The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-06-26
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TELEGRAPH,
Tuesday. June 26, 1856, {.

tuesday, June 70, 1890. y
The Stock Market was rather more active
this morning. Government bonds continue in
good demand at full prices. 5-2Os sold largely al
from 1O2t@lO3b, and 6s of 1881 at 11O4 an ad.
vance OF 1. 96t was bid for lO-i0s and 1929 for
7'3Os. State and City Loans are in fair demand
Pennsylvania 5s sold at 92t; new City 6s at 96l,
ae declin of /; and old do. at 93s.
In Railroad shares there is very little doin g.
Little schuylkill sold at 80, no change; Penn.
syvania Railroad at So, no change; and Cata-
wissa preferred at 255, a decline of /; 1872 was
bid for Camden and Amboy; 55f for Norristown;
54@ for Readings 56l for Minehill 3sl for North
Pennsylvania; 624 for Lehigh Valley; 43 for
Elmira preferred; SOa for Philadelphia and Ere
and 43 for Northern Central.
City Passenger Railroad shares are withou
change. Spruce and Pine sold at 80; ss was bid
for Second and Third; 60 for Tenth and Eeventh;
% for Thirteenth and Fifteenth; 60 Tor Chesnut
and Walnut; lsl Tor Hestonville; and l3 for
Ridge Avenue.
Canal shares continue quiet. Lehigh Nlviga
ton sold at $40, a decline of }; and Schuylkill
Navigation common az 265, no change. 33l
was bid for Schuylklll Navigation preierred
100 for Morris Canal preferred; and IL for Sus-
quehanna Canal.
Bank shares are firmly held at full prices s.
Philadelphia sold at 142; 14O was bid for First
National; 223 tor North America; 124l for
Farmers and Mechanics; 54 for Commercial;
305 for Mechanics; 80 for Kensington; 50 for
Penn Township; SO for Girard; 65 for City; 50
for Commonwealth SO for Corn Exchange, and
5S for Union.
Oil shares, as we have noticed for some time
past, continue very dull. Ocean sold at 6@64,
the former rate decline OF !.
Gold was more active this morning, at an
advance-opening at l543 advanced and sold
at l55 at 10 o'clock, 1853 al IL, l56 at II Nj,
and 1868 at l P. NJ, an advance of Il on the
closing price last evening.
The New York Tribune this morning says:-
'"The recent elections held by the Milwaukee
ana Prairie du Chen and NJ lwaukee and St.
Paul's Railroad Companies, which have put the
management OF these properties into the hands
OF the st. Paul people, completes what was known
as the Pralre du CHEN corner 1t was not
corner at the commencement but control OF
| the stock was obtained by the st. Paul people
| Tor the purpose OF stopping system OF manage
| ment BY which the two roads used about $500,0
annually which should have been used TOR div.
| dends. Many operators in Wall street, who had
no idea that the Prairie du Chen road was so
valuable in connection with the II. Paul, sold it
largely short, and were badly punished. Some
OF them might have been ruined II the st. Paul
people had been so disposed: but instead Of
| taking the last money from The bears, most
liberal settlements were made with parties who,
| we're the cases reversed, would not have been
| indulgent."
The New York Times of this morning says =
| "The new Tariff bill is reported. but nothing
is yet known as to when its provisions are likely
| TO take effect private telegram from Wash
| ington intimates that the bill will not get
through both houses of Congress in season to
| take effect before the first of August. This was
! the course of legislation in the summer of 1862.
| The new bill of that session was not perfected
| in time for the 1sI July, and ii was therefore
| made to go into operation the lst August follow
| ing. 1t is possible, however, that the action of
| Congress may be fastened on the present occa-
| SION, and we give the above telegram only as a
| rumor.h
| The New York Herald this morning says:--
| ''The money market is slugglishly easy al 46i
| per cent, the lower rate being the prevailing
| one to tirstcass borrowers. The wants OF the
| Stock Exchange, owing to the dulness of bust
ness, are limited, and the supply OF capital seek
| ing employment is therefore in excess of the
| demand. In the discount line trst-class COM
| mercial paper is taken at 50D6 per cent, with
| exceptions at 607 for long dates. The state
| ment Of the associated banks for the week shows
an increase OF 66l, ,2l4 in legaltender notes. of
ST. 1876, ,26l in loans, and S697 5l8 in circulation
| The deposits have decreased SAG, 1888. owing
| mainly to a light drain West ward to move the
| wool crop. The specie has further decreased to
the ext ent of So, 209, in consequence of the
| custom and export demand, and the balance IN
all the Clearing House banks is now reduced to
| SS,5O4,0 4,096."
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
| RenOrfad hv De Haven brO No 40 & Third atnaaf