Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1865-11-07


Mil. and Prairie du Chienl@, IG2 ,3;;.:
asG ifdD S nSrff crrc Tauic: SS9 l AZ lon
Ohio and Miss. Cert. 900. ....
Tone of Market..............Snong. Firm. Strong.
MONDAY. Nov. 6. p. NJ.
There was a moderate business done at the Stock
Board here to-day in dividend Stocks, but the fam
cies were neglected, and the market as Il whole was
tame and spiritess Our market offers but few in
ducements to operators in fancies. and that large
class turn their attention TO NeE York, where there
is field wide enough for the most desperate.
Gold continues TO advance. II sold to-day at ii7@
1474 the closing sales being at the inside figure and
it left off at al bid, 1873 asked. The transactions
in it were small, the total sales amounting TO only
about $4,000. Governments were III fair request. but
prices show slight decline; 5-2GS sold at the First
Board at 1929 for first ISSUE and l0l for second but
at the Second Board second issue sold at l0l4 70s
sold at 9973s for ID series, and they closed at 97l
bid 97I% asked for LIST series 81 = bid, and 90
asked IS Of 1881 closed without sales at I0s bid l0l
asked.
The only transaction in Stale Stocks was n sale
made at the Second Board of $1,000 Missouri 6s at
IT, For Maryland IS 100 was bid. and Missouri
closed at II bid and North Cardinals at IS bid. City
IS were more active than for time past several
lots being sold 9s2 for 1S75s and 1OOl& for 1885.
Railroad bonds were quiet the only sale being one
of s. 900 Western Maryland guaranteed at 100, but
they generally steady and firm. Railroad
shares were also quiet, Baltimore and Ohio selling TO
the extent of IS shares at Sl2 and closing at $ll2
bid, Sll2 asked Nothing was done in City Passenger
Northern Central. the former closing S2lI bid,
2l13 asked, and the latter at S43 bid Si5 asked In
Bank Stocks the only sale was of shares Mon
at SIS.
In the miscellaneous list the transactions were
small in comparison with what they have been for
some time past The sales embrace 800 shares Bare
Hill at S22O cash. and 1925 buyer 80, 5000 shares
Pennsylvania Oil at 20 cash. and - cts. buyer 80
and 500 shares Maryland Copper at Is cts. Santa
Clara Mining closed at Sll bid, S13 asked and Ban
kers and Brokers' Telegraph atlSlO bid S11 asked
We see no change TO note in the condition of the
money market There is an easier feeling than there
was week ago. but the demand is still active. and 9
a cent continues to be the general rate for best en-
dorsed paper, although some negotiations have, we
understand been made at S = cent Call loans on
prime collaterals can be made at I cent.
In New York to-day. the Stock market has
exhibited some most extraordinary changes: for
instance, Prairie du Chen opened according to
the Geographic accounts at Sl25, an advance
of $40 on Saturdays price, and went from
that point up to $500, dropped to Sl65, and
again advanced to $3.50, ana Alton and Terre Iaute
which sold on Saturday at S4S12, went to-day up to
SIS, unless the telegraph was in error. Of course
these changes could be the result of nothing but the
most desperate and reckless gambling In the other
stocks the list, the changes less extraordi
nary, but in nearly all of them there a large adj
vance. Canton advanced S2ss; Cumberland Sl1@; New
York Central ST. Erie $27s; Reading 81; Michigan
Central 81; Michigan Southern S6"s; Cleveland and
Pittsburg SIPS; Rock Island q; Fort Wayne S23i;
North Western S134; North Western Preferred S1l4,
and Ohio and Mississippi Certificates 81.
The New York Tribune says-The impression is
universal that the Treasury Department and Con-
gress will unite not only in refusing to increase the
National Bank circulation but in funding the redun-
dant currency under which business is reduced to
level with gambling. The last statement of the
circulation of the State banks dispes the illusion that
the increase of National Bank notes is an absolute
addition to the currency instead of partial substi-
tuition, and only few months more will be required
to put all State circulation out of sight leaving the
legal tenders, National notes and interest bearing
legal tenders in the field Thr capacity of the coun-
try to consume and pay for imports warrants the Sec
giving him the means of paying the interest
upon 81 ,5OO,OOoOOo OF. gold bearing, debt or
Statements 0ne-haif this sum funded from the cur
rency, and the remainder absorbed by the temporary
loans and one year certificates, will take the Govern
men far towards the resumption of specie payments
1t will force oyertraders to contract and sweep from
existence the fortunes made by SPECTATORS upon the
distress of the Government during the Rebellion but
that is reason why it should not be done, but a
good reason for it, Congress will soon be in session
and the less the people owe the better until its tenn
per and that of the Government ascertained
through the message Of the Treasury Report
The following is statement of coinage at the Mint
of October, 1855:
Gold coinage i5,so6 s2S6 S;se
Silver at 16 sos $SSS5.l:
62,SO.O
Total 3315617 S367 900 o.
The Chicago Tribune of Thursday evening says:
The money market remains quiet, but close. There
Is less strngency felt IN the market but this is at
rbutabe chiefly to the fact that trade is
active, and the demand for money is not great
There : N a abundance Of prn1nep nAor
ing but the bankers are generally ignoring it, unless
accompanied by shipping bills. Mercantile paper is
10 per cent. per annum. The private bankers are
disco4ntlng produce paper at l12@2 per cent per
month.
The Cincinnati Gazette of Thursday (evening) saws
The money mar kct here is comparatively quiet and
nominay easy but how long it will remain so it is
impossible to say; The ease that prevails results
from very moderate demand, therefore we call it
nominal Were the demand to increase We should
have stringency, and the degree that would be at
o be IN @ %rua be by the extent
enough now to keep things easy while the demand
Tor loans Is hight, but no more and even this supply
was drawn down somewhat to-day by the country
depostors. This being the situation the public can
form correct estimate of the financial situation and
VIII experience no difficulty, presume, in account
ing for the reluctance Of bankers to lock up currency
either IN commercial paper or securities. Lenders
eei t fd their own comfort depends upon keeping
hrmness in the rates of interest in the face of COM
parativey light offerings Of paper. The quotations
and lOGl5 for 30 to GO day paper good names Offer
ings are scrntnizcd closely and names not clearly
good are negotiated with difficulty
The return of the Bank of England for the week
ending October IS. gives the following results when
compared with the previous week:
Increase. $50 53S
Public deposits. 1859. 563 Decrease. ISL
Other deposlts.." liOl3,bl4- Increase. 507, 1l6
On the other side of the account:
Covenant securities 60 1876 AT Decrease f572
Other securities q Al 2S3 Decrease. 1853, 1913
Notes unemployed. 433 6600 Increase. Il. Ass
being increase of f6Of; and the stock of bullion
In both departments is f12,1S9,95S, showing in
crease of f53.6l2 when compared with the preceding
return.
The Bank of France return for the week ending
October 49, shows the following changes compared
With the previous accounts:
Frames