The evening telegraph. [volume] (Philadelphia [Pa.]) 1864-1918, 1871-04-21
FINANOE AND COMMERCE..
EVENING TELEGRAPH OFFICE,
Friday, April 81, 1871.

Friday April 81, 1871.
Money continues active and easy, being very
freely offered both on call and time, but prefer
ence is shown for three or four months paper,
in view of the prospective abundance of money
and the extremely easy scale of rates likely to
rule during tbs dull summer period. Rates
range at SOC per cent. on call, with acceptable
collaterals, and discounts at 7@715 per cent,
according to dates and credits.
In the gold market there is an unsettled feel
ing owing to the unexpected increase yesterday
of Treasury gold, but reaction is anticipated
within few days, which will restore 1t to its
former condition. The sales ranged from Ill "a
@1116 up to noon, closing at 1111 an advance
of d since last night.
but prices are well maintained. The stock
market was terribly excited this morning, and
the brokers wild with excitement. The sales
were enormous. Sales of new city 6s at 102,
and ante war do at 104.
Reading Railroad was in brisk demand, and
sold up to 5456 Pennsylvania was active, and
sold as high as 661S; Camden and Amboy at
119; Little Schuylkill at 45; Catawissa at 25@25H
5016@505s; and Lehigh Valley at 61@611.
Canal stocks were dull, with sales of Lehigh
at 3516G355k, the latter b. o.
The balance of the list was steady. Sales of
Philadelphia Bank at 1885, Central Transpor-
tation at Az and Hestonville Railroad at
21l@22as, b. o.
The progress of the new United States loan
is shown by the following communication from
the Treasury Department.
TREASURY DEPARTMENT WASHINGTON, ID. c.,
April 20, lST1.-Messrs. jay Cooke Il Co., Phiadel-
phia, a.-Gentlemen: The following subscriptions
were received from national banks this day.
stamford, Conn, First National Bank. 500 GOO
CoIumbus, s. c., Carolina National ...... $4,000
PottstoWn Pa, National Bank OF. .......... $4,000
HilIsdaIe, Mich, Second National ......... 10000
Total subscriptions s.................e6 500 e6l 600
Very respectfully,
JOHN P. BIGELow, Chief OF Loan Division.
NEW LOAN OF THE UNITED STATES.
The subscriptions to the new five per cent.
stock of the United States now amount to
$50, ,OOO. .OOO They are confidently expected to
reach 5000 600, 900 by the time the new bonds
are ready for delivery in May. The proposals
of the Secretary of the Treasury will then be
changed to the following programme
First. Bonds to the amount OF $3OO,OOO 900,
payable in coin, at the pleasure OF the United
States, after ten years from the date OF their
ISSUE and bearing interest, payable quarterly In
coin, at the rate of five per cent. per annHm.
Second. Bonds 10 the amount of three hun
dred millions of dollars, payable in coin, at the
pleasure of the United States, after fifteen years
from the date of their issue, and bearing inte-
rest, payable quarterly In coin, at the rate OF
four and half per cent per annum.
Third. Bonds to the amount of seven hundred
millions Of dollars, payable In coin, at the plea
sure of the United States after thirty years from
the date of their ISSUE and bearing interest pay
able quarterly in coin, at the rate OF four per
I CENT. per Bnagm.