The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-05-29

AunarfcAn securities mas Dc6n actlV6 eli
throuVh the week, and yesterday great
hnoysncy prevailed, SEQ bonds estab-
fishing. q further rise of nearly l. per
cent. on our last quotations, which, al
lowing for the deduction on account of
dividend, is the highest yet attained in
our market, Fries and Illinois shares
have also advanced per cent. each,
with firm market at present. Attain
tic and Great Western debentures are
last quoted at 81 to "a, and the CONSOLE
dated mortgage bonds at 81 to ~.
The Philadelphia Age says that "on
Saturday the stock market presented
the usual dull appearance. incident to
the closing up. of very dull week.
fyeryilittle was done, and where stocks
were ~ mn messed to sale q further decline
IN prices was the result. The failures
lin Liverpool, New York, New. Orleans,
Cincinnati, &C., have. had 4 tendency
still further 70 depress all kinds of bust
ness. Difficulty is experienced in the
disposition of even standard goods, and
unsaleable fabrics cannot be disposed
of on any terms. Reduction in prices
seem to have no effect in tempting
purchasers. Even sales at auction are
dull, and attendance poor. A portion
of this inactivity is to be attributed to
the season of the year, but much more
to the apprehensions felt that financial
troubles are impending. Yet, even adj
versity has its lessons, and if we dis
couut a portion of our difficulties, there
will bs, q smaller balance when settling
dav comes round. Bya system OF pur-
chasing from day to day only what is
required to supply immediate necessi,.
ties, there will be no accumulation OF
stocks, while the coming crops are
promising, which viii enable buyers TO
nav promptly for what they take. This
may give a good fall domestic trade.
Still. the summer months are to be
tided over, and the prospect ahead, col
or it as we may, il not encouraging.
The market for foreign goods is not SO
favorable, as the Iimportations have
been very heavy, Foreign advices to-
day report fiye-twenties ut 72t, an ad-
vance of /; and cotton as firm, With
sales of about 10000 bales.
The money market generally presents
but little activity. The amount OF sur
Mus capital has Increased, and borrow
ers find no difficulty in obtaining loans
snbieot to call on acceptable securities
at 5a6 per cent. First class business
paper is, in demand at 65a7 per cent.
per annum discount. ,r,7r rrsa ,a
We extract the following from the
Pittsburg Commercial Of Tuesday:
Ever since the reaction from high
prices set in, several months since, com
mercial depression began. which has
steadily won it's way until the present
spring, when such an entire stagnation
and proftless trade has rarely been
known within the memory of the old
est merchant. The spring trade is near
| " over, and. there are large stocks in
the stores of eastern Wholesale dealers
which cannot be sold at any concession
hardly to purchasers. But notwitA.
standing this lethargy and the general
distrust prevailing, there are. scarcely
any failures in this community, and
business men are now in better shape to
meet all coming obstacles than they
have been for the past two or three
years. Very few bills go to protest.
Our notaries report business as very
dull. For some time past merchants
have been contracting and bringing
their business more within their imme-
date control. The present condition of
affairs had been anticipated, and pretty
we'll prepared for by carrying small
stocks and curtailing credits. The wild
spirit of speculation has been checked
to great extent, and possessions have
not been hazarded in operations of n
doubtful character, but the. disposition
is to hold on to what has been got rath-
er than aspire to greater possessions.
There has been great deal of money
lost compared to what has been made,
but no evidence of extensive insolvency.
Our business men during the past four
or five years have accumulated large
profits and added immensely to their
wealth, and they are in a condition to
bear the heavy shrinkage in fixed val
ues without the fear of being led into
insolvency. Much of their accdDnulated
wealth has been loaned to the govern
ment in the purchase of bonds, which
can readily be converted into cash on
the revival of business.