The New York Herald Newspaper, January 9, 1873, Page 9

FINANCIAL AND COMMERCIAL, An Easier Tendency in the Money Market. ‘THE CLOSING RATE 7 PER CENT. Foreign Exchange Higher and a Sudden Advance in @old. PROSPECT OF SPECIE SHIPMENTS. The Snow Blockade as an Embargo on Our Export Trade. A Further Advance in the Lon- don Quotations. ERIES EXCEPTIONALLY LOWER Government Bonds Buoyant, with the ’67’s at 115. New York Central Up, Pacific Mail Down and the Others Irregular. WALL STREET, } Wepnespax, Jan. 86 P. M. On ’Change to-day cotton was in fair demand, ‘with prices slightly fayoring buyers, Flour was quiet but firm, while wheat and corn were dull ‘end somewhat easier. THE GOVERNMENT PURCHASE OF BONDS. There were but three proposals to sell five- twenties to the govérnment, the amount offered at the Treasury being only $71,500, at prices rang- ing from 111.74 to 112,50, The price of gold was ‘taken to be 111% (when in reality it was fu!ly 112), 0 that the purchases were restricted to $20,850 at 111,74. THE NEW LOAN. The Washington reperts. state that the Banking and Currency Committee gave an audience to Messrs, Patterson, of Philadelphis, and W. B. Duncan, of New York, on the subject of the Syndi- . Cate and the refunding of the national debt. The necessity of the agency of the Syndicate was de- nied, and the suggestion offered that the refunding of the debt should be deferred until the condition of the money market favored an ae of the ‘eld for the new bonds. THE FOREIGN MARKET, The cable quotations report a further advance in consols and United States bonds in the London market, the former rising to 92% for the account, with cash transactions only 1-16 a} lower. The 67's advanced to 9314, the highest they have ever been. Money was easier, with three months bilis quoted 43; per cent discount. Erie shares declined one per cent to 5054 (equivalent to 62%¢ In our cur- rency), on a fresh rumor that the restitution of Jay Gould had fallen through. The decline is more likely the result, however, of the announcement of the large decrease in earnings the last week of December, pending the snow blockade. French Tentes were firmer at 63.87, MONEY RASTER, ‘The money market was easier, with a steadier movement in the rates on call. On government bonds the rate was uniformly 7 per cent currency, while the average on stock collaterals was 7 per cent coin, with exceptional transactious at as high as 1-32 and interest. Toward three o'clock the demand relaxed and the rate fell off to plain? percent in the closing dealings on the sidewalk. The spasm noted as an incident of Tuesday afternoon, wien a few loans were made at as high as 1-16, is now known to have been caused by the calling in of the last of the special DEPOSITS OFeTUE GOVERNMENT in the Fourth National Bank and Bank of Com- merce, the amount being about $1,350,000, which has been paid into the Sub-Treasury on the requisi- tion of the Secretary of the Treasury, and closes up the power of the government to con” tract our local currency supply, except as shall happen through saies of government gold. At this Season of the year, when there is no necessity for sending currency out of the city, the exchange of paper for goid is not calculated to interfere with the discounting powers of the banks, as the gold will count as reserve equally well with greenbacks. Indeed, the government sales of gold will actually enable the banks to strengthen their reserves in the dnmediate future, when, with the usual *FLOW OF NATIONAL BANK NOTES to this city, they will be able to convert these notes into gold, This excnange will relieve the banks of athe burden which has been regularly imposed upon them heretofore by the glut of national bank cur- rency in the Spring and Summer seasons. This view of the situation implies that the government ‘will be unable to buy bonds at the law.ul limit and that the Treasury operations will be confined, as appears most likely, to the one-sided transaction of selling gold. Commercial paper shows signs of an early relaxation in rates, if not an increased de. mand trom buyers. Prime names are quoted 9 a 12 per cent discount, but the busimess so far has been amominal. FOREIGN EXCTANGE HIGHER, The drawers of sterling bills aavanced their rates further one-eighth per cent, but the market was dull at the advance, although a brokerage of \ a 3-16 was allowed for rouud amounts. The new standard of rates is just atthe specie shipping point, and would be above it were not the imsurance rates a part of ,the calcu- lation. The following were the quotations at the close of business :—Sterling, sixty days, com- mercial, 108% @ 1094; do., good to prime bankers’, 109% a 100%; do., short sight, 110% a 11034; Paris, sixty days, 5.2634 a 5.2214; do., short sight, 5.18; a 5.174%; Prussian thalers, 71% @ 7254; Antwerp. 5.25 95.20; Switzerland, 5.23% a 5,189; Hamburg, 955¢ 03%; Amsterdam, 40% a 40%; Frankfort, 41 a 4134; Bremen, 955% a 9644. THE RAILROAD BONDS. {n the railroad bonas Union Pacific firsts were only steady, while the incomes and land grants were lower. Central Pacific firsts were strong and higher and the general list firm, with a more active market. The following were the bids at the call as amended by the prices at the last board :— New York T ma 18, te New 1, , 001% Tol Ey New York Ce: New York Cen7"; je) <eF Siete Mie hrc rere =#=' i > er Fez: 28 3s = 2 2 adie Ssaeseesses eSaSEeS BE: Ps EE: The following were the bids for the city bank hares:—Merchants’, 114; Mechanics’, 132; Amer. tea, 146; City, 250; Phenix, 100; Commerce, 11254; Ocean, 10; American Exchange, 11¢% ; Bank of the Republic, 112; Bank of North America, 99; Hano- ver, 94; Metropolitan, 132; Grocers’, 100; East River, 100; Nassau, 100; Continental, 85; St. Nich- NEW YORK HERALD, THURSDAY,. JANUARY 9, 1873 Olas, 114; Importers and Traders’, 165; Manufactu- rers and Merchants’, 96; New York National Ex- change, 97; Fourth National, 1093, ; Geld Exchange, 108; Bankers and Brokers’ Association, 80; Ger- man-American, 10234. GOLD HIGHER—I11{ & 112%. The gold market was strong, as a consequence of the additional firmness of the foreign exchanges and the prospective resumption of specie ship- ments. The exports of domestic merchandise the past week were only three and a quarter millions, owing to the snow blockade, which prevented the receipt of merchandise from the interior, Tne already scant supply of commercial bills was still further reduced, and as the demand could not be met with the export of government bonds, which rise in this market as fast asin Europe, owing to the velocity of the news through the cable, the foreign bankers put up their rates to figures which threaten an export of gold coin, five or six hun- dred thousand dollars of which was reported en- gaged this afternoon to go out to-morrow if circumstances shall continue to warrant that dis- position of it. The steamer that went out to-day took $277,845, partly geld and partly silver bars, Under the operation of these several influences the price of gold advanced from 111% to 112% amid active and somewhat excited dealings, the haste to cover contracts on the “short” side help- ing the SUDDEN UPWARD MOVEMENT. The last sales were at 112}, the market leaving off with that price strongly bid. The Sub-Treasury paid out $745,000 on account of interest and $13,000 on account of redeemed five-twenties, The course of the market is shown in the table:— In the gold toan. market the rates ranged from 7 per cent, gold, for carrying to flat for borrowing. ‘The operations of the Gold Exchange Bank were as fellows :— Gold cleared. - $95 ERD Gold balance: 1,780,130 Currency balances. 2,710,817 RAILWAY: BARNINGS. The total earnings of the Marietta and Cincin- nati Railroad for the year 1872 were $2,029,027, against $1,600,714 in 1871—an increase of $339,213. The following is the latest circular report of the operations of the Union Pacific Kallroad :— Nov,, 1871, Nov., 1872, Earnings. $708,141 $915,727 Expenses . 284,093 362,343 —— Net earnings « $423,148 $553,384 Increase gross earnings for November. + $207,685 increase net earnings for November....... 130,236 Jan, 1to Nov. Jan. 1 to Nov. 1871, ai wa $7,051,750 $8,184,754 3,283,153 4,448,750 Net earnings....... $3,768,507 686,004 Increase gross earnings for eleven MONEHB, «0+ ..+0esseee vevee 004 Decrease net earnings for eleven months 82,593, The gross earnings were largely reduced in the months of January, February and March of this year by reason of snow blockade. The increase of expenses has mainly resulted from large expendi- ture made to prevent the recurrence of snow blockades, SOUTHERN SECURITIES DULL. The Southern State bonds were dull, the transac- tions at the Board being confined to Tennessees and new South Carolinas, which were strong and a 3¢ higer. The following were the closing quo- tations :—Tennessee, ex coupon, 80}, a 8144; do., new, 8034 @ 81; Virginia, ex coupon, 45 a 50; do., sixes, consolidated bonds, 54 a 5434; do. sixes, deferred scrip, 15 a 16; Georgia sixes, 77 a 80; do. sevens, 87 a 90; North Carolina, ex coupon, 3314 a 84; do. to North Carolina Railroad, 57 a 60; do., funding, 1866, 256 a 28; do, do., 1868, 24 a 2744; do., new, 20 8 2034; do., special tax, 14 a 15; Missouri sixes, 93 a 933g; do., Hannibal and St. Joseph, 90a 91; Louisiana sixes, 50 a 56; do, new, 50 a 55; do. levee sixes, 50 a 55; do. do. elghts, 60 a 70; do. do. eights, 1876, 60 a 70; Alabama fives, 60a 65; do. eights, 81.485; South Carolina sixes, 40a 50; do., new, January and July, 22 a 22%; do. do., April and October, 244 a 24%. GOVERNMENTS RAMPANT. The easier tenor of the money market, the rise in gold and the advance of our bonds in London caused a further and considerable advance in the government list, the 67’s selling at 115, buyer three, against 1144s, the highest of the day before. The new fives sold at 11234, or only % below their par m gold. The currency sixes were steady. The fol- lowing were the closing prices:—United States currency sixes, 113 @ 113%; do. do., 1881, registered, 115% a 115%; do. do. de., coupon, 16 46a 116%; do. five-twenties, registered, May and November, 113 a@ 11344; do. do., 1862, coupon, do., 113% @ 11333 go. do., 1864, de. do., 113% a 113%; do. do. 1865, do. do., 14% 20 a& «61165, dow—ss dow,««1867, registered, January and July, 114% a 114%; do. do., 1865, coupon, do., 113% @ 114; do. do., 1867, do. do., 114% @ 115; do. do., 1868, do. do., 114% @ 1153 do. ten-forties, registered, 1105; @ 110%; de. do., coupon, 110% a 111; do, fives of 1881, registered, 11244 @ 11234; do. do. do., couppn, 1124 a 11244. STOCKS DULL AND IRREGULAR, The stock market inclined to a duller mood and Speculation is again awaiting the developments of the money market. The failure of the govern- ment to bay bonds, this time through the refusal of holders to sell, at least at what the government is willing to pay, is regarded as an unfavorable sign for the future in view of the prospect that the five-twenties are likely to rule higher than gold as long aa the country is at peace and our finances re- main in their present composure. The amount offered to-day was only nominal and represents a few orders in the hands of brokers given before gold went up from 111%. It is possible, however, that this influence is over estimated, as the govern- ment sales of gold are not likely AT THIS SEASON to do the injury they would im the Fall or when currency is goiug out of the city. At present and for months to come the currency movement is and will be in our favor, so that the gold will flow into the banks and help their reserves, excepting such of it as shall go abroad this week, The specie ex- port is a spasmodic matter due to the interruption ofthe movement of cotton, wheat, petroleum and other merchandise to the seaboard by the recent snow storms, so that the loss of reserve by this outlet need hardly be considered. The chiet feature to-day was a further rise in New York Central to 10234 in pursuance of the causes already noted in this column—viz., rumors of a scrip dividend and of dividends in future at the rate ef ten per cent per annum, Western Union Telegraph was un- settled, and after an early decline became strong, with a rally to 80%, while Lake Shore, Rock Island and ©.,C. and I. C. were quiet and firmer. Pacific Mail was THE WEAK SPOT of che market and dropped to.70%, the lowest poimt reached since the beginning of the down- ward movement that followed the culmination of the Stockwell speculation a few months since. Ohios and Union Pacific were weak and lower on sales of long stock heid by friends of Commodore Vanderbilt, whe are going into Central instead. Northwestern was off another 34. per cent and Erie yielded about % per cent, The fluctuations out- side of New York Central, Western Unien, Ohios and Pacific Mail were not important, and the mar- ket, with the exceptions of these stocks, was steady. Bostom, Hartford and Erie advanced to 9%, but closed at @ reaction to 8%. Michigan’ Central deciined to 107}4—a further illustration of the anticipated competitive rivalry of the Canada southern route between Buffalo and the West. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stecks during the day :— Lowest. 7 From Philadelphia Reading was variously quoted 113% and 114, SALES AT THE NEW YORK STOCK EXOHANGE. Jan. 8—10:15 A. M. 100 80) 200 Suv 300 700 308 500 700 200 8 200" do. 200 43 200 too 43) 1d 200 48) 200 909 Erie 62 509 ao. 0 ao. 62 500 do. 9% ow og + Oe 100 Tol & Wi 74g 300 62! {000 Pac Nail Te ao do 62 ‘ac Mai 5 100 di 72g 20C & NW 817 800 724 600 Un Pac RR. 38) 100 723 20 do. 334 1000 2 200 do. 3x8 100 Ty 2000 & Ri + 109; 190 * my wo a petty on 2 do. 400 .N 1000, & + 38% i) Luo” ai . 38 500, 20 33 “0 wo 38! 900 1000 do. 38 loo 1000 do. 33 First Board—10:30 A. M. 10000 M00 shs NY © & HR... 102 Sooo 900 pa Tit 1400 I 400 102 N N {ite 200 100 500 100 : ute eggesnecues ange =v areca SSESSEEESSESEE EC EEEREESESEREEESE OPES Sr ES Ss Se ev eases 500 3 380 1000 100 do. 600 100 American Coal we 20 Merchants’ Bank. 1 38 § it Nicholas Hank.: 11450 10 95% 160 15 7 200 300 F 12% luo 400 Taig 100 200 Tg al 200, Pie 500 1200 nm wo ONY Wig 400d 500 101% 200 800 wx” 100 do. 300 102 900 ¥ 400 ug 80 do. 1500 102 800hio & 600 Wag 600, U & 200 lo” 4 600 12% 108 do. Ee 2200 do. 400 a gu do Be 800 12% 600 do. Bsa 1500 10244 600 do. 384 ri) lu2ig 200 do. 3 333) 12:15 and 2:15 P. M. $2000 US 6's, 1. r..... SHG $10000 US S's, "Eho..bS 112% 25000 U ‘Blle 6. sire Cc L an West Un Tol. b3 ee do. 19% a 00 do.. 100 Mil & St 200 B, H&E RE. di ry IWonio® Miss BR bs 4; io Mor & Bs lw st L & Kansas secouer Board—1 P. M. pd shs vind MSS Co.s3 0% 2000 Erie 4th m. 50u0 Cen Pac gold b. 10U0 lo. 3000 U eT" 3000 P, F W 10000 ©, C & you CC & 1000 Mor & B00) di 9000 H & 2000 B,C 5000 Tol 3000 Mil 100 shs 51 lw 308 do. joo West Un 2000 a 600 a 800 600 400 380 80 400 80%; 1) 00 Bui 200 2% 130 00 At o BO 953g 100 7% 700 Tim 16 Mi 7 100 Tig 8000, at iS 4 » Tt 200 70% 200 2130 to 4 P. M. Bown, YOaHR.. i tae 200 200 fe ior Et Seees 400 1700 508 1200 102% 200 500 2s, 1400 280 100 100 M 4 “ae 100 200 Bly ‘500 200 385 200 lw 200) e Ss SERS Raa. SEESESSESRRSE SESE ERE: 5258! rt 100 do. 200 Erie KR. 100 do. 0 do. 62: Western Union. 8 100% Pacific Mail a lw NY Centers a & a 71% a 1% Union Pacific a Mie Northwestern. 81 a 8% Northwest’n pi. ST, 4 a 85% COMMERCIAL REPORT. POR AST Trea er Cotton Easy—Receipts at the Ports 22,946 Bales—Flour Firm—Wheat Easier— Corn Dull and Un ged—Sugear Dull—Coffee in Demand and Firm— Pork Nominal—Lard Firm—Petroleam Dall—Spirits Basier—Rosin Firm Whiskey Higher. WEDNESDAY, Jan. 86 P. M. Commercial matters have undergone no note- worthy change, the gemeral merchandise markets being for the most part by quietude and firmness. Though the markets are so quiet now, there is a general belief ina more animated state of affairs st an early day. Hence there is no manifest disposition to induce greater activity by reducing prices; so that, though there is mot much doing, firmness and buoyancy are among the chief characteristics both om gnd of change, and there are few exc’ptions to the general rule of dulness, On ‘Ohange flour was quiet, but firm. Wheat was quiet and flom{na! in the absence of sales to any extent. Corn was also dull and a shade easier, Oats were steady under a fair demand. Whiskey was firm and fairly active. The pork market was firm, but rather quiet. Lard remained quiet, but firm. Cotton was in fair demand, but somewhat easier. Groceries were quiet, with the exception of coffee, which was in good demand and firm. Pe- troleam remained dull and nominal. Spirits of tarpen- tine was easier, while rosin was firm. Corton.—The inquiry for spot cotton was but mod- erately active, and the market, without decided change, ruled dull and easier. For fature delivory a fair busincas was transacted at steady prices for the early moptha, and 1-l6c. @ c. per lb. higher for the later months, ‘The sales sum up as tollows:— Last Ev'g. Total, a We were a iollons a ea Lay steam, gd. Da ead: a on cotton in store, ronning ing i ‘not nessogne than half @ grade above or below Corres athe inarket for Blo has been moderately active and fi In other descriptions no transac! of We of salag ot 5410 bay Orleans, 5,000 bags di “yh enue we were Fi repaced. ex Jenn ngs, on private and 17 at New fy x Tal and eer bags do., balance of the Juno, a! mo on private tei We of Rio, q pest | ca 8 1BdGC. 5 fale éanxoe 1 rigs carnoet ee seis i, one tetige Yor town, sos a days? credit. Java, government vei Boyt Eh Lis) mats, 193¢c. @ 2le.; Singapore, a et Ce, ney 6c. @ i8c.; Maracaibo, ithe ayra, Ngo, 16) B 1ddGe. 5 Jona 36} ie Itess' Costa ve rye) ech Fan wag ta 6,709 bbis.; wheat, $2,000 Dushels; corn, . ‘600 do. ;’ barley, SMM doe The flour marker ruled vor particularly tor shipping grades, w! ma gales (a portion last evening) foot up about 1 including al quotations. Corn meal was quiet; sules 150 bbis. of West ern yellow at $3 45.8 $3 00. We quote ++ $3 a $5 50 Wa 650 TWa 750 Tia 8% 60a 650 1a 739 15a 950 7a 750 80a 900 9 00a 1050 T25a 825 St: Louis straight extra 8258 900 Louls choice double extra, 9 80a 10 50 il 10 8 a 13 0 9 00 a 10 00 Sia 65) 4500 550 Southern superfine. 5758 60) Southern extr: 7a 875 Southern jamily 900 a 12 50 Corn meal, Westei 8 350 Corn meal, Jersey 3 wa 365 Corn meal, Brandywine. 385a 39 ree 400 fo. b. ‘ic. 360a 365 bY . 10 0 fo. b, —Wheat wa te % and. reje about $2.00) bushels: nearly all, No. 48 to $1 60, but including I load No. 1 Milwaukee Spring StS. “Other descriptions were not dealt in and ent tirely noininal. Corn was dull and easier. The sal were ouly about 52,000 bushels at Gc: a O43sc., in store, for fair to prime; ébc. a 36%. for old Western mixea, atloat; sume prige tor low to Tg . tor Western yellow ; new io old ‘Southern white. moderate inquiry. atd7ec. a ie. jor new mixed, 4655 black, a Sic. tor do. white, bic, wekae new. mixed, do., an Sc. a 80c. nominally tor Guts wore sieady under a ‘a 56c. for old white nd Western State held above the views of buyers, nore were quiet and nominal, at about pre- urs.-Business to-day has been moderately falr, Muiry being principally tor accommodation 1or Rates the is rain by vessels on the berth. there was considerable inquiry tor vessels for charter, 6 bush. 78.4 amd by were about steady. and a fair business consummated at previous rates, engagements were To Liverpool, by steam, 52,500 els yrain, at 74d. a 734d. ; 40) terces sail, 52,600 bane at from 7d. a 8d. packages he harters include :—An Austrian tera grain, hence to Cork tor orders to tie Is tej of Af direct, id. off; a Norwe- vage, 1,700 bbls. of naphtha, hence'to a French port, 4,000 bbls. crude petrolew 6s. a British bark, ‘hence’ to Bristol, 2,70) bola. of petroleuin, 6%. MoLassis.—With the exception of @ limited, Jobbing # moment. Pricés were Touilnally the saine, and as follows =~ Old Crop. New Crop, Cuba, centrifugal and mixed. - lie. —a— Cuba, clayed.. Cuba Muscovad retining. NavaL Stoxes.—there has br doing in spirits of turpentine to-day, but at pri in the buyer's favor. The sales were : 100 bi bbls. on private form 100 Femained, vauice but was firm at $3 70 a $3 75 tor strained. We have only to note sajes of OW bbls. of strained at $370 1.) bbls. of No.2 at $3.90. Tar and pitch were not betore. es were nominally a: ¢ market for refined continued dull and entirely nominal. Those in the combination are sull asking 27}4c., but lots can be had outside for 2644c. @ 2c. Crude in bulk was quiet and easy, quo prompt delivery, at, 10 Vases tes ron rer, quoted on the roads _at $2.55 $26) on the iower, $2 60'on the wake and $275 a $2 ‘» at Ol, “oly. ‘The Philadelphia Rod et, oe exactly the same as here- tofore. Refined held PROVISIONS. ag Yo nen bork 2 eo yl beef, 116 pack- ages: cut meats, 2, do.; lard, 1,666 bbis. and tierces. ¢ Inarket for mess Dork was BO but holders were tirm, a tae $13 Extra mess city. Bacon r boxes short clear, at 7?gc., cash ; 28) boxes long cl boxes do., for January, at 6% Dressed hoge were in moderate demand, and firm. Givy Frags ow (c. a 7c. as extremes, auies 14, cas! and Western at Sige. a here was a moderate jobbing trade at at steady the market was quiet. sales, for new plain mess; for do. ext @ $22 for do. prime tlerces, bya India mess, do. Bee! hams remained ly steady at $3l a oa] Cut meate-Trade. ned only moderate, and prices were not quotabl. chang nged, seek heard of saies of 5,00 bane} Sta ae sti 1s pickled shoulders "and For festerm was bol a) but JH) terces at that price, Including tlerces for a4 e month. For Ook . City lard was a glares ‘firm mate an te ot shade easier ; sales 350 ot ore —There has re in both foreign and domestic pees Bales 80 tierces: sf Caroline at7ye. & Sige. and bags of Rangoon at 6%c. a Svcan.—The market for raw. remains very quiet and Read of we pop or jess nominal for all a ions. We eard of sales boxes of Cuba at 9c. and 736 bbls, ot bu: Incse consummated to- eseentally uuaitered rted, at 9 Refi ae for standard Avs and 12}40. 0 12}¢¢ Tor hai quote —Cul ing. ef aa or fair to good fair, Oe, god ae Cc. ; Broce! eS i ppoery, salt to good 1, hl xem hhds. an x feet mel se. HavanamBoxes, Dutch sea vie Nos. 7 to 9, wise: rr} z ide. ido. twig in igo ba ihage. seo. 19 16, wy lisge’ a tite. ‘mite, ite Hebning. eoininon to prime ay tei Bei tes, real ich Sisuita—superior and extra su: pe rior, 8%. STEARINE, — in, more sume wie sales 20,000 lbs. prime 8, quoted at Be. @ firm ; sales 80,000 ondin nies in fair deman ca 84 ies for priare'sh Dole ine “market was ye Wa od tBige. a Shavelpty by sales were 100 bbi in wires losing at the higher price. 93'¢c. and 150 bbis. DOMESTIO MABKETS, flat; ordii 16546 ood ordinary, Tice. Cotton flat; or: eae ec. ; good ordinary, receipt 2000 balen Exporte—to the Coline! Siniest 8 00. Stock, 73380. Be New Ont Cotton easier, good ordinary, ie ates conte Wt + middling 40. o. colpts, 10.87 bales: gross, 13s ris—To Great Britain, 6, toll ont mat, 190; coastwise, 21. Sales, 1,500; Tam ev euitig, 8000; stowk, ay one ta MG m, Jan, 8, 1873. et low middlings, Cotton weak ordina: Tee pte 48 bales 5 mid ee, 819 ar Xe, mi rman fe Mgt Bi ©, sae c et; ord oe rane ary” ios ‘otton quie' ryt a. va ey idiingsy 19) toeinte ds valve. x iret Great ee ee sien resell Pe, “aaiSs, LAR. Boo auson thee a ip Hey Cotton dull and easy ; middlings, pts, 2,024 bales. eae ‘Great tae tiettate 700; to the outiient, 4; eotatwise, 1808 8a at ana boy | N. Cy st Bs ‘% eatin eecentte auets ‘at Yo ates Crude turpentine ste Toryeltow dip and virgin. “TRe 4 ala ¥., Jan. 8 1873. . Flour steady ; sales 1,400 T98's0" tor Nort Spring, tor amber, wubs as, sv as ror for Shite Winter, td jt MH ouple extra. W ‘firm bat quiet ats LM ‘abwau irelentet Pour to riley 60. § Seis cpa Tae. York, 626. ; to Alban; Genssens 2 Pri4 sass te and Sein Oty rots te ship set a Se ie. i, 6. Provisions uietand incha' |G te iy Pareto mnich Roidera Feu 1e TY , 1 6b 5 March Sasior at? Live. cash Grecn Waus—De- of mercantile circles, Business was light to-day, 7 wand good ‘at full prices; 6340. —TRYPLE SHEET. a ary for 18 to 16 Ib. sm StS LO Bacon—Now se.crages, Green meaty shou ic sien ty; short oles offered, Dicer clear rita Di gs active and 000 bbis. 47,000 bi 00 do. a, 3 do. re 10,000 do. fe ley. Shij rohit 6.0) bbis. ‘Oa. bushels wheat do. 6,000 do, owts, 5,000 do. barley. “ Duress, Y., Jan. 8, 1873. Tr bbis. ; wheat cane: corn, 008 do. ; omte, 41 do. shi es from ‘eleya- pertain ones corn, 68, 9, 30. oe, 41, $8500 $9 ierite sae. De $10." Wheat easy; sain of gholee ite ate Paiste tye (J Ci hes one oar 0 els amber 1 50, 1,600 do re Washingtnae z do. No * 15, Phicago at a r Corn Mt stead, . Safes ot'1,100 bushels No- . high mixed at oe. “Oats dull; Western No. 2 ate No: 2 Toledo, te. Rye ne lected. Barle Ged ismaid, and Atm” sale of S000 busivols Ro. 2 jestern on Private me car Canada st fe. dare dey malt quis Western, 4 $10.91 10° prime Winter West articles unchanged. 8 ay SALT AT TURKS ISLANDS. The Turk's. lands Standard of follows = The lemand for sabt fanringt ‘he ‘past (orraueht has boon very moderate. The supply at Coe er VET tame See oo EUROPEAN M ye TB, ris earort and ‘ee fa Hd te Of th 0. 6 were American. cates ot, ‘ot cotton ry by or Charleston, Nov- Oia eet ae nchenrretiet FINANCIAL, PAnuine orrice 0 OF FISK & HATCH, No, § Nassau Sraxxt, Naw Your, Jan. 8, 1873. THE CHESAPEAKE AND OHIO, the CENTRAL AND WESTERN PACIFIC BONDS, all of which have been negotiated by us, we belicve to be among the best and most desirable investment securities in the market, which in time must become very scarce, especially as the government will probably, during the coming year, Pay off, in gold, another large lot of five-twenties, and tasue in their place Five Par Cent Bonds Tho CHESAPEAKE AND OHIO SIX PER CENT GOLD BONDS, the total amount of which is only $15,000,000, are secured upon @ property worth $35,000,000 to $40,000,000, and are fully equal in intrinsic value to the Central Pacific Bonds. They are issued in denominations of $100, $500 and $1,000, coupon or registered, and at their pres- ent market price, 86 and accrued interest, are very de- sirable, THE CENTRAL PACIFIO SIX PER CENT GOLD BONDS are too well known to require description or commendation. Their total amount is $25,895,000. They have for a long time ranged in market price near o above par. My TNE WESTERN PACIFIC SIX PER CENT GOLD BONDS amount to $2,785,000. This road is now consoli- dated with the Central Pacific,and the payment of its bonds, principal and interest, is’ assumed by the Jatter, Coupon Bonds, $1,000eaéh. Their market price to-day to-day 1s 89% to 89%, As they have recently been intro- duced on the Stock Exchange we expect to sce them rapidly rise to the price of Central Pacifica, being sub- stantially the same in character and value, We buy and sell, as usual, Government Bonds, receive deposits, on which we allow interest, make collections, and conduct @ general king business in all its branches. __ Fisk & HATOH. MONEY TO LOAN I ZN BROOKLYN, NEW YORK ¢ tnd Queens county, LI; also for the purchase of City Firwt and Second Mortgay SAWARD & MCEAVITT, _ 54 Wall street. (A WRARTIES HAVING SECOND MORTGAGES ON + New York iinproved property can find prompt iurchasers at reasonable rates at the oftice of CALLEN. DER C7 LAURENC! K, 30 Pine street. vn RGE TRUST FUND TO LOAN es on New York or Brooklyn Property. dress We CUTOR, box 4,152 New York Post oilice. OR TO BUY Ad- EPOSIT TO-DAY IN TH SAV NGS “BANK chartered by the Unite SEND FOR CIRCULAR, BLE. ASSETS NOVER $4 000,000. OR SALE—TO OLOSE AN tal Silver Mine, located at about 160 miles trom Sa by Fuil nearly the entire disi the main shatt betng sunk 400 feet, on five feet on tel the Se ‘assays about $35 per tons ted ; also Atite 650 "pound boarding house, ith shop, &c., ali re ady. for running; about hag been taken irom the mine, Address AGENT ORIENTAL MINE, tor ten days, or personally after 7 evening, No, 7 East Forty-seventh street, New York, or at Z. W. Butcher's office, 51 Nassau street. OR SALE—A FIRST CLASS FIRST MORTGAGE OF $3,500, on Brooklyn, wan $6,000. “_TURNBRIDGE, 10 to 12 A. M., 2 Broadway, ro Hovee® MACY, BANKE RS, 30 WALL STRE York, offer thé same facilities to depositors as'incor- STATE, THE ORI Vet River, sierra county, Paty sata 175,000 pornos porated banks, and allow interest on daily balances at the rate of four per cent. Collections made on any polnt at current rates, with immediate returns. Specini atten- tion paid to cholce Stocks, Bonds, &c., tor investors. a & BRAIN tock and by rokers, 11 Broad street. ‘tock Privileges arladare gifem af ‘our ome, jailed on application. NICKERBOCKER FIRE INSURANCE CUMPANY of New York. Established 1787. Office 64 Wall greet, w Yorke, Jan. 6, 1373. Ata Meeting of the Board of Directors Went this day the usual Sem{-Annual Dividend of Five per Cent, a an Extra Dividend of Five per Cent, was declared pa: le on and on seesy, 15, The transter boo! aT be closed tro 16th inst. SEPH L, TOWNSEND, ___ Secretary. APSLEY & BAZLEY, ye ~ EXCHANGE PLACE.— Stock Privileges a speci: ity. Erie Railway and Pacific Mail double Privileges for sale. Special quotations fur- nished immediately on application, Explanatory circu- Jars’ mailed to any address. ty TArseex & BAZLEY, 47 EXCHANGE PLACE.— 10.4. M. to4P. M, No charge for circulars, quoia. Uons of information. Do not hésitate to call for par tieulars. aie Oh a. ANHATTAN SAVINGS INSTITOT BROADWAY, CORNER BURRORER 87, ) New Yours, Dec. 2, 1372) Forty-fourth Semi-an annual Dividend. é ‘The trustees of this institution have declared the forty. Ex- 9 ne eT FINANCIAL. RIKNTAL SAVINGS BANK, 430 Grand street. arn before January 41 receive interest from Janw Tae AVENUE SAVINGS BANK, —DIVIDEND, G a cent per annum, payable January 2, Deposits the 20th of January bear net per the Lat. ¥ON, President. Davtp Monaan, Secretary. $4, 000 f9 $10,000 TO LOAN, wWwitiovur bonus, on frst class improved City Prop: $4 gr Brooklyn. near ue. w all. Second Mortgages wanted. WALTON, 21 Park row. 10. 000 —A SPECIAL PARTNER with THIS + ammount in the ber business in New ‘ersey ; cuaranteed by bond and fay ye on twice the amount; opportumity unsur assed tor vestment. ‘SOLSTON, $300, 000 T0 LOAN-ON NEW YORK, | BROOK. lyp and Westchester Roal Exiato ; sums fo suit: no bonus required; term of years | We Montauk Insurance Company, I Sirona are $750, OOO 79, LOAN-ON IMPROVED PROP- eatahioutor County’ Principals ouly need apDly. Beit. MASON, No.1 Chambers s:reet. ___.__ COPARTNERSHIPS. _ yonvany 1, 1573.-THE ¢ COPARTNERSHIP oF E. 8. firors of neckties: sh Whies atrege: New York, luis day 8 Ww _ dissolved by limitation. base gord en ig a ELS VAN ARSDALY, E. continue, the bunnass same stages 38 White streets Ne New York. aa the OTIGR. ir. J. H. Gossler, Jr., retires to-day from our firm, Mr. John Henry Gossder, of Hamburg, has transferred. Kir iferest inoue ouees a bis frm, Modare, John Heron guiled Lae om Hamba tats iy Mer a ae iM Thais Snd'iis, George: Grave Mg i J. and Wr. Guide Wolff are authorized: to-rign oUF 7 tomer rocnration, ‘eign au Bee mi Bostoa amp New Your, Jan. 1, 1373. THE MODOC WAR. REPORT FROM THE SEAT OF HOSTILITIES. Nineteen White Persons Have Been Killed by the Indians—Danger of Other Tribes Join- ing the Hostile Redskins—General Scho- field to Take the Initiative—The Last Attack on a Wagon Escort. (From the Sacramento (Cal.) Union, Dec. 30.] P. A. Dorris arrived here yesterday from Yreka, accredited by resolutions of a meeting of the citt- zens of that place to confer with Governor Booth upon a plan for the better prosecution of the war with the Modoo Indians, His statement gives us to understand that the trouble with these Indians was precipitated by the order to force them to go upon the reservation this Winter, and might Probably have been avoided by a more prudent management. Dorris is an old resident of that region. He speaks well of the Modocs, though he thinks, a8 matters stand now, they will have tobe chastised, ifmot to enforce obedience to the order atleast to cempel them to surrender those who have massacred citizens and shot soldiers. He places the extreme number of Modoc warriors at ninety and of those now in arms and intrenched at the Lava Bed challenging a night at not more than forty-five. He says they have all along been rather exemplary in their conduct, and what might bo termed good Indians; that they are in the habit of working tor their living; that they have inhabited the country which they are now ordered to leave from time immemorial; that they are much at- tached to it; that they have not been greatly in the way ofor injurious to the white settiers; that the reservation to which they are ordered is a cold, in- hospitable region, where 1t will be dimcuit to Keep stock in the W iter; that they will therelore have to depend on the government tor lood, and that these are some of the reasons why they resist the order and desire @ modification of the treaty of 1s66. Their chief, Captain Jack, a very intelligent Indian, also complains that an "attempt was made to kill his favorite sister, represented as a woman of extraordinary intelligence and worth for one ot her race. Dorris complains that the United States troops in that country are not used to Indian warfare, and that the citizeus have no con- fidence in their ability to disiodge the Modocs trom their retreat and bring the war to a satisiactory conclusion. He does not desire am inhuman war, but he thinks there must be some chastisement beiore there can be peace or security for the set- tlers; and this he believes the troops there are not able to accomplish, In a fight where they outnum- bered the Modocs the latter got the best of 1t, and a{terwards, tushed by their victory, they massacred a number of citizens and frightened others from taeir homes. For these reasons he is dicected to call on the Governor for counsel! and aid in wuat- ever way it can best be afforded. Considering that there are now 250 troops in that region, while the whole number of Modoc warriors does not exceed ninety, and considering that these and ali other indian tribes are directly under tne surveillance and jurisdiction of the United States, the Governor can hardly do other- wise than refer the matter to Major General Scho- fleid, who will doubtless send more troops to tue seat of the trouble if he can be convinced that they are needed; and this, we understand, is what will be done, So iar nineteen citizens and sol- diers have been killed, and the armed Indians have grown very insolent from their successes. It is Dorris’ opinion that artillery will be needed to dis- lodge them from the Lava ied, where they are now intrenched. Fears are entertained that tr they are not dislodged, and subdued before Spring the Snakes and Yantics may be encouraged to unite with them in a general war, which would threaten the whole line of settlements trom Link River to the Dalles, It was an error to attempt a rigorous execution of the provisions of the treaty at this Severe season of the year, especially against a small tribe like this, who have been unusually peaceable and exemplary, and whose presence turnished ho just cause oj complaint on the part of their white neighbors. But since matters have gone So far the best thing that can now be done ia to subdue them as speedily and with as little inhu- manity as possible. If more troops are needed we eas General Schofield will forwurd them without fe Attack on a Wagon Escort—One of the Soldiers Mutilated—Another Dies on (Special despatch to the San Francisco Chronicle.) Yrexa, Cal., Dec. 30, 1872. From different parties just arrived we learn that the Indians attacking the wagon escort on the 2ist evidently shot from a bank fifteen feet higher than the road, and in attempting to shoot the driver sent a bullet through the wheel mule on the of side, The driver whipped up his team and reachea Bernard’s Camp before the mule fell. Four horses, on which the escorts were riding, were aiso shot. One of the soldiers shet reached camp and died soon alter. gta of the other was mutilated by being scalped, one ear cut off, and the other partially, as though the Indians not finished their work on account of their retreat from er- nard’s, Squads of abeut ten soldiers are sent toward the Indians’ camp byte d on! in the hope fourth semi-annual dividend, at the rats 0: six per ceitt Fannuin, on all sums that’have remained, on, depot Jor three of six months previous to Jai pay: able va and alter the (bird Monday in Janua “All dividends not withdrawn will receive faterest the same son capri E. J. BROWS, President. Epwanp Scuxut, Treasuzer. _O'FeAuvonp, Secrotary. 7 F canga AND bic 7 pnd RAVINGS INSTITU. 0 188 Bowery, near Tl Houston street. A semi-annual dividend of six pes cent pet annum will be credited January | on al) sume entitled thereto tor the six months and ae, months erding December 31, oy able on and after January 2), Interest not withdrawn will be credited as a de} money. Gvnpenee on or betore January 2 will bags my January, 1. Open daily trom 10 4.M. to 37. M., and on Mondays bgp orl Wed 7. CONKLIN, President. | siden Huwny ©, Fisiren, Secretat BW YORK pupae, 8 Saver YEARS TO it nd interest Weft privctpatand taterest in gold, For sale by Ww wone, DEC. 26, 1872, To the New el ‘ald.—The interest ciate ad January 1, aoe vin, Bonds of the sueent st an Fete Wnginia and Tennewee Rat uate raw rin. if vad aus wilt be paid ess the Duncaa, ema & RERT, Treasurer. Frreentereuner Wem eoeresrvdi’) ~7datvevforty Poms 0 FFICK EMPIRE CITY FIRE INSURANCE COM. E23 By York, JES as, FORTY -SKC ty Directors of this goppeny. have’ fi 1s day deciared a dividend of five per sit Wit, A. BURT, Linpury Mow r., Secretary, or us B | et bean pan prep ty Gen eect eee | denose one he of more months since aly LA vamoun Pra rest will be pe lor yaa any time inst, ‘and it intra ited to {oindividusl accounts, the same as pein of Me dats Janvany 1, 157 NEDY, Secretary. FFILE OF THE MANUFACTURERS AND BUILD. ers’ Fire Insurance Company, No- 207 Broadway, corner Fulton street, New York, Jan. 8, 1373.—At s meeting ot the Board of Directors, held this day. the tual dividend of ave @) on aud aller We usual semi-an- per cent was declared, payabie J. JAY NESTELL. Secretary. of drawing them. out, to be { up until tie Indians become so bold as to get out far enough to enable @ force to cut them off. More troops have bei stationed at Forth Klamath, and the bomb- is and howitzers from Fort Vancouver are probably in the oe 2 ety by this time. A man named Kobert Boland came along through the Tadian section just after the killing of tie soldiers, having os, be ee nia City, Nev., via Honey sand Big je saw Indians driv- ing cattle, and nad no ‘aes he Indian troubles were 40 serious. There are fully 100 indian warriors in Captain Jack’s camp at present. THE OSWEGO OONFLAGRATION. Burning of the Munroe and Judsoa Blocks=About $135,000 Worth ot Prop- erty Consumed=—The Losers and Insur- ance, Oswxao, N, Y., Jan. 8, 1873. The Munroe and Judson blocks, at the east end of the lower bridge, were destroyed by fire early this morning. The total loss is about $135,000, on which there is an insurance of $90,000. The ivss on the , badings is $75,000, and the new block is iff- by + for $40,000, and the old block for $15,000. ¢ losses ascertained are as lollows :—l’atierson & 'Bcuadber yuri foods, $5,200, insurance gon; a. a MJ 000, insurance Jancy goods, $9,000, in- 20008 . i merchant te tailor, $3,000, $2,500; a, Coe & Lo., booksellers, $1,900, Insuranes $1,290; Marsden & bowers, con- insurance $2,000; E. M. Fort, ingurance, $8,000; J. Holland, tnsurance $1,000; Morris, Place insurance office, fhsurance $260; b. usic store, Be oe jurance $2,000; H. C. law oilice. no insurance. fo) were also Josers, but to what OUNt 18 Rot for ascertained :—T. Phillips, hatter Thomas Murray, bovts and shoes; Pennock more, store, saved nearly all. their stock; J. W. Sinith and Osborn, barber shop;,0. Shepard, insurance oilice; Dr. Stockwell ba ie Gray, tographs; Dr. Williamson, ; W. en, real és es A. % Mevarty, Mra. Black: wood, hair work; Dr. A. G. ‘and the Missea Snyder. lone! , esterday seat to the cotter af assem Sor, ist list for the widen: ing of Broadway, above e"rwenty-courth street, Come | Grmed July 5 ise and amounting to $2,564,153.