The New York Herald Newspaper, September 28, 1872, Page 9

FINANCIAL AND COMMERCIAL, THE CONTEST IN PACIFIC MAIL. ‘The “Bears” Lead Off with a Sortie, The “Bulls” Reinforced by English ‘The Vanderbilt Strategy of Borrowing Sterling Avauiled of to Advance the Pacific THE STOCK GOES ABOVE 75. | 1% 813% Continued Acrobacy in the ‘UP T0 45 AND DOWN TO 4 PER CENT. Gold Declines a Half and Recovers a q and let the two parties fight out the bat- Quarter Per Cent. tle in Pacific unmolested. 1445g. Erle opened weak and fell off to 4734, but re- covered and advanced to 4874. scarce enough to lend “flat,” but the big “corner” was conspicuous by its disappearance, The closing prices were gene@ully the highest of the day, Pa. cic Mall being supported by the pool to the Last Moment. The previous defeat of the cliques in their operations against the Vanderbilt party was the result of the lending of sterling for the carrying of stocks, that party having first class WALL STREET, credit and getting the accommodation quite readily, the Pacific Mail pool having tngratiated themselves into like favor with foreign capitalists with the result witnessed to-day, HIGHEST AND LOWNSY PRICE: THE DRY Goons mMrorts. The following table shows the highest prices of the principal stovks during the da; ‘The Approaching Abolition of Stamps and Taxes in Brokers’ Business. “THE WEEK'S IMPORTS OF DRY GOODS. On Change to-day flour was in fair demand and Cotton was in moderate demand at about previous The total imports of foreign dry goods at this gars for the week ending September 26, 1872, were HNPRAL OF THE TAXES ON BANKERS’ CAPITAL AND In pursuance of the amendments to the Internal | Northweste Revenue law adopted at the last session of Con- | fro st and, gress, tho tax on “borrowed” capital stands re- | St. are required only on the Ist of January and 1st of July in cach year, the tax being at the old rate of \ 1-24 per cent per month, or1 percent for the haif | Pacific Mail....... yeat on the monthly averages, On and after Tues- , day next, October 1, the stamp tax is repealed for SALES AT THE NEW YORK STOOK EXCHANGE, all documents and papers included tn the so-called except checks, drafts and orders, The stamp re- required in this case is, as before, two cents, The to this tax reads as follows Bank check, draft or order for the payment of any sum of money whatsoever, drawn upon any banker or trust company, or for any sum ex- Ing ten dollars drawn upon any other person or persons, companies or corporations, at sight or On aud after Tuesday, thercfore, the sales “tick- eta” accompanying deliveries of stocks and stock contracts will not require to be stamped. The brokers will not regret the cessation of a historical The money market was easy in the forenoon, fut gradually hardened until in the dealings at the board as bigh as 1-16a 4 was pald in a few in- per cent and the sidewalk market had adjourned some time, three o'clock the closing quotations betug4a 6 percent. The high rates referred to were obtained mostly for the carrying stocks, the regular dealings having been confined to a Gull and quoted 8 @ 12 per cent diseount for prime vas weak and lower on heavy sales of the bills of one of the leading drawers, which were advanced gainst the hypothecation of Pacific Mail stock and thrown upon the market to realize cash for the purpose of assisting the operations of the pool in | jy Gen bac gold b.. that stock. Prime sixty-day sterling sola at as low quarter per cent, and left off as follows :—Sterling, sixty days, commercial, 1063; a 10744; do., good to prime bavkers’, 107% a 1074; ; do., short sight, 1083; ®& 108%; Paris, sixty days, 5.40a5.85; do., short sight, 6.3134 @ 5.30; Prussian thalers, 703¢ @ 71%; Autwerp, 5.35 a 5.30; Switzerland, 5.35 a 6.30; Ham- burg, 35 a 3594; Amsterdam, 893.040; ¥rankfort, 403 @ 40% ; Bremen, 93% a 9414. The gold market was weak and during the fore- noon broke down from 114 to 11334, under a pres- sure of sales supposed at first to come from the clique whose change of front from the previous day, ‘when they were known to have locked up nearly two miliions of gold, occasioned the utmost sur- When, however, it was discovered that the sales of gold had been made by the Pacifie Mail pool in pursuance of the business of cashing the | sterling advanced to them by an English-American banking house, as narrated in the previous para- And gold recovered to 113%, closing pretty firm at ‘that price. The innocent members of the gold ‘olique stood “lookers on in Venice” as all this gold ‘was being disposed of, wondering at its source, and | ‘would not be believed by their partisans when as- s@urances were given to the contrary, and subjected themselves to @ general suspicion among their friends of having played the latter false, The Sub- ‘Treasury paid out $24,000 on account of interest | ‘and $7,000 on account of redeemed five-twenties, | The course of the market is shown In the table :— In the gold joan market the rates ranged from Mat to1-16 for borrowing. The operations of the Gold Exchange Bank were as follows :- Gold cleared Gold balance Currency balance At the close the rate for the use of gold to-mor- TOW Was quoted 1-04 @ 1-82 | Tho following were the bids jor the railroad a New York Cen 6's, 1988, New York Con oR, re. 3 New fork Gon $e, oud... 88 rie Lat i, extel Butt, N v" &E i, Hud Kiv 7's, ‘ada. ai s8c107 Hud Riv 7's, i, Gb. 103, wich Soa Nt st ae ¢ Cley & fol sink ta... Clev, 1 & Ane Dewolt, Mou eT "rol bas fon cake hore, con, Union Vac Ist m The Southern State bonds continued dull and The new Sonth Carolinas were rather better, the July bonds at 24 and the Octobers at The following were the closing quotations:—Ten- | 12%; Virginia, ex-conpon, 4434 a 50; do., registered | stock, old, 37 440; do. sixes, consolidated bon eights, 70 a 7! fives, 57 a 62: but Are Repulsed. funded, 48 a 52, GOVERNMENTS LOWER, Governments sympathized with gold, and de- clined +f @ Xf per cent, the 62's selling at as low as 114 for a small lot, The market was steady and Capital. quiet at the close, when the following quotations were made :—United States currency sixes, 112 a 112; do., 1881, registered, 114 a 114%; do., do., do., coupon, 11534 9 115%; do, five-twenties, regis- tered, May and November, 114 a 114, 1862, coupon, do., 114%; @ 11444; do. do., 1864, do., i do., 114% &@ 114545 do. do., 1865, do., do., 114% a 115; Mail Speculation. do. do., registered, January and July, 11336 a 113: do, do., 1865, coupon, do., 113% a 113: 1868, do., do., 0. ten-forties, registered, 107% a 103; do. do., coupon, 10774 a 108; do. fives, 1881, regis- tered, 110); a 110%; do. do., do., coupon, 110% a 1867, do., do., 11834 @ 11! no. Frmay, Sept. 27—6 P.M. Wheat and corn were active and firmer. The amount marketed was $3,071,498, BROKERS’ SALES. Nortiwestern preferred, oral its | Ohio ‘and Mississippi. Returns of ordinary capital and deposits Unton Pactii Cc. and L. tern Union SCHEDULE B, geo00 Us Bis era id, two cents, MONEY AS BEFORE. After two o'clock the rate receded to 4 per cent goid. Mercantile paper was FOREIGN EXCHANGE 1000 Mo O's, i'& StI Sou) Union Pac tae In. The nominal quotations were lowered a GOLD LOWER—I14 A 1134. THE CURRENT CHANGED GOLD FLUCTUATIONS. 15g ie 150, 000 1 "324 THE RAILROAD BONDS. nT) TU. 1g S95 Tol & Wab Istine Foy Wat. sBeLdis 83 fol & Wab Th as: . a a Gr West Ist Gt West 2d m, as Chie, R1& Ph Morris & Bases, 2 ‘ J Con Ist m, new. Pitts, EW 0 hic Cleyv & Pittscon # Cley & Pitts he] nm Cble & Alt « Chic & #t ta m | $1000 NY | “wow NY | boo con. W Virginka és, de 0 Un Vac Ist in S009 Un Pac W's, ine.. 794 Vig bBo 10 shs Fourth "kT 810 Facile Mail $8 Co- a bas. Gop , Chie €1 SOUTHERN SHCUNITIES DULL Ry ns 4 ex-coupon, 72), a72%; do, new, 124 a Te, i 10, do,, deferred scrip, 164 17; Georgia | Het sixes, 70 8 78; do, sevens, 85.987; Nortn Carotina, ex-coupon, 32 a 34; do., to North Carolina Railroad, 46/8 43; do., funding, 1566, 22 a 24; do. do., 1868, 20 23; do., new, 20 a 21; do., special tax, 10a 14; Missouri sixes, 923; a 92%; do., Hannibal and St. Joseph Railroad, 8944 8 91; Louisiana sixes, 53 a 56; do. new, 61. 65; do. levee sixes, 50a 55; do, do. do, do, do., 1975, 10 a 80; Alabama 3 do. eights, §2a 84; South Carolina sixes, 40 a 50; do. new, January and July, 24 8 2414; do. do., April and October, 25a 26; Arkansas sixes, STOOKS DULL AND STRONG. The stock market was unsettied, lower and aut Money Market. in the forenoon, but gradually developed strength, and closed with a firm tone and a general improve- tment in prices, The ‘bears’ by an early dash on Pacific Mail depressed that stock to 71%, but the “bulls,” getting the reinforcement of capital above referred to, ran the price up to 753, The rest of the market fluctuated in close sympathy with these changes, but in a less active degree. outsiders were disposea to “form a ring” Panama advanced to The stock was still Friday, Sept. 27—10:15 A. M. he eet c, "Ot. 1b.) us bi i 10 A, M.—Before Cal. 100 sha CER IRR. $00 Un Pac RR, an Bout tak Board—10:30 A. M. bal Gata Bye’ MBS Co. 100 Del, ai &WRR.. * yams and 2:15 P. pd Ub 5-20, ¢, '67.. Fass SaaS Tv cht wit 60) Ohio & Mise BR NYC Bi Riki NEW YORK HNRALD,-SATURDAY, SEPTHMBICE 28, 1872—TKIPLE SHERT, 4 H&E ij = HES oo Biter eat ieee 1s 1109 fay 200” * do -) 7 mr 300 = 1¢ 200 Ma By as" x8 M. 600 ahs West Un Tel. ha Oley & Pitts fem raston ibe gar men ces aranae By Ey vi ig Sin % 2000 3200 ~ $9 Tan EY F 700 s i 20 oop 20 oor; 100 > 1200 100 esesesae: do. Ohio & MRR. do. ZESSSSSSSSSSE SEES IES ELPA SESEE! Chie * ei T RR. SESeSSeee CLOSING PRICES—4 O'CLOOK P, M. Western Union. wee & O05 No Conteal Quicksilver, Rock Istand. {quicksilver pt. UP uh ‘ ite Pacitie halt... 23% tx NY Central. ah A 835¢ Erie. i Ss - es 0, Cat 0 Ri COMMERCIAL REPORT. Cotton in Limited Demand and About Steady; Receipta at the Port, 12,487 Bales—Flour in Fair Demand and Steady—Wheat and Corm Active and Firmer—Freights Decidedly Stronger— Coffee Quict—Sugar Fairly Active and Firm—Petroleum Dull—Pork and Lard Firm—Naval Stores Firmer—Metals Quict-Wool in Better Domand—Whis- key Eastor. a Boston, i & : Frroay, Sept. 27-6 P. M. A fair degree of activity prevatted in most departments of trade to-day, and, as agencral rule, prices were with- out espectal variation, There were some exceptions, however, and some commodities were altogether more freely dealt im at enhanced values, The move- ment in cotton continued on a moderate scale and rices were without especial attraction. At the Produce xchange the chief features were the greater firmnoss in breadstuffs and the attempted “corner” in lard, through which an effort was made to establish an advance of Sac. The gopmnee’ proved a Deriect fatlure, however, and the market closed dull at ye es, Flour was without oer change, but wh is fairly active for export and higher prices were Sie the market clos- g firm. Corn was also in active tal and higher, rs evinel continued | confidence denree of activity prevailed, there were compara: tively radical changes in es, In. the Brocery mar. ket he, v only new, feature noticeable was active {or raw sugar, ond large salow were mado wt full ficoen Patrolgume sonasinod ithe” come, conden itherto noticed. Navalstores underwent no materiat change, but under ry lemand the market was ve is there has been rf most attracted constderably more attention, but prices show no liuprove- ment. iskey was but litte sought after, and to-day was again easiér. The buoyancy and unwonted activity Inthe shipping business continued to. be. the most note- worthy feature of interest. Both freight room and ves sels tor charter continued scarce, and rates were still higher, the steamers for Liverpool obtatning the snug sum ot 124.'per standard bushel for grain. Asites.—Receipis since our last, 104packages. Th Temained steady at $825 for pots, but pearls contin. ued nominal, orLDING Maraniats.—There, has been less, inquiry for bricks during the past few learn of no ghange jn Hees; we quoto cargbe $5; Jersey, j, Haverstraw Bay, $7 a 12a $10, Rnd Philadelphia front, from yard, 840 n 84.” Lime ret matned steady, under a fair domanit; quoted at $135 for common and 79 for Lump, Cement was quict and un- changed; ndale quoted at $160 per bbl. Laths con. tinue g armahd at full former prices; sales a $250 for Eastern spruce, Canvies—The market wai rics uncha: Wo quote 8 patent do,, 42c. a 28c. a 20¢.; adaman- he c. nn ‘1o welst Corre market exhibited ‘no. new feature, ro- maining very quiet and unchan; vol e inary ea 43Z0, @. 180.4 fait do. 1Stuc. a ide. mn i Prime do, Ae. ‘a 17%c., gold, pr eguayes, = * sat Bt. Dyainge, 13 oy ett ic. Corrox.—Without material ra, 1. ge udtatons, the rket for spot cotton was quiet and in the iain some- it onsler. | Futuro deliveries were lew active and irregular, closing tame on s of 18 7-16. tor Decem- | Der Tho sales suin up as follow Day. Lan Boe'g. Taal,” 670 & Ms m Export Cousurm) Tot For tuture delivery t.asis low an tte nales have yeen as follows: Sales last evening witer three ¥. Sepember, at 18}ge, : HO AL 1 fc Janubey, 20 af i 5 200 at 18 15-16e, Siak i9e, ; Fel irunry, 200 af ati ges; Mare! 20856. 5 April Aes Sse. | "100 ry up to three September, 200 at 1324 Wa at 18%¢c., 100 Sy 3 $0 ae 200 at 1s) Seria 300 at 18 it 18 1d Ni cinber, ME gglrace§ Novem 200 at 1s) re ry, Le fabs 9 ola 1,900, ae Mts at the ports were ns + tullows;—Calveston, GH? halen; New Orleans is: Mo- bile, 366 van 4 wri Ci harloston, 1,56 429;'Noriotk, 1,633; New York, Total, 12,487; this day Rates on cotton ts closed firm as Tollow: erpool, by steam, gail, S-l6d a 34d. lavre, by steam, To Hamburg, by gold, ecm reste arts, by eal, ediierrativan ports, by steam! Aga.” We auote Uplada, Alarm week, 9,238; this day Inst year, 6, ¢ Ordinar, Good ordinar, Low middling. Good middling —The quotations are based on cotton in stores roming in quality not more than haif # grade above or below the de que ervouk aNd. GRAIN. Receipts Flour, 9,827 bh corn’ meal, 232" bis. duels; barley, 7,00 do. "The fldur market i rT a 18g 1 19 | abot Ibls., at prices within the range ot the a pended quotations. Corn meal continued In yioderate re- quest and firm Alxo 10 tons of Western yellow, in sacks, ai $1 20 r 1001 Ibs. hu quote :— aie 22 a * ~2 ~ e a3 is Superfine W Extra Wester Extra Minnesot Round hoop Ohio, ound ‘ihe Ves bien SESER SeoaSars00-2 Louis choise torn! Rye flour. Southern Southern Southern Southern family Gorn meal, Western Corn met Corn meal, Brandywine: Baltimore ea coon rere oa! SF SKSSSSASSSSUSSRASTETTSS & SESESSTSVS SESS NT emer SCN IOS ct 2 2S oe! eo. Fe —Wheat was fairly active, and ft the lower grades were dull. ‘The sales were. about 90,00) bushels at $1 45 a $1.47 for common Chicaxo sprin $15 for prin for No, 2 Milwaukee, $1 red Winter, si% 8175 Jor amber \ $2 for white. Corn was in goo cm closing at 66c. on the spot. Sales ‘about 240.008) bushels, Sos, 6O3e, for mixed, Ge for high tuk mie for yellow, WOK, for White, wa mixed, including in the sale 4), 00, hiahers deliverable last halt October at 67e. Oats wero a shade firmer on new | and quite active. The sales up about gs nD bushels ot 3c. a dle, for new black Western, 42e. ood to choice new ‘Western mixed, 45c. for ‘old Cis onixed State, afloat, . a de. for inferior to choice new white aud 47c. for choice new white cand Tooneal.” ly little accom- ye remained inaeti ~ Pee has been comparativ plished today in the line of berth treigi extreme ylews of shipowners and agents, who again de- manded higher rates. The high rate of 194, was paid for standard bushel on grain to sail rater Closed decidedly better. nis tor chatter were in tive request, and those offered were generally taken at asking. rates. Taken as a whole the market has been ac tive and deckledty stronger througtiaut,, The engage ments were :--To Liverpool, by steam els grain areta aga Pd andard bushel Thade’ Stall lots of provision by ‘soll $7,500 ‘bushels Of grain at in 104 liver, jo. do. at Wid a tiyd. doin: by anil, Ba tiereos Tard Rt 40s u 429. Glas 10) tots of measurement goods at 35s. To Stettin, by sail, 3a wi oa 8 . The charters inclide:—A Nor, ci fo, quarters grain to Cork for orders Soo) quarters, same vovag di rate iio luatrers, ame Yoyage 4 Seneca apneic EUROPEAN (AN MARKETS, a i Bas eh | dei nogaun Baiod ol Boece edroct vs sane woynee at Se oe “4 a patafian tee o is min abet oo real petrolen ry an Taian tit B, hencs Jaa 8 to 2 Gadel r on ane on iY Manure, peer ‘at equal to about yuew ave ‘a8, i sane tatiana’ brig: hence sea Gia 003. . 7-P, M.—Rent ‘Gus. —The market sho’ e conga 5 Fics mares nr ooalaal at tie ‘ar bee and axp Jurs.—The ieackbt fo Recap constnved very Cutiry at r-] mln p a at iy, te go. Sie nob ater pring ex ahtp at indy Rela art at oe att Ay or There has becn leas ualities have met wit Panis Bowser) tans 8 Ccretons ‘Bocuse States —— viaiees rca a oa ow inne ge tee a kM? AND 4s | quiet" and ae ae ‘tind ge wig ore ‘Jute was also @ learn of sales 7000 a bees Male 9).16d.; for November _—P. M.— Ut, Lig her quota. lea. ot ans Otens Rt ren nding easel, At MANCHESTER. —LiveRPoot, i and fwbrice at Manchester are dut IVERPOOL, Bueanstorys Manenr,—LiveRroot, P, M.—The recoipts of corn at this port for a ee 000 quarters, "ae hay ‘but Y prime ‘otail “AL pbb, oe e $i $1.05; retail lities, $1 20 aiipleat Weties Sunniih 2 ry quict. New hops are Dur at ie moment there ts no de- re unchanged and rom 25¢. ‘ing the past weck the market for hem- s has been amet, the demand being chiefly from the hom ‘The receipts for th nd 1,660 bales. 3 threo 0 days have been Wi The receipts of Hiteat at maneth turers for &d per cental for ped ‘O01. ae Ndaxer. i fr Waste Sept. Livenroou. Pronuce™, Mankkr,—Liverroor., Sept, 27— tance oll, £37 per ton. Tatiow, 44s. NO! Mari ae LONDON, Sept. 27—Even- ba ee oil, ‘£30 15s. @ £37 per tor ETROLRUM MARKET, ANTWERP, Sopt. 27.—Petroleum, 43)6¢. tor One pate American, meat are as Polls ANE Light backs, 430. a 45c. middie eats Sse ci sides, 88. ee ides, 87¢, a 39c, Rough"Rou = Se, Soe ih OMK. Bc. & Be, re ‘animation, and dui beet ae —T0 INVESTORS, To those who have funds to tnvost in large or small amounts, or who wish to increase their income from means already invested in other less profttable securities, we recommend, after full in’ Gold Bonds of tho Northern Bearlng seven and three-tonths per cent gold interest (equal now to 8% currency), and sold at par, they yield an income considerably more than one-third greater than United States fve-twenties, They are coupon and regis- tered, the lowest denomination being $100, the highest ie ‘past three mined yen ae Begin and bral Sigher ne oes ot lant, ht quoted int $0) for, Colt, wr Glengarnock al for tn nen angecea iron was quict and ‘$57 for Ni ‘$53 a B54 tor N been na ‘on the other mas at ‘devidedly and for next year's d 108 Garter gation, the Soven-Thirty cific Railroad Company. fons of wrought scrap from ron, ex ship, sold on her metals were dull aud without report oLssses.—The market still remained very quict. but for fo eign, without, how- Domestic sold atpriecs within to range of the We quote M there was a trifle more tnauir; ouly’in w Jobbing way appended quota ‘Olt be si-cey hacoslayc and anlnes ae: a Nearly one-third of the main line of the road will he completed and in operation with a largo business the Present season. All the property and rights of the com- pany, including @ most valuable lend grant, averaging ‘About 28,000 acres per mile of road, are pledgod as security for the first mortgago bonds now offered. All marketable stocks ami bonds are received In ex change at current pricos. De ‘We. Navat Bron ior apiviis turpeutine the deinsinl was tthe market very firm, closing at about 64c, Wo hear of salos of 100 bbls. on the doc New York bbls. at Se. Rosin was in movorately fai d and firm, closing with $4 {9 bid for strained. only moderate, nave been a bbls. sirained at 4 pmmaag do. ut $4 25 d pitch wore qui = No. 2 at $4 O25, 5 Insced continued to sell moderately from crush- ‘h hands at steady prices. Whal quiet and unchanged. Lard oll was in fair demand at tuil prices. Menhadon remagned scarce and very strong. Pei ta hitter kt #. Descriptive pamphlets and maps, showing route of road, connections, tributary, country, &c., will be furnished on application, AY COOKE & CO., _New York, Philadelphia and Washington. .—The market for refned still ull And nominally unchapged; quoted. at 24¢c or remainder of aionth. but there was httle or ‘nothing "offering amin shupping order, at aboit Ibo, A240. Naphtha was Inacttve but alsy. fet Tiger a Tce. Nor Wealern DF Gity. At the Crouk ihe out reporie! change ‘the Philndeipiiia macket te. Refined quoted . and no demand. Pork 6 bbls. ¢ cut iments pock ierees and 68 kegs, steady, but closed with more Salen 2 bis. aapectit brand, $00 bbls. for November at Ag AND 62 NKW BOWERY, oe deposited om Gg a Setore ‘Ootober 1 will receive in- 4 Wit BR COMPUTED MONTHLY on suns of ri ‘and upwards, bs CMATUAS SUA Inarket remained. quiet. wid from previous quotations. mained entirely there was nothing ofterti tions. Itecel ty ard. 301 bbls. ai 48 pork contin First Morlgage Seven per Cent Goid Bonds of the Danville and Vincennes Railroad at {nd 600 bbls last evening | wilt have the advautngo of the premium ow the gold acon continue ‘i ° aly of sales of 160 boxes long cl Doxes part long Aud. short juoted for that Ry. ce Dressed ozs were & shade ty heavy ia for mess, e mess tiercos, 18 sold inn ‘inal i i coupon payable on that day, As the road is now earning A dividend on its stock as well. there is no better investment, Apply to W. B, SHATTUC| _ Bankers, 28 Nasanti street, New York. 4 | (Has aA 8A B OF THE CITY OF NEW YORK. puted from the Istof cach month, x credited on balance repeat in Bank January L ily Lofeach yen: r at rate of Interest Six Money deposited now wil grate aeraend. we hear Interest on its bonds, eer Ferns ie, it 12 for exten do., $13 ‘efor pri pout 39 bbls. at from wete rather more sought at smoked hains at 1534 v2 pieied ‘to. Jo. shoulders at 80 aizo, for smoked Thai, Bio. ickled Hams and is i—Tho market for the market ‘Stbetitg "drm at for do, shoulders, bear Tnterest from Octo- Bank, 58 Bowery, southweat corner of Canal street; oven every day from 10 A. M. to 3 a open on Mondays and Saturdays until Bank Books in English, Gerinan nnd Pron A. QUINTARD, P close was about the samo tha) will rema LOW) tierces sold for October at” January at the same figure. ‘about 159 tierces Protient hac. a 8 Rick, was in moderate den 5 9 tierces Carolina at 45 ‘and 200 bags Kangoon at jaan—Lhere has been a vory large bu ness consty mated to-day in raw sugar, the salos agureg cy’ iar was qu _ Seymour A, Bunce, Secretar, URRAY HILL BANK, at une Hanged prices, 4 $6., 00 bags Patun at ‘orn, Sept. 24, 1872, yine,Directors of this bank re this'day able on and a iend of $4 per share, MI be blosed from date to Ist he Lransier book! a were y vers: drm moral not quotably I i tet and Orin at 11 RS' SAVING INS: STITUTION Maes ics AN D TRADI more huss to common, ne, 2 Bowery, near Uonston street, n 7 Havana Boxes Dutch stand 6 t0 15, ite, ma ils % N KW YORK VOAN AND INDEMNITY. De. Linseed remained quiet: “lover continued st corner of Barclay street, TALLOW Was a. shade castor, Dut’ not banat, lower; by. at Ye. @ Ye. tor prime country and city} extra cholce ei sity 1 market has been very quict since our nol no miatertat PITAL, $1,000,000, capital of this Comy pscribved. the remaining $30),000 ly ‘ofterad to "cay talisis aad the bussiness publ Subscription books will be opened on MONDAY, SEPTEMBER 2, One half the suthort ptions, yet we les SH) cased of 6 oF mew crop, mont The market was quiet an easier; ales 10 bole at Bde. a Woo..—Since our last report there erably more doing, but the sales, as a general thing, havo been contined to snail lots. There are a number ot in: facturers in the market who show a willinguoss to buy hut theit bids are generally constic hear of sales of 5,000 do, tleece | ats Bic. as been consi. the views of holde: scoured at soe. a 9 as above, and at the ational Park Bank. ‘orporation is unusually 0,000 Wp. Texas, 25 bales Cape’ at 3 5 WOW do. sity 20,000 do. ead Wool, ‘on DOMESTIO MAI MARKETS, Gatvastox, Sept. 27, 1872 13,689, Week! The charter of authorizing the tran GENERAL BANKING BUSINESS, as well as that usually carried on by Trust, Safe Deposit 1 Warehouse Companies, Permanent organization of the Board will be effected When the ful! capital pat have been subscribed. g 0. I ust, a 1250 “bates. Grand | {iinington, | bat New. Ona, Sept. 27, 1872, e otto lose active 3 prices ea io Great Britain, INTERNATIONAL, ot Texas, 52 Wall street.—New York, Sept. por ta, to rest Britain, 1, 10 the Continent, 3,751; coustwise, beth sales, 14,300, LR, Sept, ah 1872, Coiton firm ; offerings Tight Tow mnitdiings)t midalings, I3%c. 00: stow, 8,001, Weekly not re A034 bales; exports, coastwise, 41 Savaswam, Sept. mladtinngs, 1s 4407 bales: exports coastwvise, New Onteaue. Texas, | ‘he coupons of the first mortcage bonds of ae bon pany, falling due on the ist of October, 1872, wi id, on and. pice that date, at the National ¢ Hig Sphuke Be Wall street, New Yor! , SANFORD BARNES, President. STAMPS—ALI KI Stamped Documents, other Certificates, Insurance Currency (at low rate: Cotton firm and in good dema sales 1,000; tov tuled steady under an sdethte’ inguiry for consumption | 8'8 19480 knots Congtwite 7,997; 8 pment the sales, comprising ail kinds, uot up | “Rosin fen at $4 for OF GEORGIA SIX PER © Bonds wanted.—Particuiar attenti collection of Coupons, &e., executed at Block, eee at lot $e given to the | 2 throughout ‘the South. | Hage or some other application of s est commission. Of sales of 260 bbls. Brandywine | 7.84" 85 Bp jor yellow dip atid virainn Tar ncady at Louievinux, Sept, 27, 1872 Tobacco unchanged ; sales, 27 bh on ant imports—Flour, 000 bist wheat. 2eig Bishelss Feet, corner Se hatent. 63,200 ‘bushels; Wheat, 58,95) b 14,939 bushels; ake Shipments trom clevators—Wheat, his ner cone ini Money deposited maw will ear Ingrest {on October. 1. anal shipments. Poets “bushels; ANTED—A FEW es; one to two years to run, an same may call at 54 Wall street, room I ANTED-815,00 ON FIRST CLASS MORTOA ime to reimburse the rinount to suit the mortgagee, hone but prine:pals, nee rite wishing to ‘: 25. a ‘s Be balers plying the demand; Corn fies ai “from: ‘one to three vears; Aditress, with terms, 2: 000% Mi v Hill, between URTIS, box 1,655 Post off TO LOAN—ON WESTCID ty property, on fr B, BURKE, box 14 Herald ofr TO LOAN-IN SUMS TO BUTT Brookivn and Wesiche anty Property; algo funds to purchase Second Mort: | “StireMAN. BROTHERS, No. 8 Pine street, basement. LOAN—ON | FER: ‘w York city ond ‘Trooklen A ales of ry 000 bushels ai held at 38. Balance of markets wha Flour steady; sales 1,890 bbls. at $8 Bor § $0 29, for amber Winter SOND MORTGAGE FOR BALE, | discount, on brown stone house on ich and sixth avenues, $10 for white Winter; $10 OO tor inactive and onchang Tote'at oer Stren ap Lake Canada at $1 05, tor unbolted, per cwt. shipstufts, $2); Caml freights—Bouts scarce: barley to New umber, $4 to the Hudsor his=Klonr, Oe, to Boston, We. to New York, lake—5,30) bushels wheat, wales fo bush- }, $1 49 tor bolted, anged ; shorts, h to New York. face 000 } Carns © ita “Powe WATTERS, Tue following general order was issued yester- e by Superintendent Kelso :— olution of the Board of Pol Sergeants and eurgeons ot puulve Flour quiet and unchanged. Wheat pr ai ad rty pur sctyeas Ao 4 Spring, $1 26a $1 1; No, 8, etaeti eye. last half of O ‘Oats in fair demand and lower: jected, 200. & Zhe. y opened hiche: Kye ate ane ‘wea I, 7.5 © lose i day to the for sand sergoants, when any member Iminediately send to fet coniaining the Such notice to be owing to the | | ofthe command fhe surgeon a written not! | ‘name and residence of the sick wnat ited by means Independent of the « SUrZCONS ON Feeelving Notice han Has reported sick, will Immediately wislt and and care of the * Bas on, nowinal. ‘Srele ghts fem; vosac! haftalo, tee, 40 Kin ston, Be ge 6,000 bbls. ‘Howe, 132,900 hi do oats, 9000 do. Fre, 28,00 do. bar 2,00) do. a 700") do. barley. ake professional charge COTTON RECEIPTS. The following fre the ‘Omber 1, 72 more frequent | Visits the condition of t when a aick pol | verity as ie able t perform the pote d, it is the duty of the surgeon to give to the fo report at his station hows ring hot of six o'cloe far restored. to duties to which tal net receipts of colton siace a written notice that ihe liceman has been ordered to report for duty, stating hour at which he Is to report. Such notieg to 4 ans independent of the oflcer ordere iniso to transmit to the enya | transmitted b; | ta xoport for d ourtic Vat any sudstitntion of vbsite br tua stele potion. tann to the surge reeepl by leave "ot o be granted in # 9 8 ES CS ee ae a WATIR VERSUS STEAM. The Erle Manali the Life of Now York Folly of its Proposed Disturbance— Cheap Transit Necessary to the Prow Pperity of New York. Borrato, Sept. 26, 1878, To ras Eprron or tas HewaLp:—_ The gist of the argument advanced by your ree Spected correspondent, Mr. Waddell, favor of turning the Erte Canal {nto ® ratiroad, is that as by water carriage via the St..Lawrence, and Isng@ carriage by the Canadian and other rafiroads, @ considerable portion of the trade that would have come to New York, if the canal had rematned thet only way of bringing Grain frony the West to the ‘Northern Atlantic coast, is now sent to other cities. Our water-way shall be dried up and mader info a railroad, and we shall rely thenceforth solely on railroads, leaving the Canadians to com- tend with us not only by their rattroads, but sisor by retaining and improving their canals, as they have lately begua to do, by enormous expendi- tures, thus giving them double means of competing” with us. This would be cutting off the branch op which the internal commerce of the city and State of New York is mainly supported, The canal, by continuing water communt- cation from the Hudson to the great lakes, not only brings tothe city of New York far more freight than ts brought by any other channel, but u® the great regulator and cheapener of freight on the chief necessary articles of life from the West to the metropolis, If it had led to Boston of Philadelphia one of those places: would have been the commer- clal metropolis of the Unton, What it was in the beginning tt yet continues to a great extent to bar Other cities have railroads, as we have, A few companies control these roads; none but these few companies can run & car or carry @ bushel of gratm on them, but the canal ts freely open to all comers ant the reaulting competition is of the greatest posaible value to the Western producer and the people in this State and elsewhere, asia clearty seen by many facts, one of which, itvelf suMoien® proof for the wise, is the invariable increase in the rate of freight every season a4 soon as the canal i closed. Let us not lose ourselves by superfictal consideration of isolated details. The great im- portance of the subject demands views at one accurate and comprehenalve. ‘The Central Ratiroad already rung as. noart, Ps adie along tho line of the canal and Mr. dell’s get egy road. pee It deviates from t! course: change made — only ba sake of wo Cons: Al advantages, Mr, Wi mey reply that it carries passengers as welt freight, and that he means the canal to be chang: into a railroad used exclusively for freight, and ‘Os which freight shail be the paramount object. B: this answer availa nothing, for the owners of th» Central are already engaged in making two othes Lracks to be used gxclosively for freight, as his pro- posed road would be. Besides the Central we have. already the Erle Road, the Midland, the New Yor West Shore and Chicago and the Buitalo, New Y: and Philadelphia—all now or soon to be completed—+ from the great lakes to New York, thus giving ua no less than five roads competing for Westerm trade, through this State, between the proposed termini of the proposed’ dug-out, No proposal would be hailed more gladiy by the owners of hel roads than that of drying up this cheap and cht competitor, if it were only possible that the People of the State couid be induced to support the aol Mr, Waddell takes for granted that the bed of ‘the canal would be an excetient location for a railroad. He thinks go all the more because it would be “dug-out.”” The running of cars slong the bottom. an tien cut, made On purpose to hold water, might, to a considerable extent, obviated by drainage, steam-pumping, &c., in Summer: but there cam acurcely be @ more effectual arrangement for ime- eding railway trafic about half the year or ae ing the snow. Having convorsed on this por! heretofore with some of the best known and enost informed engineers of the State, I find that they regard this objection as absolutely fatal to tue scheme now once more lald before the publte, od ‘The tnstance brought forward by Mr. Waddell acanal pear Binghamton which could not come pete with @ railroad for the carriage of coal from Pennsylvania is entirely destitute of force with re- gera to the Nelo Cani A moment's reflection wilk slow any candid man that the nature of thé surface to be travelled over must be considered if @ fate conclusion is $0 be reached. I should not recom- mend running a canal over the Rocky Mountains, Wherever a lock is necessary every half mile or other short distance # railroad with a series ofeasy rades will beat a canal; but in a level country like Juiland or that of the natural fans through whiet the Erie Canal passes a very different pinnleses. exists and a different conclusion is correct, My reply to his argument on this point 1s not merely theoretical. His Binghamton canal — he says, through competition with a railroad; the Frio Canal has always more than held its ¢ pa | in competition with several ratlroads ever since they were made. Boni periods of five years, thd amount of freight carried on it has not diminished, | but increased. The report made by the State Aa-* ditor in 1871--the lateat I have—shows that in the five years then ended the tonnage of the canal was much greater than tn any other similar period (rom. the beginning until the war, when, by the stoppag@ of Southern rou! and other causes, an excep- tional condition ex ¥ 4 The average cost of carrying a ton fora mile on the Centrat Road in 1870 was $1 86, wile on the it waa ye 28 oven the railros and 92¢ tor's Re Mr. eint Ww" hamton tion wb r mone Erte Cai. « all taat i besides increasing State reveuue sas directly by mu tiplying literally more than @ hun- dred fold the value of the taxable pro rty tn the State, ag all who know the histor New York will readily admit, Analyze canal finances dis- tinguish between such canals as Mr, Waddelt meang—works which require large annual ex- enses, some of which are in no year repala— canals which are yearly Kare ta less and less productive, and wilt continue to do so, as dairy and other products of the field, seeking rail for transit, take the place of those of the A trons forest, for which cheap though not igs Pg is the most profitable. As long ago Erie canal had not only paid for itsolh,t butt Ted batance to its credit of $41,436,490 64. Yet an ordk. nary reader would be led by Mr, Waddell’s rhetorte to suppose there was a fiscal deficiency of $6,000,000 or $7,000,000 tor this canal. Let thg distiuctions between the healthy, remu- nerative water thoroughfares to the | of and | those canals which never paid and never will | be always borne ia mind. If by substituting | roads for the worst of these lateral canals, or any | other process, the people along their lines can be induced to tax the State at large no longer for their special benefit, a very great pibilcwervlee will be rendered; and I do not regard that task as 83; perhaps it may be worked out by some ati tion from Waddell’s plan, The policy which will best enable the city ang State au New York to retain in their possession. the great prize of Western trade is to reduce oT Also | tolls us far and as fast as the finam Di aod | skilfully and economicaily ad permit; to create additional facil age by means of “turnable gates,” as has eee been recommended by bigh oilcial authority, to mprove the rate of transit cither by cable ton | Already on some parts o the canal fora at di | tance boats can be drawn by cable at the rate of | three miles an hour, or donble the usual speed. | | It 13 absolutely essential for the snecess of all other Pg of imprvement that the canal throughout its whole et shail be of not less than the legality required depth of seven feet in the centre and ealdes. In many piaces it is less than six fees and a half, and of course boats can only ae the quuntity they can carry over the shallowest Let the Stuté attend to these points as carefully as an individual in his own business would do, and the trip to New York from Lake Erie can be reduced from twelve to seven days, and the cost of freight diminished to an extent vow little appreciated. Thope that Mr. Waddell will oa reflection modity | his opinions, the expression ot which tends to | frighten capltal and civert it from the proper poin& | ata critical period in the alfairs of our State, Yours Ioana ROBERT HADFIELD, | ALLEGED MURDERERS | BAILED 1N NEWARK, In the Essex County “Court yesterday Judge | Depue admitted to bail in the sum of $5,000 James. | Welch, who, according to the verdict of the | Coroner's jury, caused the death of one Charles. Coyle, His alleged accomplices, Daniel Keunedy, | John Cassidy and Michael Weich, have also veem ltbe on ball. | | | POLITICAL. iA ING OF THE CETIZENS OF THE nd ward, held at the Monroe House, SL Aitten second street, on Thursday evening, Sept. the joliowing gentlemen were elected as permanent | officers of the organization :—Daniel Culhane, President; | John Anderson, Vice resident Pots 4. Malone, Secre= Jominick Mal urer; William Mebon ny, euntutArms. Over eighty members signed d the folks every one of whom pledged himself to the earnest port of the Hon, danies O'Brien for the Mayoralt: | city and county of New York, followlng ppolnted as delogates to the contral | John Graham, James Curtin, Win Hang Higgins and Peter A. Malone, atter whic! the sept a ae fgurned to meet on Saturday evening, te 2 fonroe House, 613 West Filty second si JANPAIGN GOODS SOLD AT THR LowneT OAste prices; on ‘hand aud made to order i Gail awd chamine Nera bunts ee ee HULK & CO. 06 Sotin stecot, pon L PRINTING OF EVERY DESCRIPTION. Mone at shoxt notice by the Metropolitan Printi neal orner of Broadway and Ann seeeey NO © x | pt cae Kt LANTERNS, FLAGS, AC, AT @, BRURCENS Ti Warrou street } ; i —————