The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1869-05-08
e. o M M X R DIAL.
New Work stock and Money marLe,

new Work STOCK and Money Market.
NEW YORK. May 1.-THE excitement in Wall
street continued to the close of the day and all the
markets were in feverish condition. The private
kilograms from London were Of gloomy character,
and the unofficial announcement from Washington
that the sinking fund would be put into oper-
alton until after June 10th had a bu0yant effect
Gold and very depressing effect on Government Sc
dispatches. but the Vanderbilt stocks were chiefly
affected, the balance of the list becoming heavy t.,
wards the close. The day has been one of unusual
excitement and great 1uctuation.
Money market easy at per cent although the de-
mand was tairlyactive. National bank notes were
very plenty and offered free OF interest for three days
on condition that the amount is returned in green
backs at the expiration of that time. Prime bust
notes TO 10 per cent. Sterling Exchange dull
and weak owing to sharp rise in Gold; sales at 1e9
for prime bankers go days and 1884 for sight, al
though leading firms were generally asking higher
1861 and touched 1894 late in the afterno n closing
at 1884 The bulls were rampant and transactions
enormous Rumors from London were numerous,
including great panic fall in bonds to II, and an
extra meeting OF the Bank OF England to raise the
rate of discount great portion of the short inter
on the long side of the market. The rates paid for
carrying were 1872, Z, 8. u, q per cent. to fat
Governments heavy and lower. with great pressure
to sell. Henry Clewes q Co. furnish the following
430 quotations:-Coupon 6's 1881. 1883 a 11ss; do
114a q 114B; do new, 1855 q 115s; do 1861. 1853 q
1153; do 1865 l15t g 115a 1o4Os. 1914 q 1917; Pa
Border State bonds quiet and steady; Missouris at
sst 80; old Tennessee's, GU q 70; new do, 664 @
664 old North Cardinals, 80 g Ga; new do, 54f@ So ;
old Virginia's, Sc a $50.
The Stock market opened feverish and unsettled,
though in the main strong. New York Central sold
az high as 17s g 17sb. Harlem 147 q 1891, Hudson
1551 q 157, fair Southern 1864 a 1861, Rock Island
1870 a 1924 and Fort Wayne 146 q 149a. The market
was irregular in the early part of the afternoon,
North Western declining per cent, while Central,
Fort Wayne, Michigan Southern. Pacific Mail and
Pittsburg were strong. Late in the day, however,
the market became very heavy and there was large
decline throughout the list The leading bulls have
been heavy sellers all day, but the market only felt
this near the close. The market finally left off ex-
cited with downward tendency. The following are
$50 prices Pacific Mail, 96t 91a; Western Union
Telegraph, 425 g 49, Hartford & Erie 20 q PSI; New
York Central, 177t q 177B; Erie, 27a q N&; do pre-
ferred, 81 g 81; Hudson, l5e g 15el; Harlem, l4s
Michigan Southern, 1oSb q 1O4; Illinois Central 145
q 146; Toledo, 1889 "a 1881; Chicago Rock Island,
1854 q 1864; Chicago & North Western SAT q 50
do preferred, 964 a 96a.
The clearances at the Gold Exchange Bank to-day
amounted to $125,0O0,000.-
The receipts at the Sub-Trsasury to-day amount
ed to payments 81, 800 1856; balance, $780,
346,974.
The disbursement of coin interest amounted to
$469,872.