The New York Herald Newspaper, May 2, 1873, Page 10

10 FINANCIAL AND COMMERCIAL. Money Scarcer and the Rates on Call Higher. EXPLANATION OF THE STRINGENCY. Combination of Normal and Artificial Influences. GOLD UNSETTLED AND LOWER. Revival of the Syndicate Matter in Con- nection with the Negotiation of the Five Per Cents, ——_+___ DULNESS AND A DECLINE IN STOCKS, Exceptional Strength of Western Union Telegraph Shares. South Carolina and the Interest on the State Debt—Amenities of the London and New York Stock Exchanges. WALL STREET, } THURSDAY, May 1-6 P, M. On ’Change to-day cotton was in better demand and steady for “spot,” while ‘futures’? were slightly better. Flour remained steady, while wheat and corn were dull and lewer. THE GOVERNMENT SALE OF GOLD, ‘There were 19 bids for the government gold, calling for a total of $3,915,000 the prices offered Tanging from 116.76 to 117.271. The million was awarded at 117,14 a 117,271. THE PUBLIC DEBT. Washington advices, in anticipation of the monthly debt statement, report the reduction of the national debt for April to have been $2,247,000. The extra outstanding legal tenders have been re- uced to $1,150,000, a,further contraction of $150,000 since yesterday. THE FOREIGN MARKET. To-day being settling-day at the Bank of England no business was transacted at the London Stock Exchange, and we have no prices of any descrip- tion from the London market. The bank rate re- Mains unaltered. The weekly report shows another loss of specie, the amount of whichis not important, however, being only £55,000, The de- cline in French rentes continues, the last price being 54. The Bank of France shows a specie gain for the week of 3,000,000 francs, MONEY STRINGENT. The scarcity of money was felt more keenly to- day, and the rate on call ranged from 1-16th to 4 percent. In explanation of the stringency it ap- pears that the Broadway Bank has called about three million dollars for disbursement in settle- ment of May interest and obligations of the city government, and some parties who had a fore- Knowledge of the withdrawal of funds aggravated the activity by locking up money, the Tenth Na- tional Bank turning up creditor this morning for fearly two million dollars, making about five million dollars taken away yesterday. It is only Gair to say that the officers of THE TENTH NATIONAL BANE earnestly disavowed complicity with the scheme, and to prove their sincerity loaned money to Wail street to-day as far as they were able. The flow of currency from the interior continues, and 4 million and ahalf was brought by the express companies since yesterday morning. Commercial paper is nominal at 9 a 12 percent discount for prime names, Foreign exchange was about the same, except that one of the prime bankers covered the asking rate for sight sterling to 10934, the asking rate for sixty days remaining at 108%, actual busi- ness being fully 4 lower. GOLD LOWER, 117% A 116%. ‘The gold market opened firm and advanced to 117%, but with the sales of May coupons weak- ened and declined to 117. Here it was reported that $50,000,000 of new fives would be forwarded to Europe before June 1 by the Syndicate, in return for subscriptions to that extent, whereupon the price went off to 116% and closed at 116%. The course of the market is shown in the table :— market the rates ranged from Sper cent per annum to 1-16 a day for carrying. The operations of the Gold Exchange Bank were as follows :— Gold cleared. Gold balances. Currency balances. « 1,418,102 The Sub-Treasury paid out $240,000 on account of interest and $2,000 on account ef redeemed Gve-twenties. The Westphalia, for Europe, took Sut $67,000 in silver. GOVERNMENTS STEADY. The government list was strong at the early board in sympathy with the then higher quotation of gold, and the '67’s sold at 120, buyer three days. Subsequently the gold issues receded about % per vent, when gold declined 34 per cent, the currency sixes being firm throughout. The following were the closing quotations :—United States currency sixes, 114% 8 11534 ; do. sixes, 1881, registered, 1175; a117% ; do. do. do., coupon, 1205; a 120% ; do, five-twenties, fegistered, May and November, 114% a 115; do. do., 1862, coupon, do., ex interest, 114% a 115; do. do., 1864, do, do., ex interest, 114% a 115; do. do., 1865, fo. do, ex interest, 117% @ 11734; do. do., 1867 registered, January and July, 11734 a 117%; do. do., 1865, coupon, do., 11734 a 117%; do. do., 1867, do. @M0., 11936 a 119% ; do. do., 1868, do, do., 118 a 118% ; Go, ten-forties, registered, 111}, a 111%; do. do. coupon, 11334 2 113%; do. fives of 1881, registered, 114.8 115; do. do. do., coupon, ex interest, 114 a 115. THE RAILROAD BONDS. The railroad bonds were moderately active and sales were inostly in sellers’ favor. Central Pacific advanced to 104 Union Pacifics were better. The following were the bids atthe call as amended by Pricesin subsequent dealings, the May interest being deducted in quotations marked with an 8x 1 New York Cen 7's, 76, 102 Erie ist m, extended. x 100 fons Loek bond: » 9% Bull, NY &b ds va * Gt West 2d m ud’ Riv 7's, 24 m ¢ Galena & Chica Alb & busud tds fs Chic. K J & Pac, Hib A Suse vas os Morris & Essex Mac | n S's, ist m, * 2 Mor Ei Chic, bur aU ep lstuc iit Gen istne NJ Cen Ista. Mich So 7 pc NJ Fouthern Istm 7 x75 Pitts, FW Chic f Pine FW 020 mn i Tol & Wab Ist, St L div. 90% Tol & Wab equip bds..x 81 Tol & % Bola 4 Louis @ Tron Mints, & Lo te. Ys Mil & St Paul7's g ned 09 MA St P ist m, 1? MD. MM Marietta & Cin Istm.... 90 Col, Chic & Inuc 86% Col, Chic 2 Tol, 2 & W, Tol, P & W, 1% Tol, PAW. Burl’ div. 6 Tol, P& Woon 7's... 74 Bost, 1 & Erte lst ri i's $8 Ged Fadi & Min 1 Bur,6 KaM 7s, SOUTHERN SECURITIES DILL. The Southern State bonds were dull, with not enough doing to test quotations, which were nom- inally steady. The new Tennesseca were exception- ally weak, one smali lot having changed hands at 78%. The new South Carolina April issues were held at 30, with 27 bid for them, against 114 a 18 for the Jnly bonds, the difference being due to the chances of snccess in the litigation to compe! inter cot payments On Uap Jormgr. Meare Morton, & Co., on behalf of themselves and other holders of the’ bonds, have sued for a mandamus in the Su- Preme Court of Soith Carolina to COMPEL THE STATE authorities to levy a tax for payment of the ac- erued interest on five certain issues of bonds, amounting in all to $3,004,000, creaved under laws known respectively as “‘An act to authorize a loan toredeem the obligations known aa the bills re- ceivable of the State of South Carolina;’? “An act to authorize a State loan to pay interest on the public debt; “An act to authorize a loan for the relief of the Treasurer;” “An act to provide for the appointment of a Land Commissioner, and to define his power and duties,” ana “An act to amend an act entitled ‘An act to provide for the appointment of a Land Commissioner, and to de- fine his power and duties, and for other purposes therein mentioned’ »—in each of which there is 4 section providing for the laying of 4 SPECIAL TAX to meet the payment of interest, as follows:—"‘A tax, in addition to all other taxes, is hereny levied upon all of the taxable property of the State sul- ficient to pay the interest on the bonds herein au- thorizeg.” The following were the closing quota- tions for the Southern list :—Tennessee, ex coupon, 79 3 7934; do., new, 7834 a 79; Virginia, ex coupon, 43248; do., registered stock, old, 37 @ 40; do., sixes, consolidated bonds, 53 a 5334; do., sixes, de- ferred scrip, 13 @ 1334; Georgia sixes, 73 a 80; do. sevens, 90 a 91; North Carolina, ex coupon, 27428; do,, to North Carolina Railroad, 55 a 60; do., funding, 1866, 17 @ 19;° do. do., 1868, 17 8 19; do., new, 16217; do., special tax, 14416; Missouri sixes, 9334094; do. Hannibal and St. Joseph, 903g a 91; South Carolina sixes, new, Jan- uary and July, 173¢ @18; do., do., April and Octo- ber, 27 & 30, NICKNAMES FOR STOCKS. The hurry of an excited market necessitates prompt expression of the wishes of buyers and sellers, and hence in the dealings at the Stock Ex- change the names of stocks are frequently con- tracted to their initials. Thus Union Pacific is almost invariably called U, P. and Pacific Mail P, M., while the sesquipedalian Columbus, Chicago and Indiana Central is shrunken intoC., C. and I ©. The initials in turn suggest new names, so that P. M. becomes “Perpetual Misery,” C., C. and I. C., “Coffee, Cakes and Ice Cream,” B,, H. and E., “Bacon, Ham and Eggs,” &c. The London brokers make a practical use of this disposition to miscall stocks and have A REGULAR VOCABULARY of nicknames for the active features of the specu- lative list. The members of our board will be in- terested in the following article from a recent num- ber of the London Investors’ Guardian:. Long names are inconvenient in Stock Exchange dealings, and similarities between names are con- fusing. Securities with long names are conse- quently generally spoken of by some abbreviation or “nickname,” and where two or more stocks have names with only some small difference be- tween them, some feature or association in one of them often supplies a name by which eer become known. The “nicknames” given in some instances are net a little ingenious. For example, Turkish Six per cents of 1865 are known as ‘‘Muttons,”’ the loan being secured in part on the sheep tax; Tarkish bonds of 1869 are known as ‘Cohens,” having been brought out by the firm of that name; and, for a similar reason, French six per cents are known as “Morgans.” In several cases railway stocks are known by the name of some place on their respective lines, as “Dovers” for Southeastern, ‘Yorks’? for Great Northern, ‘Leeds’? jor Lancashire and Yorkshire, “Berwicks” for Northeastern and ‘Brums’ or “Birmingham” for London and Northwestern. United States five-twenty bonds were commonly called “greens,” from the fact of the first issue of these bonds sprint paid off) being colored green. English and Australian copper pheres gO yy the name of ‘‘Smelts,” and British-Indian tension are called ‘Singapores.” The latest addition to these “nicknames” is that of “Dogs? which has been given to Newfoundland Telegraph shares, STOCKS ‘DULL AND LOWER. ‘ The stock market was exceedingly dull, the spasm of tight money checking both speculation and legitimate business, At the early session of the Board a temporary spell of weakness was oc- casioned by the official announcement of the fail- ure of the firm of Otis D. Swan & Co. (with lia- bilities of only $6,000), but the market soon re- covered and became steady, remaining so until the closing stringency in money, when the feeling became discouraged again and prices declined. Western Union Telegraph was exceptionally firm, and, after a sympathetic decline at the morning Board to 8434, advanced to 853, closing 84%, or just about as itopened. The greatest decline was in Union Pacific, Pacific Mail, Wabash and ©. C. and I. C., which fell off about one per cent. Other- wise the market was down hardly more than one- half per cent. HIGHEST AND LOWEST PRICES. The following table shows the highest and lowest prices of the principal stocks during the day :— Lowest. New York Central 100% Erie.... 6456 Lake Shore. 91g Wabash. 69 iy Northwestern 80% Northwestern preferred. 8534 Rock Island ory 107% St. Paul... 57 St. Paul preferred 124 Olio and Mississippi. 42% Unton Pacific 3035 C., ©, and I. C 3635 Western Union Telegraph...... 8534 843% Pacific Mall. 51% 5635 In Philadelphia Reading was lower at 115%, but Pennsylvania was firm at 113%. SALES AT THE NEW YORK STOOK EXCHANGE, Thursday, May 1—10:15 A. M. [104 812500 UB 6:20, "7.48 120 10 A. M.—Before Call. $4% 100 shs Pac MBS Co... 56! 85" 20° do. 56; $10000 US 5-20," 250 do. 700 shs West Union Tel 900 e 3300 Board—10:30 A. M. 600 she West Un Tel.... $475 23 i 72: Ge Seeeeseues SSSETESESEE 900) Nash & Dec! 15 shs B’k of Com'ce.. § Bank of Com'with, ¢ eSee. 100 Cantor low West Un wo do. egengeutezzs ESTE 268 Fae &e - $1500 US 6-20, c, #2... Called bondes:t " Eeeecsee Second Board—i P. M. $3000 73% IshsLS&MSRR.. 925 200 6 do. am) 1000 108? © 60% 7000 & cy 802 3000 Tol & Wab Istm.. 96 Bu) 10000 StL, Jac & Chilst 91 & 3000 StL & I Mistm.. 95 87% 29 shs Bik Commerce. 114 #0 Fourth Nat Bank.” 11 900 We ‘el 1100 1000 1500 3700. 0 400 SSESSSSERNS stasesecegece eegeebEasngzegegt SEESESESSSESEESESSEEEES. ESEEEESEEES: CLOSING PRICES—4 O’OLOOK P. M. Western Union. 84% a 84! 10756 a 1 Prenton on: ase Baas Bhs a ‘ope ue a 73 a » Y Centra. COMMERCIAL REPORT. Cotton in Better Demand; Receipts at the Ports, 4,215 Bales—Flour Steady— Wheat, Corn and Oats were Dull and Lower—Pork Firm—Lard Firmer—Gro- ceries Firm—Petroleam Dull—Spirits Turpentine ond Rosin Dull and Lower=Whiskey Firmer. TuuRsDAY, May 1—6 P. M. Business continued fair to-day, though there was scarcely so lively a movement as there was last week, save in a few exceptional cases, In the dry goods market there was some irregularity, many dealers complaining of dulness, while a few were kept in business in the distribution of goods. Prices remained without essential change, though generally tending in buyers’ favor, Cotton ruled quiet. rlour was steady but quiet. Wheat was dull, lower and nearly nominal at the close. Corn was also dull and lower, with but little doing at the decline. Oats were dull and decidedly lower. Whiskey was again higher under a fair demand. Pork remained very quiet but firm, while lard was rather more active and decidedly higher, both for lots on the spot and forward delivery. Greceries were firm under a fair demand. Petroleum was dull, but held with considerable firmness. Naval stores were dull and lower. Corron.—The market for “spot” cotton, under rather more inquiry, ruled steady. Forward deljyery was also in better demand, and advanced 1-16c. a 3gc. per Ib, In- cluded in the spot sales are 2,000 bales on private terms. We sum up as follows:— To-Day. Last Eo’. Total. Export. 2,6u5 25 2,980 Consum) 397 48 405 Speculation, = : 80 Total... 2,882 103 2,908 —For future delivery (basis low middling) the sales have been as follows:—Sales last evening, after three o’cloc! May, 200 bales at 18%e., 450 at 18 9-16c.; June, 300 at 18 13-16c., 400 at 183{c., 500 at 18 25-820. ; July, 200 at 19e. 100 at 18 31-32c., 20) at 18 15-16c, 300 at 19, ; August, 100 at 18 15-16c., 100 at 18%c. Total, 2,850 bales. Sales to-day, up to three P. M.—May, 100 bales at 18 9-16c., 100 at 183¢c., 100 at189-16c., 100 at 18 11-16c, 100 wt 18 21-32c,, $00 at 1884¢., 100 at 18 11-16c., 900 at 18%c., short notice; 500 at 18 2-32c., 20) at 18Kc., 700 at 18 21-80, 800 at 195¢e., 200 at 18%c., 100 at 18 11-16c., 100 at 18%c., 600 at 18 11-16e. ; June, 300 at 12%c., 500 at 18 13-16c., 200 at 18%c., 100 at 1929-82c., 800 at 1815-16c., 1,300 at 18%c., 400 at 18 16-16c., 900 at 18746, 200 at 18 16-16c., 2.100 at 196. 200 at 18 15-16c.; July, 1,100 ‘at 18 15-1¢c.. "900 at. 19c., 1,600 at 19 1-82e.. 100 at 19¢., 400 at 19 1-32¢., 1,100 at 19 1-160," 3.500 at 19. ; August, 400 at 18 15-16c., G0) at 19¢., 400 at 18 31-32¢, S00 ai 19e,; September, 100 at 17%. Total, 21, Grand total, 19,300 bales. The receipts at the bales; New Orleans, 371; Mobile, Charleston, 496; Wilthington, 61: Baltimore, 127 York, ' 752. This day, last 5 Norfolk, | 646; y steamh, com: pressed ; Bremen, by steam, Ic. ; Liverpool, by steam, 344, outside boats; suil, A 7-16d., rogular boats; 5-16d. a 34d., A 5.16d. a 4d. We quot Uplunds, Alabama, New Orleans. Tezas. oe a a jood ordinary... 168 tS 167 Strict good o1 ry 17 Wy is is’ Low middling. 18 18 18 18 Middling 19% 1 i 20) G rib4 pity 21 mi " —The quotations are based on cotton in store, runnit quality Sarthe than half a grade above or below" the rade quoted. “ Correr.—The demand for Rio was fair, but other de- scriptions were quiet. The market was firm throughout. We heard of sales of 4,508 bags Rio, ex Mary Anna, at 18ke. 19 bags do., ex Gassendi, on private terms, and Ordinary cargoe . # 18c. ; kood cargoes, rc. a I is 9¢. ., Oa W days’ credit; Java, @ 2lo. ; do., 25,208 grass wats, 20c. igo.'a 17} ion, 18e. a fe. Sc. a 19¢. 9 St. Domingo, Rica, I8c. aie. ; Mexi 1 18e. ngostura, I74¢c. a I8tgc. ; Savanilla,’ 17%c. @ 18%. Curacoa, 17440. a 18! i pod hae Ib., 60 a 90 anes credit FLOvR anp Gratnx.—Receipts—Flour, 12,859 bbls. ; wheat 15,12) bushels; corn, 23,900 do.; cornineal, 26) bbls. an bags; oats, 81,675 bushels. ‘The flour’ market, ruled fwady under a moderate inquiry. | The sales foot up about 7,000 bbls. at prices within t) Tange of our quota- tions. Cornmeal continued in good demand and firm; sales 940 bbls. at $3 Western yellow on the pier, $3 40 for do. white and $3 65a $3 7 ior Brandywine. We 0. 2 State Superfine State. eas Extra State Choice State NEW YORK HERALD, FRIDAY, MAY 2, 1873—QUADRUPLE SHEET. 619. do. New Or- Bico, 619 40. of Engtish Islands and! 2500 bbls. of New New Crop. Cuba, centrifugal and mixed. Gor Subst clayed ....... Wc. a B2c. Cuba, muscovado, refining B9ec. a B8c. Cuba, muscovado, grocery ‘Be. @ 45c. Porto Rico. 5c: a 60c: English Isla: 2c. a Bc, New Orleans Bbc. a Bc. Navab Sto! ir f turpentine was dull and lower, closing at 52c. a {om e of sales of 50 bbls. in shipping order at 524ec., 20 mer; chantable at 58c., 50 bbis. at 5%, Rosin was and easier, strained closing at $3. 1244 8 $5 20. We heard of sales of 250 bbls, strained at 244, 300 bbls of pale at 4 25, 200 bbis. do. at $4 75. was neglected, but = ally steady. Stock in x: i. bbis. crude turpentine, 3,935 bbls. irits, Is. fate a | id 6,270 of tar. Reporte trom Wilnungton were ‘et! Turpentine quoved at for bard, $5.25 for sott $8 76 for virgin dip, gang ¢. for spirits trained rosin and a Partourowe On ‘Change today the market for refined War dull, but nominally steady ; quoted at 2(c, toy May Rad die, Tor dune and Jury delivery. Crivle, in bulk, Was mactive, but firmly held at 103, for early ‘or tuture de- livery. Cases met with a light inquiry, ‘and were firm awe. ee. Naphtha was dull and entirely nominal av 10s¢. a lc. for Western or city. At the creek the mar- Kot, ‘although inactive, was very firm at previously quoted figures. Philadelphia iparket was nominally 3 ¢, for refined. Later yesterday sales Were sald to hi en made in New York of 2,000 bbls. stamdard white, for early May, at 20Xc.. and 1,000 bbls do, for last half of May, at 215¢c.: als> 2000 bb's. tor Suly, atZlc. And to-day 50) bbls, of crude, for early’ de- 5 fc. holders asking llc. at the close; 1,71 p Ly OR May, SE AO:4 2,500 bbls. of city naph- tha, for ear! lelivery, at lic. Phovisions—cKeceisits—Pork, 166 bbls, ; cut meate, 2,729 packages; lard, T Soe! pba and’ Herces and 300 Feat the market for mess pork was firm, under a moderat le~ heard of sales of 000 Bbin. at $18 80, cash 00 1 Jo) 036, ; shi ressed hogs were firm at7%e. & Beef—The market continued quiet, | wit ruling ady. In lots, about packages changed hands, | at % a $11 for new plain mess, bbis.; $12a $14 for do. extra mess, bbls. ; $200 for do. prime mess, tierces, and $23 a $25 tor do. Indian mess, terces, Beef hams were neglected and nominal, noted at $30 a $33, Cut meats—The demand continu iene for all description» and prices were rather casler without being quota We heard of sales of 100 boxes dry salte 600 pickled hams and 1,000 toose bellies on private terms. Lard—The mar- ket for Western was about steady at the improvement noticed yesterday. Sales 100 tlerces of, kettle rendered at 940. 100 tleroas of Kettle at 9840., 107 terces of new rime steam at 93¢c., rces of steam, for May, a Botte. 700 tlerces ‘of kettle rendered, for June, av i0e. City lard sold to the extent of 3H) tlercés at 9c. a Occ. le uo) lower. of Rangoon at 6%e. 07 within the range of 7c. a 8c. SvGar.—Business in raw sugar hasbeen less active to- day, but the market was. firm. ‘The sales include 500 hhds. of melado at 5igc, a 53c., 228 khds. of Porto Rico at Tage., 140 hhids. of good fair refining at7%c., and 6 do. of prime do, at Sic. Reflned was in moderate request and firm. Messrs, ©. Amann & Co, report the stock, sales and receipts as follows:— Hhds, Boxes. Bags, Melado Stock (ascertained by actu: count, includiny 1a) ‘specula- a 1034c. "Porto &ico—Refining, common to prime, 6c. a Be. 3 8c. a 0c. Braz KS, 8 ‘a—Dutch standard, uperior and extra su- perlor, Tc. a 7%. Strawn way neglected, but held at former figures Tax.ow continued quiet but firm. We heard of sales of 15,000 ibs. of common to prime at 8c. a 9c. Wuiskey.—Receipts, bbis. The market was again Xe. per gailon better, under @ continued good demand. Sules 850 bbis. at 92c. DOMESTIO MABKETS, New Onteans, May 1, 1873. Cotton in fair demand and ler, but not quotably lower, Middlings, 1sie.. Net receipts, S71. bales; gro Sa eras Guest BNtkIn STD erin the Content 4,992; coastwise, Sales 4,000; last evening, 1000, stocks 148 aM esi Monte, May 1 , 1873. Cotton quiet; middlings, 17%c. a 18e. Net receipts, 572 bales Exports, constwiv, Sales, 460. Stock, Gatvrstox, May Tee. Cotton quiet; good ordinary nominally 1c, Net re- ceipts, 435 bales. Exports, Coastwise, Bales, 200. Stock, 50,511, Cnantesrox, May 1, 1873. Cotton quiet, but firm; sales at 18%c, Net receipts, 496 bales. Exports, coastwise, 640. Sales, 200, Stock, 22,744. Savannan, May 1, 1873. Cotton weak; middlings, 18%c. Net reccipts, 755 bales. Exports, coasiwise, 632 Sales, 661, Stock, 33,89. Wirminaton, N. C., May 1, 1872, Apirits turpentine dull at $46. Rosin dull; $20 straimed. Crude turpentine steady ; $2 yellow dip ; $3 8) for virgin. Tar quie! Cnicaco, May 1, 1873. Flour dull and unchanged. Wheat opencd moderately gctive, but lower; closed quict and weuk; No. 2 Spring, 2X, Vreaulag cash or ‘teller May: $1 20% u § a seller June; No, do. $1 rejected, $c. bid. Corn ‘in fair demand and ‘lower, clos: ing rather weak: No. 2 ed at 37}¢.,' cash seller May; 40c. @ 4034¢, June; | rejected, or He. . Oats in ' fair” demand ict and a shade off from the be , Wi4e., regular, cash: 30 seller June; iN gt advanced, closing it prices of the day; No. c. @ Sic., seller May; 33% ry a 30c. ye quiet and w 2, bc. a dOigc. Barley steady; No. 2 Fi regular, 71346. ; fresh, 73c. a 80c. Pork irrewulai juiet and lower; seller $s 20." Lard quiet and ulk meats in fair demand and firm; s: middles, loose, at 8%c. Bacon steady and unchanged. Whiske: geeny, at 87c.; offerings Ver: light. Re- ceipts—7,500 bbls. flour, 22,000 bushels wheat, 19,000 do. corn, 56,000 do. oats, 3,000 do. rye and 3,000 do. barley. Shipiments—7,000 bbls. Hour, 67,000 bushels wheat, 231,000 do. corn, 65,000 do. oats and 5,000 do. barley. Totxno, April Flour steady. Wheat in fair demand and sales of No. 2 white Wabash at 205; No. 2 do, $1 changed igher; $2 05; extra white Michi- mber Michigan, seller, red, $1,805 No. 2 do. $1,7584.° Cora a hade better; sales of ‘high mixed, spot and selier, May, gc. : seller, June, 46'4c.; seller, August 483g, low mized, ‘spot, dd’. ; seller, August, 486.” Data mendy sales of No.'2 at aidye. adic. ; Michigan, 40c. ; rejected, 87igc. Freights—To Oswego, 9c.; to Kingston, Sige. tor corn, Receipts—1,600 bis.” flour, 7,000 bushels whea 46,000 do, corn and 3,000 do. vats, Shipments—3, 5,000 bushels Wheat and 37,000 do. corn. Oswxco, N. ¥., May 1, 1873. Flour steady and unchanged; sales 400 bhis. at $8 75 for No. L Spring, $9 75 tor amber. Winter, $10 50 for white Win- ter, $11 for doubleextra. Wheat quiet and unchanged; No, I Milwaukee Club held at $170, prime white Canada ‘at $2 08%. Corn firm ; sales 2,000 bushels Western at 603¢c., one car Western at We. Burley quiet; upiaks Gauadd held at $108, Corn, meal, $130 tor bolted and $) 25 for unbolted per wt. Millfeed unchanged ; shorts, $21; ship- Railroad freights— stu p22; middlings, er tor Flour, Se ential hia, oe; bs Becton, 60c. ; to New York, cerpts by Iake—In bushels, wheat, 110,000; corn, re patley,” 2800; rye, ABW" pean,” 3000; lumber, 1,870,000 1eet. HAVANA MARKETS, Havaxa, April 29, 1873. Exchange firmer; on United States, sixty days, In cur- rency, 7'4 47% per cent premium; shortsighi, 0 a 12 per cent preminins sixty days, in gold, 24% a 35 per cent remium; on London, 38 per cent preminm: on Paris, 134 a 22 per cent premium ; Spanish gold, 18 per cent pgemium. ¢ EUROPEAN MARKETS, Lonnox Money Manxet.—Loxvox, May 1.—No trans- actions. on ‘Change to-day. Pants Povasn Hanis, May 1-3 P. M.—Rentos, S4f Faankront Bourss.—FRanweont, May 1.—United State five-twenty bonds, 95% for the issue of 1862, Liyerroot Cotron Marker.—Liverroot, May 1—5 P. M.—Arrivals firmer. Prices have advanced 344. _ Of to-day §,000 bales were American. The Midaling uplans, 9d. a 944d. ; Sales of cotton shipped from ch and April at 9 1-16d. At 3:30 P. M. the sale market oj middling 01 New Orleans the market w Middling upland: . a 94d. Sales of cotton shipp and May at 934d. Laverroo. Rreapsturrs MARket.—Liverroot, May 1.— P. M.—The market is quiet. Livenroot Provisions Manket.—Liverroo, May 1— 2 P.M.—Cheese, Tis. 6d. percwt for the best grades of American fine Round hoop Ohi Kound hoop Ohio, Cemnnctoastwmcsae1, ry Southern supertin Southern extr: Southern famil; SSRRSSSHRRESHRARASES cs BS FRSESSSSTSSHRASHSRRSRRS SutwuvcrasscS a senuascawe RPMS SPSP ES EEE E PRESSE REDE ED es8ta2: 'S we? rocsee! Liverroot Propuce Manket.—Livenroot, May 1—Even- Ing.—Spirits turpentine, dls. per ewt. Common rosin, er owt. LONDON Propucr Manxer.—Loxpox, May 1—Even- ing.—Spirite, turpentine, 43a. a 43a. Sd, per owt, FTROLEUM MARKET.—ANTWERI, May 1.—Petroleum, if. for fine pale Ame _BINANCIAL. fg —Wheat was duii, heavy and lower. ‘The sal in 40,000 ouahels, at irom $1.63 to $1 60 for common Spring and $167 for No.2 Milwaukee in store, $185.8 81 40 for very inferior Spring, $2 05 tor a small lot amber, and $2 25 for choice white Winter, Corn was dull, lower and nom- inal atthe close; old mixed held at 68, In store, with c, bid. The were about 41,000 bushels, including damp new mixed early at 70c., later 6c, for do, aflont, 6éc. tor old Western mixed in store, and Tic. a 72c. for car lots of dry high mixed. Oats di id lower. The sales wero only about 26,00 bushe Bic. for black Western on the track and atioat, Sic. . w mixed Western afloat, and S340. for White Wester mar: ket closed heavy, Barley was quiet; sales, 4,000 bushels of good Western at We.; prime Canada quoted at $1 20. Rye was duil and entirely nominal, ‘REIGHTS.—A moderate business was consummated to- day in the line of berth freights, at about steady rates. 2 = 3 2 = But little was accomplished in the chartering business, and rates were not essentially changed. e engage- ments include ~To Liverpool, by steam, $7,500, bushels grain at Sid. per 60 Ibs. ; 1,000 lierces lard, 600 bales cotton, as it runs, at 11-824. ; 26 tierces of Virginia tobacco, 2s. 6d.; Idhhds. of Kentucky do., 458: 60 tons of bone dust, 273. 64, To London, by steam 15,000 bushels at 94d. 4 2,000 bbls. thour, by sal, 24. 94. 700 8, by do., at3s 6d. To Antwerp—20 tons of measurement 048 82s, 61. ; 100 boxes bacon and 20) tlerces of lard at x. Gd; $0 hhds. tobacco at 47s. 6d, The chal in. clade: A German bark | (now here), hil: adelphia to Bremen, 6, bbls. nef 6 ry CY American bark to ie, soul Guba and back, with «o-hhds sagar, is British bark trom Baltimore to Beltast direct, uar- ters grain, at 6s. 6. The Norwegian terday for crude oll, takes naphtha { is. 3d. Note—Mesars, Fu 4 Co. have their tclebration of thelr twenty nh year sa si pprowere on celebrat renty ear Ae ‘Nouassus.—The market Contini inquiry asiae ® moderate fair; ba irom at a8, DO ‘Sethe arcs ree veg hc Bek —JAY COOKE & CO, A. ‘No. 20 Wall street, New York, Exchange on London, Paris, ar! Berlin, Frankfort, Bremen, Vienna. Cable Transfers, Circular Letters, Commercial Credits, on JAY COOKE, McCULLOCH & CO, t 41 Lombard street, London. Cable Transfers upon Vienna direct. =MONEY TO LOAN ON BOND AND MORTGAGE, in New York, Brooklyn and New seems: Prin- only apply toSAMUEL 8. WOOD, Jr., Broad- room 10. cipal way, AHA GOUD «AND STOCK PRIVILEGES A, SPE. + clalty; good mames at the best rates; no privilege Sapusiered ieigaehy ine ettee weap ares danigaceet: gan sin New fe. Fina) ke, ee ee 2 Brond street, Broker in Bonds, Stocks, Gold, de. ALitOck AxD coLD PRrvitears, Parties eae speculate can do so safely and ‘small capital by buying privileges. Write or call on vr ASKING RBRAING. Broke! 11 Broad street. Explanatory circulars mailed on application. =U | BROADWAY.—LAPSLEY & BAZLEY, + Brokers in Stock and Gold Frivilegos $100 wil purchase a Pot or Call for 100 shares; $125 for $50, 0 further risk; first class nai nm all contracts, reterences, nailed free. bi SSESSMENTS.—SAVAGE SILVER MINING COM- pany, ete goin per, share,delinquent May 9, sale jay 27; wuld & Curry Silver tata Company, Popeye at gS Bak Pn sn eereeeped ESS WRLLEE, Sie street. LE New Yoru. Angi) 80, 147! tion), April 1, 1873. 25,969 27,002 134,886 2,161 Regeipts since Apr: 59,932 49/574 43,199 3,471. Totals .......... MOL 76076 178085 5,032 Sales since April i: 36,264 6 = Stock this day, May 1, 1873... 50,934 40,812 172,885 5,682 Comparing with stock, 1, 1872... 50,798 $4,405 1,602 1, 171. ~ 43,962 50,715 168,559 5,056 Msi tne with stock, May 1, 1870.. +, 88,684 97,199 839,868, =We quote —Uuba—Keiining, interior to commion, 6c. & 7%. ; lair to good fair, ane: a 7%e.; good to prime, Sc. a Sec-{ Rrocery, fair to good. Bice. a ¥ige. 4 prime to choice, ¢, abe. ; centritugal, hhds. and boxes, 8c. a 93¢c. ; mo> lasees, hhds and boxes, 6c. a 73gc. ;'melado, 4c. a 6c, Havaha—Boxes, Dutch ‘standard, Nos. 7 to % 76. a 7%c. 5 do., 10 to 12, 7%e, a 8c. 3 do., 13 to 15, 83¢c. a Mge.; do., 16 to 13, 9i¢0.'a ze. ; do., 19 to 20, luge. a 10%c. ; white, 930, BT ¢ANCIAL. Bh: LARGE AMOV wr oF M To LOAN ON NEY A Bond and Me pizage; Fire and Second Mortgages cashed Pi SPAIN AGHT 2, a 6 Tied arene Boys Ay.o MORTGAGES FOR SALE—PIRST, OF pee. A 1, of 12 per cent off; oat" argalte Saddrens OWNER, 240 Broadway. MeA"0racturers AND MERCHANTS’ BANK. (ASE ae cS ERE "as apon the solvency, of the Manufacturers and Mer- Foquow of ths oifcereg the ham, mae an enamuoatin ol 18 nk, made a fato its condition at the elose of busiuess this day, with the follow Bills discounted (estimated value) ‘Loans (estimated yaine).. serene Gheaapenko and Oho wuss (ciiiniaied valde) Real Hatate (estimated value)..-- a Specie, Cheek on Bank in Due trom panks......... Liabilities other than capital—1 Posited, viz ONEY IN VARIOUS 8UMS TO LOAN ON IM- pores city Property; also Money for first and sec ond Mortgages. THOS. A. & ROBT. EMMET, 36 Pine st. OO WANTEDCFOR ONE, YEAR, SECURED ° by mortgage on one fifteenth’ interest in © Goodyear estate, Address, ior interview, A. B. C., box 121 Herald Uptown Branch office. $10 00 WANTED—ON LOT OF DIAMONDS, . worth trom $25,000 to $30,000, for tour months. Address, for two days, stating interest, 5. F. E., Herald office. $62. 50 TO LOAN—ON BOND AND MORT. 0 e, Without bonus, for a term of years, on real estate in this city. JOHN F, CONREY, 162 Broadway, room 9. 970.000 WE HAye,THS AMOUNT TO BUY . + good First and Second Mortgages on lew York, Rrookiyn and Westchester county property, money ready. Apply to C. K, DEUISUH & CO, 3) Broadway. COPARTNERSHLPS, vee ISSOLUTION OF COPARTNERSHIP.—THE CO- partnership heretofore known by the name and firm of A. Aufenanger & Co., is this day dissolved by mutual consent. ‘The successor, Mr. John A. sumed the liquidation of ali accounts. . ANTHONY AUFENANGER. JOHN A. BERNHOLZ. New Yore, April 29, 1878. ISSOLUTION,—THE COPARTNERSHIP HbRET‘ fore existing between the undersigned, under the name and st ol ‘Thier; Do, terminates ay by limitadon, Y RUGUSEH THIERY, iad JOHN B, RICHMOND, SANUEL RICHARDSON. ‘The business will be continued and accounts settled by the original members ot the firm, under the same naine, A. Thiery & Co. STE TH sY, Brooxirx, May 1, 18783 SAMUEL RICHARDSON. EW YORK, MAY 1, 1873—THE COPARTNERSHIP heretofore existing under the firm name of Daniel Coger & Son is this day dissolved by mutual consent. The business will hereaiter be conducted by John J. Coger. on EL COG IN J. COGER, 480 Water street. OTICE,—_THE COPARTNERSHIP HERETOFORE existing under the firm name of Powell, Clark & Shearer, wholesale fish dealers, is this day dissolved by mutual consent, POWELL, CLARK & SHEARER, Naw You, May 1, 1873 The business Will be continued by Powell, Clark & Co. ‘OTICE.—ON AND AFTER MAY 1, MR, WILLIAM Payne retires trom the firm of F, Derby &Co. Mr. F. Derby has associated with him Mr, William Welch, and will continue the business under the same firm namé ot F. Derby & Co. All claims against. and all debts due, will’ be liquidated by the firm ut their place of business, No, 8 Clinton place. . DERBY. Naw Yorx, April 30, 1873. WILLIAM PAYNE, HE COPARTNERSHIP HERETOFORE EXISTING between the undegsigned under the firm name of Dwyer & Co., or Dwyer & Van Name, is dissolved at this date by mutual consent, PHILIP .J DWYER. Avni 30, 1873, H. M. VAN NAME, AVING THIS DAY ASSOCIATED WITH ME MR, Leopold Bernheimer, 1 refer to the annexed an: nouncement, and thanking my frionds for past favors, I respecttully solicit a continuance of the same for the new frm, M, PUTZEL, New York, May 1, 1873. HE SHIPPING AND COMMISSION BUSINESS Beruholz, has as- atory circular, with practical illustrations and, heretotore carried cn by me at 5 Broad street is dis- continued from this date. All unsettled business will be attended to at 343g Pine street. + LEOPOLD BERNHEIMER. New Yors, April 30, 1873. ‘HE PARTNERSHIP HERETOFORE EXISTING under the firm name of Reid, Leo & Content is this day dissolved by mutual consent, either pariner having the right to sign the name of the firm in Uguidation, JAMES G. REID. ARNOLD LiO. New Yor, April $0, 1873. NOAH CONTENT. The undersigned have formed a copartnership, to.date from May 1, 1873, to conduct a gencral banking aid brok- erage, business tinder the firm name of Reld & Content at 19 Broad street, JAMES G. REL NOAH CONTE HE UNDERSIGNED HAVE THIS DAY FORMED A copartnership, under the firm name ot Pi & Bernhelmer, for the purpose’o! transacting nking alty), and brokeraze business (commercial, paper Ot 3434 Pine street. MAYER PUTZEL. ‘New Yous, May 1, 187% LEOPOLD BERNHEIMER, HE UNDERSIGNED HAVE FORMED A CO-PART- nerahtp, to date trom May 1, 1673, to conduct the a if manufacturing and ling in cigars. Roane - ABRA ‘AM GREENHALL. LEWIS CASPER, THE PUBLIC DEBT. WASHINGTON, May 1, 1873. The Treasury Statement for April—The Debt Reduced Over Two Millions of Dollars. The following is a recapitulation of the public debt statement :— DEBT BEARING INTEREST IN COIN. Bonds at 6 per cent. Bonds at 5 per cent. Principal $1,748,305, ' Interest. 39,569,024 DEBT BEARING INTEREST IN LAWFUL MONEY. Certiticates of indebtedness at 4 per €eNt........ causal Navy Pension fund at 8 per cent. Certificates at 3 per cent.... 738,650 567,200 $678,000 ee + $14,898,009 DEBT ON WHICH INTEREST HAS CEASED SINCE MA- TURITY. $2,524,550 321,194 DEBT BEARING NO INTRREST, Old demand and legal tender notes.... $357,231,584 Certificates of deposit. 25,120,000 Fractional currency, 45,664,625 Coin certificates. . ° 24,787,400 | Principal...... + $452,803.610 Unclaimed interest. : 16,604 | Principal Special deposit held for redemp- _ tion of certificates or deposit az provided by law..........+ teebs Total, ... sssecsscvecees sees $106,004,311 DEBT LESS CASH IN THE TREASUR: 25,120,000 May 1, 187: + $2,153,489, 155, April 1, 1873. + 2,156,736,641 Decrease of debt d st month 2,247,485 Decrease of debt since March 1, 1573.6 3,891,544 Decrease of debt from March 1, 1869, March 1, 1873, 368,082,559 | BONDS ISSUED TO PACIFIC RAILROAD COMPANY, IN- TEREST PAYABLE IN LAWFUL MONEY. Principal outstan Sree $64,623, 512 Interest accrued and not yet paid. 1,292,470 Interest paid by the United States. 5 18,509,289 Interest repaid by transportation of B mails, &c..... ae ec ace 4,195,433 jalance of interest ni States...... Ltn soe 14,323,842 . OHARTER OANDIDATES. The Rush for Place=How the Public Archives Are Accumulating—No Names Yet. Mayor Havemeyer was early at his office yester- day morning, according to his custom, and stayed late in compliance with the necessity forced upon him by the great amount of public business he has at present to transact. Contrary to expectation, as expressed by many of the quidnunes, he did not send any nominations to the Board of Aldermen yesterday. He, however, signifled an intention of abiding by the decision of the Corporation Vounsel in Te to his previous appointment of a new Board of Excise, and, as will be read elsewhere, the members took possession of the Department yesterday. The anxiety about otier places in the Mayor's gift was unabated. All day long a stream of visitors passed into and out of his private office, and it is doubtfal whether a dozen oi them called upon business not connected with the appointments, A tew were friends, whose ped Mayor Havemeyer is pleased to have, and he remainder were “bores,” whose absence was more desired than their counsel or their impor- tuning appeals for ofiices tor themselves or for their friends. Mr. Wilder, the Mayor’s private secretary, has quite a heavy addition to Mis ordi- duties in the receipt and reading of written ications for td ition, and ‘oi ie amount on | average per’ day. In some letters = bear as many as twenty to thirty endorsements of noted politicians and patriots in support of the petition for place of ag individual. these letters are filed awa; T being endorsed, and that, as @ ‘cneral thing, Will be. the last of them. If would absurd to expect Mayor Havemeyer to read them all, so they are the pub! oe rhaps acen' erapin of great THE CITY REVENUE. —— The Permit Bureau and Its Internal Manage: ment—The Growing Disregard of the Lew for the Abatement of Sidewalk Ob- structions—The Work of the Bu- rean for the First Quare . ter of the Year. The bureau for granting permits for depositing goods on the sidewalks, signs, hoistways, show- cases, &c.,i8 one of the most important attached tothe Mayor’s office, and recently letters have reached the HERALD office complaining of the manner in which the ordinances are disregarded by merchants gnd traders, and asking what dis position is made of the revenue accruing from the permits. With a view of ascertaining . WHAT ABUSES, IF ANY EXIST, in the granting of permits to merchants and others, the collection of a revenue therefrom, and the enforcement of penalties for violations, a re- porter of the HERALD has made careful investiga- tion, and he finds that in nearly all the streetg of the metropolis the law is daily violated by retail as well as wholesale dealers, who, having taken out license for one privilege, neglect to de so for others, while MANY PAIL TO TAKE OUT A LICENSE at all, From Mr, Wardell, chief clerk to the Mayor, who has jurisdiction over the Permit Bu- reau, it was ascertained that the revenue go farina this year has been so small that it has not yet been paid into the City Treasury. The revised ordinances of 1866 provides that all applications: for showcases, signs, stands, streetways or hoist- ways shall be approved by the Aldermen and As sistant Aldermen of the ward, for which YEES FROM ONE DOLLAR TO TEN DOLLARS SHALL BE: CHARGED, and an amendment thereto fixes the fee for signa at from one dollar to ten dollarsa year. The De- partment of Public Works claim jurisdiction over the signs running out at right angles and ob! ly from the buildings: but all other permita for are granted by the Mayor’s officials. It is believed. that, properly collected and husbanded, these per- mits should return a revenue of FROM ONE HUNDRED AND TWENTY-FIVE THOUSAND: DOLLARS TO ONE HUNDRED AND FIFTY THOUSAND DOLLARS PER YEAR over cost of collection. If the violators were prosecuted vigorously a much larger sum might be renpger and many abuses that stil) exist be cor- Tecter UNDER THE NEW CHATRER all moneys shall be turned over quarterly to the Chamberlain, and a verified settlement of the amount filed with the Comptroller. No provision ig made for the salaries of the clerks em pitts the business; but that will be provid yy the Board of Apportionment. The receipts of the burea in the first three months of the year are small, but in May, June and July they usually’ reach high figures, these being the months when, most of the permits are taken out or renewed. THE RECEIPTS FOR THIS YEAR, since the Bureau bas been under charge ef Mr.’ Weiss, are as follows, the number of permits im: these months being given in the last column :— Loar Perm srt Ba For February. $136 bier For March. . M3 a For April 2,298 A in the past this Bureau has been A PLACE FOR SHELVING MANY SINECURES at good salaries, when the whole service could bet done by four clerks during the months of May,) June and July, and two men during the othe! months of the year. In 1866 the returns, acco! to the Union League Committee of Political form, was but $23,077; in 1870, only $3,749, and; 1871,’ after expenses of col'ection, but $11,924, will be seen by the following detailed statement:— PERMIT BUREAU—MONTALY RECEIPTS AND BXPENDI~{ TURES FOR THE YEAR 1871, a Fe 2,749 2 ie 4 i M $43,900 year and thes eckek oe Pans rupeperenreite December 30, 1871 ngod Total es and The report continues thus: From this table it a ars that the expenses Or, if the previous year is taken, 1870, when ts ported as received, and the expense re, at the cost of receiving money at the fall ‘Tammany government in was ninety per cent the amount received. Under such management isnot strange that the debt of the city is now $10,000,000, and the people are oppressed with city county taxes and assessments. SPENDING NEARLY THRER THOUSAND DOLLARS TO COLLECE SIX DOLLARS, The most remarkable feature of the table ts that in the month of April, 1871, the expense of receiving $6 was 32,842! Inthe month of March, in the same year, the ‘ammany receivers of money seemed to have been Thar grant wad only 82 Inthe month of February, ‘was onl the "Epanse ‘of receiving $194 was $2,840. os THE RUSH FOR PERMITS AND RENEWALS for this year has already commenced, and for many hours yesterday Mr. Weiss, his regular as- sistants and ae or ea bes Fs other departments were actively employ: no issuing then. Heretofore there Were attached to the bureau A SMALL ARMY OF SINECURE who drew their salaries of $100 per moni many of them made, it is alleged, twice per month by blackmailing business men. nuisance is ae i ite ‘and the Ay of in- spectors are performed by oe Magoe's lice, under Captain Leary, quite acceptably, it is believed. hi ‘ Wit op rty of the clty there is ne being the public prope: ’. reseeas why the merchants who occupy them should not pays Tevenue into the treasury; yet hundreda fail to do 80. The reporter conversed with many police officers on the subject, and the general complaint is, that no matter how oiten they report a violator, in a. few di AVS gHR NUISANCE 18 RENEWED, | and they express the belief that the offence ig overlooked, or the fines remitted at the City Attor- ney’s Office, to whicn all complaints are sent for prosecution. It is not an uncommon thing for am ollicer to find on the Bowery, Kighth, Sixth, Third, Seventh, First and other avenues, and in Vesey, Bleecker and otber streets, where rel business is carried on, the whole sidewalk, from house to curb, with the exception of three or feur feet, obstructed by merchandise, and upon examin- ing the permit they find that it merely ane permission for a coai bex, a show case, or @ shutter xX. ‘The reporter's personal investigations confirmed. these reports. During a careful examination of THE WEST SIDE OF THE BOWERY, from Chatham square to Bleecker street, on. Wednesday afternoon, he counted no less than "i and on the east side 577 obstructions of a character he a under Bg omy ye Cae not in- clude awnings, soda water, apple, paper and ped-- ler’s booths nor signs, Other streets are gqually’ ucted; yet we find no abatement of the e' that has become in crowded thoroughfares an in- tolerable nuisance, and so annoying that it is dim- cult ior pedestrians to pass each other without. their skirts sweeping the wares of the trader into. the gutter, and drawing down upon their heads- the curses of the owner, The Corporation Attorney’s Office. Investigations made at the office of Mr. Ruggles, Corporation Attorney, resulted in discovering that the receipts have been more for the past quarter than for any previous one under the old régime, when it was the practice to send out from the office an inspector to make special eg? of violations, and, a8 & matter Ol course, the result would be an increased number of prosecutions. Of, the 6,000 complaints filed for the last all were made by the municipal police, with the ex- ception of about three hundred, made pe by citizens, The following are some statistics of the office for the quarter ending April 30:— Total taints filed. Ot which there were b; Total sults brought. Judgments satistied Judgments still outstandiny Total cash secured tor quarter® aa A number of suits are still pending, while have been dismissed for lack of evidence or cause. other REAL ESTATE MATTERS. ‘The Exchango was virtually closed yesterday, owing to its being moving day; consequently no public transactions occured there, The iollowing private sales have been reported, however :— Mr. V. K. Stevenson, Jr., sold four together satin Seether ga scgae® o Moring se Pak an & Friedman sold one lot on the north- Les west corner of 146th street and Grand 24 11X) for $13,500, This lot was sold last for $6, Bach & Pebiemann sold the five story the southwest corner of Norfolk att Moaeton,