The New York Herald Newspaper, July 16, 1873, Page 9

FINANCIAL AND COMMERCIAL. A STRONG MARKET. Prices Generally En- couraging. A Report from Pacific Mail. THE EXHIBIT OF THE COMPANY. Excitement Among Bulls and : Bears. MONEY EASY AND GOLD FIRM, A GOOD SUMMER BUSINESS. WALL STREET, TUESDAY, July 15—6 P. M, } ‘The total exports of produce from this port for ‘the week ending to-day amounted to $5,427,800, mixed values. The exports for the corresponding Period of last year were $3,965,813, and $4,003,228 im Wr, The total exports since January 1, this Year, amount to $149,001,911, against $115,080,417 last year and $122,004,324 in 1871. THE FORRIGN MARKET. ‘The following are tho latest quotations:—Con- Sols for money, 92% 3 924,; consols for account, 92% @ 92%; five-twenty bonds of 1865, old, 93% ; five-twenty bonds of 1867, 93% a 9394; ten-forty onda, 9034; new fives, 90%; Erie Railway shares, 4736 @ 475; ; Illinois Central Railway shares, 86 a 88; ‘mew French loan, 6% per cent premium. Prices generally are recorded as unchanged, with American securities dull. To-day was ticket day «and to-morrow is settling day at the Exchange, ‘The rate of discount on three months’ bills in open «market was 5 per cent below the bank rate. The s@mount of bullion that went into bank to-day on balanves was £24,000, Rentes in Paris were weak and lower, calling tor only 66.20, THE MONEY MARKET, The call loan market was, as usual, well supplied, Tates ranging at an average of 4 per cent. Prime discounts were unchanged, commanding 6 amd 7 per cent. Banks and brokers alike are pressing loans upon the market, but money is so plentiful that 1t goes a-begging on a limited market. The foreign ex- Changes were dull, and the leading bankers re- duced their asking rates to 1095; for sixty days Sterling and 110% for sight. Actual business was At 1093; & 1095 for long sterling and 1104; a 110% for sight, according to the standing of the drawer. GOLD FIRM. Gold exhibited considerable activity, prices re- maining firm in response t natural causes, and "being likewise responsive to the fact that $800,000 -Of American and $100,000 of English coin would be shipped to-morrow. The surroundings indicate that the market is not weakening. The tone is strong, and, viewed from a commercial standpoint, Means & Vantagé-ground that is solid and substan- tial, The fluctuations of the market are recorded in the following tabie:— The operations of the Gold Exchange Bank to-day vwere 28 follows: Geld balances. The rates paid for carrying were 4, 3%, 3 and2 per cent, and flat for borrowing. THE UNITED STATES TREASURY. The following were the balances in the Treasury -at the close of business to-day :— + $7,830,000 80,000,000 43,600,000 The receipts from internal revenue amounted to $156,061. The receipts from customs were $491,000, The Assistant Treasurer paid out to-day $260,000 on account of interest and $28,000 in re- demption of five-twenty bonds. The customs re- ceipts for the week ending July 5 were $1,125,000 for the whole United States. The imports of specie dor the week have been $20,187 in gold. The cus- ‘toms receipts from the under called ports for the week ending July 5 were as follows:—Boston, $163,740; Baltimore, $1,005; New York, $961,770; Philadelphia, $11,403. Announcement is made by the Syndicate that they have sold $2,000,000 of the ‘Ave-twenty bonds. RAILROAD BONDS. Business in this department was not especially active, but satisfactory. The process of invest- ment goes on steadily and prices are well main- tained. The following are the quotations as amended at the'call:— ‘New York Cen 6's, '83...98 = Chic &N W Ist pew y Cen &s, Han é Jew Con os, Han & New York Cen 6's, Del, Lac! New York Oen 7's. De, Lac: Brie ist m ex Tol'& W Ey Tol & W: ad me 78, Tole Wal 4th m 7's, Gt West "88. ms, IN & 80 i k bonds. Galena & ty NY&E istm, Morris & Essex Ist con m & Morris & Essex 2d Bee ue 10" NJ Cen Ist m, ne Sd luo J Con 2d m.- Ab § Sasa 26 N J Southern Ist m7 Busq 9% Pitts, FLW & Chicist. 1 Mich Cen con 9814 Pitts, FtW&Ohie 2d wm. (100 hic, Bar & 10" Clev' & Pitts con $f...) 4 aca Bo & N 103 Clev & Pitts 24 m 4 Tols WO Clev & Pitts 3d m Oley & Toln 9° Clevé Pitts 4th m. j.P & A old bds.. ~~ Chic & Alton sf., P & Anew bds. 95% Chic & Alton Ist m Detroit, M & Tol bdd-*.-100" Chic & Alton Inco! Bote new ods... $7 Ohio # Misscons Lake whore div bds.... $34 Unio & Mise 2a m, Pac BR 7’s, gr by M St Louis & 1m ast! Gen Pacific Dads. .100%¢ 1M 2a Php . Inton Fac lst m bds. Union Pac | 47’ Col, Union Pac incor 38g Col, CI Bele bolt iat rae Seatri icin. 8 AltéTh2am 90) ‘Alt & TH 2d m 78 Chic 4N W sf.. 101: Chic & NW int Chic 4N W con a GOVERNMENT BONDS ‘were steady at the ioliowing quotations, the matural activity being limited by the want of material for use:—United States cur- reney sixes, 114% @ 114%; do. do. 1881, wegistered, 118 a 118%; do. do. do, coupon, 119% a 119%; do, five-twenties, registered, May and November, 116% 117; do. do. 1862, coupon, do., 117 & 11744; do. do. 1864, ao. do., 117Ka 11734; do, do. 1865, do. do., 11834 @ 118%; do. do. 1867, registered, January and July, 116% a 117%; do. do. 1865, coupon, do., 117% @ 117% ; do. do. 1867, do. do., 118% & 118%; do. do., 1868, do. do., 118 a 118); do. ten-forties, registered, 114% a 115; do. do., coupon, 114% @ 115; do, fives of 1881, coupon, 115% & 1154. SECURITIES. ‘These are quoted without change according to the annexed list :—Tennessee, ex coupon, 80)¢ a 81; do., new, 80.0 60%; Virginia, ex coupon, 42 a 44; do, sixes, consolidated bonds, 52% @ 52% ; do. sixes, deferred scrip, 10% 810%; Georgia sixes, 72a 76; do. sevens, 86 a 87; North Carolina, ex coupon, 27 a 2736; do., funding, 1866, 16 & 18; do., do., 1868, 15 a 16; 40., new, 1616; do., special tax, 18a 14; Mis- souri sixes, 93% 8 94; do., Hannibal and St. Jo- weph, 92 & 92%; Louisiana sixes, 43 @ 55; South Carolina sixes, new, January and July, 15 a 16; do, do., April and October, 20 a 23; Arkansas sixes, fanded, 35 a 40. THE STOCK MARKET. It is apparent from the condition of the stock wwarket, so unusually strong at this season of the year, #0 promptly responsive to influences at a time when operators are ordinarily in a state of dojectedness and perspiration, that some power is at work to maintain the strength that was as- gumed about the ist of July, and it has not since been lost, The whole range of stocks shows an advance, and today is upward to a re markable degree. The “bear” says it is only “a brokers’ market”—a consamption of local capital, AQ sort of “dog eat dog’’ arrangement, a species of ‘wade ty which etocks change hands with a kind of peripatetic regularity, dropping the profits by the wayside; but there ts another class who have dally exhibited confidence in the ascendency of prices and discover a legitimately logical sequence to the premises on which their hopes were based. Per- haps no little of this felling is due to the promi- nence of one man, When an indvidual possesses twenty, thirty or fifty millions of dollars, there is no use in denying the fact that be can move the money centre of America from the ridge pole to the foundation stone. And when be adds to the pos- session of that wealth a certain degree of pride in power, and starts forth to accomplish a given object, few men will dare to deny the intent or combat the success, This is one, and q eh, sabe we era Union Bt New “york Pentndl axe and Wabash (as Hs pe and petleate ® part of the system of railroads radiating from New York) have shown a firmness that has given prominence to the entire stock market now quoted, ‘“Sympathies,” ‘“whims,’? “rumors,’’ each may exert a temporary induence, but when “the street” feels that millions ate at the nod and beck of a man whose determination strengthens with his age, it is not a wonder that by voice and by telegraph the commercial world attach their destiny to his and give tone incidentally to all pub- lic matters with which he may be identified. Pos- sibly it is for these reasons that we have seen a growth of strength im the face of the market of va- Tious stocks until to-day of all of which this “old man of millions’’ is the husband and leads the list. TBE VOLUME OF BUSINESS was particularly strong. Western Union opened a4 86%, moved on upwards to 87, to 87 a 87K a 874, and closed at 87%. The prediction is that it will become under the present man- agement pars passe one of the most valuable investment securities of the mar- ket, It was stated that the directors intend to divide among the stockholders about six millions ($6,000,000) now in the treasury, Pacific Mat! opened at 39, maintained its strength during most of the day at 394¢ a 39% a 30%, but at the close, in consequence of the publication of the condition of the company, receded to 38%. New York Cen- tral fluctuated only between 103% a 103%. Ene was somewhat in sympathy with London prices, and changed only about % percent. Lake Shore was steady between 92% a 924. Union Paciiic likewise did not vibrate much during the day, but Was firm at heretofore quoted prices. NORTHWESTERN COMMON appears to be growing in grace. The sales ‘were not only large, but indieative of a better acquaint- ance with the resources of the road, the prices evidently being based upon facts rather than spec- ulation. They showed, also, an (mprovement upon recent quotations, opening at 69% and advancing rapidly 1 per cent, with active demand. Perhaps nothing could be more suggestive of the tone of the market than the desire to bring this stock up again for active speculation. Rock Island sold at 110% @ 11034, St. Poul between 62% a 52%. Wa- bash between 71a 71, Delaware, Lackawana and Western between 101 a 102%, Hannibal and St. Joseph at 41% @ 42 a 42, Atlantic and Pacific preferred at 25 a 26, with a close at 25%, C., C. and 1.0, continued strong at 31% A 32 a 32% a 3234, with @ close at 32, PACIFIO MAIL. Very considerable interest was embodied in the Meeting of the Pacific Mail directors to-day, inas- much as the results proved to be a revelation of the actual financial condition of the company, and brought to light some of the weakness about whicn the public has for a long time been in doubt. For certain purpeses the meeting was pronounced to be one belonging to the ordinar¥ routine, yet it produced certain items which found their way to the public ear and made the occasion more valua- ble than any which has preceded it. First and most important, the directors indicated insolvency on the part of the company. They showed debt on every side—debt to builder of steamers, debt to employés of the company, debt for city taxes, debt for the building of engines in Scotiand, debt to be incurred in placing almost every one of their steamers in a seaworthy condition; in short, debt for everything. Aside from these figures, it ap- pears that they have exhausted their subsidy for the present year—$1,000,000, They are spending more than they earn. It costs NINETY THOUSAND DOLLARS FOR A ROUND TRIP from San Francisco to San Francisco, and for com- petition there are already five German screw steamers and three English steamers on the route, besides three snglish steamers, which are now on the stocks and will be com- pleted and paid for before the opening of the Spring tea trade. As nearly as the figures can be reached it appears that the Pacific Mail Company require over two millions of ready cash to put their fleet in acondition to compete with the eleven English and German vessels which will compose the working force on the Pacific coast by the ist of next May. Without going into details it may be stated as a sample of the company’s debts that there is due $120,000 in city taxes, $60,000 on engines now building, $650,000 to Measrs. Roach & Oo. on construction account, together with large sums necessary to place their various steanfers in a seaworthy condition. Of these steamers it is said that the Ocean Queen and Rising Star, plying between New York and Aspin- wall, will have to be withdrawn because unfit for service, while the old ships are depreciating in value so fast as to occasion a loss ol from ten to fitteen per cent. It may be added that at the NEXT SESSION OF CONGRESS one of the most influential members has expressed @ determination to sift the subsidy business to the bottom and reveal the manner in which money was expended to obtain the boon that now constitutes the beacon light of the company. Under such circumstances as these it is useless to add one word. The bottom has dropped out. The bubble has burst. England and Germany and China—for there are Chinese capitalists in this opposition—have stepped in, and with their steamers are running at an expense equal to two-thirds less than that of the Pacific Mail Company and have whipped another American enterprise clean out of their reckoning. There has been some talk about a loan of $700,000 authorized in response to the proffer of @ bank in California. In the first place the amount is bagatelle, and in the second no such company as Pacific Mail could stand 12 per cent per annum, or it would place its securities among the moneyed men of Wall street. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks to-day :— Highest, Lowest. New York Central. 103% 103% Erie.. 61 CO Lake Shore. 025 92% ash... Tse 71 Nortpwestern. + T0% toe | S252 Northwestern preterred 81 SL Rock Island. 110% sees 52% St. Paul preferred. 183 and 4036 40 Union Pacitic.. 4 4 C., 0, and I. 32% Bde 87% 863% 383 Reading Railroad in Philadelphia called for 111, and Pennsylvania 108). SALES AT THE NEW YORK STOOK EXCHANGE, Tuesday, July 15—10:15 A. M. $20000 US és, r, 81... 11836 i 10 A. M.—Before Call. SS z io Fy 1100 39) #0 3 : 200 900 39) 20 a a9 600 39 700 38% 500 39 900 Brie it 1 100 07 20 7) Sao LS AM SS gg 100 FT} 100 10 OG rst Board—10:30 A. M. c+ M4 100 she Un Pac RR..be 28) ‘s 6) do. b3 23) 100 300 1wL 033g 0 wv wo 88g a SPESSSESEEESE SELES ESTE: PROZ ssairssrppme=nicie 20 Too 10 400 300 7 20 ; 808) 200 ; 86% 1200 103% 30 . 1% 26 i 5 1383109 Waste 100 BO, 40) 601; 100 12833 200 Ry 700 300 cioiagpligltaienabal i SESE ETS Seguees 3832 pees 12116 and a5 P.M. Pac cori, 336 10) Ohlos M It 4 400 do. 10 Atlan. 2 FPP: Ey Oe Cc RR, Tivo a0 10) Rook laid it-"o 11088 00 Second Soard—1 P.M. 100shs HarlemR.b Lied yr $1000M 6's, H &StJis.. 92 old bas 100% 3000 Gen Pac 39 Mich Cen Rt, 0 Un Pac Ist mn 82° 600 Udy Clev & P 4th 85 100 do. 100 M & St P 10T, We WR 6) do. 400 do 200 Chic & Alt BR. 20 Mor & ks Ri 2:30 to 3 P. M. 1900 she LS 4M 8 RR. Fd 10) CLOSING PRICES—3 O'OLOOK P. if. Mnion. 87 a 7’ 28 a B44 Union Pacific [0” a 10ig 2 a wae xT a a Am Mer Un Ex. 63s a Gg Us bxpress.... 71 Pacific Mail NY Central brie. Harie COMMERCIAL REPORT. Fioar Strong— Wheat Higher—Corn Firmer—Oats Quiet—Spot Cotton Nomi- nal—‘Fatures” Quict—Groceries With- out Important Change. Tuxspay, July 15—6 P. M. There was a little freer movement of merchan- tse to-day, and in some departments a better feel- ing obtained. Breadstufs continued in demand and the markets were firmer. Flour was in good re- quest, but qe firmness of holders checked sales to some extent. Wheat was likewise firmer with a good demand, but the extreme views of holders | of prime Spring—the only kind wanted to any ex- tent—checked transactions. The confidence of buyers was manifest in purchases for forward de- livery at higher prices than were asked yesterday. Corn was likewise in good request and firmer. Oats were quiet. Whiskey was nrm. Pork was firmer and lard was easier—neither being active. Cotton con- tinued to move slowly. Asuxs.—Receipts for the past three days 57 packages. The market was steady under a tair jobbing demand. Pots quoted at $8 25, Bui.pine Matemiats.—The market for brick continued without noteworthy change. The demand was fair and prices steady as previously quoted. Lime sold to a fair extent at $140 for Rockland common and $1 60 for do. lamp. Cement was quiet. Rosin dull, quoted at $1 75. Laths were only in light request, bat quoted steady at Other materials, ee tates above, 25 for Eastern. bd quiet and not essentially changed in value. Canpias.—Aside from @ moderate Jobbing. Inquiry nothing of , importance ‘transpired and prices were steady, quoted al face tans paramMne, for adamantine. Corren.—The transactions in American ingot were contlued to unimportant lots at former prices. Corrgs.—The market remained ver: Sie, for sperm, 40c. for patent do., Sc. 2c. a 2c, for stearic and 19. a Be. firm at the late a continued fair of 3,361 a, 106,490 "We quote Rio, a catwoes, eS ory a, I9e, «Be. ives nave 2 Se Domi wee ay nh a T)ige. ; Costa Rae i i HE “ sbpostare % 8 ‘tote: ‘curagos, IBigc. @ rr ei days Reo eee ehe merket for spot cotton was a yntaies qnot- ale ¢ change In duy particular; prices Femained wiolly Some of une sales below reported were made pominey considerably under quotations. Mixed lots es: Nally were ansaleable, except at s marked reduction Hom quoted rates, which are as follows :— Oplands, a New Orleans, Texas, Ordin: ry Me 14 Good 01 rt 17 rt ry Btrict i ordinary 4 18, 1 1 ie g Good midi The quotations ‘not more than half « grade above or below’ the Fate The sale were: grade quoted. oT, Tete cain the boy te S10 bakes to arrives Psa (basis Tow migdiing the sales have last three Tot ste at 19%0., 100 at 5 37-900. soy ae ie es Ne kas cues ee i xD GRAIN.—Receipts—Flour, 9,348 bbls. ; eat ; 44,096 tor corn imei 1,006 bushels; Cory, OA Mis harley, WO do. ; tye O00 do. cane Satket ‘ruled strong under'a fair ‘demand, per. fcularly for f shipping extras, an The sales were al as quiet and without noteworthy Os a Beessue | good fair, 7%c.'a 734. ; good feo encod eave, oiiers Ssesssea F&F | eSs By hata ont for for ey 2 ailwi epee for. (04 baa The Puan ia $l ah S Miwaakeo; bushels No. 2 Milwaukee, to arr! $140" Corn was ‘druser, wil ight bushels, B 3 4 Gio or kiln eriod tien abe, for pn dot Yellow. Oats wore quiet but bushel r Wost- efi And d8e,'a Be. for while. ihrer ‘car lon is Western rye sold at 790, Perley and malt were without note- Finials he en ok fs has boon a fair pasines 4 fhe ling of chartering iehhana ha wane ecu arm, for Veswe - fete aud grain Vaden. “he ety ectinouar eaten 72 Liverpool, by steain, is. to- bacco at bis), tous oll cake at dy “To London, by aail Bo) bbls four at 30. bhds. Virginia tobacco at ea.; by steam “Lao be: ey nhds private, terms, To waht ‘hhas tovacenat neat ok Hamburg. by sai A ceo tons bisck walnut oh ‘oh att Seen ae bark, nar ‘The charters wor quariers grain at a, and ‘lan bark, to arrive, geen oo (to Madan) a@ Norw in Dark, hence wy a direct ort on the ontinent ‘with 30,000 bushels grain ata, 10d. ; Danish brig, baece to Bristol, with 1,00) bbls. refined petroleum at &s.; a Ger- man bark, hence to w direct Ge man Baltic, port, with 0uv bbis. 0. at Bs. 108d. ; & Norwogiun bark, 671 tons rerisier, hence to Hamburg, with Bpout 80 bbis. rosin @é 53, por 280 lbs; a British ark, of 408 tons regis- ter, bunce to Ainsterdam or Rotterdam, with & general ns go sun; an Atnerican brig,henoe hg Stottin, with is. Fetines petroleum at Bs. od; Briush brig cert two day’ , 2 ce, but not Hetore Tey eat jen100 to Lisbon, with 1,000 bbls. refined do. at 68, Tod bark ledce to enon with 1,40" ODis, rosin de gi'sb Der yor Wt ot 20 tim ak American bark, henve to smyrna With 43,000 cases’ reunad dor and back wi ral cnrko, lump sum; an American bark, Reson to 000 Cases refinad do. at Se.; & German bark to arrive, hence to to the German Bultic, with 4,00) bbls. Tetined do at se. Sd. GuNNtes.—The inquiry for domestic cloth has been moderately tair throughout the first three days, but without loading to transactions of importance ; market We quote:—Domestic cloih, 13%c. a 14c ; Calcutta . Bags were dull and quoted nominally at lige. & ¥MP AND Jury,—There has been considerable demand for Manila hemp since our last, and the market ruled firm, ‘The sales aggrogate ‘about 3,000 baies, said to be at 03¢¢., gold. Jute remained quiet, but was quoted steady 435 Jute butts were in light request and urrency, cash. .—The market ‘remained very quiet, with prices ruling nominally sieady. Brewers purchase only in small low to meet their urgent requirements We quote :— State, growth '72, 40c. a 50c.; Kastern and Western, 3c. a 3 ulsfornia, & S%c.; Bavarian, 40c. a 450.; Eng- lish, i Belgian, 250, a Sle, tio. ‘the movement in'scotch and American pig has been confined to smali lots, at $40 @ $41 for Kxlinton; $42 8 $45 tor Giengaruock. the sales of Hglinton anu Glen nock in lots amount to 500 tons. ‘The, 400 tons Gi Sherrie, lately arrived: have been sold in lots, at from $43 to $45 per ton. The sales of American haye also been in smali lots and foot up 80) tons, at trom $46 to $43 per ton for No. 1, and $41 $43 per ton for No. 2; 100 tons gray forge sold at $34 a $35 per ton. OLASSKs.—Apart {rom the usual business in small lots for the trade, there was no movement, and prices tor cargoes and round lots may be regarded, ag to an extent, nominal. weg te:—New cro Cube centritugal an . 40.1 Je. mixed, jo. muscovado, retinin} ; Porto Rico, We.; New Orilea a Nava STORES. 0s. moderate inquiry for spirits tury tine to-day, and the value silt rules about steady . for merchantable order, notwithstanding a decline ngton since Saturday. Sales 79 bis. at bbls, and 4630. tor New Yorks, and 225 Suriined rosin is in tair request and sales 1,620 bbls. in lots at $3, and mst anit freight, at a Drivate price. ‘Yar continues quist and nominally’ unchanged Fiten selling moderately In a Jobbing way at $3 3745 city delivere here was very little doing in olls of any descrip- trom the usual jobbing demand, and prices remained about the same.” We quote :—Linsced, %e., in casks, and 96c. a We., in bbls. ; Crude. 'sperun, 1 dD a tural winter’ $l 62ig.0 $105; bleached: 1650.91 70, crude whi 650. for Northern; 58e, Sobe. Tor Southern; @7e 8°70o. tor natural winter: and Tac. for bleached. Lard oils, 78c. a 74c, tor choice winter, and 70c. lor Dresent make; crude cotton seed, "Menhaden (new oid, 45c. Prtnoueum.—The market ‘to-day was quiet for all de- scriptions, and prices were not quotably changed, theugh holders offered stock lem treely, and there was a firmer feeling prevalent. Refined quoted at 1&8. for balance of month and 18}4c. tor August: crude. at (3c. lor prompt delivery and Se. for tu . a Wige., the higher price for smal tots: naphtha at Dae. @ le, Aya hake ace AL ow. No ctions re- ported Gk? of ‘Change. e Brock y uota tions for spot. wer: ‘Titusville ; $1 80 Tum Centres 818) and $1 Ker's, At Phitadelp! the market was inactive and Values nominal. quate aly, tae. and: August, Ise. Tauter we hear of 1,000 buls. high test sold here at gc, Frovisions.—Receipts—Beef, 25 packages; cut meats, pe lard, 113 bbis. and aioe. cl) AA mess ork wae Nee he wai ir iesi73 ‘was asked mt the close without bus which’ ate ithe august at'Si7 do, and in Jobbing lots, ig: grogating 9) Lbis., sales were inade at $17 50, 250 Di Drine city mess wore sold at $19. Dressed hogs rany ged Beet remained, negiected, but nominally steady in price. Sales of tlerces were made Al the range of $9 50 a sis for lee) mess bbis., $1L a $13 for extra do. bbis., $20 a $21 for prime do. terces and $23 a $25 jor India do. tierces. pene were also neglected; quoted nominally a $31 = for Souther and arene Cut Were ‘in moderate. request, and reported of 2,000 city pickled 2,000 city pickled hams at Western smoked hams were di former prices. Bacon Was quict, but steady; we note sales of 100 boxes at 9c. for heavy ia clear, 9c. for light do, and 9c. tor elty short ril bard wasn niet with sales of 1 oD bbls., for July, at 9 1-léc. ‘500 bbis., ai lew Heuaried, el at aiee' net, anu in lots 16) packages city steam rendered at 8) use. iter and cheese owed no important cl ages. ~The demand ‘has been fair today in a Jobbing ; both for domestic and foreign. Prices ruled steady. Sales of 40 tierces Carolina at 7c. @ 5%c., and 250 bags of Rangoon at 634. a 7c, teEDs.—The market for Linseed remained qu last sales were at $2824, gold, Wdays, |) quiet; held at Timothy was neglected, but quo'ed vady at ET iatahed Rough fax was quiet but orm at ‘Sucaw—The market for raw sugar, with a good de- mand and small offerings, was strong. We note sales of re ete basis of 7c. a 8c. tor fair to good refin- ng, and or 3 sug firth closiig at lige, a 100. for A, and l7%cou Ile crushed, powdered an guaranteed, Cuba—refinea, interior to common, ogc. to prime, 7% tioat Rhde, cad ‘boxes, eon, centritugs js and ' boxe: oy bhds. and” boxes, Osc. a THe. melndo,, 4c. Havana—Boxes, Dut ara. Noe. 7 10's 7 do, Igo 18, Tie. airs mS 1s Bie. & to 1% Byc. & H%C. ; do. , 1034e. ise. Biiives ihe, a 0s. rue Hic Refimng, gommon to prime, oKe. a Rrocery, y, tar to choice, Sige. a 9c. Brazil—Dutch ‘standard, Ros. 8 to 1 Gio aac. Java—Duteh stand- se Non lb to 12, 80.8 8i¢er, Madlla—Superior and extre Sales of 100 tlerces, at from 634c. a 7}gc. per Ib. meats Sales were souiders at 94c., i 450 tleroes Bae atabout August, at 91. ar was i gain very uuperlor. 7c. a Tie miruanine quiets 4 unchanged. ye. Prime ted 93%c. 4 oon ae Sales of 40,000 bble. prime ua wistow val and ste sterD, a! S82. Cit Tis —the market for as un dul ‘and lower. We have only to note I . Plates are steady thd in moderate demand; wale kes charcoal terne id. 8) ter ia very ull but steady; Silesian ¢. inarket Was without essential change in any particular, The sales of Kentucky sum up 360 hhda, at from 7c. @ 146. per Ib., and of seed Jéat 960 cases and 40 bales, as follows;—50 cases, sundry Tots, I870 crop, at Se. a $c. ; 100 cases do, 1871 crop at Sc. 9 crises Con- necticut, 187%, seconds and ilers, pri private terms: 25) cases Chio, of same sebweh and gu rt terms; 250 , same growth an ty, at 6c. & Bac., and 400 bales Havana at irom . Wuiskey.—Receipts to-day 97 bbls, Market steady but leas active ; sales 160 bbls at Bic. DOMESTIC MARKETS, dtl July 15, 1873. Cotton steady; food. ordinary, 4c. Net receipts, 144 bs i i etek. Pa sone Great Britain, 2,449; coastwise, 135. les, 100, Kew Onuzans, July 18 1673 Cotton—Demand fair; middtings, 18%c. | low Phtoags, 174, & 18: < good 0 in bc. ; ordinary, | Exports to the Conti- Net receipts, Net receip ra nent, 646, a 90.” Stock. na Cotton dull; middiings, 18% a irgorpty tt bal ball or c. Net es. Exports coastwise, 409. . Bales, 100. Stock, ¢ hnbhar cya 2a 1873, Cotton— Market, b bare of stock; middin ae. Net receipts, 356 Exports coastwise, 8 43. “i Cnarceston, Jaly 15, 1873, Cotton, aulets middlinge, 198. Net receipts, 147’ bales: 197, Bales,100. Hoek, 4408. pgp anworon, July 18, 13. spirits of turpentine, quiet aL dle: lady at for straines } A.) No. 28 for fy s ‘Crude tur; ne ‘arm el. jow dip and virgin. ‘Tar stewd ee Flour firm and in fair demand, 8. 6c., closing salen gt No. 10; Nov hae logan anh 70 uly, Tousno, July 15, 1873. Whest advanced bc, 1 375 is, $1 63, seller MKC. | NO . fOr No. 2 0! ig To ge tor sor a Hee. , to Os ipts—8, Is. fhe ron) bushels” wheu | esa Soe dai tO auuest C80 bck wheat, 2, jo. COFM and 2,000 on ae July 16, 187% DSWRGO, Flonr steady; of 2,100 bila” at $770 fot No. 1 $975 for white Winter sales Spri lot ainber Witte ts ai 8 for (louble extra. “Wheat, Ori; "sales of LiMo bi ter at $1 G2; two cars No.1 Milwaukee nneigias, “Gorn arth sales of 2400 bushels iow mixed, 550. ne caf at Oc. bg | user; fA or oue er ; silo stead for bol ~ c 10 “io. ia lots, aise ee See Rye malt ilwaukee beg 8 minal wt 73c. Weste ores 4s! »b : Lig it 20; Src: fe Canad. § gt = ye let and rovisions auoted, at $15 37}¢c. m7 seller, September. ; saies of Summer at The, puke meats steady and un nanged 3 lee Bac fi guohanged Whiskey ‘arin and ‘fr a8 pies 0. ments — . a wahels whoa 157/50) do. corn au cormaud i apa "a an FIRST BALE OF NEW NEW CROP COTTON. The first bale of cottom of this year’s crop was soid Yesterday in tront of the Cotton Bxchange and realized 36. per Ib, This was, of course,a fancy price, the .n- trinsic value of tne cotton being only equivalent to that of good gedinary. The olton, was gromn in Cameron county, Texas, & J. Hynes, and shipped trom Brownsville by Me. We Ytutriat to Mt Woodward & Guttman, commission merchants, of city. Messrs, O. Arnot & Cov, manufacturers, at North Adains, Mara, rohasers, through Messrs. reeman Gor their brokers in this city: pee HAVANA | A MARKETS, ? Havana, July 05, 1878. bills quict; on ‘United pent premium; short on Lonion, 61 a 63 per F cent premium. Ppohane ne, penton tates, 60 aight, Ba ° er ernt promis cent premium ; on Paria, 4 EUROPEAN MARKETS, Lonpow Mons Mauxet—Lonvon, July 15—12:30 P, M.— Sepsels for the account, 9254 4 92%. Erie Railway shares, Lonpon, Jaly B-3P. M,.—Erie Railway shares, 7% pouea Om: 15—8 P. a Railway shares, 47: 16-5 P M.—United states five-twent; ponds siz 8. $3%4. Brio Railway shares, (75s, 4 Panis Bounsx—Pauis, July 15—P. M.—Rentes, b4f, 20c, WERFOOL a aaent—tivenroon July Woes e MOL tho wales waedny 600 bales were American, Balog Savannah or Charleston, not cotton Botgre tows oct idglpesable i, Sepsis, At ih ill and tendin Middling upland: middling Orleans, 9d. Sales 10.000 betes including 1.400" Wor wpeeutation ant extent Sales of cotton shipped from ‘Savannah or charieston, deliverable July, at 8d.; and trom the same ports, delivera le August and septemper, at Sed. Manousstaa.—Liverroor, July 1$.—The mar- ket tory yarns and fabrics at Manchoster is dull, but not quotably lower, (VERPOOL Baeapstorrs Marxet—Liverroon, July 16— 12 Ju P. M.—The receipts of wheat for the past three days have been 27,000 quarters, including 20,000 American. ‘The receipts of corn for the past threo days have oeen 4000 quarters, Including 3000 American, | The market ty rm. Wheat 16 ia. a tis. tid California white; 12s. 34, a 12a 61, for club do. lls. 9d, for red Wistarn Spring. and la, for red “ints Flour, 27s. 6d. » 2. Gd. per DDI. for Western Canal. Peas, 385. 6d. per quarter for Vanadian. LiverPoot Provisions Market—Liverroon, July 15— 2:30 P. M.—Cheese, 59. per cwt. for the best grades of American fine. Lonpow Fnonuce Maxet—Loxpox, July 15—Even- ing.—Common rosin, 8s. 9d, per ewt. “THE OOTTON OROP. WASHINGTON, July 15, 1873. The reports of the condition of the cotton crep to the Department of Agriculture to July 1 indicate as follows :— Owing to the causes reported in June the crop is general trom two to four weeks late throughout e cotton States. The weather was unprece- fhe att wet for a period varying from twenty-five to thirty-five days, ending about the 25th of June. The area of cotton planted was suilicient to tax the available labor to the utmost under the most favorable circumstances, Consequently the exces- sively wet weather, preventing work and stimu- lating the growth of grass and weeds, has not only caused poor stands and a grassy and other- wise unfavorable condition quite generally, but has necessitated the abandonment ot large portions of the area planted—probably nearly enough to bring the acreage down to what it was last year. The reports, with rare exceptions, are despondent in tone, and picture a somewhat gloomy prospect. Doubtless the majority fall in with the common tendency to exaggerate the bad effects upon the crops of the unlavorable weather prevailing in the present and to undervalue the chances of recupe- ration from those effects. ‘The reports show generely that the favorable Weather in the last days of June was having the effect to change the condition somewhat rapidiy for the better. Cotton wo! caterpillars and lice had made their appearance in small numbers at several points, but, as yet, have not occasioned mach re ey ‘of serious damage. The aver- ¢ condition for the cotton States, not countingVir- gaia, made up from all the counties reported, was in detail the condition reported by the figures eee the following result :— Virginia—10 counties, reporting an average con- dition of 108; 2 being placed at 100, 6 above and 2 below. North C; vabove, 2: South Garolina16 counties, average $2; Laurens county averages 100, ali others below. Florida—l0 counties, average 99; 3 at 100, 3 above and 4 below. Georgia—58 counties, average 94; 17 counties at aa 10 above and 31 below. Alabama—36 counties, average 85; 6 counties at bove and 27 below. issippi—so counties, average 83; 8 counties at bove and 20 below. Louisiana—19 counties, average 80; 1 county at 100, 3 above and 15 below. Texas—60 counties, average 78; 2 counties at 100, 8 above and 40 below. Arkansas—29 counties, average 100; 9 counties at 100, 4 above and 16 below. ‘Tennessee—24 counties, average 96; 7 counties at 100, 3 above and 12 below. a ental tor average a Folina-—43 conntina, avernge O1; 14at 190, FINANCIAL, "A 70 tnvEstORs, te The Northern Pacific Railroad Company having de- “termined to close its 7-80 First Mortgage Gold Loan and thereafter to pay no higher rate of interest than six per cent on further issues of its bonds, the limited remainder of the 7 3-10 Loan is now being disposed of through the usual agencies. This affords a desirable opportunity to persons wishing to reinvest July Interest or dividends. ‘The company now has more than 500 miles of its road built and in operation, including tho entire Eastern division connecting Lake Superior and the navigation of the Missouri River; the work of construction 1s pro- greasing satisfactorily; the company has earned title to nearly ten million acres of its land grant end sales of lands have thus far averaged $5 66 per acre. All marketable socurities are received in exchange for Northern Pacifics. i | JAY COORE & CO., CLIENT OF MINK $200,000 TO LOAN—O} first class city property; also Clients to buy First and Second und Leasebold lortgages. Address ATTOR- NEY, box 319 New York Post off LARGE AMOUNT OF MONEY TO York clty Property: frst snd promptly cashed. —MONEY. TO LOAN ON N BOND "AND: MORTGAG! sin em York, Brvokiyn and New Jersey. Apply i SAMUELS” WOOD, Sry No. 138. Broadway, rovin 10. Balerences-Won. Jghn J. Cisco, Robert H. Lowry, Esa. Jacob D. Vermilye, Bsq. T REASONABLE RATES—MONKY ON LIFE AND Endowment Insurance Poliices, Mortgages and other Securities. Insurance of all kinds effected with best companies. J. J. HABR & CO., 17 Broadw: [ QULTIVATE! JADY DESIRES FINA‘ clal assistance in ning an honorable business in New York. Only # hdie-nged or elderly party of means and high ‘standing need address RUIM B. COR- NELL, Lenox, Maas. NO. 9 CHAMBERS STREET.—MONEY lean bond and Ch builders’ loans, boidean 4 securities; low rates: Ay suit: Brook - etches, pd Bann) a it and Second ya, Mortgages ELAWARE, 1p LACKAWANN AND WESTERN Coney No. % eR pee H w York, Jane Ii A Dividend ed five roentin cash will be the CE eg th Ser eels morning of 2ist July. DELL igh bt ON OR arom JULY 19 DRAW {oterest from July 1. Interest commences on the Beat day, Broo etveates me Savings Bank, corner be paid to June until easurer. ood scree, "Williamsburg. Fo OR SALB—ONE HALF OF SELECTED FISSURE- jee 6 Silver Bing, uae ieee worth over one mil- Hn saa giS SR ea ot mgt ace wey | on bet BRAINE, EXOoR J F RS, 1! BROAD H atte eh canes ae ke 1 : risk. Bxple xplanatory circ aye ra ane AND PERFECTED A ences FOR xhibited th ‘ich PIVANctAL. | Bt i ‘AND TRADERS 8, BAVINGS INSTIT tion, ) Bowery, Houston te se | goml-annaal dividend of six ver cent et annum will be Credited July ton all sums entitied thereto for the ak months and’ three months ending June 3, payable om and after rduly a Divigeniis not Wwithdrawa ‘will be ene titied fo intoveat aa a doposit”” Money ‘deposited on or letore "July 21 wil draw ‘interest veo faly 1 Cpe daily trom a, M ‘M.. wand on Mondays and Wode nesdays from 10 tot ALFRED T. CONKLIN, President Hevay ©, Fismen, Secretary. yew YORK ¢ CENTRAL AND jeer Ralinond i age Bond: ‘iret Interest se cont, January and July. Friscipal ge due in I Conpon Bonds of Registered Bond. 5,000, "$10,000 each, ‘ued interest. Price 105 and ac: For sale by DAVIS & FREEMAN, 58 Exchange place. en chereat RAILROAD A aivitent of Ave per dee! byt company payab the Istdav of 1° sre the holders of Mul! paid shares, recistored at the elas oF thee Joth day of July next, ater which and unit the 5th day of August the trausfek books will be closed. ye Te RANDOLPH Assistant Treasurer. — TRADES SAVINGS BANK, 275 Wuse TWENTY. third street,—Seven per ‘cent divitends; coupom, quarterly interest bearing certificates istued, oqual im safety to registered bonds; deposits now draw interest from July 1. OPER oF tH LLLIN( Company, New York, Jun has been TO ANVESTORS THE UNDERS ED INVITE Proposals for tho sale of $40,000 of the Asseasment Bonds of the town of Morrisania, having one, two and four years to rud; these bonds bear seven interest, payable Aprii_and October; bids, wall ceived for the whole or part unti the dist July inst THEODORK WILKENS, Commissioner, 61 Bow ANTED—VIRGINIA BONDS AND PAST DUB COU- pons, North Carolina old and new Bonds, Louisiann Bonds und past due, Coupons, Nemonis city past due Coupons Southern Securities & xp ARENTS & YOUsG, NO. 9! New Atroet. WV ANTE Done FOR A SHORT TIME, ON OHATIEG mortgage; property insured tor tem times the @inount; unquestionable seourity, a fair bonus and aatis- 1S Ney agate Address L. & M., box. ree r cont be re- TE HAVE FUNDS TO LOAN ON GItY PROPERTY; ‘algo for purchase of Second and |oasehold Mort: ii wi Frivetpais call on or address SAWARD & LEA. IT, 64 Wall street. ANTED—LOUISIANA BONDS AND PAST DUK Cou, pons, Georgia | past duo Honda, ‘Tennesses Coupons, ‘Orleans, Jackson and Groat Northern Railroad Bonda;, Misstss asippi Central Railroad Bonds, Mobile and Vhio Ballrond nds. Soutiern securitica « specialty. RENTS & YOUNU, No. 9 New stroct. ‘ANTED TO BORROW —$2,000 FOR THRBE OR five years, on first clas# unencumbered property gitmated on the line of Broadway; ground alone wort $10),000; no bonus nor ogmmitton paid none but pri Cipals noticed. “Address MORTGAGE, Herald oMtee. 5,000 AND $6,500 TO BUY LEASEUOLD $4.500, Rar « ALLEN & HOWE . No. 536 Pine atrect, New York $10. 00 ~ LOAN ON haves CLASS BROOK. lyn property. or will bu rat mort Sages on same. Kpaly to RuUANd & Witting, No.5 seokman street. $75 00C TO LOAN-—ON BOND AND MORT- o. gage, Without bonas, for a term of years. on Real Estate in ui REY, 162 Broadway, room 9. JOHD ‘ WANTED, LARGR OAPITAL (COL $2 200. 000. terals) or equivalent European bankers credits (prime four months acceptances) for the enablshinent of a frst claw linporting house. on. the order plan; a young gentleman of good family and ‘commerdial education ferred. enterprise is sound and of considerable tmportance ¢ ospectus sent to real ids only. pro: Kiitess URDEK SYSTEM, Herald office. —— REAL ESTATE MATTERS, Considerable notoriety was given to the sale m the partly-begun hotel situated on the Fiftn ave- nue plazza, between Fifty-cighth and Fifty-ninth streets, which was to have been sold yesterday at the Exchange by Mr. R. V. Harnett. Notwith- standing the extremely hot weather a large as- semblage congregated to witness the sale. As the auctioneer mounted the stand to dispose of the property he was served with an injanction from the United States District Court restraining him from selling the same, consequently the proceed- ings had to be stopped, and the sale was meanwhile postponed until the 22d instant. The annexed sales, however, were held pursuant to advertise- ment :— By JAMKs M. wuLunn, (W, HE. Leonard, referee). 4 story bk. tactory aad tot Wo. 37 oth b tween 2d and 8d avs, 2.520010... 2 (Executor’s sale. fr. house and lot, n, s Kast Roth. wt, 200 ft. w. x: ators raleha re toes seeeeee 5800 (Charles A. Jackson, reteres Satory b. s. house and lot, n. & of aud st., 190.4 ft. w. Of Teh ay, 16x98. 11, 4utory bk. house an of 100th’ Bt, 20x75. BY BLEKCKER, SON AN! Lot n. e. corner 10th ay. and 62d Tot dae. th avew itn of Gad apie BY H. X. Camr (Supreme Court sale). Sstory bk. tenement house and lot, No. 48 Bt, @. 8, 125 ft. 8 of Hester st., 26.2x87.5, Sales Were hoi, yesterday hy A. J , Som & Co, at Plainfield, N. J., the property sold being 105 acres, belonging to Norton, of Post Ofice noto- riety, disposed of for the benefit of the Untied States goverument, under the trusteeship of Gene- ral P. H. Jones, the late Postmaster. Mr. Jere. Johnson, Jr., held a large sale at Far Rockaway, of which we shall re particulars to-morrow, a8 well as of the Plainfield estate. To-morrow Mr. John- gon sells a large piot of land at Williamsbridge. At private sale Messrs. L. Friedman and G. Lis. penasse report having disposed of jour lots and @ two story frame house on the north side of 142d street, 375 feet east of the Boulevard, each lot 25x109, for $25,000, MEETING OF THE PRODUCE EXOHANGE. ‘The meeting of the Produce Exchange, held yes- terday afternoon, to consider the proposit.on to appropriate $200,000 of the surplus fund as a divi- dend to be apportioned equally among those hold- ing certificates of membership, was largely at- tended. Mr. Franklin Edson, President of the Ex- change, presided. Mr. Husted proposed a resolu- tion to the effect that the building or Surplus Fund, with the interest accruing thereon, be allowed to accumulate to meet the future wants of the Exchange, and that this be considered its settled policy. Upon this resolution a long debate ensued, Mr. Smith and Mr. Kemp speaking strongly in favor of the resolution, which was carried by an overwhelming majority. SCHOOL COMMENCEMENT IN HOBOKEN. The annual Commencement exercises of the Children of St. Mary’s School took place in that building on Monday evening. The programme con- sisted of music, a dramatic periormance entitied “The Choice,” recitations and distribution of prizes, Throughout the proceedings the hall was densely crowded by frieuds of pupils. The gold medal for superior success was awarded to Miss A. Clark, and the silver medal to bese one Han- afty, Misses M. E. Curtin, ©, yan, E. Welsh, M. Kirwan, M. Ryan, E. faye, ‘tangle ty ‘an, M. Maher and A. Clark TOK ers in the exei A spirited chorus—*"Good cyl ee rtp 9 up the entertainment, which, owing to the good taste and energetic labors of the Sisters of Charity, proved a marked gnd well-merited succe: OUTRAGES BY HOBOKEN POLICEMEN, “Tt is hard to be treated in this way in a strange place,” exclaimed a middle-aged man in Newark street, Hoboken, om Sunday night, a8 he passed towards the ferry. A few gentlemen travelling homeward heard the ioud murmur and wondered what it referred to, The stranger had been visit- ing his brother-in-law, Mr. Daniel Sullivan, in Ho- boken, and the latter wae about to leave him at the ferry when three rowdles, probably bent on plun- der, rushed from @ spot near Nick’s Hotel and lashed his head with a cane, smashing his hai, A cry of police was raised, and, after much persua- sion, Oficer Ford was induced to take the rowdies to the police station. Sergeant Ringe was on duty there, and, when he heard the complaint, he said to the rowaies:—“Apologize to this man, (the complainant), and that will do.” He would not lock them up, and they were let go. The stranger and his brother-in-law then requested a. friend to see them to the ferry, lest they might be attacked a seconadtime. As they passed the same spot (that being the orly route to the ferry), the game discharged men rasbed out and struck Sulli- van,and one of them Jes fly a lager veer glass, which inflicted a frighwul a oD stranger's $ ebrow. Oftieers Ford an Jacobus again arrested three mes and breught them before Seranees Ringe told the stranger that before he Kg id preter caleee ainst the accused it would be necessary for imselt (the stranger) te stop tm : his, one of the cals all at. To mend a se disc! of courae, the man demurred, irda f ton Canal fr orn ge ale ee York, Tuber, ade aD Gval. of selsnune sod. precteal men, to , Hiudagn. 4°25 to" New York, allroad nee which image's tical nen, to she; to Albany, Se Receipt by take ‘ake: souk Fa A enre © Barty Oe ‘otek nine 446,000 foet of lumber. Shipments teeing to demonstrate “entire pensions swers wheat, 1800 do. pons, 1,1W/W0 feet oF famber. to receive Shae ae ned siivon; Burvaxo, July 14, 1873. | d 7 ighaton wit be gh given. “Address Lake and rail imports for the last twenty font hourt — ao Herald ome if 5 rn, > Gaaal Rok do: |] GAVE, 8800 70 $2,000 CASH TO BOY wana Lae Matte ee ET Sule, parler “Xadvon box Bee Heraid atten. “ae ‘O“ICIES AND amounts, at 35 Stregt, up sairy, time are await wnat action, the came will takes pec igs called etal the grave nature of the gocuga- meeting tus eroup’s | q | i