Chicago Tribune from Chicago, Illinois on April 29, 1895 · 4
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Chicago Tribune from Chicago, Illinois · 4

Chicago, Illinois
Issue Date:
Monday, April 29, 1895
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I i 8. : ! THE CHICAGO TRIBUNE: MONDAY, APRIL 29, 1895-TWELVE PAGES. ! : i '.i MARKET IS HIGHER. 'if 1 1 j i : I ! 1 ; i t '5 .'til 1 1 1 i t mi LOCAL STOCKS AT LAST CATCH THE SPECULATIVE SPIRIT. More Active Trading and Some Sharp Ad-vanee Insiders Are the Ret Ituyert., hut the Tublic Is Showing Increasing 1 nterest Miarp and Sustained Advance in Wheat Trade Is Itroadening and Old Traditions Are ISeing Forgotten Other Commercial New. The week saw mors distinct improvement in the local speculative markets than has been recorded in the same length of time in months before. The local stpck market was exceedingly slow to catch the spirit of returning confidence and speculative interest that has been shown in New York for wmo time. It has caught it at last, however, and the' trading for the week has been active, while quotations show marked ad-an -es throughout the list. Those who are r.ot in sympathy with the advance charge that the activity is manipulated; that the public is not deeply interested, and that the strength is largely the result of operations of insiders. There is much truth in the statement. The public has not yet shown much interest in the market, but with each point advance and with each day of active trading that interest is increasing. The advancing quotations can without doubt be traced largely to the Influence of insiders, who have been persistent buyers not only of the street railways but of a number of other stocks. Instead of using that fact as proof that the higher prices are not warranted, it would perhaps be wise to examine the situation and see if the buying by insiders lias not been because they have a clearer idea of the improvement in the situation than the public. Any improvement in the situation is more quickly reflected in the earnings of the f-treet railways than in the operations of any of the other companies, and improvement there has been sharp. The record so far this month shows remarkable increases by .'ill the stifft railway companies. The City railway is reputed to ba showing gains in the neighborhood of 1,4(K a day. Tho increase in the business of the "West Sid ciu.;any has been ranging between Jl.'.'OO and $l,tt0 a day. The North Side has shown a sharper Kain in proiiortion to its capital than either of ti-other roads, ii increases running aa hish as $l,2tNJ a day: All of that oilers substantial ground for lioiief ulness, not only regarding the street railway properties themselves but In regard to the whol.; l-.inl situation, for such great improvement in street railway traffic means a gain in the general industrial activity of the city. Whether or not this increase in the earnings oi the street railway companies i.- UM'ioient to offset some of the conditions wnich operate.! to depress quotations a lew months ago is the debatable qu. stion in the market, and opinions are at a sharp enough vaii-iirce to make two sides to the contest. KesUits in t: e market last week favored the bulls. the Kfc-ei railway stocks closed at the highest prices for the week and marked substantial gains as co.rpfaied v. ith a week ago. The elevated securities have been neglectd. Ol-liclal announcement was made that the Iake hlieet Klevated company will not be leased to the Northwestern Klevated. It is admitted, however, that there is some consideration for the North-western's guarantee, but officials of the companies decline to make ublic that consideration. The kiia.1 deposited uiider the bake Street agreement now exceed To per cent of the total issue. The fiork has been fairly lirm, and the bonds have advanced. The Metropolitan is expected to begin il -rations this week. Quotations for the securities of that company have just about held their own, with little trading. There had been little interest in Alley Klevated securities. The traffic of the conianv is exceedingly satisfactory. It runs up occasionally to oO.Oimi, and promises to average Womet timer more than 4j.innn'or the month. The industrial line has been strong. There seems Jo be a pretty steady demand for Diamond JNlatch stm k. and quotations have been moving- up regularly. Improving prospects for some settlement of the brewery situation brought, strength to the market for brewery securities. Trading has been i'ii a larger scale than tor weeks before and prices flowed at an aovance. The demand for monev is not urgent, but it is sufficient to hold rates up. The total loans of the banks now aggregate about as large a line tos thev care to ordinarily carry, and. while the demand lor new accommodations is not particu larly keen, rates are as tirmly maintained as they liMve been In a lonir time before. There is undoubted improvement in the indus trial situation. -More lactones are running in 'hicaco and more men are employed in all proh- sihilitv than at any time since tne spring of lMia. We w ill pass the 1st of May this year without any wiions labor disturbances. While the labor sit uation can hardlv be called satisfactory it is cer tainly showing distinct improvement and the out look, is comparatively good. Active Market for General Merchandise. The stimulus contributed by the activity in the leadinsc staples continued to be the feature in the wholesale markets of the city. It was by no means a boom in any line, hut a steady and gratifying increase ill the volume of business, with a few exceptions. Farm products sold on South Water street were more active than during any mher week of the soring. 1 here was an especial lv r-ood demand lor seasonable fruits and early vegetables. The feature in grocery lines was an advance in coffees. The wool market was a trifle tirmer in tone, although quotations were not changed materially. Several car iota of new-wool have already appeared and have been sold natisfa. torilv. Invoices of the new clip are now in transit, comitrisiiiir Territory stock from I. tan. Wvoinim--. and Xew Mexico. The bide market is in an-exceedingly nervous condition. Quotations i'ie uncertain quantities, but generally higher than anv of the shorts are willing to admit, nuns a nuotable at. about !:. Lumber cargoes were not no plentiful during tiie week as they were during the previous one. The demand was faund insul- lltient to absorb much stock. The feature in the speculative produce market las weelt was the advance in pri' es of wheat and the development of sentiment favorable to that eraln. - Viarse xraiii markets have sympathized lo some extent wuii tne Hdvanee in wheat and have been dominated by it, but provisions hav. leii inclined to dullness. Wheat was a littl irregular in action, a bulge Monday being fol lowed by reactions which shook out :i great many holders. The upturn of Thursday in face of the very rains which the bears expected would break tne market w as a surprise, it demonstrated t ha the market was not being dominated by fathi iuflueiices nor by the operations of any one man or clique of men, but by actual laws of supply and eroand. Saturday's market was the broadest and strongest that has been exierienced in months. Outsiders came in freely, foreigners were good buyers, and the market was taken out of the bands of the professionals whose slightest oera-ions have been a ma tter of discussion in the trade. The market Saturday was of the kind that the people who delisht in talking of w heat at a dollar a bushel refer to as obi fashioned." Kverything w:s favorable to the hulls. So far as stocks are concerned, a liberal decrease in the visible is looked for today, and the movement to primary markets is riot heavy considering the fact that w heat prices have been advanced nearly bio a bu from the bottom. So far as actual cash demand is concerned, there were sales of round hits for shipment and small lots for milling. There was no disparity between this and other markets on the advance. At the close yesterday the local advance in May was 1'.. The net gain at New ork was r'(e. at Baltimore 1c. at Toledo 2c. a Minneapolis lr.o. at Huluth le, and at Detroit At St. bonis May w heat only advanced '-,c. but .Ttily went up 1-,e. Ail the foreign markets Were higher, the continental cables having shown advances for several days. It was a market without limitations., Jt was. not a IVrdiidge market, a weather marker or h spring wheat market. ' It was H. markei in which there were no weak spots and in which the buying was general and sustained. Of it I.gan Co. said: "The wheat market row requires ho coaching. Interior milling demand is much larger than daily supplies, consequently millers bid up the price. Klour stin ks are light, with bakers, grocers, and millers, and the consumptive, demand Is heavy and steady. This is likely to continue until we get the new crop, which at present is backward and without great I remise. Prospects, w 1 1 h line w eat her, w ill change either for bi tter or worsts We all know what it will be if it is for worse; and if for better the present stocks, with the present domestic demand, will ail be needed, and possibly at higher prices, independent of the growing cron." limson Tiros. & Co. said: "An actual demand for cash property is w hat has defeated strenuous efforts of big bears this week to depress wheat values, and they found themselves tn the clutches of one of the strongest bull markets we have had in ire last three years. During that time there have been several attempts to enhance values, but each time the movement has been unsuccessful, owing to the btarish situation. Conditions now I'ave changed Heretofore we have had no startling demand for our cash wheat, and especially that held in Chicago. Now our local dealers are making -fhipmentu right into th heart of producing districts. One concern slated yesterday that they had an order for Iho-.ikhi bu No. z red which they could not till except at a premium over Julv." Mdntyre ,v- Wurdweil had the following from New York: "There were large lines of long wheat sold, both in this market and in Chicago, to take profits, and the sellers will, as a rule, be glad to tak" th wheat buck on any mateiial decline, end probably a further advance of He or 3c would answer the ptirKise just us well. We j're Inclined to look for selling orders from abroad Monday. Thev are coot-headed speculators there, and as a rule take advantage of quick upturns to realize." PRICKS ON 'CHANGE. The following table shows the range of prices on rruia aud provisions for last week: WHEAT. Frice lOOOOOr Imcn 5s Wiy sunn or s if 1 1 wml) Ob L V NconSs jinmuOSLAU X 5s4:t... 2m ..104 . .. 17 .... ih .... 65 .... 3 ... SI ....114 ii .... ?w 7:t( IOOOCRIaPxdS 102K oOortCRIAPrer. Vtt 2tm CRlAPdbos . awiColMid 1st 7 .mc H VAt 1 5s 91Mist2 6"""TV IRlst 5000FWDOlt il lOut OH4&A Ma Plst div 5(WvBW&StPinc..".. 5 10U0I114S of PJ..3 .... 1( jo) HATCgnU. 6i(kM'4 lOoOIowaU Istos mi iuiKiMtf 7S79 14-XI K V cons 71 iiiuuLSA.M S2d ev....r.i 5mi LESL lstconos. :(. 0 LEAsL n gd 4s. 12 4-iluLAN untgoldls. i'J r PrjoLN AA C cq '.mS'I't'H 20000 LNAAC gm5 .a., 't.iii iOOO MiM1 Rt-llJIUiS !-' ItiDOO MaSPM gm4S A 9l .tijoUMKA Tlstta. S4tv8D 21 WW M lv V ia... in uU V 6ubOMSAEl8t-... DiV"! Soot) Mjtuum 4s. 65Vi' fiM.'Lcun ... HW lOooXYC'lstCD 12a 41UU0NYE1 Ut.-UWli.!!. SALES AND QUOTATIONS CN N. T. STOCK EXCHANOK. HlOOP of M 2d. Huoo P A K 2d in . ViooPRirm4i.... Iioju PAR tr rets.. IikhjOPaR dt in... ,1.i,(i0 PA W4h i lOOOKtiW 1st .. ifiltmOiSLAlMos... 1IKK) SLSW 1st 2.VMiSL.SW2din 2H-2 firnio SPMAMlst-MC6sli:'.'-4 ) Jt'kMI SjO Hy lstjs !iO' 4i0 So Y ubaWatertja.lUl imKi'lexP Istis w.iv WiWTP 2d inc.. 273t-7 V i miiiPis ocas ioi CP ext fund .. liiw U sic 1st 5."4 43OU0UPDAG 1st. aiHtitW 1J hmj Wao stas.lOSviK4lt) V lmxi WaD 2d 71 -W ,2lHA)QWabdb-SrB 25Ci26 ! 2oou WNYAP 2dtr.... Ji'WNC lst-is 112 : WCIst .VVi ''' 400 YC 1st tr... filVft-Vi MaT.. July. C7oe-t April SO, J"S,5. .. Ki 61 rantjr vr.iterUaj. B"i4 t" burial 64.' is:. do l. 64 May.... Juiy..- aiy 47A 29V 48 29 May. ..12 32W May.... &92 12.27 37 V 7.55 6.52 COKN. 4o-V 49 47s 4tf. OATS. i 2'JX MESS POKK. 12.10 2,12.47 LARD-PIB 100 LBS. 7.00 6.87K BrBS BOXED 25c MOBK THAN LOOSE. Slay.... &30 6.20 6.37K 6.27 SATCKDAY'S NEW YORK BOND TRANSACTIONS 10 A. K. TO 12 M. S4iW0Ateil9 T3H&ni1 8W0 XTSHHS e dblS9 yum Atch2dinClassA. 22j XPAillst 3; 5iK0 BlEofw 7s liishiS'-UKiNPist rir...lI'WfilH 4XI0BOR4N coltr5. iSatOON P 2d cu... isu.'.4 9svw9 4'tK)NP:ld cd l,t4 22000CSJzra.:B..ll2wlli - 7,'ioou NPconis.. .. Iimiai 4WCOpen4yj8 7i 'I25iW N P trctfs. aii4Jfi l-MiOHOcoa" lJu ifiJ-KKiXPcol tr notes.. 2niCBOdb5s S2K1 CMLC 1st !i jlOOOONR of Calas W MlrtOCA-IClst lot 3W10M f Kin ,VWilCNP 1st 4UV! TtKOO A Men I7".; IOoOOOCaSP 1st tr !?5iWiOSlst Mi9i 46;,ia4'iV MDOS (rm4 ;000C"Wfi?. bj&$il iihvvvgniui lst. M Detrriptitm. & O.. Atchison Am. Cot. Oil .. Am. Sugar.... Do old Am. Tobacco. Do Dfd A. A Pac U. S. tas ... C. P.. to C. A X. Yv C, .1. A M. P . Do Dfd ... C. K. 1. A P... C, St. P., M. & t an. So Che. A Ohio C, C, C. A St. Jj... C. K. R. of X. J. ... Columbus A H. V.. n. (N. Y.). Chicago Has l)el. A Hud Den. A Kio G. Dfd. Tl. A CP. Co 1. M. A Ft. D Flint A P. YI den. Electric Illlnol Central... Iowa Cent pld Laie Shore Louis. A Nash L. E. A W Do pfd L., N. A. AC DO ntd Long Island Trac. I.aclede Has Mich. Cent M., K. A T Do pfd Manhattan Mm. Cer. Mo. Pac Mm. Nat ... N. Y . A N. E Nor. Pac Do Dfd X. Y, L. E. A YV... . X. Y. Cent Norfolk A V. N. Y. Sus. A YV.... Do Ptd Xorth Am. Co N. Y. Ont. A W. ... Nat. Linseed Nat. Lead Nat Starch. Ohio So Puiia. A Reading.. rac, stun Pullman P., C. C A St. L Bcfd Southern Ry do nta So. Pacinc St- L. A s. W Do Dfd Tex. Pacinc 1 enn Coal C. P., D. A Q U. S. Rubber Do pfd . TJ. S. Cordage Do pfd Do eta U. S. Leuther Do pfd W.AL E Wabash.. . Do pfd Western Cnion Wis. Cent I cfwiiior. . Sale. Hifjfc. Ap.21 Av.W f '-1 5 V lost -I ibf'4 Ii:5 ' IOM'h llli 111 1 I 1 21 7l' 71- r,: S7 1,2'! 62 HH'C iit;.' t;7 .-SO i ! HH 5:-i'! 52 Y jff-i : isi'4 AW 41V 2rt-! 2ris 139 I i:' 7i r 127 H. , 12M 4:il 4:ii4 1H 17 h tations: Call loans. 4. iercent: clearing house per ce rate. :i nt: time loans. 3(fa per cent, r-tocas: Description. 14H . :i;t i !2':. -o 1 1 42i orj't, ! ;2o-S,j 77 M I 27 ii lOO v! 17(4, 11" 10 2 2 4 34 iiili nti'ti 20 77 7 2H- 12i 29 a 2 V 11H-V 9V ia- 3' 30'-; 1 3 34 '4 pi -: lsli 15-S 23 S. l7tmi 1 i 4M1..I. 13 "o 17 VI tiSj 13 Ki'i'i 22 " i 41i' 94 HY. I 10 V! lit 85 M 13H. 71 b Si'K 4W 39' 4'4 20V4 12 99 "is" 311 17H' S!m 19 lti'.t Xi-i 108 11 3d V 1 " 12'- 10 22 oV 39.7, 94 5; 10W 1W 15HT Sin 13'i 7'i lti 89' PRODUCE MARKKTS EAST AND AYEST. Grain and Frnvision Otiotations, witli Receipts anil Shipments. ST. LOUIS, Mo.. April 27. Grain Wheat-Nervous and excited; ojiened -sc higher on rain report, but exceeded buying, and a :S,c relapse resulted, followed by a quick advance of 1 ' ie from then on until the close: the market was extremely unsettled, the last trade being l1-! above yesterday's close: No. 2 red. cash. fi."!c bid: May, d-asked; July, 2c. Corn Advance in wheat and heavy cash sales for shipment made in Chicago caused shorts here to become nervous, and there was a irood demand for May, which advanced kc ovtr yesterday's close: the latest sale was sc below the top: No. 2 mixed, cash, 4ic bid; May, 4icc; July, 47,nC asked; September, 47"x,o. Oats Generally stronger, yet the close was only t.; t-c above yesterday's close; No. z cash, 29:t4c; May, oO:S.'t-!iil..o bid; July. 27:4'i27T-sc asked. Rye 5c bid for No. 2 Kast Side, but none ottered. ISarley Nominal. Receipts Wheat, 0,000 bu; corn, 17. Ihk bu; oats, ai.ooO bu. Shipments Wheat, 0O0 bu; corn, 29,000 bu; oats, 5,000 bu. BALTIMORE!. Aid.. April 27. Wheat Stron: and hiirher. StKit antl month. tot'-tftOTc : Mav 07 Uyii t7 c ; June, OSc bid; July, ri7fi',7Jvc ; steamer Io. 2 red. w-AHrt-lc; re-eipts, 4Z DU; shipments, 24,(N bu: stock. l.'id.OKi bu : s:iles. tili.tKMi bu: Southern wheat by sample, (VrGtMie: on frade, 00 f( Corn Strone and hiuher. spot and month. r2M2:r4c; May, o2's((i."2 W-; July, ."Wli-.c bid; steamer mixeu, ole bid; receipts, 11, .10.'. hu; shi uventH. f:t,022 bu; stock. 131, :i40 mi; sales. 127, 000 bu; Southern white corn, .i.'-jo; (in ycllew. .t'Jcyo. !Vc. Oats Quiet. No. 2 white Western, :;7i37' ; No. 2 mixed, :utt.rt31e; receipts. K..",7o bu; ?hiji- ments, .Mi pu: stock, l.:i.ti'N bu. live Firm. 2, tHic; receipts, 1.2SH bu ; stock, 17.774 bu. Grain freights uuiet ; some little business; unchanged. liTIX'TH. Minn.. April 27. Wheat higher: NTo. 1 hard, cash and April. 0.vie; May. tiN'.e; July. li!7ic; No. 1 Northern, cash and April. ti7' j.-; Aiay, 07"nc; July, SNU.c; September, (ilir.c; No. 2 Nortn- ern, cash. tKlvsc; No. 3. c; rejected. r)7'c. To arrive: No. 1 hard, in round lots. tiH'v: No. 1 Northern, in round lots. li-Vc; No. 1 Northern, in i al lots. O.v,o. Kye. 01 c. tiats No. 2, .tic: No. 3. 31" jC. Barley, 42(r.431 Car inspection today wneat, i.i. jteceipis vi neat, i.i.t.iz 101. Shipments Wheat. 2.n:!4 bu. Wheat stock will show an increase of about 300.0 M bu this week. TOLKIIO. O., April 27. Wheat active, hiprher: N'o. 2 cash, April, and May, OO' ic; July find August. tJTrio.'. Corn dull, hitfher; No. 2 mixed, 4c ; July, 49c. Oats unchanned; N'o. 2 mixed, 31c; No. 2 white. Xie. Rye dull; cash. tiic. Clover- s.ed dull, steady: prune cash and April, IK.'i.lKt. J.ecoipu: Wheat, .J.ihhi riu; corn iOO hu; oats. .1,000 nu; cloveneeii, 22.1 iihrs. Shipments Clour. oris; wneat ,fj,otj du; corn, nu; clo verseed, TiM bafs. M1NNRAPOL1S, Minn.. April 27. Close Wheat April, ti'ie; -May, M.c; July. Ii'iM1; September, 'c; on tracK: .so. 1 nan , iu"-e: .no. 1 -Northern. ii:l4c: No. 2 Northern, O-Vc. Receipts, 1x1 cars. i lose nrm. t sn wneat soin up to tiic lor .No iNonnern. won most ot tne ousiness at 1 o:t.c. Millers chanced the base of oeratioiis todav to July wheat and paid a premium of :K'ti -.i:. Flour hiener: nrst oatents. 4. fn :i. (: second patents, S;;.l.Vo.S.3."; tirst clears. 2..j.Vi2.0,i. PKORIA, 111., April 27. Corn firm: N'o. 2 4i,i.,c: No. 3, 40c. Oats firm; No. 2 white, '.IVti, .i",-4c; .o. o wnue. ,,1 'idi.s 1 '.c. ttye scarce; iso. . .l'n'2o. v nisky steady: hiKh-proot spirits, $1.21: finished jroods, J1.20. Fteceipts Wheat, 000 bu; corn, ;3.:too hu: oats, rf. loo bu : rve, none barley, none. Shipments Wheat. 14.400 bu corn. 9.7oo bu; oats. 45.100 bu; rye, 0i0 bu; bar ley. i,:ou ou. KANSAS CITY. Mo.. April 27. Wheat 2c higher: N'o. 2 hard, Ol'ttvlc: No. 2 red. tio'iO.V ; rejected. Com dull: No. 2 mixed. 45c; No. 2 white, i.i'-jc. oats steady; ?sTo. 2 mixed. 27'd! aJ'(C ; iso. s wnue, ,iz',4c. jteceipts v heat. 14.- (Mi bu: corn, i.immi bu; oats, ,1.000 bn. Shipments wneat. .t.inrj on; corn ana oats. none. BL'KFALO, N. Y. April 27. Spring wheat dull ; No. 1 hard. 72:!,c: No. 1 Northern. 72'4'i 72'--; winter wheat, higher; No. 2 red. live; N'o. 1 while 7;ic. Com higher: No. 2 yellow. o2I-ii-; No. :i yel low, ,ri2c; No. 2 corn, ol'.-o. Oats No. 2 white, tinn. JCrtiCjolic; N'o. 3 white, 30Vc; No. 2 niixedi weak, :2'.,c. WILMINGTON, N. C. April 27. -Turpentine ntiiet; hard. S1.20; soft. S1.90: vircin. $2.2,1. Itesln firm: strained. ?1. 15: grond. J1.20. Spirits steady ; teVvC. xurticaay: 4i.u.i. IN THE FOREIGN RRODCCE MARKET. Liverpool BreaTtnft' and Provisions, with Closing Quotations. LIVERPOOL. April 27. Breadstuffs Wheat- spot firm: demand moderate: N'o. 2 red winter. fs2M,d: No. 2 red sprine. ,1s 4Vjd; No. 1 hard Manitoba. 03 ,d; No. 1 California, ,1s 2d. Fut-uics closed lirm, with April :;4d hiirher and other months 'id lusher; business about eo,uaily dls trihutid. April, 5s l;Ud : May, 5s 2d; June, ,1s 2 1.4 d July, ,1s 2 -4d: August, 5s 3'4d; September, ,1s 3:!4d Corn Spot lirm: American mixed, new. 4s 4V4d Kdtures closed firm, with near positions i,,d higher an l distant positions Vjd hifrher; business heavi est on middle positions. April. May, and June, 4s 4'4d: July. 4s.d; Ausust, 4s 5?d ; Septembe 4s Oil. Flour Firm; demand fair; St. Louis fancy w inter. 0. 1'rovisions Bacon quiet: demand poor; Cumberland cut. 2 to 3d lbs. 33s Oi : short ribs. 2N lbs 34s OI; Jons clear liKht. 3& to 45 lbs, 32s; long clear ncavy, 00 10s, ,i..s; snort clear oacKs. iiht, IS lbs Ms od; short clear middles, heavy, So ibs, 32s Od clear bellies, 14 to 10 lbs. 34s Od. Shoulders Square, 14 to IS lbs, 30s 6d. Hams Short cut. 14 to 10 lbs, 34a ttd. Tallow Fine N". A., nominal. Beef F.xtra India mess. 7.1s: prime mess. 02s fid Pork Prime mess, line Western, Ola 3d; do medium. 53s 9d. Lard Dull; prime Western, 34s 9d; refined, in Cheese Kasy; demand moderate; finest Ameri can white, 4,1s; finest American colored, 4hs. Butter Finest I. S., 0.1s; Rood, 45s. Cottonseed oil Liverpool rerined, tss. Linseed oil 20s Od. 1'ctn leum Refined. ll'd. Refrigerator beet Forequarter. 4'id; hindquar- ler. fe-j.i. Hops at London Pacific coast, 2 5s. LuNIioN, April 2i. The weather during the last week has been rainy and beneficial to the wheat crop, which is doinir well. The market for v. neat has shown considerable strength and atead iness. cm iavoranie American. German. am Russian crop news values rose 0d to Is. Cnited Kingdoms are light. The demand hap been eood for all grades ot wheat. Nearly a hundred cargoes were handled this week. Parcels were fair ly active, lieu winter wheat, piompt dehverv, was quoted at 23s 9U. Spot trade was fairlv act ive. Flour was la a sack dearer. Inqulrv was Rood and stocks are ample. Maize was in better request, cargo otters were llsht. Mixed American maize, steamer, prompt delivery, was quoted at 21s Ud. Parcels were in moderate demand. Sot was steady. In barley there was little of fered ana a demand at an advance of 9d data were nrm and moderately active. - FINANCIAL .MARKETS AT BOSTON. Money Mio No Change Quotations Loans and Mocks. BOSTON. Mass.. April 27. rSi-eial.l Money sUuwti uu viPtnse, as- shown iy tne Xuiiowicg guo- Atchison.. .. . .. Aran. Suear Do pfd Bay state Gas Bell Tel Boston fc Maine... C, B. g Chic. Jo net. Ry.... Krie Tel . Fiteb. K. R. pfd New Lntrland.. .. Do pid Pullman YVest Knd K.ll... . Westing. Elec Wis. Cent 12.1 2.90O 300 2,100 75 100 200 2O0 200 ISO 100 121 325 125 30 35;) Often. Iliulu I 109! 109 s 99 99 9'i 10'4 183 1X1 1H9V 19V 74 74 Vi 95 90 H9Y !) 39 '4 ,39.' 9 09 19 j 170 n oi v 33 33 41 4 I. aw. I Close. s 5'v 10H 109 99 i 99 9'i 10 183 I lhl 109 V j lHi'V 71! 74 95 ' 90 53''! fi.'t'i H9Vi l 39!4I 39 V ;fi 09 109 I 170 HIV t'lV 33 33 m! 4 BONOS. $25000 Oas 1st 5.7fl(n.77'$ 2000 Wis. C. Inc. 10 130O0 Oas 2d 5s.52"53 5000 lias tne zo 1 4O10 Junction 5s.. 105V. ; 22000 Y. C. 5s..55H'" 50'4 ; ..000 P R. A- O n. Ss.100 ."POO Mex. C. 4s.62c3 14000 Mex.C. 1st inc 10'i 14000 do 2d inc b'tiaa V CIOSINO PRICES IX MINING SHARES. Official Onotations nt New York, ISoston, iiid sun j-raiK'isvo. -Alta. lie; so he 1 M..I tph UK-; 4c: Y'.ll l!f Bosl PAN FRANCISCO, I'al., April 27. Alta, lie; Alpha Consolidated, he: Andes. 30c; Belcher, Olo; IVst ft Belcher. 79c: Bodie Consolidated, $l.ln; Bullion. 17c; I.!uiw-cr Consolidated. lOc : Caledonia. 7c: Challenge Consolidated, 41c; Chollar, 44c; Consolidated California and "ii Klnia. $3.00; Con- lidated imperial, ic; t rown j oint, oc; Jx- ie. 4oc; tiaio it isorcrfiss, mer. 2c: Could & Curt 40 : Justice, Sc; Mexican, h2c; Mono, ISc; iunt Diablo, 15c; Occidental Consolidated, 2.1c; hir. $1.05: Overman. 9c; Botosi, 4.V; Savaue, ; Scorjiion. 4c; SietTa Nevada, sic: Silver Hill, Silver Kinst. 13c; Union Consolidated, 51c; ov Jacket. 37c. iSTON. Mass.. April' 27. Atlantic. $11.00; on and Montana, $12. (K); I'.utte and l;oston, 1 aiumet v Jiecia. ? 1 eniennt.u. mi: Franklin. $14.7.1; Keaisarse, $9.7.1: Os-e-23.50: Quincy, 104.75; Tamarack, 127.0O; $13. S.IO.OO oln. Kl NEW YOBK. April 27. Bulwer, 1,1c; Chollar. Sc; frown I'olnt. 3.1c: Consolidated California nd Y'irinia, $2.S0; Ieadwood, :15c; UouUl Sr 'urr", -'oc; Hale & Norcross, $1.20: Homestake, HIImS' lr.m Cilvai- -.,.- iavl..u Til..- Ontnrin i.oo': Ophir. $1..1o:"l'l mouth. 2iic: oiilcksilver! lo; Quicksilver pfd, $17.00; Siena Nevada. 71c; indard. S2.N.1; Union Consolidated, 40c; Y'ellow St Jac FINANCIAL MATTERS IN LONDON. Gold Quotations t Iiilrent Points I'rices on Railroad sliares. LONDON. April 27. Oold is quoted at Buenos Ayres at 208.50; Madrid, 12.00; Lishon. 2S; St, Ietersburff, .10; Athens, 77; Rome, 104.95; Vienna, 10.",. Railway shares Canadian racific. 47; Krie, 12'4; do seconds. 00"i; Illinois Central. 94: Mexi-enn ordinary. 20: St. Paul common. O.VSc New York Central, lol ', : Pennsylvania. 5:;n. : Heading. Kt: Mexican Central, new 4s. (UIC.. Itar silver. lot.,d per oz. Monev. percent. 1 he rate of dis count in the open market for short bills, 1 13-10 ier cent : do three months puis, 's per cent. Consols for money and the account, 10.15-10. The amount of bullion cone into the Banlc of Eniri.ind on balance today. i299.iHK. Cold at Buenos Ayres has advanced to 2,2.00. PA IMS. April 27. Three per cent rentes. 102f VTe for the account. Kxchunije nn London, 2.1f 23c for checks. BICKLIN. April 27. Exchance on London. S days' tight, 20 marks 4,1'ij pfKs. IN TIIE L1YE STOCK MARKET. Receipts and Shipments of Cattle, Hoss, and Sheep. Chicago receipts and shipments of live stock for the dates mentioned: Keceivta. Cuttle. tCaives. I icjt. t SUerp, Monday. April 22.. Tuesday. April 23. AVednesday April 24! 1 hursday, April 25. Friday. April 20 aturday, A.pril 2. Total Previous week Cor, week 1"94 Cor. wees 1893 Ish 1 imientx Monday. April 22... luesday, April 23. Wednesday. April 24 I hursday. April aa. Friday. April 20 iturday, April 27. Total Previous week Cor. week 1894 Cor. week 1893 8.090: 24o! 20.051! 10,389 4.0021 2.7931 10,327. 12.748 9.878 : 793 2.8.043: 17,047 0.0.15: 1,902 ;'1.201 9.780 3,720: 398' 10,233. 5.9P5 400 j 10,000: 2,000 33.397,! 6 132-117.802! 04,409 1,5521 3,8-10 105.929: 58334 52.200 4,514 '100,5x1' 51,993 02.534 3,237 137.398; 08,142 2,015 10.173! 835 700 18 8,:t75' 2.220 3,202 11 10.0371 1.403 2 401 2 7.0lO I 5.120 2,441 22 8.119 2.403 400 0,000 1,000 11.280 71 51.025 13.101 11,83;. 51 41.002 15,540 19,52' 124 48.H70 7J577 10.070 47 47.812 10.037 Receipts last week, with comparisons at four markets : P inf. Chicuao ... RuustiS Cltv Omaha St. Louis Cattle. 33,400 19,000 4.000 12,40(1 oe 117.8O0 45.0O0 l9,3oo 24.O00 Sherp. 04.500 21.0011 7,800 1 1,500 Total Previous week... Two weeks aiio. . Cor. week, 18 4. . Cor. meek, 1893. Cor week, 1892. 207.500 198.30O 1811.803 2 1 2.400 252. 700 2 47.O0O 107.800 90.100 89,7o0 7 5.01 H) 101.100 4O0 5.45i',H.05 4.90i5.05 4.55i".5.2 4 iiO( 4 7 5 2 90'-' 3 75 1.05i"3 10 2.0()f'.4.5O 2 POi.1,4 90 2 85i-. i.Hi) 2 ooe- 3 75 09,400 77,400 85.00O lo2.:too 120.00J 117. OO0 Today's receints are estimated at 10 iW cattle 2.I.000 hotrs. and 1.1. 1100 shi'ep, and the week ending next Saturday at 35.O0O cattle, 125,tlo(j hoKS. and 04.OIHI sheep. Cattle Only 20 car loads of cattle arrived Saturday, and the market was nominally unchanged. Most srades of stceis dosed 2i'o:!Oc higher than a week aaro. Cows and Texas cattle closed hieher ttian a week airo. while stock cattle were no higher. Revised quotations are as follows: F.tncy native steers, l,5(Nn-! I, m0 lbs., $5 85- noiceio prime, i.-jikim-i j.ioips Oood to choice. 1.200'.1.400 lbs Fair to good. l.IO0' 1.300 lbs Poor to fair, fioort 1 100 Ibs ; ... (hoice to extra cows and heifers Fair to trood cows and lieilers Inferior to (rood canninc cow htockers aim feeders, 700 1,200 lbs Native veal calves. 100'" 40O lbs , Texas steers. 800i il.30O ibs Tex. is cows, buds, and diss llosrs The market opened sti-onc to 5c hie-her. but later the advance was lost and the market closeri weak, yet only 1.5ml remained in the pens. Receipts were heavier t ban the trade Hnt icipated atnl the quality Kood. Shippers were the principn! buyers. Heavy sold at S4.0O4I5.1:".... bulk at $4.9.1 iVi .1.0.1 ; mixed iM.OO'i.l.o.l. bulk $4."90';5 imi; Jiht $ l.OO'o.l.o.l. bulk 1.9o'(i.1.00: pips, $3.sp'.i4.S.1. Sheep There was little or no chanpe in this blanch of the trade. Receipts were lieht and prices Mend v. Lambs quotable at $:i.i.or,.1.50; native sheep. 1..Hi't4.70; YVesterns, $2 5of( 1.50; and Texas. ?1..1ti'(i.'!..1o. L1VK STOCK MAKKL'TS KLSE WHERE. KANSAS CITY. Mo., April 27. Cattle Receipts. 71 11; shipments, I.miii; market slow and weak: Texas steers. $2..1iin4.."iO: Texas cows. $l.,Vi fi3.4'i; beef steers. ?2. 7.VH-1.9 ; native cows, SI. 4:1 (M.40; stinkers and feeders, '$2..Kff 4.4.1: bulls. $2. KKlj 4.11. Hosts--Receipts. 4.500; sliipments. 1.4l; market opened strong to 5c higher; closed weak; bulk of sales. Sl.OOfir4.75: heavies. $4.7oi 4.!Mt: ;ia4-kers'. s:4.0iii4.Hi; mixed. $ 4.5n.( 4. so ; liurltts. S4.50f-i4.7o: Yorkers, $4.o:Wi I.70; piss, 3.7.V; 4..1.1. Sheep Receipts, none; shipments, 2'Mi; market nominally steady. ST. LOUIS. Mo.. April 27 Cattle Receipts. Son; shipments, I.10O; the few sales today were at full prices. Hois Receipts. 2.2on; shipments, l.m: market active and .1c higher: top price, tf.l.oo; bulk of sales. $4Xi'dt.9o; light. $4.0iKa; 4. VI. Sheeji Receipts. 3.200; shipments, 1H)II; market Jinn, with a demand for good grades ex-ceedine; the supply: native muttons readily broueht $3.7.Vo4.50; lot ot clifiped natives sold at $4.1o. OMAHA, Neb.. April 27. Cattle Receipts. 000; market lm- higher; steers, $4.2.Vi,1.mi; cows and l.eirers. .l.2.1"i4.H; stockers and feeders. $2.2.V' 4.00. Hoes Receipts. 3.7oo: market opened ,1c hieher. (lose.) strontr; 1 itrti t . $ 1..1.V.I 4.0,1 : mixed, $4.t'io'i4.7): heavy. $4.i'..v( 4. Ml. Sheep Receipts, none; maiivct steady: fair to choice natives. $3.25 fV.4.40; fair to t-..n. Westerns, $::.oor,( 4.25 ; common stock sheep, $2.00'3.00; lambs. $3.2.Vi4.90. CEISP SAYS SILVER IS THE ISSUE. SURPRISES IN STOCKS. WALL STBEET'3 MAEKET EEOOVEES WITH A BUSH AND GOES ON UP. It Must Re Settled hy the People Next Year in No Evasive Way. Atlanta, (ia.. April 27. Special. 1 In an interview ex-SpeakerCrisp kivos his views of tho coming Presidential campaign, lie says: " From the time of the Tariff Commission of 1880 down to a year aco tariff reform had its varying fortunes, resulting at last in a revision acceptable to too people. Its disposition clears the way for the settlement of the silver question, now fully before us. It will ba the one issuo next year, and it must be settled, not by evasion, but openly." "The majority of both parties is in favor of tho free coinage of silver. They are behind the free stiver movement and tliey will push it on to success and have silver reestablished to its old equality witii cold. "This great financial question will be settled by tho Democratic party in the next campaign. The rehabilitation of silver will be tho controlling issue upon which democracy will appeal to the people. Tho platform to be adopted in 189(5 should be so plain that even a school boy may understand it. Its platform should declare for the freo- coinage of silver. We should select some good man from the West, some man with a military record, and go forth with confidence to the victory which tiie people will give those who are brave enough to fight for it. "The only fear 1 have is that the free silver people, who are the majority, may divide into factions, running two or threo candidates, in which event the election would be thrown into the House, where the Republicans would be elected. "Such a contest as I have outlined would causo many people to make new party alignments. There are Democrats strongly wedded to the gold theory and manv Republicans jut as strongly wodded to free silver. Of course there is a contingency in which the people might not be called upon to settle the question. That is the possible action of an international conference. That would be the best and easiest method of reestablishing silver and with less of the element of experiment in it." Corporation 1,1st of Hie Week. The United States Corporation Bureau, the Temple, Chicago, reports the weekly list of newly completed corporations in the United States for the week ending April 27. 1895-viz. : Total corporations, 308; total capitalization, $73,475,-800, distributed as follows: Mercantile and manufacturing companies, 154, $24,975,500: banks (not national) and investment tompanios. 5. 1 Xa,500 ; national banks (to April 17), 1. $50.-two ; irold, silver, and other mining and meltin companies 17. $4,730,000; coal and iron companies 4, Sr02o,00u ; light, heat, power, and trans-port.iUoa companies, 15, 2.I30,OoO; building and loau associations. 0, 14.200,0Ot); irrigation companies, 5. 15. 307,000; miscellaneous companies, US, $ 1 1.25,71 1. The Chiner. Of all the Chinese in this country 72,472 are in California and 9,510 in Oregon, the rest boing scatterjd. . . ..... Keactionlsts Try to Stop the 1'pwnrd Tend ency but Cannot Affert Any of the Stocks Treasury Position and the Revival of Trade and .Manufactures Are the Cause of the Retter Feeling Buying of Stocks for London a Feature of the Week's Transactions. New York, April 27. f Special. To say that the tuock market last week was a sur-prisev to the traders but feebly expresses tho situation. Wall utreet had passed througrh such an awful siepre of depression, extending as far back as the Baring; troubled, nearly live years ago, that up to within a few weeks it was unable to take anythinK but a pessimistic view of financial and commercial affairs. The shutting; down of mills and furnaces, failures in business, decreased railway receipts, and, in fact, any doleful story -was sure to receive attention, while ood tiews was practically ignored. 11 is no exagRC-ration to say that bankers, in vestors, brokers, and speculators had the worst case of doldrums witnessed in a score of years, tho only approach to it having been during' the six years following: the memorable panic of 173 up to the resumption of specie payments in 1S70, which led to one of the greatest bull speculations in the history of American railroads. Referring; to the latter period the present situation is forcibly brought to mind. Because securities of all kinds have advanced materially during' the last thirty days a reat crop of reactionists have sprung up. 1 hey started in to talk reaction before one week of buoyancy had been witnessed, and tho higher prices have gone the more as sertive those operators have become. Lust "week they could hardly contain themselves. They lostered the idea that the anthracite coal companies were on the verge of de structive war, such as they engaged in in jvjii, and exaggerated the probable effect ol a protracted drought in the winter wheat regions. When these failed to accomplish their purpose the poor earnings of the granger roads were dwelt upon, just as though this was something new instead of being ancient history. ltnlls Will Not He Ilalked. Such assiduity merited reward, but the bulls had on war paint, and the more their opponents croaked the more determined they became to pluck the fruits from the favorable developments that have recently cropped out about financial and industrial iiffairs. In the first place, the gain of over yl."i,iKn),(K specie and legal tenders by the New York banks during the last three weeks shows clearly that there are vast sums of money in the country awaiting profitable investment. It also means that bankers and operators who are buying securities freely will be able to carry them 011 very easy terms, which is no small item when a bull campaign is in progress. The dissipation of all fears in regard to the Treasury position and the fact that business interests will not be disturbed for eight months or so by tinkering with the finances by Congress have added to the good feeling, but the main factor is the revival of trade ami manufactures and the great advance in raw products, which add vastly to the material wealth of the country. Reports are received from nearly all sections that mills and furnaces are resuming operations, and that in many instances labor is meeting with better-reward, wages being advanced voluntarily. These things augur well for the future and have made a deep impression, which will continue to grow if nothing serious overtakes the crops. So far as the talk about the drought in the winter wheat region is concerned it should be taken with many grains of allowance. Up to the present time, according to those who make a close study of the crops.nothing has occurred to occasion alarm, and dry weather might continue a while longer without endangering the harvest. It is to be remembered, too, that Chicago Is bulling wheat and has everything to gain by getting up a crop scare. Stock operators are viewing the antics of their Western friends with great unconcern, and expect that those who sell stocks on the" strength of the rise in grain are very apt to come out at the wrong end of the horn. Kevival of Interest General. The current speculation differs from sry that has preceded for a long time past. The revival of interest is general. London has taken a leading hand in it and Philadelphia, Pittsburg, Boston, Chicago, St. Louis, and other cities on this side are contributing, their quota to the business transacted at the New York Stock Kxchange. The short interest in Americans in London had been greatly underestimated, as is shown by th- heavy purchases made for foreign account for several weeks. According to reliable authorities there is much covering yet to be done for Ixmdon as well as home speculators. Not only this, but the buying for London account is on a more extensive scale, low-priced stocks and bonds being the special favorites. 1 The purchases of Northern racific. Kansas and Texas Southern railroad, and other issues for London and the continent were a conspicuous- feature of the week's transactions. The active demand for the first named concurrently with the return of Sir. Yillard to this country is regarded as evidence that the former President of the company has a hand in the movement. After the experience of the security-holders of the Northern Pacific under the Yillard regime it goes almost without saying that to reinstate him-silf will be impossible without a severe struggle. It is intimated in certain quarters that the statements' put out that the reorganization committee represents Mr. Ail-lord are intended to hamper the latter in his operations to rehabilitate the property by getting away the support of those who are materially opposed to the former management of the company. The demand of the Reading for 21 percent of the allotment, and the opposition of the other companies to this proposition, kept the coal shares feverish, and they closed with small net losses. The bears, nevertheless, are timid about extending their short lines, even in this group, as powerful banking interests are known to lie in favor of peace, not only between the coal roads, but the railways generally. They have accumulated , considerable lines of various stocks since they undertook the placing of the 4 per cent loan, which furnished the government with gold needed to allay the apprehension felt a couple of months ago about the low state of the Treasury reserve. Hankers Affect the Market. These bankers have diversified interests awl virtually dictate the policy of a number of important railways, to say nothing of directing the policy of leading railway officials and individual capitalists. Their in-lluence being thrown to the bull side means a great deal, and undoubtedly has induced many operators to take hold who otherwise might have given the market onlv lukewarm support. While a reaction is likely to occur at any time there seems to be little apprehension on this score, as so many stocks are still selling 10 to ." points helow the figures brought by them in good times. There are signs on all sides of a disposition to buy low-priced shares and hold on for the results looked for from the substantial recuperation In the legitimate interests of the country. GOOD BUSINESS IN FEINT CLOTHS. Demand Steady and Stronger for I5oth Odds and Regulars. P ..'!-" -.. Mass., April 27. There has been a goc js.ness in the print cloth market during the week. .The demand has been steady and Btroriff at 2? cents for both odds and rep. u'.ars. Manufacturers have sold all they were ready to let go. Had they cared to fully meet tne demand the total sales would have been very large. Having let the eales go up to the production the manufacturers became Blow seller at the price offered. The demand was 6trong through to October, and there has been some call ror goods to be delivered up to next January. Odds had the call in the sales, and they figured more in the spots than regular U4s did. The advance sales were quite evenly distributed through May, June, July, and August, and several thousand pieces a week were sold for September. Most every mill imu k eiiaie in me selling, ine martet is very firm at 2 cents, with a Rood demand for both odds and regulars. The deliveries were ery well up, and a material cut in the stocK ot odds' and regulars resulted. Messrs. Remington & Davol furnish the following statement: jr'roauction tor the week, 220.- uuu pieces; deliveries. 2U0,000: Btoek (odds. wi.UOO; 64x64?. 0,000), 10O.00O. Last week's stock, 140.000: sales (odds, 183.- tnnj; 0-4XCJ4.3. 107,000), 200,000: spots, 5.. 000; futures, 234.000. Sales for weekly de livery: May, 14S1.000; June. 124,000; July, 07.000: August. 4B.OOO: September, 27,000: October, 3,000; November, 2,000; VOICE OF THE PEOPLE. -4 Solution of the Delaware Deadlock. South Chicago. 111., April 27. LEIitor of The Tribune, j There has been a deadlock in the Legislature of Delaware over the oloction of a United States Senator extending through several months and with little prospect of a solution of the vexod question. Don't you know why it is so? It's as plain as the nose on a man's face. There is not an Ohio man resident in tiie State ! Otherwise the plum would have been plucked long ago. V. S. Evans. Colleges Which Heat Aberdeen. Chicago, 111., April SfS. I Editor of The Tribune. In your column of ' More or Ls..s Personal " this morning the statement is made that Ab-hordeen University is entitled to tho honor of tirst giving a lady the degree of LL. D. Two American colleges are ahead of this, and 1 know at least one European school, Zurich University, gave that degree six years ago to Emilin Kempin. Dr. Kaoipin was my tutor during the year 1890. SI. M. Nehus, LL. B. Is An Impossible Kesurrection. La Salle, 111., April 20. Editor of the Tribune.! Every year or two some isliort-sighted crank announces to the worJil that J. Wilkos Booth has been seen in the Mesh or heard from in some remote part of the world. To any one who is acquainted with all the facts in relation to the death and burial of the assassin, such silly rumors are tiresome. The indisputable facts that wers brought out and sworn t:i by at least a score of soldiers and citizens at the provost post mortem trial loft no room for any doubt whatever the corpse before the provost jury was that of J. Wilkos Booth. And this, added to the further fact of his body being buried at midnight by trusted soldiers, sworn not to divulge the location of the grave, which was ten feet deep and contained fifty pounds of quicklime, precludes the idea that flesh and bouos can sur-vivo such summary treatment. S. M. COUT ANT. For Opponents of the Drainage Canal. Sugar (irove. 111.. April 20. I Editor of The Tribuue.J I would like to ask Lock port. .Toliet people, et al., this question: If the Chicago River had been an outlet of Lake Michigan instead of an inlet, as it now is. and its course along the line of the drainaga canal, and carrying 300.000 cubic feet of water por minute, would Lockport or Joliot or anybody pIho along its banks consent to have it dammed and turne.i into the lake? I have an idea the sewage of Chicago or the greater Chicago would not under such circumstances ba considered so great a nuisance as it now seems to be. 1 do not call to mind the estimated horie-power of the drainHgo canal, but, bo it more or less, one thing is certain, it would be utilized sooner or later, and being uniform in its How it would be far sup?rior as a power to the ordinary river of corresponding average How. 1 would like smna va.iey man who is so terribly worried aoout ( hicago sowaga to state whether if tho river with all the sewagi and mora. too. had been and now was running from Lake Michigan to the Illinois Hiverho would lioad a petition to the Legislature to havo it dammnrl back into the laker 1 Hero is prooa-bly no particular difference between a natural o- artiticial outlet, and both would carry tne sewage of Chicago. By the way, I was for some years familiar with working-men and tugmen on and along the Chicago Kiver and it always seemed to me they wera as healthy as anybody. Moreover, late statistics indicate t lucago is as healthy as any city on earth. John R. King. Onr Legal Procedure. Chicago, April 27. I Editor of The Tribune. The author of remarks under above hc'-iding. appearing in last Sunday's Tribune, apprahends that certain proposed changes in our civil pro cedure would result ic confusion, greatly pro tract litigation, and increase costs. The tirst of the two proposed changes provides that tho liti-gaut may in a single suit obtain ail relief to which he ma beentitio i, whether the jarae be legal or equitable, or botii legal and oquitable. In brief, it is designed that ail legal contentions between parties litigant be adjudicated in a single suit- This is the method by winch it is thought litigation will bo protracted. In other words, it is believed that John Doe, who is entitled to both legal and equitable relief, can obtain the same more expeditiously bv instituting on) suit for his legal rigbts, and by instituting another for his equitable relief. Illustrating the situation by an apt though homely expression it is believed that the individual can more expeditiously do his legal marketing, not by getting his potatoes and turnips oi the same trip and in the same basket, but it is thought that he ought to havo two baskets and make two trips one for the potatoes and the other for the turnips. This is practically what ho does uuder present pntctica. He obtains a note the payment of which is secured by mortgage. Both wero executed at tiie tame time and each is a part of the same transaction ; but tor relief as to his mortgage ho must resort to suit in equity and for the enforcement of his note claim must resort to separate suit at law. Why should this transaction bo adjudicated piece-meai when the same machinery that grinds out tho legal grist can at the same time grind out that that is equitable? But this, it is claimed. wouid increase costs, which means that by mul tiplication of suits costs are decreased, that it is cheaper to hire a lawyer to attend to two suits than to attend to a single suit, and that Sheriff's fees and court costs are less in two suits than they would he in one. However in theory this may be. practical experience of litigants prores to the contrary. But it is as serted that change would lead to confusion. Evidently this is true, and yet it must be con ceded that were such reason to prevail all prog ress would be at an end, and even our present system would not now be purged of the conced-edly harsh and inequitable peculiarities of the common law to which reference lias been made by the advocate of the presont system He thinks, however, that some improvements ought t;j be suggested, but that a sweeping change would prove disastrous. The very great majority of our States appear to thrive under just such disaster, for it must be remembered that this State stands with that email minority that lias either not so far advanced, or notsD far retrograded, as to adopt the changes proposed. The second proposed change provides that pleadings shall contain a plain and concise statement of the material facta constituting the claim or defense. Opposing this it is stated that " the common law system, with its positive statemont and counter statement, its categorical denials and precise affirmations, is the most superb piece ot machinery that has ever been devised to elicit the real point or points of difference between litigants." A more magnificent eulogy on common law pleading could hardly be conceived, certainly a worse slander upon code pleading could not bo stated. The object of the proposed change is to accomplish just what is claimed for common law pleading. But what is tho fact, not as to this ideal common law pleading, but as tne same actually exists in this Stater The lawyer tills in a printed blank containing the common counts alleging every conceivable form and manner ot indebtedness, la other words, he prnpares a sort of legal drag-net and if anything there is that it will not catch it has not yet been discovered. It will land either a whale or a pollywog. but what, under such a pleading, the defendant is really sued for, the pleading itself furnishes insufficient data for a guess. It tits as well an overdue wash bill as an overdrawn bank account, and under it one may with eqnal facility recover for stolen money or for the price of board and lodging. Such is the so-called excellent system in regard to which it is suggested that Chief Justice Fuller express himseif; but why pass by the barber and butcher's clerk if only opinion as to change from such system be desired? E. F. Hiitos. The Vnit of Value. Chicago, April 26. r Editor of The Tribune. -Coin's argument as to the unit of value under the law of 17i)2 is so foolish that it is quite fitly put into the mouth of a 16-year-old boy lecturer on finance. Had it been credited to a person of mature years, the less charitable construction that the fellow maliciously perverts the truth would bo inevitable. What is meant by the term "unit" is simply the basis for reckoning in money. Some governments have adopted a larger, some a smaller unit. England's unit, the pound sterling, is nearly five times as large as ours. France's unit, the frauc, is about one-tifth, Germany's unit, the mane, about one-fourth of ours. The "unit" is simply the starting point in counting money. Every sum is expressed ir. multiples or fractions of that unit. Now, this nit in every system of currency has not only a certain name but also a certain value, as measured by the amount of precious metal contained in it according to statute. In countries which have the single gold standard the unit is defined by a certain quantity of pure gold- Under the single silver standard, the unit is defined by a certain quantity of pure silver. Under a bimetallic currency the statute fixes a certain quantity of silver and also a certain qnantity of gold, either of which is the unit, under the supposition that the two quantities as thus fixed are, at least approximately, equal in commercial value. The "unit," thus defined by law. is very often merely an idea, a conception, an abstraction, rather than a concrete, tangible thing. Thus, for instance, in Germany, which has the single gold standard, the unit is expressed by a fixed quantity of gold. At the same time there exists in that country no gold coin which contains just the quantity of gold which makes the nnit. The unit of account in Germany is the "mark." Still no one-mark pieces of gold are coined, but it coins gold pieces of ten marks or units, and gold pieces of twenty marks or units. The only one-mark pieces coined are mde of silver. Under the German currency system the unit is measured in gold only, still ttim only coin which passes for the value of one unit is a silver piece, and the only gold pieces coined contain multiples of the fixed unit. Thus we see that the only true unit in the German system which is expressed in a certain quantity of gold, is merely an abstraction, as no one-unit gold coins are in existence, and the ono-mark silver coins are merely subsidiary money. The same is true in France, where the "franc" is the unit and the money system is the single gold standard. There, also, no one-franc pieces are coined of gold. And the only gold pieces coined are the multiples of the " unit" or franc. Let us now look at the statute of tho United States of 1792. It provides that there shall be coined "eagles, each to bo of ttie value of $10 or units and to contain 217 graio and. . four- eighths of a grain of pure or 270 grains of standard gold." It then provides for the coinage of half eagles and quarter eagles containing the proportionate quantity of gold. And then, finally, it also provides for the coinage of "dollars or units, each to be of the value of a Spanish milled dollar, as the samo is now current, and to contain 371 grains and four-sixteenths parts of a grain of pure, or 416 grains of standard silver." Now. it is true that the only coin provided for which shall contain just the value of one unit, no more nor less, is tho silver dollar. But it is likewise true that by that statute several coins are provided for h:ch are multiples of the "unit," and which are to be coined ot go'd of a certain fixed, defined qnantity. In other words, wh?re the statute fixes that a certain quantity of gold shall be ' ten units." it requires the stupidity of a Coin to deny that one-tenth of that quantity of gold is one "unit."' And, as shown above, the fact that no one-unit gold pieces are to be coinad does not in the least militate against that position. As well Hi-gtio that, because no one-mark cold pieces are provided for by the German law, the German unit of money is net settled upon goid, but upon silver. The reason w hy Germany's one mark pieces aro coined of silver lsquite obvious. The coin would bo too small jf marie of gold. Even a $1 gold piece would be a very small coin, and that was certainly one of the reasons why tiie statute of 1702 did not provide for its coinage. But the " unit " mav exist, as we have seen, though the coins provided for may bo oniy multiples of that unit. To further test Coin's assertion that under the lawot 1702 silver was the only unit of value: Suppose thut after providing for the coinage of, li;;.f ougies. and quartcrengiestlio statute had merely provided for subsidiary coins of copper or soma other metal, but had omitted the provision about tho silver dollar, would we have been without a "unit" of value? Would not gold have been tho "unit"? If 247 4-8 grains af pure gold aro equal t: tn "units," as the statute savs, how much of gold is one unit? It is to ha hopod that even the 10-year old boy, called Coin, can answer this simple problem in arithmetic. SuiMrxn Zeislek. The answer is pertinent and dmplete. The letter of Mr. Zeisler contains the best possible refutation of the absurd claim, the .stronger at-guinent in support of which is the drawing of a huge figure " 1 " with chalk on the blackboard as is alieged to have bien done by the fake boy "Coin."J Iowa ami Silver. New York. April 10. fEiitor of The Trib-une. -l note with interest the many items appearing in Northwestern new spapers regarding free romago f silver, also tho iteration and reiteration of what is called a ratio of " lis to I." "lr.'.j lol," etc. If I happen to dinar with many pood friends who feel like joining in that insensate clamor 1 hopo I will not ba put down as a " Wali street gold bug" simply because I am spending a feY, weeks here engaged in business matters in this fainjus money center of our country. It must ba conceded all good citinas am equally entitled to au independent expression of opinion on financial questions. As a lover of my own State ot Iowa, having baon identiliad vith it for a quarter of a century. 1 would liate to learn that our people would bo willing to enter into any scheme that would impair er upset State and National credit- From a moral, commercial, and a scientific standpoint ail meu who stop tn think must admit we must adopt soma one standard of value by or from which an proJuctsof i tie soi:. the mine.or the workshop must be measured. Tnrough the centuries gold lias baeu rejogaizei as tne one metal po-sesing unvarying intrinsic value and capacity for measuring all articles of commerce. Ail of this, howevjr, uas b ;e:i state 1 so often and so clearly that i do not desire to dwell mucl. upon tiiis question, uiidertuiciug to thrash out old straw. As I see it, however, I am obliged to suggest, if gold is to lose its character as a representative of values, then we must substitute si1v:t as our new standard metal. We canuot hava both goid and silver ou an equal basis. Wo can have as much si.vcr as peop-o seem to demand, hut to. fee used, however, only upon one of t wo alternative; plans: First, its usa in this country, us in other countries, as a subsidiary coin or as token money ; or. second, at its full face va.uo. by putting into what wo call a doliar a full dollar's worth of silver. Lust year tlia ratio in thi latter case was ab.rMt 2s to 1 : this year about 20 to 1; next year it may lie 24 to 1. Bat the arbitrary fixing of a ratio of 1T or 10 to 1. in view of the steady and increasing output of silver, not only iu Norm but in many either countries, presents innumerable difficulties, if silver coinage mints h re to bo opened up ud jib. along uio iiui-s suggested by tue men who are seeking to intiata values. The people wuo are most interested in obtaining sound money are the wage-earners, the farmers, and the merchants. Take the corn crop of Iowa of 1S03 (not last year s scorched product) and in round figures uieru was raised 200,000,-000 bushels. Call the price HO cents per bushel on tho average and that moans 00.000,000 from that singie crop. The entiro output of the silver mines ot this country for tne same year did not equal that sum. If my memory serves me right the silver output for that year amounted to about 50,000,000. Wou.d the Iowa farmers have got 50 cents p"r bushel for their corn when they saw the price fixed in Liverpool on the foreign goid basis at net 4S cents per bushel delivered at that remote point by rail and ocean in competition with the corn from other countries? The dairy products of Iowa in 1803 (according to Mr. Tupuer's figures) amounted to 87.000.000. as agaiust the gross earnings of a.i tue Iowa railroads of the same year amounting to $33,000,000. Was not the butter and cheese of our Iowa farmers paid for in gold coin? Today tue boom iu catuo brings for the best iteors .$75 to $00 per head. This represents-three years' patient, hard work of the stock-raisar. Are not tue st icrs paid for in good solid gold or its equivalent? The cattle raiser is not asking for cheap money at present, but he is anxious to increase his annual output of export beef at highest current prices. It seems to me across misconception is growing up everywhere as to the functions and use of money. Bushul baskets full of cheap money won't do us any good unlets we can put ourselves to work and get everybody profitably employed. It is the stagnation of enterprise and the hoarding ef money today that is ut the bottom of our trouble. AU the quack, ch?ap money nostrums won't cure us. If too much ranting, rockiess vaporing about " Shylocks " goos on. the tendency will be to harden the heart of the average thrifty American citizen, who will simply hang on to his funds until ha sees which way the wind blows. The big banks thut hold sei much cash today are not the owners of the money, so widely advertised and pointed'at. The bank is merely the responsible custodian of other people s money. If the Western people could only realize, for instance, that right here, within a stone's throw frenn tho writer, thera are several millions of money on deposit in hard coin belonging to the citizens and bankers of the States of Illinois. Iowa, Nobraska, Minnesota, and the Dukotas ! Wall street people and Wall street bankers are not the money-grabbers so often pictured. They are simp. y shrewd, honest, upright bankers and patriotic to a high degree. It is true that in railway circles there is a good deal going on that looks bad on the surface, but the people who play the game of "catch, as catch can" are usually exploiting the sliare-ovners of tho corporations, but this does not affect the working classes. No matter whether a railroad pays dividends or not, or even if it goes into the hands of a receiver, the employes get their pay year in and year out just the same. ... ... . The main point I want to make in connection with the foregoing is this: The plain. honest people of Iowa and tnewhoie Northwest are sound at heart and unusually clear of brain. In my judgment, it would bo most unfortunate if they were befogged or befooled by illusory, chimerical financial schemes, that if carried out would re-suit disastrously in tire end. No uncertain sound should be giv?n in a crisis soon to be upon us. In the history of all civinzedcountries the periods of depression have been characterized by periods of monetary juggling. Accumulated capital will always take care ot itself and eiiscount in its favor any proposed wildcat scheme. In the end the less informed and the toiling masses will got hoistad on their own petard if tney join in and aid irrational currency tinkers. 1 am one of the plain people myselt, and am with the plain people in heart and spirit, favoring a dollar worth 100 cents, the American dollar to be at par in every shop and store throughout the country and in every port throughout the world. Joseph Samfsox. Meat ot Needed as a Food. Chicago, April 20. (Editor of The Tribune. The consternation caused by the rise in the price of meat is all unnecessary. There is no reason in the world why human mammals may not keep np as successful and interesting an existence without ox hips as with them. In fact, after a careful study of the science of foods and a personal experience of many months allow me to assert with a good deal of enthusiasm that physiological integrity may be much more accurately sustained by a judicious diet of fruits and vegetables than by a diot in which flash is a distinguished constituent. ine vegetarian Latuig club of the University of Chicago, which has now been in existence about one year and which is today one of the most prosperous gastronomic enterprises of the many connected with the university, is a lving illustration of what I have just said. It was organized in April, 1894, amid plontiful prophecies of premature collapse. It began its career with fewer than a dozen members and its cradle days were days of groat lack of sunshine. But as uie days of J une warmed and lengthened into the days of Juiv our members increased and iroyiii3 oi our demise became more reticent loaay ine ciub has a member- luip ot aooot thirty, with facilities taxod. xne ciuo is composed or women nti man .i around its tables gather many of tha brightest niiu mini luiorrauiig people ot tne university. Prof. Starr, head of the department of anthropology, has been a member of the rlllh from it.. incepnon. The club runs at tne uniform rate of 2.5U a week, and by eliminating the uneconomical article of meat our menus are able to compare favorably with clubs paying a.5i and 4 a o "S3 i runs, grains, vegetables, nuts. aairy products, and eggs in tact- everything of the nutritious sort except the flesh and bones if other animals. Most people who are not vegetarians, wno are ignorant of the ways and glories ot vegetarianism, imagine that without meat there must be such a monotonous and inm. preisible lack of variety. In fact, the thought that comes to the mind of ono who for the first time contemplates the vegetarian regime is toat ho will either starve to death in a short tima or else stretch out a depleted existence on an insipid diet of bread aud milk. I had j'it soch apprehensions when my visions fi-st became vegetarian. 1 became a vegetarian for ethical reasons beforo 1 knew thera were other vegetarians in tno world and I was enthusiastically dubious about its possibilities. 1 know now that my apprehensions were tlmsa of ignorance. The variety of fruits and vegetables is so bewihioring. e?pb. cially in a market lik? that of Chicago, and the modes and possibilities of their preparation are so nearly numberioss that the most exacting epicure may bo satisfied. Wo. sit down to our breakfast table in tho morning and there comej before us a bovri of oatmeal witu cream, or it may be barley Hakes, or wheat groats, or some other of the dozens of farinaceous preparations. Instead of this we may begin our bri aktast with a piate ot fresh fruit or a tempt nig di-h of fruited toast or inttors. Alter this may come egs ia some of the inuitip-o ways in which they arj served, wheat cakos or muSiiis with maple sirup, a baked apple. Saratoga chips, and rare, hit. with cocoa, coffoo, and intik as beverages. Our luncheon is at 1 o clock, and may be of chopped cabbagn with oiive-. spaghetti with cbe.isa, corn broad, sultana putr,. nuts and raisins, baked squash and milk. At dinner we have onr soups and croutons, sweet or Irish potatoes. Bostou baked neons, mushroom croquettes or cauliflower, sliced tomatoes, and celery, with a desserr tif strawberry siiort-cake. The menus of no two days aro alike nnd in the elaily preparation of the mpntH caro is taken to furnish symmetrical amounts of tho albuminoids, caruo-hye! rales, r.-.u minora. s. To one living on such a beautiful aud ample diet for a few weeks or moutUs, uio fit-sii tearing performances he sees around him become not ocly unnatural but disgusting and horrible. The vegetarian regime is adapted not only to the stuilent but to the manual laborer as well. A breakfast of oatmeal and milk, a couple of eggs, graham mullius aud butl ter. and a nice r cli banana is much more civilized, nutritious, and economical than a braakfast in which bloody beef plays chief role. The most brilliaut burden-bearers ed the world todav am from choice or necessity vegetarians. The Turkish 'longshoremen, perhaps the most powerful bipods of the planet, are life-long vegetarians. So also are largely tno peasantry of Russia, Germany, and even of Norway and Sweden away from the seaeoasr. ''he dauntless Dvloum, tho courageous Japanese, and the redoubtable Chinese coolies are ad vegetarians. The nutritious qualities of vegetables, nuts, and grains aro every where underrated. Tlia eielusion that meat is the oniy genuine source of human energy has become so constitutional that it actually disturbs tho respiration of the uninitiated to be told that meat compared with many vegetables is a very dilute form of nutrition that even in albuminoids, in the supply of which meat is supposed to bo rather exclus. re, there are vegetable, nuts, and grain w hich far exceed mutton cncps and steaks. Fish, instance, contains 13 percent of albuminoid-1, pork an average of 1H ptr cent, and bef 17' j per cent:- while nuts furnish from H to 25 per cent, grains from 7 to 15 per cent, efgs 1 4 per ct-ni. cheese 20 por ce u, peas 22 per cent, lentils 'io per cent, and beans from 22 to 35 per cent. Some may wonder what couid .ba substituted for iard for culinary purposes. We use cotton oil. I is much nwre c gaut and economical thnn hog fat. We buy it for 50 cents a gaiion and use it for all tho purposes of cooking, even to the preparation of pastries. This hsautiful vegetal oil is so much superior to tha animal fats, in its appeals to both tho pal'Ue and tiie purse, that it onlv needs to b?c me known to everywhere supplant them. To any ono contemplating the vegetarian regime. I wi.l say : You may at first encoun-oppiobnum and seme slight inconvenience from the change. Hut persist. The inconvenience will disuppeur as suraiy us time passes, and in tne course of a few weeks there will coma over you a fejiing of elegance and superiority, of buoyancy and enspness. that will remind you of the days of boyhood and gir.hnod. You will feel clarified and refined. Your brain will be more obedient, you will ba heartier and healthier, can sleeo better, and do mora .work than ever beforo. This iias been my experienca and tho experience of dozens eif others with whom I havo associatoJ during the last year. in closing I cannot refrain from saying that I am a vegetarian not so much for tho benefit of myself as for tiie benefit of the creatures whoso corpses I would otherwise gnaw. It will be a vast moral and economical advance when tho creatures of this world derive their protoplasm directiy and naturally and painlessly from the kingdom of the plant instead of by swallowing each cither. J. How ard Mooke. University of I 'hicago. KEORCxANIZ-lTION OP THE ATCHISON, TOPEKfl 5 SflNTfl FE RAILROAD COMPANY. Pursuant to the prov.nona of tiie agreement dated March 14th, 1895, for tha reorganization of the Atchison. Topeks & Santa re Railroad Company, tha time within which security-holders may depaail their securities and become parties to said Agreement ia hereby limited to JI NK lO, 1895, at 3 o'clock p. m. Deposits after that date if accepted will be re ceived only upon each terms and conditions as tha committee may impose. Under tha provisions of sail agreement ail out etaniing securities must therefore be deposited usd the flrat installment of $3 per share on the stock and 3 per cent on the par amount of the Second Mortgage A and B bonds be paid not later than the date above mentioned. One per cent on tli deposited ieneral Mortgage Bond w ill he paid in raih at the time of in respect of three months' i nl crest thereon, if deposited on or before tha Kith day oi dune, 183.. Deposits in America must be made with the follow ing depositaries: In New York: All bonds with the UNION TRUST COMPANY OF NEW YORK, SO Broadway. Stook with the NEW YO.RK GUARANTY AND INDEMNITY COMPANY. 69 Cedar street. In Boston: AU bonds with the AGZNCY OF THE UNION TRUST COMPANY OF NEW YORK,. 85 Hill street. Stook with the OLD COLONY TRUST COMPANY. Ames Building. The NEW ENGLAND TRUST COMPANY will ct as BANKERS in Boston of the Union Trust Company of New York. New York, April 15. 1895. KDWAKI) KINK. Chairman.! It. WIMKKS HAVK, KmvAitn x. t; i it us. U KO K; K fi. 1 1 A V EX, ADRIAN ISliLIN JR., NI.MiO lr I-OTHON1ER, ROBERT EI.EM1NO. JOIIX MDEX, VICTOR MORA TV ETZ. HERMAN KOEBE, Secretary. CHARLES C. BE A KAN. ) Counsel to the VICTOR MORAWEXZ. i Committee. Committee. REORGANIZATION OF THE Atchison, Topeka & Santa Fe Railroad Company. ENGRAVED CERTIFICATES OK DEPOSIT in the form approved by the New York Stock Exchange are now ready to be delivered to the depositing security holdert in exchange for Bonds and Stock deposited by th"ra. and application will be made to have the Certificates listed on the STOCK EXCHANGE aa soon as a sufficient amount of securities have been deposited. Security holders who desire to participate in the Reorganization should therefore deposit their Holdings as .PROMPTLY aa possible with the Undersigned, All Certificates of Stock and Retristered Bonds deposited must be accompanied by rronerly executed Powers of Attorney for transfer. ' SEW YORK. April 25. 1805. Union Trust Company of New York, Depositary of nil Bonds. 80 Broadway, New York. New York Guaranty & Indemnity Co., Depositary of htK-k, 59 Cedar Street, New York. P.VanVussingen 102 Washington StrectI' SPECULATE ON MARGINS. The market now otTjn a aolenlid opportunity peculate with profit. If vou desire to take advaa-tage of ire favorable conditions send tor our little book, which explaina trdmg on margins. Alao our daily market letter, which telle when and In what to trade. Both free. W. Z. WB19HT & CO., 8 Pacifio-av.. Chicago. M ADHIN Xo matter what booklet ...lTl-irVJll on speculation you m ' nrr"v A rviav.T" have read snd for ours. 1 KJliVI which is amounts or 400 UPwaa CALU RATES. LansC LOANS AT LOW BATES A iPtOALTY, EXPLAINED SvirvS' EXPRESSIOXS.Ifs free and will teach you torn AKIIOGAST : CO 21 Traders Bigg.. Chicago real EswretoiTHS" Ts.v5v..t uiitfsr, EMLSnow &C

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