The New York Herald Newspaper, May 16, 1872, Page 5

s FINANCIAL AND COMMERCIAL, REVIVING THE TREATY. Simultaneous Influence in the London and New York Markets. GOLD DOWH HERE---BONDS UP THERE Purchase of $3,000,000 Five-Twen- ties hy Secretary Boutwell. ——_-——— PACIFIC MATL. Beat of the Law Authorizing a Reduction of the Capitel Stock and Preseribing the Qualification of Directors. Babee sian LOOSE, LEGISLATION. pleco How To Be Honest—A Manual for Wall Street. Governments Firm, Railway Mortgages and Southern Securities Quiet and Steady. Money Easy---Foreign Exchange Unchanged. TRBASURY BALANOBES. WALL Srrzer, WEDNESDAY, May 15—6 P. ‘w.} On Change to-day wheat continued inactive, the igh prices still asked restricting dealings. At the @lose the market gave way slightly, Flour was Gull and heavy in the cheaper grades, Cotton was quiet, but firm. THE FEATURES ON THE STREET Were a fresh effort in certain quarters to galvanize the Washington Treaty into new life by reports from Lendon and Washington, and an increased hase of bonds by Secretary Boutwell, The tev has proved virtually inoperative in a direct sense, but soferentially may have had its iafuence, $# will be seen hereafter. REGARDING THE TREATY, ‘which, for all purposes of relieving: the present em- \barrassing situation in our commercial relations @broad, as was said before here, 18 a complete dead letter, as, treaty or no treaty, we must continue for seme time yet to stip specie in settlement of our foreign indebtedness, the revival of hope concern- Mmgan amicable arrangement on disputed points ‘Was adroitly managed. There isa certain sugges- {iveness, however, connected with the means mado we of to this end that recalls the daya ‘ef the Syndicate operations and that re- Markable negotiation through the great ad- ministration banking house of the per five cent Yean, First ceme a despatch, dated London, threo P. M., a8 follows:—The message of Presi- @ent Grant to the United States Senate, submitting ‘the proposed additional article to the Washington Treaty relative to the indirect claims, serves to re- Bepure the public that the differences between the two nations will be honorably settled, The pubil- ation of the message had an effect upon the mar- Ket for American securities, which ara now firmer than at the opening.’ Almost jimultaneouely with came & Washiziyici déspatch to the entect that ‘ue Sonate Foreign Relations Committee had the mupplementary treaty under eonsideration, and ‘wenld undoubtedly report it, while the further assu- vance was given, on the suthority of a distin- citizen of the District of Columbia known $m Byndicate operations, that the negotiations respecting the treaty were progressing most favor- ep, There ls A COINCIDENCE fm this agreement of sentiment.on both sides of the Atlantic so remarkably similar in ite expres- sien as to call attention to another significant cir- camatance. Mr. Boutwell purchased $3,000,000 of bonds, being $1,000,000 in excess of the amount ealied for, Among the proposals to gell submitted ‘wae an offer of $2,000,000 from this same banking house before referred to, through whose London agency the Syndicate business was managed. Now our securities undoubtedly improved in London to- @ay, but the question occurs here, Did the opera- tions of the London agency have anything to @o with stimulating that improvement and did ‘the large sale of the American house have any con- meetion therewith? It is not pertinent here to in- quire how far the action of the Chamber of Com- merce this afternoon may have had the same in- spiration, but the moral of 80 much APPARENT MANIPULATION fe a Very plain one, and Wall street would do well te heed its application. Divorce the business of the atreet as rapidly as possible from this elastic treaty and the pendulum-like negotiations con- meeted therewith, whose movement embraces two continents in their vibratory action, and be pre- pared for its final acceptance or rejection Independently of all riugs. The first effect of its abrogation might be to stil! farther enhance the price of gold and interrupt the profit of Treasury agents on the continued ne- gotiation of the five per cent loan; bat with our, Resources this need not create alarm, as, while the tide of population is set in this direction and we have new lands for emigrant settiers, we have the prospect of a steady growth in internal wealth and rosperity compared with which this English treaty ‘Dasiness sinks Into insignificance. Its endorsement now would not help the present situation; but, as ‘this is only a temporary strait, our true interesis Ue in complete indifference ag to the result. THE EFFECT ON GOLD of these various influences, mainly reforrible to the treaty reports and their effect upon the London market, was to weaken the premium, which, after opening at 11454, went off to 11354, recovering again to 114, (rom which it sudsequently reacted to 113%, vemaining steady for the greater part of the after- Moon at that figure and 113%. Later on 114 was again Yeached, but towards the close the market became easier and settled to 113% 0 113%. The effect of the Ancreased bond purchase, ag foreshowing @ possible Amerease in the gold sales to-morrow, was not visible, g@uch an anticipation not being regarded as @ntitled to much consijeration, In the loan mar- Ket early in the day loans ranged from flat for bor- rowing to 2 per cent for carrying, but after Clearing House hoar from 8 to 6 per cent was paid for carry- ‘mg. The short interest in tho market is now @ Jarge one, and the long geld is said to be in strong hands. In the decline to-day, at the close, there Was some discounting of a reduction in the Bank of Kagland rate to-morrow, which is looked for a8 part of the programme in connection with the treaty business. Besides, the advance last week largely resulted from an artificial move- ment. The engagements of specie for ship ment by to-morrow’s steamer amount to $775,000, all coin. The customs receipts to-day were $543,000. The Assistant Treasurer to-day pald out $280,000 on account of interest, and $656,000 in re- @emption of five-twenty bonds, The operations of the @oeld Exchange Bank were as follows :—Gross clear- ings, $68,449,000; gold balances, $2,028,544; onr- rency balances, $2,547,850, STOCKS WERE GENERALLY UNSETTLED thronghoat the day. Pacific Mati was still the lead- ing feature of the market, fluctuating between 8636 ‘and 86%, but selling mostly in the neighborhood of #6, Panama receded from its strong position of yesterday and went off 3% per cent, In Pacific ‘Mail thero was a difference throughout the day Tanging {rom % to % yer cont between cash apd — NEW YORK HERALD, THURSD AY, MAY 16, 1872.—TRIPLE SHKEr. regular sales, ‘The other dealings were mainly confined to Union Pacific, Erle, Rock Island, North- west c&mmon, and Cleveland, Columbus and Indiana Central, all of which were heavy, declining from 4% to 124 percent, with the rest of the list in sympathy; but at the close the market rallied and left off at a considerable improvement from the low- est point of the day. THE ELECTION IN PACIFIC MAIL. tg the principal point of interest tn this stock, and ag the transfer books close op Monday the contest | to obtain the stock to vote upon ts very close. The following text of the law recentiy passed at Albany concerning the reduction of the capital stock throws some new light upon the subject matter in- volved in this struggie:— An act relating to the Pacitle Mail Steamship Company, authorizing the reduction of its capital stock and prescribing the qualifcation of directors. Tho people of the State of New York, represented in Senate and Assembly, do enact as follows:— Section 1.—The Paciiic Mail Steamship Company is hereby authorized to reduce its capital stock to $10,000,000, upon first obtaining the written consent of stockholders owning two-thirds of sald capital stock; and to thatend may buy in, cancel and ex- tinguish its shares so far as the same can be pur- chased at D iter! not exceeding the par value thereof; and the shares so purchased shal) be re- tired and extinguished in reduction of the capital stock of the company and shall not he issued again. Sue. 2—Any citizen of the United States who is a stockholder of the company in his own right shall be quaiified, when dnly elected, to act as a director of said company. — Buta majority of the directors shall be citizen of the United States, 6x0, 3.—This act shall take effect immediately, ‘This ie certainly one of those crude enactments, either ignorantiy or ingeniously framed, for which our State Legislatures and even Congress are now #ofamous. On the face of it 1t would seem at first impossible to secure the authority necessary to consummate the proposed reduction, and, secondly, in the meantime to give the officers of the company, in the exercise of their - discretion, fall authority to use the company’s money for the purpose of speculating in the stock, and, if two-thirds of the stockholders agree, of putting a very heavy bonus in the difference in the price at which they may buy stock ané par into their own pockets. This waa certainly, how- ever, not THE INTENT OF THE GOVERNOR when ho signed the bill, and would..be scarcely honest. If in-earnest in their purpose to learn the Wishes of the stockholders in this important mat- ter, and desirous of acting in good faith towards them, the only way for directors to act Is to pre- Pare a ticket to be voted on at the coming election simultaneously with the vote for new directors, or at some future special election if there be not time to instruct proxies similar to the foillowing:— In favor of areduction of the capital stock of this company to.......... + - $10,000,000 Against areduetion of the capital stock Of this company t0.........+ vee» 10,000,000 If decided in the affirmative the directors should then advertise to receive proposals froma time to time, as the state of their funds and the character of the market would warrant, for the purchase of stock after the manner of Secretary Boutwell’s purchase of bonds, give due notice of such disposi- tion to purchase and publication of the amount ac- cepted. This would meet all the requirements of fair dealing and be creditable to the managers of this company. Less than this would make the operation another Erie scandal and certainly for- feit all claims of the company to any favor in the way of subsidy at the hands of the American People, \ ANOTHER POINT in respeét to this law and the approaching election is Suggested by the last clause of this act, which, it will be seen, ts carefully worded to permit’ citizens not residents of this country being directors, and by inference, in the last sentence of the same scc- tion, a minority of foreigners. Theso are impor- tant points, the latter especially calling for the at- tention of Congress before It acts upon th com- mendation inado in the House to-day by’ tie Vpostal } Committee to increase the subsidy to $1,000,000. HIGHEST AND LOWEST PRICES, The following were the highest and lowest prices of stocks during the day:— New York Central........+5 91% New York Central scrip. 92 Erte.... 683; Lake Shore. 13s) Wabash..,.., 684 Northwesterh.. me 4 Northwestern preferred. 93: Teland.... 101, Milwaukee and St. Paul. 60 Ohio and Mississippi... 47 Boston,.Hartford and Eri 10} New Jersey Central. 10034 Union _Pa BB 119! He Fa #4 a Tens, A dinerican Merchant's nion E: UK United States Express.. Wis GOVERNMENTS WERE STEADY and quiet, being uninfluenced by Mr. Boutwell’s large purchase, although these operations, if con- tinued, must have the effect of materially reducing the supply. With the interruption of the forward movement to London this is not apparent now. The offerings at the Sub-Treasury amounted to $6,044,850, at prices ranging from 113.10 to 113.8734. Tho $38,000,000 bought ranged from 113.10 to 113,84. Prices at the close were as fol- do. do., 1881, registered, 1163 a 1165; do. do., cou- pon, 118% a 118%{; do. five-twenties, registered, May and November, 113% @113}4; do., 1862, coupon, Go., 118% & 11334; do. do., 1964, do, do., 11334 811354; do. do, 1865, do. do, 18% a 4%; do. do., 1867, registered, January and July, 11534 & 116%; do. do., coupon, do. do., 1865, 115% 115%; do. do., 1867, do., do., 116% & 11634; do. do., 1868, 40, do., 11634 a 11634; do. fives of 1881, funded, registered, 111% a@ 112; do. do. coupon, 111% @ 112; do. ten-forties, registered, 110% a 11034; do, do. coupon, 11134 a 1114. SOUTHERN SECURITIES WERE QUILT and steady, closing at the following prices :—Ten- nessee, €X coupon, 703¢ & 71; do., new, 7034 8 71; Virginia, ex coupon, 47 @ 60; do., regular stock, old, 40 a 60; do. sixes, consolidated bonds, 55 a 56; do. sixes, deferred scrip, 17!4 a 174; Georgia sixes, 75a 80; do. sevens, 89 a 92; North Carolina, ex coupon, 36 a 37; do., funding, 1866, 24 a 26; do. do., 1968, 20 a 22; d0., new, 2014 a 21; do., special tax, 14a 16: Missourl sixes, 96 a 0614; do. Hannibal and St. Jo- seph, 93% 4 94; Louisiana sixes, 59a 65; do., new, 66 a 00; do. levee Bixes, 65870; do. do. eights, 78 & 82; do. do. eights, 1875, 83 87; do. Penitentiary sevens, 60470; do. railroad eights, 70 a 80; Ala. * bama fives, 62265; do. eights, 85 490; do. eights, Montgomery and Eufaula Ratiroad, 85 a 90; South Carolina sixes, 45 53; do., new, January and July, 83 & 8344 ; do. do., April and October, 81 a 32; Arkan- sas sixes, fanded, 56 a 60, RAILWAY MORTGAGES, The following were the bids for railway more gages at the regular call to-day New York Cen 6's, 1883. 9196 Han & Naples Ietm.... 68 New York Cen 6's, ro.. 8 Gt West 2d m, 1893. 8814 New York Cen 6's, sub... 88 Gal & Chic exten 104 Chi, RT & Pacific 03 New York Cen 7's, 1876.10 Erie 7's, 2d m, "79. 100 Mor & Essex ist m. Erie Ist m, ext Mor & Essex 2d tn, Clev & Tol sink fd...... New Jer Cent, Ist m, n.104 FW & Chic Ist mi tis, F W & Chic 34 m.101 lov & Pit . Clev & Pi lov & Pi nie & Al hie & Al lito & Mi Ohio & M ‘Ohio & M AL Pac RR 7s, gt Central Pac ¢: Union Pact on CODY... TNE MONEY MARKET worked freely to-day at 6 to 6 per cent on govern- ments and 6 to7 per cent on stocks, closing up with increased ease. Commercial paper was steady at 7 to 93 for prime. The bonds purchased by the Secretary to-day are to be paid for in two- thirds national bank notes and one-third legal tenders, This will strengthen the bank renerven maferially if the gold old to-morrow i not paid for in nbacks. oF FORRIGN EXCHANOR is nominalty ateady at the rates previously quoted— 100% for bankers’ sixty day sterling, and 110% for short sight, but prime bills are offered at \; conces- sion from these figures. BOUTWELL’8 RESORTS. The following are the Treasury balances at the close of business to-day:—Currency, $12,000,000; coin, $103,500,000, of which $26,760,000 are coin cer- tifeates. The internal revenue receipts to-day were $300,000, THE AUB-TREASURY REPORT, The following was the day’s buetness at the Bub- Treasury:—Gold receipts, $676,255 63; gold pay- ments, $1,661,825 64; gold balance, $61,753,055 51; currency receipts, $616,716 94; currency payments, $371,001 65; currency balance, $6,448,786 95; $1,251,000 cancelled gold certificates sent to Wash- ington. COMPARATIVE RAILWAY EARNDNOS. The March business of the Union Pacific road is reported this day as follows :— March, 1872. Maren, 1871. Earnings He $565,861 $499,899 Expenses, 966,608 276,483 Net earnings............++.- $109,192 $2415 For the first three months the figures compare as follows :— January) to January 1 to March 31, 1872, March 31, WU, Farnings .. ; 873,013 $1,883 Expenses... « 1,188,764 908,505 Net earnings..... $448,001 SALES AT THE NEW YORK STOOK EXCHANGE, Wednesday, May 15—10115 A.M. | + $235,148 $10000 US 6's, *81, r. 11654 $5900 US. 5-20, ¢, "65, n.. 118% 1000 US 5:20, c, "i 11343 115000 US 6-20, ¢, °62..26 1168 20000 do. _ 1333 5000 do. 16. 3000 US 8-20, ¢, 64... 17433 1000 US 520, i 10000 do. vee 8 2000 US 6's, cur. (ese yee ae 2100 Obio & Miss RR. wo 0; do. B76 » 3; cy Firat Board—10130 A. M. + TDG WshsNYC&UR.be + Tee Sys OS BP OSs Th 400 do... 10 LB & MS 1000 Tenn 6, old. a cae 1600) enn 1 BN do. it lo 2 10.» “300 SOBs, 5% 400 da 100 8375 8) de i £0 do. 94 BONY OAT 94° 100 Erle RI. 9794 BH do. 11000 do. 98 do. 1000 Harlem ist mi)... 10014 600 do 19000 Mich Bou 2a ml... 978} 600 do... 10.0 Cen Pa RR gd bs. 102% 200 do... 9272 6 do. 2000 En Pac Ist m \. . i 8g 20 Michigan Con R 91) 1WLSAMSRR 89° 25 2 1023¢ 100 ri] 500 pf 200 10 B00 96 400 Big 100 ve 6% 100 oe BO 500, ediv.. 63g 100 9000 Nash & Deo 7?s.tak 200 m,gtdby L&NR 99 500 2 ana ik Un Pa ot America. 14 14 Continental Bank.. 95 West Un Te! b lows:—United States currency sixes, 116% a 1164; a 300 See ‘3 = sgagageepensnesnaee Sages ESEeSEEsSs sozde 3 eaceans SeSSe' = 864 1300 861g 80 B65, 100 1700 se 900 se a 863, 100 83g 500 834 100 1090, 87° 200 86% 500 8734 300 & # 609 Tol, 6 1s 950000 UB 6's, "81, 1.,.«8 11635 $1000 uw do... 200 4500 U8 6's, '8i, 1 12:30 P. M.—Before Call. 874 1000 Chic & NW RR 2 m0 Go... Reet SESS i ReRee, preaggengase ESSSESSSESESEEESE 1300 100 700 1100 : 09% 200 200 69% 900 ©, 974 200 | aes 97 BD 800 Mil 4 St P BR, Wg 1000 | Second Board—1 P. M, SH0008CHsnJadJy. iy C1 ie Cn 10000 Brie Ist m..-0 0. Iu 1000 Tol & Wist mild 600 shs West Un Tel.bo 100 do. ot Ma. a 100 do. > EM Wells Fargo Ex. “200 0. 900 Un Pac RR. 19 do. Segeeeaaesy, Bugetasgssasessoass2ze3 SEISSS2 BSR: By if 400 , on Py = S23 SSSS5S=' SESBERESGSSSSESE = Ei $23..235% ‘SsZeas ‘Wapsuapay, May 16—6 P, M. Corvns.—The market continued strony, bat without ex, bibiting much aotivity. We hear of snigp of 4000 baggy Rio, ex Virginia Dare; 200 bags de.,ex South America, and 3,000 bagydo., ex Vamoydot at Balimore, allen prt vate terma. We quote :— ini ca pric, W73gerk WAG gah ray d riine, 173g. 4 Y7AQe., gold, iu bond maxty Tora ig3gej Laguayin Ie nor Be We, ; Java, Be. a 2e., gold, duty paid. Corto dn the spot was moderately active for consnmp- oy ig Faye Fo golive: ree ie folr § ly firmer, closing quiet at the outati prices. The sales foot up as iclows: tt Mt Me oulatde To Duy. Last Boenng. Total. Consumption .......... sgh rg ee Specniation....."": 0 10 43 88 low widdiing) the males har ine alter three o'cloc! nonotieo titk20th; 100 40) at 23 1-t6e. 5 Juty, S-16¢., 150 at Wie; No" t 1930.5 December, o0 al 19, up to three B, M.—May. ne, 200 at Bye 1,900 at 5 200 at 2 5. ’ 5 i 1 i duly, 600 atte. ; August,’ $00 at 300 at 21 15-160, ; Getober, 19 bales. year, 7,243. 8 on cotton to foreig: hal as tollows:—To Liverpool, 8-164. To Havre, by steam, % Ke, . burg, by steam, 344... con To. Bremen, by steam, %e., gold, compressed: sail, 3) ‘0 Baltle ports, by safl, 7c. ale., gold, To Mediterranean ports, by steam, fc, We quote — Cylands, Alarama, New Orleans, Texas, 1956 19% 20 20! zg coal 224 221 Low n 2335 B Pay Midduing. Fe ws By Goad middiing:: 249, 255 43 ty i <The quotations are based on cotton sinning in quality hot more than bait # grade above or below the grade anoted. Fiour awn Grarn.—Recelpts—Flonr, 8,644 bbls. ; when 27,373 bushels; corn, 88, corn meal, 1,462 bbls. 2b bags; onte, 83,936 Bushels; barley, ¢80'do. ‘The markt ruled steady, though the deinand was moderate, The sales wero about 6050 bbls, 200 of which were rr ‘outhern. Corn teal continued quiet but drm for all descriptions. We quote :— No. 2 State $5 0 a $6 95 Superfine, 6150-7 3 Extra State. 78a 80 Choice Btate. » BWa BI Superfine Westerit. OT a 725 | xtra Western » THMa BW) Extra Minnesot » 8008 075 Round hoop 0} Tia 82 Boa 9H 10 0a 11 + Bia 900 +» 9a 1000 »WMal® [1 6a 13 0 5008 575 | b7a 675 Southern superfine 6850 72 Southern ext . BWa ilo Southern family... [ML 0a 13 Corn meal, Wesiern.... 30a ; vi] Corn meal, Jersey. 86a 375 Corn meal, Brandy: 400f. 0, db. ave 4006 o. db. 86a 38 9 SOF, o. b. ove =" at was dull and unsettled and lower, closing nomi, nal at $1 71 @ $1 74 tor Chicago, $1 a $l 78 for No.2 Milwaukee, $1 79 a $1 82 tor No. 1 do., $2 06 a $2 10 for red. winter, $2.10 a $2.13 for amber. Tho sales were only about $7,000 bushels, at $1 73 for Chic afloat, $1 71 for do, in sWre, $1 74.4 BI 75 for No. 2 Milwaukee Instore nnd afloat, and $2 10 for amber Pennsylvat on the Biss Corn was easier and active at the di j sales i MN) bushels at 7c. a 76c. for mixed, cloring at 7Sc. a 7c. ; Ze. #77¢. for common to cholo old atlont, He white, 7ic. for mixed June delivery. Oat ere lower, and in fuir demand at the decline; the sales were about 55,000 bushels at 600. for white Western afloat, Sic. a 68e. for Western in store and aflopt, and 5%, for mixed State afloat. Barley remained dnil; sales 5,000 bushels C: at $i 05. aye was quiet and 03, but buyers were Faercats.—Berth room, eithe: tracted but little attention. 5 changes to note in. rates. for the petroleum ti but for other purpc engagements were :—To els grain, 444d. a 6d.; 180 bb win, ts. Gd. 5 200° al lard, éd, To Bristol, by sail, 30,000 bushels grain at | 6d. a Sigd. The charters compris A British bark, 2,200 CCEA Sh to Cork for orders, ds, 6d., or 3d. off If di- ect; @ British bark, 1,80 q ‘ters grain, same voyage rate; a Norwe 200 quarters grain, same bush weglan bar voyage and r a Norwe bark, 8,000 quarters rain, same ‘age, at Os, long ‘lay days; an ftaian bark, 833" fona, hence to Gibraltar, for orders, to the Mediterranean, full cargo of refined petro- Jenm, 4s, 6d, for bb if toa Spanish port Ss. and 27 6d." and 27c,, oF it fo Odessa, Gs rh ; direct Continental p it Petroleum, ‘or about 48.; @ Norwegian'bark, hence. to the Baltic, 2,600 bbls. do., at 45. 6d, ; a Norwegian bark, 2,40) bbls. do,, kame Voynge and rato; a Dutch brig, hence’ to the Baltid, 1,100 bbls, refined petroleum, at 4s. td, or 6s. 3d., according to port; British bark, from Philadelphia, toa Continental port, 3,800,Dbls. refined petroleum, on private terms, MOLAsses.—The Market continued quict, and transac tions unimportant in either torciyn or domestic. Prices ‘wore not quotably changed, We quote — Old Crop. Cuba—Centrifugal and-mixed.... 19c. a we. Clayed.ecccce 2 He Muicovado, refinin Muscovado, grocery Porto Rico... English Island: New Orleans. Navat Storrs.—Thi je tinned moderately active and again flrmoy, Sales 100 New York bbls. at 6le110 bbls., in lots, at 60c. a 6le., tI ket closing firm at that pric Rosin was {1 ashade firmer. We hear of sales of 700 bola. strained at 8S 70, 200 bbls. At $5 a $6, 624 bbls. good No. 1 at $5 5 and 4) bbls. pale at $6. Tar remained quiet. 63 bbls. of ‘Washington sold in lots at $3 60. Pernoueoa.—On Change to-day the market for refined continued firm under a fair demand ; sales were reported, of 6,00) bbls, part uyer’s and setier's option, last hulf of May, at 2c.” Crude in bulk was quiet but tein at Iie. a Lc. Case ofl was about steady, although nomin e quote, 28%. a 29}4c, Naphiha was still higher and scarce ; sales Were reported of a cargo of 1,500 bbls. at lic. At the ued quict and ‘not materially ofations The Philadelphia mar Brees nomipally unchanged. Ke. for May. Sales were rumore 1s, from last halt of May un 234 ¢C.., les last evening of 1,600 bbls, Inst hult of June, at Ie. Provistons.—Reccipts—Pork, 63 bb! Orop. 2 New une 6, at phtha, tor cut meats, 1,042 packages; lard, 952 bbls. and ‘tierces and 3 Tho market for méss pork was dull and 15 quoted at $13 75 a $18 8), cash; $13.5) fe 393 a$ldforJuly. In jobbing lots abou! $13 75, Bacon was quiet; quoted at 74°. for long clear and 8c. for short clear, Dressed hogs were again firmer, selling firmly at 53¢c, a 6c. for the range. Beet remained alet, within the former range of prices. We quote :— Hose, 8-0 SIT; extra do, $100 $12" rinie mona tierce $15 a $18, 3, $18 a $20. Beef hams were in: $27. Cut meats un- noked hams, 1c. shoulders, be. a 63ge. ; plekled bellies, Ze. a 8c, for xed; do. hams, 83Z¢, @ 10c. ; do. shoulders, bc. a snited shoulders, Sige. a 5% rd—The mar- 'estern continued quist, but firm. There were e., but cellerstiemanded a shade better ales 109 tlerces at 9 7-N6c..; 100 tierces Kettle, 1 Ohie. 00 tierces, , With sales of and nd quie' uote : a Bier di oy ket tor We Siow bids of ie. vaAR.—The market for raw was quiet but al We hear of sales of 40 hhds. Demarara at 10%c. rime refining at, 984c., 100 hlids, at ic. mb hhds. at auction at 76. 0 6¢0. Refined was on! erate demand, but steady atprevions figm Cuba—Inforior to common refining, 73¢c. ‘ood {alr refining, B%40. fair to g rine to chol 'y, He. a I OMe. ; molasses, Nh : Havana—B 4, Be. a %e.5 fair to choice gro- i—Dnich standard, Nos. 8 to 12, a $e. Java—Dutch standard, Nos, 10 to 12, 9c. a Yi¢e. Maulla—Superior and extea superior, ic. a bic. Srkanixe was quiet but firm at 97%4c. a fc. Tattow was in good demand and firm at the recent im- provement, Sales 115,000 the. of cit; Wuiskry.—Recei bbls. tor, With eales of 170 Dols. in lots at We., ch DOMESTIO MARKETS. New Orcxans, May 15, 1872. Cotton active and higher; middiings, 24c, Net re- ceipts, 206 bales; pross, 298. Expor—To Hamburg, 260; to Genoa, 1,851, Sales, 6,000. Stock, 69,041. Savanna, Cotton firm; fair demand ; offerings light; 24¢. Net receipts, 129 bales. Sales, 75. Stock, 17,008. lone, May 15, 1872, Cotton firm; middlings, 223gc. Net receipts, 9 bales. sais Toon Block Te 7m te = Cotton firm ; middlings, vales. Sales, 200, Stock, UIaVILLR, May 15, 1 Lor votive; sales 101 hhds. ; lays, Ba $12, Osweeo, N.Y, Flour active and nnchanged ; sal t was 34¢. het- ing fie May 15, 1872. Tanldinge Cnarrrstox, May 15, 1872, pee. adie, Net recelpts, 123 Tobace to good May 8 3.800 bits, No.1 spring, $10 for amber winter, $10 75 for white winter, 1 18, 1872, at $9 for gu for double extra, Wheat steady; rales 2,400 bushels 0. 1 Milwaukee club at $1 9), threé cars do. at $1 8244. Corn dull; sates 5,100 bushels in lots at 65c. for Tlinols, 66c, ge. for high mixed, 67c. a Ge. for yellow. Barley quiet. Rye dull: sales 800 bushels Western at %c, Corn meal—$1_ 60 for bolted, $1 5) for unbolted per cwt. Mill feed unc! shorts, $23 9 $24; shipstuffs, 2 Inlddlings, $25 4 $25 pet ton sc. | Canal frelghte Wheat i0e., corn 9. "to New York? 3%) to the Hudson. Receipts—8400 bushels wheat, 2,600 bushels rye, 703,900 feet of lumber, hip~ ments—3,800 bushels whent, 8,400 bushels rye, 441,000 feet of lumber, ¥., May 15, 1872. anal fretghts, | lumber Borrao, N. shipments, 16,000 bushels corn. y orn to New York. Lake imports bushi? els wheat, 347,000 do. corn, 2,025 bbls. flour. Flour stead: and quiet, Wheat easier;’ sales of 7,00) bushels No, 2 Mil. Prankee club at $165. Corn heavy: 10.09) bushels sold In lots at 67c., 87%e. and S8e. Oats dull; sales of small lots atd7c. Rye and barley neglected. Hoeds quiets sales of 20 bushels Umothy at $275, Uighwines nominal, Pork Gull at $1325. $19 9), Lard dull ar dye. Cnreaco, May 15, 1872, Flour quiet and weak. Wheat firm and in fair demand; es of No. 2 spring At BL 46, xpot; $148, seller Juno HI the year, Corn steady. sales of No. 8 46%46., spot; 4734. a es seller June; rejected, @e. 9 433sc,. Oats firm and in falr domand at ©. for No, % Rye dull and lower at 8c. for No, id lower at 7}c, @ béc. for y nd igher at sBicea Soc. Pork A it $12 08, 70, eller June. Lard %, seller’ June, Bulk meats 4 oulders, 640. for clear ne, Bacon quiet oulders, T3¢c.. 8 7c. for clear orton cleny sides. Cattle dull 15, jpreights—To Butlalo, 7go. ,000 bushels wheat, 131,000 do. 0. 0. barle: do. rye, 4,00) cattle and 7,000 hogs. " Shipments—5,000 bbls. flour, 15,00 bushels wheat, 446,000 do. corn, 86,10) do. oats, 3,000 do, barley, 2,000 cattle and 4,000 h THE JERSEY OITY MURDER. Cooney Arraigned—He Pleads Not Guilty. In the Court of Oyer and Terminer, at Jersey City, yesterday, James Cooney was called upon to a in answer to tho indictment chi wan the ith ba a ‘@ $26; as to quality. ‘Highwines, | ¢ | Above Canalto Amity and west of wroadwa: DISEASE AND DIRT. neeeeeeeifiiiemeni Increase of Smallpox in - the City. Alleged Impurity of the Croton Water. : er The Streets Still with Filth. Teeming CEREBRO SPINAL MENINGITIS | TRIKING PIGURE At the regular meeting of the Board of Health, held yesterday afternoon, Commisstoner Manterra introduced a resolution ordering an inspection of ail places throughout the ety in which cows and pigs are kept. The Health Oftcer brought forward 4 resolution asking the Board to take somo action with regard to the permits granted the ships com- ing to New York from foreign ports. He explained | that owners and cousignees ef ships now utterty | disregard these permits, and in many cases the ships are brought up to the discharging place and half the cargo taken out before the permit is even received. The Health OMcer asked that two policemen be de- tated to watch the arrival of vessels without permits, and report such arrival to the Clty Sani- tary Inspector. During the discussion of the sub- ject Judgo Bosworth stated that the number of men now under the control of the Board of Police was entirely inadequate to the wants of the city. Tle said there were posts now in this city four and FIVE MILES ONG, Some people, said the President, seem to be aston- ished that any crimea could be committed tn New York; but ifthey were awaro that patrolinen had to look after ali the property at night contained within four or ive miles of this rity Wo should hear less of this ery against the police. Commissioner Barr asked if any report had yet been recelved from Professor Chandler relating to the Croton water, The sabject, he said, was a very important one, and was now assuming a new shepe, for complaints were pouring in that people were suffering from pains in the back from the Croton, and many had died tn conseqnence, port had yet been recetved from but the Board expected to hear from him every 1 ment. He was al and would | BEND WORD 10 THE BOARD | A3 BOON as poxgtble, despatch in the matter, aa the subject was a serious | one to the pe pple. Mr, Barr’s remarks upon the Croton called Dr. Smith's attention to the death rate for the past week. He showed the Beard th the statistics for the past exhibited an incre: ninety-five cases of cerebro-spinal me the week before, and an increase of ame week last year, This is a mi state of atfairs when it is remembe hat small. | pox js also steadily gaining ground. ‘Ther: mbe | no doubt that the impure condition of the Croton | water 18 the main cause of A GREAT DEAL, OF THR DISTASE now flooding the city, It isto be hoped Prote: Chandler will be able to get at the root of the evil, and the Board of Health will apply a quick remedy in the interests of the penis Commissioner Bankr introduced the following set of ordinances for regulating the sanitary conduct of the street railroad cars, and they were immediately passed by the Board and made law. This is a timely and important step, for those street cars were gen- erally conceded to be one of the most fruitful sources in the city for the spreading of contagious diseases, and Mr. Barr deserves great credit for the nner in which he has pushed the subject toa ppy termination :— ECTION 172.~-No railroad car or vehicle constructed for over the st alarming propelled by h be ‘ised will thereof, Sec, 17%—That each and every car used upon any rail- | or Uritiispor: road in tho city of New York for the carryin tation of passengers shall, oneach and e it may be used for the carrying or tra: bengera, bo caretully and thoroughly w so that allfith and dirtare removed fr car. Suc, 174.--That no straw or gy shall at any thme he used pr placed on the floor oF any rallroad ear enuaged at used in ‘the business of carrylig or transporting passengers within the city of Now York, is id 75.—No person shall at any time carry or convey in or upon any passenger railroad car, nor shall any coni- duetor or person In charge of any such railroad car, nor an ing any ‘such i veyed in or upon aueh ear, exee Blatiorn, any soled or dirty. articles dding, bunudies, in “baskets or 0, 178,—Every car used for the transportation of pas: | sengvrsin the ity of New York shall be so constructod ws | atall times to provide and secure good ventilation, and each and overy such ear shall huve placed in the roof, in addition to windows in the roof, two ventilators, one at | a distance of two fect from each ond of the car, and go arranged, with a revolving top, that when the car is in motion the currents of alr shall’ pass outward through the | ventilators, The following re streets was sent Morris. of clothing or rt on the condition of the into the Board by Dr. Morleau | It was referred to the Police Board :— The following Is @ comparative statement of contagious iseascs reported for the two weeks ending May 4and 11, 0 80 115 ith reference to the order made upon the street cleaning contractor on the 8th inst. requiring all the paved ets, avenues, lanes, cleaned during the succeeding seven days, that I'm @ personal inspection of # large proportion of said stre and avennes, and found that he bad complied the order in the Nineteenth, Twenty-tir: Eh Seventeenth, Eleventh, Thirtee Te Fourteenth, Bixth, Fourth, Third, Fifth, Sixteenth, Twentieth and Twenty-secon rd: First,Second and Fourth wards did not seem to ha well cleaned, or if they had been the dirt had so accum: cS Jated since cleaning that they need it again. In making this Inspection there were some strcets that appeared not to have bee! instance, First avenue, aa, ind to Thirty-Hih street, Was ina very. from Twenti s ‘ant the cobblestone flitly conditlo wreichedly bad’ state, full of holes; Nincteonth street, from First to Second avenne, notcloan ; Fourwenth strect, from First to avenue A, not clean, Below Houston, enst ot Howery, in the western poriton of the Reventeenth ward, tn Brodie, Delancey, Stanton and Rivington, from Bowery to Columbia street, the street surface arid gutters were found very dirty." In Alle | and Pitt street, although the cleaners had been through, the heaps of dirt still remained, not rted away: and Forsyth, Eldridze, Ludiow, Norfolk, Suftulk, Clinton, At torney, Ridge, Sheriff and Columbia streets, although they | had evidently been clenned during the period named, aro | now in only a barely tolerable condition, . and filth having been recently thrown i In the Seventh and Fourth wards tho streets, with the exeeption of Rutgers, were dirty: Water, Sonth and Pearl only tol- erably clean: all the others wore in # fair condition, large | quantities of dirt having been rei inspection. In nine of (hese sti sweepers were not carted away. In th Gold, Vandewater, Spruce, Pearl, Hague Frankfort, William, Rove, Dover, Perry, and and Seconil wards, Beckman, Cedar, Pine, Wall, Hip, Brond, Mooro and Stone streots were ned, and in many places were very bad. place three large heaps of filthy ashes lay untouched, covered with garbage and embtting the most noxious odors. West of Broadway, from Battery up, showed that clean. tthe inevita parent as r 4 hoisome stench. Gi wich, Washington and West streets wore far from being clean; the cross streets, Rector, Carlisle, Albany, were | lean, while Cedar, Linerty, Cortlandt, Fuiton, Mirray, Warren, Reade, ne, Harrison, Laight, V brossesaind Wi ¢ hardly tolerable; De clay, Greenwich from Barclay to Murray, North Moore, Hubert, Beach Gepalring ‘tn wich, Jay to’ Canal, wero all Ina yery filt k slip, the First | y ator . Hudson, Greenwich, Washington, Prince, Charlton and’ Sulllty were found cleans while Spring Greone and Mer RY ry arty ‘and Vandam, Varick, Macdougal, Thompson, | Wood Houston, Bleecker aud ‘Amity were only tolera: clean. jouth Fifth avenue is unpaved and presents the quint- essence of bad. Above Bleecker street and west of Sixth avenue they were generally in falr condition West Tenth, West Twelfth, Horatio, avenue, Bighth avenne, Seve Seventeen a a Twenty-ninth, | Thirtieth,’ Thi Thirty-0Nh ohly tolerable, and hth to wi Greonwieh, Ninth 7 ich, Nint ne, West Fifteenth, venth, Wwenty-edgiith second: west of Ninth Ninth avenue; y-seventh, 'Thirty-elghth, — Thircy-nint ‘avenue; 'Fortieth, , West of Fitty-third, west of Ninth avenue, pave- and dirty; Fifty-fourth and Fifty-Anth The cleaners were seen in Fo ppears tI moment in x) much cleaner condition, com- ion lyin; mers. especially west of the onda, South of Canal, west of Broadway, east of Broad the streets poereny, are majority, dirty, Apparently the business oj the day so interfe: ae, thé work of street ©: leaning tat | it is only imperfectly dot the dif- ficulties encountered in slowly driving throw spection tour. These streeta cannot be cleane vem Js changed anc Iniieed ail areet cleaning. shout be ALM. instead of, t present, sweeping Pe ey She prong he ay coreg he ty rr thing with ol , noxfons, unwholesoine yases of the reeking, Althy gutters under the noses of the passing people. were very di street. us the present, paratively, than that por avenue, and where dirt at the fey fo. dit- me This ts clearly seen tn the dit: well unless | 16 present street clean- wilful murder of Robert Gallagher, i papas street. In answer to the usual ques on he pleaded not guilty. When asked at what time he Would be for trial he muttered something and looked around in confusion, Norman Ro’ fe forward and stated to the Court that he ose i rm Sone of he epg that he ready at an: . trial then set down for next Thupedan. “pea be ions under Ing contract ort at a oars has ing evidencon tanto itm ined Bed sha | ‘te tho, people Mell!” compel taf convine. resented ir sanitary awakeving amon; Much eodad iinprovemen mn esty drdingnces reowlrins all stores aud plages of bn | be devoted to crupinal business, | iy | pavement Judge | might be called and nonsuited, Bosworth informed the Commissioner that no re- | 818, 819, 620; Jacob's L. 'rofessor Chandler, | title Trial.” The de | bied to bring down the record to the assizes, which work, had obtained some resuits | it was the | ent system is the same in effect. Commissioner Barr urged | sary | Visions of tho | del i | + posed, which was fly avementis in & | Thirty-xixth, Ninth avenue, above Thirty-fourth to Ferty: | | execution in a suit against Thomas Powers, | alleged that the transfer 5 RE Eg ness to he swept ont late In the afternoon, atter closing business, and making ita misdemeanor to do otherwie after nine P. M., should be passed at once, and then a new system of cleauing the streets and thoroughly removing the dirt therefrom before nine A. M., he work to be done three tinea week in-all oso portions of the eity Lying south of Fourteenth street, und at least twice @ wee Above Fourteenth street to Sixtieth street, would place p the city int sich a glesnl condition that it not only become the pride, buf would go far. to re- the mortality moto the health of its citizens, Au proos of the latter we Lave only to compare the cen- tral portions of the city above Fourteenth street, between Second and Eighth avennes, with those outside of these limits, both with re; aniiness and their salubrity. No better comparison need be presented Filth, ‘dirt and their gases of decomposition are nymous with i and death, whiie nit and pure alr re her allusion really almost impassn 4 health, happiness iserablé and in some streets Aition of the old cobblestone Je in this connection, and as such xt Thirty third, Third avenge to river; First ave Thi sixth to Fourteenth street; Second avenue, Forty-second to Kighteenth street: Rivington, Baxter, Contre, Pearl, West, Greenwieh and Wavhingtdn, the lust two in utter disgrace to any civi- lized city, Many others might be mentioned, but these are the worst. These faulty pavements, as remarked In rt, Inde the possibility of cleanliness ally Invite unsanitary conditions, aud woul nears a demoratizing effect upon the tiamediate n. may b THE COURTS. Co et) SS UNITED STATES COMMISSIONERS’ COURT. Caldwell, the Bank Defaulter, Bethea, Before Cominisstoner Shields, Richard Caldwell, who has been two years ip Ludlow Street Jail, awaiting trial on an indictment charging him with complicity in the drawback frauds, was yesterday admitted to ball in $10;000 before Commissioner Shields, SUPREME COURT—CHAMBERS. Important to Members of the Legal Profession. Before Judge Brady, Winchell v4, Martin.—In this case, the partica- lars of which have been published, Judge Brady has delivered the following opinion, which will be Particularly interesting to tho members of the bar:—Our statute nuthorizing a motion for Judg- ment as in case of nonsult for laches for not pro- ceeding with the action is founded upon the statute 14, Geo. 2 ¢. 17, which was passed in conse- quence of the delay and expense attending the trial by proviso, which was the only mode in which # defendant could dispose of the issues where the plaintiff neglected to proceed. It was so called from @ clause iz the venire factas or distringas, which had in it the words “proviso guod.,” &o., that is provided that if two writs of venire were issued to the sheriff, one from the plaintitf and one from the defendant, he should execute one of them only and return the other. The course of procedure to secure it seems to have been to procure from the Master in the King’s Bench, or from the secondaries in the Common Pleas, @ rulc for a trial by proviso, after which the venére issued and a trial mieht be had; but the defendant was to give to the plaintify the like notice which the latter would have to give him, and ifthe plaintiff then did not proceed to trial he 2 Fidd’s Pr,, PP: w Diary, vol. 2, Proviso ib! ndant by this formula was ena- lainti’s duty to do in the first tnstanco and to relleve himself of the litigation, Our pres- It is not neces- ake any application to the Court or any of its oMecers, but the defendant has the right to no- ve the cause for trial and take judgment of dis- mixsal If the plainti’ fail to appear when called. In actions where thero 1s but one defend- ant this is now the only mode. The Code, sec, 3, 274, and cases cited in notes Vo le, 1870, relate only to cases where there are 5 ‘al defendants, and the provisions of the Revised Stavutes on the subject are abrogated by the Code and the abolition of the 27ch rule of this Co which was In use prior to adoption of the new rules in December, 1870, That rule authorized an application by a single defend- ant, but was abolished for the reason that the de- Jant had the rigit to proceed to trial by notice therefor, and should resort to that remedy if he wished to put an end to the hpchder ie ie A For the reasons assigned this motion must be denied, but without cosis. Decisions. Holloway ya. Stephens.—Settled. Amith vs. Bagly.—Motion granted. See opinion COURT OF GENERAL SESSIONS. Lareeny In a Boarding House—The Thiet Sent to Sing Sing for Five Years. Before Recorder Hackett, ‘The business of the Court yesterday consisted in disposing of a few ordinary cases of grand larceny? Frank L. Schryver wis tried and convicted of grand larceny in stesiing clothing, valned at $42, on the 25th of April, the property of James W. Lord. The accused o¢cupled a room in a boarding house on Abingdon square, while the compisinant and a friend occupied an adjoining apartment. Shortly after the clothing was missed a detective telegraphed to the Superintendent of Police at Troy 10 urrest Schryver, and it apeerted that before the New York omMcer had reached Troy the stolew property waa returned by express, addressed to r, Lora’s roommate. The prisoner was seen by the landlady to leave the house on the day the clothing was “missed with a large bundle, When he went on the stand he attempted to ex- plain that by saying it was his washing which he was in the habit of bringing to Trey. ‘The jury rendered a verdict of guilty, and By mn Assistant District Attorney Fellows informing the Court that there was a suspended judgment hanging over the prisoner for forgery, the highest penalty was im- years in the State Prison. A Young Till-Tapper Caught. Thomas Stack was convicted of stealing $49 in money and a check for $19 on the 3d inst. from the drawer of Charles Ahler's’ grocery store, 473 Third avenue.” He was caught in the act of running out, of the store, and when searched the money and check was found in his possession. Although the evidence of his guilt was clear the young thief had the andacity to go upon the stand and swear that a boy gave the money and check to him. Being only fourteen yeare of age the Recorder sent him to the House of Refage, A Trio of Youthfal Burgiars. John Duffy, a boy twelve years of age, pleaded guilty to burglariously entering the premises of Edward Stendtner, 639 East Sixteenth street, on the 12th of April, and stealing a pair of scales and fourteen rolls of cotton batting. He was sent to the House of Refage. Michael Canningham and Michacl Demparey, who were jointly indicted with Duity, were acquitted, John F. Muncks, who, on the 19th of April, stole $750 from Louis’ Dejonge, pleaded guilty to an attempt at grand jarceny, He was remanded for sentence. COURT CALENDAR—THIS DAY. fos, 348, 274, 33%, 3 899, 250, 811, 375. oh BROOKLYN COURTS. aD. el ae ee CITY COURT—TRIAL TERM—PART 1. Charge of Conspiring to Rob a Boy. Before Judge Neilson, Daniel MeCrane, a boy of sixteen years, brings snlt by guardian against William H. Harvey, keeper of a public house at the corner of Poplar and Hicks streets, and lawyer Jolin Lomas, to recover $193, out of which amount he alleges he was defrauded by the defendants. Daniel was employed by arvey, and saya he waa induced by Lomas to draw the money from the Dime Savings Bank. He claims that Lomas frightened him into signing the check by saying that he would get into ironbie if he did not, ‘The money was taken by Lomas and by him given to the defendant Harvey. On the part of the defence it 1s claimed thas the boy confeased he had been embezzling money from Mr. Harvey at different times, and that by way ot restitution he paid the amount for which this ault is brought. COMMIRSION OF APPEAL B51, 300, 39034, 302, 293, 3 The Sheriff Sacd. John D, Powers va. Anthony Walter, Sheriff,--The plaintiff claimed $1,000, the value of the stock and fixtures of @.saloon alleged to have been illegally seized by the Sherif. The Shertf said John D. Powers ty, Which was seized on an did not own the property, 1.wen from Thomas to John D. Powers was fraudulent. The jury, however, gavo plaintut $1,000, Wenterly of the'sixth | inthavenue, | an excavation at @ new building on Division ave- and of Chambers, | nne, being erceted by Charles Jordan, Sr., and nt. | feet from the sidewalk, CITY COURT—TAIAL TERM—PART 2. Damages for Injurtes. Before Judge McCue, On the 18th of January last Henry Noite fell inte still, nth | Cartes Jordan, Jt. Yesterday he sued the Jordans to recover $2,000 for the injuries received. The Jordans swore that whatever excavation there war waswi thin the line of thelr lot and five and @ half If the plaintif fell at aN he fell into a trench for an Iron fence, and that fall was the resuit of his own negligence, The jury gave plain’ verdict of $100, COUNTY CoUAT. The Basiness of Jane. Judge Moore has announced that the civil calem, dar will be taken up the first Monday in June, and that the first week will be entirely devoted fo the =~ oalance’ of the teria wil trial of civit cawnes,