The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-12-19
FINANCE AND COMMERCE.
oIFCs Vr THg EVENING TIrgrtru.
Mon lay, DCgombsr ~

orFcs Vr TIr gvESrye rurGrtru.J
M,niay, December 10
Last week closed upon a steady Stocl, Mark.
but IL was not an exciting one In any respcct
All parties are awaiting, calmly the action Of
Congress upon financial measures the recent ~
decisive news from Sherman, and the clase oft5e
usual holiday festivities, before beginning nc
counts for the fresh rise. Il is admitted. upon all
hands, that we are on the eve of great specr,,.
live excitement. The steady approach of old
WINTER with his frost aud snow, impedes great
army movements in Virginia; vet tho expens,s
OF inc war so on with undininished force, and
the bountfuncss Of the wealth Of the nation 1,ls
r,"uy outlet IN the thousand different expenses of
tue army In financial centres, large SUNS of
money are unused, awaiting the opening of
tue New Year, and prices of most of
Tie dividend paying securities, estimated by
tie price Of gold are very low, in fact, are lore,
than Tor ci#htton months past. This state of
bnalrs can no moro last than cloudy and stormy
Wea herr and wc shall soon have a sort of san.
'lrst OF speculative light which will cheer the |
""ndiu', inspire the hopeful, aud set the |
su''"erl Of bulls raging on 'Chtnse. Tne
III "u'1t sagacious are buying quietly nom.
'urA'y We 3 and before we eat our Jtnnarv
uouS ueoeu "'d the volume of stock trsnsac.
" 'n'" ~ g !" S'', bold and yenturesome IN
rs Preule',on' auu bling We venture this
q note Of it," ne r,,d,,,., 49, -, '',''
The Oil shares hav3 beeL manu-
first, by the explosion of tho .,., ,
bubble, which damaged good ~. TlI,ou' r'I'
souls, and made the public rather
stores; second, by the quarrel on Chop''u,
tween the two Boards OF Brokers, which o''
4. = |
In both rooms. Towards the close of the weeb
one Of these causes partially disappeared. It Is
stated that harmony is about being re.
stored among our noisy neighbors, brought
about by an AmicabIe proposition Of the "Od
Boa d ;" which has opened its doors, during the
earv morning hours, and also at the afternoon
'call' at 3 O'Clock, TO all the operators Of the
other room who arc can lidatcs for admission, OF
who are upon the h,fpay list This embraces
most of the active men Of the other TO olm, and
has turned the fl ,nk" OF the opposing forces,
and led TO large desertions and some Teugouit
swearing. The German operators, who ar
largely in the majority Of those mot invited,
and who are consequent y "lefs out in the cold
are not amiable.
This was brilliant piece cf strategy, and enti
ties the party who suggetted it TO high military
honors. Ii some of our generals would olJ
initiate it, We should soon have half the R31e
army under the Old ilg Some of the more an
bilious and dissatisfied plrts of the Old Boar
express a hope that ultimately a Public Boar
will grow out Of the present excitement, and tina
the movement now suppressed will yet bear ripD
fruit. We regard all such suggestions, however
as Boshl 1t is only throwing tub TO the whale
, Il sort OF pltung Of the bad boys on b
head ard promising them, if good, " ginger-breaC
for Christmas.
The facts are, that the outer works Of the "Inds
pendent Public Board have been carried, th
guns spiked, and the leading insurgents ar
+ prisoners OF war.
As 10 the other cause, the Walnut Island ex
ploson, there is an effort to clear tho ground 0
the dead aud wounded, aud to "put things ii
|, shape again" Parties have been up to the well
and have come back with fresh promises an
| more delightful prospects. They declare tia
".he well, ," like Mr. Reeds friends in Lehigh
"must do bgtter;" but in the face of this, vi
have published In The TELEGRAPH two cards
which throw cold water upon the project Mr.
Alexander G Cattell declines being known a
godfather to the bantling, and Nj j. c. Brow
states that he "was on the Island on the Sd 0
r December, and the well at that time was no
yielding fifteen barrels Of oil daily" This is
sad business. The first story was Of well pro
dutng "sx hundred barrels" which dwindle
down to "ffty," certified to by the officers OF tn
Company, and now comes Mr. Browns state
meutot 'dftoeu" Verify, IL reads Ike the boy
story Of "hflero thousand million cats, wlich
, under pa.ernal cross-ex animation, we're reduce
20 trO.
All this only impresses upon us the NOR
strongly the proprigty of the course we hav
urged in these columns, upon the really goo
OH Companies, a plan that a number hay
adopted, T. O., to set orth the true state Of thei
, properties in the public journals, V0uchel for b.
, the proper authorities
5 IL is not our province to estimate the value q
! the various oil shares and with the rage that ha
, set in no warning would, probably, be needed
I Speculation will go on, fools will have burne
fingers, and s sorts Of stories will float about tn
Exchange as to wondrous flowing wells.
Our readers can believe rs much, or as little, O
the various stories, as pIeases them, and no more
< There are quite enough Of them ahoat to Rllo'
. choice of a reasonable selection. EVeniftheWalnu
Island and some others do not flow pint Of oil