The New York Herald Newspaper, October 11, 1873, Page 8

8 -NEW YORK HERALD, SATURDAY, OCTOBER Il, 1873.—TKIPLE SHEET. PININCIAL AND COMMERCIAL The Stock Market Improving-- Investors Coming In. THE $44,000,000 RESERVE. ——+—— What Secretary. Richardson Says About It---An Unequivocal Statement. IS THERE A HIDDEN PURPOSE? The Probabilities and Possibilities of Specie Payment. CAN WE RESUME? Money Stringent, Government Bonds Weak and Railroad Bonds Steady. WALL STREET, }, Fripay, Oct, 10—6 P. M. The stock martket opened with @ considerable ‘manifestation of feverishness, and it was evident ‘that the Board had not recovered from the per- wurbation of the day before. Later, however, it ‘took fresh courage. Prices were too inviting to ‘those holding capital, and the prospects for a Moderate advance were too tempting to warrant a withholding of investment. Hence a good business ‘was established after one o’clock, and those who ‘were shrewd enough to follow the legitimate Wall street rule, and bry on a low market, realized ‘handsomely before the close of the market. Many Tumors were floated concerning the intention of ‘the government and its use of the forty-four mil- lon reserve, which doubtless added not a little to THE STRENGTH OF THE SITUATION; ‘but, to the end that the operations of the street May not rest on a false basis or that speculation May not be misdirected by falsehood, we set at rest one rumor which it was believed exerted powerful influence. A telegram from Wash- ington to the HzgRaLp states:—"Unequivocally and positively Secretary Richardson says that not one dollar of the reserve will be used, except for the payment of the current in- debtedness of the government. The currency re- ceipts have fallen off, and they will probaoly con- tinue to do so, and there is no chance to sell gold. It may therefore be necessary to draw on the re- serve for weeks to come. The Secretary will do this as long as the government indebtedness de- mands it.” The foregoing is explicit and direct. Still, the words may HIDE A PURPOSE, and seven or nine millions of dollars thus dis- bursed for government necessities, may eventually find their way to the metropolis and do vast good among our banks and fiduciary institutions. As we have said before, however, the kernel of our financial troubles is with the people themselves, | There has been and is a needless locking up of | currency. There 1s a want of faith, of patriotism, of co-operation among all classes. To use plain words, there isan exhibition of cowardice on the part of moneyed men, the combined result of which is the present condition and a continuance of it, until they find by the reaction on themselves, as a commanity of wealth, the necessity of coming to the rescue of banks, the unloosing of their funds and a thorough exhibition of confidence, THE GOLD MARKET, The interest which attaches to the gold market evinces itself in watching the curious downward course that has been pursued for several days past and which promises to give us eventually the key note and solution of agreat problem. It has been warmly urged that the decline of gold is a material step towards the resumption of specie payments. With but thirteen or fifteen millions of available coin in our banks, a few other scattered millions and barely enough in the National Treasury to meet the payment of the national interest between this time and the 1st of January, it will be a nice calculation for those who are counting pn the great advantages to result from these low prices where resumption can successfully begin, how it is to be maintained with SEVEN HUNDRED MILLIONS OF GREENBACKS pressing for equai recognition, and where the country will end when the demand fairly sets in and the hoarding process is applied to coin which at the present momentis observable with reference to legaitenders. In otner words, as a simple ques- tion in arithmetic, it may be properly asked, What if, with all the currency that has been published, we are unable to meet the present con- tingency and supply the commercial want, can we reasonably expect will become of a real value which exists among us enly to the extgpt of, say, one-tenth of that currency? Will not you and I be tempted to store it away and | disburse greenbacks instead? In short, must there not be a vast augmentation of gold or a vast cou- traction of currency before the two extremes of present power and weakness can meet on a mid- die ground, and, by merging into each other, be- come fairly representative of a common use? Some men have said, “ABOLISH THE GOLD EXCHANGE.” Do it, and a dozen individuals will control a market that now borrows its daily prices from the speculation and the checks of a multitude. It is also intimated, as an evidence of the weakness of gold, that if the elear- ances were to-day made adjustable in greenbacks instead of in certified checks the preimium on the former would compel a reduction in the price of gold. Query—If by any possible combination of circumstances gold should be quoted at par how many days would pass before every dollar would be absorbed and locked up in OLD STOCKINGS by the money-getting men and women among our population of forty millions? When the merchant desires to pay his customs account where, after awhile, would he get his specte for the purpose ? How would government accumulate enough to pay its foreign interest with every inhabitant hoard- ing, asthe most tangible representative of per- | 4 sonal or public credit, every dollar of coin that he | an lay nis hands upon, until official facts and figures declare something like an equality between | the gold and greenbacks in circulation ¢ THE DECLINE IN GOLD to-day wae probably attributable to the announce- Ment of large shipments from abroad aud the | withdrawal from the Bank of England on Aweri- | ean account, The price declined from 109 to 108%» ‘With closing #ransactions at 108% a 108%. rates paid for carrying were 6, 7, % 1-82, 5and7 per cent, The operations at the Gold Exchange Bank were as faliows:— Gold Mearea Goid batances. 76,581 Currency balance: 1,080, 084 ‘The following is the Cleariug House statement :— Currency exchanges. Ourrency bilances 805 Gold exchanges 2,811,258 Gold balancer, 627,974 The steamsnlp Doran, from Bremen, which ar- imived to-day, vrougnt £136,000 in specie. TUE MONEY MARKET, A better feeling prevaiis among bank officers, j@nd 4 more encouraging tone is tobe borrowed from them than from the outdoor circles which Mrequent Wall and Broad streets, Indeed, @ broad Mme of demarcation has been drawn between the broker and the merchant, and perbaps @ more comprehensive view of the situation May be taken Jrom the fact that larger accommodations are be- ig extended to the mercantile community than to any other, #0 that money may not ve go hard | $26,783,000 pH: tuallysas jt is quoted for speculative purposes, We pote the rapge of rage as trom | 1865 at 10843, dO. new at 111% a 1113, The | } * 1.16 to during the greater part of te day, with closing rates at 7 per cent, gold ané currency. Foreign exchange is weak andlower, Prime sixty- day bills are quoted at 106% gnd 107% for sight, as nominal rates; but actual business was doue on the basis of 105% @ 106% and sight at 107. Cable transfers were offered at 107, Commercial bills, 1043g.8 105, RAILROAD BONDS. Railroad bonds were moderately active. Central and Union Pacific, firsts, were strong and in good demand, the former advancing trom 91 to 92, and the latter from 74 to 74%. Erie, third, sold at 93; Erie, fourth, 92; Great Western, second, 8144; Morris and Essex, first, 10254; Morris and Essex, second, 96; and Boston, Hartford and Erie, Mrst, 23% a 23, ‘The latest bids were as follows :— New York Cen 6's 78.. $0 Del, Lack & W, con.. 7's 9 Qo] & Wad Istm ex. New York Cen, oe sub. %, za (4 Wab Ist m, St ‘ol & Wabd con cony. Ens 4 thin 7s LS gt < cin ist Cy Ei Eri Long fe Cae: Harlem con m& Mich Cen con 7's, 1902, Pita AW ‘Fehte Chic, Bi ay Biren s@eChue 34, m.. 98) Pitts rt We peore # Clev & Pe, Bs: Oe a old Cleve C)P & Anew i Detroit, a & Tol Cedar mn Ast ma Chie BuncReMin kites Han THE FOREIGN EXCHANGE MABKET. Our cablegrams convey no items of spécial im- portance, the market abroad being quiet, steady and without special feature. The rate of discount of the Bank of England remains unchanged, at five per cent, although the rate of discount fur three months’ bills in open market is 43 per cent. The bank lost to-day by witndrawal on balances £202,000, all of which is for shipment to America, There is now en route to this country not far from $3,000,000, Late despatches after the close of the market reported money as plentiful, with the rate of discount in open market for three months’ bills, at 11-16 below the bank rate, Tho following are the last quotations :—Con- sols for money, 924 ; consols for account, 92%; five-twenty bonds of 1865 (old), 96% a 86%; five- twenty bonds of 1879, 9644 a 96%; ten-forty bonds, 91% @ 9254; new fives, 917¢ @ 924%; Erie railway shares, 413; 415; new French loan, 744 a 75 per cent premium. American securities are firm. In Paris, rentes are quoted at 57f. 90c. a 57f. In Amsterdam the following rates prevall:—Central Pacific, first mortgage, 83; Union Pacific, first mortgage, 653;; Union Pacific shares, 18%; North western preferred, 63; St. Paul preferred, 53%; Erie shares, 4434; Illinois Central shares, 89%. THE UNITED SPATES TREASURY. The balances in the Treasury at the close of _ business to-day were as follows:— Currency........ oe Special deposit of legal “tenders | for re- demption of certificates of deposit... OF Ghelnding | $30,948,400 coin certifi- CALEB)... 0.05 Outstanding legal tenders 359,190,483 The internal revenue rece y amount to $828,610. The Custom House receipts were $215,000, Further details of the Treasury Department will be found in another column, The Assistant Treas- urer paid out $28,000 0n account of interest and $61,000 in redemption of five-twenty bonds, SOUTHERN SECURITIES, Virginia consols sixes sold to-day at 48%, Mo- $3,632,312 11,325,000 79,819,898 bile sixes, Hannibal and St. Joseph issue, at 85 a 84% & 84%; Mew Tennessee sixes at 72 @ 72%, new South Carolina sixes at 10}, a 10, Missouri State sixes at 88, The following are the closing rates, unamended by above sales:—Missouri sixes, 88; do. do., Han- nibal and St. Joseph issue, 84%; do. do., Asylum or University, 85; Tennessee sixes, old, 73; do, do., new, 72; Virginia sixes, old, 26; do. do., new, 40; do, do., consolidated, 48%; do. do., deferred, 834 North Carolina sixes, old, 20; do. Funding act, 1866, 17; do, do., 1868, 1734; do. special tax, 10; South Carolina sixes, January and July, 11; Arkansas sevens, issued to Arkansas Central Railroad, 15; Louisiana sixes, levee, 5234; do. eights, levee, 55, GOVERNMENT BONDS closed weak and lower, being in strong sympathy with the declining prices of gold. Nevertheless, the market showed considerable activity, with ex- ceptionaily firm transactions in currency sixes, Coupon bonds of 1867 solid down to 1ll4%allla 110%. Sales were made of coupon, 1864, at 107; of coupons of 1267 at 112‘ @ 1124; Of 1881 at 107; ten-forty coupons at 10544 a 105; registered at 106 a 105, Other sales will be noted in the regular table. The following were the late quotations:—Unitea States sixes, 1881, registered, 114%; bid; do., do., coupon, 114 @ 114%; do, d0., five-twenties, cou- Pon, 1862, 10634 a 107; do., do., 1864, 10714 a 108; do., do., do,, 1865, 108 a 108%; do., do., do., 1865, new, 110% @ 110%; do., do., do., 1867, 110% 111; do., do., do., 1868, 1102¢ a 111; do., ten-forties, regis- tered, 10335 @ 104; do., do., coupon, 1053;; do,, do., fives, 1881, coupon, 106% a 1074; Pacific Railroad sixes, 11] @ 111. HIGHEST AND LOWEST. The following table shows the opening, highest and lowest prices of the day: Opening. Highest, Lowest. N.Y, C. & H. R. stock ee foie we 9035 a lem. 2 11034 aK 48% 47% tins hore Tig 73% 70% Wabash 43% 45% 43% Norviwei 42% 433g Ne Northwestern preferr ++ OF oT 65 Rock Island. 89 92% 89 Fort Wayne....... 86 86 86 Milwaukee & St. Paui. 81% 823% 31g Milwaakee and St.Paul pref. 56 56g Ohio and Mississippi. 2 265 New Jersey Centrat......... 9254 92° New Jersey Southern. 16 16 Union Pacwic 19% 19% ¢. and I. 29 4 22% stern Union 59 Pacilie Mail.. B2h9 THE COTTON MARKET. On ’Change to-day cotton was in moderate re- quest at @ decline of 4c. for lots on the “spot,” and isc. @ 3-16c. for forward delivery. Flour, wheat and corn were dull and decidedly lower. SALES AT THE NEW YORK STOCK EXCHANGE, Friday, Oct. 10—10:15 A. M. A... 107 $13400 UE 5-90, ©, "67... 112 *65...¢ 108% 5000 26 12 . Mask 1000 usoe 17 be lis 1000 107, 10 A. M.—Before Call. 1 shs Ls 4M 8 RR.c i 25. N J Cent RR. 2) Pac MSS Cc 1 do..... 100 do 200 Han & St Jo 100 Tol & Wab 100 ao 32% Board—10:30 A, M. $1000 Va Oe cone, 4 WBabaN TCHR RK.c 91 ‘6000 Mo 0's, HM & St 85. do. 9 2x0 do. HF 9000 10. COON YS a Wy Erig & im, 9 100W0 Erie 4th m 1000 Clev & Tol st 4000 Cen Facu'd bse ‘a Woy do. 1800) Bell & & th Ist 11000 Gt West 24m. Low Gal & ©) 2000 & & RI 3000 M“& Es 1000 Mor & Bi R 18000 C & Pir Ect 1) Chic & © 724 B00 StL & 1 + Be sooo W Un Te do. pe 30000, CC do: e 7 LB Ha ae 10000 “do a ay, 24 shs Manhi RB 10 B'k of Com'ree. 21% a) a0 . 50 Con 1 We 100 US Boa Witt: sa FH iecas so. @ 22115 to 2:15 $1000 US 5-20, r, cs ©, 31. P. M.—Before Call. 10 shsLS &MSRR.. 100 Rock Istand Kn...¢ 904 100 do. c 40) on Pac ‘RRS 50 Ls 54M 6 eR. 0. roo roe 6 30:0 Ohio 6's, 5000 BW & E st. 200shs Penn Coal.be 100 Con Coal of Md. bee 400 Wells 10 Americ 100 Pac at Ss Co... 10 Mich Cen RK.b Jug West Un Tei.b Boeins: 2 panei s aT Bz: a fee BS eee 2130 ae P. M. 100 shs NYC &HRR 30° ao. 100 Harlem RR, 100 Panama RR. By Un Pac Kee CLOSING PRICES—3 O'CLOCK P. M, Western Union. 8% a Quicksilver Am Me t's kxpress Pacific Mati NY Cen. Ohio & Miss! Han & sd Han & Erie Hariem. Lake shore ., Un Pac... COMMERCIAL REPORT. Cotton Easler—Flour Lower—Wheat and Corn Lower—Oats Lower—Pork Nom- inal—Lard Lower—Groceries Dull— Petroleam Dull—East India Goods Quict—Freights Barely Steady—Naval Stores Quict—Wool Steady—Whiskey Lower. FRIDAY, Oct. 10—6 P, M. There was but little change in the commercial status to-day, the markets being irregular as a general thing and rendered a degree more so by the further radical recession of the goid premium, which had a tendency to render commereial values uncertain and occasioning some important changes. The movement in breadstuffs con- tinued moderate, the decline of gold being adverse to the shippers’ interests; and, though breadstuffs, in common with almost everything else, were lower, there was no apparent dis- position to venture beyond" pressing exigencies. Flour wasdall and lower. Wheat was dull, unsettled and lower. Corn was dull and lower. Oats were dull, unsettled and decidedly lower, though some speculative paroteaee were made at 7 reduced prices. Whiskey regal diower. ‘Pork wasso enurely nominal tno one will even venture a guess as to its val Flew were, duil, but princes Gare Te aee catty 5 ric Gomon Wedin light reqoee a cee nee t request at easier prices ploum remained dull. aval stores were quiet, with apirits steady and rosin slightly Wool was moderai demand at unc hanged rises siteceipts tor the. pagt three d Pats continue in fair demand, in’ “abba Way ith prices ruling steady 26, Fearis were sull nominal. Ber.oine Marenlaun—Brick have Were Sanne Fequest, but prices remain uglondy, 8 follows: “3 y 36 do. ; cS Ree $7 25; brows, 41 B a ron ta, yuu dolp after, with sales of Rockland D Jump at $175. Cement cen a aaa A. ted at $175 per DbL tor K Nowan, und $3804 $6toe F gewwan ns, Males 8 negnest aud steady at $2 Cs onpack.—The mark y quiet, but prices lI sizes vi cig ie are rs sw Zealand cordage, 10ie: %y Ie. sobing way trade has been fair, but ate Pine ‘quiet. Quo lows :—Sperin, Soe wane, Sennen ee a Se. j hear, Corre. “rme demand hasbeen only moderate duri he Past “argc days with sales of 1UKGW Ibs of lake a 3 t t was depressed and nominal in bi on th tows gold, ‘uussiable exchange snd the ‘[deteased arrivals in prospect, Pricgs declined raid ie. & ise. lower under the tring Tnicnces ‘and ¢ closed wath the tendency still down i oe age Alabama, N. Orleans. Texas, Po os » i 14 iss ys Dy 17 iy 1% 1 1g 18%, 19 Good m 195 » —The quotations are based on cotton instore, running int aestty le a Sart am above or below the ade quot e les fone ™PDap Laut Boe'g, Teal Bx ‘port. , wees un ousumption. 4 mitra - 8 oh mM 1,509 lene in’ the ‘poove ‘are ‘39 bal For future delivery cbadls low middling) the sales haye been as follow: dou a! © im Bh chet donk Kaa itad® 100 aN Pe “ at I7d4e.5 Maroh, Jan ae partner, aa ih-ibe. 100 at 17%. Lota), 5,.00 bales, Grand to! Con he market continues quiet and uachanged: ue have only to note a sale of 1 peas of han Dtos, Ocean Ranger, on private term: ves Be ae Grdinary cargoes, Ye, adie. fair cargoes, Wig. ale Good cargoes, alge. a 21%e.5 prime cargoes 21 Re. ExtreureSraitge. for tots Me: k Be" golds per Ib. 499 Gaps ceadie: wave (grvemnmnent thas ah and (grass muats), He, a 2bigc.: Singapore, dor, 2c, 8 22 op Geylon, a 2c. ; faracuibo, Ne. a Big uayra, 2c, tie Jamaica, We. a Ze. ; imo, 19ig0. & 1Xe. ; Porto Rico, 2kgc. a 2c. ; - W Bz. j Mal We. @ 216. ; texan, ‘2 Lge. ; Mama, a2le.; Angostura, we, 4 2 Savanilia, 20% wie Curacoa, 2zc. a Z1ie., MBid, at eto 30 days) cred FLOR ted Grarn. a, 4000 done oath cea 300 do. cldeaty Power, more especially low grades. The sales since fast report were only about ey bbla., including all kinds, atprices within’ the range of the revised quoe tations, Corn meal was in demand and steady. ‘The'sales foot up 1,000 Les at $4 tor Brandywine, $3t5 ree on boa for golden ear $3 30 a $3 35 tor Jersey yeliow and |. $3 50 as Golden Star atioat, goods Western yellow, “We quote :— State. 20 @ $3 25 tor jair to 25 tg Supertine State. Extra State 650 a 70 Supertine Wi a Extra Western. 650 a 70 Extra Minnesota [70 a 900 Kound lroop Ohio, shipping brands: 65 a 700 Round hoop Ohio, trade brands. [725 a 775 80 a 900 70) a 750 ht 775 9 825 Bt Louis choige double extra. 875 a 950 St Louis choice family, 95) a 145 Californt nominal. ye four: a Southern, No. 00 a 5U0 Southern, supe: 50 a 60 Southern, extra, 75 a 8 BO Southern, family 50 a 1125 Corn medi, Westerii. 310 a 350 Corn meal, Jersey 315 a 350 ‘orn meal, Brandywine 885 a 395 Caioric. 340 9 345 Punches rc ii Rene ee, Eis paiheat was, duli, unsettled, and, Ye; « Se. igwer, clos nowinal at $1 1 hSS for Non 2. Chicago, $l dl a $1 4 Tor "Nun # afitwatiee, $198 a 1 61 tor gedeund aiaber winter. ‘The sales were about 100,00 Lushels (mostly car 1a at $1 30 a $1 34 for common to good No. § spring, 37 a $1 48 for No. 2 Chicago, $141 a $1 42 for No. Sti Sukeo, $1 44 for No. 1 iowa, and $1 4034 tor very choice So. i Niiwaukee spring. Corn was dull and lower, ¢ Losi: ine angot fe for prime, The sales were only about 1%0N) bushels, at 6 63g... Sle. for sally tmixed: tUe, a due. for steamer, mixed: white and yellow were ‘negieeted and: nominal Oats were unsettled and 2c. a 4c. lower. The sales ag- gregate about 0) bushels ‘Ni 8c. n Ole, Lor mixed, Sc. & ka for white,’ Barley, was scarge ‘and fi bushels sold, incloding Western at $1.00 and Canada at $175. Rye was quiet to-d. CG sales were SNeoted of 23,000 bushels of J thie: c. Furionts—The inquiry obec encour ohation com! tinucd moderate, with rates not essentially changed. Ves sels jor charter Were in gooa demand, both (rom the grain and petroleuin trade. Kates ior the former were rather easier, but for craft adapted for petroleum about former figures were paid. The engagements were :—To Liverpool, by steain. 10,000 bushels wheat at 135d 5 and by sail, 500 bbls. rosin at 4s. sd. To Loudon, by sat}, 700 bbls. flour, to fil, at 3s. 9d. ; 400 pbis, do. at 48,3 6 hhds, of tobacco on private terms To Glasgow, by steam, 0 bushels, of grain at 1d, To Antwerp, Sail 162 hints. of tobacto at 87s. 6d.;. 10 Gibraltar, 30 bales, of tobacco on To Bremen, steam, 600 cases of tobacco on private terms. The charters include & Russian bark, hence to Cork for orders, to the 5.000 quarters grain, at 8 wariers, do, sume Voyage and ra “9.400 quai fersdo. same voyage and rate: an Itallan bark (rele, 000 quarters do., same voyage, atts, A0sed.s an Austriat 2200 quarters do., vo an ftalian bark 300 quariers do., same yovage and raios ans trian bark. hence to 'an Adriatic port, 4,00) quarters grain, At Ss. Gi; a Norwegian brig. hetice, to a, direct Continental port, 2,000 quarters grain, at 4,8 British barks henee toa'port in the United Kingd mio 2,000 bbls. of Maphtha, at Ss., privilege of exteniing th the Con- tinent, at 88. 6d. American bark, hence to Antwerp or Rotterdam, 4,200 bbls. of refined petroleum, at $7s. 6d. ; German brig trom do. to Cork. for. orders to the United Kingdom, 170), Dbig. reflned at 8s, Mang son ESE og ROT gO an “hropricat bark, 625 ‘tons, hence to Uadiy, fall” argo of staves on private terms! an Atnerican bark, 780 tons, hence to Bor- eau. full cargo of tovacco, on private terms: a British bark (now at Boston) tron ‘Puuta hia to @ direct port, United Kingdom, 5, refine eran on 7s, 94., with privilege of the, Contineut at Serr ar Brita baci irom Ue. to London. 3,000 bbis. of refined do., at 7s. 9d; @ British bark to arrive, froin do. to Cork, for orders to the United Kingdom, 400) bbls. refined do., on Private terms; an American ship from do. to A 10,000 1s. refined do.,on private terms; ‘an American schoouer, from City Point’ tu Bordeaux, 490 buis, tobacco, on private terms. Rumored—A Britis bark, 655 tons, ‘hence toa Continental port, with @ cargo of’ petroleum on private terms. Gunnies.—The market continued quiet and nage Sales, in a jobbing way, were made to the amount of rolls of domestic cloth, at I3\c. We quote —Lomestic cloth, 13),c. for light and 133¢¢. AVAIAgS, Bor- neo and Gouripore, 13%. ; bags, 13c. Heme avy Jute.—For hemp the ‘market ‘continued in- quoted steady, at 10%c., pony and gold. Jute was in good supply and 4 dull, quoted 4%5c., gold. Jate butts were in fair demand and stea 4c., currency, cash. Sales, 3,500 baies, at 13c., casl Hors.—The demand throughout the pat three days has been only Soa with mrices ge uoted steady, as fol- lows: --State, or at ; Eastern and West- ern, Fore i ike crop 1872, bes 35¢. 5 old Olds, Be. ears "Callies Tops 1873, Dc. @ 60c. ; Bavarian and English, growth } 450 a 5c, ‘nominally: w.—The arrivals have been liberal and ‘AY AND the ee ind tair. Prices were ady ag follows:—Ship- pins hay, $1; retail quatities, $120 a $1 45; straw, Abc. a We. tor long rye, 6c. w70e. fOr short do., and Sle, a Sse, or 08 MOLASs¥s.—The market remains dull, with transac- tions confined to nnimpertant jobbing lots. Prices were quoted sieady as follows:—New crop Cubs, centrifugal and mixed, Be." do. elaved, Ze. a 38, : do. mus- scovado, meaning 23 . 1. RroCErY, B5c. W A5C. ¢ Porto. Wico, Soe. a 680: English ‘Inlaid 306 a 866.4 New Orleans, 6c. a $e. Naval Stoxes.—The market tor spirits of turpentine continued ed le OF No disposition und lots would not have in & jobbing wa: bbls. were placed at dle. Rosin wa quietgand ashade ensier tor strained | quoted at the close at $2.9 a $2 $5 for common 7 te I heard of sales of S16 puis. of common rained 2 75, 100 do. of fair do. at $2 80and 30 do. of No. Zat $5 ise Tar ang plech were neglected and nominal. Oit.— Linseed hagbeen in fair request, in a jobbing way, with prices about steady. Crude whale and sperm were quiet Cond unchanged. t with @ mn. air; h di ort demand. enbaden we quiet and a o cotton: seed remaine: 1, Jobbing lots, 9c, a $1 4 $1 701or : $1 50! natural winter, a $175 tor bieac 6c. tor northern, 6c, for southern. Ge row, and 72c. for bleached, an i7c. & 78c. for heed lots of w' crude whale, ue. for natural Ol, 70g, forsice-made, ‘winter. Menhaden, .Nomins Crude cottonseed, y. Prrroiwum.—The ‘mark et remained inactive, and Yalues nominal. Refine quoted at 1074c. @ Ic. for carly it of month and i6%¢. a 16%¢¢ Srade in acts was steadily he: id ds sed. Cases were er pre for anal, lots, We. Sales 2,000 bbis. ‘The Philadel poi |. Refined quoted at 16%4c. tor thi ‘Month, 1c. a 164c. for November and 15%c. tor Dece ber, At the oll producing points the market remaine: Provisions,—Recetpts—Pork, 14 bbis.; beef, 60 ae eH cut meats, 1,179 do. ; lard, 965 bbis. and derces, an kegs The nork market was weak and nominal at avout $16 87)¢ a $17 for new mess in jobbing lots, withone noteworthy (Ass bbia. Western prime Ly og a a] $16 0. Dressed bogs at from 63gc. a 7ige. p quiet. Bee: continued t and unchanged, davon Tow to the amount of 40 paehecer were placed, rices within the range of foll Ws; foe lain mess Fume, do, Dbis., $4.0 a $10; extra do. bbl herces, $17 $2). and Indi 32) 62's tere nd India do. hams were neglected and nominally, “stendy, at Frou Sis Fd on extreines tor common Bolthern to choice West- 1. We heard of pales of 100 boxes dry saited shoulder: rE 300 boxes ickled hams at 9) bs. Vellies, 1) Ibs, ave ie. tive for future Ly FY, pe Sales oe 1 December, a + 1,000 boxes short c! ‘cer. fit Te,7 0 boxewlong and short. clears Décotn er, c., and 20) boxes ae er on CT he. ic. 13M ogee Unk at Rae's Oe. 1261 ueregn Nv Foes, on at Bac, a Bee. ; jerces, Novem. Der, a nd BO th lerees, do, at 8 b-iéc. Butter and by rd “vin Pog fas bbing Inquii Hon Market steady under s fair Jot inautry, Sales 40 tierce of Olina at Be. w 4 oe H} ed Bt Tipe. n tke. and 280 bags of Rangoon as a irket for raw jeepyornued bg bid y,on the bi of ‘i nnd, Cut meats of es at aboot previous fyares De- nekied shoulders at 7 do, at 103e. ‘soon was ac-. chiety refini ba, Molasses sugar At 6ige. a 6c. change in price, continued ne Honning. iniertor common, i whde vate rereas 1d 648 bo: it rivate terms, am xen Refin p without essen a Ae quote —Cuba: CRG Sat 0 ic. f ka wi cmmon une c Saea—Duteh sqandards Nos. 10 0 1%, . Java—l 1 Be. A mc. Manila—Superior and ‘extra superior, 70. ber yh 9 market fhe steady under a fair in- i, babi a ar eae Sat kectinased ieee inactive and. nominal In the Absence of transactions, oth aul was quiet, but firml, es | Bele, at lic. whe ge) new; aan re at $3; roug! jax Was qui 3 rt; prime held Hats ta 7ho- joa a, ana gguernarar outa le brought ryt arket for seedieafs during nat turoe do: i quiet, bus Yauugg were Hoy aaylediy pe closiiig at the lat hs |. Sales were reported of 50 cases of sundries, gran sh at fe nto. SD ease ses of do, crop IST, at trom He, Bi, 1p capes ‘of Connecticut ind Massiuchusetts a feanatt Mes lt arian it's of Fenney ania, orn {878 08 on DEY | ones . Woot.—The demand has been a arifie better past three days, bui the tran-ac.ions were p! biytowe a sinal! as Ware easy. but ni y i Ohio’ Htuite T2008 Ibe of do., iy EY dambs' pulled, Bie 10. Cage ey) at 43c, 00 of spring Calis oO pear jam fae Ch pa eth vt Cailtormin meio, earings at Sie-y lorado at 27c., 100) Ibe. of W ite Syimrna at | fo Ibs. of uray nolis at 22%¢0., 5,000 Ibs. 5 Gai Litoral pi iis a 2%e., 50 bales ot washed Bowieratin bond, 2300 tbe. of Orexon, 15 bags of Mestiza, 30) p bags shearlings, 16 bags of extra pulled, all on private OWitsiey: Receipts, 887 bbls. The Somand ay. fair, Dut at ded decline in Retoes. Pe yr do. at and 100 do. ao. at visernthe ae ‘ior sd | lied. fice; A bara e-tern Texns, nia, at 2045c,« SA Iba, 500 Ibs. of washed tiled Wool, at 56. ; : baie 250. a We.. spree. DOMESTIO 10- MARKETS GALVESTON, “Oct, 10, 1873. Cotton in feet demand; good ordinary, 15\4c.; Texas ordinary, 1 Net receipts, 629 bales. Stock, 1) 2 wee aye receipts, qe coastwise, 1,301; le panel oany A tgp Sere pa By Bon on age in ive; 8 dlings, 18%c. So v gieen. Tae bi ic a "ther strict t wood ‘dinary, ie » Net les; Sioa Tales, : 0 k, ‘oa Week! Net receipts ty 11.429; oe a ; ine Greal pleas TH gro: a0 i, Tio ‘ sae Cotton guiet amy 3 xen miditags rae ei ‘good o} strict aoe room ts a oe Pea rts COMB eckly— vet recelp se aig fag se 10h, Ce mid 76) pales (3 ag aS Bik Me at, 14,841 abseoees RLESTON, Oct. » hye Cotton dull got. nin : middlings be a 1Tc.; low middli: 16) a On strict good ordinal ary. i oie. Sor Sted eh Wockiy wet cecelpts: G55 ; gross; ( ee! —Net rece! y $a, Exports constwise, 4696 sales i ina xerox 1 t. 10, 1873, Spirits turpentine steady at Séc. ikosin’ No tales: $2 30 bid tor strained. Crude entine quiet 1 60 and $3 for yellow dip and vrgie on ratendy at $2 f, 10, 187% Flour steady; sales of on) bbls., at gt’ a ier ne. 1 spring, 75 for amber winter, $9 50 for white winter, a 0 RE erable ‘extra. Wheat dull; sale: 600 bushels Milwaukee club at $1.45, tw yi at $1 47. Com Serer ed ; for car lots, 60c. ore oe ens afloat, ‘Barley a 2 50, Dushels lilinols at at 58c. Better: stock tig etic 10 shel hay ie at $1 (0; 20,000 bushels da, for eafall 31 fay jand Upper Canada, to arrive, at aig. Corn men 35 for bolted, $ or unbolted er, wt Millfeed unchanged; ihorte, Sit. stipe Is, $195 tha wy faelt fon, Canal freights steady | barloy To. to Albany Fhliadel pein the Huason, os to'New York. ulrgad Heigl Flour, to Phllaig pia an . Oe. : to New York, Sic. ; to’ Al 42c. ceipts 4200 bustiels ‘wheat, 2,990 firs corn, hhh do: parley, JOU teat, of Iumper. ' Shipments—L6i) bbls, nd 1.217.000 ieet of lumber. TOLEDO, Oct, 10, 1873, hade' lower; amber ‘sbot, $1 37 a $1 33345 Adve, $140 9 $1 4035; Bis: No. 2 ze, ‘spot, 1 8 $1 36; No- Gain dull and’ lewek: hizh ‘mixed, sot, } November, 6. 180; low mixed,’ sot Outs dull and 10 Lief for No. 1 400. ints firmer, Receipts -t.i00 oar? Rho. Cushele Pade 29,000 do. corn ; 4,000 ‘do. pope Ship- ments—1,000 bbls. flour 13,000 bushels wheat; 29,000 d corn ; 30,000 do, oats. Oct. 1873. Lake and rail imports for fe rs twenty-four hours— Flour, 6,400 vey eeeek bern bushels; eas, 1 do canal do. 3 10. ts, 22,200 it eee bishel i dro? i oa, barle Rail cxporis When It 7, 200 bushels; corn, 1 470) do. Canal freight dull—Wheas aly cope oats, 7c. Grain—Market dull and une anges the te only sales imade public we ushels No, 2 Western corn atélc.,4000do, Canadian barley. on private terms. Other cee wnchanged. TCAGO, Oct. 10, 1873. dull and unchanged. Wheat dull and ‘lower; Northwestern, $i 1039; ‘pid, $1 03 asked Novem: ber, $1 U2 seller all the year; So. 3's ing, $e, a jected, 92c. Corn dull and lower at ie jy cash feet ageh ant Pong th! i q 4e.;' rejected, 6c. fair “Gemapd an lower at 31 < we 3 Ca: sh or Riesan. ber; _ rejected, ye ull and lower at Ge, a 650. for Roe 2 “Bary in fair demand, but atlower ady at $1 36 for No. 2 tail; $1 11 for No.3 iB, Provi ons quiet. Pork lower for tutures at, Lard dull ae nae at 7: evexibor $18 25, January. BUC, caMb: THE 8 TCs I bacon quiet ai une! Freiyhts=Gorn. to Butta bbe tour 130% "1 ; 62,000 do. oats: 5,000 do. fash Sfipmeniie-e 0 bole. four, 17300) bushels when do, corn, 102) do, oats, 5,000 do. rye, and 45,000 do. barley. OQOTLON RECEIPTS, New York, Oct. 10, 1873. het receipts of cotton since The following, is the total Beptember 1, 1873:— Galveston. Wilmington Norioik. Grand total FOREIGN Mi MARKETS, Lonpox Moxey Manet —Loxpox, Oct. 10—12:30 P, M.— Erie Railway shares, 414. 21. M.—Erie ailway shares, 4lig, 3:30 P. M.—the rate of discount in the open mar! toribree montha? bills ts 4 per cent, The aimpune at ba Hon withdrawn trom thé’ Bank of England on balance wy all of which is for guipment to America, United states five-twenty bonds, sp0's, gid, 96g. Paris Ms, atches quote rentes at S7I. 6c. —" ae e a plentiut gupply of money ca ran he open market for three months’ piss per cont, or 11-16 per cent below the ri Englan FRANKFORT BouRs®.—FRANKFOR?, Oct. 10.. DON. O sbatches quote rentes at 571. 90c. 5 Lavenroot Corton Manket,—LiveRrool, Oct 10—12:30 M.—ihe sales of the week have been 132,000 bales, in- cluding 16,000 tor export and 29,000 on speculation. The stock in port is 693,000 bales, including ‘The receipts of the week have been 4 ing 6,000 American. Actual expor afloat ts 184,000 bales, including 29, W amnerioa ‘The market is firmer, but not Sactably hy uen Middling Petes ‘a 94d. ; middling Orleans, Hd.0 94d. Bales 21,00) bales, including 6,000 for speculation an export. 2 P. M.—Saies of uplands on the basis food ordinary, detive rable November and Me ob! at .; do. do., de- deliverable October ana November at. isd. 4 P. peut the sales to-day 3.40 bales were Americxe,’ Sal lands on basis of good ordinary, shipped Cetober, i $44.; do, do., shipped October ahd November, at do. do., ship; eetaber ana December, at 87d. .—Saies of uplands on the basis of low midd! lyerable October and November, TRADE IN MaNcHEsTER.—Livenroot, Oct. 10-1230. M.— The market for yarns and fabrics at Manchester 4s quiet ster is firmer an ance is de- ended whion buyers refu * LoNDon PRopuck Manker.—Lonvox, Oct, | 10-Even- ing. SPITS turpentine opened at Be a 2 oie. 4. and er cw! ol a £95 per fone ‘Linseed oli, £31 $9 9 £380 per ton, 2 LIVERPOOL PRODUCE MAREKT—LtvERPOOL, Oct. 10—Even- ing.—Linseed oil, £2 Oh w £38 Os. per von. Spirits tur- dentine, 3s. Gd. Pr ‘ TERPOOL BREADSTUPRS faruee.—Lrvenroor, Oct. 10— 12:50 P. M.—The receipts of w! ast three days have been 35,(0) quarters, "including I7W). American, The receipts of corm for the past three days we been erican, Oerrae ie RS 13,000, Am Whea 28. Od. ® 12s. 8d. per cental tor average oth whites for club don and tied. a ide. ade nue ring. Corn, 82% 6a. a S%s. 9d. per ernounva.—ANtwenr, Oct. 10-1 P. M.—Petroleum, wins P. M.—Petroleuin, 4)f. for fine pale American. Pannen, Oct. 10-9 F. M.—spirits petroleum, Lid. a 1si¢a, an a FINANCIAL, ‘A’ REASONABLE RATES—MONEY ON LIFE AND Endowment Insurance A be Mortgages and other Securities. Insurance ot all kinds effected with best companies, J. J. HARBICH & CO., 117 Broadway. A EAPSLEY 4 BAZLEY, BROKERS, 74 BROAD. 4 ayicStoak and gold privileges full lained, Wi practical thustrations, in 2 circ ar, with reterencer, mailed to any ad Full information on application. RARE CHANCK FOR A SPLENDID ay Ci ed) city bonds will be taken fot beautiful subul FTonerey, in the immediate einer of Washington city. is property is Ld laid out in ‘Villa sites; will be sold at a fair market pi W. A. DEAN, 49 Lexington street, Taltimore, Ma. pier. LOWE Re #00. BANKER: ne ERS, 18 NEW srocks | oats TREET, DAILY. BALA AN NEW YO SAND GOLD BOUGHT “ON SATIS: RGINS; INTEREST ALLOWED ON KO. BENEDICT, R. P, FLOWER, H. 1 TRUMAN, ounce “PAPER BOUGHT AND SOLD BY Oo HOYT & CO., 33 Wail street. Chicago paper wanted. yEPOSIT TO-DA ‘the Freeaman’ ‘avings and Trust Cy Ltt My charter by the U pited Suate No. 10 Bi avew York. a. W, % ALvORD, PI und G. W. STICKNEY, Actuar A Mi BPERRY, General aepeston _Bend tor etrentar, JOURS. 2 a ASKINS & BRAINE, BROKERS, i street Stocks and Gold bought and sold on com. BROAD oan Prunes a specialty, enabl ery smal tal. to xpeculate wat id references, mi KW YORK GOLD SIXKS DUE 1887, $100,000 for sale, in sums to suit, meter & DAY, 16 Wall street. » any one, with 7. Circular, with W YORK New York City ae Brookiyn city 7% For sale cheap by DANIEL A, MORAN, w 40 Wall street. U pan CALL Y=$i0 TO. $100 WILL PR secure ti vilegeR ngguek Not isk operat ing in Wall street 0 ry "ls pian, of, these contracts during the Pawic paid several Mhotkend dollars ron pk A jonored by the makers. bxplanatory eirotlas on appligation cate gee ted on ers and Brokers, 39 Wall street, N Yor. 18 Wall street, Katablished 184. e. cash orders for hase of sale of stocks, raitr fe a ATT Stock Exchange, prow iy ct a gaviniae in "teen London, dearest ANTED—4,000 “FIRST Ser EORTGAGER T IN WESTCHER. W's Wor Conmty ; aupple poourity, J, D. N., 00 Eighwa py, Md over our counter at Gold Room diana upon pnd draw on City Bank, AS AN FINANCL ate (\IGLIAM & JOHN BAN AND Brokers, 53 Wall street, outta taive thelr aftea, {ion to the purchase and sale of stocks aud Bonds on commission. ts tad te ec ‘ANTED TO PURCGHASE—FIRST MORTO. WARES Tangata BRAT oF Cedar | ete Drovertyn FRED! ERICK J, BYKES, 62 A (0) Eee BE ase ee A ers) IN THE, 4.000 Tasos Ra SORE ctr BE J0B SHARPE, 149 Broadway. 10.000 FIRST MORTGAGE ON ELIZABETIE Propet property for agit also wanted Newark worth 15,000; ib linerat te Beineipals only address PRINCI He erald office. $25. 00 eee i hoa 5UM, Ls cag 4 000 to buy agood frat morieage ataow ate: “= $25,000 WE, 534 Pine street” . £0 LOAN—ON BOND AND MORTGAGE iu sums, to, sult on tmproved city prot 8150.00 tty and Brod BROWN & HALON & ‘SLOAN, $1 East Seventeenth street, Li a) motual SURE ae “BED RUEDR. Bate aUSE. Clty and county of New York.—I do hereby coywty that the within fe'a true copy of 4 original agicemunt, this day executed’by Friedrick Buse ant J. D. Luerson. In testimony whercot 1 haye hereunty set iny hand this 10th. in: ai ray *, 1873. ES woe AIRNS, seed rs Notary Public, New York county. DYE & CURTIS! Sixth aveune. ) TO LOAN—ON Boreas IN COURSB: of construction; $1,600 Westchester Ges other sums for whee Mor: 8 ine city ahd Brook ts PowEL Bidg rn street, room 1. $313. 000 pre erineT o, . MORTGAGES; XO bonus.—83,000, $iG,0%) $i2000, $14 76 and SE eg cere mort: gages by Novemoer P COPARTVERSHIPS, EW YORK, OCTOBER 10, 1873,—THE COPARTNER- Los heretofore existing between us, us, under the firm THE UNITED STATES SHIPPING Law. * Se Petition to Congress for Its Repeak Signed Already by Men Representing $20,000,000 of Capital—Tne Satlors’ Appeal—Yesterday’s Developments. The existing United States Shipping law meets. with increasing opposition day by day, and a stren~ uous effort is to be made when Congress meets to obtain its repeal or numerous modifications in the new act, Under the old system the Pacific Mail Steamship Company had to pay about $600 a year lor the engagement lees of their crews; it now amounts to over $6000, It is, therefore, easily un- derstood that a law which falls so heavily on American shipping is regarded with particular ill will by all steam and sailing shipowners of this country whose vessels ply to foreign ports. Satlors before the mast, for whose benefit the new law was said to be framed, declare in the majority that they do not feel grateful to Congress for ita efforts on their behalf, Within the last few days a peliion, of which a copy will be found beiow, as been signed by shipowners, representing at least $20,000,000 of ae and likewise by several thousand satlors, dressed to Congress. Thi petition is now being signed at every port o. note in the Union. By order of the Secretary ofthe Treasury, on the 2th, of last February, the West India Islands, the British Provinces and the Republic of Mexico were exempted from: the new act. In consonance with. this amendment, Messrs. F. Alexandre & Sons, of this city, the owners of a line of Havana steamers, refused to comply witu this law; the consequence was that one of their steamers was libelied, and last Friday they were fined $200, by order of Judga Benedict, of the Supreme Conrt of Brooklyn, The tollowing is the petition, a copy of which cap be seen oD at Messrs. Ferris & Kohl’ 3, in Soutii street, near Wall:— PETITION OF OWNERS, MERCHANTS AND MASTERS OP AMERICAN VESSELS. 70 THE SENATR AND HOUSE OF RE/KESENTATIVES LX CON- GRESS ASSEMBLED :— We, the nndersigned, owners, merchants and Teed of American vessels, present this, our petition, and pray for the repeal of the act appointing sbippiag commis- sioners, eee June 7, 1372, Firet—Because said act is supertiuous as affording fury ther protection to seamen, the courts, both State and federal, being competent to administer equity in any dispute between ourseives and marine: Because, a8 a class, we are capable of makin: our own contracts, Without the supervision of Specia Commissioners. Third—BKecause, in effect, the act is an unjust aspersion: of ship owners and masters. The appointment pt ois ping commissioners to witness the enuagement of, pay off our crews—charging Gere and us an mero coinmission—is tantamount to im) acity or dishonesty to the merchant. Fourth—Because the act is made an instrument of ex- tortion, in unlawfully exacting from us large tees tor shipping articles, cartages and boatage Besides we a: seen liable to suffer heavy losses from strames constructions of the act on the part of the commis- Fith-Because, in the frequent conflicts between the commissioners and others having relation to commerce, we are always vo sufferers. In the port of New ole the past season, during one of such, canilict, Inladionet admitted Nie inability to tursiah crews, thougt good seamen were plentiful and foreign tonnage Aes supplied with the most competent seamen in the por' and departed on their different voyages without any de- tention whatever, while American vessels heavily Jaden, waited three weeks for thelr crews, at @ cost of many thousands of doll: charterers and owners. It isa fact indisputable that our very best seamen have an. aversion to engaging before the commissioners, and pre- ter cent La are now, under the flags of nearly all other “gat ons, tience, our, shipping a or manned by infe or crews, thusexposiu extra dangers, which evil can be remedied only by the. repeal of thislaw. ‘izth—Because the act imposes upon us the payment of $2 tax for each person engaged, while the procuring of seamen is not defined as part of the commissioners’ duty; thus we are olten compelled w secure them through Ca eee] at additional expense. — Because such tax is Saver no other class in ‘he country being taxed for em ing labor. aaa it has not the merit of being uniiorm ly im) feead 5 Dound to Europe-or South America are subject Meas tax, while vessels en; in the West Indian, Mexican and British North Searicas trade are exempt. Big! cause the fag involved in The anaes of labor is! “onrential pernicious; sach principle, if adopted, cri pp Droseribes. industry, enforces idles ness, prevents REO me saud is destructive of all govern- meot., It is believed no government on earth could long exist that would engraft so unwise @ principle into Jaw and apply it Val all of its citizens, ‘A law imposing a tax apon all the manufacturers, farmers, merobant and employers generally throughout this country of $2tor each person employed by said tax to be paid several times per yt certainly Would not meet with national approval, or be "considered by the working classes asa law for their “further pro- C1 enh ause the commerce of the country, already depressed, needs recuperation rather than oppressive laws, and represent ing that branch of industry we deem the ln jing act oppressive and detrimental to the com- mercial Tnterests a of the nation. these and other reasons oar petitioners earnestly finaplore our honorable git in exercise of your wisdoin fo repeal the said And your ae will ver pray. SAILORS’ PETITION. The sailors also are to present a petition, which sets forth their wrongs under the present law, and begs for its vera @ THR STEAMSHIP MEN. Yesterday Arernoon & HERALD reporter paid . visit to Mr. Ferris, Jr., of South street, the agent of the Savannah and Newbern line of steamers, to ask what action his firm intended taking with, reterence to the decision of Judge Benedict and Captain Duncan’s circular, of which a copy will be found below. In reply Mr. Ferris stated that a committee ha@ been appointed by the Vessel Owners’ and the Captains Association to gather the views of the leading goed houses on the subject, and when the report is presented on the 16th some decisive action will be taken. Captain Spicer, of H.C. Mallory & Co.. the large steamship owners, is one of the committee. The Vessel Owners’ and Cap- tains’ Association, continued Mr. Ferris, Jr. protest against the United States Commissioner’ construction of the law, believing that the Henn will not warrant it and aiso because it will act as & great impediment to coasting trade and does not give any additional benefit our seamen. May tell you that the steamship men have de- termined to act together in this matter, and carry the matter before the Supreme Court at Washing- ton. The New York Board of Steam Navigation also holds that the Commissioner is in error. THE OBNOXIOUS CIRCULAR. Orrice ov tae Uniten States SmuirrinG Com MissionEn, 187 ¥ KET. Sir—You are hereby nott: amendment to section 12 of the Ship) ters of vessels, when sugaged tn truce Fates and thé British North ‘American possessions, oF - the West India Istands, or the Republic of Mexico, are not compelled to use the form of agreement prescribed. in that section, All other sections of the law remain pong, al and) the shipping and paying off of seamen emp! ved om board such vessels Seu above Sematred, ae 6 con= ducted as usual at this ofc United states Shipping Gominissloner tor the Port of New or! Orrick ov tae Uniren States Sutrrtxc Commisstonen, Nos, 187 ap 130 Cugray Sr) Sin—Reforring to the above ‘circular’ Yor! rh 1R—Refor 0 we clroular, you are tb; Notifled that Judge Benedict, of the United : Dis trict Court, has this day sustained the roan ot on therein contained by his decision in the case of the United States against the steamship City of Mexico, im which (hat vessel is condemned in penalty and costa The Coart has possner cr Sa tbat agreccieneeUerretm all men amd shi Teale wise as well as tore! a vO: i be mode i. the ry ia” Ute’ nr ©. yea men Shipping Commissioner for the Port o iat 38 "wuss COLLROTOR ARTHUR SA Yesterday afternoon a HERALD foporter called upon Collector Arthur at the Custom House, with reference to the new troubles in the Working Of the eee law, &nd the lollowing conversation took 08 Reronter—The Custom Hou: I hear, Mr. Arthur, is clearing vessels in cog to the cire cuiar of Mr. Duncan, General ARTHUR—We are acting Recording to the Treasury order of February e hte Thave sent iny opinion, of the matte the ytd ot the Treasury, an Ad ‘asc jon of Sad ine 8 dict, in which Mr. Duncan bases his order for “the shipment of all seamen petore @ shipping commis- sioner. Within a few days I hope to receive an answer. Shippers are naturally much interested in the matter. We clear ships here as we have hitherto bowed since the amendment to the act, dreed that a conference will be held to- It is repor' nce Dunean. between Mr, Ferris, Jr., and Qommissioner