The New York Herald Newspaper, January 7, 1874, Page 9

{Peaed upon tie Treasury ‘the duty or proviamg fir the redemption o/ an equal amount of the three (per cent certificates. The certain, though pros- (pective, decrease in the revenues, both coin and urremcy, made it my duty to re- werve & sum sufficient to enable the Aepartment to comply with this law.” Here isa ‘department of the government which, according ‘to the present Secretary, has always held thas it baa & “reserve” of some $44,000,000, explaining Mo the representatives of the people why for the ‘past five months it haa carried so large a balance ‘of funds on hand in the face of daily complaints \from the people—£ 4, Wall street—that by 80 doing 1t was making money tight and times hard. That explanation was (“to enable the department to comply with this law”) really made to the people, although done in a report to Congress, and ‘was in reply to the complaints which had been made in the public press during the whole autumn. the reports of December, 1871, Secretary Bout- vel 18 silent upon the subject; but Mr. Comptroller ‘Hulbard, in lis report to the Secretary, comes to ‘the front, and in writing upon the subject of specie ‘payments says:—''So prevalent was this view of sthe case at one time that in 1866 Congress, in “obedience to what was regarded as A SOUND AND CORBECT PRINCIPLE ‘Of political economy, provided by law for a gradual ‘withdrawal and ‘cancellation’ of United States notes, &c. * * * TO the people this stringency seemed to be produced by the contraction, though it is now evident that other causes conspired to aid and produce the result, * * * This opinion had ail the force of conviction in the public ‘mind, and found.ita appropriate expression in an act of Congress which became law in February, 1868, prohibiting any further reduction of the cur- rency; andeo the matter now stands.” Further on, in the same paper. he urges the policy of the “repeal” of the act of 1868—the act suspending further retiring and cancelling of United States Motes. There ts no evidence yet that the depart. mént “held” that “reserve”? meant cancellation, and, it Was not until October, 1872, just prior to the October elections, that the public received their education upon this point, and the country ‘was startled to learn that the Secretary claimed ‘he power to issne and to retire, as in his judgment aight seem good, any portion or ali of the sum of $44,000,000, The object of the issue thus made, ‘whatever if may have been, itis supposed was Speedily accomplished, for by the New Year it had all been withdrawn again. Here, in October, 1872, ‘therefore, is the first evidence ever made publio that the ‘department’ held that the law: authorizing the issue of $400,000,000 of Jegal tenders—notwithstanding tne law of 1866 provided for the “retiring and cancelling” of a portion of them—was ‘in full force.” It is clear, ‘then, that’ the department had not “anuiformly”? held to such an opinion, It is equallyclear that Secretary Boutwell'did nut bold such an opinion ‘when he wrote his reports of 1869 and 1870, and it 4s almost certain that ° MB, BOUTWRLL'S COMPTROLLER OF THE CURRENCY did not so hold in 1871. ‘Now, when did this new light (some six years alter the retiring and can- celling law had passed), this new inspiration, come to the: ‘department ?”” if it is to. be charged by the people to a political inspiration the “department” is at fault for having so long. kept them in ignorance as to the law. Aud now wecome to the first public document in which it was ever intimated that the department entertained the doctrine which Mr. Richardson says it had ‘uniformly held’—Secre- tary Boutwell’s report of December, 1872. Space avill not allow as to quote it, but the Secretary ap- proaches. the subject without a reference to his action in October and with an ingenuity worthy of & vetter cause, SPECIAL ATTENTION IS INVITED to what he saya upon,the subject and a compari- son with what is quoted from his statements in, 1870, Whether the Secretary is right or wrong in the assumption of this power, the short experi- ence we nave bad of its operation has taught the lesson that Buch power ought not to rest in the executive departments of the government. Cer. tain it is that the action of October, 1872, in the issue of some $10,000,000 “reserve,” added im- mensely to the misiortunes of September, 1873. It encouraged a recklessness 1n speculations, based pon assured help from the Treasury in case of trouble, which did and must have proved delusive. Yet, now again the Secretary—and this time under plea of necessity—is sowing tne seeds for a second harvest of disaster, which he will be unable to tem. The people look for safety to Congress, and inaction will not save this body irom responsibility, for with Congress alone rests the ability to call to account any officer of the government who either assumes power or fails in aby manner, through neglect-or incapacity, to fulfill his duties, The cry for inflation comes alone from the speculator and debtor, not from the solid menof the country nor from those who earn their bread by the sweat of their brows. “THE STOCK MARKET to-day maintained much greater firmness than might have been expected under the circum. stances. Bad weather deterred many operators from coming to the street, and there was an ex- bibition of a purpose on the part of a few to sell the market “short.” No evidence of permanent ‘weakuess cate to the surface, however, and, not- withstanding a decline here and there recorded of one per cent and its iractlons, vhe confident under- tone of the market was apparently upaffectea and the predictions as to a further rise were in no wise abated, The chauges of prices during the day were not great, and the one word “steady’’ would per- haps most fairly describe the situation. The open- ing, while somewhat weak, was followed by an ad- vance, of which Pacific Mail, Colambus, Ohicago and Indiana Central, Northwestern (common), Western Union, Lake Shore, Union Pacific and Rock Island enjoyed the benefit. Later some of the improvement was lost—not enough however, to make a noteworthy feature as indl- cating anearly or @ serious decline. Among the incidents of the Stock Board was the sale of 10,000 shares of New Jersey Southern, “under the ruie,'” at6, which had been purchased, as is claimed by one of the parties to the transaction, “in a joke,’? ato The statement is that the buyer agreed'to take the stock “by tne bushel,” but when it was seriously tendered Scriptarally “hid his candie” under the aforesaid bushel. Hence a propabie ar- bitration. As the little joke, so far, bas cost sonie $30,000, it is likely to be an example to others ‘whose hilarity occasionally runs away with their PRODENOE OF EXPRESSION. Western Union opened at 76%, sold up to 7634 and fell off to 75%. Rock Island moved from 104 to 104% and dropped to 108}. New York Central sold Detween 100% @ 100%. St. Paul (common) was frm at 45% @ 45% @ 45%. Pacific Matl ranged from 42 to 41%, sdvancing at the last to 41%. Lake Shore sold at 814 @ 814 @ 80% @ 81; ‘Hannibal and St, Joseph at 80 & 2034 @ 29% @ 30 a 29%; preferred at 89% a 89%; Northwestern (common) At 60% @ 60X a 60; preferred closed at 72%. Union Paciflo sold at 30% a 31% & 30% #31 Wabash Gropped trom 68% @ 683, to 52%, O., 0. and LO, moved from 29% to 295;., Ohio and Mississippi sold at 32 8 82% 0 81% @ 32; Delaware, Lackawanna and Western at 99% 999 99%; Harlem at 119; Panama at 110, ex dividend. Among the improve- ‘ments introduced im the street are the reports fur- nished by the Gold and Stock Telegraph Company of Washington time. This Axes the moment of all deliveries beyond peradventure. The system, how- ever, of reporting miscellaneous news through a medium that should be confined to business quota. tions provokes no favorable comment. HIGHEST AND LOWBST PRICES. ‘The following table shows the opening, highest -and lowest prices of the day :. Dalene we Openia Lowest. N.Y, Oen. and H.R. stook 6.100% = 10190046 Harlem. ot) 119 ne 41% 41% 8156 80% bas! 53% 2 Northwestern . 60 0. Northwestern preterred,.... ed 13 12% Rock Island. 1045 = 10336 Milwaukee and St. Paul 45% 4555 Milwaukee and St. Paul Brek fe m1 1036 ‘Ohio and Mississippi. 32% LG New Jersey Central ‘ 1 oo 09%6 9956 New versey Southe The cor4 6 Union Paeiiic. .. 30% 81 30% 0, Land 1 © ae 20 2056 Pilteburg.. 86; 85 86; Western Union 16% 16 15: Paciic Mail,... aK 42) 4k THR MONEY MARKET. Money on call was easy at the cloga nn the basis NEW YORK HERALD, WEDNESDAY, JANUARY 7, 1874.—TRIPLE ' SHEET. of five and sixp*r cent. grices for commercial paper are substantially unchanged, The loan cer- tificates of the banks outstanding remain at $560,000, Foreign exchange closed dull and weak at 4.82 for prime bankers’ 60 days’ sterling and 4.86 for demand, adic ‘was unsteady, moving from 111% down to 111, re- covering to the opening figure, and then dropping to 111, with the close at 111. The rates paid for carrying ranged from 1-32 to 6 per cent, the intter having been the final rate. OPERATIONS OF THE GOLD EXCHANGE BANK TO-DAY. Gold balances. $1,251,945 Qurrency balances. 2,581,548 80,082,000 Gross clearances, OLEARING HOUSE STATEMENT, Currency cls ars oad Goldexdna THE UNITED STATES TREASURY. The legal tenders outstanding to-day are $579,089,000, an increase of $77,298 atnce yesteMay. ‘The tota! disbursements on account of January in- terest to date are $8,840,000, The Assistant Treas Urer paid out to-day $643,000 on account of interest and $636,000 in redemption of 5-20 bonds, The cus- tom receipts to-day were $364,000. The Treasury bal- ances are:—Currency, $2,748,000; coin, $83,330,600 ; Certificates, $39,100,000, PRODUCE EXPORTS, The produce exports for the week were $4,908,685. GOVERNMENT BONDS, Government bonds closed firm, with more ac- tivity in the latest dealings. United States sixes, 1881, registered, 115% & 116; do. do., coupon, 117 a V11}¢; do. five-twenties, registered, 1125; do, do., 1862, coupon, 118% @ 113%; do. do., 1864, regis. tered, 11334; do. do., do., coupon, 114; do. do., 1865, Tegistered, 11434; do. do., do., coupon, 115% & 11534; do, do., do., new, registered, 1143; do. do., do., coupon, new, 1153 & 11534; do. do., 1867, regis- tered, 115% & 116; do. do., do,, coupon, 116% & 116% ; do. do., 1868, coupon, 11534; do. ten-forties, registered, 112 a 112% ; do. do., coupon, 112% a 1133 fives, 1881, coupon, 111% ; six per cent Pacific Rall- Toad bonds, 113 a 11334. SOUTHERN SECURITIES continue dull The sales at the Board amounted to only $13,000. Missouri sixes brought 9144, and Tennessee, old, 80, The latest bids were as fol- 10wé :—Missour! sixes, 9134; do. do., Asylum or University, 90; Tennessee sixes, old, 80; do. do., ex-coupon, 60; do, do,, new, 79%; do. do., new, ex- coupon, 60; do. do., new series, 60; Vifginia sixes, deferred, 10; Georgia sevens, new, 83; North Caro- ina sixes, old, January and July, 26:4; do. do., Apriland October, 24; North Carolina tund act, 1866, 17; do. do,, 1868,817; South Oarolina sixes, January and July, 8; South Carolina fund act, 1866, 12%; Arkansas sixes, fand, 80; Arkansas sevens, Little Rock and Fort Smith tssue, 15; do. do., Mem- phis and Littie Rock, 15; do. do., Little Rock,’P. B. and New Orleans, 15; 1o., Mississippi, Onto and Red River, 15; do. do., Arkansas ‘Central Rail- Toad, 15. RAILROAD BONDS, An active trade was reported in railroad bonds, the market having been firm in tone. The princi- pal dealings were in Union Paciflo firsts, which sold at 83%. a 83%. Chicago and Northwestern consolidated gold bonds were in good request, and brought 85, Sales of Chicago and Northwest were made at 893g; do. firsts at 100%, and Alton and Terre Haute income at 75. Central Pacitics were firm at 933. The following were the latest bids:— New york Cen @s, 83.. Bi New York Cen 6's, 'S7. Erie Ist m ex... Bet itr ve Re aan Tol & Wab Ist pay LD te rise b 2d Ths, seseee BOE went ab cauip.t bds.. Jn Pac RR7’s, gia. by Mo. Bs Cen Pac Fs Union Pae | Mil 1 & So L S Mi Au & TH Ist. Mi Alt @ TH 24m 7 Mil North Mo Ist m. gl Mit Chic & NW Mu Chic & NW Mil Ohie ah We Mil chic &NW Col, nic & NW Col, Towa Mid 1st m Tol, Han & + 1Jol Cedar Ban ast J 3s. conv .. Bur. Dele Lack & W lat 3.100% THE FOREIGN MARKET. Late cable despatches state that the rate of dis- count in the open market for three months bills 1s 3% per cent, which ia % per cent below the Bank of England rate. Consols for money, 92 @ 92 1-16; do, for account, 924, a 92%; five-twenty bonds of 1865, 01d, 10634 & 106% ; do., 1867, 1074 @ 107%; ten- forty bonds, 10194; new fives, 103% a 103%; Erie Railway shares, 43% a 4334; New York Central shares, 923g @ 92%. American securities barely steady. Prices in Amsterdam were as follows:— Central Pacific, first mortgage bonds, 81%; Union Pacific, first mortgages, 724; Union Pacific stock, 27; Northwest, preferred, 63% ; St. Paul, preferred, 60%; Erte, 4136. MEMORANDA. ‘The following are the earnings of the Uhicago and Northwestern Railway :— $859,779 1,019,501 $159,721 Total IMcrease.......sesseesseseseeses June 1 to December 31 (seven months) SALES AT THE NEW YORK STOCK EXOHANGE, Tuesday, Je Jan. 6—10 A. M., Before Cal). 800 shs West Un Tel.. 76% 100shs Hané 8tJoRR 2 ing 30) Han & St Jo RE pr. 400 a 76 100 Mil 4 st PBR pt... 20 75) ano do... va lw 15: i do. rt & z y 700 ©) Bs re 2 200 100 100 20 100 300 1600 60 oo wo 0 ‘00 30 900 100%q 700 in &SteP iq ino St He te! 433, 400. 303 100 4554 1900 EN 100 4556 700 100 45%¢ 2000 10 4536 300 80! 200 455% 00 Bi 3 wo. di oe wT Bs 100 Pac Mail a 63! a ir, 3 Ets iio ag Do 5S. 400 41% 300 Big 100 41% 60 58 600 ayy 100 id 300 4154 400 38 100 41 200 53 1400 fg 30 32 g 413% 100 31% 413g 300 1 400 418] 100 1 100 4h * $2) 10 41} 100 BS OLS & M8) Bisg 100 Sa 300 Bi 100 2. in 4 Fi i 100 0 200 0 Et 29) 8 wo {ovo ‘pou US 6 30.00 eile £88 Eatekts ie NEEREREL tia Se 30 Che: DNs 9 4 Chi or a Fs 3 : 300 oi 10L0 North Mo Istm... 82 100 6) 12000 Am Dk & Pe: T's. 20 6 100u Bell Bo Til Istbe 73° cy 3 3 i ts & i 5) 100 © an 8: i re Fit lL & . 2) Bete bof 'o! ESunBESZEE RRR a 14} 10 W. ¥ BONY 2: 2 29) 100 29 100 400 200 100 100 20, 30 Lou Ou . 212130 P. M.—Bofore Call. 1100 shs Pac MSSCobS 42 1200 shsLS&MSRR., a 1u00 do. 709 700 1300 1300 Ww 600 100 800 TH BEE! ESESEE 3 SESESEESE SEuS Ren ES. EEELEPELLESTESE SESeSeesceey $10000 US: 5400 U! nT 0 dou Ui 3000 WO Us 5 dit 40.0 US 10-40, ¢ 500 Ua 620, rN i nm. 115} 6.00 US 5s, F, "81... G0 Us 5-2, F, 67... 115} Second Bokrd—1 P. M. $10000 Va 6's, con....s8 60 _10ehs Mich Cen RRbc 81, Os newJed 16 1004 # Pitts, guar... Sine Sisson my 10 obi 4 it oe Be io 3 ESSSESSEESESSESSSSS ERE 5ent oma's WRRpt.. 2% OLOSING PRIOES—3 O'OLOOK P. M. Se) 81 Union Pocwis:: ie S16 COMMERCIAL REPORT. Prmstoatinys eres wewer’ Cotton in Demand—Flour Firmer—Wheat Firm—Corn Firm—Oats Easy--Pork and Lard Firmer=Groceries ¥irm= Petroleum Quiet and Steady—Spirits Turpentine Firm—Rosin Dull~EKast India Goods Quict—Metals Quict— Freights Easy—Wool Firm—Whiskey Decidedly Higher. TURSDAY, Jan. 6—6 P, M. The markets were generally frm under a fair demand, and in some cases prices were a trifie dearer. On ’Change four was stronger and tn fair request, Wheat was strong, but closed quiet, without change in prices. Corn was quiet, but firm. Oats were in limited request and easier. Whiskey was excited and decidedly higher. Pork was firmer and in fair demand. Lard was also firm and fairly active, Cotton was in good de- Mand for lots on the spot, and quotations were un- changed, For forward delivery business was light at ssc. per Ib. aavance. Groceries met with a fair inquiry, and the market was firm. Petroleam was quiet, but steady, Naval stores quiet. Metals were quiet, but the market firm. Freights were easy. Wool met with a fair inquiry, and the market was firm. Asuzs —Receipts for the past three days, 97 packages. ‘The market continued quiet. Small lots of pots were placed at 6X0. per ib. Butuparg Materiats.—There has been a very light business done in brick since our last, but values were ‘not materially changed. We append our former quota- tlons as follows:—Pale, $4.0 $4 26 per M.; Jersey, $b 50 $7; up river, $6 25 a $7 25; Haverstraw Bay, $7 5 a $8 25; Croton, fronts, brown, $14 a $15, dark, red, $16 a $17; Phitadelphia, $25 50 a $30 50; $50 a $53, Lots delivered were quoted thus:—Paic, $6 a ‘$6 25, Jersey, $3 50a $); up river, $8 26.4 $9 25; Haver. straw Bay, $9 2 a $10 25; Croton, $17 a $18 for brown $18 & $19 for dark; $19 a $20 for red: Phifadeluhia, $33 50 8 $37 50. Limesold moderately, and was quoted steady | at $1 10 for Rockland common and $1 75 od do lump. | Ooment was as in limited Feauest oad aloes. ws uoted $1.75) Portinud, $8 30a Fy Fa "Pathe nist with a as stead demand, and were cone? ae gerbe ottlor a int cod Ea a mi inate heed r easier, As To3go. a Ific0.; do. bol all be ee 3 ie tarred do, bolt rue 18 al aie i26C. Canpia “met with figures current, continued strong {i eee ifue cite alast ‘ong {01 jescr: note a sale 0) ly ex Christin ‘to arrive. from gr a nepar Wm." Beo' and Santos nostra follows : re 1a Cet Oston, charleston itr Flea! Galveston, singe Corron.—The market for spot cotton was generally Bava- +] the supply fair. without soli The sales below reported embrace ® line of about ( strictly good ordinary and low mniddling, al dae halt to arrive, sold for spinning pur- poses, piFuculars of which we were unable to uscer ain. 1754 173 Vy —The quotations are based on fon ‘in store vaste m quality not more ivy halt a above or below the grade eer * he sales were p Last Bolg, Total. 72a 36345 ‘100 "100 2,974 sito Anrive. For fu- ture debvery. (oasis low middling) the sales have been after three o'clock January, ay follows: —Last evenin 8.0 at 15 Ld. Hic: Ke prUaey, 15.13-16¢,, 100 at 15940. eutte nt Ig 2pesi0, sare 10 rar) $160. Sea aad ait sete ae ene ether; al 60. Total,, teed P. ii. .Tyanuary, 100 af Is se ie Od at a We 16 Lab Ste. 900 0 at Lii60, ya wiglase 100° KC. + Pe pe Ly ae % 16: e, ooo at is 13-160. Muy, 1100’ at rote S6e,, ie cs June, 200'at xe. Total, 1 ps bales Grand bales. Rates ou cotton to tore! orte were follows :—To lavre. by steain, 1g. ; by = de. 'y Ham jurg, by steam, 534 marks per 100 ad i to Te. jby sails 1340, by steam, 1 Yo Bremen, a. Lee. To'Livetpook by steam, 34 oad. by salt, nominal ‘he receipts at the ports were veston, 3,283 bales; New Orleans, | 848); Mobile, Latte 293 Fone ba ‘Wilmingion, 211; 'Noriolk, 1,087; 1,40 This day last wee ae Oeris dng last vous 2, io et oun, ARB” GuAinKeccipis lent) 20101 pe corn, ase 100. ‘busheles The fobrimarket ral led stronver (0 ; inate ie about 19,000 Dbis., embracing ait kind and Tushadita 2808 by for February at $: 7 25. bbls, extra state Corn meal continued in moderate request aa fitn. Dbls at $4 26 tor Jersey The sales were about 500 $4 ch for Brandywine, ito aero ean en len ei $50 gee td Swramriaesdaas]e 2 amen Boanar Southern, No. Southern, superfine. Southern, extra ithern, faimil; Corn meal, Westie! Corn meal, Jerse, rene Corn meal, Brandywine. Calorie. Punche —Wheat 2 Chics a UGE Spe ge SSESKESISEZ CESTSSTRASRESS 5 SSESSRSRSS SSRASSSSRRSES 0 and $1 6 for No. 2 Milwaukee. ‘the sales ee Uushels rhe heas 55a $l 56 for oa spring, 3 a gl Corn Rood demna: firm. ‘The sles agure- gate ¢ about Tes, 000 bushels at Ste. a 85}¢0. tor Tew and old xed afloat, Bbc. a 89340, lor prime old Mn store, 780. 8 it, G2. 10" Slate nLsed adont, Si. @ Sta. for good to Western mixed adost, closing frm. aud im tmoderate redua, fice’ 18:800 bushels ae $l 113 for State In store ind $1 80 for prime Canada, Rye was Tiogieeted; held at $1'GS a $108 for State’ an ‘Penne seylvani yp aigurs.—Business in berth freights has been moder. ate foday. ends rates in some instanves tavored the sn! pers e chartering lines there was comparative! ty ittle accomplished. Tontage was in good, aupply, but im light re ee except at easier ri ‘The engage- ments include :—To Liverpool, by steai ushels of wheat at l23¢d. bales eo ee, at ¢0., as it runs; 100 Tha of tobacco at deny Su0 bois Dork at Ga 1,500 boxes of bacon at 458, a 80s, 2,200 boxes of cheese at 50s. bags of clover seed at 40s.,,20 tons of leather at 7a. ; and, by sail, 700 bbls. of flour to. ‘fll at 3a Hs a. To London, by 0 ble ot cottandee: “puns 2 of ein, oe Cork tor orders, to ime United kin ca, apart rain at 8s.: @ British brig, hence este or enice, 000 bb's, of rosin at = a waa jan bark, hence a Hamburg, 3,100 bbls. of f petroleum it 6s. le @ Germ: bark trom Fhuladerpnia ee hore iu ‘the United Kingdom, 2,600 bbls. of refined di a bark, ‘ina abroad, hence to ae ad roo bits: of” redlned do. on private terms. Several vessels were said to have been chartered to arrive, the particulars of which we were unable to learn. he market as port, Dap it and prices are GUNNIES, auee easier since our jas! pitied perio quoted at for light; Cal- dc. for heavy averages at ilgc. %c.; bags Were nominal at bts a i3}ec,. toy Jute.—The market for hemp was inactive, but vs Jere Rot essentially changed. Mania quoted atvige., gold, and nom: taaily at Tixe., Soca was aulet, but ‘quoted. steady at jute butts were in good demand and ees we ‘were re. Ported since ouF last of 1,200 balos at2 ites ‘currency, short time, Har anv Straw.—The demand has been moderate and Prices were not materially changed, het a pepe en A hay, $26 a $23 hal eet B Asst ton; shipping, $20 per ton; common, font sR" Lesddiepiry irery i yertreey short do.. one tr de continued slow and unimportant. Prices “were not perenne. onan ed. Wi * weste r growth. "72, 160. 8, 800; ron Ts, & 450.5 pevarian a me ore eaPiah’ crop 74 26, S70. Be ‘Leatier.—Medinm Hoayy, ey ot heintock sole were in good request a fall prices, but light Areighta | were peace We eae lemlock—Buenos Ayres—Liy ht, 7 5 odd ee & 30c. 5 a a 4ic.; lignt crop, 360. a b7c.; heavy crop, 36c. 8 Ligh Sra Ste. ‘a S8e. ;middie and over crop. 360. & 363gc. 5 Peres fe. ee ies CRETANGT, MoLasexs.—T! lemand has been fair sf, domestic, and values were nog noticeably changed. The in pe foot up is. of New Orleans at from 68. a reign grades were not dealt in to any noticeable ex- tent, Dut (eae Market was, rn > moog oto; Cuba, centrifugal” ana Oy q eiayed, 2x i Hie. } do muscovado reaming, 20. 2260, ocery, 60" 86c,; Porto Ri a bic. eens peaon 4 it a Be. New vee & Wee, ola, crop. New crop, 2 Yée. New Orleans, #TaLs.—There has been com! little doiny varatively copper since our last, but the ‘market continued a The sales sre said to aggregate al 100,000 Iba. of lake us . At the cl close. quoted at 24 c. & cash, and qsselivery up to the middie the Sooten ig ain a aren wish | Boe remained rtbn take in iden for Ee te arp cola, pr yt, i gold, for 8 hots mzes. Tin has been tially changed; quote ie ean 8 23c., gold, Jor Stratte; ee fle, for kng- + do, tor retined lo, Places—$10 34. e810 sie id, fort OF har 50 for I. C. Soke} 88 ae 8 $10 for charcoal terue’ $6 Ean 68 25 tor 01 N. i Brome ~The names tor Hf th Fore uate sendy, a je Toei and New York bl at digo. a Ae, | Rosin was sind a a Jor, fine grades, ed quote tion gore. We heard of a sal or $2 Tar neglected ai of io at $2 75 tor ‘ashington and for Wilma! ton. Pitch was in Nght request and 11.8.—Linseed met rices were steady ; quo rm was but gfude, $1 70 ba wi arihern, Sh 8 Yon for Souther jorthern, lor and 6c. a 70c. for he oa) and firm at dlc. 58) py ‘820, for winter cottonseed held at 4c. Perroneom.—On amas —<S the market Pr, continued inactive ina uted a eiaee tor or balance of ve ow! wns £0 06 holders, rs. wh No demanded te eres le Was quoted ean at 10. a smoderal re dnguiry, ‘and Were quoted ste: fat remained nine eum len Lit 1 255 Bowevile eal con sh a $l San we heard of sales le gis iow Yor! bola. of high test for prompt delivery at ie, ‘and 20 Ubi eof ao a earl) galiver) at ty 79 igrimove Be or BT cat, meats 2 $29 4.5 Hard, $00 Wis. aud 758 kegs. market for mess pork was oor be ft salen ‘380 bbls, uning "eX ies on the na bbls, for February at $i 5 A for. pas AL d6 i ‘20 bbis. for April at na See dbis. of prime meas, ected, 7 $15. Guan, 18 bbis. of do. i rivawe ters bb! Sree i inspected mess ‘for january at 31: 280 bbis. of do. for February at $15 25. Bacon was firmer and in fair demand; we heard of sales et cvoning 110) bodes ato Fd Western long clear. spot, ish cuts on of i boxes of for January ashterg an tert Sige. end today uy 3 Bi ts es of elty long’ clear at oe and short ciear wt ged.” Jobu feet Te ote ‘amount of 0 were placed at for plata mess, a $21 for 2 10 vate terme the. sai nyo ‘houmore nt Tat 00 ej A Go, 10.9 13 bs Da 12 Ibs. ms, led sides al 5 500 green ; 90,00 Ibs. of pickleu bel- 009 Ibe. L do. HH ibs for Ot at 93gc. 5 tiences. fordonat sary, 5-160. + ‘ t Heroes i re Rig cr; aah ticroes, 7-160 Bey) ae Bi sate eee: Mes ot Ni tee Tatige a Dreged hogs, were 4 at, Bea range of ety and 63¢. a To. for W Rick.—the mark forely coutinued quiet, but firm, for both domestic and foreign. r f We peas ot sales of 20 tier- ces of Carolina at Pe and small aay of ee ae a of if rangoow at 7c. 0. w Tigo} 180 240 Louisiana at from 6%c. (1 Sugar.—the inquiry for ier ar has as fair and the market quoted sendy op ais of 7%. & Bc. tor fair to good ret hea of ning. muscova ade. U pe irene. including 200 tair refini it Tic. i 316 good fo. at bo. and 504 of centritugal at sec. Redned was not His changed in value and only moderate age :—Cuba—Refiming, int sarlo€ 10 COmInaD Sec. & tee! Mate good tatr, ic: © ood to prime, Seok grocery, fair wo 'g ese to nee Bie, al ‘centi Minuet wide Rnd boxes, Ie. & 8%. inesen, an dé. and boxes, 6c. a 7c.; melado. oa a 54g. Geet to te tink Dutch genre Nos. 7 10 9, 6c. is iy WD oe oa . SAC. & BHC. 5 LO. to oie. au le, 9c. OM 7 Resining, common to prime, Oc grocery, fair to ining Bie, ime: eva Paes fra, Nok 8 tots, c.\ JavaDuich standard, Ties tise “Manta Superior aud extra inseed was fnactive, but steadily held at Ronee on prices, it Timothy was inactive and nominal. at Glover met with » better demand ch tle bi dee the sales to-day, foot up, about 1,100 Page att Cry ened market was dull Prime quoted nom- Ly a Fatcom the ‘market ruled steady, under a falr do; mand, les of 75,000 "bbls. of prime, at THe. :35 ich 8 Ton ‘and bu tharos oreamenem aris —Bince our last there has been a tair busine consummated values not essenti chauyed, ‘the sales include 1). cases of Comnecticuy, crop Is70, at ae. 0 9, per Ib. SY cases of sundrics. crop Ito eases of Conneticut, GOD. 18 Drivhes et 37 30 cases of State, cro} on paiva terms; J 986 cates of blot oro iar he 0 Be. 3 0740, ; cases of Pennsylvania, c! }, 01 vate terms. en- fucky, was steady and sold to the extent of 200 hhds, ai rou O40. & Lc, Forel was quiet; 100 bales of Havana real 7c. a 934c. per 1b, Wisner ciicceine: ode obls.” The market was mod- erately active and decidedly firmer, We heard of sales of 100 bbls, at. 98e., 100 bbls. at Wc. and 160 bbls, at $l, Closing with holdets asking the higher vrices. Wool.—There hns beens stoacy fair trade during the past three days, with the market ruling Arun ¥ One Heece quoted at Bio. arie.; XX do at 56c. a 60C. XXX do. at bic. a. 6he, Sales were reported of 5, Of supcr pulled at 47g. + BO Ibe 9 0 bales of super \illed at 480, Texas at 190. 0 21 0,5 5000 Ibs of Texas ot tall California, 17 bales of do. do., 226. ; 22,000 Ibs. of do.. 25c. ; 25,00. Goes 26 bales of Oregon. dc.’ ff BE of or vals ba'es o: Cape at from The" or tall Caldfornia 31 bate Ibs: of five scoured Héece ; 8000 Ibs of Oregons extra and super pulled; and 10,000 lbs. of Cape, private terms, DOMESTIC TIO MARKETS Gauvustox, Jan. 6, 1874, Cotton quict and steady, demand mnodstate | ordinary, ISs,c.;_ middling, Net receip! bates. Ex: ‘Por'e-To Great ibritata, In, 1,345 ; Comelweiao, 108, Sales, 1,700. 8, Jan, 6, 1874, ; law, Bee Demand fal iduitne, Woh etton mand fair; mi ins iriet good. ondiaary, 13%. soross. oath, Exports—To Great Britain ps as; the ope int 1.421; to France, 2,443; coastwise, Lb ux 3,000; Inst evening, 4,000, Btock. 277, Monten, Jan. 6, 1874, ita firm ear good demand; middling, 1540.3 low middling, 14340. & Usds0. strict good ordinary, 136.) Net rer ts i ports coastwise, 345.” Sal di Test eventig, 1900.” Stock, 09, Savannan, Jan. 6, Net roceipin LO) bates. 443; constwise, 1,285. Sales, Oxanspaton, Jan. 6, 1874 Cotton firm; middling, 15%4c. Bxports2o the Cou Continent, t Cotton quiet; middling, 15i4e. a Ib}4¢; + low Tanidiag, ues a ise. strict Good ordinary, 1hzo, Net ocelpts, 2 bales. sports ‘ Great = uy sag LOCK, urs, Jan. 6, Cotton apgpaonea: 2 miagins, 6" Receipin ‘ss ie, Shipments, 40. 0, Jan. 6, pis Oswr Flour steady: sales ot 1,700 bola at $8 tor, Now 1 spring. i. 39 for amber winter, $9 5) for while ah and $10 tor double extra. Wheat Lay end read ushels kee club at $1 68 Corn Barley firm sales, 6,00) bushels auneis dor on privato terms 2.00 bu uinte at $1.65, Corn meal, $1 0 for bolted and for unvolted, p per ¢ ittleed unchanged ; anarta $2 af tom shipatul ‘an dita $23 » $14 per Hatiroad hia—Pioar' to Fuiladelonte Get to New York, fics; to Albany, due. Sh ite impress vt tne last Whours Flour, rg da ‘ast, ons bushels; corn, 85.516 do. ts! Gh 60 dost bartey (oistd dos ea} éxports “Wh ‘7.409 bushels; corh, Bae do. ; onts, 49) acoet Barley, 2,400 do. jour quiet; ero ground spring, $78 $7 Hoag bela nag hates ate on ‘private terms; Milwaukee No.'1 orn in light ior Wepara at ot No 3 Oats active ; sales ot W 8c. pee of 400 bushels four-rowed Canad pl Gus hy kL Baris malt steady , Cunada $1 1% a $l 80; West- Sra, $1 Da Rye aeminal ar $i. Suber articles neon RP fairand mare Roe alt at qe signin, Blaker, aa le of extra sprin ng lull an lower; ‘aalen vt Bot 1 sprin, Ate! 3 site es + Bol atgl 18: reject t it "corn cbriary Ne nat Fenie ak ening, glosing quie' and easier; sales of No.2 mix 350. or Janu- 3 5635 5 porte May V0 new do., 3c. & 4, ealec 1e W ye and 1 2 spot, dle. Bebruarg reese ‘A 78c. Pes fo. jed_at $1 42 a # Co No. 2 ring? Pork in fair demand and 15 February, $15 beg earch, 3 Olge. bare be Rod ic. Ns rm ee ray ee heat and 10,000 do. ‘Sariey, Shipments—24,000 ar, i orbs sineas, S002 do. orn, 160 do, oats, Son ae rye and 9,000 do. bario: EUROPEAN MARKETS. Lonpox Mowry Mai London, Jan. 6—12:30 P. M.— United aot bonds, hew fives, 103%. Erie Railway shares, 43: rie pre iain 1 P. M.—Erie Railwa' ghares, 63). —Consols for money, 92 a 92) aa the ercr"s 9% Bae ses Bg ‘ave-twenty nds, 1865, 010, Yor! er a 66200 F M.=Parle de- spaiches quote rentes at eee LIVERPOOL UOTTON MARKRT. 6—6:20 P. ERPOOL, ‘M.—Sales on tho basis Ce ‘mia¢ ditne totais pot in Jow ordinary, ship) mber ai Go. do., shipped January and Febraary, a 84. December 15-A0d. ; “do. do., da, nothing belay low tie shi and January, at 8d. jeg to-day Secrest Balen on, the’ basiniot middling: noianae Botting below ood ordinary, deliverable February and nipped Dee fiber, teas eg.on the basta “of Tmuiddlin u pla omnng’ be we ood ord beers he uary February and March at e1lbd hus i below frie midi ing, de- liverable March market is easier, put not quotably fowers, Sales 12000 bales Ii “sane Bi 2.00) bay Fd for eae ation and Fria i la Ce mi rdinary, deliver- ble Jansen yates do" bo. dow de verable Juauary and February, at ‘RADE AT T ARGENT TS TATOO, Jan. for yarus sad fabrics at Manchester Liverroo! 4 iL BREADSTuRFS MARKET. —Live! rcental Pix fog. for red Western spring. wt. efecetptao or meat fouthe een i Ly 4 Paoriions Peeur oJ 6— GF. M.—Beat, dbntper tieroe for, tiew tm per owt for the best grades of American fine. Lata als, perecwt. Bacon, Your per cwt, for and 384. per cwt tor ed eth Loxpox Propucr ning.— a cakes, £11 a £11 be per te eed, posolati Pek ew for NO. i Duteh standard on the spot nm tien Cumberland cut FINANCIAL, “EAPSLEY & BAZLRY, BROKERS, 74 BROAD. aonont Stock and Gold Privileges; athe Double Priv- 0 took Excha are Ne st beri le part hd and’s sold agai inst t on Rinse, 7 fi mali ye ft aaatl canane te t uli nen sons 0 means to spect Gatiitie risk, Bxplana ato a Dl lanatory circulars Tmalied to any —PUTS AND Pm io, TO See ae ped al IN i. yee sonata 7s it ew method of Tully explained in. 39 pase rage or alled sot address; orders Sepeut ALENTIN] #00... Bankers and Brokers, 39 IDGE Wall sate New York. A wip eae te ie, bene red | EMBARRASSED, wishes t6 4 gentleman who will loan her $500, tor wi wen mortgage will we poy on ture nirare wor ‘and ten cent paid, Address vA Bn, Horalg Opto wn Branch Sthoe i Ti a es et AU hc hat ony = Re AND OHIO BONDS ea AT FULL ‘value for first class MOODY a BACKLIT Biel dns, ASH ON BAKO WILL. As FIR pees Ae or loan 01 01 - . als ‘uly dealt with, har SP ate ce. ey Property bep.t TO LOAN ON NEW YO: city Proper Ged ny Lees rt eagn Now York ana Exookl RNBY, box 310 Jo SALE, Ha 8 AND dy PER CENT Abe, Cans oat. City Sty Rativona Stocks, and other chotce anon and Bonds, paying 1 to 20 per Con at low rales OY BERT H. NICOLAY & 00., No. 45 Pine street, New York, N, B.—Tnyestment Securities otr specialty 22 years Darter Be FIRST ilo tank See OP $12,000 FOR on street, wi 00° adrom Herald office, lyn, worth SEAT IN THE NEW YORK sTOOK price $4750, Address 4, B. ,, box — Herald office. BINANCIAL. penne enrn ma eyed SAVINGS BANK—JANUARY INTER jor 187¢.—The Board of Trustees have ordered in- lereet to be paid x0 deposhiors on wid alter Monday, the 19Uy January, 1874, at ihe rate of 7 i cent per anni on all sams, andags a vrtbe see over oor rate of tor will be 3d {ded as ene LS gy est not peste on or before 10th Toth of Sul wit i at es om ist, Bank open daily from: i A. M, to 2 P.M, ou Mondays, Wednesdays and and PEL ae & Gusset r RTC, J. Hanskx ReoDRs, { Secretaries FUASkEs & Ler 4 he yn pe "1 etd Printn' sind Blocks and g Gin; privileges cos on respons bie firms wie Can'be used in inj thi ipennpicnnay ane pod small ‘caplet wo ? with ‘Tittle Expiaa- ry mailer ys fee 5 hco 7P.M. IGHT, President. reasuret. 12 Walt street, make, dealings in. Gow ernment Banksia a Gold aNealaltoe interest altowes at Stocks bought on comual yn for cash. M aan 8 AND TRADERS’ SAVINGS INSTITU 9,288 Bowery. neat Houst Interest Notes. 8 nn nalnaleidend 9 Of six cent per annum has been declared and will be credited depositors January 1, Ls74, i] jor he 8 mona vce nat nding ‘Deoembet not with 31, payable on and after January 19. Grawn wilt be entitled to Interest’ as Goamat Money deposited uow will draw interes’ fro from January L _Hurny ©, Pisiten, Secretary. “0S 4ES, President, ‘ONEY TO LOAN—ON BOND AND Monta AD City and Westchester County Fi Second Mortgages bought L. M. Me TO LOAN—ON BOND AND oRTOAGE, om city property: also to buy Second Mor only apply 10, WAIRER NB WILKES Nes Bebe ‘eet, rooms 13 and ONEY To LOAN—ON BOND AND MORTQAQK, In different sums; also OP aN to OBIE SS Pi First and Becond Mortgages. ENG) 33 Pine street. ANY PERSON BAviNG $16,000 TO, TO LOAN age Ing an opportu same on trope Worth $0,000 by apply ng HENKE SCHARKEL, corner nm streets, Hoboken, a pragtan SAVINGS BANK, Grand street, berween Atiorney. and Ridge. aNUARY I, 1874. pele aacgh dividend at the rate of six per cent pee annum is this day declared on all sums of $5 or more which have now remained on deposit one, two, ae four, five or six months Amounts of inwrest may oe drawn on or after January 21, but if not drawn they wi be credited to the aaeee ae accounts as deposits, dated January 1. De re porits made before January 2 wi raw interest from Januar, WM. ¥ BUCKMASTER, ‘aoe KR KENNEDY, Secret § vice Presidents. Roserr Hi _Joum u Warn: (FFICE EMPIRE C TY FIRE RE INSURANCE COMPANY, New Yorx, Jan. 2, 1874. Ah, Dee Directors of this Sed et renee have this rnyen a mntemrs! dividend of Ave on denam cent payable on (UNDLEY MURRAY, JR., party TRGINTA AND LOUISIANA PAST DUE COUPON! payable at their respective treasuries collected porn A vnaed also Tennessee past due Bonds into the new tunding bonds, by JON B No. 5 New street. ANTED—$10,00) ON FIRST MORTGAGE FIRST one Cuy Property. Inquire at store 340 Hudsom E HAVE TRUST MONEY TO LOAN ON OITY, Property in sums to suit; also money to purchase First or Second ‘SARS 4 URAVITT, 5 Wall i “ a 01 $400.55 —TH 3ER WILL GIVE $ Boal ioe the use of $400 two months; ei pussecurisy given for the money, Address Mr, Waste TON, Heral Uptown ) Branch ottice, () WANTED, A LOAN OF $8 FOR SIX $500 ‘mouths, for which 1 will pay $10. Address ERCHANT, box 114 Herald Uptown Bratch office. $45, OOO 72,BUX FIRST MORTGAGES ON VAR cant lots of improved propery, within ten days, AL, MORDECAL, No. 5 Pine $89, 00 TO LOAN AND FOR INVESTNENT— In First and Second cgncrewanes op im proved and Recta tg sy real estate, , BARTLES, 56 Wall street. $125.000 TO LOAN-ON REAU ESTATE Of Do, ants city, in, sums of $10,000 and upe wards, a term of ye: ithout bonus." © JOHN re GONREY 162 Broadway, room ® 500.000 te ,LoA% pis LARGE of SMALL, sums, on First Morteages, and | no0@ irst and Second Mortga, oes, bought at highest markee rates. PHALON & SLOAR, 3l East Seventeenth street. COPARTNERSHIPS. Perea ees —THE FIRM OF STERNBERGER | tion and ts hereby dissolved. rs) acaaas place, have the books will liquidate ite affairs. MAYER St LN. R. ADOLPH J. SEASONGOOD. ALBERT N&TTER. Naw Yonx, Jan. 8, 1874. can a xclnng Mir sorlgee me aay oe Se c unde: b 0 i at weseaee WE STCRNBEROLE. berg: AYE ‘New Yorr, Jan. 3, 1874 §«=SIMON STERNBERGER The undersigned will continue the business. of Bankers at No. 61 Exchange place, under the frm or Netior & Ow re BRED NETrRR New Yors, Jan. 3, 1876, R, SLSERT NEPTE! ‘OTICE [8 HEREBY GIVEN THAT THE LIMITED artnership heretofore existing between the under- |, under the firm name of Osborn & ie ras opeineet this day by its own limitation. Mr. 0. J. *, Bankers, Chapin or Mr J. W siorge. has po ‘io. ‘aca iquidation Wanbne J. A OaBORS, ts Boa cuarin, ag eth ral Partners. JAY GOULD, Naw Yorx, Dec. 31, 1873. Special Partner. omer t OF WILLIAM SIMPSON & SONS, i af CSE rect, Er fe Naw YS id 76 geen rk. We have ‘ths day dnaicted 1 copartnership ta tare eiey commission Buniness qaneoin Godtrey,) ol ¢ firm of B. G. Godtre; sete Praiey, late of the firm of Joseph re Lea bi 4 ‘doy of ler william Stmpson, Sons & Co., who are ites sole agents for the sale 0} William aa ast 4 Sons" ‘Tints, Prv.apEira, Jani FFICE OF WM. G. WATSON Broadway, New York, January 1, Rership heretoiore oxisung under G. Watson & Son has this day be consent. nee business of the above gna rit be carriea on ward J. Watson & Co, HE COPARTNERSHIP HERETOFORE a+ & fist under the firm name of Green, Blackwell & Co.—t following bp and the only members interested Rpones (see. rship papers), Al B. Blackwell one-quarter and Harry Lawrence one~ he aaetee yee this day dissolved. the undersigned with- rawing the advertisement in Hers 1874, to the contrar, poe asad i New Yors, Nov. 12, 1373, AnRY LAWRENOR, THE NEWARK FRAUDS IN COURT. Opening of the January Oyer and Ter= miner—Important Charge of Judge Depue. The Essex county Courts were opened for the January term in Newark yesterday. This promises to be the most important term held for many years, not alone on account of the stirring up of city oMicials, which is certain to take place, but because of other matters of great general in- terest which will come before it. After the Grand Jury, the selection of which gives general satie- faction, had been sworn in, the presiding member of the Court, Judge Depue, delivered an important. charge, in which he drew the attention of the Grand Jury to the Nate murder, the killing of a chil@ by alleged reckless driving, the aeath of a man tm Belleville through having been supplied too freely "with liquor and then being thrust from a saloon, ‘the Newark city oMcial “irregularities” and they patie agnor traffic in city as well as county. THE OFFICIAL IRREGULARITIES, Depue remarked as follows:—“Informatt fas een given to the Court that complaints be made before you of frauds and maleadministra- tion in the execution of public improvements in ae city, The Court is not in possession of in- ion as to the particulars of the proposed) te sumictentiy'< definite in details to enable: jourt to give you specific instructions on the n said by the Court on former the subject. What has occasions in relation to this T general gubject_ will | prana cover the whole ground. amirm- ng the ges Lt of oy enunciated on ef occasions wit! ct to criminal inabilt frauds in the oxecut jon of contracts for ate tne im- ap get and for malefeasance or no! In the performance of oMicial auties, the myect = commended to hr! careful consideration, If com~ plaints of the violation of law tn either of these re- cts come before you they should receive a ie hreget os oA re ce the: found to be witiot | support they should be dismissed; but if in- vestigation fastens guilt on any one considera- tions of public policy, which are supreme to alt private or pereonel considerations, Franses ‘vhe ar- Tatgnment of the offender, whoever pay be, to answer ft) bis 0 offences, ages igation fon oy grind Jury into ai luceed in thet api iolawea aby such ee mH ol ae cannot Tat to be ee Nagoge tn In relation to the oor trafic she Judge awelt at some lengt persona. offending it be indicted tinder the general act concerming inns and taverns, and that in certain canes shi t also de ind! for kee! dis- orderly cpasek wea re I attention iD " within the city of Newat or the same It had been stated authoritatively that “in a very lorge number of fringing places places me the a ee, eee openly without Such violations of tow. should not go unpun- ished, ie laws regulating the traffic in intoxt- cating liquors, and presctibing the conditions on which they shali be sold, have the same and the same Sanction as the laws which protect tne lve and property of the citizens, and are equally obligatory on snows whose duty it i to execu and administer the laws.