Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-01-12
BY TELEGRAPH.
Furnished By Leonard j. Tormey d Co., Stock and BIZ
Brokers', No. % South Street.
January II 1856
THURSDAY. Jan'Y II. P. NJ,

THURSDAY, Jan'y II. P. NJ.
There was no material change in stocks here to-
day, but at New York the market broke down Sc
riously, the principal Railway Shares falling of in
prica from 81 to = share Gold continues irregular
and unsettled. but the market for it is weak and the
general tendency is downward. 1t sold at the First
Board at 1884, 4 under yesterdays price, but at
the Second Board it brought l3S7sGl39 and closed at
1887 bid, 1872 asked. The sales ut both Boards add
up about $4,000.
For Governments the market was strong, without
being specially active. Fve-twenties sold al 1O4 for
first issue. 1Ql24@l02 for second Seven-thirties at
s&9S}a for second and third series, and Ten forcs
at 9314, and for all issues the market closed FIRM.
Tho sales, which were chiefly of Five-twenties add
up about 49, 900.
There was nothing done in State Stocks, hut there
was some inquiry for Baltimore City 6s and VIC note
sale Of $1,000 1905, at 1929 an advance of Il
Maryland IS closed steady at 800 bid but Missours
and Tennessees were lower, the former closing at IS
bid against IS bid yesterday and the latter at S. bid
against S1}a bid yesterday. In Railroad bonds the
only transaction sale Of $3.50 Northern Central
1855. at 81 and in shares the transactions include
only lot Of 200 City Passenger at $685. ex-dividend.
Baltimore and Ohio shares closed at $40 bid Central
Ohio at $751; bid, and City Passenger at S19l3 bid,
81 asked exdiyidend.
In the miscellaneous list there was some little
movem ent but most of the stocks On il were heavy
and depressed, Santa Clara sold ut $91%, de-
cline Of 81 from yesterdays price; Baltimore Chrome
at 50 cts, decline Of Is cts; Mineral Hill at 50 cts,
and Bare Hill at $l.40Gl35; Copper Hill was offered
at 95 cts, but bid made for it. small lot of
Georges Creek Coal and Iron Company sold at 81 Q6
at which figure it closed firm.
The demand for money continues limited and the
loan market easy. There is but little paper offering,
and rst-class can be readily placed at cent. For
secOnd-casS the rate is, however, i0@l2 per cent.
Money continues to DO offered very freely on call at
a. P cent.
In New York to-day Stocks generally declined
heavily. New York Central fell of 50; Erie S31s
Hudson S2]s; Reading SIS; Michigan Southern $22s;
Pittshurg $685. Rock Island S215; Fort Wayne $35s
Quicksilver SO; Northwestern Sl@s; Northwestern
preferred Slsi Canton y; Cumberland Sil3 Ohio Ger
tifcates a, and Mariposa T.
At New York money is abundant on call at 6@7
per cent houses in good credit and upon borrowed
stocks very low interest is allowed Commercial pa
per sells at 7@9 per cent, and is in more demand
For Second-rate bills the inquiry is moderate. EE-
change is quoted at l0S@lO9 for leading sterling at
60 days; Francs 5.lTt595l5.
The amount Of specie in the banks and Sub Treas
ury at New York on the LIST of January was, accord
ing to the return OF tia 1ans anu tLe report o. Inc
Sub-Treasurer, $53,6S0,97i but doubt is thrown on
the accuracy Of the Official statements by the fact
that the banks count the coin certificates issued by
the Sub-Ireasury as gold, while the Sub Treasury
counts the gold represented by the certificates. At
the corresponding period Of 1865 the banks and Sub
Treasury held only $30054. $50 During the year We
received from California 81 1856. and from foreign
ports So, l37 oil. and exported S30.005.683.
The New York Tribune says To illustrate the
truth Of our argument in reference to the probable
decrease III railway earnings we give the December
results of various railway lines below:
Chicago and n. Western 1865. 400 $S466O9 ZIG rol
Michigan Southern .,........ $685. 9l 366I92 81 500
Chicago and Alton. 24I $50 221 90 l7560
Michigan Central ,......... 476 $50 39SS69 47601
Fort Wayne. .,.,....,....... t6703t 57l0O0 96934
Illinois Central ..... 603 4O2 497 400 1OSO00
Thee results, in a month which from late omen
navigation should have given increased earnings,
show that radical change in railway business is
commencing. 1t would, in fact, be extraordinary
if changes such as have been produced by the war,
should not operate to reduce business somewhat in
the ratio rs they increased it. Water transportation
by the MssissnPi, and the loss Of Government bust
ness must, combined. reduce railway traffic. It
scarcely admits Of doubt. therefore, that the rail
way returns of 1856 will make very poor compare