The New York Herald Newspaper, January 15, 1873, Page 9

= t FINANCIAL AND COMMERCIAL, ‘The Money Market Progressing in Its Relaxation. the Average of the Raté on Call Less than 7 Per Cent. STOCKS FIRMER BUT DULL. A Rapid Rally in Erie on the Action of the : Directors in Creating a New Loan of Ten Millions, RECOVERY IN UNION PACIFIC, Fresh Theories About “the : January Rise.” ‘The Speculation in Rock Island and Western Union. GOVERNMENT BONDS HIGHER. Foreign Exchange Dull and Steady—Commer- cial Paper Inaotive—Dealings in Railroad Bonds—Enlarging the Powers of the Na- tional Banks—The Week's Export of Domestic Merchandise. WALL Srrest, } Turspay, Jan. 14—6 P. M. ‘ On 'Ohange to-day Cotton was in moderately fair demand, but at lower prices, both for spot and future, Flour and wheat were quiet but steady, ‘while corn was purchased to a moderate extent at htly easier figures.” THE EXPORTS OF THE WEEK. , The total exports of domestic merchandise from the port of New York for the week ending Wanuary 14, 1873, were to the currency value of es THE FORRIGN MARKET. The London quotations were steady and the market quiet for everything outside of Eries, which nderwent an improvement o just 13, per cent, womparing the closing price last night with the @losing price this evening, viz., 47% with 48%. ye London operators seemed indeed to know what was going on in the Erie directory sooner than their confréres in Wall street, French rentes jadvanced to 54.27, OONGRESSIONAL TOPICS, The Congressional resolution autnorizing the Wreasary Department to withhold payment for vices to the government rendered by raliroads default upon their indebtedness to the United Ptates, was discussed In Committee of the Whole une ‘The Senate passed a bill authorizing the ational banks to make use of their surplus profits 6'8 basis of loans in the same proportion as is how allowed to their capital stock. The Senate Finance Committee reported a resolution forbidding any @xpansion of the greenback currency beyond $356,000,000. A minority report was presented ad- yrerse ‘to such @ limitation. MONEY EASIER. The relaxation in the money market was still ore agreeable to borrowers, the highest rate on call having been 7 per cent coin, which was paid nly on miscellaneous collaterals by the smaller lass of stock brokers. ‘The general rates wore plain 7 per cent on stocks and 67 per cent on gov- ernment securities, with, toward three o'clock, further decline to 5 per cent, the closing quota- tions being 6 a 6 per cent. It is even said that Joans were made at as low as four per cent on the Bidewalk before the close of business. Commercial paper still moves only slowly, the quotations tor prime names ranging from 8 to 12 per cent dis- count, Foreign exchange was as steady as might be, butdull. There was hardly enough doing in fact to test the market. GOLD FITFUL—112{ A 111% A 112%. The gold market was weak and heavy up to (Within half an hour of the time for adjournment, and the price declined to 111%, but during the vlosing half hour the “bulls” took fresh courage and advanced the sales back to 1124. As natural this reaction gave rise to various surmises that Bpecie would go out to-morrow, and that the oreign bankers were selling Erie on London f&ccount, all of which were hurried speculations In explanation of the sudden turn in the market. Whe Sub-Treasury paid eut $270,000 on account of Interest and $2,500 on account of redeemed five- twenties. The principal fluctuations of the day Bre shown in the table:— per cent for carrying to flat for borrowing. The operations of the Gold Exchange Bank were as follows :— Gold cleared.. $29,208,000 Gold balances. 1,554,667 3 2,065, THE RAILROAD BONDS. In the railroad bonds a sharp recovery took piace in the Union Pacific incomes and land grants, the former advancing to 75 and the latter to 763, the first mortgages selling at 85 a 85: Boston, Hartford and Eries recovered to 43%. During the afternoon an effort was made to buy in $2,000 of Lake Shore and Michigan Southern con- solidated mortgage bonds, “under the rule,” owing to a default on the part of a firm whose customer ‘was unable to get at the bonds in time for to-day’s deliveries. The bidding was run up to 118 cash, without eliciting a sale,and was then desisted from, Meantime the bonds were offered freely in the regular way at 102. The transaction developed hat: termed i “es.. RAILROAD BONDS, B novelty in this department of the Stock Ex- change. The following were the bids at the call, a3 | amended by subsequent business :— Han & 8tJolg. Han& ae con’ 2S z; ‘| Se, S Sue 3s =e $55> oS43z vi ereeget eF. & lekeitie ds et od as ae = 222 winked ttt a « * a 35 e Chic & Alt Ist m. Chic & Altincome Ohio & Miss con Sse Sense: = a iron \ il & St Paul e's, Ist x i & St Paul ist, 73-1 Mil & St Pant ee. PS Sep agSSESsn288 ‘The Southern State bonds were dull to stagna- | Mon, the only transaction during both boards hav- * ‘ing been a sale of one small lot of Missouri sixes, q@hich were firm at 93, The Virginia consols were quoted higher, and the new South Carolinas were pans Lounone clzes were sironaer ai 9 NEW YORK HERALD, WEDNESDAY, JANUARY 15, 1873.—TRIPLE SKE. ~~ 66, against 50.866 the day previous, The general tone of the market was decidedly firm. The fol- lowing were the closing quotations:—Tennessee, ex coupon, 60a 8036; do., new, 80 @ 8054; Vir- ginia, ex coupon, 45 & 50; do., registered stock, Old, 37 @ 42; do. sixes, consolidated bonds, 65% a 56; do. do., deferred serip, 15 & 16; Georgia alxes, 70 & 78; do. sevens, 87 @ 90; North Carolina, ex coupon, 3344 a 34; do., to North Carolina Railroad, 56 a 60; do., funding, 1866, 26 @ 28; do. do., 1868, 24a 27; do., new, 15 @ 21; do., special tax, 10 a 14; Missouri sixes, 93 a 93}; do. Hannibal and St. Jo- seph, 89% a 91; Louisiana sixes, 52 a 59; de., new, 45 & 50; do.‘levee sixes, 50855; do. do, eights, 60 a 70; do. do. eights, 1875, 60 a 70; Alabama fives, 50 a 60; do. eights, 88 a 90; South Carolina sixes, 40852; do., new, January and July, 22 a 23; do. do., April and October, 23 a 25; Arkansas #ixes, funded, 35 a 42. GOVERNMENTS FIRM. The government list was % better in pretty nearly all the leading issues, and closed firm at the improvement. The amount of the day’s business was below the average, however, as if the invest- ment and speculative movement had both under- gone a lull, The following were the closing quota- tions:—United States currency sixes, 113% a 1131; do. a0., 1881, registered, 1154 @ 11542; do. do., cou- pon, 115% a 116; do. five-twenttes, registered, May and November, 112% a 113%; do. do., 1862, coupon, do., 1134 @ 113%; do. do., 1864, do. do,, 11314 & 113%; do. do., 1865, do. do., 1145, a 114% ; do. do., 1867, registered, January and July, 114% @ 11434; do, do., 1865, coupon, do., 113% a 118%; do, qo., 1867, do. do., 114% a 115; de. do., 1868, do. do., 114% @ 115; do. ten-forties, regis- tered, 111 a 11144; do. do., coupon, 111 a 111%; do. fives of 1881, registered, 111% @ 1124; do. do, coupon, 111% a 112%. DIVIDENDS, MERTINGS, 40. The following aaditional announcements appear in our advertising columns :— The Knickerbocker Fire Insurance Company have declared an “extra” dividend of five percent in addition to the usual semi-annual dividend of five per cent. An election for directora of the reorganized Mariposa Land and Mining Company will be held at the company’s offices, 34 Wall street, on Monday next. STOCKS PULL AND STRONG. Ss The stock market was much duller as compared with its record earlier in the month, but, curiously enough, was proportionately stronger, the tone of Gealings toward the close encouraging a belief among the “bulls” that “the January rise” might prove something of a reality afterall. It is now intimated that the wet blanket thrown upon the market just after New Year's was a device to induce weak holders to sell out and toinduce a short interest, both of which objects were accomplished pretty successfully, the reaction observable in the upward tendency of prices the past day or two being the natural con- sequence of the efforts of these smaller speculators to rectify their position as regards the market. THE CHIEF FRATURE to-day was a rally of over three per cent in Erie, which yesterday morning wns (confidentially) going down to fifty on some startling development. Asusualin such casés.“the point’ proved a bad One to those who got it, for the stock immediately advanced as soon as “the something startling” was known, which, a8 will be seen by the report in another column, was the authorization of an issue of ten millions of seven per cent convertible gold bonds. These bonds cannet be disposed of at less than par in currency, which they will probably command quite readily in the London market. The Proceeds are to be devoted to improving the road with new rails, providing a double track on the Delaware division, and adding a third rail as 9 means towards a gradual alteration of the road to the narrow gauge system. The question of pay- inga DIVIDEND ON THE PREFERRED stock was referred to a special committee, with power to declare one if justified by the earnings of the past six months, It is asserted by one of tne counsel of the company that the mortgages on the real estate restored by Jay Gould had been assumed and would be discharged by him as a part of his obligations under the contract of rostitu- tion. Another ‘point’! which also went badly was the one to go short of Union Pacific, the price of which “fell down’? from 8434 to 35%/—a way of fall- ing that probably caused a good deal of unhappi- ness in the vicinity of Willard’s this afternoon among the lobbyists who “took a flyer” on the strength of the resolution to withhold the moneys earned by the company in transporting the sol- diers and mails of the United States. There is not the least doubt that the Union Pacific Company got THE BETTER OF THE BARGAIN they drove with Uncle Sam; but the latter is in for it, and unless he can repeal the constitutional guarantec of the inviolability of contracts the rail- road company can hold him to the bargain, no matter what Congress may do. Toward the close Rock Island advanced to 11134, although the aix millions oi new stock will be due upon the market in the morning—another signal illustration of the futility of “points.” Western Union advanced to 845;, because the company intend reducing their rates, with a view to killing off all competition, after which (if successtul) they will make their monopoly a closer one than ever. Pacific Mail was better at 7194 a 72, The changes elsewhere were for the better, but were not of important extent. Michigan Central recovered to 106, HIGHEST AND LOWEST PRICRS. The following table shows the highest and lowest prices of the principal stocks during the day :— Highest, Lowest, 2% . 5335 Lake S 9294 | Wabash... BM | Northwestern $1 Northwestern preferred 877% | Rock Island 11035 | St. Paul... 5124 | St. Paul preferred 76%5 Ohio and Mississipp! 46% Union Pacific. 3434 ., C. and I. «e 3834 | Western Union Telegraph. 3 8359 | Pacific Mail, wee 12 ms In Philadelphia Reading was weak and declined | to 11334. 8 AT THE NEW YORK STOCK EXOHANGE. Jan. 14—10:15 A. M. 11454 $2000 U 8 5's, 10-40, x... 110: Hie Sane do} ius M.—Before Call. 3% 593, Se I , | a% 309 Se | 100M a SUP 51 IN YCaHR 02: 300° do. * 108 40 + 103 200 103836 g = 500 ‘ % so) ny 2% 500 102 gas 400 02 Bais | 30) 102 Br 800 . 102 Fr 200 os 102 Base 28 102: 1 iit eae . 7 34 a 34 83g 00), do a Sky 18 ao. 34 8883 100 Chic & RT RR... 10 100 do. 1} : 9? 400 do. mt S04 10) do. ut + 8834 500 Ohio & Mis 41 . By 1000 do. 7 5% 1 = do 487; 30% 1 do, First Board—10:30 A. M. . 92 300shs Krie RR. o 1 go. 0) 1 pT do. 20 do om: ‘ 10) Mien Cen iM I: 107, W2W RR....bo 100 Pac M SSC iS as J do bs 71 100 do. i) 50 do. i 100 i 00% 30) 107! F? 4 10 3% 3 H a ! | 102! 4 102 ioe 16 11034 He ay no 200 Mar My..... i 1OLS4&MBRR....0 70 td of oH 1400 10. bs 9356 5 Bx. 300 . 8 - 10 xy B00 c ot 4 oe iy New Cen 500, c 34 20" do. 0 se 100 do. 465, 1000 i Fs 100 West Un Tel. 400 ‘ 200 "a 10 : 3% 200 Ba% 700 35: 1600 Be «2800 400 “a wo (35! 400 Be = BUD . $5} 600 Bag 300 ‘35! 70 ‘8444 1200 . 35; 100 BA 100 B, H& be.c 8 2500 84! 100 B4%q 400 be 90 iy rat Te Bm 100 BH ub oo Big 100 it 7 ri Bt 1000 Bis, 500 200 Bt rT 100 Erie 600 Lou livo 700 100 ooo ry 100 aos 1700 B04 100 OS 890 6035 600 oe 1800 ong 600 60 1000 603 a 59: lw 100 . 12:25 and 2115 P. M. $1500 US 6's, "SI, c. 115% $6000 US 5-20, c, '67...., 11 9000 Us 6-20, r, ‘67. it 4000 US 6's, cur.. . 3} 390 sha West Un Tel.... 100 rr tay. aees: Ssecszees rat ae do. & 3 $1000 Missouri 6's. Second Board—1 P. 93 = 200shs Un Pac RR. 12:30 P. M.—Before Call. ‘5000 Con Pac gol 99% 600 TO Union Pas it ai. 86M 100 0 dOecsiceice ge OS ac 7" . 7! i) oe ee F684 100 Brio Bei ma” iw Tis 0 8" BG toy 1000 L Shore con ¢ 1000 2 shs Continental Bk 80, 200 300N Con Coal.....be 46% 607 a* 30 “ Bt, 1100 do 813 20) Hariom iit. 116 Be VLC & Pitts, 9036 & WCANWRE..... Br By 100 LS & MSR 927 sy 200d wig fF a a? 93% 84% 50 di 93 a 20 ; ei 0 45%, 100 do. 9, 1 95% 100 do 93 do. 95." 100 do. 92% : WO,C, CRTRR.. 5390 IONS Cont Rit, ... be 101 200 Pac Mail $3 Co. WC & RT RK, 300°" do. 100 do... ; 100 100 Mil & ste. 10 = 4 100Tol & Wab iit 30 Dol, L& WRR 100 165 Mor & Kssex Rit, 20) N 0 i 200 ow 200 200 400 di 400 do. 800 : 400 do... 80 do. odo. 500 do. 100 Quick M 190 Pac M88 U ou do..... Western Union. 8 a 8414 St Paul Pacific Mall... 71% a 71% St Paul NY Central: ..:102% a 1024 Wabasit Erle..... lig a GL Lake Shore..... 27% a 98 Union Pacific. :5i, a 3544 Northwestern., 80), a 813 Northwest’n SB 8 Big Rock Islaud,,...A111g a 113g at the Ports, 22,722 Bale Pork Nominal—Lard Quiect—Coffee Metals Quiet—Petroleu Whiskey Steady. Tunspay, The trade in mercantile circle: the turn easier, though there desire to force sales. At were almost universally dull, quantities, either for ment. The flour market the demand was light. buyers. Corn was heavy, and were again buoyant and firm nnd pork and lard markets were wit change. change in rates worth mentio were quiet, with the exception of moderately fair demand and firm. ‘were quiet, and more or less nominal. the market ver; AS The market for pot bing demand, but pearls remained en! te pots, $8 50. UILDING MATRRIALS. erately fair, and prices show no cha: viously quoted. Lime demand, selling at $1 50 tor Rockland for do. lamp. Cement was quiet and bbl. for Rosendale. Laths were firm spruce. CaNpLRs.—With She.ean0 pm a j pate: e1 market was very strong. Bat frm, The, salen te yorite, on private terms, and at Bal Lapwing, on private terms; do, ex Hansa, and do. ex Th private terms. fe in’ the “4 let eR We ‘quote :-Kio—Ordinary,’ cargoe; it . & 19e., af ri 4 pore, co. aH fs ide BS 1934e. ; ie sean 1. ‘St. Domingo, Ide. ; Li MY sigeta ide. | Curncons 16. & Corto: ¢ Inquiry for spot cottor but at lower prices. e appended decline of 3c. per Ib. oF most of the business was Bos generally, disposed to a mode in moderate requost at gc. a ‘4c. pel sales sum up thus :— snkg be ke 1v0 Tol, 100 Kock 100 a0. 1200 do. $ 100Del, 1. & W Tit! 943 10 B, HH & ERR | 4 46x | 20 do 46% 100 H & StJo RR. 4533 100, C&T 0 RR 383 COMMERCIAL REPORT. PE Beata: AAA tl Cotton in Demand But Lower; Receipts But Firm—Wheat Dull—Corn Lower— Active — Rice Spirits Dull—Rosin Firm—East India Goods Quict—Wool Quiet But Firm | gish, and in a numbet of cases the markets were | At the Cotton Exchange there was but little dealing in spot cotton, and the | market was @ shade easier. change business continued light, firm, The movement in breadstuffs was very slow, neither fleur nor wheat selling in any considerable consumption or ship- | was firm, though Wheat was | nal, but choice samples were nevertheless held | very firm at prices altogether above the views of } for shipment from stpre at lower prices. Whiskey was steady, with a ‘air inquiry. erally quiet but firm. Wool wasin limited request, and | firm. samea--Recelpts for the past three days, 63 packages. remained steady tinder a fair job- —The demand for brick was mod- | was in moderate supply and iair Jon and $175 nd pri lamantine, 20e. a 21 mand for Rio continued Other descriptions were quiet, | ‘sales to-day Include 4) ba Messrs, Win. Scott & Sons report the stock United States as follows:—New Orleans, | 51 007—total, 0% 190. ine extreme 2 9 days) crodit Costa, flee i hy aise! & I7}gc. 5 Anagstura) 1660. re ‘Ba antes. Upon thi i. Holders, howeve: cept the decline—h rate aggregate of business. Future deliver W& W Kit Island. pe s—Flour Quiet | Active—Sugar Active = m Nominal— Jan. 14—6 P. M. 3 continued slug- | ‘Was no apparent | the Produce Ex- and the markets though generally dull and nomi- there were sales Oats ler @ good inquiry. The | hout noteworthy | Freighta were quiet, but there was no | Groceries | g 4 coffee, which con- | 5% tinued in good demand, and the market was very strong. Petroleum remained entircly nominal. tine ruled dull and unehanged, while rosin was ming. Spirits turpen- in East India goods |. Metals were gen- tirely nominal, We nge from those pre- pees hoes t and § stondy ai ver | at $2 60 for Eastern | fair inquiry for ada- ‘ives nachang | do., 42c. a s3e.; | ee good and the ex Fa- timore, 10., OX New Orleans, 4,00 ree Sisters, Iso On ace Bale Brie.’ 1334 ir sy ; me range jor juts, 4 J i6c. a n was fairly active, quotations show a basis: e Jes were ir Ib. decline. The Today. Lart Event Total. rh ama ile 7 135 8 a3 3 = 3 ‘ isa ive 2486 bales to arrive. For tu- @aalg low priddiing) Wa enlos Lave Loew, as Pp | Bi | order quoted at | $13 a $14 for do. oxtra mess, bls. ; fol'ows :—Sales 200 at 19 1 at 1s 4 last evening afte ; 100. Co. 200 att M 600 a q zas—8t 2) 11-16c., 700 10) at eee, for Ni of 213 strained, Andadvageing? alee Quict a6 $2 30. . t. Crud wa eae HAVANA MARKETS, Havana, Jan. 11, 1873, moderate demand; quotations standard, 114¢ a 113 reals per oa] sugar, 6,2 GX reals for ct, $80 10, ee me lavana re —_ ra Ouse, of the week, iim bonce Sugar steady and in Pominal ; B an $.300 le. Ju ds. ; Por uring the wéek,'6,200 boxes and ‘5,000 hhds., in- aa intlercs Biuding 5100 boxes and 4,700 thas: to nited States. He ; Mobile, 2,267; van. | Bacon qu ‘tand steady. Butter active: su nah, 4439; ‘Wlimington, 109; ‘Norfolk. foan, $29 2 $30 2291; New, York, 70. ‘Total, 21722.’ This day | guict at $15 50 last week, 23,097 bales. jast year. 25,259. Rates on | ic&0 sugar cured, a cotton to foreign ports were ly co the following fig- caste es not ai bly lower. urea: To Havre, by steam, 1%0. & 1igc.; wail, Te. com- | Deh bbL. Tallow active at $14 50 per qu pressed. To Hamburg, by, atenin, 34 mpressed. To | Yellow, $10 50 a $11 per arrobe; white, remen, by steam, 1%4¢. ; sail, lc. To Liverpool, by steam, | 82d firm at 6634 reals por 34d. & 7-16d. ; sail, 54d. a 5-160, We quote :— * | $8 50 per bbl. Coal oil in. ti Iplands, Alabama. New Orleans, Texas, | % 524 reals per Le Naval stores steady. Ordinary...... 173 i B 18g Tobacco—The rains have benefited the growing ate Good ordinary 1 19 19) 1932 | Lumber weak; white pine, $37 50.0 itch pine, $37 Btrict good ori 19) 19 19 197% | $40 per M. Empty hogaheads in fair demand at $375.0 Low middling. it I 2% 20i4 | $3 872;. Shooks—Kox firmer, but not quotably higher. addling. .. 2083 2) 21 21g | Hoops active; long shaved, '$92 a $100 per M. Freights Good malddling 22kg 22! 2 Quiet; per box of saan, oda at Havana, S138) ‘per ead of mo- —The quotations are based on cotton in store, running in Quality not mere than half a grade above or below the 'ts—Flour, 11,038 bbls. ; wheat grade quoted. do.; corn meal, 5,500 ba; 15,500 do. ; aye 875 do. irm for ail kinds, oat rt flour market quiet. but 6 sales within the range of the appended quotations. Corn meal was scarce and very firm! hea Tor bbl. lots. No fo quote :— transactions were reported. No, 2 State... ise Ma 650 Extra Minnesota : Round hoop Ohio, shipping brand: Round hoop Ohio, trade brands Family. jt. St Louis straight o St Louis choice double St. Louis choice family. California. Seem vote eo OS OPIS SIM FS SSSKSNSRATSSSSHSSERSSSTS: DPMS Se Pee eSePEeRereee P OP cecersis mace SRSEPSOIONGR = i? = 3 D ' el plea. Thore way almost, nothing done, Was nearly nominal at about $1 53 a No. 2 Chicago to prime North west Milwaukee, in store and afloat; 1 80.0 $185 for common red Winter, $199 a $1.95 for amber 3.00 ashela tn Tote at oh 36 gis Sprii ushels, in lots, ai & $1 53 for common Spring, $1 65 for good No. Batiiwankes ta conser con $190 for red Inter Western. Corn was in moderate request. and lower. Tho sales were about 75,000 bushels, mostly in store, at G5ic, a Gic. (but closing at 63%c. a 63%c.), 6e. afloat for now Western, 75c. a 8c. for new to old white Southern, GOige. a 67c. for new Western yellow and 70c, a Tze. nominally for do. white. Oats were in demand and firm. The sales foot up about 80,000 bushe 0 HC. for inferior to choice now black Western, 49c. a 52c. for do. mixcd, 513gc, 52c. for new white on the track and 53c. w 8c. for’ good to choice do. afloat. Barley—Tho market was firmer and decidedly more active. Sales 0,000 bushels, at $1 for No. 3 Western and $1 16.a $117 tor Canada. Ryo romained quiet. Sales 1,000 bushels of Jersey and Pennsylvania at %c., and 1,200 bushels State at 9 Freicurs.—Inquiry for room by vessels on the berth only moderate, but about former rates were current. The chartering business wasalso quict, notwithstanding there Was conalderable inquity for vessels, ~The engagements were:—To Liverpool, by steam, 700 boxes bacon at 0., 120bales cotton at 344.; and, by sail, 700 bbls. rosin on private terms, To London, by sail, 7,509 bushels grain, from store, at 834d. for corn and’ 9d. for wheat; 15,00) $1 61 for common ‘Aggregate only about 8,700 bbls, at prices |, 50a 85 50 SEs SRSEASSSSSSSRESSSS: gam- and the market iL 64 a $1 67 for No. 2 70 a $173 for No. 1, sales were confined to about Nogshead of sugar, do. 5 hogsh fs 0... rt hogsl 5 8 er hi lascos, di 35 head of sugar from ports on the notth coast to tho Umted. stat iy $5 73. per hogshead of molasses do., $3 25.0 $3 50. Exchange firm, EUROPEAN MARKETS, oN Monny Marker.—Lonpvon, Jan. W—5 P. Consols closed at 9244 9214 for money and 92% a92% for the account. Americ: unchanged, Erie Teailway shares, 4844. Consols opened at 92% for money, and 9244 a 92'¢ for the account. nited States five-twenty Bonds 1sos'e, old. S0i¢: 18, O85, ton-fortion, 804; ives, if le wa} \ATOS, a Tpannrour Sounse-ctmLMeront oan EA, M,—United M.— fe Bates five-twenty bonds opened at 96% for the Issue of ROOK Corton Marner.—Ltveni jan. 14—5 P. ¢ market closed dull and unchanged. Tho sales of the day havo becn 8,000 bale: for specula- nd export. Of the Y aR Sng up lands, 104. a 16344. noe a “4 0 PRION oom, Are now estintated at onb: 3, including 1,000 for specuiation and exp 8 01 Sales of cotton shipped from Savannah or Charleston, apember und January at 9X4. RApe At Manonxster.—Livereoor, Jan. 14.—The mar- ket for yarns apd at Manchester is dull, with a downward tenden pair ssi * Liverroot Breapstorrs Market.—DLrverroor, Jan. 4— 5 P. M—Tho receipts at, this’ port, for ast three days 11,000 Ameri . 8 tho including Wheat 3 age California 4d. 000 quartora, market {3 dull. 128, |.) per cwh. for ave rhite, 128, 9d. a 138. for club ‘do., and 1: 128, 3d, tor red Western Spring. Corn, 238. 84. quarter. Flour, 208. 6d. per bbl. for Western. Peas, per quarter for Canadian. The receipts of wheat at this Port for the past three days have been 41,000 quarters, in- cluding 39,000 American. Livenroot Provisions MARket.—Liverroor, Jan. li— Beef, 95s. per tierce for now mess. LiverrooL Propuce MAKxxt.—Livearoon, Jan. M4— Byening.—Spirits turpentine, 458. Od. a 40s. per ow Lonpon Propucr Marxet.—Lonnon, Jan. 14—5 P. M.— Refined petroleum firmer at 214d. a 24d. per gallon. Tal- 10W, 448. 64. per cwt. a FINANCIAL. —TO LOAN, ON BOND AND MORTGAGE, $5,0¢0 for'Improved property, New York. 10,00) for Improved property, New York. 15,000 for Improved property, New York. 40,000 for unimproved property, New York. $1,200 for improved property, Brooklyn. 7,500 for improved property: Brooklyn. $135,000 for New York second mortgages, CALLENDER & LAURENCE, 30 Pine stroct. —MONEY TO LOAN ON BOND AND MORTGAGE + in New York, Brooklyn and New Jersey. Princi- pals only apply to SAMUEL 8, WOOD, Jr., 156 Broadway, r : EPOSIT TO-DAY IN THE SAVINGS BANK bushels grain, trom wharf, at 8d.; 0 tons maple at 40s, END FO ered by, the United States, and 200 tons black walnut on private terms. Tho charters | SEND FOR CIRCULAR. Its BLRECKER STREET, Included :—A Norwegian bark (rele to Cork for orders: aE FEN 270) quarters grain at 7s. 6d.; a British brig, hence (| es Malaga, 300 bbls, resined petroleum at gs O-and 7.00 | FLXECUTOR'S FUNDS TO LOAN.—$155,000 ON, FIRST oases do. at Sic.: a Danish brig, hence to Cork for orders | 14 class Real Estate in New York city. Also Funits to to the United Kingdom, 2,89 bbls, refined do. at 6s. 9d.;.a | make Building Loang and to buy Mortgages. Address ATTORN box 319 Ne ‘ork Post offi id Portuguese ship, 575 tons, to Cadiz, it peti eT gs ID He fons cargo of petroleum and of no transactions of importance market remained very firm. We 2%e. a 18e,, for prompt delivery, onths. Bags, 14%. Hear anp Jurx.—The market has all descriptions of hemp, but we learn of no Important change in prices. Manila held at 10%%c., gold. Jute was also quiet but steady at 20. a 4%e., gold. Jute butts were steady at2 I-16c., currency, with ‘sales of 600 bales, TRAW.—The demand for shipping hay con- Unued fair, but Totail ‘qualities Were rather more quict, Straw was'in moderate demand and the market through: gut was firm, We quote:Shipping hay, $118 from lepot, and $1 20 from store; retail Gualitics, $1 30 a $1 70; clover, $1 a $1 05; salt, 8c.'a BSc. ; long rye straw, $120 4 BI 40; short do., $1 05 a $1 15; ont, $a $110; wheat, Hors.—Domestic are still scarce and come in slowly, consequently the market was quiet, but remained very ‘estern, been vory quict for Marat during the past three wore firm. The esti nper has been less active v8, but, notwithstanding, prices ited sales of lake axgregate 300,000 Ibs. at Sitgc. a 35e. cash, and 354<c. tor future de- livery, Of English the sales were 100tons of best select at sec. a Sic. here and to arrive. The market for. tin remained quiet, but very firm. Sales 500 boxes I. C. charcoal tin at $1 12¥4 gold. Tron was quiet but firm. Pon quoted at $55 for Caithness and Gartsherric, 4 $92 tor Glengarnock, and 4 $49 for on} American nominal at $45 for No. J. $40 for No, 2, and $36 a $10 tor forge. Rails quoted at $72 a $74, cold, for new English: $57 50, currency, tor old English ;'$3), currency, for new American at the mills. Other motals not above mentioned were dull, and prices nomiaally ax before. MoLAsans.—There was no trade reported to-day except in ajobbing way, where sales were made of 50 bbls. of New Orleans at i¥om 63c. a Foreign was nominally the same in price. We quote :— ‘nan m0 Crop, New Crop. Ite. a' Ide, Vg Cuba, centrifugal and mixed. nba, clayed Cuba Muscovado, refining uba Muscovado, grocery orto Rico......+ nglish Islands 5 a New Orleans. 35c. a 50c. Se. a 7 Nava Storusa. pirits tury Fo) but prices were unchanged. We hear¢ | TS bbls. at Glige. and 50 oil and whiskey bb! closing at 61 Glee. Rosin was firm and in moder request. Th 100 2 at $4, 100 bbls. strained at terms, 29 bbls. ood do, At $3 65 a $4. far sold to the extemt of 400 bila, at $3 250 $3 37% for Washington, and 330 bbls. of do. on private terms, the market closing firmer. Pitch was neglected and nominal, Ons.—The market for Hnseed ruled firmer under Hight offerings and a fair demand. Other olls were quiet aud not materially changed in price, We quote Linseed 8c. In casks: crude sperm, $1.56; natural Winter, $1 64 a $1 70; bleached do., $1 734 $1 75; crude whate, 70c, for Northern, 3c. a 65¢, ‘10r Southern, 72c. a 75e. for natural Winter and 75c. a Ce. tor bleached’ lard, 673g¢. a 7c. for is menhaden, 8c. for selected light and pri a r choice Drown; neatsfoot lubricatin F 10a $1 40; crude cotton secd. 48c.a 45c. ne, Prrnouecy.—The market for refined continu dull and . t entirely nom! Lots were obtainable at Cy but the bids were der that price. Crude, in bulk, was also dull—offere without buyers. Shipping | ses Were quist and raiher htha easier, held at a 16\{c. At th market remained dull end weak; quoted on the roads at $2 25 on the upper, $2 25.0 $2 30 on the lower and $2 45 a $2 55 at O11 City. The Phil- adelphia market remained dull and pets nominal, Pnovistons.—Receipts—Pork, 1,736 bbls. : beet, 179 pa zea; cut meats, 2,765 do.; lard, 4,212 bbis. and arket for mess pork continued dull and non anged; quoted at $13 75, cash. Bacon—The mm was quict, but firm, Sales 100 boxes long clear at cash; § boxes short clear at 73c., and & clear at Chicago on private terms, tinued dull and at Bie, 0.6350. for quoted. at bie. quiet and uneh, within the rank une boxes sh Dressed hogs con. rices of city were about tc. off; quoted acking and 6%. tor pigs, Western c. forthe range. Beef remained About 140 bbls, were jobbed of $10 a $12 for new plain mess, 21 a $22 for do. primi oss, Herces, and $23 & $25 for do. India mess, iierces Beef hams were guict and ate: a $3. Cut meats—The demand for pickled meats con- i moderately fair, and the market was firm, We rd of sales of 6,000 Ibs, of bellins at 7c. and 200 boxes ickied shoulders at bc. Quotations sor other deserip- ions were uncha) was fairly active for the future months, and lots on the spot, were somewhateasier. The transactions inclnde :— 220 tlerces at 8c., cash: 1,280 tlerces for February on pri- vate terms, 780 tierces to arrive tierces ior March at 8 5-16c., and 500 tierces for do. at Bize mandand about steady. Sa Ric®@—The market to-da’ i rolina, and, prices were slightly firmer. ady demand at previous flvures. The sales foot cea of Carolma at Se. a ve. for fair to choice, 0 bags Rangoon at 634. a 7c. Sucan.—lhe market for raw was quict, but prices were not materially changed. We have only to note a sale of 1,575 boxes, description not given, on private terms. Hetined was in moderate demand ‘at formér pric 250 tierces for April a City lard was in 8 GOO tercos nt 77 Inferior 10 common, 4c. a 9c, grocery, fair’ to good, 9 gc. & 1O\e.; centritugh), bhi : molasses, bids, and boxes, 734c. Havana—Boxes, Dutch st ‘9¢.; do., 10 to 12, gc, a 946 | 18\to 14, 1 M je.; white, Me mon to prime, Sige. a ale, Brazii—Duteh standard, Java—Dutch standard, Nos. 10 to ‘Superior ai ja eaperior, 1G STEARIN tierces strong. Tonacco.—The general market remained quiet, and good to prime, 9c. Oe. ; prime to and boxes, 9°. a 9e.; melado, 44; lard. Nos. 7 to do. 18 to 15, 10 1. -@ 1S. ; o., 19 to 2, 12 ‘a J2i¢e, Porto Rico—Refining, O39. ; grocery, fair to choice, Now. 8 to 12, 7g. a Bee Te. ‘a be. c. W ONC. Manita— fe. market closing a 8 at 8% | what iittle demand was noticeable was trom the home trade, Prices were not materially changed. Tho sales include :-100 cases of sundries, erop 1870, Ai 10e, a Ihc. : 0) caser Connecticu at We, a 0 cases Wisconsin do., 9°. has. Kentucky, 10e. a 150, $105. TALLOW. market was q i 10,009 Ibs. of outside at 3c, .—The general market has been quiet during the ast three Jays, manufacturers purchasing only in small city. ots to ineot their Immediate reyuiroments, | Prices | throughoutwere firm, The sales include 5,000 Ibs, tr Tie. ; 2,000 Ibs. washed and medinm fleece 3 domesti 6, de; 21,000 Tbs, do., low n fleece, b0c. & G40, ; 3,000 iba. nnwashed fleece, 1°47. ; 1,000 Tbs. soueres’ as ‘A, $Y; 75 bay ep and led, 87¢. @ super pulled, S80.; 2 Ris ten aes super, bles s "20,000 tbs. Ted, 580. ; 89 Pinte and Michigan fleece, 000 Ibs, Western do, 4,00) ibs, oon) ths. medium Heese, 5007, Ins joo hays combin ngs Texas, 25 do. extra (unnetsty doc combinges 1) bales. Spring Callfornia aod Biates o English noils, all on private terms. Wa ‘580 t was steady under ‘ Ohio and Michi unwashed torelgn, axny.—Receipts, $90 bbls, The a fair demand. Sales 300 bbls. at DOMESTIC MARKETS, Gatreston, Jan. 14, 1873. Cotton weak; good Coben Thay Net racoipte, Sty) bales, Exports—To Great Britain, 1,207; to the Uonti- nent, 1,78; cuastwise, 226. Sales, 1,900. Stock, 73,381. New Onve Jan, 14, 1873, Cotton in good demand; low middii } I mid- Net reveipts, 7,309 bales; gross, 19sec. & 19940. ane Exports—To Ureat Britain, 4,198, evening, 6.20. Stock, 169,220. “Sales, 1,500; lat ominal at about 6c. | steady within the range of $30 | d. Lard—The market for Western | in February at Sie... 500 | : 4. | Board Mr, Walter B. ~ | Pregdent. | | * for the election of traste; } will b | a | It) pi AND SECOND MORTGAGES Bought and Sold by GEO, B, WALTON, 21 Park row. JIRST MORTGAGES ON HUDSON COUNTY pRror- erty worth more than double the amount of mort- gage for sale. Address HUDSON COUNTY, Herald office, OR SALE—A FIRST MORTGAGE OF $2,500 ON Brooklyn improved fay erty worth $6.00, TUMBRIDGE, 202 Broadway, room 7. FLA881Ns & BRAINE, STOCK BROKERS, 11 BROAD Street. Stock and Gold Privileges A specialty. Any one can speculate with small capital and very little risk. Explanatory circulars mailed. NICKERBOCKER FIRE INSURANCE COMPANY of New York. Established 1787. Office 64 Wall strect, New Yor, Jan. 6, 1973, Ata Meeting of tho Board of Directors held this day, the usual Semi-Annual Dividend of Five per Cent, also an Extra Dividend of Five per Cent, was declared ‘pay- able on and after January 15, 1573, tree of all tax. ‘The transter books will be clovwd from this date untli 15th inst. JOSEPH L. TOWNSEND, Secret: N UNICIPAL Ds ITY 7's CUR- rency; St. Louis Water Loan, 6 Per Cent Gold. In- terest payable in New York. For sale by DREXEL, MORGAN & CO., 63 Exchange place. ‘OTICK IS HEREBY GIVEN THAT THE UNDER. signea will make application for the renewal of Certificate No. 1,374 for 28 Shares of Stock of the Dela- ware and Raritan nal Company, issued to I. 7. 1 Pringle and 3. Huger, Trustecs, dated 28th day of May, 1838, the same having been lost or dest IUGER, sole 8 Viving Trustec. GtareMent of the TRAVELLERS’ INSURANCE COMPANY, of Hartiord, Conn. ASSETS, JANUARY 1, 1573, | Real Estate owned by the company $50,000 00 } Cash in bank and hands of agents. 235,77) 84 Loans on first mortgages real oxtate 784,797 56 Deferre’ premiums (Leing balance ot semf- Railway Passengers’ Assurance stock... Se Total assets... LI Claims unadjusted and Reserve for retn-uran: | Reserve for reinsurance ment... teeter $167,136 77 1,207,169 90 189,267 23 Total abilities. .. ee | Surplus as regards policy-holde STATISTICS OF THK YRAR 1872, LIFE DEPARTMENT. Number of life policies written In 1872 | Whole numer written to date. ain in net premiums over 1871 pre Whole number ot death losses paid to date. . | Amcunt paid In death los-es. eeeeeee ACCIDENT DEPARTM Number of accident policies written ix | Net cash premiums received sor same. Gain in net premiums over 1s71. Whole number accident poticies written... Whole number accident claims paid Whole amount accident claims paid Total losses paid, both department ENTH NATIONAL BANK, 348 BROADWAY, CORNER Leonard street. New Yore, January 14, 1873, At the annual election for Directors of this bank, held Jay, the following nam were timani- ected —Dantel 8. Story, Jon ©. | Work, John ke th, Charles J, Os: born, W. B. ing ot the nt’ me nimously re-elected ‘aliner was una GEORGE ACKERMAN, Cashier. per cent per a to the Wth of Janu Davin Moncan, Secretar: HE ANNUAL MEETING STOCKHOLDERS | of the Mariposa Land and at the office of the Com- Monday, January 20, 12 tol P.M. “The wary 19, 2 P.M, RDON, Se Mining Compan. [any bt Wall stree 578, the polls to rema hooks ry be cl nO} losed from GARRY F D—FIRST AND SECOND MORTGAGES, AT | a fair discount; also Colunbia College Mortgages, Money atonce. SAWARD & LEAVITT, 54 Wall stre 5 0 retary. transter ANTED IMMEDIATELY,—$125,000 ON FIRST lugs New York city property. paying 10 per cent On $250.00 ALTON & MANLEY, 163 Broadway. } ) TO BUY BONDS AND MORTGAGES 1 $15,000 with in'Brookiynand New York. Pe HENRY M. HEYMAN, vals only need apply. begs Sealed US Nassau street, room 10, New York. 10 LOAN-—ON. BOND AND MORT.- gage, on New York 4 or Brooklyn MOULTON, 170 Broal- | $50,000 | Property. Apply to GILMAN 8. way. | $86,000 upwards, Mon to J. B. LICHT: NOW READY TO BUY GOOD NEW York city Second Mortgages, from $2,000 paid five days after producing papers TEIN, 183 Broadway. 7 Sit TO LOAN OR BUY MORTGAGES.— $150.00 Any desired amount, Property in ‘ork, Brooklyn, Westchester and New Jersey; also Money without bonus. PAUL P. TODD, & Liberty st. $400.00( bd NEW YORK, Brooklyn Westchester real and estate ; suis to sult; no bonns required ; term of years ik Insurance Company, 168 Broa E, WILLIS, Mon ry TO LOAN ON IMPROVED. PROP $750.01 VO cr in York, Brookiyn, New Jer- sey and Westchester county. Principals only need ap- pl) E. M. MASON, No. 1 Chambers street. Dp! OPARTNERSHIPS, LUTION, OF COPARTNERSHIP.—NEW YORK. Jan, 14, 1873.—The copartnership, heretotore exist” ing under the firm name of Bloomer & Chase is hereby e dissolved trom this aa -" Pup ty-t eB ttled ¢ partnership a: . will be seitied as provide: SS TLDTAM W. BLOOMER, Motus, Jan. 14, 1878, |) ———— ¥ uit; good ordinary, 17%¢. a 17Ke.; low mid- HE FIRM OF LEVY & FITZGIBBONS, COMPOSED Preegt: cee Re mddiin te 98ge. receipts, of G eo 3. Levy and Maurice 74 Apbons pou 2,267 bales. Exports coastwise, 2,747, Sales, 800, Stock, lay disse |. FLAG ¥ 43,659. York, Jan. 1, 1378, a Sayansan, Jan, 14, 1573. ee ae Gotton anil ; middiings, 19340. Net receipts, 4,439 bales, HE COPARTNERSHIP OF JULIUS KURTZ AND Sales, 620. Stock, 82,497, Cranestow, Jan. 14, 1973, Dayid oe bE Pt a , Tan. 14, ness Wi ete Cotton dul.and nominal; mindiings,19}zc, Notvoelpta a le ty ‘sixth ave: 3,069 bales, Sales, 200. Stock, 44, Witmtnetor bplctg of furpegtine Lighog ah fo Hoga Sip; $8 foe itt, Cabinetmaker and Upholsterer, fue between Thirty first aud Thirty-second Janene 1, 187%, | five bat Bett stone, building covering the lot, | being Messrs. Cooper and and Important Meeting of the Board of Directors. Ten Millions in Convertible Bonds To Be Issued~ Mr. W. P, Sherman Elected Treasurer. For the past few weeka, ever since the famous Goutd restitution, there have been numerous Tu- Mors about Erie travelling round the street. Everybody had received some fresh point as te what the new directors were going to do, and the Movements in the stock were eagerly watched. One rumor, which hinted that the directors were in favor of putting several millions in bonds on the English market for the purpose of obtaining funds with which to lay the long talkea of THIRD RAIL, has turned out to be true, as such a resolution was Passed yesterday morning at the mecting of the Board of Directors. For the past few days it hae been apparent that thore was something in the wind, as Erie stock was manipulated in rather a peculiar manner, and though it naturally exhibited a certain amount of strength it was forced down every now and then in order to give the clique a chance of buying the stock. Yesterday morning it. opened at 6834, but was taken hoid of by the clique, ‘and eventually closed at 61%, making a rise of over three per cent on the day. Yesterday morning the Erte Board of Directors met at the Erie oMces, on the corner of Twenty- third atreef and Eighth avenue; with President Watson in the chair. There was a full attendance; Messrs, 8. L. M. Barlow, W. Butler Duncan, William R. Travers, Samuel D. Babcock, Charles Day, 8. T. Olyphant, W. W. Shippen, Frederick Schuchardt, John J, Cisco, John V. L. Pruyn, Edwin D. Morgan, Alexander 8, Diven, Homer Ramsdell and Jobo T. Johnson being present, The President cailed the meeting to order, and, after disposing of the usual routine business, the directors went immediately into tne discussion of the new loan. After some talk on the subject a resolution was proposed and carried which author- izes the company to issue seven per cent CONVERTIBLE BONDS for $10,000,000, provided the same bonds can be negotiated at par, the proceeds to be used for th> purpose of laying @ third rail and a double track along the line of road. Part of the proseate of the sale of the bonds will also probably used in lay- ing steel rails over the line. It is the intention of the directors to offer these bonds on the English market, where they anticipate @ ready sale, as English speculators appear to have recovered con- fidence in Erie since the change of management. TUB RESOLUTION defines very plainly that the bonds are not to be sold lower than par, and also states that the in- terest on such bonds will be payable in both Lon- don and New York. On motion the resignation of Mr. J. B. Hodgakin, the treasurer of the road, was accepted, and Mr. William Pitt Sherman was unanimously elected in his place, No other business of importance was transacted, In course of conversation with Mr, S. L, M. Bar- low the Henanp representative learned that he anticipates the most beneficial results from passene of the above resolution, as it will enable hem to make all the necessary improvements, and equip the line in the most complete manner throughout. The advantages of the third rail. will be immense, aa it will save all the expense of transporting freight from the narrow to the broad gauge cars, Mr. Barlow also added that every- hing bore a very Coes aspect, aud that now that the Jay Gould matter was regulars settled, they had found that the amount restor proves, if anything, of more value than what they anticipated, The report that the pi ty Fe" turned was all heavily mortgaged is without the slightest joundation, as there was not’ one mort gage on the entire property. . REAL ESTATE MATTERS, A Wild Mania for Speculation—Impore tant Sale on’Change of Insurance Prop- erty—A Low Price Obtained. A good deal of activity was displayed yesterday in the real estate market, and a number of good sales effected on private terms. The location an@ general details thereof are, however, being held back by the parties to the transactions. In thie wise millions of dollars’ worth of property changes hand weekly, and is being sold over and over agaim before the land is nally entered at the Register's office for record. This speculating mania has had a much freer, as well asa decidedly cheaper scope, since the 1st of last October. On that date the new Internal Reve- nue law abolishing the aM™lxing of stamps on legal documents went into effect. Previous to this it required a young fortune in government stamps to be attached to a@ conveyance, @ deed, or even a contract. Persons under such circumstances and restrictions were chary tn purchasing unless it was a bona fide bargain. At present, however, when nothing is required but» simple receipt, and that even without a two cent check stamp thereon in acknowledgment of the ten per cent purchase money, more wild specula- tions are gone into, and it is more than probable thata mood many bogus sales are thus reported im order to give value to surrounding property. During the coming busy Spring we shall, no doubt, hear of a good many such pectermen which, however, are only te el in by @ class o! agents who have only a few i try dollars to gain and no reputation to lose. The respectable portion of the brokers discountenance any dishonorable means whereby real estate can be affected either one way or another, Many people have expresse4 a wish for the pres- ent mild weather to continue for at least another week, in order that the snow now encumbering suburban agel atg might be entirely melted ee Then there would be great activity in the and purchase of such lots, buyers could have am opportunity of inspecting and joaging of the loca- tion from actual survey, instead of @ mere glance a t the Taape At the Real Estate Exchange yesterday's an- nouncements attracted avery large assembl: First of all the valnable piece of property known as the International Insurance Company building, 17¢ Broadway, northwest corner of Cortlandt street, 5 entire x103x104, was sold by Mr. Hogh WN. Ca A auctioneer, under the direction of arvis «Slade, receiver, toa W. 8. Duke for $156,000. The cost of this edifice and ground, when purchased by tne same com- pany, Was $180,000, thus selling for $24,000 lese than the original investment. This speaks very badly for the value of downtown pro; a8 (9 although the general opinion prevails that t corner breught a very low figure. Messrs. FE. H, Ludiow & Co. sold, under the direction of E. H. Nicol, referee, the following :— NOth st., s. &., 75 tt.w.of lst av., 25x100.11,4 story brick, house and lot. H. A. Bogert, plaintf.. $10,000 Noth st. s. 8, 100 it. w, of dst av., 25x100.11, 4 , , story brick ho id lot, “H. A. Bogert, plaintiff......1 a a Me PS a iy et brick house and lot. Bogert, plaintiff. 10,288 1o9th st... 8, 100 ft. w. ay., 25x100.11, brick house and lot. H. A. Bogert, plainti 10,408 And N. R. Connor, auctioneer, by order of W. © Connor, referee, the 3s. b. house and lot 517 East 6th st., n. s. Otay. A, lot 2.9%, to Tatac Metzger for. >......---8408 To-day there are some very important sales vertised to be held on ‘Change. Mr. William H. Raynor reports the sale of eight full lots on the west side of the Grand Boulevard, between 129th and 130th streets, for $50,000, Mr. Benjamin Lehmaier disposed of four lots on Eightte avenue, northeast corner of 117th street, each 253100 feet, and one fall Jot on 117th street, foe 31,000 cash above the mortgage, § ine, who bought the 235 ft. e. - property for an investment. ANOTHER AMENDMENT WANTED, To THE EpiTor oF THE HBRALD:— Will you kindly tell @ reader of your excellent journal how many special committees have beem appointed in Congress to examine into various frauds committed by members of that honorable body, and how many members are kept from per- forming the duties expected of them by their con- stituents through the organization of such com- mittees; also whether it is possible to have am amendment of the constitution providing for the election of a body, consisting of one member from each State and Perritory, whose duty shall be to sit in permanence, for the purpose of examining into such irauds as may, from time to time, be un~ earthed by the press, and in which one or more members from any State or Territory in the Union may be implicated ? oe aoe are going om nowadays the country is d cok of the yaluable Services of members and Senators in Congtesd needed for the enactment of wholesome laws for e character suggest not have a bod ‘and it is probable the Seoret of the Treasury, or his fagieman, will unsettle v ues by the issue of the 000 he (or they) awear they have a right todo. Give us another amend- ment to LA pa aaphilg A La mek i -+% i+ religious ¢! Ba riots who "sit and holler in, the halls of Con- greas fog the coming clyilisation.’ ENTERPRISE.