The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-07-16

at still higher rates, perhaps at 10 or 81
cents. These figures, however, are eX'
ceptional, and we only quote them as
Such. The general price is as stated.
viz: 10 to 50 cents.
1t is difficult to say what the real
feeling is in regard 10 the future OF
wool. A grower who called upon us
yesterday, and who has sold his clip,
feels confident of better prices, from the
fact that the good crops will induce
farmers, as well as other classes, 10 buy
wooden goods more freely this fall.
Most people have stinted themselves
for n year or two back in clothing, and
in consequence retailers have let their
stocks run down to very low points.
All hands will be tempted TO replenish
this fall and thus II more active demand
with better prices is looked for.
GOVERNMENT SECURITIES were again
tirmer i'll New York yesterday, and the
tone of the general market more buoy
ant. Tlp8raid on last week seems to
have spent its force for the time being
In regard 10 Government bonds, the
observer of quotations will notice that
every few weeks efforts are made to
widen the difference in the relative
prices of the several classes of loans.
Such an effort was made in Wall street
mt the opening of last week. The May
and November 5-2O5 of 1865 advanced
from p to y without any apparent
reason, while the January and July
5.20s of the same year, remained steady
These fluctuations, says the Philadel-
phia Ledger, are sometimes tricks of
the trade. and are forced by way of
making business for the operators. AT
one time it was stated that the 1864 5-2Os
were to be put on the London Stock
Exchange. on the Paris Bourse, or in
some other way have wider market
made for them. a little skillful hand
ling of this rumor sent the price UP to
. per cent. When this was effected the
holders of this class of D POS were advis-
ed to change their lS64s into 1865, those
giving the advice being moved thereto
by the consideration of II commission.
The exchange of one class of bonds for
the other being affect ed, the story of the
widening of the market for the 1S645
was lost sight of, and another was
started, that for some reason, made
plausible for the time. it was the
lS65st hat were to command foreign IA
vor. when up they went l to per cent.
above the lS64s. This was followed by
an exchange back of bonds, the middle
man, ms before, making his commission,
the parties to the exchange holding
their original bonds, having realized
n little wisdom and a loss 10 the amount
of the commissions. Within year
past there have been several huctua-
lions in prices of the character men
toned, and yet everybody knows, who
knows anything OF the $50 loans, that
there are all OF precisely the same value
have pledged for their payment the
same Government promise, bear the
same rate of interest, payable in gold,
and such as have their interest periods
the same price. The difference in the
prices of the May and November Dos
and those of January and July is tive
months interest in gOld-which, at q
per cent, is 80 cents per month, or 81 in
gold; and il the premium is IS, then the
difference in price should be 81 IS in
favor of the bond having the advantage
of the two months interest. Just now
that advantage is in favor of the lSGis
and '65s of May and November, the in
terest Oh the others having been paid
on the lst inst. After the LIST of Nov
ember the advantage of the greater in
terest will be in favor of the January
and July bonds. Whenever there is a
greater difference in prices than that
resulting from the interest, holders will
find their profit in making an exchange
OF bonds, pOcketing the advance. for
there is no difference in the value of any
OF the $50 bonds. A safe and profitable
rule to be observed in dealing in Gov
eminent 5-20s is always to buy those
selling at the lowest price.
THE BREADsTUFF MARKET.
The New-Y York World notes the tact
that prices in flour have advanced near
ly or quite dollar in the past few
days. The medium grades are fifty
cents higher, and some grades of wheat
have advanced twenty cents per bushel.
This course OF prices, the editor says, is
due to the fact that receipts of southern
wheat have thus far fallen below expec-
tations-amounting only to few hun
Dire bushels daily, while the stock OF
the better grades of flour and wheat
have been reduced to a very small COM
pass. The World adds:
1--WE see very little prospect of an i'm
portant and needed increase in the sup
ply of southern wheat. The Richmond
Enquirer of Tuesday, says the mills of
that city have all comlzenced running,
and are competing aer1vely for the
wheat that comes TO market, and prices
| in Richmond were nearly up to our
quotations. To be sure this promises a
supply of flour, by and by, when the
wants of the South are FLY supplied;
but that is not likely to take place i'm
nediately.
The getting of the crop of Southern
wheat to market is greatly delayed by
| the scarcity of currency at the South,
applications to parties in the trade here
for assistance in that particular have
not been successful. thus, while the
grass grows, the horse starves;' and in
| the face of one of the most magnificent