The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-04-22

have been IN the habit OF EMPLOYING their funda In
sne Guy Dut ne nave been delayed by the necessity OF
the monetary ease now 30 essential 20 the carrying
cut OF tne nsHs, sp,,ng and summer sngagements Of
day wss quoted at 70 per cent, with less doing Al
the former rate than yesterday. Towards the close
OF banking hours there was more active Inquiry
and per cent was paid all around. Commercial
paper continues fairly active and is discounting AZ
rates ranging from to IL per cent for prime double
names.
Government bonds TO which the easier state of the
money market greatly contributed The higher rates
for exchange enable the foreign bankers 10 dispose
new purchasing abilities. Foreign orders come
nearly every day by cable, the prompt payment of
the May coupons stimulating the Investment demand
abroad. The London quotation today was hetter
and showed reaction in favor of our securities
after the depression prevalent on Monday and
Tuesday The demand ran after the 1sG2s and 1sSTs
the former selling very freely at 121, which wa5
bid mp TO the close, with no bonds Offering iess
than i21S. The 1s67s were extensively bought for
shipment iRPRSdt 10 trne ., the whole onon. % -,
part. The speculative feeling seems about to avail
itself Of the application OF this maxim of logic i'm
the matter OF our state bonds, which have caught
something OF the buoyant activity of our Federal
securites The feeling runs particularly upon
the Southern State bonds, which, with the compara-
lively weather. condition of the Southern naonle
are becoming favorable investments with those who
have money above the requirements of farming and
cotton planting operations. In some instances the
state authorities have been guilty of much iniurious
speculation in their own bonds.
The involving the liability OF the Wall street
bankers and brokers TO pay tax their call loans
under section 40 OF the Internal Revenue act was
argued before the Commissioner of Internal Revonne
on Tuesday The brokers were represented Inv
Messrs John f Burrll, Clarence A. Seward, and H.
c. Ocott, and Assessor Webster was ON hand In
speak for himself. Besides Commissioner Delano
there were present Deputy Commissioner Douglas
and Solicitor Smith. The Commissioner took the
papers and announced that he would give his deci-
sion this week"
From the Times
"The sales Of gold, which left of 1a4,s per cent.
last night, advanced to-day to 1341{6t34S per cent
At the close Of regular business hours the price was
13f1s per cent. The supply OF cash gold is not
free except on terms excluding interest on the
money advanced upon it. This gives the bull
spectators in the Gold Room decided advan-
tage. They carry on and carry up their specu-
balances. The operations at the Treasury
Office continue on the average, to draw gold from
the use of the market although it is almost certain
that the balance will turn in the opposite direction
early next week. To-day the customs payments into
disbursements were $4,000 The foreign exchanges
made further advance of 166,4 per cent. to-day,
and the London rates were at the close 10SL for 60
days, and los S@ 1885, short sight. The actual bus-
ness done after the sailing of the Cunard steamer
their rates
ain the money market fair business was done at
per cent. on call and to per cent. for prime mer
chant paper Of short date The latter is in good re-
quest at some of the banks at per cent when
offered by their regular dealers.
''The Stock Exchange is generally very firm in all
departments; the public funds being SCd "a per cent
higher than last night, and about ]j@ss better than
bonds made further Improvement of k@% per
cent on Tennessees and Vrginias, and Ia 4 per
cent, North Carolinas and Missouris
The miscellaneous stocks were buoy
ant on Mariposa and Western Telegraph
Company than on Tuesday. The Railway list, both
New York and Western, active, and most of the
roads higher; and there was also strong demand
for Reading the transactions large and the price of
the stock on the advance. The business of the day
was rather above than below the usual average at
all the boards, and the prevailing temper of specula
tlon is in the direction OF higher figures, although
special exceptions to this remark were manifest in
the later dealings of the day
"rhe days business at the office of the United
States Assistant Treasurer was as follOws:-Total
receipts, 81 0442I6 total payments SS26 POP balance
$50, ,O49, $50. The receipts include for Customs
s5l9,000; for Gold notes, S76,OO0"