The New York Herald Newspaper, May 23, 1872, Page 5

FINANCIAL AND COMMERCIAL. GOLD 114. Tateresting Exhibit of the British Board of Trade, Showing the Balance of Trade Between Great Britain and the United States. HEAVY DECLINE IN OUR EXPORTS. ‘Why We Are Shipping Specie and Why ‘We Must Continue to Ship It, with Some Estimate of the Cur- rent Week’s Business in That Respect. $1,300,000 Coin Engaged for Ship- ment May 23. The Liberal Candidate for the Presidency Learning Finance from the Herald Money Article. Value of Our Imports of Rail- road and Pig Iron. Governments Strong, Southern Seourities Firm and Dull, Railway Mortgages Steady and Quiet, Money Easy and Foreign Exchange Unchanged. STOCKS OFF. WALL STREET, WEDNESDAY, May 22—6 B, M. On Change to-day there was a better demand for wheat, although bidders still fall short of the prices asked by holders. Spring was firmer, the market closing strong, with a fairinquiry for export. Flour ‘Was unsettled, with a fair demand, spring showing 8 disposition to yield, while winter was held firmly, Cotton was quiet and steady. Goup 114. The gold market was firm to-day and advanced to 114, both upon the large shipments this morning, amounting to over $1,000,000, of which $850,000 was eoin, and in consequence of heavier engagements to-morrow, amounting to $1,300,000, as well as reports of further heavy engagements for steamers later in the week. The shipments to-morrow are Mostly on German account, while that of to-day was principally through an English house. The earlier prices of the day were 118% a 113%; but the later understanding, as above, caused the advance, the market leaving off 113% @ 114, The carrying rate was two to four per cent, with some few loans flat. One of the administration Senators took occasion this afternoon to make Objection to the tariff amendment permitting the Payment. of one-third of the customs duties in greenbacks, on the ground that it was unconstitu- ftlonal. He probably meant unprofitable, but then It would be absurd to expect that correct philo- logical knowledge in a frontier Senator which might be expected in a matter of this kind from a seaboard representative. There is nothing in the constitution of the United States to prohibit the payment of customs duties in rags if Congress is willing to permit it. The HERALD explained the other day, however, how this amendment was op- posed to a guarantee made more than once by joint resolution of the Senate and House of Representatives, whereby the customs duties of the country, receivable in coin, are pledged to the creditors of the government for the payment of the interest on the public debt and the redemption of one per cent of the principal. It was also shown here how this proposed amendment would violate such guarantee; hence its rejection by the Senate ‘was already discounted in Wall street, and the Ohio Benators’s championship of what is simply right ‘was without influence to-day. The customs receipts to-day were $450,000, The Assistant Treasurer paid ont to-day $84,000 gold on account of five-twenties redeemed, making the total to date, $50,345,000, and $556,000 on account of interest on the public debt. The operations of the Gold Exchange Bank were as follows:—Gold balances, $1,283,086; currency bal- ances, $1,463,891; gross clearances, $29,580,000, WHY GOLD 18 GOING UP. This is a question which has been frequently asked by very many people who fall short of an ap- preciation of the rules which govern trade ex- changes. The HERALD of Monday contained a sufl- clent explanation; but for those who reject Amert- can statistics as the basis of calculation, late mail g@dvices furnish the following corroborative testi- mony in this behalf:— THE BRITISH BOARD OF TRADE RETURNS for the quarter ending March 81show some startling facts, which sustain the figures already published here in regard to our foreign commerce. According to these returns Great Britain imported £2,819,868 sterling from America less in the first quarter of 1872 than in the same period of 1871, while the ex- ports from Great Britain to the United States in the same time show an increase of £2,854,879 sterling. ‘This shows a loss in trade to America within the period mentioned of £5,674,737 sterling. No better illustration could be given of the state of our foreign trade. In further explanation of the falling offin our balance of trade, to which attention has been already called here, the following state- ment in pounds sterling of our tmports of cotton and breadstuffs into Great Britain for the four months ending April 80 is instructive :— 1872, Decrease, ++£18,683,637 £18,660,743 £5,023, : 1,814,830 1,203,216 1,111,114 769,550 187,218 682,332 In this connection we have the additional facts that the exports from Great Britain to this coun- ‘try for the four monéhs ending April 30 show an increase of £3,863,915 sterling, as against the corre- sponding period of last year, while the imports into Great Britain from America show a decrease of 26,766,740 sterling, making a total of £10,000,000 against America; while the bullion movement shows the imports into Great Britain from America for the four months ending April 80 to have been as follows :— £3,499,863 1,815,800 Decrease....... ov eee 2,184,154 ‘These facts snfMiciently explain the position as- serted in this column in respect to the gold move- ment. If the trade returns of other countries were as accessible or as comprehensive as those of Great Britain further facts might be learned illustrating the same disposition of our foreign exchanges, While a clear understanding could thus be reached of our actual foreign obligations. Associated with the above exhibit 1t would be well to bear in mind, also, that the Bank of England rate of discount {s stl held firmly at five par cent, and that the drain of specie to the Continent {s just now very heavy, The following comparative statement of bullion in both departments of the Bank of England on the | 2! undermentioned dates explains thus :— January 31, 1871. 8, 1873., Decrease, ... os + £8,531,000 Again, there has been a heavy loss in the reserve of notes and coin, as will appear in the Sollowing comparative table ;— January 91, 1871. May 8, 1873, Decrease....... se eee BA,595,000 ~ Making pp this subject in augiuer form, the fol- £24,020,000 » 20,789,000 £14,514,000 120,000, lowing curious association of ideas in connection with a matter of grave concern to our people will pe found in the article here yesterday and the letter of acceptance cf the liberal candidate for the Presi- dency :— FACTS, “Comparative exports of rails from Great Britain to the United States, compiled from official returns published by authority of the House of Commons, for the month ending Apri! 30, in tons: 87,016 1872. 82,456 sees 60,588 Comparative exports, &¢., for the four months ending April 30:— 1870. + 117,805 1872... 2.6 see eee es 180,193 1871... 421 + 185, Comparative exports of pig iron from Great Britain to the United States for the week ending April 30, in tons:— + 6,622 1872. + 19,080 Comparative exports of pig tron, &c., for the four months ending April 30:— 1870, 28,287 1872... 1871. . 54,449 ‘These figures furnisi an explanation of the kind of payment that has been made for very many of our railroad bonds placed in Europe during the past couple of years, especially of new roads, POINTING THE MORAL. The public lands must be sacredly reserved for occnpation and acquisition by cultivators, and not recklessly squandered on the projectors of railroads, for which our people have no present need, and the sevens 61,483 remature coustruction of which is annually plung- ing us into deeper and deeper abysses of foreign indebtedness, The following “supplementary” figures afford more light upon this matter:— Export of railroad iron from Great Britain to the United States for the four months ending April 30, £678,539 GOVERNMENTS WERE FIRM to-day, the Sub-Treasury drawing out offerings amounting to $6,210,700 at prices ranging from 113.68 to 113, The Secretary confined his purchase to $2,000,000, the advertised amount, which he ob- tained at 113.45 and below it. The market con- tinued strong, however, and left off as follows:— United States currency sixes, 116% @ 116%; do. do., 1881, registered, 116% a 117; do. do., coupon, 118% a 119; do. five-twenties, registered, May and Novem- ber, 1185 a 11354; do. do., 1862, coupon, do., 113%; a 113%; do, do,, 1864, do. do., 118% a 118%; do. do., 1865, do. do., 11434 a 11434; do. do., 1867, registered, January and July, 115% a 116; do. do., 1865, coupon, do., 115% 2116; do, do., 1867, do. do., 116% a 116% 5 do. do., 1868, do, do., 116% a 1164; do, fives of 1881, funded, registered, 11234 a 11254; do. do., coupon, 112% a 1125; do, ten-forties, registered, 1107 a 111, do, do,, coupon, 111% a 11174. SOUTHERN SECURITTES continue firm, with Tennessees strong and still the leading feature. Prices closed as follows:—Ten- nssee, eX coupon, 73 a 7334; do., new, 73 @ 73345 Virginia, ex coupon, 48 a 60; do., registered stock, ola, 40 a 60; do. sixes, consolidated bonds, 50% a 5744; do., sixes, deferred scrip, 17 a 17343 Georgia sixes, 77 @ 80; do. sevens, 87890; North Carolina, ex coupon, 85 a 387; do. funding, 1866, 24 a 26; do, do, 1868, 21 @ 22; do., new, 20 a 213 do. special tax, 13% a 15343 Missouri sixes, 96 a 9644; do., Hannibal and St. Joseph, 9344 a 04; Louisiana sixes, 60 a 63; do., new, 65 a 60; do, levee sixes, 68 a 70; do, do. eights, 0a 83; do. do. eights, 1875, 83487; do. Penitentiary sevens, 60 a 70; do, railroad eights, 70 a 80; Alabama fives, 62 a 65; do. eights, 88 a 90; do. eights, Mont- gomery and Eufaula Railroad, 8 a 90; South Caro- lina sixes, 50 a 53; do., new, January and July, 3634 a 86%; do. do., April and October, 3334 a 37; Arkan- sas sixes, funded, 55 a 59. RAILWAY MORTGAGES are without special interest. The following were the bids on the regular call to-day :— New York Cen 6’, S i New York Cen 6s, I Clev “ New Jer Cent, Ist m, n.104! New Jersey Cent, %e Chie ist mn1033 Alb & Sus 2d bds. Pitte, F W Mich Cen Ist m §% Alt Ist m 105 Chic. Bur £Q,8 c ich S07 pC ess Clev, Painesv'le & Ayn. Clev;Painegviled A,old. Detroit, M& Tol bds.... ffalo'& Eri Union Pac ine 10" Pei Belleville &8 Til Ist, 8's. York en 6's... Alt & TH Istm... - ost, Hart & Eric ist m. 84 Alt & T H 2d m, pref. Bos, Bar} 4 Erle gtd... 51% Alt & T H 2d m, inc. Cedar F & Minn lst m., 85 STOCKS HEAVY, ‘The stock market presented very little of interest. Pacific Mail and Eric were the leading features—the former, now that the transfers have been made, being pressed for sale, while all sorts of stories of possible injunctions obtained circulation, and the latter offering a profit upon sales here, to be coy- ered by purchases in London, where a decline oc- curred this morning. The general character of the market was bearish, without excitement, and prices closed at very nearly the lowest point of the day, The following were the highest and lowest prices of stocks during the day:— Highest. Lowest. N.Y. Central ..... vee 9894 98 N. Y. Central scrip.. 03% 93% Harlem. 27 126% Erie........ 713% 7014 if sees 7634 toss Northwestern preferre 04: 4 Rock Island........ 11% 11K Milwaukee and St. Paul. 59. 8 Milwaukee and St, Paul pre 19% ihre Ohio and Mississippl... 483, 4 Boston, Hartford and Erte. ny Union Pacitic........ Ea 4084 Col., Chicago and Ind. Central 4235 Hannibal and St. Joseph. 43% Panama, . 120 Western 11% Pacific Mail. 85% uicksilver. 39 juicksilver preferred. 48% a85g Adams Express........0.+ « 98% 98 American Merchants Union Exp. 170% 7934 United States Express.......... Me 83} THE MONEY MARKET worked all the way from 4 to 7 per cent to-day on call, showing a little spasm of activity this after- noon, when the highest figure was reached. Among the government houses the ruling rate was 5 to 6 per cent, while loans were placed as low as 4 per cent, In the discount market gilt-edged paper is negotiable at 7 to 8 per cent. FOREIGN EXCHANGE era keep their rates marked ‘up to 100% for bankers’ sixty-day sterling, and 105f for short sight, while first class bills are selling 3s below these rates, THE SUB-TREASURER’S REPORT, The following was the business at the Sub-Treas- ury to-day :— Gold receipts. Gold payments Gold balance. Currency receipts. .. Currency oo Currency balance.. $818,300 cancelled gold certifica ington. SALES AT THE NEW YORK STOCK EXCHANGE Wednesday, May 22—10:15 A. M. }- $1000 US 5.20, ©, + 11644 $6000 US 5's, 10-40, r... 110% 1600 US 5-20, 1, 115% 10000 US 5°s,'10-40,'0.... M155 10 A. M.—Before Call. 80) she LS &MS RR.bS 964 $00 Un Pac Rit........6 4 tes sent to Wash- 600 sha West U Tel... 100 . b 10 cr. ‘ Ww ios, ft & Erie. 400 dO. ge won di fee 1500 Ohio & Mls an do. im) 10) oo | | continues nominally unchanged, and Itading draw- | | In transit. First Board—10:30 A. M. $20000 Tenn 6's, old. 200 shs U S Ex Co. 100 do. 10000 Tenn 6's, ne’ 5000 NC fund act,’ 1000 ©, P-& A, old. 1000 C, P_& “eas Bg ito 2g ol a) 1000 Con Py 0 103) 1000 U Pae 7's, 1g bds. 81 aur) Bie 1000 U Pac 10's, ine... 1000 Alt & T Haute ine 1000 T&Wistin Std. bs. 2000 Tol & Wah 2a 6000 Gt West ls m,’88, 2000 Gt West 2d m 500 Pitts, POW. 4000 C, © 8000 C'& RI & 87 BIA ‘800 Wietesonss 100 Harlem RR 100 LS &MS do. 8000 ETen.VakGalstm 500 CANW ef b.small 98 10 shs Am Ex Bank 100 Penn Coal Co... 100 Cum Coal & Iron. 200 West Un Te a WO don bd 100 Quick M'Go pref. 100 do. 100 Canton Go. 78 100 Adams Ex Go. , 100 Wells-Fargo Ex... 95 16 do... 8834 e “be 78 400 Pao M 8: Bi, 5 Pitts FEW AC. gtd 98 1000 Big 200 Del, Lack & WIR. 10734 200 413 600 do... 1074 1000 848) 180 do. $09 BIN, 200 do. pf Big 200 do. . 07 600 8 Chic & Ait Ri Mf 100 848 NJSouthern RR, 80% 1500 8142 100 Han & StJo RR,... 434 2000 815; 59 Mar & Cin Ist p 26 Bit do, S410 Alb & Sui p00 Oho & Mi 800 0. “sd 48 wo ( Pee _ 56 Ohio & Miss RR é SESE SEE 2S 2258255 ©. curr 20000 US 5's,10-40, 10000 200 1300 Un Pac RR. on 800L 8 & MSRR Fs) 19 % 200 43. 200 . ag 400 41 600 ~ 41% 800 ~ 3 700 ag 200 ~ Sccond Board—1 P. M. $10000 N © 6's, old is to Be shs Erie RR. | $3,000 bushels, at 730, a 74c. for mixed, closing at 73e. a te Buperiine State... 67a 735 Extra State 7 hoe 5 OO Choice State. BOOa B75 Superfine Wester Oi5a 72 Ex! ra Western. . 7TMa 8 is a raneneta, * 50a found hoop Ohio, shipping brands 175 Round hoop Ohio; trade brands. 8 5 Family...........) . on . bw Bt. Louls low ext. » St. Louis straigh 90a WOO St. Louis chotee d . Wa St. Louis choice family... Rye flour. . : Southern Ni ] B76a 675 | Southern supertine 685 | Southern extra, 80 | Southern family 1% Corn meal, Western... 365 Corn meal Jerse: 4 3.65 Corn meal,” Brady wine » 400 | Baltimore... ; 2 ec | Calorie. . 305 | 16 Df. od. | duit. Spring was firm and | lower, Th 3 were about | afloat; $ in store, for Ne quiet. te, the market w born was steady and in moderate demand; sales aTH<c, for yellow Western.’ Included in the sales are 50,000 bushels sold last evening, at Tle. for prime mixed and ble, for damaged do. Oats were firmer an better demand. The sales aggregate about $6,000 at S7e. a S73sc, for Wentern, in stores S8e. a He. fk Chicago, to arrive ; 67e. m store for black, track for mixed State. Barley remained quiet; were reported of 4,500 bushels Canada at $1 10. Ry heavy. We learn’ of sales of 28,000 bushels Western at 98e., In store. Fieranrs, inquiry for berth room continued The moderate, and rates tended strongly There was & good demand for v in owners’ fa f charter, par: ticular! is for grain an also for the nav nit those closed were at full rates, The engage To Liverpool, by. sitil, 15,000 bushels gor at fd., 7. peas at Bid. ‘Vo London, by ali, 7,500 bushels in bags, at Gd. To Bristol, by siea ‘in at Od. a Gled. 5 1,000 boxes cheese, tierces lard and ‘100 | hds taliow ' at ne charters comprise :— | A North German bark, ders to the United Kin. gom, & . Od. 2) 00 quarters erain; a British’ bark, ahd a Brit's bel. 1,00 quarters 1 Nl same v: to ‘brieste, 2 e and rate; an itailan briy, hence is rosin, ®c. for 2.0 ths; a Norwecion bar! ence to Bist nore lor orders, 2.470 bbls. refined petrote Os. OF, A die rect, ?d. off; a Swedish brig, hence to Ex 1,100 bbls, refined pe roleam, 43. 7hod.; a Norweelin. hence to to the Balt 50 .reined petvo'eum, nish brig, 1,0¢0 bls do., same voyage and rate ja an brig, 211 tons, to Hamburg, general eargo, on private terms! Two or three other ve-sels for petroleum were p nding, but not clo ed ata late hour, MOLASHES have no new feature to note, the market remaining quiet and wed. There were the usual small sales of both foreign and domestic, but nothing of importance transpired, We quote :-— Old Crop. He. a 206. a BB a 0c, sa Be. O.. Sa 400, English Islands. a— New Orleans., WT, Be. a Ae, NAVAL Brones.—The market for spi tinued active and was decided! iy fen 96 Dbls., in small lots, at Ge. a sales of 167 bbls, at 6: vi ‘ G5e. ; 200 bbls. at Ge. a 633¢c., and 170 bbls., to arrive, at 680. a 633ge., and 50 bbls. do. at 62e. Rosin remained quiet, but not essentially ghangyd Bales 231 bbis, strained a ‘50 a $3 60, 8i7 bbls. No. Lat $4 50, 75 bbl 1 at 25, and 208 bbls, pale at $5 ‘Tar remained dull and entirely nominal at old figures, City pitch continued in active and nominal at $8 75. tfor nennea in Prtroicum.—On ‘Change to-day the marke was dull, but remained without noticeab Prices: qhoted at lsc for balance of bulk, was also dull, but firmly hel though inactive, remained firm at 29. a Z'ye. Nap! held at 160. a 16sec. was scarcely obtainable at any price; in shipping order. At the creck the market continue quiet and prices nominally unchanged. ‘The Philadelphia market remained yery flim, but in the absence of trans- actions Was entirely iominal at 2335. a 23%4c balance of month. “Later we hear of sales in 8,00 bbls. refined, suitable to vessel last half of Juni odie, and 200 ‘bbls. do. buyers last half of Ju h ‘test, for prompt deliv nde, in Case oi}, al- es 2 and 1,30 bbIs, of bigi Ipts—Pork, 66 bbls: eut ments, 1:12 bis. and ‘terces and 227 kegs. The Jor anes pork’ continued quiet, b steady, but with a drooping tend 250 bis. for June 2501 $14 25. The A 13.75; 250 bbls. for do. at August at $14 20, and 2) bbls. for d wal $13 20; at about 280 bbls. Bacon was qui clear, Sige. a8 Dres Jobbing trade was small, agarexal at $13 OO for mess and Sil for extra mess. , Dut steady; quoted at 7%. f for do. sliort clear and diy again 8a rime mess, tlore cet hans ‘contin quoted at $24a $28, Jobbing trade from stores, realiz ng full price —Smoked hams 10c.' a Ize; do. shouiders, or oon, Ulerces, unebanged ; 2 Usa $20 ior Indi na fair d quiet, but non Cut meats—The ere has be © Ge. a 1 pickled hams, $e. ige.; do. shoulders, ise. a Bic.3 GO. Ui 8, 7¢. a Be. for boxed or looks. Lard—The market for Western rem 1. and prices were easte e whart at ' . or i We have only to note sales of 100 tiere>s on 95-16°., 260 ieroes for June nt 9 5-16c ite lard for June at dso. and 260 tierces tor Ciy lard was lower, but in moderate demani tierces At Sic. ‘Suaan.—The market to-day hasbeen moderately active for refining grades, and prices were strong, but without xhibiting any decided change, The sales foot up 1,356 ule, 120 boxes and 432 bags, ali retIning grades, and at | METHODIST GENERAL moved that the Conteren —— The Episcopal Agony Over—The Eight Bishops All Chosen—The Condition of the Chureh— German Methodiste—Sketches of tho Bishops Elect. The agony ts over. The Conference has com- Pleted its clection of eight additional bishops, and the M. D.’s will have to take very great care of the D. D.’s for the next four years or else the under. takers will have a good deal of work to attend to in the ecclesiastical burial of disappointed episcopal candidates, There were a good y lone faces if not weeping eyes in the Conference yesterday when the final result was announced and the Chereh was set at rest. The interest of the pubtic in the pro ceedings was not so intense as on the py day, nevertheless the body of the Academy on the first gallery were crowded and a fow persons had perched themselves in the upper gallery, T devotions were led by Re Wood, of So east Indiana, after which the Journal was reed ax approved. Immediately thereafter FR, Bonner three additional bishops. Carried, Then came A SEASON OF MIRTH AND MOURNING, Rev. Moses Hill thanked the seventy who had im- mortalized themselves by voting for him yesterday (Tuesday), and especially the forty who voted for him the second time, but cireumstances were such that he could not possibly accept the position, (Roars of laughter.) Mr. Hill also withdrew the name of Alexander Martin from the canvass, Mr, Phelps withdrew the name of Dr. J.P. Newman and Dr. C. H. Fowler—one of the men whom Dr. Curry thinks will “Keep” for a few years longer— with a smiling face and cheerful y wiieh was commendable under the ctreumstances, withdrew his own name, and remarked that “all was serene.” | Dr. B. F. Crary did not want to resist the popular current, which was moving another way, and as he liked always to stand with the majority he also de- clined. Dr. ©. D. Foss, seeing that the New York Conference was so ably represented in the Board of Bishops by Dr. R. 8. Foster, withdrew Ms own | gyn Pund for Age name, Dr. Foss is one of the men who will “keep,” he being not yet forty years of ag The rules Were suspended, an he report of the committee on the state of the Chureh was taken | up. Dr, Martin moved to amend by striking out the clause which requires the leaders to report. to the quarterly conferences numbers and condition of their classes, and prohibits there being more than twenty persons in one class, Dr, ‘Trimble agreed with this motion, and thought that class meetings should not be made a test of church mem- bership. A long debate followed, in whieh Drs, King, Wheatley, Pierce, Queal, Curry, Osbor Riger were engaged. At length Dr. B. 1. ives moved a suspension of all other business until the tellers could report ona matter of grave import. ace to some of them. (Laughter.) TWO BISHOPS, The tellers’ report was then presented as fol- lows :—Whole number of votes cast, 454; necessary toa choice, 203. Of these Drs. Andrews ré- ceived 286 and Gilbert Haven 209, ys her upon declared duly elected bishops of the Methodist Episcopal Church. Drs. Jesse T. Peck recelved also 198 votes—a very good lft; Drs. J. M. Wald 100; B. O, Haven, 127; T. M. Eddy, 9333. M. Reta, & E. Cobleigh, 28; the rest scattered. Another ballot was then ordered for an additional bishop, where- upon Dr, Eddy magnanimously withdrow. When the vote had been taken and the tellers had retired the Conference resumed business, and Rey, J. A. Klein moved to strike out of the report under discussion the words “quarterly conference” and insert the words, “leaders and stew is? meeting,” 80 that the section should require leaders to make their reports in joint mecting. After some discussion Dr, Cv Mr. Klein’s amendment oa the table, ONE MORE BISHOP. The tellers again returned with a report as fol- lows :—Whole number of votes cast, 401; necessary to a choice, 201, Dr. Jesse T. Peck received 205, and was, therefore, declared elected to the episcopal office. The other candidates voted for on the ballot were Drs. Walden, who received 159 yotes; E. Qy Haven, who had 32, and J. M. Reid, 8, ‘The time of session was extended. There was 80 much confusion on the floor of Conference that no business could be transacted, Bishop Janes, who was presiding, in a serto-comic manner called upon RRY moved to lay Carried. to proceed. hundred pounds, in most plaintive tones appealed to the Bishop for protection. the house could stand, and a general roar of iaugh- NORR.... 1 5000 ‘ prices withMh ine range of the appended quotations, Re- #00 Missouri Os Owe Leet a ae MAY “in moderate. demands quoted at 10000 Tol AW iin StL. 3 200 He. for A und 12¢c- for hards. We quote A’ wba: 1000 ¢ 1000 ferior to common refining, 7c. a 84c.; fair to good fault do 00 refining, 8c. @ 8%.; good te prime, 9c. a 9ge.; fair 1000 200 rocery, 9'4c. A Y%c.; prime to choice grocery, 5000 200 i centeffugal, hihids, and boxes, See, a 10%4 1000 100 ma 8, hhids. and boxes, 744c. a8ige.; melado, 4ige. a 20 sh: 100 63400. HL Mi) —Boxes, Duggh sandard, Nos. 709, bye a 800 We 100 8%e. do. 10 401 Nee a 9, do. 18 to 15, 9%. a Wise. ; ai 100 dc. 16 to 18, 10%. a 1i3ge. ;do., 19 to 20, 1%§c. ‘a 12q0. a0 do. do, nite Aas: a ‘ ‘ ae ea On, to prime Ce M refining, ke. a e.; fair to cholee grocery, 9'4c. a 1c. hogaiek 2 do: Bravil~Duieh standard, Nos, $to. 12, Tye, a Vie. dav 200 do. 900 do. Dutch standard, Nos. 10 to 12, 9¥e.'a dc. Manila—Su- 100 Am M UnEx Co. 100 Harlem perior and extra’ superior, 7\c. a Bic. 130 Adams ExCo 10 do. Kick.—The market to-day has been less active, but 100 U8 Express Co. prices continued firm. We of sales of 85 tibre 200 do. | Carolina at Bisc. a M'ge., 100 bags Patna at 7g. a 100P: and 850 bags Rangoon at 6c. a 734 1000 Sreanine remained quict and without reported sales. 1100 oh Quotations nominally the sami 600 ‘6 Panama RR. steady, with sales in lots of about iy 100 N'J South RR; 20 for coinmon, and 99-1. a 9%e, for i 10 10) Un Pao iit Waittkey.—Recelpts, 418 hls. The market wns easier 100 200 do. be Quiet sales 100 bbis., part at 8c. and part in small 200 600 do. Ms, lots at 0c. 70 10 do. i reper 600 827, 500 do. DOMESTIC MARKETS, 200, 823 00 ANWRIE. HE 75% geass iy Si} Meo Chien icine herbs 1s} 2 whickRIRR.bC.b3 11s Cotton. quiet; good ordinary, 204 Ea Be 00 Del, Lack & W RR, Wr |b Exports coastwise, 615 bales. 0 3 ImMMe SEP Kies ie bt NOREERS Ne New Orveans, May 22, 1872 1 82% MOTO, W&WREbe 7525 | Cotton frm; middlings, 25c, Net rece pis? out bales; Hi S32 100 Ohio & Miss..be.s8 47% | gross, 720 bales. Sales, 2,200 Bales. Stock, 78,42 bales, as a0 do hy Monmum, May 22, 1872, 500 82” 1200 Cotton firm ; middlings, 22sec. a ‘et receipts, 37 100 i & Imc.Cc | bales. Sales, 700 bales.” Btock, 14,85 bates 1WNYC& 98% 100 Crarueston, May 22, 1872. 500 ct 8 200 Cotton firm; middlings, 224c. Net receipts, 131 bales. y fo. fa 1600 4 | Sales, 200 bales. Stock, 11,605 bales do. | vi Lovrsvinnr, Mi er ent 55 900 les, 177 Whds. ; lags, $790 a $8 POIGE Geticerttss.. se oe | ymeditim to fine,’ $9.00 a $13 605 4 ID Moss vcokes 708g | $13 a $26, 0. Curcaco, May 22, 1972. CLOSIN PRICES—5:30 ; Flour calet pnd aronaneeds small vee Lg, pring © 44 Fi LOCK P, M, at $6 a $85). Wheat buoyant and unsettled, ed ie 5180 O10: KP M. higher; No. 2 spring $1 53 on the spot, $1 54 seller June, Westorn Union. 70% a 77 Northwestern... 75% a 757% | X° Papring, $188. Corn in fair demarid and advance uicksilver.. an a 36 Northwest p: a Of No. 2 mixed, 48. a C. Quiekstlver i : 4743 a 48% Rock Island i 11s | June: ‘acifie Mail. BiG a Paul. i a Sly Sates he ve dull and bi NY Cen, con... 9!) a 7 4lige,; rele ye dull ani NY Censerip.. 8° a No. T'sold S6c. ‘Barley quiet and weak; S erie 71% & ‘Mies tH g | Whiskey opened dull, but closed active at ¥5}¢c. Lake Shore..... 95% a 9% B, H & Eric. | leas jnectiy i only, sales were & few lote of pork ut 4 70 as 5° * ane | $12 623 Lard unchanged and quiet. Bulk meats un- Union Pacific... 078 6 0,0 Sindd..,. 415 @ Changed, Bacon unchanged; no sales. Cate firm at o bag a ed ato A) gates Ping, ste A PN jogs in fair demand and lower a bay . Freights— COMMERCIAL REPORT. Toe Burtalo, Boye. 4 to Oswego, de. Recelpts—10N bits ae SE aaa | flour, 10,000 bushels wheat,” 145,000 bushels corn, 5,000 Cotton in Better Demand and Firmer; | Receipts at the Ports, 1,590 Bales | Wheat, Spring Firmer and Winter | Easier—Oats Firmer—Freights Firmer= Pork Firm—Spirits Turpentine Higher= | ‘Whiskey Easicr. Wepnespar, May 22—6 P.M. Corrre.—The market to-day has been quiet but prices continue strong. Sales were reported of 4,000 bags Suntos, per Brazaleon, on private terms, The current quotations are as follows :—Ordinary cargoes, lic, a 164gec.; fair do., 1634e. a 17¢.; good do., 1730. @ 18c.; prime do., 18\c. a 18%c. gold, in bond, 6 a 90 days; Maracaibo, 16e. a 173g. Laguayra, I7c. a 18¢.; St. Domingo (in bond), 18¢. a 13¢e. ; Java, 1sgc. a 19%¢0., gold, in bond. Cortox on the spot was in decidedly better demand, mainly for export and speculation. The inquiry from exporters was almost confined to the low qualities, Prices advanced }g¢. per Ib. for all grades, the market closing with considerable firmness at the improvement, For- ward deliveries were firmer under a more active demand, The sales sum up as follows :— To-Day. Last Eee'g. Total Export.. it 9 719 5 “ 20) Consumption Speculation Al ‘inber, 100 at 500 at 22 1-1 + 200" at 238%6 W Pe. $) at 19, 7 16o., 00 at Ts Salen to-day, up to thres P. Malay, 400 at 2313-160. 6M at 23%. ; June, 200 at ‘24 1-160., 4c. 1,70) at 24 Lise., Beh at 24c., 6) at SW at 241-16. In at 2%0,, 9H) at 24 L-16c,, 600 at 00 at 24 1-160. } | Tuly, 1,19) at 2440.5 August, 650 at 24340. ;’ September, 8 At woo. om) at ‘22 3-160.,” 50) pt 23 Oct 10) at 9)35c,, 100 at 29'9-18e.. 100'at 2%e., 40) at gc. ; N Der, 10) at 19 11-166,, 100 at 19 9-16e., 100 at 19%¢0.; Decem- ber, 100 at 19 8-166. xchanged—$100, paid to exchange 100 May for 100 June; 1-16e, paid to exchange 100 June for Joy August: “4 June exchanged for $0) August even. Total, 9,600 bales, Grand total, 16,39 bales Rates on colton to foreign ports closed nominal as | follows:=-To Liverpool, by steam, tal; by wail, S10d. To | Havre, by steam, Mo-, gold; sall, Xe, To Hainburg, by | steam, 3 , compressed ; Ho; Rall, To Bremen, by stean, Kc., gold, compressed ; «nif, To Baltic ports, c.'a ley gold, To Mediterranean ports, by. ste ‘The recefpts at the ports sum. up as fe 67 bales; New Orleans, 607; Mobile, 131; Wilningto mated, 100; 1,10; Norfolk, ; Baltimore, 3 151; Boston, an Total, 1,690 bales, This da ales. This day last year, 43275 bales, We guote — Saige Uplands, Alabama, New Orteans, Texas. ba a 19 19% ral 2044 Good ordinary: Low middling. Pee * Good middling y last week, 1 2544 v4 uotations are based on cotton running in quality “i than half a grade above or below the grade Flour, 6,619 bbls om meal, 2715 ley, 13,280 do.; ry r Fin at our qu sales since our last aggregate only 4 ; wheat, bbls. and t= bout witb | city, amounting to about $2,000,000, In laying down Dushels ‘oats, 5,000 bushels barley. 2.000 bushels rye, 2,000 cattle, 11,000 hogs. Shipments—5.0%) bla. flour,” 8.8 Dushels Wheat, 195,000 bushels corn, 19,000 bushels oats 6,00 bushels barley, 9,000 bushels rye, 1,600 cattle, 9,000 Hoge. . N. ¥., May 22, 187: Flour active and unchanged; salés 8,200 bbls., at $9 No. L spring, $10 for amber winter, $1075 for white winter, $11 for double extra, Wheat dull and lower; sales 1.6%) bushels white at $210, 2,600 do, amber Canada at $1 0, #40 do. No.1 Milwaukee’ club at $179. Corn in fair de: mand and lower; sales 17,500 bushels Western mixed at 63c., 1,00) do. yelllow at’ 65}4c., two cars yellow at dic. Barley and rye quiet. Corn meal, $1 60 for bolted, $1 50 for unbolted, perewt, Millfeed unchanged ; shorts, $25; shipstufts, $26; middlings, $27, per ton. hwines, 8 Canal freighti—Wheat, Ie, ; Gorn, 9¢., to . ber, $390 to the Hudson, $4 80 to New A i foe ee to Boston, 60c.; to New York, 60c.; to Al- pany, 2c. Recejpts—6,300 bushels wheat, 3.300 do. rye, 401,000 feet lumber. 'Shipments—8,400 bushels wh 20,00) do. corn, 14,300 do, peas, 526,000 feet Iumber. OsweEco, rk. Bors mports=Plour, 4.10 bb i barley, 2,000 do. Rail shipmenty—Corn, 83,000 b shipments—Oorn, 62,000 bush. Canal treights—I1 to New York ; a few loads shipped early atilise. Flour dull. Wheat inactive. Cora dull; about 20,00) bushels sold per sample, and sales of No. Zit S6c, a S74sc., in lots, Oats dul, asking ‘Be. for No. 2 Western. Rye aid barley inac- tive, and Seeds qulet at $2 75 4.$3 tor a Pork quiet at $15 25, Lake fi PAYING THE CONTRACTORS, Important Session at the Everett House | for the Settlement of Unsatisfied City | Claims. ‘The third session of the Commission appointed by an act of the recent Legislature was held last | evening at the Everett House. The Commission has been called into existence under the powers of the act, chapter 680, for the purpose of paying the claims of contractors who have done work for the sewers, pavements, &c, It was alleged by the | Comptroller that these contracts had been made without conforming to the requirements of the law, and hence he has refused to grant warrants author- izing the payment; thus the contractors have been unable to receive any money in connection with | these contract for eight months past. The commis- sion is composed of ex-Judges Sutherland and Van Vorst and Counsellor Joyce. The act provides for a clerk to the commission, and Mr, Williams, a mem- | ber of the Legislature and of the Commit- tee on Cities, serves in that capacity at the rate of ten dollars per day.” The Department of Finance 1s represented at the sessions by Deputy Comptroller Storrs, Mr. Justin Storrs and the legal adviser to the Depa: ment, Mr. Strahan, whose zeal in seeing that no fraud is committed upon the city excited a little vocalized sparring between the contractors and Nimself, which now and then was very ,amusi and very spirited, About seventy-five claims have ulready been passed upon, and as the act states that “ihe decision of the Commission shall be final and conclusive,’ this complicated question will | cipal of the seminary at Gouverneur, | the Methodist Episcopal C ter 77h through the Conferenée, Quiet having een restored, Dr. CURRY got the floor and moved as a test vote to strike out all of the third answer in the report relating to class meetings, This motion was, however, opposed, on motion the discussion of the entire subject was indefinitely postponed, and the special order was take up—namely, the RPCION OF PRATERNAL DELEGATES from the German Evangelical Association of the United States—Drs. Dubiss and Baumann. Mr. Dvsiss first spoke. While he belleved in communion with Christians of every name, he feit a spiritual afMinity toward the Methodist Episcopal Church, and he hoped the time was not far distant when the two bodies would be united, The m- gelical Association has now 80,000 members em- braced in fourteen annual Conferences, twelve of which are in the United States, one in Canada and one in and Switzerland, Two of those Con! are altogether English- speaking; several others are largely 50, and the rest are German, Their, missionary contributions amount to eighty cents per member, (Applause.) The publishing interests equal about one and a half to each member, and tiey expect reater results in the future, when, if it be the Lord's will, he hoped for union with the Methodist Eplscopal Church, whose name and fame are world- wide, and which will be as ecumenical as Christian- ity by and by—for Methodism ts Christianity in earnest. (Applause.) ‘The speaker concluded with aprayer for the continued success of Am ‘an Methodism. Mr. BAUMANN wished God-speed to the Methodist Episcopal Church throughout these lands, that the doctrines of free and full salvation may everywhere prevail. His Conference, he sald, would feel greatly honored to receive delegates irom this General Conference at its (Evangelical Association) next session, He also hoped for union. (Applause.) After some routine business was transacted the Conference adjourned. SKETCH OF THE BI Dr. Jesse T. Peck is th elect, being now in his sixty-s born in Middlefield, Otsego’ county, pril 4, 1811, and came from old Methodist stock—himself and four brothers having travelled in the Methodist ministry. Nine of their descendants also entered this ministry, most of whom are still engaged OPS ELECT, st of the bishops I therein, He received no college training, save such as his elder brother, Dr. » Who is also a delegate in Conferen He en- tered the New York Conference in 1832, and after four years’ service in the pastorate he be oe ae * 4 er four years’ labor here he left it in good condition to assume the direction of the Troy Conference Academy, at West Poultney, Vt., where he re- mained’ seven years. He then accepted the Presidency of Dickinson College, Carlise, Pas; made vacant by the death of Di Emory; but after four years’ labor in this institution he returned to the pastoral work in Washington, D. ., fortwo years. He was for proceed to ballet for | ‘This was more than | ) THE DIOCESAN CONVENTION. ——_—_>+—_——_ Second Day's ProceedingéInfirm Clere ymen, Missions, &. The Convention of the Diocese of Long Island of the Protestant Episcopal Charch, now being held at the Holy Trimity, corner of Clinton and Montague streeta, Brooklyn, was opened by Bishop Little- john, aetieted by several clergymen, yesterday morning. After the opening services the Bishop announced as 4 committee on AGRD AND INFIRM CLERGOYMEN Rey. John A. Paddock, Mr. Charles A. Townsend and Mr, John H. Bergen, Rev. Kicaare DB. Deane, D. D., from the Commit- tee on Incorporation and Admtxsion of Churches, reported In favor of the admission of the Church of the Goed Shepherd, Brockiva, Kings county, and mt. J . Itip, Sadek county, Both churches admitted, ame committee reported tn favor of parishes adopting a rm law for the government of portehes Im secordance with the amendments adopted in Teas, The subject of the Inst tng recommendation, covers 1a In the certificates of Incorporation, was Tred to the Committee on Canons, THE MINSIONARY WORK, Rev, Dr. Pannock, of the Misstonary Committee, presented @ report, from whieh tt appeared that at the Dowinning of the year there was in the Treasury & balance of $1,704 08; that the recetpts have amounted to 5,063 68, making a total income for the year of ¢7, The expenditure amounted to 84,78 leaving a balance of @077 10, The Contributions were as follows:—From twenty-three | churebes in Kings county, $9076 60; from thirteen churches In Queens county, $*75 90, and from nine | churches in Sutolk county, $1,010 29, Under the missionaries we 120 were re- celved in baptt by confirmat 2, and there | were 700 under inetrnetion in the Sabbath schools, mended associative mixeiona, vena borne by small populations caused by the existence of numerous churches of digeren 2 Lae A roars of the work of the year by the Standing Committee Was read by Dr. Drowne, Rev. Dr, Seumn om ted from the Trustees of tand Infirm Clergymen, last there Was a balance on a contributed by forty-#ix churehe: terest collected on investments, él $4,135 Tan increase of about #00 over the previous year. The payments were;—To clergy- men, $900; Invested in bond and mortenge, $1, ; Unit 1,006 ing & balance snow $18,500, Nothing waa ty parishes, easurer of t Fund for Aue and Infirm Clergymen, reported the details of the disposition of the moneys alluded to in Dr. Schenek's report, Mr. Niewon rep on behalf of the Treasurer of the Diocesan Fond for the Bishop's salary. Balance in May, 18 028 68; from Diocesan Fund, 3, f nirenes, # tal, $0,072 08. the san small balance, et d to 84,773 88, Mr. ONT a report from the standing committee on THROLOGIOAL SEMINARY, Tt closed by offering a resolution recommending that acollection be taken up in churches of the diocese in ald of the Theological Seminary, which Was adopted, Rev. Dr. DiLLen reported from the standing com- whieh stated that the mittee on the 1 y satisfactory, and reeom- Mr. Pre Trustees of the returns had been ¥ Inended that the mileageot delegates to the Conven- tion be ten cents per mil Rev. Dr. Jounson, of St. Mary's church, reported from the special Committee on the Dixconate, and WOMAN'S WORK generally in the Chureh, It set forth the by 4 of the presentation of woman's work tn the Chuare! 08 treated by the Bishop in his address, Attached to the report was the followin Regolyed, That the Convention endorses the vtews the Bishop on this subject, set torth In tbe bast a Address and heartily approves of his subsequent actlon in the premises. ‘The resolution was adopted. AVTERNOON SESSION At the afternoon session Rev, the report of the sp reference to the ap and other fonds of t Diocese of | New York. The report was subsequently presented, and the following resolution was om Resolved, That the “Commitee on the Apportionment ; ; 7 f the late Undivided J, with full power to ke such settlement of the the Episcopal fund of the late York as they shall deem best the next two years editor of the Tract Depart- | ment’s publications, and afterwards for two years ‘was pastor of Greene street church in this city. He then went to California and remained about eight years, and since his return has been connected with the New York, Troy and Central New York Coffer- ences, the last named of which he now represents. He ts well and widely kuown a3 an author, and ts one of the most vigorous preachers and writers In hurch. There is a large share of aggressiveness in his composition, and to him is mainly due the creation of a sentiment in this State against “sectarian appropriations.” He originated the Methodist State Convention two years: 550, whose protest against this practice was aia before the Legislature and was scattered all over the State; and out of this convention also he evolved the Syracuse University, an institu- tion which has th and endowments, worth now nearly a million of dollars, and which promises to lead all the educational institutions of the Church in @ few years. He is now its President, Dr. Peck has been In five General Conferences since 1844, and has a national reputation. He is a man of fine physique, large intellectual forehead and ex- cellent executive ability, suited to the oflice to which he bas been raised. ‘A RADICAL BISTIOP. “Dr.” Gilbert Haven is a Pennsylvanian, fifty-one years of age. Though dubbed Doctor and oifered the parchment he has not accepted tt, his reputa- tion be! already extensive enough without it. He is aradical of the radicals, and, unless he has greatly changed within a few years, he goes in for | the amalgamation of races and creeds to the fullest extent. He spent some years in the South during | the war as chaplain and correspondent. He en- tered the New England Conference in 1800, having been for two years previously refused admission to the Philadelphia Conference be- cause of his radicalism on the slavery question. The Methodist Church has no more vigorous writer orable and sprightly preacher than Dr. dilbert Haven, but the official church press was too con- servative to suit him, and he has founded and runs & paper In Boston, which has a very large clroula- tion, aud in which he can freely ventilate his pecu- liar Views. His radical ideas were at first belleved tobe a bar to his election to the episcopacy; but there were many who believed that such an element | was necessary to give tone and vim to the con- | ervatism of the other Bishops and Bishops elect. And by a little judicious tal aly of a few score of the undecided or indifferent ones the Doc- tor has been lifted up before the eyes of the Chureh. A brief sketch of Dr. Andrews, the other Bishop elected yeste: a issue of the HE. better cholee could not speedily be decided to the satissaction of all the partica concerned. | were than bi have been made. side, charen has houored herself | and Atlantic on) 's of this Diocese Judge Gilbert endorsed the resolution. Dr. Pappocx iaquired if the Diocese of Albany would co-operate in an arbitration in this matter, Dr, ScueNck said they did not care to have any entangling alliances, resolution was adopted. THE CHURCH CHARITY FOUNDATION. The Convention paid a visit to the new building of the Church Charity Foundation, jerkimer street, Which has just nh compl The mem- bers of the association, in 1860, square bounded by Albany avenue, A purebased the erkimer street ue, and on this they erected a d house for aged women and orphans. The inereas- ing numbers showed the necessity of erecting a new building, and the present edifice was projected, The corner stone was latd on the Lith of June and last week the building was completed, It tw four stories in height and 18 built of brick, with brown stone trimmings, It 1s 120 feet front on Herkimer street and forty fe » and has all the conventences for the purpose for which itis adapted, After the Convention liad a the bullding Bishop Littlejohn said he could not help feeling greatly Impressed with the importance of the work which had been done, and felt satiefled that all would with him congratulate the ladies upon the consummation of this noble charity. Judge Gilbert, Dr, Schenck and others aiso made appropriate remarks, THE OFFICERS in charge of the building are as folle — Chaplain—The Ri jetts Cornwell. Deaconess-in- Chit House Physicians—William Swift, M.D.; J. Wik lams Henry, M. D. Dispensary Physicians, &c.—Jerome Walker, M. D. (with associates; also a dentist and apothecary). Teacher—Mrs. Gambi And the oitic President (ex-apictoj— kirk Littlejohn, D. D., Bishop of Long Island, 170 Kemsen street. Vice President—The Rev, Jacob W. Diller, D, D., 469 Vanderbilt ave near Fulton str Secretary—Mr. Willium Matthews, Kent avenue, corner of Hewes street, Williamsburg, Treasurer—Mr. Bawin Beers, 143 Clinton avenue, corner of Myrtle. THE PRESBYTERIAN SYNOD, The Presbyterian Synod, now being held at the Presbyterian church in Dufleld street, near Myrtle avenue, Brooklyn, was opened yesterday morning by the Moderator, Rev. James Morton, Consider- ee time was occupied in praying and singing of alms. perme report of the Finance Committee, which was hee bas he table the day before, was taken up and adopted, ‘The Board of Domestic Missions reported at great length, showing that “ihe harvest was plenteous, but the laborers few,” and called upon the Church at large for more workers, &c. The report of the Executive Committee of the above board was received and read, and, havi been approved by the board, no action was deem necessary. The report of the treasurer of the same board was read and approved. The report of the special committee on the Church Property on the Philadelphia Presbytery was pre- ented. Dr. WILSON moved its acceptance and adoption. Rey. Mr. Bont objected,to the report in tts pres- ent ae and dissented from its adoption in tte resent form. i: After a lengthy debato, which was participated tn by nearly all the members, they adjourned, REV, FATHER BURKE AND CATHOLIO EDU- CATION, — ‘The well-known and popular Dominican Friar, Father Burke. delivers @ lecture this evening in St, Peter's church, Barclay street, on “Catholic Edaca- tion.” This subject is at present evoking a great deal of interest. Some are tn favor of what are called sectarian or denominational schools, while others, and ieee the larger bo are op- joard of Managers are:— Right Rev, Abram New- posed to m, and are devot advo- cates of the purely secular system, aa it now largely prevails in most of the States. This its way each year eaten finds to the halls of the Legislature, provokes the most animated debates, and retarns to the people with- out any satisfactory solution, Mf Rev. Dr. Burke can show us some safe mode of conctliating con- flicting interests and doing pe to none in his discussion of this question his lecture will be prodt- able and timely. If, however, he ts unable to do this, he may please his coreligionists for the mo- ment, but not certainly the general public, A POLICEMAN STABBED, On Tuesday night OMcer Martineau, of the Nine teenth precinct, found Henry Osmousser drunk in a | vacant lot on his beat. While conveying him to the station house the officer was stabbed in the right | $2,000 bal» arm by the prisoner, who tried to use his knife the second time with more fatal effect, In aiming for iven in arecent | the officer's abdomen the prisoner ent the skirt of the officer's coat and he was then disarmed. Jus- tice Coulter committed bim for trial, ia default ot