The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-03-20
~ : NYsLS
FINANCE AND TRADE.
aadl,r.xs.kltreney MARKET III.

Tic. HorM Of Nondasi sIys that the
money market was more active on Sat-
urday, with some of the stock brokers,
but the reported activity arises from
the calling in of loans by banks and
money lenders with whom confidence
has becs somewhat impaired by. the Te-
cent heavy failures III the Eastern
States, and not from any scarcity of
money. On the contrary the amount of
loa1ahle funds seeking enpioynent in
temporary or call loans Is largely m ex=
cess of the demand; and as the opera
tors in stocks are the only borrowers on
call, the diminution of confidence in
nercaatile credit increases the funds
at the disposal of stock brokers, and
tends to stimulate speculation and III
yestments in government bonds. Th e
rates on call are s. per cent. ON govern
ments, and 8 per cent. on Stock
collaterals, : with e,ceptions Eat
r cent. Good Endorsed bust
less notes are discounted at o.
to ~ per cent, and other names are If
regular and ut higher rates according to
the date of maturity and standing. Til
banks and money lenders are caution
in. regard to all mercantile paper, and
are mort disposed to!employ tieir funds
in cali or Temporary loans, or the puY
chase of goyerhnent:b bonds The week
liz bank statement will show an expan-
sion of about two millions of dollars in
the item called loans, but the increase
arises from purchases of government
securities for the banks own account
and risk, and not from actual loans; the
deposits item will show about the
same deerease:that the .'loans item" has
of increase, the deposits" being Simply
the s'loaus" on the other side of the
ledger. The legal-tenders will show a
decrease of about 81 ,000, 900, which have
been absorbed by the Assistant Treasu-
~ in payments for gold sold by the
government during the week. The
specie. line is also decreased about "A
million dollafs.ilCALIg s..!JD
| Quite an active business has been
transacted during the week in dry goods,
more especially in dOmestics, the de-
mand for which has been stimulated by
decline in prints and other leading ar
ticles. The failure of Orray Taft & Co.,
of Providence, precipitated. some heavy
Gales, at low. prices, Of, the Haurogan
prints owned by that firm, who were
treasurers for the Wauregan Mills. The
company is not affected by the failure
of Gray Taft & Co. This event has,
however, made break in the whole
market for domestic prints, and, as time
will show, is likely to prove benefit
to the trade by stimulating consump.
ton with lower prices. Those who sell
early aud meet the views of buyery the
most promptly, >willIhre the Fbest'tliis
season. The people not only cannot at
ford, but have not the money to pay
for the high prices hitherto current. I'm
porters are acting promptly in selling
all possible, both at private sale and
auction, and are not disposed TO hold
over any goods. The unsettled condi-
ton of affairs in Europe, points nnnis-
takably to lower markets there for all
dry goods. The decreased production
among manufacturers in Great Britain
| is expected to affect before long the
Liverpool cotton market.
The following statement exhibits the
business Of the Pittsburg Cleaning House
for the week closing on Saturday.
| N,,.cL 1G. n Z = -" = 81 q" -.