The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-09
FINANCE AND COMMERCE.
OFFICE % g,,lI raE Eysyyo rElsoa,rH, |

wednesday, November o.
The stool, Market yesterday afternoon ag-
sumcd a very strong tendency and a. the clsc-
ton promised to pass of quietly, those timId c,pi
talists who had boarded their money from fear
OF an outbreak in New York, relaxed the screws.
and money became gradually easter toEards tbrI
close OF business hours. In New York the Money
Market, owing 10 the action Of many Of the heavy
bankers was cramped during most OF the dav.
and sellers Of stock for cash we're obliged TO sub
nit to a concession Of ~ cent. on cash sales 70
effect their object On time and regular sales,
the market was strong all day. The late evening
prices from New York showed a rise Off 10 cent.
above the early morning sales, and the influences
Of the kilograms upon this market we're iustan.a-
ncous and electric. Towards the close strong
buyers appeared, and at p. NJ. the market was
very firm for the better class of railroad shares,
with firor in some Of the oil stocks. The mar
ket promises to be rampant tor the rest Of the
week.
The Stock Market opened firm this morning
with sales Of Reading at 6S3, but the telegrams
from New York quoting a higher market brought
in strong buyers, aud at II o'clock the stock was
selling at TO- with large transactions
Government loans are frmer and prices have
advanced, with sales of 5-2Os at lOl@lOl4 cou-
Pons of; new 5.2Os at l0l and 6s Of 1881 at l07,
an advance of
In Railroad shares there Is more doing, ana
prices have an upward tendency. Reading is ex-
cited, with large sales at 691(970i, an advance of
II North Pennsylvania Railroad sold at 80; Le-
high Valley at S3@Si; and Philadelphia and
Eric Railroad Bonds at lO6; $50 was bid for
Camden and Amboy; 673 for Pennsylvania; 4j4
for Little Schuylkill; 50 for Philadelphia and
Germantown; 81 for Emira preferred; lS for
Catawlssa common 39s for preferred; 32i fo1
Philadelphia and Erie; and 4S for Long Island.
Coal Oil shares are more active, and prices ara
looking up, with sales of Dalze to notice ut 9s(l
% Oil Creek at 6; Mineral Oil at q; Organic at
a; Irving at 74973i Noble and Delamlter a. o.
McClintock at 81; Egbert at 5s and Hyde Farm
atS!.
City Passenger Railroad shares continue duh,
and we hear of no sales. 3i1 was bid for Sorucs
and Pine; 90 for West Philadelphia; and l6 for
Arch Street; 20 was asked for Second and Third
and so for Tenth and Eleventh.
Canal shares are inactive but firm. 32l was bid
for Schuylkill Navigation common, 39l for pre-
ferred; "a for Lehigh Navigation; Is for Sasque-
hanna Canal and SO for Delaware Division.
There is little or nothing doing in Bank shares.
Manufacturers and Mechanics sold at 29l; 10
was bid for North America; $50 for Philadelphia
Bank; 40 for Girard; Sc for Corn Exchange, 40
for Union and 70 for Camden.
There is very little demand for Money, and tho
rates remain about the same as last quoted.
Loans on call are freely offered at 6@7 ~ cent
T. annum. Prime paper is scarce and quoted az
SOLO IT, cent.
Gold is very active this morning, opening &C
24j4; advanced and sold az 25l at IL o'cloeks
254l at IL; and PSI at 124 p. NJ.
PHILADELPHIA STOCK EXCHANGE BALEB NOV @.
Reported by Clarkson Co., Brokers' 3. Third st.