The New York Herald Newspaper, September 9, 1873, Page 11

FINANCIAL AND COMMERCIAL. ‘A Lively Day in Wall Street---Bulls and Bears Fairly at Work. DECLINE IN PRICES. Prospects of Active Business Dur- ing the Week. ‘THE GOLD MARKET ANIMATED. Yoney Strong and in Good Demand at 7 Per Cont, Currency and Gold. REPOR’ ED FAILURES. ‘Southern Securities and What They Are Worth. , RAILROAD BONDS AND EARNINGS. WALL STREET, Monpay, Sept. 8—6 P.M. ‘On 'Change'to-Cay wheat was less active. Prime ~eorn ruled firm, under a good demand. Oats were purchased freely for speculative purposes. Cotton on the spot advanced yc. ‘Futures’? sufered a slight decline. THE FOREIGN MARKET. According to iave London advices the foreign ‘market is unperturbed by any influences that can ‘be taken as a reflex of the transactions of this side. ‘The rate of discount, however, in open market, for three months’ bills, is 3% per cent, or { per cent Migher than the rate of the Bank of England, show- ing a hardening tendency in money, and indicat- ing, likewise, the probable action of the Governor vand Board of Direction at the meeting on Thursday next, The amount of bullion ‘withdrawn trom the Bank on balance to-day was £40,000, French rentes were weaker, the quota- ‘tion being 58f. isc. Consols and American securi- fties were firm at the close. ‘The following are the Matest prjces:—Consols for money, 923; a 924; con. sols for account, 923, @ 92%; five-twenty bonds of 1865, old, 9534; ive-twenty bonds of 1867, 9534; ten- dorty bonds, 90% a 90%; new fives, 913¢ a 9134; Erie Railway shares, 4744 a 47)¢} new French loan, 1% a 75. The fluctuations in Erie to-day were but ‘trifling. THE MONEY MARKET. Money continued to show its recent strength, and again loaned to-day on call at seven per cent, currency and gold, with exceptional transactions, ‘born of the excitement which grew out of reported failures, at 1-32 per diem. The close of the day, however, showed a decline to five and six per cent. Perhaps the wish is father to the thought, Dut an impression prevails that a much Jarger outflow of currency to the West wil; Not take place. Hence, that stringency will not come from that source. It is not to be forgotten, Dowever, that otter depleting influences will be at ‘work in course of time, which warrants extreme caution in making preparations for the winter. Foreign exchange was steady early in the day at 107 a 107% for prime 60-day bills and 108%, a 108 for sight. Later an advance took place to 1083, a 10834 for 60-day sterling and 109s for demand. Con- cessions were made from these rates. SEE. WNW. YORK \WAREBOUES: AND SECURITY COM- . Much comment was elicited in Wall street and ‘the vicinity to-day by the prevalent rumors with Teference to the financial diMculties that have been suddenly encountered by the above institu- tion. They were whispered as long ago as Friday, cwhen the late Wharles Lamonte—who met an un- timely end v# falling trom a window of his resi- dence on Friday night—informed some of his friends that he had “sold short’ of the market in anticipation of a serious announcement that ‘would involve the credit of both individuals anda company; but it was not until to-day that the fact ‘became pregnant with its ‘ull meaning, and the consummation (so frequently delayed until the last Moment) was made public, The circumstances are more fully detailed in another column; hence they eed be only briefly stated here, It appears that the company above named have loaned money and credit to various railroad enterprises in the South- ‘west, and that the debtors have been unable to re- spond according to contract, which, therefore, ren- ders the company unable to meet other engage- ments nearer home, The capital of the company “4s said to be $1,000,000, and its business was to lend its paper on securities. Tne President is ‘Mr. H. A. Johnson, the Secretary Mr. D. B. Bell. Two of the most influential members in its directory are Messrs. Francis Skiddy and Sheppard Gandy, oth of whose names were bandied about the street in connection with reports of failure and suspension, Such reports, however, may do injus- tice to both of these gentlemen, and until further proof of the same is adduced it will be only honor+ abie to withhold jadgment. Meanwhile a meeting ofthe creditors is appointed tor Thursday, when more light will doubtless be thrown upqp the mat- ‘ter. The effect of the announcement on the Stock Exchange was only temporary. It 1s understood ‘that the Warehouse and Security Company ask gor an extension of time, and believe they will yet ome out all right. GOVERNMENT BONDS. , The course of these securities was somewhat irregular, owing to the eccentric movements of exchange and the apparent cownward tendency of gold. We quote closing prices, offered and asked, 4s follows :—United States sixes, 1881, coupon, 118 @ 119; do. five-twenties, coupon, 1862, 1l4a 115; -do,, do., 1864, 114 a 115; do. sixes, five-twenties, coupon, 1868, 115 a 11644; do., ten-forties, coupon, ‘112 a 113; new fives, 112% a 113; Pacific sixes, 11334 a 113%; United Staves five-twenties, coupon, 1865, 11534 a 116; do., do., new, 114% @ 115; do., do., 1867, 116% at 117, SOUTHERN SECURITIES. Not much comment is to be added to the stereo- “typed condition of this market which has been re- ported from day today for weeks past. The only saies at the Board to-day were .of old. Tennessee sixes at Si}. A sharp effort has recentiy been made, and is being continued, to “bull? the mar- Ket on the strength of the decision of the Supreme Court of South Carolina ordering a-tax to be levied for the benefit of certain alleged fraudulent bonds, ‘to the end that certain holders of some of the new issues of South Carolina may escape from loss, A ‘vast number of people have been swindled in New York by these securities, not a few of ‘whom are persons who held funds in ‘trust for widows and orphans, to say nothing ol institutions which reposed faith in the ancient honor of the Palmetto State. Unfortunately, ‘however, this honoris now in the keeping of peo- ple who do not know the meaning of the word, or, knowing it, have played the rove of thieves, It is at last discovered that the sum total of public debt owned by the actual citizens of South Carolina does not exceed $250,000, and itis intimated that ‘the party in power are now anxious that an effort shall be made through an extra session of the Legislature to scale the debt and evade the collec: tion of the tax that has been judiclally imposed. The reason given 18 that these carpet-baggers and ‘would-be legislators have ascertained—and the fact 1s undoubtedly true—that the collection of such @ tax would prove fatal to the dominant po- litical party inSouth Carolina, inasmuch as it would bring home to the negro voters (many of whom ow possess lands) their interest in the economical and honest management of the State government. ‘The history o1 Southern finances has yet to be ‘written, and, when it appears, no State will show @ blacker record than South Carolina since the war, Bappily the tult does nut le at the door of her mMrelligent citizens. The following were tne quo- tations to-day :—Tennessee sixes, new, 893, ; Geor- gia gevens, new, 89; North Carvlina sixes, old, 2734: do. do, Funding act, 1866, 15; do, do., 1868, 15; do, special tax, 11; South Carolina sixes, 273; do., do., April and October, 23; Louisiana sixes, levee, 55; do., eights, do., 55; Alabama fives, 1883, pees stared pig sixes, Funding act, GOLD LOWER AND FLUCTUATING. The gold market to-day was the scene of mach animation, bulls and bears struggling with more than usual vehemence for the supremacy,. the latter, however, successful, inasmuch a8 they re- duced the price from 112% to 112, with a close at 112%. The transactions were very considerable and the clearings the largest made since the day preceding Biack Friday, when the aggregate was $325,000,000, The following were the fuctuations of the day:— 112% 12 12:06 P, M. 12:10 P, M. 12:14 P. M. 12:15 P. M. 12:16 P. M $3,230,984 844 3,88: Gross clearances. 212,726,000 THE UNITED STATES TREASURY, The balances in the United States Treasury at the close of business to-day were:. Currency ...... «$13,398,985 Special deposit of legal “tenders for the redemption of certificates of deposit... 33,025,000 GUN 2 cues) 88,793,347 Including in Goin certificates: 47,756,200 Outstanding legal tenders... ‘356,000,000 The receipts for internal revenue to-day were $623,333. The receipts from customs at this port amounted to $540,000. The Assistant Treasurer paid out $55,000 on account of interest and $200,000 in redemption of five-twenty bonds. RAILROAD BONDS, were noticeably firm and the sales indicative of activity. Itis a singular and yet not an unnatural Tact that, while prices of stocks fluctuate in the course of speculation, and even government bonds yield in sympathy to the changes in gold, railroad bonds generally hold their own, and testify by this exhibition of strength the confidence felt by the public in this class of securities. We quote to-day the following sales:—Lake Shore consols, coupen, 95; Central Pacific gold bonds, 100% a 100 a 100‘; Union Pacific Railroad first mortgage bonds, 80%; do. tens, income do., 5934; Western Pacific bonds, 9234; Hannibal ana St. Joseph eights, convertible bonds, 85; Quincy and Toledo tirst mortgage do., 9145; Morris and Essex second mortgage do., 99; Onto and Mississippi consolidated do., 91; Mil- waukee and St. Paul eights, first do., 10614; Co- lumbus, Cincinnati and Indianapolis Central, first mortgage do., 8934; do. do., second do. do., 69; Boston, Hartiord and Erie first mortgage do., 30%; Cedar Falls and Minnesota do, do., 77; Burlington, Cedar Rapids and Minnesota do. do., 86; Louisville and Nashville consolidated do., 98; Toledo and Wabash first mortgage St. Louis dividend, 897%. The tollowing wére the bids as amended at the cal ew York Con Us, Del, Lack & W 24 m....10 Del. Lace & W 7's, con. Jol & Wab letm ex.... Jol & Wab Ist m, St Jol & Wab 2d m. ‘To! & Wab equi Qt West !stm 05) fits, EUW @ Chie ddim. 94 aU CBP ce D YW Glew’ £ luis ons Hig Vy & Pitts idm chic & Aiton 1st Ohio @ slisscon Ohio & Bhss con. StLouis & 8 Me Shine? b: [10634 Shi Str ist La Cb sy Joliet & Chie Ist n ou Shite & tnd tat nt $0 Col, Chic & Ind © 24m. 69 Tol: Peoria & War, WD 87 Tol Fe War. ur’ Div. §5% Bost, 1H & Elst Codie Fa Minn tat R & Min Is RAILROAD EARNINGS. The condition of railroads at the end of each month is always an important subject of considera- tion to the many share and bond holders inter- ested. It may be a consoling fact to all such to know that the reports ior August are generally favorable. The grain movements have begn early and large, and other business indicates an im- provement at once profitable and promising. The following are the gross earnings for August:— 1872, 1878. Atlantic and Great Western... $472,110 $447,252 Atlantic and Pacitic + 107,790 126,435 Bur. Cedar eh ge al 93, 420 108,100 1,253,500 426,283 1,284,094 *1,772,989 Iihnots © 748,034 Ind., Bloom, and Western. 163,344 Kansas Pacific. . 310,386 Lake Shore and Mich South’n. 1,582,531 Milwaukee and St. Paul. oe 767,803 Michigan Central... *456,124 Marietta and Cincinnau 173,469 Missouri, Kansas and Texas’ 320,018 Ohio and Mississippl. s 301,998 tic Of Missouri... 825,093, St, Lows, Alton and T. *109,599 St. Lo., A. and T. H. brane! *50,01L St. Louis, Kansas City and Mo. 251,312 St. Louis and Iron Mountain. 206,190 Toleao, Wab. and Western.... 642,209 Tolede, Peoria and Warsaw.. = 127,! 1852 130,393 Total Increase.. *Fourth week estimated, The total gross earnings for the past eight monvhs on the above roads were $84,106,963, as ‘against $75,644,804 for the same period in 1872, showing a gain of $8,462,159. TRE STOCK MARKET was ong of the most animated of the season. From the beginning it was evident that a severe pounding of stocks had been determined upon, and the programme was followed until near the close of, the day, Then a reaction set in, and a general rally ensued. About 211,000 shares were sold, chief among which were Western Union, 74,100; Union Pacific, 10,900; Wabash, 6,100; Pacific Mail, 30,500; Ohio and Mississippi, 13,100; New York Central, 17,800; St. Paul, 6,200; Lake Shore, 23,90; Erie, 6,510; Northwest, 2,800; Rock Island, 9,600; C., C. and I, ©., 3,000, The decline in the early part of the day was from % to 2 per cent, the recovery in about the same proportion. The principal changes were as follows:—Western Union sold from 90% to 8844, rallying to 903%. and closing at 90:4; Pacifid Mail sold at 43 a 41% a 4234 a 40% a 4234 a 4254; Rock Island at 107 a 10544 a 107%; Cen- tral declined to 102%, advanced to 104% and closed at 10444; Lake Shore opened at 9144, went to 9014 and closed at 9134; Union Pacific went trom 26 to 247% and closed at 25%; Ohio and Mississippi was firm at 37% @ 37% & 3854 & 38% a 38% a 38% ; North- west common sold at 604 & 5934 a 61, do, preferred at 77% a 79, St. Paul at 46% a 464 a 48a 47%, C. C. and IC. at 2845 229, Erie at 5835 @ 58% a 58% a 685%; Wabash opened at 65%; sold down to 64% and improved to 65, The rest of the chan; were im- material. $41,172,771 $12,160,774 998,003 HIGHEST AND LOWEST, The following table shows the highest and lowest prices of the day :— Highest. Lowest. New York Central and amore River stock consolidates 104% 102% rie... 58% + 68% Lake Shore OLi¢ 0% Wabash. 0536 an Northwestern 61 59 Northwestern preferred. iT} 17 Rock Laps « 107% 105% Milwaukee and St. Pat » & 4034 Mil kee and St. Paul pref... 69 ry Ohio and Mississippi. « 38% 87K Union Pacific. o . 6 Uy » U, and I, C. . @ 2856 Western Union. 90% 88: Pacific Mail. “6 403 ‘The earnings of the Ohio: and Mississippi Railway Company for the month of August were— In er SL. SALES AT THE NEW YORK STOOK EXCHANGE. Monday, September &—10:15 A. M. MG Se TS Stake. ts: 53 $5000 US 6-20, c, "67 .... 116% 10 A. M.—Before Call. 1000 shs West Un T¢ do. 500 ‘sou ry mw 2 & 1600 by 1 90 2 Bs 00 100 rae 20 100 30 no 400 We 200 1033 500. ls 400 58} wo 5 40) 42% 300 4 100 4 lw 2 + wes exes ieee < F ScEECES ec 2 = ESVESESOEUUEEE cid a 7 Pia Be = os S85) ge. SS44SS558' Re See # pons 107: Hirst Bourd—10;30 A. M. Mor & iis2u iis 1000 Obio (3 Miss,con. 91 Salat Los Jistm.. S9%¢ abe 89 reg 89 80. $1000 US 6's, r, "81. 500 U Bo & BL. 1215 and 2115 P. Me pe 1s. Eg 1003 solg Secon! Board—t 10 do i at SP Pant Df We rg jis Oy sda Fac M88 Co..¢ ait 1) 1300 400 300 do. 2 ae Pac P. M.—Betore Coll. 100shs Pac M 88 Co. 200 do. 400 io do. 2) guy é at 20 shsN YC & Hf 70) ao. 0T,W ‘00 ec C5 % 69 | Rye was quiet. Barley’ and im wr | at about former prices; 1) was bil for No. 2 Ulvcazo refined petroleum, at &: | @gee5SS2e Bt Fal ii aul pigis.. Wabi ae - oO : COMMERCIAL REPORT. Firmer — Wheat Fairly Active—Oats in Speculative De- Flour Quiet —Corn mand—“Spot” Cotton tures” Lower—Coffee Firm=—Naval Stores Quict—Freignts Quiet. Monpay, Sept. 8—6 P. M. The weok opened with firm markets for almost all descriptions of merchandise and a good degree of activity prevailed, Dry goods were in good re- quest and the market was sustained. On 'Uhange flour was strong, Wheat was quiet, the decline in gold and the enhanced views o! holders precluding business to any extent, Corn was fairly active at unchanged figures, except for choice high mixed, which sold rather bet- ter. Oats were decidedly higher, under an active speculative inquiry, Whiskey was also held up under a better demand, The demand for ‘spot’? cotton Was good and prices improved, while “futures” declined a trifle, Groceries, naval stores and petroleum were in general features without decided change. Corton on the spot was fairly active at an advance of fully 3c. per Ib. for all grades, with but few sellers at the improvement. For tuture delivery the transactions were to a tair extent at an advance of 1-16e., which was sub- sequently lost, closing with more sellers than buyers, at a trifle under the rates current at the close ot Saturday's market, .We quote :— Uplands. dite, W. Orleans, Texas, Wigher—Fue Strong—Sugar and Petroleum Ordinary .. 19) Ibi Good oFdinury ie my 17 ies Strict good ori 18% Low. Huagiin wv Pi iy, PH 2 2 Good middting Ei ay —The «totations are based on cotton in store, running in quauity not more than half azrade above or below the grade quoted, The sales were :— To-day. Last Ho'g. To Export. 4u8 1,663 sort Consumption 883, Rt 1590 Speculation nz 13 2635 (B73 —Included in ‘the ‘above ‘are’ 640 ‘bales to arrive. “For tuture delivery (basis low middling) the sales were as evening, after one o'cl Coy WN LIB SlsS2e. 5 O Bie. ‘st g. bat is 20, R00 at Us 1400 WKe. io at 18 5166. 5 phe lag Tibe., 100 ac 8 18 5-82¢. ; Pebrunty, sie. 4, Mareh, 200 at 9 Grand total, 17,700 bales. The Sverages of Sarurday’s forward delve follows, viz, :—September, 13.97; October, 18.2 ber, 17.96; December, 17.01; January, 18.25 on 100 bales at 19 : Isic. December 10 attr iSite. torah, 11,00" bates. pis at ihe ports, as far as headed from. were :—Mobile, 270; Savannah, 426; Charleston, 491; Wilmington, folk, 484; New York, 471; Moston, 39. Total this day last week, 1,550; "this day’ “inst yea ‘801K. Corian Tie market tor all doscripuons “continued firm under light offerings and a fair demand. | We note sales of £56 bags Rio, per Spain; 1,346 bags do., per Frisia, and at Baltimore 3,60 latter a Be, PRL ; ae <i goes, Wie a a, Bdge. “i oo Sana be Ze. a 2c: prime cargoes, bey OM 36. t me range for lots, hc. a 2 old, per ‘ibs sixty, and ninety, days) “Gredit: Javea Geovertinient @ 25c,; do. SOL (grass muta), Ma Ke be: Fa sae old. at sixty to miuety di dt 2ic. & wo! rt ‘sixt oO ety d ays'c cre: ¥ Roce! 16,982 barrels; corn meal, r. ‘The flour Market was firmer under a continued good d mand tor shipping extras, and prices were in vote cases higher. ‘The sules were about L . ineluding 2.60) bbis. extra State, for last halt tember and all October delivery, at $725. Ive flour was steady. Corn meal was ce hh sles of 34) bbls. Western at $3 50, We auove:— 0. 2'State, 33 To a $5 30 575 w 625 7W a7) 775 a 635 575 a 62 70 a 750 7 « 90 700 a 125 72 a 800 Sty a 900 70 a 7) | 775 a 825 875 a 950 950 a 90 4 430 0 40 a 54) a THA 925 a Th med), Westertt. 31) 4 Corn meal, Jersey 335 a 3 Brandywine 30 8 4) t. wa 18 00 nominally an sal v 6 bushels at $1 {2 Hieagoy $1 68 for Milwaukee, BLT tor red winter and tor ainber, ail aber. Corn was in good re- The sales comprized about 1-0 “rail, mixed ; 8, afac. for warm white, in store. Oa 00K and prices were decidedly higner, prime mizdd. The sales roachea 155,000 tor mixed, in store ; 45c. a ise, tor mixed, . in_ store, and 48e. it for white attoat a light demand bi Sle. ts, The market for birth freights ruled quet to- partly owing to the decline in gold. Races wore firin jor grain, but more in shippers’ favor for provisi In the chartering line the Inquity continued good for 1s adapted to the grain and petroleum es at rather higher pecially toward the .' The engazements were :—To Liverpool, by S00 byshels grain avlzigd. w 13d, 3 1,00 boxes cl 7s. and 2,000 boxes do. at 55s, ; 600 boxes bacon at London, by steam, 1,000 bbls flour at 4s. 6d. 5 100 ind } tobacco at 62s, sail, 300 bbls. rosin at By Dy stain, 1600) busnels weAIn AL IS1-_ To ristot O boxes cheese at 70s, steam. | Tho charters comprise Norwegian barks to arrive, hence to Cork tor orders, | and Un ‘ith 3,500 qarters grain. cach ats also, to arrive With 3,00 qartors di bark (rechartered), with 2, SW (ud mship (ro we, at 10a, 3d a British st tired), with 7,00) quarteds do,, same voyage at I 6d. off if dir @ German bark, hence to Bris’ ‘ol, with 1.800 bbls. refed petroleum, at Ss. Sd. : an America e to Liverpool, with, bbis. refined do. a hk, on or Liverpoc Law bbls naphtha, both on private terms; a German | bark, hence to a didect port on Continent, with 2,500 bbls, ;an American bark, from Phila- iterranean, with 2,80 ‘bbls. refined delphia to the Medi ading Dutch. ‘po mtineut, rican bark o! P with 4,50) bbls. crude do., at ss. an Au tons regixtor, ‘rom Philadeipbia to the with general cargo, lump sam; « British bri ence to the windward and back, other, of 160 tons register, saie Voy ag in lots for’ iterranean on ly pod 5, at St a mixed, Isc. a . 03 niuscovado, retin ig 00. ie ; grocery, 3c. Porto Rico, sve. ne fda 350'a Ble; New Orleans, bea 88e.—ail new 1, Storzs.—Spirits turpentine Sppeare to be held but the: little disposition to oper- ‘8 or sellers, and the quota considered nominal in ap- 4 rosin is strong, but quiet, s Spot lots are held at $3 23 20 is bi of spot or to arrive. Sales 1,000 bbls. at and 40 bbis, $330. The fine grades are dull, but Tar inactive, though holders generally pretty Pitch selling ‘moderately im 4 Sobbing way at 4 a $3 50 tor prime, city delivered. ROLKOM.—The market for ail descriptions remained and $: $3 steady. fra, $ very quiet today » and 0%, Caen, changed. No September oi! offered October delivery held with erable fram eat 4 a 1640., but other deliver- ies ‘scarce on spot and hardly diuotable, DUE nominally: Me, for October. Naptha quiet and iirm, at 10}se. for city. Advices trom the producin, points were of generally duil and nom|nal markets, with Prices in buyers tavor when changed, Crude. in bulk Bicudy, but inactive, at about 6c. spot and future, and for bbls, At Philadelphia the market was quiet steady, 15%¢. for deliveries balance of the year. Later saieswerd Feported here of 800) bbls. Novempor a and December delive is i bile. pork, 130 packages cut . The pork marke. was quiet, In i, new were sold at $17 Wn BIT Hig; Beer was quivt and nominal’ 26 for obbing way 200 ao 190 bbls, old nt 316 w, te Ene a3 extent of 150 bbls. at $: Beet hams sold new Western an $4 5) tor old. Cur mes quiet, without aeeenitial change in prices, pickled hams at 12%c., 500 city pick Jc. om pickled sides at Lie. 5,00) ibs, be ‘, . t 934. : 7,000. 91s. ‘average, on private 10,000 Ibs. “average, at sales W neglected aikes per Ib. "was about the price for long clear on the spot; 250 boxes short clear sold for tuture delivery at Sc. Dressed hogs Ib. higher under a good inquiry, Lard was easier, with sales ot tierees at Sige. for October and Boge. tor December. But ter and cheese were in fair request, mainly for export, at former prices, —The inarket, aside from small transactions in Job parcels, was destitute of activity, but prices were well malntadned. “The sales comprised ‘about W tiercos Carolina at Sige. 8 9%42., 2H baxs Kungoon at ie. & O74c., and 7 bags Patna at 739 Srianiye dull and weak at Aigo. for prime {n tierces, Warne sold at a fraction under that price and 5) 1 Svaan.—the continued decline in gold rerved to check business In FAW. sugar, and) in co of trans actions the apper ware, “homiuak Refined cme at previous Was in iair re- quest. quote Cuba —Reining, inferior to com. yn Tie. ATs! fair to good ir. 8 ood rocery, fair toe ce Be Fime, “66: w Bige. c. pt ime to’ toehlen § vj contritugal, nhda. ‘and vores boxes, Te. 8 fens me: | Gold Bonds, secured by m , dio, dts Be ainaee yee Smee ip Ports seastwise, GOR. Hales, 0 Cotton quiet ana firm ; ntdditnges 1 7 ™ W7Me. ‘good ortinary, 184, N isthe Soy aifation fim and trvogntar: midis wie ot See inary, c. t recei| 3 so, a” Sale, 150." Stock? “2 des SAVANNAH, bales.’ Exports Coaatw les, 10, Stock, Sept, 8, 1473. Cotton active and firm; middlings, bese Wein receipts, 425 pales. Exports coastwise. ~ Sales, 159. Stock, 1,417. Cuanteston, Sent. & 1573. Cotton firm tor grades: middlings, BAe. 8 os Ret low middlings, 17: yi food ean 63 et a Bales” Sra coastwise, 7) alos, ‘Waeeawaron,N. C. Sept, & 1978. Spirits of turpentine eae t 390," pain mead it re a ; far aait and i 9 0 988 wn al ow pan Hat x8, Sept. 8, 1873. non 8, oa Oswnco, Sept. 8, 1873. demand and the markot sieady; sales No, Lspring, $8 78 for amber wi Wh dente i sales 1,000 pe t $ Corn tir wisiels at fe. ant two tar iomdaat dec, Con Flour is in 2,800 DbIs, at ri} 000 rn meal—$i 3 tor bolted, $1 26 for unbolted, per ewi,, Millteed wiend shorts, $17: shipsti ius, $195 maui n. Ganal treighis— Wheat, 7440. Tumber, $3 25 to ‘the Hudson: Rail road. tre +a: have advanced: flour Phitadelpliis and Boston, New Yo ibany, dze. Receipts— 35,400 tO ATi toot ol lumber: ra sa a M0) DIS Hour? 14300 bushels wheat, 2,250. teot of lumber. z UFFALO, Sept. 8, 1873. Take and rail imports for the last forty-eight hours— Flour, 10,09, bbis.; wheat, 457,41 bushels: do.: do, Canal shi ents—Whea Diiahelsy Gorn’ 20.178 dont Kail exports-Wheat, 38-400. b uh 80,112do. Canal treig’ c. Railroad tret and 1c, on its ady her for city ground ring iyoted Weston at $6 7; Dakers', $7 a $3; amber, $7 6) 48980; white, 80°35. Wireat ‘rin’ Sales small low No, Waukee spring at $1 5 spr t $1 40; Ne No. 2db., $1 ha $1 White’ Mighixen, “$11 on $ 10,000 bushels high inixed at Ode. ; 0,000 d fie, Oats scarce; held at Mo, ; sales ot blown at 42. Barley—No exhibited on Change to-day. ley malt steady. prime Canada, $130. Pri tt ‘of 25,000 Bar- Winter Western, $1 25; prime ‘ovisions unchanged, Ourcaco, Sept. 8, 1873. aigur—Domand light: holders firm; sales of extra spri Rye nomimal at S0ec. 5 0.4 $5 His. Wheat quiet and weak; sales of No. al ng at $1 20; No. 2 do, at $116 a 3h, 16 spot Sepremibers $1 12% October, “ Corn tn ‘tale He fhand and lower at digyo, atlage cash 0} iember tor No. J mixed? Wie, October: high mixed, #e.s raeetn rm at $0¥¢c. a 3040. Oats qule! and umeliansed at 23%. QWec. October; re) ie. Rye ou Ro, Steady ut Orage. tor N Barley trm-and in hand at $121 for No, 2 spring spots Be, ‘a Sic, 1or No. 30, Provisions quiet and unchanged, ales at $15.95 Beptamber Lurd stondy. ate to. cushy saten at Tice, Seer January. Bulk meats and bacon quict and tn: orn to Buifalo, Lic, ; to Kingston, grand, Freight 2le, at. R pon Ns “dour, 276,000 bushels corn, 54,000 do. oats, 11,000 do, rye, arley. Shipments—8,000 bbls. our, 449,000 20000 do. corn, 35,000 do. oats, 2,000 do. bushels wheat, rye, and 16,000 do. barley. EUROPEAN MARKETS. NDON, Sept. 8—12:30 P. for the acconnt, 92%y. —Erie Raltw Loxvon Monzy Manes M.—Consols tor mon a Erie Railway, hares A shares, 4734 PM. new fives, 5 ONDON, Sept. from Paris quote rentes nt ost. Ye. 4 Corton MaArker.—Liverroon, 85 Sept. —0f the saies to-day 10,00 bales were American of upiands, new crop shipments, on the basis of er iyentoor P.M. Sal fs ordinary, at 8%d.; do., new crop delivery, on the asis of low middiings, at 91. Sales of Cricans, ‘on the leliverable October end Novem- on Saiurday were 19,000 bales, after the regular closing of the market. The market ts buo; ant Miidiing ‘uplands Td; middling Orleans, 94 9) Sales 18,\ bales, including 3 tor port.’ Sales ot Uplands, on. the basi hinge, deliverable Septeinber, at 874d speciation aud of low mid. 10. on the basis of low middilugs, deliverable November, at 4. Sales of Orleans, . crop shipments, on the basis of good ordi- nary, at Livekroon Breanstores Manket.—Liverroor, Sept. P. M.—The mar&et tor breudstuils is steady, inyruroos, Provisions Mancer.—Lavehrooty Sept. 8 42. M.—Lard, Sie. 3. por owt, ‘onuck MaxkEr.—Lowpox, Sept, 8—Even- ing.—Linsced oil, £82 9s. per ton. Ke “Say COOKE. a co. 20 Wall strect, “Tey York. Exchange ‘on London, Paris, Berlin, Frankfort, Bremen, |, jenna. Cable Transfers, Circular Letters, Commercial Credits, JAY COOKE, MUGULLOCH & Co, 41 Lombard str Cable Transfers upon Vienna dire London. te MONEY ON LIFE AND les Morte ox and other I with best Broadway. A 00D _ BEC ACE _ON BROOK AA. Property oF $: price $49). Will cal parties addressing NEEDY, Herald offige. IF YOU WISH TO SELL OR Bi itor write. We deal only with pri UIVINGSYON & CO., 79 Cedar street. —MORTGAG Aa nortgase cipals. PLATIN( =—WE WILL SELL Ho Shares September I ast twelve o'clock at Exchange Salesroon, by tioacer, TUS & JORDAD N. Wwe neys lor owners. ¢ OF FISK & HATC Hy No. 6 Nassau Srrne nker, New Yorx, Sept. §, 1873. The Chesapeake and Ohio Railroad is now completed and in regular operation. To increase its equipment and perfect its terminal tacilities and deep-water connections ind to accommodate the with European steamship lii heavy coal and mineral trafilc, together with the grow: ing iron and miscellaneous local and through business ine, We are selling, on behalf of the company, @ limited amount of their seven per cent now pressing upon the liens on the whole tgage nd accrued interest; $1,000 | yable, principal and inter- valuable property, at 99 at each, coupon or registered, p Pi est, in gold coin, in New York ¢ fork oity ; interest January ana July. We also have a small amnonntof the old six per cent gold bonds of the Cheapeake and Ohio; price 83/4 and | accrued interest; denominations $100, $500 and $1,000, in- terest payable in New York city May and November. dy upwards of $38,000,000. ger sum and is constantly The property has cost It is worth to-day a much increasing in value, We can recommend both classes of bonds, which are selling rapidly, with great confhence. We also continue to deal in Goverhment and Central Pacific and Western Pacific Bonds, execute orders at the Stock Exchange for investment Stocks and Bonds, re- ceive Deposits, on which we allow interest at the rate of four per cent per annum, and conduct a general bank- FISK & HATCH, ing business. D GREAT WESTERN vali street, New York, cis hereby. giv bonds, due Oras E OF THE ATLANTIC Railway Company August 15, 1573—Nou of the second mortaa that the coupons tember 1 ne the office of the JAMES B, HODUSKIN, Treasurer, FUNDS FOR FIRST, SECOND AND hola Mortgages on City Property, vacant Hipals with papers, call on SAWARD ‘all street, willbe payable on and after that date, at company. ‘ WANTED—ON _UNIMPROVE! $2.000 cry our the ety of New York, $50; Hiveral bonus paid. Princip REAL ESTATE, Herald Uptown Branc Os TO LOAN ON BOND AND MORTGAGS $25.000 on elty F Property. (ARPE, 149 Broadway, EG —T0 LOAN ON NEW YORK PROPERTY, $52.00 in sums to suit, or would purchase frst 01 Call with iB paners, to avoid delay. ENCER ©. Attorney, 23 Union square. a —FOR BOND AND moe te AND Broosl yn; wens for ete Dd . BARTLES, 55 Wall street. worth 's only address office, COPARTN ERSHIPs, ISSOLUTION OF COPARTNERSHIP. of Brown Bros., in New York and P is this day dissolved by mutual consent. Jos Brown will continue the business In Paterson, S. 0 Manheim Brown will continue the poms SEP _ BRows. New Yous, Sept. 1, 1873. waNittrit BROWNS. HE FIRM oF PEIGNE & ZAC TART 18 HEREBY ved by mutual consent, Mr. Prigne to continue r Heese in his name, at the Qld pice, 24 Bast Fourth ae rinM tuclaasey Le standape. Nos. 3, te Oe Ge. avian sts en Dutet New Yous. Seot. 6 187% | bonds of f 1 FLUSRY IN WALL STREET. . 7 idan | yeiture’of the New York Warehouse anf? Security Company—Reported Suspension of Francis Skiddy and Sheppard Gandy— Interviews with the Interested Par- ties—Are Coming Events Cast- ing Their Shadows Before? “There was music in the air’ in the vicinity of Wall and Pine streets yesterday, and @ stae of feverish excitement existed for a longt time, @ report pervading the street that the New York Warehouse and Security Company nad sus- vended payment and asked for an extension; als@ that Francis Skiddy and Sheppara Gandy, two heavy sugar operators, were somewhat em- barrassed. The sudden reflux in the gold market for several days past has caused fears of an impending crash in many a@ stout heart, The “beginning of the end’? came yester- day, and althouga it mignt have been more exten- sive yet the dénouement is suMcient to indicate the great depression in Wall street affairs. As early as noon yesterday a report was current that the above firms had failed, and it was se stated on ‘Change. In order to ascertain the truth, and such Other particulars as might be of interest to the public, a MeRALD reporter was de- spatched to seck an interview with the parties mentioned in connection with the failures. The first place visited was THE NEW YORK WAREHOUSE AND SECURITY Com- PANY, at their oflice, No. 26 Pine street. Mr. H. A. Johuson, the President of the Company, is away and could. not be seen. From the Secretary, Mr. D. B. Bell, the following statement was obtaine ‘The New York Wararehouee and Security Company, 26 Pine street, which has a capital of $1,000,000 and a nomi nal surplus of $600,000, and a part of whose busi- ness it is to lend its paper on securities, bas beem compelled to ask for an extension. It came about in this way :—Several Western raliroad companies and construction companies building ratroads have borrowed the paper of the company and are unable to return the money obtained thereon in time tor the company to protect this paper. The paper sold by the company is in strong hands, and the exten- sion will, it is thought, be granted. Reroxtek—But the story on the street is that Francis Skiddy and Sheppard Gandy have also fatied, and their financial embarrassment is as- cribed to your institution, i! SECRETARY—Messrs. Skiddy and Gandy are both directors of this company and two of the most in- fuential men in our Board, If they have tailed their liabilities cannot affect us in any way. A meeting of our creditors has been called for next Thursday, when arrangements for resumption of business will be made at once. This company only asks for an extension, and, ifgranted, will be able to pay one hundred cents on the dollar, ReEPoRTER—11 it is not an impertinent question, will you allow me to ask you What was the cause of your suspension? SgorgTakyY—Lhis company has loaned money and its notes to railway and construction compa. nies and individual railroad builders In the South and Southwest, some of whom ure not able to re~ spond, For the money and paper loaned the com- pany has what its managers consider ample secur- ity,in the shape of collaterais and endorsements, RerorrkR—It is also stated that the Missouri, Kansas and Texas Railroad Company has become involved in your company’s fallure? SECRETARY—AS to that I cannot say. Ifyou will step over the way you can better ascertain. for yourself as to the truth or falsity ofthe rumor. Im such times as these rumors should not be relied on, espectally when affairs in the money and stock markets look 80 shaky. RerorteR—Well, sir, for that very reason I have calied to learn irom “headquarters” the exact state of affairs, and I thank you for your frank statement. And the interview ended. ‘The HeRaLp representative then called at the office of THE MISSOURI, KANSAS AND TEXAS RAILWAY COM- PANY, No, 7 Nassau street. It being after business hours the reporter was shown {Dto the office of the See retary, Who, in the absence of Judge Levi Parson, the rresident, answered in reply toa question as to the embarrassment of the company than ap; outstanding liabilisies, and which are matured, would readily ve paid on presentation, Their road was never in a more flourishing condition than as present. The Missouri, Kansas and Texas Ratk way does not owe one cent to the New York Ware- house and Security Company, None of the com- any’s paper las gone to protest, and the coupons have been regularly paid right along. RerorTeER—But it is stated that some of your directors have been borrowing money on the your road from this same Security Com- these directors are reported as having pany, au failes SEORETARY—The failure of any of our directors. cannotin any hee 4 involve this road, Our securl- ties are good, and if any of our time or demand obligations,iave been given out, ana, as reported, rovested, We are hot aware of it, None of these uave been presented here for payment and beem refused honoring. You may state through the HERALD that we are prepared to meet all cally made upon us promptly. ‘The reporter hereupon wended his way to the ofice of SHEPPARD GANDY, No, 60 Wall street. In the place of Mr. Gandy, however, only a boy was found, who said tuat Mr. Gandy had gone tor the day—whe: he did not know. Consequently no interview could be bad with this gentieman. The next objective point of operation of the HERALD scout was tie oilice ot FRANCIS SKIDDY, at No, 101 Wall street, whose reputed failure caused more wonderment on the street than that of the New York Warehouse and Security Com- any. The HERaLp representative found Mr. Skiddy sitting in his office, corner Wall and Water streets, deeply engaged iu earnest von- verse with a gentleman, cigar in mouth, look- ing ratuer nervous. Waiting for a favorable oppor- tunity, for a lull to occur in the conlab of Mr. skiddy, the reporter, forewarned of the etme | he might expect to re e, put on “his politest | air’ and rapidly ran over the teachings of Lord Chesterfield, 30 a3 not to offend this mighty man. Hat in hand, Mr. skiddy was accosted thus:— Eee Shia ate, ‘Skiddy '” zR—You will excuse me for interrupting | you. Tha nsent from the HERALD to ascer- tain from you some facts in connection with the rumors of jailures and suspensions on tne street, so as to give the publie the correct version. Mr. SKippY (neryously)—i have no statement whatever to make to the public or anybody cise. Finding that no iniormation could be extracted from Mr. Skiddy, the reporter lett him in what might be termed & depressed state, chewing the bitter cud of—a cigar, SUPPOSED CAUSES OF THE FAILURES. Two of our most prominent and high-toned bankers were visited yesterday by the reporter, vo learn the probable cause of the failures. Both gentlemen agreed that the fall ta gold had ail to do with them. Messrs. Skiddy & Gandy, according to rumors, were heavily engaged in speculations in sugar, of which there isan immense supply on the market. Four per cent in the decline of gold and @ heavy stock of this material to carry Was too much of a load, even fora millionnaire. One of the banking firms re- marked that several months ago he had watched the operations of the sugar dealers and advised his correspondents that he would accept no more dratts from the former. The above rumored failures seem to have little if any monetary effect either commercially or on the value of stocks, As failures 01 sugar operators have been looked forward to for the past eight months anda have only just occurred, {¢ may be aptly said that “it was sweetness long drawn out.’ HOW A NUISANCE MA’ MAY ‘BE DESTROYED. To THE Epiror oF THE ¢ HenaLp:— 1 do not claim to be a “philosopher able to invent @ plan” for the annihilation of the “croton bag.’ But I gladly give my own experience, having been one of the greatest suiferers there!rom, and “sug- gest that others go and do likewise.” Extreme cold, freezing weather will completely destroy the pest; extinguish fires, and remove everything that upon, and I in safely warrant a speedy munity.” Powders, liquids and aul compounds are simply ‘bugs’ of another kind, 1 will add that a ons of bugs Were ‘ound deat in one house on on ot the cold Ireezing nights of last December; not a oug seen stuce. Itis worth the triai of all house- keepers. STABBING AFFRAY. Joon Reilly, of Thirty-ninth street, near Eighth avenue, was stabved in the shoulder, yesterday afternoon, by Jonn Witter, of 335 Seventh avenues during an altercation in front of No. 335 Seventh avenue. Reilly was carried to his home ty some triends, and Witter was arrested by Capt, longh, of the Twenty-ninth precinct Doliges ee