The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-08-30
FINANCE AND COMMERCE.
Or1cS or rus Evspmo TELse1aru,
L.---aAa. L-....a "a 1


TIE Stock Market is rather quiet tbis morning,
bat good securit,s are stead In Government
bo ds there is les doing, aud prices are rlther
lower 6.o0s 20 d at llOI@ill, and &c, Of 1881,
at 100 7'aOs are quoted At no.
There il not much doing IN Railroad shares,
but prizes are without any ms,erial change.
Readn sold at COS pennsy lvania, 74i Little
schuylkill a. Ca'awis.n Preferred, Az Niue
hill, 62R a. d n rtb Pennsylvania Railroad bon ia
At 1903 As was bid Z = Log Island, IS for Ph.la-
dclphia and Erie, 80 for North Pennsy lvanit, and
u for CNtawissa common new Ci,y {, are selling
At lC6.
Coal OIL shares arc dull and prices ars rather
lower, with sales " Mineral Oh 90 nO,i,c at q :
Dallell At ll5i NJ Cnntock At 7; and Perry at g.
City Passenger Railroads arc duh at aDJut
former rates. so was bid for Tenth and Eleventh
6s tor Chesnut and Walnut; 23 for Arch anl 81
fr Green and atos.
Bank Shares are hrm, bat there is little or
nothing doing; l63 was bid for North Amsric
1870 for Philadelphia; cit for Farmers and No
chanic,'; 50 for Commercial; 2sA for MschAnic4'
| 2S for Msnufac'urers' aad Mechanics, And al
for Comm, nveath.
There !, no change 20 notice In the NJ lney
market. Lolns aye plenty on call At c per o5nt
per annuw hest paper at from 7@9 per cent
There ia more doing in Gold. sad prices have
again declined, opening % 2}6a fell of aud sol /
at 233 at II o'cloSAi 2314 az IL, and 1884 at
l21 O'Clock.
A despatch from Washington this morning
says The subscriptions 10 tho new loan, as re-
| ported At the Treasury Department yesterday
amounted to S555 900, and 70 the l0-40 loau
to S4l3,0O0. The subscriptions 10 the new 73C
loan to dale amount to S25,s76,5OO
The National Bank Note Company Is now fur.
nishing SO 100000 daily of bonds for the conser
sion OF the 1905 due in August and October, 1854
THB PROPosBD @ BRNAN LOAN TO oUR GOvgus
| AENr OF ONE THOUSAND MILLION DOLLARS -
| A New York journal says:-It was de
! sired by Secretary Frssenden that the prOpOsA
| received from Hamburg for loan OF one rhou
| SAND millions should be kept quiet for unIe
but rs it has, hotwi hstanding, been made pa )lic
| both here ana in New York, there u no i'm pro
pTiety In stating the fHcts. The terms upon which
| it is proposed To make this loan are considered
very advantageous, and IL may he stated that they
| meet with much favor from the Government ItlS
proposed that the loan shall be for seventy five
yeHrs At an interest OF three per cent. The paw
ments are TO be made twenty per cent In coin,
ten per cent. IN United States currency, anl
seventy per cent. in outstanding obligations Of
the Uuited States. IL Is proposed 70 dispose of
| the whole amount among the people Of the con-
| unent OF Europe, on the principle of preA,uni
OAns, the principal To he reimbursed TO the Iders
curing the lastiorS five yeaT Of he term, in go Ia
| semi ANNUAL inNtalments, the Government p lag
the cnrrent interest, prcmiums, and prin Up H.
| which would require but hfty millions per anu In
during the term of the losn-seventy- hve years
| Ii has not yet been decided whether this lOil
sbali be accepted. IL will, of course, require al
act Of Congress to complete the maltrr, a'
| twenty y ears bonds ara the longest that eau
bo issued under existing acts. There will be
no difficulty in obtaining the necessary legis-
lation should the loan be accepted, aod
| i,s effect upon The finances of the cDu1ry
will he i'm mnediately apparent, aS II viii at on
| cteate n demand tor Government seaurities VhWh
| will enhance their value, aud enable the Ire l.
| suIy to dispose Oi a sufficient amount, upon al
| vantHreuus terms, 10 supply It's necessities. |,
| VIII also withdrtw from circu alton 4 hundred
millions OF Preenbacks, which will, Of coursj
| diminish the difference in value between car
| Iency aud go d. Il may he regarded as ne rly
certainty that the proportion will be acce pc !
IL is leliev,d hat il vii result In an early retarI
IV specie payments.
| YHlLADELPlfiA STOCK EXCHANGE SALES, Auo. 30
8opUrGu ClarH-On 70, BROKERS' Ne. l9l y. Third