Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-02

Fort Fort Wa Wayne er.s Union. IS 88S 0SX
Alton and Terre Haute "a w ...
Ohio and Miss. Cert....B 70
TUESDAY. May LIST, P. M.
At the first Board to-day Gold fell off q to u per
cent from the closing prices of yesterday selling at
12554@1253s. but at the second Board it advanced
again, selling at 1861 cash and buyer 10, and 1860
1866 seller 10. and closing at 1855 bid. 1861 asked.
regular way. The transactions in it large. the
sales adding up about Ss5.000.
Governments generally were rather frmer than on
yesterday. and Seven Thirtes Is better
81 600 of the first and second series were sold at
1919, and they closed firm at 104 bid. 1919 asked.
In Five Twenties there nothing done. but they
closed steady at 1O12 bid 1O2 asked extra May div
idend payable to-day. Ten Forties were decidedly
better. small lot selling at 49, which is advance
of 4 per cent on the price bid yesterday.
State Stocks continue quiet. A lot of $1,000 Vir-
ginia registered 6s sold at 434 cts but in the other
State Stocks there was no movement. Missouri's
offered at 7413, and North Cardinals closed at
SO bid, 81 asked. Baltimore City SIS closed without
sales at IS bid, IS asked for 1875. and IS bid 80
asked for new 1905.
- Railroad shares were steady at former quotations
but nothing done in Them beyond the sale of a
small lot of Baltimore and Ohio at $l0 Bonds were
however in limited demand, and we note sales of
$4,000 Marietta and Cincinnati per cents at 791a,
anteed by the Baltimore and Ohio Railroad Com
pany, at SO.
In the miscellaneous list the transactions were
again very limited. Santa Clara improved materi-
ally however, so shares selling at the first Board at
ST. buyer Co. and SO shares at second at $50 buyer
O. II sold yesterday at 81. We notice sales of 500
shares American Gas Coal at 65 cts buyer 80. and of
1000 shares Pennsylvania Oil at 40 cts cash.
degree of dullness and stagnation has reigned
+haN ar Vnrlr otoo ,o,l,ot lo-.
apathy has been observed among most of the opera
ters and stocks have been pretty much left to them
selves. The bulls" seem content that this state of
affairs shall continue for WHILE in order to induce
the increase of the "bear" interest which was aug
mented very considerably during Lost woek, cepeci
ally in Erie Reading and Rock Island. 1t is hardly
credible Except to the constitutional 'bear) that
selling short can be advisable in the present condition
of the market when the bulls absolutely have
everything their way, with such extraordinary
facilities for carrying their stocks Notwithstanding
the quietude of business prices have mostly remained
firm. and whenever stocks have been offered they
have found ready buyers.
New York Central opened at 921a, and closes at
about the same figure with not more than a varia-
ton at tho several Boards. Hudson was very steady
at HOE and its individual merits appear warrant
its being firmly held, in anticipation of higher
prices Erie opened at 74, which has been its quo
taon during the7 afternoon, and at o'clock it sold
at 74A. The annual report of the Road is more
favorable than was expected, and inasmuch dis
astrous statement was looked for, large amounts of
the stock have lately been sold short asprces rang
ing from rs to 70. Strenuous efforts made to
put it below 70. but without success. Rumors are
continually gotten up Wall street derogatory to
Erie, and they carefully disseminated throughout
the country; wiseacres Change report the great
cornerer has turned round and largely short of
the stock. variousy estimated at from 200 to 80 900
shares. but it is likely that the very may be
the case. Outside orders are continually being re-
ceived to sell the stock but the effect on its price is
not visible To the careful observer, the uudertone
to-day is the precursor of another advance in prices
and Erie will probably be one of the first stocks to
rise. it has already become scarce on the street.
Reading has received but little attention, but it
closes firm at 1856 Michigan Southern has given
further evidence of manipulation to-day, and has
advanced per cent since the opening. Pittsburg
was well held, and sold at S11l at 5 o'clock The
Northwestern stocks were by no means largely dealt
in, but each exhibit great steadiness. The Mscella-
neous list was firm Canton Cumberland, Quicksil-
yer, and Mariposa each advanced in the afternoon
State Bonds were inactive. Tennessee's sold to a
limited amount at 81. Virginia's are quoted at g.
Small lots of North Cardinals brought S312 and
few transactions noted in Missouri's, at 1874
Governments shade lower. 5-2Os selling at the
afernoon.Board at 1015s (erintere0 for both issues
Seven-Thirties are quoted at 10134. and 1O-4Os at
9413@945s.
Gold has been very active to-day. Opening at 125Il
it steadily advanced to 1855 at the close. Quite early
In the morning there was a rush to buy which in
creased SO rapidly that the greatest excitement pre-
vailed in the Gold room. Large purchases were made
to cover sales made last week. and even yesterday
The amount placed on the market by the Govern
ment has not been the means of making gold plenty:
it is still scarce although not to such an extent and
J-32 hepn will for
The money market continues easy. Call loans are
generally quoted at 5 per cent.
The statement of the New York associated banks
for the week is ever more highly favorable to pro-
longed monetary than its immediate predeces-
sors. The deposits show an increase of $780, 1885,
owing to the continued drain from the interior while
the augmented activity of business indicated by an
increase ofS $50 in loans The legal tender notes
have increased So 986 1884, and the circulation has ex-
perienced the natural increase of 1854 423 In the
specie line there is further important decrease of
Slzolo2b' leaving balance of only S. 24 a37 in all
the banks belonging to the association and most of
this is the property of deposors The totals of the
persent and previous statement are as under:
April 81 AnriI %
2O67065 S2I5 M 900
Ejaculation SResls i . a ss95 s s53 os2a3S$7
Deposits 1T, sos, 57S TlS 570
Legal Tenders.....--...... 77,0026SS So 5e9 10
The weekly statement of the Philadelphia banks
made to the 3Oth inst, presents the following az
gregates as compared with those fthe previous week.
.. April q. April 80
CAPITAL stock........S l4, $50 S14642,150
Loans. ......... As, 1928 46,832,734 Inc 7OO3i
Specie ............... 936,976 S9O,2H Dec. is 1872
Due FIN other bnks. 4.980,7S 4,705.640 Dec. 275l
Due to other banks 6.2ol. $50 s.25s.e6s Inc 57s77
Deposits s5,44s.s59 3s,02sss2 Inc. 574sos
Circulation. S,76l,2l9 6,779,l66 Inc 37947
Z. S. Legal Tender
demand notes 1s,ssO.5ls 1s,s4s,7ls Inc. 2ss, 2os
FOREIGN exchange at New York is firm, with
England a. sixty days quoted at 10S15@A, three
days 109HgH. commercial bills 1071x@l0S, francs at
sixty days Sis, short sight 517]4@520. Tho report
by the Alemania Of an advance of Id 1.-TWO oents per
pound in cotton at Liverpool exerted no perceptible
influence In weakening the market. The subsdsnce
Of the panic on the London Stock Exchange, under
growing belief In pacific solution Of the German
question, together with an improvement of quota
tons for American securities. checked however the
rising tendency.
BY the Allemania we learn that on the 18th cotton
was frmer. Consols had advanced to S6A to S615;
Five Twenties to 6SN@694; Illinois Central closed
at 791497934, and Erie at 5254@53.
The return from the Bank of England for the week
ending April II. gives the following results when
compared with the previous week;
l7s Decrease. s7l0 $50
Public deposits, LOST .0l8 Decrcase 635 S03