The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-21
PRICES AND SALES OF STOCKS IN NEW YORK
RY EGRApH
Through WILLIAM FISHER Son, Stock and Bill Broker
No % South street.
The New Y ork Tribune Of This morning gavs.| So

Ihe new ofk ITlbGHe Of this morning
The features of the stock market to-day were the same
as have been chroncled during the past week Cash
stock out freely under the compusion Of the strn-
gent money market and the bears offered their optons
with more boldness than last week The decline was gen
era and varied from to per cent There not much
bidding on buyers option, the differences being very
in most cases, made arrangements to buy cash The
amount of shares daily absorbed must be very consider
able. Many of the current fancies especially Central
and Ere are very scarce, and deliveries made with
great difficulty. Between the Boards he market was
nG[ m anu at the second Board With small business
tablished of the active shorts. After the Board
the result of the Bank conf ference known in the
street. and the market suddenly became active and
buoyant. Central advanced rapidly to AZ a. Galena to
59 Illinois Central to S. and other stocks equally
strong. The excitement was great until an unusually
late hour and the market closed very strong. The
heavness of the market in the early portion the day
was very marked in State stocks and railroad bonds
Missouri 6s sold down to 65 Tennessee to "a, North
Carolina to 76, &c, sale of Government 5s 1874 with
interest on since lst July last was made at s5 Railroad
bonds of the speculative kinds fell OF to per cent
but were frmer at the close Bank stocks We're amos.
entirely unsaeable even at very low figures. The EX
tons very limited, and confined to the best sigma
lures The for Sterling is ~ per cent discount
nsot enortd pnt ~ ave p nf ,sJi me lew
premium. Francs are equally unsettled
The attempt by the banks to relieve the exchange
ket, to which alluded yesterday, renewed to-day
in a different shape. meeting Of bank presidents of
banks with over a million capital called this morning
in the Directors Of the Bank of Commerce. to
slider what Of relief for the present crisis could
be devised About 45 600 of capital sixteen banks
represented and, after session of several hours
during which various schemes to relieve the money pres
sure discussed it unanimously resolved pur
chase t5OOOO OF sterling exchange mercantile bills to be
sent forward for collection, and the avais be
if necessary in gold. Mr. Stevens of the Commerce.
Tleson of the Phoenix and Mr. Taylor of the City
appointed committee to carry out this resolution the
cost of the exchange to be assessed pro rata upon the
banks according to their capital 1t also agreed to
make moderate expansion in the discount lines to make
with the exchange operation an aggregate expansion Of
about five millions of dollars. This amount will do a
great deal toward the relief of the money
present existing, will set the wheels of again
in motion and assist materially in the restoration Of con
fdence which is more needed even than money Such
action as has been taken day was absolutely
not only for the relief of the commercial classes but o
the safety of the Banks themselves
The bank statement to-day is quite favorable in the
Southern drain of week before last The loan line how
ever shows very sharp contraction most of which took
place in the early part of the week under fright During
Friday and Saturday think there was a more liberia
action on the part of bank officers The deposits show
the effect of the reduction of loans and dran nj
gold.
The following is comparative statement of the condi
ton of the banks of New York City, ,November1O 10 and No
vember II:
Nov. 10. Nov.17
Loans ....... Sl25 6367l5 1913 27I O24 Dec 2365 GO
Specie. .......... 2l125429 194644lO Dec 1851 on
Circulation .... 9,54s112 9,266,3l7 Dec 2SI 10
DePosts....... ,296 76,l9O,663 Dec. 1884 G3
The annexed figures show that the banks are really
much stronger position than they this time las
year. the various items being nearly the same while
were then shipping million of specie per week Nov
import gold from Europe
Nov 81 @ ~ SoT ss s 3 Yoy sisss aS52 s. Nqy s j. s
Sssf's5sn Ss{ Bebos 5ss Ssfi sSs5 SsS $ sS
The Philadelphia Ledger, of to-day, says:
The average weekly statement of the Banks of this
city for the week ending Saturday last presents thu
following results the leading items and the following
changes, as compared with the previous week:
Capital Stock slI, ,so5,o ,o85 1l,so6,o1o Inc s97;
Dec
Specie 4,O1l,9l3 4,115,932 Inc. 1O2 9s
Due Due from f R., Banks d925,229 d629272 Inc. 4oof
Deposits ........ 1924 245 15s33,l2l Dec 42lI24
Circulation 2,S92,2l2 279l,752 Dec 100 46(
down their discount lines and contracting their busnes
generally. This is undoubtedly wise and prudent. Th
ducton in this item within the last weeks 81 2Ol
$50 This is pretty contraction, but the necessi
ties of the case admit of no alternative but such is fo
the worst.
The Inquirer says:
We learn that at meeting of the officers of several
our prominent Savings Institutions this city held
resort to the rule requiring two weeks before
ing payments The ohect to prevent a runous sacri
fce OF bonds mortgages and other securities and pro
tect depositors This rule has always been in force b.
some of the older institutions. In the money market mat
ters remain unchanged First class short paper is still
quoted at IL per cent but only occasional sales of fey
of the best reported Second class name
and notes of long date for the time being ruled
of the market and quotations for them merely
The Boston Courier of Monday says:
The money market continues excited, and the pas
week has been exceedingly hard one in financial cit
ces 1t in fact the first period of real stringency
for nearly three years since comfortably getting
the commercial revulsion of October 1857 and peopI
took it unkndly. Borrowers who have obtained all tn
money they needed at cheap rates. thus long, could
get broken into the new order Of things without
little chahng Just people literally more fright
ened than hurt for there is undoubtedly an abundanc
of surplus capital at this moment only those who con
troll are cautious about the manner of its employ
ment and prefer keeping idle running the least risk
Street rates have "a sorts" of prices but it is an excer
ton for the best paper to under per cent and fror
that upward according to quality sources of supply
Some negoators will be fortunate in obtaining funds on
two per cent lower than their neghbors and vet
better paper, but is exceedingly difficult to borro
at any price securities which undoubted i
their reliability.