The New York Herald Newspaper, March 28, 1874, Page 8

8 FINANCIAL AND COMMERCI THE FIRST EFFECTS OF INFLATION. The Uncertainty Growing Out of an Uncertain Quantity. ree Banking as Regarded by Senator Logan and by Its Friends, CURRENT VALUES. WALL STREET, Fripay, March 27—4 P, M. | Something of the character of this recent ftnan- | cial legislation may be gathered from its reflex on | Wail street to-day. Tnatitis simply a promise to the ear but broken to the hope was abundantly preven in the result of the day’s business, the mere euphemistic declaration that tne legal tender | circulation of the country had peen increased from | $35,000,000 to $400,000,000 failing to convince any but the most obtuse that we had thereby enhanced vaiues elsewhere because of the abundant demon- stration of late made that such uicrease simply re- | duced THE CONVERTIBLE THE PURCHASING or N instead of adding to the value of anything else. Thus, if greenbac were quoted, as they should be, at a discount to gold, instead of gold being | quoted at & premiom to greenbacks, the latter | would e gone down to-day precisely in the same proportion as gold wentup. Then we would be able to appreciate clearly the utter absurdity ssure Of relief to the suffering industries of the country of this multiplication of gr which, by & law @§ immutable as that which governs the revolution of the earth around the sun, only reduces their value as a purchasing token instead of enhancing other values. As was Said before, to THE MEN WMO HAVE FIXED INCOMES, | the bank clerk, who has $5,000 per year, or the Mechanic, who has trom $3 to $6 per day, itis simply @ reduction of income to the extent of | peurly 25 percent. 1b is a lorced loan u industries of the nation to benefit the speculators. | It is a deflance of the national conscience, a breach of tue national faith and a degrading sur- render of the national honor to agogues. A fresh de to-day, which shows once august body the Iriends of the « THIS HUMILIATING EXHIBITION of truckling to individaal tnfuences—this surren- der of dignity and honesty on the part of u body of which he was so longa member! it would have added bitterness tenfold to his last moments if he but knew that his latest indignant protest | againss this national crime had been disregarded, his appeal to the honor and manhood of America contemned. Senator Logan, it would seem, pro- } poses to bring down further disgrace upon that | body of which he isa member. It appears in the Senate to-day he advocated free banking without restrictions—that 13, A RETURN TO THE OLD WILDCAT MONEY PERIOD anterior to the war. If the honorable Senator really means this ne has evidently mistaken his vocation, and, if he would find it, be might wry his hand at selling Western wild lands. He might pos- sibly make some arrangement with the distin- guished Mr. Scadder that would be satisiactory to both. “Air them hands clean, or air they notY? Considering the fact that this is the best bill that could be introduced in the interest of the national | banks, a8 the most effectual way of killing free | banking, one is possessed with the same doubt as possessed the minds of Mark Tapley and Martina | CUbuzzlewit in viewing the palms of the Ilustrious Scadder. The possibility of a new t. paper I regard with amaze in my judgment, such an isi ment and a shaw we Of nt and ancelety, and, we would be a Getirl- inconvertidle BY IT3 ADVOCATES, jou either in Con- far removed irom Senator Logan’s wildcat scheme as is the resump- tion of specie payments to present uure- stricted (unconstitutional ?) issue of legai teuder currency. There ts an old apothegm that there is nothing new under the sun. And here we have it realized in the ex nihil niholo ft legisiation of the last couple of days. Because the government has defaulted on its promises to pay for ten ye it is proposed to improve the credit of the gove ment by adding to them. I this be sc clering then we must be near the williennium, when there will be no difference between THE PROMISE AMD ITS /ERPORMAN It is hoped it is so jor those Who have large promises outstanding. Free banking properly considered and as presented here means the break- ing down of the national bank ypoly and the substitution of real eredit, based on legitimate value in the hands of the people, for the oliga credit which this national bank monopoly has as- sured. Any intelligent observer can e that the recent financial legislation has been largely in the interest of the nationai banks, and wien we re- collect how thoroughly organized and powerfui was the national bank lobby which opposed the stitution of a bond bearing a lower rate of intere than six per cent lor that previously pledged as a security for the redemption of its circulation, it is easy to appreciate the indu they possess to- day. It is said that influence extends into the White House. [ft tiis be su there is very little hope for the country. F aukKig, a8 Supported here, would have been really A STEP TOWARDS SPECIE PAYMENTS, while Mr. Logan’s measure is something more than a quarter stretch away from it. | ‘ht be put further in this simile but for the fact that it 18 ce! tain not to make the runuing, even « fately started. Three hnudred and filty-six millions of Jegai even if the entire amount were in the disc: It is as gress or out of it. of the 25 per cent orve clause (supposing there Were HO deposits to be secured), $1,424,008,000 bank curren but when it ts recoilected how largely the bank deposits are in excess of the cir- culation, and tha per centum must be maintained for they, it will be seen how tar from inflation would be tree banking if there were no addition t6 the grec kK circulation, and, if a provision were made banks hoarding coin, how speedily it would bring us in the neighbor- hood of specie resumption. IN THE STOCK MARKET the business was mostly in t aud seemed wholly feeble to the ¢ I effects of inflation. The movement in the market wil be best seen from the printed ls given below. ‘The following were the highest and lowest prices | Of Stocks to-day : N.Y. C, and Hadson ¢ Lake Shore iwock Island, New Jersey |. Lackawanna al Wabash Harlem. Western C nion Telegrap. Northwestern, . Northwestern preferred. Milwaukee and st. Paul. the Highest. Lowest. pirat: 103; % Onto and Mississippi. Union Pacific ©. and L © Atlantuc ond, Pacific sreierred: | Hannibal and St. Joseph Hannibal and St. Joseph pre American Merchants’ Union The following schedule of prices, before and since inflation, shows the effect upon the market thus fars— March. ———— —— re Cane 2th, Bh, BBN, PT, iver Consol 10g wh, wig wg 101% Te 78m UNE ae ag Wise 1 oe 4 li | 1083, 5 | ‘ | Siu v 2 Gh & Miss. Boston H.& The possibitity of a new tssue _ NEW YORK HERALD, SATURDAY, MARCH 28, 1874—TRIPLE SHEET, Beh, BN ix ss wm AT Ti Te x He ee or Oy Oy Me Mie aay = = iy 8% 445 07; Fd | Ry ri sig 3 sik. 333 35 37 ip as 3 Sing = Wy We ie — gs 31% me oe a Ws be Lid 6234 | of inconvertible | paper I regard with amazement and anzrtety, and, in my judgment, such an issue would oe a detrt- ment and @ shame,—CUARLES SUMNER. GOLD RANGED on extreme qnotations to-day, from 118 to 113%, closing at 1134. The carrying rates were 3 to 5 per cent, The Sub-Treasury pald out to-day $2,000 on count of called bonds, and $30,000 on account of interest. The customs receipts were $444,000, THE MONBY RATE ranged from 3to5 per cent, reflecting in its in- creased activity the expectation of a lively busi- ness a8 a result of inflation, healthy or not. Prime mercantile paper was quoted At 5} a O44 per cent. whether it be un- INVESTMENT SECURITIES bonds are % | showed an advancing movement. \¢ to 44 Of One per cent higher than yes- | terday as a result of the higher gold premium. Government Southern State bonds at the Board were nominal. | Railroad bon@s were strong, and as to the cuoice | investments—we refer to those on prosperous roads—they are likely to advance, Union Pacities == 355 aaa Pte Bs = 8 ae se POSS Cat LRT Fett 4 Se55 FECES : gigi wciescs tepre geieanieige 3 ee SS5zarness SS . were noticeably strong, the first mortgages ad- | 5% vancing 1 per cent, the land grants 14 per cent | and the Incomes \ percent. The largest dealings | at the Board were in Chicago and Northwest cou- solidated gold sevens, which advanced to 883s, the purchases amounting shares and other investment shares were strong. FOREIGN EXCHANGE responded early “to the advance in gold in an un- ght. Reicumarks, 95 and 98% a 9634. Prime Paris, 5.18% and 5.1334. 96%. to $121,000, City bank | settled figure, but subsequently stifened and set- | tled on the basis of 4.8434 a 4.85 for prime bankers’ ) sixty Gays sterling and 4.88 a 4.88! for three days Continentals were quiet, but steady. Cables, 98% and FOREIGN ADVICES. Low vor March money, twenty b las O01 1865, 109% ; oa The | were received as follows :— 27-1145 A. 4% 92; do. for account, 92 a 92 ao. do. Of 1867, M.—Consols for ; ten-torty bonds, 1044’; new fives, 104% ; Erie Siares, 8534; New York Céntral, 923(; Erie weak and lower; American securities steady. money, 1% 292; do. for account, 92 a 92145 five. twenty bonds of 1865, 100% @ 100% ; do. do. of 1867, 1094, oR: ten-lorty bonds, 1l04%a 043 ¢ new fives, Erie shares, 36 a 36%; New York Central, 02\;'Erie active and excited—large transactions, firm at 36 a 3624. "1 15-16 a | 1:30 P. M.—Erie firmer at 36%. 5, 4:30 P. M.—Consols for money, | 59 © 40, lor account, 9234; five-twenty bonds of 1865, 1093¢; do. do. of 1867, 10954 ten-forty bonds, 104%; new fives, 14% 3:30 P. M.—Erie way shares, 3654; New | York Central, 92% ; market quiet but firm. 6:15 P. accive aud drmer at 3645 bk March 27.—Rentes, Panis, bor. le Railway shares ie prelerred, G1. Tae, PRICES OF GOVERNMENTS were here as follows :. ‘United States currency sixes, | 1172 127; do. sixes, 1381, registered, 120 a 120%; do, do., do., coupons, 121 a 12144; do. five-twenties, 1862, registered, 118 a 118 | 18 a 11834; do. do., 1864, registered, 119% a 120; 383 do. do., do., coupons, | do., do., 40,, coupons, 119% a 120%; do, do., 1865, do., d0., coupons, 11944 a 11934; do. do., 1867, regis- | ae | registered, 1193{ a 120; do. do., do., coupons, 1205% 121; do. do., do., new, registered, 119 a 11944; do. | tered, 119% a 120; do. do., do., coupons, 1204 a 120% 3 do. do., 1868, registered, 119%; @ 120; do. do., do., coupons, 120 a 1214; do. ten-forties, registered, 114974 a 1154; do. do., coupons, 115a115y; dor | fives, 1881, registered, 11514 a 11534; do. do., do. coupons, 11514 a 11534. MEMORANDA. . The outstanding legal tenders are unchanged at 000,000, The internal $209,000. | The umports of dry goods for the week ending to- | 159 | day were $2,587,487; amount marketed $2,909,483, revenue receipts to-day were against last week, imports, $3,259,646; marketed, Currency. com. Less Coin Gertifi THE TREASURY BALANCES at the close of business to-day were :— 2,500,000 86,260,000 88,000,000 The possibility af a new issue of inconvertidle paper I regard with amazement and anziety, and, in my judgment such an issue would be a cetrt- | ment and a@ shame.—CHARLES SUMNER. SALES AT THE NEW YORK STOCK EXCHANGE, | » Friday, March 27—10 A. ad 500 30 KO 200 100) 19 de 10. 500 200 iv wine st i 300 Mal & St P ie bw a0 ow) ao on 3 town ¥ Veit ii 2.W0 L Shore con ¢ Lede Cen Fac gold bas Faw Kit Ito went & W ist st > 4000 Tol ay Ww — con. B00 dk 10H % $2000 2 bow Us San te abe tt Bi) « Pian Before Cali, 500 shs Wed 7 8 teal? 10) Cy 20 ; ni Ai i ie 105 ie oa Ms one ae -M.—Consols for SeEes partment of commerce and trade, and the baneful effect ts already manifest. Specuiation in gold and merchandise has already received a fresh impetus, and prices are in the ascendant. This is particularly the case with such commodities as are usually dealt in largely on speculation or sold for forward 7 St Domingo delivery. Sellers in many instances refused to | 7peow, ie. ; Cal name @ price at which they would sell—in some gurrency ; Dateatta buffalo, 8c. a instances refusing 9 material advance on prices | ™f 7c~ and do. do.. dead green, 18280, Cualh HO. are current twenty-four hours ago. On ’Change busi- a made to moct immediate i requirecpen! te rhe re. hess was moderate and valnes uncertain, In some | thy akin te Gommesticn for the week F “List wie cases the action of Congress was already discounted, it ‘week were 582 bales, ! inet having for 4 long time been apparent that the infla- tine egy BR crear of Mr. Emmet Wells the tollowing = mar- tionists outnumbered the bist of any fur- is tthe least animation. and our quotations ther expansion of the curren was quiet. | Continue nominal; 35c. 1s the outside cash price for best Wheat w. in moderate mee bat, at Stat We hops. Low grades have been selling ere, nevertheless, ‘advanicea wi dite idumeuity. | of all gorts of prices, Te mm Iho. to. Se. Pork was quict and of very unecrtaln value, though | Det figures. The inst of the reuowned wit some little chauged hands towards the close of "Change | low, Grove’ (Bates) growth was ls out this at allgnt advance upon provioas prises, Lard was de- | weeks there ix nothing remaining now of Callfomia cidediy firmer, though no means active. Freights wth that will bring over dc. cash. The importa were decidedly firmer, ‘hough the offerings were moae- m Koro} roge this wee! exceed the domestic receipts by Fave, Groceries were’ less active, but the inarket wagg! 2ver I rutbalee ar predictions early in the: season that frm, particularly tor sugar. Cotton was active both fom} fore hope would coutinue to fi to our spot and future, and better prices were obtained. Pe- markets ae as there was any sale i abate jas been troleum wasactive and firmer. Naval stores were verified he fetter Many of our friends in the coun- Moderate demand and firm. "Bast India qoods were | FY: vito are thelr hops ative. and over, have uit. Metals were duil, Wool was in good demand and | been and are to day unwilling to believe that firm. were right in advismg them to sell They placed mites —Receims for the ns aa: ait | | peer 0 Heflance on oa anspor’ reports. of Jarge § ew @ demand for pots has been moterate in a jobbin; aes ng the true siiuation. isev! DS Fears Wee ee are ee int to Fen az tofind a market for th a edie BUILDING MaTERIAL&.—We have no change te note in | We quote:—American, new, fod $2 to choice, Se. the prices of brick, and dealers revort only a moderate Amerieat, 2 we fair, yeariin, trade. We sppend ‘former quotations as follow ; old go.; Bavarinn enue)? S00 75.0 $4 25 atloat und $97.0 66 23 «delivered up-tiver, eran (pate 0a, glial, Soe, & Sto. aversiraw Bay 7 delivered; Crotaegii's $15 afloat and $110 81s deliv. | 1nOx. tthe market revaatied in toe eae condition aa ered, for brown, 315 a $lGand $15 a $19 tor dark; previously reported—namely, dur and nominal There $16 a 917 and $19 u $20 for rea Phila eiohte afloat and | Was no di tion to operate by cither party to anv ex- deliverea; ‘a $30 50 tor Philadelp! atloat an tent, and the tew unimportant transactions were at oa pee 50 * delivered; res ore, $50 a 8 ‘in the renge ‘our quotations, We quote :— afloat. Lime met with r demand ‘in American—No, 1, 2 do, No. 2 $82 0 $35; forge sat yay, and, Brice 8 "St, sawoted steady at $1 tor rrie! fs St ae h—Coltness. td & 98: Gente ses rfp: Roel a 20; Eglinton, 7 ior, do. luinp. © Cement—There wan iat $3; cient Se BO, wo gold; Anierican, at’ works, | trade demand, ‘with prices for, most riptions a iarien The demand for hemlock sole continued moderately active, and we notice @ better Inquiry for middle an grorwetghte of A Stocks are somewhat reduced and not ver; The receipts for tho Daas woek foot a tnt Braids any 2,002 bales, and the ex- ports have been We quote = fentock, ——$—$—$_—_———— Common Hide. ript “AG er vat’ Roman, 4, and Portland cb phe ths Were only in mod- erate demand, a Roly a $210 for Eastern. Other materials not mentioned above were quiet, with uo es- sential change in vaine, Broow Coxx.—The demand was moderate from the trade, and prices were steady. We quote:—New green steady, We quot Host ae, hurl atse. & lic. new green brush andl stalk braid at 7c. eee: eattrorata, | 3 a Wen new red and rel Upped at 3c. a 8c- c. Ye, a26igc. 2B5ige. a Ze. | 90 do. Canpies.—The market was quiet, with trade confined 2836. a 30c. 27c. a 23c. Roic.0 HO. | 400 Erie KR! 403 na te, jobbing parcels. Prices were steady and quoted as B29c, We. A Bc. ww) do. + Ay followas-Sperm, 30.5, patent do., S8c. a. Ste ree eet eanA re be ares. Pan ae “TRO B, Me—Betore cam. | Boe eek ee 8 Mes Mdamantine, 14 a backs, 8c. 9 de. lighter See ‘te, its bop, 330. MCLNWeeg ps 88 20shse |v octvacke-A ioderate inquiry was reported at steaty | #3/¢-1 heavy crop, texas Ly oabe West Un Lele, ay inte Pa i » pe Nps pet. Gree soll ows i= Mania large and small fee 85e,; middle and over crop, 36c. a 3igC.5 betes, 1 ite. 100 bs 87 | Sec. & 17sec. per Pen tele so ae Business was confined to small jobbin % ng SR ARO ae gh se. New folly, domoane, and. prices ‘catibibed ne ES yF 200 31) & " We mud stp orley aS aed Br =e 409 100 400 do rae Tt 400 Chi, Bur # QRR. 100 Wand stio RK. 82g oo Es 200 20 200 itp 30 do. 1 ee sb 18 Zoo | 500 Chi atc | Se By 2115 P.M. 184 ) U8 520, 067. 19%, ron 194 1200 UB 5. 1953 30000 US 10-4 119% 40000 C5 10-4 Second Board—1 P. M. | seo Tenn @s. old... 4p 1900shs Erie RW, 1600) Tenn 6's, new 2000 Tenn 6's, 0 8. 21000 Cen Pae'xld bas. Tiow “do. 12000 Un Pac RR ist'ta 364% 3000 dl 3053 rAboewb. & 2 at Ww do. 200 Panama RR. | 2 wel a 1s Can Co. SEseee = i 4 | to-day, 5,000 Sushers, of ‘Hungarian jn private terms, and, SSSSS 5%: - BRN AAR SA egesaese: Sas ee CLOSING PRICES—3 O'OLOCK P, M. 80% a 40% Sy a 3 & 46 PTF | Han & St B43 Lake Shoré. ; Han « 4% Union Vacitio.. 6% (, CaIG Sine rittsburg.. 8 The possidility ue a new issue of inconvertible | ve | paper Iregard with amazement and anziety, and, | | in my Judgment, such an issue would be a detri+ | ment and a shane.—v soto SUMNER, COMMERCIAL — REPORT. ~- + Cotton) =Firmer—Flour Quiet—Wheat Higher=Corn and Oats Firm—Pork Less ActivesLord Higher=sugar Firmer, but Less Active—Coffee Steady=Petro- leam Active and Firmer—Naval Stores Firm=Freights Firmer=Metals Quiet= | East India Goois Quict—Wool in De- mand and Firm—Whiskey Steady. Frrpay, March 27—6 P. M, ‘Phe United States Senate has driven next to the Jast nail in the castle of inflation which is set Noat- ing through the air, and the influence of this mon- 4 | Mobile, 759; Savanna! | Prices advances 2c, a. per bushel, closing quiet: th | Go. at 4s, 6d y's German bark, hence same voyage, with | pool, de Rates on cotton | materially changed, tough some’ lors | extent of 300 bbls. at our quotations. We quote :— Te. ; Russia, Iie. jemand for lots trom’ first hands was e Zealand cordage Corree,—The dei better to-day and the market steady at the decline, “the sales Ors 18_bbls. of New Orlean: Ti) a te :—New crop—Cuba centrif- neal and mixed, "200. 8 ‘Be, 4.400 bi Ri 280.3 | 0 do. clayed, ide. & $30.5 do, Si bars of dn, See adorn at teen nerd 303" eae ah ‘of | Muscovado refining, Sic. a S4c. do.’ grocery, ie. a Gazelle, on private terms. Jobbing trade fair. | #e.; Porto Bico, A Ge. ; Maiglian Inunts, Soo SUC. ; Now Orleans, Ws, a Toe. » 5 baer) 22% Hoou do. NAVAL STORKS.—The market for spirits of turpentine dite: extreme range was quiet but arm at the Improvement, noticed vester. Gi and Sony's credit; J day. we card of sales of 104 bbls. at 474gc, for Southern, do. grass mats, Zc a Ber} Geviony. 250. a 26 and 483¢c. for New York bbls, Closing tirm at 47c. tor caibo, nayra 2ikge. a Bho aot onetablp order. Rosin was ratl oe firmer and in a We. St. * pominig Reo c. 4 Porto 0, good demand, strained closing 55 for com. Costa’ Rica, 24icc-n 25340; Mexican, 240, : than to good. " We heard of Sittes of 200 Dols. of ‘strained 24e, a 25gc.; Curacoa, Be. a 25c., gold, per 1b., 6 and 90 | 2 750 bbls. of do. at $2 55 and 1,000, pbis, of do. ii ding reall bbls at $255 a $2 70, was not wanted £0 sy eae but was obtainable at $31 for Wash- pa and W Pitch was quiet and steady at Se ‘ous —The market for linseed was quict; small sales in casks from reat oa hancds, were made at 960. Fish off ‘was not dealt in to ras extent, but was held with confi- dence. Sperm quoted at $1 0734 a $1 70 for crude, $1 85 for natural winter and $1 9) for leached, Crude whale at Ge. tor northern, We, for Southern, 6c. a Te. for nat, days. Corres —The inquiry has been futr during, the past three dayg and the transactions foot up who Ou 000 of luke at diige. a 24%, closing at iBc. cash. Corrox.—the market spot cotton “ruled fairly active and, in sympathy with the hicher ruling of rases tor future deli livery, peices were advanced 4c, per lb. tor All grades, the market closing firm at the linprovement. ‘Tne market for “futures” was ceverish, under ihe intu- ence of the advance in gold consequent upon the action or at Washington inereasiug the volume of curreney, and | Ural winter and 70c: @ 7c, tor bleached. oil was the transactions were ‘anos ¢ dayrecedenwuiy Marne, only in moderate request and steady at ri while prices were Luctuating, ihe closing sales showing | Winter. Menhaden was quiet but gfeady at 90. 0 Crude cottonserd quoted at 460. a refined an advance of 4c. We quote :— » and {nor yellow atde. avdice Neatstoot Guoted a¢ 760. a $1 13, laude. diahama. N.Ofoans. Texas, E 2 he inside price for No. 1. bctps fee rr 4 in one ae Chu The incuiry for refined was better to-da; Biriet ood rainy: i # 6 th. 15 wit and the market was seein Annes ine Vereee ee on" ADC e 5 Low middling ¥ in ins eo day, &)u) bbls. deliverable trom the ist wy the 10th ot April, at 1634c.. and 5,000 do., for last half ‘of Muy, at l6c. Crude in bulk was a shade’ easier for lot on the SPOL ‘but steady for April delivery ; sales 1,0vv bbls., spot, .. and 4, 1. for April, part yesterday, at T'ac, Gases were modasuiely inquired tor, and were quoted Bae at We. cy 2igc. Loo have been made prinin ‘Phiiadelph mt Ket was quiet, (but also fi fre hiadelphia market was quict, but also firmer, We note sales of eae poke of standard white for ape Good middiig. 7... 18) 184 —The quotations are based on cotton in store running {a quality not more than half a grade above ur heiow the grade quoted. The sales were — Pod ii Last Eo'g. Total, B10 CI B10 Totals... 1,4 half of April at 164c. The Creek markets were quot —For tuture deiivery (basis low Taiddling) the nalediunes: t thus:—Oll City, $145; usta, 82: 5 eee Ys gr; Me deenay follows:-—Last evening, after So'clock—March, | Tidloute, $1 0ba $1 iti; | Par 1 70, Kd at 15 25-820. 5 April, Wat 1p bore, 1,20 at 15 15.4 Union and $1 05 at Suherss Later-We Heard of shies ia May, 800 at 16 i1-3zc. ; June, 1,000 at 16 27 de 300 at 16 New York, 10,000 bbis. of refined for last bal of April, at July, $00 a0 17 5-t6e. August, 300 at 17 9-100 September’ | 15%0.: 23, Is. of do. for May delivery at i6c.; and bbis. of crude in bulk for next week at 7c. | Also, $i Fauadebohia, 5,00) bbls, of refined, cacii “May and June, at 16c. Provisions.—Receipts—Pork, 199 bbls; beef, none; cut meats, 1,867 packages; lard, ‘1,400 bbls! and fierces, and 200 kegs, ‘For mess pork the market was guist and easier; quoted at $16 6) for March and April and $16.16 tor May. Antes au ye uy pe on the spot, at $16 75. We bls. of extra rea mess at $14 1244, ae Bele Of choles do. ar$i4 37%, 100 Lbis. of prime mess at 300 a! uae Total, 4,400 bales. To-day up to aval Pp M.—M: 300 at 15 15-16c., 100 16c., 400 at 16 1-16c.; rapes 100 at 16-13-16c., 200 a 15.27 ‘Lire. b 1 160., 100 at 3 at lb 31 320.. 400 at I6c.. t 16 1 1,390 at Lie. 6 S-Aze. (no notice to-day), 20 185Sde 110) at oie 16 15-S2e., 21700 at 16} inoat 16 A 400 at 16 $15 124 and 80 bbls. of do. #t $15 4. Bacon met with a Tole, ae a 20, SS At 1Oiqe, 100 at A eee ae) aaa was sicady (a prise. Sales 1,750 boxes of long and short clear, tozether, on private terms; 100 foxes of long clear at fe. short rib ut 9c Beet—Trade continued moderate ina Jobbing way, with ide, 1300) ‘at 165c), 100 at 169-16c., 500 at 181 £16 9-16e, ; June, 1,400 at 16 31-826. 400 at Lew} 100 at is si nse 1,00) at We. "300 at 17 1-16: 1,000 atl7 We. and th) boxes o1 at | Q Jat 17 1-16e., 6) at I Fs ic. 290 | Previous prices current, ‘The sales foot uw 300 atlas art oN) at 1733: ne packages, at prices within the range ot So $i So or 17 3.32 Lo jain ness jo 0. AP aikbed Panhae 17 1eiee. ald or pie mse eros, nd $31 a $5 for India do, terces and $90 a $82 for extra India mess. Bect hams were Miefately inquired for, bat without resulting In treme, actions other than jobbing pareels, We quote :—Southern, $isa $22, and Western, $22 a $24 50. Cut meats were S-eady in value, but only In miodorat request. uae smoked haus, 10 Ibs. av led do. 12 Ibs. of do. shoulders, ot ‘clear etnies. 11 lbs average, at 1U3¢¢ pickled bellies, 10 Ibs. average, at 93, Kevtor Western steam was iirm, an e 200 ‘ive. GOI * 00 at “7 ‘ate: ‘August, ‘98,100 bales. wial, by steam, Wes; by hall etlie sales fgg Bremen, by steam, Mid. a Falveston, 1.105 bales; 1.265 pool, ceipts were Nortoik, 1,557; Baltimore, 622. Philadelihia, 56. Total, 9 last week, 8,635. This day last year, 9,500, FLOUR AND Gals. ~ ReveipisFlour, 6,.77 bbls; wheat, Lard—The mar- the demand was moderate tor forward delivery, heard of sales of 160 bus! Sip dot corn meal 4 bile, | Bo uierces at 3c. cash; 750 tlerces, seller ‘balance of 180. 882s; ay 2000 ts, | month, at Bice. ; 300 tierces for April at 9c. and. 2,00) ‘The flour market was quiet and steady. There wasrather | tierces tor May at9 l-léc. a l0c. | City was “also. Ornier, and sold to the extent of 175 terces at 09, Dressed hogs were in moderate demand, and firm, at Tyee. ULTRY AND GAMr.—There has been a good demand for prime stock dressed poultry at about steady prices, A eonsiderabie quanuity of poor, however, sent here trom mor» inquiry tor shipping grades, but peneeae Hot | tor ht a trite 0 more The transactions, Including all kinds, foot w abou. 11,00 bbis., at prices within the range of the fol- lowing quotations, Corn meal was quict and sold to the No. 2 State... id Boston and Chicago, bas been very difficult to move, Superiine Slate, 575 38 | come tots not bringing treight. In fame, wild pigeons xtra State, 623 8 | Mall’ bring” $8.3) 4 85 78; Hell snipe, $5 0: Gholce stats, 675 & | plover, $2 a Wild ducks lower Superfine Wester 575 a | foc. a’ $1 25 fof” canvan “back. Extra Western 625 4 heads, uc, a We. tor wullards and 25e. a Be, f Extra Minnesota. 65) a Live iowls, Western, per Ib.. Round hoop Ohio, shiping bis 635 4 | Is er euieKens, Western, 1 x ound hoop Ohio, trade vrands. 70 a 790) 7a 8 , | Fann ie . pe oR ‘Western, ‘a lc. ;, geese, Western, per St. Loul 65) a 70 ; ‘New Jersey, $3 & $3 50; ducks, St Louis) straight 70 a 800 | Dressed poultry—t ladon, St. Louls, choice double ¢: $0) a ey | dry moked, ‘selected chickens, per Ib, We. St. Louis, choice tami! 850 a 11); chickens, ‘Jersey and Bucks county,” fancy, California. Nomin | + do, do., flr to good, Me.’ a I7c.; do. Rye flour, 40 a 57 __ prime, ee, a 19; chickens, Western, good Southern: No. 2 too a 600 Wie, a ie; turkeys, Jersey, prime, ‘2c. a Southern, superfine 50 a 615, do., tatr to good, 1c. a 18¢. 5 cow (ower! Prime, | Southern’ extra. 1.650 a 825 | o., State, air’ to good, 1Se. a I8e.; do., West. Southern, family 325 a0) | tee, a 18. §do,y do ed Ibe. a Gorn ined, Western, 3 50 35 | rine, Corn meal, Jersey 375 00 | c We.; geese, Jersey, Corn meal, Brandywine: 44 to | ior, Western; ‘good fo primes 400 8 445 | - a L0c, a powey ar 70) hob. | Ke: ct ze: a Ui pease, We, Kict.—rusiness continues moderate in a Jobbing way and prices were The sales include ¥ tierces of Carolina at Tic. a for ordinary to choice, and 10 Lays of Rangoon at Atair ‘demand was reported tor both goat and deor skins, and the market was firm at the net te modera but, with tavorable vices and a material advance in the gold premiun, Vere bout $5,000 pushels “ut $1 45. $1 18 for un, ., S174 8,58 for No. A do, $1 61 a $1 4 for No. 2 ao ani Northwest, $1 55a $1.56 for No. 2 Milwan- er $1 So or white Siichigun and L 70 tor amber Penn- IWania, Corn was stronger and in good demand; the | tations. We quote :—Goat—Tampic: sules aggregate about 97,00 bushels at 9c. a 9c. for new a Matamoros, om: mixed, Closing at 9c. a for prime, 68c. for menos. Pay ce eo = 5 do. to arrive, 8c. a %e. for Jersey. on ‘the ‘pier, and 9c. a yc. for good te choice Southern white. fit en Oats were steady and only in moderate demand; the | tanmed, | Sic. ae sales toot ‘gp about So 57.00 bush 59c. a due. for Black | dura wi Wey 6 ou Western: . or Weste) for Inferior | mala 6p eo: Chageres, Gasac. Ban J , 230, white, and 62c. for Koo to choi Barley—The | 57sec. sal, 6240. ‘ara, 63¢.; Puerto, woabelo, Gc. ; Auyosturs. 5¢.; Matamoros, Texas, &c., We, a ‘Spices met with a moderate demand and were quoted as follows : mia) eh sumatra, 2lc. per Ib.; do, singa- pore ZL ge. 5 do. Kilo, 23gc.; pimento, Te. ; cloves, Jigc.; Caasia, 2dc.; Airican ginger, 12%. ; Race, lie. ; | nucmegs, $1 lia $116 per Ib. market was quiet, previous prices late yesterday, 12,5v) bushels ot Chevalier and Hunga rian on private terms. Rye was inactive and held nom- ally as previously quoted. Frescuts.—Busitiess continued slow In the line ot berth freights, but the market was steadier and closed, somewhat firmer. At the reduction in the rates of freight tor tonnage for charter there was a good business consummated to-day, the call being mainty for vessels tor 2c. a 2c. tor halves, 3 t.—The market was guigt, but values remained sales 4) tlerces al petroleum, ‘The engagements were:—To Liverpool. by | 4 80% Be market fr Yay sugar Wanlees satire to Beam, 400) bushels of wheat Me Ts BOW Uy Treralty, | day. but firmer, closing Beet S (eee; or, Salt co kecd for shipment 1th of April, at 7d. a 7%d.; 500 bales of Re ape Red sof barely wood. at | compressed cotigh at Tad. ‘ands by” sail, 200 bbls. OF hds. of good refining at 72g. :_ 550 hhis., in flour at 2s.fd. To London, oy sail, 8,000 bushels of $ sUgaryat7e, and natiscovado, wt 7.6e, wheat on private terms, and’60 tons of olleake at 22s. ¢d. | rilugal at Sige. a 8%c.. and 600 boxes ‘To Glasgow, by steam, 5,000 bushes of corn at Tad. ; 26) | ac. », Reftned was in demand and also boxes of bacon at 30000" bushels of gram | firmer quoted at Sic. a Uiye, for standard “A's.” 10}sc. through treight, ut 89d. ; 2000 bbis. Hour at 3s. a i for snag ate ee ae 10340. for pow. trough freight’ To Antwerp, by sail, 47 hhds, of to: dered’ and “iiiye., a’ We. “Tor. r acca ut 4s. To Bremen, by sail, 60 bbls. rosin at 4s, | quote :—Cuba reining, invert to cotminon, and 25) boxes bacon at 368. To Stockholm, by sail. to prim Rrocery, fair to good, 17,c a Bige.: prime bis. of rosin, to fill, at 63. The charters | Bs cinde an Italian brig (relet). centritugal, hhds, and’ boxes, the United Kingdom, 2,500 quariers grain ut 6s. 3d.; a | S%C-;, molasses, hhds. and boxes, Suc. a 7c. British urig, bence ton Mediterrancan port, &800 casos of | £c. A venir et Dutoh’ standard, 1 petzoleum, of private terms; a German bark, | 844¢- [eS tn Ses Gee to Bremen. bbls. reined petroleum, on | 8’s¢ Lae %, 1 Ogu owner's acepunty & Norwegian bare, hence to Histhore | ee ee ors, 3) bbls, of refined do. wt 58. 7i¢d.; a ir to uteh rd, Now 8 10 126 Dutch standard, Nos. 1) to hee adie. J pertor and extra’ superior, b4sc. a PGeuos.—Linseed remaided inactive and values nom- last atke was at $2 59, cash. Clover met with @ moderate demand, the iarket tor which was firm; | quoted at iUc, a l0dgc. tor Western, and Lidge. a 10%. for Stato. Timothy was quiet, but steally held at $3033 35 er Dustiel, Hough sax was in light supply and held hence to Bremen, 4,000 bbls. of ‘retined refined do., at 4% 0d... an American brig, | Seville, 5,09 casts of refined petroleum, at 38. alance of Cargo, Ught pipe slaves, at $35; a No wiau bark, trom Philadelphia to London direct, 2,8! bbls. of naphtha, atés. ad. ; a British bark, from do UW) bbls. of crude a fi ag at! pe irdowto Para, | dirmer ut $2 750 TaLLow.—the d .200 tons, from st. n private terms; k bark, trom do. to Para, | private terms; a bark, trom do. to Bristol deals, on private terms; a British bark, 606 at Sandy Hook), from ‘do, to a port in’ the Kingdom, deals, on private terms; a German tons, trom Brunswick to Kio Janeiro, lumber, deals, on Shannel, tons (iow, Unite and was only moderate, but the market firmer. Sales about 100,00) Ibs., at 70. a Tige. sonacco.—Business in seed leat has been’ slow during the past three days, but prices were not peatere ey. changed, We heard ot sales of 323 causes of a at cye. | 0640; 200 cases of Connecticut, crop 1874, at be, a 7c. ; 17 y to note a light demand fi Cascs of State, crop 1572, on private. teri 6 cases of th in lots, were at yorner | Wisconsin, crop 1872, on private terms, mucky, | We quote':—Domestic th, 1240. @ 12s. tor heavy: the sales root up 260 hhds, at 4%¢c. a Llc. Foreigt ra0ld te averages; Borneo, 14e.; Catcutta cloth, gc. Bags | the extent ot 20 bales ot Havana at 80c. a 950, | | v nowtnally, 13e. Wuiskey.—Receipty, 511 bbis. The market was quict lnvy axb Jerr.—the market for hemp rematned quiet | but stendy. bales, 10 bls st O84, and we also note for ail descriptions. A sate, sii Mr jas at Boston, of | Sales of 5 bbls. of alcohol at 98¢ 1.500 balesor Manda, was rojorte Manilaquowed |, Woot—The demand has considerably better ere at Yee. merican and off ba} ry vi aiwd \ any | quire ‘t for, bu at ; gold. and bisa, "At he, a 8346. gold. jer Gesctiptions quoted as betore, “Jute extent, alld was quoted steady, gold. Jute butts were moderately in: ‘the transactions were limited, quoted at ¢. a 2%. currency. Sales since our last, throughout tho past three days aud the market Was firm At previous price, the sales include 30) Ibs, of XX Ohio fleece at 2,000 Ibs. of oxtra, and super pulled 5,00 Ibs, of Western fleece at 14,000 ibs. of spring’ California, 32c, $000 Iba, of lambs} do, WOO Ibs. of fall do., Soo. 5, 00 Ibe oF ol a S = i 2 os 40,0 165 bates at yar 100 bales at 2%c. w ae ie Rs 00, ibs. a) aac. Hay axp stkaw.—There was a fair demand for retail | a, ot 8,000 40. qualities, aud a moderate inquiry tor the better grades of | Bae. ; 28,005 ibe, of bregon Ibs. of scou; rea Gul shipping hay. Prices were steady id quoted as fol- | fornia, Tadge. ; 7,000 Ibs. oF ‘scoured fleece, 76¢. & teres stupping hay, $1a $1 retail q qualities, $120 H Ibs. of mestiza pulled, 7c. ; 2,000 Ibs. ‘of scoured do., Pi lay 13); clover, we. a J5e. for the best qualities, and Ze. a Buti lhs. of interior Australian, i7e.;9 bales of, be. Sree for second I grates galt hay, 65c. a75c. Straw, 7c. a 1,0001v8, of ‘ool, 43 bales of extra o' 0c: for long rye, 6c. @ 70e, tor short frye and me a sie | super do, 21 bags of £'No.1, 12,000 tbs, of al eg for oat. | of Port Phillips, $.000 Is, of dnwashed Ibs. of Hives.—Under a continued good demand the market | Calitornia woo po oes of mestiza, 2,500 Mexi- tirm, ‘Ihe receipts sor the past three days foot | can. 80 bales o} in, 73 bales of, fall California, ‘ust bales of extra patted x wt Ibs. of mestiza do. and W bales the total inports since the Ist inst, i941, of Cape, all on private terms. Ae the, past, tures days iwclide 2.475’ Rio Bi 5c. | Grande ‘ie ae 46 Buenos Ayres 9 Ia. pone h Gu days: 2,100 Galvesto a iize., part to wsue convertid) 0 as slaughtered, 70 ia, lee, cur. | The posstbitity ar a new eh he months’ tine; y {pw Californias to arrt ve) 3 ‘ibs. | 15) Vera Cruz, | paper I regard with amazement and anxiety, and, 4,500 Mexir 1,815. do. ki 3, H 2100'S “Antony Bll a i ug tale Pe at? {PS | dn my judgment, such an ap i de a detri- i ‘exaa, 24 Ibs. wet e% 180 le: jane RLES Tbe | to. kip to arrive, on jana 218) Southern 17 IRENE ONG Cae crpsarm on private termes. e ot nenos Ayre: so selected. per ibe tev ico, 2 n'22 Ibs, ier DOMESTIO MARKETS, Rio Grande, 208 Bibs, selected, ¢.; Io Grande and surous wacline Kap already permeated every dee | adi. Buenos Ayres, gregn salted cow, 13¢., cash . Se.; Gamoia UA pene March 27, 1874, nd curengy, Oripoca. 24c, Cotton, no. pemand, and nominal ; good fis ae Ordinary, 14% e. 5 5 6 RACED hale, KaporteTp Sarbanes quoted, at de. 8 1434e. for smaall quarters and | A 5 bales. ete ata white fa ya) oushets a new on the track, atT7c. a Oats quie bicnn at eatern Barley dull; gic a $l so; Wear, 1B e nominal at 103. “parle 05; Western, $19 a ner 1 vnrdieles un- 27, 1874. wn Shanged: March Plour‘irm and in fair demand’ Wheat a fair demand Micwieun, § "si 1b aetra nite Michigan. ‘gi. Michigan: st ean 31 Aah 8 aoe mo. di, ay spot: bata eo unr iow folk ho gra Clover seeds dail at png upenare ey ius ihe 18,00) do. corn, 4,000 do. Y is 4 ga Shipments—3,00) bushels wheat, G00’ do. corm, Rae SA cs Carcaco, March 27, 1874, Flour dull a unchanged. bigher, fe $1 Ug 2 do. regular; ri, a 21% May: No. 3 do. ie tneattak sth Sl meweNo jeoted os as Om ‘tor No 2 im, higher and scarce, at Fm ‘and din Fork ier, a peers advanced an sold at ee. sellers nee loose ; short clear midi lies, $8. 45, loose, seller April. and unchanged. | Recelpts—6,000 Shoat, 47,00) corn and 37.000 oats. 'Shipments—7,00¢ flour, 24,00) wheat, 40,000 corn, 22,000 oats, L000 rye and 4,000 barley. The possibility of a new tssue af tnconvertidle pcper Iregard with amazement and anxiety, and, tn my judgment, such an tssue would be a dstre ment anda shame.—CHARLES SUMNER. COTTON STATEMENT, The following are the totai net receipts of cotton at al) ports since September L, 1873:— Porta, Ports, Galveston. . Boston.... Baltimore. Wilmington. Noriolk... Total.....0.+ EUROPEAN MA MARKETS, Lonpor Propuce Marker —Loxpox, March 27—Even- ing. —Calcutta linsced, 63s. 3d. a 63s. 6d. Linseed cakes, £11 15s. per tun. Linseed ot Nae Per tun. Spirits tur- penting, 32s. 9d. a 33s. p FINANCIAL, — The possidility of a new issue a ‘@f inconvertioie paper I regard with amazement and anxiety, and, in my judgment, such an issue would dea detri- ment and a shame.--CHARLES SUMNER. <SPUTS" AND “CALLS"—THE “WALL STREET Reporter” explains how money is made in stock specmiations. Cail or send jor a copy. L.W. HAMILTON & 00. Brokers, 48 Broad street. A =—TRADERS’ DEPOSIT COMPANY, 8 LIBERTY + street; money to loan on approv rities. UGUST BELMONT & Co, Bankers, 19 and 2] Nassau issue travellers’ ngs ‘vaulable In all parts of the the world, through Messrs. De Rothschild and their correspondents. Also commercia! credits aud telegraphic transfers of money on Calitorsia, Kurope and Havana. HAZARD & MONTAGUE, NO, 6 RRUAD STREET, BROKERS IN S1OOK AND GOLD PRIVILEGES, EXPLANATORY CIRCULARS, WITH REFERENCES, MAILED AND QUOTATIONS SENT 10 ANY ADDRESS. =—STOCK PRIVILEGES—85) FOR ® SHART, 196, + for 100 shares ot any stock at lowest market rates, The only safe method of operating in stocks on limited capital fully explained in pampn pets ig fhinverys free on application, IDGE & CO., Bankers and Brokers, 39 Wa 1 i ween New York, be ai & Pid 3h BROKE 74 BROAD. uy SELL PRIVILEGES: AL80 Dotune~ *pRIVILEL Bs ON “MEMBERS OF THE EXCHANGE” OR Ri E Hae PARTIE: STOCK OPERATIONS, MADE NST APPROVED CON. TRAC BupEAtIONS PURNISH APLANA- TORY. CIROULARS wirn, REFERENCES MATLED TO ANY ADDRESS.’ PSLEY & BA 4 BROADWAY, | 20 witiam street, corner Exchany ete eek —MONEY TO LOAN UPON BOND AND Mont + gage on first class city Real Estate; also large Mortgages cashed. te K, STEVENSON, Jr., 11 Pine street T REASONABLE RATES—MONEY ON LIFE AND Endowment Insurance Policies, Mortgages and other Securities; insurance of all Kinds eifected with best com panies, J.J, HABRICH & CO., 117 Broadway, JOMMERCTAT, WAREHOUSE CO—CASH CAPITAL, $2.00,00..— Bankers and merchants; banking office, place; warehouses, ‘Atlantic Dock Brookiyn. Cash advances made on first Class securities on demand and time. Cash advances made on all kinds of morchaudise stored In our own warehouses on favorable term: PAUL J. ARMOUR, President JOSE B NAVABRD, Fige President, JOUN BATIED, Second Vieo President. FELICIANO LATASA, Third Vice President. Poul J. Armour, Wm. D. Gowerman, Cif, Delamater Jowe F Navarro, Keliclang, Hatara, "funn J. Sova, Thor phy. Henry B. Hyde. WILLTAM TOBIN, Superinteident of Waretiouses. ‘a | _James Cuywe, Secretar: ‘YLAIMS THOROUGHLY PROSECUTED AND LITIGA: J tion conducted without fees, untess successful, bidet = experienced attorney; expert in pankrap toy, cases ellent relerences. Adress LAWYER, box 2079 Post offfc MITIZENS'’ SAVINGS BANK of the City of New York, 58 Bowery, south west corner hes street. Prosent rate of interest six per cen! Interest commences the first of the month following the day of deposit. open every day from 10 to3, and on Mondays ant Saturdays from 10 to Bank books in ‘english, Gorman an Frene! E. QUINTARD, Mrestdent. _ Seymour A, Boxer, Secrtiary. bao LACKAWANNA AND WESTE: wl RAIL- road Co! mnpany, New York, March 27, 1874,—A Quar- terly BivigeH two and one-halt (24g) per cent has beei declared on the stock of this company, Peayable on and after 20th of April. Trans/er, ‘books will be closed from Sist of March until 2ist of pri ODELL, ‘treasurer JEFACLTED RAILROAD BONDS AND MISCEL- lancous Securities dealt in by WILLIAM WARD, 22 Broad street. R SALE—TWO FIRST MORTGAGES; ONE FOR one for $2,500, on property in ‘uus State was 009, 01 doubl a) Lares of the mortgages, and one for on property in a Southern as | about a year t sell at i pot A discount ‘or particulas F Newark and vicinity: partie: obtain a liberal bonus an A Mo Re ‘790 ‘Broad street, Newark, N. J. RsT nonta AGKS FOR SALE—ON PROPERTIES worth three or four times the amount, located in ving funds to invest can ATCH & FOOTE,, Bankers, No. 12'Wall street, make dealings in Gow Gold a special Tnterest alowed ondepoal a ana Sought on commission tor cash. YS HAVE MONEY TU LOAN ON GOOD NEW Eos: without bonus, pe snaibate de- Lior WoRwOW Oi baht a pbply to xchange place, “JERSEY CITY SEVEN PER CENT IMPROVEMENT menetpal pa ‘able in 1394—The act which au. tho orlabe the ese bonds states, that all. real and ste of the Mayor and Aldermen of Jersey ty and i real and personal bs te within the limits of the cit; Hi in all courts and p! held liable to the unctnal payment of both nae "i there: Re there ti ts no cheaper oF jneapal and how ollering in wr sale by DANIEL A. MORAN, 49 Wall stroct._ Ly TO LOAN, IN 8 IN SUMS OF $5,000 TO $50,000, ON pre pred tamara” masons ove ALLEN & HOWE. No. Pine street. ONEY TO LOAN ON BOND AND MORTGAGE ON geoond Moot and Westchester county first and eee, DAVENPORT, 181 Broadway. ID AND MORTGAGE: onny as Fv ow tg 6d BON: Rand eold at 0 ANFENGEA'S, A'S, $8 Fine annie Bile deat OTICE TO CA 4 Nepiee ca! J rovince area ieeem Mareen ‘a nn ie sald ara Ce tar: sana