The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-10-27
FINANCE AND COMMERCE.
OFTIcE OF rn EvEsrHa TELEoRAPH,
rhursday Ocfobar a.


The bears in Reading had, yesterday after-
noon, a taste Of the punishment In store for
them. Several leading banking houses had large
orders for Reading stock, and "put them
through" without any regard for the feelings of
the shorts, whose visagcs we're rather blue.
About 5000 shares were taken from the market at
prices varying from 6ll to G3l, the market
closing nrm at the latter price.
Yesterday Mr.. McCalmont, the largo holder,
on English account, of Reading stock aud bonds,
converted S20)O,000 of tho bonds into stock,
showing his appreciation Of the value of tho
shares, and proving concusiyely that the stock
holders are, once more, about to receive some
justice in the way Of dividends from the manage-
ment. This news came on Change about noon,
andthc demand for the shares exceeded anything
we have seen since last April when the stock was
marked up to $50 per share.
The Stock Market is steady this morning. but
the transactions are limited. Government bonds
are all frmer, with sales Of 6s Of 1881 az 1881,
5-2Os are quoted at 1Ol !, coupons off; new do. at
1908, which is an advances and 7'3Os at 1881,
which is also an advance.
Railroad shares are dull, with the exception OF
Rcadiugw continues excited and very strong,
with sales at 63i@G3I, an advance Of Little
Schuylkill Railroad sold at 45l0f6; 69i was bid
for Pennsylvania Railroad; 80 for Philadephia
and Germantown; % for North Pennsylyania;
50 for Elmlra preferred; lS for Catawssa COM
mon 37f for preferred; 81 for Philadelphia,
Wilmington aud Baltimore; and 81 for Phila-
delphia and Erie.
In City Passenger Railroad shares there Is
rather more doing. Spruce aud Pine sold at "a,
and Girard College for 26l p was bid for Thir-
tcenth and Fifteenth l6 for Arch Street and 20
for Green and Coates 20 was asked for Second
and Third.
Z Coal Oil stocks continue inactive, but prices
are steady, with sales of Mineral Oil 20 notice at
2 Noble aud Deamater at IL McChntock at 81;
and Densmore at 81.
Bank shares are firm aud rather better, with
sales Of Mechanics at 201; los was bid for
North America, which is an advance; 20 for
Farmers and Mechanics, an advance; 20 for
Manufacturers and Mechanics so for City; 3S
for Consolidation; As for Commonwealth and
90 for Corn Exchange.
4 There is more doing in Canal shares, with
LARGE sales of Schuylkin Navigation preferred at
81, an advance Of Z, and common at 20; 76 was
bid for Lehigh Navigation; 0S for Morris Canal
common; and Is for susquehanna Canal.
Inc money Market ID "ltuout CndnBei anu tne
demand is limited; loans on call are freely
offered at 6@7 u cent per annum; prime paper
is scarce and quoted at SOLO tP cent.
Gold is less active this morning, and prices
arc unsettled, opening at 2l5t at 10 o'clock, fell
off and sold at 2lis at II, rallied and sold at 2lI
at u, and 2l6l at l29.
despatch from Washington this morning
says the subscriptions to the seventy thirty loan,
reported at the Treasury Department for Monday
and Tuesday, amounted to S65I70O. The last
report of the Commissioner of Internal Revenue
shows that the income of the Government from
internal taxes is about Sl6OOO,0OO month, or
nearly S200,000,OOO.
PHILADELPHIA STOCK EXCHANGE SALES, OCT. 27.
l. y M.