Baltimore commercial journal, and Lyford's price-current. [volume] (Baltimore, Md) 1840-1849, 1849-03-03
THE EUROPA ARRIVED.

| The British steamer Europa, noticed in our last
and small portion Of her commercial adyices re-
ceivcd by telegraph given in our Remarks on the
Baltimore Market, arrived at New York last Satur-
day, Except the undulating movements pcrcrptIble
in the smouldcrng elements of France, there was
not muc importance to be attached to the political
character of the EurOpa's news:
We suhjoin, as far as our limits will permit, the
most that is of interest in commercial point Of view
The following is represented to be the state Of the
Money market at
LoNDoN, Feb 90 O'Clock p. NJ.
The state Of the money market still tends TO in
the price OF public securities, by giving addl-
tional confidence TO the speculative operators. 1t is
necessary however TO point out a distinction which
still prevails between the rate at which money can
be obtained on what denomnatcd first class Sc
curites and the great majority Of those raised to
| carry internal industry. In other words,
there is great disparity in the rates of interest
charged trade bills of secondary character, and on
advances made upon stock, &c.
The most rational view which we have heard
taken of the subject TO account for this state of things
is, that the unsettled state Of affairs the Continent
still keeps large amount of capital concentrated in
this metropolis invested in such form that II can be
readily withdrawn when wanted without the risk OF
loss. This has direct tendency to keep large sur
plusses in the hands of the bankers, who have,
more extensive sale than usual, adopted the plan OF
on their own account, 1t will, at the same time, be
readily that this system affords proportionate a
clrirs spectators the public funds, they can
easily take up stock 10 10 times the amount of their
own capital.
There was Yesterday an additional speculation on
the probability IF the Bank Directors further reduc-
ing their rate of discount; but there is every reason
10 believe that they have now abandoned all idea OF
adopting such course, from u conviction that il
would b. at present advantageous, and ultimate
| ~ rather dangerous.
american State StockS-LaieSt Priccs.-It is gra-
tfying to he able 10 observe that the improvement
noticed in these securities, in onr report on this day
fortnight, has continued. and that again in the
position TO advise another rise in all the leading
stocks belonging to the United StatcS-Iherc is
still "a brisk demand for United States q per cents
on the 9th utimo they were quoted lOidlU5; now
they readily command 1867, and in some instances
l07. 1t is not unlikely that may have 10 report
a farther advance by the next steamer, as the mark
has evidently an advancing tendency. New York .
per cents, 1855, quoted on this day fortnight 81,
have been steadily rising and were to-day done al
49,, "a, 81, while holders demand 50, which will,
no doubt, be the current rate in few days. The
description Of stocks, payable in 1855 and 1860
commands the rates already quoted Owing 10 the
uncertainty which prevails respecting the decision Of
the Pcnns lvania Legislature, on the subj of the
Relief Notes Pennsylvania five per cents have been
neglected during the last two weeks and prices have
rcccd"d from last quotations. and are now quoted
10 to IA Should the relief notes be redeemed pri-
crS are sure 10 advance, and parties well informed
seem to think that so will be rea2ld Ohio six per
cents continue very steady and are sold at 20 TO II.
An advance has been established in Massachusetts
sterling bonds 1865, which now realize 100. This
description OF stock is in fair demand. In SoutT
Carolina five per cents Barring & Co, moderate
business has been done, and we must alter our prices
to SO TO SO. No change can be reported in Louisiana
five per cents, Barring s Cos prices being quoted
IS to ST. For Mary land five per cents. sterling bonds
there has been remarkably steady demand during
the fortnight, and prices, which were quoted n 10 10
on the 9th uIt are set down at Is TO 10, and
few instances at so. This advance speaks well for
the prosperity Of this State, and the public credit
which it enjoys. Alabama five per cents. aud ster
ling bonds firm; and Virginia SIX percents. are
done at 81 TO SO.
bank OF ENGLAND.
ISSUE DEPARTMENT.
Notes issu'd E2S, 800, SI5 Govt debt 81 ,nl5 100
Other scc'tiCs 1854 800
Gold Coin and
Bullion. 10 sos 773