The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-05-22

et@et, the former rate decline of ! on tho
closing price last evening.
GOLD was more active to-day, and prices ad-
Vanced ZOOS per cent owing to the financial
panic In England. About $500, 900 sold, open-
ing at 1901, advanced and sold at 1914 at IL
o'clock; l334 at IL NJ. and 1924 atlP.M.
We take pleasure in noticing that Mr.. E. d.
Randolph, OF the firm of Smith, Randolph & Co.,
OF this city and New York, has been admitted as
q member of the New York Stock Exchange.
The New York Herald this morning says:-
Tho stock Market opened dull yesterday, under
somewhat general disposition to await further
European news which, however, failed TO reach the
having exhibited a slightly improving tendenov'
When IL was at length flashed in the form of private
kilograms into Wall street, sensation and semi.
pane were the immediate result As usnai the
woIsl news came first. Consols were quoted at S5I
FlyetTennes 64gS6, Erie shares 1904, Illinois
Central shares T4ld76. The Bank vt England
Oyerend Quincy Co of Lombard street. tI mlteS naS
ment, had faiied Orders to buy gold flew .thioE as
leave, IN Vaambrosa' into the specie room, aud
were as quickly executed. The Government broker
united the demand till the price passed 1899 when
after selling about ten millions, he abandoned toe
heid nc ana was seen no more. Immediately the rush
mounted to 1873 and rapidly declined to 13I Iol3lR
whch was the quotation at half past five L NJ, the
market by this time having subsidized INTO compare.
There was good deal of premature alarm IN all
this, and before the street deserted by the more
apprehensive spectators, q press des oatcb from
Halifax, Riving one days later ne VS. via Queens
twenties, 66d6s; Erie, 44a{5; Illinois Central 7sG
~. At the same time better feeling and general
Improvement were reported In England, and Although
the continental news continued warike there were
still hopes Of peace. Cotton the day OF the Cba,s
departure from Liverpool advanced 3D. Tor one cent?
"ln ali we have here described there Is not tho
slightest reason to justify disturbance of the money
market, or OF values on the Stock Exchange Eng.
land during the war in this country launched info
active speculation the solid gold Of commerce was
beaten INTO leaf, and unlimited extension invited
corresponding collapse. The decline OF prices on the
London stock Exchange during the past wear has
s peen emo NOUS, ana u Is only preclpltated fur
ing attitude OF affairs in Germany But even If far
wilder panic had swept the London Stock Exchange
1t could hardly have eXerted any very material effect
upon monetary affairs on this side of the Atlantic
nading among ourselves we are on a paper money
basis, we are invulnerabe to the stngs and arrows
shot from foreign shores except as regards gold and
exchange, and the sympathetic influences they may
exert" -
A San Francisco circular of April 2S says:-
No unusual requirements exist for money rhe
market is easy Bankers loan their Gus to ners at
1a1s per cent. per month. and mortgaged loans are
negotiated at 1@12 per cent with OCCASIONAL trans.
actions at lower rates. short loans ON the street
are governed by the necessities OF the borrower
and The character o, his collaterals ranging some,
times as high as ~ per cent but oftener exceed
ing l@2 per cent Whatever may be thought of
the risk OF investments for winch such rates are de-
manded, IT Is quite certain that the money lender
Is generally well secured, and seldom loses The
better class OF mining shares continue to be accepted
by capitalists as the basis leans, but upon those of
less prominence accommodations are obtained with
difficulty The supply of capital Is full equal to the
demand and thus far tn" no Indications of the
srinRency sometimes prevalent at this perlod of the
season. The treasure product of some portions of
this State and Nevada is increasinv, and the re.
ceipts from all sources since the date of our late
reference amounted 10 81, ,O5O,O ,OOO making an 40.
gregate of $S,7600 600 thus far during the current
month"
PHILADELPHIA STOCK EXCHANGE SALES To-Day
Reported by De Haven & bro. No. 40 S. Third street