Baltimore daily commercial. [volume] (Baltimore, Md.) 1865-1867, 1866-01-29
Prices Of Stocks anc bonds In New York
SATURDAY, Jan'y PIP. NJ

Ohio and Miss Cert. 49, 49,
Tone Of Observation-Disclosures Firm Steady. Firm
SATURDAY, Jany PIP. NJ.
Stocks were quiet again to-day, but there was NJ
material change in prices or in the general condi
ton of the market. Gold was x to 4 lower, gellin,
at 1893, and closing at 1897 bid, 1895 asked Thu
transactions in it were meagre the sales adding VI
only about $4,000.
Governments were steady, but there was no actiy.
ity in them. few parcels of Seven-Thirties sold a
$4,000, and lot Of $1,000 one year Certificates a
9S$4, hut nothing was done in other issues Five
Twenties closed at 1929 bid. 1885 asked for first
10i4 bid l02 asked for second and third issues
Skies of1SSl at 1924 bid 10l asked and Ten Fortic
at 90 bid.
There was some inquiry for State and City 6's, bu
no sales made. They WERE however, steady a
previous quotations. Railroad bonds were also in
quired for. and sales were made of $1,000 Northern
Central 1855 at SIS, and $1,000 Marietta and Cincn-
natl bonds at s.. The sales of Railroad shares in.
clude 50 City Passenger at S1S1&, which is an i'm
provement. Baltimore and Ohio shares were firm
closing at S1l3 bid, but Northern Central shares
were heavy, only $i4 being bid for them; Central
Ohio closed at SIS, and City Passenger at IslI bid
$lS%i asked. There was some further movement in
Bank stocks, Franklin selling at SI1} and Bank of
Baltimore at S106.
In the Miscellaneous list the transactions were in
significant sales being made of only 500 shares Penn
sylvana Oil at 60 cts and 100 shares Maryland Cop
per at 10 cts decline of cts the price obtained
Yesterday. All the Mining stocks closed heavy.
Bankers and Brokers' Telegraph was weaker, clos
ing without sales at S bid, $915 asked.
Money continues easy, with the supply considera-
bly, in excess Of the demand. Call loans are per
cent, and commercial paper is quoted at per
cent. for first class and 10@12 per cent. for second
class There is, however but little commercial pa
per offering on the street.
The New York stock market opened strong this
morning at = to Z per cent. advance over closing
quotations of yesterday, with the exception of Can
ton Cumberland and New York Central; but at the
regular board these stocks advanced while the rest
of the list declined. There a decided DISPOSE
ton shown the street. carly in the day to excite
the market, but the still uncertain appearance Of
mOyey matters in England soon overcame this spec
ulative tendency, as by the succeeding opera
tons on Change. 1t would now almost appear. as
though by mutual consent Of both bulls and bears
lower prices should rule notwithsand stocks gen
orally scarce. With such an abundance of money
it would no difficult matter to carry the market
higher, yet the eXtraneous circumstances which
bear upon it such to impart sluggish and fe
veriSh tone which viii be hard to remove until the
bona fde financial status, here and in Europe is
more definitely understood.
In the afternoon prices huctuated, but at o'clock
were much the same opening rates. Erie fell to
53E, the morning price being S412. Many theories
put forth to account for the erratic movements
in this stock the principal one being that what is
held of it this continent is in the hands of few
who have very much the control Of its Yicissitudes
and by either making the stock plenty or scarce can
thus regulate its fluctuations Quicksilver closed at
40I against IS in the morning. with the exception Of
New York Central which closed at 9l75 this is the
only advanced price on the stock list. and it is in
some degree attributable to the demand created by
covering short sales. iveTwenties were lO3 = adj
yesterdays rates. Gold was dull al
though steady. closing at 1891 4 per cent advance
the morning price. Money was fairly active, and
six per cent. was paid in most cases.
Foreign exchange at New York closed dull for th a
steamer, Bankers sterling being quoted at1OS1 3@lOS34
for 60 day bills 10 for short sight do commercial
day bills at 0714@1OS4 and francs at 5224@51711 for
so day, and 5.1SlI@5.l324 for short sight bills The
shipments Of specie Sal 100 by the Hansa and
100000 by the City of New York. making total Of
$3n,1O0
The imports of dry goods at New York compare as
follows:
For the Week. 1861. 1865. 1866.
Entered at the port 81 g889 S496lG9 $2,5SS,3ls
Thr9wn on maEket 3'5ii;So5 9$246 2g62, 791
Entered at the 5 5$8588 sl666l sl$ $Ss Al
Thrown on maTket:;.. 6,19O,3IS 2O39,Ol lO,77S.9l2
The New York Tribune says:
The capital of the proposed opposition to the Pacific
Mail Ship Company it is reported, is to be placed at
100000, and commencement made to get sub
scriptons The working capital is stated S50O000
with the steamers put in at 81 100000 subject to
debt of 81 100000 The chances of successful com
petition with the Pacific Company with this limited
capital are not brilliant, and the new line promises
TO share the fate Of the Central Transit and other
projected lines. As a speculation, stock in the exist
ing line is better purchase at 2iO than the new
scheme at par for the Mail Company after it has re-
duced its surplus S4OOO,O0O, will not be impaired as
an opponent
By the Java we learn that on the 18th instant.
notwithstanding the stringency in money and the
general dulness of business American securities re-
closed at Sc, Eric at 57@5712 Illinois Central at 700
II. This marked improvement is a significant com
mentary on the recent aspersions of the British
journals.
In contradiction to the statements of the Lon
don Times, that the derahgement in the London
money market was caused by our merchants be-
ing deeply IN debt to England, the Financial
Chfoaicte says: " 1t is quite true that last yer
imported more largely than in 1854 of British
manufactures while sent in return less corn
Hour and provisions, less of petroleum. gold and
of cotton in 1865 were 900 bales against S7 900
bales in 1861, and this item will fully make up
our other deficiencies in exports, the respective
values being .5I5OJOOlO and. Si0,000,000s in gold
Nor is this all; our stock of cotton is probably 200
900 bales and the prospects that during the next
SIX months before crop is gathered we shall
export on an average, 100000 bales month, giving
us credit IN England, and Osettng our current OBJ
legations to the extent of $50 600 900 for the half year
IN addition to the value of all the breadStufs petro-
leum and other produce which may export.
Whether we look, therefore, at present position
or at the probable course of trade for the neyt 81
months, we may safely conclude that there is no
foundation whatever for the statement made by the
Lone don Times, and that the cause of the rise in the
Bank of England rate is to be sought rather in the
excessive flow of the precious metals to the East
than toany complications arising or likely to arise out
Of credits and commerce here in the West.
1t is, perhaps right in this connection to mention
the report which is current here, that certain British
hrmS nave exported goods heavily to southern ports
on their own account and have had to borrow money
IN London IN consequence of being disappointed in
their returns: This class of ventures is of necessity
very limited n amount, and we can probably find
half dozen New \ ork merchants seeking accommo-
dations here from this cause to every one in london
The presence of few such cases in an excited
Of the public mind might lend a coloring of paus-
bility to an otherwise improbable story"
The following table shows the receipts of cotton at
Liverpool during the years 1864 and 1865 as we'll as
the rapid increase Of production in foreign countries
B zsS2; 3d. 5st
From the United States 399 1872, SIS
South America, mainly Brazil. .320,607 203,4l4
Peru. 6S,S9S 27.059
........3l6,S99 234 44O
Smyrna and Greece............."..- 76,454 56,Sl5
China and Japan. ;.............l25, $50 3l0,790
Madras and Bengal.................I52.o3 l56,l5
.......... GAG 1869
lSurratj or East Indies ........9l2 ,l63 995,4l3
West Indies, Haytir Laguayra. oo- o,ou.
Demerara, etc.,..'..,...."......... 54,oOi Zs,Sf4
218.599 22O3,593
The following table shows the imports and exports
ofJspecie and bullion into and from Great Britain
during the years 1864 and 1865:
-oM,-Imports:-.-- --o.,Exports.--@
sz8 S94 2l9 ef8Ss6S4 4l8i III SS3
Silver. S,95l,s42 6,599,223 9,629,l5O 63S445l
Total S39O61 42O,2S5.5O7 422 1858 414O86 1872
The Cincinnati Gazette has the following remarks
upon the pork trade of that city
Within the last six weeks there has been paid out
oil for hnnc OH