Chicago Daily Tribune Newspaper, February 24, 1874, Page 6

T CHIGAGU DAILY TRIBUNE: TUESDAY, FEBRUARY 24, 1874. (‘!‘l}ly‘lnthhcu‘v, but genorally throughout tho | but hng oxtandod Wironghout 1. country, wnd, | acilons of “iho *wholo Biato,” Whoth en .. COMMERCE. . ) Stat or | oxolusivoly in tio tdnnngo business, and asking of tho prinolpal artlolen of produco fn Ohloago T from {ta position s o commorolnl question, ke | such Ianguigo doos or “doos not fuslity tho totanhnflvor for tho uungtmctlnn of smol & work MONEY AND GOMMERCE. during tho P:M forty-olghi Eunmin 3 * Ulho.trado of tho past year in ndvnuum{’ to ond ucarcoly sooond to ahy iu a poli- | opinlon reforrod to, It dooa cortatuly mintopro-. | under judiclous and. propor rostriotions and re- g 3 2 i Ehiaisi FLOUI, GRAIN, LIVE BTOOK, AND OTHER rnonucTa | tloal poiut of viow.” Tlhio varioty of thie nohomon [ sout tho action ot .your Board of Dirootors, and | quiromonts aa to onpitnl stodk, toll-ratos, Impny- = Soai i, I ccsioth, Shipmer e, Fud Of tho farm ' has boon \nprcoodontedly Iatgo. .| auggostod e romadios for oxlating ovils provoko | tho rules undor whioh thoy ack. :Under tho.| tlallty in' tue tecoption ’ and. trawsportn MONETARY. Wheal, bu &2 101,301 OLATA ? " 0 TN 1) + « % 4 - In this conneotion an estimnte of the | disoussion nnd eliolt opposttion in about equal | authority grantod by its chartor, tho Assoolation tion “of frolght nnd = of onts. belonging Corn, b, oL 703 The Bo“u"l ol Tl"ulo s ‘h"mal ‘valuo of nericulbural })rm\nou shipped from this | dogros with thoso. touching finsucial affairs., nually soloots committoca of arbitration and | to' ‘Individuals, companies, mtid corporatlons, ‘MonpAy Evenma, Fob, 23, Osts, 24,300 4 « v t olty in 1878 may bo of interoat nmlp valuo, and is [ A~ markod' fonture of - many, or’ péthaps: psnl{ to whoro decislon quostions of disputo | and rosponuibility l‘r‘nr tho onra of property [ Dusinges wae vory dull to-dny. Thore was 1o ,nyul bu 00 A horowith prosontod,~—promising, Lowever, that | most, . of thoso .mohomes - {8 @ ocontom- | and dlsagrooment aro, by mutnal consiont, ra- | recolved for tranmporiation. It is porl n];]n U | rogular sossion of tho Tonrd (i‘rnd nud osthe g:::({'m‘;nll q “g.‘;a’;. S“nmnr 0f Chlcfl(ro tho figures presontod aro nhmrff within tho true ’i!:m‘l Loavy . drain , upon tho Natlonal | forrod; bitt thoro is no rulo making ench rofor- | nocossary to-atato that this action of. the Board | FeBUIar sosslon of the Tol ul o, red moals, 41070 i Y {th} vnltto, no oxaat dnta of value bolng attmunblos Tronsury in ‘aid of works, somo of | onco compulsory, The Dircotors do not adt | of Dircotors was not in tho intorest of sny par- ( 485 was also obsorved au & hollday In New York, PR L) Bhipmonts of flour and graln, equal to 5 whioh aro, doubtloss, moritorious, but many sro | as nrblmmrla,—mnynnuhornmau monoy-dam= g{)m. porties who have nought or may sook to | thers wero norogular tolegraphic quotations of 31193 T U d 08,045,414 bushele, eatimated valus, ... ...$ 03,500,000 | oxtromoly visionnry, and- somo, porhaps, aliould | 8g08, nor * gntor " deoreos for- paymont of | obtain subsidos or apocinl afd from tha Govorn- atooks, gold, oto., from that clty. Tho banks 4,800 la 0 Livoalock. 57,000,000 | bo proporly designatod na attomipts at downright | monoy undor ponalty of disfranohizomont," fl\cntforunohnrong. Whilo urging tho impor- [ o EVh Qo - i et b Product of 80,600,000 lel’nml robbory. ‘And tho snpport that even | Thoy do; howover, u‘wn cortdlu conditions | tanco snd noceanily of improving yator commu- ravor, kopt opon ns usual, 3 fin Mool i bieee e soipliuo, mombors, by | nieation with tho linot, the Doard af Dirootors Wool aud hides oo tho wildest of tioss misasucos appoars to roouivo and _ olroumstangos, d ‘500000 | sdmoniskos a thoughtful publio sa to tho gon- | tomporary susponsion, undor authority contorred | beg to ox) their 3/000.000 oral tondonoy of tho Hlinon (oward an ndisofimi- | npon thom by n rulo, in rolatlon to whioh tho | nosd of irsrmrie el 1,000,000 | nato appropriation and usa of tho publio money. | Bupromo Qourt of tho Btato says: # Ono of tha Monoy continues abundant at 10 por cont for por p nnouncomont, thoro wag ne thirty nnd aixty-dny loans, and 8 por cent on onll. | session of tho Board of Trade lo-dn(. num. Many of tho banks would bo glad to incrosse | bor of opnrators gatherod togoethor {n tha lowor tholr dlucounts, aud in the opon matkot tho sup- oorridor of the Ohamber of Commorco in the Highwinen sud alcoliol, Boeda aud hroom corn SBundry other commoditles., of that thoro I8 an oqual neod of incronsing tho numbor of railway lines to tho Enat ond Houtheast, Tho water-routen Reports of the Seoretary and ‘Flio quostion of what aro tho romedios that | objects for which the Board of Trado was croatod —— in this lntitudo of our country sro closed morning, but ssido from o fow irananctions in g n Totalvsssresseriasiiarsiianianien $180,000,000 | ought to bo appliod by Governmont, elthor | undoublodly waa to promote n high standard of | ono-third of a:’o oynnr.r Nu?u:tg tho Esst ply of money is gomow!mg in oxcoss of tho | wieng’ nlful provisions, thore was notbing douo, g the Boallvd of Di- Wi geniaeal contes of kerdb In Biato_or Natlouny, is well worthy tho cato- | commarelal honor and commorolal craditin tho | nor - tho Wast oan. fford to dopend on: | domand, § ,The mombays genorally wora Indisposod to trado, DREADSTUFFS AND PROVIBIONS ful considoration of our logislators, and tho | Oity of Chicago, by soouring among tho mombora | Lroly upon nuch avonuos for an oxchango of | Now York exchango was quotable at 500 por | sud soon disporsed, Wheat was lowar, owlng to rectors, Liag boon marked by more than usual rogularity, | intelligont ngitation and disoussion of the | of th«; Bonrd ' prompt - discharge of thoir | tholr productions, Ml movoment of grain oan~ | $1,000 discount, xoports of a daclino at Liverflnoh and ordors roe h and, n8 & wholo, has, {t 1s bolioved, boon rosson~ | subjoct will, 1t I8 hoped, rosult In tho develop- | poouiary obligations witlout rosort to the ox- | not hbtlllm"edfl ulw tho poriod of Inke and ?:nnl OPPOSITION O INFLATION, colyed from Now York to soll. Othor grain was ation. Bo largo has bocome the buainess ¢ ably profitablo, The markots have boon loss | mont of mensures of s oharaotor to reliova tho | ponsive and dilatory proceduro of tho courts of | nav Bubflc‘zw to violont fluctuation, and doalors havo | poople of unjunt burdens, and at tho same Hmo | law., In order "to acoomplish this, tho | of Ufilungo with the Iuropoan marlkets that now apparontly sought moro to rost valuos | presorve good faith with corporationn created to ehnhrtnr anthorlzes the Donrd to oreato | and constantly opencd nvenuesforits prosooution on intrinhla worth than by attomptod manip- | sorve the publio ne common carriora, within iteclt tribunals of roforencs snd | mustbo provldug. Presont rallway comoanies are ulations of prices, A large forcign de- Tt mugt bo confossed that logislative efforts In | arbitraton by whoso ~doolelon tho mombora | unablota meet at. ronsonnblo rates tho wintor de- mand hna existod for our loading commoditios | thin Biato to romedy nilogad ovils in railway | sball Sho bound; but 1t doos not oon- | mand for frolght-room, New rondsaro ncodod to during most of tho yoar, and, whfio ouly s small .{ managoment huvo a0 far proved worse thau | fino flm Board to tho use of thoso means for tho | croato that competition that is roquired to orcontaga of our produot lins found consumers | abortive, and it- would, porhaps, be diffioult to | attainmont of thoir objoots. It oxprosly gives choapon cost of transportation, and fo oorrect Euyund our own torritorial limits, tho prices of | pnme any substantial pulubmflund for tho bonoft | tho power of expulsion, and under that power | the ovils and abusos oF rosent rallway manago- tha wholo havo beon largely controlled by tho | of the genoral publio by the legilation of .tho | tho cnr;lomtlon hog adopted this by-law pro- | mont. But whilo tho Dll:ooton would engonragoe prices ourront tn Europo. + o o o Jast fow yonrs on tho subjoot of railway con- | viding if a membor fas to comply with o busi- ontorpriscs g0 woll caloulatod topromote the pros- FLOUR. trol; uuless it bo the knowlodgo gainod | noss-contraot mado with nnothor moembor ho pority and growthof Chiongoas Isthe cheaponing The trade in flour hns been aciivo during o that’ the machinery dovised and sot in motion | ahall bo oxpolled, and in our judgment it is well | of tranaportation of Westorn 'productions, they lorgo part of tho year, and pricos havo usnally [ hau .proved valuocicss. It may bo eafoly | adapted to securo tho objecta whioh we havo | would not approve of asking Oongroeas to mako kept pace with thoso of wheat. The recoipts | assumed, as domonstrated, that {ho attempt to | named, and prosorve tho high charactor and | granis of lands, subsidies of monoy, or remls. have boon 2,487,370 barrols, againat 1,692,014 in | establisli by s genoral law a ‘'schodule of rates to 9.r$vllt of tho Board," Tho Qourt goes on to say, | slon of datios to any corporation, mor wonld 1872, Tho " city manufacturo hina been 264,308 | bo chiarged by ratlway corporations, irrospootive That s corporation purcly commerainl In its | thoy recommond Congress Lo grant a charter for batrols, an Incronso of 77,305 barrols ovor 1872. | of times, amount of business, or othor ciroum- | oharacter would soon ceaso to bo respoctablo or | ratlroads withont tho rostriotions named jn tho Tho ubipmonts havo aggrogatod 2,303,400 bar- stancos, is abaurd, and must bo eithior inopora- | rospocted if it toloratod amongst its | momorial to which. roforonco hns boon made, It rols,—muioh tho larger portiou of lthuln?ahlppuu tivo or groatly damaging to tho patrons or own- | mombors » violation of an undisputod | must not bo forgotton that raliroad corporationa by rail, These figuros are very lnrgoly in oxcoss | ors of tho rallway, or porhaps both, DBubtitdocs | contract, is too plain for argument.” | aro scoking to ostablish oustoms aud prinoiples of any provious yoar. not follow that no propor rostrictions can or You are, thorofore, to bo congratulatod in bav- | for common earriors by rafl differont' from - and WIEAT, ¥ onght to be placed on this olass of servico, which | ing & ohartor, rules, and by-Imws that have with- | othor than those observed by other carriers, and The roceipts of wheat havo beon 26,200,602 | may, not lnuLmrupHa:nly. o oallod & publio gor- | stood the most florco assaults, and that, by ro- | the jssuo to-day is in part whother thoy shall bo bushols, against 12,724,141 bushels i1 1872, Tho | vica. It probably is noar tho trath to stato it as | ferring. dlu}mlud duostions to your own ohomon | subjeat Lo the same. reaponsibilition and ponal- Inst ¢wo crops of apring whoat havo boou of un- | a fact, that tho logisintive powor, In scoking to | tribunals of arbitration, you can give deolsions | tios &8 aro othors whio are engagod.in transpor- usually good quality, and the markotablo sur- | do too much, has failed In scoomplishing any- | according to equity and Justico without *‘call- | tation, lus, ‘ospooially of the crop of 1878, Lns becon thln[iflthnz m:}m to bo dono, ing into roquisilion cach yoar every form of action GRAIN IN XEW YONK. firgnly in excoss of any provions year. Prices It is an entiroly now fenturo of public policyto | known in American jurisprudencs,” sud you can Inl.lmnu‘l( conuocted with the. question of o nominal, In anotber part of tho papor wiil bo found a Tho dry-goods market presonted no now fop- copy of the rosolutions adopted by the Mor- | turos dosorving nlumlun. o libornl amount of chanta' Exohango of Ohieago in opposition to an | enlos bolug nccom& ished at substantially provi: inflation of tho eurvonoy Ly tho lasuo of moro.| OB quotations, @ ':’v‘:"’xfu“’"‘"'“c?h\'mld‘)"hll}' £ tnils groonbacks, Thoso ronolutions—which are tobo | @18 IRANES: BC, WOre wnehange Valuai; y, but all other forwarded to tuo Hon. Juhn Stiormun at Wasli- | Joading articlon waro hold with fismncss, Thore ington—wero_signod by eoventy-ono wholosnlo | was fair potivityin tho buttor market. Doth morchants of this city, whoso aggregato busincsa | local and Enstorn buyors wero taking hold frocly 1 reprorontod by snlos of goods to thoamountof | and at quite ~as good ‘prices ay about $60,000,000 per anouin, Thepetition was in | hnavo provatlod at any timo during the prosent clronlation for siguatures only about four hours, | soason, paying 20@40o, - aecording to quality, during which timo all tho names wore appended, | Chuoss i quiet, but holdors aro making noeffort It it wera clroulnted anothor day, It Is probablo | to incronse salos, ay the supply of prime cheose that a8 many more nawes of mon’ of tho same | I8 not suMolont fo earry them through, and thoy businesn-atanding in this comuunity could be | 1ook for higher prices a littlo Iator in tho scason, obtained to it. . Tho fish trade continues active at strong pricen. HOW XENGLAND REGARDS OUR GURBENOY pigous- | Tho only quotable chauge noted was an vauce BIONE, of 260 por 3¢ brl in whitafish and trout, Dried The Stock. Exchange monthly olroular of | fruits wore™ solling with wsome liberality ate Messra, Valontino & Co., London, containa the | frmly sustained pricos. T'ho only doscription in following sonsible romarka on tho currenoy quos- | Which thoro was any appearanco of woskucss tion in tho United Statos: i3 wan opplos. The doprossion in thia fruit v, The ousrsney questios in the Uniled Alstes sontin. | howovor, belloved to be but temporary, asstocks Woa_to oooupy the ttention of the nation, sud finan- | aro known to ba light, and aro mainly in the clers may derlyo {ustruction (rom studying tho subject | hands of parties who will not part with thom at A4t saluts 1 Amerlza, o avontiou ot contracton | tho prices now omred. Fesohos. Bisokborrion. wottlomont of the yolumo of tho ourrency, It is a teot | TAISINB, pruncs, snd ourrants aro held with con- - Marked Incrense in the Various Divigions of Our Local Business. Verification of The Chicago Trib- une’s Annual Reviews, = _fiow and Why Ohioago Weathered v the Financial Storm, Treatment of the Currcney, Transporta- tion, and Grain Problems. in the main bayo been entistaotory to tho farmer, | fix, by logislntive enactment, s schedulo below | avold *tho oxpenoive and dilatory procodure of transportation is that of charges to which grain fidonco. s i nI::d tho movoment lias hoon lloary and notive, | | whiioh oox oration or s oltizon shall not por- | tho courts of lnw." srriving in Now York is mb‘}v:ot. Complaints | Sfras morality of the self-denial, of tuo knowledge, In | 140R50 Nln.[:a:w:l‘nt:!m Tolod, o tho conl, dy D i & word, of tho general capacity of tho pooplo who hava | bagging, pig-iron, paiuts, and tobacco markets, !colll‘l‘:;n (and e adiotat 1nn'x(1 tn uer{wco, but fli{s tho laws ?r ’thlu 8tato GRATN INSPECTION. :m ‘mn ]:: tl:ut charges l’lur wol ).:lngo xg{: l"‘l° lt?‘(l w“,}:?‘:h; md‘i‘“ mfl .,m,'fl (;; “t“x{!mxfllx:nm hmu“l 0"?11“‘:]“ qun:a(} flm]:. 0 ndjolnin n railway companies in mumer- owing bonts ara oxcossivo, and o) 0 | with tho oxcopflon porinps of Great Drl Official and Statistical Proof of stg"‘l‘n’g'o‘r:%_fit::;n 1812, woro of upusual v inrgy ous instancos, by tho acapo oF ko bl how in ,.,;‘.“,‘Jf:2‘{‘&,"{':;,’;‘2{;‘3,‘."‘?}”;’;{:.".’:Eflfr&ifl‘}}}“ projudio of our irado-rolaHons with that oily, | Hood. — Som. san besr sypsasiste et i Ik e o cumbor waa again renorted . Our Commercial Prog- Tess, activo, and an advadcs is noted in common kum- i Tatter Torui™ Ut & an okt | DO% 0O quotsble i ot SI3.00@14.30, luglor th he may do to lis_constitution by yartaking and lath are aigo firm at quotationa, Motals aud );ro ortious, and of excollont quality, ‘Chat of | forco in rogard to charges. It wonil scom Injury to all classos concerned thoereln, tho Boare uol nhnr&on aroa direct tax upon grain, and 872 s of 60y \Bing Whickh WOld five, him Deie gratifica. | nails wero stondy and firm, under unntlnucli\ was not sooured in as fino & condition 0s tho onough if citizons woro protooted in this respoot | of Diroctors did during the Inst sossion of the | undoubtedly are the rosult, in part at loast, of provious ono, which matured during the excop- | agninst unjust nud oxtortionnto cun;ias._nn al- | Gonoral Assorably of this Btato, seok to sooure | the want of proper fnoilitios for receiving, tionnbly dry autumn of 1871, and honeo not likely | lowed tlo full bonefit of tho compotition mlns such changes in {hu Iaw 08 wero, in Lhoir opin~ | bondling, and storing grain ot the, sovaral rail- to keop a8 woll whon stored in warcliouse. Tho | of thom have purchosed at heavy oxponse ani lon, demanded by the intorests involved. To | rond torminals at that point, -With a view of re« movemont of new corn, during tho wintor of | sacrifico, this purpose, committeos wero nppointed to viait | moving or roducing this tax upon Westorn pro- 187378, waa vory largo, and the spring found our Thisolty hassuffored thoovll offcotaof the Btato | the Loginlaturo at Sprin, eld ; .né’ notwithstand- | ductions arriving in New York, a commitice han clty oleyators nearly full of corn, & cousiderablo | loglslation in rogard to ra{lways in largo mensnre ing membors woro publicly ndvieod to givono | beon sppoiuted” to confor with officors of the ortion of swhich was not in condition to justify | during tho pnst six montls, by the dlversion of honring to tho Commiltce from this Board, thoy | Now York Produco Exchango Asaooiation, but as {}oldlng until the lioat of summor, and appro- ( business actually forced away from it by the op- | wero courtoously invitod to attend joint moot- | yob the Committeo havo not had timo to act. Lionsions of hoating wero realized to s largor | eration of tho'laws, and many points in tho in- ings of tho two Houses, aud it is belioved Tleoont oxporionce addod to that of last yoar, dogreo than for some yoars provious. . . . | terior hiave boen. similarly affected. All advo- thoy woro ipstrumental in obtain- | has domountratod the need of roquiring from ‘Tho crop of 1878 fs, from all prosont indications, | cates of railway reforin aro agreed that compati- ing’ modifleations in tho Warohouso MANAGERS OF ELEVATORS largely below its two Pmdncmnm, both 08 to | tion Is the most effectunl romedy for tho corrco- | faiy that have provedof great yaluo, Thoy, how- Ennrlntau or scouritios not horotofore given for uality and amount. 1n Illinois probably but | tion of abusos, and it scoms strango that tho | ever, failed in Influoncing tho logislation doemed | tho dolivory of graln raceived by thom for store. fltuu, it any, over balf ns many bushols in | first blow of logislativo powor should bo leveled | most doesirable. It is wo 1 known thnt tho busi- | Tho aot of 1871, requiring managers of publio wolght will Do realizod as in 1872, " Tho orop in | at this acknowledged rogulator of tho evils com- { ness of inspecting grain was sssumed by tho | Warchouscs of Clasa A to pracuro a liconse be- Towa is also bolow tho avorago in yield, butprob- | plained of.. . . . . Btato by virtuoot alaw ennctod at tho instance | foro transacting Lusiness as warshousemon, and ably not doflcient in as hrge & monsuro a8 in | * Tho improvemont of the water routes of the | of farners and country dealers, who had boen | requiring bonds with suroty, conditioned for tho Tllinols. It would apposr that our recolpty for | country aro concoded tobo within tha proper | made to believe that the business would bo moro | folthful porformance of dutiés of warohousomen, 1874 woro likoly to bo matorinlly loss of this | scope of tho operations of the Genoral Govorn- properly dono by tho State than by the Board of | togothor with sovere penaltios for the violation corosl than the past yoar, even “admitting tho | ment, aud modorate oxpondituros in this bohalf, Trade. " Whilo it may bo due to tho prosent | of tho law aa provided, it is bolioved ia woll faot that thoro still romain largo smonnts of old | if mndo .. at" poinls judiclously - solect | Bonrd of Iiailroad an: ‘Wuroliouso Commission- | sdapted to protect Toldors of waroliouse ro- corn in producers’ hands. Prices have lm:fuly od, would tond groatly to’ facilitate | ors, and tho formor and prosent Stato Inspectors | coipta, Tho elovator proprictors of this eity advanced noar tho closo of the yoar, as tho dofi- | tho busingss of transportation and Lring | and Warchonso Iig strars, to ey they | refusa to prooure licensos nnd give bonds aa oclonoy in tho pow orop” became moro fully renl- | noodod roliof to the country at largo. Perhops | ovinced s desiro to romoto - the in- | required by the law, on the ground that certain ized; and tho rocofpts for tho last two months | no ‘R:Fmpxlnuon of an oqual amount of monoy | torests of the trado, and havo sought to | Beatious of the act aro uncoustitntional; bub in- of 1673 havo boen much less than they would | would produco so much roal good in the way of | know tho views aud ‘wishes of the mombors | ssmuch ag the decision of tho Supremo Court of havo boon under tho influencos of o botlor yiold | controlling fieight rates as tho construotion of | of your body, it must also bo said that under | tho Btato, aa to the constitutionality of tho law, for the supply of another yoar. Receiptsfor tho | & short lino of caanl from the Illinols to tho | their administration complaints for unsatis- | i8 expected soon to bo promuigated, it may bo yeor lnve boen 88,167,231 bushels, against 47,- | Missisaippi Rivera on alino noarly duo west from factory and erroncous inspeotion havo beon ag | Wiso to await such decision boforo seoking ad- 106,087 bushels in 1872, this city; this would opon » continuous wator froquent as beforo; and that, notwithatanding | ditional logisiation upon tho subject. OATE. navigation botwoen Lake Michigan and tho hoead | the object of tho law, and the plain duty of its OIIOAGO AND THE PANIC. In oats, the courso of trade has beon of & ro- | walers of tho Missisaippi River, with its naviga- | ofticors to_provant,’ dotoot, and exposs waro- | , The evonts of tho year havo not only proved markably consorvativo ond logitimnta character, | blo branchos above Rock Island, and, if oon- | houso frauds, tho mambers of this Board have, | tho atability of onr oorporation, aud tested thio tion at the moment, aud habitually rofraius, ho will | good domand, = Iron and steel wore unchange: oxcrolac fn o small wway s restralnt thst the uationis | Wool was quiot and not particularly firm, thougly callod Lo exerciss in a lrgo way. Lutsupposebo | without quotablo chango. The "amount doblod whothor tho Indulgence would be iujurious, | offoring is auall, Consuinora ars buying Juthe rufralued, then ho would exorcliss xostratué | jions only to meet. immodisto wants, prices ry unuaual, {0 whore (o cato adinita of ‘an argu e ottt oo ey Ph ment in which iho zoason may bo convinced in favor | TUIINE, Hie: St g oy have, of tho indulgonco, that s the direction it is almost cor~ | dono for some timo past. Tho order trade’ tain to tako, It ix for a somowhat analogous canso that | in broom corn was fair in tho aggrogate, and the natlons which have onco embarked in an frrodcsmabls | feeling among denlors is one of fiimnoss for all feper ourreuoy v nover got lo sioro wnlil thoy havo | grados. Hay was dull, tho domand, as usual, u shipwrecked in ropudiation sud bankruptoy, with | Boing fimited to what fs wantod for 'omo con.: the ainglo oxception of Kingland after thogreat contl- | gy 0 EChy 0 FRhe B FIRIOS (o, Bows con et » Bics bEama il Ahot waa only aclloved | Flints, e offorings, thongh small. nra. ado: It will by soon trom thia that to many eensiblo | duste; Poultey waa rathor quiot, but withou) g:?.‘,’}e :: I{‘;““: g'“:h': ’:’v:“;é'fif fi‘,fhl':.‘:;‘ de- | ® Provisions woro quist. Thore was & fair a8 ing ' thlloth k Jions: | momblago of doslors, but the trading was limitod! nlln':!.rc&a_ t; m ({x: :LLI lb “(:'n,':}xlln ):o.llnt !tll;ons to threo or four transactions. Aless pork was a' }tgns e U ML dnngarog 1t | Bhade easior, solling about 2i¢e lowar for March! VO o it thero is -much lous dangerof It | 44n the cldsing on the Call Board Saturday now than thoro was o fow woeks ago, 'Lho pro- evening, while lard moller Alarch and! tost of Oblesgo morcliauts sud businoss mon | jpouigtl malor April wora strongor. Othor rocontly forwarded to Congroes againat any in- articlos undor this thoad were nominal, orougo of mfin“’l“““‘ of rroonbucks, lns Bad { Joojiotincare the quotations: Moss pork, cash) moro offeot than any other oxpression of popn- or goller February, $14.10; do_soller March, lacaprtinient Bt /oo inds oo tho our- | $14,10@14.123¢: do rollor April, §14.573@14.40]! £Qu0y. queakion. Kum WAnLur, proved that | 3o geller May, $14.673¢@14.70; prime mess pork, Bonators Logan, Forry, and Morion did not | a90'50eh07ad ¥ e orimo da B11.76@11.60" Toproseut tho gontiments of tho businoss men of | y 5 "EEoE e March, $4.80@8.82}¢ ; do the Wat, sa thoy profoseod to do in domanding | wiith 30,07 ioe Bacet, SERIGEINE L do an lnmi:m:n of grocubacks., We believe, how- £9.1754@9.20. Graon hawms 'at @940 for 10’ over, tha - Béoe-lpts and Shipments of the Loading Articles of Produce. ‘Wo print bolow voluminous oxtracts from tho annual roports of the Secrotary and Directors of the Chicago Board of Trado, togethor with the totals {n the various dopartmonts of €Ommoroo, showing tho trado of Ghicago for tho last yoar. ke THE SEORETARY'S REPORT. Ouzoado, Jan, 1, 1874, Charles E. Culver, Xuq., President ; 8n : At tho boglnning of another yonr I bog to prosent to yoursolf, tho members of tho Board of Tradoe, and othora intorosted, tho six- tocnth annual roport of tho trade and commorce 'of Chicago, ombracing the statistieal compila~ tons of thobusiness of 1873, and othor mattor ©f a kindrod nuturo. In prosonting theso stato- mants, it may bo proper to refor somowhat in do- tail to tho loading oharacteristics of the yoar's businass, and, perhaps, tako a hasty viow, both rotrospoctivo and prospective, of tho gonoral situation in o businoss point of viow, and 16 Ib avorages; swoet-pickled bhams, N AND MORE fir Ll d prices kiavo suffered no mnterial fluotun- | Biructed, wonld prove the koy to all frolght tatos | for thoir own information and protootion, beon | Strength ©of our banks, morobants, and | YNER BANKING 18 DZCOMING aonm 934@10%¢c; dry ealted moats, foose, at 50 zh:)::‘;';ytel:t Jfi’i’éfiflflifiu §..:”"Z’If§“w'i§ :Eusl.‘—o}‘emnu“m January ab 2434 conte, and, | On praporty orosaing tho Mississlppi Nivor abovo | obliged to instituto mvestignannnoln?o.w:m. ‘manufacturors, but havo ‘also_catablisbod the FOruLEt, for shoulders, 730 for Cumborlatds, 73{@! 3 and thist it » memorial to Gongrose, were clrou- ¥ \ Inted, in {avor of romoving tha Jog imlt to tho | {24° % 1028, Slont 1260 forehort ribs, 6@ T3¢y sgarogato amount, of Nutional nuk iroulation, | ooco' thoso prison. . Groon menta 35@aco Tover! thus -pormilting the unroatriotod incrosso of | 4100 °uaited do. - Meats for Aprit’ delfvory 3a] baulk notes under tho presont requirements of highor, and for May 3o _higher, than cashi the National Gurrency act in rogard to tho do- | o800 T oF ) ¥, 63(c for shouldos,! Doals of ‘bonds. for” gaonity, aud thls Joneal | Bigo for ghort ribs, 830 for shord: couple Wi 0 roguiromont A 0 . Bunks” should doponts 3 Zoservo’ fund of 6 poe | Sloan, Al packed n botos the semol i 3 | cont in tho United Blatos Bub-Trossurios, such | i Mide 6o highor, Drcon hams, 114@15)a. & momorial would bo sigued by alarge majority 5&75@10.90’; baot hnms,’ 825,00@23.50, Olty’ of thoso who signed the protest ugainst tho is- tallow, [63/@04o ; groase quotablo at 43(@7o.. Buo of moro grooubacks, Pooplo are bogin- { galey iora ropottad of 500 brls moss pork, aolio’ ning to undorstand thst infatlon (meaving | oyl at $14.103 250 tes Inrd, sollor March, at « - marked by gront activity and a high degroo of prosperity ; ‘and, during the remainder, under .coneervative infiuoncos, it bns prospered to an eoxtont hardly hoped for during tho lattor part of Boptember and tho early days of Octabor. 'MIE WIDE-SPREAD GREDIT PANIO which foll upon tho country in Septomber last, at a timo whon buelness in this city in oll branches was most notive, did not, of course, pass over us without serious tomporary derange- ment and disorganization in financial affairs, It almost without interruption, apprecinting, olou- | Rock Island. It is hoped the Govornment will | houso managomont. The investigations of n | trade supromnoy of our city. Nntwlflmtnndlnfi' ing at abont 8834 oonta por bushel. ‘Tho recolpts | At lonst assumo the immodinte construction of | yoar ago disclosed tho orpotration, undor Stato | tho interruption of busincas insident to & porio Liave boen lergely in excess of any previons yoar, | this important and necessary work. . | regimo, of Srrng\uari&cu and frauds unpar- | of gonoral flnancinl distross, the trado of Chica- apgregating 17,886,724 bushols, 'I'he Sonato of the United” States, bx an ablo | gliolod in the lustory of tho grain trado of the | g0, for thq lnst twoivo months, grontly oxceods RYE. Qommitteo of its mombers, I8 engaged in inves- country, aud the investigations made moro re- | that of any formor year. ‘The.recont financial Recelpts of ryo have boon 1,189,464 bushels, hi;mcnu into tho guesflun of transportation in | cently “uhow contiuucd violotions of tho lawa, | panio, entifoly MDXENM inits coming and in In 1872, they woro 1,129,080 bushols. Pricos | il its boarings, and it Is expeotod that thoir ro- | It would seem that a fow momonts of reflection | ite sovority, ovortaok the business mon of - this Lavo ruled stéady. Tho movomont esatward hag | port will bo a vory valuablo acquisition to the in- | would snfiico to convinco any ordinary miud that | city in tho hoight of tho busiost scason, and beon largor by lakoe and loss by rall; nnd a much | formation attainable on this subject, nnd will, | the inspootion of grain in Chicago is a mattor of | Who, 58 o mattor of courso, thoy sworo most ox- groator ‘proportion of ‘our shipmonts havo ( porhaps, contain suggostions for ‘tho-considora- | such vast importance, affecting, ns it doos, tho | tended, Tho effect of a monoy orisis, undor Toachod tidowater than in tho provious lato | ton of Congross and tho countty that may losd [ valus of many millions of dollars’ worth of | such ciroumstancos, could not havo boon other- yerrs. to a solution of this absorbing quoation. property which changes ownership many timea | Wito than disastrous. Al cities and all intercats DARLEY. Apologizing for tho length of thoee introduc- annually, and that tho ndoption and suporvision | #ufforod alike, but mnot oqually, Whilo many The trade in_barloy bas been Targely con- tory remarks, which have grown to proportions | of tho execution of rules governing grain-in- | sesociations eimilar in character to our . | by thot, an incronss of ourrency that TV - ol sy vl fo i Syt | 515, "ot 0 Bl | PG it Fo R T | SRR S B g | Sttt Bl (Bt e Bt o ol | At 0 RO R R Smauo affedts of Ao dity calunlly | Ly, 8 Lo%, I s DT amra | ¥ ’ Omanzzs Ranvorry, ooretary, | businoss And sk yorfoot (ammlintity with thy | t0 uspond businbss, this Bosrd "of Trade. suf. Do praducad by thio: s of " mare’ grasiiel, ighwines wero nominal at 94@9434o. i which befell it two years provious, to reou ate oon EnL0f Without much reforonco g " 'ho incroage o ank-notes, lowever, coneur- o undor many weary gm,,“}; of struggla Mf:;:m_ immediate consumpiive domand. 'Tho orop of e puntaof the trde,, togathor itk muoh.oom. | fored no’ djournmont of its regulac huslocen | o8 SIS O BUECECEeN (ORETEE Drossod hogs wero inastive and nominal, 18’ ly in th . but th b REPORT OF THE BOARD OF DI- | staut care and so muoh of thought and | Bessions, and notone of ite mombors was ro- i T e e at Sisougtiout £ REOTORS. . tmo, s to rondor o ‘shoolaisly i f poried fo iva fallad by rosson of tho panic ity & . " ossiblo for a Board o 00 _Uommissioners, N u fl;.“ ‘At tho :&ifl%‘l"tl‘n’: ‘y):n‘:‘ 13“11:(::1 ‘a{ fi’: gu.nrln Gentlement, Mombers of the Dm]mi v mlfll b gnvgng hondquartors 160 milos distant from this mamborshjg of our Assoolation is but an {llus- unkottled, raging from $1.40 to $1.45 por bush- | 19 oonformity o tho rulos requiring at each | bugingss, to Entisfactorily control 1ts conduct, | tration of tho matked growth sod prospority of ol. Rucoiplu of tho yoar wore 4,210,230 buahels, annual mesting a roport from the Board of Di- | and at tho same timo succoed in enforolng Iaws | thoso intoreats that mako up what constitutos LIVE BTOCK, rectors of tho condition of tho nffairs of the As- | regarding the mnun{;umnm of railronds, It is | tho business, trado, and commorco of the city in The attention of hlm mers nppcarakto be in- | gooiation, and also in accordanco with tho cus- ::5, %‘z’:fixfi{:} ;um.";'fo?.‘”fimf"“ th:dpxmouon: :nw l?nl‘l‘;’l:l‘:fiomnllggs 1&:::1‘:.3 submitted in’ bo- + . 0 Prove hsatisfac- e et AR, 1?&2"1‘!35.;‘5«13’6,;3‘31‘}1&‘;? 105 ot aroprim oaitaln ot ths prooeedings, aud | yory. o this copnoction it may not bo impropor Oninves E. OuLves, Prosidonts until'the business has ronchod vast proportious, | B180 0f making such suggostions and recommon- | ¢o uny that it is tho unanimons opiuion of your ——— “Lho rocoipta of tho past yoar have boen, of cat- | dations as seom to it proper to make, the follow- | Board of Direators that compulsory inspection, RECEIPTS AND SHIPMENTS. sl Mt baad, of bgn Uiesud chomad | tagle vromied asondicted b s Sak, 2 ol Viong i |t ollowng vore o et o s ondlog 3,‘5700;&"'. 0840761 'of hogs sniss,sz:a o al| Atthelask ol Deating Hotriciantal to tho. iiorostof Tho agonitux. | Bxicles of produco for threo yoara pask : oven if tho contraction of tho Intter woro only 1n the °‘\-ggg‘:"i&g’“{,ifigd";;~m°';°l{§,;":;,,3“,;§?5§~., s zatio of 26 por cent of tho incroass of bauk- | giging about 8 from tho olosing prices of Sat- notes, would be a movomont in the direction urday, tho dedliue_boing caused, it was uuder. of spocie-redomption, If the banl-nolos only | giood, by n lower Liverpool, and ordors to aoll Inoroascd onongly, tho process would finally brivg | (ora faceived from Now York, Tho trading wae D8 to specio paymonta. At the 8amo timo, £roo | chiefly 1 sottloment, Sellor March sold oarly banking would mettlo tho voxed question as to | §150%-"und" closod st ©1.193¢ Sellor April ot Wwhothor thore i currency enough. It would on- | g1 a37¢! ablo the poople tohaye all they could use. Coru was quict and nominally ensior. No, 7 THE PROFITS OF FIRE INSURANOE BUBINEBS IN THE | way offored at 68960, eoller March, and G9i¢c UNITED BTATES, gollor April, but no sales woro roported. Tol: The Spectator (Now York) publishos a sot of | Jowing atatho cloalng pricos of Batardayt No. & oharts iutended to show the flunncial condition | gorp at 58%(0; now do_at 53%c; old rejected a sud business, for tho yoar 1878, of tho o, n- | E3@rdido; naw do at 5o, Seller March sold a barragsment ; and, indecd, bad not an active foroign domand existed for thome staples of which the Northwest has an abundanco, we . might, and probably would, have found tho re- sults much moro serious than have been realized. Individusl embarrassment undoubtoaly does exist in our midst, and in mavy instances whoro crodit bas boon obtainoed on enterpriscs not im- medintoly productive, or only partly dovelopad, eacrificos may stll havo to bo submitted to ; bl taken a8 an nggrogate, Chicago may be snid to bave safoly weathored the storm ; nnd now, at tho outsot of a now year, with snils full-spread £ 5 3 X ance companios of the United States. Tho i 3 i o tho favoring brooio, again ridos malostically | shoop 010311, Tho sotal vabuo of 1ive stook xo- | ¢ vonoried o bo ae Pt fatojof. o Nontwaty sl dawaging Lo LT . | Chasts inclade, we ballove, noarly. (thongl noy N on o Bty Toyees pril closo: on hor way. Qur early rocovory from tha shock | celved at the Union Btock-Yards of thia aflgf In | e hundred shares of thio slook of tie Oatie e e Taott to e oago: | Fiour, brls 1410077 | not quite) ol tho companios in' tho United Onta Aold on Baturdnyat tho following rang of the financial hurricane which o' complotoly “7“'4‘“"55},“{““‘;},;‘5""&‘;"“‘33;"5”‘"i“"gg Bt | ™ok of Commorce, coBte,ess - 505,801.03 | of th?s mmm{ and thoy sabmit m”;‘?n:t; gnm b, ll,w?,;lgg Btates, and tho figures givon furnish somo Intor- | of prigos : No, 3 at 45@4330 ; closing o 421 D e g 0o ebtar cltios, e B s | parr woaeing It o firo- T e g 178525 | yon: Hos not tho timo arrivod for this Bonrd | Osis’ bu- 14730414 | o8ting hints as o the averago profitabloness of | 435¢0; rojoctod at 883fo; tollor March 4255c WISE POLIOY OF OUR DANKS in rofusing to ylold to tho dovico adopted In most large cities of paying their dopositors in early movomount of stock; bor and Decembor the recoi) in excosa of any correspon nd during Novem- of lioga woro far g time in provious Total,.. 120, 2,011,768 B6LT60 4,009,410 noticeable feature in those charts is the oxtent to Yoees | of Trado, sotlog, es it sliould, aa tho guardinn of | By b . which firo insurauce business in the United Iyo olosed at 843¢@850 for frosh rocoipts ¢ insuranco business iu this country. Tho first | sy solior April at 433¢@43}¢0; MMuy quotabie ntorosta of this oity, and of. tho | Barley, 46! tho commorcial $70,072.50 | welfaro of the country tributary to it, to tako ; Totalbroadstfibn 98,035,410 89,420,003 63,618,200 | Biates is conconteatod in tho Stato of Now | No AR o Sy nl ot 8355 Guds. unnuthorized and illogal cortificntes of indobted- | years.. o eun,go000 | 25Ye mossures to cnligbten “producors, aud | hesh, prgs Cas T rwa e | Yoo, Thus, tho aggmogate sssola of tho | Nl arSein’ a0 dusted nominal ac 82)4@ e, ness, thoreby, instead of assisting to allay, con- PROVISIONS. it LT 4280000 | othors ablpptmirn gral ‘:zo 18 warket, of ‘their | Pork, 3 131,054 Sorass | 190 companicn in tho Unitod Btatos is $130,900.- | pricos of Saturdsy woro : No. 246 #170@1.12 :flbfilflnz} dl[n‘ o em'i-ll‘ flfisrw. h:liult;;cn«eo thln Euhu prul{lfll:; trsgmns bmfil luzz. -ndflggn- Trom clorks tiakols" n o 'Bib00 gg&n‘;fi;{; mtln&:au%fi‘g’;g&nfixfl"Ifl:c‘: Dleals, T8 & 4 dscains 30000832 | 161, whioh s divided s ngmxu;vc?tm pales 3‘ 0. 8 3L.56@L.60; rojocted $1.40. Thore wa ‘coling o strust so infectious and al upi- | er: roduc ol 3 - | i ' tickots . g i+ .2 674 o tho Unito atos, i . vorsal. It whsa noleworthy and most {Datrac..| Somiian oxiated for both maats and Lot for thie | From ont of sapls ket %.32}.% tho inspection of grain upon tho snme system or | Butter, tbs. 105 14,674,777 10, forelgn countries (assets ) | nothing doing in options. 23, 09 11,410,493 ; companlos of Now York State, PRODUCE BTATISTICS. bive facy that 80 soon 54 it boraino n settled | European mackots. ‘Tho movemont Lug oo | Feom dividends on ‘Obember basls, aud undor tho game control as ia tho in- | Wool, s iaroos o 4 el ] Y ,03¢ | 840,418,801 ; companios of other Btates of tha Yorkk Producs Erchange Weeki polioy on'thio part of our bunks that thoy would | slondy, and tho domand active, T ember of - 88240 | spoction of flour, and that of provisiony, high. | Kidss be Gisnets 020400 | Ynion, 60,074,600, A o asalst, to_tho extont of thoir ability, in tiding | hogs Tacked during tho scason of 187278 wan Total, ... Jinos, sud otlier pioporty Lought and sold on | gaif, ‘be 006,613 F03,017 | o 'fallowing tablo shows tho aggrogntos of | i, sxport clearsnces for Earaps from the ports ¢ over tho dificultics of tho momont, confidonce 1[‘456,»50; and up to tho 8lst of Docomber of | Cash balance on Land Jaw. o, 1673, Change in this city. Ligfors nid i sEisi 120,000 | the loading 1tows in tho statoments OF ench of | wa York, Dostow, Rontrenly ullsdogomia, sud it bogan to rovive, and, instend of heavy drains | tho prosont messon tho numbor pnoked was R — BlOLT WETORTS, Jriyiess 20,505,036, 1,845,101 | £ho throe clasees of companies abova mentioned. more, sggrogated, Wero for the undermontiouod woek upon ]:holr vaults, mnnofi bcimd to fl%\v h‘:), mfl 1,04}0,(;“8.g TFor ufi\l corrns}mnding timo in 1873 E $99,005,62 Gum:}]nmtuhm:%: for ;,fi:in arriving by rail- 1,508,024 1,081,473 | In tho case of tho oloven foreign companics, six | as follows : ~they becamo stronger day yh ay. fl?l of lr it wns 659,643, e total packing of the pres- 5 zax mm;mmfir:lnfln or rnnhmm rond fall ng? 8!‘ quantity, 08 compared with 1,183,650 1,000,328 | of tho Itoms aro wanting for n eompleto com- Flour, [ Wheat,| Corn, [ Zyc, Peas illutration could bo adduced that oonflaoum b | ent senson will not, probably, fall bolow 1,600,- et gxpintcs, including reu, hest £90,090.07 shippor's weig] ‘{!d AI0 80 numerous and sorions 610,834 647,603 Fnrinnn with Amorioan companies, but the lead- bris, | bu, . | bu. Ko, oo, muck atoy samuot 5o £1va £ | 1o Sxpuniatto o 0ssShon s g, 140 Vo3t | 1ol St i iy S04 | a8 b usity wa ¢ oo sugganied st welptunee sdsye oo | Ibg itoma of © rocoipts,” losaes, roks, oto, ale. | oy B our bankers for thelr very succossfal oforts to LunpER, feck Iuvuatipation, of, ondty Elevator, sppoluted by tho Hoard of Trade should bo 2,005 "miaacg | Bragiven: Fou. Sue| G sustain the financial standingof thocity,its | "The recoipts of lumbor and shin[ilea have | Trade,,. 5,101,7a | Placed in tho olovators to seo that grain, ssit is | Tolow, 1ba... Noroport No report Jan, 84,9321, 11 morchants, and thomeolves. been somewhat logs then in 1872,—being, t lumber, 1,133,38,71 foot, and of slinglas, 617,- | Annual report 923,000, " Prices havo rulod lowor; nud 'for & | National Board of Frado, considerablo portion of the year 'tho domand | Vitldrawala and docoasod ‘Hiomio Liag boen light, with & dull and lifoloss macket. | Additionsl payments on ccount of 5 Polatoss, bu...l Noroport - No report Market roports, 4,000,81 | recoived, is ocorroctly weighed, Ilevator pro- b SIiPAENTY 216437 | priotors allow publio wolghmen, shipmastors, A i ; 0530 | Bnd agents to vhatolt g fally this m?ghmg of mfifi‘;x“’“ww were the ioorrenponding ebip- 1,20 | grain received from and shipped by vossels and ¥ 1873, 1879, 1871, 1,807.70 | eoual-boats, sud thoy have exprossad o willing- | wiour, bris 2,803,490 1,301,818 1,287,674 FINANCES, Payincuts on accol A ness to accord lko privilegos to those mov- | wuesl bu. 24,456,657 12,100,046 13,005,449 Chicago in rospoct to _Its acoumulation of sol- AT vveeeaiies 911349 | iDg grain by railronds, But as long as rail-'| Corn, bu. 00,754,043 47,013,850 86,716,040 16 onpital hua advanced within tho past fow | Purthsso of i siares of Ghnmiber of Gots road corporations do ~ mob soknowlodgo | Qutebu. I0LIE - 13260T TLIELAUT 8 - BUILDING .OPERATIONS have beon Ereauml less vigorously during tho past yoor than in 1673, but still & great numbor of substautial and olegant structuros have beon eracted or are in progresd, The businoss contre of the clty Is now woll bullt up, aud the capacity of nearly all new buildings bau.u.i grontly in ox- b cess of thoso of anta-firo days, it is not surpris- ' Total, dwooks, . 11498559, 491,87211, 152, 65| 79,081 | The visiblo supyly of grait, includlng the siocky 0 yi 4 ! t the priucipal points of accumulation onrs in & vory Iargo monsuro, and now proba- | MOFOS BOCK..eesseseesressessaseeserer 35,042.00 | or admit thioir rosponsibility by guaranteod bills | Bye, bu..ii12iil 00y 3 el 4421 RosboArt orts, in tranalt by Fall, and froz fog that many of tho upper storlos aro only part- | My possoases na talE & proporion o aean A 2 | 0t Tading for 1o dunntlty oF Gria. Ehoy sacetve | BaEIeT bt tie S900,001) 6,003,008 ¥ 3,5 B o Vor canala, i ne 1y ocoupled. "ho inoreaso of capacity, espocially | moans engaged in, or obtaluable for, business | gu o iss af Hromsd 5 $9080246 | and undortalo to carry, tho ovils complained of otal, DLEOT,02 0,804,338 71,800,780 i) for offico purposes, is cortaivly all’ that could purpasos o8 ot of the eitios of tho country. | gaah in hands of Secrotary. . 8,98 cannot, in tho aglninn of the Toard of Diract- 55008 ' agol ' 804x T have beon expocted in full ton years of such im- | fho capital employed in bauking, and iu othor | ° g —= 1036 [ ora, bo'romediod by simply watching tho woigh- 10414 203/6H 19,124 Instoreat b | e | G | e ! provement ag was likely to hava been made with- ways availablo asloans for commercial pur- ~———— | ing of geuin as it goes into atore. Fortunatel; 043,080,041 245,288,404 103,113,691 T out the intorvontion of the groat fire; and it | poses, is not, porhaps, as large g could bo profit- Total.,... Seissi i ... $00,005,02 | we have u Inw that, if eaforced, would most of- e nian e Sl L may bo soriously quostionad whother construc- | ably absorbod ut soasons whon tho movement of ABSETA AT THE TRESENT TIME, feotually romove these complaints,—s lnw ,‘}fi!fi‘g&’ g LGt aflun?f»h o |am 168,93 tlon has not hoon pushod to an extont und iu o | agrioultural products is most aotivo, but still, | 000 thousand sharon Obamber of Oous- ¢ nescd ut tho instanco of mombors of thu Sisedi awoggmey aveodent g% Bz siylo somowhat in advanco of prosent noods. | uo graak inconvouloncs s suffored from tho lactt | Z0icS, EIOCk, COtt.... ..o o 9040008 | Board, and approved in April, 1871, That taw 2500430 arI8041 14010080 B8 |§ b - Qiwners of realty aro cntitlod to groab orodit for | of funds for all logitimate purposos. Long loaus | Tuvostmont in Gommerciat T 10'90.40 | Tequires corporations in this' Stato, recoivin '631,107 513,830 450,138 By |29 LT their succossful efforta to improvo their proporty | aro usually taken for account of Eastorn or for- | ash in hauds of Becretary ond Tre: TR in for transportation, to woigh the samo, an d ~§ g3 e in stylo so substantial and boautiful, but oxcopt | cign parties, thus rolieving homo capital for tha “———__ | o dollvor guantity equal to that recoivad. Its 141,048 109,504 171,081 g8s 1615 in the closing of unsightly.gaps, hiora and thero, | nses of current business oporations, Botalesssiessssssnined: $121,603.23 | onforcomont would not only correct tho 17-2“;{-5:’?, W,%?l-"‘;’!' 5-“%-;% 92,783/ £ it would seem now to bo the wiser policy to ro- During tho past year, with tho oxception of a MEMDERSIIP, avil ot short woights, by placing tho respon- S sai'm ".,-‘w i’ e Loain, for utime, from furthor claborato” and ox- | fow weoks whon tio Anancial maobinery of tho | The asseasment for the ensuing yoar lios boon sibility and loss whero {v bolongs, and thus in- | Bhingles m.iii 407000 . dieed BoDas pensivo erections. LI wholo country wae in s disorganizod condition, | fixed at 825 for cach mombor aud olerk. Our | Bure propor care of grain whilst in'transit, and a Osttle, No... our monoy market has rulod reasousbly easy, | present membership numbors 1,653, being an in- | corroct roturn of woights, but it onforcoment | Live Liogs, No, and all worthy borrowers havo becn ablo to so- | crense within tho yoor of 208, would also correct othior abusos growing out of |* Drossed hogs, ours noeded accommodations on reasonable Ragent accessions to the membership includo | tho Bystom of railway management that rofusos 'l‘n\&ovn 1ba. §o mxm;:‘ ;{'a Toport torms, Binco the panio of Boptombor s mors | many prominent citizons engoged in businoss | to recognize-tho responsibilily of the care and | Potatoss, b o pamare ‘Norenort cousorvative lunllu? hag hoon manifested by { hitliorto not Jargely reprosontod on 'Ohange. It | delivery of what 1s rocoived for transportation ; DIRCOTEXRONTT0" RULORS: 04 OUR POPULATION has stendily and largely inorensed, and, judging by all tho ordInary mades of calculation, withont any ofilcial counting, it is probably not loss than ,000. 674,181 510,025 401,001 2107657 | 1,835,604 1,163,380 08 145,701 169,473 1o 462,40, L AR, 0 eapunduios s 2740 ¢ THE WHOLESALE MERONANDISE TRADE thoso possousod of loanablo capital ; and somo | is to bo hoped that othora ongaged in the mor- | and it would also reduco tho cost of transportn. HED 1872, VUL L= of this city has been prosporous, and has largaly | negdiug . aid, and porhapa entitlod to it, have | cantilo and manufacturing, 55 ool an. thons I | tlon, Whatovor ia lost of property by nou\nlnnt, Blon brtay AT a6 ailinsy exceeded tho hoavy busiuess of 1874. A remuark- i B failled to mako satisfactory uogatiations, and | tho banking businces, may bo induced, during | by stoalth, or otherwiso, whilst it Is bof ug moved, | Qorn, bu havo, porhaps, beon somowhat inconvenionced | tho ensuing vear, to give the bouefit of their | adds to tho axponee or cost of movoment, in consequenco, ‘I'his state of things, howovor, | support and Influsnce fo this institation, which Oomfimues transporting grain by wator routos is ot so much tho ofteot af an absofuto soarcity | was oatablisbed with the- desire nok only to ad- | fssuo bills of Inding ;Enmulonlnz dalivory, at of monoy as it i of timidity on tho part of capi- | vauce the commorolal charaotor, bus aléo to pro- | end of routo, of tho full smount taken for ony- tolists to fnvest in loans not immediatoly con- | moto the morcantile and manufsoturiog inter- | rioge ; and such billa of lading are of sorvice in vortiblo, Xt cannot be disguised that in tho ox- | ests of tho Olty of Ohlcago. commorelal transaotions, aud afford material aid ‘ e tensive collapso of last autumn, contidonce in OIARTERH AND RULLS LEGALLY TESTED, in moving tho orops to tho markets of tho world; "Total, tona, sevesereenenee 102474 77053 oven roally morltorious scourities rocolved Many ot 3"’“ hava ontortained tho opinfon that | while the bills of lading given by railroad cor- Tnoludad in above wero alu{uuunu vin Anchor o veory decided ehock, whioh ,zony not bo | thero aro hose fmmlnum in the legal profeu~ romtlonu, aithough, in n dogroeo, alfording faoili- | (oocan Steamsbip Lino' of 103,009 brls flour, rocovered from w aconsiderable time, and, pend- | slon who rogard with disfavor tho eystom of ar- | tica for logitimnto usinoss, givo no evidonas of | 670,405 bu when, 8,600 bu corn, 24,624 plgs Ing tho elow recovory, many, impatient at dolay, | bitration a8 provided by tho rules of your Asgo- | quantity or value of property ehipped, ‘Thoy, moats, 19,171 ten lnrd, 2,488 bxs chooso, and havo porsuaded thomeolves thnt the country | cistion. Whother such opinion be well founded | thoreforo, prosont & tomptation to misroprosont, | othior produco, Tho valuo of shipments by this really s looking in o nocosanry supply of the | or not, most dotormined efforts Liave boon mado | aud somotimes offor & roward for rascality. | lino was 98,145,013, Via Cunard lE.hm thoro was currency represontative of monoy, end & per« | durfug the last yeat to gain indloln\ doolefons | Buoh bills of lading aro unsuited to commeroinl nhlpEm.l: 300 hrls flour, 117,780 bu whoat, 66,678 alutont domand is being made on Congress to | adverss to tho constitutionalily of the chartor, Pu1posos, bxs bacon, 12,785 tos lard, and 7,182 plga othor authorize tho igsuo of mors ciroulating papor, | and tho logality of tho rules of thoBoardof | Baloving that the law roforrod to f most wiso, | ments, ote. Via Grand Frank Railway and Allan It may not be onsy to determine how such an | Trade. The following is quoted froni an argu- | and that itu enforcomout would rosult in groator | Lino 'stoamers, 26,408 brls flour, 146,908 bu issue would benofit thoso most clamorous for it, | mont of learned counsol {n & caso brouglt in the | benofit to farmora and business men gonerally of | whoat, 19,070 bu bxa - bacun, = 84,0! a8 it is soarcely to ho hopod that it could restoro | court ugdmk sour corporation: *“{'he valucs | this Btato than the onforcoment of moro recont | tos lard, 7,654 pkgd other moats, 6,101 confidonco in soouritios now under the ban of | Involved in “contrmola made . anuuall by | enactmonts rogarding railroad corporatious, tho | bxe chooso, and lsrgo quantitios of miscol- more or lows of suwspioion, unloss such issuo was | tho mombors of tho Boayd of Arade | Dosrd of Directors wonld rocommond calling tho | laueous produco, Via Nationnl Steamship Com- mado iu go large & wonsuro 18 to croato s dis- | botwoon each othor constitute an smount Inrgor | attontion of the Raliread and Warohouso Gom- | pany, su& brls flour, 28,988 bxy_monts, 2,330 tea truat in tho paper itsolf. ‘There docs not appoar.{ than " all othor dealings botweon oitizens in tho | miasionors to the lmportance of the Inw, with ]ud 2,084 bxa choodo, eto, Vin Intornational to be any Inclc of ourroncy for the proseoution | Btato within tho eume poriod, ‘I'hese transnc- rm}uout that complinuce with ita roquirementabo | Navigation Company from Philadolphis, 480,600 of busineny, excopt in onsos whoro extousivo | tions involve overy varioty and phass of logal | ouforced by them, bu whoat, 7,674 bxs baoon, 4,467 pkgs innl, 802 lonus Lasod on confidence iu mon or_seouritios | quostion, and the nd{\ulmum of them undor the TRANSPORTATION FACILITIES, bxs oheeso, and other produco, éumr linos, are nceded, and it {s moro thon doubtfal if | forms of ‘law would aall into roquisition onoh | With & viow of caliing publio attention to tho | viz, 1 White Blar, Groat Wostorn, Iloopor's, apooulativo borrawers would find thiolr namon o yoar overy form of aation Lnown in Amerioan | neocesity of inorensed mnuxl)mumu Incllitiosto | Lave aiso transported conalderable quautitios. scourllion any more accoptablo as o busfs for | Jurisprudence, Wo allow tho Directors of the | the soaboard, sud to obtaln an oxprossion of ‘Ihiore woro 264,803 bris flour manutactured in veressd 420,048 263,617 4,390, 8,600 ably small number of our wholesale merchinnts * sppear to haye suffered, in standing or credit, by the lato finanolnl cragh ; and, takon as a whols, thoy wero probably never in moro comfortable * aituation than nt e present, It will be ob- gorved that the importatious of foreign gooda bavo beon Iargo, aud that our morchants are fme . porting wainly under the provisions of the uct of Bungmau of July, 1870, allowing diteot importa- tlons to certain spaciflod intorior citios, without tho dolay aud oxponso incidout to an examina- tlon and appraisoment + of tho goods af the point of llllfllufi from foroign countrica; and assuming that tho amount of such importa- tions at the difforent interiorscitios to which tho pravisious of tho aot npsx,ly, fairly roprasonts the relative businoss of euch, in imported goods, it 18 ospecially noticcable and gratifying that our olty 8o far exceods nny of hor compotitors, MANUFACTUNING ENTEHFLISES hove morensed largely, aud, ne a l'uln, Lave boon conducted with satisfuctory rosulte, There woro roported in tho city, lust sutumn, 690 manu- Iacturiug catablishments, employing & capital of noar 44,000,000, aud ovor 45,000 oporaLives. “This statomont, Jarge as it v, wll, upon o oritical examiuntion of tho work from whiol tho figurcs axo obtained, be conceded as helow tho true fig- *ures, some of the largest eatablishmonts not Vstimatod. Tha imporis into tho United Kingdom, na per Bc ‘bohm's Loudon cablo for tho weok euded Tob, 14, I ‘were about 85,000 to 90,004 Lrls flour, 135,000 to 140, v of wheat, and luss thun 60,000 bu of matzo, and fermers’ deliverios of homo-grown wheat in the towna wure 40,000 to 45,000 qrs, sud estimated iy -] Kingdom at 10,000 to 180,000 qr3, which gavo n wee ~From s ke of thowochacta 1 woull v | Sy ittt A o SO0 TFrom & study of theso charts it would appear ow {he minfmum of we couRunly . Tho mports of wheat futo tho principal yiorts of it e e O o ey g 300 | e Rt o th o youss. Trom 1870 1o 1t every 100 of promium rocoived on firo risks In | ©4ded Deodl, i -~ % 1878, It hos cost thom 832 of overy. $100 of e g iy premium ncowe for gotting tho busincss and 1,084,078 1,081,101 nying offios oxpouses, Wo ses, therefors, that 8 2490,300 et Swa of ‘evory ©100 of tho promiums of 1873 have 4 aotunlly boeu absorbod by losses and expensos, teaviug only about 2 yor cont of the premimm fncome upon_over &6,000,000,000 of insurance to componaite stookholdors for tho ounormons risk to whick thoir copital haa boou and still romalng exposod, Thoro have baou dividends pald aver~ agin| u;i or cont upon tho aggrogato capital j but 5:!! a8 beon from tho onmiuings of naxols Gyl iz e e e s i i roflts of nderwyiting; and tho fac Do 3 l’m&, allowing the mut[l‘riumo capital of the coun- ‘afl”::‘r:""“ aut i‘m‘“’ {uto the United King( for try to havo sarned an average rato of 7 por cent ¥ om0 2 qama, 1o, o, forthe yenr, the stockholderd only recoived an At o, 0 ¥ s 897,000 HOS, 670 L0 BIO 520,483 e, o, rs. for invosting tholr mouoy | London.u. 53-.» ios ol 628 404,033 f:u: bong included, their propriotors deolining in- | Joans, undor & modorate inoreaso in tue’ volume | Board of Trado, under the olaim that the facts | opinion on the subjoot, a memorinl to Congrass | tho clty in 1870, against 180,008 in 1873, and | ©xcoss of 13 por cont 3 s " £ i th lonngntlnn and many well-known nmauar?mnn of nu'runny. i gonstituting these difforences and ' offenscs aro w‘;a prepared somo months aluco by the n'anrd 521.790‘-:1 o 3 i inthe mDszmcarionu business now knowa, lfimfi;ool .1.%3‘,&1 :,:9114;"1 l’fi”' 'y |,m being alther noglooted or not roported for | . TRANSPONTATION. agatnat the corporation, to try and deoide them, | of ~° Dircotors,. - etting forth {ha inade- The manufaoture of highwines was 7,539,040 IROL 5043 03yio0 LAh elnllar rosgons. - Of the ostablishmonts [ ' The dlsenssion of the subjeot of transporta- | aud ontor deorcos for the payment of monay, un: quaoy of present moans for onrrying proporty,. | gallons in 1878, ngainst ffluo,u’lgu.uonulnmfl, COMMEROIAL. 213 1138 L83 enumerated, loss =~ thau 180 wore in | tion has grown toboone of abaorbing intorost, | der ponalty of disfranchisement, is to oust éro | and tho advantagoto bo dorivod from thi oon’ sud 7,776,018 gallons in 1871 T . exisience prior to 1800. As yab tho manufaoturs & ) v, Feb, 33, 57,500 800,650 not only In the West, whore for many yoars it | courts of thelr juriediction fn moro than | struction and oporationof a double-track raily, 3fost of the othor figurea have alroady boon Monpax E 0, ! X 3 (oL, aalon and cotton goods 1s nogleotod, not Lkas holda progainent place i pnbnoythought, Lalf of tho sum of {no busluows trons- | betwoen Obiosgo and Now York, to be Workod published in those columue, Tho following wero tho rocolpis and shipmonty ' 40,111 15,985 ),80% ko - I, . - i " i - ret aiaes - | | | |