Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-01-24
TUESDAY, January 23d-P.

At tho FIRST Board to-day Gold was q to q per cent.
lower than yesterday the sales being at 1899 49,
but at the second Board it advanced = to q per
selling 1891 seller s. and 1898 buyer ?, and closing
at 1881 bid, 40 asked regular way At New York
the market was active at an advance yesterday :
rates. single sale of Si65 600 being reported to have
been made ut l39.
Governments continue quiet but firm. Five Tween
ties sold at l03 for first, and 102 for second ISSUE
and Scven-Thirties ut 991s@99l4 for second series
The transactions in Governments were limited, but
for all issues the market closed firm.
Nothing was done in State Stocks, but 1909 was
bid for Maryland GS and 81 for North Carolinas
Baltimore City Stock was inq uired for, and sales
made of enc or two small lots of per cents at
8G15@Sl and of s. 900 6s of 1878 at 1909. There
nothing done at the Board in either Railroad shares
or bonds. Baltimore and Ohio Railroad shares were
rmer S112heing bid for them: but Northern Central
closed on yesterday at 45 bid and S455 asked and
City Passenger at SIS bid and $40 asked For Cen
trail Ohio shares Sl5I4 was bid. There was but lit
tie inquiry for bonds but they generally steady
at previous quotations.
In the miscellaneous list there was fair business
done. Pennsylvania Oil being again the most active
stock the list the sales reaching 400 shares
65a69 cts, showing slight decline. Bare Hill sold
at $1o@l LIS, closing at the inside figure. Baltimore
Chrome at 50 cts Springfield at 70 cts and Maryland
Copper at IS cts
We see no change to note in the condition of the
money and loan markets. There is very little paper
ofany description offering. and first class can be very
easily placed at S g cent. Call loans may be quoted
at 2 cent, but the amount of capital offering oil
call is largely in excess of the demand.
The New York Stock Market to day opened weak
after tho closing decline of Monday, notwithstanding
the bank statement shows increase of 81 1872 100 in
circulation.
The decreasing earnings of most of our railroads.
and the promise fcontractiOn in the currency begin
10 tell vsiby upon the speculative and intrinsic
value railroad securities; and the inevitable con-
clusion to be drawn from this is that they must de-
cline in price. The fall in Pitsburg and Michigan
Southern have in some degree given tone to the
whole market, but in view of Secretary McColloch's
bill coming up in few days. stocks have been put on
the market which might otherwise have been held
with such an abundance OF money and easy rates to
borrowers.
With the rate of discount at the Bank of England
per cent, we may look for some considerable
amount of Erie and Illinois Central being sent over
to realize in New York, but whether they will be
taken by the ready large holders there is matter
of conjecture. In the afternoon the market rallied
owing in a measure to the bears buying in their
shorts, Pittsburg being the strongest on the list
Gold opened at 1885 but to 1897 in consequence
of the increased demand for customs. and closed at
the latter figure. Money early in the day was loaned
at per cent, but towards 2 o'clock per cent was
paid in many instances.
The New York bank statement this week shows m
increase Of one million in deposits and an increase of
Bank appears on the list for the first time this week
But for this circumstance the deposits would have
exhibited decrease of over two millions, the loans
nm increase of nearly two millions and the legal tend
erS decrease of ! 4 Millions
The following table shows the aggregates compared
with the returns of the previous week.
s4a3sie8 sS8a'8s7,i26
Snecl{e. ,............ IS So, 5tS l5,262,SI2
p eIS oao. lg 5s5g g l9ssl62 d
The indications are as follows:
increase IN loans ,43e, 3S3
Decrease in specie. l5S7 1876
Increase in circulation. 2O9 100
decrease in Iegaltenders '','' 956 o.
The loan market at New York is easy and TORPID at
5per cent There is abundance Of idle capital, and
the banks have superfuiy of currency. but general
more slowly as there is not so much demand from
capitalists: The, rates are unchanged. The stock
mari Is irregular and feversh. Old ive-twenties
are lower IN consequence of the anticipated falling
on IN the European demand. Seven-thirties
hrm. without much activity.
The weekly statement of the Philadelphia Banks
made up to the 22d instant, presents the following
aggregates as compared with those of the previous
week.
CAPITAL }tsii i }5s s 52H ,,
Loans 4735042S II, 622 Dec. 95 500
Bas from Other BT i5S i5 SS B Be- ss $
Deposits .....,,,.. 369477O0 368l4653 Dec 6SS,0i7
Circulation, ......... 1857 972 74ll l37 Inc 3465
U S Legal Tender Il -1~ '''O'
Demand notes.. i, 2674l2 l. N52 $50 Dec 21I s52
The Board of Directors of the Columbian J,sur
ance Company of New York, in consequences Of Sc
we're and unprecedented losses the past year and par
ticuary during recent period, have decided to close
up the affairs of the Company. They find themselves
possessed of large assets sufficient to meet all abiii
ties and have handsome surplus.
The London Times talks very seriously of the fnan-
cal situation in England, anticipates still further
advance in the Bank rate of interest thinks it posi-
BILE that T. Is 20 per cent may have to be endured
and says: 1t will be well for all persons pledging
themselves to future Liabilities to frame their calcu