Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1865-10-27
BY TELEGRAPH.
Furnished jp Leonard J. Tormey d, Co.. Stock ond BIZ
Brokers. No. p South Street.
October 26 1865.

BALTIM O Il +. NJ d.



Gold weaker to-day. the figures showing fall
ing off in Of = per cent. The sales which foot
up about 5000. made at ijaljl regular, and
liia seller 10. and il closed rather heavy at is bid
1855 asked only small sale was made 1T the
Second Board
Governments were i'll quite active demand partcu-
Larry 1906. and for the whole list the market was
firm. Old 52us sold Al los, which is less than they
brought yesterday; but new sold at lOll J. an advance
Of Il. 7$os Were y to 3 better than on yesterday.
ID series selling 9-asa972. lot of $1,000 small
st series sold ii 96a, but large of the same Sc
licS would have brought J. To per cent. more
lo-ios sold at t42, which the price bid for them
yesterday. The aggregate of the transactions in
Government securitic, to-day upwards Of $50 900
There inquiry day for State Stocks and sales
made of y coo Virginia IS at 10ii and 81 900
North Carolina g. at 81 Baltimore City 1890 is sold
at 1901, Baltimore and Ohio 1885 bonds at 100 and
Marietta and Cincinnati bonds at s. Northwestern
Virginia first mortgage bonds closed 81 bid, go,
asked and Northern Central 1850 bonds at 50 bid 50
asked There was nothing done in Railroad shares
but they steady and firm at previous quotations
There further decline to-day of half dollar in
bankers and Brokers Telegraph. 80 shares being
sold at l0l2 1t closed at the Second Board at Sl0l,
bid, SD asked Santa Clara continues very heavy il
being offered again to-day at 81. with only 50 bid
for it.
There was further heavy decline to-day in Bare
Hill Mining Company. but the case on yestcr-
day the market nuctuatcd considerably. It opened
ut $3.50 and fell to s. 10 but rallied again and closed
with sales at 500 regular. and SD buyer 3D. The
sales o.thiS stock to-day add up about 5000 shares
Baltimore Chrome 10 to - cts better to-day, sell
ing to the extent ofabou 1000 shares at from 81 80 to
Sl65, the closing sales being AT the latter figure.
There is no change that we can see in the condition
Of the Money market. certainly no change for the
better. The demand continues very active. but par
ties in good credit succeed in making up their ac=
counts. The general rate for GrSt-clas> paper is
Per cent, but some negotiations arc making as high
as 10 per cent.
In New ork money continues in active demand
the stock houses being large borrowers at per cent.
Merchants ready borrowers al Bank and the best
managed institutions have quite as much as they can
do to provide their dealers with money. Few names
pass at the discount houses at per cent. Strong
names be had at SAP and good at lOul2 per cent
Exchange, under increased exports is dull and
best names are quoted. nominally, 100 for 80 days
sterling, and l0Sti for Southern bank bills. Mcr-
chants bills are l0SalOsi.
The New York Tribune has the following in its mo-
ncy column, To the sentiments expressed in which We
heartily assent:
There is an uneasy feeling in regard to the future
ol the money market and long engagements uvoi-
lied by lenders. The reduction in the currency
through the funding system has alarmed spectators
IN all directions, and it needs nothing but persistent
dctiun Ill l> form 10 place the Government III pO-
SltOn TO resume specie payments. very large class
OF banks which have contracted and stimulated spec
ulatIOn IN all departments of business, the whole
army of spectators trading upon borrowed money
and the debtor interest throughout the country,
clamoring against the conservative policy of the
Treasury and entreating for delay hut TO their re
monstrnnce the Secretary should be deaf and Contn-
the policy which will restore the currency o
the country to an equality with that of the great
commercial nations of the world with whom are
in such close connection.
The custom receipts warrant the Department in
funding hundred million more of compound notes
and certificates, and the it is DONE without
waiting the ary action of Congress, the better. This
mode of relief is open to the Treasury, and will be
more efficient than any plan which Congress is like
~ to sanction. There Is no reason to suppose that
the new Congress will show any more courage in pas
sing laws 10 reduce the currency than the Congress
q" lS606l had in passing laws To prevent the use
ot the Hood of paper money upon which people are
now so insecurcly Heating. If the Secretary will fund
S2OO,0OO,0OO of currency. and steadily oppose all en-
largemcn of the National Banking law far as cur
rency is concerned he will shorten the road specie
payments. II he does this prices must everywhere
steadily yield until they are brought point where
the PLAIN legal tenders tSl00O00U00 and the author
Zed National currency will suffice for the whole Union
1t would force the crops 10 market as first step and
no one would be found hardy enough To speculate for
an advance in the face of Il contracting currency.
The New ork exports exclusive of specie for the
week ending October % and since the beginning of