The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1870-07-13
Commercial andaFinancial.
U. s. Bonds. Congress and the Ma.
.ugs.l ND tional Credit: ~. =.

HfW4!f Htl .sf ttOuu1 NEc04SS 4itst.H N - "
ifg Ffom Tie Philadelphia LEDGER. e.
The Government bond market in the
main ruled nearly steady last week. not
withstanding the several exciting subjects
Of unusually large sales of gold and pur-
Chuses Of bonds by the Treasury, Of very
exciting legislation in Congress on the
currency and other financial issues, and
the equality disturbing influence Of 70
ports from Europe threatening war. Not
withstanding all these matters Govern
ments fluctuated very little In prices The
operations Of the Treasury have lett scarce.
" a ripple on the surface. Gold and bond
prices are within very small fraction oi
what they were a week ago Tho ciir'
rency bill IN the same week has become a
law, and the money market is unchanged.
The banks feel that they are Sh0rn ol some
Of their former profits, but arc not mate
rialIy hurtAat least not enough to
produce such a change In their
business as toaffect the prices Of bonds or
Of any other description Of stock securi.
ties. And as TO the threatened war,which
some few professional stock operators 'at
New York and elsewhere have attempted
to blow into some importance, 1t Is likely to
pass without effects, the mere sensation Of
q day. None are seriously alarmed, for II
appears 10 bc concluded that Prussia
would not run into war upon the mere
point Of finding throne for one Of Its
Princes, and especially when there Is
great uncertainty whether his candidacy
would be acceptable to the Spanish peO.
ple. And were trouble on this point to
ensuc, why should American securities
suffer? Being outside Of Europe or the
quarrels Of the nations therein, why should
not our national advantage in this respect
tend to strengthen the public credit and
thereby commend our securities tOgrcat-
or favor with capitalists as compared
with The securities Of nations more
likely to be embr0iled in war;
European complications arc not like
" to work to the prejudice Ol Amer
lean credit. What Is more likely to
prove detrimental in that respect fs I'M
wise legislation at home; but, fortunately,
that danger is daily lessening. Congress has
anDointed TO adjourn this week, and It Is
ardently desired that It may not rcconsid-
or thcIf conclusion and remain longer II
members could 1Icar the talk in business
aud financial circles everywhere, that
body would not think for a moment Of ex-
tending its session. "Congress Is running
our business" "We haven't done any:
thing for two months, and won't till Con.
gross adjourns." "Itwould he better for
Tie country IL Congress did not meet
again In three years" Business won't
revive until Congress adjourns.
&C., arc among the many Cx-
preasibns Of dissatisfaction which arc
almost constantly heard For almost the
entire year the financial interests Of the
country have been disturbed by the intro
dnctiOn of absurd measures, and by the
doubt and uncertainty attending the
Funding, Currency and Tax bills, the
best interests Of the country will he IA
vorcd by an early adjournment OF Con
grtss, and the public credit will improve,
as II believed will be shown IN the Ad'
vance in the price Of government bonds,