The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-17
New York s,ock and azonex M.rhe,.

NEW YORK, Oct. observation-disclosures at per
cent. Gold at 1859. Sterling Exchange at 1861 q
1914.
NEW YORK. Oct 16-Erening Money worked
close nearly all day at Lie q 316 per cent. but just
before the bank accounts made up it offered
down rapidly in small amounts to per cent The
movement was so sudden and universal that many
regarded it having connection with the cur
rent speculation on the Stock Exchange, especially
as prices were bid up rapidly at the very close of the
market. Greenbacks were less active to-day at a
per cent, and at the final close the quotations
! "a per cent. premium.
The following is the Clearing House statement
SSsll 1913; gold exchanges. s3,s2i6i6; gold balances
Gold was very heavy and lower, declining from los,
q 1919, and closed at 10S. The prices touched to-day
the lowest since 1862 The rates paid for carr
yng were Lie, 1-s2 3 81 ! and 50 per cent and
fiat for borrowing. The final rate WAS l-32 per cent
The DAYS business at the Gold Exchange Bank
was iollows:- told balances s1o34, 3Oi currency
balances, 81 200; gross clearances SisSOi 0Oo
The Asst. Treasurer Today paid out $4,000 ON ae-
count of interest and $4,000 IN redemption Of %
ers are not in funds TO remit. The result Of this
a heavy reduction in rates. Bankers lowered asking
quotations of per cent. from l07 10 loo for sixty DAYS
sterling, and from les TO 100 for sight but the actual
business was at 1853 g los for long and io65 r. iUT
fat for sight Commercial bills are IN scod supply
aud dull at l0il q les. The customs receipts to-day
were only Si6l,00O. State bonds dull Governments
were firm early in the day, but closed lower in SYM
patty with gold The greatest decline Was IN le6ls
and is6ss which fell OF from H. 10 ma and M
spectively The Stock Exchange was dull a, the
opening and lower quotations were made shortly az
ter the commencement Of business but from now 70
the close there was more frmness, the advance on
the whole list ranging from 20 81 PEI cont. The
miscel aneous and railway speculation was irregular
but higher rates obi aimed at the close. Invest
ment shares were frmer and express shares made an
asyance over yesterdays quotations. The geuersi
market closed frn in time. AT the Exchange to-day
PhiliD shelter & Co., Woerrish0I,er q Co., Scott.
Strong 4 Co.. and Aleott & Co had their stock sold
out under the rule for account Of Grinne & Go. as
follows: 5000 shares Of Union Pacific at lss = 10.
800 shares Of Lake Shore at Cos 671 800 shares II
New York Central al s31 100 shares Pacific Mail al
S2I 200 shares of Rock Island at So, and 200 shares
of Northwestern at ssi. The heaviest transactions
to-day were IN the Vanderbilt stocks, Western I'm
ion, Lake Shore and New York Ccntral The nuetn-
atoms were as follows: Western Union oIened at
"a a 54i fell on TO Ssh advanced 70 56s reacted to
ISL and reached $50; Lake Shore advanced from g q
6sf fell oil to GA and finally reached I0i New York
Ctniral between SGT acess with the latest sales at
nearly the highest point VI iOu Pacific oened at lS
ADVANCED TO 10 aud closed at l9s g l3a; Pacific Mail
opened at 81 and steadily advanced through the day,
closing at 3It q $50.
The volume Of business was large amounting TO 3d.
900 shares between u and O'clock of these 500
shares were Western Union.
rhe following were the quotations Of Government