The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1876-02-21
MONDAY, FEB. 81, 1876.

FINANCIAL ITEMs.-lt is now said that
the liabilities Of Peter Diehl, of Woods
field, will foot up 100000. He owes a
a small amount here in Wheeling, as does
another man, in Noble county, who re-
Gently failed for $4,000.
We notice in Saturdays n. Y. Tribune
that our old friend New, the present
Treasurer Of the United States, is spoken
Of Us Secretary Bristow's successor.
The West Virginia trade arc reported
as slow, just at this time, in the way OF
paying the jobbers. The complaint is a
want OF money.
Among late items Of news we notice the
announcement that the expenses Of col
lecting the internal revenue will be cut
down 81, 100000, or ubout 20 per cent, in
the coming legislative, executive and ju.
dicial appropriation bill. This is accom-.
plished by reducing the collection dis
tricts from 1Gl to los, abolishing the
supervisors and reducing the wages OF
gaugers and employs.
With Mr.. Blaine's help, Mr.. Kerr and
Senator Thurman are pushing the Demo.
Gratis, in Congress, TO changed position
on the currency question. Indeed, we
don't see but they are as far advanced,
now, as the Republicans were when Mr.
Blaine was Speaker, and probably they
could, to-day, be brought up TO about the
same currency legislation as that Of the
Republicans in the last Congress.
The "grcenback" movement takes in
the defeated inANtionist1, but abandons
initiation. Ils platform is national notes
in place of bank Independently Sen
alor Booths schemc,-and that scheme
ia author thinks would work contraction,
and establish our paper currency on the
gold basis. II will be hard to get the
faint and suspicion Of initiation off from
it, however; and it il likely to be some
time before this new form Of the currency
Undergraduates instead Of bank notcs
Gan get its full recognition and place in
the public mind.
The Boston merchants are discussing
"drummers" in the papers voting them 4
great waste and expense. But the drum.
mers evoke the rivalry Of New York in
their behalf, and claim TO sell Sl2,0OO,OO
Of goods in the West, Of which two.tlirds
would never be bought ut Boston, il they
didn't go aud hector people. The Boston
Transcript has one OF its wiId.eycd arti-
cles admitting that too much has already
been written to prove Boston great COM
mercial centre, but, nevertheless, gong
on in the old style to worry about New
York. The Idrertiscr remarks with sense
that Boston is Boston and not likely TO
Hat out in minute, ii not an other drum.
mer was ever sent out.
During last week, monetary and COM
merciul affairs showed no marked depar-
turc, for better or worse, from tue dull
rut in which all business has been trav-
cling so long. The list Of failures is not
quitesOIong Orso big in amounts rs Of late,
but is big enough to keep in mind the ne
cessity still Of careful sailing. The course
Of the general markets has been rather
downward than upward, except for hog
products, which are kept np. under the
continued predictionund growing cOnvic'
ton Of a short crop. The renewed for
eign demand for wheat and ilour, which
we noted last week, has all subsidized
again, and the poorer grades have settled
back SAB cents from the highest point OF
the late advance, with the prospect good
for even more marked decline soon
in view Of the near approach Of spring
and the large stocks OF poor wheats,
which are already becoming heated. ln-
deed, it is noticed that western owners
are already sending on orders to their
New York houses to sell these wheats
even at 2a3 cents under the current rates,
il sales cannot be effected without them.
The rates for money continue at former
figures, with more cash offering than
there il warrant in the present status OF
business for borrowing, and consequent
increased tendency to turn it into perma.
nent and safe channels. There has been
4growing demand for the registered series
Of government bonds, for the past two or
three weeks, which has carried the prices
Of them sharp up to those Of the coupons,
which have hitherto led by from l to u
per cent. Gold is little higher than II
week ago in response to some demand Tor
export. Tho foreign markets are report.
ed dull and feAtureless. The bank OF
England has gained ES70,0OO bullion on
balance during the week, and the bank OF
France ls,470,O0O francs.