The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-10-29
FINANCE AND COMMERCE..
OBPICK OF THE EVENING TELEeRAPR,
MnaadaU Oct 1871

The Stock Market opened very dull this morn
ing, and prices were unsettled and lower. In
doing; 1904 was bid for lO-4Os; 111a for IS of
1881; and I065 for July 7-30s. City loans were
unchanged. The new issue sold at 1908; and old
Railroad shares, as we have noticed for some
time past, continue the most active on the list.
Reading sold largely at 4s, a decline of on the
road at 51l, an advance OF 4; and Lehigh VAL
ley at 81, no change; 122 was bid for Cam
den and Amboy; 64 for Norristown; 20 for
Catawissa preferred; "a for Philadelphia and
Erie; and 429 for Northern Central.
In City Passenger Railroad shares there
was nothing doing. ~ was bid for Second and
Third; l04 tor Hestonville; 500 for Green and
Coates; and 26 for Girard College.
Bank shares were in good demand for invest
ment at full prices. 247 was bid for North
Kensington; So for Western; 80 for Manufac-
tuTers'; 20 for City; GA for Commonwealth: 20 for
Corn Exchange; and GA for Union.
Canal shares were dull and lower. Schuylkill
Nayigatlon preferred sold at 23A@242, closing
at the former rate, decline of ID. 10 was bid
for Schuylkill Navigation common; 35 for Lehiph
Navigation; 80 for Morris Canal preferred; aud
10 for Susquehan ma Canal.
Quotations of God-lOA A. NJ, l42; IL A. M,
14lh; IL NJ, 142; ! p. NJ, l42, decline of on
the closing price last evening.
The New York Herald this morning says:-
"Money was in abundant supply to stock
houses at 607 per cent, and the amount offer
ing on Government securities at the lower rate
was more than fully equal 10 the demand.
Notwithstanding the increased ease, however
the banks are very cautious in granting dis.
counts; but what little they take passes at
seven per cent, while outside the rate is still
los per cent. higher for the best grade of
names.
'The statement of the associated banks for
the week ending on the 26th instant, shows an
increase of So 036, Ill in legal-tender notes. and
a decrease in each of the other items, viz.:-In
loans $743, 1893; in specie $ll5,8 ,846; in circula-
ton, $99,37O; and in net deposits, 1914, 247.
These figures reflect an easier condition of
monetary affairs, and afford some hope of relief
from the stringency which has prevailed for the
last two months in the discount line"
The Cincinnati Gazette of Saturday says:-
'The demand for money continues active, and
the market is virtually closed to outside bor-
roweTs, the banks being indisposed to loan money
except to their depositors, ald to them only on
undoubted security. They are also fortifying
themselves to meet the demand from the pork
packing interest, which is no making arrange
ments for money with which to prosecute the
seasons business. In our market frst-class
paper is taken at 500 per cent. from depositors
and good names at Upper cent, but the security
must be ample to obtain money at all. EX-
schange is in good demand, aud drm under a
limited supply at par buying and SOC. premium
selling"
The N. Y. Tribune this morning says:--
Money on call is 9 cent, with occasional
transactions at less. Commercial paper is hard
TO move. The rate for best is SOLO, but '6re-
proof can be had at IL % cent.
Exchange is irmer, and quoted as follows:-
london, co days. l09@l094; sight, l0940lO94;
Paris, 5'l84@5I74; do. short 6'l7sD616ti Ant
werp, 5'2Ii05'20; Swiss, 6'2l4D5'2O; Hamburg
9590l85B; Amsterdam 40294l; Frankfort, 404@
4O5; Bremen, 7s3@7sa; Berlin, 7l5@7lb.'
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
Reported by Dehaven q 6ro., mo- 50 b rhiro street