The New York Herald Newspaper, December 3, 1872, Page 8

8 FINANGL AND COMMBRCLA Whe President’s Message and the Cabinet Reports. THE EFFECT IN WALL STREET. Secretary Boutwell and His-Old Fear of Government Expenses. ‘The Question of a Resumption of Specie Payments, The Lucid Views of the Secre- tary of the Treasury. TAXES NOT TO BE REDUCED., The Postal Telegraph Can Be Built! by the Government. An Early Advance and a Closing Decline in Stocks. RAPID RISE IN PACIFIC MAIL. Gold Firmer and Foreign Exchange Higher— Government Bonds Up—Money Active— Erie Railway Earnings Oorreeted. Wau. Grazer, } Monnay, Dec. 2—6 P. M. On’Ohange to-day cotton was in limited re- quest and unchanged for “spot,” but slightly bet- ter for “future.” Flour remained quiet but steady, ‘Wheat was firm and corn heavy. COMPARISON OF THE IMPORTS. ‘The following shows the imports, exclusive of specie, at the port of New York for the week end: 4ng November 30 and since the beginning of the year:— : . 1872, 1870, 1871. Dry goods:..... $1,892,837 $1,223,810 $1,230,089 Genera! mdse.. 4,0 ‘006, 950 4,421,116 6,023,612 Total for week. $5,899,787 $5,644,920 $6,258,092 Prev. reported. Pet) 261,228 $345, 884,820 $300,119, 788 Since Jan. 1..... 6,161,016 $351,629, 740 $30,373,480 THE PUBLIC DEBT. The reduction of the public debt for the month'of November is less than the average—the diminution being only $1,198,229, The coin in the Treasury amounts to $68,603,640 against $20,776,900 of out- standing coin certificates. The currency in the ‘Treasury is $10,118,111. The net debt of the United Staves is now $2,160,563,130, THE TREASURY PROGRAMME FOR DECEMBER. The proposed programme of Treasury bond pur- chases and gold sales for the month of December 1s Substantially arepetition of that of November; that 4s, the government will buy a million of bonds each ‘Wednesday and sell a million of gold each Thars- @ay, except during the closing Week of the méath, when the programme will be modified to provide for the occurrence of Christmas on Wednesday. MONEY ACTIVE. The money market was unsettled and active. The earlier business was at “sharp” 7 percent €o that rate in coin or in addition to a com- mission of 1-32. After. two o’clock there was a @udden relaxation to plain 7 per cent, and a: few transactions occurred at as low as 6 per «ent; but the brokers who came out to supply ‘themselves with money in the subsequent interval to the close of banking hours bad to pay 7 per ent coin, and in a few instances as high as 1-32 @gain. The demand for mercantile paper con-+ @inues fairly active and a good many out of town brokers are inthe market with a view to making @eelection for an investment during the Winter months. Prime paper is quoted 10 a 12 per cent - discount. ADVANCE IN FOREIGN EXCHANGE. The demand for foreign exchange incidental to the closing of accounts at this season and the wearcity of commercial bills arising out of the @earth of freight room at this port just now, enabled the drawers of foreign exchange to ad- vance their rates a quarter per cent for bilis on Europe. The following were the closing quotations, in which it must be noted that the Hamburg rate is mow given for reichmarks, instead of for marksban- 0, a8 was the custom until recently :—Sterling, sixty days’ commercial, 108 a 108%; do., good to prime bankers’, 108} a 108%; do,, short sight, 110 @ 110%; Paris, sixty days, 5.35 a 5.30; do., short Bight, 5.26% @ 5.25; Prussian thalers, 70% @ 71%; Antwerp, 531% @ 5.26%; Switzerland, 6.31% 2 8.2634; Hamburg, 2334 a 23%; Amsterdam, 39}; a 40; Frankfort, 40% a 40%; Bremen, 944 0.94%. GOLD PIRM—I12K A 113, The gold market was firmer, in sympathy with the tone of the foreign exchanges, and advanced from 112% to 113, closing at 112%. There was little speculative movement in the hharket, which, most Of the day, was quite dull, The Sub-Treasury paid ut $15,000 on account of intetest and $11,000 on account of redeemed five-tweniles, The course of ‘the market is shown in the table:— ~ 12 1:30 P.M., 112% x 13° «62 P.M... 112% A.M. 112% «2:34 P. M. 2% 12M.. 2% 3 P.M 112% 112% 4P.M......112X'a 112% In the gold loan market the rates ranged from’6 per cent for carrying to flat for borrowing. The operations of the Gold Exchange Bank were as follows :— Gold cleared Gold balance: Currency bala! THE RAILROAD BONDS, In the railroad bonds the chief activity was in the several Union Pacifica, the first mortgages being frm and the land grants strongana higher and incomes weak and lower. The following were ‘the bids at the call:— New York Cen 6s, 'S.. 9 New York Cen 6's, in: 90% New York Cen 6's, sub, 56 New York Cen 7's, 76. . 100! New York OP's, con, NewYork Con7's,'68-"7 Erie Ist m, extended. Pel. Lack & W7's con. 108 ‘ol & Wab Istm, ex. 0} BW Istn, YL, div: M4 Tol & Wab 2a "76.1003 Tol & W 76. 1% Gtw i fk « ist m,. Ald 3ig lat dds, an Nev A roads Gey, w bide. bet,'Mon & ‘Tor bai Buf & ine ne 4 ie SOUTHERN SECURITIES BETTER. re was @ good deal more doing in the South- ern State bonds and a wider distribution of in- terest in the list, The Tennessees were strong and higher and Virginia consois were orm, The Old North Carolinas were offered more freely and ®t ® concession in prices, while the new south Caroline Jul bonds wase held ab AD MAYARCe, The Tr NEW YORK. HERALD, TUESDAY, , DECEMBER 3, 1872. eX coupon, 16a 16%; do., new, 76a 76%; Virginia, x coupon, 48 a 50; do., registered stock, old, 39a 42; do., sixes, consolidated bonds, 5534 a 553¢; do., Bixes, deferred scrip, 16 @ 17; Georgia sixes, 70 a 76; do. sevens, 87a 90; North Carolina, ex cou- Pon, $5 a 3534; do. to North Carolina Railroad, 48 4 50; do., fanding, 1866, 28 9 30; do. do., 1868, 25 a 28; do., new, Zl & 23; do., special tax, 14 a 16; Mtsgouri sixes, 9444 @ 95); do., Hannibal and St. Joseph, 92 293; Loatsiana sixes, 54a 56; do., new, 50 @ 55; do. levee Sixes, 50 @ 60; do. do. eights, 70:0 80; do. do. eights, 1875, 70 a 80; Alabama fives, | 67 & 60; do, eights, 80a 85; South Carolina sixes, 50 @ 56; do, mew, January and July, 23) @ 25; ‘d®, do., Apritand October, 28 a 30; Arkamsas sixes, funded, 40 a0, GOVERNMENTS STRONG. » The government list was stronger for the gold ‘ “bonds, in sympathy with the higher ruling of the gold premium and buoyant for the currency sixes, Which advanced to 112 a 112% (ex the January interest). The currency sixes are all registered bonds, and the books for their transfer close a month in advance of the date for interest pay- ments. The registered gold sixes of 1881 and the weveral registered “January and July” teswes of five-twenties were also quoted to-day ex 1 ) THE JANUARY INTEREST, }or coupon., The following were the closing quo- tations :—United States curremcy sixes, ex tit., 112 a 11234; do. do., 1881, registered, ex int., 112% @ 113; do, do., coupon, 116% a 11714; do. five-twenties, re- gisvered, May and November, 113 a 1133 do. do., 1862, coupon, do., 113 @ 11334; do. do., 1864, do. do., 113 & 113%; do. de., 1865, de, do,, 11354 @ 11334; do, do., 1867, registered, January and July, ex int., 112% &112% ; do, do., 1865, coupen, o,, 11534 a 11545 ; do, do., 1867, do. do., 116.8 116%; do. do., 1868, do. do., 6X, @ 116; do., ten-forties, registered, 108% a 109; du. do., coupon, 108% a 109; do. fives of 1881, registered, 109% @ 120), ; do. do., coupon, 109% @110%. ERIE RAILWAY EARNINGS. To THE EDITOR OF THE HERALD:— Ihave kept carefully @ record of the reported weekly earnings and comparisons of the Erie Rail- Way. There is such a palpable attempt at “cook- ing” in the last report of the week feelin ao ber 2 that I send you the figures as have been published, which you can verify arcs " e files of the HERALD. I have added the earnings from April 1, which they have omitted for some reason in their last report. Yours, truly, a. 0. Comparative earnings of the Erle Railway a8 pub- lished weekly by the company :— 1871. 1872, Increase. November 7... $402,204 420,580 $18,376 November 16. 469,239 471,966 2,727 November 23... 399,119 421,912 22,793, Three weeks. $1,290,662 $1,814,458 $43,896 From April 1... $12,640,063 $12,566,723 $26,660 STOCKS UNSETTLED AND LOWER. The stook market opened strong in sympathy with an attive upward movement in Pacific Mail, which is in the hands of the Stockwell party fora lively speculation, after the fashion of Northwest- ern, afd & “corner” upon the “shorts,” if there be enough of that kind of speculators to make the game worth the candle. In default of a “short” interest, to be squeezed alter the Northwestern method, the pool, when loaded up with the stock, will declare themselves a three per cent quarterly dividend early in the Spring, or put in effect the legal authority they possess to buy in the stock with the company’s money, and thus MAKE A MARKET for their holdings. The price advanced from 84% to 89%, and receded at the close to 875. Erie, on a rise-in the London market, advanced to 63%, but fell off with the general market late in the day. An active movement in Rock Island, which advanced the price up to 11234, was thought by many to be the beginning of “the great advance” which is to take that stock to 150 a 200 (?), but the impression ‘was discouraged by the subsequent decline to 111%. Western Union was weak all through, on account of the unfriendly tone of the report of THE POSTMASTER GENERAL as regards this corporation, and especially because orhis assertion that a line equal to the Western Union can be built for the government postal tele- graph service for about twelve millions of dollars, whereas the capital of Western Union is over forty milhons. The street was furnished by one o'clock with sketches of the message and report of the Secretary of the Treasury, the financial mat- ters in which served to depress the stock market and cause an eventual decline of 3 91% per cent from the highest prices prevailing in the buoyancy of the forenoon, The President's deprecation of ‘amy further REDUCTION OF THE TAXES and Mr. Boutwell’s estimate of a margin of only thirty millions of excess of receipts over expendi- tures of the government in the ensuing fiscal year (which does not begin until July 1, 1873,) were, more particularly, the depressing influences, the former because of the innate human desire for no taxes at all, and the latter because it proposes less bond-buying for Wall street and a legs abundantly supplied money market. As to Mr, Boutwell’s mar- gin of thirty millions, it is his habitual way of ai- verting the attention of Congress every session from his enormous bond purchases, which he has managed to run up to A HUNDRED MILLIONS EVERY YEAR, although he has usually persuaded Congress that the expenses of government were going to be large enough to swallow up nearly every dollar of the Treasury income. Our word for it, his thirty millions of excess will stretch out enough before .| the close of the next fiscal year to enable him to buy in three times thirty millions of the public debt. The question of contraction he leaves to Congress entirely, and takes refuge behind the Bansbyism that specie payments will be reached either by contracting the currency or by limiting the currency to a fixed amount and allowing the country to grow to resumption, “if so be,” Ac. HIGHEST AND LOWEST PRICES, The following table shows the highest and lowest prices of the principal stocks during the day :— Lowest, ea York Central 4 953% Erie. 63% oe 946 1034 oon 88% 86% 9136 9034 1234 my 64% 64 16 16% 41% 46% of 1% 76% Pacific Mail... 89% i% In Philadelphia to-day nt Yeading was steady at SALES AT THE NEW YORK STOCK EXCHANGE, Monday, Dec. 410115 A. M. $600 US 5-20, ¢, 62.em1 13 8000 US 5-20, ¢, 64.,... 3 $1000 US 5-20, c, 65, n.. 11534 10 A. M.—Before Call. . ie - spp demtntes tee L Sees) WN Y ¢ i 300 800 200 200 300 100 200 0 S00 00 209 100 100 20 100 109 10 Erie Ri 200 109 10 20 wg in 2400 Pac M 8G 100 too Isat 109 500 30 300 100 200 0) 300 800 1200 ALISA: 2 BBBEsEsEsssersyseeecessessed Qin Am US Ex Co, do. Bgteas = SSSSESSSESSSEESES.vEESERSESEeSEEEESTERLES Higgectonsugzge Zen Ee - SRRRSSEESA= See5 be c c c SieesnEees 2] Bb 3 100 Ts SAAAARAHERA SR: SESESSSSSEESSELSSEREEESESSSSEEEE.WES! U0 100 M 500 200 $6, BAS, 400 200 ‘iret. Board—10:39 A. M. 55} shs Spring M Coal.. 60 pt jer Un Ex. i=t et ct $f . BB 7 SERSERERES: kEelteeeeeses: oy ed ‘f 94 96 prs 4 8 SSRs = SERSSe ae 300 i 100 do. 100 do, 500 do. 200 Del, L&W 200 MiL&8t P 500 iy Mib&-St P 1000 83} Gig. Bur 100 is H fs, it Jo 400 1200 StL & 900 4 100 do. 800. % 100 do. 100 100 NY, 200 10 Chic. 100 4 200 Ohio. 300 9° 10) do, 200 894 B00 “do! Iwo 4 10 do. 600 600 do. 1100 100 do, 100 100 de 1900 te 100 10. + a0 0 Sovauante o4 12118 0 and 2:15 P. M. $10000 US 6's, *81, r. rip US 5- ‘07. Nog 4000 US 5-20,'r, °67 Heid sh us” 3330 Pe M.—Be! 200 shs West Un 1 500 a de 600 Pac M88 Co. do. gUSUESEBUZESEEUEBEELERE eeese 3 2b dee = 2100 100 300 500 00 300 400 P, 00 200 T, 100 100 200 30 Cl Ei 500 O1 3 200 200 8t 300 100 $2000 Cen Pac gold b... 1 100 shg New Cent Coal. g aa R eae 3: his : eeee: peetgenassanseege 200 do. 600 West Un wd 4 30 do. 100 do. 100 do. ‘300 do. 63! 00 do. 53: 20 do. Ry 100 do. ju do. BOO do. oS Ww do. 533 so) do 53 20 2 du 83 100 09 0 76 83. 7 Del & H Cana % 9 6 4 3WNYCA 96. r% wo 95 Fy 100 Fy rH 5 ou 1 371 98% 20 37 95 800 37 Fr 20 x % 500 F 937 900 200 Pacific 88 93 600 83) 17 200 88 138 ito mS if 200 83% ua 100 ee 1 100) 8 a ig ea Ht 0 ut 1209 uy 100 ut mt i A 8ie 5 100 H & StJo BR pr. CLOSING PRIOES—4 O'CLOCK P, M agegescsease BSSAT ABE SSSe5 SES Hi rt 53 re —TRIPLE COMMERCIAL REPORT. pact a ects Cotton Quiet; Receipts at the Ports, 23,979 BalesFlour Quiet—Wheat FKirmeCorn Heavy—Oats Firmer—Pork Neminal—Lard Easier—Coffee Active— Sugar Quiet—Petroleum Dull—Spirits RasiemRosin Easy—Whiskey Firmer. Monpay, Dec. 2—6 P. M. ‘The trade movement continued fair to-day, and ‘the markets were quite generally buoyant, There was no especial activity in any department, how- ever, but a fair trade was consummated in nearly all the principal articles of merchandise. On ‘Change there was almost no inquiry for flour for export, but a good demand prevailed for wheat, transactions in which were restricted by the en- hanced views of sellers, by whom the choicer goods were held with increased firmness. A fair business was done, however, mainly on the basis of Satarday’s prices. Corn was in fair re- quest, but the market was depressed by the unuswally Heavy receipts; and . closed heavy. Oats were irregular, closing dull, how- ever, at Saturday's quotations, Whiskey, under a continued fair demand and light receipts, again appreciated. The pork market was slow and un- satisfactory, Tue fact that the entire stock is held by one firm precludes the possibility of speculation and even of large transactions, so that but little busineas is looked for until the new crop shall have got fairly started, Lard was dull, without change in prices. The freight movement was steady and rates ‘were much the same both tor freight room and charters, Cotton was only in moderate request and about steady. Coffee was active, while other groceries were quict, but the general market was firm. Petroleum remained dull and entirely nomin: There was @ fair business in spirits of turpentine at slightly easier prices, but rosin was quiet and somewhat weak. Correx,—There has been quite an active demand for Rio to-day, but other. descriptions were neglected. The market closed firm for all descriptions. We heard of sales ot 1,042 bags, ex Foreninnigan, on private. terms; 4,200 bags, ex Earnest, to arrive at New Orleans; 6,500 bags to arrive, ex Dipton, at do., and 2,000 bags, ex Sayble, to a r- rive at Mobile, all on private terms. Stock in New York this day, 27,151 bags, We quote :—Rio—Ordinary cargoes, tair cargoes, 16e. a 16%¢c. ; good cargoes, 17e. Plime cargoes, Ie, a iRise. ; Java-Govern- ment bags, 18%¢. a 19c, ; er ite Ibe, ee Cayo Bin apore—(20,020 gi 6c. ; Ceylon, 1) Ioize.5 Maracaibo, ioe. i bags hs Sipe a roy Jaimalen, 1974 14}4¢. @ 166, ; orang, Ke., gold, Corton ‘on nthe pei was in light penuerrac unchanged Jac. per Ib. Ca er prices. Forward deliveries were 3¢c. a at the opening, part of which was subecauenty, lost, T sales reported on 'Change to-day sum up as fol a Mo-Day, But. Eo'ng. Export..,.. i 820 8 Conn ti ee 165 7 862 Speculatio: 20 43 In transit, ~- 663 63 2,160 Total. 2481 <Fortutars “delivery” Wade low middling) the ales ttn heen a8 follows:—Sales Saturday after hat ast twelve M. December, 00 at 18 9.160.110) at 18 200 at 18 d-16e,, 400 at 18.1 lee, to notice bel ore Sib at 18iKe,, no nidtlee before the 1st: 20 at 18 Gi at 1s ie” Jdpuary, 109 at 18 M-16e., 1,000 a peers Ob 500 a larch, 500 at 1 ray 40) at 19 et Til, 600 at 19 LF) at 19/40. 5 100 at 19 11-16c. bales -December, nO naatiee ‘to-day at 18%c., 300 at 18 9-166. mat, hy c 109 at 10 1 13-160., ho notices 0 ‘at 1811-160. 500 2 t ie ne anne 100 at 18 13. ath aft, 18 600 al be. 18%e., 100 at ‘18 1 t 18%e., ibe, it cigrane ile Ibe, 0) at 19 3-16¢. arch, 500 at'194c., 300 at 19 5 16c., c. May. | iad at 3300 at {9 Wise. Tooatigye, Exchangud—Ic. paid to ¢ inge 20 December for April; 3. M. December for December is fea even. Total, 1000 bales. Grand total, Rates on cot ton to foreign ports Chie frm af Liverpool, by steam, $100. a. $d-; salle 240, by steam, 1%c, a’ 13gc.t salle Ie gom rend (., compresse ;,,to Baltic pe porta by steam eiterranean ports, by steam Tho receipts the port al 5 2,926 Bales: New Orleans, ih ‘Mobile, 4,580; Savannah’ Ney or Vilmington, Bae “Nortole Lok Baxtimore, 78 78; 23,910, “ast week, ie ees by steam, via England ins! 220. * Total, day 2a bales. This day last year, 20,755, ales, We quote — Unies. Alabama, New Gehan: Texas, ; ceipte, Stock, Ordinar: 6%, 7 17 Good ordinary, 18% 18% iss Strict goed ord . 18: 187, 195 Low milddling 18 19! 19%, dg 1932 19) » ed a 2 ootte quotations are based on cotton in store, rooming te Quality Dot more than half agrade above or below the ri & cyt —Receii pad al rer hys Bg FLOUR AND Gram. 219,930 bushelet is Sate cae {ier seat, is, and ruled steady, ander a a: tm a ane ‘thé trade; tne ‘sa xh were only b¢ bis. , 7 mneluding all Kinds, and at. prices ‘within She Fang’ of the appended. quotations. oe meal was generally quiet ; 200 pols, brought $3 25 9 $3.35, Western yellow, and $3 858 $3. tor Brandywine. a3 cet Pee Seatoresesase! 2 2? eueoaceasSaeSenaese2e% Corn meal, Jersey. Corn meal, Bran Baltimore Sumewworas: SseRsesulRrsesssseuceaas: Merese ee PeepsesPores SF SRESHRRESSESSSSSSSUSELS = Fy HE ‘The Py ey i ry for inveror erage, ae ry ry ye common No. 2 0, $1 62 4 $153 for prime Northwest, $1 $4 for No. 8 for Duluth, $1 80 a for white, was nominally the same. Corn at heav; send weir te eieame a . for mix . a Foe. 10 festern y¢ Ww, for Southern: ern whe, f closing at about at Gea Ob closed dull and heavy, fund de: for mew lack. eee ey quiet: i eu ani jor 1 ick Minois. Barley quict: hel Rye was also ley gu Bob bushels of re oes were. 8 eae more ary f fox jaxly for accommoda ile for tlier produce the tnaulty chartering business was on A restricted ‘wea ‘Was no material alteration in rates. The were :—To Liverpool, ents: bales Govion, for the Slet and Buel a fain 934d. ; 1 a died vane Dy aa, 9,000 Dushels grain at ieee don, by steam, 30,00) bus! ye fain ae ae ., and by sail, 37,600 bus! grain ‘otterdam, mbe: ‘rom Picton 6 aide of Cuba, $6 60, gold: & Britian bark Mog Pete aco! niet ty por ber Ad ra i anish bai Continent rian Bark 38 tons, "ie London, gene rent rates. Rumored—A British bark hence 0 of bbls, abd gases’ 4 oe refined petro- ‘There ‘wasa little a inqu' ket Oh attice i ate ne du past. Pwe quote nominal! L STORES,: 8 frite of turpeniine, “put ree what easier at 61 Bole at oe iene iit iO daa | cies New Yort ‘ Eee in boar: wick a sirdined.c foxing ing at : 10. Bal on private terms, Ob ‘ained at $4.10, 1,000 DI and 100 bute, No. Lat 84 80 ParRoLRUM.—The marl actly the sari condition Duta at fio tese Ox ‘agures. rude 1 alk wa was Ang ~ nominally at Oases were fore, at Sic. 3 Sue) or for cargoes. ‘Naphihia w vas quoted at a & 18. on Set ‘3 4 US Won iGwer at road, and ene Faia eb a nea Nelda Lh Pay ae ae again Ne dn ire bat nomnlvally th pa (er Decora eae tor yeas got raeals, ss asi La bhi ind and tlerces. Th and prices were penned, at make 7 al lor. qs a pew, ‘t clear, e. § cargoes, and 26) for cout een meg op Yor mest pork remained’ ound for Dece f pork Decem= ‘was aus fora pat ip peer eat ee cee r oe ae for this stg Oj eed earn but veloatd lots, an 8c. a ty Oceress pao to the extent of perees steai at be. juiet, but we heard bags atna nominal. jit more alee pi but Quiet, Prices tor raw rere’ not quotabl ran Srates, ine! SHEET. devi aie 2 ate: = a Piet uae ‘Porto paw to grocery, air to c. & putch ‘standard: "Nos.B to 12, 83¢0. mle. Jave—Dutch: i tee "ide. sie _- tre mabe 4 ‘Bie. 8 tod a Prats = ni ps at 9%. prices were in “common country at ‘were in consequence Tautow fuiet, but steady. A sale was reported ‘of a bid market was mod- hag? The sales toot up myers 440 sashaaae bbls. at eee its DOMESTIO Mi MAREETS, Cotton oganiers ars SO ort ordinary, aoe. 0 4 ae antec. eet ES * Shane. base ANS, Dee, 7 jew ORLRA! Cotton in fair ices mounat dlings, ar pial pane We. Net aie a bales; g1 ember To Hoe tet aie the: Gontine’ ‘Sales, 1000 Stock, inet 30 oorten, iet an a tend) ratte es, sine.: $ middling IT%e. a Ye, ; ints, 4, ro. “Great ee 778; ii i, Bae Btock, 31,208 Savannast, Dec: 2, 1872, pace "Rupored "ihe Continent: U8; 13% constwt ie srt ent, © Bales, 1,122" ‘Stock, 75,867, " . Cotton ton Arm _migalings wen tne me a cee a asin, ua er mo. 1 Lire eieee talent sf two ro cane ae weld *t ws eB wast Hager’ Ge G&S aa Se ses seit odin ; to Albany, 2, 1872, pe pee Se — 75: Ba owen} Dee. 2, je 400 bbls. at $3 rf Winter, $975 for white firm but quiet; new ain ‘Go. bake Kee Nova 8) io lean sh 00 se Gate aulek, salen Kor” sr5 tat pe Balance nge Flour steady; extra Sprin PSERy ni ut $3 . a supers WAC Neoispriog set jit iWin inte ee i oto No.3 Spr jot or Becembe rd Janubeg? Wo, ring, 8 st ote re. jected, Sic: a a3se., ing to los fo. 2 nixed, 31e. 0" Bl fe BPOt oF, ‘December, sine uary ; rejected, 290, mood demand No. rejected, 220. bid. Rye pt lo. 2 at B7gc. cea raul and lower} No 2 Fall, 6i3¢c. Provisions quiet and un- Pork, gah or December, $11 9 a $12 Jan, ai? Meats of dll kinds quiet and und key Heady Be. Receipts 10,000 bbls flour, 66,000 bushels heat a 0 do. corn 27,0000. Sis’ dour, 49,000 Shshels wh fd Lycee lol els wheat lo. Cor Os oats, 11,00 do. rye, 9,000 do. barley. ie EUROPEAN MARKETS, connplacloged mt a ae for sa 915, 48834 for the ri for money and 91% & account. ne th ana hanged and firm and | Bisa eraares Donde of 1865; 910, S18 1867, ONG is of 1865, old, A forties, 8843 new, fives, 875. Erle Railway shares: Bounss.—Panis, Dec. 2—P. M.—Rentes closed at Franxrort Boursz.—Franxvorr, Dec. 2.—United States five-twenty bonds of 1862, Liverroou Corton Mankxrr.--Liveuroon, Dec, 2-5 P. M.—The market closed unchanged. The sales of the day have been 12,000 bales, includ ing 500 for export and culation. ‘The ahipments of cotton from pomnhay since the last rept tothe ag inst. have been 2,000 bales. Business, is quiet hipaa ead Middling uplands, 9%d. a X i amiadung 0 Orleans, 10; tort a /READSTUFFS Hanan —LivEnr00 Dec. 2— 430 P, M~—‘The market is.quiet and sic Tivanroon Provisions MinezeeLivenroon, Dee, 2-1 30 P. M.—Bacon, 428. per cwt. for new Cumberland cut. Beef, 958. per tierce tor new prime mess, Bacon, 438. per cwt for new short rib middles. DO! wv PRODUCE M. —Lonpon, Dec. 2—Evening.-- Spirits turpentine, Gd, per cwt. ETROLEUM MARKT, POOL, Dec, 2—Evening.— A SWE ARE SELLING AT PAR + and interest, amid recommend to careful investors, ite Firet Morigngo Seven-thirty Gold Bonds of the North ern Pacific Railroad Company, Special attention is called to the ample land security on which these bonds rest in addition to the usual guarantee of a first mortgage on the road, its equipments and earnings, The lands of the company thus lat sold have realized $5 97 per acre. The grant averages ‘about 23,000 acres per mite of road. JAY COOKE & CO. SPECIAL FUND. OF $300,000 TO BUY GOOD FIRST nd Nortgageson New York city or Erookly3 Proper. Principals only apply to D. HU. GILMA road way, rooms 16 and 1} Bees aR AP Bind aT Anda 000 or w) re fair discount “Adages H. 11,, Box 140 ieee Oe ‘AY COOKE, gard no ee bar on, Foreign Exchang rhe snes el brgmmairsies Transfers. © Ofpeatae Letters ‘ avditapie inail'pe pare the Word, bei) do Wall soot Orns. OF UNITED STATES ASSISTANT TREAS- 2 During the month of December Ista t I shall by recelve bids for Gold and offers of Bots as follows: Thursday, December-S2One sion Thursday; Decembar 12—-One Mill Thursday, December 19—One Millions Friday, December eS a NBS Wednosday, December 4-—One Milita Wednesday, December 11—One Million. Wednesday, December 18-—One Million. ahuretey) cember 26—One Million. Ac check for five per cent of bid or offer must be Aes) therewith. Pi o'clock, noon, e ech day, ified. The Treasury may, at its option, ‘accept ol fers of bonds or bids for gold in ex- céss of the amount sitios hl for. with be regulations to be Printed forms ior pro ed He ees MAS HILLHOUSE, Is, will be opened at 12 observed, will be furni; Amisikas inners United States, FFICK OF THE NORTHERN PAGIFIC 1 RAILROAD Company, 23 Fifth avenue, New York, Dec. ‘The DOOKS for, the tranefer of registered bonds Will be closed on Saturday, December Id, to prepare tor the pay- eer by check, of the semi-annual interest due January The payment will be made, ns heretofore, by mailing to the address of each bondholder of record at the closing of the books a coin check for the anrount of interest due. ‘All bondholders who. have changed their address since July 1, 1872, are HY ca to send their present address to this office Iinmediately, ks Will be Feopened on Thursday, January 2 . H. BARNEY, Treasurer. 00. 000 TO LOAN—ON MORTGAGE, IN pains to aay in this city or Brook. as First and Second M: OA te es wanted: Loans on mement Property. HINM. SON, 23 Pine street. $300. 000 TO LOAN ON NEW YORK AND Brooklyn Real aa for term of yer In various suis; no bonus req . WILLIS, Montauk Insurance "So., 168 Broadway. —_—1-> THE PUBLIC DEBT. The Treasury Statement for Novem- ber—The Debt Reduced $1,198,229 Dur- ing the Month. WAsHinoton, Dec, 2, 1872, The following is a recapitulation of the public debt statement :— DEBT BEARING INTERBST IN COIN. Bonds at 6 per cent. ++ +06 $1,345,134,980 Bonds at Sper cent. 414,567,300 Principal. Inter DEBT BEARING INTEREST IN LAWFUL MONEY, Certificates of indebtedness at 4 as eats. geese eee ‘$678,000 3 pel or viscates a at 3 per cent... ‘030, Principal.......000. esse $18,708,000 Interest... 236, DEBT ON WHICH INTEREST HAS CEASED SINCE MA- TURITY, $4,210,440 967,683 $358, 136,643 T BEARING NO INTEREST, Old demand and legal tender notes. Certificates of de] 090 Fractional curreny satasiee Coin certificate: 20,276,900 Prinetj 604,232 Unck ms 16,604 Principal $2,220,224,922 Intere 34,620,859 + $2,263, 764,782 CASH IN THE TREASURY, see $68,603,640 Currency. soe 10,118,111 Special depot redemp- tion of Pertifeates oF deposit ag provided by law. 24,465,000 Total, DEBT LESS CASH IN THE TREASURY. December 1, 187: November 1, 187: h 1, Decrease of debt from Maron i,’ 1800, to March 1, 1872...... 229, BONDS ISSUED TO Pi ILWAY COMPANY, IN- TERFST PAYABLE IN LAWFUL MONEY, Principal outstanding... Interest.accrned and not. ppt) paid by the Uni Interest re} by transportat Balance of interest paid by ‘the’ United rales, Wi on THE COURTS. THE WILL OF THE LATE JUDGE M’CUNN.. The Will Admitted to Probate—Interesting: Question as to the Validity of the Will— Exhaustive Opinion on the Points. Raised by the Contestants—De- cision of Surrogate Hutchings, THE RING FRAUDS AGAIN. The Motion in the General Sessions to- Quash the Indictments Against Henry Smith, Wm. M. Tweed and Oth- ers—Argument Upon the Mo- tion—Decision Reserved. BUSINESS IN THE OTHER COURTS. pa Trial for Homicide and Discharge of the Ace cused—Wm. M. Tweed in Court—He Is To Be Arraigned To-Day—Decisions, Convictions and Sentences. In the United States Circuit Court. yesterday. the case of George Washington Bowen vs, Nelson Chase was called on before Judge Shipman, This. 1s an action, as the public know from the fre- quency with which it has been reported, on am ejectment to gain possession of a large tract of property in the neighborhood of Fort Washington, and which property came into the hands of the de-, fendant under the will and the settlement of the, affairs of the late Mme. Jumel. After some discus- sion between counsel on both sides the canse was adjourned until Monday next at eleven o'clock. Mr. Sidney De Kay has resigned his post as as- sistant inthe ofice of the United States District Attorney, and intends to go into the practice oflaw: in this city, The case of The People vs. William .M. Tweed, for . defrauding the city o! a large amount of .Junds, having been set down for hearing yesterday, there .| Was a large attendance of counsel on both sides in the Court of Oyer and Terminer; but im conse- quence of a murder trial having been proceeded with, which lasted until the hour for closing the Court, the case was fixed for this day. In the Court of Oyer and Terminer yesterday the trial of James Tully ana John Smith for the murder of Gustave Brown, on the night of the sth of June last, Was heard before Judge Ingraham and a com- mon jury, which resulted in the acquittal of both: the prisoners, there being no evidence to connect either of them with the aifray. Thomas Cobb, indicted for the homicide of his: wife, pleaded guilty of manslaughter, and was sen- vencea to imprisonment with hard labor in the State Prison for four years, Various others pleading guilty were sentenced to: the State Prison. Judge Fancher, of the Supreme Court, before whom application was made for a stay of proceed- ings in the case of Henry Rogers, convicted in King’s county of the murder of Policeman Dono-. hue, of Brooklyn, and sentencea to be hung next Friday, announced his decision yesterday, retusing to grant the stay. He presented a lengthily written opinion in the case, fully sustaining the rulings. and charge of Judge Gilbert, before whom the trial took place. Rogers’ counsel said that he should renew his application pefore some other judge and in case of failure should ask a respite from Gover- nor Hofman. An important decision has been rendered by Jadge Freedman, of tne Superior Court, ina suit brought againgt the Third Avenue Raliroad Com- pany. The case was where @ passenger waa ejected from a car because he did not have a trans fer ticket and refused to repay his fare. A verdict for $500 damages was found against the company. ‘The case was carried to the Superior Court General . Term, and the present decision is in confirmation of the judgment in the lower Court. Another of our city fire insurance companies hag succumbed to the Boston fire, The last thus far in the list 18 the Corn Exchange Fire Insurance Com- pany. Yesterday Judge Leonard, holding Supreme Court Chambers, on application of-ane of the di- rectors, appoiuted Mr. William R, to wind up its affairs. ‘the capit $200,000 and surplus af $30,000, Boston fire are given as $140,000 abd ties, including premiums, $30,000, additional. A verdict for $5,000 damages againat the city was rendered yesterday in a jury trial before Judge Van Brunt, holding. trial term of the Supreme Court. The party obtaining the verdict was Miss Liddy Poedtull, and the ground of it injuries she sustained in stumbling overa stone Jeft on the sidewalk, One or two more ‘such verdicts will be likely to insure a littie more care on the part of the city in the matter of sidewalk obstructions, A motion was made in the General Sessions yea terday to quash an indictment against Hugh Smith and others, on the gropnd of the alleged illegal extension of the November term, Recorder Hackett reserved his decision. THE LATE JUDGE M’CUNN'S WILL ADMITTED TO PROBATE. es Interesting Question as to the Validity of the Will—Charge of Unlawful Sus- pension of Alicnation—Jurisdiction of the Court Questioned — Exhaustive Opinion on the Points Raised by Sur- rogate Hutchings. The will of the late Judge John McCunn was yesterday admitted to probate by surrogate Hutchings. In the subjoined decision of the Sur~ rogate the points raised by the contestants to the will are reviewed at length, and present a clear statement of the grounds of their opposition and the law in the case upon which the will has at length pe admitted to probate. © URROGATE MUTCHINGS’ DECISION, Tn the wn iter bees estate iyi John H. McCunn certain ersons cl heirs at law: meen tet kin of tho jecedent ha vit thet ing to contest, and do contest, e instruments pro- inded as i The rela- souantp, of are denie MA stand': in the proceedi: ass ceata aieerarsay Bo apna ieréoh at ainong oth pcos nations ao si sceumaation of rel iu tor ancertainty. i Trbpor igi svidenee, and vow it is claimed yas referred to ri ye ne provisions of the AEN e0 for my jurisdiction il of chapter 369 al aeduiescenee, In & hearing, or any jon: struction of or sofeeafany othe 7 bY Seles Rae Neha of oft raat or r legatees under the Fobates “Tne atest Sates it therefore, w! am obliged 2d deckde t those smatiere. mark ote that power ts. "ae the contestan: a1 not eg que: the relaonahlp culties in the wa: questions, parties cl Principal at cee citation, oF acute to ‘was to th at law tof wie tend tho probate of the, } ont the, des ptlating his Nase o Ther pea coat ‘appear Ml, me, a means uch Tha Pee dispute om the re 3 to: Beer Tor the PUrpose, my 7 the only purpose of the mission of ins