The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1869-09-09
FINANCE AND COMMERCE..
oTF1oE. OF THE EVENING TEhEehsA.PPH,l

Thursday, Sept. 2, 1869.
The Money market to-day is rather close, which is
due much to the activity in loans as to the short
ness OF the supply. The demand for call loans on
speculative account is unusually light, owing to the
absence Of all activity in the Stock market This
enables the banks to expand their time loans i'm favor
OF business borrowers and adds to the activity OF the
regular market. In these transactions however, the
securities are closely scrutinlzed and limited TO short
time as far as practicable.
The rates current on call are 7GS per cent, and
discounts range from l0@i2 per cent. for prime
business aCCeptanCes.
Gold to-day is very unsteady. The opening sales
were made at 1856 and s quoted Third street at
noon at 1855, decline Of 4.
Government loans are inactive and prices are
irregular but the tendency to-day is decidedly for
advance. At noon lSSls are selling at 12lK@l22
and 1sG2s at the same
The Stock market was dull at about yesterdays
quotations Pennsylvania 81 sold at 93A. City 6s
were steady at 1OlA@1Olh for the new and 81 for
the old issues.
Reading Railroad was quiet but stronger selling at
4Sh@4S3l. Pennsylvania Railroad sold in lots at
for Camden aud Amboy Railroad: AZ for Little
Schuylkill Railroad 53 Tor Mnehil Railroad; 80 for
North Pennsyvania Railroad: IS for Catawissa Rail
road, and 4sal for North Central Railroad
Canal shares were inactive 3O}l offered for
Lehigh Navigation and IL IoI SchuylSill. .NaViSaH)n
In Coal stocks the only transaction was in St.
Nicholas at 23t.
Philadelphia Bank sold at lG1.
Passenger RAILWAY shares were without improve
ment II . was offered for Thirteenth and Fifteenth
40 for Chestnut and Walnut and ~ for Hestonville.
The Kansas Pacific Railroad has now 43I miles
in operation, and it will reach Denver in 2l5 miles
more. Then it win bring the East in com nunca-
tion with the metropolis OF the Rocky Mountains,
town OF 10000 Inhabitants, standing where only
few novels stoOd ten years ago. Not until then will
be seized what President Grant, in his inaugural,
happily called ''the strong box whose treasure
would pay the national debit and this railroad will
be the master Key to open IL. The great growth OF
Kansas and the rapii development OF Colorado
have already added largely to the wealth Of the
country and the prosperity Of the Rocky Mountain
regions. The owners OF the road offer to pay per
cent interest IN gold for loan OF six and half
millions OF dollars and now, when the Secretary of
the Treasury is endeavorng to buy Governments in
order to pay the national debt, our friends should
change their Investments rom and per cent
Government bonds into per cent. god-bearing
bonds, which possess better elements of security
than anv loan upon tn market. The agents for this
loan are the bankers. NJ. X. Jesup Co aud Dab
ney Morgan Co., OF New York city, and from them
may be obtained pamphlets, maps, and circulars on
PHILADELPHIA STOCK, EXCHANGE SALES.
Reported by De Haven Bro, No. 10 $. Third street.
FIRST BOARD
$4,000 Pa Cp s.. 9S4 500 sh Reading RR. 4S,3l
oss0OO s0U0 City Ss'New. IOl4 iO0 100 9o..2d 4s1
$1,000 Leh Il bs w. 500 do ....sio islS
$4,000 Elmra S9; SGs % 81 sSS sSS sos 4s ts
$500 Leh Gold L.. 9sA 100 do.......c. 4sIf
SO SO 81 81 Hn6n Hfnna Bank Rls ss 40 d00s. So
JAY COOKE co. quote Government securities as
follows:U. 6s OF 1881, l2ON@l2lH; 5-20s OF 1862,
1SlH@l29; do, 1854, l2oM@l2os&; DO, Nov, 1865,
119H@1194 do, 1868, 1l9'S@ll9S; 1040s, 1102@l1l;
United States 6s, lO9h@lio. Gold, 1876.
MEssRs. DE HAVEN BROTHER No. 40 S. Third
u. s IS OF 1881, l2OH@12l; do. 1862, 12l1G912la1;
do. 1864 120} s@12O5S do 1865, 120I@1202 do. 1865,
new 11s15@ll9't do. 1867, new do. ll94@iloal do,
1868, 1193s@119%; do. 5s, 1040s, 110%9111 u S.
30 Year per cent Cy., 109h@1l0 Due Comp. Int.
Notes, l9h Gold, i, is5SSlss5a; Silver ,soS,sa
Gold quotations fOllDVs.-