The New York Herald Newspaper, July 17, 1868, Page 7

‘ FINANCIAL AND COMMERCIAL. TuurRspay, July 16—6 P. M. The gold market has been very strong all day, un- der the operations of the speculators for a rise, and the fluctuations were from 142%; to 142%, with the closing transactions prior to the adjournment of the board at 142%, following which the quotation ad- ‘vanced to 1427 8143. Coin was in superabundant supply, and loans were made at rates varying from two and a half to five per cent per annum for carry- ang, The gross clearings amounted to $52,903,000, the gold balances to $1,406,741 and the currency Dalances to $2,031,580. The steamer Hansa, for Bre- men, took out $410,000 in specie. It is to be hoped that Congress before its adjournment will take up the subject of taxing specula- tive transactions in the Gold Room, and if the tax ts fixed at $50 on every $10,000 in coin it ‘will hardly be excessive. Where gold is intended for the payment of customs duties, however, its sale Must be exempted from the impost, and this distinc- tion can be easily made. Even if the tax failed to oheck materially the existing evils connected with the Gold Room it would bring in a considerable rev- enue, but the probability is that it would break up the Gold Room as @ speculative arena, and men, in order to evade the tax, would have to buy and sell stealthily and incur the attendant risks, In England, during the suspension of specie payments, such an institution aa the Gold Room would not have been tolerated, and those operating in tt would have been treated as con- spirators: against the public credit; but here Congress and the Treasury Department have aided aud abetted them in various ways, and the result is that gold is 142%, against only 125 in March, 1866, Neither in Congress nor the Treasury Department have we had any exhibition of a knowledge of the Anancial question, and the public credit has been damaged instead of improved by what has been done. In England, on the contrary, during the period we refer to, the public credit was jealously guarded by every available means and specie payments were fully restored in 1823 and partially so in 1821, the Napoleonic wars having terminated with Waterloo in 1816. Congress must now go to work to improve the public credit in order to accomplish the results. which were achieved in Great Britain; and her resources at the time were much smaller than ours have been, and still are; yet the gold premium there declined steadily after peace was proclaimed, and for two or three years before the resumption of specie payments the premium on coin was*very trifling. With an efficient Secretary of the Treasury ‘the country would be much nearer specie payments than it is, and the gold question is one which com- mands the immediate attention of Congress. An English writer differs from the grand prin- ciple laid down at the Paris conference of 1867 Tespecting a universal coinage, which principle ‘was first prominently advanced by Michel Cheva- Her, the coinage to be based upon a single gold Valuation, and argues in favor of a double valuation based upon both gold and silver. The alteration of the English standard from silver to gold effected in 1816 has been productive of mischief, although very much less than if the gilver standard had been uni- versally abolished. It is still retained in nearly half of Europe, and thereby about five hundred and fifty millions of silver currency is maintained through- out the world. The steady growth of population and commerce necessitates as large a growth of cur- Tency as it is possible to produce, provided it is in coin or paper, resting upon a sufficient foundation of coin and good credit, The writer in question re- marks ° Whatever difference of opinion otherwise exist among pol economists about the effects of the late gold discoveries, upon this one point all authoritics on the subject are agreed. wit, that thelarge increase in the supply of gold has given universal impulse to trade, commerce and industry and to general social development and progress, and shat it has considerably enhanced the material wel- fare and comfort of mankind. The mere ion of greater riches in the precious metals is in itself a direct gain and advance in general wealth, even in the most abstract acceptation of the term; the ma- terial, palpable 3 Of this advance in wealth are seen and felt in the stimulus and encouragement which a large increase in the universal capital must necessarily give to industry and commerce and labor and the increased production of all kinds of commodities, either in consequence or ti anticipa- tioa of an Increased demand for them. The stock market has shown a decided improve- ment to-day and the tendency of all the railway shares was upward, Reading, Erie and New York Central being especially buoyant. The indications favor an active speculative movement and con- siderably higher prices based upon the increased earnings of the railways in comparison with the re- turns of last year, the highly encouraging crop pros- pects and the abundant supply of money. Loans are now made mainly at three per cent on government securities and four on mixed collaterals, and first class commercial paper is &carce and in demand at 6a5% per cent. The domestic exchanges are nm favor of this centre, and there is no probability of anything more than a moderately #ctive seven per cent market for money at any time this year, or, in- deed, so long as the government is not a borrower and currency contraction remains stopped. Those who anticipate a repetition of stringency this fall are, therefore, likely to find themseives mistaken, the conditions affecting the money market having changed during the last twelve months, ‘There has been a revival of speculative activity in government securities to-day, under which prices advanced rather sharply, the stimulating cause being the further rise in gold. At the close the quotations were as subjoined:—United States 6's, registered, 1881, 113% @ 118)4; do., coupon, 113% @ 114; 6-20's, registered, 1093, @ 100%; 6-20’s, coupon, 1862, 114 @ 1143; do, 1864, 110% @ 111; do, 1865, 112 @ 112)4; do., new, 1865, 109%¢ a 10014; do., 1867, 1005; @ 109%; do., 1968, 1004 @ 10934; 10-40’s, regia- tered, 107', @ 108; 10-40’s, coupon, 107% @ 108%. 7.30’, third series, 103% a 10914; August compounds, 1865, 118%: September do., 118; October do., 117. At the commencement of business the stock mar- ket was firm but quiet, and at the early ses @ion of the open board prices showed @ gen- eral improvement upon the closing figures of iest evening. At the first reguiar board the volume of business was light and New York Central closed % lower than at the same time yesterday, Northwestern \, Milwaukee and St. Paul %, Tennessee sixes, ex coupon, %, new issue 1, and North Carolina sixes, new issue, 3; while Reading was % higher, Mich igan Southern 13, Cleve- land and Pittsburg 1%, Northwestern preferred , Fort Wayne 1, Western Union Telegraph ‘;. Govern- Ment secirities were firm and in some instances a fraction higher. At the open board at one o'clock the market was firm but dull. Following this, how. ever, it became strong and more active, and at the second resular board New York Central closed higher than at the first regular board, Michigan Southern +, Cleveland and Toledo Northwestern XM, preferred % and Western Union Telegraph %, ‘while Tennessee sixes, ex coupon, were % lower. Government securitiés were strong at an advance of 4% &% per cent. At the open board at half-past three the market remained firm, and daring the rest of the afternoon its tendency ‘was towards further improvement. At the close at half-past five the quotations were as eub- joined:—New York Central, 132 a 132%; Erie, 6814 @ 68%; Reading, 953% a 9554; Michigan Southern, 92.0 91's; Cleveland and Pittsburg, 86% a 86; Cleve- land and Toledo, 103 @ 103%; Rock Island, 108% a 108%; Northwestern, 79 a 79:{; Northwestern pre- ferred, 81 9 8154; Fort Wayne, 108%, a 10846; Pacific Mall, 100% @ 101; Western Union Telegraph, 36a BBY. ‘The following is the form of the order on the trea- gurer of ite Rock Island Raliway Company for the ten per cent dividend, payable on the ist of September, to ‘which we referred yesterday :— To THR TREASURER OF THE CHICAGO, Rook ISLAND ‘AND PACIFIC RAILROAD COMPANY, AT CuIcago:— Sin—Picase deliver to — or order the obligation of your company for the amount of the dividend de- clared July 5, 1868, standing in my name, and ratifyand confirm the issue and sale of the shares of stock issued and soid by virtue of the Tution Of the executive committee of the 13th of Se; 5, said —, or bw ment sash ratification and ‘The foreign exchange market continues firm and moderately active at rates allowing of @ profit on the export of specie, and commercial bills are tn very limited supply. At the close bankers’ bills on B, at sixty days were quoved at 110% a 110%; ‘@t three dava, 110% @ 110%; commercial bills, 100% a109%. Bankers’ bills on Paris at sixty days, 5.13%¢ a 5.1234. ‘The receipts for customs and the receipts, pay- ments and balances atthe Sub-Treasury in this city for the expired portion of the week have been as fol- lows:— Custom House, Sub-Treasury.————— Receipts, Receipts. Payments Balances. J 13..$255,437 935,474 213,025 192 suly Prime rte er tosos bert beogerer July 15.. 395,165 860,430 1,184,108 82,523,255 July 16.. 352,000 4,227,410 3,886,906 82,863,760 The following is an abstract of the quarterly reports of the national banking associations of New York city, showing their condition on the morning of the first Monday in July, 1868, before the commencement of business:— RESOURCES, Loans and discounts............+-++++-+-+$177,271,468 United States bonds deposited to secure CiOULALION......++-2s0eseeeeeesereess ss: 42,284,950 United States bonds and securities depos- and securities on id Bills of national banks Bills of other banks. Specie Fractio1 Legal tender notes. Compound interest notes. Three per cent certificates. AGRTCZALC... 6. 00e eer ceecerceereseees oo $441,318, 251 LIABILITIES. Capital stoc! 74,809, 700 Surplus fund 18,714,018 Undivided profits + 6,698,683 Circulating notes outstanding:— Natioi + 85,083,477 Individual deposits * av7,o06tI6r jual deposi eey 8 United States deposits. aoe ciaes 161, 566 Deposits of United States disbursi OMCETS.....4+.++-+ Due to national banks. * 69,325,850 Due to other banks and bankers. + 15,674,022 Aggregate....... stem eeecenwer s+ $441,318, 251 SALES AT THE NEW YORK STOCK EXCHANGE. Thursday, July 16—10:15 A.M. US 6's, ER, oH ree ame nenk 105: O00 Apts ves tadae ‘Western Union Tel.. i 21000 US 6 cot is; 10 P SS Co.bet c 100 00000 US $20, cb He 100 New York Guages. 4 Us 100 Adame Ex +100 Hudsoniti 137 100 Boston, Hart & Erie 1 20) Reading RR... 98 6's, "81, con 2, 6-20, 6, "63. 6's, 5-20, r, "62. iF ia s2an SesSibes $538 8 US 6's, 5. 65. 111! Ut eB oe lho 8 6's, 6-206, "65,0 1 do... ssene I 3 F| — BE: 30000 8000 ts 300 300 TolWab & West RE 4335 Ef Gforce Indlanapolis "9 10 American wr do Poe oO Tuvnsnay, July 16—6 P. M. Corton.—Receipts, #82 bales. The market was rather heavy at the opening, but quite steady at the close at the quo- tations subjomed. The demand was moderate and confined tospinners. The sales comprised 2,017 bales, We quote :— Uplands an Movie and New Orleans Florida, Memp)ir. eras” Ordinary... 281g Big Good ordinary. ce Low middii J 30 BOS 81g By 33 3e" aay 38 of no sales of Rio; prices were steaay, Other kinds remained dull and nominal. 8181 bbls. tour, 1,255 do, and 443 bags corn meal, 38, heis wheat, 90,357 do. corn, 13,228 do. oats, 298 do. rye,’ The market for ‘State and Weat= ern flour remained with no improvement or change of any kind. The demand continued very light and was mainly confined to the local trade. There was no change in prices, though a few sales were made on terms. trifle more favora dle to the buyer. California flour was dull, but prices were nominally the ‘same. were about 6,700 bbis. Southern flour was in moderate request and heavy; sales 225 bbis. Rye tour was in limited demand, but unchanged in value; 18) bbis. were diay tions, meal was unchanged Sapertine Stat Extra State Choice do however. FLOUR AND GRALN,—Roceipts, 161 bi i EESseowse% os SSSSUSSSSSSHSSS new $2 60 for white ern and 93 30 for Canada bid for No. 3 Mil strong under,» demand, but closed duil and and . The was no ‘of the offeri was common, choles ‘new. sore sales wore 95000 b ar O8 08 Bi 1Se Tor oatsed Wrest . oF i ity for shotes Oats do., almost yellow. private terme, and 648 Hors.—The mark ted no new features. We quote 1567 (crop, Be. a de, wdc. 1886 do., Ie. a 28e. and foreign sc, a . HAY was moderately active at former vig: 6c. 1 0c, for ‘hiring, as Wt 30 for retall tots, @t tor long NAVAL STORES.—| bbls. spirite turpentine and bat “igen, qr, srtibout._ decided ‘Change, ranging ge Sag and” dijo. New” York bbls, Rosta—Por the lower hee, hare was. 9 F548 demand at full coremon ty try ih dy No. i ga do. at $3 12 a #8 18%, abd 200 Dbis. No. 1 pale @4 60 & @ 58, latter price for a smail jot e: ed strained a $3.95) No.3, Bihg: No.1, vee #480; pal 3 i See aey atte atlas, ‘ me? easha While Mende Were alps cull Wel soehosee te ene td att By fea were very Ii egorvnlg. ony demand, mean, $24 @ $24 50, hogs io fair a at . the head. a for in mess and o70'h0 bbls, Tierce cians i at (mltons ia tins on. isivaerany ce ‘too. fo Pa NEW YORK HERALD, 5 iA FRIDAY, JULY 17, 1868. “ OY .Wau anda further 4 was See temo nem rr ‘on the int. at S4c., 6,000 for July at3de. = bey » O00 for Anguas a, a 85c. and 2,500 from August RIOK continued to rule quiet, but steady, at 1034c. a Uge. for Caroling and Bige. a 4c., ‘Rangoon in bond, SuGaE—The market was’ quick, there being. but little de- ‘and prices were heayy, Bot ‘quotably lower. BH hhds. at yc. a Iie, or Cube. and tiga, (or Seo 68 boxes at 1Bye. 5 1dige. Fhe fol eo eurrent, quotations: tlc, ‘siti, for fair to good refi efige for prineta hnio's “toe ite. ade. for coutrifugal and boxes), 9) 8 Lic. for molasses, Te. 8 for me- » 117¢c. a 1c. for No. 13 box, Ic. a Lise, for fair to prime refining Porto Rico, 11%e'a 12%c. for fair to good Bioek7suly: 8 1ois_sa, 130 “inte, Tignub ‘soses, $8,108 iegent rie “Refined was fat rope, ot ine Muotations ;—16%q¢ for ree ae ii taoh walls; and Iiiye: alike. for $3 The, golds duty pat old, duty paid. TAtLow was 10" ‘ules wore 60,000 Iba., at 1176 WHIskRY,—Receipts, none. tive and prices were nominal. THE WINE MARKET. There being no prospect of Congress arriving at a definite settlement of the much vexed tax question, the wine and spirtt market still continues dull and depressed. No change for the better is possible until the Legislature renders its decision, ‘and even then it Is by no means certain but that the change may not be from bad to worse. However, to the majority of the trade anything will be preferable to the present ruinous uncertainty. Some little business was done in Cognac brandies during the past week, quite a lively demand prevailing for the gen- uine 1865 vintage. The tmportations of 1886 rank favorably with the new importations of the 1868 vintage, and as they can be obtained at @ leas price preferred by the trade and consumers. fome transactions in 1865 at 85 50 a @6 65, gold; importations of the same sicnage bell 635, and in fair request. The hilly on a par with the presen! revious quotations are maintat yy consumers for Holland gin and St. Crofx rum at full market fre No large lots are changing hands, the small- ness of the stock keeping prices above speculators’ views. The stock of Marseilles and Cette wines is rapidly dimtniah- ing, and there is very active demand for sinall lote at full grades are in ing offered prices. Sherry wines of low to medium good request, but the stock being unusually low prices are well Taaintalned: ‘The stock of claret wines fa cased is rapidly be, coming exhausted, and before long the buyer will be compelled toresort to the wines bottled in this markek, many lots of whieh will compare favorably with the imported at the same or even higher figures. There are plenty of buyers for goods at apeo- wlative prices, but small stocks are not conducive to tranaac- Hons of this nature, holders generally being deter ¢ goods shall realize the full market value. Every species of merchandise connected with the wine and spirit trade has ‘an upward tondency which cannot be checked otherwise than by large importatfons—a remedy which no one has the courage to apply at the present critical moment; but when the tax upon domestic whiskey 1s determined we may look for more activity in this line of business, We quote as under (foreign articles in gold) :— a ——Vintage of —— Cognac Brandes, 1965. ct amas 3. @F. Martel... sss $340 9570 BB BO James Hennessy & Co. 580 6 6007 00 Ditto, importation 1866. 5 60 5 65 = Otard, Dupuy & Ci 5% 57 675 Ditto, importation 565 = = Renault & Co. 5% 868% = 6 Vinegrowers’ Company. — —- 6% Pinot, Castillon & Co. 595 — 68 ‘Thomas Hine & Co. 535 5656 BO Sazerac, De Forge pa —| 3% Maret £ Co. = - 6 85 Leger Freres. = - 1% E. Vignier, Dodart & Go. 5% = 6560 J.D. Castlilo & Co... Sas Cect = 70 OCHELLE BRANDIES.—Pellovoluen, $4 95 = 85.10 per jan ; A. Selgnette, $4 90 a 85; Hivert Pellevolsen, $4 9) a Alexander Seignette, #490 a 8; ‘A. Rasteau, $4 90 a 4 ete, 84 908 lope Belguetie, $4 85 a 0 Selgn Lafayette, 84 90 n 85. GIx.—The foligwing quotations are for 3< pipes (foretgn ar. ticles are quoted in \d) :—Nottebohm's tree, #3 25; 50; Swallow, $3 25; Telegray oe 25; Olive Tree, 8 25; Imperial Cavlnet, $3 40; Comet, #8 25; Engine, g3 ab; Windmill, $2 30;, Booth's, Cordial, #8 80; ‘Tanqueray ordial, 83 50; Meder’s Swan, $5 25, currency; Grape Leaf, ot fi otal #448 85 Ber enllons St Crots, 98 70 0 if 0 ica, $3.86; New Engin Wutisxny.—Scotch, $4 25 per gallon; Trish, §4 50: Ken- guoky (in bond in New York), ‘$1 3 a $3 60; rye do., 81 95 a Orriaee vot eas “$8. ion; Burgundy, port, 9c. 1NRS.—Po per gallon; Burgundy, 5 8 1 40; ah “yt 25 n G8; aherry, Marseilles, Bc. & bac, Ma: deira, $4 5 Bio; Madeira, Marseilles, 7hc. a 8lc.; Malaga, aweel, $1 05 a 81’ 50; Malaga, dry, 90c.'a $15; claret, bhds., $88.0 glb0; claret, oases, $8 a CHAMPAGNE.—The following quotations are for quarts, without the usual unt :— Iper Heldsieck, #20; Veuve liq 50; 8. H, Mumm & Co ‘Roeder ‘® $95; Jules Mummié Co., 820 a $4; Heldsieck & Co.. 844; Moet & Chan: $20 0% art, pere et fils, #20 a & FM; caber champagnes, id upwards. mn ‘London we learo ba Vordeanx advices co! nfirm pre- vious satiafactory reports of the prospects of this year's vin. tage, the weather being all that could be desired. Under these circumstances a reduction was anticipated fn the prices hitherto demanded for 1866's and 1807's, which have all along been much exaggerated. ‘The 1865's, however, continue ver firm, and as these fine wines are gradually being cleared o no lower value 1s to be looked for. The Bordeaux market is dull, the only sales noted being the Chateau Yquem, 1968, at at 211, ‘and Latour Blanche, 1565, at £35" per hha. ‘The iatter price Is illustrative of the ‘upward tendency of the vin! “ey similar wines having hitherto been sold at not tmore than per bhd, OFFICIAL TRANSFERS OF REAL ESTATE YESTERDA TRA: Stanton at, No 99. ‘Teh at, wa, 219.8 ft Sth at, between Ist 16th ‘88, 250 fle of 2d av, 25: 1 8, 410 ft e of 6th av, 10)x1:9.10. W Cor of 76th st, 102.9x100.... Sth av, ea, W).7 fhe of Goth st, 23.8x10). Sth av, @ 8, 114.3 ft 8 of Sith st, 23.6x100. LEASES RECORDED IN NEW YORK. Broad’ No 654,-u) art, 6 years 4&9 months, per ear. cat i 418 and 419, 6 yours, pe 6th st, No S11 (store floor), 3 yeara, per yea: NEW JERSEY. Jersey City. CUNARD SEAMEN INJURED DURING A HEAVY SkA.— During the voyage of the steamship Cuba, which arrived at this on Tuesday, the vessel shij a heavy sea an lght of the cw were arte froin the forecastle to the main deck, from which they sus- tained jserious injuries, two of the men having had their legs broken. A subscription was opened by the passengers in behalf of the sutferers, and the sum of £25 was Hackensack. A Man KILLED ON THE RAILROAD.—About nine o’clock on Tuesday morning 4 man named Daniel De Moreau, a Hollander, employed on the Hacken- sack and New York Railroad, was run over and Killed on the track. At the time of the accident he was standing on one of the gravel cars, the train was moving at a slow rate and as he was ping off the car on a pile of sand close to the track t! way and he fell or rolled under the cars, w over him and cut both legs off close to his bong A coroner’s jury rendered a@ verdict of acci- dental death. Newark. AN AFFRAY of 8 rather serious character took Place yesterday between Charles Taylor, a carpen- ter, and David — @ blacksmith, in the place.of the latter on South U) avenue, Smith was badly injured about the and limbs. ATTEMPTED SUICIDE.—The woman Rebecca McLean, who now states her name to be Maggie in the cella, she being insane, made @ desperate effort to hang hersel! her dress in shreds and formed a rope, with which ie was found sus- pended from the bars by the doorman just in time to save her life. Milburn. A Buraiar is reported to have been shot at this Place while attempting to enter the store of a Mr. ith early erday morning, and that the dead foay was Paveequently iecovetea: ‘Trenton. Drowntna CasvaLty.—On Wednesday evening a young man named August Reimer, while bathing in the feeder at Warren street, was drowned. The body was not récovered till yesterday forenoon. Deceased was a school teacher in the Lutheran church and was about twenty-four years of age. ACCIDENT TO A SOMNAMBULIST.—A young man named Elwood Buckman while in bed on Wednes- day night dreamed that he was plunging in the ‘water and jumped out of a three story window. He ‘was taken up insensible and still remains in a preca- rious condition. PoLiTIcaL.—The democrats of the various wards held preliminary meetings last evening for the pur- them at the Wednesday fy hem Layo} on next. ted cbse more Toagod in tho Beate Prison oa @ay afternoon. Description of the Coal Reglons—Celliers and Miners—What Led to the Present Strike—Its Progress and Its Probable Result—Feelings of the Operators—Ugly Aspect of Affairs. Mauanoy Orry, July 16, 1863, Situated near the western boundary of the State, about equidistant from New York and Philadelphia, the rival commercial emporiums of our country, is the great anthracite coal region of Pennsylvania. A clear and beautiful river threads its way among the mountains celebrated for thelr magnificent scenery—foreign tourists call it the Switzer- land of America—in which this coal re- gion is embraced. The anthracite coal re- gion of Pennsylvania occupies but a@ small space on the map; but underneath the mountain heights, the rugged and divorced offshoots of the Blue Ridge range included in this limited one of only afew square miles, are annually excavated, prepared nd sent to market millions of tons of coal, an ar- ticle that haa grown into inestimable, not to say indispensable utility in its relations to the multi- farious wants of our present life and advanced pro- gress in civilization and the mechanical arta. Mil- lions of capital and thousands of laborers are em- ployed In working these mines. A strike in pro- gress among the laborers, by which work at nearly all the collieries has already ceased, makes this mining region a scene of unusual interest at the present time. A long preliminary description of this coal region and the number of collieries and laborers employed, together with a statement of the scale of prices un- der which the laborers have been working and now ask to be employed, is esssential to an intelligible comprehension of the nature and extent of the strike in progress and the results likely to follow a persist- ence in keeping it up, and a like persistence on the part of the operators in refusing to accede to the de- mands of the strikers. Four counties, Schuylkilt, Carbon, Luzerne and Columbia embrace the mining section. This section is divided into five regions, known = respectively as the Scranton, Sehuyl- kill, Wyoming Valley, Lehigh and Shamokin regions, and these are subdivided into basins corresponding in number to the number of coal veins in each region. The veins run very nearly parallel, with intervals varying from four to twelve miles be- tween them, In length the veins vary from fifteen to thirty-tive rhiles, and from one to four miles in width. The following table will show the approxi- mate number of collieries in each region, the number of laborers, and amount of coal taken out last year:— No. of No. of Last Year's Regions, Coltieries, Laborers, Coal—Tons, Scranton ........ 70 10,500 4,000,000 Schuylkill. 9,000 4,000,000 Wyomtny 6,000 2,500,000 Lehigh. 4,500 3,000,000 Shamokii 3,000 1,000,000 Total. 33,000 14,500,000 Most of the coal region is owned by parties in New York and Philadelphia, and is leased to the opera- tors (the leases running from ten to twenty years) for a royalty from thirty to fifty cents a ton, accord- ing to the quality of the coal, that of the Lehigh region being considered the best. Previous to 1820 all the coal shipments were on rafts down the Lehigh river, but with the increasing demand for coal and increase in mining, canals and railroads have been built, and through these channels of transportation are annually transmitted to market the many mil- lion tons quoted above. The expense of working the mines varies very materially, those highest above water being attended with the least expense those farthest below requiring additional outlays for steam pumps and other heavy and costly machinery. ‘The amount of capital employed is immense. Each colliery costs from $75,000 to $100,000, and then large sums have been invested in canals and railroads and tunnelling, as for instance the recent tunnel through the base of Locust Mountain, three-quarters of a mile in length, There are three classes of laborers— viz., miners, loaders and drivers, and outside labor- ers. The first two classes are paid according to the amount of work they do, the miners earning about $3 a day, and the loaders and drivers $2 a day, and each only working from six to eight hours a day. Thé outside laborers are paid $1 50 a day, and were required to work ten hours a day. With this last class the strike originated, and consisted in a demand of the same compensation for eight hours’ labor. They based their action on what is known as the “Pennsylvania Bight Hour law,’ passed at the last session of the State Legislature. 18 law reads as follows:— 1. On and after the Ist of July, 1868, eight hours of labor between the rising and setting of the sun, shall be deemed and held to be a legal day's work {n all cases of labor and service by the day where there ia no contract or agreement to the contrary. 2. This act sball not apply to or in way affoot farm or agri- cultural iabor or service by the year, month or week; nor shall any person be prevented, by anything herein contained, from working as many hours overtime or extra work as he oF she may scem fit, the compensation to be agreed upon be- tween the employer and the employe. 3%. Allother acts or parts of acts relating to the hours of labor which shall now coustitute @ day's work {n this State are hereby repealed. Through these outside laborers striking, the minera and loaders and drivers, though perfectly satisied with the wages they were receiving, were obliged to stop workiug. These outside laborers thus initiating and now controlling the strike number about five thousand men. Most of them are young Irishmen, reckless, daredevil fellows. On the 6th instant the strike began. There were muttered whisperings and threats before this time. The original intention was to strike on the first of the mouth, under the color of right and a justification in doing 80 presented in the jegislative enactment quoted above. Want of organization and agreement upon a plan of pro- cedure delayed, however, any overt demonstrations until the date mentioned, At le when all was ready, the tocsin of war was sounded, the flag of de- flance was hoisted, and with drums’ loudly beating and the ear-piercing fife giving martial effect vo the scene, the strikers began their work, or rather ceased work, and began compelling others to do the same. The first strike was ata place known by the su; tive name of Dark er, near Gtrardsville, about seven miles from here. The outside laborers at two collieries stopped work, and with those wonderfully persuasive ar- guments, pistols and bludgeons, induced miners and loaders and drivers to also suspend em- a. Compelling to fall in line they continued their course up Mahanoy valley and soon had sour hundred in the line of march, Pisiois were furnished large number, but it waa made a military necessit) carry bludgeons. Arriving here, the quarters of the movement, the proceasion, with music aud martial tread and banners, and biudgeons and pistols in pockets, marched up and down streets of the town. It was a gala occasion; it was a grand frolic. The leaders were liberal in libations of wiiskey and assurances of success, and many more fell into the ranks and very willingly, in consequence, After consultation it was decided to hurry up the move- ment with all possible rapidity. Accordingly three parties started from here, one to the Lehi eat ‘another to the dam near Pottavilie and third to Tamaqua and thence down the Schuylkill valley. They had it all their own way and in their respective lines of march work at every col- Kery. In re there are only three collieries at work. are near Pottaville, and the reason of their working is because the own- ers of the furnaces and x ny in the vicinity, go which must have coal or at very heavy loss are paying the old rate of wages under the ten hour system for eight hours’ labor. op in the region of Wiikesbarre all the collieries are sto} |. A committee left for there rd. pquest & BLO] page of work, epuuee is rt given’ the probability is that a e and well armed delegation of strikers will speedily make known its presence in that neighborhood. {[t is @ foregone conclusion that within a few days there will not be @ colliery at work in ail this coal $s ion, except occasional ones to su furnaces on rolling milis with coal on the just described. The operators of the mines, if their own a market is very dull and the prices such as ruled before the war, when and machin and the necessaries of life were nearly flity per cen! lower than they are at present, Sse ne ho setantaus = vance the rice. On thelr part, theres <4 very the present strike, though ft JAPAN. | American Oficial Account of a Hart Karl Execution, Wasnineron, D. C., July 16, 1868. ‘The following letter of Commander Creighton, of the Onited States Navy, describes the hari kari exe- cution witnessed by him at Hiogo, Japan, of the officer who commanded the troops who fired on the foreigners. It is an oMcial American acrount of the death fully described in the special pn ip the HERALD on the 224 of May and 8d of July:— THE OFFICIAL REPOR' States Navy, Wi = Siz—I have the honor to communicate the par- tieulars of the execution of the Japanese nice, Fati Zangutaro, retainer of Matsdaira Bizen No Kami, who ordered his troops to fire on the foreign- ers at this place on the 4th ult, This execution was witnessed by mo at the request of our Minister Gene- ral, R. B. Van Valken! ‘and 1s as follows:— T left the legation at about nine P. M.in company with the officers attached to the foreign legations and proceeded to Hiogo, where we were met by a OR, WHO. escorted us to the temple where enee yn was to take Diane ere Was a large number of le on each side of the street leading to the temple, aud quite a num- ber of soldiers drawn up inside and about the tem- le. We were shown into ® room adjoining the japanese officials, where we were asked if we wished to question the person about to be executed, to which we answered in the negative; they also took the names of every official present. r waiting about half an hour we were con- ducted by the Japanese officials into what appeared to be the principal room of the temple, which was lighted with candies, and in front of the altar was a ed platform of about a foot in height, which extended across the room, and-we were placed on the right of the altar, within a few ‘eet of where the execution was to take place, with the Japanese of. cials on the left, In front of the altar was a green cloth, and in front of that a redone. We were in- formed that the execution would take place on the red cloth, Seating ourselves upon the mats on the platform we waited the execution. In a few moments the prisoner came in, dressed in the usual Japanese dress, of a person of rank, ac- companiea by the executioner, who was and most intimate friend, He walked with A firm step infront of the altar, where he knelt in prayer. Hethen arose and went to the red cloth, where he knelt and made the confession that ‘he was the officer that ordered his Eroopa to fire pee the for ers and also to fire upon them when they were trying to escape,” and that he was sorry for what he had done. He then disrobed himself to his waist and reached out for a knife that wasnear him, which he thrust into his bowels, and drawing it towards his right side and leaning forward at (he same time, the exe- cutioner with one blow from his sword severed his hafere his body. ‘This occurred about half-past ‘The Japanese then bowed to the floor, on which we all did the same. We were then asked if we were Satistied with what we had witnessed, when we re- plied in the affirmative. After the la of a few moments we were in- formed that all was over, when we arose and took our departure. The whole scene was one of at solemnity and very impressive. Very respectfully, your obedient seans J. BLAKELY OREIGHTON, Commander. THE WEEKLY HERALD. The Cheapest and Best Newspaper in the Country. The WEEKLY HERALD of the present week, now ready, contains the very latest European News by the Cable up to the hour of publication; Telegraphic De- Spatches from Mexico, Cuba, Hayti and other points; Banquet to Reverdy Johnson; a Trip Across the Andes; a Reconstructed State; Description of the Island of Juan Fernandez; Washington News; the Ourrent News of the Week; the Fashions; Amusements; Varteties; Facetim; Scientific, Sporting, Political, Re- ligious and Literary Intelligence; Editorial articles on the prominent topics of the day; Our Agricultural Budget; Reviews of the Cattle, Horse, Dry Goods and Boot and Shoe Markets; Financial and Commer cial Intelligence, and accounts of all important and interesting events of the week. ‘TERMS:—Single subscription, $2; Three copies, $5; Five copies, $8; Ten copies, $15; Single copies, five cents each, A limited number of advertisements in- serted in the WEEKLY HERALD. ~ MARRIAGES AND DEATHS. Married, BLUMENTHAL—Korret.—On Wednesdi at the residence of the bride's brothers, Sternborger, Mr, JULIUS BLUMENTHAL tO Miss REGINA Korrrt, of this city. San Francisco (Cal.) and Hamburg (Germany) pa- pers please copy. Coorer—HarLow.—In Brooklyn, on Wednesday, July 15, by the Rev. J. T. Duryea, D. D., Mr. H. B. Coorer, to Miss EMILY G. HARLOW, all of Brooklyn, CLIFroRD—LOUGHRAN.—On Wednesday, July 15, at the Charch of St, Paul the Apostie, by the Rev. J. Bodiish, THOMAS B. CLirvorD to ANNIE M. Love@H- mr daughter of Charles Loughran, Esq., all city. NeEWKIRK—LAWSON.—At Hoboken, on Wednesday, July 15, by the Rev. Alfred Harris, George New- KIRK, of Chicago, Ill, to HELEN M. ‘LAWSON, of Ho- boken, N. J. No cards, RosBins—MCK £aGe.—On Wednesday, July 15, by the Rev. Samuel Corneille, at the residence of the bride's father, WILLIAM H. Ronsins to EvIza JANE McKgaGg, all of Brooklyn. July 15, ev. Dr. , of Chicago, Died, ApAIR.—On Thursday, July 16, ANDREW ADAIR, aged 26 years. Relatives and friends of the family are respectfull: invited to attend the tuneral, from the City Hotel, Hudson street, Jersey Oity, on Saturday morning, at ten o'clock. ALLER.—On Thursday, pod 16, Many JANB, wife of Joseph B, Allee, in the 51st year of her age. The relatives and friends of the family are invited to attend the faneral, from her late residence, No. 90 Lafayette avenue, Brooklyn, on Sunday afternoon, at three o’clock, AMMON.—On Wednesday, zaly 15, MARIE AMMON, ‘The friends and relatives of the family are reapect- fully invited to attend the funeral, from the residence cod ag avenue, this (Friday) afternoon, at two o’cloc ANDREWS.—The remains of BLANCHE ANDREWS, daughter of Loring and Blandina B. Andrews, having arrived from Pau, France, the funeral ser- vices will take place this (Friday) morning, at ten o’clock, from the Presbyterian church, corner of Fifth avenue and Nineteenth street (Dr. Hall's). ‘The relatives and friends of the family are invited to attend without further notice. Bogan.—On Thursday, July 16, Patrick J. BoGan, tn the 26th year of his age. Dearest Patrick, thou has left us, And loss we deeply feel, But ‘ts that has bereft us, He can ail our sorrows heai. The funerai will take place from his late residence, No. 206 West Twenty-seventh street, near Seventh avenue, this (Friday) morning, at haif-past nine o’clock. The relatives and frien re reapectfully invited to attend. BoppincTon.—At West Hoboken, N. J., on Monday, July 13, JoHN Boppineron, of Cuddington, Ox- fordshire, England. 61 years, 2 months aud 26 days. Interred ‘onkers, New York. Cargy.—On Thursday, July 16, of congestion of the brain, Micuatt Cakky, & native of Derryhinah, county Galway, Ireland, in the 55th year of his age. His friends are respectfully invited to attend the funeral, from his late residence, 131 Hudson street, to —— Cemetery, on Saturday afternoon, at two o’cloc CnurcH.—At Fairhaven, Mass., on Tuesday, July 14, after a short fllness, CHARLES DAYTON, F ie it a of William P. Eunice Church, of klyn, D. Conn.—On Wednesday, July 15, Josera Corn. ‘The relatives and Trietds of the deceased are re- spectfully invived to attend the funeral, from his late residence, No. 439 Canal street, this (Friday) morn- ing, between nine and ten o'clock. ALY.—Suddenly, on Thursday, July 16, ParLir DALY, in the 34th ‘nae of hia age. eee Ofnerah thie Verda) aivernoody Mt attend the fun ( at Fortyot by from his late residence, 454 ret 5 Thursday, July 16, Pataice Douay, of Ascarah, county Galway, Ireland, in te 62d yeat of his and friends of the family are respect- jl ‘ited to attend the funeral, from his late resi- Pedy tt de in PN at elite eeate U. 8. N., in the 56th year of his age. so itis frienda,-and those of lus brother, ‘Bees Grit street, bon, are respec invited to al from his late residence, woo 8 ‘Weat Forty-first Rear Ninth avenu ‘this (Friday) mo! residence, Thirty-f¢ ‘Third avenues, full aay afternoon, at one o'cl mother, on arncnepiay Ae son of Maria and W: 42 years. The relatives and friends of the family are respect- fulty invited to attend the funeral, Sis (aT Ee, noon, at three o’clock, from the Duane street Metho- dist Bpeacopat church, Hudson street, between o- minick and 63 1 oe: GANSEVOoRT, ty from thence to Calvary Cemetery, g, at half-past nine o'clock. Gaings.—On Wednesday evening, July 15, PHILIP Garngs, 40 years. The fens ant roattves of tne fam are respec fully invited to attend the fun from his brother's fourth street, between Second and GaNNon.—On Thursday, July 16, of cholera in- fantum, ANN ELIZABETH, yo it daughter of James and Ann ©. G: 1 your jannon, year and l4days. —. The friends and relatives of the family, and also those of her grandfather, Onptain William H. Green, and her fo atten attend the funeral, on Saturday afternoon, at two o'clock, from the residen ‘of he Broome street. ncles, Christopher Gannon and John W. id Thomas Green, are- respectfully invited ce of her parents, No, 17 HuGHEs.—On Thursday, July 16, after a short and. infut iliness, Mary, daughter of Michael and ry T. Hughes, aged 11 months and 26 daya. The relatives and friends of the Topliy are reapect- invited to attend the funeral, from her late idence, 214 West Thi: pasvenin street, this (Fri- |OFFMIRE.—Suddenly, at the residence of his noon, July 15, the eldest jam Hoffmire, deceased, aged TALLook.- Suddenly, CHARLES 8. HALLOocE, aged ears. ‘he relatives and friends of the family, also of his sons-in-law John J. Silicocks and F. P, Wood, are in- vited to attend the funeral, from West Twenty-third street Presbyterian church, this (Friday) afternoon,at half-past two o'clock, Members of Cyrus Lodge, No. 208, also members of Benenolent Lodge, No. 28, are invited to attend. Cyrus Lona, No. 208, F, anp A. M.—The members are batehy’ summoned to attend a special communi cation to be held at their rooms, corner Eightoenth street and Eighth avenue, this (Fridav) afternoon, at half-past one o’clock, to pay the last tribute of respect to our deceased brother Obarles S, Hallock. Members of Benevolent Lodge, No. 28, are invited te attend. a order EDWIN FERGUSON, M. Henry 8. Vroom, Secretary. HorcnKiss.—Suddenly, on Wednesday, July 1 Pree S. HoTouKIss, of this city, in the 61st year The triends and relatives are res} tfally invited to attend the funeral, this (Friday) noon, at two o’clock, from his late residence, 496 Ninth avenue. HvuyYLeR.—In Hackensack, N. J., on Wednesday, duly 15, Mary, wife of John juyler. he funeral will take place at tie Methodist Hpie- copal church, on Saturday afternoon, at half-past one o'clock, JouNnson,—Suddenly, on Wednesday morning, July 15, Davip Jonnson, in the 73d year of his age. Further notice: will hereafter be given of the fu- neral, KNIgnt.—ANDREW MURDOCK, son of Joseph and Caroline M., aged 7 months and 27 days. Relatives and friends are respectfully invited to at- tend the funeral, from residence 131 Hudson avenue, Brooklyn, this (Frida) Mere at two o'clock. Livrn@ston.—In tl city, on Thursday, July 16, VAN BREIGH LIVINGSTON, in the 75th year of his age. ‘The funeral service will take place at St. Stephen's church, in East Twenty-eighth street, on Saturday morning, at ten o'clock, The relatives and friends of me family are invited to attend without further notice. LupLow.—On Wednesday night, July 15, from stroke of the sun, WILLIAM H. LUDLOW, son of Dr. Baward G. Ludlow, of this city, in the'34th year of is age. The friends of the family are invited to attend the funeral, from Trinity church, this (Friday) afternoon, Ove ognda 1; Thursday, July 16, FRANCES LovE.—Suddenly, on Thursday, , . CRAWFORD LOVE, angnter of Samuel and Louise B. Love, aged 6 months and 11 days. ‘The relatives and friends are invited to attend the funeral, on Sunday afternoon, at one o'clock, from the residence of her parents, No. 313 Sixth avenue. Canada papers please conre Lyons.—On Thursday, July 16, CHARLES. youngest son of John H. and Lucy A. Lyons, aged 9 months and 28 days. ‘The relatives and friends are invited to attend the funeral, this (Friday) evening, at eight o'clock, from the residence of his parents, 93 Charics street. LEF¥ERTS.—At Guilford, Conn., on Friday morn- ing, July 10, Miss MAkrHa Lerrents, of this city. Maauire.—Suddenly, in Brooklyn, on Wednesday, wy 15, James MAGUIRE, of the county Fermanaj Ireland, in the 53d year of his age. ‘The funeral will take place from his late residence, Ciasson avenue, near Van Buren street, this (Friday) afternoon, at pro craic ae * an ane acquaint ances are respectfully invited to attend. Mesarwactamn ‘n this city, on Friday, July 3, of consumption, JOHN G. MERKIWEKATHER, in the 29th year of his age, son of W. G. and Catharine C. Merrt- weather, Masor.—Suddenly, on Thursday, July 16, Jamas Mason, Jr., eldest son of James Major, aged 26 years, 2 months and 11 days. ‘The funeral will take place from the residence of his cousin, No, 30 Canal street, this (Friday) aiter- noon, at one o'clock, ‘The friends of the family are respectfully invited to attend. [ARSDEN.—On Wednesday, July 15, Sanan MARTHA MARSDEN, Wife of Wm. N. Marsden, in the 65th year of her age. ‘The relatives and friends of the family are respect- fally invited to attend the funeral, froin her late residence, 171 Sands street, Brooklyn, this (Friday) afternoon, at three o’clock, Mvrray.—On Thursday, July 4 Mary Exizavera, the well beloved wife of James Murray, in the 38th year of her age. ‘The relatives and friends of the family are respect- fully invited to attend the funeral, fron . Peter's Roman Catholic church, Barclay street, on Saturday morning at ten o'clock. NoLeN.—In Brooklyn, on Wednesday, July 15, MICHAEL J. NOLEN, iu the 43d year of his age. ‘The relatives and friends of thy At, fally invited to attend the fo dence, corner of Eleventh stre this (Friday) a(ternoon, at Lwo o'clock. Qui —On Tuesday, July 14, after a short tl- ness, Den native of the city of Lim- erick, Ireland, aged 65 years. The relatives and friends of the family are reeves fully invited to attend the funeral, from his lave dence, 347 West Forty-third street, between and Ninth aves., this (’riday) afternoon, at halt-past one o'clock. Limerick papers please copy. Retgarpr.—On Wednesday, infant son of Frederick M. and Jativ Funeral will take piace this ({rilay) eight o'clock, from #40 West ‘Phirticth ob tives and friends are respectfully invited to attend. San Francisco papers please copy. Suort.—On Fecgheng July 16, EDWARD BERNARD, son of Bernard P. and Mary M. Snort, aged 5 montis nd 18 days. . ‘The relatives and friends of the family are respect- fully invited to attend the funeral, this (Friday) alter- noon, at two o'clock, from the residence of his hem corner of North Second and Second strects, July 16, WiLLtam, tia ‘nmedit rooklyn, E. D. Soorr. uddenly, at his residence, No, 429 West Twenty-second street, Joun H. Scott, aged 39 years. ‘The relatives and friends of the family are res 15, at St. Luke's ‘ully invited to attend the funeral at St. Barthole- mee church, Lafayette place, this (Friday) after- three o'clock, without further notice. —At Fort Washington, on Wednesday, July 15, COLEMAN SPLINE, tn the 70th year of his age. The relatives and friends of the family are respect. fully invited to attend the funeral, from his late rest- dence, at Fort Washington, on Saturday afternoon, at one o'clock. Serment.—in Brooklyn, E. D., on Tuesday, Jul = of consumption, SusAN JaNR, the beloved wi Jacob Seibert, aged 31 years and 29 da} ‘The relatives and friends of the family are respect- fully invited to attend the funeral, from her late residence, No. 214 Ross street,this (Friday) afternoon, at three o'clock. ToURTRLOT.—At Chicago, on Monday morning, July 13, Cara EB. ToURTELOT, aged 39 ‘came The funeral will take place on next Tuesday after- noon, at four o'clock, to proceed to Calvary Cemetery, where the remains will be deposited in the recetving vault prior to reinterment in Philadelphia, THAYER.--At_ Marlboro, Ulster county, New York, on Monday, July 13, James Epwanp, son of 'RONSON.- jay, Jul Pere THONSON, of No. 12 Laight street, aged 99 years. Dublin please A Wattace.—On Wednesday, Jul Hospital, Jawes WALLACE, aged jons mpire Cha; io. 170, the funeral on Sunday morning, at ten o'clock, from No, 504 Broadway. LODGE OF STRICT OBSERVANCE No. 94 ND A. ‘The members are bee Be pe to attend a =. cial commanication at lodge room, No, 8 Unt square, on Sunda: fatto at nine o'clock, to the last tribute of respect to our deceased bi James Wallace. By order. H. WOOD, Jr., M. W. CHAPMAN, Jr., Secretary, Compantons of Empire Chapter No. 170 R. A. M. are hereby suiomoned to attend a bee convoce- tion hi k, , of LIP A. DOYLE, H. P. WILLIAMS.—On Thursday frorning, July 16, ae WILLIAMS, Cm 20 years and 5 mou! relatives and dg Of the fai , the mem- bers of Knickerbocker yO. OS Pay leg] or areas No. F. A. M., thon ister ra eek aoa and Varick streets, ( three o'clock. Kyicumnsocane Lopor, members of this | No. 642, PF. AND A. hyd fiat ® apecial communic: Uni ( the last of Ferme a ce cate 5 order of " vo ante Nas J, JENNINGS, Master, W. R. Parrignew, Secretary.