The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-08-10
FINANCE AND COMMERCE.
OFFICE OF rue EVENING TELEGRAPH,
Friday, August 10, 1866.


The Stock Market was less active this morn
ing but prices continue steady Government
bonds are firmly held at the late advance. New
5-2Os sold at lott no change; and lO-4Os at 100,
an advance OF /; lO5 was bid for 1905, 1lO2 for
Is of 1884, and 1895 for old 5-2Os. City loans
are unchanged; the new issue sold at Csl, and
old do at 943.
In Railroad shares there Is very little doing.
Pennsylvania sold at 57l, no change; and Norris
town at 5sI, no change. 1861 was bid for Camden
and Amboy; SO for Little Schuylkill; Sc for
Readings 56 for Minehill; 39t for North Penn
sylvania; 20 for Elmira common; AZ for pre-
ierred do; 373 for Catawissa preferred; 321 for
Philadelphia and Erie; 55s tor Philadelphia and
Baltimore; and 46 for Northern Central.
City Passenger Railroad shares are without
change. So was bid tor Second and Third; 44l
!or Fifth and Sixth; SO Tor Tenth and Eleventh;
q Tor Thirteenth and Fifteenth; 65 tor West
Philadelphia; and lst Tor Hestonville.
Bank shares are firmly hold at full prices.
Mectan sold at 32 ard Manufacturers and
Mechanics at 80. 226 was bid tor North Ame-
RIGA; 1424 for Philadelphia; l29 for Farmers and
Mechanics' 54G for Commercial "a for Northern
Liberties; SO tor Penn Township; 55 for Girard;
50 for Western; Cos tor City; and 65 Tor Corn
Exchange.
In Canal shares there is nothing doing. u
was bid Tor Schuylkill Navigation common; 355
for preferred do; 57I for Lehigh Navigation;
l1s for Morris Canal preferred; IA tor susque-
hanna Canal; and 54i for Delaware Division.
Coal shares are in demand at an advance.
Fulton sold at "A, an advance OF /; New York
and MIDDLE at 5i@53, slight advance; and Big
Mountain at Al, slight advance.
Quotations OF Gold-l0B A. NJ, 1885; II A. NJ,
14s]; II NJ, 14s3; p. NJ, l485.
The New York Tribune this morning says:-
'In money no change Call loans are 4G5 per
cent, with exceptional loans at per cent ON Gov
| ernments There is no pressure OF National Bank
currency, and the orders from the interior are IN.
| creasing. In commercial paper little dong Best
namesIpass at per cent and good at 656 per cent
The Bank No'e Reporter says:-
'Ihls year the street is stupid beyond precedent.
Money ls cheap-very cheat; the range Is from 3G7
per cent Cali loans, on the very bes of securi les,
and the very best of borrowers, are made at 1G4
p, r cent. while three and four months A No
is widespread beuelt that in october, November,
and Decemberimoneylwlll be scarce and dear state
| bank currency flows home for redemplion. We
| believe that $4,000 600 will be cancelled in the
| present month. The country banks take 1t, but at
| d count of J per cent. tor New YORK, Eastern, and
| New Jersey Our rates of discount are:-FOr New
York Stale, discounts; for New England, dis
| count Tor New JERSEY. discount; Tor PennsYlVa'
mia, Maryland, and Delaware, 3alB discount"
The Chicago Tribune of Thursday says
| There q very quiet ieelng in monetary
circles to-day, but there was no material change IN
| the condition of the market Prime paper Was in
| active demand at 10 per cent per annum, while
| second and thlrdrate paper was discounted on the
| street at 1d14 per cent per month Eastern eX
change scarce, ana the market ruled firm al
| par buying and 10 premium selling. Round Ots
| were sold among bankers at a premium OF 6Jc. per
! $1,000. Several OF the leading bankers had to ex
| press currency to-day to meet their dTatts".
On and after the 1st OF August, the banks ol
ISSUE both National and state, are to be taxed
| 10 per cent. on any OF their old notes they pay
out after that date. But this by no means de-
| preCiates the old State bank notes which are
| held by the people at large. They are Just the
same in value as they were before the 10 per
cent. tax law went into effect and the banks
| that issued them are required to redeem them
| lust as before. The law imposes the tax eXclu
slvely on the banks which may pay them out
hereafter, but the tax does not apply to the
circulation outstanding previous TO the lst Of
| August.
PHILADELPHIA STOCK EXCHANGE SALES To- DAY
Reported by De Haven &c bro. No. 40 s. Third street