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

FINANCIAL AND COMMERCIAL A SATURDAY MARKET. Btocks Strong and Specu- lation Active. CAUSES AND RESULTS. a eta i aaa | A Healthier Basis Wanted--What We May Expect from the Logic of Events. INVESTMENT. SECURITIES FIRM ‘Gold Higher and Money Easier—Govern- ment and Railroad Bonds Steady. WALL STRHET, } Sarurpay, Nov. 15—6 P. M. 4 Tho condition of the market remains unchanged. PBpeculation was confined almost entirely to the (brokers in the board and to such outside parties sit around telegraph tapes and give their orders ‘om hour to hour, Much the same results are now experienced that were shown in the of 1857-'58, after the panic of the former ir, and after the Chicago fre, when, for a time, iden strength was communicated to stocks, lation promised something like permanency, d an artificial elasticity was created which led more than usual activity. Subsequently, how- ver, an equally sudden decline occurred, and it Was Dot until then that the market began its REAL REQUPERATIVE WOBK. f A similar process is going on at the present ime. Speculators are loading themselves with kata rate which sooner or later must be eoked from sheer inability on their part to main- themselves. Even now there is much secret ing. The shrewdest operators in the coun- ry are going “short’’ of the market, Actual in- estorsare fighting shy. The market is notin an titude that invites confidence. Its sustaining wer is purely artificial. Feverishness prevails \d is manifest in a constant expectancy that jomething May occur which will compél a decline ven more rapid than the recent advance. Ask von the so-called “bulls” their reasons for the resent movement, and they will recite no other ise than that somebody has led and they are following. Touch them with even @ rumor and hey Weaken instantly, as was the case yesterday hen it was announced that Commodore Vander- it had suddenly died. Argue the points of the ituation and there is not 4 man in the “street” will not in the end confess that the pending \ptrength ts only temporary, and out of all propor- ion to THE COMMERCIAL FACTS ‘hioh daily illustrate the weakness resulting from contraction that is affecting every real value in country. While earnings on our railroads are eing reduced, while the extensions of commer- fal paper remain unsettled, while great firms and mall are struggling to uphold themselves, while he banks are confessedly weak, -showing at least 000,000 of loan certificates in hand, against, bY, $28,000,000 of legal tenders, and holding piles mM piles of depreciated paper on which they have iven discounts; while there is no actual resiliency manufactures, no additional productive power, 0 advance, in fact, in hy department of trade, gense dictates that a mere speculative mar- et, on the basis of present Wall - street perations, cannot be long sustained, and joes ~not justify any man outside of the tock Exchange, especially residents beyond the limits of New York, in making permanent invest- nts, Decline must obey-a@ law that no power resist. When that occurs and prices have ‘cached a point where investment is safe the ad- ‘ance will then be natural, inviting, and something ike reason will take the place of the present fran- feeling with which men dance around each other in the board, and halloo prices up or down ‘among themselves according to their credit in pank, THE MONEY MARKET to-day was strong at the opening and during the ‘active business hours of the day, but towards the jelose declined to 425 per cent on call loans. Dis- junta were made on the basis of 12 a 15 per cent. Proreiga exchange is lower and quoted at 106% for rime bankers’ 60-day sterling for sales. The nom- al rate continues at 107. For sight the rate is 08% @ 108%. ‘The banks continue to gain legal tenders, and now are said to hold }28,265,000, the amount previously held being aug- ented since yesterday by the sum of $630,000. The eoronh House Committee state that $6,700,000 of floan certificates have been retired from the highest ae but decline to give the total amount issued. G igmore than probable that the amount is not F from $26,000,000 or $27,000,000, though much higher figures have been named. ‘ THE GOLD MARKET. Gold showed extreme sympathy to-day with the artous reports of a warlike character, and opened rong at 109%. Itreceded subsequently, however, 108%, with a recovery to 10944, at which the ope- ationa of the day closed, The following table hows the range of quotations :— 1 The rates paid for carrying to-day were 7, 1-16, 8-64, 332, 4 and 7 per cent, gold, The Anal rate fwras 7 per cent. The day’s business at the Gold Exchange Bank ibe a8 follows :— 14 cleared * + $64,476,000 Gold balances. » 1,589,847 ‘Currency balance: + 1,701,410 CLEARING HOUSE STATEMENT. yOurrency exchanges... ‘Currency balances. ‘Gold exchanges. . ‘Gold balances THE FOREIGN MARKET. London despatches report consols steady and American securities active and strong, witl, the ‘ohtef interest in ten-forty bonds, which advanced ‘to 91%, and new fives, which advanced to to 1. tErte was active and fluctuated between 364s and 87%, and closed at the highest point. New York ‘Central was quoted at 74% @ 743%. The Bank of England rate of discount continues at 9 per cent. Nineteen thousand pounds was shipped from Southampton to-day for New York by the steamer \Frista. The Spanish loan reached the lowest ‘gure this morning yet touched on the London stock market, Rentes in Paris, 57.30, FOREIGN COMMERCE. The foreign commerce of the port for the veek ‘was as follows:—Genoral merchandise imports, including dry goods, $6,762,080; + preduce exports, $7,200,773, and specio exports, $1,054,044, The total merchandise imports since January 1 are $349,246,858, against $383,603, 210 last year, and $333,739,826 in 1871, ‘The ‘exports of produce since January 1 this year are '@257,580,247, against $199,767,701 last year and 1$204,847,327 tn 1871, The total exports of specie wince January 1 are $44,551,303, against $65,357,057 Mast year and $63,590,079 in 1871. GOVERNMENT BONDS Government bonds closed as follows:—United States sixes, 1891, registered, 114 a 114%; do. do., -do., coupon, 1144 @115%; do. five-twenties, 1862, coupon, 108%; do., 1864, coupon, 108% a 108%; do,, (1865, do., 110; t0., do., do, Dew, 113% @ 113%; o., 1867, coupon, 114 & Li4}g; do, 1868, 113% @ 114; ten-forties, vegistered, 107 a 108; do., Coupon, 108% a 110%; tives, 1881, Coupon, 100% 1@ 109%; 4ix per cent bonds Pacific Railroad, 110), ya 110%. SOUTHERN S¥CURITIAS wwore dal, 4 email ivt of Virginia wixod, Consol: 20) Un Pac RR 20 $1000 Va 6's, con 4000 Pac R7's 10000 Un P RRL NEW YORK HERALD, SUNDAY, NOVEMBER 16, 1873—QUADRUPLE: SHEET. ‘auted, were sold at 9, Missourl sixes at 87, Hannt- bal and St, Joseph eights, convertible, a¢ 72 The following are the late bids:—Tennessee sixes, old, 6934 ; do. do., new, 60%; Virginia sixes, old, 34; do. do., new, 36; do. do, consolidated, 49; do. ao., deferred, 8; Georgia sixes, 62; do. sevens, new, 70; North Carolina sixes, oid, 21%; North Carolina, issued to North Carolina Raik’oad Com- pany, coupon, 33; North Carolina, issued to North Carolina Railroad Company, ex coupon, 27; North Carolina, special tax, 6; South Carolina sixes, 22; do. do., January and July, 8%; do., Fund act, 1866, 12; Texas tens, 1876, 60, RAILROAD BONDS were strong and marked by a further advance. Yhe Pacific mortgages attracted attention and found a good market. We note the following sales:—Erie, first mortgage, 98; Erie, fourth mort. gage, 90; Chicago, Burlington and Quinoy eights, 105g; Michigan Southern, second mortgage, 901; Michigan Southern, sinking fund, 99; Pacific sevens, guaranteed by State of Missouri, 93%; Union Pacific Railroad, first mortgage, 75; Union Pacific sevens, land grant bonds, 69; Union Pacific tens, income bonds, 6034; Albany and Susquehanna, second mortgage, 90; Alton and Terre Haute, first mort- gage, 92) Delaware, Lackawanna and Western con- vertible, 95; Great Western, first mortgage, 88; Great Western, second mortgage, 76; Toledo and Wabash, first, St. Louis division, 80; Morris and Essex, first mortgage, 100%; Morris and Essex, second mortgage, 964: New Jersey Central, first mortgage (new), 1004s; Ohio and Mississippi con- solidated bonds, 87; St. Louis and Iron Mountain, first mortgage, 89 a 90; Columbus, Cincinnati and Indiana Central, first mortgage, 77 a 7654; Mil- waukee and St. Paul, lowa and Dakota division, 78; Milwaukee and St. Paul, lowa and Milwaukee division; 6834; Milwaukee and St. Paul, first mort- gage, La Crosse divisiou, 85; Milwaukee and St. Paul, seven and three-tenths bonds, 86; The fol- lowing were the bids as amended at the call:—e Eri¢ 5th m be "88... Long Dock bonds. Galena & Ohio 2dm: Chi, RL & Pac. Morris & Essex Ist in .. Sgtrii: SeseesE e N J Southern ist m7 Pitts, Ft W & Ohic PitAE Wé Chic ses Baa Chic & Alton 61. Chie & Alton Ist Chic & Alton inco: Ohio & Miss con s Ohio & Miss con. Ohio & Miss 2a tm segnetexe 310,PD 84 Mil St P Ist m, LaOD 85 Mil & St Pist m, T&MD 68% Mil & StP latm,1& D, 73 Chie & Mil Ist m . Joliet & Chie Ist m Col, € nd ©) 763g Col, Chic, & Ind © 24 m 60’ Tol, Peoria & War, KD. 70 Tol Beorla & War, WD 7) Os... 96 Bost, H & E lst m. 3 Tol AW ab Ist mex... 90 Tol & Wab Ist m, St Ld 80 ‘THE UNITED STATES TREASURY. The customs receipts to-day were $229,000. The receipts from internal revenue $268,366. Receipts of the same for the month, $3,670,902. For the fiscal year $36,750,361, The assistant Treasurer to-day paid out $95,000 on account of ipterest and $214,000 in redemption of five-twenty bonds. The Treasury operations for the week at the New York office included the disbursement of $485,000 gold on account of in- terest, $493,000 in redemption - of five-twenty bonds, and the receipt of $1,362,827,for customs, THE STOCK MARKET. In the stock market to-day the fluctuations ranged from 3, to 84 per cent, and in some cases the highest quotations of the week were made at the close. About 140,000 shares changed hands, the principal transactions being in Western Unton, New York Central, Lake Shore, Pacific Mail, Wabash, Union Pacific and Delaware, Lackawanna and West. ern. The two latter stocks commanded more than usual attention, and their figures materially ad- vanced, The range of prices will be found below. HIGHEST AND LOWEST PRICES. The following table shows the opening, highest and lowest prices of the day:— Opening. Highest. Lowest. N.Y.0. and H. BR. stock = 88% 8745 1084 Harlem. ae 108 4 Erie, + 43% 4334 Lake Shore. + 6655 6655 Wabash... ++ BOR B04, Northwestern. + 30 39 Northwestern preferred... 63 62 Rock Island... « 814 87g Fort Wayne. 84 Milwaukee and St. Paul... 27% 278% Milwaukee and St. Paul pref... 51% Ohio and P) “sy New Jersey Central 91s Union Pacific 19¢ ©., C, and I. C, 1954 Pittsburg.. 73g Western Union 555% Pacific Mail... QT In Philadelphia stocks are quoted steady as 1ol- lows:—Pennsylvania sixes, 107%; Reading Rail- road, 51; Pennsylvania Railroad, ex dividend, 4354. SALES AT THE NEW YORK STOCK EXCHANGE, Saturday, Nov. 15—10:15 A. M. $7500 US 5-20, ¢, '05, n.. 112% $1000 U 8 6's, ¢, 'S! 15 “5000 US 2500 U 8 6's, ry F 2500 US 5-20, 1133 1000) U'S 5: 500 do. 4 10 200 shs West Cn Tel i000 do. 00 1:88 89 300 ChLAN WRR pr. 500 L 5 & MSRR. a0... 20 Adams Ex. 4000 Missourt 1000 NY 87's, BL, rs 106 s000 Chi, Bur &'Q 3s, 10555 5000 Mich South 2d m. 905) 3000 Mich South sf 9 Rt 1000 Un Pac 7’s, 1g 8 i do. 2. a0 Ped 1000 dow... .be.b3- 70 ii 1000 Un Pac 10's ine. 50% 2° do. vi 1000 Alb & Sus2dm... 9 SWLSEMS RR be. 67 DOO ATE TU stm. 92 20 dose e983 OF 1000 Del, L&W con... 9% U0 brig 7000 Gt Westist m, 38 90 10 wise 5000Gt West 2dim.... 75 1200 oe 1000 TAW Ist, St Ld ) 100 ore 15000 Mor & Es ist 87 ‘500 67h 1000 Morris o7 1000 XJ oF 7000 01 ‘ 5. 200) St L&IM Ist... % Hy 76 Tose aD div 78 199g 10000 M48 P,TAM d be 6835 19 1OU0MAS PIRtLaCdbe 39 i 6000 West Un Tel 7's. 88 19% 500) Ca South Istr wie 19 i ao it 100. do, Ty: 1300 Weet Un Tol. +} i i 1900 ry 1200 1400 Es es: Et SERIES SEES 2eceke . BESS SEEECELESESE S82 Se. ese: do. WRR..b c.83 ds . SAR SESESESESSELTE: SEQ Ney: EEEISE Ei 88 NYCA&HRBE do 100 H & StJo RR...be 40) Oho & Miss Hit.b 0 ; 3 = z 55= Set ES e = q 2 cS E P. M.—Bef 300 do. 10 Mil & St PRI pf. do... 20 Han & StJoRR.. 100 0. Second Board—1 P. M. 100shs ChidNWR.b.c 39% 10) Chi & NW R pr. 200 Ohio & Miss RR.D ¢ 10) GOs. seats 10 Chié RIRR cor) do. $9000 H&St J 8'scon be 20 Han & StJo RR 00 do... 100 H & StJo RR 16,0 &T0 RR..b 50 do. es 2330 to 3 P. M. 100 shs LS &MSRR., 100 do. 100 Harlem RR 150) West Un Tei 800 | $250,000 seeerniaige and sen 300 ao 500 Bost, H & Erie R 45NY,NH 4H. ES—8 O'OLOOK P. i Toledo & Wab bapreeane BOSTON WOOL MARKET, Boston, Nov. 15, 1873. The wool market has shown signs of impro' t although on some of the sales c. during the payt tew da | there was a further concession in price o: | the Sergeant-at-Arms for them and bring them et buyers have been more numerous, including some | of the largest manufacturers, and it appears as if the lowest point of depression was past and that henceforth a more active market ts highly probable, irregular, owing to the differe | buyers and those who require the usual time, and it is therefore diMcult to furnish reliable quotation’ lots of extra and double extra Ohio fleeces have been 48c., but the lowest figure was for cash | double extra Penns; ouenide figure for ¢ Dest lots offering. Manutacturers aro evidently attracted by the low prices at which some holders are ‘now ready to meet the market. low prices. The wool has received mofe attention but My during the past no and Pennsylvania double extra and treble exira, 4 Wisconsin and New Y. and delaine fleeces, Sac. a 5 Me. ; tubwasned, Se. ; superfine and extra pulled, fall California, 2c. a SMe. “Th during the week, foot up 757,200 __PINANCIAL. 23 4 BAZLEY, BROKERS, 74 BROAD- locks bought and otlated; circular explaining pri 8 matied to any address, privilege: ‘with reterence: JHAM & COMPANY SECURE companies, merchants, Our Register cont vations amounts for investments. R FROTHINGHAM & COMPANY, 12 and 14 Broadw LEXANDER FROTHIN Tanufacturers, mines, | Which was carried, ordering the Sergeant-at- Hales possesst $10,000 FIRST MORT property will be sold at @ liberal brokers need apply. Address A. B. W Only apatty of high reputation need address A M. P., Heraid Uptown Bra: T REASONABLE RATES—MONEY ON LIF AND Endowment Insurance P jortyages and other 10 ett companies J. J, HABRIOH & CO., 17 Brondway, LOAN OF $6,000 WANTED—ON FIRST MORTGAGE, ‘on a three story prick House, near the City Hall, also a $22,000 Mortgage lor $25,009, FOR | House; mir dis. 31 Bast Seventeentti street. PURCHASE MONKY MORTGAGE, sale, on Madison avenne dwell i KING AND COLLECTION OFFICE OF JOTLIN B, near Wall street.—Loans de of maturing and past due MURRAY, 98 Broadway fected and collections ma DS.—HIGHEST RATE PAID FOR ST. JOSRPHL ameter w York city and other Bonds TAM WARD, 21 Broad street, TRUSTEES OF ESTATR: ALIS TR—A ‘and {er tom ates dought ‘aaa sold. __ FINANCIAL. VAPITAL QU ARANTEED—ESTABLISHED CONCERN, smote exceeding | $100,000; | competent, reliable persons possessing $15,000 can commence through ad- vertiser; position sal 7, re anonally. Address, with reterences, BSTAYLISHED, box 175 Herald office. (48H LOANS—sUmS_ $25. 70 $1.00 ON MISCELLA- neous securities, furniture, pianos, diamonds, valu- ables and xeneral’ merchandise; commercial ‘paper negotiated; second mortgages cashed. JAMES CAGNEY, 531 Hudson street. INS & BRAINE, BROKERS, 11 BROAD et.—Stocks bought and sold on margin ; privi- iewes negotiated, enabling any one with small eapttal to ulate xutoly. These contracts are always 10) share lots and wre signea by responsible firms. Explanatory c culars mailed, ONEY TO LOAN—UPON BOND AND MORTGAGE, Moon New York city Property, in sums to sult, WARREN 3. WILKEY, No. 5 Beekman street, rooms 1s and 19, NEW YORK cry 78, D due in two yenrs, at 98 and interest. Brooklyn City 7's, due in 191), at 94 and interest. DANIEL A. MORAN, 40 Wali street. ‘OTICE, The Coupons of tne Long Dock Company's Mort- gage Bonds falling due December 1 next will be paid. on and after that date, at the (reasury of the Brie Railway Company, Twenty third street, corner Kighth avenue. W. P. SHBARMA, Treasurer Long Dock ©: OTICE, The Conpons of the Fifth Mortgage Bouds New York and Frte Railroad falling due December 1 next will be paid, on and after that date, at the offices of Messrs, Dun- can, Sherman & Co., L Nawau street. . P, SHEARMAN, **- ‘Treasurer. ()PEICE OF THE HANNIBAL, AND ST. JOSEPH Rallroad Company, 78 Broadway, New York. Nov. 13, 1878.—One hundred thousand dollars ($100,009) of the Bonds of the State of Missouri, issued to this Company to aid in the construotton of its rallroad, maturing January 1, 1874 will be paid at this office on presentation, at & rebate of seven (7) per cent interest JOHN P. ACKER, Treasurer, &c. STOCK PRIVILEGES! STOOK PRIVILEGES !—ALL +) contracts negotiated are signed by members of New York Stock Exchange or responsivle firms; no privilege negotiated for less than 100 shares for $100, LAPSLEY & BAZLKY, Brokers, 74 Broadway 7E BEG LEAVE TO NOTIFY OUR NUMEROUS friends and the public that, in addition to our regular auction sales days of Stocks fand Bonds, every, Monday and Thursday, We also make special sates of Securities at auction on all other days upon one day's notice; our established custom 21 years, and upon the most favorable terms. ALBERT H, NICOLAY & CO., Stock Auctioneers and Brokers, No. 43 Pine street, New York. FIRST MORTGAGE IN MOUNT ter county; cost present owner Lszd street. I WILL PAY 50 PER OENT PER Payable monthly in advance: d | L, B. C., box 229 Herald 4. O00 WANTSD-ON FIRST MORTGAGE, ON 4. property worth six times that amount; bonus given. Address owner, B. B, B., box 101 Herald Uptown Branch office. 6.000 AXD $12.00 70 LOAN TON Fr $6. gage, immediately; liberal ter money on second mortgage. H. GOTTLIE! 401 Sixth street, near F MORT- also irst avenue, 6. 500 TO PURCHASE A FIRST CLASS FIRST p00) or Second Mortgage. Principals only ad. ress EDWARD, Herald office. $450—FIRST MORTGAGES FOR SALE $9.00( + on property worth three times the amount; all stores in Brooklyn. None but principals need | ani rcull on Q. A. W., builder 31 Bridge street, $10.000 rircrestpayatie. every sie month, to every six months, exchange for Dry Goods. Address box 4,483 Post off $10 OOO XAtiONaL TRUST COMPANY STOCK o for saje, in sums to suit. Address HUNT, box 113 Herald offi ore py sia! aie 10 00 WAY D ON FIRST MORTGAGE ON q * first class four story and basement brick House, in good location, on Third avenue, bailt about two years ago; eht per eeut commission allowed ; prine cipals please apply or address J. THOMPSON, 143 Fourth avenue, between Thirteenth and Fourteenth streets, in | store. € $15,000, $10,000 WANTED—ON FIRST 25.000. itoreigs ‘on well improved real estate in this city, worth three times the amount of loan. Ap- ply to WILLIAM J, HAWS, 5 Pine street. 50.000 WANTEDTIN SEVERAL SUMS. IMME. JU, diately, as advances on best staple Dry nirity undoubied ; large bonus given. Capital: ists and auctioneers, address MERCHANT, box 128 Herald office. $60 000 % LOAN ON MORTGAGE IN SUMS IU, of $50,000 and upwards; existing Mort- guges purchased. HINMAN & SON, 25 Pine street. $100. 00: TO LOAN—IN SUMS TO IT, ON . class mortgages, notes, ds and other securities; also cash to buy the same. PAUL P. TODD, 55 Liberty street. 105 (iV oN IMPROVED REAL $195.000 in sums to suit; also purcha: ing Mortgages; Loans to builders. Principals only apply to GEORGE A. SANDHA\ y cashed. | Apply to Property ‘ond Mortga cashes . | WILLIAM KENNELLY or HENRY TAYLOR, No. 4 vine street, 9092 TO LOAN—ON BOND AND MORT- $293,000 imctahp natin ars ond Mortgages. PHALON & SLOAN, 31 East Seventeenth street. a THE CITY COUNCILMEN. Help for the Poor Laborers—A Million Dollars Additiohal Appropriation To Be Made for the Work of the Departments—A Fine Raw in the Board of Aldermen—The Fathers Attempt to Arrest Each Other for Contempt—Are the County Canvassers Exempt from Aldermanic Duty? Ten members signed a call for a special meeting of the Aldermen for general business. Alderman Morris had a resolution prepared which authorized the Board of Estimates to increase the appropria- tion for Public Works by $2,000,000 for the employ- ment of workmen. It provides that $1,000,000 shall be disbursed by the Department of Parks and | the Department of Public Works respectively, upon work already ordered, including the Eastern i | 6, by the Rey, John Boulevard, Riverside Park, the East Side Park and the Morning Side Park. The resolution provides that the ruling wages shall be paid, and none shall be employed except they have been residents-o! the city for three months preceding the passage of the resolution, When five o'clock arrived Aldermen Flanagan, McCafferty, Reilly, Lysaght, Ottendorter, Cooper, Kehr and Koch were absent, and no business could be done. Some of the members said they were dodging, as one of the matters to be con- sidered was to take the Industrial Exhibition appropiation from the taole and kill it. The roll call showed seven members present. The President said he would, if instructed, send here under arrest if necessary, Mr. MONBEIMER—I move to send the order of ar- rest and sergeant to Mr. Cooper’s house and | bring him here. It is now half-past tive. Mr. CLAUSEN—It is too late. We meet'as county canvassers at five. Mr. BILLINGS moved @ call of the house, and it was ordered aiter the roll call. The sergeants were ordered to bring absentees in, under arrest, | and they disappeared, | Mr. MoRRIS (looking at two Assistant Aldermen) — There are two half Aldermen here, | move they be shoved into one and a quorum made. At five o’clock @ sergeant-at-arms returned, and reported that Mr. Fiapagan declined to appear, it was within three minutes of the hour for res ing the county canvass. At aquarter past five Alderman Ottendorfer, | who had been sent for, with a carriage, arrived and Was greeted with acbeer, One was still r quired for @ quorum, as Mr. Clausen had gone to | the county canvass, Mr, Ottendorfer was sent | alter Clausen. The Board of County Canvassers were in session, and when the Sergeant-at-Arms ofthe Aldermen appeared to arrest the County Canvassera, County Canvasser Reilly moved and | County Canvasser Lysaght seconded a motion, Arms to arrest the other body whiting in the Aldermanic room. Sergeant-at-Arms Reafield, ot | the canvassers, conveyed his message, but made | no arrests. Neither did Sergeant-at-arms Keck- heisen, of the Aldermen, arrest the canvassers. | The two factions remained in their respective meeting rooms, id each ignored the order of the other, Mr. Vance, of the Aldermen, finding that | the county canvassers would not obey, reported Messrs, Flanagan, Lysaght, McCafferty, Kehr, | Reilly and Clausen In contempt, and the Board ad- Journed. Several of the Aldermen reported in contempt stated toa HERALD reporter (hat they did nol at+ tend the meeting because the cabal wno met as Aldermen would not inform them as to the ob- Jeo inform them that Mr. Alderman Van Schaiok wanted a soecial Meeting, and that their duties as County Cunvassers were paramount to those of Aldermen, The following highly important resolutions were also adopted :— Whereas the evil effects of the species of speculation that gave to great public enterprises dctitious value combinations of labors that have taken (rom the ‘dai tofore aa the standard of a day's work, and increased the compensation tor the remaining portion trom twenty to twenty tive per cent, thereby adding frou forty to torty-dve per ent to the cost of production, with many minor causes have’ resulted, by Kave Reen, forenodn, in bp ag hl mic ‘and i Ing not alone the ng Classes, Dut capitalists and business meh throughoat theoountry, ead ROW Lass With & Weyclt al daly iuotaagine uriNnRe | CAHEN, | atrend hts juneral, on Sunday aiternoon, No Of the special meeting, merely consenting to | 9 | | | | | | | the | twenty per cent of tive time allotted and recognized here. | i ypon the poorer ctasses*of i x m witcreas i rer othe deplonanyeoeetoat te Searcy capital Or the over-sensitivenesd of capitalists which de- ters them rom embarking in those enterprises that moves, directs and controls the vast business of this country, and which ts tell with more than ordinary severity’in ftoanclal centre, It is incumbent ¢ such Measures as they may deem best calcuiated to meet the emergency aud to ameliorate, so tur ag they have the ineana, the sufleri and privitations which are certain to be the lot of unemployed laborers, mechanics and artisans during the coming “winter, or until such times as. reviviny business, through reassured capitalists, shal bring about more prosperous times, or a now era of prosperity is inaugurated by arrangements ‘mac terially advantageous to both capital and Iabor; and of At, eas it is fortunately in the power of this Board many, If not most, of the Isborers of our city to prov’ for themselves and their famines, tis true thataercn 18 of chapter 335, Laws of 1873 (commonty called the charter), prohibits the Common Council trom borrowing money or contracting debts or loaning the credit of the city, anless specially authorized so to do by act of tho Levistature ; the same law, by section Ta, vosts the ‘power for making appropriations for the expense of constructing public business of the city of New York in a Board of Estimate and Apportionment, consisting of the Mayyr, Comptroller, President of the Board of Aldermen and Promdent of the Taxes and Assessments, Who annually, between the first day of August and the firstday of November, make up such estimates and submit thé same to the Board of Aldermen on or before (he 10th day of the last named month. This Board is then given 1S days for the con- sideration of the estimates so submitted, and a special meeting 13 to be called for that purpose. Wednesday hext, the 19th inst., 1s named as the day ror such special meeting. Any objections fo or rectifications of said estimates, made by the Board of Aldermen, at such Special ‘meeting, shall be made by tho said, ard in writing to the Board of Apportionment, and if not overruled by the latter Board become the final estimates for the eusuing year, I¢ is not probable that under existing oireumsturces any reasonable recom- mendation of the Board, made with a view ot providing employment for the laboring classes at this time, will be overruled by the Board of Estimate and Apportionment, nd whereas ordinary prudence, apart from any other or higuer consideration, should'aaduce this Board to recommend the means of providing employment for the Fesident poor and unemployed in this city, even if the work performed wasot little present or prospective benefit to the city, how imperative the duty of so doing when the Work is certain to be advantageous and beneficial to the city and every interest in it! The Eastorn Boulevard, the bast Side, Morningside and Riverside parks im: provements, yet in embryo, and other large lmprove- ments in the upper part of the city, should be immedi- ately undertaken and prosecuted to completion, without delay and the means necessary therefor should be placed in the hands of the departments of the city gov- ernment entrusted with the direction of these improve- macuts. The expense in most, if not in all, cuses, is paid one-half by the owners of property benefited, the other halt by the city at large. not ' in viola- tion of law or ordinance, the assessment bonds issued duriny the progress of the works tight bo in denominations of $25 and $0, and should it be dificult to obtain money be given in payment to the workmen as wages. Irdone at the present time itis indisputable that the work can be completed ata mach reduced cost, &s the prevailing prices for labor pald by private employ- ers only should be paid the etuploycs of the city, with a View theretor ot economically and expeditiously.comn- Pleting the public improvements in the upper part of the city, Wereby providing employment for the maultitade of laborers, mechanics and others now out of employment. Be it thereture solved, That the sum of $1,000,000 be added to the appropriation made by the Board “of Estimate and Ap- Portionment for each of the Departments of Public orks and Public Parks, to be expended by the said de- partments in payment of the citv’s portion of the ex ense of completing. the pablie improvements known as he stern Boulevard, the Kast Side Park, the Morning- side Park, the Riverside Park and such’ other of the public works as may in the opinion of said departments be at the same time or near future most advantageous and desirable, providing that the ruling prices for labor Bung, private individaals or companies only shalt be paid to the employes of the city, and that no person who is not resident of the city and Was not such resident for a period of three months prior to the passage ol this resolution shall be employed on any such public works; and be it further Resolved, That the foregoing rectification of the pro- visional estimates tor the year 1874, made tor the Depart- ments of Public Parks and Public Works by the Board of Estimate and Apportionment, be transmitted by the clerk to the said Boaru of Estimate and Apportionment as pro- vided in section 12 of chapter 335, Laws of 1873, together with a copy of this preamble and resolution. ‘There were no serious results from the little “prush’ beyond the shaking up of Alderman Ot- tendorfer over the rough cobblestones in his night carriage ride to the Hall, the interruption to his dinner and the wearing off of flesh of the Ser- geant-at-arms. FIRE AT ST. JOHN, ¥. B, . Sr. JOBN, N. B., Noy. 15, 1873. The fire ‘ast night was confined to Alian’s foun- dry and 18 dwellings of the tenement ciass, occu- boat about 60 families, The loss ts estimated at $40,000, en MARRIAGES AND DEATHS. Married. Dopworrd—OakLEyY.—In Brooklyn, on Thursday, November 13, 1873, by the Rev. David Patterson, D. D., OLEAN H. DopwoRTH to Mrs. ADELAIDE A. OAKLEY, eldest daughter of William B. Littie, all of New York. Evans—PaTERSON.—On Wednesday, November 12, at Trinity church, Brooklyn, by the Kev. Dr. Hall, Maky M., daughter o! the late R. H. L. Paterson, of Paterson, N. Y., to W. Moong Evans, of Washington, D.C. 4 FowLen—Grrrin.—At Keuka Lake, New York, on Wednesday, November 12, by the Rev. 0. H. Sey- mour, J. Henry FowLgR, of this city, to Marie LOUISE, youngest daughter of James Giffin, Esq., lormerly of New York. No cards. McCULLOCGH—McCaBE.—On Wednesday, Octo- ber 22, at the Dominican church, by the Rey. Father Rochford, Mr. CHARLES MCCULLOUGH, of New York, to KaTr#, youngest daughter of Hugh McCabe, Esq., of this city. KOBERTSON—MARKE™ On Thursday, November |. Lockwood, GEORGE A, HoBERTSON to Mary E. MARKBY, all of Brooklyn. Springfield (Mass.) Republican please copy. SAGKINO—BoWNER,—In this city, on Thursday evening, November 13, by the Rev. W. McAllister, Mr. FERDINAND SAGRINO to Miss SARAH F. BOWNER, ScoTr—SPraLpInG.—1n this city, on Saturday, Novemver 15, by the Rey. Mr. Wilson, Mr. SamUsL | W, Scorr to Miss M. FLORENCE SPALDING, Died. ANpeM.—On Friday, November 14, Saran K, An- DEM, aged 94 years and 8 months, ‘ Notice of tuneral hereaiter. Ant uddeniy, at Hong Kong, China, on Thnrsday, September 18, WILLIAM ©. ARMS, in the Bist year of his age. Bavry.—On Wednesday, November 12, at her residence, Newton Lower Falls, Mass., MARY » relict of the Rey, Alired L. Baury, D.D,, a 75 years. BANNISTER.—Suddenly, tn Jersey City, on Satur. day November 15, AMELIA BANNISTER, aged 78. The friends of the family and the theatrical pro- sion are respectfully invited to attend the fu- al, at the First Reiormed chureh, Grand street, bee at one o'clock, Monday afternoon, the 17th. Philadelphia and Boston papers please copy. Bores.—Suddenly, on Friday, November 14, Maaria, wife of James Boiles. The relatives and friends of the family are re- spectfully invited to attend the funeral, this (Sun- day) affernoon, half-past one o'clock, at her late residence, 428 West Eighteenth street. Bropexick.—On Saturday, November 15, 1873, Mary BRODERICK, daughter of Marcus and Mary Broderick, aged 5 years, 1 Month and 16 days, The friends of the family are respectfully invited to attend the funeral, at her late residence, 82 Can- non street, this (Sunday) afternoon, at two o'clock. Washington papers please copy. Burystpe.—Gn Thursday, November 13, of mem- branous croup, JOHN A.,sonof Join and Mary Burnside, aged 8 years and Li months. The tuneral will take place, Irom ‘484 Humboldt street, Brooklyn, E. D., at half-past one o’ciock P. M., to-day (Sunday), the 16th instant. Glasgow (Scotland) papers please copy. Brrey.—On Saturday, November 15, Many ANN oo: BRikN, aged 76. Notice of tuneral in Monday’s Herald. CaneEN.—On Thursday, November 13, ALBERT | aged 44 years. , | The relatives and friends of the family, also the members of the Congregation Adas Emunu, of Hoboken Lodge, No. 35, F. and A. M., and of the Hoboken Quartet Club, are respectfully ae mber . 85 | 16, at two o’ciock, from his late residence, Garden street, Hoboken, N. J. CALDWELL.—On Saturday, November 15, WILLIAM, | eldest son of the late David and Elizaveth Caid- well. The relatives and friends of the family are re- spectiully invited to attend the funeral, on Mon- day, November 17, at two o'clock, from’ his lave residence, No. 6 Clinton place (Ewhth street). COPRLAND.—On ee, November 14, JENNIE E., | daughter of Jonn C. and Kilen A. Copeland, of con: sumption. aged i2 years, 9 months and 6 days, Kelatives and iriends of the family are respect- fally invited to attend the funeral, from the resi- dence of her parents, 19 Sixth street, South Brookiyn, on Sunday, November 16, at two o'clock P.M. The remains will be taken to Greenwood for interment. CRaiG.—At Metachen, N. J., on Priday, ber 14, 1873, HENRY W., infant son of Henr, Emie D. Cratg, aged 23 days. Dacoxtr.—in Brooklyn, on Thursday, November 15, of membraneous croup, WILLIAM C. DaGeRrtr, | aged 4 years and 3 months, only son of the late Wiliam A. and Athalie Daggett. ‘The remains will, be taken to St. Louis for in- ferment. St. Louis (Mo.) papers please copy, DayMonD.—At Englewood, N. J., on Saturday porning November 15, BVALINA, daughter of Martha L, and the late Stephen Daymond, aged 6 years. Funeral on Monday, November 17, at three o'clock P. M her mother’s residence, in Engle- wood. Carri on the arrival dersey Ratiroad. De Groor.—Suddenly, on Friday morning, November 14, Wittiaa Hi DE GRoor, in his 62d yeur. Relatives and friends of the family and members o1 Bedford street Methodist Kpiscopal church, also friends of his son-in-law, Alpheus Freeman, are respectiully invited to attend the funeral services, on Sunday, November 16, at four o'clock P. M.. (rom his late residence, 15 St, Luke's place. Nortce.—The members of Chancellor Wal- worth Lodge, No. 271, F, and A. M., are requested to meet at the lodge room, No. 38 Union square, on Monday morning, November 17, at nine, o'clock, y ationd the juneral of brother William H. Decree Kvangelist Lodge, No. 600; Bethel Lodge, No, mite and the fraternity generally, are gt — With the lodge upon : ii MoouE, Master. Faepentox W. Harnina, Secretary. Pas Lani, 00 Weigan Mayeuber Lh: Cet asatatit the 1:30 train of the Northern New ages will be in waiting at the depot | at one o'clock, ‘O::tMiy of Peter 0. and Denise Do L’Herbe, oars eae bees Sad The funeral Gril tetke place on Sunday, Noven> ber 16, at twetve o'clock. Dopox.—On Priday, 14th big tend W. Dopex, Funeral services will be held at the restdence his ig Joho en Pans 283 Lage atree ri aftern three O'clock. Taterment at Hempstead, Lak” Dononos.—On Saturday, November 15, Joma Dononor, aged 63 ears. relatives and. friends of the family are re- e spectfully invited to attend the funeral, on Mon day afternoon, at one o’clock, trom her tate rest~ dence, 1,576 Third avenue, KpMoNDston.—In Hoboken, ber 14, ELizapeTa TEDMOWSTON, fh ner Novem- ‘The funeral will take place from tho residence of her son, 8. 8. Edmor No. 719 Bloomfield street, on Monday morning at 10 o'clock. Ecan.—On Wednesday, November 12, Joun EOam, in the 40th year of his age, native of parish of Bal- lycrisna, county Galway, Iretand, ‘The friends and acquaintances of the family are respectfully invited to attend the funeral, from his late residence, 398 Greenwich street, on Sunday, ae 16, at one o’clock; thence to Calvary Akron (Ohio) papers please copy. ®viens.—On Thursday, November 18, 1873, Hmm MINE MAROARRTHA CHRISTINA EVERS, the beloved daughter of Henry and Wilhelmina Evers, aged 2 years, 3 months dnd 18 days, The relatives and iriends of the family are re peering ine en: (ies faneral, from 40 7 ni jovel half-paat one o'clock 8Y* November 16, 1813). nt feng SS Bat see a, 2 ce, ‘averle, UKE F, the Tad year of his age. ¥ a The funeral will take place, on Tuesday mornt the t8tn inst., at half-past nine o'clock, iy 3 Joseph’s church, 5ixth avenue, where a requiens mays will be celebrated. The relatives and friends of the family are respectfuliy requested to attend, Faursach.—Of heart disease, on Saturday, No- vember 15, CHABLES FAHEBAOH, aged 47 years and 18. days. The relatives and friends of the eer, oe the members of Harmony Lodge, F. and A. are re- spectfully invited to attend the funeral, from hie late residence, No, 935 o'clock ¥. M., on Tuesday, 18th; thence to Green- wood Cemete! nd aveaue, at one Gatks.—At Montclair, N. J., Lucy W. Garss, Wife of J. B. Gates, of pneumonia, The funeral will take place on Monday, November 7, at Montclair. Carriages will meet the train 4 ai w Morris ana Essex Railroad, leaving New York pre M. Belatives and friends are invited atten GRoGAN.—At Sammit, N. J., ELIasern, the widow of William Grogan. The funeral will take place on Tuesday, Novem ber 18. Carriages will meet the train by Morris and Essex Railroad, leaving New York at 10:40 A, M._ Friends and relatives are invited to attend. HENDERSON.—On ‘Thursday morning, November 13, after a protracted illness, MaRGanrt, wife of Isaac Henderson, in the 56th year of her age. The funeral will take place trom her late rest dence, No, 18 West Fifty-fourth street, on Monday, November 17, at twelve o’clock M, Hiaeins.—On Saturday, November 15, after & Lebel illness, HARVKY HIGGrns, tn the 74th year of is age. ~ Relatives and friends are respectfully invited to attend the funeral services, at his late residence, No, 237 West Thirtieth street, on Monday evening, at half-past seven o’clock, The remains be taken to Bediord, Westchester county, for inter- ment on Tuesday morning by the first train from Forty-second street depot. Philadeiphia papers please Nal Jagues.—Suddenly, on Saturday morning, No vember 15, Mary W., wife of Edward J. Jaques, im her 72d year. Relatives and friends of the family are respecte fully invited to attend the funeral, irom her late residence, No. 9 East Fifty-fourth street, on Tues- day, 18th inst., at two o’ciock P. M, New Jersey papers please copy. Jonnson.—On Friday, November 14, Mrs, ELIZA. D, JOHNSOX, widow of the late Dr. William J. John- son. The relatives and friends of the family are in- vited to attend the funeral services, from her late residence, 669 Greenwich street, on Monday cvene ing, at seven o'clock, AZINSKI.—On Saturday, November 15, of enlarge- ment of the heart, Count Lovis CHARLES MATTHEW KAzINSKI, ee eee to the Court of General Sea- sions, in his 48th year, Funeral on Monday, at one o'clock P. M., fronz No. 157 Kast Fifteenth street, Friends are invited. AMERIOUS LODGE, No. 535, F. AND A. M.—BRETH- BEN—You are requested to meet at the lodge room: | on Monday, at twelve o'clock, for the purpose of attending the funeral of our late brother, Louis Kazinski, By order BRADLEY C. PRESCOTT, Master. GEORGE W. RELYEaA, Secretary. KimseR.—On Friday morning, November 14, Ros- ERT THORNDIKE KIMBER, the infant son of Robert H. T. and Eliza Kimber, aged 4 days. The friends of the family are invited toattend the funeral, on Sunday, at half-past one o’clock, from 1,016 Pacifie street, Brookiyn, L. L Lrypsay.—On Friday morning, November 14, Jane Linpsay, wife of the late James Lindsay, aged 62 years. ‘The relatives and friends of the family are re- spectfully invited to attend the funeral, from St. John the Evangelist church, corner of West Elev- enth street and Waverley place, this (Sunday) af- ternoon, at two o’clock. MunpHy.—On Saturday, November 15, at his late residence, 211 East 117th street, EDWARD MURPHY, in the 19th year of his age, Funeral from St. Paul’s church, West 117th street and Fourth avenue, on Monday, November 17, at ten A. M. The friends of the family are respectfully invited to attend. McCHESNEY.—At Waukesha, Wis., on Monday, November 3, 1873, A84 BRAINARD McCHgswgy, of Harlem, New York city, aged 35 years. He was buried at Bayside Cemetery, St. Lawrence county, N. Y., nis native place, NasH.—On Friday, November 14, PATRICK NASH, : ye of the parish of Kilbrin, county Cork, reland. Relatives, friends and acquaintances are re- spectiully Invited to attend the funeral, from his late residence, No. 9 Boerum street, Williamsburg, L. L, on Sunday, November 16, at two o'clock. Orren.—Suddenly, at Hastings-on-Hudson, om Friday, November 14, JouN OTTEN, @ native of Ger- many, aged 63 years, 8 months and 29 days. The friends and acquaintances are res] fu invited to attend the funeral, from St. John’ church, Christopher street, on Monday, November 17, at ten o'clock, A. M. O'NEILL.—On Thursday, November 13, after @ short 1ilness, ELLEN O'NEILL, aged 71 years. The relatives and friends of the family, and also those of her sons, Michael, James and Hugh O'Neill, are invited to attend the funeral, from her late residence, No, 41 Clarkson street, this (Sunday) aiternoon, at one o'clock, O'Ner1.—On Saturday, November 15, of con- sumption, HONORAH O'NEILL, daughter of Jolin and Anne O'Neill, in her 21st year. The relatives and friends of the family are re- spectfully invited to attend her funeral, on Sunday, the 16th, from 509 West Twenty-sixth street, at one o'clock P. M. PHILLIPS.—-The members of Seawanhaks Lodge No. 678, F.and A. M., are hereby summoned te attend @ special communication, to be held at the lodge rooms on Sunday, November 16, at tweive o'clock, to attend the iuneral of our late brother, John Phillips. MOSES WALKER, W. M. E, S. BLANCK, Secretary. Raymonp.—On Saturday evening, November Exim OLIVIA, eldest daugiiter of Sueldon C. D. — Hoyo i tone Notice of funeral Monday. Reaan.—At his residence, No. 551 West Forty- second bas on Friday, November l4, CHABLES EGAN, aged 27 years. The Yelutives and friends are respectfully invited to attend the funeral, to-day (Sunday), November 16, at half-past one o'clock. Ricuakpson.—On Friday, November 14, 1873, after a short illness, EDMUND B, RicHARDSON, aged 62 years. : ” The relatives And friends of the family are cor- dially invited to attend the funeral services, at Hotel Branting, corner ot Fifty-eighth street and Madison avenue, on Monday morning, November 7, at eleven o'clock. ScHEFER.—At London, England, on Tnesday, November 13, of typhus, ANTON SCHEER, of New York, 20 years old. SCHERMERHORN.—On Thursday, November 13, Mary Romer, wife of Azel Schermerhorn. The relatives and friends of the family are te- spectfuily invited to attend her funeral, on Mon- day, November 17, at one o’ciock, from her late | residence. No. 136 Concord street, Brooklyn. scorr.—On Thursday Ges 8 November 13, of of paralysis, JoHN Scorr, aged 77 years. ¢ friends of the family are respectfully invited to attend the funeral, from his late residence, 6& da | street, on Sunday, 16th inst., at one o'clock P. M. Snary.—On Saturday, November( 15, 1873, Lveme- Tra A. Vooriis, wife of John W. Shay, aged 30 years, 3 months and a days. in pied Notice of funeral in Monday’s . SULLIVAN.—On Saturday morning, November 16, Goa son MA bg ye Annie M, Sullivan, aged ¢ years and 4 months. The relatives and friends of the family bg AH spectiully invited to attend the funeral, on day, November Tf, at two o’clock, from the ress dence of the family, 89 Baxter street. P; ‘Scrrer.—On Friday, November 14, 1873, Pauw Gxnaanp Surrex, only son of John and Gesche Sut d Lyear, 11 months paneeal wil take place from bis parents’ resi- dence, Middle Village, near Lutheran metery, L ‘on Sunday, November 16, 1873, at two o'clook . ML vg.—On Saturday, November 15, of con- somrpuet, at 262 Ryerson ere Brook in the asd Y| Cd her age, Ross, the below wile of Wil- m Yaaie. Havotioe of funeral in to-morrow's Herald. VANDEVENTER.—JOUN HENRY F. VANDEVENTER, aged 3 years, T months and 20 days, "Toe funeral will take piace from the residence or his parents, No. 76 Bast 130th street, on Monday aiternoon, November 17, at two o'clock, WatsH.—On Priday, November 14, Many, wife of William Waish and daughter of Thomas and ie o Se ee utara Mah eaan of le Irelan year ol Funeral will take place on Sunday, or ben el tne residence of her un Laurence Bowe, 78 Carroll street, Brooklyn; “wine —On Savurday, NoveR! 1TH. — aT i bat Texington avenue, FRANORS B. ‘ari, widow Kg ‘Thomas L, Whive. . Mature of Caapen Wargo,