The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1869-03-09

O o M M e R CIAL

New York stock and Money Market.
NEW YORK, March s-The Express says the chief
topic OF conversation In financial circles to-day was
the political situation at Washington. Early in the
day Mr. Stewards resignation was reported, quickly
followed by the announcements that Mr.. Boutwell,
would succeed. This was succeeded by kilograms
that Boutg els chances were slim and that Stewart
had requested the President to appoint David "A.
Wells coupled with report that the President ask
ed until tomorrow to consider the matter and that
the Senate had adjourned. The latest kilograms re-
ported great excitement in political circles in WASH
iDgton. These varied reports created an unsettled
feeling here, and Gold fuctuated frequently. while
the operations In Governments were checked to a
great extent The most intense interest is manifest
ed relative to the Secretary and his policy The
before the funds sre Il the bank attracted mach ats
tifcaton Of the passage Of the law from the Comp
uoer OF the currency, but many of them refused to
certify to-day while others continued the old policy
The law Is likely to be evaded. as broker in good
rom one and deposit them in the other provided he
makes them good before the close Of bank hours
Money quite easy at per cent on call. Sterling
q 1891 tor sight. Gold frmer price opened at 1872
tell to 1911 and closed at 1917; loans made at 4@3
per cent. carrying to fat for borrowing. Govern
highest sales OF Saturday. speculative holders show
ed disposition to sell, and in cases were max
London has also for time checked purchases for
shipment. At the afternoon board there was an I'M
pF9 I've Of per cent; market closed steady
lowing 4So quotations Coupon 6s 1881, 116 a 1851;
do t2os 1862, 1lss 11s6; do 1864 1143 q ia; do
ls s 1 Ia l ass i ls lc SG l
Border State bonds firm with an advance in some
cases; Missouri0, s91 q 90; new Tennessee's, 81;
North Cardinals, 5s3 q 90; Virginia's co a g. :
The Railroad market opened strong with an adj
vance of per cent on the closing rates of Sat-
urday. The advance was not fully maintained ct
the morning board, but after 10 m. the market was
again strong. New York Central and Michigan
Southern were the features the former reaching 1909
and the later esq., Reading was also noticeably ac-
tive and touched s13 Next in interest were Rock
Island, Pittsburg and North Western. Mscellane-
GUS and Express shares were also strong. After the
o'clock board there was general reaction Of a
per cent. but subsequently prices more recov-
cred from the depression and the latest operations
were at about the highest quotations OF the day.
Rock Island was the great feature and closed nearly
per cent. higher. The rumor that the Legislative
Committee would report in favor of the New York
central scrip dividend was the immediate cause of
the advance to-day. Miscellaneous and Express
shares higher. The following are $50 prices:-Pa-
cifc Mail, 1901 q 1901; Western Union Telegraph,
ST. @ 80; New York Central, 1904 q 1901 Elie S. d
364, HUDSON, 1874 q 1a8; Harlem, 1856 q 1886; Read
ing, 91@ q 91}; Fort Wayne, 118 a 1184; Michigan
Central, 1172 q 49, Michigan Southern, 96a % 96l;
Illinois Central, 1854 a 13o; Chicago Rock Island
1923 @ 1871; Chicago g No. Western, s1a a s11; do
preferred sol q 90s.
The clearances at the Gold Exchange Bank to-day
amounted to 1880 900.
cd to $86,777,268.
The imports Of specie last week were $75,s12