The New York Herald Newspaper, March 12, 1873, Page 5

FINANCIAL AND COMMERCIAL, An Active Demand for Money at Steady Rates, i The Extremes on Call 7 Per Cent Coin and 1-32 and Interest. ADVANCE IN FOREIGN EXCHANGE. The Secretary of the Treasury Reported to Have Begun the Issue of More Greenbacks. Wail Street Watching His Chances for the United States Senate, THE GOLD MARKET STEADY. An Active Morning and a Dull Afternoon at the Stock Exchange, Pacific Mail Advances One and Declines Two Per Cent—Further Rise in Rock Island—The Plan for the Resuscitation of Boston, Hartford and Erie—A Fall in Penn- sylvania Railroad in Philadelphia and a New Issue of Stock. 1. STREET, }: TUESDAY, waren 11—6 P. M. On’Change to-day the market fer cotton was irregular, being 3c. per Ib. easier for spot lots and 1-16c, a 3c, per lb. firmer for future. Flour remained dull, wheat was nominal and corn about steady. THE EXPORTS OF THE WEEK. The total exports ef domestic merchandise from the port of New York during the week ending March 11, 1873, were of the currency value of $5,308,314, THE FOREIGN MARKET, ‘The London quotations came weaker for consols and lower for United States bonds, as if the market ‘were unlavorably affected by the loss of £100,000 coin, which was sent into the bank in to-day’s bal- ances. The new French loan was unchanged. Erie shares opened better at 52, but subsequently de- clined to 513, 51%. French rentes were strong and higher at 56.75, possibly owing to more fayor- able symptoms in the case of President Thiers, MONEY ACTIVE AND STEADY. The money market was active, but at a steadier range of rates. The earlier dealings were at 1-32 fat to 1-64 and interest, the rate declining gradu- ally to 7 per cent coin, which it reached between two and three o’clock, In the interval to the close of banking hours the demand became ore active again, and as high as 1-32 was paid in addi- tion to7 percent, the last transactions being at 1-82, which rate was as nearly as might be the average of the day’s business and is equivalent to nearly 11} per cent per annum. Commercial Paper continued nominal at 9 a 12 per cent dis- count as the quotation for first class names, FOREIGN EXCHANGE FIRMER, S sua contified relaxatiba Tn the gold ioan market induced further firmness in the foreign exchanges, and the leading bankers advanced their rates for sterling tu 10844 and 109 for sixty-day and sight bills respectively, but allowed a liberal brokerage. The market lost some of its firmness at the close in consequence of the more active demand for money late in the day, and sales of sight bills were reported at 108%. The following shows the new standard of rates :—Sterling, sixty days, commercial, 1074 a 107%; do., good to prime bankers’, 107% a 10334; do., short sight, 1085 a 109; Pai sixty days, 5.321 @ 5.2734; do., short sight, 5.2334 a 5.2234; Prussian thalers, 70% a 71%; Antwerp, 5.30 @ 5.25; Switzer- Jand, 5.30 a 6.25; Hamburg, 944; a 95; Amsterdam, 39% a 40:4; Frankfort, 40}¢ a 40%; Bremen, 9454 a 96. GOLD STEADY—115 A 115%. The gold market was steady at a comparatively narrow range of fluctuations, the price having been confined within the limits of 115 and 115%. The variation from one to the other of these extremes took place in sympathy with the dearer rates for: carrying gold on the one side and the firmer tendency of the foreign exchanges on the other. The two extremes were also touched during the last hour of business, the market going off to 115, ‘with the more active inquiry for money, but sud- denly recovering to and clesing at 1154 on the announcement from Washington that the Secre- tary of the Treasury had begun to use the $44,000,000 legal tenders in order to supply him- self with funds to meet the current heavy DEMANDS UPON THE TREASURY. This statement was coupled wit the information that he would probably cease to buy five-twenties, but would not enlarge the weckly gold sales, In this connection we have the following view of the matter mn a special despatch this afternoon to the Bvening Telegramim ~ Unsual interest eehtres at the Tieastity Depart- ment to-day, on account of the large disburse- ments and the Hid reduction of the currency balance. Thé Secretary has received a number of telegratis asking what he will do. His answer 18, invariably, “That will be decided when the vemergency arises.” He repents that he will make use of the $44,000,000 reserve if he thinks best, Every warrant will be promptly passed. The im- ression is that Mr. Boutwell, just at this critical nncture in his political future, will not use the re- serve, but sell gold. The customs receipts are in- creasing weekly, and the interest on bonds is not due until the 18t of June. In conversation with Assistant Secretary Richardson he said that Mr. Beutwell ha@ not made up his mind, but his own opinion was that he wouid sell gold. THE COURSE OF THE MARKET 1s shown in the following tale of the principal fuc- , tuations of the day:— ane ~ 2:30 P. M. 15 3PM. 15 3:20 P.M. +» 116% 3:30 P. M. » Mb 3:50 P. M. wees 115K 47. Mice scA15)¢ @ 115% In tne gold loan market the rates ranged from 6 per cent per annum to 3-64 per diem for carrying. ‘The operations of the Gold Exchange Bank were as follows :— Gold cleared + $139,250,000 Gold balances + 4,312,786 Currency balances.... + 6,887,680 ‘The Sub-Treasury prid out $09, 000 on account of interest, and $7,200 on account of redeemed five- twenties. THE RAILROAD BONDS, ‘The railroad bonds were dealt in to a moderate extent at firm prices. The more active features were the Erie, and Boston, Hartford and Erie mort” gages. Erie fifths seid at 99. The following were the bids at the call as amended by prices in subse- quent dealings :— ew York Cen b's. 1683. 94 Del, Lack & W 1 Rew Jerk ven ¢ ih vig Dell Luck & We et ei a ae New York Cen ¢ Tol ‘e Wab lat m, ox, Dew York Cen t's, tab iu Rew York Cen 7's. 70... Brie jet m, extended. Jus ti xd im, 7 @ Tol & Wab 2dm.. Tol & Wab equip tdi ‘Tol A Wab con conv. Hau & Naples istm Gt West ist m 1888, Morris & Essex Istm. Morris & Essex vd tn. By Cen ist m,n. Pits FuW a Chie tet Pius, FW & Chie . Pitts, FW & Chie Chev & Pitts 24 m Cley & Pilts dam Chto Aftncome.. Ohio & Miss con s Olio & Miss con Union Pocs im Union Pacitic ine 10%. 73g diinois Cen ey ns, ny Gol, Chie Ans iste. alta rer i ist 10 Col, clio a dnd 2a & Ter dau, ing,’ & Tora We D.. sooraesst SECURITIES DULL. The Southern State bonds were dull and steady. The Tennessces were strong and moderately active, with an advance to 83, The following were the closing prices: Tennessee, eX coupon, 624 & 83; do,, new, 8a 83145 Virginia, ex coupon, 46 a 47; do., registered stock, old, 37 a 42; do., sixes, consolidated bonda, 66 @ 57; do. sixes, deterred scrip, 14 a 14%; Georgia sixes, 70 a 80; do., sevens, 88.490; North Carolina, ex couvon, 30 a 33; do. to North Caro- lina Ratiroad, 60a 61; do., funding, 1866, 20.8 26; do., funding, 1868, 29 a 24; do., new, 17419; do., Special tax, 13 815; Missouri sixes, 93% @ 9436; do., Hannibal and St. Joseph, 91 a 9144; Alabama fives, 57 a 61; do. eights, 80 a 85; South Carolina sixes, new, January and July, 18% @ 20%; do., do., April and October, 20 bid. GOVERNMENTS STRONG. The government list was strong for the ten-for- ties and new fives, and firm for the five-twentics. The carrency sixes were exceptionally heavy and a trifie lower. The following were the closing prices :— United States currency sixes, 118% a 118% ; do. do., 1881, registered, 1163, @ 116% ; do. do., coupon, 11834 41183¢; do, five-twenties, registered, May and No- vember, 115% @ 116; do. do., 1862, coupon, do. do., 115% @ 116; do. do., 1864, do., 115% a 116; do., dO., 1865, do, do., 11634 @ 116% ; do., 1867, registered, January and July, 114% a 115; do. do., 1865, cou- pon, do. do., 114% a 114%; de. do., 1867, do, do., 11634 @ 116% ; do. do, 1868, do. do., 11634 a 116% ; do. ten-iorties, registered, 1103¢ @ 111; do. do., coupon, 110% @ 111; do, fives of 1881, registered, 113% a 118% ; do, do., coupon, 113% a 113%, STOCKS ACTIVE AND STEADY. The stock market was steady in its general features, with during the earlier portion of the day ® pretty active business. In the afternoon a lull took place, the interest of brokers and customers being diverted te the pregress of the balloting in the Massachusetts Legislature, as reported by the news slips, Mr. Bouwtwell’s chances for the Senator. ship being closely watched and earnestly dis- cussed, According as his prospects brightened the market assumed a firmer tone, on the theory that hus successor, Judge Richardson, would be mere friendiy to the “easy money” interest of Wall street amd the country generally, although the presence of the SHARPER DEMAND FOR MONEY this afternoon led to a temporarily heavy feeling just about three o'clock, which was relieved to some extent by the Washington report, already mentioned, that the Secretary of the Treasury had commenced to make use of the $44,000,000 legal tender reserve for his } present wants in the way of currency, his supply of “the needful’’ having been, a8 was jocosely explained, suddenly absorbed in paying the departing members of Congress their sell-voted extra or back pay, the appropriation for which had not been provided by the economical, low-balance Mr. Boutwell, The wider and more important fluctuations of the day were in Pacific Mall, to the extent of two per cent, and in Rock Island to the extent of one and a haul per cent. It is said that THE PACIFIC MAIL POOL objective point of the movement, and then un- loaded, a theory confirmed by the closing decline to 60, The operators in this ‘pool’? include, so it is said, the Stockwell brokers and their latest allies, the Jay Gould party. Rock Island is, of course, to be “leased to the Pennsylvania Railroad.’ The “pufie’’ say that this project isa certainty at last. ‘The rise is referable iti good part, however, te the approach of dividend day. Atlaptic Mail fell to 346 on the foreclosure sale of two of the steamers of the line at auction to-day. A ‘corner’ is reported to be preparing in 0. C. and I. C., which sold at 41, seller sixty. The “new deal’ in Boston, Hartford and Erie comprises an agreement between stock- holders and bondholders for a joint recapitaliza- tion of their interests on a basis of one-half these interests, The matter will be found fully reported further on. HIGHEST AND LOWEST PRICES, ‘The following table shows the highest and lowest prices of the principal stocks during the day :— Highest. Lowest, New Bae Central 106: 1054 Erie. 6439 94 rt 13% transactions) 8934 116% se transactions) 46% Union 35, 85% C., C 41g 4034 Western Union Telegraph 87 Pacific Mail..........+ 60 In Philadelphia Reading was better and closed at 115 a 1154. Pennsylvania railroad shares tumbled to 116, but rallied to1180n the announcement of the award of new stock at par to present stock- hoiders in the proportion of 1 to 3, the first cash payment of 50 per cent to be made May 1. REPORTS, ETO. The annual statement of the Washington Life Insurance Company of this city shows the net ‘as- sets on the Ist of January, 1878, to have been $3,- 120,221, against $2,589,016 the year previous. The gross assets on the lstof January amounted to $3,426,208, out of which, after deductions for “cash reserve” and liabilities for claims due, there was a surplus of $442,959, The receipts for premiums during the year 1872 were $1,032,413, SALES AT THE NEW ‘YORK STOCK EXCHANGE. i" ‘Pucsday, ‘Mareh ausinds: A.M. ao us f-0, ¢, %62. $5500 U: 5 5-20, ¢, 65, i. it 1000 Use. Dateien Mood Us 220% 6... 16M 10000” do: 10 A. M.—Before Call. 2545 Spee es CFR EL 87} do. . 106) 100shs Md Coal Co. ei ) ete. : SEESEEUESSESSESE First Board—10:30 A, M. ae, Os, new... 7 bp ©, CalC.b bhi & Bo 8, MeERR 60 20 N'YO 4H R itiebs 101 1000 Lake Shore con y 2000 Un Pate ist mh... 5ehs Am Ex Bai 10 Bank of Repub 12 Phenix Bank 10 Bank of Com’ with S Central ee BY oo. “Oe vie TLS &M SRE oy do.. 1 M0 . Wa 2 Penn Coal 200 Quick M Co Tan the quotation up to 62, which was the present 60 Adams Ex.. 95 100 50 Wells-Fargo Ex..); 83 200 100 US Express......) 73% 100 100 Am Mv Tie 1200 500 ag M0 ti 500 6133 200 Mt 700 613, 100 in sy as 8 i ino 13 800 ur 20 61%, 300 nT 3 ay 20 neg ie ay 88 900 ard % é é iso a 1300 2000 400 Bae § & and 2:15 P. M. OOD EES 0-0 2. tN 14! US 5-20. ¢. °68.b¢ nit US 35, s, 10-40, ¢ gS Snes P.M. 200 ahs Wrest UnTel..c 87% 100shs 35 600 8783 800 Mic! 100 wuoL> - % 300 200 100 8734 700 94 500 100 P: 124 10 873g 100 14 100 500 10% 200 At 3. 400 4 oho fac 61% 2000 ni 400 61% 2500 uz 100 G13 509 7. 50 e* 1100 ny 100 61% 200 4 2 i. ys 1400 a iw 8 Iw 61% 300 “ # cd 800 61 lua 6) fae & 100 106 2 600 106; 40g 500 105% 900 400 do. 105% 1400 100 Erie Ri 100 20° 65% 1000 300 do 65" 1000 200 Hartem ‘Rit. 13636 | 1000 . Second Board—1 P. M. 83 4 oy 13 di 109 Maryiaiid Codi-be 2 100 Mar’ Ld S cS ARBAB ad a my una iit, be. bs 3 35 Est c & 2% S55; ® F Se: ES Sreee eer gaps s2ee2 EBLE Eg8= eS BEe: £2: SEES ESEESESESESSESELSSESE: shi 54% 50061 We 87, 2600 87° 200 874 100 500 874 100 1500 835 iB is 100 8744 my 87 FA : 8 we ‘200 te 200 61 300 0 61 600 rt 500 700 SEETESEEELEEE SESCELEEESESTEES a fas 7% 10 4 40 ry hd Ba Northwesteru., 852 a a 4s BOSTON, HARTFORD AND ERIE. The “New Plan” of Reorganization—The Debt To Be Capitalized at Fifty Per Cent. A few weeks ago the Boston, Hartford and Erle Railway Company was thought so hopelessly mori- buad that the infusion of tried EXECUTIVE CAPACITY into its management was deemed too late to help the suffering stockholders, Nevertheless the new management set to work to bring order out of the chaos of mal- administration left by their predecessors, The condition of the corporation was briefy aa follows:—Track had been completed from Boston to Peekskill, @ distance of 290 miles. To construct and operate it so far @ stock debt had been incurred of $25,000,000; a bond debt of $21,000,000; a floating debt of $7,000,000; $20,000,000 was in the shape of first mortgage bonds, taking the name of THE BERDELL MORTGAGE, Berdell being the name of the trustee ef the issue; $1,000,000 was a@ prior lien, even, to the first Mortgage bonds, being an issue to cover certain bond and stock debts te lecal roads, which were absorbed by the main corporation. Of the so-called first mortgage bonds $5,000,000 haa been guaranteed as to ae and negotiated by the Eric Railway te olf they aver, under an implied contract by the ber. rowing corporation tocomplete the remafning hun- dred miles of the road. The actual management of Boston, Hartford and Erie passed out of the con- trol of its directors four years ago by virtue of a DEPAUL? IN THE PAYMENT of interest on the first mortgage bonds. Since that time it has been operated by tnree sets of men, ‘The trustees of the Bei mortgage operated It untila Court order pu’ into the hands of re- ceivers appointed in the interest of the creditors of its floating debt. These in turn were displaced by assignees appointed under the United States Bankrupt law, The result was the same in each ease. The garni of the road sufficed to pay ac- tai expenses, and any surplus was abserved in legal fees, The Berdell mortgage was LEGALLY PORECLOSABLE my the 18th of this month, andeuch @ step would once ed out the interests of all other parties, the Erie Railway Company, to protect its inter+ ests, filed a bill in equity in the United States Dis- trict Court of Massachusetts to restrain the tru: tees from forming any new zation affecting the existing status of the cerporation by foreclo- sure; also from disposing of the iranchises of the road under such foreclosure. The step was one fo Which all the non-preferred creditors were inter. ested on the side o1 Erie, as the foreclosure could ouly result in jiquidation of the FIRST MORTGAGE DEBT by carrying with it power to constract a new cor- poration, possessing all the iranchises of the old and none ot its debts, ‘The several meectil of the stockholders held lately have resulted in the follewing plan:—All non-preterred creditors are to rppese the fore- closure. Jn the event of a successful termination to the suit, the whole indebtedness of the road, stock and otherwise, 1* to be capitalized at Alty per cent, This would enable the corporation to reor- ganize with an ORIGINAL INDEBTEDNESS of less than their present stock indebtedness. The stockholiers have already negotiated a $10,000,000 joan in London, conditioued upon the saccess of WEDNESDAY, MAKCH 12, 1873.—TRIPLE ‘SHEET . this scheme. With this amount in hand the new direction could speedily complete the line to New- burg, and ratiroad men generally believe that the connection Coe pent make it one of the best paying roa ‘The argument on the enedion will be heard in Boston to-day, The coalition will be represented Hon. B, ¥. Curtis, Geueral Butler, Messrs, Mac- ‘arland and F. A, Lane, If it should terminate favorably to the coalitionist the success of the new plan is almost eneureg. COMMERCIAL 1 REPORT. gh bits Cotton Irregular; Receipts at the Ports, 16,611 Bales—Flour Dull=Wheat Nomi- nal—Corn Steady—Oats Firmer—Pork Firm—Lard Easy—Groccries Generally Quict—Petroleum Easy—Naval Stores Dull—East India Goods Quict—Wool Quict—Whiskey Lower, Tuespay, March 11—6 P. M, ‘The trade movement continued slow, the rain Storm imparting @ duller appearance to trade marts than ever. Scarcely anything was done off ‘Change, and ‘very little on ’Change. Cotton re- Mained dull and nominal. At the Produce Ex- change there was almost nothing done in flour or grain. There was no freight room of consequence available, and there was accordingly no demand for shipment, Flour was very dull and some- what irregular some grades being held firmer, while others were a shade lower; but there was no manifest inclination to make extensive purchases at any price. Wheat was duli and nominal. There was no freight room to be had, and there was no demand either from shippers or millers. Nevertheless, there was no pressure to sell, and prices were merely nominal as quoted under the appropriate head. Corn was very quiet, but nominally unchanged. Oats were less active, but firmer, Whiskey was easier. The movement in provisions continued fair and prices were firm for almost everything. The move- Ment is mainly for shipment, and provisions nowadays comprise the bulk of outward bound freights, Pork was firm, especially ior lots for im- mediate delivery. Lard was the turn easier. Freights and charters are nominally the same— scarcely anything being done outside of provisions and petroleum. Groceries were generally quiet, sugar being the only article dealt in to any extent. Pe- troleum was quiet and easy. Naval stores were dull. Wool was quiet, but unchanged in price. Asuxs.—Receipts for the past week 56 packages. The market for pots was steady at $8. under a fair jobbing de- mand. Pearls remained entirely nominal. Burupina Marerias.—The demand for brick nas been ght, it, with prices ruling the same Lime met with rather more inquiry ¢ '@ quot land, cominon, $1 50; do. I re Cement remained qui ndale quoted at $1 60 per bbl. jet at unchanged pidees! ‘Lath a $2 40 for Eastern apruce. sata am ly 65 Canpuxs.—There has been a fair jobbing demand fo all kinds, and the sorehy ot pereaing was hardly up to the requirements ot the Prices were steady at Sle. for sperm, 40c. a 42c. for patent do., 88. a 38c. ior 2c.’ a 29c, for siearic and 20c, atte. for ada- Correx.—The market for Rio continued dul, with a pesmrrpie eudeney octal prices. se low ight & Co.'s telegram is at_han Rio, February 13, bie States sin lots, 9 $400: Atl Tending and shaban for ane vane iabaten’ 8000 48,000 bi Februar, exchange, Messrs. William Scott & Sons report t stock of A huie in. the United States sate date as follow New Orleans, 16,467; a Baltimore: 8ho0; New York, make no chung a our’ Je quote: —Bi rn c.; fair cargoes, 19. a 19) ae Beime om Die. a eh (5, doo. a do, Nines vA ie Maracaibo, igo aye, "Porto Hico, ier a ie, ia q be ‘or’ a 3 Ce Mexican, Ibi to oe shane 1B Anas a 19.5 nila, [8c. coa, 18e. ier? eel per Its 0 and 9 day: i dull and so unsettled that acen- rate val gps Paul ht not be obtai tions ard ied. The sa ed uote t jolly nominal and p robably 4c. above the bi te of pny. extensi sive Hoy er ae nt fact the bigs erate dr, feilvery? ft aated a more marked red on excited Rrloee showin ever, an raprevenant of 1.1 final S seiten lineata Consumption & 04 Speculation... = EF ‘a2 913 —For tuture deii ows: Sales, vesterda 1. Ergi Pata: fs: gov Pas 400 at 1 “AW S16c, > AFotalr 11000 belek Satu M.=-Marel, 40, at is 300 at 1 5-16 t 19c. si Baie iit at) at 2 Side Side 100 ew "side 7a York, Cine nee ‘on cot: fois lowing figures :—To ony essed; to ‘ortoll orton, 113, Total, 16,611 bales. “inte a bales. This day Inst year, 9,116 bales, ton to foreign ports closed at'the Havre, by Sy ia a Lge. jamburg, steam, com) 4 a 4 to. bay rere, By e eto b: naa Nae re Miter aw gene. ses ram few leans. Texas. Ordinary. 104 16s 1644 Good ordinar: ary Weis Bitlet kood: rh inary 4 1 i Low ae Ky Siading: . 2! Good mi ii 2 225, é based on cotfon in store, running ie ten, as Wiimington, 104: 229; HA ike > wall, —The quotation: quality not nore than halfa grade above or below the grade quoted. Frouk an G ts—Flour, 7,800 bbls. ; wheat, orn, 14880 do. 5 corn ‘neal, 400 Boise and 31,925 bushels, The flour market was irregular some grades selling rather were firmer. ‘sales aggregate host 100 ble. at prices within the range ofthe senaeea quotations, Corn meal continues dull and unchanged; Dbl of inferlor coarse gold at $3. $316, We quote: No. 2 State...... « Ba & B Ba Ba Wa li Round Hoop ie shipping brand: Ba Round Hoop Ohio, trade brands a BSeaS ens: St. Louis ‘choice double St. Louis choice family. Calliornia. S8sRshoseesesssec: @° wuuBoacad PE Rp ee eee eEED 2 3 S42 $3 PRP San seas SESSSesssssaeees spueats S38 ‘= ash sie io rechgice Me B nized 6c. for old mix moth were firmer, but ht The sales foot up about lack and Bic. for white, a Natioat, afloat, 50c. a ie, for hew ‘ixed, affoat, 50c. for white State,‘on the or old. Im store, ak, remained eee ay Sales bushel four rowed State baa anada held within the Fahge of $1 2c. a $1 Be. frye Lire ained dull and nomi- aa Last sales of Western wei Faetoats.—For berth freights the quiet, owing to the searcity of roo > anged. In the chartering line a be if business was con- wuinmated, but rates were scarcely so firm. The en- kagements were :—To Liverpool, by steam, 16,000 bushels of yraw, transferred, at ae to Antwerp, 300 tons of measurement Boot thee ters Were —A ined do. at 6s, 6d.; a British brig 200 Dbis, mene Pe Ma | re and oor aGerman bark, LY Tov isio! at 45a. ; pea Por jer, ng Phi atefohiat Wan ote re ined pet Te or vontinent, to arrive, hence tp a Conitinents| or, if direct, 6d, ap. to ort, 3,000'bbIs, crude 80. : a Russian bark from P ng wa Goutinental port, 4,600 bbls, refined do. at Gunnies.—The mark Vast; still holders evinc hence troleum Ria id. ‘a British bark egies ds bbls. Pedi Bri o other deseript: and s were more Oriess nominate "Manila held at lowe. gids Jute was | also inactive ana nominal at 3c. gold. Jute butts vented Dut steady. About 6X) bales were sold at2igc., Gash, and 2\c., do., 00 days. Hay AxD Steawe=the niarket remained fitm. ‘The sup- i fair and the demand g: le ee Shipping iD fon store tail quailtie 1.70; ciover, oe. Bi eat hay, Wc. HBC. a ye etre, 25 0 1B} short doy gla oat, 9c. n $1; and wheat, Hors.—The market continued dull, brewers buy! gnly ae their urgent req Ge. ‘‘Belgiap, sa'weey" ‘ 0, Sa ; She. a 4c. Mouassies.—The market was dull for all descriptions, Small jobbing sales of domestic were effected at full leon, bat otherwise nothing of importance transpired, ote Olt Crop. New Tie, a We, ~The market for pirite of turpenti dull and weak, closing homsnally ay about Uic, ac. We heard of ates or 9 bbls. of merchantable at 65e., and 100 New York do, Rosin was also dull, but the market a Sian forntrnined’? We honed of salen of 3365, and $0) do, No. 1at$t 12s. Tar “Pe were inactive, but firmly held at previous pe ‘O11s.—The market for linseed, scriptions, has been very quiet ruling as previously quoted. Wi ‘er eaaksand ie. in Boia Crude whale, 160 bbls. strained 48 well as for other de- ry F and Ge. 1 ;menhaden, tor selected li aut Boe. for choice brown, Crade cottons a foot lubric ptine, $1 Hy i ‘Petroenus.—On" y me to-day thi ie 8 e hag ed, bd all appearance, was ‘duit and nominal ; auoted ae lace! r Prompt deluvery or balance ot mouth.” Crude tn Dili was ‘irmty vag at the hig! for small Lots, ns Rap Wethe retta remained imal at eahow 123¢c. for Western for city, At ‘he creek the market was reported dul, but nominally unchanged In price. phia market exhibited no Sange. rem: entirely nominat. Refined bis. for April at ke in New York, we heard of sales of about 15, Is. of refined, for July and refured; cases Al t dell T m Pea ap ee Hho market or eee po pare ¥ tee qui ie ee P77 z bbls, of extra rlige pion mess at $) gt mn Wi fi demand, and firm, short do, at 8c. ‘The aa these prices. “Dressed hoge were easy a a a, and 6%. a 7}<c. for W estern. “Reece the ‘market was julet, with former prices still current. Small lots sold yrithin the range of 2 *. 11 50 for plain mess, $13 4 for as do., bbls, 22 for prime oe» (4 es, eet Moe, teres, Were “dull; quoted nt $35°" a $3) thern And. Texas’ and $20 n 852 for Westerns Sale 100 We At $32. Cut meats wero quiet but frm. We quo of Pickled hams, 1c. a 12c.; do. shoulders, Gige. a 7 smoked hams, 12c. a 14c,; do. shoulders, se: We ‘heard sales of 1,00 amoked hams, at trom a e. & 1360; 5,000 Ibs. belli¢s, 12: Ib. average ib. and ‘1040, average, ai Soo boxbs moked shoulders, BETA. 586 boxes dry sa fed whoulders, for this week, t OS 5 BOO boxes do., for A is boxds of evening, ‘at ee Market tor Western’ was quiet and ri We heard of sales of 90 tierces. Fartlastevesing, avtize.y eitlerose foe April, oe pri. Yate terms, qua ed at ie. City lard was dull ; 60 tierces of choice sold ut 8c. B nies fo-day has been moderately fair at pre- The sales were about 40 Hasees of Carolina and 200 bags of Rangoon at 6c. a 7c. Sari fe market for iluseed has been ‘quiet for the Rast three days wut prices were not essentia ly, changed, ‘e heard ot sales of 2,000 bags at Boston at pt shortdelivery. “Clover has also been quiet, in price. The salo 550 bags, at 83¢c. a Bigc, riptions were di and timoth at $3 75 a $4 por Dui Scgan.—The market for raw has been moderately active to-day, and former prices were realized. heard of ales of bid Lhds., 4 of which were priine re. fring, at 8%c., and the balance Porto Rico at Ye. ; 645 hhds.'ot P co at ec, 118 hhds. of, Martinique at a S4c., and O48 bids Para at Se, Renued was in fed deihand, nnd about sendy. ‘We quote +-Cubae Refning, inferior to common, Ze, a fe; falr to good fair, ie 1d to prime, Bixc, a B40. Hrocery, init, to 4c. 9 entrifu- -oBrime, $0 chalice, 9 ‘boxe ae ineindas Ae. Gigc. Nida. 7 109 736. w Sides: doe 40 to is agai rn “ibe i i H white, 10%, rts fase ‘common to EME, Tat rocery, {utr tp choice, yc. a,S34c. ‘Brazil fiteh standard, Now Bt ics a Bg. Java—Dutch standard, Nos. 10 to 12, oh The demand for Kentucky has been much molasses, ‘hhds. and Hav ey oe Al. Bales, 1,702, Stock, 53, principally for export. Full tormer prices were gotdined:, Othes dascrintiansi barn, gold cattacetet nt rier prices, ‘The sales include. 400 Rhds Kentucky. at from 7}4e. to Iie. : 100. cases crop 1370 seedieat sundi . 400 cases crop 1871, Connecticut and Massachu: mega ; 50 cases Wisconsin, on private terms ; 50 gases Ohio, on ‘private terms; 100 ‘bales Havana, 9c. a TALLOW pontinged quiet but steady. We note a sale of BO nds. city at 9c." Outside quoted at 8%c. a 9, Woor—The market continued quis, yet there wero birt manutacturers in the mar! ret, fu ut their bids, foneral thing, were so far low the views of sellers that. they were. both unwilling and unable to rant the concession, We heard of sales of 15,000 Ibs. Fall California. at 24, 5,000 Ibs, do, ut 26}4c.. 14000 ibs. of X and XX fleece at’ 62¢., 2,000 Ibs, tine fleece at Ge. 7,000 sinh ot Western fleece at S7c., 2,000 Ibs. Donskol at 34c., 45 bi t 35¢, a 37c. igo, Spring cali ‘at 3501, 40 Dales Sete California and do, noils on private terms. Wu ‘y.—Receipte, 732 bt ‘The market has been Ibis. ic a further p ¢ sales Were 450 bbls. at meres een DOMESTIO MAE 10 MARKETS, YRSEOM March 11, 1873, Cotton wenk; good ordinary, Tore, "Net receiniay 1874 bales. | Expe pete Te Great Britain, 1,016; coustwise, 730. Sales, 960. Stock, 71 few Onteaxs, March 1, 1873. Cotton Supply. fair: demand food or- Ie. : RU low, middlings, 18) bales Bross, 8, 1,000; last ‘soot Btn Stock, BILE, March 1} Pe gr are hk rant brrogalar middling’, Ow 3 thw mid- ngs, good ordinary. Hat races 406 bal Exports coastwise, 229, Sal orf Pats aad Nardh il, 1873, Cotton quiet: middlings, ipts, 1, bales. Exports—To Great assis Uo mode: gallon. a Net receipts, Gontinents 545, sale: 196,295, cama raat 83,621, Omanceston, March 11, 1873, Cotton easter; middiings, 19¢.; low alli 18% OA] i good ordinary, 17440. ae ordinary, sig, a Ite. receipts, 1, WILMINGTON, i, 6, ) Manel 11, 1873, Spine of ae dull at dlc. Ro: m at $2 95 for Crude turpentine quiet; 3 ior "hard: fi tor yellow ‘dip andy. irgin, Tar fteady at $3 260 $8 0. Flour steady and unchanged $8.75 for No. 1 y itis 9 75 for ai white Winter, $11 for tirm; one car amber Winter at $1 90; car white Michigan at Corn dull; aales two cars attike. Barley unchanged: held at $1 10. Corn meéal—$1 30. bolted gi"35 1 for unbotted, per owt: ssunubeharhaoac il at ie er ton. Riad treighien Hour, to Phundeiphie BOs to 8 Tic, ; to New York, G2. ; to Albany, Ste, Burrato, N. Flour qniet; Western Spring, $7 3 a $9 25; white winter, $9 Da $10, ote agmal 16t Milwaukee N fs March 11, 1978 j aimber winter, in +, sal Corn dull; sales of 2,200 b No. 2, on the track, at "i Oats nae sales ra 700 bushels Western, on tl rack, Mt 42c. Rye- e—Sales nomi- nal at Abc. Barley steady ; sales of 8,500 bushels Weste {per gaanple) on tr . Held—Canada, ie. ‘We. ; two-rowed Bt four-rowed Stave, oc. Burley galt quict $1 105 prime, Winter Western, $1 10a $1 Ria, 41°30 0 81 25. Rye malt held at 96% Te balance of iis tharkor uncharged: Cacao, March 11, 1873. Floor ind Hi tele ke de d. Wheat steady ; sales of ts steady at 26) Rye firm and scarce at $e. for No. 2 ‘rally Pork & grace frovistons” quiet. firmer; quotable at $14 25 a $14 30, Kpot; seller April; $14 70, seller SM changed at 8e. cash. Bull ressed hogs s dull and ‘nominal; corn, 66,00) do. oats, 40, rye, and 12100 do. barley. SRinimente-s000° bole our O00 muses wineat, 5 do. corn, 23,000 do. oats, 1,000 do, rye wnd 7,000 do. barley. EUROPEAN M MARKETS, Loxpon Mowry Manner.—Low —Lonpor, March 1—5 P. M,— Consols and Asharieen securities closed a anne Consols opened at 9235 Me fo for the account. tnieed' States five-twent i, Tego ahd, #4 1587 's, 9342 ; ten-forties, 89'4; new fives, 2. way shares, apie Te. ‘Bounsk.—Panis, March 1—P. M.—Rentes closed ont Boursr.—FRaxxrort, March 11—A. M.— pad five-twenty bonds opened at 9% for the IvERPOOL Cotton Marxet.—Lrvenroot, March 11-5 P. M.—The market closed pith aac downward tendency. The sales of the day have been 8,000 bales, including 1,000 for speculation and export Of the sales 5,000 bales were American. At halt-past one o'clock in the afternoon ed Seaport. ot prieet e ppahing uplands 93¢d. 954d. ; mid- ing Orleans, 974d. a 9%. Trapk at MANCuESTER.—LiveRPooL, March 11.—The market for yarns and fabrics at Manchester is dull and prices are lower, especially for yarns. Ld a tee de npr pd Makger.—Liverroot, Mai Feceipis ot corn for the past ttirce mere 1 000 Amorfean. days have been Th of wheat for three uatters, including 14 isuteady. Sales of cotton Charleston, February” an same ports, March and April, Livenvoot PRovistons L, Evening.—Bacon opened ani closed at 35s. per wt, for short rib middles; 36s. 6d. per ewt. for Cur land cut. Lard, 3s. 0d. percwt Pork, 67s. per owt. 4 new a gn 94 Provver beg 2 Mt 1, March li 5P. M.—Refined petroleum, 64d. per weljon Loxpon Propvce Market —Loxpow. March 11—Even- ing. rae oll, £33 per top, Spirits turpentine, 458, per cw FINANCIAL, UGUST BEL po A i and 31 Nanean streot, a creat ‘avaliable | in all parts of the Messrs, DE ROTHSCHILD ba VP correspondent Er crmortlal Crofts ‘wad’ tehaiters' Of money on oallforni i Havana, A ERUET MONEY JUBT, PAID IN TO LOAN AND buy Mortgazes on C1 ay Real Estate, Pe reais to muit; ho bonus, Address TRUSTE, box 2,65. fico, N.Y. A MONEY TO LOAN-ON BOND AND MORTGAGE, soit New York, Brooklyn and New Jersey. | Frinel: pale only apply to SAMUELS. WOOD, Jr., 196 Broadway, room 1) etanees & BRAINE, STOCK dt u BROAD wreet. Stock and Gold Privilege @ specialty. Any one can speculate witht «mall capital nd very little risk. Explanatory cireulars matied. ONEY TO LOAN—ON BOND AND MORTGAGE 08 cir ai oA First and Second Mort- wages bought ‘ORT, 151 Broadway, N° YORK STATE GOLD SIXES—DUR. 1887, FOR sale. GWYNNE & DAY, 16 Wall stfeet. PRICE ERIE KAILWAY COMPANY. New Youk, Fob. 11,1373, DIVIDEND.—The directors of this compan: iy have de- clared a divi rom the earnings of the roa! for the six months ending ist December ultimo, of three and bne-halr per centon the proforred stock, and also a.divi- dend of one wad three-quarter per cent on the common stock, from the earningwor the road tor twelve months ending December 31 last, both payable on the 15th day of March next, at the office of Messrs. Dancan, Sherman & Oo. No, 1 Nassau street, to the registered holders of stock at the closing of the books, The Transfer Byoks for but preferred. and. common stock wil be clowel atthe clow of basineston, Saturitay, the Ist day of Mareh next, see remain closed wall (he bg te of the 17th of March. By order of the issue Travell ‘world, throug! H. N. OTIS, Secretary Bi See tiriare peat FOR ONE YEAR; BONU: 5 _ FPNANCIAL. BAHAVE MONEY TO LOAN In THIS CITY AND also for the reh Mortgages; Suite lon inregeurenase of Good Second SAWARD | 2 LEAVITT, ew: Hl street. 310, ON ae without property which amply sec: contingency. Address J. box 18) Tieratd oiice, 3,000. WANTED, FOR ONE YEAR, SECURED by mortgage on ten times the amount and an interest given, In a perfectly fair, honorable and hon- est real estate transaction. Full exp'anation given at Interview. Address for thrée days $3.09), Herald office- Hrs 00C —$4,000, $3,000, $2,000 TO LOAN, ON BOND and mortgage. ‘Apply to WILLIAM & A, LOWERRE, 259 Greenwich street, New York. ee WaNreD (PIMEDIATELY—ON $60. 000 | TO LOAN-ON CITY REAL uuproved and unimproved, on Store a nement Property mit ce ‘on ood lease! Fr. BATES a Wall, street. TO LOAN IMMEDIATELY, ON FIRST Class New York elty Pro erty; in sums ELLIS & CO., road § ‘street $100.000 to suit. TO LOAN ‘ON REAL ESTATE IN $125,000 3 ee eee wards; Second Mortgages negotiated, Appl; JOHN UONRBY, 162 Broadway, room % ply to $350. 000. TO LOAN—ON NEW YORK, BROOK- ayn and i Jersoy City Improved Prop- erty. WELLS National Trust Company Build- ing, 262 cunts — 000: «»TO LOAN ON NEW YORK, 1 i $400 lyn and Westchester Real Katate, | to. it; no bonus required; term of vears, ©. ‘Montauk msurance Company, 185 Broadway.” x PARTNERSHIPS. YORK, MARCH n, ‘Tl, 1873.—MR. P. H. A, HOPKINS Y this day withdrawn bis interest from c our firm, & CO +> STATISTICS OF COMMERCE AND NAVIGATION. —_— ‘ Monthly Report No. 3 ofthe Bureau of Statistics isin press and nearly ready for distribution. It contains the details of our foreign trade for the month ended September 50, 1872, and for the nine months ended the same, compared with. the corre- sponding periods of 1871. The Chief of the zee furnishes the following synopsis ‘Domestic Ei Periods, Inport, | eee Values). Month ended Sept. 30, 1873, $57,423,317| $31,564,721| $1,800,737 90,142,692) 33,226,515) 2,199,331 80, 1872, 897,818,401] 801,817,973) 17,841,006 nine ‘months chded Sept. 90, 1871 453,646,003], 937,917,747] 22,110,016 The amounts of the foregoing, which:consisted of merchandise and oi specie and ballion, respectively, during the nine months ended September 30, 187s and 1871, were as follows:— oa Exports Ampere | (specie Foreign Exports, | Values. | $520, 904,303 $13,568,056] 568,056 ou prt 602 1872... Merchandise... { ty71. | §443'459°317] “$31'310 $12 349 rsa 5) erie and bul- BA F Herehie) seat) ‘The value of foreign commodities Mania in warehouse September 30, 1872, was $82,709,304, ag compared with $64,395,247, September 30, 1871, Allowing for the dffference in the warehouse ac- count the imports for the nine months ended Sep- tember 30, 1872, are in excess of the domestic and foreign exports combined, to the amount of $100,785,367, while for the nine months ended Sep- ey 30, 1871, the imports exceeded the exports 284,355, onhe he followiig are the values of our foreign trade carried in cars and other land vehicles, and in American and foreign vessels respectively, durin - nine months ended September 30, 1872 an ae a (iced Exports, Land yehicl $13,012,703] $3.304.615] $2,003,401 Amern vessels, {sre} Mi ‘eta ioe 5,361 484 Foreign vessels bi 91535629, Jandy eects. {usr} 157004 om bitte Foveign vessels 1809) 805,967, hae 18,174,977 The number and tonnage of vessels which en- tered into and cleared m the ports of the United States during the twelve mouths ended September 30, 1872 and 1871, were as follows;— Eutered. Tons. 187211 00a! 8,741 937 a vsz4\7 + 233,004 8) a 1871 19 399] eae Oe In addition to the usual monthly summaries this number contains statistics of the immigration into the United States during the quarter ended Sep- tember 30, 1872. Total number of passengers arrived during the Korg 2 143,929, of Whom 83,790 were males and 60,139 females. Of these 20,103 were citizens of the United States returning from abroad and 3,043 passengers not iatending to re- side in the United States, leav: the net immi- gration 120,788, or 68,576 males and 52,207 females. Of the total number of immigrants (29,214 were under 15 years ol age; 15 and under 40 years, 72,494; 40 and upward, 19,015, Number of deaths on the voyage, 122, The occupations ef the immigrants, their nation- alities and the several ports in the United States at which they arrived are exhibited in detail, Their occupations, summarized, are a8 follows ;—Profes- sional, 1,087; skilled, 12,667; miscellancous, 37,275; not specified, 525; without occupation (chiedy’ wo- men and children), 60,229. The report also contains valuable statements showing the values of the total {mports from and of the total exports to the various joreign coun- tries for each of the thirteen fiscal years from 1860 to 1872; imports and exports of specie and bullion during the same period; value of the foreign trade of Great Britain trom 1854 to 1872, inclnsive ; details of the foreign,rade of Great Britain for the year ended December 31, 1872, compared with the corre- sponding periods of 1870 and 1871; foreign trade of the Austro-Hungarian Customs Union; | foreign trade of the Netherlands; trade and navidation of the United States of Colombia; agricultural statis- tics of Chile; foreign trade of Japan, and the usual preliminary 3,696,870 Ts 6. ented 10,925) Hes reat ERIE AFPAIRS, Ramors About Another “Reform” Directory of the Railway D. Meeting of the Board Yesterday—Resig- nation of Vice President Diven. The regular monthly meeting of the Erie Railway directors was held yesterday at the Grand Opera House, corner ef Eighth avenue and Twenty-third street. Contrary to rumor there was nothing startling in the business which was transacted, and it was denied by several of the directors who were questioned that there was any reform move- ment on the ¢apis such as weuld occasion the sever- ing of the connection of Messrs. Otis, Milton and White with the company. On the contrary the greatest confidence 18 professed to be reposed in the character and conduct of those gentlemen, and the Board of Directors have no inclination to effect their dismissal. Fourteen members were yesterday present. After the transaction of routine business Gencral Diven, Vice President, explained that the state of his health, as well as the necessity of attending to his personal affairs, compelied him to tender to the Board his resignation, to take effect wnenever his Successor shal ee appointed, In farther remarks he referred to his tt connection with the road and his desire for the oormplate success of the com- pany, which he would continue to ald to the extent of hig ability as a director merely. On motien of Mr. BaRLow, seconded by, Governor Morgan, his resignation was accepted condition. ally, and the following resolution was unanimously meaieeay ka of thi he thi a Resolved candered tg the Hon, A. 8, Diven, Vice Presi- are ernie company, for the prompt manner In which fie'sccepted the position of chief executive manager ot the road iu March last, at a time of great emergency im the company’s affairs, ‘a8 well as for bly and faitnfab manner in which he fias at all times performed his duty since that period. T..c Board then adjourned. BEAL ESTATE MATTERS. Notwithstanding the stormy weather during yesterday @ very large number of persons at- tended the sales occurring there, some of them being very important. The following are the par- ticulars of the transactions :— BY MULLER, ‘on the sw. re stor: rd are duo and 4s. bk. hi hel fees 45d. 8. Chaser... fy | $s. bes. bi. bo Asoxanis it arms eo purchaser bk, b., 22 1249.3; Louis Headford 13,109 dd attic UK. by st., between Sullivan 104 An ly. Macdougal ‘sts. ; ; J. Blackwell 8. Dik, house, 60 Water st,, 25.5x05 ft, 11 tote, 176.244x125 fe, running trom the MC. tote 1 anning. tro! ie ty Balevand/oni bonnet te 15,000 je im. King’) corner Joseph, 70, Wangler. 3 40.6. with two smaltcr DK, 27 Bronaveny, 2s tot 26, 11x86 ft varsttion of tive estaie of the tate Enoch Dean, Unie Areetion of Revert Se in, Feteree; mgs Mis 51,500 ¥ VK. STRYENSON, JR. Bahia be DASE "ai st, between Broadway hoon 4th ay., Wxsexs2 wi La Necmase x7 WARNETR. 7 Hot, situated on, "the .n- side of Sl st 375 1th av,, 2x980 1%; M,N, White,