The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-06-08
tlonstarg anh Commercial 8tbieto.
BALTIMnRE Inna Z lSI

FS"""%g @Isu UUu&lllklLlal AeUlRW.
BALTIMORE, June 7, 1860
inere was comparatively little business done at II
STOCK Board today and the market was rather heavy
well as inactive. The business done was chiefly in Mimi
ochs the sales OF which included 3l2s shares Sprin
heid, 1900 shares Gardner H 900 shares Cambride
%oo shares North State 500 shares Consolidated and &c
shares baltimore and North Carolina. Springfield ws
hrmer today than it has been for days past. Th
sales were made at s5H cash and s5H time these figure
peng an advance of yesterday quotations Care
ner Hill was however decidedly weaker the sales show
ing decline in it since yesterday of dollar per shar
1t opened at S7b buyer 80 days. but the closing sale
were made at 81 buyer Go days. and it left at s6A bic
81 asked regular Cambridge sold at the same ignre
as on yesterday, but North State Consolidated and Ba
tmore and North Carolina were all little lower in price
Railroad shares were frmer than on Yesterday Sale
were make OF 30 shares Baltimore and Ohio at s6 see
60 days and 400 shares Northern Central M sls casb
SlSs buyer GO days. Baltimore and Ohio left off at a.
bid, S7s& asked and Northern Central closed at ss hid
Sls$ asked regular way No sales of Railroad bond
were made today but there were sales at the Board
$500 Baltimore City 6's 1875 at 100 and of fav
shares of Bank stock at full rates
In another column will be found an advertisement =
the ncorporators named the charter of the AIqrNop
"arihe insurance Co announcing the openinr of tb
oAs ior SUBSCRIPTIONS to the capital stock of the Com
P"5 An institution such as is contemplated is mucl
needed here and take pleasure in calling the atten
uon OF capitalists and business men to this enterprse
me parties having it in charge all gentlemen of h
highest respecabilty and are sure that should il be
under their control its affairs would be honestly and in
teligenty administered Although no efforts have been
made to procure subscriptions stock we learn tina
between 100000 and $4,000 has voluntarily sub
scribed.
By the following extract from the New York Tribune
of to-day it will be that the contemplated Mining
Board has been organized there:
"The Mining Board was organized Yesterday bv the
eecuon OF Mr.. 0. d Ashley President, Mr.. Howard
Wainwright as Vice President and Mr. White of Worth
y White, as Secretary. About twenty members were
present and the membership for the present confined
to the members of the Stock Exchange Mr. Ashley de-
chned to serve as President"
Foreign Exchanges continue pretty firm but there il
only moderate demand for bills. The rates to-day arc
as follows, viz: London bankers bills 1o9% (a1094;
do commercial do, 1094 4G1G9H; Paris 60 day bills
9t tl3A do short sight do, 5f114; Antwerp, 5f129;
Bremen, 79@@794; Amsterdam, 41H@41%; Hamburg,
81; Cologne, 735; Frankfort-o on the Maine AZ
THE POLICY OF THE BALTIMORE RAILROAD ON THE
CATTLE TRADE.
In reply to article on this subject of last Monday
I"e American of Tuesday, after very grauitous mpu
taton upon us for assang valuable home interests with
out due investigation, promised us right with
facts and Statistics This promise, presume it in
tended to redeem Wednesday when it published
column under the head of The Western Trade and
the Railroads" To call this article reply to any thing
we said would be- in the highest degree absurd 1t as
sumes that this community ignorant of the increase
which has taken place the road in the cattle trade
and proceeds, not only to enlighen the town on that
point, but to laud the energy of the "manaeement,
which has effected such result. After quoting COM
plimentary article of May oath in the New York Tri
bupe, it complains that
Upon the appearance of this rsrate notice. none of
oar Baltimore journals had a word to saw nor was any
quotation or extract made
We respectfully ask why Tie american did not publish
THIS hrstrate notice 1t really singular com
plant for an editor to make of Journals among which
his own was prominent, and looks as if the "manage
ment had managed the assumption of the editorial role
not very adroitly. Our for quoting compl
mens upon the management of the cattle.trade was
that we have, as we before stated for long time been in
possession of facts convinced MS did not osar
audation, at least from Baltimore journals Our aIega
uon was not that the catetradc the Baltimore and
ONO karoad had not increased but that extraordinary
determinations against Baltimore interests prac
ced therein and mentioned certain facts and ouoted
from standard authority the cate-trade in support
OF our charge Beyond general denial the truth of
The Tribne's statement, these facts are dis
puted. The american, the management, in The |
american, says. however, that 1t has-No in |
formation this subject to guide it in defer
mining the question whether the Road is managing its
business as to operate unfairly against the interests of
Baltimore further than the published tariffs and rules of
the Company, by which it appears the last move
ment has been to make practical reduction of ten dol
lars per car load from the Ohio river for the Baltimore
trade 1t also states that in consequence of certain un
satisfactory features the principal officers of the Balt
more and Ohio, and Philadelphia Central making com
mon cause convened at Baltimore and revised the tariff
ana rules governing the business which revision took
effect on the 7h of May. 1t also quotes the published
tarn OF freIgh on the Road from Wheeling, Benwood
Parkershug, Beaire and Bridgeport, all which show
apparent discrimination in Baltimore In respect
to tosheets issued by the Baltimore and Ohio Road il
may be well to remember the following sentence from the
report of the Committee of of the last esisla
re on the subject of determinations against Baltimore
Your Committee had placed before them toll sheets is
sued IN New York and Baltimore by the Batimore
and Ohio RalmOad Company which sheets show on tbe;
faces great discrimination against Baltimore hnt aS II
proved by the officers of the Baltimore and Ohio Rail
road that the charges made by the Company were not in
Sccouance with the rates printed upon the sheet your
Committee ruled them out' ~
But this tosheet from the Ohio river even if reliable
proves little or nothing in regard the rouq trade
ew ork as few or no cattle primarily shipped at
lhose points, They mostly come from places beyond
anu ls only when cattle stopped in trausitu in Bal
more that these oca rates. take effect They are wholly
deceptive when used for the purpose showing general
discrimination in favor of Baltimore We have now Ivn
before us duplicates of two receipts for FREIGHT one b
he Central of the May 14th and the other
by the Baltimore and Ohio of June the 7 bis afternoon
lhe irst allows deduction of Sl1975 Camden and Am
poy egh on lot of cattle shipped at Chicago throuob
to New York and taken from the cars at Pbiadelpbia
the whole charge through being 1894 This dsposes Of
assertion ef the management" that the Pennsylvania
central has made compact date of May 7th which
onds to course of policy similar to that of our road
or at all events fmade adheres to it. The other
celpt OF this date, June T. is from the Baltimore and
ohlo ksroad itseor five ocattle shipped from To-
iona ILL.,, through to New York taken out here The
charge on this lot s27 So Last week the same broker
ad nVe cars cattle shipped from same place Tolona
III, TO New York, which went through at CHARGE of
sf'5o ory dollars less the Net2 York lot last gee1
iadn on that taken ogt at Baltimore to.dau which
Is equal to a discrimination in favor of New York
just ten dollars per As both these cases have han
ehed since the reduction of dollars per car from the
oho river to Baltimore, and the new compact with the
wanna Central we may Judge what were the exac
Aohs before that beneficial change We can multiDlv
acs OF TINS character to indefinite amount and whom
q" American or the management next turns its at
'enuon to facts and Statistics we hope it will axn,oi
or refute these when it will be quite time enongb r.
praise the energy and skill of the management and r.
onke us for making charges without due Investigation
our want of space compes quit the subject for the
present, but it is by means exhausted
TII ~ r