The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-10-13
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TE1FaRAPH,l
Wndnnndnu Oct 10 1870

The supply Of currency in our market continues
short of the demand, though the latter is unusually
light Tor the season. In this respect our market is
in unfavOrable contrast with that of New YORK,
where capital appears abundant and readily access
sible at from TO per cent on demand. 10 is not
easy task to for the scarcity of currency
in our city, unless be supposed that heavy amount
are Locked up by me great grain operators OF the
and having in view forced rise in prices.
If this be the case, why is it that New York is Just
now plethoric with money, and our city suffering
from indigence? This contrast might indeed be ac-
counted for if capitalists in New York refused to
buy Western grain, or the banks TO discount grain
paper, but the opposite appears to be the case
while the banks have long enjoyed unenviable
notoriety in refusing to advance on grain security
though this is far safer investment than the bsst
paper in the market This cause, therefore. fails to
account for the condition OF our market, but the
fact is patent that money ie scarce nigh and rregu
lar and the demand for II, in consequence, restrict
ed to the absolute wants OF the current hour.
The market in gold continues very quiet and the
uansa? ?tions strictly limited TO the requirements
OF trade. Sales opened this morning at 1301f, and
continued TO noon without nuctuatiOn.
The stiffness and mOnOtony which rule in the
stock market extend to Government securities.
There is little investment demand and prices are
stationary.
general dulness prevailed at the Stock Board TO-
day, and prices continue without quotable change.
In State loans there were no sales City skies sold
at 1007s for the new issues, and City 1ves at 92
Reading Railroad was quiet, with sales at 474a4s,
slight decline Camden and AmbOy Railroad at f20,
b. o. and Catawissa Railroad preferred at 31z6, b. o.
36 was bid for North Pennsylvania; 52H for Mine
In Canal Coal, and Passenger Railway stocks
there was not q single sale to report. 54H was Of
fered for Lehigh Navigation, but not taken.
PHILADELPHIA STOCK EXCHANGE SALES.
Reported by De Haven Bro, No. 10 s. Third street.
FIRST BOARD.
$500 City 6s, New. 1907 $1,000 Leh bs rig. 95LS
$4,000 dO..ls.b5 1909 9sh Cam & Am. I'd 100
S110O Phla 6s 1872. 90 100 sh Penna r.. 561%
$4,000 d A 6s 80. SO 1S0 do. 49,. Is. 56JS
$1,000 Pa II I'm 6s.. 81 100 sh C4ta Pr. .b3O. 37zs
$1,000 Elmra Is. 100 sh Reading re, 41s%
MEssRs. DE HAVEN & BROTHER, 20 No. 8. Third
street. Philadelphia report the following quotations:
-U.S.6s OF 1881, ,119B@120; do 1862, 12O@120A; do.
1864 119@11921 do. 1865 1l93@lt9% do. 1865 new,
11SlS@llSA do. 1867, do. 11sA@11S4; do 1865,
do, 11s%@11sA; 10-40s. 10S3S@10s;S; US. 80 Year
per cent. Currency, 1O71G@107A Due Comp. Int.
Notes, 1914 Gold, 1907 1s@13O2S; Silver 12T@129.
JAY COOKE 4 co. quote Government securities az
12O@12OA do, 1864, 1191G@119%; do, 1895, 1886
11916 do, July, 1865, 11S1s&1lS;s; do. do, 1867
11s15@1ls2a; do, 1868, 11s%@1lsn; 1O-4Os iOs3x@ q
1885 6s, 10iK@1Os; Gold, 1904
NEssRs. WILLIAM PAINTER K Co, No. SO s. Thrd
street, report the following quotatons:-U. s. 6s O.
| 11921@119N; do 1865, 1l9h9l19S; do. July, 1865
1865 11S@1l64; 5s, 1910 10SK@1OS%; u. s. Pacific
r. Cy. 81 107&@1075s. Gold. 13O1I91302S.
PENNSYLVANIA CANAL COMPANY.-The following
are the receipts for the week ending october g.
ISo9. ,553 3G
Previous in 1869 &C. ...................5 500 1898 80
To same period in 1868. .......4 474 0GO 52
increase IN 1862 SOS, ,9s6 rs