Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-03-13
MoNpAx. March Z, ?. NJ.

Tops Of Market Firm. Strong. Steady.
MoNDAy, March L, P. Nj.
Tho Stock Market hero was unusually quiet to
dav tho business at both Boards being small. Goid
opened at 1872 an advance of IL to per cent Gu SAT
urday, but it sold subsequently down to 1917 ana
closed at 1875 bid, 1871 Z asked regular way
Governments were strong. but the transactions in
them weie quite limited. the sales embracing only
some S. 0GO Seven Thrtics at "9}2 for first and VS.
for third series; and small lot OF Ten Fortios a
$751; Five Twenties w2rc firm, first series closing at
lO3ls bid 1G3a asked, and second and third series al
103 bid. For skies of 1851 10i bid. The foreign
advices received to-day quote Five TwcnIes at Il"
T1lz being an advance on the quotations preyi9US!
re,cived Of per cent. The foreign news hes mate
rally strengthened The whole list Of GovarnIDeni
Securities and viii tend to reduce still further ht
premium on gold.
Nothing vas done in State bonds, bat Missouri.
Tennessee's, and North Cardinals, were ali heavy.
For Misseurs only 4 was bid. against ~ on SatT-
day, and Tennessaes were offered at 2oi& IL per
cent less than was asked on Saturday. For Merit
Cardinals no bid WAS made. A tot of $500 Baiti-
more City 1850 6s sold at $50 for the opening, and
we note sale of 100 shares Franklin Bank at 81.
FCr Railroad shares and bonds there was but HttI-
INQUIRY and no sales were made Baltimore anc
Ohio shares were offered ii &lIt;4. with only SL''
bid and City closed at SIS bid, SIS asked
tations.
The miscellaneous list was entirely neglected, not
atransaction taking place in any Of tie STOCKS u"9
Money is il active demand, but il Is obtain2hie or
strictly first class paper az cent Gail loans ,
making in most instances al per cent, few EegoI-
atiOns Of an exceptional character being at lower
rate
New York stocks were unusually strong this NOM
ing and before Boards the disposition Of the street
L.11t En-
Wayne and Pittsburg were the first stocks which
cupied the attention of Spectators Erie rose to 8
hut the transactions in this stock during the mcrning
were not large; New ori, Central WAS still in de
.nand and sold as high as 4l5s. At the II o'clock
Board the market was irregular, the noticeable
advance at this call being in Michigan Southern.
which quoted strong at ~, per cent. above lis
early price the street. Pitts5urg also very
active, and advanced 10 76 Erie, New York Cen
tral, and Reading, were steady at previous rate,
while Fort Wayne, Quicksilver and North Western
were heavy at - decline. At ! o'clock The various
combinations again large buyers. in consequence
of which New York Central advanced TO 92lE, Erie
to S3l4, Michigan Southern 10 1873, and PittsbuTs
to 76l3
The great activity in these stocks gave strong
tone to the general market, and prices indscrifi-
nately higher. The strength of the maTkctcon-
tinued uninterrupted throughout the next call Erie
selling at $50, and Michigan So7thorr at 1854. To
wards four o'clock the disposition to buy iessened.
and prices generally fell off = to Is z cent, Erie
being quoted at 80, and Michigan Southern at 10
The latest advces from Wall street report the mar
ket very heavy, New Yorl Central selling al o. with
few bids, end Erie offered at 49,
From the working Of the market day, It is very
difficult to form an opinion to the immediate course
stocks are likely to take. That the market is very
largely OversOld there is but little doubt and while
this continues, the different cliques are not likely
reinquish their hold upon specific stocks. bit the
present state of affairs warrant persistent corner
therefore it is ratura to suppose that before short
contracts arc entirely closed moyemen. will Ger
tainy be made to get out Of them rather than run
the hazardous risk of having hand securities with
out a remuncratiye market value.
Southern state bonds were extremely heavy. Eir-
ginias were offered al GS during the day without bS
small lots of North Carolina sold at 500. decline Of
~ per cent since Saturday. In the Stock Exchange
this morning., when Missouri were called, great ex
citement prevailed, and there was general scramble
to make sales. They opened at g. cut fell suddenly
to H. and quite q panic was created in them.
Governments improved in consequence OF higher
quotations in London. Five Twenties of 1864 sold at
1885. Gold opened at 1917, and during the morning
advanced to 1925 with considerable transactions
after which it was less active. and o'clock was sell
ing freely at 100.
Money is still easy and the general rate on call
creasing i,nt the supply Of capital is abundant.
The New York Tribune says the fluctuations in
gold continue to unsettlo values, and people begin 10
market Mr.. McCulioch viii be gully Of no such
folly. The premium falls and tends to par, from
causes beyond the control OF the Treasury, and still
lower prices must soon prevail. The export Of the
week has been 1855 2Sl previously reported s. 5Ii-
20l: total since Jan'y J. S5lZ7t&5 same time 1856
The shipments of specie from the port of New York
last week and during the year. compare as follows
with the exports for the same period IN 1864 and 1862
Tenth 555 !5 sss ~ 55$2
During year to date 2C9476 s42l7,O62 $4,957,SS5
The act of Missouri, recently passed to provide for
the consolidation Of the railroad State debt shows
that the latter will amount in all to $50 1879 $50 on
the first Of January, 1868, the details of which
thus given:
s sHItb BgPPoh ig 9SS55 S S $53
Platte t Counts sy~ 10000 5.io55 55it,SS55
NS nterest o Of 81 ."t $4,000 2assao $500
Tota!............. 900 S906, $50 53olg9Q5l
from which total there is to bededuced the amount
psiain coupons and bonds by the several State hank
ana = the late owners Of the Platte Country Rail
The cohalidated bonds. issued in exchange for the
Old, with the accrued interest added will bear in
ior iiuf years from January 1905 at the rate
OF three Pa cent only and for the next four years at
four. ana htsuccedng four years atfve. From 1852
re nooI a aSte Will be six per cent: for four years
again succeeding cent cent alter Which nine per
This sdn sea1a IS tqfEiod Of their maturity
able by the majority OF the bondholders.
The Boston TrGlcLler Gays:
The money market is active Under good demand
Tor prime collateral loans on cal at CAT Z cent.
which are the extrelnG rates Of Interest charged 10
borrowers in undoubtea credit; bu. higher rates
HUctuatIub ale
months notes, of the first class aie passed in tha
street at seven and half Scent andyery fair names
at eight and nine. The lover grades are not readily
sold and few are offered.
The Chicago Tribune of Thursday says:
The money market was stringent and close but
there was no particular pressure and rates remain
steady at 10 Rcent. at the banks, aud l@2 cent >
month on the street.
The Cincinnati Gazette says:
There is no improvement in the aspect of business
generally and transactions are confined to the i'm
mediate wants of merchants to supply the necessities
of consumers. Buyers of all kinds of goods hold
ing oil as long possible. in expectation Of being
able to Law in stocks at lower prices while holders
generally t,sink the bottom has been reached and
will make no further concessions. unless future de-
Gioueester i .'sh Market. March 9.
For the week-Georke, Goldfish, sales of round at
$3.50 cTt; but few in shipping order, neid at 81 .
ket firm at ST. Fresh halibut scarce and prices have
advanced; sales at l2@3 es smoked do in small sup
sales at S2925o Z. 100. OIL cod 81 Z gal.-Ado.
Baltimore Markets, Monday, March E2.
COFFBE-Coffee is dull, but the market remains
steady and firm. There was a sale on Saturday of
rs bags Rio at 20z cts gold and day note sales
FORE 70 Rio at Is@l9 cts gold for common to fair 20
q cts gold for good tS prime 2 dS IA cts gold fSg
@2s% cts eoiJ The stock in first and second hands
FLOUR.~We notice somewhat better inquiry for
the market is steady and tolerably firm We have
to-day sales odd 6 6S eh Sb City City
Howard Street Extra ut S92j % Dbl. On Saturday
there were sales of 100 bbls comon HeTapd street g5
Extra at S9@9.25 200 bbls choice DO. at SgoOgs Pa
$50 bbls common Western Extra at $500, ana IU0
bbs choice do. at $3.50 q Dbl. We quote to. day as
follows, viz: Howard street at S8@S69 for Su-
nar: Sa@95O for Extra; Sl2@l250 for Family;