The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-12-26
FINANCE AND COMMERCE..
OFFICE OF THE EVENING TELEGRAPH
Thursday, Dec 26, 1867.


There was very little disposition to operate in
stocks this morning, but prices were rather
brmer. Government loans were in fair demand.
lOls was bid for 1O4Os, 1O48 for June and
July 1905; ll2i for 6s. of 1881; 1881 for '62
6-20s; 1864 for 64 5.20s; 1853 for 65 5,2Os and
1OSt for July 66 5 2Os. City loans were un-
changed; the new issue sold at 80 and old do. at
95, interest of.
Railroad shares continue the most active on
the list. Pennsylvania Railroad sold at 5l6D5lk,
slight advance; Lehigh Valley at 5la, no
change; Camden and Amboy at 1914, no change;
Philadelphia and Trenton at 1868, no change;
and Philadelphia and Erie at 282, no change.
264 was bid for Little Schuylkill; 644 for Norris
town; 81 for Minehill; 33 for North Pennsyl.
vania; 4Otor ElmiIa preferred; and % for Cata-
In City Passenger Railroad shares there was
nothing doing. 443 was bid for Chestnut and
Walnut; Ga for West Philadelphia; and 26I for
Girard College.
Bauk shares were firmly held at full prices
Commercial sold at "a, noSchange. los was bid
for Northern Liberties; 29t for Mechanics; So
for Girard; 10 for City; and 81 tor Common
wealth.
Canal shares were dull. Lehigh Navigation
sold at 290295, closing at the former rate,
decline of I. l28 was bid for Schuylkill NavI-
cation common; and IL for Susquehanna Canal.
Coal shares were in fair demand; A was bid
for Fulton; % for Green Mountain; for But
Ter; and 81 for Big Mountain.
Quotations of Gold-l0a A. NJ, 1874; IL A. NJ,
1914; IL NJ, 134t; l P. NJ, 1874, an advance of /
on the closing price Tuesday evening.
The New York Herald this morning says
"The prospect on the Stock Exchangeis favor
able to speculatiyel activity especially in
railway shares, owing to the large earnings of
the road during the year. and the growing
monetary ease at this centre The earnings for
the eleven mouths ending with November, of
fourteen of the principal railway companies,
averaged $l7l per mile more than in the cores
ponding months of 1866, and this, in the face of
the depression which has everywhere prevailed
in trade, has strengthened confidence in the
value of railway stocks The disbursement of
the January dividends by public companies will
be likely TO create an active demand for Govern
ment securities under which the market for
them cannot fail to be materially strengthened.
The duness and depression In trade will have
the effect OF stimulating business in Wall street.
AID concentrating capital for employment there
both in loans and speculAtions, With respect
TO gold, the decline of the last two months mas
been SO great that 1t Ia reasonable TO look for a
reaction, the more particularly as the Treasury
will lose thirty millions of its coin reserve In
January, and the financial future ofthe country
Is the reverse Of promising, IN view of declining
revenues, and the threatening condition OF
affairs in the South, which, instead OF eontriiDut-
ing to the public income, is adding laLgeY "
the current expenditures OF the GovelhtHsSn&h & a. a.
the same time that II presents PcsuiSs S1hS hS
crime, and desolatiOn the IKE OF Nhion hIs
naver haan aaeu In Amaricn pfkQlSa~ tItiQ NulHu