The New York Herald Newspaper, December 11, 1873, Page 9

FINANCIAL AND. COMMERCIAL What Our Women May Do to Bring About Specie Payments. THE HOPE OF INFLATION. How it Affects the Market--Stocks , Strong, Yet Feverish. MONEY COMPARATIVELY EASY. ‘The Banks, Their Condition and . Duty to the Public. ‘GOLD, RAILROAD AND GOVERNMENT BONDS WALL STREET, Wepwespay, Dec. 10—6 P. M. } There is no thought in Connection with the finan- clat comdision of the: country that ought to be so quickly crystailized and held up to constant view a8 this:—That upon the “people” of: America de- pends the successful somtion of the grave financial problems now disturbing the public mind. Con- gress may enact and hatch out plans of relief and reform until doomsday; chamners of commerce and individual theorists, wise merchants and ex- perienced political economists may devise and sug- geat Measures Without cud; but until the masses— especially those of the middle and upper elasses— rein in their extrivagance and adopt new formulas for the exhibition of their tastes—until, in brief, ‘they rise superior to the stupid convenvionalities ‘Which seem to make it necessary that each one shall dress and live and luxuriate in *a style grander than that of his neighbor, we shall not @peedtly return to SPECIE PAYMENTS, or witness a currency stable, uniform, eMcient and commanding the confidence of the world. America ‘has @ population of 40,000,000. We are a nation of producers, and our market embraces more than 300,000,000 people. In certain respects we are like ‘@ firm who control a vast and unassailable mo- ‘mopoly. It brings us money from Europe, mill- ions of it every year. Fool-like we send it bac faster than it is received. We buy foreign gim- cracks, articles of vertu, dry goods, laces and tons upon tons of stuff, the bulk of which owes Its chief ‘value tn the eyes of womaniolk to a foreign stamp. It is this species of extravagance which enhances ‘the importance and value of our imports, adds to the annual bill against the nation and practically prevents us from entering on a career that, not- withstanding our national debt, would quickly give us financial pre-eminence throughout the world, The subject 1s full of thought, underlaid with general principles and worthy of general dis- cussion, and if the people and the newspapers ‘would take it in hand patriotism and self-interest ‘would raily their forces for a determined warlare ‘tn lavor of economy and domestic goods. THE STOCK MARKET P to-day was irregular, opening with much promise ‘for higher prices, but gradually yielding uatil more or less of decline was experienced in the entire line of shares. The chief business was done in Union Pacific, Pacific Mall, C. C. and IL. C., St. Paul, ‘Wabash, Northwest, Ohio and Mississippi, Western Union, Lake Shore and New York Central. Erie was strongly sympathetic with the London market, and declined about 2 per cent. Much of the condition of the market is due to the expectation that Congress, sooner or later, will yield to the demand for larger issues of currency than even the $44,000,000 that has been held as reserve. Con- tingencies caused by the panic, as well as by com- plications with Spain, necessitating unforeseen out- Jays and a larger use of the {und than was antici- pated even by PRESIDENT GRANT or Secretary Richardson during their visit to New York, just anterior to the panic, have reduced this tund, and Secretary Robeson, of the navy, has Deen compelled to ask for even additional appro- priation: ut it does not necessarily follow that Congress will therefore abandon itself to the general principle of inflation. The South and West may demand it; but there is sometuing in the tone of the Senate, as reported to-day, which indicates conservatism, coincidence wich the will of the ad- mintatration, and a determination not to submit to the demands of the present at the expense of the future. The country is just now at the turning point of its fortunes. The situation is like that of A GREAT SNOW BANK. We may build a fire beneath it and make a tor- rent that will rage full of disaster; or, we may let the sun obey the laws of nature, and, in gradually dissolving the cause of danger, at- tain the object which the country has at heart. For the moment inflation is taking place. Speculation follows in its wake, and demonstrates what we may expect if the policy ex- tends much beyond the use of the reserve. But there is reason to believe that the good sense of the thoughtful men of Congress will intervene to prevent a renewal of the evils from which we are slowly recovering, and secure tor the people a sys- tem of currency for which they wili be eminently grateful when the passion of the hour shail have passed away. TAB GOLD MARKET ‘was firm at and atter the opening, prices ranging from 109'4 to 109); a 10945, but subsequently they declined to 10994 a 1091s. The rates patd for carry- iag were 7, 6, 5 and 7 per cent, gold. The final rate ‘was flat for borrowing. The operations of the Gold Exchange Bank to-day were as follows:— Gold balances.... $1,413, Currency balances. 1,637,505 Gross clearances... 23,179,000 CLEARING HOUSE STATEMENT. Currency exchanges. +++ $74, 053,588 Currency balances. “ 169,588 Goid exchanges. 3,991,989 Gold valunces,.. 851,794 EXPOR ‘The total exports of produce for the week ending yesterday amounted to $5,170,064, mixed values, ‘which is a decrease from last week of $233,886. ‘The exports for the corresponding period of last year were $4,586,084, and lor 187i, $4,176,198. The total exports since January 1, this year, are 282,949,109, against $225,500,047 last year, and $27,866,581 in 1871. RAILROAD BONDS. “There was an active and well distributed busi- mess in ratiroad bonds, prices being higher in tuany instances, Central Pacifics advanced to 94. ‘Tue most marked improvement, however, was in Tnion Pacific incomes, which sold at 69, and were afterwards in demand at 70};. The latest bids ‘were as follows:— ‘Rew York Cen os, 8. wre w York Cou 6°97 ew York Gen sr Del, L.& W7's, con. Tol aWab Ist m Tol & Wab ist mse To) & Wab 2d m. at wont Ist a Gt Wes Quincy’ « Tol Ist, "90. Galena & Chic ex: Sa Ri eis Pac ti pas Morris & Essex 1s jon con ‘, % nae nts ai ee Morris & Fssex 2d m as a = Uni Mur dQ Bp erst eoniel Rich bot iy ; ‘A Bite PrWa cave 2a ti 9 ytd er Bias, Pitts, PEW f,Chie 9d m 88 Fe Ast. Clev'& Pitteath nn Chie @ Alion » 6 SPICE Alton tt 104 hic & Aiton, ine Ohio & Mies cor motes Ohio # Miss con B04 t Fone 8 oy | “4 ty i hs | 708 why OLN 80 * » 100, t 4 106 ij t m 6 Dh Che a Mil Ant tn sce a bd Joliet & Chie lat m.....1 me seen “8222 = = ti ‘WEW! YORK} \HERALD, ‘THURSDAY; (DECEMBER 1, 1873--TRIPLE SHEET. ‘ qHN HONBY MARKER: ‘The banks, doubtless feeling confident in their renewed strength, are again extending to brokers, with approved names and securities, of former accommodations, and we nove call Joans on the basis of 6 and 7 per cent. There ig likewise an active demand for mercantile paper, the gilt edged ranging at 9 a 12 per cent, and single names a trife higher. The banks are said to be stillin- creasing in their gain of legal tenders. It would be eminently satisfactory to the public if # daily statement of the condition of these institutions were made known, and a5 gon as there is & coi- plete recuperation—a condition of affairs which will enable some futuce “Committee of Nine” to declare that the Clearing House Association is not carrying a8 dead )weight. one filth of the fiduciary institutions of the city— we trust the policy will be adopted and perpetuated, The busi- ness men of the country would like to know the statas of their financial representatives. Foreign exchange was firm and marked by an advance, prime bills being at 108% for 60 days, 109% for aight; prime commercial at 108. ‘The following are the latest matl advices for Con- tinental rates of discount:— spread oy hi ayer coe Vienna. “ St. Petersburg... ™% THE UNITKD STATES TREASURY, a The balances in the United States ‘Treasury to- day were as follows:—Currency, $1,000,000; coin, $85,000,000; certificates, $30,250,000; outstanding legal tenders, $371,500,000, an increase of $1,000,000, since yesterday. The internal revenue recetpts to- day were $236,000, The receipta from customs to- day were $319,000, The Assistant Treasurer, paid out $71,000 on account of imterest and $162,000 in redemption of five-twenty bonds, GOVERNMENT BONDS closed firm at the following quotations:—United States sixes, 1881, registered, 11444 8 114%; do. do., coupon, 118; ao. do,, 1862's, registered, 111; do. do., five-twenties, 1862, coupon, 111%; do. do,, 1864, coupon, 114 a 114%; do. do., 1865, new registered, 112; do, do., 1865, coupon, 114% a 115; do, do,, 1865, new registered, 113% a 114)<; do. do., 1865, coupon, new, 117% a 11734; do. do., 1867, registered, 114 a 11444; do. do., coupon, 1867, 117%; do. do., coupon, 1868, 117% @ 117%; do, ten- forties, registered, 1104 @ 111; do. do., coupon, 111 a 11134; fives, 1881, coupon, 110% @ 111%; do, six per cent bonds, Pacific Railroad, 111 a 11134. THE FOREIGN MARKET. The bullion which went into the Bank of England to-day amounted to £156,000. Consols are reported weak. They declined to 91% a 91% for money and 92a 9234 for account, Erie declined to 36%, more than one percent. New York Central advanced to 80, The following are the late official quotations:. Consols for money, 91% a 91% ; consols sor account, 2 a 9245; five-twenty bonds of 1865 (old), 935; a 93%{; do. do., 1867, 977% a 98; ten-forty bonds, 91% a 9174; new fives, 91% a 91%; Erie Ratl- way shares, 36% a 386%; New York Central shares, 79%; a 80. The weakness of the London market as indicated above is unexplained. {t wil, be observed, however, that New York Central dif- fers in steadiness from the rest of the quotations. The quotations from Amsterdam were as ‘ollows: Union Pacific first mortgage bonds, 72)¢; Union Pacific stock, 28; Northwestern preferred, 63%; St. Paul preferred, 56, STATE BONDS were dull, Virginia consols sold at 50%; South Carolina, January and July, at ll, and Missouri, Hannibal and St. Joseph issue at 90, The latest bids were as follows:—Missouri sixes, 92; do. do., Hannibal and St. Joseph issue, 90; Tennessee sixes, Old, 754; do. co., new, 7734; Virginia sixes, old, 34; do. do., consolidated, 50; do. do., deferred, 934; Georgia sevens, new, 85; North Carolina sixes, old, 256; do. Railroad Company, coupon, 35; do, do., ex coupon, do. Funding Act, 1866, 16; do., Special tax, 12; South Carolina sixes, 2234; do, do., January and July, 11. BANK SHARES. Bank sharea sold at 140 for Manhattan, 70 for Continental, 100 for Fourth National and 106 for American Exchange. The latest bids were as follows:—New York, 130; Manhattan, 140; Mer- chants’, 115; Mechanics’, 130; Union, 125; America, 145; City, 251; Fulton, 140; Greenwich, 208; Gallatin National, 120; State of New York, 106; Commerce, 111%; American Exchange, 105; Bank of the Re- public, 993g; Bank of North America, 70; Irving, 122; Metropolitan, 121; Shoe and Leather, 130; Corn Exchange, 120; Marine, 150; Importers and ‘Traders’, 170; Park, 121; Ninth National, 94; Bank- ers and Brokers’ Association, 75, HIGHEST AND LOWEST PRICES. The following table shows the opening, highest and lowest prices of stocks to-day:— Opening. aoe Lowest. Y, Cen. and H. R. stock c. 953% 9 121 121 t. . Paul pi Ohio and Mississippi. MEMORANDUM. The earnings of the Milwaukee and St. Paul Rail- road were as follows for the first week in Decem- SALES AT THE NEW YORK STOOK EXCHANGE, } Wednesday, Dec. 10—10 A. M., Before Call. 700 shs Un Pac RR. 500 do. 500 shs Pac M88 Co. fu Jo. . 100 At & Bag i Mo Mia 8 i 1 Mie fi SEeEUSEEEEE SSSSESES: seeene SES SSNNNSESS: Feet bine 5 oh TITLES pris BEIT SeggeEeraeect a S SESEES 100 Chi, B 20 LS’ M do Western Un Micksilver . ells Fargo im Mer shs West Un Tel do. $10009 Un P RR ig 54 foo ohs We tUn Te + 90% n RR. 20) Pittsburg RR 86 6) Chi & NW Rl ty de 70 do. WONT Con RR: 200 Chi & RIK. WEX. 8) & Fy 655g A 5 & 36 3 8 Pa ag gue pbuvug sheesh steesax yess sgeyuclgagsereeneesse= pit Foaes 12:30 P. M.—Before Call. 2 TES he ne SRR, ae + Mis SEEBEEOIEREREE =P FE Ot & Sessssessetessssssssese! esssusepess: . she E poreetra os ee BEPSECESEREEZESES CEE SECSeSSEseseSeeses Se 2: 5 seRR: or cas SNSES! SSNs ar UN & Hart RR 2h) Ohba Bins eles 400 di eK SSSSSSSSSSSSSS SE" or § ar 2115 P. M. $5000 Us 5-20, c, "67. ui% 5:20, 6,708.06 LT, Second Board—1 P. 8 z ut sass eee eae ae sees nae 2ERE: os = Tol 73% 2 ix 72% 2 200 shs L S&4MSRR. 400 do. © 7 400 shs Un Pac RR, 31 300 do.. w 20 a ou 0 glue 3000 “a ww 4300 a80u 1 low Pit wi RK ne . 20U B, HL aE RR. 400 do. NW. ChLR NW pct @ a ae New Jer Cen al COMMERCIAL REPORT. at AAS nt Cotton Firmer— Flour Firm — Wheat Steady—Corn a Shade Off—Onts Firmer— Pork Pirmer—Lard Lower—Petroleam Steady—-“aval Steres Dull and Nom- imai—Groceries Quiet, but Firm— ee Unchanged—W hiskey Higher. Wepngapay, Dec. 10—6 P. M. ‘Tre trade movement continued fair to-day, and, as asual when trade begins to increase and specu- lation to revive, prices showed considerable fuctu- ation, The export movement continued fatr, and the outward flow of produce was fatrly active. On 7Chauge business was fair, and im some commodi- ties tolerably heavy. Flour was tm fair demand, ‘and shipping extras were placed in some instances at better prices. Wheat was in moderate demand, and not tmaterially changed in value. Corn was qolet and rather easier, Oata were moderately active, in part for speculation, and the market was firmer. Pork was in good demand, for forward delivery at a trifle advance in price. Lard was moderately active, but at decidediy lower prices, Im groceries but little business was vonsummated to-day, but the market continved firm throughout. Cotton was in fair demand, both tor “ and:forward delivery, and the market was better. troleam was quiet and steady for refined, but slightly ier for crude. Naval stores remained dull and nomi- Whiskey was in fair demand, and closed at an advance of Ic. per gallon. Gorrxx.—The market to-day has been very quiet, but continued strong, with full former prices current, Late jomterday sales were made of 2,000 bags of Rio. ox Bride, at Kio, ordinary cargoes, ai a Be. Mok st ‘ige tor lots, 21 ts Java, Boy, ihe? ry ‘on the spot was = moderate A ie for ex- port, on the basis of 1 156%C. per ‘The business ‘was chiefly ior spinni ne Uurposes, &I the market, though quiet, rmed firm and closed with but tew sellers under the appeuded quotations. ‘The sales wert ‘To-day. Last. Eee Total. ‘otal —Forward delivery, ander, yanced 4c. a 316c. per Ib. asis low middling) the sales have been ast evening, after three o’clock—Jan- 2400 at “1B A-820.,, 600 at 1b Zi6e.; February, 90) at eM 1 27 100 a 2 at 15 13-160, ; , 100 at 16340 a tines “Ab ito" at 1594e.4 16 pbc, “Tia, an bales. To-day, up, to three P. Pid Becemb ember, 0 wt 18, 1 ss 160. 200 ye Ue AP TAS 16 25-32c. Total, 11,10) . The ropetbts at the various ports tom, 4,79% pales; New Orleans, ‘690; Savannah, 4,418; Charleston. Ss; Noriolk, atte Baltimore, 142, New ‘otal ork, Boston, 233; Philadeiphia, 433. 409. This 'day last week, 2367. This day last year: 17 13% Rutes to foreign porls were quoted as follows: — ‘0 Havre, by, steam, Tee. aa Lge, fo Hamburg. by steam, big marks per 100 [bs equal to L sail, ge. TO Bremen, DY, steam, Le. by sal ‘To Liverpool by Hoan, ae Fedde by Sail. Bled. We quote: bole Alabama, N. Orleans. Texas. Ordinary .... aa 13% 13% Good ordinary. 149 14 Pincuepen: ordinary ue i AG ine 16 toc 16) 17, —The quotations are based on cotton in store, running in quality!‘not more than half ‘@ grade above or yelow the Fuoum ayn | Gusix,—Receipis—Vlour, 141i bbs: Wrheat, 94,70) bushels: corn, 21,80) dot corn. ‘meal. 1.54) bbls, and’220 sacks ; oats, 43,675 bushel 5,700 do. ‘The flour market ruled firm under in good partior shipping extras. winch, tances rought better prices. The sales, ‘including all Kinds, toot up about{lé,0W bbls atprices within the rane of the following quotations. Corn ineal Was scarce and firmly held at our quototions, We eee: — No. 2 stave 50 9 $575 Superfine a 650 ExtraState 2675 a 700 Choice Stat : [73 a 700 Superfine Western. 1575 a 625 Extra Nrontyepal +67 a Two Extra, Minne ee +700 a BOO Found hoop Obie, shipping ti [675 a 700 Round hoop Ohio, trade Ural 650 a 700 Family 750 a 85u ; 60 a 675 Bt Louim straight e: TWais St Louis, choice double 7H a 800 St. Louis, choice tamily 850 a 10 5) California Nominal, Rye flou 50 a 600 Southern, No. 2 450 a 550 Fouthern, super 575 a 62% Souinern, extra. 700 a 8 Southern, tamily. 80) all Corn meal, Weste 360 a 375 Corn meal, 350 a 360 415 a 425 380 a 335 18 00 f. 0. b. Wheat—The hiarket Way Father ‘quict, and prices were iateriaily changed from the closing figures of last evening. The sales toot up 162,000 bushels a $1 52a $155 tor No. 2 Chicago spring, $1 57 for No. 2 Milwaukee spring, $1 03 tor extra choice do., $1 54 tor Northwest spring, $1 56 for car lots of No. 2 Milwaukee spring, $1 65 jor amber Mictugan. Included in the sales are’ 15,000 bushels of No. 2 Chicago, ig arrive in 10 days, at $1 53, and py po bushels of ) to arrive in about 10 days, at$i 2. Corn was a trife caster, and quiet. ‘The sales Regregsto. about 7,00 bustcts at 18 West ern mixed, afloat, and 7734c. a Sic. for white. Oats were The sales were about nd later 57c. tor mixed, 3 jor dark inferior, afloat; S3ige. for white, and jancy as high as Sve. "Burley ee ; Sales 3,000 bushels of two-rowed State at $1 45; vert rik held at $175 a $150, Rye dull and entirely nouinal. Freicuts.—There was a fair inquiry for berth accom- modation, both tor grain and other produce, Rates were not materially changed. Vessels tor charter were in good demand, wath rates slightly favoring the shipper, ‘The engagemenis were :—To Liverpool, by steam, bushels of grain at boxes bacon at 6is., 10 bales of cotton at 24d. 6d. ; and by sail, 8,000 bushels ot corn at isd. ales ol cotton at 5-164. com- bbls. four at 3s. 64. To London, by steam, Bo bois! pork at 7s. 6d. ; and by sail, 600 bbls. flour at 4s., 30 bbis. rosin at da, 9d. ‘To Bristol, by steam, 200 tons of oll cake on private terms. To Glasgow, by. steam, 16,00 active Tuoderatel 84,000 bushels, bushels of erain at 12}4d., 1,000 bbis flour at ds, 50) boxes bacon at 62, 6d., tierces ot beet at and 50 bbla. of pork at 7a To Antwerp, Gases of tobacco at 40a ‘The charters ine An. Austrian | bark Cork for orders, en quareers grain ate"; a British bark, hence to Liver: Pool, boo quaflers grain ‘at 76 6a; u German. stip, 135 fons, hence to Bremen, general caro, ata Lump. suin; a Britleh bark, hence to Bristol, with 2.000 bbls. ot refined Petroleum at Ge. 6d. an American schooner, 172 tous, ence to the windward, at 9c. per bbl; a British brig, hence to Gibraltar, 1 tor orders, with privileges of the Adriatic, 2,000 bbls.’ of refined ‘petroleum, on terms, @ British bark to arrive, from Philadelphia continental port, excluding Dutet, 4,700 bbls. of ret petroleum, on private terins; a German ship to. arri irom do., Bremen or Antwerp, 4,800 bbls, ot refined do. atés. 94; @ British shiv to arrive, from do. toa conti- nental port 8.600 bbls. of refined do,at 7s ; a British ship, emen or Antwerp, 8,000 bbis, of refined do. a swedish bark (now here trom do. to Ant- ‘00’ bbls. of reflned do. at 7s. 3d. ; a Norwegian bark, trom do. to Cork, for orders to the ‘united ‘Alug- Goin, 2100 bbls, of refed do. 7s bd, MOLASSFs The market for foreign, although frm, re. mained inactive. Domestics continuea in demand full current prices, We quote :—New crop—Cuv: trifugal ana mixed, lc. do.. clayed, I7c. a 2i do., mugcovado reine, 17¢ do. do., grocery, a ube.; Porto Rico, 25e. a Se. ; English Istands, 2. Rew” Urieans, 50c. a bdc. old crop, New OUrieans, 450. Nava Stones.—For splrite of turpentine, the market continued dull and nominal; dle. was the asking price for merchantable order, and 40c. the best bid tor round 18; 45 bbls. sold in lots at dlc. The market for rosin was sg, dull, with straimed quoted nominally steady at $2 0) @ $270 for common to good. Of the finer gradey we heard of sales of 200 bbls. ot pale at $6 52. Tar and piteh remained negiected, but were quoted nominally steady. PxTROLKUM.—Kor fefined the market continited firm scarce quoted at 53sec. for this month and Sic. tor January detively, Gases” wore "steadily held. wt te 19%g0. tha remained nominal at 8} 3 as%ec. The Philadephia market was quiet but Refined tor Janu- quoted, at 134gc, a 139c. for December and 1: fe heard of sales of 3.00) bola. of high test for De- Ee aber at 13: At the oil ats we gt ose ‘was firmer, wi ‘with quotation: Oil Cit $1, 09 Petroleum Centre, $1; Tide itusville: $1 10 3 $1 1734; Parker's, 85c. Recey fo set beef, 321 pack- 2,462 bbls, and tierces. ages; cut meats, 3,489 do. ; uiet for lots on the The market for mess pork continued spot, and was quoted nominally at $1 an For tuture debvery the market was active and cl one firmer. The sales etnbrace 1 s. tor Februa: 16; 250 bbls. for do. 6 08; 760 Dbl Aty13 Maren. “at $18 dd 500 bbls. for do., at 18 iais. P01 in good demand, but at easier tices We heard "or auies Of 1200 boxes’ of Jong pi caeg ; 2,00) boxes of do. lor eee at ‘boxes of do. tor Ji TY, at Ty 250 dy "i00 ‘boxes Y om! Febr at 74c., ic. Bee wag F roquest at steady were reported of 300 & portion of which a were on private terms, and the balance at prices, ais ‘the range of $8 50 @ $10 50 for plain mess bbis., $11 50 $e 205 ox exe 8 30. bis, $20 a $41 tor prime mésstierces, do. eres and & $28 for extra india mess Beerhinia ‘met with a ited demand, and were quoted firm at from $19 a fe) as extremes for com- mon to choice.. Cut meats were firm and in moderate Gemaney Ay) heard of sales ot 500 smoked shoullers at 00 do, hams. at ilc., 500 piekied hams, 12 Ibs. 280 therces, | ‘tor February, ‘at 8740. 10 tlercos, far dan at Sh 7 tierves, jor Marc City lard was @ shad: with sales ot 100 tiercos at Blac. youeane The market today ier, for raw sugar has been AY but prices were quoted about steady on the aie OF Tig. w Thc. for talc to good rofiming. | We have molasses sugar at 63 ony i to oe 0 sales of 57 hhds, of ds. odd Lots, at trom 4 etined sugai was queta aiid quoted as follows —Sgandard *4a%4 940 aoe Aa Oe. extra “G3 9. a Daeg ellos Be, & 9c. Ay be. nares’ iige. Refatag es, “quoted a ioilowet—Cuba-=i efining, interior af OMMMON , Hic. L_teir to gor fair, 7 % @ 74C.;, ed to brite, 7H¥en a Tene weocery f ie priine to choice, eurritual, h his gud foxes, Bo. a He: *; mnclnders hide. gad boxea’ BAG. Nour tb 40. & ete aera mart au i ne len nw date me We: Hic IW do, shoulders ax okie, 28 Boxes of Clear bellies 18° Ibm erage 000 Dioklod do, tb ibs, average, al 4000 ths OF dow Tt Ibs. sverage, at oc. and 8:00 tbe of 'do., 10 Ibs. average, at | Hep. market for Westerm was moderately sdlive, but decigeaty Tower, clusing at Bie. cash and Deceniver, gic, January and Se. February; we heard of ales of 280 ‘Heroes, spot at Wize. + B50 Hercon, for e+ eember earl Vicrege, for dg later, at S43 erces, Tor ‘Sebiaey, at : { au gerces or varowna at 7c.,&, of Rangoon athe, a 6%. ; Afviste Fesualned d ‘ull, 30 tal “quality sold TaLow and firmer. Sales ee aye em — pts, 639 bi t higher, closimg at le: hdvance,” Saiss SO obis. a DOMESTIC SABRES Cotton steady; mildlin Net ' rece bales. Exports—to. es 2,630; comstwise, 1,390. M%e. yosints. 1 bales: gross, — 1740.” Bales, 1,200. Btoek, 4: tani, for str turpentine Pate $2 £01 foryellow dip. ‘Tar steddy a 8240" Jour steady and unchanged ; sales of for Nort ring, $3 73 for ee Seaber wnt for double extra, Whe: bashels dull Lake and rail im) is.; wheat, No, 2 Western at 6c, a 6tc.; ern juiet ; “ firm lover seed’ oe ES re mi Receipts-2.000 bh bbls. flour, 9,000 bs rh do. corn. _Shipments—9\ and 2,000 do. oats. wheat, 8, Gacaao, De fra, wi Pion, aaa and Facban inged. Wheat dem: 1 ber $i lsa et 7; Gash $1 Iz Deoem BS 13 january, No. 3 do., $1 0854; rejected, demand: No. 2 mixed, S2%c. 53 bruai pts seotees ts 38a. e cash o r Jal nary earm Barley dull and une! fanged. at spring, firm and in futr demas rovisions dull and lower. salen at Slt igen in fair “Receipts—! 2,000 bbls, flour, 14,000 do.corn, 26,000 do. oats and ments—8,000 Dols. flour, 144,000 bushels whe: corn, 25,000 do. oats and 6,00 do, bare; BOSTON WOOL MARKET, The market for fleeces continues excited cent lal atan advance, ae cae fleeces MS ichigan at 47c. a 51 Sic, a Bic. D t ulled wool xtra at ac, ‘Sle. a 52c. per Ib, demand ior. pe Superfine ant fines at 50e, and very c cording to quality. EUROPEAN MARKETS. nds, Tele Erie Railway sh PEER 58 , M.—tie Railway share: M.—Erle Railway shares, 87%. 4:30 P. Daly: for the necclint, 92 4 925. rie Railway shares, 35%. jee quote Rentes at 69f. 6 P. M. Livuieoor Corrox Marxet.—Lryerroor, De Goi ot ordinary, shipped Nove: bod grdinary, shipped eee te cal ant’ cue middling: orenay ‘assae 2,000 for specniation ‘and of, middiing uplands, nothin deliverable December, at 8 3- 7,20 were American. ‘LiveRPoot. 10—4 P. M.—The marketis firm. Corn, 36s. pe lovember, at ting wy jales 12,000 bi Xport.' Sales on below low Evening.—Bacon, 40s. 6d. per cwt. for ne’ Propucw Magar. VERPOOL, or. Lo: ————— FINANC Ale ANG manufacturers, mines, XANDER FROTHINGH SAvanxan, Dec. tain, 2.28: * Fecetpts, “ee 4 LW. Stock. 116,276. 700 bushels; corn, | 26,800 arley, 5,280do, Kall hipmeie-Whent, 26.400 di 42,700 elt at 67c. ; sales of 40,000 b 66c. festern, $1 Other articles aiheeate. Touxvo, Dec. 10, 187% vas pg ‘and in fair demand’ Wheat firm and in fair am! els wheat and Corn firm and in ic. cash or December, 52%c. ry; Feiected, Sc. a 53sc. Ouws— ark: eo lower: No. 2 an . domestic wool is small in all parts of the country. bes of Ohio and Pen: a 55e.; Wisco Buxansrorrs Marxer.—Liverroor, LiveRPOoL PROVISIONS MARKET.—LIVERPOOL, ec. berland cut; 39s. per cwt. for new short rib middles, VERPOOL Sd. a Md. per gallon. Dec, l=! row. ANDER FROTHINGHAM & COMPANY SE pital for incorporated companies, merchants, Our Register contains many names possessing varions amounts for Investments, iizand bir (Broadway. z Coutine padiouny: Nxw Uniaant, Dec. 10, 178 ‘ans, Dec. Cotton irregwlar; some f faics ‘c. and !4e, below quota. oe van rae 8, tow midlings, 117 striet Cy Mg 01 a reeeipts stoma, 10,567. tae 210, 8, 3,000; Last evening, 000, W, 1873, ‘Mostx, Dec. 10, ¥ Cotton quiet; demand! moderate; middlings, 15 Exports: coastwise, Net Cottom firm; miadlings, 1 fear naiaiisgs, 1s om firm; mid 4%¢.; low Ings, 18.00% strict good ordinary, 4c." 'Nel re tm, Sst bales. hex! ports to Great eBrtiata: f em i Stock, 53,244. “iste see Dec. 10, 1873, piri 8 of tarpentine Wes at ‘noain tty St Oswego, ¥, Y., Dec. I : sales asoy jo. 1 white Michigan at $175, three cars No, b Milwaukee club at $1 55. Corn firm ve advancing; sal 1,600 bushels yellow oh now held 70c. ne encnangeds, pia 6 canada, held a at cwt. Millteed nustianpeds shorts, $205 middlis (os per ton. Railroad Trough our to Philadet Boston, 60c.; to New York, 50c. ; to Al- bany, 42. Mhecein S810 ase reat paso, Dec. 10, 1873, for. the’! Inst ey ‘hours: rigs corn, lo.; oats 0.5 bi 4230 do. "Flour quiet: Western’ gxounsd pring, $7 $7" 905" bakers." $7 $3 35 aml $8 white eter Py a $10. Wheat—Good tuqviry. but ewaales Teported; quoted :atilwaukee No. $10: a winder $1 56; white wintcr, BL 104 BLT, Corn winter, $1.55; white winter, $1 704 orn active and at the close h ushel: deman ber Mi Henan CI $1 4936; yang iL 53 @ $151; Februar, hy dull and lower; high mixed, cash and scgmbey, lage January, seyge ; Febru. ary, 59%c.; new, cash, 57}¢c. new, 6, Oats hem Now 1, "46c. 5 000 do. corn, 1c. 10, 1873. 2d 6 February; Janney. 8c. February. Bulk and lower: paruy cured shoulders a Bike. {ahigrt lear do, OF4c.. iders, 43%c. a 4%c. ; short hoes te and IMS i 8 at 6O January, 8c. bit at, 4,000 do. Boston, Dec. 9, 1873, over ‘the re- @ sales, which have reduced the stocks #0 much that desirable lots are now dificult to obtain, except holders are confident that quotations Will sooh be higher, from the tact that the stock of The been at 50c. id comb- per lb. There is a good id there have been sales of hoice euper- Calitornia has’ been selling at Tie. a 28c, for tall, and 2c. @ 25. per 1b. for spring, ac Lonpon Moxxy MArget.—Lonnon, Dec. 10—12:30 P. M.— sols tor money, 9U% a 92; for the sad 925 * sa: ares, 38: a. 8, 37%. M.. eek FD ‘or Rew York 5 P.M Erle Railway shares, 36%; do. prelerred, 08's. “SP Mi Erie Railway shares, 36: Panis Bourse,—LONvon, Dec, 10—2:30 P. M.—Paris des- & ch Rentes, 1c. 10—4 3) P. pe she Danis of midditeg uplands, nothing rand December, do., deliverable January and February, a. lands, 8 de; ; s, including middlings, Of the sales to-day, Dec. ir quarter. 4 Ww w Cumber. Dec. 10— W—Even- “ee if ‘BAZLEY, BROKERS, ee ee an sold on privileges -emvtiased sin. stocl or responsible parties. any address. 74 BROAD. gpininission ; on members, Kxe Kxplanatory circulars mailed to ange 0) B Pacific and other defaulting railroad! miscellaneous Beourlties bought a I city property; bursements. box 4,044 Post omtce. A Ncractcre ns: ness of, sterling character, wish their capital $10,000 to $50,000, oF atspose, of Hay find opportunity 434 applying to BR! & FRAZER, Brokers in Manutacturi ng Stoel at market rates. als may address, with - LOAN, box 4,998 New Yor) ost office. ONEY TO LOAN—UPON FIRST M¢ city Residences and store Property, in erty.—Princij Toonis 18 and §” WITH ESTABLISHED ig to increase ONEY TO LOAN—ON BOND AND MORTGAGE, New York, in sums to suit; also Mortgages cashed BELLAMY BROTHERS, 5}5 Pine street. }PONEY TO LOAN ON NEW YORK CITY PROP. NDS OF ST, JO AND DENVER CITY, NORTHERN nd general ind sold. LitaM WARD, 22 Broad street. HAVE $76,000 (ESTATE FUNDS) TO LOAN IN ONE or more sums (small amounts preferred) on first class No proposition over 50 per cent value ¢ tertained; no bonus expected, only lawycr’s ice and dis- ‘4s only need address EXECUTOR, BUST an enc RuOre 13 Brond st Darticula: ns to'suit. Apply to WARGER S. WILKEY, No. 5 Beekman street, (0 LOAN—SUMS TO SUIT ON | 8 ings in New York or Brooklyn. . P. box 178 Herald office. Ww HAVES FUNDS FOR PURCHAST city proj , Unproved or unimproved. ity property, RD & LE f OLAS and second Mortgages ro) worth $30,000. Hotnovey can be had, G., Herald office. VITT, 54 Wall stree’ N SECOND MORTGAGE, uptown Improved Property’ first mortgage $12,000; dress, stating terms and when SS DWELL- Principals adUress ING GOOD FIRST 40 to loan on first class ~ ON $200 + lastten days haye paid, many of as oraga NO; ,saing a8 low @ can ris Age eX] tory pamphie! ion, PAS? OXPIRLENTING TUMBRID ae and Brokers, $300. ments of $10. Personal Address P. P., box 140: He ‘$300, which he will return in 52 1a office. TO LOAN—ON NEW YORK ¢ pic Dat money y redy. “Xppiy toJOHN LOAN-ON. $85.000. to houses, been i Ag ae seth rigages. cashed, ra ead 1M Broadway, room F, $110,000 % 2°48. IMME DIATELY. only—dwellings or stores, ‘Wail located, is d Boris, Stoc Wrst Montauk Tnsurance Company, 1 BROWN _PHALON & & SLOAN, 31 st Seventeonth stre INVESTMENTS IN WALL STREET THE our custom: it be investad witho Wall street,’ New York. (\{) —IHE ADVERTISER WANTS TO BORROW weekly pay- and high references given. {) TO. $20,000 TO GROAN IMPRO $5 .000 city. Ree IOHN SHIRLEY & SON, 8i Cedar street and 1,968 Thir 108th ITY FIGST i er ‘SixGoB SHARPE, 149 Broadway. — $10,000, 10 proved city Second Mortgages; | Vis, No. Park row. STONE eet; second Dasemient, ON BOND and mortgage, at moderate rates, on first class property PRIVATE _COPARTNERSHIPS. liam Dreyer, Dreyer, is thls day: disvolved by mutual c % 1873, New Yorn, Dev. NOTCH, OF DISSOLUTION. be pay iven that a on by! Bor ah hy mutual to ine maid rm wilt OSKPH W. Jat purpose, Dated December 10, 1873-versey Cita: PAW. Verte TAR COPARTNERSHIP 1 tofore existing between Anton Keopmane « under the firm name of Koop business hereafter mill be eonducted by the unde: LLTAM DREYER, 33 White street — PUBLIC Ds onsen xor R18 heretofore he t the corner ge Ae City, has consent. iaims ‘ad all bpd $06 has MOWNEDy who pagent is, alone een cir ‘Quark IN | $200 00 TO ON CIty Ns! Dwellings or Store property, also on, OF other secuitics,” C.K, 9 “ Ser ey aR Maines © PARTVERS HIPs, THAT Tues FIRM OF MARS & 00. business at pas NOTICE, RSG & New York, doing Ko 2¥ Neve atte of New Yors, has been s ‘New York, Dec. 10, 1873. wntraley N. MARSH. re ‘ear? ‘can, consult Lag Marsh at his room, No. (7 Astor Hos Dr. Marsh wal receive hie batients Agropérastiy? ‘at ‘the Astor ‘1 ladies” atrance, ——— +++ — THE MONETARY SITUATION. mti-Inflationists in Congress and Respons' Echoes on the Stock Ex change—The Canals and the Railroad Share Market—A “Short” failare. Now that Congress has been in sesiow 10 days, and an examination of the financial situation bas supplied a better understanding of the cause which ted to the recent panic, we find the‘sober Second thought of those ‘most potent, gtavé and reveren@ seignors, our very (able) and approved good masters,’’ the members of the Senate, igmor- ing the clamor of the mob to which the House haw listened so patiently of late for more currency‘ flation of the wildest kind, have set themsetves- calmly, thoughtfully and earnestly to applying TBE LESSON OF THE HOUR im the consideration of measures that shall pre- pare the way for the resumption of specie pay- ments The street was exercised yesterday over the telegraph announcement from Washington’ that Mr. Sherman; from the Finance Committee, reported a resolution dectaring that it ts the duty of Congress during the present session to adopt measures to strengthen the public credit, and dt- recting said committee to report wt an early day & bill providing for the issue of currency at alt times redeemable in gold or its equivalent; alse that Mr. Bayard (democrat), of Delaware, presented the views of the minority of the committee, dtrect- ing the Fimance Committee ‘to report measurea atanearly day for the return to specie payments; both resolutions, after some’ debate, being made ' the order for Monday next, It was turther learned that Mr. Hamilton (democrat), of Maryland, had submitted. an amendment to-the constitution of the United States declaring tuat the United Statea should make NOTHING BUD GOLD AND SILVER COIN A LEGAL TENDER for.the payment of public or private debte, The elect of this pronounced at a branch to in- flation on the part of so important a branch of ti great national.legisiative body as the Senate nance Committee was visible ina sharp react in prices in the stock market, which, even rampant during the earlier portion of "the day, went of at the close. Senator Ferry’s bill authorizing the Secretary ofthe Treasury to issue the $44,000,000 re- serve tund and make it part of the permanent ctr- culation was powerless to stem the tide of ree action which seemed to have set in whem THR SHADOW OF SPECIE RESUMPTION was flung across the floor of the Exchange by the previous Washington despatches, operators ~ pearing to be ignorant of the fact that Mr. Ric ardson’s coin balance yesterday showed & de- ficiency of over $2,250,000, as compared with hia coin liabilities. While carrying forward the account to January 1, 1874, with estimated receipts ant epee the deficiemcy will be ee $16,000,000. ere 18 certainly an excellent prospect of early re- sumption! In this connection it is worth while to call uttention to the fact that, in the exhibit of the ‘Treasury resources and liabilities published under tus head in the HERALD of Wednesday, A TRIFLING ERROR occurred, in crediting the department twice with the interest payments since December 1, amount- ing to $641,000, Correcting this error will make the deficienc; Clee 1, 1374, calculated as above explained, 15,807,541, instead Of $16,186,541, aa stated in Wednesday's article. The decline in the stock market yesterday was, no doubt, however, helped to some extent by re- ports respecting the reopening of the canals, and ‘was not wholly the effect of the Washington tele- grams respecting anti-inflation, such @ disposition on the part of Congress, as the result of considera- tion, being already anticipated in well-iniormed circles. The following telegrams, however, carried With them OTHER SIGNIFICANCE, viz., reduced railroad earnings. The first was aent from the Produce Exchange in this city a3 (ollows -— Hon, G. 4. Dartox, Canal Auditor, Albany io fom Canal Audiaw Youn, Dec. 10, 187%. Isit true that water is being let into the eastern dt- vision ot the canal. with a view of bringing the boate in that division ? through that are now il vision! oN BDBOM, President New York Produce Exchange ‘To which the following reply was received :— Ausanr, Dec, 10, 187%. FRANKLIN Epson, President :— Water will be let in the eastern Ci ne aad, if rable, boats can move east eae i. DAYTON, Auditor. Per contra, to the above, an ae paper _ lishes the jollowing gleanings from interested sources :— ‘The attempt to bring the locked in boats throagh the canal is regarded by transportation men and inerchants in this city as a most senseless effort. It seems to be he- jieved among these persons that Commissioner Barclay Was compelied ta this step by the clamoring of the papers ot Western New York. agh the boats might have been brought througn if if efforts had been im at the first symptoms of the thaw, the attempt now 1 regarded as worse than useless. All the boats are in th division, Which extends westward to tant 135 miles trom Albany. nearly a week to reach the Hudson River, and stream would have to be encountered. It will take Ave weeks to reach the city, and weather like that ot wday will only keep the stream tree of ice. A SMALL FAILURE was announced at the early session of the Kx- change—viz., of R. T. Herrick & Co., of No. 41 New street, This concern was “short” o! {he market on Lake Shore, New York Central, Western Union and other Vanderbilt specialties, and was caught by the recent upward turn. The amount of their iabilities 1s not stated, but the firm say their loaw is small and that they expeet to resume shortiy, BEAL ESTATE. The market for real estate was quiet yesterday, and but one public sale of real estate was made at the Exchange Salesroom, that being by James M. Miller, by order of the Supreme Conrt, in forecio- sure of the house and lot, 24x96, on the south side of Thirty-eignth street, 225.2 feet west of Firat avenue. The sale was made merely for the purpose of perfectiug the title, and John McClave, one of the parties in interest, purchased the property for $1,500, ABAN. DONING A CORPSE. About half-past five o’clock on Tuesday eveniag, an unknown woman, some 27 years of age, with black hair in carls and wearing @ black dress, has and waterproof cloak, lett the house, No. 22 North Moore street, where she had engaged board the day previous, and, after her disappearance, the re~ mains of arecently born male child were found in the bedroom. ‘Ine corpse was subsequently takem to the Filth precinct station house and afterwards, to the Morgue, where Coroner Kessier Will hold aa inquest. Captain Petty, of the Fifth preciact, ts making efforts to find the mysterious woman who so heartlessly abandoned her child. KINGS COUNTY ~ PENITENTIARY IMPROVE- MENTS, At an investigation of the alleged frauds in the Penitentiary improvements yesterday it appeared. that Abraham Allen, a mason, hac pat in a bona Jide bid for the Penitentiary workshop at $39,000, which is much less than the amount paid the suc- cessful bidder. Further testimony was taken aa to the value of the work in the improvements, the being a great diversity of opinion, upon that, sub- ‘The commitéee then adjourn Ject. LL WELCOME —SINGING, PRAYERS AND Ex. } perlences every Thurs Shey egggung and su a O'clock, at BB. “iowa ex house, Tilireyatsth street. RD—A MEDIUM SIZE SEAL SKIN LADYS,// . iNgood order. Addrass, with lowest price, it be sheap, CASH, box 14 Herakd office. NTE cD TO BUY—-A WELL ESTABLISHED BE. pane dare paatgnvoriecd of Eo Newel Hallin Brod lyn, te, box ty York Post oftte J ANTED, TO PURCH Ask —SOME SECOND HAND! Steams Pipe for warming @ larze coo! alga A amalk Engine: also a Jacket Kettie. Address BNGINB, Dox ab Herald ofte. ceaeok to cyan STALTY. SRCOND HAND ” BILLIARD TA ARE ry several Gxferont manwiacturers, early new / bk prea ‘sac’ ae for cual, gemat Gime an eve e: th Doe bane, cl eal " bevel Te bi uk arate boa Masry aie ' —A LARGE ASSORTMENT OF NEW AND D SECONDS + hand Billard Tables constasty. 08, oe at GLO. A BE. PABLAN'S, No. 7 Barclay street, NE OR TWO GABROM BILLIARD TABLES: ( wanted.—Aldress BLLLLARDS, lock box 606 Trem: ton, ». J., stating: onl hic size, muake and age. i STAUPANT FRANCAIS, streey, between iverstiy sco ue nm Rit ave b New Yous: —Table @'hot ee Citas. 5 c Qua Bea momially iG dosires a q man 2 mei ‘is tng sous i Sa dinnery $1 2.