The New York Herald Newspaper, January 23, 1874, Page 9

FINANCIAL AND COMMERCIAL Thoughts Concerning Currency---Why We Do Not Need Inflation. Be SLIUSS Sesdor| LESSONS OF THE PAST. What $27,000,000 Already Issued Have Done. MONEY ABUNDANT. Gold Firm—Stocks ‘‘Sloppy’’—Govern- ment and Railroad Bonds Steady. WALL Staeger, } TuHusspay, Jan. 22-6 P. M. Among the definitions to be found in the science Of political economy is the following:—“‘a com- mercial crists is the partial breakdown of mercan- tile credit; a fMnancial crisis is a collapse of speculative enterprise; & panic Is a partial break- down of bank credit, producing a ran upon the banks for the payment of deposits.” We have re- cently passed through all of these conditions. We have had a “breakdown,” “collapse” and “run.’” ‘The only currency during this expertence was a goverament “promise to pay” and a national bank issue, It purported to represent gold. Good- nataredly, and, as a matter o/ necessity, the nation accepted the obligation. War generaved patriotism and patriotism overlooked A MULTITUDE OF FINANCIAL SINS. We piled up immense debts abroad. We mort- gaged the country to foreign bankers. Govern- ment, States, cities, counties, towns, railroads— allmade “paper promises to pay,’ and because ‘we were nationally rich and full of resources; be cause we had only to “tickle the soll with a hoe to make it laugh with a harvest; because we were absorbing the emigration of the world; because gold, silver, iron, coal, cotton and all the products ‘that enter into the coisumptive demand of man- kind were indigenous; because we could create and supply, we commanded 4 CREDIT ABROAD ‘which enabled us to run into debt toan amount that is to-day represented by between $3,000,000,000 and $4,000,000,000, The interest thereon, annually payable in gold, is much greater than appears upon the face of current governmental reports. Added to this drain is that made by our extrava- gance. We probably spend more for outside lux- uries than any nation on the face of the globe, Nationally, we are living beyond our means. Stamp an article of trade “London,” “Paris” or “Vienna,” put it side by side with the same arti- Cie of American mannfacture, and AN AMERICAN WOMAN ‘will turn up her nose at the latter and pay tribute for the privilege of saying in a fasmonable circie that she wears foreign goods. Thus we are con- tinually adding to the weight against us. Piling the excess of imports upon tne amount due in the shape of otner obligations, we are continually mn- creasing the strain upon us as a debtor nation, France, emerging trom a great war, taught us a leason; but we are slowto use it, France lives within herself—within herself controls her na- tional debt, and so every hour is developing greater financial strength. We of America, on the con- trary, are every hour plunging in more deeply. We make paper, give it a name—call it money; water ita volume to suit our necessities, just as one would water brandy; yet behind it all, notwithstanding we are population of 40,000,000 and the cynosure of the civilized world, there 1s not an iota of real commercial value to give even American “legal tenders” character beyond our national domain. We produce gold and silver and are bare of both. We talk about specie payments, yet count from day to day as 8 part of the national treasure futly halfof it in the shape of “yellow back” paper. This is AMBRICAN PINANCE ! { the face of it all there is a demand for more cur- rency. Twenty-seven millions of dollars have aiready gone out froma fund, the issue of which is 30 coubtfal trom a legal point of view that Con- greas is called upon to justify its use by a new law. More is likely to follow. But, strange to say, not a dollar of the outlay from the ‘reserve’ has yet turned a wheel or stirred into life one of the inter- rupted industries of the country. It has simply multiplied bank credit and played into the hands ofthe Wall street speculator. It has helped men who are moving stocks to DELUDE THE PUBLIC with an tdea—to make camera-obscura pictures on the wall and gather in the millions that poor dupes paid as the cost of the show. And Congress, all chaotic and befogged, is heiping on the exbibi- tion. Demagogues, like the boys at Dotheboys Hall, are crying for “More!” The South and West are said to want “more.” Money is declared to be unevenly distributed. In the South Senator Gor- don states that the people have less than $3 per capa, Granted, It is a fact that obeys natural causes. Good money will not usually follow that which has proved bad. Men who are overplanting, men overloaded with mortgaged property, men who are driven to the strait of paying 14 ana 2 per cent a month to help themselves out of debt, men whose securities are fringed all around with DEAD WEIGHTS, will not attract currency. It 1s not @ wonder that it refuses to move 1n such directions. Congress May legislate into existence a hundred millions ‘of new paper dollars, but without a corresponding movement of industrial enterprise the amount will find no use save m promoting and provoking speculation and producing the very evils which are doubtless sought to be averted, During tne war we could use the entire bulk of currency in a healthful manner, because every mine, water power, ateam engine, loom, plough and spade was in active employment. LABOR MADE THE VALUB. Dollars found legitimate employment and com- pensated jor their use, Products were the equiva- lents of gold. Now we have entered on a new phase. We are doing less business than during the war, and we do not need more currency. An in- crease of volume over the wants of general busti- wdess means depreciation. We need a currency that spall be on 8 par with specie—which shall be convertible, flexible and adaptive to the varying conditions of commerce and trade. This feature, however, opens a range of thought the consiaera- tion of which must be delerred, for want of space, until another time. THE STOCK MARKET requires scarcely more description than is | invoived im the one word—tired! The day was quiet, and the transactions were con- | fined chiefly to brokers and local specu- latora, ‘There were no symptoms of outside Duying, and the exhibition of cautiousness in making ventures for the future was so well marked as to elicit comment. The active stocks were Western Unton, Union Pacific, Pacific Mail, Lake Shore, New York Central and Wabash, The follow- ing are some of the prices o: the day:—Western Union opened at 76%, sold down to 76 @ 75%, up W 76%, and ctosed at 7 Pacific Mail Bold at 42% a 42 @ 41% @ 424 B 414% & 42; New York Central at 104 a 104% a 103% @ 10454; Northwestern common at 613; a 61% a 60% a 60%; do. preferred at 7234 a 72% a 72% a 72); C., C. and LC, at 31% @ 315 a 31 2319; Hanmival and Sw Joseph Ab 325 a 32% a 32; Wabash at 54% a 54% @ 63% 964. Lake Shore moved from 80} down to ‘79%, recovered to 80%;, again receded and closed at TO. Union Pacific ranged from 3534 to 34%, the ‘@osing price. Rock Island receded from 105 a 105% to 104% 8 104%. Obio and Mississippi was steady Bt 4% 8A, A354. St. Paul ranged from 48% to 47%, closing at 48. Panama sold at 116 a 116; Bar- lem at 125%. The recent report of TRS NEW YORK CENTRAL AND HUDSON RIVER Ralle ROAD COMPANY becomes more interesting as it becomes more Closely quairecd, It 4 Wl KOAWA WALID dork | leases and $743,383, an increase of $596,584 ior an additional leased line of only 14 miles. If 80, it is rather a high-priced line. Now, as one dividend of 4 per cent on the Harlem stock and the interest payments on its bonds (which would have become due irom April to Oc- tober} would have amounted to the sum of about $540,000, is it not reasonable to suppose that this 14 miles ¢which the report acknowledges only cost about $50,000), and that while the Harlem earnings and payments are both included fm the report of the New York Central and Hudson River Company, the Harlem “miles” are excluded in order to make things look sweet? This additional 133 miles of road makes the reduced cost of maintenance ofroad and machinery (claimed by the report to be $1,797,233) still more questionable, Explanations will now be 1n order. THE MONEY MARKET. Money continues easy and abundant at 5 per cent as the ruling rate and % and 4 per cert for exceptionai transactions. Prime gilt edged paper was marketed at from 63, to® percent. Foreign exchange was active and strong, and leading bankers’ rates were advanced to 484, for sixty days and 4.88 for short sight. sales were made during the morning at 4.83 and 4.86%. clal sterling was scarce. THE FORKIGN MARKET. London advices reported consols steady and American securities dull and heavy at the open- ing, but at the close consols were weak and Amer- Erie was weak and Central steady. The increase in bullion in the Bank of England for the week was £209,000, and £10,000 for The proportion of reserve to Habilities of Baok of England is 4734 per cent, against 483 Rentes at Paris were easier and de- clined to 58f. 16e. The bank of France gained 13,248,000 francs during the Week. Pmces in Am- tollows:—Central Pacific first mortgage bonds, 84 a 84%; Union Pacific first mortgage bonds, 744 a 7434; Northwest preferred, 62%; St. Paul preferred, 62: SEECERUCECHEEUEREE = z ican securities firmer. SSEEEE sterdam were as Union Pacific stock, THE UNITED STATES TREASURY. The balances in the Treasury at the close of busi- ness to-day were:—Currency, $2,920,514; apectal deposit of legal tenders jor the redemption of cer- tiflcates of deposit, $44,000,000; coin, $85,591,344; including coin certificates, $45,778,000; outstand- ing legal tenders, $382,067,337, a decrease since yesterday of $234,900. The internal revenue re- cetpts to-day were $188,000. The custom house re- ceipts were $295,000. The Assistant Treasurer paid out to-day $110,000 on account of interest ana 32,000 in redemption of five-twenty bonds. GOVERNMENT BONDS. Government bonas closed firm at the following quotations:—United States sixes, tered, 117% 117%; do. do, do., coupon, 1184 a 118%; do. five-twenties, registered, 113%; do. do., 1862, coupon, 114% 2 114%; do. do., 1864, registered, 116; do. do., do., coupon, 116% a 1163; do. do., 1865, do. do, do., coupon, 117% a 117%; do, do., do., new, registered, 115%; do. do., 1865, coupon, new, 11634 a 1164, ; do. do., 1867, registered, 117% @11734; do. do., do., coupon, 117% @ 117%; do. do., 1868, registered, 11614; pon, 1173; do. ten-iorties, registered, 112% a 1133; do, do,, coupon, 114 a 11434 ; do. fives, 1881, coupon, 112% @ 112%; do. six per cent Pacific Railroad, ZESESCESESESESE 100 Maryland Coal Co. 900 Wesi Un Tel you registered, 1164; do, do., do., cou- declined from 111% to 111, advanced to 111% and closed at 111}. The rates paid for carrying were 5, 534 and 4 per cent. OPERATIONS OF THE GOLD BXCHANGE BANK TO-DAY. Gold balances... Currency balances., Gross clearances... CLEARING HOUSE STATEMENT. Currency exchanges. Currency balance: Gold exchanges. Gold balances. RAILROAD BONDS were firm. Central Pacifics sold at 96; Pacific, first, at 8534 @ 853¢; land grants at 81, incomes at 78; Chesapeake and Ohio, 60% @ 604; Chicago and Northwest consolidated, 92; New York Central of 1887 at 90; Erie, third, at 89; do., fourth, at 97. The following are the bids as amended at the call:— New York Cen 6's, hg 9h: shit New York Cen 6° oe Chie 2 Re ae he 100 bd, i Rates SSUEESEE ; g ro 825) ES at S oo Behe se A tenet a8 rs > o ke 1 se Sri * 3 ‘¢ 25: 3 a # Ce 3 a SQUTHERN SECURITIES were quiet and unchanged, the quotations being as reported yesterday. HIGHEST AND LOWEST PRICES. The following table shows the opening, highest and lowest prices of the day :— Isl * Milwaukee and St. Paul.... 48% Milwaukee and eerie Paul pret ae The following are the earnings way Company from January 1:— of the Erie Rail- For hts ail ending Decem- Previously reported: ne earnings since Jan- Increase for week. Increase for two weeks to dati SALES AT THE NEW YORK STOOK EXOHANGE, Thureday, Jan. 22—10 A. M., Befo: MW shs Han 4 StJo RE it 4 10 Kan be opty RR pf. iw . 2 600 Tol a was Ri?) BS 100 shs West Un Tel, 100 do. OSes: are zy ESees +4 S Ss Chi & NW i vt al a r3 we ‘BSSrSsEecE ff 10:15 amd 11:30 A. M. wa Uae 50 do. a a N16s_ OW UE Bs, c, ey eee une A. Me Sesane 400 shs LS 4M 8 RR. 1000 do. 33 000 is b id 1000 1600 78 500 on uh 1000 200 ° ‘000 ian “ Bi 19000 wy 700 a 5000 85° 200 Brie Hit a 20 100 1000 41% = MB SS 3000 os io a 7 SOU 935, 700 Pan: MS 1000 91” 300 Un Fac RK Es Bo StL > 9 100 “DS. 5) 2000 C, G gx lw 89) 5000 Tol, : 1500 & gh 13 no S 25 Bost Wi 1% 900 500 Un Mt 8. 7w : 8 100 Amer 4135 300 558 100 NY O& ou Be 3 lwo do 100, 36! Imo do. 1a 20 K 35 i 1k ioe % 200 ie Obi & NW Ri. 61 1000 w . 6h 500 i Ble wo a 1 6 199 Adams 4 bo TW KzZO Fer c! i: go} re a 7 @ 2. sone do. : Mil & BtP RRpibe do. -b3 = SESESEESTEESEESEEESES ese EEESES BUReeEt Ese EEE Ee = So. PN ry fee £e 12:30 P. M.—Before Cail. 13 shs D4HCan Co. =a aol heed Un Aya RR. ..88 By Fs ig do: 100 Chi & NW RR pf. 200 Chi & BIRR... Second Board—1 P. M. bc ‘Tenn ee olden 6B ih mata mere 1s 2000 NY Ce: 9 ao. % lwonaNw kines oo { MOCMLANWREpLDS 72) IS NJ Cen BR... 1 85%; 100 LS &M 19 i a 7 7 9 793 8 79 m2 Fi 140 34 i b a et 36 8% 847, 61 YA wu be 68h¢ +. 3 100 7 3 DS 75} 34 oo Hi 3S ou BY ry ow -. aK # i 400 Thy 300, 587, 2100 63 53 Jon voal. 45 SYCSURRRGS 105 20 do. , 10435 500 10 100 100 Ct 800 400 1100 a ay | Le Adams Express 934 a Welly Bargo Kix wa a 78 Ex.. ‘ 6L OUt_ Cotton Easier—Flour Dull— Wheat Firmer—Corn and Oats Not Materially Changed—Pork and Lard Dull and Easter—Sugar Dull—Coffee Quiet bat Firm—Molass: Quiet—Petroleuam Ac- tive, Excited and Higher—Spirits Tur- pentine Dull—Rosin Firmer—Whiskey Qute TaURsDAyY, Jan. 22—6 P. M. The state of trade was about the same as yester- day's. The unfavorable state of the weather was a decided check upon mercantile transactions, the fog almost preventing the movement of produce about the harbor, rendering lightering extra hazardous. Business in produce for export was accordingly limited, the market remaining quiet, but comparatively steady. On ’Change flour was dui Wheat was firmer, with light offerings and a moderate export inquiry. Corn and oats were without decided change, Whiskey was quiet. Pork and lard were dull and easier. Votton was easier, both for “spot” and future. Petroleum was active, ex- cited and decidely higher. Prices at the producing pomte were also advanced. Spirits of turpentine was dull and nominal, while rosin was tn fair demand, and the market was firmer. Sugar was dull and nominally unchanged, Coffee quict, but very firm. Cortox on the spot was unsettied and lower, the mar- ket closing weak at a decline of ‘xc. per ip. for all grades. For future delivery the market was excited and irregu- lar, closing weak at-a decline ot fully 3c. @ 3-160. per Ib. bs Nog ore Alabama, XV. Orleans i Sood ordi ie tt 10 ‘Strict b 16 316 15 3.46 Low m tng 15} 153 Obod midiing. a i m . —=The qpovatigny igptore runny Lp aioe quaiity not more than haifa grade above or below the Grade quoted, Tho sales we 1,268 ty (basis iow midutingy the sales have three o'clock — Litc.. 400 been a4 follows :—Last e oy, wat s april, 1) at 6 5 306. 0 BL AT 1-16e. 5 ice Tash 100 at 17: at anus ‘Total, 4,400 bales. jew ae 15 oe ar tag isis ati Be sur. ork, 3 2B hia, 139. bales. ins day last wel n por This aa goto ta Hats 0 ‘oreiy Nee. Se tae gold, ands inclades Pious ann Grain.—Receipte—¥lonr, vet fi gl 5 core, pd 10. 5 bag meet 200 bola 32,525 bi he flour ‘market tuled de Tal there was no decided chan; cluding all kinas, The sales, bbis. at prices within jaotations. Buckwheat flour was quiet and Wa $3 tor State, and $3.6 0 tor Pennsylvania por 100 ibe, Cora bbis. sold within the range of $47! 3 a $60 ster sia Round hoop Ohto, shipp! ian hoop Ohio, trade brands st ious straight extra. St Louis, choice double exira St Louis, choice tamily, ia. Seeressereas) *FRSESREEES CLSSSTSSESTES ica sec eunenasae ine see SSreyeseess ssgeeseseseues ~Wheat was in moderate demand, but with slight offei ings. The market was rather $100 tor prime No. 2 Chicago in store and Milwaukee. ihe sales were aboot 115,00) bi $1 53 a $1 Gv for ungraded and No. 2 Chicago, $1 60 tor a line of No. 2 Chicago, tii ‘store, $1 61 lots Milwaukee, $1 @2tor Wheat quiet and in light supply. Corn was quiet, vie ‘The sales since last report foot up about 150, Dushels, at Sc. a 8c. for new mixed, 9c. store, a a — tor do. afloat—the latter eu extra et tet and Tress gern Cope he Feved es ls, at 600. for do. afloat and 60c. Sales 600 bushels of State at $1 80, 600 bushels Can: rime Canada quoted at $1 $6. Bye—No ¥ Te isa boen comparatively. little ac- complished in berth freights to-day and rates exhibit no material change. Quite a large business was eonstm- mated in the chartering line, the inquiry being mainly Yor suitable vemols for petroleum, rates for which were not essentially altered. request, but we could jagements embrace rashels of grain (relet roo claot do. (eelet) at La, por 8) ibs, @ boxe 1000 Bales of cotton at 7. b bacon at 338 ‘@ $1 G2 for car LL loads do. in store. ‘a gle. tor white, Harley grain were in light ansactions, The en- ‘0 Bir wy ee Oe aid at, nae. Poo unis’ ‘tet charters inciudé:—A 000 bbls. of refined pe- am, 50 boxes bacor 16,000 bushels. of grain trom sty Ae flour wt Se. 4364. 200 d tierces of lard’ at 47s. 6d. German bark hence to Bremen, troleum at 6s.; another with 2,600 do. of do. do., 0 and rata an Americyn bark hence to axes of refined ao. on pI hence to Gibraltar tor orde: 00 eases of do. ak .; an Americau bark, 460 tons register, hence to Ma- lage » with an assorted cargo of stores, said to be at pre- Fates; a British ship to arrive trom Phila. deiphia Sto ‘8 Continental port, do. rosin at 3s. 6d. Be outta, wi isilan bark, bbls. of refined do. at 7s. and 300 Tol.& Wab Ri. ot 400 Unio & Miss RRL. 3434 do.. Ag Be 84 ve 8134 is do $135, too Pac RR of Mo. Bide IStba Kan ORES 2:16 P. M. $500 US 5-20, c, ay _ L 10000 US 6-20, ©, "07 iss 6000 US 10 100) US 6's, cur of a British bark, to arrive from do., same voy: f refined: a Norwegian bai port, 4,000 bbis. of retined do. on terms; a Gerinan ship, from. 89. to Bremen, 7,500 refined do. at és. 1 to Bremea or Hamburg. 6, 200 bbls. of to a Contivental from arte refined do. af 6. Moi pod ina jobbing way, aud prices pestey! ae it wes held with contidence. e js. of Cuba, 89 hhds, of 836 do. et ft toglish, Tsiands and 9000 New Orleans We note sales of 120 bbis. of New Orleans A quote :—Cuba, centritugal Block thin date. Porto Rico, at prices within the ran covado refining, 21 Porw Rico, goers thc. a Goce, allold crop, New crop. New Orleans, Ge. ‘Naval Sroes,—For spirits of turpentine the market was dull, there being no disposition manifested to operate. Merchantable order offered at 49c., without finding pur- ate ate to the contrary, ¥ irmer, ‘aiued cl ing at B00 bbls, of strained a8 & sto iros-bouud bois ees mined et $2 60, 1.200 bbls, of No. 2 at $2 75 and Too bois of pate aes 75a $4. Tar was Pitch ‘nominally + was in good request and rs nity ‘ttehding the funeral of their late paola, Mr. Russell Bunce, a gentleman much opera had the ploastir cited and higher, ‘clone at ge 8 balance ot month. standard white, for for February, at 14! $000 bois. for first the market was active, promot Tislivery. at laze later 3,000 te 90. a 20c., cording “to ser of R00 fs not rm ance of month a a At the oil produc erally quiet but decided! $1.0, ara 1 ville, Pnoviiroys.— Recep beef, 50 packag Yard, none,” The marked tor mess pork was quit and Briger lower, closing heavy. The sales in- DbIs. of Uninspected, on the spot, at $16; 1,750 ted at the clove Bacon was dull idaten, 80 boxes of short clear spot ea sf long and short clear, for January. ie 1 ee nts ‘the biel were gen- Tr. F ‘ker's $1 Dior Union; Kouse- bola om new mess, for 4 spot of, 6S5c. Tie. Hate ne coutinued slow and coniined to the require: ip about Ot packages at for, plain mess Dbis., 13 20 for extra, most time, meas erces, $0 for extra, India Then Be cos ranging {rom $24 to for Western. Cut meats the demand moderate. she pickied shoulders, at 7%4c.. 1.000 smoked ckied hams, 14 ibe. & bers. The sales toot uj re ga the ao e of average, on private terms. = doll and es, medium sed Pee prime Racine the market sales repo of 500 tierces or off arade a9 at on March} elty gold to the extent ot” 60 Aon. —Market quie = es of Carling of Haugen at ic. & repens SEINE SEN ne: tae ra att and entirely in thes ge, Tea saiee FS ‘ange of 130. Yige, 8 Pee, per lb, ahd 129° Bold, ‘oF 2 ‘ges fo dard “A's” and fssars: Watt, Gregntou & Morrison, of thiy date sum up as follows :— (ascertained by actual os uary i vepecula- computing sit tiack’ Jain. it i873. ou a 8%. ic. Java—Duich at ouch Ne ils—Superior snd extra 'supertor, 7c. & c. STEARINE,—The market was Poy td but firmer. We of 50 tlerces at 9 5- TaL.ow was quiet and notarial The nales foot wp abou ‘ee. & Ti4C., accord: nraxet.—Recetpts, 904 bbls. The market was quiet. We have only to note sales of 50 bbls. at 99)¢c. DOMESTIC MARKETS. Cotton firm; demand peners ordinary, Lie." Net receipts, 4 Sales, 6 ‘stoc! yw middling, 14: Be Sioat Britain, 588; ol ry, f A. Ex) onde iy ys yell 290. Sales, 4500; tinent, (42; to Fran lastevoniag, 00, Stool ‘an. 22, 1874 Cotton ‘ion middling, I5i¢c atone Net cry reoelpea, tir) ok vous NEW YORK HERALD, FRIDAY, JANUARY 23, 1874 —TRIPLE SHEET. Yast this compuny leased the New York and Har- lem road from and smeluding the Grand Central Depot north to Chatham Four Corners. Conse- quently the earnings of the Harlem road for the six months from April to October should be tn- cluded in the report of the Central and Hudson, Are they? The New York Central repors for 1872 as follows:—Miles of road leased, 104; in 1873, 118, an increase of only 14 miles of leased road The Harlem road of 133 miles, there- fore, cannot be included in these figures. Conse- ig mot to be supposed that the earnings were. But company paid Bavanwan, Sau. opus cape ciara 8s: ole Ease: the & Exports yal, S306; ontinent, Canzaron Jan. 22, 1 Cotton easy; middling, 15%c.; low mitdiing, ities a Wife. : serict good ordinary, 1a. 3 Ke. dict recet pty 2.204 bales. perts-To Vi rrance, |. tse, TH. “Sales, 1,300, avon, NO. Jan. 22, BTA. Spirits of tine duilat “ange, Heosiny ty a for strained ; $2 0 for No. 2: $2 5) for Ni oars Bentine drm ; $2 tor hara ‘and $3 for yellow dip. Tac dua SWEGO, Jan. 22, 1874, Flour, steady nates of “1,500 Doin si $8 iar Nett for ammpor winter, $9 9 for white do, abd $i ior RUD Sete. Wheat gull aaies of twocare Net Mit qeuikes clad at $18 Corn unchanged: sales of 200) bushels, in car lots, at 8c. Oats nom inaliy ‘500, w Slo., on the track. tor State. Barley quiet; the last sales werd ay $i BY for uplake Canada. Corn meal—$1 65 tor bolted 1 0 tor ambolted. per owt, Mullieed janchanred dirt ‘S21 a 823: tbloaiala, $25 0, $24 ae #258 er ton. Railroad —Plour to Phil Ip dnd Bowons oe to New York, die; t0 Albauy, four Cas Spt I Imports, for the last twenty-four houtsKiour, 8 bbis; wheat. 74,400 “bushels: 1,496 do. ;' oma, 44,00 do. , sectaet 2,050 do. Maal snfpments from city ele vators—2,450 Bisa -—T wheat. Flour quiet; Western ground Bo: pekers), $7 35 a $8.25; Hiner 368 680; wh White. 60. Wheat nominal; the disaster on the Buffalo ‘iver ‘and loss of property by ‘ot business; Milwaukee t $l 52a # & tenes to white winter, St 10:4 81 16 po tpt pan ms eres $1 ey inate quiets Gataas, $1 cites Bye nominal: held at h ox ig. Other articles gee ‘OLKDO,, 1878. Fionr dull sna mechan; Sm Wheat duil aaa mpaunal si CA M TA Coro dull and February, ido. corn and 4,000 do. Oats. oe OA cuicago, Jan. 22, 1876 : Flour dull and nominal and dealers apart Whe: steady; sales No. 1 sp at $l 2359, No. 2do. at $I ensh ; $1 23% February, $1274 March: No. 3do., $1 aSl 17%; rejected at $111 8 $112 Corn opencd 1 but closed dali and lower; sales No. 2 mixed at 57% ; S6igc. May; new No. 2 mixed at Stee rejecter intale + ry ‘ording to és key dull an rat ige- Pork ull und lower: cash salen ominaliy at si¢a S14 10; sales February. at $i¢ 10 Bitlis; at Be $146) » $14 | closing dull at inside lo figures.’ Lard opened dull and lower, bat closed steady a a Facdg) cash s ese Februar’ J March. Bulk fees stonty ulde: ¢.; short rib middlen, Tage, anor clear middles or loose, Green meate—Shoulders sold at 5440. short Hib muldies, 4a. Haws, 16 tbs. average, C4 ‘age. Dressed hogs Recelpts—0,00 pbs. flour, 158,000 bushels wheat, 60,000 do, corn, 36.09 do. oats, 2000 do. rye and 9,09) do. barley. Shipments—13,000 bbls. ‘flour, 115,000 eatels wheat, $000 do. corn, 17,00) do. oats and 8,000 do. bar! EUROPEAN ‘MARKETS. Lownox Monay Manxer.—Loxpow, San. 22—12:$0 P. M.— United States fve-twenty bonds, 1867's, 108: ten-torties, 1W6}s, Erie Hallway shares, 4434; New, m yank Central, a1 SO M—Erie Ballway shares, 30 8, iiway, aren, ‘way sharsa, x 8 rie 43 a 43g. 4 P. M.—Cor meoie tor wanes me the account, $255 a 925. United States fve-twenty bonds, 1367's, 108'4; new fives, 102%. Krie Railway shares, 434: do, preterred, 70. Parts Korkax—Lowvox, Jan. 22—12:30 P. M.—French rentes, SBE 230." 1 ¥. M.—Bentes, 63 I7¥e. 230 P. M.— ntes, 58 Puatkron? booRse.—Pranxrour, Jan, 22 —United States fiye-twenty bonds, 97% for the issue of 136), Liverroor Corton Marxat.—Livxuroot, Jan, 2—6 P. €.—Sales.on the basis of middling uplands, noting below Good ordinary, | deliverable April, at, 8. cies Un tne badis.of waiadting uplands, noth § inary, shipped Febrnary and Murch, a rg" ‘ do. do. verable February and March, ‘at 7 15-16d. ; do, Socing below ces deliverable March _an ADHL at Sa: ‘The market is dull and unchanged. Sales 10.00) bales, including 2,000 for gpeculation and export Bales on the basis “of inidditag Oricuns noting below ood ordinary shipped December, at 8%. Of the sales -~day 6,000 bales were American. Lavenpoon Bagapsturrs Manxtt.—Livenroot, Jan. 22— 2:30 P. M.—The market is quiet. Javgaroor Puovisions Manxer.—Ltranroon, Jan. 22 P. M.—Lard, 438. per wt ; pork, 68, 6. per bbi, for new mess, DON Propuck Marger.—Loxpox, Jan. 22—Even- i | tpg —ad oil opened at £29 a £29'3s and closed at er fon. Common rosin, 7% a Te Sh per ewe Spirits: turpentine, Sis, td. a Sa per cwi. Prrrougux MARKer.—ANrwunr, Jan. 22—Petroleum, S2igf. tor fine pale Americ FINANCIAL, DRIAN Hl. MULDER, AUCTIONEER —BONDS aT auction —ADRIAN MULLER & SON will sell at auction on Saturday, Cs 24, at 1234 o'clock, at the Exchange Salesroom, No. 1IL-B iL Broadway (or account of whom it concern), wanna and Bloomaburg Railroad Company: Stee mortgage 7 per cent Bonds, due 1885 (this road having been consolidated into the Delaware, Lackawanna and Western Rallroad Com: pany, makes these bonds equal to Delaware, Lackawan- na and Western first mortgage bonas); $10,000 Houston and Texas Central Railroad Company's first mort 7 per cent gold Bonds of main une; $10,000 Warren Ratt. | Toad Company's “second mortgage Tbe cent Bonds, 1,900 (this being leased in perpetuity by the Delaware, Lackawanna and Western Railroad ‘makes these honds virtually the same as Dela’ Lackawanna and W ern Kailroad’s second mor 1d), T REASONABLE RATES—MONKY ON LIFE AND Endowment Insurance Policies, Mortgayes. and other Securities, Insurance of ail kinds effected With best companies, J. J. HABRICH & CO., 117 Broadway. AW” —LAPSLEY & BAZLEY, BROKERS, 7 BROAD. . .—stock and Gold Privileges; also Double Priv- Id. All contracts signed by mem- jock Exchange or responsible parties. Stocks Bought and sold against these ‘contracts in piace of iar fin, enabling persons of small means to speculate, with Burst ‘iitle circulars mailed to any ad. PUTS AND CALLS $10 70 $10 INVESTRD IN .Tihenp oven, pays $100 to $1,000; the “only rate method of operating ia Wall sireoi, on Hinited capital. rally explained in aon Pamphlet, mailed free to any ross; orders exect VALENTINE TUMBRIDGE & CO.. Bankers and Brokers % Wall street, New York, A WHASKINS & BRAINE, BROKERS, 1 BROAD + street.—stocks and Gold bought and sold for cash or on margin; Privileges negotiated on responsible firms, which can be used as cash margin, thus ensbling any one with snail capital to specuiste with little risk. 2:x- natory circulars maile YOUNG LADY OF CULTURE WISHES TO KNOW it some honorable gentleman of means will confiden- iiaity loun her some money; references and security can be Boa nd references will _be roux Lif Herald Uptown Branch oftee, LADY OF CULTURE DESIRES THE LOAN OF $200 trom an elderly gentleman; one worthy of con- dence will not regret It: reference, fand security. Ad- dress TRUTH, Herald Up tof Cesar No WAREHOUSE COMPANY a NEW York, No. 29 William st., New Youx, Jan. 12. 1874. Board of Directors have this day declared a quar- (eed dividend of 234 per cent on the capital stock of the company. payable on ‘and atter February 2, The trans- fer books will be closed from January 31 until February Ly JAMES CLYNE, Secretary, |LEVELAND, “COLUMBUS, enh aa AND IN- dian: Pan a Railway Compa ere ders of the | above roa Uigepal its kao iy Atienticand Great Westel and toa direction in m pan the interest of said Muantic ahd Invited to send, thelr proxies tothe undersigned, Lis LAND BROS. & © Nassau street, New York, or J. & FERGUSON ay Pine street, New York. Blauks scnt plication. NOR SALE— fe Ne ‘oar CLASS 7, 8 AND 10 OER CE City and Mounky Bonds, Se Ait oc ity Rafiroad Stocks, and other choice Stocks and ee payrng 10 to 2 per t the lowest market rat Con at the lowest mA TENT ft. NICOLAY & CO, No. 43 Pine street, New York. B.—Investment it Securities ot our specialty 22 years, ERSEY CITY SEVEN PER © CENT BONDS. 2 Cy Sian poppe eee oe issue of these bonds ‘and personal estate of the ctty 18 S pemstast Payment ot both principal and interest. As a sate and reliable investment there are really no betier bonds. A small amount remaining un- DANIE! ORAN, 40 Wall streat, NICKERBOCKER FIRE INSURANCE COMPAN of New York (established 1787), office 64 Wall street, New York, Jan. 8, 1874. —Ata@ meeting of the Board of Directors, held this day. the usual semi-annual dividend er cent was declared, aiso an extra dividend of vi recent both payaole on and after January 15, 1874, Mine sranater will be closed from this date unt! the AD Sj OgRPH L. TOWNSEND, Secretary. ERCHANTS OR OTHER RI ABTIES MP havite iweilities for tn TIE fe paper can be accommodated with emounts to suit on favorablé vermis Address DISCOUNT, lierald ptown Branch oftice. Pr AND. enn at tee ¥OR 10 SHARES for 100 shares Western road, are state: Fledged to $100 lowest quotations from market = Two MSON & © ARTIES HAV ING GOOD MORTGAGES, FinaT oR on ¢! improve roperty, Ww! nd it te iheir advantage to call on SAWARD & LEAVITE, ot Wall street. ipl! GOOD FIRST AND SECOND MORT- ee for sale, at aes del in sums of $3,000 to all city pro) a principals, ote «& ELLIO’ ‘wentieth street and Fourth av. Wall street St T, JOSEPH AND DENVER CITY BONDS BOUGHT i ¥old; Stocks, Gold and Bonds carried on margin; Miscellaneous securities, WILLIAM WARD, 3 Broad st STOCKS, BONDS, &C.—LOANS THEREON FOR fixed’ pertods at moderate rates up to 10 per cent of market value; deposits, received: 7 per cant ‘interest allo co ON & CO., Bankers ai Wall street. XTRANGE BUT TROB—PORTUNE FOR THE ENTER. prising one.—Just discovered, after many years of re- search, the means of winning constantly and infallivly tte; will be shown by as jong # series of exper | a as desired; Sanaa 000; only serious parties, rovin wi f onoe of $hN0, will be no- Roe; must go with. us Europe; useless to attempt to catch that secret. ea uiars and interview Write with rue name, and Mddrew ABSOLUTE DISCRE- , box 80 station D, New York. wre LOAN-ON BOND AND. MORTGAGE ON FIRST class city Property only, bray on, 89 poages Sequired. OS, 69 Wont twenty third street. RUST FUNDS TO. LOAN ON BOND, AND, MORT- T gage on Now York clty awellings preferred) in. sums ot ra: ionon, Rs anrsorney' "s pines tor catch giles et LGN DE E, 9 Pine wer D—~$4,00, AT 7 PER ORNT. FoR pos on pean { ggoma anpy Zoe nddrons J. W. PULLEIBS, Duats $10.000 Foe fats tid Provery se DEN, 47 William + $95.000 rel ent ‘on city real ‘estates $75,000 tor city Se: egg Morsyas agen ors Seas ~ COPARTNERSHIPS. Wires JAN. 22, 1874,—1 “HAVE THis day sold uy stock and fixtures to Apirew mene’ fascia ssall tian NEW YORK CITY NATIONAL BANKS, + Abstract of Reports to the Comptroller of the Carrency—Resources and Lin~ bilities, WasaINgTom, Jan. 22, 1874 ‘The following 14 an abstract of she reports made to the Comptrotier of the Currency, showing the condition of the national banks in the city of New York at the close of business on Friday, the 26th of December, 1873 -— RESOURCES. Loans and discounts Overdrafts.... .. 643,: hese States bonds to secure circula- 101 858,160 United States bonds to secure depostta bagged United States bonds on hand 8,286, Osher stocks, bonds and mortgages bert Due from other national banks. 13,087,853 Dae trom State banks and banker 2,170,008 Real estate, furniture and fixtures. 6,524,088 Current expenses. - ‘emiums paid.. 850,! Cheeks and other cast tems. + 2,899,583 Exchanges for Geanng. House, ~ 45,782, Bills of other nationai banks. . 3,614,16e Bulla of State banks see Pst Fracuonal currency.. Z Specie.......... Legal tender notes, United States certiticates’ of deposit for legal tender notes.. 14,030,008 Clearing House certificat 1,130,000 Whee acenmessese es sees 00 $36,688,208 LIABILITIE: Capital stock paid tn. $70,235,000 Surplus fund. . ‘21,711, 208 Undivided profits. . 12,849, 788 National bank notes outstanding. 2, 519,850 State bank notes outstanding. 125,07 Dividends unpaid... Individual deposits. United States deposits. Deposits of Onited States disbursing offi- cers .. Due to National banks, . Due to State banks and bankers. 18,608, Due Clearing House for loan certificates. 1,906, Total........... Number oi Danis, THE UNION TRUST COMPANY. + No Result in the Efforts to Capture Care ton, the Detaulting Cashier—He Is Bo- lieved To Be Belgiam. There is no doubt that efforta are being made te find out the whereabouts of, and, tf possible, arrest William Carlton, the late Secretary of the Union Trust Company who, it will be remembered, absconded at the time of the panic with something’ less thaa $400,000 of the company’s bonds, The ofmiciais in the company do not believe that Carltem got away With any large amount of the sum with which he is credited, as it 1s believed, and, indeed, proved that the main portion of {t was lost in Walk street gambling. It is felt by the officers to be de sirable, however, to arrest the defaulter, to = out, if possible, who Were his accomplices in the theft and to discover with whom he moceiees the bonds and money stolen as @ basis of speculation. When Cariton fatied to return te his office no great efforts were made to fin and it Was asserted by detectives and oth he qutetly remained his house in Broo! several pee alter his frauds were discover that had there been any desire vo tid nity it woul have been very easilydone. This circumstance was taken as a proof by many that Cariton wag merely @ representative swindler in the matt and that he was allowed to escape on pi being to the interest of some persons ae oe id be pie of or way. Subsequent revelations: Coe dgpecees transactions in Lake Shore bonds lent a color to the story, and it neeugenod whether this was the reason or not, great ni was displayed in allowing Carlton to roam aroun Undisturbed for some-days after his defalcation was discovered. lt ismow believed by the present oMcers of the company, who appear to wish this mystery cleare@ up, that Cariton is in a ee and that with ener. feos efforts he may arrested and brough® k to this country. Ii is not thought, however, that any portion of the sum for which he is a de- {autter will be recovered, and evidences are at band that Carlton left New York in Pon pe | a Pore teat i ok ote cmp ae porter a day, and, beyond these facts obiained front eome of the officials, nothing will probably be kno" unless some actual arrest taken RY ia even considered a matter of certainty that Car! isin Belgium, and the probabilities are that if was not caught when wandering around New York there is but a small chance of peiaaing btm from @ country with which no ext exists, The new officers will not even assert strong efforia have been made to arrest Oaritom, though it ta known that 4 detective has been am } ployed and is now on his way to Europe. THE REVENUE FRAUDS. The Private Books of Prominent Firme Seized by the Revenue Officers—The Prizes to Informera—The Names of the Firms Kept Seeret. , Within the past three months a large number et prominent importing firms in this city have ha@ the misfortune to fall under the suspicion of the Internal Revenue Department, and in some sevem or eight cases the authorities have gone so far aste seize the books of the various houses with the ime tention of proving that the firms have violated the Tules of the Custom House. !t is well known thas the Internal Revenue Department offers a rewara@ to tke informer in such cases as this of a ful Moiety of the sums recovered, and it is generally asserted by merchants that this incentive to cor ruption has in maby cases caused untold disaster to the houses which have been informed upon, Indeed, this matter was made the subject of a Special memoriai to Congress from the Chamber of eommerce at the Janw monthly meetings wherein it was complained that the most well do and respectable firms in the country were made Ce victims of this system and plans were d which would protect the government ag well as anord fair dealing to tbe importers. Some three weeks ago the ks of several of the | largest firms in the city were seized in this man- ner, Without any forewarning or attempt at 6x- planation, on the oe that they had de- frauded the revenue, On Tuesday last the of the house of Robert seratners, No. 66 te | street, which is in the lace importing business, were seized in the same manner. Mr. Struthers yesterday stated that he had not the slightest idea | why this action was committed. It has become ) notorious that the main portion of these on plaints against prominent houses come | clerks who have been discharged, and who in oe manner revenge themseives, all the examina- tions in these cages are secret, eaiees.t the matter comes to & public trii which happens very | seldom, as, Where the charges are proved, @ comi- promise generally takes place, so in the en@ the matter seldom comes to publicity. At present there are a number of firms who have had thetr books seized in this same manner, the names of whicn are refused for publicity. IMMIGRATION INTO NEW YORK The Influx ef Strangers st This Pert During the Last Quarter, According nee the Bureau of §' WASETRatON, Jan. 22, 1874, Official returns made to the Bureau of Statistics. show that during the quarter ended December &2, 1873, 44,789 immigrants arrived at New York. Of vhis number, 24,699 were males and 20,090 females; under 15 years of age, 11,223; 18 and under 40, 27,583; 40 and over, 5,983. Died on the Vo} Br etie total arrivals, 5, from Scotland, 1,292; Germany, 21,487; Au way, 207; venmark, 673 bagy 8! land, 783 Spain, 64; Portagal 2 Ital} tana? Bel- gium, 67; Holland, boos Botan wg 32; lang China, 4; Jal ‘3 : Sootia, 6: Newfoundiand, 3; Mexico, 2b: dont America, i brazil, 10; United States of Colombia, 1; Ver ; Chill, 1; Peru, 1: Buenos Ayres, 2; Cube, 465 boro Rico, 1; St. Cro! 18; oy Domingo, 4; a eee 10; acca, 2 13 Bermuda, Malta, 1; ‘amet? i nian tt Persia, 3; "Armenia, 23 1; Egypt, i Zealand, 6 Born at sea, hy ‘rhe Immigrants represented 277 different ocou- pations. FATAL STABBING AFFRAY, CINCINNATI, Jan, 22, 1874 About half-past one this aiternoon a fatal affray occurred at the corner of Thira and Plum streets, between Mr. Merkel, a druggist, and Andrew Mil- ler, agent of the Atlantic and Great Western Rail- road. It seems the men have “OHO tae on ni ae terms for some time past, {vernoon the quarrel was + ag ater a8 lied an offensive epithet to steed taitioe ti the drew # long Knife and in the apde- Wen, CoUBIQg lus degbh ja a Law pemente.