The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-08-27
FINANCE AND COMMERCE.
OFFICE OF THE EVENING TELEGRAPH,l
Friday Auoust d Jstu (

There is good deal of caution both in business
ana financial circles at the present time, in view of
the prospect OF stringent money market during
the ian. Currency is now flowing freely towards the
South, and much of this is not likely soon return,
IN consequence Of the lack of banking facilities in
those localities. The enormous crops of the West
and Northwest are also making heavy demands
upon cur bank resources, but these will ultimately
return either for temporary investments or in eX-
change for merchandise. Meanwhile however, the
market works close and firm, and the high rates
Tor discount retard business operations to some
extent
Loans on call, with good stock collaterals are
made to-day at 76S per cent, but time loans, on
good commercial paper, are not negotiable under 10
@12 per cent.
Gold opened weak to-day, the first sales being
quoted at 1925, but the price steadily advanced,
closing at noon firm at l334.
United States securities are very quiet to-day, and
without any noticeable change in prices.
The stock market was exceedingly quiet to-day,
and prices were weak. State loans were neglected
City skies were unchanged, selling at 1919 for the
new issues. Lehgh Gold Loan was steady at 81.
Reading Railroad attracted but little attention,
Lehigh Valley Railroad changed hands at 56S; Cata-
wissa Railroad preferred at 37K; Camden and Am
boy Railroad at l23 Little Schuylkill Railroad at AZ
and Pennsylvania Railroad at 6116.
In Coal, Bank and Passenger Railway shares no
sales were reported. 45H was bid for Second and
Third; IS for Thirteenth and Fifteenth; 62 for West
Philadelphia and l1% for Hestonville.
The Kansas Pacific Railroad Company,
through their bankers, Messrs. Dabney, Morgan,
u Co., and NJ. X. Jesup IL Co., have placed
upon the market two millions of their seven per
has been attracted to it a statement of the in
ducements this security offers to investors may
be opportune. The Kansas Pacific Railway now
runs from Kansas City, on the border of Mis-
souri,, at which point it connects with the
Eastern lines of travel, to the town OF Sheridan,
near the western limit of Kansas 1t also has
branch line to Leavenworth. Its earnings last
year were $456,330'2 For two months of this
year, April and May its earnings showed large
increase on the corresponding period of last
year. The road is now being built to Denver,
distance of 225 miles. To build this extension
they ask loan of $6,500,0O0, running thirty
from Government tax. The security for this
loan is the franchise and possession of road
the value of which is estimated to be $22, 3OO, 600.
1t is first mortgage upon the extension and
second mortgage upon the entire road. Ihe
bonds are now selling at SO, currency and ac-
crued interest.
PHILADELPHIA STOCK EXCHANGE SALES.
Reported by De Haven Bro, No. 40 S. Third street.
FIRST BOARD.
$1,000 City IS, Ne. 101 100 sh Cata Pr. boo. 3I5
$1,000 Leh Gold Lbs. 81 5 sh Leh Val RIBS. 569s
81 sh Cam ASc.. 671 200 - do 80 .ts....is 47'9i
100 sh Ins Co N Am. 10 100 do. -. boo. 4sh
Il sh Penna X. Is. ma 300 do.........41,94
800 sh Lit Sch R.. az 100 do.......c. 477S
sh Cam Il Am R.128
BETWEEN BOARDS.
$1,000 Pa 6s WI Cp. lOl 100 sh Len Val R.b2O 56h
$1,000 Leh gold Lbs. 81 100 sh Read X. boo. 4sk
$1,000 City IS, Nils 1911 100 do.........4T "a
10 sh Penna RR.. 5z15 100 do .,bGOwn 4SA
100 100 sh LeR O Nav6SS S sS 100 100 DO 65&i. IS
100 do. bSO. 36l6 sh Mnehll r.. 53A
SECOND BOARD.
$4,000 City 6s, New Is. 1OlAl 100 sh Cata Pr. 87A
$4,000 do. I'd .l01%l 100 do .... boo, 81 q
| $1,000 Leh gold /. &C. 965S 100 do......b .bS 37A
100 sh Cata Pf boo By
| MARI Il LADEER, Bankers report this mornings
| Gold quotations as follows:-
1000 A. M.......... 1925 I1l'32A. 1885
| 1121 ...........182A "a ll140 ............184
1871 ...........132H 1900 M............. 1887
| MEssRs. DE HAVEN d BROTHER, No. 40 S. Third
street, Philadelphia, report the following quotations
| u. S. 6s of 1884, 123@123A do. 1862, 123@12Sh (;
do 1854, i22@l29ys do 1895, l92@1926; do. 1855,
| new, 12O%@12O4; do. 1867 new do. l2O2S@l2l; do.
| 80 Year per cent. Cy., 110A@1l0N Due Comp Int.
Notes. 1O1 Gold, 1s5%@133%; Silver 12s@1SO.
sCHUYLKILL NAVIGATION COAL TRADE for the
| week ending Thursday, August 62 ls6s-
From Port Carbon bon...................... 2,434 90
From Schuylkill Haven. ......,...,...'',. o,0l5 OO
From Port Clinton. ton........................ ga 90
| Total Tor week Observation-Disclosures. s,69s 90
Previously this year. ..'.......,..,,. $4,000 Ia
/
| Total. ...........''''''''.''.''',' 446293 Ia
To same time last year,....,,,,,,,.,. bOs649 10