The New York Herald Newspaper, February 27, 1873, Page 8

8 FINANCIAL AND LAND COMME HAL, |i Further ee in the “Money. Market. con Tr. Fac ee Pm gv'd M ven Pacific go Gen Pac State ald bas. Union Faclge ine 3 inion Pac ie Beitte & ithe A Alt & Ter B - Ser rt m Alt & Ter H 2d anW THE CITY BANK STOCKS. ‘The folowing were the bids for the eity bank * 4 The Rate on Call Touches 90 Per Cent Per Annum. shares:—New York, 190; Manhattan, 168; Mer- chante’, 116; Mechanics’, 1864 ; Union, 140; America, 150; City, 250; Phenix, 100; Gallatin National, 121; Leather Manufacturers’, 175; State of New York, 111; Commerce, 1154; Ocean, 10; Mercantile, 130; American Exchange, 112; Bank of North America, 104; Hanover, 104; Metropolitan, 183; Grocers’, 100; Nassau, 164; Gorn Exchange, 126; A Panic in Pacific Mail and Panama. Continental, 80; Importers ana ‘Traders’, 175; Manulacturera and Merchants’, 100; Fourth National, 111; Ninth National, 105; Bankers The Former Falls 11 and the Latter 25 Per Cent. and Brokers’ Association, 80; German-American, 102, SOUTHERN SECURITIES LOWE! The Southern State bonds were dull and lower, the Tennessees being offered at a decline of “ ” ALI, AROUND. | one per cent to 81, The new South Carolinas A BREAK’ sold at 20%. Missouri sixes were firm, The Jollowing were the closing quotations:— Tennessee, ex ceupop, 80 a 81; do, new, Consternation Among the “Bulls” at] so a s1;\ virginia, ex coupon, 44 a 48; do, registered stock, old, 86 a 40; do, sixes, consoli- dated bonds, 55 a 56; do. sixes, deferred scrip, 15 a 12; Georgia sixes, 70 a 80; do, sevens, 89 a 90; North Carolina, cx coupon, 20 a 33; do,, to North Carolina Railroad, 60 a 61; do., funding, 1866, 228 27; do. do., 1868, 21 a 23; do., new, 17 @ 19; do., special tax, 14 a 16; Missouri sixes, 045/ 95; do., Hannibal and St, Joseph, 91%¢ a 92}4; Louisiana sixes, 45 a 60; do., new, 40 a 50; do, levec sixes, 40 @ 53; do. do., eights, 50 a 60; do. do., the Stock Exchange. — A CLOSING RALLY PRICES. The Rumored Reasons of the Pacific Mail Tumble. ————. AFoarther Advance in Gold—Tho Syndicate and the Call of Bonds—Decline in Foreign Ex- change—A New Issne of Delaware and Hudson Canal Stock, WALL STREET, } Wepnespay, Feb. 26—6 P. M. On ’Change to-day cotton on the spot was quiet and ic. per Ib. easier on all grades, while fu- tures ruled quiet, but steady, Flour, wheat and orn were dull and lower. COMPARISON OF THE EXPORTS, The exports of domestic merchandise from New Work to foreign ports for the week ending February 85 and since the beginning of the year compare as follows :— eights, 1875, 60 @ 70; Alabama fives, 57 a 61; do. eights, 81 a 86; South Carolina sixes, 35 a 45; do., new, January and July, 204% a 21; do., do., April and October, 23.4 25; Arkansas sixes, funded, 40 a 60. GOVERNMENTS STEADY. The government list was quiet and steady, the opposing influences of stringent money on the one side and of higher gold on the other having neu- tralized each other in their effect upon the prices of the gold issues, But both these influences were combined adversely in the case of the currency issues, which accordingly were exceptionally weak and lower. The following were the closing prices:— United States currency sixes, 1143¢ a 11439; do, do., 1881, registered, 1163¢a 117; do. do. do., coupon, 1185 @ 118% ; do, five-twenties, registered, May and November, 1155 9 115% ; do. do., 1862, coupon, do., 118% @ 115% ; do. do., 1864, do. do., 11554 a 115% ; do. do., 1865, do. do,, 116 a 11614; do. do., 1867, regis- tered, January and July, 114% a 114%; do. do,, 1871. 1872. 1873. 1865, coupon, do., 11454 @ 114%; do. do., 1867, do. octyl bet em oe al am Si doy’ 110% a 116%; a, do., Des do. do, 11634 & gfortran eons A ———_ | 116%; do. ten-iorties, registered, 111% a 111% Bince Jan. 1....$85,008,001 $82,512,231 $39,047,067 | ao. do., coupon, 11434 a 114%; do. fives of 1881, THE FOREIGN MARKET. The London quotations were steady for corsols and United States bonds. Eries were buoyant and pavanced to 52x, closing at 5235. THE GOVERNMENT PURCHASE OF BONDS, ‘The proposals to sell bonds to the government Svere eeventeen in number, and tendered a total of $2,482,250, at prices ranging from 113.61 to 114.50, Fhe million was obtained at 113.51 a 112.86, All the offerings were at less than par in gold. Payment tor she bonds will be made in legal tenders, THE TREASURY AND THE SYNDICATE, It is now quite certain that the Treasury call of bonds for redemption June 1, to be issued March 4, in modification of the call of February 6, will be for not more than $50,000,000 of the five-twenties of 1862, It should not be inferred from this that She one hundred and odd millions of new fives has met been subscribed for, The Syndicate have re- belived subsecripvions to more than that amount, but the recent fall in the values of all the five- Swenties to less than par im gold enables aub- beribers to turn in other than the 62's in exchange for the new fives, THE REFUNDING PROCESS @rill go on just the same and to the extent of all the subscriptions, and there will be fewer 62's to call in for redemption. In other words, the re- registered, 113}¢ a 113%; do. do, do., coupon, 113% a lid GOLD STRONG—114% A 115%. The gold market was strong through a continua- tion of the influences already noted as having started the rise from 114% on Tuesday last, or when it was vaguely reported that the Treasury call of bonds would be modified so as tocall for only $60,000,000, and the price rose to 115% amid considerable excitement, the “bears” being the Most conspicuous buyers, and apparently advanc- ing the market against their own interests through their own fears and fright. At the cloge the mar- ket reacted 44 to 114%, on the expectation of a reduction in the Bank of England rate of discount in the morning to 8 per cent, if not to a lower figure. The course of the market is shown in the table:— GOLD FLUCTUATIONS, ETC. In the geid loan market the rates ranged from 1-16 for carrying to fat for borrowing. The opera- tions of the Gold Exchange Bank were as follows:— Gold cleared wine riig 4 fanding will be of the five-twenties more generally | Gold balance: . 965,306 Bnd of the 62's leas exclusively, One circumstance, | Currency balances. > 1,402840 however, needs explanation. Subscribers to the mew fives were required to designate whether ‘heir subscriptions would be in cash or in five- Gwenties—the 62's being at the time of opening the books the only kind of the five-twentics at or below the par of gold, Now that all the five- twenties are below their par in gold, do the Syndi- gate make another “commission” out of Mr. Bout- well by turning in the depreciated five-twenties and keeping the gold subscriptions? And is this the reason why he is se complacent to the Syndi- tate as to modify the call of bonds for redemption? MONEY STRINGENT, ‘The money market was still more stringent, ana the rate on call ranged as high as \ per cent ® day, equivalent to 91% percent per annum. The Pominal quotation among the government dealers was as before, 7a7per cent gola, but among the stock houses the rate at its loweet was not under 4-16, which was freely paid from the beginning of pasiness. Early inthe day it had hardened to \, and by the time for making up bank acceunts to # percent, The inguiry for money continued sub- sequent to three o'clock, as if borrowers were de- termined to outstay the lenders; but the latter re- Wained the longest on the ground, and those who sost their market finally offered their money down to 5 percent, the quotation being purely nominal, however, as the business of the day was over. This gudden ease late in the afternoon was attributed o the government purchase of bonds, and the dis- bursement of a portion of the payment for them to parties who were anxious to secure the high rates for money, but came too late to get them. Com- mercial paper was nominai and unchanged, FOREIGN EXCHANGE LOWER, The foreign exchange market was weak, if not demoralized, by the stringency in money and the pressure of bills from second hands to realize money for the carrying of stocks. At the same time the market was inherently heavy through an saticlpation of a reduction in the Bank of England rate of discount in the morning, and also through the diminished demand from the importers, who withdrew their orders on account ef the advance ip gold. The leading drawers lowered their fates for sterling % per cent, and gales of prime bills on the street were reported The Sub-Treasury paid out $520,000 on account of interest and $1,300 on account of redeemed five- twenties. The European steamer took out $123,244 im silver bars. EXCITEMENT AND DECLINE IN STOCKS. The long monotony of the Stock Exchange was broken to-day by an oid-fashioned panic in cne of the leading speculative favorites, Pacific Mail, and & general “break” in the rest of the active list. The events referred to came even more suddenly than was anticipated by the sceptical class of operators, Who have been looking these several weeks past for some such development of the mar- ket in consequence of the excessive and persistent stringency in money, But during the early part of the day and up to the session of the last board the re had been NO NOTE OF WARNING in the aspect of the market, which, in its general Jeatures, was quiet and firm under the leaderehip of Erie and Union Pacific, the former advancing to 6544 in sympathy with the buoyancy reported as existing in London, and ‘he latter to 3514 upon the diminished chance of any substantial result of the Congressional agitation in opposition to the company. The other prominent stocks experienced more or less improvement in the progress of business up to one o'clock, as if still defiant of the effects of TIGHTER MONEY, and Harlem was conspicuous for a further advance to 12944. At length @ reaction from this condition of strength and quiet commenced with Pacific Mail, which meantime had recovered to 60% after the depression occasioned by the original fears ofa withdrawal of the government subsidy. A few heavy sales caused a decline to 65, at which there was a pause and indications ofa rally. Buta sale at 64% scemed the signal for an avalanche of sales. doubtless representing stock dispesed of on “stop” orders or by reason of EXHAUSTED MARGINS, The descent was now quite rapid, and 583; was reached within the next Jew minutes, being a iall for the day of nearly eleven per cent, At the same time Panama, the fate of which financially and Bpeculatively seems of late to have been indis- solubly connected with that of Pacific Mail, began declining, and eventually fell twenty-five per cent, to have been made at as low 08 4 100%. The following shows the anes ucaiaaes viz., from 120 to 95, Meantime the alarm spread ef quotations:—Sterling, sixty days’ commer- to the general market, the condition of which had tial, 107% @ 108%; do, good to prime been already rendered quite sensitive by the fur- : ‘ . ringe : bankers’, 108% ® 108K; do., short sight, 1004 q | Mer Stingency im money, and as the board was 100% ; Paris, sixty days, 5.28% a 5.23%; do., short sight, 5.20 @ 5.18%; Prussian thalers, 715 a 71 Antwerp, 5.27% @ 5.22%; Switzerland, rary 6.2234; Hamburg, 9444 @ 9635; Amsterdam, 39% a 0% ; Frankfort, 405% a@ 41; Bremen, 94%; a 953, THE RAILROAD BONDS, ‘The railroad bonds were steady and moderately active, but with a Jarger inquiry from buyers there was less disposition to sell. The chief feature was ‘0 advance to 77 ior Union Pacific incomes, which means, doubtless, that the March coupons will be paid. Boston, Hartford and Erie firsts declined to 87%, Dut the guaranteed bonds were firmer. The following were the bids at the call, as amended by Prices in subsequent dealings :— Rew York Cen 6's, 1883, Rew York Cen Oe 1st. 91 mh. & Wad equi Fol & Wad con coe GtWen eee istm.. ry GE Went tat mAs 95 we t comparauvely THINLY ATTENDED, the time being about hall-past three o'clock, when many of the brokersand@ still more of their cus tomers have gone up town, the pressure to sell found an almost unresisting element on the “bull” side, Inthe semi-panic which thus took posses. sion of the market Western Union fell to 833, Lake Shore to 90, New York Central to 100s, Rock Island to 1114, Ohios to 4434, C. C. and LC, to 88, Wabash to 714 and Erie to 68%, But before the hour of ad- Journment arrived A SPIRITED RALLY set in, during which Pacific Mail recovered to 6234, Western Union to 87 and the others to the extent of one per cent or 80. In explanation of the fall in Pacific Mail—the tumble tn which was the cause of the trouble all around—it is said that the Pacific Mail pool, whose numbers are variously estimated at all the way from two to ten persons, have re- fused to make good their guarantee contracts in the stock given at much higher prices, the parties carrying the stock on these contracts having been compelled by the scarcity of money to demanda LIQUIDATION AND SETTLEMENT. Be this as it may, the principal sellers in the panic this afternoon have been usually regarded as the brokers and allies of the pool, so that the out- siders are more than deeply mystified at the course events have taken, especially as the leading brekers among the sellers referred to deny that they suffer any embarrassment from the alleged refusal of the pool to make good these contracts, Las \o te enormons decline ip Poneman.» mere NEW YORK HERALD, THURSDAY, FEBRUARY 21, 1873 serious story was rumored, to the effect, viz., that the stock had been HYPOTHROATED to support the waning fortunes of the Pacific Mail speculation, and sacrificed in default of its redemp- tion when redemption was demanded, In seekivg to do justice to the various parties whose names have been mentioned in connection with the ex- citing incidents of the day in Wallstreet, we have had our commissioners interview some of the reported members of the pool, the result of whose labors the reader, will find in.an adjoining column. The Boston, Rartford and Erie Railroad directors met to-day, but adjourned Without transactng any business of importance, The Delaware and Hudson Canal Company an- nounce ap intention to increase the capital $5,000,000, which will be issued to present stock- holders at par, in the proportion of one share to three, the transfer books closing April 1 for sub- serptions, HIGHEST AND LOWEST PRICES, The following table shows the highest and lowest Prices o{ the principal stocks during the day :— Lo ahs York Central. 10034 Erie........ O34 Lake Shore. 90 Wabash... ree Northwestern ... 80 Northwestern preferred 89% Rock Isiand. 11% St. Paul... $296 St. Paul prelerred, i” Ohio an org eee 4g Umon Pacifi woe 85H S85 G., C. and I, C. + 46 38 Western Union Telegraph, . 90% 8334 Pacific Mail.. = 699% 586 In Philadelphia’ Reading ‘was weak and lower, and closed at 11534. SALES AT THE NEW YORK STOOK EXCHANGE, ‘Wednesday, Feb. 26—10115 A. M. $1000 ve On, 81, $1000 US 5-20, r, (5, n. 11436 ab, dou US Si0,r, HoT. be 11436 2500US 5's, 1U-40, ¢ 4000 UB 6's’, 81, © he US 6-20;¢, %66, 1. 1100 she West UnTel,,. 500 do. aoe Board—10:30 A. M. #0000 Tenn O'R: n.;b10 £124 $09 she Pac M ES Co. es Tom 00's n.d &dy.c 20% cree 2000 Ohio bet 886, i Canton Co, ie” sow Brookly’ 8, wi, Saints cy 200 € ae P LU gd eo tak do. 1400 ay, woo, a4 ORE.» c.bs Hy 0 q ++ 40M 320 to4 P.M. 890 shs Pac M 88, 200 Cr ne Un Med st m.. gx ohana si “a 5 ro oe 100 Quick M BONY Ce Hic iit 2000 do. te 3 BF od ou a 1200 U0 == SE i Be eee SE8Ee: SESE e ca SEELEELEE EEEEESEE ee SE rs a LLVeS Bees. Es nt Wiky 2900 merce nhs & 80 Bank of Cot See oT Nat Bauk.. ONY C 4H Rb ee Raa em eeeoes BREE $35000 US 6° 44000 12000, 2000 vs 036; 6; P. M.—Before Call, $10000 Tenn 6s, os g 1700 shs Eri 200 a 400 t MH Fas KR 700 Se 100 ty Harlem RR. RW Erie ei 200, do 100 Atlan 109 Ww LA s onic Hy rs jae ng Phase WR bd Sccond Board=1 P. M. CLOSING PRIOBS—4 0 O'CLOCK P, M. Western Union. 87% a ‘8734 Northwest’n pi. 8834 a 89 Panama + 95° a 100) Rock island a 1% Me IK a 124 ssgu 4455 Union Pac ya Boston, i & a ig Northwestern. 80° 8 BO CaE Ce Oe PANIC IN FACIFIC MAIL, Explanation from the President of the Company—What He Says of the Ru- mors Current in Wall Street—A Deci- sive Intervicew—“No Engagements That He Cannot Meet.” It has been already mentioned elsewhere that the excitement attendant upon the panic in Pacific Mail was of a most intense character in Wall street | yesterday, it seemed to take everybody by sur- prise, and was all the more general that it ap- peared to be so unexpected. Brokers rushed wildly about and communicated the news, upon which people seemed to be unable te comment, The question was, everywhere, ‘‘What’s tue mat- | ter?” and for a time there seemed to be no one able or willing to give an answer to the question, But peopie seon began to say that it was evident that somebody largely interested in Pacific Maii and in Panama Railroad stock must have been in A PRETTY TIGHT BOX, Plenty of stock was thrown upon the market, and the immediate result was that which will be found given in more detail in the financial coluun, During the afternoon it was whispered round that Mr. Stockwell, the President of the Pacific Mail Steamship Company, was mixed up 1n the losses, and that he had to part witha great deal of his stock somewhat suddenly. This rumor could be traced to no very detinite source, however, and probably arose irom the fact that Mr. Stockweii was the only gentleman on “the street’? who was supposed to possess any large amount Of these two stocks, But still the panic continued throughout the day, and the shares did not rally from THE SUDDEN DEPRESSION which had set in upon them, Mr. Stockweii’s brokers having been reported to have solid @ large amount of Pacific Mail stock during the afternoon, a reporter of the HERALD called upon Mr. H, W. Gray at bis residence, No. 6 West Twenty-lirst strect, to ascertain the lacts.oi thecasc. Mr. Gray was not in, having gone out only @ few moments before, bit was to be back soon. The reporter waited. Mr. Gray ¢ame back in about twenty minutes, and with him were Mr, Stockwell aud another gentleman. The reporter expiaincd his mission to Mr. Gray, and asked him if he wouid give any EXPLANATION OF THE RAPID DECLINE of the two Stocks, and what he had to do with it, Mr, Gray said, “i desire to make no explanation, and have nothing to say about the matter.” The reporter then asked if he might see Mr. Stockwell. Tnis gentleman was seated in the middle parier, and ared to make the most strenuous efforts Bot to be obliged to see the reperter. Mr, Gray expluined to him that he had better say some- thing, and Mr. Stockwell finally seemed to have made up his mind to see the reporter, He jumped up impatiently, and came forward in @ quick berv- ous kind of way. WHAT MR. STOCKWELL SAYS, “My dear sir,’? he said, “I wish to be perfectly cou: teous in all this, but I don’t see why any inter- view should be had with me on this subject.’ $1000 Un Pac 10’s, inc. COO) 4000 Del, th) MA SEP TUL... 9 Sshs BN ane: a 7 Penn Coal, 76% 200 shs Pac M&S Co... i 100 \ 3 i Es eee eee “You probably mistake ap intention, Mr. Stock- weil,’’ said the reporter, simply call to ask you if you desire to make any explauation as to the rumors which are in circulation in the street.” “What are these rumors?’ asked Mr. Stockwell. “It was sad generally, or rumored in Wail street,’ rejoined ene reporter, “that some Wed time ago, when Pactfic Mail was at 90 a 100 cent, you instructed a number of persons to the stock, making ita condition that in case ‘ot profit you should take half the profit, and that in case the stock went down that you wouid bear the Joss. And it is further said that these persons who carried stock in their names wished you to FULFILL YOUR ENGAGEMENT, and that you refused to do £0, hence the sudden fal beatae ooo mh Coe ‘RR. 200 0&N WRE 00 © 1K 40 Adams’ #x 8 WW US Ex Co, © By 8 m MU Rx vO ONY Ca unk. be 18 300 rane 800 jn ly, Peay ined throwing ail the stock they ha at @ on the street. obit 190, ssockwell laughe “These rumors,” said Mr, Stockwell, “are false. Igay to you in perfect good faith I have not @ sin- gle ‘put’ nor a single ‘call’ owt upon the str nor Nave I had in some time. I have broken no en- gagements when t pays made, and if body haa any ist me lam perfect able to meet it and pay to the last cent of Wwiat Tomes you then explain to me, since all these ru- mors are false, what the cause of the sudden {ali in these two stocks is?” “How should 1 know?” said Mr. Stockwell; “it was a panic LIKE ANY OTHER PANIC. I suppose simply,” he continued, there were more sellers than there were the “aa and, therefore, that the stoc! cant really know of no other cause, I ou. ‘The reporter then moved towards the cor Le Mr, Stockwell accom} ented him, say saying agai “If any one has any a ny me fain avle and will pay it, You cupienoed. ‘The interview here terminated. “that ers on. went assure | 1,000 bbis, reftmed petroleam at 9s. ; a British bi ~TRIPLE SHEET, tet inant a none ened { —_———. Cotton Quiet; Receipts at the Ports, 10,999 Bales=Flour, Wheat and Corn Were Dall and Lower—Provisions Quiet, but Firm—Groceries im Mod- erate Demand and Steady—Petroleum Dul—Naval Stores DullWhiskey Easier. ‘WEDNESDAY, Feb. 26—6 P. M. The trade. movement was as slow and unsatis- factory as ever, There,was no apparent inclina- tion to buy merchandise except to meet urgent re- quirements, While, in the absence of transactions, values were t0 @ great extent merely nominal, Cotton was still dull and nominal, with very little business except in the way of future contracts, At the Produce Exchange there was almost a dead- lock, there being no movement whatever in some commodities, and but a very moderate trade in any. Flour was still dull, Wheat was dull and lower, ‘but values were more con- jectural than real, and scarcely any would ventare to name even a nominal price, There ap- peared to be none wanted for shipment, while 8carcely any was wanted for milling. Corn was dull and nominally unchanged. Oats were unset- tled and decidedly lower. Whiskey was lower. Provisions were quiet, but pretty firm. The same remarks will apply to lard. Grocertes were in Modernte request and the market steady. Petro- leum remained dul!, but values were nominally the same, Naval stores were dull, spirits being lower. CorrEB.—There was a fair business reported in Rio, but other descriptions were quiet, although the market was strong for all kinds, The sales since our last Aggregate 5,383 bags Rio, ex Ontario, on private terms. We quote:—Rio—Ordinary cargoes, 17<c. a 17%e. ; fulr cargoes, 183¢c. @ 18%c. ; good cargoes, 19340. a 1935¢.; prime cargoes, 19%c. a 20c. ; extreme range for lots, 17¢. @ 203gc. Java—Government bags, 20c. a 2ic.; do.grass mats, 20c. u 22c.; Singapore, 17e. a 18c.; Ceylon, 18c. a 19¢.; Maracaibo, 18c. a 19¢.; Laguayra, 180. a 193¢0. ; Ie, a 19¢.; St. Domingo, 16} pie + Costa Rica, 18¢. a 2c.; Mexte 1 7c. a 18c. ; 7 CI gguracot, Ameen idee | Be fine deinand for spot cotton was limited, nod Prices were wholly nominal, the annexed quotations thowing a dechne oie. per ity for all grade at which the market closed, with a continued downwar a tendency, Future deliverien'withou decided chaning saleaaaaney: We sum up thus:— To- Day . Eo'g. Total. Export... IAB es a Consumpiio as a Speculation, Total......... 795 —For feture seri slow mildatin ng a tie | ates nave bean ag, follows:—salea, last evening after three oe! red Garey 100 ag 20%-160,5 March, 500 at 20 5-16 100 at 20K. (Bo Lottee), 8 8 at 3) b-16c-, 100 wt 20%, sa Bh ee My Ke. ; June, Sd atone, ats OD at 20s Olde. astal, 4,000 bales. Bzchaheed 19-32d. p aid tocxchange2; 200 Maren tor May. Sales to-day up to three P, M. = Februdey, 7,408 at, 208.160. 100 at Bice. Go at 20 5-16a. 5 Mareh, 22 Bel6e,, 200 ai 2040, 200 ab 20 5-16 ing notice to-day any), O) at Bice, “Aprils 1,300 a toa Jon BU tS 20 16, aig Mays (i Rab Bie Coy at2 bi Obgen. 300 2 * June, eo. "9 a0 at aye, Total, ‘ho0 bates 13,300 bales. Rates on cotton to foreign ports closed’ as follows:—To Havre, by Seam, Ron) a rane 1e., compressed; to pamburg, by steal compressed; to Breme nD: {verpool learn, Mae a 16d), Market dali” fa ag at the: ris sumn up thus: '—Gaiveston, 1,210 bales; New, yr leans, 6,078; Mobile, 1695, Savannah, 067; Charleston, 780; Witinlugte Wy 8s Norteik Race attiorg. a New hoston, ‘otal ales ; last week, 15,093 ; this day last year, Hk 701, "We'guote:— Ipands alabana, New Orleane, Terns, Ordinary, ....cssveeee 1736 L 17% Good ordinary Be 18% Strictgood or: $16 197-16 A Low middlin 197% 20g Middling. .. bi 2g Tt Good middiin, Bg 2334 —The quotations are based on cotton in store, running in quality not more than halfa grade above or below the irade haoted, < Recetpte—Flour 6700 Bla ium anv Guatx.—Recelpta—Flour, 6 21,00 bushe 24,662 do. + co! ia att made at lower prices. The sal bbis., comprising all kinds, and bls, OF Bu- perfine rye, at from 45.886. Gorn meal war much more active, and. market was 51 mime The sales include bbls. of Jersey ae tas £0, pas, . of Western at $3 35 & $3 45 for yellow, ndy wine Deeks y, pect At $3 85, and s = T Loui double Bt outs oponee famil, nie. Rye flours. Southern No. 2. POPPSDP a DE DERE ERD HP ie $8 art ta ot 38 ne ie 620 6 00 yd $8 $5 40 od. 365 ob toe ween m ee Se eeeItewwe te SSSMekSsseseseshstesss a t a 11950, —Wheat lower and nominal. The sale; were poy ab, chy Dushels mY] 93 for red Winter and sup posed $1 66 for No. 2 Milwaukee Sprin afioat., Iowa Pring at $1 5) ailost, Corn was duil'and heavy, hg ay romewhat low e saies were only about 20, bushels at oat, for new Southern cats 4c. for new mixed, afloat; 64c. @ 64};c. for Western yellow, and Gdc. a 6d4gc. for do. white. Outs were dull, unsettled and decidedly lower. The saies were about bushels, at Age. for new Western mixed on 5. BC. a he ‘for do. afloat. B2e. asked and 50c. bid for vo | do. in store, and ble, @ S26, for good white Western afloat. Bar- ey ahd tye—There was a iinited inquiry, but in the eb. sence of sales the market was gatirely neininal, Firjonrs.—Transuetions in berth trcighis were re tarded owing to the scarcity of room. Rates were steady., Vessels for charter continued in’ demand at full rates. ‘The engagements were :—To Liverpool, by $4,000 bushels grain at o&d., 200 bales cotton’ at. Sod. aud, by aati, 29 ier of lard at 278.60. To fol by steam bacon at 50s,, 140 bbla, and IB) dlereer ot Weel ae Be ors Antwerp, by tio boxes bacon at aie $a ea nd 2,500) box: terms, The charters include :—An Ai to a port between Havre a: Tiambul pegalauay, on private terms; a Norw: jo stettin, rull cargo of provisions, at doe tA BRS ns, to Antwerp, general cargo at current ra Brith brig, trom Philadelphia nes Med apo do. to a Continental vort, 5,400 bbls. of refi vate terms; an American. ship, to Sane Antwerp or Bremen, 7.00) bbls, British brig, $14 tons, from a Southern portto the ‘tiver Pilate, lumber, on private terms. Several other vessels were rumored to have been closed, but We Were unabie tolearn the particulars, Motasses.—No trade was reported to-day, with the gaception of ym lmited, iobbing ‘Dusiness ti domostic ‘There was rather more inquiry for toreign, however, but without leading to reported. Wanstelion. We quote = ewe Crop. Cuba, centrifugal and mixed free =a” Cutial clayed. . Cuba, muscovar Porte Rico clish Islands. New Orlcans. Navat Stores. —The m ; B50. 8 76 fot spirite < or futpentine was dul lower, | Sales were revorted on Chanye of 168 6c. Rosin was Pope, Dut "armi held. Bure que saat gs 75083 Tar conginued let rey soninetca quote at $3 50 nd V iy nik at $375. SU bbls, of Washington rst wihin the range. cM,—The market for Tehres continued dull, nominally mead at 1c. a 200. for or March. Ye. remainder of mon’ in bulk was quiet, but steady at 8%4c. sale was reported of OULHC at the inside ri ‘ases were neglected, but see cny held at ac, a 26%4e. ap ed quoted at We. 0 13 Western, and ide. a lige. for city, At the peck the tar Ket continued duit and® {pncknaged: quoted on the roads Mt $2 20 on the upper, $2 4) a on the lower and $2 40 at Oi City. The Philadelphia market was dull and weak; teers for remainder of month or rst half of Mare r We hear of sales of 2,000 bbis. Wpmorinione Receipts—Beet, 114 pack ROVIETONS. —Rece: —Bee! AC! es; cut meats, 4,511 do. ; lard, 2,659 Ula, and. therces and 188 kegs. ‘the Ag! lot, but firm rade swag, mater. market for mess pork was ‘quiet at $18 tor cash parcels. The jobb tely fwir, wit Ubls, of mess at $i ramp. gat $12 an S00 bbls. of Western races trea at Sine $ie 30. Bacon comlsiued “in moderately fair de- Bi mand and about Lal although the tendency was some- "8 fa whatin the Hit vor. The sales comprise :—250 b jong clear At at? vy 108 es Gumberiaud wt ce cs 198 oxes long cle 5c. c., oxes shor' S Coat i “ry aes lear, last half of Suse eot—The Ket was quic but pric Sales were made packages within the range er gonsii to lor plats wees $l 3a $14 for extra mess, DLA; $21 a $22 for prime mess, tierces, and $3.5 $25 for india within the range of 600 0 #3 nd eter Within the range ot lor exas 74 Sales 300 bbis. Cut meats—the ah finued very firm, under a continued fair demand gtd of sales of 415 heroes of pickled hams, bs. Tisge. alae; 900. tlerces of doer tefines 200 boxes ‘of shoulders at 6e evening, sellers, March, at 6c.; 80 vox ee = Eee $ g ‘2 2 changed. Sales 198, tlerces. Contract tierces of choice oe he, i Fate terms; quoted st 87-160, eehiareh, held at terces f April, rahe le i rae farmer at the rad atest ie J base tig c., and — pase es e ee eat moderate! rand nD rans fo Cg S were ely fe , B70 ¥ es de r, rivate terms ae 2 a i ae Hi Pa ining mi 2 Lm 1@, BIKC. Bory, air to h Liat: prin te choice, 9440. etal hae Mo hide Na Kes, LS 8 mals ate , av aiin—Box $e Ht ite, me, f cbrimari SS pr to choice Bie ° ay are age Tg 8 a ‘ie. "Nene Dutch and extra superior, Rice.—The demand ‘ont ede! 4 Inaeket wns sana fair Mf Bee Sie Sotlrees of Carolin 9¢. Oe. a7e., so ws per NreaniNe was in moderate dt of {0 terees ‘om te dock at Ba ne eset TaLLow continued quict and unchanged. Prime quoted ee 618, sid rae eee mote, tel; Spin at ieee DOMESTIO MARKETS 2g Sigtbalen "Epof oa cata se % asec 2a paanany Fel ‘eb. em 6,743. Halen, nBbO tage cr Sorest last evening, ge dete bales; se rs vibe, Bavannan, Feb. 26, 1878. Ar a ped orale ee ro ita Hea Pa mucin 6 +. Bun 100. ap i. a geietetcbgraten, bre ar serdinarys Ue. a cues. Cotton dull; fist eens ae Wr Spirits of per cuete Sart aap PoFs tor strained, Crude turpentine 3 oe foe for yellow dip and virgin, Osw: mete ata S75 ieaty, and ‘ing ae water stent 7 r 0 r White Winter, sil at foul extra, mise, $10 for firm. Com unchanged at Gc. Bacley higher orn 30 for imbolte mo perce. illfeed anchanents boa Sha! P to “Boston, ited ia Ww York, 622.3 Ri er gpeteeognet anh i cnolee otra Sp ent Pat eak and, Bait nai 31 yy seller, Marc! Bs maces pril second t as eb ce 2 wnixed at aie cathy ti Speen sted el for No. jower, Apri: ket ttle, $2 78. Balkiments stand até ‘elle sr itareh mY ke ma ‘shen ae ee ae no tales. Obresad hogs active and higher at ane a few, fancy at a oa atm bat lope aa cores ,c. bi fe. aus nl 00 de ae. Is. our, low col ‘and 4,000 ao. barley. Ny a be BUROPEAN MARKETS, Loxpon Money Mankxr.—Lonpor, Feb. 26—5 P, M.— Soneak and Amerie securities closed unchanged. Erie cots opened at Gaiy a $0X for he, account. United States. five-twent wo any ash Old, 8957 1867's, 9894; ten-fortics, Big; new Fuanrour Bovrse.—Fraxrorr, Feb 2—A M.—Uni ates five-twenty bonds opened at 95% for the issue cae Boursz,—Panis, Feb. 26—P, M,—Rentes closed at LiverPoon Corr ARKT,—LivERPOOL, Fel P. m.“the cotton market closed Gull, Phe tales of sete dag have been 10,000 bales, including 1,000 for speculation export. Of the sales 6,00 bales Were American, cotton shipped | fra from Savannah or Charleston, wate and Februar, LAVERPOOL rrecaye) Renter LT EEOOl, Feb. 26— 5 P. M.—The market for breadstuffs is quiet, Liverroo Pxopuce Mankwt.—LiveRroor, Fen. 26— Beating —Cloverseed, 42s. a 46s. per cwt. for Aierican a ae Propvce Marker,—Lonvon, Feb. 26—Evening,—~ pills ‘turpentine, 47s. 6d. percwt. Tallow, 45s. 6d. per oP rRonEuM Marxer.—AntwerP, Feb. 26,—Petroleum, 451. for ine pale Americal ° “GOAL GOING .UP.” John H. Draper & Co. sold yesterday, at the com- pany’s offices, in Exchange place, 90,000 tons of Scranton coal at advanced prices from last month’s sales, Lump first sold at $3 85 and the balance at $3 9244.. Steamboat coal sold at $420, and gradu- ally fell to $4 0234. The comparative’ rates for the past and present month's sales are as follows:— FINANCIAL. TO INVESTORS, ‘To those who wish to reinvest coupons or dividends, and. those who wish to Imopease their income from means already invested in other less profitable securi- ties, we recommend the:Soven-Thirty Gold Bonds of the Northern Pacific Railroad Company as well secured and. upisnétly produetive. ; The Donds are always convertible at ten percent pre- * miam @.16) into company's tan lands at market prices.» The Fate of interest (seven and three-tenths per cent gall to equal now to about eight sid om one-foutth currency—yield- ing am income more than 6 one third greater than United States Five-Twenties. Gold. checks forthe eomi- anmual fhtebest on the registered bonds are qaaited to the Post office uddress of the owner. AM mayketable stacks! ° mi teeta ete eeeteeee TT tenes ae eather Bee cifics on most favorable terms. JAY COOKE & CO, TLANTIC ee Ce cpr SQUARE f. Gapostied. cnet, before iy 1 draws interest. This ani has a jarantee fur 25, being surplus equal te nine p per cent Es safle fea Toate ©. D. Bamry, Treas. FOserny P. SOOPER. Sew reir. SSESSMENT.—CBOLLAR POTOSI! SILVER MINING Company. 6 coin per share, delinquent Mareb 195 fale April 16. art may be ‘made at of Callfe BS & WALLER, New York, Feb. 24, Aas CTORS, MERCHANTS AND BUSINESS aving Business paper to Sell or Discount, from th AN avid iret or peecne, Mortgages or lw) collater= ge as securit; Gash same, can be accommo- dated! it all ree can ays ro required at lowest market | Sea Address Mi , box 117 Herald Up Towa ranch office. N ESTATE FUND.—VARIOUS SUMS TO LOAN ON nt Pond ane TiTIS E APPIETON: Meo Plog eiveet, 4s SAVINGS BANK HE CITY OF NEW YORK. Taterest om puted from the Ist of a month, =F nid or credited on aap remaining in bank Jani and July Lot each yea wery, southwest corner of Can meee 2 y from WA M. to3 P. M ‘vill renal 5 open on, Mondayaa and h Saturdays until 7PM rp. » German and Fren Bank Books in En, ch. vem A. QUINTARD, President Seymour A. Buxcr, Secreta tary. Grohe, SE, Fane Ear PR RIO Bonds, JOHN B, MANNING, Ree New strecee ee OWES & MACY, BANKERS, 30 WALL STREBT, NEW YORK, OFFER THE SAME FACILITIES TO DEPOSITORS AS INCORPORATED BANKS, AND ALLOW INTEREST ON “DAILY BALANCES AT THE. RATE OF FOUR PER CENT. Hee | BRAINE, STOCK BROKERS, 11 BROAD eet. Stock and Gold Priviley splat, Ang, OM chapeculae eit ama OANS NEGOTIATED ON RAILROAD SECURITIES and other approved SW e's titnay, + ERIE ¥ COMPANY. or RAILWA’ NEw Yok, Feb. 11, sr open e DIVIDEND.—The Siregiors of tors of pis te company, clared a, dividend from, ror th as six months endi Bist oat enicimoe one-half per cent on the preferred stock, and also a divi- dend of one and soeree ih ‘per cent on the common soph, Sonn Oe the ¢ Bee for pa Oe ray of Star rol next at the ofice of Montts Pare, Deusen Sis saturday. Nassau street the ae sige vas the . ty Fine stock will be ‘ole at the Close. ot ney on, Ist day of March next, and remain ¢) until fermog ‘or the ot March. By order of the H. 'N. OTIS, aes ANIC By Sa] st aa B i remy were a by meer eee ieee Hos the thie ne to hay Neale ga parties ock Privilegen, 17 Bxchange place. rpeascay OF THE ERIE Teg es The Erie prey ve Company bes ts ant nnounce: Vonkon after the fst day"ot Maret ‘wes on the capil ack of comm eae fe eee ras Teed the 15th of teach ets Duncan, Sherm: HAVE MONEY TO LOAN ON yaaa ts froin $2,009, ON ou); also for the 00 mane Purchase of go: WANTED TO-DAY eins 1.300 Wiiltive 9100, security. tad Bedieas it $1. and other NESS, box ies He atone 8, 1887, FOR. 9 fet; commisgion a allowed. BARON, $5,000 Mattie $5,000. toes fprove iy Peper NN VaR ty seco! Pore $50. 000 Moraes NEW sia tse FIRST ita SECOND Mone eine pone aed rer tdea i 18 to suil eH a $400 000 feat .000 F ROAy OF. Rf eat aa airkoie 4 000 TO LOAN ON SOHN oe Ki