The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-06-18
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TELEGRAPH,
Mon1av Tuna 10 IQQQ

Monday, June l8, 1866.
Gold continues excited. About $500, 900 sold
this morning, opening at 1854, an advance of .
on the closing price Saturday evenings fell off,
and cold at I67 at IL O'Clock. 1881 at IL M; and
164 at / p. NJ.
The Stock Market opened very dull, and prices
were unsettled owing 10 the violent fluctuations
in Gold. In Government bonds there is no
material change to notice. 520s sold al 1929;
and 1905 at 1929; 964 was bid Tor lO-lOs, and
96l asked. City loans are firmly held. The new
issue sold at 97i, an advance of J.
Railroad shares are the most active on the
list. Reading sold at 54l@jli; Lehigh Valley
at G28; Philadelphia Ind Ere az 81. decline
Of 4; Catawssa preferred at 25 6D255, no change;
Pennsylvania Railroad at 5i5, no change; an
NoIristown at 55. 1924 was bid for Camden and
Ambov; 81 for LitIe Schuylkill; 56b tor Mlne-
bills 3s3 for North PENNSYLVANIA; % tor Elmira
common; 20 for preferred do: and 43 for North
ern Central.
City Passenger Rairoad shares are in fair
demand. Second and Third sold at &c; Spruce
and Pine at 395; and Thirteenth and Fifteenth
at 22i, no char ge; 40 was bid for Fifth and
Sixth; SO for Chestnut and Walnut; 1s5 for Hes.
tonville; 80 tor Green and Coates; and 3S for
Un,on.
In Canal shares there is nothing doing. 26I
was bid for SchuyIkill Navigation common; 935
for preferred ditto; 81 for Lenigh Navigation;
100 for Morris Canal preerred; Is for Sus-
quehanna Canal; 535 for Delaware Division, and
G7 for Wyoming Valley Canal.
Bank shares are firmly held, but we hear of
no sales 223 for North America 14O for Phia-
delphia; 1913 for Farmers and Mechanics; SO tor
GA for City; 80 Tor Western; and So for Union.
The New York Times this morning says:-
"Ihe feature OF the trade and finances last week
was the sudden rise in gold on Saturday from 1473
TO 160 - cent the announcement OF war IN
Europe or rather the breaking up OF the Peace Con-
gress. The rl.e was partly the result OF a panic
among the shorts in gold including number oil the
importing merchants VINO had borrowed 90 of
late TO Purchase their exchange, or to pay Gus.
toms but the movement is malniv due to
combinauOn in the gold room, increased
III nDmber and determination by their own read
ing and construction OF the E ropean news, and
their belief that he supply OF gold. alter the recent
heaVY exports, is now within ther control Inc RISE
however need excite no General concern l. the
prospect OF actual war is tiua ancIally
strued IN Enoaud, as 1t VIII very soon be horo
lar better Tor neutral commerce and public
ties. than the first threatennOs OF ana preparations
for tae continental storm, some weeks .. Our
heavy gold exports draw to early end. Ihe
RroaUy improved look of he foreign EXCHANGES
At the close OF the week denote this result. The
drawers of bills, even among the LEADING banking
houses, who were heavy shippers gold uu to last
Wednesdav's steamer, were moe numerous than
| buyers and the hest SIGNATURES we've ouoted on
Saturday afternoon at 10SjG1O9 p cent 8 Ihe
stock Of Uold in the u. S. treasury and Sew 0rls
hanks is lot one-ialf exhausted as compared with
supplies on the way fiom California have boon
doubled by the rise in prlce here, and the same
remark holds good OF the more numerous but less
important sums coming IN from the interlor''
The CinciaRot Gazette Fr1Cay savs:-
The money market exhibited no new feature TO.
day. he demand, though mol very heavy. continues
III eNcess OF the suDpY, and the market works close
at lCGl2 t1 cent between bankers and their custom
ers. Outside Names unless strctly prime are diff
cult OF sale III anNtnrng udder 15o,l8 There was
again full supply of exchange, and although some
OF the houses eXDerienceu an improved damaud the
market was heavy at quotations Go d continued IN
he rising out dealers disposed to fol-
low New York prices C osely. They have hardly
n"y opinion upon which tnev are willing 20 operate
a downward reaction probab e. The ra es at the
close were las buying, and 1i7l se' hng."
"A London letter to business firm in New
York. dated June 6, P. NJ, says:-
Money is working easier. The bills of the Lon
don 80 mt Stock Bank, the London and Wcstmn-
ster Bank ana of ROthschild and Browns are IN
demand at 70S per cent. The specie arrivals are an
Inner Sc thing for American credit. The amount
sent from America Is everywhere admitted to nave
saved general bankruptcy IN England The letters
to other banking houses in this citv very much
10 The effect 1t Is gratifying TACT that the
acceptances OF London banks connected with n ew
York stand in the highest credit on the London
money market, being NEGOTIABLE at 2d3 per cent.
below the bank OF England rate"
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
Reported by De Haven bro, No. 40 s. Third street.
FIRST BOARD
$500 City 6s,n & D go 800 sh Fulton Coal. 81
$1,000 do...,,... 81 100 sh Phil s. Erie 81
$1,000 War & Fra IS. s8 200 sn Cat pI. -. Its 25s
$4,000 5-2Os. g.: 1927 100 sh do. 25t
5000 do 1854 1923 300 sh New Creek...c 3
800 Sh Read. .s5wn "a II sh Penna X. ..... 54k
IL sh Leh Val...... 81; sh I'd & Sd ...,.. SO
-Messrs. DeHaven Il Brother. No. 40 Soulh
Third street, make the following quotations of
the rates of exchange to-day at p. NJ. =
Bu5naq Selling.
American Gold ..,:'i;:''''''''''.''ii9 o,, IsS
Compound Interest NOtes:-