The New York Herald Newspaper, January 23, 1873, Page 9

FINANCIAL AND COMMERCIAL, Money Quiet and Steady at 6 a7 Per Cent. A RAMPANT STOCK MARKET. +——_- Speeculatiog Driven by “Su perheated Steam.” Sales of New York Central at 106 3-8, Equivalent to 220 Before the Separation of the Scrip. thy Decline in Union Pacific Securities and a Break is Atlantic Mail. Congress Assailing the One and Bankruptcy the Other. — ‘THE BANK OF ENGLAND RATE DOWN. Foreign Exchange Weak, but Gold Strong and Higher. WALL STREET, } Tuurspay, Jan, 23—6 B, M. On ’Change to-day cotton was in better demand, ‘and the market was’ 4c. per pound better, both for “spot” and “future.” Flour was less active, ‘ut firm, while wheat and corn were quiet and easy, but not materially changed in value, THE GOVERNMENT SALE OF GOLD. The bids for the government gold sold at the Bub-Treasury called for a total of $3,963,000, at prices ranging ‘rom 112.51 to 113.634. The million ‘was awarded at 113.6334 a 113.531. THE FOREIGN MARKET. The chief feature in the foreign market has been ‘the reduction of the Bank of England minimum rate of discount from 434 to 4 per.cent, the specie account of thé bank showing for the week a gain of £482,000, Consols in London show a slight im- provement; our bonds have been steady, and Eries have advanced to 5034. MONEY STEADY, The money market was steadier at 6 a 7 per cent, with the bulk of the day’s business on stock col- ‘laterals at the higher figure. Among the govern- ment dealers the transactions were evenly divided -at the two quotations. Mercanule paper was quiet, and rates were about as last quoted, viz., 7,810 per cent discount for prime names. Foreign ex- change was weaker for sight sterling, which was Sold at 110%, and nominally higher for sixty day bills, The latter were done, at 109%. ..The nar- rower margin between the two kinds of bills is the consequence of the easier terms for money in Lon- don, the street rate having been Teported at as low BH3% percent, ye eR” GOLD srRoNG—118% A 113%. ‘The clique in the gold market advanced the price of gold from 11334 to 113% in face of the lower rates for money in London and the easier tenor of the foreign exchanges, For the past few weeks the gold speculation has been strengthened by na- tural causes, but its partisans are now likely to commit the mistake of conducting their operatiens on @ fictitious basis. The confluence of weaker exchange and easier money in London ts in direct opposition to their plans. It was supposed they had sold out on the news of the success of the Syn- dicate beiore Congress, but their movements to- day indicate that they are still heavily interested ina higher market, the sellers on the occasion teferred to having been some of their miscellaneous allies, particularly THE FOREIGN BANKERS, who, 93 we said last week, looked for an advance in goM, which they have seen, and are now con- vinced is the maximum to be reached for the pre- sent, The low rates for money im London will stop specie shipments and tend to foster the negotia- tion not only of the new loan in Europe, but also of pending railway loans and other similar under- takings seeking capital abroad. The outfo of specie to-day was $256,000, The Sub-Treasury paid out $240,000 on account of past due interest on the public debt, and $3,000 on account of redeemed five-twenties. The course of the market is shown in the table :— GOLD FLUCTUATIONS, &0. + T13% + 113% « 118% - 113: In the gold loan market the rates ranged from 6 percent for carrying to flat for borrowing. The operations of the Gold Exchange Bank were as follows :— Gold cleared... Gold balances..... Ourreucy balances. THE RAILROAD BONDS, In the railroad bonds there was a farther decline in the Union Pacifics and Boston, Hartford and Eries. The others were steady and firm. The fol- towing were the bids at the call, as amended by prices in subsequent dealings:— + $62,945,000 1,356,365 1,675,626 New York Cen 6's, re. New York Cen 6's, sub. 87 iL jew York Con 2s, "76,108 iew York Cen Rey one Cones TeAUsS Tol & W Erle Istm, extended...100" Erie 7's, 2d m, 79. 99 Tol Erie 7's, 3d my "83.00.06 97 y drie 7's, 4th TH, "80. Gt West 2d im, 1803,” ie 7, oth me." Bis4 Gal & Chic extended J s, COM In gol is alena ic 2d m.... ee Chie, R1& Pi An Mortis & Essex ist in’! Long Doe! But 8 re Mor & kosex 20 m. 188 COM.......+ as Ohie & Miss 2d m, con. 85 Dub & Sioux City’ Ist... 90. Louis & Ir ost 4&E H&K, ed Falls & Min Ist m.. 60: Bur. CR & M 7's, lstg. 9 SOUTHERN SECURITIES DULL. The Southern State bonds were dull and steady. The North Carolina special tax issues were better at 12, Attention is directed to an article in another column on the subject of the finances of South Carolina, The following were the closing _quotations:—Tennessee,, eX coupom, 79% & 80; do, new, 79% a 80; Virginia, ex coupen, 45 a 50; do., registered stock, old, 87 @ 42; do. sixes, consolidated bonds, 55% @ 56; do. sixes, , deferred scrip, 14% 15; Georgia sixes, 70 a 78; do. sevens, 90 a 92; North Carelina, ex cowpon, 33 433) lo,, to North Carolina Railroad, 58a 59; do., fund- (ng, 1866, 25.028; do, d5., 1868, 24 2 25; do, new, 18 @ 20; do, special tax, 11 9 13; Missouri sixes, 93 @ 98%; do. Mannival and Bt. Joseph, 91 a 92; Louisiana sixes, 50 @ 55; do, now, 45 & 50; do, levee sixes, 50 2 00;. do, do. cights, 50 a 65; do, do. eights, 1875, 50a 65; Alabama fives, 57 a 62; do, eights, 85 & $7; South Carolina sixes, 40 a 6 (do, new, Jauuatry and July, 22 @ 29; do. do | April aud October, 23 a 25; Arkansas sixes, funded, 85a dO, GOVERNMENTS FIRM. a= The government list was quiet at the early boards, but became strong and active in the after- noon, ju sympathy With the upward turn in the gold uiarket, The currency sixes shared aiso im the NEW YORK HERALD, FRIDAY, JANUARY 24 1873.—TRIPLE SHEET, improvement, the new fives being alone steady and quiet, as if restrained by the absence of further progress in the matter of the Syndicate, The following were the closing, prices:—United States currency sixes, 114% a 114%; do. do., 1881, registered, 1153¢ a 116; do. do. coupon, 117K a 117%; do. five-twenties, registered, May and November, 114% 2115; do. do., 1862, coupon, do, 114% @ 115; do, do,, 1864, do. do., 115 a 11544; do.'do., 1865, do. do., 116% @ 116%; do. do. 1867, registered, January and July, 1147) a 115 do. do,, 1865, coupon, d0., 114% a 114%; do. do., 1867, do. do., 115% @ 115%; d@. do,, 1868, do, do., 1154 ®& 115%; do. ten-lorties, registered, 112% a 113% ; do, do, coupon, 113% a 113%; do, fives of 1881, registered, 1114 a°112; do, do,, coupon, 113% @ 113%. jf STOCKS ACTIVE AND HIGHER. A ffee rein was given to the speculation for an advance in stocks, and the Board presented during the afternoon the aspect of an old-fashioned “bull market,” the ‘January rise,” or whatever else may be styled the present upheaval of prices resulting in a large accession of business, as evidenced in the extended list of sales printed below. The very original remark about “letting on steam,” &c., 80 customary on occasions like the present, and which was used to-day a thousand times, prf@ably, is about to be amended so as to modernize it to the latest sensation about ‘superheated steam,” par- ticularly as the dangers of inflation and explosion are generally in direct proportion to the banking facilities of speculative operators. The rise took in nearly everything on the list, and ranged from 44 up to 24 per cent. THE WIDEST FLUCTUATION being again in Pacific Mail, which advanced to 7534, despite an industriously circulated statement that the steamer Alaska was now four days over- due at Hong Kong in the short trip between that port and Yokohama, occupying usually only seven or eight days. Heretofore it has been the most dificult work for the most persevering of inter- viewers to extract the least item of news about disasters from the officials of the company; but to-day the facts about the Alaska, which came from Kong Kong by Asia, Europe and the cable, were in every broker’s office all over Wall street within the briefest possible space of time after their receipt. People whoare fond of philosophizing on singular matters and of studying by synthesis and analysig can derive THEIR OWN INFERENCE. New York Central advanced to 1063, and the Northwestern stocks were marked up 2 per cent. Rock Island touched 114%, and Beston, Hartford and Erie 914. Our comparative table below will tell the story of the advance elsewhere. The ex- ceptiohs to the rise were Union Pacific and At- lantic Mail. The former went off about one per cent on the action of the Senate Com- mittee on Appropriations in reporting favor- ably the House bill to withhold pay- ment to the Pacific railroads fer government transportation, and the latter fell from 9to-6o0n stories of the company’s bankruptcy, but rallied to 8%. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks during the day :— New York Central. Eri Northwestern preferred. Rock Island ©., C. and I. C. Western Union Telegraph. Pacific Mail..........-.+.+ In Philadelphia Reading was active and steady at 11354. f SALES AT THE NEW YORK STOCK EXCHANGE, Thursday,’ Jan. 23—10:15 A. M. $25000 US 5.20, c, 85, n. 1145; $5000 US 8's, 10-40, r... 113% 10000 US 5-20, 1, °67, A. M.—Before Call. 100 shsAtlanMSSCo.. 9 100 do. Gectee 6 de st do. 100 2200 West Un Te! . 8 40 500. 500. dO... e.0 1300 Tol & Wab K 200 Mil aStP RR 84 cy 9244 1000 Mich South 2d m. 1000 Mich South sfb.. 1039 11000 West Pac bds. Wg 1000 Un Pac ist m. 10000 do. 200 do. 100 Harlem i Un Pac ‘6000 10000 Ohio & M cons f. 1000 Ohio & M 2d a nover Bank. 10 Continental Ba 3 Con Coal of Md. esteem 500 Mar Land 4 M’g... 23 -be.b3 Ses SSES E585: wo 300 do., ee 800 200 Chic, B&G RR. 100 400 Morris & Essex RR 90! 200 33 [Ceres wo 100 Han & St Joh Wo 100 do... 100 Chie & Alt FER ER ESEEESE SSE FERS P ERT : Ss S255. 100 Ohio & M 300 do 100 do. wy do. eee rt hSsssssevsVaS2SeBEEELESES e 100 do. av do. $5000 US 6's, 'S1,r...... 115% $1000 Us 5-2), 0, 155.b3 Ling 45000 do. secre HS%G MU UN BD), 0," Wises. HD iM 33000 US 6's, 181, 6: LTR 10000 US 5.20, 6, "68.5752 T1G9R BU) Oss see 1174, 20000 US 5s, "si, r,.sbo Mise 63 17d, WW US'S, Tal, e. 0... Lady 5O00US 5's, 10-49, ¢.... 113% 25000 do... 1G Udo's, 0-49, r.be 2% P. M.—Refore Call. 00 shs Chie & RE RR, 112% 500 Un Vac Kit x 500 do. 8 5 7 = do 400 wo. 4 409 do. 6x4 do. Bh Loo Mil & st P'b) 78) 00 16, Ua te wea. 22S Mi 7 1000 do. 100 Erie tit. 900 a 600 ct 100 Harlem Rit 1000 Lo & MB Riv. daly 400 do 45% 30 dow Oe, U0 TW &'W itt 7 200 do. . 10) Chic, Bur & TwO& RIRR.. , sige 100 do. 10 do: GLO N © Os, spi 8000 Mo G's, IE & Std is 90 Buu Mo 6 Asylum b. 23g Woo Cen Vac gid b.... 100 ‘ac BOK En Pac Ist mm 1000 U Pac7’s 1g b 400) Un Pac 10's, 10000 Bos, Hart & 4000 at Pac R7’s, gul Mo, BD 93. 10000 Mor &Es istm... 100g 70W Cleve & Tol s tb. 102 6000 North Mo Ist.. 2000 Long Dock bds. 2 shs Nassau Bank 300 Gon Coal 3000 do, 40 Harlem RR, 200 0. -, 12 100L8 & Mo RBR.be.b3 91 40 do.. n Cael 100 Am MU Ex 100 Pac Mail 58 Co. 100 do. 10. &Nnw 100 Mil ste BB pi 500T, W & WRR.DC.bS ie ° v0 St Louis & 1M RR. 1200 Ohio & M Ri : 3 ri i00 do. 100 Ohio &Mise RE prof 100 H& St Jo RR 100, “a 2:30 to4 P.M. 5.20.0, 107... 115% SWshsLS &MSRRDS 943 104,023. 11346 500 do. 945 New Cent C 45 oF 200 do. 10 do. 300 do. 100 West Un ‘tel 120 doy. 200 do. Tm) * uo. 700 ‘ 00 1500 108 100 Mar 200 Atla 100 je) e ; 100 10M & St P RR 78% 300B, Ha ERR oH 600 Pac M $3 Uo. 20 * do do. 30 do 300 de. 120 dow. 9) Rock Island. 1) do. 00 do. 100 Chic & 200 do 200 a 100 do.. 200 Harlem RR 200 Tol, ¥ & WR. 0 Western Union, 84 1446 a 114 New Mariposa.. 21 4 53% @ 03% 78% @ 74% s By 8 73% 4 49 Han & St Jo pi. Boston, Hd is Ovak Gs a 49% eo Northwest'n NJ Central. SOUTH CAROLINA FINANCES, [From the Columbia Phoenix, Jan. 14.) Mr. Levy, of Charleston, introduced a‘ joint reso- lution into the House of Representatives yester- day, which, if adopted by the Legislature ana car- ried out in a proper spirit by the Governor ‘and the commission appointed under it, will be productive of valuable consequences, It is designed to ascer- tain the amount and validity of the State debt, and provides that, with @ view of reviving the credit of the State of South Carolina, restoring con- fidence in the securities thereof, and definitely ascertaining the legitimate indebtedmess of the State:- « Section 1.—That the Governor be pape perel to ap- point a’commission of three persons of characte rity and business experience to investigate the and validity of the State debt, who shall enter u discharge of their duties at Yie earliest practic: ment; have power to send ‘tor person papers; be vested with authority to examine into the books, ac- counts and vouchers of the State Treasurer, Comptroller General and Financial Agent in New York, and be fur- nished with such iniormation from the various Stute departmenis ws the said commission shall from time to me require, Uke Lethat tt shall be the duty of said commission to sit at stated times, to be advertised in the papers of the cities of Charleston, Cosumbia, and New York, and shall causa the number, denominatio act under which it was issued and the name ot the Berson, ssociation, cor- poration or firm presenting any nd, coupon or certifi- Gate of indebtedness to be registered in books to be kept by the said commission for that purpose; and when sald commission are fully satisfied of the validity of the same to aMllx an otticial statnp to be provided tor that special per ose. Provided that no charge shall be made to the olders or Vay Ee J such bond, halt or certi- ficate of stock for such registry, and it shall be the duty of said commission to report the progress of their inves. tigations as occasion may demand and the Governor or General Asseinbly shall reqnire. Sxc, 3.—That for the purpose of defraying the necessary expenses of said commission the Governor is hereby au- thorized to draw his warrants on the State Treasurer, BS, Gy a i 3 Ps ped, by the 0 Tre: r out of any moneys e hot otherwise appropriated. Pemrares We thinks this @ good bill. Similar action was taken @ year ago by the State of Georgia with ex- cellent effect, Her finamcial status was clear! ascertained, and the State has moved on wit! uch more satisfaction ever since. Ordinar#y ich @ course Would be @ work Of supererogation. But when a State has been bedevilled several years by an injamous government, as this one has be n, thin get into such @ muddle that it prodigious eftorts and @ world of pains to extricate it. It almost loses its identity, We venture to say that few men, even, of the highest intelligence and closest attentio: and study, can get at the real condition of the State debt and its finances. So much has been hid out of view, so tnnch bungled, mangled and befogged, that it has become worse jor mud than a Serbonian bog and for filth than the Augean stables. Only experts, devoting their labors especially to the task, can do the Merculean work of clearing it of the one or cleansing it of the other, Everything depends, of course, upon the men whe are to be appointed, ‘They should be free from parfisan spirit, not mixed up in any way with matters com. mitted to them for investigation and research, of unqutstioned integrity and of high financial abiiity. it they should also be men of address and cultiva- tion, combining happily the swaviter in modo with the fordier ti re, it wold ail be so much the wetter, | COMMERCIAL REPORT. ‘ —-—. Cotten in Good Demand and Firmer; Reeeipts at the Ports, 29,656 Bales— Flour Firm—Wheat and Corn Easy— Pork and Lard Firm—Groceries Quict— Petroleam Firmer, but Quiet—Naval Stores Nominal—W hiskey Higher. Tnurspay, Jan, 23—6 P, M. The movement of merchandise was searcely 80 free or the markets so buoyant to-day as during the preceding three days, yetas a rule the markets were steady, and nearly ail articles were held at previous prices, Cotton was firmer, but not espe- cially active. At the Produce Exchange four was less active, but, the supply of shipping grades being moderate, full prices were insisted upon. Wheat was dull, the extreme views of holders and the dificulty of obtaining freight room tending to check the demand for export, while there was no speculation and but little in- quiry from the local muliers, who, however, took about all that was sold at yesterday's prices, Corn was quict, though taken ‘to some extent for shipment from store. Oats were steady, with a moderate movement. Whiskey was more active and prices were again higher, the market closing firm at the improvement. There was an increased movement tn provisions, and both pork and lard were firmer and realized better prices, the market leaving off strong. Freights were quiet. There was a scarcity of room on this week's steamers, but engagements ahead were made at unchanged rates, There was very little doing in groceries; but, notwithstanding, the market was . Pe- troleum continued quiet, but there was more firmners: manifested to-day. Naval stores were extremely quict, but prices were nominally the sume as yesterday. Correr.—The market for Rio as well as for other de- scriptions was quiet, but manifested considerable firmness, ‘There was a-fair business reported in a jobbing way, but in round lots we have only to ndte a sale of 652 bags Rio, ex Iona, on private terms. We quote :—Rio—Ordinary cargoes, 17c. a 17}4c.; fair cargoes, 18%4c. a 18}¢c.; good. cargoes, 19'4c. a 19}¢e.; prime cargoes, 19X{c, a 2We.; ex- treme range for lots, 7c, a 20c., gold, per Ib., 60 a 90 days credit, Java. government bags, 19c. a 194gc,: do. grass mats, 194gc. a 2le.; Singapore, 153 Nic. Ceylon, Ibe. a 18c.; Maracaibo, 164c. a 18c.; Laguayra, 16}gc. a 1s3go. ; Jamaica, 16je, a 17 Lic. a bie. ; Mextean, 1630. 17%4c.; Savanilla, 16dge, a i8c. ; Curacoa, le. . 60% ‘he market for spot cotton was fairly’ active and gc. per Ib. higher. Futures ruled firmer unier a eee demand, closing with the following quotations pid January, 107¢c. 5 February, 10740 5, March, 20 Sle. ¢ April, 20 9-t66.; May, 2lc., and June, 21'7-l6c. ‘The sales sum up as follows :— To-day. Last Evening, Total. Export. Po 475, 831 1,304 Gonsumpil 735, 13689 Speculation 15 4 Total. es + 1,436 1,531 3,017 —Included ‘in’ the ‘above are "523 bales ‘to arrive, “For fuiure delivery been as follows basis low middling) the sales have Sales yesterday, aiter three P, M.— January, 20) at sh short notice: 30) at 19 Ls 19740, February, {OP at 19 13-16c., 100 at 19%. At Wisc., 100 at 20 3-l6e.; April, 400 at 2U: 20%e., 100 at 2lc, ; June, 10) at 2is4e. : July, 100 at, 21 9-160 R day up to three BM. Janua January, 10 Y taguiber February, 400 at -16¢., ‘at 19% arch, 700 at 20%c., 400 at 20 s4C., 400 at 20 3-16c., 20) at 20%c., 300 at 20 2oKc.\ 100 at 2) Te. { April, 400 at 20 9-160, 00'at'20 946c.; May, 1,600 dt 2le. ; January, 400 at 21 7-16c., 800 af 2140, Exchanged—I, February, eve paid to exchange 800 February for Ma ales. Grand to sum up as follow ) February tor January, even . . otal, 12,700 SHbales. The recetpts at the ports iveston, 1,009 bales; New Orleans, bale 18,183; Mobile, 1,899; Savannah, '3,232; Charleston, 2,24 Wilmington, ‘103; Nortolk, 2914: ‘New York, "424! Boston, 153. Total; 29,656. “This: day last week, ‘21,965, This day last vear, 22,778. Rates on cotton to foreign ports closed steady at tle appended quotations :—To Havre, by steam, 1c. a 1c. ; sail, le.,*tompressed. To Hamburg, by ste ., compressed. To Bremen, by steam, 1140. ¢ gaily Liverpool, by steam, 5-I6d. @ 3,0, ; sail, 3-16d. ‘e quote -— . i Uprands, Alaama, New Orleans, Texas, Ordinary .. 735 17% 18) 1sig Good ordinary: 18% 19 19) 19 Strictgood ordinary 193-16 = 197-16, 1911-16 1917-1 Low middling. 1954 19% 20 20 Middlin; 4 2b ; 214 2 Good Middiing. 221g a4 a Bi —The quotations are based on,cotton in store, running in quality not more than halt a grade above or below the grade quoted, FLOUR axy Grarx,—Receipts—Flour, 3.941 bbl 12,300 bushels; corn. 10,650 do, ; corn meal, 100 Dbl&: on 12,000 bushels; barley, 5.00) do. The flour market wi firm, though the demand was less active. Still the sales Were fair/aggresating 17,00) bbls. including ale kinds Corn meai was quiet, but prices exilibited no change, We tote :— wheat, 4 00 n $6 50 65a 700 75)a 80 800 a 850 65a 700+ THA 200 $50 a 10 50 Round hoop Ohio, shipping 750% 800 Round hoop Ohio, trade bra’ 8a 950 95) a 10.50 THA 850 St. Louls straight extra 85a 900 St. Louis choice double 950 10 50 St. Louis choice tamil, 0 5) a 13 50 Caltfornia, 9 50 a 10 50 Rye flour. 4508 650 Southern 45a 600 Southern superfine 65a 70 Southern extra 7 900 Southern family. +900 a 13.00 Corn meal, Western +3450 350 Corn meal, Jerse 23608 865 Corn meal, Brandy win +395 a 400 Baltimore. 400 f, 0. b. Caloric: 3 60a 365 Puncheon 19 50 f. 0. be —Wheat was lessactive, and the market closed nominally lower. There was no ‘demand for export save on the Dasis of loWer prices. No.1 Milwaukee was wanted tor milling, and, being ‘scarce, could not be obtained below $180. ‘The sales (wholly tor milling) were only about 25,000 bushels, at $1 70 for No. 2 Milwaukee in store, $1 7:44 No. 2 afloat, $173 for choice Nos. 1 and 2 mixed in store and $l 58 for small lot it ‘ior. Corn was quiet, but steady, although closed easy. e sales were about 60,000 bushels, boc. for old in store, 66)gc. for new. Wostern mixed afloat, 663g. for yellow on the track ; pew to old white Western held at 67c, a 68. Onts were steady, but the market very quiet. Sales 27,000 bushels, at Sc. suc. for interior new mixed, 52c. a S2ic. lor good do. afloat, 8c. a S6c, for white Western, Ste, a ior do. State und Sle, # 523g¢. for old in store and afloat. "Bare: was quiet, but the market firm. Kye—Sales 1,200 bushe! State at ec. ; Western nominal. Freicnrs.—The market continued quiet for berth freignts and rates were somewhat Irregular. There was comparatively little going in the chartering line, and while rates exh no material change they incline somewhat In shippers’ favor, ‘The engagements were :—To ool, by steain, 15,000 bushels grain at 7d. 5,000 bushels do. 8 t it Tad. per st Xa, ‘and, by z ‘char teamn 4d. 1 include:—A German brig, 41 tons, hence to Stettin, full cargo of naval stores on private’ terms; a Norwegian bork hence to Havre, 3,500 bbis. crude petroleum on pri- vate terms; an American bark (to arrive) hence to Cork for orders to the United Kingdom, 5,500 bbls. refined do. on private terms. , ‘ovassss.—Trade continued moderate in a jobbing way, but otherwise the market was quiet, and prices were nominally the same, Stock this dat Juba, 682 Inds. ; Porta Kieo, Nu do. Exyglish Islands, 744 do. New | Orleans, 5, bls. a Old o New Crop, Tie. a 19¢, 200. a 2 22 ‘e quote, F a= Rew Orleans. ‘ 35e. n Ue. B80. whe. Naval Stokes.—The market for splrits turpentin Aficr the activity noticed yesterday, was very quiet, still holders manifested considerable Hrmness, and thé market closed strong at 61}gc. We have only to note sules ot 74 bbls. at he, Rosin was very quiet, but prices were hot essentially changed, Strained quoted nominally at $5 8) a $5 95, Tar was also inactive, but firmly held at the recent improvement, Washington quoted at $3 3734 ana Wilmington at $3 00 a $3 62% Perrowkiat —The market for refined continued qu but y firm; holders retusing to sell at figures; 21%4c., we understand, was bid, and / for remainder ot month or February. Crude i also firmer, held at 94c., with quite free bids of Cases were’ quiet bat: quoted steady at Ztzc. “a Naphtha remained nominal at about lic 1s, Reports trom the creek eof adull mar- ket, and quotations were pominal. The Philadelphia market was also dull and nominal. There was nothing Offering and no demand, Later, sales were made in New York of 2,600 bbis refined for February at 240. Provisioxs.—Recelpts—Pork, 22 bbis.; beef, it Dack- ages; cut meats, 4,054 do, ; lard, 864 DbIs, and tierces.. The market for mess pork continued dull, but notwithstand- ing there was considerable firmness shown, Sales 260 bois. for January at $14, In a jobbing way the sales were :—10) bbls.” of mess at $14 1244, 40 bbls. of extra prime at $11 37, 11 90, 25 bbis. Prime mess at $13 8714 and 200 bbls. of city prime mess on private terms. Bacon—The market was quiet at the opening, but, subse. ently closed with a brisk demand decidedly firmer’ Sates 600 boxes long clear at 7e., held at 7c. at the close ; 20 boxes of short clear tor prompt, deliver, fe, Beef attracted some attention, but the were confined principally to small lots, and i clude only about packages, within Pe tange of $10 4 $12 for new plain mess, $13 h $14 for do. extra mess bbis, $21 @ for prime mess tierces, and $25 a $26 for India mess do. Beef hains remaine: iiiet but steady, at $0 for Texas and $33 for Western. ut ‘meats were firm, within the range of Il}ge. a 123¢c. for smoked hams, 6c. n 6c. for do. shoulders, 96c. & 1ige. for pickled hams, 5c. for do. shoulders, 7c, n Sc. for do. bellies, loose or boxed, and Rig gc. for fresh At Te. w 8c. ‘and light average, and 100 boxes of shoulders ard—The market-for Western was quiet, but The hams, The saies include 15,00) Ibs. of belli tor heavy. AL diac. ver, firm, sh: 1,000 tierces for and 250 tierces for March, at Alc. City firm, at8\c. Dressed hogs were tirmer.. City a ‘and Western at 5%e. a 6c. tinued fair in both foreign and do- and prices showed no change, the market re- “firm, The sales were about 60 tierces Carolin at a 90.; 200 bags Kangoon, at 6%¢c. a7c., and sma! lots of Pat at Tie. @ Be. Sucan.—The demand for taw continued very moderate, put prices were not materially changed. We haye only ) report sales of 700 hhds, of kyrup sugar at 9e., and 7,40 bags of Pernambuce at or about &%e, ined was steady at Ibe. for “A's” dnd 1236. a 1240, rds.” Messrs. ©. Amann & Co, report the stock, sales and receipts, as quiet bi soi at 5) wey , Hhde, Boxes, Bags. Melado. Stock (asce = actual Including specula- Sean anuary 1.1879. 49,702 112,713 153 | Receipts since Jan. 1. 12000 iso HaS TOUS... .s0srveees 082 24,007 981 Bales nace’ Jun. We 119) bia Btock this day, Jan. 23, 187%. 20,545 45,663 124007 419 Comparing with stock, Jan- tury 25, 1872. eceses 20082 19,294 290,003 14,22 Comparing with stock, Jan- ary abe TAT aa oge 4 24685 47,719 830,209 1,013 Do iit “stoek, ‘Jan. APY 27, 1590. cs 89,098 260,12 1,101 Reding, interior to a 8% 0 good Ilr, Ye. a Yee; guod tw prim 9M. w'G4c., givcery, tain to good, ¥ge rime to choice, Oxes, OG, @ Tie. & Yont mela miandard, Now. 7 to 9) 8c. 10 18, 1c. a 1040." do, 16 to 1B Lie. as todd, Ui a 11 3Ge. 5 wh ey Ae. io. ind iniNs, COMMON to prime, Bic. a 94 choles, Me. a 10s." Brasit-bute wanted 14, 4, a 94e. Javi 1. Nos. 10 93Kc.° Mantla—superior aud extra superior, RAKINK.—The market was quiet but finn 70,000 Ibs. in hhds, soid tor future desivery at sige. ‘ALLOW eontinued firm at 8%. for prime. ‘The sales revate «5, Tbs. at 5! Sige. for fair to good. bbls," ‘Ihe market, under a decidedly firmer, and closed endency. The sales agareyate Yic., closing with sales of 50 c.: Cem sem) be Havan, % do to a yh with a continual upward 400 UIs. at 935gc. a IIc. bbis, at 94igc, DOMESTIC MARKETS, ‘an. 2%, 1873. Me, New re . 2102, Sales, Gaxyi Cotton steady; good ordinary, . ceipts, 1,009 bales. Lxvoris io dréat Hrital last evening, 1, Stock, 65, New Orteans, Jan, 23, 1873. Cotton in good demand; Kood ordinary, | 180. : low middlings, 18%. i c.imidd ings, 190, Net receipts, 13,185 baien; gross, luI75. Expotts—to the Con Soaewice, 5,040. Sales, 2,00; last evening, 10,00. Stock, 201,479. Montre, Jan, 28, 1873. and firm; good ordinary, 173c.! low mid- ings, (88a. ; middlings, 19%c. Net roceipts, bales. ports coastwise, 60.’ Sales, 600; last evening, 2,000, Stock, 1 id Savannan, Jan, 23, 1873. . Net’ receipts, 3,232 ton quict 3, 1954 Cotton quiet; middlings, 1 bales. Sales, 2,500. Stock, 81 CHarteston, Jan. 23, 1873. ‘otton firmer; middlings, 1930. a IW. Netyrecelpts, bales, Exports coastwise, 1,324 Sales, 1,000. Stock, 41,018. . Wirauinatow, N. C., Jan, 23, 1873. Spirits of turpentine higher at 60c. Rosin firmer, at $8 for strained. Crude turpentine lower, at $3 25 for hard. and $5 tor yellow dip and virgin, Tar quiet at $2 50. Oswxao, N. ¥., Jan. 23, 1873. Flour steady and unchanged; sales of 1,200 bbls. at for No. F Spring, $9 75 tor amber, $10 & for white Winter, $11 for double extra. Wheat firm: sales of 8,600 els choice white Canada on maivess terms. Corn dail; sales of one car atc, Barley firm; an ofier ot $105 was made for Bay Quinte, bul was refused: held at $1 08. Corn meal sold at $30 for bolted, $1 25 for unbolted ner ew. MiMeed unehangod at $2l tor shoris, $22 for ship- stuffs and $23 for iniddlings por ton. Railroad freights— Flour to Philadelphia, 76c.; to Boston, 72c. ; to New York, 62c., and to Albany, Sdc. Burrato, N. Y., Jan. 23, 1873. Flour_ stronger; Western Spring, $7 50' a $3: é $5 4) a $025; white, $9 50a $10. Wheat sea bushels Milwaukie No. 2 Spring at. $157; {000 bushels Chicago No, 2 at $1 0; white Canada held at $1 80 a $1 95; white Michi 1 9. a $2; Duluth No. L Spring at$l 65. Corn firmer ; sales 18,00) bushels No. 2 Western elevators athe, ; 4,500 bushels No. 2. on track at Sc. Oats improved ; sales 1,)0>bushels No. 2 Western at dlc. ; Tol do No, 2held at ‘tc. Burley steady ; sales 6,000 bush No. 3 Western at Sc. ; 800 bushels two-rowed State at 7: Canada held atc. a 9%e. Rye quiet at 8c. Barley malt active: Western, $i a $110; ‘prime Winter Westei 0 $1 15; prime Canada, $120 a $1 26. pork, $13; short cut, $13; hams, 10%¢e. ; shoulders, 654 fc.; breaktast bacon, 7isc.; dried beef, 17e, a 17 He WES $7 per dozen; lard, 74e.'a 8c. in tler a Bigc. Bi in Kegs and tubs, Cutcaqo, Jan. 28, 1873, Flour steady, Wheat in fair demand and lowe steady ; No. 25 rng, at $1 2414 cash, $1 2535 February: Sspring, $1 11 w $1 14 rojeeted, se, a Sl, Core ik tase demand ‘and higher; No. 2 mixed, 30%, aiile, cash, 31\c. N 2736 Oats tirm and in tair demand; ted, 32340. a22%c, Rye steady; No. 4 Barley steady! No, 2 Fall at 76c,; No. 3 at 62e, & 6%. Provisions firm and in fair demand. ‘Pork higher at $12.0 $1206cash. Lard In fair demand and higher; sales at $735 a $7 40 cash. Meats strong; sales bulk meat shoul- Jers at 3% a 4c, 10080, 440. packed ; packed: short clear. mlddies, 7 tht, $465 a $475. Active and higher; h $4 45 a Ot 50; Whiskey steady at 8c. 186,000 bbIs. flour, 29,000 1,000 do. oats, 3,000 do. rye bushels wheat, 12 and 11,000 do. barley. Shipments—4,000 bbls. for, 13,000 bushels wheat, 12,000 do, corn, 82,000 do. oats and 5,000 do. barley. HAVANA MARKETS, ; + | HAvANA, Jan, 20, 1873, Exchange excited; on United States, sixty days, in currency, 11% # 12% pre nium; short sight, 133% a Lt sixty day’, gold, 260 2644 do.; short slghi, 24a London, 309%, a0 do.; Paris, 2214 a 22! gold, 23 Uo. EUROPEAN MARKETS, Loxpon, Jan. 23-6 P. M.— securities’ closed unchanged. Loxpon Monry Marker, Consols and American Erie Railway shares, ed 5h Anis Bounse.—Paius, Jan, 23-P, M.—Rontes closod at Livenroor, Corron Marker.—Liverroon, Jan.. 23—5 P. .—The market closed firmer, Middling uplands, 974. ; middling Orleans, 10%d. a lsd. The sales of the day have been 12,000 ‘bales, including 2,000 tor export, and kpeculation, Of the sales 7,00 bales were American. Sales of cotton shipped from Savannah or Charleston, November and December, at 9 15-16d., and from the samo ports, January and Februar; it 97%d. Sales of cotton shipped from Savannah or Charleston, January and February at 9%d. Livenroot BReADsToPrS MARKET.—LivERroor, Jan. 23.— The market for breadstuffs is quiet. POOL PROVISIONS MARKET.—LtvERPOOL, Jan, 23—5 f, 923, 6d. @ 98s. per Merce for new mess. Lard, Liverroot Propuck Market.—Liverroor, Jan. 2.— Spirits petroleum, 13d. a 134d. per gallon; spirits turpen- tine, 488, perewt.’ Common rosin, ls. 3d. per ewt. Re- fined petroleum, 21d. a 214d. per gallon, Loxpon Provtce Manket.—LoNpoN, Jan, 2%—Refined petroleum, 21344. per gallon. ++ ° FINANCIAL, | IONS MADE QUICKLY, LAW AND business speedily prosecuted :no fees : excellent references. Address LAW= e YER, box 2,377 A —MONEY TO LOAN ON BOND AND MORTGAGE « in New York, Brooklyn and New sey. Princi- pals only apply to SAMUELS. WOOD, Jr., 155 Broadway, room 10; NTEREST ON CITY STOCKS.—THE INTEREST ON the Bonds and Stocks of the city of New Fenruary 1, 1878, will be paid on that day by the berlain, at his oMee, in the new Court House. The transfer books will be closed trom January 6 to Feb- ruary 1, 1473. ANDREW H. GREEN, Comptroller. Crry or New York, Derantwent oF FINANCE, COMPTuOL- Len's Oreice, January 2, 1873, AY COOKE, M'CULLOCH & CO., .._41 Lombard street, London. Foreign Exchang Commercial Credits, Gable Transfers. Cirentar Letters tor travellers available in all parts of the work JAY COOKE & CO, N ONLY WANTED.—THE ADVERTISER, HAVING IN charge sever estates and in want of money at limes, desires to meet attorneys or executors with whom he nh negotiate tof security given; no brok- 4s. For personal interview and references address MONEY, box 155 Herald offic Ss! XPENNY SAVINGS K BA NK, Astor place, Notice.—The 89th dividend of this bank, at the rate of six per cent per.annum, will be credited ‘to the depositors thereot on and atter Feb- ruary 1 and draw interest thereafter as capital. Money. deposited up to the 10th of February will draw interest from the Ist of that month, N. B.—This bank has paid 117 per cent im19 years on all deposits over $3, e HE, COUPONS DUE FEBRUARY 1, 1873, FROM first. mortgage bonds of the S¥acuse'and Chenango Valley Railroad will be paid by the First National Bauk of New York. W ANTED—STOCKS AND BONDS NOT NOW NEGO. tiable, but with a good prospective value, with some acer for one of the finest Estates in the c any val. ued at $300,000; perfect title: no encumbrance, Address OWNER, box 135 Herald office. \VE,HAVE MONEY TO BUY GooD FIRST AND Second Morixages on city Improved property: also 35,000 to loan. SAWARD & LEA , 54 Wall street, 1.000 O8 MORE WANTED FOR 9 DAYS WILL Dit give one-third profits or 100 per cent tor Teannot give security, but will satisfy as to invest- ment. Address IMMEDIATE, or cali at room 9, 737 Broadway. 4,000 NANTSD-FoR, THREE yrARs, on * first mortgage, Brooklyn pro erty, worth ; will pay tour per’ cent besides Interest. No Principals address ESSEX, box. 13 Herald $10,000. 9 |" oA. AND AU PERS? i $5,000, $4,000, $2,500, | GRAHAM, No. 4 Pine street. $20,000 ESTATE FUNDS TO LOAN IN York; $17,000 to buy Ist Mortzages in New ‘ork; $9,000 to buy 2 Borgages in New Yor uh Ito 3. GEO. B. WALTON, 21 Park ro LOT. TO LOAN—ON BOND AND MORT. $350.00 gage, on New York city and Brooklyn and town and farm property in New Jersey. WELLS & SWAIN, National Trust Company Building, Broadway and Warren street. $750.00 TO LOAN—ON_ IMPROV y D PROP. in New York, Brooklyn, New rsey and Westchester county. Principals only need ply, With papers, E, M. MASON, No. 1 Chambers st. +--+ REAL ESTATE MATTERS, Private and Public Sales Made Yester- day—Card from V. K. Stevenson & Son. Not the slightest excitement existed yesterday in real estate circles, the business being very dull both on Change and at private sales. At the Ex- change Mr, Hugh N. Camp disposed of five more of the Ohio free stone houses on East Fifty-ninth street, similar to those we reported last week, and Muller, Wilkins & Co, disposed of a house and lot on Eighth avenue and three lots on 107th street. At private sale we have only heard of the following transactions, one effected by V. K. Stevenson & Son, consisting of a plot of land on the south side of Seventy-fourth street, 100 fect east of Eleventh avenue, 25x (on an average of) 180 feetin depth, for $10,000; another by Mr. A. I. Mordecai, No. 5 Pine street, of two lots on the south side of Eightieth street, 225 feet east of Madison avenue, 25x100 cach, for $19,200; also by the same, in connection with ‘Mr. Hall’ J. How, the northeast corner of Eleventh avenue and Eighty-fourth street, 80.2X100 feet, for $19,000, In the report Of sales occurring at the Exchan, on the 2180 inst., published in this column on the ® transaction by Messrs, V. K. Stevenson & on occurred, UpOL Which comment was made and fac's stated in regard to the house and lot being sold once for $68,000 and in for $38,000, As the firm feels itself aggriev we publish its state- ment, as contained 10 the following letter:— Stevenson & Sox, Pine Street ax 25 Piet AvENvE, New Yous, Jan. 23, oth. To tHe Eprron oF tim MeRALD — In the matter of the sale by order of the Supreme Court ert; Of No. 105 bast Tairty-eighth street, We acted uader the aS Ne strifugal, hhds. and | directions of the referee, J. L. D, Harrison, Kea. (who hd h and’ "ts Was ong the, stanly Messrs. Lord, Day & Lord. ‘The property was knocked down for the sum of $08,000, and the deposit not being torthcoming the property was, by the instruction of the referee, immediately pubup and reso! This sale was simply made to verfect title, ant under similar circumstances we should act in precisely the saine manner, which has met with the entire approval uf e referee and attorneys in charge. Yours truly, mein! Heo ye nk. STEVENSON & SON, The following are the sales eifected at tue Ex: Jan 280 et dl BY HUGH N, CAI ad » 8h. @anfinished) re attorneys im eo mater, A¥erionmen. Jot, n. s 58th st., 300 stOr7s Madison av, lot 20x100.5, John i , ft. € 4, (unfinished) and Jot. n. fs ne 800 AY.. lot 20x 100°5, 4 imtaushed) ant a Vay. lot 16, ali *nished pee ‘Ory O. 8. h. ( lot2 , tte. of Madison av, 'r Mec ted ‘’atory 0.8. h, uaiinin. aay a) and ae fi. €, of Madison av. WY Mt S story b. h. (front), bri X98 ttn. w. D ind 1, 8th ‘av., 3 fot tx 100, WI st. J. Phillip ae 9,008 as the weather becorves womewhat set- tled a decided movement in suborm.n property may be expected, when the particulars will be duly chronicied in the HERALD. A slight mistake occurred in the report of a gale published yesterday, made by Mr. Leo Fr man. The property sold was a gore 51.6 feet on urth avenue, running back on 120th street 145 the end of the lot being 25 feet, sold tor $8,250; and two lots on 110th street, 129 feet cast of Fourtir avenue, seld for $8,500 for poth,. CITY OF HAVANA. Salling of the Cuban Steamer Yesters day—The Force of the Amendment to tne Shipping Commission Law Vindi- ented—Vessels Touching at Foreign Ports Exempted from Duncan & Co.’s Supervision, The steamer City of Havana lett this port yester- day afternoon for Havana in the midst of a driving snow storm, with a fullcargo apd a fair comple- ment of passongers, The scene at the time of de- parture was more lively than uSual at this time of the year, owing partly to the fact that a number ot friends had gathered to give the Hon, Mr. Butcher, of Lowell, Mass., a grant /arewell, and also to the idea that a collision was probable between the steamship company and the United States Commissioners in regard to the workings of the new shipping law tn relation to the shipping and paying of the erew. The law referred to was passed with the ostensible and, no doubt, laudable purpose of protecting seamen who sail in coasting vessels, and prohibited masters of ships engaged in the coast trade from shipping crews except as allowed by the regularly appointed United States Commissioners. An amendment was made to this law, exempting from its provisions masters of yes- sels sailing to ports in the West Indies, British America and the Republic of Mexico, Under this exemption Clause the vesseis of the Alexandre line,. the Atlantic Mail line, and one or two others claimed to be freedifrom the supervision of the new United States Commissioners; but, as the amend- ment was not fully understood, and as the City of Havana was about to sail under the old law, it was asserted that the Commissioner or his representa- tives would appear and prevent or delay the sait- ing of the steamer. It appears that on the previous voyage this steamer sailed and shipped the crew in accordance with the new law, but as a great deal of inconvenience was experienced it was determined by the directors of the Alexandre line to make a test case, and they determined to apply at the Custom House for clearance papers, regardless of the claims of Mr. Commissioner Dun- can and his conf¥eres, An attempt was made, it is stated, by the new Commissioners to prevent the company from obtaining the clearance papers but, for the purpose of avoiding an. noyance, the Commissioners were permittea to carry out their functions as regards paying off the crew, the requisite papers therefor were given, the clearance was duly procured from the Collector of the Port and all the anticipated trouble was averted.. As this fact became known the passen- gers and others present on the dock and ship be- came correspondingly jubilant. Captain Dakin and his first oMcer, Robbins, flew around, super- vising the stowing of the cargo and the com ort of the passengers. ‘Ihe friends of the latter, partt- cularly those of the Hen. Mr. Butcher, were most hearty and hilarious in their farewells, and, as the Hon. J. A. McSoriey was among the “weep- ers,’’ tt may be presumed that the leavetaking was most tender. Captain T. 8. Curtis, of the Colum- bla, was also among the spectators, and the gen- tlemen mentioned, together with a number of others, made the departure ag lively as could be wished for, Shortly aiter four o'clock the good ship steamed out, after receiving a geodly number of horses on board, and any sensation other than the excitement usually attendant on the departure of @ steamer was only conspicuous by its absence. NEW JERSEY STATE TEMPERANCE ALLI- ANCE. Bright Hopes Held Out for the Fature of the “Local Option Cause”—Vice Presi« dent Colfax Retreats from the Credi¢ Mobilicr Committee to Address a Tem= perance Mass Meeting in Trenton. The second annual convention of tne New Jersey State Temperance Alliance was held yesterday at There was a full delegation from nearly all the temperance organizations in the State pres~ ent, and harmony and unity of sentiment seemed to prevall thronghout the proceedings, Mr.George Sheppard Page, the President, made the opening address, which was loudly applauded at intervals during its delivery. He alluded to the cause of local option, and said that its adoption throughout the State was near at hand, notwithstanding tha opinion given against it by an eminent legal gen- tleman, who at present holds a dignified position in the State. There was no question about it thia year, as of the thirty-four members of the Legisla- ture who voted against it last year put seventeen of them were re-elected. He maintained that theiz interests were great throughout the State, and that they were fast growing. He sald that half of the brewers were on their side, and that in a short . Space of time they would have a larger accession tw their cause. They remembered right well how the Camden petition was received and refused year, which was and would be the means of giving them renewed energy in the future, and, with the help of Providence, the demon of rum traMe would be eradicated, and suffering humanity would be saved from its ruinous effects, Mr. Page concluded his address with an eloquent peroration, after which the Treasurer's rey waa received and adopted, showing that the receipta during the year amounted to $4,902 04; the liabili- ties, $1,062 46, and the net balance on hand, $14 64, ‘The Rev. P. Coombe, the Corresponding Secretary, read his first annual report, in which he enume- rated the number of sermons and lectures he ee ‘| the past vear, and showed to the Convention his services had only cost the Alliance the sum $402 09. Mr. Stearns, Corresponding Secretary o: the National Temperance Alliance, made short address, in which he. enlightene the audience as to the successful workings of tha temperance organizations in New York. He res commended that 4 temperance library should ba in every lodge and organization, and that tracts should seattered around like the leaves of the forest. The Committee on Nominations reported the re-election of the President, Mr, Page, and ona vice president from each of the counties in the State, among the latter being the name of the Hon, Mr. Borton, of Burlington, member of. the present Legislature. W. B. Russell, of Newark, was chosen Treasurer, and the present secretary, Rev. J. Ke Dunlap, was reappointed. A mass meeting took place in the evening, which was addressed by Vice sen Colfax, Much enthusiasm was ested. INVASION OF TRENTON, The Grand Masonic Lodge of the State in Session, The regular annual meeting of the Grand Lodge of Masons for New Jersey was held at Trenton om Wednesday and yesterday, with such a large at- tendance of members as caused the hotels to fait in accommodating their guests except by calling in requisition the bedrooms of many neighboring private houses, The usually quiet capital of our neighboring State has seldom been mere lively than yesterday, when, in addition to crowds of temperance people pouring into attend the State Temperance Alliance Convention held there, the Grand Lodge of Masons was in session, while poll- ticlans swarmed thickly in hotel corridors and tne lobbies of the State House, where the Legisia- thre was actively at work. The latter body, how- ever, concluded its week of preliminary law-maki: by noon of Thursday, and just im time to partick, pate in the Temperance or Masonic gatherings, according a8 their inclinations or associations might lead. The Grand Lodge of Masons had not chosen their oficers for the ensaing year up to & late hour of the afternoon. Tomi .. THE NEW JERSEY LEGISLATURE, The Stanhope Investigating Committee, ap~ pointed by the Senate to act in co-operation wittx that appointed by the Honse, consists of the nam of Senators Moore, Stone and Cutler. " ‘There was but little interest in the proceedinga of both houses to-day, They held short sessions im the forenoon and adjourned over to next Mouday evening at eight o'cldck. There 18 a new name mentioned in connection With the appointment to the Chancellorsiip, that of Abraham Browning, of Camden, belug urged by 48 iniends,