The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-07-20
FINANCE AND COMMERCE,
OFFICE OF THE EVENING TELEGRAPH,
Friday, July 20, 1866,

There is no change to notice in the Money
Market. Loans on call are freely offered at 5@6
per cent; good mercantile paper ranges from
6@@S per cent. per annum.
The Stock Market opened very dull this
morning, but prices are without any material
change. In Government bonds there is yery
little doing. New 52Os sold at los, slight de-.
cline; 985 was bid for 1O4Os; lO9B for 6s of 1881
1863 for old 62Os; and lO34 for 1905. City
loans are without change; the new issue sold
at 81.
Railroad shares are firmly held at full prices
Reading sold at 555@553, no change; Lehigh
Valley at 624 an advance of q; Pennsylvania
Railroad at Sc, no change; and Cata wissa pre-
ferred at SO. 81 was bid for Little Schuylkjll;
81 Tor Norristown; "a for Minehlll; S7A for North
Pennsylvania; 500 for Philadelphia and Balt
more; 3l4 for Philadelphia and Erie; and 444 for
Northern Central.
City Passenger Railroad shares continue dull
HestonVile sold at 19B@194, an advance of D.;
q was bid for Thirteenth and Fifteenth; 3s for
Spruce and Pine; So for Chestnut and Walnut; and
AZ for Union.
Bank shares are in demand, but we hear of no
sales. 81 was bid for Commercial; 100 for South
wafk; 65s for City; and 40 for Consolidation.
Canal shares are rather frmer. SchuylkilI
Navigation preferred sold at 352036, an advance
OF /; and common do. at 274, slight advance;
l2O was bid for Morris Canal preferred; IA for
Susquehanna Canal; and 50 TOR Delaware Divi
sion.
Quotations of Gold-lO A. NJ, 1909; IL A. NJ,
1909; IL NJ, 1904; P. NJ, 1901.
The following is the Funding bill, as 1t passed
the Senate:-
40 tn.
tund contemplated by the fifth section OF tne act
entitled IAN act TO authorize the i.sue of Uuited
states notes; ana ior tue redemption or funding
Unned otaie'" approved February 25, A ID. 1857
there shall be annually applied to the payment OF
the prlnclpal and interest OF The public debt the
sum OF one hundred and eighty mIlIons OF dol
lals, which sum is hereby appropriated for that
purpose out of any money not Otherwise apDrO-
pT'atodj and so much OF said sum as not required
10 pay lhe accruin0 interest on said deDt shall be
apphed to the purchase or payment OF such OF the
public debt as the Secretary OF the treasury shall
tIom time to iIme direct.
Section 2, And be it further enacted That for the
purpose OF enab ing the Secretary OF the Treasury
10 prepare Tor the tnndlng or payment of the out
standing treasury notes bearing interest at the rate
OiseVen lhTee-tenths per centum per anhum holders
OF such notes hereby required to a0VIse the Sec
retary OF he treasury, in sl oh manner he SHALL
prescribe at least four months before the maturity
OF such notes. whether they shall 9 eet that such
notes shall be paid at maturity the same be CON
yerted into bonds OF the United ates, common
the part of such holders of converting such Trea.
surY notes into bonds shall be deemed and taken 20
De waived as TO each and every note. relation to
winch notice shall mot be given as above described
and the same shall be paid at maturity in lawiu
money OF the United States '' - '
Section g. And be IL further enacted That au
money received into the Treasury Ofthe United states
Tor duties on imported GOODS shall be speca apar
and apphed to he purposes following 10 wit;-First
10 the pay ment OF so much of the interest of he
pubic debt as is payable In com; second 10 the nav
mehl el rs ~ natures OF the principal OF the public
SoDtj lhlIo 10 the payment of such appropriations
Dy congress as are required TO be paid an coin.
Nhen the amount of com In the Treasury exeeeda
hS miilons Of dollars, the excess shall be sold la