Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-08
MONDAY, May 7th, P. M,

MONDAY. May 18th, p. NJ
At the first Board to-day Gold active at an ad-
vance of per cent on Saturdays prices. sales OF
Tome $4,000 being made at 12S1s@12s14 cash, and
DS912Sls, seller Is. but at the second Board tho
transactions small and rates slightly
lever the sales being at 12Sz@12S. 1t closed regu-
Lar way at Us bid, 1881 asked.
Governments were fairly active. and the market
for them quite strong. lot of 81 900 6s of 1881 sold
Il 1j91f. and note GALES of some $4,000 of Five
Tventies at 10214Gi0212 Of Seven Thirtes two or
tho lots sold at 1925, and lot Of & 900 Ten For
ties brought 96. an advance Of l per cent. The
wlop list of Governments closed strong.
Nothing was done in State stocks, but &C was bid
for Virginia coupons. S3% for North Cardinals and
20 fO Tennessee's. Baltimore city Is were in somo
deuand. and sales were made at G6]2 for 1S75s and
.9l5fOr 1905.
M,rietta and Cincinnati Railroad bonds sold at
the rst Board at rs. and at the second at ia the
latte figure being a decline of IA per cent on the
price paid for them Saturday. but nothing was
donein other bonds or in shares. Shares closed at
$l09 Did, $10912 asked for Baltimore md Ohio: Si5
bid or Northern Central. $16 bid for North Western
Virginia. and $3.50 bid for City Passenger In bank
stocks there were some small transactions, National
Exchange selling at S1Ol Commercial and Farmers
full Iad at $4l13. and Mechanics at 22l5
In the Miscellaneous list the business was small
Sales were made Of 500 shares Bare Hill at IS cts 500
shares Atlantic Coal at 81. and COO shares Ameri-
Gas Coal at IS cts. Sales also OF % shares Ma
tianal Express Company at 81, and of 80 shares
Merchants and Mechanics Insurance Company at
$s1@@65s.
The New York stock market has varied during the
day. Erie opened firm at 141s, an advance of per
cent above its last quotationson Saturday evening
but its price tempted many operators to SELL in con-
sequence Of which it gradually declined to 1875 at
p. NJ, closing dull New York Central was inactive
After selling at 922s early in tho morning it was
quoted at S2s in the afternoon Hudson River Rail-
road was steady throughout at 1lO@1lOl5 Reading
opened at lO9 at which price large amounts of the
stock were offered; at eleven o'clock it declined to
1924, and at the last board sold 1915 Michigan
Southern and Pittsburg each fell Off q per cent
during the day. Illinois Central was severely at
tackled and declined to l after selling at l22 at the
first board.
Rock Island was remarkably firm; under purchases
to cover short contracts it advanced to 1855 after
opening at l2454. Fort Wayne was perhaps the most
active stock. Opening at 99H, it advanced to 1OO3s
at eleven O'Clock, and at the o'clock Board sold
at 9912, closing at 9934@s97s Northwestern Common
was dull. and declined to 29l4. after selling at 29 a.
the morning Boards. while the Preferred was well
sought AFTER and advanced to 61A at the close Ohio
Certificates were firm at 2614@263s; Cumberland ad-
yanced to 40 in the afternoon. closing however at
4. Canton was less active. and after selling at 80
during the morning 1t was quoted late in the even
ing at 5S14@5S3s.
In reviewing the market to-day, there appears to
be less animation in the general operations on change
and it would seem that the whole machinery of all
street is at stand still. 1t is abundantIy evident
that the large operators are mostly doing nothing
and the fluctuations of to-day may be safely atribu-
ted to the man9uverings of the satellites who usually
follow the supposed of the leading spectators
but whose margins and means are insufficient to stand
the risk OF longer delay. The sagnation in specula
tive securities has been the means of certainly
creasng the disposition to sell stocks especially on
the part of those who are considered outsiders and
the public generally are exhibiting greater desire
to realize than for time past still it must beac-
knowledged that the enormous facilities which are
offered to carry stocks such still favor bull
operations, for the present at least. Notwithsand-
ing that many stocks appear to be far above their real
value 1t is hardly safe to presume that the time for
selling short has arrived. although in any instance
where stocks are held at profit it would be matter
OF decided prudence to Sell"
State Bonds varied to day, but the transactions
therein were extremely limited. Tennessee's adj
Vanced Is, North Cardinals declined H. Missouri's
advanced u, while Vrgnia's are without change at
%. Governments were steady. Five Twenties ruling
at l02; Seven Thirtes also sold at 102; Ten Fortes
are quoted Mt 952s. and Skies of 1881 at 109 .
Gold was very firm; opening at 1215S it pradualIv
advanced to l2S1z at the close
The New York bank statement this afternoon ex-
hibts an expansion that was little looked for The
increase of ten millions in the loans clearly shows
that large amounts have been borrowed for specua.
tive purposes. as legitimate trade has been extreme
ly dull. The deposits have increased seven and 8
half millions. while the specie limo has only been in
creased two and g half millions. Money continue:
abundant and very easy.
The New York Tribune says: a.
,,r The failure of the Merchants National Bank OF
washington. under the very eye of the Treasury De.
partment. has made money lenders more cautious
and gwen shock to confidence which it will take
some time to restore. The extended loans and de.
posts. upon which National Banks arc making suob
large profits, are based upon transactions and with
eaers such as caused suspension of Culver Penn
20. and TINS Washington Bank are deceptive and
udnger0uS; Ii the loss made by the Government
iihr9ugh TINS rotten bank causes the Secretary Ia
look sharp alter all his deposit banks the warnino
may De cheap at So0 GJD 1t is stated that rsol,,
ton VIII De promptly offered looking to tho ranSfer
OF the deposits Of the Government TO the Sinh Troas
urles. AT TINS moment the deposits of the Treasmry
form the basis OF much speculation and def ~ =
return TO specie payments. 1t will NOT harm tb
pubnc credit TO make u general call unon donos;t
banks aud large payment on temporary loans fo't'
The following the receipts of cotton at tho
named from the first of September last to the date
named:
At Galveston and Texas ports. to April 2l 1857!