The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-29

New York Stock and Money Market.
NEW YORK, Oct. 27-Mornno.-Money at per
cent. Gold at 1888. Sterling Exchange at 1863 q
1851.
uation exhibited an increased frmness during the
greater part of the day. and borrowers on stock coll
aterals had to pay 132 to 116 per cent. per diem
Just previous to the close, when the bank accounts
were generally made up, money was offered down in
small amounts to @ per cent.-seemingly for eff
feet: The banks to-day gained over 81 100000 legal
tenders and the supply of national bank notes is
creasing. The banks are very accommodating to
merchants. and in numerous instances are EXTEND
ing notes. which cannot be taken up. There was a
rumor on the Stock Exchange to-day that banks had
decided to continue the pooling arrangements be-
banks might have to suspend if the resolution of dis
continuance was adhered to. This was ofici-
ally denied by members Of the Clearing House.
The following is the Clearing House statement :
Currency exchanges, $50 036; currency balances
$26S651; gold exchanges. s2,Os6,694; gold balances
$67, 1885,
The silver policy of the treasury was inaugurated
at the New York office to day by the payment of two
hundred to five hundred people in sums of S. each.
Total exports of produce for the week ending to-day
amounted TO Sc, 404 434, mixed values. which is de-
from last week of 1926 O92. The exports for
against in ISL i. The t wtae
since January first this year S24 $685. against
$50 $3.50 last year, and S94 1923 in 1871 Nine
tysix thousand pounds of foreign gold was received
at the Assay office to-day making total since Octo-
Der of e6S1 900.
The custom receipts to-day were S292OOO For
sterling at 1861 q 1861 and at 108 for sight The
importers are remitting at present. which explains
the present dizziness of the market Mary importers
using their capital to assist the merchants here
The legal tender circulation to-day shows decrease
of $325000. Gold opened irmer at 1888, but fell to
1884 and closed at 10s The rates paid for carrying
to-day We're PEI cent. gold, 1-32, and per cent.
and fiat for borrowing; the final rate per cent
for carrying. The Asst. Treasurer to-day paid out
S690,0O0 on account of interest and $4,000 in
redemption of 20 bonds. over million and a
quarter has been paid out thus far interest on the
November bonds.
The days business at the Gold Exchange Bank
was as follows Gold balances, 1,14503o; currency
balances, 81 245,6S1 gross cearalices Sal 79I OOO
State bonds were quiet. Governments dull and
lower at the Stock Exchange. The Railroad and mis-
cellaneous speculation was tirmer to-day and prices
advance q to 81 per cent. as compared with those
current last evening. The most marked improve
ment was in Western Union, which opened at 80
against oil last night and towards the close sold high
as SIG. The general list made slight reactions during
the dav and closed fraction below the highest point
New York Central opened at s5A a $50, against s4t
the close yesterday receded to $751; to $751; re-
acted to $751; and later sold at ST. finally closed at s6s
a $751; The largest transactions were in the above
named shares.