The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1875-05-19
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New York Stock and Nonev Market.
Nsw YoRK. May 1s-Evening.-Money in ample
supply throughout the day at 2 q per cent; prime
discounts a per cent. and offerings limited For
eign Exchange, which was a shade frmer this morn
ing by reason of an expectation that there would be
no movement of the gold clique to distress borrow
ers was easier at the close Business on basis
OF 1856 % 1861 and 400 q 1901, about 4c lower than
this afternoon The occasion an advance in gold
and some talk that cash gold was to be made difficult
to borrow" There was no engagements OF specie for
to morrow's steame.
Exports of produce for the week were 81, ,551,
against So, 1854 for the same week last year. The
and 16 and co.ed 1164 with sales in the interior
at 155 q 1l65. Rate paid for carrying per cent.
and the borrowing rates were ag 1-6i per cent. !;
loans were also made tat. The Assistant Treasurer
paid out to-day $4,000 account of interest and
1857, 200 in redemption OF bonds. The following are
the operations at the Gold Exchange Bank-gold
balances 1850; currency balances 1921 1854; gold
cleared $20,527, 900. The following is the weekly
Clearing House statement currency exchanges $751;
$5,4l3,0sO; gold balances $S,760,1s2 Governments
were firm. State bonds dull District Columbia
advanced to 74a. Railroad bonds firm; Union Pacific
rsts were most active and advanced to 1U1R; Sink
ing Funds in demand at 92s.
Comparison of actual earnings and expenses of the
Union Pacific Railroad tor the month of March, 1876
and 1874 for 1875 gross earnings, S91s 96Su5 oper
atng expenses, 1927 0S96l net earnings, 1851, S344
per cent OF operating expenses 1885, for 1874 gross
earnings, 1857 026l5; operating expenses $41S 08U.50
net earnings, $26994565; increase of net earnings,
1921 779; decrease of operating expenses. $685.,
99O.S9. telegram from London reports the suspen-
sion of the city and county bank limited capital only
$15O,OOO
The stock market was weak and lower in the early
dealings the decline ranging from "a II per cent.
compared with the closing quotations Of Yesterday
The greatest decline in Michigan Central which
fell off to 67 Erie advanced at the opening to 264,
GIL a $685. Pacific Mail from SSa a 37s; Western
Union from 765 g 7eh; Wabash from ~ q II ;Northl
and New York Cen raf at w5s
Panama advanced from 1929 a IA. Towards one
O'Clock the market became firm and recovery OF
a pei cent. from the lowest point took place, ex-
cept in Rock Island, which declined from 1Ot q 1921.
The market at the close was little steadier, except
for Wabash and Panama. which were heavy and
lower. Wabash declined from III a 81, and Panama
144 a 1929 Atlantic q Pacific Telegraph was firm
at 25} q 253, ona report that the cable had been
with London; Lake Shore was pressed for sale, de-
ciined to 66a and closed at recovery of per cent.
New York Central advanced to 1867, and later fell to
t05 Pacific Mail was weak, selling down to 37f but
in the closing dealings sold at 37Sa375; Union Pacific
sold at 754 9 49, Erie fell to 25s and rallied at the
close to 25i Western Union touched 764 and closed
at 76S; Rock Island recovered per cent, selling at
1888; Atlantic q Pacific preferred declined from 16k
% 5a; Northwestern dropped to 80, and do preferred
preferred. The transactions at 1.-THE Stock Exhange
aggregated 250,000 shares, including New York Cen
trail 500 shares Erie 81 100 shares, Lake Shore 5000
shares Northwestern II 900 shares, Rock Island $500
snares Pacific Mail 49, 800 shares, st Paul HOO shares
Ohio & Mississippi 31OO sharss Western Uuion %. 2O0
shares, Wabash 10000 shares Union Pacific 1880
highest and lowest prices New York Central 1869 90
1U5; Erie 264 a 25s; Chicago 81 Northwestern 39s a
49, do preferred "a q $50; Rock Island 1U4 q 1889;
milwaukee, & st Paul So q 35R; do preferred 81 q
SCI; Ohio & Mississippi 24s "a 244; Union Pacific 764
q 751; Western Union II a 76a; Atlantic X Pacific
Telegraph 254 q 254; Panama LA q 1921.
lie following were The CLOSING quotations of Gov
eminent securities:
United States coupon 6s, 1881. :."............1 1874
United States 5-20's, 1867 ex-div. ..........116a
United States 5-20s 1861, ex-div."
United States 5-20's, 1S65. old.ex-div..
United States 5-20s, 1866 new. I22
United States 20s, 1867. .123a
United States 5-2O's 1868. 1929
United States 5's..... ........., 1864
United States 1910 COUPON. ..............,,.t17 3
Currency SIS l24a
The following were the closing quotations of
Stocks:
Western Union Telegraph Cock div. ...........76s
Pacnc Mali 3I3
N Central and Hudson r. consolidated. .104i
Erie preferred ............. '..........39
Michigan Central.... ........,.,........... 81
Union Pacific STOCK ....754
Lake Shore. bbH
Illinois Central, ex-div. .104
w WABASH ''.s.''.'''.s.'.'..',. 95
Chicago & Northwestern preferred. .".,,..," 53s