Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-07
Prices OF Stocks ana RscnGs LIN New York
BY TELEGRAPH.
furnished BY Leonard j. Torney d: Co., Stock cnd BIZ
Brokers. No. % South Street.
May 5, 1866.
SATURDAY. Nay 5th. P. NJ.

Ohio and Miss. CeTt....... 26Ia rs ......
SATURDAY, May 5th, P. NJ.
The Stock marx let was quiet to-day as usual on
Saturdays, there being no second Board. Gold was
steady at the closing figures of yesterday the sales
which sum up only about $4,000. being made at
12 regular way and 127 seller 10 and Is. 1t closed
regular way at l27ls bid. l27I4 asked.
Governments were firm. Five Twenties selling at
102 and the first and second series of Seven Thirtes
at the same figure and they each closed at 1O2 bid
1929 asked. small lot of the third series of Sevon
Thirties sold at 10l34 but they closed at bid lG2
asked Ten Forties lower, selling to-day 95.
For Skies oflSS G3 bid and Certificates closed at
100 bid. 1905 asked.
In State bonds there were no transactions, and of
Baltimore city SIS we have only to motto sales Of one
two lots of 1888 at 96g9619. For Railroad shares
and bonds the market was very quiet. Nothing was
done in the former. and of the latter we have only
to note sales of $4,000 Marietta and Cincinnati per
cts at 1881, decline since yesterday of IS Shares
closed at SlO92 bid, l093 asked for Baltimore and
Ohio, $44A bid, $45H asked for Northern Central,
SIS bid for Northwestern Virginia and $751; bid for
City Passenger Bank stocks somewhat in
quired for and sales made of Union at $14, Far
mers and Merchants at $44 and Commercial and
Farmers full paid. at SAL.
In the miscellaneous list the only transaction was
n sale of so shares National Express Co. at $!11& 1t
will BIO recoleced that $40 has been paid in Oh this
stock. For Santa Clara $50 bid, and $40 asked,
but the mining stocks generally were heavy Can
ton, the par value of which is only $615 closed at
S58A bid, $594 asked. which is striking illustration
of the fact that the fools not all dead
On the street to-day the principal topic Of CONVEX
sation has been the failure of Messrs. Bayne & Co.
and almost every appears to be surprised at the
magnitude of the affair." their liabilities it is reported
will reach fully million of dollars, and three or four
of our city banks are reported to be considerable
losers 1t is believed in all quarters that the failure
will be disastrous one.
The New York stock market day has been gen.
orally firm, Notwithstanding the volume of business
has been small. Stocks were shade higher at the
opening this morning than they were late last even
ing, and prices have mostly advanced 1-Gl4 = cent
during the day.
There has been marked disposition to sell Erie
on the street. but with no i'll effect on its price which
has ruled at 1873 to "A at the Boards and remained
without change at the close. The bear interest in
this stock has rapidly increased with in the past
few days. in view of the decreasing intrinsic value of
the Road. Large amounts have been sold by out
sders both for cash" and Sellers option but it
has been ascertain to-day that the stock AGAIN
undergoing clique manipulation, ard it is the inten
ton of its manipulators to subject the shorts to
another process of daily fines for borrowing North
Western Preferred largely sold. and closes al
COZ. after selling at 6ll4 in the morning
Reading dull, it sold at 1919 at eleven clock
closing somewhat weak at 1915 Great diversity of
opinion exists with regard to the condition of this
company; the bears" consider that increasing their
liabilities by continual stock diUideads is sure sign
of weakness, and their subsequent receipts will not
be sufficient to fair interest on it's accumulated
capital; while many holders consider the executive
of the road have been fully justified in their course
and predict very remuneratve dividends in the fu-
ture. Michigan Southern has shown no activity to-
day. The future policy of the clique who are still sub
posed to be interested in it been defined with
out having been in any undue demand it has been
carefully bought when offered. 1t was quoted late
this evening at 77zs-its opening rate-afer having
sold at Is during the morning.
Illinois Central advanced to 1920 with but little
doing, and Rock Island was firm at 12i1I There has
been considerable demand for the latter stock for
covering short sales to-day prior to the closing of the
company's books on the Sth inst Some uneasiness
appears to exist among the bears" as they cannot
srdcy aseer tain the extent of their liabilities at the
closing of the books. The board of directors an
nounce that they have resolved to issue of
the bonds OF the company. convertible into stoek)
and dispose of them to the stockholders at the rate of
20 per cent of the par value of the same The bonds
will be apportioned to those stockholders pro rata
who shall be registered such the closing of the
transfer books on the Sth of May If the dividend ia
demanded-in these bonds-it may be impossible 70
purchase them except at rates which NAV be mada
by holders hence the anxiety to close short contracts
and do away with the possibility of being heavily
mulcted. Fort Wayne has been well sustained clos
ing at l0OA-an advance of Z per cent. since the
morning.
Canton and Cumberland have shown no signs of
activity the former closing $50 and the latter at
4425 Ohio Certificates were very firm selling in the
afternoon at 1875. after opening at g. State Bonds
are without change, except in North Carolinas
which are quoted at S334-n decline of y since YES
terday.
There being no afternoon sessions of the Board
and the hall under the Exchange being cleared mt S6
4. NJ on Saturdays, the business of the day necessa
rily closes at about that hour and quotations re-
ceiyed subsequently must be regarded as merely nom
inal.
Government bonds were somewhat more active
Bikes of 81 advanced to 1925 -twenties sold
at l02 to 1021. Seven thirties were in good demand
at l02glO2 and forties are quoted at 95z95ZS
Gold has been very firm under the influence of large
shipments by the several steamers to-day Sales
were made early at 127. after which it steadily adj
vanced to l274 in the afternoon. Tho exports are
as toows:-$32 1884 per City of London; S23 800 per
Hermann; $l45,6OO per Lafayette; 250OO0 per Malta
and $4,000 per Allemania making the total ship
ments for the week about 81 100000.
The money market exhibits increasing ease, and
the demand has somewhat essened. while the amount
VI unemployed capital appears to have increased
Inc general rate ON call loans has been per cent
although round sums have been offered at per cent
till Monday PN- '-A''
The New York EUening Post saws:
me 1qndng bill is yarously discussed in fnoncis,
solicitation of debt at an early do VI tle CON
cent long ponds Is fully conceded by the most emf
little modification, and the effect of this beef ON I'm
market has been very decdedall DESCRIPTIONS 1 of
advancing rates. There are also some iudicafonns
that speculative houses formerly dealers in railroad
securities. are giving more and more attention to
The heavy export of gold has tended to raise the
price, but the movement is not expected to continue
The total imports at New York for the week com
pare as follows:
Week end. Mays. April %. .Aprll9. .Aprill2
Dry goods 08S.264 ST. 96. s86 s., 3 e47 5000 467
Gen'l mdse. 279S,296 4.322749 '5,2s6.457 3757,374
Total, s62296s5 s7,624 4o4 $576O,8n
The New York imports of foreign dry goods COM
pare as follows with former returns:
Hfs:ss 4, s s s; si sss @ s; 49,
Entered sss at The ls port Iss5 5 5$SS
Thrown on market 362Sl.O7S l7lO4,225 52'759'S77
From the New York Tribune we clip the following:
The failure of the Merchants National Bank of
Washington appears to be the result not SO much of
imbecile as of criminal management. If the state
ments in our despatch correct as we suppose they
are. the managers of the bank have deliberately
swindled their depositors out of large amount
OF money 1t is impossible to suppose that the loan
OF 100000 to Baltimore stock gambler without Sc
curlty. was honestly or innocently made. Equally
impossible it to suppose that Major Pauding could
other banks to the amount of 100000 in order to de-
post them in this crumbIng institution. in violation
OF tine explicit order of the Paymaster General The
some daylight let into it-though that won't help the
losers much.
Inc following s the official abstract of quarterly
reports Of the national banking ASSOCIATIONS of the
United States. showing their condition on the morna