The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-08-20
FINANCE AND COMMERCE..
OFFICE OF THE EVENING TELEGRAPH,l
Tuesday, August 20, 1857,

Tuesday, August 20 1867.
The Stock market was excessively dull this
morning, but prices we're without any material
change. Government bonds were in fair de-
mand. 1865 5.20s sold at ll02 1929 was bid for
l04Os; ll34 for 62 620s; l0SS for July, 65, 52Os;
1895 for '64 5-20s; lila for 6s OF 1881 and lU7t@
1919 for June and August 7-30s. City loans we're
unchanged; the new issue sold at lll3.
Railroad shares were inactive. Philadelphia
and Erie sold at 2SI@28s, decline of 8; Cam
den and Amboy at 1879, slight declines, and
Reading at 52s, no change. 63t was bid for
Pennsylvania Railroad; 81 for Minehill; 20 for
Elmira common; 40 for preferred ditto; 284 for
Catawissa preferred; and 434 for Northern Cen
tral.
CITY Passenger Railroad shares were firmly
held. West Philadelphia sold at 66t. 76 was bid
for Second and Third; 1914 for Thirteenth and
Fifteenth; 46 for Chestnut and Walnut; l33 for
HestonVile; 80 for Green and Coates; and 26t
for Girard College.
Bank shares were in good demand for invest
ment at full prices. Mechanics sold at 81, no
change; l07 was bid for Seventh National; 1864
for Philadelphia; 574 for Commercial; 6S for
Penn Township: so for Girard; 20 for City; and
In Canal shares t6sre was very little move
ment Morris Canal preferred sold at ITO, no
change; 29 was bid for Schuylklll Navigation
preferred 46 for Lehigh Navigation; and lot
for Susquehanna Canal.
l4l2; IL NJ, l4l3; P. NJ, l4ll.
The New York Herald of this morning says:
loans are still made freely to stock houses at 4@5
per cent while the principal dealers In Government
securities amply supplied by private leaders at
g. The discount line continues 10 show more ACTIVITY
to per cent according 10 names and the length OF
time Il has to rum The banks reluctant 70 take
paper with more than ninety days uneXpred. The
general rate for the best grade is per cent although
some banks unwilling to do business below 7,
Bank officers anticipate or even q per cent
to hold the funds in readiness accordingly. Their
reserves are, however more than twelve millions In
excess of the legal limit and as their deposits are
Withdrawn the amount of their necessary reserve
will be reduced In proporton.|
The Chicago Tribune of Saturday remarks: :
'The offerings of New York funds were not so large
bn the market again fiat, and we heard oi
no transactions better than 16 Off The Counter
rates are unsettled at 16CGlO discount, and par 60
market presented no new features. The demand FOR
currency TO 20 TO the country was quite active as
ncch 40 as yesterday but as several of the banks
received remttances from New York this morning
the market actually without change. From an-
ticipation, however, it was, Il anything, o shade
ened 10 accept long paper knowing that the present
demand for currency for moving the crops is mere
dron in bucket compared TO what IL VIII be
three weeks hence Large remittance8 OF currency
have teegraphed for and will arrive tomorrow
Ouite a large amount OF Compounds was received
much inconvenienced because the Treasury Depart
ment has not made any arrangements 70 make this
CITY a redemption point"
The CinoinndH Commercial of Saturday re-
marks;-
"The money market is close, not from any exces-
pYe demand Tor loans, RRt tT0m the heElYe employ.