The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1866-07-20

From, The EelO York Independent
The ''summer speculations" which
we predicted last week commenced in
earnest on Wednesday, and have con-
tinued with great vigor. On Saturday,
which is now looked upon as a sort or
dies non in hot weather, owing to the
early adjournment of the regular
boards, the speculators were in full Wig
or, and stocks reached a higher point
than they had done before in nearly
three months. Michigan Southern and
the northwestern stocks appear to be
the leading favOrites for rise, but the
whole feeling of "the street, is for a
speculative movement; and in every
department of trade, as well as in stock
SpeculationS, the prospects for large
and profitable operations are very en-
couraging. The prudent measures of
the Treasury tend to such results, and
none but hopeless bears, who never can
see anything but ruin in the future,
will hesitate to avail themselves of
the financial situation. With money in
abundance,a a constantly expanding and
improving population, uninterrupted
commerce, and full crops, there can be
no possibility of overtrading. Over
| trading is the great bugbear of certain
financial prophets, whose constant en-
deavor IS to repreSs enterprise instead
| of assisting it. Taking into consider
alton the opportunities which present
| " OuI dCllNe LIleTChuIlIe ana
manufacturing classes, it must be ac-
knowledged that our affairs have been
conducted with great prudence during
the past two years, and the speculative
spirit has been kept down to Il very
moderate point indeed. Even now, what
| may be regarded by some eover-cautious
men as an outbreak of wild speculation
is nothing more than the natural in
crease of values, which have wide mar
| gin yet to be filled up. The movement
in Western railroad stocks is really
based upon conviction in the minds
of capitalists that they are good invest
ments at their present prices, though
there may be in certain cases opera
tiOns by cliques for "cornering." The
rise of last week will probably cause
many of the absent deniZens of Broad
street to hurry home from their country
retreats and watering places but with
| the telegrHphic facilities at their COM
mand, their is no special necessity for
1t. A man in Niagara, at Newport, or
| Saratoga may have his orders executed
| as promptly as though he occupied his
office in William street or Broad street.
It is this facility of doing business which
has deprived the hot season OF its ira
ditional dullness, and made July and
August the liveliest months in the year.
The news of the probable close of the
Germanic war which was received on
Monday, had the effect of Knocking
gold down to l49 but the effect on the
| general market was to send prices up.
There was a general advance of one to
two per cent. upon the railroads.
Hon. THAD. STEVENS has written the
following letter in reply to one re.
ceived from prominent citizens of Lam
caster:
WASHINGTON, July 13, 1854. E.
Roberts, b. Champneys, and others
| Gentlemen: I have received your kind
letter asking me to allow the use OF nv
name as candidate for United States
Senator.
believe that Office (when tendered)
is not to be declined without some
strong reason. But it has always been
my opinion that no man should make
himself a candidate for it, or take any
part in the canvass. a person fit for
that position ought to be discoverab BILE
without notice from himself or recog-
nized agent. This, however, is a mat
ter of taste, about which there is a diff
ference of opinion, and is not intended
as criticism upon others, but only to
account for my own course.
Thanking you for your constant
friendship, 1 am your obedient SER
want, &C., THADDEUS STEVENS.
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