The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-11-07
FINANCE AND COMMERCE..
OFFICE OF THE EVENING TELEaRAPH. !
WhnrSdaY. Nov Z. 1877

The Stock Market was inactive this morning.
but prices were without any material change.
Government loans were firmly held. July 65 5-2Os
sold at 1913, no change; 1909 was Did for 10. .40s;
1llb Tor 6s of 1881; 1868 for 1905; 1881 for 62
5-20s; 1864 for '64 5-20s; and 1861 for 65 5 2Os
City loans were in fair demand; the new ISSUE
sold at lOl&@l02 an advance of l.
Railroad shares, as we have noticed for some
time past, continue the most active on the list.
Reading sold at 47B@48, no change; Pennsyl-
vania Railroad at sos no change; NorrIstown at
643, no change; Lehigh Valley at 5l305l5, no
change; Philadelphia and Erie at 24i, decline
of 4; and Northern Central at 434, an advance Of
L. 124 was bid for Camden and Amooy; 81
tor Minehill; 81 for North Pennsylvania; and
22} for CataWissa preferred.
In City Passenger Railroad shares there was
very little movement. West Philadelphia sold
at 60; GA was bid for Tenth and Eleventh; l8
for Thirteenth and Fifteenth; % for Spruce and
Pine; 44s for Chestnut and Walnut 81 for Hes
tonyille; 263 for Girard College; and SO for
Union.
Bank shares were in good demand for invest
ment at full prices, but we hear OF no sales.
100 was bid for Northern Liberties; 30 for Me-
chanics'; l05 for Southwark; Ito for Trades
mems; 20 for City, and 81 for Union.
Canal shares continue dull. Schuylkill Navi-
cation common sold at 10. no change; and Le-
high Navigation at 343@34s, a decline of !. 22
was bid for Schuylkill Navigation preferred; and
10 for Susquehan ma Canal.
Quotations of Gold-l04 A. NJ, 1881; IL A. NJ,
1888; IL NJ, 190; l p, NJ, 18s5, decline OF 4 on
the closing price last evening.
The New York Tribune this morning says:-
"Money is abundant to stock houses at GOT
per cent. Commercial paper sells at 7@9 for
best and l00l2 for quite strong names. The
reduction in the price OF speculative stocks as
compared with last year at this date. enables
parties dealing in them TO carry them with COM
paIatiye ease.
"Foreign exchange is dull. London, 60 days.
09S@l094; sight, ll0B@ll Paris, long, 5'l5;
short, 5I24; Antwerp, 517806l64; Swiss, 5I78
05'l64; Hamburg, S6i Amsterdam, Alt; Frank
fort, 40b0D4l; Bremen, 78i@79; Berlin, 720725."
The Boston Traveller Of yesterday remarks:
-"Loans of the hrstcass were effected IN few
instances this forenoon on call at 5, but the
common rate was per cent Discounts OF prime
| commercial paper we're made at Z but lower
! grades ranged from to IL per cent. ConsideIa'
| BILE business was done both in loans aud dis
counts at intermediate fractions, and the supply
of currency was larger than the demand for IFS
use, at the banks and in the street.D
| The Chicago Tribune of Monday says:-
| "The week closes on a stringent money mar
! ket. The banks see the Rbsurdity of attempting
TO carry grain to be held here for the benedt OF
local speculators, aud many loans are being
| called in. Borrowers on speculation find little
| favor but there is every disposition shown to
| accommodate shippers, by accepting short-time
| hIlls against cargOes. Several OF the packers
ore at work, and more will commence as soon
| as the weather becomes more favorable. In tue
| meantime they are making arrangements for
| money TO carry them through the season.
| ''There Is a good inquiry from the lumbermen
| for discounts. The stock of lumber now in the
4 hands Of dealers Is estimated by c0mpetent
Judges 70 be in the neighbOrhOOd OF S26,OO0,OOO'