The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-07-16
FINANCIAL ITEMS.

From, the NJ y Herald OF to day.
ut is matter Of public mo- oriaty that the Treasury
ginning his administration, contributed largely
foster the speculative element Ia Lhe cod Room oy
IpsteAd Of supplying the want. Of the mero.ntile
of P He Sod E hSs led Inc mrke
secretly through brokers', who nave been paid an
fsn nS Inc 81 bUSnsSs @ which the Department snCuId
have done tor lself thr ugh It's officials in tnls city
NOUS never Wa, the pub c money more e2travA-
Messf. SYN NJ S Syers & 10. and McCinnis Br q
smiln the govtInment proxies, We perceive tnat
) es eIday the Tfea:ury is prohibited from paying
warGs reform comes rather lsie the day, iG is
doubtful whether the bill In questen will become
pelng me Treasury to sell ITS own gold tnrouxh Is
9Gas C se of h a % % ss that attend
llOn cold ha, been wv ce oeow les since the ter
~ SO that it "s Cannot Be said the has done
nything 70 apor cise The value Of the currency
the resources at iis Command The case Was very
onic wars, wnere such an org snizaton as the 8 I'D
Room would not nave been allowed an exist
sra we !nsIeiSTe esii. upon Congress to pass
aeaSy aS u9Ps OF s ss ~ goa 9 II S 3 I
fixed al MY dol ars on every ten Thousand dollars
SHS T sr 1S Se Gs to ass FS a
me anS Of BY K
!be n.tnrs course Of the premium a., the more
can be collected the better; ihe errs,ic policy o.
n ae wn te M nas pro
dence In the value of our securities D tn AZ home
sVer TO work wih Of when they ne
be best psU s 1se M, IL we % ae 1S1Ss al sry
our own country alter The capture ot kicnm0nd: we
Eress ana tn Treasury Department. No wonder that
few foreign, bankers and d,r others are : e1s,
extent W. Ter en- the ~ Government p1lcS Is sucH
psyments but the time has come wnSn the PUBIC pub &c
credit cree should stand high and and goid shoulh decins
lions Cf tne speculaiois heavily, and this would at
least M 1sVs the ESsd seGS 81 tns P19 $
Senate on the authority OF the secretary, Of
demands the amount Of coin actually Oy ie9
SS the %o1a Sny be about
gold to-day and the fluctuations were from l4l7S co
ns s %R % BIDS ID tT
per cent below The price, Loans % we're MADE a. 2@s5
aRgrtgatsd s64 Ss2 600 the soa BALANCES elsO75 a6d
specie by the steamer China was s5O5 OOO."
From the N. y. Tribune OF to-day
Erie shares have attracted the chief attention OF
The street is rnmors This roperIy. IL
that M Drew has or or WI retire from the
Is also slated that Mr. Drew has complete psrsona
sus. In regard to the recent issue Of new stock it
is also asserted that much Il not az OF II has been
Board Q, DIRECTORS has been osrtiauy changed, and
Barker un place Of D. 5. Gregory and Mr.. Drswj-
names which are ample guarantees OF homes, admin
have been msds In the sia1ls Of the Go@paass@
changes which do not promise to damage its value
an investment or as speculation Vhe transfer
books Ieepened to day, ano The principal business
done has been to compare old certificates by
brokers'"
From Mssss. W. p. Wright G OBS Cotton Circular
"In this market we have had fair buslne IS for
dCmebtic cOnsum ption during the early part of the
week under review; towards the close, however,
mHkrg sales. The advance of last week been
partially LOST and we ose dull with qliet feeling
the annexed quoI atoms. The sales for the week
have amounted 10 5000 baep, about equally divided
between BIlnners and speculatOrs. Nothing has been
| done export. SOM further considerable sales
| have beI 4 Rde Tor December delivery 2ic. for
! Tine ceaIances have been for Liverpool. per
steamers Manhattan, 54b Denmark, o. City OF Bllti-
more 22i-toLal. 49, II Havre steamer P-riere, 10:
| Bremen steamer Deutschland, ILL., The only fr ighJ
engagements Hncleared for Liverpool extent of
| 1872 bales.
The Southern markets were higher and active for
the Ia the early part OF toe week, but then
became tame and closed al decline, With little or
| nothing doing -
more than half was at Savannah. Last year. during
| the CORE lndng week, we received 60U0 and the
year befO' e, 1900. We have added to our total re
celpts 5000 for corrections at New Orleans. We Bh all
| prCDaoly have to ADD similar Quantity for c1rr@c-
lions at Mobile. J he additions have been caused by
SAMPLES, picking, ETC. for the season.
"EIporiB for the week 10 Great Britain, 2OO bales
| To France and other foreign ports NIL There Is now
very little cotton on shpboard here, the Sou
| ern pOr, s. Tor foreign markets..
I'VE continue to receive from all sections OF the
cotton region very favorable reports as to the con
dition Rr d prospects OF the growing crop, The
| ther has been ali that could be desired"