The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1869-04-30
COaEBRCIAL ARD FINANCIAL.
aIAxKEra BX TELEGRAPH.
New YORK, April %.

CoTToN-Steady; sales of 1850 bales
at 2S14a2s24c for middling uplands.
FLoUR-Closed steady for common
grades and dull and declining for mid
ding and good grades.
N-Wheat-Quiet and heavy:
firm for spring and dull and declining
for winter. Rye-Steady at 81 30a1 81
for western. Oats-Steady at SOC for
western in store. Confirm at S4aS5c
for new mixed western and S7a90c tor
old mixed western in store and afioat.
PRovIsIoNs-Pork- at $3I 10 for
mess, cash and regular. Beef-Quiet
aud unchanged. Bacon and Cut Meats
Nominal. Lard-Heavy at 1Sc for
prime steam.
EGGS-Steady at 19a21c.
DRY GOODS MARKET.
The weather is little stormy and the
market extremely quiet, but without
essential change in prices.
MONEY AND STOCKS.
MoNEY-The most important event
in Wall street was the visit of Secretary
Boutwell,, and the foreshadowing Of the
future policy of the Treasury Depar t.
ment. Mr.. Boutwell, gave audience to
Treasury, and in the afternoon visited
the Stock Exchange. He was intro
duced to the members from the Presi-
dents rostrum, and received with
cheers, when he made short speech,
stating in substance that he should
faithfully collect the revenues due the
government and apply them to the
working expenses thereof, and the sur
plus, IL any, to a reduction of the Ma
tional debt. Furthermore he should
institute economy in the department,
and all its operations should be open
to public gaze He closed by saying he
should endeavOr to administer the
- 1pPFnE1iT1D noi.
ness of the country. These remarks
were we'll received and had a buoyant
effect generally, especially on the gov
ernment bond market, where the speech
was interpreted as putting in force the
long neglected sinking fund law of 1862.
If Mr.. Boutwell, carries out the policy
announced to day, there is every reason
to hope for marked improvement in
finances in the future.
The annual election for officers of the
open board took place to. day, resulting
as follows: President, r. w, Martin i,
Jr.; first vice-Prestdent, Geo. Henri
quez; second vice.President, Jas.
Mitchell; Treasurer, A. v. B. Van
Dycke; Secretary, John Benjaman.
The money market is extremely easy
to-day, and the supply of capital offer
ing on call Is largely in excess of the
wants of brokers. Early transactions
were at per cent, but afterwards per
cent. became the general rate and
large balances were carried over
which could not be loaned at dis
count. The market is easier and
banks are now quite liberal with
customers on the street. Prime bank
ers' notes are more current and pass at
Sa10 per cent. Foreign exchange firm at
1O9Lsa1O9L for prime bankers bills at
forty days. The supply OF commercial
and bond paper is very small and lead
ing banks find difficulty In covering
their own with cheaper bills.
GoLD-Firmer; opening at 1881, and
closing at 134L, after selling at 134A /.
Rates paid for carrying 3, 2, 4, 81 and
per cent. This Increased ease In the
loan market is the result Of the Govern.
ment disbursement on account of cou-
pons, the receipts from Europe to-day,
and the sales by the Treasury. AT the
Treasury sales of gold to-day twenty
six proposals were filed, bidding FOR
IS, ,341, 900. The lowest bid was and
the highest 1S4 2-100. The amount
sold, one million dollars, was awarded
as follows: $25O.0O0 at 134 2.100, and
S234, 375 at 1874 1-IOO to Henry Clews IL
Co.: $4G8 $50 at 1874 1-100 to Tever d Col
gate, and 1919 at SlS4 1.100 to Under.
hill & Haven.
GOVERNMENT STocKs.-Bond market
strong during the morning and in the
afternoon there was a further marked
advance in prices. The quotations are
the highest yet made. The parties re.
Gently short have for some days been
| covering.
Coupons 'sl. 11S55a119; do. '62, 122a
1925; do. 'G4, 11Sa11SLS; do. '65, 119Na
1191z; do. new, 1165Sall63<; do. '67, 1l67{
all61s; do. '6S, 11611a1165z; 10.40s, 1osNa
10S9S.
SToCKs-The stock market during
the morning was active and excited,
with large speculative business and
rapid fluctuations in leading stocks.
New York Central fell from 174H to
I72k, while North Western and Michi-
gan Southern fell about per cent.
This brought out strong buyers and
prices for Central recovered to 1T376;