The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-09-12
EzNAN0EAND COMMERCE..
oryIcE OF THE EvENINa TE1HenApH, |

There was rather more spirit at the Stock
Board this morning. The sharp upward turn in
gold, which has now reached l46i, manly the
result OF political complications at the National
Capital, has had the effect to unsettle com.
mercial values, and restrict legitimate trade
outside of those departments, which are, for
the most part, given over to spectators.
The general run of commodities, both foreign
and domestic, are held higher, but the great
mass of dealers and consumers do not respond
with the alacrity that they doubtless would if
they recognized the necessity for an advance.
There was an upward tendency in Government
loans, and the 5-20s advanced. The closing
figures were ll1{@ll2t; l095@ll0 for the Gas;
1l41l44 for the 62s; l68s 0l6Ss for the policies;
992 tor the l0-40s; and 107t@l074 for the 1905.
State loans were unchanged. City loans were
in better request, with sales OF the new issues
at 1OO5010l, and the old at 80.
There was rather more doing in railroad
shares. Reading Railroad closed at 52b; Penu-
sylvania Railroad sold at 693; Camden and
Amboy at 126; Catawissa preferred at 26S; and
Elmira preferred at Alt; l243 was bid for
Philadelphia and Trenton; rs for Little Schuyl.
kill; 65 for Germantown; 673 for Minehill; 564
for Lehigh Valley; 284 for philadelphia aud
Erie; and 422 for Northern Central.
In Canal stocks the only sales were Of Lehigh
In Bank shares there were no transactions
worthy of notice.
Passenger Railroad shares were dull. The
Quotations of Gold-103 A. NJ, 146; IL A. M,
l46a; IL M, 146a; l P. NJ, l45t, an advance of
on The closing price last evening.
The New York Tribune this morning says:-
money on call is 5 per cent for new business, and
are eft at less but they are excep!io5a The tend,
the october Of the banks 70 reach
per cent with commission 1Sdsd the regent In,
ofa character 10 give call loans az cneap
have increased from remittanoss OF compound notes
held by country banks as as upon upon which
New York where interest It's j. allowed upon upon balances
feTreG to The banks owning it, process which may
| aud probably will reduce the reserve in the city
sharp contraction on their short loans" ''''
William p. Wright says of cotton:-
It appears probable that with average weather the
crop may be reasonably estimated at not less than
26OOOOo bales on which figure public opinion seems at
been as favorable as could nave been wished still The
chief Importance 70 be attached to The reported re
throw the picking season into the shorter days; 70
ports attributed the Of the receipts Of new
cotton being less, thus far, than was anticipated
creased es d0T %SSTEe,I9E and ruling
ward Ii All supplies very soon."
We extract the following from the Mobile
annual Price Current
''TransactloDs in cotton during the past season
show anything but favorable results; almost every
doubted the wisdom Of planters shipping to Europe
years sustans US in this opinion Cotton which will
pay there will also pay in this market, and be
crop III year is fully three weeks behind md 1t Is
impossible form any correct estimate OF What the
yield will be, different interests varying in their
'guesses' at from two TO two and half millions.
general crop news very u9fAvorsble. although in
some sections the worm and drouth have done some
damage, but with favorable picking season have
reason TO hope that the number OF bales made will be
cor that of last year. Estimates from
Alabama range from 100000 to aSOooo, $4,000 being
the favorite figure"
The San Francisco Market ReuielO of August
10 reports as follOws;-
eve again record an easy money market. The coin
reouremens for the Interior 70 move the crops are
! very considerable. However, the movement pro-
duces little strnRency. since The supply or capt'
tai continues abundant and we may say ls
ting against active trade which must naturally
follow THE rates in bank rule at 16Dlh cent. for
frstclass names under ordinary demand tor COM
mercihl purpose, and on mortgage uniformly AZ per
cent. per month"
PHILADELPHIA STOCK EXCHANGE SALES TODAY
Reported by Dehaven d Bro, No. 40 8. Third street