The New York Herald Newspaper, December 10, 1873, Page 9

FINANCIAL AND COMMERCIAL THE DUTY OF CONGRESS. eee Conservative Legislation Required and Little Intermeddling with the Currency. THE EFFECT OF INFLATION. The Future London Situation from an English Point of View. THE NEW GERMAN COINAGE. A Buoyant Stock Market—Prices Still Tending Upward. GOLD, MONEY AND BONDS. WALL STRzer, } TuESpaY, Dec. 9—6 P. M. ‘Tho fact cannot be too urgently or too frequently pressed upon the attention of Congress that every attempt to enlarge the present circulation of legal ‘tenders, and through such inflation to regulate existing commerce, will lead inevitably to further monetary convulsion, and sooner or later to a storm compared with which the recent panic was but a summer breeze. Even to give legitimacy to the issue of the $44,000,000 reserve as @ part of the regular legal tender issue is a step fraught with evil, however gratifying may be the temporary re- sults. The pending preparations for war afford some excuse for the inroad that has been already made upon this amount, but true financial wisdom dictates the importance of contracting the volume of circulation to the sum of $356,000,000, The ben- elit to be derived from THE ACTION OF CONGRESS will be most largely felt when that body secures, Grst, a sound paper currency of equal exchange- able value with gold; second, an amendment of the present banking system, whereby the business of banking may be thrown open to all, under such restrictions as shall protect the government on the one hand and the people on the other. Meas- ures for the promotion of elasticity at such seasons ofthe year as it is most required for the purposes of trade may properly follow in the train, but beyond these points the National Legislature cannot well go without danger to the country. The mere probability of inflation has already be- gun to work its evil, and the fact will only make matters worse. It isa good motto as regards our egal tender circulation to ‘let well enough alone.’’ LATE LONDON ADVICES by mail indicate considerable apprehension among nancial authorities with reference to the future ot the English money market, While it is admitted (hat the pressure on the Bank of England for loans has diminished, and the advances by that instivu- tion has decreased at the same time that its re- sources have augmented, the fear is nevertheless expressed that through the colning operations of the German government a scarcity of gold will be forced which will cause almost incessant difficulty in transacting the financial business of the worid. Hence, that credit will be strained in consequence. For the present Germany 1s not buying gold in the English market, and the reason given for the sus- pension of purchases is, that had the authorities at Berlin drawn even £1,000,000, as they had the means to do, the act would have resulted in panic, followed by A RECOIL UPON GERMANY. In @ measure this demand was checked by the high rate ofinterest then charged, but when it Is re- membered that the coinage operations of Germany were only temporarily checked for precautionary purposes, 1t is easy to foresee that England will, sooner or later, again be cailed upon to yield to the importations of gold by the German government. Asa high rate of interest attracted an influx of gold, so will a low rate of interest prevent an influx and tend to reproduce some of the condi- tions of the past. Complaint is made that, not- withstanding a diminution in the actual circula- tion, the banking reser ve is not suMcient to satisfy the public confidence, inasmuch as large demands are liable to come suddenly upon the Bank and again create stringency. Nor is it likely that a proper reserve, say £12,000,000 or £13,000,000 as a minimum, can be maintained in the face of cheap money, the possibility ofa foreign demand which such cheap money would invite, and the lower rates which prevail in the outer market. THE NEW GERMAN SILVER COINAGE, We observe that in the last official statement is- sued with respect to the new coinage of the Ger- man Empire mention is made of the new silver coinage. The total gold coinage to the ist of No- vember was— Marks, In 20-mark pieces. + $10,845,340—£40, 542,000 In 10-mark pieces. + 164,600, 830— 8,230,000 Total. + 975,446,170—£48,772,000 —the comage in the week ending November 1 ving been under £400,000, so that the reduction in the former rate of coining gold has been main- tained. During the same week the coinage of silver amounted to 89,370 marks in 20-ptennig pieces. The German government is thus occupying its mint employés not only in coining 10-mark pieces, by which it keeps down the rate of gold coinage, but also in coining silver, which will still more effectually serve the same object. It remains to be seen how long this programme will be con- tinued, and at what date the active coinage of the standard 20-mark pieces, which 1s, after all, the essential part of the new money system, will be resumed. THE UNITED STATES TREASURY, The following were the balances inthe Treas- ury:—Currency, $435,029; special deposit of leg# tenders for redemption of certificates of deposit, $24,545,000; coin, $84,431,025, inciuding coin certificates, $20,798,000; outstanding legal tenders, $370,436,718, The Assistant Treasurer paid out to-day $72,000 on account of interest and $116,000 in redemption of five-twenty bonds, The receipts from customs to-day were $329,000; from internal revenue, $200,000, THE MONEY MARKET. Money was comparatively easy, and loaned at 6 and 7 per cent, with glosing rates at 5 and 6 per cent, The banks are said to be extending greater accommodations than heretofore on call loans. Foreign exehange closed up duli and steady for prime bankers’ 60 days’ sterling at 108% ® 108 56-16, and weak for sight at 109% a 109%. The total exports of produce for the Week ending to-day amounted to $5,170,004, mixed ‘values. There was an increase in legal tenders in the banks to-day, but the publication of statements having been suspended by the Clearing House we are unable to give the figures. Money is said to be flowing in from the West. The amount of loan certificates at present outstanding is about $8,000,000, THE GOLD MARKET. . The price of gold ranged from 109}4 to 1093{ and closed at 100%. The rates paid for carrying to-day were 7, 3, 6 4and 7 per cent gold, ‘The operations of the Gold Exchange Bank to-day were as fol- lows :— Gold balances Currency balances. Gross clearances CLEARING Ourrency exchanges Currency balances... Gold exchanges Gold balances. 713,389 were im good demand and closed strong at the following quotations:—United States sixes, 1881, registered, 114% @ 114%; do. do., coupon, 117% a 11948; do. do,, five-tweuties, 1862, Coupon, 1114; 40. do., 1864, coupon, 113% a 114; do. do,, 1866, coupon, 1144; do, do, 1865, coupon, new, 117 a i; do. do., coupon, 1867, 117}, a 118; do, do., COUPOR, 1868, 117; do. ten-forties, registered, 100% 10s; do. do, coupom, 110% a M11; dyes, 1931, | NEW YORK HERALD, WEDNESDAY, DECEMBER 10, 1873.—TRIPLE SHEET. coupon, 110% a 111; do, six per cent poe Pactfle Railroad, 1104; g 11034, THE FOREIGN MARKET offers no especial subject for comments. Consois were steady and American securittes barely so. Discount in the open market for three months’ bills is 44g, or 4% per cent below the Bank of Eng- land rate. Consols for money, 9174; for the ac- count, 9244 992%. New York Central was quoted at 79; Brie, common, at 383g; do. preferred, ats59%. In Paris rentes were 58!. 95c, In Frank- fort fye-twenties, of 1862, were 97%. The follow- ing are the quotations from Amsterdam :—Central Pacific first mortgage bonds, 814; Union Pacific first mortgage bonds, 72; Union Pacific shares, 26; Northwest preferred, 63% ; St. Paul preferred, 5555; Erie, 41%. RAILROAD BONDS were comparatively quiet, although prices remain firm, Union Pacific firsts sold at 83; do. sevens, land grant, at 7414; do. tens, income, at 67%; St. Paul eights, first mortgage, at 103; Chicago and Rock Island sevens at 1034; Cleveland and Pitts- burg fourth mortgage at 88; St. Louis and Iron Mountain second mortgage at 7334; Hannibal and St. Joseph eights, convertible, at 7834; Morris and Essex firsts at 102, The following are the late blas as amended by the sales at the call:— New york Cen 6's, '83.- 90 Bel, Lehe nr Mm. New York Cen 6's, r. ¢. jf La&W7's, con. New York Cen 6's, sub. Tor & W ab Ist mex... Erie Ist mex, "100 Tol Ist m,St LD 8 Erie 2d wm 7's, ‘79. To! & Wab 2d m. - Krie Sd m 7's, 188. ‘ol & Wab equip bds.- Erie 4th m 7's, ° ‘Tol & Wab cons con.... 72 2d m, s Harlem con mas G4, Galena C Chi RY ferns Morris & Essex Ist in orcs & Essex 2d in. Chi, Bur Cen Ist m. new Mich So Pitts, Ft W & Chic Ist. 104 Mich So & Pitts, Fe Wa Unie 24 m1) Cley & Tol sf. Pitts: FEW & Glue 3 tn 20 Cle & Tol ne Clew'é Pitts con s 90 Cley, F & A old bds.... 97 Clev & Pitts 3am ©. P'& A now bds. 90 Cley & Pitts éth in. Detroit, M 4 Tol ods... 95% Chie @ Alton st Bun & ssrie new bas... 0" Chic & Mil Ist m Lake Shore diy bds.... 88 Ohio & Miss con $ ake Shore conc bds.. 92 Ohio & Miss con, 83. Pac RR 7's, utd by Mo.. 98 Oino & Miss za m. con. % Cen Pac gold bas td Cen Pac state aid } 2 ry T 0 Ta iat m os, at ay H Ast m. ae = 5) DET nnny’ Eex=E ==> ooiar Fe sual ist im, SOUTHERN SECURITIES. This market was without feature, the principal transactions having been in south Carolinas of January and July, which sold at 104, new Tennessee sixes at 79 and Missouri sixes of the Hannibal and St. Joseph issue at 90. The tatest bids are annexed :—Missouri sixes, 92; do. do., Hannibal and St. Joseph issue, 90; do. do., Asylum or University, 87; Tennessee sixes, old, 79; do. do., new, 7734; Virginia sixes, old, 34; do. do., new, 40; do. do., con- Solidated, 50; do. do., deferred, 934; Georgia sixes, 65; North Carolina sixes, old, 25; do. Railroad Com- pany, coupon, 82; do. do., ex coupon, 25; do. Fund- ing Act, 1866, 16; do., new, 14; do., special tax, 114%; South Carolina sixes, 22; do. do., January and July, 1034; do. Funding Act, 1866, 12. THE STOCK MARKET declined soon after the opening, but was attended by a prompt recovery. This was followed by fuc- tuations, which continued during the day, but by a close at which was marked some of the highest prices. An active inquiry was developed for in- vestment, especially in some of the lower priced shares which have suddenly leaped into activity. The buying was large in Union Pacific, which moved from 29% to 81%. Pacific Mail moved trom 893g to 40%, closing at 4034. Central sold up to 953g and closed at 954. in C., C. and 1 O., St. Paul, Wabash, Northwestern and Ohios the deal- ings were active. Western Union was weak fora time and declined to 72, but later advanced to 7334. Harlem moved to 1213¢, closing at 121. Alton and Terre Haute sold at 23, and the market left of buoyant. HIGHEST AND. LOWEST PRICES. The following table shows the opening, highest and lowest prices of the day:— Opening. ee Lowest. N. Y. Cen. and H. R. stock © 94% 9436 1” 120 « 4656 4634 46% « TO 16% TOM = 62% 539% 52 2% Northwestern + 63 54% Northwestern Tg 72 Bt 6 Rock Island... 9635 Milwaukee and 39 . Pi Milwaukee and St. Paul In Phiadelphia stocks were steady. Pennsylvania sixes, 103; Reading Railroad, 53%; gold, 10934; Philadelphia and Erie Railroad, 1734; Pennsylvania Reilroad, 43%. MEMORANDUM. The earnings of the Ohio and Mississippi Railway Company for the month of November were :— In 1872, + $820,958 In 1878. + 266,582 Decrease in 1873....... $54,421 SALES AT THE NEW YORK STOOK EXCHANGE, Tuesday, Deo. 9—10 A. M., } Before Call. ne 200 shs Fan & St Ji 1000 shs West Un Tel. 400 do do;, f ip ae a W RR. BBUEUES out RESEZeSSESE e2 SESSEESEESE STE LSTEESESSEE bt tet ee E+ SSR Oa 10%5 and 11:30 A. M. $5000 US 6's, r, be nes Rag: ©.'67. .b ¢ LIT! Quu0 8 Dilly Oy 6A. Sy 00) 0. 17 ed Hs Be 845 + Lis} bus ie lous tos First Board—10:30 A. M. Pyghek ra alg 100 Fane, 0 f Dock ba Sus Ist. ive ih 100 Low Alb & Sus dd in. 10 sich Con 7 fii 100 W Pac bonds, too U et cu phd 2000 Long a Fen Lee pea 5 dre Eas ezety BE = Ss¥SQSlSSSseseeg i = seSSE £ &. esget EeEe ito. 2D Williatnsdrg G's: in cose argo Ex.bo “ta 100 do. 100 N Y,N H & Hai 300 Ono & Miss it 300 do.. ESESS SSA ATS = pas nie SESEE € ri a 2115 P.M. $6000 US 5-20, c, °67. Jud Us 1.-10, r. 2000 US 6's, cur. Second Bourd—1 P. M. ee Pac RR. ea! brid 200 UnPae7'3 1g ov) U Pac ane 130 100 ont 48 Wit! 200 bos, H&E RI Wo Kifaist ile babs iui as eet iit ane Tol W & W RR Bs 0, SESESEESSE SF ee: Sj eek See CLOSING PRIOBS—3 O'CLOCK P, M. Western Un Tel 7256 a Bs Re New Jor Cen... 9836 » 100 uicksilver siicese § ad, ‘acific Mail ae iy a ax New York Cen. & a oof Sule sepautpe 8 633 Erie. 46% Jered lo & Wap.. a 2 Ohio & Miss. Wy Han & StJo... 27% 4 uaz a pive pt 37 37 CC&ld 2a COMMERCIAL REPORT. aS Se Cotton Quict—Flour Firmer—Wheat, Corn and Oats Higher—Pork and Lard Easicr — Groceries Firm — Freights Steady—Petroleum Firm—Naval Stores Dull and Nominal—East India Goods Quict—Metals Generally Quiet—Wool Activea: Firmer—Whiskey Higher. TuRspay, Dec, 9—6 P. M. The merchandise markets were pretty generally firm, though, in some departments, there was a good deal less doing, while prices were lower. At the Produce Exchange there was continued firm- ness and buoyancy in flour and grain, and both were freely taken for shipment at higher prices, the markets closing strong at the im- provement. Oats were also stronger. Whis- key was firmer. In pork and lard there was a sharp reaction from Monday’s buoyancy and prices, and the sales~particularly of pork—were wt decidedly lower rates. Freights were quiet, Groceries were less active but very firm for all descrip- tions, Cotton on the spot was steady, and for forward delivery a trifle firmer. Petroleum met with a fair de- mand and continued firm, Naval stores remained dull and nominal, East India goods were quict and un- changed. Wool was active and the finer grades com- manded higher prices, Asuxs.—Receipts tor the past three days, 61 packages. The market remained duil. Pots quoted nominally at Zo. per Ib,, and pearls at de. Bowvixe Matemsais.—For brick the demand has been Very light, with prices not materially changed. We ap- Pend our former quotations, as follows:—Pale, $4 a $4 25 por M.; Jersey, $6 80 a $7; up river, $6 25 @ $7 %; Havorstraw Bay, $725 a $3 25; Croton, fronts, brown, $14 @ $15; dark, $15 » $16; red, $16 a $17; Philadelphia, $25 0 & $% 6); Balumoros, $9 A $68. Lots delivered were quoted thus:—Pale, 9 & 96 2; Jersey, Tiver, Croton, ore made ato Motor oak rok do, lump. Cement _w $ DR 1 ps Portiand, and steady a t $1 0 a 2, Borrek.—the aemana has $8 25 Ki ‘& $20 tor’ red; si7 lt unchangeil. common and $1 ijulet,. Lots were placed at 75 for Roman and me 828 see So ou ie ght Gemand n fair since our last, and the market firm, closis with the Toftowin rices current: ~-New York state and Pennsyivania, selec tis, 400. 0 42e. 5 &, on ood wo fine, @ Sic.; do, fair to 31. « ‘good do. ‘nder a fair dom near-by and home trade the te halt Grin tubs, ‘good wo choice, rn & State Welsh "fabs, good to choice, 3c. a .; COMMON to Lair ‘common to fair do., 260. a 00d to choice, Sic. . 250, @ Be. indiana, ee ‘and Cewtral ice, 2ke. a Sue. 4 in, good to cholce Sic. a Skc.; do fair to fir to 10., 250, 2e.; bal cre butter, 200, \d both for export and the rket ruled with th Qe. a 120. ; Ohio 1g factory, ‘good do. tir’ to, good, ‘do, $e: ‘Now York. Onto and. Verinont 10¢.; pineapple, new, 2c. a 25c. Coxpacy.—Trade has been moderete, And values not quotably changed. sizes, 17360. wD tarred Manila, land cordage, 'i5i<c. a Canpixs.—A fair distr with prices raling steady. parent do, 38, a ive"; adamuntme, Ibe prices. 2Adee. a Ke. cas January delivery. Corrxx.—The market has remained very firm. + paraMine, 20. a * Corran.—A lair business has, been cons ing the Bast three days in lake, but at ‘The sales aggregate about 300,00) ibs" . closing at 4%c., cash, and 2Higc. We quote :Maniia, large and, mail Go. bolt Fope yarns, 19%¢c, a 2} fe. Sisil rope, Bh I6igc, ; Ri tin ‘an bolt rope, 170. vy business was’ reported, © quote :—s) ‘Be, iy ot lake at tor been less active to-day, but We heard of sales of 4,600 bags ot Rio, ex Braziliera, at 24%c., and 237 ao., of Marieaibo, ex Rocket. at 214 the stock of Rio in the Un! lows lveston, A 00. hi 5,400; Savannah oh 14977; New Messrs.’ William Scott & Sons report ited Siates iNew Origen, gene ie mei puter a te.; La fie ait Ta, 8e. C%, apie st. Domingo, Wee $ ig sta Rica, Zc. & rican, eo. ao aie ; Savanilia, Ze. @ 25e.; Cu- Ree 2c, a Be Corton on the spot was in fair demand and closed steady. Forward delivery, | under. f fair Fytransactions, ad- vanced 1-19 a % per ib, cloling tiem. We quote Opt Mande, Al besa 4a leans. Texas. Ordinary . 13% 13% 135% 13% Good ordina: st 15, it ish Strict good poedinney Miyis 1s 1516 I 153 Low middli 1534 1534 bs am Poot 15%; 16 16 0, 1634 IT 7 if —The quotations are based on cotton in store, running in quality not more than half a rade above or below the grade quoted. The gales were :— Total’ .00 balos. To-day, wy ag) By, at 15 L32c. a 15 7-326 is 8 Wess 100 at Magid 30) ‘ebruary, BNO nt 13tic., 40" at at 15% c., 400 at ¢., 1,100 ar ls ‘13-16e., at 157¢c. ; March, 600 as 1-l6c. ata 400 4c. ‘paid. "to ex- ‘Total, 10,800 bales, ‘at 1640. at a ose iar Sud a 1514 sze., ar 157. tee 160.300 at 13 15.300, azo, 10) at 1p it 15 1,100 ut 18 27-830 #16 1-820., 200 Toxen,' 20” At 16ige."Exchang change 100 December for January. Grand tots}, 15,500 bales. 10,981; eS 1 Wilming 101 Yo. "foal, Moar, last AL by, sieam, Lge. ; 54% marks per too” remen, Py, steam, 1c. 5 Jad. a 7-16. by sa ‘This day (lal) Lge. 76,500 Dustels: 1,632 bags; oats, NY future igelivery basis low middling) the sales have been evening, Senne: 10 ‘at 15 peonn January, , 500 Bt TL-t6e., Fr at 15 23-32c. ; March, Decemiten, 200 at 200 ‘at 15 19-82c., 200 100 at 1 Hates, were auuted ‘thus bs., equal io 1% by gall, se. Gray Datelnne veas, 11,270 bbls. ; ‘corn, 42,530 do, ; corn meal, 125, bbls. ts, $9,500 'busheis ; To-day, Last. Eve'g. Total. 1,030" 826 1,556 215 1476 - E} + 2,333 1,041 364 e are 330 bales to arrive. For after, three o'clock —De- 100 at 15 5-16c., 200 at Receipts at the various ports were as. tollows:—Galveston, 2,350 pales 840; Savannah, 11,068; Meriote i 1,623; New York, New Orleans, rleston, 2,823} 7445 Boston, Th last week, 26, ¥o Hamburg, Dy plea, fo Liverpool. BY wheat bis. The barley, 2,400 do. aoe miarket was decidedly firmer under a tolerably active export demand, and shipping grades were luc. a Zoe, dearer. The sales, including all kinds, oot up 16,500 bbis., at prices within the range of our revised quo- Corn meal was acti part on tations. up 1,00) pbs ve and firm. The sales sum private sermisy but including West- We note :— 34.50 $5 75 da 270 a 7H a 625 Extra Western. a 700 Extra Minnesota a 800 Kound hoop Ohio, shipping brands: a 700 Round hoop Ohio, trade brands. a 70 Famil a 85) St Louis, a 675 St Louis, stra: aT Loui: a 800 alu California Nominal, Rye fiour. CO a 600 Bouthern, No. a 50 a 6% a 8 by al 2 a 375 a 30 a 445 a f. —There was a good demand th small offerings, prices advanced 2c. 00) bushels, at 3 $1 55 ior choice Northwest, $1 55 a $1 553g ior No.2 Milwaukee attoat, $1 56 tor do., aiterwards, ‘The sales were about 200, Chicago, Winter wheat held at $1 65 $1 86 a $1 9 for white. ee Wese afloat for iniixed,, B0c. tor, do. and atloat estimated at 220,50) bushels. in good demand. The saies at Séc. a 863¢c. tor mixed, Sie. ket olosing frm at the sdvai firm. rd of sales ot Canada, and “i 4) a 3150 « re 0 lor wheat for shipment, and, fc. er bushel. $1 Bt for in store. for red. $140 tor amber -and The stock here afloat Ty7,s86 bushels. Corn. wus in kood demand for expore, with some speculative inquiry. 150,000 bushels, good demand tor export, The sales were avout store, 78. a 7% sto, for damaged ye Stock here ts were firm and foot up about 82,000 bushels 68c. tor white, the mar. ce. yiarley. was yu “10,000. bushels at for two-rowed a in rn ORES URDIAGRU OE SLAL hoe musta nd lia report r No. f $A; per mIgaTa—A fair Which was a trifle easier. ‘enerally favored the shij ie oi blverpodl, by steam, SOO 52s, 64., and to tierces of beef at 10s. 6d, 50) bbls. flour at 5.200 boxes bacon at @s, 6d. of beet at 10s. and 8 bbis. of sail, 300 tierces ot comprise a 2,000 quarters grain at 88. ters grain, hence same yo: hence same voyage, 4,000 bark, hence Aa38, ‘Voy age, 3.200 q it ft closed "late lust evening). hence ta voyage, 2 0 quarters grain at se d\, £10 wracurt red to a direct port; an American ntwerp, Beneral cargo, at Norwegian it ordered to a tons, hence to An’ sum; a Britisn ‘bark, general cargo at a lump’ sum; to Bristol, Jeum at 7: a Britis! do. at 7s. 6d., one-third off if t bark, from do, to Antwerp and Bremen, 44000 ship, to arrive, trom do. to fined do. at 78.; a German Bremen, 8,000 Dbls. of refined barks, irom Savannah to Bremen, 1,60) an of cotton respectively at hence to @ Contine nial Pee hence to Beyrout, particulars of which we wer general cargo at a Inm hence to Bremen, 5, d_ firm as fol- 1 middiungs, 25; 60 Ibs. oF middlings, $24 a BO ibs. or medium teed 824° Wits, or No. (a $255 rye feed, $24 a $25; ground teed, $24 a business was reported in_ berth freights, with rates ruling steady. Vessels t ready market, but raies were somewhat i excepting for grain, for charter iound @ ilar and syements were :— ushele of grain at 124d 400 bales ot cotton at ir. The C 600 bus! ary! do. at Sis. 6d. io Glasgow, by steam, ., 180 tierces: pork at7s. To Antwerp, by jard on private terms. The charters Norwegian bark, ence to Cork for orders, 7 @ German bark, 2100 quar- and rat ters oe Jalian Dari Ss. 8 ening ‘K, 7: hy sum of 22,023; 8 000 bbls. of crude'petro- h bark, from Peet hia to Cork for orders to the United iEingdom, it ne 2,900 bbls. of refined ‘direct port; a British bola of ree lo. at 7s. two Norwegian 1d 1,700 bales 11-16d. Rumored—A_ vessel with naphtha, and a vessel 000 cases of refined petroleum, ‘¢ unable to obtain. ‘Guxwixs.—There was a moderate inquiry for domestic cloth trom consumers, but the transactions were con- fined to ae parcels. Dom jor heavy average; 9 gs held nominally a intr ak —The mark: and unchan; fed. nila quot at 8e., do. also qui Xe, bac. gold, MBute butts met 8 were realized. currendy, cash. tie quoted at 104ge. a Le. ake Calcutia cloth, C. ‘et for hemp remained quiet ted at 1U%gc., gold, and Sisal et, Dut quoted firm at, trom ha tair demand, and Sal 8, 400 bales, at 1%4c., Hay anp Straw.—The demand has been quite brisk since our last report for both hay Market was firmer. We quot ge per 100 Iba. ; reg Sen $ Hoc $1 O55 salt hay, 70c. ion; tor Goc. for wheat short days quot ern, Be. @ Lbe. 5 U1 a a.ddc.; patentdo., Sc. a 800.5 sian, . & Sle. and straw and aha hi yy ng a's $i 20a $I Straw—sdc. a 95c. tor do., 8Uc. @ 9c. for oat and Hors.—Trade hasbeen moderate during the past three «l price: eda A no essential Wi ri air 860. @ 40e. MoLasses,—Domestic was in fair demand and the mar- ket firm, foreign Temained quiet, bag was held with dence. We quote :—New cr Di considerable confi centrifugal and m:xed, Ie Ho yD ee Se 2 4 ‘English “istaiidu, dhe Rew brieans ‘6. B 68c.: dld crop, New Orleans, Stock 9 livery at 1d, and 3,00) bbls. Ibe, Other sales were rumored, Navat Stores.—The market for spirits of turpentine was Bull and entirely nominal. Diz wekear of i Duda above 18. at $2 5, Fitch was quoted 1 ym all a ‘Oia Lad at ‘3 steady ‘0c, yned and the finer grades, wa $2 Poe common to gad The asking price was dlo., Kosin was also duli Strained a re~ i Wilmington, com. not jominal at about $3 a $3 2. 8 een distributing business at seed mo ‘ices, tales in’ oaks ‘trom crushers hands, at Be. 8 ae, modermiely, active and Cem; quate Bie aed id $1 70 tor natural winter nd $1, 70 for blete hed. | Crude whale, was quiet and quoted At 60c. for northern, Sic, a 60c. f ther ie, fo. for natal fer anid 70e, a Tle. tor bleached, ‘Lard oil quoted at f & 7c. for winter. Crude cotton seed at 400. Wan atectahaen oteales fuihentioate th them. rio! 5 250 standard of do for February, at snd menhaden at 40e. to-day the market for refined of standard white for December de- wet but firm at the recent improvemont, We heard of 2000 bbis. ot high test, for February, at but we were unable to in bulk, was insole, but Cases were quoted IWie., pominally. ry ‘Philaael quiet. Keined quoted at c. for sauaey 0 ibis, at Ite, heard of ot, high ¢ test t i Decem- | lor Janaary, at ibe. ; 5,000 white tor’ do, at fargi Vt Ad the any rally auick, but quote: od the markets were ge’ ry yet ts—Pork, 124 bbis.; beef, ack~ ages: Semets do. Laird, 2,891 bbls. at de ros and 160 ‘the market’ tor, misss pork forward, livers, mt AL were reported of 1,000 bbls, f Ly bbls. for do. 25; 1.000 aud ay ie Aaa Me | firmer. and short clear, on private ering: "200 ‘Dots af don tor Mote longed 260 3 of jor ‘Beet Business tinued moderate, with und stoady. ‘the soles foot ap. Boout, 450 thin the sur of a $19 W tor plain mess bbls, Bil a Sts HOF ex- ra do, bbis., sun $2) for prime mess therce: for India do. therces and $71 4 $2 lor extra India, meas. Beet hams were quiet and steady, quoted within the range of $19 & &: f commMOR to Choice, Sales 100 bbls. t $22 Wa $2. Cut meals inet with a fair Aan’ and for some descriptions th Bales were Teported of 5 pickied hams, 101) 600 smoked do. at Li ise., 400 sinoked shoulders at 73c.. 30 Boxes of clear beilica, 1 ibs serene ae tone Wat" off boxes of shoulders, tor January, on private terms, Lara— The market for Western was moderately active, eens at Sige. cash and December, 8%. tor January, for February aud 9c, tor March. The sales were 300 tlerces F December at Air., 3,600 tier 500 Gerces for March af 9! 50) tierces tor do at 9c city lard was quiet; 50 tuerces sold at S440. Dressed hi were in moderate request and s:eady; pales were um at Gree ree for the range of heavy to light, CK Jair business was transacted t-Jay in a job- pres ‘Way, With prices ruling steady. The sales toot upoo tierces of Carolina at 7c, a 7c. and 159 bags ot iangoon zee 0 ¢ market for raw sugar was ¢ trifle easier for the low grades, but firm for joan Cee rasee ‘Gupted a6 from 739. @ 7J¢6. tor fair to good retluing. es of & Iilids. of tar to good Cuva, at hhds. of fair do., at 7346-7 225 hhdg. of molasses sugar, at 6346., and 2,555 ‘boxes of do., at 6%. Reiined was in moderate request, and sues standard A's," and 1! uote :-—Cuba—Keflning, inierior to Tec: fait to good fair, Te. a pias priine, 7%. a 7% ry, fair to a rime’ to Me, eosatrifieat, haa, and xe, Be. a gC, « hhds. and boxes, 5340. aB%e. + meiado, de, clayed—Boxes, Duich standard, Nos. 7 to 9, 6: do., 10 to 12, 7c. & BIC, 5 do., to 15, 8440. a 8% 6 Were Bion ds: 1s hy ip ‘Refinin: orto rime, He grocery, far to cholo ira — iandard, Nos, 8 Bic. Dutch standard, Nos. 10 to Bie. Superior and extra superior, 63 Skeba—The market for linseed was quiet and values about the same, Sales were made since our last of 6,5 bags, ox Jeauctve Court, at $2 3216 gold, 00 days. Clover Was quiet but firmer at Ye. aske, ive. bad. ‘Timothy Was duit, but quoted steady. at $2 90. $8.29. ‘Rough ax ‘Was quiet but steady at $1 80 a $1 W. Stxakinc.—The market was quiet but firm. 20,000 Ibs. of city at 8!c. ‘Tainow-The market was moderately active and We heard of sales of 15,00) pabe of Prime at Tc. #7 7-16c. and 25 hhds. of do. at 7 7-1 Towa There has been a fair basiness consummated Sales ¢: in seed leafs since our last, with prices exhibiting no es- sential change. ‘The sales embrace: 5) cases of sundrie: 1b; 100 cases of do., sof Connecticut and 6c, for fillers; Ie. a tor wrappers; 41 cases of ‘on private tering’) 30) casen of iige.4 1Oeuses of Wisconsin, crop ky sold to the extent of 20 ice to lie. ; foreign: tobacco ‘was in ood Be. ales of Havana sold, part, at 70c. a paid, and the balance in bond, on private terms. pavool The market during’ the past three days “af en active and strong, fine Heeces particularly bein demand and at advanced prince, “at the elves higher Prices than those exhibitea by the sales were demanded. he transactions embrace —20,000 lbs. of X Ohio fleece at tise 10,00 do. ot Michigan do. at B0c,. do. of dic. a 4734c., 12,00 do. of domestic fleece at 74c., SPom do. of varlous feces at S20 ., for unwashed, Bnd de 9 Be. or washed, 10,000, d 1 Ohio at of super, puliea at die, 90 bugs of mixed bs. of Western fleece at 4 aot Cape at 0. Ssxsc., 30 ales of Cape sheep skins at Sic., 3 Ips of Texan at 360. Ibs. of scoured do. at Sic., bales of pulled wool’ at 35c. a dé5c., 16,000 Ibs. oetall 6 lifornia at 23c., 93 bales ot do., in lot ce oo at 2lc. teil ; 75,000 Ibs. of burry Ualitornia Grete ft 2c. Baw ibs, of pring California at 830.» 20,000 burry Hee.» 00H Ibe of don at 2c", If bales of Saat utorn at Bie 1d bales of fine do. at B2hc. of California 20 bales of Montevideo at S80" 80 slew of do. ne 5c, 30 bales of Megan at 350.10 bag: of medium tah ‘at Sic., 10 bales of fine and ‘medium Oregon. lambs at 3235 fi lbs of XX Ohio, ae of sorts, 4,000’ Ibs 25,000 Ibs, of Australian, & “3 B bees Ss of extra pulled. a6 Dagh of extra and super do., 40, of spring California, 39 bales of do. 75 bales of lamb's do.. 41,090 bales of Caltior- ‘and 8 bales of Cape, in lots, all on private vWPutsxar.—Receipts—78t bbls. The market was mode- rately active at a further advance in prices. The sales aggregate 30 Dbla, all ato. We also note sales of 4000 8. of alcohol, fOr export, at 4%, DOMESTIO MARKETS, Gatveston, Dec. 9, Ui Cotton—Demand fair and easter; good ordinary, 1 ordinary, 124c. Net receipts, 2395 bales. ules, 1,500 Stock, 61, New Urtxans, Dec. 9, 1873. core irregular and easier, payers aud sellers apart; middiings, 16c. ; low midlingy 1i7¢e.; strict good ordinary, Bie et receipts, 10,98L aoe gross, 12,043, bales, 2,000; last evening, 5,000. Stock, Moprux, Dec. 9, 1873. Cotton quiet and cary; middlings, 1ic.; low middlings, 1tige. a Likge.; good ordinary, 13ige. Not receipts. |, Pog Exports coastwise, 1,506 Sales, 1,000, Stock, Savannxan, Dec. 9, 1873, Cotton weak; middlings, 15e. Net receipts, 11,068 bales. Exporis—To Great ately to the Continent, 52. Sales, 2247. Stock, 1 Cuantisrox, Dec, 9, 1873, Cotton, quiet, and easter: middlings, l4gc; | low anid tings. Lee strict good ordinary, 13 et receipts, Exports—to France, ss coastwise, Beleg Sue Stock, Bh T27. Witarxcton, N.C., Dec. 9, 187%. Spirits of turpentine firm at Rosin steady at $2 20 for strained and $2.80 tor No.2 Crude turpentine guile: at $2 ror hard and $2 W for yellow dip. Tar cog N, ¥., Des Flour steady: sales of 1,600 Dols. a0 $775 for No.1 spain, | $3 75 for ainber winter, $9 60 or white winter, $10 tor double extra. Wheat firm but quiet; sales of 15,000 bushels exira white Michigan at $18). Corn firm but quiet; sules of car lots at osc.” Barley quiet aod unchanged; uplake Corn meal, $135 for bolted, god $1 30 for uubolted, per cw, Mullived, higher: shorts $2); shipstufts $21 plaalings, $23 $24 per ton. Railroa jour’ {o' Philadelphia aud Boson, we. to New York, 0c. ; to Albany, 42c 0, Dec. 9, AL ake and yall imports for, the Finst 2% hours:—Flour, 13,225 1,809 bushels; corn, 26,300 d oF, Soa do. Rail shipments—Whe: e Orn, 45,1 oust 21,000 do. Flour Western ground dating s 87a $7 0! bakers’, $725.0 $s 35; amber winter, $3 u $8 9); white winter, $8.50 a $9. Wheat inactive: Milwaukee. No. 1 spring, $144; No, 2 do. Chicago No. 2 do , $135; red winver, 1.708 $175. Corn advanced; sales of Western at 65c.; do, at 66c. Oat: Western held at 48¢. a. Boe. Barley firm; Cau $1 65; No. 2 Western, $1 W; tworrowed State, $125; four. rowed State, $140 oe hominal at ec. Barley’ malt steady; Western, $160 9 $175; rem $175 a $180. Owner articles unchanged. DO, Dec. 9, Flonr firm and in fair demand, Wears. 4c. bitter, Closing weak; sales of No. 2 white Wavash at $1 66; amber Michigart cash, $1 48a $1 49; December, $1 $1.53: February, $1 56; No. Tred, $1 &$1 45. Corn opened but cloved & 3 cash, 590. a 60c. January, We. ; February, mized, Ge.; new, boc, Oats fem and in iait 1 Abe. + ; Dressed hi 4 85. blover seeds sold at "$5; mammoth. 000 bbls. flour and 9000 bushels whe 4,000 bushels wheat, 19,000 do, —- and 7,000 d. ‘irm at $3 firm at 80. Recelpts— Shipmients— nek ches. 6; ‘a Flour unchanzed and, quiet Wheat dan and lowe put, closing arm. pring, $110; No. 2 eprin euah and December, anuars, $i isi bras ‘No. 3. spring, Fejected. $t Corn shade off; best Brices wert Suc, cash and December, 523zc. January c, February ; rejected, Sic. a i2igc. “Uats active ; c. a rH 72 cash and January; ied igher: Pac Bo.” ‘Barley adult, ead drooninas $1 Wiid and $1 90 asked; No 3 spring sold at $1 rovisions duil and unsettled. Pork lower; sales ih; $14 20 January; $ $14 8745 a $15 ¥ebruar megs firm at $1275 a $13. ‘Lard stcady; for cash, & bates f easier; closed with sellers at 84,c. Meats quie asier, hot quotably lower: shoulders. from 10 Oise 8 old, 5c. a 53gc.; short BP middles, 6% c. sereon 4%e.; short ribs, ae eee ceipts— ,000 19,000 bushels Gorn, 28,000 bushels oats, 3,000 bushels Ty8, 18000 bushels barley. Shipments—12.000 tour. 63,000 bushels Trent, 1,000 bushels corn, 22,00 bushicle oats, 9000 bushels rley. iy Active ana higher, closing No. 2 mixed, and 5 hoy HAVANA EXCHANGE, Havana, Dec. 9, 1873. Exchange—On United States, 60 davs, currency, 76 a 78 Percent premium: do. short alent eurrency, ty b % per Gent premium: short sight gold, Soa v7 pet cent pre- mium, On London, per cent premium. On Paris, & a 90 per cent premium. “Spanish wolde i? a 7% EUROPEAN MARKETS. Loxpon Moxey hei —Loxpox, Dec. J—12 1 P. 3 United States te: bonds, 7a new fh 92. York Central, 79, tr Railway shares, 38}, pees 694. 3 P.M.—Lrie Railway shares, 35; 530 M,—Cénsols for money, 9174; for tue accoult, wig a ba. Panis “Bounse.—Lonbox, ‘Dec, 9-3, P. wine ni Fhankrone Bov! M.—Paris dos- P. M.—French uote Rentes at, 68. 3:50 5:30 P. StFronch Re Rentes, 586. 95c. poke Dee SS ‘United States for the issue o a0 bales were Ai Dec. 9-3 P. ._ Bales iow good fe ‘OFleans, nothing below good oi) December ‘and Januarys at 37-100. is of middiing upland nothing below hit November, at 33, The pH 4 fag eae ASvaing mn lads. da a a 84d? nid dis Ry les, iholuding Sales on the basis oe md mide st de Gad Caen ordinary, wtnon Dec. 95:30 P. The market tor yarns and fabrics & at ae is “TivanrouL, limmapstorrs POOL, Deo. P. M.—The receipts of Inbeat Ine Tas peat cite days Deon 82,000 HO) American. have uarters, including 31 The he market iy quick is) _ Puovisions. Manxer.—Lrvenroot, Dec, 9— Bvening: Bacon. 308 Gd. per cwt for new short rib a nn American rosin, 7s. 9. percwi Lard 4s. per ““Tivanroot Propuce ar agate Dec. 9-Even- .—Tallow, 888. 9d. per cwt. rn Propuce Ma Manxet,—Lonpow, Dec. 9—Fvening.— Calcutta Linseed, 62s. wallon MARKRT.—ANTWERP, ag Tor ortine pale American. FINANCIAL, ABEXANDER "cea & COMPANY SEC RB al 1c rate’ compan! merchems, anaiweturers, mines, Our Ropiser contains. many e os, am wesumien ALEXANDER PROTHINGHAM & COMPANY, ‘and 114 Broad ws A. Way.—Stocks bought and sold on \ comission; Privileges ‘negotiated yy stocks on members. EKCHANZE o Tesponsib! fe parties. Kxplunatory circulars mailed to any address. te amemenied CITY 7's, rate BON! DS, Jersey City, ‘7 ad Bonds, panini rw Aan Wall street, HAVE 87500 (ESTATE FUNDS) TO LOAN IN ONE yunis preferred) on first class OF moro gins Crgpoution, Over. 9) per cent Val city property ‘ont xpected, only lawyer's (66 amd (ise bursemneny ha ‘nets ‘only, heed address Bacu CW iy box 4,144 Post giticey ine cael this cnebln ayes vi Ly ‘eaplial to risk, kxplag a ctreulars maid ATOH & FOOTE, H bry ree No. 1: Walt pre nee dealings im Gov-. roinent Bo: nd Gold a MAxoracrone ns. wit ESTABLISHED UAE May find opportunity acs JAUME New York city real estate, in Fezlous amqune: . ai ty. ,Aargrest shewes deposits, Stocks 26, See eenctledae for ci M of erting, character, Ww eir Capital y apply i de dante & FRAZER, brokersin ONEY TO LOAN—ON BOND 1D | MORRUAGE Ox = Iso Moncy to purchase first and seeond Mor sino Money to pareDsSOUN & PIERCE, 195 Broadway. PUECHARE > MONEY MORTGAGES (FIRST | LIEND wanted—On City. Brooklyn or Jersey City Pro peincinale daly Add tens, with pissticulace, OLPLTALIGE .—DOUBLE PRIVI x 4,980 Post office. TOCK PRIVIL LEGES 5S AND GOLD ON it gues OF aaPONe IBLE, GES. ALL ACTIVE STOCKS Fer THE i, BACHANGE GOTIATED. TEN TO THIR! ShoM lin SHAIES UPWARD. GIRCOLARE PSPRAINING WITH REFERENCES MAILED TO ANY ADDRESS. LAPSLEY & BAZLEY, uO a, acy BROADWAY. Tou LOAN-ON ets MORTGAGE, te AND im rat class city proj oaty. DIxdN, WATTLOCK & ANDERSON. 191 Broad TN (LOAN AGENOY, 738 STRBRT, CHARLES K. DEUTSCH, General Manager, makes loans or Bonds, Stocks and other marketabie Secarities. a buys Commercial Paper and negotiates Ratt $390,000 to buy First and Second Mortgages tu ¥ iu vicinity. WwW 3 FOR PURCHASING GOOD EIRAT and second Mortgages; also to loan on firat clase city property, mproved or pimproved. HAVE FUN LEAVITT, 54 Wallstreet. ECIAL CAPITAL, FOR is? Business in Wall streets vith this ie cae tt oct tty annually. dress NESE AMBITION, Teral af $200 REE 2s IN WALL STREET THE last ten days hee. pate. many of our custom» Ww as ors $2,000; sume ie , 0 can be invested withous naAtOry pa mat ton, © P88* oxP ATEN apt a ee kers and Broke 50 Wall street, Now: York. TED—FOR SIX MONTHS, ON PER- note, with collateral worth’ double the » DOX 4,083 Powe $500 San’ one liberal interest paid. Address 4. 000 FIRST MORTGAGE RAILROAD BONDS, bearing 5 per cent, Bold interest, will he sold for cash, or exchanged for real estate. BONDS, box 106 Herald office. $4. 200 TO LOAN ON FIRST MORtGsGn ee Real Estate ore three ti amount; $3,200 now and $1,000 hin six mon AN, 7 Broad: dreas by letter, describing property, A LO. way. AND $5,000 asPosrate owenlaga: mun Applications must contain full particulars to com, attention. W. K. OFIs, Atorkey, box 829 Post ur ND, O® oa or ea ee BAETERD, 66 Wall $110. 000 7 HOA DAMEDIATELT—ON BOND and mortgage, at moderate irst class) provert only—dwellings or stores, we! cated. Puli LON & SLOAN, 31 Kast Seventeenth —-TO LOAN, ON CITY rarvard $200.000- Reali, 2a er 10,000 TO LOAN ON ghd! mad fe ts ! Intérest iue and unpaid November 31 WILLIS, Montauk Insurance Company, Wea eoadway. COPARTNERSHIPS. ‘OTICE OF DISSOLUTION.—THE FOLLOWING AD. Irertsemgnt appeared in the New York Herald of De- cem D x. Notice ts, hereby given, that the, Gems ot ¢, Hs Moorman & Go. ot Loulsvilte, and Mil iton J. Hardy, Gos ot Row Fork, both firms composed of the” und ned and Milton init Hardy, have been this day ‘dis, sea in ane of notes i Suthor sive Ore me id arc either party is authorizes ames o¢ the Arm Oe MOORMAN. MBE Anaction ¢} wind up the aftatrs of Loth firms was bo- fore the publication of said notice commenced by mo against Caarles pee “clroutt Court Ot the United states f i e jet a Inew Youn, Dec. 6, 1873, ILTON J. HARDY, THE MONETARY SITUATION. Secretary Richardson's Coin Resources and Liabilities—The Nedemption «of the Loan of 1858. The only item of fresh interest affecting the gen+ eral monetary situation which came to the street yesterday was the information from Washington that the House had passed the bill for the payment of the loan of 1858, as reported from tne Committee of Ways and Means, with the substitution of the word “coin” for “moneys.” This bill differs some- what irom the like bill passed by the Senate. It declares that for the purpose of redeeming the bonds issued under the act of June 14, 1858, 1 te the pleasure of the United States to pay all the cou- pon and registered bonds of the loan of 1858 on Lat of January, 1874, at which date interest thereom shall Cleat it poprenelntye “money” (coin) te carry out that provision. The second Fection authorizes the ecremry ot the Treasury to issue an equal amount of Arg cent bonds in exchange for such bonds o1 pad the holders thereof may desire to exohatge con or before the ist of February, 1874, provides tne commissions ern whatever pe paid for the exchange of bon Quite an fumated debate, it willbe seen from the Washington report, followed the introduction of the bill, which was remarkable Principally for the ignorance it exhibited on the part of Repre- sentatives as to Secretary Richardson’s strength im respect to coin. isp Helter in this reepect ‘was scarcely better understood on the street, hence the following exhibit of his coin resources and liabilities is submitted for general informa- tion:— RESOURCES. At the cee of business last evening, the follow- ing was rted as the balance o1 coin im the ‘Treasury Hy the United States Coin. Certificates outstanding Balance to credit, United States.....+..++ LIABILITIES. Interest account as per public debt statement published December. $10,940,419 Accrued interest November an 26,811,968 Interest trom Pegs mle 1, days on $1,218.340,150, 6 per cent loans Do. on $497,801,400, 5 per cent loan... Deduct interest payments since December 1., $37,185,737 Balance of resources in Secretary's hands at tts date ie gaeegasttaoee 8s ct to tl ee called bonds of 1862, mececemi tna ba per public debt statement, November 30 Interest due and unpaid , Total.. . Deduct ainounie paid’ in Fedemipti twenties since December 1, at 5 New York city... Total whe sition of the Treas- The above table shows the positiot ury department in reapece to its coin resources and coin liabilities at the close of business last evening. Subjoined will be found @ similar table, brought forward to January 1, 1874, when the loan of 185%. matures, nee ee RESOURCES. a test Coin in Treasury at the close of business evening, less coin certificates... .. $58,500,000 Probable customs receipts tor balance of De- cember, calculated on the daily rane for, the expired portion of the month...... Total, Interest account, Total... Deduet payments made since Becéma- ber 1, Jor iaterest. Redempsion of fhve- twenties. Deneit Janita: Applying the same estimate to oa inetd Lg on ments and redemption of called has been applied to the Customs receipts. ee will re the same result January 1, 18743--. mated Customs receipis for the balance of apo month, 7 » $6,500,000 94. “Refined petroleum, 1d. per | Dec, 9~Petroleum , —LAPSLEY & "BAZLEY, BROKERS, ry BROAD. 4 me meena s anferest payments forsame gy Bi mince pasaichts fa edema i Net Customs recetpts for Decembe' Coun in. treasury at daie., Liabilities a above. cape smnated pay ares, Defloit Fanuary 1, 1874 REAL ESTATE. ‘The auction dealings tn real estate continue to be confined to legal sales, Thus yesterday Mesors.. E. H, Ludlow & Co, sold, by order of the Supreme Court, under the direction of George D. F. referee, the two story brick stable, known as Sniffen court, near Thirty-fourth street, Messrs. Bleecker & Co, offered, ander sa order a8 the above, under direction T. Ruggles, referee, a house aa lot local on 106bty street, west of Second avent ‘The following are perdiculars of Me sales ~ YK. , LUDLOW AN’ OO. ® 124. brick stable and lot No. ¢ a (wean Lexington and 3d ays. ; dot Wy, ‘hss eraM vee WY iAMOK te ANTE Us, ag wv ours anid 104, as Wot st. ry tw AV.; WL 1W9KI0KI; eZ, Mout. fe ets. re am \ 1