The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1893-07-13

Iug the furry in tho stock market to.
day, bank presidents and others occu.
pying positions iamiliarizing them with
current conditions unanimously agreed
that tue general situation has improved
and continues to do SO, There was
nothing in the financial situation Of the
country to produce such an unsettling.
At several OF the larger banks it was
said to-day that considerable amounts
Of icurrency had been received yesterday
and again this morning, One large
Broadway bank yesterday received
s5OOOOO in currency gold from the
country. Some Of tho gold was re-
ceiyed back from California. The
Fourth National Bank received $S4l, 900
in currency yesterday from country
correspondents, and to-day Its receipts
Of currency by the 6rst express delivery
amounted to SlS5,0O0, with lot more
in sight.
As an indication OF the easier condi-
tons prevailing, 1t was reported to-day
that many country banks were remit-
ting currency here and getting back
some Of their bills receivable which
they had rediscounted here three or
four weeks ago, taking advantage, Of
course, Of tho rebate in the discount for
the unoxpired time. At all the large
banks to-day it was said that the do
nands from out OF town customers for
accommodation were lighter than they
had been for weeks. The down town
banks still report scarcity OF currency,
but it is believed that the supply will
soon DO more than equal to the demand.
All the signs to-day, twas said, pointed
that way,
lhe oilers OF some banks to pay the
express charges on currency from the
country has had u very stimulating Of
feet on shipments to this city.
The sub.treasury was debtor for sew
eraI hundred thousand dollars to the
clearing house this morning for the first,
time in the last week, which showed
that the steps taken by the sub.treas-
ury officials to compel the bankers to
present their government checks for
payment through the clearing house,
instead OF over the treasury counter
iOr cash, has had the desired effect. 1t
Il thought that an unofficial intimation
BY the clearing house committee that
ltthe practice OF certain banks OF pre-
ienting government checks direct ut
the sub.treasnry for payment were not
stopped other and more vigorous steps
would be taken for that purpose, proved
to bO more etticacious than the sub.
trCasurer's payment OF tho checks in
gold.
Two or three cases were reported to-
day OF country banks, mostly in Penn
sylvania, coming into this market as
buyers OF commercial paper in a small
way, tempted there to buy the high
rates and the fact that they had the
money to their credit with their New
York agents The amount OF snch
purchases in the aggregate is not large,
but 1t is believed to indicate an easier
monetary condition In certain sections
Of the country, The Now York banks,
through whom these transactions were
contaminated, reported them gladly,
although 1t meant decrease In their
own deposits. Note brokers to-day re.
ported some buying OF commercial
paper by three or four OF the large
banks but not to any great extent: the
oanks, outside OF one or two well known
leaders In that class OF business are
sIill mostly continuing their dealings to
Ihelr own customers.
The condition Of the banks in phila.
Ssiphia was reported to be practically
unchanged, and New York exchange Is
only obIainablO in that city at u high
Premium, averaging about $3.50 per
SI,OOO Tho New York banks arGtreRt-
ing them very enlently aud not press
lhg them unduly tor payment.
,, Tho North German Lloyd steamer
tF"@Ys, from Bromen, which snllod
,iencG at 4 o'clock this afternoon for
New York, has on board gold to tho
amount Of SS25,00O.
j. and W. SOligman & Co. will ship
iI,WOW ounces OF silver, and HoskieF,
wood " 20. $4,000 ounces on tho stoam'
ssnlp Augusta Victoria, sailing for
Europe tomorrow. Nesslage, Colgate
x V9' sont out 1000 ounces on tho Ma.
leslic to.dRy.
Regarding tho silver question in tho
To'' tho president Of prominent
Iown'town bank received tho following
.o''er to-day from tho head Of loading
mercantile house In Denver, Colorado,
wuIch VIII has dealings throughout tho Sill.
In regard TO sllvor mining In this
siIa'o, viii say that we candidly believe
'No present situation has boon very
much exaggerated, and that rs soon as
'nS'a ,l1 rs any prospect for obtaining u
uvuulle price for silver grOat many Of
Out mines will 10 operated Oh as large q
sole as formerly. This wo say on tho
IippOsllon that the present prlCo Of
,'yer, say poyonty.iivo conts por ounce,
u reasonable price, assilvor costs very
"oatiy Ihis figure 10 produce.
lhc ialk and thrCata INDUCED In by
iuw tabId silverltOs Is, In our opinion,
,aAeh Too seriously In tho east, as tho
gu,up' who do most OF this talking
",',, '"to no credit or standing at home,
""u We 10 not sen amy raasOn why they
tUuUIU ln knIin,,.1 nl,...I ~