Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-04
Prices of Stocks apu asomas Ia Rev Ros,z
THURSDAY, May Sd, ?. i


Tone of Marka t............!Steady. Strong Strong
THURSDAY, May Sd. P. NJ.
Gold was fairly active again to-day, and the mar
ket for it was much stcadier than it has been for
days past. the sales, with the exception of two
three lots. being all at 12715 yesterdays closing
price, and it closed with this figure bid. The sales
sum up about $4,000
In Governments there fair business done
and they generally irmer than on yesterday.
Five Twentes sold at lOi$i, ex-interesf, and Seven
Thirlies at 1Ol3I@IGl5s and the former closed at
1919 bid 1913 asked, and the latter at 1918 bid,
l02 asked. In Ten Forties there marked i'm
provcmcnt. They opened at 95ls, and sold subse-
quently at $50 and 953i. closing firm nj tho latter
figure. One Year Certificates closed at 100 bid. 1907
asked.
We notice sale Of $1,000 Virginia Coupon IS at
g. but this the only transaction in State bonds
For North Cardinals $50 bid, SIS asked. Two
three small lots of Baltimore city 6s sold at 95
for 1S70S and $685. for lsI5's. We notice also
sale of Baltimore city Sc at 3d. 1870 SIS closed at 9a
bid. 99l2 asked.
There sales at the Board Of % shares Baiti-
more and Ohio Railroad at 5000 but nothing was
done in bonds or in other Railroad shares. They
were however steady at former quotations. Union
Bank shares sold at S; Bank of Baltimore at ?1G7j5
The Mining Stocks quiet and generally heavy.
Bare Hill sold at IS cts Gardner Hill at so cts and
inquiry and it closed at So bid $40 asked.
We notice sale of 100 shares Bankers and Brokers'
Telegraph at -. Canton continues to be quoted at
fabulous prices, SIS being bid and $50 asked for it
to-day.
The New York stock market WAS somewhat weak
al the frst Board this A. NJ and Up 10 eleven O'Clock
prices were much the at the close last even
ing. At the regular Board however the tore of the
market became firm, speculation considerably rs-
vnI o-,Ac rN pt-. ! I,44, ~
advanced to 1871 after selling previously at IS Pits
burg reached 8l3s, and Fort Wayne was quoted at
"S4. At the afternoon Boards still further irl-
lroTement was noticed in prices, with fairly active
market. Canton again in demand, and sold at
half-past two o'clock at 59M, but subsequently de-
clined TO 50. Erie sold at az in the evening" and
from the unusual demand for loans of the stock by
several houses in New y orll it begins to look as
though another squeeze might be attempted more
especially there is still disposition to sell the
stock short"
Hudson River continues firm and closes at llOl%
Michigan southern Guctuatcd considerably to-day
Opening at 73I it after declined to ia after
which it again advanced and reached 49, o'clock
Outsiders appear still dubious about this stock and
little IL doing in it except by those who are supposed
to be initiated into the mysteries of the pool"
Opinions differ in regard to the probabilities of the
future course Of this stock but several large holders
predict higher figures
RumorS were promulgated on Wall Street during
the day which were adverse to the bull" interests
but they had no effect the general disposition of
operators. The strength of the market is beyond
doubt attributable to the.great ease in money and
the same cause, while it exists, will be the means Of
further initiation. 1t is a faacy to base operations
upon the intrinsic value Of stocks when clique mani
pulations can be carried on at an outlay of little
over 5per cent per anHum with reasonable margin.
AT 30 P. NJ. the market recovered but prices we're
only shade lower than at the last Board Erie being
quoted at a, New York Central at 922S. Reading
remained at 1914 and Michigan Southern was steady
at 1874 while Fort Wayne sold 1894 having reached
par in the afternoon; Northwestern Preferred was
firm at 593 and Rock Island advanced even to 124s5
State Bonds were extremely dull. Tennessee's and
flrglnia's are without change. North Cardinals de-
clined y, selling at S3l while Missouri's advanced
10 u. Governments were frmer; Five-Twenties a6-
vanced to 1915 in tho morning. and later in the day
sold at lO2.
Gold was active. Opening at 1855 it declined to
1919 at 1l30 A. NJ, after which it became in more
demand, closing at 127s. 1t has become less scarce
and some firms were enabled to borrow without cost
The money market continues abundantIy supplied
with capital, call loans being easily effected at to
per cent.
The Evening Post gives place to the following cal
Uu aas IN view OF Senator Shermans funding
The saving of interest by the conversion of a 6 a
Is
q cent. E annum. An easy calculation shows that
the amount Of this 81 0OOOGO 900 would be "a fol-
lows: W d" '''
In one 600 900
II twenty 100000
II, however. the amount should be semi.annuajy
set apart as sinking fund.- bearing compound inter-
est at 2 cent. per annum, the following would be
In twenty years the compound interest
1t twenty years the principal would be- l060G00o0
r. Total 3956
~ would be .488
III iofty years the principal would be-. SO0CO0OOJ
Total - 90 80 oIo t22
In thirty-six and half years compound
interest and principal $50 $50 200
From this statement it appears that the ANIMAL
Saving OF interest which would be effected by the
cnange from 2 cent. to 5 4 cent would give us a
nat;ans i9nI which would pay of the whole of our
national deot In thlrty-six and half years.
Inc New York exports for tho week ending May |.
compare as follows:
P For the 2S week $94 s2s3s s4 7fSSi
Since Jan. $40 42 $6 0O2 s8493S 595
The New York imports compare as follows:
Dry siS53s si Es$@ sl.5 lsSs
Gen. Mdse............... 6l2S,599 69o636 4,322,73S
Total for the week..$7 46S933 sl122,56O S6,2296s5
Prev. %20n 43,765,24 1O739557
Since IAN 400 974 S44 SS7 SOL S16 1872
The quotation of sterling by the Persia was lO9Ia
l091s for prime bills 90 days. Francs long 5I5@
5l3A. and short 5.121I@5.llh. The Persia took out
Sl26,OO0 i'll COIN
The National Bankers Express Company have
paid over the Adams, American and United States
Express Companies three quarters of the five mil
lion dollars whica tho first named Company Obliged
itself to contribute TO the respective capitals OF the
two other companies under the arrangement entered
into on the LIST of January. by which the National
Bankers Company will be merged into the old Com
panies. The arrangement is to be completed by pay
ment of the remaining quarter on the LIST of June.
The San Francisco Mercantile Gazette of April 9th
remarks:
The Bank of California about to increase its cap
ito stock to SIS 100000, and its bylaws also to bs
changed with reference to tho transferring of stock
The accumul alton of undivided profits now amounts
to 81 100000 which is to be distributed in stock to
the original shareholders 81 900 900 in new stock
Is 70 be offered to the public at premium Of 25 per
receipts of treasure from the interior. since our
ilsC Teierence, have been light, amounting to less
anan 81 i9OOOo Bullion is however in good supply,
anu sou oars are selling at about $40 Silver is rul-
m ie al ABOUT l@lE per cent. premium. Currency
DuIs on the Atlantic offered at "a per cent
pte IN on gold. Teegraphic transfers are made
a. - per cent; and sight drafts payable in coin
are Quotaoie at per cent Premium Startling err
cnsnge may be quo,ed at 4Sl504S3Id for hos, Rsnf-
ers bills; Commercial do. 4stS@4SEd i'' '''' DAM
Legal ar uoto &