The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-08-25
FINANCE AND COMMERCE..
OFFICE OF THE EVENING TELEGRAPH,
Saturday, August 2b. 1866.

SATURDAY, August 26 1866.
Ihe Stock Market was Gull this morning, with the
execution Of Government bonds, which we're in de-
mand at an ADVANCE; old 6. zOs sold at I1O20l11l an
advance OF ii 1O4Os at l02, and advance of q and
SOs at lC6glO6l, an advance of II 11lI was bid for
Is OF 1881 City loans were unchanged; the new
issue sold at 994.
Railroad shares were unsettled Camden and
AmboY sold at d130 the latter rate an advance
OIL; Norristown at 80, no change; North Pennsyl.
vana at ~, an advance of t Minehil at 593 an ad.
vance Of 81 PennsylVama Railroad at 6S9. an advance
Of 4; Catawissa preferred at 96l, decline of !;
Reading at SO, decline OF 4; and Leh,ph Valley
at 64E, no change. Ss was bid ior Little scbuvlk,
20 for Elm ra common AZ for preferred do; ssl for
Philadelphia and Erie; and 46 for Northern Central
City Passenger Railroad shares continue dull
Bank shares were firmly held at full Drices
Canal shares were inactive and lower.
OIL shares continue very dull. Maple Shade sold
at %, ana Caldwell at :, a slight advance.
Quotations OF Gold-10b A. NJ, 1472 II A. NJ,
1473; II 147; l p. M. 1475.
The New York Tribune this morning says:-
MONEY on call is 5g6 per cent, aud stock houses
make up their accounts with ease In comm ercial
paper at the discount houses, the business is not
large and rates are unchanged. The payments of
SubsITeasury on account of temporary loans
have commenced. and checks upon the Sub.
Treasury offered at low interest, Being
paYaole in National bank notes they are popu ar at
bank and we hear of cases where they have been
declined as deposits to be drawn against to the
damage OF the receiving bank at the Clearing House
Next week another attempt will be made to Iorce
the city banks into making settlements at the Clear
ing House in these notes, and 1t IS thought that
majority can be had In favor of the plan. This cur
rency ls now at regular discount in large sums of
per cent, and as high as ! is reported upon the
street. to the intense disgust of the expansionists
who are now so fond OF paper money as 10 think
bank note 10 the issues of the Treasury and
VINO view with alarm the prospect OF getting gold
from Europe, OF returning to specie payment by any
method"
The following are the instructions for the con.
version OF the first series OF SevenIhrties into The
FlVe.tWentes OF 1866
THE interest on the bonds is charged from May l.
1866, TO the date OF conversion interest beng allowed
on the Seven-thrty notes TO The same date. IT the
coupons, due August 10, 1866, have been detached
sufficient currency must accompany the notes to pay
the accrued interest on the bonds, otherwise such
OF ihe notes. All notes payable to order must be
indo sed by the payer in blank, to the order of
the party transmitting them for conversion, who
must indorse SUCH notes over the signature as fol-
lows:-Pay the Secretary of the Treasury for re-
demptiol.' All notes indorsed by administrators
executors, or assignees, por attorney must be
accompanied by certificates OF the power OF the In.
ooGsers. About $5 100000 OF the notes have been
converted within the past month"
The Cincinnati Commercial of August %
says:-
Exchange is still heavier. Some of the dealers con.
fine their purchases at SOC. oto their customers
90 not oher TO take outsiders checks at better than
l-l0c off, The offerings of paper for discount were
little more irregular IN the experience of different
DauhtIS III dRVTegaIe Lu6Y appear TO nave been
less than usual, but the checking was correspond.
ngly increased, and great closeness in the work.
ing OF the market is noticed heretofore. The
Oner1nRs OF Government securities at the high
figures attained have been in excess of the demand
and dealers prefer to widen their mar gins on the
New York rates."
AN EXCELLENT INVESTMENT. = BY special an.
nouncement IN another coumn 1t will be seen that
the negotiation OF the seven per cent thrty-year
mortgage bonds of the Norm Missouri Railroad
has been placed under the supervision or the well.
known and experienced Government financiers jay
Cooke & Co. The original amount was six mil
hons, of which they have already sold five
hunOred thousand; and in consideration of their
conviction of the safety of the investment and the
daily increasing popularity of the bonds have ad.
vanced the price TO eIghtyfve cents. Before accept
ing the agency they sent out clear.sighted and
trustw orthy attache, accompanied by other expe-
renced individuals, to inspect the condition of the
road and the liability of its directors and the result
was 80 satisfactory that they feel safe In recon.
mendlng the judiciousness OF the enterprise.
No Investment now in the market has 80 many
qualifications to recommend it to the public favor as
the cheapest frstcl security. The coupons are
payable in New York semi annually. Another re-
commendatoIy consideration Is that these are Seven
per cent bonds.
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
Reported. by De Haven bro No. 40 s. Third street
BEFORE BOARDS
oI,N and oI,o D.