Chicago Daily Tribune Newspaper, March 7, 1875, Page 6

: z { ‘ b i § a THE.CHICAGO TRIBUNE: SUNDAY, MARCH 7, 1875.-SIXTEEN PAGES. REAL ESTATE. ° Shali the County Keep Its Own Indices ? Opinions of Experts in the Business, Relief from the Present Monopoly Absolutely Necessary. A Market Bare of Important Trans- actions. The Weather Puts a Quietus on the Loan-Agents. Rents Generally Reduced, and Leases Shortened. ABSTRACTS CF TITLE. SHALL THE COUNTY FURNISH THEM? The question which is at present ogeupying the atiention of the County Board is whether that body shall undertake the providing of the public with abstracts of title to property, ia one of the at important which that body has ever had under consideration. It is alresdy well known to those who have had anything to dg with real-estate transactions that the work which it is proposed the county eball perform has hitherto been in the hands of private parties, snd that since the grest fire of 1871 one firm bas bad a monopoly of the business by reason of its books being the only ones escap- ing thst fire which could, be referred to aa authority on questions 6f title. It is held now by those who have made tho question 2 study that ince the fire so large a number of abstracts have been oopied in tho Recorder's office that it is possible with their aid to get up eo sompletea set of indicea that the county could, after a season spent in dao preparation, andertake tho business of providing abstracts in an manner which would be satisfactory to all par- ties. Those who believe in this idea hold that, while the county does not seek to obtain s mo- nopoly of the work, still it has as much right to ngage in that business as a firm of private indi- yiduais, leaving the public, of course, to decide upon which abstract office they will be- etow their patronage. In order to give the public somo idea of the feasi- bility of the proposed scheme, & TaIBune reporter yesterday interviewed several parties interested in the matter and gained much infor- mation which will be valuable as giving a clear light into the matter. The finst person inter- viewed was . ‘MB, SEIMONS, ofthe well-known firm of Hendy, Simmons & Son ‘with whom he had the following conversa- jon: Beporter—Mr. Simmons, I eee that there is a prospect of the county’s going into the abstract business. I shonld like to get from you somo ides of what the expense of their running euch an office is likely to be. ‘Mr. Bimmons—The expense devolving upon them would depend upon :the number of clerks they employed, which, of course, would depend upon the amount of business taey would get,— the number of abstracts they would be called ‘upon to supply. ‘Beporter—I suppose that varies occasionally ? Mr. Simmone—It is always changing. At one time we employed 110 men; now wo are em- ploying only 60, a reduction’ of forces which is parily due to a our systematizing the busincss. Beporter—What would be the first work for the county to do in order to go into the abstract business ? ‘Mr. Simmons—First of all they would have to ‘write up in the necessary books the documents recorded in the Recorder's office since tho tire, and the suits commenced in the different courts in the county since the fire. eeeeee tee many of these have there n? ‘Mr. Simmons—Since the fire there have been recorded in the Recorder's office some 216,000 documents; inthe Supremo Court thero have been commenced since the fire over 18,300 scits; in the Circuit Court over 15.300; in.the United Staten Circuit Court over 2.200, andin the Unit- ed States District Court “over 6,600. All these, together with the Records of the Probate Court, swonld have to be recorded in the judgment-dock- et of the abstract [office, and properly indexed. Reporter—Have you any idea what it would coet to do this work ? Mr. Simmons—I have estimated that it would cost 26 b00 to Enea a index the deods, sad proride the books for that purpose; to prepare tho judgment-dockets in the same way would cost $10,625; tomake up the tax-sales records and index them would cost €3,000;. the same work on tho records of the Probate Court would eost $2,500, Reporter—That makes s total of $41,025. How long would it take to gat this work up? Mr. Simmona—It would take any new concern two sears to accomplish this work, and all this time there would be an annoal expense of run- ning the office of $11,750. ‘Reporter—What changes do you think it would ‘ve neceasary for the county to make in order to pay expenses ? Mr. Simmons—It would be impossible to tell that, not knowing how large a business they would do. The reporter next callod at the Recorder's oflice, where he met i ‘MESSRS, LE ERUN AND HEALY, with whom he conversed as follows : Reporter—Mr. Le Brun, have you looked into the question of what the expense would be of running an abstract office n connection with the Recorder's office? ‘ Mr. Le Brun—Mr. Healy can supply you with an ides on the subject. ‘Mr. Healy—Of course the number of clerks re- ired to ran an office would depend upon the uumber of instruments coming in. i have thought over the matter, andconsider the follow- ing staff would be necessary: Two posting clerks to post from the deeds into the tract-in- dices, at $1,200 per annum exch; one rovisor or comparer to read over tho work to insure its correctness at 21,800- per annum; one judgment clerk to‘take the judgments of the books of Courts of Record and to attend to tax sales, at $1,200 per annota ; one clerk to take the minutes from the deeds at $1,200 per annum; and a General Buperintendent at $2,500 per anuum, making a total of $9,100 per annum in salaries, asides these thero would have to be acorps of cépyists and abstract-makers. The former get paid at the rate of about 12 cents per foolscap page, the latter at the rate of about $15 per week. The numberof these would bo de- termined, of course, by the volume of business roming to the office. Reporter—Do you think the coun‘y abstract office would do a good business? . Mr. Le Brun—I have an idea that it would do an excellent business. The facilities of tho county office would bo ahead of those enjoyed by other oftices. Reporter—How could that be ? Mr. Le Bran—The clerk in the county office would be able to take the minutes off the deeds recorded a day ahead of any firm. ‘Mr. Healy—Another advantage lies in the fact that the county employe could take the minutes for the int from the original deed instead of trensfernng them to paper, and thence to in- dices, as the abstract firmehave todo. The fach also reduces the liability to error in the county office toa minimum, 26 it ix well known that in copying from 2 copy 8 mistake is very apt to happen. : Mr. Le Brun—Still another advantage to the public would ie in the fact that if the abstract offica were in connection with the Recorder's Office the Receiving Clerk could make a thor- ough examination of every instrument filed as he received it, and would not record any which contained irregularities. Z Reporter—Does it often happen that irregu- Iarities occur in deeds to be recorded ? = ‘Mr. Healy—I believe such mistakes cost the public $50,000 a year, including the necessity of rerecording and reabstracting the corrected deed. Reporter—How much woula the charges be in order to make the office self-sustaining ? ‘Mr. Healy—The county office would charge according to the law, which says that $1.50 shall be the charge for each and every transaction. This is a large reduction of price under the charges of the abstract firms, and would help largely to make the county abstract office a pop- ular institution. ‘Reporter—It would take some’ time and con- siderable expense, woald it cot, to get the nec- Hing off in work, and partly to. ouny books for an abstract office posted up to te ‘Mr. LeBron—That is a matter which has been duly considered, and the question arises whether it would be expedient for the eounty to under- take the posting of the books from the deeds, Court records, etc., or to obtain from an abstract firm Scopy of their books since the fire. It certainly would be more expeditious for the county to do the latter, and would, in the long run, probably come cheaper. Reporter—How long do you think it would take the conntytoget up the necessary books {rom the records? Mr. Le Bran—It would take about nine months longer to do this than to get the copies from sn abstract firm, and all this time they would be getting no return for their Isbor and expense. Reporter—Of course the county could not retend to give abstracts running back of the e7 Mr. Healy—With very few exceptions it could. Since the fire we have had over 4,000 original ab- stracta recorded. ¢ Teeporter—An attempt was made by the county after the fire to secure the abstract books of Handy, Simmons & Co. Do you think there is etill a necessity of securing their books ? ‘Mr. Le Bran—Ifthink not, In almost sil cases the county abstract office, whon appealed to, would be able to provide the abstract sought, and I am sure that, if it became known that the county intended to go into the businoss, pumbers of people holding original abstracts would send them in to bo record ‘The next person called upon was ME. BEES, senior partner of the real oatate firm of Rees, Yeirce & Co. ‘This gentleman stated that in bis opinion it would be an excellent thing for the publicif the county were to undertake the pro- Viding of abstracts. It was alrondy lid down in the statutes thatitwas 8 matter of discretion with the different counties whether they went into the business or not. Among the books Which the law defined as those to Be ‘kept by the Recorder wero tract-indices. In his opinion it would be essential for the county to secure the books, which were leased ‘at present by the firm of Handy, Simmons & Co. He considered that they were worth the gum of £500,000 to the public, and that if that sum were expended in their purchase the money would be much better laid out than in building & new Court-Houge. He considered that the Board onght tobe urged to purchase these books of Messrs. Chase Brothers, Shortall & Hoard, and Joues & Sellers and start in the abstract busi- ness as s00n as possible. THE LAWYERS. ‘The reporter noxt called upon s number of prominent real-estate lawyers, and their views, which are substantially identical, are about as follows = Since the fire, Cook County, so far as its reo- ords of title are concerned, occupies = worse position than that of any municipality in this country. Although its titles run back but a little over forty years, yet it is more difficult and expensive. to prove them than in New York, where they run beck 200. The simple avd convenient system of recording transfers, which gaye property- holders a few years ago such an advantage over Eastern States, where a more cumbrous plan ob- tains, has practically been utterly abandoned. It costs now in about seventy cases out of a hun- dred as much to secure an abstract of title and, have it examined by a competent lawyer as the Jand would sell for. In other words, the owner of a emall lot has frequently to spend all he can get for his property before ho can sell it. This oppressive taxation, of course, adds nothing to the value of the real estate of Cook County, ‘This deplorable state of affaira, which exercises euch a depressing influence wpon real-estate transactions 10 Chicago, is due to the fact that all the proofs of title ara in the hands of a gi- gantic monopoly. ‘This is a condition of things which obtains nowhere else in tha world. There iano place ontside of Chicago where a claim of title to property cannot be obteined without pay- ing a neceseary tribute to private individuals. The real estate of Cook County pays to the prin- cipal abstract firm ay $90,000'a year in the form of what may bo called reasonable charges for abstracts, and in addition to that it pays $90,000 more, which goes 28 a royalty to tho Jessors of the abstract books,—Meesrs. Jones, Shortall, etc.,--that is to say, real estate pays au annual tax of $180,000 to private individuals for furnishing abstracts which, in tho caso of heavy transfers, have to be examined by compe- tent and high-priced lawyers. ‘There are in Cook County about 600,000 lots and parcels of iand. The enormous develop- ment of our suburbs has of late years added im- meneely to the aggregate, specially increasing the number of low-priced lots. The proportion of cheap lote to expensive ones is fully forty to one; & 250,000 transfor ie a matter of unusual occurrence. Itis the opinion of the lawyers that, if the Becorder were to keep tract-indices coveting MERELY THE BEAL ESTATE TRANSFERS, and leaving out judgments and court proceedings ofall kinds, the want of the great majoricy of property-holders would be fally met. With a few insignificant exceptions, the emaller ana cheaper lots havo not been entangled in litiga- tion, except in cases where dowersuits have cov- ered whole subdivisions. ‘Therefore, if the Re- corder kept tract-indices covering deede, mort- gages. trast-deeds, etc., he would be able tofur- nish for $5 or $10 an abstract which now costs, when obtained from Handy, Simmons & Co., €100 or more, and such abstracts would answer all purposes in nine-tenths of the cases, It is absurd that an abstract should ab “any tumo cost even a tenth of property; now itoften costs much more than that. It is of course un- derstood that these abstracts which the Re- corder would thus furnish would not answer in cases of heary salea. ‘Then, as now, all sources of information would have to bo searched, and fhe special ekill of experts would have to be re- sorted to. In the case of lots of average value. 8 different system would grow up. The Record- er's office would give tho necessury information regarding papers on file in bis hands, and vari- ous individuals would make a specialty of keep- ing separate indices of court proceedings to which a person could resort after he had ex- hausted the information in the possession of the Becorder. The act regulating the duties of Recorders contains ‘THE FOLLOWING PROVISION ‘When required by tue County Board, an abstract book, which shall how by tracts every conveyance or incumabrance recorded, tho date of the instrument, time of filing the same, the book and pare where tho samo is recorded; which book shall be so kept as to show a true chain of titie to each tract and the in- cumbrances theremn, 25 shown by tho records of his Office, It is singular'that the County Board has never instructed our Recorder to take action under this, Inaction was natural while the negotiations for the purchase of the ab- stract books were pending, but after they resulted in failure, it is very strange that the He- corder was not ordered to keep these tract- indices. It is slleged that it was through the in- fluence of those interested in the abstract-books, who naturally desired to alee their monopoly intact, that this was not done. There are coun- ties in this State where no abstract-books aro kept, and where the tract-Indicesjof the Record- era are the only source of information, and they have beer found to be amply sufficient. It is very often tho case that s person desires to know who is the owner of a certain piece of property which wishes to buy. ‘The records as at present Kept do not give that information. Were thero indices in existence, this knowledge could be obtained in a moment. ‘These lawyers are also of the opinion that it would be better for the county to BUY THE BOOKS owned by the various abstract firms, not merely Docanse the county should possess the informa- tion, not merely ia order to rid us of an op- pressive monopoly, but also because, as the case now stands, the lessees of the abstract-books are the practical judges as to the validity of titles inthis county. They exercise their own discretion as to what they shall leave out and what they shall put in, Tho abstracts they far- nish are made up from many, often varying, documents, andthey decide what shall stand and what shall falt. So far 2s the comperative trustworthiness of abstracts obtained from county employes and private firms is concerned, the lawyers say that there is but littlé to choose. As between the ab- stract firms there are great differences ; the work of some of them it is always necessary to exam- ine, that of others requires very little scrutiny. It is practically as impossible to sue an abstract firm for negligence ag it would ba the county ; the ebstract men have so hedged themselves in by conditions that it is only by accident they can become liable even if they do makes blunder. Abstract firms which have sprang up since the fire give but little relief, since, while their charges are lower than those of their competitor, they are only juet so much lower 28 will enable them to attract business. ‘It is therefore the unanimous opinion that tho proposition that the county shall keep tract-in- dices, even though they be limited to a record of transfers, would be an admirable idea, and will relieve this county of an onorous tax un- known elsewhere, and which has worked most injuriously against our interests. —_- ’ SALES OF THE WEEK. LITTLE DOING. Under the depression of the extraordinarily unfavorable weather of the last two weeks, the real estate market has been very quiet, and is this week bare of any transactions of import- ance to note. The state of affairs may be judged from the fact that Wednesday last. there was but one sale of city property placed on file in tho Rercorder’s office. Stevens & Lord have sold a two-story and basement brick house and lot, 22x165 feet, on Wabssh avenue, between ‘Ihirty-sixth and Thirty-seventh streets, east front, for $10,000 also, Lots 29 to 38, on Baltic street, in O. A. Bogue's Second Addition to Chicago, for $7, 500 5 also, 5 acres in Sec. 10, Washington Heights, for $1,500; also, 586 feet in Block 68, Norwood Park, for $5,860; algo, # lot in Whitford’s Sub- division, South Chicazo, for $300; also, 80 acrea in Newaygo Conniy, Mich., for $3,500. ‘Jacob C. Magill has sold tho two-story frame house No. 173 South Peoris street, with lot 252117, for $5,750; the two-story and basement brick hone No. 814 West Adsms street, for 25,000; 60 feet on West Adams street fronting Jefferson Park, where house 448 stands, . for $12,000; 60 feet east of the above, now occupied py house No. 498 ‘Adams street, for $12,000; the four-story and basement stone-front store No. 31 Washington street, for $24,000. é W. D. Kerfoot & Co. have sold 6 acres, just west of the Normal School, between Halsted gud Western avenue, at $700 per acre. The game property was cold in 1872 for 8250 per nere ; also 17 acres, between Auburn and South Englewood, ruoning from ‘Halsted street to tho railroad, at $15,000 cash, being sbout $900 an ‘sere ; also 75 by 100 fect on the southeast cor- ner of Rush sud Ontario streota, at $170 per foot cash ; also 28 feet on Huron street, between Dearborn and State, at $150 per foot. Larkin, Jenks & Co., have sold cottageand lot, corner Wood and Fifteenth streets, for $2,500 ; also a farm near Ean Claire, Wis., for $5,000. Snyder & Leo hava sold 20 fest on indiana avenue, 100 feat south of Forty-seventh street, to Augustus D. Wood, for $15,000 cash and time. ‘Henry D. Emery haa sold 2134 seres in the S. E. 3f of 16, 40, 18, for $20,000. Daniel T. Nelson has sold thirty-soven lots in Miller’s Addition to Irving Park, for 318,500. C. O. Judson has sold nineteen lots at Maple- wood, in the 8. E. 3¢ of 25, 40, 13, to Per Lee H. ‘Webster for $29,250. Barbert & Rickards have purchased of Jacob Reim, Jr., lot in Grant’s Addition to Evanston for $2,000. Joseph Wiliams has purchased 80 acres in 93, 87, 14, for $64,000. Gurdon S&. Hubbard, Jr., has sold to Oliver C. Rounds, lots on Wells street, south of Wendall street, for $6,000; also four blocks in Haw- thorne to W. Bushnell, for $40,000. N.E. Fairbank has sold residence and lot on Todiana avenue, north of Twenty-fourth street, for $16,500. 4 1. C. Pitner & Son have sold Lot 4, Block 4, Union Addition to Evanston, for $850; also twelve lots in Pitner’s Addition to Evauston, for $14,911, and three lots in Pitner & Son's Second Addition to Evanston, for $3,500. ge THE LOAN MARKET. ‘THE WEATHER. ‘There is no change to note. The severe stormy and wintry weather of tho past week had a deadening influence. Loan-agents are well pre- pared for business a soon as an improvement in the weather encourages borrowers to come forward. COMPARATIVE STATEMENT FROW 3tAnoH 1 To MANOR 6. . 1875. 814. Inatrumenta, i pal Consider- No. | “ation, poe ation, Trust-deeds.. 19's 997,235'! 246 $ 493,899 Mortgages........; 63, 932! 63) 99,827 Aggregate..." 2548 49,3571 300'5 595,726 Releases.....+-.-[ 205" |e ——— RENTS. + A GENERAL REDUCTION. ‘The movement in rents has suffered from the same metoorological causes that have interfered with all business. It has been impossible for tenants to get about in search of houses and stores, Thera have been ‘indications to show the probable direction of rents. It may be safe- Ty said that house rents above 1,000 will saifer the most serious reduction, Tho lower class of tenements is in greater demand, and will, on that account, be cut down lesa, The greatest demand so far has been for houses on the North and South Sides. On the North Side rents are probably firmer then in any other Division of the city. There is more demand of s good kind, and the supply is not so much in excess. In store rents the tendency is to reduced rates and sbort leases. Therd isa general un- derstanding that rents are not likely to go lower after this year, and that they will probably in- crease with the improvement in business that is universally expected. Landlords are making re- ductions, varying according to circumstances from 45 to 30 per cent, but only for one-year \eanes. SOUTH CHICAGO. ‘The James Brown Steel & Iron Manufacturing Company, whose most prominent mombers are JemeszBrown, the great iron menufacturer of Youngstown, 'O., and former members of the great iron house of Hale, Ayer & Co., of this city, has chosen the ‘site of its new manufac- tory at South Chicago. They are making con- tracts for the erection of one of the largest and most complete maoufactories in the Northwest. The location of this grest mdustry at South Chicago, giving employment to hundreds of workmen, who must be housed, clothed, aud fed by tho tradesmen of thia vicinity, is s consider- ablo addition to the resources of thst place, and a very rent addition to the manufacturing inter- ests of Chicago. ee ee a YESTERDAY'S SALES, ‘The following instruments were filed for record Saturday, March 6: crry Pnorentr, Central Park av, 100 ft n of Twenty-third st, e f, 50x1% 8-10 ft, dated Feb. 2... oe Wilcox st, w of and near Campbell ay, 8 f, 25x 13039 ft, with building, dated March’ 5...... Central ay, 2744 ft n of Twelfth st, wf, 160 ft, dated March 5... 25xi00 ff, datod March 5. wees 3,250 Division ®t, 8 w cor of Paulina st, nf, 252194 tt ‘with butlding, dated March 6............... 4,000 ‘West Lake st, ne cor of Park piace,sf,a5yx 0” 100 ft, dated Dec, 12, 1874.. sesso. 4,000 Western ay, 16834 ft s of ‘fayior et, 6 f, 24xii2 ft, doted Jan. 4... ae 6,000 Same as the above, dated Feb. 6,000 Augusta st, between Kedzie a¥ an ovard, nf, Sitxisi ft, with 215x120 ft on Howard court, in same block, dated March 4......... 26,760 State st, 140 ft 8 of Monroe st, 6 f, 25x120 ft, ‘with Duilding, dated March 5 (Potter Palmer to Henry Corwith).. Btate st, n w corner of ft, Potter Palmer to Henry Corwith, dated 5... Ssdensriledes Sebor st, sw corner of Olinton st, nf, 13, Too ft dated Sens 6. 2 os ‘Warren’av, 54 92-100 ft w of Onkley av, 8 f, 48x 124 T-10 ft, dated March 4...0+c0+-oseeseoor Ontario st, 150 f¢ w of North Franklin et, nf, 295x100 ff, dated March 6....... . SOUTH OF CITY LIUTS, WITHIN ‘MILES FROM COURT-HOUSE. Drexel avenue boulevard, s of and near Brooka st, w f, 202100 ft, with improvements, dated ‘March’ $ 7,500 3,400 x TRAN ‘EER. ‘The following is the total amount of city and suburban transfers within radius of 7 milos from the Conrt-House filed for record auring tho week ending Saturday, March 6: City sales, 71: consideration, $518,995. South of city limits— Sales, 14; consideration, 851,120. West of city limite—Sales, 2; consideration, 24.400. Total sales, 87; total consideration, $574,515. Cold, Acurions effect of the cold was noticed i Monivilla, Pa, afew dageago, “A ste riae had been filled with water ands cork placed in the nozzle. During the night the water froze solid, and the expansion pushed the cork from its place and formed acolumn of ice abore the top of the bottle three inches in length and half an inch in diameter. The cork stuck to its posi- tion as well ag it could, keeping on the upper side, where it still remains, perched on top the transparent shaft of ice, ti SIXTY DEGREES BELOW ZERO IN SWEDEN. Galiqnani’s Messenger (Paria), Fed, 12. From further particulars of the severe cola lately experienced in various parts of Sweden, we learn that at Rattvik the quicksilver shrank quite into the ball of the thermometer, below any reading, indicating s degree of cold greater than 40 degrees befow zero Cent., that is, over 80 degrees of Fahr. of frost, or 48 degrees F. ‘At Furudal, at tho same time, a spirit thermom- eter recorded 46 degrees U., equivalent to $2 de- F of frost (60 degrees below zero), a se- verity unbeard of in this district, The dwellers on the adjacent island crossed the Calmar MONEY AND COMMERCE. FINANCIAL. The demand for acccmmodstions continues fair at the banks, and is reported strong in some quarters. ‘The merchants have found their collections virtually suspended by the storms of the last fortnight. They are forced, inthe absence of the payments they had expocted for the{r fall sles, to discount théir notes in order to pay for thelr own spring purchases. ‘The amount of grain snd provisions that is aecumu- lating here is steadily increasing, and there is conse- quently a tolerably stesdy and considerable demand from Board of Trade parties, ‘These combined causes have been sufficient to mn discount lines up to a high figure, and the amountef surplus funds at the disposal of the banks is not larg. ‘The movement of produce eastward with the spring will tend to release a largo amount of money now used in holding it, but, on ths other hand, the demands of the apring trade for fania will more than counterbal- ance this tendency to rehxation. itis not likely that there will be anything Ike sn easy moncy market be- fore summer, Rates of discount at tie banks aro 10 per cent to reg- ular customers, with ccncessions of 1 to 2 percent to good outaide borrowers. On the street, there isno activity of any kind to re- port, Rates are7 per cmt on call, to 18 per cent on time, ‘The amount of curremy that is going to the coun- try to the hog districts is large forthe season, The re- ceipts of hogs continus:t a rate surprising consider ing the circumstances, md many persons are wonder ing that a “ short ” hogcrop should be so long. ‘New York exchange continues to grow firmer. Bales were mado to-day, between banks, at par. ‘The clearings were $3,500,000. For the week the clearings were $28,597,689.74, and the balances $2,982,945. ; for the corresponding week of Inst year they were $5,020,978.12, and $2,379,471.19, ‘ UBIRY LAWS. North Carolina hss acHeved the doubtful honor of enacting the worst usuy law in, forco in any State of the Union, It fixes thr rate of interest at 6 per cent ‘where there ia no spetific agreement, but allows a written contract “so great as 8 per cent” (some of their colored legialatorsmust have drawn that!), and forfeits not merely the principal of a loan when more than 8 per cent is taken, but double the value of such principal, and subjectsthe offender, besides, tos fine of not less than $100 ner more than $1,000, When the Bank of England puts its rate st 10 per cent per an- num, and money is worth 1 per cents month in New York, no man in Nort Carolina can lend his money to }- the people of bis own ftote at the market rate without violating the law and incurring these monstrous penal- ties. : NATIONAL BATES AND USURY LAWS. ~ bi ‘The question has bom raised whether the penaltics of the State laws for usury apply to the ‘National ‘Banks, or whether they are Hable only to the ponaities of the National Banking law. This question has been differently decided by :he Supreme Courts of different | states, and has not yit, we believe, come before the United States Supreme Court, The Now York Supreme Court decides that thoNational Banks are amenable to Btate Usury laws, ‘The Massachusotta Supreme Court declares that «notwithstanding the great repect we have for that eminent tribunal (New York Court of Appeals), 79 are unable to concur in tte conclusions it has -eached.” ‘The Court then docided that only the penalties of the National act applied ta the National Banks, ‘Asimilar diversity 1a found in tho decisions of other State Courts, bugtie majority are in favor of the Massachusetts decisiin, THE SPIING TRADE. ‘The New York Daily Bulletin of March 4 has an articlo giving the resultsof its inquiries as to the pros- pects of the spring tradein New York. ‘Appearances leave no room for question that the worst point of depressios has been reached, and that wo are now fairly on thewsy towards = healthy con- dition of business, ‘Thedegree of recovery varies in the diferent branches of trade, Tho dry goods and grocery trades are most hopeful; while those trades which furnish goods less necessary to subsistence or comfort are naturally later in exhibiting the symptoms of recovery. ‘The South is ina condition of extreme mercantile depression, ‘The merclants of that section can do Uttle without credit from New York, and a pretty Hb- eralone, as tofime; and yet, under the threatening uncertainties that eurraind the Cotton States, our merchants are disposed b contract such credits very severely. A largo amourt of population dependent on the fron trade and uponthe various ramifizations of the railroad interest bavi as yet found no relief from the prostration that hss fillen upon them with greater soverity than upon any other elass, And, again, tho extraordinary severity of tho winter has in o very marked degree checked travel and tho forwarding of products over nearly the whole populated area of the country. . ‘Wo have this substantial fact to rely upon: that the agricultural population, the main stay of our com- merce, have sufferel omparatively little from the panic, They have haé abundant crops; the condition of the foreign markots suggests the probability of bet- ter prices for the aurpius remaining from the harvost of 1874; and therois therefore every reason to expect they will require an.average quantity of goods, and the moro ao as tho la‘ decline in prices has virtually increased thelr purchasing power. So far as respects amajority of the tmdes, we seem to have reached 5 condition in which fair show of activity would great~ ly strengthen confidence and create a marked revival of business, GOVERNMENT BONDS. yalaked. Onited Btates 63 of 781 ‘United States 5-20s of United States 5-20s of 64. United Btates 5-20s of '65. 5-208 of "65—Jan, and J 520s of *67—Jan, and July. 5-298 of *63—Jan. and July. 11953 WCB (0x. IMt.)nresarees ue United States new 68 of *1- 3143] 1147, United States currency 6s.. 1183|,..0000 Gold was 114@115. x FOREIGN EXCHANGE. Sterling exchange was 481485; cable transfers, London, 483%; Paris, 617}. Other rates of foreign exchange are quoted : (ITs AND COUNTY BONDS. “) Bonds, Bi, Chicago City 7 @ ct. bonds....}1013 & int.|10234 & int, Chicago City 7 9 et, sewerage: [101% & int [102% dint. Chicago City 7 @ ct. water loan/1013 & int. 102} & int, Ohicago City 7 @ ct. certificates) 9945 &int.] .. Chleago Cy 6B cfr certifeates| 95° int | =. ook County 7 @ ct. bon: 01s & int. |1033¢ & int. West park 7 @ ct. bonds, we 33° eine, BANE STOCKS. Asked. Merchants’ National. First National Bank, Fifth National Bank. Commercial National Bank. Corn Excharge National Bank., City National Bank..... Home Natioml Bank. Chicago Gaslight and Chicago & Northwestern gold bonds. Pullman Palace Car Company, ex-div.. ‘LATEST. ‘New Yous, March 6.—Money closed at 2 per cent, Foreign exchange closed steady at 4.80@4.80% for bankers’ sixty-day sterling and 4.84@4.811¢ for de- mand, Commercial bills range from 4.7734@4.79}4, with nono classed prime below 4.78%. Gold opened and closed at 115, with asles in the in terim at 1153 and 114%, Rates paid for borrowing ‘Were 1-32, 1-64, and 1-16 per cent per aicm, and 3, 2, and 13g per cent per annum. Some loans were made flat, The gold clique endeavored to the best of-their ability to make gold scarce and force prices up. ‘The fight has been a sharpone, and would have probably ended in favor of the clique had the short interest been large and gold acarce, but foreign bankers have considerable gold on hand, which they are willing to loan at present rates, Ciearings, $64,000,000, Treasury disbursements for the week wers €1,551,000, and re- celpts for custcms $2,712,700, Specie shipments for the same time, $788,761, of which $254,000 were Spanish gold, $710 American gold, and the balance silver bars. Goveramente closed steady. State Londs quiet and nominal, Railroad mo! strong. ‘The stock market hag been very active to-day, and. the ight between the balls and bears severe, with the rest in Weste=n Union, Pacifi il, North- western, and Wabzeh. 7 nec ‘Ths market rated SETH the un tavevah lo hank. tatement was issued, when it fell off. Later there | tinue in moderate demand, and are quoted firm, ow- | quent. Stockers continue in mill, was a recovery, ‘Western Union leading the ad. ‘vance, on rumora that overtures had been made for 8 compromise with the Atlantic & Pacific Telegraph. ‘When the price reached 75%, 20,000 shares were un— loaded, ‘The stock at once fell to 753, taking all the rest of the market with it, Wabash ad- vanced to 15, and reports easy ono vete- ran bear operator was caught short upwards of 60,000 shares, The advance resulted in the suspension of one momber of the Exchange,—D. C. Fisk, The market was hammered severely during the morning, but showed great strength under continued sales of short stock, nly rescting 4 to 2 per cent, but closed frm. ‘The week closed with a large short interest still out~ standing in many of the leading shares, The fight all around tho Board is Ukely to be a bitter one, as on either side are arrsyed wealth, pluck, and former prestige. ‘Tho total sales aggregated 262,000 shares, of which 29,000 were Pacific Mail, 80,000 Western Uslon, 46,000 Northwestern, 16,000 Lake Shore, 14,000 Obios, 35,000 ‘Wabash, and 29,000 Union Pacific, ‘The bank statement for the week shows: Loans, in- crease, $488,800; specie, decrease, $2,616,700; legal- tenders, decrease, $1,740,100; deposits, decrease, $3,- 496,600; circulation, decrease, $72,400; reserve, de- Chi, & Alton pfa. Ohio & Mississippi Cleve,, Cin, &. Col. Chi, Bur, & Quin Lake Shore.. a inoia Central. Union Pac. stock,.... 44 3¢ | Central Pac, stock... 962¢ % | Union Pac. bonds... 963 Del, Lack, & W.... 134 COMMERCIAL. ‘The following were the receipts and shipments of the leading articles of produce in this city during the twenty-four hours ending at 7 o'clock on Saturday morning, and for the corresponding date one year ago: ‘RECEIPTS. SHIPMENTS, eva. |] 1975. | 1874. 10,493, 2,728, 7,460 68,170) 48,819 3 ‘Also the following, without comparisons: Received.) Shipped. 67,065), 39,270 15... Kind gf produce, Withdrawn from store on Friday for city con~ sumption: 1,973 bu wheat, 7,186 bu corn, 725 bu oats, 1,840 ba barley, ‘The following grain was inspected into store on Saturday morning: 7 cars No, 1 spring, 44 cara No. 2.do, 8 cars No, 8 do, Scars rejected do (62 wheat); 26 cars high mixed corn, 62}¢ cara No, 2 do, $1 cars rejected do (1193 corn, of which 1 is old) ;2 cars white oats, 6 cars No, 2do,1 car rejected do; 23 cars No, 2 rye; 5 cara No. 2 barley, L car No, 3do, Total, 199 cars, or 77,000 bu, . Inspected out: 13,095 bu wheat, 9,284 bu corn, 5,639 bu oats; 10,610bu barley. ‘The following were the receipts and shipments of brosdatuffs and live stock at this point during the past week, and for the corresponding woeks ending os dated: . March 6) Feb. 27,’ March 7 Receipts— tess. | 18% 1874. Flour, bri Wheat, bi 48,645) 82,415) 58, 14,163 14,019] 16,386 60,882 364 610) _43,441| i 146,577} $32, 80,500] 80,472| 89, 52.421 76,257| 69, 1,835] 2.2181 26,726] $1,108) 6,829) | 14,607) 26,268] 81,899! 49, gsi _9,693|_ 12,747 "The following were the exports of flour, wheat, and corn from New York during the past week and the week previous: i Last ; Previe week, | week, 3,100! 13,690 490,715} 278,295 21 211,000] 159,300 ‘The 50 carloads of Gslifornia barley soldin this city, on Friday, to arrive, is eoming from New York, It is not often that Chicago finds it necessary to import grain from the Atlantie seaboard: the movement is generally tho other way. : The discussions about the proposed new rules took s more practical shape on ’Change Satur- day than the previous dsy. ‘The chief ob- fection urged sgainst them is that they pro- vide for the. protection of the shorts ns against tho longs, without providing protection to tho longs ‘as against the shorts. Hence, it is urged that theso rules would throw the influence of the Board of Trade in favor of low prices, which would be unjust to tho producing country of which Chicago is the commer- cial focus, It ie urged that the only thing which pro- venta the shorts from getting over head and ears in option paper is the fear of a corner; and without that fear they could sell the market down so near to zero as to cut off receipts and ruin the grain trade of Chicsgo, ‘There is some force in the argument. People who have money are not often inclined to risk ft unless they think they have at leist a fair prospect of making a profit by s rise in prices. The general opinion of cap- italists, who do the buying, is that the rules ought to beso framed as to “give the old man a chance,” ‘The one great evil in the present mode of tradingin options is the exceedingly artificial method of delivery, whereby grain delivered toda, -~y be nominally worth ¢ per bu more thsn if ered to-morrow, If the conglomerate wisdom of the Board could de- ‘ise some means of abolishing this difficulty, without bearing the market in the interests of the shorts, it would merit the thanks of the whole commercial world, The leading produce markets were steadier on Sat- urdsy, but with no strength in grain, and not much in provisions, The trading was chiefly speculative, the shipping movement being light, which gives a consid~ erablo increase in onr stocks of bresdstuifs during the past week, notwithstanding the fact that the storm has interfered with receipts, ‘There was's liberal demand for staple dry goods, Both the local and country trade were ordering freely, and the market again presented firm tone. In th grocery market there was only fair activity, Some Iarge orders from outelde dealers were placed, but buy era generally seemed inclined to confine their pur- chasess to meeting current requirements, Sugars, sirups, molasses, and rice were firmly held. Spices, soaps, candles, and starch were steady. Cof- fees and teas continue weak aiid tnsettléd.. The de- mand for butter and cheese was fair, and late prices were well sustained, In the fish, canned goods, and dried-frait markets the changes were not important, trade raling quiet at about steady prices, The bagging, coal, wood, leather, and pig-iron markets were without important new features, Oils met with a fair demand and were, firm in price. ‘Lumber met with the average demand, There was } less disposition to shada prices, for common grades, and as trade improves’ prices will probably become more uniform, The drug business was light, but no material changes in prices wers made, except for optum, fodine, and morphine, Iron and steel con- ing to the depleted condition of the stocks at the Salt was quiet and atesdy, ‘Hops and wool were dull, Small orders aré re- ceived occssionally from consumers who are ont of supplies, Hay was in active request and firm, the re- csipts continuing inadequate, The better grades of clover and timothy were in fair request and firm, but common qualities were dull and easy under liberal offerings. The market is nearly bare of potatoes, and good offerings are quickly taken at better prices. Poultry was scarce and firm, Eggs were more plenty, dull and weak, % PROVISIONS. HOG PRODUCTS — Were in moderate demand, with less offering, hence. firmer all round, in spite of the fact that hogs were reported easier, ‘The reports from other points, received two or three days previ- ously, telling of a better aversge yield to the packing of the West thsn had been expected, weakened the hands of secured holders, who sold out, Most of this product had been disposed of before Saturday, leaving tho market open to a slight reaction upward, which was helped by s rather firmer feeling in lard in New York, ‘Tho returns from our local packers come in slowly, as several of them were unwilling to close up 20 long as the cold weather lasted. It is probable that the occurrence of warmer weather now will csuse moat of them to close up for the present, ‘Mss Pork—Was in fair demand, and advanced 7346 per brl from the closing prices of Friday, making tho Sverages of the two day, about the same, ' Sales were Tepoyed of 2,170 bris cash, or seller March st $18.05@ 48110 for round lots, and $18.10@18.15 for car loads ; 6,150 bris seller April at $18.20@18.273 ; 3,250 bris seller May at $18.50a18.5734 ; 1,500 cris deller Jano at $18,80@18.87%. ‘Tota, 12,60 brls, The market closed firm at $18,123 cash ; $18,273 for April, and $18.55@ Other a [ons of pork were inactive and nom- inally firm at $19.00@19.25 for clear, $16,75(317.00 for farally mess, $15.75@16.00 for prime mess, and $12.75@ 13,75 for extra prime do. ‘Lanp—Was 2@50 per 100 ite higher than at the close on Fritay, though the average prices of the two days was exactly the same, ‘The demand for the short interest was good, Sales were r ‘of 1,000 tes cash or seller the month at $13.173¢@12.20 ; 4,500 ts seller April at $13,22%@13.2734 ; 5,750 tes seller May at $13,45@13.50; 2,000 tes seller June at $13.65@13.67/5. Total, 11,250 tea, The market closed firm nt $13.20 cash; $13.9735G13,30 for April; and $13.47}4@13.50 for May. Rizars—Were 5 golet but a shado rmer, in sympathy with the speculative articles, and partly in consequence of the fact that the shipments continue good, in spite of the bad weather, Sales were limited to 12.000 Ibs shoulders at 6c; 30 boxes do, at 6c; 40,000 hs long clears at 93;¢; 170,000 Ibs short ribs at 9%; cash, and 104 seller Jane; 100,000 ths do, at Des Moines, at 9c ‘cash ; 600 boxes do (light) at 10c ;_ 75 tca sweet pickled hams atl0%c. The ‘market closed at Gio for green shoulders, 9;¢ for do long clear, 9c do short ribs, 93z¢ do short clear, and SHQIxe do hams. Bweet- hams led. 5 Ibs average) O@10c. Meats salt (1 eared) guinea vat Ge for shoul- jers, cash or seller March; prit Jo do seller May; long cl ler March; do seller April, 9x0; short ribs, 9:c cash or seller April, 93/c; do seller May, 10c; short cash or se! .10c; do seller April,10%¥e; do er Marc seller May, 103{c, Boxed meats 3c higher than loose. Bacon meats quoted at 124@13}e for hams, 8c for shoulders, 10% for short ‘ribs, and Lc for sbort packed. Gnease—Was quiet at G@ldc. BEEF PRODUGTS—Wero quiet and nominally un- changed, at $8.25 for mess, $9.25 for oxtra mess, and $21,00@22.00 for hams. ‘PaLLow—Quoted at BGBXe. BREADSTUFFS. ‘FLOUR—Was in fair local demand, with little or no inquiry for shipment, and was firmer at former prices, especially on good brands, Sales were reported of 100 bris winters on private terms, snd 875 bris spring extras, partly at $£.35@4.50. Total, 975 bris, The market closed as follows: Choice winter extras, $5.25 @6.50; common to good do, $4.25@5.00; choice spring extras, $4254.50; fair do, shipping grades, $4.00@ 4.95; patent spring, $5.00@9.00; spring superfines, $3.00 @3.90; rye flour, $5.25@5.50; buckwheat do, $5.00@ 5.50, ‘Buan—Was in better supply, anda ehade easier in consequence, Sales were reported of 50 tons at $20.25 G20.50 on track ; and $21.00 free on board. ‘Conn-Mear—Was quoted at $3.{0@3.¢0 per brl for good, and $24,00@24.50 for coarse, Bales were 10 tons at $24.00 on track. ‘WHEAT—Was comparatively doll, though there waa 3 good deal doing at times, and averaged 3c lower. ‘The public advices from Liverpool quoted that markct as firm, but the private telegrams were not unanimous in that direction, and the story was rendered still more doubtful by the fact that New York was dull. An easier feeling was also induced by reports fromthe country which indicated a rather large increase in tho receipts for Monday, a good many car losda being ex- pected ip which have been kept back several days by the storm. Hence the offerings of cash lola were larger, and regular wheat was dull, while the current receipts went off rather ‘freely. The inquiry for options was only “s0-s0,” 3 good many of the shorts thinking them too “dear” (father). Seller April opened at 87c, rose to 8ii¥c, receded to 867c, advancod to 8737e, and closed at 874(c. Seller the month, or regular No, 2 spring, sold at closed at’the Outside, with gilt-edged receipts at ie premium, Sell er May sold at 914°@91%e, and seller Juno at 1%@ 92ye. Cash sales were reported of 1,400 bu No. 1 apring at 90@91c; 105,000 bu. No. 2 do at S53; @86iic ; 8,000 bu No. $do at 823/@83e, and 600 bu rejected do at 77%@i8e. ‘Total, 110,200 ba, ‘MirxwEsora WieaT—Was in fair demand, but easier. Sales were reported of 800 bu No. I at 95; 400 bu No. at s93c, and 1,400 bu by sample at 97G9734¢, free on board, Total, 2,600 bu, COBN—Was dull and easier, averaging though Liverpool was reported ss improvin outside quotations of Friday. But Now York was dil, snd the expectation of large receipts op Monday, a8 y noted in the caso of wheat, with the fact that have increased not far from week, repressed the ardor of few buying orders on the floor, and s farther down- jward movement was only prevented by little stroget- je bidding by parties who presumably did not want to buy, Seller April opened at 65c, and sold at GDixe, de- clining to 6430 at the close, Seller the month sold at 63,@6te, and seller May at T1@i1¥e, both closing at theinside. Cash sales were reported ‘of 125.800 bu ‘No. 2 at 63{@64(o ; 10,000 bu rejected-at 6234 @63c 5 2,000 bu ears at 66@67c on track, and 400'bu by sampls at 53c, Total, 138,200 bu. ‘OATS—The market opened weak, and declined ¥@ Xe, under liberal offerings of cash. but recovered’ to- ards the close, ‘The receipts wero smaller. Seller the month’ or cash sold at 62@52xe, and closed at 523,@52\¢. Seller April sold at 523, @5%c, and closed at 62/c, and May at 55%@56c, Fresh receipts of No. 2 sold at 52¢@ssc, and rejected at 503gc. Cash sales were reported of 44,800 bi No. 2 at 524 @’53c; 2,400 bu rejected at 503/c, and 1,800 bu by sample at 31@5éc on track. Total, 49,000 bu. ‘RYE—Was in moderato request at the recent reduc- . No, 2 sold at 7@97izc. Sales were limited to ba Ko. 2at 97@9735¢, and 400 ba by sample at Xe lower, ig, at the 99c, on traci B: ¥Y—The market opened dull and weak at the cline of the previous evening, seller April being sbout lc lower, Cash was very quiet, and the c= nesa in options early was due partly to comparatively liberal offerings ; towards the close many sellers with~ drew, and prices recovered %@lc, Seller April sold at $1.01@1.03, and closed at $1.02%@1.03. Seller the month or at $1.05, closing at $1,0534 bid. N.S. receipts of No. 2 were quoted st $1,09@1.09, and do in A., D, & Co,’s brought $1.12, ‘Sales include the follow- ings, a0 be Ro. 3 fresh in N. 3. and AnD Co.'s, at s L125 sample at $1. 25, all on track, Total,'3,200 bu, ae LATEST. ‘Mees pork was quiet in the afternoon and steady, A salo was noted of 250 bris seller March at $18.12. Lard was offered’and cloced s shade easier, but noth- ing was done. The market was quoted st $13.15G 13,20 cash or the month; $13.2734@13.80 for April; $13.4734@ 13.50 for May, and $13.674@13.70 for June. ‘Wheat was quiet and steady during the greater part of the afternoon at a slight redaction from the closing prices at Lo’clock. Seller April sold st 873; ana closed at thé inkide, Beller the month sibeed a Gorn was in moderate demand and 8 ehade'botter-at the close, selling at 64(@647jc for April, and xa 637{c for the month, both closing at the outside, Sel ler May noid at T1@i1i¢c. ata and other grain were neglected, LIVE STOCK. onTaaco. Receipts were as follows : > Cattle.) Hoge. Sheep. 2,570] 6, 483, oit| £003) | “BL 2,820 | 8,230) 435, 2ia7{ sioi7} 1,392 4,993 | 14,114] 1,816 1,500 | 10, ‘600 14,87 | 51,426! 4,973 14,351 | 77,274) 10,889 13,775 |118,550; 13,752 good reques ff at $8.00@4.50 for arerages of from 800 to List ite, Butchers” purchases were principally at $3.50@ 4.15, for common to medium grades. On Friday fancy drove of Logan Coun:y ateers averaging 1,600 ‘was sold by Wood Bros, at $7.20, The cattle were fe by J. W, Wright, Saturday was an active day. The assemblage larger than is often Geen at the sacks the closing day of the week, and 0 brisk waa the mand that by midday moet of the offerings changed hands, ‘That the high prices of the past fey days will call out an increased supply may be takex for granted, and if values ahall be subjected to soma ‘thing of a reaction it will occasion no surprise, quorarioxa, Extra Booves—Graded steers, weighing 1,400 $0.1,550 Ib8....0 cseesivenrsectse 7.4, Choice Beeves—Fine, fat, well formed 3 year i 10,5) seer old stéera, welghing 1,250 to Good Besves—Weilsiattoncd, Anely formea” steers, weighing 1,150 to 1,300 Ibe........ 5.255, ‘Medium Gradee “Steere in fair feah, a et ing 1,100 to 1,250 Ths... s+ 4TS@5.08 Butchers’ Stock Poor” to) fais “aleara, ‘and common to choice cows, for city ala weighing 800 to 1,100 Ie... iden tock Cattle—Comimon m0 insdeq t the week enabled sellers to establiah a abetantial vanes over the prices previously ruling, the marseb going to $6,30@8.00. Under the increased receipts of the closing days, there was some softening of far all grades below: Walle common to fair quate ties have eased off until they have reached » point not materially in advance of the closing quotations of last week. Now that the interruption to transportation caused by the recent severe snow-storma no longer ex- ists, a pronounced ineceaso in our supplies may cont dently be predicted, and that the coming woek will wite ness lower prices can scarcely be doubted. Only thres ox four of the packing-houses hava, been ‘running, and the total of their purchases did not much exceed 15,000 hogs, most of which were taken st $0,607.00. Saleq of light weights were chiefly at $5.50@6.75, and choice to extra heavy at $7.25@7.75. For selected Philsdele phia hogs $7.90@3.00 was paid in a few instances, Saturday witnessed a fair active movement, and Prices were about ateady at $5.00@6.25 for skippers, a& $6.506,75 for common to choice bacon grades, and at $6.50@7.50 for poor to choice heavy. 0 No Av, Price, No ictal X No Av. jee. No, Av. Price.| No, Av. fog 2 20 $8.50: 97....288° $0.50 19 bes 38....190 6. HH. 5 6.84 50... 605 6. 52, eed 6. 4, 6.54 4. 92. & “ Ta 6s 2 Sa 6. € 3 6.65 6 x a 61 ta 6.40) 51. 6. 6.50 x +189 6.50) SHEEY—The market opened active snd firm, continued so throughout the week. The receipts a the lighest for many weeks, and were sbsorbed at an average advance of 50c per 100 lbs, We quote closing Prices at $4.00@4.75 for poor to common ; at$5.00@ 5.25 for medium, and at $5.50@6.75 for good to extra, Full tayeo-fourths of the ‘supply was on Easter account TELEGRAPHIC MARKET REPORTS, FOREIGN MARKETS. Loxpox, March 6.~Amount of bullion gone ints the Bank of England on balance today, .£30,00% Consols, money, 93@93%;; account, SX@I%; ‘Sa 1073; 1678, 1073 ; 10-403, 103; new 5s, 103; New Yosk Central, 92; Erie, 244 @2434 ; preferred, 39, ‘Pants, March 6,—Rentes, 65f 502, Faavaronr, March 6.—'62, 99%. Livenroot, March 6,—Bresdstuffs quiet and uns changed. Bacon—Long clear middles, 45a 6a ; aboule ders, 348 6d, Hams, long cut, 4% Gd. ‘THE NEW YORK PRODUCE MARKETS. ‘Special Dispe to The Chicago Tribune. New Yous, March 6.—Frovz—Steady, with moder ate business ; sales, 7,000 brs. Southern flour quiei withont cnsnge ; gales, 600 brig. Rye flour steady! sales, $00 bris, Corn-meal in moderate request and without change ; sales, 500 bris at $3,60@4.30 for Weate ern, and $4.75 for Brandywine. Guars—Wheat quiet and prices withont ebangey sales, 46,000 bu at $1.07@110 for No { spring; §$11I@L14 ifor No. 2% Chicago: $1.134G@L16 for No, 2 Milwavkee; $1,161.19 for No. [spring ; $1.07@1.03 for ungraded Towa and ‘Minnesots spring; $1.23@1.26 for winter red Western; $1.26@1.27 for amber do; $1.2%G134 for white West em. Bye quict at 81@95c. Barley quiet without change. Barley malt dull; sales, 4,000 bu Canads ‘West at $1.25 cash ; 500 bu do, $1.25 0n ‘time, -Corn ‘without change and in moderate request ; sales, 38,000 bu at 85@85}<0 for Western mixed ; 853@8éc for yek low Western. Oats quiet; sales, 26,000 bu at 67G590 for mixed Western ; 68@70c for white Western. Puovistoxs—Pork steady at $19.12(G19.95 for new mess ; $15.00 for extra prime inspected ; and $18.00 for prime mess, Beef quiet at $10.50 for plain mess ; $11.00@12.00 for extra, Beef hams unchanged at $19.00 @%2,00 far prime, Tierce beef quiet at $20.00621.00 fot prime mess; $22,00@21.00 for India do. Lard quiet; sales 100 tcs at 13%@13 1-16 for prime steam. Bacon firm at 10%@10}fc for city long clear; 103{@10}e for Western ; 1034¢ for short rib; Uc for short clesr ; 1¢ boxes city long clear at 1330. The de= mand for Florida and other parts of the South caused a firmness, and light supplies checked business, ‘Dressed hogs firm and scape at 9@9%¢ for city ; 85 @8%Xc for Western. Tatrow—In moderate demand at steady prices; sales 80,000 the prime stock at 834¢, 3 Fercats—Dull ; rates on grain nominal; not suf ficient doing to establish rates, For Liverpool, steam ~350 bales cotton, 3d per pound, f ‘Recerpts—Whisky, 826 bris; flour, 14,039 bris ; peas, 2,300 bu; corn-meal, 631 sacks and 1,700 bris; eter, ot vis beet Te 0 Fee 8 cut meats, .536 do; butter, 1,656 do; eh 5 1 oo ett To tacks dtenine’ 110 plge ewe 29,440 bu; corn, 44,400 do; oats, 18,150do: barley, 1,600 205 Geeds, 374 do ; malt, 5,400d0; dresaed hogs, ‘Warery—Steady, with moderate inquiry ; mnles 350 bris at $1.11 per gallon, « free Aezoctated Press} ‘New Yort, slarch 6.—Froun—In moderate demand; receipts, 24,000 brls; prices unchanged. Bye dour and, corn-meal unchang Grarx—Wheat steady, with limited demand; ree ceipts, 29,000 bu: No, 1 ‘spring, $1.15@1.19; No, 3do, $1.0761.09 ; No. 2 Chicago, S111G@1.14; No. 2 Mis waukee, $1.15@1.16; No, 3 Northwestern, $1121.14 ungraded Zowa and Minnesota spring, $1.07@i.18; win- tor red Western, $1.23@194; amber do, $L25G1.27; white do, $1.27@1.34; No.’ Minnesota, $1.18, Bye quiet at 81@%5c, Barley quiet and unchanged, Matt dull; Canada West, $1.25 cash, $1.45 on time, Corn somewhat unsettled, opening firm, and closing with holdera more to realize; receipts, 44,000 burs mixed Western, &3@8Sc; white Western, 8c; yel- Tow do, 85@95},¢; unsound Western mixed, 85c. ' Oats Gull; ‘recerpte, 18,000 bu; mixed Wostern, 61@6Se > white do. 68@70c. ‘Hax—Unchanged. Hors—Hesvy. Gnocenres—Coffee quiet and firm ; Rio, 16@1%e ia gold. Sagar orm fair 10 goodretining, 73,Cae roe ined, xe. “Rice quiet and unchanged, New Orleans molasées firm. - Perrorkom—Dul and down; refined, 15@1540; crude, 75@7Xe. Srauved Resrs—Firmer ; $2.074@2.121, Srmarrs or TunPsxtme—Steadiar ; Y6c, Euos—Scarcely ao firm ; Western choice, 45e, LeaTuer—| eeerealys donentio fi pulled, 98 fooL—! ly; domestic fleece, 60@60c; @50c ; unwashed, 16@3Tc. : ‘Provisioxs—Pork quiet; new mess, $19.25; extrs prime, $15.00; new mess for March, $19.10@19.L5 fot ‘cash ; $19.15@19.50 April. Dressed hogs quiet; Weste ern, $3.75. ‘and cut meats quiet, Bulk’ shouwk ders, 75,¢ in tierces ; hams, 1ON@lixc; middles frm Jong elear, 1034@103¢; short clear, lic, Lard arm] prime steam, 186. - UTTER] Carrse—Unchanged. ‘Wuisey—Steady at $1.11. CLovez SerD—Quiet; Western, 10%c. ‘MeraLs—Manufactured capper new sheathing, 230 Ingot take steady at 2Uy@2%zc. Pig iron—dcotell quit rican ot at 4@38¢; Am quict at 25@%¢; Russia sheet, 14c. Naits—Quiets cut, $3.25; clinch, $5 00G6,50, SPECTACLES. BRAZI Salted to all siehts by inspection at M4 cian, 83 Madison.st, (Tribune Building). Sheep. 718! 1,52 17301 3,739] ‘50| 3,c01! zo 3,208 1,578 486] 22,316| 3,909 Seca] anole] 7484 CATTLE—Under the light receipts resulting from the mow blockade, and in response to the sharp up- ‘ward movement of prices at the East, our market dur- ing the past week has been active and strong, A more than usually full attendance of buyers was noted, and from the opening of trade on sfonday down to the close of the week “there has been aatesdily active de- mand st materially advanced prices, Mostof the stock was taken upon the day of arrival, and at prices that must have proven remunerative to the owners, as, in comparison with the prices current during th previous week, there was an appreciation of fully 25@ 50c per 100 Ibs, ‘The wants of the home trade have |” not been urgent, but the supply of the descriptions of stock sought after by Chicago butchers was lesa than ustial, and thst fact enabled holders to promptly realize at the advance. We have had more choice cattle than during any previous week wince the beginning of the year, and sales at prices ranging from $40 upward to’ $6.75 were not infre- SCALES. ~ FAIRBANKS’ ‘STANDARD SCALES OF ALL XINDS. - 2M FAIRBANKS, MORSE & 00« a 111 & 113 Lake St., Chicago. Be carefalto buy only the Genuine, MEDICAL CARDS. NOCURE! Dy, Kean, NO PAY!! 860 SOUTH CLARK-ST., CHICAGO, be salted, nally ghargte Meabaconain pees ob BS. SE oe ete OBSTACLES TO MARRIAGE. 5 guvelopes. Ad OIATION, 419N. Ninth-st.. Philadelpaia, Pa—an ln, stitntion having s high repatation for haparebie conned and Drotesstonal s } i i :