The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-05-03

coupons or registered bonds, bearing per cent,
and redeemable in 80 years. Thus, besldes giving
one per cent. more than Great Britain, provision
is made for the ultimate redemption of the 'eon-
solidated debt" while England is we'll known to
never intend a redemption of her oopsols.
Although the fact Is known, yet the people freely
invest and at premium: and if sucb no the
popularity of the British debt, have we not every
cause to prophesY a still greater saleIand salts
faction with our own? The "consolidated debt,i
is exempt from all taxation, and full protection
is made in the bill for Justice to the holders of
the 7'90 bonds. We see many and excellent
reasons for the adoption of the proposed plan.
1t has been carefully examined by the first
Hnanciers of our land, and has been approved
by all our leading public men. 1t viii undoubt.
edly be adopted, and by Its passage will do much
towards rendering the public credit safe from
all the dangers Of financial revolution to which
heavily burdened nation is so much exposed.
The Stock Market was dull this morning.
and prices continue steady. Government bonds
are in fair demand at about former rates. 5.2Os
sold at 10lb, 107 94-l0O was bid for Is of 1881:
1Ol} for 7'3os and ga for 1O-4Os. State and
City loans are in fair demand. Pennsylvania IS
sold at So; and new City 6s at 96a.
Railroad shares are the most active on the
list. About $500 shares of Philadelphia and Erie
sold at 33@339, the latter rate an advance of 4;
Catawissa preferred at 3Os@3Oy, no change;
Camden and Amboy at l2l, no change; Reading
at 53@, slight declines Lehigh Valley at 6l5,
no change; and Northern Central at 44s, no
change. 33 was bid for Little Schuylkin: 534
for Pennsylvania Railroad; and 424 for Elmlra
preferred.
City Passenger Railroad shares are in fair
demand. Second and Third sold at rs, an
advance of 2; Hestonville at 37}@3s, decline
of Al; 50 was bid for Tenth and Eleventh: 10
for Thirteenth and Fifteenth 80 for Spruce
and Pine; 5lI for Chestnut and Walnut; 26 for
Girard College; 10 for Ridge Avenue; and 35 for
Union.
Bank shares are without change. lao was
bid for First National; 2Os for North America:
81 for Penn Township; 293 for Manufacturers
and Mechanics; 60 for City; 40 for Corn Ex-
change; and 62 for Union.
Oil shares continue very dull Ocean sold at
7l07S no change.
The New York Tribune this morning says:-
Money Is abundant on call, at 4QD5 % cent,
and loans have been made at 90 DAYS uOon Gov
ernments, at per cent. In commercial paper
no special change. Best names pass at 6GA7
and an =. second grade at s@9 The general opinion
1t is disturbed by the Secretary OF the Treasury
That he will propose any fun ding scheme until
Congress adiourns is very probable. After
Congress is out of the way, the aporooriation
bills passed, and the revenue laws amended, the
whole subject will come before the Secretary
freed from many embarrassnents that now
attend the matter. While the Secretary DELAYS,
money will accumulate a. the commercial cen.
tres, and call loans promise to rule ow wer during
the summer Of 1866 than has been known in a
long time"
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
Reported by De Haven & bro No 40 s, Third street