The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-02
FINANCE AND COMMERCE.
OFFICE oP THE EVENING TELEGRAPH,
Friday, March 2, 1866.

The stock market opened dull this morning,
and prices are unsettled and dropping. Govern
ment bonds are firmly held at the advance, but
the transactions are limited. 520s sold at 1O3@
109t. 1044 was bid for IS Of 1881; 99l for 7'30s;
and 90A for 10 40s, coupons of. State and City
loans are without change Pennsylvania IS
sold at s6l; new City Cs at t91l; and old do at s74
ERailroad shares, as we have noticed for some
time past continue the most active on the list,
but at a decline. Reading sold at 49j6150, the
former rate decline of 8; Catawissa preferred
at S34, decline of 1; Pennsylvania Railroad at
6et, no change; Camden and Amboy at H. no
change; and Philadelphia and Erie at 80, de-
cline off 80 was bid for Little Schuylkill; 644
for Minehill; 36i for North Pennsylvania; SO Tor
Lehigh Valley; 80 for Elmra pre- erred; 244 for
Catawissa common; and 445 for Northern
Central.
City Passenger Railway shares continue very
dull. Hestonville sold at "a; 72f was bid for
Second and Third; is for Thirteenth aud Fif.
teenth; 35 for Spruce and Pine; and 81 for
Union.
In Canal shares there is nothing doing. %
was bid for SchuYlkill Navigation preierred; 5lt
for Lehigh Navigation; ia Tor Morris Canal
preferred; 3la for Delaware Divisions; and SO for
Wyoming Valley Canal.
Bank shares are in good demand. Farmers
and Mechanics sold at 1924; Girard at SEA; and
Southwark at los. 204 was bid for North Ame-
rica; lao for Philadelphia; SO for Commercial
2S ior Mechanics; SO for Kepsington: 62 for
City; 40 Tor Consolidation 62l for Corn Ex-
change; and So for Union.
In Oil shares there is little or nothing doing
The New York Tribune this morning saws: -
Money call is per cent. Occasional loans
upon Governments are made at less aud stocks are
loaned at lower rates. AT Bank there is paper
offered ana without AT the discount
houses prime paper canuot be used under u per
cent. IN any amount and good names can be had
AZ 66L9. For ordinary bs 1069l5 is the rate.
Loans upon merchandise made at rates which
will soon put the ow ners OF such goods out of the
| fed. We hear OF cases where 2k per cent for so
days and per cent. interest is pad % per cent.
per annum Owners of gooos thus h, potheoated
Will At no remote time see that the cheapest way
| would have been to close cut oy auction at the
market While merchants are struggling against the
natural course of prices, new crops OF all kinds and
new manufactures steadily being produced, and
will soon be tet upon prices II their further depres-
any form, and contraonon is sure to be- accom-.
pishhed as The year wears on, and tho less people
owe the bet er."
AT meeting yof Bank officers held on the
| 9th Of February in New York city, the follow
| ing resolutions we're presented, adopted, and a
| copy ordered to be sent to the Secretary of the
Treasury, signed by the officers of the meeting:
Whereds Measures are under consideration
Congress for the col sol datOn of the puoc debt,
having also in view, their innate object the re
| sOratlon of The currency to q specie bass:-
Resolved. That this Associa ion deem all these de-
lberauens to be timely aud appropriate, and to be
| demanded by the best interests Ot the country.
| ReSoiUed That we deem it to be indispensable
prerequisite OF such measures that O systematic plan
| be adopted for the regular redemption OF National
| Bank notes, recommended both by the Secretary
the easurJ and the Controller OF the Currency
| Resolved hat without such a plan in effective
| operation, any movement towards the curtallment
of the legal tender issues will inevitably result the
substitution of currency calculated protract
definitely existing financial difficulties and to in
crease the embarrassments both of the Government
| and the people.
| PHILADELPHIA STOCK EXCHANGE SALES To DAY