The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1867-06-20
FINANCE AND TRADE.
.,.,., a.a C.mmercinI ltems.

1OFk City Uohho AoA ioSe WV e
following changes, as compared with
the previous week: Decrease in loans
s4,2lS, 900; do. in deposits "a, DE, 900; do.
ia circulation Sl1 ,979; do. in specie 81
042, 900; and an increase in legal tenders
of g, Dol $50. + i 8stg.ts
Il is understood that the United
States Treasury is not at present selling
cold Its sale for the first half of the
month is less than half million dol
lars The anticipation of the payment
of the coupons on July, 1865, which
will bring upon the market about
n. 600 900 Of gold, and the upward ten
dency of 5-20s in London, have a mark
ed effect upon the market, and are the
principal inducements to the current
hshort" sales that it is reported has been
made. y
Holders of the coupons for past due
interest (of S2l each,) of the second
mortgage bonds of the Central Ohio
Railroad are notified that the install.
ments duo LIST September next, and
March LIST, 1868, will be paid at the
Western National Bank of Baltimore
on and after the 18th instant, interest
being deducted for advance OF payment.
The general merchandise markets,
says the Philadelphia Ledger, are quiet,
with little disposition to operate at any
prices, however low. The dry goods
market is exceedingly dull, and is not
expected to improve for the next two or
three months, should the present warm
weather continue. All kinds of bread
stuffs and grain point to lower figures,
under he prospects of fine yield from
the growing crops, which are being
gathered in good condition in the South
crn States, and which high prices will
soon attract North. This new grain,
mixed with old wheat, may be almost
Immediately ground, and. thus COM
pounded, makes the very best Of Hour.
Another cause for the further decline of
-four and grain is the failure of. some
large produce dealers at Chicago. These
men, being shattered in credit at bank,
can no longer carry their large stocks,
and will OF necessity have to let them
come on the market. All round, South,
West and North, the reports of the
growing crops are Of the same satlstac-
tory character. Fruit, hay, vegetables,
and all kinds of grain promise unusual
abundance. This will cheaper living,
and as living comes within the compass
of reasonable wages, each will be accom-
modated to the other. when improve
ments now contemplated, but delayed
on account of high prices, will be pros
ecuted with wonted vigor. That trade
is dull in manufactured articles is OF
comparatively little Importance, so that
the product of the soil is large, and the
tiller's reward is realized from low
prices on excess of yield, rather than
from high prices in consequence of short
crops. The future in this respect looks
propitious. Those holding large stocks
of cotton and wooden goods, and indeed
dry goods generally, may have to suffer
loss, for the supply and price of both
the raw staples named promise much
larger yield than last year. Any diff
Guilty from this source, however, will
be of short duration, for no department
of the trade of the country adjusts itself
to circumstances, however changed,
quicker and more easily than that OF
dry goods.
Railway stocks are reported rs steady
with II general indisposition to make
large speculative operations i'll either
direction until the crop prospects are
more definitely settled. The street
favors an upward movement, and should
no disaster befall the wheat and corn
crops, prices will in all probability be
forced during the coming autumn to
higher points, with little regard to what
tho Treasury may do. Operators for IN
advance argue that so long as no plain
legal tenders are concealed, there will
remain for speculative purposes an
abundance of capital at legal rates, and
that good crops will convert the now
indifferent public into buyers for short
campaign, every operator fully real
izing the danger of buying at current
rates, but determined not to be the last
man out. AS the Secretary of the Treas
ury can fund the compound notes and
1905 more readily under full supply
of money at legal rates than under u
pressure. bull operators regard Mr.. Nc
CullOch as fully enlisted in their be-
half, and rely upon him with conf
dence.
The Pittsburg Commercial of yester-
day says: Considering the dullness of
the general business of the city, there
is nevertheless very heavy demand
for loans on the various discount places.
Of course the major part of the paper
made to be discounted, cannot represent
obligations incurred in regular CONNER
cial transactions, but portion of it is
"accommodation paper" and arises fire.
quently from the lack of trade. Bust
ness falling off and prices shrinking, the
income of many houses is very inconve-
niently curtailed, and they find it ne
cessary to draw on their credit, which is
NClS III VI CdoCo'
There is not as strict discrimination
against this class of offering by the
banks as they used to exercise. More
now is looked to as to the character for
promptness of the makers of promsory
notes, than to what transactions created
them. Could most borrowers put in
with their applications for loans some
first class cOllaterals in the shape of
bonds or dividend-stOcks, they would
obtain the use OF money at far lower
rates, and our money market would
soon rule as cheap as any of the eastern
ones.
We make the following extract from
the Boston Post of Monday: In the
general merchandise markets there is no
very important change to notice. June
is usually one of the dullest business
months of the year. In dry goods, there
is a more cheerful feeling than prevail
ed a month since, and there is strong
impression that standard goods have
touched bottom, and that any change is
likely to be in favor of the seller. In
this branch of trade, as we'll rs many
Others, no speculative movements are
looked for until the crop returns are