The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-02-20
FINANCE AND COMMERCE.
OFFICE OF THE EvENNG TELEeRAPH,
Wednesday, February 20, 1867.


The Stock Market was very dull this morning
and prices were unsettled and dropping.
Government bonds, as we have noticed for some
time past continue in good demand for invest
ment. July, 1865, 5-20s sold at 107 for small,
and 1861 for large, an advance of B. and August
730s at 1868, no change. 1918 was bid tor lO-40s:
ITO for 6s of 1881; 1ll4 tor old 5-2Os; and 1855
for July 1905.
City loans were dull; the new issue sold at
10l and old do. at 964 no change.
Railroad shares were inactive. Reading sold
at 51l@5lb, slight decline; Pennsyl ylyania Rail-
road at $50, a decline of 4; Mmehtll at 81, no
change; Lebigh Valley at 81, no change; aud
Norristown at 5lt, no change; l29 was bid for
Camden and Amboy. 4-
City Passenger Railroad shares were dull.
Union sold at 4O8; and Thirteenth and Fifteenth
at 20l@20b, an advance OF 4; 81 was bid for
Spruce and Pine; 473 for Chesnut and Walnut
264 for Girard Colleee; aud 13 for Ridge Avenue.
Bank shares were in good demand for invest.
ment Girard sold at 56s 1853 was bid for Phi
ladelphia; Sc for COMMERCIAL; 100 for Northern
Liberties 95 for Western; 3l9 for Manufactu-
rers'; 100 for TTadesmen's; SO for City; go for
! Commonwealth, and l24 for Central National.
In Canal shares there was very little move
ment. Lehigh Navigation sold at 544 slight
! decline; 22s was bid for Schuylkill Navigation
| common; 32t for preferred do; l2l for Morris
| Canal preferred; 13a for Susquehanna Canal;
and 534 for Wyoming Valley Canal.
Quotations of Gold-1Ot A. NJ, 1861; IL A. NJ,
! 1869; IL NJ, 1877: / p NJ, 1873, an advance ofs
on the closing price last evening.
jay Cooke Il Co., Drexel & Co., De Haven
! Bro, announce their readiness to make conver-
sions INTO the consolidated Fiye-twenties of
| 1865 OF all three issues OF the Seven-thrues, on
| terms highly advantageous TO the holders Oh
| these Treasury Notes, the first series OF which
! will mature in the coming month of August,
! while the second and third issues Will not
mature before the respective months OF June
AMI July, 1868. The consolidated Five-twenties
bear interest in coin at the rate of per cent.
per annum, which, with gold at even 1876, is
| equal to 8 lilo per cent in lawful money, while
| 10 rat n Interest
notes is $40 per cent. per annum. IN ~ u.
PROFITS ON THE EycHANGE.-The principal
business done on Third street is the conversion
OF the Seven-thirties into Five-twenties. At
present rates good profit is made by those
holding the Seven-thirtes issued in August; tor
instance, bond Of
$1,000 Ct sGs BASEL sell ,H.,: for slO685S
$1,000 2Ss eos Of G~J July cost $lO6o.0o wv -
Interest in gold S'33
Premium on gold 2'69-lO48.9s
s1O.57
The New York Tribune this morning says:-,
Money is quoted at 6C97 per cent, and the
latter has been paid by good houses OH best
collateTals. Exceptional loans are made at 5,
but these cases are getting less frequent. In
commercial paper the rates are per cent. for
best names, and quite high prices for paper not
in best credit. There is large counter busi-
ness in 7'30s and 5-S0s, the public being dis
posed to sell the former and buy the latter, to
get the profit made in the exchange. For the
moment the advantage is equal to so days. accu-
mulated interest in gold on the 5-2Os, minus
two commissions, or 1 per cent"
-Messrs. De Haven Il Brother, No. 40 South
Third street, report the following rates of ex-
change to-day at P. M.:-American goId, 1861
@137; Silver 9s and IS, lSl Compound Interest
Notes, June, 1864, l7s; do, July, 1864, II; do,
August, 1864, l65; do, October, 1864, l5i; do,
December, 1864, IA do, May, 1865, IL; do,
August, 1865, IL: do, September, 1865, 1Os; do.
| October, 1865, l0l.
-Messrs. William Painter Co., bankers, No.
SO South Third street, report the following rates
of exchange to-day at II O'Clock 80. S. IS, 1881,
coupon, 1104@1lO@ Y. 8. 6-2Os,, coupon, 1862,
| lll@ll14; do, 1864, lOs@l0S5; do, 1866, 1Os5
al09i; do. new, 1O6@l064; l0-40s, coupon l0lt
@101}; U. S. 7'30s, lst series, 1O52@1O6:
do, 2d series, lO5b@1O5l; Sd series, lO5901O59.
| Compounds. Decemb Der. 1854 l4h@l44.