The Cincinnati daily star. [volume] ([Cincinnati, Ohio]) 1875-1880, 1875-10-19
New York.
Business and Financiaf-CFimin al
N0teS-SeiZWre of Laces-Failure,

Business and Financiaf-CF CFilnin al
Notes-SeiZWre of Laces-Failure,
Etc.
NEW YORK, Oct. 19.-The Evening
POSTS money article says the week opens
on Wall street with securities strong
and higher, and with no change Of i'm :
portance in gold or foreign exchange.
General trade up to the present time
this season has been fairly good; buyers
have been careful to take only such
amounts as they could pay for, and col
lections have been excellent. 1t is a
tact that prices of goods have never been
so low, and that there have been heavy
losses on them to manufacturers; fair
profits have, however, been made on
goods alter leaving manufacturers or
their agents hands. AS to how trade
will hold oil remains to be seen. Thehand
to mouth policy of buying should extend
business over a larger period of time.
The course of Financial affairs during the
winter depends very much OH the export
trade OF the country. We have raised
an immense crop oflcotton and cerrals.
Ii these crops can be moved to market,
and we can, without obstruction, ship to
Europe all that it will take, the winter
held back, or are kept back, which may
be the case from variety OF reasons, the
affairs may take a turn between this and
spring, such as would not he welcomed.
The withdrawal OF currency from New
York to the West and South during the
past two weeks indicates a large move
ment OF crops, and is, for reasons we
have noted, the most encouraging sign
Of the times. Referring to the ex-
change market 1t says, as we
have all along maintained, that the
only relief to the exchange market and
to the export trade is the considerable
increase IN the stock of specie here,
which is down to what it is by reason OF
the Treasury policy under the legisla.
tion of the last Congress. 1t is a matte +
of the first Importance to every interest
in the country that exports that the
trade should be relieved OF the embar.
easements which grow out Of the present
scarcity OF gold. The receipts Of gold
from London thus lar have been small
but San Francisco is beginning to send
considerable amounts, shipments from
there during the last six days, including
to-day, having been 81, ,4So,50J.
At a meeting of the depositors Of the
insOlvent Third Avenue Savings Bank,
to reorgaDiZe the bank and run it fol
the benefit of deposjtOrs, held to-day
they claim that the institution can be
made self-supporting, and this would
enable the receiver to hold the real estate
until higher prices can be obtained.
Michael Finnell, the murderer of Nee
O'Baldwin, was arraIgned in Oyer and
Termlner Court to-day. A special plea
was entered, and prisoners counsel ad.
dressed the Court, claiming. his client
ought TO be indicted for manslaughte
only. The prisoner was remanded.
The alleged murderer Of James Ii. Noe
was arraignsd in Oyer and Terminel
Court to-day, and pleaded not guilty.
special plea was entered, dispelling the
legality of the Grand Jury. The prison
.er was then remanded.
To-day MIR. Jewett, Receiver of tn,
Erie Railroad, filed his report OF receipt:
and disbursements from July to Aug
3 inclusive. The following are the tota
receipts: $4,942,5l6; disbursements, 81,
58S,8-4; balance, $373, 592.
New YORK, Oct. 19.-About $500
worth Of lace, silk and velvet trimmings
jet goods, beads, &C., recently imported
from England, but undervalued in tht
invoices presented to the custom officers
were seized, yesterday. The capture o
the original invoices led to the discovery
of the attempt TO defraud the revenue.
John III. CuthberL & Co., whisky recti
fers, at Burlingslip, suspended yester
day, and made an assignment OF theil
property. Their liabilities are $3.50, 900.