The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1858-12-13
sf(onetarp ano Gommertial 8ebieW.

former fell off =, and the latter Z per cent. Of
Northern Central there were l,300 shares sold, at
S2l4 seller 60 days, S2lM@2l14 buyer 60 days,
and $2l2s buyer days, and the sales of Baltimore
and Ohio add up 475 shares at S5G34 5GE seller 60
days, $685. a 5G15 buyer 60 days and 5G% regular
way. The former stock left Off at S2ll4 bid, S2l12
asked, and the latter at S5G bid S5G3s asked rcgu
lar way. Northern Central Railway 1885 bonds ad-
vanced to-day =, and Northwestern Virginia en-
dorsed third mortgage do. per cent There were
sales of IS 900 of the former bonds at 10, and OF
81 900 of the latter at 68%. Other railroad bonds
were firm, as were also State and City G., but no
further sales were made. The sales of Bank stock
include II shares Farmers and Merchants at Sl0B
an advance of g. 40 shares Marine at S29l@, and IL
shares Franklin at Sll34.
The New York Post of Saturday says
The dealings in stocks day showed considerable firm
until Michigan Southern Guaranteed called, when
decided decline taking place in the stock, produced
general heavness the whole share list and the closing
prices are about per cent lower than the opening
figures.
The fall in guaranteed Michigan Southern is occasioned
understand by the question of ledeeming the divi
dend scrip recently issued by the management appears
that company think that they have profit from the
business 500 900 several directors Sl35OOO
while the other members of the direction are opposed
the disbursement of dividend not being that such
net result has been attained The inference from this
disagreement is, that dividend has been earned, or
has been appointed to ascertain whether the surplus war
the payment of dividend. 1t is quite probable then
that dividend will be paid present. The disburse
ment of dividend when there is question whether II
egtmately be done, is calculated, in our opinion,
to better stock than if the was paid without
investigation. The policy OF floating on the market iresh
obligations in the shape of dividends before it was known
whether the revenue will meet them, is, in any view
questionable.
Hudson River, Illinois Central, Panama and Pacific
Mail were steadest the list Gaena and Rock Isl
and were offered at a decline of per cent. Michigan
fell Ia far New
bid at the close
All descriptions of railroad bonds and State stocks
firmly held and in instances advance was paid
The of the Stock Market during the early part of
the week in favor Of the Bear interest who seized
upon the publication of the Presidents Message the
opportunity for incr easiug their already heavy
New York Central Pacific Mail and Missouri Skies have
been the principal objects of attack Pacific Nail shares
have uctuated considerably being very sensitive to the
various respecting opposition routes, &c. which
from day to day set aoat Within few days it has
been observed that the public disposed to ur
chase and hold railway shares. With respect to New
York Central this is quite marked and the cash stock has
become scarccr We know Of one house that has $500
shares certificates loaned without interest The bet
demand for the Gaena and Rock Island is prompted
bv the belief that the next turn in their traffic will be
decided Improvement 1t has probably been overlooked
by that very heavy rains during November seriously
nterfered with business all the far Western roads and
it fair presume that the lines that are unrammcIIed
by cmbarrassments and well conducted, will, upon an
improvement in the trade of that section, became more
deserving of the confidence OF the public.
The Bank statement making up today VIII probably
show loss in specie of about S5OOOOO and rise i'll
loans
The Arago for Southampton to-day took S6l2, ,4s7 in
specie which is rather larger looked for. Ster
ling Exchange closed firm at 1094Gl09k per cent for
Southern and city bills Francs were more freely offered
sales at ) l7}aajl3a.
The New York Tribune of Saturday says:
A list made up Friday to take reissue of mil
lion of Treasury Notes at par the notes bearing AZ per
cent interest. The Secretary will probably accept
the bid having invited the proposal The market for
Treasury Notes has been rather more active within day
two past We notice sales OF some S2OoouO yesterday
and day at for ~ cents and 10 per cent pre-
MUM for y per cents The Government Loan is in fair
demand 20 premium; the asking price is l premium
The Directors of the Michigan Southern Road have
been in session at New York for several days The ques
tor Of the dividend Preferred Stock, has been dis
cussed hut decision has been arivedat 1t appears
that the Road has earned during the last six months
ahont per cent on the Preferred stock provided the
traffic Of that period be only charged with the legitimate
disbursements belonging to it. it is possible that the Di
while the Road is still under financial emharass-
the resulting profit whatever it may be, will proba
bly, he carried the credit of dividend fund belonging
the Preferred Stock and which will be paid out in some
manner at proper time hereafter.
The following is comparative statement of the
imports Of foreign dry goods at New York for the
week and since Jan. |:
Entered ter d's at the S port 81 70Osas s7772 SlsO191
Thrown on Market. 1,l55,4sS 4S,14 5oo77S
Messrs Thompson Bros, bankers, New York,
say:
In Land Warrants there is an improvement in some
during the week both supply and demand being equally
light. We quote to-day as follows:
30 acre l"s 81 90 40 .,. 81 IL
so Observation-Disclosures. s4 so acre............ 81
1SS 1880 IS IS 1aS iaS s.
The following are the statistics of the New Y orl
Bonded Warehouse:
Total value of goods bond Nov. l. 1S5S... s9554, So
Entered from foreign ports in Nov 1881
Received in bond from other domestic Ports 42'12
Total .......... II ,322 Co
Withdrawn for consumption here. 81 l2i655
Re-shipped to foreign ports..... 4f3559
Transported to other domestic ports 17Ol5l 275S36
stock in warehouse Dec. J. lS5S....S IS 56i ,23
Leaves stock in warehouse Dec l, ~ ,34 ,SS
Leaves stock in warehouse Dec l. 1856 ...l3, AS 10
Leaves stock in warehouse Dec l. 1855. 10 O62 80
The New York Independent says of Dry Goods
'.There is a moderate business doing in Dry Goods
especially in staple descriptions which is likely
tinue through the Winter the moderate purchases c
many dealers leading necessarily to more frequent rene
ais The purchasers however limited, in seasonabl
goods, to immediate wants and in Spring goods to tn
distant markets to cothiers for making up Spring ga
mens. The Fall business is not generally complained o
Many houses have sold more goods than they ever dG
but the business has been restricted and has bee
transacted by fewer number of dealers. The trouble
of last year have weeded the market and the existin
houses mostly of ample capital Silk fabrics OF stap
kinds steady in price. Merinos and Woolen Plaid
in moderate stock. Ribbons are in large supply, an
be bought at low prices Thebusiness in Shaw
is nearly There is more frmness in Cotton Dome:
tic Goods, with steady though moderate demand. III
manufacturers steadily work, and anticipa
large consumption both at home and abroad. An il
crease in the China trade and generally
especially calculated In Prints and Delanes the1
still remains degree of activity, and prices al
steady In Wooens there is not much doing Cassme-
sell the best the clothiers making purchases
Satinet there has been speculative demand at low pr
ces which has reduced the stock in open market cons
erably."
The anthracite coal tonnage of the Lehigh and Schuy
kill regions for the week amounts 104 S3 TONS again
9550s for the corresponding period last year. being an
crease of S,675. The canal lines show increase
1854 the Schuylkill, and SS71 on the Lehig
while the two railway lines show decrease of $40
the Reading, and 2,499 on the Lehigh Valley. For u
season, the coal tonnage Of the four lines amounts
4277 l05 against 62z last decrease of 925
All the lines an the season, except Il
Reading whose falling off is 1SS 346 tons. The coal to
mage of the Schuykill Navigati is 301 $50
The Cincinnati Commercial states that the City Cou
ellis of Chicago have granted to p Ft w & c. Compar
the right to place its tracks along Canal street as
down Randolph, and they have already purchas
from property holders the necessary ground to make
connection with the C. St. P & F. Du Lac and Chica
and Milwaukee Roads.
When this road is completed it will connect its trae
with the Chicago, Burlington x Quincy, Chicago Alt
& st. Louis; Chicago Rock Island; Galena X Chcag
Union; Illinois Central Chicago, St Paul Fon du- La
and Chicago Milwaukee Railroads 1t is probable tn
the remaining six miles to the city, and the improy
within the same, will be completed within the ne
four weeks, at farthest.
The managers of the Wamsport and Elmira Railro
company, at meeting held on the 9th, unanimously
cded to pay the coupons on the lst mortgage bonds,
the commencement Of the new year
There has been much more than a sufficient number
shares of stock of the Bank of Phenixyie, Pa sold
which will be done Immediately.
The Phia Ledger understands the Chester Valley Ra
road company Saturday executed lease OF Its ro
to the Reading Railroad company on the terms peVlo
iy agreed on; which is something like this 40 per ce
on business of $50 600 IL per cent 100000 Al
0,000 46 per cent on $50 O0O As per cent
$4,000; so SS0000 instead of this sdl
scale will the road 90 mile at the Opt
of the Chester Valley Railroad. There are some qual
cations in the terms above enumerated bnt the aran
ment is considered much better than that for the p
year, and in efTectug it. the president of the compa
has been sustained by the irectors throughout.
The total receipts of the Mississippi and Tennessee RI
road the month ending November are S2 $50 ST. bel
$13,l75 30 over the previous month. Total receipts
the two months. $47 1873.
The Cincinnati Gazette of Thursday says Freights c.
signed Baltimore, and there reshpped by indep
dent water line carried to Boston FIVE per
lbs less than the through rates between Cincnpat
that city. This causes good deal of grumbling
part all rail lines but the Baltimore and Ohio Raro
Company say that they do no more than charge
lar the terminus Of their own line At the LAT
point private enterprise steps in, to the advantage
shippers "Convention should be called to settle
matter. A monopoly to be successful skelld be compl
and to be complete it must extend itself over land
sea rivers and canals streets and turnpikes esupl
the Baltimore and Ohio managers will be called upoI
decline all shipments consigned to the Baltimore and
ton Steamship Company.
The State of Minnesota provided for the interest
its eight per bonds, due in January, and in fa
part the interest well as the contribution to
sinking fund, is already in the hands OF the Treasu
of interest and the mantainance OF the 81
ing fund provided for by five mill tax which is
Wed for that purpose and the amour is now suncie
pay the interest twenty thousand dollars of
principal in the shape of sinking fund annually, WI
viii liquidate the loan before maturity.
We learn that the city of St Paul, Minnesota has
ated in Boston part of 100000 per cent bonds at
per cent These bonds issued to the Bridge Con
ny, and the city holds security first mortgage on
Bridge. -
The Lowell Citizen says that of the S2,500,0O0 cal
stock of the Merrimac Mills, $26l 900 is owned in
citv. much of it by overseers, operatives, &C. who
ebgra- Tla