New Orleans Republican. [volume] (New Orleans, La) 1867-1878, 1873-04-06
NEW YORK.
strike of the Gas NIen-Bank Statement
Penalty of iaa 1


MOnetary-Penalty of the Usury Law.
New YORK, April 5.-The east side gas
men struck at noon to-day. Reserves OF
police are assembled in the eighteenth pre-
cinct, where disturbances are apprehended
Evening following is the bank state
ment: Loans decrease 1875, 700; specie, de-
crease Sl,500,000; legal tenders, decrease
So. .625, 900; deposits, decrease S., 900:
loss in reserves s. 1868, 500.
Gold opened at 1854, and has since ad-
vanced to ll9, the highest point by "A per
cent reached in the present bull speculation.
On government loans the rates for carrying
till Monday have been 3-64, l-13 q ll6 and
7; gold 4, 3 and per cent per annum and
fiat. Foreign exchange is nominally l07 l9
a l0Sas for prime sterling, with business,
which is small about "a below,
The total trade imports tor the week
amount to s. 81 6,03l, about half the amount
of importations last week.
The money stringency is not so severe as
yesterday, the rates among stock brokers
having been Is a l6 for two days use, or
until Monday. Mercantile paper continues
nominal and neglected. Government bonds
are strong, in sympathy with gold.
The only trade in Southern State bonds
at the board we're the sale of $4,000 old Ten
nessees at S05s q S034. Railroad bonds were
dull and steady, as were also investment
shares The stock market was active for
Telegraph, New York Central and Pacific
Mail, and otherwise dull. Prices opened
about as they closed last evening, advanced
and were strong till after board, since
when there has been a fractional decline.
The Post says: 1--WE are not able to as
certain any particulars concerning the
statements current yesterday, that the
authorities are gathering evidence for the
purpose of enforcing the penalty of the
usury law. Clearly this law should either
be repealed or enforced for the protection
Of merchants
Money closed easier. Call loans ranged
from Is to I. Gold exchange quiet; quoted
nominally at IA to 73B. Gold opened at
1854, advanced to ll9, fell to 1885, rallied
to ll91s, and closed at ll901I915. Loans
were from fiat to 3-32 for carrying.
w. S. Andrews, after delivering lecture
to the Young Mems Christian Association
last night, was arrested and taken to Lud-
low street Jail, on the charge of contempt
OF court, in retaining some $4,000 he had
been ordered to pay over to a woman in a
bankruptcy case.
The largest single iron contract ever
made in this country has been completed
by the Elevated railroad of this city with
the New England Iron Company, by which
a double track over five miles has been con-
tracted to be laid and built by the middle
of October.
The legislative committee examined Mr.
English to-day, who is confined in Ludlow
street jail on a charge of libelling an officer
of life insurance company. He stated
that the Mutual Life Insurance Company
expended twenty thousand dollars to carry
bill favorable to that company through
the Legislature, and that his opposition to it
in his paper led to the proceedings against
II Is haJl do
as he believed, by the collusiOn Of the Judge
with President Winston of the company.
and was unconstitutional.
The men employed in the New York
Gas Works at the foot of Thirty
street, East river, quit work at noon,
aud forming in procession marched to
the Mutual Gas Company's works, foot
of Eleventh street, where they endeavored
to induce the men there to strike. In this
they were not successful, but they claim to
have the assurance of the men that they
will leave OFF on Monday.
The strikers then marched to the works
of the Manhattan Company The men in
the latter named works refused to Join the
strikers at present, but promised to con
slider the matter. The march was next to
the Metropolitan Works, in West Forty
second street but no accession to the ranks
was obtained there. This strike was not
unexpected by the New York Gas Company,
and the men had barely walked out of their
works when fifty-four Italians and Swiss
took their places. This act stirred up the
ire af the strikers and they threatened to
annihilate the Italian street-sweepers in the
neighborhood, but the prompt action of the
police preserved the peace.
Strong details of police are stationed in
and around the gas works, and prevent the
strikers from gathering in the neighbor-
hood. They (the pOlice) are kept CON
stdntly moving, and up to this evening no
fights had taken place. Bunks and cooking
ranges have been erected in the works
where the strike occurred, so the men
have no occasion to leave the premises.
Tie strike is for eight hours work, and
So % day for stokers and 81 30 for helpers.
The expatriated Cubans in this city have
formed new organization, STYLED Los
Amtg0S CH6n'S, which will be composed
only Of known patriots. Great care is
being taken to exclude many who formerly
bOasted OF being members Of the diebanded
Junta.
10. market for spo. cotton during the
week has been moderately active, but
p-1""E have tiuctuated considerably. The
advance in gold and the favorable adyices
nom liverpool impaired strength to the
market IL the early pars .. the week, and
IN advancement was na.e but at the close
the demand vas So ngL: that it could not
De s*5taln ad, and it deo'lr.a. closing weak.
IAe total transac ions include ia, ,894
oales. so, 400 for future delivery and 1894
1Or lp-u"diate dat.TcrY, as follows: 800 for
txpof' --@tl for spinning, ~ for specui alton
and 80 for transit; included there are 200
bales - arrive Navals have declined, and
the narke s greatly depressed.