The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-04

NEW YORK. Oct. g. Mornina-Money at per
cent Gold at 110s Sterling Exchange long, at 1911;
do Short 1881.
NEW YORK Oct 3-Evenina.- The money market
has tended towards further ease The CHEST rates
on call loans to stock brokers to-day 1.16 and
the lowest per cent. per annum. The best mer-
are gaining currency ana the boarded legal tenders
are returning to market. Fully two-thirds of the
savings banks which are beginning to get back bonds
to replace those sold to the government during the
panic. About S14 100000 more oflega tenders
aloat. The treasury balance having been reduced
that amount in addition to the creation of loan
tifcates.
The loan committee of the Clearing House at their
meeting o-day resolved upon withdrawal of loan
certificates one million of which cancelled to-
day still further reduction will be made as fast as
per cent. with little doing. The premium on green
backs rapidly declining, the price to-day falling
lower the supply of bills having been increased by
the shipment to London of securities The ma. ket
closed with heavy feeling in foreign and marked
tations to 107 a. 10S4 but the actual business was at
much lower prices. The closing transactions were at
1861 q 1861 for bankers 80 day sterling and 1O71 a
1913 for sight. Commercial bills move with freedom
at abont los q 106 There have been consi cradle
purchases for the export of grain and breadsuffs-
Inc disturbance and low rates in the Foreign Ex-
change market here the last week induced some of
the foreign bankers who trade between this and the
foreign markets to import gold there being times
profit of q per cent. by so doing This accounts
dered.
Gold opened with more activity at 11os, declined
to 1884, but rose to no. at which rate it closed weak
The rates paid for carrying to-day were g. s. T. and
per cent. gold, and for borrowing fiat. The opera
tons of tn Cola Exchange Bank to-day were as fol-
lows: Gold balances, 1856, 200: currency balances,
1929, 800; the gross clearances were $50, 100000.
The Asst. Treasurer paid out to-day S24 900
count of interest and $4,000 in the redemption of
500 bonds. Custom receipts 1851, 900.
The following is the Clearing House statement
Currency exchanges, $5S ,573; currency balances
$3 osl2 gold exchanges. S2,6s7 445; gold balan-
State bonds were more active. Government bonds
active, advance more marked than yesterday The
heavy demand during the past few days has materi-
ally reduced the floating supply of bonds and they
are becoming as scarce before the panic The
highest quo atiops of the week cnrrent at the
close.
The Stock Exchange improvement in values to-day
closed with only 1000 shares of various stocks being
sold out under the rule 70 delinquent parties. This
is much better than generally anticipated and caus
ed very good feeling at the close. There
siderable purchases of dividend paying secur les to-
day for European account, and these impaired much
strength to STOCK Spectators. The savings banks
and investors free buyers of government bonds
Mercantile obligations are being met with prompt
ness. In the investment list general recovery took
place and a larger business done than usual. At
the close there was slight reaction in exceptional
cases. the general market leaving off at the highest
point of the pay. The failure of Albert Cole small
broker, was announced and sales under the rule ere
for his account.
The following is an exhibitors of the fluctuations at
the board to-day: Lake Shore opened at ~, up to
74t eff to 734, up 743 of TAT up 76 down IS up Isl
and closed at 755 q 49, VI ion Pacific opened at 2O
OFT 1873 up 2Ol and closed at 2O4 2OA; " S. coupon
Pacific Mail opened at IS: sold down to 81, up So,
down a5l. and closed at a5A q $50; Western Union
opene at 633 regular SO, Sc, regular 65s cash. up
66f Off 654 up 66s, off 65t up 66a, off 66s up $685. of
Cos Closed a at t g. On e. qP 81 asn off ST and
oered at 5Os without takers, but later sold at 5l4
sales at 507 oil sales of Erie preferred at 20 a 7O