The New York Herald Newspaper, March 4, 1873, Page 4

4 NEW YORK HERALD, TUESDAY, MARCH 4, 1873.—TRIPLE SHEET. FINANCIAL AND COMMERCIAL, | The Money Market Stringent, with Relaxation at the Close. The Rate on Call Ranges Up to 52 Per Cent and Down to 7 Per Cent. . FURTHER PANIC IN PACIFIC MAIL, The Stock Falls Eight Per Cent to 49. THE “BEAR” CLIQUES JUBILANT. “A Charge AH Along the Line” and a General Decline in Prices, Desperate Attack on Western Union and Erie. PREPARING FOR “THE SPRING RISE.” eee The Clique Movement in Gold—Getting Ready to Unload—Decline in Foreign Ez- change—Government Bonds Firm, WALt STREET, Monpay, March 3—6 P. M, On ’Change to-day cotton was quiet and without essential change in value. Klour was dull, while wheat and corn were @ little more sought after _ and steady. COMPARISON OF THE IMPORTS. The total imports of foreign goods at the port of New York for the week ending March 1 and since the beginning of the year compare as follows :— 1871, 1872, 1873, Dry goods $4,976,506 8, P Gen, mdse 4,563 7: $9,294,736 63,675,992 Total for week.. $9,845,436 $14,600,713 Prev. reported.... 48,252,504 54,842,595 Since Jan. 1.....$58,997,940 $69,443,308 $73,070,728 TREASURY PROGRAMME FOR MARCH, The Treasury programme of bond purchases and gold sales for the month of March is as follows:— Bona Purchases. Gold Sales, March 6........$1,500,000 March 13. March 20. March 27. THE FOREIGN MARKET, Despite the avitation said to have been produced (n London by the discovery of numerous forgeries upon the Bank of Engiand, the cable quotations show a higher market for consols and United States bonds. Erie shares were exceptionally weak, and about one per cent lower. Fremch rentes in Paris were strong and buoyant, and ad- vanced to 57.47. MONEY STRINGENT. The money market was stringent and the rate on call ranged as high as 4 per cent and interest, equivalent to about 52 per cent per annum. The presence of artificial: influences was more visit! to-day, the money clique carrying out the pro- gramme ef advancing the rate in connection with @ raid upon prices at the Stock Exchange. The further demoralization of Pacific Mail helped the plans of the clique, and some effect was also pro- duced by the Treasury programme, which proposes to buy only three millions of bonds against the sale of six millions of gold during the current month, The a TENDENCY OF THE MARKET however, is really to easier rates. A week or ten days hence will probably see a cessation of the present stringency. Money is much more abund- ant in the West, and the rates of exchange on New York in some of the leading cities of that region are back almost to par. The New York banks are expecting a call from the Comptroller of the Currency for a statement of their condition, and hence their conservatism and caution as to extending accommodation to borrowers antil this call has been made. The heavy decline in the market value of,Pacific Mail has already rendered money more plentiful in Wall street than it was ten days ago. This afternoon the rate on call declined to 1-32 (about 114 per cent) before the close of banking hours, and money was accessible in large amounts at plain 7 per cent at as early as ten to filteen minutes past three o’clock. Commercial paper continues neglected and nominal. FURTHER DECLINE IN FOREIGN EXCHANGE, The scarcity of money occasioned further weak- ness in the foreign exchanges and led to a decline in rates both at the desk and on the street. The prime drawers of sterling reduced their asking tates to 1083, and 109%; but sles out of second hands were reported \% a % below these figures. The following shows the new standard of rate Sterling, sixty days, commercial, 10714 @ 107% ; do,, good to prime bankers’, 108 a 1084; do., short sight, 109 a 1099,; Paris, sixty days, 5.30 a 5.25; do., short sight, 5.2114 a 5.20; Prussian thalers, 71 @ 7134; Antwerp, 5.28% a 5,22!5; Switzerland, 5.274; a 5.2236; Hamburg, 943; 95.4; Amsterdam, 39% a 4014; Frankfort, 4014 a 41; Bremen, 9414 @ 9544. GOLD STRONG—114% A 115%. The gold clique, whose operations were con- ducted simultaneously with those of the money and stock cliques, ran up the price of gold to 115% in face of the opposing influence of the Treasury pro- gramme for a sale of six millions of gold during the month of March, In endeavoring to realize they caused the price to recede 1147, but closed it at @ rally to 115, The Sub-Treasury paid out $245,000 on account of interest, and $2,800 on ac- count of redeemed five-twenties. The course of the market is shown in the table: . 115 2PM 115% 3 P.M 115% 3:10 P. M 11645 3:30 P. M. 115 4P.M.. 114% market the rates ranged from {16 for carrying to flat for borrowing. The operations of the Gold Exchange Bank were as fot- ‘OWS i— Gold cleared +++ $44,229,000 Gold balance 1,982,180 Currency balances,.... 2,329,180 THE RAILROAD BONDS. ‘The railroad bonds were less active, and dealings were made up of small lots, The Unien Pacific’s firsts were lower, the land grants nominal and the incomes streng and higher. The following were the bids at the regular call, n@ transactions being reported subsequentiy:— bhew Yor! Cen b's. 183. New York Cen Us.re.. ew York Cont New York Cen 7 ‘salsa nie 7 con tm gid 0) \d E bond: ae 2 Bu Istin, "77 9 Hud 1, 85105" ee ark 101 u Morris a essex Vsti. - 10889 a Morris & Essex 20 in... 97 & NJ southern Ist T's. 74 Pits, FLW & nic lst. 104 Pitta. PW & Cha PEW &© ope eqiba.x wi, | Chie & Aiton s t vy SOUTHERN SECURITHRS STEADY. ‘The Southern State Londs weresdull and prices steady. The Louisianas were nominal and up; changed. The following were the closing quo- tation: ‘Tennessee, ex coupen, 80% a 81; do., new, 80% 981; Virginia, ex coupon, 448 4634; do., registered stock, old, 36 a 42; do, sixes, consolidated bonds, 55% 355%; do. sixes, deferred scrip, 1444 a 1544 ; Georgia sixes, 70a 80; do. sevens, 88290; North Carolina, ex coupon, 31 a 32; do. to North Carolina Railread, 60 @ 61; do., funding, 1866, 22 a 26; de., funding, 188, 22 a 26; do., new, 18 @ 19;do., special tax, 14816; Missouri sixes, 94 @ 94; do., Hanni- bal and St. Joseph, 90a 91; Alubama dives, 57 a 62; do, eights, 82 a 87; South Carolina sixes, 35 a 46; do., new, January and July, 20 a 2034; de., new, April and October, 23 a 26, GOVERNMENTS FIRM, The government list was firm amid the general demoralization at the Stock Exchange, and despite the stringency in money, both of which influences were counteracteU by the advance in go'd here and the higher quotations {for our bonds in Lon- don. The market could not be called active; but sellers were steadiast in their views, and the amount 0! bonds offering was inconsiderable. In fact, its tone and condition were a surprise to those who had looked for more or less depression to follow the proposed small purchases of the Treasury Department during the present month, not to speak of the effect of THE AMENDED-CALL, of bonds for redemption issued on Saturday. The following were the closing prices:—United States currency sixes, 114% a 11434; do., 1881, registered, 1165 & 116%; do. do., coupon, 11834 a 118%; do. five-twenties, registered, May and November, 115% @ 116; do. do, 1862, coupon, do., 115% @ 116; do, do., 1864, do. do., 116% a@ 116; do. do., 1865, do.’ do., 116% @ 117; do. 1967, registered, January and July, 114% @ 115; do. do., 1865, coupon, do., 114% a 114%; do. do., 1867, do. do., 1165 @ 116%; do. do., 1868, do. do., 11634 a 116%; do. ten-forties, registered, 111% @ 11144; do. do., cougon, 11134 a 1115¢; do. fives of 1881, registered, 113% a 113%; do. do., coupon, 113% a 113%. A “BREAK” AT THE STOCK EXCHANGE. As intimated in the HeRaLp this morning would prove the case, the ‘bear’ cliques at the Stock Exchange made a dashing raid on the stock mar- ket under cover of a further tumble in Pacific Mail, an incident or accident which gave them the key to the movement much more promptly than they had planned jor, As for Pacific Mail, it was the subject of a further panic, occasioned by a rumor that its principal ‘bull’? had at last reached the end of his tether and could no longer support his speculation or fulfil his engagements with his brokers. The first sale was at 57, whence AN IMMEDIATE DECLINE to 49 ensued, the stock rallying subsequently to 625 and fluctuating the rest of the day within one per cent of an average of about 514%. The “bear’’ cliques, Who were acting in harmony with the money “squeezer#™ and the gold ‘bulls,’ took quick advantage of the demoralization occasioned in the general market by the fall im Pacific Mail to assail all the leading special- ties of the speculative list. The attack ‘was made with great vigor aud a wholesale offer- ing of stocks, its brunt being delivered ayainst Western Union Telegraph and Erie, in which they forced a decline of 2% a 33, per cent. Excepting in the case of C. C. and I, C., which went off ABOUT TWO PER CENT, the decline elsewhere was confined to a limit of 1 @1% per cent, while actual firmness was displayed all through by Union Pacific, which maintained its ground against the special depressing influence of a Washington news despatch that the Congres. Sou :d mm... Bic 200 Wa 20 U Pac 10's, .ne..x 1236 200. Un Pac 1 sy 200 Alt & TU hs ry Tol & Wab 9% Sow tol ¢ wd 93hy 1000 Tol & W con 3 200 P, Ht W & Ast. lus ‘5000 ovo 40! 5000 TF 2 5 Dei & H Canal. 600 Maryland Coal. 100 Penn Coal.. 100 de 400 Panama RR... lov do: 200 West Un Tel. 100 do. 5g 53: stig 200 SEEEEECELEES SoSe) 3 EEEREREEEE 500 Bidg 100 do. 83, 100C &N W pt, 100 U Pacific ti 200. do. a Chic & 0 M, K & PRK. 100 Pac KR ot © 62 Jo} Atlan & rae pibe 3 Mo. Se ES! SSSSESSSESSLSSETES Fcsseesescessreecte: Seeresee ratatakaratetatatatars a a3! pitts wks Ts c 8 ei 2334 12115 and 2:15 P. M. 12000 WS 6's, "81° c. 11834 ‘SW US S200, 7.0... M6 2000 US 5-20, c, " 148 20, ¢, G10W US 5-20, cy %69..... MAS 300shs West Un Tel... 87% a on Dari sional.Conference Committee had agreed to a bill authorizing the Secretary of the Treasury to with- hold all moneys earned by the company on account of transportation for the government, and requtr- ing the establishment of a sinking fund to meet the payment ef the bonds issued for the building of the road. Furthermore, Panama was buoyant and advanced to 113, At the time money relaxed so greatly, as previously narrated, the general mar- ket underwent a smart reaction, but 5 THE “BEARS” CAME if Again during the last hour of business, and tak- ing advantage of the thinness of the attendance hammered away once more until they pounded the closing prices down to the lowest of the day. ‘he desperate assault on the market to-day is a partial fulfilment of the programme already mapped out in this column as the one adopted by the cltques, in suddenly reversing their position as regards the market preliminary to their operations for “the Spring rise.” The general list endeavored to CUT LOOSE from Pacific Mall, but the “bears” insisted on keep- ing them together for the sake of the depression which that stock exerted upon the others. The “break in Pacific Mail led to numerous rumors that the company had lost very heavily in cash by the speculations of its President, whose resigna- tion was demanded at a meeting of the directors this afternoon, It was also said that the principal operator in the stock had made an assignment in favor of Jay Gould as his largest creditor, a statement which caused no little uneasiness as to the fate of the smaller brokers who had been doing business for him; but up to the close of business no failures were reported, and, it is only proper to say, none are anticipated, HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks during the day: Highest, Lowest. New York Central. I 101% Erie (ex div.) 62'5 Lake Shore.... 915, Wabash... 2 Northwestern 81 Northwestern preferred. 885% Rock Isiand. * 112 St. Paul.. geve 52% St. Paul preferred. 7335 Ohio and Mississipp.. 4435 Union Pacitic.. “ of ., , and I. © 3844 Western Unio! 853% Pacific Mail....... «OT 49 In Philadelphia Reading was firmer, with sales at 11544, but closed at 115%. SALES AT THE NEW YORK STOCK EXOHANGE Monday, March 3—10 A. M—Before C: 100 shs West Un Tel... 89 100 shs Pac M 88 © woo di + 8834 Bul do 0 200 et] 30d 88g 100 WON YC & 1B RKsS 1027, 5000 do... 108 od rt} 100 103! 30d 1024 100 do. Cait 1WC& KI n ww” a 113 30 do. 23% 200 400 Pacific Mil’ SS Go. 57 30d 200 di wa 20 di 500 200 oy 60 rr) on 200 200 B00 = sSEZSEEEEEESEE : 60 106 1 & A old bds. MW Chick Aisi, ©. P & Anew vas., Chic & Altincome Det, Mon & Tol tda.... 9 Ohio & syss eons Buti & brie new bds... 97 Ol.o & Miss con... Lake shore div bds.... 9 Obie & Mis idm, Con, 87 | Lake Shore con r, YB. Bi dolled 10. 3 Tatas WA AU Det tis.o's rade MA BER Ist, 7 SV MA StP ist, Lav " M€ SEP Ist ma, 1 & MD Busy MAStP ud 1a MD Bb fic 14 7'8...; 704 Joliet & Chie Ist m.... 106 Win Pagitic ine 109,. 72° Toh Pa WM Die Oh i ’ Fess & Sus 2d in... 97g si Mich South st bs. We” eteceses: SEEESERSES = 4 51; 1% 5i% 5. as Fa sie os fF Ht 51 514 51% 8, Ny J dy 100 suis Con'C of Ma.. Wo do. 500 Harlem RR. 200 West Un Tel. 1700 do. 200 T, W & W WNYC &H 1500 0 500 1000 100 200 100 25 uu 800 shs Yer Un Tel. jc 3 SESSEESE2EE See22E Tr WON Y © i ds SEE SSEZISERMEREESCEESERSEEE Creer 100 Panama RR Wu do v0 Pac M $25000 US 5-20, 600 US 5-20, c, 1000 U 8 8's, 10-40, | ur. 2130 P, M.—Befoie Call. 100 shs Pac M 8S.. 100 do. 25000 US 6 di 1200 Un P do ao. 200 do. 100B, H& & 60U 0. 100 ds 20 Rock 100 Ohio & M 500 do. a 100 Pac RR o} 20 do. 300 Un Pac 00 Wwe do. do. 10C & NW 100 do. 10H & Std S00 Mil & StU 100 RE f Mo. KR 6 700shs Un Pac RR pr i Second Board—1 P. M. 400shs NYC&H R. 200 51% 3007, W4W RRS s 513, 10 di 8 i 100 200 i 00, i 2000 ot 60 Big 100 52 52 2! 87 600 400 52 400 2 300 5. 82 100 52 100 tx 300 51 200 513 200 51 300 51 400 rs $00 Con Goal 51 ‘300 519 1 1100 2 900 4 OLOSING PRICES—4 O'OLOOK P. M. West Union. North t’n pf. Mame Exe: BS 8 8B NGO Genteal 2 anes Rock Isiand. COMMERCIAL REPORT. Cotton Quiet; Receipts at the Ports, 14,691 Bales—Flour Dull—Wheat and Corn Steady—Provisions Firm — Gro- ceries Quiet—Petroleum Dull and Weak—Nava!l Stores Nominal—Whiskey Dull. Monpay, March 3—6 P. M, There was a rather freer movement in trade circles to-day, although the markets generally re- mained dull and values were to a great extent nom- inal, At the Cotton Exchange there was not much change, the market being quiet, At the Produce Exchange there was a better feeling in most de- partments, while in some there was greater activity and a much more buoyant tone, Flour was still dull, but the market was steady. Wheat was easier, but rather more active, the advance in the gold premium favoring the ship- per, and several loads were taken for ex- port to Great Britain. Corn was dull but nominally unchanged, but sold to some extent for future, There was an especial movement in oats, the mar- ket for which was steady. Whiskey was a shade firmer but quiet. The buoyancy in the pork market heretofore cited has extended into the current week and prices were again higher, the market closing firm, Lard was dull and heavy at the open- ing of business, but became firmer ere the close of ‘Change and the sales were at full prices, an ad- vance being asked at the close. Freights were without especial movement-or change, Groceries were quict but the markets were generally steady. Petroleum was dull and the tendency of prices was downward. Naval stores were nominally easier, but no trade of con- sequence was reported. Corree.—The market was quiet but firm. No sales were reported from first hands, but the jobbing trade was fair atfull prices, We quote:—Rio—Ordinary cargoes, 17\c. a17%c.; fair cargoes, 18i¢c. a 18%c.; good cargoes, 19\4c. a 19}sc.; prime cargoes, 193{c. @ 2c. ; extreme range for lots, 17c. a 20%c. Java—Government bay ; mats, 20c. a 22c.; Singapore, I7c. a 18e. ; Cey: Jon, 18¢. @ 19¢.; Maracaibo, 18c. a 19¢.; Laguayra, 18c. a 19cc. ; Jamaica, 18c. a 19c.: St. Domingo, 16Ke.; Costa Rica, 18e. a 2ve. 18c. a lye.” stanila, 17¢. a fngostar dee. & , old, per Ib, Cortoy.—the market tor cotton on the spot was quiet, without material change in Future deliveries We sum up thus <———Sales Spot Cotton,-——— ruled about steady, To-Day. Sut. Eve'y. Total. Export...... 695 1043 746 Consumption + 193 Speculation. 2 = Tota. - 893 1,179 dh —For tuture delivery (basis low middling) the sales have lows:—Sales Saturday evening | alter 000 at 20 5-16c., 40 OV at Wigc., SOV at 20 6-16c., no notice till 5th; 50) at 2044c., 5-16c.; April, 200 at 20346 1,00) at 100 at 20%5C.. 1L0 at 2035 as lay, 400 av z0¥e., 100 I%e. aldiiie. at zilge., 100 ut 24c.; July, 700 at 2c. 050 bales." Sales to-day up to three P. rc SG 100 at , 400 at 2c., shi 6c, + No notice ; 700 short’ notice; 1,100 at 20% 209. -16c., 50) at 20, 1) ¥ 200 at 2074c., 100 at 2 15-16c., 90) at 20% 1,100 at 5 June, 300" at 214. at at al 214 uly, * 300 21sec. Total, 12,800 bales; grand_ total The receipts at the ae sum up thu: 1,365 bales; New Orleans, 7,634; Mooile, 1,193 L190; Charleston, 1,055; Wilmington, 206} Nortolk, 1,338; New k, 590; Boston, 120, Total, 14,691 bales. ‘This day last vr week, $0372 bales. Thisday'last year, 12,111 bales We Ne up Uplands, Alabama, New Orleans, Texas. Ordinary... 174 17! 5 Good ordinar: Strict good ordinar; Low middling. iddlii 7 corn meal, 400 bbis. and 7,025 bushels; barley, 4,000'do, The flour market remained’ quiet, without noteworthy change in rices, The sales since’ our last aggregate about 7,50) bis. at prices within the range of the annexed quota- tions, Corn meal was quiet but steady at former prices. No. Superfine S Extra State. Choice State, Superfine Weste: Extra Western. Extra Minnesota, Round Hoop Ohic und Hoop O Family St. Loi a. St. Louis straight extra St. Louis choice doubie extra. St. Louis choice tamily.. California. Rye flour Southern : BEEEee ary ees Semecwciasee Sees csats] SEScaScerSs80c: BF SRRSSUSVSSSSSSSTSAES: canes Southern family. Corn meal, Wester: Corn meal, Jerse: Corn meal, Brandywine Baltimore... Caloric. Puncheo —there w: in si export, but the market remained about the same. The sales Were about 45,000 bushels, mainly choice No. 2 Milwaukee Spring, at $165 afloat, but including choice No. 1 Duluth at $172. Other descriptions were nominal, Corn was dull at about 63c. in store and 6c. afloat tor old mixed. ‘The sales comprised about 75,000 bushels at 63c. for old mixed in store, bic. a 6tgc. for new do. atloat, . for new Southern | yellow atlos the pier and 643c. a bc. for new cluded 1m the sales are 50,000 bushels of Western mixed até6le, Oats were stead, The sales foot up about SSRSHRENSSESTSSeersnsans FEREPEES REPS EE DED teD coceee’ 3! 7, - 19 50f. 0. D. pring Wheat for under a moderate de- . 4,00) bushels, at dlc. tor old mixed in store, 48c. a 49c. for dark new Western on the track, dic. a 5c. for new white afloat, 50c. for mixed Western on the track, dic. for choice dark do. afloat_and We. a Sige. for new Western mixed afloat. ey—Sales 8,000 bushels Canada at $1 24, and 5,000 bushels of very in- terior Canada East, for feed, at Sdc. Rye remained 'r8.—Business in berth freights continued light, owing to the scarcity of room. Rates were without no- ticeable change. The chartering demand wes fair, prin- cipally for vessels suitable to the petroleum trade. 108@ closed were at tull rates. ¢ engagements were :—To Lieerpool, by steam, 15,000 bushels grain at 6d. for corn ‘and 7d. for wheat; 1,500 boxes bacon at 40s, ; 2,800 boxes cheese, 453, To London, by sail, 7,500 bushels’ grain at 7d. per standard bushel, The charters include :—An Italian bark, hence to Gibraltar and Cadiz and return, ‘with goneral cargo, at a lump sum of £1,660; two British shina: rom Philadelphia to inental port, each about 0,000 Lols, of refined petroleut yn private term: rit- ish brig, 219 tons, trom the south side Caba to New York, sugar, $6 per hhd, ; a British brig, 275 tons (now in Boston), same Voyage and rate, Hay aNp StRaw.—The de: id has been a trifle more ro ot ne important change ig ha; for May mand prices. 1 15 from #tore ; re- tail qualities, $1; salt hay, Suc. Sie. long Fye ort do., $1 # $109; ‘Se, @ $1, ‘and whea on T5e. Monasses.—Nothing of importance transpired to-day in this branch of trade. Small sales ot domestic were the only transactions reported. Former prices were’ our- reat and as follows :— =8= Be rite of turpentin i; er yuhat Wonk for nd #0) noted at $3 70a grades were firmly held; we haye only to note sal 14 bbIs. of strained at $3 75. Tar and pitch wore in- Active and noinal at previous figures. Petroukun.—On Change to-day the market for yee ruled dull and nominally unchanged; quoted ka Ie. 1944c. for spot or month. im bulk contin neg lected, but wi ily held at 3! ases quote at ie. a 2i¢e, phtha 108 rn and lc, for city. At the Creek the market was dull and still de ; quoted at $2.15 on both roads and $2 2 at Oil ‘the Philadelphia market remained quiet, but prices were unchanged., Kefined quoted at 18'c. tor te pts—Pork, 634 bbls; beef, § packages: .; lard, 2,379 bbls. and tlerces, and 20 S077 dog the market rematued very firm, but We heat Crude elining City. ¢ ye April at $15 23 Of gales of oW bbls, for ADCHL at $18 25, that were jobbed at, $ eas at $14 60. Kacon—Thh ty irk ange IY f rr ‘ho. ; 200 boxes long do. a 734 rattord ti 9c. 5 20 boxes short cleat for ‘April Di tord, at Chicago, s' C boxes Stratford, at Chic fe Boal, ae plain mess; at Beet was me | ét, but the market atedily. Salos— range of $4 @ $11M tor 8 the’ me mess tercos and $24. $27 HOF I " hams were firm at $3) a $33 for Te: Cut meats—The. demand continued m et was firm, Gers, 8c, & dire fede nee Salen e sno! ir sal les of ‘50 Boxes clear bellie: average, at 8c. : 1, ked hams, 1 be average, at isc. @°1SK6.> Gov smoked. shoulders: at Tie. 20 boxes bellies, 12 IDs. average, gc. ; &) boxes backs a4 26 boxes clear do. on pri terms; also, at icago, 9 of long cut hams rd— the Bales 250 tercen apot at sheers 1.0m terves ior March a £00 tierces for April at 8%e. rket for raw continued quiet. There was no corential om Aird pr " iy ‘to note sales of I of hace} and 224 boxes of centri: yey ey » inferior to 10 ic i rocery, fair to go0a, 9. @ Soyer; centrifuzal nhds. ai hhds, ana bi Boxes, Dut 0., 10 to 12, B%C. Mc. & Ce There bKet grocery, fair to choice, 9. a Nos 8 to 12, 73¢c. t0 8c. Jw 0 to 12, 8%c. a 9%c.-Manila—Superior uperior, BC, & 896. Fe Jaess has been iair to-day in both foreign and domestic, and the market was firm ; sales 4) tlorces Uaro- lina at irom 82. 82. 20 peas Banroon atéXe. a Te, and small sales et Patna at 6. & Be. STEARINE Was quict and steady at 3%c. for bhds. and 90, for tierce: TALLOW was also quict, butfirm; sales 50 hhds, at 9e. 75 bbis, ‘The narket was rings, ‘ fair demand; sales Receipts, rate receipts aud bbls, at Slo. DOMESTIO MARKETS, Gatvusrox, March 8, 1878. z Gotten rather Srmer; Fapesinct god orginary Hise Me. iet receipts, 1,4 ales. ports coastwiso, 11056. “ales, 000. Stock, 77,072. . New Onteans, March 3, 1873. geod demand: good ord sige. a 18%; mniddlinys, 19% w 19840, ‘Net re- ceipts, 7,084 bales; gross, 0M. Exportsto Great Britain, 10,1027 to the Continent, Gl71; coustwise, 722. Sales, 1,800; Stoel last evening, 2,800. Monte, March 3, 1873, Cotton firm, in geod demand; middiings, 19:0. low middlings, 18}¥c. ; kood ordinary, Inge. Net Fecelpts, 1,193 bales. Exports—To Great Britain, 2,198; coastwise, 853, Sales, 1,200. Stock, 43,400, Cotton in middiings, Savannan, March 8, 1873. Potton steadier; middlings, 19%c. Net receipts, 1,190 bales. Exports—lo Great Britain, 2,500; to the Continent, 2,012; coastwise, 2,222, Sales, 1,086, Stock, 54,595, Cuaxceston, March 3, 1873. Cotton—The market for low grades is nomina.; mid- dings, 193¢c. a lvige. Net receipts, 1,055 bales. | xports— ‘To Great Britain, 2.217 ; coastwise, 1,98. Sales, 300. Stock, p Loursvitte, March 3, 1873. pigbaceo unchanged and moderately active, Sales 220 8. Osweao, N. Y., March 8, 1873. Flour steady and unchanged: sales 1,200 bbis. at $8 75 for No.1 spring, $975 tor amber Winter, $10 50 for white Winter, $11 for double extra. Wheat firm, scarce and quiet. Corn steady; sales of 1, us Is at 6c, barley unchanged ; Bay Quinte, $1 10, Corn meal, $1 3) for bolted and $135 for unbolted” per ews. | Milifged unchansed; shorts, $2; shipetuits $22; middlings, 825 por ton. Tail road treights—Flour to Philadelphia, 60c. ; to Bosto 3 to New York, 62c. ; to Albany, Bic. Ounicaco, March 3, 1873, Flour steady; sales of extra Spring at 3615 8 $725, superfine spring, $375.4 $3. Wheat active and hgher, No, 2 spring cioudlny at $21, cash, or seller March; $1. seller April; No. 3 do., $1 0, $1US; rejected, 92k¢c. a 933gc.. Corn’ advanced 'and in iair demand; sales ot No.2 x cash; 324¢., seller, April: 304c., seller lay; rejected. 273¢c. Oats in tair demand and higher; sa.es ot No. 2 at26%4c,, cash; 27c., seller April; rejected, 2. Ry farce’ at 640. tor No.2 Burle steady at 72c, for No. 2 Fall, 57¢. Par active and higher at $13 80, seller April: $14.a $15, seller May. Lard active and higher at $770, cash. Bulkmeats steady ; sales of short-rib midd esat6%e., lo packed. Whiskey stendy at Sic." ‘Dresse: a 4 $5.80. Receipts—6,000 bbls, flour, 27. 5 wheat, 46,000 bushels corn, $1,000 do. oats and 12,000 do. barley. Shipments—7,0v0 bbls. flour, 6,000 bushels wheat, 6,000 do. corn, 20,000 do, oats, 1,000do. rye and 10,000 do. barley. Havana, March 1, 1873, Sugar—Buyers demand a reduction; demand tair and market firm; small business: prices are irregular; stock in warehouses at Havana and Matanzas, 100,000 boxes and 19,500 nhds.: receipts of the week at Havana and Matanzas, 62,000 boxes and 8,000 hhds.; exported during the week “from (Havana and ''Matauzas, 17, boxes and 5,700 hhds., of which 14,0 _ bo: and all the ‘hhds were for the United States sales of Nos. 10 to 12, Dutch standard, at 10 reals a 10 reals per arro Ib to yh stgndard, at 1) reals a 14 reals; molasses sug: reals a 10 reals; muscovado sugar, 4 reals a 9% reals tor 934 reals a 10 reals for tair to good inferior to common, refining, 103g reals a I reals per arrobe tor grocery grades. Molasses quiet but firm. Bacon duil at $15 60 a $16 per ewt. Butter quiet and steady. Fi quiet and weak at $1775 2 $18 per bbl. for American. American sugar gured hams heavy’ at, $2 per quintal. Lard easter at $15 3744 a $16 75 per 21 25 4 $22 25 in tins. Potatoes easier at $8 per bbl. tive at $14 25 a $15 per guintal: Onions sold at per bbl. Coal oil, in tins, in fair demand at gallon. "Empty hogsheads buoyant at $475 er Numinal; sales of white pine at $40 a $42 per Ms Pine $38 9 .a'$39. Shooks im talr demand at 124 reals a 24 reals for box, 25 reuls for hhd., 25 reals a 27 reals for sugar hhd, Naval stores steady.” Long shaved hoops buoyant at $112 a $120 per M. “Freights firmer; a rise Is expected ; per Dox of sugar loading at Huvana for the United States, $1 12% a $1 25: hhd. of sugar do. do.. $4 00 a $4 75: per hind. of sugar, trom ports on, the coast (outside ports) for the United States, $5 a $550; to Falmouth and orders jrom Havana, 40. a 42s. todo. from ports on the north coast, 45;. a 47s. 6d. Ex- change quiet and steady; on the United States, 60 days, curreney, 11 a 13g premium; do.. short sight, currency, 13 a 15% premium; do., 60 days, gold, 28 a 2834 premium do. short sight, Zold, 30' a 8035, premitim: on London, 42 a 42), premium ; on Paris, 25 a 25% premium. EUROPEAN MARKETS, Lonpon Money Manket.—Lonpon, March 8—5 P. M. Consols closed at 9244 a 92% tor both money and the ac. count. United States five-tWenty bonds, 1306's, old, 93%; Erie Railway shares, 513 Panis Boursk.—Paris, March 2—P. M.—Rentes closed 34:30 at S71. 47¢. Liverroot Cotton Marxet.—Liverroot, March P. The sales f, 2,000 for a . M.—The market closed quiet and Peron of the day have been 12,000 bales, including speculation and export. "Of the sales 8,000 bales were merican, The shipments of cotton trom Bombay since ¢ 3d inst. have been 31,000 quarters. The sales of the day are estimated at 10,000 bales. Sales otcotton shipped from Savannah or Charleston, deliver able January and February, at9 9-16d. Liverrvoon BrREApsturrs MARKET.—LiIvERPOOL, March 2P, M.—The market is quiet. : LiveRroon Provisions MaRKeT.—LiveRroot, March 3— 2 P. M.—Beet, 843. per tierce for new mess. Chéese, 72s, per owt for the best grades of American Lard, 38s, er cwt. Paiivenroon Propuce Manxer.—Liverroot, March 3— Evening.—Spirits turpentine, 478. 6d. per cwt. Refined petroleum, In3gd. per gallon. Loxpox 'Propuck Market.—Loxpox, March 8.—Re- fined petroleum, 173d. a 1734. per gallon. ‘Tallow, 443. 64, per cwt. Pernoueum Mare, 4f. for fine pale Ameri pease TRA SCT a FINANCIAL. i BELMONT & CO, Bankers, 19 and 31 Nassau street, issue Travellers’ Credits, available in all parts of the world, through the Messrs. DE ROTHSCHILD and their correspondents. Also Commercial Credits and transfers ofsmoney on California, Europe and Havana. ANKING OFFICE OF FISK & HATCH, NO. 5 NAS- Sau street, New York, March 3, 1873. The CHESAPEAKE AND OHIO, the CENTRAL PA- CIFIC and WESTERN PACIFIC BONDS, all of which have been negotiated by us, we believe tobe among the + Nos. #2 s 25 uintal, in kegs: $: ‘allow uc- $1025 Ntwerr, March 3.—Petroleum, best and most desirable investment securities in the mar- ket, which in time must become very scarce; especially pay off during the year, as the government will probat In gold, $300,000,000 five-twenties, and a large amount of money thus released from investment must find its way into this class of securities. The CHESAPEAKE AND OHIO SIX PER CENT GOLD BONDS, the total $15,000,000, are secured upon a property worth $35,000,000 to $40,000,000, and are fully equal in intrinsic value to the Central Pacific bonds. They are issued in denominations of $100, $500 and $1,000, coupon or registered, and at their present market price, 87}; and accrued interest, are very desirable. The CENTRAL PACIFIC SIX PER CENT GOLD BONDS are too well known to require description or commendation. Their total amount is $25,985,000:.they have for a long time ranged in market price near or above par. Their market price to-day is 10434 to 104%. The WESTERN PACIFIC SIX PER CENT GOLD BONDS amount to $2,735,000. This road | amount ot which is only i | 3| 3 2 | now consoll- | | dated with the Central Pacific, and the payment of its | bonds, principal and interest, is assumed by the latter. ‘As they have recently been introduced on the Stock Ex- | l+change we expect to see them rapidly rise to the price of Central Pacifics, being substantially the same in char- acter and value, Coupon bonds, $1,000 cach. Their mare ket price today 181% to 95 We bay and sell, as 1, government bonds, receive deposits, on which we allow interest; make collections, and conduct a g¢heral banking business in all its branches, FISK & ATOR. SONTRACTORS, MERCHANTS AND BCs en having Business Paper to Sell or D . county and having First or Second Mortgages or other collater- als to pledge as security on the same, can be accommo. required at lowest market box 17 Herald Up Town dated with all the Ready Cash a Address MERCHANT, office, A LARGE ESTATE FUND OF $250,000 TO BE LOAN- d ed on first class New York real estate, m sums of 80,100 for Brooklyn, Principals ad- S19 Post office. $5,000 and upward dress EXBOU TOR, A Ry $10,000, $ , $20,000 AND SEVERAL . be her sums Lagess ba fd trust estate to loan on first cl elt, roperty, Without bonus. . Class CY PEOvEELY TULL B, LODD, 85 Liberty street, | rf, in. ysi7A4c.0 17940; low : FINANCIAL, peau YOUNG, MEMBER NEW YORK STOCK AND Gold Excnanges, oMfice 16 New street, New York. OR SALE—100 SHARES N: Pose (ARES NEW YORK MUTUAL GAS ‘AY COOKE, MCULLOO ‘41 Lombard wires Condon. Foreign Brohange, “Cable Circular Transfers. for travellers, available in all paris of the world, JAY COOKE & CO., ‘2 Wall street. OANS NEGOTIATED ON RAILROAD Loa ner approved cotlateraien SECURITIER JOUN B, MORRAY, 93 Broadway. FFICE OF U. 8. ASSISTANT TREASURER, ‘ork, Maren 3, 1873, jew Y During the month of March, 157%, | shall, by order, Pos ornare peer i ly har g re BAO GOLD, isu 1,500,000. RS OF BONDS, Wednesday, March 5, $1,000,000. Wednesday, March 12, 500,00, 1,800,000. Shock for Five per cent of bi check for Five por ce be deposited therewith. Froposais wll i cromemns led. o'clock, noon, each day specttied.” The Treasury may, ad {ts cpuon, accent offers of lppabn, acter] eders of bonds or bids for gold tn oxen Prin.ed torms tor proposal s with the regulations to be bserved, will be turnished a | eerretOs, MILLHOUSE, Sel ket treasurer, U. & FICE OF U. 8. ASSISTANT TREASURER, In conformity with ugrieuen age iy sPL the ‘Treasury, notice is hereby ven 10 the hollers'o°3 ica es, ixgued under the Bar sent tomporar oe oe aes i. act ‘arch 2, 1867, and Ju at - ficates dated from April 10, 1809, fo Januar: Ps tuah oer denomination oi $%,000, between the numbers five thou: sand six hundred and fiity'two a ani five thousand seven hundred and sixty-tive (5,765), inclusive, and of the denomination of $10,000, between the numbers five thou- sand five hundred and sixty-four (6,364) and five thousand six hundred (5,600), inclusive, will be paid on presenta: tion at thisoffice, and that from and after the 30th day of April, 1873, such certificates will cease to bear intere: and will be no longer available as a portien of the lawt money roverve o. any National Banking, esociation, THOS, HILLUOUSE, Assistant Treasurer, U. 8, FFICE ERIE RAILWAY COMPANY, Nuw York, Feb. 11,1873, DIVIDEND.—The directors of this company have de clared a dividend trom the earnings of the road fer the sx months ending 3lst Decemoer ultimo, of throe and one-hal! per cent on the preterred stock, and also a divi- dend of one aud three-quarter per cent on the common s‘ock, from the earnings of the road tor twelve months ending becember 31 last, both payable on the py day of March next, at the office of Messrs, Duncan, Sherman & €o., No, 11 Nassau street, to the registered holders ot stock the closing of the books, The Transter Books for both preferred and common stock will be closed at the close of business on Saturday, the Ist day of March next, and remain closed until the morning of the 17th ot March. By order of the Board. H, N. OTIS, Secretary RIENTAL SAVINGS BANK, 430 Gran | street. Open daily from 10to 3, and Monday and Saturday evenings from 5 (0 8, Interest on new deposits begins 1st ofevery mon h. wividends in January and July. Dratts on Europe soli . ANTED--FIRST MORTGAGES ON NEW ¥ORK ‘ms. Apply at 33 Wall street, room 14. TANTED—$300 (THREE HUNDRED DOLLARS), AT two per cent per month, for six months, Address MONEY, Herald office. TO $60,-00, IN VARIOUS SUMS, TO LOAN— $1 O00 "Oritbrtgaze, in Westchester or New York, Mortgages purchased. Apply to G. W. DILCHETI, No, 2 New Chiambors street. 3 (00 72 LOANSON BOND AND MORTaAGR, ee on New York or Brooklyn; also larger sums, GEO, H, HILLYiR, 82 Cedar street, room J TRUST FUNDS TO LOAN; $60,000 TO 15.000. buy, Morty exon New Volk” Property. ‘rinelpals only apply to SPENC#R C. DOTY, Attorney, 23 Union square. 125.000 72, 2QA%cO%, BEAU, ESTATE IN | this éity, in sums of $5,000 amd up. wards, Second Morigayes negotiated. Apply to JOHN F, CONREY, 162 Broadway, room 8. $350.000 TO LOAN ON BOND AND MORT. gage on New York city, Brooklyn and New Jersey improved property, WELLS & sWAiN, National Trust Company Building, 262 Broadway. $4.00.000 TO LOAM ON NEW YORK, BROUK- lyn and Westchester Real Estate, in sums to suit; no bonus required; term of vears. ©. BE. WILLIS, Montauk insurance Company, 163 Broadway. COPARTNERSHIPS. NOPARTNERSHIP.—THE UNDERSIGNED, UNDER the firm name of Woglom & Miller, have this day formed a copartnership for the manutaciure and sale of fine jewelry, at $2and 34 John street, corner of Nassau street, New York. GILBERT T. WOGLOM, February 15, 1873. LEVI MILLER, HIP NOTICE.—MR. JOHN BOND, (oparty ; former partner in, the firm of Bond & O'Neill, has resumed his interest in the concern from this date. CHARLES O'NEILL, bin eres Tey Fe he lee. ym the above notice, ereby confirm ove No’ Saetmaiati ISSOLUTION.—THE COPARTNERSHIP HERETO- fore existing between the subscribers is this day dis- solved by mutual consent, J. ered will continue as JOHN SEEKAM. their successor. P Maxcu 1, 1873. F. WILCKEN, HE COPARTNERSHIP HERETOFORE EXISTING under the firm and name of Taylor & Allen is this day dissolved by mutual consent. W. W. Tayler will continue business and sign in liquidation. , W. TAYLER. New York, March 3, 1873. WIS M. ALLEN. Se eo LIFE INSURANCE. The Proposition for Monthly Statements by the Several Companies in thia State. There 1s now before the State Legislature a bill in relation to life insurance companies, which ia intended to compel. said companies to make monthly statements of their loans and other financial transactions, so that the insured may be able to learn, from time to time, exactly how the several companies stand and be enabled thus ta compute their own profits or losses in connection with the companies. It is claimed that the amount of money controlled, directly and indirectly, by the life assurance companies is more than the en- tire national debt, and that such immense fiduciary trusts should be subject to more frequent and more stringent public scrutiny; that the commissions paid to agents and solicitors are in some cases ex- traordinary, and that the fact that such commis- sions can be and are paid shows that there must be agreat deal of money made by the companies, @ share of which, larger than is now accounted for, should go to the benefit of the insured in the mu- tual companies. The bill referred to is as fol- lows :— Ay Act tor the better information and protection of the insured in the life insurance companics charvered under the laws of, or doing business in the State of New York. ‘The people of the State of New York, represented im Senate and Assembly, do enact as follows:— Section 1.—It shall be the duty of the treasurer of each life insurance company chartered under the laws of the State of New York, or doing business therein. to make monthly statement, under oath, of all loans of the run; ot the company made during the month, to whom m: at what rate of interest, and the natare of the securit taken therefor, with all cemcerccs avowed to any F procuring si 5 eae re rahallaigo be the duty of the treasurer of each foreign lite insurance company joing business in the State ot New York to make a like monthly statement of the funds ofthe company made within the State. Suc. Re such satement shall be made to the Superin- tendent of the Insurance Department of the State of New York on the last bt ‘of each month, and shail be published by such compan blished in the State newspapers puthe Superintendent of the ‘Insurance De- partment; one of such pa shall be Posen in the BAY of Albany and one in the city of New York. ‘eo. 4—The Superintendent of the Insurance Department shall incorporate in his annual repo nopsis of such a Statements so made by said treasurers of said companies oe ote Thi také effect immediately. HOME FOR THE AGED AND INFIRM, The Chapin Home for aged and infirm males and females was dedicated yesterday afternoon. The building is situated at the corner of Lexington “avenue and Sixty-sixth street. Itis a handsome brick edifice, five stories high, and was erected at @ cost of $75,000. The incorporators are all ladiea connected with Dr. Chapin’s church; hence the name of thecharity. It will com(ortable accommo- date about fifty or sixty persons, giving to most of them a separate bedroom. An entrance fee of $30018 required, those who pay it being provided for the rest of their lives. The religious exercises at the dedication were participated in by the Revs. Chapin, Pullman, Ar- Mitage, Bellows and Sweetser. An entertainment was given in behalf of the charity last evening, consisting of music and dancitig, and it was qui successiul, a considerable sum of mogey having been realized. — THE ee OME Te SHOOTING To THE EpiTor OF THE HERALD:— Your report in to-day’s HeRaLp of the procees ings in the Wiiliamson-Malmquist shooting affray does great injustice to both my client and myself— unintentionally, I believe. During the examina- tion not @ word was uttered about Mrs. Maimquist, nor was any offer even made by counsel on either side to connect her with the case. The examina- tion was as to the complaint of Malmquist again: Williamson, and, atits termination, Justi¢e Coult clearly announced his opinion that there was not & particle of evidence to entitle him to Mold my client. It was the complaint of William: ins Maimquist which, at the earnest request of Maum- quist's counsel, Was dismissed oy consent. HENKY DILLON PURROY, No. 6 Pine street. New Yorg, March 1, 1873,