The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-08-10
FINANCIAL ITENS.

The New York Tribune, Of this morning, thus
The gold speculation hals on the an nnouncems On,
ths. se I've mons on bsnpPed on Of the
The opening price WAS l47a selling AZ 47 and 1861
been sna the SoaSrs
so the een a1SS 0 sesI sns T9s
and are much disappointed with the result"
ls.te, and after dedueting al overdue amoSnts the
mas oyer t millions
January i 1862 The banks also mold s25 OOO 900 in
Ii be fully .ufiosns 10 supply what ercEsnis NAV
REQUIRE as the balance OF rade against us il be
and cotton; soysrnmen!s err are steady: with heavy
at ti2Iii2 10 1os were in den and "a ios 9S COS
The invests ent demand for the new bonds CONTINUES
moderate at unchanged rates.
The week closes on an abundant supply of money
at s@4 per cent ON call with large :amouns Offering
the middle OF the werk have al been returned. or
not but rates sre S snors eae psPsF pspas
viii not pass q better than psr cent. Long dates
Loans have been made for long lime on st sterling
colisursls during the week at from 6k per cent
and prudent houses are preparing themselves for
the strain that Will come wnen the crops beg N to
"Ihe Western papers already report q steady and
growing demand for the Interior and in thirty days
The eemand viii commence % move the coIIoS crop,
& sss sfsn 20 maze she October
viii be continued increasing demand for currency
the year: tor the last months sharp seven per
market may be expected and It win be sufficient
will iei Upon stock mafket causing decline 10
PRICES az least M on those stocks which have risen
prudent pt ople should prepare themselves nOw'
The New York Herald sayt:-
1.-The leading feature OF business in Wall street last
week the sharp advance in gold from 14j l59,
M Sns % ~ Ts % ws. TOO
rapid to be SUSTAINED. and hence the reaction, not
enc, owing to commercial ana political causes. The
bulls now say that the reaction has fully spent its
lst inst the held 900 s7 In coin elusive
Se eoSe Of 81 o % aav sss S
Treasury here received S2504,l57 or customs duties.
Interest the public debt and sS9 $50 in redemption
Of the loans OF 1878"
during the week, but on the whole steady, aud for
tue s1pGIIsSe bonds nLm: The purchases by the
there has been OF late lack OF speculative spirit
to sVe place 10 state Of feeling Nov
all the seyenthirty notes have matured and all but
converted into ive-twenty bonds, the gold. besrng
or funded debt has reached its maximum and the
new bonds from the Treasury. The effect of this
is large annual increase IN the home investment
demand growing out OF the reinVesmenJ OF interest
to Europe The foreign demand for these has
diminished the supply in the country some hundreds
Continues much ionger @ at the s pressnt rate
Pon they have 1S o1cheS for the bonds eoSd
| only be procured by sales by Investment holders
quence OF The purchases for reinvestment. but be
cause the steadily augmentnS inert capital Of the
business must go chiefly into Government securities
Ssds aud the accumuIstions OF private Capitalist
not aged in trade, The time Will probably soou
OF interest orr other words it will have TO be in
vested In s05ds a. a. ] much higher price than they %
capital Invested in the public funds does not bea
caul es and the probable rise 10 the average price
bonds from yesr to year the vetwenty bonds of 1856
1 par i've years ago."