The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-10-22
FINANCE AND COMMERCE.
oYTIoR or TIE Evslrsa rnLnauAFu,
Saturday, Ocfober n.


The Gold Market was very much unsettled aIl
day yesterday, and prices varied every hour--tho
rise, however, was not at any time Significant.
The money article writer Of the New York nnss---
excellent authority by the way states that stocks
seem to have drifted away from gold, and prices
are no longer regulated by the fluctuations in tho
rate OF bullion. This was manifest yesterday;
and stocks, both in New York and here, Wera
strong, while gold was weak.
Reading under very large purchasas bv Aha
bulls, rose last evening TO 6ls, with heavy trans
actions. The near approach Of the dividend IN.
spires confidence in this security, and as the pro-
liability is that the dividend will be very leree.
our shrewd bankers are free buyers for invest
ment. There is no stock ia the market which
| promises such large returns for money invested
as Reading At its present figures.
At the Fifth Avenue Board, soldivss, strouS.
| by reason Of adverse news, and stories circu-
lated of the Army Of the Potomac going into
winter quarters, and the deferring Of active ops-
raitons until spring. As the oaayds we're greedily
| devoured, gold rose to 2ll1.
The Stock Market continues very dun, but
prices are steady. Government bonds are quiet
and there is verylittleidoing l0-4Ossold 95 1914
was bid for .52Os; lO5 for 1905 ana 1854 for s..
Of 1881.
In Railroad shares there is no material change
TO notice. Reading sold at 60I; Pennsylvania
railroad at 691 Little Schuylkill at 49, which is
an advance; and Mnehiu at 593; 50 was bid foE
Philadelphia and Germantown; 20 for North
Pennsylvania 20 for Lohigh Valley; so for El-
mira and Winiamsport; Is for Catawissa com-
mon, 364 for preferred; and 81 for Philadelphia
and Erie.
&c aa1Ig NJ.
MIA 5s at 93
City Passenger Railroad shares continue duh
Second and Third sold at 20; 264 was bid for
Girard College; SO was asked for Tenth and
Eleventh; SO for Spruce and Pine; % for Arch
and 80 for Green and Coates.
Coal Oil shares are inactive and prices are less
| firm. Densmore sold at 859s3; McElheny at 81;
McClintock at 6sG64; and Dazell at 81.
There is little or nothing doing in Bank shares,
but they are firmly held. 1863 was bid for North
Americas ll6 for Philadelphia 67 for Farmers
and Mechanics, which is an advance of 4; So foe
Commercial 20 for Mechanics; S5 for Western;
2S5 for Manufacturers' and Mechanics; so for
City 4s1 for Commonwealth; and 10 for Union.
Canal shares continue steady, but the transac-
tions are limited. Morris Canal common sold
at 97I; and Susquehanna Canal scrip at 90; ~
was bid for Schuylkill Navigation common, $50
for preferred; and IA for Susquehanna slnal.
The Money Market continues easy, aud the
rates are unchanged; loans on call are fteely
ofieredl at cory cent per annum; prime paper
is scarce, and quoted at 500 tR cent.
Satterthwaite's London Circular, of the 7th
inst, has the following in reference to American
securities We have but little business 70 record
in the London market for American securities
during the past week. the demand for both Gov
ernment stocks and railway shares having some-
what abated prices, however, remain steady, the
closing quotations for United StateSi Eve twenty
bonds and Illinois and Erie shares being without
alteration from last week.
PHILADELPHIA STOCK EXCHANGE SALES, OCT. n.
Reported by Carkson Co.. Brokers' Me- III g. Third Bt2