The New York Herald Newspaper, April 8, 1873, Page 10

2 FINANCIAL AND COMMERCIAL, | ‘Recurrence of the Stringency in the Money Market. "Theories of Its Natural and Its Artificial Origin. °GOLD DULLER AND LOWER. The Clique Pointe in Their Operations to Study the Situation. ACTIVITY IN GOVERNMENT BONDS. pester ee A Farther Advance in Prices Upon Whole- sale Orders from Europe. EE 67S SELLING AT 119. THE A Rise and a Subsequent Fall in Stocks. “BREAK” IN HARLEM AND PANAMA, WALL STREET, Monpay, April 7—6 P. ‘w.} ©n ‘Change to-day cotton was quiet and steady for spot, but 4c. & -16c. per lb. lower for future, Flour remained dull. Wheat was quiet and easier. White corn was also quiet, but about steady, A HOLIDAY ON GOOD FRIDAY. ‘The Stock Exchange will remain closed on Fri, @ay next, and-contracts will mature as if the day were a holiday. The banks will be compelled to remain open, as the day is not a holiday by law. COMPARISON OF THE IMPORTS. ‘The total imports of foreign merchandise at the port of New York for the week ending April 5, and since the beginning of the year, compare as follows :— For the week. 1871. 1872. 1873, Dry goods........$4,274,151 $5,429,901 $2,104,060 Gen. merchandise 4,260,268 258, 7,215,951 6,472,013 eens'9 $8,549,400 $12,645,852 $7,570,073 re Feported...., 93,202,171 ” 99,707,452 11373821540 Since January 1. $101,745,580 $12,353,304 $120,908, 613 THE FOREIGN MARKET, The London quotations snow a further improve- ment in consols, which fact is greatly at variance ‘with the current fears (on this side) of another ad- vance in the Bank of England discount rate. Our bonds were steady and in seme instances firmer, despite the rise in gold here and heavy shipment® @f bonds from New York to London. Erie shares Were unsettled and better, and advanced to 5145, but fell back to 60%. French rentes in Paris were higtier at 56.15. MONEY STRINGENT, ‘The money market opened with a promise of an early abatement of the current stringency, lenders q@uring the forenoon being quite content witha censideration of 1-16 per cent for the use of money on call. As the day wore on the demand increasea until, towafd the close of banking hours, borrowers had to pay as high as % and interest, equal to ‘bout 98 per cent perannum. Bank accounts were again deterred nearly half an hour beyond the regular time, the dealings in money after three e’cloek being at 316 percent. It will be noticed that these transactions are a signal illustration of the evil which formed the subject matter of RECORDER HACKETT’S CHARGE tothe Grand Jury to-day and serve to point his moral. Whether anything practical will result from this agitation of the infraction of the usury laws remains to be seen. A few years ago the Grand Jury did indict and the District Attorney convicted and punished quite a number of Wall street usurers, including some eminently respect- able bankers, and the practice of usury went into @isuse for a season. But, as we have seen the past week, Day the past six months, the practice has een revived. The operations of the conspirators tm locking up money have never been so artfully concealed, Heretofore it used to be @ sim. ple game of getting checks certified or withholding the greenbacks from circulation; but all these tactics are out of date and fashion. It is said that one part of the plan has been to hire firms in other cities to draw on New York for ereenbacks, and it was reported to-day that about $4,000,000 had been sent in this way to Philadelphia since Saturday morning last. Another way, and the more successful one, has been described as follows: The clique borrow stocks early in the day with the understanding that the rate shall be fixed according | to the prevailing terms in the afternoon. By th ‘me the transaction is to be completed, the cliq. ran up the rates for money, and thus secure their own terms for carrying the stocks they have bor- rowed. With all the allegations of artificial strin- gency, there is no doubt that a great deal of the e@carcity of money is due to the cancellation of CONTRACTS IN FOREION KXCHANGE by stock houses to whom the opportunity was afforded by the decline in rates of sterling bills the past two weeks. Every share of stock thus deprived of the support of the foreign market nas been thrown npon the local market and has entered into competition with tne already numerous borrowings of local capital. However, a further gleam of hope is afforded in the continued receipts of currency from the interior, which will within a brief time afford relief from both artificial and natural stringency. Commercial paper continued nominal and neglected, Foreign exciange wae steady and mnchanged, or rather the market was too dull to ‘test rates. A good deal of exchange is being made against bonds and cotion, but where the holders are not pressed for money they are allowing their credits to accumulate on the other side. GOLD LOWER~-11944 A 11844. The gold market was heavy and feverish, the speculation being left to the whim of the Gold Room, as if the clique leaders had temporarily allowed the movement to take care of itself. Fail- Ang their support the price declined trom 1191; to 118}, and closed at 118%, The demand for Cash gold was active eneugh to enable lenders to have tmeir gold carried on pretty easy terms as com- pared with the outside rates for money, The course of the warket is shown in the table:— 8 a 118% In the gold loan market the rates ranged from 1-82 Jor carrying to flat for borrowing. The opera- tions of the Gold Exchange Bank were as follows :— $102,385,000 + 1,987 + 242,502 The Sub-Treasury paid out $36,000 on account of interest and $6,000 on account of redeemed five- twenties, THE RAILROAD BONDS. The railroad bonds were in good request, but actual business was below the recent average. Union Pacific bonds were barely steady, but the sSenerai list was tirm, Cleveland and Toledo sink- ing tunds sold at 102, and Reck Isiand sevens at 104. Boston, Hartiord and Erie firsts were wanted at 30, The following were the bids at the regular call as amended by prices in subsequent deal- en york Cen Cs. ree mu ‘To! & W ist m, StL div 89) Feld Wat eaip ba red Bap sa ves let mi. uiney a sol iste jai & Chic extended. Gplene @ vine cd... 9 hi Vac NEW YORK HERALD, TUESDAY, APRIL an 1873.—_QUADRUPLE SHEET. J Fouthern Istm 76 Pitts, FW 106 Glev yf: $8 Chev & Pitw! 88 Chic & ot Chic & a 0335, 0” Chic & Alt 93. 99 Ohio 4M 93 0434 Ohio & Miss con 9234 2" Ohio & Miss 2d m, can.. 86 Hdioux City Ist... 85 Dub & Sioux Uity,2a div 85 Peninsula Jet m, con... 9 Bt Lous & Iron We ste. 95 SL Mia th iat i PD 107 9 = MABtP Ist, 73-10, PD Pac RR 7's, gtd Mo..... 97) M&StP ist'm, Lac D. 88, Cen Pacitic Kola bis...) M 4 StP Ist ms L& MD: 85! Western Facitie bus, M # St P Jstn, © 4 M.. 30 Union Facifie istn..!! 864 Col, Chic & Ina Ost. Union FacincLs fy 74 Col, ind By. nion Paci Tohy Jiinois Cen 7 ee ce nal Tol, ro Ais ter tam, ihe. SL Tol 70 chic i“ m. * " bahia: ie. Rare rua Bur. C Nate ‘& Wav Jet m, ex. 90% SOUTHERN SECURITIES DULL. The Southern State bonds were dull and quiet. The Tennessees were lower. The April and October issues of new South Carolinas, which have been creeping up'lately, sold at 27. The following were the closing quotations :—Tennessee, ex coupon, 80 a 8034; do., new, 80 803¢ ; Virginia, ex coupon, 442 47; o., registered stock, old, 86/a 40; do, sixes, con- solidated bonds, 51 a 52; do. sixes, deferred Scrip, 13% @ 1434; Georgia sixes, 70 a 78; do., sevens, 87 @ 90; North Carolina, ex coupon, 29 a 82; do., to North Carolina Railroad, 57 a 60; do., funding, 1866, 19 a 25; do., do., 1868, 19 a 22; do., new, 17 @ 18} do., special tax, 13! a 14; Missouri sixes, 93); a 94; do., Hannibal and St. Joseph, 90 a 91; Louisiana sixes, 45 a 47; do., new, 42a 47; Ala- bama fives, 55 @ 60; South Carolina sixes, 30 @ 40; do., new, January and July, 18 a 19; do, do., April and October, 26 a 80; Arkansas sixes, funded, 40 a 42, GOVERNMENTS BUOYANT. ‘The government list was buoyant on orders from Europe, the demand for which market could not be supplied, owing to the scarcity of bonds, One German house took nearly a million of six per cents to-day and had orders for twice as much, which could not be executed, The ’67’s sold at 119 and the sixes of 81 at 120%, and both issues held the advance despite the subsequent decline tn gold. Even the currency sixes were firmer, with sales at 114, The rise was all the more remarkable as a good many out-of-town investors, inclading some savings banks and country banks, sent in orders to sell bonds, owing to the temptation to secure the profit of realization at present prices on bonds bought in the Winter or previously. As to THE FOREIGN DEMAND, it shows the popular undercurrent of esteem in Europe for the United States government and its credit, which the Bank of England and the London press cannot repress or divert. The foilowing were the closing quotations:—United States currency sixes, 11344 a 114; do. do,, 1881, registered, 1174 a 117%; do, do. do. coupon, 120% a 121; do, five- twenties, registered, May and November, 1133, 118%; do, do, 1862, coupon, do., 11734 a117%; do. do., 1864, 11735 a 117%; do. do., 1865, do. do., 119% a 120; do. do., registered, January and July, 116% a 117%; do. do., 1866, coupon, do., 117% a 43 do. do, 1867, do. do., 1187 a 119; do. do., 1868, do. do., 1175; a 118; do. ten-torties, registered, 11134 @ 111%; do. do., coupon, 112% a 113; do. fives of 1881, registered, 114 a 115; de. do. do., coupon, 115 a 11534. CORPORATE “ELECTIONS, The following gentlemen have been chosen a committee to make nominatiors for officers of the Stock Exchange, to be voted for at the election on the 12th of May:—Messrs. S, C. Hay, George W. Ely, S. W. Patchen, L. Joseph and S, F. Lockwood. This selection is equivalent to a renomination of the present executive officers of the Board. The stockholders of the Second Avenue Raflroad have elected the following Board of Directors:— Thomas Crane, Edward Haight, Waldo Hutchins, Julius Wadsworth, Le Grand Lockwood, George Bell, Joseph Richardson, Augustus E. Masters, John J. Donaldsen, Solomon Mehrbach, William 8, Thorn, Frederick de Billier, James D. Fish. For Inspectors of Election for 1874—John H. Piatt, Cyrus H, Lou- trel and Jacob F. Oakley. The annual election of the Panama Railroad Company resulted in the choice of the following new Board of Directors by a unanimous vote of 47,152 shares :— 8. L. M. Barlow, Edwards Pierrepont, T. B. Mus- rave, A. Be Stockwell, J. M. Burke, G, G, Haven , A. Hovenkiss A. Masterton, 'T. J. Harriot, H. V ‘ Gray, L. S. Stockwell, C. A. Avery, F, W. G, Bel lows. STOCKS UNSETTLED AND LOWER. The stock market opened strong, and prices for an hour or so improved 34 a % per cent, on the ex- pectation of early relief in the money market, Erie rising to 64% in response to this influence and the additional effect of the early advance in the London quotation. An active movement in Western Union Telegraph caused a rise in the price of that stock to 85)4. All this improvement was rapidly lost soon after, when the stringency in money recurred, and the market eventually went to still lower prices, Erie, Western Union, Pacific Mail, St. Paul and Wabash declining an average of about one per cent. Harlem was demoralized and tumbled from 129 to 1243, while Panama fell to 10334. HIGHEST AND LOWEST PRICES. ‘The following table shows the highest and lowest prices of the principal stocks during the day :— Lowest, vhed York Centr: 1014 Nise 63% Take Shore. 9116 Wabash... Northwestern % e + (No transactions.) sorthwestern preferred . (No transactions.) ioek Island. 113% 113 St. Paul... ++ 591g 5835 St: Paul preferred + The 743, Ohie and Mississippi. Ab ig 44% Union Pacific. bore 33% C., C. and I. 39 885% years ) nion Telegraph. bk @ Bag Paciiic Mail.... teense 51% 6% In Paitedaibnia Reading was lower at 115% and Pennsylvania heavy at 112%. SALES AT THE NEW YORK STOCK EXCHANGE, Monday, April 7—10:15 A. M. $10000 US 6's, c, "81. .0 120% ae ¢, 67..¢ oes li 10000 do. ss 120% 15000 8% g000 US 5-80, be 13% rf 1600 US 6-20, €, 66,"n.. 7 "4 a vee Tel... Bi do do.. 100 do. 30 Panama RR 200 do. 20 M & St 400 do. 200 Harte m 5u0. 100 T, wa W RR. 2008, Wa EK RR m~ do. 8006, C ATU RR Board—10:30 A. M. 300 shs NYC & HR. DS 101% 200 da OD aa Y beta 300 06 ALO Ist ms. 10006 C&T 02d 1000 Chic #Alt Ist! | 5000 North Mo lat. . 10 shs Hanoy (10 Ger-Ain Ba Biaey EEseateE a —— = Second Board—1! P. M.. $5000S CO's, n,A& 0.. 27 1800 she Pac M 88.. 1000 Con Prac iefeyd bs 102% ow 0. 4000 Mac! h South stb 104: Keun Fac Ist 8000 Harlem, ist m.... n Co..b6 a 50 Tinois Gen RR. 60 Cley & Pitts gtd. 400 Mil a str Hl lo. UI 100 shs Con Coal. 100 U 8 Ex Co. 10 Adams Ex. 300 Wells- Fargo Bx. 100 West Un Tel. 1900 di CLOSING PRICES—4 0 O'OLOOK P, M. Western Union. we . BA Uaton Pacific. uicksilver. ww ie iuicksilver p ‘anama. Northwest'n Be Bia Adams Ex. Bork Geet 4 a a COMMERCIAL REPORT. Cotton Quiet ; Receipts at the Ports 10,823 Bales=— Flour Duli—Wheat Lower— Corn Dull—Oats Active and Firm— Pork Firmer=—Lard Steady—Groceries Quiet—Petroleam Firmer—Spirits Tur- pentine Nominally Lower — Rosin Stcady—Whiskey Unchanged. Mowpay, April 7—6 P. M. CoFFkE.—The market continued quict for all de- seriptions. Prices were unchanged, and, if any- thing holders manifested more firmness. We have only to note a sale of 729 bags Maracaibo, ex Im- pulse, on private terms. We quote:—Rio, ordinary cargoes, 16%. @ 17¢.; fair car goes, like, @ 17%c.; good cargoes, 18\%c. a 18%¢c.; prime cargoes, 18%c. @ 19c.; Java, government bags, 20¢, @ 21c. ; do., grass mats, 19%c, a 214c,; Singapore, 16}sc. a 171s¢.; Ceylon, 173¢¢, @ 183¢¢.; Maracaibo, 18c. a 19c.; Laguayra, 18c, @ 1934¢.; Jamaica, 16c. a 18¢.; St. Domingo, 15346. a 16c,; Porto Rico, 18¢, a 19¢,; Costa Rica, 18c. a19¢; Mexican, 17}gc. a 18}yc.; Manila, 17¢. a 18c. ; Angostura, 1734¢. a 183gc.; Savanilla, 17340, a 183g¢.; Curacoa, 17}4c. & 183¢¢., gold, per Ib., 60 a 90 days’ credit. Corron.—The demand for spot cotton was limited toa few export buyers. The general market was quiet at previous prices. For future delivery the market ruled easier, closing at 19 5-16c. for May, 19%c. for June, 19%e. for July, and 17gc. for October. We sum up thus ;— To-Day. Sat. Prening. Total. Export... 4 2805 "ors Consumption 6 ‘215 Specuiation.. = ‘ Total... 983 3208 —Included in the above are 100 bales to arrive, For future delivery (basis low middling) the sales have been as follows :—Sales Saturday evening, after one o’clock— April, 100 at 18 15-16c., 400 at 19¢.; May, 800 at 19%¢.,.1,200 -; June, 600 at 19%0.; July, 100 at 19 300 at 19%e.; October, 100 at 1730. Exelfange—Xc. paid to exchange 400 April for June. Total, 8,600 bales, Sales to-day up to three P, M.— April, 700 at 19 1-16c,, 500 at May, 800 at 19%¢., 200 at 19 7-16¢,, 600 at 1934¢4 300 at 19%c., 200 at 19 7-16e., 1,600 at 193¢¢., 100 at 195-16c, June, 400 at 19%c., 100 at 19 11-16c., 800 at 19%4¢., 300 at 19 11-16c., 200 at 1: 800 at oie July, 100 at 19 15-I6e. iio at Tikes, 100 atly -i6c., 20 at 1 eee: at ge. Total, 8,700 bales. ‘Grand total, 12,300 bales. The Teccipts at the ports sum up. as follows: Galveston, 60 Bale: New Orlean! Mobile, 1,896; Sava vine, Charleston, 670; i 102; Nortolk, 1,188; New York, 807: Boston, 9. Total, 10,823. Thisday i 4 week, 7,907; this day tast 4,953. ‘Rates on cotton fo foreign ports were firm at the following figu 1 Fteam, 1c. a Hie. ; sail, Ic., compres «| steam, S9d., compressed ; to Brew sail, He; to sie steam 3ga.j May, sail, 34d we quote nds Alabina. New erie Texas, Ordinary. 1534 15% Good ordini Thy 17g re Strict good ordinary i I 18% i Low, middling 18 13% Ws, Middting.. ade quoted. as ae a AnD Gratx.—Recelpts—Flour, 18,258 bbs. 7,400 bushels: corn, 29,100 do, ; corn maa cd bbls. 16,600 "hush The flour ontinued dull, necessary rder to realize to any e sales aince our last (principally in. small ‘parcels for local use) foot uj about 8,000 bbls, at prices within the range of the pended quotations. Corn meal was firm and in Fately fair demand. Sales 680 bbls. at_8420 4 $8904n store and $3 40 a $340 delivered for Western yellow. We quote ic tate rfine a Btat Choice Sta Sapertine Western, Extra Western. Extra Minnesot Round hoop Ol Rottnd hoop Ohio, trade bi Fam't St. Louis, low extra, Bt Louist straint extia eG ek PERE E MESSSSVSSSS Sse Sesssnssy Southern mpertine . Southern extra Cornmeal, Wesie Cornmeal, Jerse Cornmeal, Bran Caw: 27a tere Ww market was somewhat éasior, ghasers were slow to invest. ‘The sales pa ushels, including | load of No. 2 Milwa i % 1 65 afloat; rejected Spring at $140; ana i ‘amnlt Tot of White wheat on private terms, wither, gescripsions were Romney 10 No. 2 at $158 a $1 62; = 75 8 $1 8% for red if Fd ae wast tet 4 oer a rh was ao but avout va ady in price. The sales ager Is al d3e.'n 08!se. for old. Western mixed Im tore; Seno om oh ATO afloat; (4c. for new fontern mixed ‘afloat; hee ith ite and 780, a The. Zs: frm and the demand. The salen foot up fully 66. C bushels at Stc., in store, and 5: oat, for old State White; Sie, asked for Old Western mixed in store rE poor to choice new black Western, Western mixed ibrar oo ‘Sac. Loh a tor BIg ae new white do lous ae neers, sw. 6 hice de ae at $120, ‘his was entirely nomi hs seat mere @ a picasa NGuTs.— Bert rm. ; Vessels for charter met with @ juiry, principal Soe teres table tithe pelsolewe tent were, tayores weak, To Liverpool by ' ol by steam, 1 cheese, on vate ter! was Ted, 08a by 8, Tat a 1,000, nine “four, 2. 6d. The cl brig, hence to Liverpool, 2200 Dbls. residuum, 6a. ; a Brit- fon bark, ence ta 1 fOr orders 2.000 bbls. o . Wii prions ot the A mae ai7s Gis a German rig hence to ecaban is. rosin, on private terms: ® Saturday fy hence to Cork arters grain ate 80." ors it direct, 6. 6d., and it 180 aries Part 10 per cent additional: an italian bark, from Philade!phia to Gibraltar tor orders, 00 bbls, reflngd petroleum on private terms; an Italian et do., t! cy me voyage, OD “Private terms: a Norwe ae sae rom do. to Bremen, Gorman ou Ye vhs ‘roms Mouasi inquiry for forel; pire mod- erate, Detwe oo tf wales Domestic sold to goul of no the extent of 75 bi i ina jobbing way, at from 7Uc. & T4c., We quote:— with no di quoted poeainally ate and pri 01 strained, quoted at Son a Nave ont ‘ales of 38 Dbls. strained at 316 and 50 small bbls, sao, at 310, Tar Sen it $3.25 a $3 00 tor all kinds. a han lay the market 7 fined was considerably aay But there was litile or nothing. offering, and in the absence of sales “tba quote nominally 20c. for balance (Oy Crude, Was also firmer; quoted at 9 fo. a with sales reported. 0 a bbl herny rad the shipper. engage 7 | Ce vere moderat ely nt se fera nenibally at 12 hee, 0. Ore! sce Bats snade srmer, but inactive ei quoted onthe roads at on both upper and lower, and ined fll at Oil Se ‘the Philadel ‘There was searcely anything offering, and in the sales we quote nom iy 19kc., spot, for re: ioe: 1955 for dO Ba a sais ROVISIONS,—! cut meat packages; lard, 2140 bbls and'-tlerces, ‘The Market for mess pork was mode: rai active, and comprise 600 bbls. day, 70) bbls tor June, at $17 40; 500 bbls. tur bi 100 Nexen Western, it jong clear vata ty ibac. Bales log clear at #¢c., and 100 boxes ‘of do. short clear at + Beef met with a limited io pack at tei mie tae aules, in 10ts, were about 310 pack: of $9°50 a $1 for pew fain im 8, bbs tne Bore gxtra do. al for rao p prime Ae. tlerees, and Dis. 5 8 $25 for do. et were, juiet fat” firm at ests SS ate eh fh market today was as quets but price were held with considerable ited. bt ‘ness was transacted from mores. pat otherwise we heard of no important business: Prices. were exchanged, Lard—The market tor Western was quiet, but steady at Saturday's improvement. Sales ‘ii terced, on the dock, at 87qc. ; 26 tlerces, off in quality, at i terces for lay at gc, :25 tierces of kettle at fi late Saturday, BWtierces for June at 9gc. and 1,000 reees for July at tier demand and'firm. Sales 100 terces, Sec. Clty lard was ia tlerces at Sige. and 00 Uerooe at Bige. Svea. ¢ market for Tam remained Geet prices ruling steady, We FAL OF, pelea oo aman good to prime. refining Blac. Bie. and 1s hd. of centritugal on.) private terms Gtner ‘ansac- tions were pending. was ly at 10%. for standard oe ey ge. we hard: We quote :—Cuba—Refining, es to common,, fe. Te, ; tair to good falry 8. 1 bige rime, b3gc. rocery. fair to good, 8 ibe me to choice, Bye 4c. ; centrifugal, Bh Rs. at rhe ay molassen hhds. and boxes, 7e. a 8c. ;' melado, 4c. a 6c. lard, Nos. 7 to 9, gc. a BC. 5 .. 13 10 15, 94e. a 9} sto Res 10%e. common to . & De. re Dut \¢ Sra Nok Wt 4S, te, a Bes Juva-Duvoh standards Now, 1016 12, Sage, a9¢. Mtantla—Superior and extra superior, AS cee The market tondny, was quiet, but prices were unchanged, Sales about 25 tierces of Carolina pat from THe. a Bg and 100 bags of Rangoon at Oe, a 73 canis was quiet but steady, ‘Sales 16 tierces No. 1 40 tlerces and 38 bbis. ab she. “rtiiow wasdull, but holders asked full prices Very choice quoted at 9. xey.—Receipts, 390 bbls. ‘The market was quict, but about sleady. Bales 100 boi at Sie. aud 80 biha at YL Jge., closing at the lower price. DOMESTIC MARKETS, Garvesron, ADELY, 1873, Cotton qniet and steady; good ordinary, 15%¢. a 1éc Net regaipte, 60, bales. exports coastwise, Sit Sales, New Ortran: ulet and weak; ordinary, 13 vor 6G 5 Ho low middi: ge, Net recer ts ‘te—To Great Britain, i,iW0; last evening, 2,00. Stock, iog7e Mosixe, April 7, Cotton quiet and. firm; middlings, 18%. 5 Foaehor ordi- nary, 163¢c. ; low middlings, 17% aie. N Net mate bales. Exports coastwise, lis. Sales, 400, SAVANNan, April 7, Cotton nominal; middlings, 18%c. Net Rech gin 1a bales. Exports coastwise, 1,050. Sales, 901. Stock, Cuar.eston, April 7, oa Cotton quiet; middl ca ie} ‘et receipt 670 bales. Asxports coastw ce BG, al 23 ner rig Spirits ot turpenti Wrornezon BO iat at $4 10; of entine firm at ny it at A ApH delivery $2 89. rude turpentine lowers $225 ior hard and $39) for yellow dip and virgin. Tar drin, Oswxco, At yy, i Flour steady and unchanged; sales of In, at 8873 tor Nor P Spring, $076 ior ainber Winter, $10°60" for White Winter; $11 tor double extra, Wheat firm; prime white Canada held at $210. Corn 4 quiet, aaies 8 two Cars of Western at 58¢, Oats quiet: Sta ee ‘at 400. Corn meal, for bolted $130, for" unboltec 1 yon ew Cotton ordinary, Millfeed unchanged, shorts it $21, shipst middlings at $28 perton. “Kullroad free ison to Paliadelphia, Ger; to Boston, 72c.: 10 New York, to Albany, dtc. Receipts by luke—13,000 bushels wheat; 50,000 feet lumber, Burvato, April 7, 1873. afloat— ai, emt roenels} ores ae ate bait do. bal hand 'do.: barley, 4 $3 5st a re ious }athber Winter, gp $40." Whos sraail sates angie 3 tity ukee No. ce ‘at $i Chi loses dos 45 Dulat Be eting, $1 b6; white ‘eantdan, siz a $1 oun Michigan, a $2 advancing; sales 4.000 bushels "Western in store at. Story C00 busters on track at 62. Oats dull; Western mixed, do. in store 40c. a dic. Barley firm and scarce; o50, a $1: No. 2 Wertern, 0, a Ube. two-rowed P a _{purrowed, iifeBaice nominal it We. jariey marocaias meatern, $1 10; AH Winter Western, i an ‘a prime Canada, $! $125. Rye malt held at r articles ‘unchanged. Cnrcago, April 9 ae Wheat Demand light, holders firm; tales, o ia At $1 15% 0 $ Pye Seater, an IS tor streuy % pin Mee; No. 3 do. gt iGhie seller Ma 2 ah Seok Sun and te i Jigc., at rejected, 28. ; No. 2 mixed, st fe ale aid steady at 264¢c. for strictly fresh tre cash; $845 a set aed at Todge. a 13e. Bulle menta sold bc. pose shoulder t G40. & GBigc., for boxed. i r bids; hams, . Beceipte— . at, 37.00) bushels corn, 28,000, a oats, and 8,000 bushels barley, Shipmenis— 9,000 bbis. flour, 44,000 bushels wheat, 14, bushels =A 2,000 bushels dats, 1,000 bushels rye and 10,000 bushels barley. EUROPEAN BAN MARKETS, Loxnox Moxey Marget—Lonvon, April 7—5 P, M.— Consols closed at % a 93% for money and 9314 fc the account, | American securities unchanged. Brie a shares 60%, Consols opened at $274. 9 for money y and 93. a 984, for the | Coe United States oe -twenty bonds, 1865's, old, 94% ten-iorties, $9; new fives, i'irie Railway’ sha le att ay Miril fF "it. —Renites Gloeed ab 8 BOURSE. PARIS, Al ‘56f, 1 Fra Bovrsr.—Franxrort, April 7A, merely States five- iwenty bonds opened at 955, fort the Assure of 1802. Livgnroor Corton, Manxer.—Livenroot, April 78 P. M,—The market closed quiet and stead: e ales of the day have been 12,000 bales, Including 2,000 for speculation and export. Of the sales 7,000 bales were America: Sales of cotton shipped from’ New Orleans, March ai April, @ market opened duli and stead: Ait uptanas, id. yd. } niiddung Orleans, Sales cotton shipped from Savannah or Charles on, rr ‘and, Mare! from the same port March: and AD April, at Bea 6, bales of American Setiok were landed at Liverpool of y. Liverroon Breanstcrrs Manket.—Lrverroot, April 7,— The market is quiet. Liverroot Provisions Market. Vea eon April 7— - bent hae ay se, 608, 6d. per cwt for the grades of merican fine. LiverPoot Propuce Manurt.—Livgrpoot, April 7.— Refined Pee yearh 16d. per gallon. Spirits turpentine, 43s. per owt, ee PINANCIAL, \ UGUST BELMONT & CO, Bankers, 19 and M1 Nassan street, iseue Travellers) Credits, avaliable in all parts of the Fe ar ee Sears, DB ROTHSCHILD at oA. 5 and their corresponde! mmercial Credits and transfers of mone; California, Europe oer i ae gd dale? | ON HAND mT miner : transactions. A —LAPSLEY & BAZL! BROKERS IN STOCK and gold privileges, vat te place.—All con- tracts hegotiated are first. cla - and have our certifica- fea attached. Explanatory fegala illustrations and relurences, matied fi A PRINCIPAL e ‘WITH MONEY TO LOAN ON ON FIRST + class ve Lots, between Fifth and Madison a hues, will find a good opportunity by addressing Post office hox 5,478, AT TOCK AND GOLD PRIVILEGES A SPECIALTY.— No contract negotiated through this office was ever dishonored. with practical Bee quotations In New York Tribune, MW, street, Broker ih Bonds, Stocks, ae. A GENTLEMAN, BAVING A SUMMER HOTEL, DB- sires $2,000, for whieh real estate securl art terest & abet the season will'be given. “Address ice. ne & BRAIN, STOCK Py ttrs 11 BROAD @ specialty. ne can culate eile on iM capital writ vi very rite Tisk. expla jatory ci cirenlars rnalied, 283 Bo’ Houston at Deposits made on Dor pelore Al wil faterest trom A he L we a Ghee iB. “trom 86 laily from an ‘Wednesdays trom 10 io desig Aue ¥ Gonauix, ea Hewny ©, Fisuka, Becre i _ FINANCIAL, g*” COOKE a ry ‘00., mo pveLees eon Le Paris ere Pert, Cable Rens Bremen. ‘Transfera, Circular Letters, alae Jay cone ic, MocULLOCH & rele NeDeE ee meee, nag Sinetpea macine ne iad per eal ente WE POSE a Waa betasaeaae 97 : | Gomme OF FISK & HATCH, ; No. 6 Nasaau Grazer, Nuw Youx, April 8, 1873 ‘The six per cent gold bonds of the Chesapeake and Ohio Railroad Company, being secured by # first mort- gage on a completed road—which 18 one ofthe great Bast and West trunk lines, commanding large through busi- ness, and which, from the immense mineral, agricultaral and other valuable resources of the country it traverses, is assured of a very remunerative local traf™lc—are among the most substantial and satistactory investment securities in the market, and at the present price—S73 and agcraed interest—yield a liberal rate of Interest on their cost. Thoy are in denominations of $100, $500 and $1,000, cou- pon or registered; principal and interest in gold.coin in New York; interest May and November. We buy and sell, at current market rates, the Western Pacific six per cent gold bonds originally negotiated by ts, dnd now quoted at the Stock Exchange, and widely known as favorite securities in the principal money mar- kets. Coupon bonds of $1,000; principal and interest payable in gold in New York; interest January and July; price to day 94% a 95, ‘We also buy and sell governinent and Central Pacific bonds, receive deposits, on which we allow interest, make collections and do a general banking business. Bsus FISK & HATCH: FFICE OF JEFFERSONVILLE, MADISON AND fle raon' Indianapolis’ Railroad, ville, March 26, —The second mortgage’ bonds of thi this company, ma- turing at Bank of America, oe tiers ) Will be paid at maturit nano ay; a their Eption, receive frst mortg fete rinci- al and interest guaran' ty-tive in of ange eretor. ‘The exchange wil be Ma bong for bond, and the difference of five er cent vill be paid the Noldor in cash at the time of ng the in THOMAS 4. SCOTT, President ME ATTENTION OF CAPITALISTS IS INVITED TO an Elevated Railway upon an ‘entirely new princi+ ples & model of which can be seen at VOSE, DINSMORE CO.'S, 32 Warren street, 12 to 3 o'clock. 10 BROOKLYN PROPERTY-HOLDERS AND eg ers.—1 want to take charge of a row ol from 6 to 13 Houses, tenements or otherwise ; cither to let, sell. or | tend to the repairs for a percentage or surplus; unexce, Hpmable references from present and former ar emmployers, Addre: T. 8., Post office, Brooklyn. N. place on first Mortgage; brokerage one per cent; im sums suit, Wanted to purchase, a Second Mortgage, good Rot longer than two years; 8 to10 per cent discount; $5,000 to $6,000. ‘NION DIME SAVINGS BANK, 396,and 398 Canal'street, " oa daily, from 10 to 3, and on Monday evening, from ‘Assets, ten millions nine hundred and eighty-seven ionrand dollarn bx per cent interest pala: “Money do- rin Baa Book in ish, Fre cats ra in English, French and German, scp ee OORNAPOLEON J. HAINES, President. 3.8 Anuovn, Secretary. 0, 8 Guariay Treasurer ‘OOSTER, SHERMAN 4 GO., pent ¢ AND sell Business Papers, negotiate Loans and make Uberalcash advances upon city and country Collections at No. 9 Nassau street, New York. $50 WANTED—FOR SIXTY eed A BONUS Adc of 2.ver cent per month’ given; best security. dress A. B.. box 161 Herald Uptown Branch office, GOO 98,8100, WANTED —A GOOD BONUS AND first class security will _be given for the above for 4or 6 months. Address GRISWOLD, Herald pace, x inquire ‘@t 57134 Broadway, in cigar store, trom 9 A. M. $4.00 0006 $10,000 tor Brooklyn (Third or Fourth ward’ Agproved. applleations wil! rovsive BM Oa a IMPROVED CITY REAL immediate attention. GEORGE B. WALTON, 21 Park row. 5.000 T.LO4N 70,4. G00 stock BROKER'S House, by a young man of abllity, desirous of learning the business; unexceptionable references. Address CASH, box 5,053 New York Post office. $5. 000 trots OR $15,000 TO LOAN ON BOND AND Ese Witt on Pi es city or country pro- perky, ce ttorneys, 239 Broadway, TI) No brokers need. apply. “ 5.0! WANTED—FIRST MORTGAGE ON VAL uable sabarte rerore ‘also any part ot 00 fine Lan tots enell paymenis, nad ireas BUSINESS, hrenata’e omnee, $10. 000 TO LOAN IN ONE OR TWO SUMS, IN poklyn. for three sera ou, several sinall amounts for First and Second SAWARD & LEAVITT, 64 Wail street. $4.0.000 ESTATE ,RUNDS TO LOANIN SUMS to suit; will loan on first class unim- roved property. Principals omly address JOMN DAVIS, x ¢ 2, 60) Post office. $110. 000 TO LOAN ON CITY REAL ESTATE, improved ang unimproved, on Store nd Tenement Property, and to buy second mortrages, w. aP. BARTLES, I street, 350. 00! TO LOAN ON NEW YORK orry IM- proved Real Estate in sams to suit; Ho Bonus, reguired ; term of years. Go, WILLIS, itontauk Insurance Co...168 Broadway, € TO LOAN—ON BOND AND MORT $ 350.000 gage on New York city, Brooklyn and ated! City smproved Property. WELLS & SWAIN, Ne tional Trust Company building, 262 Broadw JISSOLUTION OF COPARTNERSHIP—THE FIRM of Rarrer\@ Sayer, heretotore doing business at 212 Grand street, this city, is this day diwolved by mutual consent. Solon Farrer and George W. Kacrer will con- Linge the business at the sane place under the style naine 1 # Co. and will receive all assets and pay all Hae of Farrer & Sayer, Dated hig bth day of April, & PARRER G. W. FARRER, HE UNDERSIGNED HAVE THIS DAY ENTERED into a copartnership for the purpose of buying and selling Gold on commission under the name of die & Osborne, at 67 Exchange place. DAVID TWERDIE, H, OSBORNE. New Yore, April 7, 1873. et BOLD BURGLARIES ON LONG ISLAND. The shooting of the burglar at Newtown on Saturday morning by Mr. Furman appears to have had but little effect in deterring the operations of the thieves who have infested the island for some time past. dn fact, it scems, if anything, to have made them more desperate and ratner to have in- duced them to enlarge the circuit of their depreda- tions. The north side of the island has recently been apparently their favorite place for operating, but now they have made their presetice known on the south side. Between two and three o’clock yesterday morning burglars effected an entrance into the residence of Mr. Abraham #. Remsen, on Shelton avenue, in the vill of Jamaica, by forcing the rear parlor window, Mr. Remsen’s daughter, who for some time past has been tll, and who slept in @ room off the Faster, was awake at the time and had a light burnin; aS her room. The burglars entered her room, an fter turning up BO light went to the bed where she lay, She el sleep, however, so well as to deceive them, By the; Rive sant to ransack the room, takin, all her clot! ping and other articles, which occupies them, as she thinks, fully @ quarter of a hour. Meanwhile she had several sly opportunities for taking a good fours at them, though she was afraid to give any alarm, as the bar piats—two innumber— were desperate-lookin, h apparently about twenty years of a poh armed, and she thought that they might kill her if ghe did so, ae were in the house over half an hour, when ae ie disturbed by @ noise up stairs, and im- ry left and made good their couape taking With them only Miss Remsen’s clotting, to the value of about one hundred dollars. On the same night attempt Was made to rob a residence on Wash- ington street, Jamaica, but the thieves were dis- covered and beat a hasty retreat. It is evident from these and oper iets which hs have recently transpired tnat there is an organized gang of burglars “working” the isiand, ee [rae STEALING BLANKETS, Something for the Police to Look After Small Boys in the Streets Robbing th ‘Wagons of Sporting Men of Valuable Rob a Blanket stealing from the wagons of gentlemen returning from driving in the dusk of the evening has got to be of frequent occurrence again, The region of Sixth avenue and Fifty-fifth street to Fifty-ninth street seems to be a point where most of these robberies occur, a, playin; rn agli in the street as a biind, rau i) P Boning, aren. the blanket from the “hina mere wagon, skedaddie, leaving the Owner to wonder, on arriving at his stable, where he left his rty, The mounted police, one would think, ought to know somethin, oe Fine occurrences. Messrs. Smith, Garrison, tleman who resides on Murray "wi Mave ein blankets lately—the latter gentleman @ pair worth $100. It ig said that the venders’ hoi of the upper part of the city are, many of them, wearing fanc eta, Which ‘ought to create’ s p hg my ion that they get them very cheep, to say the |THE OLD UNITED STATES COINS. The National Bank of Commerce Refus- ing to Receive Uncle Sam’s Five Doliar Picees in Payment of Drafts—The Scope and Effect ef the New Coinage Law— What is the Lowest Limit of Standard Weight—The Government the Greatest Loser by the Depreciation Caused by Abrasion—The Life Time of a Coin. ‘The act entitled “An act revising the laws rela- tive to the mints, assay Offices and coinage of the United States,” which was passed by Congress on February 12, was one which excited general ap- proval of its most important provisions, and peopie did not generally foresee the slight inconvenieaces which might result indirectly from its going into force on the 1st of April, a time Bow past. Arather frightened view of the new order of things seems to have been taken by one or two ef the banks in this city, and among them the Na- tional Bank of Commerce. One of its phases will, of course, be the. gradual disappearance of the old coins in gold and silver, which before the war were jingling in everybedy’s pockets, but since then have been rarely visible, exeept in the bourne of the brokers and money ehangers. In the few days which have now passed since the law took effect the question has already been asked, What would be the rule regarding the depreciation in weight caused by the abrasion of years of usage, and upon, ‘whom the loss caused by a eeeeouns in value weuld most heavily fall? On Saturday @ business ofMice of the city re@celved notice of ‘A SIGHT DRAFT FROM YOKOHAMA in the hands of the National Bank of Commezce which demanded paymentin gold, The hour was three o’clock in the afternoon, There was, there- fore, little chance for delay. The cashier sent im~- mediately to a firm of dealers in bullion and pur- chased phe necessary amount at the current rate. It consisted of coins of large and small denomina-~ tiong, and was despatched to the bank and prof fered in payment of the draft, Instead of being ac- cepted, however, with the characteristic promptt- tude of former times, it was rejected, the eee that they would willingly take the I cela But not the five dollar pieces. They want certificates of golddieposix. ‘The Cashapy Was reaty surprised and semewaat disconcerted at thi sode, but sts his gold nevertheless straightway to the Park:-Bank,- where, without a question, 16 was pecans and. @ certificate handed him, w! a he eres - the Bank of Commerce in satisfactiel the draft, ‘A HERALD reporter learning these eircumstances went to the Sub-Treasury in Wall street and asked to see General Hillhouse, the ehés des afaires. He was ushered into lus presence and received in 3 deci@edly military manner, and during the conver- sation which ensued the keen, steel-gray fee rot of the austere General reminded him all the the cold clinking coins among which his moot labor lay. The occupation makes the man and not man the occupation. A paradox, but nevertheless an aphorism. innon a brief introduction the reporter took from his pocket, and read to the Bee the fellowing extract from the new law regardin, THE REFLUX OF THE OLD Foor inte the Treasury :— ‘The standard weight of the gold dollar shall be twenty five and elebeceuths 3 grains; the Saray eagle, aie two ne ee one the easly Ce aed pice ce, 208 os" le, or twenty dollar Piece: 516 grains; wi ne shail be legal tender in all payments at their nominal value, when not below standard weight and limit of tolerance rovided mnie act tor the nels piece; and when reduced in weight Delow said standard and tolerance shall be ists fender at valuation in proportion to their actual w and any gold coin of the United States, it reduce Yreight by natural abrasion not more than ‘onerhaif of one per centam below the standard we: reseribed by law Aatter a circulation of twenty years, ins shown by ite dav of coinage, and at @ ratable proportion tor any peri Joss than twenty years, shall be received at their nomimra: value by the Unit ‘Treasury and its offices under such regulations at the. Rocretary of the Treasury may prescribe the the. pep! the proteation t: roe ne Rorecomant against LA ol in the Af dhe Uinted Santon vedused i weight below Rsk ‘of abrasion shall be recoined. He then asked, “Why do banks new refuse the acceptance of gold coin®”” “It must be from fear of losses through the de- preciation in weight. Itis ery that ie bank which you just mentioned eans of ascers taining the weight of coins, and tHerefore rejected the small ones, which always are most Tapidly ree duced by constant usage.’ “Will not this new law cause losses to many who can all afford it?” “No. Ido not think ge. THE HEAVIEST PORTION OF THE LOSS falls upon the government. For every million of gold coin that the people possess the govern. ment probably has rty milions im its vaults, the Pairs Pus whick, from the ver: fact of their arrived at that fina resiia piace, ae. "worn below. the limit of tolerance. On the gold that is in the Sub-Treasury the loss to the government in reouining will preba- bly be $150,000 irom the single cause of depreciation in weight. The people hold @ very, very small por- tion of the gold thad is in the country, and the ue chants hold most of theirs in the ferm of certificates, which, when presented at the sury, are payable in jtandard coin.”” “EN PAYING THE ‘GOLD-BACK’ TREASURY will discrimination be made between The ‘gold of full weight and that of diminished weight?” “Oh! yes. The officers are not allowed to send ont from the Treasury a dollar that is not of the standard weight. the rest are remelted an® coined, “Will this have any effect on the money Pag a “No. Idonot think that it can alter its aspect much. Gold is low most of the time and cannot get much lower. It merely involves some slight additional complication in the system of barterin, money, to which people will become aocustomed, and which, of course, will be much lessened when the new gold and silver pieces come into circulae tion.” “The banks and bankers, I suppose, will have to supply tnemselves with scales, and then they will go on again swimmingiy?” “Let us bad e 807” (smiling) “When is the first issue to be made ?” “We cannot tell, not knowing what facilities ar@ possessed ac Philadelphia at present ior turning out money.” The reporter uttered his thanks and his adie and left, NEW YORK CITY. A fire broke out yesterday morning in the two story frame building No. 1,061 Third avenue and caused a loss of $2,000. The work on the west pier of the Fast River Bridge is now being rapidly pushed forward. The towers of the east pier are also approaching com» pletion slowly, but surely. A child of Mr. Long, of 438 West Fortieth street, ‘was badly scalded a day or two ago, and died yes« terday morning from the effects of the mishap. Coroner Herrman was notified and will hold an ine quest, Edward Malory struck his head against a foot~ bridge yesterday at 155th street while applying tha brakes toa car of the Hudson River Railroad. Ha was removed to Bellevue Hospital by a policeman, as his injuries were severe, The hearing that was to be had before Mayor Havemeyer yesterday afternoon in the case of tha assistant cashier of the Bull’s Head Bank was post4 poned until twelve o’clock to-day. There will ba an important meeting of the directors of the bank this morning, at which the question of reorganiza tion is to be considered, John Watson, a printer, 19 years of age, Wasi arraigned befere Judge Hogan, in the Tombs Polica be ips yesterday, charged with stealing $43 Ae ot jewelry and clothing from t posing Ki of 1 Monroe the cirin of Mar jonroe bya! on LU: 17th ‘ch last. 4 was arrested by Officer Mall the Fourth cinct, and held to answer in ef $1,000 James Ward, of 164 Division street, and Edward Morris, of 78 Clinton street, were committed by Justice Scott, at the Essex,Market Policé Court yes« terday morning, on a charge ef having stolen twa a four horses from their employer's liv~ ery stalen It seems that the two interesting indi< rty over to Jersey City, where they see entered to cis spose of it at such 1 ?. te excite the aus yeion of the parties i eure ‘was offered, and thereby entrapped eeccectver ‘The 128th semi-annual meeting of the New Yor? hical Society took place on Saturéa; evening. The following ge the names of the mem bers of the new board of efficers:—Presidint James H. Easton; Vice President, John G. Seren) reece idorstinn, Jonn’ Oraw; Diseciors, & ¥ i 1'smalth, Chat ber Won he J. parce Te Buran, ‘CW. Dy, isk, T- MoGh antly A adley ‘William White, Jobn puangany a Crooker, Walter Marshal; Trustees, ©. C. Savge John Van Horn, J. B. Crawford, Archibald Mule, THE NEWTOWN (L L) TRAGEDY. Verdict of the Coroner’s Jury. The inquest in the case of the burglar shé a! Newtown, L. I, on Saturday morning, was con cluded yesterday. The testimony was unimportent Many persons went to Newtown to view the brdy thor: merely saying ‘that. the. man came ve Bl death from @ pistol ball, which was fred by Br Forman, and that the shooting was justifiable.