Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-17
Furnished by Leonard J. Tormcp & Co., Sock end BIZ
Brokers, No. % So,ta Sir~et
May 16, 1868.
WEDNESDAY,, M ay Is, P. NJ.

WEDNESDAY,, NJ ay Is, P. NJ.
There moderate business done at the Stock
Board to-day, but the market exhibited special
activity. Gold was fraction higher than yester-
day. and the market for it was quite firm The sales,
which chiefly at sellers option to 10 days.
made at 1900 1905. and it closed strong at $50 bid.
1907 asked regular way
SevenThirties continue to improve, some $4,000
of the second series selling at 1929, which figure
bid for them at tho close, but Five Twenties were
heavy and lower First issue sold at 10lI@ and closed
at 1925 bid but for the second and third issues 10lM
bid, and 102 asked at the close. Ten-Forties
opened at $685. but they sold subsequently at 96, and
closed with this figure bid. Certificates closed at 100
bid, 1905 asked.
There nothing done in State or city 6's, but
there was some demand for Railroad bonds, and We
note sales of Baltimore and Ohio 1875 at qS1IG9SI
and of 1855 at 80; also of Marietta and Cincinnati
bonds at 1919. In Railroad shares there was also
some movement sales being made Of . Northern
Central at S44, 100 Northwestern Virginia st Sl71%
and $50 City Passenger at $751; and SIS the closing
sale being at the latter figure. Baltimore and Ohio
shares closed without sales at Sl08 bid, $685. asked
The transactions in Bank stock day include 16
shares Bank OF Baltimore at sos, and SO shares Com
mereial Farmers, full paid. at ST.. Mechanics was
slightly better to-day $lSl4 being bid, and SlSH
asked. but Union was extremely heavy, being offered
at S711l, with no bid.
In the Miscellaneous list business continues very
quiet. tho only sale to-day being ono of 500 shares
Baltimore Chrome at So cts. For Maryland Anthra-
cite Coal $50 bid, and IS asked, and Canton
closed at $50 bid, $6Ol4 asked
The New York stock market has been extremely
active to-day and the whole speculative list has been
subjected to considerable fuctuation. New York
Central opened at 9315-its closing quotation last
evenins-and remained steady during the morning at
this Inquire; but at the o'clock Board sales were
reported at 1885, and shortly afterwards on the street.
1t reached 932 At the following call it declined to
934, and at tho last Board it fell off again to $685.
closing at 9&4. Erie was excited. and large transac
lions were noticed both at the Boards and on the
street. 1t opened Mt 1873, but declined at the one
o'clock Board to "A, advanced again to f42z. and
closed at "A.
The speculative feeling in Hudson River Railroad
has somewhat subside and there were no transac-
tons at the early Board 1t sold at 10 during the
next session. and later in the day was quoted at 103
with very little inquiry. Reading opened at 1Q7L
and reached 1925 at eleven o'clock; after which
under heavy sales. it declined to 1074 and at half.
past two again sold at 1925, closing at 1917 with but
little doing.
Michigan Southern severely hammered and
declined to 1875 at o'clock, after selling at S0l5 dur
ing the morn ing. 1t received support, however
at the last Board. and rallied 1874 closing at 7g
Pittsburg opened at S45s and was in good demand at
the morning Boards. At 5 O'Clock it was quoted at
S514, after which time it heavily sold, and at
o'clock was offered at S43s towards O'Clock it was
better sustained and reached So. Rock Island par
took of the general excitement in other stocks and
varied during the day between 9i35 and 932I. Its
closing quotation is 1873. Fort Wayne sold at o97k
at II o'clock, after which it steadily declined to 90
with but small disposition to buy the stock
Tho Northwestern stocks were weak under the i'm
preston that the directors intend to pass the uox
dividend The common" declined TO 28lS and the
preferred" to 5S35, with numerous sales of each
Ohio Certfcates.eXhibit increasing hrmness and ad
vanced to 2 1t is thought day that the prospects
for the company gaining the suit against the In
dianapolis Railroad are frightening. and quite n
lively interest was displayed in these certificates on
the street during the day.
Cumberland opened at 1875 and continued firm
throughout, closing at 4534. Large transactions took
place in Canton. which opencd at 6g3s and declined
to 592 at o'clock, when it became intensely ex-
cited, and one firm in New York bought 1000 shares
IN consequence of which it Immediately advanced to
Co.'s and at the last call was in great demand at 6X
@61H.
The spectators in Wall street appear determined
to keep their ultimate designs to themselves Many
OF the leading operators to-day have been both
buyers and sellers of the very same stocks The in
creasiny activity in the market is however drawing
the public gradually into stock operations again. and
the fluctuations which have been experienced to-day
eparty to be attributed to reazations by outsiders
and to increase the excitement the "ciques" are
supposed to have followed the current of the street
operators.
State bonds were frmer to-day; Yirginia's sold at
6S74, an advance of q since yesterday, and North
Caroilnas were quoted at S412 Tennessees and Mis-
souri's are without change. Governments declined
during the morning, but improved later in the day
FiveTwenties old issue sold a101 at the first board
and advanced afterwards 10l2. The issue of 1864
opened at 1919, and reached 1919 in the afternoon
TenForties quoted at $685. and Skies of 1881
at 1881
Gold opened at 1905, and remained firm during the
day, with little variation in its price, closing at 1900
1905. Notwithstanding that over quarter of mil
lion dollars are supposed to have been sold on Gov
eminent account there has been scarcity of gold on
the market to-day and much 1-32 has been paid
for use. Money continues abundant and call loans
are quoted easy at 5per cent.
The New York Tribune says:
Money is increasing in abundance on call and the
how OF currency from the West is still large The
amount OF money required to move the remainder of
inc crops to market this spring is unusually SMALL
ana until new crop is ready to be marketed there
Will be no demand which tho Atlantic cities cannot
readily supply without affecting rates. The Treasury
mas ceased to issue certificates and will soon be able
10 pay oil subStan tai amount of temporary loans
step which viii add materially to hevoume Of the
currency and to the amount of capital seeking tenn
porary employment. The policy of the Pleasure i
not to be contraction but indirect expansion of err
rency Tor some time, and there is rapidly incress
ing class Of people who argue that the sumner of iS66
will be marked by rampant speculation in the fos
clal centres, the result of accumulation of ire
such stocks alone offer. The rate for best hills Is
@6 per cent, and for call loans 4Q5 per cont.
The Herald says under date of the 18th:
Foreign exchange opened very firm, and the lead
ing drawers asked 1881 for their bills on England at
sixty days, but later in the day they accepted 1885,
and the closing quotation was l0912@3s Short sight
bankers bills ranged from ll02s to l0s with excep-
tons at llOM; commercial of the best grade 1897;
miscellaneous signatures lSlO5 francs at sixty days
5I!A9o.l213 Bills drawn upon English limited La
99y 9anks are difficult of SALE owing to the general
u,seTSuit OF nnance companies doing business under
Inc imlted inability act 10 Great Britain and the re-
cent pank failure in Liverpool. There is moderate
demand LOT continental bills at the following rates:
t ia. ,I5gg S9Zig3', on Amsterdam 1904 on
frahklort 9l2sg2z, on Bremen 1904 Prussian
thaiers are quoted at 7219973. '-'-'-
The total value Of exports from Boston. for the
week eha1ng way u including specie, was
against ioO TOR the corresponding week in is6S
The cash balance in the hands OF the ITnited Stoto
Assistant Treasurer at Boston, at the close 81 1.ltes
ness May II. was Sl3 34l 9iS01, decrease Of sSos
84l % as compared with the close of the previous
week. -.--- 0
The Chicago Times Of Saturday says:
The increased movement produce during the mast
few days has impaired more life in the money market
yet, with large amount of currency the banks are
discountng all rstcass paper at the current rate of
10 per cent. Financial men are predicting an easy
money market. or in other words dull market until
the incoming harvest is gathered and the movement
seaboard-wise commences. The supply of Eastern
exchange is still inadequate to meet current wants
and rates continue firm at 6Oc. per 81, 900 buying and
lilo of per cent selling.
The Providence Journal says of printing cloths that
the market is active and prices have advanced from
~ to Ia cts during the week. Best 64x64s are held
at 1215gl3 cts The following are the sales - 900
pieces 52x52, ctsi 1000 do a6x6o, W cts 5000 do.