The New York Herald Newspaper, April 12, 1874, Page 8

FINANCL AND COMMERCIAL Causes of Depression in the Stock Market. Gold Steady, Money Easy, Rail- road Securities Firm. GREENBACKS 88 CENTS. WALL STREET, } Sarurpay, Aprii 11-6 P. M. To-day, more than any otuer of the week, devel. Oped the terriviy depres-ing influences by which the stock market is being affected. The fact seems to have suddenly come home to speculators, as well as legitimate investors, that, notwithstand- ing the prospect of inflation, there Is no present basis for higher prices, and no immediate indica- tions of the resumption of a healthy trade. Wall street deals chiefly In raliroad securities, and, measurably, such values as are given to them, de they real or fictitious, by monthly reports of earn- | ings, constitute the leverage power whereby prices are moved up or down, At the present lime, however, 1t is with a species of dismay that men, scanning the commercial horizon, discern only clouds. The producer finds an unsteady mar- ket on which to sell; tae consumer deals no longer in luxuries, contentiug himself with the bare necessities of lite; the wholesale merchant and manufacturer find their trade summarily re- stricted, and are anxious to sell even at a@ loss, | nd so on from the individual up to THE RAILROAD CORPORATION are experienced the evidences of a dry rot that are nowhere more visible than they are at this | moment in Wal! street, The beginning is with the producer, the resuit tells upon speculative securi- | ties and the influence is general depression, In brief, the stock market has been paralyzed and the high handed action of the House of Representa- tives adds to the other and more substantial dim. culties which the street has been compelled to en- counter. The conservative element of Wall street ia alarmed and its entire list suffers trom the sbock. At this stage it is pecullarly instructive to observe the difference between recent prices and the lowest reached to-day, It will be seen that A SPILE DRIVER fluences to which we have adverted. We quote prices two weeks and one day ago by way oi con- fast. Highest. Lowest. | 41, closing at the opening figure. | tral sola at 99% a 9534; the close was at 99, ci s ar 3 a 36 3634. @0ee not more surely perform its work than the in- | Fife was steady et 36% & 30% 6 & 20%, | 106% to 106, ending at the opening price. March 27, April il. Pacific Mail,. 4925 46% West Union + 82 76% New York Central and Hud- . « 102% OB ig 4l 34M 82 TA% Michigan Central. 88 83 Chicago and Rock Island... 108 100% Ex div. Chicago and Northwestern. 53 5236 | Chicago and Northwestern oreierred .... 4% 70 Odcago, Milwaukee ‘and St. Paul asere 41 Chicago, Milwaukee and St. Paul preierred.. cases 65 60 Toledo, Wabash and Western 43 44g Ohio and Mississippi + 32 2934 Union Pacitic..... see BT 36% HOW RAILROADS ARE SUFFERING, or, rather, how the country is suffering from the expansion which Congress is just now creating in another form, may de inferred from the fact that during the last five years $1,700,000,000 were in- vested in railroads at the rate of $340,000,000 a year, necessitating an undue inflation of credits and the panic 0! September. The result was a de- fault on the Ist of January, 1874, by 115 railroads, Rentes in Parts are quoted at59.65. In Amaterdam Central Pacific first bonds are quoted firmer at 80. Union Pacific firsts at 72% and steady. Unton Pacific stock weak at 31%. Northwest preferred at 61% and firmer, Erte weak and lower at 30%. ‘The following are the late London quotations ;— Consols for money, 92% a 92% ; consols for account, 92% a 92%; five-twenty bonds of 1865, old, 109 a ve-twenty bonds of 1867, 10834 a 108% ; ten- forty bonds, 1043 a l04\; new ves, 104%; New York Central shares, 8934 a 90, ; THE UNITED STATES TREASURY. The Treasury operations at the New York office during the week included the disbursement of $121,474 on account of interest, $108,000 in re- demption of five-twenty bonds and the receipt of $2,331,000 fer customs, The Treasury also sold $1,000,000 gold. The Assistant Treasurer to-day paid out $8,000 on account of interest and $2,000 in redemption of five-twenty bonds. The customs receipts to-day were $308,000. GOLD was steady all dayon the basisof 113% a 113%. Greenbacks are, therefore, worth 88 cents a 88 cents and 1 mill. OPERATIONS OF THE GOLD EXCHANGE BANK. Goid balances. ‘$825 Currency balances. Gross clearance: The rates paid for carrying were 34; and 1 per | cent, and for borrowing flat and 2 per cent. CLEARING HOUSE STATEMENT. the weakness of the European market, and fell off {rom 35% to 347. Northwest common soid at 53% a 52% a534%; preferred at 70% a 69% a 70 8. 30, Rock Island moved down from 101% to 100%, ending at 101, St. Paul vibrated between 41% a New York Cen- Union Hannibal and St. Joseph preferred at 37 a 36% a 3634; do., common, 31% a 32 @ 31% a 31)4 a 31X. Delaware, Lackawanna and Western receded from Atlantic and Pacific preferred sold at 15% a 15%; C., C and LC. at 32 a 31%. Panama steady at 110% 110. HIGHEST AND LOWEST PRICES. The following table shows the epening, highest | and lowest prices of the day:— Currency exchanges + $65,906,155 | 36: Gurrenes peranoes. . a oeest 3 ae old exchange: 3,596,927 |. 3 Gold balances...... 780,379 Ld WERBKLY CLEARING MOUSE STATEMENT. ; Currency exchanges for week. $427,751,088 | Sy Pat AR Is PY Currency balances for week. 100) C &NWe cgd Gold exchanges tor week. shs West Un fel. Gola balazices tor week. . 16; THE RANGE OF STOCKS, # Lake Shore was the leader of speculation, and 77, closely accompanied by Western Union, New York | es 1) Central and Pactfic Mall. The market sustained ee ae some very heavy pounding, which was chiefly felt 76% 700 do in the case of Lake Shore, the decline being from | ees ae 77% to 74%. Just before the close there was a | ios 900 do. slight rally of rom % to % per cent, but at the end | ale ays the market showed signs of tremulousness. West- | 600 do. ern Union opened at 77%, sold up to 78, and down | 4 fn famine 4 | to and closed at 76%. Pacific Mail sold at 46% a 20 dio. | 47% 0.46%. Harlem was steady at 127%. -Erie felt =o" fo. peut: 0. Opening. Highest. Lowest. New York Central ~ 99% 9914 98% | Harlem 27 1274 Erie... 3% Lake Snore. TAM ‘abash. 44g Northwestern 52% Northwestern 69% Rock Isiand 100% Pittsburg. . 8934 Milwaukee and St. Paul.. 41 Mil, and st. Paul pref 60 Ohio and Mississippi. 2935 | New Jersey Central +105 bg 105% | Del, Lack. and Western. .1063¢ 106 | Union Paciti vosa $03 363 C., C. and I. C. 31 Western Union. 76% 16 465 10 | SALES AT | whose coupons and dividends were payapie in | New York, to the amount of $27,000,000. We may further illustrate the situation by describing the condition of Minnesota in the month of February. The statement from which we quote says:— “The State of Minnesota is one immense railroad cemetery. Her new State reports show that her 1,700 miles operated last year did not earn enough to meet the imterest cn the funded debt and the running expenses by $3,540,000. The gross carn- ings were $5,585,000; the net eurnings, $1,111,000, or less than a quarter of the interest on the bonds. Seven roads, operating 224 miles, do not pay their running expenses. Every mile of the road is cov- ered by nearly $15,000 of stock and $41.000 of bonds. The unpaid and overdue coupous amount to $9,740,000, most of them of recent date.” Ifthe | lo cni ssw foregoing be true of so prosperous a grain growing State—a State which this year has A SURPLUS OF EIGHTEEN OR TWENTY MILLIONS of bushels of wheat, what must be the condition of other Western States and their ability to contrib- ute to the profits of the long and expensive lines running through them? The prospect is certainly 3 nota lovely one. Again, take into consideration the number of bankruptcies that bave occurred during the last three years, In 1870 they amounted to 3,851, the indebtedness being $84,000,000, In 1872 they were 4,069, with an imdebtedness of $128,000,000. In 1873 the number was increased to 6,183, with $22,500,000 of unpaid indebtedness, And this is the picture of prosperity held up to our view by sucti men as Morton, Logan, Kelley and “the Bald Mountaineer, Merrimon!” ALL EUROPE IS INVITED to hurry forward and enjoy the magnificent spec. | tacles of American growth and grandeur which they paint on their rhetorical cauvas; but mean- while they adroitly hide such dark shadows as these—that the nation owes $2,000,000,000; that the railroads owe $4,000,000,000; that the munict- pal debts amount to $1,000,000,000; that the other indeptedaess of the people amounts to probably $10,009,000,000, and, finaliy, that this tremendous edifice of debt rests only on a substructure of pub- lic credit which demagogues are doing their best to undermine and destroy by the issue of more un- fulfilled promises to pay and more inducements to the wildest speculation that the country has ever witnessed. THEBANK STATEMENT. According to the weekly statement of the con- dition of the banks they now hold $13,036,825 in | 1 West Un Tel. excess of 25 per cent of their total liabilities, @gainst $14,954,700 last week. been an expansion of $2,552,600, a total reserve of $1,619,54 bilities of $1,193, 500, Is not iavorabie. averages for the past week compared with the preceding week :— April 4. Ap « Bow decrease in On the whole the statement Loans Specie. Legal tenders Deposits. 126,804, 600 07.800 Dec. 4 ‘The tollowing shows the relation between the total reserve and the total iiabilitie April 4 April i. 24,045,600 $23,835,400 Dee PS $210, vi | | | In loans there has | and an increase in lia- 7}, ‘The following are the bank | 51) 0 Saturday, April 1l—10 A. eet Before Cail. (omsN Cé&H RRR. mn 4 100 shs We an 500 1000 400 Un vel ) 400 20 C.C 400 rac a0 RR 10 Mi seca 100 Toi & Wab RR Wo G0... do: ao Yuu Mil & SUP RR. Sul NO scos5 su do. $1009 US Os, AWD Ud baw 120 (Go.cc.2 ginal 11934 8.00 US 3s, 10-10, Fr... 11a WH) Go + ag sy do.. llty Board—10:30 A. ™ 10 shs Krie KR......83 24% 44 G0. 6055 = By 2 LOErie RRpref |!) "be 15 Clev & Pittsguar.. 90% WO... eeeeeee DE $1060 Tenn 6's, ns, Low Chi, i 1 & bac Tou Mal'é& StF S's, Ist 1733 10) 9 loud MUL &StP73-10.. 9” 100 A 9% Zw CNN c 89 «350 N J Cen Ki be 10554 rr by Cm ART RR.o 8d job cael 90 200 15000 NY Cen i buy) Cen Pac got 1000 @ P state Qo ao. but 10) Ua & 2 shs Bank of Uc 10 Gold Ex Bank 18 Ain Ex Bank, 20) Fac M so Co. 20 Oa) lw 1) 50 500 30 American a dow 210 50 100 ou 10 150 SUL & tM Su Mid seh a0 800 Dec. 1,409,300 | #0 ae a csnmme : rn Total reserve. $81,028,700 $79,409,200 Dec. $1,019,500 | NY! Circulation 804,600 26,797,800 Dec, 8.300 WW) Deposits. 91.400 238,691,700 Inc., 1,200,300 1x0 0 Tot. liabilities$264,206,000$265,489,500 Inc..$1,193,500 |} ds 1 — | 0 40P, Ft W'& © guar. a in * iy 200 do..... be I D.C reserve 14,954,700 13,030,825 Dec, 1,917,875 | 29 BH can &stTo Ride Sh a MOREE. MARI, | 500 Erie IW HaStJORR pide Money ranged from 3 to 5 per cent oncall. Dis. 0 1W At& Fac RR pt counts unchanged. Foreign exchange was quiet | 17» 3 Ono pf Mies and less firm, prime rates being quoted at 4.854 | 10” 400 do... 6) F for 60 day sterling and 4.86% for demand. ‘The | 29.0 WOM ORK DEES selling prices were respectively 4.85 a 4.88. Conti- 12:30 P. M.—Before Call. hentai exchange is also duli—reichmarks at 95% | 1000shs WesiUn Tel... 71% A95% and 96% A96%; Cabies, 96 296%; prime Paris, 5.19% @ 5.19%. IMPORTS FOR THE WEEK. The imports for the week were:—Dry goods, $5,060,909; merchandise, $8,217,109, Totab $11,278,078, THE FOREIGN MARKET. London despatches at three P, M. report Erie | Weak and still tending downward at 3144 a 31%, 200 shs LS & MSR... 7636 130 a0. 16 00. 6) } a9 | uw Go 100 Chi & NW toy the best price of the morning being 32% @ 325%. | 1 Consols active and strong and American securities o trifle firmer. The rate for money at the Stock Ex- change on government securities was 2}4 per cent. Thirty thousand pounds bullion was withdrawo from the Bank of England to-day on balsnces. THE NEW YORK STOCK EXOHANGE. | Rake os | world, through the | and their correspou | money on Calitornia, Europe and Havana. xz En 2 SSeegses: ae are Be sree pi # vhio BS i do EM 15% Wwe, ¢ 8 Ci 3 76 do. ffecond Board—1 P. M. 119% 100 shs Clev & P, HA 1500 0 & NW Re sou do. 300 do. 10 WO do": 53 200 Chia NWRKpi.be 70% 500 10... bs 708 100 Chi & RI RR u 20 do. y 200 Panama BR..,..33 1 iu Chi 2.8 BR... 100 do. 10) Ban & st 10) Ohio « 19 West Un Te Chi & NW pret. 70 a 7035 Del. L&W 6:4 a 10635 N Jer Cen... 10536 a 106 Panama.ex div.ilvsg a ME" Chi & R1..,..10L) a 13g Pacitic Mail... 46%, a 47) Mil a St Paul?! 4134 a 415, New York Uen. 34g a 985 M & St b 4 Erie. 374 a 39° oledo 3 EUROPEAN MARKETS, Loxpox PRopuck MARKET.—LONDON, ing.—spirits turpentine, dis. 9d. per cwt. ERPOOL PRODUCE MARKET.—LivERPOOL, Apri ng.—Spirits turpentine, 32s. a 32s. 6d. per cwt. a ee FINANCIAL, UGUST BELMONT & CO. Banker: 19 and 21 Nassau street, issue travellers’ credits, available in ali lessrs. De Rothschild en pril NE ‘Also commercial credits aud telegraphic transfers of T_ REASONABLE RAT. MC UN LIFE AND Eni ment Insuran ‘vlicies, Mortgages and other insurance of al! Kinds effected with best com- 3. J. HABRICH & ( 7 LAPSLEY & BAZLE’ vA TY AND. 3i ES DOUBLI EXCHANGE” OR OPERATIONS “MAD TRACTS QUOLATIO. ‘T CIRCULARS, V TO ANY ADDRESs, EXPLANA- APPROVED CON. Ts N. » MAILED H REFER! LAPSLEY & 74 B: T Ll BROADWAY, ROOM B.—SUMS OF $10,000 AND under to !oan on improved city property. Second Mortgages bought. DINGEE. PORTER & CO, TLEMAN ABOUT GOING ABROAD WOULD e to get some business to attend to; is familiar ages of the Continent. Address 1 with the languages and u M. MAGNE, Herald oilice. A —35) TO $10) CAN BE INVESTED MORE SAPELY JA. in stocks than in any bosiness at the present time; Sysiem fully explained by calling or sending for our pamphlet: iree. TUMBRIDGE & CO., Bankers, 39 Wal! street, New Yorn. STOCK PRIVILEGES—$5) FOR 5) SHARES, $100 A. r stock at lowest market fates. The only safe method ing in stocks on limited capital fully explained im pamphlet: delivered free on application TMBRIDGE & CO. Bakers and Brokers, 39 Wail street, New Yo =L. W. HAMILTON & CO., STOCK AND PRIVI- lege Brokers. 48 Broad street, New York.—“Puts, Straddies and Spreads,” drawn by members of thé Stock Exchange, tor sale at market rates. Stocks bought and soid ou co} “The Wall street Kepcrter” explains how to operate; mated free to any address, Geseription negot 64 and 60 Broadw. chandise in genera! Commercial Paper negotiated. Es CAGNEY, 531 Hudson street, Fr Mortgages cashed. JA Grr AND COUNTY TREASURY, San Francisco, March 24, 1874. Sealea Proposals will be received at the office of the City and County Treasurer, San Francisco, until | us on savoranie vA in this city and cou with liberal loans. | Zgaras no ponns: algo Building Wednesday, Apri! 29, 1874, at 12 o'clock, noon, for the purchase of (25) one hundred and twenty-five Bonds, the same being a portion of 250 bonds authorized to be Issued by an act of the Legisiature of the State of California, entitied “An act concerning certain reserva: tions of the city and county of Sau Francisco,” ap- proved March II, 1874, and upon the written requisition of £. L. Sullivan, 8. F. Butverworth and Wiilian Park Commissioners, dated March 16, 1874, pha ii Said bonds will be of the denomination of $1,000 each, payabie tn thirty years from the Ist of April Interest at the rate of six per cent p goth day of April, 1474; interest pavabie semi-annually on the ‘Ist of October and ist of Aprileach year, Prin- ctpal and interest payable in United states gold coin, and ,. mtrom the ty. “The faith ana, credit of the elty and county of San Francisco is pledged tor the payment of principal and interest in United states gold coin. Bidders will state the rave per cent at which they will purchase said bonds, payable in United States gold coin. on Each bid must be amount bil tor. eitt ertified check or in goid No bid will be considered if at less than ninety per of the par value, Proposais to be provement Bonds panie! by ten per cent of the coin. cent endorsed, “Proposals for Park Im- " JAMES OFS, M vor, M. ASHBURY, audit C. HUBERT, Treasurer. YOMMERCIAL WARENO! CO—UASH CAPITAL 2,000,000—Ctice, 29 Willtam street, corner Bx: nge. place; warehouses, Dock Brooklyn, advances. made on first class securities on demand | a time. Cash advances Inade on all kinds of mor: nandise stored in our own Warehouses or consigned t terms, LJ, ARMOUR, President. fe: RRO JOSEP », Vi YOUN BAIRD, second Vie FELIVIANO LATASA, Third Vi y Paul J. Armour, Wm. D. Bowerman, © mater, Jose F Navarro, fe nlang Laiasa, Juan J, Sova, * Joun Baird, homas Murphy, Henry B. Hyde. WILLTAM TOBIN. superintendent of Warehouses. Jamns CLYNE, Secretary. pee FUNDS ON HAND ident. ‘OR FIRST MORTGAGES, $175,000 for Second Mortgages ; also weil locate Low M. PARPART, 906 and 908 Third avenue. Exxzoutonss euxps TO LOAN=IN SUMS TO SUIT, ‘on New York city first class Real Estate, for tive Loans. Principals address TOR, Dox 1,241 Post office. IRST MORTGAGE, $7,000 GOLD, FOR SALE—ON 105 acres and an elegant mansion worth $9000; the mortga an insurance wall aay itt Cali. com| re 3 iv is74, wath | room 10. The expenses of be retunded if the property thons gi Hrs & FOOTE, Gol grape PMB, co Po 12 Wall stree find samples of ore, assays tl wa he mines at 1M Broad’ the Territory wou: asses woe fully verity descrip- ay celal otight of comunission for cash. ke dealings in Gov. Wr Auterest allowed | Siriug TO BORRO' |- | ring the papers. I ALWAYS HAVE MONEY TO LOAN ON GOOD NEW York city Mortgages, without bonus. Principals de OR INVEST ap) H. L. GRANT, OHN 8. PIERCE, 106 BROADWAY, HAS TRUST J Funds te loan, without bonus, on New York eity im- proved Heal Estate; also money to purchase Mortgages: Banas sino draw interest from Aprii lL. abankconen daily srom 10 ay, o'clock. of office. Noes RIVER SAVINGS B. corner Eighth avenue and Money deposited on or betore the Wednesday and ‘aturtay « JOHN HOOP: Jauxs O, Bexvert, Secretary. OSITIVE MOTION LOOM COMPANY.—{0 SHARES Stock for sale at 23 Address MORGAN, Herald NK, A. ANK, West Thirty-fourth street, or April will ‘Six per cent interest paid, irom WW A.M. tos P, M.; also on Mon. from 6 to 8 OOPIER, President. Manutacturers and ER FRO! for nanufaciarersunder E HINGHAM & CO., [USDERSIGNED MAKE INVESTMENTS FOR CAPI- talists and secure additional capital for Merchants, Miners; also organize incorporated the geperal law. Sth Broadw WAsTED—T0 BORROW $00 FOR ONE YEAR, AT @reasonabie interest, on an Insurance Polley o! . O., Herald Uptown Branch office, 8 AND 10 PER CENT City and Coun % a road and other choice Stocks and Bonds. cent, at the lowest market rates, ALBEB! T H. Bonds, Bonds, City Ratiroad Stocks paying lv to 20 per sale bY NICOLAY & CO., No, 43 Pine street, New York. N, B.—Investment securities our specialty 22 years. | $1.50 and person: rincipal to be reas FIGO, Herald office. per cent interest and a ous of repaid in $1U0 monthly instalment WANTED-—ON GOOD ENDORSED NOTE | property worth $2.00 250 will be pai $3.00 bonus, AddressJ. D, $3,000, 8% 000, invest $7,500, $9,000 AND OTHER s to in the purchase oi second Morigages, by JOSEPH McGUIRE, 87 70 LOAN—ON BOND AND MORTGAGE, New York city improved Property; no 804 West Fifty-second street. vMS first and dar st. $9.000, and Mortgage SEANAS $7,000, $7,(00, $5.000 TO LOAN—ON BOND ‘oa improved City Property. | Auctioneer, 14 Pine street. $10.00 Apply to F. Ss. DRIS low Fitty. dress LOAN, box 162 H $100.000. %4 paid quarterly, vance ; securt amount of lean, eral and wishing to loan the same please address, with real , mortgage, on impr SLL: 25 Pine’ street, root 14. 8M. tow? WANTED—FOR FIVE YEARS, terest 7 per cent per halt yearly or vearly. prompthy beyond anestion giv ‘Only those hav’ AND $8,000 TO LOAN ON BOND AND ‘oved City Property. ON Al ALL SU ) TO LOAN-—IN 8, $75.00 improved New York city Property, be- | inth street; no dealings with brokers. ‘Ad- m1 Branch offic QD annum in gold, in ad- over 2)) times the the above amount name, for interview, box 112 Herald ofiice, $14.0.000 Freer? | $45,000 to loan on | & GOLDMARK, 2 Park Fo N FIRST OITY MORT ON ages Seconds and leasehold wanted; rooklyn Propert: SN Express Apply to KENG Buildin, $150.00! without bonus, also money hold Mortgages PAUL TRUST FUNDS TO LOAN—ON FIRST class city il Property, in suns to, suit for First,'Second and Lease- TODD, 55 Liverty street. $175.00 good first Mortgages bought. TO LOAN—TO PARTIES WISHING to build in New York or Brooklyn; Address box 4,612 office. Answer jor ten days. ‘ost TRUST $225.000 FUN. BOND AND 0: mortgage in New York city improved roperty, in sums to suit, Second Mortgages and lease- 0) Morty hed. ortgages cashe KNDER & LAURENOE, 30 Pine street. $500,000. Fike “std second wortcaxes in tals PHILIPSE! on. New York, April 8, 1574. + = B 5 2 : eight miles of clty and Brooklyn. Principals only apply Broadway, corner Twenty OHN TAGLIAI toCRANK & th at. YORK HERALD, SUNDAY, APRIL 12, 1874—QUINTUPLE FINANCIAL. | yor SALE_ONE.FI BREST IN ONE OF THE eee lite sliver Mines in Colorado. Parties | | | i BUSINESS OPPORTUNITIES. N OLD ESTABLISHED BOOK AND grate! ty South, would an prema | partner; must tn toast th of capital; oF would toa mWieheearees oe 4 FIRST CLASS UP TOWN MARKET FOR BAcE, OA i : seat, Hares Bowe CASOENY, aad sae mi! SL“ JERRS ARCO a ada ert tial BURNERS OPPORTUNITIES. —MEN WITH 81,000 TO $30,000 may invest {t, with services, in established businesses that have been investigated by ne. FRED W. SYKES, No. 5 Dey street Cs WANTED,—$12,500 WANTED, IN A FIRST /) elvas established business, for which twelve per cent Full beganrenteey and security given. Address box 591 ‘ost office. CHANCE (SELDOM, OFFERED—A WELL RSTAR- Mshed first class Fruit, Coniectionery, Soda Water, &c., Business: best location in Brooklyn ; paying $2,500 Pd evervthing complete: good \¢ase; rent nominal 1 particulars call at YOUNG & WEYMAN'S, 79 Barclay street, for three days. Oo, YOU WANT A RECENT PATENT FOR A FEW hundred dollars, well worth $19,000% It isa lar fortane; sold by State rights. Address FRAN Herald office. For SALE—A VALUABLE PATENT ON SMALL AR- ticle. or would take the right kind of a man as na ner; about $1,000 cash required. Address PATE box 188 Herald office. Fo, SALE—AT ONCE, A FINE LITTLE HOTFL, one block trom Broadway, near Grand Central Hotel. A young mau of experience in the cheap restaurant bust ness will be offered a good chance, with $3,000 capital. Address C, D., Herald office. pee SALE—WHOLE OR HALF INTEREST IN AN established Bond and Morigage business. Good op- ortunity for an energetic man to make money. Address PPORTUNITY, box 173 Herald office. Fe SALE—A PATENT ON A MONEY DRAWER, which can also be apples on safes and furniture. Apply to 8. HEY MANN, [4 Wooster street. OR SALE—ONE-HALF INTEREST IN A FIRST class Restaurant; located down town, and doing a fine business; price $3,000; one half can remain on mortgage. Address R. S.. box 166 Herald office. OR SALE—ONE OF THE MOST VALUABLE Patents of the day. Capitalists, with 000, can control it, Address CAPITAL, box 117 Herald office. POR, SALE OR RXCHANGE—A LIVERY STAPLE, situated on one of the leading avenues of Brooxlyn having $0 stall running four, coaches, and having 36 ny D, boarding horses; everything first class. Inquire at 97° Broadway, Brooklyn, E. D. FUFTE AVENUE HOTEL, FIFTH AVENUE HOTEL, No, 5 West Twenty-third street.-ROTH & TAYLOR, ROTH & TAYLOR, Patent Agents. Call and buy retr: ing partnership; @ beautiful, $500; no fraud. OTEL BUSINESS.—RARE CHANCE; THE OWNER of anew city hotel, unsurpassed location, would ompetent party, with some means, to iurnish it, ue, I WANT A TRUSTY MAN, WITH $300. IN A WELL established business, that will give us both a living. MORTON & C1 7 Broadwa; I WILL SELL MY OLD ESTABL! tate, Insurance and Coal Business to a prompt buyer at a great bargain, rentals and insurance more than favorably known in the city, Only those meaning dusi- oN need address M.,box 190 Herald Uptown Branch oftice. aida Apply ai 25 Third aveni ay the expense of office; the business 1s one of the most HAVE A MAN WITH $25,000, TWO WITH $10,000 and tive with $5,000 which they wisn to invest in | sound, established business. YRED, W. SYKES, No, 5 Dey street. MANUFacTUREES CAN INCORPORATE UNDER the general laws and continue busfness uninter- ruptedly; also increase their resources wt selling shares tf capital stock, ALEXANDER FROTER GHAM £00... 12 Broadway. pea WANTED—IN A CHEA — RESTAURANT and hotel on the European plan.! I wanta young man who understands the business atehas $2,000 cash, and ts willing to work. Those meaning business can ad- dress A. B., Herald office. PAgeas WANTED—IN ONE OF THE BEST PAY- ing hotels in the city: the bar and restaurant will be a tortune to a good workins man. Address BUSI- NESS, Herald Uptown Branch office. ARTNER WANTED—WITH CAPITAL, FOR THE manufacturing of an economic ploughing machine, in- vented by a French gentleman in Paris; great demand; large profits. Address A. S., Herald office. mutual con in hiquida- ton street. ARTNER WANTED—WITH $3,000 TO $5,000, IN A profitable manutacturing business. Address J. R., Herald oftice. pate WANTED—WITH $1.20, FOR A HOTEL and picnic grounds in Brooklyn, on the bay shore ; handsome house and healthy place. Address box 18 Herald office. NESS OPPORTUNITIES, A TRACT OF ew York city, railroad running LAND WITHIN | through it and unsurpassed for beauty of location, is de- sirous of forming @ stock company tor rapid develop- | to capitalists this affords an oppor rough in Nit, box 2) ment vestinent seldom equalled Address DEVEL( MOST REMARKABLE, years’ Lease, has six C e 3 ae 0} ni required trom $1.50) $9 Herald Uptown Bra YOUNG GENTI actively assoct house doing busine hess and full pa OPPOR: Good Will and ¥ | Known first class’ Billiard and Wine MMISSI 's for sale or will take a to neh of MAN OF MEANS DESIRE b Herald Uptown Branch office bi $2,000 or $3,000, hotel. Address E HED HOU 3 14 8 ¢ a take charge of jobbing an ess Wishes to make Hl Party having practical experience in same business to new work: oney ask nity for in- igation de- Herald TU Saloon 490 Eighth ler best bevel tables: also in. ling apartinents: the lease of ed for the entire, or No answers gesired trom |. BAER, 72 West Thirty. | good party. ARTNER WANTED—WITH $25,000; ESTABLISHED manufacturing busing long contrac's, with 25 per cent profit, guaranteed; half interest and security for the investment. GRIGGS, CARLETON & CO., 98 Broadway. ARTNER WANTED. sirous of forming of a gentieman, having tng some Knowledge of th enlarge the business and probably add_jobbin; i in other LIAM class of hats. &c. Address, in real name, &c., WLU ROBERTSON, silk Hat Manufacturer, l4 Exchange street, ufialo, N. ¥. ARE OPPORTUNITY TO PURCHASE PARTNER- Ship interest in fest class bar and restaurant: en | tire house; splendid location; small capital required of Apply at 54 West Thirty-first street. ON BUSINESS ddress A. B.C. ished staung busi LY, box 197 SELENDID OPPORTUNITY FOR A YOUNG MAN who understands the hotel and cheap restaurant ines, Will meet with a rare chance F., Herald to invest about one intinensing of agood paying | IN | partner; | Work preterred: liberal arrangements with right party. | | Address FURNACES, box 14 Herald Uptown Branch | otic WISHES TO INVEST ABOUT $1,000 timate business which will bear investi- CANDOR, box 169 Herald Uptown 3) Broadway. ON WILLI ed Manufac tu Y PERS establish 7 how paving over 15 per cent, and invest $25,0W to $50,W00, address BUSINESS, box 2,681 ARE OPPORTUNITY HATTE D FOR. Fier, having an elezantly fitted up store, in a fine location, would let part of it for gents’ furnisiling goods, custom tailoring, jewelry or any neat business well lighted Rootn, street. 681 New York Post office A few thousand dollars a Part thereot it applied tor large returns certain. j office. | RAI | or can obtain $% CHANCE FOR A ( 3.00 to $ purel ‘qiick.” at hard pan Address MINER, box 191 Herald E hase a Silver Mine or rice ; TLEMAN WHO HAS to invest by instal- | this market. Principals only call Monday wnd Tuosday. entrance ow street and avent Ap- ply to WEBBER, Lincoln Hall, Third avenue and Li6th RARE OPPORTUNITY.—A PARTY HAVING A { nents Ir a very profitable btisiness, with services it con- | venient. Address BOUT $40, store, Wa now renting: LIVIN! r nine per c i | AN EXPERIENCED BU: s Invest, with services, trom 2, @stublisned' business, manufacturing or com dress, giving particulars, ST. VERY FASHIO: sirable city Property. ADDITIONAL CAPITAL PROCURED leraid oftiée, 000 WORTH OF GOODE, SL ‘APL ABLE SUMM rooms, on the Hudson, for = 01 rn SUITABLE FOR uted inexchange tor first class Factory, ton val ue. st Fourteenth street. MAN WISHES TO to $3. yr NG: nange for de- CO.. urteenth street, for merchants, manufacturers and others, Real Estate exchanged for business. Mining Interests, &¢., nego: lated. approved opportunitfes. References :—K, Co, teas and cottes, 46 Warren atree fency,, 1 me Co. Commercial Aj ahadas, CARLETON & Agents, 8 Broadway. in successful operation and hi ean command some trade { have good credit, but want orders; profits large and can be turn above subseribe: with party now in the trade; full name ailowed on all capita Persons with capital seeking business advised of 11 Worth street, &c. nancial and Business HOTEL, WITH 70 _ | Herald office. ARE CHANCE,—THREE — 2%0-ROOMED ) lished boarding or private Houses. connecting or otherwise, furnished or unfurnishes jocation unsur- passeda forinne: very little capital required. Owner arding at 663 Seventh avenue. JELTZER SPRINU.—HAVING THE CONTROL OF A Seltzer Spring, cquat in every respect to the German seltzer, I wish to associate with ime a party acquaint with the mineral water business. with meuns to tn luce the si ESTAR. OPPORTUNITY. — GOOD must be sold on account of F, ZUsI, Astoria, L. 1. 15) to $375; ho humbug. A VALUABLE PATENT FOR new, which can be put to universal TOR, station A. sale; somethil use. Address INV: the “Home’’ Kincling Wood Factory, Nos. 158 to L. East 113th street, for sale, on easy terms, as the owner hag not ume to attend to it: everything in good running order. Apply on the premis HOROUGH GOING BUSINESS MAN WANTED—TO take half interest in an enterprise never offered mm JAQUES, 208 Broadwa, 10 FURNITURE MEN AND OTHERS.—I HAVE A | new patent convertible Crid and Cradi i two pieces Of furniture in one: the only patent im this country. I | will sell the whole or in States, very low. REED & O.. 335 Brot room 35. HE ADVERTISER IS with an energetic man of good standing to join him in opening a large tea and tamily grocery house; loca- tion fine tor commanding a first Class trade ; quired, say $0N. Adress BUSINESS, box office. 1O WATCHMAKERS AND JEWELLERS.—FOR SALE, an old established Store, with or without Stock; very low rent: repairing pays all expenses; a rare chance for @ mechanic; none put those prepared for business need answer. Addreas WATCHMAKER, box 142 Herald Uptown Branch oitice. V that PRIS, ANTLD—A PARTNER WITH $10,00) ‘an established, legitimate and paying business will bear rigid investigation. Address ENTER- , Herald office. the advertiser, a capitalist, in purchasing a Prop- erty now in the hands of executors (city) possessing un- aralelled land and water advantages. Address box ost office. TANTED—AN ACTIVE AND SKILFUL Ac. countant, to invest $10,000, and take position of treasurer 1n a long established manutacturing company, Address GRAN x 2,631 Host office, New York. WANSTED—A PARTNER, WITH $1,000 TO $3,000 CASH capital to join advertiser with like amount, in pro: duce commission -business. Address. BUTIER, box. 223 Herald office. ANTED—A MAN WITH $3,000 TO. $6,000, IN. A Profitable railroad land business, Me with office in New York. Address, tor one week, RAILROAD, y recommended, and n heating business; capital to execute Ks interest nd. best refer- ences given and required. Address LIVE STEAM, box 209 Herald office. chants, manufacturers and inducements fo in person only, on B., 9) W! A plete. | LIVINGSTON & CO. LEXANDER FROTHINGHAM E & 00. EC E | additional capital for incorporated companies, mer: miners, who offer dosirable r capital, ALEXANDER FROTHING- HAM & ©O., 12 and tit Broadway. THOROUGHLY ESTABLISHED for sale, or exchange for First cumbered real estate: net pron $6,000 per annum. Ca ite street, third NO.1 LIVERY STABLE. WIiH STOCK OOM: doing a flourishing business, located, tor sale or exchange for City Property. 92 Rast Fourteenth street. PARTNER WANTED—WITH FROM $10,000 TO $15,000, to engage in the manufacture of chemicals; Works in coinplete order and SAYRE & SASH BUSINESS jortgage on unen- oor. NTED—A PARTNER OR WOULD SELL, FOR particulars inquire at drug store No. 1,393 Broad- way. J ANTED—A PAKTN IN AN OLD ESTABLISHED business. To a young man possessing energ: and ambition, with a little capital, a rare opportunity is Ottered. Apply to A. W. WICHARDS & CO. 0 Ureen. point avenue, Greenvoint. = $50 PER MONTH AND BOARD ARK OFFERED to any parry who will make himself usetu! and Joan to employer $1,U#) on secarity of & second mortgage on a fine property of over 10 acres, worth at market Yalue $65,000; first mortgave $30,000, Address J. CAS- SEL box 199 Herald ofti $20 WILL OBTAIN HALF INTEREST IN THE pate “iiteek sate ory cial hove! Cig eying large 4 person Ie i Printer, 19 North Williuun strvete y SBEE IS A: Bare centrally profits large HALSTED, 162 Broaaway RARE mult.’ App) OPPORTUNITY.—AN Manufacturing Business, with valuable fale; will just suit a live man with capital; terms to ly at 922 Broadway, over s TABLISHED jatents, for re. 1d carablished practice: an old ¢ ed practice: Gulat No. 6 West Fi diate possession. al char not absolutely essential required. Address ( LADY IN BUSINESS, A meet with @ thorongh! A" ENBRGETIC of capi mating wherney lawrview PHYSICIAN, WITH $300 CASH, worth ‘hird street, near Broadway. GENTLEMAN, WHO HAS B: with one of the largest and most successtal manu- facturing houses in Naw York for the past ten | wants a partner, with Dot less than $50,000, to joln Rim if carrying on the same business: one competent to take of the books and office business preferre . HAVT and Workroom more than she nee in her in estavilshl Wellerald office. ee ‘AN PROOGURE A urniture and Good Will of | $1.500. over $5,000 per year. | Imi N CONNECTED ears, thou if) ; the best o! references given and H., box 188 Herald office. AN OPPORTUNITY TO JOIN ME IN & $1.000.-Siinen ceaatieh Z an active and honorable man: no brokers Addie oe Address, tor j an interview, PROFIT, box 133 Herald Uptown Branch office. A YOUNG MAN WANTS EMPLOYMENT where, after a short acquaintance, would ivest, or Would go tliat amount security for a position of trust; will except collector, messenger, &o. Address, tor one week, FRANK, Herald’ Uptown Branch oftice $2 500. —PARTNER WANTED—WITH THIS ell to address L. M., box if raid office. hbbcintacay ~TUB ABOVE AMOUNT WILD PUR- $3.000. chase a well established paying Business; good chance for young man with small capital; sickness ress Gause of selling vrineipals. ont PRINCIPAL, sierald Uptown syanch office, 5.000. A ERACTICAL BUSINESS MAN WII MA + invest this amount, with servic ne aie timate business. Parties answering must character of the business, or replies will not be noticed. Address AMEKICUS, Herald oottive. NG A SHOWROOM would like to competent dressmaker who business. Address L. Santee Pea coane ERE ROP ta may be tunity for would tage part lorald office, | sale, oxpenses ly in 99 Al regerence. | tdbrtr Stet Baltimore, a 03 pad. $10 OOO SP4clAL CAPITAL WANTED TO IN. . vest In a first class business, already established in this city, for which 12% per cent will be paid. Address H. 8. O., ‘Herald office. $10.000 =BALTIMORE GOMMISSION HOUSE se. woul SeRnine capita te, oe wctive; BusneRs ‘Addgeas NT, W., 61 business, beautiful bargain; only | ICNIC, | DESIROUS OF MEETING | capiial re. i2f Herald i TO $15,000, IN | ANTED-—PARTIES WITH CAPITAL, TO JOIN | {From the New York Sun, of yest ah Ie there Jo any omoer.in the muntolpaL bévern. oUt OF WhO onght to de el by the ople, it is the Comptroller, He has the pubite money and the public credit in nig hands, His op- Portunities of larceny and corruption exceed tho#e of all other city oMcials put together, This makes {t of extreme tmportance that he should be chosen by the people and at comparatively short intervals, #o that his administration may be frequently passed upon at the ballot box, Such, however, is not the opinion of Mayor Havemeyer. He wants to have the Comptroller appointed by the Mayor. He does not thiuk the pevple competent to elect their chief fin Sete Am feels that he could do it ‘moon baer No proposition can be clearer than that in such @ government 98 that of New York the Comp- trolier ought not to be the creature of the Mayor. Our experience here should make us fully unde- stand the danger of collusion between the two officers and the necessity of making them inde- endent of each other. Although the tact at we now have such @ man| as Mr. Havemeyer for Mayor may afford ab argu- ment against the capacity of the people to choose their rulers wisely, yet this fact must be taken as the result of an unfortunate complica- tion or affairs and of parties, the recurrence of which ts not much to be dreaded. Ifthe Mayor’s argument is worth anything it | proves that no mpuicipal omicer ought to be elected by the peogie, bay that all should be ap- pointed by some higher power. This, however, even he will not pretend, and we propose as @ compromise that the Comptroller, being much the more important functionary of the two, should be elected by the people, aud that he should have the nomination of the eyor and of every other subor- dinate official as well. COMMISSIONERS OF OHARITIES AND COR REOTION, Smallpox on Blackwell’s Island. The Board met yesterday morning at nine o’clock at their office. A communication was re- ceived from Warden Liscomb, of the Penitentiary, Blackwell's Island, mforming the Board that the smallpox broke out in the Penitentiary Hospital and asking for definite instructions in regard to the removal of William M. Tweed to said hospital as his sleeping quarters. On motion of Commissioner Stern the Board proceeded in @ body to siackwell’s Island to ine vestigate the matter. The Board proceeded to the office of Dr. McDon- ald, in the Charity Hospital, where the Chief of | Stat and two assistant physicians informed the | Board that a case of smallpox developed ttse!f on Wednesday last in the Penitentiary Hospital. Tne atient was removed to the Smallpox Hospital on Thursday. Since that time two other cases with symptoms of the same disease have occurred. The patients were removed to special apartments the Smalipox Hospital set apart for further develop- ment. On ascertaining these facts, Commissioner Stern offered the following resolution, which was unanimously adopted :— Resolved, That no inmate of the Penitentiary, ff takea sick trom this hour, should be placed in the Penitentiary hospital ior treatment, but should be remaved to ® special pavilion under ‘charge of Droper keepers until the Chief of Staff shall report in writing to this Board that all possible danger to patients domiciled in the Penitentiary Hospital nas passed. The order to remove William M. Tweed from his room was superseaed and Warden Lis-‘omb ordered not to make any change in regard to Mr. Tweed’s room until the further orders of this Board. THE EAST RIVER BRIDGE. —_-—-. Mayor Havemeyer yesterday despatched to Albany the following communication :— To 1x Honorantx tHe Comurrrer or Commence OF THE State SENATE :— Grarixaex—The achemers in Brooklyn having lost confidence in their ability to pass the Brooklyn Bridge biil, now betore your committee, have, | understan concocted another looking to the reimbursement of the present stockhoiders for the money they have advance and imposing a very large debtupon both New York an Brooklyn to complete the work. lready spent upon this some — $5,000,000, and we have two unfinished piers to represent that’ sum. whole cost of the work was estimated by Mr. Roebling and other competent engincers, at $7,500,000, which was regarded asa liberal estimate at the time. | They new require More, and, trom past ex- perience, I am satisfied that when that is expended im | jobs they’ will require a large additional amount to come lete it, and, when done, it will be comparatively worth- jess, The elevation is to be 129 feet avove high water mark, 1,000 feet span and 85 feet wide, or suificient for railroad tracks, carriage Way aud pedestrians. Such @ structure at sucha height and ot such weignt, subject | to the gales with which we are trequently | doubtiess be subjected to constant danger. ‘Now, it is tor the interest of New York to provide ait | the means in her power to tacilitate the increase of its Population and do nothing to diminish it, and, so tar asf | am concerned, as Mavor of this city, while willing to | lose everything invested in this bridge, I am unwilling to appropriate another cent, iz any form, to complete it. In this sentiment 1 have no doubt a large proportion of our citizens concur. 1 der it en’ ee imprac- ticable to build it, and, if practicable, entre 4 means of increasing the business or populaiion of our city. This project was conceived in sin, born in iniquity, and, like an similar creations, must end in disaster to ali concerned in it, and | hope your honorable commit tee will do all in its power to protect the people of this city irom any further “raids” on them in. its behalé Very respectially, W. ¥. HAVEMEYER N ‘ong, April 11, 1874. S 3 or & PAYMENT OF CITY LABORERS. ‘Comptroller Green paid on Friday and Saturday | the following rolis of workme! Total.. DEPARTMENT OP PUBLIO WORKS. Commissioner Van Nort makes the following statement of public moneys received by the Dee partment of Public Works during the week ending yesterday :— | For Croton water rent and | For tapping Croton pipe For vault permits. | For sewer perm: 2 For sewer pipe sold to contractors. penalties. | Total. fi | CITY AND COUNTY TREASURY. Comptroller Green reports the following dis? bursements and receipts of the treasury yester- day :— DISRURSRMENTS. Ciaims paid (No. of warrants 122), amounting to...$i Payrolis (No. of warrants 63), amounting to......... Total number of warrants, 190, amounting to.. RECEIPTS, From taxes of 1873 and inwrest... From arrears of taxes, assessments and inte From collection of assessments and interest From market rents. , From water rents, From licenses, Ma’ From sewer permits....... From saies vitritied stone pipe. From fees and fines—District Couris: From Fire Departusent manure. Total THE TENTH AVENUE STABBING AFFAIR. Death of Cavanagh in the Hospital—In- vestigation Before Coroner Woltman. Notice was received by Coroner Woltman yester- day morning that Michael Cavanagh, late of No. 631 West Forty-third street, who, lt is alleged, was stabbed in the abdomen with o knife in the hands of Jonn Geary during a quarrel between them late on Weanesday night while in or near the oyster saloon of William Fayes, at No, 270 Tenth avenue, a8 previously reported in the HERALD, had died in | Bellevue Hospital, near twelve o’clock the night previous irom the effects of bis wound. Geary, who lives at No. 548 Tenth avenue, was arrested by Captain MeDonneli, of the ‘Twentieth pre- cinct, and the oficers of his command, and seut to prison. Upon being arrested Geary totd Captain McDonnell that he had been in trouble tn Tenth avenue with aman who assaulted and at- tempted to rob him, and knocked him down. Geary, however, denied stabbing any one that night, but it Is certain ne was with Cavanagh only a few minutes previous to the latter's beng stabbed, It is stated that the prisoner on being conironted with Cavanagh was recognized as ihe Man who cut him. A large knife was jound in Geary’s room whioh, it ts alleged, is the one used by him on the person of his victim. ‘Captain McDonnell has secured several witnesses who will be forthcoming whenever their presence may be required by the Coroner. Cavanagh was twenty-five years of age und @ oative oi New- toundiand ot { ITDOOR SPORTS, ‘The Staten Island Orjcket and Base Bali Olnd held their annual meeting at Tompkinsvilie, Staten Island, Tuesday eventing, the 7th inst, when the following officers were elected for 1574:—W., Butler Duncan, President; W. H. Clark, Vice Presidents Nathaniel Marsh, Secretary; Walter M. Betts, Treasurer, The Board of Directors elected to serve this year were M. M. Rogers, A, E. Outerbriuge, George 8. Scofield, Jr.; Join B. Duer and W. Be McKean, ‘The club have engaged this year Mr. A. Carpenter, irom Boston, as their ‘professional cricketer, and the eleven will be selected from the peikadie oh id i—Jones, Duer, Outerbridge, Luske, Robinson, Davis, Filmer, J, Lee, Adal Harvey, Marsh, Sprague and others, The base bi nine will present Beavan, Sprague, Clyne, Jack son, Lemist, Hitchcock, Ketts, Armstrong, Mors | Rogers, &c. The club numbers about 150 members, Li will pl y on their grounds, fronting oo New York Bax. ai Can Washington, Staten