The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1864-11-12
TPRICE THREE CENTS.
FINANCE AND COMMERCE.
OFTlCE uY rHE EVENING TELEGHAFH,
day, November ~.


The market yesterday afternoon recovered
from the depression Of the previous day, and
stocks were in more demand. 10 the New York
market the rally was quite sharp, and several Of
the Western shares advanced from 2 to 8 per
cent. Rock Island rose from iOi5 to lOj, and
Erie from lOl to 1903. Reading which was sold
down to 65l, rose TO 60l, buyer 30 bid, and
the feeling generally was buoyant.
The rumors Of peace, started Ia New York 10
affect the price Of gold, seem to have lost their
efficacy; for at the Fifth Avenue Board, last
evening the price rose again to 2i5, which caused
the whole stock list to st.fIsn, and the teegrams
quoted the market firm.
The Stock Market is rather dull and heavy thIs
morning, with the exception Of Government
bonds which are more active and prices rather
better with sales of . 2o5 a. lO28lO2L coupons
of, an advance Of Is 6s of 1881 at lOs, an advance
Of +; asd new 1905 at 994.
New City Gs are selling at l02.
Railroad shares are quiet and rather lower.
Reading opened tirmer with sales at 6gI, fell of
and sold at $780, decline of about /; Penusvl-
Yania Railroad sold at 6s, decline Of 4; Camdeu
and Amboy, l5O decline Of ! Norrstown, 5s4.
a decline Of and Minehill l6Oi, 455 was bid for
Little Schuylkill; 32 for North Pennsylvania; 81
for Lehigh Valley; 81 for Emira preferred; 40
for Caawissa preferred and 81 for PhiladelphlG
and Eric.
Coal Oil shares continue active, but prices aro
less firm, with sales of Organic at II DalEell at
%; Noble and Deamater at 9; Maple Shade,s
i2@43; Densmorc at SO; McChntock at 6sCg3i;
and Egbort at A.
City Passenger Railroad shares continuslalI,
with sales Of Second aud Third at 20; "a was hid
for Thirteenth and Fifteenth; "a for Spruce cud
Pine; 90 for West Philsdelphisi 10 for Arch,
which is a decline; and 26l for Girard College.
T. Bank shares are firmly held, but there Is less
doingi Manufacturers aud Mechanics sold at so;
l70 was bid for North America; 100 for Philadel-
! pha lA0 for Commercial; IS for Keusiugton; 40
| for Girardi 9lI for Western; s. for City; 35k
for Consolidation; AZ for Commonwealth; so for
Unioni and 20 for Camden.
Canal shares are rather lower, with sales of
Delaware Division at 363, which is a decline.
Morris Canal common at SO, and Lehigh Nayiga-
at 75.; 80 was bid for Schuylkill Navigation
common 800 for preferred; and IA for Susque-
hanna Canal.
There will be no second board to-day
There is very little doing in Gold this morning,
and the market is dull, opening at PA; advanced
! ut 2441 at IL 2i3 at y; and 243s at | Pm
The demand for money, as we have noticed for
some time past, continues limited. Loans on
call are offered at 697 per cent. per annum.
Prime paper is scarce, and quoted at S@lo per
cent.
We are pleased to notice, among the new hsne
| about establishing themselves in the Banking aud
Exchange business, that of Messrs. Harper,
Durncy & Co., No 55 S. Third street. These
gentlemen bring with them the experience &
years in their speciality and are highly reconp
mended by those with whom they have formerly
been engaged. They propose to pay partcular
attention to the purchase aud sale of OH Stocks,
as well as to the usual routine of Banking and
Brokerage.
We invite especial attention to the prospectus
Of the Oak Ball Oil Company in our advertising
columns. The property of the company Is one OF
the most valuable in the real oil producing region.
The board of directors is composed of gentlemen
Of the highest standing in the community, and Of
the largest practical experience in developing
productive and profitable oil enterprises. We
have refrained from alluding to the new oil con-
| panies in this column from want of knowledge OF
their location and prospects, but 10 this case We
feel that is simply proper TO call public atteu-
tion TO it, and to give our readers an opportunity
to investigate the subject for themselves. If q
fraction Of the results are realized that are eS-
pected by its managers, il will be one Of the most
valuable Petroleum establishments in the country.
A new banking firm have commenced busi-
ness at No. 80 S. Third street. under the name OF
McPhilips & Moelling. They will conduct every
branch of banking and brokerage in stocks, bull
lion, &c. They are gentlemen OF large expeTieno0
and are every way deserving of confidence 4
encouragement. 4
PHILADELPHIA STOCK EXCHANGE SALES, NOV :
fnnrL (. IA o LII.