Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-31

FErasahed b. Leonard j. Torney d Co., Sioca a,d B:l
Brokers' No. q South Street.
TUESDAY. May 30-P. NJ.

Fort Way Way, 1873 9SH 97A
Ohio and Miss. cort.......;4, ?S7 o285{ .;.::,
Tone Of Market-..........Firm. Steady. Unsettled.
TUESDAY. May 3O-PM.
There sharp reaction to-day in Gold 1t
sold at the first Board at 13S@138% an advance of
per cent. on the closing price of yesterday, but it
fell off again at the second Board selling at 1850
1885,, and closing at 13S bid, 1881 asked The bust
ness in it not heavy the sales adding up about
$4,000.
Five-Twenties were active and steady at yester-
days figures, sales to the extent of about $4,000
being made at 1O214@102I. They closed at 1927 bid
1921 asked. Seven-Thrties were firm but quiet, |
single lot Of 5000 only being sold at 1929. Ten
Forties were lower. A small lot sold a. 951@ but
they closed at 95%s bid 95A asked. Skies of 1881 |
closed without sales at 1857 bid. |
Nothing was done in State bonds to-day, but Mis-
souri, 6s decidedly better 1917 being bid and
IA asked for them. North Cardinals closed at S211
bid 81 asked, and TenneSsees at 90 bid Baltimore |
city 6s sold at 81 for 1855 and 100 for 1905 and
closed with these figures bid for more Railroad |
bonds were active some SIS GOO Baltimore and Ohio's
selling at 9S3 for 1867. and SO for 1855 aud $4,000
Marietta and Cincinnati per cents. at 7S597S but
there movement in shares.
Bank stocks were in demand to-day. Me- |
chanics' opened at STA but dropped to $751; and
closed at Sl619 bid. STU asked Howard sold at ELL
Marine at $3l3l and Commercial and Farmers full
paid at 81.
In the miscellaneous list there was nothing what
ever done, and the Copper, Ccal and Oil stocks were
all heavy. Canton ST. better than on yestcr-
day. S60% being bid for it. Baltimore and Crba
Smelling and Mining closed at sos bid and Santa |
Clara at 81 bid.
The New Iork stock market continues very I'M |
steady. and feeling Of distust seems to be pcryalinr
the majority of operators Change who have been
holding stocks for some time PAST in anticipation of
an advance. |
Erie has again absorbed public attention and has
fuctuated very considerably during the day 1t |
opened ut 5IA on the street and rapidly advanced to
SIS at the eleven o'clock board but at one o'clock it
sold down to COZ, and at half past two it again ad-
yanced to CPS, when it largely sold, and at |
O'Clock was offered at 5sA After the boards it be-
steady, and closes at 5s5s@5S2i great deal
of this stock has been thrown on the market to-day
in consequence of exhausted margins and it is pro-
bable that more will follow from the Same cause as it
further declines. similar demonstration was made
Erie about twelve months since and there is but
little doubt that history will repeat ITSELF and the
price will ultimately be engineered up again. as it |
was then, although 1t may possibly go lower before
the reaction. |
Erie has often been subjected to the widest spec
ulaon, and is generally looked upon as the vortex
of stock gambling in New York. The present aD- |
pearance Of the stock leaves room for conjecture
to where the panic will stop still it is not mprob
dple tnaI inc WnOle movement been lnaUgura- |
ted by its former manipulators for the purpose of
stupendous speculation, who will obtain control of
the stock at low prices and force it back to its for
mer rates. at the expense of those parties who give
credence to the carefully disseminated story of its
rotten condition. The worthlessness of the stock
has been dunned into the public ears for months |
past with comparatively little effect until the recent
heavy sales on tho Company's account. In spite of
all nntoward circumstances, it must be confessed
decidedly nj vic rba
compared with other railroad securities. At pres
ent however it looks if it would continue to de-
cline. although, very often, when it appears weak
est. it is the time to buy.
The turore in Pittsburg has partially subsidized and
it has gradually declined to S64 at the close, after
selling in the morning at IS. New York Central was
very hrm at the opening and sold at 973l before |
Boards 1t reached IS at half-past two o'clock Int
closes at 9lM. Reading advanced to 10 at eleven
O'Clock but it was heavily sold on the street and de-
clined in tho afternoon to 10Q.
Michigan Southern opened at 7915, and advanced
to TVS at the one o'clock Board. after which there
was marked inquiry for the stock and it reached 81
at the succeeding CALL but at four O'CLOCK, it declined
to SOS, closing however at 8G5s. Rock Island adj
vaneed to 93 early this afternoon after selling at
9Z5s at the hrst Board. Il reaction was observed
later in the day. however, and it was freely offered
at 92A towards P. NJ t.
Fort Wayne wore the aspect of exhaustion to day.
After selling at 9Ss at II o'clock it declined to 90 at
o'clock with nothing doing in it after the call. The
Northwestern stocks show slight improvement,
The common" closing at 2S1a. and the preferred"
at 49, but the amount of business in these securities
mas been small. There were no transactions in
quicksilver until the afternoon when few sales
were reported at closing quotation last even
ing.
Ohio and Mississippi Certificates advanced to 2ssz
in the morning. but closed fraction lower Cumber-
W adyf
at 4514945A at the several boards Canton again
gives evidence of continued manipulation. and was
Ia good demand to-day. 1t opened at So and adyan-
ced to 60A at O'Clock. but declined later in the
day to 6OA. and closes firm at COZ.
Government securities were active. Five-Twen-
ties of 1864 were quoted at 1O2s@1O24 and those of
1862 at l029102s Skies of 1881 and -Thirties
each advanced Is. g..
Gold has been well sought after to-day. 1t opened
at an advance of u per cent. above its closing
quotation last evening At noon it declined to 13S1s
me &c exports of Gold from New York day amount
, The money market presents no new feature, call
loans being easy OF access at to I per cent
The steamer St. David, off Farther Point, brings
the quotations: C6nsois S734aS3l Five
ties 669664; Illinois Central nos; Erie 4546 The
as ended. -.a
The weeks exports from the port Of New York Of
domestic produce and miscellaneous goods have been
to the currency value ofSny s. $50 S55 Included in
Inc exports 776 bales cotton valued at S69 ISL
me Boston exports for the week ending May o. |
including specie, was So 943. against $50 80 for
the corresponding week in 1865. - ?
m ne cash balance in the hands of the Assistant |
IN oston at the close of business May 26
Vas Sl+i9i 5I6. decrease of 81 563 S5 as COM
PaieI N win me eioss of the previous week. {.
t;nnas All orh the foreign exchange market con-
after fhe om;ns 70 dStrus of names abroad but
more disposition shown to buy the hest
pankers DIS at ~ days. at lO6l5G5I IN prosa.oo
10 snort sight at ll05s@lll. Commarc;oi Hi; III eee
eq Ies az al luo54l9 bills on Paris at sxy DAYS
5l6l4 Amsterdam 4l5s, on " ahit%erp 5Iis
on Bremen 791aGSO, and for Prussian tha1p 4z'
The Providence Jou'ndtsays of PRINTING C,otS,.
Sales very large the advance duripp tho ~
been from 2@3c yard The foiiowins ,n me week has
2OGD pieces 50x6O l12c 5000 do do il5{c: 3SnSa
do. lee LOO do de, l2c 5000 do, 6Ox64 l2 20
in the week 10 600 DO do 1Sc 1000 do DO i5c. GS
6O1 do DO l413c; 5000 do, 1424c; 6sO00 do do. i5c
60OOl do do. 15c 30inch, early in the week. lOo0 do
do. 6OxS4, lsc 35-inch-345. 200 pieces. :
The Chicago Tribune of Friday P. NJ. says:
Ihere was fair demand for money to-day at the
leadng banks, and IN some uarters the market was
IepoIea 70 pc WORKING closer; but good paper is dis
counted at the banks at 10 q cent. per annum. In
ferlor paper IS passed by street brokers at l@l%
cent. y month. The supply of Eastern ETcbsnee as
compared With the demand, is light and the market
Is frmer. We heard Of no sales among bankers to- |
day. very few having ANY to spare The counter
rates gere hrm at par buying and lilo premium SELL
ing. Some OF the bankers think thsy will have to |
drafts.