Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-09

TUES DAY May Sth, P. NJ.
The general stock market was more active to-day
than for some time past and for the
prices steady. Gold fraction higher than
on yesterday. selling at 12S2@12S5 cash and seller g.
and 128 seller 49, and closing at 1888 bid 1881 asked
FiVe-Twentics and Seven-ThiIties steady at
yesterdays figures. the former selling at 1O2I@lO2l
and the latter at 102@l02S but skies of 1881, and
TenForties each fell of a cent the former selling
at l09, and the latter at 951I.
North Carolina 6's sold at S315@S335 but nothing
was done in other State bonds. Baltimore City 6's
sold at 81 for 1885, 99 for $685. and 100 for Park
bonds, but the transactions in them were unimpor-
tant.
In Railroad bonds the transactions were heavy, es-
peciay in Marietta and Cincinnati, per cent, some
$4,000 of which changed hands at ~. Thesa bond.
1t Is understood were part of the assets of the firm
of l.. P. Bayne Co. There were sales also offs 900
Northwestern Virginia first mortgage bonds at &c. and
$1,000 Northern Central 1855 at 1884, There were
sales at the First Board of so shares Baltimore and
Ohio Railroad at 1921 and of As shares de- at the
Second Board at 100. For Northern Central shares
Az was bid and City Passenger closed $1S}3 bid
In Bank stocks there was some movement 269
shares franklin selling at S125s 40 shares National
Exchange at Sl0015. shares Bank of Baltimore at
SlOot7, and shares Union at ST. decline on the
latter of 50 from the price paid for it on Saturday
In the miscellaneous list notice sales of 1000
shares Springfield Mining at I0915 cts 1000 shares
Bare Bill at so cts and of 100 shares Bankers and
Brokers' Telegraph Co. at SO. The Springfield Mi
ming stock cold understood to belong to Messrs
Bayne Co. The same firm are said to be large
holders of Pennsylvania Oil. which closed to-day at
only 30 cts bid. IS cts asked.
The New y ork stock market has been dull to-day
with comparatively little doing in any particular
stock. New York Central opened at 9236, but the
offers of the stock exceeded the bids and it gradually
declined to 95s at the last Board. 1t rallied, how
ever at O'Clock to 9124. Erie was quoted early in
tho day at 1875 but sold at 7 at the regular Board
and continued unchanged until the close. Hudson
River Railroad was moderately firm at 1O9A up to
half past two, when it sold at 1922 There was some
slight activity in Reading. Opening at 1857 it ad
vanced to LOT at eleven O'clock but sold at 1867 at one
o'clock, land at the succeeding call reached 1861
closing at 1862.
Michigan Southern firm during the morning
and sod at 71Z. 1t succumbed. however, to the
tone OF the market later. and quoted at ~
at the Close PittSburg was neglected. But few
transactions took place in this stock. which was
quoted at Sl12@8l5s at the several Boards. Rock
Island was firm late in the day, although it gave
signs of weakness after the first Board Opening at
1855 it declined to 12434 at one O'clock but sharp
rally was noticed at the half past two o'clock call
when itsold at 9615 ex-divdend of 80 per cent,
WHICH ~ dpOut equal 10 III dividend on. AT the
close it was quoted at 1884, with very little demand
Fort Wayne sold early at 9915, but exhibited no
activity during the day. and quoted late in the
day at 99A, Quicksilver firm at the afternoon
Boards at 55R, having previously sold at 55S. The
Northwestern stocks were inactive. The common
closes at 20 and the preferred at GOA decline in
the latter of rs per cent. since the morning.
Ohio certificates were more active They were
quoted early at 261s after which sales were made at
vadv b
however at 261s. Canton was steady at the several
boards its uniform quotation being 581a while Cum
berland has ruled at As. with no fuctuation during
the day.
The general idea which is entertained by parties
on Change to-day is that the market has been per-
mitted to rest on its merits for the purpose of
inducing another short interest in stocks and that
for their own purposes the bulls" will allow prices
to fall even one or two per cent more. Such traps
have been laid for the public BEFORE and it is to be
hoped that parties who operating far from Wall
street. will not give the stock gamblers of New York
chance to initiate prices at their expense If stocks
are let alone they must fall, but while determine
ton to sell short continues it will certainly create
market for large amount of stock which is burden
ing holders at the present moment State Bonds were
drug to-day.
Virginia's and North Cardinals are without
change. Tennessees are "a lower while Missouri,s
decline u. Government bonds were steady, Five
twenties selling at O2 Skies of 1881 remain at lO9
and Seyen-thirties are quoted at 102@1021S.
Gold has been very firm to- day. under the demand
for shipment tomorrow. It's early quotation was
1881. after which it gradually advanced to 1875 at
the Close Its scarcity has temporarily subsidized and
loans have generally been made fiat" Money con-
tinues abundant at 4 to per cent on call.
The statement of the New York associated banks
for the week is favorable to prolonged monetary ease
Inc deposits have Increased S7.65479 owing to the
ror this The oans bave 5nH mite
creased IS but this does represent the in
creased activity of the loan or discount lines. 1t
merely shows that the banks have employed large
amount of their idle funds in the purchase of Gov
eminent securities all Of which they class under the
owing to the Sub Treasury disbursements on ac,
count OF the day coupons. The other changes are
nd the e1s sfa ssRss[s haVTn ms o%Sa
are the figures:
Ap5 q q, so AP ri q r.. :. o.,
Srsaistjon sSss s 1s2I5sz Inc ns a9
Legal Tender SO.5S9,O22 Sl.2Ol447 Inc. 6i5,425
The weekly statement of the Philadelphia banks,
made up to the 18th inst. presents the following ag-
sregates compared with those ofthe week:
GGs Can't. a $sEs stsiiio Inc. go
B Bs r. sesSis sSs1s Dec Dec Sss
Deposits 36023S62 S698 007 Inc. 963 Jas
U. 8. Legal Tender
q demand notes. 1s,949.719 19,lA,66O Inc. 49,, 81
The New \ rk Herald says:
Inc money market displays no new feature. the
supply OF FUNDS seeking employment being still in
excess OF the demand. Loans are made freev To the
btock Excnange at 3 q cent aud at 404% in eycen
tonaI instances on governments to the leading deal
ers In them. tlrst-class commercial nanar IN J.; %
quest at 51aG7 q cent, according to date Int ;nt;
signatures are out of favor unless at high rates
the note brokers. 'o' anons
The flow of legal tenders from the West IN Now
York continues undated The Chicago Tribune of
Saturday says
There was fair demand for money to-day, but tho
supply OF currency at the banks is sufficient to meet
all legitimate requirements, and prime paper il
Ieadliy discounted at 10 per cent per annum In
ueeo, inc money market has not been easy as at
present Tor six months past. The street brokers are
Iqpns niue or nothing, and rates nominal at 1@
a per cent. per month for inferior or risky paper
Inc supply OF Eastern exchange to-day was lighter
!nsn usual and under an active demand the market
Is nrmer but there is change in rates The banks
are buying at par and selling at Ito premium; but
round lots were sold among bankers at cts premium
per thousand Nearly all the leading hanks had TO
their drafts. Ne" AoiA' !" niss'
The Cincinnati Commercial of Saturday saws.
exchange was in.larger request and the suppIv m