The New York Herald Newspaper, January 16, 1874, Page 11

PINANGLAL, AND COMMERCIAL POSTAL SAVINGS BANKS. Reasons Why They Should : Be Organized. CONDITION OF THE TREASURY. “The Stock Market Buoyant and Prices Strong. MONEY ABUNDANT. Gold Steady and Government and Rail- road Securities Firm, es w—6 P. a} Few propositions have been made in connection ‘with the problems of finance graver in impor- ‘tance, more deserving of discussion, or more promising in healthful results than that of the Postmaster General to establish postal savings ‘panks. It ts to be regretted that the subject is not generally understood, The system has peen in successful operation in England for twelve or Gfteen years. The savings there amount to many militons of peunds, and through all the periods of panic and depression which have intervened we Dave yet to learn that the conficonce of depositors in the safety of their funds ever abated for an instant. The plan consists simply in & privilege accorded to citizens to deposit in any Money order post office of the country amounts large and small, which thereafter draw a certain rate of interest. The postmaster transmits this fund to the department, and the latter promptly Teturns a blank book for future entries and a cex- tificate of receipt. In other words, the govern! ‘takes the place of the present savings banks of country in becoming the custodian of * THE EARNINGS OF THE PEOPLE. frig’ been urged as an objection to this plan ¢hat in @ country so populous as ours the weeping of these accounts would require complicated machinery and 8 great bu- veau of officials. This is not true; but admitting the fact, for the sake of argument, it foges much ef its cogency in view of the vast benefits that would enure both to the government ‘and the depositors, On the one hand the Treas- ary would eventually accumulate hundreds of mil- lions of dollars which, under appropriate legisla- tion, might be applied to the redemption of the pudiio debt. On the other hand the depositor would draw his interest and principal trom an un- failing reservoir., He would never lose confidence in the fountain-head. In time of panic there would be no more “runs.”” The Treasury would be fn a position to check all monetary crises in their inciptency, It might also invest, as banks now do, its surplus millions in its own securities, and by the payment of a littie less interest than is calied for by the bonds so retired create a fund ‘which in time would be variously available for THE PURPOSES OF THB GOVRENMENT. Tt has been suggested in this connection that the government might issue to depositors certificates of deposit—evidences of indebtedness—which, as security based on the public faith, would be equivalent to the best secarities in the world—in- deed, equal to money itself, Viewed in any aspect of the question, however, the plan is fraught with great advantages, Financially, strength would be added to the government. We should hear no more of Treasury deficits or depletion, while every de- positor of $5, $10 or $100 would be practically a purchaser ofthat proportion ofa United States bond and a drawer of interest thereon. Tne subject is too large to be treated exhaustively here, but enough has been said to call public attention to the mat- ter, and we believe that the more it is examined Bnd discussed the more will its favorable features become apparent and popular. Opposition to such a@acheme may naturally be anticipated from the entire banking interest of the country; but Con- gress has if in its power to put the system suc- cessfully at work within ninety days, and to start @ stream of accumulations that will at once relieve the Treasury from embarrassment, solve the riddie of taxation and make the country stronger andricher than it has beén at any period of its career. The machinery already exists in every postal money order office in the United States, THE CONDITION OF THE TREASURY fs by no means creditable to American finance. Since the official confession of our Treasury officials ‘we do not stand so well abroad as before. The policy of our debt reduction has been fitful rather than the result of settled design. With unquestion- ably virtuous purposes as the motive power, the end has been @ deficit, and the deficit has com- pelied an exposure of our weakness. Our revenue thas been great; our expenditure reckless. We are maintaining to-day hordes of useless clerks whose real place is at the plough tail, and whocling to their positions simply by reason of supposititious political influence. Dismiss this crowd and the country might save $10,000,000, We are throwing away public treasure in extravagant Daulidings, ft contracts, salaries here and outlay there, for which the quid pro quois but a vulgar fraction; yet when the attempt is made to retrench the entire army rise in rebellion, and, from the chiefs down to the humblest subalterns, array themselves in antagonism to the well-inten- tioned efforts of the Congressional committees, ‘who seem to be seeking to preserve for America her reputation. In spite of the causes and results of the late panic we can recover all that has been lost. We can continue to show surplus, The coun- try is still in process of growth, and all that it requires to exhibit improvement is an exercise of rigid economy; taxation is unnecessary; an addi- tional loan is unnecessary. The object to be at- tained is not worth the cost. Our whole need may be expressed in one word—retrenchment. THE UNITED STATES TREASURY. ‘Tne balances in the Treasury at the close of business to-day were :—Currency, $3,500,000; coin, $85,000,000; certificates, $45,500,000; outstanding egal tenders to-day, $381,599,316; increase since yesterday, $114,000, The internal revenue receipts ‘were $313,947. The customs receipts were $413,000, The Assistant Treasurer paid out to-day $270,000 on account of interest and $33,000 in redemption of five-twenty bonds. GOVERNMENT BONDS. Government bonds closed firm at the best prices of the day:—United States sixes, 1881, registered, 116% a 116%; do, do, coupon, 117% & 117%; do. five-twenties, registered, 113),; do., 1862, coupon, 113% a 114; do., 1864, registered, 115% ; do., d0,, coupon, 11554; 40., 1865, registered, 1163. & 116; do, do., coupon, 11614 @ 116%; do., do., new, registered, 11534 a 115%; do., 1865, coupen, new, 116% @ 115% ; do., 1867, registered, 116% # 116% ; do, do., coupon, 116% a 116% ; do., 1868, registered, 116 a 1163; do,, do., coupon, 116), @ 116% ; do. ten-jorties, registered, 112% 8 113; do., coupon, 113% @ 114; Go. fives, 1881, coupon, 112% & 11234; do. six per cent Pacific Railroad, 114 a 11474. THE MONEY MARKET. Money st the close was easy, with generous offer- {nga at 5 and 6 per cent. Discounts are unchanged. Foreign exchange closed dull and steady for prime bankers’ sixty days’ sterling at 482%; @ 493, and ‘weak for bankers’ demand bills at 485% @ 486%. The following are the per cent discount quotations fin the leading continental cities of Europe, re- ceived by mail:— Bank Rate, open Market. 6 an Soeoeecae e x GOLD 111% A 111%. ‘The above figures represent the extremes of this @arket, speculation apparently being held in [ sbevence by the )posetinities ef Cong Teestonal action. While faith in some prices are expected\ because form of inflation, the car- rpg rates aro esto large operations. other there Is little dispositio to sell the market 4 ‘The rates paid tor carry- ing to-day were 67, 1, 6 und 4 per cent. TIE FORRIGN MARKET. Company, The amount ts $1,500,008. The Canada Southern Railway has been reorgwaised” by the election of Mr. P. L. Oable as President and Ea- ward A, Wickes as Vice President. Prices ranged as follows:—Western Union moved from.77% to 78% ; dt, Paul trom 483 to 49, closing at 48%. Pa- cific Mail opened at 40} and dropped to 40, but'ua- der the influence of the news that the steamship Chine had safely arrived at San Francisco, having been detained at sea by the breaking of & Piston rod, the price moved steadily to ama ..$77,687,717 |\¢losed ot 43, Pamams sold at 116, Atlantic and Pa- on ‘illo at 1354 @ 13, Harlem at 126, 126 @ 126% 0 126%. 1,373,850 New York Central opened at 104, sold down to 108% and up to 104%. Lake Shore ranged from According to London advices to-day the market | 83% to3%. Hannibal and St. Joseph sold at 33 a there has been, buoyant, and prices have generally sAvanced, American securities being especially strong. The rste of discount of the Bank of Eng- 83.0336 @ 83; preferred at 42 242%. Erie ad- ‘anced, obedient to reports from London, from 49 to 61%. Northwestern common sold at 61 a 61}. land has been reduced to 8% per cent—a fact which | Union Pacino moved from 84% to 355, but later re- further illustrates the thought expressed in this tired to 34%. Wabash enjoyed the benefit of a column yesterday, that the great ease and abun- | Complimentary report of earnings and advanced dance of mcney in Engiand would sooner or later from 53} to 55. Ohio and Mississippi was steady be felt tn our own market in the shape of an influx | &t 34% 985. C., C. and L C. was firm at 3234 a 32% of capital seeking investment in our various secu- | ®$2j¢. Rook Island opened at 106 and fell om 1 rities, amd measurably filling the void occasioned | per cent, Delaware, Lackawanna and Western by the losses.of the panic. The amount of bullion | was steady at 101 a 10154 @ 1014. gone into the Bank of England on balance to- day is £15,000, We quote the following closing HIGHEST AND LOWssT. The following table shows’ the opening, highest prices:—Consois for money, 92%; do. for account, | and lowest prices of the day:— 9244 0 92%; Ave-twenty bonds of 1866, old, 108% a 10634 ;.do., 1867, 108 @ 10834 ; ten-forty bonds, 105% a 105%; new fives, 102, ex coupon; Erie Railway i shares, 45% a 46; New York Central shares, 063 | Lake Shore 8 96%. ‘The decrease in the bullion of the Bank of Eng- Rortwsaica preferred land during the week was £80,000, The proportion of the bank reserve to llabiiities which was inst | Muwaukee and Si. Pati week 43¢ is now 48% per cent, The rate of money | Ohio and Mississt; on the Stock Exchange on government securities is 236 per cent. Rentes at Paris are strong, 58f, 600, The following are the ruling rates in | C., 0. and I. o: Amsterdam :—Centrai Pacific first mortgage bonds, 833; Union Pacific first mortgage bonds, 74; Union Pacific stock, 8034; St. Paul preferred, 62%; North- ‘west preferred, 63}; Erie shares, 42. London, January 15—3:30 o'clock.—New York Central Rail- way shares, 05%. BANK SHARES were only moderately active, Commerce sold at | 130 1124, American Exchange at 109, Republic at 101, Metropolitan at 124, Fourth National at 102 and | $y Mechanics’ at 135. The latest bids were:—New =~ Gr York, 117%; Manhattan, 145; Merchants’, 116; Me- os mu a BPA Pd chanics’, 130; Union, 129; Clty, 250; Phoonix, 93; Fulton, 160; Gallatin National, 1: Merchants’ Exchange, 75; State of New York, 106; Commerce, 112%; American Exchange, 109; Chatham, 120; Bank of the Republic, 100%; Bank of North | jo America, 88; Irving, 120; Metropolitan, 124; Shoe and Leather, 185; Corn Exchange, 115%; Impor- ters ana Traders’, 100; Park, 180; Central National, 97; Fourth National, ‘02%; Gold Exchange, 100; | SONYO aH REE, Bankers and Brokers’ Association, 80; German | American, 9334. SOUTHERN SECURITIES were without material change. New South Caro- Iinas, January and July, sold at 10. We quote the lepest bids as follows:—Missouri sixes, 9234; do. do., Hannibal and St. Joseph issue, 90%; do. do., Asylum or University, 883;; Tennessee sixes, old, 80; do. do., old, ex coupon, 62; do. do., new, 80; do, 40., Hew, eX coupon, 62; do, do., new series, 62; Virginta sixes, old, 4034; do. do., new, 45; do. do., consolidated, 50%; Georgia sixes, 65; North Carolina sixes, old, January and July, 2734; do. do., April and October, 27; do, do., North Carolina Rail- road, January and July, $5; do. do., do., April and October, 3434; do. do., do., off January and July, 25; do. do., do., off April and October, 25; North Oaro- lina Funding act, 1866,19; North Carolina special tax, class 1,9; do. do., do., class 2,9; do. do., do., Class 3,9; South Caroina sixes, 25; do, do., April and October, 15; South Carolina Funding act, 1866, 14; Arkansas sevens, Little Rock and Fort Smith issue, 22; do. do., Memphis and Little Rock, 21; do, do., Arkansas Central Railroad, 16. RAILROAD BONDS. ‘The business im this department was unusually ; large and well distributed, and the market shows the influence of asharp demand for good invest- ment securities. German bankers are said to be good buyers of these securities, and the faith seems to grow that these and government bonds represent @ véry large »ic¢ortion of that which is substantial on the street. We note the following sales:—Erie, first mortgage, 10234; do., third do., 99%; Alpany and Snsquehanna, first mortgage, 100; do., second mortgage, 96%; Lake Shore, con- solidated coupon, 963¢; do. do., regular bonds, 97; Michigan Central sevens, 93%; Alton and Terre Haute, income, 76; lowa Midland, first mortgage, 92; Delaware, Lackawanna and Western, converti- ble, 100; Union Pacific Railroad, first mortgage, 85 a 8514 &@ 8534 0855; a 85% ; Chicago and Northwestern, consolidated coupon gold bonds, 8335; Toledo, Peoria and Wabash, first, Western division, 71; Quincy and Toledo, first mortgage, 88; Chicago, Rock Island and Pacific sevens, 103}4; Central Pacific gold bonds, 963¢ ; Milwaukee and St. Pauljfirst mortgage, La Crosse division, 90% a 91; Canada Southern, frat mortgage, 65; Chesapeake and Ohio first mortgage, 60; Western Pacific bonds, 87; To- ledo and Wabash, first mortgage, St. Louis division, 8824 & 883g. The following are the bids as amended at the call:— New York Cen @s, '&.- New York Cen @s, '8 ‘St. nt De}. La Tg 104 Del, La tif Tol'& ‘Wap it mat ib "a Tol & Wab 20 mh... 0.006 Tol & Wab equip bas. 75 Tol & Wab cong co 1% Hau & Naples Ist Gt wer a Suing ry Tol 1st w. ll & So Towa Ist m. 9656 «Ohio 4% Ohio Omo Dub & oe St Lon Me 7°. Mil & Milas: D 96 7 Mis 73% Mild 2 oh Ki 107" Mia s 1k a 0 Ma 82 Alta T Azam 8 Milé 80 Alt & TH 2d m 76 Mila + 80 North Mo ist m 80 Chic & : 92 Chic & NW st. 109 Gol, Chie & In 85 Chic & N W int % — Col, Chic & In 63% Chic AN Wcon dds... 9 ‘Tol, Peoria & 2B Chic & N W exten 80 Tol, Peoria & 70 Gis aN W coud bdi.: 8836 Rost 4 I i Fy Chic \ W cou g Let Towa Mid 1st m 8 wa at. H dF guarniid. in” Han @ti Jol. 95 Cedar F& Minn 2 Del, Lack & W 1s ia BunoRa Minis Teg 16 THE STOCK MARKET to-day was unusually active, and in results proved Pac ue 28 the existence of a strong undertone which con- 3 tinues to favor an advance.y That the market is much Manipalated in this and that interest must be apparent to every observer; that sympathy tor one stock in high tavor moves others, and thas gives genoral afrength to the situation, is also true; but it is evident that, so far, depressing influ- ences have: not effected a foothold, and the pros- "| 800 pect for even better prices ia not discounted. The | soNY oe advance ranged from % to 2% per cent, Western Unton, Pacific Matl, New York Central and Union OR uot Pacitic leading the market, THR REPORT OF NEW YORK CRNTRAL, which was freely circulated, produced nota little comment and encouragement among the friends of that corporation. The oMcial figures are for the year ending September 30, 1873. The gross earnings for the year 1872-73 were $29,126,000; for the year 1871-72, $25,580,000. The bulk of earnings was in freight, We note, however, among the | 30? items that the cost of operating the road in 1871-72 was $7,142,000, and in 1872-73 $10,066,000; that the roadway, grading, bridging, &c,, in 1871-72 was $712,237, and in 1872-73 $2,364,000; and that the miles of single track have been increased from 1,621 to 1,716, There had, therefore, beon a very large outlay to detract from the earnings up to the time stated, September 30, The market de- rived FURTHER BUOYANCY from the announcement that the Lake Shore Sink- ing Fund loan had been closed ont, and its Presi dent had notified the Union Trust Company that he was prepared to take up the whole of the notes given by the Lake Shore road in October, 1873, in settlement of the debt due ty the Union Trust Opening. Highest, Lowest. be ies Cen. and H. R. stock 100s 1043 103% 126% «1266 5144 49 83) 8356 55 53% Western. 61% 61 7345 13 Rock Isiand.. 106 1054 = 4356 43% ilwaukee and St, Paul pref 156 125% mel 343g 345% ae Jersey Central 99% w Jerse: | onimeege 7 Union Pa 34 B25 Pittsburg.... 884 Western Union Ti% Pacific Mail... SALES AT THE WEW YOR! YORK STOCK EXOHANGE. ‘Thursday, Ja Jan. 15—10 A. M., Before C: eae wig BR.. 400 shs West Un Inoantes - 7 do... ty ei 2190 ao 10) i do. 200 195% do, 10 49% 61! Fr Hi $0 Pao Mt 3 3 ac of 70 40 # 60 os ooo Be 1100 500 500 Pana 15? 600 74 10) A & Pec RR pi... 13% 3900 w% 00 Han & StJo RR pf. 427, 2500 85 10683 8500 85 1000 do 104% 200 Tol & Wab RE. uO ao. 104 100 10) Go. 104g 100 4 190 a0, W434 1000 8 bw do. 6 1045 1000 33 a 10434 800 53% 103% 100 O1 3 200 Harlem 3 128% 30 Fr 109 Chi & NW Te sm Be 10. 3 Baz; 1100 LS 4M 8334 400 Bip Bo do. By WO UY 35 50 do. 8334 1200 Chi & it TRESS... 106 1000 8&2 80) do. 108% I ge 83% 200 de 833; 100,041 Bag 33g 700 32 Bib, 400 33) 100 BS3p 400 88" 400 33 20 rrr) $50) US 5-20,c,'65,n,smi 114! io ore eh ¢, 87, smal hess 500. dk 11000 US 5-20, r, i do. 15000 00 U! oe be 15% 22000 US b- 63, N.. 115% 22000 Us 5- » 705, Be UL 1500 “be IL ‘20000 Board—10:30 A. M. $0008 C 6's.n. J &J.. 800 shs NYC4&H RRRDS 10¢ 3 D3 104) wo NY S61 r 3 5000 85 so 0 a So iis ig 2 2000) “do... FS) 1200 do. 8354 400 T, P & W ist, WD Zz san juin & Tol Ist m RI & Pac es 10s. Wo Gen Fac be SUP As teed son 13000 M. 2000 nel BSctetee Beeet ee meget SSRESSESRnEBESES! = A of 400 27.0 5u0 He 1 ioe ae 10 60) a ‘900 aig a0 ay 4 400 NY 1006 800 i 60 103% 100 100 108; 100 100 200 1 a0 K 12130 100 0 300 300 HH 100 800 300 Tim 100 100 7 0 bs joy 0 77! 1 x rit erican Rx 60! i an 481 RR 106: 41 an a 2100 200 a 300 4 600, a 2100 41! 500 a 1500 my do. su do. 10 2000 2000 Pi) 10 Jou 200 300 300 ‘300 100 S00 Po Be ww, Tio 100 ‘B00 2116 P. M. $1000 US & 20, r, °62..... 113% $9000 US 6-20, 6, "68.be0 116K Second Board—1 P. M. me N png i BRR. 104 " cE $10000 Missouri 6% me ¥ Cen 6s, bi Rb, ...de BY 8 Senta a Bona SRW iii oe 1000 10 1700 700 Krte WLS& 30 SON YC ho Ou do. ‘a te 900 do. 00 ao. 10shs West Un T 700 3} 600 do. 1000 nN 3 K 1600 300 Py = 782 900 2600 300 400 783% 2400 $0 2 oo 500 73% 20 40) 785, 100 eo luo 1a 70, 38 42% 1100. 4 by Po 100 aig 0 2 800 4: 2 425, 800 1100 25, 600 C B00 42% 200 0) 2, ww 1100 ay WwW oy 43° 50M 500 43 500 Bon, WA% 2300 ‘Tol 675 » 404% 100 60 ls, 100 0 (4%, 26.0 1100 lois 800 300 14d 600 Avo 900 200 as 2700 200 1003 20) 100 300 200 O34 OLOSING PRICES—3 O'0LOOX P. M. West Un Tol... BY a 78% ChLENW..... Olga 6 Marudania wee 2° CHS NW prot ed N Be Bost, Hart ry i N Jer el, Ls & West. 100 Ctiteage pout Panama. Mil & dt Paul 4 Pacific Mali*.. 4374 & Mil & St Paulpi ne a New York Cen. in! a 1d Toledo & Wab. bis & ba Erle... 20% 2 & Mis...) Higa 35 Hariem.. 125% a 12832 HL 1" a 33 Hake, Shores Rg a Bk hes ax nion Paci s a a Pittsburg wo epee COMMERCIAL REPORT. Cotton Easier—Flour Hoavy—Wheat and Corn were Lower—Oats Easier—Barley Firm—Pork Easier—Lard Quiet and Easy—Groceries Quiet, but Firm— Petroloum Negilected—Naval Stores Quiet, but Firm—Freights Steady— Whiskey Easier. THURSDAY, Jan. 15—6 P. M. The merchandise markets were generally quiet, but steady. At the Produce Exchange business Was moderate and the markets were quite genor- ally depressed. Flour was dull and heavy. Wheat was dull and prices tended in favor of the buyer, closing with car wheat freely offered at lower prices. Corn was in fair request, but conSiderably lower at the close. Oats were lower and irregular at the close. Whia- key was a shade easier, Barley was stronger under a fair demand. Pork was quiet. Lara was quiet and easy. Cotton met with a fair demand, but was easier both for spotand future. Freights were not ma- terlally changed and quiet. Groceries were not sought afterto any extent, but the market was firm for all de- scriptions. Petroleum was quiet and values not essen tially changed. Naval stores were inactive, but quoted firmer. Corton on the spot was dull and ‘ye. lower under more liberal offerings. Grades below low middling were rticmarly ne lected. For suture delivery, the market faled Tairly active at a decline OF Jgc., and closed weak. e quowe » Uplands, Alatama, ¥. Orleans, Texas, Ordinary .... 13% 1334 34 1 Good ordinar; ‘ dink 4 wit cid Strict good ordi 15 1b “iS Low middling i 6s Middhing. . 6 ig I it Tg Good middiin, 728 184 18g —The quotauons are based on cotton in store tanning at Quaiity Not more than halt a grade above or pelow the rade quoted. The sales sum up as foliows:— id ‘ To-Day. Last Ei 25 40 Totals. 03 3 —For future delivery (basis low waiddling® che sales i been as iollows:—Last evening, atter three ee February, 2,000 at 16 }-léc.; | U0 at 16 1. 8c. ; TU0 at I6e. March, 90) at 16 21-32c., 400'at 16 L1-16c., 200 at 16% 100 at’ 16 19-39¢.: April, 200 at 173¢c.; 100 at 17 1-16 200 at 17¢.; May, 100 ati7ig; June, 100 at Ie. Total, 5.00) Dales, To-day upto three M.—fanuary, 200 at 15 21-32e., 1,000 at 6c. 100" at i ere 200 at ip 116s, 20 ne 15 18-160 -160. ‘29-8205 15 Mare, 100 at et 19-820, 100 atid 173 vee, what Mt 16440. 1,900 at 16 17 32c., Lg gers 100 9 18 27 gt at 16 17-320. 9.0 at Sag.» (0) at 6 Wie [ape 600 wii7o,, 400 at 16 wtiay 0 a fo 0 7-16c. To’ 16.200 bales Grand total, 24. bates Free on board! 100 bales Philadelphia on private terms. Rates on cotton to various: paste closed asfotlows:—To Hav [> i bi 1c. "To Lauburg, DY, meatal ates tae ‘ig by mae Bremen, by wont PS Letters B: ie tate By To ie ee ompressed, I 5 Sd. uneomipreasea, by steam: 14-824. by sail, nominally. Receipts at thé Rew’ orien ees jMoblie 42 ae Sava anal S60, charleston, 3. 18 ‘Nori 2B Philadel aoe Total 21130 Fee day a last week, 11,600 baled This a day last year, Corrmethe market to-day has been paniet | pat oe. finned firm for all descriptions. Wo note Ot 3 Daas of Bio, ex Pol ga eure, terms. quote ie, ordinary cargoes, fair do. 280, a di0.3 figs extreme rat +A bie forlow, cnet sree p., ) and 90 days’ ered fc J 2c. 5 ti a Bes" ile’, Maracaibo, digo, I oe ; Jamaica, 24) ae Mecano. a 270 Ang AN ‘Savanilia, BBiee, a Z1-40.1 Curacos, Sages eigen golds nud 9) m AND Gnatn.—Receipte—Flour, 18,636 bbia ; 165 #2 buahela; corn, 25,0000, corn om ine *Dobier see, mingo, Net, but without, cudage oa Samer |(f ui since last report Toot ups mot RRS tt including ait | >“ ‘the subjoined quota- find at prices aan , range of ns" Gora mei at firm. meal was BOs Bi ‘ody wine hasity a'Sdipior Wevern, and randy wine. Shanged in value and quiets We auotes The sales incit SHS Serer | F 00 % Py BS oO 50 wo 70 70 8.60 Not is oo oo 2 20 60 00 0 we Re ses mS SP SH HSSSERSRSS SSRASSSSRNSRSS i i a ce about “%a000 ‘ous Ties | a? afloat; later, 63)40. Sawn, LA oat it RL og wee, re pales ot De paaeen for af Western, and cal 0. for four-rowed 8 inactive and ent ominal be Faxtcurs.—Tho inquiry for berth accommodation was only moderate, but rates were not esse! In ihe chartering line busin barely stet ‘sal =} f° $104. jam, 8, at bbl eS and e watt ee nt on. Legh Hint honee to to Gort for fi oie oes bees jb" 2,500 8: an Ht Austrian bark er | Se iz, Yall cargo of light i etrcan br ned ts he pelles rath 7a exse Tefined petreleam, ae oon With’ kd Dols refined yecroleumm: said to ve at Se, another ao a 5u0 bbls. capacity, was said to seneee Port, but we were unabie 14 learn julara. oe ein domestic continued fair, aad the Forela bean msreree, ‘wore moderately inquired tions were unimportant. We note but the tri sateatin lows, ONAg DDS of New Orleans at trom Tic. a oo ees tt tierces, and $27 a $28 50 for extrs Beet ham: continued quiet, but were quoted weedy emall ots were at from $% with a moderate $25, Out meu met demand, ‘and values were not esven- pe sales yecteds ‘500'pickied shoniders t Big0.; 2.100 pickled hams, 10 a 12 smoked hams at ie. to 1% ‘IL Ibs. average, at 13%e., and pickted bellies, medtuin average, on inte at Be market "She Wesserh was quiet at Dee. a ac. ea amido for February at 9) 9 fhe “So. 26) do. tor May at iagt evening. Bt Ive. + 100 do. of kettle at ge, Ri 6 Jobbing trade, continued tair and the rolina quoted at 7e. a 7! ib. for o. a de. for fair, 84c. a re for prine and 9. for choice; kes, $Me, fF common, Thee. a To. SG, for soot, @ 83g¢. for prime u ge. : *feangoor, fold, in’ bond. ~The ales Be f Carolina at Be. a Sic. 30 bags o} 200 bags of Rangoon, in'lots, ‘at 7c. a 7\c.; Go., in bond, at $3 10; gold, and small lois of Patna withia be market to-day has been quiet, and prices Father unsettled. We quote fair refining imuscovado. at ¢. & 7340.. and good do. at7%e. a8. We note sales of hhds. of Cuba at T76e. aie, und 10 hhds. of Demns velar ebeins Feiie 7% rare at 0%, Refined was not materially changed in Yalne und aulet Mecars Walt Oreigiion X Morrison ia thelr circular of this date sum’up as follows:— bags. Melado, Stock (ascertained by actaal county including specula- tion) January 1 51 22,834 299,792 1,314 Receipts since Yrahuary i 20s 1,080 31,779 15,973 93,085, 167,681 Stock this day, January 16, © VBTA. eee ese O49 2 oompatig i : 5,806 225,404 20,100 49,209 113,126 compari i 22,385 26,703 234,392 nary Comparing with ‘stock ‘Jan- ary 20. 1871. 27.115 59,010 844,163 —We quote: ining, ope to common, 7 jair to foodtatr, “Te. « . 8 TS. 8 a Pats to gov Seacs sca 3 es cont fugal, hl iagawi’ to 13, ase. ‘hhds aud boxes, ‘once AR tnalad “det he Cuba slayed—Hoxen, ‘Dutch standard, Nos, 7 to 9, 7c. a 10 to 12, oe: a Bigc.* do. fe. 89 : Horie Rico—Keaning. commit to pri fair w choleo, Bic, aBXe. Braail—Dutch standard, Nos 8 to 12, 6X. JavaecDutch standurd, Nos. 10 tol Se. Aske. Munlla—Suberior and extra superior, 70. a 7%c. STRAMINE.—Ihe market was inactive aid pominal Prime quoted weak at 9c, TaLow met with a ‘moderate demand and prices wrere not, easentially, changed: | the cy mclude :~1iB bbls. of Western at 7? 6 140,000 tbs. at from 734¢. to THe. according to qual Scere—Heseipts, 1155 bbia. ‘The demand was mod- erate and the market about steady at the cho:ing prices of yesterday. The sales include bbls. reguise at sorhc., and BY DbIA wt SBAde. cash. DOMESTIO. MA MARKETS. GaLve: Cotton weak; demand moderate; good, ordi ry ies middling, 166, Net receipts, 5,162 bales. _Exports—to Groat Britain, Lig: to France, ‘832; coustwise, 25, Sales, 2,0U0, stock, 105, 1 New Ontxans, Jan, 15, 1874, re Gotton dull and easter: middling, 19%: low mniaditig, 5hjc.+ strict good ordinary, Me, Net rece pts, 5.45 bal “038, 6733. ports—l'o Great Britain, 5,282; Coastwise, Ene Sales, 4000; last evening, 3,000. Stock, 2,706, Monti, Jan. 15, 1374 Cotton quiet, demand light; middling, low middling, 14%. ; strict good ordinary, Net receipts, 1,162 bales; grows, 1,177, Export 1,756; cousiwise, 2.20% ‘Sales, 1,500. Stock, 64.275, Savanwau, Jan, 15, 1874. Cotton easter; middling, mae Net receipts, 3,300 Sales, 2.193. Stock, 109, Cmancestox, Jan, 15. 1874. ‘otton dull and nominal; middling, 14e. a id%e.; low middling, logs. a 153¢c. j strict good peasy. Isige. Net pts “28 a $Y pales Yixports to Great Britaid, 2,328 WILatnoton, Jan. 15, "874, aes of turpentine firm at #c. ‘Kosin lira, at $2" i} tor strained. Crude turpentine steady, ut $1 30 toc hard; $2 80 for yellow dip. Tar feet are at ci ou. 15, 1874. Flour steady; sales of 1,300 bois, ato toe tor No. ts pring, $9 for amber winter, $9 6v for white winter. $10{or doulis extra. Wheat quiet; sales, two cars No. 1 Milwaukee club at $1 00; cove white Uanads held at SLs Corn quiet: nominally We: Barley dull; sales, 2,800 bnsiels uplake Canada on private terms. Corn meal—$l 65 tor bolted and $1 60 tor unbolted per cwt. — Millieed un- changed; shorts, $20; siulpsiuifs, $22; middlings, $24 a 325 ton.” Railroad treights—Flour ‘to Philadelphia and ton, G0c.; to New York, Wo.; to Albany, 42c. Burrao, Jan. 15, 1374. Imports for the last 4 hours—Flour, 4s) Ublay wi eat, 62,655 bushels; corn, 61,375. do. 300 birley,, 57,000 do Exports—Whoat, corn, 69.346 do. ; outs, 61,800 do. ; barley, 340 do. firm} Western ground,’ spring, $7 a §7 60; bakers’, er = & $8 25; amber, $5 a $3 0); white, $350 a $9 25, Grain tlarket, was ‘dun and inactive today: no sales were reported, but prices Were nominally firm and wn- Ghiauged; Western prices were untavorable. Porky Ser ni ah ie gael low tnixed eno grade’ 63} 2c; no piace ‘able. Oats fon and 4 ret med sd ag Tascitning afi iss toa $8 0. Mecey bushels w! do. oats. Shininetto= 00 bushels wheat, 10, and 5,000 do. oats. Catcage, Jan. 15, 1874 Flour quict and weak; buyers and sellers apa pf extra spring at $5 75 ASP a755, “Wheat in fair demand, lower at for No. 1 spring; $1 23 tor No. 2 do. cash; 3G Fepessry $1 27%, March; No. 3 spring, $1 16; Foieuid 109. “Corn in fair demand and lower, Foto Umtxed, spot S60, old, Yebruary ; Gi}4c B30. a He May; fe ; he 038 fs! ‘deal ini rel the tes gees B at a Ble. it fates of No.2 fall at $i 50; $1 ih. Por unset it anid 2,00. 0,000 do. corn rr ge 25 March. meat Re oer v The for short © Quiet acd unchanted at 8 a fey, gainer pu tte oak 7 co “bushels Jey,, auibmonts=is MO bbs flour; "48.000 bushels, wheat >, ao. cara, 200 do. oats, 1,000 do, rye aud ti oo do HAVANA MA A \NA MARKETS, Havana, ane i 1876. tive tor No, #2 Dutch standard, Bogae active or ea active. On the United eedice a rel 65 a 67 premium; short sight, 6 premium; on Lo udon, 10's iid Hoa 1 premium. Ll a n EUROPEAN BAN MARKETS. lowmy MaREet.. oe aye 15—12 30 P. M.— 100 do. bare Loxpon M American necurities United tes five-twenty bonds, Wore, 108; ten-torties 10854; new ates ex. iridend: Erie Rall ak ¥ 1:30 P. eating thas, sae shares, 454; 40, Dieterreas Te —Eris Rall- Wray shares, 8 48%; do. P. M.—Erle Satg 5 Bic the ‘scorent, f United Sass Dir fesse; ris al ‘ren 46, ane » Jan. 15—12:30 P. M.—Paris de- spatohes Tentes at SB. Sidsc, ia Be Be ag sd. 5 mid: meiner Jan, 1b— oP. M.— 5 ‘ pgp eT, aut. dot What, a. od. Ae! 44 for red We Nnenne prin ig. Corn 40s. 3d. per quarter. JARKWT.—LIVERPOOL, Jan. 1b— GP. eee aerate clear middles, 38s. 6d. per cwt. he I Prov’ pauline van, 1 3 Lonpon, Jan. 15—Refined 13 M.—Tallow, 388. peigelgar, 1K ie; Gear ec line ata eee nee eae Foxtn, 7 bras por owt ‘Linseed Oil, FINANCIAL. - Y, BRORER: Ti BROAD. LAPBLEY & BAZLE Be, 14 BROAD. Alt ecateah ot signed’ by mem. tooks or responsible part these contracts ih place of mar- persons of sinall means to speculate, with Buti Suviftue rial, 4 ‘Bxplanatory cirvalars mailed to any ad- 100 | INVESTED | =FUTS AND CALLS: $10, TO 3 the only Sol ii operating me Wail mt on Iisnited capitate tay explained = page Pamphiet, matled free to any VALENTINE TUMBRIDGE & 00., Nae and Brokers, 39 V Wall street, New York. re: REASONABLE RATES—MONEY ON LIFR AND AY veouriues, isurauce (ral kindy effectea, writn other our! ur ol indy ete: ie best compauics. 3 IO OU, a Seances. bought and void Wee ais MR Aaa in EE vant WHO WILL LOAN A MANUFACTURING liately for one gy 4 Belge intron wll give rea ona ply at 842 Broadwi A “=poxom, MonToRgE Mis i, oa fact a pace ane ae fo n BROAD A —HASKING & BRAIN + street. —dtocl ae which cam be used asec inargin. ae one with sraall capital to speculate cabharae ‘crculare mailed? planatory rigst MORTGAGE WANTED-—ON LEASKHOLD A Brookiya or good suburban Ft 1 SHAE ox tam Pusu, Py * Ne aesiiennncermesrternanes KINDS OF MATURING AND PAST DUw As {alms coliwoted ner ot Tile Gkz7 AM COLLECTION Aon ew York tee 229 Broadway, corner Ba: Gorrespouaing cout ae fed statcoand Causta, 22 femme theo OFFALO CITY SEY Jersey City Se Morrisania (now > 8 rk city) Sevens, DANIEL W. MORAM, 40 Wall street UCRBEA SILVER MINE 4 terest in this mine tor documents which will pro lor @ profitable’ ix ment Starons LA P ck City and County Bonds, Kaiiroad Bonda, i Katlro and other choice Stocks and Bonds, paying 1) te cent, at iow ras, 0; P ALBERT I Tt. NICOLAY & 00, 0. 43 Pine street, N: ork. _N. B.—Investmont Securities our specialty Sneath NIOKERBOCKER FIRE INSURANCE COMPANY of New York established 1737), office 64 Wall sira New York, Jan. 5, 1874.—Ata meeting of the Board Directors, lield this day. the usual semi-annual divider ot five per cent Was deviared, also an cxtra dividend five percent, both payable on and after January t 174. ‘The wansfer books will be closed trom this das til the 15th inst. JOSEPH L, TOWNSEND, Secretary. N MORTGAGE IN BOSTON OW five large Stores dn Tremont street, im the contreat cf ach building worth $40,000 and baying 8, money being scarce on mortgages in conse quence of the grent dre, will pay 10 per cent tor $23,008 on each for one or two years, Address JOHN F, BAS SET, 41 Tremont street. MEgzanics AND TRADERS! SAVIN INSTERGS No. 283 Bowery, near Houston street. Interest Notice—A setit-annnal dividend of six, pe cent per anmuin has been declared aud will be cred od depostorsJannary |, i874, on all sums entitled theret for the six month# and three months ep 31, payable on and atter January 19. Interost not with drawn will pe entitied to interest asa deposit, Money deposited now will draw bai tas Seat Srey daident, 1 _Hewnr ©. Frsnxn, Secretary. MONEY, 70, LOAN ON BOND AND MORTGAGE OW id Second city and country Property, First an gages bought M DAVENPORT. 15 Deter, . QOPrice oF, or mits M ast ufacturers’ and Builders’ Fire Insurance Company, 207 Broadway, coruer Fulton 4 New York, Sen, 14, 1876. The Board of Directors have this day declared ‘Usual semi-annuai dividend of five G) per cent, pay on and atter the 9th inst _ 3. AY NESTELL, Secretary. IRADES’ SAVINGS BANK, WEST TWENTY-THIRD strect, near Eighth avenue, have declared usual dividend of seven (7) per cent, payable January a ‘The business of this bank mereased more than ones in safety equal to the best instituuions. Money de) Gil or drawn at agg time; interest trom date of deposit, (aus paying aecoun opened o1 or transferred to this bank frou oas of detore Junuary 20 draw inter- invrest. Le est from January f' “Acoounts opened ‘of any amonus and drawn against by check when desire 2 BARON, Pres! at. © M. Freese, Secret hg NATIONAL BANK, %48 BROADWAY, CORNER Leonard street, New January 13, i874.—At tl annual election for Dircetors of this Gaak, held thi the following named gentlemen were ananim elected :— a Pantel 8, Miller, Francis A. Paimer, Bernard Sinyth, Thomas F Mason, Walter B, Palmer. Ata subsequent meeting ot the Eph? Walter BL Palmer wus unanimously re-elected Pi GUBORGE AC) MAN, Cashier. E HAVE CLIENTS WHO WISH TO LOAN OW bond aud mortgage in various sums: city or Brook- tyn; Bo baer reguired. 4 JOHNSON & BRO., No. 5 Dey street. $300 “WANTED-—ON MORTGAGE. OF hold Furniture, insured for $1,500 often. will be paid. Address ©. R. T., b of 1. 000. “WESTERN PAOLVIC RATLROAD BON 3] » No. 880, stolen Thursday, A. M.. trom 21 dson street, Hoboken. All persons’ are cautioned from negotiating tor the same. $1 50! MORTGAGE, 1 YEAR TO RUN, ON @ ae) nore farm wi Greenwich, Cond., 6 seul lor $1,250. 0 OFT, Now 3 HOUSK- extra im 2,808 Post Sko- or Brookign, Prop- ¥ gazes on cl ACOB SHARPs, 149 Broadway. TO LOAN ON FIRST MORTGAGE OW $8.000 LIVINGSTON & CO. property, or will rere money ready. 80% 92 East Fourteenth streets Getman Savings Bank building. — $9. 000 TO LOAN ON BOND AND MORTG\GH on Now York city improved Property, um sums of $6,000 aud $3,000. EB. HAYDEN, “iz William street, 9.000 72.88% A FIRST MORTGAGE T west. chester or Brooklyn; $10,000) and $5,00) SViritin this city’ on improved or unimproved, amd several sums tor Second Morigages SAWARD & SEAVITT, , 4 Wall street, $16. 000 2.208% OX MORTGAGE NO BONUS) special loan; New York clly property, Vacant lots, accepted with wide margin. H, L, GRANT, 63 Kxchange place, $20. OOO-EXECUTORS FUNDS-TO LOAN, on first class improved city, property; Be at Apply, alter 11 A. M., to J. D. N., 80 Cedar street, BAS, 000 20 Bax ziBsT, MORTGAGES, O© city of Brooklyn Property. B SHARPE, 149 Broadway. ESTATE toner TO LOAN—IN SUMS under first class private ro a = ee sy Pine street $60,000, Fate tags Tet apply to WILLIAM | tg ya «Sema jor-at-law, Nassau street, room 6: hours 12 to's. $125. 00 TO LOAN—ON REAL ESTATE IS this city, in, sums of $5,000 and ape wards, for a term of yearn, “without JOUN F REY, 162 ‘Broudway, room % 50.000 TO LOAN IN SUMS TO oe a first mortgage; money ca yan © ae from date of application ; ® also ali ae PaAboN & EStOAN, Bast § Seventeenth street. nn COPARTNERSHIPS. Ties Is rls 18 TO “OERTIFY THAT THE FIRM bag Naw Yorx, Jan. 12, 1874, REAL ESTATS. The following are the particulars of yesterday's sales:— SON AND WHITE. bay side, we ital: Henry. im AND 00. ary fae + C. B. Gates, pitt. NAVAL STORES DEALERS. New Rules in Regard to the Parchase and Sale of Spirits of Turpentine. ‘The naval stores dealers neld yesterday alternoom @ meeting at the Produce Exchange. Mr. Zophar Mills presided, and Mr. J. E. Camerden acted as secretary. Mr. John Judge, irom the ittee on Naval Stores, submitted an smen ton the new rales which are to govern the trade, and whieh were adopted in harmony with the rules adopted by the Wilmington Board of Trade. The new rules are very lengthy. The first rule fixes the basis of contracts for "ay of turpentine as tne rate of seven pounds net it per gallon. Barreis vant i eg age § be weighed by half pound: the , Gaerne Bhar vel ‘vie a A be’ tel + orinded og ono or both | Areas, “Bay we sd own expense to the exten y or ten ten cent of an ret and the ay ‘aigerence Yara a SDAR be eee Satnienacer eh crtaier ws mae 8 ani Ge credit Yor such difference. scribes ow varrels should be made, ant matter of Shipping order shail be leit to the tors. Rejected as unfit tor “shipping orde: be all poor, misshapen and ill-made barrels, all bar- rels which are sweating, leaking, ic. ‘Without potas, 96 ‘the rules tor the purchase and of rosi! tar, and the genefal rules, the tng aaiourued. subject vo the call ot the chair