The New York Herald Newspaper, October 7, 1873, Page 5

WINANCLAL AND COMMERCIAL. Stocks Unsettled, Unreliable and Artificial. A FALSE BASIS. The Requirements of a Healthy Market. MORE CONSISTENCY NEEDED The Action of the Secretary of the Treas- ury—Will There Be o Further Expenditure from the $44,000,000 Reserve t THE MONEY MARKET IMPROVING. Uealthy Symptoms in All the Departments of Commerce and Trade. WALL STREET, } Monpay, Oct. 6—6 P. M. Some of the stocks of Wall street effervesced os lively to-day ag a freshly opened bottle oi cham- pagne, and demonstrated in their subsequent de- cline and reaction the fact so often reiterated in this column, thatthe market is yet unsettled, un- Feliable and full of only artificial strength. For more than tyo years past the legitimate commis- sion houses have one and all prayed for a condition that would invite the outside buyer and promote a0 activity not confined to dealings among them- selves, Atlastit occurred. Prices receded to a reasonable minimum; yet, almost before the news could travel and orders arrive, a tew operators, Griven possibly’by their own necessities, jumped into the breach, and instead of an easy, natural a@dvance, calculated to inspire confidence, the market has been made to act like an India rubber ball. Instead of a strong undertone indi- Cative of intrinsic value there has been a series of speculative vibrations, giving no promise of a brighter future and absolutely frightening away scores who thought to avafl themselves of an opportunity to make money by the rise, All this is unhealthy. It means that the market has no “staying power,” 1s a mere game of heads and tails with a toss up who shall Jose, and unless more capital fellows close on the heels of thay Which 1s Bow being absorbed, it is not unnatural to surmise ‘Shat the street will again witness only the unsatis- factory interchange of mere local business between brokers themselves, THE UNITED STATES TREASURY. The possibility that Secretary Richardson may still further trench on his reserve of $44,000,000— now amounting to $41,400,000-is viewed with lively interes by all who are interested in the @dcitional ease Which may thereby be communi- cated to the money market, Tne law fixing the Minimum of legal tenders at $356,000,000 was passed on the 4th of February, 1868, without, how- ever, receiving the approvalof the President. It provides that, “From and after the passage of this ‘act, the authority of the Secretary of the Treasury to make any reduction in currency, by retiring or cancelling United States notes, shall be and is hereby suspended; but nothing herein contained shall prevent the cancellation of mutilated United Btates notes and replacing the saine with notes of the same character and amount.” The Sec- retary, however, has used his discretion at various times in issuing a portion of the $44,000,000. He did ao in September, 1867, when it was necessary to suddenly redeem $1,500,000 of three per cent certificates. The amount, however, was replaced in two weeks. He did so again after the Chicago fire of 1871 to the same amount, which was likewise speedily restored to the Treasury. He did so a third time in April of tthe present year, when the extra issue amounted to something more than $3,000,000; but it was also quickly retired. In time of “pressing necessity,” therefore, the Secretary of the Treasury has established precedent for his recent action, avd when money becomes easy again—which, by the way, is predicted as Ukely to occur within thirty days—the original minimum of legal tenders will be again estab- Msned. Hence there is no fear from this quarter. We shall not have imprudent inflation. THE BALANCES. in the United States Treasury at the close of busi- ness to-day were:—Currency, $3,945,257; special deposits of legal tenders for the redemption of cer- tificates of deposit, $11,300,000; coin, $81,407,245, including $33,539,200 in coin certificates; outstand- ing legal tenders, $353,640,088. The Assistant Treas- urer paid out to-day $30,000 on account of interest and $18,000 in redemption of five-twenty bonds. The receipts from internal revenue to-day were $879,515, from customs receipts at this port. THE MONEY MARKET, after showing its hardness at 1-16 a ¥ on callin the early part of the day, settled down to 7 per ent. If there are any who imagine that these are extraordinary rates or unusual to the stage of the year, let them turn to past records. Before the panic and at various seasons we have had equally stiff prices, and when the use of money is measured, especially just now, precedent teaches that it does not assume to itself an unnatural value. It is obeying the natural laws of trade. It is acquiescing in a condition that returns and dis- appears annually. Itis moving in thorouchly le- gitimate channels and on a basis which thoroughly accords to the peculiar seuson of the year. The only misfortune is that there is just now mot quite enough of it; yet everything points in the directfon of an abundant supply, and before thirty days have passed we shall, in all probability, find currency a drug. Hoarders ‘Will do well to note this fact. The panic, so-calied, is “among the things that were,” and no man can. benceforth efford to’ keep active capital in a safe, Ourrency is like water. It must findalevel. The public tide is on that bevel now, and that man is @ coward and a social drone who refuses to recognize the monetary influences working both for his advantage as an individual and for the pub- Hic, Commercial paper ts quoted at 15 a 19 a 21 a 24 per cent, according to namo and maturity of bills, FOREIGN EXCHANGE ‘was firmer, prime bankers having advanced thar rates to 1073, a 108 for sixty days, with actual busl- mess at 107% a 1073 and 108% & 103% for sight. There are no symptoms of foreign disturbance to be reported, and in this department the producer, merchant and exporter may well take courage. We No longer havo a crisis, THE PORBIGN MARKET Presents no features for unusual comment, Tho market has been strong for American securities, ‘The amount of bullion withdrawn from the Bank Of England to-day on balance was £00,000, There has been no further chango m the bank rate. The fate of discount in the open market for three months’ bills is 4 11-16 per cent or 5-16 per cent be- low the Bank of Engiand rate. The following are the late quotations:—Congois for money, 9234 ; for the account, 92% & 02%; United States five- “twenty bonds, 1860's, ot, 057%; 1867's, 96; new “fives, 92; Erie, 424 & 49%. Paris dospatches quote rentes at 656f. 550, In Frankfort United States five-twenty bonds are 07% for the issue of 1962, In Amsterdam the following are quoted:— Central Pacific first mortgage, 82; Union Pacino Grat mortgage, 65%; St. Paul preterred, 64); Northweat preferred, 65; Union Pacific stock. 19%; Minots Central, 0154; Erle shares, 46. American securities atrong. RAILROAD BONDS, ‘The bnainesg in this class of pequrities to day was NEW YORK HERALD, bb byortets: OCTOBER 7, 1873.—TRIPLE SHEET. uetive and encouraging. We note sales at the — Rock It isa syle yingoh A Pel. tack and Western... Pacific Railroad, first mortgage, 7534 @ 7534 @ 75% 5 lanes Union Pacific tens, income, 64 & 5334; Lake Shore smere Unie dividend bonds, 89; Chicazo and Nortlwestero | Northwestern consolidated, 86; Delaware and Lackawanna, first nee on a. Central Pacific gold bends, 9334 9 9%; Union mortgage, 100; Delaware and Western converti- ble, 96; Great Western, second mortgage, 81}; Pittsburg, Fort Wayne and Chicago, first mort- gage, 104; Pittsburg, Fort Wayne and Chicago, Hoston, Hartord and C. second mortgage, 98; St. Louis and Iron moun- tain, first mortgage, 95; Ohio and Missis- sippi, second mortgage, 79; Milwaakee and St. Paul eights, first mortgage, 104; Milwaukee and St. Paul, first mortgage, La Crosse division, 85; Columbus, Chicago, Cincinnati and Indianapolis, first mort- gage, 99; Colambus, Cincinnati and Indiana Cen- tral, first mortgage, 83; Boston, Hartford and Erie, first mortgage, 24%; Columbus, Cincinnatt | 4999 Un Pao Ist 10) Pac M 88 Co. and Indiana Central, first mortgage, 83%; Ohio and Mississippi convertible safety fund, 89: Toledo and Wabash first mortgage, St. Louis division, 82 The latest bids vere as follows :— Tol & Wab ptm, sth fol & Wab 2d Erie sth m 7's, "8. Erie th a) 7 25. mg Dock bonds, St Heat Rosy td 6f, 85. oP Had Riv usa ita m, "75... 95 ap as Ib Susq fini codon 7 Mich Cen Ist ui 8's, ’82 6105 Chic, Bur & Q 3's, ist. 108 Mich co 7 pe. 2d m. tsa Pacl ¢ 7's. Lavon P income 1 & W, con., Sola Wad Istto Ce The Central Pacific Raliroad earnings for Sep- tember were the largest for any one month since | 49 the road waa opened. The following is the com- | 100 parative statement of the trafflc:— 3 For the month of September, 1873... + $1,392,125 |. 600 For the month of September, 1872... 1,254,688 | 108 For the month of September, 187 Increase this year over 1872. Increase this year over 1871. 896,204 | 1 Earnings first nine months, 1873. 10,183,178 Earnings first nine months, 1872, 9,307,444 | 10) Earnings first nine months, 1871. ,9te.a74 increase this year over 1873 Increase this year over 1871 GOVERNMENT BONDS were firm and in equally goed demand as that SiO Tas cate which marked the.closing days of the week. Five- twenties of 1865, coupon, sold at 118% a 11344 a 11396; Of 1867, at 11434 a 1144 @ 114% a 114343 ten- forties, coupon, at 110 a 11054 a 100%; sixes, regis- terea, of 1881, at 11434; 1862 at 10834 a 10834; 1864 at 10944; 1865, registered, at 109; 1867, registered, at 1134. The following are the late quotations:— United States sixes, 1881, registered, 11434; do., do., | 3000 coupon, 11434 & 114%; do., do., five-twenties, cou- | 14000 F Pon, 1862, 10334 a 10334; do., do., 1864, 109%; do., do., do., 1865, 111 a 1113; do., do., do., 1865, new, 118% o& 114; do., do., do., 1867, 114%; do., do., do., 1868, 115; do,, ten-forties, registered, 109; do., do., coupon, 109% @ 110; fives, 1481, coupon, 108 a 110345 | 45 Pactiic Railroad sixes, 111 a 11134. can SOUTHERN, SROURITIES os * mi} The principal trafaactiongs of the day were in ig new Tennessee sixes at 74; Virginia consols, sixes, | 1 at 48, The following are the late quotations :—Mis. lo. do. souri sixes, 873;; Missouri sixes, Hannibaland St | 10N roe 10 Joseph issue, $4; Missouri sixes, Asylum or Univer sity, 84; Tennessee sixes, old, 7334; do, sixes, new, 74; Virginia sixes, old, 86; do. sixes, new, 40; do, sixes, consolidated, 48; do. sixes, deterred, 93¢; North Carolina sixes, old, 22; do. Funding act, 1866, 17; do. do., 1868, 17; South Carolina sixes, 28; 260 do. sixes, January and July, 11; Louisiana sixes, | 100 levee, 5233 do. eights, levee, 65; Texas tens, | 0 1876, 80, 300 THE GOLD MARKET, 400 Nothing new was developed in this direction, | 200 save the action of half a dozen operators shrewd | 1 enough to see that a mistake haa been made in | 100 the Associated Press despatches, which reported | 100 a8 probable a larger arrival of specie during the | 1 present week than has occurred. The sum total of gold received thus far has been only £181,000. | 49) This in the face of the report that the steamship ty Adriatic alone would bring $1,500,000, Her sum | joo total amouhts to £35,000, The market opened at | 19} 110, receded to 10034, but recovered, and thereafter | 109 showed steadiness at 110 a 11034 a 11044, The rates 4 paid for carrying were 2, 8, 1, 5, 4and 6 per cent to | 400 flat. The final rate was 6 per cent for carrying. The fluctuations of gold to-day were as iollows:— | 50 P, Ho ae P.M 2:55 P. M 12:54 P.M: The operations of the Gold Exchange Bank to- day were as {ollows:— Gold balances. Currency balances Gross clearances... CLEARING HOUSE STATEMENT. Currency exchange: OQurrency balances. Gold exchanges. Gold balances. BANK SHARES, The business in this line has been unimportant, but we quote as follows bidding prices:—Manhat- tam, 146; Merchants’, 115; Union, 125; America, 130; Fulton, 130; Leather Manofacturers’, 150; | 18 Metropolitan, 120; New York County, 180; Fourtn Pod National, 100, 100 THE STOOK MARKET. ey The features were Western Union, Rock Island, | 200 Lake Shore, Union Pacific and Pacific Mail, The mY former opened at 0934, receded to 70, advanced to By 734, reacted to 105;, and still later sold at 72%. | 200 Lake Shore sok! at 17% a 700 77% @ 77%; New York | 18 Central at 94% a 95 a 9434; Rock Island at 05 a 94 896%; Ohio and Mississippi at 20} a 30% a 20% a 80; Northwest common at 45%, @ 4544 a 45% a 4534 8 456; preferred at Tl; St. Paul common at 35% a 8434 & 3534 & 843 @ 85; preferred at 5854 a 59%; Wa- Dash at 48% @ 4934 a 47% a 4016 2 48.048%; Harlem atllig & 116}¢8 117; Panama ato9a 100; Dela- ware, Lackawanna and Western at 05; New Jersey Central at 98 a 02% a 63; Michigan Central at 76.4 763g; Hannival and St. Joseph common at 26 @ 2434 a 4; GC, CG and L O. at My @ @ 5% & 23%, and Union Pacific at 2% ao 21% & 20% a 20%. An influence whieh strongly bears upon the stock market, although indirectly experienced, ts the strength of the banks. As these decrease the loan certificates—which they again did to-day to the amount of $820,000—the ability of brokers grows stronger. Every dollar of setule- ment thus effected practically adds to the strength of the specolative situation and augments the faciiities of Wail street in the transaction of its as Enea Ss SSE business, The bar erected between banks and | $2000 bankers, however, during the recent panic has | 10000 stimulated the discussion of the question whether | $B) the latter shonid not have a Otearing House oftheir | 6000 own, and tt will not be at ail surprising if they, in | 30% the assertion of their independence—and there are | 2000 no more independent men in the world than the 8 men on 'Chango—sould detormine to ostabiisn a | 4? bank of their own, where business oan be as safely Bg and conveniently conducted as under the present system. Their transactions are variously eatimated | 200 to amount to from seven hundred to one thousand | } millions a year, Measured by the par value of the 3 stocks they handle, and it would not seem to re- | 50) quire much determination or money on the part of By brokers to plant themselves in a position where | 30 they wilt be entirely independent of institutions | 40 which only draw the median line between the 0 merchant and speculator in timeof trouble, though always glad to avail themselves of the profit of both. <4 THE COTTON MARKET. On ’Change to-day cotton on the “spot” was in 1 better demand, with prices ruling steady. For for- | {%, ward delivery prices advanced Xo. per Ib. for this We month and 6, for the later months. Flour was we quiet and steady, Wheat and corn were in fair we request and drmer. ev HIGHEST AND LOWEST. iw The following were the highest and lowest prices | su of stocks to-day :— ® Highest, Lowest. | 5) N. Y. Central and Hudson, con, 3 94% | gu Lake Shore. ..+-sees- ty ‘Vika | a0 100 H & st Jo RR 100 Han & St Jo Rit pe Roard—10:30 A. M, 100 shs es RR. 3,200; fo4 iwoan at wv Ke cht nt iat 106 TW ek O 2d... 98 Siete E rang Be ae, i ry do. i00 iB od be P. M.mitefore 100shs L 8 & MSR! 12) Panama RR. 1 Un es RR. 10. wd Par SSlosa Scegeteecsee reoet i emza a =] 2 SstSSe8 SEs Eas' ate en Wk it AMS 3 ver ew ta: 400 Bost, HW & Erie ie 1% li) M & St PRR.....b3 i 190 Ohio & M it 200, do... CLOSING PRIGES—3 0 OCLOOK P. M Western Umon. n S iw ag | gusta fF asae Si NG h & N . 9% 4 CUENW pre Tea ne N J Cen, Mg @ 9536 961; Us Rel nad Ree fie Ma NY COMMERCIAL REPORT. Cotton in Better Demand and Firm— Flour Quiet—W beat and Corn Firmer— Oats Higher—Perk Dull and Nominal— Lard Easier—Groceries Dall and Nomi- nal—Petroleam Nominal—Nava) Stores Quict—W hiskey Lower. Monpay, Oct. 6—6 P. M., 1873, There was afurther perceptible increase in the Movement of merchandise to-day, and in somede- partments there was cousiderable activity, On ’Change flour was steady, but not very setive. Wheat, on the contrary, was active and higher. Zhe demand was mainly for shipment, nuotwith- standing the contract deliveries were considerable, In suture contracts ne-further business transpired, but the whole market was firmer. Corn and oats were also firmer, the latter being decidedly so in consequence of continual scarcity, and a good demand, Whiskey was lower, with free sellers at the decline. Pork was still quict and entirely nominal. Lard was about steady. Freights were very firm, with free offerings. Cotton met with @ tair demand; asteady price for “spot,” and anad- | vance of ic. a 4c. for futures Groceries were dull and nominally steady in value. Petroleum was dull and nominal, Naval stores were quiet, with values ruling about the same. Corrzu.—The market remained dull for all descrip- tions, and prices, in the absence of sales, were nominally unchanged. We quote:—Ordi nary cargoes, 20c. a 20ic.; fair cargoes, 2c. a 2lc.; good cargoes, 21%4c. a 213¢e. ; priine cargoes, 21340. a 22e,; extreme range for Jots, 2c. a 22c., gold, per Ib. 69 and 9 days’ credit. Java government bags), 23340. a 24Xc. + do. Grass nats), 2c. a 25¢.; Singapore, do., 2iigc a 22e.; ad Maracaibo, 2lc. a 223¢c.; Laguayrs We. a B10, 3, Bt : eeage ge oe 2 a ce Fis} a ; Ja Be Ports Toe M. Ary Dar, 2 2c. ; Anko:sira, ‘Curacoa, co 8 Credit Corrox.—The market for spot cotton was firm. with a fair demand at former prices. Future deliveries were moderately active at an Improvement of 3c. lor October and 44c, for the later months, ciosing, however, with more sellers thau buyers. We quote: 07 Alabama, New Orleans, 21, 14, tog ae a 18 19) 19 193 20) —The quotations are based on cotton in store running in quality not more thi anita Bede above or below ne ‘ade quoted, The i= th eee met Bow. Sat, Evening, Total 1,233 1,233 ‘505 3 ‘58 Totals. 3 ia Included in'ihe above are ido yates to arrive. For’tu- ture delivery (basis iow middling) the sales have been as _Seturda: evening, ‘after one o'clock— setae 7 So “at 1? ls-aee. ; January, 100 at 173 To- duy if to three P, M.—October, t 0 ati7 iv.d2c., U-lée., 000 at fou, 0 ia, 17 1-80, Boy at 175 aise. 1 en abv ati? 5-S2c, 5 100 i F404 t T-lée.; January, t TSC. Total, 6,300 bales, Grand to.al, 4 bi Rates on cotton to foreign ports closed ag tollo ‘o Havre, by steain, 1 1-l6c., compressed; no ws gail. “To Bremen, by steam” 13%. To Liverpool, by steam, 34e, @ 7-léc. ; by sail, no} FLOUR AND Gas eve!ots—Floa 18.677 Ula, wheat, 451,02 bushels; corn, 64,083 do. ; oats, 12,225 do. ‘the flour market ruied ‘quiet but stead ve sales, including all kinds, foot up about 8,200 bbis., at prices within the ranse of the appended quotations.’ Corn meal was quiet and steady; al ies ut 200 bbls. changed hands at prices within he rage of the subjoined quotations. We quote ;— 0, Eien Wenorn. Exira Minnesota, Round hoop Ohio, Round hoop Ohio, Family t. Lou it. Louis, straight extra. St. Louis, choice double ‘extra. St. Louls, choice family. Californt Rye flour. Southern, Southern, supe Bouthern, extri Southern, family ome alh 2 eee mace * mi st reabstasanaasetataaes 6 FP PPE PE D> POPPER EEeeenErerp| Fliheat was ja stood demand, and tiie inarkes was & trifle tirmer, closing at $1 40 a $1 44 for No. 2 Chicago and Milwaukee; $1 (0a $1 65 for good to prime red aud amber; prime spring was held arm, (u large pro: ipts going in store and considerable on contract. The ales were about 25,000 bi $1354 $187 for No, Sand ungraded spring, ne or mixed, $1 3g a'§1 «0 for No.2 Chicago, $1 441 2 Milwaukes, $i 6 for Tuinow winter, “$1 63a $l 6 ter ‘winter red; $1 75 for white Michi- gan, and for fancy fowa spring. Corn was firm, In (plimited | request. | sales aggreg: vont about bushels, at 653¢c. x tor best loads of sail mixed; 6/c. a 67!<c. for hi to yellow in oat! ious; white was held “nominal Gats were in modefate deuand aud dect-edly ig her: The sales were about 40,000 bushels, at 63c. for old West- imlixed in store, 86c; a b6c. for mew do. atloat, and & ye. for Goud to choice white, on the track and ley met with a tair demand mreatting ix sales or ti) bushels ofs0. 2 Chica (0,t $1 43, Kye was nom- inal, in the absence of sales, but held with Zonsiderable P on See teserua) Rekha fe | fois fait to- ay, ai regular rates, particularly for gra comedmtiony The chartering tReulty wes fate ut cut Heady rates. The engagements were :—To Liverpool. b: chieese at Gs. 80) Uoxes bacon at Hk. 000 bushel i Seo 8 Felbe. 18,00 bo reealar at 224, ‘snd 600) pus 00 bla four “at $s. 64 2, don, pte hels sa Ly bie. dour Sits. No srietol by stennh, 16000 busketa'genin frawaeis terms. To Rotterdam, by.sail, 8,00) bushels ain at 154. The charters include :—A Norwegian fence Cork for, orders, | 28) quarters vals Su. Bt: direct French port, 2,00 quarters grain, at 1s a British brig (relet). now at Skndy Hook, trem Baltimore, to Cork for orders to the United Ringdom, 21W0 quarters grain, 10s, 3d. a German bark, flaca in she Gerth for Rotterdam, to take several caiety at. current rates; a Swedien bFig, hence to salonica, 7,00) cases refined at dsc. ; a Portuguese yrechoonery hence to i ‘of refinod do., at 4 Norwegian trig, hetiee 40, Cork tor orders 40 the United Kingdom, Pt pin naphtiw, at ke 6d, with privilege of Conte: ntal ports, at 98; a x Normépin be bark, trot Philadel- pile to & Continental Diteh, #000 bbls, Fenned petroleum, at Movassas.—The market continued dull with. transae- tions confined to smail, unimportant jobbing lots, which Fealized stoay prices” We append former quotations as fol fop—Ouba, centrifugal and mixed 2e. mre, ; do. “auayes, se Beja, » renning, Ge. | do, dei. groce 24 Porto’ Rico, figlish Leland. Soe. & Sec: New ew drieana, 6 * Navan Webra cothe anerket fot spirits tu pentine has been rather wet and the value aaier, mer. Shantable offer closing at d0e.. eas Sits t ‘ash. ined r as been in improv, and the price held pretty stro ed mth Bales 2001 bo noe a $3 84, ost and droig it pole scenes. Pind 750 free or "In tne grades ve yey No. lat jolly nominal, Pitch in moderate job biny Mend stead A$ $325 a $3734 for prume cf bing demand ly $39734 for py ity PErRoLkou.—The market for refined continued inac- tive, with values nominally steady; quoted at 170, a I7ige, spot, 16%0. @ 180. for last halt of month, and. 16c. a 164. tor new delivery, Sreteak mn bulk, was moder- uired for, but without ately leading to reported trans- action: noes obec forearly delivery at » tor been Cases were neglected but ays held atzk mer rices tor small lots. opps Be ned ut We. tor city. ‘Dil ja- phi aokat tea aul aod nomin: unchanged, Re- fined ‘quoted at yg for Lenape ot orauent and 160. for aoc gpaes, eo 2,000 bbls. of re- fined a tas ago Tmonth slew ‘York, at 10%. T Hadelphia. for October at 1640. meats, 831 eae ket comun ed al ana entirety nomi. <6 Pel ¢ marl et contin' placed to. the bal Lor round lots, dap it 1s. at alee 125 bole prime mess at $16. held at stead ices. market lor Western se le cones, embrace 166. ay 1,250 tierces for. October } 70) tieroes for B November at 8 Glee. n Bice firm, sales io for ‘plain mess, be uk i ad 17 a $20 for prime do., tierces, an lerces. f hams were quiet a oh ghanged; quoted ‘At from $18 a $26 0, as extremes for bes yg yathern to ahd ori heh ware Hopet Bead ‘8 9 wost, anged. We eh ‘tales of 100 smoked hama at Iiice, aie 35 cy 400 pickled shoulders at ‘odd Ihe! of bellies It Ibe avers dsr an a he srantee, tte et wa for raw sugar, hi yon basis of 730. @ Bo. for sire ing. No sales of con ‘were reported, fined was dull at att we yf Fy & lige. for extra, bt for standard A lyge. for ‘Crush “nd ewiered an na tice tal Spooks iba— Re tins 10 be o Te a Sood far, The. aie a Bl teehee an a gprs, body and Dutoh ant TAS nce 8, To, a Tha. die HD to 1S Sea Bees’ to 15, B&e. Ke. “4 » a8 nee 0 Oe. {fen 16 to 18, § fc. & 10>. do. fe; tom ite, Uc. & ce fn- ens Sa Airosery. tal to chuice, ndard, Noa, 8 hh —Duteh standard, Manila-—Saneriar and exira superior, 7c. & Kice.—There bas been very litte demai either domestic or foreign, prices for whic a hanged. The sales toot wy ticrces of Caroling, at 380 bay a Fatns, at Tgc. & Te. 5 tisrcos choise spot and t erie Hr ord W000 the ie arrive, at 8%c. Inj hids, at Bic, to arrives and Bue,” 0 Shag fer ‘Vattow was Atm, but quiet, with 30,0 lbs. sold at Tio. Ze Fa — sz a Bisc. for 0 chaice. ea Nisxey.—Recelpta 5 bls. The market was quict and prices lo Bales, 150 bbls, at $1 yy ae dea 8 $1 05, and 69 bbls, DOMESTIO Q MARKETS, Gatyeston, Oct. 6, 1 11 9gfon—Estimated net receipts, 00 hates” Bock, New Onreans, Oct. 6, 1873, Cotton firmer and in good demand; middlings, Ise. a es Now middlings, iPe. a 7c.) sirict ond ordinary, 1c. & 1O%C. Net rece tom, et, Gross, 1,482) Exports—To Great Britain, 4,804; coastwise, 1,433. Sales, 1,200. Stock, 24,606. SavANNAM, Oct, 6, 1873. Cotton firm: middlings, 16xe.; currency, IPsec. Net receipts. 2,73 bales, Exports coastwise, 70k Sales, 708 Biock, 1,661. : Most, Oct, 6, 1873. aut i Oe ery. Sat ba rt Ic, 1B iy Bo dlings, 4c.; stri rs rdinary, ¥} pts, 12 “bale <brports empl 478, ‘Bales, “a0 Siok: Cuantestox, Oct. 6, 1 Cotton Arm: middlings, 16%e. a 17e.; low ald 16\c.; strict good ordinary, eC. 3° ae Fes bales Groas, 1,087. Exports coaatwise, 2\ RY Stock Wituineton, N. C., Oct. 6, 1873. Spirits turpentine steady at S6}gc. a S7c. oh quiet, wil wn et reported, Crude Ta sales. Tar quiet at Flour steady: sales of 1,900" Duis’ nt SP 10 tot Noe 2 $5, 75 for amber winter, $9 50 for white winter, soe jouble extra, Wheat auiet; sales of 1,00) bushels No, 1 Milwaukee Club, as $1 45;two cars do. at $148, Corn quiet sales of 2,000 bishe atélc. Barley firm sales of (000 bushels prime Canada at $1 $8. ; 14,000 do., to a ac $180. Cornmeal, 31138 for bolted, $1 20: foF. unbolteds per cwt. Milifeed steady; shorts, # i shipstutts $19} middlings, per fon. Canal ' trewghis:—Boat scarce an e rates on Ae firm; asking to New York; lumber to the Hudson and | D New York, Railroad frelzhisrlour, to F; Hadelphia an Boston, (0c.; to New York, Se. ; to All Re- Panga ae aaa ay hy ED oa if jeet of tumber. Shipinent 18,000 busheis oats and 598,000 (eet of lumber. Burvraro, Oct. 6, 1873. Grain tn store—Wheat, 512,951 bushels; corn,” 489,(21 do.; ain, Sh200 dav; barley, L116 do.; rye, 119 do.5 Baie ‘do. matty 49) Lake simperis—Flour, 7,90 hea 8 basa Gorn, 82,789 do; oats’ 38 riey, 39,000 do.; peas, Sodan ‘Canal shipmenis— Wiveat tsar bushels: corn, cua do. ; oats, 9,565 do. Rail exports—Wheat, 34.400 ‘bushels; corn, 26,898 do. ; outs, 2767 do, Caual freights steady: wheat, 131 corm, fie.t oats, 74. Grain market dull and unsetiled, only sales reported nat 4 000 bushels of Chicago Nova 2 | spring mbeat at $1 24, 30, oo do, So. 2cora on private terms, 8,00) do. at 3,000 do. high mixed corn at Sc. and 1,200 do, at b4e, Other articles unchanged. Toxo, Oct, 6, 1873, Flour dunt andunchanged. Wheat dull; ‘Amber Michi- an. shot, at $1 99H; November, $1 44lq: December: 1'3;"ho'a ‘tous oust $1 S55; November, orn. oll; high mixed, ‘cash and October, "Os 3, low mixed, #7c. a 473gc. " Oats firm; sales of No.1 at 803¢c. a Wc. ; No. 2, 38igc. Freights dull and setae Recel fae 11.600: bustiels wheat, 15,00) do. corn and. 400) do. outa Shipments 40.9 pols flour; 10,00) bushels Wheat, 45,000 do, corn and 43,000 do. oats. ORtAAg Oct. 6, 1873, Flour—Demand good at full prices for shippiug grade which are scarce: sales of good to choice extra spring al a $6 Wheat steady; sales of No. Bs ye an No. 2 ‘spring, $1 0536. cus vember; No. 8 spring, $1 01 oF 9,194. 40% ve 2 Oats “active and ‘higher; 38e. cash, 85%e. bid, seller Novem d. 29!20. 300. ftye active and higher, at ase for No.2, Cecily ‘in ‘good demand, at $1 30 for’ No. 2 fall; $1 05 for No. 3 spring. Provisions gulet, eld Grmly and generally at higher Prices, Pork sold at $15 cash’; $13 64, seller December, rd firm'and in fair demand, at ie. «70 Bul teats and bacon unchanged ; noth thng' doing 4 Corn to Buffalo, be. ; wheat to to t3—6,000 bbls. flour, ha bushels | Kingston, 182. wheat, 205,00 ae 000 do, oats, 4,000 do, rye and 27,000 do. be a Shi ment, 500 bbis. flour, eu bushels wheat, 281,000 do. corn, 75,000 do. oats, 17,000 do. do. barley, EUROPEAN MARKETS Lospon Money Maurer Loy —Loxnon, Oct. 6-12.30 P. M.— Console, for money, 2H: for the docount 924¢;, United States nve-twenty ‘pontia. Vasa: dtd, 8 Rew fives, 91% Brie Railway shares, ae ins Erie Railway shares, 0 P. Erie Wie slates, 3 SP Mire ‘allway sharos, 42%. Paris de- spatches quote rentes al 53f. 824e. .—The rate of dis- count in the open market for three, months bills is 411 16 Der cent, oF 516 per cent below the Bank of Englund rate. ‘the amount of bullion arene from the of England on balance to-di Cqnsols for money, 924g; for the account, Sogn United Stat five twenty bonds, 1869's, old, 967; 1867's, 95; new ‘ives, Parts ae aan et Oct, 6-8 PM. spatches quote rentes at Saf. aie, 8 F spatches quote rentes 1. 55c. d Hous Paris quotes routes at 58 406, Panis, Oct. 6—Rentes buoyant at 53f, 75e. Praxkvout Bourse.—Fraxkrort, Oct. f.—United States five-twenty bonds, 97% for the Issue of 1872, yetrenroon Corto Maurer —Livenroor, Oot, 6—12:39 P. €M.—Cotton—Sales of uplands, ‘new cro} shipments, on the basis of good ordinary at ® 9-16; do., new crop de- livery, LP. M— Cotten ‘he market is buoy- ant; ratadting biands, $d. a 9%4d.; iniddling Orleans, Sue ced. Males aaOnd betes incloding 6.000 for aceoe: lation and export. 1:30 P. M.—Sales of uplands on the | Basis ot good ordinary, shipted October and November, at 674d. ; do., shipped November and December, we yf do. deliverable October and November, on a } middil J. 3 P. Mo—Sales of u, iands, on the, ‘oasis of of iow muddling deliverable October, at 815.160. M.—Of the sales to-day 10,790 bales were aneetieate 6P, M—The shipments of cotton trom Boinbay- since the last report to the 6th inst. have been 9,000 bales. LiveRPooL Propuck ManKEt.—LivERroor, Oct. 6—1:30 PM Beet —Provistons, #25, 6d, per tierce for new mesa, Refined petroleum, is, $4. per yallon. Fvening— Gioverseed. tie £ ai for Amerioas rol, Commioe roel, Spirits turpentine, 82s. Od. per owt, puck xEr.—LONDON, Oct, 6-5 P, M.— Tallow, 438. a 43s. 84. per ewt, Antwerp Petnoeum Manket,—Antwerr, Oct. 6.—Pe- troleum, 403¢f. for fine pale American, $+ :: FINANCIAL, T REASONABLE RATES—MONEY ON LIFE AND Endcowment Insurance Policies, Mortgages and nee Securities Insurance of all kinds effected with bei companies. J. J. HARBICH = Co., 117 Mrocawer ENEDICT, FLOWE. & BANKERS AND Omg 6 meaner AEM Tons 8, BO. 3 ™ FACTORY. LHARGINS. INTEREST ALLOWED ON DAILY BALA E. C. BENEDICT, R. P, FLOWER, H. H. TRUMAY. —MORTGAGES ON APPROVED REAL ESTATE ew York or Brooklyn bought and gold on com. mission. Principals only need communicate, GEORG: B. WALTON, Not Oi Pit aircets Hatablished eight years. GAzte —MERCHANTS AND OTHERS Pea aS ng made by THE. GAZZAM COLLECT AGEOY are requested to deliver earme at the office of the Agency, in this city, No. 239 Broadway, oF to ita recor. nized ‘correspon: ents in other cities, This caution given to the public to prevent imposition by unauthor- ized persons, claiming to represent this Agency as can- vassers. POSIT TO-DAY. the Freedman's Savings and Trust Company, chartered by the United Sta No Ino Bleecker street, New Yor! ‘Assets over $4,000,000. 3 W, ALVORD, President, W. STICKNEY, Actuary. £30 GPLERY, Genoral inapector AM. L, HARRIS, Manager. Send tor circular. SiN. ZOILLR, Cashion AR. ii IXECUTOR’S FUNDS TO LOAN—ON BOND AND 1; “mortgage, on New York elty first class private Dwellings, in sums to suit, for five years. ye id ad. dress EXECUTOR, box 319 New Yark Post off F H, O°CONNOR, SPECIE BROKER, NO. 16 WALL +, street (Post office box 6,599), dealer in all kinds of foréign guld and silver cou. “Government Bonde, Stocks, &c.) bought and sold on commission. The highest paid for National Currency and Legal Tenders. OR SALE—A FIRST CLASS MORTGAGE OF $25,000 on Charleston city Property worth three times the amount, paying 12 per cent por annum; interest secured Beka Peopereys Address W. ©, Ky 2,080 Post- ice, New York SeounrrtEs AMOUNTING TO 0 €32,00, SECURED BY od of trust on te in New Jerse with mar- Fin of $1900. to Te aed” at auch wilt give pur Shaser 12 ‘per, cent yearly: sate aud good investment Address box 3,587 Post office. 0 PNEUMISMATICS AND CONNOISSEURS OF OLD English Gold Uoins —For sale, the following, in ine reservation :— PP Guineas piece, Charl 2a fauuet: piece, James Guineas piece, ae Ee a 09. 5 Guineas piece, IL. 2 Guineas pice, George, a "y niga A set. 1 Guinea piece, ‘Geo To veer at GUAM eRLIN'S, 1,146 Broadway, HITE. MORRIS & CO., Bankers, 18 Wail street. Bstablishod 1896, All cash orders for purchase or sale of stocks, rattrond aad and governments, at Stock Exchange, promptly Wet ‘buy and sell gold over our coenter. at Gold Room fondon, a free of commission ; and draw on City Bank, ndon, drafts of £1 and upwards. EB cian PPh) if Lf Brooklyn ieee Fok in this city and Broo! 4 also Second dand Leaseh old id Mortga ind SAWARD ‘EAVITT, ‘61 Wall street. bs led & JOHN O'BRIEN, BANKERS AND kers, 8, Wall street, continue to give their aiece ton tot e purchase and sale of stocks and Bonds commission, a poy ayy OR SOUTHERN RAILROAD Bonds or Stocks in enaeee for Real Estate, near i desir hi ill addre: i | sinsNindaetyecet Be Hssanse eek See $9, 000 WANT! IN FIRST MORTGAGE ON Store poppery, eas in New Bowery, worth incipals on! communicate. RONG Wow WALTON oe Bind street, room 12, ig ttyl fl sgt’ HOR TOACES, $6,000, : ee rales wel “tiaae SRESLIN, room 19, 267 Broad’ 65.000 aeakoAn. rae PURCHASE FIRST Deed Sty eeepecene gaortgagen on improved, snd sees 0 ol us ala 4 Wik BARTLES, & Wall stret | ga oe acea a ge im 4 purgnaesds c Cs Lie. fontauk ins Insurance Sompany, CITY HALL AFFAIRS, tee Bids for the Work of the Centre Market Armory—Special Meetings of the Com= mou Council—The Freedom ef the City Extended to the Evangelical Delegates, Yesterday being the designated time for the session of the Common Council, the Oity Hall pre- sented @ somewhat lively appearanee. Whoever had any ‘“‘little hatchet” to grind put tm an appear- ance. His Honor the Mayor received his usual quota of visitors, among them several votartes of Hymen, who came to be united in the holy bands of wed- lock. Messrs, William A. Laimbeer and Myer Stern, Commissioners of Charities and Correction, also called upon Mayor Havemeyer in relation to, extending an invitation to the delegates of the Evangelical Alliance to visit the various publio® institutions, as-also the schooiship Mercury, In the other departments only the usual ‘routine of business Was transacted. The Committee on Armories of the Board of: Supervisors held a short session yesterday after-* hoon. ‘Twenty-five bids for completing Centre Market Armory, were received. The ‘apes bia’ was $7,600 and to furnish the iron work, the ma $1, plumbing’ work eo % $1,547 27, Ly est $1,361, lowest $1 paintin, a, | fienent 1,500, lowest $065, ate mal work have not been made mace Board of Aldermen, A special seasion of the senior branch of the Conte mon Council! was held yesterday aiternoon in their chamber, Alderman Vance presiding. The call to Convene the meeting set forth thatat the present moment we have in our midst oue of the most in- fluential delegations, gathered from every part o8 the habitable globe, attending the Evangelical Alliance, to whom it 1s due and proper to extend Le ro boapisetties and courtesies of the great Em- ire City. His Honor Mayor Havemeyer trans-. Bintad to the Board the following Snamneners To mx Hovonasie rae Coxuon Couxctt: GuntieMEN—The Evangelical Altiance,. "compose: delegates Tronr-various, Christian bodies througvons tie, world, is now holding a Couserence in thiscity. Th amembly Includes, gentiemen from Canada, Europe an other foreign coun| who seat Positions of one snd responsibility, and dre eminent ar home and abro tor learning, piet¥ and active beney Among the: Subjects in whieh they will naturally ‘cel el w deep ines gud which will oocupy their attention, ts our meth al fe, claes of the unvertunate and cr.ink- hal among as inany of these men for first, and perhaps for the tact, dime visit the elt city It weomet proper that the people of this city, through their repre« niatives should extend to them ‘an invitation to visi our jusily’ celebrated public institutions and acquain themselves, as taras possitle, with their practical opera tions. Asmany ofthese delegates come from, nation.) ties in which @ large proportion of our own citizens wero! reared, it is much to be desired that they should NOt. return to their firesides with aay exist pre} jpgicest against our form of government, with pleas memories and pene: Tespect and Saleen for the lat land that is now the “home of their countrymen, and wits} which the portions of the world they eeRresent are so closely identified by social ar commercial WILLIAM ¥. HAVEMEYER, The reading. of the message being concluded, the motion of Alderman CooveR to receive the come munication and print it in the minutes prevailed. Alderman Morris then offered the following’ resolution :— Resolved, That the Mayor be requested to invite. the delegates to the Evangelical Alliance, on behalf of the Corporate authorities, to visit the public institutions, ag the guesie of tis clty,'at sach time as shail be couvenient em. There was an evident desire on the part of some of the members to “orate” a little on the subject. Several amendments were olfered, among them one to extend the aforesaid hospitalities, &c., only to the foreign delegates, inasmuch as those of this Souk. have and enjoy every privilege of Ameri- can cit tenets ‘The devate, however, “simmered down” rapidly, The resolution was adopted and the Board ad» journed. Board of Assistant Aldermen. The lower braneh of the Common Council held @ regular weekly meeting at two o'clock yesterday afternoon. The Mayor’s message relating to the Evangelical Alliance, acted upon in the Board of Aldermen, was received and acted upon. A great deai of debate was had upou the subject, in which Assistant Aldermen Clancy and Thorneil took @ leading part. The message was final'y received, ordered printed in the minutes and the resolution from the Board of Aldermen concurred in. A nums ber of papers of minor importance were acted upon and an adjournment effected, The Comptroller’s Receipts. Comptroller Green reports amounts paid yester- day into the city treasury as follows:—From taxes received on real estate and personal property, less discount, about $527,000. From assignments for street openings and improvements and interest, $1,323, From arrears of assessments and water oe and interest, $2,705. From Croton water. rents and penalties, $2,049, Krom rents, &c.—De<« partment of Public’ Parks, $165. From market rents and fees, $1,438. From licenses—Marshal's ofice, $52, From fees—Jadicial District Courta. $127. | Sales, City Record, $18. Total, $534,882, THE MAMMOTH BALLOON FIZZLE. Another Failure in the Cloads=—The Big Bag Breaks Down in Connecticut—The Pigeon Despatches—How the Balloon Hugged the Mountain—The Whole Details of the Voyage in a Nutshell. The transatlantic balloon, that was to sail so de liciously across the wide, wide ocean, went up, after some hard strugyling, yesterday morning, at nineteen minutes past nine o’clock. The starting scene was, as usual, at the Capitoline grounds, aud the acrostat was the same old bag, but somewhat diminished in size, that Professor Wise pro- nounced unfit for any expedition, Ddadly cons structed and rotten from the weather, Althoughi the mammoth gasbag was partally repaired and improved in its arrangements, so that some) sort of an ascension became feasible, the affair. arose to remain up only for a while and then fel prostrate again, a complete failure. Of course it was altogether too stormy yesterday, and there are other excuses to be given why the sixty-nour ais across the ocean could not be made just no ‘After rising the balloon sailed due east and after- wards in @ northerly direction, until at last she fadea entirely out of sight. Carrier pigeons were. kept in the balioon, and despatches were sent oy them to tell the whereabouts of the haghsi First Piagon.—Ten o’ciock A. M., Rye, Cs ec county. “A bailoon has just passed over is place.” | aaeone PIGEON.—Bethel, Conn.—The i coming on its trip this way.” Livny THIRD PIGEON’s STORY.—Bridgeport, Conn., Oct.! gat A. M.—‘The balloon has just passed over this ourrn PIGEON.—New Haven, Conn., October 6, 1140 A. M.—“The balloon has just pasded five mileq northwest of this city,” Firtu Pigron.—‘“In "the clo is,’’ 10:05 A, M.— “We are all very hap, PRY. Donaldson is cree, and Lunt is fixing his ballast.” Sixtu Pigkon.—Waterbury, 2 P. M.—“At a quar- ter-past one P. M. the balloon passed over the land Oo! Canaan, Conn., and at twenty-five minutes past one P, pene bag descended and the cats jumped out of it, The last pigeon that brought a sonia was Et unjuel from New Canaan, © It wi dated October 6—8 P. M.—“The storm. mont einen We have met with a terrible disaster. We fell on the farm of Mr. Charies Lewis, at North Canaan, ceoneee county, Conn., at @ quarter-past ong jock, it appears the balloon was trying to cross a medium sized hill in the above locality and began to hug the big trees and knock its uncouth ap- pendages against the projecting rocks, to the great. langer 01 the voy: rs’ limbs, who were shivering and shaking jrom the wind and rain in the nonsen- sical oid bag. Then Mr. Donaldson said “he did not Know what to do,”’ whereupon Mr. Lunt sn, ited “to open the vaive and let the gas out of her.’? They were then shaken by a gust of wind, and so violently that the good people of Canaan could not understand where the screaming came from. Donaldson then said, “Let us all jump out,” The bag was only thirty feet from the ground and* goon after only twenty feet above ground, Lunt jumped into @ treq and fell down roa the tan pena the ayieen Praenentond ito rr Wot r. Fora jumped oyt simultaneously, The des} farther describes Mr Lunt’s critical tion in the: air sweeping the cobwebs off the sky and asking Dona for assistance, Then Mr. Ford says, be- wai et resignediy, “I am sorry ‘about the reuney hope the bal icon will be found. We will Tae ay the ogra of the voyage to-night ant ring it down in the morning. Mig S.—The balloon has been found a mile front re.” Such is the story, mystery and curious train of ae us ich fad led Ahad (isk. ipa ascension yesterday, The vag h and for the, last time. ‘The next time Sp enneere is being tried better preparations will of Ma Made, and it 18 hoped the weather ase favorable and the Ie een ota please inoue bale joon will then sure sy cyeti J and without doubt will cross the i Anantle in sux! hours, 1t will be very nice indeed, TWO HUNDRED MECHANICS DISCHARGED PHILADELPHIA, Pa,, Oct. 6, 1873, The proprictors of the Baldwin Locomotive, Works have discharged 200 out of #,700 employ¢s., Considerable work has been done ahead of wme, and the locomotives will be delivered reek until] the middie of next month to the Pennsylvania, Railroad Company. ‘They nave delivered ity= five locomotives, and will make fifteen more when required, The reduction in the number of tana OF orcers b Parties whose position ain not are fant their fulfiiment, but mainly in the im the number of orders received.