4. What will be the cost of a sight draft for $625.38 at 7 discount per $1,000?

5. Find the cost of a 60-days draft for x dollars, premium 25 per $1,000.

6. Find the cost of an x-day draft for $1,200, discount 1%.

7. Find the cost of a 30-days draft for $1,600, premium x dollars per $1,000.

8. Paid $1,188.90 for a 60-days draft, at % premium. What was the face of the draft?

9. A time draft for $1,800 at $1 premium per $1,000, cost $1791.90. At how many days' sight was it drawn?

10. At what rate did I purchase a 90-days draft for $900, its cost being $884.70?

LONGITUDE AND TIME.

NOTE. This topic should be taught in connection with the study of Mathematical Geography. The globe should be used to show the pupils that all places on the same meridian have the same time, that a difference in longitude of 15 degrees produces a difference in time of 1 hour, and that the more easterly of two places has the later time.

1001. Oral Problems.

1. The difference in time being 1 hour for each 15 degrees, find the difference in longitude between two cities differing in time 3 hours.

2. Two places differ in longitude 61 degrees. What is their difference in time?

3. London is 75° east of Philadelphia. When it is 1 o'clock at Philadelphia, what is the time at London?

4. When it is 2 P.M. at London, what is the time at Philadelphia?

5. When it is noon at a city 25 degrees west of Vienna, what is the time at the latter place?

6. How many degrees of longitude correspond to a time difference of 3 hours 40 minutes?

7. What is the difference in longitude between Philadelphia, 75° west longitude, and St. Petersburg, 30° east longitude?

8. When it is 3 P.M. at St. Petersburg, what is the time at Philadelphia?

9. Washington is in 77° west longitude, and uses "standard time," that is, the time of 75° west longitude. What is the difference between the correct time at Washington and its clock time?

10. A town in 84° west longitude uses standard time (of 90°). What is the correct time when the clocks are striking 12, noon?

1002. Slate Problems.

1. Find the difference in longitude between two places differing in time 3 hr. 44 min.

2. Two places differ in longitude 37° 18'. What is their difference in time?

3. Chicago is 87° 35' west of Greenwich. What is the difference in time between the two places?

Is it earlier or later than noon at Chicago when it is noon at Greenwich? Why?

What is the standard time at Chicago when it is 1 P.M. at Greenwich?

4. When a captain's observation of the sun shows that it is exactly noon, the ship's chronometer, keeping Greenwich time, reads 30 minutes past 2 P.M. How many degrees west of Greenwich is the vessel ?

5. Find the difference in time between two places in longitude 74° 31' and 93° 14' west of Greenwich, respectively.

6. When it is noon at a place 11° east of Greenwich, it is 1.30 P.M. at another place. Find the longitude of the latter place.

7. A train ran from New York to San Francisco, 3,313.5 miles, in 3 da. 12 hr. 17 min. How many miles per hour did it average?

8. If for $6 I can have 1,200 pounds carried 36 miles, how many pounds can I have carried 24 miles for the same money?

9. At 80 per ounce, what is the value of 36 ingots of silver, each weighing 2 lb. 10 oz. 15 pwt.?

10. Find 30 per cent of 27 yards 8 inches.

11. The solid contents of a block 12 feet 6 inches wide and 3 feet 9 inches thick are 27 cubic yards 1 cubic foot 810 cubic inches. Required its length.

12. A farmer sold 237 bushels 3 pecks of wheat, which was 48 per cent of his crop. How many bushels, pecks, etc., did he have left?

(48% is given; you have to find what %? What part of 48% added to itself will give the required per cent? Do not find the whole crop.)

13. How many spoons, each weighing 2 ounces 12 pennyweights, can be made from 4 pounds 4 ounces of silver?

14. A man travels due west, on the 45th parallel of latitude, 34 miles per hour for 24 hours. How many degrees has he traveled, the length of a degree being 48.96 miles?

1003. Oral Problems.

REVIEW.

1. A puts $600 into business; B, $400; the profits are $500. What is the share of each?

2. Two boys hire a camera for 26 weeks, paying $5.20. How much should be paid by the boy that uses it 12 weeks?

3. New Orleans is 90° west of Greenwich. When it is 2 P.M. at the latter place, what is the time at New Orleans?

4. Find the discount, at 6%, on a note for $300, that has 48 days to run.

5. What will be the cost of 84 yards of muslin at 49¢ a yard? 6. Two men hire a pasture for $84. One puts in twice as many head of cattle as the other. What should each pay?

BILLS OF EXCHANGE.

Exchange for £ 180 17s. 6d.

NEW YORK, Dec. 14, 1895.

Sixty days after sight of this First of Exchange (Second unpaid), pay to the order of John W. Moran & Bro., One Hundred Eighty pounds sterling, seventeen shillings, six pence, Value received, and charge the same to account of

To JAMES LENNON & Co.,

London.
No. 39.

1005. Slate Exercises.

PETER COMERFORD & SON.

1. Find the cost of the above bill at $4.87 per £.

2. What would be the cost of a cable transfer of £251 11s. 9d., at $4.88 per £?

£250 $1,221.25 of £1,000

=

The newspapers give quotations of foreign exchange for sight and 60-day

bills, also for cable transfers.

1006. The New York quotations for French exchange give the number of francs for $1.

1007. The quotations for German exchange give the value in U. S. money of 4 Reichmarks (or marks).

4. Find the cost of a 60-days bill of exchange on Berlin for 1,874.35 marks, at 954 for 4 marks.

5. What will be the face in marks of a sight bill of exchange on Berlin that can be bought for $1,000, at 951 for 4 marks?

6. A New York merchant pays $1,637.50 for a 60-days bill on Paris. What is the face of the bill, the rate of exchange being 5.18 francs for $1?

7. At $4.88 per £, what will be the face of the sight bill on London that can be bought for $1,500?

8. Bought goods in London amounting to £437 5s. 10d. less 4%. How much will I have to pay in Boston for a sight bill of exchange at $4.881, to settle the account?

9. What will be the cost in Chicago for a 60-day bill on Paris, that will pay for the following articles? Rate, 1 franc = 191. 18 pieces silk, 44 meters each, at 25 francs per meter, less 71%. 3 pieces of cloth, 50 meters each, at 20 francs per meter, less 5%. Packing charges, 60.50 francs.