The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1873-11-19


Eastern Railroad. Observation-Disclosures. SO
New York stock and Money Market.
NEw YORK: Nov. 49, Mcrnima.-.Money at per
cent. Gold at 1904. Sterling Exchange long, 1864 !;
do short 1O8.
NEW YORK. Nov. 18-Evenino H. The situation to-
day, especially on the Stock Exchange, strangely
was marked decrease in the volume Of business
accompanied by lower values for securities and q
feeling of depression. Adyices from London report
shares in the face of easy Money Exchange there
had an unfavorabe influence here. Rumors Of
trouble at London were revived and cable quotations
gave some color to the same. During the afternoon
affairs in Wall street were unsettled with frequent
fluctuations. The order from Washington to recruit
subsidized when it was announced from washington
that President Grant anticipated peaceful solution
of the Cuban question, and telegram from Madrid
Money opened more active on call at Z par cent. ;
closed at per cent Inc assoeatsd banks now hold
S27,275,0Oo in legal tenders, being decrease since
The }SIlowing IS the Clearing House statement
Currency exchanges, $685. $751; currency balances
s245s56i; gold exchanges $2,sie.723 gold balances
Foreign Exchange was armer, and siEty days stsr-
ling bills have been advanced to 1859 but sales
made 0ss at per cent ~ ns sold at
tame at 1904 a 1854. Customs receipts S3sS,OO0.
Gold opene' at 109f, sold up to 1909, declined to
per annum to Of per cent: per day for carrying,
showing that there is but small short inters.t IN mar
ket Gold closed at 1Ue3 after selling at 1904 a 1lOl;
the feeling in the room at the close was little more
1901 per cent gid Il fat The Xssis ant TS yess.
Irer dsbursed to-day $l26 on account of interest
aud $43S,ooO in redemption Of $40 bonda.
The days business al the Qoid Exchange Bank
cy balanced si4s gcid Cleared SIS soo
In Railroad bonds fair business is remarked A
sharp advance is noted in Union Pacific land grants
to 70 Union list closing at 70 az 15A, wit after sales
SO to d3, with u as the present bids; C rails wer.
uoted a, 90 a %. Government bonds quiet fine MAJ
ket being steady In tone. State bonds small business.
doing. 'e
The Stock market was heavy and lower tho a.o,,,,,
ranging from to II per cent, and as oomparei w;
last nights closing quotations. from to 81 ner cont
The greatest decline was In Erie and North Western
preferred and the chief activity was in Western I'm
BASH The decline was facilitated by Continued sale.
OF real stocks in addi ion to those of the MAST NV
days The recent advances In prices enabled invest
ors who bought stocks before the lowest prices were
availed themselves of the opportunity This has in
creased the supply al stQcks on the market al tho
moment when some of the bull spectators also nm
l9aded freely, Several large short contracts were
or the sustaining elements Of speculation Tho mar
ket closed active and irregular with the decue part
ly recovered.
After the close of business defalcation was re-
ported IN the nstiona bank in Broadway, but on in
We ion was discovered there no defacatfon
sth6Ngh the bank has been loaning freely to sew
Ing machine company. The paper of the same has
gone to protest. The bank has capital of one mill
lion dollars and surplus Of $780, How far the
ture. The bank Is member Of the Clearing House
The failure Of a sewing machine company II an
nounced, probably the one referred to above.