The New York Herald Newspaper, December 17, 1872, Page 9

FINANCIAL AND COMMERCTAL. Clique Manipulation of the Money Market. A Duller Movement at the Stock Exchange. GEBEBAL IMPROVEMENT IN PRICES. The Corruption and Demoralization of the Pacific Mail Specntation. A Now Issue of Six Millions of Rock Island Stock. AN ADVANCE IN THE SHARES. Higher Prices for New York Cen- tral and Western Union. GOLD AND GOVERNMENTS STEADY. Propositions in Congress for Free Banking and for the Resumption of Specie Payments. = WALL STRERT, Monpay, Dec. 16—6 P. M. Qn 'Obange to-day cotton wasin active demand and 40. per tb. higher for lots on the spot and iO & %C. per lb, better for terward delivery. Flour continued dull, while wheat and corn were quict and unchanged. COMPARISON OF THR IMPORTS. The following shows the imports, exclusive of specie, at the port of New York for the week end- ang December 14 and since the beginning of the year 1870. 1871. 1872, ‘Ory goods. $1,380,013 $1,018,889 $1,189,573 General muse. 4/631,572 8,842,728 6,736,138 Total for week. $6,012,490 $5,861,017 $0,925,711 rev. reported. 2,10 08,694 $356,577,085 $400,317, 046 $282,121,284 $382,439, 302 $407, 342,757 THE FOREIGN MARKET. Quotations by the cable show @ steady and quiet market for United States bonds and report activity and more firmness in consols. Fries come an eighth lower, at 42%, equivalent to 52% in our cur- rency. From Paris we have the announcement of @ faliof 92 centimes in French rentes, the explana- ition of which is not at hand, although it may come ‘to us during the evening in our special despatches from the French capital. MONEY STRINGENT, The money market was active throughout the day. Towards the close the inquiry developea an up, tooked-for stringency quite exasperating to borrow- erg who had delayed making up their accounts. The first dealings were at 7 a 7 coin, the govern- ‘Ment houses getting their money quite readily to the olose at the latter ofthese figures. To the stock- ‘brokers the lowest rate was 7 per cent coin, the terms advancing to as high as 3-32 before three O'clock, with the quotation closing 1-32 a 1-16, It should be noted that 3-32 is equivalent to over 33 percent. There was no new feature in commercial paper. reign exchange was steady on the basis of 109 a 209%; for prime bankers’ sixty-day sterling, and 110% & 110% for sight bills. ¥ GOLD STEADY—1123¢ A 112%. Gold was steady at the range of quotations prev- silent now for several days—viz., from 112% to 1123. The market was also quite dull, and the fuctuations of to-day were made on an unusually amall amount of business. The speculative interest is th abeyance beyond a light line on the short side, thrown out in anticipation of the prepayment by she Treasury of the January coin interest on the public debt. The Sub-Treasury pald out $50,000 on account of past due interest, and $14,700 on ac. count of redeemed five-twenties, The course of the market is shown in the table: — 11244 1:30 P.M. ‘Since Jan. 1.. + 112% 112% 2P.M. + 112{ +112 8 P.M. 2% + 112% 4PL My... 12K @ 11235 In the gold loan market the rates ranged from 5 percent for carrying to 1-64 for borrowing. The operations of the Gold Exchange Bank were as follows— ‘Gold cleared. Gold balances. Currency balances. THE RAILROAD BONDS. Tuo railroad bonds were fair, with a moderately jarge business, The Boston, Hartiord and Erie ‘iret Were active, at 43% a 433. The following -preré the bids at the call:— Chic & NW Istm. kh ty St Jo, 20,98 ew Sir im. 96 w York Cen 7": su iN 1876. New York Cen 7's, York Cen7’s," . extended. .J01%¢ m, 7 278s New ri 4 Mich Ceu5's, Ist U3 Chi.Bur 4 Q.8p0, Ist mus | loaded and gone “short, | deavoring to wheedle the public into selling the registered into coupon bonds has been amended in the Semate 60 as to impose the expense of making the change apon the owners of the bonds. As the OOUPON BONDS are worth in the market all tho way from one quarter up to one per cent more than registered bonds the owners can afford 4 light tax for the conversion. The following were the closing quo- tationss—United States currency sixes, 112% @ 112%; do, sixes, 1881, registered, 113% a 113%; do. do, coupon, 117% a 117%; de. registered, May and Nevember, 113 @ 113%; do. do., 1862, coupen, do., 113 @ 11354; do. do., 1864, do. do, 113@ 113%; do. do., 1865, do. do., 113% @ 11334 ; do. do., 1867, registered, January and Juty, 11234 @ 112%; do, do., 1865, coupon, 115% @ 115%; do. do., 1867, do., 116% & 1163; do. do., 1868, do. do., 116% & 116%; do. ten-forties, registered, 109% @ 100%; do. do., coupon, 10944 a 109%; do. fives of 1881, registered, 111 @ 112; do. do., coupon, U1y a2, CONGRESS AND THE FINANCES. The wiseacres in Congress are atill “pegging away” at the Utopian scheme of legislating the country to specio payments, A bill introduced to- day provides that “on and after the Ist day of ——, 1873, United States Treasury notes shall cease to be lawful money or legal tenders in pay- ment of debts public or private, except in pay- ment of debta contracted after February 25, 1862, and before the 1st day of ———, 1873, and except in payment for taxes and intorest due or to be- come due to the United States, The Secretary of the Treasury shall withdraw from circulation and destroy during cach month, trom and after tho 1st day of ———, 1873, not less than ——— nor mo! than —~— millions of the Treasury notes '--* fore issued, until tho whole amoupt “#ereor are extinguished.” Which was rer~--e4 to the Com- mittee on Banking and culrency. A bill to au- thorize froo hankiag OM the basis of 5 per cent government bonds was also reforred to the same committee. STOCKS DULL AND IRREGULAR. The stock market, while dull and irregular, was for the most of the list strong and before the close of the day underwent a general improvement, no- ticeablo chiefly in Pacific Mall, Western Unton, New York Central and Rock Island. The firat ten- dency was on the declining side in sympathy with a further “break” in Kock Island, which went off to 109 on the formal announcement of a new issue Of $6,000,000 of stock, the coming of which has been “in the air” for a week at least, as quite a number know who have been curious enough to investigate the cause of the decline of over 6 per cent the past ten days in ROCK ISLAND SHARES. This issue raises the capital to $25,000,000, which is the limit, if we remember aright, fixed in the charter of the company, and beyond which, under the new constitution of Illinois, there can be no further increase. It 18 claimed for the watering of Rock Island that the profits of the irrigation have always gone into the treasury of the company, just as Harlem has always received the full benefit of Commodore Vanderbilt’s waterings of that stock. The new lasues are always made at a time, however, when there is reason for believing that the directors have been enabled to make hand- some profits on their knowledge of what was com- ing, and gossip to that effect is now busy with the present issue, At the same time it is intimated that THE TOM SCOTT PARTY, representing the Pennsylvania Central Railroad, had quietly secured a controlling interest in Rock Island and were about to take it from the control ofthe Tracy party, but were discovered in their strategy by the latter, who, to retain their control as wellas to extricate themselves from a heavy venture on the short side, were compelled to issue every dollar of stock they were allowed to by the charter, Hence tne sudden creation of six millions or new stock instead of the usual one or two mil- lions. The new issue having been, in the language of the street, already discounted, there was a rally in the price to 1103;—the strength of the stock under the circumstances being quite AN ANOMALY in Wall street experiences. The announcement referred to is as follows:— Orrick CHICAGO, ROCK IsLanD AND Paciric RAILROAD COMPANY, New York, Dec. 16, 1872. TO THE PRESIDENT OF THE NEW YORE STOCK Ex- CHANGE :— In accordance with the rules of the New York Stock Exchange, you are hereby notified that after thirty days this company will issue 60,000 shares of additional capital stock. The proceeds of such additional shares are required for building double tracks and side tracks, substituting steel in pace of iron rails, building new passenger and reight depots, machine shops and engine houses, adding new equipment, completing branch roads, substituting perthanent structures of stone and iron in place of wooden structures, reduction of grades on the lowa division, and for other purposes of thecompany. JOHN’F, TRACY, President. The developments in Rock Island put PACIFIC MAIL temporarily in the background, but attention was soon directed to its strength and quiet improve. ment, the advance looking like the execution of orders given to experienced brokers to buy well. The reader will remember that the HERALD has given an impartial and faithful record of the prog- ress of the speculation in this stock, much to the annoyance and confusion of the clique manipulat- ing it, When selling at 50 a@ 60 we explained its capacity for an advance in view of the develop- Ment of the China trade. When it advanced to 100 a 103, and the clique were endeavoring to delude the public and induce them to buy the stock with a promise of a rise to 125 a 150, we exposed the infla- tion of the stock and narrated how its value had been seriously impaired by the inauguration of the NEW ROUTE TO CHINA, via the Mediterranean and Suez Canal, whose steamers were bringing merchandise direct from the wharves of Hong Kong and Amoy to the wharves of New York. After the cliqne had un- and while they were en- stock short at 70a 89 per cent, we again exposed their plans and schemes, which are all the more scandalous because the pool embraces in its num- wich $070.6 2d mr... Mich to ANI 84,70 c.100% Cle Clevé Toist. «2g Ciey, Pamesviliee A ,old 9913 Clev. P & Anew bd Det, Mon & Tot pd: Buf &Er.e new bd LakeShore div bds. Ohio & Mississinp i Ohio & Miss 2d m, Lake snore con c od: Peninsula istm con ! Fao RE 7's.gtd by Mo. S83; St Louis & Irom M Ist in Western Macific bonds. 9 1 8t Paul Ys..106 Con Pac gold bds.......10234 Mil & St Paul 7's, gold. 9834 Cen Pac State aid Mila St Pawi, Ist m,... 93! Union Pac 1g7's Mil & St Paul'2d m. |... | IN Cent7 per cent, 7: | Belly'le & ST ist m Alt & T H lst m hic & Ind C Ist im. { Alt 4TH 2am, Me & Ind C 2d m. Alt &.T H 2d co & WWD. | Chic’& N Ws KAN Havendis:, 98 | Chie & NW i 94 Bost, H&E lstm,"7s.. 424 Chic & NW con bds.... 89 - Cedar ¥ & Minn Istm,. S145 Chic & W exten bds..:. 89 = Bur, C R& M7's, Ist, g. 87 SOUTHERN SECURITIES HEAVY. The Southern State bonds were mostly heavy, witha considerable decline in Virginia consols, which went off to 573; as against 59 at the opening. {n the absence of positive news from Richmond it {s guspected that something has gone wrong with the Utigation to compel the State to accept the coupons of these bonds in payment of taxes, ac- cording to the stipulation in the contract under which they were exchanged for the old bonds, The Tenneasees were less active and quoted about 40. The best bid for the Missouris was 94, while the vonda issued to the NORTH CAROLINA RAILROAD qvere held at 60, South Carolinas were firm. The following were the closing prices:—Tennessee, ex coupon, 79 @ 81; do., new, 79 @ 80; Virginia, ex soupon, 45 a 50; do., sixes, consolidated bonds, 57 @57%; do., sixes, deferred scrip, 154% a 15%; Georgia sixes, 7779; do. sevens, 88 a 90; North rolina, ex coupon, 34 a 36; do, to North Carolina Railroad, 51 @ 60; do., funding, 1866, 27 a 20; do., | do., 1968, 26 a 28; do., n 13 @ 16; Missouri sixes, 94 a 9474; do., Hannibal and St. Joseph, 014 a 93; Louisiana sixes, 50 a 56; d0,, Rew, 50 a 55; do., levee sixes, 60 a 00; do., do. eights, 70& 80; do,, do, eights, 1! 70 a 80; Ala- bama fives, 55a 60; South Carolina sixes, 50 4 57: do,, new, January and July, 24 a 2%; do., April and October, 2), @ 27; Arkansas sixes, funded, 42.050, GOVERNMENTS STEADY. The government bound market was st not so firm, the bidding pric the asking prices to-day and one-eighth lower outside the “long sixes,” which field their own, and ¢ currency sixes, which ly, but eW, 21 a 23;do., special tax, | sof Saturday being | nal business being | vers the leading officials of the company, In this | covnection, but under other circumstances, we would advise the public to quit Pacific Mailand let it alone forever; but this advice ia precisely what the pool would like the public to take and act upon, so that our well-meant indignation would be as delightful to these gentry as was the wrath of Mr. Pickwick to the pettifogging Dodson and Fogg, when they desired him to administer to them the punishment a gentleman indicts on acontumelious inferior. The Pacide Mail speculation under its present auspices has been conducted with a corruption and demoralization which should sub- | ject the affairs of the company to legisiative inves- tigation and remedy, The next Legisiature ought to take the matter in hand and give the company a thorough overhauling, enacting at the same time a stgingent law that no director or oMcer of any corporation should, under penalty of punish- ment for felony, be guilty of selling speculatively, or for A FUTURE DECLINE, the shares of the company of which he Is such @l- | ; rector or officer, the party giving information of the crime to be entitled to a handsome reward, re- coverable from the personal property or realestate of the criminal. Some one proposed to tie a di- rector on the locomotive to prevent railway acci- dents, A director or two sent to State Prison for perversion of his duties and maladministration of his office in furtherance of speculations in his com- pany’s stock woul entire tribe of “directors” and @ moral tonic for the community at large. HIGHEST AND LOWEST PRICES. The following table sows the highest and lowest prices of the principal stocks daring the day :— Highest, Lowest. «+ OTH 34 New York Cen tral Brie... 53), Lake Shor Oy Watash. TL UL Northwestern (ex div. ++ B3Sy 8344 Northwestern preferred (eX dty,) 8755 87% Rock Isiand. 110% 109 St. Paul. bth OAM St. Paul pt 1% T1% Ohio and Missiasippt. aT 46% Union Pacitic BT% 31% ©, Gand LO 35% 254 Western Union Tel 804 19 Pacific Mati. 1% 71M M Piliade!pita Readiog was figm @nd Closed at UT be a wholesome lesson to the | Monday, Des, 16— oe A.M. 5-20, ©, a US 5m, I. ‘ UB 6%, 1040, i 1: do. eee A. M.—Before Call. 4 400 she C4 RI RR... 10 00 aioe i 79%, 00 300 74 Ww Deeseeee do. oy Soo mn aS 700 Pac M 88 We fon a Boge Ry Bowe $8 ‘ 1000 Re 20 71% 10 do. RY i 100 H & 8t Jo pr. 3 7% 300 do. mo 72° Bw 8 tis RB 200 Rn 900 1 50 it 1200 Y hip Bs 4 400 F 58 20) L * 200 Ets 100 100 Ua Hy 100 37 200 Ohic 0s Paro00 Va Me con. 0 Ro Mich in OH 1000 D, aa Py 1000 Un Paol'sivm 97 8h 1900 D, se. 000 Tot §, saa 8 Beceem Gs iio 8 HA Keie tite s ay 5 & 8 io aie tp 873$ 100 11” 300 2 Ninth NatBank.-.. 108 {00 600 Canton C Wis, $00 Ea 300 79% 300 TW 200 79° 20 7 400 19, joo 1D 30 7% 20 79% 200 Chio & 79% bo BL 82! rt ra ni n n ni ni n R 500 n 600 T2' 100 7?! 200 2 300 72 109% fe 2 1007; E 10" lr W97% Ht iy 7 71 iy di 1155 00 N J Sout nm 26% 100 Mar & Cin 1st DESO Bg 300 Han &StJo RR... 47 100 ts abe 47 100 a gaeneorg eal, WOM eS iope. be BO OhIOMRER. boc 45% 300 Del,Ls& Fi 200 ‘do. ay 12:45 and 2115 P.M. $30000 US 5's, '81,c.bo 11134 12130 800 shs West Un Tel. 100 Quick M Co. 3 $10000 US 5's, 10-40, .. 109% P. M.—Before Cult. 3 rs Ereerrrnerrccnecen seESSEs= 100 100 200 jo. teres 300 Pacific Mail 85 Co, 100 do. do, &St5o tt St Jo pref. ‘& Miss RE, 100 Han 7 wna 96% 100 Ohio <a n RR... ¥4 100 Panama RR. 200 100 U 8 Ex Co. 500 Pac MSS Co. do. 0. 100 Pitts, Fe W'e Cube 200 D, Lack 4 W RR.s5 0. . 100 do: 200 B, N&E RR. 10) Ohio & MRR. 4000, CALC RR... 2:30 to 4 P. M. 10 shs PacM 88 Co... 74% De © ¢ 200 shs We: do: st Un Tel 00 BOs sis. 100 Harlem RR... 100 0, 200 LS AM SRK. do.... | 200d | too New © Ws Drs s sain as soe MB WNYC & ARERR... 5 do 7 de de a: Ce | 300 Pac M SSG; 10) 2 2 do. 100 M & St P itit. 200 Dye vess 200 do. 3 100 T, We 3 do PW RR Western Union. 814 a $0" ficksiiver. sa 453g Hicks Baeine Malt. . 4 Han & StJo.... 4 is Han & St Jo pf. 6 & 70 Boston, H & Lia ee GOAL Co... Raa 85% COMMERCIAL REPORT, Cotton Active and sher—Receipts at the Ports, 16,843 Bales—Floar Dall— Wheat end Corn Quiet—Freights Quiet—Pork and Lard ‘Steady=—Gro- cerk Qulet—Petrolegm Nominal— Spirits farpentine, steady—Rosin Lower=Whiskey Fin, Mawpay, Dec, 16—6 P. M. ‘Thoro was but a limited movement in trade marts | to-day, and (herg wag but little that was Ladicative | standard, Nos. 8 to | rior. Sige. a | prives; sates t00 bbIs. at 9e, of any increased demang for merohandise untit After the holiday season mall have passed. The Vall (rade was protracted uit{t an unusually lato date, but it may finally bo Cagsidered as about over, snd only a slow, irreguhy ment is looked for until after the incomng New Year, when it i@ hoped that @ more active sea- son will dawn upon the commercial world. The carcity of tonnage was still tet to-day—and it ts one of the chiefest checks upon the export movement of produce, On ‘Change cotton was firm and better prices prevailed, Fig} remained dull, Wheat was also dull but firm. There were no sales ef moment and prices were nominal. There was more tone to the pork market @nd lots on the spot were held decidedly higher. Lard remained about steady. Groceries contin- ued very quiet, but there was no essential change in values, Petroleum was stil! nominal. Spirits turpentine were quict, but about steady. White rosin was also quict, and decidedly easier, Whiskey was quiet, but very firm. “ ‘orrer.—There Was no business eryuite active, at, hands, but the jobbing tead~ prices. We quote nomi- in some Instangcary cargoes, 15840. a 15%. ; nally :—Riw {63¢c. ; good cargoes, I73¢c, @ 17%Ke.; prime 80Gbeb, 1840. a 18}4c.; Java—Governinent bags, 13%c. @ 1c. ; do. (150,412 grass mats), 19c. a 20c.; Singapore (20,020 grass mats), 150, @ l6c.; Ceylon, I5i¢c. #160. ; Mara- calbo, 1c. a 163c.; Laguayra, t5i¥c. a 17ie. ; Jamaica, ‘Me. @ 16c.; St. Domingo, 13e. a 13%c., gold, 6 to90 days. Corron.—There was a fairly active movement in spot cotton to-day, chietly for export, at an advance of he. per lb, on allgrades. The inquiry for future dolivories ‘was good, and prices ruled in sellers’ tavor to the extent of 4c. a Aye. per lb, The sa les sum up as (ollows Sur. Boe'g. ‘howe ” o Lm 38 —For future delivery (basis low middling) the sales have been as follows :—Sales Saturday evening, aller it —Dec embury 600 at L9A¢c., at 19}. ; Januar Besa at igsgee dab at sie 6c it Dien B.P. to three I bree BP. Ke. . 1,900 at TY 5-16c.. 4c, 1,000 At 19 7-I6e., 100 at iD lanuary, 1,600 at 19 9-L6c., 100 at P.B., 10d at i9s%e., 200 at 19 9-16c. B.P. B., LU at 19% ¢., 100 109 at 19%4c., 800 at 19} -y 200 2034 t 207-1 Too" at 20 Gibe., "300" at 20 100 B. 100 at do%e.: June, 700 at ¥B, B. Total, 16,500 bales,” Grand Tho recéipty at the — ports Galveston, 1,54; New Orleans, 43:5; 14;" Chagieston, 2.120; Wilt n, 3.814 folk, 1,898; New York, 356; Boston, This day last week, 18,774. This d. Rates on c fore 36, Vast Liverpool, mediate, 24 Sud. Janu y steam, a7. i 7. by regular boats. We quote :— yplants, Alabama, New Orleans. Texas, 17 eH 17% 7% Ordinary... 4 Good orilinary ‘ a hie 9 Strict good ordinary 18 [3- 19 116 19 6-16 19. das Low middling, + 1% ae 1994 174 Middliny a) 20 208g Py od middlin; 21% 21% 22hy 223; 2 zB A he qaotations are based on cotton in store, running m quality not more than half a grade above of below the grade quoted. FLOUR AND Graty.—Receipts—Flour, 13,(67 bbls. 83,920 bushels; corn, 15,10) do. ; corn meal, 209 bbl 204475 bush wheat, white and $3.50 5 70 78) vid iS 2 x4 & SSSSRESSESSASTSSSSESRARES te Superfine Sta Extra State Choice Sta Superfine We: Extra Wester Extra Minnesota... - Round hoop Ohio, shipping’ b Round hoop Ohio, trade brand: Family + . St. Louis low extra... Bt. Louis straight extra 8t. Louis choice double ext 8t Louis choice family Californii Rye flour. Southern No. 2 Southern sup Southern extra. Southern fami BE = emt ON AR MS ORIEN SSRERSREREES i 2 2 we? ww Sanaa cane ercsesse. Reppepeperresarereraese Corn meal, Jersey . Corn meal, Brandywine . Baltimore. , ‘aloric. 0.50, f. 0. be. du ed. The sales inj were confined to small lots, at $1 iS.a'$1 46 for interior Spring and $1 $734 for white in store; other descriptions were entirely nominal. ‘The sales aggregate ¢ ab hels, including 7,500 bushels of choice Milwaukee and we leas of only of stern mixed and xed offered at the © sules foot up ab ge. ol to cl hoice do. Suite, 7c, a 48. for black 7c. a We, for mixed good to choice; old held | e the views of buyers. Burley and put held nominally at previous 1 1GuTs.—Room being still sc was but little business consti 3 but for grain rat demand was slow, notwit orders in’ the mark are scarce. The, engagen 1,000’ bushels rye were tnac- 28, els on the but suitable ts comprise :— non steamer's Account es cotton, at fd. a 11-16d.; and by, sail, 30,00) bi Grain (late Saturday), at Sd. add, To London, by. sail, 7.500 bushels grain (rele), at 94. To Bristol, by sam, 700 boxes bacon, 70s. To Montevideo or Buenos Ayres, 5,000 cases refined petroleum ., gold, and5 per cent primage. The only charter we heard of was an American bark, hence to Trieste, 2,000 bbls. re- fined petroleum, 73. Mowasses.—The market wag dull today, and, aside e tstal jobbing trade in domestic, there were no i |. We quote old om. New Crop. Cuba, centrifugal and mixed...... 17. wit, a Gubal clayed..........+.» me: a 2 sae, oe Cuba muscovado, refining. ip ln a Cuba muscovado, grocery. —a = Bort ico wee aS english Islands Bae: = ew We, a 05e, 650. a 790. New Orleans. Navat Sor! has been qui arket for spirits of turpentine day, but about steady at Saturday's closing prices. Sales were made of 157 bbis., in merchant- able order, at Sic. Rosin wag also quie decidedly, strained closing at $3.50 a $355. We heard of sales of 100 bbls, good strained at $3 59, 115 bbls. No. 2 at $3 30 and 60 bbls. ot No. Lat $3.90. Tar was held hally at previous Ngures, but pitch was lower; quoted at 4 25, Petroueum.—There thas been no change of the market for refined; the say im prevailed, which precludes all transacting business. Cargoes held at 27! bulk, was de id sier, but nominal in. reported tri eouiol quoted at 12c, a 12 inactive, but held at Naphtha quoted at i u [ower-—-quoted on the roads: at $360 on the upper, $34 on. the lower road, and $3 65 at Oil City. The Phila in the same condition as pre phia mari yd i ously notice being wide apart in their views, Retined hi for cargos, Provisions.—Receipts—Pork, 1,013 bbls.; beef, 975 ackages: cut meats, 3,005 do. ; lnrd, 654 bbls. and tierces. The market for mess pork continued very quiet, while prices were nominally firmer. Sales were made of 3) | Bois. for , at $13 50, and 25) bbls., for January, at $14 25. The ile was moderately fair sales were ma 0 bbls. at $13 26 for old new. Bacon was in limited dema: for city long clear, cash, xes short rib at 7c., 10) boxes idles at 67¢c. and 1,00 boxes of long and short clear, for January and February, at Ze. Dressed hogs were rather easier; quoted at S!yc. a O33c. for the range. Beel—There was a simnail trade in a jobbing Way to-day, but for round lots the market was quiet, The sales were about45 packages, at from $10a$12for new | plaim m Sa $14 tor extra mesg bbls. $i a $22 lor a i prime mess terces, ) dia mess Herces, Beet h active but steady at $3. ‘30 bis. Cut meats—Trade to-day has been, only te, and principally in # jobbing way. Prices We note a sale of 100 Lard—Under a bet. Sales 500 ntract, mot were nominally unchanged. ticrees heavy pickled hams at 9c. terdemand the market closed rather firmer. tlerces, for December, at 7%. 1,000 do., old February and March, on ‘private terins: 2.0%) do. anwury and February, on private terms; 200do. of re- fined ne $yen, 100 do. Noel at 7c. and 300 do, of clty at H ved ag ick.—There hag been about the usual business trans. acted to-day and at steady prices. The sales were 40 tierces Carolina at 77 c. and 200 bags Rangoou at vcat.—The general market for raw remained very quict, while prices were net essentially changed, but I most instances nominal. We have only to note sales of | 10 hhds. and 300 boxes of centrifugal at 10> ‘and steady at 1 steai t Ute. for bards, “We quote inferior to common, B4c. Iy Refined | r, P4c. AINE. ; Good to prime, 9%4c. a Ve. ir to good, Sige. a Ic. ; prime to choice, I centrifugal, hhds, and boxes, We. a 105 nds. and’ boxe ses, Ki Havana—Boxes, Dute a 108 8, Sc. a M4c.; melado, h standard do., 10 to 12, 9ige. a We. : do., 13 to 15, 10! to Tk, He. a Sse. ; dow, 19 to 20, LDN Al2e, Porto Rico—Rennin 9c. ; grocery, fair to choice U, 8i¢e. Wer Man STEAKINE Was quiet; 25 tiorcos sold at SX¥c. TaLiow.— market was. quiet and weak ; sates 150 bbls. and 15,000 Ibs. at d9c., which was a full peice at the cle close. Wiuskey.—Receipts, 650 bbls. ‘Tho market was quict, but firm at %e., closing with sellers demanding higher Boo bee to va Igo Mes, Java—Duten standard, a-Superior aad extra supe: Nos. 10 to'12, 9ige. & DOMESTIC MARKETS. ~~ Gauenstom, Deo, 18, 1372, Cotton firm; good ordinary, 1c. a Ic. Not receipts, LSD bates gports ‘to the ‘Contient, 1,429,” Sates, 500 Stock, 70,504. New Oneans, Dec. 16, 1872, Cotton strong: good ordinary, Ise, low seddling, 18740 middlings, Not receipts, 3813 HALES; gross, 5,13 Expo rts—To Great Britain, 5,3); to the Continent, 3.627; coastwise, 2.509. Sales to-day, 2000; Inst evening, 8,000. Monit, Stock, 164,741 Doe. 16, 1872, Cotton firm and tending up; good NN 18. ; low, middlings, 1840. ; middlings. 190, 0 receipts, 3,567 bales. Exports Coastw: Stocik, 8 Ou2. 2. Savannan, Mec. 16, 1872, Cotton quiet and fem, middlings, 170. Not receipts, NéW YORK HERALD, TUESDAY, DECEMBER 17, 1872—TRIPLE SHEET: were strong. The bil! ¢o allow the converston of | BALES AT THE —. | Net receipta, Di ea hr cr a Export constwise, 2497, Galen, | Flour steady, fect Mars Os Dee. gts ai ted, ed, titan B22: 18 1; shinxour to Phil wahtrk, B2c., ant to Alban: Borraco, Deo. 16, 187%. 432,495 bushels; cor, "324.b18 do. ; rye, Sl, Lake itm| ‘corn, 46, ‘do, Flour has an upw: C4 725; bakers’, 81a 81 {8 arnber, a nite, $3.75 a $9 50. Wheat firm and in good de- mané; sales of 2,500 bushels Milwaukee, No. 2 Spring, Ly bushel. Corn strong ; sales of 15,000 bushels ie. ‘Oats quict ; sales of 1,500 bushels No. 3 Miet; Toledo, No. 2, quoted at Bariae.” Rye 8 9c.’ Weatern, Bic. a We . Barley malt guict 4 20; Canad Oawwaco, Doo. 16, 1372, icpansed. ype buoyant - ere = io. 2 Spring, $I It yahuary; res ted, ‘orn stead JUN . OLi¢e. a GLC. Pork in fair domand and ig 11 73 cash December or January. Lard in fair demand and firm. Bulk meats steady ; sales of shoulders twenty days in salt, 3c. ; grecn hams firm, al Ge. a oF IB Tost, frie AS, Wi is a wheat, t B00. 5 Heceipts—H000 bbls, flour, 69,000 bushels do atiey sig osm, RR do, oats, 00 R00 Bi pias ; . Shipments— ur, 25,000" bus wheat, 6030 do, corn, 2000 do, barley. ita EUROPEAN MARKETS. Manket.—Lonvon, Dec. 16—5 P. M.— American securities closed wn a.” rie Consols opened at 93 tor money st. yates gr Guerwealy "a, i ten. : Te 9; Lontorties, W854; uo bi av Corton MARKER.—-LivERPoor, Doo. 16-5 M.—The cotton market closed unchanged, — ‘The sales Dec. 16.—Petroleum, of the day have been 15.00 balos including $08) for speculation aud export. The market opened firm. Mid- dling uplands, 104, middling Orioans, 10%4d. Livenroon Buekpiturrs Mankyr,—Livenroot, Deo, 16— ov. M. ‘ho inarkct ts quiet. 01. Puortstions MARKET.—I or, Dee. 16-2 ef, Ma. per tierce for now Ue MESS, RrooL PRropuck Marker.—Liv Dec. 16-5 Refined petroleum, Lg. per gt Spirits tur- . dts. 6d. per owt. N Puonuck ManKet.—Lonvox, Dec. 10.—Tallow, dis. Xd. per owt. Veteo.com MaRrKer.—ANtTWERP, 52f, for Auc pale American, Cit tt OE FINANCIAL, ESTATE FUND OF $155,01 TO LOAN ON NEW York city Property, $75,000 to buy Mortgages, OW) to buy Kirst Sortgages on Brookly gro perty. Ad: dress ATTORNEY, box 319 Post office, Now eke About $15,000 IN PAST DUE COUPONS FROM STATE “Tennessee honds forsale at 80. Address Lo deen dress lock box 608 SUM OF $7,000 WANTED ON MORTGAQE—PROF erty first clas# dwelling, near Prospect Park. Prin eys address W., Brooklyn Post office. PANEING OFFICE OF FISK & Hate New Yor, Dec, 10, 1872, The CHESAPEAKE AND O10 RAILROAD is about completed. a cipals and a Its immediate promise of business is very large; its earnings on the disconnected portions will reach this year nearly $1,000,000, without mineral or through business, from which tts revenues as a com- pleted road will be largely derived, Coal mining, iron furnaces, rolling mills and | anufactorics of all kinds will soon crowd its whole line; while the producing West and manufacturing arocagerly awaiting the opening of this new Trunk Line, which is destined to have so important an influence upon the transportation of their products. "wea The FIRST MORTGAGE SIX PER CENT GOLD BONDS, the total amount of which is only $15,090,000, secured upon a property worth $35,000,009 to $10,000,000, are among the best securities in the market, fully equal In intrinsic value to the Central Pacific Bonds, They are issued in denominations of $100, $500 and $1,000, and at their present market price, 86 and accrued tntorest, are very desirable. The CENTRAL PACIFIC SIX PER CENT GOLD BONDS are too well known to require description or commendation, Their total amount is $25,885,000; they have for a long time ranged tn market price near or being 102 to 10314, with cou- pon on, due January I, of 3 per cent gold, The WESTERN PACIFIC SIX PER CENT GOLD BOND» amount to $2,735,000, This road is now consoli- | | above par, the price to-da: dated with the Contral Pactfc, and the payment of its bonds, principal and interest, is assumed by the latter, Thole market price to-day i cent gold coupon on, due January 1. As they have re- cently been introduced on the Stock Exchango we ex- M1 a 92, also with a3 per pect to.see them rapidly rise in price to the Central Pa- cifles, being substantially the same tn character and value. fice The CHESAPEAKE and ONTO, the CENTRAL and WESTERN PACIFIC BONDS, all of which have been negotiated by us, wo believe to be the best and most de- sirable investment securjties in the market, which in time must become very scar , especially as the governs ne coming year, pay off in ment will probably, during tl gold another large lot of Five-twenties and issue in their place Five Per Cent Bonds. We buy and Sell, ag usual, Government Bonds, receive deposits, on which we allow interest, make collections and conduct a general banking business in. all its FISK & HATCH. branches. ULLOCH & CO., AY COOKE, MCU 41 Lombard street, London. Foreigu Exchai Commercial Credits, Cable Transfers. Circular Letters or travellers all parts of the world JAY COOKE, n fo availablo in co., I street. W YORK STATE SIXES, DUE 1387,—THI8 18 THE only loan of New York Stato made fayable express- ly in Coin, $100,000 for sale in sums to suit, GWINNE & DAY, 16 Wall street, & BAZL LAPSLEY New York, have Stock. ‘Privilege: Gold Privileges ‘ change place, sixty day's, cost $100; 100 shares Ste $1,000 "gold, for $250 currency. | mailed to any address. lyn property; also for ere WARD & WASTED=G00D sicor OR! proverty only, to the amount of $230.00; bonus small; money within one week. SIMON, JR. 99 Naswan street. TAL DIVIDEND. Y CITY INSURANCE COMPANY, Organized 1857. Ofice 33 Grand street. Jersey Crry, Deo. if, 1872. The Boatd of Directors of this Company hasthi iv declared a semi-annual dividend of eight @) per cent, payable on demand, in Th Gold. Company insures principally detached dwelling houses; has no agents outside of the State of New Jersey. ‘Total’ amount of losses sustained since st day of last June, forty-five hundred and.twenty-seven 5€10) dollars. JESSE PAULMIER, Presidcot, Wa, Gamntn, Secretary. 500 SANT WANTED.—SECURITY, undivided interest in city real estate wort! $3.500 tutnproved pray which i without encumbran D.W. H., box 197 Herald offi S4 00 ani Rae iy FIRST MORTGAGE ox . Improved ci propert Will pot i} brokers. Apply (GEORGE B. WALTON 31 Poskrow, after HM, van —————- La WANTED—O8 5 IMPROVED BI<OOKLYN 65.000 Poperte, worn sino, $6.00 NUS erat omen * smAil bonus leralit o! ‘0 ty at Norwalk, Con Douus given. Addr $10. 00 TO LOAN ON Lhd (S4A83 CITY J.P. SOLOMON, Attorney-at Law, “A? Broadway. "i , $10,00) TO, T/0AN- ON $40.000 te In this city, These lire same tee @ term of years without bouus, JOHN F, CO a , $100. 000 TO BUY FIRSTY OR GOOD SECOND Tho trieiat gor apes Wyse water Meee rly, i L. GoinzbRa 200" Broadye: er tae age $300,000 Bakes aren at “yy Real Estate for term of ears " 1 BW dots sums; 0 Coonus required, ILLES, Mont quk Insurance Co., 163 Broadway. WE U “DERSIGNED, Wusines, ‘ag members of the Orms of Sha Bros., and Meta, Nathan & Co, have formed a co} Ship under the ‘erm name of Shackman, Nath, for the manutacture, purchase and sale of Youths’, Boys’ and Chvadren's Clotting, at 23 White street, New York, S810 bales, Gxporty—To' Great Britain, 1012; Coastwise, 4007, Salos, 3,20 “tock, 7,551. nanueston, Dec. 14, 1872 Gotten seconger for fine qualities; middlings, 18%. a Ue it, v le 187% Dated New Vout. Nov. 24157 144 4G atACKMAN, SINAL NATHAN, WAYLD SHAOKMAN ON NEW YORK AND | GAMBLING IN CUEA, —— Tho Havana Lotterics Investigated Sy the Herald=How the Spanish Aathort- es Oarry Gat the Institaution—No Direct Agents Authorized tu Any Coun- try Outside the Spanish Domeins. On recetpt of tho following communication fromm A Victim” in regard 6o the Havana Lottery ia- structions were forwarded tv the Hcratp Bareaw in Cuba to make a fee and impartial investigation of the subject, Below We give the resull of thie investigation which will be of intereat to the thoa -rous of understanding the modus ope ~ wit OF the institution, “Victim's” Comptatnt, AmsrenDam, N. ¥., Nov, 16, 1872, To Tae Eprror or tae Wena Draw Sik—About two years ago I saw a notice in your paper of Taylor & Co., agentsof the Havana Lottery, and I commenced buying tiekets of theme through a iriend, but, of course, never drew any- thing, So about six mouths ago lL wrote to Havane and learned that the Havana Lottery had ne agent outside of the Spanish domain, nor could they, under their charter, ‘There are thousands of bn Ga like myself that have been led inte thing through the advertisment in your pape! and Thope, for the beneflt of all conntry “greea- Tee on ne ree Prteg this inatter, and JA hot allow your for the above purposes, Yours, aoe hk \ iN Investigations by 2 Herald Correspond= t—The Lottery Has No Direct Agents Any Ceuntry. TIAVANA, Dec. 7, 1872. Yours of the 25th ultimo, requesting me to make inquirles in regard to the Havana Lottery having agents outside of Spanish domain, was duly re- ceived, Limmedtately called upon Sefor Gasset; tho administrator of the’ Royat Havana Lottery, and this geutieman informed me that the institu- tion had no direct authorized agents in foreign countries, as the laws of mauy governments pru- hivit them and that many States of the United States forbid lottery gambling; that for such rea- sons and laws of their own if mast be clearly wa derstood that the Havana Lottery is a governmené avatr—they have no authority to appoint agents; that, however, they have them in this city, whe have the privilege of exporting tickets ; such agents obtain @ spectal i nse and are called “Ageutes de Kaportacton.” ‘These have their sub-agents im other countries, principally in the United States and Mexico, ‘That, furthermore, specniators and others remit tickets to their correspondents tr foreign countries, and that an immense number—over six — thousand, Mr, Gasset Slated—of gennine tickets are sold outside the Spanish domain (meaning Cuba), as very few go to Spain, and are mostly sold in the United States and Mexico. In addition, jor Gasset very kindly informed me that counterfeit lottery tickets had bee: of throwing discredit on the institutiot attributes to the Cuban Laborante: tances the numbers of the tic! wero left blank until the list arrived in New York and were then fliled with the number drawing the capttal or other prizes and etYorts made to nego- tiate them. Nevertheless the swindle had im every instance been detecteu, as the genuine tickets have namerous private m 3 aud Counter: signs dtiticuit to Know and, therefore, impossibia to imitate, as these marks, &c., are changed every drawing. It may be interesting to you to know that twenty drawings take place yearly of 27,000 Lickets at $0 cach, and two extraordinary drawings of tickets at $40 each, thus giving an imm revenue to the government. The tickets are tailed to the public by ticket venders, store- keepers, &c,, ab an advance of from six to Oiteca per cent, = THE UNDERGROUND RAILROAD. Dental of the Reports of its Abaadon- ment=What the Commodore Says— Operations Only Temporarily Suse pended, The rumors that have been lately circulated ia certain quarters to the effect that Commodore Vanderbilt had abandoned his project of giving the people of Gotham an underground system of rapid transit receive at the headquarters of the Central Railroad an AN AUTHORITATIVE AND SPECIFIC DENIAL, There are various alleged possible grounds for the report. The Commodore, for example, once recently asked a certain popular engineer what would be the cost of constructing an elevated rail road; and again, it {s quite certain that after three weeks of steady operation progress on the worka at Fifty-second street has been temporarily aban- doned., The reason for this cessation of toil ts, however, according to the statements of the Com- modore’s employés, very simple. After carefut canvassing of the various plans of carrying out the projected scheme, it has been judged best to have all the work done by contract, and an intermission has cousequently been ordered to aliow of pro- posals for the doing of the work being received and considered, As to the expediency and leas+ ibility and conclusive superiority of the under. ground plan, the Commodore entertains no doubt whatever, and ayows his determination to “CARRY THR THING THROUGH,” That the other plan is cheaper, 80 faras the first rned, 19 €01 led as both “postibie and probable,” but the -‘first ouflay” is by ng means the most important clement In the satis(ac- tory solution of the problem of rapid transit. New York can raise all the capital that could possibly be required, even were it tants, times the pro- posed sum, if convincing proof Can be-given of tha permepecny lucrative character of the undertak- ing as an Investment. It may, therefore, be re- garded as proven that-up to the present writing the original scheme, for which the Commodore has ob- tained a charter from the Legislature, will ve duly carried out in due time. AS soon as the proposals for the various portions of the work have been cares. fully weighed and decisively considered operation will be at once renewed, and within the lifetine ot the present generation the road will be compiete: and in ranning order, transporting datly the toit- ing multitudes, the scene of whose labor is at tha lower end of the citv, to the cheap rents and abun, dant space ofthe upper end of the island and of Westchester county. ACTUAL WORK IN PROGRESS. For some wecks past the work of taying new sleepers for the temporary accommodation of trains going north over the Fourtu avenue hat been going on. On Saturday night this work waa completed, and early on Sunday morning the work of removing the tracks from the centre of the ave- nue to the new base on the east side was begun. By four o'clock in the atteraoon the tracks had beew removed and relaid from 17th street to Martem River, and the work of excavating wilt be com- menced immediately. REAL ESTATE MATTERS, eect Only Two Leget Sales Yesterday—A, Contempiated Mammoth Hotel Near the Grand Union Depot—Priv Sales of Property—“Dundreary” Makes, an Lavestmena in West End Lots. Only tyro of the advertised legal saies came off at, ‘the Real Estate Exchange yes! ay, being one by .E. H. Ludlow & Co., of a turce story brown stone ouge, ‘No, 161 Kast Forty-niuth street, 269 feet west f Third avenue, lot 13.6x100.5, to Mrs, Mafy Carroll, the plaintim, for $15,700 [this sale W's made reaily for the purpose of perfecting the tie], and asale by W. Kennelly of the undivided ‘pall interest in the five story brick house (factory> pt plot of ground, Nos. 4 and 6 Marton street, 122.6 feet east Of Spring street; size of plot, avoue 530% ogniar, Lo Jolin Hastings for $19,000. The attendance at the ange Was not 8 usual, neither was there any enthus layed. Considerable interest was being ested by the real estate interest in the projected mani- a over $30,000; interest at rate of 12 per cout per annum will! erection of a first rate second Class hotel fa the Ge'pald quarterly. Addross W. La, box 108 Herald omces} vicinity of tbe Graud Union depot, on a plot of ORME -~* f ‘ound cove over ten iuli lots, and ‘costin WANTED—ON & VALUABLE PrecE OP/| Stary over 4 “4 Mearly one million dollars, Plans of this contem- Plated structure were exhibited, and Lt Was pro~ posed to organize a stock company at once tocarry Out the enterprise. The effect such an andertaking Amust have on V3 ely fl in the vicinity of the depog cannot ve other than fickal: besides, there ara very few plots of “ten lots and over’ not Suit upon ta this particular locality. ; A few private sales were made yesterday at fate P rice hy V. K, Stevenson & Son, the font story high stoop brown stone dwelling ho! and lot, 5x00x100 feet, Coinmbia College leasehold, grou Tent $900 per annum, the property of Jace Taliman, for $55,000, By Jolin McClave, three lots, 16,8x190 each, an the southeast corner of West End or kleveutt avo. nue and Seventy-third street, lo Mr. B.A. Sothern (Lord Dundreary), for $30,000 cash, for a perma nent investiuent. So much for the spoedy compic- tion of the Riverside Park, towards which tie Court of Appeals has helped so mug DML ge assessinent awarits, and M PIAYS TOHR ndgment by investing bis HS Lb property witely 480 certain to enuance mapilold in Valtte law vecy few yeara, SMALLPOX IN NEWARS There are now in Newark twenty-two caved Of Smallpox, seven Of which fre inthe varivlont lose pita. Two other caseywere reported yesterdays No other contagion, prevails. > estadlisled Sixteen years ayo, treater ¢ hundre ousand Slice tt ehaty’, thinks the sauiiary WAP wever LeLice Hmn Wi % Poe -t Saer ene \