The New York Herald Newspaper, July 10, 1872, Page 8

The Erie Election and the Effect in Wall Street. INANGAL AND COMMERCIAL, [stn sit wx soars rept ei jy : THE RESULT QUIETLY ACCEPTED The Stock Declines About Two Per Cent, but Rallies and Becomes Steady. {THE OLOSING PRICE 66. —————— ®peculating on Horace Greeley and His Chances at Baltimore and in November. The Sage of Chappaqua Suits Both “Bulls” and “Bears.” Remarkable Relaxation in the Money Market. Explanation of the Flurry and Activity on Monday. ‘How Money is Lending on Time. Decline in Union Pacific and Advance in Routh Carolina Bonds, WALL STREET, } Tuespay, July —6 P. M, ©n Change to-day wheat was firm and flour wteady. The cotton market was weak and lower, MONEY 2 70 6 PER CENT. ‘The money market was easy and underwent a g@udden <iccline in rates, some small amounts having been loaned as low as 2 per cent in the interval it before the closing of the banks. The earlicst ens was at 5 percent, which it will be remem. ered was the rate bid at the close on Monday. ®ubsequently the market fell off to 4, then to 3, and eventually to2.a3 percent. The average and best quotation would be 83a 4 percent. In explanation of the sudden activity on Monday it is now said that a number of prominent firms who had sent in LAKE SHORE eertificates and scrip for transfer on Saturday (against the dividend and scrip coaversion) were Bnable to get new certificates in return, and had, consequently, to lie out of the money, making them Dorrowers to the extent of the market value of the locked-up stock, which reached several millions of @ollars. The delay of the company was caused by the sudden giving out of the blank certificates, ‘Dut the printer will remedy the difficulty in a day or two. Meantime tne, void made by the absence ‘@f the stock has served merely to transfer money from one place to another, and hence a retarn to @asy and even easier rates on call. MONEY ON TIME, The reaction in the money market to-day was ‘well illustrated in the terms for the use of money “on time,” the loans being made upon the usual olaterals of everyday transactions “on call” at the Stock Exchange. The following were the rates fer actual business of this character:—4!; a 6 per eent for sixty days; 53 a 6 per cent for four | months; 7a 7 gold per cent for the remainder of | the year. The lenders of the money in these trans- actions were chiefly FOREIGNERS, principally Germans, representing banking in- tereste in Europe. The abundance of capital and the low rates of in- terest in the Oid World are constantly and steadily Giverting money to the uses of this country, the danking agents here using their discretion as to the collaterals and conditions of tne lending ofit. For- merly theee agents would seldom lend on other securities than government bonds. Now they readily take the favorite stocks of the active list of the Board, advancing, however, only to within twenty per cent or so of the market value. For these reasons it is easy to understand why firet class paper is quoted 6a 7 per cent discount, that known as “commercial” ruling at 6 @ 7 percent. Foreign exchange was not so firm, and prime sterling bills were to be had freely at 100% for sixty @ayeand 110% for sight. Indeed, itis reported that sales were made of the former at 109%. GOLD DULL—113% A 118%. The gold market was dull and in the morning | 190 rm, with sales at 113%. In the afternoon gold was offered at 113% on the discovery that nearly half a gillion of specie put up for to-morrow’s steamer | 300 had been withdrawn. ‘was $500,000. ‘The specie shipment to-day orthrice during the day. The Suv-Treasury paid out $571,000 on account of interest and $41,000 on | 3 eccount of redeemed five-twenties, The course of ‘the market is shown in the table :— 2P.M In the gold joan Henin the rates ranged from 1 to 4 percent for carrying. The operations of the @oid Exchange Bank were as follows :— ad cleare id balances. @Ourrency balances . $285,605 PORTS. The aggregate amount of exports’ (exclusive of | #pecie,) from the port of New York for the week | ending July 9, 1872, was $3,965,813. 5 THE RAILROAD BONDS, The cai] of railroad bonds revealed weakness in ‘the Union Pacific firsts, which fell to 893%, but ral- { died to 9014, with an active business. The others ‘Were generaily firm, the foliowing being the bids :— Rew York Cen 6's, 'S3.. 93 Han & StJo Yow York Cen 6's, ‘57. Han & StJo, BA few York Cend's, re Del, Lack &'W't w York Cen 6's, «ub: Del, Lack & Win 2dt rhe lat m, extended Tol'& Wab Ist 1m, cx , Wie m, ‘79 Tol & W Ist m, StL div. om’ § Wie 7p. oth a, ss Tol & Wab 24 in my | bonds. b equip bd 7 A Saiaiy' 7's, Sam st ae Hh, WR 7, 80 mn, ded. 10) Ha Vem 7's Ietin Ghtcae Le Bache 1th Alb us 2d ds ¥6° Mor & Essox Ist m.... 106 * ib He Asti WRG NI Con 18 ; Ws 79 110614 Clev & Pitts 20 mn age bas... Cley & Pitts Sd m “ " div '¢ Chic & Altist m.-.°).. 192g COR rem. 10) Ohio & Mise con & f..-. 905g jute bs To. 83g Ohio & Miss 2d n o Boe go Ni ble wire y Tet im. ae St Mul 2 St Paul bat ane Mil & St Paul, Iowa d Marietta & Cin Ist mn... Chie & Mil I Pp & Wid m & W con 7's ‘alls & Min Ist m GOWERNMENTS STEADY, ‘The ernment list was steady at a little con cession 1a Prices, a8 if there was some disappoiut- ment at th ¢ continued refusal of the Treasury de. partment to" Order an additional « of bonds, The following. Were the closing quotations :—United States currenc, ” Xs, 11494 4115; do. do, 1881, re- gintered, 1153; a, 115%} do. do., coupon, 11754 A117) ; do. five-twenties, ‘esistered, May aud November, 114M & 114% ; de, do, » 1862, coupon, Mo., 114% a 14%} Ao. do., 1864, do. do., 14% @ 114% ; do} do., 1865, do. GO., 11544 @ 115%; do, ~ , 1867, registercd, Janu: and July, 1144 a 11434; dd, 40., 1865, coup en, do., 10% © 113% & 114K: do. do., Je6t, dy. do. 115 a 115%'¢ Ao. | The duiness was so great that the | Mal which records fluctuations changed only twice | ary | NEW YORK HERALD, Renee: ic oniabdl JULY 10, 1872—TRIPLE SHEET do. fives of 1881, registered, 113% a 113% 5 40. do d0., coupon, 11354 a 113%. SOUTHERN SECURITIES DULL. The Southern State bonds were dull and without essential change, except in the South Carolinas, which for the old bonds were firm and for the new strong, the July kind rising to 2834 on @ pretty spirited demand at the Second Board. Holders of these securities are beginning to believe that the nancial condition of South Carolina has reached ite ebb and must improve for the future, as @ con- sequence of the more prosperous condition of the people in their agricultural pursuits, and in view of avery probable change in the State government next year, The new Tennessees were also quite strong, and again presented the anomaly of aciling at a higher price than the old, some little local rea- son in connection with speculative sales being tho cause of THE DISPARITY. ‘The following were the quotations fot ern lst at the close of business :—Téni coupon, 7434 & 754 per. new, 75 a 153 ; coupon, 45 a 50; do., registered stock, aid, Bo, do., sixes, consolidated bond, 61 a 63; de., sixes, deferred scrip, 16a 17; Georgia, sixes, "Ba 18; do., sevens, 86 a 89; North Carolina, ex coupon, 84 a 8434} do,, to North Oarolina Railroad, 42 a 47; do., fund- ing, 196¢, 26 a 30; do, do, do., mew, 22 a 25; do., special tax, 15 a 16; Missouri sixes, 04% @ 95; do., Haunidal and St. Joseph, 91992; Louisiana sixes, 60.060; do., new, 4555; do., levee sixes, 58.960; do.'do., eights, 76 & 80; do. do. eights, 1875, 80885; Alabama fives, 60.865; do. eights, 85 a 90; Soeuth/Carolina sixes, 55 a@ 60; do., new, January and July, 28} & 203 do. do., April and October, 26.8 97; Arkansas sixes, funded, 52 a 55. STOCKS DULL AND UNSETTLED. ‘The stock market was unsettled, in sympathy with Erie, in which, considering the progress of the election to-day, Very little interest was manifested: the price of the stock being guided by the course of the London quotations, which declined enough to lower the price here frem 56% ‘to 54%. The actual result of the election was not so dissatisfactory, con- sidering the strength shown by the Atlan” tic and Great Western party, and a good deal of congratulation was indulged in asto a majority of the persons in THE NEW BOARD of directors. This result being so much better than anticipated the stook rallied to 56, especially as the soarcity of the certificates was such as to compel the “bears” to pay 1-32. 4 per cent for the use of them in making deliveries this afternoon. The general market was heavy, but closed with a steadier feeling and some improvement in prices, the changes outside of those in Erie not having th- , ee the oapieeies of HORACE GREELEY by the Baltimore Convention is variously inferred, some holding that in case of election he would with the peaceful, debt-reducing, bond-buying, easy-going financial policy of the government, while others again would look to see him make verity of his own policy of emptying the Treasury of every useless dollar, and flooding the money market with coin and greenbacks. Here be con- solation for both “bears” and “bulls.’? Just now, however, the contingencies are all so remote and the weather is so hot that the boys “GIVE IT UP” and won't try anything so conducive to cephalangia as the working out of so abstruse and intricate a problem. Indeed, with the settlement to-day of the Erle pother, and no ruction next Friday between the several Celtic factions of our adopted fellow-cit- izens, we may look for a return of the market to its summer somnolence, and @ blissful calm hence to the return of the speculative throng in September, or as soon as they can quit their touring abroad andathome. We give the Erie story in fallin an adjoining column, HIGHEST AND LOWEST PRICES, The following table shows the highest and lowest prices of the principal stocks during the day :— New York Central New York Central St. Paul Obio and Boston, Union Pacitlo ©., ©. and I. 0 Wi ‘estern, Unie Pacific Mail... In this table yesterday the lowest price for 0. ©, and I, O, should have been 844. DIVIDENDS. ‘The directors of the National Fire Insurance Com- pany have declared a semi-annual dividend of five per cent, payable on demand. SALES AT THE NEW YORK 8TOCK EXOHANGE, Tuesday, July 0—10115 A. M. $10000 US 6's, "hee r $1000 US 6° ‘7 10000 Us 5.20; 0."67, 15 700) U seb, 1040, 2. HG | 10 | 400 shs W Un Tel... y 2 | 100 Pac M 85 Co.. go. rey | 200 . Ei} 75 fe im Es 73% 100 8 di 73 ‘ef H “bs 7 ie i 736 oa : {10 6 Sonvek i ad 1% do. 97% 1 rt 97 26% 2000 & RU Rit nig Be Becca | 8 ood « Mig 200 " ny 10B, H&E oa i 109 Ohio & Miss: 457, | Ne 4 do. 453 \ 4 60) do 0 45% | 93% 1300 do. 457; BS Boch # 5 1 ite i 4 ff 8 do. meer ” wirst Boaaabigo Ae 'M. . oats “8 by apa th caalenniy + 7 $3000 V: con 10H Missouri os. 1000 do. Borneo bagging at l6c, We quote :—Native cloth, 14s 40000 Tenin 6's, old... a 4 ie sige. ; domestic do., 1dc, for prompt delivery ‘and 17¢, i we Bir 19am» "do futures. Bags, 14440. a I8c., for light to hi a) © 9588 1005 go. 2 8 9/5 Hoeate Cad cs Aa market for he hemp Temained dull Tiun Con Pac ieityid bs 102" 60000 78 nehanged. “Mantia quoted a fol Jute was Jo Py » ind steady at 44ge. 6%c., “gol ute butts were | Se ees we Sich perip : HEM | Steady, with sales of 600 bales Gizhie., and 100 Hales at So 10000 do. 4 na LD gah | time, "We also note sales of €00 bales of jute on private 0 wie jerms. $e Ge: Hed Hay anp Stnaw.—There has been a fair demand since a do : 1 “2g BRS | our last for all quantities of hay at full former prices. | “so do. 3 89% 200 Straw hasbeen only in moderate ‘spare ate ed P ve 80% 900 Me, quote “Shinping hay, $115 9 $1 20; Fetall | 10000 + BO 200 $1 40.4 81 60. Salt, 96. Clover, B0c. a | 530 i tee 5) Long rye straw, $1 10a $1 18 Sori don Woe! B0e | de : ef Im Gata, Zoe. a foe-- and whent. bc. w bse. | 000 Un P ine.. so 900 —Brewers have been purchasing rather mote 000 Tol & Wapdd tn 900, since our last; but in the aggregate transactions | Sheba stuwaeon’ 9 Tho | have been small, owing to the scarcity of prime hops | 200 6 & REP 7s 102 2 | whici are mostly sought after. Prices afe a shade firiner, | Ju NJ Southn Ist 1. 70% 600 | bur not qnotably higher. | 600 Bur. NY€Brle 1 i | he demand for hemlock sole continued nv Pac He Mo. oy 3B | fair at inelanged ‘prices. Oak was also in. good demai 2000 Long Dock 95 | and finn. We quote :—Hem Buenos A | TO PRR eCadta, 9% is | ae a 200. per it do. mid 100) Oho & Miss 24m. 83" | Bee. 6 gai forma, héay | HAn MiLaeSt Pouliot, 92 i Dee: wits; don iy ha href gor good, dat i'| DOCe OLE: ae om Tends and w lit, Be" a 280. poor damaged, all einds | 0. 91% 400 | and weights, iin the rough, feo. Oak iow chic & Alt ist m , 108 g figneger Naey 8c; 5 do., » qniad q »0 Dan & Cen Mo rH BS TAN Pek tin ep B60. 8 | S00) Norih Blo, 0 Bg, I elisos, 170. | | inn Quie! % 1 ed fel 7 abe Mii €o. d ‘ ot 100 & s iw i RR, bead eae ENE | 09 sf | fo ie 108 2) ea 3 Sew Jersey We By, 90) "Ohio Miss, eed 4533 wo to 1 0 46 200 1 455 200 8 1 i £0 400 if WwNvye Si RK he 974 100° do, b3 97 344 ; GO. eiscceeene OM 800 Mo, Mee RRG'S! ang | | 12:16 and 215 P. M. ecg hy 8 bad ¢ Kg ‘ ad AT ae O70... MSG | ian) do Cn TUN Grr Be | 1868, 24 B 26} |: been of important extent. The effect financially of prove a “bull in*a china shop,’ and make sad havoo 14130 P, % Te Saeap we Mecaneiame call. 8 4. 7's, 1 ee A000 Pac i's ins...» { 2000 io M con af BoeEPEnee COMMERCIAL REPORT. —_-—_—_ Cotton Market Irregular and Lower; Receipts at the Ports, 456 Bales— Firmer—Corn Steady — Coffee Dull—Pork Firmer—Lard Easy—Metals Dull—Freights Birmer—Spirite Tur- pentine Easier—Whiskey Higher. Tursvay, July 96P. M. Asuxs.—The market remained unchanged and quiet. ‘Pots quoted at $7 75 a $8 25. Burpino Matertiis.—The market for brick continued steady under a good demand. We quote cargoes pale $4 at $5; Jersey, $7 a $7 forth River, $7 at $975; Cro- |. ton, $12.0 $16; Philadelphia front, from yard, $400 $465. Market for lime remained dull and weak, although not utabiy changed. BE csc ee eh 2% for common and 1 75 for lum) tive, and more or less Lipo at $160 for He Rani sath wero steady and omderatg 4 jemanc ling at $226 for Eastern spruce. ‘dosene Ste marker or tp jot cotton was dull and so w settled that rane ruotaike lous can ardiy ye given. Feduetion of . Was made in quotations, i thie recessio Kale Jeu wore entirely, nominal the mu boing very Arreeula The demand was extremely lim- Yor future delivery 4 large every: was consum- ated, but at a marked decline ‘in prices of 3ge. m 3¢e. Der i ‘Tite sales foot up 8 follows — Today. aaa Consumption, = hor tulure dolivery iow’ middiing) the sales een as follows :- Aig: venin: piven three o'clor 38.7 Ostonet ignuise 00 at 20 (46 ‘ 220. 5 al 10 at dige.; December, 200 ai Exchan} Bide: 6c. pan ange ce uly, short ge sea Cad ree P. ul otal, S400 Delos, Gates today up to three Pe aly, .y 1400 at 3155 io. at. ay I at tafe 209 at Iige., fh 21 7-Ibc., 400 at iyratal aide soo at ate ig at 8.00; “Setoben, c Ar ibiace tale ist 700 at, foro.3 N No: yember, Sab at WDice 300. Aine abo ae Toe tbo ek a har December, Tod at ie, “80 at 1B%<ee, 100° at "Ivo. t 18%0. grand total fun. up 24,900 bales} Savannah. 6; York, 131. ’ Total, ‘the reget sipte at the ports Bae cNow | Orleans, pales; Mobile, Charleston, % Porto ik, 181; This Mast last week, 231. gst ‘Rates on iain Ct forelin ports cae ‘as follow! verpool, by, gam, MG. asl ae att all, a bales. Havre, by stenin, + yo itanburg, by, steunt, 32a.; compressed if Bremen, by seam, e., gold, compressed ; Baltic, ports, gall fac. 4 1c, gold. To Medi orts, by steam, 2c. We quote — : i ‘uptinds Alabama, N. Orlea Ordinar: 19g 19% 194 Good ordinary 2 2 2 Low eves 23) 285% 33 Mi be Fs] 24 Good iain 253 —Tthe quotatio: Dated on cotton running in Head not more than 9 If a grade above or below the gri quote Correz.—The market continued dull and unchanged. Messrs. William Soott & Sons Hite oe Bigok of Rig gin re, 24,062 ae sate "Beak 117,720. We quote llc —Obdlnary gi cit: Io. IBS gern pe OM se! do., 8? om 3 * prime, old, per ib., 1m bond jaracaibo, Ieizer a tao" f, agiayra, I7e. a 1si¢e. mngo bos, ie A save, :, 206. nd cre OF LOvR AND Gnain.—ece 46,340 bushels: corn, 186,90 bushels: “es bags oats, 82,839 busi els. The flour market ruled steady, w! with atair demand. The wales since our last aggregate about ,400 bbis., including hate bis. of Southern, and 425 bi: superfine rye, rices within the range of the ‘ane nexed quota! ‘den meal yes quiet and with, st not Ieeable « ‘at te. aBtal , $3 25 a $450 Superfine Siate. 5a 873 Extra Stat 1 628 6 Choice Btate 675a 70 Superfine We: Sa $78 Extra Western, 615 a 6 fo Extra Minuexo 1a $e Round hoop Ohio, shipping brands. - 6a Round hoop Ohio, trade brands . 4 wa 7 oa 9 70a 75) aigh 7750 89) Bt. ‘Louis choice ‘toubie extra. . 9008100 ute Louis choice sae - 100 a 0 50 Rye flour.. . 88a 475 Southern No, 2. 3758 5.00 8 52a 575 60a 3 wo 1 95a 0 . 83a 3 :8Ha 8 Corn meal, Brandy ms | % fo. db. Baltimore 400 fob. Caloric 865a 3385 Puncheon: 16 50 f.0.b —Wheat was firmer, but the demand was checked Les a further advance in’ the rates of freight, and the market ¢losed dull and heavy. ‘The sales were ab out 0,0 bushels at $1.82 for prime Chicago spring, $t 3334 a $154 for Milwaukee, for aiuber wintery 1 8. tor new White southerh snd 165 for white Michtga. “Corn. wag iia and in fair demand. The sales were about 130,000 bushels, at o8¢. for steamer, O0c, @ Oligc. for sail, tor Western yellow, 70e. for do. white. Southern re- maidea weminaiy Gate yrere heavy. The sales foot up about 57,000 bushels, at 40c, a 48c. for Western and 4c. for white Western on the track. Barley remained dull and entirely nominal. Rye—Saies 24,000 bushels, at trom 760, a Veatorn:in store. Canada held at Séc., in bond. —Berth room for grain continued ih fair re- quest at a further Improvement in rates. For other prod. uce about former rates were current. There was consid ereplo inquiry for voasels for charter, chtefly for the grain | and petroleuin trade, but the scarelty of tonnage and the advanced views of owners had a tenjemey to check bus ness, The engagements were =-To Liverpool, steam, 0,000 bushels grain at 84d. Boxes ¢ and Uy sath Hustiele uraid at rid a eigde To Lon jon, by. st 00) bushels grain, relet, at Od. a Med. To Gliigow, by steam, 7. bushels grain at Bia, id. ' To Odessa, "1,00 bbls. rosin | on prlvate terms. The charters include an Italian brig, H7O0quarte sgrain toa direct part, Bristol channel, a Norwogian brig, hence to Odessa, $,00) cases re: ined betrgieums doc. {am American bark, hence to Gijral: o Mediterranean, 15,30 cases refined Go, at 26c.; a Swedih bark hence. to Cork for orders to the Untied ington, 1 Ab pbie naphtha, 8s. ; a tar for, orders 0 brig, 24 ence to Alicant, full cargo tobacco, 45s.; ‘an American brig from Baltimore to Mar. seilles, full. cargo ‘of Maryland tobacco, bri, 260 fons to the windward, at of about 7c. per a bark, | #82'toue (iow at Baltiynore), from Baltimore to Marseilles, | tobaez0, 3s. full cargo of Marylani Gunsies.—The market generally remained quiet and ut decided change in prices. Sales were reported ) rolls of domestic cloth at Ie., and 8) bales of i Merdus.—The market was Fenerally dull, with nothing of importance reported in elther copper, ‘tin or spelter; prices were ged. Iron was also t. We note Sales of 90) ti jnton and 100 tons Carnbroe, both on | private term Morassys.—The market still continued dull. There was very, little inquiry for any description, and prices were norinal, We quote == Ord evap. New Crop. Cuba—Centrifagal and mix nd. $96. 2c. a Be. Olayed geass aie. & 8c. # 320) Muscevado, 3 Be. Muscorado, grocer; Me Porto iio, thers Wo, | English Idands 0c. New Orleans Abe. 400. Navat, Stones —Thie market for sprite turpentine: was firm at the apeni y closed easier, Tho if e4t, pubwaquen sales have peen 150 bbls, at 48360. and AW) do, closing with seller at 480, Rosin was stead der 000 bbls, strained nso 10, de: moderate demand. Saies i. | Hered, 84) bbe to, at $9 1, 8) bbls, good strained is lots at $3 20, 160 83 and ‘8 bbls. pai | #076 Fab temnabred quiet and iehated Bicerrice! O11. —The generw! inarket jet and without aceutial chao, excepting f crude Whaler wnteh iat rather in the yu fers vane Anseod sold fron: erugherw hands at tc. Iwcaskd, Wo quote:—Crude whale, oc, Tee xe pacural winige d and bleached do. 82c. ; menhaden, ee ry Perno.uvw.—the market for refnod was quiet and un- | shana quoted at Zaige. for spotor remainder uf montiny | crude tn bulk was nouifal at, about, io. aud in shipping gFdor at 1o}ce."Caay oll year Goll and undtinngens held at | Yom 27 go. 27%, Naphth jet with a light Rracar but, [in She absence of transaations, wax nominal Huoled at | Hed At the Creek the prarket was quict but a aha better's quoted ates con both roads, the Ph ert, $1 AU; iatural | Fi Hid ie je cotton seed, 500, @ Sales in Hy 3 =o the year, at 0.808 Ait Por 70 bb as at Cs i rr fit ue rhc Pa ani He marie forstenni and go, for Kettles 30 te tlerces, buyers’ at e 8 Jury to October I, at Dien Ghiy" lard faba at quiet, and ie ances easicr, but generally it was \- fast pannuah weak. e sales have been al 800 of ‘re e rades 815-160. fy ite ag fron, Bie ieee aie tole:—Cuba-Refluing, “inferior "to fair fair, aan —The market for raw continued ri 6 YOXOB, a ania aa ee of LDbgC ‘orto Rico—Refin} ng, co comm: a Dec. se olce, a Renae ies ae sient ie 498 Carolina was niet and casey arate Garona . af Hee Patna at 7%0. sate oe ae eed maa i geet tinal lots ‘which realized: oes thay nominal, at about 10c. for tlerces and }. Yor Meinscoen arkat 4 the past Lk Seyhuaes teen cui, put peice are mandy eae $07 ga at bo lew Yo = cent wiih ealee Stab hae. at ay «FB case yan ses bp, Wi consin at 80.20 ba fontucky was in good demand, Tayzow Was au Sct bur steady. Sales 89,000 Ibs. at 9140. a Wi .—Recelp' bbls, The market Sot cern Beige Oe, Me, aril mM gee prices. Sales 160 bbls. Sas doh ‘which was lo. better, DOMESTIO MARKETS, x, Jay 9,2 Cotton nominal; good Cargotel eabNsee Talon Onpmans, ary 9, 1872, otton nominal middtings Me, 2 Ke: Net receipts, 43 pales; gross, 40, Sales, 178.” tock, 17 Monjix, July 9, 1872. nominal; middlings, 2740: Net recelpte, Savanna, July 9, 1873. Spinrad ines 233g0. ' Net recelpts, Cotton entire! Shales. Stock, Coifon Fothing 61 bales. Stock, 1 ARLESTON, on Cotton dull; : aldaltcgs nominal, "Net reselpts, bales, Stock, 6, Zomsrnts, July 0, 1873 Tobidoco quiet and steady, Sales ia hhds, Flour steady: anles 2,100 Bil, ub pas 1 tor Not vee 9 for amber winter, 1 Arne for veh te winter, i ouble extra, av heal rmers wales 1,090 ilwaukes Ae iehtg an tinge SL dbrone car No. t white sales of car lots yellow at 57e. Corn meal—$l 50 Tor bolted, te vita ath Millteed steady; 6; Dashels lum ers $3 5 to the Hinds be 7" lake—43,000 bushels whieat, 63,000 do. corn, 000 feet of lumber, Shipments by canal—4,000 bushels Corn, 1,609,000 feet of lumber. UrFALO, Jul 9, 1872. Lake imports-—Flour, S000 bbls j itis 83) bushels; gorm, Oli oats, "20,800 do. Canal ‘shipments— Theat, 106,402 bushels; corn, 105,402 ote ,688 do. Rail shipments from elevators—Wheat, ia bushels; corn, 63,700 do.; oats, do. Canal trelghts—Wheat, Ugo. ; corn, 10340. ; oats, 7c, Flour dull; Western spring, $775; amber, $825 a $875; white, $375.4 $0 heat stronger; Held ‘at $1 40; nominal at 1 8 $1 40 for Milwaukeo spring No Chlongo spring $1370 1.39; white Canada, a 910) 8 orn dul ¢8, 8,000 bushels At, s0ie04, 200) do. st ble. woted at sbs¢c, Gate sta que! oted Rad Ko. a87c. for No. Barley malt unchanged. Ont0Aao, July 9, 1872. jour dull and nominal. Wheat —Hpeculditva tegmands Revel 789, prices higher, but irrexular No. 2. 6p Sorin Gash, or July; $1 18% seller Aniust Aspe i iL 26%. Gein ty goo deman 89946., bith. en July} abe. 0. oll Ks..a 86: seller September ; elects se, oat and weak } and a shade lower; No. 2, 2bc. gon ler August. Rye quiét and unchanged ; No. ty 0. Barley steady; No.2 tall, B80. a ey arm; c. Whiskey A gi re opened’ firm, but closed aun a $0.10 ash, and about the sami Brice seller ay ry A $19 17 seller August: deman hiefly for Jul st delivery, in apprehensto mn of aeorher, Lard sendyeat $08 873g, cash or J summer, 74¢e, a 7740, ik meats frm. aid ‘unchang Ro sales, Bacon deady; only sales 20,000 Ibs pareeteer hams, 133%., pa Kea. pattie, 4 ; Hol er genious to sell; ‘Texas, fogs in faisdsmand and fin at $895 8 hs ie in fatr demand at lower rates: corn to Buftalo, Sen coipte $400 our, 10.000 bushels wheat, fogs 8 "amo do. ont ah 89 tht a (aor batele, ais do. o@ts, 1,200 atte, 6,000 ho 6,000 hog! EUROPEAN MARKETS, Lonpow Monsy Marxet.—Lonpow, July 9:30—5 P. M.— ek and ee fevtiray. unehi pad cones for fiv 9234; for, th fen be bonds, ieee Big? teabhe old ne Wests, Wake ‘Panis Bouxsx.—Pants, July 9—P. M.—Rentes closed at Fraxkrort Bot Ser eirerons, ve 9.—United States Se -twenty Liesl apr the isa POOL COTTON MARKET.—Lr he cotton market closed dul sales of the day have been 6, Sapo >a! export and specul ulation. Middl ng upland “on a.’ 11d. 5 middling Orleans, ied olga. “The market fs dull and easicr than at the o| nips In MancomaTune-—-Liyanzoor, Jaly 9—Advices from Manchester state that the market is dull aud prices are rather lower for all articles. 9 E'VESEPEL Busanerorrs, Manear —Lrvanroor, Sly 9 ‘he market is firmer. Wheat, 12s. 2d Sental for Culltornia wttes, The receipts’ of heat? a fis port for, the past three days have been 20,000 ‘quar: ters vincluding ‘American. penne Rovision 9-2 heese, Ss. 6d. per cwt. for best grades of Amer- fean fine; tard 30s. 6d. per owe Livkrroot Propuck | MARKRT. sLivenroor, July 9 Evening. —Linseed ofl £96 a £26 10s ,ONDON PRODUCE MARKET.—LONDi a daly 9—Evening.. 35 68. per ton; spirits turpentine, 34s. a um MARgET.—AntwerP, July 9—Petroleum, fine pale American, — FINANCIAL, TLANTIO SAVINGS BAN 186 Chatham square atid 62 New Bowery. New Yor«, Jnne 22, 1872. ayment ‘of interest will bemadg on and after Monday, July 16,on all sums of fromm $1 fo $5,000 entitled thereto under the bylaws at the rato of six per cent per annuy Interest hot withdrawn Will be added to the principal and draw interest accordin: gly, INTEREST ON DEPOSITS MADE NOW WILL DATE FROM JULY 1. Bank open daily from 10 A. M. to 3 P. Law end on Mon- day and Wednesday evenings i 8 from 5 to 7 0 RISON ARE, ‘Président. Josxen P. Cooren, Secretary, ©. D, Batury, Treasurer. aRgET.—Liverroor, July The twenty-fifth semi-annual NEY TO LOAN ON BOND AND MORTGAGE “new York, Brooklyn and New Jersey, Principals ey to SAMUEL 8. WOOD, Jr., 185 Broadway, only room A LOAN Or $2,700 WANTED,—A GooD PER CENTAGE given, and one diamond’ of 4% karats weight and two of 34 karatseach given as security, Address L, H., box 126 H ferald ol NOTICE (NOT TO BROKERS),—PARTIES HAVING upwai of $2,000 to loan on first mortgage on im- Proved Brooklyn property, can always be accommodated. GHOUGE B. WALTON, Agent, 21 Park row. — At a meeting of the Board of Direeto the usual semi nual dividend of clared; also an extra dividend off ive of government tax, and 10 transfer books wi the 15th inst. WNSEND, Secretary. ‘ONEY TO TOA) |AN—ON GND AND AND MORTGAGE, T IML sums to suit, New York, Brookly: and Westchester county ; Second ani Leasehol dM Morten hed. HIN: \N a SON, St 2 Pine street. 10 LOAN-ON CITY PROPERTY, FIRST OR SECOND morigages; in sums to suit, Apbly at 291 Broadway, room TANTED-—IN A BROKE! oF A GENTLE. man to iake charge of insurance serip depart- favorable arrangements will be made with a com- Address INSURANC tis da per cent, was iy percent. Both free leon nk after diuly 18,180, Pe glared from this ate unt ment; petent party. 226 Filth avenue. 5OO WaANt D—ON FIRST CLA D Park lots, west side of Procdent ste et, for a bonus abath,'s he ae Address W. B., box’ 67! Post office, i mPa! “a ies $30.000 tr Lay OF IR Sunes grey Broperty, for @ term of years at once box 6,790 Post office, New York. $35 000 WANTED ON BOND AND MORTGAGE pow, on first class city Posh en worth double e amount, Address D, box 8,018 Post off si 58.00 : TO LOAN—IN| SUMS than $10,000, on first class TO LOAN—ON BOND AND MORT- $175 5.00( gage, on city Property, Second Mort- ge at lowest tates, Apply {9 Wil, KENNELLY, fren Brok: 4 Pine stree 000 73,108 ; | $325.0 county nfge loans made on fratclass prope JOHN BE. CONREY, 162 Broadway, room 8. por en SUICIDE BY HANGING. Yesterday afternoon Coroner Keenan received in- formationthat James Allen had committed suicide at 207 Mulverry street, by hanging himself. De- coastd was quite poor, and having been out of em- Joyment Became very despondem, and while in that nent Ne mind hung hi self t8 the ree the door of his .oom, On the third floor, The body, being discovere4, Was instantly cutdown. Deceased was a widower, Yut lived with his two danghters, Mr. Allen was abcut fifty-five years ofage, and a | market Was unchanged and quiet; refined quoted atd (tae | hative of Scotland, 40 ihGguest wil be held to-dav. THE ERIE ELECTION. ag, | Wateon, President, and General A. 8. Diven, Vice President, Meetings of the Old and New Board of Directors and Stock- holders of Erie. A COUP DETAT BY THE BRITISHERS. | ; Sketches of the New Officers and Directors and Interviews with the Moneyed Men of the Road. The Atlantic and Great West- ern Interests. Report of the Retiring Board on the Ope- rations of the Last Nine Months and the True Condition of the Company. A PLAIN, UNVARNISHED TALE. Unsophisticated individuals of the British cohorts of Erie, led by the redoubtable MoHenry, were much surprised yesterday morning when they entered the Grand Opera House, on discovering that there were no indications of a row, and that the election for a new board of directors and officers of the board was likely to pass off more quietly than an English vestry meeting. Ignorant ofthe American way Of doing things, they knew not the potency ofthe caucus. Expecting a real American rumpus, you know, they found everything calm and serene as a Tammany meeting with Tweed as president, and that there was nothing for them todo but vote as directed and according to law, The stockholders commenced voting at ten o'clock, or rather their proxies; for at no time during the day were there present more than thirty people in the rooms of the company. General George B. McClellan arrived early, as did also Mr. Barlow. General John A. Dix, Homer Ramsdall, General Diven, Peter H. Watson, General McQuade, John J. Cisco, Mr. George Crouch, Mr. Homan, Mr. Mc- Henry anda number of Erie light weights. These gentlemen showed no excitement, and talked and chatted pleasantly. “LORD GORDON WAS CONSPICUOUSLY ABSENT and J. Gould did not put im an appearance. When the balloting commenced, with. Henry Nicholls, of New York; Jameg N. Matthews, of Buffalo, and George J. Magee, of Walkins, as inspectors, Gould’s proxies for 10,000 shares were handed in, but were refused after consultation, the inspectors deciding to have nothing to do with the wily ex-President, The following ticket for directors for 1872-73 was distributed about the room, and no amendment Was suggested :— DIRECTORS FOR 1872-73. *Samuel D. Babcock, Samuel L. M. Barlow, John a. Clgo Charles Day, Alexander 8. Diven, John A. Dix, *W. Butler Duncan, *John T. Johnston, Henry be Lansing, *G. ‘Talbot Olyphant, *Edwin D. Morgan, John V. Pruyn, Homer Ramsdell, *Frederick Schucha at, *wiiam W. Shippen, William R. Tray- ers, *Peter H. Watson. i | ne Bote marked thus are those of the. new members of The singular unanimity of the stockholders and heir representatives as to the ticket arose from the fact that at a late hour on the previous night a meeting was held at Mr. Barlow’s house, which was largely attended by those interested in the new Erie departure. It was there discovered that somo gentlemen whom. the English stockholders desired to see made directors were tneligible under the recent law of the Legislature. The ticket was then remodelled, with a view of having men on the board in the interests of THE ENGLISH PARTY, who, it was claimed, hold seven-eighths of the stock ofthe road, who were eligible and in whom the Britishers had full confidence. After a short dis- cussion the ticket above given was decided on and the draft of it sent to the printers. Tammany tactics were adopted and with eminent success, The number of yotes polled was 418,170, represent- ing $41,117,000. From ten to fifteen millions (English proxies) were thrown out for informality and for not being properly acknowledged. When the pools were closed, at two o'clock, itwvas found that not a single name had been scratched and that the ticket was unanimously elected. Immediately after the announcement of the result of the election the new directors assembled in the directors’ room and organized, Mr. L. M. Barlow calling the meeting to order and nominat- ing General John A. Dix as chairman. General Dix made a few remarks congratulating the newly elected directors and predicting a bright future for the Erie Railroad; and then Mr, McHenry proposed and Mr. Homans seconded MR. P. H. WATSON FOR PRESIDENT of the Erie Railroad for the ensuing year. There was no other candidate put forward and Mr. Wat- son was unanimously elected. General A. S. Diven was then elected Vice President, Watt Sherman Treasurer and H. N. Otis Secretary, also unani- mously, and the Board adjourned, It was given out, unofficially, that Goionel H. F. Sweetser and John H. Abbott, of the Atlantic and Great Western Railroad, will be appointed to-day by the newly elected Erie directors freight and passenger superintendents, respectively, in place of Rucker and Barr. From this it would seem that the Atlantic and Great Western, controlled by Mr. McHenry, will have a good deal to say in the manage Ment of the trafic over the Erie road. Mr. McHenry, however, insists that the consolidation of the in- terests of THE ATLANTIC AND GREAT WESTERN with Erle, instead of injuring the latter to the benefit of the former, will work well for both. In his opinion it will be for the benefit of Erie to-have the connecting line to the West that a close union with the Atlantic will give them, He 1s convinced that Erle has been draining his road long enough, and that it Is time to stop it. It is not intended, he says, to saddle Erie with the debt of the Atlantic and Great Western; each road will work inde- pendently, but will have no clashing interests. He made further statements to our reporter which are given below, and will be read with the atten- tion properly their due, MUTUAL ADMIRATION MEETINGS. There Were two meetings during the day, which, while not characterized by any exciting or pecu- liarly instructive incident, yet form part of the his- tory of the eventful day, and are therefore reported, It will be seen that in each there was extraordi- narv unanimity, and the “you seratch me and Wil scratch you” rule prevailed, That happy ~ of things was undisturbed during the day, and directors and — stockholders wendod their way from the gorgeous that once resounded to the laughter of James Fisk Jr., and the petulant commanas of Jay Gould, with Tadiant faces end satisfied minds, hugging the consoling thought to their bosoms that a dark night of Erie was over and the dawn was at hand, THE RETIRING BOARD IN SESSION. The retiring board of directors assembled in the President’s room at nine o'clock in the eee General John A. Dix in the chair, and proceeded to close up their business. The following letter was apartments | read from H. G, Stebbins, written on the eve of his | departure for Europe :— New York, June 10, 1872, My Dean Generat—It may be Jnportant to the Erie Company during ‘my absence to control my seat in the Board of Directors.” As my object, since my connection ‘with the company, has only been to facilitate its opera- tions and advance its interests, T heroes any my Fexignation asa member of the Board, YY at a7 time you may deem it iimpérint vet ms your General J. WL Dix. The resignation of Mr. Stebbins was accepted, 4 esponse to some remarks Mr. Homan spoke an WS I GxxrvaMex—On behalt of m: and Mr, oy der, and for myself, the vote of approbation for the’ course We have purs in trying to ince the Erie Railway under the manage- ment ot geniemnen selected by owners of the property. I am happy to kA@W that our éforts bave been sycoesstul, collearnes, Mr. Green thank you sincerely for i et) Snone tie | sang oh tors ded to withdraw our na: m* hope qentiemen that ie discredit ies a will not allo’ wed book. You have your Cotas he e ‘jon. Tam seat side tonten,f you that ot ae: romote In every way th any in which Wo are a0 largely i The following resolution ba ped offered and adopted unanimously :— thanks of this Board are hereby crea to the Vics President of the ¢ company, Gener cay fs Diven, for the very rea gt Tices rendered by ye! Managemen “eo y ne 4 hrs of ne a" 4 be alevoted ee ifs geost come ery sh of xr business ee ee i ae 8 ee este r hat the a soe yet ot nls serv 01 voneals Diver re ror pees thanked the Board r the co! pro d “pore rae ot of vole Bale report will OF SHY STOOREGLOEES, ie maa ea is or) p, eerie ¢ Bice the tie Yo en fairies ‘were unanimously be found nering ane 2208 pecan ot Halley wat ae ne eee interes Bate a ie ieee od of rtihy oar stock] to monies Lemar ‘iene, Tato, More, srt erican ¢ iollérsof this comp, 5 re alo owe ate ae eke fon Ca on a nena fort Benes in re-egtablan ing the rent Raulway, Comp so conosntrating pee pekholders ase Aalemgetunly fo, 44 fe srcusrenon cs ¢ evils whic! Jong, emain under the control ot fist rope eat a ty ‘3 n, Gilson Homan ang an Pormitiee ctive “od Anvereste Mess We derdert painted 8 col Pine Railr« rally to repre+ ean solved, That aks of duo to Scsers. Bischofuhoim ‘and Gordauutd don, ,for the “confidence dusplayed in the” thls) company “in” the’ “great | crisis fairs consequent “on the expulsion late administration, in. promptly placing at "9 disposal of the Board cash means extent $2, imperntively and instantly required, and continued Uberallty aid’ promptness in supporting ihe company’s credit. Resolved, That the stockholders here present do, re commend to the directors of this company the i Teimbursement of the. actual expenses Incurred in the removal of the late administration and in the legal pro- ceedings connected with the same. During the day the HERALD reporters talked with Beveral of the magnates of Erie, with the results given below. MR. M’HENRY. Mr. McHenry, the leading spirit of the movement, was early on the ground, attended by a large num- ber of followers, all of Whom actively worked in his interest during the entire day. r. McHenry has been one of tho most active workers against the corrupt administration of the magnates who formerly controlled a and to mm mast be ascribed the credit having brought about the recent change. Though Jong a resi- dent of this country, aoe is a Scotcb-Irish- man by birth, and in manners presents all the pushing Aree of the race to which he belongs. His magne is dignified and agreeable and his actions whobjectionable ; batt he, at the same time, convoys the idea of shrew pase and leet sue from which it ia impossiple to away. While rubbing his gold-rimmed spectacles he, to the Scan spectator, presents tne pic- ture of complete innocence and untrusting secur- ity; but the more careful critic will ob- serve, in the seemingly frank remarks that fall from _ him, the resulta of ee erat and lon; knowledge of his fellow men. ie same time it cannot be denied that he ie laboring earnestly in behalf of the stockholders, ae nares 80 long been defrauded of their just e statement he makes in relation to the new régime may given as follows:—‘It haa been stated that am working in the interests of the Atlantic and Great Western Rail- road, and I do _ not for an instant deny that I am not. J own the Atlantic and Great Western Railroad,. I_ naturally control it. Ihold very little stock in Erie, and I do not. wish to take an active part in the administration ofits affairs; but the interests of both roads im. perativel jemand that there should be a just ad- ministration of their al which would, while giving satisfaction to the public, cement the in- reste of all in the eterna of Erie. The new board of directors is, I think, the best that could be selected. Some of the names upon the Mst have been long tried, no matter what national ality they represent. and have never been found wanth and I believe that the ticket will be satisfactory to all who desire the welfare of the Erie road. If “= Atlant control the Erie it will. be r the better, and I am satisfied the public will hai with satisfaction any change from the corrupt ime of Fisk and Gould, Mr, McHenry dilated at sea. ror upon the evils the Erie Road has escay ‘om and the benefits it will be the recipient Br bat bis remarks: have already been embodied in bib Previous prag- matical, prophetical su {GENERAL MCLELLAN, General McClellan came into the directors’ room early in the morning, and immediately engaged in an Cel Korat aclyge ae Mr. Peter Watson, the then ctive lent of the road. General Mc! pel lan was att ired in a well-worn sult ores 7 clothes, and looked as cool and unconcerned lid when leading his victorious legions w) the: rebel ranks at Antietam. He expressed his Intense Satisfaction with the directors’ ticket, and ex- pressed the opinion that the aptete named on the ticket were poncet, suitable and honorable men, The only rca wh y his own name did not appear amon} it was that he already holdsthe posi- tion othr of the Atlantic and Great West and, to the laws of the State of New he oot not be permanently connected with two roads at the same time. WHAT MR. HOMAN SAYS, Mr. Homan, a suave, pecan vidual, with a thoroug ly side whiskers and aristocratto ES re sponge to the ee of the HEeRaLp reporter, stated his position substantially as follows:—1 represent $25,000,000 of stock, which is entirely held in England. I have been deputed to cast the votes of the stockholders, I represent by proxy, and that accounts for the slimness of the attendance heré to-day. My name originally appeared those of tho directors of the new Board, I & British subject, nor never have been, but I have resided for twenty years in London, while, at the same time, owning a residence in tifis city. Matis my name was placed on the ticket as a director, I may say it gave gencral satisfaction, but a doubt» arose as to iy eligibility, not be: eae and in order to not embarass the pany fi in its efforts to free itself from. the corrupt Paministration that had so long thwarted its inter- ests, I thought it better to withdraw in favor of some person or persons to whom there could not reasonably be the shadow of opposition, and colleagues, Mesars. Green aon Cryder, for whom fully act, shared my opinion. Irepresent to~da: 25,000,000, and am de ea that the votes Tepresent shall be cast in the interests of the stockholders of the Erie Ratlroad and in the Inter- ests of justice to all the stockholders, MR. PETER H. WATSON. Mr. Watson, the present President and fature controller of the destinies of Erie, presents nothing remarkable either in his actions or his personal ap- earance. He isa little man with a smail bullet ead and a shrewd countenance, which is thickly covered with a beard avd whiskers of foxy red hair, He was attired yesterday in a plain black suit of clothes, cut in (Quaker fashion, and had his hair parted In the middle and whiskers superbly combed, According to the statement of Commodore Van- derbilt he is the best railroad man in the United States next to the Commodore himsel{, and is fully entitled to the confidence the Erie stockholders have reposed in him. He is modest and unassum- ing in demeanor, and bears his new-fledged honors with a meekness that is worthy of all praise. He makes a statement as follows :. record isso slight that it 18 seavcel, yoreny mention, During the ad- ministration of Mr. Lincoln I was Assistant Secretary of War, acting in conjunction with Mr. Stanton, of whom I was a personai friend, We had frequently done professional business, sometimes on the same side and sometimes opposed to each other. We were never law agen but always maintained a firm friendship, and to that reason 1 must, ascribe My nomination as Assistant Secretary of War. Ihave lived in Ohio for some time past, and have not taken an active part In any business, I did not know I was to be nominated as President of this road until last evening, but I did not count the post much, as tt brings with it, at this parti- cular juncture, an tmusnal amount of hard work. 1 am connected with a raiiroad in Pennsylvania, a small one though, the Jamestown route, also with anothor road in Olio, which 18 in process of con- struction, I reside at the present time in Ohio, and have done so for some time, but I sup- pose it will now be incumbent upon mo, in view of the change in to shift my residence to New York, rust in ay own position, 1 shall want the confl- dence of the stockholders, and Tam agsured, trom the names that appear upon the Board of Direc- tors, that the afairs of the road will be admin- istered in a better manner than they have ever been before, MR, HORACE RAMSDELI. Mr, Horace Ramadell, a benevolent looking old gentieman, with a countenance brimming over with good nature, was not spoken to, He is the only member of iH © Boar of Directors under Fisk and Gonld who