Chicago Daily Tribune Newspaper, February 15, 1880, Page 6

6 <BRUARY 15, 1880—SIXTEEN PAGES. XN either cut the rate, gave passes, or was in FINANCE AND TRADE. The Stock Market Closes with a De- cidedly Bullish Look. Advance in Quotations Along Nearly the Whole List. Produce Markets Firmer, with a Steadier Tone. The Provisions Quiet—A ‘Better Shipping De- mand for Oorn. FINANCIAL. There were very few exceptions to the ad- vance yesterday. The coal stocks, which have ‘been one of the weakest spots in the market, made heavy gains. Delaware & Hudson ad- vanced 2%, to 75%: Lackawanna to 2%, to Jersey Central 234, to 81; and Heading 3%, to 653;. The agreement to stop coal-mining for a fortnight was the cause of this upward move- meng, Jersey Central and Reading had another reason for their gain in the reported scttlement of the oil traffic and the restoration of the rates, which have ranged during the last six months irom 10 to 35c a bri to their old figure $1.00 and $125a bri. Both these roads do a heavy oil trafic. The New York Central, Eric, and Pennsylvania Roads will also secure additional earnings of many millions of dollars if the rates are raised. Mobile & Ohio went up 1:4 on re- ports of new and important connections. The upward move in Obio & Mississippi goes on, although declared “ officially” to have no basis, ‘The advance yesterday was 4%, to 744%. North- ‘western was not largely dealt in, but was strong, and went up 1% for the common, to 90%; and 45 for the preferred, to 1054. It is reported that this company bas already earned enough to pay 8% per cent dividends on the common and pre- ferred for the first half of the year. In noticing the increased earnings at this time it must not be forgotten that at this time lest year the Dusiness of the road was very light. Other gains were New York Central %, to 12: Michigan Central 1, to 90; St. Paul %, to 78%; the preferred 34, to 103; Illinois Central 34, to 1014; Burlington & Quincy 2%, to 147%; Louisville & Nashville 533, to 1394; Unien Pacific 14, to 25; Erie 4%, 10478; Obio & Mississippi 1%, to BR; Iron Mountain 1%, to 62%: Columbus, Chica- go & Indiana Central %, to 21%; Can- ada Southern %, to 69%; Wabash 1, to 45%; the preferred %, to 69%; Minneapolis 3, to 58; Western Union 1, to 106; Atlantic & Pacific 34, to 44%; Northern Pacifi€ preferred ¥,to56X; Pacific Mail %, to 4033; Lake Erie & Western %, toWxX; Chicago, St. Louis & New Orleans 24, to 4214; and Central Arizona 134, to St. ‘The only losses were Lake Shore ¥, to 1%; Erie preferred 34, to 2X; St. Joe %, to 40; the preferred };, to 70%; Kansas & Texas }4, to 46%, and San Francisco preferred X, to 57%. ‘The temper of the public was more speculative than forsome time past, and there was an in- crease in the purchases for. a rise, though as far asChicago is concerned these were not heavy. ‘The rapid rise of yesterday looks very much as if there had been an extensive covering of shorts. Boston Water Power was 1714; Chicago, Clin- on, Dubuque & Mipnessta, and San Fran- cisco preferred, 77 t6 78; Flint & Pere Marquette consolidated bonds, 79 to 80. Erie second 6s opened at $3 and closed at 9335. In railroad bonds, in New York on Thursday, alarge business was transacted, especially in the Eric issues, which advanced from 913; to 2X for consolidated seconds, and from 8% to €y for funded 5s, the final sales being at the highest figures of the day; the dealings in the former amounted to $1,559,000, and in the latter to , $467,000. Iron Mountain issues were actively traded in; firsts sold at 14; do preferred incomes at 94@9114; seconds at 10%@ 101; do preferred incomes at 79@S1. Chesapeake & Ohio firsts advanced from 66 to 67;.do cur- rency 6s from 41 to 41% on an increased busi- ness. Indianapolis, Bloomington & Western issues were firm, especially the incomes, which rose from 62 to 64. Kansas & Texas firsts rose to 105@105};, while do seconds fell off from #8iz to 67%. Texas Pacific incomes ad- vanced from 1613 to 7; C.,C. & LC. incomes from 43% to 44;%nternational & Great Northern second incomes from 7 to 72; International sec- onds Purchasing Committee.receipts from 43 to 47; and Metropolitan Elevated firsts from 102 to 1@};. i Chicago is a free seller of Government bonds, except the District of Columbia 3.65s, which are in demand. They were 9% bid and 913; asked The 4s were, in New York, 1065; bid and 106% asked; theChicago quotations were 106%@100\ Did and 106%; asked. The 4% were 10S}; and 108%; the 5s, 103 and 1034; and the 6s, 105% and 105%. Foreign exchange was dull and weak. In sterling the posted rates advanced to 48¢and 48614. New York actual rates were 483@493% and 485@485%. In Chicago actual rates were 4834 and 48514. Sterlifg commercial bills were 4814,@481%. Paris bills, 5°3%4@5%2{; Antwerp, $25; and Havre, 5%%. German commercial bills were 94. Currency orders were light, and New York ex- change was firm between banks at par. Dis- counts were in moderate demand at 6@S per cent at the banks, and 6@7 per cent on the street. Chicago bank clearings for the week are re- Ported as follows by Manager D. R. Hale, of the Chicago Clearing-House: Gtearings. Balances. 2 GGG 4S0NG Fst BIT 725, ‘There were large transactions between dealers in West Chicago 5s on terms not stated. It is be- Ueved that these bonds are now held in bulk by two dealers. The retail price is 10233. On the Chicago Mining Board there were sales of Levinthun, 1,000 shares ut 35; Original Key- stone, 100 at $2.00; Boston consolidated. 100 at $1.40; Silver Cliff, 3,000 at 20 seller 10. ‘The tol- Jowing quotations were made: Hild. Anica. 35 Leviathan. Original Keystone. Conrolidate 20D Sznee Boston Consolidat 335 i Chilean & 3 20 bas Sook County wit Cook County ne ee West Chicage 5s. Lincoin Park 7s. North Chicago Ci en Chicazo West Division Railway 7: Chicago, Milwaukee & St, P., Dakota Ex.’ Yirst National Kant NK. I tional Bani Union National Bank... Xational Bank of Llinots... Merchants’ Savings, Loan Hide £ Leather. International. . North Chicago City Htallway. ahost Division City Hatiwa mw 0 Cotton opened barely steady at 1324¢ for March and 13.40¢ for “ApEil, peep hel with Some i provement at 13.48¢ for April and 13.00c for of the Northern Pacific 1880, are $31,613; for Jan- ey were $57,014, an increase of The gross carnin, Railroad for Jnnuarss wary. 1879, th CU0K COUNTY AND WEST CHICAGOSPER CENT BONDS. MILWAUKEE & ST. PAUL FIRST MORTGAGE 7 PER CENT BONDS, due tn 1908. INVESTMENT BONDS OF ALL KINDS. CHARLES HENROTIN, 2 105 Washington-st. THE MERCHANTS’ SAVINGS, LOAN AND TRUST COMPANY. Buy and Sell ONITED STATES BONDS and LOCAL INVESTMENT SECURITIES. Also pay the highest market price for Chicago City Scrip. TRASK & FRANCIS, Rankers and Brokers, : W RROADWAY, N.Y. Members of the New York Stock Exchange and New York Mining Stock Exchange. Allclasses of Securities Bourht and Sold on Commis- sion and Carried on Murgins. Daily Market Letters sent to Customers. THE FIRST NATIONAL BANK OF CHICAGO ‘Has for sale a larxe line of choice 6and7 percent Ratiroad First MORTGAGE BONDS. ~ Milwaukee & St Pan) Ists, bearing 7 per cent, due in 105, are for sale at 110 and interest. BY TELEGRAPH. NEW YORE. Rew Yous, Feb. 14.—Governments fairly act- f ive and generally firm, except for 4448 and 4s, which declined H@X per cent. Railroad bonds firm and generally higher, with Iron Mountain and Erie issues the favorits. State securities dull and without feature. The stock market was active and buoyant, the advance in prices ranging from 1% to6%4 per cent. Louisville & Nashville advanced 6%, and the remainder of the list 4 to5 per cent, the lat- ter foftigiie, Watertown & Ozdensburg. Iron Mountain, Ohio & Mississippi common, coal stocks, Gragers, and Western Union were active. ‘The transactions were very heavy towards the close. The highest quotations of the day were generally current in the final sal jes. ‘Transactions, 300,000 shares: 1,600 Atlantic & Pacific Telezraph, 2,000 Canada Southern, 1 ©..C. & 1. C., 30,000 Lackawanna, 6.300 Delaware & Hudson, 40,000 Erie, 3,200 Hanibal & St. Joseph, 25,000 Iron’ Mountain,’ 1,000 Kansas & Texas, 12.- 000 Lake Shore, 4,000 Louis’ Lake Erie & Western, 2,400 Michi; sville & Nashville, 2,000 00 5 in Central, 8,000 Northwestern, 1000 Nashville, Chatta- nooga & St. Louis, which closed at 93%, 18,000 New Jersey Central, 2,000 Ohios, 3,300 Pacific Mail, 5,400St. Paul, 2.600 St. Louis & San Fran- cisco preferred. 3200 Union Pacitic, 8,000 Wabash Pacitic, 14,000 Western Union, 3,000 Cent tral Ari- zona, and 1,200 Little Pittsburg. Loans, $1,751,000; Iegal-tenders, increase. $245,100; de- their legal Mon ‘The following is the weekly bank statement: inerdase, £6360); specie, increase, osits, increase. 32,7 $3.00): reserve, incrense, £1.319,(2: ‘The banks now hold $4,650,415 in excess of requirements. 4@5, closing at 5. Prime mercantile pa- 900; circulation, increase, amy Gs. 5 Tr, H5' - PSterling exchange steady; sixty days, 453; Bight, 485%. C.. B.& Chicxgo & Alto Chicas New York Central Sitentean Centr Western Unions. 10h, cl ste n.. 5 bE at beatat Atlantic & Pacitic Tel, a8 2 St. Paul... St Paul, preferred. ScPaul & Minneay St Paul GOVERNMENT BONDS. 10534 Now 4s... fg] Pacific 68 BoNDs. 4!'Tennessee 6s. NSIEL & St. Jo, pfd. fron Mountain. St. 1. & San F StL. & S. F., pd. & Alton. ‘ork Cent {Northern Pacitic:... Northern Pacific, ‘pid. Rouiectle. & Nash ms. Wells Fargo. : American Express... United States Express Quicksiive !Quicksilve: Leadville... C. P. bonds. 41 U. P. fiesta. polis 3 Tan ae sinking funds. Lehizh X Wilkesbarre 1 ul & S.C... lO W. StL. & P. pia. Hshnibai & S¢ Jo.. FOREIGN. Lonvon, Feb. 14.—Consols, 98 1-16. American securities—New 5s, 100; ale, 10%; 4s, 109}; Minois Central, 1013; Pennsylvania Central, 34; Erie, 4055; seconds, #5; Reading, Fie ‘The bullion withdrawn from Ce gaa of En- gland on balance to-day was £50, Pants, Feb. 1£—Rentes, 82f 25c. : MINING STOCKS. = SAN FRANCISCO. Saw Frawscisco, Cal., Feb. 14.—The following are the closing quotations at the Stock Bi ‘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: SHIPMENTS. 1580. | 1579. Fionr, bris. 4, 2, $43 Wheat, bu. ene 233 ‘Corn, bi 346i 135]... 05 00) 2,753 Withdrawn from store during Friday for city consumption: 2,251 bu wheat, 5,048 bu barley. The following grain was inspected into store in this city Saturday morning: 5 cars winter wheat, cars No.2 spring, 19 cars No. 3 do,4 cars rejected, 1 car no grade (61 wheat); 136 cars No. 2 corn, 77 cars high-mixed, 39 cars new mixed, 10 cars rejected (262 corn); 15 cars white oats, 13 cars No. 2 mixed, 11 cars rejected (9 oats); 5 cars No. 2 rye, 3 cars rejected; 1 car No.2 barley, 8 cars No. 3 do, 1 cars extra, 6 cars feed (26 barley). Total. 396 cars, or 193,000 bu. Inspected out: 3,39 bu wheat, 1,500bu corn, 200 bu oats, 858 bu xye, 2,916 bu barley. . : The following table shows the movement of breadstuffs and live stock in this city for the week ending Feb. 14, with comparisons: Feb. 18, kA 1580, 51,032 (oak X OBR, NO. etahers: 8 The lea farkets were generally firmer Saturday, and fairly steady, though the foreign advices gave little encouragement to strength. Wheat opened %c lower, but ad- vanced 1'4c. Corn improved about 4c under a good shipping demand, chiefly for receipts in specified houses. Pork was about 10c lower early, but reacted 2c, and lard moved in the same direction, buta little more slowly. Mess pork closed 10c higher, at $11.5734@11.60 for seller March and $11.72!5@1L75 for Apri. Lard closed 5c higher, at $7-0@7.2% for new seller ‘March and $7.99@7.321 for April. Short ribsclosed at $5.25 for March. Spring wheat closed xc high- er, nt $1.23; for spot and $1.23% for March. Corn closed Xc higher, at 363:c spot and 40%¢ for May. Oats closed steadier, at 353¢ seller May and 314 seller April. Rye was quiet at 75e spot and 73% @iic for March. Barley closed steady at 76c for spot No. 2, and at 50@36%c for do extra3. Hogs were active and firm at $4.20@4.35 for ight and at $4.15@4.60 for heavy. Cuttle were in fair demand ut steady prices. Sales at $2.40@5.55. Jobbers of dry goods report a satisfactory business doing. Buyers are beginning to arrive in considerabie numbers, and un increase in the mail-order trade is also reported: Prices show great strength. There was nothing new to note in connection with the. boot and shoe trade. Groceries were in fair demand, with coffees and sugars held higher. The former advanced c and the latter 4c. Dried fruits remained quict. The changes in values were con- fined to an advance of Xc in blackberries, and a decline of }cin new prunes. Fish were quoted steady and unchanged. There wns a fair movement in dairy products at firmly-sustained prices. No changes were reported in values of leather, tobacco, bagging, and pig-iron. Oils were generally steady. Coalwas dull as pre- viously quoted. The lumber market was steady under an im- proved inquiry. The increased shipments in- dicate :mote activity at interior points. Wool was firm under a continued good demand from ‘Western manufacturers. Hides were quoted weak under liberal supplies, and the Eastern markets are said to be depressed by large offer- ings of foreign hides. Seeds weresteady, except timothy, which was quoted easier, more seed be- ing offered, and buyers betd back. Hay was ir- regular, the low grades being quoted weak owing tofree offerings. Poultry was steady under 8 fair local inquiry. ‘The prop Juniata was reported chartered yes- terday for corn and the schr Nelson for oats, to load now and take the grain to Buffalo in the spring. The rate for corn is now quoted %t 7c by sail. It is understood that a number of ves- sels have been engaged to bring iron ore here from Escanaba at $1.25 per ton,—some of them having been secured for the season at that rate. A leading banking and commission firm in London writes to a correspondent in this city: People belleve here that the American combination will not be able to carry, for any Jength of time, the enormous quantities of wheat they are holding now. Should there be a collapse, # panic on our side would, of course, be inevitable. ‘This contains ‘nothing new, but is one of sev- eral expressions of that opinion which we have heretofore reported to obtain on the other sido of the Atlantic. That is why buyers there have held off so long, and alltho more persist- ently as ‘The wish was father, Harry, to that thought. It may be well, however, to remember, as we intimated yesterday, that no one here knows anything as to the extent of the “ combination” which is so freely talked about here and in Europe. The big man who is supposed to con- trol the deal probably does not give all his orders toone firm, if he gives any,ond the firm that sometimes receives orders from him is certainly transacting business for others us well. The wheat is, held bya great many people, all of whom had faith in the article when they bought, however it may be now. PROVISIONS.> é HOG PRODUCTS—Were less active, and the busi- ness was chletly in changes from March into April, butaveraged stronger, ‘The market declined early 10c on pork and 5c on lard, in sympathy with 6a drop in Liverpool on lard and meats, and an easier feeling reported from the Stock-Yards. But it was soon found that there was not much on sale, and then the market advanced 2c on pork and 10¢ on lard from the lowest prices of the day. The packing of this city since Nov. 1 is reported as 2,156,000 hogs, against 2,670,- 00) to Same date last year, and 2,70,00 two yeurs ago. The packing of Cincinnati, St. Louls, Milwaukee, In- dianapolis, Peoria, and-Kunsas City exhibits a marked falling off, while Louisville, Atchison, and Quincy show a guin. Mrss PORK—Acvanced 10c from the jatest prices of Friday, and closed firm at $11.80@11.59 for spot or seller the month, f1Los@1L@ seller March, and {LZ 1L%5 seller April. Sules were reported of 2H bris spot, at, $1150; 15,50) bris seller March at $11.40311.0); and 2520 béls seller April at #1LS5@1L-73, ‘Total, 420) 5 ‘LARD—Advanced 5¢ per 100 Ibs from the Jatest prices. of Friday, and closed ling, at, liter for shotor Feller the month, #7. 234 seller March, and £7. 7234 seller April. Sales were reported ‘of 7,000 tes Beller Snrch at Si.inacr-wigt and 400 tes seller Aprit 1 GTS. tes: ‘MiraTs—Were in’ better demand, and advanced about ie per Ib, which shut out some orders for sbip- ment.’ There was a rood trade in local futures. Sales were reported of 20) boxes shoulders at 4c: 900 boxes long und short clears at 8i37}466.45; 1,525,000 Ibs short bs at N¢ seller March, $i7G610 seller ech.ts seller May; 160,000 n do at $6.0 spot; 30,00 Ibs green hams ut Te for 16-Ib to Ge for Wib averages. Prices for the leading cuts Pere about as follows at 2 o'clock for partly cured ots: th ‘Short |Shoul-/L.& S.| Short ribs. | ders. OSE... 6.25 Eetrunen bo 0 | 2 | eB | eB ruary, DOXe x Maren, boxed, 6 | 40 | 60 | ooo |, boxed. Go | 45 | 6 | 60 Short ribs, sclier March, closea at %25. . Long clears quoted at $6.10 loose and $1.0) boxed; Cumber- Xe boxed; long cut hams, Se8ife; swe! i@ig averaxe; larch, jands, pickled ‘hams quoted ‘at ase, for green hams, same average. Geie; doseller M: Genie; green shoulders, Hc. acon quoted at 434 for shoulders, 6j¢@ie for short ribs, 7@7i4¢ for short clears, X¢9}¢e for hams, all nvased and packed. GHEASE—Was quiet at 6¢bHc for white, S4@5i4e for good yellow. und i3¢asc for brown; country do was juoted at Si{G@5%c for white, 4{c for yellow, and 4c for brown, with sales of 50 pkzs at sic. _ BEEF—Was quiet at $1.2567.00 for mess, §7.75@8.00 extra mess, for und $14.00614.50 for hanis. TALLOW—Was quoted at Sete forclty, 3éefor No. 1 country, and Sic for No.2 do, with sule of 100 city ut Sige. __“_* BRESDSTUFFS. FLOUR—Was dull und stendy. There was little de- mand, but holders were firm, in sympathy with wheat, while exporters could not sill their orders at the tig- ures asked. Sales were reported of 100 bris winters at $6024; 490 bris springs at $5.40 for fair to $7.50 for patents; 10) bris supers st $1.75; 7 bris no grade at $3.12; and 100 brls rye-flour oni private terms. Total, 80 bris. Exportextras were quoted at $.00@525 in sacks, and double extras do at $5.25@5.75. OTHER MILLSTUFYS—Sales were 6 cars bran at $12.00 @15.00 per ton; 1car middlings at $15.00; 1 car wheat screenings at £6.50. Coarse corn-meal was nominal at $12.25 per ton on track. SPRING WHEAT—Was moderately active, and averaged stronger; it fell off 5c enrly, but reacted Uige, und closed 34c above the Istest prices of Friday. ‘There was no special reason for strength, a firm fecl- ing in New York being offset by a generally easier feeling in Liverpool and London. Neither was there much demand here, but comparatively little offering, for which reason one ortwa buying orders for Inrce lows could only be filled by the purchase of single fives on agradually stiffening market. The deal was asurprise to mauy, as they had expected n drop, both here und on the seaboard; the strength in New York was shrewdly suspected by some to be a consequence of the fuilure of negotiations looking towards lower rail freights'to the seaboard. ‘There was a moderate shipping demund, but prices were irregular for No.3, depending on’ location. Car-lots of No. 3 closed at #12. Seller“ Murch and advanced to $1.24, Seller the month was heart #4, closing at $125%%.. Seller April was in closing at nominal at fair 36,400 bu No.2 at $1.22 uy No. $in Central at #1.08@1.051¢; 1,600 04; 3.200 bu do in “A. 1D, & Co.'s Fejucted ats2ide; and 6000 bu by sample Votal iu. es were 800 bu No. 2red in Cen- ant bu No, 2 Minnesota, fresh receipt, at BL, CORN—Was more active, and decidly stronger, the summer futures advancing 3c and closing %e¢ above the Intest prices of Friday, while the nenrer futures advanced fully 4c. ‘The British advices noted a firm tone, with an fetive demand. nt full prices for cargoes on passage, and New York was held ic higher after the openmz sales, while wheat here was firmer. ‘This in- duced a better speculative demand. ‘The most striking point in the market, however, was tho wider differ- ence which existed between the prices paid for No.2 in the different elevators. Rock Isiund receipts closed atiee for stit-edred: do in Central, Solace; and in other houses at about S6i{¢, ‘The difference was un- derstood to be owing to tne fact thnt some houses are making a much more liberal rebate on storaze to shippers than athers uro. There was more competition among shippers than usual. Seller Muay opened at Giiéc- advanced wo tle. und closed aiusier0ige, Seller uoted at SBSH, demand at $1.23:4@1. 3434, and May quiet at $1.25@1. Spot sules were reported of y L234; 1,600 bi do tn City ats O3i(a. at SLI 0 bu outside. Seller March d at. Sccaiie ape at . Seller March ranged ni EC at ic, June at O'sGilc, and July at diel) all “closing "at about” outside ‘quotations © Spot males were reported of 135.00 x high-mixed | Gure: 1300 bu new hizh- mixed. at 35 1200 bu ‘new mixed at 31s Ife: 400 bu by sample at 3 ei iree_on boar Total, 185,500 bi DK , 0. W'S—Were quiet, averazing a little higher. ‘The receipts were smaller, and the market improved in company with other grain. though the demand was rather light. Seller May soid at 23a@asec, und closed stoudy at the outside. April was quict at sIly@3iiie. Giit-edve No. 2 was salable at 314«31Yo, with’ meagre offerings, most receivers preferring to sell by sample. The track offerings were smaller, but sufficed to meet the wants of shippers and the ‘local _feedmen, Cash sales were reported of 3.700 bu. 2 at Bg Sie; 11,20 bu by sample at. aL a track; aud 0 bu at S2e3i¢e free on board. ‘Total, 32.200 bu. ‘RYE—Was quiet und steady. ‘The sample lots were taken chiefly Dy the local trade. ‘No. 2 fresh sold at ie, and full would, perhaps, have brought He mor for suuIment bur duiside orders wero scarce. Marclrwis'nomlnal nt Terie. Ci were reported of $00 bu No. 2 at at Taiecvcilxe on track, 800 bu at 78@isiZe free on bonrd. ‘Total, 4.0 bn. BATLEY—Was inactive and nominally steady at ‘T6c bid for Ni and 76@56}4c for spot extra 3. t= ures were quoted at ie for No.2 and Sic for extra, both seller March. “The reccipts were offered by sample, und focal consumers took a few curs. Cas! sales were noted of SN bu No. Yat sie; 816) bu by saniple at: 40e on track, ang a at ree on board. ‘Total, 10,000 bu. BY TELEGRAPH. FOREIGN. Special Dispatch to The Cheago Tribune, LIVERPOOL. Feb, W—11:30a, m.—FLOUR—No. 1, 12s .% 99.9. 1N—Whent—Winter, No. 1, Ils 44; No.2, 10s 64; spring, No.1, 10s 10d: No. 2, 10s 2a: white, No. 1, 108 9d; No.2, 108 3d: club, No.1, lis 4; No.2, 10s 34. ‘Com— New, No. 1, 58 3d; old, No. 1, 53 7a. PROVISIONS—Pork, 8. Lard, 33s 6d. AVERPoOL, Feb. 1. ;CoTTON—In moderate tn- quiry at 7¢@73éd; sales 8,000 bales; speculation and Pnovistons—Lard, American, 38s 62. Bacon, long clear, 313; short do, 363. LONDON, Feb. .—REFINED PETROLEUM—6}{d. SPIRIrs TORPENTINE—3is. ANIWERP. Feb. Ee SRN OLED ISee zs of tetollowing were received by the Chicago Board LIVERPOOL, Feb, 14.—Wheat dull and easier; Finter, Lis 2d; No, 3 spring, IOs Sd; No. 3. 10s 3d. Korine fornia declined 2d. Corn in fair’demand and frm at Sx4d. Curzoes off coast—Wheat dull; Callfornin de- clined 1s; red winter and No.2 spring, Is 3d. Arrived Wheat dull und easter. Corn in fair demand and firm. ‘To arrive—Wheat dull and neglected; No.2 spring and California declined 1s. Corn active at full prices. Pork—Western P. M., 0s. dull and lower; Ss Gd." Bacon dull ‘and 6d lower; L. Cx His G4; 8.C.36sGd. ‘Tallow—wis. Cheese, 13s.’ Beof— LoNvox, Feb. 11,—LtvenPoor—Whent rather ens- ser; California, 10s 94@lis 3d; white Michigan, lis 2d; rm firm. Caroes off const— No. 2 spring, 51s; red winter, Us 3d. rm. Wheat rather easier; fair average fori See Coes pasear forni mn ti ot inactive. Corn active st ful! prices. Good shipping California srheot, jist shipped, 52s: nearly due, ES Gd. Fair average quality of No. 2 ‘Chicaso Spring wheat for shipment faring the presentand following month, 01 NEW YORK. ca ey th NEw Youre, Feb. 14—Corros—Quiet at GY4GIs Futures steady; Febrary, 1319¢; March, 1.2tc; April, 13.48c; May, + Jane, 1288e; July, 1295e; August, 1.00G1L.01e; September, 13.55¢; October, I272c. FLour—Firmer; receipts, '3,700 bris; supertine State aud Western, $350; common to good extra, %.40G 5.35; good to choice.£5.71 625; extra Ohio, 3.0870; Sota patent process, 37.0068.75. Guars—Wheat unsettled; receipts, 11,000 bu; un- ( -become citizens of the | Yellowstone for more ho: graded spring, No. ni #1. iwaukee, Onis atroneors reselpia Fs re GiSer white do, se5z6H0e. TAY Firm at 70. Hors—Nominal, ffee quiet but stezdy. Gnroceties—C but firm; fair to ood refining, HCC seady. Hice in fair demand. EETROLEUMSteadys United, 340s refined, Market dull at 64G0}6c. RESIN—Dull and uschanged. arket dull; Western, LEATHER—In good demand; hemlock sole Buenos Ayres and Ito Grande light middies and heavy weights, 502%. Woor—Demnnd active; domestic fleece, 3@55e; Pulled. 30%5%e; un washed, 19¢ivie; Texas, 21G40c. PROVISIONS Pork noininally) unchansed. | Reet quiet und unchanged. Cut meats gut $ Tone etear, middies exe: ‘short 40, fe. Lard, demand rer ime stant, $7.00 7.0 Surat quiet fc. Molasses, crude, S4@THe; —Market dull; Se ae arket dull at $1. METALS—Munufactured copper quiet _but steady; Rew sheathing, %c; ingot luke, 234@2#4c. Iron, Scotch pig dull ‘and wenk nt3i@sic:, American quiet ‘but firm at. 2: Rusais sheeting, 1354C._ Hineh, 2060.13. Cut, $5.1 THE INDIANS. THE MENOMINEES. * Special Dispatch to The Chicago Tribune, Manpisox, Wis., Feb. 14.—Senator Kelly’s memorial to the Seeretary of the Interior was ordered to a third reading to-day in the Senate. It asks‘the Secretary of the Interior to call a-council of the head Chiefs of the Menominee..tribe. of Indians, located in Showano County, to take into considera- tion the matter of the sale of 240,400 acres of pine and valuable lands situated in the above county, and that the balance of their lands, equal to the extent of about two townships, be divided pro rata among the tribe, and they United " States, the money arising from ,the sale of lands to be invested in Government bonds, and the interest on the same to be applied to the purchase of seed, agricultural imple- ments, and teams. The Ion. D. IT. Pulcifer, Sergeant-at-Arms of the Assembly, received a letter to-day from a number of. the Chiefs of the tribe, asking him to use his influence for the passage of the memorial, and asking him to inform .the members of the Legisla- ture that a large majority of the tribe are in favor of selling their pine lands and dividing the agricultural part of their reservation among the tribe. There are about 1,500 mem- bers of the tribe, a large majority of whom are already civilized. i SITTING-BULL. ‘The reports received at military headquar- ters indicate that Sitting-Bull and his Sioux are beginning to stir themselves, and -are be- coming weary of the monotony of simply hunting the British buffalo on the other side of the line. Dispatches were received yes- terday from Fort Custer, M. T., dated Feb. 11, stating that the operator at Terry’s Land- ing had just sent the following: On the night of the Gth. the Sioux stole fif- teen head of horses from the settlers on Pease’s ‘Bottom, and a number of horses from Crazy Head’s camp at this place, The Crows pursued and overtook the Sioux on the divide below the Porcupine and Dry Forks. The Sioux took to a ravine, but all the horses were either killed or recaptured. Most of the hostiles were mounted on stock stolen from white men. The Crows would not recapture them, but killed them, leaving the Sioux one horse to elphiecn indians. One Crow was wounded. The Crows-say that the same party is now en route to the s, and will prob- ably reach it to-day (Wednesday). Five head of stock returned to the settlers on Pease Bottom. THE GERMANIA. Grand Masked Ball at Brand’s Hall— ‘Whe Actors and Their Parts. One of the pleasantest social affairs of the season was the Germania Mannerchor masked ball last evening at Brand’s Hall, corner of North Clark and Erie streets. The Germania can always, be relied upon to do this sort of thing handsomely, and the suc- cess which attended its efforts last evening only served to add another to the list of its former triumphs,_ Much was of course due to the unofficial participators in the merry scene, but without the labors of , the two committees to whom the management of the ball had been intrustel, the general enjoy- ment would have fallen short of what it really was. The Reception Committee, com- osed of L. C. Huck, Emil Hoechster, Phil Teine, Dr. I. J. Bluthardt, Paul Noack, and Dr. George A. Christian, costumed in the style of Louis XTV., and_the Floor Commit- tee, consisting of H. Haarbleicher. Emil Fritzsch, A. Kuhlmey, T. L. Koss, Eugene Blammer, and T. A. Kochs, and costumed a la “go-as-you please,” directed things and signally succeeded in putting everybody at his or her ease, and in thps contributing to the general fun. ‘The gay maskers came on the floor about 9o’clock to the welcoming strains of ; the march performed by a_ large orchestra mounted on the stage. From that time on until the morning hours the dance and the promenade, together with the usual merry side-scenes and by-play, afforded an abun- dance of excitement mingled with amuse- ment to all who cared to take part therein. The hall was placarded with the usual assortment of caricatures in sympathy with the irrepressible tendency to the same sort of thing in some of the mask- ers. Representatives of the bluest ‘of blood—aHeged—mingled and hobnobbed with the veriest commoners, and a couple of staid friars and a meek-looking nun gaze aghast on the picture presented by. the world, the flesh, and the devil,—the ‘devil black as the ace of spades, and the devil in the scarlet trappings of Mephistopheles. Not the least clever of the characters on the floor were two peripatetic bottles, la- ‘beled “fom and Jerry,” and papered rather extensively as to their sides and backs with every conceivable sort of advertisement. Through a chink in the bottle-texture cover- ing the characters ent poked their hands and distributed valentiges to their friends about the floor. In the fullness of time the bottle arrangement was discarded, deposited on the stage, and the characters inside as- sumed the shape of the “Iwo Dromios.” Further on it_turned out that the two clever artists were Eugene Flammer and Michael Petrie. “Puck,” in asuit of cream-colored tights and a dress-coat, and carrying a port- folio, from which issued a copy of that jour- nai, was most, cleverly:represented by G. A. Lange. A Jew peddler was hippily hit off by Zero Marx, whose antics afforded no end of amusement to the general crowd. The fonneer men went mildly wild over a young lady whose personal charms appeared fo very decided Styaninge in her assumed character ofadoll. Mrs. L. C, Huck attracted general and admiring attention as the Spanish Girl, her costume being one of the prettiest on the floor. Count Von Otterstedt showed. the mashers what a Polish nobleman of the sev- enteenth century ought to look like, while a number of individuals, whose names it wasn’t easy to compass, counterfeited a very retty jockey girl, a rather , dubious- ooking troubadour, a sort of China- man, & very selfimportant coachman in full livery, a most obese Falstaff with a decidedly German accent, and other sharncters too numerous to be specified in etail. Ranged about the hall in a more retired position were some of the olderand more staid representatives of the best German ele- ment in Chicago’s population, who, while not mingling in the constantly-moving panorama on the floor, -saw it, and were very evidently happy and contented, from a distance. $$$. WINTER WHEAT. Special Dispatch to Tae Chicago Tribune, Craxpaicn, Ill, Feb. 14.—From a gentle- man who has just returned from Centralia we learn that wheat along the Illinois Cen- tral Railroad is in splendid condition. It snowed yesterday from Tuscola south, and about four inches fell, making a good cover- ing for the plants. In'this county the plant is looking well, but as yet there is no snow. a An Editor in Luck. St. Jacobs Oil cures rheumatism; of thisI am convinced. For two years I suffered with rheu- matism in my left shoulder and right arm, and last fall I was incapable of attending to my du- ties, and lay many a night unable to sleep on ac- count of terrible pains. A few weeks ago 2 se- vere attéck of this trouble struck me, and this time I concluded to try the St. Jacobs Oil, I must acknowledge, with but little confidence in its merits. I freely confess_that the result bas completely astonished me. The first application relieved the pain very materially, and the con- tinued.use of only two bottles has completely cured me of this chronic evil, and that after the most eminent physicians and thefr prescrip- Hons had been of no avail. I therefore consider it a duty to publish the above for the benefit of all sufferers with rheumatism and kindred com- plaints, A. HEILSLAN,, Editor Republican, Pittsburg, Pa. RATLROADS. ~ The Southwestern Association on Its Last Legs. Renewed Troubles in the Passenger Business—How Rates Are Cut. The East-Bound Business—What the Grand Trunk Line Is Doing. ITS DAYS ARE NUMBERED. For some time past the railroad officials connected with the Southwestern Railway Association have been acting in arather mys- terious manner when asked for the latest news regarding the condition of the Associa- tion. Beyond the fact that things were not running as smoothly and evenly as desirable, nothing could be learned. It looked rather queer, too, that the Presidents of the'various roads in the Association, to whom the ques- tion of setiling the froubles regarding the business derived from points on the St. Joe& Western and Missouri River in Nebraska, should not have met or made arrangements fora meeting to take into consideration the matters referred to them. A TnrrBuxe representative accidentally dis- covered the true cause of the mysterious movements during the last few weeks. He met one of the managers connected with the Association and asked him what was being done} regarding the troubles of the South- western pool. ‘There is nothing beyond the fact that one of the roads has given ninety days’ notice of withdrawal,” was his answer. The gentleman was of the opinion that Tue TrmUNE man was aware of this fact, and when he saw that he had “let the cat out of the bag” he quickly added that this action did not | imply a dissolution of the pooling arrangement at the end of the ninety days, but simply meant that the present arrange- ment was to be ended and another one made that'would prove more satisfactory to all the. roads. Ie then closed up like an oyster and refused to reveal the name of the road that had given the notice of withdrawal ‘and what caused it to take this step. ' i ‘The reporter soon after “tackled” the manager of another road and put him under the pumping process. To the question which road had. given notice of withdrawal from the Association, he replied that all the roads had given such notice at the last meeting of the Association, for the purpose of bringing about a reorganization. He would say no more. The reporter, however, felt confident from what the first manager had said that it was but one of the roads that had signified its intention to withdraw, and thus end the pool until the grievances of this road wererectified. There- fore the reporter did not relax in his efforts to get at the true inwardness of the af- fair, and, coming across another manager. shortly afterwards, he succeeded in eliciting from ‘/him thatthe road in qution was the Chicago, Rock Island & Pacific. It isstated that this road has for some time past been dissatisfied with the workings of the pool be- cause it did not rec¢ive the share of the busi- ness it believed itself entitled to. Nearly all other lines controlled roads west of the Mis- souri the business from which they refused to allowto goin the pool, which placed the Rock Island in a bad position:. Besides it had be- come known that the St. Louis lines, all of which are controlled by Jay Gould, had been making large contracts with shippers at cutrates, which forced much of the business via St. Louis. The Rock Island seems to have become convinced that this action on the part of the St. Louis roads sig- nified an intention on their part to withdraw from the poofwhen they have perfected their arrangements for leaving the Chicago roads out in the cold. “Therefore, the Rock Island thought it the best policy to cease the dilly dallying that had been gels. on for some time and anticipate the St. Louis roads by giving ninety days’ notice of withdrawal, as requited by the agréement. The days of the, Southwestern Railway Association are num- bered now, and, unless better counsels pre- vail hereafter, it will bea thing of the past after the ninety days have expired. An ef- fort will, no doubt, be made to' reorganize the pool.on different basis, but this will not be an easy job, as the interests of the yarious roads have become 50 conflict- ing during the last four months that it almost seems impassible to get them to agree upon satisfactory percentages. Before the ninety days have expired, the Wabash will have its line to this city completed and will ask a share of the Chicago business, which will create new dissensions. The .affairs of the Southwestern and Iowa pools have become so interwoven with one another that it will hardly be possible to run the pool separately, The only way out of the dilema seems to be the establishment of a new pool. that will take in both the old ones and include the business of all the roads west of the Missouri River as far as the Rocky Mountains. Such a pool might possIbly be made to work satis- factorily, provided Jay Gould does not inter- pose any obstacles and thé various roads will allow the question of percentages to be de- ciden by arbitration, as itis hardly probable Eat they will be able to agree among them- selves. 4 PASSENGER TROUBLES. ‘The General Managers and General Passen- |- ger and Ticket Agents of the roads leading west from Chicago held another meeting yesterday at the Grand Pacific Hotel to con- sider the troubles regarding passenger busi- ness from this city to points in Kansas and Colorado. There were present J. C. MeMul- lin and James Charlton, Chicago & Alton; R. R. Cable and E. St. John, Chicago, Rock Island & Pacific; W.A. Thrall, Chicago & Northwestern; W.C. Smith and James R. Wood, Chicago, Burlington & Quincy; F. R. Myers, Pittsburg & Fort Wayne; F. I. Whit- ney, Michigan Central; James Brown, New York Central. There were also present by invitation several Managers and Passenger Agents of the St. Louis lines, It was charged in the beginning that the Rock Island was responsible for all the trouble, and that this road had demoralized the business by peraistently cutting the rates. ‘Phe Rock Island officials, however, seemed to have anticipated such charges, and'they submited a stack of tickets from other roads purchased at rates of from $5 to $8 less than tariff rates and a pile of documents and state- ments showing that the Rock Island alone was not doing all the scalping, but all the lines had participated in the cutting, and that the scalpers had now on hand about 1,000 tickets from the various roads obtained at ereatly reduced rates. The dates on the tickets submitted cover the period of several months, and are mostly to Kansas City, Fort Scott, Denver, Leavenworth, Athison, an Des Moines. The roads thus accused, of course, admitted that they had been cutting the rates, but contended that they were driven to it by the action of the Rock Island, which the latter, however, asserted was not so. After along discussion the Rock Island submitted a draft for an Bercoment under which it proposed to work if the other lines would accept it. This agreement : provides that the rates should be restored, and that any tickets issued after date of new agree- ment shall be redeemed, less commissions to be agreed upon. The tickets now in the hands of scalpers and outsiders are not to be interfered with. . ‘The consideration of this plan was post- ned until Monday, because Mr. M. tugh- itt, General Manager of the Northwestern, was unable to attend yesterday’s meeting. The new plan of the Rock Island seems to be distasteful to the other roads, because no. provision is made for the redemption of the- 1,000 or more tickets now in the hands of out- side parties. It is claimed that as long as these tickets are out and sold at reduced rates it will not be possible to sell tickets at the regular rates. : A TripunE reporter had a talk last even- ing with 2 prominent railroad man regarding these periodical troubles in the passenger business. He said there were various rea- sons. In the first place, the long lines bein; anxious for business place on sale tickets al the same rates as the short and. direct lines, which isthe principal support of the scalp- some wa: ilty of breaking the agreement. iP there was that confidence existing, the gentleman said, between the representatives of leading lines that should exist between honorable competitors, they would go to the line charged with cutting the rates and investi- gate the matter. In nine cases out of tena plain statement of facts would show that the charges were false. If all the lines from.this city would say to their agents that they would hold then personally responsible for the business and that they must strictly maintain rates or lose their official heads, there would be but little trouble. Asa rule the complaints came from men that had no conception of the passenger business, and when they got left by some wide-awake agent they cried, “Stop thief!” EAST-BOUND FREIGHT MOVEMENT The east-bound freight movement for the past week shows another slight falling, off. The shipments of grain, flour, and provisions for the week ending Feb. 14 were 33,003 tons, against 34817 tons the week previous, a fall- ing off of 1,814 tons. Bad as this exhibit is, it becomes still worse from the fact that more than one-half of the grain carried went via the Grand Trunk and Michigan Central, Out of 16,000 tons of grain the Grand Trunk and Michigan Central route carried 9,500, leaving but 6,500 for all the other routes. The mis- taken policy of the Eastern trunk lines is rapidly bearing its fruits, and an immense amount of business that would ordinarily me by the Eastern trunk lines is now directed to opposition routes. As already shown, the Grand ‘Trunk is doing a larger business than ever before by the regular pool route, and, besides, is beginning to pick up a good busi- ness over its new line to Portland and Boston. The Southern lines connecting with South Atlantic ports are also beginning todo alarge business, and are prospering beyond prece- dent. Much of this.Southern, business goes partly by water down the Ohio and Missis- sippi Rivers. The New Orleans grain re- ceipts. were mnch the largest ever known during the week ending Jan, 31 last, when they amounted to 1,120,063 bushels, which is nearly as much as during the four weeks previous. In 1878 and 1879, winter rates were low; and consequently | hardly any business went by _ these Southern routes; but this year, with rail rates well maintained, and ocean rates ex- tremely low, and an enormous surplus of grain awaiting shipments et this point and the Eastern seaports, it is not surprising that these new routes are doing so extremely weil. New York, Philadelphia, and Balti- more are the greatest sufferers from the present state of affairs, and the roads to these points have no one to blame but them- selves that their yards are filled with empty ears. Bostonand New England points are doing.extremely well, owing to the Grand Trunk boom, and the ‘people in that section are not slow in appreciating it, as will be seen from the following article from the Springheld (Mass.) Republican: “The more Northern and less direct railroad lines discharging freight from the West at Boston have of late come into unusual prom- inence by the increase of their. business and the advance in their shares. The Boston & Lowell Road delivered more grain at Boston Jast week than all the other lines together, the corn amounting to 177,617 bushels, against 66,619 for the rest of them. The bulk of this was immediately sent to Europe, and there are now 1,000 car-loads waiting their turn. The Boston & Lowell has no elevator, and the only charge is one-half cent a bushel for transfermng the in by hoppers from the cars to vessels, whereas the charge by other lines is one and a quarter cents. The grain eomes_from Chicago by the Grand Trunk and Central Vermont Lines, and the construction of an elevator~in which all three of these companies will be interested is. proposed. The Grand Trunk has been improving its connections for some time, and now has a tolerably good through line from Chicago. It has ordered new freight cars. There has been a handsome gain in the business of the Central Vermont during the past few months, and the same is true of the Ogdensburg, @Lake. Champlain. The Boston, Concord & Montreal reports more business than it can attend to, and the Ogdensburg & Lake Champlain propnses to the lines between Ogdensburg and Boston that 1,500 merchandise-cars be built right away. The Portland & Ogdensburg is pick- ing up, too. The two lines from Boston to Portland are doing well, and the stock of the Eastern Road is now more than four times ashighasit was a year ago. The Maine Central shares have mounted up even more rapidly, going from 10 to 46. There is talk of a closer connection of these three roads, but no definit plan hasbeen marked out. The advance in Central shares is quite as likely to be due to competition for the control be- tween Maine and Boston parties as to any project for consolidation.” These facts ovght to convince the Eastern managers of the necessity of a reduction in the east-bound freight rates, but they stub- bornly ignore all the facts, and claim that but little business is being diverted. Yet it is hardly probable that they will stick to their present policy much longer, as another and most dangerous enemy is fast approach- ing with the opening of lake navigation. They have an idea that lake competition will not trouble them badly, as they believe lake rates will be unusually high this year on ac- count of the demand for iron-ore and lum- ber. They may be mistaken in this calcula- tion, however, because the probabilities are that the demand for the above-named articles will not be by any means as great as is ex- pected, because railroad construction prom- ises to be very light next summer on account of the largely-increased cost of iron. The following statement will show the amount of flour, grain, and provisions: car- ried by the Eastern roads during the week ending Feb. 14: . Grain,|Provs, 2 Flour,|tons of|tons of| Totai bris.'|2000D.|20001b.| ‘tons. Michigan Central..} 12,61 12] 9.500] 2,549 Lake Shore. Soon! Kins] Sasi] aes 9.656] 2499] dress] 813 5 3,083] 4,180 1,25] 2404] ““a13} 34,299] 16,168) 14,617} 33,003 The final balances_on the pool business from June 9, 1879, to Feb. 11, 1880, are as fol- lows: Michizan Central, 20,009 tons over; Lake Shore, 18,382 tons short; Fort Wayne, 2,672 tons over; Pan-Handle, 741 tons short; Baltimore & Ohio, 3,557 tons short. LITIGATION. Special Dispatch to The Chicago Tribune. | Dertrorr, Mich., Feb. 144.—Addison Wan- dell, Clerk of the United States Circuit Court for the Eastern District of Michigan, has commenced suit against William L. Bancroft, Edgar White, and O’Brien J. Atkinson, of Port Huron, for. declaration alleges* that Bancroft has kept back and refused to pay over ‘$50,000 collected. Huron Jan. as 1878, re tf were Bancroft’s sureties, and complai declares that all these have “ neglected "ad refused ” to pay the money over to him as Clerk of the Court which appointed Ban- croft Receiver. $50,000 damages. The him, as Receiver of the Chicago .€.Lake ailroad, between April 6, 1876, and Messrs. White and Atkinson FRANK LESLIE'S WILL. Special Dispatch to The Chicago Tribune. New York, Feb. 14.—Harry and Alfred Leslie, the sons of Frank Leslie, lately de ceased, have commenced proceedings to con- test the will of their father, which left the bulk of his property to Mrs. Miriam Fh F. Leslie, ils wife. The contestants claim the paper offered for probate as the will of the deceased was obtained by “fraud, circumvention, practiced against the deceased by Mrs, and undue influence ‘rank Leslie”; that the paper offered is not the deceased’s will; and that he was not sound cr disposing ’mind at the time he oe cuted if $= BANKRUPTCY, Spectat Dispatch to The Chicago Tribune. PirrspurG, Pa., Feb. 14.—In the United States District Court this morning Judge Achison delivered an opinion in the case of Peter Herdie, the ex-lumber king, of Will- iamsport, Pa., whose application for dis- charge in bankruptcy was argued a few days ing the allegations of fraud, th ing est id, the Judge de- After a full review of the case, includ- ‘d that all the specifications should be overruled and the-bankrupt granted his dis- charge upon the presentation of the Register’s ers. In the second place, adeception is prac- | Certificate of conformity to the provisions of ticed on the managers by their officers and agents. This sieception is indulged in by every one connected with the passenger busi- ness, from the General Passenger and Ticket agents down to the smallest employé. For example, an agent goes to work to get an ex- cursion or traveling party going to a compet- ing point. if hecannot get them at full rates he will-violate existing agreements and then cl to his superiors really necessary in order to meet the i- Hon.” ‘Should "he lose the party 6 oppost: positively claim that the successful linge from Havre. the law. OCEAN STEAMSHIP NEWS, New Yonrx, Feb. 14.—Arrived, France, QUEENSTOWN, Feb. 14.—Arrived, Pi from Boston; Baltic, from New York. Havre, Feb. 14—Arrived, steamship t his action was | Amerique, from New York. Truth is mighty and has prevafled. Bee ita triumph in Hop Bitters. . STEEL. Mr. Potter’s Proposed $2,006,. 000 Works at South — Chicago, : Special Reasons for Locating in That Quarter. . Capacity of the Hills, ‘There was a paragraph in §; ‘TRIBUNE to the effect that the North-Chi Rolling-Mill Company was about to additional works at South Chicago, aie capacity of their present mills was not eq to the demands upon them. A reporter ad atalkwith Superintendent Potter yesterda fn reference to the matter, and got. thedetait, if the project, which are subjoined: Ms “The North-Chicago Steel Company.» said he, ‘substantially the same as ¢f North-Chicago Rollinz-Mill Company, which has reached the limit of its Capital, has bought from the Calumet & Chicago Canal and Dock Company seventy acres of land on the lake, immediately north of the Diers at Calumet Harbor. That will give us about 2,500 feet of river front and about threg quarters of a mile on the shore. On this” Property awe propose to , locate the ney’ works.” “What will they consist of 2” “Four blast-furnaces, a Bessemer conver}. ing -works, and asteel-rail mill.” “How much will they cost 2” “anout $1,500,000.” “When will their erection becommenceg » “The survey and plotting of the gronng.. will begin Monday.” “What sort of structures do you intend putting up?” “ Brick ones—firep roof.” “ And as to completion?” “We hope to get two of the blast-farnaces at work on pig-metal by the middie of next ation by July a y the start J tig) jonths from What will be the aggregate expendi. re 2 “By the time the works are completed and in operation the expenditure will have i about $2,000,000.” hen “What is covered by the other $500,007 “The land; and we have also twenty near by from which to get limestone for the blast-furnaces: and our intention is to run a slip in from the river 1,500 feet long for the purpose of accommodating: ore and coal ves. sels, and also for shipping.’”? “What is the situation of the Works as to’ railroads?” “They will be within a mile of four tronk- lines,—the Baltimore & Ohio, Lake Shore, Fort Wayne, and Rock Isiand,—and within two miles of the Illinois Central and Michi. ‘ gan Central, and will be.connected with em.’ “HOW MANY MEN WILL YOU Ewer THERE ?” “ From 1,800 to 2,000,—all of 2,000 when tha mills are running to their full capacity 2 “What quantity of ore will the furnaces use up in a year?” “ About 250,000 tons.” “And they will yield how many tonsof steel rails ?” “We expect to make at- least 90,000 tonsa ear.’ “You must have more room?” “Yes. All the Bessemer works are incréas ing their capacity, and expect to supply the demand of America,—to stop the ads from going abroad.”” “* What will be the production?” “* Well, they will be able to produce 2,00-- 000 tons a year if they are needed.” “How much capital will your Company’ have invested in the business 2” “ About $6,000,000, and Chicago will be the distributing point for the whole of it” “WHAT WAS XOUR OBJECT in locating the new works in South Che cago?” “Tt was our intention and expectation to hay the prope! immediately south of the mills, but when the owners found it out they put their prices out of sight. ‘That, and city taxes, and the trouble experienced in ge! vessels up the North Branch, Jed us to aban- don the project. The change will make no difference to the North-Side works, but pre- cludes the possibility of any further exten- sion of them. Hereafter we will add to the Milwaukee mills or those at South Chicago.” “Ys the North Branch filling up?” - “Tt is a serious matter for vessels with coal from Buffalo and ore from Lake Superior— they are large ones. and draw from fourteen to sixteen feet of water—to get up the Branch. Last year we had considerable trouble to get supplies, because there wasn't enough water in the harbor. And the river, too, is being filled with bridges, and, with the low water, so far as our uses are con cerned, we prefer sending vessels to South Chicago, as we believe it will be a great deal safer for vessels, and that we cat get as good or better dispatch. AndIbe lieve the day is not far distant when vessels which come loaded with coal and ore for us will take on grain for the return tripat South Chicago. It would not pays perhaps, to tow yessels from Chicago, but the arrivals at South Chicago may result in the building of an elevator there, for it could be made > yield a handsome interest on the investment’ OBITUARY. . 0. H. ENGLISH. Spectal Dispatch to The Chicago Tribune. Prrrspure, Pa., Feb. 14.—O. H. English, the well-known school-book publisher, died at his residence in Allegheny City to-day. He was born in Pittsburg in 1926. He was first employed by Mr. Charles Brewer, of Wood street, book-dealer, and afterwards, in 1852, became that gentleman’s partner Mr. Brewer died in 1866, when Mr. English succeeded to the business, and.took in Mr. Osgood as a partner. The firm then com menced to publish. - Mr. Osgood remainedin . the business till 1876, and then the firm was composed of Messrs. English, Hunt & Flea JAMES CAVANAGH. Special Dispatch to The Chicago Tribuns. Towa Crry, Ia., Feb. 14.—The Hon. James Cavanagh, asettler in this county of Territorial days,—1939,—died in this city this morning, aged 73 years. Judge Cava nagh was County Commissioner in the early days, and about 1858 was elected to the Leg- islature asa Democrat. Again, about 1567, he was County Judge of this (Johnson) county, which he héld until the office was superseded by the County-Supervisor syste in 1869, Subsequently he was Justice of Peace in this city, in 1872. His later have been spent in retirement. He was an honorable and upright citizen. The present Mayor of Iowa City is a son of the deceased. Cc. B. ADAMS. Special Dispatch to The Chicago Tribine. Decarur, Ill, Feb. 14.—C. B. Adams, seed 69 years, father of the Rey. Dr. Adams, Pres ident of the Illinois Wesleyan University, died last night at his late home near this city. Ie was born in Ohio, was for thirty- five years a member of the Methodist Church and came to an count in foe ane oth lary cau: ‘is death was dy: whieh ihe bad been troubled for thirty OBI Be JOSIAH WADDELL. Spectal Dispatch to The Chicago Tribune, SPRINGFIELD, IIl,, Feb. 14.—Josiah Wad dell, an old and respected citizen of Spring- field, died this morning aged 76 years. He had been a resident of this city about twenty- five years, having resided in Christian Coun- ty about twenty years before coming here. a ——$§$§ TELEGRAPHIC NOTES. SprrxerreLp, Mass., Feb. 14:—J ohn Remme ler, who killed bis three children at Ho yoke in June lasts has been declared insane and will be committed toandsylam. __ t PuLapELrmma, Pa., Feb. 14.—Presiden! Gowen of the Philadelphia < Beatle road Company, has decided to si duction o: coal on three days in ea week i S| i. uae thes Ee PTL —judge Pierce in, the Mesr1 Giese Patt ve, Stine Cote rega & Co., 6: 3Z0, VS- n suit brought for additional margin in wheat decidéd that dealing in fabures pyansactions a subject for the @ is gambling, and Jury. ho smoke should use Brown's cassphorated Saponaceous Dentifrice, whieh is most agreeable nt,and it imparts won drous beauty to the “ivaries.""—25 cents