The New York herald. [volume] (New York [N.Y.]) 1840-1920, 1843-04-21
BY THE SOUTHERN MAIL.
PhlladeIDhia.

PHILADELPHIA, April 70, a T. M.
Large Sale of Stocks and Loans at the Merchants
Erohanse,. Philadelphia, yesteday.
Mr.. BENNETT =
Inc extensive and peremptory sale of bank and
DINER stocks and oans came off at II O'Clock this
DAY at the Merchants Exchange Assurance hav-
ing been given that the whole would be sold with
out any reserve or Limitation whatever. large
number OF our capitalists congregated. probably
with the expectation Of getting good bargain.
The whole sale was completed in one half hour
The bidding was animated, and the purchases con-
fined 10 but few. Such gathering together of the
capitalists OF the city and county has not been wit
messed for some time. There were at least two
hundred present IN the Rounda.
The purchasers were but four in all. and only one
of the four on individual account, Mr.. COmegys
Paul The other three were bank agents. as fol-
lows:-R. M. Lewis, for Bank Of Pennsylvania; w.
Gill, for Commercial Bank; r. ID. Wood, for Phila.
delphia Bank
The whole amount of sales to be divided pro rata,
tor account of purchasing and other banks inte-
rested.
The stock was considered by the knowing ones
present, sold remarkably well; and i Is my belief
had there been any one present to IBID up" the
amount of purchase would have been higher, for
there was determination on the part Of the agents
OF the Philadelphia Bank, the Bank of Pennsylvania
and the Commercial Bank, and of the Trustees of
the United States Bank, on whose account the sale
you may by the bid on the bonds ofthe Delaware
and Rarltan Canal Company, and Camden and AM
boy Railroad and Transportation Company, 5 per
cent interest, when the Bank agents bid as high as
30 against Mr. G. Paul, who bought at Sol, only one
bond On the remaining 9 bonds being put up, Mr..
Wood agent for the Philadelphia Bank bid 70, and
they were knocked down to him, no Individual VEN
turing TO bid against him.
Another evidence ID noted on the stock of the
Chesapeake and Delaware Canal Company, which
started at Is, and Mr. Benjamin Tevis proposed to
friend wager OF one oyster supper that he could
at time he reached 81 5O-22 was bid by Mr. Gill
agent of the Commercial Bank, and Mr. T. won his
bet.
On the bonds above mentioned, and which were
started at 6O, wager was offered That they could be
run to 80; and sure enough they were. These bonds
sold at 81 A to the sterling, so that the pur-
chaser made IS cents on each, the bonds being pay
able in England at 81 80. This fact caused them to
run up. 1t had not been stated on the catalogue,
and the question as to the amount of pounds sterling
selling price having been put by spectator, was
answered by Mr.. Thomas the auctloneer, that they
would b. sold at $S4 "A to the 6 sterling, much
per cent on the dollar, and they at once run up.
The terms cash, payable on or before Monday
the oath inst, at O'Clock PM. The payments to
be made to the trustees at their office, in the Bank
Mordecai D. Lewis, Samuel w. Jones, Robert L.
Pitield, Robert Howell. 1t was stated on the cata-
logue thatthe payments would be required on Thurs
day the 9Th The announcement OF the aera-
FRsr Ler-67s shares of the capital stock Of the Mi
ners Bank of Pottsve par value $50 share Qast d
vdend May. 1922 were first offered The first bid was
knocked $26 per share Robert M Lewis agent Of
the Bank Of Pennsylvania
Union 1Bank of Tennessee par value Of 500 share
(las dividend July ls4D Started with Ss5very little
spirit Knocked down at SAL to Robert NJ Lewis agent
as above.
THIRD Lor-23O shares of the capital stock of the Bank
ofLouisville Kentucky, par value $l00 per share as
H. above
FOURTH Lor.-s40 shares of the capital stock of the
Pennsy lvana and Ohio Canal Company par value 800
per share, Qast dividend January, ls4s commenced at
80 bidding spirited until "a reached at which point
it hung for time, and finally knocked down 80 to
w. Gill, agent of the Commercial Bank.
FIFTH Lor.-Chesapeake and Delaware Canal Co. Fun.
ded debt 1887 693 &c. bearing interest at cent per
ansum payable on the LIST days OF January
Zone per cent interest paid January 1882 with the prvi'
ege Of the whole sum not less than $780, Fifteen
dollars for the hundred the first bdlively, up to 2a
long dwell and the hammer went down at %. w. Gill;
agent, az above the purchaser.
louisville Railroad Co.-sll63a3 50. Interest guaran
eed by the State of Pennsy vana payable semiannuay
with interest from December 1912. S. per
hundred first bid-struck Oft at $40 w. Gill; agent,
above.
SEVENTH Lor-Beaver Meadow Railroad and Coal Co
35 a. six per cent Loan interest payable the
LIST afFeb and Aug being part of loan of $3.50 au-
holders Aug 49, 1885, Mortgage executed to the Girard
Life Insurance and Trust Company, security for the
terest from list Feb is4s $40 per hundred the first bid
spirited up to 32-a long dwell-knocked down at 80 to
r. D. Wood. agent ofthe Philadelphia Bank.
EIGHTH Lor-l5O bonds ofthe Williamsport and Elmi.
Railroad Co. $1,000 each-$l50 bearing interest at
per cent per annum payable semiannualy on the LIST
days of JAM and July edeemabe jan 1885, for the pay
ment Of which Real Estate and certain eets Of said Co.
have been pledged by Indenure of Mortgage dated the
24n day Of sept 1sss with interest IRON LIST July lsa
r. d. Wood, agent, a. above.
Ninth Lotto bonds OF $500 each 5000 stg-of the
Delaware and Rsritan Canal Co. and Camden and Amboy
Railroad aud Transportation Co bearing interest per
cent per annum payable sem-annualy in London the
s43. Coupons attached to the bonds Principal redeem.
able Aug. LIST, 1868 in London
This lot was put up rating the pound sterling at $444
Sixty per cent was the first bid-6rmly and spirited
One Bond knocked downte c. Paul.
The remaining niue bonds then in market and
Immediately offered-70 bid-knocked down to X. d.
Wood. agents as above
ARREST OF THE MURDERER.-An examination
was had this morning before Alderman Redman, OF
an individual who was arrested on suspicion of hav
ing committed the late diabolical murder in Balti-
more county, Maryland He gave his name
John Horn. When arrested he threw away thin.
BILE, which was picked up by oae Of the ofisers who
had him in charge, and which is of the kind only
used by taiors. Upon his person was found deed
conveying properly from himself to John Storch
value $500, small amount of money, and
lease of property in the city Of Baltimore. He an
swers the description given in the advertisement
exactly, and there is but little doubt but what he Is
the actual perpetrater OF the foul and bloody deed
The Alderman after long and close examination,
committed him to prison.
o. Hon. J. B. Dawson, Representative in Con-
gress from the State OF Louisiana, has been appoint
ed by the President TO the Office of Postmaster of
the city of New Orleans, in the place of Gen. VIM.
Dcbuys, resigned.
Sales OF Stocks at Philadelphia Yesterday.
$4,000 Wilmington 6s, 1855, 20; 81 shares Mechanics
Bank, II; 8 do Union Bank; Tenn. 40.
AFTER BoARp.-200 shares Reading RR ,l63; do N
America Bank 277S do do ais; $4,000 State 6 1885, a.
LATEST SOUTHERN SHIP NEWS.
PHILADELPHIA. April t0-An Glide, Crosse, Providence -
Below, Osceola Whppe Rio Janeiro Peterson Green
Orleans.
BALTIMORE. April i9SId Roanoke Smith, Rio; Metamora
Lowe, Rotterdam Goethe. (Brem) hcmann Bremen Canada
Bishop, Pacific; Poultney Mouat Rio Napoleon, Cheese
brough, do
ALEXANDRIA April TSld Favorte (Br) Masters, Barba
does; John n STEPHENS Hail. Bermuda
RICHMOND, April s-An Margaret Forbes, Prescott, Liver