Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-06-21

ay,t0
being chiefly between 1857 at the opening and l5l2
the lowest point touched at the close Of the Second
Board. There were very few transactions made, and
except by those who have duties foreign imports
meet there was nc disposition eviucsd to traffic in IT,
Government securities were firm and steady. Sales
of5-2Os being made at l02Gl03, and 1905 at 1929
@1O3. Nothing done in State or City securities;
market steady.
Railroad shares were in fine demand but there
were very few offering; Baltimore and Ohio is very
firm at $1G9%@109IS per share. with corresponding
steadiness in other bonds.
Miscellaneous fancies were,neglected, their be-
ing no transactions Of moment in them.
The New York stock market opened with c0nsd-
cradle frmness this morning, but in the afternoon
there was marked pressure to sell, and prices gen
orally gave way = to u per cent. Eric was, as usual
the most active stock and sold the street before
Boards at 5934. but gradually declined throughout
the day. and closes dull al 5S3z New York Central
reached 50 at two o'clock, but fell off at the close c
9S34. Reading was in demand to day, and advanced
to 1895 in the afternoon, but with the general
market it reacted towards five Clock at which time
sales reported at 1881. 1t is understood this
evening that the directors of the road have resolved
to declare a semiannual dividend of five per cent.
on the stock.
There seems but little interest manifested in Mich
igan Southern, and the dealings therein have beeu
declined to 70 at P. NJ. Illinois Central lacks ac-
tiyity, but is quoted at H. with few sales Pitts
burg reached SIS this morning-an advance of IL
per cent. above its closing rate last eveningbu in
consequence of heavy realizations it receded to S
at two o'clock. 1t was firmly held later in the day
and towards + o'clock P. NJ. was in demand at S634
@S61a.
Rock Island was steady at the several Boards
averaging 954 throughout. butwas somewhat weaker
the Suh " dull Of Ror
Wayne exhibited more activity to-day, and advanced
TO 90 at the two O'Clock CALL and closes at the same
figure having sold at 917s at the last Board. The
Northwestern stocks were dull. tho common" SELL
ing to limited extent at 301s ard the preferred"
at SO. All offers of each stock however meet with
ready purchasers. In consequence of the continued
improvement in the earnings of this company, and
the better management of the road it is confidently
expected by many parties in New York who are
well versed in the company's affairs. that the pre-
ferred stock may henceforward be looked upon as a
safe to per cent. dividend paying securty Should
this ultimately correct, it is extremely cheap
at present prices that it is unusually hazardous to
sell short"
Canton declined to 5S1S and Cumberland was
steady at 45A. State bonds varied. Tepnessees
sold at 81 Virginia's at 81 and North Cardinals at
81. while small lot of Missouri's brought 794.
Government Bonds show an improvement, and
Five-Twenties of "a advanced to 1929.
Gold opened the streetat 154 and with some fuc-
tuation during the day it declined to 152I at the
close. A failure reported in the gold room yes
terday, but the liabilities Of the party are not yet
asccrained; they probably large. as the amounts
dealt in not unfrequently out of all proportion to
the resources behind them. The shipment of Gold
to-day was merely nominal. Cash Gold has been
scarce. and as much Is cent. has been paid for
use.
Tba, III
with capital and Call loans easily negotiated at
S per cent
The New York Times, under date of the 10TH SAYS:
The gold speculation of Saturday and Monday fairly
broke down to-day, sales being made below $50 d
cent difference of t,oenv per against the highest
point to which the price was rushed up Yesterday
morning. The fall to-day was made more precipi-
of one of the leading Bull operators. Ashe was I'M
able to make good his engagements. very consider
cash. to-day. As intnlated in our weekly review on
Monday informing. the speculation above 140@1t5 .
calculation. The export demand was about drawing
to its close. There was not the slightest chance Of
creating. distrust in the CurrenCy-Greenback or
The money crisis in London and the cotton crisis
in Liverpool bad been fairly turned before one
their relief The Customs demand for gold could NOT
be large, white the price of gold was rapidly advanc-
ing IN June and would be wholly qualified by the
gestion Of any one or the whole of these reasons
against the violently upward speculation was not ex
pected to avail for its immediate arrest The gam
bling purchases in tho Gold Room on the faIIaei0us
belief that the entire supply Of gold in New York
could and would be corntred, bound TO run their
race. We believed then it would be a short ono Int
certainly not SO short only two DAYS expericnce
has proved 1t to be.
OUR FIvE-TwEgTfEs ON THE CONTINENT
To the Editor Of the Ne,o York Times:
The following passage occurs in n letter of n Cor.
man friend of mine Ia merchant of long exnerienco
dated Bremen juno 2, per Hausa. 1t strikingiv Il
illustrates the view taken there in wel-informed der
man quarters that Continental war would lead to a
boarding Of United Stofcs gold bearing Bonds, in
preference to the old fashioned boarding of gold in
Louis d'0rs and ducats which any regimenial COM
mander might press from the holders by forced loans
acquisitions. a.'- 70. . .
A thousand ducats can be divided up to pay regi-
ment of thousand men, but thousand dollar bond
cannot be used in that way and besides. it can be
more easily secreted. e, D.. g.
Therefore, look for boarding of Five-Twenty
Bonds by the landowners and peasantry of the Con-
tinenk and for astrong investment demand by the
unfortunate Englishmen who have saved something
out of the wreck OF tie numerous burst-up Limited
Corporations" f....
But to the passage. 1t is as follows ~ -. -.-
"A great Investment demand for -2tsisHotp setiia0
ally since the war looks Inevitable They consider
the took and probably Justly So the safest thing to
hold in such crisis"
You may mako any use you may sec proper of this
communication. w.