The New York Herald Newspaper, February 13, 1874, Page 9

FINANCIAL ND COMMERCIAL Will Congress Give Heed to the Legal Tender Question ? THE MONETARY SITUATION. Gold Strong and Money Easy—More Cur- rency Than Is Wanted. STOCKS DULL AND DOWN. Government and Railroad Bonds Strong. Wat. STREET, } ‘THurspay, Keb, 12—6 P.M. \ Im the peculiar course pursued by the Treasury Wepartment in the munipuiation of the so-called Regal tender reserve, and in the dilly-dailying pol- Acy of Congress with reference to the financial sit- Mation, we have a reason not only for the stagna- ion of general trade, but of the attitude of the tock market to-day. T' is no confidence. On Contrary, every busine . man 1s in suspense, fe cannot tell twenty-four hours in advance what acillations may be added to those which have al- ady taken place to undermine his plans, He Wonsequently dare not engage in new ventures, enlarge his capital, stir his muchinery beyond the iebsolute demands of the moment, or take any step whatever that may jeopardize his invested Wapital and so produce ruin, In tact the govern- ent itself is standing in the way of NATIONAL PROSPERITY, end were {¢ not that the country is inherently trong, abundant in resources and promising in its \gtowth, we should see misiortune as the result of instability of prices and the unsteadiness of usiness caused by the very hand that should be 1 first raised to afford relief. These legal tender tes from the very nour Of their issue have done ‘more to demoralize the commerce of the: nauon all other things combined. They immensely creased the cost of war; they have enhanced whe expenses of government since the restoration ‘wf peace. They have upset values and put a check pn judicious enterprises; driven specie from cir- ulation and made it merchandise; sent to foreign ‘bountries the product of our mines; established Kehemselves as an incubus that grows in weight (rom hour to hour, and to-day come up like Ban- quo’s ghost unbidden toa feast to frighten the in- Wastfies of the land and threaten even greater Bvils than those which have preceded. GouD wpened at 11214, and retained much of its strength ee the greater part of the day, but the market severely pounded toward the close, and we ve the result in a close at 11244, The temper of fehe operators is strongly favorable to higher ‘prices, and it bases itsel! on the symptoms thrown ‘wut by Congress. More greeubacks meang higher wold, Every legal tender possesses @ speculative walue measured by the Wall sireet standard, and whe market evidently waits on the changes re- from Washington. ‘The rates paid for carry- Seouly were 3, 4, 334, 7 and 2 per cent, . PERATIONS OF THE GOLD EXCHANGE BANK TO-DAY. id balances, $1,225,202 icurrency balance: 1,381,986 Gross clearances. 43,992,000 CLEARING HOUSE STATEMENT. \curreney exchanges. 72,818,500 4 «Currency balances. y id exchanges. 9,760,932 old balances. 1,750,487 MONEY fontinues easy at 4 and 5 per cent on callloans nd $ and 6 per cent as exceptional rates to those ‘ho wre early or late in the market, The supply of Mercantile paper 1s small, and the price of the ‘Pame remains unaltered from our last quotations. Woreign exchange was quiet and firm; the asking pates remain at $485 for prime bankers’ sixty Pays sterling, and $4 8834 for demand, with busi- mess at $4 64% and $483. Ovmmercial bills con- @inue scarce, Continental exchange was firm for WReichmarks at 96 a 96} for lons, 96% a 97 for de- id, and 97¢ a 97% for caples. Prime Paris ‘ancs are quoted at $5 1754 and $5124. Bankers? ‘Prerling of all kinds is offered sparingly. 4 THE FORBIGN MARKET. Late cable advices state that the bullion in the Bank of England increased £205,000 during the week. The rate of discount up to the present time pemains unchanged, The London market for secu- -Pities is frm, and street money on three months’ bills ia at the same rate as charged at the bank. Paris despatch quote rentes at sf 823gc. The epecte in the Bank of ce has increased 14,000,000f, during the past week, In Amsterdam prices were ‘as follows :—Central Pacific first mortgage bonds, 63%; Union Pacific first mortgage bonds, 73%; ‘ROolon Pacific shares, 30}; Northwest preierred, 87; St. Paul preferred, 65; Erie shares, 43%. The proportion of the Bank of England reserve Mabilities, which was last week 465% per cent, now 46% percent. The .ollowing are the late London prices, American securities being reported quiet and dull:—Consols for money, 9115-16 a 92; lao, for account, 921-16 a 9234; five-twenty bonds Of 1865, old, 10944 @ 10914; do. do., 1867, 10934; ten- forty bonds, 105% a 105%; new fives, 103}; Erle Railway shares, 44% a 44%; New York Central @hares, 96%. The Bank rate is unchanged, THR UNITED STATES TREASURY. The increase in legal tenders since yesterday Is %$64,912. The revenue receipts to-day were $296,000. The customs receipts were $561,000, The Treasury Walances at the close of business to-day were:— ‘Warrency, $4,159,295; special deposits of legal Wonders for redemption of certificates of deposits, 948,425,000; coin, $79,224,065, including coin cer- Rificates, $44,955,500; outstanding legal tenders, 381,354,927. It will be observed that the specie valance shows a large decrease, This 18 doubtless ue to the peculiar bookkeeping of the Treasury, ‘whereby, until to-day, the fact has been concealed ‘that the Secretary was $4,500,000 short, as a conse- “quence of his gold payments on the loan of 1858, nvhich necessarily reduced his figures to some ‘$79,200,000. Itis not remarkable that this public Anstitution should be run like an individual account ‘that awaits the visit ol @ sherif. The customs re- «@eipts for the week ending February 7, were $3,800, 000. SOUTHERN SECURITIES, In State bonds the transactions were small. ‘iissouri sixes 801d at 9334; Missouri, Hannibal and St. Joseph issue, at 91 49134, and Tennessees at 8334 a 83%. The latest bids were as follows:— . Missouri sixes, 93; do. do., Asylum or University, 189%; do. do, Hannibal and St. Joseph issue, 91; Mennessee sixes, old, 88; do. do., old, ex-coupon, €3%; do. do., new, ex-coupon, 64%; do, do., new series, 6444; Virginia sixes, old, 3814; do. do., con- Bolidated, 51%; Georgia sixes, 75; do. sevens, endorsed, 77; North Carolina sixes, North Caro- Jina Raijroad, January and July, 35; do, do,, do., April and October, 35; do. do, do, off, January ‘and July, 25; do. do, do, off, April and Octo- Wer, 25; do., Funding act, 1866, 24; do., special ‘tax, Class No.1, 11; do, do, class No, 2, 11; 0., d0., class No. 3, 10%; South Carolina sixes, 25; do., Funding act, 1866, 15; Arkansas sixes, Funding act, 33; do. sevens, Little Rock and Fort Smith issue, 20; Texas tens, 1876, 85, GOVERNMENT BONDS, Government bonds closed firm at the best prices of the day:—United States currency sixes, 116% @ 217; 40, sixes, 1881, registered, 119% @ 120%; do, do, 0, coupon, 120% a 120%; do. five- twenties, registered, May and November, 118% & 219% ; do. do., 1862, coupon, 11744 a 11734; do. do., 1864, coupon, 119% & 119%: do. do., 1868, coupon, 119% & 119%; do. do., 1867, registered, January and July, 119} & 1193; do. do., coupon, 1865, 119 & 1103 ; do. do., do., 1867, 119% @ 120; do. do., do, 1868, 11934 & 120; do. ten-forties, registered, 112 q 112% ; do. do,, coupon, 115% & 115% ; do. fives, 1881, registered, 113.4 113%; do. do., do., Coupon, 113 a 11334. RAILROAD BONDS Oontinue strong. We note sales of Albany and NEW YORK HERALD, FRIDAY, FEBRUARY 13, 1874.—TREPLE SHERT. Susquehanna seconds at 98%, Union Pacific firsts at 8644; do, tens, 84; Hannibal and St. Joseph con- vertibie at 85, Lake Shore consolidated coupon Donds at 96%, Michigan Central sevens at 97%, C., C. and I. 0. second mortgage at 68, Boston, Hart- ford and Erie at 31, Central Pacific goid bonds at 96%, Canada Southern firsts at70. The following are the bids as amended at the call Dew York «en 6's, r. ¢- New York (ep o's sub. _ Jo £ Sem SFasf Pee SFr 23, 5: fs 5 gy =| ie = York Cen 7's, ‘76. New yon eg Chie & Alton Ist in. .2./107 Chic & Alton income. Ohio & Miss con Bt... 98 by On. 90 Louies Tei ve (1.0uin a 118 mM. MiléoiP Ist m 7 $10.2 96. Mu & StP 7's, gd, KD. 87%, Mila Ste ist’ Ew OD: 9 i & Sc P ist L&D. Chic & Mil ts m.. Gen Pac gold Dds... 96) Gen Pac rtate aid bds. 105 Western Pacitic bds host, ist re Cedar F & Minn Chic : Onis de 8 W sou bas Bur, CR& ist N cou ur, © i je Te, Yows Mid lat m 8's. Mbnrac & THE STOCK MARKET was not encouraging, although it closed with a slight improvement on the earlier prices, Dulness prevailed, and the principal business was confined to transactions between brokers, who “swa) ped” stocks and bid them up and down for the public benefit, Except in the investment line there was no market, save in one or two instances that will be noted in the record of prices hereafter. Northwest common and preferred were again the leaders, but the hands of the operators were too clearly shown to conceal their purposes, and trade was consequently largely coniined to themselves, Quicksliver soid at 34, Western Union at 77 a 773 @ 7634 & 76%, Pacific Mail at 43% a 43%, a 43% a 43. a 4334, New York Central at 105 a 101% a 104% @ 104%, Union Pacific at 35% % 35% @ 34% a 3534, Lake Shore at 82% @ 82% a 82%, New Jersey Cen- ‘tral at 10734 a 106% a 1074. Rock Island advanced from 108 to 108%, declined to 108 and closed at 108%. Northwest common, under strong specula- tive mfuences, ranged from 60 to 60% down to 58, and closed at 58%. The preferred sold at 76% 875% a 76, St. Paul was steady at 47% a 47%. The preferred closed at 73%. Wabash moved from 533¢ down to 52%, closing at 62%. C., U. and L ©. main- tained its firmness and sold promptly from 31% to 82, dropped to 3144, but Closed at 32%. Delaware, Lackawanna and Western ranged from 111% to 110%. Obio and Mississippi sold at 34% a 3334 a 34, Boston, Hartford and Erie dropped to 1%. At- lJantic and Pacific preferred closed at 2044. Hanni- bal and St. Joseph sold at 31% a 82 9 31, HIGHEST AND LOWEST PRICES. ‘The following table shows the opening, highest and lowest prices of the day :— Opening. Highest, Lowest. New York Central. +105, 105 104 5g Erie.... + 18% 49 4834 Lake Shore + 82% 82% 8235, Wabash... « 53% 5356 5234 Northwestern. + 8056 6035 58 Northwestern preferred... 76% 1655 15% Kock Island. 108351083, 108 Pittsburg.......+0+++ « 59% 89% 80% Milwaukee and St. Paul.... 473¢ 47% 41% Milwaukee and St. Paul pf. 7335 13K 73% Ohio and Mississippi + 84% 34% 8334 New Jersey Central. +0107 10744 106% Dela., Lack. and Western. .1113¢ uy 110% Union Pacific... .. 35% 3544 34% C., C. and L ©. 32g S16 Western Union Ts 76% Atlantic and P: 18% 183 ‘acific 43% 43 MEMORANDA, ‘The Lake Shore and Michigan Southern second mortgage bonds, in amount $25,000,000, due De- cember 1, 1903, interest seven per cent, payable 1st of June and December in New York, have been Placed on the regular list of the Stock Exchange, to be called as the Lake Shore and Michigan South- ern consolidated second mortgage bonds. With these bonds the authorized bonded debt of the company is $50,000,000, ‘The consolidated first mortgage seven per cent gold bonds of the Indianapolis, Bloomington and Western Railroad, to the amount of $5,000,000, and the second mortgage of eight per cent currency, to the amount of $1,500,000, have been added to the “free list.” To the Stock Exchange list has been added the new bonds of the New York Central and Hudson Raver Railroad Company, amounting to $30, 000,000 SALES AT THE NEW YORK STOOK EXOHANGE. Thursday, Feb. 12—10 A. M., Betore Cal}. } 100shs Chié NW &R.s2 1300 ao. . 100 shs Qui 600 Wi ‘k Min Co.. eer Ub te Cy a5 47 47 73 rd 2 Bi | 2 bit 60 uy oe ttt 200 ill B00 Mt w 67 JI SL i ar 200 “3 luo 20! ‘300 2! 300 2% 400 20g 40 20) 1200 2y 1100 2: 50 cs ‘1100 Us 5-29, c, +-teg = oO do. chia NW RRS oe $3.23: i S' SESERE! Os. ves vaes 4000 Un Pac 10's in 1000 Chi & NW Ist. ‘5000 Ca = gezeetsd C -. 108) Mé iP RE. No a7 do. SESEBSESEeSESES sees op R cEE 100 100 Con Cor 100 Spring M Coai..be =: 6) am Expre: ~be 66 so welts args Bx 53% fells-Fargo WONY CAHKRR, 3° «00 do. 813 0 By 100 813 100 “ 100 £0) Oluo & Miss 34) 2d Mo WO a we. 0 i 2800. do. 33 40 Ohio & 6 Wok 10" d Ww a lw do. Mm di 100 do). 10) Atl & Pac pr. WO do... 12:30 P. M.—Before Call. 400 shs West Un Tel... 76% 100shs0,0,C &1 RR. & 60 a0 oe wu Chia RT RR . sd 108 6) do. 18 2OMus 47, lo 4 50 do a7 300 ao. 1% | 109 a0. 4 Ww de Pi to Unt. Bu ar ur 16.4 Toi a Wi ae id lo. | 100 do. 62%, | 10) do 52 200 Del, L mt 100 do. 110} | 200 Pit 20 do Lo! 300 ao. no} 200 A iy 1% | 200 33% | ‘ ey 140 33% 300 33% | 100 We | 20 au | wo 2; an Fy 10 3 40 ane 200 3% | 400 ‘Sim | 80 a 00 od i 200 Bide | wo 2115 De M. $4000 US 66, c, 'B1...be 120% $10000 US 5-20, r, 62... LTH Second Board—1 P. DM. 1700 shs Chia NW RR 58! lw 0. 88 & & BR ist Mow Con Facititgd bs 90% Gan South 1st 10 shs: el & H Can 100 Con Coal of Md.be 43! do,. 100 Ohio & i 3° WOK Ck IO RE. be M4 Ww A & Pac REpLDE 2:30 to 3 P. 100 shs Chi & NW pf.b3 Mg 8 do, 7 shs Con Coal 100 Weat Un tei, 200 4a | bays of M: 30 do 2.0 Atl & Pac RR pt. lw GO... cree eee DS CLOSING PRICES—3 O'OLOOK P. M West UnTel.... 76% 8 77 Pittsburg. Quicksiiver :... 833g 4 34 Ch & NW Quicasilver pt.. 3d" a 40%, Tb 10% Bost Water Per 18 a 13 “W756 <6, a U7 Chicago & it T..1ussy a Llu a Lib Mil &otianl.. 275 a “435, a 4336 Mil & -t Paul pr 7335 @ sew York Cen.1U4a a 108% ‘Yoledo & Wab., 53 a 45)n a 48) 83% ima 2 Han a stiove. #06 a an it Jo pt. 28 ea 82% UC aIU...... Sige a 35: COMMERCIAL REPORT. pa ie EO Cotton Irregular—Flouar Unchanged— Wheat and Corn Lower—Oats Firmer— Pork Hasier and Lard Lower—Coffee Dull—Sugar in Demand and Firm— Freignts Quiet and Easy—Petroleam Dulk and Unchanged—Naval Stores Nominal—Whiskey Steady. Tuurspay, Feb. 12-6 P. M. ‘The trade movement was moderate, as a general thing, to-day, though there were some notable ex- | ceptions, At the Produce Exchange trade | was as a general thing moderate. Flour was = dull, but not essentially lower, Wheat was dull and rather lower, the market clos- ing with still a downward tendency. Corn was duil, but prices were no lower. Oats were a shaae firmer, but not very active. Whiskey was firm at the advance of yesterday. Pork was rather easier, but more active for forward delivery. Lard was dull and easier. Freights were quict and easy. The market for groceries was dull, with the excep- tion of sugar, which met with a fair demand at full | prices. Cotton wasirregular for lots on the spot, and slightly easier for forward delivery. Petroloum was quiet and not essentially changed in value. Naval stores were neglected and nominal. Corton on the spot was irregular, The revised quota- tions annexed show an advance of 3c. per pound for strictly good ordinary and low middling and \c. per pound tor the higher grades. Ordinary was freely offered ‘and without buyers; the value of this grade continues nominal, Low middling, at quotations, was not readily Obtainable. ‘The market tor tuture deliveries ruled quiet Qtilighuy eamer rates. We quote — Uplands alabama. WN. Orleans Ordinary .... 1K «1G 12g 7 Good ordinary. Hh ream tt i Strict good ordinary... 14% LA a1 Low middling. 115 15g 15% bs Midaling.. 168 ie ie 1759 ¥ 17% | —the qnowatio Quality not more than haif a grade abbye or below the $rade quoted, ‘The sales were :— To-bay, Last Foming, Total, Export. at hal io" Consumpt Speeulation evening atter three 8 at 157-16. April, 40) at -; Suly, 100 at I7 1132c. Total, ay up to three P. M.—February. 100 ag + Mare, 100 a 153¢c. 100 at 1b 15-926 4 820. at Q , 1,700 1 16c., 300 at 16 1-16c., 100 at 16 1-3260., 100 at’ 16 i at 16 1-160. at 1-32c,, 700 at 16c.; May, al Ib¢c., 900 at 16 17-32c., 200 at 16) cot! June, 200 at 16 "18-160, Total, 9,100 bales. Grand total 11,600 baics. Kates on cotton were quoted as follows:—To Havre— By steam, Lge. ;by sath le. | To Hamburg By steam, 10. To Bremen—sy steam, ‘lc. ; by sail, 4c. To Liverpool— By steam, 34d, # 6-16d.: bv sail, 36d." "The receipts at tne Savant 1; Cndrreston, o’cloc! » Howton, 3. Philadelphia ae hua last Weck, 15,284 ‘This day last year, vex,—The market remained inactive, but prices | wero not qnotably changed, altho bh tavoring the Duyer. The total stock of coffee, other than Rio and | Bantos, embraces 12,920 bags, and 26,46) bags of Java—all in first hands, We quote :—Rio, ordinary cargoes, 2c. aAigec.; fair do., 2rgc. $5766. | Ro0d don 38) (0. & 263GC. 5 He. & FC. + me range for lots, ‘a 490 days’ credit, Java. gov. . & Shc. ; Ceyl Laguayra, 270. a se Rico, + Porto ipts—Flour, 14,080 bbis. ; 960 bushels; corn, 39,800 do. ; corn meal, 600 bbis, Hato bushels; barley, 1,000 do; rye, 3800 do, The flour market was dull, but prices were without decided chang: The sales since last roport were about 11,400 bia, includ: ing all kinds, at prices within tl pt of the ‘d Notations, Corn meal was quiet, at unchanged prices; 260 from $4 15 « $4 60 tor ed rices rangin nd $4 ny Sie for ‘Beal lywine, ag, sue * 15 a $5 90 +575 a 600 60 a 700 71M a 7B 575 a 600 60 a 675 i3 a Bw Heung hoop 01 70 8 15 | ui OOP a Fam: 70 «800 $8 a 700 70 a 800 was St Louis, choice family. Dal Califorma,... jouinal, Rye flour, fine to superfine, wa 60 Southern, No. wv ow Southern, supe: 85 6m Southern, extr 7 a Bw Oo alld Oa 450 Wa 44 Oa 475 OO a 445 U0 f. 0 De p e about Io. were about 95,000 bushels, ai Lt te angreged 1 56 $1 67 for No. 1 Nebraska and No. 2 Milwau- rai tocommon No. 2 Chicago and in do; 68 for No, 2 Milwaukee, deliverable first five paren he! @ $18 tor N, Winter were ab it re about Ble. Included in the salt mixed for M. r No. an but without decided | ,000 bushels, at 79c, a 8c. . for yellow ; Sc, for white. re 16,00) bushels. of Western at 65c. Oats were the turn dearer and In the improvement. sales Fock up ‘with confidence at tull former prices, 2 no material ‘change sony, al berth room or ive very little to report, T! TAverpool, by steam, 8,000 bushels | Hy ate ,and we wera :—Ta ch wageme! of grain nt 104., 10) boxes bacon at 45s., 150 bales of cob tor ola aa by Sail, ON) uerces 1 lard » 38. Hd. Ae bbl< four of at 2s. 90, ond 20 boxes £0. To Bristol, by steam, To Gisegow, by awit, 10 000 bushels 15) bbls. of tallow at 37s. and & Be crease at le . The only 3s wo hi Ot were :—An Austrian bark, hence to a Vontinental port, 3.000 quariers ¢raim, at 5s 6d.; a British bark hence to Cork tor orders ‘to the United Kingdom, 2,800 bbia, of refined petroleum, at 7a, with privilege of the Continent, at 7s. 6d.: an ita bark, hence to Genoa, 15,00 cases of refined di and 210 gratuity. a German bare, trom Bremen, 3,00 ‘bbis or refined terms, # German bark, from do. refined do. on other charters rtin, '. rivale terms, We were informed th: Fr oil were pending. JOLASAES.— ibe market remained tions ‘confined to uuimportant jo realized previous prices The les foot up abot 12) bbls. of New Orieuns at from Gc, a 7c. We quote : Cuba, centritugal and mixed. old crop, 18c. 2% 19. ; do., new crop, 2c. # 30c.; Cubs clayed. old crop, tic. 23e.i dow WOW Crop, Wc. ne. ; do. inuscovade refin- ing, old crop, 2tc. a 25c.; do. do.. new crop, We. & 3.0.; do." grocery, old crop, 260. a 85c, do. new crop, 33. 62 OF10, Bilao, old’ crop, 2c. a soc.» English islands, do. .aflea; New Orleans, do, ac. a ic.; new crup. 600. a Téo. The stocks are High. particularly of forvigu, Woich only embrace 533 hhds. of knglish falands Ot New Orleans the supply 1s said to be 14200 Navat Srouxs.—On 'Change to-day the market for spiriteot turpentine continued dull and nomnal. We te, of at met, with transac- bing lot, which | have only to report # sale of 17 bbis, irom whari at 49. Merchantable order quoted at the close at 49c. a 49%. Ri V easier. stramed oflered freely at $2 0 without finding buyers. We quote :—$2 6 & $26) for common to good. she finer grades were Reglected, but not materia.ly chunged in value Lar and pitch’ were dui! and nominally unchange !. #ereoleun. the market for refined was dnt! and in the absence ot reported transactions we quote nominally 1430. a lic. for spot or remainder. of and guoled at 7'sc. » 7ige. ie vosterday sales were made and 2000 bbls. each April . yatse. Cases quoted steady at 2lic., and naptha nominally at 4c, ‘Ihe Phiiadelphia market was inac- tive and mominalin the atsence of transacuons, — Ite- ler of month, and 16}. ‘The Creek markets were not ‘and quiet. celpts—Pork, 1,162 Dbis. ; beef, 54 pack- do. ; lard,’ $47 bbis. and tlerces Pork showed some improvement as ut pric iy for March at 21575, 3, 4 $16 and 7.0 bbis. for May at $16 a $16 05, was duil and norin € month. Crade was in materialy chan; FY ROVISIONS. — ages; cut meats. 3,51: ‘he m Too $15 87! was ai AcOn et and easy, but prices were no. quotably lower; the traasactions inglude 28) toxes of short clear at Si¢c. at 8%c. and 100 boxes of long clear at 85-{ Dressed” hogs were quiet and weak; cliy quoted 70. @ The. and Western at 7c. w 7: Beet continued quiet and prices were not ‘1 changed. We heard of sales in lots footing up fea, Mt prices within the range of $8 a $11 for plain mess bbis), dest und second grades; $11 90 a $13 6) lor extra mess Dbis., $21. $22 tor prime mess tierces, $25 4 $26 India do. dnd $28 50» $3) tor extra India ‘mess. Boot Haws sold ina small way at prices ranging trom $24 6) & $2 (or Southern und $25 a $2 for Western; sales 60 bbls. Cut moais were steady in value and in modecate request. We note saies of 5,000 pickled shoulders on private terms, 10) smoked hame at 1z%0.; Wu pickled do. medium average, at llc, alle. and 7,000 Ibs, Of pickled bellies, part light and heavy averages, on private terms. Lard was easier and only in moder= ate request. Of Western the sales were 50J Uerces, tor February, at 9c. a 9 5-160. ; 2,600 terces, for March, at 95-Lic. a 940. ; 150 trerces, tor “April, at 94c., and’ 600 tierces, tor May, at 9c. ity lard continued quiet, and We have only to note sales of 5) tlerces of seain at 9yc. Othe! recat the provision line were not essentially im value, chan a onthe market continued quigt, but firm. Jobbing Jots to the amount of 4) tierces or Carolina were piace: at trom 8c. a 8%c., small lots of Patna at 73sc. a 7c. and 170 baes of Reagoon at trom 7%. a 7}4e. SuGak—The deniand for raw continucd fair, but the market was somewhat unsetued, but talr 10 good reining ‘was quoted steady at from 77,¢. to 840. We note sales of BW hhds. of Martinique at se. @.8%4e., 177 hhds. of muse vado at 8c., 147 boxes of ceniritugal at 8%. and 10,97 nila at (4c, “Retined was only "ih moderate nd quote BY, al follows:—Yellows, 8c. ¢. ” 3, 9) Ns, t this date, sun up as follows :— Hhds. ssoxes. Me Stock (ascertained by actu: count, including speculs tion) February I, 1874. 11,958 205,727 256 Beceipts since Fepruary 5.958 U8 Totals... ne 17,916 226.043 ~ 256 Sales since February 1, 81303 73477 232 Stock this day, February 12, ddl a S74. ” “. G13 152,566 Comparing with’ ‘stock Fei- ruary 13, 1873... cath 29,943 83,380 1,263 Comparing with stock’ reb- ruary 19, 1872 13,584 21,272 117,806 295 Comparing wil Fuaty 6, 1871 26.545. $1,653 848,087 2,554 =We quote :—C interior ‘to common, 7c, a | Tee. tale to good fair, 7%¢. @ te.; good to prime, 4c, a Blocery, tai? to goud, B4C. a Sigc.; prime to choice, i ceniritugal, bhds, ‘and boxes, Nos. 8 to 13, $e. ; molasses, hhds and boxes, 650. a 7%c.; me: 46. 4.60. Ulayed—uoxes, Duich standard, 03.7 to Sige, a Bigc.i do., 18 to 15. 8%, ae Wisc: do., 19 fo 20, lye & xe. Porto Rico—Refining, coi grocery, fiir to choice, 83, 108. 8 to 12, 7c, a 2, 80. a 3%. Manila— id extra superior, 7c. a 774c. RAKIN continued quiet. ‘Tho’ sales were unimport- antand prices nominally unchanged. 1iLLow was quiet but steady. Lots to the amount of 75,00 ibs. were placed at trom 7%,¢. to 7%c. tor good to higice. eNVuisxey.—Receipts, 918 bbls. The market was mod- eritely ac: and swady, with sales reported of 400 bbis, alas DOMESTIO MABKETS, Gatvaston, Feb, 12, 1874, Cotton firm; fair demand: good ordinary, 13%c.; mid- Net receipts, 3, bales. Exports—To the j Coascwise, 2,222 Bales, 1,70. Stock, New Orveans, Feb. 12, 1874. Cotton steady; good demand: middling, Iéc.; low mid- Alig, L4%c.: cood ordinary, 133%¢. : ordinary, 10%. Net ing, Ie. Ne Continent, 1,510 13,135. ts, 3, gross, 4,951. Exports—To the Con- Fecae!* dou; constwise, 790.” bales, 4,W0; last evening, | 9,0, * Stock, Montte, Feb. 12, 1874, Cotton quiet; unchanged; middling, I5jgc, Net re- ceipis, 508 bales. Exports coastwise, 589, sales, 1,000. tock, 66,841, 1m, Feb. 12, 1974, Cotton firm; midcling, Sava! 15kc. _ Net receipts, 1,529 bales, Expats coastwise, 517. aeies, 1,745. Btock, 89,465. Cuapizston, Feb. 12, 1874, Coton steady es Oe a 1ENGs ide sudaling, .; good ordinary, ldige. Net rece 383 bal C9! Groat Lritain, 929, Salen 120k stock, Oswaco, Feb. 12, 1874 Fi 1; sales of 1,400 bbls, at $3 for No.1 spring, $9 for amber winter, $9 50 for white winter a: S010 doutle extra, Wheat quiet; sales of two No. {°hilwamkeo” Club at $1 69; cholce white Canada at $1.48 Corn steady; sales o1 3,400 bushels atic. Onts et; State held at Oc, Barley quiet: Canada held at 210, Corn meal—$1 68 for bolted and $1 Dolted, perewt Millteed unchan: shipstutls, $-3 a $24; middi Ralircad {reighte—Flour, to ic. ; 10 New York, 50c.; to WW stead’ per ton. Boston, Burrato, Feb. 12, 1874. Flour, 11,900 bbls; wheat,’ 30,589 bushe corn, 43,332 d vats, parley, 19,551 do. ; 2.05040" Exports—Wheat, 21,600 pushels; corn, 2.440 di oats, 31,800 do. Flour guict; Western ground sprin; $7 a $7 50; bakers’, 8 $8 25 C White, $8 60.8 $9 (0, Wheat nominal Milwaakee No. 1 spring, $1 $3 $1 04; Chicago No.2 spring, $1 48. Corn ‘nominal: no’ sale old held at 75c. a VB4e.j, new, on, the tack, 7lo, Jac. Outs firm; No. 2% Western held at S5c. " Barley Revetp’ dy; sales of four-rowed State, at, two-rowed Ganadg, at $1 8. Quoted :—Canada, $180 a $2; 1 85. ri @, Barley malt steady and scarce 2. Rye nominal er articles unchange ToLEDo. Feb. 12, 1374. Flour quietand anchanged. Wheat dull and lower at 25; Western, $1 90 2 0 $2 rested hogs, 724c, a 8c. O1 # 43 40r No. 3 white Wabash; Michigan. $1 50. Corn jull aad lower at 63! for high mixed , Michigan, 64), ‘April, 66c.; May, 67: new, £9c.; new low mixed, 58 no grade, 60o. Uats and ‘declining at 493c. tor No. 1; fio, for No. 2, 3. Clover, seed so! at a Dressed hogs dull at $675. Receipts—1i,000 bushels wheat, 26000 do. corn and 2000 do. oats. ‘Shipmente— 8,0 bushels wheat, 8,00) do, corn and 3,000 do oats, Curoado, Feb. 12, 1874. Flour dail and Sroapings shippers out of the market, Wheat dull and lower at $1 21% tor No.1 spring, $1 19: for No 2do., cash; $1 204 March, $1 22% April, No. . n 4) A Fr PINANOIAL. T REASONABLE KATES-MOMMY ON LIVE AND Endowment Insurance Poilc 7 Securities. Insurance of ali k a alee of th teen panics. J. J. HABRION & CO., 117 Broadway, ANKERS—A LOAN OF $2.60 WANTED, ¥ ‘af vld establisho! dnaneia, ores; soot os. | court yn. Address box 0,191 New Yorn Post office. ROKEN NATIONAL BANK NOTES BOUGHT Two per cent promiam, | wet inted tists furnisned, HAVEN & TOWNSEND, successors en rother, 40 South Third street, Phiiadeiphia. (iT oF Bosror six of r ete rrency fou ‘due in 1894, secared b: makes ant, sale at 93 and intere: eral BLAKE, Baus wks & ©O. ‘52 Wall street New Yo 28 State street, Los: 8 PER F' | M° Grea’ Western Kailrgad the interest of said Atiantic and duvited to send LAN» B. ROS. GUO) on application ALWAYS WAVE MONBY 1% A Mortgages, without bouns Prt 'o borrow or iuvest on mor be suited, He GRAN ‘ON 5. PIFRO: purchase first aad second morizages and to loan on improved and unimproved real Brooklyn and Wes chester county. | Mo#reaans WANTED. ms to ‘Coun se! au applicants should brit tract ul wehsienn th i bring anstract o NEY TO LOAN ON BON GAGE Westchester county property. First and se Mortgages bought. had bnlancteg adie NLEVELAND, COLUMBUS, CINCINNATI AND IN- J alianspolls Railway Company.—: #bove road wh itockholders of the ye to the Atlonticand an toadirecuon in f 7 rs wee ro road, are their proxies toths unis 10 & OO. 19 Nassau street, New bork or J. & 35 Pine street, New York. Blanks sent Ho are opposed to its ‘Compa, UNDS TO LOAN ON FIRST CLASS erty; also ntgto buy Mort- Property, Avply to TOKMAN at Law, [50 Na saa street. MH NANCIAL NEGOTIATIONS EFFECTED UPON ‘approved Coilaterals, JOHN B, MURRAY, 98 Broadway, LOAN ON GOUD ipuls desiring either or other securities, cam HL, GRANT, 63 Exchan ze place. (06 BROADWAY, H\S MONEY TO esate in New York, A to bio JOURN McOLAVE, No. 1 Pine street, ONEY TO LOAN—UPON CITY PROPERTY, IN seconds. ‘10 avoid deli suit: also to buy WARKE) ttle. eet, 1 Mo! iD AND LM. DAVENPORT, 181 Broadway. ears a pon 0X 3,504 Ne Ket fs fay. also other choice Stocks and Bonds, p: cent, at the lowest market rates, tor’ sal _X. B.—Investment Securites our sp WNERS OF FIRST OLASS IMP erty desiriny t sim, DO, j 4 York Post oftice. Eb. WABASH AND WESTERN ORTGAGES WANTED—LARGE LOANS A SPEOTAL- Vermiive, 17 Broxd’ EW YORK 7 PER CENT BONDS, ferences—Hon. John J, Cisco, Jacob D. Disc 4. Apply to SAMUEL 8, WOOD, Jr., No. Jersey City 7 per cent Bond: Bae Tee en OR cad ands, ying 7to 25 per i LAY & CO. No. 43 Pine street, New York. LBE KTH, N4C ROV to obtain money on same jor a term of dal expenses address ANVEDIMENT, fe Seven Per Cent GOLD BONDS for sale at 35 and interest. WINSLOW, LANIER & 00., 77 Pine street. for three, five or ipals address HOGA} and SION DIM SAVINGS BANK, 10 CAPITALISTS,—WANTED, A LOAN OF. $50,000 on bond and mor 108, Property worth $1: , at seven per cent. avenue, tage, on n 498 Canal strect, corner of Laight street, Six per cent interest paid. over ten million dollars. Assets, Surplus, seven hundred and flity thousand dollars, E W HaVE and Mortgage or Brooklyn; no bowls, ‘Wastep TO PURCHASE AT A DISCOUNT— A few first class Mortgag Address CAPITALIST, box 2,478 Post office, New York city, giving full particutars, ILIENTS WHO WILL LOAN ON BOND good Second; New York or A. M. JOHNSON & BRO., No. 5 Dey street, near Broadway, $12 7.00! in New York cit r Brooklyn Mew Nor coy OR ee HAZARD, Jr., 110 Broadway. TO LOAN AT SEVEN PER CENT IN- terest; no bonus; on improved property AUY WANTED—ON FIRST MORTGAGE, IM- mediately, on a five story House in ave- Rue Seventeenth ward ; Iot nlone worth $16,000. 2 TLIEB, 401 Sixth street. $100.000 centage and attorney’s fees. Principal: giving tull particulars, Address box 191 Herald office. TO LUAN—IN SUMS TO SUIT, ON New York clty Property: small per- is only need apply, only $15.000 mortgage. box 174 Herald office, WANTED—FOR TWO YEARS, ON first class Leasehold Property; first and Address, stating terms, éc., D. C. H., $15, 00) nue; also $5,000. Apply, TO LOAN ON FIRST MORTGAGE, on. city tar ye west of Second ave- at once. EO GOLDMARK, 83 Park row. $83, 00) Property, without bonus. tion and business address of DIAN, box 1,916 Post oifice. ESTATE FUNDS TO LOAN—ON mortgage, for a term of years, on City Replies must give full descrip- dsman. Address GU A! $95 00 Bsa ant meyers Ba LOANS OR INVESTMENT, FIRST, Second and Leaseho! Mortgages onim: 0,000, Harlem or S, 56 Wall street. irst ani ¥ 225,000 dd Second Mortgages. HALON & SLOAN, SI Bast Seventeenth street. First Mortgages, or will buy gi BUSINESS OF)-OKTUNITIES, nted ; State, reciated. Address, with par- raid office. a te Store; to more urchase an Interest in a paying Drug needed. Address PuaRtacn TIsT, se) box 110 Herald Uptown Branch office. GOOD CHANCE FOR SMALL CAPITAL—THE Oyster and Barroom first floor 79 Wooster street for $100; rent $30 per month. Apply at 1,201 Broadway. A PARTNER WANTED—WITE $700, IN AN ESTAB. Hisned commission business; also a man with $5,000, fo take hold of @ grocery store in Pp ¥ YKES & CO., No. 5 Dey street. | oftice. PARTY WITH $5,000 WISHES TO PURCHASE AN establiseed Business, or would est in one. uy the halt inter- SYKES & CO., No. 5 Dey street. PARTY WITH CAPITAL AND BUSINESS WISHE: to join a member of the Stock Board or broker d: ing in miscellaneous securities. Address F, B. ., Hert A PARTNERSHIP WANTED—BY ina moderate paying business, that can pe devel: dped; would travel if desired : $5.00) will be furnished; More it necessary. Address PARTNER, Herald Uptown Branch office. A YOUNG MAN, GENTLEMAN, REDUCED IN CIRCUMSTANCES, is anxious to meet a respectable party to engage in TO LOAN—IN SUMS TO SUIT, ON + | N INVESTIGATION DESIRED.—THE BEST IN- | vestiment for large and small capital; an improve. iment on an article in every-day use; pa County or city rights tor sale. 737 Broadway, room 9. N_ ENERGETIC YOUNG MAN, HAVING $3,000 TO ‘$5,000, would invest in a good paying business where his services would be ticulars, A. B., box 140 He N_ EXCELLENT CHANCE FOR A DRUGGIST WITH ring, $110; rejected, $ ori ‘anced and In | fhe pusiness of extracting dye from logwood; the aaver- | fat an acy 80,2 tad camhs Adve Maret | Ghee theroueniyndereanie, ihe Dunnew, -AGdrow old I 6, 8884 j,ner te Oats steady ae 13s. for N MORGAN, Post office, York Me . March, rejected, 8940, Rye st . Ber tor No. 2. Barley duit’ and lower at $1 10 tor No. A. SARTE Wind $3.00 DESIROUS OF GOING INTO $1 3 a 3) 53 for No. do, Pork dull the retail grocery business will meet with a fine ut sit, castor Starch ($i 3) Apri, | opportanity by addressing GROUER, box 408 Post once - opportunity by addressing GROCER, box 3086 Post office. arch” $0 ApH Bulk ‘ments qviot and’ weak | [QREWERY ON THE RUDSON TO LET OR FOR March, 2 April, at Sic. for shoulders, 7%. for short rib middles, 7%c. for short clear middles, foose, spot: short rib middies, April 7%. Dressed ay 7 jail and lower at $6 ate 30. 9 eceipte—9,000 bbls. flour, 109,000 bushels wheat, 57,000 do: corn, 25,000 do. oats, 4, ‘do. 6 and 1500) do. bariey, Shipments &0 bis. four 000 pnshels wheat, 31,000 do. corn, 7,000 do. oats an 7,000 do. barley. EUROPEAN MARKETS, Lowpox Propuce Marezr.—Loxpox, Feb, 12—Fvening. Linseed oi1, £29 088 a £30 088 per tun. | Spirits turpen- tine, 34s, 6d. a 358. per cwt + eo pein SEM ARCEA Lie, HARKINS & BRAINK, BROKERS, Il BROAD street.—Stocks and Gold bought and sold for cash or on margin; Privileges negotiated on responsible firms, which can be used as cash margin, thus enabling any one with small capital to specuiate with little risk. Ex- planatory circulars mailed. A MAN, WELL QUALIFIED, WHO CAN BRING afew thousand dollars into (he business, may se cure a lucrative position as cashier in a stock comm: sion house in Wall street Address BANKER, Herald jee. A FIRST MORTGAGE OF $12,000 FOR SALE—AT 6 Per cent disconnt, to run 10° months, on first clas Store property baying interest on double that amount. ‘Address A. B. J., Herald office. ‘A LARGE AMOUNT "TnUsT FUNDS ON yinst mortgage city Property ; only legal expense: fond amounts preferred; “Suge, Pe" vacuae hot, $200 rge ain ferred; "$3000, for vacun ea Brooklyn. Tie W.SSHTPHPEN wa Godar strest- must dispose of SECOND MORTGAGE FOR $2,700, ON BROOK- lyn Property, for sale at large discount parties it LOONER, 10) Fourth avenue, hear Twelfth strect. —L, W. HAMILTON & 00,, BROKERS IN STOCK A. Trivlioges, 48 Broad street’—"Pots and ‘alls? me. gotiated on Members’ Stock Exchange. Cali or send for & copy of "A Guide to Successful Speculation.” PUTS AND CALLS; $10 TO $100 INVESTED IN + them often pays $i00 to $1,000; the only sate method of operating in Wall strect, on limited capital, fuily explained in 32 page Pamphiet, mailed free to any Address; Stocks bought und sold on inarzins VALENTINE TUMBRIDGE & CO., Bankers and Brokers, 39 Wall street, New York. —LAPSLEY & RBAZLEY, BROKERS, 74 BROAD. . BUY AND SELL PRIVILEGES; ALS DOUBLE “PRIVILEGRS ON “MEMBERS OF THE EXCHANGE” OR RESPONSIBLE PARTIES; STOCK OPERATIONS (MADE GAIMNST ‘APPROVED CON- RACTS; QUOTATIONS YURNISHED, | EXPLANA: TORY CIRCULARS, Wi 1K FEREN MAILED ADDRESS LAPSLEY, & BAZLEY, 74 BROADWAY. B abundance best water. Fitty-second street. sale—With all the appurtenances; in com) plete order; Apply to J. ROONEY, 518 West A mortg: to 2 on PARTY IN A LARGE, ESTABLISHED has @ splendid situation open for a reitable man that can loan from two to four thousand dollars on first e sec! No. 15 Business, connected with tl New York over 30 ; no risk. Inquire at UNION 120 Chambers street. jangle arity. inquire for Mr, , MORSE, from 10 ey street, room 7. T A GREAT SACRIFICE, A MANUPAC- ears mK 1) old cality. Beraid F° SALE, —STOCK, FIXTURES AND LEASE OF AN established Gent's Furnishing Store in f°98 Ie parr reasons given. Address N. F. 8., office, R SALE—A FEW STATE RIGHTS OF AN immensely salable Patent article; for a meritorious Wastnees Inv the ited to exal inet Sori E & CO., 276 Pearl street Spotsw WwW A A. B., ployer. $500 good chance, ARTNER WANTED—WITH A CA RUB: fawn c PARTNER WANTED—wITH $2,500 TO $3,000, LEGIT. the right man? ofice Vusiness” OAUl ok MOMRELR, $6 John street, third floor. PITAL OF FROM ing very lucrative business, Address office. WwW ANTED—A PARTNER ‘Liquor Business ; 8g a3, With the best o' ‘None bat those meanin, of reterences, need address, for Uptown Brancn office. D—A PARTNER, WITH $6, ital, in agood, profitable manufacturin; Ress, established three years since, Address Herald office. ‘WAXTED-A PERSON WHO UNDERSTANDS GRIND. ing and mixit an interest or on @ salary. ‘ood, N. J NTED—-$10,000, FOR WHICH A SPECIAL OR AN commen eames cae class opportunity. A ‘eraid omen ARTNER WANTED—IN AN OYSTER AND CHOP house; location unsurpassed; keeping open day and night (on account of bail suppers) essitates the ser- ‘vices of an em W*e nec ic partner. 287 Bowery. 000. TO. $10,000 i aints, with a small capital, to take Ans ‘Address 8. V" Al PLEBY, be offered in an established dress joe. TO JOIN ME IN THE but litte money, bat 4 Tha: thoroughly understand t! trade ai references irom present Dusiness, with the ree days, , D., Herald TC 9 $600 PARTNER WANTED-—IN FLOUR, feed, hay and produce business, fine location; eT Ye Con 8 Myrtle avenuo, Brooklyn. $1.00 i ately, WILL BUY A STOCK OF FANCY AND Dry Goods which cost $3,000; must be sold luguire at 106 Firs avenue, $1.000 cttntow lady’ 2 pottion® ae salceady sor loam capital oa good security. Writer: would CONFIDENTIAL, Herald Uptown Branclt 000 IN FOUR MONTHS. $5.00 wie eat rakes ie Party farniehiag he inoney may retain control of it Address STR@KET, Hor office. HORSE NOLES. Some changes in the state of the odds on tae Witners’ and Belmont stukes have taken piaee during the past few days. The offers against Mr. Lorilara’s imported brown colt Saxon, by Beads man, dum Girasol, have all béen taken up te $10,000 at ten to one for the Belmont, as have alse those against the same gentieman’s chestnut Ally Vaultress, by Vandal, dam by Cnilde Harold, for the Withers’ Stake at erght to one, The odds om Gvlonel MeDaniel’s brown colt, by Asteroid, dam Sue Washington, have been reduced to five to one on his w.nning the Belmont, Seven to one has been taken on Griustead, Beatrice, Countess, Steel Byes, the Sue Washington coit, Battie Axe and Astral, for the Withers’; eigns to one on Kiog Amadeus, Macaroon and Regardless in the same Stake; seven to one on Macaroon, Grinstead and Steel Eyes in the Belmont, and six to one against Rutheriord and Battie Axe in the same stake. The odds on the other entries have not been changed. A homeopathic veterinary surgeon states thas there are quite a Jarge number o! cases of vyphoid pneumonia prevailing among the horses in tats city. ‘The practice of homwopathy among horses is of recent date, and the treatment seems to be attended with marked success, particularly ameag horses afflicted with lung diseases. ‘The fashion lor the coming spring ‘or light roaé wagons will be the single seat box, with top, on half springs, They will take the place o1 the sin- gic seat open wagon, especially among the classes who do not affect the sporting air. Young gentle- men who aim at style will drive the T cart and the two-wheeler, The landau will still maintain its position ag the leading Jamily carriage, and the Brougham wil be iashionable for town driving. ‘The cabriolet ior single horse, and the grand Vic tora, on double suspension springs, lor & pair, will be more ee among st)usa people. rt 18.80 in Paris, and New York ollows in such mat- ters as come under tue control of the ladies, Tho plain coacn 18 again coming into use among cer- tain iamilies who alm togive to their equipages the solid air of wealth and position ratner tuas lispiay. ar. “Bellinger’s trotting norse Break of Day is Very fast, He is wintering and doing well at his owner's stables, seventh avenue. Dan Mave, the trainer aud driver of trotting horses, is repo:ted very ill at his residence ‘oa Forty-seventh atreet, It ts feared thas it will be some time before ne will be avie to attend to his professional duties, The oliowimg addition to rule 29 should have appeared in tlle amendments to the trotting rules which we published ast Sunday :—*No driver shail be ailowed to sponge out nis horse or oorses Oitener than once in five times scoring.’” Senator Woodin introduced a general bill in the Leyislature two weeks since repealing the actor the better preservation of horse records. Under this act the owner ol every stallion was compelied, ‘under @ penalty of $60, to register such stallion im the County Clerk’s omce. The seeming unimpor- tant character ol such a law caused it to receive but littie notice, and, as a result of the ignorance of Ita existence, there were hundreds of owners of such horses being prosecuted for a violation of thia law, of which they had never before heard. This bill is intended to reiieve them, and to prevent any jJurther annoyance in that direction. Mr. Edwin D. ilftany, President of the First National Bank of Hartiord, Coun,, has lost his old mare Kate, Mr. Tiffany owned the mare twenty- seven years. She died on Sunday last, aged thirty- eight years and nine mouths. The old mare, through le, was noted tor oer great endurance, and it was Claiwed that she could take a pugey and driver from Hartford to New Haven and in less time than any other horse could travel the same distance. Kate had done good service until within two years, and had eaten hay until within & month past. ‘ihe Hartiord 7imes says that “she will be kindly interred in her old pasture where the white clover grows, and in the summer time the beautiful white daisies will bow their heads im respect to the oldest and the best of the nobie race.” ‘fhe Canadian Farmer states that ‘the goverm- ment of Quebec has granted $5,000 annually in favor of a national stud about to be organized with @ capital of $60,000, divided into 600 snares, under the management of Mr. Bounements, a distin- guished French agriculturist, residing in Canada for the lust twelve months, in consideration for this annual government grant of $6,000 for fl Jears, or $25,000, tne company must keep on han tulrty imported stallious, to be disposed of for the season, in the mouth of May every year, to the hest bidder.’” ‘he entries for the Ladies’ Stakes for two-year olds, one mile, to be run at the second annual meeting of the Utica Park Association, June 24, nuiuber twelve; and the Oneida Stakes for three- year olds, mile heats, to be run at the same meet- ing, have eleven entries. The colts and fillies en- tered in the above stakes are all of fashionable blood, and will make tue racing attractive. THE AMENDED BANKRUPT LAW. New York, Feb. 12, 1874. To THE EpiTor OF THE HEERALD:— As usual, the HsgaLp is the first of all me® ropolltan journals to lay bejore the public the topics o1 the day, as shown in devoting two col- umns to the Bankrupt law as amended by the Sem- ate on the 10th inst., for which it deserves special credit, a8 @ law of this kind affects everybody, especially so the commerce of the United States. By virtue of my experience as @ merchant I believe I am correct in saying that the law ap amended is the most inequitable that could be enacted, as it places the creditor entirely at the mercy of the debtor. Having been interested ina gieat many bankruptcy cases in late years, I have discovered that in cases of involuntary or compu sory bankruptcy the debtor is almost in every in- stance largely mdebted to lis own family—as ols mother-in-law, uncle, father and cousiue—and I venture to say that im fifteen cases out of twenty such tndebteaness is false, and set up for the pur- pose of giving the deptor benedit of any pro rata share his assets realize. Section 59, as amended, reads that it shall re- quire one-fourth in number and one-third in value of the entire inJebtedness of a debtor to 1orce him into involuntary bankruptcy. Now, | am well aware, by experience, to what unscrupulous men will resort in order to defraud | their creditors, and 1s there any thing in this law to prevent any debtor from setting up 8 fic- titious and false indebtedness held by his own family or friends go to effectually prevent all le- gitimate creditors, combined to obtain above pro~ portion either in number or value, without which they are entirely unprotected as far as this law is | concerned. Further, section 43 now provides that @ majority in number and three-lourths in value of ail the creditors of any person may call ® ineeuing sor the purpose of a “composition,” and that their conclusions shall be binding upon ali non. pating creditors. To show very plainly how @ debtor can take advantage of his creditors, 1 will suppose & case Where a person owes legitimately $10,000, By increasing his ndebteaness fictitiously to $31,000 the real creditors could never obtaim the one-third im value to force him into bank- ruptcy, and should the fictitious creditors desire to do so tney have very nearly the three-fourths in value to make any compromise they choose, which the real creditor has to accept and release the debtor entirely. Of course the courts are, as ugual, vested with disoretionary powers; but we business men know that judges are not generally acquainted with the transactions and vicissitudes of mercantile life, and, though they might mean well, cannot afford us any relief nor insure equity in such cases. I, therefore, hope that you will draw the atten- tion of some members of Congress to the defects mentioned, besides others, to which I cannot refer to-day, so as to remedy them before it passes the House ane becomes @ law with the signature of e P: lent. euere Is no donbt, as it stands now, it ts both in- equitable and pg er Ge Teen have the effect of damag! Menod. i — " THE BROOKLYN TAX OFFIOE DEPALOA- TIONS, ‘The experts who are engaged in going over the Tax Office papers and records are bound to secrecy. ‘The fact that several old abstracts of assessment ‘were missing from the Tax Office was published in the HeraLp in August last, though the truth of the statement was denied at the time by the ex- Deputy Collector Gill, It ts believed that the ab- stracté in question, which were confirmed prior to 1466, Would show about $0,000 collected by former Street Commissioners and never paid into City Treasury. Mm 1860 the Common Council au thorized Mr, J then Street Commissioner, certain assessments, Win; pensation of three per wbstracts of them and _ coll money he could. Of those abstracts coy taining the unpaid assessments were mi eee OR ‘were made in 1365 These lat were stowed away. Which are missin, Ferry Company, trom which default to tl ave extent of hi béen found. Th and interest were therefore the money ni somebody in the Tax Oftice,