The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-11-29

New York stock and Money Market.
NEW YORK Nov. rs Mornino-Mon.y 7 per cent
1888. 11'''
NEW YORK. Nov. 2s-Egenina.- Financial circles
were excited to-day by reduction in the Bank of
England rate to per 1.-THE gain of 81 065 900 bull
lion by the bank for the week. the advance in seem
rites at London the decline in money to Al "a per
cent in the open market and by more peaceful re-
ports OF the Spani h question. All this caused n
buoyant feeling and prices advanced in the leading
stocks to II per cent. with large dealings On the
other hand gold and bull spectators we Q dsap-
pointed about the Spanish news.
London news After mer ian the coiirse OF specsla.
ton changed somewhat stocks being lower and gold
rmer, and during the afternoon the markets were in
feve.s con litiJn with frequent fluctuations The
fever was in the ascendency, it being reported
late the day that Sickles had left Madrid and al
that there was an increased activity in the navy
yards. The eec of this was decline in stocks and
rise in gold at the close of business. The was al
rumor of failures, which could not be autLenti-
Gated.
Money was in active demand all day at per cent.
to per cent. gold. The associated banks now boll
S357l0,00O legal tenders All increase since Wednes-
day of 100000 Secretary Richardson is repol ted
to be in the city comforting wi b prominent bankers
Doubed)
The following is the Clearing House statement
Currency exchanges, S72, 1876 1877 currency balances
gold exchanges 1885, 1923; gold balances,
to 10S for prime bankers GO days sterling and 1909 for
sight, but, however, il lowered to 1913 a. 10s5 The
actual business was at lUlH lUii DankeIS
days sterling, and 1851 "a 1888 for sight. The bank
ers were not drawing freely and the demand was
satisfied chiefly it'll some bills bought eculation
at lower prices early in the week. Commercial bills
were small supply and were sold up to 1914 G 1O9
This afternoon. however, the demand for Exchange
subsidized and the market closed weak at IQ7s for
prime bankers 60 days sterling. 1883 for demand The
dry goods imports for the week ending to-day were
1857 ,S65, and the amount marketed was sS212i
Gold market opened firm, advancing from 1853 a
109a subsequently selling at 1O94 ag in advancing to
1898, closing at 1893 The rates paid for carrying to-
day Were 1-32 Z, g. and per cent. gold, and flat for
borrowing. The Assistant Treasurer paid cut to-
day $3.50 acc unit of interest and S171,oO0 in
redemption of $50 bonds The cusio ON receipts to-
day S3J4.000 The legal tender eircula ion to-
dav shows an increase of S137 900 since Wednesday,
The days business al the Cola Exchange Bank
tollows-Gold balances, 81 ,3l7, 43S; curren-
cy balances l44S 30 gross clearances, Si3 00O
Central Pacific bonds closed at 80 "a 924; Union
Pacific 70 q 80 for rsts 10 q 7ot for land grants 573
"a So for incomes. State bonds steady. The firm
ness in gold and the continued increase in American
securities at London impaired streng tone to the
Government bond market, which closed firm. At
the Stock Exchange to-day speculation general
~ strong from the opening till about midday with an
advance in prices, ranging from "a II per cent This
improvement was lost in many cases, but after the
second call buOyancy again the feature of the
market. During the last half hour of busin ess de-
preston prevailed and some stocks declined to the
lowest point of the day the market leaving oil fever
ish. The volume of business was large and d.alina
excited throughout the day.
The following were the uvouatlons OF (,ov.rrr,,