Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-15
I,OSpAY, May 14th, P. NJ.

heavy business done IL at both Boards, both
on sellers options md regular way. the sales footing
up about $4,000 at from 1294 to 1907. 1t closed
regular way at 1901 bid, 1893 asked.
Governments were fairly active; Seven Thirtea
and Ten-FOrties firm, the former selling at
1925 aud the latter at &C. which figures were bid at
tie close for each, hut Five-Twenties were x to 4
lower; They sold at IG2 and closed at 1915 bid. 1G2
asked. The sales of the various issues of Govern
ments to- day add up about $50 600.
In State bonds the only Transaction was a sale Of
5000 North Carolina SIS at 81, which is an improve
ment. Missours We're offered at 49, but no bid
was made for them; SO was bid for Tennessees, and
95 for GeorgaS. Baltimore city IS were steady, but
very little done IN them. two lots of 1865
only selling at 9,99712.
We notice sales of 81 shares Northern Central Rail-
way at st415, and of 5000 Northern Central 1885
bonds at 81. but in other Railroad Shares or bonds
there was no movement whatever. Baltimore and
Ohio shares closed at Sl0S@ bid sl0S75 asked; Gen.
trail Ohio do at S22 bid and City Passenger at SIS
bid. Marietta and Cincinnati bonds, which sold on
Saturday at I9A, closed to-day at 1871 bid 9la asked.
There were some transactions in Bank stocks but
they were generally heavy. Mechanics sold at So
and closed at $lS3I bid, $40 asked; Franklin brought
$l2. Union $721a, and Bank of Baltimore sold at
l0813@l08 closing at the latter figure
In the Miscellaneous list the only transaction was
sale of so shares National Express Company at Sly
Money continues abundant and very easy at p
cent call. Prime paper, which scarce and want
ed passes at . cent and there is every indication
at present of prolonged ease in the money market.
The New York stock market opened weak this
morning in consequences OF foreign advces received
by the Germania, and decline was noticed at the
frstBoard Of to p per cent, since Saturday even
ing. The depression, however, very short-iived
the spirit of speculation revived at the next call and
all prices advanced anal continued strong at the close
Now York Central opened at %. with but little
DOING at eleven O'Clock 924 was bid, and at the af-
ternoon Board it sold at2as. Erie sympathsed with
the decline in its quotations in Europe and sold
during the first Board at 727s but soon afterwards
reached 49, on the street. 1t very active at the
one o'clock Board being quoted at 1875 and at the
stock Exchange it subsequently, changed hands at
5Ss, closing at 534 bid, with sharp enquiry for the
stock.
Hudson River Rail Dad was only sparingly dealt
in. Opening at 1904, it remained steady during the
morning, and sold during the afternoon at 1922
Reading was somewhat excited, and fiuctuaed very
considerably. 1t sold at 107 before Boards this
morning. and advanced to 1917 at one o'clock
During the next call it in good demand, and
sold at 1924 but at the last Board declined to IO71E
closing at 1875.
Michigan Southern shared in the general decline
at the opening, when sales reported at 1874, at
which figure there was evident movement to buy
the stock in larger quantities than were offering.
The demand steadily increased until two o'clock,
when it was quoted at 500; later in the day it
reacted to 1873, closing at about the same rate. 1t is
generally understood this evening that fresh clique
has been organized in this stock. and inasmuch as
considerable short line has been tempted herein
lately, it is not at all improbable that much higher
figures will be reached. Pittsburg still appears to
follow the course of Michigan Southern, and was
quoted late in the day at 6I% after selling at 6 in
the morning.
Rock Island opened at g. but'gnve way during the
afternoon, closing somewhat weak at G3M The ap-
parent weakness of its stock for the past two days is
supposed to be the part of its manipuators
to tempt further "short" interest, and they are
evidently preparing themselves to put the bears"
to considerable trouble to procure the dividends on
their short contracts. Fort Wayne was fairly active
and advanced to 991a in the afternoon. after selling
at 95H in the morning. Northwestern common" was
steady, with particular demand for the stock it
closes at 2S3s, its early quotation being 1875 The
'preferred' was well bought up, although there was
no unusual demand for it. It sold at 5SM at the first
Board and reached SOS at clock closing at 5s1%
Ohio and Mississippi Certificates were again very
hrm at 2512@262s. Canton evinces unmistakable evil
dence Of clique manipulation, and sold at 81 during
the afternoon after being quoted at 50 early in the
morning. 1t Is rumOred that the parties interested
in this stock intend running it much higher butwth
what success remains to be proved. Cumberland ad-
Vaneed to 40t4 at O'Clock, after selling at 45 in the
morning. Quicksilver was not so well sustained,
closing at 5412 decline since the opening of "a per
cent.
The stock market still gives the preference to the
'buls"! everything favors a still further imitation of
prices and it appears folly for the bears to fight
their opponents at such disadvantage The ease in
the money market outweighs every other influence
which is brought to bear the prices of speculative
securities and as other circumstances at the
sent moment adverse to RISE it is quite certain that
when the depression is removed, the chances of ina
ting prices will be materially increased. Purchases
have been made to-day almost Unfortunately by
large operators, who have consequently permitted
little or break take place in the market in con-
sequence of outside parties realizing at small ad-
vance This being the case. and the speculative feel
lDg on Wall street again becoming revived with all its
former intensity it is folly to counsel selling short"
notwithstanding such q course may be warranted by
present prices, compared with the Intrinsic value of
many railroad and other securities
Government Bonds were lower the issue of 1850
selling at 1925 and that of 1864 at 1Ol3 LARGE sales
of these bonds have been made to-day on the stroo
on foreign account. Gold opened at 1907 and "a
manned very firm during the day, closing howeror
Mt 1907 1t has been rather less scarce and has bee
loaned mostly flat" to-day.
Money continues very abundant, and tho bank
statement gives every evidence Of continuance of
the late unprecedented ease. The deposits have in
creased more than seven millions. The loans have
only increased about three and half millions. while
the legal tenders have increased in the ratio;
and the specie line has been increased three millions
The on'y curtailpent has been in the circulation,
which shows contraction of three-fourths of
million.