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

10 FINANCLAL AND COMMERCIAL. —__+—_— THE TREASURY VERSUS THE CLIQUES. Seeretary Boutwell Sells Five Millions of Gold and Buys Five Millions of Bonds, DISPROPORTIONATE RESULTS. Gold Falls Only One and a Half Per Cent. Money Opens at 8 Per Cent, Rises to 52 Per Cent and Closes at 22 1-2 Per Cent, Contribution of Ten Millions to the Re- serve of the Banks, The Full Effect of the Government Relief Not Felt Yesterday. Only Six Hundred Thousand Dollars Dis- bursed from the Sub-Treasury. The Tight-Money Clique Play the Frenchman’s Flea. OUT OF THE MARKET LAST WEEK The Brobdingnag Foot of Uncle Sam Falls on Vacant Ground. The Liliputian “Bears” the Only Victims. Grumbling at the Favors Shown the “Administration Clique.” RAPID RISE IN FOREIGN EXCHANGE. Active Advance in Pacific Mail and West- ern Union Telegraph. WALL STREET, } MONDAY, Oct. 76 P.M. ‘On ’hange to-day cotton was quiet and easy for “spot” and active, but lower for “future.” Flour ‘Was irregular, being easier for some descriptions. ‘Wheat was firmer, while corn was a shade easier, COMPARISON OF THE IMPORTS. The following shows the imports, exclusive of Specie, at the port of New York for the week end- §ng October 7, and since the beginning of the year:— - millions of gold to the resources of the banks. #8nt the plan adopted and purgned gives the banks the fall benefit both of the five millions of gold and of the currency disbursed in purchase of the five mil- lions of five-twenties. In other words, the capacity of the banks to accommodate borrowers 1s enlarged to the extent of nearly forty millions of dollars, the addition of over ten millions to their legal reserve enabling them to give credit on their books to nearly four times the latter amount. Of course, every broker and speculator who read the papers this morning came fying down to the street, and THE OPENING OF THE BOARDS witnessed scenes of unusual excitement, The ‘‘bear’’ clique, whose good luck seems not to have entirely abandoned them, happened to have largely closed their short interest in the stock market toward the close of last week, so" that the first balloon-like rise of prices this forenoon caused them tess loss than it would had they not taken time so promptly by the forelock when their spies brought word last week of the coup d’¢tat preparing at Washington, As for their interest in the gold market, that, too, is believed to have been greatly diminished, the rise to 11544 on Thursday last having been a feint under which they sold pretty mearly all their hold- ings of the precious metal, Still there were “BEARS” ENOUGH among the outsiders, and these luckless specu- lators nervously ordered the covering of their “short” contracts, the purchases for their account causing a rapid upward turn in the very frst half hodr of business. Indeed, a new level of prices was established from the beginning of business, almost everything starting of about a half per cent over the closing figures of Saturday afternoon, The ad- vance brought out sales, and many conservative people were found at the same time who began to condemn the interference of the government as very ill-advised and as sure to bring about reaction against its well-meant purpose, as did the pardon of Yerkes against THE CHANCES OF HARTRANFT, Indeed, the unfairness of the government in aiding One side or the other of the speculators obscured the honest intentions of Mr. Boutwell in coming to the relief of the merchants and business men of the city, especially as it was known that the step taken to-day was advised by aclique of men operating for @ rise in stocks anda fall in gold, to whom ita adoption must have been known on Saturday when they bought stocks and sold gold to an extent which could have been predicated only upon a cer- tain foreknowledge of the operations of the Treas: ury Department to-day. It will have been A MISTAKEN POLICY should the wilful interference of Mr. Boutwell in behalf of one set of speculators injure the cause of the administration between this date and Novem- ber 6. As for Pennsylvania, it is too late to enter the canvass there unless with the first flush of its apparent breaking up of the monetary stringency in Wall street. The reaction from it later on will be more or less, according as the resuit_ shall justify it with the public generally. Should easy money come ofit, which many doubt, the relief will cause forgetfulness of the stringency and THE PUBLIC WILL CONDEMN in their ease and leisure what they thought per- Sectly proper in their time of hardship and distress, On the other hand, should money pursue the tenor of its way and continue stringent the administra- tion would be laughed at for their puny efforts to sway with a few millions of dollars the course of the millions and millions of dollars which consti- tute the capital of the enormous enterprise and in- dustry so energetically active at this season of the year. So faras the money market was concerned to-day there was little abatement of the distress, although we must make allowance for the fact that only six hundred thousand dollars of THE TEN MILLIONS tound its way into the street this afternoon in time to help the money market. The fair test of the dir- bursement will be had to-morrow, or ought to be, ‘The rate on call opened at 7 per cent, gold, equiva- lent to about 8 per cent per annum, the first lend- ers being parties who anticipated too enthusias- tically the effect of the Treasury operation, From this figure there was a gradual advance to % per cent and interest, equivalent to 52 per cent per an- num, which was the rate at three o’clock. In the later dealings there was a relaxation to 1-32 per cent, the fair average of the day’s business having been 1-16 per cent, equivalent to 1870, as. $2,871,801 4,186,277 $7,058,078 $7,033,388 $8,644,238 Prev. reported.. 224,450,544 203,312,430 334,579,173 Since Jan. 1... $231,508,622 $30,345,818 $243,223,411 The Wall street markets were excitea and fever- th all day in consequence of the sudden INTERVENTION OF THE TREASURY Department to relieve the money market. It will be remembered that a number of rumors of in- tended government interference were atloat on Saturday afternoon in the strect, and among them one that the government contemplated ‘transferring ten millions of dollars to the desig- mated national bank depositories of the United States im this city, and thus fortifying the reserves of the banks sufiiciently to enabie a dis- aolution of the stringency in the money market, The law preventing the making of deposits in na- tional banks in places where there are Sub-Trea- suries was urged as an obstacle to this plan; but it seems that the law does not prevent the govern- ment itself from placing the moneys of the Treasury im the national banks, and is intended as a re- Straint only u on gove ment omicials riving money ip ‘éalities where Sub-Tréasuries are estab- lished, The newspapers this morning and THE BULLETIN AT THE SUB-TREASURY wave definite form at length to these various ru- mors avd verified the more specific report that the government intended to ease the market by the disbursement of ten millions of dollars, which it will bé seen, further on, has been the result of to-day’s doings at the Sub-Treasury, The notice on ‘the bulletin was as foliows:— UNITED STATES SUB-TREASURY, Ww YORK, Oct. 7, 1872 Notice is hereby given that, by order of the Secre- lary of the Treasury, bids for $5,000,000, gold, and offérs for $5,000,000, bonds, will bé received at’ this office up to twe! Dids and offers will be opened and awards made, The rules governing the usual weekly sales and purchases will be observed in the sales and pur- chases to-day. THOMAS HILLHOUSE, United States Assistant Treasurer, Atthe hour of noon, when the bids and offers ‘were opened, THE RESULT ofthe invitation to sell bonds and buy gold was found to be as follows :— The bids for gold called for the extraordinary Total of $17,679,000, and the prices offered ranged from 111 to 113.05, The offerings of bonds amounted to $7,054,400, at prices ranging, ex interest, from 112.74 to 115, The awards were made as follows :—$5,000,000 of gold at 113.05 a 112.74, and $5,000,000 of bonds at 412.74 @ 112.99, In buying the bonds the Sub-Treasury PAID OUT GREENBACKS, ‘Or Will pay out that kind of currency, the amount ef bonds sent in up to the close of business faving been only half a million, On the other hand, the Sub-Treasury will accept in payment of the gold sold to-day certificates of deposit in the four designated government depositories in this city—viz., the Bank of Commerce and the Fourth National Bank for the lower part of the city, and the Central National Bank,and the Second Na- tonal Bank for the district above Canal street. Up to the close Of business this evening the buyers of the gold had taken out only one hundred thousand | Sollars out of the five millions. As@ PIECE OF FINESSE on the part of the Treasury officials, the pro- gramme carried out to-day has been an eminent Success and looks as if it had been suggested by parties intimately acquainted with the banking Movement and money market in this city, When the transaction shall have been completed, ait doubtless will be at an carly hour to-morrow, the banks will be richer in their reserves by the sum of fully ten and a half millions of dollars, made up of ‘the five millions of gold in one part and of the greenback equivalent of the five millions of bonds in the other. Before it was known that the Sub- Treasury would accept certificates of deposit in payment of the gold offered for sale, the caicula- tion had been made that the FORTIFICATION OF RESERVE Would be only such ag resulted Srom adding five 2236 PER CENT PER ANNUM. There wag at the same time @ more active inquiry for mercantile paper, bug the best names were not negotiable at better than 1 per cent a month dis- count. With the help afforded to the banks to- day there is, however, a strong probability that a good deal of paper can be pluced at bank which has been seeking negotiation in the street, so that the mercantile interest is likely to experience much needed relief both up town and down town. The results of the Treasury coup d'état are also o’clock noon to-day, when the | seen in aremarkable advance in the foreign ex- changes consequent upon the fall in gold and the belief that the gold clique have been broken up, The RISE IN STERLING for the day has been % per cent—viz., from 10744 | to 108 for prime sixty day and 108% to 100% for | sight bills on London, where the money market is, | surthermore, reported quite active, with anticipa- tions of a further advance on the Bank of England rate on Thursday next or sooner. The following were the closing quotations of foreign exchange :— ' Sterling, § pixty days, commercial, 1073, a 107 fo. good to primé ankers’, 1077 @ 108; do., short sight, 1094 a109%; Paris, sixty days, “a 6.8334; do., short sight, 5.28% a 6.28:4; Prussian thalers, 703, a 71)4; Antwerp, 5.3245 a 5.2614; Switz. erland, 5.3114 a ‘4; Hamburg, 36: sterdam, 593g a 404; ‘ankfort, 40}, 41; Bremen, 94 a 04K. THE GOLD MARKET opened ata full decline of one per cent from the last price of Saturday, and wavered between 112% and 113}, until the Treasury award was fully an- 112%, with a reaction at the close to 112%, The large clearances below show the heavy transac- tions of Saturday, when the “administration clique”? were selling on private advices of Mr. Boutwell’s intentions, The course of the market is shown In the tabi 112% + 112% » 12% 7 per cent for carrying to operations of the Gold 1-64 {i xchan; borrowing. The lows :— Gold cleared.. $93,942,000 Gold balances 651,164 Currency balances. 8,081,203 GOVERNMENT BONDS were buoyant and higher under the removal from market of 60 large an amount as five millions of | the five-twenties, an influence which more than counterbalanced the lower premium on gold and left prices at the close with am advance of 4 @ S% per cent on the final quotations of Saturday. ‘The following were the last prices:—United States currency #ixes, 111), a111%; do, do,, 1881, regis- tered, 113% @ 114; do, do., coupon, 1154 a 116; do. five-twenties, registered, May and November, 112% @ 11244; do. do., 1862, coupon, do., 115% a 115% 3 0. do., 1864, do. do., 115% 0.115%; do. do., 1865, do. do., 11574 @ 115% ; do. do., 1867, registered, January and July, 114% a 114%; do. do., 1865, coupon, do., 114% @114%% ; do. do., 1867, do. do., 114% | @ 114%; do. do., 1868, do. do., 114% 8 114%; do. ten- forties, registered, 107% a 108; do. do., coupon, 107% @ 108; do. fives of 1881, registered, 11034 a 111; do. do., coupon, 1105, a 111. THE STATE BONDS ‘were neglected in the excitement attending deal- ings elsewhere, but prices were nominally steady and closed as follows :—Tennessee, ex coupon, 72% a 72% ; do. new, 72 a72% ; Virginia, ex coupon, 44a 50; do., sixes, conBolidated bonds, 6044 a 51; do., sixes, | deferred scrip, 15 a 16; Georgia sixes, 70 a 75; do. do., new, 19 @ 21; do., special tax, 10 a 14; Missouri sixes, 92 a 924; do., Hannibal and St, Joseph, 89% a 904; Louisiana sixes, 528 56; do. levee sixes, 50a 00; do. do, eights, 70476; Alabama fives, 58 a 62; do. eights, 80 a #5; South Carolina sixes, 45 a 55; do., new, January and July, 2346 a 24; do, do., April 26 8 3556; AM- nounced, when there ensued a further decline to | In the gold loan market the rates ranged from | Bank were as fol- | | sevens, 86@ 88; North Carolina 6x coupon, 31 a 94; | and October, 24 a 26; Arkansas sixes, funded, 48 ab PACIFIC MAIL AND WESTERN UNION Were the conspicuous and strongest features of the stock market, the former rising to 785; and the lat- ter to 72%, and both holding to the close pretty nearly the whole of the day’s improvement. The others won their advance early in the forenoon and thenceforward were less tenacious of their rise, the market toward midday settling back quite smartly from the first sharp advance and sympa- thizing afterward rather with the two features spe- cified than improving from inherent firmness, In- deed, for the general market it was “‘a great cry and \ttle wool,” the closing activity in money sub- duing the ardor of the “bulls,” although it was too early to TRY CONCLUSIONS with the “bears” until the whole ten millions of money had been disbursed from the Treasury. For the latter reason the morrow is likely to see a more active struggle between the rival sides of specula- tion in the stock market, if indeed there be any “beara” left after the demonstration of the Treasury to fight the upward progress of prices, Meantime the Pennsylvania election will come in as an ad- ditional element to confuse the solution of the speculative problem, and barring that, the still later Political contest in November. With these nu- merous influences tle next month is destined to witness a lively time in Wall street. In contradis- tinction to the general tenor of prices to-day, BRIS WAS WEAK and gradually went down as the others went up, experiencing for the day a decline of fully one per cent. Northwestern also ‘‘baulked,” and after run- ning along quite smoothly with the general ist turned about and undid pretty nearly all the improvement it experienced in the early tidal wave that swept it up to 72, The earnings of the Ohio and Mississippi Railway for the month of Septem- ber were, in 1872, $356,232, and in 1871 $321,352, an increase this year of $34,880. The argument in the injunction case of the Lackawanna against the New Jersey Central Railroad, at Newark to-day, de- veloped the fact that the contract of consolidation had not been recorded, as required by the statutes of New Jersey, and was, therefore, void. The New Jersey Central stockholders feel sanguine of win- ning their side, and the shares advanced to 103, while Lackawanna remained at 94 a 95, HIGHEST AND LOWEST PRICES, The following table shows the highest and lowest prices of the principal stocks during the day :— Highest, pei me York Central... & 884 69, oo 72 10% Northwestern Pp 86. 8614 ‘ock Island (eX div.) 10654 106, He BAW Seas ose 5434 54 St, Paul preferred. 14% Th, Ohio and Mississippi. 43% 4335 Union Pacific. " 3856 38 ©. G. and I. 0. 34% 34 Western Union Telegraph 125% 1% Pacilic Mail........... 18% 184 SALES AT THE NEW YORK YORK STOOK EXCHANGE, Monday, 0 Oct. T—10:15 A. M. $1000 SE bee & By 10000 U § 5's, 10-40, r.. 108 118? 20000 U: 11454 10006 US 6's, cur 1500 1id}g 15000 do. 10 A. M.—Before Cah. do... 300 shs Pac M SS Co. 7634 100shs C,C&ICRR... 3136 do. i 10) Atiaiitie MSS Coss 21 106' SAAVSR 2 en aK ‘3 i 2 m3 ne Th ng oo) do. ni 1500, C&TCR ip 600” do. is 30 do: i: First Board—10:30 A. ay g 4i0shs Vac M 88 M. $13000 Tenn 6's, old Meo Tenn ve Os hew 473 See 28 300 19000 do 7234 200 SoI0 Mo O's, He SE Tis ON 200 The DHOS COS, n, IN& Jy 23 1000 Ti Toy NY bowloan,e.-, 107" 3309 mg 5000 Erie 3d m. 4 100 7% 1000 Cen Pac RR gd bs 300 1s 5000 Un Pac Ist m..... 8 8000 do... 100 1000 Un Pac? Un Pac 10's, 2000 CHARI & Pa SOO StL 1M Ist mn 1000 Tol & Wab o. 5000 Tol, P When. nD 200) Mor & Es 2d 9 O73 2000 T LW Ist, StL diy 8&3 5000 M_& St P 7's oR 9 $2 2000 rand 4 a Bi 2000 € e A mer Bank... 102% 400 do. p te ty mae ANT 2» do. 4 RK 5!4 100 do. : 900 as u 0 “i 60 Panama RR. 100 Un Fae RR do 20 BS 4 ck Y Tit gid. ‘ 0 Chie aN w RR. Ms RRRRRRRRRES? ce Assay 7 do 5 Harlem RR 20) Brie RR. 8% | rh vf fe 1 Pa 8 400 do... 8 ‘ 2007, WaWRR.. 6936 do.. 30 f00'Del, L& W RR Mig | vin sp 10) Mariette tet pe... 28 77% 100 Ohio & Miss 43 ie i i HR Hig Ty 2 4n 7 3 val 79 «ATG Wa as | Tie 3 3a | do. 83 7735 | do soe TH | 12:15 and 2:15 P.M US £.20, 6, 167..... 145% $55000 US 5's, 10-40, r... 103 | 37 do € tai “S000 10-40, 1 | $00 US 5-20, ¢, 65, n.., 11453 25000 US 6's, cur... 12:30 P. M.—Before ins 1M che LS AMS. 7%, 200 Chic & NW Ri. Te Iw do. i iho Ae. go. ‘ i i 1000 shs West Un Tel WO dO... a0 ims v Ck iN RI 0 Erie RR. go 100, 100 Chie NW 200 CA RIRR., 600 Mi & ty Paul Tit); 100 Bost, H&B... 03 By BO Tol -& Wab itt 2000,C ATORR, 500 do... do. Second Board—1 P. M. S100 N Cy fend act C6, 20, 100 shs Pac M 88 Co.98 Tes ‘8000 Un Pac 10's ine.. 74 400 wy 1000 D Lack aW Istin 100,” 990 ae. A oha Wee UnTel... 71% 10) do. Bi MO....6b & 71% 1000 do 78 ito do". 7 . 18% 1 do. Sig om do. | 4109 do. | 1400 do do. 0 lwo Qnick si Co. 100 AUantic M 58. O18 & M RE...b ad © 2 papa Sagas 3 SEeeee 2130 to 4 P.M. he Wertera Un. 900 shs bp M88 CO aeEg SUORGEEUEREAEEYECE PERC Creer = BESEEE batts SEEESEESSECESEELE IVIL IRIAgi = RR Si SSESESSESSSESESEE e fot SSSSSSRSStSee eS: PP See! z SS CLOSING PRICES—4 OOLOOK P, M, Pitot onion: Rs a ny ta Lake Shore. Union acta. ee COMMERCIAL REPORT. Cotton Easier for “Spot” and Lower for “Future’’; Receipts at the Ports 16,312 Bales—Flour Easier=Wheat Firmer— Corn Easy—Grocerics Quict—Pork and Lara Firm—Naval Stores Quict— Petroleum Firmer—Whiskey Steady. Monpay, Oct, 7—6 P. M. ‘The weck opens with comparatively quiet markets, the recession in the gold premium having tended to prevent opetations of an extensive character in most com- modities which are affected by the value of gold. The decline in gold to 12% a 13.wasof a character sufficiently important to cause dealers in merchandise to hesitate, and rendered them very undecided as to what course to pursue. Hence the movement in general trade circles was to-day slower than for some time past. Cotton was reported quiet throughout the day, the advance of Saturday being checked, In the breadstuffs market things were somewhat mixed, Flour was dull heavy and in some cases lower, while wheat was highef and quicker of sale, even at an im- Provement of lc. a 2, per bushel. The decline in gold, however, checked the movement somewhat, and the business was only moderate. Corn was still more un- favorably affected, being dull and closing heavy. The market for provisions was much the same as on Saturday, pork ruling very firm, so much s0 as to restrict opera- tions. Lard, on the contrary, was still dull and heavy. ‘The grocery market presented no new feature, remaining quict but firm thronghout. Under a continued brisk de- mand petroleum wes again higher, the inquiry and sales being chiefly for export. Naval stores were about steady ; the offerings as well as the demand was limited. Corrxx.—The market here remained quiet and un- changed for all descriptions. At Baltimore sales were reported of 3,000 bags Rio, ex Yamoyden, and 500 bags ex Argos, both on private ¢erms, We quote:—Rio, or- ainary cargoes, Ic. a 14340. ; fair do., 1544c. @ 1830. ; good do., 16}g¢. 0 16% 90 days; Maracail St. Domingo, 15%e. a Idec. ava. 18%c, a 20c., gold. Corton on the spot was dull and easier, and some sales were made at lower prices. The appended quotations may be regarded as nominal and the extreme. Future deliveries were fairly active at a reduction of 3¢c. a 4c. per pound. The sales sum as follows :— To-day. Saturday Eve'g, Total. ae ‘ks * 613 Export... Consumption | a 1,070 Total “H 769 1.683 —Inciuded in the above are 48 bales to arrive. For fu- ture delivery (basis low n.iddling) the sales have been as follows :—Sales Saturday after three P. M.:—October, 30 at 18%c., 200 at 18 11-16c.; November, 600 at 18%¢., 400 at 18 9-16c., 100 at 188¢.; November, 400 at 18%c. amd 100 at Ig 11-i€e., together; December, 300 at 18 11-léc. February, 200 at 19%c.; March, 100 at 20% 2ke.; April, 200 at 20%c. Exchange- Lara to exchange 200 December for 200 February. 8 11 ‘A6e., 900 1884c., 800 at 18 11-16¢. 600 at 18%e. 6c, ;, November, 900 600 at i f t6e., WG Bt 48 7-1 300 at 1) December, WO at ‘Ta%e. dt da 15 11-16c.. 800 at 18%c., 200 at 18 9-16e., 1,600 at 1 wary, 200 et 19 1-160. ii) at ut 180. BO) at 18 90 16e. 600 At 195¢c., 500 at '19 9 “March, 200 at 2 Mare! at iOice Apr, 100 a 40 at 2046 0 Phe, 1 i at ‘otal, 13,300 bales. Grand 16,3300 “'hateg tates. on’ "eot to foreign ors closed firm ag follows :—To _Jurernoot by steam, 44.5 Siti). jad. a O-160. To He San, 10. To jamburg, by eae 140., £0) , compressed. ‘o Baltic forts, by stony via England, 11-144, To Mediterranean ports, by steam, ya England, 116d. The receipts at the ports were as fol- lows :—Galveston, 1,006 bales; New. Orleans, 8837; Mobile, 2,912: Savannah, 3,480; Charleston, 3,013; Wilmington, 8503 Nortolk, 2074; New. Work. Sie Total, 16-312 bates day lust week, 14,968 bales. This day teat Yeampl0,579, Wi auo This Unlende: a Fen Or ons, ig v4 Ordinary... rat Good ordinary. B 896 is 187, iss Low fiddling i 9 19s 19 1s Wing. . 4 9 97; ty Good miidiing. aol 2 20% Doe —The quotation pasedl on cotton in store, t Tunning in quaiity not more than half a grade above or below the grade qnoted. FLoun AND Graix.—Receipts—Flonr, 17,911 bbls. ; wheat, 73,684 bushels; corn, 255,60 Wo. ; corn’ meal, 420 bbls. and Viags: oats, 61,976 bushels; barley, 3.161 do. The flour ‘was Wuil, heavy, and in’ some cases lower, the sing dull at thie revised quotations, appended. The sales since last report foot up al Is, Ine cluding ail Kinds, Gorn meal continted. An far renuene ani steady. About $00 bbls, of Western and Brandywine within the range of the annexed quotations, $3 iy A $d 25 poset a 640 Extra State. w a 70 Choice State. +78 a 850 Superfine Western. +60 a 640 Exira Western. +70 a 725 Extra Minnesota... . ig a 950 Round hoop Vhio, shi ig bt 7% a 750 Round hoop Ohio, trade ran 77 & 825 Family . ® 9 1000 St. Louis iow extra 2 a 800 St. Louis straight extra. +800 a 875 St. Louis choice double extra, - 900 a 950 Bt opMeacrce family 90 alls 80 a 90 40 a 500 475 a 575 Southern superfine Oa 70 Southern extra.. 0a 980 Southern family +980 a 1300 Corn meal, Western, 335 a 365 Corn meal, Jerse 300 a 365 Corn meal, Brandy wine +385 a 390 cai 40 fob. Caloric 300 a 365 Expene ons. ® fob. heat was in fair req sales were he about 109,000 bushels at $l ‘2 4 $1 35 for rejected sprinj $1 45 a $1 47 for No. 8 Ohica i Bn $l for No B Cu cago, $1 St for choice Wik tient 8 58 tor No. 2 Milwau- kev, $1 63 for No.1 do., $1 60 a $I 65 for red Winter, $1 64 for poor amber, $1 wea ye ed for white wheat. Barley remained quiets t sales at $1 re! 05 for West- ern, Rye—Sales 2,000 inishels of Weste . in store. Feas—Sales 40% bushels of Ontario fel at $i, in bond instore. ‘Corn wag in moderate request and closed at ye bid for prime. ‘The sales were about 285,000 bush- els at Gle. for unsound, 62340, a 634¢e. for steamer, ec. a Ge. for snil, 643¢c, a '65c. for yellow and for white, I eluded a nthe sales ae 40,000 vushels for all No- vember a were steady under a fair demand ; fale 6a 000 bushels at soe, a dic. for now stock Ilinois, We, for prime old mixed State, ath a 47; for new hte ae. ach Pi ale ed shor aa Noe Waicngo, 0 | f Freigi an fhusinees vt of berth freights con: tinned Py guorerea, the 5 wearcity of available and the high rates askes weg tlm was ae morene for ri ioe charter, still ey was 4 secintng weakness, fo) rates were yet curren Sie engagements were Pirerpor oD py wenn, Ta bushel grain re (relet) ‘at 12d es ead boxes bacon at 45s., inp bo sail brah At 82s. 6d., 250 bbIs, rosin on private terms steam, 1509 bushels grain at 114. for corm’ andi wheat; to Bristol, by sail, 15,000 bushels grain charters inclu ‘orwegian bar! (to quarters grain at aa, for Gorke and. orders, smother f Weginn bark was rumored mame voyage at'84, Od. were Mees to learn the lars; British "park ac hence mtinental bis. refined petroleum: At be. mn America ttl, or, to Gibraltar x orders, 2,000 bbls. re 9d.; an American “tet 480 tons, to Cadiz, staven, e ‘terms; an Ai vite 1e hip, 1,086 tong, to Bristol, 1 cargo at cu Fates oouissese the marke it eer mane condition as hitherto re} a all jobbing tote in, ipeean een we learned of no movement agaqarmeneng mse Be we a Be =e Sie. a 36c. -a- Boe. e Zar Bes = la ies was closins a be, ih dats adap) at ae under a imode- And sasinee at $4 50, sone. or ue oe ent egchange at ser irate ees ue was bbls. of Washington ee pa aang to-day continued ve ters cart as continued feo de de: tehansS ote ‘about le’ to. vessels) for ompt sell: Eros ae very at yrs wremeurrent at the higher—q prompr aelive etd saaceithh t del OF No sales 0! bbls. were made fOr last nat halt at No fovember at lac. Cases remained quiet but very arm, In al gence of transactions we quote nominally at’ 80e. a Sic. met with 2 ra inquiry. but we tye dt the uoted at ao for Western or cit je mar ket was quiet, bat 8 trifle $405 on the ‘upper, $4 10 on the lower ‘patoite Clty. ‘The Phil. lelphia market was quiet but refined quoted ak iy delivery. Later Ae, ear of sales ot 10,000 and in ery. a rine few York 1,000 bbis., buyer's all the mon foo Sires Serer ga 8 Paovisiome: Kv AS bbls cut meats, 146 packages; The market for oan La sie wind ty tober a Osis, oes ie ning § ‘ade tyes 7 ay Hefty Wiscon- xin, at $14 65 98 78 py! old mess, and $ll 80 a $l 70° ‘ore extra prime ‘ashe. acon remained guists ‘and a for both spot and future. Bales 800 boxes boxes, of long c! ree bi af fea were int dei as full we ae. We learn salen Ob te Bales 500 t rd was active ercen’s at &¥ec. for scam, see mand ty las te haben gis meas at 9 sales o! Ts are ap Sag 40 has, Nie 2 bhae, Heo vate terms, 530 Boxee at rom BFC gescripiion tion giver rivals ‘term: ty re! rie were ni ed at 110. and 0 ;-Ouba—Refining, interior come fair to, good fair'dc. 4 Bie. ; ood ery, fair to eet 0c, centrifugal, hhds. and Dake, ft and boxes, a 4 Se, a—Boxes, standard, do Oto 1% 0546, 3 do., 13 to 5, LOsGe. to 18, 11é. a Li! edo, 0, 20, Ue, 9 i2ige.+ day, wi ite, ge, a i to Rico—Re- fining, common to p . 6, foe aN fair to Dutch lard, Nos. 8 to 4 dard, Nos. 10. to 12,9340, superior, 8. a 3c. dt rather easier for y Fates “0 tlerces Caro- a at 7%0. a 77%4c., and 100 th sales of 50 tlerces at 92a. light and the 40. Sales 15,000 Ibs. fair to ‘good atd l-léc. a KY.—Receipts, 140 bbls, The market was consid- iyimors aclive and steady at previous figures. Sales a1 for forei; lina at 8c. a 8%c. ; 90 bi ya bags Rangoon at b%c. a KARINE was steady, W! ‘ALLOW.—The market was firm, stock lf mand moderate. 9 Site orabl. 415 bbI DOMESTIO MAE MARKETS, od od gary iS, BR 00d ordinal (976, Sates, £00. Cotton in fair demand 1 oun me lage wid mn in ir dema: ™ c.; low mid- m8 Food ary, Hee wet. ‘receipts, 8,397 to theosatinent, 880 8,504 bal portato area Bila Too: eContin e i 51,0005 1000. Btock, 48; evening, 1, B pre oe Mosie, Oct. 7, 1872. Cotton quiet butsteady; middlings, 180.3 low mid- ahings, ABs, Net recetp: 2.912 bales. Exports coast: A ales, 300, Bugged on Mebite ‘and New Or- Cans Railroads 188 Btoc Cotton quiet, but firm; seem anlose. 1,008 Balen Expor Savaxnamy Oct. 7, 1872 Cotton quiet, but Arm: good ordinary. Irie, a 1705 low middlings, 17 Ise, ; middling Irie. Kona Iie: Net receipts, ‘Sales. x orts—to the ontinent, 8,003; coastwise, 3,444. Sales, 800. Stock, 30, Onansnstow, Oot 7,1! Cotton quiet; middlings, 18¢. Net receipts, reals ates, Exports constwise, 2,086, Bes. tles, 100 Stock, 16,08 Winainator, Ny C., Oct ni Spiritsf turpentine firm at 58. Rosin firm a6 $3 aofor strained ; $4 25 for low No. 1, $4 50 for No. 1, $5 for low ale. Crude turpentine steady at $3 5) for hard and $5 60 Tor yellow dip aud virgin, Tat steady at $3 80. Oswnco, N. ¥., Oct, 7, 1872, y, with a moderate den 10s 2,200 bbls. 1 Spring, $0 25 for amber Winter, $10 fot 8 for double extra. Wheat quiet; Flour pendy, at $8 25 fc white. Winter,” No. Taliwankect club held at Corn dull; sales ley dull; sales 30,000 bushels, at $1 05 for ke Canada, SiS tor Hay Qu uinte, part to arrive, Re the e ove Bay uinte was offered at $1 U7. Corn meal, $1.40 for bol 135 for unbolted per cwt Milfecd Gnohangeds anorin Sis; shipsta ; middlings, $2 per ton. Highwines, Mc. Canal freights—Barley, to {Nowe York, Te. 14, Albany. Raliroad freghe Flour to New York 500., to Albuny 42c. Receipts Take ih 000 bushels wheat, 8,00 do. corn, 14,100 do. barley. Shipments. by canal—7,500 bushels 25,600 do; 4 wheat S5.p aye Burraxo, Oct, 7, 1872. Grain Jn’store—Wheat, 70,300 bushels: coin, 36, i00 do. 5 gaits, 87,900 do. ; barley, Aaa do 000 . mai ilar s wiveat, 18 622 Dashela Corn, 496,184 «le barley, me ts b28" bashieig: 14,600 do. 5 barley, 19,077 do. Rai shipme nts trom eleva- tors—Wheat, 6,500 bushels; corn, 33100 do. ; oats, 48,350 do.; barley, 9,669 do.; rye, 4.963 do. Canal treights— Wheat, 146. corn, Joie: oats, 7c, Flour quiet; West- nay SOHNE, $7.25 4 bakers $8 } amber, $8 5! 5; white, $9 50. heat aul; sales 75,000 fishele utuin” Nor Ls en a at. St, 47; 8, kee Spring at $1 4 to da'ne $40, held at 3143 a $1 oe 4 ut $1 ms phe 16,000 bushels No. 2 at fc. Onts dull; held at 373¢¢. a 380. Other articles un- changed. Cu1caco, Oct. 7, 1872, Flour dull and unchanged. Wheat buoyant dnd un- settled, ‘closing frm, sales of No.2 Spring at $1 274 spot or seller October; No. 1 do., $1 20 hed. tier ac Siicc,* Comin’ tate d higher’ sales ‘of No.2 mixed at S20. a gash nnd seller October, 83340, fresh, Bey. ts firm; sales of No, 2 at 210. a i jected, thie! Rye quiet and’ weak, at Sec. 0. 2," Barley steady xt (4c. for No, 2 Fall. P demand and Arm ne Sid So; sulos of 600 bis. at $14 40 forahiement to Canada. Lard quict and ynohanged; quotable at 8%e. a Bie. for Winter, Sc, a. Siac. Jor Sumi. mer. eaten dict and weak at Gic. a G0, for shoulders ; 10% ce. for shortrib middies, * Wik ‘akey steady at fc. * ie fa—An advance asked but none e established; corn to Buffalo, I7e. Recelpts—7,000 bbls. flour, 112,000 bushels wheat,’ 168,000 do. corn, 60,000 do. gate’ 6000 do. rye and 49,000 do. barley Shipments— 7.000 bbls. flour, 150,000 bushels wheat, 406,00 do. corn, 49,000 do, ots and 131,000 do. GW do, barley. EUROPEAN MA MARKETS, Loxnox. Money Mankxr.—Lonvoy, 5 Consols closed at 92% for money and we for the a United States five-twenty bonds of 1865, old, 94; of 1S > 7 ten-forties, 88; new v8, 30%, rié Railway ares Bourse.—Panis, Oct. ju levenhig.fenies closed At S31. 15e. FRANKFor? Boursr.—Franxrorr, Oct. 7.—United States five-twenty bonds, 95% for the issue of 1862, Livgnroot. Corton Manket —Livenroot, Oct M.—The market closed unchanged, The gales of théday have been 20,000 bales, including 6,000 for speculation and export, Sales of middling Orleans for October. at 10d. The shipments of cotton from Bombay to the 7th inst., since the last report, have been 7,090 bales, Liverroot Buravsturrs Marxet,—Liverroot, Oct. 7~2 P. M.—The market is quiet. Wheat, lis. $d. a 13s. 6d. per cental for red Western ae and’ 128, a 128. 80. for red Winter. Flour, 32s. per bbl. for Western canal. Corn, ss, ‘Sd, per quarter, . 2d. per bushel. Liverroo. Pro ONS MARKET.—LivERPOOL, Oct, 7—2 P.M—Cheere, 62s. Ed. per cwt for the best grades of American fine. Liverroon Propucr MARKet.—LivERPoor, Oct. 7—Even- Spirits turpentine, 43s. a 44s, per ewt. Linseed oi), ate ‘a £i7 Ws. per'ton. efined petroleumy 17344. a lsd. pk gallon. Lonpon Propuce MARKFr. rare rath 7.—Tallow, 47a. per cwt. Spirits turpentine, 42s. PETROLEUM MARKET.—ANIWERP, Oct, PF Setrotent, SA, for fine pale American. " FINANCIALy ee FEW FIRST CLASS SECOND MORTGAGES sale, by’ Brooklyn Improved Property, at a lit discount “Apply, between 10 and If Ar Mor address TUR, RNBRI room a , 22 Broadway. T REASONABLE RATES—MONE LIFE AND Endowment Insurance nf clas also on Bonds and Mortgages; Insurances of all kinds effected with hest companies, J. J. WaNBRIOH & €0., 119 ahd Al Meer AND TRADERS! SAVING INSTITUTION 289 Bowery, near t ear Houston street n daily from 10° A, ‘and on Mondays and’ Weaneciays trom 10 to 7, ‘Dep n or before October 19 will draw interest from Henny ©. Fisnen, Secretary. ONEY TO LOAN—IN SUMS TO SUIT, ON FIRST clase Property, improved or unimproved; also Papeete oy DAVIE, | 708 Seventh aventic. W YORK STATE sor re GOLD SIXES due 1887, for sale in tote to WYNNE & DAY, 16 Wall street. WASTED JO BUI—A MEMBERSHIP IN TIE NEW York Stock Exchange, Addrem stating terms, BROKER, Herald office. CONKLIN, President, $4,000, ON VERY A fart cholee BD S8.40, $200, 8 rroperty Jrarth fully doubles = No.9 yughb st, Brook $5.000 T2,LOAN— ON NEW YORK ony erty; or would Second Mort- bo Apply ou. 78 aR. RUSSEL! West Thirty-fourth pines $400. 000 TO LOAN—IN SUMS TO ur, oN tate ; no b penis TS ag worree TLL on “honlauk insurance Oo. 108 Brondway. = | $750. 00 TO LOAN-ON | IMPROVED | PRO. " ‘\ perty in New Yor lyn, Now ersey Al ply “with papers eM t WaABON, Norren bers stre COPARTNERS tg [HE FIRM OF CLARKE fe ABBOTT, 02 BROADWAY, i Rage Yori chy; ding Rist Hp pnige ts “OtARKE, Gor, 6, 187% HO: PRO- WANTED—ON A VALUABLE BROAD jor; recur! 0 4 Satisiac- Sivek core pret fevoa” ad i ress BKOAD nge | ment of the city. The Comptroller and. 8 interpret the law one way and the Fire ST Naw ‘YORK Pref, TUESDAY, OCTOBER, 8, 1872~QUADRUPLE SHEET. - AND THE FIRE COMMISSIONERS ae ae Caen Comptroller Will Not Honor Requisitions—He Will Audit and Pay Claims Both Sides Have to Bay. A MANDAMUS APPLIED: FOR.’ Were anything wanting to exhibit the manner in which the Reform Legislature. Winter enacted laws, the records of the the courts between Comptroller Green, omMecials give striking examples. There be many “hitches” in the successful mapageme: of the Financial Departfhent, which are attribu to the Comptroller’s stubbornness, that. wor never have occurred had the framers of the exercised even common sense in defining the: and responsibilities of the’ respective officers of th city government. The failure of the Legislature this particular has caused very serious legal’! putes, conflicts of authority, disagreement’ the interpretation of the laws, and entailed tipo! the city litigation. The latest of these. of authority—that may properly be termed locks—is, between the Fire Commissioners ep the Comptroller as to the disbursement of the a] propriation made for carrying on the Fire ray stoners and the Corporation Counsel put an construction upon it, The consequence is that firemen are not promptly paid, and each party the dispute stands upon his or their dignity. A reporter was yesterday instructed to visit Comptroller and the Fire Commissioners, and, possible, fathom the points in dispute, so to intelligibly explain the matter, Hitchman, Blair and Hennessy were their rooms in Mercer street, and, of course, the claimed that all the prnenelhiiey for the disput rested upon the Comptroller. Hitchman ducted most of the duvereaion, vin which his soclates occasionally joine From their state ments it appears that-they. ‘eel that Mr. Green it trespassing upon their rights. They claim that iD action in insisting that the men should be p: der his supervision of the’ Payroll and vi SE ‘supplies and materials on iting, proposes to enter into their gen iment ee their functions so far as t! ner, the salaries of the men and an claims for pi ies and material furnished are concerned ; oF, other words, that Mr. Green wishes to 2) their powers. Mr. Hitchman says Mr. agsumed this position on the; 27th: of .A when he sent a communication to the an extract from the charter of 1870 the financial department, in which he ci right to disburse the moneys. In this letter he se forth that ifthe Board: differed from his_ vi him and enclosed a form of certificate he desire were absent on the receipt of this letter 1 Mr Gree! was informed of their absence, when he consente to wave this and rece fhe certificates of a mi jority. Mr. Hitchman that to enable the me! to be paid they yielded to rerareenn proposal for that month, but denied the right to impose any such strictions upon the management of the depar' ment, Upon the return of the absent etapa oe resolution was passed askin afore AD 0} Cte the Corporation Counsel as to she Ene he capt mission to make requisition upon the Compirctt and the latter’s right to refuse to honor suc! sition. This opinion was im favor of the positio! assumed by the Commissioners, and at a meetin; on September 17, at which all_but Mr. Shaler wer present, the Treasurer was instructed to draw regulate upon the Comptroller for $125,000 the purposes of the Department, and to copy of the opinion of Mr. O’Gorman with it; Mr.| Hennessy says that on pea the el a Mr. Green he refused be governed by-it sald, “1 have already decided that matter.” tr ‘ nhessy says the following conversation told place :— HennesSy—Here {s the opinion of the Corpora.’ tion Counsel. Possibly it may cha sibs your mind, Mr. GREEN—That don’t amount to anything, will send it to you if you desire it. Mr. HENNESSBY—A! Soar ig it will you,com- municate your decision to us? Mr. GREEN—I will write no more than I have ial garding the August pay rolls. They received no answer, and, on September 24, all present but Commissioner Galway, John E. Bare rell was instructed to take legal gal pioceedings to compel the Reteenee to honor the Ba thee pase and on the 28th of September the following: nication was adopted, all being. pers! amano New Yorx, Sept. 28, 1872, To rie Comrrrouer :— Your communication of the 23d inst. df received. Int answer thereto I am directed to say that the Gomubsaton Ts of the Fire Department ashes forward Meret the yay Fol 1 the present month, provided that such action shal be regarded as affecting the proceedings at law menced by, this department aa\to the inode and in whieh the appropriation there all be, di Respectfully, TLLLAM HITCHMAN, Pres The counsel for the Board was Feauested to sat upon Mr. Green and make some amicable ment for the requisition for September, thie ge sulted in Mr. Green sending a check payable order of all the Commissioners for $65,000, or at $7,000 less than was required to mores the Rat ments of the men on October 1, not material arf supplies. ‘The comptrotter ee "ad hered to his former position. Mr. Iitchiman says: that this check has not been ‘endorsed or usedi lest it imperil the legal proceedings. The Commis-- sioners claim that the now charter vests them) with all the power of the Metropolitan Fire Depart- peak that they arg y Te shes ‘Bame couree ag has prevailed since ie OF ton of the depatte ment in 1865, and if Mr. pat d sustained b; the Court they will have to. increase the clérici force by one-half to em statements; that Mr. Green has intimated that he may appoint the Commissioners as his disbursing agents, and Ko his course 18 calculated to utter’, eas pide ahh oat ety it inpee MW i tine! get credit for supplies, matéFials nix te Tye of tho Comynhidsii phere ‘S charge that Mr. Green hag incited insubordination in the force, by going around among some of the men and telling them he had sent $65,000 to 4né Commissioners to pay the and it was Sipe s0ard's faultif they had not receive the mone: "8 Is the substance of the Commissionetts dane,’ ‘hey have applied fora mandamus to compel the Comptroller to honor their requisitions, The Comptroller explained his position to the rev porter later. He claims that thesection of the char- ter below quoted is his authority for his action:— Anrictx 5, Sec. 33.—The Finance Department shall hav control of all the fiscal concerns of the Corporation, an of the appropriations made for carrying on the busine: of the Corporation. It shall prescribe the form of kee in And rendering all city accounts, and the manner in whi all salaries sl rawn, and the mode by which alk ago g officers and employes of the Corporation shall He insists that under this, as the law provides no authority for him to pay over moneys tothe order of the Coinmissioners, he can only payin self on an audit of their certified accoun' le maintains that he commons with the Commis- sloners and sent them the $65,000 check, that the men might be pald regularly, ’and that’ he gave them an assurance in writing that the accept. ance of the wees by the Commissioners should not enaan; their ivil — proceedin; im the Courts. The corey troiter exhibited lett ig fmf follows ;—-One dated pity th August, notifying the de< partment that he would pay the men on presenta tion and audit of the pay roils; one dated Septem<. ber 23, notifying them to send the pay rolla; ee dated September 30, calling for the pay, rolls, answer being received he sent the check and ae written assurance later, so that the men could be- paid on October 1. This action was poe ne ‘avers,’ pending the decision of the Court, ane a t because: ceded from his position. He claims tae there need be no deiay in paying the force, as hig: officers can do It at the engine houses, Aa the Jaw" soee not empower the py of the Commission: to draw on him, as it docs the Health and some: other departments, he will not honor their requiai<. tions except upon the order of the Court. c. “IMPORTANT CUSTOM HOUSE SEIZURE. ~ ‘ Fireworks Shipped Fancy Goods. Enough Powder Jontainéd im the Con=- tents Te Destroy Two Vensels. Aciue to the origin of fire om board of ocean, vessela was obtained on Saturday, which will, doubtless explain the untoward accident by which. the steamer Bienville was set on fireand numerous: lives lost. While the steamers Oharleston and: South Carolina were being loaded on Saturday one- of the cases gaped open, and it was discovered ta» contain fireworks. Thie fact was reported to Mr.. S. Hopper, Superintendent of the Coastwise De- artment of the New York Custom House, who rewon The cage opened and found it to contain’ flrework of every: eect tion and other PeRanaTNs eures stom npowder, more cases, all bearin; same: fark, were op opened and the conten ta foune- Mh autke: As these boxes were invoiced as fancy in violation of the law, they were at once: a8 contraband and sent outside the fire lim- a The penalty for this offence—viz. sh losive material under disguised m: of. Je,000 and imprisonment o! a i than o one and na- more that five years, It d that the shippers, of these ten cases have forwarded many more is of the same kind by Southern vessela within the- paid month, for which they will be apprehe' re Was powder enough in the ten seized to blow two stewmers into etevnitys