The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1870-03-05
Boston Root and shoe Market.

..
The week has been one of more than ordinar,
quiet. number OF buyers have gone tome, and
they are not making heavy purchases. The genera
depression in trade attributable doubtless in some
degree, to the steady decline in the MARKET value
other departments of business, not because it will
seriously affect the price of stock tor calf boots and
the sympathy which exists With other market,
where the pressure is more severely felt. Manufac.
turers are generally coming their work to orders
crate sales have been made shipment to Philadel-
phia Baltimore and the South, and jobbers doing
fair New England trade. by extending their busl-
ness to more distant points, Notwithstanding thu in.
activity OF the large wholesale houses. As soon al
the status of Gold shall b6 defined more clearly aud
confidence measureaby restored, merchants will
give their orders with greater confidence.
New York stock and Money Market.
NEW YORK, March At is stated that several Of
the best informed Gold operators OF the opinion
the bull dealers, their losses being very heavy The
Express says the Gold room the scene OF intense
excitement during the morning, owing to another
before the Board at ll4t to 114} The first re-
corded sale in the room was 1881; from this price
there was decline 10 llsb and rally to 1871. Thii
rally, however, was not substantial and the price
afterwards declined to 1871 the lowest point reached
sncs Aug. II, 1862, when Gold sold asllow as 1l2S
Later the price reacted to 11S3 to 11A These uctu
atoms were attended with great stampede to sell al
intervals. and once more the excited brokers crowd
ed around the fountain in the Geld room and seemed
utterly regardless Of the price, the only object being
premium was started by official Government figures
Of the foreign trade of the country and greatly as.
sisted by the enormous sales OF Gold against the
shipments of Cotton during the past week. There il
great depression in the Foreign Exchange which in
turn acts against the Gold market The effect OF the
decline in Gold was very marked on the currency
prices OF Government bonds, and there was heayy
decline in prices. The 1s67's at one time touched
1921, the lewest price for long time past. At the
Stock Exchange speculation was very tame at the
opening, and there were symptoms Of q decline IL
prices when The bull cliques to the rescue and
stubborny resisted any attempts to put down pricel
and finally bid the market up sharply. In general
trade and in the Produce market this fresh decline
in Gold has demOraized everything and business /,
in an unsettled state In Dry Goods 1t had the eec
to add to the general depression which prevou sly
prevailed in consequence OF the slaughter OF dom
tic cotton fabrics by some OF the leading jobbers or
the Produce Exchange it had a tendency to driyl
shippers from the market as Wheat is to &c bush
lower IN liverpool than in New York. In the Cotton
and caused further tall in the price OF Cotton and
checked business; sales Tor future delivery wert
made at u to 2lfc for Middlings Tor the months
April, May and June-a heavy decline from th,
lower sales. In other products the market was gen
orally unsettled, and holders could not realize with
out concession from the prices current yesterday
Evening..Gold continued to fall alter P. M.
but reacted little, closing at 1874 q 1885,. Tn,
cause OF the decline was generally considered to b,
the large stock of Cotton in the South destined
foreign markets and extensive purchases OF American
Railroad securities by foreign bankers. Specie pay
ments are already discounted in some circles and
silver has made Its appearance the circulating me
dunn. The decline in Contemporaries values IL
mercantile circles and the Produce market. Floul
dull and steadier at the close.
At +. M. the market closed at the following quo