The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-05-29
FINANCE AND COMMERCE..
OFFICE OF THE T EvEN5Ne TT5ELEssRArH,( T. !

"SuueSuuy, may ~, loois
The Stock Market was rather dull this morn l..
ing, but prices were frmer. Government bonds
continue in steady demand. 10 40s sold at 995.
1093 was bid for 1862 5.20s; 1865 for 1864 5-20s;
1865 01O6b for June and August 7'30s. City loans
were inactive; the new issue sold at IOI4,
slight decline.
Railroad shares were the most active on the
list Reading sold at at 81 69-l0005l5 an ad-
vance of /; Pennsylvania Railroad at 50S,
slight advance; Camden and Amboy at l29, no
change; and Cata aWissa preferred at 26k0D an
advance OF 8. 63 was bid for Norristo wn; 33
for North Pennsylvania; 58 for Lehigh VAL
ley; 20 for Elmira common; 40 for preferred do;
l3t for Catawissa common; and 55 for Philadel-
City Passenger Railroad shares were un-
changed. Spruce and Pine sold at 27; Ga was bid
for Tenth and Eleventh; l93 for Thirteenth and
Fifteenth; 45 for Chestnut and Walnut; Go for
West Philadelphia; and 124 for Hestonvlle.
Bank shares were firmly held at full prices.
Farmers and Mechanics sold at 1884; l55 was
bid for Philadelphia; 545 for Commercial; II for
Mechanics; Ito for Kensington; SO for Penn
Township; 3O9 for Manufacturers; 81 for City;
81 for Commonwealth; and 604 for Onion.
In Canal shares there was nothing doing.
l6a was bid for Susquehanna Canal; and 56 for
Quotations of Gold-1Ok A. M, 1915; IL A. NJ,
1873; IL M, 1873; / p. NJ, 1879, an advance OF
on the closing price last evening.
The N. Y. Tribune of this morning says:-
.'The cotton firm of Fraser, Trenholm Co.,
week, has for fifty years stood among the fore
most mercantile houses of the United States.
Their headquarters in this country were in
Charleston, and the Mercury of that city says
that of late they seemed the chief if not the
only steady light burning amid the mercantile
gloom which rests on South Carolina. The sus-
pension is attributed to the decline in the price
of cotton, with the arrest OF the banking faclll-
ties formerly extended in Liverpool. 1t is we'll
&nown that early in the season the Bank OF
England adopted the policy OF refusing banking
accommodations previously accorded to those
engaged In the cotton trade. The Mercury says
that the effect has been to put the holders OF
cotton in the power of the buyers; and the
merchants, factors, aud planters of the South
have, i'll the depressed price of cotton through
out the spring, fell the influence of this gigantic
and controlling institution"
The New York Times of this morning says
"The Gold Room reopened this morning at 1863 per
advanced TO is7SiS7% per cent, on the irm LOOK Of
the Foreign Exchanges and the disposition OF the 5aH
from the Treasury Broker at the going rates After
sales We're made slight traction below IS7 per cent
There was an extra supply Of Exchange on the
ing packets e The e5tent e t q about ten millions
OF francs equivalent TO aayOS4 sterling for French
chase OF The iron-clad steam ram DSnderberg.
French Consul, Messrs. James 6. King 4 sons, az
the rate OF their G sales to-day IL round sums. l69
Dunder6erg was made, we believe, about fortnight
builders Will realize from three to three quarter
million Of dollars In our currency. We understand
that the purchase of one of the smaller United
states iron-clads now In European waters has been
completed for the same Governments and thst pa
sterling, TO be drawn on this account. The
other standard bankers after the above negotiation
at lOSA per cent? continued to ask l09ys@ll1 a Pst
cent Az the close OF regular Change hours the Pto
Igod STOOD lSo9 per cent We hear Or no no
and IL is questionable at present whether lhs SUPP
ment Will amount TO coo. ,.. ,,astardax
"The Money Market was generay qnASc ca{i On mis-.
The brokers borrowed at per cent aad at S t0era at
cellaneous collateral The amounts wth0u - me-,
large; The Treasury ONCE purchases ss asa3 reported
of dollars In 730 per ana Wo a. i,,,
seller OF Gold. There is atogsnnssk ss11aiSs 1honei
proved feeling In Money ss Exchsnge continues in the
ascendant me Public Funds We're sSes1y, VITA a ne
short optIons at iO9R per cent. on the caienaton
ttat they are ruling somewhat ABOVE the
nISsunsps rnH nHnofatons The Railways at the Stock
ie4nbense were In better demand than on Monday,
b ssu nom parties operating Rgalnst the market,