The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-05-27
Lead R."......... 5lta 100 sh /
ETnGV DnADn

-Messrs. william Painter g. Co., bankers, No.
S6 South Third street, report the following
rates of exchange to-day at IL o'clock;-
5-20s, coupon, 1852, 1094@l095; DO, 1864, l05i@
LOG; do, 1865, 1868 91064; do. new, 1Os
@loSl; Is, l0-40s, 994@99f; q. s. 7:3Os, lst
Series Sc lESgfSS do "a ses
December, 1864, l6t; May, 1866, l4f; August, 1865
Gold, 1868.
-Messrs. De Haven Il Brother, No. 40 South
Third street, report the folio wing rates of ex-
change to-day at P. M.:-U. S. 6s of 1881, lll9
@ll1&; do. 1862, 1O9a@1O9g; do. 1864, 1850
LOG; do, 1865, 1903 @l068 do, 1865 new, 1850
lO8t; do. 5s 1O40s, 99s0994; do. 73Os, Aug, 1868
l05b; Compound Interest Notes, June, 1864, 1l9s
0ll9S; do, July, 1864, 1888 @ll85; do. Aug, 1864,
llSk@ll83; do, October, 1854, ll7t@ll7S; do,
ber, 1865, 1lsa@1l3s; October, 1865, 1l25@ll3t.
Gold, 136s@l365 Silver, l3O9@l32.
Retormatories for Stock GambIerS.-It is
starting TO note how the army Of small speeuiStErs
mate business has been depressed; HUNDREDS have
Market try their luck. They scrape together what
money they can, select their brokers' deposit their 10
then SIT down like cat at hole TO watch for game.
They become inyeterate iders vagranls and tippers
From O'Clock In the morning TO 9 in the evening
and guzzllng at Delmoncos. Day after day the same
familiar faces seen filling the streets and the
wander like troubled spirits from pillar to post,
waiting for fortune to smile on them, and hoping TO
get rich without labor 1t is useless 20 warn them OF
them. Ruin is certain to overtake them speedily.
There enough genteely dressed, able-bodied
Vagrents hanging about the Stock Boards to raise
garden truck for all the markets of New York, II
systematically to work in the country. 1t is dis
gusting how idleness and vice take hold on
them. There is no better nursery for gamblers and
topes in this city than the pureus OF Wallan Broad
streets.
The number Of brokers and members of the Stock
Boards has increased no less rapidly than the army OF
outsiders and hangers-on. There are far too many
trying TO get alYing out Of stock manipulations No
doubt certain degree of speculation Is favorable TO
the apprt citation OF railway shares. II stimulates
works. Brokers are useful TO the mercantile coinmu-
nifty so long IS they contlne themselves strictly 70
commission business ~ legitlmaIe transacsions5 10 ou
brute struggle between 'bulls' aud "bears," 70 see
which shall wipe out the other, IL becomes Gdvhntn
geous not only TO the public but 10 the brokeia
minating process Just ofen exercise q
Ing effect upon demoralzed peoples anq oon ~ dead
lock between the Two rival factions ben sesreey
tuated somewhat but the range mas nd thoSe Win
more than two per cent IN thal ~ 1roits by sud-
have been expecting rich harVest ~ dbe n aret
den advance begin 10 feel discouraged a. ny
langulshes. Onentimes during VIZ saryas nv sinesi
dead, and brokers ~ up up Roem or by shouting and
eaferwauiing There is scarcely anythihg uone Dy
outsiders excepting by those & a'gs"t 81 tb re as
teLre" ~ oen @ ~ lined However, change must
faLs nece evenfualiy. and opinion Is about equally
dividsd AS 10 whether stocks are 70 advance or de-
cline Trade has It's tricks Wall street operators
,frsa wealth and experience enable them to control
tbyyoneh Carrying stocks, and the other BY forming
snoosV id Is noticeable that the public almost in-
yeTably buy stocks when they are high. and sci