Chicago Daily Tribune Newspaper, December 29, 1878, Page 6

6 THE CHEC;A.GO TRIBUNE: RSUKDAY. DECEMBER 29, IST8—SIXTHEEN PAGES, — THE REVENUE LAW. 1ts Defects and Proposed Reme-= dies Again Discussed. * Speeclies by Kirk Hawes, A. Jo Gallo- way, D. K. Tenney, and Others. - Other Reforms Suggested by a Correspondent. A meeting of citizens of the Third Ward was held at the corner of Wabash avenue and Twen- ty-second street Jast evening to discuss the rev- enue question,—the system by which taxes are Jevied and collected. The attendance was rather meagre for some cause or avother. The meet- jnz was called to order at § o’clock, and Lutber Stone was called to preside. Kirk Hawes stated the object of the meetiog, and made quite 2 spéech, in which he referrea 10 the recent discussions of the question of tax- ‘ation by the members-elect of tue Legislature. While the discussions, he said, had de- veloped a ereat variance of obinion, it came of tbe fact that we had so fron- bound Constitution. We hadZbeen taxed on our morigages, our bromises to pay, and on evervibing -available, which be maiutained was the result of commercial ex- change, auounting in tbe course of business to double tuxation. As the law stood, the people were taxvd upon waut they had not as well as upon what they bhad, which was upjust. He was not prepared to say who sbould pay the tax ou mortgages and promises to pay—the person who beld the property or the person who held mortgares—but it was an important question. The Supreme Court of California had decided that mortgages were DOL Property, and tne laws there were pot very different from our Jaws. Ounr taxes were divided by towns under what was kuown as rownshio organization, This was 2 serious grievance, and persons hold- {og property in the three towns were liableto be imposed upon. Theusual percentage OL assess- ment was 33 per cent, but there was nothiog to govern the three Assessors, and no means to equalize the assessments. Towaship orzanization, it was said, could be abolished, but to abolish it it was necessary to have addi- tional lezislation. Under tbe present systemn the secretion of proverty was common, and we had a Board of Equalization which amounted to nothing. Intbe matier of tax-sales he would have the purchsser at such sales assured that he woald get his money back, which would be a guurd against 5o much proverty beiog ft orteited 1o the State. fe was iu favor of the State tax beiny rused by license, und the county and city 1ax would nct be so onerous, and the” Board of Equalization would sovn becuyme uscless. He had wo idea that the next Legislature would remeds all the evils in our revenue system, but he was in favor of the nppointment of 8 com- rission by the. Legislsture to discuss and con- sider, the revenue system, to report two years hence to the rezular session of that body. 7 A+ 3. GALLOWAT was the next to speak. Speaking from his ex- perience as Assessor, he said that it was impos- sible to make A proper assessment in the time allotted. He bad recommended the appoint- ment of some one gs Tax-Commissioner—an oflice he regarded s entirely necessary. Thoat oftice, for some reason or other, did not exist a great while, ane the results had not been very satisfactory. Among the assessments made was 550.000 on $2,000,000 worth of property on the North Branch. The speaker. was subse- quently elected a member of the Board of Su- pervisors, and at_the bead of tae Equslization Committee be had had considerable experience, which he recited in detail, arguing that for want of Lime a proper equalization of the assesswent Dbetween individuals could not be made, neither could an_equalization be made betwecn the wowns. He contended that one-half’ the proverty of the State paid threequarters of the tates, and tbat under our present system of valuations just taxation wasimpossible. The County Clerks of the State, he believed, really controiled the maiter of assessments, and they .would b2 found to be a powerful lever against improviog our revenuc system, from the fact that they had an interest in not improvicg it. ‘The most important surgestion he had to make was the pecessity of havinz a County Assessor, ‘who sbould be efected for a term of years, with a view of getting a correct valuation of proper- v, which was really the desideratum to be gained. This officer should have the appoint- meunt of his asaistant, aud be held responsible Zor his conaact. 'As o remedy for existing evils ‘ju the revenue system, all he nad to recommend ' was the adoption of s ideasof September, 1874, in a report he made to the Citizens® Asso- ciation, and which was forwarded to the Legisla- ture at the time. Mr. D. K. Tenuey was the next speaker. He gaid tbat all those interested in the question of taxation could do would be to sugest: and, gince 2 meeting of Mayors was to be beld at an earty day, he proposed only to sugeest to them, elieving that whatever they might recommend would be concurred in by the Legislature. All tangible and visible things, be thought, should be taxed,—the Constitution required it,—and 1his was all be touk any interest in. He would have a State Assessor or a Burean of Assess- ment, and he should hold office for a term of vears ond appoint his assistants. He wonld bave him certfy to. the assessment of the prop- erty to the several connties, and this would wipe ot the State Board of Equalization, which never haa a reasonable existence. In the mat- rer of the nation’s revenue the assessment and rollcction was uniform and perfect, and the rule would apply to_ the State, same and o State Assessor coutd have 1o prejudices or temptations, and the assessment would be proper and rizht. He would have every mau testily under oath to the value of his personai property, and thought tlie result would be a large increase in the valuation. In the matter of the collection of personal taxes, be would require the County Collector to either collect the tax or pay the amount into the treasurv_out of his own pocket. [Laughter.| { He wonld fix a rute of intcrest—12 per cent— on taxes not paid in thirty days after they were .due, which was the iaw in some States, and in the sale of_property for taxes he wonld allow the buyer 25 per cent per anoum, which would secarc the payment of the taxes eitber by the owner of the property or by the speculator, and atthe cud of the vear be would give 2 deed to the property. This woula result in the sale of ull Qelinquent property 2nd do away with the forleiture, provided the purchasers were guard- ed against all Jusscs, as they should be. LAZARUS SILVERMAN e thought that the important consideration in the matter of taxation in the county was to reducs tbe expenses. He would abolish the Park and Town Boards, and, as 3 further matterof econ- omy, bave the City Council and County Com- misslouers one body. These bodies had run up 1he expenses and increased the city and countv debt until the taxes were so heavy that the peo- ple could not absolutely vay them. Rents were Jowes now than three years 2o, yet the taxes rerc three times as high. He thought an as- sessment on the full valueof property ought to Ve about 13¢ per cent, and this wonid yield in the county a revenue of from 5,000,000 to 36,- 002,000, which would be ample to meet all ex- penses. He wanted a committee of attorneys of otliers appointed to drait a bill _embracing {hiese ideas to be submitted to the Legislature this winter. Mr. Witkowsky did not believe that sll of the various Boards could be abolisbed, nor that the City and County Governments could be consoli- dated. He was in favor of abolishing the per- sonal property tax entirely, and of assessing 1sngible, visivle proverty only. The law zo erning asscssments could not’ be materially im- proved, but that governing collecting the faxes could be improved. The wnaking of an assess- ment on the time allotted by law was an apso- lute farce, and the time siould be extended througrh the entire year. i Several other ventlemen made suggestions on tnc questiou in dispute, whereupon Mr. Tenney movea the adoption of a resolution as expres- sive of the sense of the pathering ‘thst the Lemslsture appoint 3 _Commission 1o revise, simplily, and make efficient thie Kevenue 1aw so tnat personal propes ‘would be properly taxed in fact as wellasin theory as real estate was. Mr. Galloway objected tothe Commission on 1he ground that it would amount to maushr. e coniended that if the Legislature appointed the Commission politicians would be appointed, and that it would result in paying men tor do- Ing nothing—a repetition of a eimilar experi- ment of sume years 1eo. Mr. Tenncy “then amended bis resolution or motion eo that it should be 1be sense of the meeting that the Governor should appoint the l‘.ui:rcnamssian, and 35 amended the motion pre- vailed. Some further discussion followed, in which Air. White and others 1ook part, und at a late hour the meeung adiourned. TWO HUNDRED AND FORTY PONDEROUS BOOKS. To the Editor of The Tribunz. €a1460, Dee. 23.—The suggestions made by 3tr. Klokke,the County Clerk, before the Citi- zens’ Association, Thureday, are certainly im- portant and censible. He proposes that some 240 ponderous volumes of tax manuscripts be dispensed with, and from $25,000 to. $30,000 a Jear, the cost of their preparation, be saved by 2 ) the abolition of the. township. orzanization in 1his county, and some modifications in the Rev- enue laws, He would do away with the delin- queat lists of Town and County Collectors, the judgment record, and about one-half of the pre- cept or sale book, leaving only the assessinent list, the warrant upon which judement could be entered against property unpaid, and a clean tax-sale record to be made up after the annual tax-gale. ‘That the city and county should also be con- solidated into one city and county of Chicazo under the management of = sinzle Board of Aldermen, like the city and county of Thila- delphia, the city and countysof San Francisco, and other large cities, would bea step in the right direction, seews to be the opinion of most of our lesding business men. The outlying towns could be sunexed to Lake, De Kalb, and, Will Counties. 5 . Again, why should we continue the infernal system of aunual assessments crowded into a spuce of sixty days? We have got rid of one- half the nuisance by abolishing *the annual as~ sessment’ by the City Assessors, aud making the county assessment answer the purpose of both city und county. But of what use is an anpual assessment of real estate? Do the values of real property fiuctuate so nnequally in dufer- eut paris of the city as to require a basty ao- nual readjustment Jor purposes of taxation? Wouldn’t one careful adjustment or cqualiza- tion in five years answer as well? Iam told that in Ohio they do not assess every year; that in Penusylvavia they assess ouce in ten years; while in England there has ot been an entire assessment of real estate for 200 years. By combining the buildivg-permit office here with tbat of the Assessor, uny new ouildings could easily be valued and added to the regular list, and losses oy fire or otherwise deducted. It is objected that many ward wnoliticians would be thrown out of comfortable guarters for sixty daysor so each year if we should do away with the anoual assessment, but I know many taxpayers who could get alony comforta- bly ever without having to support them. X wouid sugzpest that a petition to the Legis- lature—equal in size to the 240 ponderous vol- umes—be loid before its members praying for these reforms, which would save us erough money to build a Court-House every tive years. KeLsey REED. e REAL ESTATE. Active Demand for Houses and Stores—The New Music liail—Sales, Building Permits, and Loans—Something New in Houso Archi- tecture—~Western Farm Mortgages. Real-estate dealers report their chief occupa- tion at present to be receiving applications for STORES AND HOUSES, wanted for occupancy mow or in the spring. There is-an active inquiry for business and dwelling accommeodations, and the pumber of vacancies was never smaller than mnow. The =agents begin already to talk of higher rents in the spring. Thompson & Steele report that they have refused advanved offers on some of their pioperty to be leased in the spring. E. C. Cele bas rented ail the stores and apartments ip his new building corner of Bishop court and Madison street, and has appli- cations for more in the same neighborhood. There is now - NOT A VACANT STORE to rent on Madison street. from Canal to Ash- land avenue. & The project for the improvement of the va- cant property on the southeast corner of State and Randolon streets with a cominodious busi- pess block and mus.c hall, to be used by Prof. Swing’s Central Cburch, has made good preavess aurivg the week; and-t-is expected that by Jan. 1 the necessary $150,000 of stock will have been subscribed.. Jacob Weil sold 50x100 at the corner of Pau- lina and West Madison streets, imoroved, rent- ing for §1,850 a year, for $15,000 cash. T. B. Bovd _sold to_John V. Farwell 1.100 acres, stock farm, in Powesneik County, Towa, for $2),000; and to R. Mickle 1,000 acres, cotton wlantation, in Noxuba Couuty, Mississippi, for $10,000. *t’. J. Kinsetla sold_to P. B. Keogh house and 1ot No. 1533 Shurtleff avenue, for $3,200. 3 Fifty feet on the vorthwest corner of Indiana and Thirty-seventhstreet was sold for §80a foot. Tu the sales of the week were 60x111 feet on West Polk street, near Hermitace avenue, $9,000: 25x125fect on West Madison street, west. of Loomis, 33, 51x179 feet_ou Prairie ave- nue, near Twent: v street, 321,000; 24x173 feet on Michizan avenue, improved, near Eight- centh street, $12.240; 25x110 feet on South Dearborn,” near Thirty-Grst street, improved, §3,700; 40x125 feet on West Taylor, near Camp- bell avenue, $2.400; 25x100 feet on Morgan street, south of West Taylor street. $2,000; and on Hermitage avenue, near West Polk strect, 160x126 feet, with 43x110 feet adjoining on Polk street, with improvements, $42,000. The activity in BUILDING AND LOANS decreases together. The only building permit worth notiee issted during the week was for three three-story brick houses, corner of Indiana and Rush streets, to cost 33.000 each., The trust-deeds of the week numbered 44, to secure 79,576, and the mortgages were 15, to secure 27,522 The growing demand for further improve- ments in city homes is shown by the fact that several prominent gentlemen of New York have uite recently offered a prize of $500 for the best esign for an inexpensive house. Among other things for the competitors to consider were light, ventilation, sccurity amainst fire, drainage, and ‘convenience of arrangement. The plans of a number of houses which the Union Mutual Lite-Insurance Company propose to erect upon some of their vacant property in the southern part of this city combine these features. The plans are the work of Messrs. Wheelock & Clay. ‘The probiem of erecting houses in a continuous block, aud yet havine the appearance to a great. degree of isolation, is accomplished by a double court in front betiveen each pair of them; this featnre, besides giving ample light and ventila- tion to all mterior rooms, affords the architects an opportunity of displayiug considerable va- ety in the treatment of their desigus, not only of the exterior, but of the interior. The courts in the rear are quitc similar to those in front, Jeaving only & short line of party-wall betwcen the two houses. As the courts are thus in pairs, they give double the amount of light, and yet the windows are €0 arranged that it is impossi- bie to sce from ove into any other. Also by an ingenious_arrangement of the stuircase in each alternate house, the front entraoces are entirely separate and come in regular snccession, a feature which we have never before seen accom- lished where light courts have been double. These houses are to be two stories, with cellar and attic; in the cellar are located the laundry, furnace-room, storerooms, etc., ete. Each house has a parlor, hali, and staircase- Tuall, dining-room, kitchen, ete., uoon the tirst floor; part of them havea library in addition, all well lighted and ventilated. The main stairs are located at the rear of parloryand not c: posed to view upon entering—leaving the eo- trance balls, which are to have tile floors. open and unobstructed, ‘The misrepresentations continuously made by the New York 7%mes about the security of WESTERN FARM MORTGAGES have called out 3 convincing reply from 2 cor- respondent, who write: = Certainly, it cannot be maintained that seents in the Eastare more honest or more intelligeat than agents in the West. In the great majonty of cases we suppose a pood agent can olace n mortgage loan betier for the loaner than he coula doit_for himeelt. Take the money that vocs ont of New York City for such loans. What would the owners thereol know about the real eccurity of a farm loan? Asa faci, this ousiness isdone almosl. entircly through azents and it is a» eaxy to nd a competent agd trustworthy usent in the Westasin the Enet, New York merchants can get the standing and worth of a man 13 1llinois 0s correctly ag in New Jersey. But the test of this ousiness ismot in reasoning upon it butin the facts. Eastern capital bas sousht Western furms for investment a sufliciently long period 1o give us data of facts to base decizion upon. Do the facts show that the business has been successful andsafe? They do. Nearly eyery xind of investment in the East shows greater losses than do Western farm loans. \We know of one agency in the heart of Illinois that in the last eizhC years has placed $500,000 0a farms for Eastern people and have not losta doilur, and are rurely ever behind 2 day with their interest. And. ac- coraing 10 a statement given to the public, called out, provably, by tie articies in the Times, the above case 163 fair eample of this kind of juvest- ment. Ifit can be traly adirmed that, thronch these tight times these loans have stood fair and paid taeir interest with reasunuble promuiness, will this not be a complete answer to all objections fo this business, atdeast up to the present time? This canve eaidin troth: Western farm-loans have etoodas well or better than sEastern, and have paid their interest as well. if not bei A these facts take the point ont of any argument that muy be framed to prove that farm-morigages West willbe any more insecure in the fnture than the same kindof invcstmentmin the East. Momey Jjudiciously placed upon land s o Joan is the safest investment i the world, and_that may be done in the West as safely as in the East: — sxnlemr’s TRANSFERS, ¢ following instruments. w i 23 ord Satarday, Dee. 56, ere filed for rec: CITT PROPERTY. Desn et, 8 w corer of Paulina st, 1 e f, ‘243100 ft. dated Dec. 27 (W. J. Warder to Thomas Carbine).. 200 West Eake &1, 275 {t w of Hoyne av, 25 ft 1o alley, dated Nov. 14 (Corneliua Tobinson 1o Frederick Katz) . 2,200 Lincoln us, between Dielden aid Folicr: o ave, n ef, 50 11, dated Dec 20 (Williom E, WarrentoR. H: Richard- D) sovs. chuorens onnn _sze seswversesss ' 0 Seventeenth f1, “beiween May und 12k sts, 6 1, $0x12414 fi, dated Dec. 4 (Charles Relssiz to Josef stenby).... West Seventeenth st, hetween May znd Fisk ste, g f, 24x12434 f1, dated Dec24 (Charles Rcissly to Joseph Dusck)..... 825 ‘West Seventeenth st, hetween May an Fisk sty, 8 f, 24312412 ft, dated Dec.2d (Charles Reivsig to Waclav Houdek) Grovetand Park av, 250 ft n of Thirty-first 8t, W, 20x84 ft, improved, dated Dec. 19 (Wendel Becker to James B. Rem- MINWRY) verroannnn . weseans 6,000 Hubbard st, n e cor of Hoyne av, 8, 22x 8411, duted Dec. 10 (John Covert to James Saul.. eevasseiaaees 4 Bryan place, 154 6-10 ft 5 e of West Lake 8L, 8 w f, 50x132° [t. dated Dec. 20 * (Willinm S. Davison to N, K.Fairbank) 6.250 SOUTI OF CITY LINITS, WITHIN A RADIUS OF SEVEN X F TIE COURT-HOUSE. Dunean av. 235 itn of Fifty-seconast. e f. 25x104 ft. asted Dec. 19 (Joeepl Steinfeld to John Reid) ..... .. SUMMARY FOR THE WEEK. ‘The following is the total amount of eity and suburban transfers within 2 radius of seven miles of the Court-House, filed for record dur- ing the week, six months, and entire year end- inz Saturday, Dec. 23: City sales, 45 eration, $208,184. North of city limits, sales, 1; consideratiou, $1,800. South of city limits, sales, 9: cousideration, $7.550. Total sales, 55. Total consideration, $217.534. w 3,250 3 430 SIX MONTHUS ENDING DEL. 28, Sa‘es. Consideration. $6,245,303 “'105,185 810 8,870,210 Grand total for entire year . $10,324,763 THE ELECTRIC LIGHT. Extracts from n Letter by President Steb- bins, ¢f Brooklyn—The Lights Used in Paris More Expenstve than Gas. New York Trivune, Dec. 26. Among the visitors at Parls last summer was Mr. James H. Stebbins, of Brooklyn, the Presi- deat of the Citizens' Gas-Light Company, who paid much attention to the subject of the elec- tric lights, by which ceriain places and avenues in Paris have been brilliantly illuminated for the edification of strangers. Mr. Stebbins has writ- tena long letter, giving the result of his ob- servations, which was recently read before the Board of Directors of his Company in Brooklyn. Mr. Stepbins investigated particularly the cost of the electric light. It is on this point that his letrer especialty dwells. ‘The principal place where the electric lizht was seen in Paris was the Avenue de 1'Overa. 2 street 3,250 feet loug, in which were placed thirty-two of the celebrated Jublochkofl can- dles, replacing sixty-three gas-lamps, each with three burners; that is to say. replacine 189 gus- lignts. Mr. Stebbins asked the chief engineer of the Paris Gas Company about the cost of the light in the Avenue de 'Opera. This was the result of the interview: In responsc to my pressinz inquiry, and after ‘much deliberation. he informed me as to the tions existing between the city and the Jablo Compaay. 1 pany the privilezc of using the Avenue de I' and sundry public places during the whole period of the Exposition, from May 1 to Nov. 1, for the purpose of lesting the new light. The cost of machinery, lamps, posts, underground condnctors, etc., to be defrayed by the Company; the Company contractinz to supply the electric light at 125 centimes (:25 cents) per hour per lump, from 8 o'clock till 12 every evening during the period above named. ~ Before and after these Liours £as was to be used as usual. "~ The cost of gas to the city for the street-lamps i3 214 centimes per hour per burner, or in our money Daif a cent. Mr. Stebbins says that M. Alphand, the head of the Bureau of Public Works and Mublic Strects, confirmed the 2nove statement of the Chief Engiceer, and added that for electric lanips of a certain intensity 165 centimes (83 cents) was paid per hour. Mr. Stebbins then went to the Hotel and Magazin du Louvre. He says of the hotel: In tbe court-yard of the hotel eight clectric JJamps are used in place of fifty-six gas-burners, orone electric to seven gaslights. . . . Ad- dreasing myself to my old friend, the manager of the hotél, 1 asked him how he liked the electric light. Ie replied: **We like it very well; we are sotistied.” “~As a question of economy, how does it com- pare with gas? ¥ ““Economy is not our object, and in introducing t that question was not considered. ™ What amount of steam Dower arc you em- ploying for producing the light?™ “ViWe commenced with u three-horse, added a four-borse, then a_forty-horse, and now we pro- ose to udd a_tirty-horse power engine, and then Hgm up the whole store.” Mr. Stebbins then visited the store with this result: To my questidn, ** Do you find the clectric light more economical than gas?" he replled, °*C'est wne question de decor, ce nest pas une quention d'economie™ (**With us it is all for show, as an pdvertisement simply, it is mota matter of econ- omv." ”m{z 15 it your opinion that It i3 as cheap as % As to that, and as a finauciui and economical question, the electric light {6 not practical.” “+ Do you think it is likely to interfere with the use of 7as?" 7 4+ No, I don't think 1t will hurt gas; electricity will have its sphere, and gas will” bold its own place.” These lights were all the Jablochkoff candles. The same candle was used in seven other piaces. 1o two places, the Oraugerieat the Tufleries and the Are de Triomphe, sixteen candles were kept burning with one machine. The electric ligkt displaced only from five to nine gas-lights each. Mr. Stebbins sums up thus: One clectric lsmp costs per hour (25 cents) 125 centimes. Six gas-lampa cost 21 centimes (3 cout) each, _say 15 centi g ‘The electric light thus costing efzht and one- third times more than the gas displaced. If at the higher price, 185 centimes (33 cents), it 13 eleven times dearer than gos. If atthe medinm wprice, 83y 145 centimes (29 centa), 1t 13 nine and two-thirds times more costly than the uas displaced. "To the private consumer, who pays about 5 cen- times (1 cent) per hour for his zas, bis electric light would costhim at the ubove prices 4 1-6, 532 und 4 5-6 times as much as gas, Is there anything in the above figures to en- courage any one economically disposed to use electricity® AMr. Stebbins does not telieve in the superior economy of electricity. MIXED RELATIONSHIP, * To the Edilor of The Tribune. ADRIAN, Mich., Dec. 26.—The foliowing was an actual relationship which occurred in New England between the years 1661 and 1769. The parties were amoug the higher order of society as to wealth, education, and social standing, and have kinsmen of note and infiuence in almost every civilized country. The incident goes to show that in those days there was not the wide field for selection as at present,—at least, there Was more marrying among relations then than toere is in these days: Jonu, Thomas, and Lvdia had,the same parents. Jonn had a daughter, Ann—we will call No. 1; Thomas bad a son, Joseph—No. 2; Lydin bad a dnuelter, Sarah—No. 8. Ann, No. 1. had a daughter, Sarah—No. 4;_Sarah, No. 3, had a daugiter, 0. 5; Joseph, No. 2, marries Mary, No. 5; Sarab, No. 4, has a2 daughter, An . 65 Joseph, No.2, and Mary, . 5, have g son, Caleh—N s+ Caleb, No. marries Aum, No. 6. ‘They had eignt children,: the first boro in 1770, died in 1850, aged SO years. - W JiM BENNETT'S LATEST FIANCEE. . Spéclal Dispatch to The Tribune. New ¥ork, Dec. 25.—The gossios havefound out another match for James Gordon Bennett, and say that the lady to whombhe bas been en- gaged for some months is Miss Mary Pierce, dauehter of James F. Pierce, arich and well- koown lawyerof this city and Brooklyn. Sheis said to be young, not precisely handsome, but very attractive, piquantjand’ graceful, a_ bru- nette, ciever and witty, and a”graduare of the Pacier Institute of Brooklyn. Isend yon this picce of wossip for yhat ivis worth, and asit comes to me. — FINANCIAL. Arsaxy, N. Y., Dec. 25.—The Harverstraw Savings Baok bas been closed by the Attorney- General. 3 x CINCINNATEL, O., Dec. 26.—Tt is now estimated that the failure’of Wheeler & Co., pork men, yesterday, will amount to between $40,000 and $50,000 when all ‘the parties with whom they had deatings are heard from. Charles P. For- bus, the company of the firin, who was arrested, was released vesterday afternoon, but later re- arrested on the complaint of Samuel Kyle, of M!dc&emwu, who charged him with embezzle- men —————— OBITUARY. BALTIMORE, Md., Dec. 25.—Col. Edward ‘Wilkins, late Collector of Customs at this port, died this morning at his residence near Chester- town, Kent Co., aged 60. 3 . BosTox, Mass., Dec. 25.—Ex-Gov. Stearns, of New Hampshire, died this afterncon. 3 - FINANGE AND TRADE. Countiy Banks Buying Gold in k Chicago for Resump= tion. Government Bonds, Stocks, and Distounts-- Chicago Capifal in sil\'er. Rining. The Produce Markets Moderately Active for Holidey Week—Provisions : Steadier. : Breadstuffs Generally Easy---love- ment of Produce During the Weck. FINANCIAL. The conntry banks are buying in the agaregate alarge awount of gold in smali Jots of $5.000 and. | upward. Gold fs theoretically worth no more to them after resumption than lexnl-tenders, but the novelty of the cofn Is a sufficient inducement for them to pay a slight premium to getit. ‘There is some buying in small quantities by individuals for hoarding, but this does not smount to enough to affect the general situation. Gold was at par in New York, and in Chicago was £o0ld at 82 to $2.50 preminm per $1,000 for coin. New York gold exchange was 100%. Government bonds were firm, The 6s 8 1881 advanced %, to0 109 ; the 5-20s of 1808 15,10 108; and the 10-40s 3. to 107%. There {3 a gifference of opinion among bankers sbout the prospective sales of the + per cents after resumption. ‘Two ot the leading New York houses nave issued ecirculara with contradictory views, One sy We anticipate increased sales of the 4 per cents after the resumption of specic payments, and 8 much larger buying for temporary employment of funds, now that the practical disappearance of the 2old premium bas removea the greatrisk of shrink- nge in prices, and for this reason miore rupid prog- ress will be made in redemption of the 8 per cente. The other says: ‘A revival in business cansing a demand for money would, no doubt, check the sale of 4 per cent bonds, and consequently extend the time the G per cent bonds would bave to run. Heavy orders are fow being received m Chicago from Europe for pork, lard. beef, grain, etc., and, a8 consequence, the foreirn exchange market is weak under large offerings of bills. Sterlinz prain and commercial bills are 479%, and the French 525%. Baokers' rates for actual transac- tions arp 4814 @482, and 487. remain the same. Consols continue to advance. The opening rate ‘was 94 15-16, 1-16 of which waseabsequently lost, and the closine quotation was 94%. In presenting the British trade and navigation retarns for No- vember, which give the total value of imports at about twenty-five and a half mi}lion pounds ster- ling, as compared with thirty-one and three-quar- ters for the same month of 1877, a decrease of 19,3 per cent, and the value of the exports'at about six- teen milllons, a8 compared with sixteen and three- quarters for November last year, a decline of 4.7 ver cent, the London Zmes describes the British financial and industrial condition in these terms: 1t is hardly possiole that any general improve- ment in business cun be “looked for, even shonld the politicai aspect dbroad continue to bear out the wmore hoveful expressious in the Queen's speech, while the financial Lorizon 18 so clunded as at the present time. The life-blood of commerce is money, credit, and coniidence; ali these elements may be eaid at the present time to be wanting in a rreater or less degree. The process which is now being witnesred of forcing out the unscund ele- ments, althongh a very vatnful one, is a hignly nec- essary operation if atilt worae 18 1ot to happer: at a Inter period. The Chicazo banks are itill making heavy remit- tances of exchange to New York. Carrency re- ceipts are much larger than the shipments. Dis- counts arc only moderately active. Rates are S@ 10 per cent for time loans, and 7@8 per cent for call loans. Clearings on Saturdny were $2,822,- 053.45. For the week they are reported as follows by Manager D. R. Hale, of the Chicago Clearing- The posted rates Clearmos. 1, 152, 438 Balancer. § Rk Correspondiui week Iast year. Another Leadville, Col., mine, s2id to be the richest yet discovered, has passed into Chicago hands. J. V. Farwell and C. B. Farwoll, of J.V. Farwell & Co.. Mr. Pardridge, of tue firm of Par- dridge Bros,, Wirt Dester, N. K. rairbank, George Walker, J. M. Walker, George R. Clark, Messry, Irving & Holt, of the Board of Trade, and Messrs. T. J. Cooper, J. N. Fritz, John Davies, Howard Ovistt, and the Lake County Bank, of Leadville, have bought the controlling interest in the Little Chief line. The price "psid was $300,- 000 - for ~ three-fifths of the mine. Mr. George R. Clark, of this city, was the agent of the Chicago buyers, who had the refugal of the mine till yesterday, but closed the bargain ten days in advance, on the 18th inst. The Little Chief les between the Lutle Pittsburg on the east, the New Discovery” on the west, Union on the sonth, and the Carboniferous on toe north. Its deposit is the carbonate of lead, for which Lead- ville lias become famous. The carbonate 18 higly charged with silver. There are marvelous stories told of the richness of the Little Chief. In making the drifts, $300,000 worth of ore was taken out, and $3,000.000 was ex- posed. .The deposit bas been *‘proved™ for the space of 300250 feet, and found to have an average depth of 36 feet. ‘This mass will averace 150 ounces of silver, or S163 to the tom. OUne lightning calealator figured out that ome-sixth of the mine would yleld $27.000, 000 or 3270, 000,000 —we forget which. ‘The mine is said to be in hiti- gation, as the adjacent mitie owners claim the de- posit a4 far as they can drift, and the mine is said t0 have been sold tu tiree diferent parties, The pecaliarity of the deposits at Leadville, which were not known when the mining laws were made, is ex- pected to lead Lo some of the most colossal mining suits'm the lustory of this country. Leadville will soon be owned and run by Chicagoans. There are already a large number of Chicago men and a great deal of Chicago money’ there, and a gieat many more Chicagoans have made their plans to o there in the spring. Prices were well sustained on the Stock Ex- change, though trunsactions were not numerous. The Granger stocks were strong, and were reported to be in reauest by good buyers. Northwest com- mon advancea frum 383 to 49%, and the pre- fecred from 70}5 t0.76%. St. Paul common gained 1§, to 55%, and the preferred ¥, to 74. The other gains were Michigan Central %, to 717%; Lake Shore i, to 69%; Rock Isiand i3, to 121; Erie %, to 2115; Wabash %, to 20%; C., C. C. ¥, to 5%; St. Joc common %, to13x; Lackawanna 3. to 41%; Jersey Central %, to® 321¢; Western Union %, to 94%; and Atantic & Paclfic ¥, to 283, - The losses were few and incladed Alton %, to 78%; C.y C. & L i3, to 3314; St. Joe preferred 3, to 34: Delaware & Rudson 3%, 10 Northwestern gold-bonds were 103, and St. Paul sinking-funds 101%, In railroad bonds in New York on Thursday, the dealings were well dietributed. Deuver & Rio Grende firsts rose from 915 to 92%. The TUnion Pacific issues recorded a further improve- ment, firsts selling wp to 109, Land Grants to 109%, and Sinking Funds to 108. Chica- g0 & XNorthwestern consolidated gold cou- pons fell off to 102%, and St Paal consolidated .Sinking Fnnds to 1013, New York Elevaied firsts declined to 103%4, and Morris & Essex Seconds to.107%. Sales of South Pacific firsts were made at 9132@91%. Missoori, Kan- sag & Texas consolidaten, assented, rose to 5014, and do seconds to 18%. Fort Wayne seconds sold at 118, Chicago & Mlilwaukee firsts at 111, and Michizan Central Sinking-Fund 8s at 1093, Missouri. Kansas & Texas, and St. Louis, Kan- £as City & Northera stock are now quoted in Chi- cago by the Gold & Stock Telegrapn Company®s in- struments. The bucket-shop on Clark street has been fol- lowed by another on LaSalle. COIN QUOTATIONS. ‘The following ate the quotations in currency in this market of coins, bought and sold: Trade dollars.. New (#1245 graing) doila: Americansliver, balvesa 1¢ per cent discount In currency. cxlcan doliars, old and new Englieh altver. Asked. § - o FOREIGN EXCHANGE. 2 Sty doun. , Stons, £t Asked, 109'§ 106 108 163! 18 108 United States new 4 per cen 1007 United States currency ... LOCAL SE . Chicago City 7 per cent bonds (long). Chieago Clty 7 per cent sewerage (I6ng). Chicago City 7 per cent water loan (long)’ Chicago City 6 per cents, loni... Chieago City 6 per cents; short Couk County 7 per cent bonds. 07 1085 10244 City Railway (West Side) City Rallway (North Side), ex. div.. hamber of Comineree. ... *Aud interest. The’ following shows the fluctuations of the active slocks STOCES. N. Y. Central Micli. Central Lake Shore.. C. &N. Western.. Wab Ohlo & Miss.. €., C. & [nd”. &1.C. Do preferrud. Del. & Hudson. D., Lack. & Wesi . Central . Union Tel . BY TELEGRAPH. NEW YORK. w York, Dec. 28.—Gold quict at par. Bor- rowing rates, 1@2, ond 1-64@3-04 per diem. Governments steady. TRailroad bonds strong. State bondsdull. » The stock market to-day was firm except coul sharea, which were quite erratic. At the opening there was considerable pressure tosell those shares, especially Delaware & Lackawauna, which sold down to 41. Subsequently there was an advance of %@1 per cent, but the improvement was nearly all lost at the close, when some seiler sixty-day options were pnt ont in Delaware & Hudson at 14 betow the regular gales, 3 In the peneral market, prices advanced X@1 per cent, closine at a fractional reaction. Transactions aggregated 165,000 shares, of which 21,000 were Erie, 13,000 Lake_ Shore, 18, - 000 Northwestern common, 15,000 Northwestern preferred, 6,000 St. Panl common, 8,500 pre- ferred, 53,000 Lackawanna, 4,000 New Jersey Central, 3,000 Morrls & Essex, 7,500 Western Guion, 2ad 3,200 New Jersey Southern. = Money easier, at 2@6 per ceut, closing at 2 Prime mercantile paper, 4%@G6. The Treasury disbursed $1.-408, 000, Custome, $129,000: clexringa, $5,000,000. Sterling exchange and bankers' bilis dull at 48214 signt, 487l The weekly bau's statement fa aa follows: Loans, d¢crease, S149, specie, decrease, $397,000; "legal tenders, rease, 167,100; _denosits, decreage, $415,900; circula decreasu, '$300.100: reserve. _incrense, $573,0 he banks hold $10,478, 775 In excces of their legat re- quirements, GOVZENMENTS. w W 4§ 1053y 10-408 ... 0L 10-40s.” Coupon (Currencies.... 1001 10435! . C., C. &1, % Jersey C a2 |itock ‘Istand. I874ST. Paul.... aul Chicago & Alton Chicago & Alton, [Qulo & Miea 71 2244 C.. B, & Q. " ity Hanaibal & St Joe L1 9% L & St. Joe, pid G . bonde. . Tenuessee 63, old. ‘Lennessec 63 new. Virgiolags. old. Loxpoy, Dec. 28—~5p. m American securities—Illinoie Central, 80; Penn- sylvania Central, 823 Reading, 12; Erie, 2133 Erie. preferred, 35%. United States bonds— 078, 10435 10-40s, 1105 new 58, 1083 4143, 106. Amount of builion goue into the Bank of En- gland to-day, £28,000. Pamis, Dec. 28.—Rentes, 112f 90c. COSIME RCIAL. TLatest quotations for December delivery on the leading articles for the last two buciness days: Ffimy Sumg-l-m [ . 2@5 2@5 The -following. were the receipts and shipmenta of the leading artlcles of produce tn this city dar- ing the twenty-four hours ending at 7 o'clack on Saturday morning, und for the corresponding date tweive months ugo: ||__SHIPMENT. 1875, | 18T%. Lard, Ibs. Tallow, 1bs...C| Butrer, 1bs. ool Ibs.....0 Fotatsen. bu.. Coal, tous. Iav, tons. umber, 3 ) i 4 Shingles. . G40l 3,380 7:0 Salt,”bris...... 338! 1u18 643 Withdrawn - from store during ¥riday for city consumption: 1,200 bu wheat, 2,314 bu corn, 862 bu oats. A ‘The following grain was inspected into store in this city Satarday morning: 8 cars No. 2 red winter wheat, 3 cars mixed, 18 cars No. 2 hard, 66 carsNo.2 soft spring, 61 cars No. 3 do, 36 cars re- Jjeeted, 2 cars no grade (194 wheat) 61 cars high muxed corn, 224 cars new do, 19 cars new mixed, 75 cars No. 2 gorn, 7 cars rejected (186 corn); 15 cars white oats, 6 cars No.2 mixed. 5 cars rejected (26 oats); 9 cars No. 2 ryc; 2 cars No. 2 barley, § cars No. 3 do, 12 cars extra do (22 barley). Total.437 cars, or 180,000 bu. Inspected out: 16,3G9 bu wheat, 11,083 bu corn, 426 bu oats, 5,223 bu bar- ley. The following were the reccipts and snipments-| of breadstuffs and live stock at this point during the past week, and for the corresponding weeks ending as dated: Receipts— ats. b Rye, bu. Bariey, Dec. 21, 1673, 61,090 Dec. 29, 1877, Corn. b The stock of wl p . 1875 wos published as 17,216,067 ba, against 18,017,000 bu for Dec. 21, 1875, The average price of wheat in this market for the weel threc years 020 was 9353¢, and for December threc years ago was 9Sc, ona “*stumptail " crop at taat. The crop of last sear was good in guality, a4 compared with it. The leading produce markets were moderately active Saturday, and stesdier. though avernginz lower. The recelpts of zrain and hozs were near ly the same us the previous day, and the advices from other pomntsindicated tawmeness, The holiday feeling here was rather widespread, but there was o fair volume of bnsiness doinz iu rreparation for the January deliveries; and many operators did not care to make new trades in the absence of decided udvices from the other side of the Atlantic,—the trading in produce there being little better than nominal during the last week of the year, In the market for dry goods there was a restricted movement at mominally steady prices. Groceries were reported ingood de- -mand for the season, and were generally firm. Coffees were moving Iréely, and were firm at 8 %@ 34¢ advance frem the lowest figures jof last week. Rice also wae higher. Sugars were dull, with values still unsettled. There wasa zood demand for butter, and a fair inqniry for cheese, at abont previous quotations. Dried fruits remained quiet and unchanged. - Fish were, inactive, and values were to a great extent nominal. Leather, bagging, iobuceo, coal, oils, paints, and colors rulea quiet, 8s previously quoted. Lumber was in moderate demand andsteady. The sales sre chiefly to Weatern dealers, who are ordering now because they taink freights are at their lowest fignre. Wool, broom corn, and seeds were quict. Hides sold readily at current prices. ‘'he demand for poultry was fair, but the market was easy, owing to liberal offerings of frozen and poor-loozing stock. Potatocs were quiet and firm. The sales of green fruit were light a0d chiefly in small lots to the city trade. The weather inter- fered with the handling of fruit out of doors. Rail freignts were quoted at the following range: Fourth Dressed Dressed uss. Grain. Flour.” beef. 87 k) 64 ST e 2zd famcy hogs. P %0 G0 . 85 8o ¢ figures were named for rail and ocean contracta: ——FloUr——— IN NEW YORK YESTERDAY. Dec. 28. —Receipts—Flour, 12,207 brla; wheat, 35,700 bu; corn, 12,150 bu; oats. 9,475 bn; corn-mesl, 493 pkgs; rye, 2,250 bu; barley. 2,7 bu; malt, 610; pork, 1,279 brls; beef, 2,22 pkgs; cut meats, 6,191 pkgs; lard, 3,881 pkgs; whikky, 848 brils, Exports—Tywenty-four hours—Flour, 21,0000rls; wheat, 92,000 ba; corn. 51,000 bu. WIHEAT MOVEMENT. ‘The following table exhibits the receipts and shipments of wheat at the principal Western points: Kecetved, Shipved, B o bu. Chicago. 115,421 Toledo. 11000 Detrolt. O X1 35,000 96,169 - 287,041 GOODS RECEIVED _ Pori of Chbicago, Dec. 28: Fielg, Leiter & Co.. 7 cases hosery, G cases cotton and drees good Chicago Stamping Company, 368 boxes tinplate; George Tullen & Co., 1,500 ba barley. Collec- tions, $2,709.02. PROVISIONS. HOG PRODUCTS — Were moderately active. and trrezular withln narrow lmits, but firm by comparisoa with previous days of the weeks: though the advices from Liverpool and the East were In favor of a further decline, and hogs at our Stock-Yards were quoted 5 Tower. There was more rported for shipment than the recent average. The following table exhibits the number of hogs packed at the points named since No. 1, 1878, as com- pared with the sac e tme last year: Chicago, 1L Clocinnad, St. Louls. Mo. Mitwankee, Wis! Lontsville, 'K Indlanapoil: Cedar Rapl Des Molnes. Quincy, 1L, Cleveland, O. S sansville, T 161551 6540 The following were th shipmeuts of bog producs from this cliy: For weex Stnce eniling Nuz. 1. Same tiaé Articles. Dec. 25, . 3 77 Pork. bris. .11 N.ue Lard, brls. > Hocks, D&gs X weight, Total £ross Tbs— Lard. Hamd Shies 3 Shou 781.5 “The Cinclanatl Price Current say Tliers has been but little abatement {n the receipts of hozs at leading markets the past week, and us com- ared with correaponding perlod last Year there has cen o large increase, which makes Clie total i at the six cities 1,085,000 compared with a sear ago, the Total packing t these places nOw reaching 2,290, (0. The latter part of Deceaiber 1ast year was very warm in the West. and packing operations were quite fimited. wWhile tn the month of Janiury they were remarkably large. The receipts at Chicago last year for the weex ending Dec. 23 were 5,000, and succeeding weess were 184,000, 25,000, 175,60, 189,000, 29,000, 189, - 000, 143,000, 153,000, and 121,000_respectively. to the close of Februars. Our Information the past. week fndicates that in Ken- tucky and portiuns of Olfo, Indiana. and Tlilnols, the ‘marketable etock of hogs Is getting reduced to s small Qumuer remainiog, while the proportion of suppiles Still available is much larser u most sections of fovwa, Sijssouri, and Kansas. In the face of weaker markets and lower values for “the product, aud & conslderable further sccumulation of stocks, pFlcesof hogs have been generally mata- talned. and are refatively above current values of the mauufactured product. ~‘The natural coaclusion to be urawn would be that hogs must decline or procuct ad- Vance, but packers have pursued an fuconsistent policy 10 such an exient heretofore that it is diieuit to cil- culate upon What they may doin the future, It must De conceded, however, thst (here 18 Httie fn the ont- lovk of the early fiture to give promise of any waterial rally fa prices of product, and_there would seem to be 10 goud Teason why packers should- steads Jolicy of paylng wiore for Lo than tney for them. 2 e Mess PoRk—Was less active, and sgain easler, de- clining 567 but closed frmer ut anout’ i day’s Lai Sales were reported of (oli) At SG. bris seller January ot 5 8000 bu ‘February at 27,45 vas quoted ut 6.5 “Fritne mess por frou: one in LARD—\Was uctive fn cha th to zn- other, and was u shode easier eariy, but closed a beties than an at $5.35 Friday. Sales were reported of 1,000 tos. 35; 5,250 (¢S seller January at $5. 5. r February at $5.57%@5.45; 1 55,52 and .0 ¥ 57 50 tes ‘tessellér April 0, . The market [ 7. 35 for seller Decembers (@535 seller January; $5.40@5. 424 for Febru- ary; rid $5.4756G5. 540 seller March, MeaTs—\Were falrly active, and steady, with o shade ‘more of frmness on creen and 3 xood_demand both ou home and_export account, Sales were o 25,0001bs preen shoulders (N© Y. cut) at Doxca shoulders at Se.4216@2045: 1, s: 14 Seller dannary 5.6216 for March; and $3.7iKa3. 72! 3. : 5,500 Des green d 22,000 1bx do (20 1bs) Drices fer 100 1bs on hor: Sural- [ Short | L and | jclears. ders. | “rior. [S.ciears. Loose, part cured.. Jnnuary, boxed. February, boxe Long clears auoted at £3.30 loose and $3.45 boxed: Cumbérlands. 3¢Ra3c boxed: long-cut hums, 54GE5kc: sweet-pickled Lams, Skie6e for 16 to 13 1 average: ETeen o, 45443 (T same averaes; green shoul- era, 234c. Bacon quoted at 3X@dc for shoulders. 44@4Hc for shorv ribs. 434@d¥ic for ahort clears, 7@3c for hams. all canvased and packed, B Grzasg—Was quoted ‘at 44@1¥c for white, 1@44c for yellov, and 34@4c far brown, d BLEF PRODUCTS<Were steady and quiet at S7.75@ 8.00 for mese, £3.50G3.75 for extra mess, and $14.50@ 14,00 for hame. PALLO: quiet at GREYC for clity and SK@GcTor country, with sale of 300 bris city at 6; = 5 BREADSTUFFS. FLOUR-Was qufet and unchanged on the better grades, while shipping Lrands were quoted easy, a3 Duyera refused to pay asking prices. The trading was clilerly local. Sales were reported of 430 bris winters on private terms; 1.150.brls spring. chledy at S3.50G 4.50; and 25bris buckwhest at $4.00. Total, 1,625 bris. The followlnz was the range of asklng quoca- tlons: -Chofce to favorite brands of whité winters, $4.50@5.00: falr 10 g00d brands of white winters, $3.50 @4.25¢ £00d to chofce red winters, $4.00@4.50: fair to Food sprinz, £5.25G:3.75: falr fo_rood Minnesota springs, $3.50G4.50; chioice to fancy Minnesotasprings, $4.50G5.00; patens springs, $6.00G7.50; low grades, $2.00@3.00. Buckwheat tlour, $4.C0@4.50 per bril. Drax—Was [n falr requestand steady. Sales were 50 tons at $7.75 per ton. ¥ % Corx-MeaL—Coarse was nominal st S11.00 per ton on track. Sale wasmade of 100 brls yellow at §1.60. MinoLixes—Sale was reported of 3G iwons nge at $12.00 on frack. SPRING WHEAT—TWasrather quict duringthe zreat- er varg of the Fessiot, and sieady st adecline of zbout Adc from the closings of Friday. Liverpool was reported siow, and New York dull, while oar<recelpts were ‘zmalfer n voluine, but with light shipments.~ A few outside buying orders were recefved, hut the market Tor futures sccmunl to be chlefly local, aud there way pot much demand, the buyine betng mostly to fill shions. There was's fair tnquiry for shipmens in the Tower grades, but No. 3 suid down Le, and the No. 2 ‘was taken to carry againse futures. Seller January opened at ahout sold ‘st ¥3xc. and declined to #%c at the close. seller Feoruary old at B3N GShic. ciosing at the fuside, and March was quict 8% 34c above February. Seller the monf g ciontne. il eass o 5y S Ig st 1 £ 82 G 3 4 b Eie. Tond AT—WWas In ‘some demand were lnactive, t befne hid xu‘r“.\qufls?i £ elesators. wiihout sellers, Sales e ¥ Saipje 2t §G e, all on traci: bl —Wus wenerally duil, with an averaze deciing n futures, .and nu parti o thoutah the fecling in the. atter was. tamman, ek Liverpool was quoted easy. New Yo s 1k . Qur recelpia Were lanser with small shipmenns vins there were scarcely noy ontslde: orders here efiher oo uy 0r 10 seil. The country seems 1o have yos z G ut 3 i but zraded lots the L B & 0. I trading In corn till after the boi h o 0l1da5 nre over Shipreiy, took Bl very spartuely. *Sofl e o8t actlve, elling 343c. Seller March was quoted at 0j(g: - $0ld 36 303§330%c, and December st Sagszor atter Slo'('l:r'n‘d.;l;:?gix“gdlm“ others at the fastde. ereporied of .60 00 S0: 3w W s e, the outslde I Bl mized at 393c: 1,200 "4 eject i ain, ""52‘!}!{__“5}‘"‘7"‘?"“? 2800 bu b5 sample a¢ Hijg S—Were qulct and unchanged. A few ch 1ade from Jaouary to Febros Terencs fordh lll’%olt.‘)(c (‘l“lfler!ncg A Tod and samples were in fair Decéumber and Janaary were quiét at. 113 it g N on busrd. - Total, 2,000 3 as tn fair local request, u . 2 sold atdle. January was nominalne 'fiu’éfi nsda{iré‘bor}' atyatise. Cachales were Teporied of (w0 N2 oot té‘\!'""' Y sample ot H4%@1Skec on track, LEY—Waa again qulet, and fatu lots were In requeat enriy, 004 fon toors s er: e ut the recent diference. No. 2 gold. @ fe and January at $6@9%iHe. FEhraaty was aniet e s 963e. Extragsoldatseein A.,D.& Co.sand 3z in Cenr tral. - EXtra 3 sold at ZU@50tC for January nod 5154 o Tehraary, the former clostng at 'the mnside, and tha- Is 503%c. No. 3 was quiet at 33G43c. and. v 25Q36c. Cash sales were reported of 2,000 b c, outelde in A.,D.& Co.'s: 3, b c: 1,200 bu N Sates MORNING CALL. —~Sales: 4,000 brls at $7.30 for Janu and i for Marco, T BY TELEGRAPH, FOREIGN CITIES. Bpecial Dispatch 1o The Tridune. : LrverrooL, Dec. 28—11:30 8. m.~FLOUE—-X( 3 s Erermica No. 1, 223 GrAIN—Wheat—Winter, No, 0. 2, - 8 No. 3, 858l white, No. L% 4d; No. -1, 99 8d: No. %, 8 an Coro—New, No. 1, 235; No. 2, 22395, d PROTISIONS—POTK. 50, Lard. 31s. Livzrroor. Dec. 23.—COTTox—Tending up: 5Ka S3d: sales, 10,000 bales: speculation and expor, 2,600; American, 8,500. ProvisioNs—Short clear bacon, 21s 6d. LoNDOY, Dec. 20.—SFIRITS 0P PETROLETY-11kg 13d. The following were Teceived by the Chicago Board of Trade: LivzreooL, Dec. 28—11:30 3. m.—Flour, 18@2ss; winter, 88 £d@0s; spring, 79398 4d: White, Ss@s id; club, 954d@%9d. Corn. =3@233 9d. Pork, 40s. Lary, 3ls. LivEEPoOL, Dec. 28.—Prime mess pork—Eastern, 448: Western, 40s. Bacon—New Cumberlands, 2’ od: #hort ribs, 238; lonz clear, 2331 61z short clear, 243 d: shouldery. 184: bamy. 3. Lard. Prime mess beer, new, 773 India mess beef, new, N7a: extra India mess, old. 4. * Cheese, 455, Tallow, 303 6d. LoNDON, Dec. 28.—LIVERPOOL—Wheat slow. Mazx LANE—ArHvals OIf coast for orders—\Wheat verysul, NEW YORK. Nrw Yomk. Dec. 23.—CoTroN—Qulet at 9k@a%e; fntures steady; December, 9.43c: January, 9.51c; February, 9.70c; March, . 9.8c; April, 9.97c: May, 10.090. :—Dnll and unchanged: receipts. 12.000 bris. Wheat quiet; recelpta. 39,070 bu: ungraded sprag. 88%GYIc: No. 3 sprinz, $9@91e: No. 2 wpring, No. 3 do, SL. 0352 1 do. §1.1 . S1.0M2L] No. 2 do, o, $1.06}4@1.0 extra g0 (sale 2 W arley quiet snd unchaneed. active: receipts. 12,000 bus nngraded. 488 4sc: 41@ H%c: stenmer. 40M@HC: No. 2. 4TKEATHC. Oats duli_and unchanged: receipts, 9,500 bu; mixed Western, 2vailc: white, 3IK@EHC. v TIAY—Firm at 40@45¢. Tlors—Quiet, hut steady. Grocerles—Colfee active and firm:. Rio. 102144e. Sugar In fair demand: falr to good refinlnz, 6463z Molasses quiet and unchanged. Rice quiet but steatr. P :m.icx—gum:unhed. 96%4@o8}4e; crude, XS M let but steadys 636@6 11-16c, ull ot $1.35@1.3734, TURPRNTINE—Firm at 27% Eaus—Steady; Western, 205@27c. LeaTitzr—Sicady: hemlock sole. Buenns Ayres. and t, middle, and heavy welghts, 202 domestle Heece, “8@1c; pulled, 178 e, bt e s5¢: unwashed, . PROVISIONS—Pork firmer: mess, S7.03. Beef and unchanged. Cut meats firm and anchanged. firmer: prime steam. BUTTER—Nominally ntichanged. Cuxesg—Dull and unchanged. W Flrmer at §1.13. tron dull; anafactured copper. 16c. sheeting, c; Ameriean, 15@17¢; Piz- Russia. 10a@INYC, L Htorseshoe. No. &, €2.10@215; clinch, 5425 ~ G55 Cr=ciNsaTL, 0., Dec. 28.—The National Ex- ccutive Committee of the Socialistic Lafor ' oarty to-day issued an address to the sections and the working people generally, calling for THE SOCIALISTS. - the simultaneous holdinz of public meetides in all parts of the country on the 1Sth of January for the purpose of condemning the action of the German Government fn suppressing the free- dom of speech aud of the press. ———— Colonization of the Canadian Northwest. Cnrrespondence New York World. OtTAwa, Ont, Dec :20.—A stupendous scheme for the -colonizatiou of the Northwest and the establishment of &n ocean roate for trade purposes “between Europe and the Saskatchewan “Valley via Hudson'’s Straits, has_just been submitted to the Government by Survevor-Gegeral Dennis. Thereport shows the feasibility of ruuning a line of steamers be- . tween Liverpool and Hudson's Bay in_the montas of July, Aogust, and September. York TFactory, the chief post on Hudson’s Say, is nearer Liverpool than New York, the distances being as follows: York Factory to Liverpool via Hudsoa’s Strait and Cape Farewell, the southern puint of Greenland, 2,75 miles; New - York. to Liverpool vis Cape liace and Torv ¢ 1sland, 2,957 miles; via Cace Race and Cape Clear, 3,029 miles. York Factory J is at the mouth of the Nelson - River, | and it 1s proposed to build a railrond thence to Prince Albert, on toe Saskatchewan, to con- nect with the Canada Pacific, a distauce of 400 miles. This -would brine the Saskatchewan Valley as near to tide-water as Untarid i5to Quebec. For 200 years Hudson's Bay Company’s sailing ships have traded be- tween York Factory and Scotland. The Straits and Bay are clear of ice carly in July, closing again ot the end of September. Liznite cosl is founa in abundance at Davis Strait, aod 2 coaling station for the projected steamship line The Saskitchewan tide-water at could be establisned th%. Sasks country contains X acres, ) square miles, of available agricultaral Jand. It i3 waterec by the Saskatchewan, Beaver, Peace, and Athabasca Rivers and innumersbie smalicr streams, and it s believed to be toe best wheat- growmg rexion on the Continent. - Wheat of the fipest quality grows at Fort Prosi- dence, on Great Slave Lake, on the fl{:yelzm_.‘l parallel, the extreme northern poiat of this vast territory. Col. Dennis also points out that tbis scheme would lead to the derelopment of the Hudson Bay fisheries and to the cnormous it~ erics extending from the heizht of lad porth- ward to James and Hudson’s Bay. He recom- mends that a steam vessel be fitted oud _d_um).{ the coming sezson to test the practicability o the scheme. —_———— The Paris Exhibition Buildings. Continental Gazette. - It is announced, on what appears to be_good authority, that -nearly the whole of the Exhi- bition Palace on the Champ de Mars is to be preserved and devoted partly to the parpases al 2 national museum and parily to the storin® ul war material. Ouly the pavilion of the City of Paris will be demoiished, and the central spac2 situated between the Frenc: and foreign sec tions on one side and_between the porticos of " the fie arts on the other will be converted into o magnilicent garden. By tis scheme, which 13 said to be approved by the )finl:ll.cr&, I:.‘méfl‘?' ties for Paris, cud_the general an A Councillors, the Street of Nations, ooe of U i most attractive featurcs of the Exmmmmgn 1378, will be preserved. For this purpose the forelgn Governments scemed disposcd to band, over the_ property in their materisls 0 xhe Freneh Government. Covered . streets il be. built to put into communication the two n.-n}fl e quarters of the Chamo de Mars, Gros Call 3:; : and Grenelle. ' For convenience of admibis tion. the palace will be put under the uns«lk; tion of the Minister of War and the Minister O Nericulture and Commerce. The finc art ek “leries will beused as a museum of the decorative - arts. One adyantage meztioned in mnflml‘;: with the project ‘of maintaininZ the prtS: i build:ug intact is, that, in the event of anothe! 4 uaiversal exhbibition, little expense would be r; quired to restore tbe edifice to the condition ¢ which it lately stood. R Tk OBl PER NEIW YORK STOCKS bousht and sold on ONE CENT MAKGIN. tn lots of ten sharcs aad up! Graln and Provislons bouzht and fold. Contract closea out un'll margin 13 exhavstcd. e 5 W. L. COMINGS, F. S \VODPD Manager. Asi't Mans3€ 15208