Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-02-07
r.
Furnished 5y leonard J. Tormep d Co.. Sock and BIZ
Brokers. No. q South Street.
February g. 1866

February 5. 1866.

The stock market cor tinues inactive and we no
change to note in its general condition. Gold was
somewhat lower, and Governments fraction higher
for some issues but most of the stocks on the list
steady at previous figures. Gold sold at 1920 1885,
and closed at 1885 bid, 1897 asked
Five Twenties were = to i higher first issue sell
ing at 1884, and second at 1929, and they closed at
1885 bid. 1857 asked for first. and 1927 bid. 1925
asked for second and third issues. -Thirtes
were firm. second series selling at 99ls and third
series at 49, Skies of 1881 closed at 1881 bid 10i
asked Ten Forties at o. bid, an advance of u per
cent, and Certificates at 9S1z bid, 1871 asked.
The only transaction in State stocks was sale of
$1,000 Missouri Gs at III, Tennessee's were not as
strong as on yesterday, being offered at S94, with
only SS2l bid against so bid on yesterday For
Maryland SIS 100 was bid, ard Nrgina's closed at s.
bid IS asked. Baltimore city 1890 6's sold again to-
day at 10. and closed with this figure bid. For rail-
road shares there was some inquiry, and Baltimore
and Ohio sold at Sl12l& regular, a1d $l13 buyer So
and City Passenger at SIS buyer 10. For Northern
Central SAB was bio, but ne sales made. Rail
road bonds were again quiet, the only sale made
being one of $1,000 Baltimore and Ohio 1855 at SO
Northern Central 1855 closed at 81 bid S5$s asked
and Marietta and Cincinnati bonds at 50 bid S2ai
asked. Bank stocks continue TO be inquired for, and
note sales to-day Of 10 shares Third National at
1909.
In the miscellaneous list but little business was
done, and the Mining stocks generally heavy.
the only exception being Liberty Copper, which
closed at IS cts bid. 81 asked. Bare Hill sold at S0
and closed with only 81 bid; PENNSYLVANIA Oil at 500
81 cts and Mineral Hill at 10 cts. sale of 50 shares
National Express Company was made at $50 and II
closed at $50 bid 50 asked Bankers and Brokers'
Telegraph Company closed at $50 bid, $40 asked.
There IS change whatever to note in the condi-
ton of the money market The supply of capital
seeking investment is large. and there is but little
Al Te1
and first class commercial can be readily placed ats
per cent.
The stock market in New York opened firm. and
throughout the first call prices were we'll sustained.
New York Central, Erie and Hudson were a shade
above last nights prices. Some degree activity pre-
vailed and the mark Ell looked firm. but at the FIRST
regular Board Pttsburg declining, under heavy sales
to 500, carried the rest of the market down. Oflste
so sensitive has the market become that any per-
ceptbe buV or bear movement in one stock has been
sufficient to cause q sympathetic feeling through
out. AT the O'Clock Board the same decline con-
tinued, and during the afternoon Pttshurg fell to g.
making total difference of "a per cent since the
morning. At the close the whole list was heavy,
with the exception of Cumberland and Canton, the
latter advancing per cent, probabl, in view of the
meeting Of directors to be held in this city to nor
row. As regards the advance in Cumberland but
little has transpred in relation to its cause.
Now that many of the leading Stocks have f,llen
10 to IS per cent, it should be borne in mind that
consequence the falling OFF in the receipts of the
roads is decrease in their expenditure and although
the one may not be fully propOronate to the other
still the decrease in expenditure will have its effect
the next dividends. The opening of the Misss-
sppi considered likely operate dIsastrously
against railroads. bnt experience has taught that al
ter the river has been open seven months, but little
produce freight has been sent down. and so far as
the New York and adjacent markets are concerned,
it is entirely predetermined Is the loss of time incurred
by the navigation Of the river and the sea voyage
from New Orleans, successfully compete
with railroad despatch notwithstanding the differ
ence in cost of transportation.
Southern State bonds were in demand to day. prices
being slightly advanced. Considerable amounts Of
unemployed capital have been seeking this channel
Cor investment of late, and foreign orders have
also been received for them. Government securities
were active, 520's selling at 1887, e per cent over
yesterdays rate. Gold dull during the morning
but advanced in the afternoon to 1899. The scarcity
somewhat abateG and the rate to-day for borrowing
was lie against 3-16 yesterday Money was freely
offered at per cent. on CALL and in many cases
brokers had large balances on hand which they
unable to use.
The New York bank statement shows an increase.
in loans Of two millions and decrease in depos Of
four millions while the specie has declined two mil
lions and the legal tend ers and half millions
The following shows the condition of the New York
City Banks:
Loan. 3s9 95sss s2 tsS Inc sa1easls
Specie. 10 l06,75q l0937474 Dec. 2j692S5
Circulation, 20,965,sSS 2l49l24 Inc. 59S$5
Rsss fsnd: 1 95s$i5 & SIS Re 5 &:
The New York Tribune says:
Money among stock houses is held at per cent |
and occasional loans made at per cent good
deal of capital is locked up in stocks but the daily
wants OF the street are small Commercial paper
does not increase in favor, and 7@7% is had upon
hre-proof names; good sells at S69 and ordinary
at 109l5 per cent. The bank statement is not favor
able to any decrease in the rates for money but the
reverse.
The same papersays
The loan bill comes up as the special order On
Thursday at Washington. and efectually checks en-
gagements for capital except from day to day That
the bill will pass substantially introduced there is
but little to doubt and still less doubt of the
ability OF Mr.. McCuoch under it to vigorously
toward specie payments
Exchange at New York is dull, and under the
pressure of an abundance of commercial bills tend
to lower rates. Bankers sterling, 90 days, is quoted
at los; Bankers sterling days, at 1857 l09s: Com
mercal at l0I9l07l2; Francs. long date at 25G5 2l
Francs, short date. at 5.20G5171a.
The interest on three hundred millions Of seven
18th instant, and the Sub-Treasurer advertises that
the holders OF thirty more coupons may send them
in at once for examination,
The New ork Life Insurance Company issued last
year o,l5o new policies, covering Sass, which
the premiums were over two millions of dollars The
assets of the company, according to the statement
Just published. amount to FIVE millions
The weekly statement of the Philadelphia Banks
made up the 9TH inst presents the following aggre-
gates as compared with those of the previous week
c,n;.,, s.oo, = }aG G5 r. 20 y Feb B., ;.o
oap 90