The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-23
FINANCE AND COMMERCE
OFFICE OF THE EVENING TELEGRAPH,


There was a fImer feeling in the Stock
Market this morning, but the transactions con-
tinue limited. In Government bonds there is no
change to notice 1905 sold at 99&@995. 1881
was bid for 5-2Os; 1O4s for 6s of 1881; and 9O4 for
l0-40s. State and City loans are unchanged.a
The Australasian brings financial dates to the
close of the 10th inst. Monetary affairs were
unsettled by the failure of the London Loan AMI
Discount Company, with very heavy liabilities
the occurrence having seriously affected the
value of the large amount of shares of limited
companies organized recently. 5-2Os were quoted
at 7O4. At Liverpool cotton was buoyant at 10
Gll94d. Mcssrs. Satterth waite's american Osrcu
tar says:-
since our last dealings in the London market in
American securities have been IN o somewhat limited
scale. Tow ards the close OF last week there was q
Srong disposition to buy United States 20 bonds
and on Saturday,, pror to the arrival of the news
per AuStrdidSidn they were brought up to II, but
n RS%a% Un 0 Sye
sympathized in this downward movement Illinois
shares closing 7729T8l and Eries, 532d544. Atlantic
and Great Western Debentures continue to be
pressed tor sale, but at anything under 80 Dupers ap
pear to come forward pretty resly. Small bonds of
9100 each command S0G81.
Railroad shares continue the most active on
the list Catawissa preferred sold at 2sj@29,
the latter rate an advance OF 4; common do. at
%, no change; Reading at 5O4@5l a slight au
Nance; Camden and Amboy at ll78, an advance
OF J.; and North Pennsylvania at SO, decline
of l. 55f was bid for Pennsylvania Railroad;
2( for Little schuylkill; 81 for Norristown; 54l
for Minehill 81 for Lehieh Valley; 27 for
Tlmira common; 80 for preferred do; 2sa for
Philadelphia and Erie; and A for Northern Cen
al.
In City Passenger Railroad shares there is
very little doing. Hestonville sold at AZ, an ad-
vance of !; 40 was bid for Fifth and Sixth; l92
for Thirteenth and Fifteenth; 81 for Spruce
nd Pine; % for Girard College; l24 for Ridge
Avenue; and 80 for Union.
Bank shares are in good demand at full prices.
,lechanics' sold at 2s8; 2O6 was bid for North
America; lao for Philadelphia; l24 for Farmers
aud Mechanics' 81 for Commercial; 80 for
lorthern Liberties; 100 for Kensington; 81 for
l nm Township; 5S3 for Girard; II for Western;
| G2 Tor City; 40 for Consolidation; 63t for Corn
| Exchange; and Sc for Union.
In Canal shares there is very little movement.
| 20 was bid for Schuylkill Navigation preferred;
! 50 for Lehigh Navigation; ll5 for Morris Canal
| ireferred; l3t for Susquehanna Canal 34t for
! delaware Division; and So for Wyoming Valley
! anal.
Oil shares are dull Ocean sold at 7, an ad.
vance of on the closing price last evening.
| The quantity OF coal transported over the
| schuylk Navigation up to the week ending
| March %, was 24,2l8 tons; to same period last
| ear, 1882 tons; increase, 0,SS6 tons.
The Secretary of the Treasury has curious
| cotton case under consideration. Upon the
4 affidavit of one Charles Ring, five hundred and
fifty bales OF cotton were seized by the Treasury
/ Agents at Greensboro, Georgia, as the property
\ OF the late Southern Ooniederacy. THIS pro-
L perty is now clsimed by one Poullain, formerly
| OF the Rebel General Walkers staff, as his 'pri-
| vate property. He alleges that there is no such
man as Rlng-that his name is fictitious. SO far,
| Ring has not been found; but 1t Is charged that
| be has been put out OF the way by Poullain.
| Thus the case stands at present
The New York Tribune this morning says:-'
| Numerous dispatches from Washington are to
the eject that mo Loan bill will pass the Ways
| and Means Committee or the House. Proni-
| nent members of the Committee have held from
| the first that the Secretary OF the Treasury has
power, under existing statutes, 10 contract the
| currency; and II is said this morning that upon
| reconsideration, Mr.. MoCulloch has concluded
| that he is satisfied with the power now In his
| hands, This has always been the opinion of
| leading financial authorities in New York, and
1t was only by an exceedingly close construc-
ton of existing laws that the Secretary felt him
1 self obliged to ask for more power. 1t would be
( bold Congressman who would dare to 60 home
| to his constituents after voting 70 repeal or