The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1867-04-18
FINANCE AND COMMERCE.
OFFICE oY THE EVENING TELKGRAPH,O
Thursday. Anril lS. 1857. I


The Stock Market opened rather dull this
morning, but prices were without any material
change. Government bonds were firmly held.
1898 was bid for 1862 5'20s; 1914 for July, 1865,
52Os; lO9b for 6s of 1881; 98 for l040s; and 1868
@l06 for June and August 1905. City loans
were In fair demand; the new issue sold at 1908,
and old do. at SO.
Railroad shares continue the most active on
the list. Camden and Amboy sold at 1914, no
change; Reading at 50S@50 44-l00, a slight
advance; Lehigh Valley at 57t, decline of /;
and Catawissa preferred at 2sb an advance of /;
56s was bid for Minebill; 324 for North Penn
sylvania; 80 for Elmira common; 40 for pre-
terred do; 13 for Catawissa common; and 2Sk
for Philadelphia and Erie.
In City Passenger Railroad shares there was
nothing doing. 49, was bid for Thirteenth and
Fifteenth; 20 for Spruce and Pine; All for Ches-
nut and Walnut; Y for West Philade phia; 49,
Tor Hestonville; 3Oa for Green and Coates; and
40 for Union.
Bank Shares were firmly held at full prices,
but we hear of no sales. -...|
In Canal shares there was very little move
ment. Lehigh Navigation sold at $50, no
change. 20 was bid for Schuylkill Navigation
common; 30 for preferred do; l55 for Susque-
hanna Canal; and 56 for Delaware Division.
Quotations of Gold-l03 A. NJ, 1869; IL A. NJ,
1876; Il NJ, 1863; / p. NJ, 1863, an advance of
on the closing price last evening.
Half million acres of land warrants issued
to Pennsylvania by the United States, for agri-
cultural colleges, were sold yesterday at the
Surveyor Generals Office, Harrisburg, at from
ffty-fve to sixty cents per acre. When it is
considered that there are over ten million acres
of these warrants already issued, and all the
Southern States vet to receive them and that
the same kind OF warrants issued to Maryland
Ohio, Kentucky, and other States, are selling
at only fifty to fifty cents per acre, the State
officers of Pennsylvania deserve great credit tor
having realized to the treasury nearly seventy
five thousand dollars more than the same
warrants could have been bought for of other
States.
RAILROAD BREAKDowNs IN ENGLAND
John Bull is conservative parsonage, aud is
ordinarily understood to keep tight hold of
his purse-strings, but be has been singularly
loose in his railroad and joint-stock enterprises.
E BFn oPSSy 6a ths
constructions, and then went to everlasting
smash, sinking untold sums OF capital.
a general rush into joint.stock companies
for every conceivable purpose, These
operations have eliminated, during the
last season, in one OF the severest financial
crises that have been known in England
for quartz Of century. on the heels OF this
road explosions. The London, Dover, and
Chatham Railroad Company. after expending
some S40OO0,OOO IN construction, has come to
grief on its bonds. And what is worse. some of
the holders OF its debentureS. finding stray
portions of its property lying around loose, to
the amount of million or more, seized upon
it in satisfaction OF their claims. The case was
carried TO court. and the late attorney of the
Cairns, gave legal decision which may be of
Importance on both sides of the Atlantic. II
WAS 10 Jn0 eueCL bDdb tn6 DODuS Oh "a TallTOdu
company do not run against the property of
the company, but only against its earn
ingS. The bondholders were thus turned
out of court. and the property they
seized reverted to the possession OF the Com
pany. The second case of disaster is that OF the
Atlantic and Great Western Railway which,
theoretically at least, extends from New York
TO ST. Louis. Large portions OF this road were
built during the war, and many compliments
have been lavished upon the magnlncence of
the ENTERPRISE and the magntdcence of the
British managers thereof Our readers will re-
member the visit of Sir Morton Peto, Mr.. James
Henry. and other gentlemen TO this country a
left behind them; which visit and coruscation
was in the interest of the Atlantic and Great
Western Railroad aforesaid. A dinner of in
conceivable dimensions and cost was given by
these gentlemen. at Delmonico's, to a large
number of American magnates, where many
zing promises made of the determination of
British capitalists loSet railroad things straipnt
ON this continent. Having made this disnIaV
and given this banquet to n company of some
$50 gentlemen, at cost OF S25 900 or $3.50 OOO-We
do not precisely remember which-Sir Morton
and his friends returned home. Now the whole
concern has exploded, after the manner in
which such tremendous things generally do
explode Among other things done at the time
OF this triumphal visit was the execution OF
most Wonder1ul mortgage by this Company
which pald the most wonderful and unnearus
of stamp tax ever known on this continent,
exceedlng, we believe, the sum Whioh george
Colonies In the way OF a stamp tax, ana Wnlcn
brought on the American Revolution sothat,
on the whole, there has never been anything
in the railroad world OF the United States
like unto the stupendous career ana end
Of the promoters and managers Of the At