Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-26
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further advance of II to ~ per cent. was estab
lshed in it to-day. The market for it was very ac-
tive. upwards of 100000 selling at the first Board at
13934@l401s, and about 1000 at the second Board
at l39ss@l40. 1t closed firm at 1895 bid 14O asked
Five-Twentes were decidedly frmer to-day, the
issue of 1862 selling at lO113 which is advance
since yesterday of IS and the issue of 1865 at 1917,
an advance of a. but tho transactions in them were
unimportant. Seven Thirtos were steady but quiet
first series selling at 0l1E@10'S and second series at
1925. Nothing done in Ten Fores or 6s Of 1881.
For State Bonds there was some inquiry, and sales
made of $1,000 North Carolina IS at S2l, and
$4,000 Virginia registered 6s at 1922. There was
also some movement in Baltimore City 6.s, some
$4,000 of them selling at 9934 for 1905 and $50 for
Park bonds.
There was nothing done in either Railroad bonds
shares. Bonds steady but shares were rather
heavy, Baltimore and Ohio closing at $1O7z bid Sl0S
asked and Northern Central at S43H bid S44 asked.
Bank stocks were in some demand, and they were
generally frmer. Mechanics sold at S17I. an ad-
vance of 4, Third National at Sl0O14 and Bank of
Baltimore at Sl0S%.
In the miscellaneous list the only transaction to.
day one of 100 shares Atlantic Coal at 90 cts
Baltimore and Cuba Smelling and Mining Company
offered at sos, but the best bid for it was $55
Canton closed at 1861 bid $50 asked; Santa Clara
at only s. bid. and Maryland Anthracite Coal at
SIS bid, $50 asked.
There is a little more demand for money than
there was a week ago. but the market has exhib-
tied none of the stringent features that have charac
terizod it at New York for some days past. Call
loans readily negotiated at per cent and first
class business paper is easily placed 7S per cent
although there are few names which 20 at the inside
figure.
The foreign exports from the port of Baltimore this
week amount, in the value 10 $l23666 Included in
the exports 20S6 bbls -four. 23 bbls corn meal
$50 bbls bread. 2966 bushels corn and &c. ia gallons
petroleum.
The New York Stock market has been less active
to-day, pending the next news from Europe in re-
gard to which the opinions Wall street are about
equally divided. Unconstitutional bears have been
free sellers to day. but there have been sufficient pur
chasers to amply sustain the whole market, which
closes at an average advance of nearly "A per cent
above the early quotations.
New York Central was steady during the morning
at e31sg94. and advanced to 9434 in the afternoon
Towards P. NJ. however. a reaction was noticed
and sales were reported at 9ilS.
Erie was again the most active stock on the list
1t sold before Boards this morning at 635 and ad-
Vanced to 6S4 shortly after o'clock but the per-
sstent selling of the stock which followed this ad.
vance, was the means of depressing its rate and at
the close it was quoted at 611s@674.
Hudson River K. R. sold in the morning at l13%,
but became weak later in the day, and at P NJ. was
offered at l2 with few bids. The stockholders est-
mate the companys loss by the burning of their
freight depot to-day at over 100000.
There was comparatively little done in Reading
to-day, and it closed at 10 after selling at 1lO at
the last call. Illinois Central was in better demand,
and advanced to lis at P. NJ, its early quotation
being ll6@ Michigan Southern was active at the
several Boards. Opening at 1877. it rapidly ad-
vanced to 1919 at hafpast two. but at the last call it
gOld at 1917 and clOspa weal ot
yanced to 81 at o'clock, after selling at Sc at the
first Board At P. NJ, however, it sympathized
with the general market and declined to S615
Rock Island opened at %, and advanced during
the day to 934. with but little offering on the street
late in the evening. Fort Wayne was steady during
the morning at 9512@954 but advanced to 90 at the
late Boards, closing, however at 95}4. The North
western stocks formed no particular feature of the
day; the common" and preferred" each ad-
vanced q per cent. in sympathy with other stocks
Canton was firm and advanced to $50 at o'clock,
after selling at 572s at the first call. Cumberland
was inactive. and ranged between 49, and 45% dur
ing the day. Ohio and Mississippi Certificates ad-
vanced to % at the close. their early rate being 2
The friends of Sir Morton Peto anticipate that he
will resume very shortly all his works 60 on with
out interruption, and his army of forty thousand
men are still supplied with work; therefore it is
thought that he will not much if any trouble
by the sale of American securities held by him.
Money has been active to-day. but in good supply
to rstclass borrowers. and call loans have been easy
of access at per cent. The payments for gold lately
sold on Government account are now about over,
and the banks after using only IL millions of short
Government obligations in payment of checks on
wednesday as Invited have to-day employed them
more freely. They still hold on, however, to their
Certificates of Indebtedness &C.. as being less rou-
besome than call loans and yesterday paid currency
into the Treasury in order to advance the rate of in
terest, but to-day they unable to play so hard
game, probably in consequence of being drawn
upon largely from the country. 1t is confidently ex-
pected by several of the largest brokers in New York
mat money will be easy at per cent. on call next
week when the one year Certificates are paid off
Inc Gold market has been again yery excited to-
DAY. 1t opened at l4054, and rapidly advanced to
14l2s at 1890 A. M. 1t uctuated very considerabIv
in the afternoon and closes firm at l395lal4O Gov
eminent bonds all improved to-day Fiye-Twenties
of 1864 advanced to 10l1G. Seven Thirties sold n
10l3S, and Ten-Forties at 944@9l55.
The New York EUening Post says:
The revulsou ut the Stock Exchange seems for tho
present to have spent most of its force and SWIM
toms of a revival of confidence are appearing But
for the arrangement in the money market caused by
the Treasury sales of some thirty millions of gold
during the last ten days. it not generally believed
that any serious trouble would have been produced
here by the panic in London, except. indeed, tenn
porary depression of the quotations of some of the
stocks of which large amounts have been held in
England.
The Times says.
The private banking advices by the Cuba, received
this morning were nearly all dated from London on
Saturday. the 18th of May. after the Bank of Eng
land suspension had been authorized by the Govern
ment and while they quote Money dear, and refer
the panic OF the day before unprecedented. the
belief expressed that the worst of the crisis had
been passed, both in Money and Cotton markets. In
the Cotton trade a failure Of some importance had
taken place at Rochdale. (Butterworth Co., spin
nerS,l and another at Liverpool. Wakefield. Nash
Co., Qactors.)
The Tribune says;
The mails by the Cuba are reported to have
brought back good many bills. The market for
sterling is quite active at the annexed rates: London
prime bankers. 80 days, 109Ss@l099s London, prime
bankers sight 110249110Ja; Paris bankers. short.
5l0g5.03az Antwerp, 5.l354g5.l2a4; Swiss, $3.50
5l2za; Hamburg, 81; Amsterdam AZ; Frankfort. 4254;
Bremen, 80: Berlin, IA.
In the European cities capital is advancing in
prlce; The demand is increasing, and the rates In
the leading cities are: London, 100; Paris 40;
RR% nliie Jam SLSE Holland, %; Vienna 5S
burg, 81.
With reference to the market for American secu-
rites Messrs Satterthwaie Co. report as follows
The London market for American securities has,
during the past week, participated in the general
depression, and We have to record serious decline
in all descriptions of stocks and bonds currently
dealt in; the fall would probably have been consid-
eraby greater if we had not had large purchases for
shipment to America to take advantage of the rela-
lively higher quotations In the New York market,