The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-05-15
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TELEGRAPH,
Mondav Nav TX IQce

| MONDAY, May 15 1866.
J The Stock Market continues very dull and
depressed, owing to the failures announced
| yesterday caused by speculations in Hestonville
| Railway shares. We understand this morning
that they will be able to arrange their liabilities
so as to resume business in a short time. The
houses enjoy the ivelie,t sympathy of
the entire street. The Hestouville Passen-
ger Railroad is a combination of the Arch
street, Race and Vine, and Callowhlll street
roads, running from the Exchange, Second and
Arch, and Front and Gallo wbill, to Hestonville
West Philadelphia. The stock was run no from
IL to A per share; il gave way last week.
and the holders were unable to check its
rapid decline. About 5000 shares sold Yesterday
at from 20927, the former rate decline of 81
since Saturday evening; aud 900 shares this
morning at from 2l5022l, closing at the form
rate, slight advance.
The following are the officers of the Com
pany:-President, Adam Warthmar; Secretary
John T. Lange; Treasurer Samuel Work; Di-
rectors, Alexander Whilden, William c. Farr
William Harris Amos Phillips, Joseph 8. Young.
Government bonds were firmly held this morn
ing. 5-20s sold at 1Ol}6ll02; 6s of 1881 at 1854
@lO9; 1O-4Os at 96t; and 1905 at 1924. City
loans are less active. The new issue sold at
fr. m 9Sl@99t.
Railroad shares are the most active on the
list. Catawissa preferred sold largely at 28I6l
29s, closing at the former rate, q decline of Il:
Reading at 53'94@54, an advance of &; Camden
and Amboy at l28, no change; Philadelphia
and Erie at 80, aslight decline; and Pennsylvania
Railroad at SAG, no change; 36t was bid for
Little Schuylkll; Sc for Mnebil; 80 for North
Pennsylvania; 81 for Lehigh Valley; n for
Elmira preferred.
Bank shares are in demand at full prices, but
we hear OF no sales. l40 was bid for First Ma
tional; 215 for North America; l39 for Phila-
delphia; 100 Tor Farmers and Mechanics; 80
for Northern Liberties; 20 for Mechanics; %
for Kensington; 81 for Penn Township; 62} for
City; and 625 loI Corn Exchange.
In Canal shares there is very little doing.
Delaware Division sold at "a, an advance of !;
27 was bid for Schuylkill Navigation common;
34S for preferred do; "a for Lehgh Navigation;
and l6i for SusQuehanna Canal. # lr
Oil shares continue very duh. Ocean sold at
u, an advance on the closing price last
evening, and Tarr Homestead at &. .a..tJ. B..
The New York Times of this morning says:-
The extra demand lor Exchange a. tull rates,
land in directly tor Sold growins out OF the news,
has reference more to the CRIT state of the Cotton
trade, at Liverpool than to the political vices
the receipts OF United Statel 62Js The latter make
no great impression on the market Thay PROBABLY
amounted 10. day 10 $500 OO) or 500 600, and the
BONDS were Immediately taken no at the stock Elk.
change and by the greaI dealers on Wall street. at
1O15GlOlBd10ls ex coupon, or within S(09 per cent
OF The price SATURDAY.. The Issues OF 1896
were ntained at 102G102t per cent 1t is beleved
here hat tile weak credit of the new limited fnanre
and banking companies in London, has, IN part, led
to the advance of interest hy the Bank OF England.
The discount demand has, OF late, been thrown
heavily upon that great esabl shment, as " ell from
this cause as from the immense speculation in the
Cotton trade at Liverpool and Manchester -
The New York Herald this morning says;-
Money is extremely abundant and loans were
generally made to firstcass hous ses to-day at Iour
per cent, the common rate being 4d5. Firft-class
commercial paper in request at 5@6t per cent The
statement OF the associated banks Tor the week indi
Gates the still increasing none tary ease. The de-
poss show a furtner auRmenIatl on of 7179 $50 and
the legal tenders of SO S86 212. The loans on the
other hand have increased only $3647 1873, and hat
owing mainly 10 purchase OF Cover nment securities
by the banks as a means OF employing idle capital.
The specie has increased SO 055 405 IN consequence
of the Sub. Treasury dis ursements on account OF
the may coupons The circulation alone shows
decrease of 1922 AIS"
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
RenOrtad nv De Haven z bro. No 40 Third streeI