The New York Herald Newspaper, January 10, 1879, Page 14

FINANCIAL AND COMMERCIAL The Stock Market Fairly Ac- tive and Steady. Goverment Bonds Firm,- States Dull and Railroads Strong. Money on Call Easy at 8 a 8 1-2 a 21-2 Per Cent. Wat STREET, } ‘Tnurspay, Jan. 9-6 P. M. Abad day out of doors is very apt to mean a bad day indoors, but with the exception that transac- tions on to-day’s stock market were limited, there was no unfavorable pressure upon prices either from weather or from bears, While there was no marked adyance in the active list there was no de- cline, and prices at the close were as good as those at the opening, Some, in fact, were better, notably Northwestern preferred and Michigan Central. Erie was fairly steady to-day; it is pretty well known now that the company’s statement, to bo published in a day or two, will be a good one, but the information has failed to create any par- ticular “hankering” after the steck nevertheless. Some little stir was created in the strect to-day by the information that Messrs. Belden & Co. were to cease business by reason of a disagreement in the firm. Mr. Connor, of the firm, to-day notified the Board that he wotild no longer assume the responsi- bilities of Messrs. Belden & Co. so far as transac- tions at the Stock Exchange were concerned. While business, for the most part of the day, can only be quoted from fair to middling so far as the amount of it is concerned, prices were strong, and, ¢enorally speaking, closing Sgures were equal to: the best ones of the day. ‘The opening, highest, lowest anbeleaien fe of stocks at the New York Stock Exchange to-day were as follows:— Del. and Hudson. ‘Western Union... Openng. Highest. Lowert. Closing. DBR BRAG jake re. Morris and Essex. Northwestern. . Northwestern pref. St. Paul... Bt. Paul } referred . and West. Michigan Ce Central... wero eraph tis Canads eaihern 4955 Mil & St Punt... Mil & St P pret! NY Central. Nit Central. & Alton a0 Gh icon prol-10 e Fes By Biokaiiver prof aus 103 it Louis & IM. ad 47 St Loni: N i" $y SLKG US SLE sar bebe 73d aug StL & San pt. 141°” Sutro Tunnel . 13% Union Pacific. H& St Jo prof. 8493 WU Tolegrapi Mlinois Central 244 Wabush, ‘The total sales of stocks at the Board to-day aggre- gated 126,447 shares, which were distributed as fol- lows:—Canada Southern, 525; Chicago and North- western, 13,580; do. preferred, 24,010; Chicago, Rock Island and Pacific, 370; Delaware, Lackawanna and Western, 15,213; Delaware and Hudson Canal, 180; Erie, 7,600; Hannibal and St. Joseph, 125; do. pre- ferred, 400; Illinois Central, 3,415; Lake Shore, 14,225; Michigan Central, 7,289; Milwaukee and St. Paul, 6,025; do. preferred, 10,475; Morris and Essex, 800; New York Central, 665; New Jersey Central, 1,321; Pacific Mail, 3,871; Pittsburg, 5,026; Wabash, 1,100; Western Union Telegraph, 3,950. Mongy on call Was easy to-day at 309% per cent and closed at 234 ‘per cont. The following were the rates of exchange on New York at the undermen- tioned cities to-day :—Savannah, buying % offered, selling par a { premium; Charleston, easy, none offering; Nef Orleans, commercial }; a 5-16, bank %; St. Louis, 60 premium; Chicago, firm, buying 1-10 discount; selling 1-10 premium and Boston, Mc. premium. Foreign exchange was weak, and tho rate for demand sterliag was. reduced half a cont. The nominal rates are now 4.83}4 for 60-day bills and 4.8714 for sight, with actual husiness at 4.82 9 4.821; and 4,86 a 4.8653. The Clearing House statement was as follow: hanges, $74,622,680 ae 4,492,132 Government bonds were generally firm and active at the close. The subscription to the four per cents amounted to $4,135,000 to-day. Tho closing quota- tions were:— “Bul, United States currency sixes, see 119 United States sixes, 1481, registered. 10694 United States sixes, 188 me... 10634 United States sixes, 166 tered. 102 United States sixes, 1867, conpon.... 102 United States sixes, 1468, registered. 104 United States sixes, 1868, © Meee 1O$ Bnited states ten-forties, registered. 107% United States ten-forties, coupon.... 107% Unitod States fives, 1881, registered.. 105% United States fiwes, 1881, coupon... 107g United States 44's, 1801, registered. . 106%, United States 41's, 1891, compon. ... 1054; United States fours, 1907, registered. 91944 . United States fow 907, coupon. AG The London advices report better market and | a better feeling in financial circles, Consola advanced 4 per cent for money and }s for the account, the quotation for both being 95), 2 953{. United States bonds are steady, except for 18678, which declined per cent, to 103%. United States 44's are quoted at 1074, fives at 109%, and ten-forties at 1104. The feature among Amorican railway shares was Illinois Central, which rose from 83 to $4, and reacted to 84. Erie rose \4, to 23, and the preferred declined \, to 37. New Jersey Central fell off from 36 to 35, end rallied to 355g. The Bank of England discount rate remains at 5 per cent, but money is casier in tho open market, three months’ bills being discounted at 4@ percent. Tho bank gained £560,000 bullion for the week ending yesterday, Che proportion of reserve to abilities, however, being 28g per cent, against 18 7-16 per cont last week. The bank gaincd £90,000 gullion to-day on balance. At Paris rentes fell off to L13f, 47 ge. The weekly statement of the Bank of France shows a decrease in specie Of 19,750,000 francs, State bonds were dull at the Board. District of Co- tumbias advanced to, 80%, while the North Carolina tad Virginia issues were steady. Railroad bonds tontinue strong, with the largest advance—14 per rent—in New Joi orsey Central adjustment bondy and Lehigh and Wilkesbarre consols, Tho next largest Advanco was 1 per cent in Wabash firsts (St. Louis di- vision, ex-m'\ired coupon), aud Wabash convertibles fex-coupon). | other changes were as follows:— An advance o: |, in New York Elevated Railroad firsts, 4 in Canada Southern guaranteed, Missouri, Kansas and Toxas consols, agsented, and Central Pacific Orats (San Joaguin branch), and 4% in New Jersey Central firsts, consols, assented, O., C.,C, and L conxola, Morris and Essex firsts, consols, Hannibal and St, Joseph eights, convertible, and Great Western seconds (ex- coupon). There was a decline of 4 in Burlington, Codar Rapid and Northern firsts. ‘The closiily prices of Philadelphia stocks were :— + Bid. Asked, City sixes, new..... + 115% 113 Unleat Railroads of New Torsey. wo Ash Pounsylvania Railroad, a4 Reading Railroad....., iN Lehigh Valley Railroad. BB Catawissa Railroad, preferre 3 Philadelphia and Eric Railroad 8 Northern Pacitic Railroad, . 23% Northern Central Railroad... uM Lehigh Navigution,.... 14 Pittsburg, Titusville and Burialo 4 Heatonville Railway... 1 Central Transportation. . ay ‘Tho sales of mining shares at the New York Min. ing Stock Exchange wero: . 100 she B Bane ota Gin sienna Piacer.90 18 500 500 Gold Placer. “be aD 8 SKCOND CALL—I 2 shs bo Virg.. Re 460 Beth i ka wei: ab be DIO ae nce The opening quotations of mining shares in San Francisco were as follows:—Alpha,J1%; Alta, 534; Belcher, 4;; Best & Belcher, 20'{; Bullion, 734; Cal- edonia, 3; Consolidated Virginia, 854; Chollar Potosi, 45; Crown Point, 3%; Consolidated Imperial, 4; Gould & Curry, 11; Hale & Norcross, 1414; Justice, 4; Julia, 344; Kentuck, 334; Mexican, 31; Ophir, 34 bid; Overman, 9%; Savage, 1314; Segregated Belcher, 17; Sierra Nevada, 43; Silver Hill, 13¢; Union Consoli- dated, 57; Utah, 134%; Yellow Jacket, 154; Ex- chequer, 44. *Assessment delinquent. ‘The closing quotations in San Francisco were:— Hale & Norcross... 13% Julia Consolidated. 334 Tustice 45q Savage... Sierra Nevada, ai Union Consolidated. 5b, 3% purcka Consolidated SLi xchequer... 5 Yellow Jacket. Gould & Curry. «114g Bodie....... . 8 Grand Prize.. a NEW YORK STOCK EXCHANGE SALES, b tcgoaei! Jan, 9, 1879, CALL—i0 A. = pene eee 'd Lat.c 1058 bei vid 181 106 308 1026 Pittsbu: 900 Northwe 200 100 100 Waba: ae U,RLAP 6's,'17, B00) BERET Ist wid 716 Buo 10000" do. 13000 Tol & 2u00 Union Pac 1 2000 Cin espring 1s od by C.C,C8. 15000 Mo, K&T con, us 503g up Last B con, as $4 ieee Nils A. M. in 5'8'31y tiie ta .08.be © 010 e 'S1,c.bee LUT taal BOARD—10: ae A.M. roe Be eyes ay ,A&O 1 she Park Ban! vt wing -be It Fa Bank of Repabiic. a cra sctidii be 1; 10 ‘Asime Bxprene.,. 105 105% me 1D do. ast 10 Atlantic 10 du. uw Chi & Aiton 108 » , BEAT sc. “ABR no To Ee = 3 ey Bly 1B et 6 tig 200 ON c 37 ilo ou Shia p zany! 109 ai Buy Mor de Kssex, Int 118 5h ) BS ioe is, S000 H&B Jo 13 * iN iia ya 103 aes Epese 1100) Fue Kot Mo, Tot 10036 an U Pacitic, Ustm. 107 18 a do, + LO 30 Mo eae K sel, Ke & N..cbg C Inte as.. adimt..bi 4000 oLiy 5000 Cen Vac, 8 ’ HuvO Tol & W'2d exe, aK HAWO Ut Western ad ia a 15000 Bur, © RAN bet 7144 tun Northwest pret. <3 7 tuo do 100 do ie iis. 0} io zs Weg wo 400 a ‘ 5000 Det. Le evi, Wg Be youu Met iterated ho we i WY che AS 2 TN oe ro WO, 0 « i Ry Bh CAnade Southern: Lao oP, $1000 U 8 5's com 1881, 1074; 90000 U 8 4's F 'O7..be SECOND BOAND=1 PB.) 1) M.'s, HSU 19,987 108) bay Dist ore Cuero ron r en Raliway 400 Lake Shore, . Se 109 87 bo " . hae Whe.as, 41g HSE ey fe. 10 ee Mat 8. 1 Merrie « etn se We conv mw Bote Mich Routh ste. 190, 1000 Mottu Blo Ist vie casked: @o,, Murel, 200 doreesee.- dS SI 00 cht a xi be a 2 an a G00 Chi, M & 109" do. 0 ~) 0. é 300 ont, 31'& WW Tw * do. 76! a0 a ioe too W. ais wo Pio 200 21g @ Pitt ws 500 Del Hy 200 100 100 200 aE a00,0§ 300.0,0 & I 2:00 705 OO TOON ¥ Elevated ist 10 80 shs Dol & Badan. 150 Western Union. joy rae. Mail. a8 . BT Yoo st Et KORN prot + SE “G0 Candda Southern... 600 Pittabur; oy POC Oeasn: COMMERCIAL REPORT. COTTON ON THE spor J-16c. LOWER; FUTURES CLOSED STEADY—FLOUR sTEADY—WHEAT FIRMER—CORN STEADY—OATS FIRM—PORK QUIET--LARD = FIRMER—WHISKEY — QUIET— SPIRITS TURPENTINE NOMINAL — ROSIN NOMINAL—PETROLEUM UNCHANGED—COFFEE EASY—SUGAR FIRM, , Tuuaspay, Jan. I—6 P. M. Business was light in nearly every description of merchandise to-day, but the markets were, neverthe--. less, steady, and in some cases firmer. On ’Change flour was steady. Wheat was firmer and in fair re- quest. Corn steady. Oats firm. Pork quiet. Lard firmer, Cotton on'the spot was 1-16c. lower; futures closed steady. Coffee was casy, but sugir was firmty held. Naval stores were dull and vominal. Oilswere quiet. Pe- troleura ruled quiet. Corrrx.—The market for Brazil was quiet and without improvement in tone, Wo note sales of 1,404 and 252 bage Santos, per Graf Bismarck, on private terms, and with- drawn from stock, 400 do. Santos, per Graf Bismarck, and 500 do, Rio, per La Place. Late yesterday 400 bags Santos, per City of Rio Janoiro, and 1,338 do. do., per Graf Bis. marek, sold on priv: terms. Mild coffee was firm, 1,000 bags Maracaibo, per J. G, Stover terms. Wo quote:—Ordinary cargoes, i1 14%e.; good do., 1534. ; prime do., 15%. range for lots, 1134c. @ 18¢.; Santos, fair to good, 14%c. a 15\¢., gold, 9) days; Java, government bags, 2c. a 3c. ; do,, grass mats, 22c. a 24c,; Singapore, 16c. & 17c.; Ceylon, 15e, 4 163g0.; Maracaibo, 1334c. a 16¢.; J 15ige.; Jamaica, 4c, a 15e.; St. Domingo,’ 1c. a le; Costa Rica, 15c. a 17c.; Mexican, 15¢. a 160.; Angostura, 1Gc. a 163g¢.; Savanilla, 13c. a 17¢.; Curacoa, 13}gc. a 14c. Cotton on tho spot was 1-16c. lower, and the market closed dull with an easier tone at-the decline, Futures opened 5 a6 points lower. The course of the market dur- ing the day was downward, and at the close prices were from 10 to 13 points under yesterday's closing figures, The market, however, closed steady at the decline, The closing to-day, compared with those of yesterday, were as 10.15 a 10.18 To-Day. Last Eoe' i ae oL ‘B21 Jair nh pa Gxt <3 ‘on com Fis eet soli he fltoeing quotations are based bu Americun standard of classification, aud on cotton in ing in, quality not more thea half a grade or'below the grade quoted == ene Uplands, rie 7 Coie 73% 7 & we . 8iie sisas B1d16 ¥ 1-16 9 516 9 "7-16 0/110 10 ‘S18 0 10% to16 ttiae Ate We; utrlet guod ordinary, 3 middling, 3 15-1de. — joa Wore an follows :—Yent ined Good ordina ary, 7 ee aie, Loy mai TO) at + 400 (shor ic 30 at ate: 160 Gort notte February, 2.500 ‘at 9. 0 10d at W'A5c., 100 at te: Gian 8 den SOU ne Ue. 80 Ab 9.400,, 100 at 9.300. 3O0 at ose. BO at X AtY.7Te., 4) at 9.78¢., 700 ut ire 9.750., 110 at OTe, ‘34U0 at 9. hoe WOU at 1.708, , 2,500 nt aide., 200 wt 9.926., 1,200 ut RUE. 200 at Migdes, 100 nt Bille, i Ae tae. {RO ALD.BE., 400 at 0.88: ee at de S00 Vae., 700 Be A.Bbe.; uno,, 110) at ie, at are. 2 at Sime 9. 7¥e., 1,100, ‘tio at De. 18 200 ur the marker w th oie ot was steady: sate, Western aod. Southern, were Tebout 14.0 hin, the annexed range, | itye tour ruled quiet, meal was alvo quiet, and sales ras bbls, witl with sales of 175 bbls, Corn rea alt quiet; We quote :— tate. «$2 25 a $2 90 Supertine sia a Bad Hatta state 13008 S420 320 ery 3a 3000 +508 400 St Loules lowexivs tu 1, Lowis, lowe: a St. Louis, low straight ioe Bt Louis, choice doubis extra. Swe choice family, 4250 Frsterctsercene ZeeSeSE S5 aerrrttTs 2 7 5 » Ne. ¥ sortng,, oe, eae a. Pua. the Silomen se 4 ma eriges at Oe orgead, call No. 2 sprit Min the bid and “a for Jananry, od; do., for Northwost, coruaty, Uily $1 10 bid, BL 10!5 asked following were nd nit Jal ‘, te ew No. 4, ie, asked, ary, wt stoamer, at 44 Oy basher! wu the pot, OF rhushets, ‘cat No. 2 mi ‘eh 0. Hmixed, 4746, a ATIC. Pie ay hits nnd 470. mae. for Onie—Uader continned light roceipts (259 bie and fair demand the market was firm and ero wunintained. ” We quote: x nb ee No. 2do, Susraded ‘alved, ‘sds du lge.: Nol do, . Sdo., hominal, Ie, ; none offer ing. Guxxy Chori was dutt and sRominal at O40, for 2% the., Be, for 2 ths, and Shae, Lor Dy Hike axo Jork.—the ‘aeiat “throughout was dott, wut without change, Wo note sales of 250 bales jnte butts 175 wags iSraal han arrive, ab rivate AW bie dressed, et ay & $139; Russia, clown, (fa Aw Rl, old, nie, den 40. Hae. euereney, ensh ind Utne,” Manta 1 bit anehanged. Domestic Paty sonteitugat and 5,04 jn Enelich islands, 18c, 8 25¢.; Now Orlesns, new AVAL StoMes.—The market for spirits turpentine was and A ale, po ata aa ‘adult bug nominally, wy merchantable od, $1 37595 eo, ‘ts Tar—Wilminztou, $2 12g; Washingt Scions from Wilmingtou were as follows Births hem gt 25 vd. $1 25; oft ? ti and oon 8145. O14 “Cortoussed oil way quiet and closed at tho eal! as tol- lows :—Januury. de, bid, 4056. asked ; Febr; id, ey ; Mareh, 416. vid, frat wall yous, ae. Wid, Ae, ‘Linseed oll, American, se. ; Calcutta, ; bleached winter, $1 02; nat rn whale, 42¢.: do. Southern, 4c. ; natural ‘do, 468c.; extra bleached bleached winter eleptiant, oe. winter We.’ Crude figh—Sound, Bi —Tho market for relined wi out furthor chanye in values, We quote:—Crude, barrels, Sige. 9 BAfe. ; naphtha, Sige. ; refined cargo Jous, Wee. j casos, Ie. for ordinary: brands; refined at Philadeiphia, ¥c.; Bal- timore, Ye. Koudébush reports, sales Un Now York, ee bbls. certificates (crude iP City—G4,000 bbls. fen quit ana ite: | $1 Bie » SL Os x ie O1%, changer: 318,000 bls 2 im VOULTRY AND GAxx.—The market was quiet but abont ateady, “We quote:—Turkeys, Le. & Itc. Fowls—Phila- Stage’ and Wentorn. Ue 0 a Be. » 1c. ; mallard, er pair: atuil fod prgcons, $3 a doe. wor dozen, _tiuliien fowl, 4.303, por pair 1 pot 5, #2 50.4 84 per pair. oPttadelphis 3 AA? per dogen. English enipe, $3 per dozen, a Su por dozen, Red heads, $1 50 per pair, F bait, Bork, 760 bola 2,457 packager tnd 1,635 boxes; beet, 20" tivrees; dressed. hi Fork was qulet, Salos'wero 400 boxes vid teas 50, and 1.500 do, new d6.. for April del 85. "The following wore tho bid unduskod prices at. the Second. call January. old. #7 4) bid, 87, G0 nake new, se Ou tid, BX G0 ask rary, $8 65 bid, FB Keil? March, 8740 bid. it dd. new, 88 73 hid, 5 asked : “April, $8 95 bid, IUD wea | May, $800 bid, asked. Bacon was activ Lox 100 boxes ait and halt 18 Bebe ary delive: city long elyar, om snot, at Nc spot, at dq eek hums wore. qi wles Were 20,000 Ibs. pickle: 2 Ibs. aver ders 10) tioreos. Western pickled haines 11 Oe. aud 00 boxes dry abled” haan On private. ‘terms. Drucred hogs were. without gterlel | changes” olty, sat to light, 4ige. a market ve hy A rh at 190 do. off grate antl, to arrive, 3, "do, bors clear, on Cat ments wero 3 loa $5 15, and 120 2°85 20, The following wore the bid Ate Sts @ second call:—January, $9 ask 0246 Did, $8 05 asl by sil 80 1 bid, 86 17! Butter tees & faaches tah: Ales. We Western do. quote :—State to fancy, 4c. a 8) » fresh, 25 nied, “Stator tfe. «1 me -With's fair demand for domestic sort the galed ira. We suoies t—-Carolina, fair to x Brinie to. chatee, 6» bs PE ey Baie. 0 to pri ©. 4 O50 coon, in bona, a a3} Deteatin Gaskins: 00 erede ental The market Was qulot ak O2,0 wilce, for elty prime and Gre. for primo ewtern, Suoan—The market for raw was quiet, but firm. |The markot for refined was vory strony ot an ‘advance ot ae 2 fate refining. 636-3 hhds.-andboxes, hhds, and boxes, rof ining, com: 8 de, ood to prime, & a off A. Mac. 9 } Kranulated, 82¢e, white extra 'C's, 73 ues tela Mids, un 50,000 Ibs. os 1 bla. ‘et in general was dull, but rates were steady for berth room and fam for chartering ton. age. Engagements -=To Liverpool per steam, Bhat s. nominally; some lots butter and cheese at’ 30s, and bacon aboue SW boxes, reported ut 25s, ; Hull, Steam, 32.000 bushels grain.’ Grad, standard, Ghattorss—A'Britleh ship, 1142 tous, trom Rev Orlenns to, the Bultic with cotton on private terms; « British bark, hence to tho Bristol Chagpel, with 3.500 quarters grain né jan American bak, hence to Liverpool with 3,500 naptha re trolenm at 4s, 3d. ; rman bark, 419 tor loading general carg to Antwerp with 2,000 pickuges provision Russian bark, 740 tons, joading for Havre, gent ‘go provisions, 27s. 6d., and an Italien bark, 8U7 tons, hence to Genoa, general cargo (laid on the berth) at rates; w ship, - Baltimore to the t coast of Ireland, 6.000 quarters . 5s., and a bark, 3,500 quarters grain, thence suine Siyage, at Ss, dad. DOMESTIC MARKETS. Gatezsron, Jon. 9, 1670, Cotton—Quotation middling,’ 9c. ;" low mid- dling, 8346. ord bige, N t rocelptn, 1,697 bates, as the Guntineitg, O10; coustwise, 1.396. sey Stock, 105,004, an, Cotton quiet and easy; middling. low m idling, 8%c.; good ordinary, Bic. Net receipts, 5,204 bales; se, i. "Exporis—To the Continent, N23; coustwise, FF! “Sales, 4,000. dtuck, $74,740. Monte, 76 1879, Jow middling x04 8K. inary. ee aeerecalp eae ia ina? ‘Salon, 2000. Bt ok, Cotton, dinary, Roe ‘tan pele rts cuastwise, ies, po! 8, $117. Ex. evening, 400. Stock, Cuantxstox, Jan. 9, 1879, Cotton quiet and cosy: middling, 9! ee 5 Vow mid- dling, Se. ; good ordinary, Bigc. u 4, receipts, 2,076 bales. ER e—To the Continent, 1.440; coastwise, 959, Bales, 1,00. Stock, 57,270. Oswxc0, Jan. 9, 1879. Flos r steady, clear, $4 25 « xt s 3; amber winter, & 25 0 €& A 2 red 09. Corn dull xed wa Se Barley unchanged: sai Bustle extra bi i oT bright old at Nghia: Neos ‘gl 03 a $1 ‘orn meal, 9 30" bot bolted, Ste oo" aeesltad, shorts, $12; ship stuffs. 13; middlings, $17 per ton: wre in limited req' t in Hig! nel ie Beshots red weiutor a nally unoheaged. No receipts.r shipments reported durin the last twenty-four hours bi Dertrorr, Jan. 9, Bog! Flour firm an@ in fair domand; salea 390 bb Slchtzany acy, Re: oi gel ‘ai es 2 3c. x . Dressed ogs ip active demand at $3.35 Recolpts-Flon Ts) bbl fr wheat, 20,00 Gushels: corn, Lau de 2700 do. Shipmints—Flour, 2,200 bbls; Dushels; corn, 140 do. ; oats, 1800 do. - * Crxcinsatt, Jan, 9, 1879, at full prices. Wheat inacti we, Corn stronger ot. ile. a bac: tul at oe. a2ie. Rye duli ‘choice fail, $1 10. Pork ood, deimand nnd a a ncuiders, short som tear rib, 4) Son tian” Wate eect wee: ae semana a 1 Uh, Hutter stronger; fancy ‘creamery fancy estorn Ise. We; prime vo chalce aos, Ise. x Ves do. Ohio, 140. A I6e. Sugar steady and ti Hogs stondy, with «good “dema a $2 Gave light, $2 70m $2 005 ge Ditchers, 62 00 8 8" My; teoe pt Cucaco, Jan. heat in good de 80.5 No. 2 Chicago ry Pork strong and higher, 87 7, &: March. setive, firma and higher; 35 5 casi Wi, February. March.” Bulle meats netive, frm and higher wy for hip bis. 5 corn, ‘a 1000. ma ‘hen on do. ; barley, 13,000 dy, ‘At the i cen, Usta tty and unchanged. Oat Pore active, firm and higher; $7 > © asked, March, sirong and higher} ruary ; $5'80 asked, March. ensior ; BANE. id wnchan EUROPEAN MARKETS. COMMERCIAL, be Maes re Jan. 9—5 P.M. Coven Paseren: closed steady at to-day's lowest prices, Turpentine, 228, NEW YORK PRODUCE EXCHANGE REPORT. Lavenroot, Jan. 9, 1870, Pork—Prime moss, Eastern, dull at 44s. ; mn dull at 4c. Bacon Cumberland cut dull at 24s; short rid dull at 4 ng leat steady at 2s. short ‘cloar duil at 24s, Ws. Shoulders at is cut uth only at ine dull at lour— dull No, B, steady at 7s. Od.; do. No, Western winter steady at Bs, now iteady wt Un. Corn—New stondy age eouigen i Us. vi, Cottonseed vil—Yellow Atuor ean dull at Fommon. Spirits turpe madon, dll wt din rolew ve he a EE Be yer ton. Lard closed at 4)G marke per tigine jaMBURG, Jat 1878, Lard closed at 34. marks per 100 Lbs. “ Hat ARE, Jan. 9, 1879, Lard closed at 42f, por 50 kilos. Axtwenr, Jan. 9, 1870, Petroleum, 29f. for fine pale American. o FINANCIAL, Loxpos, 5:00 P.M. 10a. per yallon, Bpirite of pesto: ‘9, 1879, Jan, 95:30 P.M. The rateot digcount tor three months’ bills in the oven 7y WA por cont, whien is I'gand 1 per cont ‘Bodian referred, 3 A Advices quote. five per cont re The specie in the Bank erensed 1,73) London, 23m, 25 Console. UO 11 f hd ue Past week, i foe both uroncy and the account BAN ANL Asa tee A. J. & W. SELIGMAN & CO., 26 Broad st., New Yerk, Iseue Lettors of Credit to travellers payable in any part of Europe, Asia, Africa, Australia and America, draw bills of exchange and make tolegraphic transfers of ia, money to Europe and Califo ALL Gi CALIFORNIA AND OTHER AINING STOCKS. We buy and sell at ‘the San Francisco and Now ¥ ik Mining Stock Ex- changes orelsewbere daily on commission, and dividends ald by us in New York; ote custom, _ Bankers, Brokers and Auctioneers T REASONABLE RATES—MO: ree Al ig rely AB TE boight: Insurance ot all kinds effected with best compu- ies wt lowest premiums ABRKICH & CO., 165 Broadway, 880, waar foe 00. BANKERS AND Stook Brokers, No. 12 Wal . buy and sell stocks on the New York Brock Exchange nd” carry the same as lon, eposit of three percent. Careful attent upward in “Pui pay trom five to ten ti sted. Explanutory Circular and their Report sent free on application, Ait “AND ENDOWMENT INSURANCE POLIT scies bought and loans on same negotiated. JOS. HERZFELD, 176 Broad’ (TENS SAVINGS BANK OF THE CITY OF we 9, 58 Howory, corner of Canal st. aie SEVENTH.’ INTEREST — DIVIDEND.—The Trustes ve, drdored Chat. iaterast at the fete ot REVS PEK CENT por annum bg pald to depositors on and after Janna on all sums of $ aud upward whichhave beon on deposit is tor the three ‘and six months ending December BLL in will be credited as an original deposit, and, if mot withdrawn, will be ‘eutitled to interest from January Deposits made on or before Friday, January 10, will draw intorest from January 1 “Bank open daily from 10 to 3, and on Mondays and Sat. urdays trom 10to7, Bank books in English, German and E. A. QUINTARD, President, Seymour A. Bunce, Secretary. NR, BRUNSWICK, RAHWAY A D nan BETH | French. (N, J.) Bonds wanted slag Macoupin (IL) Court House. W. MARKITAM, 10 Pine at. RAILWAY COM. Way, y To comply with pintisisan ot the soariecul the ntepec Railway Cows pany there will be an annual mevting of its shareliolders, tice, 02 Broadway, on Monday, January 13. 1879, ub MUNROM CHUBY, Secretary, i teoatwar, ec. 16, 1878, ‘The regular semi-annual dividend of four per cent has been declared by tho directors of this company, payable January 15, 1879, at our offices as abov for books will chose Sanuay 4. at2 P. M., and re- The open February 8 I. B. PARSONS, Assista ant Secretary. pee NEW FOUR PER CENT U. S. BONDS. HATCH « | FOOTE, No. 12 Wall st., offer for sale the new Cont Bonds, either coupon Jin denominations to suit purchasers; bonds on band for inmediate delivery alled Bonds" and all rious issuvs of United States securities z Ce at full market rates, WHEELER & JES Broadway. ATTERSALL’S STOGK EXCHANGE, way.—Orders received to buy or sell Stoe! Hiabill Nin ited tos per cen’ McDOUGAI SS BANK, (ON DIME SAVIN Broad: bth ay. und 32d st, Interest on deposits ttom $5 to #3,0U0 at the rate of 8.0 five per cent per annuum and on all sums exceeding $3,000 at the rate of (4) four per cent per annum on the ex- ble on oF after January 20,1879, Deposits on or be- interest from Kc BROAD- on margin, LL & CO. epen dai from 10 to 7, Ganpsnne Cua STOCK pe WALL ).—Stocks bought and sold in lots of 10 shares and orn parpane under new rule of Stock Ex- AW $209,000 5 PER $85,000, ‘Avdress PRINCIPAL, ws TED—ON MORTG: AGE, cont: Mur rs 63 Bust lat. sar haiti’ 4, 000 WANTED AT 6 PER CENT ON BROOK- lyn Dwelling well rented; no brokers, Ad- drexs OWNEK, box 227 Herald office. e _BUSINESS — OPPORTUNITIES. Ar YOUNG MAN, GOOD ADDRESS, GOING T6 SAN Frahcixco, will wndertako commission or reprosent a ‘line of good Brooklyn. . RELIABLE MAN, WITH $2,000 «party in a pleasant, easy bu profits: Al references ; closest in gation ‘solicited. Call roadway, second floor, front room. A LIVE MAN CAN SECURE PAYING POSITION BY contributing $1,000 to profitable business: this is « vor; Tare opportunity, ‘Address GEO, H. HENDERSON, 21 Herald office. STAPLE BUSINESS, SURE FOR $4,000 A YEAR, can, with assistance of reliable partner, do five times the amount with present customers; acre old completed; $1,500 cash will secure interes! vac) investing. See acne ‘et coal ames S Buse BUSINESS MAN WITH $5000 INA MANUFAG- Aa business; & good opportunity. Address H. W., Herald of a canon FOR A PARTY WHO UNDER. atancis the business, frat class Reataarant: newly ftied up; location and busines jow; Teasuns for selling given." Tiquire due Oth av. EST CHANCE EVER OFFERED FOR A MAN Trt 900 to onter x well established corner Mont, Fis Vegetable Markets, 164 Myrtle av., Brooklyn. (OR SALE—VINEGAR FACTORY, NOW ACTIVELY running; large profits; big route customers. Address FACTORY, Herald oft ENT! I m profitable manufacturing ald office. ¢ WITH $1,900, KING INVESTS hear of 9 good opportualty fe an establi ‘and usiness, Address COMM, Her- OproRe Iry FOR ONE OR TWO GENTLEMEN, with $40,000, to replac established, subs antivl business. Address L., Herald office. EWA PITAL, OF $50,000, conduct a general jou ing and importing business, Jong establisbed. The ad has an experience and an established connection, both (n thia country aud Europe, of over 25 years, and additional capital is required to extend his business. resent busine: active operation, Answer to box 3.144 Post office. ROVISION AND COMMISSION BU salo—Old established house retiring; best among a large list of customers; pri Apply GRIGGS & CARLETON, 08 Broadw: v TANTED—A PARTNER WITH SOME CAPITAL IN eeail paying usinees’ “Gall ot 274 Pearl st. Now Yor! FACE BL $4 £00 EE BOY A Soe aan: worth five timon the amount asked ; establish by owner over thirty years azo; cood eight mor Year; no risk. Address, one woek, 5. F. F., Herat PARTNER FOR SMALL S5OOsue jo inventions. Address A. P ark, N. J. 500. =I WANT TO FIND SOME GOOD PAYING ot business; will invast above amount, JAMES, box 14 Herald of Two rm $5. 000 pre ably Horata Ul jploan ofte 10. 000. <WANtED. A “PARTNER, WITH A CAP- ‘eital of $10,000, tv carry on the importation Hud manufacture of special varieties goods, An active, intelligent man will flu & guod investment, Apply by letter. AE. i, He mld ic THE $25 000 —PARTNER WANTED, W OF sabove capital, to join the subscriber in the tianufacture and importation of leather gooda, house tablished for over thirt, ns hig! references given aud required.” Address L.'Il.. box 3.200 Post office. needinna=Alieerl amen STOCK AND MINING EXCHANGES. A petition for opening a mining department in the Gold Room of the Stock Exchange, signed by a Jarge number of members, was presented to the Governing Committee. There was a slight difficulty, however, in the way, as when the Mining Exchange was organized a’ promise had been obtained from the E we that the latter body would not deal in mining shares without giving the Miuing Exchange six months’ notice. A sub-committee from the Stock Exchange was appointed to confer with @ similar committee from the Mining Exchange for the purpose of reaching sowe agreement, It was stated crear that the committees had agreed on EACH WITH THIS RSO! nt, of one with $10,000, ean secure an the best business known. Addrefs k., ® the following terms:—The Mining Exchange to waive its ote 2 of @ Six months’ notice on condition that the Stock xchange shall have no separy bern department in the Gold Room. The members of tho Stock Exchange, however, aro allowed to in mining shares the same as iu other stocks, ton as was done before the Mining Exchange was organized. The whole matter has now to go before the Gove ing Committee of the Stock Exchange for approval. PRODUCE EXCHANGE. Tho Board of Managers of ‘tho Produco Exchange met yesterday, President Edson in the chair. ‘The’ following jgentiomen were admitted to member- ship:—James Harding, John 3B. Hollister, A. W. Phillipa and J. M. Stine, The following petition was read to the Board :— New Yor, Jan. 0, 1879. FRANKLIN Boson, Esq., Prosidont of Prov Exeliang In view of the Increased and commodions facilities af. forded by the New York Central Railroad Company tor the handling of property at the foc Virty-ninth street North Hive w Inrge cover fcartace, lichterage and respectially req jo by called At aR ew Yours, reapectfnily, Ward & # C.. A. 8, Jowell, K. O. Lamson, gate, Oharies H. Sniith, Stephen lane & Go., David Dows & Uo,, B.A. Kor ; The Board decided that the trado shall meet to- morrow, at'a quarter to three o'clock P. M., in the committee rooms, No. 33 Poarl stree COTTON CLASSIFICATION. At a meeting of the Board of Managers of the Cotton Exchange, held yesterday, section D4, relatin to quotations of <ifferent classes of cotton, Ww amended by striking out the words “New Orloan and tituting the words ‘New Orleans and Grit.” The amendment was ordered posted ten days, and a meeting of the members to consider the sume was called tor Saturday, January 18, at two P.M. YON LIFE AND | A WALL DENELA LPieviriyae APPLICATION MADE TO JUDGE DALY FOB THE APPOINGMENT OF A RECEIVER FOR THE FIRM OF BELDEN & CO.—-THE CAUSE OF THE MOVE Judge J.¥, Daly yesterday granted an order to show cause why 4 receiver should not be appointed for the firm of William Belden & Co. The suit is | brought by Mr. Washington E. Connor, one of the | members of the firm, to dissolve the partnership and for the appointment of a receiver and the granting of an injunction. Mr. Connor complains that he does not like the manner in which the business ofthe firm is conducted, and he charges that within s recent period the defendants have transferred to the name of Henry Belden, Jr., about $350,000 of securities on which the firm has obtained loans to the amountoft $700,000, and for that and other reasons he desires to withdraw from the firm and have an accounting and receiver. Judge Daly yesterday granted the order to show cause whiy a receiver should not be appointed, the order being made returnable this morning in the Special Term of the Court of Common Pleas. In the meantime a temporary injunction is granted restrain- ing the defendants from transferring or disposing of the assets of the firm until the matter is and the plaintif’s rights in the premises This injunction, however, docs not imterfere with the current business of the firm, which will go on as usual, WHAT THE PARTNERS SAX. Shortly after the opening of business in the Stock Exchange yesterday a communication was read from Washington E. Connor, the Board member of the firm, in which he stated that it was his desire to notify the xchange that he had made an application in the morning to the Court for the sppointment ot areceiver of the assets of th firm of William Belden & Co., of which he was a member, for the purpose of effecting a settlement of differences between the members ot the firm in re- gard to the distribution of such assets. The letter -ulso stated that all claims against the firm contracted prior to January 9 would be protected and duly hon- ored at maturity. Mr. Connor, however, desired to relieve himself by the notification from ayy personal responsibility for contracts made by the firm of Will- iam Belden & Co. after that dite. ‘This lecter caused some excitement among the members of the Stock Board, and all sorts of rumors were prevalent on Wall street during the morning about the difficulties existing between the*members of the firm. In order to learn the truth ot the matter a Henatp reporter called at the office of William Bel- den & Co., aud was cordially invited by Mr. William Belden to enter and then introduced by that gentle- man to Mr. Washington E. Connor. An explanation of the trouble having been asked for Mr. William Belden stated that for several months past he was desirous of retiring trom the business, and for some time he endeavoring to liquidate the affairs of the firm. The prevent difference of opinion, so far as he could see, was as'to whether he (Belden) was to superintena the winding up of the affairs of the firm or not. He did not teel that Mr. Connor had the right so to do, the latter not having ontributed any capital when he entered the firm, and at’ the same time being the junior partner. MR. CONNOR'S VIEWS. Mr. Connor, haying been asked for his side of the story, stated that tor some time past the affairs of the firm have been in liquidation and that they have ar- rived at a point where it requires the acceptance all parties interested of the accounts as present ‘This being objected to by some of the parties in in- terest, and no other means of @ settiement of the question presenting themselves which would be isfactory to all parties, he (Connor) felt that he was compelled to apply tor the appointment of a receiver. It was, merely done for the purpose of bringing about a proper adjustment of the accounts, and he was of opinion that the matter concerned the parties in interest only. The outstanding contracts, Re said, were small and would be met ou presentation. In answer toa question, whether there had been any talk of reorganizing the firm with Henry Belén, Jr., as senior member, both Messrs. Connor and Bel- den gave & positive denial, HINDRANCES TO TRADE. To rae Eprror or THE HeraLp:— Being an admirer of your earnest efforts to the interests of the trade and commerce of the United States, allow me to call your attention to that portion of President Hayes’ Message to Congress respecting trade with South America, wherein he reegmmends Congress to use its efforts in opening trade and commerce with the citizens of said country. The recommendation of our esteemed President is a worthy one and should and will, no doubt, receive the proper attention of Congress in due time; but, as ®@ commercial traveller, allow me to call your atten- tion to the fact that it is necessary to open certain portions of our own country to trade and commerce as well as that of South America, and beg to call your attention to certain laws in this country which are not only a barrier to the general freedom of busi- ness but also place an embargo on trado at home, Should such laws exist in the cities of South America it would be a long time before Americans would seek those markets, OBNOXIOUS LAWS. Fortunately for healthy business intercourse inter- nally, 48 well as between nations, no such laws exist in England, France, Germany, Austria, Russia, Spain, or in any of the South American cities or Mexico, ‘The obnoxious laws referred to are simply these:— Little city ordinances preventing manufac- turer or merchant, or their representatives, doing business in New York, Philadelphia, Chicago, St. Louis, Cincinnati, Louisville, &c. (where, be it re- membered, he pays his taxes on the sum total of oo business), trom ‘showing samples of his goods o saliciting orders forthe same (in Washington, feria: stance) without being obliged to take outa license, costing in some places $160 per year (which no one can allord te pay), or be shadowed by a detective and subjected to a heavy fine aud imprisonment. These laws do not exist in any of the Northern, Eastern or Western cities, but they do exist in Washington, D. C., and m the Southern cities, with some very few exceptions. If we had to take out a license in South American cities for the privilege of showing an American in- veution or specimen or general stock of merchan- dise, trade with that section would be of slow growth, let transportatioa be ever so cheap; but such is not the case, tor they receive foreigners with awelcome hand. ‘Then why caunot we keep pace with other countries, espocially among ourse ursel’ and abolish.all laws obitging & maa living in ‘in and doing business in New York, Pennsylvania or Ken- tucky to pay a license for showing a specimen of his line of business in Washington. the capital of the country, and © many Southern cities, or be chased by detectives, fined or itup: isoned? i Would not a constitutional amendment of tone than that part referring to tree and uninter- rupted trade between the States be a helping toward a healthy business between all sections our country and enable us then to approach foreign nations as We arg received by them? AN EXAMPLE TO BE FOLLOWED, Tam pleased to note that, while recently in Charles» the Common Council abolished the local license law, to take eifect on ‘the commencement of the Present year. Lam and have always been an admirer of the Southern people tor their manly sense of jug- tice and true friendship, and Lam certain that when they come to see the position these unjust laws place them in, in the light of a commercial they will at once see to it that their representativ both national and local, will abolish such laws lace the citizens of the whole land on an equal foot ng of internal free trade. Bespectfully yours, FOGE!) New Yous, Jan. 3, 187% ROM F THE EXCISE} FUND. LIQUOR DEALERS ANXIOUS TO GET BACK MONEE PAID FOR LICENSES, . The fight in the courts over the distribution of the $130,000 paid by liquor dealers to Owen Murphy and his associate Excise Commissioners, minus, of course, the $50,000 which Murphy, as claimed, took with him on his trip to South America, has not yet terminated, and, according to the statement of counsel im court yesterday, is not likely to ter. minate until all the remaining exhausted. ‘Chere has already been published in the Henavp the appointment of a referee and re- ceiver in the case, as also the decree providing for the retu: of the money. The matter came before tor Judge Barrett, in Supreme Court, Chambers, yester- day, ona motion by Mr. Jacob A, Gross that under the decree the receiver should be directed to pay to 107 liquor dealers whom he represented the amount of their claims in full. Mr. Burton M. Harrison, who appeared for J. 3, Potter, the receives, suggested that the decree mitted none of the claimants to be paid in full, ut simply w receive distributive shares, pro rita, of the fund. In the former proceeding he stated that sume nine hundred —< elaims for payment in full, leaving about Afteen hundred whose claims had not then been presented, and’ that subsequently 9 por- tion of the iatter ut in their claims for distributive that the proper course to take was = the Court to direct that such steps be taken aa be necessary to procure a judicial decision whether the Totten he og have any force or not. tant. a new n Counsel Wicks opposed the tion om th: y und that the city thas coreain in- ‘tein the fund, and that if payments are made oe to the 107 claimants on whose behait the motion is made, before outstandi and undetermined claims are passed Cao ete 16 Court, the interest# of athe city may | ve Praja ‘Theodor Rate, who pe... Ignor dealers, said that the object of these proc 8 evidently Was to continue tie litt gation till il the Cand wa ‘exh: Ho said that the decree was capable of at lest three interprets tions. He insisted thas the Court should direct pay. ent to all against whom there was no.proof that they Used their receipts as Licenses, and that all otnere shonld Paid pro rata after deducting the tog al expenses, ‘titer some firther discussion Judge Barrett gave counsel permission to hand in other pavers ana re- sume the argument to-morrow, represented