Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-02-03
ERInA1. Eel %. P NJ

FRIDAY, Feh. ID, P NJ.
Gold was steady to-day at the figures Of yes terday,
the sales which were small, being at 1i0 regular way
and 1897 seller 10 days. 1t closed regular way at
1895 bid no asked. Cash Gold is scarce, and is
likely to cont nue. 50 until the Government comes
into The market seller, there being it is said,
fifty millions in the Sub-Treasury at New York,
with daily accumulation of,probably half mil
lion.
For Government securities Of all issues the market
was strong, and -Thirties were quite active,
sales Of some $685. 600 of second series being at gao
991s. the market for them closing firm. Five-Twen-
ties quie but firm at yesterdays figures. first
issue selling at 1929, and second and third issue at
1929 skies OF 1881 closed without sales at 1881 bid,
1O4 asked Ten Forties at 90 bid. 934 asked. and one
year Certificates at $50 bid, 80 asked.
We notice sales of $1,000 Missouri SIS at 76}I, and
$1,000 do Pacific bonds at ~ which comprises all
the transactions Ill State stocks Baltimore city IS
show an improvement of 4 to 2 per cent, 1905
selling at 10034@10l, 1855 at 1864 and 1865 at 80
Railroad shares and bonds quiet, there being
movement in either to-day. Shares closed at Sll2L
bid. $ll3 asked for Baltimore and Ohio; 43 bid
for Northern Central and 1734 bid for City Passen
ger; and bonds left off at 971a bid for Baltimore and
Ohio 1885, 842 bid, Sc asked for Northern Central
1855 and SO bid SIS asked for Marietta and Cncin-
natl There was some demand for Bank stocks. and
and few lots were sold at $40 for Peoples $ll2 for
Howard. and S1lA for franklin.
There was some business done in Mining Stocks
to-day but there activity in them. Bare Hill
sold to the extent of 1000 shares at $15 Springfield
Mining Company brought 20 cts, and Pennsylvania
Oil 65 cts. In Liberty Copper there was marked
Improvement lot Of 900 shares selling at 50 cts
This mine has it is reported recently produced ores
superior in quality to any ever mined in Maryland
and this report has doubtless occasoned the improve
ment in the stock.
Money continues plenty, and the market forit easy
Call loans are q cent. and commercial paper ia
quoted at s 2 cent. for frstcass and lG@l2 p cent
for second-class There is, however, but little
Inercial paper offering on the street.
The foreign exports from the port of Baltimore this
week amount in ralue to only $685.. and the for
eign imports to only S90.572.
The New York stock market this morning con-
tinued weak under the influence of the Report of
the House Committee on the Loan bill, and at the
10 o'clock call prices all lower with the single
exception ofpittsburg which was 81 against 81 4 late
last evening. Supposed combination in this stock
render it impossible to form any definite opinion as
to its course While other stocks wayered through
out the day find Pitsburg steadily advancing with
considerable transactions the price after the LIST
regular board ranging about So at which cit closed
Erie fell of Under pressure of sales at the opening,
to 7S, and so persistenty the stock offered that
bids became scarce, and at o'clock it fell to
1913. Michigan Southern, after being 6s3z, took
sharp upward turn, raising at the first regular board
to 6S12 The advance sustained through the next
call bat 1t subsequently, declined to 6S3 the closing
quotation. AT present prices these last mentioned
stocks will hardly bear comparison Erie which has
for some time past been paying to per cent diy-
dends is to-day 76s. while Michigan Southern non
dividend paying stock is 6S4 and if the same cause
which affects the prices of Railroad securities gener
ally operates equally upon them Erie must certainly
be by far the cheaper stock if even Michigan South
ern is considerably above its real value
At the close the market exhibits a considerable
degree ofrreguarity and the prolonged uncertainty
OF financial matters gives nospeedy hope of much re-
covery, still, latest adyces by telegraph report
moderately active market. Notwithstanding this
dropping tendency. Governments We're firm through
out the day and in fair demand-5-2Os being l03II.
Gold opened at l40 but shortly after II o'clock de-
chned to lao. after which it advanced to 14O15 So
great was the scarcity that 316 and in some cases
= cent was paid for use till to morrow. Money is
still plenty. although in better demand at p cent
kils tone of the European news by the Africa had
reaesu.tlE effect with regard to the state of the
British MONEY market the increase of fI44 600 in the
bullion in the Bank IF England Indicating reurn-
Ing ease. and probable reduction very soon of the
rate Of discount. Consols show aa Improvement Of
q upon the previous advices. Five-twenIies were