The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1866-04-26
RATE OF SUBSCRIPTIONS.
RATES OF ADVERTISING.
Government Securities Advancing.

In an article referring to the recent
favorable advices relative to American
securities in the London market, as con-
trasted with the reports of continued
depression in British funds, the New
York Financial Chronicle, of the 2lst
inst, remarks:
''This significant confirmation of the
views we expressed last week relative
to the high estimation in which our Sc
curities are held, and of the growing
preference among European capitalists
to invest in them, has had its natural
result in this market; and, notwith-
standing the cholera scare of the past
week, II general ddUdnce has been deuel.
opcd lUhich apparently is only the begin
ming of q 4leIU and decided uDUGTd turn.
In the presence of this rapid improve
ment III the Government credit it is be
ginning to be frequent subject of dis
cussiOn whether Il per cent bond of
the United States will not sell for par in
the market before the time arrives when
the Seven-thirties will mature and be
fundable into 6 per cent Five-twenty
bonds. This opinion has become so
widely ditfused and SO firmly held that,
in connection with other circumstances,
il has caused considerable advance,
both in SeVen-thirty notes and in Ten
forty per cent long bonds. 1t is even
said, we know not with what truth,
that the Secretary of the Treasury has
Welded partial assent to the substantial
accuracy of these opinions, and will
guide his negotiations in the immediate
future with view to their probable re-
aliZation. That these authorizations are
in some respect Over-sanguine, we do
not undertake to deny. But arc may
certainly look tOTICGTd TO the cOnSottdG-
tiOn of the numerous classes Of oar GOU-
Tiod into long bonds bearing not more
than per cent interest, and north par
IN the market or more.
Among the subordinate causes Of This
ddUdRcc is the ease in the money mar
ket. This is due to Il multitude of in
huences, prominent among which IS
the accumulation of currency here, and
it's flow to tins and the other great tinan-
cial centres. Another cause of the ease
in money is connected with the ap-
proach of Summer, the dread of cholera,
and the amount of unemployed capital
which is lying here and seeking tempo
rary investment. The most important
cause Of all, however, is the TeVtUdt 3f
public confidence since the passage Of the
IOua bill, and the practical declaration Of
Mr.. lIcCmitoch'S financial policy. Tho
general belief seems to be that for sew
erul months to come he neither will or
can do anything which shall paralyZe
business, or produce any monetary
spus1n, but that, on the contrary, as far
aus the Treasury movements can con-
duce to that end he will keep the money
market easy, and allow the financial
machinery of the country to run as
equally and uninterrEptedly as possi-
Bile. The depressing, weary, wearying
incertitude on these points which, for
some time past, have prejudiced busi-
ness and impeded commerce is now,
I,1ru 81 Mt
fidence; and a marked activity of gen.
ernl business has been the natural re-
suit. How long this ease in money will
last is question which every business
man is anxiously asking. And the re-
plies that are for the most part given,
by men of experience, are usually fa-
vOrable; their argument being that
Government will not disturb this ease,
for the reasons above stated, and that
in no other quarter of the financial
horizon is there speck of cloud to
threaten danger.