The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1859-06-06

PRICES AND SALES OF STOCKS IN NEW YORK
BY TELEGRAPH
Ouph " IIIIIN FIsuFR & Stool nd pill
-'1''TIAVt F'eNtlNIy
he New York Post of Saturday afternoon saws


The New York Post of Saturday afternoon saws:
The stock market, in its main features is much the
same as on Saturday last inactivity indifference still
being marked The tendency of prices to day was
downward under increased pressure SELL This ap
plies more especially to railway securities the State stocks
and other good bonds being confidently held The sales
were again largest of New York Central which closes at
TN decline Of y per cent Reading which at one
time yesterday touched &c. has 4O4 There
is little inquiry for it. Harlem preferred is lower
Rock Island p, and Pacific Mail 4 Hudson River and
Gaena steady. OF the Railroad bonds the only i'm
quoted at s5
The week closes tighter money market though it
is gratifying that there is indication of sringency or
excitement in any quarter The rates is more the
result of the general curtament than of any increased
demand from the mercantile community. 1t true how
ever, that much caution prevails and credits must pass a
keener scrutiny but there difficulty placing good
paper which very and much sought by the
banks and large moneyed establishments
The ruling rates for first class paper are 7e per cent
according to date and the preferences of the lender We
know of list of short 60 days paper passing at per
eral at sac pc cent
There is much speculation in the market day rela
ton to the specie of the weekly bank statement
now making up After allowing for what has been re-
ceved from the Interior and the shipments of Wednesday
and Saturday last opinions centre upon % to $50
This of course is independent of the greater portion of
to-day Shipment, which counts in weeks returns
The exchange on Europe closes dull at slight decline
IN rates The top rate at GO days London on
Paris 5llS The shipment of gold to-day is increased
beyond first anticpaons in consequence of the disinc
nation to purchase bills with the former freedom.
The steamers City of Baltimore and Vanderbilt for
Europe today take together 81 664 specie which
is considerably larger than has been expected.
The negotiation Of per cent. Treasury notes by Mr.
Cisco the Assistant Treasurer, is going steadily With
in few days several Savings Banks consider
able sums.
1t noteworthy evden Of the low level to which
the freight business has been brought by the railroad war
between the Four Trunk Lines that an invoice of 600
barrels of -four just delivered here Louis at the
low hgure of 62 cents per barreabout % per 100
pounds
The Michigan Southern Road earned in Nav s135 ono
against sS20OO for 1858 The Company own and run 525
miles of road and at the above last month show
earnings OF S3OSo per mile per annum The average
penses per mile per annum according the Companvs
last report 1886. This gives them about SAYS 0OO
net earnings for the year.
COTToN.-The cotton market has been in a most unsat
tied state all the week. and business very limited Pr
ces have settled down to a low point bmt still mammal
The Liverpool adyices continue of the depressing
character and improvement there be looked for
before any reaction reasonably be expected here
Dull accounts are anticipated by the next weekly
steamer but there is growing impression that the bot
tom will soon he reached now, and it will be favorable
time to operate.
The course of business the Corn Exchange is verv
unsatisfactory to holders. further decline in bread
stuffs took place today, closing heavily The leading
articles of provisions also lower prices are for the
most part nominal.
The foreign imports Of general merchandise for the
week not large as for the last week but are far in
excess of the corresponding week of last year:
Gen merchandise 25is9 59 s1ss s5iSsI4
Total for the week.. sse5ss6s Sass, $50 s4S3s 951
Previously reported e6,O2222 4ss6s,3 ,33l 10l $50 GIG
Since jan 500 $50 1s1 s51 57 22O slO6 2le se7
The interest accrupg the debt of the State of i
nos the first Monday of July will be paid bv Mr.
James Miller, Treasurer of Illinois, the office of Howe
Hamlen Co., No 95 Wall street, on and after the 5th
proximo.
In the Cincinnati Gazette of June 3D. we find the follow
ing:
The Silver redemption lodge which the Missouri branch
banks seeking introduce more uneasiness
regarding that currency, and bankers are beginning to
inquire with interest than heretofore as TO the best
mode of meeting difficulty that s daily growing more
formidable and threatening The refusal of the parent
banks in St Louis to retain the branch on par with
their own issues caused disrust and the adopton
OF the silver redemption SYSTEM which is always regarded
as an indication Of weakness has in connection with the
wide difference in the rate of exchange between Cncn
natl and ST. Louis forced upon bankers the consider
aon of questions looking self protection
but what will be DONE whether any thing will be done
is not possible to say There is growing feeling in
favor of discredtng the banks by putting the notes at
discount but upon this point parties entertain views so
widely different, that it is probable uniform action
will be taken Immediately We have reason to think
however that in bankers have about copclud
ed to notify depostOrs that the not be received
at par Should the banks persist in the system of redeem
ing in silver or paying coin in nstaments of S. it
difficult to understand why the paper should be regarded
as worth IL az per cent. than Illinois and Wscon
sin currency and &G% than the issues of the Ind
ana Free Banks.