Montreal herald and daily commercial gazette, 20 juin 1879, vendredi 20 juin 1879

[" ,T\"\u2019 ant.acoiTs.t° «*> USB, T.___ S« >n ] « co, \u2022ND, ot thi« fin^ lit UGH, dPerru^ 'ypwtatH, iSHlRl t ariSt>btm.'f, U.Z, /\u2019$ ^CT I EAT CHEAPES] 3URING SOUPS, V SAIICfS.f CK1T rn Liebig\u2019s SlfDs* s label.8 St TIS, &c., CIGARS, AND -LES, LLATIO», to 18s.of the Pitat okingr.6d.to 18».erywliere.tly a 148 \u2018 ITION.f/w«, wJiid à irmly grateful an Stomaeh.'' peration, lift benefits to It t of 45 years.netthcWorU.n imitatim.r 8\t22 6.UREAU.undred jists of irtising r lines Three News- t.AID.HF» (tbecnf r») »«»«f s per»»® /I l U ector.s.s sasi i.IBS « j|/(\t^ *'\t-,-rES San^>- ^ \u201e ST*** .V 9 days ont.P*.lct >'e* T°b«; 8 dava out.From LitJrpool, J\u2019ne 21 I\t*'\tr.iverpool, J ne I\t\u201c i iverpool> J\u2019ne 26 ^ >^rk i verpeol»J,ne2S ^ '' K ^ ailsgow, J\u2019ne 2\u2018 ' r ;verpooA, J\u2019ne \u2018ai8 ia .S»\u201c ClSKï'ïtg I\tGUseoiT' Ju'y 8 Q^ &ooi.Jujy 5 I ^Li»1\t¦ uebeo -v iTerpool, July \u2022> VT>\tQueb*2 [.iTerpool, Jnly 5 I\t> Yor^-'_ .\tJuly\t8 -^T.Quebw-yj^ool.inly 10 *%>».> *îrt\" LWeïpool July 12 .Quebec.\tjU;y\t12 g:;te:\"»July12 \u2014'\t^ôrûtrëolzane 19., All,cbœcnt bave been is- Jtt* o' [ ggwkeswortb, general 'H Freeman, general ¦ J^iical error in yesterday\u2019s >#1°° -City of London\u2019s \u201d -\tCardiff read \u201ctwenty froiu ,\tA™,* instead of ten days, \u2022^T\u2019 '\u201civork tiffing l'Ut says f-T« ** grange things connected f.^» »h freight business.One of ! ^^tbr!fcoets no more to send meats J^: l.o Liverpool than is charged I M(:bK ' ,htB from Chicago to New .irtnf^ '^^rLial Standard, of Pictou, -V* u le of tbe lands, machinery its*lie ** the Joggins Coal Mining Cumberland, under fore-urace.A number of com.the lands and material, »\u2018suCtion 0Bly $7,70°' 'Ihiwolarge boot and shoe factories, -i,h all running gear and applt-\u2018^Moneiov to the insolvent estate of \u2022\u2019Twoodlev, Quebec, were put up at Llay and adjudged to Joseph Sou for S1*\u2019600' The 8ale Wa8 fiver, final, there being a month ' .j.n which to comptete it.Ti.«roorts (exclusive of specie) from '.k for the week ended June 17, \u2022'\"l 215 above those of the previous \u2018T The following table enables com- ** t0 ^ made with the totals at ^fdine periods in prev'ous years : ^ponding pe\tr ms 1879 v ttSS'US $6,2-.2,7«0 $8,816,T5S l»®'*err«i\"llsW,l'91 152,185,284 138,82^438 mt.repc*1*11\u2019'_;__\u2014- T-.unn notes 1 4 C 14^ 1 OI j $123,795,264 118,433,028 145,144,191 Grind Trunk Railway returns of »ijc for the week ending 14th June, 1879, and with the corresponding week of ^owadeerease of $3,591.\t^ ^\"\u2019frdght.-^- $56,844 $57,006 fipnd livestock.91,972\t95,401 Tottl.$148,816 $152,407 -The first cargo of cattle, bred exclu-in this Province and shipped to the market, from Quebec, were for-fed by Mr.Gibb on the outward bound r-.kip \u201c Lake Champlain,\u201d on Hon-Mr.Couture, Government Quarân-l;\u2019i Veterinary Surgeon, reports them all .plendid cattle, ranging from 1,500 to 2,000 pdjjd,.Mr.Gibb will also ship 600 more tittle neit week, all of which were bred in Quête Province.BiNK CIRCULATION.itths meeting of the shareholders of tse Jacques Cartier Bank on Wednesday list, Mr.J.L.Beaudry put a question to lie President, which was answered in a ven vague and anything but satisfactoiy Banner.There ought to have been only ;n answer to such a question.To say iiul no utmecessan/ expense was incurred plncing the notes of the bank in ¦ nidation was simply to admit that «me expenditure was necessary to secure in issue to the extent desired by the direc* to, If banks cannot conduct their business without sacrificing money to enlarge liieir circulation they should wind up, be-cnnsefailure eventually must be the result ilenchan unbusiness like course is pur-ned.Me trust there is no other institu-fa in Canada practising this, not only etupid, but disastrous system of banking.FINAL CIAL.Since last week there has been no mar\u2014 id change in the financial situation.Win the past few days a number of the tass have held their annual meetings, \"ports of which have already appeared in \u2022r columns ; and though in most in-,;Mces the statements submitted to the beholders may be accepted as moder-,\"1-7 s>li8f»ctory considering the hard cies through which we have been pass-''v\u2019781 'bere '8 nothing in them to indi-U'e ,nJ ioeveased activity in business since ^ tune last year; but though there is no ! P of greater volume in their operations, 111! perhaps not to be regretted in the pre-!«t anceitam condition of affairs, for with °Pfrations it is easier to keep a u e^e over the interests of share-«and avoid contracting bad debts.?0 e we think we are justified in \u2022\t0 at m08t of the monetary institu- f arew a healthier condition, though d armn*s have necessarily been limit-00aac^ 6 nurnher of insolvencies cn-Ottarn f 6 *aSt \u2018S8lle8 of the Quebec and **HkuGaietteB\u2019 Wa3 Smaller in both (Mt.andlf*!111*'?.Seen for \u201cany months tiiij, fthl8 dl>nmution should con-antler- amay take lt as an indication that chants \u201e\u201e ?llng down anJ that mer-lat tlle weahest may be sup- i*\"- We shoii *y ljetter ihan m the *'fi>anxiety & ok the \u201cext few weeks aarteft offu S.h°?d We have a good proep^t «-a ti'0 tkere ^ at Present every \u2018\u201c\u201cfi I cant hlük tllere are brlShter days '\u201c'l ivith an l0a ¦?U8t ^ the watchword, shorts ay°l aQCe ra8^ 8Peculation l*les\u201cd jredUS\u20191)0411 by wb°le- nradily »n.n.raders> the country may IUtt\u2019 Undo ri°Uad t0 a mnre healthy trussea-o 1 * \u2018°ht demand money con-115 P®r cent 03nS °n col'aterals are made «\tcall and about 6 per cent.\u201c discounff* i,rUn °f C0lnmercial cll',iee line6 eii at 7 ® 8 per cent., and ^change i3 d ^ ® per cent- Sterling iMsareltÏ1'60 ^ between f banter at 9» ® nl\u2019 a\u201dd f0r cash over New York aro ! ® 9i>! the Posted rates in 7at $4-88for bb days o»Wv.demand.Currency drafts AND DAILY COMMERCIAL GAZETTE.YOL.LXXI.\u2014NO.I4(j MONTREAL, FRIDAY, JUNE 2(), 1879.Price 2 Cents ol shares being suddenly thrown upon the market.Dominion Telegraph stock is not active, and the favourable terms upon which they are reported t-« have leased the lines, has not had the effect of enhancing its value, a small sale taking place to-day at 60, which is about the price at which it has been quoted for some months back.Richelieu and Ontario Navigation Co.is quiet and has been quoted during the week at 41 1361.closing to-day at 136 ; there have been no sales of Ontario, 68 is bid, but there is no stock forthcoming at the price ; Consolidated has declined 21 during the week, selling to-day at 40 ; Peoples has been dealt in to a small amount at 50 ; Molsons is inactive, offered at 771 ; Jacques Cartier has been quiet at 32 i@ 321 until to day, when there was a drop to 30 ; Merchants has been little dealt in, a few sales have been made from 76 (cb 761, transactions to-day being at 76 and 761; there has been nothing doing in Eastern Townships, the transfer books being closed ; Commerce is firm and 1 stronger than on Friday last, at 103 7® 1031, ex-dividend ; Exchange is offered at 47 ; Ville Marie is steady at 50 ; for Federal 971 ia bid, but holders ask 102, the result being no transactions ; there has been nothing done in City, Harbour or Government stocks or bonds, except a sale of Dominion 5 per cent, stock at par.To-day\u2019s transactions were as follows :\u2014 MORNING BOARD.Bank of Montreal .3 (cb 136 Merchants .6 IS) 76 10 (cb 761 Commerce\t\t\t Ville Marie\t\t\t25, 25 ©\t50 Montreal Telegraph.\t\t16 IS\t93A \t25, 25, 25 ©\t93 \t10 ©\t93 è \t6 ©\t924 \t50, 50 IS\t92 J 25, 10, 100, 50, 25\t100,15, 50 ©\t93 \t5 ©\t93J \t50 ©\t934 50, 50, 100,\t25, 75, 25 ©\t933 \t39 ex div, ©\t90 \t39 ex div.©\t91 Dominion Telegraph .\t\t4 ©\t60 AFTERNOON\tBOARD.\t Bank of Montreal\t\t\t Consolidated.10 O) 40 Jacques Cartier .400 (cb 30 Montreal Telegraph Co.25, 4 (cb 931 25 (cb 931 25 (cb 94\u2019 25, 55,25, 20, 25, 50, 2 (cb 94* 50, 25, 25 (cb 941 50 (cb 911 100 (cb 95 Richelieu & Ont.Nav.Co.25, 25 (d> 411 At New York the stock market was strong until Monday afternoon, particularly the Grangers and the Vanderbilt special ties.The Directors of the Western Union Telegraph Company having decided to distribute the company\u2019s stock, which wou\u2019d make a stock dividend equal to 17 per cent-and also declared a cash dividend of 11 per cent for the quarter, there was an advance in the stock to 116, but on Tuesday the price was broken down by reports that the distribution of the stock would be enjoined.The Northwesterns and St.Pauls steadily advanced, being influenced by clique manipulation and by the large increase in the business of the roads.On Monday afternoon the advance in the market was checked by failures in, and the ui.* settled condition of the cotton market, and on Tuesday the Grangers declined in consequence of reports of frost in the Northwest.The improvement in the coal shares was also checked on Tuesday, after Central New Jersey had touched the best figure&of the year, by the unsettled condition of the market, and also by the fact that the coal trade is really in an unsatisfactory state, notwithstanding the apparent harmony among the producers.There was no attempt made to raid stocks on the various unfavourable reports, and the decline was quite natural.Toward the close on Tuesday there was a rally in the Grangers and in Erie and the Vanderbilt specialties, but the market was irregular, with the coal stocks weakes\u2019.On Wednesday the market continued weak with a further marked decline in the North Wests, Michigan Central, the Delawares and Union Pacific.To-day coala shares are still lower, as also is Toledo and Wabash, while Lake Shore, and Ohio and Mississippi each advanced 1, and Union Pacific f, the remainder of the list showing but little change.The fluctuations of the day were as follows : \u2014 Cl\u2019g.Op\u2019g.1.30 prev day.West.Union.112J 113 Lake Shore.741\t742 Pacific Mail.15f Erie.271 Ohio & Miss.14| Nor-West.65 J Do.pfd.96 St.Paul.63J Do.pfd.92 g Mich.Cei tial.75| Jersey Central.52f N.Y.Central.118 Del.Lack & West 57 à Del.& Hudson.; 46| St.Joseph.20| Rock Island.133^ C.C.&I.C.64 Tol.& Wabash.364 Union Pacific.76| A.& P.Tel.Exchange.488 Money.4 .\\-ewYf°r deta and.TU3^W?tatpar@L76p-\u201c Sls been inac dur'ng the past week :llUrei eicen* I6 and w\u2018tbout particular I-thaeXCitenieiltinMont.11'\"l iQ i02 .*.1I