The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-03-29
COMMERCIAL AND FINANCIAL.
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Money matters are easing mn IN New York
little as is evidenced by the irnproving ouo.
tations this morning. Both the NOON ana
hlght dispatches yesterday showed an M
ward tendency in stocks and GovArrr,a,,
securities. An especially active dsnanII a.
reported for the new sos, and the nr,cs %
strong for that issue. Money is exper,sI -
be much easier both In New York and Cir1
cinnau after this week, when the banEs
shall have got fully ready for their quarterly
statements The adjournment of Congress Is
also helping matters a little.
On Tuesday last Mr.. Wiley made the re-
mark in the U. S Senate, that in his opinion
the cessation of congressional legislation I'M
til next winter was demanded by the com
mercial interests of the country.
On the sameday the House OF Representa-
tives refused to grant Lave for the introduc-
ton of n resolution declaring that not more
than 100000 Of the currency shall be re-
tired per month, as now provided by law.
It is stated that a comparison of pSesent
prices with ihQSe OF the beginning OF last
year SHOWS That 6readstuffs have advanced
on an average about thIrty-fye per cent,
while dairy products and beef and pork have
ten per cent
Rotlroad Company has declared a Quarterly
dividend of % per cent.
The N. Y. Sun Is quite certain that the
princely. incomes which business men have
realized during the last four or I'VE years will
form remarkable contrast to the returns for
the present year. Say the editor:
I've are now IN the midst OF what is usual
| ~ the busy Spr1nS season, and yet there is
comparatively but little trade, and the pros
pect Is not encouraging. II is true that busi-
ness Is better now, than IL was three or four
weeks ago, and that some home houses have
very ialr trade, but in comparison with the
lsst TWO years, lAe present trade tsdull. This
STATE OF INNS apparently results from the
gradual decline In the value OF Tnerchandise
Merchants generally express the opinion that
ptlSlneSs Wouid become very much enllvened
If prices would become steady or take an nm
ward movement Buyers cannot be Induced
TO touch goods when prices are going down,
except so far as they are Obliged TO do by i'm
mediate necessities, The primary cause of
this dizziness, however, may be attributed to
a scarcity OF money in the country, both
South and West a merchant from a noted
lumber mart IN Michigan, informs US that
men are paying as high as three per cent. a
month, in his place, for money on short loans
Two per cent. month is quite q common
rae OF interest in Western towns OF the spec
uIatlve KIND. The scarcity OF money prevents
county merchants from making collections
and that Iaiinis prevents the making OF
as restraint upon further purchase Some
Of our merchants have lately lost heavily by
1t is now positively stated that the total
loss OF Leonard W. Jerome, on the late Pa
cific Mail corner. amounted 10 about 81 $40 GOO
and this leaves him in possession OF 81 EN- an
comfort.
The Cincinnati Commercial of last night,
remarks as follows upon the feeling In the
Flour and Produce market.
a firm confident feeling controls holders Of
Flour and Produce generally but the anount
of business ddlng tsnot laree. There is great
er reserve In Offering Flour than there was.
and on the established brands bettar fie1Tes
may be regarded as established thouRh
practically given but littlesupPort by buyers.