The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-07-08
FINANCE AND COMMERCE..
OFTIcE OF THE EVENING TELEGRAPH,l
Monday Julv g. 1857

Monday, July s, 1867. !
The Stock Market was rather dull this
morning, but prices were steady. Government
bonds continue in fair demand. 1O2 was bid for
10-40s; 100 for 6s of 1881; 107A for June and
August 1905: 1854 for '64 520s and 1919 torJuly,
'65, 6-2Os. City loans were unchanged; the
new issue sold at 994, and old do. ut 95.
Railroad shares continue the most active on
the list. Reading sold largely at from $50
69@, dividend off, Little schuylkill at 81, an ad-
cline of q; Pennsylvania Railroad at So, no
change; Catawissa preferred at 294, no change
and Lehigh Valley at 80, no change; 500 was bid
for Minehill; 35 for North Pennsylvania; 20 for
Elmira common; 40 for preferred do: 2S4 for
Central.
In City Passenger Railroad shares there was
nothing doing. l7s was bid for Thirteenth and
Fifteenth; 27t for Spruce and Pine; A for Ches
nut and Walnut; IL for Hestonville; and 30k for
Green and Coates.
Bank shares were in good demand for invest.
ment at full prices, but we hear of no sales.
1865 was bid for Seventh National; lao for
Farmers and Mechanics; 90 for Commercial;
105 for Northern Liberties; 81 for Mechanics;
los for Southwark; SO for Western; 81 for Manu-
facturers'; and ITO for Tradesmen's.
Canal shares were firmly held. Lehigh Navi-
CATION sold at 46}; and Morris Canal at So.
l9} was bid tor Schuylkill Navigation com.
mon; 30b for Schuylkill Navigation preferred;
1854 for Morris Canal preterred; l6t for Susque-
hanna Canal; and 562 for Delaware Division.
Quotations of Gold-10s A. NJ, 1879; IL A. NJ,
l5o4; IL M, 1859; L. M, 1851
The following article on the "Indux OF Bull
lion, and the Coming Harvest is from the city
article OF the London Times of June 24:-
Neither the favorable harvest weather nor the
msrca q a5neE baS S OF million Of gold from
unable TO resist the temptation TO realize the i've per
to the lie sTs
who IN Tneir turn find It difficult to obtain employ
revival Of financial confidence has scarcely made
accumulation Of bu lion and the low rates Of discount
have rendered rel Il Impossible 70 o6str9ct certain ad
ing OF dstrust is almost strong ever aud conse-
obtain fair profit their original investments they
rush TO secure t. as 4 there could be hope OF It's
dspartment OF trade, and by checking all orders for
Foreign Roods except such as are Indispensable
ereases the prospect Of large continuance OF the in
T6e possibility OF another Indifferent harvest con-
sttnted the only apparent contingency that might be
likely 70 turn the tide, and now that the promise Of
lem as 70 the point the plethora in the money market
Ia likely to reach and the mode in which IL will ult
interesting"
The same journal, on the 25th OF June, in
its money article, says:-
according TO ad vices from Frankfort the plethora
OF mGney ana The peaceful turn Of political Sars
steadily. Austrian stocks are Ia particular request
great confidence being placed In the policy of Baron
That 4 he Be allowed by the ecceslsstlcal and mill
taIy parties ties % hnish ME work he has SO wei Wen begun
State again. While Austrian credit ls thus in pro-
cess ofrecoveTy, that of America has experienced
check, continuous number OF sales forced on
luctant market having prevented United States Bonds
from participating in the rise witnessed In all other
descriptions, Every attempt TO Introduce 1885 bonds
has hitherto failed the conviction being That II would
only lead TO overlooking OF the European markets.
and proportionately dminish the number OF holders
In America and the present furnished by
an Identity Of Interest"
The New York Herald of to-day says:-
"The recovery which is nov going forward In Eng.
land from the monetary depression which culminaGed
IN the great financial panic oflast year. is gratIfyIng
symptom OF a revival of confidence Ia that countrv
Had it not been for the mistaken views OF the LEADERS
British political opinion with respect 10 the dnra
tion and final issue of the in the United States
the causes which operated TO produce that nanic
would not have existed. for the previons infla.
ito of which IL was the consequence would not have
been experienced. The stoppage of the cotton suppiv
from the southern States threw a large amOunt or
capital out OF employment and new channes OF use
iuness had 70 be formed TO absorb t. There were not
wanting, OF course speculatOrs 20 organize new en-
terprises ana promote financial schemes and TO these
the British public lent ready aud willing ear Cot
ton rose rapidly IN price, and II was confidently
preuicteu thaI America would never resume her
iormer place In the cotton markets OF the world
elsewhere: as cotton fields designed to supply the
looms Of Manchester and cottOn-growing com Danes
rose IKE mushrooms within a radius OF half mile OF
the Lonaon STOCK Exchange. All went prosper
ousy Win these and thousands OF similar under
laklnes ana prices rose higher from month 20 mouth
on the STOCK Exchange and In the cotton market
tu the war IN the United Btatee suddenly Terminated