The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-03-07
FINANCE AND COMMERCE.
OFFICE OF THE EVENING Trr.rapA,u
Thursday, March . tae5 "i

The Stock Market was inactive this morninc
but prices were tirmer. In Government hnnds
there was no material change to notice. Sc of
1881 sold at ll0 l09 was bid for old 5-2Os 98 for
lO-4Os, and l05l0l05B for June and Auenst
7'3Os. City loans were in fair demand; the new
issue cold at lOl4@lOl8, and old do. at 96l
Railroad shares continue the most active on
the list. Reading sold at 50s0502 an advance
OF /; and Pennsylvania Railroad at 564@564, an
advance OF /; 29t was bid for Catswissa pre-
ierred; l3 for common do; l3O for Camden and
Anboy; 30 for Little Schuylkill: 568 for Mine
hill; 603 for Lehigh Valley; 30 for Elmira com
mon; 40 for preferred do; 81 tor Philadelphia
and Baltimore; 2s5 ior Philadelphia aud Erie;
and 454 for Northern Central.
City Passenger Railway shares were firmly
held. Germantown sold at 28; 65 was bid for
Tenth and Eleventh; 20 for Thirteenth and
Fifteenth; AZ for Chesnut and Walnut; u for
West Philadelphia; l3 for Hestonville; 80 for
Green and Coates; 26 for Girard College; l3
for r dge Avenue; and 4O4 for Union.
Bank shares continue In good demand for
Investment at full prices, but we hear of no
sales. 1875 was bid for Fourth National 109
1or Sixth National; 100 for Northern Liberties:
81 tor Mechanics; 100 for Southwark; 100 for
kensngton; So for Penn Township; 95 for
western; 324 for Manufacturers; 6S for City;
44 Tor Consolidation; and so tor Common
In Canal shares there was nothing doing. 81
| was old for Sehuylknl Navigation common: 3O5
| ior preferred do.; 53t for Lehigb Navigation; Ia
| for Susquehanna Canal; 55 for Delaware Divi.
son; and SO for Wyoming Valley Canal
Quotations OF Gold-lOk A. M, 1855; IL A, NJ.
lS4t; IL NJ, 1888; P. M, 1884, decline of Ii
on the closing price o. last evening.
"A correspondent makes the INQUIRY as To
the cause Of the different figures for Uuited
States 5.20s in London, Frankfort, and Paris, as
daily quoted by the Atlantic Cable Weexplain
that the regulations of these great European
Exchanges are wholly arbitrary as to their own
rule, each peculiar to ITSELF ofdealing in United
States bonds of Federal money denomination.
Practically, however, the quotations, though
differing all the way from "a to S3 per cent, are
the same when reduced to our own money or
within l05 per cent of each other-less the
occasional 4@3 per cent. daily fluctuations be-
tween the three markets. l. In London the
quotation of "a per cent. is in sterling money,
on the basis of 4 dollars, A cents, and mills
to the pound sterling. To this quotation
should be added 9'23 per cent to bring up
the pound sterling to dollars and 81
cents, its actual gold value-Custom House
rule In the United States. The "A per cent
includes the accumulated interest since No.
vember l, 1866. 2. In Frankfort, n per cent. is
on the basis OF % forins to the dollar, and to
this is to be added the accumulated interest on
the bonds since the 1st of November 8. In
Paris the quotation is S3 per cent, on the rule
of the Paris Bourse that the basis of the deal
ings In United States bonds shall be francs tc
the dollar, whereas, the value of francs here
is less than dollar, as the value of the pound
sterling is greater here than on the London
rule. As in London, the Paris quotation in
cludes the accumulated interest.
PHILADELPHIA ST0Ck EXCHANGE SALES T0-Dh
Reported by Dehaven & Bro, No. 40 s. Third stree
| BEFORE BOARDS.
100 sh Read R..-b5. 5056 100 sh Read b.. b9O- sos
| FIRST BOARD.
$1,000 U S 6s Sl..-Reg"lO SO sh Leh scr...-ls- 16
500 5-20s 5-Jy.cp~.l071$ 100 sh Germ R..... rs
SISo City 100 100 Sh Read Rs s;.; g. g,
,5S E 5:sss d $s;5sE 81 sSj
-Messrs. William Painter & Co., bankers, Nc
SO South Third street, report the following rate
of exchange to-day at IL o'clock:-U.S. s. 6s, 1881
coupon, 1O9@lO9l; U. 8. 6.2Os, coupon, 1856
19ggtS@SO9 dO 1884, lE5@G7 dO 1885, lS7
@97}; U. S. 7'3Os, lst series, lO5A@lO5l
do, I'd series, 1O54@1053; Sd series, 1862
Compounds, December, 1864, l436DI43.