The New York Herald Newspaper, May 7, 1874, Page 5

Ee FINANCIAL AND COMMERCIAL, Currency---Questions Involved in | ils Successful Free Banking. MONEY ABUNDANT Fluctuation in the Stock Market— An Unexpected Rally. GOLD 112 1-4. WALL hare } Werpwespay, May 6—6 P.M. Our paper currency will never appreciate to its Proper standard and become & measure of value Until it 1a convertible into coin, ‘the sole object ot money is not to pay debts, The creditor nas & Tight to be consulted about the commodity he is to Teceive. Statutes make it a legal tender, and the Citizen 1s forced to accept the same, no matter ‘what may be its worth; but there isa bigher law of trade which regulates that worth. Paper money enters upon its great priesthood only when it oM- clates as the prime minister of commerce, the ‘agent of exchange, the standard of values; that ®ommon denominator on which you can write the waiue of every fraction of the world’s wealth: that gubtle indicator whereby the farmer, merchant and manufacturer, when they have thrown their productions into the great bazaar of nations, can know how much they are to receive in return, Ir- Yedeemable paper money never had these char- acteristics and never can have. It is simply A USURPER that has not only demonetized coin ana made it a marketable commodity, but has, in its own career, unsettled the substantial basis upon which all commerce should rest. Nevertheless the crys for more. In some way the South and West seem de- termined to have it, although the testimony of good business men is that we have enough—not enough, perhaps, to float wildcat securities to par, Dut enough to effect the ordinary exchanges of commodities, The additional issue will probably take place through the medium of free banking, but unless 1t be attended by some measure that breaks down the partition between paper and specie—such, for instance, as a judicious retirement of legal ten- ders—we shall continue to subject the results of every man’s labor to the hazards of a ceaseless Dattle between the bulls and bears. The country bas had enough of panics, and now seeks rest and monetary stapility. THE MONEY MARKET, Money closed easy at from 3 to 4 per cent for call 7 loans. Commercial paper remaing at rates here- tofore quoted. The foreign exchanges were frm om & moderate business. Bankers’ sterling on London sold at 4.873g a 4.88 for 60 days and 4.9014 401 for demand. There was a fair demand from the bankers for commercial sterling, and sales ‘Were made at 4.85 a 4,8634, according to grade, the latter for bankers’ acceptances. The leading banker drawing on Paris to-day advanced his rates to 5.16 for long francs and 6.40 for short; other bankers ask 6.15% and 5.104, with sales at 5.1634 and 5.114%. Reichsmarks are firm at 95% 8 96 for bankers’ long, 96% for short amd 953, for commer- ‘cial. THE GOLD MARKET. Gold opened at 112% and declined to 112; but Jater in the day strengthened, and was steady and firm at 112% until the close. The rates paid for carrying were 2, 234, 4 per cent and flat. CLEARING HOUSE STATEMENT, Currency exchange: $88,052,258 Currency balances. 2,866,449 Gold exchanges « 6,006,996 Gold balances . 977,023 The following shows the transactions at the Goid Exchange Bank :— —— Balances.—— Total Clearings. Gold. Currency. $34,213,000 174,340 $1,337,905 1, 430,000 505 1,083,571 19,478,000 1, 3165, 470 1,316,876 42,655,000 1,383,088 5 ‘ + 48,123,000 1,733,962 2,013,664 THE FOREIGN MARKET. ‘The London advices are not specially important. ‘The market is reported quiet and generally firm, the Bank of England having lost £160,000 sterling. The shipments of specie from this port to-day mounted to,$75,000, principally silver bars. The Moliowing are late London quotations:—Consols, money, 93 a 93 1-16; do., account, 9314 @ 9334; five- twenty bonds, 1865, 1065 a 106%; five-twenty onda, 1867, 1095 a 10914; ten-forty bonds, 104% a 10434; new fives, 104%; Erle, 31% @ 31%; New York Central, 8834 8 8834, Market dull. The rate of discount in the open market for three montns bills is 313-16 per cent., which is 3-16 per cent Delow tne Bank of England rate, Amsterdam— Dnion Pacific Stock, 28; St. Paul, preferred, 47; Brie, 3034. Frankfort—United States bonds, 98%, for the issue of 1862, Paris despatches quote Fentes at 69 francs 62)¢ centimes, THE UNITED STATES TREASURY. ‘The following are the balances remaining in the ‘Treasury at the close of business to-day :—Cur- Fency, $7,500,000; coin, $90,333,000; less coin cer- tificates, $35,600,000. The Assistant Treasury to- Gay paid out $456,000 on account of interest, and $26,000 in redemption of five-twenty bonds. The imternal revenue receipts to-day were $506,981. ‘The customs receipts were $395,000, The total Payments on account of May interest to date aro $6,441,000. The Comptroller of the Currency has called upon the national banks for reports ex- hibiting their condition at the close of business on Friday, May 1. GOVERNMENT BONDS, These were without especial change, and the Market closed dull at the following figures:— United States currency sixes, 116% @ 116%; do. @o., 1881, registered, 119% a 119%; do. do., o., coupon, 121}4 @ 121%; do. five-twenties, 1862, Fegistered, 116 a 115%; do. do., do., ex coupon, 115 @ 115%; do. do., 1864, registered, 116) a 117; @o. do., do, ex coupon, 116% a 117%; do. do., 1865, registered, 11644 a 117; do, do., do, ex Poupon, 117% a 1183¢; do. do., do., new, registered, yo. 119%, do. do,, do., coupon, 11934 a 119% ; do. o., 1867, registered, 1195¢ a 119% ; do. do., do., cou- pon, 120% & 120%; do. do., 1868, registered, 119% a 119%; do. do., d0., coupon, 120a 120; do. ten- forties, registered, 114% a 1153; do. do., coupon, 16 @ 115%; do. fives, 1881, registered, 115 a 115%; do. do., do., ex coupon, 115 a 11534. SOUTHERN BONDS, ‘The dealings were confined to a few Tennessee's, which declined to 8234 for the old. Old sixes, ex coupon, sold at 64%. Virginia sixes sold at 51. Missouri sixes, Hannibal and St. Joseph issue, at 9%. The following were the latest bids:—Missourl gixes, 93; Tennessee sixes, old, 82; do. do., new, 823; do, do., do., ex coupon, 6434; do. do., new se- Ties, 64%; Virginia sixes, old, 30; do. do., new, 35; do. do., consolidated, 50% ; Georgia sixes, 75.; do. ®@evens, gold bonds, 76; North Carolina sixes, old, January and July, 2054; do., do., April and Octo- ber, 20; do., do, North Carolina Railroad, Janu- ary and Jaly, 43; do., do., do, do,, April and Octo- ber, 35; do., do., do. do., off January and July, 28; @o., do., do, do., off April and October, 28; South Carolina sixes, 20; do. do., April and October, 16; Go. Funding act, 1866, 15; Texas tens, 1876, 86, BANK SHARES. Ban shares were dealt in in small lots, Shoe ‘and leather sold at 155, American Exchange, 111; Fourth National, 106%, and Park, 142, LAKE SHORE RAILROAD COMPANY. The annual report of this railroad company ag the following facta :— le company du ists, operated Let miloa oaalug $18.00 per sgainet in 1872, 1,061 miles, earn! iY $16,682 During the ‘year the equipment was in- new engines and: cars of Classes, at a cost of $1,196,502 The com- pany is now supplied with an abundance of motive Power aa jollows ; i tives, 263 nger nearly one-half of the enti ie wae. WS ee old. the, capi stock The bonded deve ) Us oun 4 195,000, against $24,071,000 in 1872, Thi 4s the bbsue Snown os sinking Rare? wailed, FREY ELEMIS 1G yeh AMIE YO Py crepe SR pa to the nd, hl, reason of a large floating debt incurred struction and equipment dur! 1873 and previoas years. ‘The total amount expended for construction and cquignest | in 1873 was 2 249,059 & Had this been provided for by sales of bonds the February dividend coula have been safely declared. During 1873 there was cha to operating expenses for cost of substituting steel iron ratls $578,909, This large ‘excess of steel rails laid in 1873 over the jaid in 1872 (79 miles), accounts for two and one hali of the four per cent increase in operat- ing expenses. The general balance sheet shows to the credit of income account, $1,428,015 44. Alto- gether the report is more favorable even than was expected. It must be borne in mind that wis re- port 18 made up only to January 1, 1874, and that since that tinte the February dividend bas been Seton os the floating debt reduced to less than 000 090, while wes ‘tems of floating assets remain atone samé and withouy apy Material reduc- tion from the report of January I. RAILROAD BONDS, In ratlroad bonds the dealings were generally in small amounts, but well distributed. The prin- cipal transactions were in Chicago and North- western bonds, which were steady, with sales of firsts at 101%, interest bonds at 96, consolidated Plain at 8834 a 89 and consolidated gold coupon at 83% a 84 Central Pacifics brought 94%, Union Pacific firsts 86, land grants 803; and Albany and Susquehanna second 97%. Michigan Central sevens advanced to 95%. sinking fund were made at 1053, a 105, Erie second at 99 and third at 98, The following were the latest bids:— Alb & Susg 2d bds.. Bos, H & & Ist m. Bur, ORAM in Fe 8 Chi Alton ist m. Chi & Alton income Joliet & Cbi ist m.. StL, Jack & aa Ast Lake Shore lst. con, c.. 96 Marietta & Cin Ist m.. Mich Cen con 7's 192.. 9534 Mich Cen Ist m, 8's, ’82. 108 New York Cen 0's, 83. = Ches & Ohio o's 1st m. 50% Shi’ oor teana dae 100 OC BT lst in Pane tg N'J Central, convert. lus a St? lot, B's, PD. Morris & kasex 7's, 71. Erie Ist m ex... Union Pact Union Pacide v Mo: Pitts, FLW Chi fd Clev @ Pitts 34 m, cay & Pitts 4th in. on 19% HN Cen 7 per cont, 48. 100% Dub & Sioux City Istm 94 Dub & Sioux City, 21 di 5246 Gedar ¥ & Minn lst m. Tol, Peoria & W. Tol & Wad eaip ends. 6F . 93 Laf, B Miss ist m... Detroit, Mon & Tol bds. 98 Ham & Cen Miss Ist m.. 725 Barr & Erie new bds,.. 96 Pekin, Linc & Dec'r lst 7zig Lake Shore div bd 9g THE STOCK MARKET, It has been intimated in this column that the market has given repeated evidence of the fact that it is more or less under the dominion of a very few operators, and that upon the policy of these leaders largely depends the course of prices, A forther illustration of the thought was afforded to-day, when suddenly, after a season of depres- sion, figures were made to jamp upward from } to2percent., The opening was at about the clos- ing sales of last night, from which there was some recession, the feeling being one of nervousness and doubt. Then followed @ reaction and advance that was generally maintained until about two o'clock, when, the market being let alone, the bears rallied for @ final charge and succeeded in Sales of Hudson River secund | § depressing 1t from 3¢ to 1 per cent from the highest | prices. While it is said that there are shrewd men who make'their purchases on each Jall, and 80 help to re-establish the tone that may have been lost, there isa much larger number of per- sons who claim that the market is on the edge of a sharper decline than has yet been experienced, and that it will come like a thief in the night. Things may be described as looking shaky, The improvement of the day Was most observ- abie in Western Union, Pacific Mail and Union Pacific, The transactions amounted to 246,482, and the sales were divided as follows:— Western Union, 76,374; Union Pacific, 54,900; St. Paul, 13,800; Lake Shore, 35,360; Rock Island, 7,800; Wabash, 4,220; Pacific Mall, 21,400; Obto and Mississippi, 4,210; New York Central, 4,236; Erie, 2,200; C., C. and L. C,, 2,200; Northwestern common, 10,500; preferred, 1,100, The recent action of the Wisconsin Governor with reierence to the railroads passing through his dominions bas attracted more or less attention to St. Paul common and preferred, and developed a considerable quiet speculation, It was noticeable that the Germans were buyers to-day, and like- wise some of the brokers of the directors, and, looking at the Amsterdam quotations, there seems tobe reason for the demand, A seven per cent stock at 49 and 50, on which there has been no de- fault, and that is raided upon because of political complications in @ distant State, is one of the illustrations of the anomalous ways of watt | iz street. HIGHEST 4¥D LOWEST. The following table shows the opening, highest and lowest prices of tne day :— be ptent i Lowest. New York Central. 9824 9734 1274 3 S4i4 Northwestern. 433 az Northwestern ‘preferred 61 5934 Rock Island, 98 982% 973 Pittsburg.. 3% 88 88 Milwaukee and St, Paul. 83% 3246 Mil. and St. Paul preierred, oe 50% 49 Ohio and Mississippi 2456 23 New Jersey Central. 105}¢ 10534 Del., Lack. and Western. 107 10634 Union Pacific. 82% 80% ©, C, and 19% 193% Western Union 2% © 60% Pacific Mail. 44% 4236 Panama... 10034 10635 SALES AT THE NEW YORK STOOK EXCHANGE, Wednesday, May 6—10 A. po} efore Call. 600 she West Un Tel 31g ed 75 SSESGRE Beets 3: SEEESSELweEECee — EERE ‘900 wn 70% fas NY é 2 HRRR..83 97: do, 97 300 975% 50u io ® ip Fe 3 iD ‘500 %_ 100 600 43% 300 2 Se ib 8% 0. 435 300 33} 1300 4336 200 33 200 4354 100 37 700 43-200 85) ‘ Sx a0 3S: 80 3 ow 3 oO: 4344 100 333 20 4344 400 33: o) 20 33! 6” 100 44 400 do. » & 105, 105) 100 Un Pacific RR... BI SUU 1 lo do. + 3% 100 2 309 Si 800 24 300, B15 200 By & ae 1 20 Sig 10 Cy BL 10115 and 11:30 A. M. $1000 DS oe os 6B, «66 uy CI OF 5.50 Mig 0 Us 50 88... 1S 8-20, ¢, "68. ‘io bi > B's, 6, "dL. 200 shs H & fs! JO DE. owe 30 LS &M 8 RB....b6 2: 100 400 Va : 90 MoO. H & StJ'is on) Ib 900 ont & 30) Di & 30 1» on hi & 500, 1700 300. 2400 su 40 8 0 ‘ 200 Un Pac itit 10 105. 200 Sie a da. im: ie 3 fe ww 2 sussesesee SESSSSSESSSESESELSS cesesZeccesee: SSessesel sedate t ES2ESE—E: 41 2u wo a 4“ 23} 2 ry Pe m7 23) 200 97 2B ei 3 4 H Be 38 s 21 Stoningion Rik Mt d& Udo ph... efegs 2 2P.™M. $5000 US 5-20, o, $5010 U S 5's,c, '81..... 115 1000 US 6-20, c, '68. $1000 Tenn 6's, ola ‘00 Tenn 6's, new 4000 Tenn 6's, 0, e: 1000 NY Cen tsi m, ¢. 108 600) Un Pac 10's, ine.. 86 4000 Un PB eae mbe 86 4 1000 Gt West 2d m.be 77346 n 7's. tg 9g 1 400) North Mo lst ii.’ S38 20 sha Hanover Banik A bu 100 H &Sta0 RR. 100 an &8tJo pl.be 32 100 At & Pacific pf.be 14 BNL, CHLO AR..DO 19% P. M.—Before Call. Ld shs Ws Pac RR... ) jo. ™ chi ss 1) Cun & R ¥7 7% 10 do. PY io m Consoridaced Goal. 395, 974 aN EO C&H KR BR..88 975 wR : 98 200 33 60 3 4 Ba nit esheets Ree 21230 to 3 P. M. 500 shs LS &4MSRR, 74: IO dossecressnecad Tash SISIS SSS 33a wi ami pias ttt Aus: OLOSING PRIOES—3 O'OLOOK P, M, Tropa Beka 76 8 ne cy & NW pret, 6 0 & ee ate Soot an re 2 Pal ‘ane a iw He i ft Rie iy: bs) Cotton Dull—Flour Dull and Heavy= oat Lower—Corn Steady — Oats Firm—Pork Firm—Lard Lower—Sugar Firm—Coffee Quiet—Petroleuam About Steady—Spirits Turpentine and Rosin Firm—Freights Firm—Whiskey Easier. WEDNESDAY, May 6—6 P. M. The merchandise markets still ruled dull and there was a further considerable shrinkage in values. At the Produce Exchange the markets were quite generally depressed, Flour was dull and heavy. Wheat was heavy and lower, both on the spot and for forward delivery, with free offer- ings at the decline, particularly of cargoes to ar- rive, Oats were without decided change. Corn was steady, with a fair demand. Whiskey closed easier. Pork was quiet, but firm. Lard was quiet and easy, Cotton was dull and unchanged for ‘‘spot,” but easier for for- ward delivery. Groceries were quiet, with the ex- ception of sugar, which continued in demand at full Petroleum was quiet, but about steady at yester- Pacit ew York Con. Erie. Harle Lake Shore... i; Union payee Ca. aN prices, day’s decline. Naval stores were firm and spitits of turpentine in better demand. Corton on the spot was dull of sale and nominal in value. “Futures” wore moderately active at @ decline +| on private terms, To WN, Orleans, Texas, 11-16 1611-1 a i _- \igies fort 3, 90) at tad 1,900 at 17 Heit se pie a I7er otal $900 bale 6,100 Grand ~chaigo—Jyo ail tocaeh e510) May fo Saher various rere, a8 1OM0W8 :— de. 5 wi yee PH <j an coup To gBremel, by bee Tere no transactions reported from first han t several were penaing, Tne Jobbing trad Sed eines tone of the, market ber iter. ra ry cargoe: 5c. de 18%e, & lde,i gova dor dc. a 19340. ; ao So extreme range tor isi 1, 6c. ae ‘be vice ninety days’ credit; Java, do. grass inats, 4c. “ae Fatman thee ee st, Dominga ny Te aie: 8 eae om! mace Ic. a ‘ort ico, 20! a ye ‘ost ‘a 22sg0.; Mexican, @uife.; Savanilla, Ider Curacoa, 19. a atc, sold, ber ib.. saxty and ninety days! credit iD a far Ne ga eyton, 3c, FLOUR 4 Guaix.—-ceceipts—tlour, 7,400 Dbla, ; wheat, 108,140 bushels; corn, 58,700 do, ; corn theal, 200 pois. j outs, 12,800 bu: he flour market was exceed: dull, and Prices: ‘auded downward. The sales since Rey re- port foot up about 9,000 barrels, inelnding all kinds, at prices within the range of our vali ions. Corn meal ‘was quiet, but firm. sales 250 within the ranj former Prices, We quote: a we eee . a 60a 625 6 25a 660 Superfine Western. Sia bm Extra Western. 6 25a 6h) 6750 80 6a 650 70a 750 bia or a Bt Lous straight extra, Ta 7.75 St. Louis, choice donble oxira. 800 a 850 St. Louis, choice family. 8.50 8 10 50 California, Nominal. Ryo flour, 45) a 600 Southern, 40a 500 Southern super! 50a 590 Southern extra, 6400 825 Southern tamily 825 a 075 Corn meal, Western 4250 450 Corn meal, Jerse: 4lba 425 Gorn meal, B: 40a 475 {isa 44 va —Wheat wasin tair ‘arrivals nea: ak at hand and tree offerings near at nae rices Were lc. 2, lower. The sales were 175,000 bushels, ‘at $1400 $150 for inierior ung at and No. 3 spring; # 5L a $1 04 for Nos Cveago‘and Northwest cloning at 1 52 in iene and A atoay ;,$1 57 a $1 58 tor 2M: sota and Milwaukee; $1.61 a $1 63 for No. 1 te: sniter Indiana, amber Michigan and Canada clal ak Cael 52 for vt ater) to arrive this month. SE: . Oats were in demand and firm. Sales 70, bushela. at Ofc. a Gtige, for Western mixed on catial; 65c. a 85140. for do, in store; 67c. @ 67%(c. tor do. afloat; 68c. a 7Uc. for choice to fane, nite Western. Rye Par aulct and steady; 10000 bu-nels of Western, and Stale sold at $1 10a $f 12, - Burley remained dull; 10,000 bushels of Danubian sold last evening, to close out cargo, on private terms, Freicuts.—There has been a freer movement in berth freights to-day and the market remained firm. Tonnage for charter was also sought after by the grain and Petroleum trade, and the vessels closed were at about steady rates. The engagements include el Aud. by sail 60 tons of bagged oll cake at 278, bushel of wheat at Y4d.-°to London, by stan 8000 bushels of grain at 13 a id. : 48 logs Of satin iy 40s. ,anil, Dy sal, 16,000 bushels of grain nt Set. 8 4d the higher tate for shipment next week 100 bbls, Hour 28, 000 bbls. oll cake at 3x. and 1,000'oars at 38, 8d Y Means ae bushels" ct grain at Lid. Bs. re Dublin, by steam, 56, @ at 93, per quarter, To Antwerp by gall, 10, io) bushsis of genie, by steam, 60 hhds of tobacco, at dts. and 125 casos Ofdo. at dv. The charters comprise :—An Austrian bark, hence to Cork for orders, 2.90 quarters of, graim at 78. dd. an Italian bark, hence | satne voyay 2,300 quarters of do., at 7s 3d.. short lay day. age erday—A British bark, henee same voyage. vith 4, juarters ot grain, at 7s. td., and an Ttalian bark, with 2 |guarters of do., same voyage and rate. Also to-day—A brig, hence to, 8-ookholin, with 2,100 bbls. of naphtha, at '6a 3d. Rumored— Froneh' bark, henee to Lyuumen, Norway, with 00) bbls. ot refined petroleum, at Motasnzs.—The Jobbing trade was moderato, both for domestic and foreign: but otherwise the market was quictywith former prices current. ‘We quote :—New crop— Cava, centrifugal and mixed. 29, a 3c, clayed, dio. muscovado redhing, 3c. Yo.. do. Freseny make 4 45e.; Porto Rico, Te.; Buglisn Is: nds, 30c. a 50c. ; New ‘Orieans, 0c. a ‘Navat Storsa—The market for spins of turpentine was more active and closed firm, with holiers asking — ody merchantable Neti) but buyers were not dis- te wer re, The sales ware 2/9 bbls. in, Lota Hi (git al ‘bbls. at aie. Rosin hahos © geri and steady, : for strained. have only to Abte’s sate of 00 DbIAY strained,’ at $2 Tino finer grades were Not deaitin, but quoted at previcus rices. Tar was inactive and nominal. Pitch sold in opbing ol at So for oly. arket for refined was quict but about sendy, jt ie cloung price of ted of 4 at 15c., spot or ‘Sates were reported of for first bait of month, aise, “Crudes in Duk, W nd quoted ominal at 6740. for lows on the spot a and 7e. tor iu. ure delivery. | sales were reported of 10,00 bbls, {or July delivery, at 70. noted steady bye. a sdles of 2.000 at the, Ii her price. Raphtha Feimalned nominal at 8%. a8%c. The et was inactive but firm. kefined quoted a for spot or month. Later we heard of sales tn Mi Sbiar of refined, Tor inst hal of Mav, at ioe, wad 250) bbis. of naphtha. ior prompt delivery: at 8c. At i prod ts the market was quigt and wD $1.9; Petroicum Centre, is, $B 8 $1 85; Tdtoute, $1 35, at Parker's $1 $1 8) at Uniou imo, al 75 at Uated aad er lines. PRovisions.—Receipts—Pork, none: beef, 5 package: cut ments, 901 do- Safar Li Dbin and Hetces "Phe tee ‘Cases were mained very quiet, of long clear at 1 quoted ian at 7: ‘e note a sale of 75 boxes fe. Dressed. hogs were quiet, but jc. for the range of ref Beet—a ness was consummated in a distributin, prices. Sales, ae ie feithin the range of, the tor pri donde and Beet ‘Nams—The market wae dull, but values were nominally unchanged. 8: within the range of $16 9 $23 a $25 oe first ies teas Yate of Sere, a He meats—The market to- day remain same. We ed. th heard of sales of Ag iekled hams at if Hee. ‘per I; Wo do. shoulders at 73o., 1,00) smoked shoniders at 83%. per 1p, 1,000 do, fame 9a iz ts. aS it 12ie. a 1Skge. NOW free, hate at 10sge. per uly at L0%o. a 10 15-1 ana cheese suet withs Paty demand | at Crean ‘unaltored prices. Sucar.—For raw 81 the market was moderately wae and firm on the! asia on ey ‘a 8c. for fair to good 1% muscovado. We of sales of Tada Moe £9 ta refining st The. 5 1%, phhds. maged juscovado, 2gCe of Martinique at A inde Tee. a TMG. of ‘molasses susar atic.; 450 ‘Ahas of Porto Rico at 8c., 130 hhds. of common do., on private terms, and 125 boxes of mo- wore sugar at 7c, Refined met witha fir trade, and was juoted as tollows:—Standard “A's,” 9%c.; granula ie good i crushed and powdered, 103¢c. a 10iec. We quote :- Refining, Pie cates 630. - prime, 7%. ic. 5 prime to choice, § 5 fnivise and ‘boxes, Nos, 81045 band boxes, Os0' 75¢er; meladort ene a rye a kt Nos. i 0 9% 4c. jes 45 tlerces of Carolina at 7%c. to quality % bags of Patna of Rangoon at 7c. a bead ‘Sreantne.—The market was active and free, Sales tlerces of city, for June ye Abe at il%e. ; 250 tierses of of iy al do., at 12c., and of city, on the spot, at SiLow to the extent of 120,000 Ibs., at 73 Tigo racine ity coed eT eo : ae HiskEY.—Receipts, 58 bbls. The market close Pergalion easier, at 97c. Sales, 260 bbis. at 970. A accord! in 200 DOMESTIO MARKETS, GALVESTON, Ma yi Cotton dull ana irregular; good ordinayy Bee middling, 17séc. Ne 1 bale: E: Great Britain 8300. ‘Si ale ei pales, xvoris io w ORLEANS, May 6. 1874, Cotton—Demand tair; milan Ni 4 Apts, 606 ‘balea; arom, 740. Kexports ‘6. Grohe, Britain Bet Sales, 2,000; last evening, 2,300. Loh byte May i Cotton, firm, fair demand ; midaiing, 1eixery low a dling, 16X68 ‘a 160. ; good ordinat AY, 0, Net a rrcelpt 37 bales.” isxports to Great, Britain, Sales, ish asian Savawnan, May 6, 1874. Cotton quiet and steady ; middling, om Net Fooet ta, 92 bales ; gros, 8. — Great Britain, 1,948 Sales, Th i, 30,111, ILMINGTON, N, Gay Ma 1874, Givin gle a 8) oSig 96 pean LR eh ei aa for. turpentine steady at aS i dip; argentine mandy ae 94 a5 er igh a for yellow aip; Flor unchanged. Sales 1.100, Dyin ar'$t 76 or ho. Be ing, $87 or amar Wnter, 90.3 tor aa ‘rin acount io. 1 aliwagkes Sie toe : eon an bee ae Bae ‘anchany ak interes on, Teor Ye Serio ‘burg, to York. “k Railroad sf eihks Float to 2 Bostone bie 5yc.: to New pare see 00 Forty, fa to ae any 60. te—10, wh 100 feet of lumber. Canal ship ie 3 Ae RS ‘phshel is we it, sa bushels corn, 1,096,000 Toot of iutaber, x 619% Imports for the last twonty-ur ar hota parrals Wy 92,709 bushels i Dushels; cor 98 dort" ont Tad aaicar tain catia tat if oes eanal Opened about a week too, cary, for lake wer cf Teg Te tite, ‘wlaver, $8 25. & fe ber wil mn bushel: hi Ay hl si'7'on tracks une do fe baa NOL sales at $1.45; Milwankeo Nor wring hela at Oty Tea ro inter #1 aba 81 Wy white pa id Ge NEW YORK HERALD, THURSDAY, “MAY 1, ‘1874,-TRIPLE ‘SHEET. . a, Flour quiet and une! needa, uae Pod Sate ata A he a 0 No.2 Corn fied dem ak, eee eeael of No. 2 mi (C., spot ; 8 Oi6c., 3 Bige., July; % i xed, afi Ee Outs oe nd alee By Page ag | Pe , ye steady at Xo7, eine stor a fork quiet and Slo 30 spot; $16 i in fair athe. F; corn to Buffalo, 4 heat to don hc. t i too ton, sae.” Hecelpiss S00 tole Moke wheat, 87.000 ‘do. corn, 44,000 do. oats ant do. Y aghttpments-10,05 bbls. Hour, 208,000 bushels wyneat, Ree corn, 100,000 do. oats, 1,000 do. rye and 2,000 EUROPEAN MA \N_ MARKETS, Livsr7oon Prone Manner. —Livenroon, May 6— Evening.—Common rosin, 64 9d. percwt Spirits turpen- grt ‘Prop oa Pit, oan L May 6—Eventi: pox Fropuce Manger.—Lonpon, Maj vening.— Linseed oll, £28 a £28 $6. per ta 4 * pl act ahr is FINANCIAL, Aue REASONABLE RATES—MONEY ON LIFE AND Redowment Insurance Policies, Mortgages and other urities. Insurance of all ki nds effected with bei companics it J.J HABRICH & CO,, 117 Broadway, vauUsT BELMONT & oo: st W Bankers, an iy ua str issue travellers’ credit avaulablo in all parts of the world, through the lessrs. De Rothschild and their corres} males. Also commercial credits aud telegraphic transfers of money on Calitoraia, Kurope and Havana, A —TRUST FUNDS . to loan, for five on Nex, York impro' ears, P property. © per een? commission, CALLEN! R & LAURENCE, 0 Pine street. rd COPARTNERSHIPs, iW YORK, MAY 1, ee. JAMES has wis beans Ne ar at day ees tt eect ee amend TL NWS, r08k, Mar 1 157M. noni ae will be if be coutinuea by ‘the’ remaining part KMAN BROS. & HOLLINS, UINTARD IRON Queene fiat in our firme, Puy ogee Tits COPARTNERSHIP Dameae t ina RF ere Anim pH _Naw Yon«, May 1, 1874. MAX BO! TSB COPARTNERSHIP OF SRUMMLOOR 4, voors, Bilis ri collectall debts of the vista ‘firm, May, 1874, # voor! rm this. pa SE KS, Lyf Ps otae LA ane oe name i ante ail claims against the Beis Kine Rosser ‘oats 184 Duane strect, have Ni nw Yorg, house ei thet capit enc oftica, A SHjcl WILL SELL A SHARE AND P + as Treasurer in one ot the most Cet cs ilous now teaveliings Appiy in poreon to HOW Great Jones street. itocks than in auy icaltng athe ‘tag or iat mveee, corner Broadway, New York. an agent or ‘communteations confide! Nn AARON A $80 TO $i $100 CAN BE Ldn MORE Rory ed in stoc oman | fully explained by pempnh let; free. TUMBRIDUG A “4. BALTIMOREAN WITH San rad Wig, a branch connection with some artner; state ed; comm sre W required. Address L ¥. B., timore, Md. A STOCK PRIVILEGES $8) FOR i SHARES, $100 + for 100 shares of any stock at lowest market rates. The only sate method of oper. ning in stocks on limited caplial fully explained in B parol let; delivered free on application. TU 0O., Bankers and Brokers, Wall streot, corner Broadway, Néw York, Ags —S8TOCK AND ooeD a er ela ag FOR 100 «stares, 3) days. $400 for Double Privilege: days: S00 for S100 vol gol sh anyse ‘ali on members o xchange; Stocks, Gold and Privileges bought and sold on commission. Gall for ex, lanatory Circular and quotations. HAZARD & MONT. aU is, No. 6 Broad | street, A —STOCK PRIVILEGES.—THEK WALL STREZT » REPORTER, containing a full report of the oper- ations of the past week and explaining how large profits are made in stock epeculations with but a small risk of loss. by investing fror to $100 in Double Privilege: Will be mailed tree to any address by L. W. HAMLL' 4 CO., Stock Brokers, 43’Broad street, New York. LEXANDER FROTAINGHAM & COMPANY SECURE \dditional capital for miners, manufacturers, mer- iso organize incon porate 1 companies, make m- vestments for ca) een and transact a general bauking and commission. ALEXANDER FROMEAGHAM & CO., 12 Wall street. A —MONEY TO LAN, nr SUMS OF $m AND UP- «wards, on Bond and Mortgage on New York and Brooklyn improved Vroperty. Apply to ¥. 8 DItIs- COLL, 2 Pine street, room 1 whi A M. JOHNSON & BRO., 160 BROAEWAY.—MONEY «, to loan on New York or Brooklyn Property, ne out Bonus; Second and Leasehold Mortgages cashod. Those desiring money will please call. ‘A. Widow LADY, Age 28, OF GOOD ADDRESS, refinement and education, would like a gentleman Of means to assist her. Address E. F. G., Herald Uptown Branch office. A‘ LARGE AMOUNT OF MONEY TO LOAN ON BOND and mortgage ; no bonus,required ; or will buy good lortgages. 0. G. BENNET, 111 Broadway. room B, basement. ADDITIONAL CAPITAL PROCURED A for merchants, manufacturers and others. Real Esta exchanged for busines. Mining Interests, &c.. negoui ed. Persons with capital seeking business advised of a proved opportunities. Keferences:—James Van Seoon- oven, Hag. commerciat paper, ¥e. 60 Wall street; J. B. Sons, tancy hi Wigus, CARLETON © CO, Financial and Business Agents, 98 Broadway. A WMONEX, 10, LOAN PROMPTLY UPON | BOND + and mortgage on first class city Real Estate; also iarge Mortgages cashed, | _K. STEVENSON, Jr., Il Pine street. Cot aie WAREHOUSE CO—UASH CAPITAL, 0o0—Oftice, 29 William street, corner Ex- change: place; warehouses, Atlantic Dock Brooklyn. Cash advances made on first class securities on ‘demaud and time, Cash advances made on all kinds of mer- chandise stored in oes own warehouses or consigned to us on favorable term Spelman MOUR, President JOSE Ff. NAVAN, Vice Presidont Jus BAIRD, Second Vice President. FELICIANO LATASA, Third Vice President. Pavl J. Armour, Wm. D. Bowerman, — 0. H. Jose F. Navarro, Feliclang Latasa, Henry B. Hyde. John Baird, omnas Murphy, WILLEAM TOBIN, Superihicident of Warehouses. _Jastus Ciyne, Secretary. Qecstas, TIES: AND “STATES DESIRING TO consolidate their debts and to obtain tunds on new | loans can make exceedingly favorable arrangements by addressing FINANCIER, box 3,919 New York Post office. NLAINS AGAINST JAY COOKE & 0O., TO A LIMI- ted amount, will be purchased by MORGAN, HOLMES & BROOKE, 35 and 87 Broad street, N. ¥. XECUTORS’ FUNDS TO LOAN 00) IN SUMS to suit, on first class New York ci ty propery will @iso make building loans, Principals ad EXKOU- TOR, vox 1,241 New York Post office. Juan J. Jova, we & CO.. BANKERS, 6 WALL STREET.— A Stocks, Bonds and Gold ‘bought and sold on com- mission ; interest allowed on deposit: drafts on all prin- cipal cities in Europe in sums to s1 | tor business by addressing | view ; ret exchanged. Delamater, | IK lew ; references exchangi | A MAN, WITH $2,000, TO TAKE AN INTEREST IN, & manufacturing business. Full ulars of FRED, W. SYKES, Business Broker, No. 5 street. RARE CHANCE TO PURCHASE A FEED AWN! < vat nae Store, centrally located ; it must be nat - ___. W. WOODRUFF, 32 Myrtle avenne, Brooklyn, MAN WANTED—WITH $1,00) CASH, TO 1 A Hairimterestin arse Slam grocery | 26 risk, 50 op Position ; Investigation desired ; particulars \URION & OO., 697 Broad’ wan reo ! FIRST CLASS DESIGNER OF LAMBRE who understands the upholstery Dasunsee jome capital preierred) may heat ot a good .. eral ptor A PROFITABLE INTEREST IN A VALUABLE. manufacturing patent, or interest in the te paying over $100 weekly clear and increa: with $2,000 cash can address or inquire of J. 176i ry 18s Sixth avenue, above Tent street, over the drag store. ——— AX ESTABLISHED AND PAVING, FANCY! PRUINy Confectionery, &c., Business; pest ners nin Brook lyn; excelent stock and fixtures; arn rh free; very cheap 0 a cash cuswomen at Te bare clay street. LADY, WITH A CAPITAL OF $25, OAN BE Len tablislied in a light business, learned in one can make at least $25 per week. 17 Great Jones af (SAFITAL WANTEDSIN A GOOD PAYING RUBE. ness of twenty-five years standing. Call at No. 136 Worth street, up stairs, NARPETS, OILCLOTHS AND MATTINGS.—A P, nd ner, with a moderate capital, who fialerseande aro aad pele 4 Ruble is Ry oh very ens. be pa tunity ins leading avenue. Address, with partic M, Q., Herald Uptown Branch oitice. hd OAL BUSINESS, GENERAL COUNTRY STORE AND farm at station on Erie allway, in Orange county.— Qu account ot owner being eryppled. wilt he sold ats bargain. US 0 Broadway.” INE HOTEL AND STORY PROPERTY—PAYING pa td Pet, cent near, olty on, the Hudson; perfect order: small amount HE! ERBiier, 224 Seventh avenue, OR SALL— A rare gpbortanity for for a businger: man with capital— the Lease. lock of the well known 1 - cated Store for fine. groceries und cholse wins cigars, &c., of the late Hugh B. Jackson, No. i avenue, between Twenty-second and’, Twenty-thir streets. Apply to the executors, at the stare, from 5 to” 01 FURNISHING AND CROCKERY BUSINESS | for sale cheap—Would take one-half cash, balance trade for city property; stock about $10,000; 5 years’ lease of store. Apply on premises, 687 Sixth avenue. ARTNER WANTED—WITH A FEW dollars, to extend the business of an estab end well known manufacturer of perfumery; ge ta at Acdress WES! box 2) Herald office. ARTIES WISHING TO MANUFACTURE NEW articles of real merit, with large Protite, rogal small capital, please call on SIMPSUN & Cortlandt street, bd Pena WANTED—WITH A SMALL eae $3,000 to $5,000: call aud inreeents the Patented and no compe:tuon. DV. BROW rth Sith street, D Cokinn ARTNER WANTEO—WITH $500, | TO ete charue of 4 business established, sea’ tg books finances aud selling goode. Address D.) Post oftiee. QTATE RIGHTS FOR SALE-OF A VALU. patent feed water heater, ego cold, bas degrees and Cy tre | nearly ball supply saving a great deal fuel and water; e ggnetiastoe and space occupied. Address D. LIN, Fall River, Mass. I ALWAYS me MONEY TO LOAN ON GOOD NEW ; York city Morenaee, without bonus. Principals de- siring TO BORO Re tira appiy to . L, GRAN}, 1 Pine street. OHN 8. PIERCE, 106 BROADWAY, HAS MONEY To | oJ loan, without bonus, on New York and Brooklyn | Real istate; also to purchase First and Second Mort- gages at market rates. ‘ONEY TO LOAN—IN SUMS ee be ON NEW York or Brookiyn property. No boni UHAS. PIERCE, No, 5 P Fine street Room Il, Maer bls ha Mod fe. TMENT YOU CAN MAKE I8_ IN the Hub! rr Brick Machines runs Yoot's yard, Werthnuce Long Island Ratiroad, on Saturday ahd Monday’next, Take morning return same day. Geo. W. eeler (on {elewrap! furnish conveyance trom stetion to the yara, and with profitable trade; owner desires to. aa J Yas, CARLETON & CO., 98 Broadway. . Mon TO LOAN—ON IMPROVED PROPERTY, New York, Brooklyn or Jersey lk large Loans We ae SOLD, FOR $2100—A LONG Bet lished teen ry) Business, in active oj will remain with purchaser until goquainted tomers; city, property taken. Apply VILL SELL ON BASY TERMS, PART OR Mad ponee ofa light manntacturing business at actual State, Claim aud other securities and cash exchanged for city or suburb Real Estate; elegant $50,000 Country Seattor sai6 turnished, Ma Wiel m WOOSTER, SHERMAN & CO.. EMOVAL.—H. L. GRANT, FORMERLY OF NO. 53 ‘Exchange Piace, has removed to No. 11 Pine street; money always ready to loan on good New York mort- gages, without bonus. QOUTH CAROLINA BONDS, ‘The Treasurer and Comptroller General of Pout, Carolina are in New York for the purpose of ng fecting peat for the execution of the Fundii pe ay t the last session of the Legislature ot that sthey, will be pleased oy meet the bondholders Nats Se | State at their room, No. 5 Astor House, from o’clock P. M., for the irptde of imparting any IL tion that may be desires The interest on the, bonds funded dae July 1, 1874, will be paid at the State Me Columbia, 8. C., and Na- tional Park Bank, New Yor! RUST YONDS TO LOAN—-ON FIRST CLASS MOLT rages on erty only. 0 J. HE Bennett Building. ONY: APPIy Umer e & BOWEN, BANKERS, NO. 4 WALL STREET, New York City Se ana7s. Cincinnati Gs and 7s, Brooklyn 6s and COs i Jemsey Clty Gs and 7s, Toled Detroit 7s. Louisville 06 and Ta Grand Rapids, Mich. , 8s. Erie, Pa., 7. [ros LOAN AGENCY, 182 BROADWAY, MAKE loans on Keal éstate in New York ch and ‘Vieinity; algo purchase first and second Mortgage CHARLES Ke DEUTSCH. General Manager. E HAVE TRUST FUNDS TO LOAN FOR 10 YEARS hola (Cd Foret 0 money for Brooklyn, Lease- and‘secoud Mort 4 ay 8 N & MERSBREAU, 8, PMA) 52 William street, Union Buildings. 7E HAVE FUNDS TO LOAN—FOR FIVE YEARS, ON elt ind Leung n Prope: also for the purchase ry hh eeagaare eal i ‘ARD & SAVITT, 54 Wall street. we ARE PREPARED TO ATTEND ae KEGISTER- saat b pect net bonds and fundin; ne the past due yy of the Funding Law will be Cie gratis on i tion; the Interest due July 1, 1874. will now be aa us less @ rebate ace pers sane, Third ‘National Bank, ‘at Nash: le. ? Natio We refer to Importers and 7 al Bani New n York Bank atthe Sianhatean { ‘Company, ‘New York? ‘$iv0, 5 Some, WO footed oper, rorth 4 as much as loan requ: 0 er cout gentaly gO ‘wanted: In various gums, for Avera) discount dates Be Apply NOT ROOS oun ty apply to vo. rieusry f CO., and 66 Broadway, Now York. SY oy 10 PER ORNT nd City and County Bor nee, ita ‘allroad Stocks. Also other choico Stocks and Bonds, pay cent, at the lowest “ALBEiR xatee, NIG sale WANTED—ON BOND AND MORTGAGE, $5 5.500 on store Proper ¢ Bytes pies ss J Astoria Lily | the worth $15,000. Apply to store. $15.000, fie om tng mansion and” outbuiatogn, Yeneon '-"" RUPUG Ke MOHANG, 18 Brondway” $3: (000 tage: tnrenme to suit toatenelt ‘or fee simple. ‘Address CHANOLLLOM, box 265 New York Post TO LOAN ON FIRST CITY MORT- rhe tone Lessahora and Second Mort nm on Brooklyn property. Ap- NOLO MAHI 2% Park row (Bxpress $240.000 gages wanted ; RENO Bi to $250. 0.00 is city Beeokiyn oF-on Farts tn ‘estchester oan wey yon prea Ws | patents, ties which large ferred; Second Mortgay value. Good cash Liga ay fits, Good reasons id DoE BARTLRS, 48 Pino street. for selling, UKGAN, No.8 Duane sireet ONEY LENT UPON GOOD SECURITIEG “LOANS | WTANTED—AN EXPERIENCED BUSINESS MAN TO ‘heqotiated: Business Paper bought and sold; $7.00) invest Fad od 8 long, establi yore @ Position o} Address BUSLN box 2,631 Post fice eee ‘ANTED—AN Al ACTIVE PARTNER, ye $10,000 IN. W “Tasty to tadage che Auauces ore we lished, safe, legitifante and profitable eauutectert securing at the same time an interest im very profits have already. been de- ‘monstrated. y the Tages to be known to be a) apprec ek cee rl ac ations prompt t attention. 550. () —PARTNER WANTED—FOR A FEW DA‘ $ to redeem Node ato i of a nal po &c., pledge; large and will be divided. For interview, address. DH Herald office. facturing busin FOR THE EXCLUSIVE RIGHT OF TWO valuable eR $2.5 00 automatic “Book and P: aber Clais 3 wil average $5,000 per month, Patented by J, 133 Nassau street. 10. 000 —WANTED—PARTY TO INVEST ae '» amount with me in purchasing a alo and retail business, which | have been, trylng. year in view of purchasing; am satisfied ai invest; rare opportu quired, ‘Address’ tL isstiea, cago, Ul. 20 nae igen a ” BBAL ESTATE, There was a fair attendance at the Exchange | yesterday. Two auction firms, by their announce- ments, contributed to this result, Mr. James M, Miller sold, under the direction ot Nathantel Jarvis, Jr.,a house and lot on Fifty-third street and one lot on 1284 street, and Messrs, Bleecker, Son & White disposed of, ‘under the direction of John & Patterson, referee, unimproved property situated on 127th and 128th streets. Also the premises No, 176 Lexington avenue. Annexed are tho full pare ~ ticulars ;— AMES M. MI we i PROPERTY BY J: LLER, we 14s. Dob and t 5 Bf OF B90 Bt 30 ES a’ yt as E. M. KER, SON AND WHITH, bad of 127th st., 125 ft. w. Fy ini oo iler, Gloughenbourgh & Pee! me 1a7th bers 875 It. Ww. of Teh 139. DED. and 1. No, 78 Le ‘av., w, 8, 186 to's. of dist st, ot 10,964; siti sleedeeceas LB TOO Mr. V. K, ctavenee. ota om oe. i 18,000 has sgid three th @ ° ol av., toget AL feted coche ome ete 1. A, of Toth wl 102.2, for. Betas pewter, big of whey; Hy flowin ake ME. V. M. VARMEREN, FORMERU) fetta Rae east at ene wit open ‘ms her t ie Kestaurant to-day, up town Ot West between Broad FpEMOVAL—TNE REMINGTON S8WiNG MACHINE wed to thelr by Reso difon square dcurta's Art Gallery j HITE ARBING, AisOuintya, HOU by fat 4 Wa ya t moines USAND =~ ined an 1 reterence given be james a BEEK. “*s } i