The New York Herald Newspaper, July 22, 1873, Page 9

’ FINANCIAL AND COMMEROUAL. The. Progress of the Erie Speculation. How the Operators “Squeeze” Their Victims. Lively Times in the Stock Exchange. Arrival ef Stock from. England. GOLD HIGHER. MORE SHIPMENTS BEING PREPARED. GOVERNMENT BONDS FIRM. ood Motiey Easy and Foreign Ex- i change Strong. WALL STREET, } Monpay, July 21—6 P. M. THE FORKIGN MARKET. our, London advices furnish little information of general Anancial interest. The bullion which went {nto the Bank of England on balance account was £242,000, Ooncols were steady at 92% a 92% for money and 92% for account. Five-twenty bonds of 1865 wold at:93}¢, do. of 1867 at 03% a 93%, ten- forty bonds at 90% a 903¢ and new fives at 89% a 90. Mlinois Central opened at 82 a 83, but at the close fell o@ one per cent. Erie opened at 46% a 47, but at noon had declined to 46% and closed at 46%. The agencies employed here to reproduce a reac. tionary influence were apparently without avail. The new French loan commands a premium of 6% per cent., Rentes were active and higher at 56.42, @n advance since the morning of six centimes. HE MONEY MARKET. Considerable activity prevailed in the money market to-day, both for ca and time loans. On the former the rates ranged from 8 to 4 per cent. For prime paper due in August and September the cate Is.6 per ceut; due in October and November, $< per cent; due in December, 7 per cent. Janu- ary is heavy and not much wanted. The trust companies and banks are dealing largely in this class of prime securities. Foreign exchange was strong at 109% ® 100% for prime bankers’ sixty days’ sterling and 110% 9 110% for sight, The business in sight exchange was unusually brisk. GOLD 116% A116. Gold is stronger to-day than it has been fora tong time past, and with a firm undertone that bids “fair to maintain its present figures, It is re- ported that a large shipment is being made up for ‘Wednesday, but the amount is at present unknown, ‘The business of the day hes been qaite active, with the flactnations in prices as follows :— ‘The rates paid for carrying to-day were 23, 2, 3, 8% and 4 per cent. ‘The, operations of the Gold Exchange Bank to- day were as follows :— Gold balances...... $2,083,688 Currency balances. + 8,416,022 Gress Bs oe 000 : _ THE UNITED STATES TREASURY. "Thé following were the balances in the Treasury at the close of business to-day -— legal tenders for re- bir “g ‘certificates of deposit..,.. eee MDs eseeeseseeess sees Including coin certificate Outstanding legal tenders. \e ‘The re¢etpts in Washington from internal revenue wore $480,088, and from customs at this port, $536,000. The Assistant Treagnier to-day paid out $180,000.0n account of interest and $13,000 in re, demption of five-twenty bonas, RAILROAD BONDS, The ‘transactions in this department showed generat ‘firmness, but without the usual volume of ‘business. The following are the bids as amended at the call:— yew york 9 z eteey eh aes, es £ 5 33 5 fll ay a a2 oe eee Hu B ie : fe State bonds are quict, 9054 is bid for both issnes of Tennesseo, Georgia sevens being 88% to 69, while for North Carolina, special tax, 13 ia bid. We quote néw July South Carolinas 14 a 153. Missouri Plain sixes Close at 93% a 94, and the St, Joseph’ issue 03 bid. Annexed are the quoted prices:— Tennesseés, ex-coupon, 60% @ 81%; do, new, 80% 81; Virginias, ex-coupon, 42 a 45; do. sixes, Consolidated bands, 54a 54%; do. sixes, de- ferred scrip, 10% 912; Georgia sixes, 72 @ 76; do. sevens, 68a 00; North Carolina sixes, ex-coupon, 27 @ 28; do., funding account, 1866, 16 a 18; do, do., 1868, 16-8 17;-do, new; 16.8 17; do., spectal tax, 18@ 14; Missouri sixes, 08 89335; do, Hannibal and St. Joseph 9234 8 93; Louisiana sixes, 48 9 52; South Carolina sixes; new, January and July, 148 15; do., April and October, 20 a 25; Arkansas sixes, funding account, 37 a 40, GOVERNMENT BONDS, ‘The market in government securities continues Strong, without a show of great activity on the first day of the week. The fact is there is now a much larger demand than supply, and bankers ind it diMoult to fill orders except in smail lots, ‘The prices are annexed:—United States currency #ixXes, 114% @ 11434; do. sixes, 1881, registered, 11854 @ 118%} do. sixes, 1881, conpon, 119% &@ 120; do, five-twenties, registered, May and November, 116% @ 117; do, do., 1862, coupon, do, 117 a 11734; 40. GO., 1864, do. do., 1175 117%; do, do,, 1865, 0, G0., 118% 8 119%; do. do., 1867, regis- tered, January and July, 116% a 117%; do. do, 1865, coupon, d0., 117% A118; do. do., 1867, do, 90., 118%'@ 119; dO. do,, 1868, do, do, 118% & 11834; do, do, ten-forties, registered, 11434 & 115; do. do., coupon, 114% & 115; do. fives of 1881, coupon, 11634 & 11534. pany Speculation in this stock was resumed this morn- tng, with an atcendant belief on the part of many persons that it would develop both the power and the of the German pool, who seem to have it in keeping, and ate supposed to be making » “oorner;” but results did not justify the expec- tation, and 00 far the movement amounts to little More than an ambitious “furry.” The history of he day in connection Witt the stock ts not unin NEW YORK, HERALD, TUESDAY, JULY. 22, 1973—TRIP teresting. ‘The fight began with the price at 65. ‘The next sale Was made at 63%. It then went to 64 and 63, cash, and suddenly dropped to 614, regu- lar. Then’ it bounded to 63, cash, and thos con- tinued to exhibit more or less of freaks and fucta- ations until the close of Gifference between cash from X tol per cent, this sioned by the refusal of the German bankers to toan the etock, which necessarily forced the bears to buy for cash and to sell it out regular, THE RAPID PALL of the price to 613¢ indicated that the “corner” had produced no influence in London, and later ad- vices by cable showed that the price there had even receded from 46% a 47 to 46%. It was also an- nounced by ocean telegraph that the despatches sent from New York on Saturday that stock was scarce in this city, and otherwise concerning the Erie corner, were disbelisved in London. Hence the decline yonder from opening prices. Towards the close of the day considerable stock was bought in “under the rule” at the Stock Exchange, and for the time being, not only was considerable EXCITEMENT GENERATED, but @ very unanimous feeling manifested against the attempt by the Germans to force 1,600 shares en masse in one lot, with the possible intent of running the figures among the clouds, The Chair- man of the Board proceeded to bid for the same, and the price had risen to 64, although lots of 200 and 300 shares were being offered on the floor at 63, when the indignation exhibited was very pro- nounced, and numerous protests were made Against the purchase by the Chairman tn the man- ner proposed. At last @ member managed to secure a hearing amid the confusion, and moved that the stock be bought in lots, the same as it had been sold. The motion was enthusiastically car- ried, and the sale proceeded thereafter without in- terruption. . THE PRICE DECLINED rapidly under the prompt conservative action of the Board, and three or (our thousand shares were thus bought in under the rule. To add to the dis~ comfiture of the parties, the fact was announced that the steamer from Europe to-day brought an instaiment of 15,000 snares of Erie, and more were to arrive by the Cuuard steamer due at this port to-morrow. The price at this juncture dropped to 603g. It reacted, however, in a few minutes, and the gong sounded the closing hour as the last sale was recorded at 62. It is impossible to say how much of the short interest yet remains uncovered, but the transactions to-day would seem to indicate that the pools were @ good deal like a pair of shears, The two blades, in the one hand, simply cut against each other. Erie was offered at 66, seller 60; 67, seller 30, and 69, seller 10 days. Tho Operations in the stock to-day amounted to 29,300, In other features THE STOCK MARKET may be described as generally strong, The best evidence of this is the volume of transactions in some of the'principal tocks, to wit:—O/ ©., 0. and LC. there were sold 2,400 shares; of Northwest, 4,400; of Lake Shore, 8,100; of New York Central, 1,450; of Ohto and Mississippi, 5,400; of Pacific Mail, 16,200; of Panama, 4,600; of Wabash, 8,550; of Union Pacific, 7,600, and of Western Union, 24,700, Erie, Pacific and Western Union shared the ehief honors of the day. The last named stock Opened at 90%, and at the first Board advanced to 91 a 91} @ 9134 a 9194; then, in consequence of a somewhat feverish condition, provoked by the manipulation of Erle, receded to 90% a 9034, but at the close recovered to ol. Pacitic Mail improved from 8834 to 29, and, before twelve o’ciock, had risen through all of its fractions to 40, when it aiso receded slowly, and closed at 394, Northwestern opened strong at 71}¢a 71%, then went off to 71, which strength it maintained until nearly the close of the day, when, on @ duli general business, it called for 70% a 70%. The preferred stock g£0ld for 840 8334. New York Central sold at 104, 103%, 10434, 1045; @ 104%, closing firm at the latter figure, Lake Shore was steady at 93% a 94, with but slight fluctuations, A strong advance in this stock is confidently pre- dicted. Panama made the greatest rise of the day, moving trom 116 to 117%, with @ reaction to 116 and 8 close at 117, Qn Saturday the price was 113, Wabash advanced from 12% to 4844. Rock Island ranged between the ex- tremes of 111% 4 111%, closing at tuo former figure, Obio and Mississippi showed o variation Of only % per cent, opening at 4134 aud closing at 41. Union Pacific was Ukewise steady, with a range of oply sbout x ‘per cent, St, Puul varied 3 per cent from its initial figure, 53%. ©., ©, and I. C, sold up to 33%, down to 83}, and closed at 33%, Harlem was firm at 120} a 1295. New Jersey Central closed at 103%. Chicago and Aiton sold 10934, Illinois Central at 106, Hannibal and St. Joseph at 41. The disturbing influences of Erie were not favorable to any of the last during the afternoon, and if an advance seemed practicable it was checked by the events that have been de- acribed, HIGHESI AND LOWEST PRICES. The following table shows the highest and lowest Prices of the principal stocks to-day :— Western Pacific Mail. “Wiitio, cash, 65-68, In Philadelphia stocks were inactive. Reading ‘Was quoted at 110%, and Pennsylvania at 1083. SALES AT THE NEW YORK STOOK EXCHANGE, Monadsy, July 21—10:15 A. M. 11000 US 5's, 10-40, ¢ uss $5000 US b's, c, "BL..... 11536 ») UB 68, ©, "Bl., 10 A. M.—Before Call. 100 shs Pi " 500 Chica it T ite a eB eres SSSSSS5! aces ee g 2 ea Soensoesesoes 26h: Sees: BESSSSLE SESSESSESSSSESESESSEESESSESELESESE: = Es F SSSSSESESESESESSESS SAL EEESELE E8858 ser: esetessesssess SEES: ETBCEsESttaebenUseesyeces 16 116 i lie 0. 16} do. 1s # ee 1000 do. Hi 200 do it 80 1 do Wi 50) Un P RB. 1000 do. 70 B sa 100 Cy s 100 a 100 i a0 is Pn * z 3 d, Lf 200 u 20) do. 300 mw do. lov 10) TH Cen wo 1WH a Be too 1 100 do. 1 nm 100 Pac M 100 ib 8 = so n 100 i to 19° 4 do 100 B34 rt do. oo M mM 600 go. Guo, do. ny do. a0 do. wd 3. 200 do. 300 At 6 800 do. loo 27 600 0 200 01 41g 300 0. 1u0 bs 4h 100 800 4 20 109 4 bf do. rf a Ww al 200 0 a 500 400, 4 100 eT) 1400 shs WestUnTel.., 91i¢ 3.9L 60 sha N J Con RR. 100 Panama BR..... 10) Ou aie cae ae awe Caley Se: a ies SSESEEEEE. we SEESES ery a =o: 20 100 1 200 2 ay 4 * 200 73 200 By Be B92 2000 a 39% 5.0. by 30% 2000 ni 809% 200 in 0 S088 2u0m 3 0) Sy'¢ 2007, 0) Sosy 1s wy in Ls 37% 300 SONY 108} Wo 100 ~ 104se 100 100 toa! 2 10) 1043¢. 800 25 shs Metrop'n Bank 184 109 Dig 20 1° 300 90% 500 9% 70 < 63% 190 6334 600 ° x Im 6334 80 6354 100 83 63 Ty oS 63 teh 2 eee Tk Fleur Dull = Wheat er = Corn Firmer—Oats Leoresuaece Gulei— Lard Weak—Cotton Quiet—Coftee Held More Firmly—Sugar Fairly Active. Monvay, July 21—6 P, M. The merchandise markets were almost aniver. sally dull to-day, and transactions were limited save in 8 few exceptional cases, Breadstuifs wero dull and heavy and wheat was easier, the market Closing dull'‘at 8 concession of about 1c. per bushel for forward delivery. Seles were made at full prices, Corn was firmer under moderate receipts ands fair demand. Oats were dull, irregular and decidedly lower. Whiskey was firmer. Pork was dull, as was lard, but both were firm. Cotton ruled quiet on the spot, but firmer for future de- livery. Sugar and coffee were in good demand and sparingly offered. Corrzz.—The whole market was stronger, especially for Rio, some holders demanding an advance of 30. per lb. Further sales of cargo invoices were not reported, The steamer South America, with 7,00 bags Rio, came up today. We quote:—Rio, ordinary car- goes, 18c. a 18ic. ; falr cargoes, 13}¢0 a 18%Kc. ; good cargoes, 190, 8 19%c.; prime cargocs, 1930. a 19%e.; extreme range for lots, 17K. 8 19}¢¢., gold, per Ib., 60890 days’ credit; Java (government bags), Sle. a 22c.; do. Grass mats), 2c. a 230.; Singapore, do., 18. # 190.; Ceylon, 19, @ 20c.; Maracaibo, 19. a 20c.; Laguayra, 19c. a 20c.; vamaica, 1830. @ 19346. ; St. Domingo, 17c. a 17%c.; Porto Rico, 190. a 19}¢c.; Costa Rico, 183¢c. a 20c.; Malabar, rea a 19¢,; Mexican, 180. a 19,; Manila, 18340. » 19c.; Ape, Sa yn .¢ Curt ae Sy ha ather oi on yor quiet at abont former Consum) Speculat Totals... included quote — 5 rime (oF ime ime do. ; store te rate fen were it y 5 Sbtee, a ‘bbe. & THe. for White: also. ibe yarrivs With sales of about 21° USe “ato for black: sates of abut at dic. a 42c. for black; lc. for white. Western Peas and malt were ye as hold held at Tee., with weve wiry for room by rm Fusigura there was a moderate | Derth ship, and rates prerely. wero jer limites oeerings of poses. Beck rtng demand has ma ree aia tes tad. | Pete inbox cheem ae net, haareatat net ficein, £00 donee chess at Rand tin boxes ‘0 she charters y j—-¥ o rusroos ard on on nS PEA ate ritiah si mn beret ror fi nie rate an ‘London: hence to Penarth Fqe%43 and ritish Chan- parters th Koso. 6d. ; @ BPitish bark p ais. re redined “petroleum on n bark, arrivs genes to ‘700 bul. refined da,, on a piive a Norweelan my (rechartered), hence, to the fer with refined do. i ‘A American bark, os i] 1e Mediterranean, ‘with 180 pbs refined do. ae to ng ay Itali nee je! bbis. re bet t to Asbo ths retinod don at fa ‘a. Ic, and an Italian eo terms, thee i pel with hence to 0, fk 10s. 8 British for ordets, with Medi terrahean we hence to, Marvelion vith “0 ds Wobasoa at abe aed There was no considerable movement in this article and ree continue more or jess. Paes We quote:—New sag do." el red, j'do., et glish ‘Isiands, Orleans, in B50, Nava Sroema, —3} oe furpenting islower at Wilming- ton and with very little inquir: rice bs de. Pressed and also & trifle off; with 4do, ns the sang ver of 100 New Y Tore bbia. at ‘a gate, but holders are drm io their AYO. wing about $3 10 for go. strained, ie 800 bbls. common strained sold at. wis dion are moderately active atid prices Road sain etaie No aeea0 3 chapter at th a. ie from 10. uw pale We pile ranging ea Ata bere the searce bss wee fot ‘s fo of 175 bbls. Wash $4 OY, we ich iy the general Cite price. Wilmington ‘hold Hi) a a £8 fatal 4 Lt fairl, tient 4 ig rg ot ee ate ol ae we hear ha bis. No, rosin at is. at $3 8/3g and bla. pale at $4 5. o Pocuntare Tha sca Ket Yor refined remained quiet, with prices about the same, but the market weak, Jul And August quoted at 17%. a. ta , with sales of 3. Dols. rst half September, at 8c. Caves dull and pominal t 230. a 23340. and naphtha likewise at 20. a 10kge. I Western and Crude in bulk lower and quiet, Sales 1,000 bbls. Lp ‘Tie. ; shipping do. quoted at 124c. The Creek ae enerally lower. Spot quoted at markers, $1 95 ON Clty, and $1 Mk n $l 99 Hasvite. 1 At Philadelphia the market was ¢: aay a Gull” wt 180. for spot aud future, with sales reported tor September and October at that price, —Rece! rie Pork, 6 bbis.; cut Biase 978 ckages lard, Boa bis, and ‘tlerces, "The market for ewe Ka 103 bbls. de do. ol 8, spot, at me city mess, on private terms, apes quiet, but prices ruled steady. Sales. in out ack Ages, at with! in thet 10 6 for plain moss, bb! @ $15 for $20 fur prime Uerces, ant lerces, Heef hams ‘wero ni ady at $26 a $31 tor South- were only in moderate of sales of 10) boxes long ds at 1234 boxes bellirs, 12 Ibs, average, at 000 Ibs. do, iskibe ‘average, at Hise. ; 2b boxes clear 1 Sige. 5 1 0K0| inek Kled shoulders at Ye. and 00 smoked joulders at Ie. wiet and nominal, without oteworthy sales; Poe ror’ clear and 9¢e. for short clear are om! al'quotations. Lard was weal ‘e note sales of 700 reeaety! September, at 9c; 25 tlerces, do., at Closing. eit Was jerces, Dacember, at 87-160. & ic. Western steam on the tit pepans ery Was nominally 8%c. Dressed a Ware nicted at Oe. a Tacs which showy n decline and cheese were without remarkable change, thé Rice—Frade to-day was tair, ih a - But latter being very, frm. Jobbing way, a Kot was drmer, | The sales toot u up jerces. Caroli gc. @ Dige. bags Rangoon at 6% Sugano talr demand sou for raw sugar at fuil prices the market closing, firm. some ds. various, 5:50 ‘age Pernambuco Reflned, at notive, The saies comprise 80.5 bhas. boxes Gury hag at vine a ie, Tige. tor quote :-—Caba— r to 8 Cn o°? centtiiy aly sino Baa ds. and boxes’ 640, | Havana—Boxes, fo 8 SIMe-t (dos 3° Ag Hy o. Sth jo. ier Ne o—Kteftuiny, common to pete, | 7a. ong onolon ga 8,20 Hi-Duich om. 1, 6 ‘Java—Duich stand: Zo. 6 Site: Manila—Superior and oxic i a canter, Prime offered at 90. i ve ame wr y M3 io Knas ohne city ‘atois. ri at 87-16c., and jomand was only Receapt» 16 bbls. The ting Fate appeared to be trifle irmer. Bales iy) ‘bla. at Bie. DOMESTIO Mi TIO MARKETS, ~~ Gaureston, Jul; Cotton ; Rood ord. 7 MA} Coipts, 44 Stock, 13,009 New Onveans, July 21, 1873, Cotton—Demand moderate; middlings, ise. Net te- Seis Sat halos; azoms, ov. oe 600; last evening, 2), varreamy, Suly 2 1873, Cotton firm; middlings, 18 oa taxes red baled Exper rts coastwise, 71 Sato 19. eee & gialy 21 1873, angtton, att \ is cone, i miadliaes o by nda. a Ce ye Biot Goasiwise'S10 Sales, 100 BtooK, Ul tha! “ike 21, 1873. Cotton firm for good grades; oe 940; middlings, 1S ord cena. .; ordinary, ‘We, @ Jac, Net ‘reve cipte, 38 bales. consiwise, 1,0ed. Us bed rn N.6., July 21, 1873, rs irits of turpentine bigher; sales at 39 4, gr trained. ‘Crude asthe ea at barper tard. 2 for yell far high pw dip and gente or; sales wey galt whit ve ly 21, A Te on ara Ans io, 6. and Pa fe n gh tke i Aig cori! tise 3 tot and July, vt testy * No. faAie i 1d 9,000 di eeoarrman eet Th a. eo corn snd a Flour steady: 6 sales of 1,000 a bbls at {rn ate for ao Wea inter ‘gal 1873, Net ro- juiet and stead: les, Sales, CHARLKSTON, Saly. oy oa oie ow' Ait) 13 a 800; ahicaenes ek ga Paras 8 $21 per ton. Canal froig i ate Te., corn and 740. to New York; lumver. oth to New York. Kail- ke Vink Op uledelpnia @o.; to Boston Bc, bushels w abt vi dgfia Tait, $10 1.35 fee lumber. poy Fuenta by canst bushels’ wheat, 4,000 000 :eet Lumber, Grain in sto 209 bushels wheat, at, ear tur do. cor corn, Wie “Poke tnd tall ttuporis Yor the ast raignt “Plours—15,567 dtr adie Prat Wh Or gIa do, corn, 16,000 do. yo, 106 go. lo. peas, Canal enipments— $81,833 bushels ios pale corn, exports 16,00) bushele cls wheat 2.7 0d do. ‘corn, one ur quiet; Western amber, 8 8 8 $5 6); les 340) ius Sas: No, 1 Spring, $1 44; er M spriniy @i a oH) % ney ial hai fe, $18 saree nite. Mich ¥4 i Bast te, Corn slow sles tate 46'¢c. ; 3,000do.. per sam, ee fi hae Sat a 4 i Western, 8 pr heid at 9c. ‘provis jong unchangs Dashed ioe odat ‘2% Reo Oaiade, 303 sas, Bye py July 21, 1873, Flour in fair demand and as re ghojee 8 ping extr: BD a $5 75; pinnae $6 25 a $7 0. cra tt and ae sete closed iy heat spot $ OW & ), Sep ‘i, ae a; 4 elie See ee ne Sete Db ie PGi in ewe UTIOA OHEESE MARKET, ~Trtoa, N. ¥., July 21, ilte a6 acnepartae ay ht ries es got 136, 1e c, About fiity factories were rej roe i it {Te I tau aie eae ain scevarin Sin poner ares wore lic. a awe of tnotoree le ng cat Lage. and 12\¢0~ pe int rst two ager ‘figures ruling. pow teracton) EUROPEAN mops + tens ives wry See aa be eg r —Lavenroor, Jaly %1—6 ‘30 ane A oy) aloe we Raf Sa es 1/000 bales: including 2000 pore Bales of 63 at ra rr wraucal 7, wt ierabinesy a i aes ow “oy BuRADsTurrs VeRPOOL, July Z1— eae arian, duly a— eg ‘S9f. for Ane pale American, OOTTON PROM LIVERPOOL. Specelation in cotton is developing. Yesterday 360 bales of cotton were received by ® prominent houre in this city from Liverpool, per City pg) aya Not that the See ee temp' oe ‘Butt tite See cae | is be = the “butts and ‘and the PERNAMBUOO (BU00 MARKET, By mail from South America we have the following re- port of the Pernambuco market, under date of July t, in Lr engi “bears” im or he posting’ at $23.0 30 ofa and Fido bbls. frieste and Hun as A seymarket quiet andoon. sumption limited, Sah" cherters eflected for fo ote. to gheaznel nd eal cent per ton, bal- Iverpool ; pent per toh for sugar, 7-160, 9 Wad Oper cant ner ib, OF aa closed for the oll speamer, Lape af for bank and who. 2 Wife. tor turther stiffen which Tan ‘2vance on ‘above eae THE SILK TRADE OF OHINA By mail from Canton, China, we have, under date of May %, the following annual report of tho silk trade of the Empire, prepared specially for the use of ¢he ee a ark Pace car nath tae ies ay 01 aa sh ot Se te oes iis bur anticn as to the tenance otan ineres ey tion of this ‘most valuable of the rodacts of this province, are again cont idle of M. the natura’ lose of the ilk season, and to that we conform in atatisues. remark that all activity of comand for foreign countsles ocased before the 1st of uary, since whe! shipmei to all quartors ha’ hese but Sue BA Ree a8 yur ad’ Mien , henley wo 1 r pan ‘and wo may now nate than, ai i, swear we. hel oneld ot ot pr oe wo rtraln through Bion foot acd 90N where ne Me as ‘an absorption use °4 to 1,600 bale wera reeled silk originally Invended for shipment to Kuro Rh ian renpect ee roi Gna" less Finer i Aas ast y Tespects quality on of staple, but with lod wi but with there setted woathor aro eeerpas ‘A small quantity of new has been taxen for Bombay, es we teen A i poly oo Ad eg iellgt | ae ‘any consider- able purchase: within 15 per cent or these inconlageste vel fe prices, ane BINANCIAL, A. A Coon 4 & FW New Yor York. Exchange on London, Paris, Ber! 5 MO prankfort, Bremon, Pasi: Cable Transfo Circular, Lettcts, Commercial Credits, JAY COOKE, MogULLOCH & CO, Lombard stroe! Cable Transfers upon Vienna direc! T REASONABLE erp etree ON LIFB AND Endowment Insurance Polilces,Mortzages and othor Securities, - Insurance, of all, kinds fected with hest companies. J.J, HABRICH & 0O., 117 Broadway, rhe! & BAZLEY, % BROADWAY, Brokera.—Stook and Gold’ Frivileges; Puts and Cail, and fount Privileges on. all Gold. Explanatory ctreular mailed to any ‘nddrea A PROFITABLE OPPORTUNITY OCCURS FOR IN- wonting capital (and obtaining position also, if do. rired) in connection with a solid and important railway construction; security equal to. S00 per cont will be given in first mortgage waliways poade, ey to pth prin. cipal back in a ths e profits within as auras noe toss $0, OM wit’ be taker ade dress, for ‘Interview only, ESPEAMSIILP,” Heracd Op. town’ Branch office. London. A —MONEY TO LOAN ON BOND AND MORTGAGE + in New Torr and Brooklva, Collections romptly attended to. WARREN 8, WILKEY, No. 5 Beekman street, Fooms #1 and 2% OHANOR FOR A FORTONE.81,00 Of 92.000 sometim Nove fortens on Ove. Brook es Zhanger “those who wish to profit. by ‘tho. pktll and ex: pericice ofmen who know the inde workings ot (ho great combinations in Wall street should send for circular containing fall detal f the new pian for 8; cates 50 fuuch favered on te German Bourees. As ittlo, as, $00 will be received. The plan is an assured succesa, our cor ete NSP, Me rk ay ue ee “Hibs se a um, ondence extending to nearly every State in the Talon, and the profits ou amount fnvested are one far very large. SHERWIN & C Bankers a and Brokers, 80 Broadway. B* KING HOUSE OF dane & HATCH, N ‘Stam jew Yous, July 21, 133, | We recommend to our friends and customers for in- vestment of surplus capital, of in exchange for Govern: tment Bonds The Cnesapeake @nd Ohio seven per cent Gold Bonds, principal and interest payable in gold coin in New York; interest payable January 1 and July 1; coupon or regis- tered. Price 0 and accrued interest. The Chesapeake and Ohio Bal Railroad isa groat Bast and West trunk line, 420 miles in length, extending from Atlantic tidewater at nga to Hantington, | the most favorable point on the railroad connection ‘with ‘the Obio River, and developing the richest iron, coal and timber Fogions in the United Statea, His Goaploted aud Joka aim Riana Promtablo and raphy increasing business. aga Tu freight trafic, passenger travel and earnings durin3 the current year will be much larger than hashero- tofore been anticipated, and they are developing witha rapidity which shows the Chesapeake, and Ohio to be one of the most valuable and successful raflrosds in the country. fitoey These facts, together with the substantial and enduring character of the road iteelf, its advantages for econom- eal and profitable operation, and the unquestionable security of the bonds of the company, enable us to ree- ommend them with the utmost confidence. Pamphiets, containing fall in jall_information concerning the road and the country it traverses, will be furnished upon application. Wo continue to deal in Government Securities, Central Paeific, Western Pacific and Chesapeake and Obiosix per cent Bonds, buy and sell stocks and bonds at the Stock Exchange on commisston, for cash, make collections, receive deposits, on which we we allow interest at the rate of 4 per cent and doa general B Banking business. FISK & HATCH. |APITALISTS AND INVESTORS OF TRUST FUND: Ge having money to loan on First Mort; Fe ee of improve ae roperty, will please address SOLIUITOR, ald Kamar & CO., BANKERS, 4 BROADWAY execute orders for Havana Lottery, Wholesale ‘and fe and Passage 1 jiaos, Fi Sir oe a OANS ON tein ge INSURANCE POLICIES AND other securit and small amounts, at 36 Liberty street, up crt ea ‘EW YORK CENTRAL Al =| N* ye eae Bonds ls] | ou pamedlgite ce 108 and DAVIS 4, FREEMAN, nge pI SAVINGS BANK, 275 WEST TWENTY- third sfveLe seven per cent dividends; co Tit secrete rake Seite | es eae hee a a kad ame spocial eNrS avo ace dostnery curt t a ae spr ih pana emg Yeyallding’ will” cout caesar = LOAN Ly eli S00 te BEACH, 8 Browdway, roster ae) _._ COPAATNERSHIPS. Oy ON OF | CO Begin te BRSHIP.—TO ALL Wi York andes fore eat euween Be I i, ‘an Ke, of rooklyn, and rir ae fall & agdigelred oh inn Gas OLY Al the cous Nome IS HEREBY GIVEN THAT THE COPART- ership heretofore cxistion peswocn. the under. under the firm name-of i. A. Topham & Co. as gale and retal H clothiers Sa Ga., was dis. bt ved by limitation 1th day consent ti" t om the arent ge Macomber, one of the Inte nae” ahs [ACOMB! bog ths COPARTNERSHIP HERETO! Haya’ is day | pounted f0 for thig Weel pe To TuE Eprros or tam HsnaLp:—~ A misapprehension which confounds the comps Ries in New Jersey with the New York and Oswege Midland Raliroad Company is calculated to de Great injury to the oMicers of the las¢ named com- pany and to impair its credit and the credit of the New Jersey Midland Railway. This leada me to make the following explanation of the relative po- sition of the three companies and the facts about the dimeuity. The New York and Oswego Midland Railroad Company is a corporation of the State of Now York; the New Jersey Midiand Railway Com- pany and the Montclair Railway Company are companies of the State of New Jersey. They were originally rival cerporations, Both of the last named railroads begin a6 Jorsey City and run to the New York State line by entirely separate routes. The New Jersey Midland strikes it at Unionville, in Orange county, and the Montclair at Greenwood Lake. Cont: made in 1860 by the New York and Oswego mdent Company with doth companies tor & per. pegual lease of the Now Jersey roads, ropoxed to lease the Mon: r} road because ita 0 cera be- eved it would form a part of a lino from Middie- town to New York — -four miles shorter than by the line projected by the New Jersey Midiqna Company, and it was believed eo aitor @ few a from its opening its locd business would The New Jersey Midland Railway was com. tracted for on the ground of esting, rid of a rival route, and because it was be! feved ft ft Would pay ite way at once—a supposition which has proved true from its first year's business. In the course of the construction of the Montclair Railway @ lack of means to complete its road was met by aid which was furnished by the New York and Oswego Mid poy Railroad Qompany, and it was thoreby enabled oon and put its road in order so as torun tra ins within about four miles of Greenwood Lake, and that portion was nearly finished. Tho New Y and Oswego Midian® Raiiroad Company furnished aid in the way of cash, bonds and endorsements, amounting inf the aggregate to about one million of dollars, and it also ggaranteed the principal and interest upon the bonds o1 the Montclair Com- any, to the extent of $3,600,000, as was provided for in the contract, In January, 1873, the Now York and Oswego Midland Bei any took posses- sion of the Montclair road, gan to run it ao cording’ to the terms "ot ne contract, and its officers began to take steps to perfect a form of lease and have it executed. It was ascertained during that time that ap unlooked-lor and fatal de- fect oxisted in the charter of the Montclair Co) why, no provision UIs dal put in it whereby it could lease its road and franchise, The oMcers: of the New York and Oswego Midiand Raliroad Company were tien advised by counsel that all contracts made in that behalf between these com- panies were void by operation of Inw, and that the oMmoers of the New York and Oswego ‘Midland Com- pany had no peony Ca pay any money untiithat power could be obtained, ‘The attachments of roiling stock in New Jersey were jor debts of tho Montclair Railway Vompany, The application beiore tho Chancellor ls to appoint receiver, not of cally Midland company, but of the Montclair sr ride Company. A receiver under the New Jersoy laws oan make @ lease of the property, or sell lt, subject to the ne bonds and other equitics. I have no doubt but that, on a re nization of the Montclair Company, every creditor will bo Bet OAne ete a dense Or rou or $e I property, oir claims will bs amply secured or vin fe CULVER, President of the Montclair Ratiway’ Company, and late Vico President of the New York and Oswego Midland Railroad Company. BEAL ESTATE MATTERS. nee A Distressingly Dull Market. Yesterday we had another of our proverbial “blue? Mondays, upon which not @ dollar's worth of transactions can bo noted, The Real Estate Ex- change looks much like ‘Tara's Hall,” from which the soul of (the auctioneer’s) music has fled. The various offices of our leading brokers are deserted, and the propriotors evidently enjoying themselves, fat the seaside or mountain retreats, while the clerks who guard the establishmenta may be noticed in elegant enso, feet up on desk, perusing newspapers or cheap novela, ana = yawningly whiting away the hours during which “shop”? must be kept open. The prevalling dulness is distressing, and becomes more soon account of the supineness of our financial magnate at the Court Bova, who ree fuses the payment of aWards on ptopor' ty take eR. for city improvemzats, and which is long ov due. Thousan whe or hougands of dotlara' of this bho bee eat paid, Poul find ready investment im eal narate, and if we could not report a brilliant aineen yet the market would, at least, be ap \d considerable transiery wigh As it is an easy money ee sh} oe Svan been suilicient inducement to investors to expend their Capital on city realty, and mortgages are readily bought up at Feasonnble discown Very few, if any, foreclosures have taken place of pre, in conséquence of whioh tne legal sales at the xchai nge have rece! rir (bee cat 0 few. This, how- ever, is only indicatlv pithy market, ant we can only join in with the oH pinion of the trade that the ensui eer Ny will witness a very he law again interferes, active and jnterestin; 1638. To-day, at noon, un! oss mop 0} perty known as the Knickerbocker Hotel, om Futh sven between Filty-eiguth and Fifty- rte Li ten lots and about one and a haif stories ui it Up, tort be offered for sale at the pour at b Harnett, under @ decree of the Court. At lame time and spot several minor sales will take place, presided ovor by other auctioneers, Only a few unimportant suburban sales are an The Governm Smuggled Watelise-Our American Manufactures Closely i-uitated. Colonel Frank E. Howe, Specia: Agent of the Treasury, was informed a few days ago *8at seve ral importers of watches in Maiuen lane ha On hand large lot of timepieces made in Europe, imitation of American made watches, upon which no duty had been paid. He at once proceeded to the places designated, and seized nearly one thousand of these spurious tickers, which are now under lock and key in the Custom House, The mMannfacturers of watches in this country have combined for the purpose of checking this frauda- lent trafic, ana even invoked tho ald of Con- gress in their belaif, but until now have been ua- able to achieve afiy practical results, The authority to seize the above named goods was Gertvod from bette General Williams, who is s Auaey, oa favor rotecting home trade and fabrics. of fsserved by the lea watch companies that there is scarcely a first class watch told in this market, either of foreign or American mand- pie hy that is not imitated and palmed of as ea Persons purchasing the same cannos i th, curenee eat fan ane ORargsS article ts le exception that the: name by which ne chy Watt te usually known ts purposely misspelt, otherwise the appearance corresponds exactly with the genuine, vy ferers b} ene, frauds P L pi inet ch are the American Wa! bompany, ; Hee amc TWatch Company, of Figin, 1iL, and Unived States Watch Company, of oe city. traMc has been carried on in New have dealt ‘iigel rin such watches, for ve a siderable rf mand, but when Ba eh party flaw on we ut ie ie immediataly gave up the Paper tases reof, The cheapness of labor and material in Switzerland condi material to Liga the manufacture of grade of watches, and at one time the market be- came falt utted dwith them, at about forty per cent less t! e home-made artic! ole could be pro- duced and they. were openly so sold by ever, Tee ‘The law of “trademarks,” however, now 6! sotnally interferes bh as Cs it ches cially has made @ practical test of its effic: ia reported that the owners of the seized wat titate proceedings in the courts for the covery of the goods taken from them. THE STRIKE OF THE WILLIAMSBURG COOPERS. A Meeting of the striking coopers of Williams- burg was held yesterday afternoon in Hanover Hail, Fourth street, under the auspices of Union No, 4. Mr. P. H. Sullivan, President of the Untoa, called the meeting to order, and introduced Thomas T. Sutlize, President of the Workingmen’s Union of New York, who was received with cheers, nae bg addressed the strikers priefty, rder and allow no Breach or tne. of the prepromis! i ing them moral material a it peacs ‘would 80 ja so conduct the are Mr, John Callagan, a prominent member of <n] 1 acts of violence. He sal toot ti in ae ag 3 of Hovemoyer & that ar, nd had pothing 0 théun, but he expressed OG tlief that by tion in taking @ large number of ap pprenti who could ever become skilled mechanics, were unco Ly seca adh you “ LON a me 4 which ray) are skilled, ot ae wil, no pa N vagrants thieves, coats iT tre now using, ‘them to lefeat 5 | fessupan thoe wy a - ne jneR the honest objects ‘ks by other members of the Assoct- Aiton remark pressed the belief that the bosses re Of their war, the