Chicago Daily Tribune Newspaper, January 18, 1880, Page 6

i H i | * and 484. Stocks Decline and Then Become _ Very Strong. Outsiders Beginning to Buy with Confidence. Government Bonds Steady—Foreign Ex- change—Local Securities. The Produce Markets Less Active and Steadier. Ko Great Change in Priees—4 Great Decadence in Hog-Packing. FINANCIAL. ‘Stocks were strong and active after the open- ing, which hardly foreshadowed the upward movement with. which the day closed. Out- siders are reported by the Chicago brok- ers. to be buying with increasing confi- ence. Louisville & Nashville opened at 9814, sold up 10 100 at once, receded to 994, and continued fluctuating between that figure and 100% till near the close, when it suddenly shot up on a few transactions to 105}4,where it closed. Kansas Pacific sold at first’ at 100, de- clined to 99%. At the second call it ran from 101 to 106, and closed at 103%. These were the greatest changes. Lake Shore advanced %, to 1014; Northwestern %, to 94; St. Paul %, to ‘Tt; the preferred 34, to 1024; Hock Island \, to 1524; Union Pacific 1%, to 5%; CC... & L X, to 9%; CC. & LC. 3H, to 2H; St. Joe X, to 38%; Delaware & Hudson ¥, to 76%; Canada Southern %, to 73; Kansas & Texas 13i, to 43%; Wabash }, to 43%; the preferred ¥, to 68; Min- neapolis 3, to 47; Western Union 13, to 104%; Atlantic & Pacific %, to 424; Reading hi, to 07%; San Francisco 2, to 4334; the preferred 3, to 54! Northern Pacific 3, to 35%; the preferred 4, to 59; Lake Erie & Western 44, to 30; Sioux City 2%, tw 414; the preferred 2%, to 79. _ ‘The losses were Chesapeake & Ohio ¥{, to 22 the second preferred 14, tot; Terre Haute to 27; Mobile & Ohio %, to 25%; Pacific Mail 1%, to 4245; Morris & Essex 4, to 104; Jersey Central 3g, to 82%; Lackawanna \, to 86%; St. Joe pre- ferred 3, to 68; Iron Mountain 34, to 531; Ohio & Missiesipp! 3, to 30%; Erie preferred %, to 70; the common 4, 10 4348; Alton X, to 107; Ill- nois Central 34, to 102%; Northwestern preferred 24, to 1064; and Michigan Central %, to 0%. For Louisville & Nashville, at the close, 111 ‘was bid. The secret of the sudden demand is the fact that a large firm have been caught short of a heavy block of the stock, and began to purchase desperately to cover upon realizing theirscrape. This transaction will remind the street of the corner in Northwest some years ago, when tho price was pushed up to 230. Hous- ton & Texas was in demand at the close at 6514. Erie second 6s opened at 883, ranged between 8814 and 8%, and closed at 83. Railroad bonds in New York, on Thursday, were less active, with a reaction in prices in sorse instances. Mobile & Ohio first debentures fell off from % to 73%, fourths, from 39%; to 38153 Chesapeake & Ohio firsts series B from 69 to 67; do currency 6s from 48X° to 42%; Eric consolidated ‘seconds from 853%{ to 8744; do funded 5s. from 8315 to &; C,C & LC. incomes from 43!3 to 41; Iron Mountain seconds preferred incomes from ‘1 to 70; Rome, Watertown & Ogdensburg firsts from 64 to 6314; Texas Pacific incomes from 7734 to 26; and Boston, Hartford & Erie firsts from 59% 1058. The last named recovered to 58% at the close. Kunsns & Texas firsts were steady at 98, bué do seconds fell off from 61% to 59%, and- closed at 601%. Kansas Pacific incomes No. 16 cold at X@83, against 78% at the close Wednes- day. Indianapolis, Decatur &Springfleld seconds rose from 70 to 7244. Government bonds were quict. The 4s were 1013; bid and 101X asked in New York. In Chi- cago they were 10{%bid and 10!% asked for large bonds, and 105forsmall bonds. The 4%s were 10714 and 107%; the 5s, 103% and 103%; and the 6s, 10412 and 104%. Foreign exchange was in more liberal supply, with no pressure of bills. Posted rates for ster- ling were 482% and 485, New York actual were 48 and 4832. In Chicago they were 481@iS2{ Sterling grain bills were 480@190%. French posted rates were 421% and 5174. Docu- mentary bills on Paris were 525@523%{, on Ant- werp 4261, and on Havre 525%. German bank- ers’ marks were 6 and 9X, and commercial were 91%. Chicago bankers were shipping currency to New York in large amounts. Exchange sold between banks at 75@S0c per $1,000 premium. Loanable funds are accumu- lating. Bank rates are 7@8 per ‘cent, and strect rates 6@7 per cent. ‘The clearings of the Chicago banks for the week are reported as follows by Manager D. R. Hale: Clearings. Balances. 41S “$ S548 Ana oRtees Ee At the Chicago Mining Board there were sales of Leviathan, 100 shares, at 3734; Silver Cliff, 700 nt 65; 500 ut 5%: 500 at 60. The following quotations were made: Did, B36 Oris ¢ Consolidated Paciti Boston Consolidated Silver Ciir. 0: Lincoln, Park North Chicavo Railway 7. First National Bunk, ditt National Hank Commercial National Merchants’ National Bank... if & o Lz Hlgsiy Na Watch Rerh Chicaco Rolling-Aulls airaders’ Insurance Comoan' Cc mIDerce.. [nter-Stute Industrial Bxpostiio 04 Cotton was weak, opening at 12.95¢ for Febru- ary and 13.18¢ for March, and closing at 1292¢ and 13.15¢. * The gross earnings of the Northern Pacific Railroad for December, 1870, were $108,518, and December, 1878, were $62,470, an increase of $6,- 348, : New York, Pennsylvania & Ohio railroad {Atlantic & Great Western) stock is selling in New York at 10 to 12. ° New securities which have been admitted to the Stock Exchange list by the Governing Com- mittee are: © First and second mortgage bonds of the In- dianupolis, Decatur & Springfield Railway Com- any, Successor to the Indiana & Mlinois Central lirond; the firsts are for $1,800,000, with $1- 500.000 issued, and the limit fixed ‘by’ resolution at that sum. maturing in 1906, bearing 7 per cent interest: the seconds ‘are §2.650,0%) in amount, convertible into stock after Jan. 1, 1885, with the first ten cou pons payable only out of net.earn- ings, but to be paid in scrip if net_carnings are ‘Insufficient, and have thirty years to run, ‘The stock, of which very little is issued, is $500,000. Also, the stock of the Deadwood Sfintag Com- pzny, 100,00 shares of nominal par valuc of $100, organized under California law, and the prop- erry located in Whitewood Mining District, Law- rence County, Dakota, This iz tioned a few' days since us deel monthly dividend of % cents per shure. situated on the Homestake Vein and under the same management. Also, the stock of the Cumber- Jand and Elk Lick Coal Company, of Myersdale, Somerset County, Pa. The stock is $1,000, divided into 10,000 shares of $100. ‘There is a bonded debt of $100,000. Property of the com- pany, 1.590 acres bituminous coal-land, connect- ed with the Salisbury Kailroad and the Pittsburg Division of the Bultimore & Ohio Railroad. The American Union Telegraph Company has made a contract with the Penusylvania Railroad by which it obtains the right of ‘way along the railroad Compauy’s lines, also the privilege of placing wires upon the poles of the railroad Company. The telegraph Compuny also acquires the mine men- its first * the use of the wires, offices, and operators of the raflroad Company. This contract secures to it betreen 4,000 and 5,000 miles of wire, reaching Philadelphia, Harrisburg, Pittsburg, Cincinunti, Chicago, and all other centres of trade, with the Offices fully equipped and ready for the immedi- ‘atc transaction of business. John W. Mackay, while conversing with friends on the Comstock since his return from below, says the Gold Hill News expressed the opinion that the “lowest point,” at which every one wants to “ get in," had been passed. ‘The dividends of the Belle Isle, California, and THE CHICAGO TRIBUNE: SUNDAY, JANUARY 18, 1880—SIXTEEN PAGES Consolidated Virginia for December have been passed. : TRASK & FRANCIS, ~ > Bankers and Brokers, 7 BROADWAY, N. Y. ‘Members of the New York Stock Exch: ond New York Mining Stoce changes, = Allclasses of Securities Boucht and Sold on Commis- sion and Carried on Margins. Dally Market Letters sent to Customers. THE FIRST NATIONAL BANK OF CHICAGO Has for sale a large lne of choice 6 and 7 per cent Rallrosd First MORTGAGE BONDS. . .. Milwaukee & St. Paul Ists, bearing 7 per cent, due in 198, are for sale at 1074 and interest. WATSON, LA GRANGE & GIBSON, © Wal-st., 34 Pine-st. New York, | ‘San Francisco, BANKEHS AND BROKERS, Special facilities and advantages in furnishing LEGITIMATE MINING INVESTMENTS. Inquiries cheerfully answered.“ SELL YOUR UNITED STATES BONDS And secure a handsome premium, and BUY COOK COUNTY OR WEST CHICAGO 5 PER ‘CENT BONDS, An equally good security, bearing higher rate of interest. CHARLES HENROTIN, + __105 Washington-st." BY TELEGRAPH. NEW YORE. New York, Jan. 17.—Governments strong and generally a shade higher, 4 Railroad bonds strong and higher. State securities,dull and nominal. ‘The stock market was irregular throughout the day. Louisville & Nashville advanced from 98 to 106,and Kansas Pacific from 99% to 106. The former reacted ‘to 105%, and the latter, to 105% at the close. The’ general list declined %:! to 2 per cent in tho early dealings, but sub- sequently a strong tone. set in and there was'an advance of % to 3 per cent,—St. Paul & Sioux City, Western Union, Kansas & Texas, Nashville Chattanooga & St. Louis, and Union Pacific lead- ing the forward movement, At the close there was a fractional reduction. Central Pacific stock, quiescent for many Laas was Did ‘75 to §6, but without any sales. ron eer 840,000 shares: 1,600 Atlantic & Pacific Telegraph, 1,000 Canada Southern, 12,000 Cee aap ee tudsans, Central,’ S00) cago & In ; Seinware’ Lackswanna _& Western, ” 27,000 Erie, 15,000 St. Joseph, 1,400 Houston & Texas, 2,900 Indianapolis, Cincinnati & Lafayette, 4,000 Tron Mountain, 2,000 Ilinois Central, 3,800 Kansas Pacific, 41,000 ‘Kansas & Texas, 10,000 Lake Shore, 1,200 Lake Erie & Western, 7,000 Louis- ville "& Nashville, 2,500 Marietta & Cincin~ nati first preferred, 3,000 Michigan Central, 1,500 Mobile & Ohio, 18,000 Northwestern, 2.700 New Jersey Central, 5,300 Northern Pacific, 3,200 & Mississippi, 000 Pacific Mail. 1,000 Ohio & Mississippi, 28, 0 Facto at te icksilver, 320 Reading, Sersuis & ‘Sun ‘Branciseo, 4200 St. Paul & Sioux City, 19,000 Union Pacific, 21,000 bash Pacitic, 47,000 Western .Union, and 1,100 Pitts- burg. "Moncy, 4G5 per cent, closing at 5 percent. Prime mercantile paper, Sterling exchange dull; 60-day, 482%; sight, ‘Tho following is the weekly bank statement: Loans, increase, $874,800; specie, increase, &,- 085,100; legal-tenders, increase, ‘$1,816,100; de- its, increase, $5,736,000; circulation, decrease, 177,000; reserve, increase, $2,217,425. ‘The banks now hold $6,027,825 in excess of their legal requirements. . GOVEEBNMENT BONDS. 1054; New 43, coup.....- Packie 63 0f "5... STATE BONDS. Louisiana 74s, consol. 4534: Virzinia... ‘Missouri 6s. sj New... Consol Deferred (offered) Be STOCKS. \Hannibal & St. Jor |H. & St. Joe, pid. oe Be bs Eat ‘Houston & Tex: Western Union. iii !Atlantic & Pacific Teb £2 04 ;Pacitic Matt... ‘THigLittie Pitts! ‘Reading... 6ss Adams . American. ‘United stat |Quicksiiver. Quicksilver, pid By Lendwille, Cc. P. En Northwestern. Northwestern, pid... ‘St. Paul... St Paul pi $t. Paul & Minn.. St Pan! & Sioux Cit SUPL& fe Begquassday 4S Fy 154.0. P. lund. U.P. sink. funds (ofa). ‘Lehigh & Wilkesb: St. P. & S. C. tirsts. Parse Be ‘3 {Erie seconds. B.C. It & N. 58 [Central Arizona. 1 Alton & ‘Terre Yinute: 2% |Carit # ‘A, & T. HL, preferred. 2, |Homest Ft 0 Wabash, StL. & P.... ‘Standard. W. St LS P. pfalc: gf FOREIGN. Lonpon, Jan. 17—5 p. m.—Cansols, 97 13-16. American securities—New 5s, 10555; 4148, 11024; 48, 10735; IMinois Central, 107; Pennsylvania Cen- tral, Erie, 461: seconds, 91; Reading, 38. The bullion withdrawn from the Bank of En- gland on balance to-day, £30,000. Panis, Jan. 17.—Rentes, Slf 70c. MINING STOCKS. g SAN FRANCISCO. San Francisco, Cal., Jan. 17.—The following are the closing quotations at the Stock Board: . 12, Consolidated Pacitic. Californi s Argenta. Ghollure Potgsi Set Consolidated Virginia BiB Grown Polat. soa bi Somme COMMERCIAL. ‘The following were the receipts and shipments of the leading articles of producein thiscity during the hrenty-four hours ending at 7 o’clock Saturday morning: SHIPMENTS. 3 16] 100 S ee 204) 1.057 Withdrawn from store during Friday for city consumption: 1,145 bu wheat, 18,949 bu corn, 956 bu oats, 2,896 bu barley. The following grain was inspected into store wheat, 3 cars mixed, 2% cars No. 2 spring, 45 cars No. 3 do, 14 cars rejected, 6 cars no grade (5 wheat); 114 cars No. 2 corn, 55 cars high-mixed, 103 cars low grade (272 corn); 11 cars white oats, 10 cars No. 2 mixed, 6 curs rejected (7 outs); 7 cars No. 2 rye, Tears No. 3 barley, 8 cars extra, 2carslow-grade. Total, 418 cars, or 198,000 bu. Inspected out: 21,811 bu wheat, 191,429 bu corn, 831 bu oxts, 511 bu rye, 1,229 bu barley. ‘The following were the receipts and shipments of breadstutfs and live stock at this point during the past week and for the corresponding weeks ending as dated: ‘ Jan. Jan. 10, Jan. 18, Recetpts— sw. “3990. * * “1ss9. 2.610 60,983, in this city Saturday morning: 2 cars winter ‘putsteadier, The volume of busi- phen y Jess in most departments, and at aslightly easiér range. The markets seemed to depend chiefly on wheat, which was steadied by advices of less weakness in Liverpool and New York, which induced many to think. that prices had declined about as low as they would for the present. There were, however, too many sellers to permit much of an advance anywhere. The receipts of grain were larger, and expected to inerease-now that there is more room hero and & prospect of better roads in. the country. The movement from the farm has been yery light for’ two. or three weeks past, owing to the mud. Mess pork closed steady, at about $12.00 for new, seller January, and $13.00 for February. Lard closed steady at $7.50 for new, seller January, and $7.624@7.05 seller February. Short ribs closed at $6.57% for February. - Spring wheat closed a shade higher, at $L2 spot and $1.24% for February. Winter wheat closed .on ‘Change at about $1.23 for red.. Corn closed -}{¢ lower, at 39}¢¢ spot and 4c for May. Oataclosed steady, at 38i4c for May and 4c for seller the month. Rye was 764@i7c cash and about 76c seller February. Barley was unchanged, closing nominally at 85@86e spot and at 6c for next month. Hogs were in good demand, and prices were firmer at $4.25@4.40 for light and at $4.30@4.75 for heavy. Cattle were steady at $2.50@5.10 for poor to extra. - ‘Tho dry-goods market had no specially new features.. Trado was all that could be expected, and the tone of the market was as firm as~ be- fore. Boots and shoes were ‘quict, with prices showing nochange. There was a well-sustuined movement in the leading staple groceries, and a fair inquiry was also noted for side goods at fully previous prices. No changes were appar- ent in the dried fruit market. Trade remuins quict at firm prices. Fish were firm. The de- mand for butter and cheese continues good, and pricesare firmly supported. Nothing new was developed in the leather, tobacco, bagging, and -pig-iron markets. Oils were quiet and steady. Coal was quoted dull, and values were unsct- ‘tied. Lumber was, steady and rather quiet. Wool was unchanged. The salesof hay were again. light. Broom-corn sold in a small way ‘from store, and was quoted firm. Dealers are carry- ing a fair stock, but supplies elsewhere are be- lieved to be short, and a good trade is expected carly in the spring. Dealers wero taking hides at quotations, but reporta dull market East, and say they are carrying mostof the stock. Seeds were quiet, except timothy, which was in fuir demand for shipment East, though a shado easier, more sellers being on the market, which made buyers hang back a little. The strect was liberally stocked with poultry, which sold freely to the local retailers and canners at former prices. Green fruits wore in moderate local re- quest, apples being easy. Reigel, of Paris, France, is very bearish in his circular of Dec. 31. He says France has already covered three-quarters of her deficit of 18,000,000 to 20,000,000 hectolitres, including wheat already headed for French ports. Thisleaves but one- quarter to be supplied during the next eight months. The other importing countries also show bearish condition of things, . England, with a deficit of 48,000,000 hectolitres, has re- ceived about 26,000,000, or a little mora than one-half, while Belgium, South Germany, Holland, and Switzerland have imported corre- sponding percentages, and Italy and Spnin have been largely supplied from Russia. The wants of Western Europe were about 90,000,000 to 95,- 000,000 hectolitres, of which 55,000,000 have been received, leaving 40,000,000 to be obtained. Of this, Russia and the Danube can furnish 10,000,- 000; Austro-Hungary, 2,000,000; India, Egypt, Australia, New Zealand, and South America, 0,000,000. ‘Total, 22,000,000; while North America has yet a surplus of 30,000,000 to 35,000,000. Europe has, therefore, no longer to solicit im- portations by an increase of prices. It remains to America to seck 1 market by a radical chango of tactics. This cannot long escape the sagacity of Americans. There may be cliques in that [this] country who believe that by holding mill- ionsin store they can dictate prices; but that has been tried in other countries with a loss to the would-be monopolists. PROVISIONS. HOG PRODUCT'S—Wero rather quiet in the aggre- gate, with less change in prices. Meuts were steady, though 6d lower in Liverpool, and there was a fair ex- portdemand. ‘The trading otherwise was chiefly in local changes. The packing of this city to date since Nov. 11s reported at 1,617,000 hogs, against ‘415?,500 to same date Inst year, the great falling off being chiefly due to the recent strike. ‘The packing at other points, however, shows a decrease, Kansas City, Peoria, Cin- cinnatl, St. Léuts, and Milwaukee all returning less thana year ago, while Louisville, Cedar Rapids, Des Molnes,and Atchison show a small increase. ¢ It is noteworthy that we have in stock some 15,000 tons of Pork and Jurd more thun a year ngo, with a falling off w the extent of only 18,500 tons in meats. Itis fair to infer that the higher prices of provisions have se- rlously lessened the outward movement. <A rough estimate gives the vuluo of the product on hand as 218,700,000, against eur DEO. MESS Pditk—Sold up dc, down {0c, and ‘closed a shude below the latest prices of Hridiy, at $12.57 12.80 for seller January, or spot, $122.974G13.0) for Feb- tuary, und $1312 for March. Sales wore reported of 620 brin seller Februury at $12.95G13.008; 29,250 bris seller March at, $13. 2¢; and 70 bris seller Aprilabsitens, ‘Total, dia pris. 12D—Declined 5c per i0) Ibs, and closed about the same as the Intest prices of Friday, at £7.55 for cash or seller January, #.0ke7.3¢ for Fobruary, and §7.08 z Sales were reported of 250 tes spot tes seller Kebrunry at 7.0 3 a‘fsir movement on iocal account at unchanged prices. Sules were reported of 40) boxes shoulders at B30: x and short, cleurs at 6.10; 100 xs Staffordshire middles at £7.00; 200 bxs Staffordshire hams on private terms; 50 bxs long-cut do at Sige; 200 tes sweet-pickled hams at 7@Se; 173,00 Bs ercen homs (16 s) at Te; 20.000 ms do C0 fs) at Ge: 100 bxs short ribs at $4.70; 1,400,000 Ds do, loose, ut sW spot, Fae soller Februnry, $6.02426.6i34 seller March, and g.211¢ for April. Prices for the leading cuts werd about as follows for partly-cured lots: \Short Shout=|L,a S.j Shore .| ders. lclears.|cleurs. Loose... «I$ 6503 4.15. [F 665 Gs 45, 6.85 css 450 | Geol 7.00 _Shortribs,seller Februurs,closedatem24G653. Long glearsquuted at si.t24¢ loose und 6.0215 box lands, U4@si4c boxed; long cut hams, S4@s wee pickled ted at SesHfe Tor. tei avers green do seller Febi lers, BEG for of shirt ‘Cleats, Ssgelle for m8, all.canvused and packed. GREASE—Was goles At GGEXc for white, 54@534c for Rood yellow, and tg@dc for brown. BEEF—Wias quict av Wy Zor’ mess, £9.0069.25 pare ho Oe .OW—WWas quot at 6h efor. an foreountry. ger are BREADSLUFFS. FLOUR—Was very dull, buyers generally holding off fgrlower prices. There was, however, one trans- action of 3,000 sacks on private terms to an exporter. ‘Other eales were 425 bris at $7.00@3.00 for patents. ‘To- tal equal to 25% bris. Export extras were quoted at $5.25G5.75 in sacks, and double extra do at 8.756.25. OTHER MILLSTCF¥S—Sales were 3 cars bran at $10.75 @1.0 per ton; 6 cars middlings at $¥.00G1.00; and 1 car course corn-meal at $14.00 per ton on track. SPRING WHEAT—Was less active, and steadier; {t advanced 34, declined Sc, and closed 34 above the latest prices of Friday. ‘The British markets were quiet and steady, and New York was carly quoted shade firmer, which induced a good many operators here to look for better prices at the outset. Butit was svon found thut there were henps of sellers, and the market fell off le in a few minutes, then improved, and ruled steady during the remainder of the day. ‘The demand wus chictly local, and much of the busi- ness was in changes from February into Murch. There ‘was not much new business transacted. ‘The shipping demand for the lower grades wus fair, No. 3 closing at $1.0) for gilt-edged receipts, with #24 "for car-lois of Jo. Seller Februury opened ave) 24@@125,declined to #1234, nayanced und fell back to $1246, Closing ae Sas. Serlee March munged at ssi. 125i, closing “at #135 Seller the ‘month, SIC STE anna at lad ah laa a Lay; 11,00) bu No. 3 W bit rejected at $ nt $1051 20 bi WaeiLe; und 12.000 bu by sample at TIc@FL.13, mostly on [a Sea peennes s it WHEAT—Was dull and nearly nomi: pith scarcely nny ofered, ‘Sules wore fimitad toa bured in Central ut # bu Jong-berried do at $1.81; 400 bu No. 3 at 3 +400 bu by sample at £1.25 on See sid bu do (8 D a, $1.05. pon ea bu. Also ee See sad astade nce, soe ee -N--Was dull and a shade ensier, closing }4c be- Jow the Istest prices of Friday. The British esvets were dali, and Liverpuol quoted 3d per cental lower, and there was pruspect of increased reccipts here, which dulied the edze of the speculative de- mand. Uhere was a tuir inquiry fur spot in store, but buyers were independent and would not budge an eighth, nples were slow. Seller May opened at 4ife, receded ty He, und closed at thee bide Se dithe sold at hg4¢i ge. closing at July was Uitte better than nominal at sede, March at Bae and January at Sige (c for No. 2 and 25!4c tor red OF 73,WU bu No. ‘3,000 bu new high bu new mixed at MBSE; 4,09 bu by sample at Seige s-Se freg on board cars; ald Spot sales wi PO) Zand bigh mixed at Xt {ci m Sue eee i eae: 's—Were very quict, areruzing a shade higher in sympathy with other grain and. cosing about the sume ason Friday evening, ‘The recoipts were small, and fresh receipts were a shade firmer. Samples were taken for local use. - Seller May opened ut aye, sold 10 3330, und closed at Sige. February were quiet at SH4c, snd regular vats wero nominal at sic Gilt- edxed receipts were quoted at iGsoH{e, Cash sales we@sskée on tracks an at gis Ssife free on board. morte 16,40) bu. ae roe kEgWas quiet, except'a moderate local demand forcar-lots, February was nominal at 76c, and March atic Frosh No.2 sold at w\4erre. Cash sales were Toported of 2.40) 2 at ae\carTe; - 4,000 bu by sam- ple nt Gee on truck; and 4) bu at S3e free on board. BARLEY Was quiet and unchanged. ‘There w y as some Inquiry for No.3, which was quoted firm at S46 oth, Other x grades ‘gre lifeless. pares wag quoted No. 2 ascetic. February No.2 was nominal at Sic, and do extra 3 sold at 63¢. Were scarce and quiet. Cash 3 © reporte ples ‘were reported of mn al | SON buNo. Satosgoude; 400 bu by sample et ete on rack, and 600 bu at 6%0 freon board. Total, ma. 6,500 LATER, Saturday after ald at$1.2536@! seller eatin rilemmpen mbentaald era ceed at 5 Corn was easier at sic sellers for May. Moss Rrra hues anes 9 Sas quoted ae @i.% seller March, BY TELEGRAPH. FOREIGN. Spectal Dispatch to The Chicago Tribuns. LIVERPOOL, Jan, 17—1:3) a. m.—FLOUR—No. 1, Bs; No. 2, 103, . GRAIN—Wheat—Winter, No. 1, 11s 44; No.2, 10s 4d; spring No.1, 10s 104: No. 2,108; white, No. 1, 1s 4d; No.2, 10s 64; elud,No. 1,11s 8d; No.2, 11s 3d. Corm—New, No.1, 55 534d; old, No. 187d. | ; PROVISIONS—Pork, 0s. Lard, 40s 64. LIVERPOOL, Jan. 17,—Corros—Easler at TH4@TAA; sales8.000 bales; speculation and export, 1,000; Amer- ican, 6,000, LONDOS, Jan. 17.—Suaan—Muscovado, afloat, 4s Ga. SPmmIrs TURPENTINE—At Ws 9d. ANTWERP, Jan. 1%.—PeTROLEOM—HLf ‘The following were received by the Chicago Board of Trade: ‘ LIVENPOOL, Jan, 17-11: s. m—Flour, 1061s. Wheat—Winter, 10s 4d@iis 4a; spring, 10s@10s 10d; white, 10s Gd@lis 4d; club, 1s 3dGils 8d. Corn—Now, 585d; old, 5s 7d. Pork, Ws. Lard, 40s 6d. / LIVERPOOL, Jon, 1712 m.—Wheat , quick and tendy; No.2 spring, No.3 do. 103 2d; red win- tet, 11820. Corn dil at said,” Carmoes- of const full at bs 7d, Wheat und corn dull for the United Kingdom und the Continent. Arrived—Wneat and corn steadier. ‘To arrive—Wheat and corn—Not much doing. Ite- celpts of whept the past week, 20000) centals, of which HOY eee AmEN a Hohe Se gt get 40s Gd. Bacon dull; long clear. i clear, 38. Tallow, Sra. Cheese, 11s. Beot—P. ., Losbox, Jan. 17-—Liverrt NEW YORK. New Yone, Jan. 17.~Corros—Quict at PHO. Futures dull; January, 12830; February, 2.91¢; March, 13.15; April, 13.53¢; May, 1352c; June, 1268; July, 13.780; August, 13.88¢. 4 “FLOUR—Strong; little more‘doing for export; re- celpts, 12,000 bris; super State and Western, $1.98 6.30; common to choice extra, $5.40@5.90: good to cholce, $5.00G8.23; white wheat extra, $6.2567.25; extra, $5.75@7.75; St. Louis, §5.65@800; Minnesota patent 0039.00. heat steady; receipts. 21,000 bu; ungraded do, $1.3; store un led, SLUG ‘$1.37; No. 2 red, $1-47@1.40; un~ 7 i de ale gu baa FL eres Noe de (cates dt bu) ale as Kabra ry, (sal Li4; March (: (anlss "351,000, bu) Sls + Mard saa at ‘Paglia Be g fray, Westar jor dull; receipts, 29,00) bu; ungraded, 6 Blige: No. 2, SS GOKCC; sueamaer, ‘aTes8e; old No. uary, SNKGIYC; March, sie ruary. Moderately active; receipts, ern, 47@4Se; white do, Bee. Hay—tin good demund at joc. ‘Hops—Dul! and nominal. GROCERIES—Coffee quiet and unchanged. Sugar gpict, “but fair to od refining, 7. olasses steady, with fair demand. Rice quiet, but firm; Carolina, Gin. * A ul; United, 64c;.crude, 7@7s4c; re- ed, 7. ‘ TALLOW—Firm at Gie. ReSIN—Dull eva ent’ y nf EoGs—Firmer; Western P@Ise. LEATHER—Iin buyers’ favor; Buenos Ayres and Rio Grande Hebe. middle, ana heavy weights, 21@0c, Pats gris domestic, Hees, 4i@0Se; pulled, 0@ s unwashed, 18ide; Texas, 2 PROVISIONS—Pork active and tirm;. mess, $12.75@ 1290. Beef quict and unchanged. Cut meats firmer; long clear middles, $7.50; short do, $7.50. Lard stronger; prime steam, S30, BUTTER—Gulet, but steady; Western, 1662S. CHEESE—Firm at 10¢lic. WuiskY—Nominal ntsLi. METALS—Manufuctured copper—Demand falr and market tirm; new sheathing, ot lake, 230. Pig~ iron—Demand fatr and market firm; Scotch, $3,008 qenh American, $57.50G40.00; Russia sheathing, $13.25 i At $ 5 "HAiL3-Toreeshoo, No. & $5.15@525; clinch, 83.256 z VOICE OF THE PEOPLE. Shorthand. To the Editor of The Chicago Tribune. Cmicaco, Jan. 17%.—Please answer -in to- morrow’s issue how long shorthand writ- ing has been in existence, and oblige yours truly, A SUBSCRIBER. [Nineteen centuries.] Can’t Understand It. « ‘To the Editor of The Chicago Tribune. Cucaco, Jan. 17.—Now that the time has come for making the appropriations for the year, I wish you to use your influence to have them made as large as possible, for this reason: You would suppose that by reduc- ing them, as has been done for the past three years, that taxes would be less, but nothing of the kind. Ihave lived in the same house for the past three years. My tax in 1877 was $13; in 1878, $14, and this year I have received a.postal-card to callat the Captain’s office and pay $17. Perhaps my furniture has im- proved by use, but wife for some reason does not think so, Now I think we had better try large appropriations and see if that will not reduce taxes. _ A Constant READER. ‘firm; Dangerous Holes in Streets. = fo the Editor of The Chicago Tribune. CHicaco, Jan. 17.—Is it not criminal care- lesness if the officers of the Board of Public Works are informed, as can be proved by the complaint-book, that dangerous holes exist in the middle of .t¢ roadbed of a street, in consequence of the‘settling of the ground, where the city had catch-basins built, and nothing 1s done for weeks to remove the danger? Such is the case on Clybourn avenue, atthe intersection of Willow. street. To pay every yee thousands and thousands of dollars for roken limbs, and other damages, when 2 few dollars spent in time would have pre- vented most of the accidents, is now the practics of our Democratic Public-Works oflicer. Two weeks ago Ald. Adam Meyer asked Mr. Fogarty, Superintendent of Streets, in uny presence, to fill the then existing holes on Clybourn avenue, as a fire-engine could not pass over the street. ‘‘Let the houses be urnt then,” was the reply of the Democratic Superintendent of Streets. Cin An Old Opinion of Chicago. To the Editor of The Chicago Tribune, Sparta, Wis., Jan. 16.—Inclosed find an answer toa correspondent fromthe Weekly Dispatch (London) of Dee. 16, 1866, which I happened to come across, and, as relating to Chicago, it may be of interest, especially as showing that your late statistics of the manufactures and trade of your city are very much magnified, or John Bull is a very poor prophet, and if now alive might with pro- priefy don the ass’ skin. CHARLES SHUTER. A. J. says he reads in the newspapers now much about Chicago; and he wishes to know if he should better his condition by settling there. Chicago bas increased in population and inpor- tance with wonderful rapidity since 180; but changés have beer mude in the policy of the United States within the last seven years which must check its growth. What matters it that it lies just in the highway of commerce with Can- ada and Great Britain if the Congress are deter- mined to annibilnte the trade with the Cana- diuns, and to prevent, with excessive customs duties, the use of English manufactures? An army of revenue officers at Chicago prevents smuggling; and, universal suffrage mving de- manded at the polling-booth more protection for native industry, Mr. Morrill is authorized to pre- pure a bill for further agyravating the oxcessive luties on foreign manufactures. Customs du- ties are to be increased, that inland taxation may be reduceq. Chicago will remain an em- orium for the collection of salt pork and flour, ut its general commerce must of necessity decrease. Protected by a high tariff, American wares will be too dear to suit the Canadians, and the intlu- ence of the mamufacturers will prevent any material mitigation of the fariff. ‘The Overplus of Experts. ‘To the Editor of. The Chicago Tribune, Cuicaco, Jan. 13.—The remarks of ““Book- keeper ” in Sunday’s TRIBUNE are interest- ing and suggestive so far as they demonstrate the law of cause and effect. Being myself a bookkeeper of many years’ experience, I heartily indorse his views on the subject of compensation, but so long as the same causes operate to bring about the same results, the evil which he deplores will continue to exist. We cannot blame our employers for keeping us on @ par with the “ common laborer.” In the commercial world human beings are but commodities, and subject to the same rules governing other articles of commerce: and, however repulsive it may appear to our * finer feelings,” it is nevertheless true that the commercial or financial value of any class of employés is regulated by_ the inevitable law of supply and demand. There are quite too many “experts” already. The ver- tisement referred to by ‘‘ Bookkeeper”? no doubt received scores of answers from ‘ ex- perts ” ready and willing to work for a mere ittance. If “business colleges” could Prohibited for the next fifty years, by legal enactment, and would-be “grad- uates from the plow” could be made to un- derstand that they are better off, financially, morally, physically, and mentally where they are, the bookkeepers of the second generation to come would stand some chance to earna decent living. So long as’ every boy who is old enough to read and comprehend is filled with the pre- vailing ideas as to “‘ gentility” and “ respect- ability,” and the golden opportunities of fered to every one of brains and ambition which of course. they: all possess, or think ey do) are spread ‘before him through so many avenues of communication, so long will our cities be filled with a-surplus of un- employed labor. When manual labor ceases be deg: g, and: farin-life the least in- viting of all labor; when the boys of. farmers have the good sense to remain at home, and when there shall bean end to the current cheap and trashy ‘literature at present so pular and so universal, we may hope for etter things. The millennium issurelycom- ing, but it will precede the realization of my ideas. r Gap. Garibaldi. Pa the Editor of The Chicago Tribune. Curcaco, Jan: 17.—Perhaps, in the light of the inquiry made in your Issue of to-day touching Garibaldi, a few words relative tohis life at the epoch mentioned by one in whose family hg was a constant visitor, and who has had the honor of close inti- macy with him, may not be amiss. At the tife inentioned Garibaldi was not only in need of pecuniary assistance, but in absolute*want, and, with the pride and inde- pendence so characteristic of the man, he spurned every offer of help made by well- meaning friends, ‘and finally he procured work from the inventor of the parafline can- die, on Staten Island,—Mr. Mencci. Garibaldi has never forgotten that time A pigasdat tramp on a summer’s day will ring you to the pleasant little cot- tage at Staten Island in which numerous mementoes of the great man are still kept. Mr. Mencei_ hiniself, if not a “noted charac- ter,” is a man of great inventive genius, Beside the paraffine, he discovered a most valuable method of manufacturing paper from wood. He issaid tobe the one who submitted the first practical design for the elevated-railway system in New York, and at this time he is engaged in experiments which may aid an earlier. solution of the electric- light problem than is generally expected. [tt was not very long ago I visited Garibaldi atCaprera, The man is aged in all but in- tellect. Dreamer and impractical in many theories, he may be;' but, unlike many of his class, his arm and his life have ever been at the command of independence and truth, and, unlike many others, his is an influence which will be'most powerfully felt after he has passed away.’ Atrinio B. Prati. Park Commissioners. To the Editor of The Chicago Tribune. Cxicaco, Jan. 14.—Little is said or thought by the public on the question of who shall be appointed Park Commissioner, and yet it is an office of vastly more significance to that portion of, the city comprising the Town of South Chicago than even the Mayoraity itself. There has been an expenditure for the maintenance of the South Park during the last, year ‘of $300,000, About five-sixths of this money is raised by taxation upon the people of South Chicago. ‘The expenditure is made by the Board of Commissioners of the;South Park, and is discretionary with them. The appointinent is tobe made by the Judges of the Circuit Court. Under the present management it is understood that there has been a “soft thing” for nota few of the favorits of the present manage- ment. If there is any elective office in the City of Chicago that hasa more irresponsible control over the expenditure of money, and opportunities for favoritisin at the expense the overburdened taxpayers of South Chicago, than the Board of Park Commis- sioners of the South Park, I donot know it. Certain men are seeking the appointment and all the influence of a not Very elevate political character is being moved in certain directions. Ifa rigid inquiry were instituted into the animusof an article in one of the last Sunday morning papers it would not be difficult to ascertain the jnoving § frit; and thats not ane: only cane oie a if of i tegrity, sobricty, and fair dealing, I sugges! thename of L. B. Otis or Clinton Brees. Iftaxpayers let the matter go by default, they have only to blame themselves. Z Sourn Cuicaco. West Jackson Street Improvement. ‘To the Editor of The Chicago Tribune, Cxicaco, Jan. 17.—Many of the property- owners on West Jackson street are anxious to know whether they have been tricked into a worthless improyement; for twelve inches of macadam stone, with a top dressing of. three inches of gravel, is. little less than worthless. Indeed, it has been demonstrated time and again that macadam roads -of lime- stone will not stand heavy trucking. West Polk street, from Ogden to Western avenue, is to-day a fair sample of that kind of pavement, and is covered with six inches of mud. Now, as intimated, it may be a ques- tion, whether we have had a fair deal in the matter of this improvement. To-day, wishin; tmknow who the petitioners for it are, stepped into the office where -the petition should be on file, but only a small portion of it was there. [understood from Mr. Jones, who has it in charge, that, after it had been presented to the Council, it was taken away to get further signatures; which would seem a Strange thing to do after the improvement was ordered. Now, the question is, What has become of it, and why is it spirited away? There was a petition also circulated in favor of Capt. Connett as Superintendent, in case the improvement should be made, which many, signed—myself among the number— who did not sign for the improvement; and can it be that these‘names have in some mys- terious manner been added to the list of those desiring it ?* 2 Now, will you ‘please inquire into this mat- ter in behalf of_those who are opposed to a shoddy improvement, as well as to bein tricked into an improvement of any kind? Give us a bona,fide list of those who signed for it. C. B. Carrer. Coal Expenses in the Interest of the dl ; Poor.” To the Editor of The Chicago Tribune. x TICAGO, Jan. 17.—The many people in this city who buy their coal by the basket are pay- ing at the rate of $10 to $11 per ton, while good Lackawanna coal is plenty in the city atS6 perton and under. The statutes of Illinois give no legal standard for the size of baskets. When one buys coal by the basket he takes his chances on its being a big basket ora little one.. One prominent coal-dealer asserts that the baskets in common use, when well filled, will contain from sixty-five to seventy pounds. But, if a person buys coal by the bushel, the dealer is bound, un- der a State penalty, to give eighty pounds to the bushel. Sec. 7 of Chap. 147 Revised Statutes of Tli- nois reads as follows: “Whenever any of the following articles shall be contracted, or sold, or delivered, and no special contracé or agreement shall made to the contrary, the weight per bushel shall be as follows, to-wit: Irish potatoes.. White beans. Clover seed... ‘Blue-grass seed... 55'Hair (plastering)..... 8 Sec. 8 of same chapter recites the penalty for using weights or measures which do not conform to the above standard thus: “ Whoever, in buying any of the articles of propersy mentioned in the preceding section, shall take any gree number of pounds thereof to the bushel, or in selling any of said articles shall give, any less number of pounds thereof to the bushel, than is allowed by said section, with intent to gain any advantage thereby, except where expréssly authorized so to do by special contract or agreement to that effect, shall be liable to the party injured in double the amount of: the property’ so wrongfully taken or not, given, and S10in addition thereto, to be recovered in any form of action, in any court of competent jurisdic- tion.” Crrizen. How to Make Quinine Cheaper. To the Editor of The Chicago Tribune, Cricaco, Jan. 15.—Congress: has lately re- duced the tax on quinine, and stifl the price is high. If we consider the immense quan- tities of other alkaloids produced in the manufacture of quinine and of equal medi- cinal value with quinine, we must come to thé conclusion that the high price of quinine is an artificial one. “There is no quinine made without also gaining three other alka- loids,—the quinidia, the cinchonidia, and the cinchonia. The first of these three by-prod- ucts costs $1.50, the next S1, and the last 30 cents per ounce, while the quinine ranges from $2.75 to $3.7 per ounce. Let us now see what these cheaper alkaloids amoynt to. Parrish, in his “Pharmacy,” page 649, has itin a nutshell. He inquired around, and, on high authorities. be gives it as his opin- idia ig just as efficient in smaller een in tty Pennsylvania Hospital all the alkaloids of the quinia bark pre ven indiscriminately and in e ual acs 5 ‘According to experiments made by-o) cers. of the British Government at Madras, Ind in 1866, quinidia has cured 997 out ‘of 1,0 cases af malarial fever, quinine 996, and bela chonidia and cinchonia but a little less an uinine, This certainly speaks w ell for the firee alkaloids compared with quinine, Why then, do physicians and the pu lic still stic to quinine alone? Because it was known first, and the other alkaloid had not been tested. If more physicians, and the public at large, who use quinine as readily as cast oy oil or rhubarb, would only create a demand, for the rest of the quinia alkaloids, the price of quinine would fall, and the other alka- loids might possibly go up; but still the would havea cheaper quinine, at any ral a ‘As long as the unnecessary great germans continues the manufacturers and wholesale jobbers will keep up the price. Itisan ee tablished fact that all these four alkaloi are very nearly equal in medicinal value, and it rests entirely with the people to reduce fhe rice of the quinine still more than the abo- ition of the tax has done. If there is but one way to get to Milwaukee the fare will be enormously high; as soon as railroad and steamers enter into competition dow goes the fare. The same way with quinine, an her cousins and aunts; all of them lead to te same, nappy, pestle Abe qcanune faunly. not get_ along without 18 ily. Buti all of ‘as go to work the above hints It to will haveytie surest aa © eR: Lemont Pauperism. {To the Editor of The Chicago Tribune, Lewont, Il., Jan. 164—The Committee for Out-Door Relief paid our place a visit yes- terday, ostensibly for the investigation of the pauper business here, but, from appearances, _ only to bum around our saloons and feast with those who live by the misery of the un- fortunates whom they were to investigate, put did not. They might as well have staid at home for all they dia here, their program showing unmisfakable signs of being cut and dried before they-ever set foot in Lemont. The grand culmination took place- when the Committee assembled at Dr. O’Clery’s of- fice for final action—to decide whether to abolish pauperism here, or farm out the physicians’ practice. Bids had been invited, and were sent in as follows: Drs. Rood and O’Clery, $1,000 per year; Dr. Hahn, $900 per year; Dr, ‘horpe, $840 per year; and fe Skelley, $720 per year. Every one of them is a good and responsible man, and if this crowd would confer the contract honestly and ‘in good faith, they would. have decided to give the contract to Dr. Skelley., But this’ was noton the program. They rejected all the bids, and then and there made a bargain with Rood and O’Clery for $700 per year, without giving notice to any of the others» to say What they would do it for. This looks bad on the face of it, and it is hoped that the Board of Commissioners will reject, this report and give the rest of the hysicians here a fair show, and let each one Bi again. If they want economy, there is no doubt but what they can have it done for $25 per month by the very men to whom the County Board has been voting $60 to $100 per month: for physicians’ fees. The only question is:_Is there any need-of relief in ont? We say No, most em- phatically. é An impartial investigation will convince any one that has the economical administra- tion of affairs at heart that-the relief busi- ness is a fraud anda swindle,.and only for the political benefit of afew. In: defiance of 2 rule passed by the Board last year, paupers who are too proud to go to the Poor-House or County Hospital still draw relief. Their Gignity, won’t allow it. Their descendants might be ashamed of it, There is no need of relief. If they take the well ones to the Poor-House and the sick ‘ones to’ the Hospital, they will find. very few to take, for then their sisters and their cousins, and their aunts will turn up and save them from disgrace. - . Men have been made_paupers here against their own inclination. Ifa poor man wanted to employ.a physician and was poor pay the doctor would exert himself to have the Su- pernisor. give him an order, and ‘by some hocus pocus the county would pay for it, and lucky heif he did not have to pay the physician besides, should he get into .posi- tion to pay. It is time this was stopped, and a thorough ventilation in your paper would do a great deal toward it. Only a fraction of the true inwardness of this relief business:has been stated, ‘and ‘a page of THE TriBuNE could be filled with an account of the rascality practiced under cover of out door relief in Lemont. Yours, ‘VERITAS PLOW MANUFACTURERS. They Determine to Advance Prices Ten Per Cent. : For three days past the plow manufactur- ers of the Northwest have been in session in Parlor1 of the Grand Pacific Hotel, for the purpose of forming a combination to prevent the ruinous selling rates to dealers which have prevailed for some years past, andat 2 o’clock yesterday they came to aconclu- sion and succeeded in forming an Associa- tion. The attendance has been large, repre- senting’ all the leading manufaéturers, in- eluding Deere &Co., of Moline;'B. D. Bu- ford, Rock Island; Brewster, Dodge &Hase, Peru, Ill.; Norwegian Plow Company, Du- buque, Ia.; Pekin Plow Company, Pekin; Moline Plow Company, Moline; St. Paul Plow Company, St. Paul; First &:Bradley Manufacturing Company, Chicago; Weir Plow Company, Monmouth, Ill.; St: Joseph Manufacturing Company, Mishawaka, Ind.; J. Lane, Reed & Co., Dayton, 0.; N.C. Thompson, Rockford; Robert Newton, Jer- seyville; Morrison Brothers, Fort Madison, Ta.; the J.J. Case Plow Manufacturing Company, Racine; Pierrepont & Tuttle, Bushnell, Ill.; the Eagle Manufacturing Company, Davenport; Ellwood Manufactur- ing Company, Sycamore; ing: Hamilton & Co., Ottawa, Ill.; Grand De Tour Plow Com- any, Dixon: Briggs & Enoch, Rockford; avenport Plow Company, avenport. S. H. Velie, of Deere & Co., was elected President, and Ira M. Glitord, of the Daven- ort Plow Gompany, Secretary and Treasurer. Mr. Gifford, by the way, ‘S a gentleman well known in. this city, -having~ been formerly in the forwarding com- mission business an the Board of Trade. The Association considered the continued ad- vance in the material which goes into the manufacture gf plows, and concluded, for the protection of themselves and their cus- tomers, to agree upon an uniform ‘scale of rices. Two previous meetings had been held looking to this end, the first at Moline and the second at Rock Island. At these it was discussed how to avoid a combination, but iron and steel Bent advancing, while all were selling plowsat less than it cost to make them. During the session at the Grand Pa- cific Hotel iron went up $4 per ton, and it was nities.. Our Historical “ mies of Sciences and res grt Social Clubs, are all aiding in ony 27d tions of knowledge, and are centres atl! tesy and good will. The alumni of Of coin. Eastern colleges residing here agg OUT beet nually to keep up delighttul Metnoge tiga. past, and stimulate usin our efforts et yance the glory of our magnificent ito at For the last sfwo years we have Sunt, nollees of te Assemblages of “The wad ermont,” in the newspa; ith wit and humor, and. gloat sparse =p tof good-fellowship. ‘The va tig - e St. Andrew, and other socleties ae ly assemble men who meet to rise Abcam terial matters and enlarge the Dotherheg? = ‘ man. We, the undersigned, are the Cavaliers, of the. Old Dessgehd fq our infancy, in whatever State we were Frog we have been taught to cherish the creo of Capt. John Smith, of Poeahon ; Gov. Spotswood, of Lord Botetout ot the patriot statesmen, Washingto, Bdet son, Marshall, Madison, and ‘Sonr fie, founded the great Republic. We di Who have a meeting at an early day of ai) th who cherish our sentiments to or; ize 4" sd Society of the Descendants of Ola vi To effect this organization, all those fala able to it are invited to assemble eS Grand Paclfic Hotel Wednesday, the ag’ January, at 8 p. m., in club-room No ¢ ft discuss the matter, to prepare a constitig b and arrange for the first of the series Bend nual meetings, for an bration, and essays, ad Joun G. Rocers, H. W. Tuo: W. Penn Nrxos, Canter H. Haren cy, R.A. Hortanp, 4.0. SLAUGareg, BM. F, TuLey, 8. J. Tory: Epwarp WALLER, Tyomas His” z Wa. Garner, N.B. Burorp, : ON °CHANGE, ! An Off Day for the Bulls and Beary: Saturday generally is, and yesterday oy, tainly was, a decidedly “off” ‘day'in ery and provision circles. Trading was light, fluctuations were less. marked. usual, and-the slightly-increased: stiffness ft prices which manifested itself in the part of the day hung‘on to the last, much tp the delight of the bulls, who banked oni, ts Jasting over Sunday and exten its inf. gaehiely swady and Retro wees ly steady, and February a) more nearly to the evel wit than if has done for several. day, Three or four days ago differenc the between the tio deliveries was one-half tp fiveeighths ofa cent. Then it widened a intgacent. Yesterday it fell back to om half to three-fourths ofa cent. Thé reagn commonly assigned was, that the boys wer buyin; in their February shorts and nutting the wheat out for March at the diffrent To the bull reasoner it simply proved whit he would have at all times most clearly ¢ tablished,—that the market was short, mi then that the manufacturers concluded that they ‘must have harmony in order to succeed. The advance agreed upon is slight, being but 10 per cent. On all singleshin plows the raise is 50 cents on all of ten inches and upwards, and a proportionate advance on double-shin medium landside plows. ° On wood-beam cultivators there was an advance of $3 decided upon, and a like-raise on iron beam. Fourteen-inch sulky plows were ad- vanced $5 each, and sixteen-inch $6. ese were all the advances made, and ‘an_agree- ment was drawn up and signed by all ‘pres- ent embodying the above faets. tt was de- termined to meet again in this city .at the Grand Pacific Hotel, Feb. 10, when the organ- ization of the Association will be completed. ane headquarters will be located at Daven- OLD VIRGINIA. Cuzcaco, Jan. 15.—The chivalrous senti- ments of the original colonists of Virginia from England, up to the time of the Revolu- tion, and. of their descendants, are a noble inheritance. Virginia has justly been called “The Mother of Statesmen.” The characteristics of the early colonists of New England, of New York, of Pennsyl- vania, of Virginia, and of South Carolina are most distinctly painted in the literature which has been evolved by their descendants. We, of Chicago, are the inheritors of what is noblest_and most enterprising of - them all We have congregated so_suddenl: in | this _metropolis oF the Northwest that, being comparatively © unknown to _ each other, we ave —_ been prudently silent as fo our differences of man- ners,-eustoms, prejudices, and. opininis,. and have practised the. virtue’ -of tolerance. Freedom of though is unrestrained. ‘The Golden Rule, “Do unto others as you would others should do unto you,” is our all-em- bracing moral prineiple. The cultivation of friendship isone of the best means of promoting our happiness. We are becoming organized into ¢! in his revived confidence he was nob at-all backward in predicting-that the day was con- ing when the market would be up in tho again, and even touch at $140..The New ork market showed up better, and the local tone improved fa, sympathy with Ee Pro. visions were quiet and steady, pork 2 little dull, and lard firm. awed February wheat opened at $L25, whi was 3¢a cent better than the closing‘ pricy Friday, fell off to $1.243¢, then to $1.24 went down to $1.23}, back to $1.24, advanced ty! $1.247%, and closed on *Change .at Sak March started in at $L26, which was ¥ ofa * cent better than Friday’s closing, fell ry $1.25, and then to SL2%, | worked up. $1.25%%, and closed at $125}4. May on opened. at 4447, and closed at 4434, the latet figure of Friday. February pork, which Friday at $13.00, opened at $13.05, and closed at$12.9734, while March, which’ closed Fie day at $13.15, opened af $13.20, and closd at $13.12}. February lard opened mi closed at $7.624g, _ the ‘same Friday’s latest figure, and March. opened a $7.73, but closed at $7.72}4, also Friday's lt est figure. The afternoon prices in the uno ficial circle formed by the boys in the wam and comfortable interior of the: Call Bont failed to improve on the closing prices m *Change. ar THE STORAGE PROBLEM : As regards the storage auestion, there was a barrenness of news, which was explainable only on the supposition that the vessels a- ready chartered to take corn out of the de yators are affording about all the relfef that, is at present—and for some days to, come- necessary in that particular line. There were no new charters, so faras anybody could hear of any, and the vessels already en were quiet ly loading up at‘ the various sprig = e Bissell, Slawson, and Fleetwing at Ar. - mour & Dole’s “D,? and the Ganges:and Nevada at the Rock Island “A.” Ve room was offered during the day to the fim which has already chi dso respectable a fleet, but it was declined with thanks. The supply, in other words, is ahead of the de mand, and it will take some little time yet before the last batch of chartered vessels load up and return to their winter moorings. .The ‘receipts of wheat yesterday were 338 . bushels, and the shipments 8, ‘The num ber of car-loads of. spring wheat inspected was_ninety-three, and of winter, two. The receipts of corn jvere 93,948 bushels, and ths shipments 35,479, while the number of:cars inspected was 272. As fast as the elevators are relieved, the vacant room is filled eA mostly with wheat, although the Rock a house is takinga good deal of new com ~ which comes in over that route:in quantity just at present than wheat... -~ —<$—<——>_—— |. J. CHARLES HAINES. - : His Case Taken to the Supréme Cours The habeas corpus case of J. C. Haines the ex-Justice of the Peace, whose consigt ment to the Sheriff’s care for contemptot * Judge Knickerbocker, and whose subsequent I liberation on bail pending the habeas corpus proceedings were duly. noticed .the other day, was to have come up yesterday morning before Judge Moran for presumably long and exhaustive argument. It came Up, but the proceedings were very brief indeed. ‘The ex-Justice, accompanied by E. M. bis attorney, and Deputy Sheriff Burke, mate their ‘appearance in court about 10 o'clock. The other side failed to show up, senior Haines got the ear of the Court, entered a motion to the habeas corpus proceedings, and. the Court, with apparently great willingness made the proper order dismissing such pro ceedings and remanding the ex-Justice to the custody of the Sheriff to take bail, In ne nation of this new turn of affairs, Mr. and his attorney explained to a re} reseni tive of Te TRIBUNE who was on deck since Wednesday a copy of the reco! s case had been made up and taken to the i preme Court for the purpose of ge! Supersedeas on the ground of error bse principal points of error assigned were at the thirty days’ limit for the distribution the $v00 remaining in the hands of ie exJustice, as administrator of A could. Schulenberg estate, had | not and that ‘herefore an attachment aad not issue; and, secondly, the ' order of the Court was subject to appeal : ec that he which in this case had been refused... Dickey, who inspected the record, ord writ of error to issue, and directed. ‘i same be made a supersedeas upon the Alt of the transoript in the office of the Cl Ae the Supreme Court at Ottawa. oe also directed that the plaintiff in Cr admitted to bail upon entering into a nizance according to law in the sum of. 7 The ex-Justice and his attorney acco! roceeded over to the Sheriff's office: 6" ited the document, Parnel] Munson was) 4 cepted as surety, the. ex-Justice went fr hs triumph, and there the matter rests ue ie March term of the Supreme Court, when case will come up for hearing at Ottawa _ = : . Edison’s Midnight Lunch. Menlo Park Correspondence New York 1¢ ‘The midnight lunch is astriking featnr sy $90 laboratory life. At 12 o'clock every TB licen men and a dog enter the laboratory, oo with baskets of edibles froma neighbors at terer. The dog, a huge Newfoundiand. fo important a part in the performance companions, for, with a lighted Janie from his mouth, he leads the wa) sree 1 Or ab railrohd track and across the fields by ba of the wizard. Ho also assists at times peor strupped to his back a basket ora car shout tbs ing some of the lunch. The repast Wie dog to participate would be barren, to bo to know his standing, and /he is always Pact found at his post of duty. raoeec ts, table gather the inventor and his stants, te asthe good things disappear the} discuss ty, aye work, tell stories, and fC A froer or gayer set could scurcel reais tO ie nature of the chic! a all, andtun and fancy relgo SUpreOt sclenes lunch once more begins the wer x Cassistants and continues until, one by, one, t 1 oir hones drop off tosleep. A fow retire to toe the number, however, follow 2 pans the leader, and utilize thelr benches 1, 'm, Edison himself gives in generally nares ‘with BS: selecting some unoccupied spot may. coat for a pillow, he sleeps soun' ‘ Yor his #1 ‘until 10 o'clock, other times until of rising varies. a — “Flow much botterI look!” exclaimed s H&f 3 eh 3 i tured fratez- } who had used Glenn's Sulphur