The New York Herald Newspaper, December 13, 1872, Page 9

FINANCIAL AND COMMERCIAL. A Still Further Relaxation in the Money Market. The Closing Dealings at 6 a 7 Per Cent. EXPLANATION OF THE RECENT STRINGENCY. Locking-Up Operations of the Pa- cific Mail Pool. Reduction of the Bank of England Rate to 5 Per Cent. GOLD DECLINES TO 112 1-4. Sharp Advance in American Secu- rities in London. An Active Speculation at the Stock Exchange. A General Rise in Prices, with a Break at the Close. THE PACIFIC MAIL POOL DESPERATE, ‘The Lackawanna and Panama Dividends. WALL STREET, } Taurspay, Dec, 12—6 P. M. On ’Change to-day cotton was in good demand sand holders were enabled to establish an advance vof fully 4c. per pound for lots onthe “spot.” Flour continued duil and heavy, without being quotably lower. Wheat was also heavy and lower to sell to any extent. Corn was again firmer, but quiet. THE FOREIGN MARKET. The most important intelligence from the other ‘side to-day is the announcement through the cable ofthe Teduction of the Bank of England rate of Aiscount to 5 per cent, as against 6 per cent, the previous figure, the alteration being followed by the report of a gain of bullion in the bank for the week to the extent of £450,000, or about two anda quarter million dollars in our money. The LONDON STOCK EXCHANGE became buoyant, especially for United States bonds, which advanced 34 a % per cent, the new fives participating in the rise to the extent o: % jper cent, while Eries advanced % per cent. Con- sols were steadier, improving only 3s per cent, but, as heretofore explained, the speculation and in- (vestment dealings in consols are assuming a mod- rate tone in view of the competing attractions of ther securities now in the London market. The ‘aris Bourse was buoyant also, and French rentes vanced 122 centimes—viz., from 53.50 to 54.72. —n London the French loan was quoted at an ad- ‘vance in the premium to 234 per cent, ' THE FINANCES IN CONGRESS, The House of Representatives took prompt action ithis afternoon on the bill authorizing the conver- sion of United States registered into coupon bonds at the will of the holder and passed it by a large majority. Secretary Boutwell had an audience of [the Ways and Means Committee on the subject of yextra commissions for the negotiation of the new loan, and was instrumental in inducing the com- ‘mittee to adjourn their session to permit the re- ceipt of opinions on the subject from leading bank- ers and financiers, , MONEY EASIER. ‘ ‘The money market was active early in the day, and the rate on call ranged as high as 1-32 in ad- dition to7 percent. But, after two o’clock, there ‘was a sudden relaxation, and loans were made at -4s low as 6 percent, the quotation closing 6 a7 per cent. The Pacific Mail pool have been locking up money again, but, as will be seen by the result this afternoon, ineffectually. They are reported to have withdrawn more greenbacks to-day, and jhope to precipitate excessive stringency to-mor- ‘row, when their efforts will be helped by the pay- ments for the government gold sold by the | | should be remembered that a genuine desire to sell ‘Treasury to-day. Commercial paper was quoted 20 4 12 per cent discount for prime names. FOREIGN EXCHANGE LOWER. The reduction in the Bank of England rate of dis- ‘count caused a lowering in the rates for foreign | exchange. It is true that sixty-day bills advanced, but the real rate is always the sight rate, and the advance in sixty-day bills is due to the fact that money is worth less for sixty days than it was ‘when the Bank of England rate was higher. The following shows the new standard of rates:—Ster- ling, sixty days, commercial, 108% a 108%; do., good to prime bankers’, 108% a 109; do., short sight, 1105 8110'4; Paris, sixty days, 5.3234 a 5.2714; do., -Short sight, 5.23% a 5.2234; Prussian thalers, 7134 @ 71%; Antwerp, 5.30 @ 5.25; Switzerland, 5.30 25.25; Hamburg, 94% a 9544; Amsterdam, 39% a 40:4; Frankfort, 405¢ a 41; Bremen, 9434 a 9534. GOLD DOWN—112% a 112\. The inherent weakness of the gold market was ‘immediately demonstrated by the news of the re- duction of the Bank of England rate, which caused @ decline from 112\ to 1124, despite a frantic effort on the part of the clique to bolster the market by an effort to stitfen the rates for the use of gold and make the cash coin searce for delivery. A good deal of long gold came upon the market, and one ‘operator was unable to comply with his contract and was gold out under the rule. Parties lending on gold should be careful to exact larger margins than heretofore, as the price is liable to a sudden decline of five percent any moment the clique get IN TROUBLE. The banks, insurance companies and outside dooney lenders should not advance more than 105, at least, upon pledge of gold as collateral, There is a law to prevent the lending of money on green- backs. Congress ought to immediately amend this law or enact another, 80 as to provide that money shall not be loaned on pledge of gold or silver or specie collaterals or their equivalent Treasury cer- tificates. Mr. Merriam, the active Representative from New York, who has introduced the sensible measure for the repeal of the usury law, should give this subject bis early attention. The Sub- ‘Treasury paid out $45,000 on account of interest @nd $15,000 on account of redeemed five-twenties, ‘The steamer for Germany took out $80,000 in sil- ver. The COURSE OF THE MARKET ig shown in the following record of the principal fluctuations of the day:— 112% 1a In the gold loan market the rates ranged from 4 per cent for carrying to 6 per cent for borrowing. ‘The operations of the Gold Exchange Bank were as follows :— Gold cleared Gold balance: Currency bal There were eighteen bids for the Government | Ohio and Mississippi « 43% Union Pac: » 38 | C., G, and + 85M Western U nion Telegraph. . 80 NEW YORK HERALD, FRIDAY, DECEMBER 13, 1872.—TRIPLE SHEET. gold, calling for a total of $2,019,000 at 112.0148 112.52. The million was awarded at 112.52 a 112.27. THE RAILROAD BONDS. The following were the bids for the railroad bonds :— New York Cen Chey, rainesvilleg A, Clev, P & A new ba: Det, Mon & Toi ods. Bufi & Ere new bd Lake Shore div b Lake snore con ¢ od: faske Shore con r.. Pac RR 77s, gid by Western Paeinte bond Cen Puc gold Gen Pac State aid bai. 1M ac income 1 Cent7 ren 5. fi Chic & 8 BuvOkaM Ta iswy, 8% pines Sand IRREGULAR, The Southern State bonds were irregular in prices and movement, but the dealings were at- tended by increased activity. The Tennessees Opened strong and advanced to 83, but receded to $13 for the old and 8134 forthe new, The new South Carolina Julv issues advanced and the Oc- tobers declined. Virginia consols were buoyant and strong. The following were the closing quo- tations:—Tennessee, ex coupon, 81a 81%; do., new, 8144 @ 82; Virginia, excoupon, 478 50; do., registered stock, old, 38 a 42; do. sixes, consolidated bonds, 5714 a 58; do. sixes, deterred scrip, 15% a 16; Georgia sixes, 70a 80; do. sevens, 87 390; North Carolina, ex coupon, 35 @ 37; do. to North Carolina Railroad, 50 @ 65; do., funding, 1860, 27 a 29; do. do., 1868, 25 a 28; do., new, 21 a 24; do., special tax, 13415; Missouri sixes, 94% a 95; do. Hannibal and St. Joseph, 92@ 93; Louisiana sixes, 50a 55; do., new, 508 55; do., levee sixes, 50 a 57; do. do. eights, 654875; do. do. eights, 1875, 65a 75; Ala- bama fives, 55 a 60; do. eights, 80 a 83; South Caro- lina sixes, 50a 55; do., new, January and July, 2434 @ 25; do.do., April and Uctober, 26 @ 27; Ark- ansas sixes, funded, 43 a 46, GOVERNMENTS DULL, The government list was extremely dull, owing tothe derangement, or neutralization, rather, of business by the decline in guld here and the ad- vance in bonds in London. The market eventually closed firm at the quotations of the previous even- ing, or, atan improvement in gold quotations of fully }¢ per cent, as follows :—United States currency sixes, 112 a 112%; do. sixes, 1881, registered, 113g @ 113%; do. do., coupon, 117% @ 117%; do. five-twenties, registered, May and November, 112% 9 113%; do. do., 1862, coupon, do., 112% a 113%; do. do., 1864, do. do., 112% a 113%; do. do., 1865, do. do., 113 @ 113%; do. do., 1867, registered, January and July, 112% a 112%; do. do., 1865, coupon, do., 1155 @ 1153%{; do. do., 1867, do. do., 116% @ 116%; do. do., 1968, do, do., 116% a 116%; do. ten-forties, registered, 10934 a 1093,; do. do., coupon, 1093, a 10954; do. fives of 1881, registered, 11034 a 111%; do. do., coupon, 110% a 111. STOCKS ACTIVE AND UNSETTLED. The stock market opened strong and eventually became buoyant, one of the features of the day being the entensive number of purchases at buyer's option of thirty to sixty days, illustrating the con- fident expectation of a higher market after New Year's. This expectation ts not unreasonable, in view of the drift of the money markets here and in London, Germany and the whole of Europe. The Bank of England rate is likely to fall to 3 per cent within the next few months, especially as Ger- many will flood Europe with money after New Year’s in the process of redeeming the loan cre- ated for carrying on the war against France. With the advent of the New Year there will be an unin- terrupted FLOW OF MONEY to this city from every quarter of the country, and @n accumulation all the greater this coming Spring that the national bank currency 1s nearly twenty millions more than it was last year. When a country bank becomes stocked with currency as it usually is in the idle season now approaching, it sends the money to New York for employment or call, and hence the glut of money at this centre every Spring and Sum- mer. Money is now coming here trom the West, although there is still a little demand from the South, and the money market would be easier than recorded from day to day were it not harassed and manipulated by the stock-jobbing cliques in Wall street. The chief features in the stock speculation to-day were Pacific Mail, Western Union, Rock Is- land, Wabash and HANNIBAL AND ST. JO. The last mentioned advanced to 49% for the common and 70 for the preferred. Western Union advanced to 80 and Wabash to 72%;. Pacific Mail was hammered all day by the Stockwell party, but with indifferent success, until near the hour of ad- journment, when it broke to 73%, carrying with it the rest of the active features, to the extent of 4 @ 2 per cent. The desperation of the “bear” clique in Pacific Mail is instanced by the frantic character of their operations this evening. It stocks is not gratified at fifteen minutes, to four o'clock, when three-quarters of the street has left business, Owners of PACIFIC MAIL should be careful about lending the certificates, as the market is very probably oversold and a “cor- ner” imminent. The clique have endeavored to prevent the lending of money on the stock, but if the holders will try they will find that the stock is worth more than the money according to current market quotations for the stock, They are locking up money to cause a break in the general stock market and put down Pacific Mall. But money eluded their control this afternoon and hence their desperate assault on stocks later in the day. The Delaware, Lackawanna and Western Railroad directors met to-day and decided to pay no divi- dend in January. Traveliers on the line of the road | say that if the directors would attend to the man- agement of the line and compel the REGULAR RUNNING OF TRAINS there would be a more hopeful prospect of returns for the stockholders. Panama advanced to 136 on the declaration of a dividend of three per cent for the quarter ending December 31, but was knocked down to 130 by the Pacific Mail pool in their subse- quent determination to sacrifice everything to their main speculation, In the case of Erie there was a rise corresponding aimost precisely to the London improvement, and in Boston, Hartford and Erie sales at 934, with a decline to 8% and a reac- tion to 95g. Rock Island went off in the excite- ment at the close to 111% as against 11314 a 113%, the quotation in the earlier hours of the day. Northwestern continued neglected and nominal, HIGHEST AND LOWEST PRICES. ‘The following table shows the highest and lowest prices of the principal stocks during the day :— Highest. Lowest. 9614 96 New York Central.. ie Pacific Mail. In Philadelpnia Ronaing v was steady at 1174. SALES AT THE NEW YORK STOOK EXCHANGE, Thursday, D Dec. 12—10:15 A. M. $5000 US 5-20, ¢, '67..b3 116% $2000 US 5-20,c, '68..... 11685 10 A. M.—Before Call. 100 shs Pac M85 Co..c ” ee i ‘590 shs Pac M SS Cy 3 do. = soeaance ee Sted EESzESSe= e322 10 do. LWT, We $10000 Tenn 6's, old.bo 500 yen ain new i 10000 B, Hd i Is 53hs Park Bank..... 150 10 Gallatin Nav! Bank 121 26 Ger Amer tank... iU2 Lid West Ne Tel 100 15 Del iH Canal. 300 Quick 500 200 Maripo 200 Atlanuc 153g 12280 1700 shs West Un Tel... 7914 29 do. vs 79g Second Board—i P. 3 5. 8 as Ty) Teun v's, old IN Co's, spec tax. 1W90 SC 6's, Jt 4000 1500 Un i st ‘6000 Un Pac 7's, Chie & N W con, # Canton Co...be fae ect = eSESEEE tg 5) fs i Am M Ui watehe t, we W. 400 Board—10:3) A. M. 100 shs Am Mer U bel Hee 200 US Ex Co. 40 LS & M Siti, 1990 do. Loo ESEStes, 2 ESS bseulSSsESes= 7 do. 10 Chic & 309 Ohio &Mis 800 shs he MSS Co. do, IW Erie Sei pret 100 Mich Cen ee WLS4M5 0 de ~ M ase PRR pe i &éWwR SRS Rahal cSt SF eae 60) Ohio & Miss. 100 Ohio & Miss pf.. Sy BAG Ss StJoR Iwe,C&Lc . . 2130 to 4 P. M. bo hae 7 RR.. stg errs eee SSSLELELSESSESE LES SE: RR a | and rather more potive, aks | many orders are in th tix | Kk INCERTIRE laud do. St Paul pt Wahasii. SE RE COMMERCIAL REPORT. Cotton in Fair Demand and Higher; Receipts at the Ports, 20,372 Bales— Flour Dull and Heavy—Wheat Dull and Easy—Corn Firmer—Oats Steady— Groceries Very Quict—Pork Rather Easier—Lard Steady—Freights Quict— Petroleum Nominal—Naval Stores Easler—Whiskey Dearcr. THURSDAY, Dec, 12—6 P. M. There was arather freer movement in general trade to-day, but the markets were somewhat irregular, some descriptions of merchandise ad vancing while others ruled lower. The scarcity of tonnage and the firmness with which freight room was held continued to act as @ hindrance to the export movement, which was accordingly slow. Cotton was in rather better request and an advance was established, On'Change flour rematned dull and heavy, while wheat was heavy and lower to seli to any extent, the export movement being checked by the high rates of freight demanded, In the provision department dulness still constituted the chief feature, and prices favored the buyers. Lard was firm. Whiskey was wanted, and prices ad- vanced the usual 4c, per gallon. Groceries con- tinued very quict, and ‘or most descriptions prices were nominal. Petroleum was in the same con- dition as previously noticed, parties being still wide apartin their views. Naval stores were casier, particu- larly for spirits, which were offered more freely, Correx.—There was no trade reported to-day from first hands, but there was a moderately tuir job- bing business consummated at full current prices. We quote:—Rio—Ordinary cargoes, 15%c. a 15%c cargoes, 1644c. a 16%%c.; good cargoes, I7c. a 17Kc.; prime cargoes, 18%4c. a 18}g¢.; Java—Government bags, 18Xe. a 19c.; do. (150,412 grass mats), 19c, a 2c.; Singa- pore (20,02) grass mats), I5c. @ ; Ceylon, 1530. a 16}¢c. ; Maracaibo, l5c. a 163gc.; Laguayra, 15390. a 1740. Jamaica, lc. a léc.; St. Domingo, 13!gc. a 13Xc., gold, 0 to W da: Corron.—There wasa fair inquiry for spot cotton, but prices for all grades were advanced at least 4c. per Ib., and this had a tendency to restrict business. The mar- ket closed with considerable firmness, however, at the improvement. For future delivery the market ruled decidedly higher under no little excitement, and closed about steady. The sales sum up as follows:— Tu-Day. Last Fve'y. Total, Export 173 535 1,758 Consumption 175 1160 Speculation 200 ‘3065 In transit... 200 1,16) 3,014 —For future delivery (busts low imiddting) the sales have been as follows :—sales last evening alter three I’. M.— he ratte opt atl 1-l6c., 500 Bi to-d: of ¥4Cy 50) at | 100 I alder ie no notice this week ; 10) at 19%4¢., no notice till 19 Plge,, 100 at 1W4e..| he’ notice berore | at B.l6e, jecember, at ih 300 t other er ey 200 at Bric. Wh atid S.16c4 224; 700. at 19 5.16¢., 200 at 19° 5-16 at ai 194 ant 19 11-166, n at , 00 at 194, 200 at 199-16c., 200 at 199 March, 500 at 197, 100 at 19 15-16e,, 100 at, 19%4¢., 109 ‘at ‘20e., 400 at 19 15dbe., 60 at ie 100 at 19 15. 300 2002 at 19 13-16¢., 100 at it inte. 100 at an 200 3 ite ;April, 100 aioe 2050. i, 20 a). 00 at 20, ara sles, “00 at aoe "May, 100 at 2) 7-1 26) 10 at 20 7-I6e.,_ 300 ai June, ‘March for is Whe Tota, bales, The receipts at the dnivesion, Str wih Orleans, arleston, 2,540; Nortel st: ‘New Yor! boston, This day’ last week, Pat Jin his day last Rates on cotton to foreign ports were ie ge ney figures:—To Liverpool, by steam. 4th i}, 7-164, @ 3<d., compressed, paid; to Havre, do sali, Tey, compreaed ; to fain. Sede ompressed; to Bremen, by steain, fo Baltic ports, by steam, via England, bg Alabama. New Orieans, Texas Qratne ih 1g ‘4, 1a ws rdinary. Sin go ordinary i is16 Ietas {iy 5.16 Woh 16 Low middling. 19% 19 poets a ood middl 22) 218, 2 —the quotation baded on-cotsen in store, running: in Guilicd'ugemore than Naif a grade above oF below the ted. ore ao ty GRAIN. —Receipte—Flour, 6,765 bbls. ; wheat, 36,220 bushels; ‘cor 13,000 do. ; corn meal, 200 bbls. ; oats, 16,925 bushels; barley, Laide The flour market was duil and heavy, Dut ‘prices w minally unchan, e Nol the sales were about 9100 bbis., including all kin range we the annexed quotations. prices within the anger a ey meal quiet: sales ov tor Western ilo lg quote :— 0. Extca Western. . Extra Minnesota. Round hoop Onto, ship ping brands. Round hoop Obi di Sancresc® Fe PES SELSARSSSS SAS SSSSEETLSE Bt Louis straight ex St. Louis choice double exir St. Louis choice family. Baccvakoac: Southern fara Corn meal, West rn meal, Jerse n meal, Brandywine rn S Semone a Sears g SSSseushekssesessnasusEsTe HS coS cores —Wheat nominally lower. sales were about 75,000 bishels, at $1 45 4 $1 48 for in- ferior Spring, $1 52 for No. 2 Chicago in sore and atioi $1 565, tor No.2 Milwaukee to arrive and $2 tor white Uther descriptions were tions, Corn was firmer sales aggregate about 6445: Genessee in store and afloat. hominal in the absence of tran 98,000 bushels, at 1M store for Western mixed; yello at O7ige. a 68c. and white at70c a 72c, Oats were naeady but the market as The sales were Giga about 35,000 bushels, at 48. a S0c. tor interior to poor new black Western, 0c. a 503gc. for new Western mixed afloat, 46c. for black do. on the track, Suc Sic. a 8c. for new white Western, S5c. for white jor white State barley oats, “Me. for choice white ‘Ohio and ‘he. for light mixed Western ony the track. Barley—Sales 1,500 bushels Western at We.; Can- ada ec State held above the views of buyers. Kye on inal in thy ¢ of transactions. Faetcuts.—Scarcity of room alone interrupts transa tions, but rates remiain ureter the same. The chai tering movement is I retarded, oil being held abo nd vessels scarce. Considerably arket, but suitable sizes and na- tonality of vesseis cannot be obtained. The engage- ments to-day were:—To Liverpool, by steam (putt via Glasgow), 2,600 bales cotton, at § ded Ant werp, 600’ packayes of lard and bacon op private t term: to Rotterdam, 1,000 tierces lard at 48. The ‘0 clude :—A Norwegian bark, hence costs it 4s. o, «1 100 bbls. cotton seed oO} |. per allon; an Ital bark, 50U tons, to Antwer; fue cargo. vf provisions, on private terms; an Italian bark, hence ibraltar tor orders, 6,000 cases und 150 Nhds. tobacco, on rivate terms. We tlotice quite a falling of tn the ain freights from San Francisco to Liverpool. Fate 1oF vessels on _the spot was quoted at £5 10a I off of nearly £2 per Movassvas—Trhde in this branch of business continued very quiet, and aside from unimportant sales of domestic to the trade there was Hothing trauspired worthy or tuen- tion, We quote = ” My Qld Crap. dew Crop. Cuba, centelfugal and mixed. Vie. ae. = | Cuba, clayed We. " Cuba muscov: Yuba muscovad grocery ‘orto Bi English fsiauds New Orleans... Naval Srores.—The vas generally quiet, a Bbc, . irits of turpenti jarket for ‘i id Fiat ther favored te be er. We lea of 2 a 0c. bis. In small Tots i. atbie, ‘omtered ‘in round. ioe wt ‘ihe close at S9}gc. juiet, and rather weak. Rot — ed uoted arg i Bate bbls, = goo" faines at $3 75; 100 bbls. pale and ¢: pale Tar ‘and pitch were ali but Sela Na ppminally 18 befor Pernougug.—T ~ | M.—Sales middling the market for refined, dulness being the most conspica. ous fexiure. Ata concession of a ©. & te, per gallon @ large business undoubtedly be consummated, but holders evince no di meet buyers’ views, consequently the nominal quotation for cargoes of re: pare was still 746. Credo, in bul ee mee ay but some holders’ were demanding '13c., 3 ware at the inside price, | Cases were a totninal Sic-a ie, “The ame remarks wil apply with caval ile. The same remar! apply with cuual force to naphtha, which was held Tora Tet 1644. @ Ie. for wpmere onal pit Creek tag marks et ws S70 ao © roads at upper al the ay Bec City dail, at 85a 339. The hile: ia market for renued was exactly in the same con- delj Gio as th as the lew York market, spares being wide apart in their views; the sa piles, _ 8 7c, The amount of crude, in. bi terday at 12%c. 3 ar: To-day 200 bbis. ot olty’ naphtha dow Bravity) realized 173¢c, v noviatons—Recelpts-Pork. 1 O11 bbls. ; beef, 831 pack- ages; ci 1,290 bbls. and tierces and ky was. rather easier under more liberal receipts, 8 Were reported of 750 bbls. of old last eveni at toate Fl 10 kegs. e market for ines a Decet fonda 28 bbls. of old or ne bbls. of new, for ainuary., at $13. Inj fas ‘50 bbls. of prime mess sold bbls. of exira prime at $11 50, tuand and about steady, The gales were :—250 boxes short clear, tof January. on priva ‘and. 1,000 boxes, (or the Winter months, faladiog short sioar for February, at7%e., and long aid short clear, for January, Te. Dressed hi quoted mt S%6c. a the he gencral market oe Were UnChaD 63e. for heavy: vy 10 ‘ana pigs. continued quiet, Yet the agerogat esx, which was in & small way,'w eae steady, Th sales wore uboue 48 and ron, at from 0a $12 for mess, 1S a $14 for extra mess bbld, $21 @ $22 for prime mess 1 $25 50 a $25 for thd mew Hoot hats were auiet, Ther been but steady, at $33. eo has very little doing to di ription, and prices of led meats were, if a . & shade easier, We heard oc sales of 26 boxen of rip bellies, Zt, at Sha 25 boxes do., 18 I TKe. Lard—The market for reak to-day, without being sae ‘The sales were £00 tiet bs of new, for Prom) it de- it 7 15-16. tierces, to arrive, a 200 tierces: 800 tterees of new to arrive, at f kettle at ‘also, sho tierce for t siac, City ard was dull and weak at Sales last evening, teroes of No. Lat Tic. Sudan —The mirket for raw. in fact for all kinds of sugar, continue very quiet, and, although prices were nom sa 4 GnStinn ged the market was by no pean strong, No sales of consequence were reported. Messi Aunain & Co. report the stock, sales and recolpes, this dite, us follows :— oan » Boxes, Bags, Metado, Stock (ascertained by actua} i, count including xpecula- tion), December OTe 40,225 43,609 1,127 ecuipts since the “ist ‘ot De- cei 220) 6.287 28105 — Total... 4 62,518 Sales. since "aes, cember.. 2,403 3,889 9,100 1,036 Stock this day, December 1, 19,731 48,653 62,705 ot 28,031 37,502 235,00 3,107 | 80,124 75,453 313,190 742 , 69,208 96,286 241,816 599 1—-Cuba—Reti ng, Inferior to. common, air wo good fal, 9 hie. a D990. good to prime, oentrtgal ritugal, mol fe. melaio, ‘Sc, Havana—Bi fant erty pes Two ol 1 ing, cOminon tate fo choles, 9c, ober c. @ We, Sal juperior ‘and extra superior, ‘There was less demand for Carolina to-day on of the firmness of holders. Foreign was also less but the market was steady. . The sales comprise s of Carolina ut 740, & 8340., and 200 bags Kan- goon at Ze. a 7! STEAIANE WAS Ai op ee with sales reported of 50 tierces at 8%c., lbs. in hhds. at Bc. ‘TALLOW Was Weak and transactions ouly moderate. ‘The sales comprise about bi see for common and BiKe 4 840. tor choleg Butside ity held at 8c. Wisi celpts S24 bbls, The inarket was again higher and the demand mydorate at phe ,{mprovenent, Sales 300 bbis, at 9ée., which was high was de. be DOMESIO MAE 10 MARKETS, Cotton firm; good ordinary, ar pees 1 Net recei| Sales, 1,200. aig New Orveans, Dec. 12, 1872, Cotton active; prices highe: Gee onainacyy 1TMe. 5 low middlings, [8igc. 5 middtin ic. Net receipts, W241 bales; grows, 11,039, Bales—' oay, 1,500; last even- iny, 4,00). Stow ky 165,1u2, Moniue, Dec, 12, 1872. Cotton active and in good 1 demands ood ordinary, bales. Exports, Coastwise, It Ihe. ey Jow middlings, 13° iddlings, 1c. et ng bales. Waite, Goaat 331 Sales, 1,500, Dee. 12, 1872. low middlings, 1m; good ordinary, Isa Idigc. Net receip Britsin, 2.960 bales; "Stock, 72,306, Cotton Nddlingar tole Nes, reseinn 9 Joa, Balen 2 ote ee se IN34C. ib re 2,51 bales. Sales, 1200. Stockesy,sase” NC* receipts i323 bales. Ix: ‘to the Continent, Great Zs. Sales, 5,622, Naton, N.C., Dec. 12, 1872. S60. Hosin quiet at $5 20 for quict at $3 25 igrt hi Tar dull at $3 50. “w Spirits wrpentine quie strained. Crude turpentine for Virginia and yellow dip, Burrato, N. Y., Dec. 12, 1872, Lake imports—Flour, 4,200 bbis, ; ‘wheat 2,80) bushels; corn, 43,200 do. ; oats, ‘53,200 do.; rye, 400 do. Rail ship- ments—Wheat, 22,00) bushels; corn, 44,400 do, ; oats, 63,2 do.; rye, 2,850 do. ; barley, 400 do, Flour quiet; Peta Hi B18 $7 25; bakers), $7 a $7 0; amber, $8.90 a $8 755 , $9 a $9 50. Wheat’ pried ‘Milwaukee No. ‘Spring at $140; Chicago No: Sichigen at gt 8; white Canada at $: Winter at $1 6) Corn steady ales 08 car lots, at 50c. “Oats dull; held at 4zc. tor No. 2T Canada at 9c. 5 Barley malt quict; prime white. Winter W Wester a $1 20; Canada, $i 25. Rye nominal at Se. Oter art. cles unchanged, DswxaGo, Dec, 12, 1872. pein eae sales 1,700 poi atssa $3 25 for No.1 tor amber Winter, $9 75 tor white Winter, sli aviee double extra. heat rm; sales of two cars Be Titivaukee club at $1.62, | Corn ‘dull; sales of 1,000 bushels at 88.51 x lots at die.’ Barley dill Ganada at $1 06, Corn meal sold ‘gid for bolted and $1 24 or _unbolted pi gill fee we changed at $20 for shorts, $21 for shipsuuffa and. $22 middinger ‘Mailroad: WeightesFlout to ehiindelphic, Toc. ; to Boston, 72¢. ; to New York, 62c. and to Albany, d4c. Curcaco, Dec. 12, 1872, Flours Demand good atfull prices; extra family sold edo. Barley quiet; gtilenot ‘of 5,000 bus Western held at Wheat steady; No. 1 Spring nominally No. 2 do. (e iy UeH $1 12%) a $1 12% January; i Sa gt of accordingsto losauion Fejected, Corn di aah bu firin; No. 2 mixed, Sle. a : ‘Oats stond 2a Ey We ed, me firmer, hi Fagen Harley aria: Non 2 "Fall oko. a Ole. HH firin and in tair demand. Pork $114, spot, Lard stead at $7 10 a $7 12h Green hams—Dem: ae good at full bs 7, 4c, for 10 nnd 1B 1D. 8 ‘Other green Bulk meats fs. $42 08437 “y Recelj flour, 35,000 bus! wheat, 46,000 bushels 40,000 bushels ‘oats, 4,000 bushels rye. 14,000 bushels ‘parley, Shipmcnts—7,00 bbls. flour, 25,00 bushels wheat, 3,00) bushels corn, 25,000 bushels oats, 2,000 bushels rye, 27,000 bushels barley. HAVANA MARKET, Havana, Dee, 11, 1872. Sugar quiet. Exchange firm. EUROPEAN MARKETS. Loxpo, Dec. 12—4:30 P, M.— Consois for the account, 9174; United States five-twenty bonds, 1567, 94% ; ten-forties, 4835; new fives, Loxpon, Dee. 12-6 P. M.—-Consols anid Ainerican secu- Titles closed unchanged, Frankrort Bookse.—Frawxrorr, Dec. 12—P. M.—United States fve-twenty bonds, 16% foF the issue of 1863. Panis, Bounse—Vauis, Dec. 12—P. M.—Rentes closed at ‘Livenroot Coron Marger.—Livenroot, Dec. 12-5 P- uplands for February at 9d. | Th Market closed firm. but unchanged. The sales of the have been 15,000 bales, includiny an export. Livexroot Breapsturrs Market.—Liveeroot, Dec. 12— Noon.—The market is quiet, Liverrool Provistoxs Marget.—Livenroot, Dec. 12— Noon.—Pork, 70s. per bbl, for new prime mess. Liverroot’ Provuck Market.—Liverroo., Dec, 12— Noon.—Tallow, per owt. Loxpox Monny Marke: ing 3,000 for speculation Loxpox PRopvck Market.—Loxpox, Dec. 12.—Tallow, 45s, a 45s. 8d. per cwt.; Mnseed oll, £35 5s. per ton ; spirits turpentine, 4s, PRTROLEUM 521, for tine p' ercwt ARKET.—ANtweRP, Dec. 12,—Petroleum, American, _COPARTNERSHIPS, rue PARTNERSHIP HERETOFORE EXISTING UN. der the firm name of Metz, Nauan Co. has boom dissolved by Consent this day. Kither partuce will sign in Tiquidatios. JACOB METZ. atid Fats IP McNeill will airs of the firm and continue the A. GAMBLE, w. i MoNEILL, dissolved by mutual consent. Wm. settle and adjust the business, New Yous, Dec. 12, 1872, The Herald Cuban Expedition—The Spanish Organ Gives Its Opinion. [Translated irom Ei Cronista, the Spanish organ to New York.] The Heravp has originated and is organizing a thieving-scientific expedition to redeem Cuba from the captivity in which she is held by the Spanis forces. This refuge of outlaws, at whose head Stands the HERALD, has enrolled no less than six thousand of these charlatans (according to the Henaup's statement and to magnify the hoax), in- cluding a Frenchman who looks upon the task of expelling the Germans from his native soil as an act of supererogation and thinks it is more herois to try to hunt the Spaniards out of the Gem of the Antilles. ‘The only trouble about this Quixotic undertaking is that itis impossible, for the six thousand would soon be eaten up by {ieeers: Why, sixty thousand of such rabble would be but as a plaything for the Spaniards to destroy, and six hundred thousand at least would be wanted to give us the slightest tn- convenience. In conclusion the enrollment of these worthies is the last that will be heard of vhis thieving-scientific expedition. AN INTERVIEW WITH GENERAL JORDAN. ‘From £1 Cronista.) In order to prove, beyond dispute, the report that General Jordan is about to take command of the famous HERALD expedition to Cuba is false one of our reporters lately had an interview with the 80-called ex-Confederate “General.” The affable and engaging manners of our representative so won upon General Jordan that he became commu- nicative, and spoke freely of the different parts of the Island of Cuba in which ne had been and ot the various occurrences which had taken place there in the last few years, He stated as absurd the rumor that any HERALD expedition was about leav- ing these shores, and that the news sent by HENDERSON, THE HERALD CORRESPONDENT, Provided that he had actually sent any news at all, showed the rebeis to be in small numbers, in a most impoverished condition, and without arms or munition. Further, that it was merely owing to the mountainous nature of the country that the insurrection had not long ago been stamped out by the bravery of the Spanish troops, ln conclusion General Jordan stated that he had resolved not to return to Cuba on any more filibustering expedi- tions when he was last there, thinking that it was @ waste of energy and (oolish in the extreme, ‘The reporter then bade the General good day. A Spanish Editor Writes to President Grant. The editor of El Cronista, an organ ot the Spanish government published in this city, has written the following letter to President Grant, with reference to that part of the Presidential Message which treats on the subject of Spanish rule in Cuba and particularly as to the question of slavery in that unhappy island :— ‘To His Excellency General Grant, President of the United States of North America:— Srr—I take the liberty of addressing you on the subject of “Cuban independence,” to which subject you refer in your recent message to Congress, as I think Iam able and by duty bound to make some expianat ion to you on the Subject. ‘The insurrection in Cuba has been approved in this country by several venal newspapers, who have given the public to understand that the govern- ment at Washington was desirous that it should not be speedily squelched, and further, that the inhabitants of this country sympathized with the insurrectionists. This tacit endorsement has kept the rebellion alive toa great extent, and has led the insurrectionists to hope for material assistance from this country. BLAMING THE PRESIDENT. Icannot help remarking in view of the allusions made in your Excellency’s speech, and I say it with all respect, that they show a friendly cela toward the rebels, wio, it may be remarked, but a handful in comparison with other residents of Cuba, who are loyally disposed towards Spam. SPAIN WILL EXTERMINATE THE REBELS. Should the rebeis in question from their moun- tain refuges still persist in carrying on this, to them, suicidal strife, Spain will not neglect her duty in exterminating these men. ‘The prolongation of the strife in Cuba is owi to the mountainous districts with which the isla abounds, and also to the numerous fillibustering vessels despatched, and yet to be despatched, te aid the insurgents, from the United Stat THE COURT OF MADKID. From this lax interpretation of internationat law it is possible that the Court of Madrid will one day demand an official explanation from the United States, or cause inquiries to be made as to the condition of the recent slave States of the United States since the civil war, a3 to the work- ing of the Ku Klux law and other kindred matter. This may be indifferent to the government at Washington and the American people, but it is im- possible to tell what is concealed in the future. SPANISH CIVILIZATION AND UNITED STATES BUTCHERY, Spain, which discovered the New World, and, at infinite cost, civilized countless tribes of pagan Indians, cannot but view with horror the system pursued in this country of wholesale exterminae tion of the red man. A DEFENCE OF SLAVERY. Who would venture to predict that the abolition of slavery would cause peace and tranquillity to reign in Cuba. On the contrary it would inaugu- rate a reign of civil war and strife of races, which would extend to Hayti, and other places, ‘This state of things would not sutt American commerce and this sentimental philosophy which States that slavery should not exist in the nine- teenth century is not applicable in the present case, and would cause the actual ruin of the island by increasing poverty. A VIOLENT REMEDY SUGGESTED. I know now tranquillity could be obtained in Cuba prose offices. Letit be proclaimed that all interference for Cuban rebels is illegal, and put: the head of the Cuban “Agencia” in this city in prison, for his presence and conduct here is a burlesque on tnternational law; let an investigation be held as to the conduct Of those United States officials who have allowed filibustering vessels to leave the ports of this coun- try and punish those revenue oilicers who have allowed these vessels to escape, thereby degrading the American flay; and furthermore, punish by dis- missa! those Consuls in foreign ports who have alforded lacilities to those piratical craits, GRATITUDE TO SPAIN. As Spain acted a strictly neutral part during the Jate war in this country, as England now does towards Cuba, [ask that the same spirit may be shown by this country. By these means the Cuban Tebels will see the folly of the course they are pursuing and peace will again biess the land, In apologizing for the length of this letter the deep importance of the subject must be my excuge. Thave the honor to remain with the highest ree spect, JOSE FERRER DE CONTU. BEAL ESTATE MATTERS. An Extremely Dull Day—Only One Referce SaiemA Few Private Trans- actions in Improved and Unimproved Property—The Value of and Profits Made on Fifty-seventh Street Lots. Yesterday was the dullest day witnessed in real Mi Cot $05,000 on New York and Bre CALLENDER & n Proper: ENCE, Pine street. HAVE A TRUST FU oan, in sums of $5,000 and up- New York dweiling and. store prop- bing to obtain loans to the extent of roperty can do so, Without bonus, | by applying to CALLEN DEW & TAUREN E, 30 = MOREY To LOAN Ay ‘BOND, AND Wi in New York, Brook!: i ‘only pa WO SAMUEL 8, Woon’ yr, room 1, on First Mort worth $8,000; rent proved trom the 4,541 Post office, New York. AY COOKE, M'CULLOCH & CO., 41 Lombard street, London. Foreign Exchange, | Commercial Creili can be | . Address box | Javle Transfers. | boy Letters for travellers available in al} party ot the world, JAY COOKE ‘& CO, _20 Wall street. PET INCOME OF rm PER CENT ON IMPROVED real estate; would not pe sold if the money was not wanted in business. . HEATH, 200 Broadway. FFICE OF THE ciaecan PACIFIC ATLROAD Company, 28 Filth avenue, New York, Dec. 2, 1872 The books for the teanstor oF rowstered donde will be closed on Saturday, December 14, to prepare tor the pay- ment by check, of the semi-annual interest due January | The payment ailing to as heretofore, losing of | the address of ¢ of record at the books a coin cheek tor the amount of in| , All bondholders who have changed their address since July Lt re Feqnested to send thelr present address to this office tinmediately. ba books will be feopengd Fs Ps Janu x 1873. KNEY, Treasur = Whine mo Iyn property ; $1 000 TO $5,000, ¥ TO LOAN ON CITY AND BROOK- also for purchase of second mort- WARD & LEAVITT, 54 Wall street. PARTNER WANTED or active, to establish & no ‘al brokerage business; investment about six per cent a month; answers c dress DISCOUNT, Herald Uptowe Branch of $5,007 AND $10,000 TO LOAN—ON_ IM. 4. 000, Rovod city Property. brokers not not PKe Ggo! v WaLTO LOAN ON MORTGAGE—BY DR, ILENT nit gen- will net tial. Ad- 1 Park row, rooms 5), SI and $10. 000 Mordicai, 3% Fulton street, Brooklyn, here has been nowhing new, davaloped i in + wom, caycors and other Who guarantees to pert pertedth y and speedily cure consump- diseases oF dive services Irve, estate matters for some time, without there being | any other cause therefor except the near approach | of the holidays, when, usually, property 1s in light | demand, There were only two sinall sales at the Exe change, made by Muller, Wilkins & Co., of two lots | situated on the northeasterly side of Madison ave- hue, commencing 50.5 feet north of Seventy-fourth street, 25x100, to Benjamin Lehmaier, for $18,000 each; and one four story brown stone building, north side of Fiity-eighth street, 156.6 west of Lex- ington avenue, lot 16.6X100.5 feet (referee sale), to | E. Vv. Loew, for $19,+ being $7,000 over and | above the Inortgage and interest, Messrs. E. H. Ludiow « Co, soid, at private sale, the house and Jot 2s East Thirty-eighth street, be- tween Park and Madison avenues, with Uxturee 18.9% 100, to Dr. Maxwell, for $45,000. . Raynor reports having sold two lots south side of Fifty-seventi street, 150 feet east of Seventh avenue, for $36,000; one lot south side Fifty-seventh 5 feet west of Filth avenue, for $33,0005 and also sold through a broker two lots south ‘side of Filty-seventh street, 200 feet east of Seventh avenue, and one lot north side of Fifty-sixth street, for $50,000. in speaking of property located on Fifty-seventh street, it becomes proper to mention, in this con- nection, that about two weeks ago we noted the sale of four lots on this street, between Fiith and Sixth avenues, to a Mr. Myers, for $42,500 each lot. This same property was resold "yesterday for $45,000 per lot, thus realizing for the owner $10,000 net profit in about two weeks. Fifty-seventh street is one of the finest thoroughfares in the vicinity of the Central Park, 100 feet wide, restricted almost tally against nuisances; consequently lots here are held at very stuf prices, and Whenever offered command a ready purch: Only two legal sales are advertised for to- day, which, however, may be postponed, The outlook, therefore, for aly activity in the market ls pretty, slim. ANOTHER FATAL RAILROAD QASUALTY. About seven o'clock “on Wednesday evening the body of an unknown man, thirty-five years of age, was found lying dead on the track of the Hudson River Railroad Company, foot of loath street, he, as ts believed, having been ran over by the out- ward bound Yonkers train and {nstantly killed. Deceased had black hair and cdin whiskers, and was dressed in black overcoat, fray sack coat and vest, brown ribbed pants, whi a moan shirt and coarse boots. The body was /,ent to the Morgue for identificatien aud Caranet Schirmer notitied.