The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-08-01
FINANCE AND COMMERC,E.
OFFICE OF THE EVENING TELEGRAPH
IHhnrsdau

There was a continuation this morning of the
dullness which has characterized the market for
many days. Speculation is at q dead halt, and
there is no outside support whatever to any
movement looking either to rise or fall
There appears to be no confidence whatever in
any operations beyond the Government and
other substantial securities, There was mode
rate inquiry for Governments, at 1919 for jane
1905; registered '62s at 109 and July 1865 at
1881. The long loan Of 1881 sold at ITO, and
registered l0-40s at l02.
State and City loans were in demand, For
the lst series OF State IS l0ls was bid; for the
I'd series 1921, though not offered under 1924;
and for the third series lO2 was bid. The taxed
loans of the CITY were freely selling at SO, and
100 was asked for the untaXed.
In the Share market there were no change of
special moment Pennsylvania Railroad was
still weak at $50. Reading was selling at 534
and interest. Small lots of Camden and Am
boy brought 1868. The bids on the balance of
the list were up to the general average, viz. 4:
l22 for Philadelphia and Trenton, GA for Norris
town, 81 for Minehill, 95 for North Pennsyl-
vania, 684 for Lehgh Valley, 40 tor Elmira pre-
ferred, and 444 for Northern Central.
In Canal aud Bank stocks there we're no sales
of Importance.
The best bids for Passenger Railroad stocks
were as f0lloWs:-77 for Second and Third; 62
for Tenth and Eleventh; 295 for Spruce and Pine;
l3S for Hestonville; 30t tor Green and Coates;
and 81 for Union.
Our quotations for Bank stocks remain un-
changed.
The Money Market is very easy, and there is
no difficulty whatever in parties of good stand
ing obtaining all the fHnds they desire on call
at 406 per cent. The banks are discountiDg
all the good short business paper that is offered
There is little OF a prime character on the
street.
Gold opened this morning at l4O, and at 12l
O'clock stood at 140b.
The exports of specie for the past eleven
weeks amount to S25, ,5l2, ,299. For the week
ending July 28 they amounted to SIS, ,49l $50,
These shipments have been on larger scale
than was expected in view of the glut of gold i'm
Europe; the Bank of England having held
922,5 ,54l, ,23l of coin and bullion on the 10th in.
slant, while at the end of June the Bank of
France held the still larger sum of f35. 100 OO0
IL is a matter of considerable interest and snecn
lation how long this stagnation OF capital will
last, and what channels of employment II will
be likely to find. The opiuion is entertained hv
many on this side of the Atlantic that 4 nortioII
OF the immense amount of capital now lvinU idIa
in the United Kingdom and on the Continent viii
be attracted by enterprises In the United States.
and there is little doubt that the political recon
struction OF the Southern States was an accom-
plished fact, the attention of European csnital.
ists would, In the present state OF monetary
affairs In the Old World, be directed 10 our vast
undeVeloped sources Of wealth, Sooner or later
the political end In view will have baen attained;
but meanwhile we shall have missed an oppor-
tunity which may not soon occur again; for so
long as reconstruction is not fully consummasesdl
tne ulumate result is open TO doubt, ana tuis hh
CReatea surasient diSsruAf Of the future 70 checA