The New York Herald Newspaper, March 27, 1872, Page 4

£ ‘Weatern, it is tmpossibie to tell wnat tne volcano will bring forth—a shower Ot stones or a red-ot sea of lava and buraing cinders, ON TH STREET. . “ The Excitement in hinancial CirclesHow the Brokers Acted=—What They say—Is It a Cons teat Betwee jo Control the Erie Kailrosnd-Jay Gould’s Reported Losses. “How stands Erie? “Have you won or lost?)? were queries that were put and answered on Wail, Broad and Nassau streets and Exchange place yes- terday, sometimes with a pleasant and self-satisfied smile on the part of the invérrogated who had made his little “rake,” and was for once satisfied with the transactions of the day, and occasionally with a scowl Ulat seemed to say, “78 IT ANY OF YOUR INFRRNAT. BUSINESS how I have come out of the conflict? I’m the custo- dian of my own secrets and know enough to keep them.” Compliments of this kind were frequent yesterday as brokers—bulls ,and beurs—met In the financial points of interest on the street; and men who had never exhibited sourness since the memo- rable Black Friday gave the cut direct to their “old chums” of the street that they were accustomed to greet with a warm satatation. . While the rain poured down from the surcharged clouds and baptized alixe the millionnaire, who made his exit from THE STOCK ROOM, the sharp messenger boy, who, holding his peace to catch the last event in the market, left suddenly to report, and the Jehus, who, ensconeed in rubber coats, sat upon thelr boxes, the entrance to the Exchange was the point of interest, and as each man came cut a curious crowd stood and wondered HOW THE BATTLE WAS WAGING WITHIN. The excitement’ on the curbstones was not as great as usual, owing to the dismal rain that drove the operators under shelier; but in all the offices contiguous to the Exchange there were anxious speculators congregated. “BRIE” WAS ON EVERY TONGUE. It seemed to be the only word calculated to excite comment, and were the conversations of the later hours of the day repeated they would Ml columns. Among the leading bankera and brokers who had been dabbilog in Erte there seemed to pervade A FEELING OF ANXIETY, an anxious longing for the latest developments. Venerable heads of financial houses, who usually depend upon their junior partners or a confidential clerk to post them upon the movements of stocks, for the nonce FORGOT THEIR GOUT AND RHEUMATIS M, and ever and anon nimbly hopped from their heavily cushioned chairs to the stock telegraph over in a quiet corner, to consult the little market indl- cator, and, retreating, fell back into their chairs, to exult at their success or curse their foolhardiuess 1D not more carefully studying the problem of “ERIE’—ITS RISB AND FALIa But tt would be improper to associate this fitful financial fever with the entire sireet. it was only applicabie to those who were directly or mdirectly interested in Brie stocks, ‘The floor of the Exchange was the centre of ex- Citement, Wich 13 described by another reporter; Dut it had its effects within adjacent walls, that a re- Dorter ol the HERALD ventured to penetrate witha View of eliciting the feeling of the leading operators. Without the door of the Stock Room the reporter encountered one of the officers of the Exchange, a but a few moments before vacated the . ‘How goes the battle?” he asked, ‘ "THE MARKET 18 GREATLY EXCITED to-day on Erie. it has reached a very high point, has failen again to 6133, and has just reached 6434. It is continually Nuctuasing.”* “What is the cause of the unsteadiness of the mar- ket? “That is more than Ican tell, You had better eee some of the operators on tue floor.’’ “Is it true, as has been reported to us, that the Matter turns upon @ competition between rival Eng- lish tnierests, each one of which wishes to control we Erie road, aud thus bull or bear the stock ?? “suci 18 charged; but, really, 1 do not know of my own knowledge. Certain it is that ESIE IS THE HERO OF THE HOU and a few have lost, while many have made money, One firm, J learn, has failed. That ts ail the informa- tion I can give you.” “What source of information can you suggest ??” “Go around and see —, " — ‘They have, | learn, been the principal operators to- pe i ‘ou may be able to ascertain sometitog from em. Acting upon the hint the reporter called upon the head ota brokerage firm who are known to have a great financial correspondence in Kngiand, france and Germany. “Oan you give me some idea of wnat is going on day iu Erie stocks!’ asked the reporter. ‘1 come from the HERALD,’ “Certainly, anything in our power,” was the cour+ teous response, “what do you wish to know 2? “It ts claimed chat THE STOCK MARKET IS GREATLY EXCITED over Erie to-day. Have you any idea as to the transactionst” “Erie 1s fluctuating, 28 you doubtless know; up ‘one hour, down tie next. The market is very un- steady, aud while many to-day have made fortaues others have lost heavily.” “How many shares, think you, have changed hands? [understand you have been heavy ouyers to-day. Can you tell ms ho much you have bought on English account?’ “Our own transacuons, Of course, are confiden- b= a they have been large. I suppose that from ONE HUNDRED THOUSAND SHARES HAVE CHANGED |ANDS- HAN to-day, Those, of course, 1 mean have been pur- chased on foreign account.” “Who do you understand are the principal BUYERS ON FOREIGN ACCOUNT Y! “Duncan, Suerman & Co., E. & L. Von Hoffman, Drexel, Morgan & Co,, aad Dennistoun & Co., re- port says, have purchased consideravle.”” Several of Wiese houses were visited, and they de- nied that they Hud made unusual purchases yesver- aby “To what do you attribute the excitement” asked the reporter, in continuation of the interview, “There seems to be a great demand just now on the part of foreign—and especially Engiish—caplialists to invest in Erie stocks, I suppose 1’? “Yes; loreign capital is seeking investment in this country, where larger dividends are realized, Hut Lateribute the excitement in Erle to one prime cause, It appears to be A RIVALKY BETWEEN TWO LEADING HOUSES in England, fer turough thew agents here, to get control of the 1oad."! “That the English stookholders, you mean, pro- Dose to buy up the stock aud contro: the road and the gee Y ‘Yes; that is just‘t, At least, that is the best in- formation L have,’ : 0 are the rival factions *” “Jt 18 bard to say; but it appears to me that they are Bishofisheim & Co., representing te Atlantic and Great Western, and Raphael & Co., represent- ing the general stockholders in Evgland. It ap- pears tg de a singular RIVALRY BETWEEN HEATH AND RAPHAEL and the McHenry interests to get controi of the road,” < : “Well, how do you account for the falling off of the stock? It 1s now falling, I understand," “That the transactions have been ey con- fined during the past lew days to brokers in the in- Lerest of one or the other of these London houses Working in antagonism 19 very certain. Lut to-day NEW YORK HERALD, WEDNESDAY, MARCH 27, 1872.-TRIPLE SHEET. firm with which Jay Gould was tm the past identt- fied, with & view of ascertaming whether Le had lost or wé Une of the poriners expressed his inability to of Mr. Gouid’s gains or Dee accoul for the excitement on the u LONDON HOUS#S WERE ‘‘SHORI’ in Erie and had entered the market to purchase at the best terms to meet their obigations. Hc- de clared that he was satisiied inat fully three hundred thousand snares ‘of Erie had recently been trans- ferred to English capitalists, and this, he claimed, had withdrawn, this amount from the market at @ time when the demand for this stock was unpre- cedente’ tn Enrope, The above will give an idea of the diverse opinions Of financial houses us to the causes that led to the un- Bettied condition of tue Erle market. White it was the general belief ‘un the street” that fhe pur- chasers were acting in the interests o1 rival factions iu London, it was im) ible to discover the amount of transactions by them or the titms which con tributed to the excitement, 5 c A? THE FIFTH AVENUE HOTEL. The new and interesting phase in the sale and purchase of Erie stock in London and on Walt street Produced @ mild sort of excitement all over towa during yesterday afternoon and evening. Mer- chants and financiers on their way homeward Stopped at THE CLUBS AND CHOP HOUSES, ‘those quiet littie retreats only Known to the masou- line portion of humaaity, and which emulate tn seclu- sion and cosiness their older prototypes on the other side of the water; and they lingered there in small crowds to discuss, Over tragrant glassea of porter and ale, the great subject of the day. But, of course, there were larger congregations at the great hotels, where, after the “brokers’ dinner hour,” those who took active part in the doings Which created the excitement gathered together and brought with them from down town the very atmosphere of Wall street and the spirit that had reigned there during the hours of business, A? THE FIFTH AV!NUE HOTEL, As early as half-past four iv the alternoon a small bevy ot gentlemen had come together in the bar- room of the Fifth Avenue Hotel, listening with eager- ness to the querulous clicking of the telegraphic indi- cator, while one or another of them read from the ser- pentine slip of white paper that was continually growing out of its noisy Ups quotations of the prices of all sorta of stocks as they were rapidly transmittea from Wall street. ‘the variations that had occurred since the opening of the day, when Erle had been at 62—one per cent higher than it was in London at the same hour—wero the food Une excitement has extended to speculators on the Kirect, who are not interested on either side, and — trensactons have evidently caused the sudden rise and tall. Another irm—a very large banking house—was visited, and te junior partner responded to the ree porter’s queries.” ‘The substance of his statements were that he aia not believe the stock market was materially affected one way or the other by the rival facuons in Loudon. “Then, now i the world do you account for the excitement in this stock #7 “Stig very simple. 1 understand that within @ very few Weeks over ONE HUNDRED AND FIPTY-FIVE THOUSAND SHARES OF ERIE HAVE fb x NSF on the books here to foreign hoiders,” “And what eifect had it upon the market to lock up that amount of stock \”” “Precisely wat, It is temporarily locked up. All transfers here m the Bawe 01 4 foreign holder are virtually locked up until the agent who effects the transict on benaif of bis London principal receives u power of attorney from that principal, ‘These 's of attorney .ave mot yet arrived from iu. i (fe siock cannot be manipulated. k is While THIS LOCKING-UP PROCESS has been going on the change of management has uccurred, and the resuit Is inat the contracts made ou Lhe other side ol tae Atiantic Must be met. As & matter of course the wondon firms are “short” of tals stock, must secure it to meet thelr contracts, and they naturally come upon our market io compete of continual comment, The lively temper o! the market was something thatseomed to presage more than Was apparent in the mere fact that it was very unsettled. It was believed that, despite THE ADVERSE FLUCTUATIONS, the stock would soon be much higher than it had been before, that the fickleness of the prices was but the indication of a stronger and steadier tone hereafter, Tne statements recently published of the debts, earnings and property of the company probably had influenced the non-professional buy- ers ol the stock unfavorably for the moment, but confidence would be soon restored after the trial Which it underwent yesterday. It was said that the quotation at eleven o'clock of 67, and, later, of 65 and 66 showed that a depression s0 low as 61 probably resulted from SOME CONCERTED EFFORT on the part of buyers, and could not possibly have been maintained for more than a little while, This opinion gathered strength at five o'clock, when the Gespatches closed, aud the prices indicated were 64 5-6 and 644. It was reported in conversation that early in the day persons who had other stock than Erie had sul- fered their appreheasions to extend to tne safety of the former, and had sold in hot haste all that they could of what they neld. ‘This was true of tne Bai- timore and Ohlo, upon which large amouuts were sald to be lost. Among ‘THE WATCHERS o1 the prices at the Fiftn Avenue was Mr, W. J. Florence, the genial comedian. He moved about @ la promenade, with @ very serious look upon his countenance; but waslike many others there, how- ever, whose moods were doubtless more influenced by the blackness, dampness and bluster of the Weather out of doors than by any commotions in the financial world, and who were only idly min- gling with the crowd from sheer dread of ennui. At half-past eignt the corridors wore an animated aspect, with a restless throng moving about or gathering here and there in TALKATIVE GROUPS, However, there was no vehemency of feeling mant- fested, such as has distinguished financial crises Which have been attended by great and pititul ruin, The @ccentricities of the siock market yesterday were such that it seemed as if only luck guided the fortunes of those who participated tu the fray. A few quiet private sales took place last evening, Erie being bought for 6514. This statement, however, when circulated was not universally beileved, as it ‘was thought that with present indications no one would be foolish enough to sell at such a price. A QUIET SORT OF JOVIALITY prevatled amoug the overgrown boys of Wall street, as if they scnted a victory afar off, or at least a most exciting battle. As usual they Fenortod to trifing practical jokes, interspersed with tale tell- ing of the broad dramatic order, so that each circle nad its entertainment, and without any admission fee. A large number of bets were made and re- corded upon ABE FUTURE PRICE OF ERIE. P Many of thefii Wéré offered with the firm conviction that to-day it would reach 74, One follower of Mam- mon shouted :— “TI sell 6,000 shares of Erle at 65." ‘Tnis was takep, however, a3 a joke, and laughed at. A stock that was sold pretty ireely was we Union Pacific, which brought 3934, although on Change it had closed at 3374, The place for the TRANSFER OF ERIR STOCK 1s the office in Twenty-tnird street, whore it 1s said the clerks have been excessively busy lately, the stock public growling all the time about delay. Mr. Ralston, President of the Farmers’ Loan and Trust Company, Who was the devoted object of some ani- madversion, declared to a reporter yesterday that his oMice was used only for the registry of stock and the iesuing of certificates, The crowds in the hotel last night at length, like the snows of spring, melted, and the moneymen unfolded thew umbrellas like the Harabs and as sSwaggeringly sauntered away, to Ne awake think. tug of the rise of Erte to-day, and to gaze per. chaace upon visions which might be elther glowing or gloomy. JAY GOULD'S SUCCESSOR. Ata meeting of the directors of the Erie Railway, held yesterday, General Dix presiding, Edward H. Green was elected to Mill the vacancy in the Board occasioned by the resignation of Jay Gould, Tnere Was @ Small attendance, and no other business of importance Was transacted. MISCELLANEOUS POLITICAL NOTES, Thomas E. Cochrane, of York, Pa., declines being considered a candidate for Judge of the Supreme Court of the State, ‘The question of removing the State capital of Pennsylvania from Harrisburg to Philadelphia is being agitated ip the Legislature, The change might be benencial in one respect—members would find better hotel accommodations, perhaps, but how could they stand the Quaker City rifle whiskey ? Says the Washington Capital (anu-administra- tion):—‘‘At this moment the platform of the labor reformers at Columbus is made use of by republi- can newepapers working to keep their party to- | gether, Six weeks hence they will probaply be do- ing the same thing with that of the liverals,”” SMUGGLERS COME TO GRIEF, An Old Smug Game Broken Up After Thirteen Years’ Saccessiul Operation. (From the Boston Herald, March 26.) Some three months ago one of tho officers at- tached to the Boston Uusiom House made a small selzure of stimuggied gooas in this city, and in the course of his investigations into the matter, pre- vious to bringing it before the Court, obtatued a hint that tre case in hand was ony a small item in con- nection with a somewhat extended and systematic plan of smuggling operations. Acting upon the bit of vague intormation in his possession, he and others began to follow up the clue, and before long aiscovered that the headquarters of the opera- tors were at Eastport, Me ‘Tne articles thus fraudulently imported were hake sounds, from which isinglass is | manufactured, and cod liver oll Three large firms were impli- cated ia the aifuir, one of them doing business in Boston. The manher of proceeding Was to send aa agent to Eastport, and when @ fishing vessel caine into port from Provincial waters, with the desired merchandise on board, he would enter one, for its purchase. Our speculators ascertaining this cor Jon of things naturaily jump tnto the market, purchase and wait Jor an advance, and the result Js the Muctuations that have ruled to-day." “1 am informed by some that JAY GOULD HAS LOST HBAVILY, Do you know anything on the subject? “lbave heard rumors, but wil positive. If he has lost I shail not regret 1% It is certainly true, however, that our house nas taken no part in the excitement, pro or con., aud 18 in no Way inter- ested in Brie. iv would be well for you to call upon some of tie brokers Who are dealing in these stocks, and possibly you may get to the bottom of the excitement and be able fo discover its real cwuse,"? Some eight or ten banking and brokerage houses were visited, but the chiefs of each proiessed to have had no transactions 10 EB) A gentleman representing Drexel, Morgan & Oo., who rumor bali Dad made large purciases of Erie, declared Ley they had not purchased a sitigle share during he cay, Having satised himself thav no more could be obtained 10m Wwe brogers, Lhe reporter Visiicd & two or three packages at the’ Custom House, and, under cover of the permit thus obtained,’ land the whole lot, consisting of a dozen, twenty or wnirty packages, as tie case might be, The developments showed that this business had been Carried on successtuily for at least thir teen years, but as the law ouly covers cases within the five years last past Loiore detection the legal soverigncn Was confined to this period, and it Was jound that during \hat ume the Moston rm had smuggled in goods to the amount ot over nine thousand dollars, most of Which was cod liver oll, and avother firm had succeeded tn defrauding the government out of duties upon $5,000 worth of ‘oods. Taese goods Were shipped from Etstport to soston on tie Interpational liae Of steamers. The reason for the systematized fraud 19 the competition betweea te only three hake sound factories in the country, ali of which are located in Massachusetts, One ot the parties, the Boston firm, has settled with the goverament, and the others will probably do so, He Sriuw Liv. The outiaw Hildebrand, wno Was lynched latey in [issouri, writes to iuiorm the Gissalisded public Miat he etl Lived FINANCIAL AND COMMERCIAL. THE GREAT ERIE SPECULATION. Rapid and Extraordinary Fluctuations in the Stock. The Price Opens at 64, Rises to 67 1-2, Drops to 61 1-2 and Closes at 64 8-4, England and America Buying and Selling to Each Other Through the Cable. The Erie See-Saw Between London and New York. PACIFIC MAIL CLAPPING ON SAIL. Northwestern, Rock Island, Union Pacific and Ohios Getting Up Steam. SHALL IT BE A RACE AFTER ERIE? Khe Omens ot the Money Market. Advance in Foreign Exchange—Gold Strong— Governments Quiet. ‘WALL STREET, } TurSspax, March 26—6 P. M. On ’Change to-day wheavewas less acuve and not so firm, The cotton market was quiet, steady and firm. THK EXPORTS OF THE WEEK. The aggregate exports of domestic merchandise from the port of New York to foreign ports for the week ending March 26, 1872, were $4,078, 234, A HOLIDAY ON GOOD FRIDAY. ‘The Governing Committee of the Stock Exchange have decided to make Friday next a strict noliday, and have requested the members of the Board to arrange the settlements of their contracts accord. ingly. The building will be closed and the usual penalty imposed for dealings outside, MONEY UNSEITLED. The money!market opened casy, but became active as the day advanced, a fair degree of stringency being experienced about two o’clock, when as high fg 7 per cent, coin, was ireely paid for balances, and in some few case3 1-82per cent. The supply pecame better toward three o'clock, by which time the rate on call had fallen to4a Sper cent. Among the gov- ernment dealers, who had little to do in the way of hew engagements owing to the dulness of their market, the renewals were almost uniformly at7 per cent. Prime paper was quoted at 7 a 12 percent discount. Foreign exc'ange opened steady at the recent decline, but advanced 3g per cont for sterling and ciosed strong, the firmer feeling arising from the withdrawal of bills previously ofered against pur- cnases of Erie for the London market. The lead- ing bankers’ asking rates are now 1093, for sixty: day sterling and 11034 for sight bills. GOLD STRONG=@100% A 110, The gold market was dult and steady at the begin- ning of business, and continued so through the forenoon, the sales Occurring at 109% and 109% alternately. In the afternoon the quotation changed to 109% 9 110, in response to the advance in sterling exchange, and the final sales were made at 110, ‘The course of the market is shown tn the table:— 10 A.M. o M. 109% i In the gold loan market the rates ranged irom 65 per cent for carrying to flat for borrowing. The Operations of the Gold xchange Bank were as iol- lows:— Gold cleared. Gold balances... 07 Currency balances, 1,334,090 The Sub-Treasury paid out $700,000 in recemption Of the called five-twenties of 1862. GOVERNMENTS STEADY. The government list was steady and quiet, with atthe close a firmer feeling, in sympathy with the tone of the gold market, but no variation in prices, which were as follows:—United States currency sixes, 1155¢ @ 11534; do. alxes, 1841, registered, 11455 @ 114%; do. do, coupon, 115% @ 11535; do, fives twenties, registered, May and November, 111% a 11: do. do, 1862, coupon, do,, 111% a 112; do do, 1864, do. do, 111% a 112; do, do, 1865, do. do., 112% @ 11254; do, do,, 1867, registered, January and July, 111% a 112; do, do., 1865, coupon, do., 111 @ 1114; do. do., 1867, do., do, 112%; a@ 1121s; do. do., 1868, do., do, 1123 a 112%; do, fives of 1881, funded, registered, 10934 a 109%; do. do. do., coupon, 1093; a 109%; do. ten-lorties, registered, 107% & 10794; do do, coupon, 108 a 1083;. SOUTHERN SECURITIES DULL, The Southern State bonds were dull and without important change, The North Carolinas were ex- ceptionally heavy, if not weak, and tne Missouris strong. The new South Carolina July bonds were steady and moderately active at 39% 040, Prices closed :—Tennessee, eX coupon, 67 & 6754; do. new, 67 & 6734; Virginia, ex coupon, 54a 56; (lo., registered stock, Old, 44 @ 50; do, sixes, consolidated bonds, 6844 a@ 69; do, sixes, deferred scrip, 16 a 17; Georgia sixes, 77 @ 79; do sevens, 88 a 90; North Caro- lina, ex coupon, 36 a 87%; do. funding, 1866, 25 028; do, do, 1863, 23 a 24; do., new, 228 23; do., special tax, 1563 @ 1635; Missouri sixes, 9634 a 9634: do, Hannibal and St. Joseph, 93 a 9494; Louisi- ana sixes, 69a 62; do, new, 55a 60; do, levee sixes, 60 a 65; do. do, eights, 70 a 80; do. do, eights, 1875, 78 @ 84; do. penitentiary sevens, 63 a 67; do ratiroad eights, 70 @ 40; Alabama fives, 62 a 65; do. eights, 90 a 95; do. eights, Montgomery and Eufaula Railroad, 86 a 90; South Carolina sixes, 52 a 55; do, uew, January and July, 2934 a 89%; do, do., April and October 87 @ 3744; ATkansas sixes, funded, 5454 a 57, THR RAILROAD BONDS. The following were the bids for the railroad bonds:— $23,544, 000 1,181, New York Cen Gt West 24 m, 1803, New York Cen Quiuey & Tol i ork Ti & So Towa Ist m Gal & Chic 24 m bi, RL & Pactic 04 Pitts, FW & Obi ist m.. Pits, FW & Chic ud 103; Glev'e Pitwoon'sfs ns. 8 Clev & Pitts 2d m. a Clev & Piita 4ta_m, 86 Chic & Ait Ist m. 104 Chic & Alt incom 8 Onto & Miss Ist m.. 100 Ohio & Miss con. 93 Obto & Miss 2d m, con Yat m. 16 Woe Hav & St Jo con, Del, Lack &Wes Tot & W istm, 8t Tol & Wabad'm © st m, 1888, ...4. STOCKS ACTIVE AND UNSETTLED, ‘The great feature of the day in Wall street was Erie, the speculation in which overshadowed the dozen other littio movemenis and caused them to dwindie into inalzniivance by its side, Each morn ing the stock opens with: an advance of several per cent upon the closing quotation of the previous @ay, tho “jump” in each instance being due to the progress already made im the London market by the time the gavel of the Chairman of our Stock Exchange calls the Board to order. In other words, London has adjusted its bank account and is thinking about going home when the coupes ana stages drop our brokers and their customers at the entrance to the Stock Exchange for the begin- ning of their daily labora. From all that may be surmised London is more excited than New York over the course of Erte, and doubtless the specula- tion there is prolonged far into the night at the clubs and coffee nouses after the closing quo- tation of the New York market has been re- celved through the cable, Tne very first sale of Erie tnis morning, as recorded on the tape of the stock telegraph, was at 64, cash, Against 60, the price of the closing sales the night before, This difference was due to the relatively higher position of the London market, which, a8 was known to the bankers by private despaton and subseq uently to the era by whe press felograms, had opened at 62 and advanced io 64, ciosing steady atthe latter, We give the quotation for “unpro- tected” shares, which are the equivalent of the American certidoates. Adding the differences for exchange and the gold premium the quotation 54 is udout 65 tn our market, With a knowledge of these facts tho foreign bankers were immediate buyers of all the stock tnat was offered, up to the equivalent of the London price, their energy and confidence ut- terly terrifying the “bears,” who next rushed in to save some vestige of their money from the threat. eued obliteration of their margins, and frantically bought untit the price had gone up to 6734, or 163¢ Per cent since yeaterday morning. This rise brought out the foreign bankers as sellers again. The latter holding a knowledge of the London market—the key to the whole situation in Krie— were on the inside at all times, and, calm and cool when everybody about them was excited, bought and sold according to their information. Consequently there was a rapid decline from 67 to 644 under @ resale by the foreign houses of the atock they had bought in the morning; then a reac- tion to 66, then @ ‘‘break” to 6134 on a further offer- ing by the foreign bankers, who were now followed by anew crowd of ‘‘vears” and by hundreds of timid “bulls,’’ who feared the culmination had been reached, Buthere the foreign bankers stepped in again, and with the rigid “54” of London—or 65 here—the stock slowly recovered to 64%, and closed as near as might be on a level with the London market, The delay in the transfers and the accu- mulation of the certificates at the transfer office have made the shares very scarce for delivery, and a commission of 34 per cent, or $1250 for cach hundred shares, was at one time paid to-day for thetr use until to-morrow. One failure was reported this afternoon, the*broker having been ‘‘short’’ and unable to fulfil bis engagements, but his creditors are not heavy losers, Indeed, considering the ex- traordinary movement tn Hrie, the scarcity of bank- ruptcies is an encouraging sign, and may, doubt. Jess, be traced to the severe examples which the Governors have made in recent cases of reckless brokers. The rest of the market was independent enough of Erie, all things considered, and was dis- posed vo be guided by the usual influences of the Market. Hence, with the activity in money, prices were generally weak and in many iDstances lower, but with the relaxation at the close of bank- ing hours recovered and closed strong, with, in several cases, a considerable advance over the open- ing figures, the last remark applying more directly to Union Pacific, Paciflo Mail, St, Paul, Rock Island and Northwestern, although Wabasn, Ohios ana Western Union were not bebindhand in the upward flurry towards the close. New York Central, Lake Shore and Reading were comparatively dull and steady. Pacific Mail advanced to 63% in answer to Albany telegrams promising speedy action with reference to the bill to reduce the capital stock, and Boston, Hartford and Erte, flying asa tall to the Erie kite, sailed up to 854. HIGHEST AND LOWEST PRICES. The fotlowing table shows the highest and lowest prices of the principal stocks during the day:— New York Central.. New York Centrat scrip Erte Hannibal and St. Joseph. Western Union Telegraph Pacific Mall,..cecsee eee SALES AT ‘THE NEW YORK STOOK EXCHANGE, Tuesday, March 26—10:15 A. M. £85000 US 5-20, ¢, $1000 US 620, 0, '67..0 11256 4000 US 5-20, © "85. B00 di « N35, 2000 US B-W0, 6,'6B, 2000 US 6 © 1153; UU) US 5-20, 0, °87.. 1000) U 8 8's, 10-40, r..b8 107; 10 to 10:30 A. M. 200 ahs Brie RR $2000 S CO's J & Jy. 00 shs Weat Un Tet 500 de 00 Lake Shore & M 1300 ao., a (00 Chic ARI RR. 2u0 do, SS3ESE: Sees SFRKTESS SESS EE et ret 65, 4% First Bonrd—10:30 $1000 Tenn 6's, new. 7 2000 N Car 6° 200 she Erie RR. 200 a See SR SR FEEEEESSSELASZELS: a 8000 Great W: m. 9 2000 Pitts, FuW eChi Lat 105 1000 Chic & Al ine bs.. es as aE 4 66 10 do... bt Jou Cleve d Fits guia; BL 100 Chic & NW KR..03 81g 1900 do. sly Big 2 Lite 4 SLs 200 4a. 82 100 ay 8 200 300 as 81% 200 at 1 00 40% 82 200 4 81% 800 43% 814 200 4355 Wig 200 do, Bis 854 Boo Quick ME pr be Be 1137 40 West Union Tei..bo 716 11435 0 do. ls ne ns 114% 2 Ds 1% iv 6a i 62 i 6 WW BuN Vir , 62% Us itm i 62% 1% 6%, % 63 “4 63 20 Han Bt Sopt. ec By 98% 600 Col, C & ind CRI, By Be bead 26: t . 8 e a Sf | Suni lured tuaetddi'ta ga tud. eaute fo Horih alue ‘Cua, | | | i] 9434 700 a” 1100 ‘a Hix i i » os # i Bt 20 100 se oma 109 Sig agen ag 900 6 300 do Mia: 12:15 and 2:15 P. mM. io iit = 12:30 gee re 900 Pao z00 ao 200 do. do Bine ceil : sy Sioa aS “ Pi $00 rte ‘ha. alt” er 34 Soo ° Oe 635 Gv 98 i i a is ‘f i 1800 4g 4 I 20) © cit i oy +i a i at a no 33 A Tg ip ob ae TR, o B . ae eee By Second Board—1 P. M. 81000 95% . 90 1000 e 1G 8 136 set * 000 « nggeress ve ae SEES SESZESSSScESeseee: te lwo, 8 #15 62% 200 New J Cen RR. Lis 23g 100 do 62% 60 Chic & 7136 1300 11% 100 Bost H. 14 us fog lo 6595 9000 w i aq 1100 do & a 63 Fs Et eS North y Roe: et BS 08 115: BE Gen og PittaDurgesssces Goudeindden Sign $556 COMMERCIAL R=PORT. Cotton Moderately Active and Firmer—Re-« celpte at the Ports, 6,301 Bales—Flour Heavy—Wheat and Corn Lower—Oats Firmer—Pork ai Shade Ensler—Lard Weak=Petroleam ‘Closes Lower=Uopper Active and Higher=Spirits Turpentine Firm« er—Wool Quiet but Firm—Whiskey Lower. ToRsDAY, March 26—6 P, M, ASHES.—The market for the past three days has remaimed without perceptible change, Pots have met with a moderate export inquiry, but pearls were neglected and nearly nomi- nal, We quote:—Pots, 88 25 a @8 75 and pearis 10 a $10 50. BUILDING MATERIALS.—The market for bricks showed a trifle more animation, although the transactions were small, Prices generally were about steady, but for some descrip: tions an advance was established, We quote cargoes as fol- lows:—rale, 97 60 a @¥; Long Island, $12; Jersey, $10; North River, 12; Croton, $12 $15; Philadelphia front, from yard, 840 a €45, Lime continued quiet and steady. The arrivals were light, but of good quality, We quote:— Common, #1 60, and 1ump 2 60. The market for cement was dull and prices irregular, excepting for Rosendale, which 89 aithough there is 3K held above the current Sher Mame wee market remained without particular mace at #! CANDLES.—The change, either. in prige or the demand. ‘Tne current quota- ‘m, tions were:- atent ooo a 4c. ; stearic, 230, Ine, 18340. @ 1¥ige, for 20 CoppER.—The market cortinued active and firm. for the past three days sum up 1,500,000 lbs. of Lake at a B2iqc., matader of month, incluuing mer months, jc. & 290, OVFRE, --The market still remained dull and prices nomi. nal for ali descriptions. Messrs. William Scott & Son report the stock of Rio as follows:—New Orleans, 16,623 ; 170; Baltt York, Teasa0 iota, wa:—Since March kee, Santos, 8,664, and ex James L, Pendergast, 6400; since March 20, ex Merrimack, 5,983; since March 25, ex Anna, Cary Rio ordi Ie. ou © 4.511. We quote goes inary, 1 » finn, 1540, a lpsges: dos food, 18e. a 1b-qery dor orl cs Hic goe fem, des, heeseios es hee Satag Hol oil. poids Guth paid 8 Donte Nem 0 Meda. CorTox.—The market was materially firmer for spot cot- ton, notwithstanding the accounts from Europe continued adverse, and prices ruled *40. per ib. in seller's favor, closing with considerable Srmaness ai the improvement. ‘The market for forward deliveries was vigorous under a free demand, and the business wan generally at an_ advange of iyo. per lv. Pr-Day. List Rog. Totals cr re Cd 1,338 The sales reported on ‘Change foot up as follows)-— 1% 186 102 2 104 = 600 600 1,745 1,251 2,996 ales to arrive, Kor future the sales nave been as fol- 1, 100 at fc. (notice after 10ti), 200 at S-1tc. ; June, 200 dolivery (basis tow miadi :—Sales last evening after three P. MM 100 at 22 5-14c., 200 at 2u! 600 at 22 6-16; May, 1,000 at 22 1 ; October, 100 at 1u%0. | d-—Li-16e, patd to exchange 100 April for 100 May. “Total, 2,4u0 bules, ‘Sales to- day up fo three P. M.—March, 450 at 22'5-18c., 1,10) at ; 1,400 at 23°5-18e., 100 at 22 11-32c., 500" at 222¢0., 200 at 2 100 at 22%%c., 300 at 22 7-16e., 500 at April rs 23a, at “Y2' Liele., By Bey dil 4 200 “at 23%. 200 38 4-160, sey 0 At 293 ¢0., 1,100 nt Bio. ; Tuly, 100 at SB%Ge 25 Atle cust, 400 ai 23440. ; October, 1,800 at 20c.; November, 100 at fhe.} December, luo at Iie, “Exchanged” "ce paid to x change 600 March for 600 May; gc. paid to exchang: April for 200 June; 1-18e. pald'to exchange 200 March tor April. Total, 15,860 bales, Grand total, 18050 bales. Kutes on cotton to’ foreign ports closed steady’ us tollows:— 10 Liverpool, by steam, 4d; by to Havre, by jeam, %4¢. gold, sai! jeum, 34d., Com- \e.; to Hamburg, by to bremen, . by. steam, gold, compressed; sail, S%c.; to ' Baltic ports,” by sail, gold; to Mediterranean por by The {otal receipta at the 1—Ga Yea Ne Ports’ sum Orleans, 2,120; Mobile, 958; Charleston, 613; W: timibgton, "149: Nor- on, 51. Totaly imore, 145; New Yora, 373; Bost uk, "Tale any last weok, 7.282. ‘This day inst Year, 12,13, ye quote :— ea Ovtanas, Alabama. New Orleans. Texas, Ordinary.... at Bi . ae 4 Rk a5 a 2H +4 4 ae 2354, bad F f Be —Receipts--Flour, 7,555 bbls. ; wheat, corn, 27,700 do. ; corn meal, 200 bbls. and 438 0 do, Flour was in fa favor of the buyer, The saiea weie about FLOUR ANI 10,800 bushels ; bags; oats, 16,425 bushels; barl limited request and p1 though there 6,800" bb: es ter was 110 positive decline. Corn meal cootinued quiet but steady. We 84.50 a 86 00 600a 6 OU bia TO 70a 75) 1600.0 650 ba Tw 70a 845 Wa 785 Wa 800 St Lou ow extra... a so St. Louls straight exir 800 a 8 60 St, Louis chofce double $8 a 960 St. Lonts choice family. 9 50 a 11 50 Rye flour, 4500 540 Southern N 50a 660 Southern snj +57 a 6 oO Southern extra, 10a 879 | Southern {1 + 8500 15 Corn mé BO a Boo | Corn m $600 8% Corn m Bt a 40) Balti 39a 400 Caloric. 5M a 40) Punebeos + 1925 a 1y 70 —W heat was dail, lower, and closed nominal at avout $148.4 1 D1 Lor Chicago’ spring in store and atloat, #1 54 a $1 96 for ‘waukee, $155 n 1 59 for No, 1, 8168 a $1 70 for red winter, $1 7)a 1 75 cor amber in’ store and atioat. The gales were only about 20,000 bushels, at $1 51 for choice No, 2 Milwaukee fn store, $1 9% for cholce white, +1 69 for red Pennsylvania on the pier, Corn was dull ana lower, The sales were abbut 86,! ushels, at 7c. for mixed, Tle. 7 Lige. for yellow ; small Faies of Southern white at Jdc. a Te, Oats were firmer and fairly active, The 97,000 bushels, at 68340. a B8ye. for good to choice white Obto and st S6c. for mixed afloat, and tc, track, Kye was dull and nominal, at 86c. a 8c. in store, Later we bear of sales of 8,000 buabels at Sic. in store, Barley was dull and nominal at former figures, FRIIGHTS.—The market continued quiet and witi ceptible change in rates, The chartering business shows: consideravle animation, ‘the inquiry beg principally for yessels for the petroteum tr or general caro. ‘Those closed were at bout previor he engaxementa to- 0 rpooh, by steam, 10 bois, taliow at 20s. and 300 boxes bacon at 100 hhds. taliow ana 75 boxes been Ne rosin at 88, 200 bbls 228. 6i,; and, by sail, 204, 200 bbls, rosin at Ye. 8d., C00 packay ¥s. 4, a 32.94, To London, by fall, 200 bY and 1,000 bblsy oflcake on private terms. tons lard and bacon at 20s, 1,000 bl 1,000 bags clover seed on private tern British brig, 200 tons, hence to the Mediterranean, full cargo of petroleum at 5s. 61. a " ‘ Philadelphia for cases; a British bark rors eons bark, 668 tons, te terms; a German bark, Tyo, On privace terins; « » general caro, On private Hound to the Spanish Main, , to, on, logwood, #9 60; a Kritish to Liverpo', general cargo, on pri: reflned petroleum, to Histol, ganere! 414 tons, to Rotterdam: ni tene, vance ures were current. mar«et for hom) 'P AND JUTE.—The ap tit remained oe nomana ut uncial Jute ani sola, tor Mee nila, 640. ‘fon gold har Silo, ant sige, Surreucy, for jute HaY AN» STRAW.—The arrival of still continued ~ Nght, and under a ers favor. We quote :~Shipping, 1 Sr retail qualities, 81405 gi one Tye iruw, @1 (8 2 $1 10, and goort te nrem Hops,—The market rem: firm, was a moderate oall Seon bers al ihe susp of Able kinds being scarce, but litle was sosoumntioted’ ta way of business. Quo! UFATHER.—The ‘or hemo runderaie’ for tho Baa week Uh man tre oorly assorted stock ices have ormer position, The demand for good, but the’ marker {s nearly bare scriptions. were Hemlock—Buel fo, A we. middle, 28340. = 200; 40. light do. Californi oc. a Hge.; do., mitzio, Mige, a 28360. ; Oriness, a6, hea se fe = w . 280, a 32c, Onk- heavy, le, 3 iene x 8. ‘Bc. & Aue. 5 crop) " , 86c. & M0. ; don, light, 128 Bre Bag’ igen middle, 816. a 866, ; 40., r . & OLASBRS.—The market for domestic continued quiet and Without noticeable change in prices. Forelzn remained dult ‘from 67c. to 6bc. We ‘quote i or Insist Hew re Cuba—Contrifagal and mixed, elas... Race eared, ala SiS: 8 Sees Porto Heoreeeee.” 7 bbe: English Islands., a Bbc. New Orleans. 5c. ao, quick ins S1oHes Hie sage Zor apis tarvantiog wad “ner, a. (ie small lots) at from Te. to 72! rount ual oe) frm, tiger ron te ba Hk strained were taken for that pr on terms not made pul Mc, The market, however, "cannot be quoted as = although we have no sales on which to base quotations; strained quoted nominally at $3 40 a 3 ‘Tar was duil, but uochauged, A small sale of 20 bbls, of Washington was made at 83 25, O118.—The market for linseed continued moderately active and firm. Sales from crushers at 88c., in casks. Crude whale continued quiet, excepting a moderate inquiry at New Bedford, but prices were ateady ; quoted at 75c. Sperm was 4 but steady at $1 623g, Menhaden met with a moderate jemand at former Sgures, Bi Hi ETROLEUM.--On ‘Change to-day the market for refined continued about steady and very quiet—quoted at. 233¢c. a Buse. Crude in bul was algo quies but ‘unchanged—held ‘at 1290, a 12%6, Case oll met with some inquiry, but nothing Of imiportance was teported—quoted at 273g Ni ©. faphthe, was steady, although entirely nomInal—held at 10.40. a Lge. for Westerh or city. At the Creek the market was quiet and about steady—quoted at lower roaa. The Philadel market was quiet and a trifle easier. 000 bbls. standard white for rompt delivery at 21ige.'less return, and 5,000 cases do. at ry and in New York we hear of sales of 1,500 bbis. do. at 225¢0, and 1,000 bla, at 22340, PROVISIONS.—Receipts :—Pork, 188-bbls. ; cut meats, 1,036 lard, obla, and Werces, The market for mess without material change for future, but rather in ers favor for cash lots. were :- bbls. at Bl 60 bbls. for April at $18 and 250 bis. for July at 0 100 bbis. of extra, pume mess at $11, the mar- ‘with sales of 1,000 bbls. tor remainder of month jacon continued in good demand, but the bids are “generally below the views of holders. Faey 750 boxes ab 6%. for long ciear,74,c. for short do. and oc for she ed hogs Femained quiet and unchanged. ‘We hear of sal ribs, Dresa D quoted at Go. a 6240, for light to Heavy. | Beef remafned ai Gud unchanged. ‘Saies, 125 bbls. within the range of $8. €1L for mess, $10 a Sid for. extra mess, B18 a $15 for ‘and $18 @ #20 for India mess, uerces. ‘eef hams were dui! and nominal within the range of $23 a 27. Cut meats—There was a 4 demand for pickled ama, but beyond this there was but little doing. Sales 60U ackages, last evening and to-day, at from 8c. # 9c.; aiso hhhds. of bellies at ge, We quote:—Smoked shoulders, je; do, hamm 1c, + pickled shoulders, bc. a ic. ; do, hams, 81/0. 8 9346.; do, Dellies, To. a 8e., for boxed or loose. Lard— ‘the market for Western was rather weal sain, AF rr28; a tip, 1,45) Lona, ty Liavre, general ¢ but without essential change ine » Sales 150 tierces o! color at 8%. prime quoted at 9c. ; for April, 2,000 tierces at N00 tierces at 93¢c, There were a number of ‘rom Ay rit to June at 930. City lard was ©. & B20. 108.—The market continued moderately active and firm. ‘Tile sales were about 45 tierces Carolina ai 8%c. a Oigo., It bags Patna ut 760, a 7740, and BW) bags of Rangoon at ‘be. a Te. : and prices,” SuGAn.—The market for raw continued 4 ra although unchanged,are slightly in e hear Of sales of 731 hide, Of redutag Cubs ‘and 100 oxes do. at Bic. a Binc, Re but without material change in qui at MMe. a ge, and hard ace uote:—=Cuba—Interior to common relining, 6c. a 8340. ‘air to good fair retining, 8c, 90, ; good to prime refin: ng ,93 O40. ; tulr to ce fa Wc. : moiasses, hhds, and boxes, 40. a 040. Havana—Boxes, Dutch sta 1 to 9, be. BHO. j G0, 10 to 12, #0. @ 93ge.; do.. 16 to (c. & 100.5 0.18 t0 18, Wsge. a IL ge; do. 19 to 20, 11%4c, A l2}¢0.¢ aliic, Porto Hico--Common t) prime re- 0. white, LL 4c. ning, 8c. (a 8x60; fair to, choice xrocery, Be. @ Ie. Brazii—Dutch standard, Nos, ¥ to 12, 730. a 9c. Java dard, No. 10 to 12,9. a 940, Maniia—Superlor r, 7340, a 8c, New Orleans—Ronning "erovery do, Bigc, a 1034. ~The market for Kentucky was quiet, but prices remain firm. In other descriptions there was a fair business consummated at former prices. The sales were :—175 hhds. of Kentucky at 8c. a 13c. ; 400 cases of Ohio, crop of 1871, at W3ge. a 13340. ; 150 cases of Pennsylvania, crop of 1871, on private terms; 200 cases of Oho, crop of 1870, also on private erins; and 160 bales of Havana at 5c. a Bl 10. —The market for the past three days lias been quiet, ithout exsential change'In prices. Nothing of import. al fas reported. He Tee has a active demand, but at lower prices, The sales were about 800,000 lbs, at 8c. a8 15-160. for choice ty, rs ¥ 1.—The market continued quiet but firm for all ¢ ser! ehions, We have only to report sales of 1,000 Iba, @n- 1b.e do., at T0c. 5 Ae cece alam Western foe Sf val pee ‘pulled, x medium : pal + 90 bales do., 760, a Ble. ; 2,500 lbs, unwashed car; Geer aind 80 bales Cape, at 45340. 8 48360. Algo 13,000 bs. ol ‘ivate terms. OtAnaxey.-Recelpts, 1,065 bbis. The market was alightly ranhed fleece, 700. ; de by he receipts and prices were a shade Seles 160 bbla, at Soo. DOMESTIO MARKETS, GALVESTON, March 1872. tton dull; food ordinary, 20c, Net Teselpts, bales, Buon coastwise, 43, Salen, 300. Stock, 35,271. NEw ORLEANS, March 26, 1872. Cotton in fair demand; middlings, 920, Net Focelpis rhe brid ea to Great Britain, 2 et 8 MoutLR, March 26, 1873. Cotton firm ; middlings, 21740. a 2c. Net receipts, 419 bales, salon 800. "Bioak, 3038 rs SAVANNAH, March 1872, Cotton.—Holders firm ; demand light, otferings haat: mud- dings, 21340, Net receipts, 958 bales, Exports to the Con- tinent, 2,183. Sales, U00. Stock, 49,095, CHARLESTON, March 26, 1872. Cotton bil maigdlings, 2l%c. Net receipts, 513 bales, Sales, 50, “Stoc! LOvISsyILLE, March 26, 1872. Tobacco—Sales, 205 hhds; lugs, $775 a $8; low to good leaf, #8 25 a $11; ‘ine, B11 6) a wld, BUFFALO, N. Flour guiet; sales Western spring at 8 $7 B0a 3 5). Wheat dul! and unchi spring at #1 440 $1 45; white winter: 1 65 a #1 73, in Coe ela quoted at Ste. Oats—Sales of Western at OsweGo, N. Y., March 26, 1872, Flour in good demand; market steady ; sales 2,100 bbls. at 87 75 for No. 1 spring, #8 25 for amber winter, #8 75 for white winter, for double extra. W dull; ue car Milwaukee club, at 8159, Corn st bushels at Zic. on the track, Harley Quinte, Rye nominally soc, for Western, for bolted, $10 for unbolted, jd at 1 for Corn taeal—$1 C4 c. er cwt. Highwines, Millfeed unchanged; saorts, $25; s#hipsiuits, $20 a : middlings, #28 a #30, per ton. Railroad frelghts—Flour to Boston, tic. ; to New York, 69c.; to Albany, 49¢. CarcAGo, March 26, 1872. Flour—Bxtra spri 50a 87, Wheat active and ‘unsettied; sales of No. quiet and easier. a ye— stronger at téc,, 3 Barley dull and lower at dtc, for No. 2 § 2 ‘at B11 60, cash and seller April. Lard lower at Sige, Bulk meats unchanged; sales of shoul‘ers at 4c. ; clear rib sides. 6740. a 60; clear sides, Bsc. 464. Hams, in pickle, 6c. a Sige, Highwines quiet at t4iye. « 8436c.. Live hogs firm at unchanged prices. Re- ¥ is wheat, 41,000, do. do, oate, 4,000 do, barley and 4,00) hogs. Ship- 8,000 bushels wheat, do. corn, ‘oats, 5,000 do. barley and 8,000 hogs. COMMISSIONERS OF EMIGRATION. This Commission met yesterday afternoon at their rooms in Castle Garden, Mr. Richard O’Gor- man im the chair, and Messrs, Hart, Nicholson, Lynch, Schenck, Wallach and Mayor Hall being present. After alengtny secret session, the action of the Castle Garden Committee in retusing permission to Hiram R, Dixon to sell tickets of the Delaware, Lackawanna and Western Ratlroau in Oastle Gare den was ratiiied, ‘Messrs. Otto Heinzmann and James Shanahan were ordered to inspect the licensed emigraut boarding houses, On recommendation of the Wara’s Island Commit- tee it Was resolved to parchase at to-day's coal sale 2,250 tons of coal for the use of the Commission, It was jurtier resolved to purchase all the shoes for the use of the Commission at the Roman Catho-~ jie Protectory in Wescchesier, the price being ven cents 2 pair less than at any other piace. The Commissioners of Charities were requested to set apart a plot of two acres on the soutnwest point of Hart’s isiand for the Lurtal of emigrants, ie Commissioners of Emigration agreeing to tence 12 plot. On motion all bids for the erection of the new Tunatc asyiums on Ward’s Island were vacnann the plans on which tue bids were based being foun delective. On motion of the Finance Committee the follows ing resolution was adopled:— Whereas the State authorities are indebted to this Commis- sion in the sum of 180,000; and whereas the Comminsion han obtained Bank a loan of Ter ag security a city nm, and 0 for thie joamaveut of the bank refusing te bom! Lor 122,000, or, 1m the ell the said bond. Number of allen pat Number of alien passengers to A PROBABLE HOMICIDE IN NEW JERSEY. A Hotel Keeper Shot Near New Brunswick. On Wednesday night one James Bound entered Heins’ Hotel, at Three Milé Run, near New Bruna wick, and called for drinks and food, After satise fying his wants in this line he demanded from the lanalord, Henry Schierning, some money, which was refused, Thereupon Bound whipped out @ pistol and shot the landlord through vie rygnt cueek, the ball lodglug im the neck, Bound bounded from the house and on the back of a fue horge beloaging to John Caristopner, and rode olf. ‘All efforts to capture tli Yad failed up to last ae counts, Mr, Scblerning § wounded #0 that bis re covery is extremely duutiul,