Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-23
Prices OF stecks ana Bonds in New Work
Fwrs;shed tV leonard j. 7orney Dc Co.. Stock a.d Bsi
BroSers. No 70 S2lth Street.
Nav % 1856.
Tuesday, May 22-P. NJ.

Ohio iC" and nd Miss Cert 515I S1i% $685.
Zone of Market..........~Steady. Irreg'r. Improve
TUESDAY, May 22-P. NJ.
Business as the Stock Board to-day was confined
almost entirely to transactions in Gold and Govern
ment securities but in these items there was consid-
cradle activity. Gold improved under the influence
of the advanced quotations Mt New York 2% to per
cent. 1t opened at the first Board at 49, but ad-
vanced before the close to 1884, but at the second
Board it fell off again slightly the sales being made
at l33Gl33I. The sales at both Boards sum ND
about $l25,0 900.
All the issues of Governments were weaker, and
Flve-Iwenties show decline since yesterday of
fully per cent The issue of 1862 sold at the first
Board at 1917, but at the second Board about
c; this issue changed hands at 1Ol lGl0l, and they
closed at 1905 bid l0l asked The issue of 1864 sold
at both Boards at l0l7s. and closed at 1919 bid lO2
asked Seven-Thrties sold at 102lE0l02lI and
closed at 1925 bid 1929 asked. These being cur
rency bonds they less affected by the fluctuations
in gold than Five-Twenties.
There was nothing done in State or city 6's, nor
was there any movement in railroad shares or bonds,
but there material change in the quotations for
any of these securities.
In bank stocks there was some little movement.
sales being made of 200 shares Mechanics at ST. and
10 shares Third National at 800. Mechanics closed
at SIT bid, $l73 asked, and Union at 6SI4 bid 6g2
asked.
In the miscellaneous list very little was done the
only stock in which there was any movement being
American Gas Coal, 100 shares of which were sold
at 40 and s. cts but the stock to which attention
principally directed was Baltimore and Cuba Smelt-
ing and Mining Co., in which there was very heavy
decline. This stock sold yesterday at SlO0GlOl but
1t was offered at the close to-day at $751; with only 5
ba, being decline since yesterday of $50 to S25 1t
is reported and believed that this Company are
about to pass the next dividend and hisis understood
to be the occasion of the heavy decline.
In New York money is much more active, and
rates have advanced materially; but as yet we see
very little difference in the state of financial affairs
here.
The New York stock market has been intensely
excited to-day. and serious arrangement has taken
place in the market values of Railroad and other
securities, in sympathy with the latest financial
news from Europe. New York Central was weak at
95 at the first board. but revived soon afterwards
and advanced to 95 at one o'clock, but declined to
va at five o'clock. Still later advices report sales
as 924 with slight Improvement in the tone of the
whole market. Erie opened at IA decline of o.
. cent since four o'clock yesterday. strong effort
was made to rally this stock and at the one o'clock
1t sold at Y, but it became extremely weak at the
later sessions, and at five o'clock was freely offered
at 7012 with few bids.
NNN+AA-NN@
at H. 1t was severely attacked at the following
calls, and sales, during the afternoon were reported
at llUH Reading sold at los at 10 o'clock and With
stood the general depression lato in the evening
better than most speculative securities It closed at
lU7259lOIH. Michigan Southern was vigorously
attacked this morning, selling down to 1873 at the
first Board. but it received support Immediate
ly after, and advanced to 1875 at one o'clock. 1t
however subsequently gave way, and declined to III
at o'clock.
remarkable effort was made to sustain Pittsburg
this morning which so far succeeded that it sold at
S41s during the first call-an advance of a Il cent
above Its closing quotation last evening. Further
resistance to the rush of sellers on the market wa.
vain. and it declined to S4ls at o'clock after which
1t became panicky, and was freely offered an hour
later at 50. Advices. up to o'clock from Wall
street report sales of this stock at S21l.
Rock Island was steady in the morning at 49, but
grew weaker IN the afternoon and declined to 9l12
at four o'clock. Fort Wayne heavily sold on the
street this morning. and declined to 96I, but ad-
vanced to 9S34 at eleven o'clock. During the after
noon this stock heavily pressed for sale and de-
cned to IS at the last CALI still later on the street
declined to 1914, but towards six o'clock sales were
reported at 1914. Northwestern common" declined
to 1s, and the Preferred" to 555 with large sales
of each. Ohio and Mississippi Certificates were also
depressed, and sold at 2S at the first boards and in
the afternoon at 27II
Quicksilver declined to 5l7l this A. M, but re-
vlved to 524 in the afternoon. Cumberland was Der
haps the least affected stock on the list 1t opened
at 49, and closes at 4413. The holders of Canton e1
bibted great anxiety to-day in consequence of large
sales on account of outside Spectators II was
quoted early at 591s decline of ~ p cent since
yesterday and at eleven o'clock was offered at "A II
revived to SO at four o'clock. but was freely offered
on the street shortly after P. NJ. at 49, with little
or no inquiry.
The raid on the stock market to-day has been
somewhat unexpected by the great bull" operators.
and the appearances that a still further decline
will be witnessed. The increased activity in money
was understood to be the cause of the break in the
market after one o'clock. The banks have been
hastily calling In their loans, and increasing their
margins where loans have been extended.
Government Bonds were weak to-day, under largo
sales of Five-Twenties which are quoted late this
evening at lOl4 for the issue of 1864 decline of
since yesterday.
The Gold room was the scene Of the utmost ex-
element and an unusually large amount of business
was transacted there. In the morning its price fine
tuated very considerably as rumors were circulated
mat the Government broker was selling and NOT
seiihg alternately. 1t ranged during the morning
from I54' the opening rate, up to 1885, and during
the afternoon from 1925 to 1881 closing at the atter
figure With the great stringency in money nc much
as l52d has been paid for carrying gold till to-mor-
row. Money is in very active demand at : ner cont
on call.
The New York Tribune says:
The large shipments of gold to Europe will 90 ,
great way in restoring confidence in American stoc
and American credits and in twenty days from this
there may be expected from London and the Cont
nent quotations for 5-20s which will prevent the ne
cessity Of further renlitances in gold English finan
cial writers expected panic in New York upon the
last untavorabe budget, instead of which they see
920OO Of sold started at once for the relief Of the
foreign correspondents of American houses.
The following figures show the condition of the New
York city banks this week and last
Mayl2. May 10.
Loans ss257 62l. sl7 s255, $50 46s Dec. $50 s54
specie.......... 13,91o4o2 13,595465 Dec SI937
deposits -. 2l7552,S53 2l7427,729 Dec" iMi2i
Legal Tender So,O4Ob59 S5,710,lU7 Inc. $50 AIS
The weekly statement of the Philadelphia banks
made up to the 2lst inst the following ag
,regates as compared with those ofthe previous week
CAPITAL stock n sfs # 80 slf nsy Il
Loans ......... 4o,236.256 4S,3S6657 Inc. lOO3lj
S96.74l S979lS Inc. liz
DUO fin other bnks. 5,150$25 42994S lee. 940$76
Due to other banks 20, 5g5 7,1Sl g2l Inc 39l 5S
Circulation. S,99O42O S9O6.33S Dec. 11,4S2
4 demand notes. 1e,6l6263 19,642,232 Inc. 1867
1t is reported that the Government will loose be-
ween two hundred and three hundred thousand
dollars by the failure of Culver, Penn Co.. the
New York bankers.
Mr. Clarke, the Comptroller of the Currency. has
urned over to the House Committee on Banks and
Banking the testimony and papers in reference TO
make thorough investigation of all the facts of the
ase.
Cincinnati Markets.