The New York Herald Newspaper, April 8, 1872, Page 8

ANCIAL AND COMMERCIAL, ‘The Monetary Stringency and Its Causes, Natural and Artificial. A WRANGLE AMONG THE CLIQUES, The Bank Statement Now and a Year Ago. The Week’s Ebb and Flow of Prices on the Stock Exchange. COLD AND THE SUSPECTED GOLD CLIQUE. The National Finances for Whree Years. The “Locking-Up” Conspiracy in the Courts, WALL STREET, Sunpay, Apr te iste. t In general trade the week has been active for ‘Wheat and cotton, with the tone of the markets Orm. The dry goods trade shows considerable fall- Ang off, but tne season has already recorded a large distribution, IN WALL STREET ‘the chief features of the week have been the exces- ive stringency of the money market, and an acuve but unsettled movement on the Stock Exchange. ‘The course of the money market has been greatly Modified by artificial manipulation in the interest Of speculators desirous of a fall m the prices of Stocks, the natural activity of the season being ag- gravated by the withdrawal and iocking up of Money to an extent ‘luusly estimated at from Soar vo six muons. THE "LOOKING UP" CONSPIRACY ‘Was suspected early in the week, when the demand from brokers in connection with the carrying of Gtocks led to a starp advance in the rates on call Joans, the consideration paid for the use of money Fanging as high as %; per cent a day, in addition to Jegal interest, equivalent to pretty nearly one hun- red and forty-five per cent per annum. The complicity of one of the banks in this Operation being revealed on Friday by its appearance as a creditor at the Clearing House for neariy five million dollars, the imdg- ation of the banking interest took expression at @ special mesting of the Clearing House, whereat a comnnuee of one in the person of Mr. Tappan, President of the Gallatin Bank, was appointed to Make an investugation in connection with an oficial anguiry on the part of Mr. Meigs, tae Nauional Bank Examiner for tue district or New York. nese gen- Uemen visited the bank complained of, the Tentn National, and found that A WALL STREET SPECULATOR, famous for his bullish propensities iast fall, when he led the great rise in siocks subsequent to the Chicago panic, but more recently operaung on the “ear” side of the market, had deposited his checks for and withdrawn about four and a half millions of greenbucks, partor the amount going Into the Sub-Treasury to pay for a milion gold which he 1s supposed to h: bought from the gov- ernment through ihe agency of a Broad street brokerage firm. The Tentn National Bank officials denied direct conaection with ints operation, aud have given assurances that they will not allow a re- Peution of it, Tuey earnestly deprecate any action of the Clearing House likely to embarrass their business, and have nade so stroug an appeal to the ©ommittee that their case will, doubtiess nientiy treated wuen it comes up for consideration at te meeting of the Clearing House on Monday, when the report of the comiuttee 18 to be submitted, PAIR PLAY A JEWEL. ‘The public should wnderstand tat all this outery egainst the Tenth National Bank, an instituuon which has been often connected with these raids on the money market, does not proceed /rom thorouguly virtuous and disinterested motives. it 1s not our ‘Wish to defend tis action in this or the many previous cases of “locking up" operations, but the HERALD desires to see fair play, and in its complete mde. pendence of all cliques and parties can speak with an impartial object. On the stock Exchange there are “bulls” and “bears.’) The “bulls” have bought stocks which they wisn to sell at high prices, and to Jurther their plans they need an easy money market. The “pears” on the other land, have sold stocks nd have withiela the proceeds trom circulation, doing with their money What they certamiy may do M they wish to. Jt is, therefore, simply a convest between TWO SETS OF SPECULATORS ‘with whom the Untted States authorities, who nave Been appeaied to, sould have notning todo. The bank concerned may or may not have veen a Willing tustrument on wis occasion iu the scheme to make money stringent, but than other very reputavle Vicinity of Wall street, tt has done no more institutions in the Ib only appens that just now the parties wio used to “lock up’ money re anxious to have money abundant among the stockjobbers. ‘Their interest in speculation 13 of a different character from what it used to be, and hence they denounce what they once thougnt a periectly fair thing to do, aud what they practised many a time themselves. The banks are naturally Sensitive, because their resources are not ov abundant, and because they are unwitiing to make the coniraction which these “locking up” opera- tions tend to compel. The great activity of trade throughout the country has drawn down the balances of the out of town banks, Between the demand upon them to meet the call from the Turai districts and We wish to utilize ali the money they can in Wall street, they have run 80 close upon the line of their reserves that the averages for the past week show that they hold a surpius of Jess than $1,200,000 against $4,6: cor- responding me last year. ‘the bank statement of yesterday compares with last year as tollows:— 187: April 6. Loane. 4833, 400 Specie. 19, 764, 100 © reulation.... p Deposits. Legal teu TH MA The speculation on tue Stock Hxchange was mest active cariy @ week, and by Tuesday tue ad- Vance in prices bad reached the highest pomts of ‘the seuson, Brie leading the way to 68, After this @ay the tenuency was downward puder heavy Tealizations on the part of most of the cliques, wio then turned “bears? aud inaugurated the “locking up” of money. By Friday tne opposition to this “docking up’ movement had assumed ine qignant @ character that a strong reaction #et in which lifted prices again quite sudde but by Saturday afternoun, with the bad bank s' ment und the unretaxed siringency of the money market, a counter reaction followed, and Wwe week ‘Wound vp with @ return to lower prices. Jn government bonds a quiet business wae trans- Acted and at fuirly steady prices. ‘he immense re- @uction of the debt had @ Yueyant effect on quota- tions 1n Kurope, particularly upon the later issues hot susceplibie of immediate recail or cancellation. THE GOLD MARKET. ‘The dealings 1p gold were on a firmer basis, par- Ucnlarly after tue receipt of werd that the Baok of England had advanced the rate of discount w 3% yer cent, Which fact encouraged what Is expected tobe amovement for higher prices on tlre part of the ciique who have made themselves so comspicu- ous by their “locking up” Operations The price Advanced from 109% to 110%, tue quotation closing Op Sovarday at 110% a 110,;. . THY SOUINERN STATE RONDS. Mio) sad * was negieeted in the concentra. eatin; ten cee nthe railway and miscellaneous ‘4 Were steady and even firm,,con- sidering the condition of we money market. ehe ‘Tennessees closed strong on Saturday after a pre ous display of a Weak feeling. A ve eellng. A bor! Yor Virginia deserved 4 dae tan sPoC so NEW YORK HERALD, MONDAY, APRIL 8, 1872 Jobby and some or the mempers of the last Virginia Legisiature are heavily short of the scrip, New South Carolina bonds ranged from 38 to 3%. In the Tailway bonds there has been a sharp advance in Mobue and Onios on a large demand from the German bankers, whe are credited with having bought for European account, The following were the closing prices of the Southern list, including the leading rallway and municipal bonds:—Tennessee, ex cou- pon, 67 a@ 67%; do. new, 67 a 675; Virginia, ex coupon, 50 a 54; do, registered stock, old, 44 a 49; do, sixes, consolidated bond’, 66 a 6744; do. sixes, deferred scrip, 16 @17; Georgia sixes, 73a 74; do. sevens, 86 @ 87; North Carolina, ex coupon, 36 a 37%; do, funding, 1866, .26 a 28; do. do., 1868, 21a 23; do, new, 203¢ a 22; do., special tax, 14 a 15; Missouri sixes, 96 a 9534; do., Hannibal and St. Joseph, 923g a 95; Louisiana sixes, 59 a 62; do. new, 50 & 60; do. levee sixes, 60 a 63; do. do. eights, 70 a 80; do, do, eights, 1875, 78 a 85; do, Peniten- tary 8evens, 68.8 68; do. Railroad eights, 70 a 60; Alabama fives, 58 a 62; do, eights, 85 a 90; do, eights, Montgomery and Eufanla Railroad, 85 a 90; South Carolina sixes, 50 a 53; do, new, January and July, 38 @ 38%; do, do, April and October, 36 & 38; Arkansas sixes, funded, 52 4 66; do. sevens, Little Rock and Fort Smith issue, 59; do. do., L. R., P. . and N, O., 41 @ 50; do. » Mississippt and Ohio River Railroad, 43 a 4434; Mobile and Onlo Railroad, sterling, 93 a 95; do,, interest eights, 85a 89; do, second mortgage vights, 75 @ 40; Mississipp! Central Railroad, first mortgage sevens, 86 a 88; do, second mortgage eights, 75 a 80; New Orleans and Jackson first mortgage, 90 a 93; do. second mortgage, 75 a 80; Memphis and Charleston Rail- road first mortgage, 86 288; do. second mortgage, 76 @ 80; Greenville and Columbia Railroad, guaran- teed by South Carolina, 45 a 65; Macon and Bruns- wick, guaranteed by Georgia, 65 a 70; Wilmington, Charlotte and Rutherford eights, 45 a 50; Memphis city sixes, 67a 59; Savannah city sevens, 6&2 a 84; New Orleans consols, old, 74 a 76; do. issued to railroads, sixes, 74 a 76; do. sevens, 68 a 70. LATEST PRICES OF GOVERNMENTS, The following were the closing prives of govern- ment vonds Saturday evening:—United States cur- Tency #1Xes, 11544 & 11534; do, sixes, 1681, registered, 114% 115; do, do, coupon, 11656 @115%; dao, five- twenties, registered, May and Noveraber, 10034 a 10934; do, do,, 1862, coupon, do., 11234 @ 112%; do, do., 1864, do. do., 11235 w 112%; do, do, 1865, do. do., 11275 &@ 1134; do, do., 1867, registered, January and July, 112% @ 113; do, do., 1866, coupon, do,, 1114, @ 111%; do, do., 1867, do., Go, 112% & 113; do, do., 1868, do, do, 13 a 11 do. lives of 1881, funded, registered, 110 a 11044; do, do. do., coupon, 110 A 11044; do, ten-lorties, registered, 107% a 108; do, do., coupon, 108% a 10834, THE COURSE OF THE GOLD MARKET. The extreme fluctuations daily in the price of gold during the week were as follows:— Highest, 103g 110 110% no 110 110: THE BANK STATEMENT. The bank statement proved to be very unfavora- ble and suggests a much worse condition than 18 presented, for, with even the help of a distrivution of the loss of resources over six days, tie surplus reserve 18 reduced almost to a million dollars, Were Monday ‘Tuesday. Wednesday... Thursday. Friday. saturday tue statement made for Saturday and not given as an average for the week it would probably show that the banks are actually below the limit of re- serve which the law requires them to keep on hand. 1tis, of course, very proper to throw blame on the peculators for locking up money; but tae banks ought not to leave it in the power ol a clique to place them in their present position, Were they not 80 unduly expanded there could not be this un- lawful diminution of the proportion between re- serve and Habilities, The banks, in their greed to make money out of the wild speculation in stocks, have loaned every dollar they could spare to Wall street, While turning a cola shoulder to the mer- chants presenting applications of a more legiiimate character, Under cover of the excitement about the locking up im the Tenth National Bank the other banks are endeavoring to disguise their own indirect connection with the speculative mania in the stock market, The morality of the business is not the least changed because the Tenth National Bank happens to heip one set of stock gamblers and the other banks another, The totai averages for the week compare With those of last week as lollows: — March 30, prtt 6. Loans... $270,767,400 — $278,483,400 Specie see 21,384,700 19,764, 100 Cireulation 28,019, 400 28,014,400 Depostis. + 203,058,300 201,085,500 Legal tenders... 41,649,700 85,695, 200 —The changes in each item being as follows:— Increase 1n loans. 91,716,000 Decrease i specie, 15620,600 Decrease m circulation . 4,700 Decrease in deposits + 1,993,300 Decrease in legal tender: 954, 500 An analysis of the above shows that the banks now hold omy $1,189,250 surplus reserve—a decrease for the week of $4,075,600, STOCKS ON SATURDAYs ‘The fotlowing table shows the higaest and lowest prices of the principal stocks during Saturday:— Highest, — Lowest, 98 91% G2 116% 9534 New York Central. New York Centra: scrip Kock island... . St. Paul........ St. Paul prefer Obto aad Mississippl Unton Pacutic Hannibal and St. Josey Western Union ‘Telegraph Pacitle Mail......... The following were the closing prices as the gong sounded the adjournment at four o'vl -Western Union Telegraph, 73% a 7334; Pacitic Mat, 63% a 63%; New York Central, consolidated, 93% @ 98%: do. scrip, O11 0 91%; Ene, 6: ‘; Reading, i164 a 11 Lake Shor 9634 8 957%; Union Pacttic, 3314 38365 Northwestern, 821; a 82 Rock Island, 115% a 11514; St. Paul, 61% a 61%; do, preferred, 80 a 8045; Wabash, 75%) & 783g; Ohio and Mississippi, 47% a 4774; Boston, Hartford and Erie, 944 49%; Hannival and St. Joseph, 413s a 4236; Columbus, Chicago ana Indiana Central, BLK a 517 Pittsburg, preferred, 95a ¢ COMMERCIAL REPORT. Cotten Quiet and Steady—Reccipts at the Ports, 4,556 bales—Whenat Quiet but Firmer n Shade Virmer=Petrolenm Quiet nod Easier, SATURDAY, April 66 P.M. CoProN on the epot was dull of saie and quite nominal in Value, the #ubjolned quotations being hardly obtainable even for stpnil lots, 1 deliveries, without activity, continued firm. The sales Jon ‘Change sum tp thas! — ToDay. Lys Boy. Tota’. “0 " 40 a9 1,000 n 21 wo 1,061 sales have after ioree P, M.— Oat 2 S-16e., 100 4 Sig, 800 at J mt UB Welt d 15-16c., 500 at 2 & 109 c., 100 at 00 at 28 13-160,, hs at Way, 0 at and SM) Dales, o fore To Liverpoos, by st Havre, by sieam, um, %¢d., compres December, Grand by sail, 3-16d. a 7-821.; to fail, 3c; to Hamburg, by f sail; to Bremen, by steam, compressed; sail, S4e.; to Baltle ports, by wail, ; Mediterranean ports, by steam, lo. ite at the p vin ap thus: —Gaivestc + Savannah, 45; SL; Baltimore, 198 ; ‘tut This day Jast 6 ‘This day inst year, 3,4 We auote-— bia de loaner Ala ame, Orteans Ordinary..... 2 a or Good ordinary Low middiing... taken to mean that we },of Middiing .. 3a Good mda: 3 2, ay Us =the quotatior bused on cotton running In quality not more than haif a grade above or velow the grade quoted. Corrre.—The market was duit and prices nominal for Cargoes Rio ordinary, 1#%e, al) descripuons, We quote tain, 15; do, 4004, 16c, a 16'4¢, xty daya; Maracaibo, Re. ge, w a¥e. 5 je Domingo (in bond) {de RAND GRALN.—Receipts—Klour, 6,711 59,887 bushels; corn real, 1,152 bis, and’ 625 bags: $4225 bushels; bariey, 2/00’ bushels,’ and for the weck— Flour, 37,081 ‘bbls. ; wheat, 8; bushels; corn, 204,137 » and 1,768 bays; oate, dsheir, ‘The flour market rately netive aad firmer for all choice grades winter. Abe sales of all kinds aggregate about 14,0 bole. for Wiuter—Oats Easier—Spirits Turpentine. Dbis., including 1,200 bbls, of Southern and 200 bbls super the outside prices of our quotations, Comm ‘was in demand and stonay, The sales were om 600 bbis of Western yeliow at $8 70 delivered. We $5.00 a 96 25 65a 6 15 700 750 iva 775 62a 6% Extra do....... 7% — 7% Extra Minnesota. . 7508 8% Ronnd hoop Oto, shipping brands, 7%—_ 77D Round hoop Ohio, trade brands 80a 850 Famil oe 900a 950 10a 800 St. Louis straight exira, 850.0 900 St. Louis choice double 9 5 a 10 00 Rt Louls choles family. 10 00 « 12 00 400 n 640 5H 600 ba 6% 726 a 900 90a 175 e 350 a B16 rn meal, Jersey, S60 870 vorn mew!, Brandy wine. Be Baltimore. Bb a 35 Caloric. 365 a 8 b6 Puncheoni 87a ~-Wheat was duil, but irmer ‘for choice winter and easier for spring. ‘The sales were avout 22,00 busuels, at $1 79 for amber pena nia, #1 70» 1 75 for red winter, $1 90 for xtra white Michigan. Spring was nominal at $1 60 a 81 61 for No, 1 in store and 1 50 for No. 2 Chicago in store. The market closed with but little disposition to operate. Corn was aiso dull, bu anged. Tue sales were about ‘1,000 bushels at 73)¢c. a 74c. for mixed and hich mixed and 74c, for yellow, A portion ot the sales were on private terms, Oats were in moderate request anda shade easier. Sales 60,000 bushels at 52c, for No, 2 Chicago in store, b84gc. m B4c. for do. afloat, OAc. for mixed Obto afloat and béc. for white Ohio. Barley was moderateiy active and steady. Sales 22.000 bushels at 75c, in store for two-rowed State and #1 10 #1 1b for good to choles Canada instore. Rye was in lim- ted reygpat. We hear of sales of 6,000 bualels Western at ‘S8c. in Bore, FREJGHTA.—Tho inquiry for berth room continued very mo but raten remained without perceptible change. Inu shartering line taere was a fair call for vessels for the roieum trade, but beyond this there was littie doing. ‘ormer rates were current. Tbe engagements reported to- follows:-—To Liverpool, y steam, 7,590 bushels ut 4d,, and by sail, 1,000 oars, 44d.; to London, by sioum, 150'tierces beet at 4s. 64, charters were:—An Italian bark, hence to Venice, 2,300 bbls. rosin at 9c., and 1,000 cases petroleum on private terms; an Italan trom Philadelphia to Gibraltar for orders to the Medite: ranean, 13,000 cases refined petroleum, 8uc., privilege of the Adriatic at 35. MOLa6ses,—There has been a fair inquiry to-day for both foreign and domestic and the market remained firm. We hear of sales of 184 bbls, at from d%e. to bc. Some sales were made, the particulars of wuich we were unable to learn, We quote:— ae Cuba—Centrifagal and mixed He Orth Glayed Ble. a Me. SiUeurAgh, refining ... He. a bg juscovado, grocers a B60 Porto itico. ei ibe. © doe. Engilsh Islands., - 25c. a 85c. New Onleau ‘sue, at6e. __40e n Tc NAVAL STOKES,—The market for spirits turpentine was a tritie firmer and moderately active, ‘The sales were 10) bbia. in shipping order at cw. 60 bbla, m lots trom yard at de. and 60 Dbis. in lols from #iore at We, « 720, Rosin was dull, Dut held at former prices, Suralned quoted at $i 10'a 88 25, with bids of %8 without reported succ: We hear of sales of 7% bbls, of low No. Lat $0 60." ‘Tar was dull and nominal at previous figures. ETROLEUM.-On ‘Change to-day the market for refined was quiet and a ine easier; quote at 22%go. for prompt de= livery. Crude in bulk was also quiet and a trifle easier; held at ide. a 12ye, Naphtha rematued dull and weak ; quoted at 91¢. 106. for Western or city, Case oll was quiet, but held avshade higher; quoted nt ibe, a 28i4c, Vt the creck the Market remained unchanzed, but irregular and nominal; uuted at #343. on the upper and si 3} on the lower. Toad: ‘The Puiladelpita market was quiet anda shade easier; re: hned quoted ‘at 21'4¢, for early delivery, Later we henrd of sales of 3,600 bbla. standard white, suitable to vessel, at Bice. 4 8,60 bbls, do, last. half of Apia at 21ce,, 1,000 bola, Inat balf of May at 2isse. ; alno, rumored, 8,000 bbls. first half of May at 25,0. In New York we hear of sales of 2,000 buls., seller's option, May PROVISION 360, (91 packag and tlerees and for the cutments, 1,651 kegs. for mess pork was moderately active and di cidedly firmer, doth tor spot and future. The sales were : Su) boie., deliverabie Monday, at #18 123g; 260 bble., delivar- inesday, at $1 15; 260 buis., for July, at #13 65; 250 bbla., for do., ab 813 7, and 600 bvie., for A at 813 80, ‘The ‘Jobbing’ trade was unimportant: Bacon’ continued in moderate demand and firm, We hear of sales of 500 boxes at Gig, a yc. for short ib, whic je a trifle better. Di hogs remained ' quiet and quoted within the range of 6c: a 6c. for heavy to. high Keel remained quiet, but firm, smait ies Were mad withia (ue range of 98 a $i for mess, $10 a BIZ sor extra mess, $15 91S for prime mess, tlerces, and $18 a India tierces, eet hams ‘were also quiet and un- e fe reported of 25 packages within the Cut meats were dull and nominal at Smoked shoulders, 6c. a6%4c,; do. haus, We. a12¢.; pickled shoulders, 5c. a bye; do. hams, Kiic. a Vige.; do, ‘bellies, Tc. a Boy Lard—The market tor Western was auiet, but firmer for both spot and future; we hear of sules of 800 terces spot at $e., cash, for prime; 350 terces for May at fi,c., 600 tierces for June at #44c., and 600 terces for July at gc. City iard was in limited request and also firmer; gales 150 tierces at S4c. ‘The navy contract was fold to-day, c 500 bis “pork at L461, 3,00 do, do, at 814 65, 500 «lo. beef at $18 73, 1,000 do. at w13 87, 500 do. ‘at #13 93 and 500 do. at B14 43, Rick.—The market continued moderately active and firm invs, Tue sales were about 40 Lerces of Carolina at we Patna at 734. at 7,c., and 400 baga Ran- mu pd mules wi of B28 0 quotations. MV a Tie. k,—The market to-day tor raw presented the usual quietness, but prices remained firm, ‘Tne sales ‘. of grocery grades at from 9c. a10%e. ; 37D rifugal on private terms; 175 hhds. and 700 boxes, not given, also on private terms, ‘Refined was in firm, at 11440, a 11}c. for A, and 1244c. for rds. We quote :—Inferior to common refining, 7c. w Sige. 5 fair to good fair refining, 8340. a 8%e. ; good to prime relin- air to good grocery, Ye a Gye. ; prime ‘Ws 4 Myc. ; centrifugal, ids, aud hoxes, ses, huds. and boxes, 7 4¢. a Sige. 5 melado, Havana—Soxe-, Duich slandard, Now. 7 to 9, £0. 5 00vy 1 tO 12, 8290. a 95G0.5 dO. LS to Vy MXC. +18 to 1% Wige, a IV ge. 5 do, 19 Lo 20, Se, als @, Le, a 1c." Porto Kico--Common to prime ‘re tuning, tc.’ a 8/0; fair to cholee grocery, %. 1. Brazil—Duten staudara, Nos. to. L java— Duten standard, Nos. 10 to 12, 8c, a Ge, Mauila—Superior and extra superior, 7igc. a 8c. New Orleans—Reaning grades, 7'Zc. & BUC. § eracery do., Ye. a Ie. STEAKINE remained dul, and, in avsence of business, entirely nominal. TALLOW continned quiet, but firm, The sales were avout 60,000 tbe, at Yo, tor choice, Wiuskry.—Recelpts—112 bbls. and for the week 3,924 As abowt steady, with sale of 200 4ge, and part at 88, DOMESTIC MARKETS, NrW ORLFANS, April 6, i272. middlings, 23jc. Net receipts, 2.068 bales ; xports--To Bremen, 1,606; coastwi 5b. tock, 134,698. Steriing exchange, 120’, 4 per cent premium; goid, 11036. SAVANNAI Cotton quiet; holders firm; middiings, 22e. S44 bales, Exports—o Great Rritwin, 4,539 Stock, 1,323, Exports coastwise, 32%. CHARLES April 6 1872, Net receipts, Sales, 450, , April 6 1872. lddiings, 23. Net recetp Sales, 60, Stock, 18,464. + April 6, 1872. ‘sales, 98 bhds, OLNCENNATI, April 6, 1872. Mess pork bnoyant and unsettied; sales 4,0i0 ble,” at $13, seller Fune, wil city packed, no otuer wauted; sellers to-day all have pork and jutend delivering it; no spot sales. Lard unchanged and quiet at 84¢. aSige. "Hulk meata—Demand light; holders tirm; shoulders, 4c. ; sides, te. # tge. asked; no kales of importance. Bacon—Demand light ; holders drm shouiders, 47;¢.; sides, 6%%c. a 7c. asked. Live bogs duit and unchanged at $i a 425. Whiskey quict and weak mt 8c. OswEGO, N. Y., April 6, 1872 Flour steady and unchanged, Sales’ 1,700 bbis, at’ #8 for No.l spring; $8 60 tor armber winter; #9 for white win! #9 50 for dowdie ¢: firmness in pri Cotton dull and little doing 606 bales. Exports—To Spain, (00, Lowtsvt Tobacco active and strong for all grade: Baxging tirm at Ife, a Vi}ge. ‘heat scarce, which causes much i sales 1 car amoer white Michigan at #1 80. Corn scarce and firm, at Zac. on the track. Barley quiet; Bay Quinte hela at 1. Rye nominally 86c. for Western, Corn meni—$1 10 for bolted, $1 40 tor uabolte Millfeed unchange 1; shorts, $ut nivstuils, B27 28 w i per ton, as to quality. Highwines, allroad freights--Flour to Koston, 68e.; to Albany, Tho total movement of rain. over Lal BorrAato, April 6, 1872, Rail ahfpments 2,909 bushels wheat; hw ouunets corn, Wheat quiet, Saies of three cars Duiuth aid. two cars No. 2 iwankee at $1 44 a $1 4 a quiet and firm, Sales of 2,000 bushels at 4%c., in ele one cat at 58e. ‘on track. Oats and rye neglected. Bariey quiet, Sales of 10,000 buah- els Western at 7c. Seeds in Tair demand. Sales of 750 bushels timothy ut 3 a 3 2 bushels clover at $6 95 tor medium and $7 for iarge: AX at #2 25, High- wines nominally at We. Pork aud lard quiet and unchanged. ‘i OMICAGO, April 6, 1872. frm. Wheat—No. 2 spring wanted and higher at #1.25%. Corn eetive und advanced Qmixed at Be, Oata firmer and highe ie. Rye quiet and weak; No. 2 at ie,’ Barley nominal; # spring at dle, a 50Mgc. | Whiskey ‘at’ S2igc, Provisions strong and higher. Mess pork, $11 6) a $1170, Lard, 5 3736 a i:8 40. Bulk meats iirm; shoulders, Bie. : wides, Jes, Bc. Live hous tirmer; $4 0d a 4 55. T, at #5 20 to 96 124, Recetpts—3,000 ushels wheat, 47,400 do. eorn, 18,000 do. and 4,000 hogs.” Shipmente—4,00 bbis. four, 11,000 busheis wheat, 44,0.0 do. corn, 40,000 do. oats, 1,000'do.'rye, 8,000 do. barley and 8,000 hogs. KILLED WHILE AT PLAY, In Newark, Flour steady at Dat hige. n on Saturday afternoon, two boys, named James Duffey and Francis Manning, were playing on jan embankment im West Parker street, when it suddenly gave way, burying both. The workmen near by stopped eating their noonday Meal, and at once set to work to rescue the lads, Manning was dug out in time to save Ms Ife, but wuffey's liitie chest was crash in, and the lite Itterally squeezed ous of tim. Manning was slightly Injured. No luquest Was deemed necessary, TROTTING, RAGING AND GALLOPING IN CALIFORNIA, AGRICULTURAL PARK, March ié—Running maten $500, two mule heats, Mr. McOve named Siiver Heels. Mr. McFarland named Susie Hil ‘Lime, 4:06 ba —4 h Same Day—Pacing match $150 aside, two mile heais. GC. Kerr named BILY.......eeeee P. brandow named Swindle. Time, 5: 5 he Same Day—Runiing match, $160 a side, half mile Deats, Owner named Cayuga Maid... -1t Owuer bamet Tommy Chandler 2 2 Time, 52 s9—52 14. AGRICULTURAL Pang, San Frauctsco, Cal., March 23, 1572. —Purse $--; mile neats, three in five, im har- ne: Mr. Wilison’s Coquette | ie Te Owner's Priacess 222 Owner's Peanuts 833 ‘Tithe—2:38, 2:37, 2:37 3%. Purse $—~; mile hedts, three in five, in Owner's Charley Owner's Kave.. ay 2 2 2 Tne—2:57, 2:42, Dass. ft via h and contest the odds were five to one on a’, Sle Was easly bea areeaten, ten, and her backers lost AGRICULTURAL PARK, SAN FRANCISCO, Cal, March 27, 1872—Purse $100; mile heats, best ciinee in five. Lusk entered Knox, in harness, 1121 AicFariand entered Susie Hill, to Wagon. 2212 Mr. Pau entered Billy Keichun, In harness, dla TWMe—2ib], 2:62, 2:40 doy Ohi INTERNATIONAL PENITENTIARY CON- GRESS. The Great Prison Conference To Be Held in London in July. Result of the Efforts of the United States—The Whole Civilized World Interested—Past and Fresent Condition of Prisoners-How to Regenerate the Criminal—The Views of the Principal Euro- pean Governments— What the Result Will Be. The great work undertaken by the National Prison Association of the United States 1s beginning to make if apparent, After years of strug- gling against the evils of prison life, the apathy of officials and authorities, the prejudices of society and the intense ignorance and depravity of the majority of the habitual occupants or the penitenti- aries, the Christian influences and persistent efforts of these gentlemen in their endeavors at regenera- ton are at length brought to light, The difficulties to be overcome in such an enterprise are as varied as they arecontinuous. The yoyng offender, enter- ing for the first time a common prison, would gen- erally leave the place of confinement, 1f not @ con- firmed criminal, at least well instructed in the arts of crime and deception. ‘The clerk, incarcerated for embezzlement, returned at the expiration of his sentence, skilled as a pickpocket or burglar, a3 well a3 being provided with a vocabulary of obscenity sufficient to appal toe most stoical. Re ligious sentiment and ali idea of morality were ban- ished, The great aim thenceforward to him was to prey upon his fellows and pander to all the lowest passions of human nature, idleness being the chief dictator. Reform, under whose banner the philos- ophers of our time have incessantly marched, made itself known in the cell and tne dungeon. The axe was aimed at the prisoner himself, and a way was opened by which, if he would, he might become a reformed man and an honest citizen. If imprison- ment ls punishment par excellence, a8 Rossl aver- red, so the criminal convicted for violations of the Jaw is the individual claiming the special attention of philanthropists, and, indeed, the entire commu. nity, 38 his condition and treatment will affect them indirectly as long as he live it is not enough that the man who robs or wounds or murders nis follows should be convicted and tmprisoned—sent away from: all ola associations, He carries with him the germs trom. which sprang the impulse leading to the crime of which he has been convicted, and, though he may be unabie personally to commit further cepredations among the community, lis evil example and ob- scene utterances surely affect his fellow prisoners, many of whom have the opportunity of returning to the world and spreading broadcass the pernicious seeds 01 crime. GOVERNMENT ALD TO INDIVIDUALS, It is not astonishing, therefore, thay goveraments and ministers, having witnessed the terrbie effects of this system, have taken the subject under con- sideration, with the view of so improving the con- dition of criminals Wille under restraint as to pre- vent, if possible, that great evil of vicious commu- nication, and to provide for a system of moral tratn- ing, habits of imdustry and discipune. Tae cosmopolitan character of the population of all the largest cities of the United States, and the variety of sentiment and professed religious be- Mef of those under arrest, rendered the task of re- form extremely complicated. Tae goverament, under successive administrations, has given con- siderable attention Lo this great subject, and the present Cabinet readily concurred im the proposi- won of the Secretary of the National Association, Dr. Wires, to invite the governments of all other civilized countries to lend their aid and the benefit of their experience in order to arrive at some geueral principles for the treatment of prison- ers. Dr. Wines, having this object in view, last year visited Europe, made a thorough inspection of the prison systems of the various countries and re- cetved the assuraace of the governinent officers en- trusted with tue direction and management o: re- formatory and corrective imsticuuous that they would wiillogly co-operate in any work having for its ebiect the improvement of the stavus of the prisoner and the amelioration of the evils over which ta the past they have had littie or no control, YH INTERNATIONAL PENITENTIARY CONGRESS. Alter mis return the American Commnussioner re- ported to Cougress tne restut of his observations, touching upon the prison systems of each country visived, and oa the 12th of December sast, laspired by the ExXecutuve, the National Association issued a curcular letter to the national comunittees of other countries, proposing a general congress, to meet in London during the year 1572, to discuss the subject of penitentiary reform in alt its vearings, After a period of neariy three months of constant expres- Sion of international opiuion it has been decided tiat the gathering, whica 1s to be called the ‘Luter natioual Congress on the Prevention and Repres- sion of Crime, Including Penal and Kelormatory ‘Treatinent,” suall meet in the English metropous on the 3d of July of the present year, In tne rooms of the National Association for the Promotion of Social Scienc: : COMPOSITION AND ORDER OF PROCEDURE, National committees, now lormed in the various countries, wil be charged with wnatever in each country pertains to preparation for the Congress. They Will act as an organ O1 correspondence with other private committees, prepare memorands to be suvunitted to tne Congress ou prisons and retor- matortes of their own countries, invite persons competent and desirabie to iake part as members and prepare papers and vopics tor discussion. An International committee wil then ve constituted trom the several national committees by each de- signaling a number of 1s members not exceeding five, The tuuctions of this general committee will be Lo examiae and pass upon Lhe papers presented to the Congress, draw up a series of propositions designed Lo express the general conclusions of the Congress, to print a programme of proceediags, and have all things in readiness for the Congress as soon as it Suall have been organized, Each govern- ment wil bear the expense of its committee, The Congress will be constituted of two classes of dele- giiles—oflicial members, designated by govern- ments, and non-oMmcial members, appointed by boards of prison or reformatory managers, by pa- tronage or aid societies, &c. What 13 specially desired and sought is that tie Congress shalt em- body, representatively, ali the experieace, know- jedge aid wisaom or the world, theoretical and practtcal, on the questions which are Co come betore It. Papers designed tor consideration must pe brouguc within the briefest compass compatible With an adequate discussion of the topics treated, A fortnight has been named as we ume in which to aiscuss the prison reforms of the civilized world, which seems much too limited, considering the Scope, as evinced by the abyve tue of the body, oF miatiers (0 be discussed, SPECIAL WORK OF THE CONGRESS. The first aim of tie gathering ts to optain a general vaew of the actual state of prisons turough- out the world, ‘To this end it 13 Considered neces- sary tat each Country or colony furnish suca view of its own penal and relormatory instivutioas; and as Ulere Will be a great number O1 such papers’ Luey must necessurily be in the form of memoranda, covering ail points of vital importance, and re- stricted to quite moderate iuuts, tn’ order to secure a certain ualforuity in te information sought the following points are indicated, to wich the committees may direct their attention im pre- pauing tueir memoranda, without any desire to ab- soluiely confine them 10 these paruculars or dictate tue form of documents. 1, The Prison Systeme—Whether the cellular system or that of association prevalla in your country jor, Hi bola, in what proport ns? Classtheation of prisons as reg: ‘4 received {nto luem? The numu ards whe classes FoF prisons of e The average vumber of inmates in each class of prisons last year ? 2 wen Atrunetration.—Whether there ig a central au. thority having contro! of the whole prison avs Af musa ‘Al ausbority is wanting, witere 1 the Inanaging power ? In elther cano, waat is the resuit Jiciplaw. Whether the aiscipiine is intended mainly be deterrent of retormatory ? in ‘agencies mainly relied upon ? yt to plant hope in the breast of th I keep it here? Whetner pu 1 npon mm administe What kinds of ea are empioyed by the administra Whether or not voiun- tcer visitors are admitted into the prisons to lavor tor the mora} improvement of the Jumates ? The resuits in either case 2 Secwlar Instruction, point of edue: General condition of criminals, in jon, ou their commitment ¥ Provisi jor their mental improvement during their Hmprison way of schools, sibrartes, lectures, reading, &e., &c Proon Laie .—Wheiher a distinction 18 Taade in your sons between penal and industrial labor? ‘The kinils of Penal iavor, i any, employed, and tue resuits yielded by it ? ‘The kinds of industrial iabor in use? The prinviple on Whiew the industries of your prisous are organized—that 18 to say, Whether the labor of the prisoners i let to contractors oF managed by the administration? Which of these systems do You prefer, and what are tue grounds of your pretereace ‘Are the proceeds of prison labor in all or any of your prisons Auitieient to meet their ordinary expenses ¥ if not, how far do they fall short ? 7. Prison Ofivers.How appointed, and for what length-of time? Whether pohtical intuence enters as an clement into gheir appointment, and if wo, ite eect 2 Their ave mite Heations and coropetency ?’ Whether, there are any apecia trainine schools for prison officers? Do you revard such Avecial education as eswential to the birhest eiticiency ot the peual adminisiration of a country 7 B Sinilary Slate of the Prion.—General a dietaries? Ventilation? Drainage? Cieai ness’ Death rate? Reformatory Kesults,—Whether the reformation of erim- inal te ‘a primary object of their treatinent while in pri- sou! Whetber, as a maiter of fact, prisovers ip general, in le of prison e687 Bick ar country, Jenre the prisem once velier or worms (nan 249 30, The for the were Senciered i, rete etna tee aol eteaed Heriuo ont ing expouseee te 61600 leaving ‘@ balance of $668,913 . Regular interest, at Brepayment of gralation Be: Pn nner oarelente—s8 | Der-cent, has becn paid whe stock! by the 1 tt, mether fi tne practice of the criminal | lessees, This road has 01 the fatal accl« Courts in your country to give short sentences for minor | dents on the Jor this year, amounting to twen- them often in the case of the same rae regards the crodse or slninution of ertme e Js the Increase or Ti Kinks und Case of Oriinsivy.—What. ta the prevail Re Raryey oe cue in ped countrys And are wises Ot suscnihe deoreatries—The number, character and general resuits of this class of institutions in your couatry, including all institutions that rightrully come under this designation, whether technically $0 uamed or not? Tue average ageregate number of inmates? Whetber parents are held responsible for the support of their chiturea in Foformatorips, and, 80, to what extent such responsibility ‘orced ie Roturns of the well-doing of berated prisoners, abow- ing the authority on which they are based and the mode in which they are collected? ‘The severai national committees will not, it ts hoped, tn malting out their memoranda, fall to remember two sugues- tous offered by Baron von’ Holtzeadorit--Firat, that they furnish the Congress with plans of thelr tnost recent prison constructions, and likewise ™ model of their oldest prison atill {n use, a8 ao ald to the science of comparative prison discipline ; and secondly, that they accompany their reports with copivs of the criminal codes of their respective govera- ments, as also the existing legislation relating to the prisons of their several countries. GOVERNMENTS TO BE REPRESENTED, When the preilminary arrangements had been completed between Great Britain and the United States, the government at the Hague was the first to respond to Ue invitation. Pols, acting for the Netherlands in the matter, stared that his govern- ment would be represented at the Congress in Lon- don ana that one o1 ine committee had been re- quested to prepare the necessary memoranda, SWITZERLAND AND CAPITAL PUNISHMENT, Switzerland next replied turough Dr. Guillaume, who, regretting the absence of the death penalty in the preliminary programme stated, “We snould like lo see among theimportant questions, that of the aotition of the death penalty, which, precisely be- cause it is SUllin our day the subject of controversy, ought Lo be brought before so competent an assem- by 48 the Congress of London, which, above all, will Lave for its mission to discuss and to announce principle, ‘This question bas made progress in Switzerland, and all who velieve that the essential aim of punishment is to seek tne moral reiormation of the criminal Mind that this principle is mcompatible. Capital punishment has been abolished in unis canton since 1854, and crimes have rather diininisued than increased. ‘I'ne main- tenance of this penalty does not comport with the beautiful Christian and philanturopic priacipie which you adopted im the Cougress of Cincinnati.” BELGIUM. Belgium answered twirough M, Berden, Adminis- trator of Prisons, WhO stated “that within a lew days (irom ‘February 5) the Minister of Justice will have definitely tormed the list of members of tne Congress, and { shall be abie When commuuicating to you tle names ol the members of the National Committee to give you at the same time the names Of the persons wilo Wili be sent to London Jor the great work, THE GERMAN EMPIRE. Privy Councillor Steinman, writiug from Berlin on the sth of February, states:—“Ol ihe States of te German empire Prassia, Bavaria and Baden will be officiaily represented at the International Congress. My expectation ts that Saxon, wud Wur- temburg will aiso be ollicially represenied,”? As set forth in the lagi paragraph of the ‘points’ above given, Professor Von Holtzendortt, chairman ol the Berlin Society of Jurists, will represeat that body; and he has already handed iu a series of questions which show that ne bas a thorough Knowledge of the subject, as well as broad and ea- lightened views upon tne treatment of “reci- dives,” &e, FRANCE. France is about to revive tue old prison commis: sion created by Napoleon 1a 1509 wich ollicially charged co act as a Lauonal Culnuittice for that country, M. Jatliant, Director ol Prisons, states that the reorganizauon 1s now under con- siderauon by the governinent of M, ‘Thiers, and wnat France will certamly bs represented iu Londva. “she Wil not,” he says, “lose her miterest in we great socia! penitentiary movement, which deinands to-day more than ever tue atientiou of gover ments and peoples.” RUSSIA. . Minister Curtin 18 engaged at St. Peterspurg in negouating with the Russian goverument to secure oiiictal representation m tne Cougress. A nauonal commutiee it 1s expected Will be ordeced to attcua, When some excecdingiy 1tcresting data may be looked for from Siveria, *‘the iand of the eXile,’? and other poruions Of this great and hitherto despouc Empire of the North, in the meantime count Solionud, a distinguished sriend and promoter of prison reform tn that country, has written a lengthy series of questions embodying a profound pailuso- phical study, There are points and ieanings in the questions Which canuot carry all votes, but they are the production of a Vigorous and enligatened mind, igly Suggestive, and, as they are about oue haon- dred and fifty in number, will iurnish abuadant matter tor those who contemplate & parucipation 1 the labors of the Congress, de maintaios as a pre- liminary that “prelimimary imprisonment 1s a necessary evil imposed {rom considerations of social security.”? ITALY. Of all the countries signifying their intention of being present at the Congress italy has so far mant- fested the greatest amount of entausiasm., Writing from Rome on January 22, 1872, F. Oardon, Direcior General of Prisons, aid Minghelli, Vaini and Mar- tino Beltrani-scaila, [uspectors General of Prisons, made a masterly and complete review of the eutire fieid of criminal statistics and prison treaunent, staring out Wilh a singular and somewhat obscure suggestion tuat France and Germany, two of tne greatest nations in Europe, should certainly ve rep- resented at the Congress, in such mabner that both may bring to it the impuise of their national life, the resu'ts of their expertence, the treasures of their knowledge.” Way tnese civil magnates of the classical Evernal City shoula be so solicitous, for tne latter couutry at least, 16 18 dillicull to imagine, Their united efforts, however, have supplied the United States association with some Valuable suggestions, and, taken altogetuer, Italy need not be ashamed of the document when pre- sented in London for consideration. Other countries are forming thelr committees of delegates, which will Le nouced as soon as re- ceived, HOW TO REAP THE BENEFIT OF THE DISCUSSION. ‘Yhere can ve no doubt that a large amount of in- formation on ail points connected with prison (us- cipiine and the repression oi crime will have been collected by the Congress; that certain generat principles will have been agreed upon, and that a strong impulse will have been given Lo the cause of penitentiary reform throughout the world. But if the maiter stop here toe labors of the Congress will have been comparatively barren 0: permanent re- sults, because the momentum gained will soon have expended itself, It seems, therefore, in the highest degree desirable, that some means should be de- vised to conunue and, if possible, multuply che bene- fits flowing from the‘ Coagress, a8 Irom a living fountain. No beuter agency to this end occurs to us than the creation of a central bureau, to waich in- teliigence relating to this interest and the progress made buerein shail be regulariy communicated every year from all parts of the world, and irom whica, iu @ digested and printed form, it shail be again distributed to all the civilized nations of the earth. Thus every part of the world wiil be kept intormed of what 13 doing in every ovher part in relereace to this vital interes¢ of society—the treatment of crime and criminals, with @ view to the repression oi the one and the reformation of the other. In this man- ner a continual circulation of ideas will be main- tained; the nature and result of experiments in penitentiary and reformatory discipline, undertaken 1n all others, ana an honorable rivalry will be kept up between nations, In which each, while rejoiwing ’m every instance and at every proof of progress, elsewhere, will yet strive to outstrip its fellows in the race of improvement. With national cor Miitees or associations actively at work In the diferent countries, With @& great ceritral organiza- ton performing the double function of a receiver and distributor of intelligence, and with inter- nauional penitenuary conierences renewed irom Ume to time, 1t 18 @ Teasougole presumption that, within the next haif ceatury, progress not hitherto 80 much as dreamed oi even by the most sanguine Will be made into the Knowledge and application of processes for the prevention of crime ana the reformation of criminals. THE JERSEY RAILROADS. Interesting Figures and Statistics. ‘Tove annual reports of all the railroads, steam and horse, operated in New Jersey for the year 1s71, have just been published by authority of the State, and furnish some very interesting figures andgta- ustics, Besides the horse car lines worked in the larger towns tere are no Jess than thirty-seven steam railroads, Foremost among these 1s the New Jersey, or United Railroads, ieased to the Pennsy. vania Ratiroad Company. They include the D ware aud Raritan Caudal. The oficers report a capi- tai stock paid in of $18,990,627 59; fnaded aebt, mortgages, &c,, $15,205,744 70, making total labii- ues of the compan $87,276,872 20. The re last year were $7,561,078 70; expenses, inciuaing Interest, taxes, &c., $6,492,901 leaving & valence carried to protitand loss accoant of #1, 5 Amoug the Habillues of the Companies assumed by the Pennsylvania Railroad Company are bonds due the Suite of New Jersey amounting to $60,000, witch draw seven per cent interest, The tax pat Ibe State and United States last year was 34 Vk 1% ot flity accidents oa these roads during 187i thirty.six proved jatal. The causes were etther through walking on the track, attempting to cross It or being sirack WHLe passtity bridges trom care- less exposure, Scarceiy a single passenger was injured, except one or (wo in attempung to jump otf or on the cars waile tuey were In motion. fue Central Rairoad, which operates _ two branches, \ue Newark and New York aud the South branch, reports the capital stock and indebtedness 220,091 31; the receipts tor the year, $4,470, , and he expenses $2,752,152 73; balance of , ngs, $1,718,519 O1; and a very short report ends with the announcement that “dividends amounting to ten per cent have peen made in cash. Between forty and fifty accidents are reported, of which twenty-crht were fatal. ‘Ihis, of course, udes the catastrophe of last summer (July 8) on ewark and New York road, fully reported at 2 ume. Mix deaths are reported by the company th as the result of tie criminal carelessness of the switchman, Wm. Thompson. Six passengers were slightly injured aod none were killed, The remain- ing casualties were, as ugaal, mainly owing to te carelessness of those who were injured, The cost of ine Newark and New York road ts set down at at $2,807,275 44, Over $338,000 per miic. ‘Tne Morrig and’ Easex road, being leased to the Del: and Lackawanna, is dismissed with & shortexhibi, The total cot of the road bas been will ve | this prac- | company, 1m any given country, wil be promptly made known | Mr. 3. Smut road ty-eight; the majority of them were employés of the RACING IN ENGLAND. Commencement of the Fiat Racing Season. The Lincoln Meeting—The Lincolnshire Handi- cap—Victory of Mr. Chaplin’s Bay Colt Guy Dayrell—A Great Blow for “Prophets” and Backers, LONpon, March 10, 1872, The “close season” of English racing was brought to a conclusion on Saturday last, and yes- terday, in accordance witn the regulations of the Jockey Club, the sport was commenced for the Year. It wasin 187) that the club, urged by an out. burst of public feeling on the supject wad being at the ume in an unusually reforming spirit, ander- took wo make certain alterations in the rules, which, it was considered, would put an end to certain ory- ing evils, and would consequently tend vo tne well- being of the turf. It was considered by tne majority: of the members of the club that, among other mat- ters which required to be dealt with, was the length. of the flat racing season, which, it Was generally be- lieved, Was so extended as to act prejudicially on. the constitution of ine English thoroughbred, This view prevailing, it was decided that no horses. should be allowed to run on the flat, and ander the sanction and with the cognizance of the club, before the week which includes the 25th of March, or after the week which tn- cludes the 16th of November. in tne former case, however, an excepuon was afterward made in favor of those years in which the 25th of March Jails In Passion week, when, 1t was arranged, racing: might be commenced in the previous week, This is the state of mutters this year, and consequently racing on the fat nus begun seven days earlier than usually does, Such an alteration in the regula. tiuns resulted, naturally enough, ina rush of lessees to secure che best weeks; for, while the number of meetings 1s constanuy increasing, the portion of the year to be divided among them has been limited to about eight montis. Last year this led to a REGULAR SCRIMMAGE between the lessees at Lincoln and Liverpool, the first of whick Is, lor the most part, @ flat racing meeting, With steeple citases and hurdle races scat tered through the programme, while the latter may be most accurately uescribed as a@ steeple chase gathering, with a few flat races mterspersed, On. that occasion tue two “clasned,’? both running nearly through the week, aud, to the great disgust of the sporting community, necessarily broken up. into two camps, tue Lincolnshire Handicap—tue firstimportaat fat’ race of the season—and the Grand Nauionai—tho greatest steeple chase in the world—were run the same afternoon aad within ap hour of each other. ‘Lais policy was So suicidal to the managements and so inconvenient to the turt generally that it could not be again attempted, and an arrangement was come to by which, on this oc- casion, the first two days of the week should be given up to Lincoia aud the succeeding three to Liverpool, the Lincoinshire Handicap bemg fixed for yesterday and ue Grand Nauonai tor fursday. With ail this, however, the glory was departed. from the former meeting with tue 108s of its bwo-year-old Facing, Owing to another regulation of the Jockey Cluo, passed af the same Wane as taal already referred to and decreeing what no two-year- Old sna start ior a race betore the 1st ol may, the argument bemg, of course, that too early work tends to undermine the constitutions of tue young animals, Ine meeting, therefore, depends lor any Success it may have on the attractions oi its haudl- cap aud tue patronage of Mr. Chaplin, M. P., woo won tue Derby wita Hermit @ few years ago, and Who Is the largest landed proprietor 1m the neign- borhood, His seat at Lincoin is callea Burghersh Chanwy, aust tuere he Invived all the leading mag- nates ol tne sport, lucluding Lords Anuesiey, Dur- haw, Westimoreiaad, Wilton Kosebery, Admural ous, Sir KF. Jounstone, sir G. Chetwynd, Colonels Forester, Keijly, Willams, Captains Johustone, Machel,’ &c. ‘THE LINCOLNSHIRE HANDICAP Was on this occasion by DO Meaus @ success, 80 far a8 ue acceptance Was Concerned, lor a vast pro- portion of the auimals weighted paia forfeit; out Ute NUMvEF Of CUNntEesLants Was enormous—tar More thaa any one had ever expected to see at tne post, ana any more than gegerally turn vat lor this race. ‘This was ull tne worse; lor tue course 18 very awkwardly constructed, and Oe Of 163 Urns 13 80 sharp tna wien w greas number of norses get vogeiher, only tose lying in trout have auy chance, and some of Une olners wre almost certain to come to xriet in Lue inevitable scrimmage. rukep as a Whole ey were u very poor lot, bul many of them had been so highly wied at home that tere was aD. immease amount of speculauon on the race, and nearly wWenty of Wie candidates were backed for PSUs less money. ‘The following was we eld s— ‘LHe LINCOLNSHIRE HANDICAP of 500 sovs., added to @ sweepstakes 19 Suvs, each, 10 forfelt, for three~ year-olds and upwards; Winners extra; second re~ ceived 30 SOVS. OUL Oi Lue Stakes aud the Laird saved his stake; one wile; 1 suvs. Ar. Chaplin’s b. ¢. Guy Dayrell, by Wild Dayrell, Kegineiia, by King Tom, 6 years, 111 1b: . Mr. G. Holines’s br. c. Peto, 3 years, $8 lbs General veel’s br. nb. Entieid, 6 years, 10v 1 Mr, Jounstone’s cli. c. Fisherman, 4 yours, 109 18. 4 Mr. G. ierring’s Border Knight, 6 yea ips.. 0 Mr. Bowles’ Lord Glasgow, 5 years, Ls ios. 0 Lord Angiesey’s Vesiuunster, 6 years, 1 “oO air. G, Angel’s Scarboro, 5 years, 114 ibs. Baron Scnickler’s Katate, 6 years 118 lps. Mr. Johustone’s Columbus, 4 years, 107 lus. . Mr, Merry’s Falkurk, 4 years, 104 10s, Mr. ‘i. P. Wicknan’s Phosphorus, 4 years, 108 ibs, Lord Downe's Bordeaux,"é years, 102 Los Mr. J. Dixon’s Charuweuse, 6 years, 102 los Mr. Gerald’s b. c. Cymoeline, 4 years, 101 Ibs. Mr. C, Heaa’s Relorm, 4 years, 100 ib: Mr. U. Rayner’s Queen of the May, 4 years, 97 los Jolonel Forester’s Kumbie Bee, 4 years, 96 los. A. Lefevre’s Ii Maestro, 3 years, 93 lus. Mr. Joha Dawson's King Mob, 4 years, 92 los. = Count G. Batthyany’s ro. i, Little Nelli, 3 years, 9u Lbs. ir ars, 5 . Mr. Bisnop’s ch. t. Gentle Gale, 4 years, 90 lbs. Mr. Keginald’s ¢. by Bialr Athol—Queen of Spat B years, 90 los Mr. #. Fisher’s Kouen, 3 years, 39 lbs. Baron schickler’s La Hague, 8 years, 86 lbs. Mr. W. Vaughau’s Smoke, 3 Years, 83 Jus. Baron scnickler deciared to win With La Hag’ Betting @t stari—d to | against Kuueid, taken; 100 Lo 16 against Falkirk, taken; 7 to 1 against Scar boro, taken; 10 to 1 agaist Phosphorus, taxen; 100 to 6 against Guy Dayreil, taken; 20 vo 1 against Kouen, taken; 20 to 1 against Columbus, taken! 20 to 1 sales Queen of the May, taken; 20 vw 1 against Litile Nell, takea; 100 to 3 against Reform, taken; lov to 8 against Peio, taken; 100 to 3 against Smoke, taken; 100 to 3 against La Hague, taken; 40101 aguinsy sorder Kuigut, taken; 40 to 1 avast Bum- bie Bee, taken; 40 lo 1 against Sweetmeat, taken; 66 Wo Lagainst Lord Glasgow, taken; 66 to 1’ against Queen of Spain (colt), taken. THE RACE—TKEMENDOUS “SCRIMMAGE.” Alter pumerous breaks away, owing wo the frac tiousness of several of the Competitors, the flag was Jowered to an excedent start, ol Which Kotieid got the best, closely iollowed by Lord Glasgow on the night and Bumble Bee and Chartreuse oa tne ler. ‘Lue most couspicuons Of the others were Kouen, Peto aud Fisherman, but the rest were so closely Wedged togetner (nat 1b Was impossible to make out auytuing except tat reform, Scarboro anu Vest- huloster Were in the eXtreme Fr ‘There was but slight Variation as they swept past the rst post 1m Lhe bend, but here there occurred @ great sertm- mage among the centre Norses, the result of Which, 2 Bios eco S69 Scoccoceososs so far as Scarboro was concernel, was that in attempting to geh turough he was knocked about 80° much that his chance Was hopelessiy disposed ol, jostling continued without intermission for severai hundred yards, and So great Was the pressure on the out hide horses thas they Were driven agains: the posta which guard the course, and which they threw down one after the other, fortunately wituout i- juring themselves. Chartreuse, Lord Giasgow, ample see and Kouen were disposed of one after the other as Wey approached the straigai, where Bnyleia was leading, closely attended by !'ero, who. was going SO Weil that It seemed as if he would win, Dut he could wot improve nis position, Just outside the distance Guy Dayrell, faiio. running, closed with Enfield, and having the vest of him in & moment dasned to the front and wou ia a canter hy a couple of lengths trom Peto, who veat une favorite by haifa iength. Lhe result was a GREAT BLOW FOR “PROPHETS” AND BACKERS, who were “foored” almost to a man, for not one of ‘the former ever thought of Guy Dayrell in coanec- tof with this race, and very few of the latier entrusted him wiih a shilling, all the money tat brought the horse within a few hours irom an out- side price to the comparatively short odus of 16 to L coming from the stable, The victory of Mr. Cnap- iin’s colors was extremely popular among the locat “yokels,”” but 1b was by no means so with tue general sporung pubitc, with whom this genueman 1s not at ail a favorite, Guy Dayrell, now five years of age, Was a very good two-year-old, so good that he was heavily backed for the Derby, nia then owner, Lord Westmoriand, taking £20,000 to £500 avout him, but it was afterwards discovered that, singularly enough, he was not entered for tae Derby, . by some unaccountable mistake. Since ne was & two-year-old the norse has never wou a race, and it is evident that he had been very carefully kept for the handicap, over which most oi Mr, Upaniin's gueste won heavy: