The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-01

Nr~ V"en Sept 80 observation-disclosures no price;
Gold, 11ii; Sterling Exchange at 1861 a iO7s.
NMw t"eA. Sept. 3U-6 p M-Afairs C mtinue
on Wall street to improve in financial circles ami un-
less some mex leeiet check is given it is simply a
question Of Time, AMI a short ime at that before
business VIII arrive at normal cnndi ion SO far rs
regular markets are concernel. No failures are re-
portel friday Money is III tied stork .rnkers at
per cont per day, but few transarti ms We're made
high as per cent. mus on call, and as per
cent. currency. The price closed a an / per cent
per day to fat God-The transactions io-lay were
not very heavy and pieces at I12S, and fnctu-
ated between that figure an lls closing l11s a
1lIl; final balances were lent fiat.
The days OF erations at the G Id Exchange Bank
were as flows: Gold cleared, 1,492,OO0; Gold
balances, S9!9.46S; currency balances ST O3l 79S-
The sub-Treasary paid out $50 in e Id coin on
unit of interest AMI SIS 600 for called bonds The
custom receipts to-day were S3ji0JO governments
dull ami there were transactions OF import
ance State stocks very quiet the only dealings be-
in i'll Tenn sSee, Virginia and North Caronas-
The disbursements in an icipation of the interes.
continued very small partly 70 the reason that the
COUPONS ar cished only wi rebate apl not without
rebate: This is in accordance with a standing order
Of The Treasury Department cashing coupons sixty
days in advance. he Stock Exchange to-day called
the May and November binds, ex-coupons, which
checked the business foreign bankers win not buy
them in this way. This matter, the Express saws
ought te be remelie as there are number of saw
ings ba ks iu the market to buy bonls with gre n
backs taken away last week. We heard Of two bmks
to-tay waiting % Invest Sl0oo00U in greenbacks as
soon IL he market became little eltled. The gov
eminent has simply unsettled TIE bank market and
sh 'uli rec. lily the matter Immediately by cashng
Coupons without rebat-.
In Sterling Exchange to. day the leading b,nkers
advanced quotations step by step ill the Close when
the asking rates were l06 for 60 days sterling and
los for sight. Early in the day sales we've male at
1857 and afterwards up to 1851, or Within per cent
Of the asking price Sight bills sold all the way from
quotations about l q II per cent below bankers
sterIing This improved condition Of tie reign ex-
changes will star. the export trade aud once more
from the improvement in the exchanges cannot be
over eslimatel.
Tie och market csned rather steady but prices
soon fell under considerably heavy sales, though
there was NJ excitement. The bankers SCENE very
much pie 'sed to get back again into the Exchange
The market closed with & partial reaction from the
lowest prices of he day.
TIE presi lent Of The Stock Exchange, H. G. Chap
man, this afternoon sal he thought the re-Npepg
OF the Stock Exchange bad occurred in very flvor-
able manner. There had been no unusual excitement
ami the business had proceeded an ordinary
day Stocks Ii Il, tai ell their natural course with
reaction from what might be .ed fraudulent high
prices of the stre t. as There had previously been-
r. IN the fraudulent prices there hal undoubtedly
been real transactions at all of the street rates but
only with open Exchange eoull there be- a genu-
inc market and the value of stocks be tested. lie
thought that the opening of the Exchange had been
very beneficial and that the tinanci excitrment as
alb nut euded. The Stock Exchang, closed a, usual 1t
O'Clock this afternoon, al, er a day marke by M
important event except its re-openng, and conse-
que. general Increase of confidence. just Def re
CT ,sIn2, A6ram Z. Blys. clairmin If the commits
zee of confe.enee with the Cerlns House, asrenued
the rostrum. The members having been called to or
der he announced thai The CON mt ZEE # lemeuis
who had been IL session from 10 to 2.45 o'cnck re-
porte that no failures had occurret AMI that a |
disputed contrac brought before them had been sat-
iSficio.iy settled The announcement was greeted
with loui ap lause.
5. l. Russo chairman of the committee on Sc; lie.
mcnts VIII II qnesignet after closing the Exchange
sal this commisee hai been positively astonished TO
mud all the difficulties settle harmaliodsly. Dis
patches whic'! involved many knotty ques IONS and
were expected to give great ,leal OF trouble were
among these set led to sne mutu satisfaction If the
par les Men VII were ut expected t. DO any hing
AMI VIII hal laid they would do no,hius la col,s
Toward and put up salts ac,ory securi y. Tie COM
mittee had expcc e agreat number OF suslmnsiols
but as announce by Mr.. Bays, MT single one had
occurred. He believed the confidence was Iaid re-
| turning ~
C'en ing House MISUNDERSTANDING exchanges.
Sl352 ,loo cur ency balances, $2,6a,yi3; gold ex-
exth 'nga>, SolS, goll balances, S25j, 546
The flljwing Were the fiuc5ul.i ms in stocks to-
dly- New YORK Central opened at 9.i cash. Ii at
81 OF to 80 cash closed at VIZ q 9ls; u ion Pacific
a. cash an regular OF To 1873 cash. close at 19t "a
lJs Pacific Mail opene at IS for reg liar. down
to - cash. cl lsed $50 81 Western UniJn ope,ed
So cash. sol off to 6l., up to OH casa closed 66
@ 66t Erie opene at il, on to 500 up TO 5la ciosed
arr ~ al <