The New York Herald Newspaper, October 4, 1873, Page 9

FINANCIAL AND COMMERCIAL. —————EEE A Lively Time in the Stock Market--Prices Rapidly Advancing. WORDS OF CAUTION. ‘Wall Street Cannot Afford to Make a Mistake Even to Make Money. A TIME FOR CONSERVATISM. The Dangers of Reaction and the Power to Prevent It. ‘THE FOREIGN SITUATION. England Bare of Gold, Deficient in Crops and Anticipating o Higher Rate of Interest. THE MONEY MARKET IMPROVING. WALL STREET, } Fripay, Oct. 3—6 P. M. In recovering from such a crisis as that through which the country has passed, the stock marketas the representative of a great leverage power—as a central sun in the planetary system of finance— should not have been permitted to yield too sud- denly to reactionary speculative influences. There isasmuch danger in an unnatural rebound as there has recently been seen in a violent decline; for, whatever may be the benefit to the few, the many who do not speculate will be apt to regard the advance as purely artificial and not at all in accordance with the existing unsettled condition {the country. Buoyancy, therefore, while a sign ofhealth, if pushed to a dangerous limit like that | which was verged upon to-day, possesses in itself elements of danger which ought to be checked in their beginning. Reviewing some of the prices of the market it will be observed that they went upward at almost RACEHORSE SPEED; yet few really cautious men were to be found who did not sincerely deprecate the advance as in- dicative of acorresponding recession that might be attended with the worst results. The market is not yet strong enough to be as speculative as be- fore the panic. The banks are not affording the same accommodation to brokers, money 1s not so much at command, currency does not yet occupy and fill its accustomed channels, and there is less of confidence than before between man and man. No market in the world can be safely and prudentiy ‘‘bullea” under such circum- stances, and itis, therefore, with something like feelings of regret that the artificial course of Various stocks to-day must be regarded by all all who desire to see moderation and THOROUGH CONSERVATISM prevail until the financial status of the whole coun- try has been again established, the machinery of trade can work without a jar, and no fear attach to the probability of a fresh revolution, The infiu- ences that emanate from New York as the money centre of America are too potent and all-con- trolling in their reach to be jeoparded by any cause whatever, and the broker commu- nity of the city have thus far so well and shrewdly managed their particular phase of the situation that they cannot afford to make a mistake at the present moment. All that the commerce of the country now requires is a little time; a little more patience; a little more accumn- lation of confidence; a little more evidence that things are settling back into their old places; a little more of the same GOOD, HEALTHY MANAGEMENT that has already displayed itself, and we can let the tide resume its ebb and flow. But, viewed from a purely prudential point of view, it scarcely yet seems safe to pull down the breakwater now, and trust too blindly to the calmness of the suriace- current, Better keep prices ata minimum where they represent intrinsic value until faith is restored, than push them abnormally to a height from which, if dropped, the fall will be heard all over the world, Festina lente. This may not be a popular survey of the situation with the great operators, but if the men who have their thousands to stake on the varying shades of the market will stop for @ moment and think for themselves, their own observation must satisfy them that they, and they alone, are the prey for whom the nets have been set, and who are expected to be trapped by these sudden, forced and fancy rises in speculative values. There.is as yet no basis on which substantial re- action can be erected. Public confidence is wait- ing on the settlement of the disturbed condition of the country; and unti! this has been made, and the commercial public can realize that no storm im- pends, and no disaster can occur as the legitimate result of the crisis through which we have passea, it is perfectly useless to attempt to build a struc- ture of glass and straw. THE SITUATION IN ENGLAND, The condition of commercial aifairs in England 4s marked by several leading characteristics, chief among which are the stationary and sluggish state of trade, the rise in the price of corn, a deficient harvest and an unpromising aspect of the money market. 1t is one of the laws of finance thata short crop invariably produces stringency, tnas- much as the man who 1s obliged to husband his means for the purchase of the necessaries of life has just so much less to expend upon its luxuries. These becoming heavy, dulness is reflected through ail the departments of trade, Hence diminution is shown in the manufactuers of iron and textile fabrics and the production of coal, <A lalling off is observable in the note circu- lation of the Bank 0: England as compared with last year, which is also reflective of the condition of trade. The corn and wheat crop are d ent, and prices have accordingiy advanced. ally, England is becoming bare of gold to an extent that must eventually afect the bank reserve. Money is being sent to every wheat-growing region in the world, It is also significant in this connection that the entire amount of bullion in sight ‘between this time and December from Australia now the chief source of kKngland’s supply, is scarcely £500,000, Whatever supply may reach the bank, therefore, must be attracted thither by higher rates of discount, which will necessarily be at @ cost to every money market in the world upon which the high rates of interest exert their attrac- tive power, Fortuately this mode of ce#fapensa- tion is always at the command of the bank, and in the absence of any panic it may be counted upon 4s a measure Of substantial relief, notwithstanding the serious derangements to trade yesulting from the causes above stated, : THE MONEY MARKET shows a disposition to greater ease, Yhe rates on call loans established to-day were about 1-16 per cent as the maximum, and 7 per cent as the mini- mum. Heretofore they have been higher. ‘The quotations for mercantile paper are 12 and 15 per cent. The monetary condition 48 improving every hour, The banks are growing stronger; hoards are being returned to them; the savings banks are repurchasing government bonds; currency is getting back into its old grooves; greenbacks sold to-day for 4 a 4 a }4 per cent, 98 against 2 and 3 per cent only sixty hours ago; and, in short, the pub- Me are beginning to realize that danger has Passed, More than $1,000,000 of loan certificates were cancelled to-day, and it is understood that the Clearing House is preparing to reduce the amount of their outstanding loans. Foreign ex- qhongg Wea somewhat, lower, bYls yaving been NEW YORK HERALD, SATURDAY, | Carreney balances. increased by the shipment to aid as it is said, of several thousand shares of New York Central which were purchased yesterday. Prime bankers) sterling is quoted at 107 for sixty days and 108% for sight, actual business being done at lower prices—to wit, 10634 @ 106% and 1074 @ 10724. Com- mercial bills found market at 105 @ 106. THE GOLD MARKET was only noteworthy from the fact that prices went down to unusually low figures, with a strong desire to press them to even a lower range. There 18 a strange belief pervading the minds of a certain class that we are verging towards a specie basis and it 1s a good time to “hedge” on the possibilt- ties of the future, A general fact, however, must always be borne in mind—to wit, that just now there ig an immense gap between the volume of unsalable gold and the volume of currency. The great problem with govern- ment at the present moment, if we may accept the recent statement of President Grant, is how to preserve a suficient amount of specie to meet the obligations of the Treasury between this time and the 1st of January. When this is exhausted where shall we be—en route to specie payment? The amount of disbursements to be made during the next s1X monthsis not far short of $57,000,000, How much is accruing weekly from customs receipts? Now, either gold must largely accumulate—a point that has been constantly urged in these columus— or currency must contract. The two systems of currency must, in other words, approach each other mors nearly before a third can be adopted which will safely fill the gap, We have $700,000,000 of paper. We have not $100,000,000 of coin. In- deed, after the payment of our direct and accrued interest, we have not $10,000,000, What species of credit can this or any other government devise to bridge the chasm? 1tis the problem of the hour. ‘There is a vast amount of wild projecting on the subject, as if a mere assertion of something to be done could establish the most salient event of the century, Specie payment must have some basis. Where is it? The rates paid for carrying to-day were 6, 5, 7, 2, 3 per cent gold, and for borrowing flat. The prices of gold were :— 12:26 P. M. +++ 109% 1:52 P, M. 10934 + 109% 110 11035 lo The operations of the Gold Exchange Bank were as follows :— Gold balances.. $886,200 995,320 30,444,000 Gross clearances CLEARING HOUSE STATEMENT. Currency exchanges. Currency balances Gold exchanges. Gold balances... SOUTHERN SECURITIES, Ths following were the bids to-day for Southern aecurities :—Tennesee sixes, old, 7144; do. sixes, new, 71; Virginia sixes, consolidated bonds, 44; do, deferred do., 8; North Caroiina sixes, old, 22; do. funding act, 1866, 17; do, do., 1868, 17; South Carolina sixes, January and July, 10; Missouri sixes, 8634; do, sixes, Hannibal and St. Joseph, 82; do. asylum or university, 84; Louisiana eights, levee bonds, 50; do. eights, do., 55, THE UNITED STATES TREASURY. The following were the balances at the Treasury to-day. Currency. Special ‘deposi! rg a demption of certificates of deposit in... 65,737 100,812 4 637,445 632, 637 $3,679,404 11,800,000 81,008,965 —including c 1 certificate: 24,033,000 Outstanding legul tenders. 356,000,000 The internal revenue receipts to-day were 217,292, The Assistant Treasurer paid out to-day $24,000 on account of interest and $110,000 in redemption of five-twenty bonds. RAILROAD BONDS. A fair business was doue in railroad bonds, and there was no apparent decline in the confidence that has always waited upon first class securities. The deaiings Were, naturally, not so iarge as when currency is in active circulation, but the tone of the market Was strong and encouraging. The fol- lowing were the late bids: Dew Lorn Len Ue, dd. ass Erie sth im 7's, '80.....+ hie & N W int bds..... i Ghio #5 W con bas. D ik & W. Mich Cen Chic. Bur & Q 8's. ist. Mich so 7 pe.zd mi nen pe & NT at? Clev & Toi st. Luke shore con ¢ bis.. 57 Luke shore con r bds.. 87 Galena & Chic td hic, & Pac. Morris & Essex is’ Morn & Essex :dm NJ Cen Ist m, new. SJ Southern ist m Bw ~ S chic’ ae adh ‘& Chic $4: m 84 Chic & Aiton +1. oe Ohio « slsscons f.... 8 Peninsula Ist m cony.. 20 ana & A Hd Chic &NW GOVERNMENT BONDS. These were in move active demang, as the result of purchases by the savings banks and other insti- tutions which recently sold United States securities in order to strengthen themselves with green- backs, The prejerence shown is apparently for five-twenties 0, 1867, the new bonds of 1865, the ten-forties and the sixes of 1881, The following shows the quotations at the last Board :—United States sixes, 1881, registered, 1125; 2 112%; United States sixes, 1881, coupon, large, 115 a 11513; United States sixes, five-twenty, 1862, registered, 1031; @ 10944; United States sixes, five-twenty, 1862, coupon, large, 108}, a 109%; United States sixes, five-twenty, 1864, registered, 10834; United States five-twenties, 1864, coupon, large, 109110; United States five-twenties, 1865, registered, 1081s; United States five-twenties, 1365, coupon, large, 11041103; United States five- twenties, 1865, new, registered, 1114 a1 United States five-twenties, 1865, new, coupon, large, 113% a 11334; United States five-twenties, 1867, regis- tered, 112 a 113; United States five-twenties, 1867, coupon, iarge, 114% 2.114%; United States five- twenties, 1868, coupon, large, 113% a 1144; United States ten-forties, registered 1084 a 10944. THE FOREIGN MARKET. The despatches irom London, so far as they re- flect the American condition, are cheery and full of hope. Unusual activity prevails in American se- curities, in some of which there has beeu a recov- ery of {per cent from recent prices. ‘There, as bere, money is in search of objects for permanent investment, and creates a class of business that gives to the market unusual strength, because of the solidity of its transactions, The Bank of Eng- land gained £225,000 to-day. The rate of discount on three months’ bilis was 4% per cent, or \ per cent below the Bankrate. Erie was comparatively strong at 43 a 433{ a 434%. The bonds of 1867 advanced to 963%, ten-forties to 014% and new fives to 917%. The movement of specie in the direction oi America still continues, The steamship Italy wok $250,000 in bullion irom Liverpool for New York yesterday, and the steamships Baltic and City of Paris $525,000, The steamship Prussian, which left Liverpool yesterday for Montreal, car- ried out $430,060, Rentes at Paris were buoyant, and sold up as high as 58f., but fell a trifle at the close, At Amsterdam and Franktort American se- curities were in good demand. In Amsterdam prices are as follows:—Central Paciiic 1| st mort- gage bonds, 8245; Union Pacific tirst mortgages, 64; Union Pacific stock, 185; Northwestern pre- ferred, 62; St. Paul preferred, 6234; Illinois Central shares, 801); Erie shares, 464. Better teeling in American securities in this city and Frankfort. THE COTTON MARKET. On ‘Change to-day cotton was in moderate re- quest and steady for spot, but easier for futures, Flour was in limited request at irregular prices. Wheat and corn were quiet and easier, THE COURSE OF THE STOCK MARKET may be briefly described. It was all strong, espe- cially in the line known as the Vanderviit stocks, ‘Toward the close there was some reaction, but the market left off at the highest points of the day, ‘Yhe total number of shares sola amounted to some- what more than 81,000. Western Union advanced from 63 to 06%, reacted to 66%, rose to 67%, receded to 664, and closed at 67; Lake Shore rose from 71% to 74%, fell off to 781%, and closed strong at 76; New York Central advanced from 91 to 93, declined to 924, and later, reached 94 Harlem made a steady advance from 110 to 115; Delaware, Lackawanna and West- ern from 88 to 92; Rock Island from 8914 to 93, and New Jersey Central from 92 to 93%, Pacific Mail sold at 35 a 34 036 & 3545; Wabash at 43 @ 440 43 a 43%; Northwestern, common, BL GK & 494 | HE RIGO OL OTK & OG unio and Miecieuyol at 28 a 29%; St. Paul, com- mon, at 33}, @ 323g @ 3374; preferred at 554 57; Hannibal and St. Joseph, common, at 23 a 2513; preierred at 33, 32% a 3344; C., C. and 1, u, at 22% @ 23%, and Union Pacific at 20 a 2034 a 19% @ 2034. Erie was dull. Early in the day the stock was offered at 60% without takers; but later it sold at 51%, closing at 50% to 61, Sales of Erie preferred were made at 70 a 70}4. An encouraging feature of the day was the fact that, notwithstanding the sale of a considerable number of stocks “under the rule,” no additional disturbance occurred in the situation, as was ex- pected. On the contrary, several of the recently suspended firms asked to be reinstated as mem- bersof the Exchange, having fulfilled their con- tracts and complied with all monetary obligations. HIGHEST AND LOWEST. The fol!owing table shows the opening, highest and lowest prices of the day :— Opening. Highest, Lowest, N. Y. 0, & H.R. Stock cosol. teas vi iL o4 9 Harlem 110 5 no 50% 51 507% 12 16 TM 44 43 4356 413g Northwestern p 683% O75 Rock Island. 83 bo4 Fort Wayne..... 8534 88 Milwaukee & St. Paul. 33 80% 8246 Milwaukee and St.Paul pref. 55 oT 55 Ohio and Mississippi. 28 20% 28 New Jersey Central. 93.54 136 Union Pacifi 2034 10% ©, C, and I. C. 23% 22% Pittsburg, 814g Slide Western 07% 63 Pacitic Mail... 36 “4 MEMORANDA. The earnings of the West Wisconsin Rail- way Company for the month of Septem- tember, 18 Do, tor 1872,. Increase Over 1872........+.+0+5 The earnings of the St. Louis, Kansas City and Northern Ratlway Company ior S5ep- tember, 1573, were. eeeeeecesees $286,240 Do. 1or 1872, 232,819 Increase seeeeee ers SALES AT THE NEW YORK STOOK EXCHANGE, Friday, Oct. 2—10:15 A. M. 105,n. zig $1CW0 US 5-29,¢, 67 11435 Kn do a Hy 09 00 1000 US 5's, 1 1000 do... 18% $10000 US 1-20, r, 24500 US 10 A, M.—Before Call. 10) shs Rock IRR, io. do. RR ae 10 Putts 10) Oliv & MR do. 20 S000 N ghia new SUMO & Mcon at. Sunsth, «1M et fot ttt ke hare a Bot Fr 100 CT 200 Wells: Eacey ex: Jo. ion Tarletn Tit! 43 Mich Cen RR. 20 Cl & Pitts gtd 12115 to 2315 P. Me $1L00 L + 5-20, c, "65,n.6 30000” do. 000 Called bonds: 2000 Us 5-20, @, "86. 20 Ls aM 50 a 10 100 200 Second Board—1 Pe Me 100shs LS & MS RR. 400 do | 622,418 bushels; corn, | Extra State. OCTOBER 4, 1873. —TRIPLE SHEET. apanapepantanzas aU IELTS BESS: Western Union. 66% « 67 — Pittsbury Quicksilver... 19 a — Chas AdamsExp! Bt Ch & NW Weils-Farwo ox 5815 Am Mer Un Ex. 34 isk Han & StJo pe. 33. Cp Wa LIC occ. COMMERC:AL REPORT. - BK 4 Cotton Steady for “Spot” and Easier for “Puture”’—Klour Dull and Lower=—Corn Irregalar—Wheat Lower—Oats Firm—Pork NominaleLard Wirmer= Groceries Dull and Nominal—Petroleam Unchangeid~-Naval Stores Firmer—East India Goods Quiet-—Wool Dull Easy—Whiskey Firmer. Fripay, Oct. 3, 1873, There was considerable activity in mercantile circles to-day, and the markets were ally steady. gener- The recession of the gold premium exerted a depressing influence on the grain mar- ket, and this, combined with the extreme difficulty in placing foreign exchange almost pro! business of any magnitude In wheat, accordingly experienced a decline in and closed somewhat irregular. dull and lower—though the receipts light. Oats remained scarce and firm. hibited which value, Corn was were Whis- key was again dearer and generally held still higher. There was literally no market fo r pork, which remained wholly nominal Lard was the turn dearer but very quiet. firm with free offerings. The the past week, it may be remarked, shipments Freights remained during have been heavier than ever before during the same number of days. Cotton was quiet and steady for spot, while futures suffered a slight decline. and nominal, Petroleum unchanged. demand and firmer. East India goods were q easy. Wool quiet and weak. Groceries were dull Naval stores in juiet and Asuzs.—Recoipts for the past three days, 55 packages, The market Was modevately active, in a jobbi with prices ruling steady. Sales of pots at $8 25. ing way, Buinpine Matertats.—Bricks have only been in moder- ate request, with prices slightly irregular. Quoted as | ey, $6 50a $7 per follows:—Pale, $10 $425 per M.; do. ; up river points, $6 25 a $7 25; Haverstraw Bay, $7 25 17; Philadelphia, $25 50a the above Tides are ‘or lois atioat. Delivered ari ed a tol: ows —Pale, $6 a $ lerscy, $8 50.2 $9; up river, $425 925; Huverstraw a $1025. Lime mee with | a rpoderate demand, in a at $1 10tor Rockland comiuon and $175 tor do, Coment was quit bbl. for Rosendale; $4 a for Portland. $2. $2 ° Eastern. Jroton tronts, brown, $l4a $15; 5 dark, $15 a $16; | pbbing way, with pricesstoady | } Jump. and unchanged: quoted at $1°75 per $4 W) tor Roman, and $59) a $6 ‘Laths were in fair demand ‘aud steady at ‘Gaspiis Trade was confined to the requirements, of jobbers, and lots were placed at steady price nye perm, Ze. a Hie. ; patent do. 396. 'a_ Ave Sie; stearic, $c. @ Wc; udamand ‘ates demanded for ireight room, au 4% of exporters. Spinners also wouid ha} chased more freely but ior the light ofermgs. market closed amiec buttlrm, at a decline oi yc. & b.; a woderate business’ Was transacted for the market closing tame at about 17c9. 320. a 17 4e. for November, ana 178-32¢. We quoie — tober, 1 tor December. Good Ordinary Strict Good Ordinary Low Middiing Export... Consumption Speculation Totals ..se+ —Included inthe above livery (basis tow iniddling) che sa three o'clock. 71 700 at ITC. at 1 io t Vat cember, 900 at 174 Pevruary, 60) at I7: Maron, les Uplate Alatama, New Orleans. Texas, ine, ote lower ruling of goid and exchange aa sided tne er tgtieriige oF spor cott.n, served to ditninish the ve pur- “ruure for Ue- a l7ye. bales. Gtand total, 10,800 all the poris are as. tollo Urieans, 2,086; Mobile, 1ol; ba L Suz; Wilmington, 77 Bai more, 100; New York, 14; Boston, ‘This day wee! ‘Thisday last year, 11,166, o. and jobbiny mained nominal cargoes, 206. & 20 % nd cargoes, BLi4e. & 31 z40. { prime carKoe 21K. extreme range for lots, Ze. Goud per i. days’ credit, Java ( ‘overniaent suis), 4 miss nis), 24c. a Singapore, $2 lair cargoes, 20 oi) 9,703 do. § somewhat irregular, some kinds being he: us dear as yesterday. The sales, melu ie about 16, a) Dols. at prices wit. ised qnotations, ‘The sales were only about 350 pbli near, tree on board; for prize medal tree on board; afoa. Weq No. 2 State, Supertine state. Raung hoo Ohio. shipping brand Round hoop Ohio, irate brands Louis, choice 1amiiy Caliiornia... Rye flour. southern, No. Southern, supertine. Southern, extra ly. the t minum and the dead lock By the Exchange, and ns Fy nee ud 2c. ) for Chicago No.2 ans Sie were on sf bout 115, busheis at $L yh Pe oF SELES $1 85a $1 39 tor No. $i «i for No. 2 Chicago sprin; A pee 4 $1 45 for No. « Milwai rin hesota, spring: $66 a $1 oor $165 for amber and e 40%y a fats gok rea « for lowa aig says nulla, 20 at @ to 9 ton © FLoor AND Grain—Recoipts—Flour, 13,°01 bbls: wheat, ‘The’ flour market was and others all Kinds, je range of Corn meal was lezs active, put i, 7,52. s from first hands was reported Prices re- Rio, ordi- Ble, a We. and ry + do. 3 00 tor $3. for Marsh’s caloric; 385 tor Brandy- 35 for tair to good Western, and $3. uote 2 £ r=] <. Zs. SEESU: PS a a a a a a a a a SESSSESELETS pees covets met omn~teesanins reas ata pre ices de~ per bushel, and closed at avout $1 39a 1 44 tor Milwaukee, The for very HT $ $1 40}, for No. L Sue winter; spring. # Corn was dull and lower, prime Siete closing heavy at 66c, The sales were only about 6,000 bushels, at Ble, aes forums Ba. a ete. for sail’ mixed oye. ‘ilow, nad’ 630. “Tok white. 8” Oats wero Bem,” bik ony in moderate demand. The sules rat, whowt. 51,000 bushels, at dle. for old in. store, 62c. prime mixed afloat, S6c, a Sze. tor white, moderate request, iu two rowed state, to arrive, a eglected and nem.t nal Ry tern broug)t 90. usiness in the | Barley e of berth frey ut the market wi qui ments were am ‘ates me by 8 ain, 309 boxes ghiveds wt a. 7 jong laaghe for stock and was in lew rorgriee of 5,00) bishois of ls Vanada and West. was quiet; hts con siaiaed Ta ate ranging steady. Vessais for jas. com Liver. er at ee I 38, | Coipts. 12.340 bases 5 ‘7s. For grain accommodation, bid for room Una 14d: asked: oy ealt A009 bushels Sxretn at Lian gat d 6,040 bushels of gern, 2 SON Pepe ot pone Thy 7 . by ste, Toiga.? 20) Boia ot Fosin att and by Sit 1,600 bust cist wheat at kiigdet Loo) Dil ‘tour at isn 700 bbls. rosin at ds. To Bristol, by steam, 50) bbls. flour to fill, 18 PE Tie eng 6000 bushels sia wihes: jt os at Id. per 60 II be. ie “DY sted stele “GRAIN, for ahi- tuent oth” instar at’ Weis aw. Gble” flor, ee; ‘The chariers comprise “000, n Italian, ii, nese to Cork ior oréers, ®, arters gram at is; ‘a Norwegian bri (og evenin; » an bath he grain, hence same voyage, a .; @ Italian burk, hence to Gibraltar tor orders, to a oat west coast of Teudy, boxes of refined petro- Joum at 39. and bis, to Mill at Ss. &1.; a Norwegian ship, hence to Havre, 5,5 bbls. refined do. at 7s. Oa. 61 Gays: a British bicamer: hence to a direct Gontinental port, 8,000 quarters grain at 12s. British bark, hence to a dizect port, United Kingdom. 2.300 bls, of nay tha, said to be at or about mn American bark, 729 wns, to Ban Francisco, general cargo ats lump sum; @ Norwe- jan bark, from Philadelphia to Belfast, foe Te- ned petroleum at 6s. 435 a Swedish ship (now at Boston), trom do. to Antw 'P, 5,000 bbls refined petro- jeum at Ss. Sd. ; several other vessels for petroleum were pending, but not closed at a late hour. Gunwiks.--For domestic cloch prices are a shade caster and the market quiet, We heard of sules since our last of | 00 rolls of domestics, heavy average, at lic. + oi ‘otis of do., in lots, at 13\\c., closing at 13)4e. tor light and Jor heavy average. Jorneo end Gouripore quoted gc. and bigs, nominally, at L3c. a 13sec. Meat Avy Jute—the market. for hemp remained in- active, out prices were quoted meaay at 10%c., gold, for Manila and’ s3gc- do. tor sisal, Tate was rathor fi but Temiained quiet, quoted a ser @ 5c, gold. Jute bi yare quiet and easier, held at lgc., currency, wiin 1c. Hors.-—lko market remained quiet and unchanged. Small lois wore placed te Lrowers Keneraly at the Inside Prices of the appended quotations quote :—state, of 1573, dic. Eus era, growth of is arlings, crop of nz a dde.; old Olds, ¢ Se, a Ic. isss 1369 si 187), i “Bavarian and BE growth of | 8 ic. —‘'he marke! continued dull, end values more el We xppend our former quotations as ‘ew crop—Cuba centriiugal and mixed, 2c. a ved a 8s. do, muscovado, rednin (Be. do, do. gr: 380: a 45e.; Porto Rie Bilin ts lands. Bc ; Now Orleans, ede, a 006 ihe market for spirits of curpentine Ive to-day, but prices remained the same. Round lots could not have been placed at prices above 4., although in smal! lots sales were reported aggregating AGE vbIS at dic. Roun was In fuir request, and the mar- ket for strained was again fMrimer, closing at $2 9 for common te fog, The ales embrace bi ol strained jat $2 5 strained and low a $3. ‘No. Targ3 8 aio do. of guod do aces $734, und 85) do. of low pale at $37 dur and pitch continied neglected and nominal. O11s.—Linseod was moderately active in a jobbing way, with prices ruling steady. Crude sperm and whale re: Mined quiet and sveady. Lard oil was in limite] de- szund at sieady prices. Menhaden was quiet and easier. Crude coitunsced nominal. We quote :—wui seed, jobbing lots, yl in casks and $1 Olin bbls. Sperm oe tor crude, $1 68a $1 70 for natural winte: $1 75 or bleached. Crude whale, ose, tor nort" ern S8o. a te, for Southern, Ofc. u de, for natural winter ‘and 7Uc. a 7ze. for bleached.” Lard oll, 75e, for ice in dnd fe. a 79e. for lots ot choice winter, Menhaden, ie Crude cottonseed, nominally TETHOLELM.—ror redued the market continued dull, but prices were not quotably changed; 7c. was the nom- inal price for remainder of month. A contract of 2.500 bbls. for Grst hal! of month was reported at I7c. Crude in bulk was inactive, but held with confidence, at 539c. ior early delivery and 534c. for balance of year. Cases were moderate.y inquired for and quoted steady atic. a 2gc.—the higher priee for sinall lots. Naphtha re- mained nominal at about 10c. tor city. The Philadeiphia market wasdwl and nominal. Reined quoted at I6c. for October and for November. At the Crees Oil City was quoted at $145, Tetrolewin Centre at $1 10,a $1.15, Titusville at $1 20 a'$125 and Parker's at We. a 9c. Later we be month att Philadelphia, 0) Duis. of city naphtha at i0c., ‘500 bbls. of retined tor October at 154e. PROVISION: eipts—Cut meats, S61 packages; lard, 660 bis. and tierces and 180 kegs. ‘The market tor mess pork continued duil and entirely nominal. ina jobbing | ss. 10" nbig of prime of sour iness at $15, and 50 #acon was inact Yi We haye only to note sul 0160 boxes of ght English cutsat 9c a 9%c. Dressed hogs were in xood deinand, and under lignt arvivais prices were rather better; quoted at 7c. a wo light. Beet met with a limited jo prices, ‘The sales in lots toot up abouts the range of $5 50a $10 tor plain in $1100 1or extra do., bbls. : $17 @ $20 for prime gn $20.0 $22 tor liidia do. tierces, Beet hana were quiet ly and unchanged. Quoted at trom $18 a $26, ns extremes, tor common Southern to choice Western, Cut meats were only in moderate request, but prices exhibited no chinge. ‘The sa'es include:—100 smoked hains at 12c., 2) do. shoulders at $34c., 200 pickled do. at 7}, Ibs. or pickled bellies, If ibs. average, at vise. 3,000" tbs, jek Tooke do., 12 Ibs-averaxe, at age, and. 800" iresh rivate terms, Lard—The market tor Western was quiet; but firme: bid, and 5 $-Loc. aske October. cash, 500 tierces tor October at 3% at sic., 100 tierces of kettle at 84c., city lard w. d steaty, about 100 tierces of prime were piace Buwer and cheese were without noticeable in value and mm moderate request. In a distributing way @ moderate business was consummated at steady 3, ee The sales foot up about 30 tierces of Carolina, at 8> ) Uierces to arrt Ce ‘aina at Tiger Wen, ad 2) bags of Laugooil at Bue. a 6c. “ScaanFor raw sigur the market continued dull, with Leeper he d nominaily steady. No transactions of con- ere reporced, | Hefined was quiet and quoied ready” at 10%¢c. tor standard “A's,” “bards.” We quote pratinbe. Be mon, 7c. a 734 prime, 80, a ¥3gc. : rocer fair’ 10 ood, rine’ to ‘choice, Siac. eige., centriiagal, gc. w 9%C. ; molaace nhds. and’ box’ ONES, DOr Tie. molade. a v.66 ‘Havana—Boxos, burch Penns urd, Nos. 7 to 9, 76, a 7340.5, do.. 10 to 12, do. 13 0 th Bee a Be. 0. 16'to 18, 940. wl Wiser a hite, ¥30. a cate to pritue: Tee a Shy ae 9c. Bratt Duvch standard, Juva—Duten standard, Nos. 10 to ‘uperior and extra superior, 7c. & 7% ‘Linseed remained inactive and noi ot ransacuous, ve quest and firm, at 10%, iz Md nominal, 8c $3 3 Kough tax was in light demand, 5a $2 WXo Reansastiotis ot consequence were re- d to day, and prices Were nominaily unchanged, TaLuow Was less active but remained steady in price. Sales, 125,000 lbs. of prime, city and ouiside, aise. ‘Hozacco.—recdleais have been in better demand | during the past three days, prices for which, however, have shown no change mmiucky las also met with an unproved demand at steady dgures. Foreign, at un- changed prices, was in fair deman The sales em- brace 80 cases sundry seedieats, crop ‘70, at 7c. a 8c. ; cases of do, crop ‘71, at trom Ye. t 30 cases of Con- necticut and Massachusetts, crop ‘72, on private term: ‘cases of Ohio, at o36C. a Tic. ; SW cases of Wisconsin, erop Go hinds! ot Kentucky at from 7c. to lic., 200 J baice of. oflavang at Sue. ne 260 bales of do., for export, at 2c. ld, in bond. o1.—The inarket co: And easy, although pip iorars no des lar change. fhe sales x Alichigan at £0 . 10,000 Tbs, of tin- “anmerehantable ‘spring 1,0.0 lbs. of Oregon, 35c Bi bags super pulled, d5c. a 48> 44 pales spring Caliiornia, 3.5 10 big Jhio, fleece, 4,000 Ibs. of tub Washed, 5,00) Ibs. ha iS atied Semple, all private terms. receipts, 705 bbls, The market was quiet and again firmer. Sales 179 bbis, at $1 05 DOMESTIO MA rI0 MARKETS, on ~~ Ganvestox, gs Cotton nominal; good ordinary, 1-45 a Net receipts, 260 bales. Sules, 7. Stock, 10,30. Net receipts, 3.573 bales. Exports coasiw!se\09.. Sales, 302 New ORLEANS, Oct. 3, 1873, Cotton firm middlings, le, low carte nga, Hac. ; | ba strict good na, Net eee Snies, 1, Bo." Dek, 20 ¥ cely ixoha Hs the Toss, 13,9) x) sable gy TT Sales, 9,700. &, Oct. 3, 1873. Cotton in fair demand, middlings ivert bw midchings, 1 ood ordinary, Ie. Net receipt bal Stiles, 250. Stock, 9,057, Wee Exports to the Continent, 0; SAVANNAH, Oct. 3, 1873, 471 cea stwise, astwise, 676. =, 9.025 bales, coastwise, 3,363. Sales, 4, Cotton quiet; middiings, 17%. Net receipts wane oastwise, “sales, Weekly Net receiyt, Bales, 3345. Cotton n sendy; strict good ary, Le. X 18 COAStWiSe, 2,430." Sal ‘eceibts, S579 bales, E: ae Flour 20. lower on the higher grades? sales ‘of 1,700 bbls. at $775 for No. 1 spring, $875 tor winder winter, $9 white winter; $10 tor double extra, quiet; sales of car lots No.1 Milwaukee Club at | ar 47. Corn quiet; sales atduc. 4 Gie. Barley frm; sales of 10,000 bushels prime uplake Canada to arrive at $150. Oswxco, N. ¥., Oct. 3, 1873. Corn meal $185 for bolted, $130 tor unbolled per ewt. Milliced higher shorts $17: shipstufly $19, miadlings $22 per ton. Canal ireights barley sew York, barley 11%. t Inner $5.25 to the Hudson, $425 to Ne: pts—53,000 bushels | barley, 552,00 feet Tumber. or Shipments— 600 bbls. dour, 617,000 eet lumber, Lake,and rail imports for, the lavt twe Flour, 3,007 Duis; wheat, 10M.447 bushels; do.: dats, 34637 716 do. ;_ peas, shipments—Wheat, iiaider'pashels: corm, 31,080 do, Kall Imports-—W heat, 21,001 bushels; cog do. ‘anal freights—Wheat, ‘the grain market is beyiining to re- 0 late mouciary punlc. Wheat is fem, but Quick, with litte disposition to operate. -‘the only’ sale made public to-day was 50) bushels So. 4 Duluth spring at $1.57. Comm active: sales 0] WAN) busi ad gn nixed at We; 1.210'do, No. 4 in a at er articles unchanged. 8, 18; Flour dull, Wheat dull at $1 60" Tor re Ewha W: bash, cash; $1.69 Nevember; guber, Michigan. spot, L 37g a $240; No. 2 Pots for bish ‘mixed, “Uctobel pot, Oats dull ai November. | Freights dull and nominal. apt bushels wheat, 21,000 do. corn and 5,00) do. ‘oats, ments—8,0W bushels wheat, 10,000 dio. corn and 2,000 do. coals. Cuicaco, Oct. 8, 1873. niet and unchanged ; buyers and sellers apart. Wheat—Vemand xood at full prices tor cash; sales of No, 2 Spring at $103 spots jin fair mixed, » Flour at lower rates for futures, at $1 05 Gotaber.| vai 05s November. No, 1 Spring, $ivd 8 gti; Nos! do. ee 231. Corn steady’ for’ cash. of ‘Uctober at 38°; ink tair demand, but at lower sie tor November at 4Wq0.; Fejected, 3G}4c. a 3c. Uats active and higher arate. ot No. 2 can: Se. sovember; rejected, Be, te. for No. 2 Barley: %. for No, 2 tall; No.3 according 10 location, | Provisions eld truly,” but with mo pressure. to Duy. t9id 0 clan, Lard. stendy ‘ar Tage. w Page, BOI Incats ‘nominal, Bacon noiiual. Whiskey s¢arcer, firmer and higher at We. Frey igite-Cora to Buffalo, 80. | wheat todo, 9c. Receipts—4,50) bbls, our, 60,00) bushels Wheat, 107,000 do. corn, 40,(0) do, oats, 3,000 do, rye and 20,000 Uo. "barley. Shipments—s,000 bbls. thous,” 158,400 Dusuels Wheat, 496,00) do. corn, 97,000 do. oats, '2,000do. rye and 15,000 Uo, barley. FOREIGN MARKETS, j Gazzam Collection Agency, 22 d of sales of $2,080 Lbs. of refined ior this | “ | Salesrooms, a: Pi Broadw iy | claims against sald firm, bales, including 28.00 American. 1 P. M.—The ipatrog mldding uplands, 66-5 ft. ida aa Bid. sales, 18.040 bales, molud ing 3.0% tor sbecw on and export. * upli tales ie iat 0 bates bog yor en the basis 1s of good ordinary, sbipj Loxvon Propuck Mankser.—Lonvon, Ogio Refined petroleum 1/44. per gallon. nn oil £34 per ton. Liverroot, Propuce Manxet.—Liverroo! Evening. Common rosin 9s, 6d. per cwt. rhecote eee tine 32s. 6d. @ Sd EF. ae tT in MANcH ara. Lave me market tran and fabrics at Manchestor iit rm. LiverPoow KADSTUFFS tent for the en ies 3—12 30 P. M.. —the ne zeoelpts ot ‘wtiont for the three days have been quarters, includ! can, The pe A ex or corn for the past three days Oye heen 8,000 quarters, ineluding 1 Woo American, 2. Meee The market is quiet. Wheat 1s, 9d, a 2s Si. ver cental for red Western spring. Corn 133s. per quarter. ANTWERP PETROLEUM MaLRETCANIWERE, 41a 41}; francs for ‘ine pale American. “\ TLANTIC SAVINGS BANK, Six per cent paid salu rn gut NC Chae on all sums from ONE DEPOSITED BERORE OCTOCER 29, WILL DATH INTLItuaT AST ROM OCTOBER HARRISON HALL. President. J, COOPER, Secretary. is RLKS D. Batter, Treasu urer. MONEY 10 LOAN ON BOND AND MORTGAGE. for a term of years, in sums from $5,000 to iw Now York improved Property: private dwellings pre- ferred; ho bonus. ALLENDER & LAURENCE, 30 Pine street, _ “LAPSILEY 4 BAALEY, BROKERS, 74 BROAD ‘ay.—Stock and gold privileges full explained, with prastiont iiuatrations, tn circular, with rolbroncest Cireular mailed to any address. Full information om application. cay erie DVERTISER WISHES TO 5 Firat Mortgages on Orange make a liberal disoubt, | Princip! JERSEY, box 20) Herala oftice. A“ HOSDERS OF BLUE RIDGE (SOUTH CARO. + lina) Ratlroad Bonds, by, communicating with the Broadway, will hear of L THREE SMALL property in te 8 only ‘addres something to their advangage. APITALIST.—WANTED, $2,000, J. three years undoubted jRecurity willbe given: will pay liberaf interést; to those having. the money it 1s sale fivestment. Please address Pays! ‘CIAN, box 187 Herald ollice, Lor one week. POR SALE—A CHECK FOR $500, SIGNED BY FR Sherwin on F. R, Sherwin & Co., 80 Broadway, dated May, 1872; wili be sold at 35 per cent discount. Address uRG GENT, box 4,763 Post office, (WYNNE & DAY, NO. 16 WALL STREET, BUY AND sell on fiher Securit ior or on time, Railroad Stocks, or Securities, ASKINS & BRAINE, BROKERS, 11 BROAD street,—Small lots Lake Shore, Rock Island, Ohiog Union Pactic, for sale for cash. Stocks aud Gold bough and sold on margin, Privileges a specialty—enabling any one with small capital to speculate salely. Explanatory circulars mailed. EW YORK AND BUFFALO CITY BONDS FOR sale choap by, DANIEL A. MORAN, 40 Wall streot. UTS) AND “CALLS.”—$10 TO. $100 WILL secure these privilezes on stocks. No risk operat- ing in Wall street on this plan. Many of these coniracts during the panle paid several thousand dollars profit, and wil beer duly honored by the makers, Explanatory circulars mailed ou application; orders executed of margin. HUBBELL & CU, a BONDS AND ¢ THER 5 ery Monday and Thursday, y's notice, at the Exchans y: our established custom NICOLAY & ©O., Ne Pine stret te pune: a 3 IN BROOKLYN WILL BE EX- changed ata fair valuation for Railroad Stocks or Bonds Current oa the Stock Exchange; will take them ten per cent abe rb rede street on or address W. GALES OF sTOC tles made at auction e er on other days upon one years, E. YOUNG, Ne et. T° LOAN. 90 AND. $3,200, ON NEW YORK OR Brooklyn property; $15, Jo) on New York property, a larst class; only principals dealt with. Apply at HS Broadway, room 35. LOSERS BY THE LAST CRISIS.—! AND SAP 0 : Ab financial operation; large daily aaa oaly se wanted. Write tor mterview to L. F., box 107 office. ‘a W. Stock and Bond Broker, 30 Broad street and 64 Exchange pl upon reopening of the Exchange will cash or upon option. YWVE HAVE MONEY TO We cnyin thiscity and Brooklyn; also to buy. first, 3 i old mo Ages. pecepcinoe AWARD « LEAVITT, St Wall street Wwe TED—TO SELL AT FAIR VALUS, A FIRST Residence near Prospect Park, Brooklyo. Im payment will recet urities at ten per cent over pres- ent market prices at New York Stock Exchange, Address or call on 8. C. BLAKE, 66 Pine street. TANTED—A POS) BY A STEADY MIDDLE- aged business man and broker, who can loan his 32,000 to $4,000 at once, on ood security. Ad- FIDE, box 107 Herald office. $6,000, $5,000 AND $3,500 oA ELLERY, el few employer ress BO. 33 COND MORTGAGES, on three Houses up town. Liberal bonus, take ‘one or all. Address W. BUR! LL 267 Broad 70. 000 ¥A TED—ON IMPROVED CITY PROP- erty, easily worth three times amount for, Principals ouly address immediately, box 1, York Post onice, c OPA ae Ww: HAVE THIS D. A PARTNERSHIP oa tue hem uamne of Sterne 4 iellbrun, and wilt hereatter carry on the business heretofore carried ou by St ¢ 267 Canal street. the late firm of Friend & Sterns, at 257 Canal street, New Yorx, € Oct. 3, 1873. a HEILBRUA. NHE FIRM OF FRIEND & STERNS HAS THIS DA To icen dissolved by mutual consent. Joseph Sterns te. authorized to collect all claims due to and liquidate, a New York, Oct. 3, JOSEPH STEBNS.. ——_+> + DEFALCATION IN THE BROOKLYN POST OFFICE, —_—+— John Howard Young, Moncy Order Cierk, Alleged To Have Absconded with 3833. Yesterday the startling discovery was made in. the Brooklyn Post OfMice that one of the most | trusted clerks in the Department, it was supposed, had absconded and taken with him about $883,. which belonged to the Money Order Bureau, The accused employé is John Howard Young, who oceu- pied the position of money order clerk, He has been missing ever since Saturday last, but it was not until Tuesday that any iears were entertained by his superiors concerning his honesty. Them they learned that ne had sent word to his family, who reside at No, 23% ‘Thirteenth street, Gowanus, that he had left town. The outgoing Postmaster, ex-Mayor Samuel Booth, grew suspicious, and at once caused a search of Young’s accounts to be instituted. The result, it is alleged, was thata deficiency was discovered amounting to $883, which was believed to have been incurred since the 20th of sepiember, the date of the last weexly report. The Department, at Washington was at once notifled of the mater, and the special service detective corps were put in, possession of a deseription of the ac cused. They are now on his track, with. strong lope of success in effecting his capture, The mother of Young stated. that on Saturday last he came to ber house, No, 169 Eighth street, and requested her to “send one of the girls (lis sisters) Up co stay with his Wie, as. he was going out on Long Island to see a pentleman on business and would not be back before morning.” He added. further that there Was to be & new Post- | ihaster, Mr. Charles ©, Talbot, in place of Mr. Booth. His mother was surprised at his course, his going away so abruptly, and advised him. to go an (eil Ris wile of his intention ; but he said it was not necessary, a3 he would be back eet in 4 morning. This was the last seen ef him, an jate is a subject of the greatest concetu to his tune tives, as well A o Uncle Sam, who wants satisiac- A for that $88: The writer called upon Mr. Mist Booth, the retiring Postmaster, last evening, and was tn- formed by that gentleman that Young was ap- jointed cierk under George B. Lincoln, on the higitest recommendation of Silas B, Dutcher, wha became one of his sureties. His sureties are re~ sponsible to the amount of $2,500, which ts far more than ample to cover the loss of the gov- ernment. Young, who also served under the postal Mdministration of Roberts, Kinsella and Campbell, was a teacher in the Reformed Church ‘Sunday school of Gowanus, of which Mr. Dutcher is superintendent. Mr. Booth states that he feels very much annoyed about the occurrence at this particular time, when, after nineteen years ol labor in procuring a consolida~ tion of the Post Offices of brooklyn, Greonpoiss and Williamsourg, he had at last succeeded, a was about retiring with the proud satisfaction Ot having procured the object in view, when this alleged Reraieation came up. ir. Boot ae visited Mrs, Young as soon as he hear of tl affair, and learned from her that her husband, | wh most steady in his habits, ‘kind and affectionate, couple had been have one child. Young by making Loxpon Moxry Manxet—Low ON, Oct. 8—12:30 P. M.—~ for the account, Consols for money, 925 a 92 United States nve-twenty bond 9%; new tlves, 91). brie Railway Kile Railway shares, 43%. 30. fwenty bonds, 180/°4 9a ien:forties Yi: new fives, amount of bullfon gone jand on balance to-day is £22.00 ‘The Fate of discount In the open market fur tree bulls 8 4% per gent, of a. ’e per cent below the Bank of tngland tote. The bisiness tn American azcuri- ties today is mainly for investment. Paris despatches quote rentes at {8 franc M.—Uniied States tive- twenty bonds, 1865's, old, 95%. Erie Kallway shares, 49 Paris espaiches quote rentes at 97f, 860. Es , commencing September 20. Mr, Booth stat ds that ne would nave an Official report of bey rest of the accountant’s investigation ready bee but he did not think the amount missing would exceed that above given, He was also of the opinion that if the accused were alive, they would find him. A OHILD FOUND DROWNED. Coroner Young held an ‘an inquest yesterday com cerning the death of a boy, about eight years old, whose body was fgund floating in the North Riven at the foot of Harrison street, yesterday, and sent to the Morgue. Jt was ascertained that the LIVERPOOL COTTON MARKeT—LIVEHroot, Oct. S-12:30 M.—There have been no transactions in cotton, to a rive, but sellers Sonat an advance ot 116d, aso, Sales of the week, have bes 85,00 bales, incinding 8.4 Tor export an athon. hho staok im, port is bale: noluaing, 80,000 8 an, The reectpta ot the ihe week have b been 60,000 bala raring i! said can; actual gxporta & ou'pales, The sige’ apoat ‘was the gon of Mr. Johu Brook, Soa ta be gstabuishinent 0: Taylor & Wlison, 141 Frankie atreet,