Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-03-15

BY TELEGRAPH.
furnished By leonard J. Torn,ev d. Co., Stock AID BIZ
brokers. No. 20 South Street.
March H. 1866.
LIST Board I'd Board P. n.
WEDNESDAY. March Il. ?. NJ.

Ohio and MISS. Gert......." I)tS
Zone Of Market..........~Strong. Firm. Irreg'r
WEDNESDAY, March II, P. NJ.
At the First Board to-day Gold VASE to Is per cent
higher than at the close on yesterday, selling regular
way at 131@13l1E, and at 1S05s&la sellers and Il
days, but at the Second Board il receded again, sell
ing at 1901 seller 80 1907 regular and seller ), and
1905 buyer 49, and closed at 1904 bid, l5l asked
ular way. The market for it was fairly active, the
sales summng up about $4,000.
Governments continue very strong, but the business
in them was again limited there being comparatively
few lots offering Skies of 1881 brought 1922 and
-Thirtes sold at g9 for first and 1872 for second
SERIES A lot of endorsed Seven Ihirtes, which are
less desirable for this reason, sold at $50 The only
transaction in Five -Twenties sale Of $780, at
70S25 but tey closed firm at 1881 bid Cor first, and
1OS bid for second and third issues.
In State bonds there was nothing whatever done,
but there was some inquiry for them and FirginiaS
closed at Is bid 81 asked North Cardinals 81 bid
SO asked Missouris at ~ bid, rs asked and Ten
nessee's at 81 bid S9J5 asked. For Baltimore City
SIS there was better demand. and sales were made
of some $4,000 1885, at 99@99]4 1865 closed at y
bid, and 1905 at 9S bid, $50 asked
Railroad Shares were frmer. Baltimore and Ohio
closing at SIG bid. Sill asked, Northern Central at
S44 bid SIS asked and Central Ohio at so bid. In
City Passenger there some movement, lot Of
100 shares selling at SIS. In Railroad bonds the only
transaction was sale of $1,000 Baltimore and Ohio
1855 at 96, Northern Central 1855 closed at 831
bid, IS asked, and Marietta and Cincinnati bonds at
70 bid. 19l2 asked. decline Of q to per cent. on yes
terday's prices.
In the miscellaneous list there was nothing done
except in Baltimore Chrome and Bare Hill, of which
stocks about $500 shares of each were sold. The
former opened 10 buyer 3d. advance Of Is cts
On the closing price of yesterday. but it subsequently
dropped to 81. and closed at IS cts bid $O5 asked
The latter sold at IS cts to ST. andlcosed at % cts bid
81 asked
Money is in active demand. but it is obtainabIe on
strictly hrst-ciaSs paper at per cent. Call loans
making in most instances at per cent, few neg0ti
atoms of an exceptional character being lower rate
The New ork stock market again strong this
morning. and at the first board all prices were higher
than at the close last evening. Michigan Southern
and Pttsburg continued to be conspicuous features
the former selling at 77A and the latter at rs. At
eleven o'clock, New York Central was in good de
mand. and rose TO 92]3. and notwithstanding Rock
Island exhibited some signs of weakness selling nj
1884, z cent. below previous quotations, the rest
of the market very firm. At the next board.
stocks generally lower. but at half-past two
they somewhat recovered from the decline, and at
the close were mostly steady, although some prices
we're lower than at the opening. among which were
Rock Island, Fort Wayne. Chicago and Northwestern
Common ana Preferred.
For some days past the operations in stocks have
been confined to pu chases mostly on clique accounts
but to-day the transactions have been much more
general. In cases where short safes have been put
out on very slender margins, present prices have
cessitated purchases to and have also tempted
holders in many instances to sch. The various
cliques have not been noticed selling, but many out
siders have been induced to put out short contracts
in the expectation of speedy reaction in the mar
ket basing their expectation the fact of the bus
mess of the country and the general earnings of the
roads being contrary to a continued advance IN
prices.
That the business of railroads is decreasing, is
shown by over one thousand employees having been
discharged from the Erie Railroad alone while other
roads doing the same thing, and notwithstanding,
this will be the means of reducing their expenses
there is grave doubt as to whether this reduction
will be commensurate with that in their receipts in
order to render future dividends equal to what they
have been previously.
Southern Bonds were in better demand. Vrgnia's
sold at 81 at the morning board, later they were
quoted at SO. but at the close were offered at 6S1%
North Caroinas were firm at 81. many lots changing
hands during the day. MissOuri's advanced to 723z
Tennessees very firm closing at IS, an advance
of11a per cent over yesterdays rates. Government
Bonds were also strong. Five-twentie5 of 1864 ad
vanced q. selling at 1898
Gold opened at 1905. and was in considerable de
mand up to two o'clock, at which time it had ad-
vanced to 1915 Later in the day it was less active,
and declined at the close to 1905 1t has ceased to
be plentiful, and is even becoming scarce so much
so that lie has been paid for use till tomorrow
There has been quite sharp inquiry for money to-
day. but the abundance of capital is than suf-
ce0t for necessities. and reliable houses found no
difficulty in borrowing at per cent, although per
cent. lSans have been made.
The New York Tribune says:
The Bans Statement of Monday is deceptive so
far as the lea tender item is concerned if people
think that the sain chiefly represents and increase of
currency. Such IS not the The interior cities
have been so pressSt for exchange that they have
been obliged to rem: compound-notes and 1905 to
mand for money throughout the West at high rates,
and merchants obliged to nay quite as high for
money as in:New York. where Ofd!4ary commercial
bills drag at lo@l5 per cent. The only cheap money
in New York is upon cali loans. the most dangerous
liability debtor can have. Nobody wants toboFrOw
money to buy commodities which are steadily tal-
lng, and no lender is disposed to part with capital c
long periods.
The same paper says
AT an early day we understand that the Secretary
of the Treasury will reduce the interest on the Clear
ing House certificates to 2 cent instead of s. and
upon ordinary deposits to instead of q cent. The
payment in full of the Clearing House certificates
one of the next steps to be taken in bringing the
national balance sheet into more compact FORM
The Treasury is in condition to contract materially
and similar policy will be forced upon smaller Dor
rowers.
The National Bankers Express" will. at an early
its associate Re
Ard Spp9sition avoided; re- Express COMPANIES Of
and their stocks are among the most VaIna5in in eY
istsnce and rarely to be had. '",'' "a
New Orleans statement of cotton for March 5:
Received Saturday ............... 7,2IG
Received previously 507-5697 TAI
Total. 6t6 1856
Cleared to-day. 232l
Cleared previously 553-45s 1854
.,bona Ice 600