The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-07-02
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TELEGRAPH, !
Saturday, July 2, 1866,

J
There was more disposition to operate in stocks
this morning and prices are tirmer. Railroad
shares, as we have noticed tor several days past,
continue the most active on the list About
5000 shares of Cata wissa preferred sold
at from 36l@3sl, the latter rate an
advance of AZ on the closing price Satur-
day evening; Reading sold at 25 56-lOO, dividend
off; Philadelphia and Erie at 81 lI031l, a slight
advance; Pennsylvania Railroad at 551, no
change; Little Schuylklll AT 39A a decline Of J;
and Camden and Amboy at lsl4 no change;
564 was bid tor Minehill; 3s for North Pennsyl.
vania; 624 for Lehigh Valley; 43 for Elmira;
aud 43l for Northern Central.
City Passenger Railroad shares are un-
changed Hestonville sold at 1ss@lsl SO was
bid for Second and Third; 81 tor Thirteenth aud
Fifteenth; 39B for Spruce and Pine; 725 for
West Philadelphia; 13 for Ridge Avenue; and
80 for Union,
Government bonds are firmly he'll at full
prices. 5.2Os sold at 103B, and 7'3Os at lO34.
1865 was bid tor IS of 1881, coxpon Oft, and 97t
for 104Os. City loans are without change; the
new issue sold at 96l, and old do. at 93l.
Bank shares continue in good demand; Jut
we hear OF no sales. 14O was bid for First
Nationals 142 for Philadelphia; 81 for Me-
cbanics; 100 for Southwark; 50 for Kensington;
52b for Penn Township; 52t for Glrard; 80 for
Western; 65 for City; 63t for Corn Exchange;
and go for Union.
In Canal shares there is very little move
ment. Schuylkill Navigation common sold at
26b@27. 34a was bid for Schuylkill Navigation
preferred; l20 for Morris Canal preferred; IL for
Susquehanna Canal; and So Tor Della Divi-
sion.
Quotations in Gold-1O'3O A. NJ, 154; IL AM,
1888; IL NJ, 154; l p. M, 154.
The New York Tribune this morning says:-
money is excessively abundant at 5dg6 per cent,
with loans upon Government stocks 4 per cent.
Commercial paper of Prime character wanted, and
can be used al 6(d6 per cent.
National BanE currency is very plenty and in
variety of exceeds belief. Until something is
done 10 reduce the volume of ths currencs there
can be no return to specie payments The Ieadest
modes Of reducing tae cirrency wou be found in
Offering special loan in exchange legal tenders
and compound notes With 500 900 900 OF legal
be forced upon the national system a more
won be releI ne. The notes which
ciHes. tart of this emba rrassment is caused by
heir settlements IA National notes not redeem
right 10 40 this but they distinction not ap.
preciated by the mass of the people and one which
cannot be made popular The merit OF the National
currency with the people lies in h-vng 300 in
United States stocks pleo for every 800 Of curren-
cy, and nobody thinks OF looking to see hat Smith,
or Jones, or Brown writes his name President or
Cashier. Toe names OF these gent ars of GER
tam value and, locally, OF Preat i'm ortance TO
the gentlemen writing them; but the public honor
the bank otes ecause they guar anteed by the
Government and are paid by it when the banks is-
enough 10 pay balances at the Clearing House, and
the sooner 1t is used the better"
PHILADELPHIA STOCK EXCHANGE SALES To-Day
Reported BY De Haven & bro. No. 40 s Third street.