The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-09-26
FINANCE AND TRADE
Financial md Commercial Items,


George A. Wicks & Co., the large
New York dry goods firm who suspend
ed payment some two months ago, have
resumed business. On the failure, a
meeting of creditors was called, and Il
committee of twelve were appointed
who investigated the affairs of the
house, and reported the business so
managed as to entitle Wicks & Co. to
the greatest consideration. The COM
mittee recommended that the creditors
accept and that Wicks & Co. pay 60
per cent. of the Indebtedness. This
proposition Messrs. Wicks X Co. ac-
ccepted, and after IL struggle of two
months. the outstanding affairs credits
amounting, it is said, To over eighteen
hundred thousand dOllarS) are settled,
and the hOuse-under its old Eame-
goes OH with the accession of two new
men, and with additional capital.
The faildre of prominent New York
grocery house, Gill, Gilletts X Noyes, is
reported. as is also the firm of Hewitt
& Co, of Liverpool, who have extern
sive connections i'll the Southwest.
The Kansas Branch of the Union Pa
ciiic railroad is preparing to build 4
line from Poad Greek to Santa Fe and
Albuquerque. The extent OF the Santa
Fe trade may be judged of by the fol-
lowing statistics: The carrying trade
to that point in 1860 had reached &c.
07t, l59 pounds, employing 1l,69l men,
81 horses, 1874 mules, g. $50 oxen and
$500 wagons. The sum paid freighters
exceeded S5,4OO,00O, and this does not
include sums paid to mail, emigrant
aud military trains. 1t is estimated
that the amount of business has in
creased four-fold since 1860, which
would show SD ,000, 900 paid now by the
freighters over the Santa Fe route.
The Financial Chronicle contains its
annual cotton statement, showing the
total crop and movement of cotton in
the United States for the year ending
September l, 1867. We quote:
The receipts, as will be seen, very
nearly approximate those of last year,
the total reaching 2,0l9,271 bales,
against =, l93,9S7 bales for the previous
II months, indicating decrease in the
receipts this year of only l74,7l6 bales.
1t would be impossible to state with ac-
curacy what proportion of this aggre-
gate was the product of he last year,
estimates differing so widely with regard
to the amount Of the old crop not
brought forward ut the close of 1866.
We think however, we may safely take
this old surplus ut 100000 bales, and
shall then have left about 100000
bales as the total product of the past
season. Thenew year begins With an
unusually small stock in the interior,
and We must therefore look almost en-
tlrely to the new crop for our receipts
during the coming II months.
The following is given as the number
of bales on hand at the localities named
upon the lst of September: New Or
leans, l5,256; Alabama, 3,7l4; South Car
Olina, 1,22S; Georgia, 633; Texas, 1928;
Florida, .; Virginia, 1859; New York,
l,4s7; Boston, 10000; Philadelphia =,
Oo0; Baltimore 2,0OO. The crop for the
season of 1866 is placed at 2,l93, 81
bales. OF the exports it is said;
The total exports for the year reach
as above 1.552, 81 bales, which is within
l46 bales of last years total, when the
figures were l, 552, 457 bales. If We av-
erage these bales ut $50 lbs, and the
price received at l2c. Ter H., the valne
in gold of our cotton exports for the
year was Sl10,0Q0,00O.
The Dayton Ledger, in the following
remarks, disposes Of the points made h.
Gen. Hayes and other Republican stump
ers That because the Democrats were
originally opposed to the legal-tender
act, they are now inconsistent in fl.
voring the payment of the bonded