The New York Herald Newspaper, November 26, 1872, Page 4

"FINANCIAL AND COMMERCIAL. —_—_-———_ 'The Northwestern “Corner” Still Maintained. MTHE STOCK LET SEVERELY ALONE. Setilements at Prices Ranging from 149 to 200. [Curious Complications of the Position of Gould and Smith. —— \A “Bull” and a “Bear” in the Same Business Firm. BUOYANCY AT THE STOCK EXCHANGE, .An Active Market and a Hand- some Rise in Prices. “Card” North- Preferred. /Fhe New wester The London Money Market Easy and Consols Higher. RELAXATION IN MONEY HERE. Oauses of the High Rates of Commercial Discounts—Foreign Exchange and Gold Firmer—Governments Steady. WALL STREET, } Monpay, Nov. 25—6 P. M. On 'Change to-day cotton was in fair demand for “spot” and active for “{uture.”’ Market firm, Fiour was dull and heavy. Wheat and corn were jou aud lower, COMPARISON OF THE IMPORTS. The following shows the imports, exclusive of Bpecie, at the port of New York for the week end- Sng November 23 and since the beginning of the year:— ‘Dry goods..... General mdse.. 1871, # $6,591,411 $6, $538,993,409 $58 S020 ince Jan. 1 984,820 $390,119, 788 The week in Wall street opened with a Yuoyant tone in the stock market and a cheerful Feeling gencrally, @ similar condition of things ‘existing in Total for week. $6, Prev. reported, $2 THE LONDON MARKET Ppparently, ifwe may judge by the cable quota- tions, which, in respect to the barometric congols, Bhow an advance of '{ a ‘i per cent, and the highest range reached tn quite a good while for ‘these securities. Something of this is attributable to the repression of the specie current toward the Continent and the actual loss of bullion recently by the Bank of France, the specie movement as in favor of London being likely to be still more ptrongly determined in that direction by a RECURRENCE OF THE CRISIS Jn the French government, which, this time, must be of serious import, for rentes, after opening this morning at 53.02, deciined 30 cen- times tO 52.72 The cable reports the further intelligence that the Paris Lourse was greatly excited, United States bonds do not appear to have been specially atfected by the influences which caused the rise in consols, but were firm at Saturday's quotations. The popular sentiment of the London Stock Market Was again taken up Erie, and the shares were Active at an advance of 102 per cent. MONEY EASIER. The money market, while stringent up to within afew minutes of three o'clock, was perceptibly easier, and the real quotation for tie day was 7 per cent gold a 1-32 per cent, although as high as 1-16 was paid at one period in the afternoon, At five minutes to three o'clock the quotation was 7 87 gold, and the last dealings were at plain 7 per ceat, with a good deal more offering on the same forms. The domestic exchanges are turning in Favor of this city, so that there is a diminishing Bpprelension of a continuance of the Activity in the money market, Thus AT CHICAGO New York Exchange is quoted at % per cent pre- mium, although money in that lty | is really scarce and stringent, the explanation being that the money is due here, At the same time thet the rate on call shows a tendency to lower figures there is little or no relaxation in the terms for mercantile paper, which is dificult of negotiation at less than lal per cent a month even for the class of standard names designated as prime. It is hard to say why this discrimination is so marked this year, unicss on the hypothesis that the capital which habitually deals in paper does not increase As fast as the mercantile business of the country. With all the high rates referred to, there is no less confidence in the average paper of the market than ‘there was a year or two ago. But, as must be evi- dent, the growth of the capital which makes a Specialty of INVESTMENT IN PAPER 18 not commensurate with the enormous expansion of commercial enterprise and the production of commercial credit. The banks do what they can toward supplying this need, but inadequately. The present rigid and inciastic banking system, which prevents the creation of banking facilities where- ever and as fast as they are needed, and restricts them to a certain limit in the Eastern and Middle States, is one principal cause of the high rates for mercantile discounts, Capital which would go into the stock of a bank, which would, in turn, give dis- counting facilities to a community, cannot obvi- ously go of itself into the business of buying paper, ‘The capitalists who have judgment enough in- dividuaily to go into the market and buy such paper are fow and far between. Grouped in bank- ing corporations they would have the services of experts, FOREIGN EXCHANGE HIGHER. Tho foreign exchange market was firmer for rea- sons which were not very obvious, unless they ‘arose out of the heavy sales at the Stock Exchange of Northwestern preferred for account of the for- eign market. Sixty day sterling was strong at 108% and sight bills at 1103. The following shows (he new standard of rates:—Sterling, sixty days ommerial, 10734 a 108!¢; sterling, good to prime bankers’, 1084 @ 10835; sterling, short sight, 110a J\0M; Parts, sixty days, 5.3734 a 5.20; Paris, short Sight, 62434 @ 5.25; Prussian thalers, 70% @ 7133 Antwerp, 6.3244 a 6.274 Switzerland, 6.3214 a 6.274; Hamburg, 95 a 35%; Amsterdam, 4974 @ 8074; Vraukiort, 4034 a 409%; Bremen, 94 a 9434. THE RAILROAD BONDS, The following were we bids for the rullroad bonds:— New York Cen 6's, °8.. 89 ‘ork Cen 6's, 187 Chie & NW con bds. Chie & 8 W Istin, New York bay fi flan & & St 1 Joule: =n uch 1o.109 Tolk Wabien. son Toi & W Ist mn, ol & Wab 20 i is, Erie fe “a m™ "33... Erie 7's, 41h mi, "80. Hid i RYs,21in 8 Nac a hae te 10 Pitts, PW & Bus ist bd: 93 O~Pitts, FWa C Bp ich conss Lot ue 1384115 Cleve & Vitig2d m, present | | corded in the HERALD at the time, was frantic | “bear? aee a SORE ae a eH willie re Howard, formerly member of Con- gress from Michigan, has been appointed Land Commissioner ef the Nortnern Pacific Railroad Company. The sales of this company's lands dur- ing the past month were at the average of $6 08 Per acre, SOUTHERN SECURITIES BULL. The southern State bonds were quict and steady, except for the Tennessees, which were heavy and offered at a concession from Saturday's prices, The following were the closing quotations :—Tenneasee, eX coupon, 753; a 76; do., new, 7534 a 76; Vitginia, ex coupon, 47 @ 51; do., registered stock, old, 39 a 42; do. sixes, consolidated bonds, 64 a 58; do. do. deferred scrip, 154 @ I’ Georgia sixes, 70 9 80; do. sevens, 87 & 90; North Carolina, ex coupon, 35% a 37; do., to North Carolina Railroad, 47 a 50; do,, funding, 1866, 28 a 30; do. do., 1863, 26 a 28; do., new, 21% a 25; d special tax, 14 a 16; Missouri sixes, 96 @ 9514; do., Hannibal and St. Joseph, 92 2 93; Louisiana sixes, 64058; do., new, 48855; do. levee sixes, 50a 56; do. do. eights, 80 a 89; do. do. cights, 1875, 70a 80; Alabama fives, 53 a 62; do, eights, 82 a 85; South Carolina sixes, 50 @ 55; do, new, January and July, 24 a 24%; do, do,, April and Octo- ber, 28 a 31; Arkansas sixes, funded, 45 a 50, GOVERNMENTS STEADY. The government market was dull and prices steady until after the easter closing of the moncy market, when a rather better inquiry ensued and @ firmer tone was developed. The following were the closing quoetations:—United States currency sixes, 113% a 113%; do. do, 1881, registered, 1153%{ a 116; do. do., coupon, 1164 a 116%; do. five-twenties, registered, May aad No- vember, 11234 a 1125; do. do., 1862, coupon, «o., zy a 1125; do. do., 1864, Go. do., 11235 & 112545 do, do., 1865, do. do., 112% a 11274; do. do,, 1867, registered, January and July, 1147 a 11514; do. do., 1865, coupon, do., 11476 @ 11534; do. do., 1867, do, do,, 11534 0 11534; do, do., 1868, do. do., 115 a 11544; do., ten-forties, registered, 103 a 1084; do. do., coupon, 108 a 108%; do. fives of 1881, registered, 109)4 a 110; do, do, do., coupon, 10934 a 110, GOLD FIRMER—1125; A 113!4. The gold market opened weak with the news of an advance in consols in London, and declined to 256; but rallied after heavy purchases by the German bankers against sales of Northwestern | preferred, shares which have becn a favorite in- vestment and speculative security in Frankfort | aud Amsterdam, and advanced so suddenly in this market to-day as to allow their profitabie importa- tion. The demand for gold on this account csused an advance in the price to 118%, but the market fell of at the close to 113, The chief fuctuations were as follows:— GOLD FLUCTUATIONS, veoe 112% 1PM tas 2P.M. 10 A, M. 1A. M. In the gold loan market the rates ranged from 7 per cent for carrying to 1-16 for borrowing. The operations of the Gold Exchange Bank were as fol- lows :— Gold cleared. Gold balance: Currency balances. The Sub-Treasury paid redeemed fye-twenties and $210,000 on account of interest. STOCKS BUOYANT AND HIGHER, The better news from London and the easier dis- position of the money market, aided by the prestige given the “bulls” by the extraordinary success of the ‘corner’ in Northwestern, ail combined to im- part a strong and buoyant tone to the speculation at the Stock Exchange, with a resulting considera- ble advance in prices. At the outset of the up- ward movement there was some scepticism of its outlasting the day, for the reason that the first im- pulse was believed to have been communicated by the “hears” themselves in their efforts to clos® their interest, a theory partially conflrmed by heavy purchases of NORTHWESTERN PREFERRED " and Lake Shore, to cover speculative sales out- ‘ standing for the account of Henry N. Smith and the numerous party who generally side with him in bis operations at the Stock Exchange. The ad- vance in Northwestern preferred was, next to and after the continued sensation in the common stock, the chief feature of the day, the price open- ing at 8634 and ristng to 102, with a reaction to921 and a closing ratly to 96 a 97, the buying among parties outside the “shorts” being stimulated by a rumor that some provision of the contract under which the preferred stock was created had been discovered allowing its conversion into the now very DESIRABLE COMMON STOOK. The sharp-witted German brokers ssw the chance for a handsome margin of profit between the New York and Amsterdam markets, and sold millions of the stock here, and immediately cabled across for the low-priced stock, which the slumberous burghers of the Netherlands were quite willing to sell at an equivalent of 87 a 83 It is said that Mynheer Von Koopimannschoopf, who bought so much North- western preferred @ year or so since, as duly re- with joy at the extraordinary demand for his patiently held investment. The next feature was Pacific Mail, which, under a fresh move of the lever by 4 THE STOCKWELL PARTY, was run up from 87 to 9134. The rest of the list advanced 1 a 3 per cent, Lake Shore, on the rumor above mentioned that Henry Smith was heavily short of it, rising to 92. Northwestern common was too high-priced a luxury to tempt a general indulgence in it, and it was left accordingly to those who were compelled to have dealings in it, The price was fixed for a time at 150, as if fora basis of settlement again, but varied subsequently from 148 to 200, with a few sales of “odd” lots at as low as 130, The relations of Gould and Smith were | discussed as much as ever, only that the MYSTERY OF THEIR POSITION ‘: ‘was somewhat cleared up by a transaction “under the rule’ at the Board this afternoon, whereat 4,000shares of Northwestern were bought in for | account of Drake Brothers, at the instance of Gar- | land, Martin & Co, From the statement given in explanation by Drake Brothers it appears that the stock in dispute had been sold “short” by Smith in the oMce of Garland, Martin & Co,, of which | Smith and Gould are the special partners and “Co.” The transaction had, of course, to be con- cealed from the knowledge o: Gould; and Drake Brothers were asked as a favor to borrow and clear the stock for Garland, Martin & Co, | CURIOUSLY ENOUGH, the stock was borrowed from the firm of Joslyn, Bach & Co., of which Smith and Gould are also special partners. The interchange of the stock and of the equivalent check was made through the house of Draké Brothers, and the transaction ended there so far as the latter are concerned, the sub- sequent renewals of the loan being made by the principals themselves, Now, Smith in the one firm used Gould's stock in the other, 80 that when Gould wanted his stock back Smith was sorcly distraught to get it. The Drake Brothers, a8 an intermediary, were called upon for the stock, but very gaturally disclaimed their responsiblity, The stock was bought in for their account, and under their protest and appeal the | whole transaction goes up to the Arbitration Com- mittee for adjudication, As a revelation of the | DIAMOND-CUT-DIAMOND strategy of the great ‘Dull’ and the great in the Northwestern speculation—ana in thelr two firms, the developments this | afiernoon are very interesting. Hannibal and | St. Joseph advanced to 85%, and some parties fancy that this means another trap of Gould to catch Smith, Notice was given to the Board tls morning of the intended conversion of | would regard any attempt to settle his Peninsula Railroad mortgage bonds into common aud preferred Northwestgra stocks under tig privt ity the ght way of business, and that I dt lege retuined in the consolidation of the two lines; but the Board ruled that the bonds having been convertible all along no such preliminary notifica- tion of conversion was neccasary. The amount stated was only $445,000, HIGHEST AND LOWEST PRIORS. ‘The following table shows the highest and lowest prices of the principal stocks during the day :— ow York Central. and I, Wentorn Untoa Telegraph. Pacific Mail. in Philedeiphia to-day Reading advanced to Pr THE EXCITEMENT SUBSIDING. The Settling Up Still Going On—The “Corner” Yet Unbroken—Scenos- and Gossip in the Hive of Stock Gamblers. The corner in Northwest continued again yester. day on the part of the victorioua leaders of the movement with unabated cruelty, Of course, for the present, speculation in the stock has been completely suspended, and, therefore, the quota- tions on the tape, while they were not very numer- ous, represented an unbroken and melancholy array of losses, As on Saturday, the unfortunate victims of the corner amused themselves in the pleasant duty of “making a settlement.” It was really vory good fun watching the long string of operators or agents of operators who stood in Iine at Osborn & Chapin’s ofice, in Broad street, waiting for a chance to step into the private office and close out ‘that little account.” Most of them were THE SMALLER PRY of the market, who had been caught on small “flyers” ofa hundred to five hundred shares, They had gone in, perhaps, for the sake of a “short turn,” selling on the chance of making one or two per cent profit, And now they were very much tn the position of some antediluvians who had been engaged in draining their back gardens when they wore overtaken by the great flood, The profits of the lucky bulls who have engineered the corner must have been enormous. Twelve thousand dol- lars or thereabouts will have to be paid on every hundred shaves of the oversold stock. An AMOUNT LIKE THAT on even a small lot 1s enough to make a man grind his teeth with rage and despair, But the leaders of the corner behaved through yesterday with a moderation and forbearance that would have been highly laudabie if it had only been actuated by an unselfish motive, Once they let the stock drop down to as low as 130, This was at the second board, the price sinking steadily from somewhere in the sixties, Until Northwest was called the brokérs were scattered allover the room, but the Vice President enforced the attention of the Board by @ haifa dozen or so of stout raps with his gavel, aud there was at once A BIG RUSH ’ to the table in the front of the desk. Every man in the room joined this mob of frantic creatures, and the hall resounded with shouts that would have appalled the hearts of even the dwellers at Bloomingdale. ‘The stock seemed to travel steadiiy down, so far as an outsider could detect, and at each ten per cent milestone on its descend- ing career there was a YELL OF GLEEFUL satisfaction. Most of the men present would have been delighted to see it sink utterly out of exist- ence, and if it could further have become a minus quantity, which, alas! is only Uooadhe of algebraic problems, andthe accounts of the treasurers of charities, they would have cheerfully surrendered a year of their life, or one of their index fingers. Revenge at any price was, indeed, the POPULAR SENTIMENT. of the hour, and when at last the bidding closed at 180 hopes were indulged in that by some circum- stance as yet unknown to the general public the corner had collapsed. These expectations were, however, doomed to disappointment, and later in the day, when, to meet tie necessities of “settling up,"”” heavy blocks of the stock had to be sold out under thé rule, Jay Gould and his partners, who- ever they are, vindicated anew their power and struck terror into the souls of their foes by push- ing we the quotations to the old, melancholy, ruin- ig ous dgure of 200. Rumors were rife during the day, and perhaps the most amusing was ons to the effect that a new issue of 440,000 shares was t be made. This was a canard of the purest and most unmitigated de- scription, Its foundation was simply that a gentle- man who held some convertible bonds had the right, to claim on them about two thousand shares of common stock, Jlug was at best, but a DROP IN TUR BUCK and even this was subsequently araaancen ‘to be without foundation. While it lasted, however, it again served to demonstrate the bitter feeling t is consuming the entrails of the vanquished tims of the engineers of the corner. Every one who heard the story was wild with ecstatic exulta- tion and rubbed his hands with glee at the pros- pect. And correspondingly long were tae faces and ruetul aud profane the monosyllabic ejacuia- tions when this thirst for revenge was disap- pointed, TUE EXCITEMENT, however, was plainly less than on Saturday, Most of the smaller victims have parted with the pound of flesh claimed from them and only a few of the bigger operators remain to swell the coffers oi the victims. When these will settle up is as yet un- decided, and perhaps they will find it impossible to do so, The interest of the operators who were not pret fa in the matter, however, is already layed out, and even this hugest of corners—for, in ts financial results, it is the most serious undoubt- edly that Wall street has ever known—will fail to be a full-fledged nine days’ wonder, By the way, that proverb had better for the future be some- what curtailed; it did very well for the days betore the deluge, but'in an era of the locomotive and the telegraph wire it is not a Mead forcible expression, INTERVIEW WITH HENRY N. SMITH. Yesterday afternoon, when the Stock Exchange | had closed, the writer had an interview with Henry | te N. Smith in regard to his position inthe North- west stock matter. In company with Mr. Smith were Mr. Vanderpoel, one of his counsel, of the firm of Brown, Hall & Vanderpoel, and Mr. Joslyn, of the firm of Joslyn, Bach & Co., a house in which both Gould and Smith are special partners. In re- gard toavery pointed question as to what Mr. Smith intended to do in regard to settling his lia- bilities in his transactions in Northwestern he and his counsel, Mr. Vanderpoel, made statements which were in substance as follows :— © THE INTENTIONS OF HENRY N. SMITH, Mr, Smith said:—“On consultation with my coun- sel, Judge Porter, we came to the conclusion that Northwestern preierred stock was a good legal tender for Nortiwestern common, and thata man | Who received Northwestern preferred stock for Northwestern common would receive in addition all the privileges of the preferred stock, for by the provision under which the stock is issued the pre- | ferred stock 1s entitled to seven per cent divi- dend, and then, if there be any surplus over fourteen per cent, the preferred stock is entitled to be paid three per cent, just as the preferred stock is ten while the common is only seven per cent, After the preferred receives this ten per cent then any earnings are divided equally between the pre- ferred and common.” In reply to the question as to how the eee (Mr. manner, Mr, Vanderpoel and he replied in one breath, and glancing at cach other, that the Board of rokers had nothing to do with Mr. Smith's individual action, inasmuch as Mr. Smith is not a member of that? Board, “I,” said Mr. Smith, “having occasion to pay to Gatland, Martin & Company—the firm in whitch Gould and myself are each special partners— 4,000 shares, I tendered them in place of 4,000 shares of common 4,000 shares of preferred stock, Garland, Martin & Co. were ‘long’ of stocks tor Jay Gould, They were his brokers and borrowed from me upon this stock, giving me the right to use of it and not obliging me to return the same certificates. When I was called upon for the stock I retarned to them 4,000 shares of the preferred stock, and they said they were not authorized by their principals to recolve ft.” HOW BARLOW COMES IN. mith explained how he happened to be uto the dimentty, It was not through stockjobbing. Oh, no! certainly not! Mr. Barlow sent for him about two weeksago, At Mr. Bar- low’'s reside’ he, (Henry N. Smith) met My. Bar- jJow and J. H, Watson, President of the Eri® Ratl- d, He (Mr, Smith) was then informed by Mr, Watson that the books of the Erie Railroad Com- Srath’s) iabilities in thi pany snowed that there were some filtecn Inillions of dollars which Mr, Gould had mis- and_ that the suspicion was Py das ste el universal that he (Mr, Smith) had just as much to do with the By in this affair as Mr. Gould liad, 41," said Smith, “assured Bariow and Watson that the ‘irm of Smith, Gould & Martin were simply bgokers for the Erie Railroad com- hat Thad never secured a dollar of money Betcnging to the Erie Raliroad Company except in not iieve Chat Mr. Martin haa,” “Lam golag to contest tis thing ia the Qgurts,”” 1 Iw x08 WR EK, Mr. Smith, “and I'll bet any amount of money that Twin.” SALES AT THE NEW YORK STOOK EXCHANGE. Mond: lov. 25—10:15 A. M. NOG $1500 US 5-20, c, ‘67. S100 UAE's "Al, 3 0, 0, Ub, . 500 200 200 300 S00 200 71% 500 500 14 wo 32 30 4 300 2 500 Te 20 sa z eB : iy 7 10 Fi Hoc 10 200 FA 155 200 $3 % 1st 100 i ie 22 2m ry 200 9086 ed : ae a 67 8976 500 ry 109 2. 1% ae ai BY 20 Chic it Tikit... 109 100 ary I do .. i : 87 100 10 200 8738 400 200 Brig 400 200 87: 100 2 : 19 600 lo. B8iG 1100 de 8834 400 a 8833 1600 a a” 100 4 wD do: 200 Mil & St 1200 NY 200 a 00 SEEEESSESES ESSE: Se Sepsezeueeee LOND Mo Oe tt 3000 N ¥ G'6's, 200) Erle Ist m ° 1000 Harlem Ist’... 99) 2000 Alb & Sug st 6 Am Dk &imp7's. So (Fae wat buss 109 Un Pac Ist tn 5000 U Pac 731 S00 OMideRL & Pace 1000 G, 100 Wells-largo Ex.be 84 10) West Un Tou..bes 77 100 100 0 280 400 i 100 Mil & SP iit Ou do. 74 10 de io Quick Si pi 20) American, 200 Marivo: 200 1 100 do. 31 Chic & Al ond eae 31 Mor: it RR. bdo RR. ie 12:15 and 2:15 P. M. $9000 US 5's, 10-40,¢.... 1081¢ 15000 US 6's, cur. 1 5000 US 6's, *31, 10, 12330 P. M.—Before Call. th, 100 shs New Cent Coal. hs 100 shsC & N W pref... 91¢ a West A n Tel 200 do. . BERESSEIESS Ps SSShess Second Board—1 P. » . 19 Be $1000 Cen Pac gold b. Lovo Union Pac Isti n Pac 10's, 10) Bur, © R 1000 Mich Sou stb, 200 shs American: Coat, 200 Con Coal. 0 New get Jen Goal. 100shs LS & MSRR..¢ 30 do. TRAST eee se Sse! ere z= 800 Mariposa pret. S3.be83 1 4 Atlantic do eo 52'¢ ea: oie: iwc, o€ td in: bo 5x 2130 to 4 P. 100 shs © AN W Ruri 158 100 do. 6 155 NEW YORK HEKALD, TUESDAY, NOVEMBER 26, 1872—TRIPLE SHEET. SSeeey : bm * fs 1200 ot a0 ot as 200 ¥ 400 | Fy 4 91 9654 0, o ao 96 isa : 91, 00 Ht & BLO tt 3 1 tanto i 8 Ga rr if 53 300 Harlem RR-...-... 114 do: 3 200 Erie de + 52g as 3000 & RI Rit. 2 e 100 1000 2” i lay ® 200 a 3 400 35% 100 Py x 1 1300 bia) ie} om ce ie am 955 500 : 200 400 ie ae bw 5135 lo 91} 100 is wo 15¢ 1000 oa 7 92% OW 928 100 800 to, ae 2000 & NW kit. isc 149 OLOSING PRICES—4 O'OLOOK P, M. Western Union. 0535 96 iticksitver on! as Ge By Peed aN Fe leksilver, 8 2 Union Pucitic.: Northwestern—No tion ; last sale 200 ca: COMMERCIAL REPORT. Cotton in Demand and Firm; Receipts at the Ports 25,411 Bales—Flour Heavy—Wheat and Corn Lower—Oats Firmer—Groceries Quiet=—Pork sand Lard Unchanged--Petroloum Dull—Na- val Stores Steady—Whiskey Lower. MONDAY, Nov. 25—6 P. M. The merchandise markets ruled steady as a rule to-day, and the present week opens with the same buoyancy and firmness which characterized its predecessor. There was scarcely 80 much activity as there was last week, but there was a good deal of looking around and a promise of a good aggre- Gato business for the week. There was less dis- turbance in the money market, but there will naturally be more or less uneasiness until tho stock market shall have once more returned to its normal condition. Of course, this disturb- ance in the money market exerts some influence upon commercial matters, but the mer- chandise markets have not been affected to any appreciable degree. On ’Change there were few radical changes, The flour market was exceed- ingly dul, but prices underwent no material change. Wheat was dull, lower and nominal, ex- cept for very choice, which was held firm. Corn was dull and lower, closing with still a downward tendency. The pork market remained quiet, but firm for lots on the spot, which sold to some ex- tent at full prices. Lard was dult and heavy. There was @ scarcity of freight room, in view of which rates were decidedly higher. Cotton was in fair demand at steady prices for lots on the spot, but better prices wore realized for future deliveries. Gro- cerles continue very quiet, but there was no essential change in prices noticeable. Petroleum remained duil, but nominally unchanged, There was a fair demand for spirits of turpenting at steady prices, but rosin re- mained nogle key sold moderately, but at a decline ork ‘alc. per galton. Correr.—the markel was quict today for all descrip. tlons, but considerable firmness Was manifested, owing to favorable advices trom Rio, le of 3,30) bays Kio ex meemay Ursula at timore wee reported on nae Fate terms, Wei quotes—itio, ordinary cargoes, 1b. 152g0.; fair, 16. a 1044 iprime, 18, 8 Bo c. a Iso.) extreme range Ce iota igs: 8 Wee: oid, per Ib. pa ot credit; Java exevernment hu pi Bie, 9c. a ; 8 matsy 19C. 3 lie. ylor ge. Maracaibo, oe. oige. aga, Ihe Jamaicu, 1c. a bor ae Domine, tiie" Gdstox, “There was 4 fair movement in spot cotton to- day at steady prices. Future deliveries ruled firm, with abrisk demand. ‘the sales sum up a: Bic ‘To-Day. 2, a 4,004 For the sales” have ing atier 0 c.; December, anuary, 100 at 187 ruary, 200 ak YO) We 1980.4 ADF, 400 at dice, 00 at 19346, Total, 100 pales.” Sal 100.at 1hge., Oat 1990. 70) So January at Lows : ‘Sut. Erening. Export... 0 Consumptior Speculation In transit, Total... eC 2,238 Included in th: ¢ 250 bales to arrive. fature delivery (basis low middling) th been as follows:—Sales Saturday even 200 at 19 3-16e., it November, £00 at 1934, "2300 at dake. 900 at {9 %e., 200 1c. 1,000 ‘Noveinber at 193; 500 Match at 19¢c., toxethe oe dod at 18 Ueto Loi at liye. iy atts 15, 5-16c., 80) at 13% ie. 10) it 19e., 100 at at 193-16e., 100 at 19 ide 19%4., 100 at 198;0., Batis 200 at Mar N 19 bles, 200, 200 at 1g. ee) at 19 Svc, ES at 1o%c at 195 May, 100 at 19%. 19 15-160. Total Mrtbo bates, ‘Grand totaly "22800 ‘bales, The receipes at the pore sum othe, as follows :—Galveston, 3,000; Savannaty, 6,318; 2 Wwiinin to, rh Nout folk $s fimore, 282; New York. 75, Bi 32. Tota jay last week, 23,274. rhis pet last vee IN 758. Rates of cotton to foreign ports, closed find at the! fot: lowing fizures:=To Liverpool, by steam, 3 sail, ‘4d., no room; to Havre, opin il {c., Compressed: to Hamburg, oy soa ie o Bremen, by steam, 1c. ail, sari stoann, via Gneland, Mediteztasioan ports, v fan uote OR tte Upiante Asian Noe Orleans. Taran Ordinary sate t Good ordinary 83 1sig 18% rh Strict good ordinary, 18 ‘hae 19° 19 1933 Low middling, 134 1, Midaling i 19% 2 20 Good midiiing: 2074 214 21% —The quotations are pe on cottyn.in store, running in quality not more than half a grade above or below the rade quoted. erouit AND GRatN,—Receipts—Flour, 11,738 bbls. ; whent, 194,317 bushels; corn, 207, corn meal, 9 bhis't oats) Si 107 bushels; varies, The flour’ market ruled Ault and heavy, but prices, Were nominally he ame, The sulex, comprising all Kinds; were only about 800 bbls, Gorn ined was also dul, but pees remained nominally steady, We avo No. : 2: s B 3 ceceesBamnumt ian SaseumS oe sa Extra Minn Round hoop Ohio, siiipping brands Round hoop Ohio, trade brand ily ; St. Louis low extra St. Louis straight extra Bt. Louis choice double extra St. Louis choice family SSSSESRSRE: Southern super: Southern extra Southern family...... Corn meal, Western. Corn meal, Jer: RESARESSS: 3 & Seem cevecet mm eso Prcentg “I ‘S BE e SSSKSESRERSSSSS SSH RSAISES: Terese reesepEresppsperesse Corn meal, Brandywine. 9 Baltimore 0. be Calorie 306 Puncheoi 10 0. be 3= ve FE ae Avy ily He, a 20. 10 No. 2 ted to some bY at xf “18 i “si "ss but prime was offered at $1 56 without find! ng buyers: The sale were about 5000 pushels, mainly inferior Sp Fig, 1 41a $l 45, but including some at $ Winter Ae$1 Goat 70, and amber ac $175.. Other descriptions were not dealt in and nominal, Corn was dull and lower, closing at 63%c. The sales were about 115,000 bushels, at Gle. a O44¢c., carly, but mainly at O3igc. Tor sall mixed. Yellow and white were nomial, for both Western and Southern. Oats were strony, i closed with a fair in- quity at better prices. The sales wore about 78,000 bushels i ‘lc. for old Western mined, In store} 63)4c. for do. atloat, See. for now N No.2 Toledo atloat; Sc. a 50%c. for rai ‘white held above the views of buyers, Barley was duit partes apartio thelr views. Ryo—ales 600 bushels of Wester’ mater Freionts,—There wae but little Sot, in berth froights to-day on account of the searcit: There was no accommodation for fet rain gfreres fo ek, and rates were entirely nominal. business was Also quiet, but rates were not ma engagements wer grain (ate Saturda at aa, 16d. ain aad 730). sushole grain, las Dushels grain at 94 ii, Thc only charter we heard of Was an Italian bark (rechartercd), 4,80) sta) grain to Cork for orders to the United Kingdom, Mowasses.—The market remained in the same condition as hitherto noticed. No sales of importance were made, 1,000 boxes O iendon by steam, ct by steam, 15,000 bet) being confined to jobbing lots of domestic. We Grea pe Crop. New Crop, ba. alain and mixed. vo ot. . —a wera English Is! New Orleans. NAVAL Stones.—There was a moderately fair iemand for spirits of sorpen Une and the ra was firm; we heard of sales of 165 bbis., in. lots, a and 67 bbls, at 62c, Rosin remained quiet and without Eilts it change in value; strained quoted at $3 8) 9; sales of 50) bhis, were made on private terms, Dut held with much Armness: 3 bbls. bi and 50 do. of Ws ‘dha fon 8 Ls Purnoutina nge and entire refined crating wae duit niyore and gellers rematminy apart in their, mle, held at 27¥e. Crude it was ashade farmer, win ot, reported for his: non 085 D bls at 1 tha was rather wagior,, and 208 bbls. of city tans were al Qewly bell absta 3a, Nt ‘the: crave rt) market remained i, i were xtra toa bis; oa a ates for dione’ ssnene aoe 50 a $25 for India pete, 3 do. ‘wore veld at Cut meats—Trade to-day ‘vas only’ ate, but there was no esse! Western romaine ally demanded 54c., wit! 2uy tierces steam at ¥) pa 84c. ; 200 tierces, do., to ve mber, tierces, for January, at are. and 250 tiereds fon Feb Pa: ruary, ou private terms, Sales iW0 thorees at 83¢0., for No. sid Shee. fo for anpeey ie. Rice,—Trade was moderate and at unchai Bales 45 tteroes Or Carolina at 7%e. a 8¥¢c., and: ‘bogs tome oon at 7c. a7 eBeranun Wis quictand stightly easier; 65 tierces sokt it Sugar.—The market for raw has been unusually quiet os a and while there were no sales of consequence prices remained nominally ee Was, in very light requ a Gere tata, alte, de . + ood to prime, 10c, . rime to’ choi ones, 1 osge- = vie, ‘sa ‘hhds. iatanannds Wont to #'96, RNC ao XO, yeni don isto 1s a Ony ge ido, 19 wat Porto Ried Reaning, Lge 5, Grocery, ae &, choice, a Ase. doi ib to ib palme. de Bo. a re glanderd AN a mc Now. 10 to ate ike te Re a out anda. Aton Wa alee ae qulot, but steady, at Qo. for elty. 3 likewise quiet, iy ity. Sales ot an 1 94 country was eWay it 08 Bhs the. mn ach Gay wag gain lower. bis ae oderately Sige. ‘and 190) Tinh ‘at (macs DOMESTIO MARKETS. jALVESTON. Nov, 25, If Ae snake iy. DEA ARy, Nov, 25, 1872. aba rate tee: low Cotton steady; good ennai bales. Exports ‘coastwise, 1, Stock, 49,107 bales. Cotton active and firm middiingss lve. ¢ imiddlingse toiges Net” recekp phic bares; gross, 7,516 bales, aia, ‘0 the continent bales; “coastwisn, 2.073 bales. Sales today, 2 last — 1,20) bales, Stock, 133,057 bal palin Wiigern Weer aaaninger labee os Ae ip in a 18kc. ; middling c, * Net rece! 193i i 1S arts aastwise, 2782 bales, se pn, aia Bony bales, JAVANNAH, Nov. 25, Cotton quict and firm; madi Wie N tbage, Net Feecipta, is das 18 bales. Exports coastwise, 2,048 bales. _ 2,204 bales. Bates’ stock, 70,25. eesti Noy, 25, U Cotton steady, demand moderate; middlin: Not rocotpts, 1,90 bales. Exports cdastwise, 2, Sales, 1,00) bales, — Stock, 28, BS Lialos, LOvIsvILLE, Nov. 25, 1872. Tobacco firm, Sales very ight, Gecaiptes jimall Monts, Now 25, 1872, ie. oy GO, Ne 1872. alone stendy and in good demain sales of 2 bl t $3 for No, L Spring, $9 for amber Winter, $9 75 for Waite Winter, $10.5) tordouble extra, Whont quict and nominally, ufichanged. Corn dull: sates of 1000 bushels atszc, and one car’ al Barley bushels prime Bay Quinte ‘at $105.” Corn meal, $125 bolte nbolted, Miieed ‘stead or owt, proces $17.59; snipatunts sig boy am dling ha per ton. Railroad reli get on, iew Yor! Sic. Gaunt freights. © 0G, to New to al Fork: tumbor, 94 15 to ihe ttudsons ; Becelbts by Iake— 50,000’ bushels wheat, 31,000 do. corn, 4800 do, pens, 908,000 feot lumber, Stuipmients by canal—$,300 bushels corn, 24,000 do. Darley, 1,142,000 feet lumber, The canal is {a good condition, and boats are passing reels . TAS 0, Nov. 25, Grain in storo—Wheat 218,552 bushels; cons, 19,000 oats, 15,500 do. 0,200 do. ; barley, 307.2 Darley matt, 0125 don Lake tiiports Th de bbls. ; wheat, 12,472 bushels; corn, 138,010 do. do.; barley, 2,00 do. Canal shipuents— bushels, cof, 4050 do. oats, snk 0. 5 do.; rye, ail shipments Wheal b, Bb els; corn, 100 d 8, 32,2 mait, 1,400 do. Flour quiet; Wester. 91°25 jbnkets'$70 7 50: amber, $3 50 a $8 755 Wheat dull; saies in small lots pring at $1 3, aud Chicago No. 2 at ales in smal ots at 2c; for No. jheld at 37e. for Toledo No. 2, Cutcaco, Nov. Flour quiet and unchanged, — Wheat ‘quic lower; sales of No. L Spring at $118 a $1 20;'No. ast one ‘sy a Ft ry Milwaukee No. articles unchanged. $110 on. the spot, seller December; No. 3 di $1 0034; rejected, 5 quiet, weak aid lower at Sligo. a Slfec, for No. 2 mixed“on the spo of, S14. wellge December; rejected, se, Oats steady at ac. tor No. 25 rejected Bbsres 2a Rye firm and, scarce at No.2, Barley steady at 624c. a 63140. for No. 2 Fall. Provisions in fale demand and lowers Pork stoad' at $13 $13.9) spot. seller December casier at $18 13 50. Lard in fair demand and lower at7\c. a Tie Spot or seller, December: 7:40; eller January. Gren meats in fair demand, af lower rates: naley of ates pots shoulders, 3c. a long clear mid-. infidis, for shoulders see ott 3. a Ge. ; bull ‘clear middles “Whiskey reights—Corn to Buffalo, 114 pts—5,000 bbls. flour, 60,000 busheis wheat, 46,009 "34,000 do, oats, 8,000 do. rye a 1 2,000 do. ‘bartey. Shipments—7000 bbls. Hour, 12,000 bushels wheat, 9,000 do. corn, 17,000 do. oats and 61,000 do, barley. Witmincton, N. C., Nov. 25, 1872. Spirits of turpentine firin at Sic. Rosin ‘steady at 33 25 for strained. Orade turpentine stead; for hard, fly $9 for yellow dip and virgin rae s in. at $4 THE OHEESE 1 MARKET, “Gries, N. X Nov The market ‘here was very na da) ‘Tar ste: 1372. ee ‘offerings reached fully 6,000 boxes, of ‘over 2, 2,000 were: sold. The prices were 1340. a 13!ze. The market may be considered about closed for the ‘season, as most of the factory men will have disposed of their cheeso in some shape before thojnext market day, and will have gone into their Winter quarters. At Little Fvalls the sales cf private dairy cheese reached 1,800 boxes, the ruling tigures being a ‘There were 4,00) boxes of tactory sold ont ie. EUROPEAN MARKETS, Loxnox Mowry Marker—Loxnon, Noy. 25—6 = Consols and American securities closed intohanged, a four o'clock P.M, the quotations were as. follovs:—Gon- fola tor money, uty tor the account, HAC for United States free twenty bonds, 1865's, old, 91; "Erie Railway shares, Ae Pants Bourse—Panis, Nov. 25—P. M.—Rentes, 52f. Tic. Livenroot, Cortox MARkET—LIvERPOOL, Nov, 25~6 P. M.—The cotton market closed firm. ‘The sales of (he day have been 14,000 bales, including 4,000 for speculation and ant Sales of middling uplands for December at for January at 93, of middling Orleans for —_ 9 11-16d. ments of cotton from Bombay Sifiee the last report to te 2:th inst. have been 4000 bales. Liverpoor Breapstorrs MARKET—LivERPOOL, "Nov. 25— 2:8) P. M.—'rhe market isquict. Wheat Us. dd, alls. 10, Per ecital for ned Western spring. Corn 20s per quarter. Flour, 30s. per bbl. for Weste Livignvoot. Pi Paonvce Manket—Livenroor, Nov. 25—Even- 8 5 ing.—Linsced, £35 a £35 per ton; common rosin, 11g, a Is, ta per owe “spirits of Frarpentine, tts per cwt. ; refined petroleum, 19d. a 19!4d. per gall on. die eae & Provpuce *ManKet—Lonvos, Nov. 25.—Tallow |. per cwt, Pernoveun MaRReT—Awtwerr, Nov. 25.—Petroleum, Sif, for fine pale American, TRAFFIO ON THE CANALS, Burrato, N, Y., Nov. 25, 1872. Snow has almost entirely disappeared. The canal is still open and navigation is unimpeded, The prospects for shipping during the next ten days are encouragin + > BPINANCIAL. JAY COOKE & £ £0. BANKERS, enn offer to investors the FIRST MORTGAGE LAND RANT BONDS of the Northern Pacific Railroad Com- ny. PiXitention is called to the ample real estate security om which these bonds are based, in addition to the usu: guarantee of a first mortgage on the Road, its equipments and trafic. ‘the Lands of the Company ‘thus lar sold have realized $6 97 per acre, | LARGE ESTATE ‘FUND WILL BE LOANED ON first class city property + other fund in buildings im Course of erection and to buy mortgages, Address AT- oat box 319 New York Post office. A& VERN 'T CLAIM OF "$50,000, WITH PROOFS tii in aml passed tipo and must soon be paid. Ad- versity compels me to sell; small part cash, balance in good property, Address Gove T, Hérald offtee. FIRST MORTGAGE “OF nt ipeel WANTED—ON AN ao and grounds, worth $9) jerald office. JOR SALE CHEAP—A DRAFT ON A FIRST CLASS Baie House, amounting to about $1,00), payable im Safes, Address, with real name and, bustnes: location, OLD TRAVELLER, Herald Uptown Branch offiet AY COUKE, WOU LLC Lombard street, London, Foreign Exciiance, gt BAclaML eo eseteiat Credle. ie traaters, ‘able Trai Cirentar Letters vellers available im ‘all p parts 9 ‘or the ore JAY COOKE f co., OD Wall street. OTICE 18 HEREBY GIVEN TO HOLDERS OF OLD Mariposa Securities that the option at present ban to take the Mariposa Land and Mining Com} anys soos Will close on the 30th inst., at the office of the Mariposs Land and Mining Company, 34 Wall street. 300 WANTED—BY A_ PHYSICIAN OF GOOD practice, for six ot twelve months, at 12 per Gent, $20 bonus; security, ho furniture and books of $1,000 value. Address DOCTOR, Herald 4. 000 —WANTED AT ONCE, $4,000; SECURITY 2, poy regular, but belicved to be absolutely safe, Address W. C. .. Herald office, $6 500 WAXTHD-IMMEDIATELY, ON Finer 2) Mortgage on house and lot worth $25,000; or commissions paid. Addross or apply to A. In. G4 Duane street, New York. &10, OO Wort# pF, ,STOCK,,70, uxPorHE. 4nd fobs Seat bonnie given’? wok ty deed cont guaranteed ane per cent bonnis given; wi eth od and Sats te Mow.” Addéows BROOK. lerald offe NTED=FOR TAREE YEARS, ON 5.000 mon of, Roal Estate in Bo 00 aint tae d Fo eet Youn ik COMER, fs 50.000 ft ‘this city ws ror oftice, onty: WANTED—ON FIRST RST MORTGAGE on filet, Le! class improved real estate pee FIRM OF SMITH & MEAD WAS THIS Day dissolved. ‘End bitsiness sf the firin will be Conti he old pines (122 Kightia avenuoy, by ite RY V. MEAD, PACU SMILE, New Yori, Nv. 35, (87% HENBY V, MBAD. ttt