The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-01-06
SALES AT'THE BALTIMoRE STOCK BOARD
PRICES AND sALEs OF STOCKS INNEW foRk
BY TELEGRAPH.
Through WILLIAM FISHER Son, Stock and Bill Brokers
90 str

], d. Pratt Co. have sent US the annual circular of
their principal house in New York. from which make
the following extracts:
1t is evident that effects of the disasters of 1857 still
remain and that they exhibit themselves in the heavy
SUSPENDED Indebtedness of the West remaining uncance
ed At the time of the crisis it was very generally be-
both creditor and debtor that the latter
ed the ability pay in full, very nearly so; and very
general spirit of accommodation that under the crcum-
most praseworthy existed and was proered
and accepted Circumstances however, have shown that
this hope facous and that spirit OF specu-
lation, which prevailed generally had driven capital
from its legitimate channels and that large proportion
of the traders the West had made investments in real
estate which the inflated times of $50 seemed to promise
safe but which in fact ipjudicous, unsound and
have largely contributed to the depressed condition which
that portion of our country now exhibits Our mer-
chants understanding that the prospects not bright
ening, now pushing their claims and assignments
foow-the assets, in most cases. exhibiting themselves
in lands stated which have been bought at
value and which, in the end, will net but small per
centage on the debt involved.
Our merchants well understand their business and
the wants Of the country Inflated times may lead them
to ovetrade but taught by their recent sad experience,
they at this moment sufficiently conservative and
likely to glut overstock the market Such event
will be produced only by the desire Of European manu-
facturers and consgnors get rid of their goods by ship
meDt to this country.
There were in the United States and British North
America, in 1857, 2040 06l trading firms, and in 1859,
29 1874 The of 59 57 is accounted for by
the fact that in making table of statistics for 57
counted out large number of firms who had suspended
but who have since resumed business which we now en-
brace together with small trades not before appear
ing books The increase of population has also
had effect and the healthy condition and good credit
of the South have caused many trading establish
ments at different points throughout that section.
The aggregate of the past three years shows bank
rupt debt in the United States and British North America
of the of S46S 355 ST. of which amount
$262 sos will prove absolute loss to the creditor
This irrespective of the immense losses by railroad and
other public corporate companies. These astounding
figures would be inclined to discredit but for the
proofs furnished by our records.
Accompany the circular is statistical table, showing
the mercantile failures 1857 '5S 49, in the United
opJR Wit aJv coffh Tho
the failures and the average per centage of loss
caused by them. In 1857 there 5l2S failures
s299 sol OOO in 1885, 4537 failures for 500 ST. and
1882 263 for sos 1867 900. The whole table is
ceedingy interesting and valuable one but long
for columns 1t gives pleasure to note the fact
that regards sovency the position of the South is far
better than the rest of the country.
The New York Tribune, of yesterday, says:
There very sharp demand for money early in the
day especially in stock circles, but after O'Clock the
is per cent, and occasionally more is paid. The
ment is however Irregular the supply in quarters
being quite abundant The large payments of gold into
the Sub-Treasury 81 10000, account of Treasury
Notes the principal of the disturbance to day
and has materially aided the strngency brought about
by the natural concentration of large amounts of money
here payment of coupons, dividends &c Paper
is 7GS cent for frstcass signatures and the amount
of transactions is moderate
The Erie gross receipts in December were s6OS OO0--
The receipts after settlements with other roads it is
anticipated will be about S500000 against S392,0 in
1858 The interest the First Mortgage Bonds has been
paid in full and the Receiver expects to be ready within
week or ten days to commence the payment on the sec
ond The Directors had long and interesting session to-
day. discussing scheme for the payment of the Sec
ond Mortgage and other matters which were pressing
upon attention We could not ascertain what
the result of the meeting, there disposition
shown conceal the proceedings The trustee of the
Fifth Mortgage will probably now proceed at once to OBJ
tain order of sale of the road when another opportun
y will be given to parties who have not yet asented to
the scheme of organization, to do So.
The November statement of the Receiver of the Cncn
natl, Wilmington and GAINESVILLE Railroad, shows