Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-24
WEDNESDAY, Nav OPP. NJ.

in Gold with large transactions, SIS 900 chang
ing hands 1t opened at l35, and advanced steadily
to l371I at which figure sales made at the
ond Board 1t closed at 1874 bid, 1917 asked.
Five-Twenties of 1862 continue to droop, further
decline of q being established in them to-day. They
opened lO and sold down to 1905, closing at 1907
bid lGO5S asked For the other issues 0 and 1917
bid. Seven -Thirties remain pretty firm. second
series selling to-day at l02Gl02] and closing at lO2
bid. 1925 asked First and third series closed at l0lM
bid. Skies of 1881 sold at 10S% and TenForties left
off at 95l4 bid, $50 asked.
State bonds were altogether neglected but there
was considerable activity in Baltimore city Gs, about
81 OOO1S75s selling from 9S14 down to S. and
two small lots of 1905 at 100. Railroad bonds were
IN some demand. Baltimore and 0hios selling at 9314
for lS75s. and @S for 1858, and Northern Central
1855 S. We notice also sales of % shares Balt-
more and Ohio Railroad at Sl0SIs. Some IS shares
Mechanics Bank sold at 17l4@17l$. closing at the
latter figure, but this comprises all the transactions
in Bank stocks.
In the miscellaneous list there was nothing what
ever done. Baltimore and Cuba Smelling and
Mining very holvy closing at $50 bid, $50 asked
For anita Clara only S315 was bid, and Maryland
Anthracite closed at IS bid S64 asked.s
The New York stock opened weak this morning at
n slight decline from last nights quotations. The
most speculative stocks again hammered
rather severely, and general decline has been the
it opened at 69A and rapidly declined TO G6H Mt
o'clock, after which it became in demand and adj.
vanced to GS at o'clock, which is about equal to the
latest quotation from London. The short interest
in Erie mas rapidly increased within the last few
days, and its great decline to-day is attributable
to the bears who have pressed large amount of
the stock on the market. At 5:45 P. NJ. large lots
again offered the street. which had the effect
of producing still further decline, and at p. NJ.
sales reported at 6SM.
New York Central has be en- well sustained to-day
and closes at o. after selling during the first call at
923s. The manipulators of Reading seem to have
good control of the stock. Itopened at 1919 and ad
vanced to 1925 at eleven o'clock closing at the same
figure after having sold at 107 at half-past two
Michigan Southern declined to r at the one o'clock
Board, but rallied in the afternoon to 1875 closing,
however, Mt rs. Pittsburg sold during the morning
at s554 but declined to 821 az O'Clock. better
feeling existed in the stock later in the day and at
the close it was quoted at 81.
Rock Island was weak at the several Boards 1t
sold III the morning at ~, and declined to S934 at
the close. Fort Wayne opened at 93I. and declined
to 1928 at the one O'Clock Board. The demand for
covering short sales materially assisted it later in
the day. and at p. NJ it sold at "a. Northwestern
common" revived to 81 at the close after having
SOLD at 1913 at o'clock. The preferred" 1uctu-
ated considerably during the day. Opening at $50,
it advanced to 56A at the 10 o'clock call; then de-
clined 10 $50 at o'clock, after which it became
steadier. and sold at the late Boards at S. closing
firm at 56i4.
Ohio and Mississippi Certificates have been little
affected by the depression in the general market and
they sold in the afternoon at o. having touched 26s
at one o'clock. Canton opened weak at 571l and
sold at the Stock Exchange afterwards at 57%.
Heavy sales noticed in the street at the conclu
sion of the season, and o'clock it was freely
offered at 552 1t revived later in the day. and was
quoted at 36H towards the close. Cumberland de-
clned to 1874 during the morning, but advanced in
the afternoon to AZ.
1t is moro than probable that the force of the late
attack on the market is already spent and that at
the decline stocks sufficiently cheap to warrant
purchases. 1t should be borne in mind that me
strngenry in the money market could easily be al
leviated by the Government who have at the pres
ent moment large amount of unemployed capital
on hand, and although by no means a necessity yet
1t is perhaps matter of policy, that portion of its
reserve should find its way into Wall street, to pre-
vent any serious consequences which would be likely
to accrue from any great arrangement of values.
which must follow an inordnately tight money
market.
Government Bonds were a shade lower to-day, but
generally firm at quotations. Five-Twenies of 1862
sold during the morning at 1885 and advanced in
the afternoon to 1915 those of 1864 sold uniformly
at l0l. Ten-Forties sold at 95II.
dold mas been again very active. 1t opened at
1855 and rapidly advanced to 139 at half past one
o'clock. There were large amounts offered at these
extreme limits, but few purchasers were willing to
risk the chances of still further imitation and during
the afternoon it gradually declined to 1855 at the
close .r --- r.,g.. ......
Money has been in active demand, but borrowers
have been invariably able to negotiate call loans at
Z per cent. The fancy stocks have become useless
as coateralS, and dividend paying securities are re-
quired by banks and bankers generally.
The New York Times says:
The amount of gold to be forwarded by the Gu
harder from Boston on Wednesday, and the extra
stamer Taria from this port is estimated at So Co.,
@ T dhs q fer
OVO. although We may remark that the present de-
mand for Bills would scarcely Justify such large
1ngures: The amount Of us. sos received by the
Glty OF New York and Bremen this forenoon was not
large and letters from the other side speak of money
being too valuable in London to risk its outlay for
thirty DAYS the purchase and transnisson 70 New
ork Oh o.IO even at low figures. We hear of no
though both haye undoubtedly been importeS tn
some eztenE 81 the present large difference between
By the European steamers we learn +b,+ -, 49,
Sth of May the Bank OF England rate was raised tn
y cent and on the llth to 3, and the 18th to 10 y
Consols closed at s5@S5k for money. United states
FiveTwenties. 6l965; Illinois Central shares 1876
Erie shares 1906 The bullion in the Bank de-
creased s353,000. On the 18th consos for money
closed at S5S@563s; United States Five-T wenties.
bigob; ILLINOIS central snareS, iogfo' ETC shares,
44&45.
The weeks exports from New York of domestic
produce and miscellaneous goods have been to the
value of $3,l17,494. Included in the exports have
been 4, IA bales cotton. valued at SSO0,0I6.
The Boston exports for the week ending may IS.
CORRESPONDING week in 1866 The cash balance in
the hands of the United States Assistant Treasurer.
in Boston at the close of business May 10, $751;.
170.S2262 increase of S1,S28,S74.6l as compared
with the close of the previous week
The Providence Journal says of printing cloths
hot thq m ark : an Var1t tom
dency. Goods are held firm at the following prices:
5Ox60 lie; 60x64 l72c 6+x4 13c. The following are
the sales: 5000 PIECES 52x52 9; 5000 pieces. 56x
i2c Is 900 pieces 6x6i re: goo pieces 64x64 lie;
10000 pieces 64I6, lac; 5000 pieces 64x64 121ac;
5000 pieces. 64164 S0-inch, private terms Total,