The New York Herald Newspaper, June 12, 1874, Page 9

+ NEW ‘FINANCIAL AND COMMERCIAL, ‘The New Finance Bill—Will It Be Vetoed? STOCKS AGAIN DROOPING. WA Foreign View of the Cotton Prospect. v GOLD STEADY AT 111. Government fecurities, Railroad, and State Bonds as Usual. WALL STREET, } THoRSDAY, June 11—3 P, M. Despatches from Washington indicate the extat- ence of tw» antagonistic opinions in regard to the Probable action of the President with reference to the Finance bill recently reported by the compro- jmise Finance Committee, While certain Senators, ‘who have interviewed the President, claim vhat he ‘vill surely veto the measnre ti! 1t pass, others con- mend that Mr. Sherman has received assurances hat, if agreed to by both honses, the pill will be ‘Approved. itis safer, however, to base judgment ‘apon the in’erences that attach to the first veto message of the President ana its tender—the mem- ©raudum published under the auspices of Senator: Jones, From this point of view it seems scarcely possible that the Executive will depart one tota Arom his pronounced policy, and give to THE COMPROMISE ‘the Bligntest approval. ‘here was not “a polot of objection made to the vetoed bill in the veto mea Sage that does not apply with equal force to the Present bill. The President clearly does not be- lieve in expansion of the currency in any form, and if the English language. means anything, Avhether we find it in the veto message or in the @ecent “memorandum,” it means that the author of both, if his memory be true and his firmness characteristic of the man, will show his un- ‘qualified disapproval of the monstrosity, “cooked ‘up’? as it is to save the seats of Senators and Representatives who haye tried to Micht him to the death and have failed for six montis to maintain either the dignity or the influence of the posi- ‘tions which they hold. THE S1OCK MARKET. Stocks to-day were again drooping, the transac- ‘tions being small, buyers few and confidence in ‘the Immediate fuvure by no means assuring. It is mauneceasary to repeat the comments that have Yeon repeatedly made concerning the situation, for we can tell only “tho old, old story.” The fluc- htuations ef the day were comparatively slight and jatterly unsuggestive or promising. The principal jdecline was shown in Erte, which not only obeyed tthe weakness reported in the foreign markets, but ‘wesponded to certain rumors that have been frsely jeirculated on this side with reference to important ‘events that are likely to take place, it is said, to the disadvantage of shareholders. The decline “today amounted to 1% per cent, the close last might being at 8134, the opening to-day at 30% and ‘the close to-day 29% a 30, The sudden departure ‘ol Mr. McHenry, the decline abroad, THE POSSIBLE RESIGNATION OF THE PRESIDENT, the. statement that papers have already been crawn looking to the appointment of a receiver, ‘the unsatistactory results obtained by the Engitsh ‘accountants and the exhaustion of funds by the company—these and other things constitute an array of facts which, being known to the street, explain the unusually large transactions that have recently taken place and the decline in this (peculiarly speculative security that has been ob- ®erved on both sides of the Atlantic. The losses of ‘the day, a8 compared with last night’s closing prices, are as fol!ows:—New York Central opened ‘at 98% and closed at 98—a loss of 14 per cent. C., C. and I. C. opened at 18, and about heid Its own, ‘The same remark is true of Hannibal and St, Joseph, ‘which was steady at 253, Harlem firm at 129, Lake Shore fell off %{ per cent. Northwest % per cent. Obio and Mississippi 34 percent, Pacific Mail 34 per cent. Rock Island }y per cent. St. Paul steady at 33%. Wabash declined 4; per cent. Union Pactfic % per cent. Western Unton % per cent. The transactions of the day amounted to 66,308 shares, which were distributea generally as ‘ollows:—Weatern Union, 12,700; Erie, 10,950; Lake Shore, 10,387; Unton Pacific, 5,200; Pacific Mail, 4,400; Wabash, 4,240; New York Central, 1,493; Rock Island, 1,300; Northwest, 1.200; Delaware and iLackawana, 805; St. Paul common, 800; North- ‘west preferred, 400; Ohio and Mississippi, 300; St. Paul preferred, 200. HIGHEST AND LOWEST PRICES, ‘The following table shows the opening, highest and lowest prices of the day :— Opening. Highest. Lowest. + 984 9834 98 12834 20% 72% 85 3916 55 96 Pittsburg. BT Miuwaukee and St, Paul.... 3335 Mil. and St. Paul preferred. 5334 Ohio and Mississippi....... 233¢ 235 New Jersey Central. +108, 108 Delaware, Lack. and West. 10914 109% ‘Union Pacific. 25 \C., ©, and I, C 1844 ‘Western Union. 1% ;Atlantic and Pacific Tel. Ww }Pacitic Mall 41s ‘Panama.. 103 ‘ THE COTTON CROP, A Liverpool financial autiority says the preva- Ment opinion now is that the next American cotton ‘crop Will be from 10 to 15 per cent less than the jdast; im some quarters, indeed, a reduction of 20 \per cent is anticipated. ‘There is a general indis- ‘position, however, to adopt and act upon any ma- ‘terial falling offin the yield until the news re- cently received from private suurces has bean con- irmed by the official report of the Agricultural Bureau, {this report should show a réduction of dully 10 per cent in the land cultivated we may an- ticipate a sharp upward movement in prices, Cause, in addition to the curtailed area, it is weil known that the crop is very backward and that the yield per acre will be mucn less this season ‘than last, owing to the diminished use of fertill- zers, It is not expected, however, that the ad- vance will be anything so serious as was witnessed in 1871-2, im which season prices ran up trom 7 3-160. im April to 9d, in June and 11}4d. in the fol- lowing spring. RAILROAD BONDS closed firm in tone, but with small business, The changes are immaterial, differing slightly from the Prices published yesterday. The largest dealings ‘were in the Pacific mortgages, which sold at 925% tor Central, 8614 a 86% for Union firsts and 70% 080 ior Land Grants, THE MONRY MARKET, Money commanded 2 and 3 per cent on call loans and was abundantly offered. Prime paper was discounted as low as 4% per cent. Foreign exchange was quiet and steady at the close. The leading bankers during the day ad- vanced rates to 4.883; and 4.91, with actual busl- Ness At 4.8734 a 4.88 for bankers’ sixty days sterling and 490 A 4.004; fordémand. Continental firm; Reichmarks, 96 a 96%; Cables, 9744; prime Paris, 5.1396 & 5.10. ai THE GOLD MARKET, Gold opened and closed at 111, with sales mean- ‘while at the extremes of 110% a1114%. ‘The rates paid for carrying were 1, 14; and finally 2 per cent. Loans were also made fat, The operations of the Gold Exchange Bank to-day were as follows:— Gold balances... ++ $1,136,065 Ourrency balances. 1,266,626 Gross clearances, 27,490,000 CLEARING HOUSE STATEMENT, Currency exchanges ++ $61,966.063 Currency balance: 3,364,150 Gold exchanges 10,004,654 Gold balances. . + 1,440,026 ‘The specie shipments to Kurope to-day amount to $370,649, Of which $200,000 18 gold coim,and the remainder gold and silver bars. The steamship City of Merida, jor Havana, takes out $100,000 poid coln, The bids fur government gold at the sub- Treasury to-day amounted to $3,359,000 at prices ranging from 110.02 to 111.13. THE UNITED STATES TREASURY. ‘The customs receipts to-day were $387,000. The balances in the United States Treasury to-day are:—Currency, $11,940,000; coin, $82,120,000; less coin certificates, $32,080,000, The customs receipts for the whole United States, for the week ending June 6, were $3,900,000. The Assistant ‘Treasurer, to-day, paid out $73,000 on account of interest, and $31,000 in redemption of five-twenty ponds, GOVERNMENT BONDS, Government bonds were quiet and steady to the close at the following quotations:—United States currency sixes, 114% @ 114%; do. do., 1881, regis- tered, 116% @ 1163¢; do. do., do., coupon, 121}; a 12134; do. five-twenties, 1862, registered, 113}, a 114; do. do., do., coupon, 118% a 114; do. do., 1864, registered, 116 a 116g; do. do., do., coupon, 116} & 117; do. do,, 1865, registered, 11654 a 116}; do. do., do., coupon, 117}¢ @ 117%; do. do., do., new, registered, 115% @ 116%; do. do, do., coupon, 1193 @ 119%; do, do., 1867, registered, 116% a 11634; do, do., do., coupon, 119% a 12014; do, do., 1868, registered, 116% a 116%; do. do. do., | coupon, 120/¢ & 12034; do. ten-lorties, registered, 113 @ 11314 do, do., coupon, 113% a 113%; do. fives, 1881, registered, 1184; @ 113)¢; do. do., do., €X coupon, 113% a 11344. F SOUTHERN SECURITIES were without change. The late bids correspond With those quoted yesterday. BANK SHARKS, Grocers sold for 100 and Commerce for 1223. The rest of the market was inactive, ‘THE, FORKIGN MARKET. Tne bullion in the Bank of England increased. £305,000 during the past week. The proportion of bank reserve to liability, which last week was 43% per cent, is now 45 per cent, The rate of discount in open market is 2 9-16, or 7-16 per cent below the bank rate. £61,000 bullion was withdrawn from the bank on ‘balance to-day. Erie weak at 27% @ 28. Rentes ut Paris were firmer, 69f. 95c, The rest of the market is reported steady at the following quotations:—Cunsols for money, 925%; consols for account, 92% 2.92%; old 1865 bonds, 1083¢ @ 108%; 1867 bonds, 110% ; ten-forties, 104% a 10434; new fives, 104%; Erie, 2734 a 28, » The specie in the Bank of France has increased 9,685,000 francs during the past week, In Amsterdam the follow- ing are the guotations:—Central Pacitic first mort- gige bonds, 7834; Union Pacific first mortgage bonds, 7234; Union Pacifle stock, 22%; North- Western prelerreil, 48; St. Paul preferred, 46:,; Erlo, 27%. MEMORANDA. The directors of the Panama Railroad Company to-day declared a quarterly cividénd o: 3 per cent, payable July 15, The transfer books will close July 6 and reopen July 16, The Denver and Rio Grande Ratiwav's exhibit of earnings for the week ending May 31,18 as 1ol- lows:— Freizht. $6,436 Passengt 6,841 Total. $12,278 Gross earnings, main line 118 miles, as above. $12,278 Gross earniugs, main lne, same mileage, SAME WEEK, 1873.....0. 06. ccce sees enees $12,707 SALES AT THE NEW YORK STOOK EXOHANGE, Thursday, June 11-10 A. M., YORK HERALD, FRIDAY, JUNE 12, 1874.-TRIPLE SHEET. COMMERCIAL REPORT. Cetton Quiet —Flour Dull— Wheat Easier—Corn Active and Higher—Oats Steady—Rye Easier—Pork Steady—Lard Higher—Groceries Quiet, but Firm— Freights Firmer — Petroleum Un- changed-Spirits Turpentine Lower— Rosin Steady—Whiskey Unchanged. ; Trurspay, June 11-6 P.M. Business was moderate in most deparsments of trade to-day; dull in some and active in none. ‘The demand for breadstuffa was slow, the advices from Europe being of an unfavorable character, and the limits of shippers allowing no margin for profit. Wheat was uccordingly doll, heavy and declining, but holders refusing to grant any ma- terial concession business was very light. Corn was in active demand, and large sales were con- summated at decidedly higher prices. Oats were Steady. Whiskey was unchanged. Pork was quiet and pominal. Lard was in demand and decidedly higher. Freighta were strong. Cotton qutet and not materially changed in value. Petroieum remained dull, but values showed no appreciable change. Spirits of turpentine continued dull and was offered at easier prices without fuding buyers. Rosin was quiet and steady. Groceries were very quiet, with the market for sugar ruling barely steaily, and for coffee, strong at advanced prices. Corton on the spot was in better demand for spinning purposes, but buyers and sellers failed toagree as to prices, and, but little business was consammated; Future deliveries were dealt in moderately per Ib. early, which way afterwards grade quoted, Consumption . Speculation. Upeinda, Alabama, N. Ordinar; 183 Good ichtleees tt 16 Btrict good ordinary. 16400 OT pw iniddiing. I Miudiing. . 18! Good mid 19 1 —The quotauor 4 on cotton in store running in quality notsmore than halt a grade above or below tho ‘The sales were, ns ma cece ag rages Teal, Totaly .. 15 na oT —For mutire icitvery (basis iow middling) the sates have Been ay tollows:—~Last evening, after two o'clock— June, 100 at 1726.5 July, 700 at 17 U-i6c., 700 wt 17 19-820. ; ‘Auvtist, 600 at (7 18-i6e., 200 at Te., 1,700 at 17 B1-se, : sop: ber, 100 at 17 13-160. ; 400 at 17 b7-b20. Octo! 10) at ., at 173gc, November, 17 8 Ibe. : De- e 100 at I7}ac totel To-d iP to ay aad our berate ti at ar Bac. 5 V al at 19-32., 300 at 17 26, 17 21-32c., 300 at 1 200 at 17 198% S20. ; Al at 17 15-16c., $00 18o., 100 at 17 B1-s2e., 210 ay 2y.82e. ; September, 1,000 at 17 15-16, 600 at 17 15-820, ; November, 70: at 1734c. Total, 19,200 bates. Grand total, 17,70 bales.” The’ receipts orts Were as Tollows:—Galveston, 7 Ne jeans, 18); Mobile, 109; Savannah,’ 116; Charle: Wilmington, 12; Norfolk. 432; New York, 457; Philadel: hia, 40. Total, 1,402. This day last week, 2,657. This day last year, 3824. Rates on cotton to torelgn ports were quoted thus:—To Havre, by sail, c. ‘Yo Hamburg, by steam, by xall, 4¢. To Bromon, by steam, MX0.4 by sail, e compressed. To Liverpool. 3-16d. by steam. ‘Correx.—The market today ‘wus quiet, but very strong for ull di iptions. Some kinds were higher, notice- ably in mild cotlee, to which we conform our quotations, The stock of coffee im first hands, other than Rio, in: cludes 2,29 bags and 27,026 mats of Java, 11.422 mats ot Singapore, 4,280 bags of Ceylon, 11,024 do. of Maracail Ad do. of Laguyyra, 889) do, of Jamaica, 1,205 do, 0 it. Domingo, 1,926 do. of Porto Kico, 1',735 do. of Costa Rica, 5,745, do, of Alexican, 363 do. of African, 5,688 do. of vantila and 1,445 do, of Curacoa. Total, all kinds, 60,160 and 27,056 mats of Java, 11,522 mats of Sinva- Rio, ordinary cargoes. a li good 0. 19 a Ly 40: 5 Zic.; St. Domingo, Rico, 199. ge. ita Rica, 19°. a 203¢c.; Mexican, gc. a 19gc.; navanilla, 16c. @ Zlc.: Curacua, léc. @ ‘old, W) to 9) days? credit. ove anv Gkatx.—-Roceipts—Flour, 16,716 bbls. : wheat, 420,314 bushels; corn, 19,04 do. ; corn’ meal, 150 bbls. and ‘bags; oats, 5241 bushels, ‘The flour market ruled ull and heavy, though thero was no essential chango in rices, ‘Ihe sales, comprising all kinds, foot up about 0,000 ‘bbla at. prices within the range of the appended quotations, Corn meal was quiet but steady. About 3u0 bbls. changed hands at } oa oF efor Brandywine, 4 2 Before Call. ‘$4 3) for Western an a for Jersey and Ba! F 4 igo note sales of 100 sacks of Balt 200 shs West Un Tel.s3 20h Erie RR. Pl NE A ak Ble DE timora 30)" do... 300 do on 2 Bate. 4 OO. $4 75 low 2O)LS & Mo KR, Superfine Stat 4B a 52 100 20 *” “do | Extra State. b85a 6 25 ine We: a 6» Pacific Mail’ 3: Extra Western 5158 62% im ae" 3 4 Found hoop Onto. shipping brands Biba 63 i i 5 BUN YC&NR RE. S3 Bound hoon Ohio tra PP orands. 65a 700 i do. amily. 7Ma 8B) St. Louis, low extra. 625 675 St Louis, straight ex; TWA 775 Bt Louis, choice doubl 8000 880 &t. Louis. choice family 8 50 a 1 50 California. .. Nominal, Kye flour, Ane to superfine. 45a 600 Southern, No. 2. 40a 475 Southern, superfine. 50a 55) Southern, extra. 6258 825 100 do. Southern, tam: 8 0a 1075 Wg 100 MI st PRE: 238, | Corn meal, West 4000 440 200 Ohio & Miss RK..68 233, | Corn meal, Jersey. 4Wa 450 Corn meal, Brandywi 475 a 485 10015 and 11:30 A, M. Roe. EMR 1600 US 5-20,¢, 185... 117% $1000 US 56, 10-40, ¢,.. 113% | i i2) ah 60 = Os 12 8:30... fim 11088 L.O9 US Oe 1s | stout 100 bushels AYSLtow $151 for Ne: Satine Stal = 5-20. ¢,7.sm | 4 out 70, ushels, at $1 40 a $1 41 for No. 3 spring; SWUU US 5-20, 0,768,.... L2v}g 20000 oe “ANG | B81 bie for No, chicago abd Nowhwesien a 70 First Board—10:30 A. M, | $1 4734 for No.2 Milwaukee; $1 49 a $15) tor No. 1; $1000 Georgia 7's, 100s CO tion 10 Tenn Os ns..°)” G13 2000 Alb & 5usq Ist be 1u5 2010 Alb & Sus-dim... 99 2000 do.., be LOO StL, J& Cl jst m 200 StL &IM Istm 1000 T4W Ist, StL SO Lake>,cone be % 100 Chi&NWergb 2000 brie Ist m.. 1000 C & Rt & Puc 100) Lake Shore d bas 2000 ohio. & M con $f 1000 H &st J 62 Sahs Del,L & WR. be 109 5 NYC#URK.,.beo OBS... 784 1000 Un Pac KE ist in 864; 1200 a + 86 | 1000 Un Pac 7's, 1g b. | 90 dow. ie Redo. be thio « MR” be st C&TO BR.be Before Call, do do. do 400 do 10 Pac MS 200 Union Pi 100 do. Ww a 1) Chi & 0 di joo Chi& AW RK wo Os. cere Meee f.. 810 , ry £2000 US 6's, c, ’81, ‘500 US Cay ec wus $1000 Us 83 1000 U3 1-40, i 10 U8 Bs, Second Board—1 P. M. $1009 Cen Pac gold bds 9244 200 shsLS&MSRRDS 73 30 shs West Un Tel... 725 3 do. + BK toy Adams Express... 107%. 400 do, : i Gy: Pac sail 41% 100 Union Pac it "4 100d 500 du, 25; F WO aN 89 won ¥O 100 Chi & R 96: 400 200 Mil & si 33 10 do. 200 Mil + By 30) Erie Ri. 100 Tol 253 4" a0. 200 Del, + 109) 100 Mich Can 40 Fort Wayni 4 CLOSING PRIOES—3 O'CLOCK P, M. West Un Tol... 72 a 72h 30 8 29K Pre os dig Wie a 18g Mal “ a NYC&HRR, ta in 96 a Erie.. % & Bd 23% a 33, Hariem. a 129 534 a 88: Del, Lack & W.10% a May a} 36 Lake Shore... Ts, & Tidy Oblo & Miss... 2 23} Union Pas 24a 25% Han & std 25) Pitisburg Big a 87% 0, C410. 18 BUROPBAN MARKETS, Loxpon Propuon MAaRket.—Lonpox, June 11—Kyen- ing. Linseed oil Spirits turpentine 2s a Be gu iusecd o £29 per ton. Spir poutine 2s, | to Cork ror orders tg the United King | can bari, hence to Rio, with 200, | prrvate torms : 1 47 for red. Winter, Corn was in good demand and ighér, closing strong at the extreme figures paid. The sules foot up about 165,000 bushels, at 68. a sbc. for inixed and 86c. a e63sc. for Western yeliow. Oats were quict d unchanged. The sales aguregate about 42,000 bush- oice car lows for common to choice white, Rye nd sold to the extent of 8,000 bushels t $1.09. Barley—There was no demand, les Were consequently entirely nominal. REIGHTS—Ln the line ot berih treights we have very ttle to report, but the market closed firmer jor grain accommodation. The chartering movement was less ive to-day, still there w: iair inquiry for vessels acapted to the grain and petroleum trade, and rates Pere somewhat steudler.. The engagements were to Liverpool, by steam, 60,000 bushels of grain at 734d, a 8d, ‘a 8i<d, closing at the hizher rates tor standard bushels; to Bristol, by sail, £00 bbls, of flour at 28, 6d. ; to Glasgow, by ‘steam, 800) bushels of grain on private terms: t0 Antwerp, by sail, 400 cases of tobacco on private terms; to Cardift, 0 boxes of cheese and 200 boxes bacon at 40s, + 200 DBIs. pork at 6s.: and 100 tierces ot beer at 8s, The charters embrace :—tw ks (relet), hence . With 8,000 and | $,700 quarters of grain respectively at ts.; an Austrian | bark, with 3,600 quarters of grain, hence ‘same vovage and rates; a Norwegian bark, hence Havre, Antwerp or Rotterdam, with 3,100 quarters of do. at bs, 3d.; a Danish brig, hence to Cork, for orders to the United ‘Kingdom, with 1,700 bbis. of r ined peiroleum at 5s. 6d., flat: & British’ bark, hence to.Java with W000 cases of refined do. av3Sce.3 a British brig, hence to a Gorman Baltic port, with 2.70) bbis. of n Ameri. refined do. at 5s. 6d. 00) feet of lumber on MoLasses.—There was a moderate inquiry for refining grades, which were generally held at an advance of Ic. per gallon, The recetpts were quite liberal, but came | Chivly direet to retiners or were purchased’ before ar- rival, leaving but a sinall stock on the market. Domes. tic was quiet but firmly held. The stock this date In- cludes 1,901 hhds, of Cuba, 1.76 do. ot Porto Rico, 34 do. of Ishinds and 4030 bois. of New Orleans, We ba, centrifugal and mixcd, 3c. & » 0 390.5 do, grocery, 42, a4 8, 40c, a 620, ; Ni 18 706: & HSC. STORK. —On Change ‘to-day the market for spirits of turpentine Was quiet and easier, closing with merchantable order offered at 37c. without finding buy- @ %, Sales 53 bbls. at 37%¢c., and 2U0 do. in shipping order Mise, Herauied rosin eontinned quiet, but steudy, at $3 WR g2 Br ho poise sold at the higher price, OF une finer grades we heard of sales ot 40) bbls. of No. 1 at $1 12%, 100 bbls. of low do. a, 3 ¥ g-, and 200 bbis pale at$4 50. Tar remained inactlve, bat was quoted steady at $225 for Washington. Pitch remained steady and sola in a small way at $3 for city, delivered. PerroLrom.—The market for refined was dall, but there little ‘steadier tone apparent; quoted at 1230. tor spot and remainder of month, and 125,c. 1:86. for July delivery. Crude in bulk ‘was inactive, but quoted nominally sieady at t%c. a Ge, Caos were qulet, and quoted at I7se. for ordinary. ot 20,00) Devoe’s brilliant at 194c._ Naphtha-was entirely nominal at 7!gc. a 7c. for city, “The Philadelphia mar- ket was dull and unchanged. We note a sale or 20) bbls, of refined, deliverable from the 15th to the 20th of June, at 18%ge. At the oil producing points the markets were dull, and quoted as follows :—ON City, $1 15a $1 20; Petro- lourn Ceutre, $1; Rouseville, $1; Titusville, $t 10: Tide- ute, T1766, a Be j farker’s, $1 08 at United line, ana 90. at River tor Relief. PRO Tis One. acetpte-F orl 65 bbls; beef. 50 pack- aces; cut meats, 289 dq.; lard, 110 bbls. and tiorces and 200 koys. The market for mess pork qontinued quict, but firm, closing at $13.cash : off, (ast evening) for duns at $17 85, 800 bbls. for Jul $17 95, Bacon—the market remained dull, but prices exhibited sale a ch ae bs Ba oot bed ee or aoe siaee at ic. per + sbort clear quo! al re! PE Sset ont Dut prices were seedy at Tors fice, hoxs remained quie r for of . the " range (a jor beef continued very quiet, with the few ti tlons confined to small, ‘niinportant Joobing, low, wil the range of $10 ‘8 $14 for extra di rime mess, tlerces; $24 a $25 for Indi Bro Bs a Beet hi et continued dull and nominal, 16 & $23, and Western, $23 a $25, mei he mar- et to-day Was quiet, but prices were steady for all Je. scriptions. We have only to note sales of 500 pickled shoulders at 6%c. per Ib. Lard—For Western the market was quiet, but firmer, cl 115c. @ 11%. per Ib. balance of mot ie ia A resterd: 50 a nd ot steam for July at 16c. a lhe, for August at ihe City lard sold to the extent of 250 r yerces at Lc, oiiee istributing way trade was reported fair to- day at steady prices. Lots to the amount of 50 tierces of Carolina were placed at fro MC. @ Bec. per lo., and 2.0 bags of Rangoon at 7c. a 7c. per ib. Sucan.--The market for Taw si fo-lay and. very quiet. h 107 Doxas of centrifugal at 8%¢. pe: oderate trade an ‘S eae crushed and powd rison, in thelr circu! . Boxes, Bags, Melado. Stock (ascertained by actual count, including specula- tion) June 1, 1,379 Receipts since June 1. 408. 1.837 866 Stock this day, Juno 11, 1874..142,060 94,378 196,802 wm Comparing with stock June he , 1873....... vesccsuvesveee BO48L 61,850 235,204 8,183 stock June <-«-» 80,540 83,456 86,864 5,216 Supe " « 79,766 83,986 283,882 8,738 uote ‘uba—Refining, Inferior to common, Tigo. jair to good tair, TJgce. @ 8e.: good to prime, Sige. a8%c.; grocery, TMUt to Rood, Bac. K bi¢o.s rine to choice, a & 8%c.; centritu bhde an bo: 8 to 13, tod hhda, and Se. ; melado, 4440. yed—Boxes, Nos 7 tw do. 1 to 12, Porto Rico—Re‘ining, common to prime, 7Ke. a8Ke.:. | cery. fi to choice. . . bound ‘/ Haat es Wel ta yee ene ee Nos, 10 to 12, Sh4 sc, a Bec. superior, Tc. a 77%. ae ia—Superior and extra, TRARINY Inet with @fair trade and the market was 6 12%. per lb. LALLOW was quiet and town stock at Tee 840. ; lv bbis. at 8%. and 50 hhds. of prime city o1 vaie terms. Wuiskgy.—Receipta, 676 bbls. but yj sales Steady: sales 50 hhds. of The. market was bbls. at W9igc. a $1 per gallon. DOMBSTIO MARKETS. Gatyrston, June 1, n; svles 100 tlerces at 125<c. and 6) hhds. ot choice at out of Ub. ant 9,000 Ibs. of @ity at de. a mn pri- quiet, 1874. Nominal; good ordinary, iS}gc. Net receipts, 70 Cotton ft bales tock, 7,172, New Onzeams, June 1, Cotton quiet; middling, 17!4c, Net receipts, 159 ross, 191, 1 xports mutant Britwine Aukt te Unent, 681; Trance, last evening, 900. Stock, 65,054. s Montux, June 11, Cotton quiet; middling, 16%c.; low middling, good ordinary, likc. Net receipts, 109 Coustwise, 89. ‘Bales, 100. Stock, 15,635, + to the 2,221; coastwise, 1,604. Sales, 1874. bales; “Bo, 1374. 18%. ; bales Exporw Savanwam, June 11, 1874. Cotton quiet; middting, 16%{c, Net receipts, 7) bales; bit ae Ports Coustwise, 1,815, ales, 305, dtocl Cuarurston, June 1, 1874. Cotton duil; middling, 17c. a I7e. Net receipts, 16 10.266, bales, Sales, Bi. Sick, Witmincton. N, C., June 1, Spirits of turpentine quiet at 33c. bid. Rosin 1374, unset. setiled 5 for common stra nod.’ Crude turpentine, 1 85. ide fur $2 8 tor yellow dip; 83 60 for virgin, ‘Tar steady at $2. Oswxao, June 11, for No. 1 spring. $8 for amber winter, i $9 tor double ‘extra, "Wiest lots extra white Michigan at $170. Corn firm; 1,500 bushels Dolted, for. unboited. ited, ber ton, Orta, $20; _shipstutts, 1874, Flour steady and unchanged: gales 1.3.0 bbls. at $7 50 sales car sales, low mixed at 72c. Corn meal, $i for n. Mallteed’ steady ; miadlings, $4, per ton. nal treights—Wheat 8c.; corn and rye, 7c ; pea fe. to New York; lumber, $325" to (he Hudson, $9 to Newburg, $4 ‘to New York. Kail Flour to Boswon, 50c.; to New York, 40c.; ad treights— two. Albany, ie. Lake receipts—152h) busiei wheai, 1.29000 te of lumber. Canal shipments—°9, 22,000 do. corn, 4,20 do. outs, 1,577,000 BUFFALO, June 11, hel ido. ; dats, 23.400 do, Ca Wheat, 184,008 busheis; jo. Kai! exports—Wheat, bushels: S423 do.; owls, 22,400 do.; ryt, 400 do Canal fr steady ; whent. lic, ; corn, 10 ats, Ze: Flour sales 1,000 bbIs. on the following range :—Western 6 7) a $7; Bakers’, $7n $7 25: uinber, $7 50 a $4 35 a8, Ment quiet) salos of 21.000 bushels (hy do, No. 2 at $1 245, 200. Milwaukee No. Lat $137; Mi 00 bushels wheai, feet oi lumber. 1874, :—Flour, 16.992 bbis.; ‘wheat, 202, 0,5 rye, corn, orn, eights: qui! oT 0 1 waukee No. 2 quoied at $13); Port Wasiington, $1 30a Bi Oia ted wumter, $145." Corn bigher and scarce 000 bushels No. 2 Western at 69e. ; 16,000 do. at 7 steady ; sales No. 2 Western at f6c. nominal Barley matt frm; Canada, $1 0a $1, Other articles unchanged, ‘oLEDO, June 11, ales Oats: argo. Western, $1 80a 1876, Flour steady. Wheat quiet.ana weak at $1 4l tor No.3 white Wabash, $147 for No, 1 red winter, $1 35 fo ber Michigan, June, $1 26; Jul yh No. 2 do., Bl 353g; July, $1 30 vanced and in fair deman June, 67¢.; July, 09. ; August, Ze; low mixed, o6!¢ duly, tse." no grade, O5c. Oats Freights active; vessels scarce; to Buffalo, Receipts—2,0.0 buls. flour, 3e.: West0, 6c. wheat, W000 do. corn, 4,000 do. onts, quiet and unchang wu bbis. flour, 6,00 bushels wheat, 11,00) do. corn and 4,000 do. oats. Cuicago, June 11, Flour anict and snchanged. Wheat in fair de! lower anu unsettled; saies of No. 1 SL 18%, Jul d higher at tor rejected, 5Tc. ua August; high mixed, Bales of No. 2 at 45}<6., Cash; 4540, July, unchanged ai ssc. “Harley dull and unchange tor No. 2 Pork ‘steady at $17 (0, July. steady at Mc., casn; Iie., July. of short'rib mittdies ab 9146 intair demand and lower at Buttalo, 3! at July, loose. ge,” Freighis—Gorn to do, corn and 58,000 d 56,000 bushels wheat, + oe FINANCIAL. » Oats.” Saipmenis—6,W0 bb!s, A. Stall amounts, on First and sec Leasehold Properiy, city or Brooklyn; iowest rates, PHALUN & SLOAN, SL Kast Seventeenth 413,000 do. cora, and 2J,00) do. cul 1574, man Outs steady Rve quiet an it $129, Lard Bulk meats. steady; Whiskey t to do., 40.5 corn to Uswego, 7c. flour, 55,00) ‘bushels wheat, 134,000 ry rent Street. UGUST BELMONT & Co., Bankers, 19 and 21 Nassau street, issue travellers’ Credits, available in all parts of the world, through the ort Messrs. De Rothschild and their correspondents. Also comn py fornia, Europe and vang. aS; $1 privileges; —S8TOCK AND GOLD PRIVILE « shares’ to $409 for doubdl $10,.00 gold; all 30 days, bought on members of'the Ex- reial credits and telegraphic transfers of tor change; stocks and gold bought om commission; ¢x- tory circular furnished. plana’ bay) jar ful ‘AKD & MONTAGUE, No. 6 Broad street. T REASONABLE RATES—MONRY ON LIFE AND Endowment Insurance Poiicies, Mortgages and other Securities, Insurance of all kinds effected with best companies. HABRICH & 04 A MON TO LOAN PROMPT! large Mortgages cashed. 117 Broadway. UPON BOND + and Mortgace on first class city Real Estate; also VY. kh. STEVENSON, Jr., 11 Pine street. LAPSLEY & BAZLEY, BROKERS, 74 BROAD. Y, BUY AND ‘Sih o WAY, SELL PRIVILEGES; DOUBLE PRIVILEGES ON “MEMBERS OF Tid CHANGE” OK RESPONSIBLE PARTIES, or TONS MADE AGAINST APPROVED $100 per 100 SHA FOR PUL. $400 FORK DOUBLE PRIV GES LE ALSO i EX. STOCK. PRIVI- Urs OR CALLS; MANUFACTURING HOUSE IN PRILADELPHIA will convert the same into a Stock Compan ¥, and Tequests an interview With capitalise for that purpose. Parti re obtained by calling on or add COLT, 47 Beckman street, New York city. iressing A. T, A LEXANDER FROTHINGHAM & COMPANY, Wail street, organize incorporated companies and secure additional capital tor merchants, manufacturers ant miuve: and loan. Various amounts always tor investment $35,000 SECUND MORTGAGE, 15 MONTH iS 10 run, for sale st a itberal discount: first mortgage Au Value of property $209.00. dress MORTGAGE, box 159 Herata office. — (ouMEBOLA LL WARBHOUSE CO! capital, $2,000,000—Onice, 29 William Principals only ad- CASH A treet, corner Exchange place; warehouses, Atlantic dock, Brooklyn, Cash advances made on first class securities, on demand and tim chandise,. stor ug on tayorable terms, PAUL J, ARMOUR, President. JOSE F, NAVARRO, Vice President. JOUN BAIRD, second Vice President. FELICIANO LA’ Paul J. Armour, = Wim. Jose F. Navarro, Feliciano \atasa, ur John Baird, ‘nomas Murph: WILLIAM TOBLN, Superinendent Ta Curwe, Secretary. (XOMMONWEALTH OF VIRGINTA—THE co J due January and July, 1874, off the consol: Bowerman, ©, H. Delian uan J. Jov: Henry B. b Pash advances made on all kinds of Mer- ored in our OWN Warehouses or consigned to TASA, Third Vice President, mater, hy Hyde, of Warehouses. dated bonas, bought outright, or rg wive two-thirds cash and one-third interest certiitcate. JOHN B, MANNING, 73 Broadway and No. 7 New st. _ L, GRANT, 1 PINE STREET, ALWAYS + money ready to foan on good New York city gages wiihout bouus, invest please app!y. & W. SELIGMAN & CO. . Banke 21 Broad street, Tssne Letters of Or or Travellers, nas Mort- Principals desirimg to borrow or payable in any part of Europe, Asia, Africa, Australia Trans ano America, Draw Bills of Exchange and make Telegraphic fers of Money on Europe and California, IVINGSTON & COMPANY, 4 st.—Draw bills on London, receive deposits check; 4 per cont interest allowed on daily balan TO LOAN O} BANKERS, Cc becond Mortgages bougint. uM N of tue State of South Carolina who desire change them for the Consolidanon Bonds and Stoc! authorized under the funding act of that State, can ba’ 10 N sublect to cos, BOND AND MORTGAGE ON and Westchester county Property; First and DAVENPORT, 181 Broadway. ERSONS HOLDING BONDS AND STOCKS toe: the exchange promptly attended toby the South Caro- Jina Bank and Tr ejahth ot one per cent (™) Upon the face value ‘ast Company, of Columbia, 8. C., at one- of the Consolidation Bonds and Stock. Express charges paid by the owners of the bonds, HARDY SOLOMON, President. References—National Park Rational Bank, Charteston, 8 C Bank, New York; Peoples’ FPICE OF SELMA, MARION AND MEMPHIS RAIL. way Company. Memphis, Tonn., May. tm meeting ot the holdérs of t 1874,—A. @ bonds of this company’ In- dorsed by the State of Alabama is requested to meet me in conference atthe St. Nicholas Hotel, New York, on Thursday, June 1% at 19 o'clock A M. J. WHITE, President pro Railroad Compan: 2% Buoavway, New Yorx, June Il. Fifty thousand dollars of the Missourl State 6 pe donds, known as he “Hannibal and «t. Joseph maturing on the Toth inst., * tion a¢ this ofilve on and ator that ate. Be ACKER, ERSONS HAVING CLAIMS WHICH jo desire assistance, may obtain RE it by sen wh i a siatementin detail of all the tacts, Address box 172 Herald office. ‘Groce © in place of cash: tor th flock: there iv ittle tisk Int ‘oasurt tem. FFICE OF TRE HANNIBAL AND 8T. JOSEPH 1874. r cont issue,” t. aid upon presenta- gus ding RIVILEGES CAN BB USED AS MARGIN the purchase or sale of any is method % gpecatiog. We are negotiating contracts on members of the St Exchange and responsible partios at very close tor 50 81 oF ares. Quotations ermation cl TUMBRIDUE & C ed. Bankers and Brokers, No. 2 Wall street, New. Stocks bought and sold agi Yor st moderate deposits, Fates; ind in Sou SAROLINA FUNDED BONDS—W, B._GU- LICK, Columbia, 8. C., will attend to funding South Carolina Bonds; Codpons’ funded separately and pur- chased at best rates; commissions the President and Cashier of the Republic, New York. poms OF MAMARON «CK Seven per cent Bonds, due tn 1889, For sale by recent, Re jvtional Bank (ers to of the DANIEL A. MORAN, Wall st 1.00) TO $60,000 RAILROAD sT 4, i change for an Estate of 40 epot, 20 Nolevated:” healthful cle ji, healt! i PTION, 1ST JULY, 1876, b T ANTE on the boa: in whole or part, e Jersey ; free and clear: rice, ‘Address RESUM Feet, ‘OCKS, acres, hard pan ox 145, Herald office. WANTED @# KANSAS PACLPIC 6 PER CENT BON in exchange for equity tn first class residence, miles from city; HAVE CLIENTS READY TO BUY GOOD ty h basis, “Address box 2,589 Posi office. SEC. & Wout nnd Leasehotd Mortgages; also Trust Funds to joan for five years without bonus, BAWARD & LEAVIT1, 54 Wall st rect. 10 We are negotiating, free of expense to the loaner, Honds and Mortgages on the best improved farm lands in Iwoa. iN Never exceeds one-third the value Jand, exclusive of improvements, and is a first lieo. tho . The bonds bear 10 ver cent interest, payable semi-annually, ani © COUDO! able in New Yor! ainount and time of loans to sti. mished ob application and oriteal yestors ted, MORGAN, HOLM Bankers, 4 aud 37 Broad sureet, New Yosh: attached, Interdscand Xamination «Bb principal pay: or elsewhere, as desired by loane’ Pull information tu oft ROOK, 1) FOR 100 | | allowed .ten days to file his protest with the Col- ,_ FINANCIAL 10 TO 2 PER CENT. Tavyotmente strlotiy Gest iat, ty hendi ry mi Railroad Bonds, me mpd 9 City Railroad Stocks, Insurance and Gas Light Stocks and other choice Blocks and Bonds, paying 10 to 20 per cent, at the lowest market rates, tor sale by NICOLAY & CO., ALBERT H. io. 43 Pine street, New York. . B.—Investment Securities talty 23 years. $5,000, hen wae sign ee eines without bonus. Y NCH, 11 Fine street. A PURCHASE MONFY © on Property near Brook- n: value of property, $2610; one year to run; prin. cipals only deal: with. ~ Address 0. P. ROSS, 738 Broad street, Newark, N. J. $ 7 JACOB ~HARPE, 149 Broadway. WANTE')—ON BOND AND MORTGAGE $15.000 10 BUY MORTGAGES ON CITY OR Reply Real Estate, on dwelling and lot worth $89,000 in best cality in this city; no one but principals need answer, a8 no bonus or commission willbe paid. Address B. CO. ox 211 Herald office. «, WANTED—FOR A TERM OF YEARS, $35.000 on ten new houses, desirably located in the fly wanted, ot Brooklyn, well built and rented; amount dress BORROWER, 103 Maiden lane, first floor. about three-eghchs their vaiue. Call ou or ad- ___ COPARTYERSHIPS, HE FIRM OF . F. METZ & CO., DOING BUSI- ness in Lon, nd Oity as chemists. have this day, June Li, 1874, being the company. ed partnersiip, MALHEW HIGd "BUSINESS OPPORTUNITIES. A Wf0,phOTHTERS. A LARGE AND PROPITARL + Businessfor sale or exchange for ood City Prop. erty; Lease, Fixtures, &c., separate or togethor with the Btock. Address C. G.,' Herald Uptown Brauch office, tor A. nuanots! bunnete returning wx ner cent per month: teed by collaterals ant bondsmen. Apply to RED. W. o¥ Kits & OV., No, 5 Dey street, N ACTIVE MAN, WITH SMALL CAPITAL, CAN purchase a half interest ina first class sample room, or can get whole interest on easy terms. 52 Smith street, Brooklyn. BUSINESS | WANTED. —$5,000, | $10,000 OR $15.00 cash willbe paid for part or whole of first class business: give full particulars. Address GLEN BACKS, Herald office. . CAPITAL AND PARTNER WANTED—IN Ti J” sery business. Apply GialGGo & CARL Broadway. OODS FOR LADIES’ WEAR.—WELL EST \BLISHED Broadway store, wanted a gentieman or lady part- ner with $500), to increase business; investme 1 profit guaranieéd. Address PROVIs, box 4, 59 MAN WITH $5,000 T0 $1500) WANTED FOR NUR- ‘ON, 93 DURAND. 24 nnd 264 Broadway. New York, Shipping and Commission Merchant. Advances made on ali Staples, Merchandise in Bond, Guts pais or for export on consignment, Orders for ail brands of Havana Cigars filled at manutacturers’ prices. German, French, Spanish and English spoken. ARTNER WANTED—IMMEDIATELY, WITH A FEW hundred dollars, halt interest ané the manavement, in 4 rst class bona fide, permanent and immensely profitale business, ‘manwaciuring, &c.; a huge mo- hopoly ; pratits ove sitivel, GEO. Ri 0. PRINTERS WANTED, AN INTLRE: would buy mal Job Office, AY Es, 29334 Delancey street. Vv TANTED—A PARTNER WITH A SMALL CAPT tal, te take an interest in the kin Ness; yard established 10 years; des y located near the river and doing a govt x “8. Apply to THOMAS G. BENTON & 30. West street, N.Y. WAxTEDIA “COMPETENT PERSON, TO START A Mourning Goods Store, where a good trade can be guaranteed, Address $. U., Herald oftice, TANTED—A PARTNER, WITH $10,000, IN aA profitable manufacturing business. Address W. A. C., Herald office. ANTED—A« Liquor basi iat froma 8\t00 WHOLESALE juor business; capt ‘om to $10,000, * dress EW, D.. Herald obice. ” %500 TO $70.—PARTNER WANTED IN hi A RE- spectable business requiring the attention of two, where he can realize a good income. Apply to THOMAS GAFFN4Y, Auctioneer, 114 East Broadway. $1 500 WILL PURCHASE A LiGITIMATE Business in this city ov Brooklyn. For par- ticulars addres FRANK Gay, Herald ofice, $12.000 nH TO $15,009 CASH—WITH BUSINESS iron goods in this cit; ability, ‘Invested in the manufacture of ‘will command 20 per cont profit annually; safe opening to use above amount wit vices. or’ place son ser Herald office. —A YOUNG MAN WHO CAN COM- PANTNER trade. Address IKON, box 1i7 6 $20.000. mand this amount and wii! invest it in a stock company may secure a salaried position as man- ager or secretary and treasurer by immediate applica- fon. Address (Feal name ony) TREASURER, box 1,743 ‘ost office, $30.000 Sainte tovxchante tor interest or rete ing partner or Partnership in some well established pay. | ing business; New preferred. Address, with tull particulars, lock box i3 Newburg Post office, N. Y. REVENUE SUI:S. PERL Serena Claims for Excessive Duties on Mohair and Alpaca Cloths, It has been reported that many actions have re- cently been brought by the leading dry goods im- porters of this city against Collector Arthur for excess of duties imposed and col'ected on the large class of dress goods known in the trade as mohaira and alpacas. A HERALD reporter yesterday called on Mr. Phelps, Deputy Collector in charge of the | Ninth division, the bureau of the Custom House having control of the legal questions arising in the collection of the customs. He was courteously re- ceived by that gentleman, who explained the legal points sought to be raised by the importing firms protesting against tne Custom House interpreta. tion of the various tari acts and sectfons thereof now in force, and referred to the assistant specially cognizant of these claims. It was thus ascertained by the reporter that in most it nov ali the spring importations of this class of fabrics, which are orought to this market in large quantities by all Jeading dealers in dry goods, the duty has been paid under protest, and | the importers have appealed from the decision of the Uollector to the secretary of the Treasury, | Who has answered thetr application for a rebate | in the negative, thus-sustaining the action of the | Coliector in the premises. By the customs regu- | latious the rate of duty as assigned by the experts of the appraiser's department, alter thorough | examination ol the goods and their invoices, must | be paid by the importer or consignee before he | can have the goods delivered to him. He then is lector. After this, in case hig claim is disallowed, | he has three montis in which to commence suit for the excess he has paid beyond the legal duty, | or, failing to do this, he has no remedy, as the law | considers. thas he wholly relinquishes his. claim | Jor areturn of the excess if he negtects to bring his action within the period designated, It was not asserted. that any. suits had been actually commenced, as the three months since the payment of the disputed duties under. protest has not yet expired. Tho number of these claims | is very ‘large, the protests sometimes reaching fifty per day. It 1s dimicuit, if not impossibie, to | ascertain the amount in dispute, as the discrep- | ancy varies or. vary in each entry. Duty Jevied on these fabrics under the act of March 2 1867, Which provides that goods cOmposed wholly or in part of the hair oi, the. alpaca. goat or otner | like animals shall pay rates of duty varying ac- | cording to. fineness and value, trum six cents | per square yard and thirty-five per cent ad | valorem, to eight cents per square yard and forty er cent ad valorem; and in case of goods weigh+ ing over four ounces to the square yard, fifty cents | per pound and. thirty-five per cent ad valorem, ! m the duty thus computed ten per cent is de- | ducted as provided by the law of June 6, 1872, In- Stead of this method of computation the importers claim that under the act of July 14, 1870, they should only pay % auty of thirty per cent ad valorem, with the ded.action of ten per cent, under the law of June, 1872, Of course the sum claimed AS excessively levied varies according to the weight, fineness and value of the goods in each | invoice, Most of ‘the protests in behalf of the importers fre filed by the Jaw firm of Stedwell & Prentice and on these gentiemen the reporter called. Mi Stedwell informed him that though the nuaiber o} ‘these claims is very great, and datly increasing, the sum in dispute has been exaggerated. On those usually called alpacas and mohairs, but which gre really made, wholly or in part, trom along coarse WOO! cailed igh tone wool, though distinct from the hair fleece of the alpaca goat of | South America and the angora goat of Asia Minor, an imitation of alpaca or mohair fabrics, they | cialm no rebate, the protests nppiving only to | those textures in whose composition the hair of | the alpaca or angora goat 18 actually used. In the ordinary course of business in'the United States Courts ‘these questions, in which the suits are about to be commenced, would not, naturally, come up for trial before a jury under a year’s time. However, tne Secretary of the Treasury could, an view of the constant occurrence of new cases involving exactly the same issue, direct the United States District Attorney who will be charged with defending these suits to have them advanced on the calendar, in which event a test suit might be brought on by October of this year. A deciston in one suit, if against the Collector, would control the settiement of all the claims, and would, of course, alter the rate of duty to be thercatter charged upon these goods, CITY TREASURY. Comptroller Green reports the following recoipta of the Treasury yesterday : From’ taxes of 1873 and interest 101 From water rents... From permits to tap DS. Death of Governor Nathaniel Savory, the Patri arch of the Community—The Deed of Com- modore Perry’s Possessions in tho Har- bor of Port Lloyd—An Excellent Site for a Naval Station. THE BONIN ISLAN WASHINGTON, June 10, 1874, Since the receipt of Oommander George R Belknap’s report of the deep sea soundings for a cable route between the Hawaiian Istands and Japan and his remarkable dtscovery of & range of submerine volcanic mountains I have obtained access to another document forwarded by the same officer which gives a detailed account of the condition tn which he found the islands of the Bonin group, their natura! advantages as a station for naval vessels, and the action of Commodores Perry and Rodgers toward securing and taking possession of this group as a United States naval station. DEATH OF AN ISLAND PATRIARCH. Commander Belknap states that upon his arrival: at Port Lloyd, situated on Pee! Island, he found that Nathaniel Savory, the patriarch of the islanas, had died April 10, 1874, only six days previously. Nathaniel Savory was born at Bradiord, Mass., in June, 1794, and had lived on Peel island tor forty-four years, having emigrated irom Honoiule in 1830, For many years the people living in tne group had no form of government or laws whatever. Im 1854, however, a simpie form of government was adopted and Savory was clected cnief magistrate of the little Republic, with the title of Governor. ‘This government was tn force im 1855, When the Japanese expedition visited the group. THE HARBOR PURCHASE MADE BY COMMODORE PERRY. Commodore Perry believed strongly in the neces- sity of owning and occupying sume of the many groups of islinds in tie Western Ocoan as @ sta tion or naval supplies aud point of rendezvous, and, with this object im view, purchased of the “Republic of Bonin,” through its Governor, a part of the harbor of Port Lioyd as a possession of tne United States, He believed that the United States would take possession of aud annex the grou and to that tue inhabitants were lully agree Perry appointed Savory United States agent ior the American squadron, and leit in his possession the deed for the purchase of tue land above men- tioned, with lustructions, in Meg A that the deed should only be delivered at some future time to such person or persons as SAOUld De duly autnor- ized to receive iten the part of and in behalf of the government of the United States, Savory retained the deed as agreed upon, and at his death recently conveyed his trust to his sons, With instructions to deliver if should it ever be demanded. This deed Comminder Belknap saw, and he States that the portion of the harvor so conveyed is amply sultable in everything for a naval station. THR BONIN ISLANDS. oh The Bonin Istanus form the western group of t! Magellan archipelago, and extend from horth te south about 129 miles, or trom latitude 26. deg. to 28 deg. north, and from 500 to 600 miles southeast of Yokohama, Japan, in longitude 143 deg. east of Greenwich. The islands number about tity, lar, and small, most of which, however, are mere rock, On the largest of these, Peel Island, Port Lloyd is situated, which has a fine harbor, with good an- chorage for tue accommodation of a large fleet. ‘Tne innabitunts on Peel Island now number sixty-five persons of various nationalities. two of whol are Americans, Who support themselves by turtiing and the cultivation of the small patches of arable land found in the contracted valleys be- tween and ut the base of the rocky hills which constitute the principal feature the islands. The entire population of the group is about 200, As above stated, when these people adopted form of government in 1354, Savory was elocted Governor; he held the office for five years, and then declined a second term. Tuere was no other person on the islands Capable ol filing the office, and as Commander Belknap expresses the matter, “rhe restrain's and usages of government soom feil into disuse.’? Some years since a party of Japanese established themselves at Port Lioyd, but remained less than two years, and with that exception there have been ‘no laws since 1859 to regulute the affairs und relations of tne people, except such as the mutoal forbearance and concession of their iudividual dispositions have dictated. A LAWLESS USURPER. Just now this independent government-lacking republic is in great trouble irom anu interioper Who has come among them, one Captain Pease, an American. The people complained loudly against his lawless acts of violence, and Captain Be:knap thinks, peruaps with good reason, and says:— “Cmet Engineer Louis J. Allen informs me that while attached to the United States steamer Resa: on the Pacific station, about two years since, that ship was sent to inquire into the acts, and and arrest, if possible, @ Captain Pease, whom it was supposed bad been guilty of lawless conduct among the islands of the South Pacitic Ucean,!’ ‘tms Captain Pease, from all that could be gathered, 18 probably the same person ; and if 80, it is beheved the compiaints made against him may have good foundation, and should be care- fully inquired into. Commander Belknap did not see the lawless Pease, as that worthy ‘‘was absent on a turtling expedition to Ocean Island and French Frigate Shoal.” PRODUCTS OF THE ISLANDS, When Commodore Perry visited these islands he landed @ nunmiber o! cattle sheep. Com- mander Belknap endeavored to procuro fresh beef for his ship’s company, but found it im sible. The beasts landed by the Commodore been killed within @ few months aiter he left, but as the much complained of Captain Pease brought seventeen head of cattle witn nim and s Frenchman bas six more gud a iew sheep on & ranch, it is | oma that in a few years, the isiagds will well stocked with beef cattle. Fresh meat is easily obtained, however, tor Peel Isiand is full of goats, and Stapieton Island is said to be fairly overrun with deer. A gentieman here, Who Was on board one of the Vessels Of the Rodgers surveyi expedition of 1855, states that the turtle at that time were so fae that they were a decided nuisance in the rbors, yet Commodore Belknap writes that the turtle—which the islanders kill for its oll, which is used for cooking—I3 getting scarcer every year, owing to the indiscriminate slaughter, Fish are very plentiul, and during a stay of two days in Port Lioyd the supply caught was ample jor the whole ship’s company. Sweet potatoes, pumpkins and onions can be ob- tained in moderate supply all the year rouna, and green corn, meions, bananas and pineapples are plenty in the suthmer and fall months, Small patches of sugarcane were seen, which seemed to thrive, and the belief 1s expressed thas a soll and climate are Well adapted to that pro- uct. COMMUNICATION WITH THE GREAT WORLD. Seven American whalers visited che islands dur- ing the past year, and it is by this class of mem cuant Vessels that, as a rule, all communication with the outside world is carried on. Merchant vessels seidom touched there of late years, and it ts from the whalers that the people obtain ail their supplies of clothing, groceries and hardware, Al ol these islands, large as well as small, are heavily wooded aud well watered, so that slips have no didiculty in watering at Port Lloyd. GOVERNOR SAVORY’S DYING INJUNCTION, When Governor Savory died, in April last, he called his family about him during his last mo- ments and urged them to caretully preserve the and whenever American sh deed spoken of, came there to ask them to take possession of 1 islands. He told them that they had a number of relatives in Massachusetts, and enjoined upon his family that they should endeavor to have his dcara pubiisbed in the Boston papers at the earliest op- Peay. Savory, 1tis believed by Commander elknap, “lett. a considerable fortane in hard money,’’ a8 well as in other property. THE OITY DEBT OF NEW YORK. English Opinion of Gur Municipal Man- agement. The London Standard of May 20, comparing the local expenditure of the city of New York with that of the city of London, says that both Pans | and New York are ruled by real and single munici- Palities, whereas London is parcelled out among a multitude of petty bodies with independent and often conflicting authority. Prima facie, it woulda seem incontestable that the single great corpo- Tation ought to govern more hey ams ey dogg the petty multitude. Moreover, London has » Races More than three times greater than ‘ew York, and it extends over @ Jar larger area. It would seem not unreasonable to expect, there- fore, that the expenditure of London should be three or four times that of New York. As a matter of fact, however, it is not so. In 1871-2, the last year for which we have returns, the total outlay of all the London local authorities tor relief of the poor, police, politan, city and parish put oO £0,800,000—just A million more ‘was raised by taxes last year in New York for strictly municipal purposes, ‘and about three~ es of & million less than was actually spent. though, therefore, London m more than three times as populous as New York, the expenditure on local government is acfuaily less. In other Words, the cost of local government per head ta New York is trom three to four times greater than in London, and if we add the national taxa: this ratio will still be maintained. Again, we fod that the debts of the yarious London local govern. ments otuer than the Poor-law Guardians amounted in the same year to a little over ROOT The debts for which the poor-rates of all Engiand and Wales were iiuble bat slightly exceeded £3,000, 000, Even if we assame, so as to be quite safe, that all {hese debts were incarred by London unions, the London debts of all kinds would but slightly ex- ceed £18,000,000, against £23,000,000 due by New York, Head for head ot the population, therefore, the debt of New York ts between four and five tiuca Gre|rer (ay thal o. Wuunwous