The New York Herald Newspaper, July 15, 1875, Page 9

NEW Y fo) "FINANCIAL AND COMMERCIAL, The Stock Market Unsettled--- & Speculative Declines. rseninotenanas GOLD 115 18 A 114 3.4, Government Bonds Weak—Another Call by Sceretary Bristow. WALL STREET, } WEDNESDAY, uly 14—6 P. Me The course of prices to-cay was well calculated bo encourage for the moment those who profess to sec nothing but disaster andruin in almest every form of investment. At all times tn Wall Btreet. there are certain people whose province It seems to be to tear down, rather than build up; to discourage rather than promote Improvement, Bnd to take advantage of every possible sign of | Weakness, great and small, tn order to illustrate their pecutiar theories. Now and then, as to-day, | they have an opportunity of joining in the cnorns, “I told you 80,” and they make the most of tt; but in the main thelr diagnosis of the situa- tions 1s incorrect, Itis true thatthe war was followed by an ubnatural inflation of pric and an accumulation of debt on the part of railway corporations, which ars now producing their natural results, The pantie of 1873 helped on the impending dificuities and piled up fuaucial obstacles that called for the exercise of the best intelligence to bridge over # period of general misfortune, But {% is not) reasonable to suppose that because of these ‘thiugs great enterprises are to be suadenly wiped Out and further disaster is to cover the land. In ali the history of America itis shown that when- evor the country has becn forced to take a step back ward or halt for @ breathing spell it has sub- gequentiy taken two steps forward and become | gtronger than before. And so It will prove here. after, Our reports are ali indicative of ‘ GOOD CROPS AND A PROSPECTIVE INCRRASE of exports. This will give life to trade at the proper time, It will stimulate industry in every channe!, heip the railroads, pay the debts of the producer, set at irebh work the wheels of tue | Manwiacturers and go restore us to ualoyon days. It ts needless to say, afer the foregoing remarks, that tee majority of even Wall street speculators believe tn the permanency of any aepressing | Yhovement or are doing more than adapting them- Belvee to the contingency ofthe hour? Doubtless we ehall have a comparatively dull suminer market, | Dut its prices will by m0 means indicate the | character of that brighter fature which we hope- fully foresee, We have already alluded to the | Moods in France and the deficit Im the supply market that must vave been caused by the | losses. Let not our farmers make another mis- | take, Wheat is reported to be advancing in tue | foreign market, and those who most quickly avail themselves of the opportunity may secure profit. Greediness in.speculation never pays. Au eighth | per cent has often been vhe.last feather on the | camel's back, Free shipments will add to our @trength, and both directly and indirectly our producers will reap benetit, THE PRICES 0-DAY, Nearly all securities, compared with closing prices yesterday, showed miore or less of decline. Near the close the announcement of a {atlure . Aha the consequent throwing upon the market of @ quantity of Union Pacific and Atlantic and Paci- flo Telegraph Company, for which there were no present purchasers, caused a decline in hoth i these stocks. The former receded from 137% 72%, closing at 73% a 73%. The latter from al to 18, with @ close at 18% a 19, Erie was another feaiure, going off from 14% to 13%. The’ price in ‘London was also lower to-day. Lake Shore de- clined from 5934 to 58%, ending at 6874 a 9, West- | ern Union was steady nearly all day at 79% a 89%. Thore are hints of a combiuation with At- Jantic and Pacific Telegraph, and new arrange- ments that may eventually change the vaiue Mee ahh Wack! bm MF gy Ho PORiT St Paul and Northwestern maintained | their late prices, and closed, respectively, at 34% | @39%. Preferred of the ‘ormer closed at 6734 a | 57%, aud of the latter, 4974 a 60, Hannibal anast. | Joseph quietly moved lo 24 & 237%. Rock Isiand | ended at 104%, after selling at 194%. New York | Central closed at 103}¢ a 104, alter sales at 103%. Amorig the express stocks, United States was quoted at 43 a 434, American Express at 68a 57%, Wells-Fargo at 79, Adama’ at 902. ., CO. and L 0, ended at 334 and Wabash at 5. THE SALES TO-DAY amounted to $4,000 shares, which were dt- vided among active stocks a8 follows:—Erie, 11,200; Laxe Shore, 2,800; Northwestern, 1,500; Qo, preferred, 400; Rock Island, 400; Pacific Mail, | 11,800; St. Paul, 1,400; Ohios, 100; Westorn | Union, 25,100; Wabash, 260; Uhion Pactilc, 6,000; ©, 0. and L 0,, 150, ADVANCE AND DEOLING. The changes during the lust twenty-four hours | 200 are as foilows:— venoee —Atlantic and Pacifie preferred, 1; ‘anam: DEOLINE,—Atlantic a, Pacific Telegraph 343 New York Oentral, 0., iS ela- . Ware and Lackawannd, %; Erle, 143 Hatiem, %} Pacific Mall, } Quicksilver commion sock Island, 4; Union Pacilic, 1; Western Untex, KG Mariposa, 44; gold, ¥; Erie tn London, 1, The 8 irakey stocks were Hannibal and St. | Joseph, Lake Shore, Northwest commen, Ohie and Mississippi, St. Panl, Wabash and St. Paul pre- ferred, ik CLOSING PRICKS—8 P. M. Mil & St Pant.. 34 Wt a Quicksilver uickstlver pf. ph 49 prosse 8 wag HIGHEST AND LOWEST PRICES, ‘The following tavle shows tae opening, bighest and lowest prices of the day:. Opening. Highest. Lowest. | New York Central. 103% Woe | HarieD........00 13) 121 Ene Us 18% Lake Shore. 5936 587 Wavasn 5 6 Northwestern, 8954 Northwestern pref. 5035 Rock lajand,.... 104% 10495 Milwaukee end St Paul, 3454 84g MU. and St. Paulpref... oi oT Olio and Missiasippi.... 23 23 Papama, No changes are tobe recorded im this depart- ment, the loans on call being at the rate of 13g and 2 per cent; prime paper, as nsual, 3); and 6 per cent, Foreign exchange was weak for bank- ers’ sixty @ays sterling at 1.96 a 4.8654, aud steady jor demand Duis at 4.80% & 4.90, B GOLD MARKET was excited and large transactions are recorded, It ts to be neted that after the market parties were sill anxious to bay at closing rates. This is it & good opportunity for merchants and otners, Who desire to use bereatver, to make their arrangements. Gold epened at 115%, declined to 114% and closed at 114. The rates paid for bor- rowing were 8, 2andi percent per annuw, and 1-16 per diem, Loans were also made flat, The specie engagements to-morrow amount to about $800,000, CLEARING HOUSE SYATBMENT, Curtency exchange $56,548,112 Currency balance: 8,461,983 Gold exchanges 6,862 656 Gold vulances 049,717 THE UNITRO STATHS TREASURY. The customs receipts to-day were $628,263; ine ferbal revenue receipts, $011,182, The Asgiataat | dated, 7; Treasurer paid out $2%5,000-on account of inter- and $39,000 in redemption of five-twenty bonas, The Secretary of the Treasury to-day made a call for $10,000,000 five-twenty bonas of the loan of 1342, this being the twenty-second call made for the Syndicate, The following is the text:—"By virtue of the authority given by the act of Congr approved July 14, 1870, entitled ‘An act to authorize the refunding of the national debt, I hereby give notice that the princtpal ang erued Interest of the bonds herein below 4 nated, known as ‘Five-twenty bonds,’ will be paid at the Treasury of the United States, in the city of Washington, on and aiter the 14th day of Octo- ber, 1875, and that the interest on said bones will cease on that day. That is to say, coupon ponds known af the fourth series, act of February 25, 1862, dated May 1, 1962, ax follows: Coupon bonds, $50, Nos, 21,701 to 23,500, both inetnaive; $100, Nos, 64,501 to 75,000, both inclustve; $500, Nos. 34,001 to 88,200, both inclusive; $1,000, Nos, 96,901 to 108,000, both inclusive. The amount outstanding, em- braced in the numbers as above, 18 $10,000,000, Upited States securities forwarded for redemption should be addressed to the ‘Loan Division of the Secretary's omlce.!” Bank notes received to- day, $550,000. A despatch trom Washington states that Secretary Bristow claims authority, under the Resumption act, to continue the issue of five per cent bonds over and above the $500,000,000 anthorized by the Funding act of 1870, | to any exten? necessary to carry into effect that law. GOVERNMENT BONDS, Government bonds closed weak {in aympathy with gold at the following quotations :—United States currency sixes, 122% a 122%; do. do., 1881, registered, 119% ® 120%; do. do, do, coupon, 122 a 12244; do. five-twenties, 1862, con- pon, 116; ao. do. 1864, registered, 117% @ 1183 do. do., do, coupon, 117% a@ 117%; do do, 1865, registered, 119 @ 119%; do. do, do, coupon, 119% & 119%; do, do., do., new, regis tered, 119 @ 11954; do. do., do., 40, coupon, 119 a 11914; do. ao., 1867, registered, 11934 a 120; do, d0., do., coupon, 1205 & 12044; do. ao., 1868, registered, 11994 a 120% ; do. do., do., coupon, 1193¢ &@ 12034; do. ten-furties, registered, 1174¢ a 117%; do, do., coupon, 11734 a 117%; ao. fives, 1881, regis- tered, 1163; a 117; 40, Go, do, coupon, 1174 a lis. RAILROAD AND STATE BONDS. Rafiroad bonds were weak in the late afternoon dealings, but closed steadier in tone, Union Pacific firsts sold at 100 a 10034, land grants at 99% and sinking funds at 953s. Central Pacifies sold at 101 a 1014, Chicago and Northweatern consolidated gold bonds were strong and in de- mand at 8244. New Jersey Central convertible brought 111, Rock Island sevens 108, Hariem cou- pon firsts 111 and Morris and Essex firsts 1124. State bonds were duli and steady, THE FOREIGN MARKET, London advices report @ gain of £344,000 by the Bank of England on balance to-day, The rate for money at the Stock Bxchange on government securities 18 2 a 234 per cent, discounts in the | open market for three months’ bills being 2% per | cent. ‘he market for securities was @ shade easier, but closed firm, To-day is ticket day and to-morrow fortnightly settling day at the Stock Exchange. The following are five o'clock Lon- don quotations:—Consols, money, 943} d0., as- count, 045¢ @ 944; 1805 bonds, old, 106%; 1567, bonds, 10744; ten-forty bonds, 104% a 1045; new loan, 104%; Erte, 12, quiet and weak. PHILADELPHIA STOCK QUOTATIONS, City sixes, old, 10454 5 Camden and Amboy, 129% a 130; Pennsylvania Central, 618 51%; Reading, 554% a 65%; Lehigh Valley, 61% 861%; Pniladelphia and Ene, 20% 4 21; Northern Cenwral, 29; Lehigh Navigstion, 505¢ @ 5034; do. Gold Loan, 102, SAN FRANCISCO MINING QUOTATIONS. Gould & Curry, 16; Savage, 96; Odoliar Potost, 74; Uphir, 47; Hale & Norcross, 8% Crown Poin', 81; Yellow Jacket, 85; Belcher,27; Imperial, 8; Virginia Consolidated, 807; Calfornta, 57; Over- mau, 61; Raymond & Ely, 61/ Eureka @. Vy 5; Best & Beloner, 45; Kentuck/15; Union Consoli- Alpha, 19; Meacw Valley, 7; Sterra Nevada, 14; Mexican, 19; Oaledonta, 13; Hureka Consolidated, 61. MEMORANDUM. The following large corprations commenced to pay out on account of diyaends:—New York Cen- tral, 2 cont; West'n Union, 2 per cent; pam, 8 per. cent. ali dlarterly divisions; Wells, rgo Sat 4 per ceyt; and Rome, Watertown and Ogdensburg, 8 per cent, both semi-annually. A report from Providence states that the eewer Joan of $600,000 hss been awarded to Messrs, Morton, Bliss & Oo, at 100 26-100 per $100 of 6 per cent gold bonds, NEW YORK STOCK EXCHANGE SALES panes Sa. Riot: Webnespay, July 14, 1875, BEFORE CALL—10 A. M. $5000 M1 & St J.8's, con 84 300shsLS &MS RK.83 5: fo shs MLA Min, a9 Dd 0 do 10 Exie do ees. 1600 West’ Un Toi. i) do a: Gok: Slessssesse: Ey Seeesess ” ROR SESEREEESE do. Bons si ike Big 100 Chic F R £ a 574 100 To. & 08% «= Pac ek oe Boe 10:15 AND H30 A. M, vd e100 07 8%, 19-40, 31 $6000 U 3 Os, ©, "81 Tuy US 5-20, c, "67. — U ae ©, "61 FIRST BOARD—10:30 A. M. co 50 sus West be ay -~ toad oe Ua Tate R 10054 Yo hi aR Vi. 3) 104 do 25 104 1 46 rn} in ios Bis © 408 Lx. by 200) Central Pacg’b. 101% BU SER Co, 43 500) Mich Von 75... WK g Wolls-Pargo Bx Yooy Um ie semis. 10% x Oat ities. b's 1 1000 do. +10 40 Ciey & P gtitsibo 92 000) On Pac ska fé.bo yo! eo Le Lat sth, 2bo 59) 000 §5%4 4 83 by Mt oy by stam di. BO bute Ty seh 8 daa 9146 1 ookg 500 FP W AC Ist... UE” by 69 Too at Western 24-.. 5034 $9) ie ocd Mor a Lat ti 100 pap yt do. oY) ~ Ca Fall Ri be 0. Z U0 « of woun mee 3 it BRVORK CALL=12:30 P, Jo) she Mf LAM, as. ips =m pie Ri {00 Até ‘Pe Tei.. Wy West Un tel 100 4“ 1200 . ig 1D Deh aay Wik: ” iy #10000 U6 620,068, aes 10000 US tub, ur + u SKOOND BOARD—I P.M, $3000 Tenn gold... $9 490 4h8L.8 As RR. a8 om 5000 Georgin 7's, new. do., mew, 107% a 107%% | Be i | 2000 P, rt W 2 so 73 45ehs Del & . ie cee io s « ie i 900 W, a 3 40) 30 8) 700 Suu Pac 100 4) wo a0) is A i C4 i. we 109 59} 2 52! 2:30 TO 3 P. 00 shs Pac Mall SS.L3 500 do. COMMERCIAL REPORT. COTTON ON THE SPOT ONE-EIGHTH LOWER-— WUIURES STEADY—FLOUB 8TRONG-—WHEAT AO- TIVR AND HIGHER—CORN sTBADY—OATS DULL AND UNCHANGED—RYE DULL AND UN- CHANGED—BARLEY QUIRT AND UNCHANGED— BARLEY MALT QUIET—YORK DULL AND EASIER—LARD QUIET AND STEADY—PETRO- LEUM DULL AND RASIER—NAVAL STORES QUIET AND FIRM—GROCKRIES FIRM—HIDES QUIRT—LEATHER DULL—OIL8 QUIZT—WHIS- KEY STEADY—FREIGHTS FIRM—HEMP AND JUTR QUIRT—GUNNIRS STEADY, WEDNESDAY, July 14, 1875. The markets were goucrally quiet, but there Were some notewortiy exceptions. On ’Change there was an almost unprecedentedly active movement in wheat, based upon iavorabdie cables and continued wet weather in England, ‘The sales were very heavy and prices decidedly higher, the market closing very strong. Corn Was qniet but steady. Oats dui and heavy. Whiskey steagy. Pork and lara easter, Fretgnis stronger, Cotton on the spot jc. lower. Fuiurea steady, Petroleum quiet, Naval stores quiet and firm, Hides quiet, Leather dull. Ons quiet, Hemp and jute quiet, Groceries steady. Guunies form. Correr.-The market for Rio was quiet but steady, We note sales of 200 bags Santos, and at Baltimore saies were made of 1,100 bags Rio, ex Yamoy- dou, and 4,083 bags do., ex Minova, on private terms. We quote :—Ordinary cargoes, I7c, a 17}¢e.; fair do., 18\¢0. & 18\e. ; good do., 196. a 19%4c. ; prime do., 19gc. a 19%4c. 5 extreme rango fpr tots, 17c. a 20%c., gold, 60 or 9) days; Java, government bags, 2c. a 27; 26c, a 28c.; Sipvapore, do., 2c. a Mc. ; Ceylon, 2c. a 22c,; Maracalbo, 2ic. a 28¢.; Laguayra, 2c. a 2le.; Ja. maica, 18c. a 19¢.; St. Domingo, 7c. a 17%e.; Porto Rico, 18%0. a 2c. ; Costa Rica, 180. a 2lc.; Mexican, 190. a 2ugc.; Angostura, lao. a 2i}go.; Savanilla, 20c, a 2c. ; Curacoa. 1834¢. a 200 Corzon on the spot again moved with considerable freedom, ona demand mainly from the Eastern mills, We tiote sale below of 625 bales tor export, but exporters were not generally in the market as buyers. Quotations were again reduced Yc. tor all grades. Fntures sold off en and closed steady at tue following @ P. M.) quota- tlons:—July, 15 8-320. a 154¢0.; August, 15 3-820. a 153¥0.5 6c, @ 14 27-820. October, 14 7-160. a 14 WeBee Wvemoer Ti 9-820. @ 1d Diée.:, December. 14 oe Se: Munrel, alae pits : i ej, Marc brik, ay, i BS TS ‘346. a 18 7320.4) June, 15 15 13-320, is C sahatetlGnd. pend om ataadara’ of aishets fication ia force September 1, 4, nd on upland cotton funning in quality hot more than hait a grade An ator ee peloW. (ho Krada. {auoved Ordinary, "Sho: Food ordinary, | strict good ordinary, Ise.; Tow Grwdling, Loige.; middling. 15%. : good middimy, 170. Quotations based ou American’ sladdard of classifica: bic gohine Marr Alshama, N, Orleans, Texas. Ordinary... 124 r} Good ordina: ua M4 att Mig ‘Low iniddliny 15, Ie Ibi Miadling. 353 G LM iddling fair.. 6) 16: y ASA 7 17 17 17g —The sales were: Export... Consumption, aes, sie Janint are a lase, April, By at Lec. ai) Lise. ; The ape “at May, 400 at loige ot 80, bales. fhe apart eae Gatveston, 22 bal Ww Or 204; Mobi ae Ghacleston 49; Wiimial neton, By Norlin mM ‘ork, 690; Boston, 24, Philageiphia ia. shatal | 198 pales, TR ane ei, 60, 1,519, Total ay I since. September = S7s7s aloe Cotton ‘“frelghts ° Havie, by steam, 1-1 eh ; 10 Bremen, oe time “last Aas sed as foliows burg, Dy sear ‘then, resaed C., compressed fo Liverpool, by stoum, sau ‘omtwe fo Foun ayn” Gnatte-Reoe (GC FOU, 1388, poles heat.'02,019 bushelst corm. 25,108 do 7,000 do. oats, figur market rileit stead home, trade and for ship- barley mait, 1, under # fair ing ment. The firs ited on ‘Change tok Pes was milled at Nashville, Tonn., and reosived by” Finch & Sons. The sales "26,505 bbls. Rye was stealy. Gorn mal was moderatel, active: the sales were 1,250 bbls. and 25) bavs at $4 80 ‘or Brandywine, $4 25 for Babillon, $4 15 a $1 2 for Western yellow, 94 15 for tropical. $4 @ $4 15 for i ae of pew wheat flour was exhil nity rom Jersey and Pennsylyan er bb; Baliimore coarsa sacked, $1 05 per 10 1b ; Coarse, $147; fine sifted, $1 £0; bolt Yellow, i Dalsed white, $16 par og. eked-—voatee, ne yellow, | agin: 1 bo'a $1 99 per 100 Ibs. "Wo quote se Noy 4 State a1 8 $4 45 Euperiine State. 4508 415 Extra Star 500a 549 5Wa 575 4500 475 50a 525 5 25a 600 40a 525 5508 600 60a 7 09 5Tda 625 Be Louis choise double extrg. 6504 700 St Louis, choioo family . 70a 900 Rye flour, fine to superiia 4008 450 Southern, No. 4100 450 Southern, superfine. 4508 500 Southern, extr: 52a 650 Southern, family T0a 875 Corn meal, Wesier co: BBR. 48 Corn neal, Jersey. 4a 420 Corn moal, Brandy: 4500 455 Corn meal, puncheons.~ i008 = —Wheat was very active the stimulus of continued unfavorable we: land and booyant markets there, Meo oY cables. The sales, Bod last evening, and most rive, Were avout pushels, Consisting mostly of 3 = =? 2 5 4 2 g Chicag Spring. The market at the close wi si 25 Fy? No. 2 Chicago orn and No ‘th west, $1 27 for BS Milwaukee, $1 3) a $1 3! for No. 1 Milwi nesotn, $1 83 fc and amber winter, ee a $14 were at $1 22.0 81 44 for No. 2 Unica 4 $124 tor do, to arrive, $125 for No.2 Milwaukee wold Tast evening), $t 2 0 tor No. 1 on ee Be pe to arrive, $1 1 3 for rea wint 1 36 @ $1 38 for ane $1 0 0 $1 42)¢ for waite. orn was steady, with | demafd. The sales were about ecb busiiels at 1c: a Bic, tor steamer and 620. a 830. fur sail. Ryo was dull and nominal. Oats wore dull, but unchanged. The sales were 97,000 bushels at GUc. tor No. 2 Chicago, ees mixed; ‘Big. 1 620 Heaxo,4 ation’ on jaflonts 620, for Ge. tor Wastern whit @. tor wi te and bad for tansy, mixed. Barley ee quiet changed. Barley malt was quiet and without important Canada quoted wt $1 8), time: lake, short, tworrowed State, $1 4 add’ four, $1 S04 81 by eal Boans an market for both medium and marrow id prices were without decided change. Hum, new. choles, $1 94. do. {ait to 1 75) mMarrows. new, choice, $i A) 9 $2 45; 0. fair to good, $2 a $225; peas, new, $1 90 282 05; tt, kiduoy, pri ie, Dew, $3 19a go 25; wren peas, new, 40a nite Kidaey, choice, $2 a $2 I + fale fo cous $1 shn si 75. Guynies.—The demand was fatr and the market was steady anged pricesi—We qpele —Domestic Borneo 4 gad Se, @ 130.) Cale 9! aks Losec. @ L Vince ap Jurs.—dute. bitte were in good demand and tne market was quiet at unchanged prices, Hemp was inactive and unchanged. ed quiet and without Important hinge We soarsirioae dressed, per Bt paul a 3225, gold; n, $200 8 bay 4360. © Sige. miata, CEpeencres at ties ourre nemn, Bsc. a Hiipes.—ihe inarket was quiet and prices were un- changed. The sales were 700 wet salted Texas on pri vate erm We quote r-Dry-—Buenos Ayres 25.10% 28 ths. 220 do. 29 Ibs, 200. Zibge.: Mon video toh | Corientes, 21 ni, 18 1s, a 2 ibs namoroas ry oe at ry + A/C, & 18e., gold, se: gle was in moderate requost WA * rec was dull and prices lected Lxatman <Uemlock from menutacture gular ‘and Unset were tr Motassus.—The markee” ‘was ver hao but, the Present prices were firm. te Guba, gentritugal and mixed, 2, a ie: do. glavea, 00, do. muscovado, refining. 820. & do., on, focery Soe. e.; Por’ tata Boe. ic on English Islands, 3c. thet New Ori 750. ei Ye rite turpentine was quiet and close The sales were 10 bbl: . Rosin was fairly peuve and ‘arin, We note sales of 500 bois. mi Fogd ar rena” Oar 5 oe te md ae = rv 9847, $5 7551 do, 2 bb do. comtmow-attntned, at 61 70. and: 1800 to. fo. Geltvared iis monih oy, vessgine on private’ teriap: ‘Ver was dull and unchanged. Pitch way quiet, Wo quote ;—Bpirits of turpentine, Siige, , strained resin, $1 65 8 $170, Wilmington tar, $2 2) 0 $i ote; Washuiigton tar. $4 25; pitch. $2 aig. useed was quict Lard was auil and somewhat irreguiar, Olive was que: and steady. Coutonseed was dull ‘and “nnchanged. Gruao. wha nd sperm wero quiet and without ab orina 2 changes. We quote :~-Votton a0. winter yellow, . lard, spring 05; $105; menhaden, rime Long Isiand Sound, sto, 4 See. eperm. crude, bleached winte: 1 9): do, natura: do, 1 855 whale, Northern, Gic. a Gde,; do., Southern, He do., grass | 7. gales, of 1, d Minnesota at H 2,800do, No, 2 yaa a it as it $1 18: a smail lot do, at $1 20, ane No. 1 Minnesota at $1 22, to arrive, Corn dull and heavy: sales of 2/0) bushels No. 2 at Tage. a fie. Oats neglected, Hye inactive, Male quict | Baciey—None here. Seeds duli and nomial. Perk a jo., bleached winter, 8 Tao. 5 8, Tee j,dos atral, 40. 70s. 18; do., oases, $4 25 0 B4 50. i olive, casks, Sind ua oa Change Me siealy one 11 pore at ehtia jel ia a ide. "ee > dee quoted at a Sige. tor bromps for Av are st Tos do., in ot & e. bad (ary: and 5 it~ mepiae te ip fo ipnik ! ti f pr spor, 1140. a L%e. for mou oe ‘ona and month. ), 16340. Ly, Tie. tladslp a mas quote: x @ rt (01 was quoted at 11Sjc. a llMe. for ‘po ‘eak at pi 15 a itt. and dull; Parker's— asier. 1, 600" bbls. ak sved how's were quo at ae ais Were quiet wud easier, and oN yews Ae ‘at Boot was .guiet and wi without obi Barrelled, plain ines, bay ie bata ss Sit uy mess, a incon wasin pood demand, e | 150 boxes ai ic. for tat long clear, an Lard was anc easier. We note sales of 200 tigroes prime ott n-12H¢0. 180 do Tefined at 19%c.. 290 dont 13-10, 13 5-1c. @ 1820. for August, 750 do. ats Teen ibe + oF September and 250 do, ‘seller's arlizce. Cut ments wore moderately activ were 6,000 ibs, rib bell at 11%c., 600 piekled blekt id shouiters at 1030. the market was ye alee 40 good an quiet and quotations were ertnout’d ided change. We quote: Biate good to Shore. Hoe. iw 280.; do., commen, to good bee "a'260.4 Western crea: fair to good, 2ic. a 26c.; Western tubs, poor to cholee, 1c, a 2i Western iteserve and Micaigan, poor to choice, Ibe. Cheese—the mar- ket was sivady, with a fair demand at full unchanged prices, We qudte:—State factory, cominon to fancy, Bo. @ 1240: : do. dniri ores . L190. ; do. dos, fair U0 6 bart skin, bo. ; Onio factory, ‘common au receipts were light and the! ‘demand wos slow and the market was inactive and gy We quote :—Long Island, New Jersey and Dear by, 20. a te; stare and Ponns; lvanta, 20. ; Cana: aq. oh brands,’ 22c.. Western, choice brands, Z1c.; other Western, 2030, a 2le. Ricw.—There was a fair demand from the home trade and ihe market was aS, steady. We note sales ¢., 40 bbls. Louisiana at of 25 carks Carolina at 780, Bice. a Then, and 10 bags angoos, at We quote Carolina, good, 7340. & 7%. & Be.: do. lee, 80. a Sige. fair io priine and ‘comiuon aya 10 60.5 Goon, Ose. a Te. currency: Tea Tae. curioney mgoom.ln bond, ‘dye. a vive. per ib, sold. cash Sucan—The adres for raw grades was frm and mod active, erate! tive. 6 sales were boxes mol spear at 7dc., 209 hhds. fair to good refining at Be., hhds, low grado centrifugal at 8950. per lb. market for redved sugar was tirm at annexed gueta- a fons, We quove;—| good do Noni Cubes grocery, 8) rte nage, Ri rf centntugaly 40. “A, Wige. a Hdg c. a thee ‘crushed, powered ike. Araainatel lire, vel tow. Bac. i %0. c. Because was duit'at Tattow “was quiet 39,00) Wa. at 9 10-160. Wattsir, —Recoipis, 3 The market was steady, Ton oF 00 ble ae 8 Ze per eullon he market tor berth hts was de- elaedly er and fairly active. In the chartering business the general position was about the same. iho chgagements were.us follows:--to Liverpool, by seam, | Dushels grain at 8d. a 84d. bushel, and 206 Biss cottow at S4d_ per Ib: oy, sail, 16.000 bushels arain (La 84d, ‘per, bushel, To London, Ly sail. Dhie Hour at an pe ‘The charters wer British bark, of 231 tons register, hence to Yenarih Roads for orders, with 2 i auarers grain at 6s, 94., to a direct port in the United Kingdom at ‘isn | “brig, of 204 ons register, hence same voyage and rate as | above charter, with 1,50) 0. doe; British, brie, hence to Cork tor orders, with 2,100 do. ‘do, at 7s. 3d.; another, hones samme Voyager with 2,20) do, ior at Te, ‘short. lay jays; an American brig, from Philadelphia to Mar- ee rule petroleum at bs. ; an Ameri- and W10. for city, ine for prin ior prime ido. a0 Lago, We avie suics of ‘ky of ous register, hence to two ports Spain frit “tio. Ritts Nopasse and. best a port in the United states north of Cape Hatteras, at A rate not re ported ; an American bark ot 79) tons regis- ter, from Pita! BOs to the Continent, with grain, at . por quarter; Snore eaae | bark ter, Hence to Cork’ for orders, 2,200 quarters gra: ‘@ British bark, hence to the Continent, with 2,700 | do. do. at 7s. Sd. ; another, with 3,000 do. do., ‘same voy age and rate; an Italien bark, same voyage, with 4,000 do. do., on private terms; an American bark of 42) tons register, hence to Rantander, with tobacco, on ptt. | vate terms; an American brig, hence to Lubeck, with 2.30) bis. refined petroleuin, at 5s. 91. per bbl. To. Li erpool, by steam, in addition to the engagements re- ported above, ) boxes cheese at 453., and 1,000 boxes bacon at 35s. per ton. DOMESTIC MARKETS. Gatveston, July 1, 1378, Cotton quiet; mfadling, 14%¢c.; Py middling, 134 ood ordinary, ee Net receipts, 22 bales. Sales 16, New Onieans, July. 14,1875 Cotton quict and unchanged; “midditsl low middling, Wge.: good ordinary, receipts, ‘2 bales; gross, 20 sports T0, Feance, 2 523; coastwise, = Safes, bx. Btocn’ s ‘ed Monuux, July 14, 1878. otton quiet: middiing, | 14%o. 4 low milidling, wet kod ordinary, 15240. ‘Net receipts 25 bales. Ex", ports coastwise, 229. ' Sales, 2, stock, 1,( Savannant, Jutly 14, 1875, 434c. 5 Hes middilng, 137505 good ordinary, 13%c, Netreccipts, 72 Sales, 14. Cuanuasrox, Jily 14, 1875, Ootton dull; middling, 14%. low. mildaling,” 14%q0. 5 good gxdinary Wee. a’ 134¢, Net receipts, @ bales’ = Stock, 6, Winattnarox, NO. .. July 14, 1875, ae steady at exe Rosin quiet‘at $i 45- | for picatued: ‘Tar steady at $l 75, Oswreo, July 14, 1875. Flour steady; sales of 1,909 bbls. at $6 60 tor Bo, 1 $7 for amber winter; $7 2 tor white win- 60 tor doubie extra. Wheat noiiually higher for Tats No.1 Milwaukee club held at $1 25; extra white | Houigan, §1 40. Cyrn unchanged; sales of low inixed Cyrn meal, $34 for bolted ; $02 tor udboited fon,“ Miilteed unchanged; shorts, 8 shipatufs, middlings, $23 per ton. Canal treights—Wheat, 5 corn and rye, oats, Sge., to New York; lumuer, $22) tothe Hudson. Lake receipts—Lumber, 1.2/0) | feet. nnee shipments—Wheat, 5,000 bushels; limber, of 8244 tous regis: Cotton dull; middling, 1 | a | me | Lal Seer ona ae 200 B6ts qed Bay | bu: ‘orn, 9,000 do.; oats, $3,005 do, Kaliroad're- | ceipts—| four, 2,900 Mia whe: con 6,500 bushels; corn, 17,00) do.} oats, | 10,000 'd 81 do. Railroad shipments—Flour, 290 ‘pots: : honk, 56.50 bas east cc ny WO dv. Oats, 15,500 do; rye. do. 04 p: maencs to tidewater—Wheat, $03,000 bushel, a. 16,000 Jo interior points—Wheat, 1,009 bushels, higher and firm—Wheat, 7. New York, tolis included. Lumber, Hoar quiet and Oe Sh Wheat oxetied ushel guist at $20 75 for heavy m Lard quiet ab lic. a lijgc. Highwines nominal at $1 20. j Towrno, July 14, 1875. Flour steady, & moderate demand. Wheat gponed firm, But, raloned duis, No} multe Michigan, | 1 du; extra do., $1 31; amber Michigan, 12888; acluer Vily, Bl 26; doe Ausust and Septembe: on ic 1 red winter, $1 Tate 46; No. 2 do., soller Septem: 6i6; No. 2 Dayton Sha tichigan red. $1 o435. | Corn Marker dan and prices a shade lowers high | mixed, 7240,; low mixed, 72sec. ; no grade, 70c.; damn- axed bic. jats—Market du 1 anit prices have declir i, 55. Freights dail, but unchanged. Recelbty-Wheat, 19000 bushels: corn 100) do. cine ments—Flour, 49 bbls; wheat, 11,000 budhels; corn, 41,000 do; onts, 6,000 Cmrcaco, July 1. 1875, Flour firms extra spring, $1 9) a $8 2), Minnesota, $5 376, Wheat ae ring, $1 its; No. 2 do., $1 10) E32 $1.09%4, i Mepeanbers No. 3 do. $1 Fo, ects} re, “Gorn in goo demand and lowe 2 OTe. a 87740. 00 Gono, a OB7Ke., August; GYf0., Seprember, Gats fale | active, irregular; No. spotty 375 Augast; 83340 » Sep! sa tabeE Sjected, W300 hyo dail, bat unchanged; No. 2, $1 02, Bariey quiet aud weak. Potk i demand, but lower, at $19 15, spot; $19 12 | 3u, September. be gelchiat ead $13 10, September. Bulk meats t, unchange |. Freights—Corn, to Buffaio, 20. At | of the Board wheat lowor a pL 00%, | 1 hye’ Augast. Sie and un. | al 10 a $19 15, July, Lae ‘August. | {ard unebany ne Wocelpiees7.U00 bble flour’? O10 bush | eis wheat, 112,00) do. corn, 27,000 do. oats, i0) rye, SHipmonts—e0u0 bois. Hous FAO bushels wheat, 87,090 do, corn, 4,000 do, oats, 8 do. rye. HAVANA MARKET. Havana, July 14 1875. Spanish gold, 212 a 213. Exchange firm. United Brass Tea #4 days? currency, 93 a 95 short 00 premium: sixty, cit 13 @ 12 (GE. short sight do., 125 a omit: On Jondon, 150 a'152 premium. va *parin "E3"a 1a premium, Sugar firm, EUROPEAN MA RKET, Loxnon Propuce Manxet—Lonvon, Jaly li— per cwt ning.— Liuseed oil, 24s, —LAPSLEY & BAZ! HEY, 74 BROADWAY.—STOCK PRIVILEGES ON MEMBERS OF THE STOCK NGE Us NAMES GIVEN AT TEs aan 0 a’ BRINGIPALS VERT ho’ SON IRACTS IN OUR NAM OM PNLE pit HONKY 13 LUST AND MADEIN, WALL STREMT" MAILED FRE TO ANY ADDRESS, T REASONABLE RATES—MONRY ON LIFB AND Endowment Insuranes Policies, Mortwages and other Securities, Insurance of all kings effected with besicompanies J. 9, HASRIGH & Co., LI7 Broadway TOOK PRIVILEGES REMOVE THE RISK AT. A.“ tending ‘stock speculations. We are noxotiating Contracts on members of the Stock xchange st very close rales; $5) to $100 for Puts or Calis; $200 to $409 tor Double Privileges; contracts may be used in piace of cash for purchase or sales of stoc’ a rnrpations. pad in- formation furnished, TUMBRIDGE & ( Bankers and Brokers, No. 2 Wall's street New York, Stocks bought and sold for cash or on moderass iaar- =i, 8 AND 10 PBR ORNT City and County Bonds, Railroad Bonds, City itatlroad Stocks, Cag other chdice Stocks and Bonas, paying iJ to 10 per con! At a reduction below par, for sale by ALBERT H. NICOLAY & CO, Stock Brokers and Auctioncers, 13 Pine street. N, B,—Ipvostment Securities our spe italy & yeur: M. JOHNSON & BRO. 10 BROADW. A. ‘tn Bonds aud Mortgages; also cash is DANS ond Mort: York, Brooklyn, Westchester nad Jersey os. New sporty, N¥ AMOUNT TO LOAN ON PIRst CLASS CITY Improved property, without bonus; large sums roferre) ; $5, lown at G,per cout Apply at it Broadway, room 5, from 11 to KUROPGAN FUND OF $950,000 TO LOAN ON New York and Brooklyn proporty, in first clase st suins to sui ve years. Address, with fall par fire, box 119 Herat ofie oe La nduarend PRIVATE A toa GENTLEMAN WILL ADVAN( of from $50) and upwards to tradesmen, farmers 4 ObOFs OW personel vecurity, inter er cont p num from one toseven years: Ro commission or charges made, and immediays advances made on an, Heation to J. HAYWARD, Givit box 9,229 post office, N. V.— AlNo sutin trom $h0N upwards on Fond and Morigage, in-sums to suly, at trom Sie per cont 4 for any term wot exceeding 2 yeara. All sored same dny Ay received: personal Aistarviews' by Ay oinement; strickest socresy A =MONKY LOANED PROMPTLY On MORTGAGE, Gest clagy Pier, xo mL FaR, allway Bonds for sale, we ON, Jr, Li Pine stregt, re | of any engine of sane capacity, using no bolle ang RK HERALD, THURSDAY, JULY 15, 1875.—TRIPLE SHEET. ever placed before the pube h is commenced, Address bok sti a ottice. Di UEEN AN. AMERICAN INSURANO ‘aol punt E COMPANY, Caan assets, $1,962,436 dy ‘No. 179 iro RE nw At a meeting of the Board of Diteotore: Held " $4 rt semi-annual divideud of 5 per cont was declared, pays ble on demand, JAMES A. SILVEY, etary, LWAYS HAV, HAVE MONEY TO LOAN ON oop Hg Principals Sow York cit; yore es without jesiring to BUR. ow INVEST Haag 145 Broadway. xNte KERHOCKER ER FIRE INSURANCK COMPANY jew York. ° Established 1737. Office, 64 Wall street. Nuw Your, July 2 1676 At a meeting of the Board of Directors aod dine the usual semi-annual dividend of $ per cant on the ial stock + the company was declares payable on aua iter July 1 Iso an extra dividend ofS per con, Payable at the sare tn imi nee books will be closed from this date until ns JOSEPH Le TOWNSEN. Secretary MONEY 10 LOAN@vOu THRER OR FIV A ¥GARS, on bon! and mortgage ou New York city property, in sums to suit, CALLENDER & LAURENOE, 36 Pine street RUST FUNDS TO LOAN ON BOND AND MORT. age on Age: York and Brooklyn city l'roperty, in ums to suit: ony Joansa ‘specialty, * principals: address 10% 2,900 Fost ot i Sanetnes bidet Ory PIRE INSURANOE COMPANY, Organized 1853. corner Broadway and First street, Brooklyn, 20 Court street. 208 and 210 Broadway, Now York. Capital ... Surplus Jaly 1, 1878: Assets... Ofices { $250,000 00 Sd BB523 6 svree $793,523 OL Bnooxry, July 9, 1875. ‘The Board of Directors have this day declared 4 seml- aunual divideud of teu per cent, payable on demand, —~xpuuno briaas, President. N. W. Mrserors, Seer pet Men 5. 000 3 WANTED-VOR A TERM OF YEARS; $5 n first mortgage on a farm, in farfon oounty, Ned. Adatoea BO. ., 180 Washington street, Brookiyn, Y, $65. 00( TO LOAN WITHOUT BONUS, ON IM- pa proved Real E: per cent of the Blates Tasurance | company, 14 Park place. #LSON LbCk ZY, at United tone haat. BU SUVESS ‘OPPORTU ITLes, At Ate? BUSINESS MAN WANTSD WITH SOME political intluenge to confer with the cwner of a & ood plan for an elevated railway. Address KAPLD TRANSL, Herald Uptown Brauch ilies WELL KNOWN CO) @ siaple article, have a process of at one halt the coat of other manu Pariner with $6,000 to $12,000 capital. Address OPEN- ANG, box ill Herald office, A. NECKTIE MANUFACTURKR WANTS A PART. ner with some money; basa tirst class trade; an old estaplishen business; exceliont location and every. tuing in good order. Herald fic A established business (9 nufacturing bi ich of the fentemen® eee, t ie), Wants & partoer with trom $2, to 85,000, who could take charge of the boo! Address & B., 145 Herald omce. N EXPERIENCED BUSINESS MAN WISHES TO invest $8,409 to $10,000, with services, In a sate, Profitable business. Address, with real name and busl- a, Herald office. AN OF LAKGE EXPERIENCE, OWN. Office uyatt walited with ihrge, Send address to oillce. $5,000 ts BUSTA ERS box 151 Heral A 2000 RISINESS WANTED—GROCERY PRE A. ferred, for cash, Horses ana Carriages and Real Kstats, uniioumbcrea, KES Taliman’s stable, 7 Great Jones street. (A. PARTNER WANTEDCIN a SAPE SoRSTANTTAL business of long standing; will bear iuvestigation; full value for the money; Sy od require BIGGS, No. Dey street, NARPENTERS.—WANTED, A PARTNER WITU A / small capital to take Le aes interest of a welt ecrabianed business and attend to tadoor work. Inquire OUN SCUREYER, 3 ost Forty-second street. OR KALE CHEAP—THE PARTNERSHIP OF A SHLIP- the business. | ai, 1 gts SALE—A QUARTER INTER: IN THE PROP. ty of 28 acres known es Ocean Park, New chicos adjoining Ocean Grove, on the sea shore. the property has been greatly* improv rapidly enbaneing in value and will goon be ni railroad Station, For in- FeO apply to F. H. KENNEDY & SON, Asbury VuITZdCUE,995¢ Franklin Market, Old ew York ity. OR SALE—TO CLOSE BUSINESS, ONE-THIRD IN- anny ah has eared 10 at, yer od address” MBECLA! 20),000, » box YOU ARE LOOKING FOR A PLACE LOOK at this:—Free rent this monta, $45 per month; bh iby bd And store connected. 137 Wooster street, near Bloeckers Complete order. ARTNER WANTED—IN AN IMPORTING AND manufacturing business of Over 2 ycars’ standing; capital required a young man of good business abilities will Aud An thie a ane opporwumity. ress: IMPORTER, Herald office, ARTIES SEEKING A SAFE AND PROFITABLE manuiac turing business are solrcited to investigate a new improvement in steam engines that can be made ‘Address NECKIIBS, box 140 8 rm pmish shop; & good chance for one that understands | | for halt, occupy quarter the space, require half the fuel | is abso- 93 Lib- lutely tree trom d. eriy street, Bvgine in operaion Vaey Dusrba sie WooD YARD FOR BALE—Ia- | vorable location and Jease and having @ large eash family trade: well fitied up; good stuck and all new ma- ves and spliting. Apply GRiGGs & ghuimery tor sa AR ie UO Wantep—a PARTNGR. WITH $i,10), IN A BUS! ness that pays 6) por cent. Address D., 9 hing: land avenue, Brooklyn, 6. D. WANIHDIA PARTY Wit A PEW HUNDRED dollars to join me in the purchase of @ bixh toned and very profitable business. Those moaning Linas ouly reply and appoint interview. Addvess NOBLE, M2 Herald ottive. i sic HAT OFFERS t-I AM OPBN FOR AN ENGAGE- ment requiring business taient and experienc it must be vome drst business worthy of a strong eflort, and remunerative at tin proportion to the Success attained: Will conduct a branch in otuier Large city it required; can urity and undoubted ref Srenees, Uadiress YOUNG BUSINESS MAN, Horald Up- town Branch office. D—A SMART BU Fy a Were SINESS MAN, WITH $1,000 1,50) cash : portunity to Beaorne ® part. ner in miauuiactiring Dusmess established 4 years: cnormous proite, Address 4. B. 0., box aid Herald 30 —PARTNER WANTED, TO ASSIST IN TAK. sing charge of @ corner liquor store down town he can realize ‘Apply to THOS, GAPENEY, Au Auction Shade ah =I @rAi) —! HAVE $500 TO INVEST IN SOME E: 500. tablished paying business. Cail in person §5 Boeram Place, near Atiantic street, Brookiya, trom 7 8500 a tree foe: —_ ee <A RELIABLE MAN WITH THia AMOUNT seoGth have a permanent responsible posi ton, OF an interest in an established manutacturing business. Address J. Ox I al se, 500 WILL SECURE A PARTNERSHIP IN A monopoly; only one such grand opportunity in a life tim '§ $10.00 yearly proits, all for THOMAS, at f Twenty-fourth srect, HAS BEEN MADE WITHIN THE LAST $1 4. 000 12 months in a legitimate Fel cena | Wanied, a party with capital ta extond the bi cd Rot as treasurer Apply to W. HOSKEN ROGERS, 8) Reade street. $30.000.-Ax%. & TLEMAN » above amount for in offered sterling trade mvestun business; being incorporated ai positively no partnership risk: Vina THE i) Rocessary, as the officers of te company (heniselves | largely tit:restod) xuccessfully conduct business. This is @bonwilde opportunity for & capitalist to invest, with very high returns for capital, and to associate hime With gentlemen, of the very highest rovute im tts city. Address J. M., Dox 9838 New York Post oilice, + WALL STREET NOTES, THR BOAT RACE ON THE STREET—A SMALL FAILURE—OUR NEW FIVES AND THB LAW UNDER WHICH SECRETAKY BRISTOW I8 NOW ACTING-—SENATOR SHERMAN’S OPINION-~A NEW CITY LOAN OF PROVIDENCE, BR L— “HAZING” ON THE STOCK WXCHANGE. Yosterday was an exceedingly dull day on the street, In the ordinary acceptation of thas term, the generai current of interess being seemingly diverted from the Stock Exchang> to the contest between the several university boat crews end the other racing events at Saratoga. This was apparent in the quickly gathering and separating crowds in front of the bulletins, wad ta the ready sale foumd for the 7elegram and otner after- noon journals. There was some disappointment felt that Columbia, who, of course, was tie favorite under the shadow of tts owa vine and figtree, as 1% might be sald; but there was also | philosophy enous to rejoice at Corneli’s victory, which still leavés the honors with the Hmpire State, whe Columbia’s second ehowed that it was not depending upon a single crew for the palm of victory, Sausfaction, too, was found in this Mistripation of the champlonship, as 1, would hetp to porpetaate the true spirit of honorable ‘Tivairy, Where the chances may be fairly con- acred, at the outset of preparation, even. und | it } | tard is to i} | | anit, | morning journal and himseli a modei of courte | themselves, 9 ee only the best mon wfa, upon which rests the only hope of continuing thes@ymanly pastimes, of whick Saratoga is (his week the aveue. A SLignr kIPPLe OF EXCITEMENT manifested itself on the Stock Exchange in the failure of Messrs, Smith & Seaver, who were long of Union Pacific and Atiantie and Pacific Tele: Graph stocks. The stock sold out om their ac count caused @ sharp deciine in each of these: they were marked in Atlantic and Pacific from the circumstance that, under the most favorable circumstances, its present situation in relation to the Direct Cable does not admit of any prea Sure to sell. This stock wentom {rot 22) to 18 Union Pacific from 13% to. 12%. The failure o# Suspension, which it wil most likely prove, Was wenerally rewarded as unimportant, The 8 UR NEW PIVES. ¢ Secretary of the ‘Yreasury yesterday tssued An additional call for $10,000,000 five-twenty six per cent coupon bonds, interest to cease Octover 14, in response to @ notifeation from the Reths child-Seligman syndicate, who have certaiuly shown marked Success im their efforts at the now tive per cents. ‘Teiegram advices from Washington, received on the street, sta te thas Senator Sherman, who iramea tne’ Specie Re: sumption act, indorses the interpretation of Sec- retary Bristow and his action thereon in regard to lls authority to issue additional five per cents to carry Out tts provisions. As this concurrené reading of the Secretary and Senator Sherman means that the former has authority to issue ive per cents In excess Of the $609,000,000 authorized by thé act of 1870, Known as the Funding act, and a clear understanding of the grounda upon whiea such claim is based Can only be obtained irom @ perusal of tne act of January 1d, 1874, know as THY SPECIE RESUMPTION ACT, the text of tial act is bere reproduced:— Be it enacted by the Senate and House of Represen- tatives of the United states of America tn Congress ase semblea, That the Secretary of the Treasury 18. bereby authorized and required, as rapidly as practicable, to cause to be coed at the mints of the United states silver coins of the denominations of ten. twenty-five, and Afty cents, of standard vaiue, and to issue redemption of an equal number and amount ot tractio currency ot similar denominations, or, at lis diveretion, he may issue such silver coins through the mints, the blic depositaries, and i, wou such issue, he Sub-Treasurers, p the United states authoriaed and required to redeem au equal amount of such fractional currency, until the whole amouat of such fracwonal currency outstanding shall be re~ veined. ‘Ske. 2.—That so much of section 3,5% of the Revise Statutes of the United States as provides for a charge one-Jfth of une per centau tor converting standard gold bullion into coin is hereby repeated, and hereafter ne Crea stat be made for that service that section 3,177 of the Revised the United states, it iting the aggregate 1 culating notes of Rational banking associatton is nereby repealed; and cach existing banking associa- tion may increase its circuladng notes in accordance With existing law, and new ie 8 organized iv accordance with existing law spect to said aggregate limit; for the Withdrawal and redistribution of naiional bi currency fin eng the several States and Terriiori hereby repeste And whenever, aod so often, as cit- CULAULE Holes ‘shalt be issued to any such bankin hereby may without re- and the provisions of law ciation, so increasing its capital or circulating 1 89 nowly organized as aforesaid, i shall be ino fine Secretary of the ‘Treasury to reucem, al tender United States notes in excess onl} ol 000, to the amount of eighty per’ cent um of national bank notes "so Issued tw any. sucht banking Association aforesa a to Continue such redemption as such circuiatin are tasued until there shall be oustanding the $30),0),00) of such legal tender t jalted States pote: ho more. And on and ist day of January. anno Douia) is79, the Secretary of the Treasury shall tedvein, ineoin, the United ‘Staten Yegal tenier “notes then out standing of their presentation for redemption st the oilice of the Assistant asutcr of ie Unite tates, in the cit S Pid York, not Tess tan to enable tury of the ‘ireasary cy prepare and provide for the redemption im tis act authorized or required he dy authorized to use any surplus revénues from time to time in the Treasury bot otllerwise appropriated, and te issue, sel and dispose of, at Rot less than par. in coil, either of the descriptions of bonds of the United States Geseribed in the act of Congress approved July 14, 1870, eptiuied, “an to auiuorize the reiunding oi the fational gebt, with like qualities, priviveges: and exe emptions, Yo the extent uecessary t0 Carry tis wot inte full oiect, and to use the proceeds thereof for the pury poses aforesnid. Aud all, provisions of Jaw inconsistent With the provisions ot this act are hereoy repealed, Approved January 1M, Tho authority claimed by the Secretary ts co! tained in the Ciosing part of the last section of ti above act, where he authorized to Issue either Of the descriptiona of bonds descrived im t Punding act for the purpose of carrying out tl provisions contained in the former sections— nawely, the substitution of stiver coin for trace tional currency and the redemption of greenbacks in coin on January 1, 1879. In view of the large amount of new fives already piaced tn exchange for 8iX per Genis—yesierday’s call of the arr being the twenty-second—it wili be seen that t Secretary wil have occasion to use powe| onferred upon him by the act of of 1874 Suouid he determing to Market Only five per cents in carrying out 1% provisions or be unable to Diace the lower denomipations out secresy in the negotiations connected therewith ts peituer ree quired by tbe jaw, nor woulda if, judging Irom well oun n precedent’at the time Of 1s passage, seoun contemplated, although certainly not ims hibitea. The exceilent Judgment of the Secretar, Can, itis believed, be relied on to excruse dut Giscretion in tuis matter, A NEW CITY LOAN. A five ene cent goid joan for tue city of Provik deuce, Re 1., for the cOnatruction of sewers, was yestergay awarded to Messra. Morton, Bliss & Coe ft 100 26-100 per $100, THE N&W JERSEY MIDLAND RAILROAD. A mooting of the Orat mortgage bonduolders oy the New Jersey Midland Railroai held yester- day afternoon, at No. 153 Broaaway. Smith Kiy, Jr. acing as chairman, About Ofty of the bond. holders Were present, Since March tast the road has been im the hands of two receivers, Messrs, Hobart and McCuliongh. The object yestere Gay's meeting Was to hear from the receivers account 0: tie financial condition of the road an to take preliminary measures for securing a reore ganization of the generat management. Tae re ers Bhaved that im March last the dig ments wer 3! receipts, ae deficit’ for month, to April th disbursements wero $51,000; recetpta, $31,0005 disbursements for equipments, eS $9,900; denclt, $0,000, im May the disvursements Were $09,000; Teecipts, $26,000; deficit for mont, $4,000. In Juve the disbursetenis were $45,000 vot Tecclpt®, $28,000; Geficit lor wWonth, $16,500, tota: catulugs for the year, As closed by ile cot pany, Were $060,888 0% and the total expenses 445,122 51 total Habilities of the one now Were $3,510,068, and the sotal assets, Watkins, secretary of the road, ainied, that had been unable to and over some of the boul to the receivers, as tooy Were in the hands of the Sheriff by altacumeut, Wortendyke, the ex- President, explained that the interest on the bonds had been pald treas- urer had funds fue reason why luterest nad on second thortgage bonds interest on the firsi mortgage bonds was par arose irom the circumstance that the (ormer waa due ( July aad the ia@iier tu August, and the @x+ ecutive Officers And believed they would be abled to Meet both payments. Considerable ait as to the means to ve employed it agreed that the chairman at au early was inatly day should appoint a committee of seven to draw Up @ pian ior reorganization, to be submitted to general meeting of bondholders at a future time, and that then a definite line of action snouid be Adopted. WHAT THEY CALL PUN ON THE STOOK EXCHANGR It may be quéstioned whether, M the dustin guished “anther of the Declaration of Independ ence, Wheu ne peRned that iamous document and wied in it a8 aNONg the inalienable riglite of mi “the pursuit of bappiness,” could have peer into the future ad seen te vations forms which that “pursuit” op tue part of onc mau or seo! men might become tyrannous to otuers, m would have permitted It to remain, A striking mentary Upon is slortsightedess im luis ree be found im the couduer of ceriula members of the Steck Exchange yesterday, Who, exercising the right asserted jor them by Mr. Jefferson in the way mos con- genial to their natures, insuitcd a visitor to the Hxchange, introduced there oy one of their own number, and by such introduction entived te the respectful courtesy of aii 1s members, Nob satished With imaultiug the genUemanin ques tion, @ Weli-knowa citizen, of somewhat ad- vanced yours, the represeatative of a leading they physioally Maltreated lim, lus: about, aud, it is satd, Kicking Run at him ‘in the (ace, Only ceasing t strikin, Fumanty behaviour when he had gained ive street and Was once more under municipal protection. The “boys” think this fun, and justifed it by charging thie gertieman with being in the employ o: Jay Gould. Ib might be lateresting to lo- bm bow Liany of these Censorious brokers Would decline au order from Jay Gouid to-day to buy of acli stoc)s with tts prospective comnuussion, oF te what degree of abasement they would submit ta obtam such Order. 1b is gratilylug to know that the paruias who distinguished themselves le the mann eribed aré by ho Means reprosenta- tive mew, nor can they be aaid to be iu & Majority ja the Exelange. The members who discounten. ange such & proces as well aa tho oficers of the Exchange, owe to vhe tusulted aud outraged repre- sontarive of the press and the great ouiside puulte Who Ore it# Constituency, to make honorable to the gentleman so insult a, as publicly and as unmistakably a8 Were the demonstrations which so ill became & pablio bodys. The only auction business transacted yestordap ay the Nachange Salestoom was as tollows:—Mr. S A. Stoole sold, by order of the Supreme Court,’ ia foreciosure, under the direction of F. R, Com, _dert, referce, & house, with lot, on Bass Fifty-thire street, west of Second avenue, and Mr, Mugn N, Camp, by @ similar order, ander the direction of F, L. Stetson, referee, unimproved property lo cated on Forrest avente, at Yonkers. NEW YORK PROFRIT SRY 0. 4. STEBLE, Listory th. drach, staule. rear), mith lot om 7. rk dat, 45 10, ¥. AAAY., Hot B5K1004; Jacos, enon Ehrich, planus. WHSTCHYSTER COUN PRO?" itera