The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1862-07-14

Commercial Summary for Last Week.
Compiled. from the Ne~ York Independent.

MONEY MARkET.-The export of gold continues
large s2,641 0S0 was shipped last week. making S29
e3g13 since the LIST of January; while exports of
1873 l6s since Jan. l. Ourimpors for the week valued
50 24 5i making $50 04 29i since Jan l. The excess
of imports over exports of produce TO nearly
S2l01oOo less by S90O0Oj0 than the specie export
ed This TO be accounted by the return of Amer
lean securities for resale in this market. Notwith-
standing the large payments on the LIST of July of
gold Tor interest on public and State debts, the de-
mand for gold has been such raise the premium
TO III per cent. for unmxcd parcels tit for export
The panic in the stock market resulting in heavy
decline ia the prices. led to wholesale calling in of
loans, and confidence in borrowers has greatly dim
inished
and readily taken Mt TO per cent. Inferior names
are neglected. but are quoted at s to 10 per cent
The rates of foreign exchange have risen with the
increase in the premium gold. The rstclass bank
ers draw at 122l 10 1913 London at sixty days. aud
sixty day bills The shippers of produce benefit from
these high rates. The steamer Champion, from As
pinwali, has brought us S64l,455 of California gold
Our exports consist chiefly of wheat corn and flour.
of which the shipments are large. Provisions do not
go forward in great quantity The prospects of the
European harvest are bad for England and France
but good for which is of considerable importance
while our exports are mainly restricted to ceria prod
ucts. The demand notes issued last August and re-
ceivable for duties, are at premium of to per
cent.
sroCkS.-Thc market opened last week feverish-
ly, and Thursday that fevorishness eliminated in
panic under which prices receded materially Even
Government skies of 1881 fell from 103. dividend off,
70 WI ana io and some parcels OF the JOS fell per
cent down 10 w. but subsequently recovered to 103.
steady but on railroad .loeks II 4 si hsayx oeeh
-, ..I ~ " = sur "o"'s
DRY oooDs.-Ihe demand for fall staple goods
active on speculation and goods of all descriptions
are advancing. The season Is n very unusual one
The supply of cotton goods for the fall expected 10
oe very snort OF the demand as raw material cannot
be obtained in any quantity. Prices consequently
Keep advancing and there is no disposition TO sell
largely except at further advance while all jobbers
ana dealers are anxious to buy stocks Of some de-
scripion are nearly exhausted Wide bleached goods
are scarce put Dom bieached and brown goods have
advanced during the week, and are still tending up
wards. Driis ana cotton nannels have also advanced.
stripes ana DENNIS are active and steady. summer
prints siii se-the demand being Kept up Fall styles
are nor YET generally offered staple WOODEN fall goods
are also quite active at high prices. The call for more
troops mas stimulated the market greatly rs the man
niacture OF army goods viii displaee that for goods
Tor Pfi.ate consumption: stocks OF all descriptions
are hght The demand is principally on speculation.
Foreign goods share IN the general appreciation of
prices bacS Silks are very scarce, and much want
ed ran wooden goods are also III much request, and
stocks can be readily disposed Of Ribbons are also
quick OF sale The season closes well. The importa-
uon OF goods last week was large, amounting to