Daily Ohio statesman. [volume] (Columbus, Ohio) 1855-1870, 1866-11-19
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FROM NEW YORK.
The Agreement with Frazier, Tr,
holm a. Co.


LONDON, Nov. l6-U. s. Consul Morse
publishes in the newspapers to-day letter
in which he explains the agreement be-
tween the American Government and Fra
zier, Trenholm q Co. He states that the
title of the Alto Confederate property Is
therein fully recognized, and that said
property is subject to legal liens for ad-
Vances.
Effects of the Storm.
The storm which prevailed on Thursday
night and yesterday morning proved very
damaging In its effects. The wharv,s and
piers were seriously injured. One hundred
feet of the wharf at the foot of Clarkson
street gave way and fell in. The roof of
building In process of erection in Brooklyn
was blown down and crushed through a
dwelling house. Nobody injured.
Trial of Braine Postponed.
The trial of Braine, the alleged pirate of
the Chesapeake, went over for the term
yesterday, on account of the inaccessibility
of witnesses.
Extensive DIstiIIery Frauds on the
Government.
New YORK, Nov. 17.-Government rev.
enue officials in Brooklyn are investigating
series OF frauds of stupendous character,
which have been perpetrated on the revenue
In the business of distilling whisky and
alcohol. A short time ago two distilleries
were seized-one in Bleesville, Long
Island, and the other in Brooklyn, both
owned by company of Germans, Bohm
d Argus being at the head The matter
was compromised with the Government by
the payment of $l43,000 for the release of
the distillers. The owners then went to
work ostensibly to manufacturing fluid, on
which there is no duty, but the Govern
ment detectives have been watching them
closely, and yesterday these distilleries, as
well as two Others in New York and one in
New Jersey, owned by the same company,
were seized. 1t appears that the manufac-
ture of burning fluid was a mere sham !;
that alcohol was distilled and then mixed
with about 10 per cent. of spirits of tur-
pentine and other drugs, which gave it the
appearance of burning fluid. In this con-
dition it was taken from the distillery. By
simple chemical process the turpentine
aud other mixtures were afterward taken
from the casks, and the remainder was
alcohol. worth 81 per gallon. On each
gallon the Government had been defrauded
of So. 1t is calculated that during the
twenty days that the firm has been engaged
in this business, the members have cleared
100000.
Another fraud of worse character had
come to light in Brooklyn. A special COM
missioner from Washington will investigate
the matter next week. In this case form
er Government Assessor is charged with
having formed ring, composed of United
States detectives and officials connected
with the Collection Department, by which
a large number of distilleries have been
run without any revenue to the Govern
ment for two years past. The principal
operator in the matter is represented to
have made over million and half of dol
lars during the time he has been engaged
in it.
Disasters to Shipping.
Several recent disasters to shipping
along the coast in this vicinity are reported
with loss of life.
The Dry Goods Market.
New YORK, Nov. 1.-THE dry goods
market opened this morning more quieG
and steady than for several days past. The
bear contest during the last three DAYS has
resulted in decline of 5@l5 per cent. upon
almost all kinds of leading dry good. Yes
terday and to-day the bear feeling seems
to have assumed more settled tone, per-
haps only to catch breath for more des-
perate efforts next week. The irregular
reductions in prices has caused wide vari-
alton in quotations at different basis, and
with the still declining tendency of cotton
and gold prices are still quite nominal. Busi-
ness has been very unsatisfactory, notwith-
standing the endeavOr to attempt agents |;
and agents seem to be entirely in the hands
of jobbers, even II they do not second their
efforts at disposing of goods, which has re-
suited In this decline. The reduction has
been most marked in some makes of
bleached goods, prints, and standard
browns and delaines. There are, however,
no goods which have escaped the general
onslaught. Agents have stood up man
fully in their efforts to maintain the prices
of brown sheetings and shirtings, and save
the interests of manufacturers, but the alb
sence of business and the general tendency
OF all goods towards an antiwar basis, has
compelled natural reduction in prices,
and although there seems more quiet to-
day, the market is far from settled. There
is no further decided change in prices of
Standards to notice to-day, but there are
very few sales.
The prices Of prints have been very much
reduced during the last three days, and
still without attracting any great demand.
Jobbers seem anxious TO clear their floors
ofgoods rather than to be able to buy new
supplies.
Stripes and ticks, and In fact almost all
the other kinds of cotton goods, are with
out any change or variation from the gen.
eral remarks above worthy of detail. They
have not been the special object of atten-
tiOn, like the leading articles of domestics.
The great reduction in prices of wooden
goods has caused rather more inquiry, es-
pecially for grades suitable for manufacture
into ready made clothing for spring and
summer wear. The price of almost all
wOolen fabrics in agents hands is now but
littl0 above that of 1860, and the market is
fast returning to settled foundation.
Foreign goods have followed other dry
goods and gold In further general decline,
although there has been very fair business
done during the last three days. Auction
sales have been better attended, but prices
have been very low. The importation OF
foreign goods continues high and it may be
expected that better foundation for busi-
ness will soon be reached. Stocks are being
reduced, and healthy reaction is not i'm
probable at an early day.
JoBBERs' PRICES.
Brown Sheetings-Atlantic A 22c., Au-
gusta, zoe. Bleached Shirtings-N. Y.
Mills, 45c.; Forrest Dale, 81 bc.; Green
Manufacturing Co., 22c. Prints-Merri-
mack, 20c.; American, lSc. /; Amoskeag, l7c.;
Empire, 12c. BrowniDrills-Sta H., zoe.
Ginghams- Glasgow, 16a'.; Caledonia,
&c.; Portland, 12c.
Financial Matters.
New YORK, Nov. 1.-THE Commercials
money article says: There is general put
ting up of outstanding loans at per cent,
and some of the banks ask per cent. on
new transactions-that and per cent. being
the exceptional rate, while per cent. IS
the prevailing quotation, There il q vood