The New York Herald Newspaper, January 30, 1874, Page 9

FINANCIAL AND COMMERCIAL The Government and Its Currency. HOW Tro PAY. The Condition of the Mar- kets To-Day. MONEY EASY. Gold Steady—Government and Rail- road Bonds Firm. WALL STReet, } ‘Taurspay, Jan, 20—6 B, M. It 18 gratifymg to observe that there is yeta force in Congress which stands bravely up in oppo- Gition to the idea that im order to make the govern- ment successful its Treasurer must continue to pay out greenbacks, The subject of finance is necessarily complicated, involves many proposi- tions, and in its mystery is apt to mislead the ordinary mind, But let us for the moment simplity thought, to the end that the public may under- @tand the situation. The government is in THE CONGITION OF A MERCHANT who has two classes of obligations to meet. First are his demand notes or due bills, familiarly known as legal tenders; second are his notes or bonus which mature at a future day. It is with the first, however, that we have todeal, If they have not gone to protest it is because of the im- plicit faith of the creditor; yet the fact is never- stheless apparent that tne government cannot pay this debt. How shall it be done? The answer 1s simple enough, First, stop further payment from the so-called $44,000,000 reserve; second, CUT DOWN EXPENSES to their lowest possible limit; third, foard gold and forbia the Secretary of the Treasury parting with a dollar except, as provided by law, for the payment of interest on the public debt and the increase of the sinking fand; fourth and Qnaily, separate the government from all responsibility for legal tenders and from everything that savors of connection with banking processes. We have already indicated the method by which this may be done. The process is a simple one, and is covered by these points:—The issue by Congress of YOUR PER CENT GOLD BONDS to the amount of $400,000,000, with fifty years to wun. 2. Free banking, with exemption Irom taxa- tion on bonds ana circulation. 3. A privilege to every capitalist in the country to buy these bonds snd issue in bank bills ninety cents in currency on the dollar to the extent of his purchase. 4, The government to cancel legal tenders to the amount of said purchase. Now for the effect. 1. The gov- ernment will become what it ought to be, a mere loaner of money, not a regulator of currency or a disburser of paper promises The banks will take ats ‘place as the representatives of THE MERCANTILE INTBREST. On them and them alone will depend the pro- cesses of inflation and contraction. These will waturally obey the laws of trade. 2. The govern- ment, quietly, gradually and without convulsion, ‘Will relieve itself, through the new banks thus formed, of a great existing obligation, and become simply a bondholder, a holder of securities repro- senting the circulation of the country. 8. There ‘will be no interference with existing institutions: nota dollar subtracted trom the present circula- tion; not @ bank forced to change its currency, except as a matter of choice; not @ disturbance ia ny financial circle. The change suggested is a ‘work of years—two, three or five may pass before there are $100,000,0g§jpf legal tenders retired, but, nevertheless, every dollar thus withdrawn is an addition to the governmental strength, a retire- ment of government obligations and an addition wo the Treasury in gold or itsequivaient. The pro- ject of Mr. Maynard, introduced in Congress a day or two ago, looking to ® possible redemption of $2,000,000 per month, after a certain time has elapsed, is simply a confession of weakness. It meuas nothing but a request from the government to the"peopie to wait—the talk of a man on his bankrupt legs who prays from his creditors “more time |! THE MONEY MARKET. Money continues to exhibit great ease, and to- day was again quoted at 4and 64 per cent on call. Mercantile paper tound ready sale at 6a7 per cent. Foreign exchange closed aull at $4 8334 a $4 84 for prime bankers’ 60 days’ sterling, and $4 87 a $4 873 or demand. Gop. Gold sold up to 1115 @ 111, but closed at 111%. Speculation in this department evidently waits on the action of Congress, and until a decision is reached with reference to the purposes of that body we need look sor no more active changes than may be caused by the temporary operators. The earrying rates were 5, 43¢, 4, 5, 6 and 3 per cent. THE UNITED STATES TREASURY. The balance in the United States Treasury ‘at the close of business to-day was as follows:— Currency, $3,290,614; special deposit of legal tenders for the redemption of certificates of de- posit, $44,445,000; coin, $87,128,695, including coin Certificates, $45,690,100; outstanding legal tenders, $381,740,737. The Assistant Treasurer paid out to- day $175,000 on account of interest and $63,000 in redemption of five-twenty bonds. Customs re- ceipts to-day amounted to $261,000, Revenue re- Ceipts were $366,917. GOVERNMENT BONDS. Government bonds closed quiet and steady @t the following rates:—United States sixes, 1881, registered, 1174; a 117% ; do. do., do., coupon, 118% @ 11834; do. five-twenties, registered, 114; do. do., £862, coupon, 115 0 11544; do. do., 1864, registered, 116% ; do. do., do., coupon, 116% a 116%; do. do. 1865, registered, 1165; do. do., do., coupon, 1175 @ 117%; do. do., do., new, registered, 116% a 116%; do, do., do., coupon, new, 116% a 116%; do. do., 1867, registered, 11794 a 11744; do, do., do., coupon, 117% a 117%; do. do,, 1368, registered, 15 117%; do. do., do., coupon, 117% a 11774; do. ten- forties, registered, 112% @ 113; do. do., coupon, 14 @ 114%; do, fives, 1881, coupon, 11276 @ 113'5; gix per cent bonds Pacific Railroad, 115 @ 115%. ‘The following is the Ciearing House statement :— + $04,707,407 $1,292,737 1,420,667 25,856,000 BOUTHERN SECURITIES. Thesé were dull and steady. We note sales of new Tennessee sixes, ex coupon, at 63%; North Carolina sixes, special tax, third class, at 11 a 1134; Arkansas sevens, Little Rock, Pine Bluff and New Orleans at 19; Arkansas sevens, Central Rail- foad, at 17, Beyond these quotations little was done. The following are the late bids:— Missouri sixes, Hannibal and St. Joseph issue, 9144; Tennessee sixes, old, 81; do. do., ex coupon, 62%; do, new, 81; do., a ex coupon, 63% 5 do. do, new series, 62%; Virginia sixes, con- solidated, 60; Virginia sixes, deferred, 11; Geor- gia sevens, new, 84; do. do., endorsed, 17; do., do., gold bide, 60; North Carolina sixes, old, January and July, 2934; do. do., April and Octo- ber, 205; do. do., North Carolina Railroad, Jan- uary and July, 85; do. do, do, April and Ocvober, 34; do. do., do., off January and July, 2535; do. do., a0., off April and October, 24 ; North Caro- lina, Funding act, 1866, 23; Nortn Carolina, new, January and July, 18; do. special tax, class 1, 10; do. do., Class 2, 10; Soutn Carolina sixes, 25; Arkanses sixes, Funding act, 20; do., sevens, Little Rock and Fort Smith issue, 20; do., do., Memphis and LittleRock, 20; do., do., ‘Little Rock, Pine Blut and New Orleans, 19; do. do., Mississippi, Unio and Red River, 19; do. do., Arkansas Central Rail- road, 18; Texas tens, 1876, 83. THE FORSIGN MARKET. Late cable advices indicate that very much the ama condition of allaira existe abroad that ia re- | ported nere.. Money Ws easy, but tue market i dull. The following are the reports :—Consols for money, 02 9 924; do. for account, 025; fve-twenty bonds of 1865, 10854 @ 10854; do. 1867, 105%; tem- forty bonds, 105%; Bew fives, 102% @ 102%; Erie Railway shares, 44% ; New York Central, 95 a 9514. ‘The Bank of Engiand gained during the week £86,000, The proportion of the Bank reserve to Nabiiities, which was last week 47% per cent, ia now 49 per cent. The amount of bullon with- drawn from the Bank op balance to-day is £20,000, Paria despatches quote rentes at 581. 25c. Specie in the Bank of France has increased 30,000,000 france during the past week. BAILROAD BONDA were in good demand and exhibited their usual firmness. The following table will indicate the range of the market a8 indicated by the iatest bids :— New Vork ¢ New York New York cen r €. Aew York Con o's: sub Mic Cou Ist ich 50 7p. ach So as i Cley & Tol & Cley & 101 % Pitts, FW Clev, F aa, WT Clev & Pitts 3 Decrolt, M & 100 Clev & Pitts Baie rie % Ghic & Alton Lake Shore div 3% Chic & Alton ke Sh 96° Ohio & Bins o io 2 96% St Louis & T 96. £5tP 3s, ay Mie ser 80° t P ist, #80 ; i +P Bel St Alta T Hwa 3T Alt & TH 2d 7 hic North Mo 1a “8 m. Chic & NW st. 10 ir, ED. 82 Oute & N Win % Wi 18 Chis ak Woot OT E'War cons $3 Jhic ex! eo ar C1 Chic &N Waist RY EN Tm nee Chic & NW col O74 Row it Bt Chie & NW rg ost, H & F, guarntid Jowa Mid Let m Goda he weaned THR STOCK MARKET exhibits no recuperative power, although the sus- picion prevails that the existing weakness nas been manufactured tor the purpose of enabling the manipulators to secure @ basis upon which to make fresh purchases or induce on the part of others a disposition to buy. Up to the close of the market, however, the bait was not tempting. The “slippery elm pool” seems to have taught a lesson to the street that has been quite salutary, and there is no inclination on the part of small speculators to wade far trom shore. Washington aespatches con- tinue to exert theifinfiuence. The bill introduced by Mr. 8,8. Cox on Wednesday meets the issue squarely and 18 largely endorsed. Its purport is that the Secretary of the Treasury had no right ta issue any portion of the $44,000,000 reserve of legal tenders, and it provides a way (or preventing fur- ther harm from this cause. It is questionable ‘whether it would not be better to authorize a loan or some other equally prompt method to retire the amount already overissuea. PRIORS. Western Union opened at 76%, receded 1 per cent and closed at 755. New York Central opened Bt 103%, but sold steadily aown umtii it touched 10234, closing at 1025. Pacific Mail moved from 41% to 40%. Areport has been rendered by this company, curious in its phraseology, suggestive in its comments and apparently speculative in its Purpose, It is worthy of perusal by those who en- joy the pleasant game of “now you see it and now you don’t.” There has been so much of “thimble rigging” in connection with this concern that it is almost impossible to teil truth from falsehood, and prices remained steady generally during the day. Erie obeyed the influence of European quotations and was stronger than usual at 48% a 485; a 48%. Lake Shore showed the effect of some depressing cause and dropped from 82% to 80%, closing at 80%. Union Pacific sold at 347; and downward to 34. Northwest common was weak, moving from 59% to 57%; the preferred stock sold at 7114 al. St. Paulranged trom 46% to 45%. Wabash opened at 533, and lello@1 per cent, closing at 52%. Ohio and Mississippi lost { per cent, C., U, and I. C. opened at 31, was steady most of the day, but finally responde€ to the general tone of the market and closed at 30%. Delaware, Lackawanna and Western was firm at 105%; a 106. Atlantic and Pacific sold at 18 a 17% @18% 417% a17%. Pacific Railroad of Missouri at 29 a 40 a 3834 a 39, HIGHEST AND LOWEST PRICES. The following table shows the opening, highest and lowest prices of the day:— Opening, N. Y, Oen, and H. R. Aaiaeen |” aii Erie.. 43%¢ Lake Shore Blk Wabash.... 53 53% Northwestern... . 59% 503% Northwestern pre! 11% aK Rock Istand. 104% 105 Fort Wayne. 1% 1 Milwaukee and St. Paul 4634 46% Milwaukee and St. Paul pf. a Me ny Obto and erent 34h New Jersey Central... 2g 102 'g New Jersey Southern. 6% 6% Union Pacific 34% 34% G., C. 31 31 38% 88% ++ 76% 1636 41% 41g MBMORANDA. The Pacific Mail Company’s newiron steamer Acapulco sailed yesterday for Aspinwall with 368 passengers and 1,300 tons of freight. The Michigan Central Railway earnings for the thira week in January show an increase of $36,530, The Chicago and Northwest earnings show an in- crease of $23,188 for the third week, $129,092 for the first three weeks and $1,175,536 for seven months and three weeks—irom June 1 to Janu- ary 21, It 1s seated that ube five per cent bonds to be issued by the Illinois Central Railway for one mul- lion sterling have been taken by Messrs. Morton, Bitss & Co. for negotiation in London. Erte derived considerable strength to-day from the announcement that President Watson had succeeded in negotiating the bonds of the com: pany on favorabie terms, and asked the authortza- tion of the directors for the final consummation of the same. At their meeting to-day the Board au- thorized the continuation of the laying of double tracks and the substitution of tron for wooden bridges. One of the directors stated that the pro- posed plan for pooling ireight earnings between the Erie, Pennsylvania and New York Central companies has received a great deal of considera- tion, several meetings having been held in regard thereto. SALES AT THE NEW YORK STOCK EXCHANGE. Thursday, Jan. 29—10 } Before C; 300 shs West Un Tel... 76% 200 Bone a v a 40% a0" do. wos 768% 100 2 46 ‘goo 2 76% 600 6 DH en] + 466 1200 on 6 700 100 5% op iy rot a 3 600 on Es 200: . SOO 53) Ww . il 200 53h5, wo 33 1 500 53 1500 103" 200 52% 400 Pi ai 400 ee 4° 10 al +0 2S 100 wd : oS Sm 100 Erie RR. 3 1100 ao do. » Sy ie 10. ‘ 20) Mich Coi 2 oO 4 FESS IS ES ARR OK SUUSEEEBEENE SSIS See ee ee EEE Ss SSSSERSSSETESESESESS: = qieuraes See5SSEs' este His F: Fpesseeeseres S85 ee aif i sie ik Hirst Board—10:30 A. M. nee 4 "000 = : io Hl u 8 ‘9000 1900 ~ Bl ‘000 rt # fir rT : Bt 85000 © & 100 3 2000 Chi 140) + Bi 3000 H & 2100 . BL% ‘3000 P, 200 Tt y) 200) BEL 800 U1 1 1000 M & St 200 34 4000 C, ow . 34 2000 NY de 00 uM 23000 B, A TO di + wt 1000 Can 60 Clev & Pitts guar. 1000 L wo de, ve ‘5 0 do. . Site 20 shs 120 100 do. 88i5 13 Am Ex Bi 09 He 25 St Nicholas 106 3 i 6 vote na ag four 5G . is 59 ig ing aca ts 83 ¢ 7 200 Mi: 9 108 100 Co 4% rt 100 > 104% 300 45} 400 13% 200 - 6 100 7% 400 46) 00 To 2 200 76° 600 5 0 109 16% 400 D4 sO 700 6 «830 100 75% 0 luv 75% 100 loo Aug 300 % 300 Sou 1 Ww ao ff 100 Alt & TH RR 100 J southern if Re by oy 400 P. M.—Before Call. 400 shs Un Pac BR. 200 4 J Cen KR. Aw) Chi & NW 400 SECEDEEEEEESURECEEE do. 100 Pac RR or Mo. wo a $5000 US 5- 161.00 117% a) OS 5a eugne TK 1000 US 5.30, ©, "68. be He 3000 Us d's, he-0, F 2000 Us o's. cur. Seeond Board—1 P. M. 190 ans GS &MSRR.. 80% www + 80% Auv0 Cen Pac a 7000 Un Pac 10's, inc. es it West Ist m, "3 9645 2000 ke Shore d bds 9% rE ESSEL C5 SeZEE5 ZEEeE 18 wap 28g 10) H & St Jo REpEDE do. FESS i a: SES: eee Kae : STEEEE & PS Adams Express mt aw 94 hn es Bx is 7 us x. Cotton Steady for “Spot” and Firmer for “Future” — Flour Easy — Wheat Lower—Corn Easy—Oats Steady—Barley Firm—Pork Quict—Lard Firmer—Gro- cerfes Quiet but Firm — Petroleam Steady—Naval Stores Quict—Freights Quiet—Whiskey Steady. THUESDAY, Jan. 20—6 P. M. The markets ruled quiet, as a general thing, to- day, with the tendency of prices in many cases in favor of the bayer. On 'Change the markets Were dull and lower in most cases, Flour was dull and lower, especially for shipping grades. Wheat ‘was also dull and lower, The receipts continue fair, but the bulk of the wheat arriving is tendered on contract, so that the offerings are not very heavy; yet the market steadily favors the buyer, Corn was also dull. Old is in smail supply and held above the market. Oats were without decided change. Barley was scarce and higher. Whiskey was quiet and steady, Pork was nominally unchanged. Lard was firmer, but closed dull. Groceries were quiet, but remained firm for ail descrip- tions. Cotton was quiet and unchanged for lots ou the spot, but in good demand and a Xo. ver lb, higher sor NEW YORK HERALD, FRIDAY, JANUARY 30, 1874.—TRIPLE . HET, forward delivery. Freights were quict, with rates essentially unchanged. Petroleum met with # tair de- mand at steady prices. Naval stores wore dull and rosia was nominalty easier. Coron om the spot ruled moderately active without easential change in values. For future delivery the market was weak at the opening at about yesterday's closing prices, but, Leno a consequent upon & daitatastiasee ie crastag tak ce ment At tke Se close the the market continued feverish wit however, men eee We quote :— bama. N. Orleans. Texas. is i i ti Ws it “ a “ a 15% rT 16 16 le Hi v ths | —The quotations are based on cotton in store runaing in quality not tnore than half a grade above or below the grade quoted. The sales a were aohango—3 xchange—3o. Today up to thes ‘at Loic. ; daly, 10 alto fe pepruaty 00 at 129 ioe, . M.—February, P. 20 Me 14%pe-, 000 at 54 Thige, Boston, 193; iiay Iasi weok, 23.31 | 36, fates on cotton fo ‘toreign noes ited notnimally ss follows: To Havre, SY y sail, le. ‘To Hamburg. by steam, %c. a cate. To Bren en, by staan, He. Ble; ‘0. Liverpool, 7-16d. & yd. by steam, 344. a . by sai Sait The, market here has been quiet, but ruled firm for all descriptions, From the oulports we beard of sales of 4,500 bags ot Kio, to arrive, por Niord, at New Orleans, at26\c,, and 4,400 bags of do., per Traveller, at New Orleans, at 27350. The stock this dat r than io} embraces 14.00/ bags and 26.46) mats of Java, we io ordinary cargoes, 26%5c. a. ecesad per 2%e.; wood do., 27%c. a We.; prime joxireme range ior lots Zinc. a B8%e. , ob and 2 d ait. Java, governinent bags, sc. a do. ranean 3 1 he, : Ceylon, He. a 240.5 Mara a jamaica, Bc. Receipts—Floar, 18, O20 bushels; corn, 65.700 do. ; corn neal era 1s. sh 1,809 bags: oais, 68.425 bushels; bar da; 400 do.” the Nour market was duil wid heavy aud alitp: OXtEAR were Jin some cages lower. ine if kinds. foot up about 8,000 DbIK at p Belcan wi cowfinin the range of the sutjoitted quotations. Buckwheat flour gontinued dull, with State and Pennsylvania quoted at 0 per 10) Ibs. Corn meal wi Miatand Rite Bales 86) opie inetading ricos within the range ot our day oF two L000 bbs. 0 Superfine State. Extra State Supertiue We: Extra Western... Pad ral kinds, a e uy quotations and within { Brandyw ine at $470, We qi 5 5 i a: ssstesesssy ecient Bt Tea iow extra. St. Louis, straight ext St Louls, choise double extra Rt figelac tamily Catitornl Rye Southern, No.2 Southern, superfine. Southern, extra, Southern, fumiiy. Corn meal, Weslern: Gorn meal, Jersey. Corn meal, Brand, Caloric Punche weet ‘was dull an 5 te 8 F aeeeiaoaa® Seances if RREREAREARARESESREAASAA Su FGUGSRSEES SESSSESESSUEES| Zi rime Chi ae ry thou rad oat 7500 cae In chr loin at & rior. $L 67 # tor prime $l Ba $i 59 for ‘Muwaukos, oa spring, | Corn ‘wan dul “O was no ihe salos were only about new Western mixct 880. a Ne. thorn yellow and new white do. mart ing tu duit and caay’ Oats werk quiet and steady. bushels, at 7c. a.d%e. for mixed, “spot;” ie. a Ge. for Western mixed and Gic..a le, for wikte,’ Barley was hrmer, closing at about $1 70 a $2 tor State and Western, 32a $2 05 for Canada. ‘Ihe sales toot up about 14000 bushels at prices within the above range. Rye was in- active, but firm ; quoted at yfrom $105 tot 10 tor State, Pennsylvania, Jersey and Western, Faetours.—in the line of berth treights very little has been consummated to-day. ., Vessels. 500 bbls, fi 4a. The nominal rate tor Wad. & 18d. by, steam and 11d. lsd. by pails |, by steam, 109 tlerces of lard at Wa. 1.400 th DOMESTIO 10 MARKETS, smog tatt™ON, San, 29, 1n7e quiet ordinary. sho; middilug” Unto s Noveecnioa ERsk ete ae 3 the Coutineut, 3436; Wo trance, 649, comstwine dS Salen 21000. a ‘ my BB. 4 Outaae, Jan ‘29, 1874, em jo rma a some sales better aden See; higher; middling, 133 w middling, 1450. 00d ordinary, nig New 1.106 bales. grons, 11,550. Kx} reat Britain 2 y to the Us 00 ae 1654, 7) ran 3,382; comstwine, 1.2d7. Sales, 4,000; last even Stock, 903,489, feyamman. va van. Pais iat Cotton nominal ; middling, pis, & fro Great Brita. 5.033; ‘comts bales. 2 ne, age to the "Cow Cotton quiet: middling. 166 Exports coustwine, ms ARLATON. Cotton. stead: middling, oe 8 he, ad i fo Ni ry, ide. Net receipts, 1,869 bales, pore fede Great Britain, 172; to France, 2. ‘cies, 1,000. cal Wianwopor, 8. 0..Jan, 2, irits of turpentine firm at $215 for strained, entine dull; e $5 2 for yellow dip. wt $2 45, weco, San. 29, 1874. “Os jour steady, but quiet: sales 1,100 bbls, at$8 tor No 1 au tary “ior hard, ‘Tar qu ring, $9 or amber winter, $9 W ior white winter. $10 Bn double extra. Wheat quiet; No.1 Milwaukee club, 1 60; No. L white Mac: 85 Corm steady; sales 009 bushels at sc, iatieys ungettiod » end bigher Canada held at $1 9 a $1 Corn weal, $1 65 tor boited and $1 60 for unbolted per owt, Mitlieed un hanged | sho i + shipstaffs $24; mid- lings 'a°S80 per ton Hailroudy itelghioFlour to Phil Boston, @e.; to New Albany, (otal movement of the lake regions over Lake Ontario flour to wheat, was 32,449,369 bushels, against $1,378,5! bushels in 1372 10, Jan, 29, 1874. Burs Imports for the last twenty- four | hours—Flour, 9.308 bbla ; wheat, 3 390 bushels; corn, do. ; oats, 39,200 do.; ‘barley, 24 Dean Sah Hi ris— Hour yutet: Waster grow spring, $7 a $7 50; bakors’ 25 4 $825: amber. $8 a $8 50; White, $850 4 $9 fi Inactive; prices nominal: Milwauke do. No. 2d 7; Chicago a $26 aa, it teh ae rendstuite (com in 1873, reducing 873, n 0) 50! hel a ‘a: Siow, with a downward tenden 2 Western at Wo. 4 cars now on ihe track at 7d, Outs teady : Westorn held at S5c. Barley active and higher; Paigs OF 3,000 bushels. N SGnicago, to arrive, at $1 a a $l75; Canada, $1 75 0 Dressed hogs, “Be. Other articles unchanged. Touxno, Jan. 29, 1874 Flour qniet and unchanged. Wheat qu walen of No. white Michigan at $1 38; amber Mich $149; No. L rod. $1 55; No. 2 do., SL 47. lower at 70c. for high mixed, 4, April: 7Li¢e February, Corn ‘uit cand low mixed, 68igc.; new, le new, We," Outs quiet and unchanged. Dransed’ hoge firm at $60). Clover seeds dull at $5 15; mammoth, $6 40. Receipts —3,00) bushels wheat and i000 do. corn. Shipments —16,000 bushels corn. Cnrcado, Jan. 29, 1876 Flour dull and nominal; small sales on private terms. Whoar dull and lower; sales of No. 1 spe at $1: sh; $1 22% J'ebruary, $1 25% March, d, “$i 02 Cora’ quiet and un 2 mixed, cash; Mc. Februacy 2, mixed, 51%, We." Oats dull and low Maret; rejected, 3844 ey firm and A a 8 3c f Sspring. Dressed hogs closed teui 45a $6.50 heavy und light. Pork in fair demand and lower at $14 40 a $14 95, cash or February; $4 374, March. Lard steady at sc. cash; $9 30 February March. Bulk meats steady at 53,c. lor shoulder; tor short rib middle: for short clear midd loose, spot. Groen, meats—somlen of shoulder at Sige, ; hamne, 16 Ibs average, vac. Whiskey, auiet and wei we. ceipts—$,000 bbl 000 Hushels wheat, 18.000 do. corn, 1LWN do. oats aud 17.000 do. barley. | SKipments— Dbis. flour, 107,00 bushels wheat, 19,00) do. corn, 00 do. oats, 1,030 do. Fye aud 60 do. barley. PRINTING OLOTHS MARKET, Puovipenor. R. I., Jan. 20, 1374. Printing cloths in quiet, regular demand at 5c. a be, 30 days, for best standard and extra 6t squares. i HAVANA MARKETS AND EXOHANGE. Havana. Jan, 29, 1874. Sugar—No. 12 Dutch endard, ay robe, Exchange weak. Unite ces, 6) days, ourrenc: 2 74 premium; short sight T7 78 premium; on Lon ons 5 a 116 premium; on Paris, 9 a 92 pre- mium. kreigh: To teat and orders—Loading at Havana, 52s. 6d. a Youding ‘st other ports ou ‘the Rorth coast, 0s. a Flags EUROPEAN MA AN MARKETS. Lonpow Mowry Manuet.—Loxvor, Jan. 29—12:30 P. M.—United States five-twenty bonds, vals Eek do, prelerrod, 68%, KE Tiirie Raliway shan sway shares, NS 4id5. Bou LONDON, Jan. 2— M.—Rentes, uf. 2ber 330. M.—French rents ox oat Se. Lavenroot Corto! RKKT.—LIVERPOOL, Jan. 29-5 P. wi Giles on the Deals of middiing. wolaude noting be- low ordinary, shipped January, at 74d. Sales on the basis of middling uplands, nothing below zood ordinary, shipped December, at 7%4.; do., do., deliver- able Jaauary at? L-téd.; Wo, noting betow low mid. Gling, deliverable Junuury at 7%d. Sales on the basis middling Orleans, nothing below iow middling, deliver. able January and February, at Siqd. The market is flat a feat ry jmiaaling uplands: Td. ; middling Orleans. < 12.000 bales, toad Pada By sipecuiation por dling uplands a T%d.: ine Orleans, 54d, u 8'4e, "OF the sales to “Gn bates were American. Sates on the basis of iniddliug Plands, noth- ing below good ordinary, shipped January and February, ; do., do., deliverable January and February, Tae do. dow ivliverabie robraarr and March “Trvemroot BReADsrurrs MaRker.—LivenrooL, Jan. 2 ¥. M.—The market is quiet. 00k PROVISIONS MARKET.—Livenroo!,. Jan, 29— at Lave P. M.—Beef, 863. per tierce for new mess, Lard, 44s. $d, #8 packages of grease lard’ at of cotton ov private aS, ‘the = British bark, he port, 8,600 quartors grain, at 8s.’ 6d. quarters grain, hence same voyage bark (to arrive), hence to ba petroleum on private term: arters for cargoes of staves and fotussea.—Fho demand fas besa tafe ina Jobbing way id full current prices were eo We note sales of bola. of New Orleans at prices within the range of the bagghbrw The stock this date inc! ae an charters inclu ice to a Continental 3,000 Tbhds of Porto Rico, 8 hbds. of Kng! ee 00) bois. of New Orleans. yn Sarre uba, tri mixed, old crop, 18c. a. 40, de do. Bnew. crop. Rea Te. ; poe Glayed. old ci 10. musgovadg refining, d or a tt 12 380. Forto Rico. do. do. 380, glist faands, G0. de, 360. 5 eames do. do, oc. a Gc. ; new crop New Orleans, NAvAL Sromes.—For spirits of * Urpenitoe the market ruled dull and elosed easy at 48, for merchantable order, We have only to report sales of, 4 bbls, of Southern at 48c., and 75 New York bbis at 49c. Rosin was dull. and asier. Strained apr’ A cargo at Wilmington of 3,000, bbls. of on terms not made public. | Tar met ‘With 8 modarate demand, with selee Fo poryed oc 1m bbls. ton, s. of Washington, in Pitch was neglected, but quoted nominally Th t 1c td r refined Pe quiet et ‘were not 0 x apd ear February del ery, Layee. for last , ery. we for March an ie for April, once con vider yyamacugga snarl ‘ch, white aid tp hyd bee aide for March at iso, the i rs of nich we were unable to obtain. ‘rude, in bulk, was = Ree and slightly easier. Sunt ed at at 660 2 6 fc. tor 1 ease aod 2 “Seliverable in week etary teh hy Apr and t 6%, jay, 3,000 bl ‘ipping x frat bal ‘au 3 were quiet rch, age: and quoted steady at from 19¢. a Se. A sale of 5,000 was reported on private terms. Naphtha was nominal: city quoted at 8. a 8c. Advices trom the oil producing points were of a quiet and weak market. The quotations were as follow xt 8 Petroleum Centre, $1 35 $s di: ule $19; Parker's $1 6 United: $1 00 Union, und 81 47 Keliet. The Philadelphia market was inactive ai nominal: standard white quoted at ldc. for balance ot month und early February delivery. 14'4c. tor last halt of fides mes and I¢'gc. a l4sge. for March all the month. wistowa—-Recetpis—Pork, 028 bola beet, 216 pack- goss cut menta, N01 do.; iurd. 800 pols. aud, '‘lerees sini brit kegs The market tor'mess pork was a shade firmer, or guier, We heard of sales of 10) bbis.. “spot.” ak $1628; 00) bbla., tor Apri, at gig 3 bbid. of prime ress on rrvate term: ms bie’ of ola ness at $1487! jacon met with a moderate demand and w: quoted steady. waned sales include 25 boxes of Clty toa clear at S%e., ; 650 boxes short clear, spot, at De (500. oxen al of short rib and 50) boxes of short clear aL Bigc. 5 boxes of Jong and short clear Western, for Teptuaty delivery, at 3»; f continued quiet, but prices were not quotably changed. Lots to the amount of 100 packages were place , ina jobbing way, pithin the range of tue following quotations. ‘We quote $3. 36 bbls; first and second grades; sul 0 a $18 6 for ane mess bbis., $21 a $22 tor prime: mess tierces, $25 4 $26 tor india do. and $28 a extra India iness, Beef hams wore ‘neglected, out. steady at $24 a $24 50 for southern, and $20 Western; sales 50 bbis, Cut meats—There has been a fair demand from stores at full prices, but otherwise Ried market ruled quiet. Sera. ot en Sait hams, 10 ibs. @ Il ibs. averag tee sinoked do. 2 ibs. ‘averny fe eat Shel 10. 15% Ibs. ace, at ink a fierces or -prekled ‘hams, 16%, Ibs. Be , BL 10sec. ; 25,000 ickled bel- Ties, 10 ibe average, at 1c. ; do., 17 Ibs, average, ‘Lard—The Western ef boxes market tor at 9. was ratler firmer, but closed weak. We heard of sales 260 tierce: Jn the spot, at ‘ 16e. 0 4 tor Ape at 10¥4e. lerces_of prime at 934c. s Were firm; quoted at 7c. u Bae, for the range of aly ‘and 7c. a 734c. 1or Wester or.—The warket continued ariet, but firm, for both domestic and forei Tl jobbing way foot Carolina at ho ‘he a bags of at Tea os and 100 bags of Rangoon at 7c. & per Ib. ; also 500 bags ot Rangoon, to arrive, at 3%) eecDean.—There has been comparatively iitle doing to- day in raw oUgar. Yot the market wag quoted Arm on the Basis of Te. ate: JOr tule to yood Fetiaing. “We hoard of fide, bhds. of Cuba he to-day but sold previous to ral) OF rivate terms; 450 boxes of centrirugal at Sc aud 1 boxes of clayed at Sige, ‘Refined was. un uiltoyed in prise and in moderate request. Mesa Cree Morrison, in their circular of this d up as follows : Stock (ascertained by_actu: count, incl ding peel tion) January 1 34.451 228% 290,792 1,314 meee sanury 10,825 18.990 120120 1;862 ls... ae 45276 ek 19918 3,176 sales ince January 1, Sint 37,198 2.010 Stock this day, January i 1374. BY 108 14,626 216,609 1,166 45,125 106,354 11777 182,392 1,228 24,273 38,103 331,226 1,079 ze, food to he ptiteet es a. Ly BSH. i cays fe gholce, nee ig and boxes, Hi ee ot abe Clayedrnctes, Duh se comparing. wit ruary 1, 1872. . Comparing with stock Gnd By i871... iba—Refininy faite Dod Tair, ent fair to ie 10 to 12, a} 16 to 18, 93 Mone thas Wet Forte inl mon to prime. + & Sec. ; Brocery, fair to oe. ard. Noa 8 ti cia 1 8 - Brazil—Duten sta Java—Dutch standard, Nos. Id to Superior and extra superior, Term 7ice" siecathc ate on continued dail the abse if sal prices were quoted fominaily 4 ‘thessmen a wl rag re ae, tant of 115,000 Ibs, Waisaey. —Reo Tar Dblse “hn rasriket was steady ome the he comand moderate. We heard of sales of 30 bbls, Pelonvow Propvox Manxer.—Lonnoy, Jan. 20—Bvening, — Linseed oil. £80 per tun. pit turpentine, Se. per eves Retined petroleum, 124.4 134d. per yatlon. Tatla 34. a de Der_cart.” Sugar, 286 & Bs Gt, por owt for’ No. 12’Duieh standard on the spot. FINANCIA SONABLE RATES—MONRY ON LIFE “AND idowment Insurance Policies, Morigayes an other Securities, Insurance of all kiids eftecten witht Daa HABRICH & CO., UT B MOUNTS TO LOAN ON RAILROAD BOND: nicipal Securities, Commercial Paper; persons sessing capital advisod of apportunities to invest in mer- cantile, AREY uring and incorporated concerns. ANDER FROTHINGHAM, 112 Broadway. LOAN OF $5,000 FOR ONE YEAR WANTED—BY @ well established manufacturing firm; will pay liberal bonus and give good reai estate vecurity for same. Address SAL. OM, "842 Broadway —A.—$100,000 TO BUY FIRST MORTGAGES ON IM- Proved or unimproved clty property. Ouly owners inay send full particulars and diagrams w A. L., office box 4,043, A Haskins + street.—btocks and Gold bought and sold for cash gn margin; Privileges negotiated on responsible tris, hich can be used as cash margin, thus enabling aby one with small capital to specutate with little risk. Ex- natory circulars mailed. —PpuTs AND peg no, 79 iy INVESTED IN + them often $100 000: the only sate mnethod of operating in Wall street, on litniwed capita inily explained in. 34 pase Pamphlet, mailed free to any cuted 8) OFeTe ONT ENTINE TCM BRIDGE & CO, Bankers and Brokers, 99 Wall street, Now York. & BRAINE, BROKERS, 11 BROAD A eaeaney & BAZLEY, BROKERS, 74 BROAD- «, Way-—-Stock and Gold Privileges: also Double Priv- dieges In Socks and Gold. All contracis signed bers ot Stock Exchange or responsible parties. bought and sold against these contracts in place of mar- me ‘enabling persons of small means to speculate, with alittle risk. Explanatory circulars mailed to any ad- ONDS OF THE NORTHERN PACIFIC, ST. JO. AND Denver city, N. Y. and Oswexo Midland. Now Jersey Midland; ind., “Bie Rondout aud Oswego, by WILLCAM WARD, 22 Broad stree ome or BOBTON | CURRENOY SIXES, Water Loan Bonds, ine LW, red by sinking ind, Interest Cpayabte ae and October, for sale BLAKE KROTHERS & CO, 52 Wall street, New York, 28 State street, Boston. é DUE COMPANY oF ikEw York, No. 29 win ew Youn, J ‘the Board of Directors have this day dee! aa qua teriy dividend of 24s per cent on the capital stock of the company, payable on and alter February 2. ‘The trans- {er books will be closed from January 3 until February JAMES CLYNE, Secretary, ( diana} D, COLUMBUS, CINCINNATI AND. IN- "E3 Railway ed ita zc Stockholders of the above road lea ra wi iat are opposed t to the Atlmntic and the Interest ‘ot sald ‘Atiantic nud Great. Western rouse are by mem- Stocks Railroad pany and toa direction in invited to send their proxies undersigned, ‘LE- LAND B Bhos #,00., 19 Nassau street, New York, or J 8. FE! 85 Plue street, New York. Blanks sent on appt yy HIRST AND SECOND MORTGAGES WANTED—ON Improved and unimproved city Property ; $600) to Joan in ge and wal sums. . & F. BARTLES, 56 Wall street. ACKBNSACK AND NEW YORK EXTENSION allroad First Mortgage, Ronde. —A small lot tor sale vy SHENRY WIDMAYER, 202 Broadway, ONEY TO LOAN—ON BOND AND MORTGAGE ON city and Westchester count DEN Pon Fire and Second Mortgages bought. at Broadway, Moxey, TO LOAN—OR BUY FIRST AND SucoND Mortgages; loans made on Securities. RU MoH ARG, 13) Broadway, basement. Notary aad Com: missioner for every State and Territo MOxEX,10 LOAN ON BROOKLYN PRIVATE REST ences and store Property. Hudson River improved First Mortg 6 Pino street, “room 15, Moxzx ALWAYS READY TO LOAN-—ON wort. gage, withoat ae a New York city improved Property, and bay a4 to OMAN! So. FO] jes cashed at once. phil ie GHANT, #8 xchange place. CAPITALISTS. 4. ‘COMPANY, FORMED For manufacturing @ specialty, ander letters patent, not Raving capreal of faciiiuies for its production augict: it, 20, meat the constantly increusing demand, will ike very favorable ai ments with reliable partios ving the means for ‘the. exclusive manutacture on large se: Address box 5,440 Post office. RUST FUNDS TO LOAN—ON BOND AND “MORT- Rage on Naw York city property | (private dwellings Preferred), in sums of $60M) and upward. one per cent commission and attorney's fees for ve DKK & LAUR Dine trot CALLE: NC mee wasn SE wx? NTED TO WegS oi tee ON HO amminstriteparens 28 oR MAMET Toledo, Onto. w ON FIRST MORTGAGE OF CITY “Drelgg and ad 95 0 oLDM Parkway avenue Lots, Brooklyn. AP)! MARK, 33 Park row. | = AVING A LARGK SUM OF Wann shit invest the same in choice Mort- Stk a Ae er — description of property, FINANCIAL. ‘000 & hye oe Pi Wal neon, ON busimen town, Principals apple to's a a Oey 2°88 ‘ a) TO LOAN-IN UNM AMOUNT ON Ia. $25, 000 ; J _broved Oily Pronerty for Uiree year fo bonus requinttWARD & LEAVITT, 1 Wall street. (() TO LOAN-ON REAL BstaTe oN $65. 000 this city, fm sums of $1.00) and up wards, for a brit Catt A without bonus" REY, toe Broadway, room & $145.00 KSTATE. MONKEY TO LOAN WITH out onus on airictly fret class wo Proved New York elt 4 under, BIGBLO! Real Katate, in suins of 6 ‘& LOCKWODD, No. 5 Fine ste $215 000 frre imoriga IN SUMS TO S8UIT, ON age: money cnn be ‘had without delay; afew select Recoud Mortgages wanted. PHALON & SLOAN, Si Kast Seventeenth strevt. $5. in the Ficid—Free- New JSersey—Choapy and Opposition te A Now Richmona Railroads * tor Transportation Monepoly. Since the passage of the General Ratlroad law bp the New Jersey Legislature last year no pracucal effort as been made for tne coustruction of a ine im opposition to the Pefusyivauia monopoly. A movement has just been inaugurated at Trentom however, that promises to be the solution of the great free railroad problem. ‘The programme was prepared by J, Daggett Hunt, the foremossof New Jersey's Sons in procuring the passay: ao General Railroad law. The pen wit) which Gov- ernor Parker signed that meworable vii! is nowan Mr. Hunt’s possession. The prospectus of the pro- posed railroad sets forth that it is to be -con- atructed in the interest of cheap transportauen and in opposition to every torm of monopoly, The plan is to construct a railroad, under the General Railroad law, from the Hudson to tne Delaware, or in other words, from New York to Philadelphia, by popular subscription, in which every citizen of this or other Statcs may have a share, if it be only $5. Kx-Governors Parker, Price, Randolph, Haines and Olden (if they will accept), posed for the committee OF Board of Constr Mr, W., Alexander, formerly President of the s ate, and now President of the Equitabte Lilie Lnsur. ance Company of New York, is to be the Cenerat ‘Trustee, It is to be a home highway inand for the people of New Jersey and all others. who may cross her territory to or from the two great c'ties on the eastern boundary of the Atlantic seaboard at such rates as will give capital a fair compensséion and no more. THE DIRECTORS OF BRIE England to Have a Chance at a New $15,000,000 Negotiation. A meeting of the Erie directors.was. beld yester- day morning at the offices of the company, Twenty- third street and Bighth avenue, at which were present Mr. Robinson, acting President; General Barlow and Messrs. Brown, Baltzer, Hotchkina, Johnson, Lansing, Parker, Ramadeil, Schuchards and Babcock. A ‘The main feature of the: Mnecting was the con sideration of the advice of President Watson, whe. has been in England for the past few months, to. consummate the negotiation of $15,000,000 of the- company’s bonds. This matter was considered and the President’s advice was unanimously at. cepted, so that Erie to the further amount above named will probably pass.into English control. A number of new tron bridges were ordered te be built along the road, The other business dome was merely gs paugne CAN ha ERATE A proposed freight arrangemen: clnde ohe Erte, Pennsylvania Central, New York Central and Hudson River companies, was discussed and, ro- veived with general fax \ ees ‘ BROOKLYN PARK BONDS. @Qne Hundred and Seventy-five Thou- send Dollars* Worth Alleged To Be Outstanding and Unrecerded im the Comptrolier’s Office. ‘The-ofMfice of the Comptroller of Brookixe has 0 late been the subject of much attention of an un vorable nature by reason of the robbery of bonds by the absconding clerk, Rudolph Kessler, and the agitation of the affair by the press. M18 now aa- serted that a discovery has been made in the office of Comptroller Schroeder, which shows that there was no record of over $175,000 worth of Park bonds, tssued during Comptroller Jonnson’s term of office, which expired two years ago. The bonds are outstanding and wiil have to be paid at matu- rity, however. The disposition of these bonds cannot be ascertained, as Mr. Johnson on his re- tirement took his receipt and other books with him, The Common Council Committee on Viuaace Wil look into the matter at an early day. BRITISH EXPORTS. Falling off in the Figures of 1373 as Compared with Those of 1874. WASHINGTON, Jan. 29, 1874, Monthly Report of the Bureau 0! statistics No. 3, now in press, will contain a detalied statement of the imports and exports of Great Britain for the year 1873, The Chief of the Bureau furnishes the following statement, which shows a consilerane falling off ir the exports of the princtpal articles of British manufacture to the United State: Commodities. Cotton piece goods, yards. . Karthen and ching ware. dc Haberdashery and millinery Newou, Bi fron ta ce 1026 . bolt and rod iron, tons.. 2K Batoat = M 185,70 jos, sh tise ton een sovase 18208 ode, yard works Liner § 5 ne Pilg lap cnet 163,220 Wool sheep and lambs. tbe S98 Cloitig coating, dudels, e, ¥ "230'878_4.00KUTT Worsted stat ards SRILA BRR UIT Carpets, yards. reser 9,095,742 OLEWS, HABIOHT & 00. New York, Jan. 29, 1874. fo THe Eprror or THe HERALD :— My attention has been called to an article in the HeERaLp of this date concerning Messrs. Ciews, Habicht & Co., of London, which does injustice to them. The government has not lost and will not lose a dollar from the effects of the. panic oy either my own firm or thatin London. Both firma pay in Tall all liabilities, and have resumed business on that basis. 1am induced to call your attention to this sav- ject, as L tee! satisfed that at your nands justice will be done. Very truly TOU ENRY ctkwa. BROOKLYN NAVY YARD DISCHARGES. od Oficial Correspondence in Regard to the Wholesale Discharges—The Matter of Re-employment Rests with Congress. Alderman W. Richardson repaired to Washing- ton on Wednesday in order to urge upon the mem- bers of Congress from Kings county the necessity for the re-employment of the 2,000 men who have recently oeen discharged trom the Brooklyn Navy Yard. The subjoined correspondence upon the subject will be read with interest by the nnem- ployed workmen, who are most interested io tue subject:— ¥ Wasnrnaton. D.C., Jam. 28, 1874 the request of frends in Brooutyn t to Washington to gee if itis hot possible tw stop, the wholesale discharges of men from our Navy Yard at this inclement season of the year, and also, as Jeet on the tavorable attention of the President and See- Hovsn ov Rurnasexratiras “stating that “at the request of trionds in rooRt faras public interest wilt permit, to secure the re-em- "y,”” we would sta Navy on wubjece of ‘your leer yesterday, betore your 15 PER he, it cy RL tape ey FOR jo spew curity. aotes of Prot artion with amplerroal estate aud Gest class bonds. WT Wittiatn street, room & tar as the public laterest will Rata to secure the re-om- ployment a spe Fhe have been discharged. 1 respect- jully ask your eat co-operation in pressing the sub- retary of the Navy. Very truly WS" erowaupgon, To Hons. Partar S$, Crooxe and Stewart L. roub, House of Representative Waaninaro ia. $ Wi a Ric aRpso! Ader an Wa eto your communication of thts Washington to se if itis not p ounave canes Wanting d2 Joan om abe Nery Yard, at this inclement season of the year, and also, ae i . Cains who have oeen discharged.” and ask. Tha our “earneacco-averation in preaaing the aubject on the favorable avcntion othe President abd Secretary of Having an earnest deatre’ to do all in our power for the reli: of che unemployed mechanics and workingmen in gur count retary ot the arrival. He replied to us and authorized us "to say ‘that the discharge of workmen and Cessation of Ma | if are occasioned entirely by the exhaustion of hi presenta ves, early in this. session. At was distinculy avowed by leading democratic members that any SPs rane beiond th the OTe ad would be the aud Strictly the ‘seeretary or the Navy has no diseretion or power to employ workmen dn advance of and gym bo itp rations to pay secetan, ¢ and suck only neg duri Mt ing November and De en hy ihe ‘national necenstty rowing out of the Oui bi roll aaa le these Feterences wo the ‘Alscuseione of fine nd the action of the Se ry during thé earty "were not made by him in our interview, anit, wo Teall them to your anes rors im matter of justice to the administration and the sec eply aympathizing in all preci i efforts for the re- Met of then nstrions poor, Se, mine = oe waly yours, STEWABE 1 WOODFORD. President Grant was also appealed to in the mi ter and said that no more Men can be employed ‘until the ‘unde are provided by Congress,