The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-08-12
FINANCE AND COMMERCE..
OFFICE OF THE EVENING TELE9RAPH,l
Monday, August IL, 1857,


The Stock Market opened very dull this morn.
rng but prices we're without any material
change. Government bonds continue in steady
demand. 10 4Os sold at 1O3, slight advance
lO76@lO74 was bid for June and August 1905;
lI3s for 1862 5-2Os; ITO for 1864 5-2Os; 1lOB for
1865 5-2Os; and 1Os4 for 1866 5-2Os. City loans
were also in demand. The new issue sold at
lOl{@lOl8, slight advance; and old do. at 81,
no change.
at 52t no change; 1874 was bid for Camden and
Amboy; 53t for Pennsylvania; 27t for Little
Schuylkill; 81 for Mlnehill; 35 for North Penn
sylvania; 5s4 for Lehigh Valley; 2st for Cata-
wissa preferred; 27 for Philadelphia and Erie;
and 45 for Northern Central.
In City Passenger Railroad shares there was
more doing. Hestonvllle sold at l34; West
Philadelphia at 60; Chesnnt and Walnut at 46;
and Second and Third at 794. 81 was bid for
Tenth and Eleventh; ls4 for Thirteenth and
Fifteenth; 20 for Spruce and Pine; 80 for Green
and Coates; 26 for Girard College; and 35 tor
Union.
Bank shares were in good demand for invest
ment at full prices. North America sold at 239;
l07 was bid for Seventh National; 80 for Ne
chanics'; ITO tor Southwark; SO for Penn Town
ship; 50 for Girardi 80 for Manufacturers; 20
for City; and 45 for Consolidation.
Canal shares were dull. 46 was bid for Lehgh
Navigation; l6 for Susquehanna Canal; and Is
tor Schuylkill Navigation common.
Quotations OF Gold-lO4 A: NJ, l40{; IL A NJ,
on the closing price Saturday evening.
The New York Herald this morning says:-
Money continues extremely easy and long as
borrowers in good credit supply their wants q 4
# must be femembered that the deGfand Tor stocks is
i ioaGed np With them Moreover shs opinion Of
the street is divided as to the future course of
mote rise IhaB It was when the bulls held undls-
sWS OUTSIDE sappoTI 20 ss
terial influence over prices, and hence we have
money Market i Would decline heavily but monetary
ease sust9ns t. and Us Sencepcy Is strongly Teac-
Gus obpy stocks at the @ current GHGtaSns Of and we
it for to enJeI is touch pitch How long money
will remain cheap and abundant is uncertain but
statement of the city banks for the week viii show no
sams on Ssn except on the STOCK
The supply OF commercial paper Is very light and the
best grade is quoted at 69T y cent"
-Ofthe Grain trade OF the lake ports the Toledo
Blade remarks:-"The early shipments OF wheat
from this port created quite furore among
Eastern millers, and the rapidity with which
orders have since arrived betoken very active
trade during the fall. The quality of the Grain
is the best ever shipped from the West, and not
a particle inferior TO the best ever grown on
the continent; In fact, 1t could not be better.
The splendid quality, together VITA the ProHdc
Weld through the country tributary to Toledo,
will make this q faVortte point with Eastern
buyers, and this city viii, to great extent,
monopolize the trade in winter wheat for the
next Twelve mOulnS az lOdsI.
Alta meeting of the Buffalo Board OF Trade
on wednesday, plan providing greater secu-
rlty for the buyer and seller Of grain was pre-
sented It. was as iollows:-
The Committee appointed to mature and report a
plan for greater security 70 the seller beg leave 70 say
that they have given the matter practical consdera.
ierent members of the Board. They first sought 10
devh a plan which should prevent the making OF
bills Of ladng by torwarders except sellers might
direct but they and no way 60 do Lhis except by
only long such excitement rs has grown out OF
recent transaction may last. They would at once
have recommended the adoption of the Chicago syss
tenn but the tact that we have no Inspection here that
would protect the buyer stood In the way They have
finally settled upon what will protect the buyer as
eiectually as Inspection. Objections can De made 10
this plan, Of oonrsethey be made 60 any piaa-
but they believe that their plan viii secure both
buyerand seller In their rights and will be So siole
trial. T---r7 3T fr.S-
Resolyed, That all deliveries OF grain shall be made
by certlhed order on the elevator. or BY order on
vessel accepted by master, aud said grain shall he
paid ior when thus delivered, by csrtided check
delivery " N