The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-17
AFTER THE BOARD.
662 shs. 3. K O. RR. cash-hS
PRICES AND SALES OF STOCKS IN NEW YoRK
nIrI 70

The New York Tribune, of this morning saws:
The Stock market was quite active this morning, with
more disposition shown to deal time The bulk of the
transactions, however, is still on time, The feeling
strong until the circulation Of false rumors in regard tn
the suspension OF the Baltimore Banks some alarm
among the tmd operators, and prices fell off, The mar
ket became mer after the discovery the faty of the
rumors but was still unsettled. Between the boards
tefe was some weakness and at the second board
siderable rreguarty although the Western shares
generally better The adjournment of the South CaroIi
ma Legislature, and the more favorable commercial adj
vices from the South have evidently had good infu
ence and brought in buyers from the outside public but
the Improvement which might have followed has been
checked by the strngency in the money market. The
panic feeling has almost entirely disappeared and the
market now appears to be governed by the innu
encCS. The bc0rs do vvit m eue~ry- nd
probably buy than they put out 1t gen.
orally conceded that the Stock market will be feverish
and unsettled certainly until after the South Carolina
Convention and that the political element will he
aggravated by the disturbance in commercial af
fairs consequent upon the agitation Of the question
secession hut is also generally felt that the decline has
been in most quite large the circums
justify and that any attempt to depress stocks further by
the usual bear machinery might he dangerous and might
return to plague the inventors. There is also steady
absorption of stock by parties who take the certificates
out OF the street and this process must eventually arrest
the decline by taking off the market surplus
and quotations were irregular The thermometer of the
market, Central, down to 73 against "A in the
morning. In State Stocks Missouri 6s better but
generally prices lower. Railroad bonds were not
active, but some descriptions better.
We notice no further Improvement in money matters
but paper anything rather currency than yes
erday. strictly prime names have been passed to-
day at sac per cent but what usually considered
rStclass have been sold as high as lldl2 per
cent, Jobbers and commission house paper 12GlS per
cent. Even at the above high rates. parties who are
driven into the street by the refusal of their banks
count nd 1t impossible TO place considerable
On demand the supply of money is moderately free at
per cent choice coaterals We hear sale of per
cent Treasury notes due in January at = cent dis
count Those of lower rates of interest unsaleabe.
The Philadelphia Ledger, of to-day, says:
Two or three mercantile failures were reported here
yesterday and the day before One is that of an old
tablished firm and of the others small dry goods
house We withhold the Names it is possible ar
rangement be effected with creditors and the bust
be continued before Our money market more
and more stringent the banks pursuing steady course
wisely strengthening themselves to meet any contingent
cy. Short No bills can be placed at SI10 per cent
while long time paper not thoroughly approved would
hardly command the money at per month Call
loans, with satisfactory collateral effected at per
cent The news from Baltimore is that the attempted
Of the banks speedily checked by the prompt
payment Of all claims The market there here and at
New York, is stringent but failures of any account
There was light business in stocks yesterday the
hons OF the entire day being included in sales of S2 900
of loans and about 1000 shares all except some 600 being
shares in Reading Railroad The market opened
fuly Reading at is, advance of the closing sale
OF the previous day. 1t gradually sold down II and
closed at II y bid and II "a asked.
The Louisville Journal of Wednesday, seys
We gratifed to learn that Kentucky Banks are
aording all possible aid to of business by dis
counting as much regular paper proper regard fol-
their security will permit More than this we have
right TO expect in the present excited of The
market and the inevitable necessity of
which the Southern States are forcing upon the
local banks The extension of bank facilities at this time
would be most dangerous policy, but moned nst
tutons, being chartered public conveniences have
duty to perform and their interests to suserve
ing the legitimate trade of the community by granting
every facility which their condition will allow. Any
other policy would be runous to the country
banks themselves and therefore expect to see the
officers pursue the most liberal policy consistent with
their obligations to the interests and safety
Stockholders