The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-07-18
Rinnncinl md Commercial Items.

The weekly statement of the New
York city Banks for last week shows
the following changes as compared with
the previous week: Increase in loans
81, 55l 900; do in deposits S6,347 900; do
in specie 81 ,s62, 900; do in legal tenders
81, 200, 900; and decrease in circulation
of Sl5,OU0.
1t is stated that the Secretary of the
Treasury has determined to limit the
redemption OF compound notes to thir-
" millions ont of the eighty millions
which nature this year, and will ex-
change fifty millions of three per cent.
certificates for an equal number of COM
pounds. On this financial c0tempo-
rary says: "As THERE'S M accumulation
of interest of $4,000, 900 upon the com
pounds maturing in 1867, which will be
available to the banks, the maturing
notes will not disturb the money mar
ket TO the extent feared by many. The
destruction of SS0,00O,00 OF the exist
ing reserve of the banks, and the reduc-
ton of interest on So, 900, 600 more of
reserve are, however, movements to-
ward specie payments. which debtors
and traders on borrowed capital should
heed With the present crop prospects
fairly realized, lower prices follow as u
matter Of course for hrcadstutts and
provisions
1t gives us pleasure to know that the
commi tee appointed to count the funds
in the vaults of the Treasury Depart
mcnt have completed the Investigations,
and the result of the count shows a few
dollars in the Treasury over the amount
that the hooks call for. The amount
of national funds that has passed
through the Treasurer's hands
since March, 1861, is about $4,000, 000,-
100000. The committee state in their
report to the Secretary: 1--WE found the
money on hand ut the close of the fiscal
year, ending on the 3Uth of June last, to
agree in every particular with the bal
ance shown on the accounts. The cash
at that time was s., $50, s76.l7." This
is much better than could have been
hoped for under the most perfect system
of management Using this as start
ing point, we trust that the same rigid
examination will be preeated at short
intervals. No other course will prove
satisfactory to the people. An individ-
ual who postponed the counting of
cash for years would deserve 10 dc de-
frauded.
III, Co, Er,,,.,;,on PaJIoI;. lima n
says: The shipments of wheat from
this port for the month Of May were
29S. $50 sacks of loo lbs. each, valued ut
$3.50, COG. OF this amount Great Britain
was the great consumer; taking $4,000
sacks, manifested at over half a million
dollars.
This is the largest monthly shipment
of flour ever made from this port, and
is $4,000 bbls. in excess of the shipment
in April. As that shipment was 2, 206
bbls. larger than for any previous
month, the increase in May over April
is all the more noteworthy, and shows
an extent of trade that no one would
have dared TO prophesy few years ago,
when the bulk of our -four Was either
received from the East or from foreign
markets. Our shipments to New York
for May alone show an increase of about
20,5O0 bbls. over April, and the ship
ments to that port in April were with
in fraction of the largest previous
monthly shipments TO all ports. Such
a growing trade may well provoke the
fattering comments touching our pros
perity as State which have of late
been so freely presented in the columns
Of the ltlantic Press. The popularity
of the lsthmus route as n means of -four
transportation shows no Abatement,
notwithstanding the increase of freight
duties to $3.50 per Dbl. in gold.
NATIONAL BANKS AS BORROWERS
The fact that some of the National
Banks propose to borrow money at 4 per
cent, by paying this interest to depos-
itors, attracts attention, as. heretofore il