The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-05-04
FINANCE AND COMMERCE
OFFICE OF THE EVENING TEL LEeRAPH, !
Eridav Nav IQee

...." r.. Hr ..H. FRIDAY, May A. 1866. I
There was more disposition to operate in
Stocks this morning, and prices were Rrmer.
Railroad shares are the most active on the
list. Reading sold largely at from 53t@54, the
latter rate an advance of I; Philadelphiaiand
Erie at 33t@S9b, the latter rate an advance
of 0; Camden and Amboy at 1914 an
advance OF /; Pennsylyania Railroad
at 6Sl, no change; Catawissa pre-.
ferred at 30i@3Os, a slight advance and
Northern Central at IA, no change. s5 was
bid for Little Schuylkin; 6l2 for Lehigh Valley;
2S for Elmira common, and Al for preferred do,
Government bonds are in better demand at an
advance. 5-2Os sold at 1O2@lO2I; IS Of 1881 at
1883; 7'3Os at 1O2; and 1O-4Os at $4,000. State
and City loans are unchanged. Penns ylvana 5s
sold at SO, and new City 6s at 96i@96S.
City Passenger Railroad shares are in fir
demand. Girard College sold at 26A; and Thir-
teenth and Fifteenth at l9@l0l. rs was bid
for Second and Third; 40 for FfthEand Sixth; 524
for Tenth and Eleventh; SO for Chesnut and
Walnut; S6l for Hestonville and 35 for Union.
In Bank shares there is nothing doing. I4O
was bid for First National; 206 for North Ame-
uca; 2s for Mechanics; 95 for Kensingtt n; 81
for Penn Township; 80 for Manufacturers and
Mechanics; 60 for City; and 81 for Corn Ex-
change. ....... ..
Canal shares are firmly held at full prices.
Schuylkll Navigation preferred sold at 35@35t,
a slight advance. 276 was bid for common do;
ll5 for Morris Canal preferred; 81 for Lehigh
Navigation 15s for Susquehanna Canal; 81 tor
Delaware Division and 6I3 for Wyoming Val
ley Canal. .'..
The New York Times this morning says:-
The Government list was very strong and
mt .,.r.a,
issue at not less than par, of per cent coin
bearing consolidated stock. exclusively Tor
funding purposes, and OF the probability of
an early general exchange. on the basis of par,
OF the outstanding Ten-forty year per cent.
bonds, for bonds of the new issue, very large
purchases of Tenforties have been made within
day or two. As the short date obligations of
the Government come under the control OF the
Treasury Department, and are redeemed or
exchanged for the per cent. oNn-
solidated stock, as provided for by the funding
measure introduced by Senator sherman, with
the saciion of Secretary McCulloch, the 1881
bonds will be the only six per cent. coin bearing
stock of the United States remaining in the
market. AS such, this etock must command
premium proportoned to the rate of interest
which it carries aud to the permanency of the
investment The Five-twentes es were decidedly
stronger, and not offered any way freely, as the
confidence by holders was increased by the very
favorable reception of the funding projects,
which were generally regarded as eminently cal
culated to promote the public credit"
The New York Tribune this morning says:-
money is easy at 4@5 per cent, and is steadily
tending towards lower rates. The paynent of
the May coupon gives employment 10 money,
and the return or 5-20s from Europe has not
been without effect in sustaining the rate of
interest. After few days these disturbing
causes will cease to operate, and call loaus be
more abundant than ever In commercial paper
rates favor the seller. Prime bills sell at 6a@7,
and good at 7t@9 per cent" :
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
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