The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1868-11-06
FINANCE AND TRADE.
RinaneiaI and Com merciaI.


Mexico boasts that she has paid one
sixth of her debt durisg the last year
Among other things she took s3,726,2oo,
and redeemed Herewith sl4,654, $50 OF
claims and bonds. OF these some ten
millions were in California ana new
York. Some two millions OF -Engllsh
and Spanish Convention debtwere also
bought up.
The general clothing Manufacture of
New York during 1867 paid internal
revenue to an amount representing a
business exceeding Sl02, OOC,0 900. This
is inclusive of all the various kinds of
clothing made which were subjected to
taxation, such as cloth and all textile,
knitted, felted, woven, or sewed, and
made of wool or cotton. Of this sum,
nade-up clothing represents upwards of
$4,000, 900, the remaining S24 ,OOO,O 0
belonging to cloth and other materials
for clothing.
NATIONAL BANK RETURNs.-The Oc-
tober returns of the Southern National
Banks show the following resources:
Of those in North Carolina, S2,247 900,
including $4,000 in specie; South Caro-
lima, 2,237 900, specie $4,000; Georgia,
S5,757 600, specie' S37 900; Alabama,
S1,1l4,OOO, specie $1,000; Mississippi,
Sl48,000, no specie; Louisiana, $751;
600; specie 100000; Texas, nearly
81, 900, 900, specie S2lS,000; Arkansas,
81 ,29, 900, specie $500; Virginia, S, OoO,-
900, specie $4,000. The total amount
of United States bonds to secure circu-
lation is $3.50, 900, and of compound
interest notes S42, 900.
THE REVENUE QUEsTIoN.-How will
the coming Congress meet the question
of debt and revenuei Unless the latter
is increased the former will be augmen-
ted in material degree. The Radicals
removed taxation from several depart
ments of business. But this was mere
electioueering trick. Since that time
the debt was amounted rapidly, aud
now some means must be devised to
stop progress in this direction, or both
the business and credit Of the nation
will suffer still more seriously. A re-
duction of the expenses would be the
proper starting step. Bat that the
leaders of the party in power Will not
agree to. 1t would disband their or
ganization at once. Taxation is the
only feasible loophole for the Radio Ills,
and they will have to increase the bur
dens of the people. How will they rel
ish this exhibition of Radical care for
the massesf
The New York Erening Post of Tues
day says: The money market is ex-
tremely stringent, and borrowers have
great difficulty in supplying their wants
The common rate is seven per cent. IN
coin, and we have heard of loans on
which, in addition to seven per cent. IN
currency, commission of of one per
cent. per day has been paid. These ex-
IRENE rates are chiefly attributable to
artificial means; it is, however, gener-
ally believed that natural causes alone
would make sharp seven per cent.
market. About $500, 900 three per cent.
certificates have this morning been pre-
sented by the banks to the Assistant
Treasurer for redemption. We under
stand that a meeting of the associated
banks is contemplated for the purpose
of considering the expediency of allow
ing three per cent. certificates to be
used in the liquidation of Clearing
House balances. The continued money
pressure has, for the time at least,
checked business in commercial paper,
and rates are nominally rs last quoted.