Sacramento daily record-union. [volume] (Sacramento [Calif.]) 1875-1891, 1880-11-18

the Coast of Wales
DOMESTIC NEWS.
Business eff the Cfcaring 9. house
Exchanges.
New YORK, November 17th.-To-morrow 5
Public will publish its usual weekly table,
from which the following comparisons of
business transactions this week with the cor
week of last year appear as shown
through the Clearinghouse exchanges ::
l. Philadelphia, 10 per cent; San
Francisco, 2; Syracuse. 697. All
others have gained as follows: New
York, 8; Boston, 16; Chicago, 80 6 /;
Cincinnati, 27.2; Baltimore, 15.9; ST.
Louis. 17,2; New Orleans, 1; Mil
waukee, 165; Pittsburg, Az; Louis
vile, 2l2; Providence, 1l.2; Kansas City,
So O.; Indianapolis. 49,; Cleveland, 222;
New Haven, 10 s; Lowell, GO. The Public
comments: We doubt whether the ex-
changes, exclusive of those arising from stock
transactions, ever were larger than they were
last week. The aggregate outside OF New
York has been exceiied twice during the
week ending November 9th, and in December
last, bnt not greatly. The aggregate i'll this
city, after deductipg for sales of stock, was
an increase of 26.7 per cent. Probably the
exchanges not caused by sales of stock never
were so large before within 0,000, 600. as
they were last week. The increase here was
partly due to heavy sales of grain. The
sales Of wheat amounted to Z, 517, 000 bushels,
of corn to 2,146,000 bushels, of oats
to I,O72,000 bushels. The dealings in
cotton were also large, but all these account
for but small part of the exchanges, which
clearly indicate that the volume of general
Outside this city, also, the exchanges show
an increase at almost every city, even in COM
parison with tie extraordinary activity of
November last, when the collapse of tower.
ing speculation was at hand. On the
whole the average Of prices with reference
to the relative importations of articles in
commerce is lower than it was year ago.
The increase in exchanges, therefore, indi-
Gates greater increase in tie quantities of
products sold, and the proportion of sales
effected last year of speculative character
was decidedly larger than it is now. The
volume of business is not only larger, there
fore, than it was at this time last year, but
altogether more healthy and safer in charac-
tainty in the stock and money markets at
this time, which may cause reaction for the
moment not unlike that which was seen
about this date in 1879. The important diff.
ference is that the merchandise markets are
less influenced by speculation, and even the
market for securities, though higher, appears
to be upon 8 more solid basis.
Comments on the California EIes item.
NEW YORK. November 17th.-Ths Times
says: The defeat in California of one of the
six Democratic candidates for Presidential
Electors illustrates very forcibly the folly of
the Democratic party, as well as the weak
ness of the electoral system. 1t is possible
that under certain contingencies the full vote
of tie State of California might be needed to
decide the national election in one way or
another. If this were the case, and one vote
should decide which of the two Presidential
candidates was elected, one can imagine how
severe would be the strain upon the for
bearance or the people who must zee
their will thwarted by the unpopu-
larity Of candidate for Presidential
Elector Under the laws of some States
Terry would forever be debarred from
holding any Office in the gift Of the citizens.
But California Bourbons, arrogantly disre.
garding the sentiments of the people, forced
rebuke which is most signal and emphatic
The Tribune says Hancock carried Cali
fornia by from 81 to 143 plurality, and Gar
field carried it by 507 plurality. Hancock
gets five electoral votes and Garfield one.
The Democratic newspapers which regarded
it as lamentable defect Of the electoral sys-
tenn that those citizens of California who pre-
ferred to vote for only five Hancock electors
were able to do il, are respectfully requested
to wall little over this latest defect, whereby
State can be carried by two candidates, and
that the one who receives q much smaller ma.
jority can get nearly all the electoral votes.
Reported Railroad Consolidation.
CHICAGO, November 16tb.-A Times Wash
ington special says: Justice Miller has re-
stored the Missouri, Kansas and Texas road
to the stockholders This decision is impor-
tant, in connection with grand scheme Of
railroad consolidation extension already
partly arranged by parties controlling the
line of railroad named. The Missouri,
Kansas and Texas road extends from Kansas
City ard ST. Louis through Indian Territory
to Dennison, Texas, at which point it has
connections to Austin, San Antonio and
Galveston, on the Cult of Mexico. Neces.
sary arrangements have been partly made 10
consolidate with the Missouri, Kansas and
Texas. the Missouri Pacific, Texas Pacific
and the various branches of feeders, which
would carry the consolidated line to the Gulf
of Mexico and Rio Grande on tie south, and
the Pacific ocean on the west, and to con-
tinue the line to the city of Mexico. This is
jaw Gould's scheme, and its successful &C.
complis hment would include in the combina-
bination the Wabash system, connecting
the Kansas and Texas line at Kan
sas City and st. Louis with the
lakes and with the northwestern States and
Territories by means of the Union Pacific
com bination. 1t is understood that the main
object of the pending efforts to consolidate
the Central Pacific with the Union Pacific is
to bring the control into this grand combina-
ton, and thus practically control the rail-
ways of the entire continent west of the
Mississippi and south to the very heart of
Mexico Another part of the plan is to make
General Grant President of the consolidated
company, because it is believed Grant would
be able to secure from the Government of
Mexico every concession necessary to extend
the road in the States of that country. Jay
Gould and the parties managing this scheme
have been working at it for some time, Thos.
a. Scott being now in Texas to further the
enterprise. The charter Acts and various
laws of Congress relating to Pacific railroads
have been carefully examined, and the Rail-
road Bureau of the Interior Department has
been consulted, and it has been ascertained
that there is nothing in the lava to prevent
the contemplated consolidation.
THE ABOVE coNTRApIcrED.
NEW York, November 17sh.-The Com.
1,ercidi this evening says: q. p. Marasini,
of JAY Gould's cfice, said to a Commercial
reporter that there was not even shadow of
truth in the report of railroad consolida.
ton with Grant at the head At the Office
of Sidney Dillon the reporter was author
lied to state that the report had not the
slightest justification in fact. The officials
OF the Missouri, Kansas and Texas Railroad
Company said that it was intended to con-
tinue the line into Mexico, but SO far as any
of any Pacific lines is con-
cerned there is 40 ground for the report in
any shape of q connection with that road.
One of the officials of the Wabash, st. Louis
and Pacific Railroad Companies said that
whatever consolidation schemes there might
be in the future nothing at the present time
justified the coloring to the report as pub
Iished this morning.
Sensation as Chicaso-Upper Tendon
Shaken Up.
CHICAGO, November 17th.-Lecna Dare,
otherwise known as Bridget Mccarthy, who
was prominent gymnast and ti2ht-rope per-
former in this country some years ago, but
who has been missed since 1876, has appeared
here suddenly in new role as the wife of a
ror,ad Cr-ao Dar-. 81