The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-06-06
FINANCE AND TRADE.
Financial and Commercial Items.


Financial and Commercial Items.
ILLINOIS CENTRAL LAND SALEs.-Ihe
land business of the Illinois Contra
Railroad Company for May. 1867, was
as follows:
10 23l acres sold for $50 II II
The government currency that passed
through the Currency Bureau at Wash
ington, from its organization to the
25tA of March last, amounted to Tin
Guiding revenue stamps) S6,755, 056,
744 IS. This includes the amount
printed at Washington and also that
printed and furnished elsewhere.
The shipments Of specie from New
York for Europe on Saturday were s237, >
700 per Europe, 100000 per Pennsylva
MIA, slO5, 900 per City of Baltimore, and
$4,000 per Gcrmania. The total ship
ment from New York for the week foots
nm SIT ,143, which is moderate 1t Will
be recollected that the export last year
in MAY and June amounted to orer forty
millions.
There is considerable diversity OF
opinion as to the course the gold pre-
MUM should take, some maintaining
that large amount must yet be ex.
ported, while others say that the sales
by the Treasury will keep the price
down, and that the low rate of interest
in Europe will tend to cause balances
to accumulate here.
The advance on five-twenties at Lon
don has strengthened the market for
Governments at home and prices are
firmer. At present the difference in quo
tations at London and New York is not
sufficient 10 induce any free operations
ON immediate account; there Is, however,
q disposition to buy upon the suppose
ton that prices will steadily advance.
A dispatch published in the Chicago
papers and republished by us, about the
Second National Bank of st. Louis,
caused considerable sensation. The fol-
lowing is the correction published in
Chicago:
"ST. LOUIS, June l.
al. NJ. Holden, Cashier:
"Base falsehOod; no truth in the item;
sound as {. nut; no run; no signs OF 1T;
no cause iOrit. Z. ID. JONES, Cashier"
The Bank statement, as anticipated,
il an unfavOrable one. The deposits
show a decrease of S3,200,000, which,
considering that the specie deposits
have increased 100000, is equal to n
decrease of S3,70O,00O in currency de-
posits. The Legal Tenders show re-
iuction of $2,l00,000, OF but little more
than half the decline in deposits. The
loans have been reduced s., 300, 900. The
statement shows a decidedly closer
movement, and accounts for the partial
stringency developed toward the close
of last week.
OFFICIAL REsPoNSIBILITY.-The hopes
of our Industrious, enterprising citizens
in every part of our country rest upon
the revival of commerce, the activity
of our productive forces, and the health
of orr financial organism. To insure
successfully these three-fold elements
of prosperity, many perquisites are
needed. Above all we must have de-
cided action. Something must be done.
The people have been fed upon promises
until they have been reduced to their
present condition. We must have not
only ECONOMY in all branches of the
public service" as recommended by Mr.,
MeCulloch in his Boston letter, but also
personal responsibility of Treasury of
ficials.. Very few of those who have
hitherto proved unfaithful to their
trusts. have been brought to justice aud
punished. There can be no rigid econ.
omy Us long az loose system of partial
responsibility is tolerated. 1t is very
questionable whether such reform can
be expected from the party now in pow
er. We cannot gather grapes from
thorns, or figs from thistles. The mere
simple solution of our difficulty would
be to discharge those who have beer
tried and found wanting, and To fill
their places with better men,
The Louisville Courier on Monday
says that the crop prospects thus fai
are highly favorable for an abundant
yield of wheat in this State, as well as
throughout the entire country, North
and South. Under the influence of the
prospective fine crop of wheat, the mar
ket for old stock has very MATERIAL,
declined, and -four is excessively dull
and sales are wholly confined to filling
small orders, and no speculative de-
mand whatever.
The indications South favor d small
crop of cotton next season, though in
some favored localities it promises an
abundant yield. Yet the fact is fast
becoming apparent to all that Less
ground viii be sown with cotton this
year, aud the planters generally are de.
voting more of their attention to gain
With corn varying in price from one
dollar to one dollar and q half pei
bushefthe entire season through, they
have ascertained the fact that it is bet.
ter to grow corn than cotton, ut less
labor and less cost. 1t is the more
profitable crop, and is certainly self
sustaining, and the staff of life.
The statement of receipts and expen'
ditures of the United States for the first
quarter of the calendar year to the 3lst
of March, has just been made public,
and shows that the receipts from all
sources amount to s239, 24l, s54. Of this
sum, s4S, s5s, 434 were from internal rev.
enue, and $36, $50, Oss from customs. In.
cluded in the payments, which aggre'
gate $2&, 74l,0 5s, $as,Sa5, 5O4 were fol
war purposes, and on account of the
public debt, interest aud premium
about one hundred aud seyenty.eighi