The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-04-30
AND cornNGHRcU
OFFICE OF THE EVENING TKLEaRAPH,l
Friday Anril m 1880

The local money market to-day was steady
and quite active, but our former quotations for
loans and discounts are without material change,
though the tendency is decidedly towards u
lower range of figures. We quote call loans on
Government bonds at about 50D6 per cent. and
at 6dT per cent. on miscellaneous securities.
Prime mercantile paper IS scarce and much
sought Tor, but makers will not pay more than
Sper cent discount for cash, the average rate
being about per cent.
Tomorrow being the LIST of May, the Govern
ment will disburse the semi-annual interest on
the 5-20s of 1862, 1864 and 1865 The amount
will be nearly thirty millions in gold. Most of
this will be due in Europe where these bonds
are now held, but q considerable amount, after
being changed into currency, will find its way to
our banks and add so much 10 the loanable re-
sources of the market. The Treasury sold one
million of its surplus gold yesterday, which, with
the disbursements on account of its bonds, ought
to have forced down the market, whereas the
movement yesterday was in the opposite di
rection
Government bonds are active and very strong.
Gold is advancing. Premium Mt IL NJ, 1349S.
There was less activity in the Stock market
to-day, and prices were not so strong State
loans were steady at former quotations. City
Skies were active at 10l x for the new certif-
Gates; 80 was bid for the old The Lehigh Gold
Loan was weak. selling at 9435.
Reading Railroad was moderately active,
opening at 1856 and closing at 1914, weak;
Pennsylvania Railroad was steady at 59sl; Cata-
wissa Railroad preferred sold at 3515. This
company yesterday declared a dividend of 80
per cent on their preferred stock. Philadelphia
and Erie Railroad was taken ut 1881; Camden
and Amboy Railroad at 1853; 81 was bid for
Lehigh Valley Railroad, and "a for Minehill Rail-
road.
Canal stocks were weak. Lehigh Navigation
sold at 80, decline of a; 1S was bid for Schuyf
kill Navigation.
Coal stocks were without essential change.
Nothing was done in Bank or Passenger Rail-
way shares. 49, was bid for Second and Third;
90 for West Philadelphia: 27 for Spruce and
Pine; and 13 for Hestonville.
Messrs. JAY COOKE & Co. quote Government secu-
rifles etc, as foows-U. s. g. 81, 11st@119 6-2Os
OF 1862, 121a@122; do, 1854, 117zS@11Sh do, Nov
1865, 119G@119s; do, july 1865, 116sa@1165s; do,
1867, l16A@11!; do, 1885, 116h@ll69i; lO-40s,
10S@1OS9a Gold, 134li. Paci6cs 106li@106E.
Messrs. De HAVEN Il BROTHER. No. 40 s. Third
street, Philadelphia, report the following quotations:
u. $. 6s OF 1881, 11sA@119; do 1862 121 a{@122; (;
do. 1864, 117S@11s: do 1866 1199S@11915; do 1865,
new, 116S@1161f; do. 1861, new, 116h@116%; do.
1868, 116k@116A; 10. S. 10-40s, 10siS@10s4; U. S.
30 Year per cent Cy., 10G g910Gs5; Due Comp Int.
Notes, 19h. Gold, 134(91341i; Silver, t27a129.
Messrs. WILLIAM PAINTER & Co., No. SO S. Third
street. report the following quotations ~. s. 6s of
1881, 11s9@11S24 20s OF 1852 1221l@123; do 1864,
11lA@11S; do. 1855, 119la@1193a; do July, 1865,
116N@116A; do. July, 1861, 116[@116ai; do. July,
1865, ll6G@1l6A 6s, 1O-40 10s199l0SA. Gold, 1SiA
@1343S.