The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1877-06-26

BuSlneSs Notes.
President Isaac II. Patterson Of the 81.
ClairSville Narrow Gauge informs US
that his road Is Shipping wool on through
bills Of lading from St. Clairsville to the
Eastern cities, and at rates entirely sat.
i,factory to shippers.
The receipts Of the Street Railroad last
Saturday were the largest OF the season.
viL-S92O. The company have not yet
let out contract for building their pro.
posed stables corner Of Water and 49d
streets. They desire to dispose Of their
present property in Centre Wheeling be.
ioreldoing SO.
Over $4,000 Of the cilys G per cent
bonds have been placed. The Exchange
Bank has taken $40, 900 OF them.
Poor'S railroad figures for 1876 show
the following comparisons:
GroSs earnings. Net earnings. Dividends.
si9I 2Si 90 SlS6, IS2 90 Sos 0J9 600
ls7S."...... &c. 601,O6jOgO ISS6(G,Wd HTgtOOG
ls'S.........- S3,il9,eOo iSS,siOtoO 61,l2O0OO
While the gross earnings have fallen of
nearly sSO,OOo,OOO since the highest point
reached, the net earnings have been pretty
well maintained. The present year,
however, will show a greater reducti on
in dividends. Since 1878, the mileage
has increased from G6,9S7 to 7S,5OS miles.
The added 1000 miles count for nothing
in the earnings.
The new government per cent bonds
meet only a very Indifferent reception as
aPOpular loan. There is no local move.
ment to subscribe, and the whole popular
subscription reported at Washington,
after the bonds have been a week before
the public, is about Sl,lOOOOO, most OF
which comes from New York. The
treasury officials under this enlighteu.
ment do not anticipate more than S..
100000 popular call. Probably the
banks, however, will yet take some nil.
lions to place on deposit with the treas.
urer at Washington, instead Of and G
per cents.
We are indebted to Mr.. Hull Quarter
for table showing the variations in the
price Of the leading Dry Good Staples
from 1865 tolS77. Brown Sheetings sold
in the former year at S. which now sell
at cents. Cotton has fallen from so
cents per pound to III; De LANES from
IS to Is; Merrimack F Prints from 80 to
S; Machine Spool Cotton from $40 to
% cents; Corset Jeans from IS to S; New
York Mills from Go to l2I.
4 Baltimore journal estimates, on the
last report OF the Interior Department,
that 1000 new farms were opened last
year under the Homestead law alone, and
$500 more by purchase from the govern.
menI. The annual products Of these new
farms in the Far West is estimated at
2O,O00,OO0 bushels Of wheat, 100000
bushels Of corn, and 100000 swine and
cattle.
One Louisiana bond will buy two Ten.
nessee bonds Of the same denomination
and rate Of interest. Let some Demo-
cratic politician rise and explain. An
able Democratic newspaper will be heard
on the subject, il it has anything to say.
The Boston AdreTtissr, noting the finan-
cial and trade situation OF the country,
remarks that, since March, 1874, there
has been contraction Of currency to the
amount Of SG$,O0O,OOO. Still, money
seems 10 be as abundant now as then,
and easier to borrow on good security.
Call loans ranged from three to five per
cent in the New York market in March,
1874, they are now at one to two per
cent. Mercantile paper, which was then
at five to six and half per cent, is now,
for the same class OF paper, at three to
four aud half per cent. The annual in
terest charged upon the Government is
S5,OO0,OOO less than it was in 1874 and is
soon to be further reduced. On the other
hand, the purchasing power Of the paper
money, either in gold or in goods has
been raised. The workman's wages wall
to-day buy more beef, or cotton cloth, or
house rent than three years ago.
With currency steadily improving in
vahe, and the addition OF vast crops 10
the markets Of the country, the day OF
sOlid'grOwth and prosperity can not be
far Of.
Mr.. W. B. Simpson, the wholesale dry
goods merchant, takes cheerful view OF
commercial prospects hereabOuts from
this time on, He thinks that the receipts
for wool and grain will, as general
thing, let the farmers Of this region out
OF debt, and enable everybody dependent
on their prosperity to pay up and square
of. The farmers have been going slow
for two years past, buying very little and
practiciug close economy in order 10 get
out Of debt, and this year promises to let
them out. 4 large amount Of MONEY
more than was anticipated-has already
hean roaliya1 S.o,, ,-o.l
POIITIUAL NOTES