The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-08
New York stoch ana uonex nIarLe,


New YORK. Oct -Mornino.-Money at per
cent. Gold at 11ot Sterling Exchange at 107k q
1881. W
NEW YORK. Oct. 7-Erening.-Th monetary
markets to-day we're general very uuiet but closed
dull with gloomy feeling. In the Foreign Exchange
market there is scarcity of commercial bills The
produce cannot be sold, but that it is hard to move
produce from first hands at the West owing to the
scarcity OF currency here Money is obtanable
character and standing of the borrower FOREIGN ex
change closed heavy and lower the asking rates hav-
ing been reduced to 1911 a 1OSt At the close the
quotations for actual business were at 1O7 for prime
bankers sixty days. Sterling Exchange los for sight
l0s9 for transfers Commercial bills i06 a 107 Late
in the day rumors of mercantile failures had an I'M
settling effect although only failure was posi-
lively reported, and that in the sugar trade Among
been seem There is every disposition to do all that
is possible in way OF accommodation to merchants
and at the same time to retire. is practicable the
loan certificates VIII oh were issued expedien for
an emergency.
The customs receipts to-day were S297, OOO Money
was easy early in the day at per cent currency to
gold interest, but afterwards advanced to 1-16 "a
per diem, and finally closed at a per cent Green
backs were higher and in demand to-day for ship
per cent The legal tender circulation this afternoon
is S316,OOO larger than yesterday. Secretary Rich
ardson ex-Secretary McCulloch and Assistant Treas
urer H1llhOuSe held conference at the Treasury
this afternoon.
In the gold market the continued arrivals of bul-
lion from the other side did not affect the preminm
as too much gold has been sold sshort On account
of this influx the general feeling in regard to gold is
very feyerish and the price would drop oil but for
the outstanding short interest in the room. At the
Clearing House liquidation Is still going ON among
bankers and loan certificates further reduced
to-day. There was no feature in the gold market
from the beginning to the end of the day. the highest
price being 10s and the lowest 10s closing at 1lOS
q 11c}; the final rate on gold loans per cent.
for carrying.
The days business at the Gold Exchange Bank
was as follows :e-God cleared, S21 1884, 900; gold
balances, S669, $685.; currency balances SITS si0-
Treasurer mi f0-6a in, H.
5-2Os and S60,O00 coin interest on public debt
The following is the Clearing House statement
Currency exchanges, So, $50; currency balances
S2,4s4s74; gold exchanges. s1746,744 gold fbalan-
ces, $556,aI6.
Steamship Java brought 81 s15, 900 bullion TODAY
State bonds quiet. Government bonds closed strong
and in active demand throughout the day Some
large transactions are reported The greatesr actiy
ty in SIS and currency SIS; the former rang
ed at l08 q 1888; the latter 114 a 111s; 65s new
reached 1l33; 67s, 115t. The savings banks replac
made upon them, and this demand together with the
purchases of investors accounts for the rapid i'm
provement in prices In the Stock EXCHANGE lower
values prevailed under the panic to realize profits
offered by the recent sharp advance, Railway and
miscellaneous speculation were weak, and the vol
Shore, were less active than yesterday At the close
the lowest prices of the day current tina market
being unsettled and weak The fluctuations were as
follows:
Western Union fell off from III a 69a, rallied TO
70a declined 694, recovered 500, and finally sold at
Ssh Lake Shore opened at 77s, recovered to u.s. raj
lied and left off at TAI; New York Central declined
from 94l a 934 wabash from 4ss a 464; Ut ion Pacific
from 2Os "a 20t; Pacific Mail from 355 d 3is Erie adj
vanced fIom 40 q 49a, afterwards declined to 4T5,