The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-12-23
FINANCE AND COMMERCE..
OFFICE OF THE EVENING TELreRAPH,l
MOndau

Inere was ratner more d1Bp0s1tlOn TO operate
in stocks this morning, and prices were 6rmer.
Government loans were in fair demand; 7.3Os
sold at lO44@1O4s, no change; lola was bid for
lO4Os, 1l24 for es of 1881, los for 62 52Os, 1864
for 64 52Os 1854 for '66 5.2Os, and 1881 for July
'66 520s City loans were unchanged; the new
issue sold at SO and old do at 95, interest off.
Railroad shares were the most active on the
list. Camden aud Amboy sold at 127, no
change; Pennsylvania Railroad at 504@5O3,
an advance of g.; Reading at 4st, slight ad-
vance; and Lehigh Valley at 5lt, an advance
of 1; 26 was bid for Little Schuylkll; 64 for Nor
ristown; 81 for Miuehill; 33 for North Penn
ssylyania; 2S4 for Catawissa preferred; and 2s4
In City Passenger Railroad shares there was
nothing doing. "a was bid for Second and
Third; &C for Tenth and Eleventh; AT for Ches-
nut and Walnut; GA for West Philadelphia; 10t
for Hestonville; and 373 for Union.
Balk shares were firmly held at full prices.
Mechanics sold at 30, slight advance; and
bid for City; 62 for Common wealth. and 65 for
Corn Exchange.
Canal shares were dull. Lehigh Navigation
sold at 30@30}, closing at the former rate, a de-
cline Of /. l24 was bid for Schuylkill Naviga-
tion common; SO for Morris Canal preferred; and
81 for Delaware Division.
Quotations of Gold--lO3 A. NJ, 1885,; IL A. NJ,
1884; IL NJ, 1873; 1 P. NJ, 1884, a decline of
on the closing price of Saturday evening.
The N. Y. Herald this morning says:--
''The supply of capital available for employ
ment on the Stock Exchange was in excess of
the demand during the week, and loans were
made freely to 6rstclass houses, both by the
banks and private lenders, at six per cent,
slthough seven per cent was generally asked for
small and moderate amounts on miscellaneous
collaterals. The transactions at this. rate,
SsSs the eose AND very On @
found 1t difficult to obtain six per cent, and
balances were left with some of the leading
dealers in Government securities at per cent.
In a limo fh0rn nuro5 an6n aakn al
easy movement, the dIstrust of credits which
prevailed for some months prior to the passage
of the bill suspending contraction by the House
of REPRESENTATIVES having given place to a more
confident feeling in the immediate future Of
financial and commercial affairs. The banks
have been lattery taking the best grade of their
customers paper without hesitation at the legal
rate, and in the open market, prime names
have been in requett at 7@8 per cent,
with most of the transactions at "a. Tue
disbursements of the Treasury iu payment oethe
semi-annual interest due on the 15tn inst. on
the June seven-thtrties, and also in redemption
of the December compound interest notes,
which matured on the same date, contributed
10 SVEN the volume OF loanable funds, while the
Western exchanges continued slightly in favor
of this centre. OF $9, ,976, $50 of compound notes
presented at the sub-Treasury, $s,5sO,OOO were
redeemed in three per cent. certificates. The
statement of the associated city banks for
the week ending yesterday reflects this con-
oHaiI diu2n T 1t growing ease in monetary
Ssr Their re- cry Of notes
S588, 333, while their loans show a reduction of
81, lO2 1872 their specie Of ST. 41s 739, and their
circulation of $9O,8l0. Their liabilities in de-
posits and circulation amount to $21l 65l, ,684
against which they hold reserve of $7l 1885
in specie and legal tender notes, or SlS s66, GOO
in excess of the legal limit of twenty-five per
cent, which would be s52sl2,92l. II we de-
duct the specie, from the reserve, no wever, we
find that it is only $5,S9s, ,5ll above the limit"
The N. Y. Tinaee this morning says:-
"The Gold Room was dull through Saturday,
and the sales ran down to l3330l334 per cent
subsequently returning to l333@l332 per cent
The shipments of the day fell nearly one-hal'
short oi Fridays estimate, owing to the unex-
pected appearance of a large block of bills on
London on Messrs. Barring Brothers, drawn to
the the extent OF 9350,oOO, equal to 81, ,75O, 900 in
eold, by Messrs. Duncan, Shermrn & Co, The
object OF the negotiation is not known The
bills were sold in sums of ESQ, 0O00 f75, 600 each
and taken by the other bankers. The ship
ments eI BY the days steamers were $6O6,74
making for the week 81, ,584, ,206. The Treasury
once received for Gold Customs for the week
$l,2l7, 600, and paid out $2l7 900 for Gold In
Ierest: Inc treasury office olso paid out SIS, ,5O0-
600 OF the per cent. Legal-tender Certldcates
OF Deposit IN exchange for December Coupons,
and from this operation and the receipts OF
currency from the West the banks pain So, $780,
OOO IN legat.tender paper, while losing ST. 400 600
in their gold deposits. The loans at Bank are
down So, l6O, 600 from last Monday: the general
deposit line is about 100000 higher. The
money market OF the day closed easier at 8 per
low as per cent. per annum. The discount
brokers' quote 7C08 per cent. on prime mercan-
below 2 per cent" '
The Chicago Republican, Dec. goth, says:-
Local monetary affairs presented no new
features to-day. The money market was close
and stringent, and not even the best names
could be placed in all cases. The rates of
interest at the bauk and on the street were arm,
and quoted at 10 per cent. per annum, and
202s per cent. per month. Eastern exchange
in md and ratou
at par buying and lilo premium selling"
Returns from the principal hog markets in
the West indicate that the number Of hogs to be
brought to market will be much larger this sea-
son than in any previous year. The following
table shows the number packed in the four
principal markets to the l4th Instant, and also
the number to the corresponding time last
year:-
81 sJ''''''''' 24l l0I,0OO
26,9S9 8SO76
17943B