The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-10-08
FINANCE ANp COMMERCE.
oTricE or nIs Ey.v~e IsIsoslSu. 1

OFriCE OF 11fE EvHNnso TKIEanApu.N
5aurdsy, October
The efforts OF the bears, assisted and comgortH
by The IS, cesh" capitalists Of New York. 70 break
down the price ofraiw way shares aud create lnto
IN The msTket, have failed. The capt. lists Of no
loyal North have come to the rescue, and routed
The enemy as Sheridan did their allies IN the ield
horse, foot and Dragons IL is, as Me-. Chase
sSioE'a war OF exchequer as we'll as Of arms"
enu 'he battle RACES hot and high In Wall street.
No'or oeiore have such determined forces met in
| 'ua' nnHhcle' arena. But the enemy have been
uahkeu'and his columns are scattering
cav Tue ~ Y. Erening Post, Friday, Oct. IL
| Inc financial strength Of this canary aad
is 7. pa recuptratiVe power have received 4 svnal
niustia,9n duing tue last two days; Tor, not
| Wilhs'ahding the severe pressure add im,nehsa
| yosses Incident 70 the recent panic the 6rm c,s-
hucnce OF Tue people, bUth ia Governmsnt ssctiSI-
tes ahG w. Tue best railroad stocks is hibi ein
| the Stock Exchange. - P''N'' -
This is the whole story. The North WITH m.
sources unimpaired and courage und,m,ptsbes1.
brings its capital and men boldly to the f,oat.
and the staggering blows now admlnissersd N
both fields are forcing the death-cry from tAe
Rebels, as Is fully shown Ia Jef. Davis aak
speech and dying confession at Macon, Georgia.
yesterday published.
The excitement in the Stock Mlrket yesterday
afternoon exceeded anything we have witnessed
for long time. The Reading shares openoi As
62t here and at 62d in New York, and at o'cloax
the priceiwRs 603--the bulls having lot the market
down, when the bears came 10, in both marksts,
as free sellers of stock. At O'Clock the stock
was selling again at Gig, with an eager demand.
This is very pretty tight as it stands, aud
perhaps never before we're parties 80 determined.
The capital invested in the strife Is enormpas.
and the battle wakes fercer each day. IL Is q
Well-contested combat, in which all the skih of
the antagonists Is taxed 10 the uttermost, md
all sorts of strategy is employed in the gi.ns.
The public look on In amazement, qasa
bewildered with the rapid changes. Oaa
old gentleman, who had long been on Change
as an operator, said yesterday that "It
was enough to setany body crazy" Indeed, auy
one not accustomed to the scenes of yesterday
might suppose that "malness really rules tho
hour" But there il method in IL for all that snd
our readers win see, the contest goes on, t:at
the real strength is on the side OF the bulls, Who
have all the patriotic capitalists on their side.
After the election is over the grand fght will DO
fought, and we shall have rise that will as,0n-
ish "the oldest inhabtant" of the Stock Hx-
change, and settle forever the efforts of ,ho
secesh to create panic and confusion in our NOrah
ern markets. ...l..It DIP
The market opened unsettled, the New ,rk
bears free Sellers marking the stock down in thns
market to 59d; at noon tho market rallied, and
the stock was in demand at col with a snffD
rally. In New York the great movemen. wiz
commence after Tuesday next when tho election
excitement is over. af.T
Government bonds continue very quiet Wa
quote 5-20s at i0ll(010l3, coupons on, and Ga of
1881 at 1O5@l05t. 9
Railroad shares are less active with sales ~
Reading railroad at 59l@60; Cltawissa preferred
at 81; Northern Central at 81 and PHILADELPHIA
and Erie at 80; ljl was bid for Camden aud An-
boy 6Si for Pennsylvania; A for Little Sch7yL,
kill ; 5S3 for Minehill; II for Catawissa commonly
and Az for Long Island. Usa..l rs
Coal Oil shares arc. dull aad lower. McCAH-
tock sold at 50 Densmore at S1(lSl; Dalzeil as
81 and HcElheny at 81.
City Passenger Railroad stocks continue yorv
dull, and we hear of no sales. al
In Bank shares there is lttlo or nothing 9Oag-
lG3 was bid for North America; 1856 for Pbil,oeI-
phia; 81 for Commercial 20 for Mechanics "A
FOR Grard 81 for Western; 2s for Manafao-
urers and Mechanics; and 464 for Oommsn.
wealth.
In Gold there is moro activity this morning.
but prices have declined 3(94 per cent. since l,sk
evening; opening at 203, advanced and sold ak
l04 ut IL O'Clock; tell Off and sold at 21tK
At II and 1891 at l2l. The rise during the lask
few days was ascribed to unfavOrabc news from
The Army OF the Potomac, turned Ous TO bo
mere rumor. r.I 0fl 10
STOCK EXCHANGE SALES. o-SAsL
by glarhsOn 90. Ma q Ths.,t