The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1842-07-24

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The transactions at the Stock Board small to day
but the sound Stocks generally improved Kentucky
State 6s per cent? Ohio 6s 1860 per Harlem
Rail Road fell per cent.
The mercantile community were astounded this morn
ing by the appearance in Wall street paper of
nicaton signed Boorman, Johnston Co.. who have long
ranked Of the leading houses in the city in which
that firm publicly and voluntarily repudiate a con-
tract which they acknowledge have been originally
legal and binding They defy public opinion boldly, and
refuse to meet the contract the plea that law bubble
exists by which they cannot be compelled to pay it. The
facts simply these In the fall of 1885, will be re.
membered that immense fraud was discovered in the
stock issues of the Bank Of Kentucky Immediately
that discovery, the transfer books of the bank were
closed in order to investigate the fraud Just prior the
discovery, Boorman, Johnston Co. authorised two bro.
kers to buy each 100 shares of Kentucky stock at the
Board OF Brokers time. This stock was accordingly
purchased of Jacob Little & Co. The contract for the
purchase was made and guaranteed by Boorman
&Co as principals. Before this fell due the
books were unexpectedly closed and the seller was
prved Of the regular method OF transfer The books
unjustifably kept closed two years On their
reopening Mr. Little notified Boorman Johnston s. Co.
that he ready to deliver the stock At the same time
Mr. Little recered many hundred shares other par
ties situated in the same way To the asonshmen every
one however Messrs Boorman Johnston chose nnlly
the contract and repudiate the transactions telling Mr.
Little if he could recover it at law he might do 1t must
be remembered however that if the law jusiifes wrong
public opinion does, and every citizen of the United
States succumb to its influence When Reputation
Of contracts reaches private transactions it il time for
public to be on the alert
The interest the per cent State bonds issued
by the Comptroller will be paid the holders in each
ease, on presenting the certificate the Treasury.
For the convenience of holders in the first and second
Senste districts and of those out Of the State arrange
ments have been made to pay the interest at the Manha
tan Company presentation of the certificate at the
bank by person authorised give receipt the
interest.
Since the printing Of the bill for the new tariff duties
on articles imported into Great Britain important
Taxation has been introduced by the committee Of allow.
ing corn In the bonding warehouses; an aowan for
tural waste viz =
IL warehoused one and less than three months--wbeat
oar,ey ana rye, l. per cent oats p per cent
nor % ,ess y, man SIX menths-wheat barley and rye,
Six and less than twelve months-wheat barley and
rye, y per cent? oats, ~ per cent ' ~
Twelve months and upwsrds-wbeat harley ora ,,,a
2 per cent; oats, per cent - ' ~
Except on Spanish wheat barley and oats and on wheat
and barley kndrcd abroad which are to have
the above mentioned allowances none is TO no made
on kiln-dred rye. " ''
This very material, and essentially affects American
produce which from the distance whence it is Skinned ia
liable be bonded than that of the continent h
the execution follows more promptly upon the order
The following the state Of the American produce
market in Liverpool on the 5th inst
AMEnIcAS PRopucE, LIVERPOOL, July 5.--The imports
during the past month have been very light AMI
OF 262S kegs 532 barrels and so erces Lard barrels
Pork, 90 barrels Beet, and hhds. Bacon The demand
for Lard has been good, and all that offered the
market was taken at 34s to Sos, and little If any now
mains in first hands An advance has again taken place
much 35s being askedt is not expected the latter
price can be obtained On the oath ulimo 100 barrels
pork taken for shipment Sidney but the price was
miserably low il was not allowed to transpre. Beef
quite eced few tierces of bacon have been sold in
bond at dis the quality very poor and soft.
smah parcel Of cheese has arrived, but remains un.
offered for the present
LARD, bladders per cwt 50 a60; 6rkins and kegs do
az so American HAMS dry, per cwt, 90 81; wet
do BAcoN, per cw long mddles, A As short mid.
dies 49, BEEF per tierce, new prime mess, l5 100
India new PORK, per barrel, prime mess, &c 70
middling and inferior, -
more important regulation has been, however, the