The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1866-03-21
by Telegraph
Spirit of the stock Market.


The Posts Washington special states that
the Ways and Means Committee has agreed
to take up the loan bill tomorrow. It Is
strict the powers OF the Secretary OF the
Treasury, and in that form be passed by the
House. -sr -.--rlf. rT--s &
Prices of goods OF all descriptions are fall
ing. The decline was great yesterday, though
owners with considerable flrmness. So much
effort to make sales has rarely been put forth,
and the disposition was everywhere manifest
to close transactions and to realize. The COM
ceSsiOn in dress goods Is large 1t extends 70
prints and all fine fabrics; in standards and
wo0lens 1t is lightest. the fail in one month,
on the basis of some of the prices OF goods
sold at auction yesterday, is reported TO be
fully 100 per cent; the average decline may
is a very general feeling OF insecurity in bus
ineSs circles, amounting almost to panic IN
some quarters, and this adds TO the depreS-
sion, but the public, and particularly the men
In business, do not readily buy.
There has been n change in the real estate
for NE nj a1etIop and It does not command
the prices they hoped to obtain, and so they
withdraw II or bid 1t in. 1t is admitted that
the prices of the LIST OF February cannot be
maintained, and bargains are offered at lower
rates. This is also true to some extent OF
rents.
The loan market is easy at 5 per cent, and
the supply of capital in quest of temporary
Investment is increasing. Currency Is also
usual LIQUIDATION In the country at the Begin
ming Of April, the current will probably turn
in n few days .--.--
The stock market is more active; govern
ments are firm, there being an increasing IN
curry for7-S0S for investment; compound IN
terest notes are also in demand at tulI rates.
The Commercial says: ~
The activity in stocks continues, ana Marcn
appears likely TO maintain its established rep
utation as the month of speculation In the
railroad list. The bulls still control the mar
ket and their upward progress Is little dtspu:
ted by the opposite side. This morning all
the leading stocks were active. Cliques in
Michigan Southern are buying up largely but
without effect upon the price. The mlscel-
laneOuS list is quiet but nrmer, some OF the
coal stocks being 1S91Sc better. State stocks
are less active. The activity in gold STOCK u
reviVing after reaction of three or four days,
and 1t is extending over the whole LIST Paclhc
Is in more demand, and stronger.
Governments are still quiet and rainier
weak-probably a slight reaction from the
late large demand.
Money is without change from the late eX-
treme ease. Discounts are acttYei prime
names are current at 1914 per cent; rev
exceptional ndmes are held at 6@6la, but do
not find many buyers paper, Chased good, Is
taken at SG9 per cent; lower grades Gl5 per
cent, and although taken more freely. are
silt difficult of negotiation; dry goods auc-
ton paper Is current at S1z9l0 per cent.
Gold is active; there is considerable de-
mnnu for covering shorts put out in anticipa-
ton of a decline, resulting from yesterday s
action in Congress upon the loan BILL; gold Is
quoted at l279<@ 1855. - -
Foreign exchange continuesdu and weak;
1t isdifffcult to sell even ut l0715.