The Portland daily press., 1873-10-22


New YORK. Oct. 2i-MorRina Mor,v a. , -
cent. Gold at 19sl. Sterling Exchange at IOe3 for
long and 1903 for short. '' -''
NEW YORK. Oct. 2f-Evening- Dulness was the
most prominent feature in financial circles tnday
and beyond the reports from Washington of the Gov
eminent buying Exchange and EXPANDING green
backs nothing OF interest TRANSFERRED Telegrama
from washing on early in the day denied these ne,
ports on the direct authority Of the Treasury DEPART
ment but during the afternoon the reports We're re-
ciyed again and a prominent New York dry goods
commission merchant stated that he had lust arrived
from Washington bringing with a letter nom Presi-
dent Grant TO an officer OF one OF the leading banks
in this city, This bank officer, although refusing to
show the letter. states that the President announces
his intention to draw the S4f 600 600 legal tendsr
TO the extent Of S3000,00O per week for
weeks to come and in additiyn, to buy probably GIL,
100000 sterling Of Exchange in London for the use or
the State and Navy Departments.
Money was easy during the morning at per cent,
but in the afternoon advanced to 132 per diem. The
dizziness in the Stock Exchange makes the demand
for Money very light. Greenbacks were quoted at
d per cent. The outstanding legal tend clrcula-
ton to-day shows s3i6,OOO increase over Monday.
The following is the Clearing House statement
25osSi; gold exchanges sl5J7 1885, gold balances,
Foreign Exchange was frmer, chiefly for sight and
cable u ns1ers; leading bankers advanced the rates
TO 107 for co days Sterling and 1851 for sight in
sequence Of settlements and the rumors about the
government BUYING exchange prime bankers sixty
days Sterling sold at 1CGk a lo6s; sight do 1914 az
l0s cable transfers 1881 sight bills and transfers
are scarce and very firm owing to increased activity
going forward Commercial bills sold at 105 % 2053.
The bills drawn against the present heavy shipments
of produce were generally sold in advanc-. The Gus
tom receipts to-day were 1881, coo Gold was frmer
at 10Sl 9e0Ss, and closed at 1885 % 1884. The rates
paid for carrying to-day were 5, A. "a per cent.
finally and fiat for borrowing.
The days business al the Gold Exchange Bank
was as follows:-Giold balances, SS251l7; currency
balances, 1859 ,225; gross clearances Sls052,0O0.
The Asst. Treasurer to-day paid out $50 coo on ac-
count Of interest and S94 900 Ia redemption of 20
bonds. State bonds were duh and neglected. Gov
ernmentss opened steady and improved both in bust
ness and prices sales 1Se1s, registered, were made
as high as 1l03, and coupons 1l1 G5s, old coupons
los; do new 1l05 CTS, 1l2i; SIS, 12 l040s coupons
1oGs; new 5s, 1919; currency Us sold at 1885, TIC
market at the close was firm.
Stocks were alternately weak and strong fuctua-
TONS having been from to per cent This was fol-
lowed by recovery of "a per cent, but towards
the close weak feeling set in and IN some instances
the lowest prices of the day current The arg-
est transactions were in Western Union, which ad-
vanced from 57i to Ssh fell off to 56a recovered TO
57s and finally sold at 81 a. 57l Erie strong and
advanced As to A. but shortly before the closed there
was reaction of per cent. from the latter quota
ton.