The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-05-24
.EtNANcE-AND-TRAnE-
TGNAVN6A

paid out Tor interest on the puDlc ueoo
was 81, AZ, 900. The Treasury probably
sold its full custom receipts, u mol
rather more. Eiiljijl ltj3IHUGd
The Bank of Commerce, of New YORK.
in its annual statement shows 10 It's
credit a surplus fund of s3,o29, lila
which has been all realized as, money,
and th;s amount, like the capital STOCK
of the bank, is now yielding an inter-
est income to the shareholders.
The Commissioner of Internal Reve-
nne has decided that publishers who do
not themselves print the books and
n,ners published and sold by them are
liable to special taxes, not rs manufac-
turers, but as dealers.
Some apprehension has been felt on
account of the occasional appearance
of fresh 1862 five-twenty coupon bonds
upon the market. We clip from the
New York Journal Of Commerce. the fol-
lowing, which explains the whole mat
tor, and shows that there are no real
grounds for alarm. The Secretary OF
the Treasury has full authority to Issue
those bonds, although his mode OF do
ing it may be open to criticism
TIL. bonds of 1862, Of which upwards
of five hundred millions were issued,
were partly coupon and partly register.
ed. Under the national banking act
part of these were deposited in Wash;
fngton as security for circulation. The
Comptroller Of tho currency, we believe,
insisted that the bonds thus used should
have the same protection as registereu'
and thus where coupon bonds were sent
in. they were stamped and endorsed IA
the department, thus taking away, i'll q
measure, their negotiable character
MANY of the banks have tried to ex'
change these securities at the depart
ment, and have solicited the Secretary
to give them clean coupon bonds In place
of the registered or endorsed bonds
thus held for their account. This has
been steadily refused, the department
claiming that it had no right to make
such an exchange. Recent events
showing that some exchange was IN
progress, we made inquiry Us to its'char
acter and received the explanation thai
where the bends originally deposited
were coupons, and had lost their nego
table character by an official endorse
ment, certain favored parties had bee1
furnished with clean coupons i'll eX'
change; but we could not learn thai
auy bonds that were registered when
DEPOSITED had been changed, even fol
those most favored. 1t is this favor
itism which appears to have given thu
most dissatisfaction, and very respect
able house assures us that on direc'
application for an exchange having
been pointedly refused by the Treasury
Department, the same securities were
subsequently exchanged through IN
yorite government broker upon the pay
ment of commission.
The Age of Wednesday remarks thai
there was but very small increase il
transactions to note at the Stock Board
to-day, but prices exhibit a greater de
gree of firmness. Operations were very
equally divided between stocks ant
loans. United States bonds are little
ofli.h, and the records of the Boart
show lighter business. This inactlv
ity is observable also ut the banker
offices on the street, and the demand
| for State loans il not more than fair
The foreign money markets. like GU
own, are reported quiet, but fye-t~en
ties in London are quoted ut 72f. Cot
ton is so mewhat dull, but without an!
decline in price, and provisions an'
breadstuffs steady. The export of spe
Gle is attracting some attention in bust
ness circles, and apprehensions are fel
that the balance of trade may continu,
to rule against us and produce con
slant drain of specie. The main caus'
of this moyeasent is the uncertainty fel
in reference to produce and cotton bills
They are plenty Ia the market, bu
bankers hesitate to endorse them, ant
and hence the precious metals must b'
substituted for them. 4 LITTLE time
however, may bring about an adjaSt
ment of differences and check the out
flow of coin. That such is the expeeta
ton of the "knowing ones is provet
by the fact that there is less of speca
lative activity and the premium" IL
comparatively steady. City loans sci
freely at the prices which have beef
current for the past week. New Jerse!
State six per cents were off fraction
Reading was more active and advanced
to -, with sales Of 5000 shares. Cam
den and Amboy, Pennsylvania, Morri;
Canal preferred, and Northern Central
were unchanged.
The money market continues Pill lib
eral supply of capital, and borrower
find no difficulty in obtaining tcmp.ra
~ loans on good securities at five &
six per cent. First class commercial
paper ut short date is placed at six Il
seven per cent. per annnm discount.
The dry goods market is dull, aud de
sirable goods only are saieable ut remu
nerative prices. In foreign goods de
sirable styles are not IN excess, bu
there are large stocks of others on hand
The auction rooms are crowded witt
goods, and sales are limited and nnsat
isfactory in price. The demand run
chiefly on mourning and good styles o
plain and fancy dress goods. Black ant
colored silks of the best qualities ar
also wanted, but at - re6uction ii
prices. In domestic goods there is q;
dnllneSs and depression unknown TO
years, and it has been found Impossible
to dispose at auction of all the good
offered there. Desirable styles are no
in excess, but undesirable goods ar
difficult to sell, even ut a reduction.
Yesterdays Pittsburg Commercial
states that if there is any change in tn
temper of the local money market it va
towards greater clOseness. The haak
have fully as much customer paper Of
fering as their line will permit theaa t.
take, and the outside market il dis
trustfnl, and only very choice name
meet with favor.
No improvement can be noted in tn
general merchandise market. The ON
nous condition of the dry goods trad
i'll New York has rendered purchaser
more timid than ever. A very obsery
ing and Intelligent correspondent o
one of our brokers max es tho foliswin!
remarks, under Late date:
"WN hear to-day, thr,o ugh reiiabl,
source, that the house O. A. T, Stewart