The New York Herald Newspaper, May 22, 1874, Page 8

8 FINANCIAL AND COMMERCIAL. A Proposed Convention of Cot- ton Exchanges. THE MONEY MARKET. Gold a Shade Firmer—Shipments To-Day— Sales by the United States Treasury. STOCKS BARELY STEADY. | Wan, Stneer, | Tuvgspay, May 21—6 P. ‘M. There is now under discussion a question as to | the propriety of calling a convention of the cotton | Stl. exchanges of the country with the view of attain: | ing more certain and definive results and acquir- | hia ing More in/orimation than can be had at present | concerning tis crop. The idea is a good one. Cot- ton (orms such an important part of our commer. | Mit « ctal machinery, and ts 80 largely identified with the movemedt of large sums oi money at home and | abroad, that it sbould be the aim of all who are connected with its production and sale to supply | the most trustworthy statistics. For imstance, a | more efficient system ts needed for obtaining re- ceipts at delivery ports, not yearly or monthly, | but daily. 1tis aiso desirable to have more com- | plete reports of the interior movement; a more perfect estimate of what might be called the in- Visible supply, and a method of scrutiny that will prevent errors from connting | gnd recounting stock in process of ship- ment {rom one locality to another, There should flso be a statement of the overland movement, the consumption North and South, and, m short, such a division of jabor in Making up these re- ports as that absolute. correctness would be se- | cured on the part of those doing cotton business | im the various sections of the country. There is | scarcely a Southero city in which the existence ot | A COTTON EXCHANGE i would not prove of incalculable benefit, for it | would be but a little time before the united labors of such a system of organizations would become of nationai importance from an arithmetical, com- mercial and meteorotogical point of view. Ia network of these exchanges existed to-day in Lawisians @ week woula sufice to collate vaiu: able and ttustworthy facts concerning the cotron lessées And prospects inevery county of the inun- dated region. The information would go torward to New Orleans and we should derive Knowledge that has no jittie bearing upou the furure of the trade. The illustration likewise appiies to other | portions of the South, and there ts no good rea- son why a Well concerted effort should not be made, baving for its object the collection and pub- cation of this kind of reports, | FOREIGN INFORMATION, | We onserve from our London exchanges that a movement is on foot to enable the working classes of England to purchase consols in sinail sums through tne agency of the Post office, even to in- Vest so small an amount a3 £1 lus, 44., yielding in- terest at the rate of 1s, a year. A committee of geutiemen recently walted upon the Chancellor of \We Exenequer for tne purpose of presenting the subject to his consideration, and that ollicial now nas it under advisement. The chief objection urgedas that {t would overload the Post office de- pattment with additional business. The CHancel- lor states that he has.a similar scheme, which may possibly be more advantageously operated than in the manner above proposed. The Bank of Eng- land made a gain of £398,000 im bullion during the week. The London markets Closed op quiet and firm at the follow- ing quotations:—Consois for money, 93% a 9354; Ao. account, 9334 a #344; five-twenty boads of 1865, Old, 10754; do. ao. 1857, 10994 a109};; ten-torty bonds, 10434; new fives, 104% a 104%; Erie, cza 8234; New York Central, 8844. The bank directors ®t thelr regular meeting to-day did not change the rate of discount and it remains at 4 per cent. Ths proportion of the bank reserve to lanilities is nowy 414 per cent. against 3744 per cent this day last week, The specie in the Bank of France has tmereased during the week 9,644,000 francs, In Frankfort, United States vonds aré strong and | bigher, 1862's being quoted at 99%, and 1885's, ola, atl@i44. Rentes in Paris closed at 59f. 55c. | . THE MONEY MARKET. Money on call was easy at tne close on the basis of Sper cent, Foreign exchange was dull at 4.8735 @ 4.88 for bankers’ 60 days sterling and 4.9034 a 4.91 for demand, GoLD was a trife firmer to-day, opening at 112%, aa- vancing to 112, receding to 1125; and closing at 112%. The rates paid ‘or carrying were 23, 2 fat, and Onaily 1 per cent. The operations of the Gold Exchange Bank to-day were:— Goid balances $1,011,851 Currency aiat 1,137,127 Gross clearances 19,074,000 CLEARL Currency exchanges T. Bsr 933,558 Currency balances 3 97, an Gold exchanges... 8,545, 34 Gold balances 3 sao oat The gold shipments to-day amounted to $1,070,000, the steamship Pommerania, ior Europe, taking $800,000, of which $245,000 was goid and siiver bars, and the steamship Merida, for Havana, taxing $150,000. THE UNITED STATES TREASURY. The following are the balances reported in the United States Treasury to-day :—Currency, $9,727,- 344; special deposit of legal tenders tor redemption Of certificates of deposit, $56,410,000; coin, $57,597,- 993; including coin certificates, $36,030,300; out- Standing legal tenders, $362.000,000. The receipts of internal revenue to-day were $300,642; from cus- toms, $466,000. The Assistant Treasurer to-day paid out $412,000 on account of interest and $56,000 | im redemption of five-twenty bouds. The bids tor government gold to-day amounted to $5,380,000, at | Prices ranging from 111.75 to 112.3% The $1,500,000 | Was awarded between ii2 35 and 112.39. GOVERNMED were firm and in good demand, principally on ac- | count.of home investors. The sollowing are late quotations :—United States curreucy sixes, 117 @ 117%; do, do., » Tegistered, 120 a 120%; do, do., do., coupon, 12175 a 122%; do. five-twen- #88, 1862, registered, 1154; a 11. do. do., 1862, ; coupon, 115% a 115%; do. éo , 4117; do, do, do., coupon, 1865, registered, 116%; a 117! 1864, registered, 11634 174 @11T4; do. do, | do. do., do., coupon, | 11834 a 11834; do. do., new, registered, 1i99¢ a 119% 7 | fo. do., do., coupon, 119% a 120; do. do., 1867, registered, 119% @ 120; do. do. do. coupon. 120% @ 120%; do. do., 1868, registered, 119% a 120; do. do., do,, Coupon, 120!¢ a 129%; do. ten- forties, registered, 115 @ 11544; do. do., do., cou- pon, 115 &@ 11); do. fives, 1581, registered, Hb @ 115%; do. do, do. ex coupon, Llib), a 64. SOUTHERN SECURITIES were negiectea, and in some of the issues marked by asiight deciine. The following were the latest bids:—Missouri sixes, 97 do. do., Asylum or Caiversity, 94; do. do., Hannibal and St. Joseph Isge, 04; Olio sixes, 1575, 100; do. do., 1881, 108; do, do., 1586, 106; Te; 2 old, 82%; fo. dow do, eX coupon, 60);; dd. d0., new, 824; do. do, do, ex coupon, Virginia sixes, new, 35; do. do. deierred, 10%; Georgia sev- ens, new, 88%; 40. do., tndorsed, do, fio, gold bonds, 70; North Carolina special tax, clade 1, $34; do. sixes, old, January and Faiy, 20%; do. do., do, Apri! and Octover, 205;; fo. do. North Carolina Railroad, Apri: ana Octover, 98; do. do., do., off Jannary and July, 28; do. do, do, off April aud Octover, 28; Sour Carolina sixes, 25; do. do., January and July, do. do., April and Octover, 17; do. do, Fi Act, 1866, 17; Texas tens, 1876, 56. BAILROAD BONDS. Reference was made yesterday to the decline in Central Pacific Railroad bunds, They are still peing sold on German account. A great many Buropeans are said to Nave fallen tuto the error of sapposing that the Central Pacific was not entirely Aistinet irom the California Pacific Road—which is the case, We are informed that there is no proba- BONDS v NEW YORK HERALD, FRIDAY, MAY 22, 1874.—-TRIPLE SHEET, bility whatever that the interest on Central Paci- fics will notbe paid. Theincome last year was over $4,500,000 net, im excess of the interest account, and the prospects are stated to be no worse at present, {tis possible, however, that the bill be- fore Congress to compel the Pacific railroads to | Pay their debts to the government has some- | thing to do. with the sales by the cautious Ger- mans. The dealings in thé general range of railway bonds to-day were not large, and prices Were steady, with the exception of the Pacific mortgages, These were weak and decitned to 90 for Central, 84% tor Union first and 7% for both land grants an¢incomes. New York Central soid at 92 tor sixes of 1883 and 106 for firsts. Michtgan Central sevens brought 95%, Lake Shore consoli- dated, registered, 97; Chicago and Northwestern consohdated, gold, 83; Rock Island sevens, 105, and | Pittsburg third, 100. The following were the latest bids:— = « ib & Si Buff & Erie new bds. & state L. ore Col Lake hore gee dee Lake Shore c Marietta & cin, ‘ist ‘", a Mich Len con 7's, 19U2.. #535, Mich Cen Ist m. 8's, ‘ska &» Haven 6's. New York Cen 6) New York cen 6's, NY Con's B76 New York Cen Ist m, col05% New ork Con lst m.r.10 2d peels "85. is ’ m. hio & Miss con... Obi0 2 tik Sd wa Gout? OF F 8 wom, 104) con 2 ke W Morris f Essex etm mcifie Jus, Inc. baci Bie of Mo, 24 a Pre RR 7's, gtd by Mo Pitts, Ft Wa C at igs. 836 Pitts, hr W& Glev & Pitts mane < . © Cole Ohi & Ind 2d.°° Alton & T Hzd pt... tol, Peoria War.W D i Tol, Peo & War cou Ms. Ht To! & Wab Ist mex 7 pe, 24 m, . MichSo aN oti pe: “Oba Clev & Tol st Cley & Tol new Clev, P & A old bd: Clev. P & A new bd Detroit, Mon & Tui 1) Tole Wad istm. 8t fi > tame 96 = 2 Toledo & Wabash 2 $8 Quiney & Yo! Ist, 90... BANK SHARES. Bank: sbares sold at 111% change, 130 for Gallatin National and 893¢ for German American. THE STOCK MARKET. Operators in stocks were not to-day encouraged by any material advance, dectine or activity in the market. The bulk of business was contined to brokers, sufficient temptation not yet offermg itseif to outsiders to take advantaze o! the situa- tion, The changes were comparatively triding, a few stocks showing a {fractional improvement Og | upon the lowest prices of the day, and the majority barely holding their own, as compared with the opening Ogures, Itis.@ condition that cannot be | measured by past experience and equally forbids the prognostications of the most hopeiul. A lew thousand shares used on either side serves to tipthe seaie from aay today and it ts only the purchasers and sellers of large blocks of stock who operate with anything like saiety. As we have betore intimated the natural tendency of the market is drooping. This is shown by com. paring Mgures now and thirty days azo, norcan a | 60) healthy rea*tion occur and a strong basis be re- established until confidence returns, trade revives, the money problem is settled and currency becomes more valuable. Temporary fluctuations are not, therefore, sure signs to be followed. The transactions to-day amounted to the smail amount of 105,477 shares, which were principally dis- tributed as 1oliows:—Western Union, 23,010; Union Pacific, 14,200; Wabash, 10,200; Pacific Maul, 7 900; Obio and Mississippi, 2,000; New York Central, | AJ 6,150; St, Paul, common, 3,850; Lake Shore. 16,250 Rock Island, 6,920 rthwest common, 9,340, The range of prices were as follows :—Western Union sold at 714 a 7134 @ 70% a 7134, Pacific Mail at 42\ a 41%, a 42%, Erie at 3544 a 3534 a 3553, New York Central at 9754 @ 97448 974 A Ohic and Mississtppt at 23+; a 28 @ 23% a 234%, Lake Shore at 75 @ 7434 @ 75a 7514, Union Pacific at 20% a 262 26% a 27 a 26%, Rock Island at 06a 955 a954 a 95%, Northwest common at 415; a 40% a 402405, preferred at 59 a 58a 57% a 58, St. Paul common at 32% a32%; 052%, preferred at 52 a 51% a 52, Wabash at 96%; 0 36 a 35% @ 8644 a 35%, C., GC. and L ©. at 18% a 19, Atlantic and Pacific preferred, 14, HIGHEST AND LOWEST, The following table shows the opening, highest ant lowest prices of the day :— jor American ex- New York Central, 9744 Harlem. 125)¢ Erie. 8534 Lake Suore. 74% | Wabash... 85M Novtawestern. 393% Northwestern preferred 69 yore Roek Isiand 965g 9535 Pittsburg. 87% 87% Milwaukee and St. Paul. 32x 38246 Milwaukee and St. Paul pf. 62 b1%y Ohio and Mississippi. . 23% 23 New Jersey Centra: 105 4g 105 Dei., Lack. and Western. ..1073¢ 107% Union Pacilic... 26% 26% c., ©. ana 1. 19 18% Western Union. Ts 70% Atlantic and Pacific Tel. 155 16% Pacific Mail. 4 41% Panama... 104 MEMORANDA. Itissaid that the executive committee of the Alton and Terre Haute road have agreed to | recommend a@ dividend of 3 per cent on the pre- ferred stock. The net earnings of the Iilinois Cen- tral road show an increase since January 1 of | $200,000. The St, Paul Ratlroad likewise shows large gains, and makes a favorable exhibit of earn- ings upon its trafic, The comparative earnings of Chicago and North Western are as foiiows:— For the second week tm May, ending on the 14th :— 1873, 187: From May 1 to 14 (two weeks) :— Rapninas. 1873. 18%, Tot $468,684 Trotal increase: From Jane 1 to May 14 (eleven months and two | weeks) :-— Earnings. 1873-4, ‘otal gona 949,218 $13,548, 684 ‘Total increase or eeee e681, 500,475 It is stated that the company owning the new cable now on board the steamship Faraday hae made @ contract with the Atlantic and Pacific Telegraph Company for a land connection, 1872-3, | SALES AT THE NEW ‘YORK STOCK BXOHANGE, | Thursday, M are Zl—10 A. ag Before © pd shs Union Pac. GO recess Besesagss cer ce bu 10 Ohio. 2Lsé M Bn do 10 do. i00 do ino ao . ‘a See %) do wm” do 7435 10:15 and 15:30 A. $1500 US 6'%6 121% $200 US 5-200," Nias US Bs, 9% 750 US 5-20, ayn V0) Us &20, 6, 65, m. do. First Board—10:30 Ae Me $1000 Alb & Susq Ist m. 103 80 ahs TIL Con Bik... 5.00 Chic & AN. ine. 1) View av itty G00 © & Ret 2) Del a Wie 00 Kirke Ist m n (old yesterday afternoon, should have tween Erie 4d guy ey aa P=) b | HoUssxe ti. 1 ii rr Un ac 7's. gb, 4000.) ine Hein 400 S00 P, Fee a G iat nu £7 iH ine. Se es bx Bk. 10 Ger-Am Bank. 7 . a ray 1 a 10) 30% Lo wo it 8 i = i B00 mn 30) 7 = 00 71 FY ’ yt 800 es 8h 1 By |g 5 3598 4 : 3 36 wy , mm 4 0 wn 30 9-5 wo) ion oo be i WO Ate paciae pide 12:30 P. M.—Before Call. 10)shsL 8 AMS R..53 7474 wed bs 74 $1000 © & NW con. Jou shs ac Mail 5: 100. do. my) do: uy do. 400 ERI 1000, 80s Bo fi . 708 Chi TRR, 115% US5's.c hee GHURSCPAS 19000 do... ib $200 Tenn s's.ns. .be 15000 AlbéSus 2d 200 i) Det Me Tist-be 99 2) 00) Cen Fac gold bas 90. Lod 500) Un Pae 2 Ist... BE Bon.c BNW ce gis 8, 10) 4000 Hud RB 2 50 Wu Mor & Es 30) 10.0 Bd & rv Ist..be 50 be Long ioek bonis vi 100 Chit As shs Am Ex Bank.. 11 109 10 Germania B LOchi« 31 Bank WwChi = 55 1233, 400 At & Fal be 15% 100 Mariposa Min Co... 3 100 Wes Un det....b¢ SB eBEESETE.. SES: 18) Mor & Es RR.. 10) Ata Pac pt... 2:30 to 3 P. M. TWshsLS&NSRR.. 100 do. 3 do 109 Ohio & 60 ao. % 70 do. 800 bbls. at $4 50 for Jersey, $4 dywine nd $4 40 8 $459 for Western. 285 25 ao a 650 a 700 Superfine Western. a 590 | Extra Western * a 635 | Extra Minnesota, a 80 Round hoop Ohio. aint & 635 nd hoop Ohio, trade 70 Family... a a 89 2 a ‘a a 7% bt. Louis, choice double e: as 9 St. Louis, chotee samtly al) fornia. inal. Rye flour, gue {0 suneriine, a ow Southern! No. 2. a 47 Southern superfiae. a 505 southern extra, a 82) Southern tamily awis Corn meal, Western. . 6 Corn meal, Jersey. Corn meal Caiorie Golden Puacheons., —Wheat was loss active and easier except for fat livery, The sales were spout 100%) Dushois at § 4 46 or re —_ haps + Bi 45 soa gt ey for rive vat Milwaukee and Stivnetot st'35 a $l 52 tor Node 819) for white, $1 6) tor amber winter. Gorm was in démand firmer. The sales tout up about 75000 bushels, at Sic. eo. 108 new, and old mixed. closing at 7c. a 873c. Brice! ate, tor high mixed to yellow. and 8c, a9 € lor White. Onts were dull and lower The sales were 6 about 32,00 bushels, at Ge. ate. tor mixed, Jor, white, with choice do, at 67e., closiug with a contin: ued downward tendency. Batley remained entirely nominal Kye sold to ihe extent Canada, in bond, at $1.03, Western quoted at Freigits.—ibe market for berth freights continued wet, but there was uo appreciable change in rates. In the'chartering linea good business ‘was consummated, the call being mainly for tonnage suitable to the petro- pe trade. Rates,” though ea: eas uaally I. The engagements incidd TPO: S000 bushels of cruin’ Mt Ded, 24.00) bushels Of steamer of next week at lid., 60 boxes bacon atts. a 37s, bales of cotton on private terins, 1,200 boxes cheese within a day or two. -hot previously reported, at 40s, ‘To London, by steam, 30 hhds, tallow The eharters includ: Norwegian park, hence jor orders, with 3,700 quarters of grain, BS T2 lay days; a Norweu! jan bark, hence to AntWery quarters of urain, at 7s; a Kussian bark, hence Havre or Antwerp, with 5,00 Quarters of do., at 6s, id.: a British ship, hen to iivemen, with 10,00 obis. reaped petroleum, at 4s, da. ; an lralian bark, nenee to’ ork tor urders to the United Kingdouy With 3.300 bols, of reflned do. or if direct 5s.;"a Norwegian et hence 60) bbis. of refined 4 di veg oe tira direct port United mh. with S60) bbl, Of refined do, at 58. 44d., ‘with lay anes up to to the ath June, ds. 6d. af to the “Oth of June; a Norwegian schooner, Hence toa Balue port, with 1.000 bbls, of refined do. at 6s.; an American ‘bark, hence to Dantaig, with 2.0) Dbia. of reflugd do., at ts.; an Ameri- | can bik, Nenée to Beliust, with 2900 etined di AL Os. a barn lence to Nakseilleg with 3,00) bbls of petroleum. on private terms; a British bare, henee to a Continental port, with 00 bbls. odo, dae at as 9409. a British ship of 1225 tous, and a British hati ot 936 tons, placed on the berth tor Bristol, to loxd general cargo. Mouassis,—Vor refining grades the market was rather |, quiet and prices slightly favored the buyer. Trade qual- | ities of foreign were steady under « fair demand. Do- mestic was loss active owing to the extreme prices de- | manded by holders, | The, stock, this date includes 1.835 | Dhds. of Cuba, 928 do. of Porto Rico, 1.278 do. of English | Isands and “3,00 bls. of New Orleans, We guoie:— centrifugal and mixed, Se. a ido. O, mnuscovado, refining, 87¢. @ Alec; | r ‘orto Rico, dUc.'a 0c. ; Eng: | Grveans. 705, a 886. For spirits of turpentine the market was duil and not essentially changed in value. Round tots in merchantable order'could have heen obtamed at but were not wanted. We tote sates of 25 bbis. at and 100 New dork bbls, at 40c. Rosin aitracted more attention and the market was firmer, struincd closing at $2.% a $270, The sales inciude 70) bbls strained ut $2 19, 300 bbls, of do. 65 Mat, £0) smati | bois, 200 bbls. of low No. 2 at $2 70 and 190 bbls. noted noni: sear i | rch of 8,000 Unshels of New crop—Cuba, clayed, aée. a A0c .. dO. grocer! sit Islands. 406. 7 i d $2 60 for Washington aia Piten sold in jobbing lots at $3 fo Petsounuw.—in relined the market waa Atict, but | remained about the rae anies At 15%4c.. spot or mouth, L3ge. for first, and 134s¢ ¢ Halt of ‘Sune. We note sales of 3,0.0 bbis. of hah best spor at He.; and 390 bbis. of do. for first halt ot June at titge. Crude In bulk was held firmly at 5%e,, which price Was above ine fiews of buyers, Cases were quote! steady at 1% Ise. and mate was entirely nominal at Sic. a er aprime. rhe, Putiadelvnla market remained ae usc. for spot or month. We note a sale ‘ot hy eis tt haut of June at 13%c. At the various oil prodtcttrg points the market wits reported quic: but firm, with quoiations as tollows:—Oll City, $1.9. Hetroleuin Contre, $1 Ua $185; Kouseville, $1 id; Husvilley Bi dd. Tulloute, St iy Parkera, puss Union and United lines, ane about $1 be ry tines. | dis pack mack pork wa i delivery: quoted at$ 8, cash i month. Bit sales | include 4,00) tierces for June, at trom $1/ 95 to $18 10 1.00) bbls. tor July at $18 26 The market tor bucon was very firin, but quiet. Ae note a sale of 10) boxes 0! long clear at 10 3lbc. a 1'4c., short do. quoted at Wigc. Dressed hogs were quist anil steady ; quoted at trom to 74,c. for the range of tr Ber was a mode- | rate inquiry to-day and prices were steady, Lots to the amount of 6) packaves were placed A prices ranging trom $10 to $12 for prime mess, iiaa | 13 a Sik tor extra do, $2 a $23 for Rie | | a extra ness. continued aut but, values unenanged ; small lots Bs disposed of at figures within. the range 23 \ the Stange “or "Southern, “and. a $35 for Westatant” iy, suesiathe.. merietecacan. neadion to-day, but the demand was comparatively licht; we Heard of sales of 1,W0) smoked shoulders ut se. a 8c. per tb ar ay do. at Tae, 9.7740, OU smoked hans at 130., 5.0.0 Ibs. of pickle 4 ti ib 1d— market tor ae estern Was again firmer the Nenana fair Jor mture delivery. closing quored at 1 F-t6c. cash or May: sales 25) uerces ior May for Jung at Ive. a Wie, per Ib 1ige, a 11ige., and 20) teres fli tel6e. | fuck.—The demand to-day has been fair, in adistrib: | uting way, with prices ruling steady. the: ‘sales foot up | W tierces of Carolina at 7c, a disc. per + smal! sales or epee at Tie. a T3ge. and 200 bags of Ratigoon at Dye R—The market for raw. sukar was inactive, but prices exnibited no chanze, ‘We heard ot aules of 100, hhds. of Martinique at $756 per 100 Ibs. and 220 boxes of centrifugal at Sic. per Ib. Refined was quiet and quoted steady at Sie. . for standard “Aig” 1Ohge. for granulated and 10sc. for crushed and pows Messrs. Wait, Creighton & Morrison, in their Peete oF this date, swzh up as follows:— | ids, Boxes, Bags, Melado, Stock (ascertained by actnal ih count, including ” specula- tion) May 1, 1874 EAD ell | 4, 22 53,044 181,652 | Receipts since May 1. 41,497 23,670 ast CLOSING PRICES—3 GOLOOK P. M, ag es Be ete 2 94.541 er 250 Woe Cn Tel. Ts 0 a Chi & N Woe... 40% | Sales since May"... 18:373. “6: 45) ‘ anWyp ey in S97 Saicksawer - Hie) “ ster peed Bret. es 4 ‘k this day, May 21, 1874.. 110,377 139,599 "2,130 Del, rack & W. rie a ng Chie ki + 95% a paring with stock May 22, } vais, 0435 1058 as : : 239,992 5,907 os 63.043 59,615 67.239 3,247 | 23! ke Shi id a | = te Cua. Retin Sores g ecaeee, Se | Lal .e Shore. —We at ‘uba—Refining, interior to commot Union Facitie:: Ka WW | a 74 "0, food 7 or good. Mo | 8 pride te choice, & pacer ‘rut nds ‘and a ts |b ) Nos. to 1s, & se gis COMMERCIAL REPORT. | Boxee tera 7ic®. tated 4 : eee ti, | Duten stand: it oe Cotton Dull—Flour Dull and Heavye | 427%) (ls Mh} aca Os aac ‘3 Wheat Easler—Corn§ Firmer—Oats | Rico-Hefining,, common’ ty prime, ie. Be." grocery Dull and Lower=Pork Firmer=Lard $15 /2 00 8728, eae | ja A—suverior and extra superior, 7 | pee onan glare Tho uiarhet was inactive, Dut finn; peitee | and Spirits Turpentine Quiet amd | iii Sarslistine mae. Suib ieee unchansed in Steady — Rosin Steady. Firmer — Whiskey THURSDAY, May 21—6 P. M. The trade movement was slow to-day, save ina few commodities, in which there has been a specu- lative demand. On ’Chauge flour was dull and nominally lower. Wheat was easier, under full | receipts, notwithstanding a large proportion of the receipts was tendered to fill contracts, most of which were at prices considerably above tnoze now carrent. Corn ruled firmer, with light re- ceipts and continued good demand, Oats were still dull and heavy, and prices were lower. Wnis- | Key was steady. Pork and lara were in’ good | speculative request, and prices were considerably higher, the market being buoyant at the close. The grocery market was quiet throughout, but prices | showed no appreciable change. Cotton was dull for low | on the “spot? and only in moderate demand for “fu- | tures;"’ prices unchanged. Petroicum was quiet, but about steady in price. Spirits ot turpentine was also quiet and steady, while rosin met with a better inquiry and wal firmer. | Corrox on the spot was dull, but unchanged, “Fa- tures” met with @ fair busi and the market w@ firmer, but no decided advance was established, We uote ‘ Cplangy, alarrna. Ordinary..... af good ordinary Strict good ordi Low middling Miadling. .... ie 13 Good middiing. 20. quotations are based on cotion In store running re not more than bait @ grade avcove or below the drade augied. ‘The transactions were :— To At Last moging. Total. Ey Constmption Speculation Totals 285 “ 650 —bor tutu very idling) the sales nav. boon as follows :—Lastevening atter two o'clock—Ma bales at i7 2. (WU atl] 208z0., 2.00 10% at 17 u7-dde.; July, 2,500 at 1849. ide. ; Aucust, #0 at 18 ZL32e.; September, Isuers Ue up to 2 ¥ ber, WO atl7%e. Total, 9.000 bai M. Wat 17 AT er 100 a ‘de.. 700. $16 Mm 110) at ty bed Oy at 17 97-84 2m) at IT is Pyrat 1 Wide. HO) a 5-16 1p 13.82 70 at Wie, at 11 se 15%., 100 ab As 1 bp ight foe ar zi Lend 100 is . Grand total= pales. @ as tole fea eipts at we various ports w lows:—Galvesion, 24% bales; New Orieans, 47: Mobile, 219; Savannah, #6; Charleston. 105; Wiimington, 24; Nor: Baltimore, 6; York, 707; Phitadeiph 178 bales. ¥ last Week, 2,008 bi | Tite aay lant y Corrke The iuarkes continued dull, but prices were nominaily steady. We have only to fote a sale ot bags of io, per Ontar The stock of ooftue.sn frst hands, other than iio, inciudes 6,007 bags and 14,600 inats of Java, and 13,938 mats ot Hingapore. “We quote — fie, ordinary, cargoes, LiKe. Wisc. lair, do. 18ig0. @ a4, O. 4 Wie. prime do., 4 o UAfoind range for lots 1748 bags, Zac. a 440, uc. Maracaibo, tse. Jamaica, Die, by * ushels; corn, 71 C . 8 bags gaik, 50088 bustiels,” The. flour ‘market was sci and heavy, and prices were nominal. The s#les since last Feport foot ap about 9.000 bbls. Including all ki prices withitt of the revined quoca: pended. Coru meal was Armer aud sold to the extent oi i Witsker.—Keceipts, 579 bbls. ‘The market was steady and the inquiry fair. Sales 275 es all at 9736c, DOMESTIO MABKETS, Gatyeston, M. Cotton dull and weak: good ordinary, sega tte ing, Rec. per Ib. | | | Tiepee eae rooting in Die: BEporty-<ro > France, 786; | coastwise, 192. tock, 15, Sew Oncrans, Nay 21 174, | demand vate: middling, tee, eed ordinagy, inc. oruinary, Wye.’ Net Teevipts 4 baton ross, 5b. Exports coastwise, Sales, 1. Evening, Llu). Sook, 78,219. re PU | Cotton irregul: Montty, May 21 | jiddling, C. a 1 Exports coastwise, 13. fs EC: Savatnan, May 21 ise Cotton dull; middling, 17%. Net receipty 85 bales. | Bross, 86. Exports coustwise, 433. Sales, 13. Stock, 20,130, Onantuston, May 21, 1874. Cotton dult and easier; middling. I74c. a tKe.;, low | miiddiing, I7%e, Net receipts, ales, i:xports coust- | wise, 20, Sales 100, St 3 | Witaixatox, N. C., May 21, 1876. | Spirits of tarpentine steady at Soc. Kosi ay at $225 for strained. Cruse turpentine stea for urd, S28 tur yeliow dip, S540 tor virgin. var atondyat pee Osweao, May 21, 1874. Flour stendy; sales 1,700 bbls, at $7 73 for No, spring, $4 5/ tor amber’ winter, $9 ior white winter, $9 5) jor double extra. Wheat in light demand: sales 100) bushels thir white Canada at 31 90, 290) do, ex.te Witite Micnigan at $1 75, 1.UN) do, No. 1 white do, at $1 73, Kou do, No. 1 Sulwamkee lub at $148 Cort In nig demund for car lots; Yes OW bushels Western mixed ut 79c, 0,400. do. No. Vat ete. Corn meai—$1 70 tor bolted, $1 65 ‘tor unbolted per cwt, Millleed—Short stuity, $41; middungs, r ton, delivered freighis—Wheat, 8c. ; corn, Thee: peas TAgc. Cotton dull and tending down; receipts, Z1y bales. New York; lumber, the liudsony 93.78 to Now bin, Ho New York. ‘Kailroad froightesFlour, to Boston: 4.7" to Now ito Alvany, SOc. ‘Lake receipts—3,00 bushels 72,000 tect of lumber. Canal shipments—7,500 1s Wheat, 841,000 feet of iumber. Burraco, May 2, 1874. the last twenty-icur Lake and sail, imports for wheat, 107,100 bushels: corn, ¥, 1,009 do. Canal ship: W.7 do. Kail ¢ 8; ‘Corn, 76,105 do. ; oats, 23% Canal trewhts dull, wheat, I oais, 7c. Flour in good request; sale Is. Westean spring at $9 (9.0 $1; bakers) $7 a $7 73: ber, $1 ba 88: white. 8s i. Wheat potain ‘Olt, Milwaukee No. 1 spring, $143 a $1 $i°S;, Sheboygan do.. 81 4; rea winged, i Corn Aaa sales 6,000 AGH iy ‘Ket bare. Rye anada, $1 9 a ower "articles unchanged, ‘Touupo, May 21, 18/4. Wheat steady at $i TNO. i white $203: Weatern, $1.80 4 $1 90. Flour steady. Michigan, $1 45 tor So. 2 do. $1 65 tor extra do. $145 tor amber Michigan; June, $140; July, $1 49% a S140: No. | red, $105; N N red, suendy at Zbo, tor nih mixed. cash and May He. Reptermber; low mixed, sige. mo grade, Bsc damaged, 625. ‘Oni sly, At oh aco ag No. 2, z jor Mu Fre\, ants uli: ‘to Boitale, igo. & Se. } to Osweg ace Receints—6,00 bush els at 1, 25,00 clo. kG do. oats. Shipmedten: 26,000 bustiels wheat, 2,000 ao. corn atid 3,000 Go, oats, , Cmicaao, May 21, 1874. Flour dull and nominal. Wheat iil unseitied and Jower, at $1 2) for No J spring: $1 2 for No. ash; $i une: $1 10. 3d0., 3 ts Corn in fair deta And lower; closing steady it O20. Tor m iC. & GC, JUDE, i high mixed, 6ic, a Bighte 's at Sli, ind; BILLS, July, acuve and hi a 6c, ‘or shoulders; rt for short rib iniddies; Ye. tor short clear middies cash, loose, Whiekoy quiet and eamer at ite, a Mec. pretence in fair demand and higher— od to Butta’ On) wheat to do, 4c. Keceipts—0,000 bbl flour, 56, Dorhels whens, 66.0 do, corn, 62.000 do. fats 1:00 do. | ‘oon 1,000 do. bark’y. shipments myer pie four, 7 bushels Wheat, 22),00) do, cora and HAVANA Mal MARKETS. = Havin, tig eal per soften, Dato aan Mie ited tan ae gurrency., 106 106 a 107 tte a prema iS ort sight sort ent ee d0., 133 a jf Premium On (london, 1636 premium; on’ Paris, 18 premlum. EUROPEAN MA MARKETS. ad even: Fi ge mmo ona fe hornet Biia turpe Pe . 29s. 61. per ow! Livenroor. Pabsuee ‘anuyr—Lavenroot, May 21— Evening.—Spirits turpentine, 30s. per owt. —-— | PINANCIAL, _ ATE REASONABLE RATES—MONEY ON LIFE AND wr mnept dnsuran policies, Mortgages 2nd oi ba 4 nce tk J.J J BaBuCH ivy cl on uz Meoatease ueUst beprectwi CO A anker me travellers? neredity, ng Sanpete ‘arts of the world, through thi lessrs. De Rothschild and their correspondenw. CAL ‘credits ud telegraphic transfers of ‘and Havana. Al money “on Cal isornia, bur A $250, TO LOAN IMMEDIATELY, LARGE OR 6 small amounts, on Firsi jf Se lortgages — ERY, city OF ni lowest curre rile PAL OS 2 SEAR st BN! Beveltaoncn areee PApEy ERS, 74 ls gery RD Si naa waits ThkGe ALO companies. OF be yey eer Ge SPONST. S10 U RUN ANG BLE Fal ites Jere Ns i EX?! ALLE a 4 BROADWAY, A WRIOCK PRIVILEGES—950 FOR & SHARES, $100 Ji. for JU shares ot any Lert at bi gped market rates, The oniy sate method of 9] eapttal iully explained im Tinnahea nice application. TUMBRIDGE & Cv., Bankers and Brokers, Wall strees corner Broadway, New York. A, —I HAVE MO: TO LOAN ks. Boxd AND £ Mortgage on New York and Broek improved ‘Apply to F, 3, DRISCOL Spine street, Property. room Mi LEXANDER FROIHINGHAM & CO., BANKERS and Financiat Agents, 12 Wall street, te ety Corporaied companies, make investments tor Euro} ang American capitalists: ail. secure additional capltal tor manulacturers, Merehanws, miners and other enter+ prises; Various amounts Jor investment and to loan, A “STOCK AND GOLD PRIVILEG R100 AA. shares: $200 t9 $400 for double privilex for $10,100 gold, all 3) days, bought on ‘members ot the Ex: change? stocks and oll bought on commission; ex- Planatory circular turiished, Xo. 6 Broad street. AXy PARTIES DESIRING OBTAIN MONEY without delay, one or expense, except legal coualssiqus, ong ‘ork city improved Property, app! ly to H. LG. ', 11 Pive street. $10,002 TO BUY FIRST MORTGAGE BROOKLYN + jimproved Property; money to loan in New York and Brooklyn; money. fra eee apne to SAML. 5, WOOD, Jr. & Be, SFLGYD-JON N fot ALB INVESTMENT,—HAVE you FROM tates 0.00 in ready cash to invest in business and reept en enough to appreeiate a good thing it soan ia toga cen, he secured in an cstadlisned busi ct is where nearly $1,000 is already invested, and which, for secn- rity, ‘profit and respectability, is’ unexceptionable; no md; zeieptoes, exchanged. Addre: ce. willers need res] CAPITAL, Heri A M. JOHNSON & BROTHER, 160 BROADWAY.— + Moncy to Joan on New York and Brookiyn Sree: ut bonus; first, second and leasehold Mortgages cash Those desiring money will please call, \ BUSINESS OPPORTUNITIES, iLOTHING TRADE of, ei ha an nd athe bk SALE—THE locket! eyot wi gers jain, 01 prlotor. Aadaress as aor ‘TTELRS PATENT FOR ie NIT! Nh a gait improvement edict PENTLEMAN or Ci N88 UALITIES TO JOIN the rte ine ment ema ao proteuented: Wet WILL INVEST 83 $300 0 ae aig WITH SERVICES, IN I any respectable business; groe afrald’to work. ACdress TG. Dox 195) ieraid ome, X nt ‘WANT A PERSON WITH FRox Re TO $1,000 id tticle’ required: oy. evry tna ah reiendaares ey and speaiiant investment. KLTY, box, ASE, FURNITURE AND STOCK Home. New Bri nh. with boarders, faihag health of ‘ne Pro« Cun be seen Pay <A Ea N & CO., Lady Spy a PINE Sig i, 2 TVINGST iow r cent interest on gommodavions tsa pneneerest on depot oe oa bandos, Paris, and Berlin. ARTN ER WANTED—WITH $00, TO business that will pay $500 per mont W. H., box 149 Herald oMce, POKE FACTORY AND $008 rt tirers TIMBER FOR sale at a bargain, Apply at ich street. HE ADVERTISER, IN SEQUENCE OF ILL Health, wishes to Wispose ot his Interest {ns plat factory now in successtul ope tion under a. well knows me ih a city. of mite; amount required, about $120, Address 8. A. It Herald office ANTED—A PARTNER WITI $5,000 CASH, IN ONE of the most profitable manufacturing businesses this city; it wilt realize to euch DAFNCE A proMt of $5 ranhtin at least; reverences exchanged. For an ‘ine rview addi i k ©., Grand Central Hotel, New Yorks jo, a with $25.00 to take the place of the senior, who retires with a tortune: one partner remains. Apply to GRIGGS, CA N & OO., 98 Broadway. $200.74 GOOD, MAN WwiTd THIS AMOUNT, 'e_ready cash, eo have $12 per week; no co: mon job; must leaye city ya) advertiser; single man preferred, A‘ Address ENTHRVRISE, Hera o oft $1,000 | 00 WILL BUY A CROCKERY AND GLASS. are Store, in successti! operation. Must be sold by May 28. Apply to WILLIAM ANDERSON, 10 College pl ACTIVE PARTNER WANTED, INO A $2.000. downtown Iestaurant; established five rs; doing a eush trade of upwards of $20,000 year, Xadress OASIE SINESS, Herald office. $4. 000. XSPLENDID OPPORTUNITY FOR ANY . oLe Wishing to engaxe sn tho Sewing Mae ine Business; ene of the oldest stands in the city will be sold very cheap to a cash customer as the owner de- sires to go to oid ‘Address SuW1NG MACHINES, box 119 fera (oad ‘A RELIABLE PERS! N WITH 2-000. -ahore sum in on established manutac. ring Ht 00 seers jarge profits: the money wilt be secured on the real esiate, worth double; no risk. Only those having the money, giving fi nie, need address SAFESY, box 465 w York. $5,000. HALF INTERSST CAN BE HAD IN A * cash monopoly paving $100 to $400. per oe and be greatly extended: the party will have con- trol of finances; this will bear any inyesigauion and sae istactory ees hae given, Apply, in person, at 44 Dey 1 Post office, upon City Property for years; improved or un Inpro ed} ‘Address THUBTHL, box 3808 Post oltice. NDS OF ALL CLASSES—8TOCKS, GOLD AND Priv! exes. bought, sold or Degotiateds ap gacnanons and intormation furnished, WILi 5) Drexel Building, corner Wall roid broad streets, ONDS OF THE ST, JOSEPH DENVER CIty and other that it roads bought ‘and sold by WIL pan ARD; 5) Drexel Buliding, corner Wall and roa A‘ AMOUNT FROM “4 TO $50,%0 TO LOAN ‘no bonus, 1» UP stal $10. 00( NER WITH THIS AMOUNT OF 1. capital, to be employed in oil biisiness in Western Virginia; no risk; number one security given for amount; to anyone wishing to engage in Business with a practical iman this is an opportunity seldom offered. the business being well estauuished. Address A. + Hefald oitice. 15. 00: TO $2),000.—SPLENDID OPPORTUNITY for a party to purchase a successfully es tablished business, centrally lovated, m Broadway, with a good regular trade; proprictor. desirots of retir= ing, will accept real estate and cash inexchange. Ad- dress J. M., box 219 Herald office, (QouMERcrAr, WAREHOUSE COMPANY—CaSH apical, $2,000,000—Office, 29 William street, corner Exchange place; warehouses, Atlantic dock, Brooklyn. Cash advatces made on first class Securities, on demand and time; Cash advances made on all kinds of Mer- chandise. stored in our own warehouses or consigned to us on tavoraple terms. PAUL J. ARMOUR, President, v RRO. V Vice Pretident. Pani J. ineiaotr Ain, D. Bowerman, Josef. Navarro, Feliciano tangs i fi John Baird, mas Mur} WILLIAM TOBIN, Sty Me Tent ot Warehouses, Jauss Clyne, Secretary. ITY OF MILWAUKEE SECURITIES, OLD O8 NEW; Town or County Bonds of Wisconsin, Iowa or Min: sota, or Farm Mortgage Bonds, boaglit by C. SOHLEY, Milwaikeo, W Wis: NEO. W, KING & yt BANKERS, 74 BROADWAY.— Dratts on Kurope sums to suit. Correspondent im London, ALLLRSGE BANK—CIMTFED. ATCH & FOO’ Bankers Na le Wall strec ernment Bonds and Goid a speclalt on deposit. Stocks bought on commiss lon for cash. ALW as BAVE MONEX TO a Ox,GOOD NEW Fk elty Mortgages, without Donuts. "Prin string TO BORRUW OR Lhe) apply to rT . L. GRANT, Il Pine street. J] Rith ATTEND 70 THE FUNDING OF soUTH Carolina Bonds and C tees Interest_on the new bondspayable July 1,157 ational Park Bank, E. K. WILLARD, 19 Broad street. ERSONS HAVING CLAIMS WHICH ARK JUST, and who desire assistance, may obtain it by 4 irae dealings in Gov. Interest allowed | dressing a full statement of the case to L, L., box Herald oftiee. | Paeeoan. STATE, CITY OR COUNTY PONDS OR Mortgages wanted, im exchange for a large quantity of Lathrop (chain and ‘lock stitch) Sewing Machines, 1n perfect order. Address JOUN MACHINE, Herald office, 7 ANTED— Chi cage. apa Agena Southern Railroad Bonds, North- ern ite Kai id Bonds, inexchange for first class Real Estate. als only deait with. ALBERT 1 ii, Pa NF 4CO., Pine street, New York. ANTED TO HORROW—ON BOND AND MORTGAGE on Chicago first class improved Real Estate, sums of $10,000 und upwards © treet. e-third val ation, HAYDEN, 49 Wi YE HAVE $250.0, $10.00 AND $5000 LOAN, for five years, on «ood improved city Property. | sexe R. GIBSON, Jr., or K, M. GARETTSON, 7 Cedar street. E ARE BUYING SECOND AND LEASEHOLD Mortgages on Cit, Froperiyy large preferred. SAWARI LEAVITS, 54 Wail street, PER MONTH WILL BE GIVEN FOR THREE months tor $2.00), with real estate security able the amount, Principals address J, Y. 5., N street, room 10. WANTED IMMEDIATELY, ON FIRST $4. 00 class city Rea! «state, for wifich a fair bo- Dus will be paid. Principais only address CHAMBERS, | Reageee storms’ Hotel, Chatham street. | $10 .000 ¥ WANTED—ON FIRST MORTJAGE FOR g ve Tenth | 08 business property in ‘ooklya worth $50,100, and rented for $3,000 per anna Principals omly address MONEY, box 139 Her- ald of ce. 11,000 AND $8,000 TO LOAN—ON NEW $12, 500. fore city Property; no bont $000 and other larger amounts to purchase Secon Mortgages. H. L. GRANT, 11 Pine street. | $20. OOO ~WaASTED FOR A CLIENT, A LOAN + Oh, valuable improved real ‘estate in stchester county: security undoubted. Address Manererice, VERPLANCK, No. M Wail street or White Pains.” $40), 00 “TO LOAN—ON BOND AND MORTGAGE; Uist class city Improved Property: alse $12,500 for Leasehold. Address CHANCELLOM, box 253 | Postomice, | $200. 00 To ae OR BUY MORTGAGES ON city or Brooklyn pr ty Hpephold Mortgages purchased. £US McHARG 1% Broadway, Notary and Commi ner for every dtute BUSINESS OPPORTUNITIES, | A- ~$50 TO $10) CAN BH INVESTED MORE SAFELY voninyftocks than in any business atthe presont time: system fully explained by. or sending tor put paniphict: free. 1U. ‘BRIDY & CO., Bankers, Wall street, corner Broadway, New Yors. FRENCH LADY ABOUT TO RETURN TO EUROPE | HAL Would like to dlapose of Tiokots of: pair disinond Earrings, pledged for 9409, one diamond for 9125, ANd lady's gold Waten, for $4. Address, tor two days, FRENCH Lavy, Herald’ Uptown Branch oftice. A FORTUNE.—A VALUABLE MINERAL SPRING Property, with new and extensive Improvements, Tow ready to open, admirably located. combining all the attractive fentutes requisite, for 8 popular resort as well as a sanitarium, and requiring only practical man- agement to insure certain and large success. is offered lor sales very liberal arrangements ag to terms, Ad- dress WARD, care J. W. Kddy, No. I Park place, COMPETENT PE. ean sec patented article 77, Bighwabie ‘bus FACTURER, box 3 WANTED, A PARTNER, EITHER SPECIAL OR « active, witht from $3,000 to $12,000, iy hes manutac- ture of ladies’ underwear, &c., and sale sewing ma. chines; business well established, ‘nist can show n prone of # per cent on investinent. Cail on or address. H. M,, lw) Walker street, New York. A PARTY WITH $800 OR $1,000 CAN SEOURE A Half interest in an established and paring! business. Call trom 9 A. M. to P.M, D, 1,207 Broadway. x HONORABLE PAR ¥ WOULD LIKE TO Me ‘T an intelligent, consciontions man only, who 18 looks Es for a sitisiactoty business and able 10 Pay, oe ety hen found, $6.00). Interview at office of Mr, Nod oR eaek as treet. PA & WANTED—IN AN ESTAULISHED Soda and Mineral Water Business, to taxe the halt interest of retiring partner; @ good chance tor a smart th small Capital Call on or address H. 8,, enue. STEADY INCOME OF OVER $5) WEEKLY AND A haltinteress m aa ingreasing business, light and rofitabie, to a reliable mi: Address H., Dox 1d Heruid eifiee, NAPITAL NTKED.—FOR SALE, oxe intereat Cova rel Known and colebra' live taining proj th ortonwaod austeice Utahy tenth of a every int et aie Val” at aoe ing, pledged | $80. 000 TO $100,000 WAN TED—IN A MANU. facturing business that will give a net Rrofit of abont 60 per cent; estimate of profit Is based a petual posines: examination invited. Address R, H. box 120 Herald ottice. CHURCH COUNCILS. The Episcopal Council at Charlottesville, Va Forcible Address by Bishop Jotns, of Virginia—Intemperance and Church Membership. * °» OHABEOTTESVILLE, Va., May 21, 1874, In the Episcopal Council this morning Rev. Dr, Poterkin offered a resolution to appoint a commit- tee to.congider and report to the Council the best manner for removing irom the Prayer Book any office or service now bound up therewith without compliance with the provisions of the constitution that apply to the case. The resolution was adopted nen con. Rev. Mb. Mason introduced a resolution to the effect that, in the opinion of this Council, any par- ticipation in lotteries, gift enterprises and gift concerts is inconsistent witn the professions of a Christian, and that it is improper for a church or achurch institution to be aided by money. made by such means. It was adopted with only one dis- senting voice. The anoual reports of sishops Johns and Whittle showed that 1,141 persons had been confirmed members of the Church since Iast year. Bishop Johns, the Senior Bishep of the Diocese, in his annual ad.ress to the Council, rejoices over the large accessions to the Church in the last yea advises care in tie adiissivn of members, allud: to the great feciing aroused on the suoject o1 in- temperance and speaks O! the position of the dio- cese Oo! Virginia, always in condemuation oi this vice. He alludes teclingly to tae death of Rev. Dr. Sparrow, of the /uevlogical Seminary. Thirteen persons have been admitted to orders. He an- nounced the withdrawal oi Rey. Josep A. Lattane, | of Wheeling, and Kev. Mr. McCormick, of Peters- burg, Cumminsites, and says that he apprehended no evil from delay iu their cases, six Ionths, the loagest ponon of torbearance, aud in this con- nection he aliuded to the great past of the diocese of Virginia and its present state as deeply Protestant, duly Episcopal and distinctly evan- gelical, and its rubrical and canonical authority 3 ae suMicient tu legisiace tor any emergency, tmis security there was as little etna with individual liberty im the Church as in any denomination on earta. No other Church gives more unrestrained access to tne Gospel than does the diocese of Virginia. Une der its government the Church had grown irom a iveble band to a vast aud powerlul army, and to be graited on such a body was a priviiege not easily over-estimated, Few things lad veen more en- cuuraging to him than the ery of loyalty whicn had come Up Irom every quarter of the diocese in con. sequence o/ the leaving of some dissatisied brethren, ‘The possession o: sucn privileges in- creases our responsibility to guard them. The Bishop gave an account of the beginning of Ritual- ism at Oxford, forty years ago. uuder the plausivie pretence of superior churchinanship, a garb it has always worn, and under which iat nas introduced medigval rites, ceremonies, perfumes and atti- tudes Unknown to the Rubric. "01 the action of the Episcopal General Convention he said that its resolutions adopted were one of them too vague and tue other embold. ened the innovators, who had introdaced services not to be distinguished from the Church of Rome, and in some instances they had out Romanized the Romans and brought ridicuie On themselves irom those errorists. He thought the time had come for action, and this diocese shouid send delegates to the General Coniereuce prepared to breast an evil which had become Scandalous. In all his ministry oi half a century ne had never seen a person pervecsen by the words in the Prayer Book, but he had a tender compassion for many intellugeut persons who thought the tendency different. Prepared for any lawrol expedient which might relieve the con. science, lis mind was not made up us to the exact instruction to be given, but that the Council could decide. ‘At the conclusion of his address, Bishop Jonns | was warmiy congratulated by both clerical and a tatcen of the Bishop’s address as relates to ritualism was referred to # committee Oo! thirteen, to be appointed by the Bishop. Presbyterian General Assembly—Opens ing Ceremonies and Sermon by Rev. Crosby. Howara sp, Louis, May 21, 1874. The General Assembly of the Presbyterian Church convened here at cleven o'clock this morn ing, in the First Presbyterian church, and was opened by prayer by the Moderator, Rev. Howard Orosby, ew York, Alter devouonai exercises fa Moderator delivered the opening sermon, which Was purely scriptural in its bearing. ‘ne Toll was then ca:ied, and nearly all the members Nona resent, numbering between 600 and 600, Irom ali parts of the Union, aud inciuding many of the most distinguished divines of the Church. General Methodist 1 Episcopal Conference. LOUISVILLE, Ky., May 21, 1874. In the General Conierence of the Methouist Epis- copal Church yesterday the Committee on Episco- | pacy recommended a plan for the support of the families of deceased bishops. The report was adopted, The Committee on Boundaries made & report, which lies over one day, recommending that all that portion of Indiana nob mended in the New Albany and Jeffersonville appoimtments be transferred to the Tilinois Conference, ‘the trangier of @ portion of Trinity Conierence to the Kast Texas Conterence is also recommended, The Feport also recommends that the Missouri Confer- ence be allowed to change its boundary lines ee next four years if it becomes neces Ys