The New York Herald Newspaper, September 14, 1873, Page 7

| PINANCIAL AND COWMEROUAL, A SENSATION IN WALL STREET Failure of an Old House---Tho Effect Upon the Market. STOCKS FLUCTUATING. ‘Who Next P-The Uncer- tainties of the Hour. GOLD UP TO 12 AND DOWN AGAIN. The Bank Statement-—-More Than a Million and a Half Below the Legal Reserve. Government and Railroad Bonds } Steady. WALL STREET, } SarurpDay, Sept. 13—6 P, M. Om ’Change to-day cotton was qutet and irreg- ular for ‘spot; ‘futures’? ruled easier. Flour ‘was in demand and steady. Wheat was in better Supply and lower. Corn was the turn dearer, and Oats were steady, THE FOREIGN MARKET. ‘There are no special points of interest to be cited ‘im this connection beyond the general fact that wonsols and American securities are firm. No ‘cbanges are announced, and the late quotations Bre as follows:—Consols for money, 92% a 92%; do. for account, 92%; five-twenty bonds of 1865, old, P55; do. of 1867, 9534 a 95%; ten-forty bonds, 90% ; new fives, 9134 8 91%; Erie Railway shares, 47% a 87%; new French loan, 7% a 7% per cent premium. United States five-twenty bonds of 1862 at Frank- fort were easter at 97. Rentes at Paris were lower Bs 58f, 5c. THE MONEY MARKET. | Money was abundantly offered at the close of the market to-day at 56 and 6 percent. Prime mer- bantile paper was nominal, the rates for choice ames being 9a 12 per cent. Foreign excnange Was dull, with 60-day bills quoted at 108}; a 1085¢ and sight at 10934 a 10934. THE BANK STATEMENT. Much interest has attached to the present bank statement, inasmuch as it was iooked upon as the turning point of the money campaign. It appears, fhowever, that there is a deficiency in the reserve jofmore than $1,500,000. Last year, at this time, ‘there was an excess of $1,599,700, The then total Weserve was $60,892,000, against $57,159,000 now. The loans were $284,650,000, only $100,000 ‘lesa than this year. The specie on hand ‘was = $12,787,000, against $20,442,000 now and the legal tenders $48,105,600, against $36,717,200. In 1871 the excess over the Jegal reserve was $5,003,500, and they had not then | “been so poor fora long time.” These facts and ‘their relationship to the present condition of affairs 8nd its various developments are worthy of con- Bideration, Still further analyzing the bank state- ment of the week, it appears that the State banks @re £271,600 below the 25 percent reserve and the mational banks $1,144,125 below, which makes the sum total of $1,515,725. Last week the State banks ‘were $989,900 below, showing a considerable gain on their part and a continued Joss now by the na- tional banks. The percentage of the national banks is 24.44 and of the State banks 23.74, the ‘average being 24.35. The following is a compari- son of the figures of the past two weeks:— Sept. 6 Sept. 13, Deferences, $288,374,200 $284,536,200 Dec. $3,838,000 ‘21,767,000 20,442,200 Dec. 1,324,700 27,355,500 27,388,400 Inc. "27,900 212,772,700 207,317,500 Dec. 5,455,200 88,679,900 36,717,200 Dec. 1,962,700 The following shows the relation between the total reserve and the total liabilities :— Sept. 6. Sept 13. Differences. 767,000 $20,442,300 Dec. $1,324,700 88,679,900 "36,617,200 Dec, 1,962,700 Tot. reserve $60,446,900 $57,159,500 Dec. $3,287,400 Cireulation... 27,355,500 | 27,383,400 Inc. .” 27,900 Deposits. 212}772,700 207,317,500 Dec. 5,455,200 ‘Tot. liabilities$240,128,200 $234,700,900 Dec. $5,427,300 25 p.c.res’ve 60,032,050 68,670,225 | Excess over 25 p.c. res’ve 414,850 = = Defici’y in 25 Bp. ©. res’ve, — 1,615,725 Dec. 1,930,565 RAILROAD BONDS qere steady. We note the following transactions at the Board:—New York Central sixes, 1883, 924; Long Dock bonds, 91%; Union Pacific Railroad, Orst mortgage, 794; Union Pacific sevens, land grant, 72272%; Chicago and Northwestern, con- solidated 89%; Toledo and * Wabash equipment bonds, 81; Hannibal and St. Joseph eights, con- wertible 82%; Central Pacific goid bonds, 993¢{ Chicago, Rock Island and Pacific sevens, 101% a 401%; Burlington, Cedar Rapids and Minnesota Grst, 86; Columbus, Cincinnati and Indiana Central second, 63, An important advance may be noted im Burlington Cedar Rapids and Minnesota. The following were the bids as amended at the call:— New York ven v's, Jol & Wab Jstm ex, Rew Xork Cen 6 Wab >i ney ol ter, A wincy & ol Ist, 9... lena & Chic 2d + 8 Chic, R.1& Pac, 113g Morris @ Essex 105 ‘NJ Cen Ist m, new... .104) Potts, £1 W & Chictst. ..105' Pitts, ¢tWaChie 2d mI Clev & Pitts ehic & Alton Ist m. ‘Ohio € Aisscon s Gol Chic a Ind © a.m Fol Peorle & War. WD ity Tol P & War, Bur Div. $3 Tol, P & War, 2d m. ‘ Bost, & E Ist m 4 Cedar F & Minn Ist m.. 75% Bur.¢, & Min K 1st7e,3 86 $8,000,000 MORE RAILROAD BONDS, ‘The stockholders of the Chicago, Alton and St, {Louis Railroad Company met in Chicago on Friday aud decided to authorize an indebtedness not ex- Weeding $4,000,000, and securing the same by mort- @age, to cancel the bonded indebtedness of the the company and furnish means for stecl rails, Gouble track, rolling stock, &c., for increased traf. fic. It is proposed to set apart $3,470,000 for retir- ing a like amount of mortgage bonds falling due at diferent periods. Of the remainder, $4,530,000, it 48 proposed to sell $1,500,000 this year, the proceeds to be applied in a bridge over the Mississippi River, &t Louisiana, Mo., of which the company will be the sole owner. GOLD FIRM. ‘The gold market to-day was rather active, the Price moving from 111% to 112, At the close, how- ever, after much pounding, the decline was % per cent. Business has been well distributed in this @epartment, and # singular feature of the specuia- tion is that those who recently were have gow become bulls, on the ground, as they allege, that there is not enough gold in the market to “go @round,” which must necessarily result in an ad- wance, The rates paid for carrying to-day were 3, 2, 1, 6and 4 per cent, and flat for borrowing. The Pices of gold to-day were :— His 12:51 P. M. mly% 69 P.M. 11 w MG The operations of the Gold Exchange Bank to-day ‘Were as follows:— i NEW YORK HERALD, SUNDAY, SEPTEMBER 14, 1873—QUADRUPLE SHEET. ‘me Clearances snow ® marked depreciation in business as compared with the past week, CLEARING HOUSE STATEMENT, exchanges.. Gold exchanges fer week. Gold balances for week... OUR FORBIGN COMMERCE, ‘The foreign commerce of the port for the week was a8 follows :—General merchandise imports, in- cluding dry goods, $6,657,605; produce exports, $5,556,354, and specie exports, $510,962, The total ‘merchandise imports since the 1st of January were $290,631,362, against $317,219,454 last year, and $270,352,711 in 1871, The total exports of produce since January 1 are $195,785,581, against $151,598,555 last year, and $158,824,806 in 1871, The total ex- Ports of specie since January 1 are $30,905,478, against $57,251,876 last year, and $54,296, 209 in 1871, THE UNITED STATES TREASURY. The receipts from customs to-day were $334,000; the receipts from internal revenue, $260,000, ‘The estimated receipts of the latter for the month are $9,000,000, The Assistant Treasurer to-day paid out $37,000 on account of interest, and $178,000 in redemption of five-twenty bonds, GOVERNMENT BONDS, These were firm. Thirty thousand of five-twen- tles, registered, of 1867, Were sold at 115%; filteen thousand do,, coupons, at 116%, and fifty thousand five-twenties of 1881, coupon, at 112%, besides other smaller transactions. The prices quoted @re as follows:—United States currency sixes, 112% +& 113%; do. sixes, 1881, registered, 116% @ 117; do do.,,do,, coupon, 117K a 118; do. five-twenties, registered, May and Novem- ber, 11434 a 115; do. do., 1862, coupon, do., 14 @ 115;do0, do., 1864, do., do., 115 & 116; do. do., 1865, do., do., 116.8 11634 ; do. do., 1867, registered, January and July, 11534 @ 116; do. do., 1865, coupon, do., 115% a 116%; do. do., 1867, do., do., 116% a 116%; do. do., 1868, do., do., 11644 @ 117; do. ten-forties, registered, 118; do. do.,,coupon, 113; fives of, 1881, coupon, 11296 @ 112%. SOUTHERN SECURITIES, The business dore in this department to-day was limited, We quote :—Tennessee ex-coupon, 81 @ 82; do., new, 80% a 81; Virginia ex coupon, 42 a 48; do, sixes, consolidated bonds, 514 @ 5134; do, sixes, deferred scrip, 11% 912%; Georgia sixes, 67 a 75; do. sevens, 89a 91; North Carolina ex coupon, 27 @ 23; do, funding, 1866, 17 a 18; do. do., 1868, 16 a 18; do., New, 16a 17; do., special tax, 10 a 13; Missouri sixes, 91% a 92; do., Hannibal and St. Joseph, 8834; Louisiana sixes, 45 @ 49; do. new, 41 a 45;+ do, levee sixes, 65 a 57; do. do. eights, 55a 60; Ala- bama fives, 45 a 50; do. eights, 70 a 80; South Caro- lina sixes, 82; do. new, January and July, 14a 15; do. do, April and October, 27 a 2834; Arkansas sixes, funded, 88840; Mobile and Ohio Railroad, Sterling, 90a 93; do. interest eights, 84a 86; New Orleans and Jackson, first, 93495; do. do., second, 8790; Memphis and Charleston Railroad, first, 85 @ 87; do. second, 74 a 76; Memphis city’s 51 a 53; New Orleans city’s, seven per cent, 55 a 57; Savan- Dah city’s, seven per cent, 77a 81. THE STOCK MARKET to-day was for the moment nota little affected by the announcement of the suspension of Kenyon, Cox & Co., a house that Nas possessed the. utmost confidence in the street, and through a series of years owned a reputation equal to the best. It is understood that Mr. Daniel Drew 1s associated with them as one of the partners. and that it is through him and a certain relationship with Canada Southern Ratlway paper that the firm have been thus involved. ‘he suspension is believed to be only temporary, and, should it prove so, hun- dreds of friends of the company will extend their congratulations in the same proportion that they now exhibit sympathy and proffer aid. The Ex- change, in consequence of this event, was in a fever- ish conuition during the early part of the day, and prices fell off from 1 to 4 per cent. Later, how- ever, there was a recovery, which, in some meas- ure, attested the strength of the market and its natural power of resistance to the strongest de- pressing influences. Aiter this incident followed the bank statement, and it was but natural that prices should take a lower level. The actions and reactions of the day may be briefly stated. Wabash, from reasons already given, deciined from 633, to 5934, rallied to 6134 and closed at 60%. Western Union receded from 91 to 88%, advancing to 90%, falling off to 894; and still later selling at 904¢ a 9034. Rock Island fell off to 105, with a rally to 1063; anda close at 10534, Lake Shore was exceptionally weak, going from 92 to 9034, rising 1per cent and closing at 90%. Central sold lower at 10434 a 10334 @ 103%. The extremes of Northwest common were 614, a 58%, the close being 1 per cent betver. Pacific Mail sold at 4414 a 425; @ 433g. Union Pacific went off from 25 to 23%, rallied to 25 and closed at 24%. Harlem closed at 1283, 2131. Panama at 11544. C., C, and IJ. C. sold at 28% a 28%. New Jer- sey Central at 1014¢ a 101%. Obio and Mississippi showed the extremes of 3334 a 3734, with a close at 8734. Hannibal and St. Joseph sold at 34.34% @ 33%. St. Paul varied from 47% to 46, with a close HIGHEST AND LOWEST, The following table shows the highest and lowest Prices of the day :— Higi Lowest, New York Central and Hudson River stock consolidated 104% 103% 5035 59 92 90% 6336 59% Northwestern......-. + 61s 68% Nortiwestern preferred. 184 17 Rock Isiand.......... 107 106 Milwaukee and St. Paul 41% 46 Milwaukee and St. Paul pre: 69% . 69% Ohio and Mississipp! 88g 87% Union Pacific..... py 23% . O. and I. ©. 29 28 Western Uni 91 8936 Pacific Mail. Ma 4255 SALES AT THE NEW YORK STOCK EXOHANGE, Saturday, Sept. 13—10:15 A. M. $3900 US 5-20, r, 67.be 115% $2500 US5's, 10-40, 1 Yo000 US 6-20, ©,'67..... less eign had as 10 A. M.—Betore Call. 2000 she WestUn Tel... 9% 100shs Erie RR........ 59% 1500 do. M1” 10H & StJo RR... M4 3100 do 9% 100 Un Pac RR. 25 30) do. 9 ery mo 7 700 aif at 5 500 ™ = do 1000 00 do oy 109 mt 800 0d 9032 700 . 9 di 500 Pr yoo di 9014 300 mi wd wi 300 soo di 9° wo Ph wo 89% GW 237 it 80% 500 Fs 10d Bos 100 23 7) de 893g 100 61) Su a 200 wD 500 Pac M 44iq 100 oo 300 do 4454 10) 207 ow di “” 10 do. 106% soa se 3 do. + 106% 1600 de 43) 300 U83_, lw a 4355 500 106% Ww do. 435% 100 10534 20 di 43% 400 106 1m a 43% -800 0844 rar 435% 1000 ~ 108 4 di 3% 600 3846 30 43\4 500 38 100d 4335 500 31% 8) di 453i 500 37 3) do. 20 37 1400 do 45° 100 68 wy 4% 20 6 600 do. 4% 700 5d 425 600 61 1000 do, 28 po 6 wn do. 423 Wy 61 70). do. 3° 60 a SONY CAH RER... 1044 800 00% wd 1” 99, 61 18% 600 fo 108%, 20 13g 200 4 Bu 46% 200 46'¢ 200 45" 1001 a 91% 100 98 100 sis soy 90 500 91g B00 wo oh, 400 20 21° 40 400 90% 30) boo or” 100 i wh 00 mn 100 $2000 300 woo. i ioe img do. $000 10D, La wW wo Un Fe 10 Phe i 88 1000 |. Jou Chie 10 do. 1000 5 $0 do. 5000 H & 8¢ fs mw = do, Suede Ri eee be ws an Ge be 2000 “20, 101% 3100 do... . 1000, 8s ee 68 3 N = € foie § a 1 = do 106 a 500 do. Cy 200 do. 1 8 ‘500 105: “4 100 Eri oo, 106 au eB 600 Ls aL 700 on 87! 100 a1 87 200 91 37 100 914 300 1200 9. M4 20 913% 100 346 100 9 0. 20 vids 100 rt 1000 on 286 900 91% 80 29. 1000 915g 100 Bex 00, 91! Be 100 My 500 Fry = i ite do. x 700 West U1 89% po 40 do, 8 u 1000 do. 80% 500 24 00 do. 89) 24 0 a x FY 0. 2B 80 do. 89 46 409 do. 896 & #0 = do. B03 1 46 600 = do. be 46 20 do. 80 "9.4 200 do + 500 do, 46 00 do. too 48% 400 do. bsg wD 463 200 do. 888 100 rr 400 do. 400 46) $00 ao. 190 600 do. £95— 200 20 do: fo 30 i 0. 200 do. 8913 600 Ft 400 do. 200 6. 10, do Bus by) 60% a" do, 803% 900 @ 200 do. 0h) 100 60. 20 do 100 60) 1000 do. 300 6) 120 do. 100 © 0 do. 94 100 64) e BS is ry 0 3 g Fy 100 ‘9054 100 tos 400 Wh 60 cy 200 200 by 200 200 wo 100 100 e 8% | 100 200 60% 00 C 600 ro) 100 100 606 100 500 6 100 cm) 0% 100 200 0” | 100 100 COM 12115 P. M. $2000 U 8 5%, c, '8l..... Mays P. M.—Berore Call. 100 shsLs &MSR..53 91: 100 do. 3 a $5000 US Lud U 8 5-2 900 shs West Un Tel aS na 200 ‘300 500 HS ren) We 300 a 1200 10) Rock 1 Wk | i wd 800 lv do. bid 40 do. 700 do. uo 1wC&N W 200 luo do, % ‘Ce NW RR 300 800 Ohio & MRD. os 7% 100 Go... bd 8B 200 I 10 100 by 100 Un Pac TO do, 100 a 700 do, 4w Pac M88 Co. 400 a » 100 ” ‘4 1° 100Han & 8 ee 94 100,C &IC RR. + 28% Second foard—{1 P.M. 10000 BH & Bist.b c 303% 100 ahs Ul ; io shaW Un Tel...be Fgh ham chaveetemn ee 0. 100 oo 10) Adams 100 Wells Fargo Ex.be 160 Erie RR p < SESSESEESEES SESEEESEEESS 3S Begeee OLOSING PRICES—3 O/OLOOK P. M, Western Union. a 87 2 Wells-Fargo Kx a am Mer Un Ex. a 43) 103} 29 & BOSTQN WOOL MARKET. M4 Boston, Se) 1873. Sales ot wool continue ona large scale, Bie: tranenc- tions during the past week ing amounted to over 000,000 pounds, and, all, grad pear to be well sus- taine 1, while for choice fine fleeces and combing and de- laine fleeces the rates have e strona upward tendency, No mai 1 Moe has taken place during the past week, but the extreme prices of last weok have been ble lot Medium and extra are now quoted at Wc. a 5c. and treble extra aud 6) pounds havin; nm raeing from ie. to ate. 8 of to consum disposed (of to cotisniners at a rapid 4 Gp, Sbout ice lots of Northern ke ot domestic wool are rate. Recen: lots of Ohio, Pennsylvania and Virginia fleeces, ‘S6c.; Michivan medium extra and double extra, combing, 6c. A Nevada and lake, Blea 38c. tab, ‘Sie. a 06! caret . a 56! tt supetane and extra pulled 6's 5 Gall EUROPEAN MARKETS, Money Manzet—Lonvox, Sept. 18, 12:90 P. M.— 18, 9255 a 92% for both ey and the Hallway shares, Gi. 8h, Werte Matlteag ohare Bovnsx.—Lonnon, Sept. 13, 4 P. M.—Despatches conn onwene, Nest. 4 P. M—A de. gpateh trom Frankfort quoves United States five-twenty LiyeRroou Corron Manxet.—Liverroot, Sept. MOF the sales tonday 6,000 bales were Americnn. ge uplands, deliverable November and December, on asis Of good ordinary, at 8%d. shipments of cotton from Bombay for the two weeks ending September 12 have The id un- conve! a fr epecuiation aid ex Pr go i ee or Oriedna, 7 5 new cro; 2P. M—The market for breadstufts it. D Ls % Propuce MARKET.—LIVERFOOL, Be) AVERPOO! pt. Evening,—Spirits turpemtine, Ss perewt Spirits petro- leum, 11d. per gallon. HAVANA EXOHANGE. Havana, Sept 1873.—Exehange quiet—on United tk fs currency, 40.0 40}, Rrerataa short days, go! 13, tates, sixty de do. ais a 854 do. She 8 58 do; sight, gold 878 do.; 61a 83 do. fe thsg do; ou London, Endo’ Insurance ies, Mortgages and other urea” Aneurance, of al iuds ected with best | second mortgage on improved | office. | $5.00( 4 tion had put them in the “hoje”? they had FINANUIAL. A —MONEY TO LOAN ON BOND AND MORTGAGE, - fora term of years, In sums from $5,000 to $30.00, yw York inp Property; private dwellings pre- no, ferredi DORLLENDER & LAURENCE, 8 Pine street KEW, G00D SKCOND MORTGAGES WANTED.— oa ©. on oe BENNET, No. 8 Hine street, SLAPSUEY & BAZLEY, BROKEKS, 74 BROAD- way.—Stock and Gold Privileges; first class naines on all contracts; explanatory circular mailed to any ad- dress, Full intormation on application. BONUS $10,000 WILL BE PAID FOR A LOAN of $70,000 on first city Real Estate held in fee simple, worth nearly double the amount; @ safe and excell investment worth Investigating. Address RESPON- SIBLE BUILDER, Herald office. A. EADY DESIRES.THE LOAN OF $300—INTEREST ‘and security given; two months. Address 0. 8, box ist Herald office. T REASONABLE RATES—CASH LOANS ON MORT. gages, Life Policies, Diamonds, Furniture, Pianog CH Bessrat Merchandy $4,000 fo perenase Second rigages; MMe rci ‘a tiated. " JAMES CAGNEY, 31 Hudson street. OR SALE—A GOOD SECOND MORTGAGE OF $3,000; one year to run: first small and can remain; will stand @ good shave. Gall on 8. J. IRELAND, 201 Broadway. OWES & MACY, BANKERS, $0 WALL STREET NEW YORK, OFFER THK SAME FACILITIES TO DEPOSITORS AS INCURPORATED BANKS, AND ALLOW INTEREST ON DAILY BALANCES AT THE RATE OF FOUR PER FLAtc# « Fore, Bankers, ‘all street, Now York. ‘our counter the price “bid” at the soll at the price at which it is to suit, 1 We pay for gold Gold Exchange, “offered,” in sui ASKINS _& | BRAINE, STREET.—STOCKS AND GOLD BO) SOLD ON COMMISSION, PRIVILEGES GIALTY, SENAULING ANY | ONE, CULAR, WI’ OLL PARTICULARS AND REF- ERENCKS, MAILED. ° ONEY TO LOAN—ON BOND AND MORTGAGE upon New York city and Brooklyn property. WARREN 8, WILKEY, No. 5 Beekman street, rooms 21 and 24 AST DUE CLAIMS PROSECUTED BY EX- perlenced and wealthy lawyers, without fees unless successful. Bankruptcy and conveyancing at half usual rates, Write or call for Major G. F. YOUNG, M6 West Broadway. AST DUE CFAIMS PROSECUTED BY EXPERIENCED and wealthy lawyers, without fees unless successful. Sasempey and convevancing * bale ‘usual rates. Write 01 or YOUNG, 146 West Broadwa; FOUR AND SIX MONTHS’ AILWAY PAPER, date of first class dividend g roads. For sale by the CODOR US STEEL RAIL COMPANY, JOSEPH M. STRONG, 71 Broadway, first floor, front. ECURE PRIVILEGES ON STOCKS AND GOLD costing $10 to $100, paying a profit of $100 to $1,000 a month, No risk operating in Wall streecon this plan; fully explained by circular mailed to any address; orders also executed on margin. W. KF. HUBBELL & CO., Bankers and Brokers, 39 Wall st ANTED TO PURCHASE—SE! from $5,000 to $10,000 eaci cations for Loans on first mor 1,280 ¢ irty-third street, ANTED—GOOD APPLICATIONS FOR FIRST MORT- wages. Second Morigages bought and sold, 8. FRIEDENRICH & CO., 906 and 908 Third avenue. BROKERS, 11 BROAD UGHT AND A_BSPK. OND MORTGAGES, 0 wanted good appli- NE BROWN, WANTED—FOR SIX MONTHS, WILL PAY A bonus of $50 and interest. Security— property. Address G., box 121 Herald Uptown Branch office. 2, 500 OR ABOUT THAT WANTED—FOR 12 jot months; excellent security will be given and a fair bonus. Address GOOD SECURITY, Herald 3 000 $5,000, 00 TO LOAN—ON BOND AND Dy * morts Weatchester, New York or Brooklyn, or will mortgaxe, G.’ W. DITCHE!T, No, 2'New Chambers street, $5,590, $10,000 AND OTHER SUMS TO + loan on mortgage on New York city prop- erty: also sev ‘© purchase second mortgages, Principals only apply to JOUN DAVIS, No. 2 Park row. | 2.0 .QO WANTED-ON FIRST MORTGAGE IN . Brooklyn, in sums; also several first Class Becdnd Mortgages ror sale. 5 $16,500, $12, 000, $5,00.— 25.000. Sisuna tot mortgage New York city property; ‘no bonus; also money for Brooklyn. Line os GRANT, xchange place. 55. 000-20 PURCHASE SECOND MoRTaAGES De), on unimproved property in New York elt 00) to $20,000: also several sums tor }) Atiorney-at-Law, No. 4 Warren ‘street. 'y, amounts from i] $150.000 I 2R08? FUNDS LOR FIRST Mont. 6 ages, No bonus: $350,000 to purchase good city and Brooklyn’ Secoud mortgages, at air dis count. PHALON & SLOAN, S31 East Seventeenth street. ——_ + +-—- THE “STREET” EXCITED. Failure of the Well-known House of Kenyon Cox & Co.—How Mr. Daniel Drow is Mixed Up In It All—Stocks Rash Up and Subsequently Subside— What the Knowing Ones Say. Yesterday morning the “street? was greatly ex- cited over the fatlure of the well-known house 9f Kenyon Cox & Co., of which the news was re- ceiyed in the Steck Exchange at an early hour, ‘There was a pressure immediately to sell stocks, and many were those who got so excited that they were willing to dispose of their “Wabash” at any price. There was a consequent fall of nearly all securities, in one case going as much as four and half, but, as @ general thing, from one to two per cent, this of itself being about the only event of any consequence since the gold flurry in Wall street caused the excitement of the morning. The immediate cause was the failure of the firm above mentioned. The house was well known as having been for a long time the brokers of Daniel Drew, and the first feeling in conse- quence was that this capitalist had come to some harm. It Ret no doubt, a mistake, however, and it t8 probable that Uncie Dan only let hig associates come to grief while he backed out of the difficulty bimsel!, The report which appeared to be tne most reliable around the street was that the heavy sales of Wabash made on Friday and the day before were made by those who knew the inner workings and who dia not believe in. the reports of tiding over their diMcuities by the house which fatied. This dim- culty does not lie, however, in stocks, nor, indeed, in stock speculations, and the probabity is that they were made the victims of the cunning of others. The firm carried less stoeks lately than it has done in a long time, and the true cause of the trouble is @, long outstanding one—loans made to the Canada Southern Railway, and the breaking up of some negotiations which had been going on in Engiand, and by whicti the road was to have aid allits debts to the firm of Kenyon Cox & Co, lowever, the failure of this transaction threw the whole weight of the loan upon the frm, which, be- ing unable to stand such a weight, had to go under, and with the result mentioyed—the an- nouncement in the Stock fexonange yesterday which caused such excitement. It was generally stated yesterday that Mr. Daniel Drew was the original cause of the trouv With this gentleman the firm of Kenyon Cox & Co. was intimately associated, he being in fact a special artner in the house. In the weil remembered Northwest corner of last year, which caused such a hubbub for weeks in the street, and, indeed, ail over the country, it will be recalled that Daniel got in the lion’sden—in fact, came out at the very small end of the horn. He was in such abad fix that after, it was said, borrowing a lot of stock from a Methodist widow lady, he till unable to make up his differences, and hi Kenyon Cox & Co. for help. He being a special tart in the house at the time, they did not re- se and helped him out of the difficulty he was in, while he sat by and enjoyed the innocence of his good partners. For this, of course, the house is now the sufferer, and when Mr. Drew’s help was needed we hear it was not shunt g There was never more sympatuy felt for a fallen house than there was for Kenyon Cox & Co, yes- terday in the street. It was felt that sharp prac- tice rather than speculation or legitimate transac- ot into. The aspect of the Canada Southern loan did still more to increase this feeling of sympathy, 80 that there is no desire anywhere to press the house further into trouble. is probable, there- fore, that the suspension may only be temporary, and that tne house might soon recover its position, It was the general sentiment that Mr. Drew hada chance to help those who helped him, and that he would, probably, take advantage of it. This feel- rT ing Was 80 strong that at noon the feeling was firmer in stocks and no perceptible effect of the failure remained in the board. SUICIDE BY ARSENIC. ired for Selling the Poison—A Confi: je Man’s Victims. An inquest was held by Coroner Young yesterday touching the death of Mrs, Margaret Kamm, a Ger- man, aged twenty-seven years, who committed auicide by poisoning herself with arsenic, at her residence, No. 24 Macdougal street, on Saturday, the 6th inst. HER HUSBAND TESTIFIED that he worked in @ sugar house for $43 per month; on the day in question a strange man called upon his wife and told her that he hada fine situation Cerbtantipncambindtacces - | for him a8 & watchman, at $75 per month, with T KEASONABLE RATES—MONEY ON LIFE AND | rent free; they had, and which had been saved from the husband's he gave th Stranger $55, all the money selary and the wiles } saw no disturbance there and heard no angry wor earnings } Total... as washerwoman. The husband showed greas distress when his wife told him how she had parted pris} ae haunts savings, and she wire, be- - ught some arsenic at a Deigh- boring drug store and destroyed her life, oF GG1818 STORY. William L. Becker, druggist, of No. 284 Spring street, admitted having sold the deceased half an ounce of arsenic, He said that he graduated from a cotlege of pharmacy in Lg klg 2 in 1864and had obtained a certificate from the New York College of Fnarmacy upon showing his German, The de- ceased had washed ior bis wife and been in his store several times, When she bought’ the ison she said it was to Ty rats. He labelled it “Poison!” and also marked it’, “arsenic” in both German and English. He kept no book rect he names of persons to whom. he sold poison, but he kept memoranda on slips of paper, giving particulars of such sales, as he never made them to strangers. He produced eighty-five such slips, including one purporting to have been signed by the deceased. THE DOCTOR'S STORY, Dr. Bernhardt Grumhardt, who attended the deceased, testified that he was called about two ovclock, on Sunday afternoon; she was then vomiting, and she _ sal she had swallowed some poison; fer huspand said she had taken “rotten krout,’’ a name with which the doctor was not familiar, After pre- scribing ior the patient witness went to the drug- gist and asked him what “rotten krout” was, and the latter replied that “perhaps it was arsenious acid,” INIMICAL MEDICAL MEN. Both the druggist and the doctor testefed that they were not on amicable terms, having had ‘busi- ness misunderstandings.” An attempt to indul im personalities toward each other was prompt! checked by the Coroner. POLICE TESTIMONY. Police Captain Williams, of the Eighth precinct, testified that he had arrested the druggist, who had told him two or three times that he could not find the memorandum of the sale of the poison to the deceased THE POST-MORTEM. Deputy Coroner Marsh testified that the post- Mortem examination showed the stomach and in- testines to have been excessively inflamed and a portion of the mucous membrane of the stomach to have corroded and disappeared from the effect of the poison. THE DRUGGIST CENSURED. In charging the jury Coroner Young read the laws regulating the sale of poison and requiring a book to be kept by SeOs ate, containing full par- tuculars of such sales, to be kept ready for inspec- tion for five years. The jury censured the druggist “for not keeping @ proper record of the sale of the said poison,’ and concluded their verdict by calling “upon the autho- bit to entorce the laws regulating the sale of potsons, The druggist was discharged upon his own recog- nizance to answer such charge as may be made against him. THE HURLEY MURDER. Tho Inquest Concerning the Death of William Hurley—The Jury Render a Verdict Against Robert Hill, and He is Committed to the Tombs. Coroner Keenan held an inquest yesterday, at the Coroners’ office, concerning the death of Wil- liam Hurley, who died on September 6 irom a stab wound inflicted by Robert Hill at No. 9 Rector street, THE TESTIMONY. OMcer Patrick H. Lyons was the first witness. He testified as follows :— Am a patrolman of the Twenty-fi(th precinct; on Sat- urday last | went to No. 9 Rector street with Officer Fra aier and Mr. Ryar.; we left at five or eleven minutes past cleve there; Petty came m and’ asked me to take a drink; I 8. John Petty, of No. 19 Albany street, testified :— Iam clerk for H. P. Havers, No. 107 West street Saturday night, about five minutes past cloven, 1, Danie! O'Keefe, Clancey and Keilly went Into the saloon at No. 9Reotor street; O'Keete treated first, Cl second, I third; Clancey then proposed that we should have other drink; O'Keefe suid he did not want to drink any more and ‘started to go out; he did not speak any- thing except what I have mentioned; when he came near the door *haunessey grabbed him by the neck and struck him; fe turhed to Shaunessey and said he had not done right; he then grabbed me and asked me if L was one of them: told him I was his triend; he lett and I went toa hop in Greenwich street, where 1 staye: five or six minutes: | went back to Kector street and saw a big crowd round No. 9; there was no fighting going on there; I went back tothe hop and found © Keefe there; he lett then; on. Monday night, about five apinutes past aix, IT mot Lill at the comer of Fuiton and ‘ashingion streets; he asked me if I got over that scrape in Keetor street: he then asked me how the man was get- ting along; [ told him he was getting along well; he re- Pied, “i am glad of thaty’ I asked him why; he, sald, “The man got hold ot me by the neck and I stabbed him (or cut him).”* ae Donaher, of No. 89 Washington street, sald :— Tama laborer; Saturday night Shaunessey, deceased and I went into No. 9 Rector street and had some drinks; O'Keete and, two others were in the saloon; U'Keets sald something to one of us—I can’t say what it wi when Shauncessey knocked him down; he got up and Went out, we drank with the remaining two. and then talked for some time; I missed my companions and went out; when I got to the door I saw deceased lying in. the middle of the street, and about four men, who were kick- ing him; they zave him one or two kicks and then ran away; I picked up deceased and saw that he was bieed- ing about his face and the back of the head; I w: toxicuted. John Shaunessey, of No. 101 Greenwich street, testifie reue about politics with Philip Cuntling; we three then weut to No.9 Rector strect, a lager beer saloon; there were nine or ten men in the room when we wen were drinking 0”. they insulted us and I hit O'Keete so that he fell; hi atter went ow! hen came to the door, be to come out; justas I got to the door I wasstruck sense as when I came to myself I was in the yard; I went ini the saloon and saw Hurley lying on the floor; I was under the influence of liquor—halt drunk. VERDICT OF TH# JURY. The jury then retired, and, after afew minutes’ deliberation, brought in a verdict that “William Hurley came to his death by a stab wound in- flicted, to the best of our knowledge, by Robert Hill, at No, 9 Kector street, on the 6tn day of September, 1873.” Hill, upon being questioned by the Coroner, said that he was sixteen years old, born in New York, living at No. 88 Greenwich street, and a plumber by occupation. In reply to the question whether he had anything to iy. rela- tive to this charge he declared, “I never stabbed no man in my life.” Coroner Keenan then committed Hill to the Tombs to await the action of the Grana Jury. The examination by the joreman of 0’Keefe was pre- vented by the objections of O’Keefe’s counsel, Mr. W. F. Howe. THE CITY DEPARTMENTS. The Commissioners of Accounts Sceking Data tor Their Statement of the City Debt. The following communication was yesterday re- ceived by Commissioner Van Nort :— Serrexnee 13, 1873. He. panes M. Van Nort, Commissioner of Public forks :— Sin—In accordance with section 106, chapter 335, Laws of 1873, this Commission is engaged in preparing a state- mie the bonded and floating debt of the city ot New ‘or Will you do,us the favor to send us at your earliest convenience a’ statement in detail ot all contracts and all cleims on file in your department prior to August 1, Very Fee tN? WHEELE Commissic GORGE HOWLAND, peony Ard LINDSAY A. HOWE,') Accounts. In pursuance of this letter all the departments are busily engaged in getting ready their reports. There will be some heavy showings in the figures that will be laid before the Commissioners. In the report of the Department of Public Works the gas bills against the city for 1871 and the Navarro meter claims will be, of course, of the record. The to upwards of $900,000, the other to $700,000, The gas bills were transmitted, it will be remembered, to the Board of Audit by Commis- sioner Van Nort, and the Board cut them down very ly. The gas companies re- fused the amount allowed, and they are now in the Courts suing the city for the full amount due them on their contract, with interest. Their claim is said to be a good one, and their recovery of the gross sum, wita interest, will be but another result of that financial wisdom of the Comptroller which has already cost the city 80 much money needlessly, The Commissioner of Public Works was mandamused some time ago to transmit the Navarro claim to the Comptroller to be paid by him, but when he did get it he refused to come down with the dust. And 80 this claim, too, is in the Courts at present. The result of the reports, when made to the Commissioners, will doubtless be interesting reading for the pubitc. DEPARTMENT OF PUBLIO WORKS, Commissioner Van Nort, of the Department of Public Works, makes the following statement of public moneys received by that department during the week ending yesterday (Saturday) :— For sewer permits. aes For sewer pipes sold to contractors. TOMI... .ccssssescecceeeees OOMPTROLLER'S RECEIPTS, Comptroller Green repo: ts the following amounts paid yesterday into the city treasury :—From ents for etreet ovenings and improvine bys gv Wl openings and Sperovnente, on SUnuau ov warun notarial Croton water rent and penalties... BUREAU OF CITY REVENU! Market rents and fees aid interest on bond and mortgage 0 Licenses . First Judicial District Court, Judge Quinn (weekly) | saw Shaunessey, Vonaher and another man | 7 THE EAST RIVER BRIDGE. Progress of the Work Upon Its Granite Tow- ers—A Call for Cash—What Mayor Have- moyer and Deputy Comptroller Storrs Think About the City’s Obliga- tion to Pay and the Prospec- tive Usefulness of the Bridge—Brooklyn Annexation. It was a “ring” measure to subecribe on behalf of the city $1,500,000 to the capital stock of the East River Bridge Company. Brooklyn as a cor- Poration, confident of securing great advantages by the closer connection with New York, to be made by an iron link over the river, had subscribed doubie that sum, and a few individuals, mostly citizens of that city, had taken $500,000, making the total ot stock subscriptiens $5,000,000, By the original estimates this sum was expected to build the bridge, but since these figures were made there has been # large increase tn the cost of alk kinds of materials and all classesof labor. Add to this that when the excavations were made for tower foundations it was found necessary to go far deeper than had been anticipated. Therefore the |, $5,000,000 which was to build the bridge nas mostly been expended before the towers are completed, and will, probably, be entirely exhausted before a blow is struck upon the bridge structure, aside from the construction of the two towexs and the preparation# for the anchorage on the Brooklyn side. PRESENT CONDITION OF THE WORK. To-day the New York tower stands 116 [eet above highwater mark, Two courses of stope more, or four feet in hetght, will complete it to the level of the roadway bed. On the Brooklyn side the small towers above the roadway bed have nearly reached the springing line of the arches, which is- to be 200 feet above highwater level. For the Brooklyn anchorage an excavation -has been com~- pleted twenty-five feet deep, from which 17,000 cubic yards of material were removed. A founda- tion of yellow pine timber has been laid ° at the bottom of this pit, and the laying of the masopry thereon will be rapidly pushed, At the rate of progress thus far made it ig apparent that Gnother season willbe spent before much’ can be undertaken further than the completion of the towers upon which this bridge is to rest—an iron link 120 feet ubove the Tiver waves, to bind Tong Island and Manhattan more firmly together. When it is ready for the transit of cars it will probably have cust fally $10,000,000, A CALL FOR MONBY, Since June the Bridge Company has been dun- Ding our City Fathers for the ninth ten per cent instalment on the city’s stock subscription. Before that time the city had paid eight instaiments of $150,000 each, making $1,200,000. Brooklyn had paid her ninth call, making $2,700,000 already ad~ vanced by her in her corporate capacity, and the individual subscribers had paid their nine inatal- ments each, all except those segments of the late Tammany. Ring, “Boss Tweed,” “Brains Sweeny” and “Slippery Dick’ Connolly, There was some mur on the parts of some members of the re- form city management against the further pay- ment by the city on this subscription for stock Which bot even the most sanguine can expect to pay interest on the cost of the work. The subject. came up for consideration at the meeting of the Board of Audit last Monday. Mayor Havemeyer considered that the faith of the city, when pledged, should be as sacred-as that of a private individual. If he had agreed to take certain stock, he would hold himself bound to make good his contract, even though at an evident loss. For himself, has he been in the ey orie, he would not have ad- vised the original subscription gto the bridge stock. The work would be a.conveitionce for reaching Brooklyn from the vicinity of the City Hall; but for all who start from down town localities the ferries. would still be the most handy means to cross the river at any one of half a dozen potats, Brooklyn has furnished two dollars tw our one, and though a large sum to put into a non-paying invest~ ment, New York is obligated to pay the million and a half, and four-fliths of it being already paid he saw nothing else for it but to pay the ninth instal- ment now and be ready with the tenti wnen it should be called for, His counsel prevailed und the issue of city bonds to meet the subscription was: authorized, HAS THE MONEY BEEN CAREFULLY USED ? In answer to questions by a HeRALD reporter yesterday Mayor Havemeyer said he had looked into the Delage accounts, in company with its new president, and so far as he could see its expendt- tures had been honest and prudent. No evidence appeared to show that there had heen any corrup- tion in its contracts, and he believed that tho work was done a8 economically as it could be at present values of labor and material. While ne did hot think it was sound policy originally to tax the city to build the bridge, he had no doubt it would in the end be found a benefit to certam localities this side and a general advantage to Brooklyn. Deputy Comptroller Storrs being interrogated on this subject, told the HERALD man that the uinth instalment has not yet been actually paid by the city tothe Bridge Cumpany, though it has been called tor since June. The Board of Audit had assed the requisite order, but as the city issues its bonds and negotiates them to raise the money ‘the payment has not yet been completed. He said ail the individual subscriptions are paid except. those of Sweeny, Tweed and Connolly, and as they have property within the reach of law he had no doubt the Bridge Company will compel thea to pay. BROOKLYN ANNEXATION. Mr. Storrs looked forward to the time when Brooklyn will be part of New York city, when he thinks the bridge will be found a great public con- venience, @ proper burden upon the people of the two portions of the one great consol- idated municipaiity, like our streets and public buildings, and not expected to pay money dividends to reimburse the cost of erection. We must look for its equivalent in the enhanced value of property in the two cities of the present—the one grand metropolis of the tuture, When asked whether he considered the money laid out by the sridge Company honestly spent, he said that he had examined the recently published report, and, except as to the salary paid to the Superintendent, which has been’ pretty fully ventilated in the newspapers, he thought all its operations have been conducted prudently and with strict ¢conomy. He was convinced that par- ties originally concerned in the preliminary legis- lation intended to work the enterprise for their private emolument; but the storm of reform came too soon for their calculations and nipped their harvest of plunder in the bud. BROOKLYN'S OONSOLIDATION PLAN. The Union To Be. Effected Between the Towns and the City. The Commission appointed to consider a “general Plan for the establishment of a muntcipal govern- ment in the county of Kings and consolidating the city of Brooklyn and the towns of New Lots, Fiat- bush, Flatlands, Gravesend and New Utrecht,” met again yesterday afternoon. The object of the meet- ing was to consider the pian as a whole, which had been referred at a previous session to President Lott and Clerk Bishop to settle the re details which nave been discussed. Judge Lott preside and a general debate was had—Messrs. Tennis G. Bergen, W. Bennett and P, Lott opposis the plan, which appeared in the HERALD sever: days ago. These gentlemen objected to the agri- cuitural towns being made liable for the expenses of the Fire, Police and Water Departments, and declared agatat the right to make théir sections responsible for debts incurred in constructing docks, streets, Wallabout Basin or Kent avenue, Notwithstanding the opposition the general con- solidation plan was adopted by the Commission by Sfor and 3 against the union. The Commission then adjourned for two weeks. The vppositioa Commissioners, it is said, will use every effort at the polis to defeat the proposed consolidation. BROOKLYN EVENING SCHOOLS. The Brooklyn Board of Education, with com- mendable zeal in furtherance of the cause of edu- cation among those whose ayocations deprive them cf the advantages of attendance at the day Sessions of the public schools, have determined upon opening night schools on the first Monday evening of October, The Craitman of the Committee on Evening Schools, Mr. Libby, has appointed the following gentlemen as trustees for the schovls named :—No. 1, Dr. A. W. shepard and Mr. Hardenberg; No. '2," Messrs, thomas and Richardson; No. 3, Messrs, Murphy and Flaherty; No. 4, Messrs. Maujer and Bennett; No. 5, Messrs. Sprague and Faron; No. 6, Messrs. Martin and Fitzgibbon; No. 7, Mexsrs. Faron and Thomas; No. 8, Messrs, Bennett and Martin; No. 1, colored, Messrs, Richardson and Sprague; No. 2, colored, Messrs. Flaberty and Maujer. ‘Last year the session of evening schools was un- usually brief, commencing October 1 and ending December 30. The coming session will, tt is con- templated, last until February 28, so that every opportunity will be afforded young people who are ambitious to learn the rudiments of a common school education, THE AMSEIOAN PHARMACEUTIOAL OOSVEN- ON. — Ricnmons, Va., Sept. 13, 1873, The twenty-first annual session of the American Pharmacentical Association will commence in this city on Tuesday next. Delegates from all parts of the country are expected, The druggists of Rich- mond are making ample pre} ‘tion for the recep- tion and entertainment of t embers of the as~ sociation aod Wiil $0 arrange as to combine pieam ure with business,