davidaulloa/AmericanStories huggingface dataset:
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
FINANCIAL and COMMERCIAL.
The Progress Of the Erie
ur.p Il Speculation.
How the Operators 'sSqueeze"
Their Victims.
Lively Times in the Stock
a@@ Exchange.
Arrival of Stock from
1v.a England.
GOLD HIGHER.
MORE SHIPMENTS BEING PREPARED.
GOVERNMENT BONDS FIRM.
Money Easy and Foreign Elk
- change Strong.
,.T WALL STREET, /
MONDAY, July 2l-6 p. NJ. /

or .gTA su0 MONDAY, July 2l-s p. M.
al. atm THE FOREIGN MARKET
Our London advices furnish little Information Of
general financial interest. The bullion which went
into the Bank OF England on balance account was
&242 200. Cons OILS we're steady at 92K Q s2x for
money and o2,l for account. Five-twenty bonds OF
1885 sold at saK, do. OF 1867 at 93k sak. ten
iorty bonds at COX COX and new nves at s9x a 90.
Illinois Central opened at so SO, but ut the close
fell OF one per cent. Erie opened at 46K Al, but
at noon had declined to 4eH and closed at 46,i.
The agencies employed here 70 reproduce reac.
tionary influence were apparently without avail.
The new French loan commands q premium OF 6T
per cent. Rsntes were active and higher at 56.42,
an advance since the morning OF six confines.
"A rsI THE MONEY MARKET.
Considerable activity prevailed In the money
market to-day, both for cali and time loans. On
the former the rates ranged from 8 to 4 per cent.
For prime paper due In August and September the
cate u per ceut; due In october and November,
Ok per cent; due in December, per cent. Janu-
airy is heavy and not much wanted. The trust
companies and banks are dealing largely In this
class Of prime securities. Foreign exchange was
strong at 1Oox q 109x for prime bankers sixty
days sterling and 110H o 110X for sight. The
business In sight exchange was unusually brisk.
~ i-t GOLD 1907 A11e
Gold Is stronger to-day than it has been for
long time past, and with q firm undertone that
bids fair to MAINTAIN its present figures. 1t is re-
ported that Q large shipment is being made up for
Wednesday, but the amount is at present unknown.
The business OF the day hos been quite active, with
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
THE SILK TRADE OF CHINA

by mail from Canton China, We have. under date Of
May n. the following annual report Of the silk trade
of the Empire prepared specially for the use Of che
HERALp.-
The seascn-ls737 S-olosed statsticaily on the 9th
inst, showing the largest aggregate Of shilmens Of
local grown staple ever known-lt being Haoe pecgls
correspondng date IN the two previous years, iSIs
pecus last year and 10 o0 inc year bef2re unns
Increasing average Of production OF this
most valuable che export products of this province,
again confirmed l6s middle q May tho natural
close Of the silk and TO that period conform
n statistics But we may remark that al activity Of
nary since when the shIpments TO all gusrters have
that we considered tie ruling scale Of prices Tar TOO
high, and may now state that although we held
the whole Through Since tho cessaxon Of active
use equal TO soo bales OF short reecd silk originally
intended for shipment to Europe.
The new season opens later and less favorably than
good silk will DO ample.
small quantity OF new has been taKen for Bombay,
but consider II wholly Improbable that any consider
able bases for Europe will be made within per
cent Of these inconsderate prices
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
EUROPEAN MARKETS.

LONDON MoSxY MARKRr.-LoNpos, Jnly N-4is r. NJ
1865 ash 1867 9s1s tsnfortea eOK; new nvs,, gzs
Erie Railway shares A6'S 4;30 r. M.-Ene Railway
LySarocI CorroS MARKxr.--LtvxnrooI July 2l-s 80
The market aoist and steady midd!lne nplsnds $40
for speculation and export sales Of cotton shipped from
Savannah or CHARLESTON not below good ordinary de-.
Iiverabe July at d and from New Orleans not below
low mlddingS deliverable July at sxd.
LIVERPOOL BRE.Dsryrvs MARKEr-LIvERrooI- July Il
LiyrnrooI Psoy5sI9s; M1.x.E-lrHaroor. July IL
LfvsRPooL PRoDuc. MAsKsf-LavHnrooL, July n
sP. M:-Renned petroleum. lad per gallon; spirits
LONDON Psopvcn MARKEr.-Lo.Dox, July ASP. H.
Pau Roussx,-RAasA ypY ~ --frsnah rspteA 81 ~,
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
REVENUE SEIZURE.

The Government Takes Possession Of
Struggled WatciSes-Our American
Manufactures Closely S.cattated.
Colonel Frank e. Howe, Specia. Agent OF the
Treasury. was informed q few days ago mat seve'
raj importers OF watches In Maiden lane haS on
hand large lot Of timepieces made In Europe, id
imitation of American made watches, upon which
no duty had been paid. He at once proceeded to
the places designated, and seized nearly one
thousand Of these spurious tickers which are now
under lock and key In the Custom House. Ths
manufacturers Of watches In this country have
combined for the purpose Of checking this fraudu-
lent trafnc. ana even invoked the aid OF Con-
gress in their behalf but until now have been I'M
able to achieve any practical results The authority
to seize the above named goods was derived rom
Attorney General Williams, who Is Justly IN favor
II Is asserted by the leading watch companies
that there is scarcely FIRST class watch sold in
iac fact that is not initiated and palmed Oh e.
genuine. Persons purchasing the same cannot
M s :. S &c s Ss
exception that the name by which the watch ID
usually known Is purpSseiy msspe Otherwise the the
the the American Watch Company, Of waltham, Mass.
franc has been carried on in New York for long
ss % us IN sucS nth
Considerable demand, but when Congress enacted
q law on the subject they Immediately gave up the
importation and sale thereof The cheapness Of
labor ana material In Switzerland conduced
materially to facilitate the manufacture Of this
grade OF watches, and at one time the market be-
came fairly Quilted with them, at about forty per
cent less than the homemade article could be pro-
duced and they were openly sold by every dealer.
The law OF "trademarks" however, now enectually
tnterferes with this practice, which henceiortn
promises to abate the EVIL. especially as Colonel
Howe has made practical test OF its efficacy. Il
Is reported that the owners Of the seized watches
will Institute proceedings In the courts for the re-
c0YerY OF tho goods taken nom them.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
CLOSING PROCESS O'CLOCK P. n.
COMMERCIAL REPORT.

Flour Dull /. Wheat Easier . Corn
Firmer-Oats Lower-Pork Quiet.
Lard Wesk-Cotton Quiet-Coftee Held
Moro Ftrmly-sugsr Fairly Active.
MONDAY, July N-SPM.
The merchandise markets were almost univer.
sally dull to-day, and transactions were limited
save in Q few exceptional cases. Breadstuns were
dull and heavy and wheat was easier, the market
closing dull at concession OF about 1c. per bushe
for forward delivery. Sales were made ct fur
prices. Corn was nrmer under moderate receipts
and fair demand. Oats were dull, Irregular and
decidedly lower. Whiskey was 1rmer. Pork was
dull, as was lard. but both were firm. Cotton
ruled quiet on the spot, but nrmer for future de-
livery. Sugar and coffee were In good demand and
spsringly offered.
CorrEx. Tho whole market was stronger especially
for Rio. holders demanding an advance Of Nc Der
b Further sales Of cargo invoices were not
The steamer South America, with 700 bags Rio
came up to-day. We quote Rio. ordinary car.
goes lsc skc flair cargoes lSc lSc ;good cargoes
l9c. lsaxc; prime cargoes, 19<c. . lsxc; extreme
range for lots l7kc l9<c., gold per h. 80 90 days
credit; Java government bagD, 3lc &c. do grass
matD, 22c % O.; Singapore, do, lsc. &c. Ceyion,
l9c. 2oc.; Maracaibo, 9c. 2oc. Laguayra. lsc. 2Oc
Jamaica. 1870. l91<c. St Domingo. 17c l7kc Porto
Rico, 100 1916; Costa Rico ls1<c. 2Oc Malabar
1stSc 1oc; Mexican lsc. 49, Manila, 1870. l9c;
Angosura lSlc 49,; sayanilla, ls,sc: l9hc; Cura-
CorroN on the spot was rather quiet at sbont former
prices. The sales
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
PERNANBUO0 MARKET.

BY mall from South America have the following re-
Port OF the Pernambuco market under date OF July In
that city,
Stock OF hour present consists Of bbs Amer
Trieste and Hungarian ef $50 81 quiet and con
sumption limited. Froghts-Last charters Effected for
sugar, hence channel ss and pper cent per ton bal
last to Liverpool; as 2cs and per cent per ton for
closed for the Royal mall steamer Ncvs az ioAc for
bank and 1870 26c. for private paper southern news
viii tepd 70 further stifen ratcs which should opon
at an advance on above quotations.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
UTICA CHEESE MARKET.

UTICA, N. Y, July n, 1874
Cheese-The market here to-day was quite active The
offerings reached 10D boxes Of which GO sold at
c nefe we.1 NOR 500 a. zssc tnns az snv
ruling figures were n<c. l2xc. About fifty factories
At Little Falls 7Os boxes OF dairy were offered and sold
ct slc. Nc the funS price waslihc; ago boxes Of
figures were lie. 49,, number Of factories going at
i2l<c. aud l2slc, the nrst two figures ruling
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22

Speculation In cotton Il developing Yesterday $50 bales
OF cotton were received by prominent house in this
city from Liverpool per City Of Chester Not that the
supply Of the staple At this port Inadequate for the
specuiatiys purPcsss are gathering to thsmseiyess
the shorts" but In all being disposed to sell 10
spnncrs and exporters at tempting prcea hut already
nom Providence and other manuIsctlrng cities and
of coming The battle between The "buils" and the
bears" in cotton 70 unAbated.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
SOUTHERN BONDS.

\
state bonds are quiet, Sok is bid for both Issues
Of Tennessee, Georgia sevens being ssK to so,
while for North Carolina special tax 10 il bid We
quote new July South Caroinas IL 15K. Missouri
plain skies close at 93k ~, and the st. Joseph
issue 90 bid. Annexed are the quoted prices: -
Tennessees. ex-coupon, soX q s1k; do new,
eox 81; Vrg1nias, ex-coupon, AZ q IS; do.
SKIES, consolidated bonds, "a 54k; do. skies, de-
ferred scrip. 1ox II; Georgia skies, y 70; do.
sevens, SO 90; North Carolina skies, ex-coupon,
q Is; DO, funding account, 1896, 10 Is; do.
do. 1885, lsa II; do. new, Is II; d. special tax,
IL Q IA; Missouri sixes % o3h; do, Hannibal
and st. Joseph o2K sa; Louisiana skies, - q 50;
South Carolina SKIES, new, January and July, Il q
Is; d. April and October, 20 Is; Arkansas skies,
funding account, 81 q 40.
GOVERNMENT BoNDs
The market In government securities continues
strong. without show Of great activity on the
nrst day OF the week. The fact IL there Ii now
much larger demand than supply. and bankers
hnd 1t di0icut to Ill orders except IN small lots.
The prices are annexed:-Unired States currency
skies. lax 114k; DO SKIES, 1881 registered 11sK
11sx; do. sixes 1881, coupon, 119x 40; do.
dve-twenties, registered, May and November,
116x III; do. do, 1862, coupon, do, III
117k; do do, 1894, do. do, 117x 117x; do. do,
1886, do. do, l1sX . l1sh; do. do, 1857, regis.
tered January and July, 11ox NIX; do. do,
1896, coupon, do, 117x Ais; do. do, 1867, do.
do., 11sx q no; do. do, 1868, do do, 11sk a.
1lsK; do. do. ten-forties registered l14k lis;
do. do, coupon, 114X ll6; do. nves of 1881,
coupon. 115X o 1lSK.
Speculation In this stock was resumed this morn.
ing, with an attendant belief on the part OF many
Dersons that 1t would develop both the power and
the purposes Of the German pool who seem to
have It In keeping, ana are supposed to be making
"corner;r but results did not justify the expec-
tation, and so far the movement amounts to little
more than an ambitious "nurry." The history OF
the day in connection Vltn the STOCK u NOT un'n-
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22

The rates paid for carrying to-day were ok, 2 3,
3K and 4 per cent h'H-lA- t4t A..e
The operations Of the Gold Exchange Bank to-
day were as follows:- ..
Gold balances. Observation-Disclosures 2oss oss
Currency balances. 3416,022
Gross cearances. 80, 6S300o
THE UNITED STATES TREASURY.
The following were the balances In the Treasury
at the close OF business to-day
currency $s,oao,52o
Special deposit Of legal tenders for re- q un
demption Of certificates Of deposit. -. 49, 525 900
Coin. 78,930S18
Including coin certificates. ........... a. 26S 200
Outstanding legal tenders. .356, 700
The receipts In washington from internal revenue
we're $4s0,oSS. and from customs at this port,
$4,000 The Assistant Treasurer to-day paid out
$1SoO0o on account Of interest and $4,000 in re.
demption Of hve-twenty bonds. 10
fTll1 rri RAILROAD BONDS.
The transactions In this department showed
general frmness, but without the usual volume Of
business. The following are the bids as amended
thu call
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22

THE COMPREHENSIVE HERETOFORE EXISTING
4 under the name o! Hayward Valentine ct 70 Full
Asycard would b. pleased W Gee hs fispds ct the old
DA1sp JuLy n ls7a
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22

fine quotations based cotton in store running in
quality not than hall grade above or below the
Grade quoted = N. quotsdons-Low middIins, zoe. ;
frmer An Adysncs q kc on July and Lie on August
without change Of consequence The sales sum up as
10 Il 70 1880 20 a Sossc LOO At 70 iiisc., 100 a
q y = Aus9:t Jog q 1c 90 a. liSc 9ctSber
MJuy 200 q Sc 10 At ioS se 81 g g &c. 100
!. 10 Il So g 70 I'D 5's & g q Id g %
$50 q . iss 900 q isss goo At zoe 4 % i.ss;
September, 100 ct Is October LOO at 1bl6c No
yember, 100 at Hide Total 790 bales Grand total,
ilssries were a. fo!ews VIZ ay. bsacj August ns,
% &C. sepss|e q jS &c. 0ctobsf ,;lSc First
Sc; october LOO q! IKE loo At q sSsac Total too
ssDss%sss 4 Is ScSSsT lS q
csp & the port = Ssss New Srlesn;
mIngton, So Norfolk sH; BstmoEs 81; New York, sss;
Boston s: rosa AsS& This day last week, as This
fLoUa AND dsxrx- Receipt-Flour 1885 bbs wheat.
60 bushels corn, o. LES do meal LOO bbls and
la bags oats s. 2t2 bushels rye $500 do The -four
change. The sales embrace 7700 bbls Corn me al was
afoad -
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
NEW YORK HERALD. TUESDAY, JULY % l87sTRPLE SHEET
COTTON PROM LIvHRPoor.

PErRoLuuu MARxrr-Aurvrsp Julv N -p.troisur.
S9f for dne pale American. -'
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
BANKING HOUSE OF FISK 1 HATCH.

x No S sM;.. Jus s1 r. III,
We recommend to our friends and customers for In
ve.tment of surplus capita. OF in exchange for Govern
| tcnt Bonds
The Chesapeake and Ohio seven per cent Gold Bonds
principal and interest payable in gold coin In New York
interest payable January and July COUPON or regis
tered. Price 90 and accrued interest
The Chesapeake and Ohio Railroad IL great East and
West trunk line, 40 miles in length extending from,
Atlantic tdewater at Riohmend 70 Huntington. tho mos.
favorable point the railroad connection with the Ohio
River, and developing the richest iron coal and timber
regions In the United States
Il completed ana doing aisrs profitable and rapidly
increasIng business. S7''-. ''''.'
IT. freight ranc passenger travel and earnings durins
the current year will DO much larger than has here.
tofore been anticipated and they are developing with
rapidly which shows the Chesapeake and Ohio to DO
one Of the most valuable and successful railroads in the
country.
These facts together with substantial and enduring
character Of the road ITSELF its advantages for sconom
ical and profitable operation, and the unquesonable
security of the bonds Of the company enable Us 70 rec.
ommsnd them with the utmost confidence.
Pamphlets. containing full information concerning the
road and the country trsverscA will furnished upon
application.
We continue deal in Government Securities Central
Pacific, Western Pacific and Chesapeake and Ohio six
per cent Bonds buy sell and bonds at the Stock
Exchange on commission for cash, make collections
receive deposits on which we allow interest at the rate
Of per cent and do general Banking business
- FISK 4 HATCH.
money e loan on @
u UHLMANN 4 CO., BANKERS, 40 BROADWAY,
n execute orders for Havana Lottery wholesale and
Once "P Pos ss once box a AA'nA0s' ana
T .oANs ON LIFE INSURANCE POLICIES AND
IL other securities in large and small amounts. at IS
NEW YORK GENITAL AND .
IN Hn9 s'es, s MSf'ss ssf SSsas Co.'S
1 p5;:ss;: IA, : "a PS $aI Ss.'
essgss ssr ssss: ss saoo Zach
Price los and accrued Interest
A0' '''' " DAVIS . FREEMAN,
% Exchange place.
TRADES SAVINGS BANK. as WEST TWENTY.
eTa scss Sssrns per s isn ssus
:slsy registered bOnds deposits now draw interest
VXTANTED-LOUISrANA BONDS AND PAST DUE
Coupons o Georgia ,.p past due Bonds, Tsnns.ee
Central Sasoad bond
and Ohio A asis H sS ss sss sss
W. Jersey City; $4,000 immediatey and. $4,000 when
building completed The entire building will cost
ol6.0O0 AddrcssA ,. O. Herald office. -
0110 0C\0 MONTY TO LOAN ON AND TO BUY
Yl1V.UUU: nrst second and ieasehold Mortgages
Apply to JOSEPH BLAUT 2o3 Broadway, rooms Nos
OBSERVATION-DISCLOSURES.
DISSOLUTION OF coPARTNRRsHIP.- ALL
fore existing between T. Han, Of New Yorf, and 8 B.
Van Dyke, OF Brooklyn and known as Hall Van DYKE
dissolved the 18th day of July All the accounts
OF the arm viii be settled BYE. HALL.
NOTICE rs HEREBY GIVEN THAT THE COPART.
ner,hip heretofore her existing between the under
wholesale and retail clothiers Savannah, Ga. was dis
solved BY Limitation and mutual consent tho 10th day
-.
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
HIGHEST AND LOWEST PRICES
The following table shows the highest and lowest

sErie, cash, 6t-&
In Philadelphia stocks were inactive. Reading
was quoted at 1loX, and Pennsylvania at 1osk.
SALES AT THE NEW YORK STOCK EXCHANGE.
nea Monday. July 21-l0s15 A. M.
$1,000 US SIS. l0-4o c.. ll4A 5000 Us ys c. 49, 80 Il5k
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22
COPA aTyEnsHIPs.

nIssoLUTIoN OF COMPREHENSIVE. ALL
- whom y may concern The e2partne ship hereto
Van Dyke Of Brooklyn and known as Hall Van Dyke,
was dissolved on the iSta day Of July All the accounts
NOTICE IS HEREBY GIVEN THAT THE COPART.
~ nership heretofore existing between the under
Wholesale and retail clothiers Savannah Ca. dis
solved By Limitation and mutual consent ON the 10th day
The AFFAIRS Of the copartncrship win be settled BY p
Aa'0mOsr' one Of the 's'' firm. A a c8sHAk
The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1873-07-22

No. s NASSAU STREET, l
NEW YORK. July 81, 1873.
The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1873-05-02

GRANT has not only incurred the
wrath of the Civil Service Commits
sion by his disregard of its rules in
his recent appointments, but has call
ed down upon his head the indigna-
ton of many of his late Jealous
partisans. The following dispatch to
the Chicago Tribune of Friday tells
of the detection of another leading
supporter of the second and third
term policy:
The Baltimore American. the lead
ing administration organ in Maryland,
comes out this morning with an at
tack on the President, charging him
with the Abandonment of the civil
service reform rules. The animus of
the article is caused by the removal
of all the American. Republicans from
Office. The new collector of Balti-
more, who entered on his duties on
yesterday, made clean sweep of all
the employees of his Office and ap-
pointed their successors in utter disre.
gard of the civil service rules.
The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1873-05-02


n San Francisco the Republican
party is up to the average standard if
we are To believe the Chronicle, n
leading party organ. This is the
shape the party is running in 1t pres
ent, according to that journal:
The Republican party in San Fran
cisco, aud 10 less degree throughout
the State, is under most disgraceful
leadership. We shall not follow that
leadership. We have seen, upon one
occasion, disastrous consequences re.
sulting to that party. When a cor
rupt village politician, by all the
meaner appliances OF party machinery,
set in motion by ward loafers, stole a
State Convention and caused himself
TO be nominated for Governor, the
good men of the party rebelled against
the conspiracy, and, from a majority
OF IS, 100, the Republican party was
beatep 10000. Since then party rules
have relaxed, party obligations have
lost their force, and the same leader
ship, supported by the same ragged
rank and file, the same small country
journals, the same corrupt Conr,
House politicians, will bring that
party to the same unfortunate end.
The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1873-05-02

A SPIRITUAL SPEcULATloN.-Far-
mers are generally very material and
conservative in their views. They
do not take to new ideas and notions.
Farmer John Mitchell, of Paradise
Valley, California, is an exception to
the rule. He owns 10000 acres OF
the best land in the State. He is also,
IN that respect, an exception to the
majority of farmers. This resident oi
Paradise believes in spirits-not alco-
holic, but ETHEREAL. Under their infu.
ence and adfice he holds 5000 tons OF
last years crop of wheat, and has pur.
chased 5000 more at an advance Of
two cents, making 6,dQ0 tons. His
faith is strong, and if the rain should
hold of much longer the result ii
likely to prove that his confidence
was not misplaced. On the contrary
with one more good shower, the spir
itual expectations of Farmer Mitchell
for an advance of two cents for his
6,000 tons OF wheat, would vanish
like the baseless fabric of q vision
into thin air.
The state rights democrat. [volume] (Albany, Linn County, Oregon) 1865-1900, 1873-05-02
STILL COMING DOUN.

We are told that the Holladay line OF
river boats have reduced the price of
transporting wheat from Albany to
Portland to one dollar per ton. or
course this material reduction (being
only one-tbird the price asked by the
opposition line) will enable wheat buy
ers who ship by the Holladay line to
offer five or six cents more on the
bushel; and the grave question now
comes up-"Wili the farmers sell to
those patrons of the monopoly for the
advantage of this slight present ad-
vance and thus assist in crushing out
the opposition line OF boats, and ire
vocably forging the monopoly's chains
upon them? 2" This is momentous
question, which we have no space to
further present this week, but leave
our producers to ponder upon it.