The Wheeling daily register. [volume] (Wheeling, W. Va.) 1864-1878, 1870-03-18
New York Money Market.


Further developments in regard to the
Wall street forgeries were the chief
TOPICS of conversation in financial cir
cles to-day. The losses of banks it is
stated will reach one hundred thousand,
and those institutions are quarreling
among themselves where the loss shall
fall.
There is a growing uneasiness in re-
gard to the new issue of gold certiti-
Gates, as they are not so well guarded
against alteration as the first certih-
Gates. To-day a number of brokers
were sending to their respective banks
memorandum of every check they
drew, so as to prevent certifisation OF
altered checks.
Another forgery has GENE to light, in
volving loss of $4,000 to a broker
firm. A person called upon Charles
Unger s. Co, with letter of introduce
ton from their Baltimore correspond.
emit, and gave an order for $40, 900 of
bends. The order was executed and the
bonds delivered in exchange for check
upon the Ninth National Bank, appa-
rentIy duly certified. 1t proved a
forgery. An unsuccessful attempt has
been made to pass an altered cheek of
King, Day g. Co., altered from $50 to
S6625 in q similar method. The swim.
oilers have not vet been discovered.
The Gold Room was scene of ANNA
ton and wide fluctuations this after
noon. At first it was reported that the
Ways and Means committee had post
poned consideration of the funding bill
until after the tariff bill is disposed of.
This caused an upward movement in the
premium which was checked and the
market afterwards turned downward by
the announcement that Secretary Bout
we'll was before the committee pressing
the majority of its members to report
the funding bill Immediately in the
original shape, including foreign agen-
cies and one per cent commission. Still
later it was reported that Boutwell, was
on the floor of the House pressing men,
bers to pass the bill.
The cotton market was quite ANNA
ted with o further rise in prices; low
middlipgs cold at 22tc on spot and 22e
for all months to the close of the cotton
year; middlings sold at 23tc on spot;
the advance was caused by covering OF
contracts by some weak bears who sold
cotton short close on to the lowest
point; short time since the rumors OF
failures among bears in Liverpool
stimulated the covering process.
MONEY-More active at SAD per cent
on call, the former on Government col
laterals. .
DISCOUNTS-Prime at 107a109.
STERLING-Firmer at 10sa1OSf with
few bankers willing to draw under a
higher rate; cotton bills had been
bought at 1913 and the supply decreas-
ing.
GOLD-The market was active with
strong mercantile demand; the price
was very strong in the forenoon, rising
frsm 112 at the opening to ll24 on
Washington advices unfavorable to the
passage of the funding bill; contrary
reports as shove noted carried the price
down to 112 at the close; carrying rates
5a3 per cent, the latter being the latest
rate paid. Clearances S42,OOO.OOO, rep
resenting yesterdays business.
GOVERNMENT STOCKS - Steady.
Coupons of 81, 114aal15; do 62, 1l0a
11Oi; do '64, 1O9a1O9t; do rs, 1094al09i;
do new, 103a106t; do ~, 109ba1O9}; do
'63, 1O9fal09i; 10-40s, 1055alO6; Cur
ency Skies at l12iall2s. The Assistant