522 



NEW YORK CITY. 



Exchanges. During 1892, at the Stock Ex- 

 change, 86,726,410 shares were bought and sold. 

 Bonds, both State and railroad, valued at $500,- 

 845,200, exchanged hands, while the transactions 

 in Government bonds amounted to $1,662,400. 

 At the Consolidated Stock and Petroleum Ex- 

 change the transactions were as follow : Rail- 

 road stock clearances, shares, 74,940,000 ; mining 

 stocks, shares, 1,412,180; bonds, $36,552,000; 

 petroleum, barrels, 21,604,000 ; wheat, bushels, 

 21,144,000 ; corn, bushels. 2,118,000. 



The transactions on the Produce Exchange 

 were as follow : Flour, 4,414,200 barrels ; wheat. 

 1,151,448,000 bushels; corn, 295,413,000 bushels; 

 oats, 104,641,000 bushels. 



On the Cotton Exchange the transactions by 

 bales were as follow : Sales of spot cotton, 345.- 

 855 ; sales for forward delivery, 44,414,700 ; act- 

 ual cotton received, 1,277,836. 



The year's sales on the Coffee Exchange were 

 6,926,000 bags, as against 7,738,000 bags sold in 

 1891. 



The receipts at the Customhouse during 1892 

 were $129,552,006.53, as against $123,542,630.97 

 for 1891. At the U. S. Subtreasury during 1892 

 the receipts were $1,124,783,218, and the pay- 

 ments $1,223,623,675. The more important items 

 were as follow : Receipts for customs, $134,- 

 212,344 ; currency received from Washington, 

 $112,441,000; interest payments, $181,538; pen- 

 sion payments, $95,245,968 ; currency shipped to 

 Washington, $119,373,099; deposits for currency 

 shipments, $67,746,090; purchase of silver bul- 

 lion, $46,819,373; pension checks paid, 1892, 

 $2,216,016. 



Memorial Arch. On April 5 the last block 

 of marble in the Washington Memorial Arch 

 was placed in position by William R. Stewart, 

 who then reported that the fund had grown to 

 $124,765.20, leaving but $3,234.80 to complete 

 the structure. The scaffolding that surrounded 

 the arch has been taken down, and it is virtually 

 completed. The following was accomplished 

 during the year : 2 stone eagles were carved after 

 designs by Martini, and 4 trophy panels and 4 

 spandrels were also carved. For this work about 

 $3.000 was required. The stairs to the top of the 

 arch were also completed, 110 in number. 



On the large panel of the north front the fol- 

 lowing has been inscribed : 



" To Commemorate the One Hundredth Anniver- 

 sary of the Inauguration of George Washington as 

 First President ol the United States. 



" Erected by the People of the City of New York." 



On the large attic panel of the south front is 

 a quotation from Washington's address in the 

 Constitutional Convention : 



" Let us Raise a Standard to Which the Wise and 

 the Honest Can Repair. The Event Is in the Hands 

 of God." 



The arch will not be turned over to the city 

 until the four groups of figures of heroic size 

 are finished and in place on the north and south 

 sides of the two piers of the arch. When this 

 last detail is completed the formal presentation 

 will take place with appropriate ceremonies. 



Ultimately, on June 16, all the necessary funds 

 were obtained, or, in all, $128,000. The treasurer 

 then reported that there had been expended in 

 the actual construction of the arch to date 



$114,966.20, and its total cost would be $124,000. 

 This includes $1,160 paid for granite posts set 

 around the structure to protect it from the street 

 traffic. This item did not enter into the esti- 

 mates, as at the time they were made it was 

 hoped and believed that the city authorities 

 would see the propriety of protecting a public 

 monument given to it through the public spirit 

 of private citizens, and would not compel the 

 Arch fund to bear the expense. The sum of 

 $4,000 was expended in collecting the funds and 

 other necessary expenses. 



Grant's Tomb. Shortly after the death of 

 Gen. Ulysses S. Grant, and subsequent to the 

 announcement of his decision that his remains 

 were to be interred in the city where his home 

 had been during the last years of his life, a 

 Grant Monument Association was organized. A 

 fund of $155,000 was collected, and designs for 

 an elaborate memorial accepted. Early in the 

 spring Gen. Horace Porter was called to the 

 presidency of the association, and at once in- 

 augurated an active canvass for the collection 

 of the necessary amount to complete the fund of 

 $500,000. Under his systematic direction within 

 a month over $200,000 was collected, and it was 

 decided to lay the corner stone of the memorial 

 on April 27, the anniversary of the birthday of 

 the great hero. Legislation making the after- 

 noon of that day a half-holiday was promptly 

 enacted, and at the appointed time the President 

 of the United States, with members of his Cab- 

 inet, the Vice-President, and high officials in the 

 army and navy, were driven to Riverside, under 

 the escort of Troop A, where they were met by 

 more than 1,500 veterans of the Grand Army 

 of the Republic, and several hundred members 

 of the Loyal Legion. On the main platform, 

 erected near the temporary tomb, were members 

 of the Grant family, and many citizens of promi- 

 nence. Promptly on the arrival of the Presi- 

 dent he was escorted to the stand, and the dedi- 

 catory exercises began with a prayer by Rev. 

 John Hall. An address by Gen. Porter followed, 

 in which he announced the amount already sub- 

 scribed, and the desire of the association "to 

 complete its labor (of collecting the funds) be- 

 fore Decoration Day." President Harrison then 

 laid the corner stone by spreading the mortar 

 prepared for him with a gold trowel designed 

 for the occasion, and made a very brief address. 

 An oration on " Grant as he was," by Chauncey 

 M. Depew, followed, after which Rev. John Hall 

 pronounced the benediction. The crowds dis- 

 persed while the bands played in unison the 

 " Army Prayer," and the guns of the " Miantono- 

 moh " in the river boomed a solemn accompani- 

 ment. Subsequently the desire of Gen. Porter 

 was realized, and on Memorial Day he an- 

 nounced that funds exceeding the desired $500,- 

 000 were in the hands of the committee. 



Centennial of the Stock Exchange. On 

 May 17 the Stock Exchange celebrated its one 

 hundredth anniversary. In 1792, 25 residents met 

 under an old buttonwood tree, standing at about 

 where No. 60 Wall Street is to-day, and there 

 agreed as follows : " We ... do hereby sol- 

 emnly promise and pledge ourselves to each 

 other that we will not buy or sell from this day, 

 for any person whatsoever, any kinds of public 

 stocks at less than one quarter percent, commis- 



