The New York Herald Newspaper, September 3, 1872, Page 5

A Fatile Effort to Make the Money Market Active. ‘The Rato on Call Declines from 5 a 6 Per Cent to 2 a8 Per Cent. THE FAIR QUOTATION 4 A 5 PER CENT The Monetary Situation at Chicago, The Reduction of the National Debt for August. ADVANCE IN GOVERNMENT BONDS The Treasury Programme of Gold Sales for September. GOLD FIRMER AND HIGHER. A Listless and Lower Market at the Stock Exchange. WALL STREET, } Monpay, Sept. 2—6 P. M. On 'Ohange to-cay wheat and flour were strong and higher, with fair activity. The cotton market ‘was better and firm, in sympathy with an advance fin Liverpool and a higher range of the gold pre- miu. THE NATIONAL DEBT, ‘The public debt statement shows & handsome re- duction for August, the amount of reduction being $10,736,635, The debt, less cash in the Treasury, mow stands at $2,177,322,020. There is a sudden increase in the currency balance to nearly $11,000,000. The coin in the Treasury Is $73,918,817, against which there are outstanding certificates for $28,964,500. The full statement is given in another column, THE TREASURY PROGRAMME FOR SEPTEMBER. ‘The Treasury programme for September, as an- wounced from Washington and officially published at the Sub-Treasury in this city, contemplates the purchase of a million of bonds on each Wednesday, ‘or four millions in all, and a sale of a million of gold on cach Thursday, or four millions in all during the month. This modification was not unexpected, although many believed there would be little varia- tion from the immediately previous schedule, Mr. Boutwell sold the importers plenty of gold all Sum- mer. Now that the exporters’ market is at hand his reduced gold sales will be quite timely. MONEY UNSETTLED AND EASIER. as if by concerted action among the larger Rouses, there was 4 general calling in of loans this orenoon, borrowers being allowed the alternative of renewal at 6 per cent. A good many borrowers, ‘warned by the experience of Saturday, readily ac- wepted these terms, and the early quotation for money became 5a6per cent. During the middle ‘of the day the rate fell off to 5 per cent, and still later to 4 per cent, The “scare’’ had led to so Prompt and early a making up of accounts that the lenders, who appeared on the street about half- Past two o’clock, had to take 3 per cent, and finally money was offered at as low as 2 per cent. The Sair quotation for the day would doubtless have been 445 PER CENT had not the business been so concentrated at the begmning and so relaxed at the close. The solu- ton of money lies with Chicago, at least so far as the rate may be advanced to 7 percent. A good many shrewd observers are beginning to fancy ‘that we shall experience an unusually easy money market this Fall, the condition of tne banks to the eontrary notwithstanding, and that anything be- yond 7 per cent will be an exceptional rate. The great decline in wheat not only lessens the amount of money required to move the crops, but is likely to distribute the movement over a longer period of the Fall and Winter by retarding sales and busi- faess, The CHICAGO MONEY MARKET ts thus reported Saturday evening by the Post of that city:— The leading banks report the money market in gubdstantially the same condition as reported in these columns from day to day during the past two weeks, The applications for loans are only moder- fate, and as there has been no marked reduction in the amount of currency now here and awaiting em- loyment, all acceptable paper is readily placed at ie usual rate of 10 per cen There is, however, no effort to extend the discount time just now, for the reason that the banks are expecting another call from the Conptroller of the Currency, which may be looked for any day. The last similar call was ‘made early in June last. Asour banks naturally ‘want to make @ good showing, they are not over anxious Avgield out any great amount of moncy just Bow. Callloans on government bonds and other equally good collaterals are casily made at 7 a8 per cent, and even this rate we hear is not unfre- grently shaded. The little “spurt” In grain dur- the past few days has caused some little in- ru iry from that interest, but as the city deposits ve been more than usually heavy the funds have ‘been stead): coneitta4 notwithstanding. The shipments of currency tothe interior are as yet only moderate. ‘This condition of things, it will be remembered, ‘was ‘‘clearly foreshadowed” in the HERALD as soon as information reached us of the-collapse of the great ‘‘corner” in the wheat market. PAPER AND EXCHANGE, Prime paper was steady at previous quotations— wis., 734 a9per cent discount. Foreign exchange ‘was heavy, lower and inactive. The leading bank ers reduced their rates to 108% and 109% for ster- Mng, but their bills were to be had readily ata quarter per cent concession from these quotations. The Secretary of the Treasury has called in for redemption another instalment of $1,560,000 of the threo per cent certificates, tntcrest on which will ease October 31, 1872. The numbers will he desig- Bated in our advertising columns within a day or two, GOVERNMENTS STRONG. ‘Tne higher range of the god premium, a firmer market for our bonds in London and the large reduction of the national debt in August conspired toa better feeling in the government list, especially | aa the money market relaxcd so sensibly in the closing hours of the day. Prices advanced a quar- ter per cent in most descriptions, the. market clos- ing strong as follows:—United States cur- rency sixes, 112% a@ 112%; do. do, 1951, registered, 11434 a 114%; do, do. do., coupon, 116% ® 116%; do. five-twenties, registered, May and November, 114% a 114%; do. do., 1862, coupon, do.. 114% at } do. do., 1864, do. do,, 114% a 114%; Go. do., 1865, do. do., 114% @ 149g; do, do., 1867, registered, January and July, 113% a 118%; do. do., 1866, coupon, do., 113% a 1134; do. do., 1867, do. do,, 114 & 11434; do. do., 1863, do. do., 114 @ 11445 do, ten-fortics, registered, 108% a t09; do, do., coupon (eX Coupon) ,109'4 a 10934; do, Nves of 151, wogistered, 111% @ 112; do. do. do., conpon, 14% 112, TMF RAILROAD BONDS, The following were the bids for the railroad Donds :— New York Con 6's, 1883. 89 == Chic New York Cent's, re.. 8% Han lew York Cen 6's, sub. Tol tS eta Else, es] ong 808: SS EEE YORK HERALD, sekesscses COMPARISON OF THE IMPORTS. ‘The following shows the imports, exclusive of specie, at the port of New York for the week end- ing August 31, and since the beginning of the t+ pe nd g Second Board—1 P. M. 20 shaNY C&HR. U RR. General mdse. Total for week Prev. reported Since Jan. 1... $198,014,245 $262,218,874 GOLD 113 a 11334, The announcement of the Treasury programme of gold sales had the effect of strengthening tho gold market, although a reduced schedule was not unlooked for, and the price advanced on extremes from 113 to 11334, with the real business of the day at 11334 @ 113%. The Sub-Treasury paid out $359,000 on account of interest and $22,000 0n account of redeemed five-twenties, The course of the market, which was only moderately active, is shown in the Seseessestsess: Es 3852882 C = 388 S S38 market the rates ringed from flat to 1-82 for borrowing. The operations of the Gold Exchange Bank were as follows:— Gold balances Currency balances. THE SPECIE MOVEM! f The imports of specie at this port during the past week and since the beginning of the year have been as follows:— Total for the week.. Previously reported Total since January 1, 1872. Same time 1871.. Same time 1870 Same time 1869. Same time 1868. . SOUTHERN SECURITIES IRREGULAR. a ‘The Southern State bonds were more active, but irregular, The New South Carolinas were pressed for sale and declined % a 34 percent. The Tennes- were strong and their prices advanced. Thé prevailing tone of the general market was rather firmer, closing quotations !—Tenite 74%; do, new, 743% a 744; Virginia, ex cou- pon, 47 @ 60; do., registered stock, old, 86 6 40; do., sixes, consolidated bonds, 61 a@ 5134; do. do., deferred scrip, 1634 817; Georgia sixes, 73 a 78; do. sevens, 87 & 89; North Carolina, ex coupon, 84 a to North Carolina Railroad, 46a 48; do., 1866, 25 & 80; do. do, 1868, 21 a 25; do., new, 203g a 22; do., special tax, 14 a 16; Missouri sixes, 9344 a 93%¢; do., Hannibal and St. Jos®ph Rail- road, 91 a 92; Louisiana sixes, 50 a 55; do., new, 48 8 53; do., levee sixes, 55 a 60; do. do. eights, 70a 75; do. do. do., 1875, 70a 80; Alabama fives, 55a 60; do. eights, 82 a 85; South Carolina sixes, 52a new, January and July, 24 a 25; do. do., April and October, 23 a 24; Arkansas sixes funded, 48 9 52, STOCKS HEAVY AND LOWER, The bad bank statement of Saturday continued to be felt in the depression of prices at the Stock Exchange, particularly as its influence was supple- mented by the earlier activity in money noted above. The decline reached at one time an extent of about one-half per cent, but was checked at this stage by the relaxation and easier closing of the money market. Thislatter influence finally induced @ better feeling and a reaction late in the day, and @ moderately strong tone pervaded the stock mar- ket at the close. The amount of business was quite light, however, and the day could go upon the record as about the dullest for a month, the in- activity being all the more striking in contrast to the very general mental agitation of Wall street, now going on, as to the future of prices, the course of the money market and like coilateral topics. Pacific Mail was weakest of the activo list. Pacific was exceptionally strong. of the day was the frequency of the sales of Rock Island % a % below the market at seller ten to The receipts of the St. Louis, Kansas City and Northern Railway Company for August, 1872, were $336,536, against $236,586 in 1871, an increase of $99,950, HIGHEST AND LOWEST PRICES, The following table shows the highest and lowest prices of the principal stocks during the day:— eeseeeue CLOSING PRICES—4 O'OLOOK P. M. rn Union. 72% a 72! ifle Mail. Tha a Northwestern.. 74) a COMMERCIAL REPOR ware o need the ‘Mirket was 8, ax Soupor, 4 without animation and quotations for cargoes were to an extent nominal. Ina jobbing way a small business was consummated. Baltimore 4,500 bags Rio, per Victoria, fold on private ordinary cargoes, 1c. a I5ie.; fair do., Ie. a 16%c.; good do, I7c. a I7e. @ 18c., gold, per Ib, sixty to ninety days; Java, government bags, 19. a 19340. ; do. grass mats, 19340. a 24gc. ; Singapore, 15c. a 16c.; Ceylon, 16c. a 18c. ; Mara- caibo, 6c. a 18c.; Laguayra, 17c. a 183gc. ; Jamaica, 1éc, a 1734¢e. ; St. Domingo, l4e. Corron.—The demand for spot cotton wee fairly active and prices advanced 3¢c. per Ib, on all grades. Future deliveries were very active, but at irregular prices, show- ing. ‘e. a 3-l6c. per Ib. on the early months - \d 3g¢. per Ib, on February. The salessum up as fol- To-day. Sat’'y Even'g. BAe Vegi g We quote :—Rio, 1.723 ‘964 2,002 $75 bates to arrive, For fu. ¢ sales havo been a September, 600 a ., 400 at 20 9-16c., 100 at 9) at 20 9-160. , 800 19 9-16c., 890 at'l9 2 October, 1,800 at I tember, 400 at 2) 13-16 at 20 Ts:i0e, 200 at 201 Libe. fi ¢.; October, 100 at 19 600 at al 400 at 20 11-16¢,, 260 at Another feature seller sixty days. M6 at 19 11-16, 1,400 at. 00 200'seller this year, 193<c. ; sc. Total, 29,850 bales. Gran: bales. ‘The averages 'of Saturd were :~feptember, 20.41 19.l6c.; December, 19.200 19.93¢.' We quote — day's forward deliveries ir, i Ni New York Central January, 19.60c.; February, Lake Shore... ash. Northwestern . teres mtn preferred. aee tng aiing f —The quotations are based on cotton running in qualit Not more, than half a grade above or below the quoted. The receipts sum up as follows :—New Orleans, 230; Savannah, 427; Charleston, 275; jour, 23,888 bbls. ; wheat, 3 CO 1,733 bales; Mobile, m AND Grain.—Receipts—| 131,625 bushels; corn, 48, Xport and trade demand, but the retensions of holders checked business, and the transic- ons were comparatively light. The sales were about Corb meal was quiet; we note sales of 250 partly at $330, for Western yellow at dock. Col., Chicago and ind.’ Central. Akola ee Telegraph. SALES AT THE NEW YORK STOCK EXOHANGE, , Monday, Sept. 2—10:15 A. M. ec, 10000 US 6's, cur 500 she Pac M&S Co. 100 do. Smaerasto8 OF SRRSSRLSSSUTSSNETRRTSES PPPreraee Roan Gorn meal, Bra Bearer we? wreiomenc’ SSSRSuNSsssRaarsesssavas ne 2 (com cetece~rencece once ws —The wheat market was firmer under a mor demand, and prices advanced about le. a 2c. per bushel. Milwaukee was offered, to arrive, at $1 66, and there The saies were about 90,000 bushels 62 tor No. 2 Chicago Spring, $1 inter and $1 62a $1 was firmer at the ih the advance lost. buyers at $1 55. inly Spring) ats ommencement, but ‘he sales were about c. for steamer, Gic. a fc Oats Were firmer, with sales of 91,000 a Abe. afloat, for old Western, 43%c. i mber. Corn closed quiet, wit . 000 bushels at Glo, a 6334 bushels at 443¢c. Ae, a 48c. . 30c, adie. for white do. Barley was ne; Rye was held at 85e. for State, in store. les nd, at 9c. per bushel. ights has been slow, rain and the higher rat-s asked. en in moderate demand and Board—10:30 600 shs Erie RR. 600 a S38 Malt was dull. Western and 83, a of 3,009 bushels Canada 1 95, 1000 Cen Pac RR yd bs 100) do, Vessels tor charter have private terms, To 000 bushels gral standard bushel. boxes cheese, 200 boxes bacon, 100 m private terms. The to arrive, one rain, hence to By steam, 4, ticreee beet ant Th) Dota charters were :—Twe £000 Gt West Ist, 8 Tou0 Erie ist 1 Bi stis Bank ot Repub, 10 Central Nat Bank... 100 é ak and Cork for orders, both on pi hence to Cork for orders with 2,109 and 7s, 6d. ifdirect; a British bark #,000 bbls. petroleum and its products, ish bark of 865 tons rect Piate with a general cargo, lump sum. MoLasses was neglected ‘and 3 SERRSESSSSLE SEAS uarters grain at 78, Ke, hence to Bremen wii on private terms, ster hence to River nominal at the following = me saccacesaese%faahea HESS? & oz oozes SESSSSES er SSES: 4 BEES: 0 Babe S 900 Pac MSS Co, 10 do.. as Ther enerat market to-day. The extreme prices asked for, no small lots offering and continucd want of vessels have any sales of importance from being effected. uk 120, was bid and 12\\¢, asked; shipping at I7c. ; for refined 233%¢. a 2te. Fr, WaS asked for early delivery; & 6m ‘as taken to fill veasel at 2455c. ri naphtha nominal at 160. kets were again = ee ° 288Eut The creck mar- igher, now quoted $3 35 a $3 40 on. M upper an ja the market is @ sale of 3,000 bbis, buyers’ . 80 do. beef, 441 rd. The market for ‘was firmer under oan offerings, in consequence of for October de- 13, and & bbls. ex- an ba) ee: 20! Provisions,——Receii packages cut meats an SSSSSes25 3s k indermentioned years :— of barrel month for the ui 2 a Sz 33 rte on eres RES BSE, ae rt Ss. ==: Ri S8Ss8e8se S35! Be = 3 ty e E 12115 to 4115 P, P. M.—Before Call. an &MBRRSS 3 Bees: $10000 US 5:20, r, "68... 119% Se: Et SB! 5S S B3S35' [ene be’ hie PR | g i 35: ‘cen be! Mw, —Beef was qui ing tie sock of on the first day of each month for the undermentioned cin p 1870, 1871. fexmay ne i l By lye Januai 789 Bett 3200 26s oarat Mare! assay 289mg $2100) 61.212 ou Bt a BM 24'520 18,14) 24,048 45,959 $1,059 14,732 20,681 42,360 23/839 10,055 19,199 39,078 21,100 7/906 17,004 85,003 16979 1c.as0 R315 14,0038 | 15,109 18,160 13,141 10/887 18,992 — December. 52001 40,912 24,354 26,753. 83,705 —Lard was without material change. We note sales of 260 tierces at 9'¢c., net, to seller, for September. Co 200 therees Western kettle at 9t%c., and 600 serces ct for 180 Tees prownt and September delivery, at 9e. 0. Tat Bic, per Ib, “Bacon was in de ‘at about for- mer prices; 750 boxes long clear, for this month, October and November, were taken at 8}Zc. ; 500 boxes long c! and short clear, Janurry, at #e,, and 200 boxes short c December, at 5ixc., were sold, and, in a small way, lear atS%c. Cut meats wore stead! oxes shoulders on private ter bellies, September and Vctobe: ivery, at8ic. Beet hams were quiet Butter and cheese were quiet at previous tia as been in active quota! " ‘Navat: Hronzs. Spirits turpen: ripe for howe use and fir: lative Inguir: he nd pare Rate September We quote, Sip a $430, Baler SO bts soremen armed, . 7 at gtitic it Bole at $4.25 and 300 bhi. pale at $8 a $5 5 rigs , With $475 bid for Washington. City pitch quoted Sugan.—Tho demand was only moderately active, but the market ruled firm at formér rates. The sales com rise 600 hhds, within the range of the appended quota- forreranuiated, tSs(er'w Tite. fart clegied cand. pow: dered and ise. a iuife FOr We quote ou thas iy ov common ec. good fair, ‘a Bio. a’ to. prime, - 83%: we rc. i 4 oe 3 fair to ery, fair to good, oie. ¢. ; prime to choice, ¥4c, Fie eeutrinagal nas. wa acai toghoee Massie ids. and boxe, Tic, 4 8%c.;, meludo, 4340. a 6! na—Boxes, Dutch ‘standa Now 7 to 9 8 fol2, Ye, a oe,ido, 13 ta Jo, 9X0. @ 10}4c. 5 do, do. , 19 to 20, 11440. a 1240. ;do., whit ‘orto flico—Reti ing, common to pri .; Rrocery, fair to choice, 9c. a 0c. Bri standard, Nos: 810,18, Tig $c. Java—Dutch standard, sasicn Te 33, L 3 8 96c. janila—Superior and extra su- , T34e.'n S340, Rice was in better demand at former full rates with r sales of 300 bags Rangoon at 7c. a 734e., 170 bags ata at 70. 8G, and 40 Merges Carolitia ef 85ce. a Dee per Stearir steady, but dull; 250 8 ld at 5 mine aged Se x not yea Y ofatins as been active h - mezled of 38.08 bt cu ewe Ai I a i SKEY loss st a rt a 98)46. for iron bound, e Sales Of HO.DbIB, at 93/40, < DOMESTIO MARKETS, Gazyestow, Rep. 2, 1872, lotton active; good ordinary, 17\c. a'17} er Te. ceipte, 313 bales; sales, 200; stoc day alter the report was forwarde Exports from city of San Antonio to New York, 2100; stock, 3,862. Annual report—Stock on hand September 3, 1871, 10,490: received since, 183,246; total export since, 189.884; add ex: cess of stock made by actual count, 842 dale: New ORLRgAn . 2, 1872. Cotton firmer; not quotably higher; intl ngs, Sic, Hist receipts, 1,738 pales), gross, 1.01 Exports coastwise, sales, 150; stock, 8,! a ees lonite, Sept 1872. Cotton firm ; middlings, 2c, Net receipts, 240, Export coastwise,1 bale ; sales; 75; stock, 1,210, por Savanwan, Sept. 2, 1872. Cotton quiet; offerings Neht; middlings, 1940. Not re- coipts, 427, Exports coastwise, 730 bules;" sales, 85; stock, 648, actual count, ime, 8c. & Onanteston, Sept. 2 1872, opGotton auict, but firm: middiings, 1c, Net Feec ijt, Oss, . Exports coastwise, 4 Sales, 25; stock, §419-add 610 not before counted.” a Lovisvitue, Sept. 2, 1872, Tobacco unchanged; sales light, Burraro, Sept. 2, 1872, Lake Imports—Flour. 6,400 bbls. ; wheat, 114,00) busne! corn, 284,000do. Canal shipments—Wheat, 32,000 bushels; corn, 872,080. Rail shipments—Oats, 40,000 ‘bushels. In store here—Wheat, 188,00) bushels; corn, 812,000 do. ; oats, 141,000 do.; barley, 34000 do.; tye, $5,000 do.’ Canal trelghts—Wheat I1}4o,, corn 10igo., oats 7c., to New York. Flour quiet, Wheat dull; sales .000 bushels No. 2 Chicago AC$1 Sa $1 40, Corn in xood demand and higher, clos. ing firm sales 112,00 bushels at 580, a 53%¢c. “Oats neg- cted. 'Rye and barley inactive. Pork’ quict at $15. Lard quiefat 4c, Highwines nominally 99¢. Oswego, N. Y,, Sept. 2, 1872, Flour steady and unchanged. Sales of"1,00) bbls: at $3 for No. L Spring, $9 26 for amber Winter, $9 75 for, white Winter and $0 3,000 bushels old No. 1 Milwaukee Glub at $1 60; 4,000 do. new No. 2 red Winter at $1 70; two cars do. at $1 80, Corn dull. Sales 3,200 bushels, in’ car lots, at 68c, a 6c. Onts quiet, Corn meal sold at $1 60 tor bolted, $1 50 for un. bolted per cwt, Mill feed steady, Shorts, $18; chip auufta, $20; middlings, $22 per ton. iighwings Me. “Canal freighti—Wheat, 814¢,; corn, Tie. York, Lumber--$4 to the Hudson, $5 to New Yor roud freight:—Flour, to Boston, B8c.; to New Yi to Albany, $8. Receipts by lake—i3,800 bushels wheat, 18,200 do. orn, 12,40) do, malt, 4,417,000 feet of lumber: 8 aipments by canal—10,000 bushels malt, 1,444,000 tect ih Jumbe: Cnicaao, Sept. Flour steady; extra Spring sold at $6 a $7 75. Neat getive and higher sales of No. 1 Spring at $124.8 $1 25; 1 144 a $) cash; No, 2 do. sold at $121, closed at seller September, closed at $1 18% a $1 1 eller Octo- der, $1 1734; No. § Spring, $1 13; relecte m active, closing easier; sales of No. 2 4c.,' regular and fresh, cash; 8c. a 33 tember; 4c. October; rejected, 36c.; Nos. land 2 high dat d0c. Oats dull and Geolinings sales of No.2 at a 4 Fejected, 20c. a 20%e. re quiet STc. Barley dull and a shade lower; sal Fall at 66c, Provisions nominal and no sales cle in the list. Lard nominal. Whiskey 1 at 233,000 do. corn, 7,00) clo. oats, 5,000 do. rye, ley. Shipments—2,000 bbls, flour, ba 400,000 do. corn, 43,000 do. oats, 8,000 do. ry EUROPEAN MARKETS, Loxnox Monny, Manurt.—Loxpow, Sept. 26 P.M. 4 for the account. American securities unchanged, Erie allway sharce, i ‘ants Bovnsx.—Panis, Sept. 2--P, M.—Rentes closed at Consols closed at 92% for money_ and 92 pLieipoor Corton Marxxr.—Livenroor, Sept. 2—5 —The market closed unchanged. The sales of the eve necn 18,000 bales, including 4,000 for speculation day hi ande port. Livenroon Baxapstures Manurr.—Liverroot, Sept. 2— P. M.—Corn, 284. a 282, 3d.per quarter. The market 1s buoy- ant. Wheat 12s, 6d. a 12s, 8d. percental for California whito, 12s, a 12s. dd. tor red Western Spring and 12s. 6d. for red Winter. Flour, 20s. per bbl. for Western canal. Oats, re 10d. per bushel. Peas, 37s. (d. per quarter tor Cana- ian. Liverroor Provistoxs Marxer.—Liverroor, Sept. 2— P, M,—Beof, 628, per tlerce of 304 Ibs. for new prime mess. Cheese, 61s. per cwt. for the best grades of American fine, luvekroo, Puopucy, MARKEE —Livearoot, Bept,_ 2— 8. Evening. Rosin, 12s. d. per ewt. for commot au 18s. for fine. Loxpon Propuck Manket.—Lonpon, Sept. 2—5 P, M.— Tallow, 45s. 6d. per cwt. Spirits turpentine, 878. 6d. a per cwt, —___+- + ____. FL CIAL. (AT REASONABLE RATES MONEY ON LIFE, "AND Endowment Insurance Policles; also on Bonds and fall kinds effected with best lo Mortgages. Insuran companies. . RBRICH & CO., 119 Broadwi A WHONEY TO LOAN ON IMPROVED AND ACCE! + sible unimp: Prop large Mort roved city, Property; age bought and sold, V. K. STEVENSON & SON, Real Es- tate Auctioneers and Brokers, 11 Pine street and 226 Fitth avenue, ONEY PLENTY—ALWAYS ON HAND TO LOAN on Bond one Moree ¢ or Securities; Mortgages purchased. 8 K. McHARG, 77 Cedar street, Notary and Commissioner for each State. NEW york - LOAN AND INDEMNITY corner of Parclay street, New Y. AUTHORIZED CAPITAL, $1,000,000, One half the authorized capital of this Company having been subscribed, the remaining $500,000 is oliered to capt- talists and the business public, Subscription books will bo opened on MONDAY, SEPTEMBER 2, ‘atthe g house of the Company, as above, and at tho National Park Bank, The charter of this Corporation is unusually liberal, authorizing the transaction ofa GENERAL BANKING BUSINESS, ‘as well as that usually carried on by Trust, Safe Deposit and Warehouse Companies. Permanent organization of the Board will be effected ‘when the full cupital shali have been subscribed. Ht, VAN DYCK, pH RISSELL, { Committee. Dal OM UNisE states ANSISTANT TREASURER, During th th of September, 4as T sliad by onde uring the month of September, 15 shall, by order, e fide for Golde and piers of Bonds, as follows FOR GOLD, day, September 5—One M lay, September 12—One M Thursday, September an Thursday, September 26—On ty 8 i wil ion, FERS OF BONDS, Wedness Wednesday, Wednesday, Sept Wednestny, September 25-1 A cartified check for five per tof bid or offer must be deposited therewith. Proposals will, be opened at 12 o'clock noon, each day specified. ‘The Treasury may, at pion, accept offers of bonds or bids for gold iti & cess of the amount advertised for. Printed forms for proposals, with the regulations to be | observed, will be furnished at this office, A THOMAS HILLHOUSE, tant Treasurer Unite — = Ae RUST FUNDS OF $120,000 TO LOAN ON NEW YORK thet thekech nee on ulkings ip course, of Srootlens an other fun jortunges. Principais only. Address ATTORNEY, box sar New York Post o ce. bard —— eo ANOTHER DARING ROBBERY IN HOBOKEN. Yesterday afternoon two sneak thieves entered @ house at the corner of First and Washington streets, and, ascending to the third and fourth floors, plundered the rooms, and fled with @ gold chain, a pair of bracelets, two silk dresses and many other articles of value. Not long afterwards Aid Bourke and Oficer Kivien, of the police force, arrested two men on suspicion, but nothing could be adduced to bring the theft home to them, Open day seems of late to be the most favorable to such operations. + 25 for double extra, Wheat firm. Sales of oted at a to New K, 43c, 5 of any arti- n food dsmand t90e. _ Frejehts active and higher; to Buffalo, 12c, for corn.” Receipts—3,000 bbls. four, 61,000 bushels wheat, AY, SEPTEMBER 3, 1872.-TRIPLE SHEET, JERSEY INJUSTICE, ——+—___ How Pauper Prisoners are Persecuted in the Essex County Prison—The Free holders’ Grasping Impeeuniosity. A very great deal has been said and written in praise of Jersey justice and ‘the swift and sure manner in which criminals are meted out thelr deserts in the State of peaches, apple- jack and monster mosquitoes. The Herap has been a@ leader in giving the Jer- sey judiciary credit. for its even balancing of the judicial scales. It now proposes to show that there is such a thing as Jersey Injustice as well as justice. If has veen a custom with the Essex county authorities to keep prisoners in the county jail, no matte? how triding their offence, until the costs of Court and fines were paid, mak- ing oftentimes their term of — servitude mére than double that which the Court sentences them to, It {is mot only an in- justice to the prisoner that this works, but to the prisoner's family and the community at large. AS the majority of prisoners having families are a3 poor as church mice it is easy tg conceive what p condition their families are in after the main sup- port is locked up in jail. In many cases the Over- seer of the Poor has to step in and gave them from starvation. The costs of Court are generally a little Jess than. ben dollars in each case, the fine varying from ten to fifty dollars, Of course, these poor wretches have to rot in san months over their time, while the wives are vainly strain- ing every nerve to buy them out, but ia nine cases ous of tan i and find themselves recipients of public charity. In some cases wives have been committed as vagrants to the very prison their husbands were unable to get clear of for want of the sums above indicated. The HpRaLD reporter wds reliably informed recently that one prisoner was kept in jail thirteen months, althongh his sentence called for only six. Those who get three months i apctend stay six and seven, In the meantime, the prison is so crowded that two men have to be placed in a cell, and new buildings are demanded. The authorities receive thirty cents per day for prisoners who labor in the workshop, and it only costs twelve to feed them, so that the county indeed lose nothing oy al- lowing @ prisoner to depart when his time ig up. The power to limit fines 13 in the hands of a cemmittee of frecholders, The HeRaED reporter's informant charges the injustice to excessive meanness on the part of this committee. Private citizens, he sald, have frequently paid the fines of poor devils in order to get them out. This matter of Jersey injustice is stil! more aggravated now that the United States prisoners cannot be kept longer than thirty days after their term, on going before a Com- missioner and swearing they have no means to pay costs and fines, In ninety-nine cases out of a hundred, anyhow, it 1s on prisoners’ relatives, and not them, that fincs fall heavily, TEE JERSEY TRAGEDY. Conclusion of the Coroner’s Inqnest= A Verdict of Justifiable Homicide= Young Melville, the Parricide, Exoner- ated from All Blame—Trouble Be- tween the Officers of the Law. The inquest touching the death of Michael Sand- ford was resumed at Madison, N, J., yesterday fore- noon before Justice Monroe, the acting Coroner, and his jury. Tne attendance was not large, tho public interest in the case, so far as the Madi- gonians are concerned, having dicd away. In Newark and other parts of the State, however, the case is regarded with deep interest. On Saturday, the principal witness, poor ola Mrs, Sandford, gave such evidence that little more was needed for the jury to come to a verdict. She told her story in @ manner that brought tears to the eyes of all present and carried conviction with every word. Her statement went to show that the deceased acted the part of a drunken brute, calling her and her children the vilest and most contemptible of names; that he had threatened to kill her, and that he had struck her one blow, and was just about to strike a second. when Melville's pistol shot made old Mike “stand stock still,” to use the poor old woman’s own words. A few witncsses were ex- amined yesterday, but their testimony threw no more light on the Seb bt than had already been shed, About two ¢’clock the taking of evi- dence was concluded, and tie Morris County Prosecutor, by courtesy of the Coroner, addressed the jury and warned them that they had no power to discharge the the prisoner. That power, he claimed, only be- longed to the higher Court. The jury then took a recess before retiring to deliberate. In the interim they expressed themselves indignant at the action of the Prosecutor. On reassembling the Justice charged them that Ney were to find a verdict in accordance with the evidence and the facts despite anything that had been said by counsel, 18,000 do. bar? bushels wheat, es | eration of infammable gases, an THE VERDICT, After being out about an hour the jury brought In a verdict to the eifect that the act of Melville in shooting his father was one of justifiable homicide, and they (the jurors) exonerated the prisoner (Meiville) from ail blame. The verdict was received with quite as much surprise as satisfaction in New- ark. People generally regard it as a righteous one, considering ail the acts. THE JERSEY OITY POLICE MUDDLE, What Chict Justice Beasley Says on the Quostion—The Woor Patroimen Suffer= ing Through the Stubbornness of the Ring Commissioners. The failure of Governor Parker to sustain by the military arm of the State the men appointed by him to take the place of the convicted Potice Com- missioners of Jersey City throws the case into the Supreme Court. The recusant Commissioners in- tend to hold on till the November election, as the appointment of the judges of election and the virtual control of the ballot boxes are vested inthem. If they can manage to secure the next Legislature, by “hook or crook,” they will be re- inetated in their lost rights and privileges. To head them off in this little programme would require a special session of the Supreme Court, ag the regular term will not be held tlil November. Chief Justice Beasley alone can convene the Court; but he has been enjoying his vacation for several weeks. He arrived at his home in Trenton on Eacarday, night, looking greatly improved in heath, A HERALD reporter took the first opportunity of waiting upon him to ascertain if there had been any application for a special session of the Su- preme Court with regard to the diMiculty in Jersey City throngh the refusal of the old Poflce Commis- sioners to vacate their ofices. He said that the application for a special session of the Supreme Court must be made to him, and that he is the oM- cial to convene the Court, but that no application had been made to him on the subject, nor had ne heard of any intention to apply Jor a special ses- sion of tne Court unless what he had read inthe public press, The Chief Justice will resume his professional duties to-day, presiding at Flemington at the opening of the Hunterdon Circuit Court for the Fail term. In the meantime no money can be drawn from the public treasury tor the payment of the police, as Mayor O'Nelll notified the stubhorn Commis- sioners that he would not sign any more warrants for the. Ifthe Supreme Court should oust them, not a dollar can be recovered from the ¢ity by any policeman serving under the convicted Commis- stoners. This will be the greatest hardsnip in- volved in this contest, as nearly all the policemen have families depending on them for support. They prefer, however, to continue In the discliarge of their duties, in the hope that some provision will be made for them. nd this is the latest of the blessings Jersey City has derived from the Ring government and the thieves’ charter, FIRES DURING AUGUST, Fire Marshal McSpedon reports 103 fires during the month of August, 1872, involving a loss of $13,760 on buildings, and on stock $119,480, making A total of $153,230. The amount of uninsured loss | was $780, of which $50 was on buildings and $730 on stock. The total amount of insurance was $976,000, divided as follows :—$357,300 on buildings and $619,200 on stock. Among the various causes of fires the following are the principal:—Careless- ness of occupants and employés in the use of fire, matches, &c. AR alate dato 4 with fire and matches, 7; foul chimneys, 6; gaslight setting fire to curtains, ‘osche Kamp explosions, 10} up- setting of kerosene lamps, 8; liquid, gas and gaso- line lamps, 4; spontaneous combustion of oily rags, &c., 5, Fires from this latter cause have been of frequent occurrence during the summer, the in- crease being uinety per cent over same period of last year, This i8 attributable in a great measure, if not entirely, to the excessive and long continued heat, a Saari the gon- greatly inercases the danger of spontaneous combustion, The fire in bonded warehouse No. 8 Washington street, on 26th August, was caused by the ignition of spirit- uous vag from contact with the flame of @ lan- tern, 18 Warehouse, as ig commonly the case in all warehouses, Was kept tightly closed, the win- dows being rarely, if ever, opened fer ventilation. The vapor thrown off by the | quantities of wines and liquors there stored setticd in the ped hat) and about the casks. The moment the amp strack the floor a blue flame appeared and spread rapidly along the passage ways and under a round the casks of liquors, Thorough ventl- lation of these warehouses every day would mate- rially lessen the danger from fire, and it is to be premises, The following is Mmént of fires, logs and insurance :— August, 1871, August, 1872, ei 108 i Sonor "ilo Coin certificates. Currency. Total, see seseserevecceeserees $84,853,569 ASURY. September 1, 1872 August 1, 1872. Decrease of debtduringthepastmonth $3,427,687 Decrease of debt since March 1, 1872... 37,764,841 Decrease of debt from March 1, 1869, to March 1, 1872......ssevcseccssrenesees BONDS ISSUED TO PACIFIC RAILWAY COMPANY, IN- 5 THE PUBLIC DEBT STATEMENT. Treasury Exhibit of the Condition of the Public Debt on the Ist of September—A Redgce tion of $10,700,000 in August. WasHINGToN, Sept. 2, 1872, The decrease of the public debt during the past Month was $10,796,635; coin in the Treasury, $73,918,817; currency balance, $10,934,742; coin cer- tiflcates, $28,964,300, The following ts a recapitulation of the state- ment:— DEBT BEARING INTEREST IN COIN, Bonds at 6 per cent. 363,055 Bonds at 5 per cent...... ot eoTtaoe Principal... Interest .. 1,77 328987 DEBT BEARING INTEREST IN LAWFUL MONEY. Certificates of indebtedness at 4 per cent...... Navy Pension fund at 3 per cent. Gerdineates at 3 per cent......3... te easiooD Principal . . 122,063, Interest...... eeey 131 008 DEBT ON WHICH INTEREST HAS CEASED SINCE MATU- RITY. Principal. on + $6,170,678 Interest.... 887,670 O14 demand and legal tender notes. * $850,086,152 Fractional currency: 40, $19,301 Incipal. $425,870,258 inclaimed 8,834 $2,232,323,728 29,861,851. BOCA .,0cerscoeee $2,262,175,080 CASH IN THE TREASURY. + $73,918,817. 10,984,742 DEBT LESS CASH IN THE TRE. . $10,736,635 48,401,477 200,649,768 TEREST PAYABLE IN LAWFUL MONEY, Principal outstanding..........+ $64,628,612 Interest accrued and not yet pald. ° 235 Interest paid by the United States..... 16,570,675 Interest repaid by the transportation Of Malls, KO.....c..eseceesoscrescceos 3,806,863 Balance of interest paid by the United BEBUER. cr crercrerasencerisvenss canine Pees The official exposition of the reduction of the tlonal debt shows a total decrease from March 1, 1869, to date Of........+ + $348,141,239, And a decrease in the annual interest charge of. + 23,101,305 MUNICIPAL AFFAIRS. BOARD OF ASSISTANT ALDERMEN, The Sunday Music Question Secttled= Daly’s Theatre Lamp to be Removed. The Board of Assistant Aldermen met at two o'clock yesterday, President Hall in the chair and &@ quorum present. A petition, signed by a number of property-own- ers of Fifth avenue, between Thirty-eighth and Thirty-ninth streets, asking for the passage of a resolution authorizing the pavement of the avenue, between these streets, with Egan’s improved Mc- Adam pavement, was read. Mr. PINKNEY said that the proposition made by the company did not agree. with the resolution of the Board of Aldermen, which provides that the pavement is not to cost more than $5 per square yard, The petition asks that the company be allowed to put it down at their own expense, He moved its reference to the Committee on Street Pavements, and it was so referred. A resolution offered by Mr. Pinkney to remove the ornamental lamp of the Fifth Avenue Theatre, at the corner of Broadway and Twenty-fourth street was adopted, it being apparent to the majority that it is a nuisance to the property owners, and especially to the Albemarle Hotel guests, who are annoyed by the reflector. The Board took up the ee order requesting the Central Park Commiss! geum open on Sunday to visitors from four io seven o'clock P.M. Mr. Healey moved to reconsider that portion of the resolution passed last week an- thorizing music in the Central Park on Sunday. This reopened the whole subject of Sunday amuse- ments in the Park. A question was raised that there can be no reconsideration, and the President. go ruled, and Mr. Healey withdrew his motion, Mr. Kraus moved the adoption of the resolution for the opening of the Museum and called for the previous, question. Mr. Stacom moved that the resolution be adopted, with the amendment that the Museum be open from four to nine o’clock P. M. ‘The motion to amend was lost. On the adoption of the resolu- tion the vote was--yeas 11, nays 7. The Board adjourned, loners to keep the Mu- THE BOARD OF SUPERVISORS, The above Board was called to order by Super- visor Martin at one o’clock yesterday, but, a quorum not being im attendance, an adjournpment was haa. THE BOARD OP ALDERMEN, A number of the Aldermen of the city, not having concluded their watering-place experiences, were not in attendance at the meeting of the Board yesterday, and in consequence, for want of a quorum, th ie Board adjourned until Monday next, THE PIFTH AVENUE WIDENING, Tho Committee on Street Openings of the Board of Aldermen, to whom was referred the resoln- tions of Alderman Conover to widen Fifth avenue, have called a meeting for this afternoon, at one o'clock, to hear argument and objections on the part of the property-ownera. They propose to take possession: of the fifteen feet on either side of the avenue, which is the property of the city, but is now used by the property-owners lor court yards, So far but one protest in writing has been filed Against the proposed innovation. The resolution looks to the widening of the street tu sixty feet and either sidewalk to twenty feet. THE PUBLIC SCHOOLS, Opening Day After the Vacatio: The public schools of the city opened yesterday after the long Summer vacation. This is an event always fraught with the greatest interest to the young folks of the city; nor can its importance be exaggerated, for anything that refects in any way upon the future citizens of the Empire City cannot be considered in any other light than that of the most serious character. It is to be regretted that in the city schools there is nothing more formal ou opening day than the simple salutation of the school teacher to the chil- dren. Boys and girls need a stimuins to excite their ambition, and some little ceremony, if even only the presence of the Ward Trustees, might give to the young minds a recollection of thet first ap- pearance in the pubjic schools which would be cherished for years, As itis, the children simply go to school, get their books, are arranged in classes, and the tedium of this ordeal is the only thing left in their memories of the first day of the lon; year before them. Old heads. of course, see var ous objections for perhaps thelr objections are like other objectiouy hat have been obliterated with the development of ideas, Anyhow, yeste leefully at al! the jum of the schoolrooms went on in every ward of the city withont a single disturbing occurrence to roiile the temper of either teacher or the morning and afternoon the stree with the little folk “going to school ;" cially in the afternoon the youngster in discussing the all-important events of the and most sententiously pronounced upos “locations” and what was likely to come as they toddied home from sehoo). The College of the until the 1sth inst. assemble without any formal, three days are devoted to dist then business begins almost imperceptibly, the classes falling into the beaten grooves with the experience ailorded from those who went before them, A HERALD reporter yesterday visited many of the schools, and spoke to the teachers as to the event of the day. So far as conld be learned, the attend- ance compared favorably with that of previous years, though 0/ course the exact numbers who attended yesterday cannot be known until after the Superintendent of Schools has issued his report. 8; but, all things considered, ny the children met together oolhousea, and the pleasant @ giddy air naw of them City of New York will not open and here, too, the scholars The first two or buting books, and BOARD OF PHARMAOY. The Board of Pharmacy of this city has been in session for two weeks, examining and registering pharmacists. The entire number registered up to the last day of August was 697, of whom 406 are pro~ rietors and 201 assistants; 125 new application: ave been made, 76 of which have been success! and 16 unsuccess/ul. from September 12 to September 30, which will be the last opportualty afforded to roan for eieneaan Legal proceedings will then ta Jaw. Board Will hold sessions e insti~ d against ali who have not complied with the