The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-07-11
Financial and Commercial Items.

FinanCiui and Coinmerciai htems.
The weekly statement of the New
York city Banks for last week shows
the following changes as compared with
the previous week: Increase in loans
So, Sl3,2S3; do. in deposits S5,3l LOSS; do.
in circulation Sl26,S37; do. in specie.
S3,054,l75; and do. in legal-tenders 81,
02l,7F.
On the 9TH instant there was over one
hundred and forty millions of dollars in
cash in the vaults Of the United States
Treasury Department OF this sum
sol 600, 900 was in coin and gold certifi-
Gates.
The Philadelphia Age of Tuesday
says: Notwithstanding the absence
from the city of many of the leading
operators, and the languor induced by
tn: excessive heat, there was very
fair amount of business doing, and
prices were very well maintained. The
present appearance of monetary affairs
would seem to indicate, if they are
managed with common prudence and
no disturbing influences are introduced
that we are approaching the dawn of a
brighter day. We have recovered some
what from the dependency and gloom
which followed the conclusion of the
war. The rumOrs of an early resnmp'
ton of specie payments and n sweeping
rcvulsiOn have proved to be but false
I'll, t. % "a %
promise of an unusually abundant har'
vest, and all the indications are encOur-
aging to our business mon. If we could
be assured that there would be no more
tinkering, no further launching of mad
and il-considered schemes, we would
cherish high hopes for the future. We
see no other grounds for apprehension.
The New Orleans Picayune of the Both
ult., remarks as follows: Business fol
the past week, considering the season
of the year, has kept up remarkably
we'll. There is no doubt that the dam
age which rich and extensive tracts Of
country have sustained by overfows
has had its effect upon the commerce o:
this city, and at one time caused much
depression. While the damage thus
sustained in those productive regions
cannot now be remedied, intelligence OF
trustworthy character reaches us that
in all those districts of country which
have not been ravagsd by the floods,
the prospects for crops are good, and
this has had the tendency to enliven
business and give to commercial circles
a more buOyant spirit.
The following article on the "in6ux
of bullion, and the coming harvest" is
from the city article of the London Time,
of June "a:
Neither the favorable harvest weather
nor the arrival of a further quarter of a
million of gold from America have had
the slightest influence on the funds
The public who purchased largely a
month ago, are unable to resist the
temptation to realize the five per cent.
profit that has accrued, and are satisfied
for the present to let the proceeds lie
idle at their bankers, who in their turn
end difficulty to obtain employment for
it at two per cent. Thus far it is evil
dent the revival of financial confidence
has scarcely made any progress either
in Paris or London. The unparalleled
accumulation of bullion and the low
rates of discount have rendered it i'm
possible to obstruct certain advance
In the price of the funds; but the inhe-
rent feeling of distrust is almost as
strong as ever, and consequently when
holders discover that they can actually
obtain fair profit on their original
investments, they rush to secure it, as
if there could be no hope of its perma-
hence. A similar tendency pervades
every department of trade, and by
checking all orders for foreign goods,
except such as are indispensable, in
creases the prospect of large continu-
ance Of tae influx Of bullion.
The possibility of another Indifferent
harvest constituted the only apparent
contingency that might be likely to turn
the tide, and now that the promise of
abundance seems to be daily strength