The New York Herald Newspaper, September 11, 1872, Page 5

FINANCIAL AND COMMERCIAL, Greeley and Grant and the Gold Market, The Result in Maine Causes a Decline in the Premium. MONEY ACTIVE AT FIVE PER CENT A Steadier Tone in the Foreign Exchanges. The Rates for Sterling, Francs Continental Bills. The Dividend on New York Central a Plain Four Per Cent. a The Speculative Situation and the Puzzle of the Cliques. ceniclatlcypaliemnetis RAILROAD EARNINGS FOR Avul/ST, WALL 8TRget, } Tuxspay, Sept. 10—6 P. M. ©n Change to-day wheat was strong and flour steady. The cotton market was weak and lower. THE EXPORTS OF THE WEEE. ‘The aggregate exports of domestic merchandise from the port of New York for the week ending September 10, 1872, were $4,909,999. MONEY 4 A 6 PER CENT. There was a rather better inquiry for money on call this afternoon, and a good many loans were made at 6 per cent, the quotation closing 6 a 6 per cent, as against 4a5 per cent at midday, when there were a number of transactions at 4 per cent, mostly in the way of renewals upon government bond collaterals, The market might be summed up tm the statement that money was active at 5 per cent, and easy at 6 per cent. Prime paper was mominally unchanged, and there is hardly enough @oing to really test quotations, YORBIGN EXCHANGE STEADY. ‘The foreign exchange market was steadier and perbaps firmer, the sharp decline in rates inducing @ good deal of covering of borrowed bills. The firmer tone was most perceptible after the easier temper of the gold loan market, but quotations were hardly any better, prime sixty-day sterling being accessible to the close at 108. The following shows the range of the nominal quotations:— Sterling, sixty days, commercial, 10734 a 107%; do., good to prime bankers’, 107% a 108%; do., short wight, 108% a 109; Paris, sixty days, 5.35 a 5.30; do., short eight, 5.26% o 6.25; Prussian thalere, 71 8 ‘134; Antwerp, 5.3234 @ 6.26; Switzerland, 6.81% a 6.26%; Hamburg, 8534 @ 3534; Amsterdam, 39% a @; Frankfort, 40 a 40% ; Bremen, 94% 9 94%. GOLD LOWER—118% A 112%, ‘The gold market was lower on the political news from the State of Maine and declined to 112% from 133%, the opening figure. The price 113% was re- worded a few minutes after the Board opened, but % was paid for a small lot only by somebody who had neglected to read the papers before coming @own to business. The decline was helped by a rally of @ quarter per cent in our bonds in London, which being lost partially later in the day, gold re- covered to 113 a 113};. The course of the market to-day has again illustrated the seemingly para- ) tendenc: of she gold remium to decline 64 7 Teasening of antes i pi HORACE GREELEY’S ELECTION to the next Presidency, although that gentleman isan avowed advocate of the policy of a resump- tion of specie payments. The price of gold closed strong Monday night at 113%. Within an hour and ® quarter this morning it had fallen to 112%, a change clearly traceable to the news from Maine, however much the degree of the fluctuation may have been affected by it. When the Louisville Con- vention proved a fizzle gold, it willbe rememberea, advanced, because it was thought Mr. Greeley’s chances had been strengthened. With the result im Maine the rally has gone over to the other side. ‘The following table shows the FLUCTUATIONS IN GOLD. 8 In the gold loan market the rates ranged from Aper cent for carrying to 34 per cent for borrowing. The operations of the Gold Exchange Bank were as follows :— Gold cleared.. 50,297,000 Gold balances 1,421,753 Carrency balances. ee 1,708,404 ‘The Sub-Treasury paid out $74,000 on account of intcrest and $500 in redemption of the called bonds of 1862, . GOVERNMENTS STEADY. ‘The government bond market was steady and intensely dull, the oficial transactions at the first two Boards having been only $7,500. A sale of (60,000 ten-forties was the total business at the last Board. The following were the closing quotations :— United States currency sixes, 112 a 112%; do. do., 1881, registered, 11334 a 114; do. do., coupon, 115% @ 115%; do., five-twenties, registered, May and November, 133% 8 114; do. do, 1862, coupon, @o., 1135114; do. do., 1864, do. do, 118% a 14; do. do., 1865, do. 40., 113% @ 114%; do. flo., 1867, registered, January and July, 112% a 112% ; do. do., 1865, coupon, do, 112% a 112%; do. fo., 1867, do. do., 1125 a 112% ; do. do., 1868, do. do., 12% a 113; do. ten-forties, registered, 10754 a 107%: @o. do., coupon, 1075 a 107%; do. fives of 1881, registered, 110% & 11034; do. do. do., coupon, 1103, @ 110%. BOUTHERN SECURITIES DULL. ‘The Southern State bonds were passed over without a single transaction at the second call, the nly business at the first board having been a few sales of old Tennessees at 73% 9 73, the market for which was weak. Subsequently there was a pretty active inquiry at the desk for April and October {ssues of the new South Carolinas with an advance to 26%; bid. Usually these issues have been about 4 per cent lower than the July bonds owing to ‘their coupons coming three months behind the ‘atter, but some one professes to have discovered that there is a provision in the State laws making ‘t compulsory in the Treasury to PAY THE INTEREST om the April and October class of bonds out of a spe- taal tax, and hence the flurry which caused them to run ahead of the January and July's this after- goon. The following were the closing quotations Tennessee, ex coupon, 723 a 73; do., new, 7234 8 73; Virginia, eX coupen, 45 a 47; do., registered stock, old, 38 a 40; do. sixes, consolidated bonds, 51 @ 51%;d0. do., deferred scrip, 15% a. 17; Georgia sixes, 70278; do. sevens, 85 088; North Carolina, ex coupon, 3334 4 35; do., to North Carolina Railroad, 46 9 48; do., fynding, 1866, 25 a 27; do. do., 1868, 21 & 25; do., new, 20 a 22; do., special tax, 12a 14; Missouri sixes, 92% 993; do., Hannibal and St. Joseph Railroad, 0 a 91; Louisi- ana sixes, 50 a 56; do., new, 48a 54; do., levee sixes, 55 a 60; do. do., eights, 70 a 75; do. do. eights, 1875, 70 a 80; Alabama fives, 55 a 60; do. eights, 83a 85; South Carolina sixes, 52055; do., new, January and July, 25 a 26; do. do., April and October, 26% a 27; Arkansas sixes, funded, 48 a 50, THE RAILROAD BONDS, The following were the bids for the railroad bonds :— Mew York Con 6's, 1863. 91 Tol & Wab Ist m.ex. New York Cen Os, re.. % = To! & Wab2d m. New York Cen 6's, sub... 87 Gt West Ist m, a Gt West 2d m, 98, Ist m, extend 02! Brie asd M2 Moe a Basen let ms; : 2 gevstzgegnnesteapsasi a tt sii a te BAS ie Han 4 8t Jo, CHESAPEAKE AND OHIO MORTGAGE BONDS. The unsold bonds of the first mortgage six per cent gold loan of the Chesapeake and Ohio Railroad gre offered for public subscription, in order to close out the loan and expedite the completion of the road. The financial agents of the company, Messrs. Fisk & Hatch, advertise in an adjoining column the full terms upon which the negotiation of these bonds ts proposed. Bids will be received up to Monday evening next, and the awards made im- mediately after, the usual right being reserved to reject offers not compatible with the interests of the company. The bonds are secured by a first mortgage on the road, which 1s a trunk line, whose future must be a repetition of the history of the great trunk railroads now established. The pro- posed auction sale of the remainder of the loan Offers investment seekers an anusual opportunity for securing bargains. STOCKS DULL AND STRONG, ‘The stock market continued dull and quiet. Both sides seem awaiting the movements and policy of the clique leaders, all of whom were never so puzzled to know what course to take. Within a day or two there has been a leaning rather toward the bullish side, in view of the possible and proba- ble ease of the money market this Fall, and some small ventures in that direction have been re- sponded to more or less sympathetically by the street at large. The combinations now working are composed of two offshootsof the Lake Shore and Vanderbilt parties, whose operations are con- fined to the mampulation of 0. C. andl. C. and Union Pacific. The ‘WILLIAM STREET party are quite conspicuous in the ©. C. and I. 0. movement, a new favorite with them, which they took up when they discarded Lake Shore. This latter stock was a failure in their hands all through. They tried the scrip dividend operation with it, but tonouse. They couldn’t galvanize it as Commodore Vanderbilt did New York Centrul, and then when they raised the capital to fifty millions they dis- covered the road wasn’t capable of earning eight per cent dividends. They got from under the load as best they could. Hence the recent depression and low prices of the shares, viz., about 89. The speculation in UNION PACIFIC has made slower progress and has encountered the obstacle of a dull market and a dull season. It was feared that the revelations the other day about the Orédit Mobilier would work an injury to the stock, but no ill effect has been seen. Indeed, if these revelations are all of a piece with the alleged com- Plicity of men whose names were purposely and irrelevantly written on the back of a letter they go for very little. Itisa rule of court that evidence cannot be manufactured. ‘The artificial xind in- troduced here is its own refutation. Mr. Daniel Drew has been rendered quite uneasy by the circu- lation of the Wall street story that he had gone into the CONFECTIONERY trade, so far as mixing himself up with the dealings in ©. ©. and I. ©. might be s0 construed. He denies being concerned in “them ‘ere sheers” and would never abandon his Canton, Quicksilver and Wabash for less perma- nent investments. His favorite Quicksilver pre- ferred was, in its way, @ feature this afternoon, and sold at as high as 64%. The business of the company since their release from the old contract is represented to be most flattering. At least Mr. Drew is so satisfied with the prospects that he is bidding par in gold for the company’s mortgage bonds, Anew movement in ~ PACIFIO MAIL is not improbable, the preliminaries awaiting definite news as to the fate of the America, The HERALD despatch is questioned because the steamer never touches at Nagasaki, the reported Place of the disaster. It is easy to see, however, that in the transmission of a message to us through 12,000 miles of telegraph the language of the writer might be so altered as to give the idea at this end that the accident occurred where our cor- respondent is stationed. Or again, in writing he May have supposed we should be as familiar with the places of his vicinity as himself. The despatch was dated Nagasaki and the accident re- ported as occurring “here” (there). The word “here” may have been an accidental interpolation in 80 long a route with its frequent repetitions, The stock advanced to 72 when the impression spread that the story might have been an impos- ture after all, but fell back again to 7114 as soon as this sudden conclusion had time to cool. The NEW YORK CENTRAL DIVIDEND which was made this afternoon proves to be the regular four per cent cash dividend, and is payable October 15, the transfer books closing September 18, This action of the directors will probably allay the excitement about an extra dividend until next Winter or Spring. The price of the stock declined from 100 to 99%. The others were mostly strong, and towards the close there was quite a smart rise in Northyest, Ohio, C, C, and I, C, and Western Union Telegraph. , HIGHEST AND LOWEST PRICES, The following table shows the highest and lowest prices of the priticipal stocks during the day :— — York Contral. St. Paul preferred. Ohio and Mississippi. 44% 434 Union Pacific 36% 3635 c. Cc, and I. 3736 36% Western Unioi 1 10% Pacific Mail........ 12 1 MISCELLANEOUS, The Governing Committee will, at their regular meeting to-morrow, take action upon a petition asking a place on the stock list for the shares of the New Central Coal Company, an organization with five millions of capital, reported to be in pros- perous dperation in Maryland, the company’s prop- erty covering the last possible source there of bi- tuminous coal mines, The following return of railway earnings for the month of August has been compiled by the Bulle- tin:— RAILROAD EARNINGS FOR AUGUST. Bur, Cedar Rapids and Minn... Central Pacific. . Chicago and Aiton +s Cleveland, Col., Cin. and Ind... *Indiana, Bloom. and Western, Ilinols Central Kansas Pacific . Lake Shore and Mich. Sout! Marietta and Cincinnati... Milwaukee and St. Paul hin.: 606, 829,2' Pacific of Missouri. 70 St. Louis, Alton and T, 175, 106 St. Louis and Iron Mountain. 131,489 St. Louis, Kansas City and Ne' 236,586 ‘Toledo, Peoria and 94,637 *Toledo, Wab. and Western. 662,079 Rome, Watert’n and Ogder: 123, Erie Railway.. +» 1,764,658 *Michigan Cent: 529,889 *Atlantic and Paci sees 97,000 Total Increase. *Estimated for the fourth week in August, 1872, SALES AT THE NEW YORK STOOK EXCHANGE, Tucstlay, Sept. 10—10:15 A. M. $4500 US 5-20, ¢, '66. $1000 US 5's, 10-40, ¢.,... 107% 1000 US 6: , 6B. ‘iis A. MuemBefore Call. 200 chs Erie RR 1900 LBS AMS KR 1200 do... 100 Un Pac RR. i 0... 1000 ANW RE lw do., 00 ++ $9,069,204 $9,641,166 671,962 BHaS3SS=33332 oe. 1 19Me,, 200 at 19 3-16e., SONYCAHRRR.... 100 100 - 31% do. 63 99% 300 37, a 99% 100 36% 100 36% 800 x : va me Td a7 s 200 306 4533 100 -¢ 37 ; #38 900 . 7 4815 100 37, 48% 1300 SM 200 ca 200 875 ‘300 87 4832 800 Ohio & 43 3 500 ob 4s! First Board—10:30 A. M. Bs ia 9 9036 3 99) oo 79. 5 i 98. 9 v 89! SuBBGEEEESESEEE 2 P 963 8934 rie ist’ m: 4885 bo pr m... 48 : 92 do. a6 47; £9" 20 Harlem ‘RR... -be 113 20 shs Am Ex Bank... 11 Re. be 1h 50 Manhattan Ga: 210 cy , 13h 500 Pac M_S8 Co 7 3 3634 100 do. Tig 200 , 300 71% 500 do. bd 36: ‘300 vit 200 Clev & P RR gtd.b3 800 ee ame be 00 A 100C ANWRR..De.95 73 100 Tig 1300 di 73! 200 718 500 73 200 bit Bs 700 718g 700 . 7 400 bit 73 2100 . 14! 3100 : i 108 200 n + 100 700 7 2A 700 N04, 300. De 1200 Ts 500 Dang 100d ay 100 do. 9% 40 do. 4334 100d a 1000 d 43: 500 West Un Tei 48% 400 do. 4355 200 ry 300 43 100 43 00 yal 50) Quic aig 100 Quic S756 100 NYC 87% 15 do. 87 400 37 900 37 100 37 200 37 12115 and 4:15 P. M. $50000 US 5's, 10-40, c... 10794 12130 P. M.—Before Call. i SeSeesee do. Quick Min Co. do. Second Board—1 P.M. $1000 Cen Pacgid b. 99% 200shsNYC&H RRR $9) 7000 Union Pac ist a iw 4: 3 ee nion Pac ist in 10. : 2000 eS + 87° 100 do. “bd 99 he 48: do, $60 47 4 c 48% 100. i a cH 100 do. Bo s00 4 90° 20 a 73! 200 di TBig 2500 108! 100d 11033 1200 di Nos 12001 8 & 56! 1600, a 65: 5 Panam: 10084 500d 100) 300 Pac M 3 44 soo di . 44 900 do... 3% oo 8 43% 200d . 437 104 70 a Bu 0 200 6, C, 0 & TRI , Ws i C iat be 90 100 . ©, C&TORR.De.s3 373 100d do. « & 400 do. 300 BH & E ONY C&HR 100° do. 2000 bod 10 = do. é x 2130 to 4 P. M. shs Md Coal C 16% 100shsL8 &M8 0% West Un Tel 71% 1100 do. 0... 71% 12 n a SaaS TRA ae RR eesteeee z eeakse 3 EESSSSSESESSESSEES ni n it . 7 a n rt 7 a ni a a wy i lo so ac 71 100 4 : 7 100 Quick oe 20d 4 100d bs oN YO 90 100d 99 10d 99 1000 di 933 so 0% 200 a y mo 4 398 7m 4 998 i fas, 48 Fs 48 an 500 48% 30 48 800 48% CLOSING PRICES—4 O'CLOCK P. M. Western Union. 714g a 71% Northwestern.. 744) 9 ruicksilver..... 4394 a 43% Rock Island....11033 a icksilver pt.. 5494 a 53 56 racific Mall... 71 1% StP HY Central... 99 18 ins a Lake Biiore...°: 89i¢ a 89) Union Pacitic... 36% a 36% B, 3 Pittsburg ... BIg a C,C& IC, COMMERCIAL REPORT. Cotton tn Better Demand, but Again Lower—Receipts at the Ports 4,863 Bales—Flour Dull—Wheat in Good De- mand and Steady—Corn Easier—Oats Steady—Coffee Quiet—Pork and Lard Rather Easicr—Metals Quitt—Spirits Turpentine Firmer—Ro: ‘Weak—East India Goods Quict=Whiskcy Easie: Toxspar, Sept. 10—6 P. M. Asnrs.—Receipts for the past three days, 117 packages. | The market remained unchanged; pots quoted at $8 25 and pearls remained nommal. Burtpinc Marentan.=We have no particular change to note in the inarket ‘for bricks; there is but a moderate in- quiry and at atont previous figures. For lime the mar- ket has aiso been quiet, but prices were steadily held at $1 36 for Rockland common and $175 for do. lump, Cement wasin Ifmited request and steady at $1 60 per bbl. for Rosendale. Laths were in better demand and the mar- ket-firmer, but not quotably higher, Sales of Eastern sprace at $25), CANDLES.—The general market remained ait and 29c. ; paraffine, 2c. unchanged, We quote :—Sperm, 2, a4 earine, 28, @ d adamantine, Ie. a 18%e., according to welg! rree.—The market remained ‘Col in the same. co dition ‘hitherto reported, namely, quiet and un- changed. No sales were reported, and in the absence of transactions we quote nominally — Rio, ordinary cargoes, 143c. @ Ibe. ; tair_do., 16%. a Tbe. ; ood do., Isc. a 16%e. ; prime, 17%4¢. a 1734c., wold, per Il sixty to hinety dave , government bags, 19c, a 1944 Go. grass mats, 19}¢. a 2ige.; Singapore, 15c. a I ic. ; Sin , 6c. a Aarncaitis, ise. a a ibs, Jamaica 16, a 17% Willian Scott & Sons re ; Laguayra, 17e it. Domingo, l4c, Messrs. port the stock oi Rio in the United States, this date, as follows :—Galveston, 2,400; Mobile, 3,800; ‘Savannah,’ 2; ampton Roads, 2/349; Baltimore, } New York, 72,767 ; total, 121,793, Corton on the spot sold more ‘freely uniter liberal piter ings at lower prices. The market closed with a continued downward tendency atadecline of 4c. per cent on all grades. Futures ruled weak and irregular under con- siderable pressure to sell closing at a decline o! 1-l6c. per Jb, The sales toot up as follow: Day. Lax Pee'g. Total. 61 = 619 Export..... Consumption. 451 6h ow trasit.,..: m4 = ‘324 Total........ 134 ‘561 1,985, <Included ‘in v0 4) bales to arrives For future delivery (basis low middling) the sales ba been 4s follows —Sales Jast evening after three o’clock—sep- tember, 300 at 199%¢., 10) at 19 13-160., 200 at 19%e., 200 at 19 11-16¢. ; October, 500 at 194ge.; October, November and 10 each at 193c., together; November, 100 at 19 1-i6e,, 200 at LWige.; December, 200 at 19 3-16c., 200 at 19K. ; January, 107 at 16 A1-19e,, old form contract; Feb: ruary, 200 at 20 3-16c., WO at Wihie., 200 at 203-l6e., ail old form contract; March, 100 at 20 6c., old form coutract— bales. rales to-day upto thie P.M.—September, at Li%e,, 100 at 19 13-16¢., 100 at ¢., 209 at 1913-16c., 200 at LO%c., 400-at 19 IL i6e., 1,10 Se atid i1-16e., 100 at 193,c., 4) at 19 M-i6e.; Oct r ) at LAG 100 at 19 3-16c., 20 at We, 20) at iv 200 at 940.4 00 at 19 S-ie., vat 19%e.. lod at 19 16. 19¢., 500 at 19 “Liee.; November, 100 200 at 19%c., 200 at 1 . at ; December, 200 at 19 3-16 at 19 1-16c., At 19 ble, 200 at 1 200 a Jp at 19%s¢., 10) at 19 $160., 10) at ts aR oh, Nae. Cy fee 100 at 20 1 AY xchanyed— 300 December for’ 300 September, sc. difference. ‘Total, 10,000 total, 13,400 ales, Hates, on, cotton {0 foreign ports ws :—To Liverpool a 3 id seul age, 0 Haun closed steady as fo sail, 316d. To Havre, by steam, Xc., gold; sail, Ke. 1. compressed’; ie. ‘sail. To Bremen, burg, by steam, re by steam, \c., fa, ‘conspressed sail, de. To. Baltic ports, by ‘sail, %e. a le., ‘To Mi ranean ports, d. ree sum up as an 150 Wilmington, bales. 1 1,943 . 100 at 19-1-16c. ; January, 100 at ., both old form contract; 100 at I follow: Orieans. Texas. i sealed I Fy a mi Er —The {quotatio based on cotton running in quality e not Lg than half a grade above or below the grade quoted. Four anp Grain.—Receipts—Flour, 10,81) bbls. ; wh 86,980 bushels; corn, 1240 do.; corn meal, ‘aio bag? oats, 43,035 bushels. 'The’ flour et ruled dull, prices were generally une! ngaat prices wiihin. the range of our’ appended quow. at prices t appen lots were scarce and no sales were reported. Superfine Western. Extra Western, Extra Minnesota Round hoop Ohio, Round hoop Oht Fumily St. Loi a3 St. Louis straight extra. St. Louis choice double exira. St. Louis choice family. California. Corn meal, Wester Corn meal, Jersey Corn meal, Brandy wi Baltimore Caloric .. Puneheons. Wheat was in’ good request at about previous ‘The sales comprised about 205,000 bushels at $1 for red, No, 8 Chicago, $1 $8 # $1 60 for No. very choice do., $104 for No, 2 Milwaukee, $1 arrive, $147.0 $150 for unsound red Winter, for common. to choice do., $1 65a $172 tor ‘ainber. Spring yee ‘at $1 67 a $170 for Chicago and Milwau- kce; $1 75 for white Western. Corn was in good demand at rather lower prices. The sales foot up about 200,000 re af O3gc. for sail mixed, 61) lamer do. tor do, white, : outhern white, c at 6844. for Wei ts were steady and in rather better demand. The saios sum up 74,080 bushels, at 46%, for No. 2 Chicago and old Western mixed i . black’ Tilinots, 400, a 4c, for do. Western mixed, 434c. a d4c. for new white Western, and 626. for old white State and Ohio —Rye—Sales 1,500 bushels Western at 73c. ; State gpoted: at 8c. a Bbc. Barley Femained inactive and nominal, vy ‘neIGHTS.—There has been rather more activity to-da: in the line of berth frelghts, and rates showed Moyparticu- lar change. | The chartering business continued compar- atively quiet, but former rates were yet current. ‘The en- gagenicnts to-day were as follows:—To Liverpool, by steam, 45,000 bushels of grain at 10d. 0) 3 boxes: of cheese, 40s, ; 500 boxes of bacon, bales of cot- ton. ‘4d. ;'and Dy sail, 30,000 bushels of grain at 9d. a 10d, To London, by sail, $00 tons of oil cake on private terms, To Bristol, by’ sail, 7,500 bushels of wheat, 900 bbls, of flour and 50 tony of oll cake all on private terms. ‘The cha ters include :—A Norwegian ark to Cork for or¢ 2700 quarters of grain at 8%. 34., or if direct, 8d. off; North German bark, 3,400 quarters ot grain, same voyage, at 8. 1¢d., Sd. off; an Italian bark, hence to Marseilles, ) hhds. ot tobacco, 438. One or two other vessels were rumored for grain and pegroleum, but we were unable to trace them. Gunnies,—Business in this market continued very light, but we learn of no material change in. prices. Clot uoted at 14%4c. a 1434c. for domestic and 1c, for East In- dia; bags at He. a Ibe. for light and heavy. We note sales of 400 rolls of domestic cloth at 14\e. a 4ige, Her anp Jute,—The market for hemp still remained inactive for all descriptions, but we hear of no change in at lOc, Jute was also quiet but stendy at $4. a 6'4c., gold. Jute butts have been in fair demand, with sales reported of 1,000 bales at 23¢c., cur- reney, 8) days, and 500 bales in lois at 2c... currency. Hay anp Stiaw.—The demand for prime hay continued fair, but shipping grades were ne; ‘and slow of sale. Prices underwent no materia! ci and new shipping, 9c. a $1.05; do. $1 00; clover, Bie. 'a Bic; long ry 0. Tae. Bbc! + new ont, B5c. a 6c, Hors.—We have no ‘particular change: to mote in the market since our last report. ere are but few buyer but new hops come in slow! id the limited stock of anything destrable gives holders contidence, who insist ‘on full former prices. per the market showed a trifle more Metaus. Foren . activity, but in the aggregate the sules were compara- tively ‘small. We hear of sales of 250,000 Iba. of Inke at 3344c., cash and early future. Also 40 tons of English best select, part at 324c., clot ns at Sc, for take and 320. for English. Tin remained for all. descriptions; quoted for A SI Cc. & B%Kc., gold; Plates quoted ce Rpelior wan quiet ar 6%e. 0 67 ead quoted at $6 45, gold, for. or- dinary foretgn, 9c. for bar, and lic. tor sheet and. pipe. Other metals were also quiet aud without material change in prices. OLASSES.—There has been no tra day, and prices remained unchange uld Crop. Cuba—Centrifagal and mixed.19¢. n 2c. Clayed...... 122c. 1 250. Ty Muscovado, refining a 4 Muscovado, grocery “a - . ng tt ‘I -~¢ - a New Orl an g —_ 4 € NAVAL Stor toy pits turpentine was a trifle more active to-day, and ch ashade firmer. We hear of sales of 229 bbls. at 55c., 50 bbls. Trive at Sic. 1d 30 bbis. at S6c., closing with bids of 55¢., but held at . Rosin was very quiet, and strained closed rather ak at $140. We have only to note sales of 250 bbls. of strained at $4 40. Tar was quict and exsier, quoted nom- baat $3 75a$4. City pitch was also quict, but steady, al O1s.—Thore has been & moderately fair demand for linseed since our last and prices were about steady. Sales were reported of, gallons at Sc. in casks; noted for lots from crushers’ hands at kc. in casks. Other oils were generally quiet. and unchanged,. We uote :-—Crude whale, 70c. ; bleached winter do., 75c. 0 Re “crude sperm, $1 35; hatural wintet do. $1 67'a $1 60, and bleached winter do., $1 62 a $1 65; erude cotton seed 46c, a 48¢. for prime ; Menhaden, dic, a 45c. fur selected light and 43c. for choice brown. ‘Perkouow.—The market for refined remained dull and without reported change in prices; quoted at 24%c. tor spot or remainder of month. Sales were reported of 3,000 bbis., buyer's last half of month, at2#¢c. Crude in bulk z inactive; held at 12\e.; with bids of Ze. Shi quoted at 7c. #1744 ses Were firm at 28: 4 29¢., but nominal in the absence of transactions. Naphi was dull at about 164,c. a l6c. for Western or city. tthe Creek the market was quiet and unchanged; quoted at $3 40 a $3 45 on both roads, and $3 50 a $3 55 at Vil City. The Philadelphia market remained inactive but steady. Refine ed Hc. @ 2340. for first halt of month Later we hear of 1,000 bbls. of Western naphtha in New York at 154¢e. Provistons.—Receipts—Pork, 62 bbls. cut meats, 170 ‘d, 21 bbls. and tierces. The market tur mess jained in the same condition hitherto noticed There was very little disposition to do business, and foi mer prices were yet current—name'y, $14 05 a $14 10 for cash or remainder of month. Bacon—The market was quiet toviay, but there way considerable inquiry for De- cember, without leading to business, however; long clear nuoted at%%e. afc, each, and 8% Did’ tor: short ember. Dressed hi steady and in moderate demand, quoted at 6%. a Bee!—The demand continued moder was we! for small parcels. Prices were stead: about 60 bbls. and tierces, at from $8 rei $12 for extra do., $13 @ $16 for prime mess, tierces, and | $i7T a ) for India mess do, ef hats remained in- active and nominal at about Cut meats were gen- crally aylet We hear of sales of 4,000 Ibs. of bellied at Sc. and 10d packages of sol eq shoulders a a Sige, ations for other kinds feinalnéd unchan: Lard— it \ ! ket re Qu tthe market for Westorn remained quiet and was scar so firm, Sales 260 tierces for September at 93-160, OF Jard was steady at 9c., w! tierces taken at that price. Rice.—The transactions continued only moderate in either foreign or domestic, Reports from the South are decidedly inore favorable, the ravages by the worm are not nearly as bad as anticipated earlier. We note sales of 75 tlerces of Carolina at 8c. nil about 350 Pi Fost India at 7c. a 8c, Jor Patna, and 6%. # 7'4c, faiivoon. by ate - SucaR.—The market for raw has been active and very firm, The sales foot up 2224 hhds, and Include Porto Rico active. wise, and refining Cubas at prices within the range of the d quotations. Keiined was in good demand for A's, and agaln firmer, while hards were more quiet ana unchanged ; quoted at Ii%,c. a 1134. for A's, and I2igc. a 12%sc. tor harda. We quote :—Cuba—Refiming, in- Sac. suir to good fair, Biss. 8 ry ie, grocery, fair ¢ a ‘ a molassoe, hhds, ss, 7igc. a Bige.; amelado, 4}; a iC. poet scich Mademeds Ros tong, do.. Wtol2, Vgc. a9%c.% do., 13 to 15, ge. a lus 0. Ito 18, 107%e. w 11440. 3 de., 19 to 20, 11%4c. a I2i¢c. ; do. white, Ile. a 12ge. Porto Bico—Refining, common’ to. prime, 10. a 9c. ; grocery, fair to choice, Vgc. a 10%e. Brazil— Dutch standard, Nos. to 12, 7igc. a ¥ige. Java—Duich standard, Nos. 10 to 12, oye, «Wee. Manila—Superior sc. for ferlor to common, 74¢. & 8%e.; food to prime, Se. Wc. ; centrifugal, n and Srrps. juiet, but prices irm-—quoted a old. Clover Ghobeen quiet and steady at 0ic-0 18'gc. for all kinds. Timothy was firmer—quoted at $4 a $4 25. STRARIN! Market still quiet but Bi 2, fo arrive, at 10% ‘ket was generally quiet, but showed no mate; change. ‘e hear of sales of 100 of old crop sundrics at rlees ang ei from Ase, n Bes 42 do. of new crap Btate, 1éc. ; 100 cases of do. Ohio, on ‘private terms: cases of do. Connecticut and Massachusetts at 32c. a 60c. ; of do. Wisconsin on private terms; 290 hhds of Ki 2 eet at 9. & 15c., and 50) bales of Havana at Se. a h very quiet; vial be, a Bizet Rts, market was fairly The opening, but aubsequcntly closed a ade easier ; sales, 609 bbs, at ¥2XC. 0 98c., closing at the nside price. Woou-The market, during the past three days, has been unusually quiet. There has been no disposition shown ou the part of manvfacturers to purchase, and holders have not attempteil to forec sales; consequeitly the mar. ed steady, DUt, for most descriptions, nominal. ‘The sales were trifiing and unimportant. DOMESTIO MARKETS, vxstox, Sept, 10, 1872, food ordinary, 17e. nominal Cotton dull and nominal Net receipts, 874 baies. New Onseans, Sept. 10, 1872, ler ;_ low middlings, 29: mniddlings, 213¢¢. 1,372 bales; ‘gross, 1,487," 'Sales, 960. 'Stoe! Motte, Sept. 10, 1872. Cotton quiet and nominal; low middlings, 19%e. a 1944 middlings, 0c, Net receipts, 70 bales. Exports const: wise, 42. ' Stock 1,661, Cotton Net re-ceipt 13,403. Savannan, Sept. 10, 1972, KGotton weak: middiings, 19%¢¢. ; low uinidlings, 18e. et receipts, 1,023 bales. Bales, 430. Stock, 2,250. Cnanceston, Sept. 10, 1872. Cotton lower; good ordinary, 17%c. @ Isigc. middlin Ha he, Sap ‘et receipts, bales; gross, 1,038, ' : Witwicros, N. C., Sept. 10, 1872, * Spirits of turpentine-—Market uiet at, S2c. Rosin— Market quiet at $4 50 for low No, 1, $4 75 for No. 3 80 for No. 2, $6 5) tor extra pale, $5 for low pale, $5 0) for ale. Crude turpentine—Market quiet at $2 0 for hard, 0 for yellow ne id $4 00 for virgin, Tar—A. deci taste re in the market; sale: Lovisviute, Sept. 10, 1872, Tobacco firm. Sales, 8 hhds. Oswego, Sept. 10, 1872. Flour steady. fnies 1,900 poi. at $8 28 jor No.1 Spring, $9 25 for aber Winter, $10 for white Winter, $10 To tor double extra, Wheat steady. Sales 2,400 bushels No. 1 Milwaukee clu at $160. Corn dull. Sales 2,400 bushels, in lots at We. Peas scarce, Sales 310) bushels Canads | YORK HERALD, WEDNESDAY, SEPTEMBER ll, 1872—TRIPLE SHEET at $1, free. Cornmeal, $1.60 for bolted, for un- bolted per cwt, Milifecd unchanged; fe ais: stutls, $20; middiines, $22 per ion, “liighwines de Ural freights—Wheat Hac. 3 corn, 7340. to New York. Lum- 1, $5 to Now York. Rai ey tty Railway freight— 1, Be. ; to Ni York, Sle. ; fesse atk ae hes. Bade a lumber. yy canal— 700 bush- els wheat, 000 do. ory 1,000" do. outs, 138,000" feet lumber, Burrato, Sept. 10, 1872. Lake imports—Flour, 8,000 bbia s whent, 100-500 bushels; corn, 161,222 do. ; oats, 82,200 do. ; barley, 880 do. ; rye,800 do, Canal shipments—Wheat, 84,873 bushels; ‘corn, 85,080 do, Railroad shipments from élevators—W heat, 20,846 bushe! Corn, 41,008 do.; oats, $2,200 do, freights—Whea 12340. corn, Spring, $7 25 a $7 50; bakers’, cet, Hay Upring ati 4a Corn weak’ and at re a ea “ rales €0,(09 bushels at n8igc, Outs held at S70. 7 ance of ‘the market unchanged. ie bal. Curcago, Tl., Sept 10, 1872, Fecin anion ind weak. wEene 86 ve and ene of No. 1 Sprity at $1 280 $129, No. 2do. at $125.0 81.255, cash bid for seller Septembe! ba for seller Oc- tober; No. 3 Spring, $118; rejecte: demand and ‘frm; No, 2m! oh sold cash or seller September, fresh receipts, 36%c. offered ; No. m ge Oats steady ; Xo 2sold at 266 rejected at We, jc. Rye dull and declining; No. 2 quoted at S23¢c. 54%c. Barley unsettled at 66c. a 6c. Pork pachanged; sale of 60 bbls. choice mess at $1450. Lard quiet but 4 sales of Winter at 9c., Summer at 8'gc. a 8c, eat nese ae ee taaee Peek eta an Oe scarce No al cy Bt a Freights lower; to Buffalo, 13c. for corm, lac. ‘or wheat; to Kingston, le. tor wheat eeipts—8,000 bbis. flour, 7R.800 Bushe Is wheat, 304, bushels c 785000 bushels ats, 9,000 bushels rye, hipments— 43,000 busbels ba: 34 I 2,500 bbls, flour, 45,000 bushels wheat, 120,050 pushel if Gi-000 busiels oats 1,200 bushels rye, 6,00) bushels barly. THE COTTON OROP, Goxnsnono, N, C., Sept. 10, 1872. ‘The Carolina Messenger has the follow! ing :—From! the r Ports we have received from planters for several days past, and from personal observation, we are forced to the Conclusion that the cotton crop in ‘this section has sus- {ained serious injury. In the counties of Wayne, Duplin, Johnston, Edgecombe, Lenoir, Wilson, Green, Pitt an Sampson’ the drought'and rust have damaged the pros- pects very much, and the ravages of the worms in many e have before parts will still turther reduce the crop. W us reliable estimates of dam: twenty-five per cent led @ month ago, EUROPEAN MARKETS, Lonpon Monry Manxer.—Lonpon, Sept. 10—5:30 P, M.— Gontols and American securities” closed, unchanged. United States five-twenty bonds, 1865, old, 9334 ; 1867's, {23g ; Hew Aver, #4. Console opened at 92% fo 924 for the account, Erie Rallway shares, 39%. RANKYORT Bounsx.—FRanxrort, Sept. 10.—United tea five twenty bonds, 0614 for the issue oF 1852, say Ais Bounse.—Panis, Sept. 10—P, M.—Rentew closed at Tavenroor. Corton Marwet.—Liverroor, Sept A. M.—The cotton market closed dull. Middling uplands, 6! middling Orleans, 104d a 104%. The sales of the 000 bales, Including’ 8,000 for speculation POO! BREADsTUFRS Mankkr.—Livenroot, Sept 10— OP. The receipts of corn at this pore for the ree days have been 17,500 quarters, including 16,000 American. The receipts of wheat for the past three day have been 15,000 quarters, including 7,500 Ainorican, 10 Dreadstufl market Is firm, Wheat, 12s, 10d. a 18s. per cen- tal for Calitinornia white and 13s. 44. a 12s, 10, for red Western Spring. Corn, 2k, 9d. a 208, per quarter. Peas, 89s. 8d. per quarter for Cauadian. Liverroot Pronuck Manker.—Livenrool, Sept. 10—P. M.—Tallow, 43s. 6d. per cwt. Loxpom, Sept. 10.—Refined Loxpow Propuci Manuxr, Pi petroleum, 1744. a 18d. per gallon. Splrits turpentine, 43s. a 438, Gd. por cw + +. FINANCIAL. [ASNOONCEMENT FoR PROPOSALS. OFFICE OF FISK 4 HATCH, Bankers and Finaneial Agents of the Chesapeake and Ohio Rallroad Company. New Yonx, Sept. 9, 1872, By direction of the Presitent and Directors of the money and Chesapeake and Ohio Railroad Company we offer, tor proposals, all the remaining balance of their First Mort- | gage Six Per Cent Gold Bonds, now amounting to $2,923,700. Proposals must be accompanied by a deposit of five per cent, and will be received upto and includ- ing Monday, tho 16th inst,, the directors reserving the right to reject any proposals which it may not be for the interests of the company toaccept, The five per cent de. posit will be applied toward the payment, in ease of ax cepted bids, and returned to those whose proposals are not accepted. Biz ‘The President of the Company, Mr. C. P. Huntington, is well known as the Vice Presklent of the Central Pacifte Railroad Company, and the same energy displayed in the management of that corporation, and to which its re- markable success is so largely due, is being put forth in the Chesapeake and Ohio. The Board of Directors is composed of probably as strong and able men as were ever associated together to carry out a great enterprise. Among them are the fol- lowing well-known New York merchants:— Messrs, A. A. LOW, WM. H. ASPINWALL, JONAS G. CLARK, ~ DAVID STEWART, WM, WHITERIGHT, This road will extend from Richmond to the heart of the Great West, at a point on the Oblo River 313 miles be- low Pittsburg, where it will at once connect with 12,000 miles of river navigation, and soon by connecting roads with the whole great system of Western railroads, thi } giving ashort, direct and easy grade outlet to tho mil- | hons of people and inexhaustible products of the West to the Atlantic Coast, and in return furnishing them with the manufactures of the East, and cheap coal and cheap fron from along the line of the road. ItstraMe must be immense, It will cost, tally equipped, upwards of $90,000,000. Of the whole length of the line, 427 miles, at this date 360 miles are completed; the grading is near- ly done on the remainder, the iron is being rapidly laid, and during November nex! through to the Ohio River. The Western end, 200 miles, will be nearly all laid with it is expected trains will run stecl rails, the bridging all iron and the masonry first class in every respect. The total amount of these Bonds is $15,000,000. The amount sold by us from the date of bringing out the loan is $14,489,000, The amount now offered by us is made up as follows :— $510,400 | Unsold balance of loan as above Repurchased and received bentare Bonds of the Co Leaving balance subject to proposals.......... Should the proposals exceed this amount a proper award among the accepted proposals will be made. An opportunity for savings banks, insurance companies, estates and investors to get #0 good @ Bond on a great road, at a moderate price, is rarely offered. ‘The Bonds are issued in denominations of $100, $600 and $1,000, either coupon er registered; interest payable May ‘and November; both principal and interest payable in New York city, in United States gold coin. The accrued tnterges from May 1 will be added to all accepted pro- posals. Proposals should be addressed to FISK & HATCH, Financial Agents, and Ohio Raliroad Company. “4 —MONEY T0 LOAN ON BOND AND MORTGAGE New York, Brooklyn and New Jersey. Principals any apply to SAMUEL 8. WOOD, Jr., 158 Broadway, room NEw ee eee LOAN AND INDEMNITY COMPANY, 229 Broadway, corner of Barclay street, N rk, AUTHORIZED CAPITAL, $1,000,000, a Fy peen'subeerived: the remainlng #000009 ofered te cape talists and the birsiness pubilc, Subscription books will be opened on MONDAY, SEPTEMBER 2, atthe = banking house of the Company, asabove, and at the National Park Bank, ‘The charter of this ation is unusually liberal, authorizing the transaction of 8 if GENERAL BANKING BUSINESS, fs well as that usually carried on by Trast, Safe Deposit mpanies. a ermanent organization of the Board will be effected 1 3 avben the full capHal shail have been subscribed. AL. VAN DYCK GEO. H BISSBLL, } Committee. A, MoKINNEY FINANCIAL, Bran 70, LOAN Ox NEW YORK ty; $7400 on Brooklyn; $l joan temporarily and m WRdatess ATTORNEY, to buy mortgages. box 319 Post office, New Yorke ‘A 3200) WANTED, 70 EXTEND IMPROVEMENTS + on building, for which @ second mortage will be given on New, Jerwey, preperty worth double, amount of Mortgages. Principals only need address M. 8., box 1,572 ‘ost oftice, B ND AND MORTGAGE,—MONEY TO LOAN ON New York, Brooklyn and Long Island City Property. Frincipals ony address INVESTMENT, box Post office, New York. NEw YORK STATE SIXES GOLD BONDS, DUB 1887 ‘for sale by GWYNNE & DAY, 16 Wail street. ‘ANTED—THE | TOAN OF A SMALL SUM oe cntis te Hie kietmatt™ given. Address Mra. O. 10.000 Masten and ecu ME & abund: alta N A FIRST MORTGAGH property located near the “a Apply to JAMES E, o TO LOAN IN ONE SUM} $25.000 $3,000 to wo Joan 08 or to buy w York city frst ow YAEBERT A CURTIS. Wo. 8 oes ¢ B AND LOAN—FOR A NUMBER OF in one sum; must be first class property; no bonus ___8. COCKCROFT, No. 5% Pine street, room 9, 4.0.00! WANED OW BOND AND HORTOAGH . ‘on pro} down worth $100,000 jo bonus. Principals ‘address box 114 Horu'd office. eon Pro} nd near New orks; ‘Second Mérteages Carhed” RICHARD VY, HAR NET, 11] Broadway, room F, buseinont. For any destred amount, on pro} in New York, Brooklyn, We:t:h and 'New Algo money without bonus, ¥AUL P. TODD, 8 Lil stree' $25.000 TO Unis. Fine street, room 15. 175.00! “TO LOAN—ON BOND AND MORT- $250.000 70.2OAN OR BOY MORTORGHS— RAILROAD MATTERS. Meeting of the Erle Dircetors Yesterday— Important Combination, A meeting of the Board of Directors of the Erte Railway was held at the office of S. L. M. Barlow, in William street, yesterday, The usual monthy reports were read, and the affairs of the road an nounced to be in a flourishing condition. By a full vote of the Board a contract was ratle fled between the Erie Railway and the New York, Boston and Montreal Railroad Company, providing for the mutual use of the road between New York, Boston and Montreal by both com- panies. This agreement will give the Erie Rail- way an entrance into the chief manufacturing regions of New England, and enable it to secure a large amount of Western traffic. Long ago the di- rectors of the New York Central Railroad under- stood the importance of obtaining this Western trade, and ‘ @ speedy alliance witn the Boston and Atbanv Railroad secured a monopoly of the trafic from the manufacturing towns of New Eng- land, and by this means added largely to the mate- rial prosperity of the road. The directors of the Erie Railway claim that the contract made with the Boston, New York and Montreal Railroad Company will open to competition the region now controlled by the New York Central Kailroad, and increase the traMc and earnings of the Erie Railway. The New York, Boston and Montreal ts not quite finished, butitis said that many capitalists closely con- nected with the management of the Eric Railway are pledged to furnish the necessary funds to com- plete whatever links are yet wanting to throw open the New England trade to the Erle road. Mecting of Directors of the New York Central Railroad. A mecting of the directors of the New York €en- tral Railroad was held yesterday, and it was de- cided that the semi-annual dividend of four per cent be paid on the 15th of October. The books will close on the 18th inst. The New York, Ho tonic and Northern and the Southern Westchester Raile roads Consolidated. At a mecting yesterday of the stockholders ofthe New York, Housatonic and Northern and the South- ern Westchester Railroad Companies the action of the respective Boards of Directors was ratified, and it was agreed to consolidate the roads under the terms of chapter 917 of the laws of this State, assed May 20, 1869, The oMcers wili be as fol- lows:—L. D. Buckler, late General Superintendent of the Erie Railway, President; David S$. Duns- comb, Vice President; rhomas Ciark, Jr., Financial Director, and Sewell Sergeant, Secretary ana Treasurer. By this consolidation the Northern Housatonic Company will have an outlet at tide- water and direct communication with this city. MUNICIPAL AFFAIRS. The Underground Railroad Encroache ment Upon Public Property. The following is the full text of the preamble and resolution called up on Monday in the Board of Aldermen by Alderman Conover, referred to im yesterday's HERALD, and adopted by a vote of nine to two. It 1s charged that the company repre- sented py Mr. Vanderbilt has already made en- croachments upon the public domain without havs ing legally acquired a title to it:— Whereas the public parks and all other real property. belonging to the city arc pledged as security for the re demption of the bonds Issued by the city: and wheread rtion of such public pro} can be taken for. "private use, without ie’ 'toh “veto being fi ascertained and pald the Corporation; nd whet rhelius Vanderbilt or the a re: Harlem Railroad Company, or other parties actin, under his or their directions or otherwise, are nD making surveys of several of our public parks for urpose of taking possession of portions thercof for his or hieir private use, claiming that authority to do so hae been given by the Legislature; and whereas acts of this character must be clearly illegal and vold; therefore, ig ey That the Counsel to the Corporation be and he is hereby directed to take such legal Ricgeee ne 4 ‘will effectually restrain the said Vanderbilt, the Harlem Railroad Company, their agents, or any other corpora- tion, person of ' persons, from entering upon or taking possession of such city property, until the value thereof shall be agreed upon and secured to be paid Into the sinking fund for the redemption of the debt of the city. The Thirty-fourth Street Widening. The Committee on Streets of the Board of Aldera men were called together at one o'clock yesterday afternoon to consider Alderman Coman’s resolution, to set back the curb of Thirty-fourth street, from Tenth avenuc to the North River, to the original line. A number of property owners between Tenth and Eleventh avenues were present, but Messrs. Joyce and Piunkitt were absent, Alderman Con- over explained that he had offered the resolution at the request of property owners, who were intere ested in the Mannattan Market, and considered the street too narrow to accommodate the travel likely to centre there. He suggested that he would con- sent to a modification of the resolution so as to ex- dude the block between Tenth and Eleventh ave- nues from the proposed widening. This was ac- | cepted by the property owners present, and tha committee will likely report in fayor of the resolu. tion as amended. “THE AMERICAN REDS8.” To THE EpiTor OF THE HeRALD:— Having seen a correspondence in your last Sune day’s paper bringing out some true remarks on tha condition and prospects of the red man, I wish here also to make further remarks, which, by the way, may be interesting to your readers:—When Adais, the trader, first became acquainted with the Chero- kees, in the year 1735, he described a corn fleld, seven mils in extent, cultivated with dull stone axes, as one of the evidences of their prosperity. The whites of Georgia forced a sale upon the Chero- kees for this land in December, 1820. Matters con- tinued in a disturbed and unquiet state until 1835, Two years were given to the Cherokees for their removal. No resistance was made, as, indeed, any Opposition would have been in vain. Many of them died from exposure and fatigue on arriving on the banks of the Arkansas River—I myself visited their graves near by where they landed, With courage and Tseverence they begat ee in that trackless wilderness, to fell treed £24, cleat = th land. Next came the re< jon, the order of the day was no neutrat grounds. The result was that the Cherokees lost more men for the preservation of the Union tham any State according to numbers. I found the Cherokees @ religious people, fond of learning, clean in their persons and extremely polite for frontier settlers, Their houses are better built than most of those of the whites of the Souths west. Their way of living and habits in every way far ahead of the White Indians inhabiting the mountainous districts and bleak belt of Arkansas, I saw more drunkenness, wild, degrading habits among the whites, inclined to be Indian in looks by nursing long hair and paddling about ina canoe, than | ever ad among the Cherokees. [ also ob- served that the Indians copied farming after their neighbors. 1 travelled hundreds of miles in both countries, and I venture to say lsaw more wild, ‘unfenced good land in Arkansas in proportion ta its inhabitants than I did in the Iudian country, Before encroaching on the Indian reservation it would be well to clear and cultivate, and alsa civilize, some of those whites which are only ona ade higher than a Digger Indian; for | saw many ilies of white children naked as they were born jing about those witds and in a destitute con- ition, eras ba idleness lu its glory; but now thing is sald aod! oe The principal trouble that you have marked ous exists borer | the wild tribes of late int) among the civilized, and those I don’t kh ac about; but to throw the blame on the civilized In+ dians, arising from this latter cause, is an act of in- justice. Aslong as you allow white brigands to smuggle whiskey on the backs of mules to chea' and defraud the Indians of their rights, you must look for trouble. Adopt the system of the Canag dian reservation, give the Indian to understan that his reservation Is not temporary, but. forever nis own and his children’s, Then we shail hay solved the Indian question. Yours, a civilized I Clan, T shal! be thankful to you to print the above fod the welfare of the Indiaus,