The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1868-10-02
FINANCE AND COMzMERoE.
OFFIcE OF THE EVENING TELEeRAPH,l
Friday. Oct. e. 1893 I


The Stock Market was dull this morning,
with the exception OF Lehlgh Navigation,
which sold largely at 24t025b. closing at the
latter rate, an advance OF 10. 10 was bid for
ferred do.; 80 for Morris Canal; II for Morris
Canal preferred IA for Susquehanna Canal; and
80 for Wyoming Valley Canal.
Government securities were fraction lower.
1l22 was bid for IS OF 1881; lO4S for l0-40s; liz
for 62 b20s; 1898 for 64 520s; 1909 for '65 52Os;
1913 for July, '65, 5-2Os; and 1913 tor '67 5.2Os
City loans were without change. The new issue
sold at l03, and old do. at l0l.
Railroad shares were inactive. Pennsylvania
Railroad sold al 66@56t, no change; Reading
at 47s, a slight advance. Lehign Valley at 54a,
no change: and Catawissa preferred at 334, no
change. 1874 was bid for Camden and Amboy:
44a tor Little Schuy kill; Sc for Minehil; 35 for
North Pennsy lvauia; 80 for Elmra common; 40
for preferred do; and 25a for Philadelphia and
krie.
Mechanics sold at 324, an advance of /, and
Philadelphia at l64, an advance of 1. 242 was
bid for North America; 1909 for Farmers and
Mechanics'; 81 for Commercial; 70 for City; 7l3
for Corn Exchange; and l21 for Central Matt onal
We make the following extracts regarding
the New York money market from the New
York papers OF this morning:-
cent. and in some instances this rate was paid in
gold while in others sixteenth of one per cent was
gency wei HnHsrsIoos and re isct that certain
a@osnt in greenbscks furnishes proof Where such Is
wanting. Friendly but unprinclpled bank officers
have conspred in some instances to aid he bear
binRtion now at work by lending certified checks
aud gTeenbacks, but 1t by means 70 lows that
cause bank is largely debtor creditor at the
Clearing House It's officers have any coma
pliciiy In the matter. The indications are
that the worst OF the pinch has been
felt and although no material change the better
can be loo ked Tor to morrow, probable that the
bulls on the Stock Exchange viii successfully resist
the pressure during the remainder of the week after
which the market wilt doubtless resume lis prevIout
easy conoiLion Stocks of all knns ad vanced to-day
the face OF the strngeDcy, and Erie especially
strong under heavy purchases, the price having ad-
ced TO 49A@499s at one time In the afternoon.
The ny goOcs trade was somewhat depressed by the
further decline tn goid and at The auction sales the
attendance was rather poor while the bidding lacked
split Business In discounting Is almost Suspended
for the time being owing TO the general state of the
money maj arket."-Herdld.
The money market has been extremely stringent.
Government brokers had some balancel LETT with
Them at per cent. The lowest rate was per cent
Railway shares with transactions at Der cent. In
currency with an eghth commission and per cent
in Aold with eighth commission added. the latter
explains the dullness brought upon commercial
nori overs by the bank statement being made at
q period when merchants most need money thus
makiDg easy for such capslsts to lock up enough
disturb ali business transactions. The bears
have take the checks received by the In payment
'or sfOcks and drawn the greenbacks which they
had depok tied in Wall street bank, which shows
of over IS O00t OF In two days At the
close some balances were offered at cent, but
here was ef worthy OF special note to the gene
Inl strinE.ncvy, lrttrWe ,u vcy S . :, ,,, nm ,