Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1865-11-21

MONDAY, Nov, 20, P. NJ.
Government securities were in fair demand again
to-day, and further advance was established both
in 5-2O's and 1-30s but for stocks generally the
market was dull and rather heavy. Gold was lower,
and but limited business was done in it, the sales,
all ofwhich at the First Board adding up about
$780, at 1867 seller So and At cash. At the Second
Board HI was bid and IT, asked, but no sales were
made.
Governments much more active than any
thing else the list the sales reaching about S} 600:
5-20S were = to Il better, first issue selling at 1925,
and second issue at lO0]- first issue closed at 102
bid, 1927 asked and second at 1907 bid 1901 asked;
73OS, which appear to have been the favortc among
the Government issues to-day. were also \ to 4
higher. first series selling at -; second at o. "a
97l, and third at o. At the close ~ was bid and
We asked for second series. For IS Of 1851 1857
bid but no sales were made. These bonds have luc-
tuatcd very little recently.
Nothing whatever was done in State Bonds, and of
City 6'S the only sale was one of SOL 1875 at so l.
City 6s closed, however at 1871 bid for 1855, and
1907 bid for 1905. Railroad bonds were also very
quiet, single lot of $1,000 Marietta and Cincinnati
bonds at SilI, comprising all the transactions Rail
road shares were steady but very quiet one or two
small sales of Baltimore and Ohio at SIP being all
that was done in them. OF Bank Stocks the only
sale made was one of 10 shares Marine at 81.
In the miscellaneous list the business was small
and the Mining Stocks were, almost without exccp-
ton, quite heavy Bare Hill sold at S2@ 205 Balt-
more Chrome at Sl25 and $l.2O Atlantic Coal at
Sll2 Mineral Hill at 80 cts, and Pennsylvania Oil at
60 cts. Bankers and Brokers' Telegraph was
stronger, selling at $ltAI, and closing at 500 bid
ST asked. Santa Clara sold at S12@1215 buyer 90.
and Petroleum Stove Co. at Sl2l4@l22I at the First
Board, and $l2}s "a 1215 at the'Second
Money continues in active demand and it is diff
cult to place anything but the very best grade of
paper. Discount rates arc unchanged the minimum
rate for best paper being = cent and the range to
II 4 cent for good mercantile paper.
In New York to-day stocks generally were higher
Reading advanced \; Cumberland 4; Michigan Cen
trail Sl2s Michigan Southern \; Toledo ST. Rock Is
land s; Fort Wayne <; North Western :. and Ohio
Certificates ~ but Canton declined x; New York
Central =; Erie IL Pittsburg /, and Illinois Cen
trail 81. Marposa after selling an advance Of 81
on Saturdays price, closed at i under the closing
price that day. Prairie du Chen lately the prin-
cipa speculative has almost gone out of sight, and
is now rarely mentioned.
The New York T,fJuao says:
Money on call is reported more abundant and bal
ances have been loaned at s Z cent. The general
rate Is cent, with careful scrutiny of coaterals
The chief object with lenders is to get short obga-
lonS, SO as to keep their money where it can be at
once recalled. 1t Is generally believed that the Sec
rotary of the Treasury will soon make another at
tempt at funding redundant currency in the form of
salabe, and high rates are made As long asIendcrs
can make sag Z cent. upon Gov emmcnts, there will
be an abundance Of reasonably good private bills at
IA I cent. a month, with call loans at ? cent.
People who are anxious to have another period of
speculation and to acquire sudden fortunes at the
expense Of the permanent interests of the country
must not be deludcd with the idea that such state
OF things Is t0reshadowcd by the returning ease on
call loans; The entire country is being drained to
produce this result and all the commercial centres
quote money dear Cheap money on call at this mo-
follow the lead of the Treasury Department The
Secretary and the President mean to make the cur
rency nearer gold, and the fewer debts people owe
Just at this time the better.
The Chicago Tribune has the following:
Nearly all the Boards of Trade and Chambers of
Commerce in the country have passed resolutions re
commenting Secretary McCulloch to pursue his po-
cy of general contraction of the currency. This
question will come before Congress this Winter and
a strong effort will be made by Wall street specmla
tors and Eastern bankers to override the Hon Sccrc
tary of the Treasury by urging the passage of an
amendment to the Banking Law, increasing the issue
state of affairs, commercial men are undecided what
TO do. They afraid TO buy lest the currency be
are afraid to sell, lest an expansion take place. in
which event prices would advance. 1t is this, more
than ANYTHING else, which is at present paralysing
the provision trade, and preventing active operations
IN beef and pork, and all branches Of trade are be-
ing similarly affected though perhaps not to the same
extent.
The shipments ofspece from the port of New York
last week, and since January l. compare as follows
with the exports during the same time last year:
Forty-sixth week .........S1, SIS i65 Sl.0lG.4s5
Previously reported. 40,636,99S 255223Ol
>, Total 163 S2632, 1856
Excess in 1864 Am. ...,,.. Is $40 AZ
The following National banks have been author
1865: 49,
The National Exchange, Kingwood W. Va 100000
First National Danville, Na.......... 50,0O0
First National, Jackson, Miss....... 100000
Total capital. .................. $3.50 eco
PREVIOUSLY authorized SOB 491 500
The whole number of National Banks
now authorized is 1,6l0, with capital
..;...,.:. $40, III S93
Amount of circulation issued to the Ma
tional Banks for the week ending Sat
urday, November IS, 1865, is stated at S3SA7 15
241l1 S15
I'll SILL 956, $50
The followings banks have been designated by the
Secretary of the Treasury as additional dep0sitorcs
OF the public money: Second National Bank
Leavenworth, Kansas, and Atlantic Bank. New York
city. ~ " 0iN
baltimore Markets, November 20, 1865.
COFFEE:-We are again without transactions to
nfn Gfnf nd