The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-05-11
FINANCE AND TRADE.
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Rina.eiaI asA CsanerciaI Ite.as.
The receipts Of cotton at all the ship.
ping points in the United States from
the close of the war, May l, 1865. to the
latest mail dates, are 5000, 600 bales.
The exports IN same time are ,573, GOO
bales. There is much diversity Of opin-
ion rs to the amount Of the growing
cotton crop. Some venture the predic-
| ton that il will he smaller this year
than last An .s...s-
| A letter from New York announces
the failure. of another sxtensi ye.cotton
house, that of the well known firm Of
Messrs. Watts. Crane & Co. Their liz.
bilities are said to be large. The firm is
understood to have a large amount Of
foreign exchange. ont, and the losses
therefore are likely To he wide spread.
1t was also rnmored that a prominent
bank was in difficulty, bnt the rnmor
conld not he authenticated. .E'-
The New York market shows cOnsid-
cradle speculative movement in some
classes of produce, but business gen.
orally lacks animation. The dry goods
trade is moderately active, but much
less in the aggregate amount than usual
at this season. The demand IN chiefly
| limited to small quantities. required TO
repleniSh assOrtments. Prices of most
descriptions of cotton goods have a
downward tendency. Woolens of de-
sirablc styles of heavy weights, suited
| to the autumn trade, are held with a
little more tirInness at rates q little high
er, but buyers scarce. ."Hf-
The following. will show the exports
(exclusive of specie) from New York to
foreign ports for the week ending May
z, and since the first Of the year:
| ,la5. ISG5 1867.
/ For the week 81 ,3lO,32 S32l9,O1l Al9o.el9
Prev. reported. .62 1850! s4,is3,526 b., i2l ,4o3
Since Jan. 500 AZ, 3O4 So +Oa, 50; Ell $40 a2a
The commerce of New York from July
TO date compares ~ follows with
former returns:
Impts mdse sl2s 5725s7 s2529,9 $50 s22i .2l0, 1877
Expts prdce. ls7.5s2,Cs4 1874. as0673 LJ6.5a6,6i
Expts specie a7,72256l 1924, l3a e6,l55,55i
Twenty-six of the Philadelphia Ma
tional Banks have announced their May
dividends, ranging from D to IL per cent
and aggregating some $685., $40 against
S904 300 in November last-shewins a
decrease in the amount to be disbursed
on this account of s2o,09O. The amount
Of capital divided ON now is S1l, Az, $50
against sl3,6l7, l50-an increase of $685.,
300. There is only one instance of II
per cent di vidend that of the Kensing-
ton National Bank There are two div.
dends OF 10, one of =, two of :. eight of
q. and the rest OF 5 per cent. The divi-
dends are not equal in every instance
| to those made nj the last semi-annual
period. The Philadelphia makes per
per cent less, the Bank OF Commerce IL
less, and the Consolidation 2 less. The
National Exchange Bank, that ut the
last semi-annual period divided 4 per
cent, equal to - 900. does not make a
dividend now, having changed its divi-
dend periods te the LIST of January and
July, and there are several other banks
! that ha, done likewise.
| A part of the Improvement in the
tone of the feeling in the money mar
ket is due to the crop reports from the
Southern States, which. are more en-
eouraging than previous accounts; more
territory appears to have been de, oted
to seed last fall than is generally sup
posed. For example, q Chattanooga
paper asserts that there will be more
wheat harvested in Eastern Tennessee
than during any previous year. Pros
poets were never better, we are told, in
Virginia. The same is trne of Georgia.
The people of the cotton growing States
appear 10 have Turned their attention
from that staple to the growth of wheat,
corn, and other accessories of life. The
New York Post says: l...-
THE general trade of the city is
moderately active hut somewhat irreg-
ular Is to price OF breadstnffs and pro-
visions. Light receipts of flour and the
reduced stOcksat the West have resnit-
cd in an advance of from fifty cents to
n dollar per barrel in this market, and
the limited supply is inducing specula-
ton for rise both here and In the
West. Cotton has been active, hut
variable, with an advancing tendency,
owing To the reduced receipts and the
improved tone of the foreign market.
The receipts at all the ports last week
aggregated only ls.seS bales, making
Atotal since the LIST of September last
of l,660, So bales, against l .el0. 1sS bales
for the corresponding months of 1856.
The stock at ail the ports, according to
the latest adviees, amounts to 1921
bales. The supply NJ Liverpool OH the
2oth instant was 795, SO bales. aud at
London Il, 420 bales. while 9OOOO bales
Of American and a63,9O0 bales of In
dian were estimated to he afi0at; max
ing a total Of l,292,li0 bales, against
i,aal $50 bales at. the same time last
year. r-.. 4 7'i.tlIl % 20 |
The Uorld Of Thursday says,ns .-j I
The money market shows symptoms
OF Increased ease. - Call loans are made |
AT . to per cent. on governments. and
100 per eeut on stock coliaterals.
rhine commercial paper is readily dis
counted at 10 ~ per cent, and good
to ordinary at g 10 ~ pey cent.
The gold market has heen, active
throughout the day, althsngh the due
ttpstions were not wids., The price
opened at 1881, touched 1851, and fell In
1871, and closed at l3s. Cash gold Is
plentiful, and 2, 3, 4, s, 6 and 7psr cent.
" paid for carrying, The elearings