The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-25

fcrvor Of the sex, they are impatient Of delay,
and care nothing for the price, so that they can
become, at once, the happy owners of the coveted
shares. We fear that many Of them will awake
from their delusions 10 find that they have made
very permanent Investments that oil stocks are
very trcacherous as well as very slippery affairs;
and are very dangerous things to fix their afEec-
tions upon. In oil stocks, as in lotteries, We all
hear Of the lucky man who draws prize, but
the thousand and one deluded mortals who fritter
away their means Of living Ia a continued and
forlorn chase Of the blind goddess, never have
the honor Of favorable mention In the managers
advertisements.
Il Is stated by gentlemen who have visited the
oil region that millions Of dollars are being ex-
pended In experiments; that derrieks stand 60
thick through that country that they look like "a
forest OF masts;" and that thousands Of augurs
are tormen,ing the bowels Of mother earth in
vain search after her secrets. Many OF these ad-
venturers will grow rich, but vast army will
come home sick and disheartened, and win leave
their derricks standing as mementOes OF their
folly, and monuments to mark the graves Of hum
! dreds Of thousands of greenbacks. The shrewd.
unscrupulous men, however, who waste no tlma
in boring, but hoist their derricks on the Stock
Exchange, and sell their certificates while thu
fever is at its height are, probably, making more
out of oil than the legitimate and honest ex-
ploTers.
Government bonds continue very firm, with
sales of 5-2Os to notice at l0i39l05, which is an
advances and 6s of 1881 at llO3; coupons of,
1884 Pennsylvania IS are selling at 943 and new
City Gs at l02.
In Railroad shares there Is very little doing,
but prices are steady. Camden and AmbOy sold
at 1852; Pennsylvania Railroad at 67 Minehill at ,
90; and Philadelphia and Erie at 3l5, an advance
of 9 80 was bid for North Pennsylvania; 81 for
Elmira preferred; l6t for Catawissa common,
$50 for preferred; and 6Si for Reading Railroad.
City Passenger Railroad shares continue very
dull. 261 was bid for Thirteenth and Fifteenths
3is for Spruce and Pine, decline of i; Sc for
West Philadelphia; 10 for Arch 10 for Race and
| Vine; and 26 for Green and Coates; 70 was
| asked for Second aud Third; 40 for Tenth and
Eleventh As for Chesnut and Walnut; and q for
! Grard College.
Coal Oil shares are inactive and prices are un.
settled, with sales Of OIL Creek at $500; Dalzel
at 9l@95; McClintock at 81 McElheHy at 81,
an advance Of !; and Cherry Run at 3OI, an ad-
vance of !.
Bank shares are firmly held. Farmers aud
Mechanics (cld stock) sold Iat 70i 1853 Was bid
for Philadelphia Bank, an advance OF 4; l4l for
Farmers and Mechanics so for 0irards
40 for Consolidation; so for Union; and so for
Camden.
Canal shares as we have noticed for several
! days past continue very dull and rather lower.
| SO was bid for Schuylkill Navigation commons
3sS for preferred; 1870 for Morris Canal preferreds
! l43 for Susquehanna Canal and 36l for Dela-
ware Division.
Gold has declined about per cent. since We'd
ncsday evening, and the market is dull, opening
| at 22O; advanced and sold at 222S at 10 o'clock;
| fell Off and sold at 2l9 at u; and 2l7a at l24.
| Market weak.
! PHILADELPHIA STOCK EXCHANGE SALES, NOV. 25.
Reported by Clarkson Co.. Brokers' No. l2I s. Third St.