The Portland daily press., 1873-11-07

NEW YORK, Nov. 6-Mornino.-Money at pei
cent. Gold at 1863. Sterling Exchange at 1861 q
10S.
NEW YORK. Nov. 6-Euenino.- Financial matters
to-day closed wi firmer feeling or Stock Ex-
change. There was increased depression in for
egn exchanges and steader tone to the gold specu-
latiOn. The advance on Stock Exchange was due
chiefly to the absence of any unfavorabe rnmors and
co. siderable purchases to cover short contracts
Thore is still less uneasiness in regard to the
hqpidatons vet to be made and sumo fear to large
railway corporations.
vanced to 116 per cent per diem on loans but closed
easier at per cent. The banks now hold $21 ,OOO,-
900 in legal tenders.
The following is the Clearing House statement :
Currency exchanges, S67 2s9921; currency balances
S23s 19l gold exchanges. $685. 697 gold balances,
$163,42S.
1t is stated at the Clearing House that the deposits
of the Central National Bank have been reduced to
and also that the capital of the bank is
to-day, but put securities and took loan cerif-
Gates. The market for Gold has ruled heavy and
lower, closing at 1861 it having been down to lO6s
The rates paid for carrying to-day were 364, 1872,
Lilo, 7, 6 and per cent; the final rate per
cent. The Asst. Treasurr paid out to-day $40 600
account of interest and $4,000 in redemption $40
bonds Total amount of foreign gold received at the
United States Assay office since Oct 9th is e1 901 s75
The steamship Cambria. which arrived this morn
ing has EST U3S on board. The custom receipts to-
day were $260.000. The decline in the Gold premium
to day was the natural result of the demoralized
condition of the exchanges The limited demand for
trade purposes and the further influx of bullion from
England the heavy rates for carrying Gold from day
to day and also for the balances of the year have in
duced strong bearish feeling and Spectators are
selling short for the purpose of realizing the profits
of the carrying rates. and also the expectation of still
lower prices.
The days business at the Gold Exchange Ban
folows:-Gold balances, 81 $40 949; currency
balances 81 727 1904 gross clearrgs, $46 100000.
Foreign Exchange almost unsaleable, at the
opening for long sterling and the demo alizaton was
greater than for some time past; sight exchange was
firm owing to the limited offerings prime bankers 60
DAYS sterling gold at 1854 1054 and sight 1919 q
10S. Commercial bills opened dull and almost nom
ina at 1902 a 104 The scarcity of Money among
merchants continues to be the great cause of the
p esent condition of foreign exchange The Exchange
market closed dull and decidedly lower at 1O5 for
prime bankers Gu days sterling 104B a O43 for good
bankers 1914 "a 10S for sight and 10S for cable tsans-
fers; sight bills closed comparatively steady as bank
generally not disposed to draw freely State
bonds continued dull. Central Pacific bonds closed
at S2a a 49, and UI ion Pacific at 654 to 655 for first
81 a $50 for land grants, 404 a Al for incomes. Gov
eminent bonds weak with further decline in SYM
patty with gold stocks. The market was frmer and
railway and miscellaneous speculation was strong
and higher, the advance in prices ranging from to
per cent. At the close there a reaction of to
per cent from the hi hest point Large transactions
were in Western Union. Lake Shore, and New York
Central Erie shares were exceptionally weak The
common declining from 800 to 800, and the preferred
from e3s to SO. In the afternoon the former rallied
to 39a.