The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-07-19
FINANCE AND TRADE
Financial and Commercial Items.

The earnings of the Pittsburg, Fort
Wayne and Chicago railroad, for the
month of June were S5O6,5S5, de-
crease of Sl27 ,0Sl on the same month OF
last year.
The earnings of the Erie Railway Tin
Guiding the Buffalo division) for the
month of June were Sl,1l8,732, de-
crease sfSl24, 902 on same month of last
year
The Central Pacific Railroad, of Cali
fornia, with 81 miles in operation, gives
the following exhibit of earnings and
expenses for the first six months of the
current year, in gold: Gross earnings
SAG. $500: operating expenses Sl3l,
93-. l4-ner earnings s3l7 ,O93.o6.
The Presidents message taking the
ground that Congress having over,
thrown the Southern State govern
ments. the State debts contracted be-
fore the war, amounting To over one
hundred millions of dollars, would fall
OH the Federal exchequer, created some
thing of sensation in New York finan-
cial circles. 4 dispatch says lit gave
Wall street the ague." This feature OF
reconstruction, it would seem, had not
been anticipated, and the thought shook
the sensitive nerves of heavy operators
like an electric shock. The territorial
ling bill of Mr.. Stevens, which pro-
vides for additional reconstruction on n
wholesale plan, will probably cause
another tremor. If the President is
right. the message will not add to the
popularity of the reconstruction mea-
sures at the North, but will raise up n
horde Of enemies against the persistent
tinkerers ut Washington. Many inilu-
entail finance men doubt the force of
the Presidents logic, however, and
maintain that the Southern States are
not without governments, and govern
ments strong enough too TO enforce all
honest pecuniary Indebtedness; but then
what will come of this argument aud
the debts too, if the Southern States
are territories according to the provi-
sIons of Mr.. Stevens bill: -
We make the following extract from
the Age OF Wednesday: 1t may seem
strange, but it is nevertheless true, that
these periods of inactivity, or some
thing worse, are the invariable cOncom.
itants of every session of Congress.
This is by no means tlattering to the
wisdom of the councils of the nation,
or to the confidence with which the
people rely either upon their prudence
or their honesty of purpose. Neither is
it strange, in view of their past record,
that such should be the case The re-
newal of agitation upon the reconstruc-
the scheme has already cost over ST.
000, 900, and will cost $4,000, 900 more
before it is done with. is not calculated
either to soothe the public mind, or to
encourage the newly-awakened vitality
in monetary transactions. Let an adj
journment be had at an early day, and
we may expect that the old routine will
be resumed.
During the past week the market for
domestic goods has been irregular and
unsettled. The unsettling of confidence
by the failure of several prominent
dry goods firms has almost brought bu.
siness TO stand still. Transactions are
limited to small orders from the country
to supply wants for immediate consump-
ton. Buyers are holding off for lower
nd "a fnr
for. Foreign dry goods are quiet and
dull.
The crop prospects, as reported by
the press of the interior, are still of the
most encouraging character. From
some localities poor and medium re-
suits are announced, but the great mass
of territory favors crop which for mag
nitude and good quality has never been
surpassed.
The cotton receipts at all the ports
continue to be on very light scale,
those for the week ending on Friday
being only 1892 bales, 'uaking q total
since the LIST of September of / 81. O23
bales, against 1875, 1917 bales for the
corresponding period of 1866. The
foreign exports for the week were "a
251 bales, against 36,6sS bales in the
preceding week, making total since
September LIST of Ass ,367 bales, against
l,466,0l5 bales for the same period in
1856. Of the present stock New Or
leans has 6,lU7 bales; Mobile 1875:
Charleston 3239; Savannah 1898: Texas
10,907; Florida 4S0; New York $4,000,
and other ports $4,000. The foreign
market for the staple is dull and rather
dropping. The stock at Liverpool OH
the 29Ih of June was Isl, go bales, and
at London g., l3l, against l,0l4,00O and
81 ,54a respectively at .he corresponding
date last year. Havre had s2,76l bales,
against l56, $50 in June. 1866, and there
were afoat $1,000 bales Of American
cotton, and 656, S6U OF Indian, besides
oS'o0o afioat to Havre, giving total
anoat ard III warehouse of LOCI PIP
bales, against 2,02. ~ at this time last
year.
From the commencement of the Chris
tian era to the discovery of America it
&c A4rxI -