Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1865-12-28
WEDNESDAY,. December 81, P. NJ.

WEDNESDAY. December z, Z. NJ.
Stocks generally were dull to-day Seven ThirtieS
being the only stock on the list in which thera was
any appearance of activity The market a whole
was however steady. There was very little done in
Gold the sales being confined to one or two small
lots of mixed at the first Board at AS but Gold closed
at the second Board at i54 bid, 1857 asked regular
way, these iigures being an advance Of = on the
closing quotations of yesterday.
Governments were strong, and Seven Thiries were
pretty active, the sales adding up about $4,000 al
gsl4@9sl for first and 9S@9S4 for second series
Five Twentes sold 10 for second issue, IN advance
of % on the price bid yesterday, and they csGsea
strong at 10l bid, 1917 asked for second, and 1907
bid 1Ol asked for third issue Seven Thif;es left of
Mt So bid 9S35 asked for first and 9S bid 9S4 asked
for second series.
The only sale of State Stock to-day one O
$4,000 Maryland 1870 6s at 1917, but 50 bid !ol
Virsinias 49, for MssouriS, and SO for Tennessee
Baltimore city SIS were firm, but nothing was done IN
Them They closed at 96 bid for 1S70's, 97l4 bid fo1
1865, and 100 bid for 1905, all exdivdend; 1875
closed at 1907 bid l02 asked dividend on.
There was some movement in Baltimore and Ohio
Railroad sales of IS shares being made at $llllI il
closed at Sill bid. Northern Central closed without
sales at $40 bid S4l34 asked, AID City Passenger at
S2OA bid. In Railroad bonds there was no move
ment, but Baltimore and Ohio closed at 1907 bid o'
IS75s 100 bid for 1855 Northern Central 1855 at
80 bid Marietta and Cincinnati bonds at So bid, and
Northwestern Virginia FIRST mortgage at IS bid, 9Sl
asked.
In the Miscellaneous list there very little done
Bare Hill sold at $780, buyer go and closed at S5C
bid regular; Baltimore Chrome bought at $l@1.to
and Pennsylvania Oil at so cts. Santa Clara closed
without sales at S104 bid, SID asked; Petroleum
Stove at SlG4 bid, Sl112 asked; and Bankers and
Brokers' Telegraph Company at 500 bid, SOY
asked.
The National Exchange Bank of Baltimore have
declared dividend of per cent the original, and
of per the increased stock payable after the
4th of January, all taxes paid by the Bank.
The loan market continues comparatively easy
Money is offering very freely call at 6G7 cent the
transactions being chiefly at the inside figure First
class commercial paper passes at q cent, but for
second class the rateis still loo Il y cent
In New York to-day Erie advanced ~ New York
Central q; Hudson ~ Michigan Southern ~ Pitts
burg a; but Reading declined "a Michigan Central
4; IIlinis Central y; Toledo u; Northwestern pre-
ferred p: Ohio Certificates y; and Marposa r. Can
ton, Cumberland. Rock Island. Fort Wayne. Quick
silver, and Northwestern Common closed at the
figures of yesterday.
At New York money is easy on call and some loans
are reported at per cent upon Government stocks
There is small demand from stock houses and they
pay per cent Commercial bills are more current
but rates do not improve much; best sell at 799. and
second grade at l0gl5 per cent.
The Tribune under date of the 18th, speaking OF the
stock market, says the bus mess in railway shares
was moderate and at low prices for the list generally
The market is oversod upon all the active stocks
and its whole strength derived from purchases tc
cover short sales The bulls have yet the advan-
tage of n good supply of money call, and yet
show no desire to sell under the reduction in earn
ngs which is proceeding So rapidly as to make con
tnued dividends out OF the question unless borrowed
The Northwestern road has already passed from the
dividend list after swallowing the entire stock of the
old Galena road. The street is full OF stocks under
and for which there little invest
ment demand as ever known. After the shor
interest is carried upon more active money mar
roads
The New York bank statement, is very favorable
and shows large increase in legal tender money, bu
there is disposition by banks to make long en-
gagements. An impression prevails that at an early
day the Treasury will propose to fund its temporary
loans and one years certificates.
The following shows the condition ofthe New orl
City Banks
PSI: 5 ss Rss 81 Ines 7s7s
Tircuaon. ,llS,52i725 lssSl25 Inc: g 6l
Legal Tenders. 48SS7.556 5S.S9l $40 Inc 5,003.96
The New York Tribune says:
The report of the Erie Raj way Company is no
what investors looked for. but it is as good as an!
ings is large, but the advanced expenses have NOR
II than absorbed them, and upon a gain in traffic o
S2,.49O94 there is decrease in net income, as com
pared with 1864, of S393l3l.
ERIE RECEIPTS AND EXPENSES Fiscal YEAR,
1861 1865. Increase
Receipts .....S 81, SOL ,4sO $153OO574 S2,74 ,O9
EXpenSeS.....,...... S,Uoi,i0j lZ,gU,ZSl 5,l42,02
Net income. ......... s8493,7g s3,1oO298 $780,, AZ
While this deficit in net income is shown the stock
funt, ed debt and floating debt have all increased, a
shown by the following table:
STOCK, BONDS AND FLOATING DEBT.
1864. 1865 Inc
Stock .........$ 24 22S, 500 80, 935 800 $T07 90
Bonds ........,..... l7,S22,900 lS,2S5900 52T 90
i, Debt - - 4,24567S 4,245 81
Total ,o5l. 90 Si7.467,37S $5,497,67
Or an expansion in its cost Oh S5,479'67S in tn
year.
The freight loan is yet to be brought int the
pany's figures, but they will not be improved o. IT.
The corporation steadily in its earnings, bu
its cost increases still further and dividends pait
from borrowed money, as was done when the $4,000,
600 common stock was taken.
The specie exports from New York have been
since January Is, 1865. S296s9Si2:
Same time O. $40 IL, 955 Same time 005, IS