The Sun.
London, England, 1866-05-30 00:00:00

STATE OF TRADE.

MANCHESTER, May 29.—1 n shipping yarns we
have had a rather better feeling to-day, with more
disposition for business. The prices offered are still
low, but at the same time a healthier feeling is indi-
cated by the fact that people are disposed to operate
to a fair extent. There is an impression that for
long-stapled yarns prices have touched their lowest
point. In home trade trade yarns there has been a
moderate amount of business. Indeed, manufacturers
for some time past have supplied themselves so
sparingly that they are almost compelled to pur-
chase in order to keep their machinery going and to
complete passing orders. Prices generally are re-
ported unchanged, but manufacturers who have
been compelled to buy say that practically they
have found yarns about id. per lb. against them as
compared with the lowest rates of last week. Still,
there are many depressing influences which the mar-
ket has to struggle against, and though a more
cheerful feeling is generally spoken of an existing
rise, it is too soon to speak of any established, in
values. In cloth, durin g the whole of the past week and
up to yesterday,owing to the constant disturbance of
the money-market, and finally to the stoppage of the
Consolidated Bank, this market was exceedingly de-
pressed, and prices had a downward tendency. To-
day there is a better feeling prevailing generally,
and considerable offers have been made for cloths,
at a shade higher prices than were current last
week. Great inconvenience has been caused by the
stoppage of the Consolidated Bank at Manchester,
consequent on the decision of the London board of
directors on Sunday evening. Many people had the
whole of their balances locked up in it, and we heard
of one depositor who had many thousands of pounds
in it, and yet had not £5 in cash available yesterday,
morning for business purposes. Such persons, how-
ever, would not find it difficult to get accommoda-
tion to a limited extent at other banks. The branch
here was originally called the Bank of Manchester,
and was one of the joint-stock banks established by
Royal Charter. It had a disastrous failure about 30
years since, and the affairs took about 15 years to
wind up ; but the charter was never allowed to ex-
pire, and the bank was resuscitated by means of
new capital and was carried on for years with much
caution and circumspection by a directory who had
been taught something by experience till its con-
nexion with London firms under the title of the
Consolidated Bank. In fact, the Manchester branch
has been conducted up to the last with great pru-
dence, and was iu a perfectly sound and healthy
condition, doing a large and profitable business.
It is said down here that the London board com-
mitted themselves to the arrangement with the
London bank, not only without the concurrence of
the directors in Manchester, but absolutely without
their knowledge.
CARDIFF, 28th.—The steam coal proprietors of the
district are well off for orders, and fresh ones are
coming in freely. During the past week the want of
tonnage at the docks seriously impeded operations,
but, now that the wind has changed from the east,
a goodly arrival of vessels is expected. There is a
brisk demand from the foreign markets, especially
from Italy, France, Austria, and Prussia, and
freights to those countries have advanced consider-
ably. The home trade is also characterised by much
activity, and increased quantities are being sent by
rail to Birkenhead, and to the metropolitan and
midland markets. In the local sale of house coal
there is no change to notice. In the iron trade the
works are fairly employed in executing arrears and
orders that have come in recently. Business is very
quiet, and the utmost caution is used by makers and
buyers. Contracts from the foreign markets come in
slowly, and scarcely any business is being done on
homeaccount. In fact there is no probability of trade
assuming anything like activity until the prevailing
difficulties which surround it are removed. The in-
quiry for pig iron has slackened, and the tin-plate
works depend on old orders to be kept going.
LEEDS, 29th.—To-clay's woollen market has been
very quiet, even for a between-season period. There
was about an average attendance in the cloth-halls,
but none of the parties recognised as usually leading
off extensive operations were present. Buyers seem
deterred by the fear that the commercial panic has not
yet passed away. A few scanty lots of spring goods,
scarcely deserving a better name than remnants, were
sold to-day at whatever priceswere offered. The best
demand seems to be for low unions of the. Sattara
and other makes. Inquirers after samples for next
season's goods were most of them unsatisfied ; but
manufacturers have made large deliveries, according
to order, and at the warehouses stocks are now get-
ting large of all goods of the beaver and other heavy
classes in a variety of shades. In the white-cloth
hall there was only a moderate supply of heavies,
but sufficient to meet the day's requirements.
NOTFINGHA3I, 29th.—There was a firmer feeling
in the yarn market at our Exchange-hall to-day.
The attendance was about an average, and fine
nnmbers of lace yar,ns were held at full prices ;
for coarse numbers the demand was slow, but
late rates were quoted. The demand for hosiery
yarns underwent a slight improvement, and previ-
ous rates were maintained. In silks scarcely any-
thing doing, but prices remain firm. The demand
for brown nets continues very flat at unaltered rates;
prices for this description of goods are still below
prime cost.

ROCHDALE, 28th.—The flannel market has been
more lively than for some time past, but it was more
on account of the number of buyers and manufac-
turers present than because of a reinvigorated de-
mand.
Some of the representatives of London and

Last night the 49th anniversary conversazione of
this association was held at the Institute, Great
George-street, Westminster. On this occasion the
invitations were limited to the number which the
rooms could conveniently accommodate, so that
the crowding which has so often marred the
comfort of these gatherings was quite avoided.
Mr. John Fowler, as president of the institution,
received the visitors, who, with the exception
of a few scientific noblemen and gentlemen,
consisted almost entirely of the chief engi-
neers of England, and the foremost of those
whom we may call the sub-engineers--the great
contractors who carry out in practice what their
professional brethren have devised in theory. All
the rooms were thrown open on this occasion, the
staircases ornamented with statues and flowers, and
the walls of the apartments themselves hung with
a most valuable collection of modern paintings,
which had been lent for the evening by the diffe-
rent members of the institute. Some of the most
famous of recent English paintings were thus
brought together, and as a mere picture gallery the
display would have possessed attractions for fifty
times the number that were invited to witness it.
In the lower room beyond the institute were ranged
the collection of working models, plans, and draw-
ings, usually shown on the occasion of these meet-
ings. All of these were new, and some exceedingly
interesting. The working model which, beyond all
question, excited the most interest was shown by
Mr. Penn, under a glass case. This was a miniature
counterpart of the engines of the Northumberland,
finished off with such minuteness and care as is
seldom bestowed on any but the most costly scien-
tific instruments. Near this was placed a very
beautifully executed model of the new floating docks
intended for St. Thomas's, West Indies. By this
plan, which consists simply of a series of pontoons
connected by stout wrought-iron girders, a ship may
be easily and safely lifted out of the water and
raised above its surface for repairs in a large and
perfectly secure floating dry dock. The one now
being sent out to the West Indies, ani the model
of which was shown last evening, though only cost-
ing £85,000, is equal to raising a vessel of nearly
4,000 tons and 330 ft. long. When the question of
foreign, or rather colonial docks for our ironclads
is so much urged by all nautical authorities, this
plan of floating them up by cheap pontoons seems
to be deserving of the attentive consideration of
the Admiralty. Some useful adaptations and improve -
mentsof the principle of the sewing-machine were
also exhibited. One of three by Messrs. Neats and
Clark is made to work with the utmost ease and
facility on the stiffest descriptions of leather. The
heaviest kinds of harness or stoutest sorts of boot
soles are stitched with almost as much rapidity as
ordinary clothes. Another adaptation of the same
principle was shown by Mr. Thomas as applied to
the sewing of leather gloves. A minute but perfect
model Of an hydraulic machine for cutting coal was
shown by Messrs Carrett and Marshall. This very
simple and compact contrivance, with a supply of
30 gallons of water a minute at a pressure of 3001 b.,
can do the work of 20 men per day, and at no further
cost than that of its first price, which is as low as
£125. In the examination of these and other
models, and inspecting the fine collection of pictures,
a very pleasant evening was spent, and it was late
before the company separated.

SPIRIT OP THE PUBLIC JOURNALS.

TIMES.—Two and two, we have often been told,
in politics do not always make four, and it is evi-
dent that whatever the value of the two bills now
united in Parliamentary wedlock, the result is not
the sum of them, or an addition to either. The
Redistribution Bill has answered no purpose but to
account for its long concealment, and to justify
those who insisted on knowing all about the in-
tended Reform. It was expected and admitted to
be the weak side of the measure, and accordingly
it is the side on which the attack is now made. The
Attorney-General, breaking a long silence, accuses
the assailants of unparliamentary practice in taking
a course neither proper to an objection on the prin-
ciple of the measure nor yet to an objection upon
detail; but a majority in a very good House has
sanctioned that course and approved its reasons.
The real question now is the Distribution of Seats,
and it cannot be doubted that the bill is there in the
most imminent peril. If, too, the tactics employed
against the bill, or any part of it, be at all question-
able, they are the necessary reflection and inevit-
able counterpart of those employed from the first in
the management of the bill. From the first, we re-
peat, Government has prided itself on the address
with which it had devised, not a perfect measure, or
even a complete ipeasure, but one which would pass,
while a complete measure would not. Compelled to
throw off this reserve, and show the whole bill, its
next boast was that it had hit upon a particularly
clever line of disfranchisement, and that by putting
the disfranchised boroughs into groups it had spared
them the stigma of utter disfranchisement, and
given them also an actual consolation by a fractional
part in the new aggregate constituencies. An adroit-
ness verging on shiftiness, and an ingenuity ap-
proaching to downright imposture, have been the
characteristics of a measure which ought to have
been eminently addressed to British candour and the
national love of fair play. From the very first we
said ourselves that the only chance for the bill was
to make it stand on its own merits, however dis-
tasteful to party or to interests, and bring all the
force of Government, of party, of opinion, and, if
necessary, popular feeling, to push it through. The
Cabinet, however, as it appears, were not prepared
to run these risks ; they did not trust either their
supporters or the public at large ; they would not
accept the invitation to martyrdom, if necessary ;
and they have adopted the second-best policy. We
do not al ways call it a mistake when a man tries to
do by fraud what he cannot (Id by force ; and in
politics, as in war, we think a good deal to be fair
that we should very much reprobate in the dealings
of private life. But, as a matter of fact, Govern-
ment has been too clever by half. It could not
possibly impose on anybody, nobody has been im-
posed on, and it was not worth trying. It was plain
from the first that the representatives of the con-
demned boroughs must be aware of the secret sen-
tence, and were only biding their time to defeat it.
They would not actually put their heads into the
lion's mouth, and help to create a House of Commons
more hostile and more powerful than that they now
have to deal with. It was something more than dex-
terity and sleight-of-hand that prevailed against the
old Parliament. It was revolution, and all but
civil war. Compulsion was put on the House of
Lords and on the Crown, and it could be put safely,
for the people cared for that bill, and the people
were up and doing. The present bill is to worm its
way by dark and sinuous, methods. The attempt
is made, and the success is before us. Nobody re-
spects it. Friend and foe rise against it. All re-
spect a bold and consistent policy ; none scruple to
use any weapon whatever against that which is not.
This measure, its supporters are modest and in-
genuous enough to tell us, does not pretend to be
a good, courageous measure. It stands not upon
its integrity, but on the want of it. It pro-
claims that it is cheating us all round with con-
cealments, disguises, illusions, meagre consolations,
and dexterous manipulations. Accordingly it is paid
in its own coin, and it stands some chance of being
outwitted. The merciless exposure and pulling to
pieces of which Monday evening's debate was only
a sample is just what was to be expected from a bill
palmed upon us, put upon us, insinuated into us, as
this was to be. A real creation, as a good measure
ought to be, whether of Parliamentary Reform or in
the most ordinary matter of legislation, grows toge-
ther, improves on acquaintance, and becomes an in-
stitution in the mind before it can arrive at that
standing in fact, The Redistribution Bill refuses
to cohere, will not grow, and is falling to pieces.
The " 8,000" line "of Census 1861" has disappeared.
Everybody is walking over it to and fro. The Al-
satia for bad boroughs found just over that line has
been invaded by clever detectives from both sides of
the house, and found to be full of political outlaws.
The groups really cannot be held together. Being
devised on the grand principle of imposing on the
world, and setting one party against another, they
are mere pluralities, and not groups, and they read
like the preferments of a defunct pluralist, who had
a curacy in one diocese, a rectory u another, and
•

his residence in a third. There is even a centrifuga
force in these discordant numbers. If there ever
was a chance for Woodstock or Wellingford caring
for one another, it is now hopeless, for Mr. Glad-
stone has sown between them the seeds of an eternal
hatred. Cirencester and Tewkesbury can only
wonder what Mr. Gladstone has found they have
in common. Wells and Wesbury both begin
with the same letter • that is really all they have
in common. All Hampshire spreads itself be-
tween Andover and Lymington, and they pro-
bably have less communication than York and
Lyme Regis. But this absurdity, which runs
through nearly all the so-called groups, is only part
of a general disregard of the first principles of
grouping. A group should be a unity, and a whole.
It ought to create the nearest possible thing to
that actual community which the best authori-
ties declare to be the most Constitutional constitu-
ency. The bill interposes not only whole counties,
but, what is a deeper gulf, populous cities, between
the members of the " groups." These cities, of
course, would supply the missing centre, but it
would be a centre of corruption. Nature abhors a
vaccum, and a void in the heart of a group will be a
vacant spot in a crowded town—a very dirty place.
But, as Captain Hayter illustrated abundantly, the
framers of the bill must have set their faces wil-
fully against all chances of coherence and unity in
these singular combinations. If it is their principle
to group, he asks them why they don't make groups
out of the materials before them. Join Marlow and
Wycombe • add Woodstock to Oxford, and Abing-
don to Wallingford. Andover would go well with
Winchester, Lymington with Christchurch, and
Arundel with Chichester. Then why throw out of
the window, as it were,' the smaller towns not yet
risen to the franchise ? They would help to make
groups as rubble and rough mortar help to fill up the
intervals in masonry. Any one moderately ac-
quainted with the social and industrial geography
of this country could frame many groups which are
already groups in a very real sense of the term.
Perhaps the confusion of second thoughts and a
hasty change of front may have something to do
with this apparent slovenliness. But there is at the
bottom a worse fault. The bill is like the bad razor
or the bad piece of furniture, got up for sale, and not
for use. It is veneer and wax, without solidity.
The materials are unseasoned, the joining just
enough to satisfy the eye. Mr. Gladstone exhibits
his groups, which, it cannot be denied, are make-up
towns, up to the requisite figure, though, indeed,
that figure is founded on no principle, and is at
variance with other principles of the bill. But, as
soon as the groups are scrutinised, they are found
to be no groups, but a number of figures without
unity of design or a common action, as in a bad pic-
ture. Is there no remedy for this fatal defect in the
measure ? The arrangements, miscalled groups, are
so undigested and so indigestible that they cannot
possibly form the parts of a bill which propose to
be a new Constitution, and to supply by its natural
and happy character the place of ancient growth
and strong prescriptions. It is proverbially difficult
to make an old thing new, but antiquity ought to be
imitated and unity at least affected in things that'
are to take the place of old. Even a candidate in
an ordinary competitive examination for, we will
say, the Inland Revenue Service, ought to have pro-
duced a better paper than this. Or let us suppose
that it has been found necessary to re-arrange the
" rides " of the excisemen ; any clerk might have
divided the kingdom better. He would not have
made composite boroughs as wide as the old city,
On which it was said it might be taken, and its in-
habitants not hear of its capture for days after.
This part of the measure must be amended, or
growing majorities will roll against it, like the in-
creasing waves of a rising storm. We know not
why it appears to be assumed that no material
alteration can be admitted without the sacrifice of
the bill. Already a good deal has been said and
done towards a better Distribution of Seats, and as
Government clearly had no plan, no principle, pos-
sibly no scheme at all of their own at the opening of
this Session, it is so far fortunate that there is really
nothing to be lost or destroyed. The groups to be
sacrificed are really no more groups than the
capricious arrangements a child may make with its
toys on the nursery floors to sweep away and forget
as soon as made. Founding new institutions, and
those institutions the very basis of this great empire,
must be a work of time and labour ; and the re-
quisite time and labour have not yet been given to it.
POST.—There appears to be very little doubt con-
cerning the acceptance on the part of the hostile
armed powers of the invitations of the neutral
Powers to meet in Conference at Paris. In draw-
ing up the positions for a Conference, his Excel-
lency M. Drouyn de l'Huys carefully avoids any
conditions which would make it absolutely impossible
for either Austria, Prussia, or Italy to approach
negotiations for a peaceful solution of difficulties,
and in accepting none of the powers positively en-
gage themselves in any way. But what will be the
effect of this interval of peace-making endeavours
on the three armed Powers ? As regards Austria,
that Power has nothing to lose, and ail to gain, by
preparing further for what is known to be her de-
fensive attitude. Despatches coming from Vienna
continue to assure the Cabinets of Europe of the
decision of his Majesty Francis Joseph and his ad-
visers not to assume the offensive, but to await the
enemy with a force which is now estimated at about
800,000 men. In the next three weeks or a month
Austria:will be able to complete the defences round
Vienna, in Venetia, and towards the Prussian fron-
tier. The military influence at the Vienna Court
does not urge war, but strengthens the Emperor in
his decision to maintain the integrity of the empire,
and not to listen to the proposed cession of Venetia;
and yet this will be the great difficulty when the
Conference meets, for in the estimation of the mili-
tary politicians of Austria there is no territorial com-
pensation which can compensate for retiring from
the strong place of Venetia, which all Germany
would be inclined to defend, as Napoleon 111. learnt
when he halted at Villafranca. Then, as regards the
effect of a Conference truce on Prussia, that Power
can support a suspension of proposed hostilities with-
out complaint. The Prussian people are so univer-
sally opposed to war that it may be convenient for
the King and Count Bismarck to have an excusefor
retiring from immediately threatened hostilities; and,
on the other hand, for proving, from the failure of
negotiations—if such take place—that Prussia must
fight. It is the effect of the Conference on Italy that
we are more particularly anxious to take into consi-
deration ; since the King, Government, and people of
Italy are in a position widely different from the Sove-
reigns, Cabinets, and people of Austria and Prussia.
KiugVictor Emmanuel is the heroic personification
of the nation's desire to complete the emancipation
of the Italians from foreign rule. Neither the So-
vereign nor the Governraent of Italy, under existing
circumstances, possess legitimate control over the
excited popular will. The statesmen of Italy appear
to have been hurried on by a tide of warlike enthu-
siasm, which some of the best friends of Italy deeply
regret. The reports which reach us from all corners
of the Peninsula show such a universal patriotism as
seldom presents itself in the history of a nation.
The whole youth of the country is asking for arms,
for one great object, viz., to drive the Austrians out
of Venetia. There is nothing similar to this feeling
in the armed hosts of Austria and Prussia. They
might be disbanded to-morrow, to the applause of
the people, for in Germany no one wants to fight
save the military factions at Courts, and the idle
overgrown armies—men
,weary of dull garrison life,
small pay, and slow promotion. The perils of Italy
are augmented by the Conference in more ways than
one. We hear of the revival of the reactionary
priest party in various large towns. In Naples seve-
ral arrests of Ultramontane Bourbonists have taken
place, and the police are employed in tracing out the
origin of a wide-spread plot to cause domestic trouble
should Italy be engaged in a foreign war. Brigan-
dage is also again holding up its picturesque head,
and the Roman Committee is reported to have re-
ceived funds for reviving its old work of plunder,
murder, and anarchy in the Two Sicilies. It is only
natural that Austria, finding herself threatened by
Italy, should seek to create in King Victor Em-
manuel's constitutional dominions hostility towards
the Government, through the influence of her old
priestly and Bourbonic friends. No doubt the exiled
Grand Duke of Tuscany, the ex-King of the Two
Sicilies, and the loyal people of Parma and Modena,
together with the Papacy, are holding communica-
tions at Vienna, under the hope of events restoring
that which their devotion to Austria and Church
influence made them lose. All these influences, it is
reasonable to suppose, will strengthen Austria in a
policy at the Conference which must end in obliging
Italy to commence hostilities. Another peril for
Italy is that Austria and Prussia may make friends
at the Conference,. and then Italy would be left alone
with the sword drawn, and be eventually precipi-
tated into hostilities by an enthusiastic patriotism
which may be more honest than wise. We cannot
but applaud the efforts made by the neutral Powers
to bring about a peaceful solution of differences be-
, tween three great Powers who have armed to settle
the quarrel by the immense sacrifices of war ; but,
whilst we hope the Conference will prove a success,
we cannot help fearing that Venetia will be the
great difficulty, because all that is reactionary in
Europe is now strengthening Austria's obstinacy
and pride.

TIIE CROPS IN CORNWALL.—There is promise of
an abundance of hay, the crop looking particularly well
throughout the county. Wheat- is doing very well, and has
been immensely benefited by the recent mild showers.
Oats and barley cannot be reported of so favourably, still
they have made considerable improvement during the past
few days. Potatoes, generally speaking, are turning out
very middling.

American Financial News.

:From E. F. Satterthwaite and Co.'s Weekly Circular,

May 23.)
The Africa brought us our custothary advices from Nei
York to the Bth inst. The payment of interest on the
5.20 Bonds had given further ease to the money market,
and balances were difficult of employment on Govern-
ment or first-class railway securities, at from four to fife
per cent. The Bank returns again show a very loge ad-
dition to the deposit and amount of specie ;
and the
demand for advances on commercial account being small
the banks were compelled to look to Government bonds as
an investment of their surplus means. United States 5.20.
Bonds were last quotedlo2 ex coupon and other stocks werefirm in proportion. In railroad stocks there was but little
change, New York Central, Erie, and Illinois being with-
out alteration, but Readings were in demand at an advance
of about two per cent. State stocks and railroad bends
were in but small demand.
Via " Greencastle " we have received the following
quotations, being to the 12th May :
United States 5-20's lO2 Erie, Common ......... 731
I Illinois Centrals 122- Gold .....................1281
The following is the return of the New York Banks
Discounts. Specie. Circulation. Deposits.
April 28, 245,017,692 8,248 3,937 25,378 718
7,280 202,,,,,„'4
0
May 5, 253,974,134 10,914,997 25,415,677 210,373,a"
CHICAGO- AND ROCS ISLAND.
The board of Directors of the Chicago and Rock Island
Railroad Company have resolved to issue $2,600,000 of the
bonds or obligations of the Company (convertible into
stock) and dispose of them to the stockholders at the rate of
twenty per cent. of the par value of the same. The bonds
will be apportioned to those stockholders pro rolA 111,11°
shall be registered as such on the closing of the trans°
books on the Bth day of May, 1866.
The payment of the twenty per cent. of the par by
of the bonds must be made at the office of the company uJ
the 12th day of June, 1866, at which date the bonds ill'
be ready for delivery.
The transfer books will be closed on the Bth day °I
May, and re-opened on the 12th of June, 1866.

PRICES OP STOCKS AND BONDS AT NEW YORK'
U. S. Gov. Securities. per Cent.
Loan 6 per cent.
116
Do. 6 do. Coup. Bonds9l
Do. 5 do. do.
Do. 6 do. do. 1111 8888 6876 7481 111
0911 9956 tttt
0000
Do. 6 do. Registered
03
5.20 6 do. Coupon Bonds xlBB2 102 to 10
5.`20 6 do. do.§
10.40 5 do. do. x11980844 102
5 to
o j 6

§ New issue.
State Securities.
Alabama, 5 per cent. ... ... ... ....b
California, 7 per cent., New, 1877 ... ... 107 to lu°o
Georgia, 6 per cent., 1872 ~, .„ ... 95 to 9
Illinois, Int. Imp. 6 per cent., 1860 ... ... 97 to 10000
Do. 6 do. 1879 ... ... 97 to 6/
Indiana State, 5 do. ... ... ... 85 I
Do. 21 do. ... .„ .., 70 to 196
Kentucky, 6 do., 1869-72 .., ... 94 to 96
Louisiana 6 do. ... „, ~, 96 to ,Al
Maryland 6 do. 1870 ... ... 100 to IX,
Massachusetts 5 do. ... ... „, 94 to ~1,
Missouri 6 per cent. Bonds. 1872-86 ... ... 74 to ~,6
New York 5 do., 1872-77... ... ..• 94 t° 85
North Carolina 6 per cent., 1873 83 to Ag
••• •••
Ohio 6 do., 1870 ... ~. ... 94 to
do. 6 do., 1875 ... 93 to '67
do. 6 do.. 1881 95 to g 9
Do. Do. 6 do., 1866 97 to 83
Pennsylvania 5 do. 86 to 6
do. 5 do. Coup., 1877 ... . 8,5 to. ni
Tennessee 6 do. do., 1892 ... .:, 90 t
Virginia 6 do. do., 1886 ... ... 68 too
yt.
Railroad Bonds. per Cep
Atlan. & Gt. Wstrn 7 per ct. (Ohio Section) Ist 85
Mortgage) 1876 ...
...
...
... 83 to ,01
Cin., Ham. & Dayton, 2d Mort. 7 p. cent., 1880 100 to 100
Chic. & Rock Is. Con. let Mort. 7 per cent., 1870 99 to 99
Erie, Ist Mortgage 7 per cent., 1867 x ... ... 98 '1) 99
Do. 2d Do. 7 do. 1879 ... 98 to 97
Do. 3d Do. 7 do. - 1883 „. .. 96 to ,I
Do. 4th Do. 7 do. 1880 ... ... 91 to 95
Do. sth Do. 7 do. ... ... ... 93 to 90
Galena & Chicago, Ist Mort. 7 per cent., 1882 97 to 91
Do. Do. 2d do. 7 do. 1875 96 "0104
Illinois Central, 7 per cent., 1875 .. ... 102 to ..-...
Little Miami, Ist Mort. 6 per cent., 1883 .. --
106
Michigan
••• ••• 1%
Michigan Central, 8 do. 1869 ... . 105 t° - S
Do. do. 8 do. S. F., 1882 ... 106 to
Do. Sn. & N. Ind. 7 p. c. M. Sk. Fund, 1885 ...
oto 91
New York Central 6 do., 1883 ... .. 90 to „,,
do. 7 do., S. F., 1876 ..: Do. .... 101 t° lu9i
Do. do. 6 do., 1887 ... ... ... 90 to 103
Do. do. 7 do., convertible, 1876 ..
North Indiana, 7p. c. ... .o. ..: 95 to 96
Do. Goshen Branch, 7 do.. 1868 ... ... 95 to
Pittsburg, Fort Wayne, and Chicago, Ist I fit) to 191
Mortage, 1912 ... ... ... ... I 1-- 93
Pennsylvania Cen., Ist Mort., 6p. c., 1880 ..• 96 to 94
Do. 2d Mort., 6 do., 1874 ... 93 to 90
Reading Mort. Con., 1880, ... .o. ... 88 t'EP 95
Do. do. Non-Con. 6 do., 1870 92 to 101
Do. do. Con. 6 do., 1886 ::: 104 to
ciov.
We have to note a further depression in the L°ll,ey,
market for American securities during the past IsT 00
Some considerable amounts of stock have been placculovi
the market, and the apprehension that, when our de,
quotations are known in New York, a correspondingl,oo
102 to 96
pression may take place there, has deterred buyers ,ora
coming forward so freely as they otherwise would ' obi
done to avail themselves of the large profit that W° I
accrue on shipment of bonds and shares to New Y°/1:
mai
ntained there. On advices received to-u 741
by the Hibornian, which are to the evening of the 12th ills;
quotations show a difference of quite six per cent",ct
United States 5-20 Bonds and ten per cent. in Illinois 3',
Erie Shares between the two markets, as 5.20's at 1024't0
New York would work out with exchange at 1411 eq'oe
711 here, while the closing quotation is 611 to 65. 11100
same way Illinois and Erie Shares respectively sll,or,
stand at 861 and 521, while the closing price for tb°

vier is 76 to 4, and for the latter 424 to 1 only.
, St tog
OFFICIAL TRANSACTIONS FOR THE WEER.—United
6 per Cent. 5.20 Bonds, 1882: Thursday, 66 51
1&
Friday, 664 6; Saturday, 66 51 ; Monday, 65 i ;
dny, 644 5 ; Wednesday, 654 44 4. Virginia 6r 'iv JO
Dollar Bonds : Thursday, 46 ; Monday, 42 ; TrlcsdTas,,
3. Atlan. and Gt. Western (N. Y. Sect.) Ist Dirt'
fisoli-
-1860 : Thursday, 701. Atlan. and Gt. Western C°[.• 1;
dated Bonds, 1895 : Thursday, 50 41 4 ; Friday, dad'
Saturday, 52 ; Monday, 50 3 ; Tuesday, 50 49 51 ;., 451
nesday, 51. Erie Shares, $lOO, all paid : ThursdY4 3 ;
6 5 ; Friday, 451 4 ; Saturday, 451 5 ; Monday, 431 con'
Tuesday, 414 24 2 ; Wednesday, 421 4 4lllinois sr.,
tral Shares, all paid : Thursday, 774 44 ; Friday, jorea'
turday, 771; Monday, 76 4 ; Tuesday, 761 1 st 61;
nesday, 731 6 f 6 1.

wife of