The New York Herald Newspaper, October 14, 1873, Page 11

PINANGIAL AND COMMERCIAL A Frightened Stock Market— Prices All Down. A BEAR CARNIVAL. The Folly of Depression at the Present Ivioment. AN IMPROVING CONDITION. Chances for Investment and Profit---Gold Ln Boute to America. THE MONEY MARKET. Premium on Greenbacks—Ourrency Easior— Railroad and Government Bonds, WALL STREET, Monpay; Oct, 18—6 P, M, Not since the beginning of the monetary crisis has Wall street so easily yielded to insignificant pressure, confessed the control ofa knob of half ‘weeded out and broken down speculators, and, trembling at a patched up ghost, testified its inherent weakness, as it did to-day from the open- ing to the close of the stock market. A court of Justice modified a recent decision which involved the sale of a few hundred railway shares that have been a subject of dispute in the alleged bankruptcy case of G. B, Grinneli & Co. Forthwith the exchange showed symptoms of demoralization. The stock of @ company which, but a few weeks ago, was sell- ing at 95, and the earnings of which from January 1 to September 30, 1873, show an increase of $1,850,000, with a still larger increase likely to result this fall from the heavy movement of the ‘Western crops, was tumbled out right and left as if - THE DAY OF JUDGMENT ‘were at hand, and it were a crime to be found in possession. The price declined from 69% to 65, rallying and receding during the progress of the fight, but at last settling down to 65%. Other stocks followed suit with more or less of similar results, and the day ended with a feeling of de- Pression that.could not have been intensified if balf the firms on the street wore as an obituary sign, “Closed for repairs.” To a mere looker-on there was something mourniully suggestive in the spectacle of the great mart of America, that has moved its hundreds of millions without a tremor, being itself moved by the simple unloading of a few shares of stock forced on tue market for realiza- tion, while men stood on THE CURBSTONES AND STREET CORNERS predicting disaster and acting as if the bottom had fallen out of the universe. There was qn exhibi_ tion of neither faith, strength nor dignity, The panic-mongers alone held high carnival, and waited with ghoul-like glee to bivonac among the ruins, hopeful, perhaps, of an opportunity to fatten onthe crumbs. The philosophy of the situation is in 4 nutshell. Wali street is poor. The little fishes ‘without credit have passed tirrough the net which the banks have drawn, and the big fishes alone re- main. The money that circulates is confined toa comparatively few. These, while yielding to mo- mentary depressions like the present, still follow signs of a brighter future. To them and their cus- tomers recovery is but a work of time. When STOCKS DECLINE UNNATURALLY and obedient to such a trifling cause as that of to- day, they telegraph far and near among their friends recommending prompt investment; or, act- ing with discretionary power, they take instaat advantage of the market and reap the benefit. In short, they set an example to the rest of the com- munity to follow, which is to secure profit; and it is without hesitation that any thoughtful observer cognizant ot the facts would declare that of all the opportunities which the year has presented to the capitalist who can afford to purchase and hold stocks none offers greater promise of future profit than those immediately at haud. PRICES ARE ABNORMALLY LOW} some are nearly at the panic standpoint; and looking down the vista of ten years, and comparing the figures that have ruled therein, it does not seem improbablo that sooner or later a marked improvement will take place. It may come within two or three days, when the pending fright has passed away; when the weakness of men, who are throwing stocks overboard to keep from swamping, has exhausted itseli; when, in fact, some of the very magnates announced jora purpose to be on the point of failure, reappear as purchasers; and when the reaction does occur, it will only obey a natural law, if it is stronger than the decline, One thing iscertain, Although the tone of Wall Street has been shaken, itis not shattered, Many @ fortune yet waits on prudent speculation, and he who is shrewd will do well to watch the hours now passing. in less than sixty days Congress will have met, considered and, perhaps, settled various vexed financial questions, Already the crisis of our fever has passed. The country is convalescing. The report comes to us to-day from Cincinnati that the banks of that city have re- sumed the payment of all demands in currency. Other cities will speedily follow the example. Money 1s everywhere becoming cheaper and more ‘accessible. The Bank of Engiand sends to America to-day nearly two more millions of dollars, Thus good tidings pour in from all quarters, showing the gradual process of recuperation and the influence ofreturning confidence. Meanwhile magnificent Wali street is selling BTOCKS AT A SACRIFICE! The story of the market to-day may be told in one word—decline. Lake Shore declined from 6924 to 66, rallied to 68 and closed at 655. Western ‘Union advanced from 61 to 62%, fell off to 59%, re- covered to 6144 and closed ai 58, New York Cen- tral advanced from 90%; to 91, and left off at 88%, ‘the lowest price of the day. Harlem declined from 112to 109; St. Paul common, 31% to 2944; North- ‘West common, 42% to 40},; Wabash, 4434 to 423, and Pacific Mail, 3334 to 3134. ‘ihe remainer of the list declined about +4 to 1 per cent, the general market closing at the lowest quotations made. THE MONEY MARKET ‘was in better condition to-day. We quote loans at 1-16 % per cent, With some transactions at 3-16, Greenbacks rate at % a }4 per cent premium. A generous supply of currency is coming in, how- ever, and the banks are enlarging facilities to their customers. Discounts are unchanged—to Wit, 12 and 24 percent, The foreign exchange Market was firmer in feeling and exhibited some- what more activity. Prime 60 days sterling Is sold Gt 106% a 10634 and sight at 10744 a 10744. Commer- lal bills are quoted at 104% a 105%. THE FOREIGN MARKET. ‘The amount of bullion withdrawn from the Bank of England on balance on Saturday was £49,000, in- stead of £41,000, all of which was for shipment to America, The rate of discount in the open market for three months bills is 48-16 per cent, or 13-16 per cent below the Bank of England rate, The amount of bullion withdrawn from the Bank of England on balance to-day is £305,000, ail of which is for shipment to America, Paris despatches quote rentes at 571. 65c. The sollowing are the latest London quotations:—Consols for money, 92% @ 9254; consols for account, 9234 a 92%; five. twenty-bonds of 1865 (old), 96 & 96%; five-.wenty Donds of 1867, 9634; ten-forty bonds, 1% a 9134; new fives, 91% 092; Erie Railway shares, 39% a 89%. Erie opened at 404. The new loan has de- clined to 91% and the market generally had been depressed. In Frankfort United States five-twen- ties were 97% for the issue of 1862, THE GOLD MARKET ‘was somewhat stronger to-day, prices advancing from 108} to 108% and closing at 108%. The rates ald for carrying to-day were 7. 6. 5 and 8 per cent. NEW YORK HERALD, TUESDAY, OCTOBER 14, 1873—QUADRUPLE SHEET. ‘and for borrowing fiat, Tne final:rate was 3 per cent for carrying. The prices of gola were:— 0A. M.. 1 _ P.M. ‘The operations of the Gold Exchange Bank to-day were as follows :— Gold balances, Currency balan Gross clearances. CLEARIN Currency exchanges. Currency balances Gold exchanges.. Gold balances... - GOVERNMENT BONDS. Government bonds were less active than usual early in the day, but prices advanced in the late dealings under an improved demand and the ad. vance in gold:—United States sixes, 1881, regis- tercd, 114%; United States sixes, 1881, coupon, 1144¢ a ili's; United States five-twenties, 1862, coupon, 10634; United States five-twenties, 1864, coupon, 10634; United States five-twenties, 1865, coupon, 107% a 10834; United States five-twenties, 1865, cou- pon, new, 110% a 1103 ; United States five-twenties, 1867, coupon, 1114, @ 111%; United States five- twenties, 1868, coupon, 1103¢; United States ten- forties, registered, 10334 a 105; United States ten- forties, coupon, 105% a 106}¢; United States fives, 1881, coupon, 106% @107; aix per cent bonds, Pacific Railroad, 109 a 110, SOUTHERN SECURITIES were dull. Tennessees, old, soid at 72, new at 1%, and South Carolina, January and July, at 10, The following were the latest bids:—Missouri sixes, 88; do. do, Hannibal and St. Joseph issue, 85; Tennessee sixes, old, 71%; do, do., new, 71%; Virginia sixes, old, 36; do. do,, new, 40; Louisl- ana sixes, 38; North Carolina sixes, funding act, 1866, 17; do. do., 1868, 173g; South Carolina sixes, January and July, 10; Arkansas sevens, issued to Arkansas Central Railroad, 15; Texas tena, 1876, 75, RAILROAD BONDS, Railroad bonds were quiet and frm, The market presented no new feature. The latest bids were as follows :— + $846,643 929,351 + 82,123,000 HOUSE STATEMENT. $62,511,845 + 2,561,065 "780,484 New York Con 6's, '83 ae Cen r. 2 95 WS yt 9 orri st 02 Pats, £1 W & Chic 100 Pirts, ¢ wWa&Chic 2d Fe ‘ 7 90 1 50s 1m st mM, 102 Mil&StP Ist m 7 3-10,PD 2 Ist 1 Bost, H & E wo Cedar F & Minn Ist m.. THE UNITED STATES TREASURY. The Customs receipts to-day were $409,000; the ¥ Ist m internal revenue receipts were $431,864. The As- sistant Treasurer to-day paid out $108,000 on ac- count of interest and $47,000 m redemption of five- twenty bonds. The Assay office received £170,000 10 sovereigns, making the total to date £897,000, The following were the balances at the Treasury at the close of business to-day :—Currency, $3,347,193 ; special deposit of legal tenders for the redemption of certificates of deposit, $11,325,000; coin, $80,554,141; including coin certificates, $30,948,400; outstanding legal teuders, $359,066,888. HIGHEST AND LOWEST. The following table shows the opening, bighest and lowest prices of to-day:— Opening. Highest. Lowest. N. Y, ©. & H. R. stock consol ies ol 4 112 109 46% 45% 46 69 69% 65 43% 44% ey ern. 4254 aay 4036 Northwestern preferred. 63 64g 63 Rock Island... 9034 91 89 Fort Wayne. BO 863g 864g Milwaukee & St. Pat Big 31% 2046 Milwaukee and St. Paul pref. 5534 56 55 Ohio and Mississippi. 2th 26% New Jersey Centra a1 91 New Jersey 17 17 Unton Paci 1944 18% ©, ©, and L 21 20% Pittsburg. 80 80 Western Unio! 62% 58 Pacitic Mail.. B36 31% MEMORANDA. The President of the Missouri, Kansas and Texas Railway has notified the stork Exchange that the company has increased their stock $4,460,000 for a newly acquired road. The company now controis 785 miles ofroad. The total amount of stock is in- creased to $21,400,000, the total amount of bonas being $17,900,000, At the meeting of the Loan Committee of the Clearing House the rule restricting the calling tn of the loan certificates to November 1 was re- scinded, The New York Clearing House has adopted the Teport of the special committee appointed to re- examine the affairs of the Bank of the Common- wealth, which report sustains the action of the Comptroller of the Currency, endorses the state- ment of the receiver and approves the winding up of the bank, SALES AT THE NEW YORK STOOK EXCHANGE, Monday, Oct. 13—10:15 A. M. 500 U S 6's, r, ‘81 114, $1000 US 5-20, WU) U 8 6s, ‘c, " 113% "1000 US 5-20, 1000 U S 5-20, ¢, be 100 shs West Un Tel 1100 a 200 di 100 Pac M 85 Co. 10) do. 200 Un Pac RR, 20 ao. 100 di , IO, C&T RR. Board—10:30 A. M, $3000 Tenn 6's, old 20 shs 0 fed 10000 Tenn 6's, wR r a cae Be a 2 89 10) Del.La West hit,’ Sot WB Nei iE DoS Ny ., co 1 50 NYCRHRRK Dead Wo 10 do. . ob 100 c 400 100 1000 1200 wu ; 100 1000 W Un Tel?’ od 1000 Gt West 20 199 16 shs B'k of C on 20) Canton Co ow & Pac M SS ay 100 Ww 100 400 100 200 40 190 oO 80) 20 do. ay 100 Erie RR pit. “ 100 Un Pac RK. 1 25 do. ” 2 200 rf SE do 100T, W & W RR. 400 do. 100 American Ex...be 64% 300 do. 5 do. . bye wy) do. oF ee | lo. a do. ay 2 do Org 3 2) ao Ci &* fy fo a i 0. 1) =o 10 do 67 1 do 6 10 = do 7 5 do. fs 2 do. 7 00 do ix 1 40, 6 u do 6 30 do. 6 oo do. 100 ao. 67 200 do 67 2 do % SONY. NH &H RK,. 125 100 Biil'@ St Paul..b'o St do. 817 Lomas se Ba Bare $0 10 d a “ py 43) “ 43! 437, ot 43) « pr e4 300 200 800 do: 400 200 do. 600 100 do. lw bu do. 20 20 do doo 20) do. 200 400 do. 400 300 do. 100 do. 300, 200 100 0 160 arse SESE, SnSESSSESEESEELE: 12115 to 2:15 P. Me $2000 US 5-20,x, °07.b © 110) 300) U 8 5-2 ‘67. rit 5000 US 5% 17 1:00 US 5-2), c, '63..bo LLO% 100 do + Mg 10000 US 6 110% 9000 U 8 10- 106 1000) do. dot sou US 1 10034 P. M.—Sefore Call. P Second Soard—1 P. M. 1000 Erie 3d_m.. 93 10shsNYC&HRR,, 891 tom tn Facz's ig 65 ih GO..66 sesereeg 8° c = rt te. 103” 100 by) 1000 Tol & Wequipb.. 75 600 2000 0, C& 1 © Astin 3000 Long Dock bd: ‘1000 Alb 10 do. 200 Can T 30 do 00 do. 0. izhg 100 do: 100 Erie KR. %q 100 Mt & dt 500 Un Pac 50 M & St P pt. 400 do. lo) 100 do. 100 do. 100 do. 200 do. 100 do. 200 do. 200 do 30) do. 20 do. 300 do. CLOSING PRIOES=3 O'OLOOK P, M Western Union. 83 a Quicksilver... 200 a uicksilver pi.. 2 @ dams Express. 81 Am Mer Un Ex. & US bxpress.... a Pacific Mati. N Y Cen. Bt Pa a bt Paul pret.... O63 a Wa Cotton Decidedly Lower—FI: Downward—Wheat, Corn and Oats all Lower—Pork and Lard Lower=Grocer- fes Without Activity=Naval Stores Quict—Petroleam Quict and Ea: The week opened upon very dull merchandise markets as @ general thing, the radical recession of the gold premium last week tending to unsettle prices and render commercial values problematt- cal Many descriptions of merchandise, but more particularly of those commodities which are con- trolled more directly by the price of gold, have been rendered 80 entirely nominal that nothing short of actual transactions of considera- ble magnitude can serve to indicate with any degree of accuracy their market value, Hence, while the markets remain so dull, and transactions are of such an insignificant character, as are most of them, prices will be more or less nominal and uncertain, Business to-day was light in almost every department, while in most cases the markets were decidedly dull. On ‘Change flour was du!l and in buyer's favor. Wheat was fairly active, but with exchange irregular and dull, Prices again favored the buyer, and, at the close of ‘Change, lower, Corn was also dull and lower. Oats Were unsofilod and decidediv off, Whiskev was tha tara 17446., 100 at 17 1-16¢., | thie 600 at 17e., 100 | Age easier. Freights and charters were easier, though wit h- out decided change. Corton om the spot ruled weak and irregular and closed with @ continued downward tendency, ata de- cline of fully 3c. per pound. Some sales, however, particularly sales to exporters, showed a more marked recession. At @ decline of 3c. future deliveries were more active, closing weal 'e quote :— rlaats, Alabina. I. Orleans. Texas. Ordinary... ig Ia 4g dah Good ordinary...) 16 16 1532 16 Strict good ordinary 16% wy rtd I Low middlin; ig a Yb: 18 B Midalin, 17g te} 136 1s Good midi 1582 A 19 19 1 y —The quotations are based ow cotton in store, running tn quality not more than half « grade above or below the D 1ade quoted. ‘The sales wero: worn To-Day. Last Bve'g. Totals. Export. #0 5 516 Consump’ v7 79 Speculation. 13 29 the Sales Saturday evening, alter one fat 17 3-L6e., 100 at 17 6-320. ; Nov. 17 L32e,, L al 300 at 1 600 at I7e. ; December, 1.0, Jam 17 1-$2e., together; January, 40 at 17 1-t6c.; February, 200 at i7ger; March, iW) at 7 dlc. Total, 420) bates. Sales to-day up to three P. M.—October, 100 at 173-1@0., 100at 100 at 1734c~) 100 wt 17 6c, Sho at nee at oy 1gSeet November. 0 wt lize, 3%c., GW at 16 15-16c., 20 at 16%0., ch, October, November, December an: together; December, 100 at 17c., 1 16 16-160. 100 13-16c., 1,200 at 10% 20 at, Ub 16100.. a wt 16r%o.. 300 the pors sum Gaiveston, 3 New Orleans, 372: Mob) vannah, 5,005; Charleston, 2,712; Wilmington, Li} [or- folk, 2.145? Baltimore, York, ! 4 New York, 32; Boston 6% ‘Total 16,580 bales, ‘This day last woek, ; rn year, 17,00. Rates in cotton steady as follow: ressed ; ordinary cargoes, 200. a 2! good cargoes, 21%c. a 21460 extreme range for lots, Zc. days’ credit. Java (govern: Fass Mus), ZAC. a 25350. 4 2i0,; St. Domingo, 19340. 22c, ; Costa Rica, le. a 2c. .: Mexican, 20%0. a 21350. ; Man! Angostura, 20340. a! 21sec vanilla, 20% Juracoa, Wisc. a Zlige., gold, at 60 to 9 days’ anp Gnarn.—Flour, 18,764 bbls; wheat, 396,351 bushels; corn, 147,279 do. ; dats, 3%100 do; barley, 29,919 do. ; Fye, 8.625 do. The flour market was dull and heavy, some sales were made at lower prices. The sales ¢ about 42,000 bbis. Corn meal was quict; 150 bbls. were gold at $340 tor Mash’s caloric and $365, on the dock, for Golden Ear. Buckwheat sold to a moderate extent at $35). $375 or State aud Pennsylvania, We uote :— Ro. 2 Stave $3 75 Superfine 50 Extra State. Choice State Superfine Western. Extra Western... Extra Minnesota.. Kound hoop Ohio, shipping Round hoop Ohio, trade brands. Faunily ..sese00 St Louis, iow extr St. Louis, straight oxtr St: Louls, choice double exit FESSSRESES RSRESASSESasss Supsesssesxe: eepepernepeeee 2 ceteite9~0 S 3 ern, Southern, supertin Southern, extra. Southern, family. Corn meal, Wester Corn meal, Jerse. Corn meal, Bran‘ Caloric. Puucheons..o. ‘ i 71300 fo. —Wheat was unsetiled and lower, though fairly avtive at the decline, closing at about $1 % a $1 40 for prime No. 2 Chicago and iwaukee, $1 5i a $1 53 for red winter and $1 a $1 ov for rT sales were about bushels at $1 30a $1 32 for No. 3 spring, 7 for No. 2 Chicago, $1 40 for No. 1 Chicago, 403g for No, 2 Milwaukee, $1 42 tor No. 1 Go.. $I os $1" 60 red and amber winter, $1 a $1 70 tor Corn was dull closing at for prime 140,00) bushels, ‘mainly at 6le. a wwurtaace! SSRSSSRESE: PP PED EPEES ° Svc, a Gc. 1or common and for igi Uats were unsettled and decidedly lower. The sales were 54,000 bushels at 48c. a 49c. for biacl ae a c. for s firmer, 3 mixed, 62¢. @ Sc. for white. Barley wi rive, and more offering on the spot; 10,00) bushels Can- ada sold, to arrive, at $17 Kye was quiet ‘but un- change Freicuts.—The market for berth freights to-day was fairly active and rates not materially changed, howl tending in shippers’ favor. In the chartering line there was @ moderate demand for vessels suitable to the wants of the grain trade at previous rates, but very little in- quiry ior petroloum, |The engagements were:—Io Liverpool, by steam, 10,00) bushels wheat at 134. a 1344d., closing at'the lower rate; 3,000 boxes cheese and 600do. | of bacou at 50s; by sail, 86,000 bushes grain at 113d. a 23qd. ; 1,150 bales of cotton gt 34d. a 5-10d., and 30) bbls. rosin ‘at 4% To London, by steam, 24,000 bushels wheat at 14d. and 1, fiour at 45.; by sail, 23,00) bushels grain at 13d., and 3,000 bbls. four at 3%. $d. To Bristol, by sail, 25 bbls, rosin at Se and to Bremen, by steam, 16,000 bushels grain at 15i., 600 cases tobacco at 35s. The charters comprise :-—An Austrian bark, hence to Cork for orders and United Kin, dom, with 3,000 quarters grain, at 9s. Norwegian bark, ‘with 2,30) quarters do., same voyage, at 9s. 1d. ; an Italian bark, hence to Venice, with 12,000 cases retined petroleum, at 40c., and a German brig, hence to Rotter dam, with 2,000 bbls flour, at 53. 3d. Motasses.—Only a few small sales were made for job- bing purp { our quotations. Business in cargo in- voices wa: stand. We quote :—New crop—Cuba, centrimugal and mixed, 2c. @ 2c ; do. clayed, 27c. a 33 do. muscovady, refining, 28c. a 38. ; do. do. grocery, 350. a d5c.; Porto Ric roe ‘65c.; English Islands, 30c. @ Sic. New Orleans, 60c. Naval Storgs.—The market for spirits turpentine hi ruled quiet and sales are limited to sall lots, ail at 4le Which price appears to be about steady. ales foot up about bbls, Strained rosin has been in fair deman and holders generally firm in their views at $2 85. Saics include lots of 720 bbis., 500 bi 250 bbis. and 125 bbis., allat that figure. In better gra of rosin only a mode- Fate Dusiness was eflected, thougn prices are steady. sales include 139 bbls. No. | at $3 Tar is exceedingly auiet and values more or less nominal, pitch selling ina retail Way At $3 25 & $3 3/35 for prime dity, delivered. Prrxoukum,—The marker tor refined was very duil on ‘Change today and without new features, though a shade weaker if anythi The nominal ‘quotations were :—16%4! spo!, l6c. tor deliveries atter the 25th inst. an N mibe id iéc. December; crude in bulk firmly held at 5c. a 5%c. for spot and balance of the year, but without buyers, and, consequently, entirely nominal: Naphtha duli and steady at 10c. tor city; cases in moderate request at 2ic. a Zligc., to quantity. Ad- Vices irom the Creek were of generally “dull and un- changed markets. At Philsde re the m: it was lower for future and more active, but dull on the spot at 16c. a 164sc, Sales of 5,000 btis. November at 15%. Later—This market declined, and sales were'reported here of Is. refined, first half November, at 16c., ‘and 8,000 bbis. crude in suipping order, for proinpt de: livery, at 10%. Provisions. —Recetpts—134 bbls. pork, 460 packages cut meats and 864 do. lard, The market for muess pork was dull and lower; sales were confined to 15) bole. new mess, in jobbing lots, at $16 50. Dressed hogs at trom 6c. to 7'4c. per 1. Were dealt in to a moderate extent; 200 bbis new beef were sold on private terms, Apart from this transaction the business was in jobbing lots at former quotations Beet hams were neglected and nominal Cut meats were in active request, with further sales of 2,000 tresh hams at 9390. @ 9ixo. do. at 94c., 400 fresh ‘shoulders at Oiyc.. 610 do. do. at 6c., 50) fresh bellies at ive do, do, at 9%, at i 0 pickled shoulders pickled hams at gc. aU di at 15), smoked hams at Uc., 100 do. do. at Ic. and 300 do. at Ilige. was very quiet; 25 box ort rib were sold ata. We heard of no other sal rd was weak ; 100 tierces on the spot sold at Siac. per lb. For tuture delivery the sales were 500 tierces October at 8 3-l6c., 75) tierces No- yember at 8c. and 600 tlerces December at 8c. a 85-16c, Butter and cheese were without noteworthy change. Rice.—The market was ve! niet. We note sales of pelt hos goon al 6gc. a 6; nd 30 tlerces Caroling at 8c. a SuGak,—The market for raw sugar was weak on the basis of 7c. a 7%c. tor fair wo good reanine sales (part Saturday evening on private terms) 1,500 hhds,, including to-day 30 hhds. Porto Rico at7%c. Refined sugar was in moderate request at 10%c. tor standard A, 10%. tor off A, 124c. for cut loaf, Ile. for hards, S¥c. a 9c. Jor, yellows, | 9c. loc. for extra “G, and 0. & Myc. for molasses sugar. We qnote :—Cuba—Ke- fining, inferior to mom, 6%c. @ 73%c.; fair to good fair, 790. i; good to prime, Tie. a 8c. ; grocery, fair to g ‘hye. a 8\e.; priine to choice, BMG, 8! Sac; centrifugal, hhds, "and boxes, sic: a 4c.; molasses, hhds. : melad, a 5%. Ha dy Nos 709, Ze. a 7! 0 SHC. 5 “Bora Migers” ,, common ‘to age. fair to choice, Ls Sto 12, 6c. a Ja atch standard, Nos. 10 to 1: Be. Suc” Manila-Superior acd extra’ suerion: Tet Stearine.—Market dull and weak ,with 40 tierces prime sold at Sige, TaLLow a shade easier and in good request for export. Sales of 100 hhids, prime out of town at 7%¢., and 75 hhds. do, city at Wuiskey.—Receipts to-da; but less active, ‘Sates 280 Dbl DOMESTIO MARKETS, Gatveston, Oct. 13, 187% Cotton weak; good ordi '¥, i5\4c.; Texas ordinary, 1340, | Neb receipts, 371 bales, “Exports coast wise, 1,700; Bales, 120, Stock, 8.605, New Onueans, Oct. 13, 1873. Cotton dull, entirely nomin: Ty matings 1340. w 1840. 5 v.; siric 913 bbls. Market steady, is at Wisc. a whe. low middlings, 173,0° a 17: it ‘di 16: Soi octal A, atin“ por tine n! i I. Block, Stade inva toe ag Monte, Oct. 13, 1873, Cotton dull; middlings, 17; low middling strict good ordinary, 15}ge. Net receipts, ports coastwiso, Bales, 20. Stock, 10,958 Savannast, Oct, 18 187% * 16340. ¢ jes ka Cotton unchanged ; middlin; bales. Exports coastwise, 3 Cuarteston, Oct. 18, 1873, and; middlings, 1640. ; low mi gc. ; strict good ordinary, 15i4c. Net rece! bales. Exports coastwise, 457% Sales, 600. Biock, 13,391, LMINGTON, N. ©, Oct. 13, 1873. Spirits of turpentine steady at 390, | Rosin quiet at $8 89 for strained. Crude turpentine at $1 6) for hard, $3 for yellow dip and virgin. Tur steady at $2 50 Oswnao, N. ¥., Oct, 13, 1873. Flour steady; sales of 22% bbls. at $7 75 for No. 1 spring, $375 for amber winter, $9 50 for white winter, eu for double ext Ww held at $175, Corn quiet at large recaps, and no sales reported ; Cotton lower: in fair d mt KS, 153gc. w 15! for Canada. ‘Corn meal, $1 85 for h fle ng Ret Stale ta eeebenaes! ces, £3 ie: stutls, i ings, yn. Canal tre: Or; barleys. tye. to New York, ‘Tie. to Albany lun any ; lumber rie, * Raileont Yorke bos. to Alban 1 ea Haas we be a ce! ushels wheat 19,000 do, corn, 2B0.b00 do. bariey 2,783,000 feet of lumber. ; doo" bushels barley and Shipments—1,8 bbls, flour, 431,00 teet of lamer, epenplanpicg! UrFALo, N. Grain in store—Whent, 193,546 Dushels; co wis do. ; Oats, BID do. 5 * pei, $299 oj barley inalte76b dor Lake aud yall ianp: rs or he ast. fo eight apie our, tea bois, wheat, F ’ silos ¥ ahi tag eG oeeeutaic tenet 10, 5 G 4 Sa Banal ieee ie dhe dete eh corn, He.; oats, 7c. Thi and auiet ‘The on! teamaeetioas paraet connenee’ if 500 bushels Milwaukee No. 2 spring wheat at $1 ot go- Chicago Northwestern wheat to a 117 3,000 de rn in lots aif ole, for high mised: i m a. Sle, for high mixed? Gh) do." Western nave 1,100 do, Canada barley ai $1 4603 8i$19% Osher aruicics unchangea, O% Western Darle 873, ‘ToL, Oct, 1 ed. Wheat Suits ter lor Be Flour dul) and unchang lower; No.2 white Wabash, 1 62, amber Michigan, cash, A No. 2 red, spot, $1 agli $ Tnized, ash f7e:; "December, ibe.t low mised, cut 454c. Outs dull and a shade’ lower, at 37}qc, Preights dufl and nominal, Receipts—23,000 b wheat, hels 00, do. corn, 12,000 do. oats. Shipments—2,u00 1 4,000 bushels wheat, 42,000 do, corn and 1500) de nagee” Untcago, Oct 18, 1573. Flour nominally unchanged; demand light; ‘holders firm, Wheat irregular and unsettled; cl: bales of No. 1 spring at 1 Wohea 81 G70 Nord dee eh bi 4 $1 02, seller Novem! (losing at the outside price; 2 “intxod! ‘at’ Mize. oasty Bije, aha ectlee Neveon Ne P co Cas 4c. & B8c. seller : high ‘mixed, 360 ; rejected, Sige, Outs opened tall DUt closed active; sales of No. 2 at $c. cash, 32%e. seller November. Kye steady. at 64c. for No.1.’ Warley duit and lower, at $I 33a $1 35 tor No. 2 fall, $106 No. 2spring. Provisions quiet and weak. Po. & fit spot $iSscller January. Lard steady, at Tec. for cash, 73c. seller December. Bulkmeuts ley of short rib middies, loose at 7c., short clear” jes quoted at 7c. « 7c. Bacon quiet: nothing doing. Whiskey firm at Yc, Freizhts to Builalo, 7c. a 8 Eeceipts—V,000 bbis. four, 119,00) bushels wheat, 224, do. a barley. | Shipments—8,000 ’ bi flour, 122,00) bushels 415,000 do. corm, 75,000 do. oats,"2,000 do. rye and 17,900 do. barley. UTICA CHEESE MARKET, Urica, N.¥., Oct. 13, 1873 Was iairly active, with a ut 7,00) boxes were offered are Was 14¢., ure. At Lit- 3 slow, he firmness of the saleanen, ‘The sales roche 6,000 boxes: the ruling price waslic., but 140. wus pald ‘in several instances, voral large lots are held over, cheese market to-day HAVANA. MARKETS, Havana,.Oct, 12, 1873. No operations in sugar, Stook in warchouses at Ha- vana and Matanzas, 216,500 boxes, and 7,000 hhds. Re- ceipts of the week at do. do., 600 boxes and 300 hhdsa, Ex- the week, 5,600 boxes and 250 hhdg, in- xeg and all’ the hogsheads to the United jacom quiet. Butter firm; superior American Flour firm at -American eure Sy. At $25 por quineal. Potniocs active at ‘allow quiet at $19 a $20 per quintal. 12 60° per_arrobs at $2 a $) nominal. " Onions er bbl. for American. tins quiet. Euapty hog: is White pine firmer; pitch pine nomial at $52 a $55 per Mj Ooks, box, steady at 4% reals; hogsheads nominal: hoops in talr demand. freights-nominal; per box of suxar, loading “t Havana for the United States, $125; per hhd. 61 do. do. $5; per bhd. of do. trom ports on’ the north coast (outside Dorts) to the United states, $6 5) a $7; per hha, of molasses loading at Havaua for the United tes, $4 Wa $4 75; per hhd.of do. from portson the north coast (outside ports) to thesUnited States, $4 ; to Falmouth orders loading at Havana, 458. 0 .; from ports on the north coast of Cuba, 605 & 65s. exchange nominal, FOREIGN MARKETS, Lowpon Moxny Marker —Lonpon, Oct. 13-12:30 P. M.— The amount of builion withdrawn trom the Bunk of England on balance on Saturday was 000, instead of £41,000, all of which was for shipment to America. Erie Raliway shares, 413g 1. rie Railway ahares 435. 2-7. M—Erie Railway shares, 404. 2:0 P. M.— The rate of discount in the open market, for three months’ bills, is 4316 per cent, or 1¢10 per cent below the Bank of'Engiand rate. Erle Rallway shares, 40%. 3:0 F. M-—Consols for monoy, 9274 8 2544 count, 93%. Erie Railway shares, 49. 3:45 P. M.—Tho amount of bullion withdrawn from the Bank of England h is for shipment to America 4 P. M.—| hares, 39%. 6 P. M.—United States new fives, 91%. robe; white, nominal demand at $10 Rauway shares, ‘ants Bourss.—Lonpon, Oct. 13.—Paris despatches at SB. M. to-day quoted rentes at S71. 960. ; at 2300 P.M, . T2 3:15 P.M, 67f. 700., and at5 P.M. 5 5 Fravxvont Bounss.—Frayxrort, Oct. 13.—United States five-twenty bonds, 9734 for the issue of 1862. Liverroot Corron Marxst.—Liverroor, Oct. 13—1 P. M.—The market is steady. Middling uplands, 93d. a OM hace Orleans, 24d. a Y}od. Sales 12,000 bales, in- cluding 2.000 for speculation and export. Sales of up- lands on the basis of low middlings, deliverable Novem- f uplands on thi ber, at 9 3-16d. P.M. on low middlings, shipped in Octo! 93-16 Sales of up- hipped October, at paate on the basis of good ordina: Liyerroo. Propuce Manxet—Lrvgrroor, Oct. 13—3:45 P. M.—Lard, 41s, 9d per cwt. Pork, 72s. per bbl, for new mess. LONDON Propuck Manger.—Loxpox, Oct. 13—Even- Od, @ Sis. per cwt. Oct. 13—4If. for fine pale Amer- ing.—spirits turpentine, 333. ‘RTROLEUM. —ANTWERY, fean, —————_>-__ FINANCIAL. (A TUANTIC SAVINGS BANK, Chatham square and New Bowery. Six per cent paid on all sums trom $1 to $5, MONEY DEPOSITED ON OR BEFORE OCTOCER 2, WILL DATE INTEREST AS FROM OCTOBER L HARRISON HALL, President J. P. COOPER, Secretary. Caantes D. Barter, Treasurer, T REASONABLE RATES—MONEY ON LIFE AND Endowment Insurance Policies, Mortgages and other Becurities. Insurance of all kinds effected with best companies, J. J. HARBICH & ©O., 117 Broadway. —LAPSLEY & BAZLEY, BROKERS, 74 BROAD- + way.—Stock and gold privileges fully explained, ‘with practical illustrations, in circular, with references, Circular mailed to any address. Full iniormation on application. eee FROTHINGHAM & COMPANY SE u a eee THE STOKES TRIAL. The Work of Swearing in a Jury More Difficult Than Was Aunticipated—Oaly Two Obtained Yesterday—Incidents of the Proceedings. The work of obtaming a jury on the Stokes triat tas turned oat to be more dilatory and exhaustive of the panels of jurors summoned than the first day’s success fu obtaining @ half dozen augured. Judge, counsel @m both sides, the prisoner himself and his {riends aml the witnesses are evidently Surprised at this renewed but unexpected obstrace- tion to the progress of the trial, All Saturday las¢ ‘was consomed in obtaiming one additional juror to the six obtained on the’ first day, and yesterday's session closed but with mine jurors sworn in all. At this slow rate the third trial of Edward 8. Stokes threatens to be a8 protracted as cither of the two former ones. Bat what 1s of perhaps greater interest to the de- | fence is the fact that jurors are to-day rendered as disqualified from their bias, optaions and preju- dices from serving on the jury as were the jurors summomed on the previous panels called im the trials of the case. There Was notaing of special interest iw the pro ceedings yesterday,. with the exceytion of AN BXPLANATION made by Mr. John H. Watson, who took the wit- ness chair to explaia the circumstances which ted to an imputation being.cast upon him lastSatar- day by D. D.. Orrell. An affidavit was now read; to the effect that he is now satisiied Mr. Watson's visit to him bad no improper motive. Judge Davia said he was satistied 1b was all a misteke, and Mr. Watson was exonerated from any charge of con- tempt of Court and allowed.to retire. The work of examining-and cross-examining the Jurors wag: tedions in the extreme, and the day’ session resulted only in the addition of two jurors to the Saturday’s panel. SWEARING A: JURY. ‘rhe first person. called yesterday was William. Fitzpatrick, a Broadway florist. All wend along smoothly unttlit came out that the witness had suppled flowers for Fisk's regiment, by order of Mr. Rushton, Then Mr, Tremain took him inshand and brought out the still graver fact that the wit- ness had once expressed an opinion that Stokes ought to be hanged right away. This, however, he asserted, was only said ina jocose way. He waa challenged peremptorily “by the defence; tuey could not relish such jokes, Evan P. C.ark, hardware,. No. 207 Bowery, had formed and expressed an opinion about the case and could not give an impartial verdict. In reply vo Mr. Russell the witness said he was. very con- scientious man, and that was his reason jor think- ing he was not entirely unprejudiced. Excused. fohn James Glasson, Jr., was challenged peremp- torily by the defence. Gardiner Thompson and. Philip Miller were ex- cused. ‘There was a long argument. over Thomas H. Mont-- gomery, agent to the Fire Underwriters. He ad-- Initted he had lormed an opinion that Stokes ought. to be hanged, but believed he could act solely om. the evidence, Judge Davis thought him qualified. Mr. Tremain. said he appreciated His Honor’s desire to get a jury, but it was a hard case on the prisoner to be tried by men who had once made up their minds that he ought to be hanged. In reply to the Judge, Mr. Montgomery said he beiieved his present opinion would not affect his consideration of the evidence, Judge Davis remarked :—It is diMcult to admints- ter the law as it now stands. Such an incident as that for which the prisoner is on trial naturall, arouses individual minds and creates opinions ant impressions. In this case a highly intelligent and respectable witness candidly admits having formed an opinion, but afirms that such opinion would not influence his verdict. Tne prisoner would be more likely to receive benetit than harm. from such opinion, as a juror of that character would give the greatest possible weight to the evidence in favor of the prisoner. ‘The detence challenged the witness peremptorily. CHALLENGED BY THE PROSECUTION, William C. Burniston, Jr., grocer, Fourth avenue and Twellth street, admitted that he has formed au opinion about the case. The prisoner wus will- ing to accept him, but the District Artormey ses him aside. ¥, L. Ames, @ young man, who belongs to a firm of bankers, has formed an opinion. As to whether this opinion would remain in the jury box and in- fluence his judgment (the statutory question), gave up that conundrum. He was excused. Charies D. Graff, druggist, said he knew little of the case, as he had been travelling, and he bad no bias whatever. Mr. ‘remain (commencing the usual interroga- tory)—Are you aware of the existence of anything in your mind at this moment *—— Witness (eagerly) —No, sir; nothing, sir. cure capital for incorporated companies, merchants manufacturers, mines ur Register coptains many Dames p..sses:ing Various amounts for investments. ALEXANDER FROTHINGHAM & COMPANY, 112 and 114 Broadway. N ACTRESS, OF GOOD REPUTATION AND ABIL- ity. desires to meet with a gentleman who would be willing to loan her afew hundred dollars for a short time, Address SECURITY, Herald Uptown Branch office. FLOWER & ©O., BANKERS AND 3, 18 NEW STREET, NEW ORK.— STOCKS, BONDS AND GOLD BOUGHT DN SaTis- PACTORY ARGINS; INTERES?! ALLOWED ON DALLY BALANCES. E.C, BENEDICT, R. P. FLOWER, H. H TRUMAN. EPOSIT TO-DAY. dhe Freedman’s Savings and Trust Company, chartere! by the United States, No, 135 Bleecker street, Ni Y Assets over $ J. W, ALVORD, President. G. W. STICKNEY, Actuary, A. M. SPERRY, General Inspector, SAM. L. HARRIS, Manager, Send for circular, JOUN J. ZUILLE, Cashier. XECUTOR FUNDS TO LOAN IN SUMS TO SUIT ON first class private dwellings on property in New York city for five yeare. Principals address EXECUTOR, box 319, Post office, New York. OR SALE—A SHORT SECOND MORTGAGE OF 000 on & fine seaside property, over 10) acres, In New Jorsey, worth $8),0): first morigage ix $30,008, Ave years torun. Address L. N. C., box 12) Herald office. HAVE $150,000 TO BUY FIRST AND SECOND MORT. Gaces—Also Leasehold Mortgages, ani will make Temporary Loans on Buildings in course of erection, Principals address ATTORNEY, box 113 Herald office, New York. ‘EW YORK GOLD SIXES DUE 1837, {$100,000 for sale, in sums to suit, GWYNNE & DAY, 16 Wall street, pore”, AND “CALLS.”—$10 TO. $100 WILL secure these pees on stocks, No risk operat ing in mau street on this plan. Many of these contracts during the panic paid several thousand dollars profit, and ail been auly honored by the makers. Explanatory cirenlars mailed on application; orders executed on margin, W. F. HUBBELL & CO., Bankers and Brokers, 89 Wall street, New York. AILROAD BONDS WANTED, First class Property in the lower part of Westchester county, lightly mortgaged, to exchange tor Railroad or Municibal Bonds, Bonds dna Mortgages or other first class Securities. H, G. BLACKWELL, 115 Broadway, room 2. Witlam, & JOHN O'BRIEN, BANKERS AND Brokers, 58 Wall street, continue to give their atten- {ion to the purchase and sale of Stocks aud Bonds on commission. wu ANY PHILANTHROPIO GENTLEMAN LOAN an American widow and mother $100 for six months; persona security given? Call between 3 and 5 P. M. at 170 Third avenue, top floor, front room; the need is immediate. Won aes FEW GOOD FIRST MORTGAGES ON city property ‘A180 $2,000 and $5,000 to loan in Brook+ lyn, AWARD & LEAVITT, 54 Wall street. $6. 000 ESTATE FUNDS TO LOAN (WITHOUT ompalanses/ tp Ho. big Pine street, room 1, $10,000 Ax®, $2iin Sitio $12.00 wud ‘$30,000 eee First Weintee st aoe” Apply to SAUL 8 WOOD, Jr., 155 Broadway. g TO LOAN—IN ONE SUM, WITHOUT $25,000 bonus, on first class Property only, and OW to buy a good F t Morty: low rate. ALLEN & HO’ 5kg.Pine street. TO LOAN, IN ONE BUM. ON as roved cit, ‘roperty. rincipals only, TioHCOCk, 64 Broadway, room 3s LOAN—ON BOND AND MORT- on improved and unimproved city es purchased. 8, 06 Wall street, $35.000 kh he $92 000, Fae, aig Teal estate, iret an Pee Bont 0) TO INVEST. THE PURCHASE $100.00 of First Mortgages on city improved property. DYER & CURTISS, No. $08 Sixth avenue, GOOD FIRST (CITY) MORT. no bonus; several sums, rang- f,g00d Second Mortgages SI Kast Seventeenth street. $273,000 ¥ ing rag anno, Sai $300.000 TO LOAN IN SUMS TO SUIT, ON first class New York and Brooklyn iinproved Real Estate; Westchester Morigages pur- chased. ©. #. WILLIS, Montauk Insurance Company, 163 Broadway. rel RESIGNED AS COUNSEL. John ©. Perry, republican nominee for Senator in the Second district of Kings county, resigned his position on the Board of Health as counsel yester- day. The salary was $2,500 per annuin, Should he fail to be elected, he will be out in t'xe cold. It was mainly through his influence that the new charter f none was passed in the Leulslawure last Mr. Graff was excused. Up to two P. M.no additional juror had been obtained in the Stokes case. JAMES D. CENTRE SWORN, James D. Centre, of No. 58 Varick street, wine E Sey stated that he read none of the Stokes trial. There are sO many murders, be only looks at the headings and editorials, if they are short; if they are long he doesn’t read them either. This opin- jen about long editorials impressed both sides so favorably that the gentleman was accepted and sworn, waking the eighth juror. MR. JOHN CROSSLEY—NINTH JUROR. Jobn Crossley, of No, 26 Broadway, carpets, said he took no interest in murder reports; don’t care for them, and has no decided opinion about the case. Mr. Tremain—Is there any bias or feeling in your mind? A. The only feeling I have is that t wish I was at my business at home, instead of here, Mr. Tremain—What’s that? Judge Davis—He is prejudiced from his business. Mr. Crossley was sworn. Ten jurors were called after the procuring of the ninth juror, but all were ‘ound wanting,” and at three o’clock the Court adjourned until this morn- ing, at ten o’clock. THE STATE OF TRADE. Matters at the Produce and the Cotton Markets—Failure of a Large Sugar House—Statement of the Firm. During the past three days there has been a decline in general merchandise at the Produce Ex- change of seven per cent, and it is believed by merchants that if this goes on a day or two longer there will be such general distress that fatiures among the small merchants will be numerous. Operations are almost at a standstill, and the contrast has been so great with the transactions of the week previous that the effect is all the more severe. Indeed. merchants are beginning to real- ize, it ig said by a prominent merchant whom the HERALD reporter interviewed, that they are only beginning to feel the effects of the late financial panic in Wali street. Money is very scarce, indeed. as scarce as ever, and little or no money can now be obtained to send out West to the farmers for their produce. This puta @ stop to the receipts of grain from the West, and is felt all the more severely that the canals are about to close and freights will rise immediately upon that event taking place. This is usually the most active part of the year, now that the or re in ana deliveries are being made. e late panic has been the cause of this state of atfairs, and not only the farmers out West, but the merchants here and the trade interests in purrs will suffer equally, The fallin gold, consequent upon the large amounts which have been lately sent to this country, and the premium upon greenbacks, have so deranged trade that foreign exchange has ceased to be quoted, and the consequence is that the market is ata standstill, Nobody 1s willing to buy bills of exchange ona declining market. The possibiltt ol a resumption of business on the o1 cannot be predicted just at present. AT THB COTTON EXCHANGE is ba ge Le gi Ae) stringency {n money, and opera' y wore ver! uncertain. During the afternoon there was a falling off of one-eighth, and the market was weak and irregular, There were only sales of 1,100 bales, which was very small Redeye p ofyear. The gross receipts were 6,313 nee the actual receipts were thirty-two bales, considering that the oor has been mainly gato- ered, i very small. It is hoped that.as the season advances tle money will pour in as the crop is sent to Euro} P&% SUSPENSION OF A FIRM. ‘There was @ suspension in the sugar trade yes- terday—that of the well known house of pare huribart & Livingstone, A HERALD reporter called’ in yesterday at their ofice, No. 91 street, and saw Mr. ievingseas = received a short state- nt from him, He said:— Our suspension will only be temporary, and — trust to be able to resume in a few di but I can- not in the present si of affairs ext ace The tightness of money and the imposail getting our paymentain has been the tmi te cause of our suspension. We do our ire mainly on @ credit basis, and just now credit is ata standstill. We of course have our real fali back upon and own & finery. But in the teow not Fae with any! sen except at sacrifice, and we preferred, under stances, to the course we did. condition of ira bas been a hard blow eral business and to Bu Sa untae lan 8 Te a cent of our inde I camnot make any the present business i exact statement of figures.” Ie was reported smgat men that tne aasets at ene tra ware. ee %1,000,000, wile the liabilities were abgut vhat sum