The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-19


Corn Exchange; and 55 for Union.
Canal shares are in better demand, and rather
irmer. Lehgh Navigation sold at 52I; susque-
hanna Canal sold at 10; Morris Canal common
at IA; and schuylkill Navigation preferred at
29@2o4, an advance of /; 2l was bid Tor schuyl-
kill Navigation common: ia for Morris Canal
preferred; and 50 for Wyoming Valley Canal.
OIL shares continue duh and neglected Ocean
sold at 10; Sugar Creek at 11G; and Maple
Shade at 3.
Reese D. Fell, Esq, a prominent stockbroker
of this city, died last evening attera brief illness
Referring to American stocks in Germany,
the London Times says -
1.-The advices from Frankfort mention that.
Notwithstanding the abundance of money the
liquidation at the end of the month was not
easy, as large purchases Of United States bonds
had 10 be provided for. Enormous amounts of
options falling due have been realized but
speculation is so active that they were all taken
up at rising prices Quotations are now fully
two per cent. in advance of New York, and pre-
mlums for the call are given in extraordinary
sums at per cent. for the end of March. Under
these circumstances all attempts to bring any
other securities upon the market are unavaing
New Portuguese preference shares of 500f. nomi-
nal value, we're offered yesterday at l26f.; but
there we're very few subscribers. The market
has been tried by some Italian towns, but
although the bonds were offered at singulary
Austrian bonds, in the face OF the fact that the
currency Is only one per cent. below par and
that therefore no loss is any longer incurred on
the dividends, are lower than at any previous
time, except during the war. Five per Cent
Nationals, 1t is remarked, remain at 81 and
Four-and-a-Half per Cents. at 81, and are, even
at this low point, bartered away for Americans,
although the interest, which has been regularly
paid ever since 1916, has mainly contributed to
the great wealth OF our towns and OF Southern
Germany Discount in the open market is at 81
per cent
The New York Tribune this morning says;-
money on call Is quoted ut soc per cent with
more offering at the lower rate than can be rea-
dlly employed. Commercial paper passes more
readily at the discount houses, but little or
nothing is sold under per cent Good is sos,
and there is a large supply at l061l5. Acton upon
the bill to fund the currency obligations of the
Treasury is waited for with interest in tinan-
cial circles. There Is little doubt that the
Secretary will be given all the power required to
get the national debt into a condition where it
can be steadily reduced from surplus incomes.
The movement TO wards specie payments has pro-
ceeded so far that nothing can prevent the de-
slrabe condition OF affairs at an early day. Con-
eress, by want OF courage in aiding the Secre-
tary, may prolong the troubles OF people obliged
to pay fixed sums of money from assets steadily
falling in value, but it cannot save people from
the inevitable losses attending the passage of
gold IRON 2S5 to 1907
"A New Orleans paper of the 10th inst. says:
Tile supply of domestic exchange has shown
some increase, Wnlle the demand at DanK for
remittance has disclosed very marked falling
Off and rates manifested decided weakness to-
wards the close OF business. All of the banks
hold sic INT checks on the Northern cities nomi-
nally at s014 per cent. premium, but most of
them will sell round amounts at par, at which
latter figures several operations were effected.
The ruling igures at the close OF business were
tor New York sight, premium to par0i pre-
MUM at bank, and t@a per cent. discount out
OF doors; five and 10 days sight 80B per cent.
discounts Is and 20 days &@95 per cent discount,
80 days. l0l4 per cent discount, and
60 days at lS@lf per cent. discount. Foreign
exchange is lower, and some small sales were
effected during the morning at fully one per
cent. above yesterdays figures. The closing
figures this evening we're tor bank sterling l400
l4l; clear bills l37@l3S; bill OF lading bills
l35GglSG; bank francs A., and outdoor francs
4'050D4l0t.n
"A despatch from Washington says:-
'The motion 10 reconsider the vote on the
loan bill comes up to-day in Une House, and it is
believed that enough votes have been secured to
reconsider and then pass it. tits not yet certain,
however, as some of the members are very un-
certain, ard over dozen voted against it on
Friday night, who were thought to be trust
worthy in its favor.
Pursuant to call, large number of the
citizens Of the Northern Territories met here on
Saturday, for the purpose of expressing their
views as to the practcability OF the proposed
northern route of the Pacific Railroad. COM
mittee of five was appointed to prepare an al
dress urging Congress to grant the aid asked
Tor, after which the meeting was addressed by
several gentlemen present"
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
nv Haven & bro. No. 40 = Third street