Show BY TELEGRAPH P H veu IF UMON TELEGRAPH A NEW YORK vork 2 from the public march sd there was no panic panie pan i c in business outside of new york last week the stringency did not last long enough to spread to other cities and there as here the legitimate ma t e dealings show a large increase in the exchanges at every city except one the largeness of the increase at boston philadelphia chicago and some other olber cities and the fact that these exchanges result from dealings at a considerably lower range of prices than was seen this time last year indicate that the expansion in quantities of the products exchanged has been great it is impossible to judge how large a part of the exchanges at new kew york last week were due to operations in stocks stock because the most important feature here was the violent disturbance of loans of all kinds while the banks were calling in in loans amounting to many millions every day and money to a large amount was borrowed daily from private lenders the volume of these transactions bore no inconsiderable sid erable proportion to the cost of all the stocks sol soi sold dyet yet it is impossible to estimate to what proportion the loans thus shifted on call was due to oher either operations than to securities on the usual basis some shares having been sold during the week ending thursday and at an average price certainly below 75 per share the amount of exchanges not due to such transactions would be estimated at forthe week ending saturday last but it is probably somewhat less because the charge of loans was nearly disproportion ab to the sale effected there is no sign of unsoundness in business in any part of the country even in california the volume of business is increasing without a revival of the unhealthy speculation which formerly marked exchanges at san francisco the remarkable increase in the amounts of payments is more encouraging because in hardly any branches of merchandise have the recent speculative dealings been unusually large SAN 1 in the trial of young youn kalloch for the tho murder of charles deyoung tile defense opened today to day great interest was manifested for while the prosecution followed in the course of all previous knowledge of the tragedy the line of the defense has been f v fruitful subject of speculation highton counsel for the defense in his opening announced his defense to be first on t technical grounds the prisoner having been once lore wore before placed in jeopardy and discharged according to the court records second belo self defense third transitory mania counsel expected to prove that from what had before happened and was known of the character of deyoung the prisoner was in reasonable fear of his life that on the day of the tragedy the prisoner had had an ari interview with a friend of deyoung and had made an appointment to meet the deceased with the view of making arrangements to stop the publication of pamphlets reflecting on the prisoner prisoners father the condition being that in the event of its suppression the elder kelloch kalloch would not prosecute deyoung for the attempt on his life that soon after prisoner became aware that the pamphlets were being circulated he went to the chronicle office in an agitated state of mind observed the threatening expression on de youngs face and a motion to draw a pistol as he entered and that drawing his pistol both fired simultaneously he proposes to vindicate the testimony of who was wag sent to the penitentiary rr for perjury in swearing at the preliminary re examination that deyoung deyoung bred fired the first shot at the close of the opening address a num number berof of witnesses were examined as to the good character of the prisoner previous to the tragedy the court room w was crowded and great interest was manifested washington 3 senator elect miller senator john P jones and representatives page and pacheco called on general garfield today to day and urged the claims of the pacific coast to a representation in the cabinet the name of ex senator sargent was most prominently suggested but it is understood that in the course of the conversation jones miler and pacheco expressed their high regard also for representative Ee horace davis and said in effect that his appointment to a cabinet position would also be acceptable if the president elect from any reason considered him the most eligible selection general garfield made no decision or definite denn nite nito response to the remarks of the members of the delegation but they came away with the impression that the rival claims of the states and sections of the country east of the rocky bocky mountains will absorb all the cabinet positions and that there is very little chance at present for any appointment from the pacific coast the best informed opinion as to the composition of garfielda Gar fields cabinet seems to toni ni ah t to settle down upon the following blaine elaine of course for secretary of state wayne mcveagh of penn perm for attorney general robert bobert Lincoln of illinois for secy of war levi P morton of new york for secretary of the navy bavy senator windom of minn for secretary of the treasury senator kirkwood for secretary of the interior and charles foster postmaster general as fixed and positive Kirk woods appointment as 1 secretary ot of the interior is based upon the belief that his position will first be offered to senator allison and be declined and foster is considered probable but contingent upon other matters which are still unsettled there is no doubt that morton has been offered the navy department portfolio but his acceptance cep tance is by no means certain and if senator conkling insists upon new york being given a more important representation in hi the babl cabinet betor or nonean none at all the whole slate except the first three names upon it may yet be broken in this event there is still a possibility that morton may maybe be assigned to the treasury department and it is also believed by many that kirkwood will be dropped in order to give the treasury portfolio to allison washington VAS HINGTON 3 S the special cabinet meeting held today to day the tho jbf la of the present administration was devoted princ prine principally i pally to the consideration of unfinished business A number of f commissions were signed this afternoon all of the family vacated the executive mansion excepting the president and mrs hayes they remain until tomorrow to morrow the iho executive department closed earlyta early today to day there was no business after 13 12 in the war anti aud navy departments the executive departments all close tomorrow to morrow inauguration day being a legal holiday in the district the gains and losses of the several states by the apportionment bill passed today to day are ard gains arkansas 1 california 2 illinois 1 iowa 1 kansas 3 kentucky 1 11 massachusetts 1 michigan r minnesota 2 mississippi 1 Is missouri hll our 1 nebraska 2 north carolina 1 ohio 1 pennsylvania 1 south carolina 1 texas 4 virginia 1 west Virgin virginia ivl ivi 1 total 29 losses maine 1 new ham hampshire I 1 vermont 1 total 3 by this t is apportionment the north gains 16 and loses 3 net gain 13 the south gains 13 and loses none representative depre tentative enta tive levi lievi P morton senator cameron wm E chandler and hon hen marshall jewell also called on garfield every one who asked for the president elect was shown to his apartment until 12 when he went out for a drive this evening gen garfield dined with representative chittenden of new york and afterwards attended a card reception of that gentleman many prominent democrats were present the guests included prest hayes vice president wheeler vice president elect arthur gen shermany sherman Sher many mans secretaries sherman evarts ramsay and attorney general devens sir edward thornton was present officers and soldiers of the army of the cumberland in the city came to meet at the city hall tomorrow to morrow NEW york 3 the graphic says bays not a few people came down this m morning orning expecting eting to sell stocks and receive a profit onit on the passage of the funding er bill ill iii from the very opening however there were orders to take all offerings and instead of weakness there was a strong tone which developed buoyancy when at the end of the first half hour news came that the veto of the funding bill had bad been written out and just here one of or the inconsistencies that characterize the course of speculation manifested itself those who had bought stocks in the hope of the passage of the funding as a measure of inflation began to buy on the vetoing of the bill shorts took alarm and were driven to cover by the manipulations of operators who yesterday and the day before were the principal buyers of stocks there is little doubt that the advance today daywan was due mainly to the closing out of short accounts for the report was freely circulated that a funding amendment shorn of all obnoxious features would be tacked on to tho the deficiency clency bill and passed today to day the situation in other respects has not changed so great has been the increase in the number of messages offering here that the western union company p ahas has been compelled to borrow 0 operators E moors for fon its main maln office from the am american union and atlantic and pacific offices the commercial bulletin in its financial article says the day opened at the stock exchange on the news that the funding bill had passed the house in the same form that it came from the senate which made stocks weak then news came that the treasury will buy at supposed market prices of 5 and 6 per cent bonds on wednesday this strengthened the market as did also the later news that the president had vetoed the refunding bill caterin the day the decision of judge blatchford atchford BI refusing to grant an injunction to restrain the western union telegraph consolidation and the report that judge sedwick had so far modified the recent injunction granted by him that 48 per cent of the scrip declared as dividend to the western union telegraph shareholders could be issued gave great strength to telegraph stocks and th the e result of all was a general rise in stocks declining from I 1 to i per cent rent for holding stocks united states bonds advanced 5 and 1 the treasury in the last ten days has taken about lawful money placed there by banks giving up note circulation it has paid out for bonds bought about so it retains about which has been taken from bank reserves this money if it should remain in the treasury will cause a stringent ent loan market markets and tion is how bow to get out the report was current that the treasurer would return to the banks which have given up their circulation the lawful money which they had deposited to redeem their notes later it was officially announced that he will return the greenbacks green backs to those banks which may have depoll deposited ted tb them em provided the bonds which may have secured their circulation still remain on deposit and none of the circulation of the bank has been redeemed from the deposit he d declined ec lined ho however to surrender greenbacks green backs upon the redeposit of bonds if nive five per cent bonds are again deposited new certificates must be issued if the money cannot be got back into the banks in this way then the only other way is to buy bonds at the market price to the extent of this would restore the banks to the condition they were in ten days ago or before the senate passed the refunding bill if the trea Yrea treasury sury buys more than then the amount beyond will make the banks proportionately better off than they were ten days ago the times says the action of president hyes H yes in vetoing the refunding bill was variously receive on the street according to the prejudices of persons interested H C Falin ealin fahnestock estock of the first national bank which has been regarded as the champion of the opponents of the refunding bill said yesterday afternoon that the bill would have been favored by the banking men notwithstanding the doubt of many as to its ultimate success had it not been for the fifth section with this clause it could not but have been a failure it was a bad policy to anta without whose coop co op ration the placing lacing of a 3 per cent bond would U be a failure in any event if such a funding bill with such provisions as were contained in the objectionable fifth clause had been passed a year ago to take eject today to day it would be boa bea a different matter the notice given was too short and banks were compelled in their own defense to fight its ita passage should the act be passed toda today to da day to fund the debt on the basis of a af 3 per cent bond there would not be the slightest doubt as to its success the baltimore ohio and pennsylvania roads are crowded with trains bearing people to washington to witness the inauguration ceremonies judge BI atchford blatchford in the united states circuit court today to day rendered a decision in the trials brought by the direct cable company and the french cable company to restrain the consolidation of the western union and other telegraph companies judge blatchford atchford BI entirely refuses to grant to either of the two cable com companies nies any relief whatever hen he also aiso 0 refused to grant to either of them upon anything that has been said up to this day any relief upon their amended bills asking an order to restrain the western vesten union telegraph company from violating any condition of the cable contracts made with the two land it now succeeds the i judge is reported aa as having ruled that the western union can issue its certificates for 48 per cent this practically accomplishes all that is required to complete the consolidation the worlds lV city of mexico correspondent sass says sea fea vs the perhaps anticipate difficulties with uio bie ane new regime about to be inaugurated at home are here again end endeavoring ea to procure lands for a large colony of the saints so far the mexican government has taken no action in the fhe matter but may when congress assembles london dispatches say the temes times gives the following account of an irishman who is described by a correspondent as the chief advisor of Jou brut the boy commander his name is alfred aylward he was for some time connected with james stevens fenian head centre A correspondent of the times who was in natal says aylward disapproved of their plans as he be thought the time for assassination and revolt was inopportune and informed the committee committe eif elf if they resolved to murder derford lord mayo he should inform him ot of his danger aylward then sent a note to lord mayo tell teil telling ilg him not to pass through the castle yard that afternoon aylward was that night shot by a fenian as an informer and was taken to the hospital wounded A correspondent met aylward who told him how he had secretly severed his connection with the fenian movement in ireland his story is as follows at a meeting of the central committee stevens presiding at which aylward was present it was decided to assassinate lord mayo then chief secretary for ireland as he passed out from the castle yard dublin and to attack attach chester castle for the purpose of procuring arms in the two places the police discovered who wrote the letters to lord izord mayo an and i d wb when en aylward recovered he be was placed under police protection and accepted an otner offer of mone money y from the secretary of the jail on condition of his leaving the country aylward then left ireland and went to south africa he hellas helias has been long iong i known in africa as a strong sympathizer with the dutch when in 1866 the boers being at war with Lecoco eni wanted an officer aylward volunteered at the fight at he was serving with the lydenberg and on the death of their captain succeeded to the |