The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1866-03-07
FINANCE AND CoMMERCE
OFFICE THE EVENING THLEeRAru, !

wednesday, MhTCn 4, l6bbs
The Stock Market was rather more active this
morning, but prices continue weak and unsettled.
Government bonds are without any material
change. 6-20s sold at 1903; and 7'3Os at 9sl; lO4i
was bid for 6s of 1881; and 90 for 1040s, coupons
of. State and City loans continue dull at the
decline. Pennsylvania 5s sold at s5s; and New
City 6s at 90,
Railroad shares are the most active on the
list. Catawissa preferred sold largely at 3lg@sl2
no change; Reading at 49@49i, no change; Gam.
den and Amboy at 1l62@l16, a. decline Of q;
Pennsylvania Railroad at 65055I decline of
3; .Lehigh Valley at 62A, no change; Philadelphia
and Er1e at 29l, slight decline; and Northern
Central at Az, an advance OF 4; 20 was bid for
Little schuylkill; 534 for Norristown; 81 for
Minehill; 26 for Elmira common, and % for
Catawissa common.
In City Passenger Railway shares there is no.
thing doing. 73 was bid for Second and Third;
"a for Spruce and Pine; 5l3 ior Chestnut and Wal
nut; SO for West Philadelphia; 3Sa for Heston-
vile; and 25 for Girard College. Ba
Canal shares are unchanged. Schuylkill Nayi
cation common sold at 81; and Lehigh Nayiga-
ton at 52l. ia was bid for Morris Canal pre-.
ferred; 11l for susquehanna Canal; 80 for Della.
ware Division; aud 5sl for Wyoming Valley
Canal. .i, /,
Bank shares, as we have noticed for some time
past, continue in good demand at full prices.
Mechanics sold at 2Sl; 2O6 was bid for North
America; l22 for Farmers and Mechanics; 54&
for Commercial; 100 fer Kensington; 81 for Penn
Township; rs for Western: 63 for City; 40 for
Consolidation; and Sc for Union.
Oil shares continue very dull. Ocean sold at
from l15@1l2, an advance of on the closing
price last evening.
The New York Tribune this morning says:-i
Money ON call is in larger supply, and balances
among brokers have been offered at per cent.
The rate is GOT per cent. In commercial paper
there is mcre dong at 7@73 for best; 500 for
good and 1030l6 for tair. Sterling bills are
quoted l0sS @1084 for leading names at 60 days,
and l0o5@l099 for short Produce bills are not
abundant, and are quoted l0700lOS Francs
long, 174 @5l64; short, 6'l5@5'l32."
Governor Fletcher has signed the bill which
recently passed the Missouri Legislature pro-
yidng for the consolidation and payment of the
bonded debt OF the State By the provisions, Of
this bull all overdue interest is to be funded
and incorporated with the principal in new
bonds, and ls TO be resumed on the 1st of jan
uary, 1868. The bonded debt OF Missouri, in
cluding unpaid interest, amountsto $40, 900 600.
1t is estimated by the members OF the committee
by whom this bill was reported that under It's
operation the entire State debt will be lqui-
dated in twenty years.
The total circulation OF the National banks
on Saturday last amounted to S258, ,432, ,790 The
Controller of the Currency states that:-"Reports
are every now and then being published of the
charter OF certain new National banks by the
Controller OF the Currency; while the fact is that
no National banks have been authorized for
several months, but number that we're granted
some six or eight months ago have been delayed
by various causes from commencing business
until the present time. Quite number of State
banks which applied for conversion and nled
their papers prior to the 1st Of July, 1866 have
not yetreceived their final certificate of authority
for the reason that their outstanding State circu
lation Is in excess OF the amount allowed by law
| for National banks. The Controller only issues
| the certificate for them to commence business
| when their old circulation is reduced to 80 per
| cent. of their capital"
The CHICAGO Tribune says:-"Nearly all the
bankers complained that they are losing cur
| rency daily. Business generally is dull and de-
| posits are unusually low; while the demand for
| accommodations is increasing. To-day the
pressure is even greater than yesterday, and
| none but the very best customers were accom-
modatea at the usual rate of discount, 10 per
| cent. per annum. Street rates were steady at l0
| per cent. per month" evaIis. r.sa
| PHILADELPHIA STOCK EyCdANGE SALES T0-D DAY
Reported by De Haven 6ro, No. 40 S, Third street