The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-09-27
FINANCE AND COMMERCE..
OFFIcE OF THE EVENING TELnaRAF1E,1'
ErldaY. Sent n. lnHL.

Friday, Sept. "a, leoE. J
There is a good demand for money. Call
loans are placed on best securities at per cent.
Firstclass commercial paper is scarce, and
ranges at from to Q per cent. per annum.
The Stock Market opened very dull this
Government bonds were inactive. es Of 1881
sold at lllb, slight advance. 99A was bid for
l040s; 1865 for June 1905; ll34 for '62 6-20s;
lO9 for ga 5-2Os; 1l9l for '05 5-2Os; and l07t
for july '65, 5-2Os. City loans were unchanged;
the new issue sold at 1Ol, and old do. at 98l.
Railroad shares continue the most active on
the list. Reading cold at 500, slight decline;
Lehigh Valley at 57l, decline of I; and Cata-
wissa preferred at 275, no change; i26 was bid
for Camden and Amboy; 52b tor Pennsylvania;
62B for Norristown; 574 for Minehill; SS for
North Pennsylvania; 20 for Elmira common;
II for Elmira preferred; and 27l for Philadel.
phia and Erie.
& City Passenger Railroad shares were firmly
held. 649 was bid for Tenth and Eleventh;
10 TOR Thirteenth and Fifteenth; 28k for Spruce
and Pine; 46 for Chesnut and Walnut; l23 for
Hestonville; and 3Ob for Green aud Coates.
Bank shares were in good demand for invest.
ment at tull prices, but we hear of no sales. 1O7
was bid for Seventh National; 24O for North
America; 81 for Commercial; So for Penn Town
ship; SO for GiTard; 70 for City; 45 for COnsoli-
dAtion 60 for Commonwealth 20 for Corn
Exchange. and Ga for Union. fa.
Canal shares continue dull. Lehigh Naviga-
tion sold at 40@405, decline. Is was bid Tor
Schuylkill Navigation common; 26s for, pre-
ierred do; and 15 for Susquehanna Canal.
Quotations of Gold-lOa A. NJ, 143s; IL A. NJ,
l434; IL NJ, l433; l p. NJ, 143s, an advance
of on the closing price last evening.
The New York Tribune this morning says:--
money is in good demand att per cent, and next
to nothing is done cheaper. The demand for
mercial paper Is small at for BEST and and 10 for
second grade. The Sub-Treasury has bought freely
of730s and placed the money the command OF bof-
rowers but Il does not produce the expected relief
The ball ance at the 6ub-Treasury shows increase
while this process has been going on but II WIN
disappear when the accounts are sent to Washing-
ton The Boston banks short $l,75OoQO Of legal
tenders and 1t is understood In bank circles that
the New England banks, mass, have still to
prepare for the quarterly state ment. The remote
country banks have commenced to draw for their
balances"
The Cincinnati Gaze G of Tuesday savs:-
"The demand for money not pressing to-day
and in quarters 1t was reported quite light but
taking one day with another. the banks have as
much paper offered to them they abe to take,
and the character of the demand is virtually too
much in the shape OF renewals for strictly healthy
market Currency is daily working closer and rates
of interest firm at SOTO per cent for hrst-class
paper In the open market money Is readily taken at
lO@l12 per cent on ample security. Exchange Is in
good demand with diminished receipts and rates
frmer at par buying and Soc premium selling Some
checks we re drawn at one-tenth Premium"
The following Is the weekly statement of the