The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-04-19
FINANCE AND TRADE,

the imports and exports for 1869, show.
ing an excess in the former of $6S,OOO,'
600, assist the stronger tone Of gold.
When these figures first came from the
Washington bureau it was shown that
as the domestic product of gold for lSoO
was about $60,000,000, and the export
of American securities at least SlOO,-
100000, for the same period, the bal
ance was clearly in our favor. The
extra official announcement is made
with this report that the difference
of SOS, ,O00, 600 is due to the reduction OF
the value of exports by the premium or
gold. Now it looks as if the gentlemen
in the bureau were in league with the
gold gamblers. They first assisted the
decline of gold to ll0i by coming out
with the startling exhibit Of an equality
between the imports and exports
the latter being stated in
currency. Now, however, when
a "bull" clique has started to put up the
price of gold the Washington statisti-
clans come out with the discovery that
| our exports, when reduced to specie
value, are, sos, ,000 600 behind the i'm
ports. The fact suggests afresh the re-
Elections so strongly evoked by the rev.
elations of the gold conspiracy investi,
CATION, that most of the officials of the
land, in every position, are given to
speculation. The present movement is
devoid, however, of the formidable pro
portions of that Of September last, and
is, moreover, undertaken little too
prematurely to receive commercial as
sistance, as the stocks of cotton and pro-
duce now in our various ports are ready
to foat off upon a rise of one or two per
cent in gold.
COMMISSIONER DELANo is exacting in
come return now from every railroad
corporation or other concern paying
interest or dividends. He does it on
the plea that the terms of the law "be
due and payable on or before the Both
day of April in each year, until and in
cludng the year 1870 and no longer
covers this whole twelve month. Of
course this is an outrage, and he knows
it. Just preceding the words quoted
the law reads shall be levied on the
LIST dav of March" and this, as well as
the due and payable" is limited by
the year 1870; so that the levy this
spring is the last warranted. But if
Congress does not extend the time we
are curious to see what will he done
when January lst, 1871, comes. That
certainly is not covered by the law, and
his officers will have nice time then
collecting the tax.
SEVERAL of the daily papers have
fallen into the mistake that the House
refuses to continue, while the Senate
insists, upon continuing the income
tax for and through the year 1870. The
reverse is the fact. The House first
passed the joint resolution to so con
strue the internal revenue laws as to
continue the whole of the income taxes
through 1870. The Senate modified
the resolution so as to cOnfine its opera
tons to the tax upon dividends and
coupons for 1870. The House now
concurs with this amendment insisting
upon general extension of the income
taxes for 1870.
A New York letter says: Dry goods
dealers continue to complain Of the
backwardness of trade. Jobbers,
agents and importers all tell the same
story. Prices, however, are steady.
The frmer tone of the gold market has
had favorable influence on foreign
goods within day or two past. If
Congress would act definitely on the
funding and tariff bills, it is believed we
should witness revival not only in
dry goods but in every other branch Of
BUSINESS.
The Chicago Journal of the 18th says /:
Our leading wholesale merchants state
that trade in this city has never before
been so lively as during the past few
DAYS. Most of the firms are kept busy
day and night receiving goods and fill
ing orders from the country. The az
gregate sales in four prominent branches
of goods, at wholesale, for the present
week, will probably reach four millions
of dollars.
The Cincinnati Price Current OF April
18th says:
The weather has been mild, and the
greater portion of the week of a spring
character, and the effect has been quite
noticeable in the budding of the trees
and the fresh green of the trees The
temperature has been up to j0', and at
times at times as high as 72o. There
has been no rain Of consequence, and as
rule the days have been bright and
pleasant. A good decree of activity has
prevailed in the various departments OF
trade, and country merchants have
bought more freely and with more con-
fidence. The demand from the South
has been quite large.
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