The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-11-08
VOL. II---NO. 222.
sfl0netarp ano Commercial Rsbifw.
BALTIMORE, November 6, 1856

baltimore, November 6, 1858.
There was scarcely any thing done at the Stock
Board to-day except in Northern Central Railroad
shares, of which 435 were sold at S21A@2l5s
regular way and S2lA buyer 60 days, the closing
bid being S2l12, but held at S2lA cash, showing a
decline of a since yesterday. In Baltimore and
Ohio there was nothing done, but it was held al
S57A, yesterdays rate, with only $50 bid. We
note sale Of 20 shares Cuba Smelling and Mining
Co. at S55. Nothing doing in Bank stocks or city
loans. The only sale of Railroad bonds was 81,
900 Northern Central 1855 at 1917 cash, falling
off of 4. Other securities are without material
change.
The New York Post of Saturday afternoon
says
To-days stock market is very dull sympathzing with
the sluggish movement in other departments Indeed
we have seldom duer day in financial circles on
all sides business well nigh suspended The tone of the
market however, is much seadier, and the downward
tendency is for the moment arrested There are yet few
stocks pressed for sale but with large transactions
New York Central closed at s3% Gaena at IS z. Rock
Island 65sl Panama at 49, Michigan Central and Iii
nois Central were (ds per cent lower Reading was
steady at 5I% The coal tonnage of the road this week
amounted 5S TONS against Ill 99 tons by the canal
Pacific Mail shares are strongly held in view of the be
raj dividend now pending With the exception of Erie
COnvertbles the bond list little weak State stocks
were frmer, with more doing for investment Missouri
skies recovered to S94.
commenced the 9th ut has resulted in important
Decline the late heavy rise having, several western
has the majority of the better class of railroad and
state bonds been for the most part sustained. The
of the decline is also shown by the compari
of todays prices with those current Saturday last,
when momentary rally took place.
The most marked fall has been in Galena shares which
have been pressed sellers options the price at time
dropping to rs. The heayiness in the western railway
stocks is traceabe almost entirely to the unfavorabie
pect of the October receipts when contrasted with the
turns of the panic month of last year. When compari
ions instituted with the figures of the time in
1855 the quite alarming engender the ap-
prehension that the roads have another trying winter be-
fore them Hence is that many operators who recently
were confident of high prices have suddenly become con
verts to the Bear party.
The vgo for Liverpool to-day takes s64 500 in specie
The general complexion of the money market is without
essential change The advanced preentiens of the
of several of our largest banks have been receded
from within day two, and lenders enabled
gotate about The terms fortnight since. The
specie movement has not been important the alarm
lists had wished who prepared to meet in ami
rates during the winter The reduced wants stock deal
contribute largely to the dulIness in money In the
various departments of trade there is fresh animation
but a continuation of the inactivity.
The exchange market closed quietly, with transactions
obtainable at 5.17Hd5 164. The trade demand is with
held until the Persias mail, when better supply of
southern exchangeis looked for For some reason the
New Orleans mail has failed to come to hand We had
expected to be able to present the returns Of the New
Orleans banks mp to the Both ut, which bear
special interest in connection with the late specie drain to
that quarter.
The following is a comparative statement of the
Imports of Foreign Dry Goods at the port of New
York for the week and since Jan l
Entered s s W he 1872 70. lS53 as5s
Thrown on market. S76SS5 l7SSos $50, ,146
Entered s%e as" a the lsss lsSs
Thrown on Market. S2657 ,163 79,S7S9i4 6O,2S9,37S
Messrs. Thompson Bros, Bankers, New York,
state that land warrants have advanced l cent per
acre, with demand exceeding the supply. They
now quote as follows
40 100 10y siIe siI 1go BY Sfii 81
so acres ........S2 S5 160 acres. ...... 80 IS
The Cincinnati the 4th inst learns from
reliable that the visit of the New York associates
who completed the Eastern Division of the Ohio and Mis-
sssippi to the Western Illinois Division, will result
In an agreement on the part of the proprietary interest in
the latter to furnish the necessary to immediate
impr in roadway and stations to the end that the
high reputation of the of the whole route for
regularity of movement and certainty of connections may
suffer check during the winter months. 1t is quite
probable serious opposition will be made by any
of the parties in interest to capitalization of all the in
vestments in the Eastern Division.
Mr.. Carney, President of the Bank of Mutual Redemp-
tion has called convention of the Banks in New Eng
land favorable to the redemption system to be holden
in Boston the 10th inst.
The receipts in October of the three leading Chicago
lines were as follows
Galena and Chicago. s255,53s s1s9,Ooo
Chicago and Rock Island 16s,54o reported, $1,000
The cash receipts in the Land office of the Illinois Cen
trail road were $4,000,
THE BANK OF ENGLAND AND THE RATE OF DISCOUNT
From the Times City article Thursday eUeang.l
The Bank of England continue to abstain from making
any reduction in their rate of discount They decline to
be guided by the market but whether they have any other
definite principle on which they act processes to
know There nothing therefore, to be said the
subject To ordinary comprehensions the law of supply
and demand is alone that which regulate such mat
ter but If the Bank directors have discovered something
of superior character to supersede it. the public will
doubtless receive the light with soon
it is displayed to them Till the revelation made they
must be content to remain in total uncertainty the
movement that may be at any time expected, and the
Stock Exchange SPECTATORS, who abhor all those fixed
rules that take monetary affairs out of the field of chance
will meanwhile, have congratulate themselves
considering that during the past ten years the Bank have
received general for conducting their bust
the rational system recognized by every kindred
establishment their habit of formally notifying their rate
from time to time being all that remained to be objected to-
the sudden remuneration of the practices and experiences
of tha, interval naturally awakens great curiosity and
the exposition OF their rules of action will be looked
for with impaLience by the whole commercial world
Bank Of England Return.
The return from the Bank of England for the week end
ing the 10th October gives the following results when
compared with the previous week:
Public Deposits... .65 ,5Sl 55s Increase. f174661
Other Deposits. sos 346. Decrease. 76l 020
Rest. 3097 6l3.. Increase. 6,101
On the other side of the account:
Government securities f10, 500, ,467 Unchanged.
Other securities 14,sl5 100. Decrease. 25S9
Notes unewpoyed... II ,642, 545. Decrease. 495,195
The amount of notes in circulation is f2l 496165 being
an increase of 295I5 and the stock of bullion in both
departments is f1927656o showing decrease of f22O
45l, when compared with the preceding return.
DEPARTMENT.
Notes issued s33, 1871
Government Debt Ell 015100
Other Securities. .................. 3,459 900
Gold Coin and Bullion ............ ,663,710
Silver Bullion NEUTRALITY-SUSPICIOUS.. --- f33 1871
BANKING DEPARTMENT
Proprietors Capital. fl4 900
Rest .............................. 3,097,6 ,613
Public Deposits. (including Ex-
chequer, Savings Banks, Com
missiouers of National Debt and
Dividend Accounts) ........... 5,531 55S
Other Deposits. sos, ,346
Seven Days and other Bills $50 465-G37 s79 es2
Government Securities Including
Dead Weight Annuity ......... 10, ,s09, ,467
Other Securities. S15120
Notes unemployed. .............. IL ,642 545
Gold and Silver Coin. 612,S5O-f37 $40 9S2
MOVEMENT OF coNSoLS.
The following tables will show fluctuations in Con-
soils since the 18th inst:
For Money For Account
Oct Low'st. Hgh'st. Closg. Low'st High'st Closg