Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-03-21
TUESDAY. March 2O-P. NJ.

There was further reduction to-day OF to IL ner
cent in the premium on gold. 1t sold at the hrst
Board at l2Sl5 and at the secn at IZi2A@IZ' IN"
closed at 1272S bid 127$4 asked regular way. Inc
sales sum up about $50, 600.
Governments continue frm, Five-Twenties selling
to-day at 1881 for first issue. and Seven Thirhes ut
9975 for fist and second and 994 for third series
FvcTwenties closed at 1881 bid for first and IT,,
bid for second and third issue. and Seven-Thirtes
left off at 95 bid 100 asked for first series 994 bid,
997s asked for second, and 993s bid, 1919 asked for
third.
In State bonds there was no movement whatever,
but 81 was bid for Virgnias, ~ for MisSouris. 50
for Tennessees and "a for Georgias. North Carroll
mas were offered at 81, but bid was made for them
Baltimore City 6s were Il to = per cent better, 9s@
being bid for 1905, 1S75s selling at 100. and Park
bonds at 9Sl4, ex dividend.
The-e was nothing done in Railroad bonds. but
they were generally steady at previous figures. and
the only transactions in shares was sale of small
lot of Baltimore and Ohio at Sl02. This stock closed
at $l1O4 bid Sl1O13 asked. Northern Central left oil
at S444 bid S45 asked; Central Ohio at $50 bid and
City Passenger at SS bid, SIS asked. Nothing was
done in Bank stocks, but notice sale Of 80 shares
Firemans Insurance Company at SAL.
In the mining stocks, there was some '2Qve-
ment, but they were not active. Some $50 shartcS
Santa Clara sold at 81, decline of q to q on the
last sales. Bare Hill sold at 81 Obuyer 3d. and Balti
more Chrome at 90 cts, buyer 80, yesterdays prices
and notice sale Of 800 shares Guilford at 40 cts.
The money market is gradually working easier, but
discount rates show little change, rst-class paper
being still quoted at per cent, and less known
names at from 10 to Is per cent. Call loans range
from to per cent
The stock market in New York displayed unusual
buoyancy this morning, all prices being materially
advanced. On the street, early in the day, Reading
quoted at 99S Michigan Southern at 81 =, Pitts
burg at S1E, and Fort Wayne at %. The demand for
stocks remained undated throughout the eleven
o'clock CALL when Rock Island reached 49, Reading
1908, and Pittsburg Sl14; Fort Wayne was freely
offered for sale and this stock being less sought after
than Others it declined to 91A the balance of the
list, however, remarkably firm. Shortly after
midday the market became somewhat depressed
large sales were made on the street, supposed by
many to be on clique accounts, when Michigan
Southern sold as low as 81. AT the o'clock Board
the market was less firm: Erie New York Central,
and Quicksilver each declined a and Northwestern
=. The tone of the market recovered at the next
CALL and most prices were higher without any special
feature to note and at half-past three continued
strong, New York Central selling at 1914, Michigan
Southern at SIS. Pittsburg S125 Fort Wayne at g2
but the street at five o'clock Erie and Michigan
Southern each fell off y per cent. and Pitsburg was
offered at S1l4.
The movements in Rock Island were very noticea-
BILE to-day. 1t opened at liz, per cent. above its
closing rate last evening and advanced to 1lG
but in the afternoon it suffered reaction, and closed
nj 1l3. Reading well supported and in good de-
mand at the various Boards; opening ut 9gA, it
steadily advanced, without the least reaction taking
place, to 1903 at the close.
The strength of the principal stocks, which are
free from manipulation appears to be retained very
much by sympathy, the business of commission
houses is still extremely dull and there is invest
ment demand whatever for stocks at present prices.
The prolonged uncertainty as to financial policy
acts as check commercial enterprise generally.
and an idea is prevailing among the leading capital
lists that the Improvement in the credit of the Gov
eminent here and in Europe is an evidence of the
propriey or the present at least of quidating the
national liabilities as they become due, rather than
subject the entire business interests Of the country to
very serious inconvenience by forestaling them.
State Bonds were in very limited demand. North
Cardinals declined x per cent selling at S2%. Vr-
gnia's sold at 65I@66 during the day. Tennessee's
are without change, being quoted at 9lH to 9l14.
Missouris were weak at = per cent. decline, being
offered at ~
Governments were less active. Five-Twenties sold
Mt 103%-1S lower than yesterday. Seven-Thir-
ties without change at 997s for the first SERIES
Coupon skies of 1881 declined during the day - and
sold at 1925.
Gold opened at 1881 and declined to 1273a at two
ocl eek, when large purchases made. and it ad
vanced to 1881 the close. under the increased de-
mand. The money market remains unchanged. Call
loans easily effected at per cent.
The New York bank statement reflects the grow
ing in money, the legal tenders having increased
four millions and the deposits nearly five millions
while the loans have been increased by less than
half million The following the figures:
Nj. March ola 70, Mar March L. ..
Loans. S235 OiS,214 $2}3,5T,37S Inc $500 1O4
Spece...... 1885, 3I l5,Ol5,249 Dec. .547 qy5
Girculation-.. 2$,03$,2$7 2$,$6$'95l Inc S55Soi
Legal Tenders 64.34l, SOP 6SiO2'76i Inc 4,060,g63
The weekly statement of the Philadelphia Banks
made up the 10Th instant. presents the following
aggregates as compared with those of the previous
week
CSszsal stock S14, $50 S14,642,l5O ......
Loss ............ 46546S73 46,699,5S9 Inc. 152eil
f SSs other BE: a sS5$5 5s Fne $50 go
Due Due to other Bks. 7,2S$6lO 6,S65l37 De- ass.
Deposits ..~.... 92,504,50S 32,l02t27 De-. 4O2OSI
Circulation s,24s,lOO S.43S,lSi In. l9OOs4
Demand i notes, 1928. 16S75.6OS De- 9l69a
At New York Sterling Exchange is dull. and adj
ing names quoted at 1919 >l0is ier oO DAYS bulls
Francs long, 5.25@52219. ProSUce Sterling 4oOg
The New York Erening Post says:
MIR. Hoopers funding bill is regarded as an i'm
70 supersede. 1t provides that the call loans IN the
Treasury shall not bear more than per cent iii :
aggregate
public debt shall not be increased that anv new
bonds issued shall not bear more than 6 per cent in
terest in gold or $40 in currency, that no such
bonds shall be sold for less than par, and that an
amount of outstanding obligations shall be with
drawn from the hands of the public, equal to the
amount of bonds negotiated. No foreign loan is
authorized.
The London Times says in relation to Federal secu
TIE advices from Frankfort mention that notwith-
standing the abundance of money, the liquidation
chases OF United States bonds had to he provided for
Enormous amounts of options" falling due have
been realized, but speculation Is so active that they
were all taken up at rising prices Quotations are
now fully two per cent. in advance OF New ork and
premiums for the call are giving in extraordinary
sums at one per cent. for the end of March. Under
these circumstances, all attempts to bring any other
securities upon the market unavaillug.
New Portuguese preference shares. of 5G0f nominal
value were offered Yesterday at l2f; but there were
very few subscribers. The market has been tried by
some Italian towns, but although the bonds were
offered at singuary low prices the endeayor utterly
failed Even Austrian bonds in the face of the fact
that the currency Is only one per cent below mar
and that therefore loss any longer incurred on
the dividends, are lower than at any previous time
except during TIE war rye ~ per cent Nationals
per cents at ST. and even at this low point bar
tered away for Americans, although the interest
which has been rsgua ar pad eseT nee ISL has
and of Southern Germany" Discount IN the opeI
market is 80 per cent.
BALTIMORE MARKETS, March 20.
COFFEE.-We have reported to-day 4 sale of al
invoice OF 5000 Rio bark Adelaide" to go West
said to have been made at 154 cts gold in bond. Thi
sale was MADE day or two SINCE but was not mad
and heavy under the continued decline in gold bu
we quote as follows, viz: Rio at l71SGlS1a cts go
for common nor I;soo cts gold tor fair to good 2g2
cts gold. and Java at 2SCG28l% cts gold
FLoUR.-The market is quiet to-day, but we Sc