The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-07-11
FINANCE AND COMMEROE.
0FfioE OF TIE BvBNNG TRLRdRAPu,
"Wednesday, July IL, 1856.

Inc STOCK Market wbs duli thls morning, with
the exception Of G,vernment bonds which con
tinue In good demand at full prices 10 4Os sold
al 9s2; and 1905 at lO3S; LOG was bid for 5-20o;
and Ito for 6s OF 1884, City loans are UNCHANGED.
The new issue cold a. 96S@97.
Railroad shares are less active. PennsylvaI
mia Railroad sold at 55i; Catawissa preferred
at 369@95s, a Sigh, decline; and Northern
Central at Al. an advance of /. 81 was bid for
Norristown; 53l tor Readings 38 lor North
Pennsylvania; GA tor Lehigh Valley; 80 for
Elmira common; 43 Tor preferred do; 55s for
Philadelphia and Baltimore; ana 3it Tor Phila-
delphia and Erie. .r..F ..
In CITY Passenger Railroad shares there is
nothing doing. 80 was bid Ior Second and Thlrd
81 for Thirteenth and Fifteenth; SO for Spruce
and Pine; SO for Chestnut and Walnut; l94 tor
Hestonvllle; and 3ei for Union.
Bank shares, as we have noticed for some time
past continue IN good demand for investment.
Mechanics sold at 32; and Central National at
l2O; lao was bid for Philadelphia; 126 TOR Farm.
ers' and Mechanics; 81 for Commercial; "a for
Northern Liberties; 52i for Penn Township; 3ll
for Manufacturers and Mechanics; 65l for City;
81 for Commonwealth; 634 for Corn Exchange;
and 60 for Union.
Canal shares are firmly held. Lehigh Naviga-
ton sold at 5S. 265 was bid for schuylkill NaVi.
cation common; 50 for preferred do; 100 for
Morris Canal preferred; 14f for susquehanna
Canal Sc Tor Delaware DIVISION; and 6S for
Wyoming Valley Canal.
Oil shares continue very dull. Ocean SOLD at
81; and Curtin at Z. ..
Quotations of Gold-l0I A. NJ. 1871 A. NJ,
l495; IL M, 149i; P. M, 149i. ....
The West Philadelphia Passenger Railway
Company have declared q semi.annual dividend
of five per cent. fgE' ..rTr
The New York Tribune thus morning says:-
"Ihe demand for money bv stock operator. was
active, and per cent. was freely paid Bank officers
prefer call loans upon fancy railwa shares, sa abe
ut short notice, to any long engagements matter
| quotations tor Erie common, Michigan Southet IN
| common Cleveland and Pltisburg, and North
western shares. Neither of them pay income, bu
thej all regarded safe cOllaterals by enthus
| asst c cashiers desrous OF making every dollar or
| deposits earn somethne over night IN commercial
paper rates unchanged. Best names pass at 81
| per cent, AID toOd aJ per cent. ...... .
'lt Is understood that the Treasury Department is
delivering quite large amounts OF new 5,2Os, winch
| have been Ialo Tor bv the surrender OF compound
notes and 730s Instead oI making these exchanges
secretly, the Treasury should open the exchange OF
short CurIencv debt long gold. bearing bonds at
| plce to all holders. The payment of One-Y Year
Certificates will in days set tree from the Irta-
sury a large amount OF currency, which, Judging
nom the present popularity OF gold.bear nG bonds
will flnd its way into them. After Congress adourns
II probable that the Treasury Department will take
steDs to get Its temporary loans out Of the wa
and MANAGE its affairs so as 10 xiii off speculation in
gold, stocks, commo tiles, and return the gam
| blers to some industrial pursuit In few weeks
| there wIl be large demand for currency to move
the crops, winch will be supplied from the At anti
cities, at the expense those who ara now specu
| latlnv upon cheap money The movements of the
and the d mand for money to move the crops will at
an early dav create an active demand for capital at
full rates in New 4ork-a ltCt when parties making
engagements for the future will 90 well to re-
member"
The Insurance Company of North America
AMI ounces dividend oil per cent, tree of
taxes, payable on demand
"A counterfeit OF the denomination of SlO on
the Highland National Bank OF Newburg, N Y
has made its appearance. The notes are we'll
executed This is, probably, the first batch of
the new issue.
The puDlIc are cautioned not to take any
bills OF the Passaic county Bank, Paterson, New
jersey in which the Presidents name Is mutt
lated. Such bills have been redeemed, can
ceiied, and stolen, and will not be paid by the
bank.
The Cork Herald of June % has The follow
ing London despatch:-
"Commerclal affairs in London wear a brighter
aspect and a sensible decline in the rate of dis
count Is expected to be declared by the Bank of
England to. day. 1t is well understood, IN London,
that the Representations of the Bank as to the great
Inconvenience OF dissolution OF Parliament in the
present critical state of the financial world had
powerful effect with the Russell Cabinet in not re-
sorting to that measure"
line caSh Dalance IN the nandS OF the AS
sistant Treasurer of the United States in Boston,
at the close OF business July T. was $l0 1926 95l.
showing decrease of Sl,43l, ,433 as compared
with the close OF the previous week.
The exports from Boston for the week end
ing July g. including specie, were SAL 1885,
against Sis, 100 tor the corresponding week in
1865.
The Boston money market is frmer, call
loans ruling at Elk per cent New York funds
are. reported plenty, although recently in very
active demand.
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY