Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-04-17
Furnished by Leonard J. Torn,sy d g., STOCK dsd Bal
Brokers' No. % Sossth Street.
April Is 1855.
sMoxDAY, April 16, P. y


cent lower than Saturday, the sales, which were
mostly at the first Board. being made at l25l4@l25%
seller and TO- and 1234@125s cash. 1t closed regu
lar way at 1851 bid 1865 asked. The transactions
at both Boards sum up upwards of $4,000.
Governments were also in good demand and for
all issues the market was strong. Fiye-Twenties
were higher, selling at 1919 and closing at 100000
bid for the issues of 1854 and 1862 Seven Thrties
sold at 1907 for first and second series, and 1002sq
lO0M for third and closed firm at 1907 bid for first
and second and 1905 for third series. Ten-Forties
improved 4 per cent. lot of $4,000 selling at 921s
For certificates 9915 bid but no sales were made
State bonds were in some demand, and sales were
made of $4,000 Virginia inscribed 6's at A. an i'm
provement of T. For Virginia coupon SIS 81 was bid,
and 50 asked; North Cardinals closed at SO bid "a
asked; Missouris at 7219 bid; Tennessees at SO bid.
and Georga's at 100 bid For Baltimore city 6S there
was some demand and one or two lots were sold at
964 for 1858 for the opening, and SO for 1905
Nothing was done in Railroad shares, hut Baltimore
and Ohio closed at sos bid $40 asked, ex-dividend
and Central Ohio at S22 bid. S25 asked In Railroad
bonds notice sales of or two lots of Baltimore
and Ohio IS75s and lSS0s at 9415. Bank stocks
in some demand, and sales made of SO shares
National Exchange at 800, and SO shares Marine at
1872.
In the miscellaneous list there was n fair business
done, Baltimore Chrome being the most active stock
sales of 1000 shares being made 1t opened at
50 cts but declined to rs cts and closed at 70 cts bid
IS cts asked. Bare Hill declined cts, opening at 81.
and closing at 95 cts, American Gas Coal advanced
10 cts selling at $685. cts, and Mineral Hill sold at
20 cts.
The New York stock market has been feYerish and
unsteady during the day. The rain in the morning
caused the street to become almost deserted and few
operations were noticed before Boards The DISPOSE
ton to buy the leading stocks rather predominated,
and the prices of dividend paying securities were
sIighty!advanced from.the close on Saturday. Erie.
New York Central, Hudson and Rock Island were
each ia bett or demand, and improved Is to Il per
cent. while Canton, Michigan Southern and Mariposa
were lower. Prices fuctuatcd throughout the day. but
the general business of commission houses was
tremely dull there being very little outside specula-
ton going on.
Erie advanced to 1871, receded to 70 at o'clock.
and at the close was quoted at 1874. The great de-
cline in this stock has induced the belief that
action at least probable and purchases have been
made to-day under that conviction. The present IN
settled condition of the market, however renders it
alike unsafe to be either Tong short Of this stock,
and more than ordinary caution should mark opera
tions either for an advance decline The
tinued ease in the money market, the general mac
tvity of many branches of trade force large amounts
of unemployed capital into the grand vortex of Wall
street. and still favor the action of stock combna
tions who only want the opportunity of again work
ing their "cornering schemes 70 advantage. Tho
"ursu8 pad5or' has been subjected to a severe
squeeze" lately and it will take time to oblit
crate the remembrance of the past fortnight. The
'5s fully appreciate the necessity of this element
in the market, and are buoying few stocks in the
hope of inducing large bear" interest once more,
but short" contracts becoming less frequent and
in many cases. closed from day to day. 1t will re-
auire considerable advance from present limits to
again tempt heavy sales on sellers option"
Hudson. after opening at 100 became weak, and
closed at 1887. Reading sold at 1C4]4 in the morn
ing. and declined to l04 in the afternoon Rock Is
land was well sustained. selling at 119 at eleven
O'Clock, it steadily advanced to 1194 at half-past
two after which, the announcement of 40 per cent
stock dividend being declared subject to call of 20
per cent in cash. it sold at 12O, and at haf-past five
was quoted at III. Quicksilver continues in its up
ward course, selling at 564 at the last board.
State Bonds were extremely dull and lower than
Saturday. Tennessees and Mssouri's, each de-
clined n. North Cardinals changed hands at So
to S314. and small lot of Virginia sold at IS.
Government Bonds were firm at a slight advance,
Five-twenties ruling at 1875. Gold was firm and in
good demand. Opening at 1885, it advanced to 1851
at the Close Its scarcity is again becoming percepti
BILE, and l-l6 has been paid in most cases for use.
Money continues abundant. and from the appear
ance OF the bank statement this afternoon there
no prospects of any immediate stringency. The De-
posts have increased four millions and the Legal
Tenders two and half millions while the Loans have
Increased less than one and half millions The Cir
culation has increased nearly half million, while
the Specie line has been decreased corresponding
amount There has been less application for call
loans, and money has been freely offered at q cent
The New York Times says:
1--WE respectfully call the attention of the Presi
dent Of the Erie Company. Mr.. Robert II. Berde
not only to the discrepancy in the March comparison
but to the current rumors on the street, that
his own employ ees as well as his model director, Mr.
Daniel Drew, talking down the business and GRE
dit of the road if indeed they not profting from
his unseemly example"
Upon which, the Tribune remarks;
The Times is too modest in its request What the
public, and especially parties loaning on Erie Com
mon stock want to know, is what has been done with
the proceeds Of the loan made in England by Mr.
Pearson. and how the road stands with Mr.. Drew in
regard to loans on the Common stock. Ifthe IA 00L
shares said to have been released by payments out 81
the foreign loan have been hypothecated anew, the
Iact should be made known The floating debt of the
nothins Of eta uea % pc as much as to say
can settle BY giving the facts to April l. This
tba enorn oonus STOCK and leases represents
equal at per cent. to annual payment Of 81 40
qO up9n 'se nsr stock the corporation has
ings though in reality tax en- from borrowed monnI
The company mas evidently sorry statement to
make, and one quite as bad as 1t has ever presented
The Tribune also says:
The foreign advicos in regard to Government stocks
have become of Importance as affecting the money
market and merchants and. in connection with III,
negotiations of the Treasurer. At 20 in gold witt
the premium on the latter at 26 the price in New
York is per cent. above the London quotations.
difference which will attract bonds enough home 70
re- sale to keep quotations from advancing here.
return of bonds sufficient to depress SOS matera
would disturb National Banks, which are expande
unduly and not in position to protect their crcu
lation.
The shipments of specie from the port of New Yor
last week and during the year to date compare a
follows with the exports during the same period il
1864 and 1866
1864. 1865. 1866
Fifteenth week ST. Q367 04 SlSS9OO Sl2262