Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-03-24
FRIpAY. March sd, P. NJ.

Alton and IeTre tiaute.. 9ii2 81
Tone of Market Strong. Steady. Irreg'r.
FRIDAY. March 23d, P. NJ.
At the Stock Board to day business was compare
lively dull and with few exceptions. prices were
lower than ON yesterday. Gold declined 4 to q per
cent selling at 1271Z@1Z724 cash, and 1917 s6l277S
seller and 10 days. and closing at 1271a bid 1874
asked, regular way. The business in it was small
tho sales adding up only about $4,000.
Governments quiet, and Seven Thirtics were
hardly as firm as on yesterday. small lot sold at
the opening ut 100. but subsequently, several parcels
were sold at 997. and they closed at 997s bid, Ion
asked. Five Twcntcs were firm. A small lot of
first issue sold at 1895. an advance of 1S but they
left of at l03'z bid, 1885 asked For Skies Of 1881
1875 was bid. and 100 asked
There was quite an active movement in Virginia
Registered 6s $4,000 selling at 40. decline of =
cent yesterdays price, and 5000 Mt 404 buyer So
but in other State bonds ihcro nothing whatever
done. For Missouris 20 was bid and Virginia Cou-
pom SIS closed at 20 bid 81 asked; Baltimore city Gs
continue to improve 1905 selling today at 99 an
advance of 4 to = z cent.
We notice 4 further Improvement of Il of dollar
in Baltimore and Ohio Railroad shares a small lot
selling at Sl1l24 the market for them closing SlIl
bid, $1l2 asked: Northern Central closed without
sales at $i44 bid. S45 asked, Central Ohio at $2aa
bid $50 asked; City PASSENGER at SIS bid, and Bati-
and Gainesville at $50 bid In bonds there was
no movement whatever. but they were generally
steady. Baltimore and Ohio 1855 closed at IS bid;
Northern Central 1855 at 81 bid. SIS asked and Mari
eta and Cincinnati's at SO bid, 81 asked.
In the miscellaneous list there was moderate
business done Sales were made Of 1000 shares
Bankers and Brokers' Telegraph at 50, yesterdays
price, and of 200 shares Maryland Anthracite Coal at
Sl5H, buyer 80, decline of Z dollar. American
Gas Coal sold at So cts the dividend of 30 cts re-
Gently declared, Bare Hill at S105 and Mineral Hill
at 50 cts, advance oil cts. We note sale of 100
shares Merchants and Mechanics Insurance Com
pany to-day at 81.
Money is abundant and very easy on call at
cent, the supply being in excess Of the demand
First-claSs paper passes at S99 7 cent but for
lower grades rates range from 10 to Is a cent
The foreign exports from the port of Baltimore
this week. amount in value to S209,G63. Included in
the exports $500 bbls flour. 1870 bbls. corn
meal 900 bbls. and 1851 boxes bread 405 hbls pork
49l bales cotton, and 43 .9lS gallons petroleum.
The New fork stock market was much excited
this morning before boards, and nearly all prices
were materially advanced from closing rates on yes
terday evening, Rock Island being quoted Mt li7sl
Pittsburg at SO7s, and Michigan Southern at S22s,
Fort Wayne was in good demand at 92]5 and North
western Preferred rose to 55s. At the eleven O'Clock
Board large transactions took place. Some fifteen
thousand shares of Michigan Southern were sold Mt
this call, by one firm. at about S2$I The effect Of
this large sale and other small ones upon its price
was small indeed. inaSmuch as S2I was bid for the
stock at the close of the Board, ard On the street
soon AFTER 1t advanced to 50. Other stocks were ram
pant, and the JaH interest strongly predominate1
New York Central, Erie Reading and Fort Wayne
each advanced - and Northwestern Preferred o.
At the one o'clock Board the market was irregular
Enc advanced to S23s. Hudson sold freely at 1887
and for Northwestern Preferred 57lI was bid Mich
lgan Southern. however declined to S2I. Pittsburp
was weak at 500. ard Fort Wayne fell to 9255 At
half past two Erie receded under large sales to S13
Reading declined to l02. and Northwestern Preferred
was depressed, selling at 56 Michigan Southern and
Pittsburg each rallied =, while Rock Island and
Fort Wayne remained as before.
Shortly after this call, news was received in Now
York, that the Loan Bill had been reported hack 70
the House with some amendments, and would most
likely pass as amended. which had a depressing in
huence on prices. New York Central and Erie each
declined 4; Reading and Northwestern Preferred x.
Michigan Southern and Pittsburg each p cent Az
ter the CALL the market became pancy on the street
and sales of Michigan Southern were reported ut "a
and OF Pittsbug at 1914 with other stocks similarly
affected, but at five o'clock the received strong
support, which tended to arres the decline Michipan
southern rallied to S0A, and Pittsburg TO 49, with
Inc rest OF the market steady Hudson River railroad
WAS unusually strong opening at 10Sl% it steadily
rose 10 lo9A at the close. and was not influenced nv
the general depression of the market.
Government securities were very firm, Five-Tven-
Ties Oh 1904 seng at 1874. Gold opened at 127zs and
advanced to 1895 at twelve O'clock after which time
1t gradually declined, and at the close was quoted at
lZoA@l261s. Large transactions are reported during
the day, but for what purpose isnot generally known
Inc scarcity continues and 1l6 has been paid for use
Inc money market is without material change
Caii loans are easily effected at per cent at the
banks while brokers and private bankers supply each
other at per cent. Prime paper is sought after
without being plentiful and the general rate Of mo-
gotation in this class is 7per cent lower
from to u per cent -"N7'
foreign exchange is quiet. The principal drawers
ask los for 60 days sterling and for francs o9I
The New York Euening Post says;
the prevailing tone in Wall street is one of min
1ul SUSPENSION and doubt. The arrangement Of The
currency the incertitude to the overnmenti no
ICY the stagnation Of general business all tend 70
make money easy by shutting up the usual channels
Tor the employment ofcapital. One Of the nuncrnms
consequences of this unsatisfactory state Of tb;n
that with the exception of the clique Transactions in
few stocks little business is doing at the Stock Ex
cnange Another result is that capita is pouring it.
self into Seven thirties and other Government secu
rites which are justly regarded offering at present
u most safe and remunerative investment
"A sale of 10000 tons Scranton Coal was made =.
New New York yesterday. and the prices show aydecne
OF 20 cts TO Si.5O per ton on previous rates.
the ,fe U Ue d 6FSf Monetary affairs were unsettled BY
pany with very heavy liabilities The occnr,enne
a aavng Sss aSoTsyy effected the value of the
Gently; Five Twentes were quoted at S6i2@I6gr
at 53345414. "' ''/4S 1914 Eric
The Liverpool Cotton Brokers' Circular of March
10 says
Cotton has been in large and general demand from
consumers throughout the week. and the EXPORT
houses have also done fair average business. HpId
eFs, however have supplied the demand readily and
show an advance compared with last weeks rates
this is not general American continues in extensive
demand, but is still freely offered at about former
quotations. The advance in Egyptian is I'd. old =
10. on the week; but in other descriptions there is
hardly any Improvement.
The sales Of the week add up 49, 0 bales including
6 to spectators and l2G00 for export The author
lied quotations are:
Fair. Fida1ing,
New orleans. .2034d. 19l4d.
1Su
M lStSu.
The stock on hand :: -o l9lSd
eluding 2l3,S?0 American Quantity at sea. from