The New York Herald Newspaper, November 29, 1873, Page 9

Shall We Have Contraction : or Inflation P FREE BANKING POSSIBLE. Can We Afford to Resume Specie Pay- ments?—What the Chamber of Commerce Says About It. ASSENT THE REMEDIES WE NEED. More Gold, More Utility for Our Paper, More Confidence. | THE STOCK MARKET TO-DAY. Gold Firmer and Securi- ties Strong. WALL Srrzezr, } Fripay, Noy. 28—6 P. M. Itts very evident from the discussion now in progress that the ensuing Congress will be sharply divided into parties on the subject of finance. There will be ‘“inflationists,” “contractionists”’ and those who prefer to “let well enough alone.’ It 1s safe to assume that as the result of theory and fact there will be an entire revision of our banking system; that something will be done which, with- ut antagonizing the policy of the administration— thus far aided by fortuitous circumstances—will secure elasticity, convenience and larger utility for the existing volume of currency. From the present point of view it looks very much as if we Were to have a system of iree banking, @ yet un- defined problem... But, after all, the kernel of the situation may be described in two words—“More gold? What we want is faith—not inflation, ‘That faith must be based on the ability of the gov- ernment to meet its obligations, When the Treas- ury Department suspends the redemption of bends and the depletion of its vaults of that which con- stituted THE BASIS OF ALL PAPER MONEY Sat the world over; when the natural course of trade is left to itself, and every dollar that comes into ‘the Custom House is hoarded in the public coffers; when the people know that millions are accumu- lating as the result of a policy that means eventual resumption; when, asa nation, we can realize that much as we may export, we are not exhausting ourselves, but gradually gaining the strength that belongs to’ us; then, and not until then, ‘Meed we count on any system, no mat- ter how’ it may be doctored, that will bring rehef, Compound interest notes, the issue of a hundred or two millions of additional legat tenders, the introconvertibility of green- » backs—all will amount to nothing unless the first and essential step be taken by the government dtself, Individuals and banks can de nothing. The game ts in the hands of the administration. True, ‘the country needs immediate aid; but it is doubt. ful whether any interference with the existing volume ofcurrency can produce a condition that ‘wil! not quickly develope weakness, loss and even greater financial misfortune than that which at present exists. Contrasted with our circulation before the war and our contraction since the war, is not SEVEN HUNDRED AND NINETY MILLIONS of dollars a reasonable capital for a nation of forty Millions to work upon? Do the governments of England or France do any better for their people per capita? Is not this capital the foundation of thousands of millions of doliars, represented by treJits, checks, notes, bonds, mortgages, improve- ments in personal and real estate, manufactories, snd soon; and until this crisis, when the demon flistrust crept in, was it not dee: sufficient for all the purposes’ of khe country? We believe that every thought- fu: man can have but one answer—to wit, we have money enough. We only want a larger ase for it. That has already come. The panic pro- fluced it. The purchasing power has been en- hanced. Prices are reduced. Labor is the only remaining obstacle to the ability of the manulac- turer and producer to resume business on the lower scale that has been forced. Value, in other words, has, adapted itself to the economy of the multitude, to the hoarding proclivities of the mass; to a principle unconsciously set at work by the people themselves, which is now fulfilling a mission ln é THE RIGHT DIRECTION. To stay or obstruct this power isa crime, and if Congressmen in their desire to make capital for the respective communities which they represent seek to change the current which has set in they qwill make one of the mistakes of alifetime. Let ‘thom rather aid the healthy movement now going ‘on, not by expanding the present or making a new volume of currency, but by augmenting the use and value to the country of that which already exists, We read every day paragraphs like the following :— The Venango Spectator says the suspension of tne iron wor! ye Brady’s Bend has leit the whole population of that town—nearly 3,000 per- sons—on the verge of absolute want. In the face of this condition of affairs, and it is by no mean’ exceptional, Wall street is all a bubbie, and prices are for the moment bounding apwards. By and by the turning point will come ' nd prices will find a sound level. Meanwhile a flesperate game is to be playgl. The member of UVongrtess is already selected who will introduce a bill providing for the inflation of currency to the “amount of $100,000,000, Stocks will advance and a market be made for a sale. Stocks will then de- Cline, for in all pfobability any proposition made for the enlargement of currency will be modified by restrictions, If if is necessary to make war government will probably not issue FRESH CURRENCY, but it may issue bonds, commanding, say, six per vent interest. If these are put on the market at o . par they will be quickly absorbed by our own people. This process, for the time being, will promote still farther contraction, because it will compel the investment of preenbacks, Later, however, we shall undoubt- edly feel the effect which attaches to all wars, and we may exhibit somewhat of former extravagance. But this cannot possibly reproduce the evils from which we have already suffered. Government and people are alike stimulated by one purpose, and it‘ will not easily be interrupted. Providence has put as in the right path, and only the worst of legisia._ Mon can change our course. ‘More gold; more” attilty for our paper money; more confidence; these are the mottoes of the hour. THE STOCK MARKET }o-day was buoyant during the morning, being ‘fected by a combination of circumstances; such, jor inatance, as the reduction in the Bank of Eng- land rate from & to per cent, the gain of £1,065,000 furing tho week, a general advance in se- surities at London, a decline in money in whe open market, and the peacefui atti- jude of the Spanish question, Prices ad- vanced sharply. Later, however, the course of speculation was changed, the rumor prevailing that Minister Sickles was in Paris, Sundry other fepressing influences were also at work, inciuding some statements of failures. The market slosed with a feverish tone and rather a bine aspect for to-morrow. ‘The leading speculators are said to be “getting out.” In many instances the gain of the day was lost. Tne transactions were generally large aud indicative of the ambi- Nous character of THE LRADERS OF THE SPRCULATION, bat events wore against them. Their “washes” Were too apparent, as will appear below, Western Vaion opened at 66%, moved up hesitatingly to Waerba vet Off to 607% a 67. Lake Shore ad- sfeom 7234 to 74, but showed a decline to Gk, Now York Central opened at 92 fell om 1 | | 9944, with » close at’. Harlem sold up to 115, Union Pacitie opened at 23 and closed at % Wabash 801d at 47% 4 4956 a 474. Northwest com- mon advanced from 475 to 50, but closed at 47% & 48; preferred stock at 108 69%, St. Paul opened at 36 and wound up at 35 a 36%. Wabash was sold at 47% & 43 @ 48% a 48 BATH. HIGHEST AND LOWEST PRIOKS. The following table shows the opening, bichest and lowest prices of the day :— N.Y. Cont, and Hudson River stock cons'ted.. 92 Milwaukee ‘and St Paul. a Mil. and Lode Paul pref. Ohio and Mississtppl., New Jerse oon Union Pacific... Rae Siok ©, and Ind, Céncrat. ig THE CHAMBER OF VOMMERUS. This body held a meeting to-day for the purpose of considering the question of specie payments and other questions involved in the majority and minority memorials to Congress of the committee appointed to prepare the same. No decision was reached, There was simply a recognition of the diMmculties incident to the financial situation, and @ mutual confeasion of inability to cope with them, at least, that is what the discus- sion amounted to. On one side there was a disposition to press resumption because the natural laws of shrinkage had brought forward the opportunity. On the other equally strong arguments were adduced tO show that re- sumption as early as May next would be both futue and injurious, yet that the country was gradually advancing to a point at which specie payment would become both easy and desirable. This prog- ress, however, according to the argument, must obey a law of trade. The subject was leit unsettied, Both are able documents, and each represents the diverse views of the two classes of financial evono- mists who are more or less giving character to the pending discussion of the currency question, A report of the meeting will be found elsewhere. Another meeting will be held on Tuesday. i THE GOLD MARKET, Gold advanced from 10934 at the opening to 109%, subsequently dropped to 109, but in response to the renewed war feeling, recovered to 109%. The rates paid for carrying were 1-32 and 7 percent currency to 7 per cent gold. The operations of the Gold Exchange Bank to- day were as follows: Gold balances...... » $1,317,438 Currency balances 1,448,630 Gross clearings.... . Fs 43,430,000 CLEARING HOUSE STATEMENT, Currency exchanges. sieeree 4 Currency balances. Gold exchanges Gold balances..... IMPORTS. The imports of dry goods at this port for the week amount in coin valuation to $357,865, and the amount marketed to $821,247. , THE MONEY MARKET. Money was in active demand to-day, at from 7 per cent currency to 7 percent gold and 1.32 per diem, The Associated Banks gained $10,000 since Wednesday and ndéw hold $35,710,000 legal tenders, Foreign exchange was marked up to 108 for prime bankers’ sixty days sterling, and 109 for sight, but afterwards lowered to 107% and 10874. Actual business was at 107% to 10734 for bankers’ 60 days’ sterling, and 108% to 108% for sight. The bankers were pot drawing freely and the demand was satisfied chiefly with some bills bought on speculation at lower prices early in the week. Commercial bills:are in small supply and were sold up to 106% 8107. - THE FOREIGN MARKET. London despatches report all stocks unusually strong. Consols advanced to 93 a 9334 for money and 9334 for the account. American securities ad- vanced from }4 to % per cent. Erie advanced to 3834. The amount of bullion which went into the Bank of England on balance to-day was £6,000. sp see=gsadezgecgstene SOUTHERN SROUBITING. Business in these were extremely limited and Prices ‘wero nominal, The latest bids are au- nexed :—Indiana fives, 102; Missouri sixes, 87/4; do. do,, Hannibal and St. Joseph issue, 85; do. do., Asylum or University, 84; Tennessee sixes, old, 72 do. do., new, 72; Virginia sixes, consolidated, 49; do, do, deferred, $; North Carotina sixes, old, 22; do, do., speolal tax, 6; South Carolina sixes, 25; do. do., January aud July, 6% ; Texas tens, 1876, 30 GALES AT THE NEW YORK STOOK EXCHANGE, Briday, Nov. 28—10:15 A. M. 10000 US "Bla, HBG $1000 UR 629, x, "62, be I ‘mo bel tes Sa % om peat U8 5-20, ie 10000 UB S's 1, 0...be 10 A. M.—Before Call. 6 eleeetegey, a a = SESEISESSESESESSSESESSESE BESERESE SS! sR 3 BeseS 100 Board—10:30 A. $1000 Miecouri6's.;.;. 8735 OW sha LS # MS RR... Dige ner ja: oe y a chi & 10a 4 iiaS J abe se? IO 7000 NYS 7's, 104200 Low Erie 4th 6 200 1000 Mich Sou 2d m. 3000 L Shore diy bds.. : 2000 Gon, PacKRgd bs 2 2 500 Un Pac RR Ist im 79 1000 ie be 78 a {no Can Soutis tsti.: 1000 Gt West Ist m, "85 it Bansdelé Can Co. 103% 900 ato 2 300 do... : 410 Wells-Fargo Ex.b ¢ 11 Mich Cen RR. The rate of discount in the open market for three | 10) Panama RR. months’ bills was five per cent, or one per cent bt baad abla below the Bank of England rate. Rentes at Paris | 100 were firm and American securities at Amsterdam ty were buoyant, St, Paul preferred advancing from | 400 50 to 56. s ‘The following are the prices in the latter city:— | 500 Central Pacific frat mortgages, 80; Union Pacific , first mortgage bonds, 69%7; Union Pacific stock, Pt 20; Northwest preferred, 615¢; St, Paul preferred, | 300 56; Erie, 40; Dlinois Central, 90%. | » ‘The following are the latest discount quotations | 2505 per cent in the leading Continental cities of | 4) Europe, received by mail: 300 Bank Rate, Open Market, | 10° pee oe | By Hat 3 5 | 300 - 6 4 200 ee i 300 + 6a 6 | 0 Leipzic. 14 oe | dat ase Vienna. _ 5 THE UNITED STATES TREASURY. wo aa The balances in the United States Treasury at | 300 the ‘close of business to-day were:—Currency, esas $2,250,000 ; coin, $82,000,000 ; certificates, $29,850,000 ; » outstanding legal tenders, $366,230,000—increase | 39° since last report, $137,000. pe The customs receipts to-day were $394,000. The | 200 internal revenue receipts were $511,718. pd ‘The Assistant Treasurer paid out. to-day $56.000 | 6v0 on account of interest and $171,000 in redemption is of five-twenty bonds. | lve eooved 174 GOVERNMENT BONDS. HO 12:15 to 2:15 P. M. Government bonds ciosed firm at the following $1600, $10000 U8 6-20, r, 87... 114% quotations:—United States sixes, 1881, registered, | “i000 US 5. 5 Nts 114% a 114%; do, do. do., coupon, 114% a 116; do, |. {8 US. ios five-twenties, 1862, coupon, 109 a 10914; do., five- | 3009 Moy twenties, 1864, d0., 1094¢ a 111; do., 1865, do., 110% a | 111; do., 1865, do., new, 113% a 114; do., conpon, 1867, 114%; do, do., 1868, 114345 do., ten-iorties, Tegistered, 107% @ 108%; d0., coupon, 108 a 108%; fives, 1881, coupon, 10914 a 109%; six per cent bonds of Pacific Railroad, 110’; a 110},. BANK SHARES. Bank shares were dull and neglected. The latest bids are annexed:—New York, 115; Maniattan, 140; Mechanics’, 110; America, 127; City, 260; Phoenix, 95; Greenwich, 200; State of New York, | 105; American Exchange, 101; Bank of the Repub- lic, 95; Irving, 120; Metropolitan, 118; Corn Ex- change, 110; Continental, 61; Central National, 50; Fourth National, 96; Bankers and Brokers’ Asso- elation, 7: yman American, 86, RAILRQAD BONDS. In this department prices continue to be firmly | maintained, The bonds and stocks of all well es- tablished railroads are undoubtedly a safe pur- chase, and the patient investor may be sure of re- alizing on thesame. We note the following sales :— | Erie, fourth mortgage, 91}4; New York Central sixes, 1885, 89; Michigan Southern, second mort- gage, 9134; Lake Shore, dividend bonds, 89; Central Pacific, gold bonds, 92),;- Union Pacific, first | mortgage, 79 @ 784; do. do, sevens, land tant, 705g; do. do., tens, income, 58; Toledo and Wabash, first mortgage, "St. Louis division, 82; | Great Western, second mortgage, 78; Chicago and Rock Island and Pacific sevens, 102; Aiton and Terre Haute, income, 71; Olio and Mississippi, second mortgage, 70% @ 71a 714; @ 72; Canada Southern, first mortgage, 68; Great Western, first mortgage, 1888, 91; Delaware and Hudson tl, 1083¢ & 109 Mariposa Land and Mining, buyer three days, 10; Cleveland, Columbus, Cincinnati and Indianapolis, first mortgage, 9624 & 965; Morris and Essex, first mortgage, 101)4; Toledo, Peorta ana Warsaw, western division, 70, ‘The following were the bids as amended at the calli— New York Cen #'s, Be fol é ab ist mex. Si iixo U S32, 5000 Us 5-40, ¢, a Be. 13% 12:30 P. M.—Before bigs ay 1g ns GFZEEGIAEIISIIGESAGS ar 2 S Hern VEapesrenpgsesge see =eREege SSSSSSESEESES oe Buteseser: do Wie of Mo. one pubes supa wanes caguaasaaanaagares S EEE CLOSING PRICES—3 O'CLOCK P, M. Western Un Tel 667% a G Be Del, Ly t est So Ps ‘er Chicago & t T.. Mil ‘St Paul. RES! eeREuts os wEESe BR bases: RR PS Lake Shore. Union Paciti COMMERCIAL Cotton Firm for “Spot,” and a Shade Easier for “Fature”—Flour Firmer— Wheat, Corn and Oats Active and Higher—Pork Firmer—Lara Decidedly Higher—Coffee Active and Higher— Sugar Quiet and Steady—Freights Quiet and Easy—Pctroleum Firmer— Naval Stores Dull—Edst India Goods Neglected—Metals Generally Quict— Wool Firmer—Whiskey Lower. Fripay, Nov. 23—6 P. M. ‘The markets were generally quiet and steady, but breadstufs and provisions were exceptions to the | rule. A material advance in the Liverpool and Chicago breadstuffs markets caused a corespond- ing appreciation here, and a large business was done in wheat, corn and oats at the improvement, the markets all closing strong. Whiskey was easy under free receipts. There was some little speculative interest awakened in the pork market and sales for future delivery were effected to some considerable extent. Lard was excited and decidedly higher. Freights were quiet. Th grocery market was quiet with the ex- ception of coffee, which was active ata material ad_ vance. Petroleum was moderately dealt in and firmer. Naval stores were dull Cotton was in fair demand and steady for spot, but @ shade easier for the late future | months. Wool wasin demand and firmer, closing with a strong upward tendency. ‘Asnxs.—Receipis for the past three days, 141 packages. The market continued quiet and irregular. Small sales are being made of Vinge a coe at variable prices. Buitpine Marsetas.—Trade has been. slow since our last, but prices exhibited no hance we 5 Bee our ks— er SRSeSPEp EER = REPORT. former quotations :—Br ale, as Jersey. 75 rivet, 25: | Haverstra’ jay, $7 $8 Croton, fronts frown, si agi; dark, $b a $16. red, 6 a, $17; Philacelpi $2000 'n $0080; Balumores, oe Lots ‘delivered | were aittgted thus:—Pa ale, ow $6 jersey, | $8 0.0, $95 ap riy S. gh ad Haverstraw y, $9.25 Srbt0n, sit MB for browns S18 a $id for dark; ‘$19 © $20 for'red; Philadelphia, “$59 37 .. Lime, Iwithout essential change in ¥ ue, van nd Oe as follows:—Rockland, common, $110; 7 Cement was neglected, but, steadily ty es DbL for Rosendaic, $4 50'a $4.75 for toe a $5 75 for a Laths were quiet, oF Baste qui doi “juny held at re smail sizes, 17! aoige.j tarred Stanila, Exe dian ‘cordage, sige. 8 16g? n bolt rope, 1 NCiNutaS met Peith a iy fair Jobbing request, bat otherwise the market. was rices were unchanged ted as follows 290. a 300. Ve om fae. : arafiine, Sic, “Sige 28c. a in Cc. @ 19340. “S Gorton ‘on the spot was fairly active at full prices. ‘sp Future deliveries were irregular, with a downward tend- ency, the closing sales showing’ decline of I-léc, & 3c per'lb. on thedate months. We quote :— Uplands. Alanya. “N. Ort. Teens Good or ie os 5 5! sitiot ood ord ordi it 16 Fa -16 we oH J 16%4 16% 16% | dit 1 ive 4 —The quotation: '* don cotton in store running in quality not more than halt a grade above or below the grade quoted, The sales were as follows :— To. ‘sa had, Fee ‘g Total, Sarernntisn 3 1 aie | i Speculate = 4 In trans! 200 % 2581 For tu: the sales Have been as three o'clock :—D 1) 2 10) at setinit rr 2.044 “oa bales to arrive. Tota’ — Included in the above are 500 ture aelivery (este low middling) follows rsa Beat 900 at 1 200 at I3-sze. G Co lobe pty at + 0 ak 17 c, y atl 13-166. ieee 100 at Ihe. Tee. 30 M16c), 10) ae AT Lite. “Exchangetige, paid’ to ex: th ahaa November for Vecember, I'yc. paid to ex- change 20) December ror March. Ne, ali {9 exchange 1 December tor Fenruary. Total total, teat ihe’ port wore. te lows sew Orleans, 2,700; Mot Savannah, 2430; Charleston, 2.247. Wilmi 2h6; Norfolk, New, York, sa. Total, 14sis. day int weei T9,i10 — fay last year, n couten to foreign ports wore, steady, <8 na (ollowas Fo Havre, by stea ah To Hamburg. by 10, 644 marl ms per ae waa 240, 4 by, sal, Tc, Hey vd Cn ‘to Liverpool, pare a was it and prices advanced ‘Dags, ex Nantilns; x enrens 600 bags, 400 bags, ny oar uly te. p ert awl WEY ty ts Lagunvea, | 15 boxes of pickled do. ‘com, t prices within the ran Corn meal was quiet but of consequence were quotations. E sales, however, a g SeSeSsseesseas Baanaweceiee tomeete omen Fassseeuss SSRISsSSTSESRS n Ep Sieutwannae zens Seesusseusy Ractive demand, and, witit West, prices were 3c. 57 for Chicago and $1, 5 was Li rel 1 ame ity @ ar ior the - Z rT) 2 te vorable last half (of TRADE EWG PE, -00- 38th bese ry ergs Bh for N ‘31 iai30 to 3B. M. No. 2 Chicago, 8 agli, Sree Sate Viowt Un Tol... Ge SOOshe LS SMBRE.DS. 795 | Te wna dn trators: Gorn arnt seer atdee at 600 * 87 Os ei ‘24s | higher, The sales were about 335,00 bushels at 7ze. bed hd 214i, | mixed In store, 760. for do. afloat, 76540. tor car | Seo oe fo 2432 | for yellow; waite te as nominal. Ont w re active ad ort oy aad | higher. bout 90,000 bushels at S5c. Smo os 3 FH xed, Ste. ore, B7c. a S8e. for white. 300 61s, 61) mig | Ba vey was itmer and ia fate demand. part 600 Org 500 ‘ednesd: as 009 bushels,” at $1 7745 for Fu 3 = 205 | Inke, af By for Bay Guinea and gt ol for interior State, R 00 . too 245; | was hele held at %c. 4 $1 for State ana 4 Ss 3 Pred been, quiet both for 200 ee B00 * veda charter, Rates 4 3 Sp F4 td for berth { ietrelghs Tho engage, Su) 67% 20 + B% 18,000 bushels of 00 67 60 Pr on ors a0 aah 100 : oe Be Ey ee tte, Cease manors oF 1000 or 70 Dre bushels of’ corn at 11d. a : Ge foe 2% To Bristol, by sui 13) “ ¥ at be. To Genoa, 5%) bbls rosin an bt IU Del at Gawain: 0309 Hi, | Rorwogian “bare teledy henge ts eo Me Ge ae 3 2i,| 2,00 quarters urain, ats, 6d. short lay days; an Aineri: Bis 24 can bar hence to “Cork tor pina ited Ki ne 28 1.10) bbls, naphtha, on private te a 20s | bri Bi tons, hence to Brazil, general cargo ow msg | an American - 6 2474 | achooner, hience + 2% 247 | ferme; a British bark, trom Piivad 5 elphia to London or - a 32 | Hull, 2,000 bbls. of refliied petroleum Strat a British she et ove from do. to Bremen, 7, bbls. of refined do. at oe, Sd wx Gowwis.—The market remained very quiet, but values . were not noticeabiy changed. Since our last about 200 Folls of domestic were placed at Llc. for heavy average. Laight weights were nominal, as were ulso bags, which Were quoted at pa eS hemp was Inactive, but firm. No sales of con: Nd were pote ie nila quoted ‘at 10s¢0. a ro gold, and Binal at sive gold, Sute was neglected but steadily held, atzke. gold. @ butts met with # fair demand in and quoted steway ae » CUFFeNCY, cA sual ay, Hay an Sraw.—Tho demand has been fair, and t market firmer for both hay and straw, in consequence of the near approach of the close of navigation. ‘Sales were from 9c. a $1 per 100 Ibs. for shivping hi 10 Bet iofor retail qualities, 75c. a 8c. for long rye straw, Sie, a Bba. for short do, 70c. a 8. for oat and Sc. tor whe: Hors.—The general market continued quiet. with Yalues irregular.” Mr. Emmett Wells, in his circiler of as follows:—The matket is de- the “induence of lute heavy Rrrivals from: abroad, and. a “further cline, of 5 conts per, pound ‘on genuine taken place. The lower grades ot 2 cents per pound trom last week's rates. Americans and other descriptions remain unchanged. There is wide difference between cash and time pric than informer seasons; this is. one of the results of '@ close money inarcet. For foreign hops arriving here, are, in most instances, drawn against for nearly their full’ value, and have to be paid for, no inatter what may be the condition of the money market of whether the hops are sold or not, and importers who jare compelled to realize, treqnently sell at lower prices than they caro to make known to the trade ; brewers, on the other hand, ‘pay dearly tor the whistle.” ions, be ‘remembered. embrace neither of titese’ extremes, but are such as are intended to cover prices realized on transactions between dealers and brewers who pay cash within 10 to. 3) days. In the absence of any speculative movement the markets in the interior remain very quict Occasional purchases are made by a to 80e. for the lower grades, and So. to see. for choice,” Growers who ‘are not pressed for money, and who, therefore, are not depelident on their hop ‘crop, sre’ holding for much higher figures. We quote :—New BE Se AL perl 873, Western, Browth 1873, 350. a astern, ‘wrowth i ‘ve. sroriiuge, growilt Isti, de. Soc rowih. 1871, none: old olds, growths 1870, 1809 and ‘a Ibe. ; genuine Bavaria: 1873, 400. patent Bavariany B0c. a 350. Bulish srowth 18; io. ; Belgians. grows 167s, a'Sle.; Californians, rowth Ls; bh tiie market remainea dull, No. transac- a lds, eee MOLASSRS.: m0 x » clayed, ike. 2 = yado retining, 1c. . MOCETY, Ey cs d. @ 45c.; New Or- Mo. a We; English 4 iauds, leans, G60. Navat Srores.—For spirits of turpentine the market was dull, parties being avout lc. apart in their views. We have ohly to report sales of 20 bbis. at Wc. Large lots could have been obtained at 39%4c, sin—Bhe genoral market. was quiet, but about steady; strained quoted at $2 60 a $2 70, inside price for odd lots and the latter rice for cargo lots, We heard of sales, in lots, af S00 bbls t $2 60 a $2 GD, and 800 bbls. of do. at'$2 6244 a $265. The irene were neglected. Tar and pita swore quiet and unchange: 1.8.—Linseed has met with (oh sepiched trade from crushers’ hands, with sites at sfc. a Ac.e in cask perm continued quiet but steady, at $140 for crude, $1 $1 65 tor natura! winter, and $163 a $1 7” for iifenched crade nels was Ant it nominally ste: eat Ac a Bie. ‘ese. tor nat hed ; lard ‘oll was in moderate request and firm it 68e. a fle. for choice wil. ter; crade cottonseed quoted. at 40c. ; refined Southern yellow at 473sc. a 49. and do. winter yellow at 55c, a 6c. 5 ie moderate inquiry for refined, aitd ine markat wan Oraiers eugted at Oe for balance of year. We heard of sales of 3,000 bbls. for last half ot De- coinber at Lise. Crude in bulk was steadily hed at Se., t Wednesday sales 3 ber delivery at oe. \d 3,000 Dbis. for January at 545 3 were quoted hominally at 1c. a 19e., the laticr price for small lots. Naphtha was quiet and easy at 83%c. tor city. The Phila- delphia market was quiet sate on rompe a a sale of ia leoute, Sle. asic. Petroleum, Centre, 90°: ill arkers, S0e.” ‘Luter, we heard of sales of 2.000 Db) of high test for prompt delivery, atascen 2,00 bis. of standard white, each February and Provisions —Receipts—Pork, 822 bbls ; beet Ly os ‘pack- ages: cut ments, 4.710 do, ; lard, 1,209 bbls, and tlerces and kegs. ‘The market for mess pork was moderately active and firmer. Sales 300 bbls. of new mess at $14 5), .000 bbis of do. late Wednesday evening for March at $15 25. To-day, 2.500 bbis. ror March ac $15 6), and 1,000 Shis tor January at $1500. Bacon was firiher and in a @ note sales of 1,000 boxes of long and short cleat. for January at 7!4¢.. 1,00 boxes of he lor di at 754¢., 1 ice de, for do. a hogs fo. Hight, and 6%%c for p: boxes “of, go. £0 Base mee iin a linited demand, and the market was steady. The sales, in lots, foot up about 200 packages at rices within the range of got a 2 Peppa mess, bois: $1 $ll a $13 tor extra do., bbls. Pat ‘ime do., tierces ; $25 a $25 for India do.,'tierces, ad 2 for extra Indis mess, tie Beer hams were quiet, but quoted steady within the range ot $18 # $23 for common | to prime; sales 300 bbls. Cut meats—The been moderate, with the market ruling fl Of gales of 600 pickled at 7igc., 1,250 smoked Ibs. “average, at 9c. ; 2,000 fresh " belles, demand has i ibs. averay ciive, excited and hi Bier, prt j Hac, & | terces Lard—The market was acti closing atSac., spot: S%c. lor mber 89-l6c. for January. We heard of sales ot 800 tie! Nuary, early, at8%\c.; 4750 do. for Fe i a 250 at oe at it 7c... ou the. spot at 8tg Sity Iara was’ also fismiere 400" tlerves oC prime resllsed t but steady. Jobbing lo ot Carolina were ced at from 175 bags of Ransoon at 6)4c. a Gee. he market. {OF FAW Sugar Was quiet j ady, on the basis ot 7% c. for tair to good retin ing muscovado. The sales aggregate 673 hhds. and 579 boxes, su ihe Foner ae Waa he .. fair refining at and the xes at 7yc. a7}.c. Refined sugar was, | dull, Standard F quoted 9c. and hards at 1c. | uote :—Cul eRe 6h Hale, £0 ood rime 2D Ta gree 7%. prime to choice, & his. “and boxes de, a Siac. molu 4c. ;" melado. landard, Nos 7 ‘to sito. 18, ewait MC. 9 ino, to prime, 6isc. a 75%. ese com pase ‘Byles bet cs! | good ir food, centrifugal, ‘ae ‘Java—Duten standard, ‘Manila—Superior and extra su: | market remained dull. The | 1d, # days, Clover | noted at Ske. Timothy | Rough flax was inac- Bac. eet was quiet, but firm ac $2.8) 0.8 iXeranine he Sarees $ quiet, but firmer; quoted “Pine market was quict, but values remained B52 of western were made to the amount of vr eeeacoo.— aie atmand for seed teat for heme con. as hight and ot no. particw rane, The Bxportirade Wag also Light, being limited to 40 cases ion Yor Kentucky Was quict aud unchanged, inged at Bec, wile. ber 1b.” Foreign sold 10 bales of duty The. a Tse. Solty in bond. BY. fhe past two days, 1,697 bbls. The demanit was, tair, but at & further Feceasion in a le: al Pree etite demand has been fair, with prices tending upwards The following sales are ‘transactions for two ays, yusiness on Thanksgiving Daviug been entirely 10,000 bs. of ‘unmerehani hy be super puli at Pray e at ‘bags ot y fleece ui ate. ; 20d Wido, | . pulled, | oh'Sn private 1 ¥ DOMESTIC MARKETS. | n—Upvard tendency food oralaary, Ma | 1¢e. jpectecatpts 184 en bales ESS oY ht i + coaatwise 4 Wi vaatot & Aa ts, 13, "a rth, a tcl At Tii4ts Coastwise, Bea ae Hie Oaaash Ne. wig Ist. i Castor active ite Piaher ee iy a | Sta niric wate to Fee RY aon cn et receipts 3, iC 10 | and Erie Railroad talling due Dece reseipin coastwise, Cotton firm Salen, 260% Stoel bales. SS to ‘Great B Onitcaco, pal at fall he tae La t excited closed 4,fem, at ato, lower, the sath Decent rat 8 Uae. ce tee Flour—Demand fot fash Riguer, | Whoa d and irregulat fhe best prices No. Potion 81 Oe rs wets sshonlaars, Os steady at Bie aie itscetbes ae " Ha 00 ao, Dany. Pansat bbls. Is wheat, 13,000 do. corn, 41,000 do. do barley, OorToN REOEIPTS. The following are the total mes receipts at all pore since September J, 1873:— oats and EUROPEAN AN MARKETS, Lonpox Moxxy Manxet.—Lomt LONDON, Noy. 23—12:30P, Consols for money, 93} salen sis of States five-twenty bonds, 9735 itor. the issue of pagan Corton ve firner. Bulge ae P. M.—Cotton to arrive firmer. fon middling uplands nothing below October and Temes 4 aie ea ra gu vember and Decembe: Arr do. a cember and Januar, middlings, shivped a, ate ber sales of Orleans ytd below sod ora ble November, at 8%d. stock afloat Sales on the bi BY inetudiny 154.000 A ica ing uplan below food ord ondiney. de deliver Bese nothing belo seam ordi tn bved De s, 0 low inar 08 atta Breadstuily-ePhe marker Wactives oe 4d. a' 1s, 6d. per cental for average ‘Caioia whit “a lis. for, club dou; 128 1s. ade for Fe Poh rte s Peas, 428, 64. fie tharket is strong. me efor ‘bore 8 middling Orleans. 9d. Sales 15,090 bal fs Hiei apecuistion and ext ort The sales ot the 000 bales, of which en pay ort afd 7, on speciation. ‘Th suck in port is bales, ineludi 00) American. The ints f eek have beet MW bales. including Amel Koftal export 8, eA) bales. ae ga the pet oceima uplan nothin iow good ordinary, cember und January, utéigd. Of the wales today 6,008 bales were American. at Maxcurstee.—Lrverroor, Nov, 23.—The mar- ket tory yarns and fabrics at Manchester is firm, with am upward tendency. ov, Bh LIVERPOOL BREADSTUFYS MARKET,—LIVERPOOL, Ni P. M.~Phe receipts of wheat for the past sree a yaad been 43,000 quarters, includ! ceipts of corn for the mee ime ove tae 1000 quar 16,000 American: é ae maroon! M. ‘Lrverroot, Ne T¥RRPOOL PRovisions MARKET.—1 47s. 6d. per cwt, for new CamBerisnd a Tvmerooe, Phorintont MARKEY: —Livenvool, Ni Byening. Bacon, dis, por Gwe for New aheEteie dies. Common rosin, 8. Sd. per cwt Spirits tur, per cwt. Loxpon Propuce Mangnt.—TONDOR, Briss" 23—Kevon- Sis turpentine Si sg is i er ron £30 por tom. vi rr] e. " cine Sp urpen Pe Pe ROLE! REET. —LONDO! petroleum, Taxa. a 124d per ealone spirits do, Lied. SS ee ‘ FINANCIAL, A- “RAILROAD BON NDS. H.C. WILLIAMS & CO., 49 Wall bay aad York, sell Chesapeake and Ohio6 percent gad, First Bonds, Northern Pacific 7 4-0 per cent, gold, Hirst Bonds. St, Jogoph and Denver City 8 per cent First Bola, New York and Oswego, New Jersey and Montclair Mid- Tand Bonds. : Canada Southern First Bonds. South Side Rallroad of New Jorsey First Bonds, ana Miscellaneous Bonas generally. WE CAN OFFER INVESTORS 4 “LARGE LINE. oF Gnuice SECURITIES VERY LOW. T REASONABLE RATES—MONEY ON LIFE Endowment Insurance ee Securities. Jd. HABRION. ‘C0. iy Drosaway, companies, —LAPSLEY & BAZLRY, BROKERS, 74 BROAD. ‘ay.—Stocks bought and sold on commiasi Privueges negotiated in’ 100 share lots on members Stock Exchange or responsible firms. Explanatory cit- cular, with references, mailed to any address, BUSINESS MAN WANTS TO BORROW $500 01 nable arrangements bg) ‘O's, eer dy for mount. Address R., bo: ald ANKING AND COLLECTION OFFICE OF JOHN B. MURRAY, 98 BROADWAY. Loans effected and Collections made everywhere. HESAPEAKE AND OHIO RAILROAD Bere will give $300 and four Lip ie i ae absolute! flawless), In the growing city o! 20,000, 00 six per cent “Bouts? 3 ZS Western lands. 145 East Twenty-ninth street, iow UTOR'S FUNDS TO LOAN—ON Paiva wwellings, in, suma.to sult: also clients to ‘New York city. pro} treats ATTORNEY, os sig Posto steer New Ye NS _& BRAINE, t.—Stocks bought pe 9 1 BRI and sold on margin; ges nexotinted. enabling apy one with emall eRBital te speculate safely. These coxftracts are always ‘<planatory «= @ | Jots and are signed by responsible firms. circulars mailed. HAVE. $50,000 CASH ON HAND WITH Dadglicl wish to buy First Mortgages on New ¥ Brooklyn Froperty, in amounts, of 10 Please address FI ORTGAGEE, box ofce giving full particulars in regard ty. Ho of property, time mortgage has to run, &c. orice! 4N The Coupons of the Long Dock. Cor gaxe Hunde taling ducDecember 1 next will be fy find after that date, at the treasury of the, Kio Ay Company, twenty third stree Pitti th avenue. ¢ Treasurer Long Dock Company. TOTICE ‘The Coupons of the Firth Mortg: cafe Bonds New i: of Messrs, Bure will Paid, gn and after thas date, at aso ces of ) SHEARMAN, can, Sherman & € sa ONS ae ickel Mining Company, 1873, will be paid at the oiice Beekman street, on thas fay tion thereatter. EMOBY. ‘Preaourer, Nuw Yous, Nov. 26, 1 BAL ESTATE MORTGAGE BONDS, P. cen New York, prove the beat conpons; abundant security, Interest p by Sine qhend forcireular tg Kana e carey HE bonds or the Rocklat id Decem| pany, No. 1d Topeka, Ki Nonx, Sec 8 OF MONBY TO LO. on Staten Ij oy st oftice, New ¥ New York, no LOAN i FINS? 7 chee spp MPBELL, and 6 Pine street 7E CAN MAKE LOANS ON FIRST CLASS IM. proved City Property or purchase First Mortgages: ou unimproved Neal Estate. SAWARD & LEAVITT, S4 Wall street. _ Waxten To BORROW—FROM $00, BK sey srr bens se. cured by first class nl estnge 1D pra ra will be paid.” Address J. 0 , bo: stten day! fe paid man; 4 $2.00); tins. As low as tio sna ae ris page exp lanatory, pamphlet patied On tion. Walt fee xX REAL ESTA’ seocoanatEnwe non’ 4 na 8s Steen ns pos ity and, gon a nie EY, ind agency, root ® third hoor, $85. 000 TO LOAN AND FOR 1s WANTED—FOR _FOR ONE vi 8, 000. $50,000 worth of property ima ae on. which I In good First iinprored_ and ugupnroyed kiya, $250. 00 BT mt Mort AL JON iter a, SUMS TO pe First Mortgages; M pa uth no teak name witl be ‘eitled ja in