The Portland daily press., 1873-10-25


New YORK. Oct. 24-MorRine.-Monsy at per
cent. Gold at 10ss. Sterling Exchange at 1904 q
lost
NEW YORK. Oct. 2i-ErenlHg.- Wall street open-
ed with heavy feeling Of depression owing TO una-
vorable reports current relative to the Union Trust
and Lake shore companies. This was followed By
rumors that the largest dry goods house in the cry
hal Jailed, but close Investigation revealed the fact
that the nrm actually up 70 its paper with ceri
fed checks. At the same time that this rumor was
floating in Wall street there was then another ra-
Eor that one more 81 the national banks was en-
bsrrassed but this was settled by manager Camp of
the Clearing House, who states that all banks are
ton IN bank circles gave evidence OF further i'm
provement to-day. Currency is still flowing thi.
way and many OF the banks now settle az the Clear
Ing House With legal tender notes, and the are
also paid out more freely the This ru-
NOR In regard 20 bank probably arose from the re-
change in regard 10 Edward Haight q Co. which re-
port mentioned the name OF Mr. Wheeock president
q the Central National Bank, OF the principal
customers ofshe firm. The Lake Shore and Union
Trust companies affairs finally settled up satis-
etorly BY Vanderbilt giving his notes tor $50 900
a. three six and nine months with Harlem stock at
20 a. collateral These mites Immediately nexo
tatsd ahd eashed Wall street by the Trust Com
IL i generally considered that he recent manic
which was mainly caused by the suspension Of the
company has learned It's directors and managers
severe lesson which viii be largely prOed by in III
future business management. Carleton the default
ing cashier has not been arrested yet though the be-
Lief Is curreut thar his whereabouts are not many
miles from this metropolis. The other rumors were
al set at rest during the day. and the cheerful aspect
OF monetary affairs was much increased by the an
nouncement OF great progress among the suspended
banking firms. AT large meeting OF the creditors of
Kenyon, Cox 4 Co. 10 day proposition was submit
ted which was accepted by all present, and it looks
as If this matter would soon be arranged Late In
the day n1re important announcement was made
that Fisk q Hatch had effected a settlement with
their creditors, the banks and the firm was
In q fair way to resume at an early day
Money loaned at per cent. to 1-32 on governments
and stock collateras The legal tender Circulation
to-day shows increase of <Sf0 nm afa
Rheip brought e2g5, 600 gold to-day. Most of the
railways which have interest to pay November LIST
money market.
The following is the Clearing House statement
Currency exchanges, S45,3917 49, currency balances
S63i,
Foreign Exchange was dull for long sterling and
hrmer for short sight, the closing quotations being at
for sight. -''
The custom receipts to-day were 1929 900. Gold
rying to-day were 81 ], A. a per cent. and for
borrowingfa 164 and per cent. the final rate was
per cent. for carrying.
The days business at the Gold Exchange Bank
was as folows:-Gold balances. S961.765; currency
balances, $l,o6o,6O5; gross elearances S24s49,OOO.
The Asst. Treasurer to-day paid out S35 600 on ac-
count Of interest aud S113O0O in redemption of 20
bonds State bonds ruled dull and heavy. There
was sharp advance in governments to-day and
higher prices current than for some lime past
There brisk demand for all the issues but mar
tenlary for 6s oflsS1 and 5-20s of 1857 and 1885,
hOt olOoEu Tic pOinC OF the day.
The stock market oleued weak at a decline of from
2s per cent as compared with the quotations cur
rent last evening There was further decline of !
g per cent. throughout the list in the early deal
iHgs, but recovery of q per cent ensued Short
ly before and at the first board after which the mark
ct was alternately weak and firm, continuing rregu-
lar till about o'clock under influence OF the de-
pressing and destructive rumors relative to Lake
Shore and of the failures but these having been dis
PEELED. the whole list became stronger and advanced
steadily to the close The recovery was heaviest in
Lake Shore, which went down to 81 and reacted to
d5s, closing at 65 653 The other fluctuations were
as follows Union opened at 56s, fell off to
"a and closed at 5e5 q 81 New York Central sold at
80, So, s9s Pacific Mail at III, 16a, ia.