Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-05-03
ps'seas Of sUochs ARA Asossas III new York
ny TELKeR4PH-
I.s-EjsNeG " leonard j. To,,ea, d. o. Soei s.sf iH
bToiers No. e South &rsef.
May g 1865



There an active movement in Gold again to-
day, and sharp advance in the rates Tt sold at the
first Board at l2613l26 regular, and 1865 sellers
option, but at the second Board it sold regular Mt
l2713q1273. and 1271a sellers option. being adj
Of fully per cent since the opening yesterday.
The transactions in it heavy the sales footing
up nearly $4,000.
La Governments there more done than for
several days, $4,000 each of Five-Twentes and
Seven-Thrties selling, the former at 1919 ex-in-
teres and the latter at lOlzs@l0lsz. FiveTwenties
closed at lOl bid 1924 asked for first, and 1925 bid
1915 asked for third issue, and -Thirties left
of at 1919 bid. Ten ForteS quoted at The
close at "a bid % aS-cd and Certificates at 100 bid
zoos asked.
State Bonds dull, no sales being made at the
Beard 43 bid for Virginia Inscribed IS S319 for
North Cardinals, and 80 fer Tennessoe's. A lot Of
$1,000 Baltimore city 1890 GO sold at 99@ and they
closed at 99l2 bid, 992I asked.
Nothing was done in Railroad shares or bonds but
they were steady as before quoted. There was some
movement in CantoD, lot Of 100 shares selling at
$751;. It closed at $685. bid. 591 asked. We notice
also 4 sale OF - shares Baltimore and Cuba Smelling
and Mining Company, old stock. at &1.l5.
In the mining stocks there was something done but
the transactions not large. Sales were made of
200 shares Bare Hill at s5@9O cts the closing sales
being at the inside figure; 800 shares Atlantic Coal at
ST, and 500 shares American Gas Coal at 6O@70 cts
For Santa Clara $50 was bid, and $40 asked but no
sales were made.
Money is abundant and the market for it very easy
Call oans quoted at soc a cent, and prime paper
which is much wanted is selling the street at 78
Ycent
The New York Stock Market has taken the initia-
tory step towards general advancement to-day. at
the several Boards stocks were firmly held and as
rule showed marked improvement at the jast call.
The street has exhibited activity and the pre-
vaing disposition has been to buy. The bears" are
in the minority at present and the avidity with which
their contracts have been taken to-day tends to prove
that the bulls" are in earnest, and intend making
hay while the shines.'
Reading was shade lower at the opening selling
at 1855. but it became very excited at the Stock Ex
change. and to 1861 at eleven o'clock and du-
ring the last session sold at 1864 Illinois Central
was Heading feature in the market, selling in the
afternoon atl2lM, after opening at 1875 Fort Wayne
active and advanced from 80 to 1917 at o'clock
The Northwestern stocks were very firm at the sew
eral Boards. the common advancing to 2S} and the
preferred to 593s.
The purchases of Canton for election purposes con-
tnuc; 81 its closing quotation The pecuniary rick
which is being incurred to obtain the direction of the
company is certainly great, and holders will proba-
bly, find it difficult matter to obtain market for
the stock when they achieve their present object 1t
is uuWse to sell short, because the stock has by
cause in the charter to stand for 80 days prior to the
election, in the persons name before he can be en-
titled to vote and it will thus be difficult to even Dor
row for delivery The election takes place on the
4th June, by which time in all probability tho street
will be rid of its interest and the directors will be
saddled with this security at prices which now ap-
pear satisfactory far theory goes but which will
be very apt to show 4 different phase when practi-
cally asccrtained.
Late in the evening, and when Wall street was de-
serted by the principal operators there was move
ment observed to sell large amounts of stock, and SO
numerous were the offers that at P. NJ considera-
Bile decline was observed from the ruling rates at the
last call-Rea5ng being quoted at 106, Erie at 1875
Michigan Southern at ia, Pittsburg at Sl15, and
Northwestern Preferred at $50, The paucity of
persons engaged in these transactions, however,
will be the means of giving tone to the character
OF the market toward morning and from the manner
IN which purchases made on Change, there is
every reason to believe that stocks WILL at least tenn
porarily, advance.
State Bonds were more active. North Cardinals
advanced q; Mssouri's and Tennessee's each ad-
Vanced a. Nlrgnias remain at 6S. Governments
were lower, with less disposition to buy Five
Twenties declined in the morning to 1875 but raj
lied in the afternoon to 1915. Thirties sold
at l0l34, and Ten-Forties are quoted at 9l3s.
Gold opened at 1861. and advanced to 1898 at rs
r. M after which it receded to 1871, and closed at
1884. There has been a continued demand for gold
to-day, and the short" line is still very large Dor
rowing has generally cost l-32. Money remains easy
and the prevailing opinion on Wall street to-day is
that it will continue for some time; the idea of
new loan by the Secretary of the Treasury mas no
depressing influence whatever. many of the New
ork banks to-day have freely offered sums to
brokers at per cent for fixed time, while the
general rate on call loans has varied from to nor
cent.