The New York Herald Newspaper, January 16, 1873, Page 9

FINANCIAL AND COMMERCIAL. A Duller Mood in the Wall - Street Markets. ERRATIC MOVEMENTS IN PRICES. oney 6 Per Cent Currency to 7 Per Cent Coin. A DECLINE IN STOCKS. Apprehensions of Commercial Trouble in England. CONSOLS AND ERIES LOWER. United States Bonds Exception- ally Strong and Higher. An Advance in Gold and a De- cline in Foreign Exchange. ‘Dulness in the Southern State Bonds—Govern- ment Bonds Buoyant—Sharp Rise in the Currency Sixes—Resignation of the Chairman of the Gold Exchange, - Wai sreest,. } WEDNESDAY, Jan. 15—6 P. M. ‘Un 'Change to-day cotton was in moderately fair demand and about steady, both for “spot” and future. Flour was indemand and firmer, while wheat and corn were quiet. THE GOVERNMENT PURCHASE OF BONDS. The amount of bonds offered the government to-day atthe Sub-Treasury was only $218,000, at prices ranging from 111.98 to 112.38. The price of gold was taken to be 112, which limited the accept- ances to $197,600 at 111.98 a 111.99, - | “THE FORBIGN MARKET. “sme London market was unsettled and lower for “consols, but buoyant and higher for United States securities. The latter advanced % a@ % per cent. The decline in consols is attributed to a feeling of depression arising out of NUMEROUS FAILURES {nthe Manchester trade, and also to failures at the Stook Exchange in connection with the fortnightly settlements of to-day. Eries opened at am ad- ‘vance of 1% per. cent upon the previous night's closing price, but during the course of the day gradually fost the improvement, closing at 49, equivalent on this side to about 60%. In Paris rentes were active and strong at a further rise to 54.27. oe * MONEY EASY. The money market was easy, with, during the greater portion of the day, a more plentiful supply at6a7 per cent, lenders accepting the lower rate quite freely even on pledge of the usual collaterals of the Stock Exchange, and many of the borrowers on governments refusing to pay any more. After the business of the day was well over and in the interval just before the Close of banking hours the Gemand became'more active, and the latest deal- Ings on the sidewalk were at? per cent coin. The currency movement is still in favor of the city, and large consignments of national bank notes are com- ing from thé interior. Commercial paper was quiet And quoted 8 a 12 per cefit discount for prime names. FOREIGN EXCHANGE LOWER. ~ The foreign exchanges were weaker, in conse- quence of the better supply of commercial bills drawn against shipments of cotton, and the bankers lowered their rates 3 per cent for sterling, the market being steady at the new standard of quotations, which were as follows:—Sterling, sixty days, commercial, 108% @ 109%; do., good’ to prime bankers’, 109% 109%; do., short sight, 11034 a 110%; Paris sixty days, 5.27% @ 5.22%; do., short sight, 5.18% a 5.1734; Prusstan thalers, 71% a 7214; Antwerp, 5.25 95.20; Switzerland, 5.23% a 5.18%} Hamburg, 95% 2 96; Amsterdam, 40 a 40%; Frankfort, 40% a 41%; Bremon, 953; a 96. GOLD STRONG—112 A 112%. The goid market was firm from the outset of busi- ness in face of the decline in foreign exchange and the large advance in the London prices of our bonds, and advanced from 112 to 112%, closing at 112%, The advance was the consequence of the decline in consols, the moral influence of which ‘was greater than'the practical adverse influences of the matters first referred to, for the reason, doubtless, that it indicaved considerable alarm in the public mind in London: Furthermore, the London money market showed a hardening tend- boncy, although the rates for money on the street were still below the bank rate, so that the chances of a farther reduction in the latter at the meeting of the directors in the morning were regarded 3s considerably lessened. Such, at least, were the reasons assigned for the advance, which in its contrariety to the tenor of the foreign exchanges occasioned no little surprise, The Sub-Treasury paid out $287,000 on account of interest and $600 on account of redeemed five- twenties. The Vice President and Chairman of the Gold Board, Rev. Mr. T. A. Hoyt, resigned his office to-day in order to allow of his accepting a call to the pastorship of a Presbyterian church in Nash- ville. Mr, Hoyt was a Southern minister before the war; but coming North went into the banking business and eventually became the Chairman of the Gold Board—a position he has fillea with dig- nity and honor ever since his first election thereto several years ago. The course of the market is shown in the tabi In the gold loan market the rates" ranged from 3% per cent for carrying to 1-64 for borrowing. The operations of the Gold Exchange Bank were a8 follows :— Gold cleared. Gold balances Currency balance: THE RAILROAD BONDS. Despite the passage by the House of the bill to withhold the money earned by the Union Pacific Railroad for services to the government, the bonds anderwent a sharp advance of about 2 per cent. Central Pacifics were a fraction lower, and Boston, Hartford and Eries declined to 42%. The others were firm and in good request, as the following record of the bids wil! show:- New York Cen, 1888. 9% Han & StJo1 g New York Ven 6's, 1587, = & £39 New York Cen 6's. re. 3 New York Cen 6's, sub. 87 New York Ven Rew ye con Del Lack & Wetatae mM Del, Lack & W7) Perea Tore Wabistn ee rier tt) juincy & Tol ist, °9. sien & Chic », m. jc ; iP c ‘at v & Pitts 24 in _ RS & , tows div A ibd SM see i _ YORK, HERALD, THURSDAY, JANUARY 16, 1873—TRIPLE SHEET: we were the bids repre the city bank Pies Pare tind 164; Merchants’, 114; Me- hanics’, 182; Union, 184%; America, 147; City, 251; Pnenix, 100; North River, 85; Gallatin National, 121; Merchants’ Exchange, 85; State of New York, 109; Commerce, 112%; American Exchange, 110; Bank of the Republic, 113; Bank of North America, 1024; Hanover, 96; Irving, 122; Nassau, 100; Shoe and Leather, 144; Corn Exchange, 130; Continental, 80; Commonwealth, 83; Importers and Traders’, 171; Park, 145; Manufacturers and Merchants’, 98; Central National, 90; Fourth National, 110; Ninth National, 103; Geld Exchange, 100; Bankers and Brokers’ Association, 80; German American, 104 GOVERNMENTS RAMPANT. The advance in gold and the rise in our bonds in the London market combined to give a smart up- ward impetus to the government list, prices ad- vancing % a 3 per cent. The domestio inquiry also took a fresh run upon the eurrency sixes, which advanced to 114, with 114% bid for them at one time late in the day. The following were the closing quotations :—United States currency sixes, 114.8 114%; do. ao,, 1881, registered, 115} a 115%; Go, do., coupon, 115% a 1163¢ ; do. fve-twenties, reg- istered, May and November, 113% @ 1135; do. do., 1862, coupon, do., 113% @ 114; do. do., 1864, do, do., 114 @ 114%; do. do, 1865, do. do., 114% a 115g; do. do,, 1867, registered, January and July, 114% @ 114%; do. do., 1865, coupon, do., 113% & 113% ; do. do., 1867, do. do,, 11534 a 115%; de. do., 1868, do. do., 114% a 11534; do. ten-forties, regis- tered, 110% a 1114; do. do., coupon, 111 a 111\; do. fives of 1881, registered, 111% a 112K; do. do., coupon, 111% a 112%. SOUTHERN SECURITIES DULL. ‘The Southern State bonds were | dul a1 and gener- ally steady. ‘The Tengesseed were exceptionally heavy, at 8 & 79%. Otherwise the changes were in- significant, The announcement that ‘the State of Louisiana woula meet her interest obligations on the 13th inst. has been premature—or rather the promise has not been kept. The bonds were weaker to-day in consequence of the deferment, or de- fault, whichever it may be, and the agents in this city owe it to the public to make an explanation. The following were the closing prices:—Tennes- see, eX coupon, 7934 @ 80; do., new, 7934 a 80; Vir- ginia, ex coupon, 45 @ 50; do., registered stock, old, 36 @ 42; do. sixes, consolidated bonds, 55% & 66; do, ‘do., deferred serip, 15 a 16; Georgia sixes, 70 a 80; do. sevens, 87 a 90; North Carolina, ex coupon, 83 a 34; ‘do., to North Carolifia Railroad, 55 a 60; do., funding, 1866, 25 a 28; do. do., 1868, 24a 26; do., new, 19 @ 21; do., special tax, 10 @ 12; Missouri sixes, 93 a 93}; do. Hannibal and St. Jo- seph, 90a 91; Louisiana sixes, 52858; de., new, 45 | & 50; do. levee sixes, 50 a 55; do. do, eights, 50 @ 70; do. do. eights, 1875, 50 a 70; Alabama fives, 60 a 64; do. eights, 85 a 90; South Carolina sixes, 40050; do., new, January and July, 22 a 23; do. do., April and October, 24 a 25; Arkansas sixes, funded, 36 a 40, MEETINGS, REPORTS, &C. The following additional announcements appear in our advertising column: At the annual meeting of the Board of Directors of the Tenth National Bank Mr. Walter B. Palmer was unanimously re-elected President... The annual report of the Travellers’ Insurance Company of Hartford shows assets of $2,259,945, against liabilities of $1,654,573. The whole number Of life policies written in 1872 was .2,367 and acci- dental policies 32,418, STOCKS DULL AND LOWER. The stock market opened steady, and even firm; the earlier business of the day being at rather better prices than prevailed at the close of the pre- vious day, the chief feature being a further rise in Erie to 62%. But with the hardening of the money market toward three o’clock, the decline in Erie n London and the eable advices of a despondent feel- ing in the English market, owing to the frequent and numerous failures in trade of late, prices re- ceded and the market drifted inte weakness, Erie falling to 603g and Western Union to 823, the latter being hammered by the “bears” in pursuance of the advantage which the day's fortunes awarded them. The struggle in Western Union is likely to be a pro- longed and earnest one, as the money enlisted on the opposing sides is of large extent. The HeRaLp has already foreshadowed the NATURE OF THE CONTEST, and has indicated the designs of both the ‘bulls’ and the “bears.’? The general market sympathized with these changes and fell off 3 a1 per cent, the amount of business being quite limited, however, outside the leading features of the list. Contrary to the apprehensions of many of the holders of | Rock Island stock, there was no public sale of the six millions of new capital, of the creation of which notice was given tothe board thirty days ago. Union Pacific was exceptionally firm, and part of the day was higher, but eventually receded to and closed at its opening price, to which it was dragged back by the rest of the market. It is re- ported from Chicago that Jay Gould is endeavoring to influence legislation in the Iilnois Legislature in faver of his plans regarding the Northwestern Railroad. His object is, probably, to secure a re- peal of the Classification act, in order that he may obtain complete control of the direction. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks during the day :— Highest. Lowest, Be York Central. 10% fay My St. Paul... St. Paul preferred Ohio and Mississippi. Union Pacific. c,, C, and I. C. Western Union Telegraph. Pacific Mail.........+ In this table yesterday the lowest price of St. Paul preferred was misprinted 765 for 767%. In Philadelphia Reading was firmer, and closed at 115%. CONDITION OF THE NEW YORK BANKS. The following is the latest official statement of the national banks of the city of New York as com- pared with the previous report of the Comptroller of the Currency :— Liabilities Ort. 3, - 825 00) soe. i Be %, Compartoons. 41,900 eae &: a7 700 ange Wari tne Ine. .11,j io. 108 541-209 Ml, {ase Bs: bs -} ieee aan Tne. Proeners Da re bi Ki Bus tems and reed — = § ae, ‘ag REE Eg 7,408,500 Legal ien Sait a Overdraite Totals.. And the following is the statement of the State banks of the city of New York:— Capital, Net profits. Clreulatio Due bank: Due depositors. Unpaid dividends... Totals....... Bpecis Legal tenders. Overdratts , Totals. SALES AT THE NEW YORK STOOK EXOHANGB. Wednesday, Jan. 15—10115 A. M. ‘81, ©. io Ht Fs a0 n Fe ie a ro 600 ‘ ain a s i ee A SESESSSESISSSSSSSESE! EEEEEUEEEECEE REISER: ageguneligusess =e BE se 100 be si" 100 be 100 B be BES see SSSESEREESESESEEEESEE ESSESSSSSSSSeSsessy BSaeeee es Ee Eggegs BRERRR RRR Re chatter haga Be SESSESES: 12:15 and 2:15 P. M. 3000 di 120 U8 8s i SB G8 Pan eh 11590 do. 12130 P. M.—Before Call. Borns Ua F RR..b3. ao io ae. 000 Missourt 1400 Ca Pac Rig’ bs Un Pac Ist m.be 100 100 MarL’ 200 West Un Tel. 400 do. BeBe: BESSESREi re $10000 US 6s, cur, 200 chs New Cent G 600 Pacific Mail 8S 200 do. * MO. v4 vy Be guick bi 2 | 8 1" do; big owe dé Kk LRR 35 SN Y Ce HW ik 8 ‘do as a 465 mw de. 43 | 8 iw 46 iap 40) 700 46 on 40% 10) 4635 4 i ft ay) iw o Frestern Union. 6236 0 m Pacific Mai! Sn*8238 fee Active=Petroteum Dull and Easier— Spirits Firmer—Rosia Firm—Whiskey Lower, Wepwespay, Jan. 156—6 P. M. Trade continued siow, but the markets were gen- erally steady and merchandise was placed at about previous prices, save in & few exceptional cases. At the Cotton Exchange the market was quiet, At the Produce Exchange there was but little change in the general status of the markets, which were for the most part quiet There was but a four, but the ness previously bat very strong for prime fered sparingly and only at full prices. nothing ef consequence done for stupment, limits, a8 a rule, being consideraoly below current figures. Corn was very quiet, but prices were nominally | edffee active and Sirmer Petroleum wae dull aad som. nally easier. Spirits were more active and firmer, while rosin was quiet but firm. Corrsn.—The market continued active, and prices were considerably firmer for all descriptions. The sales since our last include :—4,511 bags Rio, ex Bassel; 4,500 bags Santos, ex Pera ; 4,000 bags do., ex Rosario (to arrive) ; 5,178 bags Rio, ex Caroline, and 3,200 bags do.,ex Esta, at Hamp- ton Roads, all on private terms. We quote :—Rio—Ordi- nary, cargoes, 163¢c. @ 16%0.; fair ca rgoes, 1740. @ 17340. ; good cargoes, 183¢c. a 18%c. ; prime cargoes, 1934c. a 193¢c. ; extreme range for lots, l6c. @ 19c., gold, per Ib., 60a days’ credit. Java, government bags, 19. a 19k¢0,; do., grass mats. 19k. a 2lc. ; et nc oon a sy i Creepin ae Yo. Maracaibo, 1¢ Bey ia ie, oa spot rie oe 5 oe ed ets ie ae 5 med rather firmer, but sul Kut be peteca qin Mote ate ig i“ aialves fom, ; Sayan: in i Norfolk. i Charatan bol Wilmin, Sg Himore, 7; New aa 1,866 5 isday last i week, 22,948 bales. ‘This da ois nat y ard lowing fig- fae Rates on cotton were steady a. Pas fol ures :—To acaba by steam, Bbc. 6 al Bremen, yy slot aly ‘to’ 7 all RW © Volante. . Alabama. Now Orleans, Texas, as 3 21 SuNEESS n.—Reooipts—Flour, 3,709 bbls. ; wheat, fore, a eh corn y med bbls. ; oats, 7,500 ‘he flour market was firmer, though the dothand was moderate: The bulk of rices showing an advance of 10c, @ 15¢. o bee. since our last re- Wore at p redate about = port, af prises within the fi sales foot up Sho bbIs at $8 48 for Jerse hevinyi ‘white ‘and yellow, and $4 for ‘yellow, $3 60 for randywine, We 2 - 3 Py a8 3s PRI SASlaSSSSSSSRSSSSSSNTe: St. Louis straight extri : St Louis rons eey ) double oxtra.. St. Louis ch ily OPN OWAUNAIEA~IAIE FSRSRTTSSTSRSSSEASSARE POnssee reese eeereseresere Pte? euebanreSh Seasons: 9 Rye tour... 4 Southern : 4 Southern suerte. ; “8 ext . Southern fay H 3 8 10 heat was in limited demand, bat ihe market was very firm for prime, but duil for common. out $1 re $1 tor 67 for do, afloat. about 8000 bushels af $1 6 for Now’ S and 'S Chicago mixed, $1 65for prime No. 2 do. $1 68 for choice No. 2 Milwaikee. ‘Winter wheat was hel nominally as betore. ais was dull and nominal, at 66c. a 66hsc. afloat. sales were about 65,000 bushels, not ee etly prime, c. in store, a 67e, for Western yellow, and 67¢ oe c. for do. whit “Oats were ingood demand and fir the sales sum up about 42,000 bushels, at 464c. ww bik a S2c. for mixed, We. for inferior 5 joat; old was held above , eat continued in demand and fi Dushols, at %e. a $1 tor Western, and § ‘a, Rye nominal, at former figures. Ta. —The inquiry for berth room ¢ moderate, but there was no perceptibl For vessels for charter the nd paratively \ttle was accompli of desirable vessels, The 1 comprise Live! l—By steam, 200 bales 5 7400 Mushels orn at Tas weasel haul fm store, vail ndon—By sail, 1,00) bola. rosin, non priya ms, % ns eg steam, 200 bbls. nburg— Geary go Hf at Sia, To tin—140 bide cen ‘* ters comprise » Brit- A hence to Vork for orders to the United Kingdom, it 400 a bis. naphtha ae &. Sd., fat;a Spanish brig, ence to Santander, 6,400 ¢ refined Rory in um at S73ge, Britian bark aaa Piinaciphia to a direct Continental ort, refine: » Wotisees rad de was confined to small jobbing sales, but the market showed no particular change as to vaines. We spores — cul i ventrifugal ana mixed, Cuba, cldyed Cuba’ Muscova Cuba Muscovat New Crop. -s— a Sie. BSc. a Te. Naval Bro jarket for’ 5 pirite turpentine was decidediy, m and slightly obtained. The, se sales taclude 12) bbls. at lice 130 do, from yar 100 do. 1 shipping order at @e, and 25 New York Nereate até62igc. For rosin the market was quiet but firm; we have only to note sales of 50) bbls, Strained at $3.45, and 400do. do. at $345a $4. Tar con. tinued in demand and firm; sales 100 bbls, Washington at $3.25 a $3 3 PeTROLEU! nominal. ¢ general market remained dull and Usdane cece ak Dice tee preene asl . for next month. Crude fe bulk was obtainable at 9. and in shipping order at 15\c. @ iée, Cases were dull and nominal at 2c. a 244¢c. Naphtha remained en: tirely nominal at about 154\c. a léc. The creek market continued dull and tending downward, Quoted on the Foad at $2 20 a $2 25, on both upper and lower. and $2 40 at Oil City. At Philadelphia the market continued dull and entirely nominal, Refined quoted a about 2c. Sales in New York late day, 5.0 rude, in bulk, at 9c, and 1,000 bbls, do, + All for tuture delivery. If ‘pack- ierd bbls Provisions. Recelpts— ork, 164 bbis.: beet ages; cut meats, 1.842 do. ; lard, 1,848 bbls. and tere The ‘market for mess pork colitinued dail, but were nominally unchanged. lots were ol tina: ble at $13 Jobbing way the sales comprised 40 bbls. mess at and 26 do. uninspected do. at $13 70 Bacon—The market was quiet, but prices un- changed. ‘The sales were :-2W boxes long clear at 67,¢ 1H do. do., iors agra} 160 do. short clear, ‘tor prompt delivery, at 73;c., 800 do. long and short clear, seller's option, ‘for "arene: at Tic, Beet ‘was in small request in a jobbing w: ‘but otherwise the market was quiet, Sales in lots range of Ligh a? it for Pee me: jackages, within the oy, plain mess; $13 4 $14 for do. do. prime mess tierves, and terces. Beef hams were 330 a $33. Cut meats continued in firm, The sales include :—4,000 ibs. boxes shoulders at Se.. $3085 Tor de Scan wan Quietand steady at moderate demand ani pickled bellies at 734c und 75 smoked hams Western wae firmer and qalte petive, particularly for future, The sales, comprise :60 the $4c., 00 tlerces on the dock at 1 500 tierces for at fidrces Yor ADFil at sige. City was hrm at Ben, with sales of 300 tierces at that price. Dressed hogs—The market was dull and sore easier, City quoted at 9% a ic. c. been . ttle more imguiry to-day ained steady. The sale: clude :—100 hhds, molasses sugar at 8\4¢.. 260 do. P rte Rico at Mc., and 2,240 boxes Desrone at ide. a lige. Ree fined was more songht after, and the market was firm at 1%. @ lle. for As, Madge. @ gc. te We quote :—Cuba—Refining, interlor fo, comme Sc. init to. good fale, Be. Sige, good wy i 3 fair to a et prime to entritugal, hhds dal boxes Se.'a to L, ic. By tt oh th ke do. 19 to 3°29, ir 124e.; white, sige a rto_Rico—Refining, com- man to prime nt. grocery, fair to choice, 9540. 4 103 Dutch standard, Now Stold Te. 'a, be: —Dutch standard, Nos. 10 to 12, 9% ge, 900. “Maniia— Superior am extra superior, 7%c. & 8% Trade continued {irae unchanged prices. The sales foot up 78 tlerces of Carolina atc. a Ye. and 296 bays Rangoon at reantse contiqued in fair demand and steady. Sales TW tierces at Bee, TaLLow was firm and tairly active. Sales 600,000 i Sie. neice; the higher price for strictly prime, niskky.—Rece The market was moderately active, bu’ bata tne ot ‘4c. a le, per gal- lon, The sales comprise 400 bbls. at oc. mud W bbls at #iic., closing at the insiae DOMESTIO MARKETS, JALYRSTON, Jan. 1 Cotton quiet and steady; 008. ordinary, i7c. Net re- ceipts, 1,913 bales, bxports—Coastwise, 766, Sales, 900. x ne New Ontnaws, Jan. 18, 1975. Cotton in moderate demand $094 01 ordinary, low, middlings, 18%; alings 190. Net’ fecntae 9,588 bal Pods Exports—To Great biden 5,492 5 to tae oe nt, 2400520 itwise, 2,307, Bales, 1,500; last ng, 160,118, Lyernrd oa MOREE, Tan, 18, 17% a 183, oda iu ok a ect pts Fre 7 “enn ny Ph 4 er H poiaa ae 5 a the Con opie vin 18, pi lc. igen . at 1873, Brock, Cotton quiet ; iggoes grades scarce ; good ordinary, 18! oH low middlings, 1s iddlings, ic. Net receipts, bales. are ‘o Great Britain, 6,118; coastwise, 1, us ee Anzxston, Jan, 16, 1673. Cotton dull and Sg | midi lovee, a foe, et oH ales rae the neo inant, S000 celpuy recor it 1 i Wrnnczon = ie Jan, 15,1878, Spirits of turpentine firm a ‘Rosin 25 for nok Crude turpeatine firm at $310 for hard and $5 10 or yellow dip and virgin, Tar oo at $2 30, 'BICAGO, Jan. 15, 1873, fem: 6 25, "2" Wheaty ened duit bu loved dneuives No pring. Bn ogt 3 ary «No. 3 Spring, $ a7 Vas iri qui pring fo Nov 2 igixe xed, sie nominal Cogn dull Irooping: Oats ste spol Se abe eth ea pt " ni Prcbecd hog dull at $430 0 $440. Receipte—a000 b fay notes in ates “hcpnge as iat four, 4.000 bus 5,000 do. corn, 16,000 do. oats, Naws as. rye, Sy dor bari barley. Burra, 5 Y., Jan. 1511873, sone et bbls. it, 1,60) bushels, corn ‘do. 5 do. Rall shi she ore PY i § ‘ ; Corn, et emer Sprint, Be as amber’ Mi can, 6 2 80 %, White, 39 Ww Witeat duit, Milwaue Keo No. 2 3 1 42 a SI 1 gat 0," Oo ales a a ‘ rm, arin of sinall 10 No. 2 Toled posts San ate Barley dem demand mand inproyed ee sales 12, 12,006 te. ‘is 81 i —mal ‘West Pitas Winter Westefn, Bt mov Pring Win inter ar fn. Bir isn anada, $1 20 n. 15, 1873, N. Y., e'gtt, 1p and unchanged: "anion aa ‘Dba. at 88 80 $9 50 for amber Winter, $10 Wines ial sib 7s for double extra, Wheat & n but. quiets by agg oy oe U. heid at a St nr ulet; sales on cf at 60c. held rie: at$i 06 a1 8 Coo aT G0 toe Bolts te tor crag - ing $1 GL a 81 62) Chicago. No. 2 Spring, white ai ‘an in Be: red W Ht 2 in car lots at 08 Wostsen af fdcrs — 4 waa Oo grote say rors, rats oo “rd on y.) im i n. male hts —I = tia 60. | te Boston, 720. ; to Now York, tse; to Albany, EUROPEAN MARKETS, en oe eA nash Tor money any ates satis at fol for the “account. American’ securities unchanized. eke 9 claim of the Atiantic and Great Western road ae, to about Le EE ee hal ‘eS BRALD representative ik yesterday with some of the Erie Railroad omeiais and a that as soon as the bonds are printed. about a month or six wecks—they will 2 the London Batis Sats plation nd nee ry pe English market. re are several other Kngl banking institutions associated with the Londom Banking Association, and it is expected that there will be no difficulty in negotiating their converti- ble bonds bearing interest at sevem per cent. Itis the intention of the management of the Frie road to commence the laying of the thirt rail about the month of April, or earlier if the weather is favorable. They will start work at the other end of the road, Grobably beginning at Buffalo and working down to New York, so that as fast as they lay the third rail the narrow gauge freight cars of other roads will be able to traved over that portion of the road. The Atlantic and Great Western Railroad, which is now run in connection with the Erie Railroad, United States feo ceent 1 elds BS tga da ein tortion, 10; new “ee age a Jan, 15—P. napa closed Corron Marxwr.—Liverroon, J Ne marker sored dull with a downward eplands, 10d.; middling Orleans, | 104 ay have been 10, 009, p betes, in including epereiad ion and export. sales 6,000 bales were [soeey ae Sales of cotton delivered Dv seam nt from Savannah or Charleston, have Sales of cotton , shipped trom’ Say inate or *ohar December and January, at 9 18-16d. Tavenroon Breapstorrs Mauxet.—Liverroot, Jan, ri 5P. M.—The market ts dull. Loxpow Propuce eee: —Lonpon, Jan. 15.—Refined petroleum, 22d. per sei _ BINANCIAL, A. To LOAN, On on ¢ BOND At ‘AND MORTGA $5,000 for' Improved property, New Yor! 10 000) tor improved property, New York. (000 for Improved property, New York. $40,000 for unimproved propert: pews York. a8 for improved property, ooklyn. § Omiya: % DER & LAURENO! eh Fine street. POSIT 104 DAY IN THE SAYINGS BANK rtered by th oar 1d Sta SEND ror ¢ OTROU! rat Aan 4 BinEOREe STREET. ASSETS OVER $4,000,000 000,000, XECUTOR'S FUNDS TO LOAN.. $156,000 ON FIRST class Real Estate in New York city. Also Funds to make neers Loans and to buy Mortgages. Address ATTO. box 319 New York Post office. IRST AND SECOND MORTGAGES bought and sold. Those wishing to loan OA borrow Nn city real est __ apply fo GHD. WALTON, 21 Park row. ‘OWES & MACY, BANKERS, 30 WALL STREET, NEW York, offer thé same facilities to depositors as'incor- porated banks, and allow interest on dailv balances at the rate of four percent. Collections made on any point atcurrent rates, with immediate returns. Special atten- tion paid to cholce Stocks, Bonds, &c., tor Investors. park Stas tN aD FIRE INSURANCE CUMPANY of New York. Established 1787. Office 64 Wall street, New York, Jan. 6, 1973. Ata Meeting of the Board of Directors held this day, the usual Semi-Annual Dividend of Five per Cent, also an Extra Dividend of Five per Cont, was declared pay- able on and after January 15, 1873, tree of all The transter books will be closed from ae ‘tate und 15th inst, JOSEPH L, TOWNSEND, Secretary. i MECHANICS AND TRADERS SAVINGS INSTITU. No. Se Bowdry "nes “ayy ouseon strect. A sombannual dividend of six per cent per annum will be credited January 1 on all sums entitled thereto tor the six months and three months ending December 31. Pay- able on and after January 20, 1873. Interest not withdrawn will be credited as a deposit. loney deposited on or before January 20 will draw in- terest from Januar f ‘Open daily from 10. A.M. to 8P.M., aiid Wednesdays trom 10 t0 7. mets 1. CONKLIN, President. rs and on Mondays _Hewny C. Fisner, Sect MO%EY, TO LOAN IN NFAY YORK, BROOKLYN, Westchester and New Jersey; .also funds to buy First and Second mor ‘ONE AND MORTGAGE ON A € BON M improved property in New York and Brooklyn. Apply to WILLIAM A. WHEELER, 115 ‘Broadw RIENTAL SAV INGS BANK, Grand sireet. Ls asia before January 21 receive interest from Jant- |, 8 John street, room. 7 ary | ARTIES WANTI iG MONEY ON BOND "AND Mort. gage on first class city property, oF wanting to sell Mortya box Na rN N » 48 BROADWAY, © Leonard street, New Yor, January 14, 1873, At the annual election for Directors ot this bank, hel day, the tollowing pamed geniemef were una ni ously elected —Daniel 8. Miller, us Beary John ©, Work, Jolin P. Acker, Bernard smyth, Charles J. Os: born, W. B, Palmer. “At a subsequent’ meeting of the Board Mr. Walter B. Palmer was unanimously re-elected | President. ___ GEORGE ACKERMAN, Cashier. ; EN Gs agigian veo if ber cent per annum, payable Januar: jeposits to the 20th of January bear Interest tru ne ipa OHN H. pdRe President. Davin Morcax, ‘Secretary. at HE COUPONS ON THE FIRST MORTGAG E BON of the Central Railroad of lowa, due January 15, be paid on presentation at the baking house ot W. Shattuck & Co., 28 Nassau street, . GILMAN, President. L MEETING OF THE STOCKHOLDERS jen of trustees of the Mariposa Land and will be held at the office of the Com- Wail street, New York, on Monday, Spanary, 20, olls to remain open from 12 to P ‘The oks will be closed from 1A, Me GARR WASTED—10 PURCHASE GOOD FIRST AND SEC- ond Mortgages; also Trust Money to loan on first class city property. £0, CODLING & SON, 114 and 1,372 Broad pany 873, the transfer SECOND M AG! r aie Columbia Colle; *y Mortgages. RD & LEAVITT, 54 Wall street. Money at once $5 (0, OO TO LOAN—IN SUMS TO SUIT, ON NEW ) York and Brooklyn property, without bonus. Money for second and leasenold mortgages. ‘ __A. M. JOHNSON, 160 Broad way, room 3. _ $400. 00 TO LOAN-—ON NEW YORK, Brooklyn and Westchester real gtate sums to sult; no bonus required ; term. of years. C, WILLIS, Montauk Insurance Company, 168 Broadway. $750. 000 TO LOAN ON IMPROVED PROP. oJ erty im New York, Brooklyn, New Jer- sey and Westchester County. Torta ‘only need ap- ply E, M. MASON, No. 1 Chambers street. Cc OPARTNERSHIPS. pDsserer LUTION OF COPARTN ERSHIP. NE Ww YORK Jan. 14, 1473.—The copartnership heretofore exist” ing under the ’& Chase Ix hereby dissolved rom this date: The businers of the late arin Will be sett as provides he part rw articles, needy WittaM MPLUOMER, NEW YORK, JANUARY Ws, 187.—THE ‘COPARTNER- ship heretofore existing’ between the undersigned, ¢ ot Bloomer under the firm name of Hawkins and Dickerson, is here by dissolved by mutual consent and the business will be continued by Edma 5 their old stand. 4S Broome stre against the said EDM ND Ae Die: )KERSON, 2 FIRM O OF KING & ALART 18 “THIS New York, Tea 1S, 1873. FIRM OF LEVY & FITZGIBBONS, eorge &. Levy and Maurice Fitzgit PETER ALART. THOMAS KING, POSED was oe BONS, day dissolve New Yous, Jen. 1, 1873. The above notice is wholly untrue. dissolved with the consent of the w New You, Jan. 15, 1873. ma) arm Was not Ohee , LEVY. H Ins 2) TD RSHIP or Ty Lt 7 “KURTZ AND wid en was this day dissolved by mutual con- sent. The busine: i be conducted in fusure by David Schmitt, Cabinetmaker and, Uphots Fer. 26 ag sigth ave- nue, between Thirtyirst and Thirty. second baie FH pears Jaxvany 11, 1873. DAVID SCHMITT, eee Hi Sis itt SAR The Opinions of Railroad Officials as to the Benefits Accruing from the New Move in Erie. The action of the directors of the Erie Railroad authorizing the issue of $10,000,000 of convertible bonds has given rise to considerable discussion in financial eircles. There are, of course, many and divers opinions as to the advisability of such ac- tion, but it is generally conceded by the leading railroad men that the laying of @ third rail was a necessity that was required in erder te develop the resources of the Erie Railroad. At present every railroad in the country is run on the narrew gauge with the exception of the Erie and Atlantic and Great Western, and consequently all the freignt coming from the West is transported with greater facility ovér the Pennsylvania Cen- tral, New York Central and other roads. It has always been of immense disadvantage to the Erie Railroad the necessity of shifting freight from the narrow gauge cars on which it e from the Weat to the broad uge cars. It is not only the ex- pense, but the loss of time, which made the change @ matter of decided impertance. It is also the intention of the management to lay adouble track over the Dover division of the road— an agp tent Nee has long been In contempla- tion, and which the ohnehe ta of the trafic naw warrant them in carrying In the opinion of rome. ‘nanclers the Erie di- rectors should have issued bonds for $15,000,000, instead of $10,000,000, as it is doubtful whether they will find the latter amount sufficient for the im; pect which they have in view. The wy ing the third rail, extra track on the Dover division, purchase of en? * and narrow Falling eens consideral re the SR eeeeie eran armas ‘as they are still bi will also shortly commence the 1a: aning of a third rail, 80 that when the work on their road and tho Erie is finished, every line in the country will have @ harrow gauge track. REAL ESTATE MATTERS. Activity in Tpvemuen eonice _by the Promised Rapid Transit—Lots Advanc- ing in Price Too Rapidly—The Cause Assigned Therefor—Real Estate Cen- tralizing Among Wealthy Owners Only—Pyivate and Legal Sales Effected. Since the assurance has gone forth that rapid transit is to be a reality tne real estate operators have shown great activity, and the impetus the trade has received within the past few days may really be ascribed to this cause. The present system of horse rathways might rather be called “snail-travel,” especially during such weather a8 we have experienced since the last heavy fall of snow. It is very well to own property in the upper part of the island and reside south of Forty-second street. To reach home one was compelled either to hang on toa car or stage, by the eyelids or walk the distance twice a day. Those lying beyond the last-named point were stil Worse of, from the fact that the steam cars could only be reached via the street railroads, and these were running only by fits and starts. Now there fs at least a prospect that. three rapid transit projects will be carried inte effect at once, and we have every hope that by the end of this year the New York Elevated and the Gilbert Elevated Railroads will be finished as far as 152d street, provided the promised constraction of one mile per month, made by these companies, is earnestly proceeded with. Although the exact routes which these roads will traverse are so far unknown, except by implica- tion, still property on the supposed lines has ad- vanced at a very rapid rate, in fact too fast for stability. Yet real estate men aver that lots in every part of the city, cast as well as west, are by no means too high, and will go up in price stilt more. The only argument used in favor of such an event is that the number of lots on Manhattan Island are limited, and after being once built up cannot then be bought at any price. Lots on the line and vicinity of Central, River- side and Morningside parks are mostly owned now by wealthy proprietors, who can afford to hold on» to them for an indefinite period, and to. this end axe matters tending that in a few years capitalists oaly will have full sway of every inch of ground above Forty-second street and retain it At for their own purposes, nr nee. eget Among the leading brokers a number of good sales were effected yesterday, but very few were made public, In numerous instances purchasers request that their transactions may be kept quiet, especially when the Le hty isa merchant, for fear , that it might be thought by outsiders that he ia, speculating in real estate. One of the largest’ negotiations coming under our notice yesterday was an one made for nine three story and base- ment paar stone houses and lots, located OM tad ghret st 160 feet cast of Madison avenue, for which & 4 round stim was refused. The owner demands $25, 000 apiece for these buildiny he judging from the lobation, being near Mount Morris Park, and as pro oper sells LOW, they are worth all that is demande BANE; Hleven Tots on the west side of Tenth avenue, between 103d, 104th and 105th streets, each 25x100 Test, Are reported sold, by A. Warner Platt, for $50,000, casi, A. ordecai reports the sale of a, three story louse on the east side of Third avenue and twenty-eight feet north of 119th street, 24x50x 80, for $20,500. An offer was made yesterday atter- noon for four lots on the northeast corner of Eleventh avenue and Eighty-seventh street, of $27,000, and refused. These same lots were bought only about three months ago for $24,000, At the Real Estate Exchange a Ma! numerous audience assembled yesterday noon, The biddi was spirited, and the property sold realized good rices, The following sales were held by the various auctioneers named :— 48 Ohio stone front Nonwe, n. & of Sth st., 390.t €. of Madison av., lot 20x100.5 tt. By order of Irv. ing G. Whitehead, referee, to Addison Kamack.. .§23,500 4, Ohio stone tront house,’ n. s, of 60th st., 360 1t. 6, of Madison ay., lot 2010.5 ti. purchaser. 4s, Ohio ston of Madison ay., lot. 20 referee, to Chas J. Osborne 19,400 4s, Ohio stone front house, n. s. of Sith’ st., B80 ite, Madison av., lot 20x100.5. Saine referee, to Chas. J. Osborne. a Same reivree and $s. frame house and . St, 201.3 ft. w. Of 2d av., lot 16:3x100.9, to A. Brown, plaintitt +34 5,000 36.8 3s. frame 8. Of 105th st., it. Ww. of to A: Brow. piaintif se, ns. of 105th st., 120 tt. tw A.” Brown, plaintiff i ft, s. brick on. 8. 8. of 105th st., 200 ft. w. 16.3x100.9 ft, to A. Brown, plaintiff. 4. J. BLEECKER, SON & 34, by house, n.¢. ¢. of 4th av. and 85th si 2.21, to D. RKendall, plainut $x. b.8 house, n. s. of Sth st., 22. lot 20x82.2 ft., to same purchase: 3s, bos, house, m, 8. of Sth st lot 20x82.2 ft, to same purchaser MUNICIPAL AFFAIRS. Wi pee An Address to Mayor Havemeyer. Yesterday afternoon a delegation from the Coun- cil of Political Reform waited upon Mayor Have- meyer, at his offices at the City Hall, and pre- sented him the following address, to which the Mayor briefly and appropriately responded. Senator Tiemann presented the address to the Mayor :— To Wigaam F. Havewryer, Mayor of the City of sow York :— Ste—It is with no ordinary feeling of pride and pleasure that we congratulate you upon. Cine sion to the chief magistracy of the city; pride as citizens of a com- huerciniemporiam, excelling In wealth, intelligexee and enterprise; in seeing at the head of the municipal gov- ernment a citizen experienced in affairs and identified With the progress and good name of the city: pleasure in the contident belief that you will introduce @ Tous strative economy, honesty ub licity into every department of the city governmen’ thatitshall be curried on upon the same wise and fuse, principles that characterize the business of an upright aod successiul merchant. Council of Political Reform will do all in its power tain you in such a course, are aware of the difficulties and embarrassments that will arise from active and Ree | political oreaniss tions, who, as heretofore, will seek to make the public interests secondary to party and personal ends. You know well how great have been the evils to the city arising from the attempt of the Cie on ities to build up and sustain mere party dom: to what a depth ot fraud, crime, corruption and dept the city government fell before the citizens, irrespective of political party, could be aroused to their duties and the assertion of their rights as the real rulers of the metrop- olis, Partisan clamor will, as heretofore, demand much that the public interest torbids, and while pretending to favor reform it will often embarrass executive action unless enrried out through party tools and for party aggrandize- ment ‘The Council of Political Reform ask from vou that the cause of reform pret Rot be sacetoced to promote the su pores interes an, tical party. tee placed in the Feorcanized departmenite men y oP inten a vind re Fesponsibilit hose ample eee ber recognized by the public and co mand ‘The measures of retrenchment and of fmered which must come ap. for cite a a t decisie rily call ior the exercise of all yo wi Jom, and in their effects will reach far Mut the the Wet take this occasion to promise you our hearty co- operation, and to tender to you the assurance of our Roqeet pee oqnees oo ew Youx, Jan, Al of Political Reforia, rages OWN ML U, NLILSON, President . Berns, peretary” vacua OF THE INSPECTORS OF ELECTION. Comptroller Green has ordered the offices of the County Bureau to be open until nine o'clock at night during the remainder of the week, for the uurpose of giving an opportunity to those Inspec- Pore or iection to receive their pay who are un- able to attend Gonag Hee the day. STEALING WOMEN FROM WARD'S ISLAND. Monday morning James ¢ Connors, of Peck slip, missed @ yawi from the landing. Search bemg made it was traced to Astoria and the following persons arrested:—Thomas F. Marphy, aged twenty; Michael Knowles, aged twenty-three; John Ridley, aged twenty-two, and John Slavin, aged nineteen, They were taken before Recorder Parseils, but not coming under his jurisdiction aud the New York authorities not sending for them, they were yesterday discharged. They pay ies 4 were he ony bend to run women off of Ward's Islan with wh the dens on Water street. A Jew articies oi clothing are taken along So that the women may be ‘The Recor- der has @ frock and @ woollen 3 ‘oun? he says, the owner may have by calling for Te