The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-05-25
Yielding rate of

1t thus shows that COnsOl 0-2VS are
the cheapest Government security in the
market, and next to it are the 5-2Gs OF
1864.
The Age of yesterday speaks as fol-
lows of the Philadelphia stock market:
There were evidences of a greater dispo-
sition to operate in stocks at the Board
to-day, and there was much better
feeling. This gives us more active
market, and prices were well sustained,
without any symptom, however, of o
general advance. 1t would be unsafe
to predicate any expectation Of con-
tinuance of this state of things from the
operations of single day. The pros
pect ahead is by no means encouraging.
The bank exhibits, both in this city
and New York, are not viewed favora-
bly,. The amount of loans held is very
large, and everything denotes imitation.
This is certainly a very unreliable con-
dition of affairs in case of q panic. To
realize even upon governments in order
to meet the demand, liabilities in large
amounts would doubtless have the eff
feet of knocking down the prices
of all stocks. There is very little bust
ness doing in any branch Of trade, and
while this gives us II very easy money
market, for the reason that capital can
not be proftably employed, CONNER
cial paper coming upon the market will
be closely scrutinized. As is the case
at the present time, that which is APP
proved will be readily taken, and that
which is doubtful will be refused. This
will cramp weak borrowers. Occasion
III failures are reported on both sides of
the water, generally for very heavy
amounts. On the whole, We should
consider this rather y time to shorten
sail than to spread any new canvas to
the financial breeze. United States
bonds and those of the State were more
freely offered, but without change in
rates. City skies were less active.
Reading opened strong, but fell back to
its former position; 1900 shares were
sold. Pennsylvania Railroad advanced.
Lehigh navigation declined.
The Cincinnati Gazette presents the
following view Of the financial situation.
1t is comforting, at any rate:
At the bottom of the troubles that
are now being experienced lie the crop
failures of 1865 and 1866. But for these
we should have state of trade very
different from that which prevails; but
we would not be as we'll prepared for q
storm as we are now. The country was
going ahead too fast. Men had become
too anxious to make money. There
were more people specializing than were
producing, aud il seemed to be be-
lieved that the country could be more
prosperous upon the principle adopted
by the two men who are reported to
have made money by trading pair
Of jack-knives. This delusisn has
been dispelled. The days of small
things have returned; aud the
productive labor of the country has
been vastly increased. If, therefore,
we look through the surface to the
foundations, it will be found that the
solid interests of the country are in q
much more healthy condition than they
were one or even two years ago. That
which was essential To chastep and
steady people; to modify desires; and
to lead seekers after wealth to turn
their attention from the mutations of
mere bubbles to the production of some
thing of real value, has been forced up
on Ms BY necessity. The result will be
seen, not in o crash, but in healthy
revival of business. The danger is, not
that there will be NO recovery, but that
the experience Of the times through
which we are passing will too soon be
forgotten; and thst another period Of
dangerous imitation will be inaugurated.