The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-03-12
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TELEeRAPH,l |
Tuesday, March II, 1857.

The Stock Market was dull this morning, and
prices were unsettled and lower. GOVERNMENT
bonds were inactive. June 7'3Os sold at lO6g;
1904 was bid for old 52Os; 1894 for 6s of 1885 918
ior 1O-40s; and 1864 for August 1905. City loans
were unchanged; the new issue sold at lOlbD
IO2; and old do at 974.
Railroad shares, as we nave notlced Ior s0ne
time past continue the most active on the list.
Reading sold largely at from 5l@6l4, closing az
the former rate, a decline OF ]; PennsylVanla
Railroad at 81, an advance OF 81 and MOTIFS
town at 81, no change; ISL was bld lot Celnuen
and Amboy; 80 for Elmira common, AZ t0r pre-
ferred do. /; IA for Catawissa common, 20 for pre-
fered do. IS for Philadelphia and Baltimore;
20 for Philadelphia and Erie; and 40 for North
City Passenger Railway shares were dull.
Girard College sold at 2S; rs was bud for Second
and Third; 60 for Tenth and Eleventh; ~
for Thirteenth and Fifteenth; y for West Phlla-
delphia; IA for Hestonvllle; lO Tor hldge
Avenue and 405 Tor Union.
Bank shares we're in good demand for invest
ment at full prices. 1913 was bid Tor FOurCn
National; 1853 for Philadelphia; 1876 for Farmers
and Mechanics; 323 tor Mechanics; lOO Tor
South wark; 100 for Kensington; So for Penn
Township; So for Girard; 90 tor Western; 100
TOR Tradesmen's; 45 for Consolidation; 60 for
Commonwealth; and 125 for Central National.
Canal shares were firmly held. Lehigh Nayl-
cation sold at 533, no change; % was bid for
SchNylkill Navigation common; 81 for preferred
do. do; 10 for Susquehanna Canal; 654 for Della
ware Division, and 56 for Wyoming Valley
Canal.
Quotations of Gold-1O5 A. NJ, 1348; IL A. NJ,
1874; II NJ, 1853; / p. NJ, 1884, decline OF
on the closing prlce last evening.
The Money Market is working easier in
Boston than when we last referred to 1t, conf
depce, which was shaken by the recent bank
and stock-jobbing irregularities in that city,
having been restored. AT Chicago some of the
discount houses report fairly active demand
for money, called out by the speculative move
ments in produce and provisions but elsewhere
the amount of paper offering is very light, and
the demand for accommodation is mainly con-
fined to renewals. The banks favor only the
best names, and these pass at ten per cent. In
the open market money is more abundant, and
loans are negotiated on approved paper at 146D
IA per cent. per month. Exchange on the East
is coming in from the interior, and the market
is less firm and active although over the counter
rates remain steady at par buying and lilo
premium selling.
The New York EerdLd this morning says:-
The supply ofmoney was more abundant than last
week to the Stock Exchange, and loans made In
many cases at cent, although the rate usually
asked by the banks was 7. In two exceptional
cases large amounts were loaned to rst-class parties
Government securities at D.. In the discount line
there is increased activity aud the best grade OF paper
submits to per cent. The amount OF commercial
paper Offering is probably ten times large IL
year ago. The statement OF the associated banks
for the week ending the 9th instant mad favorable
effect in STRENGTHENING confidence in continuance of
monetary ease. The legal-tender notes show in
crease OF 5O925, and the deposits of S226i6 63 The
loans nave increased SOoOZ OWN chiefly to the en-
| larged volume of business on the Stock Exchange
The specie has decreased $7ll i99. owing to with
drawals for custom duties, and the circulation has in
creased Sll5,37s