The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-12-02
FINANCE AND COMMERCE.
oYrIcn OF THE EynN1Ne TrLnanArH,(

Monday. Dec. 2. 1857. J
The letter of Hon. Robert ]. Walker is the
principal topic of discussion on the streets to-
day. and many of his views meet with very
general approval. That portion of the letter
which discusses the question of payment of the
Five-twenties In gold. meets with universal
commendation. Much doubt is expressed as to
whether or not the securing of the proposed
foreign gold loan is either practical or desirable
the current of opiniOn apparently setting
strongly against it. All acknowledge the ability
of the writer, and consider his essay remarkable
for its dispassionate tone, and we'll calculated
to do good in these days, when reputation in
fact, If not in name, has open advocates on the
floor of the House.
The Atlantic Monthly for December con-
tains an able and carefully prepared article on
the subject of the Pacific Railroad. 1t Is written
by one who is thoroughly familiar with the sub
iect, and conveys the elearest idea of the differ
ence between the two lines, that we have met
with. The srticle treats mainly of the Kansas
and Nebraska, branches designating one as
the channel of the Philadelphia, Pittsburg,
Cincinnati, and st. Louis trade the other the
New York, Lake, and Chicago trade. We have
but little doubt that the current of traffic will
flow substantially in the channels marked out
by the writer. His estimate of the magnitude
of the work being accomplished by the Central
Pacific Railroad, in cutting its way through the
Sierra Nevada, will convey an idea of the ex.
pense and trouble which that Company has
undergone. 1t promises great things for the
future of the road.
The Stock Market was excessively dull this
morning, and prices were unaltered and droop-
ing. Government loans were fraction lower.
IS of 1881 sold at ll3, no change; l0l4 was bid for
l0-40s; 1868 for 1905; 1919 for '62 520s; los for
'64 5-20s; 1864 for 65 5-2Os; and 1919 for July
65 52Os. City loans were unchanged; the new
issue sold at 9s2, interest off.
RalIroad shares were inactive Reading sold
at 47kD49 94-10O, slight declinei Pennsylvania
Railroad at 90, no change; and Catawissa pre-
den and AmbOy; 20 for Little schuylkill; "a for
NorristoWn; 562 for Minehill; sos for Lehigh
Valley; SO for Philadelphia and Baltimore; and
25b for Philadelphia and Erie.
In City Passenger Railroad shares there was
more doing. Second and Third sold at 76;
Chestnut and Walnut at 45; and Green and
Coates at so, no change; 6S was bid for Tenth
and Eleventh 1874 for Thirteenth aud Fifteenth;
6S for West Philadelphia; and lO4 for Heston-
vile.
2S6 was bid for North America; 6lt for Com,
mercial; los for Kensingtonj 90 for Girard; 80
for Manufacturers; Il tor Cityi and Al for Con-
solidation.
Canal shares were dull. Lehigh Navigation
sold at 32A032s, an advance OF /; 124 was bid
for SchuYlkill Navigation common; 81 for pre-
ferred do; sS for Morris Canal preferred; IL for
Susquehanna Canal; 47s for Della ware Division;
and SO for Wyoming Valley Canal
Quotations of Gold-1Oa A. NJ, 1879; IL A. NJ,
1877; IL M, 1861; i p. NJ, 1851, decline Of Ii on
the closing price of Saturday evening.
PHILADELPHIA STOCK EXCHANGE SALES TO-DAY
Reported by Dehaven Bro, No. 40 8. Third atreet
BEFORE BOARDS
100 sI Phil q E.-bSO 20 100 sh Phil Il E...s60- 25z
FIRST BOARD.
ESQ Pa 6s, SseRies.....l05 800 do ...-ls-b3O- S2k
4ILOO City 6s, N..c&p- 98x "a do-...-S5wn- e2X
1900 & At2 M 6s..~ 765I 100 do....... boo S2S
$4,000 Sch N 62..... ~ lOo ah Cata Prf.......
200 Bh Read R.....o80- 47'9il 100 do..-....... 2lH
100 dO........--c- 47'9i 100 do............. 2lE
100 do-..-s5Wn- 47Xl sh "a Il I'd Sts r.. 70
400 dO-....... So 47Xl 2sh Ches a WaI..-- as
eco do......,...ls- az o. sh CIR Il Coates,... no
Bh PonnA R.....ls- so
-Messrs. De Haven q Brother. No. 40 South