The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1875-05-18
New York Stock and Money Maraes.

NEW YORK. May 17-Evening.-The only inter-
stinp feature of Wall street to-day the speela
lion OH the Stock Exchange. Early in the day there
was a renewed depression with sharp decline in
prices Erie declined from 26 a 24s. and closed at
25a The decline in this stock the result partly
of continued discussion in regard to the finances OF
fine company. There is general feeling that some
with the London Banking Association and james NJ.
Cheney for the 100000 due account of the loan
Negotiated iii London: There is some talk Of passing
the interest on these bonds a means of reaching
settlement To pay the interest on S14,0O0,OOO
when the company only received sc, $1,000 is not
considered Justice to other bond holders, and this
opinion is getting to be quite general. Pacific Mail
fell from 394 a 3Sand later rallied to 3s5 Lake Shore
declined from 6S4 q 674 with recovery Of only per
cent at the close. Western Union declined from 77s
"a 76s, and afterwards to II. Northwestern COM
mon declined from 40 q 39a and afterwards recover
cd Union Pacific fuctuated between 751 q II, clos
ING at 76f. The early strength in this stock due
to favorable rumors about the Washington decision
and the large increase in the earnings for the first
two weeks in May. and the subsequent reaction re-
sultng from report that the Court of Claims would
not render decision until next week. This case in
wolves very large amount of money. about 100000.
more especially to the Union Pacific and Kansas Pa
cfc which do the bulk of the Government business
the plains n MabeSn e to raj ahe
cned from II @ SO. Ohio fell from 254 q Gag and
rallied to 24s. Atlantic y Pacific Telegraph was
steady at 25I q 25; Rock Island at 103a a 1O4l.
Money was easy at p per cent. OH call. Foreign
Exchange was dull at Sc q S63 for sixty days and
SO "a S9l for demand. Customs receipts $34o,OOo
Gold opened and closed at 116 with sales in the into
ror at 116l. Rates paid for borrowing were @ 164
per cent. for immediate delivery, and the carrying
rates q per cent loans were also made hat; me
following are the operations at the Gold Exchange
Bank-god balances ST. ,029; currency balances
721 1864 gross clearances $29699 060. The Assist
ant Treasurer paid out to-day 900 account OF
interest and $685. in redemption of bonds. The
following is the Clearing House statements currency
exchanges $96925790 currency balances 3d. OF
gold exchanges $10,140,S84; gold balances 81 123-
| 1877. Governments were firm State bonds dull. In
Railroad bonds the leading feature of late dealings
was an advance in Union Pacific hrsts from ioos 70
declined to 99s and 4ths to 97g Central PACING rose
to 1899. The earnings of the Union Pacific Railroad
the first four days OF May 1876 were $539 33 40
1874 S371 267 O2 increase in 1875, $l6S,26O3l The
transactions at the Stock Exhange aggregated 354,
900 shares the largest business for long time but
confined chiefly to few stocks, New York Central 600
shares Erie 1890 shares, Lake Shore 75S0o shares
North western 400 shares do preferred 700 shares
Rock Island 1850 shares Pacific Mail 1880 shares ST
Paul 1880 shares, do preferred 800 shares ONO q
Mississippi 800 shares Western Union &C. shares
Wabash 200 shares, Union Pacific 100 shares. The
| following are the highest and lowest prices: New
York Central 1853 q 1853; Erie 265 24s lake Shore
| 6sb a CIT; Wabash 11s a Ii; Chicago q Northwest
s " nTssrtsd St q SaS s Esss a
preferred 573 a $50; Ohio & Mississippi 254 q 24s
| New Jersey Central no; Delaware, Lackawanna q
Western 119 a 118s; Union Pacific II a. 751; Western
| Union 77a a. 76a; Atlantic & Pacific Telegraph 254
| a 249 Pacific Mall 391 q 38; Panama 1424 % al
| Indiana Central 81 @5.
The following were the closing quotations OF GoV-
| eminent SecurltieS:
United States coupon 6's 1881. ..............1 24
| United States 5-20s, 1862, ex-div. ..........11ea
United States 5-2Os 1864 ex-div... lis
| United States 52Os, 1865, old.ex-dv. 1901
United States 5-20's. 1865, ew.............. 1922
United States 5ZOs, 1901. .'.'''..'IaS
| United States 5-20's. 1865 .................123 1
| United States SIS. .......116s
| United States 1910 COUPON. .............""uIa
Currency US ...tlZ4
The following We're the closing quotations Of
1 Stocks:
Western Union Telegraph Cock div. .76l
Pacific Mall. .ooS
| N Central and Hudson 4. consolidated. .....105l
Eric.
Erie preferred
Michigan central. o93
Union Pacific Stock.
Lake Shore. 67a
Illinois Central, ex-div. .103!
WABASH II
Chicago q Northwestern. Observation-Disclosures. 39a
Chicago g. Northwestern preferred. ........, 53s
Atlantic 81 Pacific Telegraph. Observation-Disclosures. 24s
The following the quotations tor Pacific Rail-
| road securities:
Central Pacific bonds .103
Union IdcDC. ~
Union Pacific land grants, ex-int.. ............ OH
olnklig funuS.