The New York Herald Newspaper, January 17, 1873, Page 9

NEW YORK HERALD, FRIDAY, JANUARY 17, 1873.—TRIPLE SHEET. : INANCHAL AND COMMERCIAL, The Money Market Easy and Steady. THE QUOTATION 6 A 7 PER CENT. The Bank .of England Rate of Discount Unaltered. Consols Better, Eries Lower and Five-Twenties Firm. An Advance in Gold and For- eign Exchange. * Is There a New Clique in the “Gold Market? Activity in Government Securities and Railroad Bonds. The Flow of Capita! Into Reli- able Investments. Revival of the Speculation in Pacific Mail. | WALL STREET, } TuuRsSDAY, Jan. 16—6 P. M. On ‘Change to-day cotton was quiet, but about fteady. Flour was in demand and firm. Wheat was slightly better, and corn remained dull, but unchanged. THE GOVERNMENT GOLD SALE. ’ ‘The bids for the government gold offered for sale at tne Sub-Treasury called for a total of $4,915,500, at prices ranging from 111.51 to 112.52 ‘The award was made at the latter extreme, which was bid for an entire million. THE FOREIGN MARKET. The London market was better for consols to the extent of 4 per cent and firm for United States ) securities, although the Bank of England made no further reduction in the minimum rate of discount, which continues to be 4%, per cent. The Bank gained £214,000, say a million dollars, in bullion during the week ending this forenoon, In the Open market three months’ bills were quoted at a smaller concession below the Bank rate, which fact has been taken to indicate that money is father more active in London. Erie shares were ‘weaker and declined % per cent, to 48%, equiva- lent in our currency to about 60 French rentes ‘were buoyant and advanced 23 centimes to 54.50, MONEY EASIER. ‘The money market was easier and ranged from 6 to 7 per cent for actual business, with the closing @ealings at 6 per cent on stock collaterals. No transactions were reported at above plain 7 per cent, while money at one period of the afternoon ‘was freely offered at 6 per cent. Mercantile paper 4s slow to reflect the relaxation in rates on call, nd remains nominal at 8 a 12 per cent discount for first class names. Foreign exchange was Grmer, and the prime bankers advanced their rates to 10934 for sixty day and 110%; for sight bills, allow- * ing a generous commission or brokerage for round @mounts. | GOLD STRONG—112% A 112%. The gold market was strong and advanced to 112%, its action yesterday and to-day indicating the existence of a speculation for a rise, which the parties interested have so far concealed with re- arkable success. At least itis impossible other- ‘wise to explain the inconsistency oi the movement Df the gold premium, especially as the lower ruling of the foreign exchanges and the buoyancy of our Becurities in London ought to exert an influence Bhe other way. The foreign bankers, whose in- Werests are usually allied with a dec ue in gold, frankly express their belief in higher gold during the interval to next Summer, but at the same time ’ exchange is below THE SPRCLE SHIPPING POINT, end is hardly likely to rise to it again this season, g@niess another snow or ice blockade or a recur- nce of some contingency like the horse dis- per should once more clog the wheels of com- Merce and check the internal and external move- ment of our exportable merchandise. The plump bid of 112.52}, for the government gold had very much the appearance of a speculative stratagem to help the rise of the market, especially as gold ‘was offered at 112.50 in the Gold Room all the avhile, and could have been readily bought at that Ogure to the extent of several millions, The de- wice had the effect of putting the price to 112 pgainst 112% earlier in the day, but the advance brought out sales, and the market closed at 112% @ 112%. THE SUB-TREASURY \* paid out $366,000 on account of interest and $7,600 on account of redeemed five-twenties. Tae course of the market is shown in the table: - 2, eee nae In the gold loan market the rates ranged from 6 per cent for carrying to flat for borrowing. , The operations of the Gold Exchange Bank were THE RAILROAD BONDS. “The railroad bonds were strong and active, trans- ‘actions at the first call making almost as much of ® display as the dealings in shares. It will be Doticed by the record below that bids were made for almost everything on the list. New York Oen- $ral sixes, Of 1883, advanced to 93, and Cleveland ,and Toledo sinking funds to 100%. Union Pacific incomes were firm at 78, but the firsts amd land gtants were @ }; lower, while Boston, Hartford and Eries declined to 41. The last mentioned are being depressed for speculative purposes. The following were the bids at the regular call as amended by here perl dealings :— Hy = = é e $ be Seer Hi Eg = ist a 3d . =e = sain +d 3 S22 = 2 é ; Bi ee e: B Bis ia. w ki Chic Ist... 103% etre: adm. 85 * =S3 rest S S. “335 fs bo ze TYetolst-4 4 ws S 2m, Dav Sioux ony" Ise Peninsula Ist m, con Re Louis's TromM tat ii 3 Mia st Paul's tet m. 108 Mil & St Paul Ist Mil & St Paul2dm Col, Chie & Ind ¢ “i: Col, Chic & Ind C 2d my 74} 0 NYaN Bost, H & Erie 7's, st m a1 Bur'O RAM Ts, ls g. B84 ‘The coupons of the first mortgage bonds of the ‘Central Railroad of lowa, due January 15, will be gaid by W. B. Shattuck & Co, 23 Nassau street, a SOUTHERN SECURITIES DULL. Tye Gouppora Siete Woude wage dauh and fog the. general list quiet and steady. The Tennessees were exceptionally weak and lower. ‘The fol- lowing were the closing quotations:—Tennessee, ex coupon, 78 a 19%; do., new, ¥9 @ 80; Vir- ginia, ex coupon, 45 a 50; do., registered stock, old, 36 a 42; do. sixes, consolidated bonds, 55% a 55% ; do. do., deferred serip, 15 @ 16; Georgia sixes, 71 a 80; do. sevens, 87 a 90; North Carolina, ex coupon, 83 a 334g; do,, to North Carolina Railroad, 58 a 60; do., funding, 1866, 25 a 28; do. do., 1868, 24a 27; do., new, 18 @ 20; do., special tax, 10 a 1: Missouri sixes, 92% a 9344; do. Hannibal and St. Jo- seph, 89a 91; Louisiana sixes, 50 a 56; do., new, 50 @ 54; do. levee sixes, 50a 55; do. do. eights, 60 a 70; do. do. eights, 1875, 50 a 70; Alabama eights, 85 a 88; South Carolina sixes, 40 a 50; do., new, January and July, 22 a 223g; do. do., April and October, 22 a 2534; Arkansas sixes, /unded, 35 a 42. GOVERNMENTS BUOYANT. The government list was bucyant at a further advance in prices, the most conspicuous improve- ment being in the '67’s, which rose to 11544 a 115%. The increased strength of the market would be re- ferred to the higher price of gold did not the cur- rency bonds also share in the ad’ Muence was not, therefore, the ex work, but was helped by the demand tor bonds, both on private account and for foreign export. The demand from domestic buyers is steadily on the increase with the relaxation in the money market, illustrating the amount of capital which at this season is seeking investment, a fact {further confirmed by the demand for railroad bonds, already adverted to in the preceding portion of this article, With the currency sixes at 11444 and the '67’s at 115%, itis quite evident that this capi- tal is CONTENT WITH FIVE PER CENT interest, The activity in government and railroad bonds is in striking contrast to the dulness in railway and other stocks, The following were the closing prices:—United States currency sixes, 1143¢ a 1144; Go. ao., 1881, registered, 115% a 11534; do. do., coupon, 1163, a 11654; do. tive-twenties, reg- istered, May and November, 113% a 1183; do. do., 1862, coupon, do., 114 a 114%; do. do., 1864, do. do., 11455 @ 11434; do. do., 1865, do. do., 115% a 115% ; do. do., 1867, registered, January and July, 114% a 115; do. do., 1865, coupon, do., 114 a 114% 3 do. do., 1867, do, do., 11534 a 115%; de. do., 1868, de, do., 115 a 115%; do, ten-forties, regis- tered, 110% a 111; do. do., coupon, 111 a 111%; do. tives of 1881, registered (ex interest), 110}; a 110%; do. do., coupon, 111% @ 1124. STOCKS DULL AND STEADY. The stock market was dull in its general fea- tures, the indifference of the specuiative element being quite disappointing to the theorists who Predicted an active movement upon the advent of @n easy money market. Certainly the latter con- dition has been fulfilled to all intents and purposes so far as the street is concerned, anything below 7 per cent being a matter of concern with the brokers, and not with the professional class of operators, whose accounts, always carry the full rate of interest, whatever may be the rate on the sidewalk or at the Board. The market, while steady in the average results of the day’s changes, was irregular in ius details, Western Union, Union Pacifle and New York Central being firm and higher, while Pucific Mail was correspondingly weak. Indeed, THE MONOTONY of the day was relieved at a late hour by a sudden active deciine in this last stock, which broke to 6934, the lowest point reached since the ‘“switch- back” movement from 103%. The ‘bulls’? and “bears” had indeed a desperate contest over Pacific Mail in the last fifteen minutes of business. During this time sbout twelve thousand shares changed hands at 69% a 70, the reaching of which quotation was the signal for the execu- tion of a‘large number of orders to buy, as well as to sell, the latter being what are technically known as “stop orders.” The activity was attributed to @ new deal among the Pacific Mail operators in connection with the prospects of the ST. DOMINGO movement, the President of the Samana Bay Com- pany being also the President of Pacific Mail. One rumor had it that the price was to be de- pressed several per cent to enable the Stock- well party to tuke a fresh departure, and another represented that the contemplated St. Domingo extension or complication of the operations of Pacific Mail had disgusted the more conservative class of stockholders, who sold out of the concern in consequence. Erie fell off with the downward course of the London market, but recovered % per cent later in the afternoon. Central seemed directly influenced by the closing ease of the money market, as it advanced to 10234 subsequent thereto. .The continued recovery in Union Pacitic was A FURTHER SURPRISE to those who had speculated for a decline on the expectation of depression to follow the action of Congress in seeking to withhold the money earned for government transportation service, the sales advancing to 37, which is about the point from which the decline on this account started.. In the rest of the list the changes were within an average limtt of 4 percent. The shares of the reorganized Mariposa Company advanced to 25 and Michigan Central recovered to 108. HIGHEST AND LOWEST PRICES, The following table shows the highest and lowest prices of the principal stocks during the day :— Highest. Lowest. nee. York Central « 102% 101% Erie... 61 59% Lake Shore 925 Northwestern. 3 0 transactions.) Northwestern preferred. . 88 88 Rock Island 110% St. Paul.. 62% St. Paul p Ws Ohio and Mississi pp! Union as ass c, C, and 38% a8 Western U ion ‘Telegraph. 83% 823, Pacific Mail.. Ms 69% In Philadelphia Reading was strong, and ad- vanced to 114, hb SALES AT THE NEW YORK STOCK EXCHANGE. Thursday, Jan. 16—10:15 A. M. $2000 U U8 5:20, ¢, "62 Tao Us ba FF : sem, C, Wi. e3 115g * sg do.. b3 15/5 10 A. M.—Before Cah. 100 shs Frie RR 300 do. 19 shs Pac M88 Co. H e iicig Ri 100 B 10 Ohio J MR First Board—10:30 A. M. 11500 Va 6's, con ners MS8Co.be OOLO Be Bs, a Jn& Seseens ems eal ins gan lis 5 Fe iS = sassee Sss'¢_== = B = 3% bean tM ©, 65, nc 113% | 2 do. ps ng | 100 300 os 400 . 200 N Cen 100 ims ace $00 x Co. 100 10) 92 . 200 7 200 Satie 300 bd 100 West Un Vei 50 % do 300 36 500 36 200 36 400 36 100 3644 600 36 500 363 500 36 ‘ROO 36! 200 36: 600, 36 200 1400 36 500 1900 368 200 500 1 100 400 do. 12:15 and 2:15 P. $10000 USS 5's, 'S1.r xin 110% # US 5-20, 19000 DB 5.20, ©, "62 DOUS 6's, cur do. 40000 do. 15 4 ia 12:40 P. M.—Before Call, Osho 8 &M 8 RBS 6 do. 923 Second Board—1 P. M. J 4 shs Chic & BI BR. 30 muses 0 Brie x do. 10 shs Metropolit’ 400 New Cen Coal..be ra 1200 100 Mariposa, 100 Mar Lid & 2000 Pac MS ‘yoo do. Joo Del, BA a Wh iit aid 95 100M, K & * 1400 Ohio & M_ RR 700 do. di 100 di i, 0 St Louis & 1 2330 to 4 P. M. 300 shs Pac M St » 4700 a 10 shs New. pe) do. 300, do. OLS &M 200 di Tay) Bost 100 do. 20 do. 200 Ohio & 400 do. Diss do. do. 100 2 8 CLOSING PRICES—4 O'OLOOK P. M Western Union. SNe a 4 Ro New Mariposa. z fic Mail. y Central. Beles Lake Shore Union Pactti Northwest'n pi. N J Central... .10L COMMERCIAL REPORT. oy a Ws Cotton Steady; Receipts at the Ports, 21,965 Bales—Flour Firm—Wheat in Demand and Firmer—Corn Dull—Coffee Excited and WHigher—Sugar in Bet- ter Demand—Petroleum Active, but Lower—Spirits Firmer—Rosin Easy— Pork Nominal—Lard Firmer—Whiskey Lower. THURSDAY, Jan. 16—6 P. M, There was but little change in commercial affairs | to-day, the markets being for the most part quiet and steady, Cotton was quiet and active. Sales were light. At the Produce Exchange a rather better feeling pervaded the markets and there was some improvement in prices as well, Flour ree mained firm, thongh comparatively little was done, Wheat was in more demand and there was a freer movement, under which the market ruled firmer. Prime wheat was taken for shipment at full prices and the market closed strong. Corn remained dull, and prices were nominally un- changed. Oats were likewise unchanged. There was a freer movement in whiskey, but on the basis of lower prices. There was but little change in the market for provisions, if we except lard, which was more active and higher, both on the spot and for forward delivery. Freights and charters were without change. The offerings of freight were moderate, but rates were firm, There was an active movement in petroleum, but on the basis of lower prices, the market closing heavy at the de- cline. Spirits of turpentine was firmer, and the market closed strong. Rosin was only in light request, and a shade easier. The coffee market was ex- cited and decidedly firmer, owing principally to the loss of the Erie. Sugar wasin better demand, at full prices. Corrrx.—The market for Rio was very strong and somewhat excited, in consequence of the loss by fire of the steamship Erie. Prices have advanced from le. to Lie. per Ib. on all grades, and even at the improvement there was a continual good demand. An invéice, sold to a city merchant on the 8th of the present month at13%c., 90 days, was resold to-day at 19%c., 60 daya. Aside from that we heard of sales of 4,060 bags, ex August, on pri- vate terms, 800 do., balance of the Egypt and Spain, on private terms, and 3,60 bags, ex Sjogastem, at Hamp- ton Roads, alsoon private terms. We quote—Rio—Ord- nary, cargoes, I7%e. a 17%c.; fair cargoes, 183¢¢. a 18%, ; good cargoes, 19%. a 19%e. ; prime cargoes, Wc. a 2c. extreme range for lots, l6c. a 19¢., a) Y gts © a Wday: credit. J governinent bs ri ngapore, wth ivion; fee. & 180.5 uayre, 163¢c. a ‘Hoe fss 1 Bt Domingo, 160.5 C I7}4c. jAmgostura, eigen nities: Curacoa, 16. t for spot orton wes dull, but mn- demand from exporters’ at low ries were unustally steady, but les sum Up As fullows:— oat Thtge, ‘ate 3 April, 300 t, 2) 9-820. ; May, 100 at 20 ie. 98,2) Rite.+ May, 100 0 Ie. pat 19840. 100 at Toon 200 at mo 9ig0. (hart vats 2, at + thlsest March 400 nt 20 b 16. at Figi fae. Total, sepuery ae 100 at 19 9-16¢., 500 at 21,965, ‘Tplsday | last week, 18,015 bales. ‘This day last year, 14,193. We quote “on S : A gr Ordinary. i nds, none, New leans. “- y 9 Btrict food tera y i iy 19% Low middl rt 20 a acne ai PY Fi 3 Ooies cussatinns sia based oh oot n in store, runnin, Aa quality not more than halt a grade ‘above of below the grad ‘quot VLour ax GRain.—Receli ta. Flour, 5,201 bbls. ; whoa usb bates corn. 1,000 do PE corm moet aM bits’ aud O08 S14 825 bushels; barley, TaN) 'de the: Hour ct raaled ‘firm under ‘a moderate demand from the trade and for export. The sales, including all kinds, aggregate 15,100 bbis., at prices within the range of the aunexed quotations. Corn meal was quiet but the Bose ine. ‘We quote tate ao. Ba 17 Ta 82 2a 665 Wa 750 Oa 950 2a 760 00 a 900 mily. 00 a 10 50 St. Lois low extra. 0a 8 50 St. Louis swaight extra. 50a 9 00 St. Louis chotce double extr 50 a 10 50 Bt Touts cho 5) 13 00 , 00 a 10 00 5) a 6 60 50 4 5 6D Southern superfine. - 00 a 675 Southern extra. 25a 9 00 00 12 50 45a 350 60 a 8 65 95 4 400 00 fo. b. 6) a 365 50 f. 0. be 1 —Wheat was in betier demand and firmer, The sales were about +0,000 bushels, mostly, inferior Chicago, at i 94.8 $1 5444, but including No, in store; white Gi were Bo ninal, Corn was ‘aul al about Ghar a Gosce Ter old mixed float, ‘The sales were hoi 100) bushels, at U3ice. a be. for old, in ‘store, and 60i6¢. a Oc. for new Western mixed. Yellow and white were hold nominal'y as be‘ore, Oats were in fair re- quest at steady prices, Sales 35,000 bushels, at Ge. tor Choice white barley oats, Hc. a dhe, for inferior to choice Pile, dea Sao. tor new’ black State and Western, and wy mixed Western, Barley Sales 10, Dustiels. at Rhona we Tor state nnd $l. a BL Uli tor Went. orn. | Rye continued dull and nominal. Freidurs.—For berth treights the market was dull and rates slightly favored the shipper. ‘There was a fair busl- ness consummated in vessels for_charte: iy Vious rates. ‘The en salt 22 wh regi ar tons, ity to Cork for. ‘ore dens tothe United Kingdon, with peivitexe of grain at 7s, or petroleum at és, Norwegian bark, to arrive, 300 tons, same voyage and conditions: a New York bark, irom Philad to Bremen, 3,400 bbls. refined petroleum, 6s.; 0 Bultish bark, frome. to. Cork far orders to the Unlied. Kingdon 1) bbis. refined di a North a German par! ‘do. to a Baltic port, 3,500 bis. refined do. at 7s. Several other charters were pending, but not closed at a late hour, MoLassxs.—Domestic meets with a moderate jobbing der ile foreign was neglected and more or less Sales 60 bbls, of New Orleans at from 59e. a 60e, nominal, We quote Old Crop, New Crop. Cuba, centrifugal and mixed. Me. a —a— Ouba, clayed . We. a Be. —a— Cuba’ Muscovado, refining Rea oe. a ba Muscovado, grocery Porto Rico. 25e. a B8e, market tor spirits turpentine was dvr leas liberal ouoriuge CAG the 6c. Tho sales compris Hgc., 95 bbls. in lots at 6344 100 bbis. in shipping order at 64e, Rosin was shade easier. We note sales of 80 bbls, of blac and 100 bbls. No. 1 at $4 ined quoted at $3 80-0 $3.85. We also note pitch at $fand 50 Provisions of tar at $3 90, free on boar Prrnoukum.—The market for refined was irregular, un- settled and lower. Quite a large business has been trans: acted during the past three days for February, March and April delivery. ‘The sales are said to aggregate fully 40,00) bbls, at trom’ 2c, ., closing to-day at 2lo. for at $3 oo early delivery and for’ future. | Crude in bulk was’ about steady for prompt delive during the past three days $20.00 bbs. Cas eteand quoted at 2%. Naphtha wy sq for Western and about the market continued easier: quoted on the r, $2 Wa $2 15 0n the ld The Philadephia market uoted nomina: ye ed at Iie. a tbe cy. At. the prices were again at 32 15 a $2 20 on uppel and $2 30 a $2 35 at O11 C ithe remained dull, Refined wa: balance of month. Later w of 1,000 bbls. refined, for pro 10,000 bbls. do., for first 20 days in June, ket closing tame and tendin vat I le., and at 2e., the mar- ‘bola: beef, 152 d, 2,806 bbls,” and The market tor mess ned dull and entirely nominal, quoted at $1375 a $1380 tor spot or mainder ot month. Bacon was in good d market firm. Several important transac! {ng, but not definitely fixed up to the clove of We note sales of 650 boxes long clear at 6%c. a 7c. and 400 boxes long short clear for March at Tye, Dressed hogs were a little more sought after and a ie firmer. ae guoted, at 5c. a Oe. and Western at Ske. 8G Beet was in ted = jobbing request, bat otherwise the | mar! was quiet. quote :—New plain mess, $10 a $12; do. extra mess, $13 a $14; do. prime mess tlerces, $21 a. $22: and do, India iness tlerees, $23.0 825, | Beet hains re- ined quiet, 5) bbls. of Texas brought $30. Cut meats— market was quict, but prices’ were without change. We heard of sles of 6) at 11%. and 200 boxes pickled be market for Western was again firn packages smoked hams of 500 tlerces at 8i4c. ¢! that price at the close were :—1,000 tlerces ft and 600 tierces for equest and firm at April at Awe. ity lard was in gor ‘he sales foot up ic. 07740; for No. 1 and se. for steatn, gi 58! iteroos. cd demai The stock is light and considerable pur chases are made to arrive even at better prices than The sales foot up about 65 tierces of those. uppenc ini a 9e. and 175 bags of Kanioon at 6c. a "Wiranm-Cthe: darend. for.reerh and the market was firmer, with any material change In prices. been 251 hhds, of new crop muscovado at.91c., 660 do. of | Martinique at 8%c., and 361 boxes of clayed at. 9. Refined was in’ fair request at unchanged pric We quote :—Cuba—Refining, inferior to common, 34 8Nc.5 fale to wood falr, Se. h Bye. Kool to prinie, 934 i gprocery, fair’ to good, ‘940. a 934c.; prime to cholee, Nec. & Wye. japeinues,, h id, «i boxes, 9c. a Hlc.: molasses, hhds. and bo Batch Ye. 1 He melad, Asie. B h standa: Jay ati Superiorand extra superior, 7c. en — market Was quiet, but about steady, at fo. sue ‘Kirow,—The market was firm at 8c. 08%. for me- dium to choice, with sales of 65,000 Ibs. within the range. WHiskry. Receipt 454 bbls. The market was active, but at }¢c. per gallon lower prices. The sales foot up 500 bols. at We. eS ERE DOMESTIO 10 MARKETS, ~~ Gauvestox, Jan. 16, 1873. Cotton steady; good ordinary, 17c. a 17!¢ Net receipts, 2,276 bales, sxports coastwise, 915. Sales, 1,000; last evening, 1,000. Stock, 75,919. ew ORLEA Cotton—Demand slack : middling. 7,074 bal TOSS, ‘Xports—To Grea to the Col renee L ay: coastwise, 1,101. py eto, yo] evening, 6,200. Stock, 163,011. Monit, Jan. 16, 1873, Cotton steady; good ordinary, 1754 iniddiings, Letiera ISigessiidanings, Idige. Nek Fe Exports, coustwise, 629. les, 800, Ste Savanna ‘Fan, 16, 1873, Cotton quiet; middling, 19340, Exporucto Great Britain, 2035; to the Sales, 1,080, Stock, 77,632, CHannestox, Ja Cotton duit ana nominal; middlings, 19}4¢. 0 10% recelpts, ales. Exports to the Continent, 1K Sales, 200. ‘Stock, 45,323, IcAGo, Jan. 16, 1873. Flour—Demand good at full prices ay heat active and higher un: led ; sprit Teper . 8] spot, $1 Bh pale may No.3 pied 's10 irig a Per ‘J rej je Bet No. {Spring nominal. Corn quict and shade: fonei Js 2 mixed, Bsc. ae NPAC Fel ts, 3,541 bales, . UVETAKEK in spot. Bulkmeats steady; shoulders, a rib middles, 5%c. @ 5¥e.; short clear midd loose. Bacon very dull and quiet, but firm! Dressed hozs active and higher at $4 50 a $4 60. hiskey uiet and unchanged ALSBIsc. Receipts—4,000 bbis, jour, 24,000 bushels whea: do. corn, 36,000 do. oats, 3,000'do. rye, 10,000 barley. Shipments—5,000' bbls, flour, 7,00) bushels wheat, 1,500 do. corn, 17,000 do. oats, 15,000 do. barley. Burrato, N. Y., Jan. 16, 1878. Hereafter, during the season, imports aid exports will only pe given once a week. Flour quiet: Westerm Spring, 725 8 $8: amber, $5 0) a $9 251 white, $9 0) & $10. if drracrt No. 2 Mitwankee Spring held at Sis Now'2 Chieago Spring, $145: very few sales reporte Corn steady; sales ot in car lots at 58e.; Geant ackvat Oae,, Osis nominal fie. No, Toledo, 42-5 But Uttle doing: Barley strong with an advancing tendency j gales 6,000 bushels two- 793 00 bush els Western, er sample, at “parley mate io. 2 Western, ie quiets stern, $1 'o. 2 Western, ira 81 15; prin a $1 15; ‘a $1 25, the riicles sinchanced ae We. $la Shands, $1 Flonr steady; sales 1, 00 bole ae Hy wo. faa 5) for amber Winter, $1 25 for white Wint jouble extra. Wheat firm, but quiet Club is held at $1 Corn steady and unchanged: meal, $1 30 for bo feed steady ; shorts $23 ver fon, to Bostot 16.79 1873, ring, f $1075, toe Milwaukee igh to New York, Ode. ; 10 Albany, Bho. EUROPEAN MARKETS, Loxpon Moxxy Marxrt.—Lonpon, 6-5 P.M. Consols closed at 92a 9245 for money oat 92% ay for the account. American securities unchanged. Erie Railway shares, eas United States five- “nega Pen Pigl4 345; 1867's, 9%; ten-forties, ve8, co Pius Borusm Panis, Jan, 16-P. M.—Rentes closed — S0e. (aba Corrox Market —Livenroot, Jan. 16—5 P. M. ttom closed dail, Peli 4 uplands, 97,4. @ 10d.; middling Orem l0%4d. Sales bales; speculation and export,2,004 Of the sales ) bales were American, Three thousand hg ee ed and ene ma oJ rae of American cotton, New Orleans, were lard Eyparpe Bri Sberorre MaRKer. —iwvenroan’ 3 San 16 M 5 P. M.—The market {s quiet. pave 0OL Puonuce. Market.—LiverPoon, Jan. 16—5 P. M.—Spirits petroleum, Md. per gallon. Lownon Propeck Marxkt.—Lonpox, Jan. t—Evening.— Linseed ‘oll, £33 10s. t Prrrounum Maw ‘SOM. for fine pale Americal +> + BINANCI Aly MONEY. To LOAN oO! BOND. A AND MORTGAGE in New York, Brooklyn and New Jersey. Princi- SAMUEL 8. WOOD, Jr., 155 Broadway, new jan. 16.—Peiroleum, A. pals only apply to OUND BUSINESS MAN DESIRES INVESTING fo, Se ap peplishes business and has $15,000 to ry apply to ‘cine. G. DABLdREN tis Broctway. A‘ BUY aoe eae apa MT apply, with p ‘The market for Carolina continued firm under a | . | Made public, but other brokers have negotiated bonds, | 7g LOAN, ON BOND AND MORTGAGE, $3,060 for improved property, New York. 10,000 for improved property, New York. 15,000 for Improved property, New York. 40,000 for un iiproved property, New York, 8 for improved or improved property, Brooktivin on for how York secon wiortgasex ____ CALLENDER & LAURENCE, W0 Pine street, ber! PAID FoR BONA FIDE COMMERCIAL AFAPER. Address, stating amount, drawers’ and endorsers’ Herald om —— due and price asked, CAPITALIST, box 191 (OMMONWEALTH OF VIRGINIA.—PAST DUE Coupons of the Consolidated Bonds wanted; also iS Consolidated Registered Stock. SB TANNING, No. 5 Now streot, EPOSIT TO-DAY 1N THE SAVINGS BANK tered by the Uni SEND FOR CIRCULAR. “185 BLEECKER STREET. ASSETS OVER $4,000,000, Be UTOR'S FUNDS TO LOAN, $155,000 ON FIRST 4 class Real Estate in New York city. Also Funds to make Building Loans and to buy Mortgages. Address ATIC box 319 New York Post oft [StERESr ON CITY STOCKS.—THE INTEREST ON the Bonds and the city of New York, due February 1, 1873, v don that day by the Gham- Dberlain, at bis ince, in the new Court House. iii ster rusts (Fanat will be closed from January 6 to Feb- ANDREW H, GREEN, Crry ov New Yors, Derantiunt oF FINAN uxn’s Ovriex, Jatiuary 2, 1373. AY COOKE, M’CULLOCH & CO. 41 Lombard street, London, Foreign Exchange, spa mptroller. JomPTROL- mmercial Credits, Cable Transfers. cllers available invall parts of (the world. JAY COOKE & CO, 20 Wall street, MPENTH NATIONAL BANK, 348 BROADWAY, CORNER Leonard stroet, New Yorx, January 14, 1873, At the annual election for Direciors’ot this hank. held this day, the following named gentlemen were imani- mously lected: “Daniel S. Miller, Rufus Story, John O. Work, John P. Acker, Bernard Smyth, Charles J. Dorn,"W. B, Palmer. "At a subsequent’ mectin Hoard Nr. Walter 8. Palmer was unanimously Giocted Preside: of GEORGE ACKERMAN, Cashier. HIRD AVENUE SAVINGS BANK.—DIVIDEND, 6 percent per armum, payable January 20, Deposits to the 2th of January bear interest trom the Ist. % OLIN H, LYON, President. Ay" HE, COUPONS ON THE FIRST MORTGAGE BONDS of the Central Railroad of fowa, due January 15, will be paid on presentation at th bahking house or W. Shattuck & Co., 23 0 GILMAN, President, HE ANNUAL MEETING OF THE STOCKUOLDERS joncan, Secretary. for the election of trustees of the Mariposa Land and Mining Company will be held at the office of the Com- nan: I strect, 20, New York, on met Januar, a7 the polls to remain open from a transter books Nid be closed from January 22, 10 A, GARRY ANTED—FIRST AND a fair discount; also AVITT, 54 Wall stree 0 Money at once. SAWARD & WANTED—FOR ‘TWO YEARS, ON FIRST 400 acres, upon whi ‘larktown) jituate ity, lowa. $7.51 ‘ess C ARKTOWN. id of ies ‘he 19, 2°P.'M., to RDON, Secretary. OND MORTGAGES, AT in College Mortgages. CASH WANTED—T0 SUPPLY RETIRED capital in the manufactur “i Sere L oteetd this city; business well established its averaging per cout. ‘Addres box 178 licrald TO LOAN—ON IMPROVED PROPER- oe). O00 ty. in New York and vicinity, im sums of $5,000 and upwards, GEO, GOOD, 162 Broadway. $750,000 erty "nS Ca ‘sey and Weste! nesite county, Principals only need YM, MASON, No. 1 Chambers street. pre onic COPAE ISSOLUTION. OF 73. —01 NERSUIPS, 20PARTNERSIIP.—NEW YORK hip heretofore exist” & Chase is hereby 1 the late firm hip articles. . BLOOMER, PARTNER. undersigned, ji WILLIAM | NE JANUARY 1, 1873,—THE ship hi » existing between th j Hinder the sir name of onsisting of Bi Frankhn, Osear W, Dusenberry, dnd “Benjamin W. Fowler, is heret ed, and the business will be | continued ‘under the firm name of Franklin | sisting of James at the sume location, 46 by whom | all debis and demands of and eatin the said: en. will | be settled and liquidated. WIN. | W YORK N sw YORK, JAN. i, 1873. copartnership existing between the subscribers Geo. W. Blake & Co. has been dissolved by mutual consent. — under the firm name of GEO. w BEARER. A new partnership has beer under the firm name of Bla GEO. W. BL. JOUN SHOT RTNERSHIP OF HE CC JULIUS KURTZ AND | David Schmitt was this day dissolved by mutual n- | sent. ‘The business will be conducted in future by David binetmaker and Upholst ween Thirty-first and Thirty- Janvany 1, 1873. ++ REAL ESTATE MATTERS. Diebonrcencbulers dee A Few Good Salcs of Property Made— Public and Private Transactions Yes- terday. A busy time was had yesterday among the real estate brokers—not so much in effecting sales as in answering inquiries of callers who were either buy- ers or sellers. A number of purchases were made on private terms of improved and unimproved property, among which was a plot of ground, alto- gether about five lots, located on the south side of Seventy-seventh street, 59.2 feet, 350 feet west of | Eighth avenue and 64.8 feet front on the north side of Seventy-sixth street, running from street to street, sold by Mr. John S. Pierce, of 106 Broadway, for $36,000; and a gore lot, by W..H. Raynor, situ- ated on the southwest corner of Ninth avenue and Eighty-first street, 37.8 on Ninth avenue by 1322 feet on Eighty-first street, b X25 feet, oppo site the Central Park extension, known as Man- hattan square, for $14,000, These are the only sales property, the particulars of which cannot be pubd- ished at present. At the Real Estate Exchange | there was not much excitement, the only attraction | being a Supreme Court sale, by order of G. Irvine Whitehead, referee; Hugh 'N. Camp, auctioneer, of the following property : — One four story Ohio stone front, high stoop house (uniinished), on the north side of Fifty-ninth street, 91 feet east of Madison avenue, lot 16.5X100,5. feet, to Fernando Wood, for $15,200, One four story Ohio stone, nig stoop house (un- | finished), on the north side of Fifty-ninth street, 105.8 feet east of Madison avenue, lot 16.8x100.5 feet, to Fernando Wood, for $17,800, One four story Ohio stone, high stoop house (un- finished), on the north side of Fifty-ninth street, 140 feet east of Madison avenue, lot 16.8x100.5 feet, to Fernando Wood, tor $18,000. The above property is only a portion of sixteen houses, which were built on speculation and stopped by legal proceedings. r. Wood is the plaintiff in the sult, and his agents purchased all that were offered yesterday. The second parcel above mentioned was first knecked. down by the auctioneer on a bid io $18,100 to a person giving the name of Lyman N. Jones, but who failed to come forward after waiting ten minutes for him to make good his bid by paying ten per cent down, The referee subsequently ordered @ resale, when the property was knocked down at $17,800. to the plaintif®, There should be some law to compel pet sons bidding on an article to take the same or pay heavy damages. To-day there will be four more of the same block of houses disposed of, and 4 sale on Saturday of five more wili finish tae entire lot condemned oy Court ie peeeeeeings: THE TEUTON T TONNAGE ‘TREATY. | Bremen, Steamships Exerept Pay- ing Tonnage Dees—A Highly Important Letter. Considerable: excitement provatied yesterday at | the Custom Hense im consequence of a rumor that instructions had been received by the Collector of the Port to. abstaim from collecting the usual ton- nage dues from the steataers belonging to the North German Loyd. On farther inquiry the an- nexed letter, explanatory of this important item contained in the treaty besween the United States and the German Empire, was handed to the HkRALD representative, which wil)explain itself, The tol- lowing is a true copy :— Treasure aos, i Wasnuscron, D. €., Jan. 1st. Str—Notice having been. given to the Bepartayant of | State and to this Department by the Minister of the Ger. man Empire that no duties of tonnage are levied, and that none will be levied, by the autnorities of the port of Bremen, Germany, on American steamers plying between | the Unit oor far fat dty, nd it Wipe aguopring the oi by 1 ninth artiel treaty rh the Hanseatic Kepublics and | oncesston: cone! ded tt that \ the United States, 1 tT 20, 1X27, have: been granted, hg are hereby ‘tirectod ‘0 gollect no farther tonnage jax of the steamers of the line of the North German Lloyd, plying between Bremen and the United States, unless otherwise ardere You will please icknuwiedge the receipt of the com VIELIAMA, HICUARDSON, Acting Secretary. BAOING IN CALIFORNIA. SAN FRANCISCO, Jan. 16, 1873. The four mile ronning race between Phil Shert- dan and Thad Stevens haa been declared off, Poul rida havjag been disabled, — 9 THE SCHOOL FUNDS. Comptroiler Green and His Penny- wise Policy. Damaging the Efficiency of the Schools by Reducing the Appropriation—Work that Must Be Stopped. That the system of public instruction in the me« tropolis is such as to commend itself to all righ# thinking people and to command the attention and admiration of the directors of “the young idea,” both in this country and in Europe, has been fully demonstrated on many occasions, As recently aa yesterday morning a delegation from Boston, con- sisting of the Superintendent of Schools and the Clerk of the Board of Education, visited the halt of the Board of Education in this city for the purpose of learning how the business was conducted and detatis of the management of the schools. They were shown the entire modus operandt by Mr. Superintendent Kiddie and the Clerk of the Board, Mr. Kiernan, and took notes of all explana- tions given as well as samples of the books used at the oMces of the Clerk in the transaction of the business. While the people of this city are so proud of the School system and while other cities are endeavors ing-to emulate New York in providing instruction for the masses, it must be annoying to those haw ing charge of the schools, as well as to all who are honestly interested in the dissemination of knowl- edge, to find that the PARSIMONIOUS POLICY of Comptroller Green—which is mismaned economy—has been exercised against the schoola in the needless reduction of the estimate for the current year. From the figures given below it will be seen that the Board of Education, through its Finance Com- mittee, in making the estimate for 1873, has kept considerably under the amount to which the Board is considered legally entitled for the year, but that- even this amount the great Green has reduced nearly three hundred thousand dollars, THE SCHOOL FUND for the year 1873, made in pursuance to the law of 1867 which governs in this case, ts as follows:— 1, Amount from the State, 1872. $507,002 2 Amount trom the city ‘and cou: 507,608 3. One-twentieth of one per cent oa the pene 552,049, «Ton doulas Bev capi on the whole number taught during the year ending the Ist day of October, 1872, us per ufilcial reports on fle, vir. Ward grammar and primary schools. Ward evening and high schoois..... ormal College and schoois. Colored schools—day and normal 212,819, at $10. Total fund. THE &STIMATED COST of the Department of Public Instruction for the ear 1873, which the committee and which the joard submitted to the Board of Apportionment asthe least amount consistent with the proper administration of the Department for said year are as lollows :— For salaries of teachers ‘SO For salaries of j For salaries of teachers Normal Colleze and. sc For salaries of tes evening schools. For salaries of tea colored schools. paige , For salaries of superintendents, clerks, engineer, architect, visiting physi- Clan, COUNSEL, HC, HO. cececeeteee in ward. ward schools. md janitors in For books, maps, sla other "i y, even ing, ms hase col ed 175,000 For fuel tor all the seliools and hall of the Bourd.. RS 90,000 For wax tog ali the Boa rd 28,000 bia by erustoes and ‘salari orelerns to Hours ot Trustees; 136,008 For incidental expenses and repairs tor Normal College, evening and-colored For incidental expenses for the Board ot Publis on, printing, ad- , express charges, oval expenses, &¢, 30,000 sund wages of workmen ‘used 5 through the shop 00 For rent of school pre and repairs College sper POU ssi sea tans as Aseceatbarsnreicesaienevonayes $2,957 508 For corporate schools, inciuding ‘the schools in charge of the C mis- stoners of Charities and Correction». 101,000 hing, fitting up, altering, en. and repairing the buildings ises under their charge, for rt of the schools which been organized since the 1 La iis Sept ot the ya made by the Board, further sui or sums as 1¢ purposes au- Total... The Hoard ‘or ‘Apportionment, at the praiarcong it is said, of Mr. Comptroiler en, ‘appropriated the sum of $3,100,000, thus reducing’ the estimate by the amount of $228,550. This gives to the De- partment of Public Instruction just $590,444 less than it is entitled to by law, as follows:— . $3,000,444 Amount of sehool fund, a ina Amount asked for bgeeeree made by the Board of Pe In tio Further reduction by the Comptroller. $361,594 228,50 Amount appropriated less than legal allow- + $500,008 mE CONSEQUENCES of this immense reduction the members of the | Finance Committee of the Board claim will be to cripple their efforts by compelling the stoppage of work absolutely necessary to provide good and healthy accommodations for the hundreds of thou- sands of attendants at the schools. will, it is jeared, materially check the rogress of the new Nermal College and Righ School building, as the fund set aside for the completion of that edifice is‘now at a low ebb. ‘This comes tu a great extent from the fact that im 1870 a large indebtedness was incurred by Board, and to pay off some of that indebtedness $145,588 was loaned from the Normal College fund to the Board. ‘To pay off this indebtedness the Comptrolier was directed by law to appropriat and he did so appropriate, $577,000, How much this has been paid out has not been stated, as no return has been made by the Comptroller to the Board of Education, It was proposed, by a resole- tion introduced by Commissioner Wood at the last meeting, to set apart from the appropriation for 3 e amount of $145,588 to pay back to the Normal College fund the amount of the loan of 1870, This cannot be done from the amount allowed by Mr. Green, and consequently the College must be stopped and the Commissioners cor to renew the lease of the present egy) and in- appropriate building at Broadway. and Fourth street, at the annual rental of $12,000, ‘Thns it will be seen that the penariou and parst- monions policy of Mr. Green may serio fere with the eficiency of one of the important bi feasaindee in boos city. TRAGEDY ON A TARGET EXOURSIOE. A Case of Unprovoked and Dangerous Shooting—A& Warrant Out for the Of fender. Coroner Keenan yesterday afternoon proceeded to.69 Henry street and took the ante-mortem state- mentof William Maher, a lad fifteen years of age, who, on Thanksgiving Day, was dangerously shot, at Morrisania, Westchester county, whither he had® accompanied a target company from the city. Wi- Yam endeavored to enter one of the gates of the park where the company was shooting, when Sea- man Rhein came out and ordered him away, a6 the same-time prodneing a pistol, William there. upon ren away and Seaman fired the pistol, bullet from which took effect im, his (Willam’ap ace. on bors abave Senttueoay, pL es jaughton, who is attendin; je 5 jury rendered a verdict against the boy Rheins, tor whose rearrest Ceconer Longe issued & Ww: and pimced it im the hands of Detective Jarboe,: the Seventh Precinct, Lar eymageiqner hy Post-Mortem E.xemination=The Imes. tigation to Take Place. Next Monday. Yesterday morning Depaty Coroner Leo and Dr. Janeway made a post-mortem examinationat the. Morgue on the body of Mrs. Maria SheMin, the. woman alleged to have been brutally murdered by her husband, George ‘Shefilin, at 414 East Eleventh. street, as heretofore.fully reported in the HeRaLD. Dr. Leo found the scalp lacerated and torn from the forehead close back of the vertex; there was & deep cut near the right temple extending down the side of the face; there was also a rupture of the temporal ai and numerous scratches and bruises ni all over the body, but the skall waa not fractured. In the opinion of Dr. Leo death, resulted form hemorrhage from the above-described wounds, 1 Coroner Kessler will empanel & 2 atthe M after which the invest 10m tilt Monday next, at the Cor om In the mean time ShemMin, the sile; derer, custody of Captain Wi Se HOD,