The Portland daily press., 1873-09-24
New York Stock and Money Market.


New YoRR. Sept. % Erea,nd.-Atfairs generally
were quiet to-day, during the morning considerable
transactions taking place in The Cola Exchange. the
price huctuatlng from liz at the opening down to
Ills and closing al l12s. There some transact
tons in stocks the street for cash. Foreign Ex-
change was demoEalized. There settled price
for Money up to nearly o'clock. There was contin
ued cheerful feeling, but the announcement of the
sus7enson of Henry CIews & Co. threw everyi hing
back, apparently, and considerable excitement was
manifested for a time. Money was quiet and strin-
gent, and the price offered was per cent. per day.
Fifteen minutes after the announcement of the sus-
pension of Clews number of iron men Philadelphia
appeared oD the street and offered per cent. for
Money. Failing to negotiate their paper they ap-
pended their personal affidavit. bue that dill not avail
of receiving the money. They state they had been
paying OUT $4,000 day, and could not stand much
longer 1t is reportedsthat Richmond, Va, is the
of a crisis.
Gold opened at 49, advanced to 1l24, then fell off
to 1928 sold up to 112} and closed at 1925 the
rying rates have been 4, 5, and per cent and fiat
for borrowing The sales of Gold to-day were for the
most part Gold belonging to foreign houses, who are
obtaining the cursency for the purpose of trading in
securities. The operations at the Gold Exchange
Bank to-day were as tollows:-gold balances S4f5-
90 currency balances $3.50 1875; gross cearances
$i7,625,000. Clearing hons statement: Currency
gold exchanges $780, 1856; gold balances S2s7 Sf2 The
readiFe-s It'll which these clearings we're affected
and the small drafts upon banks from out of town or
local sources quieled apprehensions. evineed in
the falling Oft in the run savings banks. The As
sistant Treasurer to-day succeeded in getting So oO5-
600 of SO bonds for which he paid out legal lender
nhes. The amount of legal tender certificates re-
deemed to-day was $4,000 The Assistant Treas
urer to-day paid out $4,000 on account of interest
and $1,000 in the redemption of $40 bonds The to-
tai purchases of bonds by the sub-treasurer since
Saturday are S9,271,35O Gu toms receipts to- day
S404 900.
There was heavy break in Foreign EXCHANGE To-
day, anil prime bankers go DAYS Sterling sold from
1913 to 106, and good bankers as low as 100. Cable
transfers drawn at 1906 There is very little de-
mand for Exchange and pressure to sell broke the
market. At the opening of the day there was not
much excitement on A all str et Small knots of
brokers assembled in front of the Exchange on Broad
street and made market for the purchase and sale
prices made in opening .transaciions Central
80; Union Pacific 81 q %; Western Union &c a 10;
as follows: Pacific Mail So; Union Pacific 81 az %;
Western Union &c a 81. At the close the marke1
was wer when Y ,entra! was quoted at SO a 80 j;
Erie 81 a 80: Union Pacific 191 a 20; Western I'm
ion IS a 6i Pacific Mail 81 q 35 Speculative SHARES
were unquotable at the close During the last two
days or $500 shares of Rock Island stock have been
transferred in names of OUTSIDER who have invest
ed the lots, ging from FIVE shares hundred
shares If the Exchange is kept closed few DAYS
these outside purchases will form important re-
lief.
Mr.. Camp. of the clearing house states that S1O-
100000 of loan certificates have been issued up to
tonight. There will be meetinI of the associated
bankers tomorrow at 10 O'clock at Merchants Bank
The brokers to-day were meking settlmen between
themselves of old contracts, and it is estimated L.
QUO, 900 shares have been cleared.
The failure Of Clews & Co. left the street at the
close of business e oclock) in condition of vile ex-
element, and the headway made in restoring conf
dence up to o'clock to-day has been lost There
has been relapse, and damaging rumors are again
current.
A private dispatch received thus afternoon from
London says: "Messrs. Jay Cooke. McCuloch 6 Co.
are throwing out the crafts drawn by Messrs. jaw
Cook & Co. which have to hand since tue news
of the suspension was received"
All the papers here call on the governing commit
The feeling on the street is almost unanimous that it
should be kept closed for the present.