The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-10-16
Boston STOCK Eis,.
New xoris stock and Money Market


NEW YoRE, Oct. observation-disclosures at Liz
per cent: and interest Gold at 1889. Sterling Ex-
change 107 l9 los.
NEW YORK.. Oct. 15-Erening.- There was con-
siderable uneasiness and depression at the opening on
wall street and at the gold and stock boards This
morning. and at the latter the situation early in tbe
gay was MARKED TX by heavy fall in values owing to
ry of stocks for cash to realize money! but there was
sndden change to extreme buoyancy, under
which prices advanced from to Oh per cent against
the decline Of from to per cent early in the iay-
The payment of the New York Central dividend had
something TO with the upward movement, although
it was largely the result of the manipulation by the
bears who covered their short contract Yesterday at
low prices and went long for turn. The announce
ment that the inluncions in the Grinnell case had
been vacated did not have any unfavorable influence
as no steps were taken to sell the collaterals-
This injunction question not thoroughly under
stood in its various bearings. The further increase
in the legal tender circulation also had some
Among the stories afioat on the street to-day was
one that Commodore Vanderbilt drew dividends ON
the $40 100000 of Central another that he had sold
large block of the stock to syndicate of Germans
and still another that he to lend the proceeds to
the Lake Shore Company to pay off the loan of the
Union Trust Company, and yet another that the
Lake Shore directors would issue second mortgages
bonds to pay off their floating Indebtedness and fit up
everything. These the street rumors affecting
speculation to-day. The failure of Gilman caused
some surprise, as the concern has always been con-
sentative and regarded almost beyond the reach of
any panic.
Money was very irregular and closer than yester-
day. In some cases the brokers accommodated each
a per cent for small lots, and in some cases i
per cent. paid for round lots. The increased ac-
tivity in the exchange made geeater pressure for
monep to-day. Grenbacks were 6rmer to-day and
more active, the premium ranging from q per
cent.
The following is the Clearing House statement :
Currency exchanges, S57 040; currency balances
S31l 1906; gold exchanges. S2.OO7 4o5 gold balances
$709,415
Foreign exchange was dull and decidedly lower.
bankers sterling having sold to 106 a 1864 for sixty
das and 1U7 a 107i for sight. Custom receipts to-day
S229,OOO Good Commercial sterling, with bills Of
lading attached, sole at 104a.
The total exports of produce from this port for the
week ending Tuesday amounted to 81, 025,771; de-
the corresponding week of last year were 767
and S5209052 in 1871. The total exports since JAN
ury LIST this year $3.50 601, against SIT
100 last year, and S1S3, PSI ,3O1 in 1871.
Gold opened quite excited and declining at from
1888 1851 advanced tot 1898, receded to 10s} re-
covered to 1893, and closing at 1888 The rates paid
for carrying to-day were Z, 1-32 1-l6, J. IS and
per cent. gold to flat for borrowing. The final rate
was per cent. for carrying The above rates re-
fleet the increased stringency in money.
The Asst. Treasurer to-day paid out S61,00o ac-
count of interest and SI6 900 in REDEEM ption of 20
bonds $780, 900 were received at the Assay office tc-
day. This makes total thus far received of 81
600.
The days business at the Gold Exchange Bank
was follows Gold balances, 81 27O 17S; CURRENCY
balances, S1.5lS 534; gross clearances S542 900
State bonds were dull and downward. Governments
were weak and lower early in the day but improved
at the close; 1865 advanced from 1l0a "a Ill., and
currency 6's from 1903 "a ITO. Stocks opened with
great depression and the whole list declined rapdv
touching lower prices than since the panic Just be-
fore noon there an improvement owing to a bet
ter feeling arising from the actual payment of the
New York Central dividend and other causes Sub
sequently there still more buoyancy and prices
advanced from to 81 per cent under large purchas-
es against decline of to per cent. before 2oclock.
The following were the q1otaCions OF Government