The New York herald., 1873-11-18
THE MONETARY SITUATION.
Effect of the War Rumors en-
Wall Street.
RATINGS OF FOREIGN EXCHANGE.
More Failures, but OF No Great Consequence :
Kenyon Cox & Co.'s Afairs-Daniel
Drew Puts Up Collaterals-Stock
Sales-Imports and Exports.

The war fever rules the classic precincts vi
Wall street and Exchange place, and while ths
quotations OF stocks, bonds and the rates OF goio
absorb the interest OF the speculators they' never
theess, fnd time in the intervals 10 uiscuss'
Spanish atrocltles.n "cold-blooded murder"
"War to the knife and the knife to the NIT, ana
so on dd ltottun,. 1t is rather astonishing that
men whose sole attention Is absorbed III hnanciai
uncertainties, should have any interest IN pontlcai
events Yet, when viewed III the proper light, the
present entanglement is Of the utmost Importance
TO the moneyed interest. Upon the issue whether
It be war or an abject peace depends the stand
ing and values OF the American securities. If
tnts country contends manuly for the vndcation
OF its honor the United States colateras win be
held in higher esteem. II, on the contrary,
humiliating peace prevails, American bonds must
decline in proportion. These views were freely ex-
pressed to the writer yesterday by the most prom.
inent bankers and brokers on the street.
FOREIGN EXCHANGE.
The same gentlemen who have kindly given in
formation to the HERALD relative to the statas OF
foreign exchange, being called upon yesterday,
gave their opinion substantially to the effect that
foreign exchange is weak. Rates have been
lowered from last weeks quotations, viz, 1861 for
prime so days bills and 1854 for sight bills, as
against lot and 100 respectively. In many IN
stances actual business is even below these rates.
AS partial explanation for the decline the bank
ers aflrm that $15,000000 OF called 1928 (under
date Of August le matured yesterday, and 1t is
more than probable that the settlement OF these
bonds by the Syndicate with the treasury has
wrought the change in the quotations. The new
five per cents of 1884, into which these called bonds
are changed, have been Tor the most part taken by
Germany. II the payment by the Syndicate should
be delayed rates OF exchange, under such circum-
stances, would be calculated to stiffen, and this
movement would evidence the probability that the
settlement has been promptly made.
A SMALL FAILURE,
amounting to an almost inninitesimal sum- has
been reported on the street yesterday. The failure
involved the delivery OF 800 shares OF Central hail
road stock 1t Is stated good authority that the
broker concerned In this affair VIII give up his con-
nection with the Exchange and the street.
A LARGER FAILURE
was that or Beard Il Cummings, dealers In teas,
cofrees, &C., OF No. 2.9 Front street. which hap
reality generally known until yesterday. The firm
make the usual statement Of hard times, the i'm
possibility OF making collections ana they promise Use
every dollar they owe. Messrs. Beard Cum
mings have always enjoyed good reputation in
their line Of trade and have the ull sympathy OF all
who know them in their misfortune.
In the matter OF
KENYON cox CO.,
1t will be remembered that proceedings were CON-
menced by MI. Scott against the firm, including
Daniel Drew, also partner, to place the same In
drawn. Since then new assignment was made
TO Mr.. Scott OF the real and personal property OF
the firm OF Kenyon Cox IL Co. lor the benefit OF the
creditors, to be divided pro rata, with the inunc-
tion that no sale oil the assigned stocks, bonds or
other securities is to be made within SIX months
ten consent Of Daniel Drew, S. D. Babcock or Their
legal representatives pus II neither OF them con-
fsents then one-half may be disposed Of and the
balance sold on the expiration OF one years time.
guarantee to pay $500 500 within Is months with
ample security, has been furnished by Mr. Drew.
At the Exchange SaesrOom, No. Ill Broadway,
Messrs. Allen, Dooley 4 Henriques sold yesterday,
for account oil whom IT may concern, the annexed
list OF seCurities:--
800 shares Columbus, Chicago and Indiana Gen.
'Gral Railroad Company stock sleo each; 200 at
10 shares Cleveland, Columbus Cincinnati and
Indianapolis Railroad Company STOCK, 500 each,
at 6Sss.
10 Shares Philadelphia and Reading Railroad
Company stock, $50 each, at 103
1000 shares Union Pacific Railroad Company
stock, 800 each 500 at 205s, 500 at 20%.
10 snares Pacific Mail Steamship Company stock,
26O shares Hannibal and st. Joseph Railroad Com
pany stock, 500 each; 100 al 2S7s, loo at 29.
30s shares Lake Shore and Michigan Southern
Railway Company stock, 800 each; 100 at 6714,
208 at CTS.
RAILROAD MATTERS
are rather quiet. The annual dividends OF the
various corporations are being slowly made. Thus
far the Pennsylvania Railroad and the Cleveland
and Pittsburg Railroad Company have declared
divdends-the former five per cent scrip, payable
December 6, and the latter guaranteed quarterly
dividend, at the rate OF seven per cent per an
num- payable on the 1st prox
TRAFFIC OF NEW YORK.
From the following figures 1t Will be seen what
an immense amount OF trade this city has effected
during the past ten months. both in imports and
exports and the duties paid to the government,
the whole being a comparative statement for three
years.
FOREIGN IMPORTS AT NEW YORK FOR THE MONTH OF
OCTOBER.
1871 1872 1878
Entered for consumption Sl743719 S53s,sA Sll,dS9la
Entered Tor warehousng. lU,5l55H S4s6,2H g,lsS567
Free goods. 2,3Ol6ll 6s67654 649s i73
Specie and bullion. $3.50 262,9i6 9,Sb9,559
Total entered port s30G4557 $50 9l9osS $37 17S3
Withdrawn from
house .............. l0sS2O9T H. 6692 1851 49i
FOREIGN IMPORTS AT NEW YORK FOR TEN MONTHS
FROM JANUABY l.
1871 1872. 1873
Entered for consump-
ton S1sl 52O229 STA 6S6 901 Sl54 94 4s7
Entered for
housing .......... 12le6S70j 1876 4357l7 100 s27
Free good. 2,SSl7sg 44,Ss66l2 74453 800
Specie and bullion... 6s92,t2S 5,26542J l3,71,3I6