The New York Herald Newspaper, September 20, 1873, Page 9

FINANCIAL AND COMMERCIAL, The Situation in Wall Street To-Day. A REVIEW OF FAOTS. What Is Required to Restore Confidence. MONEY A TYRANT. The Failure of Fisk & Elatch. BETTER TIMES AHEAD. Government Bonds Lower and Railroad Securities Inactive. Fupay, Beye eo} On 'Ohange to-day cotton was quiet and un- changed for spot, while futures were in moderate demand at a decline of 1c, a 3-160, Flour was dull and lower to sell. Wheat was decidedly lower, ‘and corn was quict and 1c. off. This has been, emphatically, a day of events. In “@ measure they were anticipated. Not even the Oldest hadttué of the street could have foreseen ‘such & series of catastrophes as have been marked. on the record, or could have guessed that such an. ‘array of honorable names would have appeared among the martyrs of the peculiar speculation that has dragged the best interests of the street in the dust. The day opened gloomily, for there were present all the superstitious premontitions of ‘another Black Friday. THE STOCK EXCHANGE ‘was thronged, and when, after the inttial hour, the wontending elements came together the crash of yesterday was nothing in comparison with that ‘Which took piace to-day. For the first half hour Prices were forced down recklessly. The rumors ‘that prevailed were calculated to disturb the best eguiated judgments, The character of the fluv- ‘uations may be had by reference to a few of THE LEADING STOCKS, Western Union, for instance, opened at 75, im- Mediately sold at 77, fell off to 7634, rallied and re- @eded, went to 69% a 70, touched 68%, jumped then to 7534 8 76, then fell off to 68 a 67, increasing toTla%8%a71a73, There are few periods in the ‘history of Western Union when its movements have been more erratic. Rock Island, a favorite stock, opened at 96, advanced to 97, and retired to 88 Erie commenced at 68%, sold up to 55, down to 62%, and closed at 68%. Union Pacifico sold at 20% a 21 @ 22 @ 22%, then suddenly fell to 18 a 17 a 16, closing, however, at 20%. The extremes of Pacific Mail were 82}¢ @ 87%, the close being at.3.. New York Central opened at 94 advanced to 96, touched the lowest point at 91 and closed at 92%. Lake Shore participated in the general weakness by going off irom 88% to 83, but rallied to 85 towards tho close. Northwestern common sold down to 40% from an opening of 43, Wabash opened at 45, touched its highest price at 46) and its lowest at 38, with a close at 43, Obio and Mississippi sold from 36% down to 26% a -80; Delaware, Lackawanna and Western, at 88a 89; ©. C. and I. ©, at 21% 919% a 209821; St. Paul, at 37 a 39 a 36 a 80; Harlem, which only a jew ays ago was 138, opened at 120 and sold down to 99. A fuller detail of prices will be found else- where. The above are quoted simply for the pur- spose of showing THB EXTRAORDINARY INFLUENCES that were at work upon the market. Panic reigned supreme. The best of men lost their heads and old absolute values—real dollars—at a loss that ‘will not be easily covered. Not for years has such @ feverish condition been equalled, and never bas | ps there existed such a purely incidental cause for a crash, True, some of the railroads in process of construction are weak; otners ore on the eve of completion and earning money; still others are declaring dividends ‘equal af not superior to those of guvernment bonds; yet everything that wears the name of a stock has been sucked into this financial maelstrom, irre- spective of use or worth, simply because of the de- fault of one or two growing instituuons, which may one day become the pride of the country, At &@ time like the present we preier to take THE BRIGHTER VIEW. It is not inconsistent to condemn speculation, “yet commend progress, though incipiently identi- flea with speculation ; bat it is one of the unhappy features of American political economy that its financial relations are 80 interwoven, so web-like iu their construction, that when one Obre is torn away the whole fabric must suffer and fail. It is from this cause that so many GOOD MOUSES thave recently gone down in a cloud. The intrinsic ‘weakness of a few has been the ruin of the multi- | tude. The outside world have looked on wonder- dangly. Those persons who possess money on de- posit have rushed to the banks to withdraw and make it secure. Those who hold money for specu- lation have taken advantage of the hour to claim one per cent or more for its use, Those who held Stocks for a rise have been panic-stricken ang sold Gt immense loss, though standing up to their | losses like men, while not a few, taking advantage | of the situation, and having sold short, are nat- vurally PRESSING THEIR ADVANTAGES, and commanding the immense profits that follow covering “shorts” at the present figures, itis a mice question whether the end of pending troubles has yet been reached. A financial fever that can poll down in two or three days twenty-five or thirty firms in our community is not easily stayed fa ita course. It has aradiativg influence that may penetrate to the outermost jimits of & OUR MONSTARY WORLD, and we fear that it will be many a day before con- aidence will be fully restored. The events of the j:our—the failures, the condition of the several firms involved, a description of the scenes on Wall and Broad streets and in the Stock and Gold Ex- changes—will be found portrayed elsewhere, It ts, therefore, unnecessary to recapitulate them here. It need only be added that the general impression 1s, that It the creditors of the various houses which have gone down are generous, nearly all of the jatter will resume thetr labors ‘WITHOUT MATERIAL 1088 of their fair fame. “In the case of Fisk & Hatch es- pecially, general sympathy 1s expressed, because It is known that they dre simply the vietims of a whirlwind which no power could withstand. They ‘were drawn upon froin California for a militon and half of doliars, They hold securities for more than twice the amount on which time and again loans have been effected ; but the securities were not such as frightened banks would receive in time of panto with money lending atl and ‘4 cent per dicm, The institutions represented by the firm are in @ sound and HEALTHY CONDITION, and there 1s really no good reason why the speedy recovery of the latter should not be the signal of 4 restoration of confidence ail arownd the circle. Several other firms are suitering from the same causes, and the same remarks will apply with equal force to them. What we want is a calm survey of the situation, less impulse and more pradence. MONBY ‘was very tnsottied, aud early in the day it was al- most impossible to borrow, in consequence of the prevailing excitement, Stocks were turned at a difference of 1 to 5 per cent, and the late dealings in money on the street were at1la lj per cont ge THE TOTAL IMPORTS of ary mgods for the week ending to-day were CUESEEEESEBEUS NEW YORK WERALD, SATURDAY, SEPTEMBER 20, 187%—TRIPLE SHEET, $2,845,146; the amount thrown on the market, $3,045,685, and the total entered for consumption, GoLp ranged from 113}¢ to 1114, opening at 112}, and closing at 111%. ‘The rates paid for carrying to-day were 1-32, 7, 6, 6, T per cent gold, and 4 per cent and fat for bor- rowing. ‘The operations of the Gold Exchange Bank to- day were as follows:— Gold balances aoee + $1,546,710 Currency balances. 1,856,717 Gross cloarances.. 122,794,000 The Assistant Treasurer to-day paid out $54,000 Dn account of interest, and $269,000 in redemption of flve-twenty bonds, The following were the balances at the Treasury at the close of business to-day :— sorraney: seeesenes see ns conde ess + $14,958,521 Special deposits of legal tenders for re- demption of certiticates of deposit... 83,695,000 84, 483, 107 *. 87,175,700 350,000,000 GOVERNMENT BONDS were lower, with little business, Tho following are the quotations :—United States sixes, 1881, coupon, 115% @ 11634; do. five-twenties, coupon, 1862, 111; do, do,, 1864, 111; do. do., 1865, 113; do. do., 1865, new, 113; do. do.. 1867, 11534 @ 116; do. sixes, 1863, 114%; do. tenforties, coupon, 110% @ 111; new fives, 110% @ 112; Pacific sixes, 111K a 112. SOUTHERN SECURITIES were im small request and the quotations were nominal. RAILROAD BONDS ocoupy the same. position last quoted, the interest being concentrated elsewhere, HIGHEST AND LOWEST. The following table shows the opening, highest and lowest prices of the poh _— New York Central ana Haden “ignest, Lowest son pater stock consoli- 98 - 5356 55 62% + 87 83% Wabash. +6 Aig BB Northweste: + 8 48% 4036 Northwestern prefer + 73 13 13 Rock Island... OTe 88 Milwaukee a 39 80. Milwaukee and St, Paul Pi 53 68 BI Obio and Mississippi. £4 2655 ieee Pacitio 16 . and 1. 0. 19% Western Union. 67 Pacific Mail. BRsg SALES AT THE NEW YORE STOOK EXCHANGE Friday, Sept. 19=10:15 A. M. 115000 T 8 6 ‘sant D " 4 ) Paes Le Hes $18000 UB 5-20, c, '67.... 11534 10 US 30 A. M.—Before Call. 400 Fs 300 20 ey En} 200 50 300 6 8:00 10 20) Erie &! 100 ‘300 300 500 200 500 100 10) 100 1 500 45 400 1000 800 “ Eri Tito FH 42) 500 s 10 a” bo 96” 200 rit “a 100 wi 3 $ 400 300 4436 lw 1000 4% 100 170) 445g 300 2100 45 100 700 46, 100 Un Pac Rl 400 4835 400 500 45% 1000 700 45 453 40 300 3 ou 700 “ i 100 23 900 800 O1 22 1000 Pi i) 3 2000 1100 31 Eye 1000 50) 4 2000 500 At 500 500 a Shige 400 00 4 Side 500 4090 Bz 4.0 0 64 £216 100 800 da 32% F: wo 23 300d 25 300 a Ne 4d s2ig 500 di 82 400 di 31% 300 ai its Bu de 82 a0 a Baty 200 do 3 Iw ao, 31% 200 do 82g 5) do 32 2 do. 31 2) do ; 20 do. 204 200M & St BB 500 pr 100. Buy 10:0 300 73% 100 3% 300 BBQ 500 39 600 334 100 37 100 8g 50 87 209 38 iS rs e & Fe w if 700, f B {i ib 600 200 ie w) 20 133g 500 ‘200 liz 8 a ie 30 600 i 400 6) 90 dou 200 w 4100 200 92 2 2000 5 ia 500 wo Ww 1200 965% 8 2 3 ue do. © 06 OB, H&K RRC 2 lou fa i ge : 50 874 ry e a ah 9) ec 85 1000 85 1200 ng 20 Ties a ihe @ 85 if oe Bs do, 83 1100 600 85 1000 Me wu Ww iy % 100 3 600 a“ 10) 33 100 3 200 ae 200 3 oe i 3° 100 he BK 9434 100 o# Oty 800 20 300 20% 9s) 100 . 2 wo ¥ ory B a Bs Hy ON) y 22:18 to 2115 P. Me $11000 U 8 5-20, 0, 5... 116 12130 P. M.—Before Call. 100 shs M & St F pf. 300 200 Un Pi 4 8 ry} 300 rt 136 1200 @ aw 1B” eww 69% 20) De 100 Ti+, 800. Bt) 300 Se 1300 7 1.00 100 16 1500 7h 600 v7 800 69 i600 18 400 oT 500 His 40) 7 30 if 200 1036 200 8 100 63" 2p 1 800 6334 100 1100 70 60 500 le 6iig 200 As 10) Th 8.0 1s 200 67° icuo 19 gu0 8754 200 Rock $8 10) tu" 100 210 7 s i @ Se 62 bey BSEESESESSESESESESESESEE do. Qo. c 8D 4 § 92; a I de ai os med ay Tt i a om BY 236 ne a 20 os KO a 2B g good B 35 i} ae 19% 38 de 0 5334 iw a 2b Second Soard—1 #2. MM. $10000 Un Pac Ist msur 753§ 10 ehsLS&MBRR.bec 85 2000 do... 76 «. 8S 19 wig al a” OL 9) 96 100 Juz 90: : ie Bo 89 Ey 3 1000 do. Wo, cet CRE e an 2:30 to 3 P. M, 200 shs LS £808 KR... 4100 do. 0 8 SEEEeEs! Se = gegEeeeeeeee EESESEEESEESESSESSESSES SESSESEsEEste SESEEEEE ss BABE SE: assess = SEES Seseses SESS! sEReeuegeees: SASrie A = COMMERCIAL REPORT. FSS Fa Cotton MOull—Flour Duall—Wheat and Corn Lower—Oats Steady—Provisions Dull and Generally Easicr—Groceries Quiet and Unchanged—Petroleum Nom- inal—Naval Stores Dull and Nominal— East Indian Goods Steady—Wool in Do. mand a: iteady—Whiskey Lower. Fray, Sept. 19—6 P. M. Commercial values were all more or less de- ranged and business in a great measure retarded by the unsettied state of affairs in financial circles, Ageneral feeling of distrust seems to nave per- meated the entire ramifications of commercial in- dustry, and more than usual caution is being exer- cised by merchants in their dealings, especially as many fear more serious developments. Very few new speculative ventures were made, the operations of to-day being matuly to meet the pressing exigencies of the moment. On’Change cotton for tuture delivery suffered a further deciine of 3c. a 3-160., although @ fair business was consummated at this reces- sion, At the Produce Exchange flour was dull and lower to sell. Wheat was in moderate re- quest at @ decline of from 2c. 9 3c. Corn was quiet ‘and fully 1c, lower. Oats remained steady. Pro- visions were generally quiet, with lard a shade easier and pork entirety nominal and lower to sell. Groceries were neglected, but prices remained steady. Petroleum and naval stores were neglected and nominal, Wool was in demand at steady prices Whiskey was decidediy lower. Asuxs.—In a jobbing way pots wore in fair demand and steady at $125. Poarls remained nominal. Burying Matertats.—Brick continued in fair demand, prices for which were not essentially changed trom those last quoted. Lime met with a modorately fair de- mand, and sales wore made at $110 for Rockland com- mon and $175 for do. lump. Cement was less bit: sf ate L735 5 Hota a ass aaah ea eth ence vet for A urn aujet and ace moderate. Jobbing bnsin po transactions of cqasequence ‘were repor' holes ab 820000 US 6's, cur.....+ 1K ie 0 BY a BY im ae aX re ests os Si agagmenyse Bn eG a.) ig 8 olay a BK a a 8a a 86% Ohio d Miss... wis 44 Oey wit, Harta. a 2 ® 3 a mi ihe a i Bim ® a 8D — a aw % 8 a 0 m8 2% Cia a 8 — a a ya a 0 a for adamantine; 29. a s Prong SP patent do., and Sle. 4 S20. for oe paral pare Gorros.—Busincss in cotton on t ho spot ws was unimpart |. ant, and,values were wholly nomin: fatfons ‘Appended are for new cro cotton. | Old cotton was bi Hy lower than yesterday's quotations, but the assortuzent is inuch impaired. some grades being on: Lirely out of stock, and we will hereafter quote new cot- he market'tor iuture deliveries was more act! the business bon further decline of §y° holders were nore col recovered. We quote Uzlinde, Alabama, N. Orlewna, Texas, yin the near by months, at & 16e. At the close, however, uit and the decline Was partially Ordinary. ; 15, 15) 19% jood ordinar; in ig 1g ead ondinti ordinary. 22 He ¥ 18 oay priaai Is: 19 1 137 1} 19% a 193 20! a) ~The quotations are based on cotton in store, running in quairiy "not more than halta grade above or below the grade quoted. The sales wer To-day, Laat Eo'g. setel, Consumption. 83 1,087 —For tuture jow middling) the sales have pecnes follows :—Last evening, after three o’clock.—Ocio- 8. ie day, nee, to three fy ptember, ° 400 30 Bors gW) at 7c. Local, °0) bile er SHO ACIS Lae, AUP a TRL S2en "a He. 100 at 1,800 at 18¢., 10) at 1731-320, au) at » 109 at 18e., 30 at 7 a at 17 SL N.. 10) at 180, 200 at 18't Tings GO) be07D.iGe,, GW ALI EERE 100 a 60. ah aly ays me 100 at 17 Bee else” 100 at, this ree Th Bee EA but remained firm for ail deren ptions. We heard of wate, ot a bags of a SX ship, ow private terms, quote Bio, ord sargoot’2ic. dice: tair cargoes, dt 2 Sige. rine cary ee) 2s o. +» Ruld, por b., a gorare ment sabre eae! . a d5ge.; Singapore, do., 220. & fia caeaibo: ries ta ah ult ua Ce it. Domi ng, I eae. puta he 0 26.; Mexican,’ Bice. Angostura, Ble. a 2c. 4 fevaniliae the. Big. a Bee., "Fold, at od to 9) days credit Fro ay —Heoalpts Flour, 17108 bbe, wheat 181,08 bashols ort, BARB do. t corn meal, eh oats, 25,125 bushels; Liv do, i barley, 00 io. jour tarket was dull, and in'order to realize. 0 8 xtent ooncessions of from lv. a 15c. per bbl. would have nD neces: aa? ) including all kinds, aggre- Bato about 5.000 bbls... generally at the | inide Prices of quotations annexed. Corn meal was. in Sales, 650 bb Tooderate demand and is With range of former pri State.. 0 $5 50 Bepectty Extra sia‘e Extra Minnesot Round hoop Ohio, ein hoop baw 9 trade brands, Ryo flour. fouthern, No, 2. Bouthern, supertin Bouthern, extra Southern, tami Gorn meat, Waste porn meal, Jarsey Corn meal, Brandywine Baltimore Roam ooSecseacyouaess < F&F SESS STESASESESKSSUESE:! RP ne PBSPSSEEEDEEREEDEEPZe 29 mecca = pera 1 Duslieis, Homan ¥p' fi SLoarly, for Northwest; $1 46! for No. § spring. "Intinged tn U6 salen are 9000 busi Of No. 2 Milwaukeo, forall October, at $l Wa $I 61, Winter wheat was entirely neglected, ue market closed un- poitiod, with 4 condinucd Gowaward tendency. Cori. was quiet and about Ic. lower. ‘The sales were 67,000 bushels, at S3e, a 600. for kiln dried, in store; 6/0. a 680, for soil mixed ; Ue, # Ode, for yellow ; 67c, w Tuc. tor white, closing dull aud weak. Oats were duiet and unchanged. Sales 10,0) bushels, at Sic. a Sie, for mixed and Bsc. Sogo, for white, "Barley remained. duil aud nominal Rye was qaiet, ‘two cars loads ot Western, mixed wiih Corn, soldat Sie, New hold at 96. Fxhicuts,—There was a fair demand for grain accom- modatlon by vesseis on the borth, with rates ruling firm, Otherwise the market way quiet, Very litte was cu summated in the chartering lino, but rates showed material change, The enyagemonts were :—To Liv Pool, by steain, 120,00) bushels of grain at 1d, for corn ald. ior wheat; £0) boxes cheese ut 65s, To London, by sail, 150 his’ of tobacco at 47. Gd, To Glasgow, by steam’ 16,009 bustrels grain, at Id. a 1is<d. Low boxos cheese at 70a. To Gibraitar, Dy anil, 40) caves Ot tobacco at2lc, per cubic toot. The'only charters we Reard vor “were?oan ainerican. sip, to urrivey, 608 tons hence to Antwerp, with general cargo, urrent rates; an Ainerican schooner, from Fhuadeipnia to Matveilter, 80 bile af reineg pettolenin oui private terms; a Norwegian bark, trom do. to a Cou: finental port, 8,000 bia. of refined do. at ds. 3d. Halan brig, Henge to Constantinople dircct, 4.0 eases of Feline do, “at ots; w ritinle burk, to, arrive wrelet), houce to Havre of Antwerp, 600 buls. of peiruicum at 7s, Md. if retined and 8. 3d, ii'crude, ‘GuNsins.—Domestie eloth has beon in fair Gemand and rm, Sales since our last 400 rolls of aN Aa 0 at Lic, ; 60) rolig of do. at 14¢,, 60 days tim ued; 150 balos of Borneo and Gouripore el: average domestic cloth quoted ut 1340; ‘Doge at Lagos al Hear xp Jurg—For homp the market remained quiet and prices about the samo. since our lust 10) eed at8Xe.. gold; Mantin quoted at Jule was ‘neglected, Lay quoted stead i440. Bold. Jute butts were In tair de- mand and steady. Sales during the last three day» 1,000 bales at 1 10-16c., currency, cash, and 2,300 bulus at 20., currency. Llurs.—the market remained quiet, with transactions confined tosmall tots, We quote:—state, crop 1673, do, 8 Oc. ; Bastern, do., 400, {yearlings crop 1872 3c. Caitioria, crop "513, ones} Bavarian and a © receipts have been liberal since our last, and the demand light. Prices consoqu Wrouk and tend downwards, | We quota :—Hrine hay }; Rood do.. $24 # $27; good shipping, $15 & $20; coin- ha do, $10.0 15; long rye straw, $10.8 $18; short do., a Morasses.—Nothing doing, and prices quoted nominally as bofore, Navat Stores,—The market for tis of turpentine was dnil and entirely sete Je or nothing was offering, and the bid while hoid- ers were asking 42c, aud weak, Strained in aes at $5a $3 U5. We lave only to report Sales of 200 it it $3 05. Tur aud pitch were neglect and nominal dncbanged in prices, Ons. —T ih demand rid linseed has Ae te fair ma job- rade sperm and Urude cot ir sold moder- t previous Ayurce We quote : liweed. Jobning lois, 970.; sperin, $1 5) 2 $158 for rade, 170 for natural winter and cane a $175 for Dledchedt ihe SA d oul, Toe. Tor feo made, Tec. a Tc. for chulce winter; mem 45c.; crlide cottunseed, =Tho market for refined continued dull and entirely nominal, - Quoted at 18e. Lor first hait of Oc- tober, I7}g¢. for the last half ol do., and 16 Somber dnd December. Grude ii Dutic Ww easier, but imactive and nominal Quo.ed at or iuture, Cases actly Weld at Bide. a fniladelphia market was ‘Quoted at Lie. for thiv month Gnd iotge, a 16e. for balance of your, At the oll pro: ducing points ie saerereseeemace rg culnrane Wank Is0ns. —Rec ae ty ry ard, 366 bole aud: teresa the: indy aoe Pd aan aon y extent lower to ad 5 ted at i7°%3 cash or bainnge of Wohths 9) void ét Mh bi: 0%, were sold at $19. Bacoii Gontinded dull A tty Doxes of long clea: was reported at Yo. Dressed h owing to I arrivals, were firmer; quoted at 630. a Tigo. 10K ihe rane, of city. Beet was dull, but prices were nom! the seine. We quote Plain mess $12. Bb o, Hetcens $17 araay and fodia dat i , | forced, Bou nS!” Beer hams. werevalko neglected and 8 enurely nominal bet abous Sit 6 Ron or the range of com- Hon Southern to choice Western, | Cut meats were Guict,, with tendency, in buyer's favor. We have Muy "to" note sales of 60" clus “plekied. shoulders, at .. and 6,00) Ibs. of loose bellies, medium aye- te terms. Lard—For Western the and the demand only mederate. Sales 1,000 tierces ior S.ptember at S%c., 790 tlerces for October ar B240., WY Lerces tor do. a1 §1s'16c., and cloning with sales ot 0) tierces for do. at 8 Li-ide. ; 50 iercws of Tew sold early at se. Butter and cheose ‘were firmer and in moder alely fair demand. Rice.— Ret was quiet and steady, Ine Jobbing way 10 tierces of Carolina Were Placed. at Be. & snail low.ot Haina at 7790. a 774 aud 178 bays of “aa! oon ay SSruanen contiiied quiet. Sales ot 47 tierces on the dye, ott in grade, orted at Shyc. Seens.—The de dassed has boas fats since oes Yast with sales reporied of 400 tive, per Brit- Wntsieieumans St90 iB golds slaty’ days, 130° bay is t0 arrive trathnairn, 1b $2 B95 gold) sixty and 9,90) baga, 6x Phiiosyphe) old, sixty days: Clover was quiet but frin at 94 Sue a Bmgitiy quoted At $5 25 a §3 40, and rough fax at $2 25a $2 30, "\oar.—the murker or taw pugar was Gull, and in the absence of reported transactions pricss were quoted Tominally as vetore. Ketlned was quict and wituout essential change in value. We append our former quota- follows :—-Ouba—Refning, ae to common. et sas tie; centriiugal, hide ay i ingiasees ytihds. nad ‘poker Wye. Havana—Boxes, Dutch saand Nok th to goto W to 1a 8: 3 to L: ndurd, Rea 8 to iy To, 88: standard, Nos 10 to 1, bige. 8 Bes itoniia Su. Darioe and extra superior, 734c. TaLuow was steady aud in moderately fair demand Bales 200,000 Ibe. of prime at die. end 14 bhds of ordi- at de, etvosacco. Safes ta demand was only moderate but prices rere about steady. the sales were as lollows:—5y cases ES crO) op "1H roodlent, at 7c. a 7%c.; 100 cases, do., we ii be, ; luv ot aren Oto. crop ‘72 on tap ferihos 100 cance Conn Connecticut and Massachusetts, on previous terms; l0vcases Pennsy’ ert Se cop on Beivate worms: 36 300 cases Wisconsin, vans, 6c. a We., and ot Keuweky: Bt Zo. a Ie. Wisnary.—Recotpts 1.778 bble, The market war mod. grately. active Ct sik ele lower, He ‘0. rene ati at $60. 8 97C., bare and See transect Peoeerelereas | e4 nasactl as aren was litte of nothing doing, nose disposition being ¢vi combings ry Ae. 5 Stn Toe, of scoured Ualvorotn a at Ou. ; Calticrtia, at dio. ZAM) of scoured dog tia dos at 260. @ S53se.t 4d Ibe oh bury ees de ‘One: rt ipa of taGevtginy 0, $ ae Tries of Hand 2 a 100 es bale: 3, 3,000 Ibs. of eavaalied fleece, a ely ur Hi “So iba, of unmerchantable fiee Fr lightly bu ‘Th be bh Mar ntevideo, ‘S00 bs. Of Jo. slightly Durty 5 of Montovideo, Oregon, 105 bales of do, 78 bags of super’ pulled, 9) barror tio and ext scoured domestic, 50 Balos or Austraiven, 2 bales of Cape aud ¥ bags of X Leece, all on private terms DOMESTIO MARKETS, Gaxrestox, Sept. 19, 1873. Cotton firm; good ordinary, 16}e. + Texas ordiuar: MWe. Net ceceipis, 180 pales, ‘alos, Stock. 5, by es fecetvis pa B ales. kixports cunstwise, Onteans, Sept. 19, 1373, Potton « Net and firm. mit Ie. ; low mi ity ke. jot ear. ged eee Net 66h Webu New les, 1 Reais fe 8; Pw 13. "waporte coast) _ Cotton quiet; middlings, 189. a sone eh auitdidas, 170. es G04, ordinary, 16x40, pale! ranet fooclpas Tae ned coastwise, Set ia Ke. ‘Exports soaerwine, 4Ala, Say. Net res ith fiat bales. coipen 7,827 bales, Cotton easter; middli strict aor ovat miedqiegs, RM tie! vo Bi oe has 8, 5,195; ARLI une +3 low middling Bayar const- 6, spite of turpentine aula ana age Bd ior yolibw: ship and virgin Flour steady and une Ora, FP Bt, 1p tare. Fr anbor winter $9 75, fer f ‘Gorn q Inowigt B0 for bolted. $1 ire reucialecs feed unchanged; shorts, t} il per ton. Catal irelghis—W ow York; lumber, $3.20 York, Railron Boston, Oo, freights—Fiour, to. Phil ‘ork, B00. ; 10 Albany, 42. 23700" Wo. corn, 489,00. bbls, flour, aid 1.85.40 loot of Burrato, N. ¥., Sept. 19, 1 ae and yell imports for the last twenty. Tour bee 23,402, ior ehipmenis~L,70d Bios reat 33,200 bushels orn, re) do. hts—Whéat, L3e. ; Flour quot, westora Sprin ite, 8.999) P87 0 onts # 3 a Ep ‘vakety Cn) a cpt nominal } Ro one a& $175: no prise No. d'at thors sales of small lots at 450. i prime winter Western, $1 25; prime $1. Olber articles be = eg il }OLELO, vias dull nd unchanged. Wieat dy lower ar 31 tO}e ior No: white W. go. to. Michigan; $1 99 for pot, September and ecemmber; $i 60 fo. $106; white roported. ty ora-Nowing ds high mixed, 0. Onte quiet; 1 6 ior extra wi suber pLouleat, November: $1 00, 5 i "ior No'd rea or Uinois; $1 BicNo dambe orn quit and dnehanred at 5 34 880. fof Michigan, mixed! ‘september ; Bic. duit and une hanger ir No. Be. rected. | Fre! hts frm Bigc. ; to Oswego, Ile. a 110. us i," 83,000 do, corn nnd.,000 do. conte Slipments—2,0)) bbls. four, 45,000. bushels wheat, 57,000 do. corn and 15,000 do, on Flour du!l and Grooping; unsetiled and lower. H eePig i Wie. cash or Seplembor. Onrcaao, Sept. 19, int Sales of No, I's » Uctober; No. 3 wis Gorn dul an’ Saes of No. 9 inixed at 0340.5 j,daiie. a 42'¢0., Oetoner; 44c. aut and ‘weal “, sae a at unite $1 3), a 1 12. Provistons quot ‘an 16, cash and, Soptember: eld firm at Bo, cash. Hulk meats quictand weak saa Fe at Tic. loore. Bacon quiet and dnchiings _ Freigite—Corg to Bur ecetpts-s0 Dbie Hou FH 63,000 Lo, oatts, 9,0 8,0. ore ou arrival. 9 and 0.0 do, barle aie wheat, 92,0. omni einer The following shows the total net receipts of cotton since September 1, 1373: SOUTH AMERIOAN MARKETS, Prnvampuco, Aug. $.—Crackers, 51000 a 5{500, nominal, Korosene, 51700 2 5;¢0 per ton. Froights—No sugar whnteyer oi nent and very little cotton; last rates Dai ve pe faraiba, 3d. foro, Py ‘and 2 per cent per ‘anced, quotations to-day bei for Dunk bills and 2034 a 20% for private paper. EUROPEAN AN MARKETS, Loxpox Money Manzir —Loxnon, Sept. 19—12:39 P. M.—Consols for money, 3 Kiverican securittess-the causes excitement in the marker. hess doing with wide fluctuations ause a depression. a Ba tutes tive Betas bonds, 3 wv 5 par cout from Wos- y ane has further uncial news trot New York There 13a lurge bust Rumors of hace He ai ‘1367's, 9556 Raliway stares ie" mh excitement in ey penal tess which are now rie Railway aaron ius oF r bonds, 1865's, old, 2 ‘ten M.—Erie ically new ‘fives, 9134. M.—brie Railway shares, 433. rols, ta a baie tor bot money and the Moount, Brio enol States five-twenty ponds, jew fives, 91. 4:50 P. he it Bounse.—FRakront, tes fve-twenty bonds, 91 for the Issue of 1962 Pants Bounse.—Loxon, Eept. 12230 P.M. patches quote rentes at 57f. 28. Lyrmarogt Corzox Manrt.—Lavsuroot. Sept, 194.3) ; 00) bales were Ameri \s of low middlings, de- tly are ‘M.—Of the cotton sales to 25 | can. Sales of uplands, on the bas lverable September, at 8 basis of low mutddiings, Gollverable Ootober: aad Novemse Sales of uplands on the or aeliverat Septe! Sales of uplands, On the bacis of low middlings, deliver. Sales of Orleans, on the’ bi , deliverable September, been, 54,00) bales able November, at f which L100) ware ation. ‘The’ so re- noluding 10,000 he stock atsea taken for export a1 01 port ts 17,00 pales, including. 2 ceipts of the week Have been 50,0 Actual export 7,000 bi bound to this port is 267,000 bales, ficluaing 31,000 Amer- ‘Tape at MaxcresreR.—Livenroor, Sept. 19—5 P. M.— The market for yarns and fabrics at Manchester Is quict and unchanged. BRRADStTURS MARKET.—LavERrooL, Se 19--Kvening.—The receipts of wheat for the days have been 13,00 Ares including The receipts of corn isms juarters, my Lun ic daya have beer ate ati per cental Led: ave rage 133, da 13s. 4d. ior club do. ; ds. 1d. fOr red Tage, spring, and 12s. 6d, ‘n. 338. per quarter, {Anker.—Livenroon Bept, 19— ererarrane Provvce taker —Lavaaroot, Sept 19—P. Loxvox bropuck Manxer.—Lompon, Sept, 19— tng.--Sverm oll, $22 9, £4 per ton} r ton; whale "oll, S34 I ar Ot, ius ipoeeal fet 19-Bvening.— Pe roleus, 41. tor fine pale Americ: peistraae: iecapesierd FINANCIAL, “{ 1 REASONABLE RATES—MONEY ON Endowment Insurance Policie cinta" and bo lnséed cakes, £10 153. ny ine turpentine, +MONBY TO LOAN ON BOND iD anes for a term of years, in sums from $5,000 to $30.02, gar New Zork improved Property; private welling me side i ORTLENDER & LAURENCE, 90 Pino strect. SPEAKING ENGLISH, GBR- French, socustoined to offien and agement here inexceptionable. Address 7. YOUNG MAN (%) man, Spanish and counter, Wishes an en; SIT TO-DAY. re! FREEDMAN'S phayoros AND TROST one United States. Bo. 119 Bleecker reek, New York. . W. ar ry seis General apie Send for. Cireular. SOLN J, XECUTOR FUNDS TO LOAN ON 1 NEW YORK CITY first fie wave’ aaa uit, forfive years. PF ae tox ce New 3 and Store Pro; ah only address EX- OLD sequent BAD TVILEG, BPE. NEY ion — spe ON GOOD Mitky Mfg? 431 eat mad OTIOR. THE COUPONS OF TRE FOURTH MORT- © Bonds of the Ne: 3 Rall alin de October 1 2 pext, will be paid on, and after th ra. Duncan, ese ea NOW A EARMAN, Treasurers” STATE GOLD gap DUE 1887; NN a DAS, to Wall strect New York City Revere UTS AND CALLS, Secure privileges on Stocks and Gold, costii p ben Dat Sen oe it of $100 oe fn & month. Wal ated HUBBELL rx So 9 it. ee ESTATE Money e posits with this comps wn a a cane eee ne 2 Series approved by rite Bard B ave ‘always been tren never been used in ry rca. | first rae 33. oment, ne tlme notice t tors bofore they can obtain ir Toney, as the com! any are always propared to pay a daily balances at the rate of four per nt I me saeplas of the company are invested ork ly, is -_ mortgages on real estate in aud near .No. 317 Broadway 0. GL) Fifth avenue 9 2h ast icke, of ray of 5, w wee ammeson, Smith & orth wiNy Ere in i ato 1 Ma Abauin, of A. 8. Rosenbau oe A tin mt oe ©. Baldwin, of Woodwa: a ey a “is Worth street Do. 0, 1) Baave! FINANCTA&s ‘ ED ITALIAN VIOLIN—ONE OP THE PINEST AND best pas tome lp the ¢ the country, now for sale at MILLE I'S FRRIDENRICH & 00.. 005 AND gos THIRD AV- . enue, WAKE good Applications ior Mortyages; first Bnd second’ morigages Caslied ; will uiso self tot: with liberal loans, We ARS INSTRUCTED BY THE FIRST NATIONAL ivaratt fen jank of San Francisco to hover and pay all its drawn on Jay Cooke & BUGE. GENB KELLY 6 CO. 45 Exchango place. 6.000 WANTED {FOR THREE YEARS; | SE oured by first mortgage on an unencu bered ed Farm on the city line of hlizabeth, N. J, wo oF Will sell a First Mortgage of $3,900 on Property Rear Fetianberte worth $35.00K Sith. & irs! class New Xork city bondsman, Address F. W., box 195 Herald ry 42. 00 WANTED—ON BOND AND MO. guge on first cl hicago suburbs te Worth over three times the amount, from 3 to 1) 10 per cent, Panis éomi-annu- secured by bund of one of the Most prominent aid woalthy huskzess men, ot Cigngas title pertect, and abstract can be seon at office LON & SLOAN, 31 East Seventeenth street. $2 250 QO buy totaages; omee hours fom ik “ WiLbTAM dittataRD, 39 Naweu street, room 6, Ll ¥. pal Hi FT OF | SENIOR en BENEDICT HAS this day dissolved by mutual e t. Either part Ner is empowered to settle the biainege Of the late frm New Yona, Sept. 15, 1873, A. E BENEDICT ——_++___ THE QUESTION OF EDUCATION IN INDIAe —-—__ Can Religious Instruction Be Excluded from the Schools and the Community Bo Safet [From the Calcutta Englishman.) Itis@ remarkable fact that the war cry of the Roman Catholio hierarchy against the Irish educa- tional system should have found an cchoin the organ of a body at the opposite end of tne theolo- gical gamut, In the one case the infallible Church puts forward ita claims to influence the minda of the young, and denounces every scheme into which that influence does not enter as “godless cduca- tion; in the other the same cry ts raised in the name of a Church which is virtually subversive of all creeds. The Indian Mirror of the %@ of July denounces the present system of teaching in goverument schools as ‘‘godless,’’ and demands that it shell be changed for one teaching ethics without réligion. The writer waxes elo- quent on the evils that will result to the State if “that godless and secular education which over- turus the very foundation of morality be persisted in” *** “It our educationists,” he says, “neg- lect our conscience, teach us to ignore the moral law and man’s accountability, and bring up the next generation under an infidel system, that in avoid~ ing religion deaies morality, we can easily predict the political and secial dangers that are sure to follow.” This is strong language, but is it intelligt ble? Does the writer know what he means or what ho wants? Will he tell us how, under existing circumstances, morality is to be tauzht without religion? Will he say where the text books, where the teachers are to be found capable of imparting a system of ethica free from sectarian bias? Yet he still holds the government bound te “stand aloof with strict iwpartiality from Christians, Hindoos, Mohamme- dans and Brahmins,” “The cultivation,” he says, “of a sense of moral roapantgtey to a bes | Creator would, in our opinion, prevent ail political complications and dangers, and make all sects and Classes stand by government as @ moral and tri loyal nation.” "We fear it has never done 80 ie even withthe poweriul adjunct of direct religious teaching. ‘Leave everybody,” says the Mirror, “to decide what religion he shall follow)’ bu since each creed has its own code of morals, is not that practical, A apr Sag hr to decide that point alsor found ossible to instil a system of morais absolutely ie ree irom religious bias, would not the pupil stop short at the morals and omit religion altogether? ‘This might not be an objectionable result in some men’s opinion, but in the minds of the majority it would be an evil far worse than the adoption of any creed, however remote frem their own. To us, however, it appears that the Mirror demands an impossibility. Do what you will, the Christian teacher will teach Christian ethics ; the Mussulman, ethics according to Mohammed. In the prea- ent condition of human proj wa ™ Raji and religion cannot be divide here and one there, of somewhat cold oeeaniene tion and philosophic turn, may succeed in forming for himseif and imparting to ethers a code of morals from which all theological infu- ence has been eliminated, each rule caretully traced back to its source in the consciousness of mankin4, or forward to its criterion im their com- mon good, But who are the moralists of the world ? Are they practical men, busied in the affairs of life, deadened by the routine of teaching, worn and ha- rassed by its labors, or exceptional beings, devoted te meditation and introspection in the retirement of the closet ? For all others morality and religion are indivisible—the one based upon and perme- ated by the other; and if it is so with the teachera not less so 18 it with the taught. ‘The history of the world in all times has siown that what our contemporary demands, so far irom being sulted to the warm and ductile mind of youth, is the outcome of am advanced stage of Civilization, Has a nation ever been discovered living under the pure moral law without a religious creed? Is it possible tor the immature mind to develop or even appreciate an independent moras code? Are uot all infant races religious, and is 16 not only through ages of study and refiection that ee come to perceive the existence of a code of igit between man and mao not dependent on vine command? What the future may have in store for us, whether the day will arrive ‘when @ moral code, based on utility or conscien: will be recognized aa suifcient for the guidance mankind, as far as regards the relations of man to man, we dare not venture to predict. Since, then, Neither teacher nor pupil appears, what are we te Be of the Mirror's problem? Its solution is to found in the fact that he is not consistent with himself, A pure morality alone will not suffice him. ‘The existence of a living Creator and man’s Gayl pens to tuat Creator must be iuculcated, ves up the Lora bagel of Biate “neutrality. th Mirror desires Thelsm, after the ‘Datlern of the Brahmo Somdj, to be instilied ito the plastic mind of youth, ater which he will con- tentedly leave every man to choose his owe religion. We do not accuse the Mirror of deep Jesuitical design. We take his inconststen as an illustration of our point, that each man must teach morals according to Prd own religious be- Hef. We do not say that he perceives this ten dency, but it is not less the fact that his demand strikes at the rootof the ingae, the Roman Cat®o- Ne, the Anglican, of ali fai romulgated by s rlesthood, as lt makes & poy rectly responsible God. This asa retormer it may be the part of the Bramin leader to strive for, even though it cus the ground from under bis own icet; but it is emphatically not the part of the government, As we write the Mirror's article of the 13th om “Morality and Religion” lies beiore us. Ite urpose is to prove the’ very point tor which we Rave been contending, vhat the two are at rea and for most men ini visible, and needs bey thee foilowed up by an paplgts declaration ind rents ‘Theism is the term of religion to be taught. It ig not uncommon to meet: with people who think that the laws, moral and social, of the unt- verse cap be moulded aiter thelr own good pleas- ure; that he who steals can be led to steal no more, the man of violent passions be changed to & man of peace, she liar made truthful, tke selfish, sel!-sacrificing, rts the medium of some human ee das ity, ae punitive oF Teiormatory. this ‘spirit. out contempo- rary ‘thi Sacasatanse the powers that —“All that we say to government is, leave everybody to decide what re’ yn he should foliow, bat give every young man ‘sound moral coarecre that he may prove a blessing to bis family, his country and aiso to the ruling body.” Sic volo sto Jubeo, We fear the power of the most despotia overnment fs, under the present cunstitation of things, limited to the bodies ot men. The Torey <x government which 6! give to every youn, Boose moral character, ena render him a po $2) mily, on country and bis Tales, ‘tas yet tobe yo discovered THE J5sUITS IN ASIA Is the Order Adverse to the Cause of Seience? {From the Calcutta Englishman, of July.] From the meteorological tavie published by Father Lafont of the observations taken by him at the St. Xavier's College observatory during the first six months of the year, We see that on tem days in March, on five days in April, on eleven nd on eight days in June, the ther- dare ip te he. shade rose above one hundred de- ees, The highest in March was 101.1; in April, Kos; to ‘May, 108.1, and In June, 105.9. ‘There was Lo rain during January and February; tm March 1.185 inch fell, in April 1.871 non, in May 4.033 inches, and in June 4.349. On only four days £07 gine six months has the fall of rain exceeded one inch, the greatest Jal, 1.529, having been om the 13th of June. OHAMBER OF OOMMERCS, Election of Port Pilot Commissioner. The Chamber of Commerce met yesterday at half-past two P. M., pursuant to notice, for the pur- pose of electing a Pilot Commissioner for the en- suing term, There were just a dozen members. nt, The meeting was called to ot pre- Bieoly ‘at the hour named for business. W. E, Dodds was called to the chair. Robert L. lor, the resent incignbent, was unanimonaly re-elected to Li ‘he bile there belue no otuer candidate in the,