The New York Herald Newspaper, April 16, 1873, Page 11

OR. .- VINANGIAL AND COMMERCIAL, The Money Market Still Stringent, but Easier. The Rate on Call 1-8 a 1-4 Per Cent a Dav. A FURTHER DECLINE IN GOLD. Supposed Change of Tactics on the Part of the Clique. A LEADING MEMBER SELLING OUT. An Opening Rise and a Closing “Break” in Stocks. PRIOES DOWN 11-2 A 4 PER OENT. Advance in Foreign Exchange—Government Bonds Lower and Feverish—The Currency Sixes Strong—The London Market. WALL STREET, } Tuxspay, April 15—6 P. M. On ‘Change to-day cotton continued quiet and Was sgain easier, Flour and wheat were quiet, with prices tending in the buyer’s favor, while corn Was active and firmer. THE EXPORTS OF THE WERK. ‘The total exports of domestic merchandise from the port of New York to Joreign ports during the week ending April 15, 1873, were of the aprgency Value of $5,421,753, THE FOREIGN MARKET. ‘The London market opened quiet after the Easter holidays and prices to-day have been steady for consols and United States bonds, the 67’s being especially firm. Erie was heavy and left off lower at 51%. The cable announces that £103,000 went out of the Bank of England this afternoon upon balances. Rentes in Paris were “oi” at 66.15, THB MONETARY STRINGENCY. The money market was exceedingly stringent, ag matters ordinarily go, but was much easier as compared with its more recent experience, the Yate on call having been steady between the ex- tremes of \ per cent and % per cent, “and inter- est.” The average business of the day was at about 3-16 per cent, equivalent to something like 68 per cenv per annum, the rate hardening from 3 in the forenoon to % per cent at three o'clock, when the inquiry was accelerated by the calling in of loans by a Broadway bank. Rumors were “in the air” again of intended government interference, but nothing definite was asserted by any of the parties who assisted in retailing the reports, The outstanding extra greenbacks to-night are $8,560,000, an expansion since yesterday of $160, 000. " ADVANCE IN FOREIGN EXCHANGE. The easier tenor of the money market led to a firmer feeling in the foreign exchanges, and the decline in gold enabled the execution of a good many orders to buy bills for the importers. Under these infu:nces rates for sterling advanced \ per cent, the market, which was moderately active during the day, leaving off pretty steady, notwithstanding the higher terms for money at three o'clock. The following are the new rates:—Sterling, sixty days, commer- Clal, 10634 u 19714; do., good to prime bankers’, 1079¢ 107%; do., short sight, 108% a 1085; Paris, sixty days, 5.3614 25.3134; do., short sight, 5.26% 05.2614; Prossian thalers, 7034 a 7134; Antwerp, 5.36 a 5.30; Bwitzerland, 5.35 a 5.30; Hamburg, 94 2 945; Am- sterdam, 36; a@ 40; Frankfort, 404 a 40%; Bre- mien, 94.0 0455. GOLD WEAK—118 4 11734. The gold market was weak under continued furtherand heavy sales for the “bull” clique, or at least fora party reputed to have been one of its recent members, his arguments of an advance in gold to 125 or 130 having been freely used in ad- vancing the market during its rise the past few weeks. The opening price was 118's, whence a de- cline to. 11734 was followed by a return to 118}. The dewnoward movement began afresh in the afternoon, and the price declined to 117%. The course of the market encouraged a good ceal of speculative selling by operators, who jumped to the cunciusion that the pool had broken up and that the sales to-day were the beginning of the work of unloading, the DISRUPTION OF THE POOL being occasioned by the approach of the time for the payment of the May interest on the public debt and its probable disbursement by as early as uext Monday morning. The chief fluctuations in the price of gold during the day are shown in the table :— In the gold loan market the rates ranged from 1-32 a day for carrying to flat for borrowing. The operations of the Gold Exchange Bank were as « + $75,208,000 1,614,875 +. 1,958,649 ‘The Sub-Treasury paid out $121,000 on account of interest and $200 on account of redeemed five- twenties, THE RAILROAD BONDS, The railroad bonds were steady and moderately active, the market being less atfected by the mone- tary stringency than any other department of busi- ness, The following were the bids at the call ag amended by prices in ga id dealings :— Dew York Cen 2 New Yor! Sule h ence jal a Chie Gie kd . ae 101 lorries & &: Morris & Essex 2 estern Ig, inion Facit Union Pi SOUTHERN SECURITIES ereany, The Southcra State bonds were dull, bat im Market was steadier, and might perhaps be called frm. The following were the closing quota- Hons:—Tennessee, ex- “coupon, 79 @ 79%; do, lew, 78% & 79; Virginia, ex-coupon, 43 a fo., registered Stock, Old, 86 a 40; do., sixes, cot Solidated bonds, 63% a 54; do., sixes, deferred scrip, 135; a 14; Georgia sixes, 70a 75; do, sevens, - ¥7.8.90; North Carolina, ex-coupon, 20 a 81; do, to North Carouna Railroad, 67 a 60; do., funding, 1866, @ 22; do,, do, 1868, 17 & 21; do., new, 17 @18; fo, special tax, 144 a 154; Missourl sixes, 98% 8 96; do., Hannibal ana st, Joseph, 91; Loaisiana sixes, 42 60; South Carolina sixes, 288 #; do., new, January and July, 19 @ 20; do., do., and ain October, 26.4 30; Arkansas sixes, funded, GOVERNMENTS LOWER, ‘The governmont list fell of % a Der cent in arapathe with the loos wing of tue gold ge: LB mium, the market being feverish at the dectine. the | currency sixes, for the same reason, were strong and advanced to 113%. The following were the closing prices :—United States currency sixes, 113% @ 114; do, do., 1881, registered, 116% a 11634; do, do. do., coupon, 119% a 120; do. five-twenties, registered, May and November, 112% ® 113; do, do., 1862, coupon, do., 11744 a 11734; do. do., 1864, do, do., 1174¢ @117%; do. do., 1865, do. do., 119% @ 1194; ; do. do., 1867, registered, January and July, 116 a 116%; do. do., 1865, coupon, do, 11654 @ 1165 ; do. do., 1867, do. do., 1183 & 118%; de. do., 1868, do. do., 116% a 117; do. ten-forties, registered, 111 a 111%; do. do., coupon, 112% a 113%; do. fives of 1681, régis- vered, 114% a 1154; do. do. do., coupon, 14 a DM. Bei STOCKS UNSETTLED AND LOWER, ‘The stock market was steady during the rreater Portion of the day, the easier aspect of money in the forenoon imparting a fair degree @f strength and causing @ rise in New York Central te 102%, in Western Union to 86%, and im St, Paul to 59. With the close of the second board and the ad- ventof a quarter per cent as the rate for money the market weakend, and a gradual decline sud- | S00 dently changed into a “break” at the wind-up, in which prices tumbled all the way from 1% to4 percent, Panama going down from 111 to 107, St. Paul to 55%, New York Central to 100%, and Western Union to 83%. In explanation of the de- cline the fact was announced that the trank rail- road lines had saddenly lowered their freight tariff 10 to 25 percent, On the other hand it wag thought that uss THE CLIQUE, who were getting out of gold, had “jumped upon” the stock market, to break prices down prepara- tory to a “bull speculation this Spring. Considerable excitement prevailed at the close, and some of the more timid deal- ers in stocks apprehended seriota busi- ness in the immediate future. As the market left of it promised either an early panic or a brisk rise. The opposition to the project of leasing the Cleveland, Columbus, Cincinnati and Indianapolis Railroad to the Atlantic and Great Western Rail- road Company has succeeded so far as to procure an injunction from the Courts postponing the mect- ing to vote upon the subject, which was to have taken place April 16, but is now indefinitely de- ferred. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks during the day :— New York Central Wabash. Northwestern. Northwestern preferred. Rock Island. Pacific Mall. In Philadelphia Reading was weak and declined to115, Pennsylvania shares left off at 11334. ae AT THE NEW YORK 8TOOK EXCHANGE, Tuesday, April 15—10:15 A. M. $10000 US 6's, c,, 120% $500 US 5-20, c, '67.... 118% is ua: 5-20,, 3 Cs ii 50000 do. 19 he Bi usta tt 10 A. M.—Before Call. 1300 shs NY C &4HR RR oie Board—10:30 A. M. Pi “ema | YO UR. 0. $25000 Tenn 6s, n. ram | 1000: Tenn 6s, ol ia* geuees 500 2 700 roe do. 20 7000 Un P 7's, i gs. 200 10000 Tol & W hg ‘bas i 200 5000 T & W ist, StL. 200 E. 20C& RIS 200 1000 Tol & W. 200 10000 Mor & E: 100 1000 Chie & N 100 1000 Harlem 600 3000 N & St wo 3000 St L & 200 14000 0, C& 200 2000 N 100 10000 do. 300 10 shs Merch # 100 1093 10 Continental Bank.. 81 200 (33) 42 Bank or Coen 86. «100 . 33! 200 Con of Md. ‘55! 100 33! 100 Am 3 89! 100 Wer bf 200 ios 0 } 109% 2 109 100 aT 800 100 100 — aqeneé ae baste 100 c 200 . 3 3700 50 Bu 150 Mor & Essex Ri! 903 200, JONY, Nia Thart i 1 200 20 139 400 100 Han ry Sto g 100 400 M, Kar & Tex Ri i 109 Oho &. Miss RR.bc 3 x 12:30 P. M.—Before Call. + 8 500shs Panama RR..c 108 86g rid onic io 2 Boek I ‘ees i la at Py ee RESRERSSS SS AK 1ooMil a's ft PRR. Ion v giixpieae BONY Ci aR. 400 cf 200 . 8a = . 0 He ss 100 , oe “4 _ ge) a sags eee SS2e%: peeses od SSSSELESESESS BES ESSE SESESEEEE rere ECE S lec: 9 9% 100 OLOSING PRICES—4 O'OLOOK P. M. Western Union. 83% a a 82% Quicksilve ine a i. a a Welle kng KO Ex De bia tp a 56 Am M it a 72 Us fi * s Wabi a 6 Pac! a 44) zg a Central... wy : ih Tf : a 2205 8 1s a 38 + OK a Ee COMMERCIAL | REPORT. Cotton Quiet and Easier—Receipts at the Ports 9,167 Bales—Flour Weak—Wheat Lower to Sell—Corn Firmer—Oats Firm— Bavarian, We. a We. ; Groceries Quict—Pork Active and Firm- er—Lard Firm—East India Goods Neg- lected—-Petroleam Nominal-—WNaval Stores Steady—-Wool Easy-—-Metals Quict—Whiskey Firmer. TUESDAY, April 15—6 P. M. There was no perceptible improvement in trade matters to-day, the same feeling of uncertainty and instability obtaining ia nearly all quarters. There was no let-up in the stringency of the money market, and with continued heavy imports and oc- casional failures growing out of them, while the exports are reduced to an exceedingly low figure, it is not strange that fears ofa financial crisis be- gin to manifest themselves. With the resumption of canal navigation, however, there will, in all prob- ability, be a much more active export movement in breadstufs, and with a healthy movement during the Summer it is to be hoped that the so-called bal- ance of trade may be shilted to the right side, There is no question but that the imports are alto- gether in excess of the wants of the country, the amounts in bonded warehouse being immense, and the drain upon the resources of the country from this source is unfortunately altogether too heavy, as is abundantly attested by the outflow of specie, the hypothecation of securities, &c. The high pre- mium of gold has occasioned no little alarm among the more conservative of the mercantile public, and the general derangement of commercial mat- ters, it is apprehended, will sooner or later result from it. Meanwhile business, though fair in the aggregate, is fitful, and m some de- partments irregular and unsatisfactory. There is but little activity in any department of trade, yet the volume of business from day to day presents a very fair showing. The changes in commercial values which have re- sulted from the advance in the gold premium have been comparatively few and unimportant, but ap- Prehensions of changes sometimes work more mischief than actual fiuctuations, and apprehensions will be entertained until gold shall have returned to somewhere near its normal value, or at least become settled at some point. On 'Change cotton was dull, easier and nominal. Flour and wheat were dull, and prices were in buyers’ favor. Corn, on the other hand, was fairly active and firmer. Oats were also firm. Whiskey was fairly active and firmer. Pork and lard were also firmer under a better demand, while other kinds of provisions wero firm, without de- cided change in prices. Freights were firm for vessels on the berth, but vessels for charter were more plenty and lower rates were accepted. Groceries continued niet and the mar! barely steady, particularly fc few sugar. East Ind: foods we re Fy Tected and mare quiet, but mot material! or less nominal. Metals we chi in value. Petroleum was dull and nominal Naval stores were firm, particularly for spirits of turpen- fee wee ‘was only moderately dealt in and the mar- HEs.—Receipts for the past three da: The marke’ ‘was peendy under a moder thie "demand: re sold at Pearls were entirely ement Buitping Mareaiats.—Brick, with f pale isscant. Sales were made pales 97 8 9 toe vei for common ‘ons fone e Tor ebolce do. Croton and § 2 845 for ia poste oheen in good ter prices; juoted = at Vn for “rockin a comes ~ A y for do. lump. Cement, . ler a B feral fair demand, was quoted ‘steady at per Mt air Was unchanged tae elo and io Grande mixed, it old, ge 10, 29. & 32e., do. + ‘Buenos ‘A for Southern ‘and 296. “S00. for Southern; hor’ We: vate ern unwashed, 9c. goat, 28. Plaster paris was 1% . & 10e., currency ; serena Pe ey re ton for blue Nova Scotia 2 40 per dbl. for calcined BB, Lanny were in fern, % juest and ad aa at $2 40 a $2 60 for Bastern spruce. ‘ORDAG! demand has been moderately tnir since kinds, and prices Pare. hg iteady. jot rane Caren hee fe sizes), ), Per i Thige”s 0) jr Y si plan Fo ioe aire nee eS BES cordage, 160-6 Shwpusa, Trad le has sicen Sarees rit requirements e jobbing bi shag Mk ad changed, and as follow: Sporn it Re. a tear! irket isaituaie dingl all desertp- We heard of sales of and 2,000 bees de. ex Drlvate terms.” Motors. the stock ‘or Rio in as follows :—Galves- % 498; Chariesto 184; Sth pa ordinary cargoes, 163¢c. fal 7 ood cargoes, Prime aero t government | ee: os Bie naar LO 3 ‘Agamaica * a 18e.; 81 Wis ices were about steady. 10 3 ne ©, Warwic! both on William the ut nat tn date, ton, age; ow, Norte, aitimorey 97.004; New York, 7 We quate Rios, argoes, I a | ter ‘be F marhec for ‘cotton it wi tivo and values were wholly pominal at tue Tub i ‘rades. Future delive: were oe tatead es cane Igo, WOF Mays 190 for Janes 0 5-480. we dnise August: and ize, for October. The sales re; ‘Change to-day sum up as follows:— To-day. Last Feening. bi | 333 a a iow aida rs eqn rr he the sales pave iss at te, 1G. 5 t 19 3-166. 5 900" b it 18) at 4 ae Ee ae ge cr 1) 3. vd at Wy it tal. For mitre deliver: At folloy 4B Jui ate 500 : 4 ll ears te SRRSCTSSSEc sv eseeesusse e252 wetenceSin s~Se~e~as~08 E27 a" ued de. direc ct 2,200 bbls. | perth mg British, bark eo River a pct Seba rare i ey slow for both cloth and bee ae! tew Paesnctens i eT mo —_ = ors. Bendlly eld. We quote ing tas loth “ihe. 8 a hi “ Res and te ee ats for fature delivery; Calcutta hominal 5 a anarket, for on continued Ry Hear ano Sure St ale: we = Prices nominally alec, Py de. ite Was also » Stkaw.—There has been ne material chango in prices since our last re he arrivals of hay ba ia quite liberal, but, ater a good demand, he accumulation of stock, Wo quote appa hay. fh He. Saat ida fer fe: 9, Bt; tall long e straw, rt . We: foc Tbe. aes moderate, and the mar now at Liverpool ber, at 0050, and five pel and wheat, ida tae receipts have bee ket exhibited a steadier tone, owing to more Geoggtion being shown on the part of brewers to operate. Were unchanged. We quote:—New growth, ot State Eastern and Western, 40c. alifornia, Oe, » Ble. ; English and Beigiat ‘8 We, ‘MoLasses—No sales were reported ty fobbing ols of domestics, Prices were steady, as tol lows. We quote:— Cuba, centrifugal and mixed Cuba, clayed. . Cuba, muvcovado, refining. Cuba, muscovado, grocer; Btu ‘tands. New Wasauee During ‘the been x7, quiet for all sings of pore of small lots of lake copper @ rate . SE toms of (kag: ish, best se:ected, at 30! of Spi h pig lead, on private terms: quoted at’ OMe a ninall lots ot spelter at 7: +» Bold. ‘were not dealt in to any not (ccable extent. AVAL Stones—On ‘Change today the market for spirits of turpentine was quiet but firm. Quote 5 a57c. We heard of sales of 158 bbl. at 56%2c. and 9 bbl at bre. Rosin was in falr request and strained w Pa easier, quoted at $3 30 ‘The sales inclu ined at $5 int $8 50, 00) Dols. N pati deat Sa , 900 buIs. No, 4, $4; 700 DDI Ww ; 20 pbs pale! St 297 12) vbti. ea “ier re: as ris active und nontinal at andy pric a demany apa Hally change prices. We quote Linseed, 81 in casks and $1 O1 in bbis.; crude sperm, Gl oe, Winter, 1 30; bleached, $1 75; crude whale, for Northern, Se. for Southern, 70c. @ 720. for natural Winter and 7%, 8 7ée, for bleached. Lard, Oe. a Tie. for prime Winter, And 6c. for No. Is Menhaden, 60c. "a dc" tor aclected Ught, and S9e, for choice brows. | Crude cottonseed, . ABC. ai5c. Neatsfoot eres =f 0% continued dull and ninally unchanged, yuoted at Wie. a Me. for spot or ce of month. Crude ae Dulk was quiet but fir cu bbls. sold late Tee pape Aly 10. for, > iver which was the market price inday. ty held at 2c. Naphtha wag or 8 12c. for Western and ¢! tle more activity reported, and ‘them mart et FJ ie > quoted on the on upper lower, and $2 50 at ‘oi tis. Philadel phia mark dui nominal, There was nothing offering, and dema: Refined quoted at 19! Provisions. Pig Lr em berry beet wo peek: it do. ; lard, id tleroes, a 1 tis egs. The et for m Fork wi ri opening, with sal ee? cash and April, at $17 50. easier for spot and Subsequienuy the market was & shade m decidedly higher “or future delivery. ab $17 $5. $17 40, cash Sb t 20 Pe 4 t $18; also 250 bbls. nd 250 bbls. of ex- inst., a June, at $17 88, ‘and 00 "Dba, ‘ot uninspected prime mess at tgi6 on tra prime 1 meneuior for April, at $1: tinued i ates Ina small sfrisea dnged hands a prices with shin nge sit for new plain mess Sbis.. $14 for dor extra ‘do, hm fee do. prime ch Sis tierces, and $238 do. tary) Socal Dut woe ae $0 a $35. Cut meatee The demand to today. was 0 ee, bat the market hams, 14 Ibs, average, at pores Ties’ erate eked shoxidare at The. averat micron Te de average’ os Be. poe ge, at Lo. Bacon was e higher Aiccked operations, Sales 450 boxes city 9 5-16c. and 160 boxes of bla tH a at moderate request Bal ry tlerces, cash th special ors strictly prime, at 8 es 1,800 tierces, for yuige i gta lbe. Dressed a oe, m damaad only of and small ‘A Parnn tice a Bon enaoea “doaan.—the market for taw was vary quiet to-d end prices were barely steady. Refiners were erik! ‘ae: ped to operate except at mn We note sales of 300 bbis., de: terms, aud 450 boxes crate ‘ate Pa food flr ten ige Koog ek ae 94e. + i na Bhd vo & ee hae nl a 2D ch rd, Ni te gd un Paha ‘orto fi grocery, inir to choice ard, Nos. 8 to 12, 7e, 9 10 ae ave, Manila—Superior and extra superi s.—Linseed has ruled quiet sinc: market still maintained its ‘fArmuens; quored a B's ihe $270 et Clover has ocen quiet, but stead, for three days have not exceeded 500 bay from 8 Bee, for good to choice and ¥Xc. for fan Timothy Gull, ‘aud quoted nominally ‘at $3 7: $3873.” Rongh flax was ent rely nominal, ereanuve was ffm, DuL only in moderate request Sales 80 tlerces ou the dock at dec, net to seller, 10,000 Dbl of grease stenrine at 730. Low continu quiet t but firm. The sales foot up 172 bhds., all at oe. fos cee our last has been “So Mh of but Tosacco.—Business rices ryan 3100 cases sundry ees Wisconsin seed te 180. & “op, be. a inva crop, 6c. ;al80 200 Dales: ofHavane ‘at from . to $1 ‘Wisnny.. ogy its, $52 bbls. The market was steady at the 0) ni mt subsequently closed more active and firmer. The eales foot Tp 400 bbls, including £0" bbls early, at $124c-. and the balance at 920. 1e8s has been light during the past three a the market Irregular’ Concéastoad were ne: in most instances in 00) Ibs. Onto fleece, 35,000 1 20 bales Ca iW | business; will be paid w Texas, léc. as, 15c.; 3.40. of California lain + 23.) tha unwashed eose, N00 Ibe Mehran Ibs. scoured domestic, 8,000 Ibe. Fall Colorado, 27 fase pulled wool, are on phan terms. DOMESTIO MA 10 MARKETS, roy tow) April 15, 1873, good ordinary, 1% a 1d5¥%c, Net receipia, xports, peanpes oe Wa,” Stoel tock, 61,35. Ontans, April 15, we Cotton—Demand arenes sania ry xf 13e, gyfiaary, 1s%e. a 16e, e' bales; HF Saat 4 t receip! My man Cotton fat; 1,80 bales. Bx inidatings, Exporte— Pil 15, 1873, Oot ree pts, ‘360 AS" aice rece Meroe te Nades Savansan, April 15, 1873, Cotton heavy; middlings, 1gige. “Not recelpts, Sil bales, Bales, 38. Stock, 40, Apel 18,1875, Caaauerton, rr Cotto fll and eater middling: Fd wee og se. ; good ordinary, ie! "Net reselbisr 40 ‘bales. Sales, i yn 6,755, pales aifions Tr eS Exports—' treat Britain, 4 100. Stock, 36,001, Wicmineton, April 15, 1873. Nat ld bl6c.. § a9 “stl 4 turpentine, quiet at Sze, Rosin dull at $3 6) for ‘at Wye. ie. at, i Boade turpentine stahdy, at SFEO Retain Oa 10 foe eae (ip, Maj for June. Gipcand $4 for virgin. ‘Tar firm aia an } a Os April 15, {he ports 8 Rat Olam ontentan ae Flour sendy and unchanged Sates 1100 Pls tt $3 75 | Wimmeicn, Beiorislly LAST; New York, soe; Boston, 62, | for No 1 Spring, 89 19 tor ainber pis Tora bales This day st week, ‘eon thin day Bra pi S14 for double extra. | Wheat qui ad iy i ashe ae eee te Snug, Pow loved | ‘lap eld at Began ie ap Soi es Lge. Hl le, comp 4. To Ham abut by ie.) Ba ae plfered at $111; gales steam, "To Bremen, 0 {team Hees | Bo Dat hints pall, By tard Tl0d: a Med salt, 4a. ae! y 7 Alabama, New Orleans. neh 7 ron Ge.‘ Receipts bY i feet lumber. 1 410. Af 1 ani 1 9 ros step iin a pan nant ii orrere Seni tik nates .. Recel , eipt a “O00 DLs. ha . ve! basbels wheat, 33, corn, 38, meee tates tive-twenty Railway shares, ince. aoe inst 10,000 Amert. Ls. 74. per he receipts ot report have been 14,000 —Lavauroon, April 15— heepbaleeans Lard, 398. por —Liverroon, Avril 15— Appi ts—Tattow, April 1 ePetroloum 4 oo. por owt, Linseed off, £33 5s. Pemocevm Maser Antwan, 41}yi. for fine pale American. pcs Ms Ala FINANCIAL, INVESTMENT BONDS. fie NORTHERN PACIFIC RAILROAD BEVEN- THIRTY FIRST MORTGAGE GOLD BONDS, which wo recommend asa profitable and well scoured investment, bear 73.10 per cont gold intorest, and have the following clements ot security, viai— 1. They are the obligation of strong corporation. wane its equip: 2. They are® first mortgage on the road, ments, rights and franchises. 3. They are a first lien on its net earnings. 4 Thore ts pledged, in add prigcipal and interest. a land graat of 12,300 acres per mile through the States and 25,000 acres per mile through the Territories traversed. The company is already entitled to nearly ten million acres of its grant, and its land sales thus far have Foalized $8 66 per acre. With nearly 500 miles of the road completed and in operation, the earnings for 1873 will be large. All marketable stocks and bonds are received in ex- change for Northern Pacttics on most favorable terms. ——~ JAY COOKE & 00,, TW Wall street, Now York. in addition, for the payment of Fant 1H Nassan atrost, Brcdita ‘available’ tn ait parts of the rr Lane. ee arene Neue DE ROTUSCHILD wiAlmo Commerthal Creda Calitornia, Kurope a panes 8 pezare, FUND OF 00 TO LOAN ON York city ete exkeotos boxy! a i amg! pager” stare e ‘A. KAROE AMOUNT. OF MONEY TO LOAN—ON jorigage; city property only; first and ae arth “TI's CO., 906 and 908 Third avenue, A: MONEY TO LOAN ON BOND AND MORTGAGE, i and New Jersey. Prin- WOOD, Jr., Broad: twansters of money on ‘tava LL DEPostts MADE ON f in the Tied Aveone fe will draw interest. trom Ap __Davip Monaam, Beeretary. - BUY Viner Ay SECOND MORT. asonable ane, eons ‘a Waree drat yoked. i} Porte, STANT woman % woul ——< money to en and where interview on be hse tls Herald office “aa et Alls A. —TRUST a ar, PAID IN TO LOAN AND » buy M: Real Estate, oe gait; 2,081 Post ot PECTABLE ke the loan of a small no bo onus. Ade ‘aren box fein in New Yoru vg) ae. ‘ae ARD, Broker tn Blocks, Bowls, Gold be. RN fecusiticn Tost eat companies. J. J. NAB has ray. RST MOR’ BS ON BROOKLYN : prt CETL ISR NS & BI E, STOCK cea | FARRIS 4 broad eee Bape BRORERS, Mratelg: Say ctaiss ews DLE CAPITALIS Gam FIND THE Est INVERT. ment in mine mediately by addressing, with real name, box wt olice TED—SEV: RA ry vRow oF ae RARE 4 00. No.9 Willoughby vires rokiy a. ‘ANTED 85,300 Loan ba 4 EB sToRY Len | ears, lmprovemcite pal ir 13 improvement we at enbivaton, wer ci | Baa, vonus given Xpply to OWNER, a9 th street $3. 000-88 AND $12,900 TO LOAN, ON a sr York ern oF WhSt Weal la $4,500 \() WANTED—TO EXTEND A S#HOOND cane prope for three years: Giret mortgage property. None but principals rigage om perty. by RAR & WHEE Og tetnng Foom I No brokers need apple. $8, 00 pel mg ry ty of five tircet, near Soutl Fi D.C., Herald offic $95,000 Fata mand te Dy. ne | To “LOAN—IN w corr, ow LT ETERS es | COPARTVERSHIPS, ISSOLUTION.—THB COPARTNERSHIF HERETO. between fore existing ae bee iti tay fitwcivna A aK tonent ie. en's ts horized to se ____ SANS & MICHAELIS. foray ier ‘arian 4 ‘pUurpowe porting cleat LOMENNTELY. , Aprit 12, 1873, josie Wo DUN K GRLDEMMANN CHASES TO = a Paki. business from maghe: ‘h. DOLBY 4 co $175,000 & money ct; Rec: nections betwee sul terminated on the 25th day of _Nuw Yon, April 12, 197%, a EW YORK, APRIL 15, 17. —THE COPARINER ship heretofore existing between the undersigned under the firm name of B.A. Quintam & Co. bw: boom this day dissolved by mutual | Richer barty will XN sign in liquidation, at No. 9% Ag Hiitanp. ShIDDY HERETOVORE EXISTING asel lak cor ARTNERSUIP between the undersigned is tilsday tual consent, The bugines¥ will he by George Weleeneianee oD lis OWR acco stand 73 Bow GEORGE Wk New Yorks Aprit 7, 1873, JouN AMM cantina metaioes | THE CATHEDRAL PAT FAIR IN BROOKLTY. ‘The Brooklyn Cathedral, St. James’ Roman Cath- | olic church, Jay street, which was built in 1826, being the first house of worship erected by the Catholics in that city, has recently undergone needed repairs. eh PY bed. aed that at rtle avenue. A, el it jamental THE GRAND JURY AND USURY. —-—_—__. The Secret Examination of Prominent Brokers by the Grand Jury Yesterday — Richard Schet}, Russel Sage and H. Ww. Bickley on the nd—The Frank Con- fession of a Member of the Grand Jary— He Thinks There Are Not Seventy-five Business Mon in the Oity Who De Not Violate the Usury Law. The Grand Jury room was again crowded with: bankers and brokers yesterday morning. The ex- mination was begun at eleven o'clock, out oniy three witnesses were calied. The following brokers were waiting to be examined :—Richard Schell, H. W. Bickley (fom Scott's son-in-law), E, N, Bieder- man, George Wood, A. A. Drake, James Whiteley, N. E. Dodge, Reuben Manley, J. Robinson. H. 0. Hilmers, ©. H. Smithers, W. L. Kennedy, R. Wil- Uams, Russel Sage. Mr. Kichard Schell was first examined. Althougty he was supposed to know everything about the men who had loaned money at usurious rates ho was not asked a single question in relation to the Subject. The questions that were put to him au toferred fo to the ae hueget conspiracy to lock up money. Re ete | tw? Q. Do you knew anything about the lock-up of money? A. No, sir. Q. Can you give us the names of any genticmes who have been instrumental in bringing about the stringency of themoney market? A. No, sir. And go on, ‘TILL THE FORRMAN GOT TIRED, and called Mr. kussel Sage. Mr. Schell came out smiling, and was congratulated by all the brokcra on being able to return to his office, ‘The examination of Mr. Sage was lengthy. ame. following is his testimony :— Q. Are you acquainted with the manner of bor. rowing and lending money in Wallstreet? A. Yea sir. Q. Do you know of any combinations of men te put up the rates ef money? A. I do not, sir, Q. Can you give us any name that will lead te the discovery of any such combination, if any suct™ existed? A. L cannot; but, in common with m: other citizens, 1 believed that a combination hb been formed to put up the price of gold and te make moyey dear; Lhave no personal knowledge of this, however. Q. What is your opinion as to the cause of the present stringency of the money market? A. There are several pertes: that have led to this mescty ot money—first, overnmont had paid $361,000,000 of AY indebtedness in the past fone years; second, there bad been ® contraction of about’ $10,000,000 in legal tenders by the with. drawal of three per cent certificates, AMOUNTING TO FIFTY-FIVE MILLIONS, and about forty-five millions legal tenders ha@ pe withdrawn to form a basis of the new bank- which had been organized during the peas year; th rd, there were several millions of sterling credits that had been paid off, which added to the demand for money; fourth, thera. were several stocks on the market that were selling many mil- lions higher than a yea! 0, and it required more money to carry them; filth, the ist of April was @ een Settlement day throughout New England, jew York, Pennsyivania and several of the West- ern States, which required many millions of dol- lars to hese annual settlements, and then it was the season o1 the year when money is required to commence the business of the season; it usually, yc nad io or fifteen days to get relief from these, y paymentas last ther this relief came alon; sheet he 13th of April, and, I believe, it would have been so tnis year but for the agitation of the Q. Have you enumerated all the ‘causes of tha’ resent wtringency of the Ba, market? A, Weill, might venture as an example the decrease of the bank de} nae inthe Importers and Traders’ Bank, with w! Tam connected; this decrease inj the last irty day ys AMOUNTED TO TWO MILLION DOLLARS, and about $300,000 in individual deposits; Tander- d that meng 01 the leading banks of the city also loat $2,000,000 within ee days, and that ail the banks had lost more or less, Q. Mr. what is your opinion in regard te the effect 01 usury laws upon the present money market? A, 1 believe that they have tended te moxe money much dearer than rd otherwise would have been, and that, if the laws were modified so as to leave the personal property free from the restrictions, the rates of money would rule lower than under the existing laws; but for the ‘@gitation of this question | believe the rates of otro, not be above gold interest. are your Felations with the Im ‘Traders’ Bank? Q, State whether that bank was ever engaged iw pA combination to lock up money? A. It never he What amounts of loans have you? A, Que loans average from $7,500,000 to $8,500,000 to mer- Se and business men, and about $4,000, 000 de- 2. mg, las 0 your bank received higher rates of inter- est than SKVEN PER CENT, PIR BOTLY OR INDIRECTLY? a Never, to raf knowledge beliet. ‘Mr. N. W. Bickley was “ye called.” One of the brokera, who had been waitin: long while, ex- great indignation that any preference should have been given te Mr. Bickley “because he was Tom Scott's son-in-law.” “I declare,” the broker — “the flunkyism tn this country riers A. Iam the Vico President. | Ht - to pieces.” And he smote the ‘The following is Mr. sprig be testimony :— Q. What ts the custom of borrowing money? A. custom is to give security and receive your money—paying your betel and whatever com- Mission may be charged on Rave your firm (Randolph & Oo.) been bor- yi from banks? A. Yes, sir. Q Have you usurious rates? A, No, ). Have you paid more than se G, Have you paid. more von per cent t6” To whom? A, To houses in the street; £ couldn’t name any special case and date; [ have no data with me, @ Can you "3 us the names of these ? The borrows and [ don’t think I would be © Fea te an ‘@ measure fa' seat 'e press the question I would beg te is your opinion in regard to the repeal of tee Coury eury | law? A. it would be qighly benefictal 5 the Usury pom to poate of ore It than of iy as it is not enforced. ‘bat isthe cause of the strij market? A. (with & pny be potnt and without any ri because more borrowers than lendera, pe eaugnter.) all, aed at one o'clock the brekers, who waiting two pore, 3 were told that the py ie been adjourved until - fag * indiguan a was it the Grand jury casnens take bow irom their omen from eleven tll one, and that It would hem six montas at the lowest rae ‘do this Werk. The hours of the Grand Jury WERE TOO ARISTOCRATIC IN HIS OPINION. . seg ar = re P en Bo ve! = ine en. ties whe have toaned money reek pf am Bt 'y and nobody im ahy more fnoney.” One of the urymen told me of the brokers who were exam- iped yesterday—privately, of course, there were not seventy-lve city whe did hot vi every day. The President Purchases a Peacemaker, During President Grant's late sqjourn ia New York be vietted Fair Land Farm, at Gravesend, LL After inspecting the stock, including j & thoroughered of the famous Lexington Glencoe crows-croms, several of the young were harnessed aed driven on the road im the farm to show their gait, oy ae. them, called Claymore, pleased the : HT crossing mnent of the mee Trotung Ture eid rotune a mittee Was Cay 1" Lay structions In te pre upon the application of the Drivers and Traine: Protective Assocmtion for a committee of confer. ence to discuss aGd frame «for the interests of drivers, owoers, associations and all concern a have reported, and the Sowing neir report shows the feelmg of thas jor the appeals of the traimers and TL We do not assume to criticise force among themseives SSS as Sea rwhich We can ours or im tue