The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-08-05
FINANCIAL ITEMS.

The New York Tribune of this morning says con-
cernipg yesterdays money Market
Government bonds opened with an improved tone,
demand which has been delayed by the various bills
the bond. at low interest, has again become the
made BY parties who have delayed investing since
the hIst OF July. The aew SSs e7s snd 6Ss were ai
optional with the Secretary OF the treasury TO Issue
soe' at S or re a
able, principal and interest in coin not ever ak
issue either class CHOSE and his decision ss to the
ard rate 81 interest was to decide the ques
Congress: AS this was the plain meaning st
as much gold bonds as The o4os and it viii Sc hard
work TO convince the common people who took the
thing else. Mr.. McCulloch has always said cur
rency Interest bonds Issued under the ACT were pay
able principal and Interest, in currency and the
gold.inIerest bonds to be payable in coin. The act
"'The principal and interest or both may be made
that The rate OF inersss on anysseh boAds or trea
per when not n cOn
shall not exceed 8Ie per cent. per snnnm'
advance TSs ess
tive price for this per cent bond that natures IN
E ,Hs a. rn this prs . and taking ss as hsh :
charge Is paying one 10 ali investment hole ers,
a BanSay shares 0pe91d In panic In Erie. which
PRICE dsoas
week were closed out and the stock rallied
and unsettled at 90. The Dreak In Erie was used by
phorts in other stocks and with the exception OF Erie
the market rallied sharply, and stocks sparlnRly
throughout the day. The books of the company viii
be returned to this city next week. preparatory to
paying the dividend, which will now be paid here
Instead or Chicago, as previously announced"
The New York Herald OF this morning says-
break in Erie which huctuated between 81 and 6e'4
1nrlng me DAY but OF the close twas weak az SlG
ORIG naeo with strong parties whose object is 70 put
IL To price between 40 and so where 10 will pay them
election Meanwhile, by the fail they are promoting
they mean, u possible to seriously cripple certain
houses which have been working IN Opposition 10
their interest for long time past, and the Indications
are that they viii be cessfnl depressing the stock
than has yet prest ntea Itself makes its appearance.
street rumor dwells he tact that Messrs steward
Board yet, and that Messrs. Vanderbilt and Dew
both inlmiGs to The present Erie party and that II
exert their strength they can DO whatsoe er they
ton now at work 10 scoop Erie out OF the hands
weak holders are temporarily out of town, RnS the
by outsiders, but their efforts are of the most deter
mined character and Erie Is n shuttlecock In theig
already IL Is Liable To fail considerably more, ana tue
he1l lew days, or even hours will practica y deci
been entirely demOrRzed and IL has had the bad
effect OF breaking the spirit OF the bull movement Ia
Money continues extremely easy to borrowers in
goou creot on satisfactory coateIas 0ut EIle IL re-
Jecled hs collateral by the Uhted states Trust nm
psny ana nearly all the banks and private lenders
excess OF the demand at three per cent? and on mis-
ctlsneous collateras, Although the general rate is
the lower rate. Just now credits and margins ara
sEruInIzea with some severity, as Is considered
urss, ana lenders have lost confidence Ia the ock
reporL Is current ON the street that the Erie Com
eTs, and oamaging use Is made OF this although IL
eonlradictsd by those directors OF the Company who
pany In question:"