The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1869-12-02
Review of Portland Market.
WEEK ENDING Dec. 1, 1869.

WEEK ENDING Dec. l, 1869.
Our review last week left gold on Wednesday,
Nov. "a, at 126. On Thursday dropped to 12439125
and continued at about those rates on Friday and
Saturday. On Monday, 2sth in consequence Of the
notice given by the Secretary of the Treasury that
he would dispose of $1l,OOO,Ooo gold during the
month of January-coupled with the fact, that on
the first OF January about s32 900 gold would be
paid out by government ior interest due on bonds
gold opened at 1923. Large amounts were offered BY
those who had been boarding it up for rise and 1t
dropped during the day to 1914, but rallied little
closing at 1929 Tuesday 1t opened at 122 dropped to
18Th the lowest point has been since but af-
forwards the price advanced to 1921 closing at 1921
The Secretary Of the Treasury declined to receive
bids for the million of gold offered tor sale by the
government at less than 122. The highest bid that
was made was 1920. Wednesday Dec. /, gold
opened at 1921 but rapidly fell to 1915 advanced to
1922, then dropped 10 1919, closing at 1917
This sudden and unexpected fall in the price of
gold has deranged the merchandise markets, espec-
tally for foreign productions, for which gold has to
be paid. The effect of it has been to stop purchases
until the market is more settled. Atpresent every
thing is afoat. Those who have large stocks of for
eign merchandise not yet disposed to make great
reduction in prices, hoping that advance will yet
take place in gold, while buyers hold off and show
HU ulspubitluH W puICndsc. Oue tQl0g Is certain.
If gold is kept down to its present rate there must be
a reduction in the price of commodities. There is
plenty of gold in the country but it has been hoard
ed up by SPECTATORS who reaping the i'll ef-
tects of their greedness to absorb all the precious
metal and then send the price up to suit emseyes
The policy of Secretary Boutwell, has checked this
deep laid plan.S
Our price currents show no very important
changes in the prices of merchandise. The business
transactions during the week have been very fair.
much better than was anticipated for the second
week after Thanksgiving. There is a steady but
moderate demand for groceries, and other articles of
merchandise, but no large purchases are made nor
will business transactions be heavy in the present
exc ted state OF the gold market
APPLES-We quote cooking at $250035O and
eating apples at $S.5O95.50. The market is well
BEANS-We advance our quotations about o,c
and quote mairows and pea at So 25@3 80 and blue
pods and yellow eyes at 81 1908 90.
BOX SHOOKS-The demand is very light. We
note sale OF first quality at 62Ic. =
BREAD-The demand is moderate at our reduced
quotations of last week.
BUTTER-There is no change to note. Ordinary
to falr tubs are selling at 30@35 and good straight
~ S5@4oc Some tubs OF prime table held at AZ
CHEEsE-There is good supply in the market
we quote , Vermont diaries at 1S@19c, and prime
COAL-There is no change in prices Dealers con-
ttnue to ask $40 5O@1 90 for the best ut
retail: Cumberland Is selling at SO 0O@D9 80. The
recent decline at the auction sale OF Scranton has
Co0P ERAGE7Prices are firm with better de-
mand for all kinds OF cOoperaee.
CORDAGE-Transaction light, and no change in
=, DRUGS AND DYEs-Business has been fair.
The only change in prices is a slight advance on
opium. VA
DRY GooDS-There are no changes to note in the
prices OF dry goods. The business transactions of
the week have been Outa
DOCk-Portland manufactures maintain their
price ICE with " steady but moderate demand.
picked fish and prices are UNCHANGED from last
week; The business at this season Of the year is,
FLOUR-.-The market is quiet and without ex
GItement. There are no quotable changes in prices
Inc demand is mostly confined to the better grade
low grades. The receipts during the week by the
Grand 4, Trunk y, Railway, foot up 6379 bbls.
FKOiIIThe market is unchanged for dry fruits,
at s5ase PEI boS 920a ssggpy Lemons
which selling at So 5oas per hundred" a Has
continue to be plenty and are selling at 15aSbc her
ID: tor natives and Coo for Malaga. ChestHuts are
selling at Sc 00S7 GO per bushel. 80
GRA1N-Corn is in good supply and yerv frm at
81 20 for Western mixed and ST 25 for yellow. Oats
are selling at 65@7oc, fine feed $35@4O per ton, and
HAY-The demand both for shipping and retail
ing qualities has Stacked off, but dealers are paving
III R PeE ton t tsIr prime eastern b hay
some kinds. VII
LARD-Our quotations are advanced at 1aaa9oc
Tor bbls and 2Oac for kegs. There is moderate de-
LEATHER-The market is steady and firm for
so,s beaIner Win moderate demand. Overweights
LIME-With a small demand the price has been
reduced to VI 309l 80 tor Rockland Cement is IN
LUMBER There is no change 10 lumber. The
'a,es for export are moderate but steady.
MULAS sES--Ihere is but small stock of prime
and holt
very firm in their prices. The quantity held is hard
sufficient to supply the demand, before the arrival
held at 35939c, the latter price for bbls
NAILS---There is a steady but moderate demand i
or nails which are held at IS 0O@5 II for assorted
NAVAL STORES-Nothing Of any cons eouence
LONG Prices are without change.
OlLS-Linseed and castor oils have shaded Port
and kerosene is firm at 4Oc for refined petroleum.
md 40 for Kerosene. Fish oils are dull -
PAlNTS1We slightly reduce our quotations for
Transactions are light.
PLASTER---The market is we'll supplied md |
)r1ces are without change.
PRODUCE-The market is well supplied with
ood beet and mutton, but the poultry is rather |
,oor . tn1ugn there is enough Of Eggs arc little
more plenty and are selling at 35036c in large onan
tiles Potatoes bring $4,000 and onions 81 50G5 90
PROVISIONS---Beef is UNCHANGED. PORK no.
urthe advanced and we quote extra clear at AasS
=: clear S37t93S; mess $349S5: prime s25GS6.g
found hogs bring 12a14c.
AAoAo 10 ho CnduSo TOm our reduced o. /
ations OF last week. The demand is moderate
SVApS-Ihere is no change in the prices of
Aeathe Cores soaps, which find a good market at |
lome and abroad in consequence of their excelient
uality. ~ S~'eiAen'
SUGARS-The fall in the price of gold has aff.ct-
AYE alien on This ofcOurse affects the price of
e en- sugars and they are lower than they were
asst week. We qnote Forest City granulated and |
rushed 15!9 '5ac and extra 141c. These were the
rlces on Wednesday. The demand for them
Moderate but quite steady. Forest City Refinery
yrnps are selling at 70, s591 90,
staaS, change to note In price The demand
IL NS-Ihe market is very quiet both for pig and
late tins. Prices are not quite SO firm. |
WOOL---The market is dull and quiet. Transac-
FRE!GHTS-There is a little or no enquiry now.
nd freghts are very dull. The only eneaoements |
nee our last report are schooner GuieinS Star |
ence to Porto Rico and back N OF Hatteras. at Az
II molasses and DOC for sugar; brig Eudorus henca |
ut. 'no @ip