The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-04-06
FINANCE, AND COMMERCE.
OFFICE or THB EVENING TELEGRAPH,
FRIDAY. ADril q 1864


..- Friday, April 6, 1885,, I
There was hrmer feeling in the Stock Mar
ket this morning, but the transactions continue
limited. Government bonds are rather quiet;
7'5Os sold at lOO a slight decline; and 5-2Os at
1O4, no change; 1O4i was bid for 6s of 1881; and
912 for 10-4Os. City loans are uuchanged; the
new issue sold ct %, and old DO. at S7t
Railroad shares are in fair demand Philadel-
phia and Erie sold largely at from 32&t092l'
the latter rate an advance of 4; Camden and
Amboy at 1l75, an adVanca of 4; Reading at
50t, no change; Pennsylvania Railroad at 564
@562,, a slight advances; North Pennsylvania a.
39@39s, an advance of J; and Lehigh Valley at
6O9, decline OF 4; 2S was bid for Little schuyl-
kill; 81 for Norristown; $50 for Mnehill; 80 for
Catawissa common; 2s4 for preferred do; and
As for Northern Central.
In City Passenger Railroad shares ere is
nothing doing. 20 was bid for Second and
Third; sig for Tenth and Eleventh; 33 for
Spruce and Pine; so for Chesnut and Walnut; 6s
for West Philadelphia; A for Hestonville; and
80 for Green and Coates.
Bank shares are firmly held, at full prices
but we hear of no sales. 2O5s was bid for North
America; 1245 for Farmers and Mechanics; %
for Mechanics; 100 for Kensington; SO tor Penn
Township; 81 for Girard; &c for Western; 50
for Commonwealth.
In Canal shares there is more doing. Schuyl-
kill Navigation sold largely at 31@3l4 for pre-
ferred, decline of Q; and common do. at 1910
"a, the latter rate an advance OF !; SO was bid
for Lehigh Navigation; ia for Morris Canal
preferred; 13& for Susquehanna Canal; 46 for
Delaware Division; and 5S for Wyoming Valley
Canal.
Nil eboraa ornv varu Hu11 nd
sold at 9l@9l.
The New York Tribune this morning says:-
"Money is quoted at 5@18 per cent, with bus-
ness chiefly at the latter rate Commercial
paper stands at for extra, 500 tor good, and
1O@l5 for ordinary. Lenders will soon have
the Secretary of the Treasury as customer,
and get better prices. 1t is understood that on
the lst OF May the interest on the Clearing
House Certificates payable in legal tender)
will be reduced to four per cent. and that no
other charges Will be made upon the temporary
loans OF the Government AS the certiicates
are a necessity to the banks, the reduction in
interest will not send any large amounts in for
payment. The condition of the Treasury is
such, IN regard to income from internal revenue
and customs, that reduction of the principal
or decrease of interest is out OF the question at
present. Exchange is held at 1861 Tor leading
names, at go days, but 1868 is about all that can
be got and good bills are quoted l064@l06S,
aad produce bills lO60lO6 and some sales re-
ported under l06." ...
line chicago IT2Oltne SayS:-"Ihe money
market to-day was quiet and comparatively
easy The demand for discounts was light, and
good customers were freely accommodated at
the banks at 10 per cent per annum; but inte-
rior paper was discounted on the street at l@D2
per cent per month. Eastern exchange was IN
iair demand and hrm at par, buying, and lilo
premium, selling. Round lots were sold at
premium of 60@7Oc. per 1000. There is very
| little exchange making at present, but the de-
mand is less active"
The Cincinnati ENQUIRER says:-
"There has been material falling off in the
demand for loans during the past week, and the
| receipts of currency are increasing; balances,
| however, are accumulatng slowly, as local
checking IS heavy, and the interior banks are
| drawing freely against their deposits here. The
| supply OF currency, however, is ample for all
legitimate purposes, and the discount market is
| il comfortable working condition. Some of
our merchants, in their anxiety to increase bust
| ness and to work off stocks, are selling goods
| on time, as the banks scrutinize very closely all
paper offered. Dates OF interest are steady at 10
| per cent. tor frst-cass signatures, and l20l5
| per cent. for good mercantile bills" ...
! The London Times of March "a remarks:-
''The large increase of gold shown in the sank
| of France return tended to strengthen the anti
cipations of an early further increase of ease in
| the money market on this side, and consols
| opened this morning at recovery of an eighth.
| Prices, however, were inherently as weak as
| ever, land fall soon took place. The German
| dispute continues to exercise that kind of infu-
ence which is always observable when war is
apprehended, and which is usually found to be
much greater before than after the event. At
| the same time, the wild rush OF the holders of
| finance and other shares to get rid of their pro-
perty at any price, evidently in total ignorance
! whether 1t is sound or unsound, has assumed
| increased intensity. The discount market is
without alteration, and the demand at the Bank
| to-day was of an average character"
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
Reported by De Haven BRO, No. 40 s. Third street