The daily exchange. [volume] (Baltimore, Md.) 1858-1861, 1860-11-23
PRICES AND SALES OF STOCKS IN NEW YORK.
BY TELEGRAPH.
Through WILLIAM FISHER Son, Stock and Bill Brokers
No % Snnth
The tribune OF this morning saws :

The suspension Of Banks at the South and West an
panic in money the brokers' offices were
crowded to-day with sellers The rapidly advanced
partly from the inability of buyers meet the rush. and
IKE latest Messrs Thompson Brothers quote New York
state and Eastern per cent discount; Ohio Indiana
and Kentucky per cent. discount; Illinois, Missouri
PENNSYLVANIA, .ld2 per cent discount; Virginia,
North Carolina, South Carolina, Georgia and Ala
unsettled, and nominally Coo. per acre. The rush
to sell uncurrent money has been great that the
brokers have had no time to assert it.
The Exchange Committee of the Banks have bought
about ESQ 600 at about 102 and have negotiations
way for much larger amount The offerings of bills to-day
description of bills hampers operations of the Com
mitee, and they will probab y be obliged to
the bankers to fill up the amount authorized The true
policy of the Committee would be to buy commercial
bills of the banks with their endorsement paving fair
advance risk thus assumed by the bankers The
object of the movement we apprehend, is not to make
money for the banks the import of specie to re-
lieve the stagnaon in the Exchange market The bank
Committee have to make numerous inquiries which
delay, when immediate relief is needed.
To is the day of payment for the Government
Loan awarded last week. The speculative lots will not
probably be paid for. In the meantime Treasury notes
are going in rapidly for redemption, and shall
surprised to the Treasury bankrupt by jan Is 1861
unless Congress intervenes to save it.
There as little relief in the money market to-
day, but rather easier feeling in anticipation of
relief by liberal the part banks
First class names go at 12G15 cent, and good $50
Demand loans are per cent and the supply of money S
moderate.
The stock market to-day at the morning Board. was
generally heavy, but between the Boards after result
of the informal meeting of the bank officers known
the feeling better and nearly every description i'm
proved The cheerful feeling continued at the Sec
ond Board with marked advance in the fancies
and after the action of the banks the adjourned meet
ing was known, the market very buoyant, although
from the laeness of the hour the transactions
important. The last transaction heard of was a pur-
chase of 500 shares Central at U.s. with that bid aterward
1t would be waste of space give detailed history
todays market-afer the important action the banks
this evening, which will doubt change the whole
pect of financial affairs o-morrow.
There is better feeling in the foreign bill market but
steamer day being passed there not much activity The
nominal quotations are to los per cent for sterling
and 545ld 5 40 for francs.
The Philadelphia Ledger of to day, says:
Stock sales very limited yesterday and though
the market was quiet prices suffered further Decline
The entire sales of the dav are included in &c of
and $500 shares Local bank shares were generally
pretty steady though not sale is reported The mark
closed heavythat is there many sellers than
buyers. 1t is proper to observe, however, that no one
pretends that the value of the securities quoted at prices
much lower than month ago has essened Many OF
them the shares and loans of local improvement com
panIes and cannot be materially affected in any
existing difficulties Nor is it the result of scarcity OF
money but simply of desire to buy the lowest prices
as will be proved by the upward bound it
believed prices have touched the lowest point 1t is quite
probable the run will be rapid has the run
down, when buyers will scramble for stocks at an ad
vance of to 10 per cent prices which they are now
refused
The Boston Post in its weekly financial review saws
The market deserves all the bad names that can be
heaped upon it, Even 1857 it was not worse although
might then have exhibited higher rates. Until within
day two the tightness has been mainly confined tc
the street and street borrowers but the of the
week it seemed rapidly extending the large mercantile
houses, while the demand for New funds
quick and the specie drain continued No special relic
| in the current week be reasonably expected Thu
banks somehow other must regain specie the mar
ket can be moderately easy from its facts say
nothing of the evil effect of the political agitation anC
dstrust For very many of them only consider
ably below the legal minimum of coin but far below
any respectable holding. Many of Them therefore, can
not legally lend dollar while few perhaps none, have
more coin than they deem 1T udcious TO attempt hold
In perious times. In the aggregate the banks cannot
have above half million dollars above the legal mini
mum of Is per cent. of deposits and circulation.
The following table shows the condition of the Bank
| in four leading cities:
y Yk Nov IT, sl23 1924 sI964 40 50 26s S7 SD
Phila., il9 20775SIS 4,Il5932 2,19l 152 i5S23 -
\. Ors 10 23.4i3 81 10 2l9156 S065 239 1926 46
Boston, 90 81 10000 4,5lS,40O 7,705700 70 3340
Total .s237 6i043 Ss3S49S 27,S3GOs l27 65
Last Week 2s7,5Sl 05l 0003 553 rs 4S936S l3
|
Decrease. 81 6s5055 $65s 800 SS,5i2 6s
| The Cincinnati Enquirer of Wednesday says
No., ek-.r,