The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-06-05
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TELEGRAPH,
Tuesday, June 8, 1866.

TUESDAY, june o. loO0.
The Stock Market was very dull this morning,
with the exception of Catawissa Railroad pre-
ferred, which was the most active on the list;
about $500 shares sold at from @263 closing
at the latter rate, an advance of on the closing
price last evening; Pennsylvania Railroad sold
at SAG, slight decline; Readingsat 64ka54s, an
advance of 4; Northern Central at 49,, no
change; and Lehigh Valley at 62I, an advance
of 1. 1924 was bid for Camden and Amboy; 39i
for Little Schuylklll; 569 for Minehill; 3s for
North Pennsylvania; 2S for Elmra common; AZ
for preferred do; and 3lb for Philadelphia and
Erie.
In Government bonds there is very little
doing, but prices are well maintained. 5.2Os
sold at lO2@lO24; and 6s of 1881 at 1898, an ad-
vance ofl 95B was bid for 1O-4Os; and 1923 FOR
1905. New City 6s are selling at SO, slight ad-
vance.
City Passenger Railroad shares continue dull.
Hestonvlle sold at lst, decline of 4. 81 was
bid for Thirteenth and Fifteenth; 3s for Spruce
and Pine; SO for Chesnut and Walnut; 70 for
West Philadelphia; "a for Girard College; II for
Ridge Avenue; and 3S for Union.
Bank shares are in good dem md. Mechaui IS
sold at 80; Commercial at 55; and Seventh Ma
tional at 93@94; 140 was bid for First National;
221 for North America; 1929 for Farmers and
Mechanics; 50 for Girard; 4Ol for Consolidation;
and 6s for Corn Exchange.
Canal shares are firmly held. Morris Canal
preferred sold at 100; 262 was bid for Schuylkill
Navigation common; S3s for preferred do; IS
for Lehlgh Navigation; Is for slsquehanna
Canal; So for Delaware Division; and SO for
Wyoming Valley Canal.
Oil shares continue very dull. Ocean sold at
6l, decline of /.
Gold was active this morning at an advance of
293 per cent, opening at l43b, advanced avl
sold at l444 at II o'clock; l454 at IL NJ. and I46a
at NJ.
The New York Herald this morning says:-
Money was in superabundant supply at 6 Ger
| cent, and the exceptional transactions at on
Government securities more numerous. The
Of the cha banks @ TOR the week
fleet the last OF the rod settlements with the Sub
treasury and the redempton n, Of one-year certii-
chiefly due to the latter cause, ali the Government
securities held by the banks being cassed as loans
The decrease Of $40 $50 6l6 in the posts little
more than equal to the decrease In loans, and the
increase of - 12l 164 in specie. The decrease in
legal tel ders 81 $50 955 and the increase in
latiop, $50 85s. The tul effect of tine recent Sub
| Treasury disbursements is not indicated in this
statement and hence the next one fo owing will be
| likely TO show an important increase in deposits
| and legal tenders"
The Cincinnati Gazette says:-
"The Missouri and Mssssppi Railroad is to be
| sold at auction 9th OF July. This road ex-
| tends from the eastern boundary of the State of
Iowa. at Davenport to the Missouri river. at Coun-
| cll Bluff, and includes branch from Wilton 20
| OskaoOsR, Iowa. All the property is covered by
| mortgages, which have been force osed. All the
lands granted to the State OF Iowa by act OF Con-
gress, to ard in the construction of the main line Of
the road and by the General AS emily o. the State
of 10 va GRANTED to the Railroad Company will also
| be sold."
The Boston Traveller remarks:-
| "There is material alteration in the plethoric
| condition of the finances, the supp of currency
being more than sufficient to satisfy the wants of
| borrowers. The common rate OF interest tor prime
collateral loans on call Is six per cent VITA occl-
] sionai exceptions at five pledges OF the public
securities, round sums; and II is said that even
| lower rates have been accepted in some instances
lhe banks find it difficult . get full employment for
their loose balances but not disposed to end on
| long time"
| PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
Reported by De Haven & bro. No. 40 s. Third street