The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-05-14
SALES AT THE BALTIMORE STOCK BOARD.
PRICES AND SALES OF STOCKS IN NEW YORK.
BY TELEGRAPH.
Through WILLIAM FISHER X Son, Stock and Bill Brokers'
No. - South street
No quotations received for lst Board.


No report the rates for stocks at the first Board was
received to-day from New York but at he second Erie
advanced y from yesterdays price, New York Central
1 q; Gaena and Chicago 4; but Reading declined q;
and Missouri 6's n Harlem closed at SlO4 yesterday
rate
The New York Tribune of today saws:
1t yet uncertain what specie shipment of Satur-
day will be- but it will probably exceed half million
The gradual decline of the specie the pros
poets OF continued large shipments of gold already
produced some disturbance of the money market
anticipated, but the movement yet is important
The influence is not yet felt in any dminuon the sup
ply OF money but in the attempt in quarters put
the rates of interest which partially success
ful The bank managers beginning to look with
apprehension upon the drain of coin, although their
vaults at present amply supplied and the regular
meeting of the Association of Bank Presidents Thurs
daV, II was the almost unanimous opinion that there
should be a conservative course of action adopted
and a general and gradual reduction of the line of
loans. 1t also decided that under the present de-
mand for coin for shipment it the policy of the
banks holding overdue Treasury send them to
the Treasury for redempton This has aIraady heen
done TO some extent during the week, persisted
the foreign drain may be supplied for three weeks
from this We do look for any present
gency in the money market but it appears be shaping
itself for rates of interest nearly if quite up to
legal rate before many weeks.
There is yet but little doing in foreign bills for Satur-
day, and the market is unchanged. Bankers firm
at l10bGllo4 for sterling but bills have
heavy appearance. Francs are 5.12k G5.OSk.
In reference to the failure of Messrs Jacob Little Co.
New York the Tribune says
An intense excitement prevailed at the Stock Exchange
TINS morning upon the announcement of the suspension
Messrs Jacob Little Co. whose large operations
the rise fall have always had influence upop the
market Since the crisis of 1857 Mr. Little has favored
the bull side in stocks and for months
specul On favored his operations since the Spring
OF S5S the current which set in decidedly against
Railway Stocks has been too strong him. although
his operations have been enormous and he
oeen the only strong support to the market, it has
been impossible for any firm, however coura
geous and however influential to offer any
cessful opposition to the downward movement
and the consequence is that he has at length
been obliged to succumb Notwithstanding this gen
has many friends at the Board and the street
and it is but simple justice say that the
Stock Exchange has fully and scrupulousy paid up
the differences which have sometimes been heavy
against him. The consequence of this failure was very
feverish and irregular market at the First Board on
Thursday of the bonds and in which Mr. Lit
tie is supposed to have large interest falling severely
and suddenly while others after little utering ear
ly sales, gradually stifiened up and advanced.
1t Is seldom that more rapid fluctuations in our
stock market than those recorded Thursday in in
terya OF two or three hours and glance the list fol
lowing prices from the start in the morning the close
IN the afternoon, will give the idea of the
Hurry and excitement which agitated the New York
Bourse during the day One of the sudden rally
should not be overlooked viz the forced purchases which
nave been made in consequence of the delivery
Mr.. L1tties stocks Wednesday, he having been a
large seller of regular stock One firm it is stated
bought privately ofhim Wednesday shares stock
tracts by purchases time of Mr. L. there was of
course sudden and rather unexpected embarrassment
IN the arrangement of these transactions In this way
100 hctltlous demand created, in a scramble for
stock which resulted from the necessities the BUYERS
rather than from the voluntary in support
the market
The receipts of the Michigan Central Road for ApriI
show even larger decrease than had been anticipated