The Portland daily press., 1875-03-30

New York Stock and flonev Market.
New YORK, March 29-The events OF the day in
financial circles have been unparalleled Tor import
since the opening of the year. The activity ana
excitement in the stock market exceeded anything
witnessed in Wall street for long time past. Inc
opening was noted for great buoyancy and sharp
advance in some shares. This was followed by con.
siderable reaction but on and after the second call
there was renewal OF the buoyancy and subse-
quepy the biggest prices of the day and season were
made in some shares. The sudden advance in money
132 pei cent. per diem near the close OF business
had an unsettlng influence upon speculation and in
the late sales there was general reaction from the
extreme buoyancy Of the day. the decline ranging
compared with the closing quotations on SATURDAY
was from q per cent? so that the day closed WIN
considerable gain Notwithstanding the late reaction
and in the very last sales there was rmer tone ana
recovery in prices of II per cent from the de-
cline which followed the rise in money. Money was
active and dearer this afternoon in consequence OF
the operations on the Stock Exchange and IN the
Gold Room. Early loans on call were at "a . per
cent but late in the day there was an advance to
per cent? and just at the close 132 to 1-16 per cent
| per diem was paid. 800
Gold opened at 1l6s, went to 1t6a reacted to 1853,
lii and clos ed at 1867 the rates paid for Dor
70 ~iug ranged from q per cent. per diem closing
at per cent Foreign Exchange was dull all day
and lower and unsettled in consequence OF the gold
squeeze At the close the nominal asking values
479 a 1888 with active business at 4773 q 47o
for bankers long sterling and 4s2 Tor demand Inc
ant Treasurer paid out to-day $4,000 on account OF
interest and $13l 900 in redemption of bonds The
operations at the Gold Exchange Bank were-gold
gross clearances $50 $40, 600. Governments were
strong State bonds dull Railroad mortgages firm;
Union Pacific Sinking Funds selling at so q 923. In
stocks the business of the day was without preced-
ent in the history of the Stock Exchange The most
prominent stock was Union Pacific in which was
centered the greatest activity, excitement and ad
vance. The opening price was at b2, followed by
After this the stock rose steadily with few reactions,
and late in the afternoon reached SSH from TINS point
there decline to 65 and recovery in the hnai
sales to 664 Wabash rose from 14 q l6s ana closed
at 4l Erie advanced 20 354 but after many huctua-
lions closed at 3lt Western Union at the opening
advanced to II and closed at 75s Pacific Mail was
active early in the day and rose to 454, but after
many vibrations dropped OF to AZ 9 42s at WINCH
the final sales made; Northwestern rose TO 46s,
fell to 45s, recovered to 455 and closed at Lake
Shore opened at rs and closed at 1875 Rock Island
ranged from 1869 "a 1868 with the last sales at 1054;
st Paul common advanced from 80 to 1883, deemed TO
1853 and closed at 1861; New York Central sold at 1O
throughout the day. Northwestern preferred ranged
between 5Ss g 59a, and st Paul preferred from % g
563. The other changes were slight. The day showed
great increase in the volume of speculation and
will be long remembered for its immense transac-
lions, wide fluctuations and great excitement. The
total transactions at the Stock Exchange aggregated
$4,000 shares including 107 400 shares Union Pacc
$500 shares Erie 81 900 shares Pacific Mall 5IzOo
shares Toledo 81 Wabash, $4,000 shares Western Uu-
ion, $4,000 shares Ohio s. Mississippi, 1900 shares
Milwaukee & st Paul. 2600 shares Northwestern pre-
erred, 2300 shares Rock Island $50 shares New York
Central 1000 shares Indiana Central H. 100 do Lake
Shore. The following are the extreme prices: New
York Central 1Ol; Erie 35a q 3ls; Lake Shore rs q
731; Chicago 81 North Western 46a q 455; do pre-
Mail 454 q 49, st Paul 3Ss a 36s do preferred BOB q
Sc; Ohio & Mississippi 29S a %; Western Union II "a
75S; Toledo y Wabash 16s a 14a; Union Pacific 6Ss
q So; Indiana Central ST q St. The following is the
Clearing House statement currency exchanges Sl02-
1928 67 currency balances 1881 549 gold exchanges
81, 293 SIG; gold balances ST. l32, 800.
The following were the closing quotations OF Gov
eminent securities:
United States coupon 6s, 1881, ex-div. ...... 1911
United States 5-20's 1862 ..........."......1la4
United States 5-20's 1884,. LIB
United States $685. 1866 old. .12O4
United States 5-20s, 1865 new, ex-div. l193
United States 20's, 1867, ex-div.
United States 5-20's, 1868, ex-div. .l2Oa
United States new SIS ex... ......115s
United States 10-4O COUPON. ..................u5
The following were the closing quotations OF
Stocks:
Western Union Telegraph Cock div. ......"..75s
Central and Hudson r. consolidated. ....... 1005
Ere'. ......'.'...'.'sss'.'" Oh
erie preieTIeu. 40
Michigan Central... ..................... -. IS
Union racine sCocK. 63B
Illinois central, ex-d1v. .1024
Chicago " NorthWeStern ACKNOWLEDGEMENTS. 45s
Chicago a. Northwestern preferred. .......... 5Ss
Chicago q Rock Island. Observation-Disclosures 1853
The following were the quotations for Pacific Rail-
road securities:
Union Idcinc.;
Sinking Funds.