The New York Herald Newspaper, October 7, 1875, Page 8

FINANCIAL AND COMMERCIAL. ————— The Stock Market Lrregular—The Raid on Mis- souri Pacific and Its Alleged Cause, RAG MONEY WORTH 5 57 Gold Opened at 117, Closed at //UG 7-3—Money Slightly Hardenir e—Call Loans 4 Pe cent, Oe GOOD SHeORITIES. GENERALLY FIRM. Wat Srreer, Wanwnsnat, Oc. 6-0 F i} Oonsiderable comment was mace to-day upon the letter of Wendell Phillips to the United States Legal ‘Tender Club of this city, published in the morning pa- pers. Fortunately for the well-being of the country, this new political economist has as yet but a small fol- Sowing, and proportionately less in Wall street, where men are engaged 1 practically solving the real prob- lems of finance, than elsewhere, No one better than this distinguished erator understands the art of soph- istry, or can so well bide fucts behind a wall of specious arguments; yet, like others of his tlk, Mr. Phillips, in his eagerness to catch the popularcar and so maim tain his reputation as a radical, loses sight of certain questions that must be satistactorily unswered before the popular mind will be convinced. First—Lf Congress under pressure should beso mad as to authorize the issne of further currency, how will it obtain circulation? How, ip the absence of war or other stirring events that give employment to money, can the government send it forth? If the Secretary of the ‘Treasury were a representative merchant or factor, he might buy our cotton and wheat crops, turpentine and naval stores, set mills at work and miners to delve once more in the wealth of the earth, aud ‘¢o find ase for millions upon millions, but such a condition is an im- possibility, How, thea, are more greenbacks to be is- sued? i Second—-If by any means now unsuggested, $50,000,- 000 or $100,000,000 more were thrown upon the mar- kets of the country to take their natural course, what channels of trade would they enter? What enterprises would they stimulate? How would they reach the pockets of the poor man? Every schoolboy now knows that the existing depression is the result of over-pro- duction, Before we improve we must consume what is already on hand, and produce a vacuum that CAPITAL WILL NATURALLY RUSH OV to fill. We have manufactured more than the country can absorb, We have been exporting government and wildcat railroad bonds instead of those articles that Dring to us a profitable return from foreign markets, and importing meanwhile luxuries that have only served to feed and pall upon the appetite. What are the banks of the whole country doing with currency to-day? Nothing. 11 is either idly locked up in vaults or trying to find temporary use at two and three per cent among the call loans of Wall street speculators. Then to what other use can a further supply be put? Third—Is not inflation simply another name for de- preciation? What is the amount already outstanding ‘worth exceptas measured by the value of gold? Why 4s the rag money of the country quoted to- day at 85.57 cents to the dollar, except for the reason that it is pot the measure of anything in Christendom but & promise to pay, which men ‘like Wendell Phillips would teach the people ought never to be fulfilled ? Confined to our own shores the greenback and its twin— the national bank note—subserve a certain purpose; but is it not a disgrace to a nation of 40,000,000 of people that, with all its boasted resources its money of circulation is good only within its own borders, and even there is worth less by fifteen cents on the dollar than the circulating medium of any other respected nation in the world, Finally, every capitalist, merchant and working man fs interested in this question. To the latter especially it is one of absorbing interest, since upon the return of a sound and healthy currency depends his welfare, the cheapness of his food and clothing, the rent he pays and the safety of his savings A dollar that possesses an intrinsic value—that is always a yardstick or a bushel in its measuring power—is what our people want, and by the grace of God aud a good government we intend ) to have it, STREET RUMORS. It is gratifying to record to-day the exceptional ab- 4 % sence of canards, especially such as are calculated to affect the credit of well known firms. The disposition has of late been too often exhibited by reckless opera- tors to utter what they know to be falsehoods, and by mysterious hints and whispers to keep the same in cir- culation, to the end that the market shall be made fe- verish, stocks be affected and investors on the long side frightened. The Law Committee of the Stock Exchange have time and again sought to secure and punish theso offenders, but there is apparently no power, save that moral influence which respectable brokers can exert, to prevent the evil. It isthe province of the press to de- scribe whatever situation may exist, and when real financial disasters occur the public will be promptly notified. It is therefore not more idle than rusnous to Jend a willing ear to the stories that are sent flying hap- hazard through the city until they have been verified | dy careful investigation and publicly announced, THE STOCK MARKET to-day was subject to no unusual influences, and the @uctuations were not of a character that requires com- ment in detail, The weakest security ou the active list was Missouri Pacific, which, after opening at 26, de- clined to 2334, then recovered to 25 and closed at 24. The condition of the company will be more fully de- scribed below, together with the supposed cause of the aid that has recently been made upon the stock. Lake Shore was active and sustained by the liberal purchoa:s that have been made during tho past two or three days, It is understood that a considerable short inter- est has been covered in this stock, and it is also alleged that a venerable railway magnet has Leen a large buyer. The September earnings of the Lake Shore, compared | with those of the same month last year, are said to show a loss of over $300,000. The opening price was B44; the highest, $43; the lowest, 5354, and the close, | 64%. Western Union was comparatively steady at 76)¢ 216% a 76% a 76%. Pacific Mail at the opening sold at 8614 a 3614, but subsequently yielded to 35%, and ended sympathetically stronger with the rest of the market at 36, Erie was dull at 17% a17a17'%. Union Pacific did not improve, and, after sales at 624% a 63, closed at 61%. Northwestern common opened at 39, fell off to 38% and closed at 383. The preferred stock was quiet at 52%. St Paul common sold at 344 a 33% and closed at 34. The pre- ferred ended at 627%, after sales at 63, Ohio and Mis- ‘iseippi was steady at 16%; 2 16% 016%. Atlantic and Pacific preferred receded from 734 to 634. The direct- ors of this company meet to-morrow, Atlantic and Pacific Telegraph sold at 173g 218, Hannibal and St. Joveph, after sales at 18%, sold at 18 and closed at 17%, bid, Michigan Central was quiet at 57. Delaware and Lackawanna stock, which sympathized partially yes- terday in the weakness of Central New Jersey, is again firm, and selling at 115%; a 118 a 118%. New Jersey Central opened at 104, advanced to 10444, declined to 10334, and closed at 104%. New York Central was Steady at about 102 Rock Island ended at 1083. Wabash sold at 6.06:4. A despateh trom Detroit states that the annual meeting to-day was harmoniously or- ganized, Governor Cox being lected Chairman, Messrs. Ashley & Corry appeared as a committee in be- Balf of the recent stockholders’ meeting in this city, The former gentleman offered a resolution requesting the directors to grant delay until further con- paltation could be had between the stock and bondholders, This was passed without opposition. The election is progressing. It is under, | stood that s compromise ticket will be elected to fil) | the places of one-third of the Board which will become | vacant, The ticket will consist of Messrs. Ellis and Isham. Those going out are Messrs, Humphrey and Ashiey, of New York, and Mr. Curtis, of Toledo. ‘THE SALES TO-DAY. ‘The transactions at the Stock Exchange to-day ag- gogated 126,000 shares, which were distributed among active stocks as follows:—New York Central and Hud- son, 930; Erie, 2,460; Lake Shore, 42,900; North. wostern, 10,200; do. preferred, 300; Rock Island, 600; Pacific Mail, 18,150; St. Paul, 9,160; do, preferred, 1.060; Obiog, 1.800; Western Pniou, 3.920; Wabash 1,800; Union Paci Atlantic and Par cific Telegrap’ “ low: | 96 a 9634; cables, —___— 4, 10,625; Missouri Pacific, 13,480; ate preferred, 1,400; Atlantic and Pa- or 40. 45(NG, HIGHEST AND LOWEST PRICES. altowing table shows the opening, highest and at prices of the day :— The f Openin Highest, Lowest. - im 2 a 10: a. aK + Bag Northwestern, - 3 Northwestern preferred. . 52% Rock Island + 10599 Pittsburg... . : Milwaukee and St Paul Mil. and St, Paul pref. Ohio and Mississippi. New Jersey Central. . Del., Lack. and Weste Union Pacific. €., © andl. G Western Union Atlantic and Pacifle Tel Pacific Mail Panama... ADVANCE AND DRCLINE, ‘The change in closing prices since yesterday is as follows :— Apvancy.—Atlantic and Pacific Telegraph, %; Lake Shore, ; PaciticMuil, 4; Wabash, Decuine. ney Ss Pacific ‘preferred, de; New York Central, Delaware and Lackawanna, 34; Hannibai and’ St. i Joseph, 4; Northwestern common, %; do, a vs ; Ohio and Mississippi, %; Rock Island, 4; St Paw sgommon, 4 Union Fala, oa Westera inion, 4; Missouri Pacitic, 3%; gold, The stationary stocks were C.. Cand LC, Michigan Central, Krie, Harlem, Quicksilver and St Paul pre- ferred. conn PRICES —S?. 26 a0 Pacific Mail. Wes Un tel. Atl& Pac Tel. uicksilver fuicksilver Adams bx, Aimeriean Ex.. Us Bapress. fargoEx THX MISSOURI PACIPIC RAILROAD. Public attention hus recently been so much excited by the sharp decline in thesprice of the stock of this company from 50 a few weeks ago to 2334 to-day, that we present several facts which at this juncture will be read with interest, premising the same with the re- mark that they are taken from the annual report pub- lished for the fiscal year ending December 31, 1874. A special despatch toa morning paper dated St. Louis, October 5, states, among other things, that “the net earnings of the road and its leased lines for the year ending 1871 were $170,504 96, and for the year follow" ing $16,367 30.” Referring to the report we find the Net Earnings. «$945,389 39 946,801 47 328,707, 1 3,713,452 98 1874. From the foregoing it will be seen that the figures of the despatch are false. Furthermore, we learn from officials of the road that they have no doubt the inter~ est will be paid on the 20th inst, the line having earned more than sufficient for the purpose, and that par- ties are willing to pay fifty cents om the dollar for ail coupons presented before that time. The condition of the line is represented to be first rate, It was leased to the Atlantic and Pacific in 1872, to- gether with its own leased lines, for the period of 990 years, and within the past three years has been put in first class ordes, Itextends from St. Lows to Kansas City, and is 283 miles, besides its branch lines, amount- Ing to 144 miles “The Atlantic and Pacific Railroad Company have promptly met the demands upon its treasury for the permanent improvement and floating Miabilities of the Missouri Pacific line, These demands have aggregated more than $5,000,000, and the balance | Properly chargeable against the latter corporation under the terms of the lease on December 31, 1874, was $1,371,738 97; in recognition of which balance the Mis- souri Pacitic Company issued and delivered to this com pany its improvement bonds for $2,000,000, The Mis, souri Pacific shareholders received from this company $872,800 in dividends during the two and a half years ending December 31, 1874.” The Atlantic and Pacitic have recently issued $4,000,000 of Missouri Pacific mortgage bonds for the purpose of taking up $1,500,000 of incomes, and the balance is to be used to pay the debt of the Missouri Pacific to the Atlantic and Pacific. There are said to be enough as- sets to pay the debt nearly twice over, and, in the lan- guage of adirector, “Never was there a time when wo were in a better financial condition than at present.” The floating debt of Atlantic and Pacific at the date of the report from which we quote was $1,244,315 36. It will be seen that this indebtedness will be more than liquidated by the sum due from the Missouri Paciiic | Company for moneys expended in its permanent im- provement. It may be added that THR CAPITAL STOCK of Missouri Pacific is only about 68,000 shares, a large proportion of which is held by permanent investors, who are not easily frightened by a Wall street raid, and some of whotn are increasing their holdings at the pres- ent low figures. In accosdance with the lease executed in June, 1872, to Pacific Road, the stockholders are to receive $830,120 for the years 1873 and 1874, and $406,944 for tho years 1875 and 1876. The earnings of Missouri Pacific during the present year are frankly admitted not to be as great as those of 1874, owing to the destruction-by grasshoppers and the drought that followed, but nevertheless they are regarded as ample for all purposes. During the last two months the traffic has increased. The cause of the decline in the price of the stock is believed to have been discovered. It appears that some gentlemen at the Union League Club discovered an Ordinance passed in Missouri in 1865 imposing a State tax on the road of fifteen per cent of its net earnings. The law being shown toa number of stockholders a scare followed, during which a sufficient number threw overboard enough shares to alarm the street and set its tinder ablaze, The conse- quence js known. The truth of the matter is that, while such an ordinance did exist, it was annulled after considerable litigation by the Supreme Court of the United States, which confirmed the right of the com- pany to hold the road free and clear from all obliga. tions to the State. THH MONEY MARKET. From the fact that money to-day on call loans was in Fequest at 4 per cent it is to be inferred that the inte. rior cities are finding larger use for currency in the movement of crops, and other healthy commercial changes, If it be true that trade is improving no ba- rometer is surer in its indication than this of currency, and Wall street will be prompt to participate in the cheerful feeling. At the close, however, the ruling rates were 234 and 3 per cent, Foreign exchange closed quiet. Sterling asking rates, 4.80 a 4.84; selling, 4.7845 a 479 and 4.8234 04.8334; Reichmarks, 937% a 943¢ and 96%; prime Paris, 6.20% a 5.19%; other rates, 6.2214 and 5.20, THE GOLD MARKET. Gold opened at 117 and closed at 116%, with sales in the interim at 1 The rates paid for borrowing ‘were 1-64 and 1-32 per diem and 7, 6 and 3 per cent per annum. Loans were also made flat, Rag money at the closing price was worth 85.57. OPERATIONS OF THE GOLD EXCHANGE BANK. Gold balances. . $982,692 Currency balances, 1,658,947 Gross clearance: CLRARING HOUSE STATEMENT. Currency exchanges. Currency balances. Gold exchanges. Gold balances ‘There is a probabilty, now that the Bank of Califor- nia has resumed business and affairs in San Francisco are much improved, that gold will flow this way. To- day $175,000 specie left San Francisco overland for New | York. ‘THE CLEARING MOUSE, At the annual meeting of the Clearing House Associa? tion the following officers were elected for the ensuing year:— 7 Chairman—George 8. Coe, Secretary—George F. Baker, Manager—William A. Camp. Clearing House Committee—Charles P. Leverich, John L. Everett, Charles F, Hunter, Benjamin B, Sher- man, William L. Jenkins, Conference Committee—Richard Berry, John Cas- tree, Jacob D. Veriniiye, Henry F. Vail, Frederick D. Tappen. Nominating Committee—William H. Com, Alexander Gilbert, Thomas Monahan, Francis M. Harris, William P. Brintoalt Committee on Admissions—John Parker, R. P. Per- Tin, William Doud, George Montague, Charies Jenkins, Arbitration Committee—N. F. Palmer, A, N. Trow- bridge, J. M. Morcapn, 2, M, Bryson, 8 BR Comstock, the Atlantic and | NEW YORK HERALD, THURSDAY, OCTOBER 7, 1875.—-TRIPLE SHEET. The annual report of the Clearing House Association sshows that the transactions for the past year amoupted to $26,469, 846,678, making the enormous total of trans> actions since the establishment of the institudon twenty-two years ago, $438,200,431,519, THE UNITED STATES TREASURY. ‘The customs receipts to-day were $515,180, and the in- ternal revenue receipts $264,521. Bank notes received at Washington to-day, $830,000. The Assistant Treas- urer paid out to-day $10,000 gold on account of imterest and $46,000 in redemption of fve-twenty bonds. The balances in the United States Treasury at the close of business to-day were:—Currency, $5,110,436 08; special deposits of legal tenders for the redemption of certif- cates of deposit, $61,035,000; coin, $68,941,569 86, including $1: 100 in coi certificates; outstanding legal tenders, $373, 41,124. GOVERNMENT BONDS, bonds closed firm at the following currency sixes, 124}g & Government quotations:—United States 125; do, do., 1881, registered, 121% a 12134; do. do., do., coupon, 123% a 123%; do, five-twenties, 1862, registered, 115%; do. do., coupon, 119; do, do,, 1864, registered, ex interest, 115116; do, do., d coupon, 1193 a 119% ; do. do., 1865, registered, 116% a 116%; do. do., do., coupon, 119% a 120; do, do., do., new, registered, 11934 a 119%; do., do., do., do., coupon, 1193 a 1193; ; do. do., 1867, registered, 120% a 120% ; do. do., do., coupon, 120% a 121; do. do., 1868, registered, 1214 a 121}; do. do., ao., coupon, 121% a 1214; do, ten-forties, registered, 11634 a 116% ; do. do, coupon, 117) a 117%; do, fives, 1881, registered, 118 a sx. ‘THE FOREIGN MARKET. The cable reports that the Bank of England lost £259,000 bullion to-day; there wasa gain of £120,000 yesterday. There is no disturbance yet in the rate of interest, which is 2 per cent, Money at the Stock Ex- change continues easy, the rate on government securi- ties being14¢ per cent. Consols and United States bonds are frm, ‘The following are theS P. M. quota- tions:—Consols for money, 94a 9434; consols for ac- count, 944 a 944; °65 bonds, old, 1064; 67 bonds, 1073; ten-forty bonds, 10444; new fives, 10424; Erle, 164 41544; Erie preferred, 3134 a 82 Rentes in Paris, 65f, 60c, Exchange on London, 25f. 20c, for short sight, RAILROAD BONDS. In railroad bonds a fair business was done, resulting in an advance of 1 per cent in Great Western firsts of 1888, and Louisville and Nashville consolidated, 1893; 4g in Cleveland and Pittsburg fourths, and 3 in North Missouri firsts and New Jersey firsts, convertibles, and Chicago, Burlington and Quincy sevens, and a decline of % in Central Pacifics (San Joaquin branch); % in Union Pacific Sinking funds; 34 in Northwest gold sevens, % in Rock Island sevens and Union Pacific firsts, and 3 in New Jersey Central firsts, new, and Ohio and Mississippi seconds. Railroad bonds were firm in the late dealings. Union Pacific Sinking funds advanced from 89 to 894, land grants from 98} 99 and Western Pacifics from 95 to 954. STATE BONDS. State bonds were quict, Tennessee olds declined to 52. Missouri sixes sold at 10134 a 101% for the issues of 1875, 1877 and 1878, and at 101 for Hannibal and St Joseph, issuo of 1875. ‘The bid for the District of Columbia 3-65 per cent has advanced from 61 to 65 per cent, and the bonds are not offered under 67 per cent, BANK SHARES. Bank shares sold at 135 for Chatham, 122 for Mer- chants’ and 100 for Central National. The latest bids are annexed:—America, 155; American Exchange, 11) Central National, 99% ; Chatham, 135; Chemical, 1,650; City, 300; Commerce, 12134; Corn Exchange, 135; First National, 200; Fourth National, 95%; Gold Exchange, 120; Irving, 152; Mercantile, 109; Merchants’, 122; Merchants’ Exchange, 103; New York, 131}4; New York National Exchange, 102; North America, 100%; Phantx, 9834; St. Nicholas, 105, PHILADELPHIA STOCKS, The following are the Philadelphia stock quotations ‘at three o’clock this day : Bid. Asked. City sixes, old +105 107 City six 108% Cainden and Amboy R R.. Cs Pennsylvania.......... 508% *Philadelphia and Reading 56% Lehigh Valley.. 61% Catawissa Railroad, preferred. . 4546 Philadelphia and Erie Railroad 2035 Northern Central. =_ Lehigh Navigation. 503% Lehigh Navigation g *Ex quarterly dividend 2 py CALIFORNIA MINING STOCKS ‘The quotations by telegraph of the leading shares sold at the San Francisco Stock Exchange to-day, as com- pared with yesterday’s prices, are as follows, It will | be observed that the market is heavy and generally | | NEW YORK STOCK EXCHANGE SALES lower:— Ont 6 Changes. Alphi Dec. 2 Belcher. 10 Dec. Best & Beichet 45 Dee. 3 Caledon 4 Dec, 2 California 56 Adv. 7 Chollar Potosi 66 Dee. 2 Consolidated Virgiuia.. 238 Dec. 14 Crown Point . 21 Dee. 2 Eureka Consolidated... 100 pos Gould & Curry......6 18 17 Dee, 1 Hale & Norcross... ~ 43 38 Dec. 5 Imperial i 9 Dec..2 Kentuck 13 12 Dec, 1 Meadow ae” Wei se | Dec. 1 Mexican... 21 2L = Ophir........ +. OF 56 Dec. 9 Overman. ah 37 Dee. 4 Rayinond & Ely + 30 26 Dec. 4 Savage... - 84 80 Dec. 4 Sierra Nevada 10 10 = Union Consolidated 9 Yellow Jacket........4. 66 a Dec. The Board of Trustees of the Bank of California organized this morning. Officers were elected as fol- lows:—President, D. 0. Mills; Vice President, William Alvord; Cashier, Thomas Brown; Secretary, Stephen Frankhn; Assistant Secretary, W. W. Wiggin dvisory Committee, Thomas Bell, William Sharon and James R. Keene. SECURITIES AT AUCTION. ‘The following securities were sold to-day at auction:— $2,000 State of Louisiana, 6 per cent old bonds, 37 $2,000 State of Louisiana, 6 per cent old bonds, 37 $2,000 State of Louisiana, 6 per cent old bonds, 36! $9,000 State of Louisiana, 6 per cent old bonds, 365% $7,000 State of Louisiana, 6 per cent old bonds, 87; |. $4,500 State of Georgia, 6 per cent bonds, 9434; $6,500 State of Georgia, 7 per cent bonds, 100%; $7,000 State of Georgia, 7 per cent bonds, 98%; $2,000 State of Georgia, 8 per cent bonds, 102; $2,000 State of Missouri, 6 per cent bonds, 101};; $3,000 State of Missouri, 6 per cent bonds, 101%; $17,000 State of Mis- sour, 6 per cent long bonds, 1023; $9,000 State of North Carolina, 6 per cent old 4; $7,000 State of North Carolina six per cent old bonds, 18; $10,000 State of North Carolina six per cent bonds, 834; $6,000 State of North Carolina six per cent bonds, 1034; $9,000 State of North Carolina old six per cent bonds, $2; $4,000 State of North Caro. lina old six per cent bonds, 20; 135 shares Bank of Mo- bile, 2234 ; 250 shares Southern Bank of Alabama, 56; 75 shares Hope Fire Insurance Company, 9034; 40 shares Rockland County Bank, 125; 40 shares National Park Bank, 140 a 140%; $2,000 Hannibal and St. Joe seph Railroad Company land grant seven per cent bonds, 106%; $2,000 Pittsburg, Fort Wayne and Chicago Railroad Company third mortgage feven per cent registered bonds, 100; $1,000 State of Missouri six per cent bonds, 1013/; 10 shares Manhattan Life Insurance Company, 585; 50 shares Citizens’ Insurance Company, 1804; $600 Citi- zens’ Insurance Company, reserve fund, 80; 20 | ghares Warren Railroad Company, 1003; 70 shares Jersey City Insurance Company, 1413¢; $1,000 South Ferry Railroad Company first mortgage bonds, 6834; 25 shares National Bank of the State of New York, 11014; 60 shares National Butchers’ and Drovers’ Bank, 127), — Wepnespay, Oct, 6, 1874, BEFORE CALI—10 A. M, wait 62% 6s 7 174 100 ss Atl & PacTel.. 200 Went Un Fel... 03 100 100 shs Ue Pac RR. c 100 10. « 400 Mil & St P 800 Pittsbur; » 200 Ubio & 200 do ot 258 wo sy taken aN W iia ey 100, do. " 1300 3M 00 5 100 Tol & W 200 Union 300 do. 100 do. 10:15 AND 11:30 A. M. boing U js 6's, "Ble., 1281 bray oh 85. oa "es, Hp recat D0, 562.00, Hos ' 15000 U5 5-20, ¢,'65,n. 11944 20000 U8 10-40, r°..be 116) FIRST BOARD—10:30 A, M, $1000 Mo 6's, °75,..... 101 900 shs C & N W RRbe 38% ‘4000 Mo 6's,'77. Bt 800 do. 33 2000 Mo. on by, 1000 Mo6's H&sJi atin Tom old 2000 0, B& 2000 CRISP N'J Cen Ist, new 10000 NJ Gia conv. 1000, 4000 N J Cen isi, con oo CEN Wesed. 26000 "do. ‘9000 Det, M & Toi T 1000 © iy & Ash, new. 1000 Mich Cen 7's. &IM Pac ban.be Wet Ist, "88, ‘TH Is 000 do. 2000 West Pac bonds, 5000 M & 8 P 7's,gold 2000 Am Di& Imp bds Su shs West Un tel 85%, 100 353¢ 200 Mil & SUP RR 83 02° 00 di 837; 4 33 45) di B87, Joo mi ast PRR DE, by 100 “do... 62 losin keavile ° 100 Pac RR of Mo. 2434 200 24 Desi aa cee 600 Ohio & M1 FRIIS 100 Atl & Pac pt. 100 $1000US5-20,¢,'65n.be 11934 $1000 U 85's, '81,r..... SKCOND BOARD—1 P, $1000 Cen Pac 107% 700 shy LS &MSRR. 5434 3000 6 F ie 8 YL” S0C,C,C AL BR. Tu00 43 COMMERCIAL REPORT. COTTON ON THE SPOT S8TEADY—FUTURES STRONG—FLOUR STEADY—WHEAT DULL AND LOWER—CORN EASIER—OATS FIRMER— RYE DULL AND NOMINAL—BARLEY DULL—BAR- LEY MALT DULL—PORK MORE ACTIVE—LARD QUIET AND STEADY-—-PETROLEUM DULL AND LOWER—NAVAL STORES QUIET AND STEADY— HIDES STEADY—OILS QUIET AND STEADY— WHISKEY STEADY—FREIGHTS FIRM AND MOD- ERATELY ACTIVE—HEMP AND JUTE QUIET AND STEADY—GUNNIES DULL AND NOMINAL— COFFEE STEADY—SUGAR STEADY, Wepyespay, Oct, 6—6 P. M, Business was less active to-day than yesterday, yet in many commodities a fair movement was in progress, On ’Change flour was quiet. Wheat was dull and lower to sell, but very little was done. Corn was in good de- mand, but prices were rather lower. Oats were strong, Whiskey steady, Pork and lard were without decided change. Freights and charters were firmer. Cotton on the spot was steady. Futures were strong. Petro- troleum was dull and easier, Naval stores were quiet and strong, Hides steady. Hemp and jute quiet and steady, Gunnies were dull and nominal. Coffee steady. Sugar steady. Covves.—The market for Rio and Santos was quiet and steady. We note sale (late last evening) of 500 bags Rio, ex Ontario, at 21}¢. for good to prime. Mild coffees were quiet and steady. We quote:—Ordinary cargoes, 19346. xtreme range forlots, | Santos, fair to good, 2040. & 21340., gold, ninety days; Java, government bags, 26c, a 2%e.; do., grass mats, 27. © 296; Singapore, do, 224 a 246; Ceylon, 21c. = 226; Maracaibo, 203e. » 28¢.; Laguayra, 20}e. w 21}ge.; Jamaica, 183g¢ @ 200.; St. Domingo, 18¢, # 18}gc.; Porto Rico, 18}g¢. a 21e.; Costa Rica, 19. « 220.; Mexican, 20}¢0. a 21}¢c.; Manila, 21¢, «22; Angos- Ei 190, @ 21}¢c.; Savanilla, 20¢, a 226; Curacoa, 190. « —The market for cotton vigorous, with ard from exporters and Salt Geman From ins . mainly on the continued stren; “and thie lack of desirable supplies svailable for lanmme delivery. At noon quotations were marked up 1-1 ¥. M. a further gos 1-166, was mace with prices y Justifying this advane A I herther Habrovecest. 19340. @ 22%. After ‘Chany of at least 1,100 bales were, made, in addition to the jinesding, 500 bales for Sapo So carte aA 1 600 bales for inuing partly to arri t cotton Closed strong, Further sales for export would, have taken place but for the advance in freights to dgd- The continued upward tendency of the Liverpool market and accounts of Fife of the South frightened the shorts io sales showed an advance of m a very stron a 7-320, ov! Sp tant Malawi fe the market closed stron, 'e quote November 13¢. 9 18 Loe D Decem| unary, a March, 18 10. a 13i¢e i Apri, TY Ti -l6e. « ve.; May, 18 10-180. @ Ie: June, Wise, a L4d-I6e.: July, 14 6-160. ® MI ugnat, 14 7-106. Hy is jons are based | an American standard of classi oe cotton in | store running in quality not mote than half grade above or Delow the grade aucted:— Alabama. New Orleans, eras, ine i it ity ny 1 124 13\4 13g 138g 1333 Ne 18) 13. Good middling 137 137, Strict good drag 18 8 4g 4 Midaling fut 14g 14 Pais 155g 15 ‘ordinary, 10%e.;" strict woud, ordinary, 1g. ‘low middling, 1digert idling, ake The sales Last Evening, Total, ha 100 316 64 Bae ; Februa to two P 500 at 1Bige., 1,500 at 12%c.; 2,100 at 12 2 12 B1-8b0., 600" ae 12 15-166. 12 “1S16e,, 900" at 3 es aha ae wt 130.5 April Ke. 5 ‘une tote 19 15-106. Total, 'B2e, 400 wt 127%8., 200 at 12 "29'32% 9a 39 300 i ah aia. 18ers Decembe: 82» G00 at 13 160, 38, 11-825.) 100 lat, 18 5-160 1946. 1,500. at 9 18-826. 4 iyAptiy 400 at 13 19-320) 100 ut 13 May. (B74c.; Jane, 100 at 14e. Total, 22,400 bales, hoe “total 200 bales. The Teceipte af the ports were ag. follows :—CGalveston. 1,800; New Or Mobile, 816; Sa 177; Witmingten, 170), Norton 2538 York, 313; Bostor ‘This “da; Tast week, 11,866. This da: Total since September ‘1, 348,562 bales. oc. a Yee. were as tollowssT0 Havre, by steam, burg, by steam, compressed. To 10, om ressed. iverpool, by steam, sail, 5- Fioun axp Gratn.. Ace reve elear, 200 104 C The tout market nd was moder: Supertine Extra State. Choice State. Superfine Western.. Extra Western eet vite Ghio, shipping bi and hoop Ohio, shipping bran Hound boop Ohio, trade brands. ly, 4 hoice family... Rye flour, fine to superfin Southern, No. wat Was dull and Ugh, comprisin ‘30 for new re Bultiny yston, 735 Phitadetpine, i in fair demand nd steady. ‘only. about. 100,000 Vasheln at $I 10 winter, $1 37 for amber St. Loui Charleston, 3, 158? Rid mor Tota Taat yeas, 1078 Cotton freigh To Hi remen, by steai Bed. a 7-16d.; by 623 bb) 42,200 0.2 barley mained without decided les were 17,500 ‘steady. cers aeal as at 50a $4 for Pere Ree ee eee rr SSRAZSISSSSSSAKSIES ZcrereeePeeee a Sse os ec iL 15 for inferior spring, $1 26 for No. 2 Chicago, demand, but prices were rather easier. were 190,000 69, for steamer mixed, the. for tow: mixed, Tosze. a 71sce. were firm. Th $e for No. 2 Chleago eet? embers. for duli and entirely nominal. buyers and sellers were a at " four and six rowed St and peas.—The market for all ‘deser with # fair demand, Re full _quotath ae choice, $1 do... arrows, choice, 20'a $2 30; 1100 0 $2 pen, white kidney, ‘choice, $2 'a $2 $170 0 $10; green. vena, $1 60 a, do. ai oth, 13) Souripore. 14e.: Calcutta, “idee: ty sales Were 50,000 bushels, at 454<e. malt were dull, a O45 of malt, Etshels new Cuuada to arrive, ut 81 87, ‘cash, fair to 8.62 05; red kidney, prime, 3 2 a8 70; Southern black-ey: and a an; hops nominal. for high mixed: white, Rye "ota ons were nee do, 10... fair to We ; Borneo and Her AXD JUTE were quiet and without decided change. with.sales of 00 We, quote :—Ameri- double, a ute butts were in tairdemand and steady, bales gn terms not made pabilc, can,” dressed, tou, Fie id, i he ue fe i ig, Bold, DEE lb.s the latter for fine 5 47 id; Italian, « $2 Jute butis quoted Tency. Sisal be for np, Se. ol Hipxs—The market for prime grades was firm, with a fair demand at full prices. Common grades were iv fair demand ut full unchanged pltsornia, 700 dry uotations. on Boia jontevide: Ide.; Bogota, 18 t 346.5 ox, 60 to 80 Ibs.) Mec. a OMe; de., cow, Bige., currency, selecter ANSKKD was fuitly active and frm. The bags snd 1,000 packets, ex Graudee, ou pul MOLASSES was quiet and unchanged. centrifugal and mixed, 25¢ & We. do. do. ado, refining, 3c. a B5e. 40c.; Porto Rico, 37c.a New Orleans, 60c.'a 680. VAL STORRS. steady at 5c. 0 3534 do, at 353gc. and S0do. New Yorks at 6c. Sb lta ibe eile; gule. wetosied city augneen 0. do. grocery. 3 Dc Kugush Islands, 50; a Obe. he market for spints turpentine was c. ‘The sules were 120 bbls. at i5c., 25 ‘We uote sales of 800 dry Mexicans quote —Huenos ‘Texas and Sout! 45'to 50 lbs., Se. & sales were 10.500 terms not made Cu cs B5e. Io Roxin—Strained was qufet andy without i, better grades irly activ and firm. So bbIe. pale a 40 do. No. 1 and. p: $3 625g, 700 do, imade pumilo sud 1,000 ao" pale on private dull and nominal, rosin, strained, $1 7 Washington tar, 2 125 tar, $2 25; seus Pitch was quiet and We gsote Spirits turpentine, Wilwingto pitch, $2. Gus—Lisseod. wan quict_and without further change. Lard was dull and nominal. Cottonseed w: ‘aud firm. Olive was in moderate demund ices. Menhaden was dull and more The sales were crude 5) humpbac! ‘quote :—Cottonseed, crude, do., winter Be. ier do Batural do. 72c, a Te. Clive ensks. 81 15 al 18: do. cuten $4 20 a $d 50, Perrouecm—The market for retined was dull easier. Crude 8 Oe, for prompt and Wife. for bbls. at 10}ge, for prompt | irs ae for + eure r prompt and month; hindelpia gras quoted at 12 cargo lots, 12%4e. Baltimore was quoted at prompt and for month; cargo lots, 1259c. Puovisions.—Receipte—Pork, 409 pac cut meats, 1,898 do.; lard, 1,449 do. active, but without meni were Ptr) Ibe, pickled bellies at quiet and steady. r steam, at 13%. new Western, ut 1375 do., October, at 13, 13) 1 ; Western creamery, wliule at 0c: for export and home 6c. ; “40... Southerd,. 65e in bulk was quoted te teilers Jun city was quoted at 13e. were quiet and nominal, The sul 12 months,” at was fair and the marhot restricts, business. | We as in fair demand ‘at about previous or less nominal. Zrude, sperm aud whale were in, good demaud and strong, $1 50. , and 500 mont! month. and Retned, isc, ae Aapheha, ite. 17\e. t and Senne 12 c; 8 12340. for if, 24 do. ; The pork market was ded change in prices. Th $22 30 it $s Beet gc. Lard was fieress Western .. Common to to choice, 276. . 20¢. $"de. ; Western tubs. fair to choice, ‘ee. @ 20. ; Western rve and Michigan, fair to cheice, 17c. et was stondy, with « fair priors. ~ We quote Stare facto by skim, 4c. 0 7 8 206. ‘Cheeso— demand at about former common to fancy, 4c. 4 ries fancy, full cream, Se. fair to good, part skim, 2c. abe. skims,’ 26. ate. ‘Onis factory, comm o fancy, Se. a lle. Rice.—The market was a with jobbing sales of 30 casks Carolina at 8c.. Louisiana at 73gc. a Be. ©. We quote: Carolina, ‘Bge. 5 Louisiana, 6c. Lie Dad UGAR.—The market for raw was stents § bad font ot hil We note ‘of 784 boxes clayed at Be., Mexican at Sige. Refined was re. fc. 8 THC; lr 10 choles, Bige. 0 13, Bige. w Bixe.; d ‘orto ths n grocery, fair 103¢c.; off d, lle. a liie Ie rus *} 10% eee rig mg | 27 tierces. The m: ise. 8 16%e. for Weslern and 18i¢e. o 1 LLOW.—Receipts, 192 bbls. mark: salen were 45,000 Ibs. 1046 a SKEY.—Receipts, 288 bbls, with sales of 450 bbl 1 18, dy 1 jeilow, Ue. wc. ; extra U,'Bige, a 10c.; cut lout, jarket was quiet at ic. el was quiet, The arket was steady, FREIGHTS,—The berth market was firm and fairly In charters higher ® grain tonnage, whi ‘The engay pa x cheese ut 40n2 to 56,000 bushels grain at Gs. 6d, per 4,000 bushels per bushel; and to Glargow? ie 16,000 bi ar gow, tere weres—An Austrian with 4,000 ge grain at oy ae do. at 9 aes ian bark, with 3,200 do. do. Tt hence with 3. bb refined petroleum, al 4s. 734d. ; a German 10d, 1. ‘The char- di Darks hence to. Cork for orders, 6d. ; & Norwegian (one-third to Bristol ‘340 tons register, hence to Newcastle, with 700 bbls, balance spirits tu Swedish ‘and Ne ee a ® to Santander, and about, io bbs. a aia for. orders, ark, of ‘tons re with wate at es gala. tin , to Pernainbuco, nd refined pe: LA tons register, hen 200 cuss rained petecieum, iat Boe, Oa, & Norwegian bar! ‘of doa eesti annus Gauyrston, Oct, 6, 1875, Cotton, firm ; wae 5 ordinary, 11 GCastwise, 1,981, Brock, 12%e.; low Not receipts, 1,990 bales, spond middliny "Ney Orueans, Oct. 6, 1875, Cotton firm: Ered demand; middling, 127%¢. ; low middling, Net receipts, 2,140 bales Monte, Oct. 6, 1975. 12}g0.; good ordinary, 113/¢. drole; Boo. Salen B00. ‘Stock, 47,576, Cotton firm; middling, 12% good ordinary, 11\gc, Net receipts, low uilddling, 11 B16" balen Experts Constwise, 804, Sales, 1,000, war 1,388, AVANN, Cotton strong: middling, 19K" i low good ordinary, 11%. Net’ receipts, 47 k, constwise, 200, Sales, 2,196. Stoc! cma metas: Cotton firmer for good grades: enn roiddling., aise good ordinary, 4 168 bales; grow, 310, 1,800, Stock, 20,128, Witaincrox, RS Sy penal bey 1875. at $1 30 Spirits turpentine firm wt Sze. for strained, Jar firm as $1 40. Flour anchanged; Corn anebany demand for high grades, which aro sei gales, 10,000 bush, No, 1 Canade at $1 2: 0. Bay at 81 18 a $1 1544; 1.00 busi, No, 4 Cugade at Sh 104 | iiag bussmves, Cul wt YO Liverty vt 0, Oct. ales 1,400 bbls, Wheat q | 1 Milwaukee etub, #1 39, Bar Oct, 6, 1875, ddling, 12%. 5 7 Lat exports 6, 1875, low = 12%6. 5 me Net Ye. 'n 120. Ekports coustwise, 60, iow gr 1,000 bush, round lots No, 2 Canada offered at lower rates, Millfeed—Shorts, fn shipstutls, ‘anal freight. 43K0. to Ni i i ¢ Hudson, 1 tidewater yesterday. noe’ rn, 1,084,000 bush tye, 8,300 bush,» Burrao, Oct, 6, 1875. Lake receipts—5,900 bbls, flour, 44,000 bu: 25,000 do. corn. Railroad 21,000. bushels “wheat, 21,000 do. (G0 rye. “feullroud shipinente-9.100 bbe Is wheat, 57,000 do. corn, 82,000 do, oats 2,000 do. rye, Canal shipments to tidé water—134,000 busliels whent, 33,000 do. corn ; do, tointerior points, 7,000 busuels wheat, Fe. corn, | Ghee. Ade. to aruigt; wale at '$6_a 86 OO for spring, 86 St fo skort, SU 75 48790. for amber? 87 5 for it, '$3's0'n $9 50 for new process, 30 a $7 50 n heat in more demand 04x) bushels NocT M 30. Sitchigen mi'61 35, 0.030 do, old No. 2 Chietae spies $1 23. Corn quiet, but tirm; sales 10,000 bushel ‘0. mixed Western in lots at Ge." Oats neglected and nominal: Rye dull; sales 1.50) bushels Milwaukee at Oe, Barle dull; sales 2,000 bushels Canada on private terms. Bec uieband unchanged. Pork searce und firm; heavy mess: Lard steady at 14c. a 14kgc, Highwines inactive nominally, $1 17. Tormpo Oct. 6, 1875, gfondy, with » moderate demand: Wheat dull api hite Mici : No. 2 do. oe 17; extn 1 25, No ithe ek we sneiea bis, Cora falliaoe Goige.; all the year, 50c.; nr thw inoderate demand; No. 2 November, 37\e.;, Michigan, 370 ipts—i 100 ‘bbls. flour, 41,000 bus! . Pan ones anuventee nit, 10,000 busiels whew, 39,000 do, corn, 8,00" Cusgano, Oct, 6. 1875, pes demand friend market tirm; Western and tate 487 25. Whoat irregular and fairl, co Spring, Sh 1K spot $1 10% sell seller November; NoSdo., $1 014g a$1 0234) 4c. Corn, demand fair and market frm id seller October; 53340 Soxse, “Oats quiet bat ‘ir ‘Shige. seller November; & ey firmer, seller October, demand fair and 35 seller October. Lard firmer, held higher 13 40 spot and seller October, Whiskey lowet ceipts—Flour, 7,000 bbls. ; wheat, 79,000 busbe els; corn, 109,000 do. ; oats, 79,000. do’; barley, 30,000 do, rye, 3,000 do. Shipments—Flour, 9,000. bbis. ; wh bushels; 128,000. do.: outs, 50,000: do. ? barley, 25, do. At the afternoon call Corn, steady, October; 32c. a «lor ge & rd quiet and nd unchanged 165,000 bush flour, 7,000 do. 4) bu burley, $22 50, October. I PRINTING CLOTHS MARKET. Provipence, R. T. Printing cloths held at 4c. put home sales are reported ic. lower; market weak and de mand light, CHEESE MA MARKET. Unica, N, At Herkimer there were 1,200 boxes of © dairies at Lic. a sold; farm lig tories, 12590. to 1c. per Ib, EUROPEAN MARKET. Lonpow, Oct. 6—Fvening.—Calcutta linseed, 6d. Linseed 485. 0485 £10 15s. & £11 per ton. Spirits of turpens tine, 248. per ewt, +2 + NANCIAL, 7 NT & CO, Bankers, 19 tnd Dh Nase rect, jere’ Credits, available in all parts of the world Messrs, DE ROTHSCHILD and their correspondents. Commercial Credits and Telographig Transfers Maloy on Ualtornia aud Hurope, hg $10 $1,008 according to your means. $10, $25, $100, $1,000 in Stock Privileges. m 10to 16 times the sum im vested every 30 days, without risk beyond the investment a explained in our book and Weekly Financial Report, sent free They often pay a profit fr containing the daily prices and Huctuations that occur at tht New York Stock Exchange; also the general condition of the New York money market ALEX. FROTHINGHAM & CO., nd Brokers, 12 Wall ‘t, New York, —JOHN HICKLING & CO,, BANKERS AND BROK ers, 72 vy. New York, Bonds and Gold. leges w specialty. tock Pri rations: Mo Wall street call our 72 page book, showing h on little risk and'giving all rived information free, on ap plication, oF mailed to any add OUN HICKLING & CO., 72 Broadway, New York. -STOCK PRIVILEGES CAN BE USED | A$ J, MATEID in place of cash for the purchase or sale of any Stock. ‘There is little ri his’ method of operating, e negotiating contracts on wembers of the Stock Exchange el respeiibie partlogs very clone retens ‘850 for 50 shay $100 for 100 shi tions and information furnished TUMBRIDGE & Bankers and Brokers, No. 2. Wall New York. Stocks bought and sold against moderate RATES—MONEY ON LIFE AND co, Policies, Mortgages snd othes securities; insurance kinds effected with best com panies. J. 3. TABRICH £C0., 117 Broadway. NY PERSON CONTROLLING LARGE BLOCKS OF life insurance stock can find a purchaser and be treated confidentially by addressing N. B., Herald office. YOUNG WIDOW LADY OF REFINEMENT IN RE duced circumstances would like to meet with a gent Tan of means, who would give her some assistance: wecurition given. Address HONESTY, Herald Uptown Branck office. LIMITED AMOUNT OF MONEY WANTED ON time at three to fire yenrs, on good and valuable West- X per cent to 10 per cent interest per an imtarest and prlncly | buyable in New York or else. where ax may be contracted. Apply to HAAR & CO., 43 Wall street. EPOSITORS IN THE FREEDMANS SAVINGS BANK their checks for the first iS, 658 Broadway corner ean be aided in obtaining dividend. SAMUEL L. HAR Bond street. oe READS THE EVENING TELEGRAM, ‘OLDERS OF STOCK PRIVILEGES ure now realizing large sums by the great activity in the market and wide fluctuations, ow is the time to invest. Book seut free yiving all the information, dress BAXTER & CO., Bankers Wail street, New York. ALWAYS HAVE MONEY TO LOAN ON GOOD NEW York cit: Morte without bonus. Principals desiring to BORKO’ iT gi ye GRANT, 145 Broadway, ‘ONEY TO LOAN—ON FIRST MORTGAGES, WITH: ‘out bonus; on second and leasehold mortgages at easy GEO. W. STAKE, 150 Broadway, room 8. OLINA BOND HOLDERS.—ALL CLASS: © i i Securing tome cat ae aoe ests, and means of wecuring themselves by immediately a WIN W. BARRI "Attorney Law NO, Bie Walnut street, Philadelphia, or No. 8 Hotel. AILROAD BONDS BOUGHT AND SOLD.—IMPAR tial information concerning the value, resources, man agement, prospects and other kindred facts, relative to n> bond about which you may wish to be informed, will be furnished free of cost, W. H, WEEKS, Banker, 178 Brondway. TATE OF OHIO FIRST CLASS CITY, COUNTY AND Town Bonds bought and sold by WM. R. UTLEY, No. 4 Wall street. 10 CAPITALISTS.—WANTED FROM $100,000 TO ,000, in sum: borrowers, on staple merchan- dive, with negotiable warehouye receipt and first class hi 4 %commorcial paper as collateral. Address COLLAT. Herald office. HE ROAD TO RUIN.—A COMPLETE EXPOSURE Lis calls, spreads and straddles; 50 ve you a fort sent free by mail on "eentpt of nie. (G0 cents) to M. B 189 Montague street, Brooklyn, nN, ANTED—$5,000 OR $6,000, FOR ONE YEAR, ON chattel mortgage; security perfect and rate must be. moderate, Address ., box 64 Post office. 4 TO LOAN ON REAL ESTATE INV $250.000 this city, Brooklyn o Westchester coun- ty, for a term of Soin" withoat bor CONEY. 162 Broadway, room 9. $250.000 TO LOAN ON MORTGAGE, ON NEW Yorke and Brooklyn Property. in sums to suit; no bonus, BROWN & GOODWIN, 50 Liberty street, room 8, 1 to 4. COPARTNERSHIPS. TSSOLUTION OF COPARTNERSHL hereby given that the copartnership heretofore existing doe teteUd BY Gocchor: and Re Ec Mpeagne, under the. fra fame of Beecher and Sprague, lias been dissolved by mu- tual consent. T. B. BEECHER, KR, ERWIN SPRAGUE, OCTOBER 5, 1875, Nie ees Martin & Co, ie this day dissolved by: Fare tt de Martin Is alone authorlacd to ‘settle outstanding accounts. L. a BY Boik =~ BUSINESS | OPPORTUNITIE: ta ER “WANTED-IN é TAIL GROCERY: PARTNER doing ® goud business, Inquire of A. K. ited, 349 Hudson street. NUESTABLISHED WHOLESALE AND RETAIL A’ Mogsteerin€ Business, st it $13,000, profits ‘annum, for s for cht srorane ot Droperty. B BLOMQVIST, 150 Nas a sires RARE CHANCE.—$5,000 CASH WILL PURCHASE. AS engablished Stationery Business, yiolding a net profit mover Sanne REQUIRED IN A GOOD PAYING = Wharinerd established over 20 yours; $2,500 yearly in- annum; satisfactory reasons given for RRidress IMMEDI . box 171 Herald oftice, anteed to investor. Apply tomy agent, LLOYD, 29 10 Broadway. WHO HAS REPRESENTED TWO hia whiskey houses in this m ‘and who hasan established and de> fo make ne equitable arrangement with some New par firwt classy houses with, Address iNbudrey, ‘om ie Herald Uptown Bri NEW ACROBATIC TOY RNS A SOMERSAULT and alights upright ; a fortune f kal right na 1d.