The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-06-04
Mlcnttarg anh Commercial Rtbith).

There was fair degree Of activity in Stocks day
the Board and we note decided improvement in the
general tone of the market The fances were decidedly
stronger, and all the Mining Stocks with the exception
OF Gardner Hill, higher. Gardner Hill brought,
however about yesterdays figures The inquiry for it
brisk, and 800 shares sold at $7bG7, the
closing sales being at the latter figure Considering the
depressed state of the market for Copper stocks
days past and the fact that the nominal par this
is only SIS per SHARE the sales indicate very great strength
in it. and entertain doubt whatever hut that this
stock. well that Of the Guilford and Springfield
Mines possesses very great intrinsic value The other
mines still experiments but of promise
ceedingy well. Guilford improved to-day Springfield
4, and North State X to q. Sales ade of 340Q
shares of Guord at from 81 up S419 the market for
it closing at s4 bid cash, 1000 shares of Springfield
S5SCd5H, and 800 shares North State at So Cam
bridge dull and rather heavy, the sales amounting
to only $50 shares at 81 691 rs, but for Consolidated
and Baltimore and North Carolina there was fair in
quiry, and both these stocks advanced each. Sales
were $50 shares Consolidated 81 69Gl
and 500 shares Baltimore and North Carolina at 81
LA Nothing done to-day in Silver Hill but the
market for this stock pretty strong Railroad shares
decidedly frmer than yesterday. No sales of
Baltimore and Ohio were made but $40 cash was bid,
which is advance of 81 per share the price bid for
it yesterday. Northern Central was, however, quite
tive, sales of about 600 shares being made s17%
Io% casn, ana Slo7sDlS time, these HSures D+lng an
advance of q to Il dollar per share yesterday
prices In addition the transactions above there
sales the Board of % shares Georges
Company at $685. 20 shares Bank of Commerce at S25A
900 Northern Central Railway 1855 bonds at 66H and
$1,000 Baltimore City 6's 1890 at 1O1A.
The Howard Fire Insurance Company of this city, has
declared dividend of ten per cent
The Mechanics Bank has declared a dividend of five
per cent for the last six months the State and city taxes
being paid by the Bank
"PoLIcY' OF THE BALTIMORE AND OHIO RAILROAD.
We cut the following from the last Cattle Market report
of the New York Tribune
There is among drovers in market this week
that the New York Central Road will advance the
rates of freight from Buffalo and Suspension Bridge to
Albany $40 We doubt the truth of the The
competition by the three routes south of it is too
great to admit of advance if the road desires to hold
its present business The freight this week from Central
1nois, Y wa INDIANAPOLIS ONO ana nd Baltimore, to New
the Baltimore and Ohio Road is doing exactly what its
Northern rivals like, viz forcing shippers to leave that
route by acts of oppression concocted in the spirit
OF fooshness. Agents of the road have overrun the
West engage shippers to send stock in that way hold
ing out as one OF the Inducements beside low freight the
advantage of three great city markets-Baltmore Pha-
delpha and New York. But now that shippers have
made their arrangements and current of business is
running that way they told that they cannot sell
their stock at Baltimore without paying full fare to
New York and if they sell at Philadelphia. they
tuay charged about 81 so head of full
New York, and this week drovers positively forbid
to take their cattle off at Philadelphia when full
to Camden was offered. The agent of the Wilmington
Road says that he has been notified to charge all cattle
stopping at Philadelphia 'loca fare" and the Camden
and Amboy agent says if the cattle stopped Pha
depha, and their owners aerward wish bring them
on to New York. they cannot do it unless they pay full
fare from Philadelphia here 1t is well for Western ship
pers take notice of this state of hngs understand
that some "cpherng has been done lately the New
Jersey Central and Pennsylvania Roads, and figures,
which won't lie that stock transportation is dec
dedly profitable than passenger transportation
taking the average of the trains 1t will be well for
other roads to cipher little upon this problem.
Since the above has got into print may well say
that we have for time been in possession Of facts in
reference to the cattle trade the Baltimore Ohio
Railroad, which confess have appeared to our udg
ment very extraordinary. knowing, however, that
our road had policy of its own, and that that
policy has been frequently declared by its author
to foster Baltimore interests and give her the full advan
tage OF her commercial position and the of the
polite truly wonderfu and sometimes entirely
finding out' preferred not to leopard the prosperity
promised, by untmey blabbng, but wait until had
defeated all Northern rivals by the aid of the great
"aorta," before showing how the thing done. As
our Northern contemporary however has let the cat
of the bag it will do harm state that the policy
giving Baltimore the full advantage of her position,
IN the cattle trade, has been illustrated by raising
into frstclass way station, which receives live stock
from the West at the most favorable "loca rates. 1t
being well known that this city is the tern
Of the road which, according to Mayor Swami is but
extension of the Patapsco and the Atlantic Ocean,
according to later authorities, only continuation the
Camden and Amboy-ths is as much could reason.
ably expect 1t WILL therefore, excite surprise
that not very long of principal cattle brokers,
whose business is worth many thousands of dollars to
the road wished to take out lot of CATTLE which he had
shipped from the far West to New York, at Baltimore
and on sending to the Companys Office to inquire what
deduction would be allowed the through rates
was told that if he landed his bullocks here, he
would be charged local rates. and the operation would
cost him three dollars than sending them
to New York We believe that the advantages this
market developed by the pocy'' did not, that par
ticular moment justify the increased charge and the
cattle sent 200 miles further and teny three dollars
saved Other brokers applied for free tickets
the men who had charge of cattle landed here, and
refused although the drovers cattle sent to New
York always receive them matter of course. We
know many facts fully confirming the statement of The
Tribune, which it is unnecessary here detail. We be
eve that statement to be true although cannot en-
dorse the expression that pocy is forcing shippers
to leave that our route by acts of oppression concoced
Sin the very spirit of foolishness The results
which have attended the securing to Baltimore the full
advantages of her position exhibited in advancing her
to the dignity of first class waystation, with favora
BILE Northern connections when she might otherwise have
been nothing but terminus aud seaport vindcate en-
rely both the wisdom and good faith of the policy"