New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1872-07-27
NEW YORK.

! COEtGn and Commission Merchants Meet
ing-U inform BrOkeraEe-LOss by the
Erie FiTe-StOkes' Witnesses Disi
ChaTEnd-Specie Shipments-HydrOp
bia fl am skunk Bite-Heavy Rain in
New IOrk-Yncht Rnce-The Catholic
PrOtectOTy-PTize Fight Prevented
Monetary Situation.
New YORK, July 26.-At the meeting of
the cotton and commission merchants to-
day, the committee submitted report en-
bOdylng the following recommendations:
To establish un form rate of BROKERAGE:
the minimum ratc Of commission for buv-
| ing and selling. OttOn for future de
livery 10 be one and One-half per cent.
without rebate; N purchases or sales are
extended TO U.-a ant month, or changes
made, the charge be one per cent; when
no actual cotton Is livered, in the absence
OF instructions to q contrary, members
executing orders for lures can cover mat
uring contracts on recent of notice. bv pur,
chase on sale of corresponding contract on
purchases or sales IL future delivery, bro
kerage to be paid by 5vers and sellers, to
dite ent brokers' all brokers 10 be de
barred from trading in cotton on their own
account. Every member issuing his own
contract to be considered merchant;
contract for one month, and sale and pur-
chase for another, if simultant GUS, shall be
considered one transaction, anu covered by
249 per cent.
At meeting Of the Erie directors state
ment was made that the loss by the recent
fire will not exceed $500, COO Much of the
machinery will be repaired and saved The
buildings will be Immediately rebuilt, and
all the wOrkmen will be employed in other
shops OF the company at various points
Judge Pratt to-day released John Red
mOnd, Thomas and Patrick Hart, the hall
walters of the Grand Central Hotel, who
were held in custody as witnesses in the
Stokes case.
The Herald publishes letter from DR..
Livingstone to James Gordon Bennett Sr
1t fully cOrrOborates Stanley narrative
The Herald has special asserting that
SchUrz has a letter from General PleasOu-
ton, while Commissioner of Internal Rev
enue, explicitly proposing to trade patron
age Tor his support OF the San Domingo
scheme
1t is believed thar the specie shipments
tomorrow will be over $2.0000O0.
DR.. Simon F. loft, Of Newark, New Jer-
sey, has been arrested, charged with pro-
ducing a fatal abortion.
Mrs. Elizabeth Mills, near New bury. died
Wednesday Of hVdTOpEObia from the bite OF
skunk.
The heaviest rain storm of the season prc-
vailed here from daylight till near noon TO
day. The lower. part of the CITY was
flooded, and many cellars were washed out.
Several unfinished buildings in Brooklyn
were damaged by floods Of water washing
away portions of their foundations, the sew
ers of that city being insufficient to carry
off the great quantity of water that fell
The yachts Madeline and Rambler, which
are cOntending for the Bennett cup, passed
BrentOn's reef lightship this morning, the
former at I:34, the latter at 7;48. They are
due here this evening.
Arrived-Steamers Humboldt ard Havre.
The Catholic PrOtectOTy at Fordham will
be rebuild Immediately. The Commission
ers Of Charity have consented to take
charge of $50 children for the present
Assemblyman DOminick Roche has been
arrested on complaint of a relative of Com
missioner Carr for felUniOus assault. out
will be admitted to bail Carr is ingrUv-
ing, but not out of danger
prize fight was prevented this morning
by the police and ore OF the principals held
to bail.
The monetary situation is unchanged for
call loans. the rates to day being a. T.
cent. For time loans there is an increased
demand; and the market has a hardening
tendency. For three TO four months money
y cent was bid to-day, while only few
days since such loans were offered a ) y
cent. The renewal of specie payments on
an extensive scale is inducing money lenders
to ask higher rates for time loans.
The prospective actual demand Tor gold
for customs in August will transfer gold
from the banks to the Treasury; this enters
also into the calculations of money lenders
for the future. Exchange weak; 9l3 d gas
Gold ll4as Gll41R. Governments quiet; new
tiyes ll334 SKIES of 1881 ll75s; fVe-twentles |
Of 1862 1853: 1864, 1859; 1865 ll674; new |
Il4a4: 1867, ll5A; 1863, Us; ten-fort!e57
1923. State bonds dull. Tennessees, Old !
r. new 73: Virginiaa old 4f, new 80; LOuisI- |
anas, old so, new 48, levee SKIES 60, eights |
Y; Alabama eights 81, iyes So; Georgia |
skies 20, sevens s.; North CaTolinas, old
321R, new 20; South Caro!inas, old "A, new
29A.
A dispatch from Raleigh, North Carolina,
to the New York Herald says: Schurz left
st. Louis last night, on his way to fulfill his
speaking engagements in North Carolina.
The oveTtures meI toned in his speech were
made to him by General PleasOntOn, when
he was Commissioner of Internal Revenue.
Schurz met PleasOnton in New York. where
the overture was made. Schurz at once de