The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-30
FINANCIAL AND COMMERCIAL
Review of Portland Markets,
WEEK ENDING Oct. 90, 1873.

WEEK ENDING Oct 20, 1873.
The effects of the panic in the money market have
extended to the wholesale and the manufacturing
interests, and in the former traffic has been restrict
ed while in the latter the manufacturers are closing
their establishments, or reducing the pay of en-
ployees, or running on shorter time 1t is not an
ticipated that much improvement will take place be-
fore the commencement of new year, by which
time it is hoped financial affairs will be established
on more firm basis than they have been for years.
Much depends upon the action of Conge ss, which
meets In December and its action will be watched
with intense interest. But the stringency in the
money market does not seem to affect merchandise
values to any considerable extent, and our prices
current this week show but little variation from
those one week ago. To large cash purchasers, un-
doubtedly concession to some degree would be made
more than the difference of interest between time
and cash purchases, and this is simply owing to the
difficulty OF collection now. The banks are doing
all in their power for their mercantile customers
Gold has been very steady during the week the low
est point being 1851 and the highest 1884, The rul
ing price seems to be 1881 91Os1.
Apples are in good supply. But little Maine fruit
has comen and that has been Of rather poor atty
New York and Michigan fruit is plenty, the choicest
selling at S. per Dbl. Beans are in good supply and
prices steady. Box shocks are steady at rs assoc
Butter is selling at IS D30 for ordinary to fair quail
ties and 80 81 for good to choice qualities Cheese
is firm for all choice grades. Coal is unchanged.
Coffee is steady and firm. Cooperage is in demand
for hoops which in light stock. Copper is quiet
Cordage is unchanged. Drugs and dyes are in fair
demand. There is slight shading on borax and
campnor Dry goods are without any change to
note. Duck is steady. Fish are in fair demand for
home markets. but the Western demand is very light
fpa Al .y.c
tances. We note slight reduction in the price of
large Bank cod. Flour is steady and Arm with not
an over supply in the market Fruits are plenty.
Rasins are lower Lemons are selling at So Der box;
pears s5912 per Dbl ;quinces, sI1 per hbl. grapes
79lOc per lb; chestnuts Sc per bushe. Grain is in
fair supply with good demand and slight redue-
.tion Hay is quite dull and dealers are hard
ly willing to pay outside quotations for pressed
Iron is steady and unchanged. Lard is dull but
prices are not changed Leather is steady. Lime is
steady Lumber Is in good demand in the home
markets and prices are firm. Molasses is in light
stock for g-osers grades and prices are firm Nails
are unchanged. Naval stores are quiet. Oils are &c
lower for lnseed and about the same for sbore.
Paints are without change in prices Produce ia not
80 active Potatoes plenty at 55@65c per bushe;
eggs and higher selling at 32d 33c onions
are i9i so per bbl sweet potatoes S405 per Dbl;
cranberr1es S1l9l2 per DBL Provisions are rather
dull, especially for pork but there Is no quotable
change in prices. Salt in good supply, and prices
arc steady Sugars are lower and we quote Forest
City graduated at 1Us 9103, and coffee crushed at
1090s Eagle yellows selling at 7ia7s and extra
at 7a9Sf. The manufacture of Eagle sugars closed,
for the season, last week. Teas firm and steady
Tins are without change but prices favor purchasers
Wool is steady, with light demand from manufac--
turers. Dealers MOI disposed to push their
stocks on the markets, or to make much concession
as they look for higher prices before long.
FREIGHrS.-There is some demand for yessels to
Cuba and the offering rates are about aOc for box
shocks. The engagements during the week are brig
Machias, hence to Matanzas at Sl6OJ gold for the
voyage out; brig Daphne, hence to N side of Cuba.
at S26oo Schr. Phaos hence to Cardenas at soc for
box shocks; brig Clara NJ. Goodrich, hence to Las
Tunas and back at 55c for sugar and s5 for moasses
Schr Allie Bickmore hence to N side of Cuba at soc
for box shocks. Coastwise there is demand for YES
sells to load lumber on the Kennebec for Southern
ports The schr. Nellie F. Sawyer has been taken
from here to Savannah at Csc per Dbl for ground
plaster and phosphate Lumber freights hence to
New York and Sound ports are quiet and unchapg-
ed,