The Portland daily press., 1869-04-09
CpNh M IL R CIAL.
New York stock and Money MARK

NcW 0FA STOCK ana money MARKET
NEW YORK, April 8.-The Money market worked
to-day very much as it did yesterday, the highest
rates on call being in the morning. The early tran
sactions were at per cent currency with commits
sions added /, $780, Zig q 1872 per cent. After
wards the rate advanced from 1872 to lie and re-
manned there some time, but finally the supply of
cent. Gold, interest stocks before O'Clock, and
Government bankers were lending their balances at
per cent. currency. Discount market was dull
and demoraized, the lowest rate on prime paper be-
ing IL per cent. Sterling Exchange exceedingly dull
at 1917 @ l0st Gold opened at 13s, rose is 1921 AID
closed at 1927. The sudden rise attracted much at
tention and was attributed to the report that the
Bank of England had raised its rate to Al per cent
turned out without foundation. Later it TRANSFERRED
unaqle to respond to his contracts, and those who
who were placed short by this circumstanc were
quietly buying in the Gold. There no public
announcement in the room, and consequently
Gold was bought in under the ule. The rates paid
tor carrying were from fiat to 1-64 1872, g. 8, 3, 2,
3-64, LIE, 1-S2 q per cent. These high rates show
growing scarcity of Cash Geld, caused by heavy
payments in the Sub Treasury for duties. The Gov
eminent bond market was stronger again at the
Close owing to considerable talk on the stree OF a
corner in 1862 bonds tomorrow. 1t was currently
reported that leading banking firm and prominent
stock house were short together nearly $5,OOO,O00
and that the screws were to be put to these parties
tomorrow. The '62 bonds were 119a regular, while
round amounts could not be sold seller co. at better
than 49, which gave some color to the reported cor
ner. In any event the future promises some lively
times In the Government bond market. Henry
Clewes Coturnish the following 80 quotations.
I20 do 1854 114a q l15; do 1865, 1t61 "a 1163; do
new, 1881 q 1132; do 1867 1874 a 113s; do 1868 1874
a 113a 10 40's. 1864 a 1864.
Border State bonds firm; Missouris, ST. a S75
old Tennessee's, 663; new do, 654 65s; North Caro-
lina's, 81.
The Stock market was active during the morning.
and prices generally well maintained. The special
feature was New York Central, which Jell from 1856
to 1881 and ductuated subsequently between 1854 a
1914 the of the break supposed to be heavy
orders from Albany to sell without limit. Otherwise
the most active stocks old Southern Pittsburg
North Western and Pacific NAIL At the 1 O'Clock
Board the market was generally firm with an ad-
vance on St. Paul and North, Western preferred.
The frmness continued at the second Board, espec-
tally in North Western, New York Central, Pacific
Mail, Reading, old Southern and St. Paul. Subse-
quAptly the market quiet but strong with gen.
eral advance, though New York Central did not re-
its high figure of the morning. Express shares
steady but dull. The foil wing are $50 prices Pa
a 412; New York Central, 1874 a 1641 Erie, 34t;
Hudson. IA a 145 Harlem, 1874 q 1856; Reading 93
a 934; Folt Wayne, 1914 D 1871; Michigan Central
119 q 1870; Michigan Southern, 81 q 971 Illinois
Central. IS; Toledo, 96a q 81; Chicago g Rock Is
land, 1915 q 1874; Chicago & North Western, IS; do
preferred, 97A q 97{.
The clearances at the Gold Exchange Bank to-day
amounted to $43, 600.
The balance at the Sub-Trsasury to-day amount
ed to $S8, 1875, 220.