The New York Herald Newspaper, October 18, 1872, Page 8

8 FINANCIAL AND COMMERCIAL, The Bank of England Discount Rate Unaltered, THE LONDON MONEY MARKET. The Street Rate Higher, Consols «<Off” and Fiye-Twenties Up. FOREIGN EXCHANGE BASIER. Gold a Point Higher, with a New Speculation in the Market, PROPOSED CORNERING OF CASH GOLD. Money Active at the Outset, but Easy at the Close. STOCKS UNSETTLED, BUT FIRMER. A Sudden Fall and a Rapid Reac- tion in Pacific Mail. A Corresponding but Narrower ¥luctuation in the General List. Yntroduction of Another American Rail- way Loan in London. WALL STREET, } ‘TnuRsvAY, Oct. 17—6 P.M. On Change to-day cotton wasin good demana nd firm. Flour, wheat and corn were steady. MONEY UNSETTLED. ‘The money market was unsettled and alternately ‘active and easy. In the earlier portion of the day ‘there was a smart demand at 6 per cent, with oc- easional and exceptional loans at 7 per cent, After two o'clock there was a sensible relaxation, and towards the close of banking hours loans were made at as low as3percent. The activity of mid- @ay is readily explained by the shifting of loans in- cident to the changing of stocks from one house to Qnother in connection with the recent active specu- lation and RISE AND FALL im the stock market. Mercantile paper was quoted Bal2per cent discount, with a larger volume of business, By a remarkable coincidence an accident delayed the cable despatches on the very morning of the whole week that Wall street was most anxious to learn the tenor of the London market. As some- thing had to take the blame the fault was laid 8n the aurora borealis, which, innocent or guilty, is-speechiess to defend itself. The Germans pro- Tessed to have advices that the BANK OF ENGLAND RATE had been raised, and there was a good deal of un- easiness occasioned by the report. Eventually the press and other reguiar despatches came along Stating that nothing had been done. Private tele- grams subsequently represented that the street fate had fallen off to 514 a 53g per cent, but had risen later in the day to close upon the rate at bank. Consols were lower for the day's range of quotations, but our five-twenties of 1867 were strong and an eighth higher. The ten-forties and mew fives were off an eighth per cent. Foreign exchange was not so firm, but rates were nominally as before, viz., 109 for prime bankers’ sixty-day sterling and 11014 for sight bills, THE GOVERNMENT GOLD SALE. The bids for the goverment gold were twenty-two in number, calling for a total of $5,070,000, the + prices offered ranging from 112.25 to 113.01. The lat- ter price being exclusively the highest offered and being bid for a million, the government made its award accordingly, the sale being confined to the amount proposed to be sold in the official adver- tisement. It was generally believed the gold went tothe “Jight-waisted” pool now operating in the gold market. GOLD FIRM—1127%% A 11334. ‘The gold market was firmer under the manipula- tion of a new party now operating in it, whose purpose seems to be a ‘‘squeeze” of cash goid, rather than a regular “bull” movement. Although the Bank of England made no alteration of the dis- count rate the lower ruling of consols and the re- ported activity of money outside of bank strength- ened the premium in face of the advance of five- twenties. At the close it was reported that the Cimbria, which sailed at a late hour this afternoon, had taken out $250,000 in specie, inclusive of $200,000 gold. The course of the market is shown in the following table :— 1P.M +13 1:49 P. 11356 2PM 113 3:50 P. + 1124 3PM + 113 4P.M.. 113 @ 113% In the gold loan market the rates ranged from 2 per cent for carrying to 6 percent for borrow- ing. The operations of the Gold Exchange Bank were as follows :— Gold cleared + $41,684,000 1,492,113 BK 784,686 ‘The Sub- ‘Treasury paid out $156,000 on account of interest and $1,900 on account of redeemed five- twentics. THE RAILROAD BONDS. The foliowing were the bids jor the ratiroad bonds :— Kew Xork Cen 6) Han & StJo,) New York Cen t's © an & St 40, Co 87 New York Cen v's, re. ew York Cen 6's, sub. . Erie Istin, extende a Ere Ps, 4th m,” ong Dock bods, Hud. ® YA dscin, Harlem 7) ‘Tol & Wab Istm .ex: a Pole W stm, StL div, 84 Tol & Wab 2d in M4 ‘Tol & Wab equ Tol & Wab eo Hic Ist. rie PW A &cnk im ek A Oley F&A new bas, etroit, M& Tol bds.. ni & Erie new bas: 4 Ohio & Miss con Lake Shore divbds..... 9232 Olio & Miss con Ohio & Miss 24 mn, con eta by Mo St Louis & Lron Mist. a ot ‘ac gold bds. A NEW AMERICAN RAILWAY LOAN is announced in recent English papers, the amount being $1,200,000 in the first mortgage bonds of the Paris and Decatur Railroad of Dinois, The award ‘was to have beca made October 9, since which date we have had no mail advices, Doubtless the loan was a success, a8 the serip receipts were worth a premium of 2 a 23¢ per cent before the books closed, In the free list 69 was bid for Long Isiand stock, mud 204 for Manhattan Gas. Second avenue rail- foad stock was offered at 95, SOUTHERN SECURITIES STRONG. The Southern list was strong end fairly active. The inquiry ran chiefly on the Tennessees, which @dyanced to 74), and the new South Carolinas, whe July issnes of which advanced to 6%, and the Octobér to 23. Tve following were ‘the closing prices:—Tennessee, ex coupon, 41a 96; do., new, ‘7434 a 76; Virginia, ex conpon, 44 4 485 dos. remistered “atock, old, 67 a 40; ao, sixes, consolidated hinds, 54 4 (5, do. ‘o., deferred Borin, 1644 016; Georgia sxe} 9) aL) eeyenR, 86.0 68; North Varolina; ex coupon, 33}; a 35; do., to North Carolina Railroad, 46 a 48; do., funding, 2800, 20 & 24; do., a0., 1608, 20 9 21; do., new, 10 a 21; do., special tax, 11 a 14; Missouri sixes, 02% a 92%; do., Hannibal and St. Joseph, 80% a 91; Louisiana sixes, 52 a 58; d0., new, 49 a 55; do. levee sixes, 50.8 68; do. do, eights, 10 a 75; do. do., 1875, 10 @ 78; Alabama fives, 68 a 62; do. eights, 82 a 85; South Caroling sixes, 50 a 60; do., new, January and duly, 26% a 27; do. do., April and October, 27 a 20; Arkansas sixes, funded, 47 a 52. GOVERNMENTS IRREGULAR. The government bond market was steady and firm at the early Board, but became dull in the afternoon, when a heavier feeling in the gold-bear- ing issues set in, while @ development of greater strength in the currency sixes carried the latter up to 11334. The following were the closing prices:— United States curreney sixes, 113% a 11334; do. do., 1881, registered, 114% a 11534; do. do., coupon, 116), @ 11634; do. five-twenties, registered, May and November, 112 11234; do. do., 1862, coupon, do., 115% @ 116; do. do, 1864, do. do, 116% @ 116; do. do., 1865, do, do, 116 a 116%; do. do., 1867, registered, January and July, 114% a 114%; do. do., 1865, coupon, do., 1145 8 114%; do. 40,, 1867, do. do., 114% & 114% ; do. do., 1868, do. do., 114% @ 116; do. ten-forties, registered, 108 a 108%; ; do. do., coupon, 108% a 1083; do. fives of 1881, reg- istered 109% bid; do, 46., coupon, 110% a 111%. STOCKS UNSETTLED AND LESS ACTIVE, ‘There was a marked diminution in the specula’ tlon at the Stock ‘Exchange, and the day’s busi- ness, while still large as compared with the average, was inuch below the amount on each of the earlier days of the current week. With the early, doubt as to what had been done by the Bank of England, and in the presence of the opening activity of the money market, there was. a general pressure of sales in the forenoom attended by an active weak- ness, the chief decline being in Pacific Mail, which rattled down to84% in a way that struck consterna- tion into the ‘bulls’ generally. This was subse- quently deemed A DEVICE to enable the “bears” who had sold short a few days since, as well as the “bulls” who had ventured ‘the chances of a “turn,” to get in their stocks; and the opinion was strongly confirmed by the later con- duct of the market, which veered about and ad- vanced quite sharply, reaching its lighest quota- tions during the last half hour of business. In the final fifteen minutes there was a reaction of \; a 14 per cent, but without much discouragement of what was believed to be a revival of tne speculation for arise. The market would have been more active had the Bank of England made an alteration one way or the other. As it is, the case stands ad- journed for ANOTHER WERK, and speculation for the interval must, therefore, be guided by purely domestic or local influences, Pacific Mail in this reaction recagered to 87 and closed at 8635. Western Union Telegraph was active, with sales at as high as 773s, the purchases being made mostly by brokers usually acting for Jay Gould. A lively trade in Mariposa preferred advanced the price to 4s. Rock Island opened at 112, sold next at 111% and within a few minutes had fallen to 11@4, but reacted to 111%. In the miscellaneous shares Canton advanced to 102, but fell back to 10034. Atlantic Mail sold at 18% a 1934. HIGHEST AND LOWEST PRICES. SeSeseSSSSSSEsssa BegE 2 soars = oz mz 6 SESQEABEABEERApTEEEEER SSSSSSSSSESSSSESSESESS s 2 rs = 14115 and a5 P.M. , 65, n.. 114% $1000 U 8 5's, 10-40, r... 10855 "67... MN 12130 P. M.—Before Call, 5g 5B 100; ww. aa 800 boo 0 Pao M88 Go! & J do. g & 100 100 85 100 N 9! 100 95} rs 300 8 £508 on 1 600 Mari Ke a Fi 00 3 Fit bit Second Board—1 P. M. 100 shs Atlan M88 Co., 19% 400 do. WW Mer Un Ex.be 1400. West Un Tel....b¢ io do. oo yapEgueeegetesy 3100 2130 to 4 P, M. G0shsLS&MSRR... 914g 500d seat The following table shows the highest and lowest prices of the principal stocks during the day :— pal ee 5 New York Central.... Erie..... Lake Shore. Wabash Northw r Northwestern SALES AT THE NEW YORE STOOK EXCHANGE, Thursday, Oc Oct. 17—10:15 A. M. $5000 US 5-20, $1500 US 5.20, x, 167 2000 US 5-20, c, "68. g 36 ribs First Board—10:30 A. M. ‘ 20) she Pac MBS Co... 3000 1000 Cen Pac iit bs 2000 Un Pac 1000 Tol & W equ 20000) Gt West Int 1, 6000 Gt West 2d 1000 ChiaRI & 9000 ‘ & St J 8's, con. St P 7's, gold TCist m... 87% im Bar,Ced RB rd Ist 209 GOO StL ATM Ist m.. 94% 100 shs Pheonix Bank 2) Park Bank 300 do. pee 100NJ Cent RR... al YC&HRREK., 100 ( eae 1 a 804 100 MN AEP pn 0: "i 200 Del, ad RR... ” do . a) Dernier | Ex Eta at SoRUEES = = AINA RES = ‘J A mt i P ss 300 Be Bey 300 Mit & Se Pav pt. ‘i 86" 100 Bost, Ha HE RI. s} 8, 4 10 0 chic, & in 70) 500 do do. 100 Adams Express 3. 9 2wErie RR. 300 20 Panama Rie, C& RI RR... Northwest'n.. Northwest’n p Rock Island. StPi 5 St Pant pi Wabash COMMERCIAL REPORT. ‘ Cotton in Good Demand and Firm—Re- ceipts at the Ports 13,919 Bales—Bread- staffs Steady—Groceries Firm—Pork Higher—Lard Steady—Petroleum Easier —Naval Stores Firmer—Whiskey Un- changed. ‘TauRspAy, Oct, 17 M. ‘The trade movement to-day was again fair, and more and more confidence is manifest in commer- cial circles with every succeeding day. The move- ment in produce—notably four, grain, &c.—receipts of which are steadily diminishing, was moderate, and a large proportion of the purchases was on foreign account, thus indicating a probability of a continued demand for tonnage, under which freight room continues comparatively high, though cur- rent rates are much below the standard of two Weeks ago. But with a continued demand for freight room, as well as for vessels for charter, shipowners have every prospect of netting a good harvest during the Fall and Winter. Tonnage is still scarce, and many vessels now on the way here from Other ports having been already chartered there is very little prospect of any plethora of tonnage for some time to come, hence good paying rates are confidently looked for during the succeeding few months at least. The continaed comparative ease in the money market and the absence of any con- siderable excitement in financial circles combine to impart greater confidence among business people, which ‘is shown ina steadily augmenting business, On ‘Change to-day cotton was in good demand and firm. Flour, wheat, corn and oats were in moderately fair demand and commanded fall prices, There was nothing of spocial importance transpired in the grocery market, but values remained the same. Petroleum was scarcely so firm, but the de- mand was ver; ay, moderate. Raval stores ruled firmer, more particularly for spiniie, which, under an fi Increased demand, sold at higher prices Whiskey re in eacrpto orrer.—There was less doing to day in all de but, otra ding the marke. Fe hear of sales of 2, "fi ex. Benoretta, at at Balt timores aid Me Gage to arrive at Mobile ex Dagmar, both oF on private fe quote ;—Rio, ordinary. ca: algae Hood do 624c. 17C. 5 ie rol . # “anges Maraokib i: Jayi tiie nth Tier a17i6.¢ St Domingo. 18% spot and to Lpaa! oxen Tag et Pp i. lost rm. liveries, w! agood demand and wish it offering led firmer, but Closed steady. wieeai, Up ariolows— qe hased fats about previous juded taps delivery ante low middling? the a evening atter three re it 18746 ber, 30) Xt 18 9-16c, § c., 100 at 19 9-1 at 20 1-166, Decem| Ww ity at ‘We., 900 a 1911 Ae. 5 100 at able, larch, 400 ‘bo 1. ‘at do arts ‘at A Ee ee eera eae alot fo Laverpoal my eh a Td: Hie. gt hr by ak ny Alobainn. ‘Bow Orieans. Ordi it "es Good ny afi not more than half Go graue "above oF below | Loy es ae .—Recell ytd vet, IAB De yond under a moderate! femand ularly: ee mae ; mahi es tor- market wi arrive, ieee Tor export and d Je sales were yee i mix Bree for Steg, for sellewe and Blo. w Ode, ». white. Seas for Oats were in firmer, yet not 5, ,000 pushele at for old mo 2 beagnss Mostorny 4 ry Duals ¢, for do, mix y wa in fi . a We. Tor Bri me 8 Frxicuts.—There berth frelghta, occasioned and agents, who generally bushels, at atesie a ete for for make chietly at quotably, higher sale: for choice new white, to jo, in store; 2c. a 450. 1¢ and Sbe. for old white fair demand, with sales re ror of itate. has been very little. doin by the firmness of ship owners ° eecsoarneteanSatwges8e od PBF SRSSSSSSSESSSSRESHSHSES $1 ree iair demand and aggregate in stores aie | od to-day in her rates, and the market close considerably firmer. 16 as | meme ae moderate and ir vesse: ga aud petroleum trade, with rates ruli ai nay In shippers’ favor, The engagements, were. To Liverpool, by steam, 16.000 pupbels grain at 96d. ; bales cotton at 3d. To London, by steam, 25 bales ‘icin at 50s. To Antwerp, B00 bans cones a ‘and 180 boxes bacon, 6 both at 42s. 6d. Coed ineluds in Bark, 00 Car bir it ordered direct; n Norwegian rain, same voyage, ence to Cork for dena, L to the United Kingdom and 8s. 9d._ i d the market remaining se and tions nominal. We quote :— Cr rem tha gl and et fe a oe. bbls. at 634¢c., 200 bbls. at 63c,, and 150 Rosin was generally quiet. Strais 4 35, We note ‘anles of S20 bbls. lo. at $485, remained quiet fand not quotably cha Perroukom.—On 'C ‘oring buyers, Refined wi nee of nonth, although at 25i¢e. - Crlide, in bulk, Ww of 60) Dbis. for Femainder Iwas about the current price. at bein whic! Norwe Bristol Ohannel direct at 7a 0d. warters grain te Cork sor order ir ‘@ Norwegian bar ‘bbl haphtha, oe tt a Be, c., the market ‘Cloning firm a ined No. Lat and 100 bbls. No, 2 at $4 6234. anges hange to-day there was but litte dis Beri shoWwn t operate, even with prices lj i Bremen, ra bbls, pork at bs. The bark,” 2,300 quarters a 600 quarters Continental bbis. hence, to Barcelona, 1, brig, 164 tons, hence s ltimp sum. importance to- Yor ‘most deserip- 0c. ‘6 market for s spirits turpentine, under a fair demand, ruled firmer. Sales were report ed" < 230 bbls. (late 6h. ted ai wa 5 100 Dbis. low ‘ar and pitch ly ade easic of month at 18c., the close. Cases remained quiet and anchany , quoted at 30c. a 3ic. 8 0c. for Naphtha was tirm|; city. At the Creel easier, quoted at held at It ae snark vas ‘Western or Foy and rather a Satacliower toed wa ia fa at On ‘city. eFinte Philadel, hia market rema! valance month. ed dul 418 do. ; lard, 404 bois, and tierces and refined quoted at 253gc. for Provisions.—Receipts—Beet, 50 pack: $; cut ments, 50 kegs. The mar- ket tor mess pork, under a brisk demand, was decidedly firmer and closed with considerable ‘buoyancy. We heard of sales of 750 bbls. for October delivery at $1485, 500 bbls. for do. at $14 bbls. for do. At $14 95; 250 bbls. for do, at $15 irre a0 bbls. for November at $15—closing firm at the higher price. Bacon for future. Sales 1, boxes (ne during the Winter months hogs were in penans, and stead: for heavy; sales of old mess were mi We quote :—Plat and market pi tions of importance. ra do., $10 a $12: India meks do. at $1 . more or less nominal at Pattee were generally quiet, and wit rices; quoted at 1 ‘e, for do, shoulders, ge. for do, shoulders, salted shoulders. smol a Ze. for dr. er emai about 800 tierces, at 8%c. for ol do. to arrive, 9. for kettle and 8%. sold at 83 3. vandaag? je, but we heard of no py er .» but we were unable to learn the Was quiet tor prompt delivery but there was more inquiry short at S cu 1-6c. a Sige. at 7c. a7%C. tnlioporant in mess, $5 a $10 rime mess tlerces, $13.0 $16, and eefhams were dull and Cut meats ut essential change in ked hams, 9 C8 i Me, for pickled hams, 1c. Sic. a sac. for do. bellies and Lard—the market for West- ed quiet and ata fed; the sales foot up Western, 3c. for new for city: January mount. Rick.—There has been about the usual business trans- acted to-day, at essentially unaltered tierces of Carolina, 50 bags of Patna an goon, all at previous figures. Scdan—There still the market remained very firm, well suj uppiied. and generally were bidding a shade under current prices, which holders showed accept. ‘The sales were 160 hh hhae of Cuba at from $-16e. prices ranging from has been less activity rices. Sales—i0 180 bags of Ran- in raw today, finers are pretty. no willingness to ds. of Be ee Rico at ve., boxes at was a shade 8} gasier, being quoted ed. ne lice. tor for A’s and ‘ee. for hards. to good tl @.5 do., 10 to ec a i2ge. do., white, 1 fining, common fo ye choices “9 Cc. & 10441 c. 5 £* centefiva sti hhds. ie. (Meee LT “pute ‘standard, told, We. 18, i sh standard, Nos. : —Cuba—Refining, inferior to common, 8c. a Ces a %.; good to prime, 6c.; prime, xe8, Ce ‘\anlla—Superior ‘and extra superior, 8c. a B%¢c. Tuanixe.—The market remained very quiet and‘nomi- nal in the absence of epee Free pe TaLLow continued in f 000 Ibs. of cammon to, choles at 9c. HISKEY, ag Rg 247 bbls. | TI rately active and 8 fons. and firm. Sales 9 5-16c. market was mode- Sales 850 bbls. at 920. DOMESTIO MA MARKETS, Gaveston, Oct. 17, 1872. ood ordinal "Sales, 350. ton In fair Gemuands midi middlnge 18hye. a 18%. § Sood or es Br oRs, ae atbeieaet nen const eae stocks rasta. Cotton quit ceipts, 309 bales. 163g0. a it ‘Bik, ay ae. Wet re- rt. 17, 1872. i low fc. Net aporte cto. the Conti- “day, 1,200; last even- Monte, Oct. 17, 1 Cotton quiets, middlings, 18%4c. + low igh 8c, 5 good orains IT3ge. Constwise Net rece! 8. Cotton. pereunian in fair deman nes 183e, a Be ag ales, to Havre, 2,300. 2,084. “Stock, Sales, 1,000, Stock, 8,711. rANNAH, Oct. 17, 1872. ‘ood offerings: jet poreibtty NSS ‘ape 3 mid- Xvorts pret ed Oct. 17, Cotton firm ; Net receipt, ath rs Sales, 1,000, demand; j midduings i gh 18s¢c. ae c, Ot 17, 1372, Spirits turpentine firm at 67 strained, $4 2 for extra No, 1, $4 Ros lows Crude turpentine, Ay aad hard, $5 tor yeh vidal wpa Tar steady, at $3 30. Burrauo, N. Eats 3 Lake iny aca Abbe: w 164 ese orn, 7 lo. ; oat do,’ Ganal shipm 572 134,598 do. ship: mmonts-heut roustctss ‘cont At 0 da 5149 do. ; barle; i: “Pie edo. Gariat frelahte heat, Ide. ; corn, pe ob ies of We 7 80; fa 88; amber, 90°80" Spring at gi: rhite $9 a $9 yi sven active hiwraukee Spring offered at, m Spring, els Port Washi 100 do. iatode. Green Bay SP at $i Ip jo. 2 in tity Zat36e. Barley dull ant Soe: for Noe Western aid So: for Sta ‘si sa ‘Oata held nso ecient eso, ‘and d lowers non o Sh 1853 81 ‘a. se] eboywan apring be faaclgasae ie. for Canade, orem. sigs 17, a's? Flour steady and in bbs at sor sxe, F%, ering, 988 noo - aay white xtra. it quiet. aay ‘qa it lai $1’ for bolted and $1 8 ir Puig ig dee New w York. 000 bush: Te ba eye 2,000 Sloman 7 ata 1,814,000 1 bo he — ea do, barley, ihe ke— ea bushels; Waren Oct. 17, Flour eg and w 3: No. 1 which ay. | gpd, lows: spring, 618. 16; No, et 8) i Ne Pi hath heaton” a orgs ead ess 1872. tive, unvettled su is yoiders ae Sie imate hen at, eee ere do. oats, pair ot Magee a Steer eater a and weak 42, ana Gaye, curren * remaiam ; sh eet eh BN iia TBYGeatoan oe BUROPEAN MARKETS, Lonvon’ Mowry. Manxer.—LOnvon. Conpuls claned si92e far Oct. 17—5 P.M. sels, NEW YORK HERALD, FRIDAY, OCTOBER 18, 1872—TRIPLE SHEET. Battea States ten-forty bonds, 7%. Erie Ratlway shares, eh aS oe middling ian for 1 December at iva Manxer.—Livenroo., Oct. 17— IVRRPOOL BREADSTU! parang ane io ‘Lonpon Paropuce MAnker. —Loxpon, Get 17—Evening,— Linseed oil, £35 10s. a $35 158. per to1 Sales of - . ADDITIONAL Cart: PROCURED ree: manufacturers a “pe pl ico: with roved oppor- ry ers m cdway, fe, si ata Agents, EEBog Pe. —A,—MONEY LOANED on Ins! jCE . Policies and other Securitiev at 87 7 Liberty wireet A er hla ged IRte NORICAGRS IN < 2 mys ge only, at 181 Broadway, PUNTRY TDAMS.—-IBUBANCE, MONEY TO LOAN off sore Pgh Toperty ry Lad not exceeding a Upoyne ‘wh offic st ag . ranch @, 1,265 Psd be rer) MORTGAGES; ONE NI pay Ci wi hotel tel furniture; frst ait lave bar tates oh satgrala 1a Up wn menarche A gould chance to make ‘AY COOKE, wou,00n & H 4 00. om! London. Foreign Exchange, Commercial Credit, a available in ail parte the JAY va & CO., ) Wall street, pus # co, Merchants and Ship Agents, No, 12 Mercaderes street, Havana, Cuba. Especial nsemtion fe a always ape te poe. rye ea oat nevang for our ‘our suport tu icles” ‘anal and accor the ex} deriv @ long practic branch of commercial Dusinioas ECRETARY'S OFFICE, ERIE RAILWAY COMPANY, New pA Oct. 8, sy ¢ ig hereby given that the Ks of th pany will be loved at its General, Oflee on the ath dey beNovember, 1872 ‘and remain closed full the 18th day of November, 1873, when the books will be reopened for Cnehere at the Ofice’ of Duncan, Shera 4 Co. who ve been appointed Transfer Agents of this Compaiiy. y order of the Board, OTIS, Yo LOAN.—I WANT TO LOAN FOR SIX MONTHS OR one year $2,000 on machinery worth $10,000, now run- ‘Address MILL, Herald office. No brokers need ning, apply. IPAE COUPONS OF THE CENTRAL COLORADO I¥-- Provoment Company maturing Noveinber 11872, will Be paid on and after, that date at the offloe of DREXEL, JAN & CO., 53 Exchange place. ME PUBLIC ARE HEREBY CAUTIONED AGAINST negot ing rawn under a = or ot credit cr Bl oe by peed Baring Brothers & rndon, to the underaigned, the said letter having bech stolen trom his cabin on ard the steamship Weser on her last pamage and being now cancelled. THOMAS WALSH, 27 West Twenty-fi(th street, N. Y. Was 'D—$1,500 FOR SIX MONTHS; AMPLE SE- curity on ane mortgage. Address MORTGAGE, Herald office. 50.000 its citys incest vans: made on art (8 city Pro es bought. yi SDHN iG “CONREY, fol Brondwa Toom 8 ___ COPARTNERSHIPS. THE I FIRM HERETOFORE bgt h UNDER THE name of Palmer & Truslow is dissolved by papal Songer The business of the old ‘firmwill| be settled ee Palmer, who will continue the shag pag} Gh aa ling ii . Ry New Yorr, Oct. 1, 1872, E. TRUSLOW. — THE REAL ESTATE MARKET. A Dall Period—Influence of the Presi- dential Election Upon Speculation— The Dangerous Character of Second Mortgages—Continued Movement in Boulevard Property—Our West End and a “New” Fifth Avenue—The Out- look and the Expectations. As in all other interests calling for particular at- tention the real estate market is suffering in re- spect to movement by the distraction which the Presidential election causes. In surveying the field of passing operations critically, duiness fs observed as the principal feature. The Barnumism which has endeavored to draw attention to rural property has certainly not been rewarded as its energy and enterprise deserved, It is noticeable as a feature of our metropolitan growth, in connection with real estate, that this year has shown less of that desire to leave the city for what are fancifully termed, “suburban homes’ than within the past few years. So many ventures of that kind have proven unsatisfactory that there is even A RETURN TIDE which, with a decline in rents of cheap houses or houses for the working classes in this city, would restore to us much of our population. The leading feature of interest at the present time, which has, however, only a bearing in prospective in the market, is the apparent energy with which the project of rapid transit committed to the charge of Commodere Vanderbilt at the last session of the Legislature is being pushed forward. The convic- tion amongst real estate owners that the construc- tion of this road is a determined purpose is evidenced in the jual multiplication of signboards alon; Pine line of the Harlem Railroad announcing that lots are for sale in this neighbor- hood, apply to “Ephraim Scadder,” Pine street. ‘The immediate interest in the market 1s WEST SIDE PROPERTY the line of the Boulevard and northerly, a, be said to be active. Two years ago 2 culation occurred in this class of roa imultaneously with a speculative ex- citement on the east side, The Boulevard prop- which anima erty, under the influence of this movement, was ee led to too high a Agu re, Serote a Tegetion’ com- 4 ing, dulness followed, t is now in the way of rapid recovery, but the cane side 18 still quiet, after he : relapsed ey stg at the perio a tioned in sympathy w: wulevard property, A noticeable feature in the Ee ped is the number of FORECLOSURE 8A) with the evident fact that in ea Sales of this kind lower prices in pro} to the tone of the mar- ket are made than formerly. Executors’ sales still command their fall share of preerment, and the pet pepeti of the seth found in the accu- ating matunty SHOOND MORTGAGES. ‘The high prices of three years ago, which induced such an ive speculation in real estate, left many poor le with pro perty upon their hands which ee! rere unable to carry. intermediate stag- jon in the market induced them to procure sec- ond mortgages when the pressure of the first mort- fe became too heavy for their means. In the Sehpe of that recovery which they anticipated these second mortgages are reaily non-nego- tiable, their transfer in fact being confined to friendly assistance. Thus most of the sales of city roperty occurring from day to day are forced sales, Owners who are not under the necessity of obtaining money refus- ing to offer their property in the present condition of the market and maintaining an undiminished firm tone in private n Begotintions. OUTLOOK at the present tme tt indicates @ steady disposition in the rents of first class prope Tty next year at the lower rates of last May. h avenue Property is in demand for business purposes, and it is safe to prophesy that as this avenue occupies the centre of the island it will be the real Broadway exten. sion ina business sense, Ball, Black & Co. will soon remove from their present location to the ponents corner of Fifth avenue and Twenty- i street, and we may safeiy assume that ers will speedily follow. orsaine of the dulness at oats existing in the market may be traced to the delay on the part of THE BOARD OF APPORTIONMENT to determine the rate of taxation for the current year mn real estate; but as it is limited to two cent, and the debt of the city is in- maxi! is more than like! for. It is hoped, and indeed anticipate: in some circles, that after the Presidential contest ts decided there may be @ revival of activity in real entate, and there is no good reason now apparent to contradict this ‘this hope. A Man After a Quarrel with a Politician Waylaid and Wounded. At the close of the primary election in the Thir- teenth ward, Williamsburg, on Wednesday night, the aide gave an angry conversation took place between Mr. John Rea, a fruit and liquor dealer in Grand street, ee im he’ Mr Aer tach younger one and an active poliitcian named Norris. Passion on both sides obtained the mastery of reason, Mr. bape |, struck Mr. Rea a sti blow . drawing & eee of Shortly at after itarted for his this Mr. Rea s when he Teached the intersec! h street he was fell ther Mr. Rea was ‘on or not. A fall ce Surgeon, mw ag Ae ate hour last night Mr. foanten “last comfortable, he wiil, no Goue, He is & man of considerable prominence Mooney wid 92's for the onionibs, Ap the jp the distrigt ond Lag bad few enemies, STATISTICS OF COMMERCE AND NAVIGA' Monthly Report, No. 10, of the Burean of Stat ties, is im press, and shows the statistics of ou foreign trade for the month ended April 30, 1873 and for the ten months ended the same, com; d with the corresponding periods of the prec year. Mr. E. B. Elliott, Acting Chief of the Bui furnishes the following synopsis:— = | oe 942,796,819 9,712,200], 40,002,067] Periods, Inporte, Month ended April 30, Month ended ‘April 30, Ten ‘months ended| re? ‘821,201,459] 409, Apri 30,187) svwssc-[ 484,768,688] 428,800,619] 24,164 It will be noticed that for the ten months April 30, 1872, the imports are in excess of th domestic and foreign exports combined to th amount of $93,005,871, or about twenty-two cent, while for the corresponding period of the exports predominated to the amount @ $13,250,710, or about three per cent. The relative amounts of the foregoing, wi consisted of specie and bullion, and of merchand! Fespectively, for the ten months ended April 30 1872, a8 compared with the corresponding perio of 1871, were as follow: , ‘973,865,485 isn si, oT 992.368 ere Bates 39 i stat tn Si Seal lke Pope y ore eta Pale ae The value of the foreign commodities remainin in warehouse April 0, 1672, was $00,058,406, compared with $66,884,202, April 30, 1871. ‘The following are the amounts carried in Ame! can and foreign vessels, and in cars and other Jan vehicles, respectively :— TRN MONTHS ENDED APRIL oe 1872. ‘River (mized (atied | Zopote SAT MSN $136, 174,543 | nae mae MONTHS ENDED ony 1871. $126,161,108| $149,151,978) 1) 311,917,101) 1 4,225,748 Import. ‘American vesvels. Foreign vessels. Land vehicles. $138,169, 489] it appears that of nee wi amount of our foreign commerce during the ten months ended Ane 30, sera one abou seventy-one per cent was in foreign vessels, an} for ny same period of 1871 nearly sixty-nine pq cent. The number ‘and tonnage of vessels en; a i] the foreign trade, which entered and cleared durin EG twelve months ended April 380, 1872, were follows :— Eee No. |e Kmerican vessels....| 10,742) Foreign vessels. 19/066] a eR Poser} iss Total... . —sos|toeana 10,840,085) 29,368 TWELVE MONTH, ENDED, AF rat Cleared. Wo.) Tone, TES i #elgu vessels -.-'| 13] _ Sorsion 9,625,711 _ Total ii In addition to the usual monthly summaries, th report contains valuable tables, showing the to! nage of the country from 1820 to 1871, incl peed Be ears, quinquennial periods and decades, and ibiting not only the tonnage Dut also the numb of vessels and crews. The report also contains a table showing th value of the foreign trade of the United States, i el dollars, by years and: decades, for the periG of fifty-one years, from October to June 3 1871, inclusive. This is followed by statemen' showing the estimated reduction customs ceipts under the acts of May 1 and bo collections of internal revenue for the ae q months of the fiscal year ended June 30, 1872; pi lic debt of the United States, bet sais at duction of the public debt 1869, ‘August 1, 1872; also an analysis. rthe @ pabile di dey of the United States, by quarters, yhoo ceipts and expendirarets from 1855 to 1872. In this number is embraced a carefully prepard table showing, for the calendar years 1868, 186 1870 and 1871, the movement of commodities warehouse and thelr calculated mean duration stay therein. The mean duration of stay, as ind cated by the data for the entire period, was ab 89 days; the duration of stay of commodities e tered during the first half of the calendar years averaging 80%; days, and duri latter half of the years 9714 days. In Philadelphia the mean stay in bir ened about 154 days; in San Francisco, 149 days Boston, 116 days; in New York, 109 Ay in Bal more, 69 days, and in New aid In the warehouses of the United Bites vind ‘stg is, in general, of shorter duration than in th Great Britain or of France; the stay in those, France being, in turn, generally shorter dur; tion than in those of Great Bri A statement is given of the exports from th United States to Belgium during the calender ye 1870, also a table showing the foe 2 of inthe United States from 1: to 1871, roth i clusive, together with sin mregard to the co dition and manu of locomotives in th United States for Al 1872. An abstract of. partial returns of the census of t! United Kingdom of Great Britain and Irelan taken April an, follows, reference to phe ht day, April 2, follows. The population United Ki creased during the decade fro ia eon ra of Aes or at the nus rate 0! 7 decade. ‘om 1861 to 1871, at the decennial rate 8.60 per cent or at the annual rate of 0.88 per cen} In England and Wales the Raptor: rates of crease for pmo riods were respectit ely a2 n 18 per cent. he United States the dece rate of Seartabe trom 1860 to 1870 was 22.6 per The foregoing are followed by a ‘migcelianeot collection of statistics, embracing the populatia of the German Empire, condition and progress Prussian banks, Austrian products of mines, fro1 1863 to 1860; Russian customs revenue, importdu' on petroleum in certain foreign countries, catto crop of the United States, Somnasene, prices produce in New York, Lass bog 1872 inclusive rices of wheat, oats, beef (and ‘wool in Ne} ‘ork for a series of aarh ireight charges from ty West to the seaboar A OHINAMAY'S FUNERAL, BThe unique ceremonies of a Chinese funeral we: performed yesterday on the grounds adjoinin Captain Harvey’s laundry, in Belville, New Jerse; ‘The dead, in whose honor the burial service wi gone through, was one Li Chow Chin, an importa washerman, who fell a victim to the severity of oy climate. The latter days of his life were passed profound communion with an ugly god, to whiq he remained desperately loyal in spite of the ze: ous efforts of a Christian minister to redeem: hi from heathenism. As he lived he died, and his burii yesterday was attended by two hundred. an twenty Chinese, the total number of+ Captain Haj vey’s im) jorted washermen. Dressed as usual wooden shoes, flabby Lagos 8, loose shirts) ai far-extending pig tails, mee assembicd in the: sp cious froning room or the jaundry, and in manners were silent and demure while aw: the removal of their departed brother. When 4 was Heads eh sper moved solemnly and like areligioy Kp nN hinamen down to their count grave in the field below. su round he grave and each threw lighted paper upon the corpse when it was laid rest. From the “ funeral pile a volume smoke arose, ant rit of Chow. Chin: wi believed to have sacar led with it to the cloud As the clay was being ped on the Chiner corpse, little sticks and 8 of nickel currend were mingled with it, and money was distribute among the strangers who came to witness the ce! mony. After the funeral the Chinamen's supp bell Tang. and they repaired prceemly to the! chopsticks and unseasoned tea and rice. A SUBBEX (F, J.) SENSATION, Colonel Fitts Frustrates the Work of Fiend. Sussex county, New Jersey, has been cons ably agitated lately over a case of abd which a tellow named Jerry Drake played an famous part, as is alleged. On Monday, Septembe 28, the three daughters of Colonel James G. Fitts, food | at Sistractea father Obtained a ony, home cores, Bie in, knew something head, ing a zo, ou examining ne Youn aa eet| Tns bre Mr ie not oortain whe ng Hampton township, some eight or ten miles fron Newton, started for school. They are aged, ay SN ant ten n years, Co ‘ adging books he othe am left she was " pan the disappearance of cor exciteme! r the See day she Kolin, 3 pia, yan the the paren his hired mai we of ter. After conaideratie threatening i an ucce Hackettstown, and — on further fight in went, when found, w: mon bon that Drake ind: with whom he tend that it was her Hy Colonel have | her home, caught the scoundrel, made & and ~ his just exasperation punished. He t Went to procure officers to 6 reat, wut the fellow In (ie meantime mad@ escape and has Lot suice boon ueard SON