Page 1 of 16 May 1878 Issue of Chicago Commercial Advertiser in Chicago, Illinois

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Chicago Commercial Advertiser (Newspaper) - May 16, 1878, Chicago, Illinois She commercial St Gertiser. Volume x. Chicago thursday May 16, 1878. Number 18. Attorneys and Patent solicitors. Pit its Trade Marks designs interferences infringements. S. W. A1tdersoxt a co., attorneys amp solicitors in the United states Patent office no. 637 f Street Washington d. C. Counselor at Law u. S. Supreme amp circuit courts. Patents obtained on most favourable terms. Preliminary examination and advice free. No tee charges unless successful. Pamphlets of information for inventors and others interested in patents sent free on application. Feathers and pillows. Chaa. Emmerich amp co., wholesale dealers of feathers amp pillows 287 amp 289 East Madison Street Chicago. We carry at All times the largest Stock in the West and Are the Only Hogue in Chicago making a specially of feathers. Orders from the Trade solicited Ana filled on a favourable terms and at As Low prices As Are Given by any other House in the West surgical instruments. 9. P. Sharp a attest or to Blum a Sharp. H. D. Smith late manager i nit. Departing list a Torrey. Sarge Sharp be Smith instruments ones elastic tug links. Peters elastic tag links for harness. The commercial and vetoed. The leading commercial journal of the Wert. Pub shed Kef it thursday a at 164 Randolph Street Chicago Iii. O. S. Burch. Publisher. Subscription rates. In the United states$3 of in Canada and the British provinces 3-25 in great Britain and British West indies. 4 of payable in Advance. Advertises rates. One Square i month 800 one Square 8 months.20 of one Square 6 months. 30 of one Square i year. 52 to business notices in Reading columns 50 cents per line. Address c. S. Burch publisher Isa Randolph Street Chicago. Serious our new York letter. No. I. Cut no. I shows a link reduced to one third the regular size. The Eye can he fastened to the whiff tree and the Trace attached to the Hook or vice versa. Physician s. Goods. A Venus a a kits rom wee. Gatteana a cons celebrated surgical is at Ament sad Jerome Kidder a batteries. and iwo stirs of All kinds of surgeon s instruments Sud appliances for Tbs mechanical treatment of All deformities Debili ties and Derici Knees of Tho unman Frame. Artificial arms and legs galvanic batteries far adic. Bat Hies electrodes Bow leg braces a spine braces club foot shoes Saddle bags Medicine chests crutches a teat and band atomizers grasses elastic stockings elastic bandages shoulder braces abdominal supporters splints anatomical models skulls Bubber bed sore cushions Bubber hot water bottles rubber pillows rubber chair cushions Bubber urinals skeletons syringes. Kinds Ste. Too Randolph its Between Clark and Dearborn Chicago. In Strum eats Sud batteries Bellaire no. A. Cut no. 2 exposed the double spiral steel Spring enclosed by the link which being compressed by the horse in starting gives elasticity to what is ordinarily a dead pull preventing the severe Strain so injurious to him. Aud while travelling on rough and uneven roads or in Case of obstructions in the Way the tension of the Spring greatly relieves him from the shocks and jars to which he is constantly subjected. Agents w anted in every City town and county to whom Liberal inducements will be offered. Bend for illustrated circular and Price list. Newton Lull sole manufacturer office iss Jackson-St.,grand Pacific hotel Chicago. Hydraulic engines. Smith in a Patent direct acting Hydraulic engines life insurance. The Pacific Mutual life insurance co of taxi fornia. Assets Gold Coin value $1,338,093.811 surplus Gold the particular attention of persons desiring insurance upon their lives is called to the tontine endowment policy Mutual life i surant elements of Protection and investment at the Ordinary of the Pacific Mutual life insurance company combining As it does in a remarkable degree Tho elements of Protection and investment at the Ordinary Hie rates of premiums with Are Quant need and the full amount of the policy payable at any time in Case of death. Ii in rates of premiums with an endowment. A a a a a a at any time in ease of death. No More at Tractive policy Hab Ever been presented to Tho insuring Public. This company also issues the Mutual investment policy wherein a definite Cash surrender value and the minimum of dividends and paid up insurance is named and becomes a part of Tho contract. Policies Are exempt from taxation and the claims of creditors and impose no restrictions non residence or travel. A a. This company invests its Money at a higher Bate of itt Ebest than is realized by any other life insurance company in the world. Active energetic and reliable agents wanted in every state of the Union. Special inducements offered. _ _ is. W. Chamber . Manager for the Northwestern and Middle states no. 188 Lasalle-St., Chicago Iii. Hoisting machines. Hoisting machinery exclusively. Water engines. Hydraulic steam and hand Power elevators. A. Xiv 83 to 89 Illinois St., Chicago. To sail far of Rozular and letter copying Book. Agents wanted to sell Mcdonald a Johnson a Stylo graph or rapid letter copying Book. By which letters Are written and copied at same time without the use of pen Ink Pencil press Brush or water saving the time labor and expense of All other methods of copying letters and documents. Several copies can be made at one writing. Sells at sight. Pays to handle it. Send for circular to the manufacturers Mcdonald it Johnson Blank Book makers 158 and Ico Qlark-St., Chicago. Patents. Patent solicitors l. B. Coupland so co. Solicitors of american and foreign patents to Lasalle-St., Chicago i. Caveats Trade Marks labels and copyrights. Patents can be procured through our Agency for All countries where patents Are granted. All business confidential. Promptness and satisfaction guaranteed. Charges moderate. Address for particulars. Printing presses. Do your Durn printing. I., instructive profit i Chico no. Quot Able and fascinating. A few dollars buy a press and Type for printing cards labels envelopes a. Save Money and a increase business by advertising. A the leading Amateur presses in Stock prices from $2.15to$125.q0. _ sold at manufacturers prices also a full line of Plain and fancy cards paper Etc. Bend for illustrated circular s. Creswell Wanner amp co. Type foundry 172 amp 174 Clark St. Chicago. Towsend so stamp for our Large catalogue of aflbestpres8es/r2pej0tojj Toi it it Iii pattern manufactory. The Eagle pattern manufactory we. H. Whyte manufacturer of patterns for rolling Mill machinery gearing steam engines stoves and a kinds of other machinery at the lowest possible prices. Rolling Mill machinery and gearing a specially. Mechanical drawings made and estimates Given for Tho work. Orders by Runau or Telegraph promptly attended to. We. Ii. Whyte nos. Al to 55 s. .leftvrson-St., Chicago founders and machini81 s. Piron i pipe steam pumps brass and Iron goods a. Manufactured by Crane Bros. Mfg. Go., to n. Jefferson St. Gearing gearing. Having at great expense provided the most Complete apparatus in this country with perfect dividing wheels up to 16 feet diameter. We Are prepared to furnish machine moulded Mill gearing As accurate As Cut gearing Ano More durable in use the above Cut represents engine for running Coffee Mius and other Light machinery. These engines have no equal in the Market for Economy in running elevators hoisting machines Coffee Mills printing presses ice Cream freezers sewing machines and All Light machinery they require no fuel make no litter require no Engineer they Are ready for use at All hours Day or night Are not liable to get out of order. They furnish the same Power very much cheaper than steam or hand Power and when not running no expense is incurred. Parties contemplating using water Power for Elc Yator purposes will consult their own interests by calling on or addressing we. Smith onion foundry works Cor. 16th and Dearborn Straits Chicago. Ill. North Western 2 3ft 5 my horse nails. Ii finished Quot horse nails. Our nails Are forged Mot from a Rod by blows on the top and hides on precisely the same principle that a Nail is made by hand. The Fibre is not broken and crystallized by cold rolling but is rendered More firm and compact by hammering. We guarantee every Nail under our Brand. horse it ail co., Chicago. Glassware Lamph chandeliers Eto. Fruit i i h 3 is a a i Quot a of i j ii j i i in i if re by m jars. Mason porcelain and. Otalor popular Stylos Jelly tumblers and can wan. Anticipating a Large fruit crop tee have made arrangements to ship direct from Here or from factory in oar Load lots or in smaller quantities on Short notice at Lorn vet Marie t prices George Bosker it amp co., lamps chandeliers glassware Etc., 33 amp 35 Wabash-ave., Chicago. Annual meetings of the Petroleum Exchange and the american silk Assoria Tiona frauds on the Revenue the exodus to Europe the Erie railway a waste in the Brooklyn Navy Yard terminal facilities weekly list of bankruptcies a Money matters fire statistics heavy receipts and exports of Grain Etc. New York May 13. Editor commercial advertiser several important meetings of commercial organizations have been held in this City dining the past week. The annual meeting of the Petroleum Exchange was held on the 7th, or. We. J. Ives the president in the chair. This institution was organized last april with an Active membership of fifty and since that time its Prosperity has been assured through its Agency the volume of business in crude Oil pipe line certificates especially has been largely increased Over that of previous years and the reported sales of the present year which comprise a part Only of the actual transactions aggregate Over 5,000,000 barrels. The knowledge that Petroleum can be bought and sold like stocks or Gold and with no greater risks says the annual report is rapidly becoming general and cannot fail to give an impetus to Trade. The Exchange has Given facilities to members of the Trade which they would not now forego and its continued existence is one of the necessities of the Petroleum business. At a meeting of the silk association of America on the 8th, the value of products manufactured during the year was shown to aggregate $21,411,436. The value of reeled silk consumed was $8,456,431, and of spun silk $850,000. Besides this there was consumed in sewing silk and twist 453,253 pounds valued at $4,475,958, making the total value of material consumed $12,105,095. The report further sets Forth that in common with other industries of the country silk manufacture has passed through a period of comparative inactivity and depression during the past year. Few of the Mills have been closed. During the present session of Congress further element of uncertainty has been introduced by the Prospect of legs lation upon the Tariff which has discouraged enterprises. The partial Success of the government in checking the extensive operations of silk smugglers and bringing them to Justice is alluded to in the report. Systematic undervaluation of foreign Market values has grown to such proportions under the and Valorme system As to Call loudly for an immediate remedy. The complaint comes up from american merchants in every importing City from Boston and Philadelphia from Chicago Cincinnati and Baltimore. It is not alone the legitimate importing business of new York merchants that has suffered loss it is a matter in which the mercantile interests of the whole country Are concerned. The Hope is indulged in that the adm Nistra Tion will compel an improvement in the Mode of collecting the Revenue and so elevate the standards of commercial honesty. The exodus to Europe continues very Large and the outgoing steamers Are filled to their utmost a parity. All the berths of the White Star line Are engaged up to the 20th of june and those of the French line for May and june. The Cunard steamers Are filled to the 5th of june and the Cabin lists of the steamers on the other lines Are unusually Large. The attraction at the Paris exposition is drawing away a numerous class of people who Are regular attendants at the theatres and under a pressure of unprofitable business therefore most of these establishments Are preparing to close up Cartier this season than usual. On the application of receiver Jewett of the Erie railway judge Donohue has granted an order confirming his accounts authorizing him to Transfer All the property to the new company continuing him As receiver to discharge his indebtedness As such and to defend and prosecute actions by and against him As receiver and discharging him in other respects. It is charged that there is an unwarranted and extravagant waste in connection with the Sale of condemned stores at the Brooklyn Navy said. It is said that Many of the articles Are condemned on the slightest pretence that boats Are doomed for the most Trilling defects and that saws Aud tools masts and rigging in fact everything connected with a ship Are sent to the waste storerooms for ridiculously groundless causes. The Navy department should speedily investigate these charges and Stop the leak. A Large number of Railroad and steamship men assembled on Board the White Star Steamer Germania to celebrate the completion of the Belt line Side track connecting the Central and Hudson roads with the steamship pier direct thus doing away with the drayman As intermediaries in the handling of Grain. The freight cars which formerly ran by the Dock on their Way to the freight depot in Hudson Street now go straight to the vessel at the pier. The ear Meh suffer seriously in consequence of this new arrangement but the City will be the gainer thereby. The voluntary bankruptcies during the week include Kieler Wormsen Kingsbury clothiers liabilities $126,000 Darius w. Geer wholesale boots and shoes liabilities $81,678, nominal assets $37,667 Alden Bienne Stock amp Loewin commission Wool dealers liabilities $85,-000, assets $2,000 Adolph Claussen sugar commission merchant liabilities $49,600, assets nominal Isaac Freidberg real estate liabilities $91,642, no assets George Koebler liabilities $22,500, no assets Molyneaux Bell publisher liabilities $102,000, nominal assets Heiter amp Gans umbrellas liabilities $217,000 Alfred l. Sewell banker and broker liabilities heavy Post it Spier jewellers liabilities $74,000 Robert Fellows jeweler liabilities $250,000, no assets Abner h. Angel manufacturer of Whiting liabilities $100,000, no assets. Joseph King has been adjudicated an i Volun Ary bankrupt on the petition of two creditors Elizabeth p. King $33,6#7, and John m. King $29,000. Thomas Rowe was adjudicated a bankrupt some three years ago and now a dividend is declared to his creditors amounting to eleven eighteenth of one per cent on the Dollar his liabilities amounted to $294,454.42. The failures to Day include. Jewell Harrison amp co., produce merchants liabilities $142,000 Riley a. Brick pipe manufacturer liabilities $80,000 Juan d. Miler commission merchant liabilities $78,000 claim r. Griggs Railroad sup plies liabilities $1,000,000 there is no important change in the Money Market to be noted. Those wanting Money readily command All they need provided they have satisfactory Security to offer for its payment on demand or according to contract. The Only parties who complain of a tight Money Market and clamor for More currency Are those who have Little or nothing to give for it. Good Security will command As much Money As any legitimate business operation is Likely to require. Call Loans to Good borrowers Are quoted at 4 j to 5-j per cent generally at the medium figure. There is an Active demand for prime commercial paper which is in Small Supply and rates Are 5 to 6 per cent strictly first class two name paper at 5 to 5� per cent strictly first class one name paper at 6j to 7j per cent Loans on government collateral at 4 to 5 per cent on first class Bonds and stocks at 6 per cent. During the first three months of the current year there were 444 fires in the City involving an estimated loss of $308,-605 on buildings and $694,535 on contents. The insurance on the former was $2,363,-116, and on the latter $2,902,285. The exports of wheat from this port alone during the past week reached the aggregate of 1,230,000 bushels while the transactions of the produce Exchange involved Over 1,300,000 bushels. The weeks exports of other Grain were 480,-995 bushels of Corn and 91, bushels of Oats besides Barley and Rye and 23,675 barrels of flour. The demand for wheat has materially reduced the Supply on the spot and prices accordingly Are firmer. Of Corn the sales on a change during the past week reached 1,600,000 bushels. As showing the magnitude of the Supply of Grain now at Luke and Seaboard ports East and West it May be stated that at the latest count it reached the enormous total of 22,013,853 bushels against 19,516,342 bushels at the same time last year. The receipts of Grain at this Point Are steadily increasing and during last week were no less than 1,710,000 bushels wheat 1,446,184 bushels Corn 370,243 bushels Oats 27,620 bushels Barley and 152,624 bushels Rye besides 83,486 barrels flour. Estimate however that one half of the 778,331 acres were purchased or entered for the purpose of immediate settlement or cultivation which would give 2,332 More new farms 160 acres each. There was also 21,058 acres entered upon the Sioux and Chippewa half Breed strip and 507,984 acres taken up under the lumber culture Law. Leaving these two latter items out of the calculation we have an aggregate of about 19,500 new farms commenced during the year. This Means 19,500 new Homes. In five years from now these 19,500 farms under Good management ought to produce annually some 20,000,000 bushels of wheat some 40,000,000 bushels of Corn and some 400,000 head of cattle or . Manhattan. New farms started within a year. Does any one know How Many new farms were opened in the state and their territories last year How Many new log Cabins have been built How Many acres of Virgin soil slowed up for the first time it is not probable that any one does know with exactness but there is a Little table in the report of the Secretary of the Interior presented to Congress some time ago which furnished the material for in approximately Correct answer to these questions during the year ending with june last there were taken up under the Home Stead Law 1,875,909 acres. Now land taken up under the Homestead Law is for actual cultivation and is generally taken in lots of 160 acres. It would appear therefore that More than 17,000 new farms were commenced last year under the Homestead Law alone. But this is not All. There were sold during the year 640,961 acres for Cash and 137,-640 acre s were allotted on military land warrants. It is no doubt True that a portion of these 778,331 acres were bought or entered by other than actual settlers by speculators or by persons who made investments of this nature for future purposes. It would be fair to imports of american Cottons. The fact that american Cotton goods have during the past three years been regularly imported into this country in Large quantities i it Well known to the Home Trade houses in Manchester who Are daily sending them out to retailers at prices which compare very favourably with those of English makes. Exporters to most foreign markets Are also aware that for some Lime past american Cali Coes shipped direct from the United states have seriously interfered with the Sale of English goods abroad. For some time it was supposed that this sudden expansion in the Export of american Cotton goods was simply the result of a temporary glut in the United states Home Market and that the overflow would soon cease. It appears however that it is increasing year by year. The following figures which we take from the new York commercial chronicle give the number of packages of american Cali Coes shipped from that port during each of the past five years packages. 187 3. 16,655 187 4. 21,255 187 5. 41.ccs 187 6. 74,vis 187 7.10-1,507 thus the Trade has grown nearly sevenfold within the Short period of four years. The value of the 104,507 packages shipped last year we estimate at .61,881,126. And when it is remembered that the exports from Boston san Francisco and other ports As Well As the Overland exports to Canada and Mexico have to be added it is evident that the English Cotton manufacturer has now to reckon with a very formidable competitor across the Atlantic. The chief countries to which the shipments from new York were sent last year Are great Britain. China the River plate Canada Hayti Africa Australia Venezuela Holland and Germany. The main reason for this sudden inc Reaf e in the foreign consumption of american Cotton goods is the Low prices at which they Are offered. This again is due to the very great reduction which american manufacturers have been Able to make in the Cost of production and especially in Trade journal. American locomotives for Russia. As illustrative of the rapidity by which the order received by an american Arm for forty locomotives for the russian government was executed the new York daily bulletin gives the following facts Tho government required one Hundred and Twenty five locomotives of which the americans received the building of forty. On december 15th, a Cable dispatch was received saying a go ahead a and As the award had been somewhat anticipated preparations were very soon made. Telegraphic orders were sent to various Iron works for steel and boiler plates and a Large extra Force of men was taken on increasing the number from 1300 to 2400. I three weeks from the time the contract had been ent red four boilers were completed and other work progressed with them. In the fourth week twelve More boilers were done in the fifth ten More in the sixth eleven and Tho last of the forty in seven weeks. The first engine was put under steam on the 5th of january and the last february the 9th. The first was finished on january the la or less than three weeks working time and the last on the 13th of february. During this time Twenty nine other locomotives were delivered to Twenty five different parties making sixty nine locomotives in fifty eight Days sundays and holidays included. Home idea of the closeness with which the contract had been figured May be gained from the fact that the company is not yet certain of a Clear profit. Twenty men have been sent oat with the engines to set them up Aud run them and the contract is not completed until the engines have run Long enough to satisfy the russian government engineers of their perfection. Always a a Hance. It is scarcely necessary to remind reasonable men that if they wish to be sad and sour to grumble and complain there is always a Chance. Reasons for being cast Down and dejected Are As plenty As blackberries in the height of Harvest. Of one things goes right you May be sure there is always something else going wrong Ulm it one thing is in order something else is out of joint or at any rate soon will be. The chief difference in the feelings Aud dispositions of people results from the different Way of looking at things. Few nights Are so dark that no stars Are to be seen the thing is to look them out Aud keep your eyes on them and make the most of what Light you can discover

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