The New York Herald Newspaper, April 11, 1873, Page 5

FINANCIAL AND COMMERCIAL, An Unsettled and Stringent - Money Market. Western Pacific bds, Union Pacific Ist m, Union becite H & ray Me. ins THE NEW YORK CENTRAL LO. Coming closely upon the heels of the account of the organization of two grand companies in London to invest in American rajlroad bonds we have the announcement this afterneon that the New York Central 6 ‘NEW YORK HERALD, FRIDAY, APRIC TY, 1873—TRIPLE SHBET. AN. per cent sterling loan for The Rate on Call Varies from 1-16 to 1-2 | $10,000,000 has been placed in Londen at the Per Oent for the Two Days to Saturday. ADVANCE IN FOREIGN EXCHANGE. equivalent of 105 per cent currency, It wih be remembered that a total loam of $40,000,000 was authorized, the proceeds to be devoted to retiring the outstanding funded debt of $15,000,000, com- prising bonds which are not secured by mortgage, and to the building of an additional double track between New York and Butfalo. $30,000,000 was to be in 7 per cent currency bonds and the remainder in 6 per cent’ sterling bonds, The Gold Premium Firmer and | th )#tter forming the loan negotiated in London. GOVERNMENTS BUOYANT. the Market Steady. A FURTHER RISE IN GOVERNMENTS. Million Six Per Cent Sterling Loan of the New York Central Railroad. a, A General Advance in Stocks and a Closing Reaction. Firm and United States Bonds Higher— The Treasury Sale of Gold. Wart Sreeet, THURSDAY, April 10—6 B. M. THS GOVERNMENT GOLD SALP, ‘The advance in our bonds in London, the higher rates'of foreign exchange and the firmness of the gold premium combined to strength to the government list, the 7a being buoyant at a rise to 119% a 119%. The advance brought ina good many domestic sellers, but the buyers for Europe outnumbered them. The follow- Reported Negotiation in London of the Ten | ing were the closing quotations:—United States currency sixes, 113% a 114; do. do,, 1681, tered, 117% a 118; do. do. do., coupon, 120% a 121; do. five-twenties, registered, May and November, 1133¢ @ 114; do. do., 1862, coupon, do., 117% a 11834; flo. do., 1864, 117% 8 118%; do. do., 1865, do. do., 119% a 120; 1867, registered, January and July, 116% a 117; do. do., 1865, coupon, do., 117% a 1173¢; do. do., 1867, do. do., 118% a 1194; do. do., 1868, do. do., 117% @ 118; do. ten-forties, regis- tered, 111% a 111%; do. do., coupon, 118 a 123%; do. fives of 1881, registered, 115 a 116; do. do. ‘The Bank of England Rate Unaltered—Consols | do., coupon, 1154 a 116, SOUTHERN SECURITIES DULL. The Southern State bonds continued exceed- and prices were about as before except in thg case of the new South Caro- ingly dull, linas, which sold to The following were the closing prices:—Ten- messee, eX coupon, 7946 a 80; do., new, 793g a 80; @ small extent at 19%. ‘The bids for the government gold were twenty in | Virginia, ex coupon, 44a 50; do., registered stock, number, calling for a total of $6,072,650, tne prices old, 87 a 40; do. sixes, consolidated bonds, 53 & offered ranging from 117.38 to 118.19. The $1,500,000 | 54; do., deferred scrip, 13% a 14; Georgia sixes, ‘was awarded at 118,13 a 118.19. 118.13 for the entire amount. THE FOREIGN MARKET. One house offered advanced to-day at the meeting ef the directors, 70 @ 76; do. sevens, 83 a 90; North Carolina, ex cou- pon, 80 @ 32; do., to North Carolina Railroad, 57a 60; do., funding, 1866, 20 a 22; do. do., 1868, 17 a The Bank of England rate of discount was not 20; do., new, 17 @ 19; do., special tax, 14 a 15; Missouri sixes, 93% a 94; do. Hannibal and St. despite a loss of £543,000 in the bullion account of | Joseph, 90.2 91; Louisiana sixes, 43 a 50; Alabama the past week. The former matter scems to have completely outweighed the latter as an influence upon the market, consols having been firm, while United States bonds were strong and higher, if not buoyant. Erie shares advanced to 51%. In Paris French rentes were higher at 56.30, notwithstand- ing a decrease of 250,000 francs in the weekly bullion Feport of the Bank of France. MONEY STRINGENT, ‘The money market was irregular and ‘unsettled, | the early tendency having been toward ease and relaxatid®, in consequence of which the rate on call declined to as low as 1-16 per cent for the two fives, 57a 60; do. eights, 80a 85; South Carolina do., new, January and July, 19a 20; do. do., April and October, 27 a 30; Arkansas sixes, 30 a 40; sixes, funded, 38 a 42. STOCKS STRONG AND UNSETTLED. The stock market was strong and, up to the ap- pearance of the closing spasm in money, even buoyant, prices rising }¢ @ 2 per cent, the chief ac- tivity being in Western Union Telegraph, 4,800 shares of which changed hands at 87%. climax was followed by a reaction to 8634, under New York Cen- the sudden “squeeze”’ tral advanced to 102%, This in money. Rock Island to 114%, ©., C. @ays to Saturday, or 1-82 per aay, equivalent to | and I. C. to 4014; Lake Shore to 92% and Pacific a@bout 114 per cent per annum. many loans were made at plain7 per cent for the one day until to-merrow, where the borrowers ‘were willing to take the money for so short a time, THE EXPLANATION being that a number of bankers had funds to lend might not be called upon to pay out to-morrow, Good Friday not being a legal holiday. ‘Those of the brokers who were willing to take the chance of getting the money to return these loans to- morrow were cheaply accommodated, but the members of the Stock Exchange borrowed, asa general thing, until Saturday. Everything went on swimmingly until about a quarter to three o'clock, ‘when the money market suddenly began to harden and the rate (for the two days) advanced to %, 3% and eventually to 3 per ‘cent; at least, such was the report from THE EXCITED THRONG gathered on the corner of Broad street and Ex- change piace, where actual transactions were con- ducted in whispers by the parties thereto in order to avoid the risk of prosecution for violation of the usury laws, great consternation having been oc- casioned by the discovery that some forty or fifty Bubpenas had been issued by the Grana Jury to Wail street bankers and banking-clerks, summon- ing them to give their testimony before that boay on the subject of these alleged infringements of the law, It was also reported that several large banking houses had announced that they would call in all their loans on Saturday in their dudgeon at being charged with implication in the usurious Proceedings referred to, The closing spasm can be explained, however, by the necessity the buyers of the government gold were under this afternoon of preparing to take it out of the Treasury, Again, borrowers, seeing the tendency 01 money early in the day, put off their engagements to the last mo- ment and coming upon the street in a crowd ali at once enabled lenders to “squeeze” high rates out of them. A “SUMP” IN FOREIGN EXCHANGE. Onder the prospect of speedy relaxation in the Mmeney market to easy rates, the foreign exchanges suddenly hardened, particularly as the cable re- ported a loss of specie in both tue Bank of England and Bank of France, and rates for sterling ad- vanced 34 per cent, to 107% and 108% for prime bills, with the usual concession fer-actual business, The closing stringency in money was too late to alter or modify quotations for te-day’s business, hich left of as follows:. i—fterling, sixty days, commercial, 107 a@ 107%; d0., good to prime bank- Ors’, 10734 a 107745 do., short sight, 108% a 108%; Paris, sixty days, 5.36% 0 5.30; da,, short sight, 5.26% ® 6.25; Prussian thalers, 704% a 71; ant- werp, 5.35 a 5.30; Switzerland, 6.35 @ 5.30; Hamburg, 94 a 945; Amsterdam, 891; a 39%; Prankiort, 40% a 40%; Bremen, 94a 9454. GOLD STEADY—1177% A 11834 The gold market was firmer, but with a steadier tone, the advance in fereign exchange as an Infuence upon the market being partially coun- teracted by the gold sales against expertations of government bonds, whose negotiation abroad was facilitated by the higher rates for sterling. Under these circumstances the price, which touched 117% momentarily in the forenoon, advanced, to 118%, fell back to 11814, and closed qniet at 118%. The course of the market Is shown in the table Tihs, 1PM +118 56 11181 a 11836 y In the gold loan Market the rates ranged from 1-16 (to Saturday) for carrying to fat tor borrow- ing. The eperations of the Gold Exchange Bank were as lolows:— Gold cleared.. Gold balances 1,442,633, Currency balances. + 2,115,935 The Sub-Treasury paid out $97, 000 en account of interest and $9,400 on account of redeemed five- twenties, ++$111,983,000 THE RAILROAD BONDS. The railroad bonds were moderately active, with pricesfirm. The Union Pacific land grapts ana in- comes were unsettled, but closed strong. Boston, Hartford and Erie firsts advanced to 4114. The fol- lowing were the bids at the call, as amended by prices in Aenea dealings :— ew York Us.1883. 94 Chie & NW exten bé: lew York Cen Usre.. Chic & NW istin.. ew York Cen New York Cen Erie Bees T4455) POOCESD >> BS SEEe hep Pacific wold bei cae: Be am and firm. New Jersey Indeed a good | Mail to 57%, all of them receding late in the day % percent. The rest of the market was steadier Central recevered to 100, but Panama [ell off to 106, HIGHEST AND LOWEST PRICES. The following table sows the highest and lowest this afternoon which they were not sure they prices of the principal stocks during the day :— New York Central Pacific Mail. In the above table Rock Tsland is considered as There were no sales at 113%, but the equivalent quotation of 109% ex dividend not ex dividend. Western Union Telegraph. Highest. Lowest, ee ee a MOB 101% 66 i 65s 9236 70 was touched late in the day. In Philadelphia Reading was steady at 115X, and Pennsylvania firmer at 113%. SALES AT THE NEW YORK STOOK EXOHANGE, pee arene $50000 US cy c, "81... 1000 US 5's, 10-40, 1000 US 5-20, c, "63, 13 ‘ar be Tis agin 10—10:15 A. M. 500 08 6-90, 8 Monee a 500) do 10000 US 5-20, ¢ 600 US 6-20, ry 67 10 A. M.—Before Call. 2200shs West Un gsi . 1800 do. $5000 Tenn 6's, new, 1000 Georgia 7" 2000 Bio b's, HaeNta i 27000 Missouri 9000 NY 7's, b 1, Fr. 1000 Erie 34m Luo Un Fae Ist m 12000 in ont Fei 10 T, B & W'ist, BD. 893g 20000 B, H&E Ist 2000 Pit, Pt W& C 24m. 97 Fourth 25 Del & HC: BON JC Lad S00 Maripos lov U SEX Joo Am a on Exp. 400 do. 100 Erie RR 200 do 200 do. $1509 US 5-20,0, "65. aww do. e 75, -be 66% G65, BY ies ee SOs HB 4 100% Board—10:30 A. M. 200 shs Erie RR. 100 do. S555 e “b8 in 19:15 and 2115 P.M, $1500 U8 6.20, ¢, "04, i Us bide, Breve HIG Of this total impart additional regis- 1500 US 820.0. 65. n.. 1 1280 US ca Fo 7- Ban. pat iweo dio" do. 12130 P, M.—Before Call. ‘1100 shs reas Un Tel., 86% 200shs Panama RR... c 7) se do. 7 WwW do : 20 C & Rock TRI i Hits Hive 260 Pitts, Ft acatd. Fy 8 0. Gy Be chice Ai RR: 100 U 8 Express. 75° SOB, H Gh Be 100Pac Mail 88 Bai tw t 6 lw be ie Bus as & Adams Ex. 800 Pac. | S88 Go! 0. (CLOSING PRIOES—4 O'CLOOK P, M, Northwest'n pf. 864 0 656 Uh Union Pacitie.. 287% a 34 Quicksilver: a" oP 2 B88 Adams «x. Am Mer Un Us Express Pacific Mai NY Centrai. Erie. & 653 Ohio & Miss, 8 123, Boston, 1 a i. hg ie Quel COMMERCIAL » REPORT. Be SET Flour Quict—Wheat More Active—Corn Easicr—Uats Steady—Grocerics Quict— Cotton Unchanged—Petroleum Strong— Rosin and Spirits Turpentine Firmer— Pork and Lard Firm. TuURspDAY, April 10—6 P. M. The merchandise markets were generally steady to-day under a moderate movement at unchanged prices. whe high rate of gold has a tendency to re- strict mercantile transactions of almost every eharacter, the uncertainty with regard to the like- lihood of the present premium being main- tained, rendering merchants undecided as to their operatiens. On ‘Change to-day there was very little change in the position of affairs, the markets being almost universally quiet at nominally unchanged values. Flour was quiet but steady. Wheat was a trifle more steady. Corn was easy. Oats was steady, Whiskey was firmer. Pork was strong. Lard was quiet at un- changed prices. Bacon and cut meats remained firm under a good inquiry. erally suspended to-morrow, the Exchanges having ad, Journed until Saturday morning, wita the exception of the Cotton Exchange, which will remain closed until | Monday morning. Corron.—For spot cotton a moderate demand prevailed at about former prices. Future deliveries were inod- erately active at rates showing no material chang the market closing rather dull, We sum up thus: To-Day. Last Evening. Total. 5 “aL rr 4 : 38 = rf In Transit. - 500 re Total... «List 1,323 2.507 <Included in the above” are 100 bales to arrive, For future delivery (basis low middling) the sales have been as follows les 1 cycning, atter these o April, hee 18% t We. 5 June.400 at 19 LY, 4,000 at 1,500 at 19 6-160. : July, 100 at 19 7-166. Toxe, Total. 7,000 bales. Sales to-day up to thr Md April, 00 at Isic, 29 at 18 13-16c., 20 at 15 25-32c.; May, 200 100-at'19 1-1 20) al ne lgiher 19%4c., together ; June, 3400 atl 19% BO at 19 P-ige., WO at 1940., 100 ‘ai ul 0 at vee, 9 SL. Total, 9,20 bales. Grand total, 16.20" onttesss The reccipment the ports were follewi-—Calveston, 726 bates; New 715; Mobile, 260; Savannah, 92; Charie: 33 mingtom, 65; Nortolk, 727; New York, ‘Total, 6,172 bales, This day last ‘week, 8, year, 6,268. We quote :— ete, Alabama, New Orleans, Texas, Ordinary. 104 15% 154 Good ordina I's Strict good, ‘iar Fd 8 1B Low middli 18% 1g Middling we ang Good inidd 217% Big —The quotation: are ee don cotton In store running in quality not more than half a grade above or below the grade anoted. he market for all discriptions was inactive, prices for large lots aud cargoes were quite nomin ite abyense of aales. The stnall Jobbing business Wi was at about former prices. quote : Mo, ordinary cargoes, | 16xe. wu 170; fait cargoes, Hise. i, Good, Gargoes, I8kic. & Asigc.: prim ise. ‘a Jay ernment bags, £ IShge sama, Ibe. ite 18¢, 90. 25 Erg A s* a 183c.; Curacua, avs’ credit AREA As 10,882 bbls. ; 17,80) bushels: “Corn, LAO No. only,” 18500 do. S400. The flour market ruled quiet, but stead changed prices. The sales were 7,00 bis, Ul Was quiet, With sales of 5) bois. W tere yellow & $3 20 irom dock, $5 20 from store, $3 25 livered, ‘We quote No. 2 state, +84 0 a $5 25 Superfine State 60a 65) bextra Binte +TBa 175 Choice State +275 a 82 Superfine Wes 60a 65 Extra Western GMa 7H Extra Minnesou THa IW Round hoop Ob 70a 7H Round hoop Ohio. #008 900 Famally i. +900 a 1025 St. Louis, iow extra. 570 a7 75 St Louis, straight extra. “6 - 80a 8 t. Louis, choice double extra..... 29.00 a 1000 Bt: Louis’ chutes 1 mily 210.00 a 13:00 California... 29:00 a 10 00 30a 60 42a 55) 26Wa 65) 17a 950 0 00 a 18 U0 18a 345 Wa 365 3650 375 24 0b. 13000 365 Penchsons, 19 Of. ob Wheat was in tather better reatiest ada iste more ady. The market closed at about iedgo and Northwest, $1 63.0-$1 60 fur Nor 2 Nilwau lee, 173 for No. 1, $1 50 a $1.86 for red Winter, $1 85 @ $1.99 $210 for white. The sales, art last ‘evening, were abort 40,000 Dusticia, af 1" a 1 55 for common Chicago, $1 a $ Cago in store, Corn was easier, closing at about 6c. {oF old mixed in store and 66c.'A 65'4c. for do. atloat. ‘The sales embrace 95,000 bushels, at 3c. a bic. for old, mixed | Western in store, | Gi%o. 60 for new. high — mixed out, Be. for Southern ang Western yellow Ter for white Western afloat and 760, # 7c, for white Southern ationt. Oats were steady, with sales of 50,000 bust old mixed Western in sti wre, 480 ate. dark and black new W. blige, tuixed ailoat. Barley was dull and Soo, $108 for State and Western bree thousand qi al. hustels peas sold ‘at! 81 05 u 8 ai Yor Canada, in 80 Malt was neglected and nominal. Freiours.—There has been only & limited business done in berth freights owing to the light supply of avail- Bbdie room and the Jull yates gsked. Vessels for charter t $1 59 a i 63 for No, 2 Business will be gen- | have been in fnir demand and rates about eats. The Shgagements to-day were - To Liverpool by ste bushels of grain at with these rates id "at th close; by sail, 400 Dbia. pork it 48. ; 250 bbls. cotton sees oil at 408. and measrement fend ces, ve ares bacon 96 at 258. To Glas. Uysteam. ‘To Cardift by id 100 bbis. lard oil at 55s. (ot 989 a with 14,000 eases poream a “ae, & Norwegian bark, We Phila- Fi pia to to a Cor enhagen, With 2,80) bbls. refined do, at 64. @ bark (rechartered) trom Philadelphia t to the Gontiaant with 2,90 bbls, refimed do. at or about 6s. ; ru- Ri ‘kK (now here) from PI ‘00 bbis. refined do. at eo rican. brig, trom. Pensacola t Rio, ber at $29 And primage. es, Apart troma moderate business in Jobbing paresis we heard of as puanctions, ohyeaauote ¢ Gaba ippniritugal and mixed. =a — bbe. a irits turpentine 88 active, but the market + shade firmer, apcer aller offerings, The only salg reported was bs b “odds and ends? flat. Merchantuble So. Sisge. The low grades of rosin conunne demand for export and the market firm. for the strained at $3 2055, in Kood and freight room Continent, more plenty, ales ‘of 1,000. bbls. 20. bbls. do, at $3 224g; 1,600 “pbis. do. 500 bbis. Uo., to arrive, on private terms ; also 400 0. Lat $4. Tar quiet, but firm, at $4 $4 25 for Wilinmngcon and $3 75 for Washington. Pitch quoted at Prtrouxum.—The market for reflned continued dull, uy a shade firmer; quoted at ee month. Crude, in bulk, was There Were no transactions reported, and In the abschiee of sales we quote nominally 9c. a We, spot or month. Cases met with a light inquiry, were steady a Joie, Naphtha was dul! and no nal at about a lie. ior Western or Atuhe Creek the marke’ was quiet and irregular a 2a $230 on both roads, and $2 25 at Oil City. The Philadelphia market was dull, nothing offerings. Refined held nomi- nally at 19}ge. for spot and Last halt of month Provisions.—Receipts—Pork, (44 bbl: f, 9 pack- ages; cut meats, 3,235 packaves, lard, 2,010 packages. The market tor pork ruled sirong, with a better inquiry (or future, but not much Shake in prices. Sales ot 200 bbis, at $17 8735 for new mness, $14 for extra prime, $16 00 a $17 for Western prime mess und $144 818 0 for elty do. 5 mess, in round lots, held at April. “For future Gelivery, sales of 40) bbls. mess, seller Maye at $17 30% Bi do. seller June, at $17 50, and 500 bbis., buyer 9 days, at $18, Bacon was intiur detandand steady ; sales 1 boxes city short clear at 95-I6e., 400 boxes Western long clear at dsc, and. 100 boxes Cumberland at 8 quiet but firm, with sales of 70 bbls. a ‘$5 26 for old plain mess, $12 a $13 25 tor extra mess. Teree beet dull anu steady, duu beet hams likewise with 1 for Western. Cut ments tive but firm, with sales of 59 tierces hams boxes heavy hams at Rblcano (kh 12) ‘terces do. ot (16 Ibs.) at 127% city smoked hams at lye. & Me.; 900 smoked sho at . boxes dry sailed shoulders at. 6c Ars ‘the breeate ge; 80 boxes by: bellies (12 tbs} 25 boxes do. (13 8.) at 10),¢.; 50 boxes do. (14 The Inarket f AY was ‘strong bu dull for ders spot. for city, ae 9c, choice. ' For future deliver sales were reported of 3,000 tierces May, at 9 tlerces.at de. buyer paying brokerage; Tiebt tigroes Janes at 9 6-160 ‘ani 6) tierces July, at 9} he market was generalfy quiet at previous prices, with something of aa upward ti W sales of 4 ticrces Carolina at trom 7%c. a S34 Dags East India at 6%. a 7c. inquity for ‘raw was light and with few rket rulled rather weak on the nominal ber Ib, tor fair to good refining. We note wales of BH hitde, chiedy Cuba 1d on pri Yate terms. and about 20 boxes cluedy Centritazal 06 9c, per ‘Ib. Reflned “was qnitet at 10'Pise'a wsge, the Wand We. a 113c, for Hards. We | quote :—Cubasitenning Interior to common, Te. a 7%e. 5 fair to good fair, Sc. a Shrc.; good to prime, Sic. Bigc. {air to good, Sige. a 8%c. ; prime to cho! entrifugal, hhds. and boxes, Sea molasses, hhds. and boxes, 7c, a $e.; mela 4c. Havana. Duteh sandard, Nos. 7 to} ‘Tae. a 5, Wee. ao. 18 t wit pitico-itefuing, comiion 10 pr grocery, fair to choice, Sige a 4c. Brazil—Dutch stand: ard. S 0 12, 7c, 8 utch standard, Thee. Baga Ws — Bags, Melado, Wi Stock (ascertained by actual count, including specua- tion), April 1, 27,002 134,886 2,101 Receipts since April i 1600515420 = Totals 242068 4248 TH Sales since April i 1wu2 9409 a Stock this day, April 10, 1873. 30,062 129,656 3212 Comparing with stock, April 1, 1874, a 37,283 92,063. 1,967 Comparing with s 228,778 4,852 Com uri with 9,097 $03,115 2,068 74,653, baline was quiet dnd tirm, ante u Ye. for hhds, an ayge-a axe. tor tleroes. x We heard of no sales, TALLOW ‘quiet and steady, with sales of 40.00 Ibs. Western at 84c.; prime city quoted at8 1dl6e. a 9c, Wuisey,—Receipts 697 bbls, The market wus a shade firmer, but less active, Sales 150 bbls. at Jie, a Y1igc, DOMESTIO MARKETS, GatvEston, April 10, 1873. good ordinary, Is\c. | Net Cotton heavy; ts, 728 ‘bales, “Experts to Great Britain, 3138 Sales, Bo! ee New O April 10, 1873, ew ORLEANS, April 10, ier: ordinary, 13ige.; good ‘erdinary, I 16'4e. niddlings, sige. “a A7/ae, 5 malddlitige Net ng 715 baled; gross, 1,248.” Exports—To Groat Britain. saa igoastise. Sdles, 1,000; last evening, lontie, April 10, 1873, Cotton dull and mominal; middiins Hac. Net re- ceipts 20) bales. Exports constwise, "6S ales, 00, Stock, 38,668, Savanwam, April 10, 1873 Cotton quiet; middlings, Ie. N pts, 90 pales. Exports to Great Britain, 3401 ‘Sates, Stock, 'HARLESTON, April 10, 1 Cotton quiet; middlings, 1st a Isic. Net pele $e poles. Exports coastwise, Sales, 160." Stock, Es Witatncron, N. C., April 10, 1873, . Rosin quiet; Pea bike tt lower; sales at 2 75 tor No. 1; for stramed $425 for p tor bard; Bask, Crude turpentine plats $: $3 WY for {illow dip and viein; $4 fo crop virgin. Tur higher ; sales at $2 65, Carcago, April 10, 1873. Flour quiet and unchanged. Wheat quiet and weak prigse Loren sales of No.1 Spring at a7) Noa for regular, $1 28 for fresh, cash; $ 1 226 seller June; No. $105 Me. “Corn quiet and we Wigc. seller May; ¥6tsc. bid seller June; Oats duil and declining; sales ot Nod ae for, treah, cash reiected, 25%, | Rye dull and'deotining; sales ot Wort | regular; 63c. for tresh. | Barl Fall regular offered at 74c.; ey ‘dull and droopiay esh sold at 77e. a7! 64c. tor regular. Provisions steady. Pork active at $16, seller June; seller May, nominally, os 75. Lard \d_ a shade lower; sales at ash; &ige., seller 8 70, seller June, uit nests: Av; sales jes, loose, at SWyc., seller June; short clear ie shoulders, at } Kiwaukee, leew) 6c. a 6%; pS quiet’ an | Bacon unchanged. Whiskey stead Receipt--7.000 bbls. flour. 15,000 | corm, 25,000 do. vi do. Shipinents—10,000 ft do. Corn, 29,000 do. oats and Ii, Dushels whene, 10007 do BySosind 10,009) do. barley: 000 bushels’ whe: ny do. barley. errauo, April 10, 187% Flour quiet; Western Spring a $3; amber, $8.9) 25; white, $9 50 a $10. yh dull,’ no sales made Nod Mifwaukee Spring: quote Chicago Spring, $1.45 a $1 46; No. | Dulu Spring, $1 white Canadastt 7.8 $100; ‘white Michivan, $1 Corn firm; sales 2,000 bushels Ni , in store, at Ce do., on track, at 520, Oats dull ales 2,250 bu: on tack, at We. w do. mixed Western, on 3 Western mixed held at Sse. a 400, Canada, Y5e.a $1: No. two rowed State, s0c. a | nominal at 9c. prime Westert uriey malt he public malt quiet A ‘ 110.4 $1 15; prime Canarta, $1 20 a $1 25, at%5e. Other ardeles we hanged, Osw: pril 10, 1873, and unchanged; sales 1300 bible at $8 75 ring, $975 tor amber Winter, $10 5) for white ior, SH fof double, extra, Wheat dull ante” tio bushels mixed Milwaukee clab at $1 70, held at $1 06. Flor Lh for No.1s Corn quiet at 68e. for Western. Bi uiet; Canada held at $112. Corn meal, $13) fo: bolted 2 bs for un- bolted ee, cwt. Millfeed unchanged; shorts, ship. stufls, $22; middlings, $23 per ton, Railroad e ights— ur to Philadel ia, Oe, York, 62c. ; ft els wheat. PROVIDENCE PRINT CLOTHS MARKET, wee, R.T., April 10, 1873, Print cloths~6%e. a 674o. lor baced, staiidard wad extra, with quiet business, EUROPEAN MARKETS, Loxnox Money Marker,—Loxpox, April 10-5 P. M.— Coasols closed unchanged. United States five-twent bonis 1807's, Gahg. Ere Railway shares, 51% ened at 98% for money and 893% tor the United Staten avestwenty bonds, 1s68'a old, ¥ neforttes, 89; new Aves, WH, atid” Ee shares at Pans bounse—Panrs, April 10—P. at of. Boe. +2 to Boston, 72e.: to New Albany, Stc. Receipts by Take—18,20) bush allway ¥.—Rentes closed .—Livenroot, April 10-5 P. and unchanged. The sal ty including 2,000 for specu- 6.0 bales were American, 4 Savannah or Charleston, : pf of cotton shipped and irom the same, parts, deliverabie in nan the stock of cotton at sea bound to this jo 451,00 dalew Including 17000. American. ‘The sales oF the week have been 64,00 bales, including 7,000 for ex- 000 on speculation. ‘The stock in port is 61,000 ing 824,90 American," Tho receipts of ‘the week have be 1 24.0% bales, including 55,00 American, Actual export, 8,000 bales. Tuadk at MANCHESTER,—LiveRroot, April 10.—The mar- ket for yarns and fabric t MancUesier is quiet and un- changer LIVERPOOL BReapstorrs Manker.—Lrvenroot, April 1— The market for breadstutfs is quiet, Livsnroot, Provisions MAukEr.—Livenroot, April 10—~ 5P. M.—Beef, 80s. per tierce tor new moss. Cheese, 69s. per owt. for American fine, Lard, 398, 3d. per cwt. Loxnox Puopvck Marker.—Loxpox, April 10~—Rven- ing.—Spirits turpentine, 4ls, 6d, per cwt. Whale oil, £39 per ton, ee sa FENANCIAL. A niaArshEy & BAZLEY, BROKERS IN STOOK JA. and gold privileges, 47 kxchange place.—Ail con- tracts negotiated are first claas and wave our certifica- tion attached. Explanatory circular, with practical ns and references, mailed free. ‘OCK AND GOLD PRIVILEGES A SPECIALTY. — y contract negotiated throug! dishonored. ‘bee quosaniowe in New ILLIAM WARD. 22 Broud street, Broker in Bonds, Stocks, €c.+ ONBY TO LOAN ON BOND AND MORTGAGE, in New York, Ane and New Jersey. Pri isonly apply w SAMUEL 8. WOOD, Jr., 16 Broad- 00 LARGE SU 10) NX ON ON HAND a First 01 Bnzes elt, FO] on! a juice! SPREPDENRICH & CO. a 908 Third svehue, Au “DEPOSITS MADE ON OR BEFORE APRIL in Jo ‘Third Avenue bog os ai rer Twenty. will draw interest ‘from ‘ADE 74 ite Rent from $1 to $5, NO. KER, President. T. W. De avin MORGAN, Secretat 8, NO. 9 CHAMBERS also to buy one, two and thr fares, at low rates, wauted anediatel ans, Stocks and Securities newotiated. a transactions. ear Builders’ | FINANCIAL. TO MERCHANTS, A® Me GAZZAM COLLECTION AGENCY. Collections made in all parts of the United States United in State and ‘tates Court: by Bank- Tuptey proceedings Reliable corgespondents throughout the country. New York office, 229 Broadway. Charg moderate and ae ular rate: “AN act table to the “merchants of the city."— Evening Post. “Foremost among which (collection agencies) stands that represented De Mr . Gazzam, 29 Broadway. He has selected competent and tr ast wore. cried in every county of every State.”—Evening ‘Mr. Gazzam has thoroughly syotamatized the business, and his correspondents throughout the States comprise many of the first legal talon recommended by the judges before whom they practice, and a banker's reference 1s Se ee eae ee eee ear eed by leading is company stands ‘om r Snanch Ts of hia erty, as cin as of Cincinnatt and Pitu- burg —Evening Telegram. “A valuable institution to merchants, manufacturers and traders.” —New York Tablet, able “Our readers having clalms in America will do well to consult advertisement of Gazzam’s Collection Agency, first page o! this paper, This ‘agency. 1s Feprosented throughout the entire Con’ tof North America. references and recomme atisas are unimpeachable." Inve duardian, Londo ONT & 0, ‘a, 19 and 31 Nassau stret, issue Travellers’ Credits, available it ail parts of the world, through ne Mesers DE ROTHSCHILD and their correspondents, Also Commercial Credits and traus(ers of money on California, Lurope an REFERRED AND 200 mmon Stock of Little Rock and Fort Smith Railroad Comp: to or address FARS & STOCKER, % New str PASKINS & BRAINE, STOCK AND GOLD BROKERS Il Broad street.—Stock and cold privileges a specialty, Any one can speculate with snail cayital and hitle risk, Explanator. Jy COOKE & CO., No. 20 Wall street, New York. Exchange on ars Maal London, Pari: ~ Berlin, Frankfort, Bremen. Cable Transfe: i Ciroular Letters, Commercial Credits. JAY COOKE, KE, McCULLOCH & CO. "Lombard street, London OAN WANTED—$25,000.—A ACTURING 4 company in full and’ successful operation: ample feourity by the stock of the, company ; only principals need Apply.” Address J.B. P., cure Greshuui & Dawson, as Broad way. ‘ORTH RIVER SAVI’ corner of Eighth ave Money deposited on or draw interest trom April L. Six per cenit interest BANK, and West Thirty-fourth st. the 20th of April will t paid. ‘i cus goer iteuy. the ites i bs alagon be day, Wednesday aud Saturday evenin 0) 10 O'clock. si an su, President James 0, Bennett, Secretary. 2 OOO YAXTEDION A, BRICK COTTAGE AND 2: full Lot in Brooklyn, near ferry; worth more than double; will be first mortgage. Address NE- CESSITY, Herald office. $4000 $5,000 AND $10,000 TO LOAN—ON IM. + proved Property tn this city; will loan in Brooklyn, near Wall or. Fulton ferry. Apply. to GEORGE! B. WALTON, 21 Park row. (0. Q= 810.200 OF 815.000 To T.0AN ON BOND AND jy mort: n improved cily or country pro- erty, by RAR & LER, Attorneys, 239 Broailway, nly, No brokers ne p $10,000, Raven bonus,” GRAHAM & C illiam st. 10. 000 TO LOAN.—IN ONE OR TWO SUMS, IN $ Brooklyn, for three years; also several small amounts for firstaud second mortgaues, SAWAKD & LEAVITH, 64 Wall strect. BROOK- Hall; no York. $60. 000 ) WANTED-ON FIRST CLASS FIFTH ) avenue improved Property on bond and mortgase. Principals only address K., Herald oftice . Ww. NTED—ON BOND AND MORT- yin sums of $1,000 to $59,000; nas es Hot taxable, Aides ©, & A'L, TAYLOR, Herald office. _COPARTNERSHISS, SHIP HERETOFORE EXISTING nder the firm name of Augustus Funk & Co., is y dissolved by mutual consent, and that the sid ship will be continued trom this date unde sam: haine, by Augustus Funk alone, for the pose of wettiug'up the same. UGUSUS FUN New Youx, April 4, 1373 THE USURY LAW CRUSADE. pant aL AMEE The charge of Recorder Hackett to the Grand Jury en Monday last is beginning to be felt among the clique of money-lenders, against whom it was specially directed. Those worthies thought there was “nothing in it,’? or that any weak attempt that might be made to give it effect would be easily frustrated. Whatever may have been the basis of their calculations, they will surely find that they “counted without their host.” Combinations be. get combinations, and the “engineer is likely to be hoisted on his own petard.’’ Several of the most influential men on ’Change hailed with delight the fresh opening afferded them by. Recorder Hackett's charge to move upon the enemy's works, The sinews of war are preity evenly divided, as between the contending parties, and it only remains to be seen upon which side the law and ES, BEOD RR Fe will ve found te determine the result. District Attorney Phelps was waited upen yesterday po epson of one of the leading law firms in this city engaged in the prosecution on the part efcertain capitalists against some cliques and combinations of al- leged usurers, which resulted in the immediate issuance of a large number of subpoenas for wit- nesses te appear before the Grand Jury on Monday next. Mr. Phelps gave his assurance that the ut- most zeal would be exercised by his department to vindicate the long violated laws upon usury in presenting the cases, several by the ‘cer. tain capitalists’? aforesaid to the Grand Jury, and that he weuld himself attend bedore the Grand Jury jor (hat purpose. The names of the parties desig- nated in the complaints of course cannot be given at present. They are charged with conspiring to deiraud by purchasing money and locking it ap. for the purpose of enabling them to charge illegal rates of interest on loans, contrary to the laws of the State on usury. ‘The excitement on *Ohange when the deputies of the District Attorney with their bundles of subpeenas appeared, and dropped their missives here and there, in the ofices where parties are wanted for Monday next, was intense, and the conviction rapidly gained’ round that unishmnent fer usury was not played out in New York alter all. It will require a little “ume et be- fore such official action can be taken as will bring the whele of these fraudulent operations to light, but when once started rich developments may be anticipated, THE NEW YORK AND LONG ISLAND BRIDGE. enka eae ete ween Work Begun Upon the Rival of the East River Bridge. The work on this bridge has been commenced under the direction of Mr. Isaac p. Coleman, engineer of the Company. The workmen have broken ground at Long Isiand City, on the line of Franklyn avenue, between Catharine and Crescent streets, for the foundation and retaming walls, This bridge commences on the New York side at Seventy-seventh street and Third avenue, running parallel with the said Seventy-seventh street on its south side, over the west channel of the East River, across Blackwell's Island and thence over the east channel of said river to First avenue, at Franklyn avenne, on the Leng Isiand side. This bridge, a8 located, will be 9,500 feet in length, and have an elevation over the East River se as to give aclear space of 135 feet above hich water. Its crossing upon the island will be between the Work- house and the Insane Asylum. ‘The spans over each of the channels will be 720 feet, with an in- ter-immediate span over the island of 660 feet. It will be 73 feet 6 inches in width, accom- modating a double-track railway, a carriage way of 24 feet and three footwalks on an aggre- ‘ate width of 20 feet, There will be two towers on he island and one on each side of the vee These towers will be 206 feet high above high water at the potnt of supporting the cables, The probable cost of this great undertaking will be from three to five millions of dollars, The grade from Third av- enue to the river and from the river to Crescent street, on the Long Island side, will be 3 feet 3 inches in 100 feet. The towers and anchor piers will have a solid rock foundation, The shortness of the spans over the channels and the island, which are secured by the towers on the isiand, ren- ders it more feasible and gives it greater advantages than any other location, fora permanent and du- rable bridge, than has as yet been named, LIFE-SAVING APPARATUS ON STEAMSHIP. New York, April 8, 1873. To THE Eprror oF THE Herat, My attention was called this day to an article in your valuable paper on life rafts for steamers, also to an editorial on the same subject, Both articles would itoply that the steamers out of this port were not supplied with life rafts. The law passed py the Forty-first Congress forthe better preservation of life on board steamers plying the waters of the United States did not compel owners of steam vessels running on our bays, lakes and oceans to equip with life rafts; but to my knowledge, by their own volition, the owners of steamers ont of this port, and also other ports of the United State: afe supplying their boats with life rafts in addition to an extra supply Of lifeboats. Life rafts ure now on all the steamers running on the Sound, and most all the steamers running down the coast. The American line of iecnseane now building at Philacelphia for the European trade will have ten large Iiferafts on each steamer be- sides a full complement of lifeboats, Permit me to say it 18 @ well Known fact among mechanics connected with the shipping interest that all the European lines of steamers running to this port are miserably equipped in regard to life- saving capacity, such as lifeboats, rafts, cork mat- tresses, li/e-preservers, &c, Yours respectfully, CALKIN. 5 el REAL ESTATE MATTIRS. Extensive Sales on ’Change. Yesterday’s business was almost exelusively§cone fined to sales at the Real Estate Exchange, where @ large attendance congregated, A great number of parcels were offered and sold at very good prices, while a few of the offerings were either bid in or Withdrawn, Of private transactions yesterday we have had no notice. A number of sales of property were effected, but no publicity can yet be given of the location, &c, Considerabie activity {8 apparent im real estate in the vicinity of Mount Morris Park, which in a very short time will bgcome as fashion- able as Park avenue, from Thirty-second to Fors tieth street, on the completion of the Fourth ave- nue improvements. Parties having an apprecia~ tion of enhanced values tocome are making invest- ments in this part of the city, and cannot miss very much from reaping substantial results. 'The following are the particulars of yesterday's sales on ’Change :— Be MULLER, WiLaciNs AND Co, Frame h. and I No. Doyen st Chatham st., ALLX61 2x: Hav, 6. ge woxes 8G. Miller. 2's. DK, stable and plot of grown 2i7 iia SiN si, 9. 12D t.¢. of KI ay., size of plot Muse. Isaac Roberson, AG ; 3.8 fr. bh. two S' ‘story bi a hot BM cocner oF West With at tot S6K1001 Jacob Korn... 48 ben. and 1,307 st, n. Ww. of Sth ay, lot 24. Ts Jos ph 'Sun\ 4s bk. tenement h. Eldridge ft. Stanton st. lot nibs. 6 ‘J. i Cornell hement and 4. ‘adjoining above iL Corhell. and 1. 113 2d’ a eae, ot 21x98; J. L. Cornell BY JOS. M’GULR: 38. bk. h. and 1. No, 7 Watts st., between Rarivan and | Varick sts, lot ular; Two 5 s. bk. ten Mulberry ae togeth tt. by Birittce nett. 2x51.4, irres t houses wnd'd totem 1d und iS bout 175.6 ftw. of Canal st, ) os aid L or j ##,b. ah. and. n. a of 63th st Jot 25x100.5; Be Stnith, 48d eh. andi ns of fsx st. ay, lot goaue.2 Smith. bk be and hs 5, “4 125 fe. 8. of Madison ag st ne 8, 7h. TR w, Se Washington at, lot 21x75; Thomas Auld... +0... -41,900 Se.dk. oh, stable ‘and 1. It Watts st, 207.8 ft Varick st, lot 21.2x70x00; M. Sackett 7,000 2s. DK. h. Hots, Ait wn 1714 Ti:.64t. from. Jefferson st, lots together, 20x48 bh. si Browdway, lot 25x10; Thomas Wea rby 28, UK, b. and | No. 9 Jersey st, n. 8.. 158.8 fh @. of Crosby st. lot 19.G<10.5; 1. Weatherby 3, 28. 0k. bp, and 1, U, adjoining the above, lotii7x 673; T, Weatherby, 3 280K. hand 1. No. 19.11x67.8; 'T. Weatherby. 2s. irame h. dront and rear) and B. 8, 20) fiw Naylor Slots. 4 ¥. Weatherby 2 lots adjoining, 6. &. each B5x9 BY U. LODLOW AND CO. 2s. Dk. band 1. 301 Boycry @. 48.6 & of 6th st, lov24xsd; P. A. as . 23,300 2s, bi. h. and 1.18 Mnedougal si st, Lot Sox100; James Barclay... BY Jaye (front), 8. s. 0) 46.10 1, {2 Brooklyn Real Estate Sales. Mr. Jeremiah Johnson, Jr., sold at the Auction Exchange, Brooklyn, at puvlic auction, improved and. unimproved Brooklyn property. Tae prices and particulars will be found below 1h, and 1. No. 206 Franklin av., near Willoughby re 1 lot corner Hamilton av. Hot on Hamilton ay. near Laqueer st. adjoining. 1h, andl. on Hamilton av., near Lugueer s joining Th. and i. on Hamilion av., ‘near joining 1 lot on dia adjoining. 2 lot om Hainilton ay, 1 and Nelson ; hear Luquoer a llot on Hamilton a , corner Hear, sts . Llot on Hamiiton av. son sla, adjoint 1 Jot on Hamilton av. . ear corner Honey and Ker son sts., adjoinin Tloton Hamilton w son ats., adjoining 1 lot on Hamitton av., Near corer son sts., adjoini ng 1h. andl. corner night { ner Carroll st. and ite 1 Talman st., near Juy st THE NEW STEAMSHIP VILLE DU WAVRE. mae A Splendid Vessel Added to the General Transatlantic Line—iIer Dimensions, Accommodations and Ollicers, On Wednesday afternoon last the new steamship Ville du Havre, of the General Transatlantic Com- pany, plying between New York and Brest and Havre, arrived xt this port, making @ satisfactory initial trip. This vessel is 420 feet extreme length, 43 feet breadth of beam, 30 feet 6 inches depth of hold, and her gross burden (French measurement) 3,200 tons. She has three fall decks and her plates are of the thickness usually employed tn steamers of this character, Six water-tight bulkleads are in position and excellent workmanship is visible throughout the snip. The inotive power 1s of improved description, the engine being of the direct-acting compound durface-condensing principle, having two cylin- ders, 38 inches and 80 inches in diameter, with @ stroke of piston of 4 feet 6 inches, Steam is sup- lied by six boilers, and in this department every Mproved agency that can possibly contribute to the requirements of speed and safety has been brought into requisition, The accommodations of the Ville du Havre are in every respect excellent. ‘The main saloon, 52 leet long and 42 Jeet wide, is luxuriousty fitted. Three kinds of marble are used in finishing the pancis alout the spacious room, and white and gokl taste. fully distributed, make ita gem. Then there ara mirrors in abundance, and a piano and library are noticed in place. The first class staterooms, equal to an occupancy of 190 persons, are pleasantly fitted, while the second class rooms, capable of accommodating 110 persons, are extremely com- fortable, The saloon ior the latter passengers ig nicely furnished and very spacious, Stecrage pas- sengers are not carried on the steamers of this liue, though the Ville du Havre has room for 500 «f these, sheuld it be necessary at any time to give them passage. A ladies’ private saloon und gen- tlemen’s smoking reom are on the main deek, and bath and retiring rooms are to be found in’ pro- fusion, In fact, there are in this steamsiip ali the conveniences of a first class hotel, and all the tin- provements for loading and unloading cargoes have been provided her. She is rigged as @ three masted brigantine. The huli of the Ville du Havre Was built by Messrs. Andrew Lesile & Co., New- castle on Tyne, and the machinery constructed by Messrs. Maudsiay, Sons & Field, of London, Her officers are as follow. Captain—Marius Surmon Oficers—Kugene Garay, ‘Senéion Vie, Alphonse Gaillard, Joseph Viel, Purser— —Grelle. Doctor— —Allance, Chief Engineer— ——Parent. A CURIOUS CRAFT. ——— A Russian Auxiliary Steamer Takes Seventy-three Days from Antwerp to New York—Reviving an Old Boston Idea—Interview with the Capiain of the Finland. There is now lying at Harbeck’s stores, Brooklyn, &@ wooden screw steamer, bark rigged, which hag occupied seventy-three days in the trip from Ant werp to thiscity. But an explanation will be found in the matter when it 1s stated that her horse power is merely twenty-five, and that steam is only used when the vessel is becalmed or enter- ing or leaving port. The name of this peculiar craft is the Finland, and her captain, Lindbiom, although a Russian, speaks excellent English, Ip conversation with @ HERALD reporter esterday ho states he Finland was built at He!singfor, ia Finland, and her machinery was constructed in Sweden, The screw we can anship at will; but the smokestack i always kept standing and does not telescope, as would, perhaps, have becn advantageous When we are not under steam. The following are the principal dimensions of the ves- fea oe 130 feet; breadth of beam, 382 feet, jeand depth of hold, 16 feet. We carry very liitie coal, on!y about: torty tons, our consumption bein, about two tons aday. We carry an engineer an @ Stoker, and have sixteen hunds in all. ‘the Pin. land ts 453 tons register, but can carry about a hundred tons more. We cannot fairly be called a steamer, our screw being a mere auXil ae ve only steamed about six days on the vo: had terrific weather off the Banks of Ratoune land, Where we lest sails and drifted about tor Weeks, Jam told that this vessel is the first of its kind which has ever entered this port. The town of Abo, in Finland, possesses four vessels similar to this one, engag the Baluie and North s trade. 1am bound to Hull, in England, as soon as discharged bere, Good day, sir,” About fifteen years ago The bark Rover, of Bos- ton, was fitted up in the fashion of the Finland fr the Mediterranean trade, but the experiment proved a failure and the engines were removed. THE NEW COLLECTOR OF BALTIMORE. Barrutors, Md, April 10, 1873, Washington Booth assumed the duties of the ofMice of Collector of the Port of Baltimore to-day, vice Joun L, Thomas, Jr, whose term of office Lad exp red,