When Capt. E. B. Ward feil dead on tlio street in Detroit on Jan. 2, 1875, his gstote was popularly snppóséd to be worth $10,000,000. Offiráal appraisnl has reduced this to$5,400,000,incluliug Mrs. Ward'a inheritanci of the Ludington property, valued at a round 1 1,000,000. The debts of the estáte were $1,440,000, and it was expeeted that $2,000,000 ivould lie left for the otlier hoir after Mrs. Ward's apportionment was deducted. The legal time for olosing the estáte expires on Feb. 2, when the executors will report $0-11,000 liabilities, of wtioh $598,000 are direct, including Milwaukeè Iron Ccnpany's bonds guaranteed by Mr. Ward, with ::.r)O.O0O assets, of which $125,575 is in took of the North Chicago Rollingmilis. The liabilities thus exceed the assets by $291,000, maMng the sale of Mrs. Ward's LudingtoB property iniperative, Detroit paur.