The New York Herald Newspaper, April 30, 1874, Page 11

_ basis the element of specie redemption, PINANCLL AND COMMERCIAL. The Clamor for More Currency— Its Causes and Results. AN ACTIVE LONDON MARKET. Gold Being Weighed in the Balance--- An Uncertain Condition. MONEY ABUNDANT. The Stock Market Weaker—De- cline and Doubt. WALL STREET, } Wepnespay, April 20—6 P, M. People who are so clamorous for more currency seem either to torget or ignore one !act—to wit, that there is already an abundance of money seek- ing sale investment and much that 1s lying idle because it cannot be thus safely made profitable. Our bank reports tell the whole story in a nutshell. Our factories running on half time or not running at all; our railroads carrying freignt but one way 4nd that at reduced rates; our tradesmen idle, Our consumers economical, our markets overflow- ing with capital—the supply always exceeding the demand. What can these salient tacts mean but that business, being overdone, has come to a standstill, andthat natural laws are now enforcing their supremacy over the speculative, the artificial and extravagant operations of the past few years? ‘The excess of production beyond actual demand has been arrested. Consumption beyond the limits of a wise economy has also been stopped, ‘While THB CRISIS COMPELLED CONTRACTION OF BUSINESS, it went still further in its healthful influences by wiping ovt much that was rotten, clearing the nancial atmosphere and establishing a new basis whereon the work of the future should be con- ducted. The borrower of money is naturally an inflationist. The Western Senator or member of Congress who has operated largely in real estate and found himself disappointed in his profits de- mands more currency as a possible means o1 re- lief. The poutherner, although he has nothing to give in return, for his lands are overtuxed and bis cotton pledge to factors months in advance, in- duiges in the hope that somehow the issue of more Money will replenish the exhausted pockets of his impoverished constituents. The Wull street spec- ulator pleads for expansion because 1t will swell his STOCK BALLOONS, and go through all grades and conditions of tnfa- tionists we find running an idea eminently selfish, G@nphilosophic and antagonistic tothe existing monetary superfuity. We repeat, our business centres are fuli of currency, our loanable funds @re in excess of the demand, apd beyond the Testoration of confidence—that Kob-i-noor of the Whole situation—nothing is requirea to secure Peace save a prudent increase of bankipg facilities and the honest fuldlment of the pledges of the gov- ernment. Let Congress place the currency of the country on a par with goid, and commerce will take care of itsel, Free banking judiciously ad- Ministered may, in the course of time, afford relief, Dut uniessthat reliei be attended by ability to re- sume specie payment every dollar of paper money Jasued will conduce to an inflation that will again ‘unsettle all values and result in terribic disaster. THE FOREIGN MARKET. Late London advices report the withdrawal of £210,000 iu bullion irom the Bank of Kngland to- day and the provadility that the rate will soon be advanced, The private advices of bankers on this side, however, do not corroborate the statement. Coneols are reported weak gt 925 a 92% tor Money and 92% a 92% on account, Erle closed weak at 31; a 31%. Money in open market is active and has strengthened. Five-twenty bonds, 1865, 1063; a 10654; do., 1867, 108% a 109; ten-forty bonds, 1043 a 104%; new fives, 104 a 10414; New York Central, 88 a 88%. Paris quotations place rentes at 691. 723¢c, Prices in Amsterdam are as follows:—Central Pacific first mortgage bonds, 794; Union Pacific do,, 71%; Union Pacific shares, 20%; Northwestern. preferred, 573g; St. Paul pre- Jerred, 503;; Erie shares, 81. The repeated with- Grawais of bullion from i THE BANK OF ENGLAND reported for several days past, and amounting during the week to £413,000, were loreshadiowed by an article lately published in this éo/umn, wherein it was described that the Bank of France, being engaged in the accumulation of coin, with a view to the resumption of specie payments, would natn- rally absorb some of the assets of the “Old Lady of Threadneedle street,” This process is now going on, and hence coin is escaping ‘rom England. It 1s also to be berne in mind that the 1st of May is @ settling day abroad, as it is here, and that all creditor countries, of which France is one—be- cause sife exports more than she imports—natu- rally draw upon “the banker of the world.’ Hence the activity in money that is described in London advices, and the report that there may be ap advance in the bank rate. Elsewhere money is easy and abundant. THE GOLD MARKET. Gold opened at 113, sold down '% per cent and up to 113, but closea at 1134;. The disbursement of the May interests and the considerable amount of gold that will necessarily be thrown upon the mar- ket are quoted as reasons for the present unsteadi- ness, if not absolute weakness, that is from time to time observed. On the other hand, there are nota few among the speculators who base their faith in the future strength of gold as whe result of Congressional legislation, fully believing that the President will sign no bil which has not as its ‘The rates paid for carrying were 3, 3%, 4,2 flat, 23 and finally 3per cent. The day’s operations at the Gold Exchange Bank covered :— Gold cleared Goid balance: Gurrency balances.... CLEARING HOUSE STATEMENT. Currency exchanges. Currency balances. Goid exchanges Gold balauces. THE MONEY MARKET. Money to-day was easy at 3 and 4 per cent on call, Business notes were discounted at 6a 7 per cent. A large influx of usable capital seeking in- ‘vestment will probably be felt soon alter the 1st of May, when dividends and interest will be frecly distributed vy ratlroad and other corporations. New York city itself wil! then disburse about $2,500,000 as interest on the city and county debt. From this and other sources there will be a pleth- ora of money in Wall street during the next Month. Foreign exchange was firm at 4.87 a 4.873¢ for prime bankers’ sixty days sterling and 4.90 a 4.9034 lor demand, A considerable amount of May coupons are expected here by tue incoming steamers, and the movement of gold thereby mecessarily entatled should stiffen toreign ex- change. GOVERNMENT BONDS Government bonds closed firm, with a good demand, at the following quotations:—Untted States currency sixes, 116% a 11675; do. do., 1881, registered, 120 a 120% ; do, do., do., coupon, 122 a 122%; do, five-twenties, 1862, registered, 115)¢ @ 116%; do, do, do. coupon, 118% a 119; do, do., 1864, registered, 116% a 117: do, do, d0., coupon, 120% & 120%; do. do., 1866, regis- tered, 116% 9117; do. do, do., coupon, 121% a 122; do. do., do., new, registered, 1199; a 119%} do, do,, do., coupon, 1204; a 12034; do. do, 1867, registered, 1197 ® 120%; do. do., do., coupon, 120% @ 120%; do. do., 1868, registered, 110% o 120%; do. do, do, coupon, 12044 a 120%; do. ten-forties, registered, 115) a115% ; do, do., coupon, 146% @ 11534; do. fives, 1861, registered, 116% a 116% ; do. do., do., coupon, 11675 a 117, ‘THE UNITED STATRS TREASURY, ‘The Assistant Treasurer paid out to-day $413,000 on account of interest, and $17,000 im redemption Or nve-twensy vonds. The total payments by the Treasury on account of May interest to date amount to $1,016,000, The customs receipts to- day were $281,000. The internal revenue receipts, $332,788. Tho following are the balances remain- Ing in the Treasury at the close of business to- day :—Currency, $3,503,388; special deposit of legal tenders for redemption of certificates of deposit, $52,120,000; com, $88,552,501, including coin certifica'es, $33,455,900; outstanding legal Tenders, $382,000,000, SOUTHERN SECURITIES were dull, the sules having been confined to Ten- nessee old, ex-coupon, at 64% a 65, and Virginia consols at 51. The latest bids are :—Missourl sixes, 944; Mississippi sixes Hannibal and St. Joseph issue, 91; 90}¢; Tennessee sixes, Old, 83; do. do., do., ¢x-cou- pon, 64%; do. do, new, €xX coupon, 64; do. do., Rew series, 64s; Virginia sixes, old, 31; do. do,, new, 81; do., consolidated, 601s; North Caro- lina sixes, North Carolina Railroad, January and July, 42; do. do., do., of January and July, 25; do, do,, do., off April and October, 25; do. do., do., new, of April and October, 13; South Carolina sixes, 20; do. do., January and July, 7; do. do., April ana October, 16; Georgia sevens, new, 90; do, sevens, indorsed, 80; do. sevens, gold bonds, 65; Alabama eignts, 1886, 40. RAILROAD BONDS. In railroad bonds an unusually small business was transacted, though the tone of the market continues firm and full prices are generaily ob- tained by sellers. Chicago aud Nortuwestern con- solidated gold bonds brougnt 86, Morris and KEs- 8eX firsts were steady at 107, firsts 105%, Chicago and Kock Island sevens at 105, Central Pacifics at 94%, Union Pacific firsts at 8655, Erie fourths at 94 a 9434, and Ohio and Mississippi consolidated sinking fund at 92% a 923g, Union Pacific new sinking fund sold at 70), Michigan Central sevens advanced to 9834, and Fort Wayne firsts to 1064. The maseas bids were:— Alb & _usq Bug & Erie now bis... 98 Ast bd. 9 New York Cen v's, ‘83, ou New York cen Be "87. New York Cen re. it ry New York Con o's, sub. 9) NY Cen7's, "76. N N¥ Cen7’s, 6 NJ NY O7s, con 7% 109. Am Dock ‘Imp bonds. O05 Now ¥ork Cen Ist m, c-105%% Mil & pt? Ist, La CD. New York Cen Ist mn, ENG Harlem i's, Ist m, Harlem 7's, Ist m, North aiissouri 1st Ohio & Miss 2d m, Cen Pac goid ods, 243K Con Pag State aid’ bai 104 Uniow Pac Ist m bds... 40% Union Pac |g 7's. Union Pac Ci Fac Bit 7's, itd by Mo. %8 Pitts, #t W's Chi 1st m.106 Pitts, et W & Oli dm. 101 Pitts, Few Chi Sd m. 9 ck & W. dst Del, Lack & Wadi Del, Lack & W 7's con. Morris & Ist m.. Morris & « asex 20 tess Morris Essox convert 92 Morris & « ssex 7's, ‘71... 94: Liev & Pitts goo Erie astm e: 033g Clev & Pitts :dm Erie 2d m, 7's, wu Clev & Pitty 4th m. Erie ath mi, Ps, 80 Long Bock bonds Butt, NY & E ist m, 17 83! Tien 7 per cent "75. 100" Bub & Sioux City ‘istm 94 Dup & sioux City 2d di 9). Cedar & Minn Ist m. eis Mich outh 7 p oy 2d mi Col, Chi & ina tai BY Selous 1° Ist Alton cil 24m. pret. $7 ‘Tol, Peoria & Wat, b D 75 ‘ol, Peoria & War,W D 76 Tol, Peoria & War, 2d m 53 Tol'& Wab Ist m éx.... Uis_ ‘Tol & Wab istm, StL D o Toledo & Wabash 24 m. 37 Tol & Wab equio bonds, 7116 ‘ Toiedo & Wab con c. Gt Western Ist m, 163:. 923¢ Detroit, Mon & Toi bds, 10% Great West 2d m, #8... 8.39 THE STOOK MARKET. The course of this market has been so like that Oi the past two or three days that it is scarcely necessary to make additional comment, By turns it was strong and weak, as if some superior power were playing with it and at will making figures on which to dispose of puts and calls, It was not @ market to invite contidence or induce outside buyers to speculate for more than “a turn.” Even the habitués of the street fought shy of cer- tain stocks wherein it is believed combinations exist, and the utmost caution was observed in carrying them overnight, lest the sient influences of twelve hours should produce another of the sharp changes that have so suddenly and repeat- | edly occurred during the paat -two weeks. It 18 useless to speculate as to the future, for opinion is thorougniy divided as to possibilities, and to predict might only be to misicad, The transactions to-day were as follows:—Western Union, 74,250 shares; Union Pacific, 38,220; Wabash, 4,700; Pacific Mall, 33,390; Obio and Mississippi, 3,200; Yew York Central, 12,600; St. Paul, 6,200; Lake Shore, 33,175; Hanni- bal ana St. Joseph preférred, 900; do, common, 8,200; Erie, 4,600; Delaware and Lackawanna, 1,200; C., C. and L. ©., 3,560; Rock Island, 5,280; Northwest common, 12,100, The sum total was 240,690 shares, The close of the market brought out a good many sellers, 80 that much of the ad- Vance was lost and the final dealings were heavy. The decline ranged from +4 to 2 per cent, nearly all of the speculative stocks being sufferers, especially Erie, which fell off in responre to the weakness reported in London, The greatest de- cline was in Western Union. THE PRICES. Western Union opened at 74%, advanced to 75 a 7534 @ 75%, and thence declined by fractions to 74 a 13% ; Now York Central sold at 98% a 99 a 993; a 98% & 983, a 985,; Erie commenced at 36, receded to 35% @ 34%, and closed at 345;; Hannibal and St. Joseph common opened strong at 30 and moved up to 8134, but ended at 303%; the preferred stock closed at 36; Pacific Mail moved from 45% to 46%, ending at 4514; Lake Shore sold at 77% a 78 & 774, @ 76%; Union Pacific at 34% 9 36% a 8555 3444; Rock Island avanced from 99% to 100%, but at the close called for only 9934; Northwest common ranged from 46% to 485¢, closing at the opening figure; St. Paul sold at 38% a 3934 a 38 a 874% @ 375¢; Wabash advanced from 42% to 43%, dropping, however, to 41% in the final sale; Dela- ware, Lackawanna and Western was steady at 106% a 107; Ohio and Mississippi was steady at 27440215; C., C. and I, C. closed without much fluctuation at 224g; Atlantic and Pacific preferred sold at 15 a 14%. HIGHEST AND LOWEST PRIORS. The following table shows the opening, highest and lowest prices of aoe — ming. Highest. New York Central 98% 9935 9846 1290 129 36% 34% ‘1834 16% 436 41h ox ou 4 10055 9934 8736 87% 1. 3934 3736 Mil & a Paul pi 5B 583, Ohio & Misissippl. 23 2034 New Jersey Cent 10536 105 3g Del., Lack. & West 107 106% 34% 855% EY 4 223 22%q 22 T4ig 75% 738% 45% 46% 4535 10855 108% 108 SALES AT THE NEW ‘YORE 8TOOK EXOHANGE, ‘Wednesday, Ap _—, RV—10 A. M., Before Call. gaat MSRR.. tay Un vac RR: do. ty ee West Union ib) 1a 2400 700 250 an 4 Ww " Ft 2 0 ae on 210 Del, 1a 8 W RE 6 10588 1609 10) Ohio & Sine KR... u7hg 70 22 Atl & Pac prof 3300 M00, CALC RR ‘ ‘3000 200 do 00 2 do. 0 300 do. 150 io do. 10118-and 11:30 A.M. ‘81... 120} 20090 US £420, Siusuw ses Fat tir* 10000 do. 5m) US ‘at ml Missouri sixes, Asylum or University, | New York Central | First Board—10:30 M. £3000 Tenn 6's,0, exe. 65 iW) do. be, 6 92} nts’ 3k 120 Bank of Com.. ... 120 Py 20 Spring M Coal: iy 1 re “Ds a 1500 N HR. 12:30 P. M.—Before Call. 100 shs Del, L&W KR. Whe | 8 seein 3 es Sls 5 3 fe specs 4 = * ee ES=CSESCESSEESTEES SEE WL, LC Re 2P.M. 20,0,7685, n.. 12044 rg 168: 2000 US 5-20, 1, °67. Second Board—1 P. M. Siow) Un Pacts Lebds 8} 200shs LS&M S RRB 774 Long Dock bonds 98% 40 do. vig aby Gen Pac cid bas, do. Harlem RR Wes: Un ‘tei. do. SECEESEUEUE 1300 Scuseege aUETeE 0, 5P. Ft W & Chi 10; Ohio A M isa 300 do. Bess =e 2 Mor & ia iit 94g 100 Han & StJo ick. be 100 do. 3 4; 100 in) Até ‘Pacifie pibe 2130 to3 P. M. pa lg ye & NW pf.b3 ae 1 oni a aw RR. 404 400 4S eRsess: pe ct tet ttt tc Un Tel... 13% a TE Ohi & NW pret. 66 Beek Weise eau S er Cent ae BE Bg a1, $94 a Mi pA a. |B si ai Cue NW COMMERCIAL REPORT. + Cotton Firm—Flour Steady — Wheat, Corn and Oats Firmer—Pork Quict and Steady—Lard Firmer for Futare—Gro- cortes Firm—Freights Firmer—Petro- leum Quiet and E reSpirits Tur- pentine Firmer— Rosin xActive and Steady—Whiskey Lower. WEDNESDAY, April 29—6 P. M. ‘There has been @ much better feeling manifested to-day throughout the general merchandise mar- ket, but trade was retarded considerably, owing to the continued unfavorable weather, At the Produce Exchange there was more activity in breadstufs, Flour was steady, but only in moderate demand. Wheat met with a fair trade, and prices were about 1c. per bushel higher. Corn was in good de- mand and firmer. Oata were moderately active and higher, There was comparatively litle doing in provisions. Pork was steady, Lard was a shade firmer for forward delivery. Bacon and cut meats were quiet but steady. Groceries were quiet, but the market was firm for all deacriptions, s SI Cotton was quiet but firm for laws on the “spot’? and 1-16c, higher for ‘utures.” Petroleum was auict and easier, Spirits of turpentine was firmer and held above the views of buyers. Rosin was in demand and steady. Vreights were firmer, particularly for grain accommodation, Whiskey was }¢c. per gallon lower. Correx.—Ine market was steady. We note sales of 4.897 bags Rio, ex Anino, on private terma. We quote :—Kio— Ordinary cargoes, 18%¢. a 18%. ; tair do., 1940. @ We. ; good do, 20%c. a 2Ic.; prime do, We. @ Whe, ox- treme range for lots 18%c. a 22ie., gold. per Ib., sixty and ninety days’ credit; Java, government bags, 24o. a 2c. ; do., grass bags, 2c. a 26c. ; Ceylon. 2c. # Ze. ; Maracaibo, 19. a 2%c.; Laguayra, 2k 190. a 22. ; St Domingo, i8e. # Me. ; 2ahge.; Costa Rico, We. a MWKe.: Savanilla, 19. a 2%. ; Curacoa, 19. @ 2lc., gold, per Ib., sixty and ninety days, “Corrox.—The market for spot cotton was inactive but very firm, owing to the continued upward tendency of “futures,” which advanced 1-J6c., with, however, bus moderate transactions. We quot Uplands.“ Alurama, Mi Orieans Tozas. Qrainasy, sy for aac” is i “3 ‘ i ; Le! en I atin yy a HS —The quotatio: re based on cviton in store pee in quality not mori po han half a rade above or below the To.. ay Laat Ev’, Total, Export.... ‘ 3 Consumption aig 3 68 Speculation 2 7 In transit, : es = 683 - 1,808 168 ane w middling) the sales have Mug. atter three o'clock. — 7 8-16c. ; 5W, short notice, tu Sth: io notice June, 1,700 ak tue, uly, 80 at 17 1b. Septem: i 7 SI-8ac., 100 ab’ 18c. : " Tits: December, ‘300 at 17 ro “dom LSU) bulen Tee gay. up to three | P. ‘M.—April, AT. SOY at 1 8820.3 Bare foot sh apoties: at 1607 200 at 17 31 Fee al 100 at at Vaio yar Di cs me We., Ro notice pe til ; 320. ry c., MO notice to day; dibiattrye, 1 atA7 d.., no notige tilt Let: ih ait June, i Abc, 80 17-8 1,360 Ihidovat 1, lodoe., at iy 8c. at 18 9. x. Bc. Be 200 at I7 500 at 180., 100 at is. ee Total, ly BD Balen Brand! dotak 19,900 bien _Exchango—ee.. ‘paid. to ex: change 600 May tor June? 3c, paid to exchange 500 May Saat okigel far duane, Abe's eipts at the ports were ay follows :—Galveaton, 451 bales; New Orleans 861; Mo- il bales ; Savi ‘annah, harlestar 1, O57: Wilmington, 123; Be otal, 8860 , 807, 73, ; Baltinore, 49; New York, 270; + Fnuladelp hin, ates an cotton to. foreign vaca were quoted ‘This day last week, 6:61. ‘This day last ‘to Havre, by stea ¢.; to Hamburg, Je. ; by Ball, Jee. steam, 34. ; bY owipressed; % eit Averpool, by steam, “4d. 5 by pall, $1 SOpLoUk AND Gray. Receipts Flour, 1.708 bbs; wheat 131,840 bushels; corn, do. ; corn meal, 100 bbis. 5 oats, 33,600 bushels; rye, 21235 do. ‘The flour market con- tinted quict, but’ values remained without essential change, The saies, including all kinds, foot up about 9,010 vbia.. at prices within, the range of the subjoined notations. Corn Raber: in good, demand ant solu to the extent of bis. including Brandywine pa ci Western at $025 a. $a SO, and “Jersey ae $4 25 Supertine St BES Extra State, Choice State Superfine We Extra Western.. Extra Minnesota Round hoop Ohio, shipping brands. roan Ohio, trade brands. 2SREBE Bt Loulst straight e St. Louis, choice double extra St. Louis, choice tami California Rye flour,’ Southern, Routhorn'supe Southern tamiy Corn meal, Western. PERE SER ER PE ERD aera i SGEERRESSSE SESNEE lengsasess sesvede! Popeseecee amen Sroee: a Thi teat to-day, and prices were fully lc. better, ‘The, sales aggregated bushels, at $1 48 a $1 54 for Gnersds Spring: 3 86 for northwest; $1 52 a $1 Bi.tor No. 2 Chicago 1.88 lor No. 2 Milwaukee do, ; choice do, held at G0: $1 64 tor No, 1 Minnesota spring and $1 66 tor red ‘wiiter Western. Included in are 25,000 bushels of No.2 Chicago spring, for delivery first 25 days of May, at $1.50. Corn was moderately active and firmer at thie opening, but closed casy at the provement. The sales were about L000 Iighels vats from G40 "8 lor damp" to dry.new Western, mixed; 7c. « 88. for Western yellow; 87¢. tor new white; and Wc. a 9ic, nominally for Soath- ern white. Oats were also firmer, the transactions show- Ingan advance of Yc. a lc, per biishel. ‘The sales foot up it 54,000 bushels at Bic. tor mixed, and 65c. a orig for white. Some parties were hoiding choice te at 68c. Barley was inactive and nominal tn the abgence Of transactions, Rye wus steady, yen ciate of 10,000 bushels of State, part to arrive, at $1 10a $1 Feodeotd ina small way at pricas wishin the range 0 previously quoted figures. Faricits.— there ways better Inquiry today for grain accommodation by vessels on for which ad- Vanced rates were obtained. For other merchandise rates were frm, but not quotably higher. In the char- tering line business was slow, but the inarket showed no sigus of Weakness, suitable veasels for grain particularly Were held with much confidence, , The engagements 1; im, 40,000 bushels of wheat ad. lato, BY lour at 2s. l0id.;, 800) bushels’ of Co Ae lid. if eowe pftenin, 400 bushels or rain at 8 dt of tlour at 3s. rertien by’ sai, 170 cuses 7b at 228, 6d. ‘Ine char- tersembrace an American bark, hence to Antwerp or Rotterdam, with 3,500 quarters of grain on private pores an American ship, hence toa direct Continental port with ee quarters of grain on private terms, an Italian bast ence to Cork for Seatn to the United Kingdom, ‘3,000 quarters of grain at 7s, 6d.; an American bark, riety to Java, with z ‘cases of refined petroleum at 423¢0.; an itatlan bark, hence to Venice or ‘Trieste, with AOS: zeae petrolenm on private terms; an American brig, 596 tons, hence to Constantinople, with general carne, #56 toe — Mo.assxs.— Busi only moderate nae 4 and conained to suial Jobbing bay Pages, sales, 100 bbls. New Orleans at from quote :—New Cte Cuba, centrifugal mixed 2sc.a we: odo. clayed, Sc. a smnuacovadg refining, Si. a Bao. don, do. grocery, Porto tae oS }. & 7UC. 5 English Islands, we. 300. :New Orica! Naval STORES. © Market tor spirits of turpentine was inactive, but firmer. Held at dic. tor merchantable ee 100 is of 40%¢c. refused. Late yes! bbls. sold at ae ood de- ained rosin inet with, w mand and the market was firm ae a $275 ‘oF 8 orain- Fy to Rood, We note, eales of 1.10) bbls. at $2 6734c:, 2,700 bbls. at $2 70, and 3,200 bbis. at $2 70. afoat, ‘The finer grades were not ae it va but quoted nominal steady in value. Tar uiet and steady at $2 ir’sold in w small way at B3 or city delivered MPRTHOLKUM.— hg -Matket for rengd was quiet and gasior quoted at 15%, for balance of month and early May delivery, and 1i74c, a 1éc. for last halt ot May, Crude in uli was also easier offered at 73¢c. tor prompt delivery, with 7c. the last bid. We heard of sales of 4000 bbls for Junie, deliverabie’ in weekly. lots, at 7440. aes were quiet, but quoted steady, at 2uc.a Napitnn remained nomingl, at about se. a be. for elty: ‘The Philadelphia market Was qulet, Dut about steady. Refined noted at 15%c. tor spot up to early May de- ote sales of 2.000 bbls, deliverable from the Ist 10 the 10th of May, at 15%. Reports trom the vil producing points were of a Mot market with quota- tions as follows:—Oul citys Wa gy + Titusville, ho 02% a $2 is Rousevil 7 9) a jPetroleani entre, $l 2; Parker's, $2 a $2 02; ‘Uni a gl ig at United: $1 00 at others: Tideout, $1.75. moriio¥a.—Heceiptem Fork bois. best, Il pack ages ; cut ments, 457 rd, 611 bbls. th tists gork the market was inactive, but Values remained avout the sat 200 bois, for June at $16 ¢ ‘$21, and $0 bbis. of rumps atl 75. Bacon met with rather more inquiry and so the oxtent ot 725 boxes of er ie clear at Jose. and 30 boxes of do, at We; Dressed hogs met with a baer de and were quoted steady at 7c. for a) range Beef continued slow of sale, but prices rere without change. We Note aslesdn & jobbing way of 70 packages, at prices within the tinge ot our quota. tions. oe bi :—Plain ee Aa ae, a $14; prime do., $24 wees 50 a $32) Beet aa 3 were oor wanted, rices were steady; quoted within for Southern and $22 a $25 for Western. Shei ats continued steady in vaiue, but the demand to-day was onl; sips e sales include ‘750 smoked shoulders at 83¢c. tlerces of hams, 15 Ibs. ave: pega bs. average, at lc. bellies, medium (ae. market for Western sl months, bat about mteady for ler ee ona td do. fe e auiy ‘at lu3ge. io'plee. Se "gold. to the extent of 3 tlerces at te sper “ib. ‘Butter and che eese met with iWU Ibi, ot toowe piokted vate terms. Lard—The je firmer for the future Fly delivery. | We heard ‘at 103-166.. 1,500 40 fair trade, and were not essentially. changed in value, Svuancthere wasa fair inguiry for raw sugar, but there was very little business transacted up to # late y ling. We note sales of Pot Na ye trades were poniiag. ol yen Ti ot yf muscovado on th fair to refining, and 13 hhds. ot Porto Refined was le. firmer, and hee “a! ted, lige. 10) ee. a wie and. crushed, yoning, infenor to common, fae igual ae, The 8 se} ood . ie ett to sBholees Bi eit nt “a aires, & i i BMC. & Brae an and boxes, avait, dc. a 6! go tote Ba ee Bige. owe: Nos. 7 to9, 6%c. a 7! ie, 3 to 15, B34c._ a 8c. ido, Sai » & 10:40. ; white, ‘common to Prime, 9c. 6 A i eb, f ‘Bige. = ne to 12, 6: aves aaa eae ganda et Theta Bi aioe Manis— extra bs rat 6 Only tat aren & ‘a nied Jobbing trade en. Sales in H ;C. er 1D., a cert wo ual, and 125 bags of Srfanice.— fie mat market remained very quict. We note anal Of 3 Seroee of grease stearine at 9c. Prime quoted Co anal at “ee wat rm, but quiet. Lots to the amount of Tees re ceripis 138 Dbine ‘The Seruand was falr to HIBK: * day, ae Geelite ‘at 9 Ang Oat gailon. Sales 250 bbis., all at DOMBSTIO Ms MARKETS, niet and unchanest pose “ondiuuiy, ten. Cotton quiet ar unchany ordinal Net. gt icp, at Dales, pment Bid’ dete tay a akan Atige, Net te cope aot oot * a tr doa ports 16, 2,0 Creat Britain, STB¥ oie Continent arr; coustwiso, 431. Sales, 2.0) ast evening, 1150. Stovk, 129,296. Cotton quiet and firm; midatings eage! ha Rida, 16% 3 Kovd ord dinary, 1bi0, Net rocelnth 34 bales, EX: ports coastwise, 57, Sales, 600, Stock, 32,076, vin April Cotton very firm ; middling, 16%. Ket rece nts ‘sou bales; gross 361, Sales, 560. ee 1K, 38,724. 16340., Net receipts, 607 Cotton fepor bay Sg 108 bales’ ‘Britain, 1,707 Sales, 2.0, pp tatwaton, N.C April 2, 1874. ipo eet peace iayie, = ne ni for strained, $2 fo. 1 feexirs vale: $60 3 10F wadow lass Sette wt NEW YORK HERALD, THURSDAY, APRIL 40, 1874—QUADRUPLE SHEET quiets 96 for yellow dip, $3 $9 yall ts neces rt Flour unchanged. Salen 300 bole ™ Mar a foe ‘Not ring, $8 75 tor bor winilor, 89 yee ws winter, Sire No. 1 itwauxee club at 81 05; Michigan at $1 62; two cars No. $1 75° on ir extri 86. new A-*- at tie close 0! at Sc. Barley dull; sues 1,00 bushels Canada at ze Corn Inet 873. ior bolved and $170, for ‘unbolt wt Millfeed unchanged. Shorts, $38; ships imidquingn 234 ber fon Ballroad freizhts—Flour to Bos: 4 to No bany, 36. Recely 1nild) busnels cova’ S100) feet of lumber. " Burrato, N. Y., April 29, 1874. Jmports, for the last. twenty:10 sigur jneiry.—Elont, 500 boli; wheat, 20.719 bushels; cor 18; omts, 31,00) bushels; orn, it MoU bushets.” Exportec heat 18 400 bushels: oats, 24.700 bushels, fg, $6 bakers’, Wheatduil; i wankee No, Spring at $1 7; red winter, $1 50a $1 55; 73. Corn active ase Seon er; mixed, in store. 8 8; 0D The. a 79e. Oats quiet; males 2000 nda held at $1 3 26 0 $1 90; al at BE 6. Marley eatern, $1 8D.a $1 90, Otner No | Seprine held atte warm white wnter. $1 oa 000 Duvets hig! Flour steady. for Nona white Waves rm tor So. mY ‘gett 2; Soc. tor Ml Recei) 120d bbls flour, 9,000 bushels whea “u0Sao. corn ahip: | j Tagnts—000 ousbels wheat, 31) do. corn, amd 10,000 do. Flour quiet pt unchangs demand, at $1 29 Cucago, April ed, “Wheat firm and in fie t firm a 1 as igher, at d13¢c. for No.’ 2 Pork sotive wid higher, xt $10 25 a Sl ‘Bi dune, Lard advanced 16 30, cush and in tai its mand, to Buffalo, a’ Boo. Ceipts=7,000 bbls. float,’ S000 uushels wheat, $7-000 ae, corn, 38000 do. oats, 2.000 do. rye, and 3,000 do. barley. Shipments—7,000 bbis, flour, 98,000 ‘bushels wheat, 55,000 Go. corn, 12,000 do. oats, 2,000 do. rye and 4,0W do. bariey. EUROPEAN MARKETS. Lonpox Propuck Marxer.—Loxpox, April 29—Even- ing.—Linseed oil, 6% per ton. Spirits turpentine, Que. 9d. a ber cwt Tivuroos Tnonvck ManKer, —favunroor April 2~ Evening.—Spirity turpentine, 31s. 6d. per cwt. aes : __FINANCIAL. UGUST BEL! Lig Ae oP Bankers, tinue travollen’ credite, available int si ‘parts of the World, throagh the fesars, De Rothschild and thetr correspondents, Also commercial creaits aud telegraphic transfers of money on California, Kurope and Havana. ") TLANTIC SAVINGS BANK will Remove on Tarspatiaitae 30, 1874, to its new Bowery, corner ruer Bond street, and in accordance with pro visions of cha: pter 676, Laws ot 1973, will thereatter be known as the i, m BOND STREET SAVINGS BANK. HAR ON HALL, President. J.P. Cooran, Seorctary. “G. D, Bauxy, Treasurer, T_ REASONABLE RATES—MONEY UN LIF AND Endowment Insurance Policies, Mortgages and other becurities; insurance of all Kinds eltected with best com- panies.” . J. HABRICH & CO., 117 Broadway, —STOCK AND GOLD PRIVILEGES-$100 FOR 100 « shares, 30 days; $30) a $400 f 3) days ; $50 tor $10,000 gold, the xchange; Stocks Gold and 11 sold on commision. Gail for explat quotations. HAZARD & MONTA\ A —STOCK PRIVILEGHS—$50 FOR 5) SHARES, $100 « for J00shares ot any stock at lowest market rates. The only safe method of operating in stocks on limited captial tally explained in pamphlet, delivered tree on application. ii Bankers and Brokers, 59 Wall meen New York, leges bouy tory circular wi No. 6 Broad meee A —HASKINS & BRAIN, 11} BROAD STREET, . ea Tera Gola Brokers, V' cialty: Puts, Galle and Double Privileges on ant Sctivestocks. Smellcapitattsts will ud thina site method of speculating. Explanatory circulurs, with references, mailed on application. morta hf & BAZLEY, BROKERS, 74 BROAD- BUY ASD SELL PRIVILEGES: ALoO DouBLe PRIVILEGES ON “MENBEIS OF “TE EXCHANGE" OR REST ONSEUS PARTIE: 3 wee OPERATIONS MADE AGAINST APPKOVED CON. TRACTS; QUOTATIONS FURNISHED, EXPLANA. TORY CIRC ULAKS, WITH REFERENCES, MAILED TO ANY ADDRESS.’ LAPSLEY & BALLKY, 74 BROADWAY, Ate TO LOAN PROMPTLY UPON BOND ri * and mortgage on first class city Real Estate; ulso jarge Morigages cashed. Vv. K. STKVENSON, |, Jt., 1 Pine street. |. JOHNSON & BRO, 160, BROADWAY. MONEY ° Tilees on New York or Brooklyn Property, with- gut bonus; Second and Leasohioid Mortgages ‘cashed. ‘those desiring money will please call. NUUNTIES, CIITES AND STATES DESIRING TO consolidate their debts and to obtain tunds on new Toans can make gxcvedinaly favorable arrangements by addressing PEANCINE, x sitolans Now York Post office. OMMEROTAL WAREHOUSE CO—CASH CAPITAL $2,000,000—Oftice, 29 William street, corner Ex change place; warehouses, Atlantic Dock Brooklyn, Cash avances, eae on first class securities on demand and time, mces made on all kinds of mer- Fripshiend ‘area inoue ‘own, warehouses or consigned to ug on fayi SAUEY- ARMOUR, President. BF. NAVARRO, i've President, HN BAIRD, Second V: ee President. FELICIANO LATASA, Third Vice President. Paul J. Armour, Wm. D. Bowers, . ©. H. Delamater, Jose F. Navarro, eat sauepne = J. Jova, John. ‘y B. Hyde. WILLIAM TOBIN Superinteident of Warehouses. Jauns Ciyxx, Secretar; ITIZENS’ SAVINGS BANK, ot the city of New York. Current rate of interest six per cent per annum. Interest payable in January and July of each year for the number of calendar months the same has been on deposit next previous to the first day of January or July. ank 58 Bowery, southwest corner of Canal street, Open avery day irom 10 to 3, and on ssn ‘and Sat- urdays Bauk Books in Haguish, Gorman. and rend CINTARD, President. Srrxour A. Boxcr, Secretary. PS SALE—I2 SHARES OF .THE WHITE, POTTER & Paige Manufacturing Company Stock, now paying ee large profits; satistactory reasons for selling, $22 Quincy street, Brooklyn, after 6 o'clock Hs & €O., 46 WALL STREET, } BUY AND SELL St. Joseph fina Denver City, and ‘all kinds of mnis- cellancous Securitios. ‘OHN S, PIERCE, 106 BROADWAY, HAS MONEY TO Joan, without bonus, on New York and Brooklyn | i Real Estate; also to purchase First and Second Mort- Gages at market rates. L AUZAT, 761 BROADWAY, HAS ALWAYS ANY J. amount of capital to loan’ on Chattel Mortcages, | Merchandise, i Custom, oF ware houses. Merchan so be shipped to any part of Kurope or ‘Ainoriea lsg on Jewelry, lamonds, Silverware, rniture, Pianos, &c., ‘%e. 761 ‘Broudway. QQ™LE BALE BHR OBNT COMMISSION $191,000 TO rc inprove ‘O} oan ot BoOtN BHINLEY -& SON, Sf Uetiar stroct. Ul io FUNDS TO LOAN-—-ON FIRST CLASS MORT- ages on City Property only, Apply to J. TOWNS. HE! Sennett Building. 4B, COUPONS DUE MAY 1 ON THE BONDS atl Repaid on and attr that dates upon presenta a our omce. a vB MAN & co. HE COUPONS DUE MAY 1 ON THE BONDS OF T the Central Pane Improvement Company will bape. on and after ce. that date, upon presentation at our DUNCAN, SHERMAN & OO. Wa ARE tay Le: dg TO ATTEND TO be yt and funding the past due coupons; or the "the Fundy ding Law will be sent gratis on applica- thon he interest mat lay 1, 1874, will ‘now be paid by us 6 nt per annum. & Fobate at por cont BT GAR JONES, Cashier, , ‘Third National Bank, at Nashvilte We refer to Importers and Traders’ Nationa ik, New York; Bank of the Manhattan Company, x 7 ANTED—ON FIRST MORTGAGE ON A FARM OF W 105 acres in East Lye piacere 0 county, B Ne Welle Wo eae Nontmouth county, Noo Wy Aeiso-rous, THOUSAND DOLLARS 000) for six months or ene, reer ‘i ons given and first cia roel eae AW Ficke 151 Brondway, room No. 9 cof gp at FUNDA 4 LOAN FOR FIVE 4, ufoh tino esta ARD & & eae oe Wall street, _ street. SAND 10 PRR CENT ity and County Bon aroad Bon ry CIty Railroad Stocks. Also other choice eeeere | nd Bonds, paying 10 to 20 per cont, at the lowest market rates, a jo, 43 Pine mrect, New York. N. B.—Investment avert our specialty 22 years, 0.000 & BD—IN THE IMPORTING BUSI- de oO} mate ES jor any person rae, imal wi the cghest x character ven = 6; Teferences of . » Gress b. BG, box 174 Herald’ ‘Uptown Branch o $180,000 error tity Omecgnds” and leasehold on, first, morta Nita US Poot einl ts Pop ae Espress ‘buil 300.000 ZetPasis gums 19, auim, oN New ee, fete ‘and Westchester ved Keal Estate, Ni ©. BE. Wie ae jontak Tnsnratioe Company, y, tas Bro roadway. __ COPARTNERSHIPS. ba Sager APRIL 20, 1874. w hereby y given that the copartnership firm of coeyanas, Regenhard & Oo., importers Cp rit se in ti ne ae of n this iy ‘con: sent dtr. Goetainan having wtharayn, Fy tt Rey ad James 0, She ae og a tre to be settled with sald a le HERMANN REGENHARD, JAMES B, 0, BHEVILIs __COPARTNERSH: New, PORE, APRIL 9, 174 isting under the Arm iohaed Pe Herrick & Co. wi 1 using, Simalved by omatend ri pam im ee cette, bs SCURNEN He FIRM OF PLAHTO & Li WEATHA ived rT Lowenthal ‘rill assume | Cy habit 108 Franklin st ee PLATTE? ‘april ay, eri LAHT M EWEN HA, 8! STE D ing stocks than in any busines at he font — r plained by calling -or pec TUMBRIDGY £°CO, Bunkers Swe lew POPULAR NEW YORK WEEKLY Pt BLICAT# AL Pit besbid cheap for cash. Address LUCINDA, ion 190 Herald office. NE ONR Witt GarseeieS ready wel FOR ARAPE, pleasant ci usiness, all may address (not call) tor parbeh jars Libeascene 100 Broad: ‘ rooms an iterview wall be aj CAPITAL OF LADY, WITH A cay. ‘at least $10 in a new busine: he an home, or can travel with i during t the sum- mer. anpbly at 17 Great Jones street, CAN F rwerg id neat, N ANDUSTRIOUS MAN OR WOMAN HAVING, $100 addross- ing Th S°E."" Soca Howse Comal sesber, betwee Bowery and Elizabeth sitect. pase cusege soe « penisanee aaa n ry dusiness, paying $3,00 y a 0, COT Brena wang, = N ACTIVE MAN COMMANDIN A FEW HUNDRED dollars can meet with an excellent chance as artner in # profitesic Munatacturing Business, Address MMEDITAIO, box 156 Heraid offi SUMMER HOTEL OF 8 ROOMS, DELIGHT- fully situated; 30 minutes from City eae New York, via Central Railroad o. New Jcrsey; 4) each way daily, will be rented to a responsible pad om reasonable terms. Address J, G, LAW, No.8 Sprace street, New Yors. PROFITABLE M. NUFACTURING BUSINESS IN . established twelve years, cam bi t Real Kstate considered. LETON & CO,, $8 Broadway. WITH A FEW HUNDRED DOL an interest in @ drat chaneerronme at bu-iness in which he can reatize $2, year without Ba. Compatitod, G, REED, "335 Broad) PRIVATE FAMILY WILL S&LL THEIR BLE. gant Decker & Hro's. Pinnoforte at # sacrifice, a richly Carved 7% octave, four round rosewood Pianoforte, having all modern) improvements, tall ag strung, &. ; cost $975. or $25): Cover tor THoisetuotd Furniture, im lots ital Also complete to suit. Call at private residence 210 West 2ist at, (CHOTHING TRADL.—GUOD CHANCE FOR A SMALL capital, or will exchange tor Real Estate, stock, ase, dc. of & Well Knowl and. pay ing howe. io ass good reasons tor selluig.. Address CLOTHY ER Heraid oice, POE SALE HALE INTEREST IN A FIRST OLAGS corner Liquor Store on Third avenue, with a la a attached man to attend bar, jorth: strect and Third avenue, JVOR PATENT OWNERS AND MANUFACTURERS —& arty having # very daairable Manntacturing Frop- erty, near railroad depot and convenient to the city, iit Doth waver and steam power and buildings utiaks for any light business, des! meet with 4 person wo can manufacture sone SRpeny ge take Sa il ‘Addi Ish partl ape or take an inl iress, wi 0 articulal A. JOSHS, 2) Park Tom, New Yorke city. NENTLEMAN W. STED—T0. JOIN THE ADVE! tiser in bottling ale, cider, or beer, &c. 5 tablished down town and Jerse CHARLES 8 _W. BAN 14 William street. NVESTMENT. —$3,00 (HOUSE AND LOT IN RROOK- lyn, now paying 10 per cent) and services will be fiven for an mveres: in any logitimate ‘and lucrative usiness, by an active, oc nes feck Daa On rouy orale ne. ress “land sharks" need answer. office. HAVE ‘AN ESTABLISHED TEA AND GROCERY trade, country and city want a responsibls. saves or would’ ite a Dartuer With @ little cash. Address B., Herald office, 1.265 Broadway, WING TO USINESS I WANT A GOOD business man who will invest sowe cash or real es- tate as partner and manage @ legitimate and ee TMunufacturing monopoly (patented) just pure! me, Address RELIAI LE, “box 156 Herald office. ARTNER WANTED—WITH $300 TO $6.0, THE Poultry. Fish and “Produce market; 1 Riu my own Poultry which is walimalted. ‘Apply at corner ol nd Dean streets, Brookly: ARTNER WANTED—ONE-HALF INTEREST IN A fine familly Grocery Store. Cuil between It ROBINSON, 59 Pearl street. Y.—TO ie pee Or YRABS, nsoquence of the deat ¢_ propriet Long mferepaaenee ‘an Willinmsburg ; one of the oldest and best established concerns in. te € country, having the most improved machinery, a very large local demand Bodhi nine andl every iealllty ee dotgse tape oeees sive business; now in full operation, with a depot in York city; the stock on hand can be had at cort ot manu- facture, ana the most liberal terms will be made with Bt competent to carry on the work. Apply to JOSEPH . QUIN, No, 3 West Fourth street, New York. 10 CAPITALISTS.—AN OPPORTUNITY IS NOW O¥- fered tor parties desiring to yo auto manaiacturing fo take an interest, in a Tapestry, Brawsels Carpet bur ness, already well established, for the purpose tending it Address H., box. 12) Post oti New York. YANTED—MEN NOT A RE, WIT $250 to $490, to join me in sinking artesian wells. Call for three aye at big Pine street, La WAN GOOD, RELIABLE oF FamMii with line’ business, to take part interest in and charge of one of the best billiard alls im_ the ci 8 f= erence required. Call at Washington Hall, eae 15 and he 7 Third’ avenue, between 125ih and 126th streets, Har- lem. pAaRD MAN TO MANUFACTURE AN | IM- cnair; Sereee preferred; must, 4 some honey aiid-be able to do fest clare work. ecumehe a Herald Brooklyu Branch oftice. ‘WAXTED JMEDIATELYTAN ENERGETIC MAN, 00d pay aad pr sical ‘xnibiton of Lott AY NE an rea e: 01 Exp trata i for clty and elevated Tallronaai the: cation in the couniry sect a name for interview only, JOHN T. LOFT fy Herald otfce. eine —I WILL SELL A SHARE AND POSITION » as Treasurer in one of the most celebrated Ex- hibitions now travelling. Address, for three days, BAR- rald office. * 500 —A RARE CHANCE FOR AN AOTIVE MAN le soi? BUY food wit wills secret of manufacture, ma- terials, stock, 4c., in @ business; the article m great mand and little competition. eoenaeY T. 1, care ot J, Baldwin, Printer, 14 Cortlandt stree| 1.000 2° $3,000. —4 ee LADY, a senueen Catholic a ag ini a legitt- mate Lethe oe) business; h ine ion, Address MANUFACTURER, box 114 Herald WILL SECURE AN” INTEREST 18 AN $ established business, to increase which tho above amount ot capital is required. Address PATENT, box 114 Herald ofice. — 3.000, “ENERGETIO AND HONORABLE D can hear of an unusual opportunity in an emablished manniacturing pusiness; sales large ovompenition Address 1 aid Uptown Branch office: TEGRITY, box Ml Here ed THE CODIFICATION OF INTERNATIONAL LAW. A conference was held last evening at room No, 24 Cooper Union, under the auspices of the United States International Code Committee, on the sub- ject of the codflication of international law as a basis of arbitration in cases of disputes betweem nations. About twenty gentlemen attended, @ large proportion being clergymen, The Rey. Dr. Woolsey was called to the chair, and requested Dr. Miles, the Secretary of the committee, te explain the object of cailing the conference. Dr. Miles went into a long and minute statement of his efforts to bring public attention to bear on the subject, nis travels in various European in chee gt of the object, and the result of tae Sclober Be and statesmen held in He believed from the te- mee tha’ ar of his jad made a profound, ind. He pointed out the fas ‘cncrmeaa si Sette the omy rem ay tenet, sean, speaker ge tat an Orr ite So that he 6 dur! he time. Final lution was to” adopt the resolution Mr. Montague Barnard, and sels Conference in favor of an international tem of arbitration, and carried ge ig) the exception of @ clause deciarn ference gh bae. nize arbitra’ ou as oie amen e En, a ni <3 mene ie eine adjourned. wi character, the mee National or tions tor the tion of this object have been formed in ioveral countries and these organizations will nave authority to selec hed delegates to an international congress, to be held each year, ‘The eax one be held at Geneva in August next. ‘SALE OF SORANTON coal. General Advance in Prices. ‘The monthly auction sale of Scranton coal was made yesterday by John A. Draper, &t the sales. Toome of the Delaware, Lackawanna and Westerns Ratlroad, Only 50,000 tons wer were of offered, but tne nee was good and there Silos over the ‘trices obtained af following table shows ert Cope sales for this moneh and ye