The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-01-27
FINANCE AND O0M1MERoE.
OTgIcx OF THE EVENING TKLReRApH,
wednesday, Jan, "a, 1869, n


The Money market continues ea5y. Call loans
are quoted at 6G8 per cent; the former rate on
Government bonds. Prime mercantile paper
ranges from SOLO per cent. per annum. The
but prices wtr steady. Government securities
we're firmly held. 1884 was bid for l0.A0s; 1l29
for 6s OF 1881; 1l39 for 6252Os; 1905 for "a 520s
ll04 for '65 20s; l09l for for July 1876 5-20s and
l0sb for '67 2Os. New City IS solo at 1904, no
change.
Railroad shares were the most active on the
list. Reading sold largely at 4Si@488, no
change: aud Pennsylvania Railroad az 6746I578.
boy; 43 for Little Schuylkil; 54l for Muehill;
3A5 for North Pennsylvania: 56l for Lehigh VAL
ley; SO8 for Elmra copmon; 33l tor Catawissa
preferred; and AZ for Northern Central,
City Passenger Rail way shares were firmly
held. Second and Third sod at 46, no change;
Thirteenth aud Fifteenth at 49, no change. 35
was bid for Fifth and Sixth; G3 for Tenth and
Eleventh; ii for Hestonylie; aud 49, Tor
Green and Coates.
Bank shares were in demand for investment
az full prices. Philadelphia sold at I67, no
change. 81 was bid for Commerci3l; 81 for Penn
Township; G3 for Commonwealth; aud 1913 for
Central National
Canal shares were unchanged. Schuylkin
Navigation common sold at % 01Oi, and Lehigh
Navlgation at 3li@3l5; 2OS was bId tor Schuyl-
kill Navigation preferred; 20 for Morris Canal,
and 60 for Morris Canal preferred.
The Chicago Tribune. Jan. rs, says:-"There
has been healthy activity IN the deman0 for
money during the whole of the past week,
though it has not beea pressing at any time,
and for the last two days has been getting easier,
Regular customers of the banks have had but
little difficulty in getting all they applied for.
Other borrowers-those who have no claims on
the favor of banks have as usual been selling
some paper on the street at from to Ii per cent.
per month, but the cases have been rare this
week, and these rates have not been an index
of the condition OF the general mouey market.
Private bankers who deal in real estate paper
find q considerable increase in the amount
oheredtor sale by parties who desee to realize
the money for the purpose of investing again in
view OF the anticipated advance in prices OF real
estate. The class of capital, however, which
usually seeks this kind of paper as an invest
ment has not increased in the same proportion
as money in the commercial market, and loans
on real estate have been as difficult to secure
as ever. At almost any time previous to
October money could not have been borrowed
on long tiYue at per cent per annum on first
class business property, but since then, and 10 W,
loans of that kind cannot be negotiated at less
than 10 per cent, while loans on residence pro-
perty are made to cost from II to IA per cent. by
the addition of commission 10 the legal rate
OF interest. The currency movements
OF the week have shown some indica-
tlons OF turn in trade. The ship
ments to the country aud receipts from
there have been very light com pared to the two
previous weeks, and there has been no accumu-
lation of currency here for several days.
Exchange, which began the week at discount,
has gradually grown hrmer, until to-day il was
sold in considerable amounts between banks of
SOC. per $1,000 premium. At the counter bankera
have continued to sell at lilo premium, aud TO
buy OF their custcmers at from par to lilo
| discount.
PHILADELPHIA STOCK EXCHANGE BAIEs TO-DAY
Reported by De hsye5 g Bro. No. 40 s. Ghird street