The New York Herald Newspaper, November 13, 1873, Page 8

8 PING AND COMMERCIAL A LIVELY STOCK MARKET. Advance in Prices and Large Transactions. MONEY STILL EASY. The Banks Now Hold $26,200,000 of Legal Tenders. STEADY. e Mailroad and Government Bonds Firmer. GOLD iA Cheerful Condition for the ; Moment. WALL STREET, } WEDNESDAY, Nov, 12—6 P, M. ‘There is nothing in the financial situation which “makes it necessary to add to or subtract from the gomments of yesterday. The stock market was wtrong; no rumors disturbed the board, and the ‘bulls had the day practically to themselves. Prices Beem to have been advanced for the purpose of felling, and the unloading process has already begun. Speculation was chiefly confined to West- ern Union, New York Central and Lake Shore, and @ good investment trade was generally distributed, It remains to be seen whether the market has any holding power. If this be demonstrated it will be more significant of the improvement for ‘Which all have been praying than any event that has yet occurred. If, on the other hand, a sharp ‘recession take place, especially without external pressure, it will only prove that a half dozen bold operators have combined for the purpose of manu- Sacturing prices, to the end that they may comfort- ably escape from losses suffered when these prices ‘were on the descending scale, It will not indicate ‘the real substantial strength that is desirable and the presence of the capital necessary to main- ‘tain the same. THE PRINCIPAL STOCKS Tanged as follows:—Western Union opened at 54, sold down to 5334, from which point it steadily ad- vanced to 5534. New York Central opened at 83%, declined 34 and improved to 86:4. Lake Shore sold mt 64% aG4s a Oh a 6g abd a dda dsad6absya 61; Northwest common at 8744 a 87% a37%4 a 37%5 preferred at 57; a 58%; Pacific Mail at 30a 2934 @ 3036 @3034 a 3014; Harlem at 108 a 109 a 1094, @ 109% 2110; Ohio and Mississippi at 241 a 23% a 243¢ a 2434; Rock Island at 863; a87 a 873s a 874% 887; Delaware and Luckawanua at 875; a8? a 884; Union Pacific at t74¢ a173; alTal7%al7ya 17%; ©, 0. and I. C. at 18% a 19a 18%; St. Paul common at 2634 @ 26 a 263g a 26 3¢ a 265%; preferred at 49; Wabash at 38 a 3834 a 38%; a 38% a 391%; Han- -pibal and St. Joseph at 193,419, The remainder of the quotations will be found elsewhere, THE MONEY MARKET ‘was again easy to-day, and accommodations were freely extended, Call loans were negotiated on the basis of 7,6 and 4 per cent. Business in discounts was active, the best names selling at trom 12 to 18 per cent. The banks gained $1,200,000 ‘dn legal tenders to-day, making the total now held $26,200,000. The loan certificates are being liqui- sated gradually. Foreign exchange is firmer for wixty days’ sterling, the rate having advanced to 20644 @ 106%, with actual business at this price. Sight sterling is quoted at 1083; nominally, with business at + less, Additional failures are reported in Pittspurg, sand some banks are reported weak, NEW BASIS OF STERLING EXCHANGE. It will be remembered that Congress last winter in determining anew and fixing at $4 86.65 the walue of the pound sterling, decreed that on and after January 1, 1874 (next New Year’s Day), the par of sterling exchange should be 100, instead of the 1098j, 80 long in yogue among cambists. By the following despatch it will be seen that the London Stock Exchange has courteously decided to make a corresponding alteration of the British ®ystem of calculating American values, the effect o! which will be to raise the quotations of our Becurities to their real par, thus doing away with the system by which our government bonds, for in- #tance, when at par, were quoted at91, apparently at a discount of 9 per cent. The despatch Is as sollows:— Loxpon, Nov. 12, 1873. The Committee of the Stock Exchange have adopted a resolution that 4s. (British) per doilar (American) shall be the rate of exchange alter the 3d of December, EXPORTS. The total exports of produce from this port for the week ending yesterday amounted to $7,229,773, mixed values, which is an increase over last week of $1,277,388, The exports for the corresponding period of last year were $5,227,617; and for 1871, $5,564,262, The total exports of produce since Jan- uary 1 this year are $257,539,247, against $199,767,701 Jasi year, and $204,847,327 in 15’ THE GOLD MARKE Gold was firm to-day, opening at 107 to 107 and Closing at 107% a Lo7sg. rates were 6, 4, 5, 7, 3 rate was ¥ per cent, The following have been the principal quotations in the Gold Room to-day :— {, declining ‘The carrying and 2 percent, The inal 1 . 107% 1:30 P. + 107 1345 P.M. + 107 2P.M.... + 107% 2:30 P, M. + 107 P.M. + 107 10734 aoe 107% business at the Gold Exchange Bank 1073 ‘Was ag foillo Goid $30,058,000 Goid t 1,065. 786 , Currency balances. . 1,445,876 The following is the Clearing House statement :— Currency exchanges. + $43,322,388 €urrency balances 1,502,285 Gold exchanges. 1,854,090 Gold balances, 589,701 ‘The steamship Russia, which sailed tor Europe To-day, took out $45,856 in silver bars, THE FOREIGN MARKET. Late cable advices states that a buoyant market xists for consols and American securities, the ad- wance of the former being 4 per cent and of the Matter 3f a % percent. The Bank of England rate remains unchanged. The gain to the bank to-day ‘was £117,000. Friday is the fortnightly settling day. The following are the late quotations :—Con- sols for money, 92 5-16 a 9234; Consols fo ount, 92%; five-twenty bonds of 1866 (old), 92 a 92%; dive-twenty bonds of 1867, 95%§ @ 9594; ven-forty bonds, 90)¢ a 90)¢; new fives, 90);; Erie Ratiway e@bares, 3634 @ 35% for new account; New York Central sbares, 7234 a 73. Jn Paris rentes are buoyant at 67.05. Quotations in Amsterdam were as follows:—Central Pacific dirst mortgage bonds, 76%; Union Pacific Orst mortgage bonds, 644; Union Pacific shares, 16}4; Northwest preferred, 62; St. Paul preferred, 44)/. RAILROAD BONDS. The demand for this class of securities to-day ‘Was strongly illustrative of the determination of buyers to invest where their money would produce @ certain profit. Prices were stronger and a nota- Die advance took place, as will be seen from the Jollowing sales:—New York Central sixes, 1887, 5%; Erie third mortgage, 93; Long Dock, 90%; Lake Shore dividends, cash, 63%; Central Pacific Mrst mortgage, 73474; Union Pacific sevens, land grant, 4)¢; Union Pacilic tens, income, 45; Albany and Busquehanna second mortgage, between calls, 98; Delaware, Lackawanna and Western, Convertibie, 93; Hannibal and st. Joseph eights, convertible, between calis, 66; Morris and Essex Hirst mortgage; 99); New Jersey Southern first Mortgage, 40; dd, between calls, 2 pond Pittsburg fourth mortgage, 83 3 Cleveland 3 Ohio and Mis- NEW YORK HERALD, FHURSDAY, NOVEMBER 13, 1873.—TRIPLE SHEKT. sissippi consolidated sinking fund, 85; St. Louis and Iron Mountain first mortgage, 87; St. Louis and Iron Mountain second mortgage, 71; Colum- bus, Chicago and Indiana Central first mortgage, 74%; do., between calls, 745¢; Erie fourth mort- gage, 90; Central Pacific gold, 85; Pittsburgh, Fort Wayne and Chicago second mortgage, 9734; Canada Southern first mortgage, between calls, Morris and Essex second mortgage, 9534; Louisville and Nashville consolidated, 1898, 87; Toledo and Wabash second mortgage, 80; Hannibal and St. Joseph eights, convertible, 67%. The following were the bids as amended at the call:— New York Cen 6's, ’83.. 8614 85% Pe Task Kdaf 7's con. 3 ‘ol & Wab Ist mex. Tol & Wab Ist m, St Ld 7336 Tol & Wab 2d m. 8) Tol & Wab cons ag5 72 New York Cen 8, 7 New York Cen 6's, r. Erie 34 m 7's, ¥rie 4th m 7's, ¥ s, NJ Cen Ist m, new, Alb & Susq Ist bds. N J Southern Ist m Alb & Susq 2d ba: Mich Cen con 7°, 190 Chic & Alton income Ohio & Miss con sf. Ohio & Miss con... ; Onio & Miss 2a ah, con. 685g St Louis & 1M ist m... $7 IM 2d st ™. Ist’ m 7436 2d m 53 Tol, Peoria & War, ED. 65 Tol, Peoria & War, WD 65 NY&N HOS. + 95 Bost, H & E Ist 'm. Bost, H & E guar. Del, Lack & W'2d m.... 97 THE UNITED STATES TREASURY. The following were the balances in the Treasury at the close of business to-day:—Currency, $3,800,000; coin, $79,000,000; certificates, $28,650,- 000; outstanding legal tenders, $362,340,000—an increase of $570,000 since the 11th inst. ‘rhe receipts {rom customs to-day were $176,000 ; from internal revenue, $175,860. The customs re- ceipts for the week were $1,750,000. The Assistant Treasurer paid out to-day $69,000 on account of interest, and $49,000 in redemption of five-twenty bonds, The payments of November coin interest to date amounts to about $4,000,000, GOVERNMENT BONDS were in better demand to-day and at firmer prices, especially at the close:—United States sixes, 1SS1, registered, 111'4 a 1113¢; United States sixes, 1881, coupon, 1124; United States five-twenties, 1862, coupon, 106% a 107; United States five-twenties, 1864, coupon, 106% & 10733; United States five- twenties, 1865, coupon, 107% a 107%; United States five-twenties, 1865, coupon, new, 110 a 11034; United States five-twenties, coupon, 1867, 110%; a 1114; United States five-twenties, coupon, 1868, 110%; United States ten-forties, registered, 105 a 106; United States ten-lorties, coupon, 105 a 10533 United States fives, 1831, coupon, 106‘ @ 10634; Pacific Railroad sixes, 109, SOUTHERN SECURITIES were generally stronger and higher, old Tennes- | sees closing at 65 a 68 and new 654 a 68; old Vir- ginias advanced to 33, bid at the close; new closing at 35 bid; Georgia common bonds 59 bid, and sevens 70 a 93; old North Carolinas are 213, a 25 and special tax 6 bid. Old South Carolinas rose to 22 bid, the January and July issue closing at 834 a 10 and April offering at 20, Plain Missouri sixes sold at 8644 a 85% a 85%, closing at 8514 a 855, and the Hannibal and St. Joseph issue at 81 a 84, BANK SHARES, Bank shares were quiet. Commerce sold at 110; Fourth National, 84, and Park 120, The latest bids were:—New York, 110; Manhattan, 135; Mer- chants’, 100; Mechanics’, 110; Union, 125; America, 135; Fulton, 125; Greenwich, 205; Leather Manu- facturers’, 150; State of New York, 96; Commerce, 110; American Exchange, 100; Bank of North America, 60; Hanover, 95; Market, 110; Corn Ex- change, 105; Importers and Traders’, 155; Park, 120; Fourth National, 84; Ninth National, 90, HIGHEST AND LOWEST PRICES. The following table shows the opening, highest and lowest prices of the day:— Opening. Highest, Lowest. N. Y. C. & H.R. stock con.. 8334 Bby 83 | 108 108 39 64 Northwestern p: Rock Island.... Fort Wayne. Milwaukee & St. Pau! Milwaukee & St. Pau Ohio & Mississippl.. New Jersey Central New Jersey Southern Union Pacific. Pacitic Mail... 3034 Jn Philadelphia stocks were dull. We quote:— Pennsylvania sixes, 107; Reading Railroad, 49%; Philadelphia and Erie Rajlroad, 14; Pennsylvania Railroad ex-dividend, 42%. MEMORANDA. The business of the Ventral Railroad Company, of New Jersey for the ten months ending October 3i compares With the corresponding months of 1872 as follows :— 1872. 1873, Increase. + +++ $6,003,232 $7,479,806 $1,476,663 3,556,992 586,028 38 Net earnings... $2,466,239 $3,893,867 $1,427,627 Alter providing for interest, taxes and all other charges the net results of the business show ten per cent earned on the stock in ten months, of which jour per cent was divided in July. SALES AT THE NEW YORK STOCK EXCHANGE, ‘Wednesday, Nov. 12—10:15 A. M. $4000 US - 111g 10000 U § ‘5000 + WN13Z Gu000 US 5.2 4009 200.0 US 6's, 6, ‘31. M.—Before Call. YORU RR. SPSS’ t+ R statatataner ee ww a lw 0, 0 & Ww do. iCKR do. “ C&HRER ei) 2100 NY wn do... Board—10:30 A. M, 100 she Erie Rit 15 Harlem RR.) 100 Mich Cen tet WLS &M SRK 100 “be B00 StL & 1M dd... | | | food do., | 100 300 100 6 | 200 100 do. | WW, C at ORK 18 10)" do..... 1594 | ou | 500 | ae. a OY 1000 West Un 10000 Ca South Ist py ~~ Bank of ©o1 50 Lon Coal... e 4 5 Del & H Canal Co.. 105 550 Pacific Mail.....b ¢ 29) 200 do. SSCSRTS TESTES SS BLELES * a . « R..be 100 Chi & N W RR pt. u do pr BS a ae nad Seeeescleeeesn: 32 wo do. 100 H & St Jo R 100 H & StJo ee > 200 do. . ‘a 200 Chic & alt RR. 200° do. bs 12115 to 2:15 £17000 US 5.206, °65, 20000 U 8 5-20, 9, ’67. bc. n. 110 @ 110 5.00 LS 5 10.00 US) 2000 200 50 shs Chi & N W RR. 20 L > & MSRR, 300 do. 50 Consol Coa! 5.0 Pac Mss Co 500 as ul a 50 Bost, H ie 10) Han’ & 8t Jo R. 200 do 20 do. i 20 Uhio & Miss RR... econd Board—1 P. M. $200 Missou! YC&HRRR 8535 | 5 do. do. 86 5000 do. a 84% Jou) Erie 4th in : do. & 4200 W Un Tel bds.b¢ 85 4034 4uuu Cen Pac gid bus. udu Un P Rit stm. 400 b 50"Erie RE pret... WW do... be 50 Cley & Pitts, giar.. WLS &MSRK...be 2 do. 85, 3g do 400 do 5u00 U Pac i's, 3 m 1W) shs Maryland Co: 20) Wells Fargo Ex. 5 US Express. ) 0. 20) Mil & St Jou TO! W& WRK be 5 ¥, htWa C guar.be 60 Del, L& WK, .D do: ‘4 195 1 oe Be 2:30 to 3 P. M. B00 shs West Un Tel...c 8% 6N0shsNYC&HRRR 06 0 o- i, WN do. 4 10 25 Con Coal 42 . gH vac Miss Us. 80 0 30% Ww Erie Kit 4132 10) Chi & NW Ri 300 M & St Paul | wo do. 15y Mil & Ste 10) Vol & Way joy ¢ 1) Ohiu & M 100 Han & St Jo WO, CALC ER duu GO ....... 400 Atl & Pac jp) Chi & NW pref, 58% New Jer Cen... sai Chicago & KI,, Mila stPaul,.. 2 Mil @ St Paul pr 4 Toledo & Wab.. Ohio & Miss... Han & St Jo.... Hau & StJo pi GCale.....; Western Un Tel 5514 a Quicissilver pt.. Zs Pacific Ma COMMERCIAL REPORT. Cotton Firmer=—Flour Steady—Wheat and Corn Were Firmer—Oats Steady= Pork Nominal—Lard Firmer=Groceries Unchanged—F reights Easicr—Petro- Jeum Nominal—Naval Stores Dull and Unchanged=Whiskey Lower, WEDNESDAY, Nov. 12—6 P, M, ‘The trade movement was moderate to-day, especially on ’Change, the business in wheat being retarded by the paucity of supplies afoat. Flour was dull, but without decided chapge. Wheat was very dull, but firm, though at the close it would have been dificult to sell at any improvement on prices current the day before. Corn was scarce and firmer in consequence, Oats were steady. Whiskey was a trifle off under free receipts, Pork was still nominal, while lard was irregular, but closing firmer, Groceries remained quict, but values were held the same, Petroleum remained dull and nominal, Naval stores were also dull, but prices were not essentially changed, Cotton was in good demand at 3yc. per Ib. improvement for lots ou the spot and 440, per Ib. for forward delivery. Borren.—The market remained quiet The receipts were liberal and stock shows some accumulation, quod a8 follow New York State and Pennsylvania selected pails, se. a 42e.; do. firkins, good, 35c, a 380. ; fair to Bic, to She; State half firkin tubs, good to choice, 386, a 400.; fair to good do, Se. a 38¢.; common ir do., le. a 26; State Welsh tubs, good to chulee, fair to good do., We. a Me. ; common to fair do., 26¢ + Ohio Western reserve, good to choice, 30¢, f Ste, ; fair to good do., 26c, a We. ; Indiana, Niinols and Cenwal Olio, woud bo choice, 29¢. a 82¢,, tai fo ZoOd dow | ath 300 at [edge,, 300 at 1 common to fair do, 20c, a 25c.; baker's but- ter, We. a 22, ; Michigan, good to choice, 300, a 83¢, ; fair to Kood do., 25e. a 39e. Cusesx.—Demand very moderate both for export and local requirement, Stock on hand comparatively small We auote :—New York State factory, strictly prime, 4c. & 14sec, ; good to choice do., 13¢. a 18%e.; common to fair 10c. a 1c. ; Chio tactory, good to prime, l3c. a i ir to. , c.; do, common to fair, Ke. a lg. ; New York, Ohio ims, 6c. a orron.—The market tor spot cotton ruled fairly active and closed firm at an advance ot rib, Future de- “Ot Se. per Ib. liveries were strong at ai quote :— Upland, Alabama, N. Orteana Texas, Ordina 12% 135 1 i Good or 13% iy 1 Strict good ordinary’ 18 “* Wh 14! Good middling Ww 1683 i —The quotations are based on cotton in store running in quality hot more than haifa grade above or below the grade quoved. The sales were :—~ To-day. Last Evening. Total. Export... a in 00 2248 Consumption. 23 Pr 783 In transit... _ 3” Total: oo 206 1,060 included he above are 155 bales to arrive, Fortuture dehvery (basis !ow middling) the sales have been as fo!- Jows:—Last evening aster three o’clock—November, 100 16,» 30) at 1h 7.320. ; J. it 14,c., 300 at Lb at lidse,, 200 at 14 17-32c., 200 at 14 L-fGe., 620 at 14 9-160, Wd'L-16e., 20) at 14 9-16c., 200 at 100 at 149-ldc.; January, 600 at 4 19-5e., BOO at 14 9-16e., 100 at 14 19-%de., 19-82c., 400 at 1439¢., 300 at 14 19-326., 100 900 at 14'15L2c,, 100 at 14¥ge,3 500 +» $00 at 14 15-16e, 700 at he B5.82e. 15-1 ‘i 5) at 14 13-16c. ‘at M7%c., 30) wt 15 1d-16e., 206 al 1 at 14 15 Ye. BO) at 14 31°32e., 100 at 15 1-l6e., WO) at 15 1-8c., 10) at 15 L-lée., 100 at 15%c., 400 at 15!¢0., 100 at Siyc., 200 at ib\e., 20 at 15 3-l6c,, S00 at 1d3gc. jarch, lodat i5{ic., 400 at 154¢c., 200 at 19 7-Lue., B00 at 15 T-l6e., i) at 154;0., 400 at Ly G18ec., 400 al Yoige. 100 at 15 9.160.) ILO at Ldsge., 20 at 15 7-16e.; Apri I 100 At’ 18 1elée., 100 at Ie, 200 at 15 13 oO bases. Grand total, 3240 pales. The re- peint! al the ports were:Galveston. 1773 bales! New Orleans,” 8,108: Mobile, 691; Savannah, 5,013; Charles- 3,38 81's Norfolk, ‘1,761: ew York, 838; Boa-on, 338, Total, day last week, 24,059 bales, This day last vear,s 14,185 bales. Rates cncotton to foreign ports were quoted as follows:—To Havre, by steam, . compressed; no sail. to Bremen, by steam, Lge, ‘To Liverpool, $160. a, sed. by steam; 2d.-a P1641.’ this week; 34d. a 9-16d., by sail ‘Corrgx,—The market continued dull, with transactions confined to unimportant jobbing lots Prices were unchanged and quoted BOmcaly as follows:— Kio, ordinary cargoes, 9c, ba 193gc.; fair. do, Me, a Wie; good do., Be. a Ze. 5 prime do,, 220, a je. t extreme range tor lots, 194gc. a 224xc., gold, per ib., ss 250. a 'eylon, Ties c. 100 at M4 Zi-2e., 100 at 14 1dSve., 10) Bt 143,0., ath iiraca 14 31-G2c., 200 at 14 15-ée., 409 at 14 15-16e., 100 WO at 14) at 1427. U0 at 14 29-520, Wilmington, 4.4 6y and 90 days’ credit; Java, government bag: 2 oe 8 2 Slag Sno 2c. a Bc. ; faracaih 4 wise. t Laguavra, St. Domingo, 22c, a 2344c. Costa, Rica, ‘2c. a 22330. } i pile. a milla, 2l3gc. & 28c.; Curacoa, 3 ise. a Je, Frour. AND Graix.—Recelpts—Flour, 10,743 bbls. ; wheat, 70,155 bushels; corn, 3,300 do. oits, 63,382 do. barley, 29,000 do. The tour market ruled dully but price were nominally unchanged. The salessince last report + foot up 18.40 bbis., Including all kinds, at prices within the range of the following quotations. Corn meal was 19'ac. Porto Mexican Rico, inalt demand, with sales reported of 1,000 bbls. at $3 86 2 a io tor brandy wine, $3 09 for golden ear, $8 60 for prize medal, $3 r golden star, $3 45 a’ $3 5U tor Marsa’ calgrit, $9.35 4 99 45 for Weitern, $3 4) a $345 ior Jersey. We quote : No. u Sine. $3.75 9 $425 Superfine State. 300 a 526 Extra state. 575 a 6) Gholee state... 650 2 675 Suporiue Weste 50) a 545 Extra Westera 575 a 62 xtra Minnes9ie 61S a 800 Round hoop oi 565 8 60) Round hoop Ohio, trade brands. 6 a 700 Faunly 790 a 890 St, Lowi 6 a 650 875 a 770 75) @ 850 890 2100) Nominal. 435"a" 600 Southern; Nord... 40 8 50 Southern, superfiuie. 5W a 500 Southern, extra. 60 a 800 Southern, tamily . S00 all 0 Corn meal, Western 310 u 38) rn meal, Jersey. 315 a 350 Brand: 380 a 3% 34 9 380 ISO to. b. athe wiead inarkei was firiner batvery dull, and closed at about $1 4) a $1 31 for No. 2 Chicdgo and $1 35 tor Milwaukee, The sales Were about 4°,W bushels, mostly ots, at $1 29 a $l 32 for common Whicago and 35 @-$1 36 for No. 2 Muwaukee, $1 60 tor white adu, in bond. Amber aud red wheat were Corn’ was scarce and firmer, closing at about 4c. a Gle, tor suil, mixed. The sales were about 74,00) bushels at 60%gc. a 6c. for mixed; yellow nominal’ at 6ze. ane while at 70c.. Oats were sieady, with sales of 45,000 bushels at 45c. a 4744¢. for mixed, car’ lots, and 463c. aive, for white, market closing easy. Warley and rye Were neglected, with values nominal in the absence of Teported transactions, : YkED.—Market quiet. Sales 20 tons of coarse at $18 per ton, quoted as follows :—100 ibs, Sharps, $24 a $25; 100 Ibs. No.l middlings, $22 a $24; 80 ibs., or No. 2 middlings, $20 4 $21; 60 Ibs. oF No, 1 teed, $18 a ‘$19; 50 1bs., or medium teed, and 40 lbs, or No. 2 iced, $18 a $19: rye feed, $18; ground teed, $22} cob meal, $20 per ton, Freicnts—Inthe line Of berth freights business con- ye jot materially lower. ee emma ae annie aie oie Naa sie 13%. ; strict good ordinary, fc. re z30 Tiles Baports coastwines Bi Malem BO. Sock S)8 Witwixaton, N. C., Noy. 12, rite of turpentine steady at Si ic.” Rost steady at for strained, Crude ntine quict and steady; Tuy fer bass, $2 65 for yellow dip and $2 12 tor virgin. Osweao, Nov. 12, 1873. steady and unchanged ; sales of 1,700 bbls. at $725 $8 25 tor amber winter, $9 for white win- ady, but quiet; extra, at a is No. 1 Milwaukee club at'$h 40. Cora Bie. Barley dull: sales of st 20 for Ear a peat to Alban: Jumber, $3 25 to ludsot road freights—Flour to Piiladelp 5. 80C. 5 to y, 420, Corn hia and Receipt Shipments New York wheat and 15,300 ao bal flour, 22,900 bushels wheat, 71,500 do. barley and 437, feet of lumber, ¢ amount of grain on the canal from Buffalo and Oswego 101 le water enteraay noon, as near as can be ascertained, was 4,8/4,157 bushels, com- rising 2,501,606 bushels wheat, 1,519,933 do. corn, i 10, 0848, 347,154 do. barley and 24,763 do, rye. Buvraro, Nov. 12,1873. Take and rail imports for the last twenty four Hours: — Flour, 10,92 bbis.; wheat, 470,809 bushels; corn, 180,400 do. . oats, 43,100 do. ; barley, 12,00 do. ; rye, 82,600 do. Ua- nal shipments—Wheat, 314,70 bashgis: Corn, 174,061. do. rye, "24406 do. Rail exports—Wheat, 28,400 do.; oats, 29,1 Canal freights firm; Flour steady; Western spring a 7 & $8; amber, 5 white, Wheat—No dong except in car Guoted—Milkaukee No. L spring, $1 28; Milwaukee No. spring, $1 28; Chicago No, 2 spring, $1.17; red winter, $1 45 4 $1.50; white Michigan, $1 65 a $1 70. ‘Corn steady; sales of 10,000 bushels No. 2 at 48igc., 3,000 do, do, (rein- nant) at 48¢.; 2,000 do. do. (remnant), at $47c., 1,00) do, high mixed at 493gc," Oats firm; sales of 12,000 bushels Ho. § Chicago at S99c., 1,700 do. in lois, at dlc, a 42c, Other arucles unchauged. bbis. of 574 do. ashels do.; barley: ; Ie. 2 TorxDo, Nov. 12, 1873, Flour in. fair demand, Wheat in air demand and higher, at $1 335g a $1 34 for amber Michigan, cash; $1 34 a $1 36 December: $13) a $1 4 January; Nov 1 red, cash, $1 40; No. 2 do., $1 293g: Deceinber, $1 80; Jannary, $133. Corn in tair demand and higher; Sales of high tmixed, December, at 4c. ; January, 44340. ; low mixed, 43¢. Oats firm and in tair demand at $43ge. for No. 2, Receipts—9,00 bushels wheat and 11,000 do. corn. | Shipments—1,000 Tb.s. four; 5,000 bushels wheat and 21,000 do. corn. Curcago, Nov. 12, 1873. Flour quiet and unchanged, Wheat opened firm, but closed dull; No. 1 spring sold at $i a $1 03, the latter for Northwestern; No. 2 do., $c. a 96e. ; closed_gominal af 943¢c. cash; December closed at 46+ Ja nuary, 97}¢. 3 S'do.. We, a 93ge,; rejected, Sze. Corn opened firm but closed dull; ‘Sales of No.'2 mixed ut 35%c. cash; ‘ise, December Sr4e,, January ; rejected, S4'ge. Outs opened firm but closed dull, at 29e. fc 2 cash; 29isc, &2)%c., Decemler; rejected, 27c, a 27. Kye steady, t Giige. wecording to location, “Barley dull an lower, at $1 2Utor No. 2 fall; 81 bio for No. Zspring, Whiskey steady, at 87¢. Provisions quiet and unchanged. Pork meer cash, easier for tuture; sales at $il 50, cash; $11 % bid, December; $12 20 a $12 25, February. Lard steady a: 6)<c. a 6%c,, cash; 7! January; February, Bulk dy at Sic. a Ge, for sh rib middles; 6c. for short clear middies; 5%c. for long clear middle.” Green meats quict und ‘unchanged, Freights—corn to Buffalo, 6c. Receipts—9,000 bbls. tlour, 115,000 bushels wheat, 47,000 do. corn, 30,000 do. oa's, 1.000 do. rye and 20,00 do." barley. — Shipinents—6,00)' bbis. flour, 77,000 bushels wheat, 105,000 do. corn, 14,000 do. oats, ‘and 3,000do, barley. BOSTON WOOL MARKET. Boston, Nov. 12, 1873. ins quiet, and there are No new features to notice. to manutacturers are confined to sinail lots as they are not disposed to purchase beyoud the supplytng of immediate wants. "there is not much ressure to sell, but wherever sales are torced low figures jave to be accepted. Sales have been made of extra and double extra Ohio and Pennsylvania at 47c. a 0c. per 1b. Michigan and Wisconsin at 42}.c. a 46c. and superfine and extra pulled from 40c. a 5c. Combing and delaine fleeces are quiet and cannot be quoted over 5) a S2c. per Ib. HAVANA EXOHANGE, Havana. Nov. 12, 1873, The wool market ren ra Sugar—No, 12 D. 8, 1c. a 12\c. per arrobe. Ex- chan rm; on the United States, days, cur- E hort sight,’ 62 premium; 69 days, gold, 63 a 64 premium; short sight, 71 a 72 premium; on London, 8 a8 premium; on Paris, é2 a 63 premium. EUROPEAN MARKETS, Lonnon Monry MaRKeT.—Lonpos, Nov. 12—12:30 ¥ Consols, for money, 9214; for the’ account, 925s United States bonds, ten-forties, 9034 ; new Ss, Railway shares, 33%. 1 P. M.—Consols, for m a 2%. “United States five-twenty bonds, 1367's forties, 93g; new fives, W4. Erle Railway 2P. M’—Erie Railway’ shares, 34%. 3 2. i way shares, 34%. 4 M.—Consols, tor money, 92'4 a 9234; tor the account, 93% 'a 92%. United States five- twenty bonds, 1865's old, 92° 1807's, © ew fives, 9%. Eric Kailway’ shares, 359 for the new account. Panis Bovrse.—Lonpox, Nov. 12—12:40 P. M.A de- spatch from Paris quotes réntesat57/. 5c. 2 P, M.—French rentes, 56f. 85c. Liveeroot Corton MaRKet.—Lryerroot, Nov. 12-4 P. M.—Of the sales to-day 7,200 bales were American, Sales of uplands, on the basis of good ordinary, shipped De- cember and January, at 8 %16d. Cotton’ fo arrive—No transactions; sellers demand an advance of 1-16d. The market is steadier; middling uplands, 8%. ; middling Orleans, ea. Bales 12,000 bales, including 2W; for speculation and export.’ Sales of uplands, shipped No- venper and, December, on the basis of good ordinary, at 8 3-16d. LiveRPoot Propuce Market.—LiverrooL, Nov. 12—4 P. M.—Tallow, 39. td. per cwt. Loxpon PRopuce Market.—Lonnon, Noy. 12—Even- .—Spirits turpentine, Sis, 6d. per cwt. ETROLRUM MARKET.—ANTWERP, Nov. 12—Petroleum, 36}g!. tor fine pale American. FINANCIAL, — but at generally be im. The engage- incuts were :—To Liverpool, by steam. 24,000 bushels of grain, for steamer of the 22d inst., at 13d. ; 5U0 bal otton and by sail 16,000 Dushels ot corn at dot. w 5 236d. 5 100 bales n At ted. a 9-16d, To London, by sail, 5000 bushels grain at 14%d.; 1,000 bbis. flour at 4s. 3d. To Bristol, by steam, 6 ‘Dbls.-tour on private terms. In charters We heard of an Austrian bark hence to Cork for orders, 4,000 quarters grain at 9s. 0d. ; an Austrian bark (rele) hence same voyage, 4,300 quarters do. ut ad. ; a North German bark hence’ to Kio Grande, 3400 bols. Hour at $1 $5 aud five per cent primage; a British bark hence to Liverpool, with 28 bbls. of petroleum and general cargo at a lump sum: a British bark, about 5H) tons, hence to Lisbon, full cargo of ease tobacco at we. and five per cent primage; German bark trom Philadelphia to a direct Continental port, 3,000 bbls, of retined petroleum at 6s.; another irom do. to Bremen, same capacity aud rate. The market closing with a tair inquiry for ve: butat lower rates, iitoes.—The market has suowh & moderate degree of activity during the past week, but at irregular prices at the close. We quote Selected Buenos Ayres, 20 a 30 Ibs., 234¢. a 2oe., gold, per Ib.; Montevideo, 20a 22 Ibs., o Grande! and ‘Buenos’ Ayres greet, salted cow’hi se entral Al g ides, Ase. a 13%e.; Orinoco, merica, 22c. Maracaibo, sulted, I¢c. ; do., ary, Ie. a We, ; Permamibuc dry sulted, loc. ; Babia, do. Ve. : do. nt Tainpico, Jigc.; California, dry, 23%¢.? dry’ Texas, 21a 26 lbs. 323,c, & 2c. currency; city siaughter, 9%. a valewita Dutta, 133g. 4 14 1d we. Calct oC., KO WvaTHen.—The market for heuilock sole has continued quiet throughout the past week, and while prices have exhibited no partes ty wes, they somewhat favored dry, 180, the buyer. We quote : 103 Ayres licht weights, 2735 a2sc.; middle do. zsige. a We. ; heavy do.. c. & 200. ia light, Zoic. a middle. do. 28ige.'a 27e.; Orinoco, &e., light, 25}4c. & 26}ac. 3 7c. ; heavy do, 2c. a Wige. Oak he. a soie continued qulet. ‘Movasses.—The market remained dull and prices nom- —New crop—Cuba, centrituzaland mixed, layed. 2ic, a 26c. : lo. muscovado reining, Ty, 3c. a 3cc.; Porto Rico, 2c, & 2.; New Orleans, 70c. a S0c. tor spirits of turpentine continued quiet, but appeared to be about steady at 39c, jor merchantabie, in yard. Sales were reported of 2 bpls., in yard, at'30c., and 25 bbls., on the dock, at 4c, Strained ‘rosin was quiet, but about s $2 7) for common to good.” We heard of sal at$2 65. The finer grades were rather easier. 25) of No. 2 were piaced at $2 75. Tar was moderately active The sales, including all kind: wo bbis. bbls, da shade firmer. 8, TOOT | up 00 bbls, all at $3. Pitch duil; quoted at $3 1255 a PeTroteuM.—Market dull for all descriptions, and rices nominal, Ketned quoted at Me., spot; 13%. tor last half of month und. 1334c. tor December’ delivery, Crude, in bulk, at le, @ 5g¢. ; cases at 19%4e, a 19%40,, atid Naphtha ace, tor city. “the Philadelpnla market was inactive and Values nominal; refined quoted at Ide, tor balance of month and 133c. for December delivery, At the oil producing points the mazket continued dud, but values were not essentially changed trom those ‘pre- viously quoied. Provistons.—Receipts—Pork, 145 bbls; beef, 67 pack- ages; cut meats, #6 do. ; lard, 567 bbis. and tierces. The marke: tor mess pork remained inactive and nominal. Jobbing lots to the amount of # bbis. were placed at $15, Bacon—The market raled firmer under atuir demand, mainly for torward delivery. We heard ot sales of 100 boxes of city long clear, spot, at 73gc. ; 100 boxes of short clear, tor January, at Zc. ; 1.00) boxes of long and short clear, for Deceniber and January, H74¢. Dressed hogs were quict and unchanged: quoted at from fo. a jor the range ot heavy to light. Beet remained quiet, with prices not materially changed. In lots 40 packages were placed at prices within the range of $5 5) a $10 for plain mess bbls, $12 a $13 tor exirado. bis, $18 nominally tor new prhine mess tierces 22 0 $i 4 do. tlerces. Beef hams were out $15 a $23 for common to materially changed io reported. of only small lots at pre- Vious figures. Lard—The market for’ Western was firm Under a fuir request, We heard of sales of 6) terces for + 2,760, November at7%c. 1,700 terces for January at 7%) Herces for February at 7 3 Tics, 200 tierces of choice kettle at 7) a of city steam on the spot a3 7lac. Rec rket quiet. Transactions in @ jobbing way prices. The sales toot up :—25 tierces of & 7%4C. and 175 bags of Rangoon at 6gc. ‘on & 69:C Rvaan.—There was a limited demand for raw with prices quoted steady, on the basis of 6c. a 7 fair to good refining. We ‘heard of sales of 14 hh common Cuba at , 360 hhds. of good fair de and 112 hhds. of good ic. The market fo quiet, with standard “A's” quoted al 9c. a 9 and Crusted, powderel and granulated at 9c, a 9%. We quow ; terior to common 4c. a Be thir 10 feed fair, Ge. a 6%e.; Quod to prime, tc. w 7g TUCCEY, MALE to KOO, 7540. Tac, P to choice, Tye. & ree Gontritugal, ilds, aiid box 46-5 molasses, : : e 5 6 Verio cery, air w choice, A, Now 8 to 12, 5) : gat Note Tae. a Tees Superior and extra perlor, 6340. a 64c. “rusuiss was steady, with sales of 190 tierces at 7%c. # 8e. cow continued if fair demand at steady prices. The sales foot Up LOUK) Ibe, at 6%q0 a Zo, Wiuskky.—Receipts, 1,085 bbis. The market was mod- erately active at }gc. decline, Sales 40) bbls. at 91)yc. per gallon, DOMESTIO MARKETS, Gaireston, Nov, 12. 187%, Cotton—Demand light; gool ordinary, 12s¢0.; ordine ary, le. Net ipts, L175 bales. LxXporis comstwise, 7s. "Sales, 1000. Stock, 27,108, nrmae: soot, aon mT eS Cotton rs we lemand; middlings, 3 low midulings, I3ie.: strict wood ordinary, 120," Net eeipts, 3 Gross, 581, Exports to Great Britai 380, "Bales, 3,00, tevening, 4,000, Stock, 48,778. Monti, Nov. 12, 1873, middngs, 10. ; ordinary, ' 12%e. ‘ine, 826. ules, 810, + falr demand; ( 4.3 atrtet good ta GOL bale vening, 40, Cotton stead. middiings, | 13) “Sports coastw 21,070, f Tat © Sto! pavanwatt, Nov. 12, 1875, Not 'recebpis, Bly 1,680; COMsLW ine, 2,048, 1873, wide, low middlinyg, rim; _ midi bales. orts—Lo Gre ou, yi stock, 83,729, eseun - Cnanreston, Nov. 1 Cotton Grmer; middiings, 13% Cotton, fl A —LAPSLEY & BAZLEY, BROKERS, 74 BROAD- * Way.—Stocks bought and sold an ' commission; privileges ‘negotiated; circular explaining privileges, ‘with references, mailed to any address, T REASONABLE RATES—! Endowment Insurance Policies, Mortgages and other Securities, insurance of all kinds effected with bea companies. J. J. HABRICH & CO., 117 Broadway. LEXANDER FROTHINGHAM & COMPANY SECURE Capital for incorporated companies, merchants, inavufacturers, mines. Our Register contains many names possessing varions amounts for investments, ALEXANDER FROTHINGHAM.& COMPANY, 112 and 114 Broadway. MONEY ON LIFE AND Theta ed MEN, FINANCIALLY EMBARRASSED, can dispose of their Stocks, such as Dry Goods, Cloth: ing, Hardware, Liquors, &c., for ready money on deliv- ery. PHALON & SLOAN, 31 East Seventeenth street. APITALISTS ARE CALLED TO EXAMINE A PLAN for an .levated Railroad, which d way with all objections to that mode of tran-it. Itc: be built at comparatively less cost than any other that has been ps 3 devised. VOSE, DINSMURE & UO., 32 Warren street. EFAULTING OR FAILED BROKERS,—PARTIES having claims against then may finda purchaser by addressing J. C., Dox 2,230 Post office. & BRAINS, BROKERS, Ml BROAD street,—Stocks bought and sold on margin; priv leges negotiated, which enables any person with small means to speculate; these contracts are only for 10) share lots, and are ‘signed by responsible and well known houses, and can often be used as margin; ex- planatory circulars mailed, JEW YORK CITY 78, DUE NOVEMBER 1, 1875, AT 96 an ere cite 7 rooklyn duces at and interest. DANIEL A, MORAN, 40 Wall street. po AND CALLS. —NOW THAT THE FLUCTUA. tions In stocks are so violeni, 1s the time to have an interest in the market Many are deterred, thinking taat their capital is insulMcient, Under ‘ase w system suins of $10 to $1C0 can be invested in a manner as to Limit the liabhity to this amount, while the profits likely to accrue are in nowise diminished. 32-page explanatory pamphlet, inailed for stamp, Stocks bought on margins, or for investment. VALENTINE TUMBRIDGE & CO., Bankers & Brokers, 39 Wall street, New York. OOK PRIVILEGES !—ALL ened by members of New nsible Arms; no privilege 00 shares for $100, LAPSLEY & BAZLEY, Brokers, 74 Broadway. BONDS, GOLD, &., BOUGHT ON MARGINS TOCK or to sh. WILLIA M WARD, 22 Broad street EXAS STATE BONDS WA for city Property. Address 7 ADE MEOUM. All bankers, brokers, merchants, factors, Insurance companies, accountants and experts should purchase at once “Marshall’s Accountant's Vade Mecum.” This work is the only ready calculator ever published reaching the Wants of all classes of business men; no first class ofice can afford to be without a copy; it Is @ periect check alusterror. 11 and 13 University’ pl ed UNITED STATES PUBLISHING COMPAS y tag toh sen.008 se LOAN UPON CITY IMPROVED various ; opie at Ont Fropert jous sums; also purchasing Mort- TANTED—A LOAN OF $4,000, ON CITY PROPERTY worth thrice the amourt; prineipals only. ALBERT G. MCDONALD, 55 Vine street, room 33. TANTED TO PURCHASK—A FIRST BOND MORT: wage of $8,000 or $10,000 on first class city property. Address, with tull particulars, box 1,235 Post ofiee. $100 WANTED.<1 WILL Pay & PER OENT PER security giv TO $00) WANTED @gY A RESPONSIBLE in. payable monthty, In advance; good $500 gentleman, with god® city references, for six STOCK PRI contracts York Stock xe IN EXCHANGE Peekskill, N.Y Address A. B. C., Yox id Heraid office, months, on good security, consisting of household ture, plano, &c., worth over $2.50), ali Uptown Branch office, © voter ere G ~ $4,000, $5,000 AND OTHER SUMS TO $2,000- Randa Wind ant ene QTE, SUMS TO or Westchester, or will purchase Mortgages G, We DITOH ATT, No, 2 New $7 000 WANTED—ON FIRST MORTGAGE ON . first class city property worth $18,000. Prin+ cipals only apply to LEO GOLUMARK, 33 Park row, rooms 9 anid 1, bers str $10,000 S808? Monraagy FoR SALE—DUE . November 1, 1874; $2,000 bonus given if obtained at once ; $25,000 equity in property above more Bayes, Address SHAPE, box 103 Herald olee, $56.00 Fon TO LOAN AND FOR INVESTMENT IN good first mortgages in New York and jes, D. Fe, BARTLS, 86 Wall stroct, 565, 000770, p BUY, LiRST MORTGAGES ON pO brown stone Houses RICHARD V, HARN ‘TT, 111 Bromlway, room sem TO LOAN—IN SUMS TO SUIT, ON Brookiyn; Sot for olty second morte” € $200,000. Peatir'dscona Morcenzen, elty prope OFIY small ums on persunal securition, 1) 10 10 days, Montauk Inguragge Company, ifs Broadway, i \ —_—_— — TIE MONBTARY SITUATION, Revival of Spirit in Wall Street. and on ’Change. PARALLEL PROBLEMS IN FINANCE. a National Bank Reform and Na- tional Reform in Banking. THE SHRINKAGE IN COTTON VALUES, Yesterday exhibited a marked revival of the speculative spirit on the Stock Exchange, and prices generally advanced. Business likewise ex- hibited a better spirit on the Produce Exchange, and, altogether, the prevailing tone in trade cir cles showed a healthy improvement, An evening paper of yesterday makes the fol- lowing editorial summary of “Old and New Panics,” which, although not itself news tn the in. formation it imparts, is new in its condensation: and relative presentation :— That of 1817 was made intense by the failure of manulacturing enterprises deveioped by the sto] page of our commerce in tne war of 1812-15. It contributed largely to the protective policy. That Of 1837 Was due to a bad system ol! finance, in which government aid to the banks encouraged them to extend immensely. That of 1857 was due to stock tana and overtrading, upon a s0- called goid basis. That of 1873 is a currency panic, which might have been impossible if gpeotban had been made a full legal tender, and inter- changeable, at holder's option, with bonds of the government bearing a fixed rate of interest, There is enough of analogy between the causes. operating in °1837 and 1857 and now to “give us pause” in seeking such retorms in our financial system as shall enable us to limit the danger of this RECURRING DERANGEMENT OF OUR TRADE and interruption of our industries every twenty years, That which is given as the initial develop- ment of the panic of 1817 is only an inci- dent of the present crisis. The evils complained of in 1837 as precipitating the disastrous- results of that year exist to-day. Surely it is not even necessary to read the Clearing House Com- mitee’s report, published in yesterday’s HERALD, to learn that a bad system of finance prevails now, when the corner grocery store policy, that has governed the administration of the national. finances almost since the close of the war, Is 8u well known to public ridicule; but it is only necea> sary to point to THE ABUSES there complained of, and inquire, Could they exist under @ good system of finance ? Ag to the exr pectation of government aid, when was it greater than now? Has it not been directly invoked, and have we not seen bankers and others crowding around the President, proffering him advice as to bow he could evade a@ law 80 as to extend aid to them. Subsequent events proved he held it as lightly as themselves, but agreeing with his Secretary of the Treasury that it was not “his funeral,’? very sensibly determined to hold on to what he had to meet government necessities. The stock gambling and overtrading, to which are attriputed the reverses of 1867, have had their parallel in this year of grace 1873. It is equally true, a8 asserted above, that the present is 7 “4 QURRENCY PANIC;”? that is a panic resulting from an unexpected de- rangement of the currency, capable of reaching & dangerous condition because of its fixed volume. The remedy ior this, stated above, in providing ior an elastic currency, by per- mitting Treeubacks to be interchange- able at wider’s option with governments, has been already urged in the HERALD. It is clear, however, that such @ scheme as it would in- volve many changes in our banking ayatem, nota- bly free banking, and it does not find favor with the national banks, as in the report oi proposed re- forme in bank management here, already referred to, no mention is made of the necessity of currency retorm, Yet most men feel that IF WE ARE EVER TO EXPECT A RETURN TO SPECIB PAYMENTS it were time sume steps were taken looking to that end. Doubtless it is not a result the bauks are very desirous of reaching; but alter the recent demonstration of tneir inability to maintain even ®& currency basis value they cannot be regarded as authority in respect to the broauer plan of reform this crisia calls tor, and in witich their safety — eferred institutions 1s only a minor incident, e want a higher appreciation of the needs of the country than flourishes in the atmosphere of a national bank parlor; a larger sympathy with the masses than is natural in the president of a bank. RECENT EVENTS IN CUBA produced @ profound sensation in Wall street yesterday. hen the news reached the Stock EXchauge of the shooting of forty-nine more of the passengers aud crew of the Virginius, including the Captain, 1t produced almost a” spasm ol rest in the current Operations of the day. Men looked at each other in wonder- ment, and aimost the first thought that sprung into their minds, as was learned on subse- quent conversation with members, was, of what value was Secretary Fish’s assurance to the coun- try, subsequent to the shooting of the jour rominent passengers, that he had secures the safety of the rest? The subject was warmly discussed throughout the day, beth from a patriotic and a selfish standpoint, While a vigorous policy on the part of our government, even to the edd application of force, to vindicate the national dignity and honor, would always command the support of the people, it is evident that a war with Spain just at this juncture for the redress of our grievances against Cuba, wouid be more than popular for many reasons, It would furnish AN EXCELLENT BXCUSE FOR A FURTHER INFLATION of the currency and so set once more in operation the active industries of the nation, now clogged by this want. It would furnish employment to thou- sands now idle, either in the adventure of a descent upon Cuba, or in the factories that would thus be enabled to reopen with fat contracts to furnish — shod material to the army. It would revive the old excitement of the late War with its careless spirit and reckless indifference to expenditure. In short it would lull the country into another hasheesh dream, the rude awakening irom one of which makes us shiver With nervous horror at the present time, THE UNION TRUST COMPANY, From day to day the anticipated reorganization of the Union Trust Company has been promised the public, according to the statement of Mr. Edward B, Wesley, the whilom receiver of this de- funct institution; but the pledge has not been re- deemed thus far. Yesterday the new direction was to have been formed, but the Committee on Reorganization merely met and again adjourned without transacting any business, subject to the call of the chairman, Mr. James M. McLean. Mr. Sidney T. Fairchild, one of the last-mentioned committee, informed the HERALD representative that, “up to this time, he had been one of the doubting ones, but now he thinks matters look more bright and cheerful, and there is every prospect at hand that the company will resume business by the 1st proximo.” But all these prognosticatious are merely rumor, and can- not be relied upon, A number of prominent gen- tlemen have been MENTIONED IN CONNECTION WITH THE PRESIDENCY ofthe Trust Company, Among them is Nelson K. Hopkins, the present Comptroller of this State, Whose term of office expires with the present year. Another is Gencral Thomas Hilihouse, Assistant Secretary of the United States Sub-Treasury, It will require some very able and competent man to assume control of this institu. tion before capitalists — will in venture to risk their funds in its coffers. In the mean time the various securities held by.the Union Trust Com- pany are disposed of as vapidly. as possible, at pri- vate as Well as public sale, realize available ready funds, Before the final settlement, prior to reorganizing, it will no doubt be found that the yeccadillos of the defaulting cashter Carleton have wen vastly larger than is apparent even to those who have investigated his accounts, THE SHRINKAGE IN COTTON VALUES. In computing amounts involved in the shrinkage of vaiues generally since the beginning of tue panic cotton has been mentioned in this connec- tion as one of those mostly affected thereby. In some quarters it has been stated the shrinkage has reached the enormous extent o1 1,600,000 bales out of the entire crop. To state the case more plainly, it was assuined that the whole yield of cotton for the season of 1878, would be 4,000,000 bales; of this the fall in prices would be equal to reducing the same to three-cighths of the total. On inquiry at the Cotton Exchange the following facts were elicited, which tend to show that there is no more shrinkage in cotton than there 18 in. other values ;— A prominent oficial at the Exchange gave it as sold at the his views that if the entire crop were reser moment at ruling prices the loss W avulve ABOUT THRER CENTS PER POUND AVERAGE. On the 16th of Sepvember, the day the panto commenced, cotton, to be delivered iu Decembe' roled in) feet Bh Lenbaat av is i) this staple was #0! decrease in price 1s consequent upon the stoppage of the mills and limited running of others, In goo times manufacturers purchase about twice as Inich material as they consume, but in these times they only buy from hand to mouth, Cotton, to be delivered in April next, is now bought at 15% to 16 cents—thus | will average with the present prices about 16 iveete| or an average skrinkage of only 2 cents per pound, Prosumlag, hen, that ia ro und gumbers the en.