The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-07-09
COMMERCIAL AND FINANCIAL.

GOVERNMENT SECURITIES all class.
es are very strong, and the indications
are that they will still further advance.
Yesterdays quotations show an adj
vance upon those of Saturday. The
New York Herald says that the 5-2Os of
1855. or "consols," as they have been
called, are, by reason of theirlow price,
still in special request, and considering
that they bear thesame rate OF interest
as the issue of 1862 and have a longer
time to run, they are a more valuable
stock.
Money is very abundant in New York
and is leaned as low as 4 per cent on
Government coIIateraIs at call. At
Cincinnati financial matters work
close. The Go=ette says that the success
Of The wheat harvest has very material
ly improved the spirits of business
men, and where all was stagnatfon re-
Gently there is now growing dispose
ton TO go forward. This disposition
leads to increased calls for money.
Rates ofinterest range from to L. per
cent. Paper, however. is handled with
more confidence, and the feeling of dis
trust which recently prevailed is being
gradually removed.
The New York Stock Market contin-
ues to look strong, and the tendency of
prices is still upward. The great abund-
suce of money facilitates speculative
operations, and the prospect of good
crops stimulates the necessary feeling.
One Ofthe papers records that the out
side public is making its appearance in
the street to take " hys" in their favor
tie fancies, allured by the prospect Of
making profitable turn while the fe-
yer is on the market. Cleveland and
Pittsburgh Is one of the stocks well
supported, but supposed TO be " strongly
cliqued, !" as the technical term express
es it, that is in the hands of those who
are pulling it up with special reference
to selling out, and then, perhaps, ''go-
ing short" The road itself, however,
was, perhaps, never SO intrinsically
valuable as now. 1t is really one of
the best railroad properties in the coun-
try, and it is due to the leading men of
the management to say that they have
consulted the true interests Of the road
instead OF the greed OF the stock job
bers in New York, when they refused
to divert the earnings into dividends
that were needed for repairs, equip
ments, buildings, and general improve
ments. The road is now In n condition
to pay dividends, and we learn that one
will be declared ere long.
The closer vigilance observed by the
Government in protecting the honest
taxpayer, by hunting out those who
deiraud the Government by criminally
evsding their tax, is beginning to show
itself in practical results. An Illicit
distiller has just been convicted and
sentenced to the Albany Penitentiary
two years. New York is now consid-
cred the chief centre OF traffic in Illicit
whisky, and a determination is mani
tested to ventilate doIngs there. This
is the first offender who has been
brought before the Court OF the United
States in New York or Brooklyn, for
sentence under the statute providing
penalties for violating the Internal
Revenue Law; and as he received the
extreme penalty of the law, in i'm
prisonment and fine, it would seem
that henceforth the business is to be
more dangerous than II has been in the
past. Judge Benedict, in sentencing
the prisoner, remarked that IL seemed
to have been understood that the rev.
enue laws can be violated with impuni-
ty; "but," said he, "this must be under
stood otherwise" Tie warning IS sal
utary one, and we have no doubt will
have its effect, especially If IL comes To
be understood that il will be followed
up in other like cases.