The Portland daily press., 1873-11-01

New York Stock and Money Market.
NEW YORK, Oct. 3l-Norniag.-Monsy at per
cent. Gold at 1Os3. Sterling Exchange, long, at
1861; short 1881.
NEW YORK. Oct. 31-EreRing-T The money mark
et was stringent all day 70 ordinary borrowers at 1-32
q per cent per diem with the bulk of business at
"a per cent. Borrowers with gilt-edge regulations
and prime collotaras, in some cases obtaued money
at per cent. The discount market is nominal
The following is the Clearing House statement
Currency exchanges, S5l 76l $685. currency balances
S26 $685. gold exchanges, S4,09S 0S2 gold balances
Sy15,sO
Foreign Exchange opened dull at 1861 90 1864 for
prime bankers 60 dav bills and 1Os q 1881 for demand
but closed lower at log for actual business in prime
bankers bills 107 "a 10S for sight dIafs The custom
receipts to-day were 1868 GOO. The London advices
early in the day were favorable. The Bank of Eng
land to-day gained $50 900 in bullion. French
rites are reported inactive both in London and at
Paris.
Gold opened at 10Ss went sp to 1881, and closed
lower at 1851 a 1889 The rates paid for carrying to-
day 364, 1872 and per cent. gold and for Dor
rowing fiat the final rate was at l-33 pc: cent.
The days business at the Gold Exchange Bank
was as follows:-Gold balances, Ss2l500; currency
balances, S9O7,735; gold clearanees $34,73S,O 0O-
cnnn ASST PAD out today se9O on ae
to-day.
353, 1888, and the amount marketed was 81 O92 ESQ.,
The total payments to date ON account Of November
interest are s3,015,000.
The rumored withdrawal of Secretary Richardson
from the Cabinet was authoritatvely denied by pri-
vate dispatches from Washington to-day. Govern
ment bonds are lower. Southern State bonds entire
ly nominal ard Railroad bonds heavy. The stock
market opened weak and feverish and prices soon
touched the lowest points known for years; the de-
partially recovered at the second board the extent
OF (9 IL per cent, but another sharp decline took
place In late dealings At the close the market was
little steader again. The business to day was well
distributed and aggregated an unusually large
amount. The fluctuations were as follows New
York Central opened at s4 sold off at S24 off ST. of
cog, up to S1s and closed at Sis q s4 Ur ion Pacific
opened at 6f sold off to Isl q 15t and closed at 15i
to q and closed at 263 265 Western Union opened
at 90 sold Off to Az up to 4S OF to 46f up to All off
to 45 up to Az off to 46, up to 49, and closed at 46s
4sf Eric opened at 49, sold of to Az and closed at
All % As
There general feeling of pneasiness in Wall
street to-day which extsnded to all monetary eirclas
the outside prices Stock Exchange to-day touched
lower range than for years. 1t is believed that as
show decrease in currency; loan certificates,
however will continue indefinitely to aid the business
interests. The banks to-day gained S650OO0 in legal
tenders. The announcement Of Spragues paper go
ing to protest in Providence had further pcrcept
bic effect the market than that Of the failure OF
their New York trn, and it is hoped they will soon
that eventually holders Of their paper will pot lose
dollar, although the rumored suspension Of Clatn ~
Co was promptly denied this afternoon. Another
rumOr circulated later IN the day that they had
asked extension of their paper and that the banks
were willin to assist them. dozen other unfound
ed rumOrs current, but nothing reliable could
be traced to good sources. Added to these came a
statement that the directors of the Chesapeake "
Ohio road at meeting yesterday. decided to default
their November interest due tomorrow, although the
president of the road put in 100000 of the Si50O00
needed. They will make a statement and ask bond
holders to fund four maturing per cent coupons
There were rumors of other dividend defaults to-
row, but official announcement. The day may be
said to have generally closed with great depression