Chicago Daily Tribune Newspaper, January 25, 1880, Page 6

' FINANCE AND TRADE. ‘Stocks Irregular, with Some Con- spicuous Advances. Government Bonds Not So Stro: Foreign Exchange Weak. Light Currency Movement—The Mining Board, The Produce Markets Active and Again Weak—Too Much to Hold. ASharp Decline in Grain and Provisions—The Latter Close Firmer. . FINANCIAL. ‘There were a few conspicuous advances in stocks. Burlington & Quincy made 3, to 148; Erie preferred 2%, to 70%; St. Paul & Minne- apolis 4%, to 51%; San Francisco preferred 2X, to 87x; and Ohio & Mississippi preferred 2, .to 64%. There were nod corresponding losses, the most serious decline being 1 on Sioux City, to39, and the preferred 1, to78. Indianapolis, Blooming- ton & Western was quoted 2 jower on the single transaction of the day. There was a report that Gould has resigned his seat in ‘the direction of the Onion Pacific. The price of that stock fluctuated between 91% and %, closing at 93%, a& decline of %. Louisville & Nashville is kept up by the short interest and the fact that the Louisville stocks are nota good delivery In New York. It rose 144, to 12. Besides the stocks named, the market offered Uttle for comment. Comparing closing prices ‘with those of the day before, the gains were . New York Central , to 131; St. Paul preferred 3, to 102; Llinos Central:%, to 104%; Erie %, to |. 442; Columbus, Chicago & Indiana Central %, to 2A4i4; Delaware & Hudson 4, to%55; Lackawanna 4, to 84%; Canada Southern %,to 71%; San Fran- cisco 4, to45; Northern Pacific 3, tov; Pa- cific Mail 3, to 39%; Indianapolis. Cincinnati? & Lafayette %, to 5%; Chesapeake & Ohio X, to 224; and Central Arizena 3, to 13h. ‘The losses were Lake Shore %, to 100%; North- ‘western 44, to 90%; the preferred %, to 105; St. Paul 3, to 774; Union Pacific, #, to 934; Iron Mountain 4, 055% ; St. Joe %, to 374; the pre- ferred 44, to 67%; Kansas & Texas %, to 40; ‘Wabash 3{, to 4414; the preferred %, 67%; West- ern Union 3. to 103%; Northern Pacific pre- ferred ¥, to 57: Lake Erie & Western %, to 31%; Chicago, St. Louis & New Orleans 1, to 43; Mo- bile & Obio %, to; Manhattan 3, to 514; Terre Haute 2. to 414. Erie second Gs opened at 88%, advanced to 89%, sold down ‘to 83, and closed at 88%. Railroad bonds, in New York on Thursday, ‘were nctive,and the dealings were characterized by a buoyant tone. The largest transactions * were in the Kansas & Texas issues, of which $273,000 firsts and $1,055,000 seconds changed hands. The former sold at 1034@10!; and the latter fell off from 67 to 66, rose to 63%, end finally reacted to 66%. Texas Pacific incomes were in active demand, and rose from ‘6% to 81%. A dispatch from Philadelphia to Kiernan's News Bureau stated that, ata meeting of the Texas & Pacific Rail- way Company, held at that city on Thursday, the contract for extending the road from Fort Worth to El Paso was ratified, and the mort- gage executed by the President and Trustees. Messrs.’ Jay Gould and Russell Sage, of New York, and Frederick L. Ames, of Boston, were elected. Directors. The accrued interest) on the'income and land-grant bonds to July 1, 1879, was ordered paid in scrip, receivable for land or exchangeable for stock. Rome, Watertown & Ogdensburg firsts rose from 69 to 71, and reacted to 69%. Ohio & Mississipp!, Springfield Division, advanced from 71% to 7: CC. & I C. in- comes from 47 to 5; Lehigh & Wilkesbarre consolidated assented from %{ to 97: Indianap- ols, Bloomington & Western firsts from 73 to ‘344; do incomes from 58 to 624; Lako Erie & ‘Western incomes from 63 to 61; Canada Southern firsts from 9113 to. Iron Mountain firsts pre- ferred Incomes sold up to 90; do sécond do to 74; but the former closed at 88. Chesapeake & Ohio first series B fell off from 673 to 6633; currency Gs from 42 to 41%. Government bonds were not in good demand. The 43 -were 10435 bid in New York and 1014 asked. In Chicago they were 10% and 101% asked. The 434s wero 1073; and 107%, the 5s 1033¢ and 104, and the 6s 10416 and 101. Foreign exchange was weaker in the expecta tion of large offerings of bills against foreign purchasers of New York Central stock. Posted sterling rates were 483 and 48. New York actual rates were 482% and 481i. In Chicago actual rates were 482% and 481%. Sterling grain bills were 48044 and 4504. Documentary bills on Paris were 525G@5°3X,0n Antwerp 526%, and on Havre 5953;. German bankers’ marks were 95 and 952;, and commercial were 94. "New York exchange was sold between the banks at 60@75e per $1,000 premium. Offerings were larger in order to provide cash for the set- tlements of the first of the month. The curren- cy movement was light, with receipts rather larger than shipments. Discounts were moder- &te, with bank rates 7@8 per cent, and street rates 6@7 per cent. Manager D. R. Hale, of the Chicago Clearing- House, reports the clearings of the week as fol- Balances. $ 434151 UR I. 4 Beas Corresponding week inst years... 19: 21036 ‘West Chicago 5s were sold at 10134, Cook Coun- ty bs ut 1044, and $15,000 Chicago, Milwaukee & St. Paul Rallroad 7s at 107%. The price of these nas been raised to 105%. On the Chicago Mining Board there were sales af Leviathan; 100 ut 40, 1,000 at 45, 1,000 at42x2, 400 at 4245, 600 at 40, seller 10: Boston Consoll- ated, 200 ut 130; Silver Cliff, 2,00 -at 45; 1,000 at 10, 100 st 85, seller 10; United States 4s, $25,000 nt 104%, $5,000 at 101%. The following quotations were made: - Stock. Bid, Asked, ‘Levisthan.... 0 a2G Original Kegstone..... S ET) Consoliduted Pacific... ‘530 Boxwn Co is Merchants’ Natio: Union National sank......- Navional Bank of iiinvis. Merchants’ Suvincs, Loan Hide & Leather Bank. International Bank. North Chicuso City iialiwar Ch. icaxu West Division 8 avd. Elin Autional Watch Com North Chicugy Rolting-Mills, Traders’ inserance Compan: Chamber of Commerce... luter-state Industrial 4 a The carnings of the Indinnupolis, Blooming- ton & Western Road since Auf. 8, when it passed out of the hands of the Receiver, have been at the rate of $425,0004 yearon its 22 miles of road. Its Directors claim that it will pay all fixed charges,é percenton its income-bonds, and 8 per cent dividends on its stock. Pennsylvania netearnings show an invrease for December, 1873, of | 000, and a nét in- crease for the year of over $1,000,000. The lines west of Pittsburg show a surplus of over $1,300,- The St. Paul & Sioux City has declared a quar- terly dividend of 353 per cent, payable Feb. 18. Cotton opened at 12.62c for Janiary, and closed stl2ecfor Mebruary and 13.8te for March.— quietand firm. The London correspondent of the New York Dady Bulletin writes: . - The activity displayed in the cotton manu- facturing districts hxs been very noticeable, and had for several days a decidedly a ening effect on the Liverpool market. Latterly prices here hare given way 4d per Ib, but at the close there fre appearances of renewed firmness. The takings of the trade have aggreraved 91,000 bales (eight days tthe week),—u total: unequaled fur three yours past in apy single week. 1e stock nevertheless, shown a further incrense, and x now in the pesition of having considers- bly more sAmerican in stock, more atiort, and (in want of cther information) more yet to be ship- ped than was the case last year, whilst prices ure rom 14314d per Ib higher. It is probable that this will he’ sufficient to cause prices to run for some tine more ar less about the present level, but shonid any untowanl falling off in the trade demand on the one hand, or in. the estimated supply un the other, occur, the market is just in a position to be very acutely affected thereby. The Wostern correspondent of the New York Notwithstanding we still have bad roads, and the frost is all out of the'ground and every pros- pect of a short ice crop, yet it is the unanimous opinion of our loan ageuts the business of lending moncy to farmers, 80 far as THinois is goncerned, seems to have come toanend. In fact, there isno demand for money atall. The farmers have been meeting their January inter- est promptly, also paying off-their mortgages that have become due. - Very few tarms are be-. ing sold under foreclosure. ‘ What better evi-! dences could we have of prosperity? Another important ‘consolidation of mining property is reported by the Leadville Chronide, It embraces the Joc Bates, Gambetta, Gray Horse, Ida Nyce, and Big Pittsburg “mines, lo- cated on Stray-Horse Gulch, at the base of Fryer’ |-M Bill The title of the company which Is to con-.|_ trol the property is the. Bjg Pittsburg Consoli-. dated Mining Company. The price named in the deeds for the several mines is $323,000. W. H.. Vanderbilt is reported to be a heavy stockholder in the new company: The mines mentioned join the Little Pittsburg, : Aimee, Little Chief, and. 12 Robert E. Lee, and are all in mineral, the ayer Bates having been 2 producer the past. season." ‘181,189. Between these properties there has been consid- es ‘erable litigation, but this is-all closed by the.| & . Sat consolidation. : i ‘The problem of mining at greater depths than have ever been reached in America bids fair to be practically and profitably solved in the near future by the Yellow Jacket, Crown Point, and Belcher. Saale The Robert ¥. Lee is one of the richest mines at the Carbonate Camp. From the 4th to the 13th instant the product amounted to over $10,-, 000 perday. On the last-named date a trial was made of how much ore could be mined in one day. Work commenced at noon and closed at the same hour next day. Seven hours were lost by a cave. The whole lot of ore mined amounted to ninty-five tons, worth $118,500. Bloeked out in the mine, the value of-the ore in sight is mod- erately placed at $3,000,000. . TRASK & FRANCIS, Bankers and Brokers, 7 BROADWAY, N. Y. of the New York Stock Exchange Mem Sew work sining Stgek Eyehange. classes of Securities Bought and Sold on Commis- Allclaases of mand rriod on Margins : Dally Market Letters sent to Customers. ‘THE FIRST NATIONAL BANK OF CHICAGO Hns-for sale a large line of choice Gand7 percent # Railroad First MORTGAGE BONDS. Milwaukee & St. Paul Ists, bearing 7 per cent, due in 198, are for sale at 1084 and interest, SELL YOUR UNITED STATES BONDS And secure a handsome premium, and ~ | BUY COOK COUNTY OR WEST CHICAGG 5 PER CENT BONDS, od security, be higher rate of An equally go ened pearing: is! CHARLES HENROTIN, +106 Washington-st al GEO. 0. MARCY & CO, ‘No. 159 Lo Salle-st, és Chicago, In, DEALERS IN MUNICIPAL SECURITIES. ‘We can furnish in sums to suit, from $10) vo $100,000, County. City, 6r ‘Town Bonds, which will pay the In- ‘Yestor an average of 7 per cent per annum. ‘These bonds are issued by ditferent localities in Dlt- nols, Kansas, and Iowa for various purposes—viz.: to build court-houses, school-houses, juils, ete.; 10 fund tloating debts, to build brides, otc. A ‘We examine everything we over with great care; and we ry to make every investment through wi absululely safe. Our sales during the year ishave amounted to more than two million of dollars, mostly italisi terest for our customers free oO! ences ure to some of the Jargest institutions and heuviest capitalists Kust und West, with some of whom we have bud dealings for the last ten years. Cull und examine for yourself, whether you wish to eg large or small investment. GEO, 0. MARCY & CO., E No, 152 La'Salle-st., Chicago, 111. .We are always in the market for the purchase of any such securities, issued by counties, towns or cities. BY TELEGRAPH. NEW YORK. New York, Jan. 24.—Governments steady for *6Is and 5s, and weak and a shade lower fgr 4448 and 4s. ei Railroad bonds active and generally strong. State bonds neglected and nominal. ‘The gtock market opened weak, and prices de- clined";@% percent, buta strong tone soon set in, and there was a general advance of &@ 5% per cent, the latter St. Paul & Minneapolis, which sold up to, 53. Chicago, Burlington & Quincy rose 4 per cent, Houston & Texas 3%, Kansas Pacific 3, Louisville & Nashville 3, Cedar Falls & Minnesota 344, Erie preferred 2%, Ohios 44, preferred 2%, Pacitic Mail 1%, St. Louis & San Francisco 1, preferred 2, and first preferred 23{ percent. During the afternoon the market ‘was irregular, and the final sales were at a de- cline of 4 to 2 per cent from the highest figures made. St.Paul & Minneapolis and Houston & ‘Texas led the downward movement. Union Pacific, Kansas Pacific, and the Denver Pacific Railroads were consolidated to-day. ‘The new company will be known as the Union Pacitic Ruilway. Tho following officers were elected: President, Sidney Dillon; Vice-Presi- dent, Elisha Atkins; Secretary and Treasurer, Henty McFarland: Directors, Carlos S. Greeley, St. Louis; Ezra Baker, Fred Ames, Elisha At- Kins, and 7. G- Dexter, Boston; G.' S- Dodge, Iowa; Sidney Dillon, Russell Sage, Jay Gould, Solon Humphreys, David. Dows, and T. T. Eck- ert, New York; W. L. Scott, Erie; Clark, Omaha; and John Sharp, Salt Luk The plan of consolidation isthe change of the stock of the three roads for that of the new company, dollar for dollar, ut par. The bonds of the rouds willremain 23 at present, and will be liens on the several divisions as originally placed. Transactions, 283,000: shures:’ 2,300 Canada Southern, 3,00 Central Arizona, 1.500 Chicago, St. Louis & New Orleans, 4,200 Columbus, Chi- cago & Indiana Central, 4,000 Cedar Falls &Min- nesota, 13,000 Delaware, Lackawanna & Western, 107,000 Eric, 4,000 Hunnibal & St. Joseph, 5,609 Houston & Texas, 3,600 Iron Mountain, 23,000 Kansas & Texus, 2,200 Lake Shore, 1,300'Louis- ville & Nashville, 3,000 Lake Erie & Western, 2,000 Leadville, 1490 Marietta & Cincinnati first preferred, 3,30 Northwestern, - 2,000: Nashville, Chattanooga & St. Louis, 8,000 New Jersey Cen- tral, 1,700 New York Central, 23,000 Ohio & Mis- gis ppl, 15,000 Pacific Muil, 1,100 Reading, 4,000 St. Paul, 5.300 St. Louis & San Francisco, 8,000 St. Paul'S Minneapolis, 4,200 Union Pacific, 8,200 ‘Wabash Pacific, and 6,600 Western Union. Money, 4@6 per cent, closing at 4; prime mer- cantile paper, 5@6. ~ Sterling exchange, 60 days, 482; sight, 484. The: following is the weekly bank statement: Loans, increuse, $3,077,700; specie, decrease, $1,726,400; -tenders, increase, $1,220,300; deposits, increase, $3,751,800; circulation, in- crease, $27,000; reserve, decrease, $1,435,059. . The banks now hold $1,004,775 in excess of their legal requirements. GOVERNMENT BONDS. 10336: ae Bu STATE BONDS. aigiNew . f charge. STOCKS. 151 H., & St Joe, pfa. 5, fron Mountain, Ho StL. & San 1 Gunada Sout Michiyan Central: je. wig-Pacitic Mall. Wiss’ Little Pittsbi ais egal. Sc Paul, ‘preferred. Sc Paut'é Stina ul & Sioux, fi 7{-United Si ester Bisa Quickstive: Quicksilver, pf. ‘Headville, ind-grants. CPS, C. ts i: sLandard. Biliste Bis & Wesiara: ae FORBIGN: . - Loxpox, Jan. 21. Consol, 9834, United States bonds—New fs, 105%; 4%s, 111; Wisi. te ectican securities—Dlinois “Central, 108; Penusylvanin Central, 584; Erie, 46; ' seconds, 914; Reading, 36. - Pants, Jan. 2. ; : SAN FRANCISCO. SAN FrANcIsco, Cal, Jan. 24.—The following are the closing quotations ut the Stock Board: dependence, onsulidated £5 =e i 1AyBeentel. hy: Bost Le cr a era Crown Point... Eureka Consolidated. Hale & Norei Julia Consolidated. Justice. Savage. Sierra Xi Gaion Consuntda Yellow Jacket... 1 + $1.1635 THE CHICAGO TRIBUNE: SUNDAY, JANUARY 25, 1880—SIXTEEN PAGES. aif os COMMERCIAL, ‘The following were the receipts and shipments of the leading articles of produce in this city during the twenty-four hours ending at 7 o'clock: Saturday. morning: ‘gt $13.25 per ton on track. ak, declint “SPRING WHEAT—Vas active and weak, declining and closing 2: latest prices of Friday. Brith markers tended dowawurds, American Si | Si Eq ‘The following grain was inspected into store inthis citySaturday morning: 3 cars No.3 winter | 1154 Spot sales were reported of 16,000 LY 47,000 bu No. 3 at sca, 0134; 0 bur rejected at Ste; aid 7 5c@-41-08, wheat, lcar rejected, 2 cars mixed, 56 cars No: 2 spring, 44 cars No. 3 do, 5 cag rejected, 4 cars no grade (115 wheat); 198 cars‘Nb. 2 corn, 118 cars $10.50810.75 per ton; 2 cars feed at 817. ; diings at $13.50615.00. Coarse corn-meal was nominal’ he advices causing depression, and New York was re- ported 2854 lower, ‘which shook larg ‘There were a few buyin orders In hand near the open- |. ing, which sustained prices foruwhile, und a) the decline was sevoral mes checked by the fact that -there, $1.17 Market, but even these were the close, as sellers continued to be numerous, and their number scemad to augment as buyers got ‘through operating. A - the idea that,mi of the winter on. 1 ‘This, with the bellef that the European consumption of our wheat is boing largely curtal caused the woskness, _$1.U7G1.03 in store; 200 bris hams at $14.50, and 1% bris extra mess on pri- vate terms, : . force: ‘TALLOW—Was quoted at 64@eiefor city and 6B5ée _ F coURLY. po bet : ‘BREADSTUFES. ~ FIOUR—Was ‘more ‘active but weak, exporters’ ‘|.taking hold toa moderate extent at concessions of about 2c per bri from previous asking tgures. Sales were reported of 1,80) bris double spring extras; part- }4y at $5.60; 60 bris winters and’25 bris rye on private, terms; “and 280 bris low gradeat $.00G450. | T bris. Export extras were quoted at $5.00G5.50 in sacks, Total, nd double extra do ut $5.5036.00. OTHER MILLSTUPYs—Sales, were 10 cars bran att 1 ; 2 ears mid- ‘the confidence out of. jolders und buyers hore, tough our receipts were not e. ‘The weakness was very: irrezular, hoyrever. fter that ‘were a good many orders here Jimited to buy at for March. ‘This was the leading feature of the exhausted before many traders entertain of the Weene wheat-hus been sold nd will be delivered round a week ‘be carried through the rest he shoulders of local operators. led by bigh prices, as Felatively wheat was $12 Pee Tie tor No.2, and tendy, closing nominally for fresh receipts of No.3. Seller March ‘opened ‘at “2 31.1746@1.174, udvanced to $1.15, declined to $1. 21 ie | IT sed on Chance ab Seller February ranged At $LISg@liisg, closing at L194. Seller the Bis : 1 th was quoted nt $i, closing at 1.1446 Bini at igo ubove March. 7 was nearly nomingl at dg above March. bu by sample at ‘Total, 71,400 bu: RAV HEAT—Sales were 2,80) bu No.3 winter ot 10 bu winter by sample at §L.05@ Us corajs roars we oats Lear No.2 mixed, | Veg Atatacies Mon ag ununaaly weak (418 corn); 17 cars white oatst 1 car No. 2 mixed, N—Was active in futures, i lining 1c fc 5 losing Bge below the lat- Wg ears: Fafected (8 oats); 2: ests: No, pee ese quouion of Fridiy other denis faling ola a cars No.g barley, 4 cars extra do. pathy, thougl ey were often le better than 5 nal. ‘The Briti “kets were called. quiet and ‘cars, or 277,000 bu. Inspected out: 13,004 bu qrende by pute nivings wis no pressure toselly ‘but wheat, 997,24 bu corn, 739 bu oats, 407 bu rye, | New York was dull, and our decline in wheat . : mnde the “corn fnarket heavy, there being 1,554 et =~ ipts ana ahipments:| To f°R; MARZ, fetes wader the approhen- wing were nd shipments‘ sion Of a) muc er break in prices. the oor ae eek dike 7 The demand for spotcorn was relatively steady, but of breadstutfs and live stock at this point during the past week and for the corresponding weeks ending as dated: ‘ Jan, 17, Jan: 25, 100, 1969, and closed nt 40¢éc. closing at 4iée: July nuturally tame In sympathy with futures; it closed ut @ ouside in favorit houses, and ‘3534e30e for No. 2, tsi Bilge for new mixed. Seller May sold earl; at 2) fell vif to 4le, rallied to 41}{c, declined to wage Heller June ranged nt Wy@de, was 3¢oi4e above May, February (c, C2610 ELA | at usrgasii4e, and January atso“@siiéec, both closing at S87 584,925 | B57 ges was let at He ‘above the rice fOr 42,017 | February. Spot sales were reported of 160,00) bu No. 10S TLE | Zand high mixed at wigs; bu’ new high e925 = 2485 | mixed at 5 24,000 bu new mixed at Bete; (oS = BUNS | gO) bu rejected at Ste; 12.400 bu by sample at 3Gs}{6 4818 12553 | on track; 21,00 bu do at Sa(@sxc free on board cars; URIS BAe | and Jo buearsarsewiee. Total, 231W bu. Bho 2A | OATS—Were fairly active, closing about le lower than on Friday, ‘The market broke in sympathy with 48.530 | other grain, und under free offerings. New York also 20 } wi lower. The shorts seized the opportunity to Corn, bu. 313.877 et thelr profits, und some long oats were suld out, ‘Oats, bi 15.26 ‘he murket closed o little stronzer, with moderate, Tye, ba. 6,419 || truding late in the session. Seller May was chiefly Burley, bi , G18 | traded in, opening utsisgo, selling off to 36, und clos- Dresseid wwe eee | ing at ede, Hebruary sold early, awe, dnd closed ive ho; a 4 ame ui (c. Fresh receipts wei minkl, the quota- Cattle ‘No-. 152 1028 | How atone tine beine Sse" sellers, und regular were ‘The leading produce markets were active Sat- urday, and irregularly weak. Nearly all went down under the force of a widespread bear feel- ing, which extended to other points. A London telegram quoted winter wheat atd0s per quarter, équal to about $1.10 per bu here, and New York went down 2@3c. Pork was weak, and corn and re sumple at 3i@3ic on track, and 6,100 onboard. Toto ‘The receipts were very consumers at 76c for fres! ples. Nothing was done in_ futures’ except in settle- ment, February bringing Tie an it sulea included §0 bu sample at T6@7ei4e on track; and 40) bu at Tic free on oted Inte atsiHcdliXe. Samples were in small locat quoted I a.ntslyg ic. pI 9700_bu by Besse free i i RYE—Was dull and weal, in sympathy with wheat, ight. wnd, sold. to the local ih No. 2 and 76@7Bs4c ues ules Wee reported of tt Pe) buat for sum- id Maret 7sc. fresh No. 2at ic; 2, ry bu by oats broke badly, all insympathy with wheat, un- | Soni? tong" i e: der a general rush to sell. The fear was general pau oe his in moderate demand, the Inte de. <a cline havi several cas! an thdt there is too much wheat and corn, pork and | Miter opened Armen farures being strong, in sym~ lard on hand and behind us to be taken care of | path: fat cae Wee, ae feeling becaute. weal: ss S000 a ler exhibited a desire t realize. at recent prices through the remainder of the | Re°Sis"\ Wy. wlevator sold early at. S0c and Tobe winter. It was noted that the British quotations quary a selling later at 7c. March sold ae He. and fresi moved strongly downward on account of our weakness, though prices here have been much too high to permit shipment and would now scarcely warrant it if Liverpool and London. quotations had remained steady. Export orders are scarce, except for meats, and foreign buyers are evidently impressed by the filct of our big stocks to believe that they need notpay so much as has been demanded. Our afternoon feeling was relatively steady. Mess pork closed 2734¢ lower, at about $12.45@12.50 for new seller January and $12.07 for March. Lard closed J5c.lower at $7.35 for new seller January, $7.474@7-50 for March. Short ribs closed at $6.624@6.52% for Murch. Spring wheat closed 2c lower at $1.1!% for spot and for March. Corn closed . 1%c lower at 35%c spot and 40%e for May. Oats closed 144¢ lower, at 36Xc seller May and at 81Xc seller February. Rye was unchanged, clos- ing at 4c seller February. Barley closed at 78¢ for February No.2 and 58¢ for March extra 3. Hogs were in good demand, and closed steady at, $4.40@4.50 for Nght and at $4.40@4.75 for heavy. Cattle were steady at $2.25@5.75. - The following little table gives the latest prices of the two last Saturdays, showing the extent of xtra 3 80) No. 3brought Sic, E ut SOc; ru 3,000 bu by sample at 45@5i}¢c on. Suesée tree on b 8 Ang at $1.16@1.104 seller March; closing at $1.16}4. spring No.1, 10s 9d; No.2, 10s No. 1, 585d; old, No. of ‘Wheat—Winter, atSelsesre, closing at the Inside, eo isttre 3 for Maren GSie; 5W bu No.3 ut Sic; track; and 3,000 bu at joard, ‘Total, 8,000 bu, LATER. jaturday afternoon whext was a shade firmer, sell- Mess 5; 3000 Dt rk closed stronger, with considerable trading. Sules po approximating 10,000 bris were reported at $12.65¢12.70 nelle -Mlrobs leaing He dhis Tanye. Lard wasquoted, at say. ji seller March. BY TELEGRAPH. -: : FOREIGN. Special Dispatch to The Chicago Tribune, LIVERPOOL, Jan. 2-1: 8. m.—FLoun—No. 1, 2s; No. 2, 986d. GRAIN—Wheat—Winter, No. 1, lis 24; No. 2, 10s 4d; No.2,10s; white, No, 1, lis 2d; it; No. 2, lis 1d. Corn—New, 'PROVISIONS—Pork, @s. Lard, 40s 6d. p LIVERPOOL, Jan. 4.—CoTTon—Firm at 767344; sales 10,000 bales; speculation and export, 2,000; American, Lonpon, Jan. 2.—REFINED PETROLEUM—6@5}44. ANTWERD. Jan 2—PETROLEUN19¢¢- ane following were received by the Chicago Bonrd ‘rade? " LIVERPOOL, Jan. 21:90 2. m.—Flour, % 6dGl2s. ‘thin ‘ Is 4d@lis-24; “epring, 10s@l0s 9d; the decline within the past reeks whito, 103 2d;. club, lsiid@1ls 5d. .'New corn, 53 fan. 77. Jan. | Sd: old, 61 Td. Pork, Gm." Lard, ds Gd. March pork, SIB123§ «BL LAVERP jan, 2-13" m—Wheat—There 1s March lard, ae) 70 very little doing, ‘prices ‘te: iz downward; red ‘Maron rip: OSE S50 | winter, lis; No. 2spring, 10s 6d; 0, 103; Califor- Marek wh Tob Saag | miner tes No. #apring, Us cas No.3 de, Ms Califor. Bay corn, 4 id. Cargocs off const—Wheat rather dull; Callfornis. ‘May outs. Be 364 | ana red winter declined 6d, und No.2 spring 1s. Corn ‘The average decline is 3 per cent in provisions | ret dorm aendy: to preseure co sell, Parke onaeere saat tos net af Wester prime mets ae, anh ab ,, aucon- Long e demand for staple and fancy dry-goods | clear, Ws Ul; short clear, is." Tallow, Ura, Cheese, shows but slight improveinent, There was a | 74, Beef-FHme mess, bs.” Weather in’ Bogland jera’ ! s LONDON, Jan, 2.—LIvEnPooL—Wheat, tendini moderate demand in the way of small orders to | 4ooi rad: Gallfornia, disaide sd; waite 1. “ freshen up" stocks, but beyond that very little was doing. Prices continue firm, with some lines Is Id; red winter, lis; spring, No.3, ts; No. Curgoes uff coust—Whent—Now York advices cause a. depression; fair average No. 2 spring, 903; falr aver- Michigan, 2 108 od advancing. Boots and shoes remajned quiet age red winter, 51s 6d; fair average California, 523 6d. and firm. There wasn slight movement in gro- | Corn steady. Cargoes on passage—Wheut—New York advices cause a depression, Corn quiet. nearly ceries. The changes in prices were confined -to adeclinein sugirs of 3c. Rice, teas, spices, the market for dried fruits no important changes were noted. Despite the continued duliness of trade the prevalent feeling remains firm. Fish were in good request at fully former prices. Bank codfish was advanced to $4.00@4.76. Canned goods were moving freely at firm rates, No change was apparent in, the cheese market, stock being firmly held under a good demand. Butter was easier, in sympathy with New York. Bagging continues firm, with an advancing tend- eucy. There was an active market for pig-iron, and in Lake Superior charcoal iron there was a further advance, Nos. 1 and 2 now being quoted at $55.00, aud Nos. 3,4,and5 at $58.00 per ton. Coal remaths d&ill. Oils ruled quiet and steady. Lumber was in moderate demand at the cur- rent prices. According to recent advices the lumber regions are now well provided with snow, and logging operations are being pushed vigor- ously. The wool market was quoted firm, witha good Western inquiry, and moderate stocks on hand. Seeds exhibited little change, being rather quiet, except timothy, which was quoted easier, Hay, broom-corn, and salt were un- changed. Hides were quoted ‘easy undcr large offerings here and elsewhere, while tanners aro not buying so freely xs usual. The poultry market was firmer under a good local inquiry for fine stock, with rather small offerings. due, spring wheat for shipment during the present and fol and sirupswere firm. Coffees were casy. In | lowing month, 48s ¢d. $1.38; No.2 spring, $1.3 pnerade Market dull; fair tu nominally unchange ket firm. refined, 7G" $3 BSc: unwashed, 1S@ibe; ‘I Beef quiet and unchsnged. Cut meats Bis ta. Fair avernse quality of No. 2 Chlengo a NEW YORK. New York, Jan. 24.—Corros—Quilet at 134@12{c, Futures quiet and firm; January, 12.58; February, Rs B. March, 12.8%; Abril, 1.05c; May, 13.2ic; June, uly, Sle; August, 1361. FLOUR—Dull. and heavy; receipts, 13,000 bris; super 5; .white wheat State and Wester, $1.3024.)0; common to good ex- tra, 8. 806 & 8; good to choice, extra, $5,75@6.50; extra Ohio, $3.5047.50; St, Louts, £5.50 G80); Minnesota patent process, $1.38. GUAIN—Wheat unsettled and feverish: re P00 bu; ungraded 9 2g. ring, $1. dred, $1.35G1.0%; No. 1 do (sales lanuury (sales 25100 a) G116%. Rtyo— i, 26,000 bu; un- : new Tound yellow, Muy, Ste; steamer, Jan= 3 receipts, 235,000 bu: ite do, 43@49c. afAx—In good Hors—Dull; veurlings, 713¢. GRoceRtes—Coffee dull and unebanged. | Susar— Hood retining, 4ei%c. Molasses . Rice—Demand fair and mar- EETHOLEUM Steady; United, 1050; erade, 78736; est Dale at S1.55@1.00. Eacs—Market dull; Western, 2@1ic. LYATHER—Market dull; hemlock sole, Buenos ad tio Grande ‘ight, middle, and heavy welghts, 7@3 Woor—Firm; domestic fleece, 43@58¢; pulled, 78 He feces ‘PROVISIONS—Lorke Market dull at $12.37}4@12.50. _ 3 let and Messrs. Mellen & Rodman, of this city, have | unchanged. Lard lowers prime stent, #850790. just issued a valuable compilation of tables for | | BUTTEK—Duil und heavy;, Westera, the ready conversion of English quantities and | Winsni- Neuiereaig ee “ prices into bushels and dollars, and pounds | | MeTALS—Manufactured copper—New ‘sheathing, Be; ingot lake, Se. alot but firm; Scoten, weight into bushels, which will probably meet with a large approval by the trade. é a PROVISIONS. HOG PRODUCTS—Were active and weak. Hogs were quoted steady, and there was not much change in the tone of forelyn advices, while export orders for meats wereJfully us numerous as for several days previous. Butthe weakness in wheat was in lwelf reason enough for u break in provisions, und it told heivily. ‘The packing of this city since Nov: 1 1s re- ported as 1,778,000 hogs, wgainst 2:388,000 to same date a Year ago, but there {s nearly us much stuff on hund now asthen, the shipments huving fallen off some- what in consequence of higher prices, while there is more country stuff than ever offered for sale here. Muss PORK—Declined 37}4@0c per bri, ana closed Be below the latest prices of Friday, at s12.W@l245 cash, 812.45 for February, $12.00@12.624 - for Murch. und HLGET4 for April. Sales were reported of 75 bris spot at $1265; 125 brls do ut $12.50; 12,000 bris seller Feb- ruary at #240G12721¢; 7770 bris seller March ot $12.57}6@12.00; und 9730 bris seller Apri) at $12. 7012.04. ‘Total, 99.700 bri, LAnD—Decliued 17}4220c per 100 Ibs, and closed 134 @lic below the latest prices of Friday, at §1.25@7.3714 spot. $1.37¢67.40 Tor February, $7.50 for March, und si #4 for April, Sales wera reported of 50 tca spotat $1.40; 7,20tes seller February at #7.373¢@7.50; | Was fill of encouragement to those W1 pathize with the 16,00 tes seller March at £7.15 tea se Apri ac sser.ak Mou, Soe tes, seer ZATS—Werd in very god demund, and about Iie ver lO)ibs lower. ‘Tho ducline. brought out: wood Tuany export orders, but most uf them seemed to be Mmited below the market. Leal futures were active, re reported of 135,00 lbs (country) shoulders .03; 30 boxes do ut 30; 1D) boxes do, at Beesige 1) boxes long cleurs on private termis; 100 boxes long und short clears at 86.0; 100 boxes extra long 390,000 Ibs short ribs at 81.45 spot, $6. ‘ebruary, §6.i0e00) for Maren. uid 60) for April; 1:0 boxes du at $.696.15 spot; 410,00) en bams at ic for 16-Ib uverazes to 6c for 1b 205 tcs sweet pickled hams at ic for |é-lbs, and ie for Mb uverayes. . Prices ‘for the lesding “cuts Mero sbout xs follows ut 1 o'clock for partly-cured Sales wei at Short |Shoul-|L.& S| Short | } riba. | ders. | clears.| clears, 860 [$405 |Saa |8a50- 6a 425 66 |) OU 6 | 45 | 6S | cz eo | a | es | co ‘Short $6526, ribs, seller March, clused_at Long gleurs quoted at 9435 luose and $155 boxed; Cumn- derlunds. uyeii{e boxed; long, cut hams, ssc; * sweetvickied buins quoted at i#e6e fur Tigi uver- ju hams, sane averages, (4a7c; do sell Sty Feb. ci wréen shoulders, 4 reso Senet aeetoon at See, for shoulders, 1eTH4e for ‘ (wtée for short cle: cked. rae Gluzase~ Was quiet at Gos sHGSKe, —~Was quict at! (c for white, Z000 Yellow, aad Wgehe for brown, with sale Of AD kes at ’ BEEF—Was quiot at $8.7589.00 for mess, $9.00¢025 | Persons showing ‘the shape of custom- for extra mets, und LMGlE for amis with sale of 1 ers, while the ee wore @ solemn, | Higite; ‘American, Pig-tron a auc. fron—tussia sheoting, jAILS—Cut, $5.15@5.25; clinch, $6.25@7-85, THE CITIZENS’ LEAGUE. "he General Agent’s Report. The Executive Committee of the Citizens’ League for the Suppression of the Sale of Liquor to Minors held a meeting Friday eevn- ing at No. 489 Michigan avenue, President Elmendorf in the chair. “After the appoint- ment of standing committees for the year, and .after laying out plans for a vigorous prosecution of the League’s work, A. Paxton, the General Agent of the society, presented a report as to the effect of closing up some of the worst saloons: and concert-gardens on State and Clark streets‘in accordance with Mayor Harrison’s revocation’ of .their. li- censes in December last. based on the results of _a tour of inspection conducted by, himself, L. Searrlet, Saturday evening... Jan, 1%, and This report was (il. M. Mosher, and R. se who sym- eague and its mission. ‘Twelfth street ‘rom Twwenty-second to nearly all the saloons were empty, and nota Woman ora boy was found in one of Jerry Monroe’s garden,-which a few months before: welcomed and and locked. ‘The. place is now nobody seems to. care about buyir Owen ‘Trainor’s concert-hall, . the license for which has in some mysterious manner been festored, there were forty or fifty people, but no boys and Garden, which ‘the ; report credits w: them. in one evening 1,630,men closed le, and wit, At. boys and 29 women and girls, for only one-woman. ‘The Eagle, having once been the vilest of the vile, was found to be a-10-cent! theatre, where liquor ; Was tabooed and quite an_ audience was j being entertained. ‘I'he Pacific Garden, once @ moral slanghter-house, but now a Chris- tian mission-school, echoed to the voice of. praise and thanksgiving,—a monument of the League’s noble work in overturning thi strongholds of vice; King’s concert-h wan Italian restauran deserted, while Cha emainder of the old- e hall, was apparently dens along Clark street had been transformed nto stores. Even the ‘Tivoli, where the in- spectors expected to finda large number of carousers, was practiéally deserted, just three loomy look, and admitted that he didn’t Rnow what igmeant. Possibly it was an off. night for the Tivoli. : VOICE OF THE PEOPLE. ' A Question of Nationality. To the Editor of The Chicago Tribune, Cucaco, Jam 23,—Please.answer the fo! lowing question and settla a‘dispute: ,Of: ‘what nationality would a person be who-was born in American. waters under: the Britis! flag? _ A Coxstant READER. {It depends upon the nationality of the child’s parents.j eg “ An Old Saying. To the Editor of The Chicago Tribune. Cmcago, Jan. 23,—Is not the phrase “Put my (or your) foot in-it,” or “got my foot in it,” a vulgar. phrase? It is used often in talking and writing, and especially on the stage. " SusBSCRIBER. {It is not‘an elegant phrase, by any means, but has been employed for ages.) ©The Complexion of the House. id the Editor of The Chicago ‘Tribune, Cmcaco, Jan. 23.—Wliatis the political | complexion of the present House of Repre- sentatives in voting by States,should the next Presidential election be determined by that body? It is my impression that the Republicans have a majority of one State. " L, Paice. [No. | The Repeblicans have iyst half. If De La Matyr, of Indiana, should vote with the Democrats, that party would have the other half.} . About Books. ‘TM the Editor of The Chicago Tribune.” Cricaco, Jan. 21.—Wouldé you please an- swer the following questions through the columns of your valuable paper and oblige a contributor: 1. What is the latest edition of Webster’s Dictionary, and is thereone now in press? 2, What encyclopedia is considered the best, and which is next in merit? 3. What would be the price of Dictionary, and what for a full set of the Encyclopedia-} + [The latest edition is the one of 1879, we know of none in press. Appletons’ American Encyclopedia (sold only by sub- scription) would probably stand first, and Chambers’ next. You can. bu: arge unabridged _ for $9. Cheapest edition of the Encyclopedia in sheep will cost $96.] Spelling Reform. To the Keditor of The Chicago Tribune, ' Curcao, Jan. 24.—I-haveread with a great deal of pleasure the many communications in Tae Tripune in regard to’ the proposed change im spelling words, andI fhink a great many good suggestions have been made, but there fs one class of words which I think would be improved by changing the'spelling, but Ihave not observed that anybody has spoken of a change in them, namely: those words ending in tion” When the pronun- ciation isshun-I would propose that they bespelled s-h-u-n, instead of “tion.” These various proposed changes in spelling words may be a little awkward for a while, but I believe if the leading newspapers would con- tinue to adopt the proposed ‘new spelling Irom time to time that it would not be long until there would be a great reformation in spelling English words. HS. M “| ‘Whe Smoke Nuisance. To the Editor of The Chicago Tribune. Cutcago, Jan. 24—Iam glad to find the subject of “smoke nuisance” has found a hearing in the Common Council. It is one that calls for immediateaction. There is no Jonger any doubt that appliances already known may be used to prevent the deluge of smoke that issues from the huge smoke- stacks of elevators and factories. Owgers of such should be compelled to use them when lacking a sense of that moral obligation that naturally prompts one to do his neighbor jus- tice. Unless this nuisance can be abated, what security has one who builds a house to live in anywhere in the neighborhood of va- cant lots that a factory may not be erected, whose huge chimney may vomit cense vol- umes of smoke, to the damage of his. property and the destruction of his comfort? Such a Gam has - ready arisen in my own neighborhood. On the half block upon which my house stands there are seventeen dwelling houses, mostly owned by the occupanis, all having built with no expectation of. ever being disturbed by factories.. But afew years sincea small factory was erected, and just now another one of huge proportions has gone up, so that very soon another great Shiney: will cover every one of our houses with a black pall of smoke and soot. It is safe to say that these two chimneys, if allowed to send forth their black clouds of smoke, as they will unless the owners are compelled to apply siraoke- burners, will damage our property 50 per cent, and render our homes miserable. No man hasa rightto destroy his neighbor’s property, and, unless the Government which taxes us for its support afford us a remedy, we shall be driven to the courts for that re- dress which should come from.the former body, A SUFFERER, The Game Law. To the Editor of The Chicago Tribune. Cutcaco, Jan. 24.—In your issue of this date I find it stated in your notiee of the con- viction of Mr. James Magner before Justice Meech yesterday for selling quail out of sea- son: ‘One of Magner’s friends claims that the affair was a put-up job on the part of Gore, and that he had told Magner that he wanted a few quail for a sick lady.” In justice to Mr. Gore 1 must request you to insert this, my contradiction of the statement. There was no subterfuge resorted to on. Mr.+ Gore’s part. The South End ‘Club, of which he is -Pres- ident, had voted to prosecute all violators of the Game law, and appointed a Committee for that purpose. Mr. Gore as President of the Club is a member of that Committee, and is in duty bound“to do all in his: power to carry out the resolutions- and instructions of theClub. He simply used information, which cane into his possession not of his own seek- ing, but through Mr. Robert Magner, who offered quails tor sale, to obtain evidence against Mr, Magner. Mr. Gore’s conduct in the alfair is entirely free from the suspicion even of a“put-up job.” I and all others interested in the protection of gaine are pleased to see. that the case is'to be tested before a higher court. Indeed, it was stiggested to Mr. Magner to call to his support all interested in the violation of the law, in order to make his a testcase, Neither-I nor those interest- ed in the protection of game and the suppres- sion ‘of the illicit traffic in gume have any malice in the matter, nor do we desire to per- secute, but only to prosecute and enforce a respect for the'law, in which we should be supported by every citizen who is not ready to see the game exterminated, which is being done as rapidl as possible. Yours respect- fully, N. Rowe, editor Chicago Field. ‘A-Reminiscence of the War. ‘To the Editor of The Chicago Tribune. Franxronrt, Ill., Jan, 23.—In the talks with Gen. Grant, published a few days ago in THE TRIBUNE, mention is made of two Rebel prisoners being brought to him, one of whom produced a chew of tobacco which contained adispatch from Gen. Sheridan, the safe de- livery of which resulted in the capture of Lee. The thought must have occurred to every reader, These were brave men; they de- served well of their country. What has it done for them? _ ee One of these men was Capt. John Howard, of, I think, the Eighth Pennsylvania Cav- alry. Ife was wounded.very soon after, lost a leg, and died in hospital. His remains were taken home for burial. Gen. Sheridan visited him in hospital, and spoke kind, cheering words to him, butnoearthly power couldsave his life. -It is a remarkable factthat, while he was one of the noblest, best, and bravest young men who rallied at the first call of his country, his father was one of the, bitterest Rebel syinpathizers with which. the North ‘was cursed. E : Tam not absolutely certain, but have good reason to_believe that the other man was Robert L, Payne, a member,of the same regi- ment. Iam _ correct, Mr. Payne has never_received the slightest reward from the United States Government for- his devotion _ at that .perilous. time. He is now a resident of Lowa, ur was 2 year or two ago, dependent upon his labor for the sup- port of himself and family. He is a man of good education. correct habits, and as mod- estas he has proved himself to ‘be ‘brave.’ Thousandsare enjoying comfortable positions under the Government who are not one-hun- dreds part is Serre ie E40 Piety y only object writ is eall " tonto the matter so that Justice may atten and honor given to whom honor is due. If ani in error in regard to Mr. Payne, it will be gratifying to know who the right man is, and. will, perhaps, be the means of finding out, and causing justice to be done to some deserving man. ¢r J. Our Water Supply. To the Editor of The Chicugo ‘Irtbune. _Cnicaco, Jan. 24.—Being the direct chan- : nel through which the people may be reached, I call upon you as the guardian of , ‘public health to awaken the public to the danger to which they are hourly exposed in Oe an I led to observe the water h mn, . T was Soe iscussion of the probable effect of the washing into the lake of the Nort! Braneh,. aot since-it has added its filth to the heretofore liberal supply, the water has become so impregnated as to be’ observable while i over the - faucet while the is - flowing, and when the test of the filter is- applied the showing, is _enough,..to.. nauseate a Stok vards employé. If there is. any doubt of the condition I describe,'you have only toreverse your filter, and see acom- pound sickening to the sight and to the olfactories,—2 most distgusting reality. I ‘urge all who may read this communication to make the test I name, and maybe save to himself and family a dogtor’s bill or loss of 2 tis. of ‘no use to'ignore the fact, the water is not what it is represented, and it is wise to look to a remedy beter: out lly ca a blight such as_ we wat not 0: By [The ‘water from the North Branch is not the lake.] ‘ender Redeemable 2 pumped into Let’ the Legal-' Greenbacks Alone. + To the Editor of The Chicago Tribune. Curcaao, Jan. 24—The. able articles in your paper on the ‘“Demonetization of Greenbacks” should commend themselves to évery man in the country, who is not iden- tified with monopolies, the goldites, and “the combinations of Wall street. You, sir, should continue the war on the fraudulent and perfidious designs of these combinations, ahd let the people see and know that there is at least one. independent and outspoken newspaper in the metropolis of the Great Northwest that is not the vassal of monopo- lies. “The let well enough alone” policy should be the watchword of all parties in the coming Presidential and Congressional contest; and every man who seeks aseat in Congress at the hands of the people, whether Democrat or Republican, who is not sound on fhe question, should be incontinently rele- gated to private life. Every merchant, arti- .san, shipper, farmer, and workingian is deeply interested in this great question, be- cause the'object of wiping out the “legal- tender” quality of the greenbacks and their retirement from the circulating money of the country “covers a multitude of. sins,” that will ultimately reach the héarthstone of ever: family, if the promoters of the scheme shoul succeed, except those whose “vaulting am- -bition ” is to be capitalists, so that they could come forth from their palatial mansions in their Bildediequipnges to flaunt their purple and fine linen in the face of an outraged peo- ple, ‘This question ought to be met now and set- tled; otherwise, the insidious working of the schemers will, at no distant day,. bind in chains the liberties and happiness of the masses, present attempt of the monopo- lisi agitators, and moneyed power to change the circulating money of the country is fraught with evil that the casual reader is notaware of. It is the renewal of that strug- gle we recently passed throngh with, refer- ence to the remonetization of silver. It is‘the same thing under another name. It renews the important and vital question whether the rich shall become richer, pr the poor poorer. ‘The consummation of the scheme to destroy the greenbacks will be followed by a renéwal of the war on silver, and the establishment of a single standard, which, if successful, will result in what the moneyed power has been striving for, for a series of years, viz.: con- traction of the currency, the natural result of which would be to make money dear and property cheap. . “ The first act in the series was the changing of the contract by which the bonds of the Government were originally issued, By the law, as originally enacted, the bonds of the Government were made payable in the law- ful, money of the country, except interest, which was payable in cvin. Subsequently, by the act of 1869, the law was changed so as to make the bonds, principal ,and interest, payable in coin. The next step was the passage of the act of 1873, by which silver was demonetized, which had been lawful money sincejthe dawn of the Republic, there; by wiping out of existence about one-half of the coin circulation of the country. This was another change in the contract, because, by the force of that act, the bonds of the Government|could only be paid in gold, prin- cipal and interest; and, when this act of fraud was brought to light and exposed, and the people demanded its repeal, its authors raised the cry all over the country, “bad faith,” “changing the contract,” “repudia- tion.” But right triumphed over power. We have seen the result. I need not repeat it, Resumption is a fixed fact; our bonds are ata premiuin.. Gold and silver are money, and greenbacks at pat, business is reviving, property is gradually becoming valuable, and the whole country is on the highway to pros- perity. Fatlures in business have decreased from about 9,000 in 1877, so thatnow they are the exception instead of the rule, as then. Yet'in the face of- all these living truths the moneyed power, foldites and: bondholders, combined, through their blowers and_stri! ers, their ‘plumed knights,”are again ar- rayed against the masses and the business of the country; and attempting to secure their cherished aim by destroying the greenbacks as a circulating medium, and if they should suoveed we will go back to 1873, and again struggle througlt years of darkness and de- spair, from which we aré now beginning to emerge, and money will again become dear and property cheap, so that in ‘every’ town and’ village throughout the country you would find business prostrated, men idle, property valuless, and want seated at almost every fireside. Men will gather at the street corners and discuss the sit- uation, but they will not find relief, for the wrong will have been consummated: Sir, this is no fancy picture, for if these bloodhounds shall accomplish their designs thei it will be too late. Nowis ti time for action... ‘The question is now presented to all men outside of the charmed circle, Shall they auereed 2 i ur country is increasing in ulation business is on the upward grade, dedemand fora errenlaling inedium: is becoming en- larged, and yet these great financiers are de- termined, if in their power, ta wipe out of existence over three hundred and fifty mill- fons of money; and, as an excuse, they'say it is paying off a part of the public debt. and National-bank notes will take the place of. the: greenbacks.. This is a specious argu~ inent,,but false in its conclusion. The green- backs area legal tender, at par with gold and silver, has the confidence of the. world, and the Government pays no interes; upon them. Personally, Tam not in favor of Na- tional banks. I believe them to be wrong on principle, and to be in the interest of a fa- Vored class. In proof of my views I cite the remarks of Mr. ‘Townshend, member of Con- gress from this State, in the House of Repre- senratives, on the subject of National banks: 'r. Townshend—The only tax any othor class of banks is. 301000), INS {Townshend) stood on the platform erected by Thomas Jefferson, and that was, he was opposed foany kind of bank paper, Stite or National. [Applause on the Democratic side.) - He culled ittention to the fact that 2 National bank in New York with a capital of $500.00) had made a itseapital) in dividends on Danie stots toot bank stock. had added $500,600 to their surplus fuednand hey set aside as undivided profit $287, He al- 000. luded to the First National Bank of New York. i wetI say, “Let well enough alone.” On the question of finances “Jet us have peace,”? so that the country: may go on prospering, and all its citizens rest secure in the belief of its permanence and greatness as a Nation, S. Asirron, The South Town Commissio De To,the Editor of The Chicago Teun CrcGo, Jan, 24.—As the time is close at hand for the selection of a member of the South Park Board to sueceed .Mr. James Morgan, of Hyde Park, the consideration of ithe following facts may be of- interest to the public: erg The Board of South Park Commissioné: composed of five. members, was organized in 1869. ‘Their:first Official report, dated “March 41,1872, says that under the act establishing the South Park the lands designated in: said act were formally selected by. the Commis- sioners, and an accurate description of the same placed.upon their records; that: the cost of the lands was estimated; ‘that..the* Circuit Court appointed three assessors to’ ussess the amounts upon the property bene- fited by the location of the park. The As- Sessors entered at-once upon the perform- ance of their- duties, and their report was filed in the Court June 14, 1872, showing the water now offered for general; a ‘total assessmer tributed as follower Penedits Sam a, raced situated in Hyde Pa rk. . Be Parks property in South Chicago and 32 pay to the owners of Property. the sam pt SUSIL.0 reatly yantage of the people of Hy; to the ‘parks being at their dee rae Ong The Cammissioners in spea re, sessment say: “Itis not to ag ot tax in proportion to value, but in vied to the benefits derived from the ‘ment. ‘The principal benest ne net. property situated along and near testo owing to the enhanced value given” property. . . So far as the ara Su formed, all the owners of such ‘proj \s hn. desirous that the work should be peou! a without unnecessary delay, ang Broseeuteg + and willing to pay their assessments’, ready as the same are confirmed.” ‘Thy *8S00n the owners of property in Hyde Park ami? assessments atta gain to them. matey asa of The West Park has a frontage of two half miles, and the East Park has g fro of four miles, and the frontage on the ni vards and Plaisance is nine milég, bo It is useless now to discuss'the wisdom the purchase of the parks; ‘The ot owners of .Hyde Park now have iets benefit of the parks, and haya been fait full for their lands taken for park sess A No pleacan consistently be made fe Commissjoners from Hyde Park, pea Cornell, as Commissioner, is fatt ran look affer her interests. ‘The fact gle 19 Chicago and Lake have paid ex jest South portion of the cost of the parks will nae Tan EB able them to take the parks away, ~ still remains in Hyde Park, and, vy. 7 The there even if it has all been paid ior. “it true that the act of the Legislature “His ing the parks fixed their boupdarias, agli the scheme 4, fine speculation for the 5 of Hyde Park property, its originators, this isa matter of the past, and tear of the parks being removed count, or of the curtailment of privileges of the people of though the value of Hyde i iat Bue there'tg au tha? By fe Pare gee Property hag been greatly enhanced by the parks can bono reasonable fear of dene ere values orn if Hyde ark should not an tinue ave two . Commi: a vested rights are ae i Hssloners “Her ere are certain matters connected iit; the future of the South Parks nw ‘Town of South Chicago has an especial inter est. ar The amount of the annual Tot exreed. ing in any one year SO on : tor the payment of the interest on the bo sued by said Board, and for the im; rovement, maintenance, and government oF said park. during the next succeeding year, is lef fo the discretion of the Park Commissfoners" ‘The tax for the past eleven years, has been, with two exceptions, $300,000 per annam! This tax is levied in proportion to the valug of the property taxed, and all the pro) tty in, South Chicago, Lake, and Hi de eae ft taxed therefor, according to valution, but ig is all expended for maintenance and gor ermnent a Gvde ae Of this annual tar of $300, uu hicago pays. $249.9¢9.5r 833-10 of the entire tax; Take, s ot 96-10; and Hyde Park $21,303, or 710: and of this $21 302, not more than $6,000, or3 per cent, is paid by the people who live in Hus Park. ‘Che following statement shows*th amounts annually levied on the- taxable roperty of said: towns to pay interest on Ponts, and for the improvement, : main. tenance, and government of said parks:- B, Year. South Chicago. Hie Parte: ate, 1869 253,629 200 '§ 19K 200, BS 1019" “ker RSH: S65, nS 31500 | sao9 O83 “Ios ore. : S00 A209: Fitts ae Si Total ........-S251T188 $278 593 SNA It is worthy, of notice that the annual tar on Hyde Park property since 1874 has been steadily decreasing, and this notwithstanding + the large expenditures in Hyde Park of ths -park taxes paid by South Chicago and Laka for the improvement of the parks forsomany years. an In addition to the forego} annual tax, South Chicago is irrevocably-bound. for any deficiency arising through acquiring title to said park; that is, forthe uncolleet lance of the Hyde Park asséssment for benefits on Hyde Park property the three towns are equally bound, but any Gefeleney tobemade ' up ean only be assessed. on all the taxable property of said towns, acco! -to- value, and not according to benefits, Froperty in Hyde Park has not been subjected to any special assessments for the general bettefits resulting from the location of the South Parks, and could not be_under the decision’ of the Supreme Court. It is not known how much this deficiency will amount to, bugit ig bkely to be more than the of South Chicago will be pleased with. ° The salaries of officers of the Board, and also those.of Superintendent, Engineer, Cok lector of assessments for benefits, and of sundry other officials, including the fees paid to lawyers, are remarkably libe! au for trust funds that should be economically used by the Park Commissioners, - The Com missioners have published, up to Dec. 1, 183, eight official reports, from which I take the following figures as to expendifures for the government of the park, to-wit: Salaries of ! 5 i BE Officers, $90,927; attorneys’.fees and legal ex- penses, $92, salaries of ‘Superintendent . of Park, of Engineer,and assistant and staff, $50,962; police. department, 360,312; tary aad collector of special assessmenl $24,357; cost and expenses of collection tax cértificates, $17,079; salaries of assessors 4,27 T omit all. expendjtures for mir terials and labor. I might go on and‘ente imerate other items for expense of govert ment of the park, but the foregoing: items are suflicient to suggest that, in the interest of the taxpayers, there is room. for he exercise .of economy and _reform «a, the government of the park. The amo oe paid to residents of South Chicago. for ries, or for legal services, is a very sm T° centage of the suin total expended.” Hyde. Park certainly gets the lion’s share of ths money expended for the maintenance nt government of the park; and the «people that village receive in’ salaries every year much more than they contgibute in park "ANbile the property of Hiyd Park, regark “While the prope! of Hyde iq Jess of the residence of its owners, fias bn . a per cant interest, aud the people, ot HI ark and the property own buta2per centinterest, T think te must be - evident to every reasonable person ! i Park is not entitled to two ‘Commissioners or 40 per cent of the tax-levying power Commissioner out of five Rives aA cent of the control, or ten times more their 2 per cent interest is, which woul tainly seem to be very liberal treatment! Hyde Park. ont he Town of South Chicago, by Teast? ¢ the payment of five-sixths of the annual {8% as well as by reason of her large, population, ig fairly entitled to four of the five C mans sioners, and- Hyde’ Park and Lake scan With justice be entitled to b Mr, Paul Cornell now represe! ye ese Mr. John B, Sherman, while his dence is in South Chicago, is the represen tive of Lake, where his business interests are, South Chicago is certainly not “25% anything unreasonable in asking for, Owe” pointment of a resident of the South Mark: to succeed Mr. Morgan on the Ist of next. . 2 the cit It is to be hoped that the Judges of tha na cuit Court, in making their selection, ChE point 2 good and active man from South’ cago,—one who will have the courage ty. x ability to insist upon the reduction .of penses in the management and covers of the park, and who willdo everything i i ver to stop leaks and abolish sin eg Such aman is sadly needed in the Board; and, assuming that the Judges will only a Democrat for the place, let us. that they will give us an upright man, i the above-named qualifications, and cand - ans will be satisfied, even thou Wour * Democrat. CaLvix DR ee ——— MISSISSIPPI RIVER IMPROVEMENT. Special Dispatch to The Chicayo Es eeeuenty ol . Sr. Louis; Mo., Jan. 24—The Mississtor. River Improvement Commission Petr to-day to meet in Washington on the ° & February, ‘Phe. report will bo presented. 18° Congress about the ist of March. oprtain : be: 7 be a recommendation for an approP! carry out the plans and estimates madé the Committee. ‘The amount fi) o¢ may asked for is not given, but it Is Tat . be ‘between $3,000,000 and $4,000 aia Commission have already expendes neighborhood’ of $50,000 in ‘ation eneral expenses. 2 approprin ye Congress for the preliminary #4 $175,000. ‘They have 200 men emp, triangulating, making soundings ane and in getting velocities’of the eo Doel total expenses run up. in the nelg! of $13,000 2 month: ‘ ‘ a a Hop soot A excuse for sick fi fs that you don’t use enone