The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-06
FINANCE AND COMMERCE.
OFFICE OF TIE EVENING TELEGRAPH,
Tuesday. March 6. 1860.

lutsuhys hhICu ., loOOs J
The Stock Market opened very dull this morn
ing and prices continue unsettled and dropping
Railroad shares are the most active on the
list Catawissa preferred sold at 3lE@32l, a de-
cline of g.; Reading at 49, decline of l; Penn
sylvania Railroad at Sc, decline of /; Little
Schuylkll at 80, decline of 4; Lehigh Valley at
623@62l a decline Of 1; and Philadelphia and
Er1e at 29a, no change. ll6l was bid for Camden
and Anboy; 534 for Norristown; S5 for North
Pennsylvania; 27 for Elmira common, 40 for
preferred do. "a for Catawissa common; and AL
for Northern Central.
Government bonds are firmly held at full
prices, but the transactions continue limited.
b-2Os sold at lO3; and 7-SOs at 994; 1O4l was bid
for 6s OF 1885, and sot for lO-lOs. State and City
loans are without change.
City Passenger Railway shares are unchanged.
Hestonville sold at SAT. IS was bid for Second
and Third; So for Spruce and Pine; 515 Tor Ches-
nut and Walnut; 60 for Wess Philadelphia; 25 for
Girard Colleges Ia fer Ridge Avenue and %
for Uuion.
Bank shares continue in demand, but we
hear OF no sales. 2Oi was bid for North
America; lao for Philadelphia; 122 for Farmers
and Mechanics; 54 for Commercial 80 for
Northern Liberties; 2s5 for Mechanics; 100 for
Kensinglon; 81 for Penn Township; 81 for
Girard; 81 for Manufacturers and Mechanics !;
Ga for City; 40 for Consolidation; 50 for Com
monW ealth; and 55 for Union.
In Canal shares there is very little doing.
Sehuylkill Navigation preferred sold at 80; %
was bid for Schuylkill Navigation common; SIT
for Lehigh Navigation; la for Morris Canal
preferred; II for SusQuehanna Canal; and 3lA
for Delaware Division.
Oil shares continue very dull and lower.
Ocean sold at 1O@1O3, and Maple Shade at 81.
The New York Tribune this morning says:-
''Great pains are taken by parties at Washington
to venhlate the opinions Of the Controller of the
Currency upon the loan bill and the financial
policy of the Government. The opinion OF this
or that subordinate of Mr.. McCulloch may be of
Importance 10 the party holding it, but 1t has no
effect here. 1t is well understood to be part OF
the lobby game to defeat return to specie pay
ments, and as a gross dlscourtesy to the Secre-
tsry, whose opinion is exactly the reverse OF
that OF his subordinate.
Sterling exchange is higher in the absence OF
produce. bills. Leading houses quote 60 days
bills, 1885; Francs, 51s4@5'179.
Money on call is per cent. among brokers,
and at little is done except upon special col
laterals. Commercial paper passes at 7073 for
best, S@9 for good, and lO0l5 for ordinary.
The Bank Statement shows further contrac-
ton in loans deposits and legal tenders, and an
increase in the gold item. The recent sales of
gold Dy the government nave now Deen 1ullV
placed in the bank statement, and in the alb
| sence of further sales better showing will be
| made next week. The Treasury has no occa-
| sion to part with any more gold at present; nor
| could much be sold without putting the pre-
MUM down materially, and creating sharp
| pinch in money. For the present gold is heavy
| enough without any Government interference.
| There is an increased demand for discounts, to
which the banks are not disposed to respond"
"A telegram from San Francisco, dated
| March g. quotes stocks as follows:-Gould &
| Curry, per foot, $3.50; Savage, per foot, $3.50;
| Cholar-Potosi, per foot, $500; Ophir, per foot,
| $40; Hale il Norcross, per foot, $1,000; Crown
| Point per foot, $1lo0; Yellow Jacket, per foot,
| $3.50; Belcher, per foot, $24O; Alpha. per foot,
| $275; Imperial per share, $l25; California Steam
| Navigation Co., 81 per cent; California State
| Telegraph Co., 25 per cent.
The Chicago Tribune says:-
THE money market to-day was moderately
| active, and bankers report it more stringent.
| Mercantile balances are still low,@ nd the de-
| mand for accommodations seems to be increas-
| ing. Rates or discount are steady at 10 per
| cent. at the banks and at l2@24 per cent. on
| the street. Eastern exchange is in active de-
mand, with rather a moderate supply, and the
market is firm at par buying and lilo premium
| selling"
| PHILADELPHIA STOCK EXCHANGE SALES To- DAY
Reported Dy De Haven & Bro No. 40 s. Third street
| FIRST BOARD