The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-30
Receipts of Grain, &c.
New York stock and Money Market.

New YORK, Oct. 29-Mornino.-Mone at Z Der
cent = Gold at 1851. Sterling Exchange at 1861 q
1851.
NEW YORK. Oct 29-Eyenino.- Wall street was
considerably depressed during the day by the false
reports circulated relative to the firms Of A. g. W.
Sprague of Providence, and Hoyt Sprague e. Co. of
this city, but towards the close there was better
feen in all financial circles, when denials of the
statements that failures had occurred publish
ed.
In addition to the above reports the announcement
of increased activity and the dearness of money at
London with prospective advance in the bank rate
the decline in American securities at London, Am
sterdam and Frankfort. the panic Vienna and fail
ure of the Wechsler Bank there, had tendency to
produce depression and lower prices the Stock
Exchange,to advance the gold premium stfen sight
exchange on London and cause uneasy feeling in
financial circles generally. The change of tue Eu-
incline to the opinion that the Bank of England rate
will be advanc d in consequence. The continent is
drawing heavily on London. At Amsterdam the
decline in some of the new American Railroad bonds
is stated by private dispatches to be heavy.
The failure OF "a; German shipping firm is announc-
of The day the situation in Wall street was marked by
more quiet feeling although there is naturally much
anxiety felt in regard to the course of events in the
this afternoon and the rate after having been
advanced to 32 and additional interest, dropped off
to jer cent.
The following is the Clearing House statement
Currency exchanges, S4S Sill currency balances
81 2s2 gold exchanges. $2 1874 475 gold balances
The total payments of November interest without
rebate to the close of business to-day were
The amount of specie received the Assay office to-
day was 100000, making total since October 9Th of
Si,703,OOo: The Government to-day paid out $500
only in silver.
Gold opened firm at 1885, declined to 1881, later
advanced to los and at the close reacted to 10SA-
The rates paid for carrying to-day T. 6. 1872
and Lie and per cent. gold the final rate at
3-64 per cent.
The days business at the Gold Exchange Bank
was follows Gold balances, 81 o67 s45; currency
balances, $1,23S PSI; gold clearances $l9,327 00O-
Treasurer tO-0a G210
count of interest and $4,000 redemption of 5. 20
bonds. The custom receipts to-day were S233, OOO
Foreign Exchange was weak for sixty days sterling
and hrmer for sight The actual business was at 1904
"a 1869 for prime bankers 60 DAYS sterling and los "a
1851 for sight. State bonds dull and weak. Railroad
moderately active and without important change in
prices Bank shares duh and neglected Govern
ment bonds were weak and lower owing to the unfa-
balanced the advance in gold here. There was large
business in 1S67s registered at 1102 "a IIOI and cou
pom at 113 g 1i21.
The following were eto days Amsterdam quota
ctc LIST mortgage bonds 6s III ion Pacific stock 16l,
st. Paul preferred IS, Erie AZ. At the Stock Ex-
change to-day the market opened weak and lower,
prices showed decline of from to per cent. as
compared with last evening, and still lower quota
tons were made in early dealings, but the decline
was partly recovered at the first board. Later the
market became weak again and pieces made another
decline The occasion of this depression Appeared to
be the closing of contracts where the margins
loans had been exhausted, and there were conse-
ouently more stocks pressing upon the market than
feeling and partial recovery. The argesttransactions
were in Western Union and New York Central IVES
tern Union opened at ssh decline ofa, recovered to
54t, touche 52a and the final sales were at 52s New
York Central sold at S61 s55. SGT, S5a, s53 The re-
ceiyer of the Union Trust Company denies that Lake
Shore notes have been negotiated 1t is expected the
estate of Grinnel & Co. will be taken out of bank
ruptcy by arrangement with their creditors.
The following were the ulotations OF Government