The Daily Dispatch: November 20, 1860., [Electronic resource]

The Baltimore American of yesterday, writing of commercial affairs, under date of Saturday, says:

‘ Financial matters were rather gloomy to-day, and the market was evidently more feverish that it has been for a day or two past. The money market continues very stringent, and it is with great difficulty that even strictly first-class paper can be disposed of. Our banks continue to discount to a moderate extent. Gilt-edged first class paper may be quoted at 1½ to 1¾ per cent; but capitalists. as a general thing, are not disposed to invest, even at these high rates. The market for breadstuffs was again very heavy, and in order to effect sales, a further decline was submitted to on the part of holders. Grain of all kinds was also dull and drooping, and there seemed to be less demand for export to-day than has been the case any day for two or three weeks past. Nothing whatever done in any other branch of trade.

At the Stock Board to day there was quite a large business done, the sales adding up nearly $125,000 Railroad stocks were pretty active, but the market was decidedly weaker. The sales of Baltimore and Ohio foot up 1,470 shares at $56½ down to $55½ cash and the opening, but they closed at $56 bid, $56½ asked, a decline of $1 on yesterday's closing rates. Since the Board closed, we learn that several hundred shares were sold at $56 Northern Central gave way $1, with sales of 1,100 shares at $14 regular way and buyer 3 days, and closed at $14 bid, $15 asked Canton Company declined ¼ with sales of 100 shares at $14¾ and $15, and left off at $14¾ bid, $15 asked. All of the Mining stocks show more firmness, and there was less disposition to force sales. Loans were pretty active, some $10,500 Baltimore city 6's having sold at $96¾ down to $96½ for 1890's, and $95 for 1875's. Railroad Bonds were quiet, and rather heavy. The New York stock market was very heavy to-day, and most of the leading stocks gave way. Virginia 6's sold at a decline of 7; Missouri 6's at 2¾; Erie Railroad at 1⅝ New York Central ½; Reading ½; Galena and Chicago 1¼, and Harlem ½, closing heavy.

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