The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-05-30
Financial aud commercial I,em..a

Financial aud Commercial Items.H
| The weekly statement of the New
York city Banks for last week shows
the following changes as compared with
the previous week: Decrease in loans,
81 sc, 900: do. in specie 81 ,4S3,0 200; do.
in deposits 81 1863, 900; do. in legal ten
ders So, 264 ,000; and an increase in circu-
lation of $64,0O0..
The Herald remarks that the past
week was one of gloom and depression
on the Stock Exchange, and the decline
| in all the leading speculative railway
shares, and especially Erie and North
western was very marked, considering
the abundance of money and the pre-
vious course of the market.
The following explanation is given
in regard to the rumOred failure of q
st. Louis bank:
Some drafts of reputable bank in
Missouri were returned dishonored on
Saturday by their correspondent in New
York in consequence of some delay in
the transmission of funds to meet them.
kilograms this morning announce that
the requisite funds are in transitu. The
report which has been spread that the
bank in question has suspended Is
therefore obviously premature, and pro-
badly devoid of truth.
No further particulars have been re-
ceived of the failure of Fraser, TreE-
holm & Co., but from the known large
assets of the firm in this country, it is
very generally expected that the sus-
pension will be only temporary. We
see it stated in New York paper, We
know not on how good authority, that
the firm bought immense amounts of
property in Charleston, and large
tracts of land in South Carolina during
the war, paying for them in Confederate
currency, and in this way acquired vast
wealth for merely nominal cOnsidera-
ton. tits asserted that from one-half
to two.thirds of Charleston is owned by
the firm. Reports also state that last
year they paid taxes upon Sl4, 900, 600 of
property in South Carolina. .-
The Cincinnati Commercial thinks that
there is not much doubt but that tho
protracted pinch has sifted credit thor
oughly, and brought trade to very
solid basis-indicating caution among
merchants as to purchases, as well as
i'm their sales, and making consumers
generally more economical in expend-
! lures. From such condition Of things,
when the present promise of good crops
is realized, there will doubtless be COM
Portable expansion into good trade
and easy credit.
| The Exchanges of the banks here
through the Clearing house are stated
by Mr.. Bassett, the manager, to have
been s. ,O5O, 5a5 vi, for the week ending
on Saturday, against s6,s93,15l 30 for
the previous week. .vur
The San Francisco Market Rerier, Of
April 80, reports:
The receipts of bullion from the inte-
rier are considerable, quite equal to the
usual average, notwithsta nding the al
most impossible condition of the roads
leading to the chief mining districts.
The supply of commercial sterling bills
is also considerable, the same being
drawn against the liberal exports Of
breadstutfs, which are vet continued to
Great Britain, &c, with vigor. There
is also more than the usual amount Of
domestic exchange upon the market,
drawn against the large flour shipments
to New York and other Eastern cities.
All these tributaries add strength to the
financial ability of our people. Money
continues to accumulate upon deposit
in most Of our banks. as also in the va
lTious savings institutions of our city.
I'VE remark slight increase in the de-
mand for money for general business
purposes. yet the supply at bank is am
pie, while many outsiders are free lend.
ers at current rates. The stock market
is strong, with rising tendency for all
so-called leading stocks, mining and
Others, that are known to be dividend
paying institutions. There is rather
more inquiry for money for business
purposes at the current rates of lal4 per