Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-01-25

WEDNESDAY, Jan. "a. P. NJ.
Gold was steady and firm to day at the closing
figures Of yesterday, but the market for it was quiet
the sale at both Boards amounting to less than go
900. All the sales at 1894 and it left of al
1888 bid. 140 asked
Governments continue quiet but for most issues the
market is firm. Five-Twenties sold at los for first
and 1925 for second issue. and closed at 1929 bid
1881 asked for first 102 bid 1927 asked for second
and 1913 bid for third issue. Thirties sold at
the first Board at 1915 for second SERIES and % for
third, but at the second Board one or two lots Of
third series sold at 9S Certificates closed as on yes
terday at 9S2l bid 9S5s asked.
There was some inquiry for State stocks but no
sales were made. There was. however, some move
ment in Baltimore City 6S, lots of 1905 selling
atl00l @1O0, the market for them closing Mt 1901
bid, lO0E asked. Bank stocks inquired for and
several lots were sold at Sl07 for Merchants $751;
for Marine Sl9 for Citizens, and Si2 for franklin
In Railroad shares and bonds there was no move
ment. For Baltimore and Ohio shares $l1215 was
bid to-day, an advance of 2 a dollar and some was
offered at Sill Northern Central closed at $4j bid
So asked. Central Ohio at $13 bid and City Pas
senger at SIS bid. Sl9 asked.
In the miscellaneous list the transactions were en-
tirely in Santa Clara, and Pennsylvania Oil. Santa
Clara active and quite buoyant. some $50 shares
selling at $40 cash. and l0a time these figures
being advance Of - to S1i4 the last sales but
Pennsylvania Oil brought about the same figures as
Oh YESTERDAY, 1850 shares selling ut 65G6s eta.
There was nothing new to note in the condition of
the money market here. The supply of capital is
abundant and the demand for loans limited. But
little paper is ocrine and prime is easily placed at
s per cent. Call loans making at per cent and
in some eases at a lower figure.
In New York this morning stocks opened at about
the closing figures Of yesterday but the market gave
way soon after, with the exception Of Pittsburg.
which from S0l3 to 81 at the first board. Later
in the day this stock gave way again, and closed at
S19. The spasmodio movementsin this stock are due
without doubt to the cqueS who have been mani
pulating it for some days past, and although it is
within the range of possibility that the stock may be-
put higher still the lesson derived from the late cor
in Prairie du Chen should prevent another like
movement in Pittsburg. At the second board the
market improved. and the bulls succeeded in run
ming Fort Wayne to 9i4, being an advance of 23 per
cent. over the quotations of yesterday. Reactions
invariably follow any sudden movement in stocks:
still tho reaction will bear the most careful watching
on the part of those concerned. Gold was steady.
After the steamereft it fell to 1885, there being no
further stringent demand for it. Money remains easy
with new features to note. Loans being freely
made at per cent on first class securities.
The New ork Tribune says:
Secretary McCullochs bill, now before the Ways
and Means Committee in Congress. is matter of
mors the market is up or down. If the Secretary
meets With objections. up goes the market; if the
gold and fancy soeka We argue from this that Wall
street furnishes good reasons for giving the Secretary
lar chance to contend against tAe influences of
tary McCulloc,. negotiate q foreign loan, because
gold may decline and stocks may fall, it is very
good argument in favor of the passage of his BILL be-
cause 1t 10 proof that such power against the gold
speculatQrs is for the advantage of Government
stocks; Practically 1t is of but little consequence, so
ar ~ ma do uhatl,a
Secretarys bill is modified not and it should have
no influence against the conservative feeling which
now prevails against oyertrading and speculation.
We have but little doubt that Congress will sustain
the Secretary substantially in all practical
to bring the country nearer to specie basis, and
whether this can be accomplished speedily or not we
have no doubt that prudent business men will look
forward TO that event and shape their business mat
tiers accordingly.
The EUeniHa Post says Wall street is stagnant
and the prevailing ncertitude almost suspends legit
innate business in several Departments, of industrial
enterprise. Until our financial policy becomes more
closely ascertanable there is little prospect of much
improvement. The loan market is easy at 5. We
hea Of call loans ate, but there is always something
paper is dull at 1910. with less demand. The stock
market is depressed ana lower. Governments are
Tie weeks exports from the port Of &eR York of
domestic produce and miscellaneous goods have been
to the value of $i.S6O3S6 Included in the exports
of S2,945.7l7.
The Boston imports for the week ending January
70. was S5l90Gl against SSH 200 during the cores
345.05l: The exports for the week including srecio
we're $3.50 4 against s493oS5 for the corresponding
Bankers Sterling, e, days, lO65s@l0s5z BANKERS
Sterling, days. 1885 Commercial, l0734@10SA;
Francs Long date 5.lS24@5l614i Francs. short date.
- Mr., Jay Cooke it is said will open an Office at
New OK IN May. The immediate object is sup
vantage the operations of the new loan bill