davidaulloa/AmericanStories huggingface dataset:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

SATURDAY. June 5-P. NJ.

In reviewing the events of the week ending to-
might the commercial situation seems to require no
further comment than reference TO the existing
railroad war; whitehall rumOrs to the contrary not
Nitbstanding-is daily growing in bitterness; for
fhis war is creation of the dull state of trade and
not. as some writers would have US believe, the
creator of the present depLOrable condition OF COM
,nercia affairs To say that low rates for transporta-
4ion would stimulate trade there any trade TO
he stimulated is but TO utter an axiom; and there
fore it is one of the worst signs of the times to see
the railroads offering to carry freghts at considerably
less than the actual cost TO them without producing
the least perceptible increase in the movement OF
rroduce eastward, OF of dry goods, hardware, gro
ceries &c. westward. Neither do we consider it as
desirable for the public veal, and especially not for
the interest of this State and city, that this war
houd come to end until it has fully accomplished
the one event necessary TO the continued commercial
snnremacy of York, to-wit the squeezing out
of every particle of water OF fictitious capital
in our whole railroad system. AS to the hard
shin 70 stockholders of such a procedure
the question might be pertinently asked, Is
there any reason why the owners OF railroads
ahop,d he EXEMPT from the ills 10 which the holders
of all other kinds Of property are liable. and from
which they are now sufferingf Furthermore, does
the original purchaser of 100 shares of the stock of
the New-York Central Railroad, for which he paid,
say 100000 expecting to receive thereon an annual
income of 500 or $500, because he suddenly finds
himself possessed, through the arts of the Ma
piann of POT shares of NewYork Central and
Hudson stock, and has since received 81 $3.50 per
anuum instead of the expected $500, suffer any
hardship in being compelled 10 again accept the
$500 Der annum for which be originally was thank
fuli Aud would the holder of the inflated stock at
about current prices be any worse OIL than is the
possessor of Central Park lots. or OF any other
property which had been bought at imitation prices,
Who cannot even lind price at which he can realize
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

The following are the reported earnings OF the
Union Pacific Railroad for the month of May, 1870
and 1874:
1875 sl2l4GG7 s-187l 1884 SCI rs Incse $3.50 100 %
Increase in 1873 over 1874, 4555lOO per cent.
The Trustees to the Union Pacific Land Grant
Mortgage advertise that they will buy at the office
of the Company in Boston, on Thursday next
SjO 900 of the bonds to be retired out Of the pro-
ceeds of sales of the morgaged lands. The offers to
sell must be under SEAL directed to John Duh and
F. l.. Ames Trustees.
The mortgage bonds of the ST. Louis Bridge, about
80 900 900 in amount, first and second issues ne
gotiated in London two or threeSears since through
Messrs. Junius = Morgan & Co., are supposed to be
in some trouble TO the prompt payment of the IN
terest IL is understood that this great and very
costly work has proved a lamentable failure In
respect TO income The net receipts will not begin
to pay the interest the bonds
The Phenix Insurance Company of Brooklyn have
removed their New York offices from No. 173 Broad
way to the Western Union Building The Company
has been in existence % years, and has never yet
made an assessment upon its stockholders. The
total assets of the Company are now stated at
o1s3956. Since the Company has been in opera
ton its managers state that the losses paid amount
10 upward of FL 100000.
The Philadelphia stock market is dull Penn
svyania Gs third issue, 112; Philadelphia and
Erie Railroad. 21; Reading Railroad. 1913; Penn
syyania Railroad. 1873. Gold. 1l7ls.
The following table shows the cotton movement of
the week as reported by C. A. Easton cotton broker:
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07
The bids for stocks at the close of the Exchange

The cable advices again freighted win
rumors of further financial disasters IN London Dut
as no particulars came it had no percepti0le ehect
upon the markets on this side of the water Indeed
the London Stock Exchange was not apparently DIS
tured Judging from its serenity and the steadlness
of both the English and American funds. There
was no change reported in the monetary SITUATION
the minimum rate of discount at the Bank OF Eng
land continuing at 3l2 per cent. The Bank maze
gain to-day of $4,000 in sterling bullion. lii Fdls
the French three per cents declined from 6lsII2
to G472. As usual steamer day the foreign
exchange market was neglected there being
no demand after the departure OF the
packets. The nominal rates unchanged
bur the basis of business may be stated at - -
and 81 90 with tho same general elements in force
that existed Yesterday These rates at full ship
ping points and c.lack of other articles OF export
is evidenced in the shipment to-day OF 5000 900 by
the Gernania $3.50, 900 by the M0sel, and SsoO,OOO
by the City OF Chester. a total OF T2,oOOOOo' Oh
which 81. $50 900 was gold coin. The specie ship
ment for the week was Si4ls, 1913 mostly gold coin
The gold sales were at 117ls8117 until after
o'clock when they declined to 1167sGll7 on
moderate business, the extreme range for the week
having been llGl4G117ll Other than the above
there were no influences affecting the premium Tn
gold loans the rates until Monday were :, IL
and l., cent, some traNSlcJOnS bcIne ItpDit'u
where neither borrower nor lender paid interest The
Assistant Treasurer redeemed 81 ,059000 in called
bonds. making a total for the week Of %3,c3O'OOo
The weekly disbursements of coin interest footed
ND S1jl. 900, Of which $4,000 were to-day. The
import entries of foreign dry goods at the port OF
New-York flrthe week ending tom ht We're 81 y
800 tho amount thrown upon the market footing
M 81 33692H. and of general merchandise to
%4.629 7OS, making a total in gold coin valuation
of -. 9Ol .6O7 The export cearanccs of domestic
produce from this port for the week ending Tuesday
June were TO the currency valuation of hos Ooh
The specie movement is given elsewhere The day ;
business at the Gold Exchange Bank covered: Gold
cleared, 500, 593 ,OOO gold balances, $1,352,744;
currency balances. go O63, j3S. The principal gold
quotations follows:
1899 9e91II7s IdS SSll77 go 5So..Ii7
il.OO..II7ls I2.5O-... HIS 2OO...--ll7
The days business at the L. S. Sub-Treasury COM
prsed Gold receipts S24O,952 90 gold payments,
81. 5s6.323 20; gold balance, $5099l,672 ID;
currency receipts $3.50, 593 So currency payments,
S7j7, 10 80; currency balance, $47, 449,O42 80 !;
Customs, S22OO00.
The Treasury balances Mt the close of business to-
day were Currency, $3.50, 900; coin, $o3,9OO,-
600: less coin certificates, $40, 100000.
The following are the closing quotations OF for
o;s
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07
Total sales for the week

At the opening of the Stock Exchange this morn
ing the market took good send-off at prices gene
rally fractonaly higher than the final ones of yes
terday but the good feeling lasted but moment,
for prices Immediately began TO droOp, and con-
timed to do 80 until brought under the influence of
renewed reports of probable end to the railroad
war; which at first given out very cOnfdentially
but gained general currency as well as general
belief This stimulated the remaining shorts into
covering, which. aided by some buying for long ac-
count by prominent Spectator and his followers,
impaired unusual strength to the final tradings.
Western Union was however, conspicuous for it's
strength all day, while Lake Shore had sold from
62l4, its opening down to $685. and was persistently
heavy at the price, when overtaken by the report
referred too was also afterwards aided in its upward
movements by the starting of the reports con-
corning the COmmodOres purchases. which were so
prev alent when the price OF the stock was 72s0 H.
The transactions in Erie stock continues TO grow
beautifully less" and holders are now anxious TO
turn il at per cent for so days. instead of refusing
Der cent for the same option as was the
case one week ago. Pacific Mail, after a
decline of Ia per cent from Its opening,
recovered its loss with the general advance of the
railway list but why it should have done so we will
not attempt 10 explain. The total sales for the day
amounted to OBJ 900 shares of which 40 400 shares
were Western Union at 760 75ls G7Gl2 a gain from
Friday night of - pen ccnt' 4 and 7. Telegraph
800 aAares, at 23l4 as =, g decline % = PER cent;
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

stocks. The bids were az follows:


Business i'll railroad bonds was not specially inn
portant but prices were about steady. Chicago and
Northwestern gold consols sold up y per cent to
% Chicago and Alton frsts sold at lib; thirds Of
Erie at 9l90412 and Rocl, Island sevens at lllli
oil. The Pacifcs were easier, Centrals selling at
1OiGlO37s Union frsts at 103 ditto Land Grants
at OILS and Sinking Funds at 920917s. Pacific of
Missouri fr,ts sold at o. and seconds of Toledo and
Wabash at $50 0j7. The bids az follows
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

The following shows the exports exclusive of spe-
ce) from the port of NewYork to foreign ports for
the week ending June l, and since the beginning of
the year: $500 800.
For the week....... g. 1896 i42 e515Sl71 A.2osO6+
Previously reported 3-s636 ll26sOsV2 sooO2332
Price Of gold - lis 1l2 1858
The following shows the imports OF dry goods and
general merchandise at the port of New-York for
the week ending June 4, and since the beginning of
the year:
For ne Wask. 1873. 1871. ls55.
Dry Goods........ s9sG.S23 sl,326.609 sl,91tse9
General ere aandiso B.395.40s 6.03s,f29 462o 7Vs
Total for the week sa3s223l ss.28533s 81, 00l eO7
Previously reported ls6260j19 17e.7O6s9O l52S3sss
Total since Jan l. sis2si2slO sls6,97222s siSs,slss5
The following are the dry goods imports included
in the above for the same period:
rur sSs a. ,ns I BORT lssssas sssstce s.se
thrown on market. l947,7ss I.2Ss.529 l,3S6,ssA
Entered at The port ssas4334o s50sss57l s5l3lass3
Thrown market. 81 2460Ol o3,732OoJ o2.ASi7J
The exports of specie for the week ending June 8,
and since the beginning Of the year. were AZ fol
lowsi
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

The course of the money market at the close of the
week was marked by extreme ease, the call loans
having been done at 2a3 per cent, while prime mer-
camille paper sold readily at 3l2G5. Currency con-
Times TO accumulate here in large quantities. hence
the low rate of call loans. The following is the
clearinghouse statement: Currency exchanges,
Ss7. 9O1, ALB currency balances, SO, 500; gold
exchanges So 2s3, 500; gold balances 81 ,02s6
The following are the total clearings and resulting
balances for the week:
Curry cearngs 1892 022 1874 Gd cearnGs. $50 o7o q
Curry balances. 2l,ll23ls Gold balances 1IivJi .
Washington dispatches report that the Treasury
holds 1915 $40 900 in bonds TO secure National bank
circulation and SO, 100000 TO secure public de-
posits: National bank circulation outstanding,
$3.50 $50 900, of which -, 100000 are gold notes
National bank notes received to-day, S95O,O0O ;
total receipts for week, S5,400,0O0; Customs re-
ceipts to-day, 800 900: Revenue receipts to-day,
800 600: total for month 10 date, 81, 100000. The
shipments of legal tenders and fractional currency
for the week were 81, 100000. The bank statement
for the week evidences the protracted ease In money
and Judging from the persistent accumulation OF
funds here indicated in the large increase OF legal
tenders a continuance is probable. The specie aver
age is down consequence of the coin outgo abroad
but the other variations are nominal. The move
ment of the week eventuated in net gain 10 the
banks of 1898, 700, they now holding In lawful
money in excess of the % per cent required by law
Sl6931,475. The following table shows the eondi-
ton of the NewYork City banks at the dates under
mentioned
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

Treasury of their Seadiness to take the entire re-
maInder of the 5 DIT cents upon which they now
hold an option. having stimulated prices, which, at
the close. are about the highest Of the week. We
Iataa
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

above legal .. go So
qureme1ts.. lbD5.,II0 .lhJ3i'aio INC ZJs' loV
L1ans......... 2sl396.tOO 2sl,40l,lO0 Inc s,3OO
Government bonds have been strong on
a moderate active business, a good demand
from home buyers the advance in gold,
e.' the erowiTg heL-f that the Rothschild-
S,Il.n.n col...a.ion vii shortly notify tho
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07

State bonds Were quiet. small lot Of District of
Columbia 365s sold at H. and some Virginia deferred
Is at ssi There was q small sale of April and De-
tOber South Carolinas at 33i2. The belief that eff
forts in progress to pay the July interest the
Tennessee State debt kept those bonds firm, but
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07
&35.s79.Os7
total since Jan. ]

The following is a comparative statement OF tbs
exports of specie from the port of New-York TO
foreign ports since Jan to this date for period Of
New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1875-06-07
Jersey Bag Meal IL steady we quote Fine White = 30
80. "a Eaaf NJ 4ugS1


Totals ............ $50 52l l7lO4I8 257g 93g
FREIGHrS-For berth there is steady market with
demand. In the charterng line there l. n I'M
for petroleum tonnage with but little dong IN
gram tonnage bat with excessive supply OF all kinis IA
quite strong Tie engagements include To London ~
sail bush Grain AT sl2G9d. ro glasgow, by steam.
92d To Liverpool By steam. 100 hds lOhac
ass Grain n0mnally Sac I'd visions OIL Gtos
The charters Bremen bark, hence 10
Bremen. with bbls Refined Petroleum AZ a.: III
bark. hence % Dantzc with 200 bhS do al )s
June % Norwegian brig hence Ia the Baltic Win
1900 bills do rate Norwegian bark from Phiael
bark Philadelphia Antwerp, 5.7Oo bits
4d clearance July italian bark hence 10 Gibraltar Tor
orders with $50 bbls and 500 do al Is I'D for ts
former and - NC latter Adriatc l.. adi-
tona bbs and Sc for British bark red hencs
for orders with 1900 qrs grain al Is an Italian
British ship hence 20 London, with 900 OiS m laAe, N
Italian bark hence 20 Belfast with 1000
another hence ~ Cork for orders with 5000 qrs
private tems, American bark Dsntzc with
az 35s ton on Talow British ship hrncc -
with 500 bbs Refined Petroleum al L. 3D. July
10 clearance
GRAIN-This day week left Wheat market very
receipts then hand VIA
Cana then, with liberal arrivals IN
favorable aiyices from Europe, marked decline has ben
and their been but little speculative fns
crop and North West coupled WIN 10
reports from California and Europe generally
the timely North West have changed tbs
ind many FARMERS thst wr"
disposed 10 soil their old wheat are now onein la
freely and IN most localities have dec IA CERTAIN
localities the Winter Wheat by st AMI dfoin
but this b. ncutIaiLd IN som. msfs
by the increase IN the ACREAGE Inc teP"ls" tour m
ssoufl from Tho grsshoDpeG ana
tho % be greatly magnined Indeed was an
mmen 80 mum the wonder Is that ntsh
Gent nsrsons have H. The ussa
st mentioned certainly Tar mrre encoufrins.
se ~ me injury from serious rsat
inIiens ohio and Michigan. lnr from hentuchy.
Toapvsses End AsAaasAs Tie gesS.ts 49, u-is'ofAoA~
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-04-19
Ifie' Seol Weather and its, HaEecas,-
|! DrOHneG-RIre. dc.

Especial telegram soAthe Dlspatchl,
PoRTssasrTH, VA, April T.-There was
sudden and severe change in the tenpera-
su1e last night, and this morning it was as
certainedthat frost had ripped the early veg.
etabhs' to a'nsournfal extent. From an di.
rectionsof' the trucking region came tidings
or woe. The tomatoes and cu0m bers we're
all killed, audsthe Strawberries, potatoes, and
peas were more or less hurt. Mr. a1Johr,T.
Grishh. in Western Branchs tow nship, ibst
twenty-five 'thoWsand tomato plants, besides.
otheestuff. The potato.patcaes looked very
badly scorcbed in every direction. It is:
'thousAt' the fruit was not n1uch DANA god !,
unless 1t might be the pears. To-day was
very cool alt day, and the trresers that we
conversed With ore very appgebensive Of
further disaster froD frost tonight. A heavy
frost ut this time you'd ruin TIE fruit an L
truck prospects. for the Year, asd be a los.
to the farmers Of this section os at least .,
million OF dollars. 49, '''"''
Marks Banks and Henry Banks, oyster
men, were drowned in squall last night ir;s
the lower harbor. ''.'l = 2''
Nottoway saw-inills, on, the Seaboard and
Roanoke nilroad, were totally destroyed by
fire last night. Loss, $4,000, and no insu-
raDce. Origin of the IRE unknown. . ..'
The Redsmp.orist Fathers commence a
mission at St. Mary's churca Tomorrow.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-04-19

A CARD Editors Dispatch,-Having hearai II
said ,ba, a card which appeared in the advertising
columns of The DSpatcA few days ago recon,
mending Mr.. John Z. Cammack TO The voters oil
Louisa for the Office of County and Cireue Cour
clerk was written by interested parties, desire q
saw that the card was semi through me, and was 1so
written by any Interested parties or pdrt3 ana lst
person or persons who thus states utfers kstse
hood Mr.. Cammack knew noihhg oA II uhla nc
saw 1t In pyfnt, and 1t was written ~ person ue
i,,p to see him lhe next clerk or County an,a CIR
emf, Courts. caa readily see how and tchY and b!
what uarties such a1hing WIS stated and des ir
20 frustrute the Intention By saying the shove, be
sides tleemins sach statement mt only Cue to Ms
Cau,nack, but to myself, through whnn The car
49,. s.rt W.M. BICKE.AS.
Ioufsa Courthouse, April 17.1s75,
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-04-19
LOCAL MATTERS.

The HEBREW PASSOVER FBsTIvAL.--Tbs
evening ut sunset the Hebrew Passover festS
val Will begin, and continue for eight days
Ihe festival commentaries, the emancipation
OF the Children Of Israel from Egyptian
slavery, and their subsequent organization
as free and independent nation.
The festival Is inaugnrated with great Ger
emony in the Hebrew households. After
returning from the synagogue on the eve OF
The festival Passover supper aud rttiuion
IS held, during which prayers having especial
reference 10 this festival are recited and
hymns are sung. The pater .famtlias pre-
sides at the festive board, aud in front OF
him is the Passover ,bread,", the bitter herb,
and the other appointments for the occasion.
Goblets filled with wine are the great fea.
| ture of the Passover supper, and at different
| times during the evening, after blessings are
offered for the wine, tue beverage is required
to be partaken of. In orthodox families The
pate7 Jdmilids is often attired in white
shroud, with travelling staff in' his hand,
to revive in the younger members Of the
family the recollection ofthe haste IN which
| the Hebrews travelled out of Egypt, and to
impress them with the truth that "we are
but sojourners on this planet" The first
and last days OF the festivals arc general hol.
idayS, the intervening days bting but bali
holidays, daring which all manner Of work
can be performed. r.. ... --..''..'. ~
On the first day, in addition to the usual
thanksgiving prayers and jubilaRt hymns,
the Deity is invoked to grant prosperous
spring and summer season to oil mankind
that tSmine and pestilence shall devastate no
portion Of the world; that the earth may
bring forth its fruit 10 season; that peace
and plenty shall pervade every part Of the
universe, and that the time may soon be
reached "when the swords shall be turned
into plowsbares, that one nation may not
wage war against another, and all men shall
be us brothers" At most of the Hebrew
festivals the Passover has tWofoId signifi.
cance- an agricultural and politcil, or spir.
itual. The month Of Nlsan, or month OF
Abb, being the spring month, was hailed by
the Hebrews, who, while in Palestine, were
an agricultural nation, and followed most OF
the manners Of the people among whom They
lived. Ii was looked upon rs the month
| when the products Of the earth were collect.
cd and garnercd amidst general rejoicings.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-04-19

DoSALpSoN'S PLANS.-The Pail Mall Ga
zeHG OF april has the following: An
American baloonist, hy name Mr.. Donald-
| son, has Informed the Societc d AeroStation,
/ Of Paris, that within three or tour months
| be intends crossing the Atlantic from the
United States TO Europe in balloon measur-
| ing 10000 cubic meters. Mr.. Donalou is
convinced that there exists a constant cu;-
rent Of air in the upper Strata Of the terres-
| trial atmosphere setting at that season from
| west to east. He is undeterred by pre-
yious failures, and has provided hiu-
self with cans of Liebig's meat ex-
tract, life.belts, blue lights and rock
cts. carrier.pigeons, bottles to contain
floating messages, astronomical instruments
and flags, by means Of which be can signal
to vessels near which he may pass. He will
probably travel alone, for the sake OF light
ness and the ballast in the balloon car will
principally consist of shre-pots' OF Mr. Do
| naidson's own invention, which are said to
| be tin cylinders containing chemical sub
stance which becomes intiammable instan.
taneously upon contact with water, ana
emit> a brilliant and ioug.asting fame. AS
Mr. Donaldson is borne rapidly along east.
ward he will drop these tire-pots into the
SCI every ten minutes, so at night the
| WnOic DoTiLon, He eApeclS, VIII pe Huiui.
mated, and he will leave fiery track behind
| him on the Atlantic. The scheme sounds all
| the more big one as the recent voyage of
| the Zenith balloon from Paris to the neigh
borhood of Bordeaux is the longest on re-
cord, and only occupied some sixteen hours.
| The baioonist Green, in all his fourteen voy-
ages, was never longer 10 the air THAI three
or four hours at time. Sixteen years ago
| the Geant balloon went up from the Champ
de Mars and descended in Hanover after six
hours sailing. subsequently MN. Fam
| marion and Goddard travelled from Paris to
Prussia in eleven hours. Several slnllar trips
have since been made. However. Mr.. d.
madison hopes to be in the air 'not longer
than Il week." ..-. -''.
The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-04-19

other similar improvements 10 various parts
OF the country. We think their mere pre-.
sentation will strike the honest and iEqniring
mind a, once, and hope they will soon come
70 he properly considered by your people
without passion or prejudice.
The result am entirely willing to abide,
Knowing. as do. that the issue cannot be
adverse 10 their interests or to ours, which
are. in fact, denticalsin this question. We
have none iu all this matter except such as
are in common with that large portion of the
people Of your State among whom, or part
Of whom, the Richmond aud Danyilte com.
pany has expended largely and literally in
the construction Of the Piedmont road; in
aiding in the completion Of the Northwest
ern road; in aiding the construction of the
Airline road, and otherwise in perfecting
those leading highways through the State
upon the successful operation and develop
ment of which so largely depends the pros
pcrty and contentment Of very numerous
portion OF your people and every important
industry Of the State.
am. very respectfully, your oocdlent SER
want, A. S. BuFoRD.