, 1877-02-22
How One Chicago Capitalist Blufed
New York rowd-..Bank Hol-
iday To-Day.
Tue Produce Markets More Active and
Very Observation-Disclosures De-
ciledly Stronger.
Breadstuifs weak*--Rar1sy Very Heavy
-..Wheat C1oses Steadier.
Extensive Calls for Marginal Refer
ences 1.-Two or Three Failures
in Pork and Lard,


ons. There Ia not much new paper being made In
any quarter. Mercantile business Is 1uiet as II ID
ordinarily At this time Of year. This state Of
affairs on the board Of Trade has no effect an The
banks, except that It swclls tLc dtposlts Of mar.
gins. The loanablc finds on hand arc more Than
abundant to meet all demands. but there Is no
anxiety 10 increase discount ltnes
rates Of discount wcsc 500 per cent 1t Tho
bapks TO regular cuhlomers. On tho street, Ealcs
arc per cent and upwards.
New York exchange was sold between banks at
50Q25e per 81, 600 tliaconnt
The elearincs Hcre 81, 600, 900.
CHICAGO DAVID AND 4 NEW YORK GOLIATH.
A good ftory IL going tho rounds at the expensc
bf the New York capitalists who came ont hero 10
buy the Danv'e Road at Tho recent foreclosure sale
In this city. Thts combination, including the
President OF ono OF the hcavy New York Tint
Companies, owned most Of the 6rat mortgage bonds
Of the road, but there was smzll block held bya
member Of Chicago packtng6rm that traneactsA a
quiet but very extensive business, mot the one
however, credited with the present "squcczc" on
the Board Of Trade, The New York combination
wanted to buy these bonds. The Chicago holder.
who had bought them at40, Unlisted on getting
o.. This tho Now Yorkcrs would not gire.
All negotiations, although they wcre continued u0
10 the day Of tho foreclosure sale, failed to bring
tho parties to bargain, and the New Workers. final.
~ made mp thc!r minds to let this obstinate
lontfhoder take care Of himactf nnA 10 60 ahead
and bid in ihe road. The bidding began, a. nsual.
st . low agutc. After q lttiIo competition. tho
New Workers we're reaching out thett tande 10 rake
IN the road for 81, 800, 600, when tho harmony of
ihe oeeaaton was o'stntoea ~ aa1ct nd run Inc
Chicago poniholier Of 81 400, 600 gold. Tho New
workers. Teee tnanaefstrneHt hnl Tue eh1caEoah
sT'uentlJ meant all he tatd snd moro TOO. Theee'
was hurried consultatlon' wleh ended IN tns sac
ny the thlcaeo holder 0! n9s bonus ~ h's own
us"ie. 1nc '"oa WAS inch pouEn1 "a " lno ~"
lo'hers' lhese Sshtenicn e"u'o "o' le'!a'" !.oh ~
expressing thelf fston'enmeh. 70 banker Of th's
ths ,ha9 lineage paSlu soa,a nase neea ''ahh 10
nsn" up aRa'nhs = ~" tolA ''oi'a'u' "nu Meso WITT
lnionhco &hs' mo 1aie1 sheago PACKER was 1a!lJ
1o'e 10 pto'sel a's ola' 10 ne 'ep.eae"'ea eapN'
- "e' 'e'e '""" e'4"' Ut "'1'o n'o"A " oos'A's'
SILVER M1aiAo IN SAAssAcHusEF15'
Thr hert'ack Silver Mining Company OF Mas
'aehasctts IL no" opened Tor w"fk'ns production
p1 1wo years. ifof. s'hton. III eolnmh'a
Lo'esf, 1cport7 atooo 'ous oI o1e III s'sos.
I've company nave otu'ooo worm OF
ore s"a'cFl on 'no e"t'Ace. fNe H'nh'hl!
aNlaenhs OF pes cent nave neen pa'a' tn'f'y'
e'eht Wosemeh arc emp,oJea. ihc one Proauees
W per eent OF leaa 10 sne ION, anu ~ ounces Of
s"sef. ne capl'a. s''ov, WV n s4os0ase'' anu
"1u"'e" a. '"*as"@ ~. ahso. NJ r. ns m,n''G pFot'
'ar eoh'ra"' SA4o' WV aao *lo'' WV hA'e
pcen tpe''s !" rl'n', ~
IHs hosASzA MINES
rue nf''eiai tcn9Fte u Tue company Indicate tlht
"N!u'hn+ WI NJ leehsac" W tohenHaa1eA NF'
e'h'a w'hlH TWO hion'h.. Iho aa.'y psoanet OF
'nt prcsc"' % ,'.i1 t.",e" a. :"' tons. ",eh
~ luz . "'tlaso 1"'a " SAW Pes ,"''' "u"'u W