The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-06-12
FINANCE AND TRADE.

Financial md Commercial Items.
There is more confidence in financial
circles in regard to the prospects OF bus
mess, for the intelligence as to the
crops is of q gratifying character. Gen
eral confidence is reviving, collections
are easier, and the fears are subsiding
as to the movements of the treasury.
causing further disturbance of business
by locking up currency and withdraw
hight from circulation.
The receipts of internal revenue thus
far this month indicate that the official
estimate of S25,000.000 for the month
will bereached. The developments now
being made regarding the manufacture
of whisky, and its escape from the pay
ment of the tax, will bring the whole
subject prominently before Congress at
the next meeting, where the question
of raising the revenue will be greatly
simplifed if means are devised where
BY the tax can he collected on the
greater portion of the whisky that is
manufactured. The general effect of
the last public debt statement seems to
have been to reassure the public mind.
Statistics have been recently publish
ed which show the expenditures of the
State of New York in connection with
the war. The State government nego-
tiated loan for bounty purposes of
81 ,654 900. The amount of debt incur
red by counties, cities, towns, and vii
lagos for war purposes is reported ut
SAL ,927 ,99S; but a. several places have
not yet given in their returns, the true
aggregate is probably S45, 000, 900, which
would make the aggregate war eXpeu-
ditures of this State about 81, 800, 900.
to say nothing of the large amounts
contributed voluntarily. This would
give an average expenditure of SlS per
head of her four millions of population.
Some of the Western farmers who
have been holding on to their grain in
expectation of famine prices have had
their fingers badly burned. They are
now hurrying it to market ut reduced
prices. In Delaware county, Iowa, ac-
cording to a dispatch from that place,
there is considerable more wheat for
sale than any one supposed few weeks
since, and farmers are now bringing in
whatever they have for sale, and selling
it at 81 so instead of q %, which they
could have sold for few weeks since.
The New York bank statement shows
a decrease of over two millions in loans,
q decrease of over five millions in de-
post, decrease of two and half mil
lions in legal tenders and an increase
of one million in specie reserve. The
amount of gold sent to Europe since the
first of January is eighteen millions,
against thirty-seven millions for the
same time last year.
The Chicago Republican of Wednesday
reports:
Nearly all of our wholesale merchants
are working very quietly, determined
to sail fer three OF four months under a
close reef; but there are few who have
to get their paper extended from month
TO month, In order to meet maturing
Indebtedness, and some of our bankers
feel rather nervous under the pressure.
The money market, however, is COM
paratively easy, and good paper is dis
counted readily at ten per cent. per
annum. Second and third-class paper
is discounted OIL the street at rates
equal to l4a2 per cent. per month.
The Ages financial report for Monday
says:
1--WE have to-day another meagre re-
cord of stock transactions, upon which
1t is useless to base any suggestions or
to establish quotations which will be
worth much for future reference. So
far as they show anything they exhibit
hrm maintenance Of former prices,
and therein resemble the general ten
denotes of all branches of trade. Our
business men have settled down into
condition of indifference. Sufficient
unto the day is the evil thereof ap-
pears to be the prevalent feeling,
and no thought is bestowed upon
enterprises looking for their fulfill.
ment to the morrow, or the still
more distant future. This sluggish feel.
ing pervades financial circles on both
sides of the water Fiye-twenties con-