The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-27
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TELEGRAPH,
Tuesday, March N. 1896.

OFFICE OF EVENING IELEGRApH.
Tuesday, March "a, 1856.
The Stock Market, as ee have noticed for
several days past, contin es very dull, with the
exception of Catawissa Railroad, which is the
most active on the list; about 1000 shares sold
at 2si@2ss for preferred; and ~ for common
do, no change; Reading Reilrord sold at 500, a
slight advance; Camden and Amboy at 100, an
advance of /; Pennsylvania at 564D66h no
change; Nor1istown at 5la, no change; and Le-
highYalley at 62l, slight advance. 30 was bid for
Little Schuylkill; SAG for Minehill; "a for North
Pennsylvania; % for Elmra common; 80 for
preferred do; 2Sl for Philadelphia and Erie;
and Az for Northern Central.
Government bonds are in demand, and prices
tending up. 7'3Os sold at 100, slight advance;
and 52Os at 1893. 9O9 was bid for lO-4Os; and
l044 for IS Of 1881. City loans are more active;
the new issue sold largely at 80.
In City Passenger Railroad shares there s
little or nothing doing. 73 was bid for Second
and Third; 5lg for Tenth and Eleventh; 10 for
Thirteenth and Fifteenth l2B tor Seventeenth
and Nineteenth; "a for Spruce and Pine; Al for
Hestonville; 25 for Glrard College; l24 for Ridge
Avenue; and 29I for Union.
Bank shares are firmly held at full prices. FOG
was bid for North America; lao i9f Philadelphia;
ia for farmers anf Mechanics "a Tor CONNER
cialj 80 for Northfn Liberties; % for Mocha
MICS; 81 TOR Penn Township; 80 for Girard; 76
for Western; 50 Pr City; 40 Tor Consolidation,
Canal shares aSe unsettled. Morris Canal sold
at "a; q was bid for Schuylkil Navigation COM
mon; 2S9 for preferred do; 52& for Lehigh Navi-
CATION; 1l5 for Morris Canal preferred; IL for
Susquehanna Cdnal; 35 for Delaware Division;
and 5S for Wyoming ValleyCanal.
Oil shares are dull aud neglected.; Ocean sold
at s.; Jersey Well at Z; and Sugar Creek at q.
The New York Herald this morning says:--
The Money Market is without change, the
demand for loans from the Stock Exchange
being promptly met at 5 per cent, while first
class commercial paper is freely discounted at
63@7 per cent The statement of the associated
banks is favorable, and there is every proba-
h'ity of prolonged monetary ease at this centre.
The legal tender notes have increased 81, ,093 1853
and the deposits $429,53s An increase of
$3.50, lao in the loans indicates little more
activity in the discount line. The specie has
decreased 81 ,O69 SOL owing to Withdrawals for
customs duties, and there is an unimportant de-
crease of $59,645 in the circulation.
The Cincinnati Price Current of 2Ist inst
gives the annual statement of the pork packing
liz the West. The total number OF hogs packed
during the past season amounts to 1,683,474,
against 2,45l ,Gl9 packed the previous season
showing a falling off of 1853, las hogs. The ave-
rage weight. however shows an increase of
81 LII lbs. per hog, which reduces the falling
off, weight considered, to 10000 hogs. The
weld OF lard this past season was also greater
than that OF 1864-5.
The Supreme Court of the United States has
VS.. The Board of Assessore of the City of Albany,
defendants in error, at the suit Of Adam Van
Allen, plaintiff in error and other cases.
The question presented was whether the shares
OF the stockholders in the banking asso-
Citations created under the acts OF Congress
which provide for the creation of national
banks can be subjected to taxation by State
authorities. Associate Justice Nelson de
| livered the opinion of the Court, holding that
shares held by individuals were not part of the
| capital of bank but must be regarded as per-
| sonal property OF shareholders, aud as such
subject to taxation by the State within the pro-
visions of the Act of Congress. But that the
| Judgment of the Court below must be reversed,
on the ground that there was dIscrmina-
| tion between the shares of these banks and
| the capital stock Of the State banks.
Chief Justice Chase read minority opinion,
| not being able to concur that a State had the
| power claimed, which was an Indirect mode Of
| taxing the national securities, which was not
| authorized, nor intended to be authorized, by
| Congress. In the cases of Cutting, Fisk, and
| others, the court hold that a broker is charge
able on purchase of securities made on his own
account and for his own benefit the same as
| on his commissions when purchasing for others.
| PHILADELPHIA STOCK EXCHANGE SALES TO- DAY
Reported by De Haven g. bro. No. 40 S. Third street