The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-13
FINANCE AND COMMERCE
OFFICE oy THE EVENING TELEGRAPH,
Tuesday, March 19, 1866.


The Stock Market opensd very dull this morn.
ing but prices are without any material change
Railroad shares, as we have noticed for ssve-
raj weeks past, continue the most active on the
list Philadelphia and Erie sold at 20, ne
change; Norstow2 at IS, no changes North
Pennsylysnis at 35, no change; Cata wissa pre-
ferred at 29@293, an advance OF ; on the closing
price lest evening; Northern Central at AZ, no
change; and Lehigh Valley at 62, no change;
543 was bid for Pennsylvania Railroad; and %
for Catawisss common.
In Government bonds there is very little doing,
but prices ere looking up. 1O4Os sold at 9O9;
and 7'GC5 at 9949s1g for June and August; 1884
was bid for 8 2Os; and1Oit for 6s of 1881.
City loans are rather better; the new issue
sold at 9l, an advance Of
City Passenger Railroad shares continue very
dull and we hear of no sales. 724 was bid for
Second and Third; 81 for TeRth and Eleventh;
19! for Thirteenth and Fifteenth; IS tor Heston
vile; 25 for 6irard College; and IA for Ridge
avenue.
Bank shares are firmly held at fHI prices, with
sales OF Mechanics at 2s4; and Commonwealth
at 6sl; 205 was bid for North America; 140 ter
Philadelphia; l23 for Farmers and Mechanics;
SO for Girard; 81 for Commercial; 62 for Ctiy;
40 for Consolidation; and 621 for Corn Exchange.
Canal shares are without change. Lehigh
Navigation sold at 528; and susquehanna Canal
at IL 81 was bid for Sehuylkill Navigation csm-
mon; 2s for preferred ditto; ia for Morris Canal
preferred; 93} fer Delaware Divisions; and So for
Wyoming Valley Canal.
Oil shares are dull and neglected. McElrath
sold at z; and Ocean at 10.
The New York Tribune this morning says:-
money on call was more abundant after the
bank statement was mede known, and at 6 per
cent. q good deal was loaned among brokers.
There Is more disposition TO loan by the Banks,
but they prefer snort engagements The increase
in legal tenders has been made at the expense Of
the best where the complaint ls general OF q
want of currency and of stagnating trade. For
commercial paper the rates are q for best, 500
for good, and l0G1l5 for ordinary. There Is paper
to be had at even higher risks but 1t can only be
claimed as extra hazardous. Sterling bills are
quoted 1855 sQlO0f for 81 days, and trancs 52ll
6l6S."
-Ihe New Yerk Times this morning says
"Ihe bank return points to an easier supply
of money on the heavy increase III legal-teRder
notes, which in common with National Bank
cr-rency are tending to New York from the ia
terror. The marKet for money to the Stock
Exchange is already down to 5Q16 per cent, and
very Lrlmo merchant paper hnds favor at per
cent. There is not much disposition alaoag
lenders 10 buy second class paper, even ut much
higher rates of interest, prelerring to leave their
balances at call III all street, or 70 Duys Unl ted
States 7'SOs and gold-bearug stocks"
"A despatch from Washington ssys:-"Quite
spirited contest occurred in the House yester-
day morning upon a resolution offered by Mr..
Spaldlng, or Ohio, providing that the Internal
Revenue act Of June 30, 1864, shall not be so
construed as to exempt from State aud munich
pal taxation United States notes not be0rns in
terest held by individuals as money or, in other
WUrus, tndU IUSsl sOndVI EESOap~oho held as
cash in the safes or pockets Of individuals or as
a deposit in bank, shall be subject to State aud
municipal taxation. After q struggle lasting
nearly half an hour, it was referred to the Com
mittes of Ways and Means"
The question of reissuing to the owners
| Treasury notes or Government bonds irrccover-
ably lost by disaster at sea, now engaging the
| attention OF both Houses of Congress. A num-
| Der OF important claims OF this character are
now awaiting action. The Senate Committee on
| Claims have just made rerorC in the case of
| Goldsmith Brothers, bankers, of San Francisco,
California, who ask the reissue OF ten thou3and
| dollars in seVen-thirtes, lest on board the
| Brother JCndthdl, wrecked in the Pacific in
| August last. The Committee say that prinei-
| pie of common equity, not to say common
| honesty, requires the Government to make good
| tue loss, ia case the loss of the securities be
| proved beyond all doubt and requisite bond of
| indemnity be given by the claimants. Another
case involving the loss OF sixty thousand dollars
| in compound interest notes, by the wreck OF
| the New Orleans steamer Repu5ic, last tall has
| just gone 10 the House Comnlttee oR Claims.
| PHILADELPHIA STOCK EXCHANGE SALES TO. DAY
RepOrtsd by De Haven Bro, Ne. 40 S. Third street