The New York Herald Newspaper, November 15, 1872, Page 9

Page views left: 0

You have reached the hourly page view limit. Unlock higher limit to our entire archive!

Subscribers enjoy higher page view limit, downloads, and exclusive features.

Text content (automatically generated)

FINANCIAL AND COMMERCIAL. | The Boston Monetary Excitement a Vision of the Past. 4 MIXED MARKET IN LONDON. Consols Down, Five-Twenties Up and Eries ‘‘Cornered.” The Bank of England Discount Rate Unaltered. A Lower Average for the Gold Premium and an Unsettled Speculation. — —_—— DECLINE IN FOREIGN aed MONEY CLOSES 7 PER CENT COIN. —_—————-. The Stock Market Heavy, Dull and Lower. A Gounterpart of the English Rise in Erie. Earnings of the Erie Railway—Moeeting of North Carolina SBondholders—More Resump- tions of Lately Suspended Brokers. WALL Srnusr, THurRsDAY, Nov, 14—6 P. ‘uw. } On ‘Change to-day cotton was in good demand, and ‘go. per Ib. in sellers’ davor for fots on the “spot and 1-léc. a %c. for “future” delivery, Flour was dull, but unchanged, while wheat and orn Were quiet and lower, more particularly corn. COMPARISON OF THE EXPORTS. The following shows the exports, exclusive of -@pecie, from New York@to foreign ports for the ‘week ending November 12, and since the beginning of the year:— 1870, 1871. 1872. For the week.... $5,808,002 $4,793,905 $5,365,829 Prev. reportea...158,12,780 294,847,327 199,767,701 Since. Jan. 1..$163,937,782 $209,611,232 $205,133,530 THE LONDON MARKET. The Bank of England directors made no altera- tion in the discount rate this morning, and the minimum stands as before at 7 per cent. The bul- lion account shows a decrease for the week of £136,000. The quotations of the London market are 80 irregular as to afford no real clew to the condi- ‘tion of money, our bonds having advanced % a % per cent, while consols are lower “for money,’ with a difference of 3 per cent in favor of transac- ‘tions “for account.” It is possible that consols are suffering by COMPETITION WITH AMERICAN BONDS, ‘and that while the money market is easier invest- ment seekers are taking the latter in preference to the former, and perhaps selling their consols. Erie shares showed arise at one time of about 4 per ent as compared with the lowest quotation made in-London since the news of the Boston fire—the sudden advance being attributed to a ‘rig’ orcor- mer upon the bears incidental to contracts expir- ing to-morrow, which is the regular fortnightly set- tling day for the Stock Exchange, the next occur- ing November 29. FOREIGN EXCHANGE LOWER. The foreign exchange market was lower on a ‘better supply of bills drawn against commerciat and bond bills, and at the decline was fairly active. ‘The following shows the range of rates at the close of business :—Sterling, sixty days, commercial, 1073, & 10834 ; do., good to prime bankers’, 1083; @ 108% ; do. short sight, 1108 110%; Paris, sixty days, 5.35 a 6.28%; do., short sight, 5.25 a 6.23%; Prussian ,thalera, 71 @ 7145; Antwerp, 5.323¢ @ 5.26% ; Switzer- land, 6.31} a 5.25; Hamburg, 35% a 365; Amster- dam, 39% @ 40; Frankfort, 4034 a 40%; Bremen, 94% Oy. GOLD PEVERISH—113 4 113%, The gold market was feverish and unsettled Owing to a continuance of the conflict end chang- ‘ing sentiments of the street, At first it was weak and dropped to 113 on the advance of our bonds in\ London and the decline in sterling, but rallied and seavanced to 1133, with the export of nearly @ mil- ation and a half of specie and the sale ofonlya ‘Million gold by tife Treasury, but fell off again to 113)¢ and underwent a closing rally to 113%. The specie export was $1,410,000, of which only $60,000 ‘was sliver. The bids for gold at THB 6UB-TREASURY: calied for a total of $2,695,000 at prices ranging from 112.38 to 113,25, The sale was confined to a ‘million, which was awarded at 113.26 a 113.15. The Sub-Treasury paid out $383,000g)n account of. in- ‘terest and $6,000 on account of redeemed five- twenties. The course of the market is shown in the gold ioan market:the rates ranged from 7 er cent for carrying to flat for borrowing. The Dperations of the Gold Exchange Bank were as 47,639,000 bag 2") 2,341,253 THE RAILROAD BONDS. The following were the bids for the railroad bonds :— . + Tol & Wab cons con.... 87 Bost, H & E.7's, Cedar F & Minn Istm.. 80 SOUTHERN SECURITIES DULL. The Southern State bonds were dull and firm The new South Carolina July issues sold at 24%. A meeting of North Carolina bondholders will be, held in Baltimore to-morrow evening to concert measures against the meeting of the Legislature on Monday, at Raleigh, for the advancement of their interests. The Committee on Securities have admitted to the call a new issue of $200,000 Mis- sourt sixes, known specially as Asylum bonds. The following were the closing quotations :—Ten- aegsee, €X Coupon, 73% a 74%; do, new, 73% a 144; Virginia, ex coupon, 45 1 48;do., registered | stock, old, 38a 42; do. sixes, consolidated vonds, 54.860; do. do., deferred scrip, 1534 a 1644; Georgia sixes, 70.8 80; do, sevens, 872.90; North Carolina, ex coupon, $4 a 3454; do. to North Carolina Rall- toad, 46 @ 48; do, funding, 1866, 26 a 30; do. do., (908, 2% @ 26; do. mow, 20 @ 2%; do. special tax 6 15; Missouri Gixes, 08 9 93%; | NEW YORK HERALD, FRIDAY, NOVEMBER 15, 1872.—-TRIPLE SHEET. a do. eights, 82 a 85; South Carolina sixes, 50a do., new, January and July, 24% @ 25%; do. do., ‘April and October, 25 8 27; Arkansas sixes, funded, 46 a 50. MONEY EASIER. Tne money market was easier and steadier as to rates, but @till active as to the demand. The early business was at 7 currency to 7 gold; but be- fore the “money crowd” adjourned from the board to the street as high as 1-16 per cent was freely paid for aovcommodation on pledge of the usual collaterals. In the later dealings on the sidewalk there was a relaxation to? per cent gold and the inquiry closed at that rate, with an abundant sup- ply, however, at 1-82 (the latter equivalent to about 11 per cent per annum.) Nothing new transpired in mercantile discounts, which were quoted 9 a 12 per cent for prime names, A considerable failure in the tea trade was announced this morning. GOVERNMENTS FIKM, ‘The government list was firm, but without im- portant variation in prices, the market being a shade duller and leaving off quiet, with the following quotations:—United States cur- rency sixes, 113 @ 113%; do. do., 1881, reg- istered, 115% @ 115%; do. do., coupon, 116% a 117%; do, five-twenties, registered, May ait No- vember, 112% @ 1125; do. do., 1862, coupon, do., 112% @ 112%; do. do., 1864, do, do,, 112% a 11254; do. do., 1865, do. do., 112% @ 113; do. do,, 1867, registered, January and July, 114% a 115%; do. do., 1865, coupon, do., 114% a 116; do. do, 1867, do. do., 115% @ 11554; do. do., 1868, do.do., 11534 a 115%; do. ten-forties, registerod, 108}, a 108%; do. do., coupon, 108% a 10844; do. fives of 1681, registered, 10934 @ 110; do. do., coupon, 1095; a 110, ERIK RAILWAY BARNINGS. The following is the return of estimated weekly earnings of the Brie Kallway Company, commenc- fog April 1, 1872:— 1671, 1872, For week ending Nov. 7, aix days.......... 204 $420, Previously reported.......° 11,20%501 11,252,255 Total earn’gs since April 1. $11,671,705 $11,672,845 Increase for week. Tnorease to date.. STOOKS WEAK AND DULL. There was a sensible moderation of activity at the Stock Exchange and a weaker market, with a lower range of prices, although the decline was not important outside of Pacific Mail, which seemed pressed for sale and went off nearly two per cent In the general list the decline varied froma quarter to three-quarters per cent and was more than cov- ered by an average of one-half percent, The more active feature was Erie, which, in sympathy with the reported “CORNER” IN LONDON, advanced to 52%, but declined afterward to 50%. An English ‘corner’ is a far less dangerous affair than one in this market. In London stocks are generally sold ‘for account,’ equivalent to our “regular way,’’ except that the delivery and pay- ment in all such transactions are deferred to set- ting day, which comes twice a month. Should the “bears” overseil a stock and be unable to make their deliveries, & committee of the Stock Ex- change, having jurisdiction in such matters, fixes the penalty or rate for the use of the stock which the “bears” must pay to the “bulls,” and the whole speculation goes over to the NEXT SETTLING DAY, and soon. Our operators would go “short” all the time on such easy terms as these, were they the rule of our market. The several investment stocks reputed to be largely held in Boston have been quite weak since the fire, Chicago and Alton being down to 10244 a 110, and Michigan Central to 113%. The stock of the newly organized Mariposa Land and Mining Company was admitted to the cail to- day and elicited the quotation 17 9 20, As heretofore explained by us, each one hun- dred shares of this stock may be had by the surrender of one hundred shares of the old preferred, or two hundred of the old common stock, and the payment in addition to a cash considera- tion of 15 per cent. Pittsburg closed at 88%. Messrs. Stewart & Matteson, who were forced to suspend on Monday, have paid all claims and re- sumed business. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks during the day :— Western Union Telegraph ‘eatern Union Teiegra In Philadelphia to-day Reading closed at 11334. was lower and SALES AT THE NEW YORK STOOK EXCHANGE, Thursday, Nov. 14—10:15 A. M. $5000 US 5.20, c, °65, n.. 114 Mo0e US Sane; 6S: HSsS HBS 10 A. M.—Before Call. 400 chs West Un Tel. 100shs Uni RR... 4% 300 do. 100 do. 34 200 q 500 do. we 1500 do. Ty 00 us yo, do. 200 Fr} 00 a or 700 70.8 ui Baal i : od 300 20 do. 100 :™ FS 1500 100 F igo 100 107: 1400 100 300 300 100 200 4 . 5. 200 700 3 me ie BO Mil & StF pr. Te re] Sad is 200 93}_ 100 Tol 400 4 56 in 4 400 de SL 1600 4, wo di 80% 400 44 1600 Ay 43 300 New Central Coal. ¢ C, 31 100 LS &M SER. 300 31 1100 a 100 31 100 20 31 200 0 31 400, Bi, 400 3r 1000 . 100: 31 300 100 Si 10 = do 100 31 7™ = do. 100 + I 100 do. First Board—10:30 8C 6's,n, In &Jy. 4% 100 shs Un Pac RR, n 6's, Wi. My 700 do, Elke Seen en sa AS i pace SEPT ESS Sagres POs rel. eH. i 300. v 88h = S » . a Ei 10 w 1 24 W Bs 884 100 az 85h 100 tu BBiy 200 300 Bah 20 1% oO 88%, 100 77° 8) 1100 76% 20 70 76%, 900 oot 100 0 Big ie Bs Ki wo are 76% 10 39 SSseSeSesses: 200 Clow & Pi se B Olow & Pitts, nid. x See S555 : pte me ee StPeen BclsesESsSeseesees os eee a e See SSESE UB6's 'S1, US 6's, "81 fon 12:40 P. M.—Bofore Call, . sie m1" 200 i 77, 10 sake His io 62 300 & tae a 87ig 500 suis 300 a 87% tO 89 a, & a 800 CI 108 800 . 107) Sais, 200 se m 513, 200 01 “4 5154 1600. “ Gis, 200 SL S155 100 31! Si 100 3L oa ' i ; i Std 100 shs Erie RR. 400 do. ot oh ‘200 do. = 5h ov do. SL 20 do. OL 200 do 30 do. 51 500 do. 130 200 do. 51 55% 600 do. oh 5” SO LSAMSRR bec 88: 6, 200 do. 415 300 do. 473, 700 do. 473, 100 do. 88! #3 2 FS a 1. 400 do... 88) 100 Un Pac Ril EY 20004 P RE BS 600 W0Chic & N ” 400 200 do... cry 300 SCAN W 87! 0 16% 75NJ Cont 103! 100 a a Oe 10a 70 . 76% 120 &RI 167: 100 4 0 : 100 lo... 3% 400 a 107; 10 U 0% 100d 1300 Pac M 4, 200 do. 500 do. 87%, 300 a 100 81g 100 do. 600 s 200 Mil & 400 8754 200, do.. 100 867, 1001, W& W 99% 500 700 do. 093 C 200B, H&E -bo 7} 100" do. ae: ow TOOhIok MRR. be 44 200 86% 400d “4 100 86% 100. di 100 87 100 Morris : 100 As 15 100 lo o 200N 936 10ONJ Southern RR:. 26! 300 E: 824 100Col,C &IC RR.be 315 Ey 400 do.. Bi'y 200 rt c 400 shs West Un Tel do. SESESEUEHE Seeses! = z 2 4 aeetetS2 2 2geF eerresce S555; eaepEeuene = Ca SEESESSSSESSBEESEE Cotten in 1-8e. Better; Geod Demand and 1-léc. a Receipts at the Ports, 17,828 Bales—Flour Dull—Wheat | Easier—Corn Lower—Oats Firm—Pork Dull—Lard Weak—Freights Firm—Pe- troleam Quiet and Unchanged—Naval | Stores About Steady—Whiskey Firm. TaHuRspay, Nov. 14—6 P. M. There was acarcely any improvement in trade circles to-day, the markets generally still feeling the effects of the great Boston fire. Business was very generally dull; but there were a few excep- tions where activity and buoyancy were the ruling ‘ enaracteristics. The dificulties of local transporta- tion are mostly surmounted, and the Iuil in buai- ness has proved an effective aid to this end, there being decidedly less call for transportation facili- ties than there was twoor three weeks ago. The Boston fire has exerted but little influence on the value of merchandise here, as yet; but it is highly probable that in some few instances some changes, more or less important, occur, 80 soon as a more accurate knowledge as to the extent of the losses shall have become arrived at. The move- | ment of produce to-day was but moderate. On ‘Change flour continued dull. Wheat opened firm, but subsequently closed easier. Corn was de- cidedly lower—a rainy day and firmer freight mar- ket were the principal causes. Provisions con- | tinned quiet, and while pork remained nominally | the same, lard was a shade in buyers’ tavor. The movement in cotton continued quite brisk at a further advance in prices, both for spot and future. Groceries were quiet and unchanged. The same remarks ‘will apply to the petroleum market. Naval stores were a little more inquired for and easy, without being materi- ally lower. Whiskey sold moderately fair, at former prices. Corras.—The market remained quiet, but firm, for all descriptions. Prices were nominally the same, and as follows :—Rio, ordinary cargoes, Ie. a 15%c.; fair, 15%c. a l6c. ; good, 17c. a 1734c.; prime, 18c. @ 1834c., gold, 60 and jaracaibo, 16c. a 180. ; Laguayra, 17c. a 18}. ; - 18}4c. a 19¢., gold. The inquiry for spot cotton was light, but, in- fluenced by the upward turn in future deliveries, holders offered very sparingly, and the marketruled firm, The annexed quotations show an advance of 4¢c. per Ib. on all grades, For future delivery the market was active at an gaseme of 1-Me, @ ge. per Ib, The sales sum up as fol- lows :— To-Day. Last Bee'g. Total. Export. 397 m8 Consump 1,088 2178 Total... 21,583 —Included' ‘ia’ the above are 225 bales to arrive. “Kor future delivery (basis low middling) the sales have be 88 follows :—Salos last evening atter throe P. M. Der, 400 at 18 11-160., 200 at 184c., 900 at 18 13-16. I8\e, ; December, 200 at 18 7-16c., 100 at 18 9-16e. oat ; March, 400 at 19¢., '100 at 19 1-160, April: loge, 260 at 1914c., 600 at 19 5-160. May, 29 197-i6e., 300 at 198c., 100 at . 5,850 bales. Sales to-day up to tiiree P. M.—November, 6) at 18 13-16c., 100 at 18%c., 300, 3 18 13-16c., 600 at 1szee, 200 at 18 15-160,, 200 at \,700. at 18 15-160.; 100 at 18%4c., 200 at 18 15-160. 200 at 18740. Ly 18 15-160,, 100 at IB%gc. 160, 300 5 300 alt 18 9-16¢., w at 18%4¢., 100 at 139-16c,, 100 ‘300 at 189.16c., 1,3 at 18ho.; January, 1,400 at ‘at 18 11-160, ; Febru. ary, BO at 1874, BD at Isic, AN at lage. ; March, oD at 19 1-160,, 200 at '19,, 300 at ‘19 1-160., 196," 400 at 200 at 193¢¢.,’ 100 at 19 1-16c.," 300 400 at 200, at 19 3-16c., Ge. Apri 30 at TOiKe, 100 nt 19M. 1, ny 0 at he 900 at 195-1 Grand total, 2,900 bales. port up a8 follows:--Galvoator Inst your, 14,895. Rates on cotton to foreign firm ‘at the following To Live! vy steam, T-léd, a 36d. ; sail, $161.5 to Havre by stoam, 1i¢c. od: to Bremen. by ste fe, : ball, Lge Via” England, Si; to" Medibe by steam, via England, 4." We preasod Ports by steam, ports —The ‘juowatons: based on cotton in store, running ig quality not more than half a grade above or below the grade auoted. anaye AND Sake — ace to—Flenr, Bj byte a 3,542 bushels; corn, 5 lo. ; corm La. 300 bags; oat bushols; barley, 9,571 do. ; rye, 600 do. The flour market continued dull but there was wo per- ceptable change in prices. The inquiry wast home trade and for ex; Sales since ovr bbls at prices within the range of the annexed quota tions, Corn meal was in limitod with 350 taken at ‘and $3 85 20 a $3 40 for Western yellow for Brandywine. We quote oO wuutamugraiSoxSaresa3s SemmuvcisesaSeaissesess08 FF SRESARKSESSASSSESSLSELE: Slsesusvessessessucesaxsss ‘unc! —The wheat lente Mo CI closed 6: at seis loot up akous 78000 Danhelp at 87K eee about a fair to cholee No.2 Milwaukee ‘afloat, Si dia Ft No. 2 Chicago Spring, $1 28-a-$1 30 for 8p Sipe No. 3 Spring, aflost 63 for Wintor, 91 8 $1 75tor amber do,. and $206 for extra choice whi i Corn opened firm, but uently closed. cidealy.tower, with # fair te about I mixed; , 6Sc. a Ghee. for do., and cl at i Ss g digi Gee haan oa Bae eeeT: moderately active. sale boa: ae argc. for old State’ mixed,” in wore; rt b other descri wero nominal. ptions : Vaarauts.—Berth freights have be rates wore'a shade botete Is the Mharisriag tae thers was a moderately fair call for vessels fo some inquiry for suitable. vowels for gral and generat FR io gag Eo rain at 9544. 6000 Dusitols Ds lee bre ivwhoat atid. au ak TS Antworp, 600 tierces of e charters in rd elude:-~A British, bark, 2,200 quarters grain ders, 7s. 0d. ; an Italian bark, 4 light pipe staves, $48; « British barks 2c, ue) ‘at 220, WNark, benos to Balboa, 2,100 bbls. re- ined petroleum, Norwegian bark, hence to Cork for orders to the United Kingdom, 1, Is, naphtha, 88.; a British bark, trom Philadelphia to Balboa, 2,000 bbis. re- nee cc ka Ono Ce (el Yorn ey Jy er re- fusal in, and other charters pending for petroleum, but not closed at a late hour. Motasexs.—Trade was a9 usual confined to jobbing lots of domestic, and, although prices were generally nomi- nal, there was no particular change reported in any de- scription. We quote :— fe ‘“ Cuba—Centrifugal and mixed. 17c. @ 1c. ao Olayed...... 20c, a 25e. Muscovado, refining. lo, grocery. Srriits Sil We. a Thc. be a Nava. Storws.—There was rather more inquiry to-day for spirits of turpentine, and, if anything, pricos slightly favored the buyer. Wa heard of sales of 60 bbls. at 6 gc: do, atGlc., and 55do. atélc., flat, closing at about lc. isc. Rosin opened and closed about stcady nt $4 30 x 3 for strained. We note sales of 450 bbls. strained at 2, 100,do. good strained at $4 40, sold to the extent of 50 624%, according to size. ‘No trade was reported on 'Change in any description, but nevertheless. the market remained very firm. Refined quoted at 2734c. tor spot or month; crude, in bal t ate nominally; cases at $4c., and naphtha at with small sales rumored within the range. Oreck the market was quiet, and quoted at $445 on er, $460 on the lower road and $475 at Oil City. iladelphia market was inactive, but exhibited considerable firmness, Refined quoted for spot or month atac., with sales reported (made late yesterday) of 2,000 bbis. at that price. ° Puovistons.—Recelpts—Beef, 868 packages; 1,177 do. : lard, 605 bbls. and ticrces, ‘The market for mess pork stili continued very quiet, but, notwithstanding, d with coiisiderabie firmness; quoted for round lots at $1570. $1575. We heard of sales of 260 bbls. ofmew meas for December at $14 50, and 500 bbls. of do. for January at $1450. About 360 bbls. sold in a job- bing way at $15 875g a $1590. Bacon was in fair demand and unchanged in price. Sales of 50 boxes long clear for December at 8%¢c., 50 boxes long and short do. for at Bie., 25 boxes 81 ‘ib ¢. Cash, 500 boxes short clear for January at 7%c. a7 1s 900 boxes long and short clear at the West for nuary, on private terms. Beef continued firm under # "good demand. We note sales of 2,300 bbls. and tierces at from $21 a $22 for new prime mess, and & uv a $25 for India mess. Beef hams were firm at $31 a $33, with sales of 100 bbis. within the range. Cut meats attracted but little attention, ex- cept in.a jobbing way, when sales were made at full’ for- her prices, We quote sales in round lots of 200 boxes shoulders for January at 6c. und 30 boxes bellies at Bsc. a8%c. cash. Lard—Tho murket for Western was quiet and weak, closing at about 85-10c, We heard of aa! 250 tierves wooden-hooped, sellers November, at 8 00 tlerces kettle at 8%c., and 250 tlerces for February at 8%e. ,clty lard wasduil and easy; 150 tierces of steam brought Sic. a 8%c., and 60 tierces No. 1 at 8isc. Dressed hogs were again lower, and weak. Quoted at Sic. a . for packing, and 7c d 7c. for pigs. juGar.—The market for ‘taw sugar has been quiet to- day, but, notwithstanding, full former prices were yet current. We have only t note sales of 2 hhds. Porto Rico at 10\c.. 200 hhds. of Cuba at 9c, a 10c., and 1,000 boxes of centrifugal on private terms. Refined was but iaoderately dealt peepee, were unchanged. Messrs. "Amann & Co. Fe o stock, sales and receipts as ows — a Hhds, Bozes. Bags. Melado. Stock (ascertained by actual count, "ind ‘ tion), Noyomber 1, 1872..... 22,660 37,347 76,042 1,515 ceipts sinc» the ist of No- vember 6,756 - 120 20,416 76,42 1,635 9,266 48,350 | 560 Stock this day, November 14, cat ile iar rd ae an..s0 23,202 1,075 remaber fT 1.80 200,747 8,969 vember 17, IBI0....- 37,006, 870,000 © 636 Comparing with vember 17, 1869. —We quove :-—Cul te eae ae a rime to choice, 10%e. « 10%c.; xe, ig & ile. mole tae ribyens d oy to 18,1 » Ta lbyers do, 3, bicer a 1adKer; do.,' white, a jominal at a Tie. BINE Was offered freely at for hhds., . ‘icrose, within the Tange: range. in nhds., at 9c. none, and ts, 880 bbls. The market Bote at that prices) YA" Arm at Salen 200 1,000" Tbe. ooo with sales Saas DOMESTIC MAREETS, GALYxston, Cotton active; good ordinary. I6c. SE EEA gil ee New OR Nov. 14, 1872, Cotton gotive and stronger; low a Des, ic. ; mid- 18%c. Net recei bales; gross, . tonto the Continent ; comitwise, 714. "Sales to- jay, 1,000; last evening, 3,700. 5 1 tock, 124,48. Mosiuz, Nov. 14, 1872. Cotton firm and advanced; good ordi ii middlings, 18e.;_miadliny bales. Exports coastwise, 777. Cwantuston, Nov. 14, 1872. asiness: mi nominal, ta, Als bales. Exporte—T e° Cbubinent 360 Stock Lovrsvitus, Nov. 14, 1872, Tobacco steady ; sales unimportany, Picur steady: gules £008 tains 6 Bes tee Wears ir sales . at jor . oat ate tey Winter, ‘90.78 for whice Winter 4 eg at 6 jv. 14, 1872. je. Net re- tain, 1 ee Cos heudsy, tans ice given rece: Grdar Britain, 2788; 10 32,195. 1 Spring. see 4 toe quiet; white Canada held at $1 8. ic. pe A qaiet; uplake 02 1 05; Bay Quinte at $1 06 bushels choice uplake at $1 06. lull; sales or ushels Canada, in bond, on private terms. Corn meal—$1 40 for bolted. $135 tor unbolted per cwt Millfeed. paenseeesy hor ‘ i; nada 4 shy] M, 7c, j ‘ork, @0e. 5 Receipts by lake~260) bushels wheat, 1,450 do, barley and Yeet_ lumber. canal—7.000 bushels wheat, 37,000 do. bar: fret to Albany, 2c, Shipments by ment Tey mpd 124,000 feet lumber. URRALO, a ae + BBL do. 5 ee ‘bushels: 3B, lo. ley malt, 36,991 from ‘lewators—Wheat, 38,550 oot, 2,20 do. i barley, 21,20 extern. Spr ing, #t “a Wr Ds bakers, 87 50. 8% A Se a $135 tor jilwaukee Ni ot No.2 in lots at it B60. ; No. 2 ‘eastern, 80c, a 85c. a $l 2; 6 ledo, %6c. ey dull; Canada, 85c, ; Barley malt—Winter Western, $1 15! $1 26. Other articles unchanged. Cnidaao, Nov. 14, 1872. Flour quiet and unchanged. Wheat dull and ‘lower; sales of No. I Spring at $1 13; No. 2 \do. sellor November; $1 01%, seller ber Me.; rejected, Sige. Corn opened fi and steady; sales of No. 2 mixed, #15 steady at ite. 8 dle. for No. 3 ley tirm at 6c. ¥ at $15 tor old Cok td for ne Tige, Bulk meats—Old entirely nom long clear meats quoted at igo. for shoulde tor Ske “or short. rib tnlddies. | Utes fe, a, tor shoulders, 6c. a 6c. 1or long clear and short . | Whiske: ly at Hee ; to Onw 7 rib middies. Hams sold at 7} . We. Freights—W heat anol 22,000 do. bursheis wheat, do, (bartey. ate. steady at new quotable middles, 63. a to Buffai Receipts--5,000 bis. four, 85,000 b corn, 200 do, oats, 2,000 do rye Shipinents—7,000 bbls. four, Sa do. corn, 102,000 do, oats and 1 EUROPEAN MARKE;TS. ts sum Ginareston 23 evi niga. i7ab "this day last wook, Lonoon Money Marger.—| Consoly cloned at 98 for mone; cannt. aited States @ At the hour of eR eg ag for the account 92%. United States tive- 6, old, Bt; Kenfordes Bie” rie Hallway” shares pans voORT t.—FRANEFORT, | c i Fuanrout, Nov 1 Calted States Pants Bourse Panis Wot (dnt osed at S20, 6. Livmeroow Corton Mancer.—Liv Nov. 14-5 P. tig day have been ig fio telee, fngnaneed.. The sales o¢ fation und Sxpore. Av one octeck 1a ink aoa or AP CGt report of the transactions read as toll: :—The rk fe ’fem; middling uplands, 94.; middling “Orlenuss eRPOOL Bamapstures Mai —Tho market is quict. nawr.—Livuaroon, Noy. l— Corn, 28%. per quartor Tiverroon Provisions Manker.—Livekroo., Nov. si 6d. por tierce. P ernie POOL PRropuok MaRker. —| woot, Nov. i4— |.—Tallow, 44s. per owt. |, £35 58. a £36 Ls, per ton. Lonvon Propuce Manger.—Lonvox, Nov. 4—P. M.— Tallow, 45s. 6d. per owt. HAVANA MARKETS, Havana, Nov. 13, 1873. Exohi United Stat sixty da currence: oper ett iat Sete Hea she ht, |, 19 a 20 premium. FINANCIAL. ee A —MONEY TO LOAN ON BOND AND MORTGAGE +» in New ¥ Bi m and New Jorsey. Princi- Pals only New ork et a WOOD, Tr. iss Broadway, A —MONRY TO LOAN—ON BOND AND MORTGAGE on ee. York and Brooklyn roperty | second mortgage ipals ith. SGALLUENDEN 2 LAWRENGE, 9 Plao atrect ADDITIONAL CAPITAL PROCURED dor norehanta manuinctarers god ofbers, Persons with fabittes, Rein . IN, Trabrishiey Hea, cnshicr Peoples’ Bank, &c. GRIGGS, CARLETON & CO. ~#inancial and Business Agents, 8 Broadway. F°%, SALE—FREEK OF ALL ASSESSMENTS, 100 Shares of the Blectro Moter and Battery Company, now doing. @ good business, Apply at Ll Wail sireet, room ‘No 10R SALE—20 SHARES OF THE MANHATTAN GAS Hor: mpany’s Sok. Address GAS STOCK, box 131 Neuss 18 HEREBY GIVEN TO OLD HOLDERS Securities that the to Will close on the 30th inst, Land and Mining Company, 4 Wall street. BCRETARY’S OFFICE, ERIK BALLWAY COMPANY, New Yours, Oct. 8, Notice is hereby given that the Transfer Books of this be ol atits General Office on the 7th day of November, 1872, and remain closed till the 18th day of the books will be reopened for or t rates 187%, wi transfers at the office of Duncan, Sherman & Co., who have been a) ninted nator Agents of this C. Dy Orde Ot the Boake MeN, OTs, Secretar TOOK PRIVILKGES.—STOCK SPECULATIONS ON A are very uncertain; therefore call on us or felegraph to us (ore | Privilege costing only one per cent and our broker; alt lars furnished by LAPS- LEY é B. 7, Brokers, 47 Exchange place. $200.00 git Morigagge gn Kew York ot Brook: . 8 on New York or - lyn Property. RUFUS K. MoHARG, 77 Cedar st., Notary and Commissioner for every State and Tertivory. $300 00 TO LOAN—ON NEW YORK, BROOK. . lyn and Westchester Real Kstate, in gums to suit; no bonus required; term ot years. C.K. WILLIS, Montauk Insurauce Company, 168 Broadway. _. COPARTNERSHIPS, OTICE I8 HEREBY GIVEN THAT THE PARTNER- ship of Win, M. Blias & Brother is this day dissolved, John W. Elias having withdrawn therefrom, and that tho business will hereafter be continued undor the firm name oi Wm. M. Elias & Co, WM. M. ELIAS, New Yous, Nov. 13, 1872, J. W. BLIAS, 6 mo CONDITION OF THE NATIONAL BANKS. DE The following abstract of reports made to the Comptroller of the Currency shows the condition of the national banks in the United States at the close of business on Thursday, October 3, 1872:-— Resources. Loans and discounts. . seseeses $872,520,104 Overdrafta.......... 4,677,819 ‘U. 8. bonds to secure circula 382,046,400 U, 8. bonds to secure deposits... 15,479,750 U. 3. bonds and securities on hi 12,142,550 Other stocks, konds and mortgages. 23,633,151 Due from redeeming and, rgse 80,717,071 34,486,593 Due from State banks and ban 12,976,878 Real estate, furniture and fixtures, 32,276,498 Current expense: 6,310,428 Premiums...... 6,546,848 Checks and other cash items + 14,016,784 Exchanges for Clearing House..... 110,086,315 Bills of other national banks. 15,734,008 Bills of State banks. eee 53,198 Fractional currency. 2,151,747 Specie........+ 10,229,756 Legal tender notes. 102,074,104 Clearing House certificates. 8,632,000 United States certificates of deposit. 6,710,000 ‘Three per cent certiflcates............ 1,555,000 Total........+ seca eee ee ee $1, 755,857,098 Number of banks, 1,019. Liabitit Capital stock.. $479,620,174 Surplus fund 110,257,516 Undivided profi 46,623,784 National bank notes ou 3,495,027 State bank notes outstanding. 1,567,143 Dividends unpaid.. 8,149,749 Individual deposits. 613,290,671 United States depo: 7,853,772 Deposits of United St: Ofiicers. 4,563,833 Due to 110,047,347 Due to State banks a: 33,789,083 Notes and bills rediscounted. 6,549,431 Bills payable, ...........00 6,040, Total... + +$1,755,857,098 THE EUROPEAN MONEY MARKET. The Drain of Gold from E: ‘and to Germany—Enormous Consumption of the Precious Metal—The German Im- pertal Co! ge and Fi: COB. (From the London Economist, Nov. 2.] According to the latest announcements the Ger- mans are still making progress with their gold coinage at a rapid rate; and a notification has just been made as to their future intentions, which should be received with some interest. The facts as to the coinage are that the total coimed on the 12th of October was:— ‘Twenty-mark piece: £14,898,372 | Ten-mark piece: 1,734,271 322, 652,86 £16,682, 643 pi ly reported to the 7th of Sep- tember was £14,125,474, showing an increase of £2,507,169 in the five weeks between that date and the 12th of October, or at the rate of £500,000 per week. There has thus, at the latest date, been no relaxation in the rate of coining which has now been in progress for many months, In these circumstances @ notification is stated in the Ger- man newspapers to have been made to the effect that in the year 1873 the German government in- tends to keep on increasing the amount of ite gold | partmen 25,000,000, and claims Fda {nm proportion, fimita the tasue to seventy-tive or sixty percent. Were Germany encumbered with the same act aoe sian Bank, with upwards of twenty-four eas hards cash and 8 circulation above forty millions, would have succumbed already, while the pripct ple that one-third to two-fifths of issued notes, cov- ered in gold,is sufficient for general purposes, allows tho Prussian Bank to dispend its bargaina at five per cent, and still to be considered power- ful, without having the benefit of the Prussian Exchequer, overflowing for the present from ordi- nary sources even, SEIZED SMUGGLED GOODS. Oi <a a al The Seizure Department of the Custom Housc—In Appearance Like a Huge Jank Establishment—Contents—From & Needle to an Anchor—Smuggling Re- duced to a Scicnce—Valuable Goods and Common Rum Stored Together—A Piano and its Contents—Modus Ope randi of tne Contrabandistsa—The Law of Evading Payment of Duties. Asale of goods seized by government officers a various times is advertised from the Custom House to take place some time during next month. The exact day upon which the auction is to held has net been definitely settled. The reason therefor is that the law requires such goods to be advertised three weeks for claimants, who have the privilege of redeeming the wares updn payment of duties and expenses, All the seizures made by oficers of the customs cas ; under charge of Mr, Dudley P. Phelps, Deputy Collector of the Ninth division. The large room in the basement, under the rotunda of the Custom House, is fitted up for the purpose ef receiving the smuggled wares, over which Mr. J. R. Dillon exercises supreme supervision. A visit to this establishment amply repays all trouble. Piles upon piles of boxes, bales, trunks, cases, demijohn's, bottles of every shape, size and color; packages with every imaginable cover; valisea, cans, baskets and numerous other receptacles which can be made available to contain contra- band goods, fill up this large space and are bem Scheduled preparatory to being offered for sate under‘the hammer, to realize government duties, seizers’ moleties and fees of the principal Custom House éMicials, THR QUALITY OF THE ARTICLES to be sold is as varied as are the colors of the raim vow, and may be classified as good, bad and tm different. The variety of the goods would do credis to @ select junk establishment on a very large scale, Here may be found wares, —eee from a common jack knife to the most costly veivel cloak, trimmed with the finest and deareat fur; dress patterns of every texture, betweom common poplin and gros eas Silk, cloths, casal- mers, flannels, velvets, ribbons, laces, linens and @ thousand other fabrics too numerous to mention. ‘The greatest bulk of the seized goods, however, consists of smuggled cigars and cigarettes. Of the former there are now on hand about one hundred and twenty-five thousand, including such brands as Henry Clay, Ne Pius Uitra, Reina Victoria, Ke- galia Britannica, Flor del Fuma, &c., of choice Cuban fabric, while another portion’of tne ci are of German origin, and have a villainous flavor. Several millions of genuine La Honradez cigarettes: will likewise be offered at this and sold to the high- est bidder, THE SMUGGLED Goops, as a usual thing, are introduced into port by steer- age passengers landing at Castle Garden, tn trun and packages having the semblance of buggaze. It is amusing to see the variety of articles contained in one of these packages. Une lot, for instance, is made up. of four pieces black silk trimge, 144 yards; eleven pieces colored silk fringe, 198 yards; thirty-three colored silk cords and tassels; twenty-four pieces (2584; yards) colored chenille and five pieces colored ribbons, Another package contains thirty-five lace sol covers, valued on an average at about $10 each, ‘There is acase containing thirty dozen napkina, ninety-eight and a half yards table covering, 268 yards dress silk, &c. Qne old piano, boxed up, “well conditioned” for ® sea voyage, on bei opened, was found to contain, besides the soundin wires, flity-seven silver watches and one gold an one brass do., besides some silks for dresses. This lot will realize the seizing officer a nice litte moiety. Another valuable selection of goods, tured and stored here, contains various lots of human hair, running in bunches of two, five, eight and ten pounds and over, Good hair is very vaia- able, and readily realizes twice its weight in gold, Thus the list of seized goods might be continued ad libitum, filling columns of this paper: but the above is sufticient to give the reader an idea of the magnitude upon which smuggling is carried on. 16 must be remembered that ouly a small percentage of the contraband trafic is detected, there being so many avenues of escape for the contrabandisé and his plunder which are entirely outside of the pale of the customs officials to encompass or pursue. WAYS THAT ARE DARK “and tricks that are vain” should not be applie@ exclusively to the “Heathen Chinee,”’ but are fitted more aptly to those civilized personages who have reduced smuggling to a science. Yesterday one of this cleverly devised but bunglingly executed transactions came to light, demonstrating shrewd- ness on the part of the officer who seized the goods and ingenuity by the smuggler who planned the scheme. A passenger arriving in the steerage of the Bremen steamship Main, on the 13th inst, came to Castle Garden, having in his possession four heavy blankets. ‘Iwo of these were covered with black cloth and two with very fine red flannel Inspector Frank Meyer suspect the “blanketa’”*® and opening one with his penknife observed the lining to be otherwise than cotton batting. The ostensible coverings were seized, and on being rippea apart were found to contain ten Roplia dress patterns, fine red and white flannels, heavy beaver for two overcoats, fine broadcloth for dread coats and splendid cassimer for three pairs of pam- taloons. The value of the whole cannot be less than $350. A great deal of liquor is also gied by sailors and others, in small quantities and various meth: ods, Some of this spirit is good, while the most of it is of the tanglefoot order, worthy of having been distilled in the Fiftn ward of Brooklyn. ‘There are usually about three sales annually of seized from the Custom House emanating from this department—tnat is to ssy without being ordered by a Court of condemnation. The Collector is authorized by law to confiscate goods under $608 in value; su seizures above thet SmOnne meee 4 dergo the due process of le judication, if ‘condemned are sold by the United States Mar- shal on behalf of the Custom House authorities. There is @ great deal to be written about this de- interest to the public which our space to-day will not permit to elaborate. NEW YORK CITY. Comptroller Green paia yesterday the Depars ment of Public Parks for the use of their Depart- ment $30,000. “ A meeting of the Board of Revision and Vorree tion of Assessments was called for yesterday at the Comptroller's office, to act upon the conformation coinage. It intends to coin in that year:— 15,840,000 twenty-mark pieces £15, 840,000 3,960,000 ten-mark pieces... «+ 1,980,000 OUD sesvccccccsncsssessseccssssecnses asian OOO If this Lips ae ead is carried out the German de- mand for fo id for coinage is likely to be as great for year to come as it has been in the current year, while the supply will be much more dificult, owing to the depletion of the markets. The average an- nual yield of the gold-producing countries of the | world we have shown lately to be about twenty million pounds, so that the German demand alone would absorb very nearly the entire amount of the current annual production. THE CIRCULATION OF GOLD IN GERMANY. To THE EDITOR OF THE ECONOMIST: Sin—Hav! read your valuable article on the money market of last Saturday, | beg to draw your attention, with regard to German finances, to certain facts perhaps unknown or misunder- | stood im this country. I quite agree with you that Germany is in possession, as well of the twenty millions disappeared trom the Paris Bank since 1870, as of the many millions more drained from here; but, according to Parita- mentary documents, the military chest, as you call it, holds of it only one million and a hali sterling more than it always had before 1870 or 1866. ‘The seventeen millions sterling worth of gold coined already into the new German money are cer- tainly in circulation, or at least as mucn open to it as any hard cash in the Bank of Engiand; and if we do not yet discover much of it in the hands or | pockets of the public in general it is because sinc the admission of gold in Germany asa lcgatstan- dard, with a great chance of soon becoming the sole legal standard, the German banks, private and public, try to keep their spare cash quietly in the new gold coin and to get rid of their silver. The present overwhelming demand for gold is, therefore, not the consequence of German (na! cial mismanagement, but naturally follows out of the adoption of a standard alteration in a country where checks and Clea! {ouses are almost un- known, deposits theretore insignificant, and where | no central bank, as the Bank of England, balances hundreds of millions without the use of a single sovereign or bank Rote, Yet Germany 1s as thriving a country as any in Europe. But we have to deal, under these eae aes ee ty a of a money standard, suggested and supported by a colossal ransom to be paid in hard cash within a given time, which will, and must, drain the gold market till either tle retaining of the double standard is settled—a question expected to be de- cided by the next Reichstag—or till a better outiet tor silver than at present facilitates the exchange. ‘The ralsing of the discount in this country cannot thwart the purpose of a government bound to certain changes, and essed of ample means to do it. On the contrary, the higher the premium the more these means will lead to a command in this market; and although OF that process we | shall undergo certain ymporary ease, we must expect for a time sudden ductua- tions, and will in be made aware that we labor under a Bank act based more on & Saute than a principle—a figure which at a time When 10,000,000 of gold were considered a comfort- able stock at the bank, because it allowed an issuc Of 160 per cent uacovered noted, With 20,000,000 or | of assessment lists for street improvements; bat, ow to the absence of the Counsel to the Cor- poration, the meeting was adjourned till Mondap next, at one o'clock. ‘ ‘The Fire Commissioners yesterday appointed the Boara of Examiners for the Fire Department. Their names are as follows :—Chief Engineer Perley, | Assistant Chief Bates, Assistant Engineers | and Shay. Their work will be the ceamiaation et candidates for admission to, and promotion in, the Department, They hold their first session te morrow. Annie Young and Nellie Smith quarrelled, foughs and bled on Wednesday night last at 32 Bayard street. In the plenitude of her rage Annie laid hold of Nellie’s left cheek, nor did she relinquish It until she bad bitten off a good big mouthful. Both were yesterday morning urraigned before Justice Sbandiey at the Essex Market Police Court and held for trial in the special sessions. The fifty-ninth annual meeting of the Female As sistance Society, for the reitef of the sick poor, wae held yesterday in the Collegiate church, Mrs. Dr, Purdy presided, The report of the managers wae presented by Mrs. A. E. Oakley, Corresponding Secretary. The document details sundry interest ing cases of their society charities, “the following figures, from the report of Mrs, J. M. Bogart, Trea- surer, show,a very healthy financial condition :— Donations and subscriptions, $4,171 47; interest, premium, &c., $363 64; saies of bonds, $6,621 25; Comptroller Green’s donation on account, $3,000; disbursements, $4,200 87 for coal; managers (or distribution, $5,965 49—leaving a balance October 1, 1872, of $6,064 01, of the Protestant Episcopal Church in New York met at noon yesterday in room No. 21 Bible House for the purpose of organizing an Indian Hope Asso ciation, for the propagation of the Gospel among the Western tribes, Among the partics pree ent was a Chippewa Indian named J. J, Enmegahbowh, with his wife and child, who is an Indian missionary, stationed at the White Earth Reservation, Minnesota. Colonet Kemble said that the government at present waa in advance of the religious bodies in this work. He had 4 report from the Secretary of the Interior which said that it would be negessary to send moral and religious men out on such a mission. | is the first time in history, and a very magnificent fact, that the government supports them in this food work, iss Mary Emery, Secretary of the ‘omen’s Work Society, then read and submitted ® series of by-laws and constitution for the guidance of the society. A committee of three, consisting of Miss Wisner, Miss Mary Kmery and Mias ii. C. Kearny, was then appointed to confer on suitable uoiuinations for oiticers of the agsuciation, te render their report at the next geners! mocting.

Other pages from this issue: