The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-11-05
FINANCE AND COMMERCE..
oFYIcE OF THE EVENING TELEsRAPH, |
Tuesday. Nov g. 1867

tuesday, Nov. 8, 1867 J
There is no material change to notice in the
Money market. Call loans are offered at 6@7
per cent. Prime mercantile paper ranges from
10@15 per cent. per annum. The Stock market
opened very duh this morning, but prices were
without any material change,
In Government loans there was very little
movement. 1904 was bid for 10-4Os 1863 for
7'3Os; 112 for 6s of 1881; 1854 for G2 $685. 1868
for '64 5-2Os; 1904 for '65 2Os; and 1919 for
July '65 2Os. City loans were in fair demand; !;
the new issue sold at 1Ol2, no change, and old
do. at 81, an advance of
Railroad shares were inactive. Camden and
Amboy sold at 1891, no change; Minehill at 670
ga, change; pennsylvania Railroad at 81, no
change; and Lehigh Valley at 5l5 a slight ad-
vance. GA was bid for Norristown; 48l for
Reading; 80 for North Pennsylvania; 23 for
Catawissa preferred; 25 for Philadelphia and
Erie; and 424 for Northern Central.
In City Passenger Railroad shares there was
nothing. doing. l9 was bid for Thirteenth and
Fifteenth; 81 for Hestonville; 26 for Girard Col.
lePe; and S5 for Union.
Bank shares were firmly held at full prices,
l40 was bid for First National; Ill for Kensing.
ton; 95 for Western; 80 for Manufacturers; 20
for City; A for Consolidation; and 63 for Com
monWealth.
Canal shares continue dull. Lehigh Naviga-
ton sold at 35s, slight advance; 10 was bid
IOT SC0uyIkll Navigation COT0nOQs Zz5 Tor pre-.
ferred do; "a for Morris Canal; and IL for Sus.
quehapna Canal.
Quotations of Gold-1O3 A. NJ, 14OI; IL A. M,
lao; IL NJ, l404; l p. NJ, 140S, decline Of ! on
the closing price last evening.
The New York Herald this morning says:-
"Money was considerably more active tnau
on Saturday, and most OF the loans on call were
made at seven per cent, although there were
not few transactions, early in the day, at six.
The change was attributed in part TO specula.
five maninnlatiOn to nrO0upa 0pDTp99iOO no
Stock Exchange, and it is by no means unlikely
that this was the case to limited extent. Toe
discount line was rather more stringent in con-
sequence, although the banks took the best
grade. OF their customers paper at the legal
rate"
The New York Tribune this morning says:-
Money is active at six and seven per cent, with
more doing at the highest quotation. The
movement of currency is again attracting
notice. The West Is sending currency hither
and there is Southern demand. Commercial
paper sells at 7@9tor best, and lO@l2 for second
rate.
"Foreign exchange is firm. Bills at go DAYS
on London are quoted at l08l@l094 for com d.
mercial; lO94@l092 for bankers; do. at short
do. at short sigbt, 5'l3t@15'l2k; Antwerp, 5000
5'l5; Swiss, 6'20@5l5; Hamburg, 35S@36; Am.
steTdam, 403@4l; Frankfort, 4OI@n; Bremen
78@764; Prussian thalers 7l4@72U
The Chicago Tribune OF Saturday says:-
I'm financial circles there was generally less
activity, and IN some quarters it was pro-
nounced dull. The demand for money was less
pressing, though in some quarters there was a
toleraoly loud call from grain spectators, to
provide for options delivered them to-day. This
class OF borrowers meets with little favor,
and many applicants were obliged to seek
| the open market. The offerings of time bills
| were more liberal, and these the banks made
| point to accept to the extent of their ability
| The market is very close and stringent and
great deal OF speculative is OBLIGED to see, fine
| street, where in some instances and per cent
! per month is charged on short-dated paper The
| accumulation OF grain, particularly wheat at
this point Is attracting the attention of bankers
and Others IN financial circles, and there is n
| growing disposition to 'shut doCnn on maxine
loans on grain to be held for speculative pur
poses, There must be now lUlly I,26O.OoO
bushels wheat here, which represents nearly
| $1,000, GOO. Add the amount loaned on other
| grains, and the total sum will loot no in tbe
| neighborhood of three millions-more thai
| oIe-half OF the banking capital of the city.D
The Cincinnati Commercial of Saturday
says:-
1.-THE discount market retains its stringent fea-
| lures, though the applications for loans were
not so pressing as yesterday. Still the offerings
are large, First-class borrowers experience but
| little dimculty In negotiating loans, though
paper OF which there is the slightest doubt meet
with no favor, and the banks are rigid in their
scrutiny. The rate between bankers and depo.
sitore is 10 per cent, but frstclass paper Is sold
in the open market at l20l6 per cent, and