The New York Herald Newspaper, December 28, 1872, Page 6

ie vl Another and Severer “Squeeze” in the Money Market, RELAXATION AT THE CLOSE. The Coincident Causes of the Scarcity of Money. The Snow Blockade and the Detained Mails and Expresses. THE SPECIE EXPORTS TO EUROPE. The Gold Market Higher, with an Eventual Relapse. RISE IN THE CURRENOY SIXES, The Refunding of the National Debt and a Suggestion for Mr. Boutwell and Congress, ANOTHER DULL DAY IN STOCKS The Board to Adjourn Daily at Three o'Olock Until January 2. WALL srReer, } Fnipay, Dec. 27—6 P. M. On ’Change to-day cotton attracted rather more attention, ruling steady for “spot,” bat firmer for “futures.” Flour remained quiet and steady. Corn was also quiet and unchanged, while wheat Was in improved demand and decidedly better. THE DRY GOODS IMPORTS, The total imports of foreign dry goods at this port during the past week were $977,472. The @mount marketed during the same period was $921,805, THE GOVERNMENT GOLD SALE. The advertisement of the Treasury Department to sell & million gold elicited bids for a total of $2,800,000, the prices offered ranging from 111.26 to 312,21, The million was awarded at 112.15 a 112.21, THE FOREIGN MARKET, ‘The curtain was lifted to-day, and revealed the condition of the foreign market. The quotations of United States bonds are steady and almost pre- cisely as they were before the holidays. In consols There is a wider difference in trai tions for money and those for the account, quotations in the former case being *{ lower, indicating a firmer money market; explained in the fact, possibiy, that next Monday ts SETTLING DAY atthe London Stock Exchange—an occasion tne ‘approach of which is attended by more or less activ- ity in money. Erles opened at 49%, but fell off \ to 49 on reported fatlures among speculators, but Fallied to 494 at the close. The Bank of England Girectors made no alteration in the dtscount rate, French rentes came steady at 63.50, the Bank of France showing a trivial decrease in its bullion @ccount, viz., 50,000 franca. The signs ali indicate that the foreign stock markets are as dull as our own. MONEY IS STRINGENT AND IRREGULAR, The money market was again quite stringent, the scarcity being felt more keenly on account of the delay in the arrival of remittances from the interior, occasioned by the snow blockade, It is just the season when heavy shipments of currency @re made to New York, in the natural eurrent of she domestic exchanges, not to speak of the con- signments of money to this centre to pay the nu- merous January coupon and interest dividends of the various railway and other corporations and enterprises making New York the headquarters of their financial business, All these thousands of money packages and drafts are belated and de- | tained in THE SNOW-BOUND MAILS and express pouches througnout the country, and their absence is peculiarly aggravating at this time, because the banks expect a call at any mo- g@ient from the Comptroller of the Currency, and they are naturally anxious to be in the best trim Ppossivle against a demand for a statement of their condition. It is also the season when contraction is the rule in the process of settling up accounts for the year. As & consequence of these several influences the pinch im Wall street was of a most incisive charac- ter, the rate on call, which opened at 4 per cent, running as high as % per cent in addition to7 per vent. The fear of tight money had stimulated early borrowing, so that after the climax had been feached, at a quarter before three o'clock, there was A SUDDEN RELAXATION Gown to 7 per cent coin before a quarter past three o'clock, part of which is referribie to the disburse- ‘ment by the Treasury of currency in payment for bonds bought yesterday, while some of it was also due to overborrowing on the part of brokers who bad provided themselves too liberally in the earlier part of the day. Commercial paper was still dull and nominal at the quotation 10 a 12 per cent dis- count for prime names. Foreign Exchange wi steady and firm on the basis of 100% a 100% for | prime bankers’ sixty day sterling and 110% for sight bills. GOLD UNSETTLED—112! A 112% a 112, The gold market was alternately weak and strong. The opening price was 1125, from which there was an advance to 112%, om the engagement of as much as $900,000, gold, for export to Europe to-morrow. With the subsequent expensiveness of carrying gold and the withdrawal of a portion of the gold put up for shipment, the market de- clined to 112, The Sub-Treasury paid out $4,000 on account of redeemed five-twenties, $724,000 on ac- count of coin interest, and $128,000 on account of eurrency interest. The course of the market is shown in the tat ie: — 1124 1 1:37 P. M. aP.M 3P.M 112% 3:30 P.M 12g 4P.M.. . loan market the rates ranged from 4 percent per annum to ‘4 per cent per diem tor earrying. The operations of the Gold Exchange Bank were as follows i— Gold cleared $7,010,000 Gold balancé 1,654,927 Currency balance 1,908,012 THE RAILROAD BONDS. ‘Tue railroad bonds were dull, in sympathy with the general tone of matters at the Stock Exchange. Me following were the bids at tne call:— Rew York Cen 6's, 1883. 92% Chic & N W int bds..... 04 Dew York Cen 6" Chic & NW con bas. New York Chic & NWI. New York C en € Han & Stor con Tol & W latin, 8 Tol & Wab 24 in. Gt Wem tetm, 1 Gt West 2d Chie, iy lf Morris & Ei 1 » oS 3 iy id oe Cley & To! Wag cry Hey, Easnenviea A 10.199 00 ay lev. Pa&aA Ohio z Siaaioet con, * Ohlo & 9 2d a. Popluse” 4 ow Bt Louis & Troi n 96, Mia bt Poult ‘98s Mié 4 t ear ie Mess, Mil Ab) lowa div 89 MILA Bt Paul’ dim. .... 34 Joliet. & Chile Ist_m. 103 Col. Chic & Ind C istm, 88 Vee Tul @ W, Burl'y diy, 8 NEW YORK HERALD, SATURDAY, DECEMBER 28, 1872—WITH SUPPLEMENT: Boat, H & E ist m, '7s.. 4234 Boston, Hart & Entd.. 18% Cedar'¥ a Mion Ista. &2 SOUTHERN SECURITIES QUIET, The Southern State bonds were quiet and dull, ‘with, for what litte was doing, an irregular move- ment in prices. The Tennessees were pressed for sale at a further decline and Virginia consols were weak. The new South Carolina July bonds fell off to 23 and continued to be offered at that price dur- ing the last Board. The Missouri sixes were firmer and North Carolina Railroad sixes sold at 60, Funded sixes-of Arkansas gold at 43, The follow- ing were the CLOSING PRICES. Tennessee ex-coupon, 78% @ 794; 40., new, 78% a 70%; Virginia ex-coupon, 45 @ 50; do., registered stock, old, 87 a 42; do. sixes, Consolidated bonds, 553% & 564¢; do, sixes, deferred scrip, 154 a 16; Georgia sixes, 79 a 80; do. sevens, 87 a 90; North Carolina ex-coupon, 33 a 35; do. to North Carolina Railroad, 59462; do., funding, 1866, 25a 28; do, do., 1868, 24 & 28; do, mew, 19 a 20%; do., special tax, 18 @ 14; Missouri sixes, 9 @ 954; Tlannibal and St. Joseph, 92 a@ 93; Louisiana sixes, 50 # 56; do, new, 50 @ 55; do. levee sixes, 60 a 605 do. do, eights, 65 @ 70; do. do, do., 1875, 65 & 70; Alabama fives, 66 @ 60; do. eights, 80 a 84; South Carolina sixes, 50 a 56; do new, Janu- ary and July, 223s a 28; do. do., April and October, 25 a 2536; Arkansas sixes, funded, 40 a 45, GOVERNMENTS STRONG, The strength of the government bond market was a surprising contrast to the condition of the money market and reveals the inherent firmness of these securities, It is quite probable, of course, that a good deal of the buying just now is for cor- porations and capitalists who wish to avoid State and local taxation in the year 1873 by converting their money into governments, which will enable them to make aMdavit that on the 3ist of Decem- ber, 1872, their wealth consisted of these non-tax- able securities; bat there is also a quiet absorp- tion of them for investment, particularly the issues not subject to early redemption. Thus the cur- rency sixes were in steady demand and rose to 11244, exclusive of the January interest, at which rate they pay less than 5 per cent interest, the SECRET OF THEIR POPULARITY being their duration ag an investment, the gov- ernment having no power to redeem them under about twenty-five years, We wish the members of Congress would remember this little fact and in- struct Mr. Boutwell as to the proper way of re- funding the devt, The following were the closing quotations :—United States currency sixes, 1134; a 11834; do. do., 1881, registered, 114% a 11434; do. do., coupon, 117% a 118; do, five-twenties, regis- tered, May and November, 112% a 113; do. do., 1862, coupon, do., 112% a 113; do. do., 1864, do. do., 112% @ 113; do. do., 1865, do. do., 112% a 11334; do. do., 1867, registered, January and July, 113 a 113%; do. do., 1865, coupon, do., 116 a 11634 ; do, do., 1867, do. do., 117 @ 11745; do. do., 1868, do, do., 117 a 11734; do. ten-forties, registered, 109% a 110; do. do., coupon, 109% a@ 110; do. fives of 1881, regis- tered, 111% a 112g; do, do., coupon, 111% a 112%. DIVIDENDS, COUPONS, 40. The coupons of the first mortgage bonds of the Union Pacific Railroad will be paid in gold on and after January 2 at the company’s office, in Boston, and at the banking house of Morton, Bliss & Uo,, in New York. The interest maturing January 1, 1373, on the coupon bonds of the Norfolk and Peteraburg, Southside and Virginia and Tennessee Railroads, payable at New York, will be paid (less the State of Virginia tax) at the banking house of Messrs. Duncan, Sherman & Co., New York. STOOKS DULL AND IRREGULAR, The stock market was dull, withan irregular movement in prices and an absence of speculative animation. The clique houses, as far as can be traced, are free sellers of some lines and heavy buyers of others. Some of the stringency in money has been attributed to the locking up of currency by clique operators, who anticipate arising market with “the January thaw” in the money market, thir efforts in this direction being guided by @ policy of buying on time at an ad- vance of 4 a1 per cent upon current quotations, the use of the money in the meantime being valu- able to them for its depressing power upon the market and {ts help in enabling them to make an extensive series of TIMB CONTRACTS, The stock sales, it will be noticed, show an un- usually large proportion of these time transactions, New York Central being taken readily at 100 on buyers’ options of ten days, The more erratic feature to-day was Pacific Mail, which fuctuated between 73 and 74. The gradual appearance of the conservative elements of the speculative class of dealers was illustrated in the further rise in Con- tral to 993g and a quick rise in Northwestern pre- ferred to 88 An advance to 3874 in ©, ©. & I. C., despite large sales by the Penn- sylvania Central party, is attributed to a buying movement in anticipation of its connection with the nearly completed Chesapeake and Ohio Rail- road, with which it will form almost one-half of a new trunk line between Chicago and the Atlantic seaboard. Erie was quietly strong and advanced to 61, Ohios were rigidly steady. The rest of THE LI8T SUCCUMBED to the pressure of the money market and decfined about 3, per cent, Dut was not allowed an oppor- tunity of experiencing the effect of the relaxation im money subsequent to three o’clock, as the Board adjourned at that hour out of deference to the current dulness of the market. The Board will adjourn at the same hour every day during the remainder of holiday week, such being the fruit of a persistent effort to have the governors grant “the boys” @ double holiday at New Year's, for which an heur a day until January 2 has been con- sidered an ample equivalent. HIGHEST AND LOWEST PRICES, The following table shows the highest and lowest prices of the principal stocks during the day :— Highest, 9954 New York Central. Erie...... Lake Shore. Wabash... TAs | Northwestern Slby Northwestern preferred. Rock Islamd.......+..e0e St. Paul...... St. Pau preferred, Ohio and | oad Union Pactie. C., C, and I. Western Union Tei Pacitic Mail In Philadelphia Reading was lower and steady atl SALES AT THE NEW YORK STOCK EXCHANGE, Friday, Dec. 27—10115 A. M. £5000 US O's, "1, c....6 117% $50000 US 6's, 10-40, ¢... 109% 400) Us 5-20, c, "65, D.. no " % 10 A. M.—Before Call. 500 shs West Un Tel..¢ 100 shs Pac MSS Co om -biU WJ O....+6 2 do. 1000 NY © 900 wo 6 100. 1900 2100 600 do $00 Chic & 900 Erle RE. for, Waew er 400 Pac MSS Co. First Board—10:30 A. M. $1008 CO's, nA &O.. 2615 Low Ben 6's. 9 10000, 56 ZOO ATK Os fund wets 43 stn Alb & Sus 2d m... Pae Mail 85 Co, adhe Fos Mai Co. 400 Ohio & M RR..be.e do. SSSESSSSESSSESESES: do. 12:15 and 2:15 P. eit U 8 B's, 10-40, mee fino ds Pig 0-40, © ‘hee 5000 us’ os 's, Cur. eee MTG 1ax30 P. M.—Before Call. £00 shs Pac M S8Co,., 73 4 OOshsMil 4 St P RR. 5434 100 do. 300 do. ot E558 sgseecses=euse Second Beard—1 P. M. 2u0Y Mich Hts bs, suo BH & brie Ist.- 10w Chi&R1 & Pac T's, 104 ‘Sow Un Puc i's, ig be 0 Wer ae Tel 8) 300 © 87! 207, nee RR..doe oo 10) Onto < ji Ri Be.c Pc Ww do, a we, Cats be se 2:30 to 3 P. M. . 59 100 shs Ee 4 oy iS SRR, 95% 10 & R tg » 3m SU Pace, 100 rie it 2100 do do. {sun onig Miss RI S400 dd 800 C &N Wp lw i « StJo JKR. WLS & Ms 500 St Paul pi Wabash Northwest ‘2 COMMERCIAL REPORT. Cotton Steady for “Spot” and Firmer for “Future;” Receipts at the Ports, 18,154 Bales—Flour Quict—Wheat More Active and Dearer—Corn Steady—Oats Firmer—Prov: ns Quiet—Groceries Quict—East ia Goods Dull—Whis- key Irregular—Petroleum Nominal—Na- val Stores Easier—Wool Very Quiet. Fripay, Dec. 27—6 P. M. The trade mcvement continued very sluggish as @ general thing; but there were, perhaps, more exceptions to the rule than there have recently been. Business men generally find employment in casting up their accounts and striking their bal- ances for the year, however, so that time does not hang very heavily on their hands, notwithstand- ing the extreme dulness in the mercantile marts, The cotton market was extremely quiet, and lots on the spot were nearly nominal. At the Pro- duce Exchange the only exception to the general Tule of dulness was to be found in tho market for wheat, which received a iresh impetus and ruled decidedly firmer under a good demand tor ex- port—the break in steamer freights having ena- bled shippers to pay the prices demanded during the past day or two, and which showed an advance of about lc. @ 2c, per bushel, Corn was in fair request at steady prices. Oats were firm. Whia- key was lower. The movement in provisions was sluggish in the extreme, while prices were to a great extent nominal. Freight room was still scarce, but grain was wanted, and was accord- ingly takon at lower rates. Groceries continued dull, but steady as to value, Petroleum remained entirely nominal Naval stores were quict and casier. Metuls were generally quiet and steady. East India goods were dull. Wool was extremely dull, but firmly held. Asuxs.—Receipts for the past three days, 18 package, The market has been quiet and steady for pots, but nominal for pearls. We quote :—Pots, $8 50, Butpine Margntats.—There has been little or node- mand for brick since our lastreport, and’ prices remained nominally the same. Lime bas likewise been quiet and unchanged, quoted at $150 for Rockland common, and $175 tor do. lump. Cement was nominal, at about $1 60 per bbl. for Rosendale, Laths were quivt and steady at $2 60 for Eastern spruce. Canpies.—The market was dull for all kinda, quoted at Sic, @ Se. for sperm, é2c, a 43c. for patent do., 80c. a Sle. for stearic, 28. a 290, for paraiiine, and 2c. for adainantine, Correx.—There was no business reported to-day from but the jobbing demand continued good, and + throughout was firm for all descriptions, We pend current ae as Lolo: aye! cargoes, lege a8 al as Re curgoe: 08 io. & 15340, Save loresument sige ‘ gerasg mats), ey Sn. Ceylon, ety 1c. Ls Doiningo, as gold, 60 to Corton on the spot ruled more active, and prices were about steady. “Future deliveries, wnder a get demand and moderate offe per Ib. higher. The B cembe! at 19 5-16c. Ty 200 at 19 7-16c.; March, 300 at “tose, i ‘anni ib aca ih: May, 200 at R40, Total, 1,100 bal o'clock eet ‘oo a 18 "7 ee on PB; = Haat 9 7. i ge Ay Februar eral total, 11,100 Suin up as Matlows —aalyerty Mobile, 1,409; Savannah he: Norfolk Wl; 4 B'1s4,* Rita Gay inst week, S0 719, nis day’ 1,667. Rates on cotton to foreign ports corn following figures:—To Havre, by steam, il, Ic, compressed. | To Hambisrg. by is mington, Total [ara red” To Uremen, by steam, 1 aig Live steam. 5 a le Har eds sede, last half of January, ‘regular’ boats, To Liverpool, Vid. less for immediate shipment. We rene Upland. Alubana. Now Orleans, Terns Ordinar: He 796 Re 9% 2 ‘4 x @ biased on cotton in store, "tuaning han half a grade above or below the nti “AND GRAIN.=Tho receipts were Incomplete, ow: to the storm. The flour market was steady,’ but Only @ small business was done, and tho ‘sales on the basis of the appended quotations, footing up 7,300 bbls, including all kinds. Corn meal re- Won but there Was no perceptible change Ss te au et. 5734 625 70 1s 73 775 57! 625 65a 70 7Ha 900 Round hoop Oh: 68a 700 Round hoop Ohio, tr 7254 800 $00 a 10.0 70 800 Be Lous stratgh 8008 875 St. Louls choice double ex 900 a 10.00 Louts enoice fainily. ee Hiormia..... Ba Bo 4008 500 + 42a 65 5a 625 7258 875 9) a 1800 eel a $1 andi cea 8 9 $1 67 ‘or Nes Ra bushi ce ind No. 3 8pr fo. 2 se oa to tor No. 2 Mi ly, with yat 90,000 puaivels at aoa tor oa dice 8 Gc. tor new do. alloat, cl Oats ie fair demas na. hie eles frlor do. 8c for black We, @ Sige. for Western the atthe nenerernens, ‘Bar- y aud fe yl ‘and. Matirely nonat nal in the i Feeicuts.—The market for berth freiehts continued very quiet, aud tates, it oa tavored the ah ahipper, partic for accommodation or Fain. Vessels tor charter were in some req out to mueh Wate hour we anderstaud that several losed. 4 stern, ($0,000 bush rain ee ate and losin, bushels oe ek tal. rd of si bark, hgh to eee. Seusreleaega. ata iti mums a Dante brig, he Guniaia—The market Hur been very quiet since. ou ta i last, nothing imp folders having tr however, OE toons consider me “aranest, and tail rices are current, nnestic cloth, for prompt tiellvers aa isice, a Lge. 108 MP AND <o has been no trade of conse- quence in hemp, the market Temaining “aut and more Ca Jess more L all descriptions, Manila nancies ati gold, Jute Reglected. but nominally ‘at @ Se. ray! Jute Betts were ot dealt ig Moat any ex- tone Pad re firmly held at dice ay cu re hag Titte trade i RAW. — cn ve cither hay or straw sines our last, mainly on aecount of co, However, were’ not mas teriaay’ ‘changed angede Wi We. ry :—Shipping. 5 ri Hea ‘ha; a $1.20 3 Fela a quaiities, * 3 $1 75; long tye straw, wf 25 ; short Fr, fe 40. 05 a $1 10; wheat, $1 a's 05, and oat, Sc. a “Hops.-—The s araveie are light, and the market for the ee three on has been quiet, without, however, ex. ‘any weakness, Wo :—Domesti dic. a Shoes Toreigns including i kinds He aa! e1.—There has been nothing clog to-tny of any spectal moment, the general market remaining dull and inal. We qi Oia Crop, New Crop. Cuba, stn and mixed...... Ie. a Iie Cuba, claye Cul bt huscovade, refining Pane ab Musco' if Edilah tata New Orlean: Sie. Bie. Navat Stor 6 market for spirits of turpentine Tras, dull and ‘easier, cloning at so}<e, without Duyers at those Grice Gales were mado during Chinge at gic, Rosin was also duiland easier. “At the Close, strained was offered, at $3 70 al $4 25a $4 3136. Tar was en- tirely nominal, but could have been liad at easier prices: O1is.—There has been-very uae soln ha oil ot any de- scription during the ree Gofal but prices showed no Toaterial change. quote :~Linseed, 9c. in casks and Sic. in bbis; crude, sperm,’ $1 55; natural Winter, sh leached do., $1 75; ‘crude whale, 70c. tor Northern, 63c. a 65c. for Southern, Ze. tor natural Winter and 75e. for bleached do.; lard oll, 72c. for prime Winter und bse, ye No.1; menhi len, 85. a 56c. for selected ght and fui 4 Soc, tur choice brown, crude cotion seed, 4c. & i; neatsfoot Inbricating, $1 "Wa 81 40. at, —We Hothing new to notice in the condition of ihe market for reawedsta fact, all descrip- tions were dull and nominally unchanged, and are likely to remain 80, at least until after New ear. Re- fued was held at'z73c. for cargoes. Crude, uti, quoted at 11%c. for prompt delivery, cases at Son PUR sXe. for Western or cit) Att 16 and naphtha at 16iec. a Crock the market remained dull and was agalf lower: quoted at $296 a $3 on the upper, a lower road, and $8 at Oil City. ‘the Phi actelpiia harkee was entirely nominal. Refined held, as formerly, at 27¢. for cargoes, Later a sale was reported in New. York of 1.000 Ubis of crude, in bulk, tor January and February dgivery, at 1 Phovisions--Recelpte—Pork, 528 bla; cut meats, 990 packages; lard, 30) bbls, and tlerces, For mess pork’ the mnarket continued dull and, in the absence of reported sales, was entively nominal; quoted for December at $13 5), and for January and February at $13 Bacon was neglected, except for short clear, which Evan ponent alter considerably to fill contracts; ‘sales, 175 boxes at Tgc., cash; prices remained nominally the same. reted hogs were steady under light recelpts and a mod- erately fair demand; city quoted a for heavy to. light and 60. for Die sae Yemained an- fictive but nominally unchange a _Jgvding way about 45. puck: at prices within 10 a $2 for new plain mess, $13a for p21 tor prime mess tlerces Ead'§ mess bbls, $23.50 5 $25 for Inlaia mess tlerces. Beet hams were dull and Cut Being continued ‘steady at from 10. for smoked for do. shoulders, "9c. @. 10sz0. for or do, shoulders, 7340.8 e. ior do, ge. for fresh haus, We have only to note a sale of 300 boxes shoulders at 4%0, Fard-—the ‘or lots market for Western continued quiet, particular t ot; prices ware weak, but not quotab! ply lower; 7 UI; for prime, Be. for ket: ‘el rr ind 7§,0. for No. aso 1,000 tierces f¢ at ity lard remaine cot ‘but about steady ae c.f 8c, sales 50 tierces at eed ee ‘SucaR.—The market for raw continued mactive and ee ged. No sdles of moment were ae fined was likewise Are kd at previous fet 9 Kenning, in c Sera Occ; gfigod to prime, de. & foot os be ne to choice, d haxe Tigo. be.j maslRde, tier c. melado, 4c Dutch standard, Nos. {to eh é eration d ig de a t rime: so na one asian Nos. 10 to, io. Manilatboperee and extra superior, 7\c. Rice.—The market Lier continued quiet, owing to the disieulty of ot i rtation. Prices notwithstanding were ‘egate only about 125 tierces and jor Carolina and 6c. a 7igc. tor Ran- Sjeeps.—The market for linseed has been agit since our last, but still maintained its firm iene. “Bal reported of 2,000 bags at $2 5244, gold, % days. Clover wi + in limited demand and steady. The sales (pot up about ib bags acoie. a y¥se, Timothy continued inactive and nomit shout $f 25.0 $3 50 per Tanow.—Market quiet, but about stsady, We have owe to note asale of hhds. of city at 835¢ ote the market has teen unusually quiet for the lays-in fact, there hag scarcely anything been |, and certainly nothing of importance. descriptions remained nominally the same, ud will, in all probability, until ater New Year: when! it dealers’ antleipations are realized, there will be con: siderable Le td consunynated. cipts, 29 bbls. he market was irregular and still uns , 200 bo ed. ec. & STe., closing wich sellers asking ti DOMESTIC MA MARKETS, ~~ GavEsron, Dec. 27, ee common ‘ie bushel. a “om plish Cotton firm; ordinary, 1634c.; good ordina: 150. Net receipts 1,012 bales. Exports coastwise, 7S a ae: Sales, 2,000, "Stock, 66,440. Weekly—Net receipts, 7,023 bales. Exports—To Great Britain, 12814 bates; to ths Continent, 1 300; coastwise, 1,311. Sales, 5,700, New Onueans, Dec. 27, 1872, Cotton in, good demand; good ordinary, 1aige.; low middlings, 18¥4c_a, Ive. 5 my middlings, lYixc. yc e4 rece ts, 5,329 bale: O83, ashe coustwise, 1,310, Sales fo-tay, 20005 lastevening, 6A. Stock 167,160. Weekly— BL S19; gross,’ 36,755, _ Exports—To Great Britain, hay; to the Continent, a ‘Coastwise, 6,757. Sales, 25, 1872, Cotton firm ; good ordinary, 18c. ; ‘ove radia 18/60. ¢ ; middiings, Wise. Net receipts, 1,409 bale ‘Expo coast wise, bales, | Sal Weekly “Ket receipts, 208 helen. Bs rt Britain, 4,280 bales; coastwise, 9,659, 8,000. pay Bavaxxan, J ec. 27, 1s. ‘otton firm; searce; ordina: “‘ ood ordinary, fe ; Sewn Iniddlings, 18s ada gc. Net receipts, 7,168 bale: orts—lo fo the, Con tinent, 2,775; onattig, 419. ates, ue Stock, 9411. Weeuly“Net receip Exporis—To Great Britain, Yo the Conkucnt 2175; coastwise, 1,038 ‘Bales nm” a Cxaemon Dec. 27, 1872. Net Focelpt Cotton firm; middlings, 1 1,331 bales, Exports coastw Stock, 40,78. Weekly—Net’ xporte—I'o Great Britain, 7,7! 2,707; coastwise, 6,218, Sales, 3,000. 208 is les, receipts, “15908, i bales. spelen; fo the Continent, Spirits t tine quot ‘"uuaeron, De ime Bi s turpentine quoted at Sie. Rosin auie og stramed.. rude turpentine steady at oe for hard, tor yellow dip ‘and jin, Tar dull at a Oswrco, N. ¥., Flour dull and unchanged ; sales of 800 ore rater for Winter, $10 for Shite Win- Wheat ao but dull; No. ie No 1 Spring, $9 25 for am at Sc. War" 4 rand $10 6 for double extr: ‘Milwaukee clab held at $1 65. Corn qi toy dull; sales of 1,000 bushels prime Corn meal sold at $1 35 for bolt Millfeed unchanged shipstat nd $23 for middlit frelghts—Flour, to Philadel hia, New York, 620: to Al Dany, & Lake imports—Flour, an bbiei a corn, 12) 74,000 ao. Rail 3,20 Dulshels corn, 1290) do, ; 08 ring, sie RPE 48,00 atl of Milwaukee Bakces, Sr aker: '$9 50, Wheai quiet; amber, "Barley firm and Improving; Ca ‘a We.; Western No. dat ; State, two- rowed, at 8c. ; four-rowed do., 9c. it quiet; fr aR? Winter Western, $1 a $1 20: a's 61%.” Balance of the’ market uu: Carcaco, aad 27, 1872, ufet and unchanged. Wheat buo; Flour gettled, closing firm; No, sepring somins| aioe of 1 1944, seller January Tejected qiet, 9c. offered, Py Spring at z 2 mixed 4) sbOK Coin stent Ly ‘duth, an a age. for rejected, Rye Ara an iots ie ee aot sold nt BO} Tota. atte steady at for No. visions quiet and inchanged. Pork dull at seller Ji Lard “seaty ot Zen seller Green — haurs—Demand il pri ther meats nominal. ik’ quiet Rod unchanged; sales of shoulders, packed, rapotyor seller December or January, 34°. ; short Fib middles, 8) 1b. avera, es Sikes; dressed tn in fair demand and higher, at 414 re n fulr de. mand and Ludvanced: “offer cetpts—7, ie ee bbls. flour, 34,0 fhenis—3,009 datiels whe 10,000 do, oats aud 1000) dev barley. COTTON RECEIPTS, The followin, iit the total net receipts of cotton since September 1, b yeston..-. 270 Baltimore, ae Philadelphia New" Yor prc Boston... I Providen 2714 City Point 170,143 | most favorable terms. a epee sees ri) aes eee ee me re Livin Ooty Dec. it of wheat a thie pews sacs oe io er. ah 18. emp a 1, Dec. 27— Ibs. for new mess. ‘ioree't of Mangne.—AwrwEny, Dee. 27.—Petroleum, American. 1. 220F &. "eek Me Lard Ste. 6d. er c hz gt for fine pale BINANCIAL, A —BANKING HOUSE of JAY COOKE & CO., No, 20 Wall stroct, Deo, 27, 1872. ‘The Northern Pacific Railroad Company now has in full operation, with regular daily irains, $21 miles of road. A Aistance of nearly 200 miles more Ts constrncted. The Minnesota section, immediately on its completion, entered upon @ satisfactory business, including local tram™e and the large carrying trade of the Northwestern British set- tlemente and the Hudson's Bay Company. The recently completed section of sixty-five miles, on the Pacific coast, at once commands a profitable business between Puget Sound and the Columbia River, heretofore done by coast- wise steamers. On the opening of Spring, with more than 500 miles of road in regular operation, the company will control the extensive and productive trade of the Upper Missour!, much of Montana and the Northwest. ‘The earnings of the road for 1873 will be large. Arrangements for pushing construction vigorously the coming year are progressing satisfactorily. Of the nearly ten million acros of Land accruing to the Company in connection with the portion of the road now virtually constructed, some two million acres of excel- lent average quality are in market and thelr sale and set- tlement progressing. The average price thus far realized is $5.66 per acre, which is at tho rate of more than $100,000 per mile of road for the whole grant. ‘The Company has already begun the process of redeem- ing and cancelling its First Mortgage Gold Bonds, as they are now being received at $1 10in payment and exchange for the Company's lands. With these accomplished results and most favorable prospects, the Company is now sclling its First Mortgage 7.80 Bonds for the purpose of completing its line of road. We recommend them as @ well secured and unusually profitable investment. They Have the following elements of strength and safety:—They are the obligation of a | strong corporation; they are a First Mortgage on the Road, its right of way, telegraph lines, Equipments and Franchises, and a first lien on its Net Earnings. In addition to this usually sufficient security, there is pledged for the payment of principal and interest @ Land Grant of 12,800 acres per mile of road through the States and 25,630 through the Territories, The rate of interest (even and three-tenths per cent gold) | is equal now to about BG currency. Gold Checks for the semi-annual interest on the Registered Bonds are mailed to the Post office address of the owner. ies * All marketable securities are received in exchange on For oale by Banks and Bankers generally. ror ‘ JAY COOKE & 00. ace TO LOAN IN eee NEW YORK sani sec county, ay i + also for thie purchage of city frst nd CAWARD @ LEAVITT, 64 Wall street, A'E REASONABLE RATES—MONEY ON LIFE AND fi, Endowment Insurance Policies; also om Bonds und ; Insurances of Con pS a ABRICH & COntI Bronaway. WALL STREET BANKER, LONG ESTABLISHED, ving lost his capital, {s in a position to reatdeal of money for any cue wine vill, femn- Be prariiy*serengenen nit a fow thousand dollars, Address ENTON. box 3,682 Fost office. ULL’S HEAD BANK—FIFTY-SEVENTH DIVI- dend.—New York, Dec. 27, 1372. The usual quarterly dividend of four per cent, free of all taxes. was tiie day declared out of themet earings of te last three months, ° pieatesggbs aoc “OW. WILLETT, Uashter. ’ SAY! is oa C= peat HE CITY OF NEW YORK. ISTS—JANUARY. INTEREST. The twenty-filth semi-annual interest at the rato of six per cent per annum on all sums of $5 and up- wards, which have been on deposit for one or months next previous to January 1, will be credited a1 a paid on und after Tuesday, January 21, All interest not called for will remain as princt- pal, and draw interest accordingly, and will be eneredd on the iofdan ’ books any time when presented aiter rani alist Oi e Hank is open every day for, the reception ayment of money. from on Fee rey oe mone, (rom 10 Ac Mato 7 P.M ie me made on or beiore January 2 will draw the Ist of January. interest Fn i Books in German French and English. vaguhireat corner of Canal x Bank SiBowery, B. A. QUINTARD, President, _Bxrwooe A. Buxcr, Secretary. AUEVENTH WARD, BANK, NEW YORK, DEC. #7, 1872,Dividend,—The directors of this bank have this day declared a semi snnual dividend of three and » halt per cent, free of all tax, payable on and after the 2d, day of January next, ROWN, Cashier. MA aarran i SAVINGS INSTITUTION, 646 BRroapway, Conner BLegcee st., New Yore, Dec. 2, 1372. Forty-fourth Semi-annual Dividend, The tru: uJ she Jostitedion pars declared the forty- fourth semi-annual dividend, he rate of six per cent on all, sums remained on deposit or three of six tnonths pr ha previous i ianuary visT3, pay: tter the ‘01 UAT Uh Gividends not withdrawn will receive Interest the panes BS ONE E. J, BROWN, Preside: Epwarp Scuet, Treasurer. C. F. Atvonp, Secretary. M .CHANICS' AND TRADERS’ SAVINGS INSTITU- No. 288 Bowers Bear Boustoa street. A semptannual dividend of six per cent per annum will be credited January 1 on all sume entitled thereto tor the six months and three months ending December 31, Fay- able on and after January 20, 1873, Interest not withdrawn vill ho credited ats deposit. ad deposited now will draw interest trom Janu- *Bpén gauy, frot 10.4, 3. Ki 3P.M., and on Mondays Wednesdays tron PRED T, CONKLIN, President. _Hewrr ©. Fisner, Beerete ry. EW YORK, DEO. 26, ate, te New ¥ leraid,—The Interost mataring ry 1, 1873, on 1 J 6 Coupon Bonds of the Norfolk, aud Petersburg, Soutuside, and Virginia A Tennessee Rail- road ayable at New Bi be paid (less the State of nia 4 %. the Pann , Any House of Messrs. Duncan, Sharan & York. JAMES E. SCUTHBERT, ‘Trensurer. Bixg itp Ntapravell property, ineed address J. F., Herald office, ¥FICE OF THE CANADA SOUTHERN RAILWAY Company, 13 William street, New York, Dec, 24, ot maturing Jenne 1, on of the ta atte Souuherm alt None bat principals Y ‘Our mrnGHt off President. FFIOE or THE CHESAPEAKE AND OHIO RAIL- noab Conran, No. 94 Wituian Stmnee, 99 t. New : The Coupons of the Seven Pox Cont Dobenture Honds of the Chesapeake and Onin. Ralizoad, Company. duc Jan, wary 1 18 ell "he, pald, in gold ca 6 saat rs, Hatch, No." 8 Naseau. street, om ai Sunuary 2 CP, HUNTINGTON, Presiden FICE OF THE CENTRAL PACIFIO RAILROAD Couraxy, 64 Wittiam Stary, is Youn, Deo. 20, 1872, The Conpons of the First Mori age Bonds of tive Central Pacific Rail Vestern Pacific Railroad Ratlroad Coin- nae Bice of Mean Fisk & Hate, t aoe AN Ed ae nee peat np may or be presented, Which checks will be ready Jwnua pe eneeks WOlip HUNTINGTON, Vice President. Qe SAVINGS: BANK, Grand street. Interest from the Ist of NION pace Pong 4 COMPANY, BOSTON, Dec. 27, 1 he goupons of tho First Hortgage Bonds of ‘the ote it ilroad Company, a paid in gold, tree of government tax, uary J wand ater Sau ry 2 atthe office of the company, in Boston, and if ng Howse of Merton, Biise & Uo., in New Yor! sched goupans will be recelved oF examination, ROLLINS, Treasurer, ‘ANTED—A LOAN OF 610,000, SECURED BY FIRST mortgage on unimproved property in city of Chicago: the property is worth three times the amount asked for, Address box 1,882 Post office, New York. EUROPEAN MARKETS, Loxnon Monry Manxet.—Loxpox, Dec. 27—8 P. Mum ‘onwols 91%4 0 9174 for money: $174 a $2 for the account, American rhics—Five twenties -of Is O00 70. LOANGPOR THREE OR FIVE 3. Years, on first mortgage, improved or wn- improved city Bes wade pri tnelpals dealt w ith h only. Ads Gress WILLIA Thi see 807, 92; ten. forties, ay: new fiver, 895) vias Bouunm—-Pamia, Dec. 1A. Me | ba Sr Dee, 27—P. M,—Rentes, 63¢, Se. Livenroo. Corson Manasy-—Livanroole Dee. 27—6 2... RM. HOLZMAN HAS THI Y WITHDRA from i iro. sany bts at & eee 000 TO LOAN ON FIRST CLASS | er th oe seroxat | yi OL lana, Raw Yous, Dec. 7: 187% = MAX Hl LITERARY CHIT-CHAT. GRACE GREENWOOD’s “New Life in New Lands,” being her notes of travel in Western America, will be brought out in book form-by J. B. Ford & Co. THE Atheneum raises @ well-bred protest against the “indiscretion” of Baron Stockmar’s mémoirss just out in London, as publishing documents anq secrets of State during the afetime of their authors. Baron Stockmar was physician to. the soya! family of England, and his gon, in publishing these memoirs, has used ail his materials, without re< trenchment, The “vain and meddlesome old gen- tleman,” as the Atheneum calls him, makes out Wellington to have been @ pompous and rather Wweak-minded man, Lord Derby ‘‘a frivolous ariste~ crat,’’ Palmerston an insane innovator he Capok @ “vain, irritable and ambitious Frencnman.’? THE Spectator points out that Warwickshire,’ which produced by far the greatest of English authors—Shakspeare—las also produced by fart the greatest of English authoresses—George Eliot, the author of “Middlemarch.”! DR. WHEWELL’s memoirs and letters will soon be published in Londov, A Cory oF A PRoor of an article m tne Paria Globe, of 1830, corrected in lead pencil by Adolpha Thiers, Was recently 30ld in that ctty for sixty-five, francs, ‘ Tue Ricurst USiversiry in the world te that of Leyden, in Holland, Its real estate alone is Wort, over four million dollara. “MR. GLADSTONS’S passion for Homer” furnishe: the Spectator material for a leader, The Premier sald recently in public:—“Every day must begin( for me with my old friend Homer; the friend bac youth, the iriend of my middie age and of my age; from whom I hope never to be partea as long: as I have my faculties, or any breath in my body.” ° ‘THe LEapime ENGLIsu magazines pay only abou @ guinea a page for contributions. This wae Dickens’ ordinary price per column to the writera/ in AU the Year Round, The same writer got only: ten shillings a page for his sketches by “Boz” in the New Monthly, which, however, paid Charles Lamb what was then regarded the high price of @ guinea and a half (eight dollars) a page for the “Essays of Elia.” The Zdinburgh and began by paying £10 103. a sheet of sixteen pages for contribution, This was soon doubled to lead. . ing contributors, and Macaulay even commande fifty guineas a sheet (or sixteen dollars a page) for his incomparable essays, PRINCE NAPOLEON has & number of books ready: for the press, especially one on the life and charac« ter of Maximilian Robespierre, but at the requesg of the ex-Emperor the Prince withholds them fronw, publication, To Loox TaRrovan the MS. of Macaulay’s articles, to correct his proofs and to hear him read a page or two of his history in Ms., formed the pleasantes@ of the critical labors of Francis Jeffrey curing the closing years of his life. He revised every page of the first two volumes of the ‘History of England,’%, punctuating the proofs at seventy-four with all the skill and care of Messrs. Longman’s own readers This task of punctuating proofs was one that Jeffrey particularly plumed himself upon. “This,’? he used to say playfully, ‘is the department of literature in which I feei that I most excel, and om which, therefore, 1 am most willing now to stake my reputation.” ’ THR Rey. Dr. RANKIN, & “Congregationalist’? minister in Washington, is versatile enough to have written @ volume of poems in the Scottish dialect, which D. Lothrop & Co., of Boston, will soon print, NEW YORK CITY. ——_——>—_—. The Comptrolier paid yesterday to the Depart! ment of Publig Parks, for current expenses, $50,000, In consequence of Thursday’s storm Mr. Hep worth’s Sunday School will hold their Christmas men to-morrow at three P. M., in Rutger’a chapel. Professor Tyndall has transposed the two rast! lectnres of his course. He will to-night take up’ the “Relations of Light and Radiant Heat,” and treat of “Spectrum Analysis” in the last lecture om next Tuesday evening. The pay-rolls of the foremen and others engaged’ in laying thirty-six-inch mains and small pipesy and also those of the paviors on the streets will be paid to-day at the Comptroller's office, as the work~ men are not engaged upon the line of the work. Ann Clancey, an Irishwoman, thirty-one years of age, was taken to the Fourth precinct station om ‘Thursday night, while in a state of intoxicationy and Dr. Hemingway called, as she seemed to re- quire medical attendance. "ann subsequently died from exhaustion, Coroner Young was notified, The above was the subject of s very interesting lecture delivered last evening before the Pyro~ technic branch of the American Institute by Dr. AJ . il. The lecture was very interesting, cover~ de iat aid the order of insects in fall lasses of the animal kingdom and the various transforma~ tions under which they pass, from the egg to the. imago, or adult life, Nearly all the railroad and stage companies, be-’ lieving that the streets would not be cleaned by the authorities for several days, last night put om details of men and horses and carted away the from the lines of their travel. Between seven o'clock and midnight the Bowery, from Chatham square to Cooper Union, and Broadway from Ann street to Union or i were relieved of the snow. The routes ie other railroad lines: were similarly treated, wa on it is safe to say tha this morning there will be little or no interruption: to travel. ‘The twenty-first annual meeting of the officers off the Orphans’ Home and Asylum of the Protestant Episcopal Church, was held yesterday at the Asy~ lum, Forty-ninth street and Lexington avenue, In consequence of the inclement weather the attend- ance was small. The treasurer’s report shows @ balance to the credit of the institution of $361, together with three United States bonds of $1,006 each, The officers nathan for a sigue year were:—First Directress, atin 5 Second Directress, Miss ‘one | pores: Secretary,, Miss Anna L. Peek; Treasurer, Miss Mary S. Joneas : Trustee of Permanent Funa, Mr. William Alexan- der Smith; Committee on Receiving a2 ‘and Dismiss- Childrén, Miss Annie M. Barnes, Mrs. Arnest rae, Miss M. L. Van Wagenen, Secretary. DETENTION OF THE MAILS, The following report of the the arrival and detention’ of mails, given to @ HERALD representative last evening by the Post Ofice Superintendent, will show the disastrous and disagreeable effects of the recent snow storm on the news communications and personal correspondence from one part of the country to the other. The Boston matis which arrived yesterday were as follows:—One at twenty minutes alter six o'clock in the morning, due the evening previous ; one at seven o'clock P, M., due about seven o'clock. in the morning, and one at nine o'clock P, M., which was due at six o'clock A. M. The South, or Washington mail, due at six o'clock A. M. yesterday had noe arrived at ten o’clock last night, Only one mail, at ten minu past one P, M., arrived Voy this tine yesterday, and thas was some ten hours behind time. The North mail, due at eleven ovclock P. M. on Thursday, the 26th, did not arrive until six o'clock P.M. on gente the 27th, Another mail Ca ng at ten minutes to eight P. M. yesterday by this line, which was due in the forenoon. ‘The Central New ee rane arrived at twenty~’ five minutes and at fifteen minutes past eight P. hes yesterday, cach & few hours behing time. The Erie tine an but one ite “yesterday, a Ruane arrived at ten minutes past mail by this line had arrived up to ten o’elock last night, is Morristown mail arrived at seven o'clock P. M. No other Rae wlone sanounced on this line up to ten o'clock last nm The Superintendent nether informed the HrraLp representative that he had been receiving during yesterday ietters which were stamped with the date of and due on the day previous, No tele- gram despatches had been received at the Post umice relative te the deteation of mails, and on this account all has been attributed go far to the effects of the severe snow storm, POLIOE MATTERS, At ameeting of the Board of Police Commis« sioners held yesterday afternoon Mr. Henry Smith was reinstalled in his position of President of the Board, Commissioners Manterre and Bosworth. did not seem to Iike giving Fe the beta ag power with which Commissioner Manierre had been in- bia but they were so pushed by circumstan that they were compelled to give @ relnctal Pr assent. President Smith lumediately assumed tho duties af his fice. a | |