Chicago Daily Tribune Newspaper, March 9, 1879, Page 6

CHICAGO TRIBUNE: SUNDAY. MARCH 9, 1879—SIXTEEN PAGES. Real estate 1y The New York 6 623 | Toledo 10.000 9.000 | and closed at this fiznre. Corn was quoted at 37c REAL ESTATE mode of transit fn New York. - q > 3% 401,089 BOLST0 OlTes 2000 | bid for May. T isions, sales were reported of . o Y FINANCE AND TRADE. % 291982 20 %ios | Danimons 25.000 1.)'(553%;:%”"5 Dotk ot 0,55 Tor May, and at o York bas received on immense impol ! = b Norod e AR ' AR 3 Philadely 0000 0000 | SN fos ety recotsbd_from Nebraska etate fHice Buildine S Hra'd of Mareh 6 says that. thero wag 5 0Lk Do preferre 3 199 G2L910 | that tho farmers ars busily eneazed i sowinz | Valuable Office Building Sold Near | crowd on the Real:Estate Exchango the day oot H ¥ ;| 2y fore, to compete for choice parcels of 3 Governments Dull -~- For-| eign Exchange Firm. Chicago Loan Market Quiet--- Stocks Stronger. The Produce Markets Steadier—Hogs TLower—Less Doing in Provisions. Wheat Active and Stronger---Other Grain Quiet. FINANCIAL, Goveroment bonds were very quiet in Chicago. ‘There does not appear to be any panic’ among I ‘buyers on account of Secretary Sherman’s inti- mation that the vrice of 4 per ceuts is tobe raised. Quotations showed few changes. The G= of 1581 remained at 106%, the 5-20 of 1867 at 102, the 5205 of 1563 at 1025 the 10408 de- clined ¢, to 1013{; the new 5s of 1851 were not quoted; the4 per cents continue at 100 to 1003, and the currency 6s at 120%. It is thought to Dbe Sceretary Sherman’s intention to call all the rewaining 520 bonds in one call, if nis recent circular threatening to raise ‘“the price of 4 per cents revives the slackening demand for the latter. Danger of distress in the moncy market on account of the scttlernents of April is believed to have been removed by Secrctary Sherman’s circular allow- ine the banks to make settlements in any called bonds, und not as heretofora in only matured called bonds. Gold is nominally quoted at $2.00 per $1,000 for larze amounts, and 100 for small lots, but 1he guotation is nominal, as thereis no demand. Criczzo offerings of foreign exchange were very light. - The Chicazo quotation for sterling sruin bills was sdvanced 3{ as was that for sixty days' bankers’ bille. Sterling grain bills were 484, and French. bills 521%. The actual Chirago rates for sterling were 45334 and 480. In'New York the actual rates were 4863 and- 48014, The postal rates for sterling were 487 11 480, Freech bankers’ bills were 516} and 5183, » Consals were 95 7-16 all day. There has been a moderate business in dis- counts. The demand for loans has been fair, Dut not enough to keep discount lives up. The tepdency of the market has been towards the accumulation of loanable surplus. Rates have Leen #Z7 per cent on call, and @10 per cent on time. Currency receipts and shipments have been light. Country orders for New York ex- ciange have increased, and the supply has been well kept up by shipments. Clearings have in- dicated a steadily decreasing volume of busi- They are reported for the week as fol- by Manager D. R. Hale, of the Chicago Clearing-House: Date. Balancee, Morday $ 504,906 Tuesday. 4121397 Wedneac 288,315 Thursday Friday. Satarday, 19,534,32¢ 2,090, 081 ‘The Lafayette Bank and the National Bank of Commercy of Cincinnati, have been consoli- dated. 2 TFor Chicazo gas stock 130 has been bid, with- out sales. ‘Ti:e stock market was dull and undecided. In some of the active stock there was a ain, and inothers}aloss. New York Central declined 911534 Michigan Central lost X, to S7i{3 Northwestern, common,was off %, to 531« Bur- incton & Quincy 54, 10114; Erie 34, to 253(; Wabash 3, to 203; Western Union %, to 1855 Atlantic & Pacific 3, to 33]¢; Missouri, Kansas & Texas 3, to 9%; Kansas Pacific 134, 0 2L Northwestern preferred advanced from 863 0 85%, ex-divided of 18{ per cent; St. Joe pre- ferred 34, to 43. The coal stocks were all stronger. Delaware & Hudson gained ¥, to 4134: Lackawannz 134, t048); Jersey Central 24, t0 33Y; and Canada Southern 13, to 58%. The provosed Western Union dividend was Dot mooted at the meeting of the Exccutive ittee last week. There will be & special < of the Conzmittee Monday of tnis week 10 dciide defiitely what shail be done. Wabush reports o decrease of $63,424 in earn- ings between Jan. L and Feb. 21, and St. Louis & iron Mountain a decrease of $45,46S. There scews 10 be no truthin the stories cir- culated ju New York that a new coal combina- tion wus under way. President Gowen, of the Reading Railroad, said to a questioner last week: T have made no application whatever to other companies to limit the production of coal, citber by reducing the number of working days, or it any other respect whatever.” All that he bad done was to inform the New York compa- sies that he wonld take thelead in advanciog voul if they would follow the advauce. opeuing, biglest, lowest, and closing prices of stocks for the dav are given below. Northwestern gold bonds were 196%¢; St. Paul Sinking Funds were 103; Alton 6 per cents, £uld, 103}¢; and Burlington, Cedar Rapids & Northers, 2% Railroad bonds, in New York on Thursday, were trregular. The feature in the Iate dealings were the Missonri, Kansas & Texas.issues,which advanced on large transactions 15 for consoli- dated asscnted, to 563, und Sper cent for Sec- onds, to 203{. The latter finaliy reacted 1o 20. New Jerser Centra! consolidated Firsts assented Tose from S to 545, and declined to S4; do couvertivle asscoted, after selling up to 81, dropped to 833¢; do Adjustment advanced to 97, amd reaciod to 36363 do Incomes werea frac- tion higher, selling at 5% Lehigh & Wilkes barre consolidated asscnted advanced 13, to 4977, Erie consolidated gold 7 were in brisk demand, aud advanced to 10434@1045{. Denver & Rio Graode firsts rose from 73% to $8, and later fell off to §7i¢. Union Pacific sinking Inuds dropped to 107%4. Kausas Pacific Denver L on trust receipts fcll off to 95%¢; Toledo & Wabush, St. Louis Division ex-coupous to 8334, and Louisville & Nashrville consolidated to 104, C., C,C. & I consolidated advanced 14, o Wig. Atchison stock fn the Boston market on Wednesday advanced from 1043 to 105%; Pu- oblo & Arkansas Valley from G334 to 71: Bur- Inrton & i Wichita & Southwestern from 0 to G1i¢; Kuneas Pacific declined from 10 to 743 Mis- souri, Kunsas & Texas was steady at 7. In boeds, Atchison, Topeka & Sauta Fe second mortgage advanced %, to 115; Burlington & iissour: (in Nebrasks) sixes exempt X, to1053; J‘I:msas City, St. Joseph & Council Bluffs ¥, to . ‘The Philadelphia Ledger records the bullish Tact that many of the more intelligent Philadel- Dlia investors and stock operators think thst here are indications fo all the large cities that he country is upon the eve of a sharp advance in mauy of the leading stocks, the from no special bat from general causes. Hence the in- ing stock busiacss at higher prices. . he following shows the prices and fluctuations o lesding stocks for the day: 301 ar. & Q... 114% shicpo & Alton. 773 7t IJangas Pacific.. Ex-dividend 137, FOREIGN BXCHANGE. Sixty aays. Sterling 487 Belgium . 517 Norway, Sweden, L. S. new 58 of "1, (ex. inl T. S. new 4%s (ex. mt. 8. 4 per cent coupons. 1004 T. S. curzency 68 .. waen it Aked. Chicago 7 per cent bonds (long). ..¥1108 *111% Cacago ',5 per centsewerage (long). *1105 #1111 Chicazo7 percent waterloan(long). #1101 *111i¢ Chicago City 6 per cents (long) ....¢105% #1064 Cook County 7per ct. bonds (long)..#110" #111 Cook County 7 per cents (short)...*101 102 Lincoln Park 7 per_cent bonds. 104 West Park bonds, 7 per cent South Park bonds, 7 per ceni North Chieazo:7 per cent (rai bonds)... o City Railway (South Si Gty Railway (West Sice) City Railway (North Siae) Chamber of Commerce. 7. Div. Railway 7 per cent City seripe=.. *And interest. COTN QUOTATIONS. The following are the Chicago guotations for 82 4.50 XNapoleons 2,80 Twenty ma; 450 Austrian florins 39 Five francs 85 Prassian thalers.. 65 THolland gueiders 38%@ 39 Kronors (Swedis| 25 @ 254 Mexican and Sof 3 doubloons ... 15.50 Spanish doubloon: 15.60 BY TELEGRAPO. NEW YORE. To the Testern 4ssociated Press. New Yorr, March 8.—Governments steady. Railroad securitles active. State bonds dull. The stovk market to-day wassomewhat irregu- lar. Coal stocks, however, were strong through- out, especially for Delaware, Lackawaona & Western, which, under a sirong purchasing movement, advanced to 483 against 4534 ves- terday. Western Union made some wide flue- tuations, opening at 1057, declining to 104} selling up to 1055, and closing at 1048{. - The general Jist was comparatively aquiet, and changes in prices were slight. In the early dealings there was a fractional advance which in afternoon was entirely lost, but towards the cluse a firmer tone prevailed, and the final deal- inge were at an advance of %@15 from the lowest point of the day. “Transactions agezregated 125,000 shares, of which 11,000 were Bric, 7,500 Lake Shore, 2,400 Wabash, §,200 Northwestern common, 4,300 pro- ferred, 3,200 St. Pauls, 40,000 Lackawanaa, 7,400 New Jersey Central, 1,500 Delaware & Hudson, 2,700 Morris & Essex, 1,500 Michiean Central, 1,200 Union Pacific, 1,500 St. Josephs, 11,000 Western Union, 1,100 Atlantic & Paciflc, 5,100 Missouri, Kansas & Pacific, 2,500 Kansas Facitic, 1,900 Canada Southern, and 2,500 Burlington, Cedar Rapids & Northern. Monuys market easy at 3@4 percent. Prime ¢ paper, 8(@5 per cent. -lingexchanee, sixty days, active anastrong &t 483345 sizht, 48914 ‘The weekly bank statement is as follows: Loans, 1crease, $95 ; soecie, increase, $433,700; 1egal-tenders, decrease, $2,053,000; deposits, decrease, $136.630; circulation, in- crease, $3.000; resagve, decrease, $1,535,13 g ‘The banks now iiold ' $4,225,725 in excess of their legal requirements. GOVERNMENTS. ‘Counons of 188: Coupons, 'G7¢. Coupone, '68s New 5. New 4148, IN. J. Central iRock Tstand Quicksilver, 333¢ 5t. Panl Pacific Mail 133!St. Pau), Marinosa . 102" |Wabash. Q.ex.div Panama. 134" (Hannibal & St. Joc. 14y Union Facific T3%IH. & St. Joe, pfd.. 433 713 |Canada Southern. i Lake Shor ljllinuii Central P flh\rcsmml. U. P. Sioking-F'ds.1093 C.C.C.& BoxDs. Tenneesec Gs, old.. 33 [Virginia 68, new.... 30 Tennessce Ge, new. 24 |Missonri.... ‘1043 Virginia Cs, oid.... 29 FOREIGN. Loxpox, March 8.—Consols, money, 96 7-16; account, 9614 : American Securities—Reading, 12%; Erle, 96 preferred, 45. United_States bonds—'67s, 104; 10-40s, 104; new 55, 106363 114s, 10795 45, 10234, The amount of bullion gon¢ into the Bank of England on balauce to-day is £15.000. «Pams, March 8.—Rentes, 110 90c. COMMERCIATL. Latest quotations for March delivery on the leading articles for the last two business days: Sallg‘({flov. Friday. D8 - 3ess pork. Lard ard, Shoulders, Short ribs, Whisky. Wheat. xe boxed. The following were the reeeipts and ship- ments of the leading articles of produce in this city during the vwenty-four hours ending at 7 o'clock on Saturday morning, and for the cor- responding date twelve months ago: SHITXENTS. Grass seed, 'Ibif ¥. seed, 1bs. B.corn. I m Shingles, m. Sain, bris... Withdrawn from storc during Friday for city - consumption: 9,005 bu barley. The following grain ®as inspected into store in this city. Saturday morning: 2 cars No. 2 white winter wheat, 11 cars No 2 red, 2 cars No. 3 do, 1 car mixed, 1 car No. 2 hard, 31 cars No, 2 spring, 85 cars No. 3 do, 39 cars rejected, 10 cars no grade (182 wheat); 63 cars high mixed corn, 7 cars new do, 23 cars new mixed, 58 cars No. 2corn, 11 cars rejected (167 corn); 1 car No. 1 oats, 16 cars, No. 2 white, 22 cars No. 2 mised, G cars rejected (45 oats); 4 cars No. 2 rye; G cars No. 3 barley, 5 cars extra do. Total, 409 cars, or 175,000 bu. Inspected out: 45,033 bu wheat, 10,366 bu corn, 2,126 bu oats, 4,065 bu barley. The following were the receipts and sbipments of breadstuffs and live stock at this point dur- ing the past week, and for the corresponding weeks enaing as dated: A Alarck 8, March 1, March 9, 1879. 3 Receipts— 70. 1878, Floor, brls ... .... .. 82,485 69,967 §1,967 Wheat, bu. 406,749 373,874 626,612 79,648 480,605 810, 507 804 7,907 99,164 190 Live Lo Cattle, . The iollowing table shows the exports from New York for the week ending Thursday even- ing last, with comparisons: Jln]rm 8, Aarch 1, March9, 1870, 1878, 879, Flour, brls. 00 d Wheat, bu. , 870 875 Corn, bu. 720.273 417,500 With the august permission of the iorinter and proof-reader we wish fo fuform our readers that the decline of Friday would have allowed a profit of nearly two hundred and forty dollars on eaci1 §5 invested in puts, if the deal had been closed at the bottom price of the season. We tried to say this in Saturdsy’s issue, but the printer was too merciful to let the whole truth out at once. ‘The revudiation of these privileges was rot quite 50 extensive as reported Saturday. Ouve house declined to settle, and another offered to leave the thing to arbitration, claiming that the sale had been made by a clerk on his own re- spousibility. It should be remembered that these transactions were ‘¢ off *Change,” not be- ing recognized by the Board of Trade. The wheat deal was on Saturday:as much of amystery as ever. ‘The party who did the bulk of the selling Friday was as close as an oyster, and no one clse could doanything more.than indulze in surmises. The belief that the wheat was s0ld in obedience to a bogus telegram was wideiy believed, and the result was to cause a furtber advance in the market here, asit was supposed that Keene had eitber bought bis wheat back or would have to repurchase it. There were, however, & few who thought it probably that the whole thing had been cut and dried beforehand, and that all the opea tele- eraphing and the repudiation of the same by the partics concerned was but part of the plan which had been got up for the purpose of befogwing the commercial public. Several individuals of- fered to wager large amounts on the statement thatno such telegrams had been seat by any onc. Some of the more thinking ones rather considered than cutertained the theory that Tisber had been selling for other parties who wished to bear the market, and chose him be- cause they expected that the public would jump to the conclusion that he was selting the Keene wheat, when he was really doing nothing of the kind. The maoner in which Fisher effected his sales was regarded as proof that he- had re- ceived orders to “push things” downward. Such a course would involve a seyere loss if that were the whole of the plan. But it is not impossible that the same masster hand gave in- structions to other brokers to buy in all the wheat that was offered; in which case there would be little loss o the transaction beyond brokerage fees, and a few stray fives that would be caught on the fly from among parties outside the deal. It is certain that two or three promi- nent firms bought very largely here during Friday and Saturday, and bought so freely as to givecolor to the belief that they knew what they were doing, and not simply taking the chances. Some of thesc purchases were made to fill orders that had previously been lmited below the market; but there is room for the supposi- tion that 'a good deal of the wheat was bougat for the man or men on whose account the same was being sold. There was & tevival of confidence Saturday, and the market was steady to an extent that is surprising in view of the uncertainty attending it, Wheat advanced 2}4c and closed 1%4@2% higher than on Friday cvening, the range of the market having been about 2c. In the afternoon it was reported that Wall street is entirely out of the wheat deal, and that prominent firms here and in New York were buying to prepare for .the *‘continental de- mand,” which they see will, be more vigorous this spring than ever before. A counter rumor was also started to the effect that Keene’s broker had quictly boaght up through others a larze part of the wheat ho sold out during Friday. Other grain was steady, flour in fair demand, and provisions irregtilar, averasing higher but closing casier. The day was warm and spring- like, a fact which was favorable to lower prices on breadstufls. ‘There was nothing specially now to be said of the market for staple and fancy dry zoods. Trade continues good, and shows steady im- provement, while prices are working firmer. No price-changes were developed in the grocery market. There was a liberal general demand, and, excepting Rio coffees, the different lines were fairly irm. Dried fruits met with a good inquiry, and were generally firm. The coffec market remaios unscttled, with the tendency slichtly in buyers' favor. The fish trade was rather less active. Prices were firm and un- changed. Bikter met with a fair local and ship- ping demund, and sold at previous quotations. Cheese remained firm. There was a better call for oils, paints, and colors, and prices zenerally -were firm. Leather remaius firm. Tobaceo was quiet and unsettled. Coal was quoted quiet and steady. & Lumber was fairly active at rccent prices. The fine warm weather stimulated trade, and also increased the desire tosell, as dealers feared an earlier opening of navigation on this lake than they had previously counted on, which would let into this market a quantity of lumber that has been wintered at the milis. The warm days are fast melting the snowdn the pineries, but it is still decp in places, and log-hauling will prohably be carried op a fortnight Ionger, though in some counties the camps are break- ingup. Thedemand for broom-corn was re- ported better, and some grades were hefd with more confidence. Wool, salt, hides, and seeds were devoid of specially new or important fea- tures. Game and poultry were lower, and eggs dropped iu price towards noon. Statement showing foreign invoice value and daty pzid on goods entered for consumption at the port of Chicago during the week ending March §, 1879: Forelen ratue. 59,016 75 1,118 822 lass of goods. Dry goods.... ... Wines and liquors. salt.... Musical meschandise Toys and funcy goods. Chemicals, Tin plate. Total . ......... ....5106,005 i GOODS RECEIVED at the port of Chicago March §, 1879: Carson, Pirie, Scott & Co., 1 case dry goods; Field, Leiter & Co., 2L cases dry 2oods and one case flowers, Collections, $6,320.85. STOCKS OF LARD. # The following are the estimated stocks of lard in the United States at the present time: Chicago Cincinnati St. Loanis The following table exhibits the stocks of lard on hand in the principal European markets on March 1: MOVEMENT OF WHEAT. The following shows the receipts and- ship- meants of wheat at points named yesterday: Teceived, Shipprd. . )y 83,176 44,330 80,000 400 IN NEW YORK SATURDAY. March 8.—~Receipts—Flour, 16,552 brls: wheat, 116,650 bu;; corn, 47,116 bus oats, 20,504 bus corn ‘meal, 1,255 pkgs; rye, 1,15 bu; barley, 2,200 bus malt, 2,00 bu; pork, 620 brls; beef, 1,428 tes; cut meats, 6,988 pkgs; lard, 2,174 tes; whisky, 807 brls. 5 Exports—For twenty-four hours—Flour, 10,000 brls; wheat, 80,000 bus corn, 111,000 bu. PROVISIONS. TOG PRODUCTS—Were less active and much steadier. The market was firm early, but fell off towards noon, in sympathy with lower quotations for hogs; but there were mot many sellers at the decline. Liverpool was unchanged, and there was not much shipping demand here. The foHowing is a dctailed statement of the ship- ‘ment of provisions for the week, and since Nov. 1, with coreparisons: 157879 Articles. 938, 31| 781 50 Stioulders, tes. Shoulders, brl Shoulders., Tongues, Pl pligs, Mess Ponk—There was less doing, and the mar- ket ruled casier. closing 23¢ below the latest prices of Friday, with some saics at 10c decline. Sates were reyorted of 8,750 brls seller_April at 30,675 @9.824%, and 20,750 vris seiler Blay at $0,77340p 9.95. “Total, 35,500 brls. The mariet closed easy at$9.70 for cash’ or seller March: $0.7213@9,75 for Apnil; and $9.821£@9.85 for May, with abont £9.95 for June. Oid pork was quoted at $8.25 when not repacked. Prime mess pori was quoted at $9.0029.50, and extra prime at $8,5033.75. Larb—Declined 23Z¢ per 100 Ibs, with a tame feeling throughout, though holders were not anxious to sellat concessions, Sales were report- ed of 250 tes epot at $6.45; 8,500 tes seller April at 86.474@6.50; 8,000 te3 seller May at $6.550 0.60; and 250 tes seller June at $6.6233. Total, 17,000 tcs. The market closed steadier at $6.43 Tor spot or seller March; S6.45@0.471% for Avril; . 52140, 55 for May. June was nominal at $U.GO@S.G2iZ nt the close, - Mrars—Were less active and eteadier, witha little more firmness in ribs, which were offercd less freely. Sales were reported of 209 bxs shoul- ders at £3.65@3.70; 150 bxa long and short clesra at $4.50; 150 bxs long clears on_ vrivate terms; 100 bxs backs on do, ; 2,500,000 Ibs short ribs at $1.63724.70 scller Apnil, S.7744@4.85 for May, for June. Th following were the clos- ing prices per 100 1bs on the leading cuts: Shoul-1 Short (L. &S,y Short ders. | ribs. | clears. | clears. Loose, part cured.($3.50 (54.70 [S4.70 [§4.82% Boxed. 485 | 4.85 [L.97% April, boxed. 4.90 | 4.90 | 5.0: May, boxed. 0f 5.00 | 5.15 Long clears quoted at $4. 5714 loose and $1. 7215 baxed; Cumberiands, $5.00@5.25 boxed; jong- cut bams, 8@8%ic; eweet-pickled hams, T@7%c for1610151b average; green hams, 0X@7c for same averages: green shoulders, 3%c. Bacon quoted at 43 for shoulders, 51 @53c for short ribs, 53{@5%¢c for short clears, S@Siic for haw, all canvared and packed. GRrEASE—Was quoted at $5.00@5.50 for No, 1 white, 43(@5c for o6d yellow,. and 44@4%c for brown. with sale of 50 pxas white at S3.. BEEF PRODUCTS—Were firm sud quict at $8.25@8. 50 for mess. 59, 0009, 25 for extra mess, and 517. 75@18. 00 for hama. TaLLow—\as quict as 6X@63%c for city and G @6i4c for country. - . S BREADSTUFFS. FLOGR—Way'in good demand for export, with ‘much more doing than i3 usual on the last day of the week. Holders wére firm in- their viewsat previous prices, actingon the theors that tho re- cent decline was prodiibly but s temporary fiurry. The Jocal demand wis ratber hight. Sales were reorted of 1,600 brigvinters, partly at $3.235, and 3,250 brls spring extras, partly at $3.90@3.95. Total, 4,850 brls. The following was the nominal range of prices: . . Choice witkers. .. Choice Minncsotas. .., Fair to 200 Minnesotis Fair to zo0d springs Low springs Patents Buckw Bra ‘ay scarce. and_ stronzer. For car lots free on bosrd $11.00 per ton was bid, without find- ingz sellers. i Cony-MEar—Sale was made of 30 tons coarse at $131, 00 per ton on track. Snonts—Sale was mude of 10 tons at $11.00 on track. SPRING WHEAT—Was active and stronger, ad vancing 24, and closing 1X@2c avove the lai prices of Friday. Liverpool was reported stron: with some descriptions 1s per quarler higher than at the last previous advices. and o Continental de- mand was in Fru‘,!m:s 1 England and New York. This news helped the firmer feeling aue to a partial recovery {rom the scare of Friday. The fact that buyers had taken hold yery freely near the bottom the previous Cay reassarcd operators much more thun did the denfals that Keene had autborired bis wheat to be sold ont, and they were more willing to buy.Saturday. 'There were gome who said that the market would 'have to go much lower if tne Keene support were withdrawn, bat the more general view of the case was that the whent Dad been sold_anyhow, that it will be wanted in Europe, and that there is cabital cnough at com- mana to carry it into the season of novieation with- out trouble. " The fact that two ar turec prominent operators were taking lold frecly reassured the smaller dealere, and the market wasmach steadier, though at times very nervous. Seller Avril opened at 991;G93M%¢, with some sajes as high as 94, and pernips 04ic almost at the same moment, soid up 10 9dbic, sazed lic, improved rapdly to951c, re- coded 10 943jc, raiiied to 95¢, and clused at D% 95c. Seller May sold at 984@90c, with more doinz tham the previous day, and clozed at 98xc. Seller “the month was nearly nominal at 3:@c below April, the difference belng wider fhan for two or three days previous: it was quoted at 93B943sc. closing at 911{c. Soot wheat closed at Yilse for receipts «lated since last Tharsday, and 94{c for those dut- ed previously. No. 3 ciosed at $2c. Spot ealea were reported of 33, 600 bu at 932;@0414¢; 17, 6O bu No. 3 at 80c for winter storage, and S1@82%c for fresh receinta; 6,500 bu rejected at_69%@70c; 2nd .El, 600 bu by sample at 55@S4c. Total, 79, u. 600 bu. WINER WizaT~Sales were reported of 400 bu No. 3 a1 $1.02 in store; aud 4,000 bu by sam- ple at 850¢51 COIN—Was quict ana steady, with Hittle change from the Jatest idy. The interest in rices of Friday. the wheat deal was sufficient to attract a goou many operators who are usually found in corn, and that left the market poorly atlended. The British markets were quict and easier, and omr receipts showed a elizit increase, which caused a slight weakenmg early, but the market recovered tone in eympathy With wheat, thougl'there was but a light demand for futures. The inquiry for shipment was fair, and tae car lots offered on track brought good relative prices. No. 2 in store closed ar 3ic for receipts dated since last Thursday, to 33c¢ for resular and 3335¢ for first storage lots datea previ- ous to Friday. * Seller May opéned at. ceded to 3 and closed firm at 7c. Selle) ranged at 37G@ST!5C, and July ot about37i4 April ot 33@45%c, and dlarch at 325 @33, the Tatter closing at #2%c. Spot sales were reported of :20,000 bu No. 2'und hizh mixed at 331@: 48,000 bu new high mixed on first-storage at 13.000 bu oy sumple at 33@34c on track; 40,000 bu doat B3G44c free on board cars; and 3,000 bu ears at 3itic delivered. Total, 114,000 ba. For new mixed on Grst storage, 323c was bid. OATS—Were fairly netiveat the Improveicat noted ¥riduy afternoon. ‘Tl receipts were small- er, and samples were again in farr request for shipment. The May fnture was in zood demand carly. surting at 2Gizc, then sold at 2c, and rose to Glic, closing at 6tic. - June soid at 2 2ie, and April’ at_2L@28%c. Kegular No. oaté were quoted at 23%¢c, and fresh at 2432625c. Cash sales were reported of 00 bu gi ized No, 2 at 25c: 7,800 bu by sample stV 'Tl4¢ on track; and 19,200 bn do at 20@:27:4c freeon board, Total, 27,600 bu. RY £—Was quict and onchanzed. A few ship- ping orders were placed ut recent_figuras, other- Wise the market was guict. No. 2sold at 46¢ reg- ular and 46i4c fresh, and March was quoted a: 46¢. Apnl was quiet at 46ize, and May at Sle. Cash sales were reported of &,000 bu No. 2 at 4Ge: 400 bu gilt-cdged do at 483c: 1,600 bu by sample at 4743@473c on track; and 590 bn at 4Sc free on ooard. - Total, 7,500 bu. . BARLEY—\Was quiet and nominally firm. The inquiry was iight, and there seemed to be no sell- ersof N on the floor, an® few of the other grades. April and March were quoted at 77¢_bid, 2nd cash at 77¢ regolar and 78G80c fresh. Extra dwas otfered at £1c for Aprit. Resnlardo sold at 42c. aud freshin A., D, & Co.'s was quoicd at 46 @i7c. Fresh No, 3'sold at 39c. Samples were quiet. Cash ales were reported of 1,600 ba extrs # 8t £2¢3 400 bu No. 3 at 39c; 2,400 bu by sample ac 42@82c on track; and 1.600 bu do at 42@3c free on board. Total, 6,000 ba. MORNING CALL. ss Dotk was active, sules being made of brls, at $9. 82¢:@9. 8713 for April, $9.921; @8.974% for May, and $10.024; for June. ~Lard— 1,500 tes, at $6.50 for April and $6.57%@0.60 for May. Wheat was very active, sales being re- corded_of 450,000 vu, at 9I@9%4c for April. Corn—3,000 by, at 571;¢ for May. LATER. Batarday afterncon wheat s0ld at 8¢ for April, wheat. At Drownsviile they expect to get all the wheat in by the 20th of this month. BY TELEGRAPH. FOREIGN. Specfal Dispatch to The Tridune, LivErroor, March 8~11:30 a. m.—FLouR—No. 1. 10s; No. 2, 8s.6Gd. 4 Grarn—Wheat—Winter, No. 1, 95 4d; No. 2, 0s; spnng, No. 1, 8s 2d: No. 2, 78 6d; white, No. 1, 9s4d; No. 2, 8s 10d; club, No. 1, 9s9d; No. 2, 983d. Corn—New No. 1, 48 7d. Provisioxs—Pork, 48s. - Lard, 42s 9d. Livenroor, March §.—CorTox—Quiet and un- changed; eales, ‘5,000 bales; sveculation and ex- port, 2,000; American, 2,400. LoxpoN, March 8.—TarLow—Fine American, 36s 6d. LiNseep O1L—25@20s. AXTWERP, March 8, —PETROLETN—221, The following were received by the ChicazoBoard of Trade: Liverroor, March 8—11:30 a, m.—Flour, 8 6d@10s. Wheat—Winter, 05@9s 4d; spring, 78 6d@8s 2d; white, 85 10d@9s 4d; cluo, 95 3d@ 9s9a. Corn, 48 7d. Pork, 48s. Lard, 325 9d. Livenroor, March 8-—Special cable—Bacon— Cumberlands, 27s 6d; short ribs, 27s; lonz clear, 203 6d; short clear, 278, ‘Beef—~Prima mess, 7083 India mess, 7€s; extra India mess,87s. Checse— Choice, 48s. . Shoulders, 23a. Tallow—Prime clty, 36s. Lard, 328 9d. Pork—Prime mess, East- ern, 52s; Western, 48s. Hams, long cat, 20-b average, 408. @ . Loxpoy, March 8.—LivERrooL—Wheat strong. Corn qulet. Cargoes off ‘coast—Wheat 5 shade dearer, and there is o Continental demand; fair average No. 2 spring, 43s; fairaverage California, 453 6d. Corn rather casier; fair average Ameri- can mixed, 225 6d, Cargoes un passage—Wheat firmer; corn rather easier; good shipping Cali- fornin wheat, “just shipped, 458 6d; nearly due, 45s; fair average quality of No. 2 Chicago spring wheat for shipment during the present and follow- ing month, 40s 6d@41s. Weather in England springlike. iR NEW YORK. _ To the Western Assoctated Press. New York. March 8 —Corrox—Steady and un- changed; futures steady; March, 9.73c; April, 9.57c; May, 10.03¢; June, 10.17c; July, 10.28c; August, 10.36c. |, o Frour—Nominally unchanged; very light de- mand; receipts, 17,000 brls. % GrArx—Wheat quiet; receipts, 117,000 bu; rejected spring, 8c; No.4, 95@98c; ungraded do. 04c@81.062; ungraded winter red, $1.04@1.16: No. 3 do, §1.10@2.13; No.2 do, $1.17@L.17X; No. 1 do, $1.17%; ungradea amber, SL.1 ) 2 amber, $1.153@1.16%; ungraded white, S1.14 No. 2 do, SL10@1.13%: No. 1 do, e quiet; Western GO@G3c. Mult dull and unchsnzed; recetpts, 47,000 bu: ungraded, 45%@46c; No. 5@45kc; steamer, 45L@45%c. Oats—) receipts, 21,000 bu; No. 3 waite, 3333 Q@i3%ac; frwEe R S1.155%@1. . ye Barley—Market dail. Ko, 2 do, 343c; No. 1 do, 36¢; mixed Western, 33@34¢; white do, 34@38¢. Har—Firm and unchavged. Hors—uet and uncnanged. GRocEmEs—Collee quiet and unchanged. Sogar nominally unchanged at 63;@bsc. Mlolusses quiet and unchanged.: Rice nominally uncaanged. Prrnourud-—Qulet; uaited, ‘80%c; refined, 9 asked. ‘T'aLrow—Steady at 6%@86 9-16. Resix—Market dull at $1. 401.42, TuRrrENTINE—Quict at 29%c. Eccs—Steady: Western. 17@17!c. Learuzn—Market dull at 19@20c. Woor—Demand fair; domestic tleece, 27@40c; puiled, 18w35c: nnwashed, 10@325¢. - Provisioxs—FPork steady; mess, 39.25@9.40 for 0,50 for new. Beer steady with Cut-meats quiet; lonz clear mid- $1.874 short do, $5.00. Lard steady: ‘prime steam, $6.57/4@6.00. Burrer—Steady and unchanged. Dull and unchanged. -Market dull at $1.06%. . Munufactured copper, 73%c: Ingot Lake, Pig iron firm; Scotch, $22.508 5510.50@.’:0.50; Rusaian sheet- 1022.15; clinch, $3.65@4 40, TABLES TURNED. The Scalpers Go for the Passenger Agents. Mention was made yesterday of the arrest of nearly all the Chicago scalpers for dealing in railroad tickets without permission of the com- vpanies concerned. It appears that the arrested men had been expecting something of the kind, and bad made their arcangements accordingly. Yesterday . Mr.” Mulford, of Mulford & Me- Kenzie, went before Justice Kaufmann and swore out warrants azainst four_agents, ‘under Sec. 5 of.nn act to prevent frauds upon travelers, ete., in force on and after July 1, 1875, the following charges bemg specified: James R. Wood, agent of the Burlington & Quincy Railroad, who has violated the act **by refusing on dem-md. to redeem a ticket, No. §35, issugd br s3d Railway Comuant {ramn Chi- cawo to Sedalia, Jos, which ticket sa’d Railroad Company haa s0ld, und which the purchaser hud not desired to use.” S Henry C. Wentworth and William F. White for refusing to redeem a ticket similarly Issued on the Miclizan Central Railroad, No. 5,474 of Series 2), from Chicazo to New York via Buffalo. W. A, Thrall, agent of the Northwestern Railroad. for refusig to redcem ticket No. 5,953, from Chicago to Cedar Rapids, To. Messrs. Wentworth and Wood were arrested csterday, and the others will be arrested on Monday.” John Dyer went bail for Mr. Went- worth, and be in turn went bail for Mr. Wood, the amounts fixed at $1,000, until 2 o'clock Monday afternoon. It i3 understood that a number of other agents will be arrested Monday. ‘The ‘*scalpers arrested Friday were yester- day before Jastice Summerficld, and were held in $300 bail each to the 11th, at 9 o’clock in the morning. S. L. Rhodes and Justin Goodrich were brought in yesterday, and, waiving - exam- ination, were held'to the Criminal Court, the formerin $100 bonds, und the latter in $300 bonds uoon each of two cases. It is their evi- dent intention to bring a test case to trial as 500D ag possible. RETALIATION. o the Editor of. The Tritune. Curcico, March S.—The “scalpers of Chi- cago were agein arrested under the so-called “ Scalpers’ law ” yesterday afternoon, the rail- road companies having broken out ina “new spot,” as they do periodically on this subject, viz.: traffic in railroad tickets. Now, if the law, under cover of which this high-banded out- rage is perpetrated, was a constitutional and valid law, we would submit to its mandates without a murmur; but it is unjust and uncon- stitutional, and wenever will give up as lone as there is health in our bodies and dollars in our vockets. There is a peculiar feature about this peculiar law that the public know very little about: it is this: 1t demands that the regular ticket-azents shall redecm any tickets that are offered for redemption at their various offices at tariff rates. Now, this part of their own_odious law they refuse to comply with, as it is as much agaiost their interests as for us to selt tickets cheaper than they do. An old adage says_it is a poor rule that won’t work both ways, and to verify the truth of ‘that adage we have drawn out a line of policy that will astonish, to say the least, the General Passenger and Ticket Azents of this city. It Is this, aswe don’t care to make a secret of it Tickets were offered at all the ticket-offices for redemption this moning, and, with one excep- tion, the proposition was indignantly refused! The exception noted did not-want to languish in jail over Sunday,—for we intend to serve warrants for their arrest to a mau this after- noou, the warrants Laving alrendy been sworn out. - Now, all we want inthis iittle difliculty is fair play and a true showing. We bave the sympathy of the public, they knowine full well* the character of this persceution. Very respeet~ fully, Morrorp & McKenziz, ——— " NIGHT AND MORNING. How for rest the soul within s yearns, When the fruitless day is ended, And far veyoud the Hupvy lstes, in colors splendid, The gorgeous sunset barns, Tle only sees our hearts by sell oppressed; And, with exceeding sweetness, sends The Angel Sleep, tuat soft desconds To 80otne and cOmfort our unrest. Ang, whien the hopeful dnwn doth sflent creep To Kiss with rosy lips the hill-tops gray, He pids us wake from ot our bappy sléep, ‘And win by work the secret of, the day. He bids us wake, but cannot make usrise; e who tae laws bave ade, the laws obey; - Ourselves decide if we snall go the way, Broud and plan, revealed unto our eyes! Paur FeLix Browse, ——— In a primary school not long ago the teacher undertook to convey to her pupils an idea of the uses of the hyphen.” She ‘wrote on the black- board **Bird’s-nests,” and pointing to the hv- pben asked the school, “What is that for” Atter a short pause a'little Fenian piped out, “Plaze, ma’am, that's for the bird torooshton.” the Board of Trade. A Loan, Indicating a Permanent Re- guction in Chicago Rates. Important Developments in fthe New Lumber Region. 5 Sales, Loans, and Building Per- mits--Excessive Taxation. Real estate is active for the time of year. A good deal of improved business property, yield- ing fncome, is in negotiation. The most im- portant sale of the week was effccted by H. A. Hurlbut, who has been the agent for the pur- chase of several of the most desirable gusiness properties in Chicazo for Eastern capitalists. He has bought for an Eastern investor the office building on Washington street, 160 feet west of La Salle, for $127,500. The building is forty feet front by 180 fcet deep, four stories high, and has a fine stone front. “ One of the TMPORTANT EVENTS of the week was the negotiation of a 6 per cent real estate loan. This rate bas never, or hardly ever, been made before in a Chicago real-cstate lonn. The loan was made by Mr. Jobn G. Shortall, for Eastern lenders, on the Tabernacle property of :Mr. Charles B. Farwell. The amount of the loan was $110,000, The stores to sccure the loan stand st the corner of Franklin and ouroe, and have afrontage on Monroe street of 180 feet, valued at $800 a foot. The rate on this loan, of 6 per cent, was not acci- dental. Capitalists at the East are now getting but 5 per cent for first-class loans, and Joan- ageuts here have been notilied that choiceloan: at 6 to 64 per cent will be sccepted. This downward step in rates marks an upward step in the development of Chicazo, and shows that the credit of business men of this city among Eastern capitalists is of the hizhest. Some eight years ago * Walker’s Dock Addi- tion was laid out to zive additional TACILITIES FOR TilE LUMBER TRADE of the city, but the crash of 1573 put an effectnal quietus on alf such enterprises. Thac large tract of land has remained a dreary waste of unfin- ished cansls and piles of clay. Two leases just closed by B. W. Thomas & Co. for the Chicago & Norihwestern Railroad Company with the well-known lumber firms of Henry Barker & Co. and 8. K. Martin show conclusively that the coterprise i8 not dead. Messrs. Henry Barker & Co. and 8. K. Martin have taken” for ten vears the tract of lund on the Chicago River at the foot of Lincoln strect, embracing, with the vprivate capals, etc., thirty acres, giving to each yard some twelve acres of %mnm.l for piling, building, ete., over 2,000 fect of caval und river dockaze md 2,500 feet of raflroad track. Rach firm will at once proceed to finish the canal’s grade and plank their entire yards, buila brick offices, lorge planing-mills, dry houses, etc., and put their yard in permancnt and complete condition for their trade, at an estimated cost of $60,000. Their arravgements now made are to handle on this gronnd during the present season over 90,~ 030,000 teev of Jumber, 175,000,000 to 200,009,000 shinzles, with lath, sash, deors, etc., in propor- tion, and they will load in their yards over 8,000 railroad cars, and give employment to some 250 or 800 men. IN THE SALES of the weck were Lots 2 and 9 on Ozden avenue, southeast corner of Rockwell street, $5,000; 25 by 110 feet on West Taylor street, east of Caual street, improved, $1,550; 29 by 102 fcet on Car- roll avenue, northeast corner of Elizabeth strect, $2,800; 48 by 111 feet on Hoyne avenue, north- west corner of Congress street, $3,000; 2¢ by 120 feec on West Madison street, near Centre avenne, improved, §10,000: 25 by 125 feet on Wentworth avenue, south of Thirty-first street, improved, $2.500; 24 by 110 feet on ‘State street, nosth of Polk sreet, $4,790; 25 by 110 feet on South Dearborn street, south of Thirty-first sireet, improved, $3,800; 100 feet on Park ave- nne, vear Fitty-first street, improved, $2,000; 20 by 125 feet, improved, on Brooks street, near Ellis street, $6,000; 25 by 100 feet on On- tario street, near North Market, $2,500; 30 by 100 fect om West Washington street, near Unton, 53,000; 25 by 1103 fcet on South Hal- sted street, south of Nineteenth, $2,500; 25 by 174 feet on Wabash avenue, northeast corner of Thirty-third street, $3,333;.316 eet.qn Michigan . ‘nUrlh\f!'st’cgrfl’uf'flf MdtiTe *Hvenue To' terrdcey the aliey. $59,000; 26 by 100 feet on Archer avenue, south of Twenty-tirst_street, $2,335; 33 b {eet, improved, on Indiana avenue, ¥y south of Sixtecath- street, $15,0005 25 by S6 feet on Oak sirect, southeast cornerof Townsend, $2,930; 74 by 126 feet on Hoyne avenue, morth of West Adams street, §6,500; and 23 by 115 feet, imuroved4 on West Fortleth street, south of Fulton, $2,550. E. 8. Dreyer & Co. sold cottage and lot on Chestrut street, near State, for $1,200; 483¢x150 on LaSalle street, 150 feet south of Grant street, west front, for §125 per foot, cash; the north- east corner of Huron and Dearborn avenue for $125 per foot, cash; also eight lots i their Stocis-Yard Subdivision, on Ashland avenueand Forty-eighth street, for $200 each. i REAL ESTATE. . The following instruments were tiled for rec- ord Saturday, March 7: CITY PROPERT ‘Western av, near n e corof Nineteenth st, w f, 28x100 ft, dated Jan. 8 (G. W. Armbruster to C. F. Lichtenbers) $ Bremerst, u e corner of Elm st, wf, 50 X100 i, dated March (4 Eii B. Williams 10 oses IL Naoer) .. or seess Dominick 5t, s e cor of A st, triangie of 144x120x83 11, improved, dated March 8 (John Landwer to Fred Biermann).. Superior st, 72 it v of Townsend st, n f, 48x100 ft, dated March 6 (Lymen C. Tomlinson to James Low) ... .. o Dussold st, wof Jefferson st, n f, und 5 o 73 ft, dated March § (John Houska to Conrad Houska)..... West Monroe st, 10 fc w 0! Lincolnst. o - 1, 243125 11, dated Marcn 7 (A C. and W.S. Eilioct to Charles E. Converse) .. Huron st, n w cor of St. Clair st, 8 f, 143 XIC9 ft, dated Merch 7 (Lucy S. and Ebenczer Buckingham to Mary D, Stur- 500 1,950 1,400 38,000 Wof and 1, 50x133 1, dated July 35, 1878 (Ho- & ‘mer Potwin to &, F. Rust Warren av, 175 4-10 It ¢ of Kobey at, & f, 25X1251t, dated Marcn § (Abial R Aboott to Abizail D. Willcox) ... 2,000 Warren av,” enme as the above, dsted March 7 (William B. Wilcox to A. R. Kramer st, 201 ft e of Union st, s f, 35573 ft. improved, dated May 1. 1875 (Theo- dore feid 10 Martin Schaiutz) 5 Kossuthst, 204 It ¢ of Murray st, o . Lots and 4, dated Feb. 4 (Ada L A. Binniug to Patrick Walsh) . Kossuth st, 214 ft ¢ of Murr: st X121 ft, dated Feb. & (Ada I A. Diine ning to Adam Coursths) ... > Hastings st, Lt ¢ w of Paniima, s 1, 144 X124-qt, With 44 otlier lots near the avove, dated Feb. 22 (James Stinson to the Kentakey Land Compauy). ... ...... North Dearborn st, 47 ft 8 of Gocthe, w T, 22 6-10x1303; ft, improved, dated March 5 (Frederick Lebman to Faul Rothbarth) Dickson t, 354 f 8 of Blackhawk, o, 21x137 6+10 ¢, dated March 5 (0. and ° 0.°G. Olsen to Tobias Samuelson)..... 1,500 SOUTH OF CITT LINITT WITHIN A RADIUS MILES OF TIE COURT-ROGSE, O ETER McKibben st. n w cor of Forty-sixth t, ef, 275x125 ft, dated March 3 (Robert Douglas to L. Upton)....... . Calumet av, between Sixty and Syyty-firs 8L W 8, 75X178 ft, dated Marca 3 (Rob- ert Doutlas to Edward L. Upton), .. Drexel voulevard, 8 wcor of Forty-fonrih st, e f, 901:x1G0 3-10 ft to Couage Grove av, dated Feb. 22 (James Stinson the Kentacky Land Company).. 2 SUMMARY FOR THE WEEK, - The followin} is the total amount of suburbau transiers_within a raams[o?tge:’;fi miles of the Court-House filed for record dur- ing the week ending Saturdav, March §: City sales, 80; consideration, $247,196; porth of at) limuts, sales, 1;_consideration, $900; south oyt city limits, sales,17; cousideration, $19,301 ; est ‘fr city {hmfifh sales, 8; consideration, £4 6o “Total sales, 101; total consideration, $3; U sl 1 ration, $331,041 BUILDING PERMITS of the week were those to Michael Ni two-story brick store and dweiling oo raac street. near Armour, to cost $2,5(k)- to the Chi cago Foundry Company for a building 150: corner of Redfield and Stein stroets: to cost £4.000; W. Newee, for a two-stors dwelling at 765 Aliport, to cost §2,000; ‘to, Fairbank & Co., fora threestory bwilding on Blackel] year Rightcentl street, to cost $3,0003 to £, Wells, for a three-story stone-front, dwelling at 331 Wabash avenuc, to cost $3,000; to Marion Magee and L. Tree, for o four-story store on Lake, near LaSalle strect, to cost 510,000; to Martin Kesel, fora t tory dywelling at 753 Allport, to cost $2,000; to Cnartes Henley, for a two-story dwelliug and store ,on TFisn, near Eiehteenth street,” to cost $2f to Isaae H}:fl'en, two-stors stable und dwelling at 883 West Adams street, to cost $2,000. Those who are planning for an ELEVATED RAILROAD 1IN CHICAGO Will look with fnterest on the effccts of this 50.000 7,500 715 - 2,405 50,000 Tenue and New avenue property maind = Madison_ avenae houses commanden mor: }}; prices. The lots on New ‘avenue nng 0, Hundredth aud - One Hundred ang. poce streets went off at very low fignre; v The Evening Post _believes the present year wa be a memorablaone in the history of New Yorg, growth. Thie probability Is that more dwenia® houses will be' builtin that city during 1379 than have been erected during any p“flm'“ year. This is chiefly duc to the infiuence of the clevated roads. The general feeling smong al] business men s that thie bottom has been rogeh. cd. It cannot be said that the real-estate may. ket is fairly open yet, but the feeling of confi- dence that exists between bayer and seller, and between owner and tenant, indicates Lh'az a fresh and wholesome impulsa is felt in all bugt: ness connected with real estate. At present in- quiry with reference to real estate and dwelline. ouses by persons now living in New York gy ists living in other citics, who wish to take ad- vantage of the effects of the elevated roads, A Chicago architect, Mr. Chirles M, Furst Was_one of the successful competitors for the awards offered in New York for the best PLAN OF A TENEMENT HOUSE, to be builc on the reeulation New York 1o, 25x100. ‘The first prize was won be James E Ware. The straits to which builders of tege: ment-houses are put by the size of the Newy York lot is shown by the fact that M. Ware hes to rely upon a light-shaft only one foot wide for lighting and ventflating the inside rooms of his” plan. The four plans that took the orincipal prizes have the same genera] plan. Each accommodates four families on g floor; each has two suites of three rooms in froot; and all but one have the same number of rooms in the rear. Each has a central hal} midway in the building; each has an open court in the rear and two small courts on each side jn the centre of the plot. In each suite thereis 3 middle room which is Iizhted either by a well or indirectly by the rooms on each side. In thres of the desizas the water-closets are in the ceps tral ball. The committee in charge of the plaos state in their report that in their view it is impossible to secure the requirements of physical and moral Dealth witnin the narrow and arbitrary limits of 2 25x100 Jot. Nevertheless they'say that many ot the plans arc an improvement on the exist. ing tenement-houses of New York, not exclnd- ing in comparison those most recently built. * MR. FURST'S PLAX was for three tenements on a floor, every room ‘having direct tight and air either from thestrest or from courts. The courts are large; ope at the side 9x45 feet, and the rear court is 12x35 The entrance to the building is through a vanlt. ed passage lemllnghtu a court from which the stairways rise. The front tepemeunts haye an excinsive stairwsy. The advantages of this plan are the saving of room and the greater siza of the courts by the substitution of the vaulted passage for the conventional front-door en- trance, and the direct light and air it gives the occupant. The latter result was not achieved by one of the other combetitors. ‘The Peabody Fund, of London, has now in. vested in lands and buildings in London about $2,500,000. This represents 2,500 dwellings for familics, with a population of about 8,600. Tha average rent of one room is 62 cents a weck, the lowest being in Shaawell at 50 cents, and the highest in “Biackfriar’s Road, Stamford street, aud Pimlico at 75 cents & week. The aversga cost of two rooms is about 81 a week, and of three rooms abous $1.25. The average rent of euch tencment or family-dwelling is $1.08 a week. These buildings pay a net profit oyerall expenses of 3 per cent. . BXCESSIVE TAYATION. Taz TROVONE has frequently called atteption to the tax-eating villains who manage to Hlect themselves to office in the Town of Lake. No man without a substantial income from other sources can afford to own property in that town. Every half-dozen years they tax the life out of all values,'and"in many cases 8 man must pay for his property twice or Ioose it. In the com- murication that follows the first instance given i3 in the Town of Lake. The author, oneof our Teal estate dealers, heads his article *Death and Taxes,” and ssys: f To the Tditor of The Tribuné. Cnicaco, March 8.—Thete 15 3a oia saying there is nothing sure but desth and taxes. poor devils who are go unfortudate as to own Chi- cago real estate are heginning 1o fecl that of tha 10 evils we prefer the former. I have been Jook- ing up some figures and statistics connected with the taxes and incomes of Chicago property, and that We Jmnown and which I think oughs to be understood by every taxpayer .in Chicago. Turzot, a wik financigr. called taxiag ¢! the art of pinching thy Iz . making hier ery.” We Chicago faz- eylng geese have been, and are mow being, inchied to such an extent that’we will cry very lund if taxes are not reduced. in the last five o six yesrs our money (or the representative of vals c:lled money), the profit on ools soid or manu- faciured, rents, wages. and incomes of all kinds have been reduced 50 per cemt, but our taxes are as hign 53 ever. Thero is mo shrinkage in them. I will stats a few facts inmy own experience. Abont seven years ago 2 loau agent that I represent indirectly, jonned avout $2.000 on forty acres in Sec. 17, T. 88, it. 14. Three years afler we were obliged 1o increase toe loan te 53,000 in order to_pay the ac- crued taxes, which then amounted to $3,000; last year we were obliged to forectose on this propertr, ind found taxes accrued to the amount of full 5,000 more; in_short, where we made loaa of $2,000 seven years ao, We were obliged 10 payia addition to Lhe original joan 5 FULL $6,000 IN TAXES in order to save the title. This property is worth apbout S12,000at a fair valuation, and is taxed ¥1,000 per year. Icoilect rents and pay tases on the following property which I here note 8sa samole of the’ proportion of the tax to the income: North b of Sub-Lot 1of Lot 6, Block 21, fractional Sec.15,T.39, R. 14, upon which there is a two-story frame 'house, now rents for $l4d, and is taxed $111.20 per year. leaving a bslance to the landlord of about $30. How {8 that for gnod producnve property? Sub-Lot %, Block 43, Canal Trustees' Subdivision, Sec. 27, Town 39, Rauge 14, npon which there 18 a 2-story and basement house, now rents for $306 per year, and the tax is $91. South twenty feet of Lot 2, of Myrick's Second Addition to Chicaxo, upon which there 13 a 2-story and vase- ment brick house, rents fur 3230 per year, and tha tax is SUS per year. 1take these pieces of prup- exty from différent parts of the city, with different kinds of improvemcnis, and yon will find that the average IS tnat tne taxes amount o fall one-t the net income. 1130 looked up all the tsxeson all the lots fronting on cne street for one block, and estimated the total amoant that the buildings would rent for, and found the same average resuit. In my estimate of the annaal income in rents [ deduct 5 per cent commission for collecting, 10 per gent. for rents not collected, and 10 per eat foF repairs, think T can prove to the satisfaction of auy perdon who will tuke the trouble to investigate the matter with me, tnat the average tax on Chicago real estate, improved, s fall ONE-THIRD OF THE NET INCOME therefrom. If tnat is a fact, I will here ventor the assortion that there never wasa commanity of people taxed to such an extent in the history of the world. Why, the old feudal dues which monarchs bad the power to exact were smallin -comparison. Thetrouble is, five or six yearsago, the income from productive Chicago property Wad double what it is now, and the taxes are the same; one has shrunk and the other hasnot. The whole system by which onr taxesare asscssed and collect- ed is expensive, troublesome, and upjust. Any boy that h2s receved a common-2chool education can et up a better system. Any gentleman who has had the misfortune to be obliged to go to tnat cir- cumlocution office on the North Sice to par ‘his taxes, during the last iwo or three years. will ro- member how long they were forced 1o wait, and how many clerks were idle while they were. waiting. ° I remember_ on one occasion was obliged to wait three-quarters of -.aa hoar for a receipt for some lyde Park taxes, and while [ waited I counted four deiferent clerks who stepbed up 1o where I stood and asked me if they could wait upon me, establishing the fact tbat four inen haa nothing to Go at_the same time that it took threc-guarters of nn hour to get a recelpt throueh the mill. The expenses of collecting the taxes certainly can be reduced ope-half, sud the Cost of the assessment can also be reduced one- balf. Infact, itis notnecessary ‘to asiess more toan once in ve yoars. Something. must be done to redace the taxes. We certainly cannot expect the people to stand the present excessive taxaniod. We mustmark every Alderman or other repre- scotanve who yotes for one gingle dollur’s uncess essary additionz] abpropristions or increase O salary. Every policeman, fireman, or other city cmploye can live ou 5600 a year now as well 84 they could five years ago on S1,200, and every rep resentative or city employe who asks for an fl; crease i the face of to¢ circomstances hs g0 *‘cheek enough for s army mule.” 1 hove JOU will pardon the inelegunce of the guotation. for 1t is one of those things which refined langaice I inadequate to cxpress. In the matter of the : last installments of South Park tax they shof not be collected. 5 NOT ONE DOLLAR should be expended for additional jmprovements. Keep in order what is_already completed, sud P’E the Interest, and let the resi go for the presen The people’ cannot afford the Jugury. History shows that full one-half the wars and redel 'L s which have occnrred in the world bave been 0¢- casioned direcily or indirectly by excesaive 1833 tion, und our Government, municipal and gezemly 1 In greater danger to-day from excessive 153 than from any otner source. In looking up £ hustory of taxation 1 find, as far baci a3 Lhe 8! teeth Century, and durinx the '”i'a'“ of some of 1 most dissipated, extravagant, and tyremesl Ton urchs, the tax On incomes rarcly exceeded foff shillings (o the pound, or one-Gfth, sad the PP then o several oscasions muace it so ** fively {0 the crowncd heads that they were glad o e Ve in Chfeago pay one-third of u < from improved vroperty in tases, Those poit devils who own unumproved property are nowhere; we don't notice them; they are too podr o be 19° . ticed, § IOT 88 oy G, Lay the suburbs is very active, and even by capital. * Dave found some facts which may not be generally* f e