The New York Herald Newspaper, May 15, 1874, Page 8

8 ~ PINANUINL AND COMMERCIAL. | Coin Wanita the Corner Stone of Our Currency. —_—_-—_—_—_ Sudden Decline in the Rates Toans at ) and 2 Per + GOLD STEADY AT 112 1-8 A 112 1-4, The Stock Market Dull and Weak. of Money— Cent. WALL STREzr, Tavaspay, May 46 P.M } Uniess the Senate Currency bill, now under con- sideration in that body, contains on its final pas- wage by the House the clause providing for re- @emption, and for the accumulation of coin to the end that the country may eventually resume specie payment, Congress is wasting time, for we shall then be no nearer the grand object in view than now, Practicaily the bill means both expan- sion and contraction—expansion of the bank note eurreney and contraction of legal tenders, It will answer the demands of the advocates o1 free bank- tg and ofthe infiationists. It will afford opportu- nity to capitalists, here and elsewhere, to engage tm banking under the most liberai provisions; but ‘without specific restrictions upon the fresh issues Permitred, without giving to our “promises to pay,” new as well as old, the strength and credit ‘that attaches to ultimate redemption, the bill will Prove nearly if not quite as faulty as its vetoed predecessor, RAILWAY EXTENSIONS, Some of our large rallway companies have failed to learn the lessons taught by the recent panic, | ana instead of retrenching are, like the national government, rushing into fresh expendiwures, | While the mass of the people are engaged in solv- | ‘ng the problem “how to save,” from kitenen to | Parlor and counting room, Congress, withou: scarcely the form of debate, is passing bills of | appropriation that will swell our outiay for the | year to a figure that bas not been equailed since the close of the war. So, too, with not a few rail- road corporations, which, all unmindiul of the de- pressed condition of the industries of the country, are seeking to extend their lines for connections through sections which are aiready fully supplied. Tt is a question well worthy of consideration whether the present condition of the country jus- tifles the development of any great railway enter- prise, and whether, being developed, it will not be # long time before its projectors are rewarded with Profit, especially in view of the great compewtion already established, THE MONEY MARKET. Money was freely offered to-day on call loans at Jand 2 per cent, but the wants of borrowers were mot sufficient to absorb the capital seeking em- ployment even at these figures. Foreign exchange was dull, but bids fair to be again advanced. The shipments of gold still continue, and more are said wo be engaged. The nominal rates for bankers’ sterling are 4.87} a 488 lor sixty day bills, and 4.903¢ a 4.91 for demand. Continental exchange ‘Was quiet and firm; Reichsmarks 95% a 96 for bank- ers’ long and 96% a 96% for short, and prime Paris francs 5.13% for bankers’ long and 5.10 for short. THE GOLD MARKET. Gold commenced its movements to-day at 112%. wold at 112, then recovered and closed at 112\. | The rates paid for carrying were 1 to 3 per cent. | The bids for government gold at the Sud-Treasury to-day amounted to $5,465,000, at prices ranging (rom 111.63 to 112.10; 112.02 was bid for $1,000,000, | The steamer Westphalia, for Europe to-day, took Out $800,000 gold coin and $175,000 silver bars, CLEARING HOUSE STATEMENT. Currency exchange: Currency balances bo] exchanges. jd balances. . cen operations of the Gold Exchange Bank to- @ay were as follows:— Gold baiances.... Currency balances. Gross clearances... THE FOREIGN MARKET. ‘The Bank of England directors held their regu- lar weekly meeting to-day. No change was made im the rate of discount, Money in the open mar- 2, S06saUF | 48,499,000 | pe. ito st. spas: Ser, tiie ‘ Clev, P & A new dds. Dewalt, Mou s Toda ‘THE STOCK MARKET to-day, if ite general duineas be excepted, was without feature. The opening was made at the depressed prices of the close yesterday, and, save afew temporary fluctuations of from % to % per cent, continued to exhibit weakness. The causes Reretofore described still prevail, and they will do So until some bright morning a@ half dozen bold operators with good financial backing enter the field for a bull campaign and will force prices up- ward as rapidly as they have been pressed down. There 18 yet nothing im the market to provoke outside buying; for, while prices seem to be low, operators have go olten been caught under similar conditions and have lost their money that they are not encouraged by a situation which hourly gives evidence of its subjection to individual power. The transactions to-day amounted to 157,411 shares, of which there were s0l0—Western Union, 47,000; Pacific Mall, 13,900; Lake Shore, 23,120; Rock Island, 2,010; Wabash, 7,600; St. Paul common, 4,950; Erie, 200; C.,C. and L C., 300; Northwest common, ¢,920; Union Pacific, 32,000; { x Hannibal and St. Joseph, 1,000; New York Central, 5,800; Panama, 1,155; Ohio and Mississippi, 7,350. THE RANGE OF PRICES indicates less firmness even than yesterday. New York Central opened at 97%, went up +, but closeé | at 9734 ; Canton sold at 55 a 56, Western Union at 70% B70 @ 69% a 70%; St. Paul common at 3314 @ 83% & 33% @ 38%; preferred at 53; Pacific Mail was active at 43%, selling down to 4234, clos- ing at 42%; Lake Shore weakenea from 75% to 14%, but recovered to 75% a 76%; Union Pacific sold at 27% a 27% @ 2% @ 27%; Rock Island at 96% a 97 a 9634 @ 96%; Northwest common at 42% @ 42% a 41% 242; Wavash at 37% @ 874 036% 8 36%; Ohio and Misstssippi at 22%; @ 23 a 22), a 23; Hannibal and St. Joseph at 26% a 25 a 253,. HIGHEST AND LOWEST. ‘rhe following table shows the opening, tell | end lowest prices o/ the day:— gen ee or aes 7 7h New York Central Harlem. Erie. Lake Wabesa. 4 Northwestern 42% Northwestern preferred..... 60% Rock [stand 96% Pitraburg. 87% Miwaukee and St. Pani. Sg 33 Milwaukee and St. Paul prel. 53 Ohio and Mississippi. 22 New Jersey Central... Del., Lack. and Western. Union oe he MEMORANDUM. ‘The Chicago and Northwestern Railroad Com- Pany’s comparative earnings for the first week in May, ending on the 7th, were :—1873, $221,659 25; 1874, $237,752 53; total increase, $16,098 28, From June 1 to May 7:—1872-3, $11,702,193 67; 1873-4, $13,293,212 56; total increase, $1,591,018 59. SALES AT THE NEW YORK STOCK EXCHANGE, | Thursday, May 14—10 A. M.,) Before Call. { SMiahs Pac Mall =H3 4 as os sseepee 2 wy) rT ry wo ooo Do 40) 300 ket for three months’ bills is 3 13-16, or 3-16 below the bank rate. The decrease in builion in the bank for the week was £52,000 sterling, the amount of | builion gone into the bank on balance to-day 1s | €72,000 sterling, and the proportion of bank re- serve to itabilities, which last week was 35, is Dow 74. The toliowing are iate London quotations:— | Console, money, 98 3-16 a 9845 do., account, 932; | five-tweary bonds, 1865, 107; do. dlo., 1867, 109 a | 1095,; ten-forty bonds, 104 A new fives, 104%; | Erie, 32%; New York Central, 88}; a 89, Market | quiet, but frm. | THE UNITED STATES TREASURY. The Treasury balances to-day are as follows:— Carrency, $9,930,000; coin, $88,330,000; less coin Certificates, $36,500,000. The Assistant Treasnrer | paid out $225,000 on account of interest, and $83,000 in redemption of five-twenty bonds. The total pay- ments by the Treasury on account of May imterest to | @ate amount to $7,871,000, ‘The internal revende | | Feceipis to-day were $414,525. Custom House re- | Ceipis, $422,000, GOVERNMENT BONDS. Government bonds closed steady at the following quotations :—United States currency sixes, 116); @ 116% ; do. d0., 1881, registered, 119% a 119% ; do. ao., coupon, 12114 a 121% ; do. five-twenties, 1862, Bs2e 3 100 1 a Si Peal p 100 Pac MSS Co. SESESESESELSECESLELE: at Ae 10) 415g 100 a4 100 Sy | 190 a4 300, 323, 100 57g 2% 363 36 Ey SRS! 2) 10:15 and aw A.M. 120 = us Iaggd ©, 7 , S000 Us 24,6, ea 12} CH First Board—10:30 A, M. 9000 CAN Wecet nds AF 10abs Pac M $8 Com 1 1000 Merris & Es ist in ie 3m" ao. i 3000 Brie 3d tn... + S000 Erie 4th mi. 2P.™. 9500) US @s, ¢,°81.,... 181% $2000) US 6s, cur. 11636 Second Board—1 P. M. SR.vs 75 et i ™*s0* bs 78 103 200 Pe! 102 wo 20 shs ia 10) Cas io a4 as sora is Spee 3809 ; 7800 a0 ei, Tw ol a Wy hs ee i sO) 10) 100 1 8 e 23 Py 0 20 Fg 100 43 tether ; 7: MO NY, Nia ii Ri be 132, i micp' eis RR....be 7. We Ohio’ Miss Ki.do 22! SEM RR be 74 108 .. ig 1 Bi I % 32233 West Un Tel. Quickalver ‘auton 2 Panawa, N Del Lack & W. iis a long ie Mal w 43, Sew York Cen” Cotton Firm—Flour Heavy—Wheat Un- changed—Corm Firmer—Oats Steady— Pork Firmer—Lari Steady —Suagar Dull—Coffee Dull and Nominal—Pctro- leum Dull and Easier—Spirits Turpen- tine Lower—Rosin Steady —Freights Easier—Whiskey Higher. THURSDAY, May 14—6 P, M. The trade movement continued slow in nearly all departments aud values rather favored the buyer, though there were @ few important excep- tions, Atthe Produce Exchange flour was dull and heavy. Wheat was less active, but prices were without decided change. The receipts were heavy, but the bulk of them went to fill contracts, though the offerings were liperal, Corn was in demand and prices advanced, the market closing strong at the advance. Oats were steady, Whiskey was firmer, Pork was quict. Lar@ was irregular, closing heavy. Groce- be ) ries were dull and nomial, particularly coffee and sugar. Cotton met with a Jair trade, both “spot” and “uture,” and the market was firm, | Pecroleum was dull, easier and to an extent nomi- | nal. Naval stores were quiet, with spirits ruling easier and rosin about steady. Freights were easier and quiet for accommodation on the berth, but there was quite a large business in the chartering line. Corrox.—Aside from the sale ot one line of 900 bales for export there was nothing doing in “spot” cotton except ‘@ small business, in lots, for spinning purposes. The mar- ket, however, continued very firm, holders genérally d¢é- manding a still further advance, For tuture delivery iair business Was consummated st irregular figures, market closing, however, at about yesterday's rates. We ye s— ae Alabama. N.Orteans. Texas. ordinary... BH 5 kirict Food rd Hy wee re Middling.. ik i Ig. is* Good TBs 204 We Some auotations are based. on chiten totem Funaing in quality not more than half aj rade: ‘above or below th grade quoted. The sales wei Yo 2 900 Bossnmencen 36 ie Speculation — transit. 375 TO ‘Totals. ™ ERT —For fut middling) the saies have been as ofiter Eres, < o'clock — 1,000 at 18° 1-32c.; June, ‘i 200 a 19 5-82e.. 00 at 8 ae July, prube: Masa 200 co 18 S1-S2e te Tre Sine November, S00 oreo st Iitse, das oe ly ieee ts ee ai | ae % Tegistered, 115% @ 115.4; do. do., do., ex coupon, 5000 | n Pac Ske ist m obo ti 115% a 11536; do. do., 1864, registered, 116); a 117; | 14 Han & Cen Mo ist ay eg | ao. do., do., coupon, 116% a 117%; do. do., BS | 1865, registered, 116% 8117; do. do., do., coupon, | a 17% a 118; ao. do., ao., new, registered, 119 | 7 a 119%; do, do., do., coupon, 119% a 119%; do, 1 55. @o., 1867, registered, 11934 @ 119%; dO. ao., do. | gorine Wi be os coupon, 1204 a 120%; do. do, 1868, registered, | i pet ae ne 975) 12 19% a 119%; do. do, @0., coupon, 1203 a 120%; | bh ao. ten-jorties, registered, 114% @ 115; do. do., HY : | Re coupon, 114% a 116; do. fives, 1881, registered, 1, ih 125}, 2 1159, ; do. do., do., ex Coupon, 11534 @ 11534. A rib | SOUYHERN SECURITIES 4 41s | were dull and negiected. The following were | its] ri | the late bids:—Missouri sixes, 9535; do. | 106 + do, Hannibal and st. Joseph issue, 93; | ne Tennessee sixes, old, 83; do. do, do, ex | #0 Pa ermpon, 64; do. do. new, 40. do, ao, ex | 70% 3 conpon, 64; Virginia sixes, old, 31; do. a0, he per do. do., consolidated, 51; do. do,, deferred, H do # 10% ; Georgia sixes, do. sevens, new, 89; do. | 100 Panai & FA 4 wis @0., indorsed, 78; do. do., gold bonds, 80: North | 200 cn aR i Ww 49. writ om, a mm jesus and Jniy, a1; | i &, Be rNG a i ibe 15s | }0., d0., April and October, 21; do, do., North | 10 @i 2 Mor & Be RE......, Carolina Railroad, January and July, 42; do. el ws S* Ime coaren 5% @o,, April and October, 38; do. do., do., of Jan. | 10 ok ae tale deatht mary and July, 28; do. do., do., off April and Octo. | “wy 4354 200 Mar & Cin dd pi-b'c ber, 28; South Carolina sixes, 24; do. do., January | 1% Feil na: Seton and July, 8; do. do., April and October, 20; do. | 30 ss 300 Ohio & e Funding act, 1366, 20; Texas tens, 1876, 86. 4 &* ie o ars RAILROAD BONDS. 100 j 43 2M Go. as | Jn this department business continues dul) ana | (4? re ¢£ 28 | wminteresting. Prices during the day were with. a i ~ ae 8 | out important change. Central Pacific vonds , lw 3% 100 do. 3 #3 | Gloséd at 94; a 94 96% for firets, 79 Buf & Erie new dds. Be Bul & 6 7s. tate L. Bow York Gen Ist mi, c. New Yor’ Cen iat m Hud R 7's, 20m, 53, iS R 7's, Sam, °75, th Missotiri ist i... Ohio & Miss 2a Cen Vac god bas, aan was. 1 Bie nion Pac a Fae it 0.100 Pitts, FE rite 2d 1.102% | Cley & Pitts con #f.... 97 hey a Potts deb mm, | 100 shs Ma Coai Go ws | 3 P. M.—BRefore Call. | $1000) $ C He, Sas 600 shs Union Pac RR. 27 HO do. 26% low N W eon on tae M SW Co to. Ge 30 do, %) West Un to 1 do de WwW . donee 100 do, WW don 7 do, at 10! a) w ite RR. fa” To ant warts bbe rat Bie tries of iva | terms, tok s LsamM snr on private a. Thee prise Hs ian barl mice to Cork toe ventions tothe nted: = rr os om. with uarters of grain, at 7s. 6d. } park, hence to If f 24 fate 4 = jays; a tr 5 Gala direct port, sera” fs bi * | gsc wot ” Baltic. — with ti } ‘ BE awk Bt | Sbettestent eas batt eect ny oe 7 0 i &p American hark, 1 On Paviie te... ae 30 Hen aside hit.) of reaned 'd0., at 6a; @ Norwegian bark. bence to Ham- 6%; Boston, This aay last reek, at, ibis ay" Jase Rates on cotton to m porte we xe. To te oO To Bremen, by steams To Liverpool, Sa. by sean, ia, Bi om was dull for all aeweriptions. No transactions were reported from first hands and the bing ae Ry unimportant. The stock of coffee tha: in first hands includes 67,018 ee 2030 1 ofsave ae 11,988 mais of Singapore. 8 I7ige.: fair mary cargoes, 17%<c. fa Isigen; wood do., 190. a I9gc. ; prime do., Be. W284 | extrome range f0¥ lots, I7iee. a20%c,; Java. Rove ent { 2a? Mai ale; Ee. Be. a We. + per ion racalbe, ide, a ders Lazmayra, Wea abe rae 2c, St Demin co, Soe. 8 De.? Ravi i old, Ey snd eR nee ee | oa Reenter Apeel pie Piece 16,628 bbls, ‘ieee | 19 do.: corn mes an outs, 182236 bushels; rye, 16,406 aoe The la ruled dull and prices were in bi iavor. FP 281 Vushels; corn, 126.4) | sa ve eales since last report root up about 12 AR a at | cling ail Kinds, at prices Within the range eof our at tations... Corn meal was quiet, but stead within the range’ of Gur appended figures | at an Vo. 2 Ba Nor Stare. 1m 9580 foe arte mole’ 678 125 | 6mm 625 | Be bo Tw 7B | A que ia | 3 etal Rt Louie choice family 8 2 10 90 | Gaittornia. Xomoina. re Hou ‘supe | Southern'superdiie: $ og :3 0 | moummern eaten: ia BB Southern fray. 8 6 Corn meal, ‘ 490 43a 490 4u 3 ‘he. — were with- ont deolded change: Tbs seise wert abou 150,000 a ast 44.4 81 47 tor inferior and No. 3 spring, $1 6a $1.50 torso. 4 Chucago and Jowa, $1 bla $1.55 16 ds 1 53 a $1 56 for No. 3 Milwaukee, $1 58 a $1 60 tor No. I, JO) a $1 SL for winrer, ged. $1 A) for white c. 2 Milwaukee held at yrith bids of $1 BA Corn was in demand ae rer. The sal aguresane | 146,000 bushels at Se. rc. ior pr ime new and inet tec. a Be. Tor efor damaged: 30m bushel for Jane om private terms. Oats wei fairdemand, The gules were about 26,00) a! The A oi tor talr to choice pase Western, sthglee whi Wise. for slightly dain: oe jerley remained dull ‘and entirely ny ieee soe transactions. §=ftye inactive; quoted By comparatively little business | done tn arnt nnd ‘rat rates for grain Toe baaee, but ‘or other products about atean artering movement, the Sing inaioly tor vossele for petrol Rave i red per. meal 08 co ie i Was io firms canada, $1 95 a $2.05; artic changed. ds, Sc. : — ae rigyiibie amt orders, Cai om oF or Col Saat i refined do., at be. rd off 1 toe hae are bark, with ‘bbis. of retin and rat ne St Strks bance to with AE Renee! civete terme ‘or orders te is iv mes mand oodat ‘at ibe improvement. The bbls. 7 mess, it $17 25 cash ; 1.50 bbis. $17 16 a B17 W; 50: a ae 17 55, and 120 bi of extra’ prime mess at $14 90,’ Bacon mai G clear quoted at 8 met witti Pefiiot gh at 7340. out change, transactions conn Shout 0 following 4 for extra mess do., cy tor India do. ia mess, “feof hams remained dull, but, prices show juoted at from $16 a ‘$23 for. “oe & $25 tor first quality of West- was a moderate, demand from Uaties ruling steady. ickled hams on Bris 't T34c., 250 smoked di ickled bellies, 12 Ibs. average, at pel and 200 ibs. of loose pickled bellies, inedium on, rivate terms, Lard—For Western the mai jet, but ‘armen. Soy sales include 1,000 tierces of pf sg br aay, at l/c. per Tb, ; 800 tierees of do, for June, at Herces ‘ot 40. for Suly, At 10740. DeF Ib. oy ra Cotes at Sgles of 125 tierces, ick, ~The demand to- as been moderate in a job. bay way, and the market tendy tor both domestic and reign. Sales in lots, 3 tierces of Carolina at from 7c. 8 846. Per 1p., according to quality: small lots of Patna bo: ‘a 736c. per Ib., and 175 bags of Rangoon at 7c. a 5 fib. at ne market for raw sugar remained dull. Re- pretty well sappited, and are waiting: thie dis- of new cargoes. Prices were nominal Kk, were quote :—Fair tanks a muscovalo. 7c. a7 no eciable change ; PoaRler eat ern, Cut meats—There the trade to-day, with ‘We heard of 100 tierc: rr was a an Be versnuody rie. pa {ascertained by actual county Including" specula- lon) Stayt tare 53,044 181,683 903 Beet ta slnce May 24146 92) Totals...... 202,828 7,913 Sales since May’ J 10,150 42,850 “480 Stock this day, May 14, 1874, 70,513 159,978 1,463 Comparing wi ith stock ‘May 45,925 915,278 5,004 Comparing with ‘stock May cei eg wii sige Say ATS OU? OL. 1,779 ine in {0.074 65005, aiz068. 6.300 uote; Cuba Hesinitig: Imlerior to eomtion, form Re ime, ; fake 40 8 eRe? tt Ce find bok Noa 3 Chotee, sideta dace t toils “ ae snolesses, hds, and: boxes, 7c, @7%KC.; bees Aaa Dutch ‘standard, er 40,10 12, THE, a Bc: do. 13 to Cn. O18 8 ‘to Hagens Wie wre tee a ose. S Borte a ice "weaning, mom ‘erogerr, {air to cnoice, tee. ‘Ex. ragit—Duteh mandard Nos. 8 to a tela Oe, & Java—Dutch standard, Nos. ae A Manila—Superior and extra euperion, 7 se Sreanixe.—The market was inactive ‘Sut prlees nomin- ally steady. Prices quoted atl r Ib, “ALLow was quiet and unchange: ‘of $0,000 Iba. were placed at Waisary.—Receipts, 568 Lots to the oT M1-\6c. per Ib en bbis, The market was mod- tel: tiv ata further improvement of er gal- grately active, ata further imp 340. per gi DOMESTIO Mi MABREETS, anyearon, May 16 1874, Cotton spent ee oor es ood ordinary; 166.5 reat Breas, She’ Sontinent $82. are ‘Sena. Cotton trregalsr wom ty i ic. ; low ioe, = geen, oraumaey, 13h tolge. cog oratiary ieee, Net eee ae = Bales, wah Jase Samah ion —t oatte, May Laser ogee gies Ban ge ew as sit ho08; cousins, 74. Belen, 300, Bavairwam, May 16 1974. Cotton firm: middling, 1750. Net receipta 305 bales; 338 Sales, 215. Btock, ge ‘905. Exports coastwise, IARLESTON, May 14, 1874. Cotton firm; middling, 14 ic. Bge Mee. Nar Nec ter vid ot ‘Exports coasiwise, N,N. C. May 16 287 ‘Wiiarnro! entine quict at 35c. Rosin steady at iy 3 fae turpentine steady at $1 85 for hard, ‘$5 00 tor virgin. ‘Tar steagy at ‘derma N. Y., May 14, 1874 Flour steady and 2 fair demand: sales on, oe. bat ib 75tor No. L spring. $s 76 for amber winter, $9 for hite winter and FiOS double extra. Wheat dull, and the market gasier, sules of 5,700 Dusiels Not white Michigan at $l 7. Corn. ry ie sales ot of car toate for: raraineds, 85 tor. Bases quiet orn tise! bolted and $1.70 for unbolied percwt. Mullfeed ‘unchange 3 ahipstutfs, $32; middiinas, $33 per ton. irephe wheat 7ic., peas, T3¢e, to New "York lumber, the Hudson, $$ 78 to Newburg and ED Newt vor Kaltroad irétahts Flour, to, Bonton, #0. to New York, Be toied wheat, 1b Zake and rail imports Flour, 10,42 bbls; wheat, gi oats, uy, D at Mies 0 do. Biss; 500 don Port Gyashington spring tern ‘at Log Argh Sere ea 10,000 Sonn t 10. , <7“ , at le. 5 oer , Rt Tic. bate scarce 'and in’ good demand; "sales ot faa bushels No.'s Weetarn, to arrive, on priate ‘array arley dull: Canada, $1 Bila gh 90 Went Rye no arley malt Westerb, pain Other ‘sae ee May rticles un Flour steady, Wheat steady, Wabash, $1 46 for amber Michigai PLAT: NO. 2 red. $1 b6h5; No. 2 Day shade Detier. at fc, a 70cy 10F li h Gi, Zane, OBrgc.; July, 6Be, a, OO ino grade, 6c. be, + ¢ Batequlet and iuchangna: “peceipte—i, ushels wheat, 24,00) do. corn. and 2,000 Siipmententi) 00 bushels wheat ea Ne. 40, corn. Wheat gn ie, a Telectea St UT Her at 61a for No.2 taixed, ‘at a: for No. %, enh! She. ToF Nock, Ba dail Pr dos Speine, York ‘iar | fe mM. 1874. Flour 1 25 0 iL 2244, fall and pominal, 1 27 Het gd racy! 28 spring La fair d demand and’! caah ; 624 na at 93 Sune adv. ase 63, July. On ie doa ge f the Sune closed at $16 80, July at and, higher at $10 : Julk ineats stead: changed. | Bi Of short FiO canitdies ‘nt lode, sal Freights—To Buffaio, 4440. a 4340.5 On Tie. ceipte—3,000 bbla. 00 thie weal 00 te. corny 88,000 do. ata, La00'do, rye and varie: Shipments—11,000 bbis. four, st ronal whose, 105,000 do. corn, 43,000 do. oats ana 6,000 do. bariey. HAVANA MAB ‘A MARKETS, Havana, May 14, 1874, firm. On the United States, short aight, ve 2 per cent premium; on London, 163 a per [eat promis s 9p Faris, 1a 135 per ceat premi sr 4 EUROPEAN MA AN MARKETS, Liverroor, Pronuce Mancet.—Ltv3nr001, Mey Ww Eveninz.—spirits turpentine, 29s. 8d. a 30s, per ¢ Lonvos Paopuce Manxet—Lonpom, May ic-Even- ing.—ppirita turpentine, 29s. 9d. per cwt oo FINANCIAL. LEXANDER FROTAINGHAM a COMPANY SECURE pital for miners, manufacturers, mer- dize incoi porate’ companies, make 1a. alists and transact a general banking Busine: beak ‘comvnisaion SLLXANDER FROCHINGHAM 4 CO., 12 Wall street. mHasKINA & BRAIN: 17 BROAD STREET, Btock and Gold Brokers, stock Privileges s, laity: Pate, Calls and Double Privileges on all ve stocks. Smalicapitatists will tind this a sate method or speculating. jawery circular ae ah epieaton: ry circulars, with references, T REASONABLE RATES—MONEY ON LIFE AND Endowment Insurance Foiicies, Mortgages and other Curities. best companies. Tagargage, Of ail Kinds effected with UGUST BELMONT & CO, Bankers, 19 and 2h Nassaa street, issue travellers’ credita, available in all parts ot the World, trough the esata. De Rot and their correspondents, © “omscntle Aiso commercial creaits and telegraphic transfers of money on Calitoraia, kurope and Havan HABRICH & CO., 117 Broadway, “STOCK PRIVILEGES—90 POR 0 SHARES, $10) ode [inahires of uny stock at lowest market tates, Hal ful Nally fapiained an rammbiet: delivered (ree on only saie method of oper kson limited (HitIDGe & Ov. Bankers and Brokers, our i eormer Broadway, New Yor WEW YORK HERALD, FRIDAY, MAY 15, 1874—TRIPLE SHEET. nese (wall Pasty 20 POROWASE a Good. BUSE fHisned), inch ith aC'onee oo owner leaving city. | © eycenety "ga Myrtie aveniue, Brookly dann EAN CIAL Y, BROKE BROAD. Aus Anti ae A Seats Rit EXCH. ARTIBG, STOCK TRAC erie ah Jantsitey, ROUETLANA. Ay cia ATOR fort RErekE P 14 BROADWAY, LY, LARGE OR Sie arr fave cet 1 low Teh. PHALUN & SLOAN, St bast, seventeenth treet FOR 100 et) Acie =i po 1a for double. privlieres; $80 lor ‘oogold:, Beare, Demeh oa ‘armbers of the Bx- it on 5 Om chal planstory' cir cirles te ished. Se aest oun Ko. 6 Broad street. WANTED. A vanes one THIS Ha sieve A eS ‘n nlgperaugg ant ‘Spyoet $500, wooos, ao street, Jersey Cty. JO. $1.0) Aer KR WANTED, IN A $1.00 lass office Basins Ms (ot. ® square, sate in- ing, &c., 10, mi Sansa oe ea Spree tia, 335 ‘Broadway, 02 offices 34 and 36, ba 182, BROADWAY, Pe inission, 1m New. York, New Jersey and Westchester geanty. § Second cype ire trae. rete by 4 insu in overy company & place in United staves’ Sot paved by Lisuring through aur agency, OHARLES K. DEUTSCH, General Manager. | Sas ret rrerearumerorer te n cl ve A sumproved, ino bonus, avons ong sat thd i Regen rox ne ve 4 - ae cares Rat chy ous Jr, SEB BLOND iit, jacob D. ae Bk Lowry. Esq. aes ER, WAY. — A. 308 abs, BOTER J qROLDN AT ut gut bone; ie second and hearenold mortgaged cashed, way Ca call. & | Cuong oe anteican P excuaxax Nanos Bare, Tate dan wil Vrecelve fre sanled prapendt ior One i males = rinetsat Sa invarert Payable at 7 ri i=) a J ererneweak and terest will opened ou the 4 My prosy at ok, uM. ne WILSON, Cashier. cuncinnam, ‘April 18, peteg prot faints & i nition tition Bbpolnied’ fo the 7-30 city of Stacin ina th, beasts per Pint ter }-ann Exchange, aah cin Now Work. “these Bonds by this efty to ity, ote the Gah invots ralirond tee mice Weel ee reste ten ae wei t si sempisied, will add iargely to its wealth and popula: ‘the rauais of the law under whicn Cincinnati is has be been confirmed by tw. pro decisions setae Bupre preme eoart ol the ase cen Court of aes SESE a.m, je ci a n since e largely incre: by ‘adiitional Peder tory surro' surround. dng it and by its uataral grow(b. | Ite own population and that of towns immedia cent are not, less than mover ty directly owned by it vit Ts worth trom Bit #2. oO.00N” fin total Indebredmes: is lene toan B7.UD0.00"7 (ennanal ‘expenses about $3,000,000, including interest on aoe bonds proposed ae pat nt 69 that they < ‘coumhing both of mortgage ‘and of # elty debt, Particulars respecting this tssue can be had ppon ¢ National applichiton atthe can Exe Bank, shrough which the Bonds ure offered t4r sale, MILES GREGNW Wi HOOP! R. M. HOP, ‘Trustees. E Us0! PHILIP HKIDSLBACH, de ances made on all kinds of mer- chan stored in our own warehouses or consigned ” uson favorable AUL J. ARMOUR, President, Joe F, NAVARRO, Vico President, CANO, jo LATARA, This rd Ving Pree it. lent Paul J. ‘armanen aD. Bowerman, lamater, Jose F. Navarro: Fell csi qiusiase, Sass ke Joya, John Baird, Hyde. ary B. ILLIAM TOBLN, 5: z Ww coset OBEN, Sh tiberinwsfident of Warehouse a PROMISES SECURED FOR DEBTORS—BAD al His Fos SALE—CITY OF PENCENNATT SOUTHERN Bailroad Bo dg at 98 and inte: . ROUMAUE, St No. 15 New street. b aseg As goed MONEY TO LOAN ON GOOD rhe net P70 BORE ag Cea a per ee . Le Gul ar A street. Ms $45,000 1 for improved Brooxtsn Pret dog W. D..& F. BA! Pinestreet. EMOVAL—H, 1. GRANT, FORMERLY OF NO. 6 Exchange has removed to No. 11 Pine street; Money always ready to loan ses, without bonus. on good New York Mort- ARE PURCHASING pita bed SECOND AND rag ner nity IAVEEE, os Wall creck street. et Cero ‘OM _BOND Anp MOKIGAGE, IN first class ¥ . Apply ee RUBE LSB een ae ena FFOperrT ws Creer pregae ON FIRST MORTGAGE ON FIRST improved Property in this city, Principals haying the money. only need address H. H., Herald office |OUNT VERNON RAILROAD BONDS; $8,0( 00 obdholdors this day. 13s efeesk, fe Cin im eat $15.000. UST LE Samoa: 19 Witham rreet, —FOR SALE, TWO FIRST MORTGAGES on New York of cit aage bondsman only addreas and guarantee unexce W.; ost offieg, New en 40, 00 WANTELD—IN SUMS. OF $1, OR a oe Ree - pSanitel of @ com. pany, ly organize Pied machines (no Franti for for hen fnausfascare vol ba pate; ted machines sold in advance of prodaction and secured by letters patent | Jo this country and Kurope; ten per ant ‘per an- hick uaranteed; profits from. 2. to 3) per cent pers annus at Ga Teterences given. Radrees, w mame a 4,517 Yost o! New York ny. $50.000 mee" ye I or ganized under the fay ww York; a monopoly, 6 id by-letters patent; 25,per cent profits per annum yuaran ; company entirely free debt: no per- praia best city references. Call on or address PAGE, Treasurer, No. 6 Wall street, room, basement Nice. $90. O00 Grooxivn Property ta sunt to mult: Prat ad Second Mortcages prom tly cashed. ‘apply to SMTA D-SBNNINGS, 24 Pop street, room 34, from 0. 00 TO LOAN—“TWO PER CENT.” TO cover all expenses, ‘on approved” al ag a oe ity, ] Pe upwards. YX, 162 Broadway, room 9% isa—THE PIRM OF ROSE & ‘BW YORK, MAY from the Ist of May, to be con- Wood, discontinue, Untied by MLV. Wood. _ BUSINESS 01 ss OPPORTUNITIES, TO $00 OAN BE INVESTED MORE SAFELY stocks than in any business at the present time; iysiem, fully Szpleinet | by calli or sending tor eur pamphiet;, free. BRIDGE O., Bankers, Wall street, corner Becad wave New York. “A. FEXSISTAN'S OFFICE, PRAGTICE OF $12.00 70 $16,000, for sale; sickness the cause; or will take @ Partner. Address, tor ten days, Dr. HULL. Herald office. PARTNER IN THE MANUFACTURE OF STEEL tools wanted, with $20,000 tor working capital; con, rn own their tuctory and manafacture for wholesale trade ‘a Ecsahese.. Apply te GRIGGS, CARLETON & THOROUGH BUSINESS MAN, means, wishes to represent, In ern Btates, Sarthe ga) firm: ee ertect Knowl- fonda. esther ‘and chemniealen Onl aise velase hi uA 0 Ersatea with. Address MAGK: Herald off AM BREWERY FOR SALE—AT A ac N.Y.; oder an wo ape Lapa an at and ‘fixtures in per- let use: lal bind ai {3 a fe trad ade entabliahed a te fiiule mone quire ore HENRY SHARP, 214 Frans! fis wreck Now New York. PARTNER IN made ae ie bees yg mye 915.000 usiness of reapecta| ie. | early: om only Ay Re ene ne ite Adveriant WITH SOME Canada or the Kast- MAN WITH $5000—10 TAKE, AN INTRREST IN an'income of 82400 per sunum guaranteed: ees? ERED. W. SYRED No. 8 Dey street rt oo) CLASS OYSTER AND Ch ye HOUSE FOR tion unenrpassed; well known; exten- atver atranized rare investment; sold in consequence arson tioulars No? Auntie * Store Agency, _ (A. PARTNER WANTED—IN 4 GOOD, FIRST CLASS t many years’ ing: first class milin- ory tnd general. outa mely furnished Ksareee RE RELL TheLee aia eh applied, omice, ARTNER, WITH WANTED, 1X AN ESTAR: lished, profitable < pond business, to attend the ahippin, r while other ae is away est Pall bet en 12 ea F.D. PLATE, 176 Fulton seree ect ‘PARENER 70 50 TO JOIN ME 18 THE “Sorte > Bonita Set Sly ana awa tie We BANOK, 7S Momyomesy street oavement, Jersey 0 ‘uy: Sree FARTNER DESIRED, WITH st0000 CAST. st loas. prsOND. iterald’odoa,. against loss, Address A. Pees ox ac O8 ACTIVE PARTHRE, WITH 8000 CAST eat Sralhth ‘oo Inquire of D.d, O8GOUD ; TO ,EST-THR, RErREsHMENT STANDS OM THR Park Vi o Re snee. Apply at ‘ew Hoos ‘ALU. 1 STEAM ENGINE v eet PROVEMENT 1) 4 rocking pede © we tet a gear Call WM. F. Warren NERGETIO hal orestinan article large profi at at tho watering place; 'N, 66 Cortlandt street, ANTED—A ae GOOD, ADDRERS thor ougty “ea aaa 1n "ghe, basinees of ca0- vassing, to heat, ability | In Whiten bis ken oer | aad, Aeon set fervices rgd Aa: isis of 4 4 heen, wich pal reteremces, H, A, B., box 8.706 Post ofMiam $2,500, resis achas £2, Saad sea dahon CARPENTER Tie Breed roudw 3.000,;\ioth Ae Sahin Mae 000 canbe made in ne ie next ieeaing tw ‘Peareso ast y addressing PROPEIBTARY, box ear. Particulars D; bay Herald office, camo | $5. 000 CASH—FOR ONE-HAL! MY PATENT Soliciting Business, with an equal interest bclacsecbiay % aN Saleltor, 155 Nassau street. , $5,006 00 WILL BUY, A Se Bs iow on + Sheroughss consisting tied 4 ee d House Farnishi are, COON DE OE Oe Ae paroe Herald Upiown Branch i $100,00( 000. Bal aR te 50m ave reas pe scandueted ath or Your services, Sricee. “address office, SEASIDE AND COUNTRY. ‘The mosquitoes will summer at Astoria, L. L The Bcbo:House, North Conway, isin the market. Columbia Spring, in Congress Park, Saratoga, nas been cleansed, William D, Bannister & Co, have opened the Whitestone House, Whitestone, L. I. c P. D. Carrique announces the opening of Belmons ‘Hall, Schooley’s Mountala, on June 1. ‘The Clifton House, Niagara Falls, will: beran by George M. Colburn and John H. McOmber. Eaward Saportas and family will rent their Lake Mahopac cottage and reside at Washington Heights. Delaware Water Gap, where there has been but one hotel, has now a water cure called the Wesley House. A new hotel, on the site of’the old Coleman: House, has been opened at Saratoga by M. Hu» Buckley. ‘The Linden Park House, a beautiful structure, with seventeen acres, at Cornwall, is now Open, C. H, King 1s the proprietor. Niagara Falls landlords are growing sensible an@ “come down” in rates. The International takes boarders at $2 50 where guests stay a few weeks. Saratoga is aMiicted with the tapeworm. Tho ‘Sun, of that town, takes half a column to describe them. Wonder does the water induce their growth? ‘The Clarendon at Saratoga is to be lighted from a private gas works. There is every season a super- abundance of gas wasted about the lounging rooms of all the Saratoga houses, The Ocean View Hopse, Pigeon Cove, Mass., will be run this year by J. H. Pierce. Many im~ provements have been made and new cottages erected by wealthy persons in the East, J. W. Coleman, one of the family of popular hosts, anticipates @ large business at the Heath House, Schooley’s Mountain. This hotel has a magnificent and well shaded lawn of twenty acres in iroat of the house. The springs are sald to contain valua- ble medicinal qualities. “Hotel proprietors,” says the Home Journal, “gnould pay thelr walters and servants. At some houses this is not done, the only wages they receive: is what they beg from tMe guests. We know of certain landlords-who even ‘divide’ with their employés, This is nearly as bad as the English method, where servants in hotels and restaurants -often have to pay for their places.” REAL. ESTATE. Yesterday stmply repeated the quiet of the past fow deys, the eeles in the open market being stilk strictly confined to the presentation of property under legal direction. Taus, Mr. Jere Johnson, Jr.,, sold the premises No, 19 Ann street; Messrs Dingee, Porter & Co., py order of the Supreme Court, under the direction of Thomas H. Landon, refereo, sol unimproved’ property located om ‘127th, 128th, 129th and 130th streets, on avenue As Messrs, E. H, Ludiow & Oo. sold, by order of the Court (to perfect title), one lot on Fifth street, east of Second arpte for $100, bretiin! dain $887; and Mr. William ‘Kennelly, by the —_ order, under the bee of Thomas Bosse, rei eree, improved Propercy on Forty-second rect, west of Fourth avenue. The brlet in are particulars of the sales RK PROPERTY—BY JERE. JOUNSOK, Ji. 168. he sia i Non dd “Aun st, bw. corner of Tiivatre alley, 1ot 20x80x26.1230; 1. ‘Donovan. ay DINGEE, PORTED Ax 2 lots one. s, of 128th st. and t1ots 90 ng a es, Boas w. of 7 " 99.11 Tae NR 800 each . 1 ig = a. 24 of lath st, rietaa of 130th" st. 991; J. Wood 16 Jots one. » of each ry brick shi hat 3 Jallaban. lé. brick factory ras roan, and 2 lot n. 8, of +, lots together 40x10. ; The Water Fronts of the Harbor—A, Gigantic Undertaking. To THE EDITOR oF THR HERALD:— A few weeks since notice of a sale appeared im one of the morning papers of four acres of jandi under water on the shore of the Jersey fats,, north of Constabie’s Point, for $50,000; and by in~ quiry it is found that further 8 have been made at still higher prices. The price seemed s large one for property so situated—a mile at least from deep water. Butit now transpires that a grant has been made or a commission created for the disposal of all the unappropriated land under, water from Constable’s Point, opposite New Brighton, to q the docks of the New Jeracy Central Railroad, Jer- | sey City, bounded by a line running just west of Ellis’ and Bedloe’s islands, This, however, would: | be the bulkhead line, and although about four miles in extent thousands of acres, st Teach the deep water. the grantees comprehend ot broad piers trom the sunray Ons, as: some points. mile or more in pength, je. solid by the: Ce pe of the cauals yds he ween them, give any requisite depth of water. Still the project seei ty one essential Point it did Wot reach nel or dee; What follows is Provably, there~ fore, the Obvious solutron of & vaet and'sagaciousiy’ planned enterprise. Ad zoara uuder the gtme, rw fro bites it rm Py Sea i ‘be conatructed. on a tine paral! with te puixhesd line alluaed and emi several dves not quite But the plans of the (bale 4 { at the same time to same New Jeraey Railroad docks at Jersey ats The mindy aa prea did not commend Atgell to pi h occasional relerted't py} public seeme: ! by reas) whe take little i atereas tn the ma! Barter, An examina- | jon of that charter, however, reveals the fact that it confers’ Lag of wnmense value, sucn as the bau as, 8 sinag: in and making land, erecting ware! ratora and other struc- tures tor the fe diana onde ‘cominerce, and running deep water of the bay. ana Pere, 408 é ‘was tho real object of tho re rar the fence. Privileges of | fuoh ‘ralng. ceetsialy should never have been ranted without some adequate consideration. at among the corporntors were several members. or ropresantanives the ring. A glance at the faap ot ‘the harbor will show the magnitude and ‘ importance-of heaped rags ey When combined, It. s the culminating act—tie grant. em the how J Legisiature—resuived trom, ‘the co-operation won of the Railroad King of Pennsyi- vania sad his influence With the legislative body at Prenton. It is further asserted by those who seem to wpe in the confidence of the projectors of cnienaive scheme toa om to the use be! ~ ex & grand do terminus the tor the great tregnt ines x "the Sonth and West with that: by the bill now before Congress for a di cheap ireignt aod transportation line from St. Lows and Chicago to some point on th harbor of New York. The great importance an ummense vaiue of these grante—the! opollZ~ ing character as com!)ined—should be matter of some interest to our merchants and citizens, especially in view of the fact, lately Mae ae mani- feat, that eligible water fronts or wharf pri po of anf extent adapted to our ger orese increasing commerce, so largely, ae every year becoming more en’ Yoel ay obtain. Even for the piers now builaing at the old Quarantine, Staten Isiand, very largé orale, ore reporte ood authority, to have been offered ; and int a vicinity, havi! van! fa ocean steamers, there are but & of water front obtainable, ba