Chicago Daily Tribune Newspaper, January 30, 1879, Page 12

#he ndjournment of the Court as possible, e 1hongnt er _was one on which bankers nnd attorneys could denend, hut he had heard hat fact questioned. [lLaughter.] Referring to the Dulletin of April 7, 1574, be found the order, No, 1,985, for the rale of these claims at publle auétion and the delivery of Scherer & Harwitz's notes to Mentzel. 'There was no rec- ord for that day of an order entered that day reearding the private aale of the Hesing notes. Its omissfon in his papcr that day, if there was such an order entered, might be accounted for by his leasing before [t was cutered, which he might have done, although he endeavored to #lav as long a& poesible, b o'clock being the isual time for closinm, Col, Cooper asked the witness to turn to April 16 and sec if there was any order entered directing the Assignee to make asale of the motes aml stock belouging to Tlesing. The wit- ees looked At the Buetin of that day, anid ealil hie had no order {n regard to the termanda for that date. In the fssue of the 2Uth, however, there avpeared an order confrming the Assizo- ec’s report und onlering the eale of the nofes, e did not remember having seen un order with referenco to the sale of tl otes and stock prior to the 20th, Uccasivnally, when pressed or time, he did not take ali uf an order, but gave a portion und closed his report with an *ete” This was not the case In thia instance, Jle had al) that there nas of any orders entered April T H there had been any entry to sel 1hose notes and stock ab privaie rale on that day, he shonld have published §t,—if it was on the minute-book. Mr. Lapham nsked the witness as to the . ©ther orders entered on the minute-book that sday, amd the witness stated, as the athers had, 1t he zot those three which precede the Ger- munia order. 1l aiso stated that it was his habig to foux buck the next day to ree if there was anytbing entered up after he had Jeft the previous ovening, Asa rule, he publisied ail the orders, without regard to thelr releyancy or otherwtac, Mr. Goudy nsked Mr. Stevens if he collected his information during this time himsell, and ~the witness replicd that he did, ¢ 1 PTETSCH. Mr. Charles F. Pietseh, Secretary of the t8taats-Zetung Company, wos the next witness, e testifled that hie had been Secretary of the Company since July 1, 1967, and had attended -toits flnancial business and kept the books. At the time of the fire the capiial stock was n “trifle over £102,009,—8104,000 or $106,000. Ile knew of these 170 shares which belonged to Mr, Ilesiug after they were fssued, At the thne of the fssne the cajital stock was $104,000 or £100,00¢, and these shares represented 15-104 or 19100 of the Company’s entire property. Un the G of May, 1872, the stock was {fucrcased to 1,700 shares, so that {7 per cent were added to these 170 sbares. Thatwould make 13263 shares, amountiug to $20,500. A dividend of 25 per cent on the old number of ehares was declared fu Anell, 18925 one of 5 per cent on the 170,000 In July, 18§25 one of 15 per cent on the BITH000in January, 1375 one of 20 per cent._on the $159,000 in Junuary, 18745 and oneof 15per centin Jaly, These 170 shares were entitled to o dividend for 1872, fn. cluding the dividend for Junuary, 130, of $0,607, _ The dividends on them for 1873 amount- ©d'to $5,380, nnl those tor 1574, uo to April 20, 2,000, the total of nll the dividends on_these 170 sharea for 1852, 18T and 1874, to April 7, 1571, belng about $17.000, ‘The net carn- ings of the Combany fur 1572 were #35,682; for $C0.956. 1w selline wtack of corporations b published newspapers, the method of ar- rvinz ot the value of rtock was, cenerally, to flzure that stock bringhog 15 per cent would e worth pari that s, i1 the' earnings were 15 per cent of its par value, that the stock was worth Tar. Thise 170 shates, amounting to 826,500 par value, were worth, Aprll 20, 1874, 1% cents on the wollar, or, §15,560 Witness did not Enow that Mr, Hlesing had any Judgments en- tered neainst bim ot that time, an on the crossexamination tach, who uppeared on the tu be the owner of the 150 shares of ol the withess replied that they stood in the vamo of A, C. Hesing., The stock was not transferred to the Germanka Insurance Company. In answer to the question as towhd drew the divldends on the stock, the witness re- phied that Mr. Hesfug did, “Did Mr. Vouke, the Assignce of the Ger- manta Insuraiee Comeany, ever draw any divi- dends " ** Yea—at times orior to 1871, Inreply toa question ns to who were the etockhioldery in 1571, witness sald they were A, C, Neshug, Hernann Raster,” Whkam Rapp, Washington Heslng, thoe witness hunsell, 23 Greenetmun, vne or two smaller stocklolders, and Vouke, ir, Goudy Inquired If fome of the stock ;\:uun t hetd ot that time by the Union Nattonal e witness sald ft mfght have been held ns enllateral, but there was ho stock n the bunk's )’l-\{l' ' Nir. Goudy asked who were the oflicers of the coupany wid who managed the paper, nud Jeurned that the thing Iay preity well between the two Hesfugs, Raster, and thé witness, M, A, C. Nesing had, ultogether, 867 shares, Wash. Inzton Healiig 2530, Huster 219, und the Witness 290 ** You had u Jurga majord thent obreeved Mr. toudy * Yes," was the reply. Tn answer to Mr, Goudy’s remaiving ques- «tione, the wituess sald that Mr, Healng drew e dividends as declared upon the 170 shares, ulml there were wo aceumulated dividenda here. On the redlrect, Mr, Cooper asked if there ‘were not dividends uccumulated up to the fth of April, 1574, amounting to ahout §2,000 for 1hose three monthe, ‘The witness veplied that there were, but they never considered that o dividend was a dividend 111l ft was declared. der of the stock would be entltled. July to u dividend of §3,000 for the flrst nonths of the vear. **Were theeo 170 shares that appear to have ‘been suld to Giveencbaum for §5,000 ever trans- Zerred to bit on the books of the Company " “1think not. ‘Fhey didu't keep & trunsfer- Dook at the thne,™ **1u whose name dld it contfnne to stundi " Mr. Goudy, on the re-cross, Juguired how Jong 4t stood fn Hesing’s name, The witness sald be didu't know how lone, Mr. Cutberson kel af Mr, Vocke, the stock- Rglder, nnd Mr. Vake, thy Asslunee, were one and the sane person, und the witness sald they were, In reply to ® question from Mr, Knott, the witnesss sabl that Vocko held stock in the Staals ng Compnuy pow, but that it stood 1u the name of s wite. At the tme referred to —lu 1874—It stuod in bls own name, v of the whole stock, “Ihe hol 1, 1874, J. MEDILT, Mr. Joseph Medill was next calied, and, fn answer to Col. Cuover's questions, stated that Yio was the editor und publlsher of Tz Cuge ©a00 Trinuxe, and liad been enguzed o the uewapuper business fn thls city for twenty years. Mr. Medill was then nsked what would be a falr basfs [ estimating the value of news- -paper stock, belog guided by the net eaends of the corperation publishing it. Ile replied that, In the irst pluce, it wonld be necessary to wouslder the carnlies for a serles of yeurs. It would not be safo to estimate a pleee of new, puper property by the earnings of one yeur, for they mlght vary much from the earnings of auother. I they were large In one year, that would not be o safe basts, for the reason that they might b sinull the previous year. In this” respect, us fo every other busi- besy, it would bo necessury to takie the averago uliuu serlvs Of years, polug over us niwny 08 jos- sible. Mr, Medill wus then usked if he knew, fu 1874, anythtuz us to the valus of Steats-Zeit.ang stock, JEG replicd that he coulid not sav hehad ghy very ¢lear iea of (L8 value at that thie, 1t would be ntlucnced gomewhat by the (neambrances, i any, that there wight be on the projert! lo did net remember, sud was not - sure 13 kuew, whut fucunubrance Uiere was o this par- ticular preperty fn Inid, ** Buppose,' asked Cal, Cooper, * that on the ground, which bad cost $20,0%, the butlding sl machioery, which had cost, say, $260,000, in uddition 10 which it had 4 franchise I the Assu- cleted Press, wnd fn the year 1532 it had corned anl declared dividends,—net carnings of ¥30,000.—anel for 1he year ending Dec. 31, 1873, 1t biud earned and declared divhlems of §60,000, und fts whols capital stock was §i79,000, i ‘what would be the value of that stock under thuse clreumatauces, us Lear &3 you cal state $ 1) “Call it par," was the reoly. Mr. tioudy, ou the cross-cxamination, asked A€ it made avy difference fn the value of vews- paver stock us to who the manugers were, * Yes,” replied Mr. Meaull, ** it wakes @ good deal.” [Laugnter.) Bir, (Xaudv‘rut a hypothetical case in which four weu biad & majority of the stock,—one of them the Presideot, oue the sow of the Prest- Cent and the wain Director, snother the manag- iz editor, and 1he fourth the Secretary und oue ot the munagers,—und usked what the stock of e others would be worth—Lhose who wero not part of the four meu who hud x majority of thie stock eud occupicd thoer positions, That would be governud 8 zood deal,” sald Mr. Medlil, by wuat zalarics they were votiug o theuvelves.” |Laugbter.] * AMr. Goudy ssked 1 the otock of the winority a case wonld have market valu Med(ll replied that 1t would if the: were earnings’ to show a profit over and shove all expenses. Tn this partienlar case be would have to answer generally that the stock would be saluable In propertion to the dividends paid after faking out all expenses nud salaries, as compared with the number of shares of stock. Mr. Goudy nsked him it he would buy sny such stack, and Mr, Medill raid e wontd. “ How much would you give for It on the dollari” *If T had falth in the men,—thought fhat they were fafr and honest men, and that they ‘were mlnlflillt1hel\mluvurrullcnlly.—-l woulil give, in that case, as I would in any vther stock mm’rnny the [air value cowpared” with the net prefies of the concern, whatever they might " “'Suprose vou didn't have faith in the men managing It “ [ would givea Icss sum for the stock.” [Langhter.| * Waulhi yout give anything i *If they were very Wishonest men, if they were making no dividemis, nnd if they were pocketinz atl the carnings, T woull give noth- ing until I qot rid of them,” ‘ol Cooper—The futerest of a minority of #ockholders fu a_newspuper corporation sre just the satne, are they uot, where the inajority manawe {t honestly aud declare dividends, astlie iuterests of the majority of the stock | “Tt all turns on the question of what the Aividends are,” A. L. PATTERSON. A, L. Tatterson. business mausger of the Times, was sworn, Tle had been so eugaged for elght vears, but was not pdrticularly informed’| 88 to the value of newepaper proverty in Chi- cago, excepting the Zimes ‘The value of the stuck of & newspaper would be based on the net earuings, From the question of Mr. Cooper, embadying the value of the Staats-Zeitung prop- erty, the earnings, ote. (the one asked the pre- ceding witnessce, with the ndditfon that there was an incumbrance of $100,000 on the bulkl- o wnd ground), e considered ita stock worth var, i In reply to Mr, Lapham, witness sald he had no knowledge of the value of the Staats-Zeitung property or stotk in 1674, ‘To questiuns of Mr. Knott, ha answered that the Staats-Zeituny Company was_eniaged In publishine a wewspaper in the German lan- mitage, nnd it was considered as uu influential paver, with an extensive cireulation among the Germane. f‘).—l)ernud to news, or a political paper? A, =—That I can’t tell you. [ should eay a general newaoaper. Witness had o vecsonal knowledge of its clreulation, On cross-examination, he sald he never had anything to do with a corporstion, and he had sio personnl knowledge as to the value of the stock of o newspaper where the uewsuaper tvas a corporation. “The Zimes was owned by an indlvidual, fn whose employ he was, WILLIAM BROSS, Willlam Bross, Presidest of Tiix Tainusa Company, was aworn, and’ testified that he was uot acyuainted with the financlal ctferacter of the Staats-Zeitung Company, but tha standing of the corporation was good 8o far ns he knew ; the Staata-Zeitung was o good paper, and was reported to have the largest circulation among the dernans of any paper in the Northwest, From the flgures given by Mr. Cooper, he should say the stock wus tvorth par, e didn't know the valte of the franchlse of the Assoclated Press. It was valuable to an English paper. Ile aboull not say that it was worth over $50,000 to n morning paper, Ile doubted whether it was worth $25,000. On cross-cxamination, lo stated that the J'ost’s franchise and materlal wera sold for 816,- 000, tie hat no knowledge of the value of the stock of the Staats-Zeitung 1n 1874,—only in a general way. He lad no more information about the paper thou any cltizen. As to the rlehts conferred by the Associated Press fran- chise, n number ‘of papers had clubbed to- gether and recetved dispatehies from the West- e Union Telegraoh Company st a discount, because they received so many, ‘These papers together owned the franchise, and wonld not permit another paper to enjoy 1t. A uew paper woutld have to get its dispatches from some _ other sourve. Mr. Culbierson—For liow longi Witness—We think we own it perpetually. [Langhter.] Mr. Laotium—Whether Edison beats or not? Witness—Whetner hie beats or not, To Mr. Culherson witness sald he wouldn't 1lke to auswer definitely na to the value of this exclusive right. 1lo referred to the Post’s salo uealit, saving he dido’t know how much of the 816,000 covered the franchise, and how much the materinl, 2 In reply to Mr. Cooper, witness sald the Post was cu atternoon paper, which was not as val- uable na o morning paper. In J. GAGE, Cashler of the First National Bank, was sworn, His bavk bad never hold any Staals-Zeituny stock ny collateral to his knowledge, If it had, the bouks would not show the fact. 111s recols lection wos to the contrary, but he might be mistaken In a case or two, Mr. Couver had been misiaformed, und ho excused My, Gage. C. T WOEELER, C. 1. Wheeler, President of the Union Na- tlonal Bank, hud o knowledgo of nny money having been loaned by 1t on Staats-Zeituny stock, But the bank bud taken 400 shares s collateral, after o debt had been contracted. llesing owed the bank between 325,000 aud $50,000, und the stock was taken a8 sccurity so fur ua it would go. ‘Fhe debt was represented by a note sizned by A. €, Tesing und Lis sou. Witness could not tell the date of its contraction, but knew of it three years oge. He wus not In the bauk when the debt was contracted, On cross-cxamination, be ssld he thought thers was w0 othier coflateral with the note, ‘The sceurity was taken whils Mr. Coolbaugh was Presdent, The stock was {u Heslug's wame, indorsed o blanke It had wot been transferred to the bank, but to one of its cm- ployes, und stood uow i bis name. ‘Tho trans- fer wus made about three months ago, An effort bad been mado to sell ft, but no pui chuser wud found at o satistuctory price. 'Iho 400 shares were taken as u purtial settlement of the debt, credit Leing given for $15,000. The best offer recetved for the stock wus 25 cents on the dollar, e did not know Ky valuu Iu the spring of 1874, Hu had noever heard thut there was a market vatue for b, Ot trect, withess stated that the srock of the C ny Dow was $300,000, atnt he sup. used the 400 shures were a purt of We lasue of 100,000, —ut leuss he so regurded lt, VOCKE, Mr. Cooper then arose und sald the nest wit- ness fn the order of vrouf was Mr, William Votke, who was afck, 1o deslred to exwmino L, und, thierefore, asked that thy Comities adjours uutll this morning, Alr, Uoudy hoped, 1t Mr. Vocks conld not be preaent then, thut steps would be tuken to se- curo his depusition. Mr, Cooper suld he was able to:sit up, but bls physlelan thought it dangerous for bim to go out fu the alr, - Ar, Knott sald that if the witness' testimony coulil be gotten by golug to nis houe, the Coii- nnllulca would vertulnly o thut rather thun bave adelay. Counrel wera asked {f they desired to recall nu{ of the wituesses who had ‘been examined. Mr. Cooper replied Uit bie wishied to recall ouly one, Mr. Pletzsch, and hitn as Lo matter Which he had owftied. Mr. Gioudy answered that e wmilght want to recall twa or three, but did not ask that they be licld under the sumwons, sluce they could be reached at auy tine, All the wlinesves except Mr. Pletzsch were thereupon discharged, Aud ut 4320 p. i, the Committes wdjourn uutll Lol pat B tlis horsime e Mdioured CLEVELAND, U., Jul —1The Beott-Babbitt- vuss scandul, which shook Cleveland consider- ubly threo or four vears ugo, broke out again to-day, 1n March, 187, Dr."Xenophon C. Scott, u skHIful eye aud ear doctar of this clty, wi arrested and bound over to the Common Pless Court ou the chargs of bastardy, proferred uzatust nim by Etima Buubitt, an’ Buglish giel who had recently vome to the city from ucross the ovean. The girl wus bucl -() by I. W, Cross und . L. Cross, father und son, men who had moved iy the beat Clevelaud ciccles, us had Ur. Scott, ‘Tl cass wes contin- ued from thae to time, tiil last July, when it was dismisscd at the cost of the vlaiatilf, At Babbitt, who had fled to9England, leaviug written statement that Dr, Scott was not the fatber of ber child, bus that I, L. Cross was, und that the whole procesdivg was the resuit of 8 consplracy betwueen berselt und the Crosses to swear the chilld on thu Doctor, und thereby get money (rot him. Dr. Scott now brivgs suit ugzaingt the sirl and the two Crosses for §25,4 alleglug that the bastardy prww-unfil {njure: bis character und practice greatly whthi the put- 1ivy driving many of bis vuluable patients und sequatbtauces from bim, und that be by vow slunned uud subject Lo short anywers because Of the uotoricty uf Wig acundal- THE CHICAGO TRIBUNE: TIIURSDAY, JANUARY 30 FIL CE AND TRAD FouriPer Centain Active Demand Again --Foreign Exchange. Board of Trade Borrowing---The Stock Market, The Produce Markots Fairly Active, and Average Stronger. Previsions in Good Remand-..Hogs High- er—--Wheat EFirm. FINANCIAL. The 4 per ceats were agalu in active demand, Transactions were large. In the other descrip- tiona of Guvernments there was grent duliness. The fluctuations of prices were not wide, The ©s of 1851 remajoed st 10634: the 5208 of 186 advanced 1, to 101342 the 65-20s of 1503 were un- changed at 102: sl the 10-10s at 1044, The new bs of 1531 advanced ¢, to 1058(; and the 4148 14, 1010534 The ruling price of the 4 pé; cents went up 14, to 1003, . The Secretary of the Treasury has been critl- cls=d for the new scale of comuissions on sales of 4 per cents. In defense Sceretary Shermnan writes to President Thompson, of the Chase National Bank, o letter which contains somnc interesting poluts: The chief reanon for the new scale wan to necure the Active co-operation of the banks and bankers of the Unlted Statea in the snle of the bonds and to excite, If possible, spirit of rivalry among them s to the kmount_of sales. While the name commisaion was offered to all,—205 centa on $100, thero was no Inducement 10’ any one o enter 1pon the business of buying bonds 10 scll again ex- cet the facility extended by the Jaw to Natlona) banka during tho ‘tunning of the call, and this, as yoit know, was hazardous to the banka while the Drice of gold enin was fluctuating, Under the ol reale of comminslons we got less than 100 ont of the 2,000 Lanke to engage in tho salc of vonds, Hecretary Sherman says his bellef that a gradu- ated seale of commisstons would excite com- putition oud 8o hnsten the converslon of 5-20s lins been Justified by the event. ‘The number of depomtory banks engzaged in these sales fncreased and "ia daily Increas tional and State hauks and bank are alding in thia pood work through depository banke, Reveral of the leading b of New York, inclnding the Chase National, are handromely com- poting with the First National, and nlrvady have made very Iarge nabscrlpti nd will no” donbt within tho six wonths exceed the wminximua of $10.000,000. ''he indlvidual eubscriber does not complain, for the competition sccnreid aircady glven bl tne full benenit of the largest commiveion al- lowed. ‘I'he three montha prescribed by law for converslon gises smole tiuie for buying up or re- deenitog tha called buuds, Prestdont Thompaon, in his reply sava: Frofh your standpolnt 1t 14 uroper that yon should exult aver the enormous subseriptions obtalned doring the st two weeks after fhe re Pardon me for expecting (hat this apn. traordinary Aucccss will in & few months bu pro- nonunced & misfortunc. My Afty yenes of obsery: tion 1n this fins, Redlam {Illllflll me In looklng donbtingly on thisoverdofug I fear of & good thing, ‘I'ie demund for grold fa mercly nominal. The price remalns at 1004( in greenbacke. ‘There was onty a small supply of commercial and grain bills offered tn the forelgn exchange markot, Sterlloe grain bills were 4823, French bills were firmer at 5213, The actual rates for sterling were 485 and 488, and the posted rates 4853 and 4833, Bankers' ollls on Parls were 5193 and B10X: Antwerp, 620 und 617243 com- merclal, b233{; Relchmark, 03; commercial, 0134 ; rullders on olland, 4014 und 40)¢; com- ‘mercial, 803{. Consols were sgaln weaker, opening st 05 16-18, and receding to 95 18-16, ‘Fhe Bank of England loit $250,000 in buillon. Silver was quoted at 603¢ ponce per ounce. Discounts were not active at the Chicago banks. The Board of Trade borrowers were making applications for Joans for the scttle- menta of the firat of the month, Currency re- celps and shipments were Hgnt, and the o from the {nterlor for remittances of New York exchange were moderute. Bank cleanngs were $2,700,000." Stocks recovered a good deal of the ground Tost fn the ruid of Tuesday, ‘The closing- prie were In almost all cases the highest of the day, ‘There were boavy purchases at the opening to take adyantags of the low prives, Although the price of coal at the auctlou sale went down 200r 25 cents a ton, the coal stocks shared to the full the recovery of the rest of the Hat. Jay Gontd was reported uweller of 8t. Punl, <At the closo the market was strong, und an advauce scemed tnuch more likoly than a decline, What- ever course prives may take, It 1s safe to say the feverlsh excltement uud uctivity of tho lust two days canuot last. It will wear itself out. A comparieon of the lowest prices of Tuesday with the close yesterday shows again of 1 for New York Central, to 116 23¢ for Michigan Ceutral, to 883{5 2% for Lake 8hore, 1o 733(; Northwe ern common 2, to B3; the preferved 25, to 64 Bt. Paol 13, to 443 tho preferred 8%, to 813¢; Rock Istuml 13¢, 012334 llinofs Central 13¢, to 83343 Burlington & Qulney 3, to 1103¢; Erle 136, to 20; Wabash 2, to 2% C., C., U, &1, 3410 47; 8t. Joo conimon 3, to 155 Delawars & Hudsou 2, to 43: Lackawuanna 234, to 52%; Jersoy Central 43¢, to 433{: Westeru Unlon 434 to 1013¢; Atlantfe & Pacltie 15, to 473(; Canada Southern 4,to88. 'The retoronte In yesterday’s paperto a fallureon Clark strent, {n consequence of the break In utbeks, was {n- accurato as to the locality, The fallure referred to did not occur on Clark street. Nortuwest gold’ bonds wore 10034, 8t. Paul sinkiug funds 103, Alton 6 per cents, gold, 104. Rallroad bonds,in New York on sfonday, were in brisk dewand at aavanciue prices. 'Tho fine provement ranged from X to 834 per cent, the latter iu Toledo & Wabash consolidated convert- 1ble, ex-coupon,fwhich sold up tos, Do. seconds rose to i), snd Bt. Louis Divislon, ex- matured coupon, to 03¢, 8t Paul I. & D, Ex- tension, advanced to 1W0136; do, consollduted Sinking funds, t010334; do, L& D, Divialon, 1045 Denver & Rlo Grando firsts to 01)¢; New Jer- sey Central adjustment, to 03; do, cone solldated tirsts, assented, to81; do convertible assented to 80)¢; Morrls & Easex 73 of 1571 to 105; Hanulbal & 8t. Joscph couvertililo to 10733 Erio thirds to 11033 Ohio & Misstssippl secondsto 87 Kansas Pacitle 7s, Denver Division, with coupon certificates, to 803(; doty, J. & D, of 1506, with coupon certificates, to 100; Mis- sourl, Kansas & Texas seconds to 185 do con- soliduted ussented to 503¢; New York elevated firsts t0 1005 ; Motropolitun Elevated firsty to 933¢; C., Coy Co & L. firats to 1143¢5 und Burling. ton, Cedar Rapids & Nortbern firsts to 71; Erle & Wilkesbarre cousolidat®d assented de- clined to 45, und C., C, & 1 C. firsts to 60, ‘The Boston .{dvertiser says editorfally of the speculation ju stocks: “ Wo know of semo cases of stocls and bonds sharing | the genvral mdvance whully without reasou, wind two Westorn ruilroads wiilch uro esrning loes, olther gross or ne durlug the cnm-.fiumflnu time last yeal thelr ulures and their bonds—on neit! iuluterest pald—bave advanced mates ‘Fhe 1des voems 0 be, a3 e en, But they are hose who buy freely with the expectation of realiziug fortuncy by the advance i the price of securitiva will bo c in place when the collapsy In worthless sccurliics comes, as it must, The “dat" dividend on Western Union ugain makes fts appesranee, Leading Directors are uow reported {n favor of ity winl the carnings of the Compuuy are sald to warrant an 8 per cent dividend on the whole capital atock, The net carnioge of the Company last yesr were over 103§ per cent, ul the busluess so far this year 14 cousiderably ahead of last year. ‘The Junuary earuings, partly cstimated, show an increase of $30,000 over lust yeur, which was also a lurge woutb, ‘Ihe followiug were the fuctuations of the' active stocks for the day: Hoc) Opening. Highest. Lowew. Clnsing, N Y- Contral.. o 116% - 118 Aiak TR0 Mich| hnttllll’fll, 87 ['S) BEY me 1l COEN Weatera.. 605 &y DO prefurred. - 8413 P . & bt P'sul 41 413y Do preferred. Bl 81 . R.1L.& Puclde . 129 16 Diiiuia Contrat .. 5015 05 WBIO—TWELVE PAGES. 1015 o0 [543 L h% N By LY referred,,.... . e #COIN QUOTATIONS, The followlng are the auotations in currency in this market of coins, bought and sold: Asked, ‘Trade doliars, New (4125 grain: 4,70 15,60 1 Siaht, 4881, 174 £17% 3 LOCAL BECUMITIES, Chicago 7 per cent bonds (long).. Chicago 7 per cent rewerage (long) Chicago 7 pereent waterloan(long) Chicago 0 per cents, long, .. ly (Weat Slde), - 171 Clty Ratlway (Notth Side). ex, div. 119 Clty itallway (North Div.) 7 per cent bond Craders’ | West Park bunds, *and interest, BY TELEURAPII. NEW YONK. To the Weatern Assoclated Prezs. New Yonk, Jan, 29.—Uoyeruments wereactive and tirm. Rallroad Londs were strong and higher, State securitles were dull. ‘The stock inarket to-day was active and strong, withan advance in prices ranglug from 164, both Investment and specnlative shares particl- pating In the upward movement. After mid- day coal stocks declined (2%, on the low vrices realized for coal ut the nuction sale of the Delaware, Lackawanna & Western Company, and the general Nat fell off 1{@1. During the afternoon thero was an active buying inovement, which continued to thy close, when the highest quotations of the day were current, A proml- nent feature was an advauce in Western Union to 101%, orwithin n fraction of the highest point cver reached. Thé greatest activity was io Erle, Delaware, Lackawanna & Western, Luake Shore, Nortbwestern, 8t Paul, Western Unlon, and New Jersay Central, ‘I'ie Graphic's exolanation of vesterday’s sudden break Iu the market says: ' The ouly concluslon [to be reached s, thut the prominent bull operstors, fully uwars of the dangerous condition of'{lie market, had been for o number of davs quistly enzaged In unloading enough of thelr holdings to put them in 8 position of safety n eadd of o break, All this was very qulctly and carptully done, and probably without communicating thelr fnten- tions to their lmmediate fullowers, The pur- chuses of heavy operators sedm to have cons tinued to-day, und speculation uppears to bave been agaln in the direction of hlzber prices, with the market Ina safer positiop than before, and fora stlll higher rise, Notwithstandiog all this, there s no doubt that o great deal that is fictitlousexists in the present speculation, Some of the better clusaes of sccurities are undoubt- cdly worth all they are eelling at, conslderlog the revolution that has begn created In the in- tereat rute, but very mauny of the speculative stocks bmve Dbeen mdvaicod to o figure at which no prudent mun should purchase.” Transgctions were 870,000 shares, 53,000 Erle counnon, 2,600 preferrcd, 51,000 Lackawanna, 53,000 Lakue Shore, 23,000 North- weatern cominon, 25,000 vr‘ufurmd. 47,000 8t. Paul commnion, $,000 preferred, 30,000 Wostern U‘l'ull‘l? 5,000 New dersey-Central, 11,000 Wa- ust, 8,700 Michigun Contral, 5,800 Morrls & Enscx, 5,700 Missourl, Kansus & Toxus, 5,500 Ohlos, 8,500 8t. Louls, Kausas City & Northern, 2800 J11inots Central, 3,000 88, Josephs, 1,500 Pittsbure, 160 New York Central, 1,500 Hock Intand, 1200 Atlantlc & Pacltic Teiegraph, 1,200 Cleveland, Colunibus, Cincfunat! & Indianapo- His, 1,000 Delaware & Hudson. 3,000 Canada Bouthern, and 1,200 Chicaza & Alton. Money hctive it 34(ad, closhis at 8, Primo mereanttic paper, 34005, Bterling zxcxh ;,M bunkers' bills, steady at 1855 wight exehunze on New York, 193, oI . 1054 K Welly, Vargo & Co, #71gjTerre flauto ., o American Express, 48 |Terre luute, pfd., B, E: 43t5iChicago & Alton.. iChicaga & Ait'n, pi 233 Ohio & Mixaiwaippl 305 D W Hhuols Central,., € & Plttaburg, .0 Northweater.,.. ., Northwestern, prd. 8o, STATE RO: g Virgilua Gs, new... 20 :]) lhllnmll'll. - 100 Tennessee fla, olil ‘Tennosser U3, now, Virgmla ts, vid... YOLBION, LoxvoN, Jan. 20—5 p. m.—Consols, 95 15-18. Amerlean ~ Securities—Iltinols Contral, 8341 vania Central, 45%; Reading, 1844 Erie, 2544; preferred, 474, United States Bouds—'0¢s, 1033¢; 1040, 107} new 8s, 100355 4443, 100, 2. 1191 3ue, Pamis, Jun, 20.—Rentes REAL ESTATE, The following instruments were Hled for rece ord Weduesduy, Jau. 29; CIEY PROPEUTY. B1K fn of av, w f, 23 fated May 28, 1678 (Alburi £, cury 1. Nusty. .. 750 Bhetheld o 1t of ‘Cuncord i, hnoroved. Glolin llacker Lo Wi 780 1. 20 1-10 ft v of North Clark b {, I8RO f1, lwproved, datéd Jan 18 (Williau Kiioke to Flura Canwa 4,000 Souths Deurbuen st, 374 11w of ‘Phirty-tral sl W 6y 20xH0 R, iwproved, dated D7, I8 (.0, and O, A, Kiggloto os Martln) .. soseesidnerarenrss By750 Irtoenth st. 23 16 v of Lincoln at, f, 3L 1, dated Jan, O (Puillip ugor ta August laey . 3% Cleaver sl 320 11y of | W f, 2531 L Uated Jan. B 1, Wankolt hskis 10 A; Buckuiang 200 83 ] 2,000 'wenly . sixth ot, w_f.24x100 5t. Improved, dated Jan. 17 (E. W. Murray to Pl Paus), ¥ 700 West Washingtou at, 40 (¢ @ 'of P u £ 443122 (1L dated Oct. 10, 1878 (Unfou Mutual Lite-lnsurance Compauy 1o J, . & 4. L. Howe| L. 4,000 f0UTH OF LIT! MIT, WITHIN A HADIUS OF BEVEN VILES OF TUE COURT-HOLAX. uglestde av,u w corner of Fifty-sizib at 2115 ft, dated J. 0 Ann Abbott, COMMERCIAL, f Latest quotations for January delivery on the leading articles for the Jaat two bustness da; Luesday, 0T Mes pork, Lard... Stoulders, bozed, Short ribs, boxad. Whisky .. Wheat Corn Cattle, . The followinz were tho recelpts and ship- ments of tha leading artfcles of produca in this clity durlng the twenty-four hours ending at 7 o'clock on Wednesday morning and correspond- ing date twelve months avo: W PURNTS T Foultry, iha.0] Gume, bicgn. F ey, pa Withdrawn from store during Tuesday for city consumption : 815 bu wheat, 2,633 bu corn, 1,274 bu oats; 1,509 bu barley, s The following grain wus fuspected Into store in this city yeoterday morning: 2 cars No. 1 red winter wheat, 1car No. 2do,1car mixed, G curs No. 2 hard, 1 car No. 1 spring, 60 cars No. 2 do, 41 cars No. 3 do, 19 ears rejected (142 wheat); Tear Mo, 1 corn, 30 cars high mixed, 11 cars uew de, 13 cars new mixed, 43 cars No.2com, 11 cars iejected (109 corn); 8 cars: white ogis, 10 cars No, 2 ixed, 4 cars refected (23 oate); 13 cars No, 2 rye, ¥ curs re- Jected, 2cars No. & barley, O ears extra, 1 cor feed (0 barley). Total, 207 cors, or 125,000 but. Inspected out: 17,403 bu wheat, 58,003 bucorn, 200 bu vats, 891 bu rye, 3,074 bu bur- = The condition of the Philadelphia market {s thus parodieatly sketehied by an exchange: A market-houso dorerted Whoso goads are fled, Whiose buyers dend, And sll 1t trade departed, The conditivn of the Californla wheat erop was the sublect of much Inquiry on 'Chango yesterday, Reports from the Pacifle Slope stated that they have not yet had rain cnough to fnsure an average crop. 'The Directora of the San Francisco Produce Exchange furnish the following as the total stocks In that State at the beginning of the cur- rent year, The last columu gives the quantities at San Franclseo and Oaklund wharf, with the quantity afloat there. ‘Ihe last coluion s fn- cluded {o the first; Flovr, brls Wheat, ctls Barley, ctl Oats, cils Cora, €t naeeaes RO Rye, ctla oovieens G ‘The wheat und flour equals almost precisely 10,000,000 b wheat. ‘The offerings of sample graln are just now a Httle in excess of the wants of the trade, owlng to the crowded condltion of the clevators. The consequence I8 that saimple lots do not com- mand such good wrices relutlyely as they used todo. Peoploare looklng around for storuge room, which they cannot tind, ‘Ihe elevators may be partially relfeved by the Joading of ves- sels now that the thaw permits 8 niovement in the river, ‘The leadIng produce marketa were Irregular yesterday, botb fn price and activity, 'The gen- eral feellng wus strong early, but quotations tnpered downward fn the latter part of the ses- slon on provisious mwl wheat. The recelpts were ruther smnller all round o gratw, nnd the abipplog demund was dulled by the scarclty of frelght-room, % Dealers in dry goods reported au unchanged market, Orders'us heretofore were contlued to all quantities, just to * freshen up® stocks. ‘T'he grocery tradu contiunes tmors than usually active for the time of year; and the market dis- vlays & healthy tune. Coffees und suwars were yuoted us firmer than at the beginulug of the week, Most other lines remaliied steady, ‘There was a liberal movement {n deled fruits, cauned goods, und flsh at unchanged prices. Butter wus easy. Cheese was falrly active awd firm, Leather, bagging, tobaceo, and coal were quiet as previonsly quoted, Olls were n bete ter request, and were wenerally tirm, Lard oll advanced 20 Lumber was stendy, and In fajr request. The mild weather Is Injurioe the log ronds fu the lumber reglons, but work {s so far advanced that a full supply of logs ls now slmost sssured, however unfavorablo the remalnder of the wi ter may be, ‘Fhie chief effect weuld bo to in- crease the cost of the Jogs. The sales of broom corn and wood were falr at uni- tormly steady prlces, Sceds wers qulet and unchauged. Tinothy was not so plenty, Tess ol seed belug offered, Green fruits were 1o falr request, oranges and apples helng the favorite varietles, Potatoes were steady, Lieht receipta of poultry wers sgafu noticed, wl full recent prices were ob- tained for anything fresh ond Inviting. Ol stock and game, of whick the supply fa falling off, were slow. Rall freights were quuted at the followiug range; Fourth Dressed Dresed elas. ef, hoys. To Ualtimoro, Pinladelphia.. New York o oston, 40 M0 105 The following Ngures were named for rall aud oceau contract e B LOU Py Darre's, Provistons, Thans. L Grain, Livernool ... UNY L'y T 8lg Gilougow i [ ‘7‘3‘!‘: save fiity MOVEMENT OF WHEAT. The following shows the receluts and ship- ments of wheat at poluts nanied yesterduy: Rtacelred, Shipped, D245 oY, 104 A8, 515 + 100,000 Chicago, IN NEW YORK YRSTRRDAY, Recxiprs—Flour, 17,140 brle; wheat, 103,000 bit; corn, U0,045 bu; oats, 11,827 bu; corn-mea), 819 pkga; rye, 1,050 bu; barley, 9,900 bu; mult, 2,008 bu; pork, 55 brls; beel, 8,630 tes; cut :ul-nu, 8,805 pks; lurd, 4,632 tes; whisky, 1,863 rls. ExpPorts—For 84 hours—Flour, 11,000 bris; wheat, 17,000 bu; corn, 74,000 buj oats, 1,000 bu, King & Co., uf Toledo, say: ‘The tuture of wheat, particalarly for the spring months, 80 greaily depends upon the appesrance of 1he gtuwiug crop, that it appuare 10 Us prenis- ture and unvwise W a1tetubL 10 loreshadow th ket for April and Ma 'he spvearance of the wluter wheut {n the Middle Siat ust L sd- willted, Is uot very eatiafacjor: utuuu was too dry lor & vigorous growiti, many places it did Bot take root sativfuctori} & sickly sppearance, but timely’ wpriuz ratas niy change the pruspect waterially. Our advices fron Califorute sre not so favorsbla for their o dut uo opluion be ulvlfll ed o regurd to it thus early, Fatmers there bold more than ball their last crop, tbe prices bid theia not boing vauis- factory, many of them piactng 1t In warehouse, bopiug'for bettee prices. TLe stock of wheat 1 Luudou ta conalderavly leas tuan Jast year. sud the aaliy 1o trae of wany other purta, Buf fur the largs ad the plaut has UARtity naw afoat for tho Unitec Kingdom, the tuation would be manch atronger, GOODA RECEIVED At the Port of Chicago Jan. 20: Fleld, Lelter & Co., 15cascs hoslery: William A. Olmsted, 1 case maps; Louls Boerlln, 1 case optical instro- ments; Stettauer Brosy & Co., 1 case dry goods; Carson, Plrie, Scott &’l}u..? packages drygooda: Fowler Bros., 115 sacks sult. Collections, $12,- 251,58, TOARD-OF-TRADE RULES. To the Editor of The Tribune. Cnitcago, Jan, 20.—Impertant questfons and results are involsed fu the propusition this day to be voted upon by the members of the Boary of Trade, An attempt is to be made to force commission merchants to employ brokers to executo orders which the commission merchants may not personally be able to attend to on *Change. To accomplish tbis, it is proposed to prevent any and every firms from being repre- sented on 'Changa by & clerk in any capacity ex- cept heis n member of the Board, and who mus3, in compliance with the rules, be 21 years of age, nnd must have pald the cost of adls- sion, all the way from o 81,000 It “is & well-known fact that to do business successfully In the varlons ar- dealt fo on 'Change it s slmost cascutial that a firm "have a_ represéntative at he same moment in the differcut localitics In the Exchange rooms, where flour, provisions, and the several kinds of graln are traded In, To adapt a rule that will impose upon grain- recelvers and othiers the necessity of employing n broker Instead of o trustworthy clerk, who, when not engaced on 'Change, can do other busincss to nssist in exceuting orders in making transactions on Change, will prove a severs hardship, nnd one that onght not to ba enforcad or borne, And, agnm, to adopt a rule that will debar a member when slck—or for atlicr reasons he is obliged to be sbsent from 'Chanze—from belng represented by bis confidentlal clerk, who miay not happen to be a member of the Board, would be an ontrageous wrong. In other cities and on other Bxchanges such a rule asis pro- bosed may not work harshlv, but here, where business is done so differently from eleewhere, such o rule would be manifestly unjust, unwise, and unsatlsfactory. If more roam_ls needed on "Chauge, scttiing boys wha can rhe the trades outside should bo excluded from Exchanze rooms. Thiacan be accomplished withont adoptinig the lxranos("un to Le vdted on to-day, nnd which, I widespread aml aweeplng in evil effects. after suttling adopted, may prove ]l'o oys are excluded from the rooms, o Is necded, hen let the Bosrd tiake proper urraugements for the abandonment of their raoms In {lie Chnmber of Commerce und the oeeupaney of nore necessiblo and commodi- ous quarters. The Bowrd of Trade shonld be cautious and not put obstacles in the way of exneditions and fuexpensive modes of dolng “slness, Its alin should bo to Inercase the fuilitics of members and lesseu their expepscs for doing busiuess, Meupzit, PROVISIONS HOG PRODUCTS~—Wero mors act and aver- aged atronger, though tho latest prices were belaw those of Tucaduy at 1 o'clock. 1logs were reported stronger, with only = mederate wupply, while Liv- .erponl reported an advance of 3d In lard and Gd in lonzclears, But the recelpts of stuft were quite large, and homo packers offared product very frecly, which cansed n later weakening. ‘The mar- ket was, however, steadler than lnst week, with a fair demand dusfug the greater part of the day, and th aflernoon feeling was quite strong, Muss Ponk—Advauced 16¢ per brl, and declined at tho close to fic above the Iatest prices of Tues- day. Tho trading was almost entirely In futures, Sales were reported of 150 bris spot at $9, 4,600 bris seller February at $0.35@0, brisseller Merch at $0,49%@0, Lrin seller Apnl at $0,6520,07!5, Total, briw, ‘The murket closed casy at abont & 7,00 for olit spol, 81,26 for new spot or seller dunuary, $0 Ai.30° for February, $9.40 0,424 for Marcks, and $9.524@0, or April. Prime mess pork was quoted ut $8.50%8,75 and extra orinie at $7. 0027, 50, “ Lianu— Advanced 1ic per 100 1bs, and closed 7iic above the Iatest prices of Toesday, The oarly de- mand was very good, but _the lster murket g ales Sales were reported of 1,000 tes spot at 81, 2,250 tea seller Fobruary at 80, 2754 10,700 tce seller Mareh ot 4 H95@0.45: and oller April at 38,4246 0.53. Total, ‘Tirumarket closed nteady at $0, 95 3 for cash or seiler Jun ‘ebruary, 806,53753@0.40 » 743@0. 50 woller Aprll, ern aualn atronger, jer 100 1ha cur T $0.275@ 0,500 or March, and advancine 107 but eared off ulterwards in Sules wore repol i), 4744 weller 00 T Aprliy 550 Apats grevn o ot $1,20: 100 bozes Cumberlands at 1,030 boxed long and ahort elears at 84,00 No. 2 cla 424, Fo 44c*Tor next month, Ana. 344y, hbaTsreported of 4,400 bu No: 7M. B W c; 3,900 hu by sa fie of i A5, Ty300 b o aAmDIE At 406242 o iy 0 BAUTLEY—Wae mora active fally e hlgher, broneht In orders, wol an The decline o AL and the inarf and advanced under & paod |nv;n‘|‘r‘rx "‘!'m, fetings, Heller February aold st cloaed at Kitie, No, 2 opened at llll i‘HE. Extra I rold at 471, Uo. s, outsido for freah, and 476 was >t D. & In the Galena, - Winter receipta of X o c, Extra “elm Fehruary, openeq 'y and clored at 43¢, and March openea vt ¢4, 3¢ clored at d4Xc. "Samples wors siow, ' (iiicii jrere reported of 1,000 o No. 2 st niguan, e M bu exira 3 At 402B4TLC: 400t No. 5 %R0 y mample 7 taces k) n o, m 38@70c oy 11 3 , tck; Lz b|‘j.|.| do a1 40Tl Tree on Luary. k. i il MORNING CALL. ~ Mess pork—Sales arr, SDABAD. 50 for drky Aprii. " Lard $0,2 4 b 30.325@0.35 for March, and 30 : April, Short-ribe—7500, 000 At §L 1T s bm.uzzma.w for Mareh,and 34, § el on% o;cr,ocx CALY, R =0, it at RO 100,000 Da at $1.40 selfer Narch, U0 At LATRR. \Wheat was fiem ana_%ic bi 5 BONGTATE, and Slosed. st AT B3%@8ul4c, and closed at the fnside, Corn wan e botier. February noid af g 20%c.and March at ST @5, Vot closya nid - May soldat 335G e, and oy 3 Oats closed at 204@20% M;';" el l'(lkr- :fl"fl..’.c for March ang 853 cae DOtk was etronger, Bales 4,500 by ), 671 % ol ml;g:lmfl ;rm sr|Anru and $0,43G9,20 1t ri win firm, Sales waro made of 4,2:1 £0.621¢ for Mey, $6.06020.60; il 41 08 @438 for N, ard 3 Skt ATl 4010 ary. 4 Hhort ribs were firmer, 00,000 Da at 3. o for Apnil, V] Mareh poy Febrasry joig ot bel ’ 40@4,43% for March. 5n5"m§: LAST CALL. Mesn pork s quiat and firm, clost ® 0,57734 for Fabruary, 470050 Rfi&hifi'fi’i $0.024@0, 65 for Abril, ales 500 brin gy gk seflor Navch and $0.621, ellerAvri ; Lard closed at $0.45740. 474 far (,LB?‘i for Anlfl!.: ’ll'.flafll 70 fos 'y Ana or ruary, Sales were reported of 4, $0.55G20. 0534 for Apell Bnd S0 45 for Macep % .\;en;n-sude;;z%tkulm [ Shoet tilm at 1.9 1y ebruary and $4.43 for March, 50, wcrs ot §9.50 for April. B bl UENTRAL MARKETS, DBROOM-CORN—Was steady and in falr reta) s, quest. The better grades are held with eonsideg, * blo confidence. Tha receipts are light, and moey of the corn in tha Interior 18 held by partiesyyy will not snip 1111 they can’get mora than the Treighs chargen out of 112 P, Fine green earpot brush, 9D, Groen hurl, % Red-tipped ¥ing green, wil Hed-tipped do... Inferlor Crooked, . BUTTER—The demand waa falr, arrlvals, the inarket was enny, fine prades showing the woakness most. With a better sunoiy of goo] to cholce dairy buyers were reluctant to pay (g fancy prices leretofore prevalent for creaweries, Wo continue to quota Ight demand, and wy We repent oar Msl IBurlaps, 4 b i Dob on 0ty Gunmee, s Lewiaton, . 043 Do, doubls American..... .. 19 |Wool sacks CHEESK—Prices range as before, and are S, There i3 a good degree of actlvity in the trade, ad the market ia firm for fine goods, W Seotember and Octoher, full cream August do, 1 i Lreok. vuee gie , UKL 2 COAL—Ramains uncl at Uiy plces given beloy Lackawanua, Iarge ege Lackawanna, vinall gicy. Lackawanua, nut Lackawanna, rangs Pledmont . Dlombarg 3 .. 30, GUO Ths whiort 1ibe at $4.221 566425 ry. $4,:07146e4. 40 for Murch, $0.4715%0 4,60 for April, und $4.0 for M 40, 000 lus groen Liats tinostly 16 _108) At dS3cs 50 16a green hamy, mostly at Ye: 50 hoxes louz cut hatus on privaio terins, The following wers thy prices per 00 1be 0 the Jeading cuts Saort (7, vibe, el Short clears. ¢ J, ai Boged,. ou.ove Fubruagy, boxed Murch, biced Apnil, boxed, Long clears quoted boxe hama, 10t 455 4,65 100ao and 81,4715 $4.3105,00 boxed; lonz-cut cot-plckled hnme, 644r7c for rage; areen hame, Hi4E5A(C fof samy ayersess yreen shaulders, B4@Ityc. Bucon quoted at $1@4'3c for ahoulders, 4X@Be for shiort tibs, 5@HHe for abort clears, TG73c for bams, all canvased and packed. turann—{vas quuted at 54at3550 for white, 4§ @#ie tor vellow, and 4@4c for brown, BEEK PRODUCTS—Wers stendy wnd’ gulot at $7.7042H, 00 (ur iesn, $8.50058.75 for extra mess, and $14,50GL15.00 fur s, TarLow—Wus qulet at 0@0ic for clty, and 6X @ for country, BREADSTUTFEFS, FLOUR—Way In falr doniand by shippers, but mostly ut prices which holders would not accept, and tho result wasu £ athor Mgt trade outside of the ustal volumo of local business. Sales wers reported of 240 brls winters st $4.75@7.00; 1,160 brlu doullo cxtras, chiefly at $3.6074.25; aud 0 rls extrasat §4,23; und 50 brlaspring sapers at $2.40, Total, 1,7 The following was the nominal rengg of prices $1.75 @510 0} @r4.50 00+ Qo4 50 @b, Fair to good Low suri Pate Buckw| Buax—~Was moro nctive and easler. Sales wero 0 tons at $7.6077.75 per tun on ek, and 87,76 frce on bonard car, Cony-MuaL—Coarse was uomlinal at $10,00 per tou on track, Snonra—Sale was made of 10 tons ot $7.560 on track, H % BERING WIHEAT—Was {rregularly femer, The market declined Ye, advanced 2¢, and closed i above thu lutest prices of Tucwddy, ‘The Britlen marksts wero wlow, and New York dull early, which made onr warkes opon rather weuk, but e ceipis berw were wuinller, and that fact fnduced o v dumand, under which pricce lwproved., 0 wete no speclal conses at work 10 i streugth, but the feeling for somio thne past bi Leen fuvorable 1o anadvance, and & good many overators by o lttl whenevor a siizht downward furn fn tho market enables them 1o take & fower hitch. They took Liold yesterdsy fu that way, and niost of the” grain thus bousht seomod to bo for sale araln whew the market hud roached the top. ‘The shlpping demand was rather qulet; No, o closed at 83 and T0%ac. Soller March opencd '4¢, advanced 10 87¢, fell back 10 Mi'ie, aud closed ab 80%e. Seller April was Il(lulh)l"{ about 1¢81'5¢ above ‘““chl aud dlay 14,@ February vold at 85 GH3 e, Seller the month was abimost nominal ot BAGGEIYe, closnig 3¢, Bpot wura_reported of 91,000 b 181 85e@ 2,000 bu No. i} ue 7013¢5 19,000 bu_fe- D) 1, 140, entirely nominal on lots Sales were 400 bu Ly wawple st 01! ,¢ ou uu K00 ba do st 82 e delivercd, wther quict, and casier on futures to abuut i early, while spot corn was wteady and retber drui at e advauco on Turvduy's ¢ vrices. Yhe Hriteh wsrkels were quoted seady, aod Noew York wos moderately active, whiie bur recoluts wers siuallor than usual, with fair shipments, The ciitel fealure [n tie warket was a rather free purchowe of No. 2 and high mixed by partics who were supposed o want 1o put 1t in veusels to Ho bere nif the upening uavigation, ‘The wmullér supply wadv holdors carclvas to sall for rutnze, though there was ot much’ dewand. Beller May opeacd c, ade yuuced Lo dae, fell back o Uatge, wnd closed at #ah@gdd e, Eoiler April wold st 31 <, Murch at $1%@H14c, snd Februay ab. 05 0% 3 B03¢.° Sellor the mouth was title better than n 044 wilnal st il H%c. Bpoi corn closed at HUc. (u Wery repurted of 83,000 bu No, 2 and At K SOKe; 3,000 b new mi Al UL on Lry rd cafa. Total 102,000 b, OATS -~ Were guiet and uuchanged, wero hutle better ha nomingle cash was priocipally fu satntoe, or No. 2 :)u‘: e, N Futures the trading bu Beller the montn ebruary sold at 10'e, I was quivt at 0% 204e. L al 10 ovier Unuce lurver offer- fuda. Salaploa Wery volier DIwsCOUY, DU alow Gartsherrle, Indiana blocl White aely block. seraebie 1. COOLERAGE—\Wasinmodersis demand. Tiercs and pork barrela were steady, Several change are nofed In stock: Pork narreln Lard tiercos. ‘Whisky barr Aleohol do Flour barr Tierce hoops, hicke Tierce hoapy, cak... Flour hoops. Flour staves. Bucked pork slaves, §# m Bucked tlerce ataves, ¥ m Bucked whisky ntaves, Hm., Ttough staves $5. 0045, 00 I DRUGS AND CHEMICALS—Trade fa falr. Tie orders as usuxl ore for small lots. Nomstensi chanyo is made Ju the lint, excepting the reductoa 1n the price of citric aci Actd, eitrle, i Actd, tartaric, @, 25-B. Ammionla, carb, e Kre: Borax, ref Cream tartar, p Cochiueal, Hondur, Chlorofori, D (itycerine, bu + Gum arable, ple Gum camphior, v Quun opluns, 1 i sheliac, Todine, B, v Morpiila, sulph, o Oil, castor, Y gal Ofly lemon, Polassa, chior, . Potasslum, fol., B Quiniuo, sulphiy 02, v, E. L., powd., B... om, B, ud, § emp reed, "W D Sulph., clichonldia. P L DRESSED 1108 o o demand st e light recelnts and hu sympathy _wlmlu} Kales Wera ropurted of # eurs and 00 beit 400, The market closed bruat 2 @305, the inside for light welghts. E(1GS—Froah packages are r.fn cowninz in so fs #a dealora thougnt they wanlil when warin westhe! cume. Tho utreot is well stocked with ice-romst and picklod eges, winch keep down priceslo s that keops Nouthern v ‘e fur froah and 187 LIsH=Nothing new was developed | H market, ‘Thero was a fair dowand and a tirm et pricos; Logs, ull_&l‘llfl‘ui.w. bav. Large famiiy, Fatfumily, new, t5-brl .. No. 1 bay, 'kits, . No. 1 bay, mediom, Famlly kits. Qoorge' ‘!llnkcflflm i ‘ompressvd cod . Dressedend.,... Labrador herring, wplit, briv Lavrador herring, round, brl Labrador Berring, round, 4-orl Hollaud hereing, EEZ aBEEEE the aame ! FRUITS AND NI + 5 ontho precediug twy days, a and firm: ronmtas. Bm B 3 ates, fane; Fias, layers: . Hu “Lurkish brunes, u French prunue, kove, mow il French prunca, boxes..,. 9 Ralslne, layers, ...... Loudou layers, new,, Loose Muscatel, Yalenclus, now, ... Zante currauts, old .. Zanto currunts, new. CIPOU, wee s 543 Evaporated, New Yorg Bouthern Ohl 3 Puachu unvaired, halves . Peaches, i unpalred, Quarl eries. .., Blaeaherric Flited chersten Fllberts,