The New York Herald Newspaper, September 18, 1872, Page 4

4 NEW YORK HERALD, WRDNESDAY, SEPTEMBER 18, 1872—TRIPLE SHEET; FINANCIAL AND ) COMMERCIAL. EXCITING THWES IN WALL STREET. Exiraordinary Stringency in the Money Market. ca The Rate on Call Put Up to 225 Per Cent! WHITHER HAS THE MONEY GONE? Decline and Demoralization of | the Stock Market. THREE SEPARATE AND DISTINCT “CORNERS.” A Triangular Speculative Duel. DREW, SMITH AND GOULD A “Corner” in Erie, a “Corner” in Gold, and a “Corner” in Money. Another Day of Magnificent Dividends to Erie Stockholders. Gold Remonetized and Lending at 1 1-2 Per Cent Per Day. THE PRIGE ADVANGED TO 114 5-8 we Kiela of Battle at the Close. The WALL Srreet, Yunspay, Sept. 1i—6 P. M. four was active and higher, Wheat was irregular and mostly heavy, Cotton closed quiet and steady. It remains to be seen what will be the result in commercial circles of the current { On Change to-day EXTRAORDINARY in the Wall street markets, which transpired at too late an hour to-day to have an eflect upon tra The Evie “corner,” with which public attention was occupied since Friday last, has been followed and attended by two other speculative di: ements of a similar character. While the people have been watch- ing with curious interest the great tripartite conference at the capital of Germany, a great triple “corner” has been preparing in Wall street, the subjects embraced being no less various than Erie Railway shares, gold and mhoney, the progress of the “corner” being in the order specified, Indeed, it is now quite evident that the “corner” in Erie was the father of the “corners” in gold and in money, and begot the lat- ter, not as things usually are begotten, for love, but for revenge. The speculation and the relations of the parties interested in all this curious matter make a combination and complication parailel to, as not as ridiculous, as the famous TRIANGULAR DUEL of Midshipman Easy. At least the position of the several parties whose conflicting views of the mar- ket led to their antagonism has placed them each at the three points of a triangle, the one operat- ing against the other in about as original a field of combat as Wallstreet in tts diversified history hasever seen. The beginning of this re- markable situation of affairs dates back to the lat- ter part of last week, when a pool in Exchange place locked up all the certificates of Eric stock which they owned and could control, precipitating a “‘cor- her’ that has proved a most costly one to the operators for a decline. It is a sort of tradition in Wall street that the great scarcity of a stock isa sure indication of the culmination of its price in the market. Hence Erie grew scarcer day by day despite the heavy closing of “short” contracts by parties unwilling to pay the rates for borrowing, the places of whom were immediately and more than filled by the hosts of professionals who acted on the theory of speculation referred to. As if to justify the reputation of Wall street for the FICKLENESS OF FORTUNE therein the rule didn’t work this year, doubtless because, like every good rule, it has its exception, and the exception happened just at this time. The immense dividends which Erie was thus paying its owners, averaging about fifty dollarsa day to each possessor of a hundred shares, tempted the venerable Daniel Drew, who is always on the look- out for dividend-paying investments, and has se- cured quite a number of them, such as Wabash, Canton and Quicksilver, He became a purchaser tothe extent of many thousand “sheers,” but whether conjointly with the original pool or inde- pendently of them is not very clear. This point is not of importance, however, differ as opinion may asto whether the pool unloaded on Mr. Drew or struck hands with him for a further carning of these very remunerative dividends. The street is rather inclined to the belief that DANIEL DREW now sustains the Erie “corner’’ all alone; but it 4s haraly probable that the pool had time to trans- fer their enormous holdings so soon, even if dis- posed to abandon their speculation. Now Mr. Drew in ali this prepared for himself a sea of trou- ble, at the same time that he had been cogitating the extraction of further dividends from his Evie Shares, the money to pay which was to come, not from the trafic of the road, but from the bard- earned suvings of the industrious operaturs who had been selling the stock short, To buy so much Erie as was requisite to keep up the “corner’ it was necessary to have money. Now Mr. Drew 1s a very rich man, but his wealth is not always readily convertible into cash, and a good deal of THE LOOSE CHANGE which he habitually carries about with him in Wall street has been locked up in his favorite Wabash, Canton and Qu ver, ‘tu pay for his newly bought Erie he had, of course, to borrow moncy, and it was the demand from him on Monday that caused the sudden advanee in the rate for loans on that day. It may seem curious that he should have to borrow money upon & stock which was lending not only free of interest, but was worth something SENSATION the development of foruse; and the explanation is that to make the | stock scarce enough to maintain the coruer he had to lock up and put away and sink nmioncy ta two- turds of the stock which he bought. Meantime | another operator of rising fame, whose history and Whose exploits in the market go back to the early days of THE OLN ERIE POOL, and whose career has vecn more brilliantly suc- cessful as a leader of the great reaction in stovks following the depression cansed by the Chicago panic, had been looking avout for a speculation alter a@ period of inertness and complacent repose upon the heir ppe He had been bulling gold all sum- mer § anc got it as high as 11554, when he found ‘tio fates ee him in the unifyuaily low, rates for foreign exchaNge and the exceeding folly of Europeans {n continuing to buy our government and railroad bonds, He did the philosophical thing, and quietly sold out before his confréres in the movement knew of the change in his sentl- ments. Goid fell to 11254, llustraung the sagacity Wich caused him to change his views of the mar- ket. While endeavoring to see what the future | ® 519; do. sixes, deferred scrip, 1514 a 11; Georgia promised, Mr. Smith, that is his name, HENRY N. SMITH, looked goldward, and its frmness in the vicinity of 113 tempted him to think that with the exising oversold condition of the market It would not he a bad idea to buy gold again, He was not largely in- terested, however, until toward the close of last week, when the enthusiasm of Jay Gould won him over to a full espousal of the “bull movement, the policy proposed being not any great advancement of the premium, put a rapid and close “corner” upon the “short” interest, whichy reposing in fancied security, had been gradually growing in proportions, At the same time that the arrange- ments were making for the conduct of the specula- tion in gold, the views of Mr, Smnith as to the future of the stock market were found to have coincided with those of Mr, JAY GOULD, who had been, was and still is, if all the signs be true, “short” ef Erie toa very large extent. The par nobile fratrum of 80 many a desperate Wall street venture again became allies and were in the feild. The hesitating, cogitating Smith had given | over his indifference and become an active, ener- getic “bear.” When Mr. Drew bought his Erie a great deal of it came from Messrs. Smith and Gould, ‘Ihe consequences must be foreseen, A battle was inevitable, and Wall street haa witnessed to-day the first result of the great contest between these financial giants. Indeed, a survey of the situation recails strongly the memorable Fall of the year 1868, to which the present season bears enough re- sembiance to confirm the truth of the saying that HISTORY REPEATS I7SELP. Then, as now, the leaders of the “bear” party were Smith and Gould, whose forces comprised the late James Fisk. Their chief opponent on the “bull” side was then, as now, Daniel Brew, who in en- deayoring to “corner” Erie became the victim of the trick of overissuing stock which he had taught his apt pupil Fisk and had played himself upon Commodore Vanderbilt. These being the elements, therefore, of the conflicting sides of speculation, the results should not be surprising, however much they may have perplexed the thousands of outsiders, who stood nervously at the telegraph tape all day to-day and wondered “what the dickens” was the matter with the market. As Mr. Drew tightened his GRASP ON ERIE, Messrs. Smith and Gould tightened their clutches on gold and money. The “squeeze’’ in gold had a double effect. It made money for the clique headed by Gouid and it incommoded the Exchange strect brokers who were regarded as the allies of Mr. Drew in the Erie corner, That is, the triangular duel ran something in this shape. The clique squeezed gold on “the Germans;’ the latter had to retort on Mr, Drew by forcing him to take care of Erie while they took care of their gold, and Mr. Drew orted on the clique by shutting of the supplies of Erie; all of which would be pronounced by Sir Lucius O’Trigger A VERY PRETTY QUARTEL asit stands, As the game began in Erie we trace the eifects there first, The successive “squeezing” of that stock under Mr. Drew's merciless fingers evoked from the “bears” a fluctuating series of cash considerations ranging from }f to 244 per cent for the use of the stock in this afternoon's deliv- eries, That is, the operator who was “short” of a hundred shares had to pay from twelve and a halt dollars up to two hundred and fifty dollars for the use of a hundred shares in keeping his contract alive. The stock naturally advanced under this pressure, and at one time touched 55 cash, the other extreme being 493g. The difference between CASH AND REGULAR in one exceptional instance, where doubtless both orders were very hurriedly cxecuted, was 4%{ per cent, The gold clique were next to retort. “they had opened their guns on “the Germans” at the very beginning of busimessin the loan market by demanding and getting as much as “ per cent for the use of gold at the Clearing House, and in the desperation of the succeeding struggle they put this rate up to 144 per cent. In other words, they compelled the “shorts” in the gold market to pay $125 for the use of each $10,000 gold required to settle accounts at the Clearing House or at bank. This was the highest figure mentioned cn the book, but there is reason for believing that the brokers of MR. A. T, STEWART paid as high as 13g per cent for one large lot of gold, which he was using in his business, and one rumor this evening says that the “corner” of to- day has cost him as much as $75,000 cash, This rate has been exceeded once only in the history of the gold market, a ‘corner’ several years ago having put the borrowing rate to two per cent for one day. The adroitness and silence with which the present “corner” was projected and carried out nave been a prominent feature of it, such movements generally being noised about a long time in advance of anything being done, Foreign exchange was demoralized, and ‘prime sixty-day sterling sold at 107 for cash, or about ove per cent below the previous day's standard, TUE “CORNER” IN MONEY was naturally a further development of the great struggle between the partics to the fight over gold and Erie. Mr. Drew needed money to corner Erie and the clique needed money to corner gold, and between their several efforts the rate on call was run up to the extravagant rate of 5 per cent for the day, equivalent to 225 per cent per annum. The early dealings were at what now seems the modest and insignificant rate of 6 a7 per cent, and stringency was not precipitated until about two o’clock, When the ominous appearance of “7 per cent gold” was followed by “conimissions”’ for TURNING STOCKS, the demand continuing until about twenty min- utes of four o'clock, When the quotation was 3 a 34 per cent, Ata quarter to four a counter-demon- stration was made, and some money changed hands at as low as 4 per cent, but it was evident!y done for effect, as no checks could be certified at that hour. As a consequence the stock market wavered and declined, and, in the Jast half hour of business, went off quite rapidly, the fall in prices ranging from one to three per cent. The Vander- bilt party sustained their favorite Union Pa- cife throughout the depression, and were credited with buying about 50,CO) shares dnring the day, the price of the stock showing at the close a depreciation of only 4 @ % percent, Our com- | parative table below and our table of closing prices will illustrate more fully the effects upon the stock market. The virtues of the four o’clock plan of adjournment were seen in the arresting of the growing excitement of the street, Over night calmer thoughts will prevail, and, as @ conse- quence, the market to-morrow will be likely to be swayed by the consideration that money cannot remain very long 80 stringent or gold and Eric continue so scarce as to-day. GOVERNMENTS LOWER. At the outset the government list was strong, In sympathy with the rise in gold, and prices were in some instances even a fraction higher as compared with the best figures of Monday. But the market yielded under the excessive demand, and extrava- gant rates for money and a pressure of sales late | in the day oceastoned a decline of 4% a 44 per cent. ‘The tone of the market was firm throughout, how- ever, and remained 80 to the close, when the /o- lowing quotations prevailed:—United States cur- rency sixes, 1i2a 1124; do. do., 1881, registered, 113.4 11534; do. do. do., coupon, 11514 @ 11534; do. five-twenties, registered, May and November, 113% 114; do, do., 1862, coupon, do., 113% a 114; do, do., 1864, do, do., 11934 a 114; do, do., 1865, do, do., 11434 <; do, do., 1867, registered, January and July, 115; do, do,, 1865, coupon, do., 112% a 11274; | Go, do., 1867, do. do., 113 a 1133; do, do., 1868, do. do., 1154 8113945 do, ten-forties, registered, 107% 4108; do. do., coupon, 10734 @ 108; do, fives of 1831, registered, LiL & 111345 do. do. do., coupon, 111}¢ a my | | | { SOUTHERN SECURITIES NEGLECTED, The Only dealings of any importance in the Sovtheru State bonds were confined to the Tennes- sees, Which were moderately active at 72a 72%, the new bonds being heavy, if not weak. The new South Carolinas sold at 244 025. Subsequent to the last board, and pending the excessive activity in the money market, there was absolutely nothing doiug to test the effect of the day's sensation in money, and quotations closed nominal as follows:--Tennessec, ex cou- pon, 714 & 72)4; do., now, 71% a 72; Virginia, ex Coupon, 45 47; dy. S1XOs, COMSOLIdALEd LMS, S076 81Xe8, 70 280; do. sevens, 85a 83; North Carolina, eX coupon, 33 @ 84; do., mew, 204g a 21; do., special tax, 10 a 14; Missouri sixes, 92 a 93; do., Hannibal and St. Joseph, 8% a 91; Louisiana sixes, 53 a 67; do., levee sixes, 50 a 60; do. do, elghts, 70 a 80; Alabama fives, 60 a 6°; do. eights, £4 a 87; South Carolina sixes, 45 a 05; do., new, January and July, 24 a 2434; do. do., April and October, 243¢ @ 2534; Arkansas sixes, funded, 47 a 55, HIGHEST AND LOWEST PRICES OF STOCKS. The following table shows the highest and lowest prices of the principal stocks during the day :— Lowest, OTNg 49 ow York Central. 81% 69% 10%5 108 4g 64 ©., ©, and I, Western Union Telegraph. Pacitic Mail..........+. THE FLUCTUATIONS IN GOLD. The course of the gold market 1s shown in the following record of the chief fuctuations of the ve. 1135 2P. M. 2:20 P.M. SP. In the gold loan market the recorded rates ranged from 4 to 14 per cent aday for borrowing, ‘The operations of the Gold Exchange Bank were as fol- lows:— Gold cleared Gold balances, Currency balances. The Sub-Treasury paid out $25,000 on account of interest and $9,000 on account of regeemed five. twenties, - $106, 714,000 aT 17 ERIE RAILWAY EARNINGS, The following are the estimated weekly earnings of the Erie Railway, commencing April 1, 1872:— 1871, 1872, For week ending Sept. 15... $483,100 $454,492 Previously reported.. 8,197,642 8,244,909 Total earn’gs since April 1.$8,680,643 $8,099,401 Decrease for week + $23,609 Increase for twenty-two weeks to date «21,758 THE RAILROAD BONDS, The bids for the Chesapeake and Ohio loan amounted to $2,891,500, The accepted proposals amounted to $1,932,500, the prices received averag- ing about 85 per cent, or, with accrued interest added, about 874g per cent. The following were the bids for the railroad bonds at the regular call ws Sie: Board:— Ti Cont 7 percent, 1876 108 Alt & tH istm, rie 7's, it m1, * Lov bonds. Buln ¥ ei ist m Hud’ Riv 7's,2 Hud Riv 7% ist in 105, Nu Southern 1's, 1st in. 1 leas is Tarlem 7 1 BL OB Mit & St Paul, own d Mi & St Paal'2d m. Joliet & Chic Ist m. ore div bds.... at Lake Shore, Col, Ohio & Lud © ist in 92 Pac RRs, Tol, E Cen Pug ‘gold bw Tol; Jnion Fac 1st au N York & Ui on Pac. Bost, H & Union Pac SALES AT THE NEW YORK STOOK EXCHANGE, Tacsday, Sept. 17—10:15 A.M. $500 US 5's, 81 U1S% $1000 UB 5.20, 6, 967.08 113% 1Wy00 ¢ 4 be 15000 US8's, 10-40, ¢.. see 103 A. M.—Boefore Call. 200 shs West Un Tel.... 160 do. 3 0. id HERE, 0. a First Boart—10:30 A, a $1000 Tenn 6's,new.... 724 100 Erie BE. Jew SC Ose ne dn kTy. 25 70 2000 Missonrl 6's 100 2000 Cen Pac Ritgd tw 10y Io 1100) Saion Fac ist m.. © 86 O00 Un ae Ts, Ie bt 79 5000 Un Pac ad ee tt ” ri 7 $000 Gt West 3d m..i+ 0% 100 Mar & Cin ist pr. ) Mor & Es ri ma , 15 LS & MS RR. 10009 Mor & Es 2d m... do. G, C &1 62m. 103 98 200 To 300 Quick, ; Go...) 6.88 Inn Quick i peeeb. rr) 0. 19) 20), Wee W ete vy os ig RI iti S000 US 5.29, , 108 1090 US b's, 10°40, PA Ah b00 0 85 13000 US 5's, 0. BL, if Pr. MimeBefore Call. ” 2M 20 shsC AN WRR.... aun do. . EEEEEEESES & ZEeeeEEe do, 200 Quick M69, julck M prél do... Sutee SEpeeee SEzEE Ps Z 3 rt 2ees' RAL eee, ase eLLeSSSSSS: & 695, ZSSSS322: cee SSS: SS SSLSASs = REE SR RS ey 2eee bs ss my fe oO do. 200 2: Bane my do. 8 ¢ 600 # 40 20 100 oy 100 1580 100 Pd) 100 400 2 S3 been as Bentemben ea faber, O00 at D 19e., 18 12-1 t 183;¢., November, 200 at eames eae pai 18h, 206 at 0. 800' at 18 17-16c., 300 at 187{c. ; January, 200 iit 1934¢.. all old form c tract; February mei 3.76 2 i at 19 13-16., ‘So at ivice,, all al od form contract March t Wise. oe BON C,, 100 af Yr» 200 all old tore contract; April, t old forma, contra ets total, 1. bales, The rece! inte? laws: Galveston, 30; Savannah. ton, 296; "Norfotk, 2! a This a am ny last week? 4.303; Thus dn igwat—sTo PG a cay a ship- ment by, ath lust." os 2 nid fret hal mpg Fo Havre, by stom, Nou go (¢,, To Haraburs, colonies soll fo pam, by 0 id. Yo Meditercatican ports bs shear Uplands, i ‘Bae Oeant Texas, 15} 38K 14 By iS 198) ry 2 2083 Good nliinig 21} Bi 2 2 53 —The quotations are based on cotton in store, running in Bat Oe eee than halt @ grade above or below the Foun anp Grain.: once ts—Flour, 61,240 bushels; corn, 58, one Sag. BD bi eats 40,750 bushels a ood orn meal, J ure was In consequence re- icted. ‘Tho mals, including all kinds, Sheet about INtG) bis. princlpaliy at the onsite ms eter coe cane tions. Corn meal cgnuinued 30 Las. ut without material change in prices. About were disposed of EAS is ces W th ices within the ‘range of the’ appended quotations: M8 | No. 2 Stat 5) 9 $5 25 37! Superfine State - 575 a 62% 27 | Extra sta 1675 a 70 gi +725 9 7175 87: 575 a 625 woo Be, 00 a 725 8% 2 oD a Fa [725 a 775 Sim | St. Teli io 1775 a BT WM | se Louis choise double oxira. 1875 9 925 Hi, | St Louis choice family. ...... 1925 all 1% | California [890 a 900 a ye flow +850 a 600 : Southern 359 a 475 : Southern superti a 625 jouthern extra. ie s Fy Siti best BS Southern tamily. $25 912 ity eS Bid | S Corn meal, Western +335 a 365 100. ae os 83s n meal, Jerse +360 a 365 Nem rer Gel wa | Corn meal, Brandywine +385 a 39) IO ee #5 | Balti [400f. 0, b, mn £8 Calorie. 30) a 363 00 ce Punenesi ised 0D —Wheat ular, being dull’and Tower tor common 400 T, W & W rt stendy. for prime. ‘The Seg comprised about 9,000 3 7h wo do Tack Wit, 1 ons 300 Ei Onin 4 f ls sbe.b3 100 shs T, W & W aoa OAS ae oS 2:30 to 4 P, My bushels at about $1 50.0 $163 for No, 3 Sprinz; $1 $3 a $1 6 for No. $163 for old No, 2 Milwaukees S20 $2.02% for White Siate, in store and fitoat; $160 n $170 for red Winter; $170 for amber Ohio in store, and $180 choice amber Michigan. Corn was thymer, with sales 3f rn about 100) bushels at de.” Ghee foe anil “mot clos for steamer dos} se. n oD\q0. 108 high mixed ntioat Ciena Goce for yel- low di ind Gto. A O7e. for white Western afloat. ‘Oats es rmer and in good Bo demant at the im movement, tle: § FeO tea rn in store, oh or chol ay ice new bi We ern on the track, closin; mained quiet, Sales 1,600 bus and 500 bushels active anlentn aly.ng Freiguts.—The ingury for accommodation for een bas besa Jess urgont to-day, but rates were w There was still a very iair demand for vi Tr, cl from the grain trade, and rath quiry for suitable vessels for the ‘ade other purposes, with rates decidedly in owners’ fi The engacements since our last have | boon as follows : Liverpool, by 8° “wr 15000 beahole rain at i alld; 8,000 boxes chees« 10 tierces bee’, 6s. 6d. boxes bacon, 35s., and i “sally 7,50) bushels corn, |. ‘The chariers include an Italian bark (to arrive), 3,700 quariers grain to Cork for oraers, &.; an Italian brig (to arrive), 400 quarters Brain, same’ voyage and rate; a Nor- Wezian bark, 3,400’ quarters. grain, same ' vovage, at 8% Gd, “if direct 3d. off? a Norwegian bark, 3,500 quarters grain, same voyage and rate; Airitish bark (lo arrive aud now duc 4200 quariers n, to Cork for orders, on private totms: an Taira ys al jan bark, quarters grain, seme voyage, ‘0 British steamer to arrive), 6,000 quarters ean pamecvovaney ts Get m ritish. spy {o a direct. Krist port, 7.060 quhrters gain at 7s. 9; british bark (rechar- arters grain, to Cork for orders, 88, 73<d. ; wnce to a dirvet port in the United dom, 25% pbis: naphtha, 7s. 6d. ; a Norwegian bark, from Phladsipnin iow alron possi: tha, alints Ringaren 2.400 bbls of refined petroleum, 7s: cd; an “Americat a ut fi ere: cls Canass iin bond at 7e., ed Stiute at $105. Barley remained-in- fark, ros do. to le petroleum, 6s. 3d.; a brig, 172 tons, anid a brig, at tons, to the wind- ward, general on private terms. GuNNtKs.—Thy unand for domestic cloth continued moderate, but there was bul little call for other descrip- tions. Priess were abut steady. Sales 500 rolls of omestic cloth at 144 Ye qtute:—Domestic, He. a a fie: Bast bags, Me. alse. tor light and 200 The market still remained very quiet 1400 + but we learn of no material 1100 a quoted at 10ic., gold, Jute 500 aged, fquoted at 856. 8 el, gold, 100 ly fair demand, with sales re- 100 Pitt: 3 | ported of 600 bates, in Lote: at 2c0., currency: 1,000 batestat 200 & 43-16c., and 50) bales of rejections at 34e., 6) days. 2200 bt Hay 'aNp Stzaw.—Thero has been rather more inquiry 100 n since our last Tor both slupping and retail aii but 500 718 | We learn of no-clnnge in prices; quoted at 05 for $00 at shipping. hay, $125% tor retail ‘auailties do, Shc. & 300 T1g | B0c. salt fhe and 75e, a 85c. for clover do. Straw was 100 11% | in moderate demand at $1.n $105 for long rye, 7c. a 85c. 500 713 | tor short do., aud 70c. a 75e. for oat. 100 Tig Hors.—The market has been very quict since our last 400 71% | and can hardly be called as strong; in fact, there was c 00 71% | siderable weakness notizonble, caused muinly by the r 1200 D's | ported large crop in Burope.’ ‘The receipts havo been 1600 118 | Shly moderate, but buyers show but lithe rulniness to 100 7144 | purchase, even at a decline of from 2c. a 3c. per 100 bat Motassks <The marker romeined in she aces condition 300 7136 | hitherto noticed. No business of importance aud prices bt Re more or less nominal. We anor, Ul Cro) 2 i Cuba Centrifugal and mixed. Been ‘Bo, 8 NS | Muvvovador rerining! wes 100 Muscovado, grocery. -a-— 100 Porto Ric Smee 700 Engilsh aS " 200 Now Orleat a We, 00 Navi ‘i for spirits tarnénttne. was 700 fairly active aud decidedly firmer, closing at oe, he, Tro files were: bbis, late yesterday, at too which were New York bbls and to-day 15) Dis aeaer 500 @ Bile, ; 450 bbls, Is. at GissC., 100 bbis. to ar- 1200 Five at ode. and 100 New York bbls. a tiie Rosin in Femained ‘qilict and steady, Guoted at $1 10, 500 Werhave only to note gnios o¢400 bile of cominon at $f rig and 70 bbls. of No Lat ge 70. Tar was, quiet, but firm: eBSySEUECEESUEUESELEES SSSSSSSSESEES COMMERCIAL REPORT. Cotton Quiet for “Spot” and Active for Fatures Receipts at the Ports, 11,729 Bales=Flour Firmer—Wheat Irregular— md Oats Firmer—Coffee Dull— Spirits Turpentine Active and Highcr— Rosin Steady—Sugar Quiet—Pctrolcum Dull—Pork and Lard Eastcr—Whiskey Corn Firm, Torspay, Sept. 17-6 P.M. | A’s and [o\c. a Asnes,—Recelpts for the past three days, % packages, The market has undergone no change since our last re- port, remaining quiet and steady. and pearls remained nominal. Buripine Maren TALS! No special change has occurred in the market for brick; the demand continued only mod- crate and at unchanged prices, quest and steady at $1 35 for Rockland common and $1 78 Lime wa Pots quoted at $3 25, in limited re- O bbls, of Washin-ton Drought $4 12}, also 60 bbls. of ite ‘at $4 8734, which was I Ons, —No particular change has ocourred in this market, excepting for menhaden, which was scarce and firmer.’ Other oils were generally quict and unchanged. We quote :—Linseed from erushers,8le. a 8c. In cask crude Noriherm whale, 7e.; do. Southern, Bie. a 2ize crude srerm. $133; natural Winter, do. $157 a $160 crude cotion sced, déc. a 48¢. for prime; menhaden, 4 48c. for selected light and d4¢, a 46c. for choice brown, Petnourvat—The market still remained flail for ali do. spot or remainder of mont ‘as weak, but entirely nominal: quoted: at’ 1c. a I1Xc., and ih sipping omer at 16ie, 8. were Arm althougit horainal; held atzie.a Bie, Naptha quoted at 1sisc, al for Western or city. t the Mave tho market Temaines quiot and cunghaiged quoted at $3,154.53 2 on both roads, and n'§3 baton Citys The detphia markot was Stil inactive, vand rather easter, ‘but still nominal; quoted at 233¢e. a 48/40, for reflued, spot or mbuorisroxn.—Receipts Park #61, bbls.;,eut meats, $04 packages: lard, 267 bbls. and tierces. “Tho market for te till continued very | eats with but litte dis Ff sition ma fest to do business at present pricos—offered at Sic i2iz with no buyers at that Agures In Jobbing lots Shout Obits changed hands at $13 25a $13 W tor old mess, necovding to condition; $1) 80 for extra prime, and $13 for prime mess. Bacon was i active demand (or fa. fare and firm, especially for short. clonrs, sal Jong and clear, for December and Janu uy ‘at per . 200 “boxes short clear, for January. and do, for February, at 18kc, were firth—quoted Beet remained ulet, with the exeeption of a, tted ob bing tra le, which realive’ current prices. We quote :— Nest, $8.4 $102 extra do., $10 $12; prline mess derces, $13 a'g16, and india mess fi eet hams re: Hy at about 3% Cut meats were general mained nominal y We noi sales of 900 pickled hamis quiet but unchanged, At 13%4¢. 60) do. shoulders at Bie., ant ekages of joked hame ae, We. quote ;—smi moked in He, a do, shoulders, Size. ; pickled hams, 120, @ j.do. shoulders, 740. 86, jo bellies, ee. a Se d Predited shoulders, 53gc. a BA c. Lard—The maiket ‘estern Femalned quiet and ‘was rather weak. | Sales wore re- Hercos for September af 910. but subec- also 80 tierces of Kettle, at 9c. Dity vas firm at it, but cl a easier. Sales: ton at fe. a 00.) closine ae ary it unchanged. mo Markee aly: remained ‘qu Feo The sales to-day have been:—35 tierces of Carolina at itt Saat ca eage BO bay 2 | oir at 7c. @ 8c.; and 150 bags inngoon a SECae TN cnaKOT: dor linseod. stif romamned, rece ‘quiets ‘The last sales reported were at $2 40, gold. Clover was also quiet. Small were mado at prices within the range $9458 a lec. for all kinds, atae i 25. Rough flax quoted at $2 rraw continued ‘ipo, vory ‘At premne Prices there was little or no ‘ition erate The sales foot up about 3) hhds, of (Penning Cuba at from Se. a 8} otined was. also quiet, and about 19 ic; per 1b, caster quoted at at 1 "; a 120, for 1" 2%c, for harda, quote :— Cuba—Resining, inrerior ‘to common, remaine THe, 8 ani fair to goo intr, She, a 9e.; xood to prime, 9ife. rocery, fair to good, 934! 4¢.4 prime to cholee, ‘ie. @ de. ; centritugal, hhds, and boxes, Use. a luge, molasses hhds. aud boxes, 7ge. a Sie ‘mello, bit Tene butch undid, Nos. 7 to 9, 8 10 to 12, Ie. AMC. 3 13 to MS, org 18, 10 174 RAE 1s ty Colyer: grocery, tate to choice Daten miunilerds Noe 8 to. 12 74 t d, Nos. 1 t0 12, Ge. a Vike. tor do, Kump. “Cement was quietbut steady at $1 doper | Sentard, BH for Houcndaice ‘Laths ‘rousined very HFmy selling nt | ORG SUBSTI, 8c. ABC nee one Stor t stern spruce, saat nce Ran pet tas ea em ale conga ncatours.<The market sarc Tematned quiet, Perak | Wave We hear of TW enses gf old cron oe ne Wi nade firmer, but other descriptions remaine ma uisetts and Hithout, noticeavle eninge. Wo, quote PNerMn Benoa. | At We, a 25, ; 20) crac now, crop aes j patent do. 42c. a . 8) by hy 3, adamantine, Me, @ le\ke., according to ‘size’ and a weight. Corrge,—The market remained dull for nil, U pentay ail 4 A 430.5 ‘paratine ut we hear ot no essential change tn prices. Nossrs. A White report the stock Sintes tis date as mor New. Mobile, mh Gai ert mine do., 1740, a 173¢C.. Me. ; Java, Wo. a at the suljoined Furure deliveries Tuo sales sum up Total... st mr “468 “on For future delivery (vasis low mjldiing) the gala have ote + 1B fe re i a ‘olay per |b., 9d a ide.; Lagnayra, I73ge. Ay W8}qe. 5 SI follow: Ori reas ywolations, wh ys tollows y= ce Kio and Santos in the Un New York, 71,093 bags; Bi Hampton Roads, Savannah, 200, siearine, 28c. 5 Maracatho, 108¢c. domingo, it bow, “ol Gdrrox cn the spot, Without decided change rom 3 Connecticut Wrapper do. Ohio. part wray Yarm om private t 2 bev" of Hav aa at te. a Ve. to Ie. ‘rauuow ven ae ut the mar- sina range, ited | Eien dyssitecetpts & ue pis. The market cortinwed nee tive and firm, will sales reported of 400 bI DOMESTIO MA MARKETS. © GaurestoN. Sept. 17, 1372. Cotton duit and nominal; pod palinacy, We, & IWhye. was weak, | Nec receipts, 1,199 bales. Stoe omain quite nominal. ply ae 17, 1872. re fairly netive, but Father easter. | Gotton strong: low midilings, 1s%ec. ¢ Tot iia e ot reeel i f tock, day. Last Brening, torat, | Net cecerptsy Oy bates; GFoHm 0 a 104 ta cen 1, 1872, fl hy . L3 a 180 bales, a 16 Tuo | _pCotton frm; middiings, UR im. Haney Exports coasiwise, 20h, ue . 218i Cotten Im moderate demas in Now | only ao to SAMUEL orainay Stock, Cot rie Misa": NOt receipts, 2,285 bales. Sales, 19 Qaancneron, Sone 17,197 middling,’ 3. a 15! w mmitd ta akg gelbory, Tgewet receipts, 1y 518 bales Sa Wz suxctoy, Sept, 17, 1372. fe ames auiet at 2 5Te. we 1 quiet at for strained, $3, 0 84 for low No 1. $3 75401 extra © tine firm a for ha w dip, $Sfor virgin, Tar quiet and“Urm at $3 19. Tobacco unchanged; otter Sept. 17, 1372 {a-—Plour, 15.293 bone heat, ira i ea mu 45 do. oe ae ae cae es afer, E rites at Pegi obs by ice Ss Saiet; salen oi omall ots cof waukes Be ag No.2 at al Held at $) 46, Corn steady ; sales ot 80, bi ESs,. Oats quict; enles of snsall Lote Westera at are Nose at articles unchanged. ob anctieacalts sok igar steady and unchanged; sates 700 bots. eas for No. L Spring, $9 25 tor Gator Winer, f for wane Winter, $10 59 tor ble extra. her’ dull ‘peice. 1,000 bushels No. L white Michts 7, 1378, ushels 5 floss Eyes amber winter at $1 65, Corn dull tp Ria Dusivele 4 harioy quiet. 160 for bolted: holed eh owt. iced “gad eh 13; ghipstutts, Highwines, dle, é ses New York: iusnber rat to th tothe Hulsor T%e. to ights—Hlour to Boston, York. Railroad fi York, Sic. ; to ‘atoany. ao Receipts b —15,800 bitabie els wheat, 1,001,000 te¢t of tember. Shipments bY canil 6,400 ‘aatets wiieat 000 feet lumber. The amount of grain on the canal trom Buffalo to Oswego for tide water esterday noon, as Near ascan be ascertained, was as fol- lows +=1,036.000 bustiels wheat, 2,179,00) do. corn, 56,009 do. 8, 15,000 do. barley, 1,600 do! rye. Cnrwaco, Sept. 17, ITE Flour quiet and unchanged, Wheat in fair ceiand bus Jowor: demand most specutatives No. 1 Serine, $1 35 $126; jou 2 Spring, $1 Til cash; 3H 18 tor Se] or Octol pring, $1 11; rejen i. fur iiamand aad’ lowars'No- 2 wise ay a Sdc. cash; seller for Spotomber nomi 2 "at oe No. 2 “rail, 700. & rae. cash ; ‘hanged, “pulkmeate “acon nominally une Freights Bouve and heat. Ve menis—2500 bois, tte 31, raat Bushes w corn, 84,000 do. oats, 10,000 do. 00 do. barley. EUROPEAN MA iN MARKETS, Loxpox Moxny Manxer.—oxpow, Sept. 174 P. M.— Console for money, 9256. 8 92)44.; for the account, vara. . America Loxnox. Seprtt-o Fe Mee-Consols and American seem ritieg unchaiixed. ‘Consola opene an «1. for the account incrican securities, dolug ‘at ‘opening, and prices nominal. United stat five-twonty bonds, 1865's, old, 9314; 1807’, 92; ten-forties, 8734; new fives, Sf. Erie Railway shares, 32, iN # Bours. Panis, Sept. 17 Renton, OA 20, Liyenroor Corton MAnxet.—Livenroot, Sept. 17-8 P. M.—The market closed unchanged.. ‘The nates of the have been 10,000 bales, including 8,000 for export at sheculation. ‘There wore sales of 20.0 bales 8 yertorday” after the regudar closing of the market, making the sales of the day 12,000 bales, Lavameoor Baespsrurrs Manxer.—Liverroor, Sent IT 4 P.M-—The receipts of corn at this port for tho past three days have been 19,000 quarters, Including $0) American, Tue receipts of whoat for th three days have been $0,000 quarters, including, 16, J American. Tho tarket Wheat, 13s, 2d. a 13s, 6d. per cental for California 12. bd. a 12s, a. tor red Western. Spring, ad Las Ba: for'ved Winter. Corns Bie 4, a Boe per sane Liventoon. Provisions Mane “trvderobes Sept. 17— Livenrool ‘Prongce Manxer.—Lirraroot, Sept, 17— Byening.—Spirits turpentino, 45s a 453, 6, p Lonpon Propuck Market rend Sept “Even ing.—Common rosin, 10s. SP M.—Lard, 41a, per cwt. 9d. per owt. i : FINANCIAL, oes TO LOAN ON BOND AND MORTGAGR York, Brooklyn and Liab hd Princip: . WOOD, Jr., Broadway, room Act ust MONEY TO LOAN AND BUY MORT- . 53: 8 city real estate, in sums to suit, witha i us; also. on buildings | Course of erection. COUNSELLOR, box 2,631 New York Post office. CORNESHOUT SECURITIES FOR | SALE $2008 Town Bonds of Middictown, Conn, feee of all taxer, atop and uccrued interest since June vr interest ale bet Payable JunoT and December t; aay erShnage Coincctical: Biate ‘tees setltag: gpeu ‘market for bonds absolutely. safer. Address box st office, Middletown, Conn. OUISVILLE UITY SEVENS Interest payable r sale by DREX New ‘ork. ORGAN £00, 53 Exchange place. NEw YORK gens . LOAN AND INDEMNITS COMPANY, 229 Broadway, corner of Barclay street, New York. AUTHORIZED CAPITAL, $1,000,000. One half the authorizod capital of this Compa: been subscribed, the remaining $500,000 is offere hay to 71 bales of | talists and the bisiness pubite. Subscription books will be opened on MONDAY, SEPTEMBER 3, ‘atthe banking house of the Company, as above, and atthe National Park Bank. The charter of this Corporation is unusually Uberal, authorizing the transaction of a ne GENERAL BANKING BUSINESS,' well as that usually carried on by Trust, Safo Deposit and Warehouse Companies. Permanent organization rot the Board will bo effected when the full capital Bt have heen chose Gio: 1 BISSELE, f Commitee A. MCKINNEY, EW YORK STATE SIXES GOLD BONDS, DUE 1987 for sale by GWYNNR & DAY, 16 Wall street. bt abi ‘STAMPS—ALL KINDS IF PERFECT; ALSO Documents, such as Checks, ‘Stock m4 other P Gerliteater Ingurance Polfeies, e-: utile ONpAYED aa NORV Wal st., box 4475 Post office. ‘ATE OF GEORGIA SIX = CENT PAST DUB Bonds wanted,--Particular attention given to the oquineecy, OF A OaP nee aca thre Sughout the South. Orders i urd at loweat co er TOUR BO MANNING, Noe New street._ $5 OO 7.3 TO $1\ 00 WANTED.—NO Seal MONEY D) y real estate chance fora y Y EST iz Broadway, room toe COUNTY BONDS, SIX eteat pu RUN and bearing (en per cent interest; the Jargest and most Heuriahing ol in the State is situated im the county by which these honds were issued : the owner Wishes to exchange for New York city Property. Address BONDS, Herald office. 36. 000.27 a ig LOAN, fol ON HOUS!I 1 West Tiventy-sevent sirect, five storie: a5 2x peach. GEO. W. DACUNHA, owner, 207 West Thirty-eighth sireet, ey 000) meron a ereiee aap 2 giving rate and description of property, waPiTAL, man, $13.0 omes. at TO LOAN—ON CITY OR BROOKLYN al estate, in sums not less than $) 5100 .00 particulars, TRUSTEE, Herald office. TO LOAN OR BUY MORTGAUES— rece any desired ore cua prope $250.0 QO Fortiny'tctfed amount on propeeay his) e) money oy, witout] bolus. PAUL P, TODD, %u street. $7 750. 00 TO LOAN ON IMPROVED PROPERTY ‘Wenfeheatr founig” Peltpeiy gu, weed apg Bi omebestar scan) Ir paney Suni eeetee eS POE Bases olka, THE BOULEVARDS AND AVENUES. The Work Done by the Department of Pablic Works. Since the transfer of the boulevards and avenue: n the upper part of the city from the Department. lof Parks to the Department of Public Works, in May last, their construction has been vigorously prosecuted, two and one-half ralles of forty-toot roadway and one mile of eighty-foot road- way having been finished and opened to pub- lic travel, while the foundation was laid for three ‘and one-half miles of forty-foot roadway and one mile of eighty-foot roadway, as follows:—On the Boulevard, from Fifty-ninth to 155th street, twa and one-half miles of forty-foot roadway finished and opened for use, two and three-tenth miles of "roword foundation laid, two and one-tenth miles of forty-foot roadway macadamized and one and one-tenth mile of forty-foot roadway covered with broken stone of trap rock. On Seventh avenue, from 110th to 154th street, one mile of Rae.) roadway finished an opened travel one-hali mile of eighty-foot Sontwray, td with Telford foundation, one-half mile eighty-loot roadway macadamize and nine- tenths of a mile of eighty-foot roadway covered with broken stone of trap rock. The ave- nuo St. Nicholas, running from. wth street and enue transversely to 155th street a ue, and incliding What was known ag Hailem lane, Will be dnished as a gravel road from Park to Bighth avenue at 12380 stroet. On this yenne one and one-tenth mile of rubble foun. dation has been laid, and one and six-tenthe mile of curb set. Tt will be open for travel to its intersection - with Night arene Com con- necting with Macomp’s Dem road, carly in tober. The section from 1i0th street and Sixth avenue to the intersection of Seventh Avenne, and the Seventa avenue from that point to the Harem River, will be opened for travel within ten days, The grading ofTenth avenue, fron: 155th suteet te Fort George bill, will be completed this season, in addivion to these works, which were begua under the Park ndniuisteation, we dopartinent S60 ¢ kood hag commenced tho construction of the. avenud bounding Morningside Park on the @ast @il rin wing irom Listh street and Ninthavenue to We Pont avenue at 122d Bireck