The New York Herald Newspaper, July 25, 1868, Page 7

FINANCIAL AND COMMERCIAL. Fripay, July 24—6 P. M, ‘The gold market has been dull and variable to-day, and the fuctuatéons were from 143 to 14334, with the closing transactions prior to the adjournment of the board at 14314, following which the price aeclined to 143. Loans were made at rates varying from two » four per cent per annum for carrying, the supply Tf coin being in excess of the borrowing demand. he grit clearings amounted to $29,283,000, the gold “33 to $1,365,738, and the currency balances to 4,129, The disbursements of coin in payment of ?rest at the Sub-Treasury during the day aggre- @aied $272,000, while the conversions of seven- thirty notes into five-twenties amounted to $341,400. ‘The stock market gradually recovered from the slight depression of last evening, and in the ‘afternoon it was decidedly strong, with an active Jemand for Cleveland and Pittsburg, Erie and other Jeading railway shares. The recent sale by the Erie Company of its sterling bonds at about 106, for the Purpose among other things of laying the road with steel rails, has had a good effect upon the stock, although it has not yet developed itself in any ma- (terial change in price. Money continues extremely easy at three and four cent on mixed collaterals and three on govern- it securities, and the banks fina it impossible to employ a large portion of their surplus funds in ns. Owing to the dulness of trade and the cash ‘basis on which business is toa great extent trans- the amount of commercial paper offering is ‘very limited, and the best grade is in request at 5 a 6 r cent, while good but not prime names are rated 6a7 per cent. The statement of the national ks of the United States for the quarter ending on first Monday in July, when compared with that for the corresponding quarter last year, shows an in- crease of fifty-six millions in loans and twenty-four ‘millions in deposits; and a3 an erroneous inference may be drawn from this extension of the loans it is ‘well to remind the public that all the securities owned by the banks are counted as loans, and that No part of this increase is probably due to either foans or discounts, but to purchasers of government &ecurities for the employment of capital. The state- ment is satisfactory, and shows, as far as figures can g@how, that the banking interests of* the country are prosperous and sound. The banks hold only $19,494,850 of compound interest notes, and these will be more than covered on maturity by tr twenty-five millions of new three per cent cer- tu.cates authorized to be issued by a recent act of Congress. At the commencement of business the stock mar- ket was dull but steady at the decline of last even- ing, and at the early session of the open board Erie Sold at 63% and Cleveland and Pittsburg at 874. At the first regular board the volume of transactions ‘was rather light, and New York Central closed % lower than at the same time yesterday, Northwestern 1, preferred 134, Milwaukee and St. Paul preferred 144, and North Carolina sixes, ex coupon, %{; while Cleveland aud Pittsburg was % higher, Milwaukee @nd St. Paul 4, Tennessee sixes, ex coupon, };,.and new Issue a1; Government securities were dull and in some instances a fraction lower, although Steady in tone. At the open board at one o'clock Prices were slightly higher, New York Central selling at 1844. At the second regular board the Market was firm and somewhat more animated. Rock Isiaud closed 3¢ higuer on the call tau at the first regular board, Northwestern 3;, preferred 3%, Milwaukee and St. Paul proferred 3, i'ennessee @ixes, ex coupon, %, and new issue ‘4, Covern- Ment securities were duli, but coupon es of 1881 Were 4; higher and ten-forties 44. At the open board at haif-past three prives continued to slow an improving tendency, and there was an increxsed de- Mand for the principal raiiway shares. Subsequent- ly there were large transactions in Cleveland and Pittsburg, under which tie price advanced to 834% a 89, and at the close at half-past flve tie whole market was strong at the subjoined quotations:— New York Central, 134%, @ 134%; Erie, 6835 &@ 68%; Hudson River, 158 a 12934; Reading, 94% .a°05; Michigan Southern, 917% a Cleve- iand and Pittsburg, 8834 a 6344; Cleveland and Tole- do, 103 a 103%; Rock Island, 107% a 10775; North- ‘Western, 3314 a 8394; do. preierred, 8334 a 8314; Fort ‘Wayne, 10's a 11034; Ohio and Mississippi, 30% a 30%; Pacifle Mail, 100)¢ a 100%; Quicksilver, 2144; Westera Union Telegraph, 255%, Gov ent securities have been dull all day, but ‘ces were without material change, there belug an aal absence of pressufe either to buy or sell. Late the afternoon, however, after the close of regutar asiness, the tone of the market improved, and buyers in some instances advanced their bids to the prices previously asked, while there were no stocks offering. ‘fhe five-twenties of 1864 are attracting Special attention just now from their cheapness in comparisoa with the bonds of 1862 and 1965, all of ‘which carry the same amount of accrued interest. The option which holders of July seven-thirty notes have to convert them into five-twenties expires on the 1s: of August, after which they will be re- ceived at par and interest. At four o'clock the fol- lowing were the quotatious:—Registered, 1881, 115 a 215‘; coupon, 1881, 11544 11544; 5-20’, registered, 1862, 10944 a 110; 5-20's, coupon, 1862, 114\ a 1149, do., 1354, 11134; do., 1865, 112% a 112%; do., 1865, January and July, 10935 a 10914; do., 1867, 1094; do., 1868, 109); a 1094/; 10-40"s, registered, 108 a 108%; 10-40"s, coupon, 103 a 103%4; July 7.30's, 103% a 109; August compounds, 1865, 11 September do., 115; October do., 117g. ‘The foreign exchange market was firmer than yes- terday and the leading drawers asked 110% for their Bterling at sixty days in small amounts, although the same parties were willing to draw for round ‘Bums at 110%. The transactions were, however, on ® limited scale, and this, in view of the large amount ‘of bills drawn against five-twentics as well as Against the £200,000 of the Erie Ratlway Company's ‘Merling bonds recently thrown on the market, makes $he renewed firmness of the latter all the more note- ‘worthy. Bankers’ bills on England at sixty days ‘Were quoted at the close at 110 a 110%; at three days, 210% a110%; commercial bills, 1095 a 109%; bank- rs’ bills on Paris, at sixty days, 6.15 @ 5.124. The three directors of the Union Pacific Company @nd Crédit Mobiler ordered by the Supreme Court to ‘appear before the referee and give evidence in the suit commenced by James Fisk, Jr., having failed to fappear, attachments were this morning issued against them batlable inten thousand dollars each. Whis retuctance of the defendants to undergo an | @xamination has excited a good deal of unfavorable omment. In reference to the great accumulation of specie hana bullion tn the Bank of France and its causes @hrere is considerable discussion going forward in Bngiand. An English writer, in dealing with the Subject, calls attention to the fact that shortly after ‘the accession of the present ruler of that country @ premium on gold bullion was offered by the Bank of France, and the payment of this premium on the article was con- ‘inued for several years. Large quantities of ballion ere brought to the country and upwards of one ‘$huridred and fifty millions sterling in gold have since ‘deen coined in France, while the massof gold in cir- culation among ali classes of society proves that by ome means or other the nation has very quickly grown wealthier. It may be argued that the improve- ‘ment in the political, social and industrial condition of the country has had a share in producing this change, and that due allowance should be made aiso for the gold required to replace the silver coinage ex- to India, Still these causes combined are insufficient to account for the marvellous change ‘which has taken place and which has made France ‘at this time the princtpal storehouse of gold bullion in Europe. At the present time ‘the Bank of France holds an amount of bullion nearly double that heid by the Bank of England. Is this to be attributed solely to the improved condition of France? ff so, thon all that can be said upon the point {g that there is no known instance of a national pro- qress equalling this in rapidity, and Bngiand must wknowledge that France has overtaken and out- tripped her in the successtul practical application of the principles of social and political economy. there can be no doubt that the wise offer of a remium on gold had the covert effect of turning the xchanges in favor of France. Small as the induce. ment offered may seem to the ordinary reader, it was large enough to determine English and other bankers to export bullion to France. It was cer- tainly by the ofer of this premiam that Paris se- cured the influx of a large quantity of gold, al- ough (and this ts 8 point whic mast not ve over ) looked in considering the matter in all its bearingay this extra influx of the precious metal into France might, in a certain sense, be regarded rather in the light of borrowed capital than a8 national property actually required; for France could not immediately make an equivalent return for the gold in other commodities of her own production. The Bank of France paia this premium in gold, and for a number of years the weekly statements of that institution showed considerable debits to the account of the premium so paid. The direct loss thus sustained by the operation was amply counterbalanced, however, by the influx of bullion to a large amount, which enabled the bank to encourage commerce and in- dustry at remunerative but not oppressive rates of interest, and the increased business thus done by the bank supplied the means to liquidate the debit originally resulting from the operation. The benefit bestowed upon the nation by the increase in the solid medium of exchange can scarcely be estimated in figures, but it is made strikingly apparent in the improved condition of the people at large. The Bank of France being in a great measure a government institution (not, like the Bank of England, the mere banker of the State) the Policy pursued by ita authorities hag naturally something of national importance in it. However absolute the belief may be in the infallibility of the well known rule of trade of giving value for value, we think it will be admitted, at least, that the almost continuous absorption of gold bullion by France, ever since the time when the premium on gold was first offered, which, let it be remembered, wasin the frst unsettled years of the present Political system, ig a very singular fact. There is no longer any need now for the Bank of France to offer a premium for gold, for the desired result has been fully attamed, and France rejoices at present in the possession of a sumMicient stock of gold. The government of the Bank of France has also since then endeavored to assimilate the position of tit institution to that of the Bank of England; but the important fact re- mains that its Previous, policy with regard to the Purchase of goid at a premium has turned out a great success, The following is an abstract of the quarterly re- ports of the national banking associations of the United States, showing their condition on the morn- ing of the first Monday in July, 1808, belore the com- meucement of business:— RESOURC Loans and discounts. seecees $642, 063,426 J. 5. bonds depostted ure cireul’a.. —331,761/850 bonds and securities deposited to secure deposits... ve 87,013,650 U.S. bonds and securities on hand. 42,630,400 Other stocks, bonds and mortgages. 19,491,810 Due from national banks... . 110,822,541 Due from other banks aad banke! 9,259,632 Banking house, other rea! estate, furni- ture and fixiures....... 22,332,668 Current expenses 2,833,600, Premiums. +: $98,011 Checks and other cash tiem: 123,827,331 Bills of national banks. 13,086,281 Lills of other banks. 337,230 Specie..... 20,752,021, Fractional currency, 1,888,076 Legai tender notes... , 560,085 Compound interest notes. 19,494,350 Three per cent certificates. 44,675,000 Aggregate... $1,545,285,508 Capitel stock. $411,619,451 Surplus fund 74,796,987 Circulating ni Nationai. State, Indivice + seeeeeee$1,545,255,508 SALES AT THE NEW YORK STOCK EXCHANGE Friday, Juiy 24—10:15 A. M. Jo) ae Adams 0 1000 Tenn t's, ex cou ., 10000 do. 5.00 10000 Georgia 7's. 2000 do. U9) N Car Ota, 10000 do. 50 do. 1500 Chic & N 10 Cr Cleve 1000 10000 di i call Wa tule & RET RRQ © betty to. : 1074 W) Missouri 6's. 630.0 do. 44) Blyn 6's, w i.betc M4) 5000 Mich South 8 f bds 1013¢ 1) 2000 Mil & St Paul Ist. 5000 Great Wi + 10735 ia? 103 10 Bank of State of NY 121 B 199 9 Del & Hiud Canal . 100 Mariposa pret 30 Western Unio Tel 0. 100 Pac Mai 109 do. 200 Uaion 54 N' 8 Mila P du Clee pret 108 75 Chicago & Alt pref... 13 860 Ohio « Miss RE. 99% 100 10... $ 143 Dub & Sioux C RR. Half-past Two o’Clock P. M. 85200 U 8 6's, "81, cou... 11824 10 shs Pacific M 88 Co.. 10044 "3000 11545 100 i loug 1097, 100 Well ar 4 500 US E's, 5-20, c, "02. 1idig 390 - SL 00 1 B64 Ung 10 i. 38g 112% 200 U 8 Express + 48% May 2) American Expr 45% 150 do, 1i2q 19 Reading RK M5 19's 60 do... oy, 65000 US 5-20's, con."67. 10955 50 Mich So &Nind RR vag 500) US H-2ivex o, "68.sm 1 50 Panama RR........ a) 10000 US 6's, 10-40, cou.. 1084q 100 Chicago cy 17000 Tenn és, 67 200 Chie: ss “66s 66%, Ss Ino a “96 72%, 20 Mil & St Paul RR. 72% 900 Ma St Pan! RR pt 76 be W ed do sy 2000 Jersey City wloan 98 7000 Va tia, exc...bete 55 2000 Va 6's.new,bet call 54 9000 Tol & Wab 2dm... 8356 5000 Erte 4th mitge... cs COMMERCIAL REPORT. Frtpay, July 24, 1968. Beeswax was duil and lower, the saica being 1,000 Ibs. at co. a He. BUILDING MATERIALS.—Eastern spruce was in moderate demand and at firmer prices, ranging from $19 to $22; the arrivals are only moderate and the offerings are not large. Yellow pine timber was atill steady at ¢200 885. Laths were in brisk demand and firm, the sales{iJ>eing 1,600,000 at $2 90 a $3, closing at about the outside price. Rosendale cement was steady at $196 per bbl. Lime was steady at 10 for common and $2 for yn Bricks were firm at mf Od *, 98 0 a Bl fon Bow sermey, Gi fer ne sland, 818 a for Croton and 945 a $50 for Phila- deiphia front. ° ‘OPPRR.—The market for ingot was dull There were anies of 850.000 . for ember delivery |, but. were bs. at Bhce. a Mige, P. YVake ‘and Ca Py ‘ces were 5 votre: bs depresse stout ser lower’ Yh, was confined to spinners. The sales were | Uplands and Porida. % paid. |. Recel 62 bal The market was end pilose for all grades bolow middiing were COFFEE. — at - juotations publi aeaipet sugar shoo! inch heads do. ; 75 a $2 90 for molasses b rum do. ; ¥ 087 for as for, eats feet, anc a , CANDIES were ‘but un ta value. We quote Srier obs wore quiets Hut’ mendy, aGbdl Sal for Sx Do- mal Togwoods O16 gold, for Jamaica de. and $15 c Ob nc, at about former princtpail, jane Heat, NEW YORK HERALD, SATURDAY, JULY 25, 1868, aarscons Sekesese PePreeee Suess al | s2sas eum rand a brag, with 1.600 ‘at Gs. 94. if to the west Herring were steady A for scaled per box, 26c, a Me. f0F No. | do. aad ®6 a #9 80 per bbI. Plekied salmou $28 8 $27 and do, cod #6 % a $650. GUNNY BAO were dull and unchanged, at 17546. 0 180. OUNNY CLOTH was moderately active, with sales of 200 bales at 285yc. still dull, were unchanged In value. We quote Hol thor 185 pat ‘4c. ; 1886 do., 10c. a 20c.; and foreign, 18c. adic, Hrbea—The market exhibited a fair degree of activity, There were sales of 2,000 dry Matamoros at 175c.. gold; wot alte do, at 16c., gold; 1,700 dry salted do., 400 Sauta Fe, 300 wet salted Para avd 2,300'Mexican Kip, on private terms. Hemp. —We heard of no further sales Manila. It was was unchanged at Sige. a 6¢c., IN@IG0.—Thore were stnall sales within the range of 95c. a 110 for Madras, $1 10 881 45 for Guatemala, $1 05 a $2 05 for Benva!l, and ic. a 95c. for Manila—all gold. Tron.—Tae market for Scotch ply was moderately active br Bis 3 Sat. " — were att, ra. tor > Gart- shevrie, exahip and in yard, at ons Glengar- nock, from yard, at $43, and 100 do.’ Fglinton on private terms. Gartshevri ar 945 i Coline We quote le from yi do., a 60, and Egtinton i 50. No. Auierican was it, small supply, a0 Olfered and refused for the best. No. 2 was quoted at a $37. 100 tons No. 1 for future delivery on There were sales of 109 tons Spie- geleisen to arrive, at $45, gold, 200 tons wrought scrap in yard at about $47, 60 do. old rails’at #45 60 and 60 do. old tines at B58. Wa quote now American rails $79 a #80, and Enclish do, $51 50 a $52 50, gold. Refined bar steady, at B3l a $87 60. LAD waa'in far demand and the sales were fair, being 200 tons at 6440. to 6'4c., gold, for ordinary foreign. Lrarurn.— There was but little activity inthe market for hemlock sole, but prices remained firm. continue liberal, and the stock ts w was let, butt Unchanged in value, oui rime was fn fair "demand and steady in vi fnferior was slow of sale. We quote :—Hemlock—Buenos Ayres and Rio B48 firmly held. £40 was Grande—Light and middle, 2%c. a B0c.; heavy, 27c. a 2%. ; good damaged, 2534c. a 27c.' California—Light, $90. ; middle, Age. aw Be. od dam 26e. 29e.; Reavy, de. Orinoco, &¢.—Light, 9c. i i a —The market was more active but at easier Brlces. Thesaica wore 50 bhda. Cuba murcovado at dligc.; do. Barbados and 171 hhds. $4 tieroes Guadaloupe on pri- m8. NAVAL SToRRs.—Receipts, 660 bbis. spirite t ntine and do. rosin. For the former there was an ive demand for shipment, and prices were 3c. a ic. higher, closing at 44}gc. » 45c. for merchantable and shipping lots.” Th comprised about 1,200 bbis. at 43c. a 4hc.—almost all at 44c. a 45c.—lacluding 125 New York bbis. last evening a ee Of crude turpentine 34 bbis. were sold at $3 874. 1e ket for rosin was quiet; aalea bbls. strained and 3 gute No. I's 350 a $4 50; pal extra do., 36a $7, and window glass at $738 there were sales of 50 bis, Washington thin at jewbern (large bla.) at 38 60. OtL CAKE was firmly held. A saie of 10) tous Western thin oblong was reported at 358 00. We heard of no other sales not previously reported. on was fn moderate request and steady at 81.05 ag1 07. 8,000 guilons American at $1.03}, and reported oo do, hat #1 d was atoary, with sales of 100 bbis, summer tn lots, at #130 a $1.35; prime winter was quoted at Sl da gl live was quiet, at #2 45 a $2 45, and city distilied rod at Fish olla were quiet, at Ac, a82c. for crude whale, We. ior bleached winter do., 81 90 Tor crude sperm and #2 15 a is2 20 for unbleached winter do. PROVISIONS. —Kecelpts, 150 packages lard, and 9 do. cut meats. The et for pork waa dull, but firmer at the clos when $2515 uinr was bid, and #23 25 asked for new mee®. For August deilvery £28 90 was bid, seller's option. ‘The sales wers 700 bbis., at £28 Ui a $98 12g for new mess in lots, sb 97 a BU4 86 for prime mess—chietly Price; also 250 bbis. new mess for October at $28 25, seller's option, Live hog were steady at Oc. = 104gc., wit moderate arrivals, Beef was aparingly dealt in, but atoady in value, Saiea 100 bis. at #15 a #20 60 for plain meat and 8) Ma gol for extra do. Theres beet waa dull and nominal, While beef hams were dull at former prices. Bacon was firmer but dull, at 153gc. a Ite. for Western and city long clear middles, 16¢. a 17c. for short, 1c. for city long rib, I6c. for Western short rib and M3go. for Cumberland cut, Cut meats were decidedly firmer, e which are scarce and wanted. The demand was good, an the aaiex were 560 packascs, at pickled shoulders, 1c. » 13;ger for dri tor smoked do., 18c. « 19¢. or plokled haus, 200. a ic, for «moked do. and 2054. a ic. for bagged do. "Tho market for lard preaented more ity and prices were firmer; the sales were 1,000 packazes, at 16%\c. a 17Me. for No. 1 to steam and Ie,’ a Isc. for ‘kettle rendered. Dutier market’ was _ moderately active, Aud with moderate rocelpte prices were firm at 4c: for Orange county pail, U6c. a tse. for do. firkins and tubs, dic. & Sie. for do, Weish tubs, 28c. a 3c. for Western firkina, Cheeses was in fair demand for export, though the demand was almost entirely for the lower aud finer grades. We quote fair to prime dairles Itc. a L4ige. and do. factory 12e. a 1550. Pr pts, 66) bbls retined, 8,13 do. crade and 809 do. naptha. Crude was quiet at 170. a I7gc., with sales of 1,700 bola. at those prices. Of erude in bbls. we heard of uo further «ales. Bonded was firm at Se. a 34ic., but the bnsiness was light, boing con ‘at 3c. 5 1,000 do. for the balance of for the first half October at ¥6c. Ia Philadel was dull. The only sale we beard of was last hal of August, at S440. RICE continues in demand, but heavy. Sales 300 bags Rangoon, in bond, at 3%¢., gold. We quote Carolina 1c. a He., and Rangoon’ 9c. 09% RDS. —Cale he month at 35% Coy hia th bbls, for the fc. Timothy was a: watle rough tinz was unchanged at $2 70. SUGAR.—The market for raw was tolerably active, the de- mand being chiefy from refinera, and prices te the annexed quotations, The sales were 1,195 b allXe. for Cuba, 14%¢. for Demrrara, and 12, Porto Rico—chtelly at the latter price for ch Cuba, inferior to common relining, 10}qe. «105 kood prime do. Tie, fair to, gdnd groc prime to chotee do., Ike. a 12%Ke, 08), He. a 14c, ; molasses do., 9)gc. tulr to prime reining grades, 1%6.; fair te good » fisges a Bigen; prime’ to choice do, do., Ifice. @ ing was in fair demand and a tritle higher in some quote hard at 1c. c., soft white at 14%e. a cba at 184. The market wa se. quiet, but prices were generally 3 steady.” There was afair jobbing demand at the follow quotations :— #3 90 a484 for Ashton’s per sack, #1 90 or larsiall's and Worthington’s do., and round, do., ie for 25 for Higgins’, and G0c. a Sic. for Turks Isiand per TER was dull but steady, at $5 37g a 86 45, gold, for Cantile wan quict but steady, at 1640. @ 1c. ‘ow wns in moderate request and firm. Sales £0,000 ec. @ IDC. Tonaoso.—-The market for Kentucky has been active: hhds. have been taken, for Freach contracts, at could not learn, Other sales were about 200 bids. hin the range of onr quotations. Seedieaf has 115 canes old State at 9ge., 40 do. old Con- and 6 do, Otte Sars and bladers on private Of Havana 60 bales were sold at $1 03%. We terme, tote :— e oy Western Kentw Light Leal. Clarkerilie, Lugs, per ib ike. 8 90. w alle. iiss of Obto ‘at about former Hi in their views, and are Ferd fadie- we to gil to P34 extent old re qnole X Ohio 4c. = 7c, and XX and above do. 8c. a vals I fornia « cotating, are more aes confined ‘The sales ibe, X and fo. 300 XX do. at ze ff { ti ii pu ; i if is : 2 ae regtliated in strict respoi\e to the demand. We note one or two alterations in ish, but they are not ma- terial; vegetabies, such aa pew potatoes, cabbages, tor turnt; &c., be.wg more plenty, are @ little lower, while. ordinary arden stuif is also de- clining. Butter stili keeps Ligh and eggs Ww scarcer and dearer with each woek. The supply of in the market is very liber! and prices rule mnabvle. Poultry and game ate scarce ale most outside of any regular quotation. Itis likely the present scale of prices will, with some minor fluctuations, hold until the cool weather. Below we give the latest quotations:— Upp. Washington, Washing - ae bax 35 Waid Gad Wale ‘35040 Boas o 26028 22 ad 05 Wala ald Teald Rais Baus rt 28 1M 25 Sado Wars ae alu Wald wb 12016 Vals 2 130 20 ina is 30 20a25 20435 18 16 16420 2B B w Pan 20 als 20 FE 2 A6ai8 18 16 20 18 18 20 18 18 50 125 1 08150 %. Rar Hy 3 Bas 28a ‘Bl Bazi 50 Bl #1 15 10 10 15020 15013 1ba20 20 10 W2al5 8 3 15a20 als Salt Binds 40045 10 10412 8 3) 10 20 5 26 =- 20 = 20 = 25 6 10 10 ot) oe 2 Pickled mackerel ca 16 Dun tish (English cured). x rt OS ae 8 8 Oysters (quart Ma 50 #1 1 au i 4 4 13 8 2nd r) 4 fab 6a10 pe Wadd 3 Py 20038 Cheese. ie Eggs (for Ye.) ‘y Apples (bf. pecic Asparagus Fresh m 20 Porgies. le 8 ‘Weak fish. i (new, per bunch) 8 Beans (hf, peck). 3 Strawberries (qt. _ Gooseberriea. 3 | | | j Garile (baneh). — _ Green corn (doz. ). 30 el) Currants (per | 20025 Ds OFFICIAL TRANSFERS OF REAL ESTATE VESTE: TRANSFERS IN NEW YORK crry. Bank st, #¢ corner Wost (irreqular), (1¥).+« Washington at, ¢ 8, 105 .t 8 Barclay at, 2x40. 19, Bowery, e 4, 117.6 tt n Broome at (irregular)... Beckman place. ¢ , 20.5 ft a dlst at, 40x100, Caruine st, Nos 59 and 394, 25x100, Greenwich 'st, No 781 Greenwich at, No 7 Sheritf st, es, 100 ft n 49-2 fhe Ist av, 2.342100... 1Be4 Ct w Broadway (Ircegniar). uf w 214x100, 100.1124 14. ore Peas 275x99.11. DED IN NEW YORK, LRA Broadway. No 7. ; , 4 yrs, per yr. “a wecor Ith at, 60.7x115 | Vatrous spirits, he ardently labored. Sian Ho So more, &e.), 8 yrs an 3 I 10 223, 8 yra, per yr... itu av, w 6, lot 844, Greenwich, 24 ‘300 THE FRONT STREET FAILURE. Trial of J. K. Place om the Charge of False Preteuce. The evidence in the case of the people, on com- plaint of Brown, Brothers & Co., bankers, Wall street, against J. K. Piace, late an extensive im- porter on Front street, has appeared from time to time in the HERALD, in the Jefferson Market Police Court reports, It will be remembered that Brown, Brothers & Co. clatm that Mr. Place, to whom they had mado advances, defrauded them out of $100,000 by faise representations. The case has been before olice Court for some months, Messrs. J. R. Whiting and John H. Anthon appearing for the com- plainants, and Mr. Ira Shafer for Mr. Piace. A further hearing took place on the 10th Instant, when Thomas T. Shefeld was cross-examined and testified as follows:—I have known J. K. Place, If think, since ad during that time he has been engaged in the grocery business; I should think that for the last four years ne mas been very extensively engaged in business; Iam one of his assignees and remember the time of his failure; at the time of the fatiure, so far as | kuow, Mr. Place’s standing as & business man was unimpeachable; it was first class in every respect; the amount of their business in 1866 was about twelve millions, in 1365 thirteen mil- lions; in 1864, $10,700,000; im 1867, up to the time of the failure, about six and a half millions; these. are the amount of sales; I was a clerk in J. K. Places’ & Co.’s employ and examined tle goods that were purchased and sold; I never observed any sales out of the ordinary course, nor discovered anything that indicated that the firm was embarrassed; Lobserved no sacrifices of property by unusual sales; in my department (tea) the prices and credita were the usual way; [I Mr. James D, Sparkman, who ts a brother-t Mr. Place; Mr. Sparkman stood very high as a mer- chant and a man; he was President of the Manufac- turers’ Bank. Re-direct—{ had’been in the employ of the firm since September, 1866; I took the memorandum from which I have testifled by putting the monthly sales together; I think there was some change in their bosiness my connection with the house; they aoe ase a less number of articles; they were doing ir jess—import- ing—which they did not formerly do; Oy the last ‘ear they dealt principally in tea, coifee ; tne failure was on November; the sales from to that rovemibes 20) were $6,787,500; never w of Mr. Place having been accused of financial misconduct; | have no knowledge of the amount of capital Coyne other than is shown by the books tia came into our possession after the failure. Re-cross-examination—The transactions _men- tioned for 1866-7 related to coffee and spices; the transactions in tea were particularly large; the jobbing grocery business that was doing tose "he | ‘waa not very profitable; it was a falling market; don’t know whether they were solvent or insolveut on loth August, 1867; [ have seen Mr. Piaco looking at the books, tvit don’t Know that he all tae entries therein. Re-direct—{ have received the books and papers of J. K. Place & Co.; they embrace vouchers, ac- counts current, and pmo papers; I have also their bank books; I have never particularly ex- amined their accounte carreat. Another ae was had on the 17th instant, when James D. Sparkman was examined dy de- fendant’s counsel: am sixty-four years of age; have known J. K. Piace from my gg! manhoow; | 1 was his partner up tothe failure; I have been ial partner about twelve years: the last two partner; the ‘irm ‘was origi- the latter retired about Janual total is $427,406; my wife has $40,000 in bonds anda house, lot and stable, worth $86,000; I gave it to her when the general partnceanlp was formed; I was perfectly solvent then, worth $300,000 or $400,000; my wife died and the property was willed to the family; on the Ist of January, 1867, | have no doubt I was worth $400,000; I learned from Mr. Place that the firm had lost some $200,000, books were not balanced on the of Janu- ary; i was deemed injurious to the credit of house to say they had lost 000, and the books were kept open; I had no suspicion that the firm was insolvent; all the proj Ihave mentioned has gone to the debts of the firm; I loaned the firm $5,000 within a month of the failure; the bust- ness was aasonce $ecoets 1867; the credit of the firm was first claas; I learned of the insolvency a day or two before the fail but I knew perhaps @ month before that the firm dimiculty in raising money; the failure came upon me like a thunder c 5 examined—There was more or less dificulty for two or three months before the failure in ratsing money. A great maas of other evidence relating to the bus!- ness of the firm, its mode of negotiat its paper, loans to other dims, was taken, and an adjournment took place. OBITUARY. Giovanni Bastianial. Aa artist of unquestioned talent was Giovanni Basttanini, but scarcely known outside of the circle of those painters and sculptors who make Florence (among whom is Hiram Powers) their home, He died in that beautifal city on the Sth inst, He had produced busts in terra cotta of marvellous truthful- ness and grace, but nothing in his own name. However, Bastianini couldgnot much longer have continued an unrecognized laborer in the fields of art. His works were appreciated by hia brother sculptors, and they hesitated not to call the attention of connoisseurs and patrons to them and him. Unfortunately for his reputation, his purse being light, his line of labor was confined to the ‘‘antique’’—that is, presenting as ancient works the productions of his own hands, washing: the marble of his busts and statues with tobacco water until they became so discolored that even the most suspicious could not say with any de- gree of positiveness, by merely looking on them, that they were impositions. Had Bastianini lived and labored he would in a few years, in spite even of him- self, have been widely known as the grandest Idealist of this age. The deceased was the son of a poor stone mason of Fiesole, and began active life as a worker in the quarries.“ Subsequently he learned the rudi- ments of the art of scuipture through the patronage of the Chevalier Inghiromi, and afterward was em- ployed at a very small remuneration by Freppa, the well known dealer in curiosities, to execute for him those works in terra cotta or marbie which have since found their way into the great national collections of Fyance and England as the recovered masterpieces of early Tialian art. M. Viennet, the Academician. M. Viennet, a savaa and academician, well known to the learned societies of Europe as an author of Philosophical treatises, eloquent discourses, fables and tragedies, died at Val St, Germain, France, on the 1th inst. at the extreme age of ninety-one years, M, Viennet, a3 a soldier and subsequently politician and philosopher, led an eventful life. in 1796 he was commissioned a lieutenant of Marine artillery, and was subsequently, while iu active service, captured -by the English of the French coast and by them held pris- ouer of wur for eight months. He was never a Konapartist, and voted without hesitation against the consulate and also against the empire—the mag- niflcent dreams and subsequént realizations of the an of Destiny.” His opposition to Napoleon Bona- te as the ruler of France, subordinate as was hi psition, did not pass unrfoticed, and tt had a sen: Ite effect on his promotion, for which, like all oti He, however, fought unaer the Emperor at Leipsic, and was again by the fortune of war made prisoner. On the inau- guration of the second resteration he was made an oflicer on the staf’ of Marshal Gouvion de Saint Cyr. When Louis Philippe was king he legisiated as a peer of France; but on an occasion he went to the mber in the character of a bour ois, with an umbreda under his arm. Even when iadrawa from active political life, devoting him- self to literature, in the French Academy, no one was found more hostile to the establishment of the re. At his death he heid the office of of the Freemasons of France, operatin, pttish rite, and to him is that branch of order mainly indebtea for uniiaching and suc- cessful opposition to the scheme at one time enter- tained by the government of amaigamating them with the Grand Ori the legitimacy of which the coufrercs of Viennet even now seriously question, Alexander V, Fraser. Captain Alexaader V. Fraser, for many years chief of the Revenue Marine Bureau of the Treasury De- partment, died while on a visit to Brooklyn on Wed- nesday last. The deceased at one time commanded the revenue cutter Lawrence, built on the Potomac, in 1849, under hls auspices, Inher, under orders from Robert J. Walker, who was at the time Secre- tary of the Treasury, for the protection of our com- merce and the rigid enforcement of the revenue Jaws, he satled around Cape Horn to San Francisco, Cal., she being the first government vessel on muni: cipal service which had visited the harbors of our then new Pacifle acquisition. Captain Fraser, by his assiduity aud uprightness of conduct in the service, to which he devoted his life, did much toward ralali it, by developing its trustworthiness and watchful- ness in the estimation of the public and the conil- dence of the government. THE LABOR MOVEMENT. MesTING OF MasTeR Masovs.—The members of the Master Masons’ Association held a meet- ing at the Mechanics’ Exchange, 51 Liberty street, yesterday afternoon, the president, J. T. Conover, in the chair. The minutes of the pre- vious meeting having been read and approved Mr. Rosa addressed the meeting and stated that he was convinced from actual observation that not more than five hundred eight hour men were in employ- ment at the present time, while fully as many fon hour men were at work, The great bulk of the men on strike were yet in the city, having refused to go to other places. About a dozen Master Masons reported that they were able to obtain all the ten-hour men they wanted, and several an- nounced thelr determination to hold out twelve months, or longer if neceasary, rather than submit to the demands of the bricklayers. A message Was received from the members of the Laborers’ Union announcing their willingness to resume work, and a letter was read containing an offer on the part of a number of Canadian brick- layers to pay their own expenses to this place and work on the terms proposed by master masons. Committees were appointed to con- sider and report ou the above communications. The nerai impression among the master masons waa opment of defeating the aims of the strikers wel Wer to-day than they have been at any time during the spring og that a firm stand ib = nd thing necessary to ensure success. wing re- amrmed their former resolutions and announced their intention of holding out to the last (employing all the ten hour men they can get in the meanwhile), the meeting adjoarned, Lasorgrs’ Prorective UNtON.—A meeting of this society was hejd last night at 42 Prince street for the purpose of taking tnto consideration the action of certain members of the Bricklayers’ Association working with the non-society laborers. A good deal of warmth was evinced upon the subject by the various 4 ers, and the report that a number of iaborers were working below the rates set down by the society occasioned a very stroug feeling against the Rec a. A delegation was ap- pointed to consult with the bricklayers and arrange Matters in @ sagisfactory Manner. It was unanl- mously resolved, before To ge ge that the mem- bers of the Laborers’ U1 will under no ciroum- stances work with uon-society brickiayers. THE BROOKLYN BRIOKLATERA’ Un1oN.—A well at- tended meeting of the Brooklyn Bricklayers’ Trade Union was hetd Inst evening at No. 22 Court street, C. Weich, President, in the chair. The sum of on wea contributed by the naceting in aid of their fel- low crattamen wh 4 are now on 4 strike In New York. The Brookiyo seelety recently voted $6,000, im support of the tmovement, of which amount up- pan of $5,000 has already been transmitted to the strikera, ‘A SAVINGS ARK SMASH UP IN COLLINSYILLE, CONN, ¥rom the Hagtford Times, Jnly 23.) Mesare lL. L. Holmes aud J. G. Woodward, the spevial committee appointed by the Legisiature to luvestigate the accounts of the suspended Coilins- ville Savings Bank, have made their report. The trustees last January voied Ww charge each depositor twenty-four per cont of tee balance of his account in order to cover the iosses sustalued by the operations of the Treasurer, the late Seth P, N and to enable the vank to resume business, Makiug such charge the investigating ont the bank's assets at $108,191 17 and its abilities to depositors at foto 27, showing @ nominal surplus $0,244. De- Positors, the committee think, may @: to Sone tmag be trtvees by claimaa ti yet cent Save of by fatlare to collect some of the if the soclety’s claim on Norton's estate is 7 CITY POLITICS. Republican Ratificatioa Meeting. Alarge republican ratification meeting was held lastevening at the republican headquariérs, No. 20 Eighth avenue, near Twentieth street. The meeting was called for eight o’clock, but on account of the numbers that filled the room long before that hour, the conveners deemed it right to open the proceedings at half-past seven. Mr. Oharies Spencer, president of the Grant Empire Club, was early in attendance and occupied a seat on the platform, Tho meeting wad Presided over by Benjamin B. Dumville, president of the association, who stated the object for which the meeting had been convened—to ratify the nomina- tions made at Chicago in May last of U. S. Grant for President—(chi Vi President; sao thy nominasion ofA Griswold (oF Governor of the State and Ezra Cornell for Lieu- tenant Governor. (Cheers.) A list of permanent officers was read and their sepohiment confirmed, ir. Alexander McLeod read a resolution to the of- foct that the radical repubiicans of the Thirteenth: Assembly district heartily endorsed the nominations made at Chicago and Syracuse, ‘The resolution w: unanimously adopted, “) asia Mr. Warwick, State Senator of California, was the first 3] » who onapied the attention of the meeting for some time. He reviewed the policy of the democratic and republican parties before and during the war. He contended that the reconstrac- tion scheme of Congress was the only feasible and judicious Roller under the circumstances of the country. He said that the rule of Generals Butler and Siokles and other military generala South was the moat liberal, impartial and beneficial that was erecanperiencet by the people of a conquered coun- re. oe. Aorace Greeley, Charles 8. Spencer and Major Hag- gerty awo addressed the meeting, which broke m3 Apparently well pleased with the evening's procesd- ings and the assurances held forth that tie double ticket would be elected next fall. Union Republican Mecting. The regular monthly meeting of the Twentieth As sembly district Union Republican Association waa held last evening at the headquarters, No. 932 Third avenue, Mr. Peter F, Connelly, the Vice President, im the chair, and Mr. James Jackson officiating as Secretary. After fifteen additional names had been added to the roll of the associa tion a proposal for holding a grand mass meeting and barbecue in September was snbmitted to the meeting, and provoked considerable discusston. One member having moved that the matter be refor- red to the Executive Committee a warm debate ensued, and the harmony of the meeting was eventa- ally so sectously disturbed that Immediate adjourn- ment became necessary for the preservation of tho peace. Meeting of the Union League Club. A Meeting of the Union League Clu» was held last evening at their headquarters on Madison square an@ Twenty-sixth street, to discuss the proposed adjourn- ment of Congress, the necessity of protecting the South from domestic violence and the prevention of naturalization frauds. The meeting not being very well attended, the only business transacted was the appointment of a committee consisting of Geo *B. Butler, William Arton, Francis Lieber, Thomas 0. Acton and Isaac Sherman to consider the existin, naturalization laws and report at sume future meet ng. t Seymour and Blair Ratification Meett A ratification meeting waa held lust evening at Weasel’s, corner of Kighty-first street and Blooming- dale , Which waa well attended and went of with great éclat, considering the out-of-the-way place in which it was heid. The meeting was called to order by J. C. Baylis, who made a stirring address and was repeatedly applauded. He raked the radt- cals and Mumorously criticised Grant on the stand, to the infinite amusement of his hearers. Mr. Roo; avelt D. Hatch followed, and drew down the house t his facetious treatment of radical pro- fessions. The audience, which filled the entire room, not to say a large one, went away in excellent spirit giving repeated cheers for Seymour and blair. Constitutional Union General Committee. The Constitutional Union Committee held au ad. journed meeting at their rooms in Masonic Hall (ast evening. There were about seventy persons present. Mr. Daniel". Northrap occupied the chair. After dispensing with the roll call and the reading of the minutes of the previous meeting the Chair introduced to the body Mr. D. McMahon, who addressed them at some length regarding the tssnes now before the country and thereiative claims of the candidates before the country in the preaent cam- paign. He argued apon the questions of sudrage, of finance and of the industrial policy of tie party now in power, taking issues witli them tm all their actions, arguing that in every sense they were now being carried ont in a spirit antago- nistical to the constitution. He counselled the coo mittee to use wisely the power they held, and thought that Seymeur and Biair should receive thelr support. Mr. Miller, a member of the com- mittee, followed in the same character of an address, confeasing that the present nominations were not his first choice, but policy dictated that individual preferences should be forgotten and they should fall Into the line that woutd carry the constitn- tional party to victory. A vote was taken by the committee as to their preference of the candidates before the peopic, when by @ unanimous vote Sey- mour and Blair were declared to be their choice. THE NATIONAL GAME. TrisMountain vs. Eckford. The last game of the champlons of Massachusetts with clubs in this victnity came off yesterday at the Union grounds, the Eckfords and Tri-Mountains be- ing the contesting parties. The Bostonians seemed unable to get hold on Martin’s pitching and made a very poor display at the bat. Their fleiding, too, was somewhat weak, while that of the Eckfords was but little better. The latter club, however, batted somewhat heavier than the visitors, and this means, aided very mach by the poor fleiding of the (Spon em they came out ahead with the follow- lug score: — Quan, Or. SOnT Ones, ro, sulitean, bd 4 1 8 3 Allison, Lat b. 10 Borrowes, db... 0 2 4 1 O16 Freoman,'s.9..---1 0 2 2 pag Lyons, r.'f 0351 99 O'Brien, p 161 4d Patnam, 4.1 i $8 0 Hollis, wal 11 2 Patterson, 240... 9 8 8 0 3 0 GGrum, 84b...01 88 8 “a 9 ; 1% rr UBL Mh. Gh. OM. TA. SRELE RT S 9 8o1 9 8 1; Bggter, 1. Boolere seers, Boahell a0 Time of Game—Two hours. of ths Atlantic Club, 1d Watson. Base Ball Notes. The Olympics, of Puterson, were to. mave played with the Unions, at Tremont, yesterday, but did not put in an appearance. The Unions were on hana and quite a large assembiage to see the promised e. win active tussle to overthrow tho Empire is ex- So to-day at the Ohamps Fre Unions stars. to-morrow evening “westward boand.” NEW JERSEY. Newark. SsveRE AccipaNTs.—Leopold Wolters, a Gorman, employed at a trunk factory on River street, had the. fingers of nis left hand oearly severed, afternoon, witRa circular saw. One of ti was subsequently amputated. Baward O'Brien his t hand severely cut with a circniar saw a kindling wood factory on Academy street yester- day. dersey City. Suppen Deata ON A CUNARD STBAMSMIP.--George Emons, steward on, the steamship Tarifa, died sad denly on Thursday. The surgeon of the vessei gave it yi opinion that death reauited. from disease, of —_— Coroner Warram gave @ permit for rial. Montcinir. A Cass or ILyprorHosia.—Thomas Levy, @ citt- zen of this place, was bitten on the 10th of May tast by @ rabid deg. On Tuesday symptoms of hydro- phobw became —— and several physicians were summoned. A namber of persona were detailed: to watch nA aioe eee Ly the dis- ease assumed a more poe becoming more severo, and it is thought Tae will soon be weceasary to bind him with ropes, Mr. Levy ‘a about sixty-five years of age, and quite wealthy. T FOR Ontm. Con. IN WASHINGTON. —J. was arrested on Sunday night last, tery with Mrs. Webd, was before yesterday on.a writ of corpus, and nt Of a fine wa 1 which im- a fino of the ve