The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-04-06
COMMERCIAL AND FINANCIAL.

By the burning of the Schofield tex
tile mill at Philadelphia, on wednes-
day last, we notice that the franklin
and National Insurance Companies of
Wheeling each lose about $2,ll2. So
the North american reports.
Money is reported a shade easier in
inc East, but the quotations of gold,
stocks and Government securities Show
very feyerish market
Pittsburgh and Cleveland railroad
stock, we believe, has been selling
down to an unusually low point.
Our advices from Philadelphia are
to the following effect:
"The increased ease in money is not
stimulating either business or prices in
the Stock market. The former. IL ia
true, is somewhat brisker than during
the late pressurei but prices stubbornlY
refuse TO advance with any degree of
rapidity or permanency. The expected
spring rise has not yet made its adj
vent. The securities known as specu-
lative, are not eagerly sought after,
capitalists seeking Investments pre.
terrinR the United States bonds. and
loans OF the State and city. The mar
ket to-day was fraction weaker. and
at the lower figures, the holders OF
fancy stocks evince but little disposi-
ton to sell. Their confidence is brisker
and higher markets continues undimin-
ished."
The recent panicky feeling in New
York was Increased by a rumor that
the banks were compelled to paw out
their Compound Interest Notes. which
for the moment had certain effect
upon stocks, although without a
shadow of truth, and FidicuIousIy i'm
probaoleat time when the Sub-Trees-
ury is taking them at a premium.
From last nights Gazette, we quote
as follows:
Currency begins to come in mora
freely from the country, and bankers
were easier in this line; but the abiIItv
10 discount continues inadequate. and
the loan market rules very close at M
OH per cent. for best paper. The nm
expected stringency in New York has
an unfavorable influence here, and nm
til that market gets into more natural
condition, there will be no disposition.
whatever the ability may be, TO loan
freely at the West. The condition of
the money market throughout the
country at this time is anomalous, and
puzzles the wisest heads. Private dis
patches from New York represent the
stringency there as almost equal to that
which prevailed under the January
panic. 80
Concerning the condition or the pens-
raj markets, the Gazette reports as fol-
lows:
There is generally an active business
being transacted in the general mar
kets-the only exception is in pro
visions. There is an active demand for
flour, both legitimate and specuIatiye
and holders are asking a further I'd,
vance. Wheat is firm; stocks are light
and prices fully sustained on all grades
of winter of spring, there are none of
the higher grades in market The de-
mand for corn continues active. and
prices sustained a further advance of 4
Csc per bushel. Oats advanced 5(a6e
and sold largely at the advance, closing
firm Rye is firm and holders ask hi0heI.
prices. Barley is in better demand
and prices shade firmer. The storE
of clover seed is light and an advance
of 81 90 per bushel took place to-day.
Whiskey is inactive and prices noni
nal There is more general activity in
the dry goods market; trade seems to
have opened in earnest at last; prices
have not changed essentially since our
last report. There is an active demand
from the country trade for groceries.
and the market is firm for coffee. but
sugar is rather weak. The provision
market Is dull and depressed: holders
show more willingness to concede TO the
views Of buyers, but the demand is
light for all articles.