The New York Herald Newspaper, April 17, 1873, Page 11

a, EE se n FINANCIAL AND COMMERCIAL. The Monetary Stringency Bears Fruit. PANIC AT THE STOCK EXCHANGE. A Rattling Decline in Prices and Lively Consternation. A Fall of Eight Per Cent in Union Pa- cific and Western Union. ONE LARGE AND THREE SMALL FAILURES. The Gold Market Unsettled and Lower. DECLINE IN GOVERNMENT BOND WALL Srreet, } WEDNESDAY, April 16—6 P. M. On ’Change to-day cotton continued dull, with prices ruling ‘4c. easier for ‘‘spot,” and from %c. a 4c. lower for “future.” Flour was weak, Wheat ‘Was irregular and corn firm, COMPARISON OF THE EXPORTS. The total exports of domestic merchandise trom ‘New York to foreign ports for the wegk ending April 15, and since the beginning of the year, com- pare as follows :— 1871. 1872, 1873, For the week....... $8,867,399 $4,309,131 $5,421,753 Previously reported 64,481,532 66,611,421 69,398,543 Since January 1. . $63,348,931 $60,980,552 $74,! ‘NIE FOREIGN MARKET. The London market grew firmer this afternoon subsequent tothe interchange of tickets for to- morrow’s fortnightly settlement, and consols ad- vanced 4% @ 3-16 percent. United States bonds were steady, particularly for the new fives, which improved 4 per cent. Eric shares were excep- tionally heavy. The new Frencli loan was quoted @t 6% per cent premium. Kentes in Paris were dower at 56, MONEY STRINGENT. The course of the money market to-day was Shaped to a great exteut by the demoralization arising out o! the panic at the Stock Exchange and the calling and shifting of loans incident to the great fallin prices. The early rates ranged trom }y to 3 per cent—the latter extreme being paid fre- quently in the precess of “turning” stecks—the excitement and agitation attending the transac- tions being prophetic of the trouble which visited the Stock Exchange later in the day, With tne Precipitation of the stock panic and the announce- ment of so heavy a failure as that of Messrs. Barton & Alien each man was atraid to trust his oldest aeighbor, and the SCURRY FOR MONEY took so demented a character that the rate on call advanced to % per cent as a recognized figure, While as high as 1 per cent was reported to ha been paid in a few instances for the use of money | over night. The usual practice oj closing bank ac- counts at three o'clock was honored more in the | breach than in the observance, the demand for money continuing neariy an hour later, and with | great mitigation of terms to borrowers, some loans being made at as low as plain] per cent about half-past three, although 1-16 was bid in the final dealings near four o'clock. In fact, the relaxation in these late transactions was taken tu be the first symptoms of THE GENERAL RELAXATION in money which may be exp enormous shrinkage m values ai the Stock Exchange, particularily if the bankruptcies are limited to the parties whose misiortune culminated to-day and confidence among lende restored. The upshot of the money stringency may be involved in the havoc of this afternoon among the stock operators, tundreds of whom will have no need of borrowing any further at the jately going extravagant rates or, in tact, any rates, until they have scray and are prepared to tempt fortune again. Mercan- tile paper was, as m: commodity as seven-thirties, Foreign exchange ‘was nominally unchanged, but actual business was at concessions equal to and fluctuating closely | With the rates for the use of money. GOLD LOWER—117% A 1 The gold speculation opened weak and the price declined to 11744, hut rallied in the excitement at- tending the panic at the Stock Exchange and ad- vanced to 117%. Towards the close it weakened again and declined te 1174. The course of the market is shown in the table :— 10A,M. 7% 2P.M. « 1% » Ns ~ UD, iy In the gold loan market the rates ranged from 5 per cent for carrying to flat ior borrowing. The operations of the Gold Exchange Bank were as follows :— Geld cleared... Gold balances Currency balances The Sub-Treasury paid out interest and $2,300 on account of redeemed five- twenties, The European steamer took out $372,627 in silver. THE RAILROAD BONDS. The railroad bonds were ilrm, but with a smailer amount of business doing. Reck Island sevens drought 104, The following were the bids at the call as amended by prices in subsequent deal- ‘ngs:— New York Cen (s.it82. 04 Del, Lack & W Ist in New York Cen i's, 16..10i}, Dei, Lack & West = Ist, extended... nm. be}, Lack & Wi'seou.. 9S Tole Wal Istm, ux... 96 Fol a W Istin, Stu. div ss Gt West ist, 1858.20 0. Ye Gal & Chic extended. 101 Galena & Un) da Cen dstm.n NJ ecuthern Istm i Alb & bus Sd bds. Chic bur & Q's Much $67) czdm,. Cine & Alions 1. Clev & Tol sf. Chie & Act isin Chie & Aitmcome Olio & Mss con st Chie &™ Ur astu P ist m, Vol, Chic & ana ¢ dol Union Facitic Ist n 4 Union Pacitie ig 7's. 4 Union bacite i Nols Ce Clic & NW ® chic & N We bls. 59 Bur, C Rt Ma's, Istyy. 886 Gan & »tJo convert... 7 THE CITY BANK STOCKS. The following were the bids ter the city bank shares:—New York, 184; Maniattan, 160; Mecuan- 4{c8?, 188; Union, 140; America, 160; City alx, 100; Tradesmen's, 153; Mechanic ers’, 132; Gallatin National, Lis Exchange, 90; Leather Mauutacturers’, 1 merce, 115; Mechanics’ Banking Association, 107; American Exchange, 112; Irving, assan, 1075 Commen- wealth, 86; New York County, 200; Importers aud Traders’, 175; Park, 147; New York National Ex- Mercantile, 137; 122; Metropoiitan, 1u3),; Market, 12 Shoe and Leather, 152; St. Nicholas, 11 change, 90; Fourth National, 110+ SOUTHERN SPCURITIES DULL. The Southern State bonds were dull and almost neglected. The tions:—Tennessee, ex-coupon, 78 a 78! do., registered stock, oid, 36 a 42; do. 20,296 d to follow the | dup fresh margins be inferred, as obsolete a | Vola Wal 20s. css. WG Chic, M1 a ra 1374 Pitts, FW & Chive ist a1 | Luu i 2000 Va 6's, con Merchants’ hiesseces Were weak and the Missouris only steady. The new South Carolinas were firm. The following were the closing quota- i; do, hew, 78 @ 7355; Virginia, ex-coupon, 43 a 50; | Xs, CON. Bolldated bonds. 63% w o4; do., sixes. deterred | iw fe: NEW YORK HERALD, THURSDAY, APRIL 17, 1873—QUADRUPLE SHEET. scrip, 133¢ @ 14; Georgia sixes, 70a 71; do. sevens, 87 a 90; North Carolina, ex-coupon, 30 a 31; do, funding, 1866, 18 & 20; 'do., do., 1868, 18 a 20; do., new, 17 a 18; do., special tax, 14% @ 1544; Missouri sixes, 933¢ a 94; do., Hannibal and St. Joseph, 91 a 92; South Carolina sixes, 30 a 40; do., new, January ana July, 104 a 20, GOVERNMENTS LOWER. The government list was weak under the com- bined influences of lower gold and the excessive stringency in the money market and prices de- clined 4s al per cent—the more obstinate issues being the currency sixes. The changes were at- tended with little business and the market left oi dull as follows :—United States currency sixes, 1135¢ a 113%; do. do,, 1881, registered, 11534 a 116; do, de, d., coupon, 1187 a 11954; do. five-twenties, regis- tered, May and November, 112 a 11234; do, do., 1862, coupon, do., 11634 a 116% ; do. do., 1864, do. do., 11645 all6%; do. do., 1865, do. do., 11844 a 119; do, do., 1867, registered, January and July, 115 a 116; do, do., 1865, coupon, do., 1154 a 11614 ; do. do., 1867, do, do., 117% a 117%; do. do., 1868, do. do, 1d4g a 116; do. ten-tforties, registered, 110 @ 1104; do. do., coupon, 112 a 11244; do. fives of 1381, regis- tered, ex interest, 1124; a 11344; do, do. do., cou- pon, ll4a 115, A “PANIC ’! IN STOCKS. The long conflict between the holders of stocks and the owners of money culminated to-day in what, for want of an intermediate term, ts styled a “panic,” although the occassion is hardly deserv- ing of the intense nomenclature of such a word, The serious results of the aiternoon, and particu- larly the stoppage of so well Known and reputa- ble a house as that of Barton & Allen, were little ap- prehended in the early hours of the forenoon, al- though the subsequent recurrence of the exces- slve stringency in money elicited fresh fears for the effect upon stocks. Meantime, however, the sharp decline of Tuesday night had brought in a good many buyers, as well as enabled the covering of numerous speculative sales, 50 that at the start the market was strong and prices for an hour or so were gradually advancing, But the 0éte noire of tight money loomed up in ter- rifying proportions again, aud stocks reacted, de- clining slowly at first and then with a faster gait and eventually falling headlong 4 a1 per cent at each sale as soon as the suspension of Barton & Allen was announced from the rostrum of the Board in the usual littie note of “regret,” &c. We give the results of the “break” or ‘panic’ in the table below, while a special report in an adjoining column furnishes details of an interview with the suspended firm and a description of the general scene and excitement. Animporcant meeting of the directors of the C. C. and I, C, Ratroad was heid this afternoon to consider the interests of the corporation. A portion of the business transacted was the adoption of measures intended to secure harmonious and therough working connection with the several connecting lines Kast and West. HIGHEST AND LOWEST PRIC The following table shows the highest and lowest prices of the principal stocks during the day Highest, Lowest. 101 977% New York Central Erie... 2 6436 635, Lake Shore 91 hy 883g Wabash... 68% 2 Northwestern, 76 i Northwestern pre: Rock Island, . St. Paul.. sees St. Paul preferred. Ohie and Mississippi. Union Pacific, 85% 85 107% 104}5 563, 54 Ts 70M 25 and 1. 36 stern Union Telegraph, 78 Pacific Mail.......- sees BBS In Philadelphia Reading was weak and declined to 11434. Pennsylvania shares declined to 11234. THE STATE BANKS OF NEW YORK CITY. The following is tw “quarterly’’ statement of the State banks of the city o: New York:— Liabiltit . Comparisons, $61,700 Net profits... 280,000 Cireulation 8,000 Due banks. 268,000 Due deposit: tors... Unpaid = divi- dends....... 33,400,200 51,540,400 Dee, 2,065,800 98,100 Inc, 9,600 $57,675,400 Dee, $117,000 +701,900 Dec. gi, ly 400 1,625,200 Ine, 1,486,100 1,464,500 Dec, Totals.... $6 Loans and discounts .. $45,015,000 Stocks. Real es ks. 4,001,700 Cash items and vank note: Speer Legal 4,581,000 Dee, Overdrait 18,400 19,000 Ine, Totals.,.. $59,792,400 $57,075,400 SALES AT THE NEW YORK STOOK EXCHANGE, Wednesday, April 16—10:15 A. M. + 119 $172500 US 6-20, ¢, '67.93 118 Hn. G6 S20) lo 20000) be le 300000 ao. ‘su00 U ; Lue) ah vere annie Us 11 500 US o's, WAU, 00... 1ov0 do Ut 500 shs West Un Tel... 1700 th 400 do. eo a Lin ao 10 do ny do. 400 do. Suu do. 500 q i 500 U Pacific iti suo do... 30 GOi5.55 100 ate 200 uy uu a0) WN J Cen RR SWB, H&E Rie... loo AD'S ctii5 00 500 Chie & Rite. wo dow. i ley do. WwW do 100 do Su do. 20 do. lw, W& We ww" do Suu @ 400 GO. AWN Y Cal oo de 500 10 Mil & St ORR pr. 200 Mia St PRR luv 400 Su0 ow 200 400 1300 Wy 20 luv ww 100 100 oo 10 100 do, luv uy wo 20 iw 200 Ohic 100 200 300 wu Guy 1900 io ro) ou) 400 wu 50) ave do 50 Wu Eoard—10:30 A. M, $300 Tenn 100 ghs RR, 12000 de 6 Erie RR prt Isvou do. 10 do. 1000 Tenn o's, Hew 100 do. 100 Un Pae Ri kw Ov. Go. WO dow... 10 400 Mis t 100 4100 Ge 200 Sow Erie 3d im lou suvu Un Pac Ist 1m 30) 10 de 20 1.000 do. 400 10000 ie 1300 S10 U Pac Hate in 400 100 H& St e's, con luv 8000 Gal & Chie’ Ista. 1D) 200 C&RLE Pac7's, 14” 40 AO MSE P Let.Lacd a8} 100 Sh 40 20) Harlem 200 do 354 Tw ¢! Hunk. lw U SEX Oo suo 200 do 4 West Cn Fel Ww do... de de 400 a0. luv Panama Rit. Beat do. ioe do... 100 do, Lave, lwo do. ay de i) SESESS seeeee Sete anepenes Seeee8 eoees: = Be os SR SIecemare Fae 58%, 653 35 e ESESESEESZSSEESSESE! NYOUR RED do. SSSESSSSREEE mi Et t 5s 2215 and 2115 17500 US 5-20, 22000 100 US 5.20, 0, %05,n. fwes 5-H, ©, U7. 12130 P. M.—Betore Call, duce Exchange ment of provisions, Corn was les: still specially tor pork, whi Lard was Ukewise fin roceries continued quict, but were Spirits turpentine was dull and Rosin was in moderate request and steady. Petroleum was quict aud a shade casier for reflued, but rather firmer tor crude, Burren.—The receipts for the past week have been liberal, and, while prices were not decidedly changed, Choice State was gener- Provistons were market was firn and buoyant especially activ steadily held. 200 L5 &MSRK, i rt 200 Ohio & MRR: 200 $2000 8 C 6's, n, In A Jy 1000 Cen Pac RRgd bs 1400 Oluio & M * the market was 1400 shs West UnTel.b ¢ ally held at 45e., but oceastonal sales were tate, good to prime little heavy. ¢ although it has been wavering. has been fair tor the medium grades, and dealers have ywn more Willingness to meet the views of shippet home trade the demand was v Ww r, flue te fane ou to far, ry to-day was a little general market ruled quiet but steady ke. al good cargoes, eT ver, the low gr heavy. Future able excitenient. de We sum up thus:— To-day. at I87,¢., 400 at 18 70 at 700 Mil & si Ri. 10 TA SUT RK Ga Tol. W a W RR 100 Bost, H&E 1500 Ohio & M RR. 200, C&1E RR! 4:30 to 4 P. M. 355000 US 5-20, ¢, 4.6 1900 shs Pac M SS Co ih tavor of the 1 ; Extra Minnesota, ah see Kouna hoop Ohio, shipping brand Kound hoop Ohio, trade brands His, straicht extra. st. Louis, choice dow! St. Lottis, eho Southern supe ‘ormneal, Western. fornmeal, Jersey ular. White was Spring was neglecte Hm) Dushiels at $1 sales Were about mon Spring, $1 64 for fair usisting mostly of whi id $220, Other Winter ellow, 78¢, a 70. for do. jor new white Barley continued qut of State mixed, esterday swere made late nadie at 31 20, and 2,000 bush: ) bushels of daniay mained inactive and entirel: Canada was at 1 Uwo-rowed & In bond, and ot We ¥ little was accomplished in the line of @ chief hinderance or accommodation, mand for vesse WON I Com RR... pper's tavo petroleum tra : last Were To Live | bushels gram at Sd, a 8id., 200 bb siti], 30,08) bushels corn at 7igd.,_vesse 300 bbls rosin at Ss. 6d. lard at 45s. and 300 boxes at $1 31, and «to & Mediterranean. port, 1. SW, Wa W KK, A British bark hence to Gli 7 at Faitadelphia), hence to 6,000 cases refined do, said to be at 82450. ark, hence to Gibraltar, tor orders, zaubbie retin A British bari ») bbls. refined do., m Philadelpita, nit, Oe, OA. o.8 continent port i A Spanish brig, port Hl) bois. refined do., on private tert -—The market ren eee do... iW Harlem Wie, | RNa E hit marked concessions | $275 per bbl, New York, mixed frosted lots, 75c. a $1 50'per di MOLASSES, —No- cither as regards the Inquiry tor foreign hax been morerate Nn were about 0 bbls. ot Union Pacific.. 29) a $88) Pittsburg Northwest’ pe 85° a 1s, 454 Rock Island... St aul. St Paul prefs... 7h + Wabash. Ohio & Sigs an & Std Boston, H & BE. Ook Le. COMMERCIAL REPORT Cotton Dull and Easier; Receipts at the Ports, 9,211 Bales—Flour Weak—Wheat Irregular—Corn and Oats Firm—Pork and Lard Firmer=—Petrolcum Quiet and HKasy—Spirits Nominally Easier— Hosin Steady—Groceries Quiet and Un- changed=Whiskey Firm. WEDNESDAY, April 16—6 P, M, Business in the wholesale marts was a little more Steady to-day, the slight recession in the gold pre- minum importing a little more confidence, and the result was seen in an increased movement in cer- tain commodities, and a more steady, healthy tone to the markets geueraily. At the various ex- changes business was still moderate, but there was less depression and more contidence, nominal At the chief features Movement and and the absence of breadstuils market. Flour was stilt dull, with prices tending in buyers’ favor. Wheat was scarce, but dull, and, in view of tne approximation of the resumption of canal naviga- tion, shippers still held aloof, and, though prices were lowel, they were not sufficiently low to induce purchases to any considerable extent, White wheat, on the contrary, Was taken freely for milling, and prices were higher. for both old and ne firm, though oifered, to arrive, below Whiskey was firm in the face of increased re- | freely taken, ani the h was higher | though not ad a dBc, tubs, 4c, a dic. for good to prime and 37e. a die. for rh ‘tub, good to prime, Soe. Fine old State, 4c. a 450, and | B8e. a 5c. for lair to good. —The market has shown no decided change, The inquiry tor e: lor tair to prime, Laréhfi now at 1 term is Singapore a 1X shot cotton w d c. for April, 1349¢ ie. “tor July aud ive, ior tes 400 at «LUG at AS75 essed. To Hi quality not more than half a rade above or below the ux AND GRAIN.—Receipts—Flour, 15,0.7 bbls. ; when: | 31,469 Dushels;_corn, 1.10) "d “4 The flour market raed duil and pri buyer, though we make noc quotations. The sales since our last include about 7,200 bis, at prices within the Tange of our qaotations meai was steady under a ipoderate deta, comprise about 00 bbls. ot Wester ont, SL700 a a Bt 55 wauke at $I for old W 0 Rates conunued pool ate js. apples at + deetted change has occurred the demand or prices current, A ba tye hhds. of Porto Rico at Gc., and 400 bbls. of Cuba, sold 1 siniee, but ot previously reported, at sic. or H English [slant New Orleans. —im day the mark dL nominal easier: quoted 140 bbs. in Brooklyn at S8e., and in New York 75 bbls. at 58!ge., and 5) New York bbls, also quiet, But, str su . 0) bbls, at 33 3, GO bbls. No. Lat $8 75, 020 bbis. do, on private term Tar was neglect its ot turpentine was dul We heard of a sa! ‘ained was about sieady in price; We nave only to 500 Dbis. No, 2 at BB 62%, and 125 bbis good strained at 83 40, and nominal at previous figures. V ‘Tho market for Irish potatoes was very firm, ow ing entirely to the scarcity of stock. Prices have proved considerably since our Last. but are not likely to 1 at present figtires when the receipts become more 1 shipping order, Pe $4.4 $4.0; Prince Alberts, 6a $8; Jackson Whites, $2 50a sweets, $3 5) a $425 tor kiln dried. Perroveus.—On ‘Change to-day the market for refined ily easier; offered tor prompt de- 5,000 bbls. sold tor May ate tering, and a resale of contract of 2,50) bbIa. euch, May and June dast evening, at 204° held, but nominal, les, Wwe quote nominally, We. a lige. were moderately inquire! tor, and held firmly at 2e., Naphtha remained dulland enurely the market was firmer; quoted 5) on the upper road, The Phuladelphia market was ; nothing was ofered, Kefued quoted 1s. ; beef, 173 pack- lare, 2,176 bbls. and ti ket for meas pork was active and firmer. nelude 500 bbls. at $17.85, cash I4., sellers Mav, at $17 75; 2 nh 1,000 Dbis.. tor July, at SU mess at St, and 260 Dbis. of primo. mess at S13. Wo have only 4b $4; Peoriess Derights goa gt . Without buyers. Tn the absence of with bids of 26%e, or balance of month, IstONS,—Receipts—Pork, 1,072 100 bbis, at $13, cash 5 bbls. for June, at 300 bbls. extra prime 10) boxes of city 1 hogs were quict Beet was in limited di We heard of sales ot 70 ar on private t quotably change: market steady. vithin the range of $9 5) and $20 a $25 hams continued uiet and stead: request, with former pric IN Noxes dry salted «1 hams, 18 ths, average, at Myc. ; 50 boxes di and under, at Tye. 5 5,000 ate terms; othe nt We tward of sates shoulders at 7e., market tor Western was ard of sitles of h Ye. bid for more 1) tierces, sellers derately activ Cotton was were enhance: ., Without repor ss to-day iias been tair and the market les comprise about 40 terees of Carolina shye., and 225 bags of Ran r? to-day has boen ruling abont steady. The sales inelude etining Cubas at 7 15- a) hhds. centrifugal in moderate request and 530 hhds. mus- erior tocommo: xood to. prim hhds. and boxes, 7e. a Se. active, but firm, 18, We. a Whe." do., 1d to % were in demand and to RicoKetining, to cholve, 420 Mon to prime, Java—Datch standard, Nos, Manila—Superior and extra superior, aus firmly held, but quie; ec. was bid and ‘ales 30,000 Lbs, of out: and 50 hhds. of prim —Keceipts, 812 bbls. y The market was quict, nominally the improvement noticed yesterday. Sales DOMESTIO MARKETS. eSTON, April 16, 1873, » Wtsc. a Ie. it Britain, 6,416; coustwise, New Ornvans, April 10, Cotton —Demand moderate; ordinary, 12, ‘a Ibe. ; low middling, 17) pts, 5,261 bales 299. 60; to the Continent, 6.1635 last evening, 2,800. c. a 40c, Monttx, April 16, 1 ood ordimiry, We. ah Cotton, dull and irreguta low middliugs, 174ye. ; mad | bales. xpor: Mt, April 16, 1873. ipts, 85% bales, . LIS. Sales, 333, Curanteston, April 16, 1873. Net receipts, 3/7 bales, ¥., April 16, 1873, middiings, 18sec. Comunent, 45} Coastwi middlings, 18) tt $190 for amber a 82 U5 tor No. Lilo. We hoard of «a jor round yellow. acuye at 48e. tor 1 ‘She. tor'No. Lido. Osweao, April 16, 1873. 3 50 bbis., at $8 75 . $10.50 for whi Maracaito, ine. a is St. Domingo, Costa Kien, ise. Flour steady ai | erty would realize A 10 bushels Canada at gt 10, s dull, and allroad fretghts—Flour to Philadelphia, Gide. W) bushels wheat. Nl : PINANOTA OPPICE OF FISK & HATCH, No.5 NASSAU STREET, New Youx, April 14, 1873, The six per cent Gold Bonds of the Chesapeake an> Ohio Railroad Company, being secured by a First Mort. gage on a completed road—which is one of the great East and West trunk lines, commanding a large thromsts business, and which, from the immense mineral, agricul- tural and other valuable resources of the country it traverses, is assured of a very remunerative localtraMc— are among the most substantial and satisfactory invest: and, at the present price, ment securities in the marke: 8714 and accrued interest, yield a Liberal rate of interes> on their cost, ‘They are in denominations of $100, $500 and $1,090; coupon or registered; principal and interest payable tw [| gold coin in New York; interest May and November. We buy and sell, at current market rates, the Westerp Pacific Six Per Cent Gold Bonds originally negotiated by us, and 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 ant July. Price today, 91% to 95. We also buy and sell Government and Central Pacific Bonds; receive deposits, on which we allow interest make collections and do a general banking business. “eae ‘FISK & HATCH. | 00.000. Raith Weachener ana Brooktyae > bonus required, C. ‘ompany, 168 Broadway for term of yea) » Montauk Insurance Fropert, 1 COPARTNERSSHIPS. —ALL BUSINESS RELATIONS AND UON- i ns betrcen spe fobgeritiere Ang eens Gray termi ed 2 i March, A. D. fh rininated on the ab day ol peearay i ENEY. New Yorn, April 12, 1873. A. MILLIK 5 COPARTNERSHIP HERETOFORE EXISTING between the undersigned is this day dissolved by mmtt- taal consent. The business will be hereafter conducted by George Weissheiiner on his own account at the obb stand 73 Bowery. GEORGE WiSstibsIMBR, New York, April 7, 1873, JOUN HAMM, ane THE USURY LAWS. ae ects To THE Epiton or THe HERALD:— Considering that the city of New York is the finan- cial centre of this country, and that consequently the effeets of financial operations conducted within its limits are felt throughout its entire length and breadth, and to @ greater or less extent in Europe as well, is it not surprising that the representa- tives of the State of New York refuse to repeal a nominal law, which, if removed trom the statute books, would at once let loose from savings institu- tions and other sources, millions of doliars now earning a very low rate of interest, and thus have the undoubted effect after a time of preventing, in all probability, the rate of fnterest for use of moucy, even in the most active periods, from reaching a lugher figure than twelve per cent per anugum, ‘The question of the repeal of the usury law of the State of New York has become a national one, aifecting the material interest of every resident of the United states. The responsibility of the repre- sentatives of the people of this State are-very great, controlling as they do the vital interests of the whole country, because of its great financial centre being within the limits of the State con- trolled by their legislative powers. Should they retuse to remove the leading cause of financial em- barrassment and distress new prevailiig through- out the United States, then Congressional measures tor its prevention should be enacted next Winter. New York, April 16, 18% Ww. W. He REAL ESTATE MATTERS It would be decidedly wrong to say that yester- day’s (public) transactions in real estate were anything else but tame, to put a mild construction on the term, ‘The majer portion of the sales were in east side property, aud as an operator expressed himself, “the market was a little off color.” The grand feature of the auctions lor yesterday was that announced by Messrs, E. Mi. Ludlow & Co., of cleven lots on Madison avenue and Bighty-sixt) and Highty-seventh streets. Considerable speculation Was rile prior to the sale as to ine prices this prop- vine heavy “guessing” was tate that the wiseacre this ty per cent below bite done, but we regr time came at least twe uu figures. Altogetuer real estate operations are flat, probably because of the close proxunity of Last Evening. Sietse) 100 at si toil, ports —To Havre, by. ste | Hotad) ey quiet but higher last week, 10,726; | firm and in tair ° mo sales; held a four, 12,000 bushels wheat, 48.000 do. 1.000 busheis wheat, 0 do. oats and 10,00) do, barley: 0, April 18, 1873 lour quiet ant white shige, 95 an | iad 12: ‘Nye trod, Bt Lot w. 3G. Bow May, 81°70, Ce r gced, BF 05, ip! els wheat, 3,000 0) bustiels wheat, 1,400 de. corn, EUROPEAN MARKETS, oxpos, April h—§ PL M— States bonds, vew CilOW AL 83 15 a $325, +8400 a $5 25 fovea 6 by i at {3% for money aut OF United States tive-twenty boi Ten-forties, S!a; New fives at 007, sieve ~PRANKFORT, April 6—Uniter Panis Bounsr. Pants, Aprit it—Rentes S6t Manxer.—Livexroor, April 16— = 100 for spectlatie wales Gd) bales were vd from Savannah or Charleston S2uese ores Marker.—Livenvoot, April 16— Lakket.—LivERrool April 16— | can fine, Lard, 398 Manket.—Loxpox, April 16—Refined Spirlis turpentine, ls, 210 00 : 8008 365 1. £00 0. by 2604 9 19 B01. 0. b demand and lower, k etrolenm, Liga. per gallon. 16—Petroleum pale American. %: was held nominally nd, but firm at sales aggre tern ti 6544 | Se. for south. | issue Travellers’ Credits, available in all parts of the world, through the . DE ROTHSCHILD correspondents, ommercial Credits burepe ant Havana, p ESTATE FUND OF $180,000 TO LOAN ¢ 4s New York city Keal Estave. aperty, adress EX 1 transfers of money on ull deseriptic box S19 Post of LARGE AMOUNT OF MON TO LOAN—ON Bond and Mortgage; city property only; first and second. mortyages enshed: S. PREIDENRICH & CO., 006 and 908 Third avenne. TN AtSZe. a 57 —FINANCIAL WARNING NO, 2 Ceniral, Morse P chigan Southern ( Lowest price Michigan Southern (Lake =CAPITAL PROCURED, parties with sums of $. has retail or! to STRICKLAND & CO., 75 | Donations were also er haul trom stoi AND HAVE NOW GOOD c the statistics given may wond gratuity, A British ba PAC! ‘ | 70) bhids. “ot tobueco, at FACILITIES TO | ar praltar ior orders to the 2.500 bbls. refined petroleum, &\ Os. Ud., at 7s. 6d. An Utalia Hibraltar, tor NEW YORK, OFF OSITORS AS INCORPORATED ALLOW INTEREST O RATE OF FOUR PER ¢ ‘6 TTASKINS & BRAINE, STOCK AND € | married woman who, ‘rom a DAILY BALANC bis, retin » WO arrive, hence to Bret A British Pip, to ar’ ne can speculate with small capital a ¥ circulars mailed, | those who apply mentin mineral Foal name, box 4,955 Post oft $10,000 OR $15,000 T0 1 perty, by KAR & No brokers need 0, dispose of xc during the week have choiee Winter, $2 62 a ts, $2 2 a iriver mixed AN ON BOND AND ty or country pro- , Attorneys, vai the gn, “Harssen sale,” which is to be beid nox week, The land sold by t caer auctiones terday appeared, as to prices, to be m iil § thy with that Ludiow & Co. ai 7 mit the prices received in the anne the sales held on ‘Change yesierda, av. 26x102.2; ‘518,509 Solis “hitter | band 3 13,000 Llovad), the above, ¢ lis Ritter. band, 17,009 Lot aaj. the abo Vo Haraett., 1 Hotad). the ah Schutte... A700 Liot ad mn 1 lot ad Llots, irregular, 3. ™ Liot. n. side SoU st B. Sintth ph VM. Vorges . adiolning plain 215,008 y KENNELLY 48. Hast th st, 72 tt, D. Rayter 4th oft 15,008 Taeh st, 104 tt. « lot sx. 14500 story b. 8. h asi THrh “ av., lot idx Hamilton... coe DID i WILKINS AN she and 15 Lay W to Sherman av. ; B. PY. Patrevild Ses BY JERE JOMNSO: nd 1... 8, 79th st, 180 fi Isaac Bernhardt... . * dy. (ear), h. aud 1, loz Attorney st, near x1 Molane 1], 224 Bast 4th st. lot, Ss Dk. hie i lot Zu lun: or... oy witcraw AsoorT, Set bis. b. (front), 3x, DK. hh, and fs, bi. h. (rear) and 1, 698 and wg Water’ st., lot irregtlary FIFTIETH ANNIVERSARY OF THE NEW YORK ASYLUM POR LYING-IN WOMEN. The fiftieth anniversary of the New York Asylum for Lying-in Women was held yesterday, at noon, at the institution, 8 Marion str A large au- dience of triends and patrons gathered on the | occasion, Dr. Burchard presided and opened the proceedings with # brief address, in which he alluded to the beneficent work accomblished by the faithful employés. Dr. Ward read the annual repert, by which it was shown that there had been during the past fifty years 16,819 cases of lying-in, ‘Tuere had been treated during the past year {7 cases in the institution and 147 cases at the homes of the putients. During the car 1873 there had been but one death None — but espectable women who — could present certificates of marriage were admitted to the privileges of the istitution, Its aim Was to | offer un asylum to those Women tunable to obtaim kutisfactory treatinent durmyg lavor elsewhere. Many useful lives had been saved and many weary pillows soothed and hundreds of pitable sufferers relieved by the institution. ‘The report detailed the benefits, whica if characterized us hamaue ia the highest degre Mrs, Hope's invaluabie ser- vices us matron had secured to the patients a kine and judicious treatment, The financial atairs of the asyium had been ably managed by the Treas urer. The donation of $3,000 by the Commissioners of Public Charities Was gratelully acknowledged, ited to Mrs, T. A. Emunet, Mrs. J. Rovsevelt, Mis. ©. K. Garrison and Mrs. Charles A. Morford, ‘The quality of the patients admitted hac greatiy improved. “Regarding the s)ecial scope of the Asylum the report says: ho have heard & special in stitution of this Kind does not receive more patients; Dut this is not a general lving-in asylum, Jor it is designed only to furmish to Lue Tespectable y cause, may need such an asylum, the cum/lorts of a bome and te benefits of enlightened care. Ample provision 1% made in other institutions for the care of those who, though not coming uncer our rule of admis. sion, Still need an asylum. The larger namper of ave velerred elsewhere, Ours would be @ Very extensive work were we less re- stricted by our rule of admission.” THE REWARD OF MERIT. New York, April 15, 1873. To THE EDITOR oF THE HERALD: Sik—Enclosed please find the sum of $15, This amount is donated to the man who carried the $95.000 sand to purchase first and see oud mortgages in New York city aut Brookly 0 Eiskeds Wi Wall ytroet, rope from the tll-fated steamship Atiantic to the LOCKS, Let others qo Wkgwhie. CdSibe