HUNT'S MERCHANTS MAGAZINK.

REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES

VOL. 30. NEW YORK, MARCH 27, 1880. NO. 770.

Financial.

Phelps, Stokes & Co.,. N, PHKLPS,JAMKS STOKK8,ANSON I'HKLPd 8TOKB3.

BA>KEBS,

45 irALL ST., NBW YOBK.COMMERCIAL. CREDITS,

tn DolUtra for um In United SUtM, Cubs, *«.,

Pound! Starllns, kTailable In anr part of the world-

AlK>. TRATHLERS' CBKDITS and

OIRCCLAR NOTBS.

BanqueCentrale Anversoise,

Antwerp.Paid-Up Capital, - - 9,000,000 Francs.

BOASD OF DIRECTOaa

:

Faux OBiiAB, PreiUent.ALrBiD UA4mHi.T (OraS* Maqalnar), Tlce-PretJ. B. Vox a» Bbcki (B. Von der Becke).Otto Ochthim (Coroellle-UaTld).Bmiu di Ocitt^i.An. Fbamk ( rrank. Model Ik Cle.)

Ave. NoTTBB >Hif (Nottebolim Frerea).Fb. Dhaici> (MIctaleli-lAOi).Job. Dah. FnasMANH, Jb. (Job. Dan. Fohrmann).loou Wbbbb (Bd. Weber A Cte.)JSI.M KADTBHaTBAnoH (C. Scbmld A Cle.)

TBAMSACT8 A

OBNKKAI. BANKING BI7SINE9S.

A8A P. POTTKB, Pteat. J. J. KODT. Casbler.

Maverick National Bank,BOSTON,

CAPrTAL, $400,000SURPLUS, 400,000C0LI>RCTI0N3 a specialty. Btulness from Banksnd Bankers solicited.Batisfactorj business paper discounted. Cor-

respondence InTlted.

Lswis H. Tatlob, Jb. LINDLXT Hainxs.

L. H. Taylor & Co.,Bankers and Brokers,

138 SOUTH THIRD 8TBEET,PHILADBLPHIA.

Deposits received subject to check at sfKht, andinterest allowed on dally balances.

Stocks, Bonds. &c.. bought and suld on commissionin Philadelphia and other citiea.

Particular attention K'ven to Information regard-ng Xavestment Securities.

Hilmers,McGowan& CoBROKERS IN

FOREICJV EXCHANOE,63 \raU Street, New York.

(P. O. Box 8347.)Special attention paid to the DegotlaUon of Com-

nerdal Bins. Also execute orders for MiningStocks at thd San Francisco StocI' Exchange, throughtoelr Correspondents Mewra. Kunhbt A DrXB.

R. T. Wilson & Co.,fANKKRS AND COMMISSIOH MBRCHANT8

Financial.

Jesup, Paton & Co.,BANKBR9,

53 William Street, N«w Tork.

Acceunts and Agencr of Banks, Corporations,

Arms and indirtduals recetred upon farorable terms.Dlridends and interest collected and remitted.

Act as agents for corporations la paylnc couponsand dlTidends'; also as transfer agents.

Bonds, stocks and securities boogkt and sold oneammlssloa.Sound railroad and municipal bonds negotiated.Sterling exchange bought and told. Drafts on

Union Bank of London.

CHARLES B. GREENE,BKOKER, ,

UeTemvientt St&te. Maaiclpal and Mlacel-lanseas Securltiea.

And all claaaes of Boads and Stocks, Si rii>B»D-Patinq or In Dbitadlt,

KOOM 24. 30 Broad St., New York.Sand for Circular.

HBrBKENCB9—Wm. B. Dlnsmore, Pres't AdamsExpress Co ; American Uzchaage National Bank

;

Messrs. V. P. James A Co.. Bankers, 40 Wall street

;

Messrs. Putnam h Earle, Bankers, 5 Wall street.q .

Daniel A. Moran,%<1. PINE STBEKT,

NEW YORK.

(Member of N. T. Stock Exchange.)

Nezotlates Flrst-CIaas Rallroad,IState,

and Cltjr lioana.

Buys and sells for cash, or on approred margin,

all Securities dealt in at the Stock Exchange.

A choice line of Investment Bonds alwaya on

hand.

Correspondence solicited.

Hatch & Foote,Hankers, no. 13 wall street,

Bxrr AXD sxu,

GOVERNMENT BONDS. STOCKS AND MISCEL-LANEOUS SECURITIES,

R. A. Lancaster & Co.,BANKERS AND BROKERS,

66 BROADWAY, NEW YORK,DEALERS IN

Plrst'CIaas InveBtment Secnrltles.GOVERNMENT BONDS, STATE, CITY, COUNTY.RAILROAD A MISCELLANEOUS 8EC0B1TIES

Bought and Sold on CommlasloB.

VirginUi Tax-BecHvable Coupons Bought.80U1HBRN SECURITIES A SPEVIALTT.

LOANS NEGOTIATED.INTEREST Allowed on DEPogrra.

tSr SPECIAL ATTENTION GIVEN TOFUNDING VIRGINIA AND NORTHCAROLINA STATE BONDS.

A. H. Brown & Co.,BANKERS AND BROKERS,

T YVaU St., Cor. New, New York.INVESTMENT SECURITIES.

9l>«ctitl »U«dUob to biulii«s« oX «oun(r7 bum.

Financial.

Trask & Francis,BANKERS AND BROKERS,

TO Broadwax 4c 15 New St., Now TeriUTransact a General Banking Business.

STOCKS and BONDS Bought and Sold on Com.mission, and carried on Margins.

Deposits received and Interest Allowed-

tW Accounts of Country Banks and Bankera re*

iTed on farorable terms.

Sand, Hamilton & Co.,BANKERS AND BROKKRa,

a Naasao Street, Ne'w Tork.

STOCKS AND BONOS BOUGHT AMD SOLD ONCOMMISSION.

COMMERCIAL PAPKR NBOOTIATKD.

Clinton B. Fisk & Co.,BANKERS,

No. 3 Broad Street, Drexel Bnlldlnff.1)K.\1.RRS IN

GOVERNMENT AND INVESTMENT SECUBITIEaBUY AND SELL ON COMMISSION.

For cash or on margin, all securities dealt In at theNew York Stock Exchange. Brokers in State, RaU-way, Municipal, Mining and Miscellaneous ftockaand bonds.

Kountze Brothers,BANEEBS,

13 W^ALL STREET, NSW TOSK,Issue Commercial acd Trarelers* Credits arallable

In all paru of the world. Draw Time and Sight BtUl

on the Union Bank of London, and onl&e Credit

Lyonnals, at Lyons or Paris. Make Cable Transfers.

R. jr. Kimball & Co:,

BANKERS and BROKERS4 Exchange Co.trt, New York,

Wytart memttrthi/ in y. V. St«ti SjKlUittk

' Buy mnd Silt tn Commiiiicx, /or Catt, nrt^- Uiurti», Slocks, Bonds, and all Imitimmt

- Sfcurititt, in ktt to t»it,

Ewell & Maitland,BANKERS AND BROKERS,

No. 58 BR.ADW^AT,Buy and sell on commission all securities dealt In at

the New York Stock Exchange or tn this market

also Mining shares.

J. N. EWELL, ALEX. UArrUkXH,Member of N. Y , Stock Exchange.

H. W. Rosenbaum,51 Exchange Place,

BUYS AND SELLS

BAILBOAD BONDS AND STOCKS.

ALL CLASSES OF INVESTMENT AND laS-

CBLLANEOUS SECURITIES NOT ACTITBLTDEALT IN AT THE 'nEW TOBK STOCK KX-

CHANGS A SPECIALTY.

Correspondence solicited and lalomatlOB el>t*r>

folll' famUlisd.

THE (3HR0N1CLE. Vol. XXX

Foreign Exchange.

Drexel, Morgan & Co.WALL STREET,

COSNBR OP BROAD, NEW YORK.

Drexel & Co.,

Mo. M Sooth Third St.,

Pblladelphla.

Drexel, Harjes & Cd

31 BoaleTftrd UausBmanD

Parts.

DOMESTIC AND FOREIGN BANKERS.Deposits received subject to Draft. Securities, Gold,

ftc.. bouglit anrt sold on commlBsion. Interest allowec

on Depoalts, Foreign Kxchaime. Commercial Credlta

Cable Transfers. Circular Letters tor Travelera,

avsllable In all parts el the world.

Attorwetb and Agbntb oy

jneamn. J. S. noRGAN & CO.,

No. 42 OLD BROAD ST., LONDON.

Brown Brothers & Co.,No.. 59 WALI. ST., N. V.,

BCY AND SELL

B1L.L.S OF FXCHANGEON GREAT BRITAIN AND IRELAND, FRANCE,

GERMANY, BELGIUM AND HOLLAND.

Issue Commercial aud Travelers' Credits

/J\r SIERLINO.AVAILABLE IN ANY PART OF THE WORLD.And In Francs, In Martinique and Guadaloupe.

IBAKBTELEGRIiFmC TRANSFERSUF moNKV

Between thla and otber countries, through Londonand Paris.

Make Collections of Drafts drawn abroad on all

points in the United States and Canada, andof Drafta drawn in the United States

on Foreign Countries.

~S7 G. ^GTC. Ward,ABKNTS PCS

BARING BROTHERS ic. COMPANY,63 WALL STREET, NEW YORK.

28 STATE STREET, BOSTON.

J.&W. Seligman&Co.,BANKERS,

S9 EXCHANG'B PLACE,CORNER BROAD 8TRKBT, NEW TORE.

Issae Letters of Credit for Travelers,

Payable In any part of Bnrope, Asia, Africa, Aostralis

Bd America.

Draw Bills of Bickange and make telegraphic tram.

t»n of money on Bnrope and California.

John Munroe & Co.,No. 8 'Wall Street, New ITorb,

No. 4 PoKt Office Sqnare, Boston.CHEQUES AND CABLE TRANSFERS ONnCNROE ic CO., PARIS.

BTERLtHO CHEQUES AND BILLS AT SIXTYDAYS' SIGHT ON

ALEXANDERS tc CO., LONDON.

Cmnn.AB Nom akd (^tinirs pob TxAT».xBa.

J.&

J.Stuart & Co.,

33 NASSAU STREET.BILI.S OF EXCHANGE ON

SmiTH, PAYNE & SmiTH'S,BANKERS, LONDON;

HANCHE8TER *c COI7NTT BANK,"LIMITED;"

MANCHESTER, PAYABLE IK LONDON

;

VL8TER BANKING COKKPANIT,BELFAST, IRELAND;

AHD OH TH«NATIONAL BANK OF SCOTLAND,

EDINBURG, AND BRANCHES;ALSO,

UABLK TRANSFERS AND LETTERS OF CREDIT

Canadian Banks.

Merchants' BankOP

CANADA.Capital, $5,500,000 Paid Up.

.Knoblauch

& Lichtenstein,BANKERS,

'Wnilain St., eor. Ejiclianso Place,NEW YORK.

Ofa^e Telegraphic Money Transfers.Draw Bllla of Exchange and Mne L«tt«n ot CndK

yt all prlnetpal cities o> Europe.SPECIAL PAHTWES,

DBCTSOHB BANK, Berlin.

President, the Hon. JOHN HAMILTON.Vice-President, JOHN MCLENNAN, Es<J.

HEAD OFFICE, mONTREAL.OEORQE HAGUE, General Manager.

WM. J. INGRAM, Asst. General Manager.

BANKERS

:

LONDON, ENG.—The Clydesdale Banking Comp'y.NEW YORK—The Bank of New York. N. B. A.

The New York Agency buys and sells Sterling Ex-change, Cable Transfers, issues Credits available in

all parts of the world, makes collections in Canadaand elsewhere, and issues Drafts payable at any ofthe offices of the bank in Canada. Demand Draftsissued payable in Scotland and Ireland, and everydescription of foreign banking business undertaken.

Neur York Ageucy, 48 ExcUaoee-place.HENRY HAGUE, ) .„.„,.JOHN B. HARRIS JK.,S -*ge°"-

Bank of Montreal.

CAPITAL,SVRPLITS,

«12,0O0,000, Gold.5,000,000, Gold.

Foreign Bankers.

GEORGE STEPHEN, President.

C. F. SMITHERS, General Manager.

XEW YORK OFFICE,No8. S9 A: 61 %VALI. VfREET.

Walter Watson,A. Lang, Agents.

Buy and sell Sterling Exchange, Francs and Cable

Transfers ;grant Commercial and Travelers' Credits

available in any part of the world; issue drafts on

and make collections in Chicago and thridughout

the Dominion of Canada.

London Office, No. 9 Btreliln Lane.

A'GENCY OF THE

B A N KOP

British North America,No. SZ WALL STREET.

Bay and sell Sterling ^change and Cable Trans-

fers. Issue demand drafts on Scotland and Ireland,

also on Canada, British Columbia, Portland, Oregon,

and San Francisco.

Bills collected and other hanking business trans-

acted. D. A. MCTAVISU, ) ._..,,W. LAWSON, S

Agents.

Imperial Bank of CanadaCapital, $1,000,000.

H. S. ROWLAND, President; U. tS. WILKIK, Cashltr

HEAD OFFICE, TORONTO.BBANCBSa:

ST. CATHARINES, PORT COLBORN K, ST. THOMASINGERSOLL, WELLANU, DUNNV LLK, FERGUS.

Dealers Hi American Currency and Sterling Exchange*Agents in London : I Agents In New York:

BosANquvET, Salt & Co., Bank of Montksal,93 Lombard street. | 59 Wall street.

Promptest attention paid to collections payable inAny part of Canada.Approved Canndlan business paper, payable in gold

or currency, di8i.ounted on reasonable terms, andproceeds remitted to any part of the United States bjarold or currency draft on New York.

Nederlandsche

Handel-MaatS'chappij,Tlie Netherland Trading Society

OF HOLLAND,ESTABLI8ED 1824.

Paid-up Capital, 36,000,000 Florin*.($14,400,000, Gold )

Execute orders for the purchase or sale of Merchan-dise. Bonds, stocks, ana other securities. In theUnlled states, Europe and the l-.aat ; make Collectionsbuy and sell Foreign Exchange, and give advances-upon Merchandise for lixport.

OLIVEI! S. CARTER, ) AgentBSTANTON BLAKE, ) forHE.NRY E. UAWLEY, 5 America

Nkw York. January 1, 1H79.

Office, 142 Pearl Street Newr TorlC

Adolph Boissevain & Co.BANKERS

AJ*D

comm I ss I ON nERCHANTirAMSTERDAM, HOLLAND

N. Y. Correspondents.—Messrs. BLAEE BROS, ft CO

Hong Kong & ShanghaiBANKING CORPORATION.

CAPITAL (paid-up) ;... |5,()00.000

RESERVE FUND l,400,(»O

HEAD OFFICE. BONO KONQ.The Corporation grant Drafts and negotiate or

collect Bills payableat Bombay, Calcutta, Singapgr.^,Saigon, Manila, Hong Kong, Foochow, Amoy,Ningpo, Shanghai. Hankow, Yokohama, Hiogo, SanFrancisco and London.

JOHN -WALTER, Asent, 59 Wall St.

California Baniis.

The Nevada BankOF SAN FRANCISCO.

New York Agency, 62 Wall Street

SurplUK, Invested In 17. S.

$3,500,000 Gold.Honda*

Foreign Bankers.

Nederlandsch Indische

Handelsbank,AMSTERDAJH, HOLLAND.

ESTABLISHEB IN 1863.

Paid-up Capital, 12.00 >,000 Guilders($4,800,000 Gold.)

HE\D OFFICE IN AMSTERDAM.Agencies ti, Batavia, Soerabayaand Saman^.

Correspondents in Padang.

Issae commercial credits, make advances on ship.

ments of staple merchandise, and transact othe.business of a dnancial character in connection withthe trade with the Dutch East Indies.

BLAKE BROTHERS dc CO.,

Agents ron North America,

M WALL STREET, NEW YORK,i!8 STATE STREET, BOSTON

GEOEGE L. BKANDER, Agent.

Issues Commercial and Travelers' Credits available

In any part of the world. Draws Exchange, Foreign

and Inland, and makes Transfers of Money by Tele-

graph and Cable. Gives special attention to Gold

and Silver Bullion and Specie, and to California

Collections and Securities; and arranges to pay

Dividends on such securities at due dates.

Bankers, London, SMITH, PAYNE i SMITHS',do do UNION BANK OF LONDON.do New York, BANK OF NEW YORK, N. B. A-do do Amebican EXCHANQE Nat. BANK.

TUB

Anglo-Californian Bank(LIMITED).

LONDON, Head Office, 3 Angel Coort.

SAN FRANCISCO Office, 442 California SVNEW VORK Agents, J. A W. Seiieman A (3cv

BOSTON Correspoud'ta, Massachusetts N. B'k.

Autliorlzed Capital, - - $»,000,000.Paid up aud Reserve, - 1,700,000.

ITransact a general banking business. Issue Com-

mercial credits and Bills of Exchange, available In

all parts of the world. Collections and orders for

Bonds, Stocks, etc., executed upon the most favor..

able terms. FRBD'K F. LOW, liwaniuror.IGNATZ 8TE1NHART. i"^anagers.

P. N. LILIENTHAL, Cashier.

Boston Bankers.

Chas. A. Sweet & Co.^BANKERS

40 STATE STREET, BOSTON.

DEALERS IN GOVERNMENT SECJURITIES.

State, City, County and Railroad Bonds.

Parker & Stackpole,BANKERS,

No. 68 DEVONSHIRE STKEET,

BOSTON

M^Aun 37, 1880. J THE . CHRONICLE lU

Boiton Bankeri.

Geo.Wm.Ballou&CoBANKERS,

9 Wall Street, 73 DeTonitbIre St.,

NElir YORK. BOSTON.

Dipoaira Rkceivbd and intkhest Allowed.

-Choice RAIIiROAD and raUNICIPAIiSECURITIES For Sale.

aao. Wh. Ballou. 0x0. H. Holt.

Brewster, Basset & Co.,

BANKEBS,No. 36 CONGRRSS STREET,

Boston, mass.

Ue4ten la Stoctu, Bouda, Uold Mid Commeretti

tiftpor.

Ordan eaectitcd en Coinmliilon at Brolciin BoarO

Auctions, and Private Sale.

InvfHttmAnt. Anrttrlttf. rnn.tHiiMTnn h^ntt.

F. H. Peck,RANKER AND BRAKE R

No. 7 EXCHANGE PLACE,

BOSTON.

Jackson & Curtis,

STOCK BROKERS,

SinnONS> BUILDING,Boston, BlaM.

Southern Bankers.

Wilson, Colston & Co.,BANKJfKS ANx> I.KOHLBK8,

BALTIICORE.IMVBSTMKNT and VIRGINIA BItCUUITIBS >

• pwl&ltr.UorreapondeQce soUclted and Information far.

Ished.S. \ . COBBB8PONDSNTB—McKlm Brothert A ro,

C S. UvBRDSB, Prea't. A. K. Walkkb, Cashier

First National Bank,WlLiniNGTON, N. C.

Cnlleetiona marte on all parta of the United State*

TH08. r. miller, R. D. WILLIAMS, JNO. W. MILLERCHAS. B. MlLLEIl.

Thos. P. Miller & Co.,BANKERS,

mOBIIiB, ALABAMA.Special attention paid to collections, with prompt

remittances at current rates of exchange on day oiparment.Correspondents.—German-American Bank. New

York ; Louisiana National Bank, New Orleans ; Bankof LiTerpool, Liverpool.

(;. Jf . PaNZKL, 1 STATE BANK, • ) C. T. Waxkxbl*Te»ident. \ Incorporated 1615, ) Caahler.

German Bank,LITTLE ROCK, ARK.

CAPITAL (Paid-ui) ..$7S,000.SuRPLCs 2£,000.Prompt attention given to alt baslneas In onr line.

K. Y. COBBEapoNDENTa, Donnell. Lawaon A Co.aodhp Metronolltan National Bank.

Financial.

Fred. H. Smith,RANKER AND BROKER,

No. 13 BROAD ST., NKW YOKK.

RAILROAD SECURITIES(An Intimate knowledge of all for the past 10 Years

A SPECIALTY,fnrestors or Dealers wishing to buy or sell are

Invited to communicate. Htate, Municipal andRallwaj Bonds and Coupons bought and sold at bestMarket Kaitos.

N. T. Beers, Jr.,

£EOOKI|N SECURITIES, CITY BONDS,Gas Stocks, dec,

HAS BEHOVED TONo. 1 NEW STBEET,

Mar 1. I»7». NEW YORK.

Financial.

ffB|^TCf(;^:ai*

No. 35 Pine Street, New York.rorchase and sell, on ("nmralsslon, OOVKR.NMKNT,S-TATR, MlTNlch'AI, and UAil.U<)Al> BONDSand 8T()<'K8, and all classes of Socurllics dealt loat the NKW YOUK HTOCK K.XCUANOK, or all

reputable Securities boiiKht and sitld in the OPKN.MAIIKKT. LOANS and COM-VIKKCIAL PAPKRnegotiated. Interest paid on DKl>uiilTS subject tocheek.

WILLIAM B. HATCH.THOMAS H.BOUDKN. KRANK JENKINS.

J.S. Kennedy & Co.,

Baakers aud Merchants,

No. 63 WILLIAM STREET,New York.

BUY AND SELLRAILROAD INVESTMENT SECURITIES;

COLLECT" Coupons and Dividends:

NBQOTIATB LOANS AND DRAW BILLS OFEXCHANQE ON LONDON.

All business relating to the Construction andEquipment of Railroads undertaken.

Financial.

Dickinson Bro's,-BANKERS,

No. ii Exchange Place, Ne^nr York.Stocks, Railroad Bonds, Governments, and all Se-

curities dealt In at the N. Y. Stock Exchange, boughtand sold, either for invefltment or on margin.

Have been connected with mining since the dis-

coverj of the famous Comstock Lode, and also

pioneers In the celebrated Bodle district, In whichare located the " Standard," " Bulwer," '* Bodie,

'

and other well-known mines. Letters and telegramsfrom these districts received dallv. Orders exe-

cuted direct at the San Francisco Stock Exchange

Platt K. Dickinsox. Howard C. Dickinson,Members N. Y. Stock Exchange and N. Y. Mining

Stock Exchange.

John J.Cisco & Son,

BANKERS,No. 59 trail Street, New York.

DEPOSITS UECEIVKD SUBJECT TO CHECK ATSIGHT, ANU INTEKKST ALLOWED ON DAILYBALAKCE8.Gt)VERNMBNT BONDS. STOCKS AND ALL IN-

VESTMENT SECDRITIES BODGHT AND SOLDON COMMISSION.

EDWARD POMEKOV. W. H. COX,JR., 08CAB B. SMITH.

Pomeroy, Cox & Smith,

BANKEKS AlfD BROKERS,

No. 37 BROAD STREET.

l?oodi|t

& So.BANKERS,

68 Broadwar, eor. Exchange Place,

TRANSACT A GENERAL BANKING BUSINESS.INCLUDING THE PURCHASE AND SALE OVSTOCKS AND BONDS FOB CASH OR ON MAR-GIN. BUT AND SELL COMMERCIAL PAPER.

P. O. Box M7.

D. A. BOODT. C. W. HoLXLLAir, JR.Reuben Lxland.

STOCKS and BONDSAt Auction.

The Undersigned hold REGULAR AUCTIOXSAI£3 of all classes o{

STOCKS AND BONDSON

WEDNESDAYS AND SATURDAYS.

ADRIAN H. nVLLER dc SON,No. 7 PINB STREET, NEJW YORK.

BONDS OF SURETYSniPFor OOlcera and Rmplojera of Bank*

and RailiVMrs.No Bank or Railroad Employee Need ark km

Friends to Become ok Continitb HisSuKETiEs, AS ma

Canada Guarantee Co.GRANTS BONDS OK SKCntlTY KOR ALLELIOIIII.K ME.V l.N HITCH I-OMTir>NS AT A

TUlKl.I.Ni; ( IIAIUJK l-EU A.V.NLM.This ccjinpuny's Suretynhlp is atxuptod by manr

<if the principal i;. s. Kailroml Conipaniosand somaof the Hunks. In Canada Its Bi>iids arc now almoetunlTorsally required by the UDvernments, Banks.Railways, and rommcrclal Institutions.

I'HE Canada oijahantek compant latheoiUv( ompaiiy on the American Continent that hassuccessfully conducted this buslncss.-a result ofwhich Is that it has been able to establish a Ilontusvstem for tlioso who have been ',i or more years <mthe booiis, whereby the subsequent premiums areannually rciluce<l.-»if reitiictwn tAls v<«r ii /rem ISto X) prr mil on f/i^ usxtnl rate.The ndvuiitngcs of transacting business with thisCompany are that It Is a well-establi.hed institn-

tiun, and has ample reserves, over and above Itscapital, to provide against excoptiunai roveraes.The most complete and reliable Infnrraatton is ob-tained a.t to the nntecftlrntii of b:rapIoyees,and this lareally of the Ilrht Importunce to the Emploer. asalso the system of perioilical suj>ervlslon and revis-ion of those on the Company's Books.Over tUXl.OOO have already been paid by this Com-

panv for losses by unfaithful employees, vrHhotU agintjle content nt law.The Available Assets of the Company (atSlst Dec, 187!i) over and above uncalledCapital, were |I10,0W

And the Gross Resources (476 4M(See Report to Government to December aoth, 1S78.

Just published.)Prospectus, Forms, &c., may be had on applioa-

tiun to theHEAD OFFICE:

260 t. Jamea Street, Montreal.EDWARD KAWLfNOS, Maiiuger.

H. H. Hollister & Co.,BANKERS AND BROKERS,

NEW YORK AND BALTimORE,Stocks. Governments and .Miscellaneous Securitle*

bought and sold on commission.NEW YORK HOUSE:43 Menr Street.

H. H. HOLLISTEK,Robert B. Holmes, 8. H. Dunan,

Members of New York Stock Exchange.

BALTIMORE HOUSE:21 South Street.H. H. Hollister.

Wm. C. Noyes,21 NASSAU STREET,

BUYS AND SELLSGasllgbt Stncka.

Trnat Conapnnlra' Stocka,Teleijraph Stocka,

Railroad Stocks and Bondaalso.

All classes of Investment and MlseellaneonaSecurities not actively dealt In at the New

York Stock Bxohange.

Geo. H. Prentiss,

24 BROAD STREET, NEW YORK.

CAS STOCKSAND

OAS SECVRITIES.STREET RAILROAD 8T(X;K9 AND BONDS

AND ALL KINDV OF

BROOKLYN SECVRITIES,DEALT IN.

SEE GAS QUOTATIONS IN THIS FAFBB.

Gilman, Son & Co.,BANKERS,

62 CEDAR STREET.In addition to a General Banking Business, bar

and sell Government Bonds and Investment Seourl-

tles.

New York, New England & Western

INVESTMENT CO.,NOS. 31 AND 33 PINE ST.. NEW YORK.No. 19 CON(}UE83 8TRKKT. BOSTON,UNION BUILDING. CHICAGO.

CAPITAI. STOCK, • • $200,000Offers to Investors oarcfnlly-selected securities

bearing from 6 to 8 per cent Interest. Investmentsecurities bought and sold on commission. Settle-ments made for hoMers of defaulted securities.Will act as agents In funding and reorganizing debtsof municipalities, railroad companies, and othercorporations. Correspondence solicited.

John C. short. President, ( »-_ wnrkOsoroeW, Debevoise, V. Pres., (""" '""•Ldcius l. Hl-bbakd, Asst. Vice-Pros., Boston.Wu. P. WAiaoN, iieo. and Treas,, Qt)!$««o.

itr THE (^HRONKILE. iVcL. XXX

Finaneial.

Albert E. Hachfield,19 NASSAU STKKET,

BASEMENT,

D«als In Investmeut Sernrltle* andBnnd* Generally.

IVANTED.Toledo LofEiinsport & Burlington Bonds.Union & LOKansport Bonds.Rome WtitertowM & OKdensburit Bonds.Flint A l*ere Marquette Bonds und Stock.Ind. Bloomlngt'n H. West, tild and New SecuritiesNew York & Greenwood Ijiikc Securtttea.New York & OsweRO Midland Bonds.New Jersey Midland Bonds.

WANTED:LouiSTille New Albany & ClilcaRO RK. Stock.Flint & Perc Marquette Huilroad Bonds.Central Railroad of Iowa Bonds.Port Huron &. Litkc MlctiiKan itallrimd Certificates.Fort Wayne Jacksuii & SuKlnaw RK. Bonds.St. Joseph & WcKtcrn itailroad SecuritiesAtchison & Plki's Peak Rll. Bonds, Stock and Scrip.New Jersey Midland Uuilroad Certidcates.New York A Oswejjo HR. Bonds and Certificates.International & tireut Northern Railroad Stock.Indianapolis &. St. Louis Railroad Bonds.Kansas & Nebraska RU. Bunds and Stock.Indianapolis BloomliiKton & Western RK. Bonds.City, County and Town Bonds of Western States.City of Winona, .Minn., Bonds.City of St. Joseph, Mo., 7 and 10 Per Cent Bonds.City of Atchison, Kansas, Old Bonds.

Win. a. VTLEV, 31 Pine St., N. T

WAKTED :

Alabama, South Carolina 4c I<oalslaiui»ltate Bouda;

Nenr Orlean* JarkKon 6: tit. Nertiiern.mssiawlppl i'eutral, and Mobile

& Oulo Kallroad Bonds ;

CItr of Keiv Orleans Bonds.LEVY ic BOaO,

36 WALL STREET.

H. L. Grant,No. 14S BROADWAY,

NEW YORK.

CITT RAILROAD STOCKS & RONDSBOUGHT AND SOLD.

Bee quotations of City Railroads In this paper.

Gwynne & Day,f£stablislied 1851.1 No. 45 Wall Street,

Transact a Keneral banking and brokeraKe busi-

ness in Railway Shares and Bonds and QoTemmentaecnritles.

Interest allowed on deposits.

Investments carefully attended to.

METROPOLITAN ELEVATEO RAIL-WAY CO., No. TIBKOADWAV, NKW YOKK, IBthMarch, IhHO.—The second tJuartorly Dividend of(«>«) TWO AND A-IIALF PER CK.NT on the Capi.tal Stock of this Company will be paid to the stock-holders of record on and aftc the 1st day of Aprilnext, at the office ot the Central Trust Company ofNew York, No. 15 Nassau street.The transfer bookj will be closed at the said office

at 3 P. M.,on the a4th March, and remain closed till10 A. M. on the 1st April neit.

JOHN E. BODY. Treasurer.

T ITTLE CHIEF MINING CO.IIPANY,-*-' Rooms Nos. m to 57 Boreki, Building.)No. 115 Broadway, New York, .March 15, 1880. (

The Board of Trustees have this day declared aMONTHLY DIVIDEND (No. 2) of ONE Per Cent onthe TEN M1LLI0N«0LLAR.S ($10,003,000) capitalStock of this Company, amounting to ONE HUN-DRED THOUSAND DOLLARS (J100,000), or Fiftytents per Share, out of the second month's netearnings, payable at theCentral Trust Company onthe Zoth Inst.Transfer books will close March 21 and re-openMarch 26. DRAKE DE KAY. Secretary.

rjHRYSOLITE SILVERMINING CO.,^-^Booms Nos. SI to a* Boreel Building, No. 115Broadway, New York. March 18, 1880.

„T.'l.';„J?';''i''"' Trustees have declared a regularMONTHLY DIVIDEND (.Vo. 5) of TWO PKRCENT, on tho TEN MILLION DOLLARS (»10,0(»^

SSS^rTtfl'it'.JI'SK'iJ •'''» eompany. amountintr toTWO HUNDRED THOUSAND DOLLARS (taOO-

fS?.*;?hONK nOLLAR PER SHARK (nCout of ih'eIpurth month s net earnlUKS, payable at the CentralTrust Company, on the 27th of March.

luTr^'cIf ''«»''» w'l'olose March 26, and re-openMarch 30. DRAKE DE KAY, Secretary.

TirESTERN VNION TELEGRAPH» » COMPANY, New York. March 10, 1880.

DIVIDEND No. 51.Tbe Board of Directors have declared a quarterly

dlTldend of One and Three-Fourths Per Cent upontbe capital rtockof this company from the net earn-ings of the three months ending March Slst inst.,payabia at the office of the Treasurer, on and afterthe 15th day of April next, to shareholders ofrecord on the 20th day of March Instant.The transfer books will be closed at three o'clock

on the afternoon of the aoth day of March Instant,and opened ou the morning of the 160j day of Aprilnext. B. n. ROCHESTER,

Treaanrer.

Financial. » Financial.

CLEVELAND COLUMBUS CINCINNATI As

INDIANAPOLIS RAILWAY CO.'»IPANY

CONSOLIDATED MORTGAGE BONDB.In accordance with the provisions of the above

bonds, we, the undersigned, hereby give notice that

the following numbers, vis.:

4703 5887 5744 5826 3867 3889 39006506 4729 4289 5644 6057 5880 58774112 4636 SI87 5534 5183 6225 46815965 4480 4711 5233 5886 4222 45834319 5797 5253 5605 4510 5804 46764366 6174being one |)er cent of twenty-alne hundred and fif-

teen bonds outstanding (Including those paid andheld in sinking fund), plus the interest that wouldhave accrued on the bonfis already redeemed, werethis day de.'*lgnuted, in our presence, to be re-deemed, tftgether with tho accrued interest thereon,as provided in .^aid bonds, at the offit* of Messrs.Drexel, Morgan & Co.. in New York, or attheolficeofMessrs. J. S. Morgan & Co., in London, on the first

day of June, 1880, at which date interest on saidabove-designated bonds will ceaae.Dated March 20, 1880.

HENKY F. VAIL, lnv„...o.CHARLES EDWARD TRACY, {"°"*^*-

J. PIERPONT MORGAN, •

Of Drexel, Morgan &. Co.

Attest: DAVID W. Pbici,Notary Public (81).

iL. 8.] New York County.

'^OTICB IS HEREBY GIVEN THAT^^ the undersigned, as Trustees and Receivers of

the COLUMBUS CHICAGO 4 INDIANA CEN-TRAL RAILWAY COMPANY, will pay on behalf

of tbe said railway company, on presentation at the

office of A. ISELIN 4 CO., No 48 Wall street. NewYork City, the following-named interest coupons in

arrear op mortgage bonds secured on portions of

said company's railroad line, vis.:

Coupons due October 1, 187&, on 7 per cent bondsof Union 4 Logansport Railroad Company.New York. March 24. 1879.

JAMES A. ROOSEVELT,WM. R. FOJDIfK,

Trustees and Receivers of C. C. 4 I. C. Railway Co.

INDIANA BLOOMINGTON *; WESTERN-• RAILWAY COMPANY, NEW YoKK, 25th March,1880.—Coupons of FIRST and SECOND MORT-GAGE BONDS of this Company due 1st April, 18S0,

will be paid at the Corbln Banking Company, No...

115 Broadway.GILES E. TAINT 'R, Treasurer.

OFFICE OF THE IHUIAN APOLI«DBCATUR & SPRINGFIELD RAILROAD CO.

New York, January 15, 1880.

Pursuant to the provisions of the deed of trust,

the Trustees of the First Mortgage of the INDIAN-APOLIS DECATUR 4 SPRINGFIELD RAILWAYCOMPANY have this day drawn the following num-bers of First Mortgage Bonds, to be paid bythe com-pany under the terms of the sinking fund, on thefirst day of April. 1880. to wit: Numbers 4(1.166.190. 239. 320, 322, 423, 4.S1, 547. 603. 681, 700, 1,109 and

l^^rRf^E",^^"STr"..ees.The above-numbered First Mortgage Bonds will

be paid at the company's office. No. 120 Broadway,New York, at par, on the first diyr of A pril. 1H80, andinterest on the same will cease from that day. Thecompany will redeem the above bonds at par andaccrued Interest on presentation on and after thisday. A. DUI*RAT, Assistant Treasurer.

INDIANAPOLIS DECATUR, & SPRING-FIELD RAILWAY CO.—The Coupons due April :,

18^0, of the First Mortgage Bonds of this Company

will be paid on and after that date at the Company's

office, No. 120 Broadway, New York City.

A. DUPRAT, Assistant Treasurer.

UNION PACIFIC RAILROAD COM-PANY.-A DIVIDEND OF ONE AND ONE-

HALF PER CENT on the capital stock of theUnion Pacific Railroad Company will be paid on andafter April 1, 1880, to stockholders of recordMarch 20, 1880.

New York stockholders will be paid at the UnionTrust Company, No. 73 Broadway, and Bostonstockholders at the Com[>any'8 Office, No. 44 Equit-able Building, Boston.Stock books will be closed March 90 and re-opened

April 2.

Holders of certificates of stock in the Union Pa-clflo Railroad Company and the Kansas Pacific Rail-

way Company will notice that the above dividend Is

payable only to stockholders ia the Union Pacific

Railway Company, and that it will be necessary in

order to obtain said dividend that their certificates

be presented for conversion into Union Pacific

Railwoy Company stock on or before March 20.

HENRY McFABIiAND, Treasurer.Boston, March 15, 1880.

OFFICE OF THE EXCELSIORWATER AND MINING CO., No. 31 Broad St.,

New York, March 25. 1880.DIVIDEND No. 25.

The Excelsior Water and Minine Company willpay a Dividend of TWENTY-FIVE CENTS PERSHARE at the office of WELLS, FARGO 4 CO., 05Broadway, on April 5. The Transfer books willclose on the Slst Inst. H. B. PARSONS,

Assistant Secretary.

City of Toledo Bonds,OHIO.TOLEDO, O., March 17, 18S0.

To the Holders of Bonds of the City of Toledo

:

On account of certain Informalities In connectioBwith the issue of the bonds of the city now out-standing for

• CITY WATERWORKS,TOLEDO & WOODVILLE RAILROAD,

nud certain other Bonda of tbe City,

the Common Council has determined to make pro-vision for the payment and retirement of the saidseveral Issues of bonds.

In pursuance of this determination, and in con-formity to the laws of the State of Ohio, an ordin-ance was passed on the 21th day of November,1879, providing for, and authoriilng the issue of, asufficient amount of

New Cunsolidated Fandin; Rondsof the city, having 30 years to run. but redeem-able at the option of the city aiter 20 years, bearinginterest at o per cent per annum, payable semi-annually in tbe City of New York, to cover theseveral Issues above referred to, and to be used Inexchange for the said old bonds; which ordinancewas duly approved and signed by the Mayor; and inpursuance of tbe provisions of the ordinance NewConsolidated Funding Bonds have been duly exe-cuted and issued, and will be exchanged to theamount of such old bonds outstanding only.

The New York, New England & Western

I-\VESTWE.\T CJMP.*1>JV,of Nos. 31 and 33 Pine street. New York, has beenduly authorized and empowered to conduct the ex-change and payment ot such bonds, and toaeliversuch new bonds in exchange for such c)ld bonds, orpay par and accrued interest in cash for such oldbonds, to such holders as may elect to receive thecash therefor in preference to the new bonds.Holders are respectfully requested to correspondwith the above-named company.

Very respectfully,

E. W. LENDBBSON, City Auditor.U. A. CHAMBERLIN, City Solicitor.

SEVEN PER CENT FIRST MORTGAGESINKING FUND BONDS

OF TBEDenver South Park & Pacific KR. Co.,

DUE 1905.

Coupons May and November. Registration ofBonds provided.Principal and interest payable in New York in

United States gold coin of. or equal to, the presentstandard, or in London or Frankfort, at the optionof the holder.Issue limited to $12,000 per mile of completed

road in actual operation.The oflficial returns for the sixmonths ending January 1, 1^0,show net earnings of S46*.i,283 58

The Interest on the bonds for thesame period amounted to 48,720 00

FOR SALE BYWINSLOW, LANIER & CO.,

No. 26 NaHaau street.

FOR CHO.CE

7 Per Cent Mortgages,

ADDRESS

Indianapolis, Ind.

NEW JERSEY MIDLANDFIRST, SECOND AND THIRD MOBT. BONDS

STOCK AND NOTES,

Wanted by

J. S. STANTON, 19 Naisan Street.

Texas Bonds.STATE, RAILROAD, COUNTY AND

nUNICIPAL BONDSBOUOBT AND SOLD.

J. C. CHE^r, 29 BroadivaT.

waStedICltjr, Cosnty and Toivnalilp Bonds

OF THE STATES OP

MISSOURI, KANSAS and NEBRASKA;ALSQ,

All Classes of Raileoad BoNne.

TOBEV tt KIRK,No. 4 Broad Street, New fork.

WAISTED: -All kinds of MISSOURI and ILlAoiS DE-

FAULTED COUNTY BONDS. Highest marketprice paid for them. Give full description, andaddress,

L. A. COOUARD,BANKER AND BROKER,

124 N. TUlrd street, St. Louis, Mo.

temrieHUNTS MERCHANTS' MAOAZINB,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATB3',

(Entered, according to act of Congress, in fUe year 1880, by Wm. B. Dana & Co., In the office of tlie Librarian of Congress, Washington, D. C.)

YOL. 30. SATURDAY, MARCH 27, 1880. NO. 770.

CONTENTS.THE CHEONICLE.

Savings Banks Expendituresand Trustors 307

Mr. Gould ae a Railroad King 308Excessive Conrorate Taxation 309Hartiuauu and tlio United8tot«« 310

THE BANKBK8' GAZETTE.

Latest Monetary and Commer-cial Eni^listi News 311

Commercial and MiscellaneousNews 313

Money Market, U. 8. Secnri-ti«s, Railway Stocks, ForeignExchange, New York CityBanks,etc 31.')

QuoteUonsofStockB and Bonds 318Local Securities 319Investments, and State, Cityand Corporation Fiuanees... 320

THE COMMERCIAL TIMES.Commercial Epitome 323 i Diy Goods 330Cotton 324 I Imports, Receipts and Exports 331Breadstiifis 329

|

Thb Commercial and Financial Chronicle is issued every Satur-

day morning, with the latest news up to midnight of Friday.

[Entered at the Post Office at NewTork, N. Y., as second-classmail matter.]

TERMS OF SUBJCRlPTiON-PAYABLE IN ADVANCE:For One Year (including postage) $10 20.ForSixMouthB do 6 10.Annual satiscription in London (including postage) £2 7b.

Six mos. do do do 1 8s.

Subscriptions will 1)6 continued until ordered stopped by a writtenorder, or at t/ie publication f(ffice. The PublisherB cannot be i-esponsiblefor Remittances uuRss made iiy Drafts or Post-Oflice Money Orders.

IjOiidon Office.The I>ondon office of the Chrokicle is at No. SfAustln Friars, Old Broad

Street, where subscriptions will be taken at the prices above named.AdTcr I Isementai.

Transient advertisements are published at 25 cents per line for eachiustsrtion, but when detinite orders are given for five, or more, insertions.a lil>eral discount is made. Special Notices in Banking and Financialcolumn (iO cents per line, each insertion.

WIIXIAM H. DANA, 1 WILLIAM B. DANA & 00., Publishers.R. i 79 & 81 WiUiam Street, NEW YORK.

Post Officb Box 4592.JOHN U. FLOYD, JR.

^p" A neat file cover is furnished at 50 cents ; postage on the same is

18 cents. Volumes bound for subscribers at $1 20.

jy For a complete set of the Commercial and Financial Chroni-cle—July, 1805, to ilate—or Hunt's Merchants' Magazlnb, 1839 to1871, iucjuire at the office.

BT The "General Qaotations of Stocks and Bonds," occapy-

ing sii pages, and heretofore published in the Chronicle on the

last Saturday in each month, will hereafter be published the

first of each month. These quotations will be published in, the

same issue of the Chronicl? as the " Financial Review of the

Month," giving t^e highest and lowest prices of stocks, &c.,

and will appear otfthe first Saturday in each month. Pursuant

to this arrangement, the " (Jeneral Quotations" are not in the

Chronicle to-day, but will be published next week, April 3.

SAVINGS BANKS EXPENDITURES AND TRUS-TEES.

SnperinteBdent Lamb has jast transmitted to the

Assembly, in response to an inquiry by resolution, the

substance of the replies received by him in answer to his

circular of last September, addressed to the savings

banks, relative to alleged illegal expenditures. The total

amount of expenditures found and not considered

authorized is $309,112. The Albany dispatch gives a

schedule of " a few of the most conspicuous examples of

freedom in the use of depositors' funds " in case of

eighteen banks, all but two of which are in this city or in

Brooklyn. Three-fourths of the expenditures named^refor grataiiifs to employes and officers, and in some of

the best banks this proportion equals or exceeds nine-

tenths; the .rest is for portraits of trustees, entertain-

ments, etc.

We admit freely and commend heartily the present

Superintendent's skill and fidelity, by which, aided by a

good law, he has made State supervision, in one branch

of it, a real service and a sharp contrast to the debauch-

ery which has overwhelmed it in the other. And yet

we must express very serious doubts whether inquiries

of this sort are not, or are not likely or liable to be,

poshed with an excess bf zeal, not wisely directed, and

possibly productive of more harm than good. Respect-

ing entertainments, there will be no dispute anywhere

about their impropriety—subject to such explanatory

and justifying circumstances as may exist in particular

cases—or about their being contrary to law.

So-called "gratuitits" are another matter. In the

merely legal view, it wculd seem that the nec-

essary power to regulate salaries, vested in trus-

tees, must (over ibe power to determine time and

manner of such compensation as well as amounts; hence

that such payments cannot be contrary to law. We do

not care, however, to discuss that point, because the

purely legal question is not the important one as respects

these items. The word is a misnomer as applied to them.

The 15,000 given in 1864 to the Sanitary Commissioo

we regard as a questionable expenditure, and there are

doubtless other individual instances that would not seem

justifiable to business men generally; but as a class

" gratuities " to employes 6annot be reasonably con-

demned. A payment of $550 to a policeman whoarrested some burglars may have been wise.

As for these payments in general, they are not gratuities

at all, but rewards of good service and incentives to its

continuance, or temporary additions to salary which, for

good reasons, it is thought best to make in that way,

particularly when (as during much of the time covered)

there has been a wide change in living expenses. In

fact, there is hardly a corporation or even a private busi-

ness firm that does not make " gratuities " or presents to

certain employes now and then, there appearing good

reasons for so doing rather than making a permanent

advance of salary. What is thus done, at discretion and

for good business reasons, in our private affairs, may be

equally wise in savings banks for just the same reasons,

and ought to be within the discretion of trustees. The

308 THE CHRONICLE. [Vol. XXX,

Seamen's Bank, for insiance, appears to have paid

#4,625 "to deceased veteran officers " in 1872-79, and

$16,080 to employes in 1865-72; its trustees are among

the most substantial and conscientious of our business

men, serving without compensation, and an expendi-

ture of 120,000 in course of 14 years, we presume,

may safely be taken as not having been permit-

ted by them without sufficient reasons. Even the por-

trait business, although admittedly liable to abuse and

better let alone, is not wholly without a plea in its ex-

cuse, in the fact that the purchase of a portrait may be

a mode of honoring men who have given valuable time

and effective use of trained faculties, the "gratuity" in

the case having been from and not to them. The fact

is that it is easy to condemn these things sweepingly off-

hand, but that the circumstances and reasons in each

case are not on the surface and are hard to communicate,

wheras the fact of the expenditure is a matter -of record.

What we have repeatedly urged about the inexped.

iency of too closely hampering trustees in investments,

expenditures, and routine details, presents a view that

ought never to be overlooked. Restriction is good, but

it can be pushed too far. If trustees are to have no dis-

cretion left them, their places might as well be filled by

dummies; the substantial business men, whom it is a

prime point to interest in savings-bank management,

may naturally conclude that it is not worth while for

them to leave their own affairs for the purpose of taking

part in it, if the law is to prescribe exactly what invest-

ments they shall make and exactly how they shall con-

'dtict every detail. If their judgment is not to have

room to act, their presence and their names may better

be absent, for the former will be only a disturbance of

their time, and the latter will serve to deceive the public

by a profession of service which is not real.

It is unwise, therefore, in our judgment, to risk dis-

gusting this class of men and diverting their interest from

the savings banks. At least, if there is any intention of

acting upon the opinion of the Attorney-General—that

restitution of the money unlawfully expended should be

made by the trustees, and that it is the Superintendent's

duty to demand such restitution—we must deem the

attempt especially to be deprecated, because it could

not be practically successful, and because Stirling up

these old transactions publicly may tend to excite dis-

trust. There is no need of interference. The Legisla-

ture would do wisely to let the savings banks alone,

neither altering the law nor disturbing the Superintend-

ent On the other hand, the other field of State super-

vision—that of insurance—is in crying need of atten-

tion, and the politician who has brought it to the last

depth of prostitution is as yet holding his place.

MB. GOULD AS A RAILROAD KINO.The report was current the early part of the week of

a combination of the Cincinnati Hamilton & Dayton,

Clevelani Columbus Cincinnati & Indianapolis, In-

dianapolis Cincinnati & Lafayette, and Ohio & Mis-

sissippi, aggregating 1,622 miles, in the interest of

Mr. Jay Gould. That report was subsequently denied;

but it seems to be true in one particular at least,

namely as regairds a combination of the ClevelandColumbus Cincinnati & Indianapolis with the Cin-cinnati Hamilton & Dayton, by the purchase of acontrolling interest in the latter by the former, thoughit does not yet appear that this was made in the interest

of any one in particular, but rather in the interest of theroads concerned. Still, whether Mr. Gould has obtainedor is seeking further expansion of his railroad system in

the direction mentioned or not, we may be sure of onething, and that is that his railroad plans are still unfin-

ished. The force of this statement will be better under-

stood if we have in mind the incompleteness as well as

the completeness of the present system.

Almost anyone who reads the papers is aware that

Mr. Gould baa been making important acquisitions

during the last twelve months, but there are few, even

among those well informed on such matters, who have

an adequate idea of the magnitude of the confederation

of roads now controlled by him. For the purpose of

indicating what routes are under his management, wepresent below a brief but very interesting summary of

the lines he is now operating, either directly or indi-

rectly, giving the leading characteristics of each. It has

been our aim to embrace all the companies under his

control; but in cases where the ownership was not

apparent the lines have been omitted. It is quite pos-

sible, therefore, that some minor roads should be addedto the subjoined exhibit.

Wabash St. I^uis & Pacific ...; 1,930 miles.By this system control is secured of

—

A direct line between Council Bluffs and St. Louis.A ciruuitous line between Council Bluffs and Toledo.An almost direct liu» between Kansas City and St. LoiUs.A line between Kansas City and Toledo.A line between Kansas City and Chicago—Chicago, how-ever, would have to bo reached via St. Louis, a veryroundabout route, unless the Missouri Kansas & Texaswere used between Moberly and Hannibal, and con-nection made by way of Springlield and Bement, andeven this would still be a vei-y uidirect line.

A pretty direct line between St. Joseph and St. I>ouls.

A tolerably direct line between St. Louis and Chicago,and between St. Louis and Toledo.

Toledo Peoria & Waiisaw 247 "Affords a line from Burlington and Keokuk to IndianaState line, connecting with the Wabash at Lafayetteby means of the Cincinnati Lafayette & Chicago.

Missouri Pacific 554 "This road gives a second line between St. Louis andKansas City, and between St. Louis and St. Joseph,and was probably secured to avoid competition.

MissoDKi Ka>sas & Texas 794 "Connects the Wabash system and the Kansas Facilicand Missouri Facilic with the Texas &. Paeiflc.

Texas & Pacific 444 "To be extended so as to connect with Southern Paoiflcand form a new trans-Continental line.

Union Pacific (Consolidated line) 1,825 "" " Koads controlled by con-oUdated company,

including Central Branch Union Pacitlc, St. Joseph& Western, Utah Southern, Utah tt Noithem, Col-orado Central, &c 1,597 '<

The Union Piiciflc (original company) gives a direct linebetween Ogdt-n and Council Bluffs, there connectingwith Waba.sh system for points already mentioned.

The Kansas Pacillc is a direct line between Denver andKansas City, connecting at the latter point with theWabash and Missouri Pacific for St. Louis, Chicago andToledo.

The Denver Pacifte connects the Kansas Paclflo at Den-ver with the Union Pacific at Cheyenne. ^

The Colorado Central is a parallel line to the DenverPacific.

The Central Branch Union Pacific is chiefly importantbecause if it were not iiuluded in the system it wouldbe a competitor for a portion of the Kansas iraftlo.

The St. Joseph <k Western connects St. Joseph with theUnion Pacific at Grand Lsland .

The Utah & Northern and the Utah Southern are roadsextending north and south, the former northward fromOgden, y. T., through Idaho, and the latter southwardfrom Salt Lake City.

Denver &KIO Granue 329 "From Denver southward, almost entirely through Colo-rado.

Denver S«UTH Park & Pacific 114 '•

Road completed from Denver to Bueua Vista, CoL Ex-tension to Leadville in progress.

Total miles now controlled 7,864 miles.

Roads shortly to be included

:

Missouri Iowa <St Nebraska 113 "Iowa Cbniral—Aibia to Northwood 191 "

Total 8,168 miles.

Even a glance at the foregoing synopsis will suffice to

impress the reader, not only with the comprehensiveness

of the system, and the compactness of the organization,

but also with the fact that vast as the system is, it still

lacks connection with one or two important points. The

number of miles embraced, if we include the Missouri

Iowa & Nebraska and Iowa Central roads, which it i«

expected will shortly be brought into the Wabash con-

solidation, is, it will be seen, 8,168, about one-tenth of th«

entire mileage of the United States. It is safe to say

that, as far as mileage is concerned, this is the largert

combination of roads in the control of anyone individuil

or corporation in the world. The Pennsylvania gyste*

I

rARCH 27. 1880] THE (^HHONICLK. 309

comprises about 5,400 miles. If the Vanderbilt roads,

New York Central, Lake Shore, Michigan Central, and

Canada Houthern—which, though not directly controlled

by Gould, are yet operated in close connection with the

same system—are added on, we have a total of 11,549

miles virtually under the same management. This is

equivalent to more than one-eighth of our total mileage.

But the Gould system is sufficiently gigantic even

•without the Vanderbilt roads. Beginning at Ogden, it

extends eastward, reaching such important points as

Omaha, Kansas City, Su Louis, Chicago, and Toledo,

and a host of minor cities. By means of the Missouri

Kansas & Texas and the Texas & Pacific, points as far

south as Dallas in Texas are reached. In some States

almost all the leading lines are under bis management.

Take, for instance, Kansas. Here he has a formidable

competitor ib the Atchison Topeka & Santa Fe, but all

the other important lines, such as the Kansas Pacific,

Central Branch Union Pacific, and the St. Joseph &Western, are m his hands. In Missouri, if we omit the

St. Louis & San Francisco, which runs in a southwesterly

direction from St. Louis and therefore does not compete

for the same traffic, and the Hannibal & St. Joseph,

which it may be assumed is not inimical to the Gould

interest, he controls every east and west line in the

State except the Chicago & Alton. In Colorado he

absolutely controls every mile of railroad except what is

owned by the Atchison Company. Even the Utah

Southern and the Ulah & Northern, as far west as

Utah and Idaho, are under his authority, through his

ownership of Union Pacific.

But with all this extent of road there still appear to be

a few gaps which need filling up. And first we are

struck with the fact that the system furnishes no

feasible connection between Omaha and Chicago. The

Chicago & Strawn, lately completed, supplies the miss-

ing link between St. Louis and Chicago, and there is a

pretty direct line between Omaha and St. Louis, but no

one would ever think of gfing to Chicago from Omahaby way of St. Louis. Either of the existing roads between

these pointti—the Chicago Burlington & Quiocy, the

Chicago Rock Island & Pacific, or the Chicago & North-

western—might be used. But these are all prosperous

roads, a majority interest in either of which could only

be had for a veiy large sura, and it has not been Mr.Gould's policy hitherto to purchase prosperous and sol-

vent corporati ns. Be>ides, there is a much simpler wayof obtaining a cennection. As staled above, the Missouri

Iowa & N<.bra>k;i, completed from Keokuk to Corydon,

has been acquired, and is to be brought into the Wabashconsolidation. By extending this road 100 or 150 miles

westward to meet the Omaha division of the Wabash,and using the Chicago & Strawn and Toledo Peoria &Warsaw, between Chicago and Keokuk, a line would be

obtained between Chicago and Omaha. To be sure, the

line would be far from direct, but Mr. Gould could

throw a large volume of traffic over it, and it wou'danswer very well for a time at least. Besides, this line

might be used to shorten the distanae between Omahaand Toledo.

It will also be observed that the Gould system of

roads has no connection of its own with Louisville, Cin-

cinnati, and Cleveland. It is this fact that gave unusual

prominence to the report mentioned at the beginning of

this article, and which gained for It general credence at

the time ; for if the roads named in the report shouldbe acquired, the Wabash system would come into pos-

session of direct routes to Cincinnati and Cleveland.

The reference to a connection with Cincinnati, over the

Ohio & Mississippi, was the most important part of the-

rumor. The Ohio <t Mississippi is very favorably

located, being the shortest line between St. Louis andCincinnati. It would be a very desirable acquisition to

the Wabash, and yet it seems almost indispensable to

the Baltimore & Ohio, in whose interest it is now oper-

ated. Perhaps we have in these facts an explanation

for the repeated and violent fluctuations, of late, in the

stock of this road.

Such, in brief, is a description of the combination of

roads now under the control of Mr. Gould, and the

particulars in ^\hich the system still seems imperfect.

Any further expansion will probably be eastward, or to

secure connections with the points referred to above.

It is possible, also, to add one or two feeders in th«

far Northwest. Indeed, the acquisition of the Iowa Cen-

tral would appear to be a ro ive in that direction. Run-ning directly north and south, through the rich Slate of

Iowa, it should, when the link necessary to connect it

with the Missouri Iowa & Nebraska has been construc-

ted, prove a valuable adjunct to the Wabash system.

EXCESSIVE CORPORATE TAXATION.During the past week the subject of the recent decision.'

of the Supreme Court relative to taxation of national bankshares has been considerably discussed in financial circles

here, the point of inquiry being the immediate effect, of

the decision upon the city tax list. As we reviewed the

whole subject editorially, three weeks ago, and also gave

in full, last week, the letter addressed to the banking

interest by Mr. Williams, it is unnecessary to say anything

more of the merits, of the case or of what the decision

appears to establish.

Since we last wrote on the sujjject the inquiry has been

raised whether the banks contemplated an action to r^r

cover the* taxes since 1866, now declared improperly paid^

Mr. Tappen, chairman of the special committee of the-

Clearing-House appointed with reference to this decision,

is reported as having disclaimed such intention, as far as-

he knew, and as having expressed the opinion that sucii

an attempt would have no grounds for success. In this

opinion we should fully concur, because the taxes already

paid were assented to without protest, in the belief that,

there was no escape. It is a quite well-established legal

principle that money paid in ignorance of fact can be-

recovered, but as every man is supposed to know the law,.

moneys paid in ignorance of the law cannot be recalled.

Besides, the banks are doubtless satisfied with deliverancQ-

for the future from inequitable burdens and are willing to-

let the past go. Whether any attempt will still be made-

to continue those burdens is uncertam, but an Albany dis-

patch of Wednesday last says that the joint special com-

mittee on taxation have prepared a bill—which hadalready passed the Senate unanimously—extending from

April 30 to June 30 the time within which the assessment

rolls must be completed, the object being to give the

assessors opportunity to avail themselves of any remedial

act which may be passed in the interim.

Without raising the question whether State banks can

secure the benefit of this decision, it is enough to knowthat its effect is to strike off at the least some 60 millions

from the already fragmentary assessment roll of personal

property in the city. The farcial results of the attempt to

tax personal property are notorious ; we have often cited a

few illustrations of this, never having had space enough at

disposal to refer to more than one in ten of the glaring in-

stances given in the annual reports of the State assessors.

In 1879 the banks paid as city taxes nearly 2 millions on

some 65 millions of taxable capital A year ago the as-

SIO LHE CHRONICLE rVoi. XXX.

sessors' report said that in Albany the banks pay 58 per

cent, and in this city they pay 36 per cent of all taxes col-

lected on personal property. In 1878, the State taxes on

this entire city, on an equalized valuation of 1,293 millions,

were only 3f millions, which was less than three-quarters of

a million more than the banks here alone paid to the Fed-

eral government and the Siate, on 1,232 millions less cap-

ital ; the national banks here paid more taxes than all the

State taxes collected in the whole State, outside of NewYork, Kings, Westchester, and Albany counties. The

Bank of Commerce alone paid on $10,048,000 a tax of

$264,205 to the State and city—more than was paid by all

the insurance companies of the city except the life com-

panies.

All this is in its way illustrative of the inveterate disposi-

tion, shown in many instances, to burden corporations with

special taxes, as being always proper objects of statutory dis-

crimination. The bills proposed at Albany, and discussed in

these columns only a week ago, are recent instances of this

disposition. "We have another prominent illustration this

week in the announcement that the Governor of Califor-

nia has signed the " revenue and taxation " bill, providing

for the taxation of savings-bank deposits, mortgages and

capital stock of corporations. Such laws, certain to be

discriminative and confiscatory, more or less cause the

depression of savings deposits, and check the growth of

banking and other corporations necessary in the develop-

ment of the industries of the country. However hateful it

may appear to the " Sand lots " and sans culottes classes,

capital does not take kindly to confiscation; it will not

respond to the standanddeliver cry while it has the

resource of running away left it. Eighteen months ago

[Chbonicl*, August 10, 1878, page 133] we showed that,

in the two and a half years then just passed, there had

been a reduction of sixteen millions in banking capital in

this city; and within the past four years it is safe to say that

one-fourth of the banking capital of the city has been driven

out. We then said, of the fact that this reduction means, with

other things, a large reduction in ability to loan :" Just

" now, with money begging for employment, this fact is

" not appreciated ; but times will not always be as now.

" Borrowers will be active again, and lenders the object of

" earnest quest ; meanwhile, there is a strange incompre-

" hension of, or indifference to, the fact that this process

" of corroding bank capital is really a destruction of our

"machinery of exchanges. If it is allowed to go to

"pieces now, because not needed now, to reconstruct it

" when it is needed will not be easy and speedy."

This easy prediction may more readily be appreciated

now that the monetary condition has changed. Kearneyism

is not wanting east of the Ohio, and it is always understood

as settled that any movement upon corporations is neces-

sarily popular. To no little extent this idea works in legis-

latures, particularly when the subject of taxation is up andthere seems to be an opportunity to relieve " the people" bydumping the burden of governmental support upon cor-

porations;but perhaps the moving cause is the shiftless

and lazy habit of dealing with taxation. That subject is

intricate and unattractive;

it is a part of disagreeable rou-

tme and involves some application ; hence the averagemember—particularly if he comes from the rural districts,

where corporations are few and small—catches eagerly atthe notion of thrusting a scoop into the " vast accumula-tions" of city corporations, handy to reach, too clumsy torun and too big to hide, belonging to nobody in particular.

Let us "pass a bill," which anybody can write out in tenminutes, and the thing is done—the bother is over for this

year, and we can turn attention to the more congenial w<^kof party planning for the next campaign.

But the " corporations " are not plucked in the mannersupposed. There is no pile of capital belonging to nobody.

Surplus and capital stock in banking diminish; undue exac-

tions upon savings banks and insurance are put back onthe community, in obedience to financial laws, and the

whole commonwealth suffers injury. The evils of bad taxa-

tion only increase with continuance, and they must be reme-

died. New schemes for corporation taxes will carry us from

rather than towards the right course, unless by the reac-

tion which follows a very bad error.

HARTMANN AND THE UNITED STATES.The refusal of the French Government to yield to the

demand of Russia and deliver up Hartmann, the alleged

Nihilist regicide, has already led to some peculiar com-

plications. It is a circumstance not without deep signifi-

cance that Prince OrloS, the Russian Ambassador, hur-

riedly left Paris," without first attending to the usual for-

mality and waiting on the President. It is not wonderful

that conduct so strange and so unusual should have occa-

sioned a certain amount of uneasiness in the public mindof Europe, and that it should now be rumored that General

Chanzy is about to be recalled from St. Petersburg. Anopen rupture between France and Russia would be rather

a curious spectacle in the present divided and imperfectly

balanced condition of aSairs on the continent of Europe.

The question, as it cow stands, between Russia and

France is confessedly a delicate one. It was natural

for the Russian government to expect that a

friendly government would refuse to harbor a mur-

derer and would-be regicide. On the other hand, it was

natural for a government founded, as that of France is, on

the will of the people, to show an unwilhngnesa to re-

fuse the rights of asylum to a political offender, until it

was proved that ho had been implicated in cnmes which

excluded him from any claim to such protection. There is

certainly strong presumptive proof that Hartmann was

one of the leading conspirators in connection with the

dynamite affair at the Winter Palace ; and it would appear

that the Russian government are in possession of evidence

which connects him with the railroad explosion of a previ-

ous date. How much evidence was placed in the hands of

the French government we have no means of knowing. It

does not appear, however, that that government acted with

any wilful unfairness, or that their conduct in the matter

is open to any legal objections. The question was sub-

mitted to the judiciary; and the decision of that body was

that the evidence against Hartmann was not such as to

justify either detention or surrender.

At the same time it is difiicult to resist the conviction

that popular sentiment in France had much to do with the

course which the government found it convenient to fol-

low. If the empire had been still in existence, or if the

reins of power had been as yet in the hands of MacMahon,

the government might have been less amenable to a popu-

lar sentiment which is in sympathy with assassins and re-

gicides ; and the judiciary, with the same evidence before

them, might, with equal ease and unanimity, have come to

an opposite conclusion. There are, indeed, many persons,

well qualified to judge, who are of the opinion that the

course pursued revealed a weakness on the part of the

French government, and that the refusal to detain or

surrender the accused, was a concession to the revolution,

ary spirit. If, in place of finding his way first to Paris,

he had turned up in Berlin or Vienna, or even in London,

there can, we think, be but little doubt that he would, at

least, have been detained until all doubt had been re-

moved as to the justice of the course to be followed;

and it is a significant fact that he had hardly arrived in

March 27, 1880.J THE CHRONICLE. 311

London when the authorities in Paris were in possession

of evidence which would liave justified his detention.

It has been rumored that Hartmana meditates a visit to

this country, or rather that he proposes to come here to

claim tlie benefits of a secure asylum. How much of

truth there may be in the rumor we kftow not. It will be

diflBcult for him in any part of Europe, after the infamous

notoriety he has acquired, to escape from the vigilant eyes

of the police; and it would not bo wonderful if he should

conclude to cross the Atlantic and join the happy brother-

hood, presided over by the Swintons, the Schwab.s, and

the others. As the case now stands, it might be doubt-

ful what answer the government would make to

Russia's demand for his extradition. Had he come

here in the fii-st instance, and before he turned up

in Paris, unless we greatly mistake, our worthy Sec-

retary of State would have had but few and slender

scruples, indeed, to hand over such a fellow to the

tender mercies of the Russian government. Nor do we

think that in so acting Mr. Evarts would have been with-

out the sympathy and support of the American people.

The truth is we have no place here for such men as Hart-

mann. It is characteristic of all such people—of the

whole tribe of Nihilists and Communists—that they can-

not live without a grievance ; and where there is no griev-

ance they must create one. Here we have no grievances

on which those social vultures can feed. Here, therefore,

they can only be a disturbing element, and a hindrance to

progress. There is but little danger that our government,

if placed in similar circumstances, would be tempted to

betray the weakness which that of Franco has revealed in

this Hartmann affair. We care little for kings or em-

perors as such ; but we concede to others the rights which

we claim for ourselves; we honor law, order, good govern-

ment, however established and maintained ; and we have

certainly no sympathy with incendiaries, assassins, and

would-be regicides. Our advice to all such, therefore,

would be—stay on the other side.

pXottctavijiCCoiiiiucvcial gugllslt ^nxfs

KATES OP EXCHANGE AT LONDON AND ON LONDONAT LATEST DATES.

EXCHANGE AT LONDON—Makcii 4. EXCHANGE ON LONDON.

LatestOn- Time. Rate. Date. Time. Rate.

Farls Short. 23-20 ®25-30 Mar. 4 Short. 25-2412Paris 3 mos. 25i2hS>25-i7hAmsterdam . Short. 12-1 ®12-2Amsterdam

.

3 mos. 12-;>Jfl ®12-4 Mar. 4 Short. 12 04Berlin " 2062 ®20-e5 Mar. 4 Short. 20-46Hamburi; . .

.

n 20-62 ®20-65Frankfort . .

.

" 20-62 ®20-65Vienna tf 1200 'a)12-05 Mar. 4 3 mos. 117-90Antwerp ** 25-47'a325-52ii2 Mar. 4 Short. 25-26Genoa " 2S-52ia®28-57>a Mar. 4 3 mos. 27-UOCopcnhaKCn. " 18-38 ®18-42Madrid " 47%®48Cadiz " 47%®48Lisbon 90 days 52%®52'8Alexandria.. Mar. 4 3 mos. 96i2New York... Mar. 4 Short. 4-85Bombay .... 60 days Is. 7'ed. Mar. 4 4moH. Is. 6%!.Calcutta .... "

Is. T'gd. Mar. 4 Is. 8"«d.Bong Kong.

.

Mar. 4 '1 36. 9 led.Bhangbai.... .... -Mar. 4 "

58. l»8d.

(From our own correspondent.

I

London, Saturday, March 6, 1880.

The principal feature in the money market during the weekhas been an increased scarcity in the supply of floating capital

in the open market, but considerable payments on account of

the imperial taxes continue to be made, and the facilities of theBank of England for transacting a large discount business havebeen augmented. This week's Bank return shows that theapplications for accommodation at the Bank have been upon avery large scale, the increase under the head of "other securi-

ties" being as much as £2,920,262. The Treasury balance has

also been added to by £1,694,114, and the total is now £9,926,862,

against £8,898,980 last year. This increase in perhaps partly

doe to the Treasury loan for which tenders were received onTuesday, bat it has also been caused by the eflforts which havebeen made to collect the taxes now doe, so that the Chancellor

of the Exchequer may be able when he delivers his Budgetspeech to present a.** f^atisfactory a statement as powible before

the country. This is the more necessary jnst now, as we are

bound, sooner or later, to have an election thLs year, and as

t])ere is less political excitement, and a greater desire for do-

mestic legislation, to be able to point to an improved financial

position will be of very considerable importance to the Govern-ment. The circalation of notes has increased, bat coin continaes

to return from provincial circulation, and the supply of bullion

has been further augmented. The total supply of bullion is

now £28,515,985, against £32,614,558, while the reserve of notes

and coin amounts to £16,561,320, against £18,280,613 last year.

The proportion of reserve to liabilities, owing to the-increase

in the latter, has declined from 50'19 per cent to 45*77 percent.

It is understood that the inland bills which matured onThursday, the "fourth" of the month, were heavier than for

some time past, and there is con^quently substantial confirma-

tion of the belief that the trade of the country continues to

improve. A few years ago considerable importance wasattached to the "fourth" of the month, but since Collie's

failcire, and the restriction of the home trade, the day haspa.ssed over without any special feature presenting itself. The"fourth" of March and the "fourth" of October, being

respectively at the commencement of the Spring and Autumn,were special occasions for an extra [demand for money, andthere now seems to be some reason for believing that to those

periods more significance will hereafter be attached. It is verysatisfactory to notice that, notwithstanding many adverse cir-

cumstances, and, prominently, agricultural poverty, the trade

of the country continues to improve, and it is fair to claim that

if we show signs of recovery under such conditions we shall

make important progress, if the season should prove, as seems

probable-, to be a more fortunate one. One good harvest wil[

only assist in, or be one step towards, recovery, for one goodsea-son can scarcely restore the farmers to their formerpositicai,

after five bad seasons, any more than one swallow can make aSummer. The farmers throughout the country are in adeplorable state, and it is feared that, notwithstanding the

weather is all that can be desired, the land will be ill-cultivated,

partly from want of capital. There are hopes, however, that

the weather will continue seasonable ; that farmers'will produce

crops which are most likely to pay ; and that the most serious

difficulties have now been overcome. But between the present

time and next harvest is a long period, and during that period

farmers will have only a few crops to dispose of, and vfill not

therefore, be able to augment very materially their purchasiag-

power.

According to the Bankers' Clearing-House return, the

amount of bills and checks which passed through the Clearing-

House on the account of the last Stock Exchange settlement

was £52,767,000, against £54,444,000 at the previous settlement,

and comparing with only £33,288,000 last year. It is seen,

therefore, that Stock Exchange business is very active, andthere still appears to be confidence in continued activity. Thenews from St. Petersburg is certainly a cause for anxiety, but

the German Emperor's speech and the very friendly act of His

Majesty dining with the French Ambassador at Berlin have

given confidence, great importance being attached to the event.

The German people, situated as their country is, are naturally

desirous of living on terms of peace and friendship with their

neighbors, and the assurance of their sovereign that Germanydesires peace above all things has removed much anxiety from

the minds of all European people. The domestic troubles of

Russia are undoubtedly very serious, and apprehensions have

existed that, as was the case with France nearly a century ago,

domestic troubles would be smothered by foreign wars. Thecase is, however, different. France was then all-powerfal in

Europe, but now Germany and Austria form an iron cordon to

Russian aggression which it would be dangerous to attempt to

infringe upon. Germany also has made, it would appear, a

friend of France, and Russia is without means. These facts,

together with cheap money, cheap food and seasonable

weather, promote confidence both on the Stock Exchange and

in mercantile circles.

The railway traflic retains continue very satisfactory, the

312 THE CHRONICLE. fVoL. XXX.

total receipts for last week on the seventeen principal nnder-

Ukings being, on 12,602>6 miles, £1,003,460, against £917,389

last year on 12,390)6 miles, showing an increase of 212 miles

and of £86.071. These figures, as well as those of the Banlters'

Clearing-House, which for the week ended March 3 amounted

to £156,886,000, against £125.043,000 in 1879, are ample evidence

of the fact that satisfactory progress is being made. In a few

departments the speculative rise in prices has not been main-

tained, but this is not of much importance. In the Autumn,

speculation was wildly conducted, but there is now a st^dy

increase of legitimate trade.

The money market was decidedly firm in the earlier part of

the week, but a quieter feeling now prevails, and the best three

months' bills are taken at 2?i@2J^ per cent. Now that the

•fourth" of the month has passed there are fewer bills in the

market, and consequently less demand for accommodation.

The following are the present quotations for money

:

The following are the current rates of discount at the prin-

eipal foreign centres

:

Openmarket.Pr. ct.

Bankrate.

Pr. ct.

Paris 3 2^S2\Brussels 31s 3 ^3H/Amsterdam 3 2%®3Berlin » 2 '3t2UHamburg 3 l''e®'.;'8

Frankfort 3 2i6a238Qenoa 4 4Geneva 4 3^9i

Bankrate.Pr. ot.

46

ViennaSt. Petersburg . .

.

Madrid, Cadiz &Barcoioua 4

Lisbon & Oporto. 6Copeuliageii 3'3S4Calcutta 6New York

Openmarket.Pr. ot.

3Hi93H5>s«6

4 «55>a®63>a«4

Per cent.3

Open-market rates— Per cent.

4 montbs' bank bills 2''8®3

6 months' bank bills 3%aoH4 & 6 montlia' trade bills. 3»a3'4

Bank rat«Open-market rates

—

30 and 60 days' bills 2!Sja27a

3 months' bills 2% *2'b

The rates of interest allowed by the joint-stock banks and

discount houses for deposits are subjoined :

Joint-stock b.tnksPiscount houses at call

Do with 7 or 14 days'

Per cent.

222I4

notice

—

Annexed is a statement showing the present position of the

B*nk of England, the Bank rate of discount, the price of Con-

sols, the average quotation for English wheat, the price of

Middling Upland cotton, and the Bankers' Clearing-House

return, compared with the three previous years :

1879.1880.

Ciroolation, including *Bank poRt bills .... 27,236,251

Public deposits 9,926.862Other depo.Mis 25,971,140Oovernnrtspouritles. 16.532,024Other securities 21 ,344,230Ees've of notes & coin 16,561,320Coin and bulliou Inboth departments.. 28,51.'>,935

Projwrtion of reserveto liabilities 4577

Bank rate 3 p. c.

Consols 97'8Ene. wheat, av. price 43s. Od.Mid. Upland cotton .

.

l^ie^

29,629,2868,898,980

29,355,75414,963.60623,719,03018,280,613

1878. •

£27,209,42010,140.19321,41:!,48015,575.68822,174,53312,476,657

1877.

£27,649,8328,290,675

22,235,17215,988,17619,049,11811,086,465

32,614,553 24,336,777 56,434,255

47-42 39-17 45683 p. c. 2 p. c. 2 p. c.

9«Vj 9514 96I3

38s. Od. 50s. lOd. 508. Ud.56i,d. 6%d. 658d.

CleariuB-Houseret'n. 156,886,000 125,043,000 133,291,000 102,235,000

Some of the leading firms on the Stock Exchange interested

in the bonds of the Atlantic Mississippi & Ohio Eailroad Co.,

being dissatisfied with recent proceedings, have forwarded the

following communication to the bondholders' committee :

To the Commillee of the Consolidated Bondholders of the Atlantic Mis-gissippi ti Oh io Jtailroud Co,

:

Gkntlkmkn—We, the undorsicned, holders of, and representing hold-ers of, $1,500,000 consolidated T^ouds of the Atlantic Mississippi & ObioKailroad Compauy, at present represented by certificates ot jour com-mittee appiiinfid in 1876 by the then bondholders, nud presided overby Sir H. W. Tyler, desire to point out that in holding these certifloateswe do not wish to be luidcrstood to acquiesce either in the scheme pro-posed by ytmr committee or in your subsequent proceeding's, but tliat.

on the contrai-j'. wo shall lioM ourselves at liberty to represent our viewsbefore the Court if, and whenever, necessary.Stock Excuakgk, Feb. 28.

Tenders were received at the Bank of England on Tuesdayfor £1,670,000 in Treasury bills of three and six months' date.

The allotments were—in bills at three months, £1,219,000 ; in

bills at six months, £451,000. Tenders for bills at three monthsat £99 6s. 4d. received about 45 per cent ; all above that price

in full ; while tenders for bills at six months at £98 12s. 7d. andabove were entertained in fuU. These prices are equivalent to

a discount of about 2%, per cent per annum.There has been very little movement in the market for gold

during the week. The export demand has been trifling, andonly a few sovereigns have been sent abroad. A small quantityof bar gold has been purchased by the Bank of England. Thesilver market has been dull, and prices have had a downwardtendency. The Indian demand is very moderate. The follow-ing prices of bullion are from Messrs. Pixley & Abell's circular :

Bar gold, fine peroz. standard.Bar gold, contain'g 20 dwts. silver .. per oz. standard.Spanish doubloons peroz.South American doubloons iper oz.United .States gold coin '

'

perozGerman gold coin .peroz

8. d.

77 9 a77 10«ii®74 3 a73 8i2»76 313376 SH®

8. d.

74 6

SILVER. d.Bar silver, fine per oz. standard, last price. 51%Bar silver, ooutain'g 6 grs. gold.i>er oz. standard " 52>fl

• Oakoslher peroz SS-^aMexlcan^dollars .'. .". '.^t'm, Vast price'. SCa

perozDiscount, 3 per oenc

-<nitUan dollarsQuicksilver, X7 128. 6d.

5 a>5H

The weather is very seasonable, and if old sayings possess

any value, we should have a very favorable year. The week

has been boisterous and dry, and though some people assert

that the season is backward, it must be contended that vegeta-

tion is making slow and healthy progress. It is not expected

that we shall have a large crop of wheat this year, for the

reason that not much land has been planted with that cereal.

A better crop is naturally hoped for, but it seems to be the

opinion that for several seasons the production of wheat will be

somewhat neglected. The crop, in the first place, does not pay,

and the Winter came upon us with such sudden and early sever-

ity that some lands destined to grow wheat have now been used

for other purposes. Most of the wheat grown in this country

is sown in the late Autumn or early Winter, and only a few

farmers sow the more tender, or white, sorts in the Spring, and

seldom after the middle of February. The'production of barley

is now a more attractive occupation. If the land is suitable to

the growth of fine malting qualities, 54s. per quarter can be

obtained with facility, and even 56s. and 58s. per quarter has

been realized. All soils are not, however, adapted to the

growth of choice barley, and only in a few districts abroad

—

chiefly in the Saale district in Germany—is it possible to raise

produce which shall meet with the approbation of our leading

Burton brewers. Only about twelve years ago, 428. per quarter

was considered to be a good price for malting barley, but 54s.

is now currently obtained. The wheat trade, however, notwith-

standing the small deliveries of the British farmers, is still very

quiet. Stocks are being reduced in this country, though they

are said to be increasing in France. Our importations have of

late been very moderate, and as the consumption in progress is

very great—never greater than it is now—foreign produce is

very rapidly absorbed. The severity of the Winter has pro-

duced quite a scarcity in the vegetable world. Many crops

which would be coming forward in abundance just now have

been killed by the frost, and the retail tradesman charges

almost what he pleases. The result is that, in consequence of the

deamess of vegetable food, and of potatoes, more bread is con-

sumed throughout the country. The demand for seed potatoes

i just now, not only for this country but also on a large scale for

Ireland, has forced up prices, and it must be some weeks before

market gardeners will be able to forward any considerable

supply of vegetables to market. As far as wheat is concerned,

however, millers buy very cautiously. We are fairly out of the

Winter, and the area whence we can draw supplies will now be

steadily extending. Wheat, of the new crop, is arriving from

Australia, and we shall soon be receiving considerable supplies

of excellent quality. India and Egypt, and Algeria, will soon

be discussing their harvest prospects, and the crops of those

countries have either a direct or an indirect influence upon our

markets. Egyptian or Algerian wheat may find a market at

Marseilles or some Mediterranean port, but its purchase by

France diminishes French competition in the United States,

and leaves the field more open to us. Some time must, how-

ever, elapse before'.supplies in Europe can be largely re-enforced

from any other source than from America; but buyers in this

country believe that present prices are sufficiently attractive,

and that during the next six weeks or two months we shall

obtain all that we require without being compelled to pay

higher terms than those now current. Should the weather in

Europe be favorable for the growing crops, less desire will be

shown to hold, and there may be some indications of weakness.

It must, however, be borne in mind that the crop in this

country is so poor that a large proportion of it finds its way to

the poultry-yard or to the piggeries, and that the quantity

sent to market is very limited. According to the usual calcula-

tions of the trade, farmers have only delivered since harvest

3,370;700 quarters, against 5,888,200 quarters last year, being a

decrease of 2,517,500 quarters, or about 40 per cent. The crop

of 1879 was not a good one, either in quantity or quality, the

rather considerable deliveries being due to the fact that finan-

cial necessity compelled the farmers to clear out all old stocks.

But last year's crop was worse, and hence the falling off of 40

M^CH 27, 1680.] THE CHRONICLE 313

per cent in still more significant, as the produce is so devoid of

farinaceons property.

During the week ended February 28, the sales of home-grown

wheat in the 150 principal markets of England and Wales

amounted to 31,030 quarters, against 45,574 quarters last year ;

and it is estimated that in the whole kingdom they were 124,120

quarters, against 182,300 quarters in 1879. Since harvest the

Bales in the 150 principal markets have been 842,672 quarters,

against 1,472,049 quarters ; while it is computed that they

have been in the whole kingdom 3,370,700 quarters, against

5,888,200 quarters in the corresponding period of last season.

Without reckoning the supplies furnished ex-granary at the

commencement of the season, it is estimated that the following

quantities of wheat and flour have been placed upon the British

markets since harvest

:

1 870-80Imports of wlicjit.owt.33,349,129Iiniwrta of ttoiir S.Sbl.SU?Sales of lium4>-grownproduce ; 14,606,500

1878-9.24,811,0474,085,190

1877-8.30,350..'>724,452,657

1876-7.18,861,5273,039,910

25,514,000 20,872,000 22,417,700

Total 53,820,026 54,440,537 55,675,229 44,319,143Dertuet exports ofwlieat aud Hour 686,051 1,044,802 1,039,972 616,539

Result 53,133,975Av'Ke prieo of EiigliuUwheat for tlie season. 478. Od.

53,395,735 54,635,257 43,702,604

40s. 5d. 53s. 4d. 49s. Od.

The following figures show the imports and exports of cereal

produce into and from the United Kingdom since harvest, viz.,

from the first of September to the close of last week, comparedwith the corresponding period in the three previous seasons:

IltPORTS.

1879-80. 1878-9. 1877-8. 1876-7.Wheat owt.33,349,129 24,841,017 30,350.572 18,361,527Barley 9,064,151 6,445,201 7,730,571 7,352,267Oats 7,582,279 5,852,574 5,887,792 5,217.08-.!Peas 1,234,391 846,024 932.361 740,8-20Beans 1,536,707 637,501 2.130,7-29 2,304,795Indian com 11,513,042 14,957,045 15,325.303 16,000,720Slour 3,864,397 4,083,490 4,452,657 3,039,916

1879-80.619,36413,63856,58380.14622,015

1878-9.997,54278,42353,07010,2646,091

260,10747.260

1877-8.1,005,220

32,10764,79914,34810,95964,02334.752

1876-7.596,,30818,25770,12916,19216,228

265,43820,231

Wheat owt.BarleyOats .-

PeasBeans^dian com 523i833Flour 66.687

The Home Secretary has introduced a bill for the purchaseof the Metropolitan Water Companies, and the value of theshares of those undertakings has, in consequence, risen to animportant extent. The shareholders are to receive in exchangefor their shares 3^ per cent Metropolitan stock to an extentwhich will yield them the same income that they derivedfrom their shares. An issue of stock to the extent of £31,000,-

000 will be necessary. Opposition to the scheme is assuming anorganized shape, and it is expected that Mr. Cross will find it

difficult to pass the measure.If a telegram which appeared in yesterday's Standard,

described as " authentic," be correct, the crisis in Euro pe last

year was of a very serious and alarming n ature. The corres-

pondent of that journal at Berlin says that when Austriadecided upon occupying Novi Bazar, the Czar proposed an alli-

ance to France and Italy, and immediate war upon Germanyand Austria. A few impetuous members of the French Cabinetentertained the proposal, but Messieurs Grevy and Waddingtonwere opposed to it, and happily the matter fell through.Those advanced liberal politicians in this country who have sopersistently opposed and vilified the Government during thelastfewyearsneedbe, as they are, quiet, for undoubtedly thecrisis was a crisis indeed.

Engllub market Report*—Per Cable.The daily closing quotations in the markets of London and

Liverpool for the past week, as reported by cable, are shown iathe following summary:

London Money and Stock Market.—The, bullion in the Bankof England has increased £31,000 daring the week.

Sat. Mon. Tues. Wed. Thurs. Fil.Mar. Mar. Mar. Mar. Mar. Mar.

.„ 20. 22 23. 24. 25. 26.";0'"{P«''0« d. 5214 5218 52:,8 52i« 52MConsols for money 98ii» 971615 97i4,s 9S1ib 981,8 :Consols tor ^couut.... 983,8 981,a 98i,6 98 1,

'a 98i," &U.8.580fl881 10.^ 10518 IO514 1054 1054 SS- g- *"««"/ 1891 II014 IIOI4 II014 11018 110 £U.B.4Hofl907 IO8I4 108>« IO8I4 lOSJa 108 SErie, coiiminn stocA 45!|i 464 46% 44'« 4538 oPnnniJiV,'"'^'"'"^

^^^ ^"""a 1»'''» IOC's 1071a |I'ennsylvaula 53 U 12^ 11 ^PUlarfelphiaA Reading: 33% 36 V.:. %V^ .... i

Xdverpool Cotton Market.—3^ special report on cotton.

Liverpool Breadituff* Market.—Bat. Hon.t. d. I. d.

Plotir(ez. 8tate)iBcent'1.15 6 18 6Wheat,«pr*(c,No.2,100Ib.l0 11 10 11SDrinK, No. 3... " 10 « 10 6winter,We8t.,n. " 11 6 11Boutliern, new . " 11 8 11 8Av.Cal. white.. " 10 11 10 11Callforiiluclub. " 11 5 11 5

Coni,mU.,W.old»ccnt'l 6 1 1do do now. " 6 0>3 Ola

Liverpool ProvUiont Market.—Bat. Mon.f. d. «. d.

Pork. West. mess.. Vhl)1.57 -57Bacon. loHK clear, cwt.. 35 6 35Short clear " 38 6 30 6

Beef, pr. mess, %( tierce. 76 76Ijird. prime West. |lcwt.39 39 OCheese. Am. choice " 71 71

Lond<m Petroleum Market.'—Bat. Mon.d. d.® .. s'gae .

® ....... .

Petleum, ref . f) gal.

.

Pet'leom, spirits ".

Tne*. Wed. Tbnm.«. d. f. d. ». rf

15 « 15 3 15 310 11 1011 10 1110 U 10 6 1011 6 11 6 1111 8 11 8 11 H10 10 10 10 10 1011 9 11 8 11 56 1 6 1 6

a 6 6 Oil

Tuea. Wed. Thum.*. d. (. d. >. d.67 88 8935 6 35 6 3536 36 6 3676 76 7638 6 38 3871 71 71

Tues. Wed. Thura.d. d. d.

. « .. . » .. .. •» ..

. « .. 7»a»7%i .. 9 ..

Frl.

I

PrI.

i

4c

Fri.

(ioodFrtday.-

Impoets and Exports for thk Week.—The imports of laat

week, compared with those of the preceding week, showan increase in both dry goods and general merchandis«.

The total imports were $11,724,181, against $9,910,917 the pre-ceding week and $13,878,046 two weeks previous. The exports

for the week ended Mar. 23 amounted to $8,146,413, against

$6,932,979 last week and $7,775,954 the previous week. Thefollowing are the imports at New York for the week endin/f

(for dry goods) Mar. 18 and for the week ending (for general

merchandise) Mar. 19:

FOSEIQN IMPOSTS AT NEW TOEK FOB THE WEEK.1877. 1878.

Dry Goods $1,946,801 $1,942,845General mdse... 5,691,470 4,950,956

1879. 1890.$1,780,5?3 $3,580,5044,016,975 8,143,675

Total week $7,638,271Prev. repoi-ted.. 68,849,724

$6,893,80163,308,271

$5,803,558 $11,724,18164.880,116 101,272,758

Total 8'ce Jan. 1. $76,487,995 $70,202,072 $70,683,674 $1 12,990,939

In our report of the dry goods trade will be found the importsof dry goods for one week later.

The following is a statement of the exports (exclusive of

specie) from the port of New York to foreign port**fiP'theweek ending Mar. 23:

EXFOBT8 FBOM KEW TORK FOR THE WEEK.1877.

$3,952,10756,700.002

For the week...Prev. reported.

1878.$6,948,93575,187,785

1879.$6,098,01565,991,392

1880.$8,146,41368,360,716

Total s'ce Jan. 1. $60,652,109 $82,136,770 $72,092,407 $76,507,129-

The following will show the exports of specie from the portof New York for the week ending Mar. 20, and also a com-parison of the total since Jan. 1, 1880, with the correspondingtotals for several previous years:

March.19—Btr. C. of Austin Nassau ..Mez. «llv. dols.20—Str. C. of Chester Liverpool...*.. Venezuela gold

bullionAm. silT. dols.

20—Str. Canlma Mayapiez, P. K Mex. silv. dols.St. John Mex. silv. dols.

20—Str. Neckar Loudon Mex. silv. dol*.Mex.gold hull'it

Am. gold bai-s.

Hamburg Am. gold bars.20—etr. C. of Alexandria. Havana Span, doubl'ns

.

$6,800

99,8001,000

13,65024,4356,8003,2047,81715,850

100,800

Total (or the week ($52,085 silver, and $227,171 gold) $279,266Previously reported ($1,398,295 sUv.,and $1,252^00 gold) .. 2,6S0,i9O

Tot. since Jan. 1, '80 ($1 ,450,380 silv., and $1,479,371 gold) . .$2,929,751Same time in—

1879 $4,686,9351878 2,6 17,5271877 3,343.6061876 11,530,959

Same time in-

1875 $16,286,3461874 7,979,0481873 14.332.316

Same lime In-1871 $14,131,8471870 6.582,3141869 8,797,027

1872 5,222;58l ! 1868 14,724,399

The imports of specie at this port for the same periods haT»been as follows:

March.16—Str. Santiago Cuba Am. silv. coin.. $1,88117—Str. Crescent City South America Am. silv. coin .

.

2,247Am. gold coin.. 900Gold bars 2,860

17—Str. C. of Austin British West Indies. Am. silv. coin .

.

1,04517—Str. Rhein Germany Am. eilv. coin.. 818—Bark Traveler Bolivia Gold bars 147,171

Silver bullion.. 7819—Str. Wieland France For. gold coin.. 106,00019—Str. Arran Hayti Am. silv. coin.. 8,55*20—Alice Cent. Amer'n States.Am. sUy. coin.. 1,000

Total for the week ($14,763 silver, and $256,921 gold) $271,684Previously reported ($1,310,733 silv., and $873,257 gold) .... 2,183,990

Tot. slnceJan. 1, '80 ($1,325,496 silv., and $1,130,178 gold).$2,455,874Same time in-

1879 $2,710.5171878 4,428,8371877 4,70."-,2.'>S

1876 1,171,7-23

Same time in—1875 $3.9s».-i <i571874 1,062.8381873 606,9091872 561,214

Same time In- _1871 $2,777,0071870 5,818,9841869 4,372,0851868 1,796,025

The following table shows the receipts and payments at th»Sub-Treasury in this city, as well as the balances in the !>»iae»

for each day of the past week:

314 THE CHRONICLE. [Vol.. XXX.

Mar. 20...•22...

23...24...25...26...

Receipts.

1.089.453 411,899.582 181.518.454 79906,854 90

1,041,210 001,1(50,578 52

Total I7,616,133 80 8,190,410 701

Payments.Balances.

Gold.

$931,961 62 103,705,385 50

'1,867 20 104,819.<i37 291,767,863 47 104.498.371 39849,253 84!l04,620,157 51

1,510,971 87jl04.ll!l,544 862,158,490 70| 103,086,943 73

Currency.

$5.626,159 305,439,622 625,511,479 765,447,292 705,478,139 485.512.833 43

Kansas City St. Joseph & Council Bluffs.—The directors

have voted an interest payment oj^ two per cent from the

net earnings of the year ended December 31, 1879, upon its

registered income bonds, payable •n the first day of April, in

Boston.

Philadelphia & Reading.—The following is the monthlycomparative statement of gross receipts, tonnage and pa.ssen-

gers of this company for the month of February, 1880 and 1879 :

GBOSS RECEtFTS.1880.-

Month.ttallroad traffic $1,016,377Oanaltrafflo Loss. 617Steam colliers 45,273Blcbmond coal barges.. 2,275

Fiscal Yearto date.

$3,581,33528.609

189,97222,063

Hontli.$825,154

1,22351,487

1879Fiscal Year

to date.$2,536,527

9,000156,84914,359

Total Railroad Co $1,063,309 $3,821,985 $877,865 $2,716,736Beading Coal <k Iron Co. 530,472 1,926,806 551.396 1,538,092

TotalofaU $1,503,781 $5,748,791 $1,429,261 $4,274,828

TONKAOE AND PASSENGERS.

Tons of coal on Railroad 369,211 1,506,517Tonsof merchiindise. .. 449,305 1,376,312Passengers carried 617,611 2,107,527Ooal transported bysteuni coIUers 37,307 127,399

519,C01221,869418,656

1,343,86872-2,378

1,427,118

44,086 122,350

QuicksllTer.—^In the suit of George L. Kent, one of the pre-

ferred stockholders of the Quicksilver Mining Com|)any, against

the company, for interest claimed to be due on his stocK, Mr.James H. Gilbert, of 37 Wall street, referee, has rendered adecision in favor of the plaintiff, in which he holds that the netearnings are what remains after deducting from the grossearnings all the current expenses incurred in producing earn-ings. The total amount of the net earnings made by the com-

Sany from May 1, 1870, until May 1, 1879, is $2,900,000. Oflat amount the preferred stockholders are entitled to $1,988,-

263, with interest added, making a total of 12,683,284, Theamount due each share of preferred stock is $62 52.

While the litigation was m progress the trustees invested all

the surplus cash in retiring tne Donded indebtedness. Therenow remains in the treasury only about $300,000 cash to paythe award. Should the decree be confirmed by the court, ameeting of the trustees will be called to consider the proprietyof re-issuing the bonds as a dividend to the preferred stockhold-ers on account of the award.

Sioux City & Dalcota.—A despatch from Sioux City, Iowa,March 20, said that the board of directors of the Sioux City &Dakota Railroad Company in Yankton had leased the entireproperty to the Chicago Milwaukee & St. Paul Railway Com-Bany. The leased property embraces the recently consolidatedlakota Southern and Sioux City & Pembina railways, and wUI

be operated as the Sioux City & Dakota Division of the Chi-cago Milwaukee & St. Paul Railway. By this lease the ChicagoMilwaukee & St. Paul Company is enabled to run its own trainsfrom Chicago and Milwaukee to Sioux City, Yankton and SiouxFalls, and most important points in northwestern Iowa andsouthern Dakota."

State of Missouri.—By virtue of the authority contained inthe act of the Legislature of the State of Missouri, approvedMarch 29, 1875, entitled " An act to authorize the issue andsale of renewal funding bonds for the purpose of meisting andpaymg the maturing State indebtedness," notice is given bytiie smking fund commissioners that the following bonds re-deemable at the pleasure of the State at any time after fiveyears from the date thereof, issued under the act datedMay 1, 1875, will be paid at the National Bank of Commerce, inttbe city and State of New York, on and after the 1st day ofMay, 1880, and that the interest on said bonds will cease onsaid last-mentioned day : Bonds for $1,000 each. No. 1 to No79, both mclu.slve, and bonds No. 100 to No. 260, both inclusive[Bonds No. 80 to No. 99, both inclusive, are now owned by theIstatp

j

Texas State Bonds.—The Governor gives notice that hewill receive sealed proposals for the purchase, from the lowestbidder, of the following outstanding bonds of the State of Texas,or any of them, viz.:—Six per cent currency, due March 1, 1892:7 per cent gold, due September 1, 1890; 7 per cent gold, dueApnl 1, 1892; 7 per cent gold, due January 1, 1904; 6 per centgold, due 1906. The bids will be opened and passed upon ontne last day of each month during the present year, at the Ex-ecutive office, Austin, Texas. The Governor is authorized bv

I^^J^ "To^"/^ '^^ }}^''^y y""^' ^ ?«" «ent gold bonds, due

f^r t

^^^ outstanding bonds named above upon

—Messrs Jas. A Roosevelt and Wm. R Fosdick, trustee.s andreceivers of the Columbus Chicago & Indiana Central RailwayUimpany, give notice that coupons due October 1, 1879 on 7per cent bonds ef the Union & Logansport Railroad Companyri At ?v"?,°?

P''«s«ntation at the office of Messrs. A. Iselen iOo., 48 Wall street, New York.

—The New York, New England & Western Investment Com-pany, by order of the Auditor of the city of Toledo, Ohio, oflfers

to exchange for certain bonds of that city, connected with theissue of which there were certain informalities, new consolidatedfunding bondu, or, if the holder .so prefers, to pay par and ac-crued Interest in cash. With commendable promptness, theCommon Council of Toledo voted to issue the new bonds as soonas attention was called to the informalities referred to. Thisaction of the Council will go far to strengthen the credit of thecity of Toledo, which is already very high. These bonds havethirty years to run, but are redeemable at the option of thecity after twenty j^ears, bearing interest at six per cent per an-num, payable semi-annually, in the citv of New York, to coverthe several issues above referred to and to be used in exchangefor the said old bonds.

—Attention is called to the card of Mr. Charles B Greenein this issue of the CHEoifiCLB. Mr. Greene deals in Govern-ment, State, municipal and miscellaneous securities, and makesa specialty of all classes of stocks and bonds, whether interest-paying or in default. His business is strictly on commission,and he refers, as will be seen, to several of the best-knownfirms and institutions.

—Messrs. Coleman Benedict & Co., the well-known stock-brokers, will remove on or about May 1 to the large offices, 24Broad street, as the building they now occupy, 92 Broadway

,

will be torn down to be replaced by a more extensive one.

Boston B«nk8._The following are the totals of the Bostonbanks for a series of weeks past

:

Loans. Specie. L. Tenders. Deposits' Cirenlation. Airg.Clear.1879. % % % % % %

Oct. 13.. 126,903,100 3,251,100 4,931,500 47,210,000 37,973,600. 55,817,716" 20.. 128,015,000 3,254,'.i00 4,582,900 48,063,400 28,146,300 64,281,244" 87.. 180.J»1,300 3,218,300 4,528,800 48,907,100 28,372,700 86,499,863

Not. 3.. 132,056,100 3.215,000 4,480.500 49,15^,400 28,557,300 65.241,378" 10.. 133.491.100 3,245.400 4,370.200 51,108,100 29,041.000 69,380,177" 17.. 132,427.100 3,800,800 3,892,800 01,724,400 29,311.100 71,786,586" 24.. 131,932.200 3,347.200 3,546,700 50,769,100 29,554.800 76,365,888

Dec. 1.. 131,484.000 3,572,800 3,594,900 80,086,200 29,888.300 66,107,5588.. 131,646,900 3,682,800 3,474,900 60.802,500 30,289,000 69.674,936

" 15.. 130,931,700 4,829,000 3,614,800 50,137,300 30,607.100 65,753,821" 22.. 130,636,100 4,266,400 3,865,300 49,842,700 30,887,500 62.129.120" 29.. 182,221,900 4.125,400 3,856,300 49,048,100 31,096,800 61,019,80«1880.

Jan. 6.. 133,827,200 3,941.400 4.693,400 50,379,600 31,181,800 66,267,539" 12.. 134,991,300 3.822.800 5.418,900 80,866,800 31,280,300 71,705,752" 19.. 137,132,900 3,813.300 6,362,900 61,882.200 31,33(!,000 74,242,072" 26.. 139,186.800 3,857,100 5,435,700 52,651,000 31,385,900 68.069,823

Feb. 2.. 139.818,800 3,970,800 6,329,300 52,742,200 31,240,200 69,237.7949.. 141,216,600 4,374,800 4.828.300 55.018,200 31.081,500 70,281.469

•• 18.. 142.161.000 4,676,500 4,040.300 63,728,400 31,072,300 72,091,201" 24.. 140,828,500 4,488,400 3,637,900 53,605,200 31,003,400 47,305,866

Mar. 2.. 139,927,300 4,393,600 3,511,300 52,793,300 31,062.000 56,568,135" 9.. 139,879,400 5,224,000 3,527,600 53,217.400 30.875,200 68,452,060" 15.. 141,040,200 5.321.600 3,335,700 63,038,800 31,019,400 63,289,012" 22.. 140,975,000 4,945,100 3,016,600 51,871,300 31,092,500

* Other than Government and banks, less Clearing-House checlis.

PblladelpUa BanKs.—The toUls of the Philadelphia bank!are as follows

:

Loans. Lawful Money. Deposits. Circulation. Agg. Clear.1879. » $ » » «

Oct. 13 . 64,706,995 17,285,369 54,709,355 11,814,880 44,106,759" 20 65,942,232 16,240,119 54,812,858 11,853,039 62,253,037•' 27 66JJ74,801 15,639,404 54.588,094 11,878,284 54,606,178

Not. 8 66.337,415 16,185.160 54.187,213 11,883,099 51,527,260•' 10, 68,680.258 14,851.359 53,561.853 11,875.686 54,961.998" 17 65,977.180 14.616.427 52,696,026 11.871,878 65.027,309" 24 85,302,671 14,491,491 52 342,782 11,800.480 46,780,676

Deo. 1 64,581,278 14.958.053 52.853.503 11,932.035 43.148,041'• 8 64,650.163 15.049.003 52.113.471 11.992.523 64.548,184" 15 64,386,503 14,977,274 52,197,356 11.985.600 50.886,477'• 22 84.724368 14.764.053 61.682.897 12.011,733 50.800.337" 29 64,775,731 14,447,092 51.203.835 12.021.269 42.399.0821880

Jan. 5....:.... 61.331.710 15.663.259 52.606.260 12.069.841 45.951.614'• 12 64,696.423 15.802,394 52,898,593 12.072.780 50.218.107" 19 65,161,061 18,417.981 54,360,797 12,0S2,380 50,508,285" 36 64,656.180 16,931.434 64.306,768 12,073,093 50,956.546

Feb. 2 64,972.032 17.213.347 54.563,582 12,008.233 42.963.541" 9 66,670.329 17,120,173 64,672,0.59 12,076.263 48,053.960' 16 88.888.134 17.197,950 66.186.186 12.050.483 46,890.069" 23 67,286.888 16.220.959 66,627.182 12,058,663 53,151,054

Mar. 1 87,318.205 15,778.938 55,122,311 12,093,860 39,982,8488 67,130,447 16,250,179 56..397,217 12,085,136 53.624.758

" 15 67.404,233 16,731.302 55.941,088 12,073.943 42,1S9,«11• 22 68,467,583 16,013,387 56,258,328 12,093,147 45,910.829

B1NH[\C AND Fliy.4NCIAL.

FISK St HATCH,

BANKERS,

AND DEALERS IN GOVERNMENT BONDS,

and other desirable Investment Securities,

NO. 5 NASSAU STREET, N. Y.

Bay ani sell all issues of Government Bonds, in large or small

amounts, at current marlfet prices, and will be pleased to furnlsli infor-

mation in refereno-i to ail matters connected witli investments in Gov-

ernment Bonds.

We are prepared to give information in regard to flrst-class Railway

Securities and to execute orders for tlie same.

Buy and sell all marlietable Stoclcs and Bonds on commission, at tlie

Stoclf Excliange or in tlie open marlcet.

Receive accounts of Baulcs, Banliers, Mercbarits, and others, and allow

interest on daily balances; and for those Iteeplng accounts with ua we

collect U. S. coupons and registered interest, and other coupons, divi-

dends, &c., and credit without charge.

I^" We give special attention to orders from Banlcs, Bauliers, Institu-

tions and investors out of the city, by MAIL or TELEGRAPH, to buy or

sell GOVERNMENT BONDS, STATE and RAILROAD BONDS, BANKSTOCKS, RAILROAD STOCKS, and other securities.

We have issued the Seventh Edition of '• Memoranda Concerning Gov-

ernment Bonds," copies of which can be had on application.

FISK & HATCH

il March 27, h80 J THE OHRONK^.E. 315

NATION.tb BANKS OROANIZBD.The United States (Jomptroller of the Currency furnishes the

following statement of National Banks organized :

2,407— Fli-et National Bank of Miiy«ville, Kentiicky. AutIiorl7.(«l capi-tal. !fi210,0()<); pald-iii capital, i(il()r>,7.')0. JanicH M. MitrlicM,Prenideut; TiKiinait Wells, Canliler. Autlioriztxl to couiiuciieoliuslneas MarcU IH, 1880.

DIVIDBNDII.The foUowlnx dlvidonds bare recently been announced:

Name of Company.

Rallroada,Clilc. Mil. & St. Paul com. & prof.Cblcago R. I. & Pacific (quar.) . .

.

Cincinnati Hamilton & Daytoii...Philadelphia A Treuton (ijuar.)...

United Con. of N. J. (ipiar.)

miscellaneuna.American l>iat. Telegraph (quar.)

PerCent.

WhenPayable.

•d'n

1>S

.\pril 15MTiy 1

April 10April 10April 10

April 15

Books Cloaed.(Days inclusive.)

Mar. 30 to April 18Mar. 28 to May 1April 1 to April 12

April 2 to April 13* Also 50 cents per Hllaro on the Iowa South. <k Miiwouri Northern.

FRIDAY, nARCH 36, 1880—5 r. HI.

Tike nionejr market and Financial Situation.—In mone-

tary affairs there is very little change, and rates for call loana

remain stringent. There is a great difference, however, between

the different sorts of collateral, and one borrower pays 5@6 per

cent, while another, offering only inferior stock collaterals, has

to pay 6 per cent and a commission of 1-32 to 1-16 per cent a

day. Government bond dealers report a fair supply of moneyoffered to them at 4@5 per cent

The stock market closed for our week on Thursday afternoon,

as to-day (Good Friday) is observed as a semi-holiday, and all

the Exchanges adjourned over. The market has been quite

irregular, and the heavy decline that has recently occurred in

several of the prominent speculative stocks has occasioned somediscouragement to those who had overlooked the possibilities of

speculative manipulation in a market such as we have had for

the past six months. Pacific Mail declined from 62 on March 8

to 36M on March 24. Manhattan Elevated declined from 57^March 16 to 31% March 24. In regard to the latter stock, it is

commonly believed that some of the New York State Senators

have been sadly deceived as to its probable course and have metwith serious losses on it, or, in the vulgar phrase of the Street,

have been " cleaned out." Many times in the history of this

and other States has it been suspected that railroad influence

had a connection, more or less direct, with legislative action.

But never has the communication] between Wall street and Al-

bany been so direct and palpable as in this instance. The noble

Senators were informed by influential parties in the Street that

should the five cent fare bill be defeated in the Senate Manhat-tan stock would go up to certain very high figures ; then camewonderful activity in telegrams from Albany to Wall street, andManhattan was in great demand, advancing to 57%. The bill

was killed in the Senate, and then the stock las if sympathizingmore with the pas.senger than the Senator) became aepres.seaand fell off gradually to 31%. This was quite an ordinary re-sult after the giving out of a good " point" for speculation, andit turns out that the New York Loan and Improvement Com-pany has managed to work off the entire block of 65,000 sharesof Manhattan stock awarded as a bonus to the MetropolitanElevated Ctmpany—or the Loan and Improvement Company,which is the .'^ame thing. The prices obtained ranged from 45to 50, and the proceeds are said to have been invested in UnitedStates 4 per cent bonds.The Bank of England statement on Thursday showed an

increase of f31,000 m specie, and the percentage of reserve toliabilities was 46, against 45 15-16 the previous week. The dis-count rate remains at 3 per cent. The Bank of France showedan increase of 16,975,000 francs.The last statement of the New York City Clearing-House

banks, issued March 20, showed a decrease of $1,124,400 inthe exce-ss above their 25 per cent legal reserve, the whole of suchexcess being |860,650, against $1,935,050 the previous week.The following table shows the changes from the previous week

and a comparison with the two nrecedine rears.

Loans and dis.BpecieCIrciUatlon ..

Net depoeitd .

l<egal tenders.

Legal reserve.Reserve held.

BurphiH

1880.Mar. 20.

DiiTer'nces fr'm 1879. 1878.previous week. March 22. March 2.1.

S294,407,400 Deo $2,849,5003,'5.410.100 Dec. 2,487,80020.975.800

264.5:55.20011,555,100

$66,134,55066,995,200

luo. 8,700Dec. 5,842.800Dec. 97,a00

Dec.$l,460,700Doc. 2,5s5,10O

$360,650 Dec.$l. 124,400

$243,839,80018,803.70019,290,900

206,591.40036,972,600

$.1,047,85055,776,300

$4,128,4.50

5241.560.70039,687.50019,900,300

211,93S,.")0029,605.700

$52,984,62569,293,200

$16,308,575

Pmourees.Loann and diKcountsO vcnlraftHUnited KtatcH bonds to secure clrrulatlouUnileil Htates bonds to secure deiKmlts..United KtatcM bonds on liandOther stocks, bonds and mortgagesAmount outHtaiidlngStale bank notes oiitntandingDue from approved reserve agentsDue from ijther national banksDue from .State bnnks and bankersIleal estat**, furniture and tlxturesCurrent expenses and taxes paidPrendums paidChecks and other cash items}.ExchauKes fur Clearing Ho^'Bills of other national oaniFra<!tlonal currency n.Gold coin ,

Silver coin,

Gold certificatesSilver certificatesL<igal tender notesUnited States certiacates of deposit forlegal-tender notes

Five per cent redemption fundDue from United States Treasurer

Total $1.925,229,«17 93,035,339,048LiabiUtU».

Capital stock paidin $454,Surplus fund 115,Other undivided profits 47,National bank notes outstanding *321Araotnit on bandDividends unpaid 1Individual deposits 755,

Doc. 12, 1870.$020,.^81,542

3.n«2,lin364.272,70014,780,00040,000,05038,823,019

102,742,45255,352,4.5014,425,07247,992,3327,474,0824,150,836

10,377,272112,172.67716,392,098

387,447

78,568,041

54,725,006

11,295,00010,147,686

007,120

Feb. 21, 1880.$069,557,855

3.094,720361,501,70014,417,00036,798,60041,060,341

319,948,584300,200

117,080,90053,210,26914,353,80047.830,6166,388|7083,925.74910,320,050

166,736,40315,862,767

397,28867.841,5155,041,516

15,209,0002U5.340

55,183,527

1,148,50016,003,430

067,352

United States deposits.Deposits of U. S. disbursing oftlcors.Due to other national banksDue to State banks and bankersNotes and bills rediscoiuitedBills payable

6,

315259,24,

1,498.5155,429,0317,573,8201,949,154

',306,i'86,459,966,923,323,893,217,484,079,232,391,116,484,041,649

9454.lie,42,

324.4,

1,

847,7,2,

170,65,1.

4,

,148,585964.043,546,277,016,592,068,008,368,164,879,741,639,969802,484233,619405,224918,789181,282

The following is an abstract of reports made to the Comp-troller of tlie Currency, showing the condition of the nationalbanks of the United States at the close of business on Dec.12, 1879, and Feb. 21, 1880. The reports of one bank in Ore-gon and one in Washington Territory were not received in 1880:

'

Total .*. $1,925,229,617 $2,035,339,048Number of banks 2,050

*The amount of circulation outstanding February 21, 1880, as shownby the books of this ofHce. was $343,778,206, and the amount outstand-ing December 12, 1879, was $342,202,598. which amounts include thenotes of insolvent banks, of those involuntary liquidation, and of thosewhich have deposited legal tender notes under the att of Juno 20, 1874,for the purpose of retiring their circulation.

United States Roods.—The week has been dull in Gorem-ment securities, and prices of fives and sixes rather ea.sier. Theoffers of bonds at the weekly purchase by the Treasury Depart-ment amounted to $5,120,650. Bids were accepted to theamount of $2,000,000, at prices ranging from 105-11 to 105-37

for 6s of 1881, from 103-05 to 103-10 for 58 of 1881, and at 103-74

and 103M for 6s of 1880.

Closing prices at the N. Y. Board have been as follows: - •

March March22. 23

68,1880 rcg.68,1880 coup.68,1881 rrg-68, 1881 coup.5s, 1881 reg.58, 1881 coup.4J3S, 1891 reg.

4»S8, 1891 coup.4s, 1907 reg.4s, 1907 coup.6s, cur'cy, 1895.. reg.68, cur'oy, 1896.. reg.6s, cur'cy, 1897.. reg.Be, cur'cy, 1898. .reg.6s, cur'cy, 1899. reg.

Mai-ch March'Haroh21.

I25. 26.

*103»s*103"-.>

'105•105-103•103•107 iji

•1071010.'i=»

106V•125•125125•1251.2•V2au

*l03>fl•103>a105 >e'105•103'103no708107^8105 '8

106%-122M22•122"124•124

* This is the price bid ; no sale was made at t he Boara.

The range in prices since Jan. 1, 1880, and the amount ofclass of bonds outstanding March 1, 1880, were as follows:

each

68, 1880.... cp.68, 1881. ...cp.58, 1881... .cp.

4>s8, 1891..CP.48, 1907.... cp.fis.cur'ncy.res

Range since Jan. 1, 1880.

Lowest. Highest.

102^ Jan. 13l04i«Jau. 7103 Feb. 210638 Jan. 2103 Jan. 21251a Feb. IS

104 Feb. 16lOS-'e Mar. 2104 Jan. 29IdOHFeb. 1710714 Feb. 16I26I3 Fcl). 17

Amount March 1. 1880.

Registered. Coupon.

$14,722.0(l(181,379,u5l290,703.050168,662,80f513,417.3.5<61.623.51'.

$3..507,00063.532,650

210,715,85081,337,200

225.544,650

Closing prices of securities in London for three weeks past andthe range since January 1, 1880, were as follows:

U.S. 5s of 1881...U. S.4i98 0f 1891.U.S. 4s of 1907...

Mar.12.

5Iar.19.

IO518 105 105»6110 HIOI4IIO109% XOSI4 108

Mar.25.

Range since Jan. 1, 18&0.

Lowest.

105 Mar. 19lOO^a Jan. 210614 Jan. 2

Highest.

106''8 Jan. 12IIII9 Feb. 10lOO'a Feb. 19

State and Railroad Bonds.—In State bontis there havebeen only moderate tiansactions. As to the situation in Vir-

ginia, Messrs. Hambleton & Co. of Baltimore say in their

circular

:

"The Joint resolution that was pa.ssed by the late Senate of Virginiadoes not seem to l)e gc^nerally understood. The resolution to submit tothe people of Viiglnia for their approval or disapproval the Riddle-berger and Koss Hamilton bill, did not even come no in the House;consequently it is iunpirative. The Legislature has adjourned withoutdoing anvtliin.i; wit 11 t lie debt (piestion. and the bonds remain as theywere before tlie I.<>j;l.''latMre met. In oi-dei to force an e.Ntra session, theLegislature ii(\iounied without passing appropriation bills. The presentappropriations extend to next October, and it Is tbougbt that by makingtemporary loans the State will be able to get along until the next regu-lar session—two years hence."

Bailroad bonds continue very strong for all the investmentissues.

316 THE OHRONICLE. IVol. XXX.

Messrs. A. H. Mailer & Son•ecnrities, seldom sold at public

40 Nat. Park Bauk 12p>«20 Nat. Trust Co $50

100 Twcnty-thiid St. RR 11236 Am. K.xch. Nat. Bank 12133 MerchaiitH' Nat. Buuk. . .

.131-

48 N. Y. Gii.sllght Co 100 >4

72 United Stated lire Ins. ..130 '4

60 SprinK Mt. Coid Co., 7 perc<'.ut. guar 64

239 Nat. Bulchers'A Drovers'Bank 112»l!2ia

113 N. Y. Bowery Fire Ins.. . 190COManliat. Life In8...371®3G95 Clinton Fire lus 1405 Jefferson Ins 143

15 Kuickerliooker Fire lus. . 5812 Firemen's Ins 1026 Manhat. Fire Ins., old co.;

10 Ktna Fire Ins., old eo.;

3 Indemnity Fire Ins., for i?26

22 Columbia Fire Ins 5025 Amei-lcan Land Co. for. . . $7

Bondt.C3,000 Broadway & Seventh

Av. RR. 7s, due 1884....'102Js10,000 South Feny RR. Ist

niort. 7s, due 1894 *653,000 Bleecker St. it. Fulton

Ferry RK. 78, duo 19l0-.«a!»ia

2 000 City of St. Louis 6s,

Water Bonds, due 1887.*105

sold at auction the following

sale

:

Bondt.$152 Amer. Fire Ins. scrip... 431,000 Paducah & Elizabeth-town RR. 2d mort. 78,

due 1897; $'200 2d mort.scrip; 15 shares pref.,

tlOO ea. ; 15 shares com.,100 each, tor $1,180

3,000 Col. & Ind. Cent. KR.Ist mort. 7s 112>a

6,000 Scioto Valley RR. 1st

mort. 78, due 1896 1023,000 St. Louis City 6s, due

i486 105?iISJOTO Town of Westchester

78, reg. bonds *102>4

3,000 N. Y. City 68, CrotonWater stuck, due 1883. ..*10o

2,000 N. Y. City 7s, CrotonWater stock, due 1900 ..*123i3

1,000 N. Y. City 78, CityPark impr. stock, due1903 *127

1,000 Col. & Ind. Cent. 2dmort. 78. due 1904, Nov.,1879. coupon on 104

23,000 Sixth Av. RR. 7s, due1890 Ill's

52.000 Selma Rome & i^alton

RR. 2d mort. 7s, due July1, 1900, coupons fromJanuary, 1876, attached,$1,000 each 738®6>3

* Arid Interest.

Ballroad and mincellaneons Stocks,—The stock market

has shown much irregularity, and while in some stocks there

has been an extreme decline (amounting to 26 per cent from the

highest point on Manhattan), the general market has been toler-

ably strong, and in some cases shows a considerable advance.

We have already noticed the proposed increase in stock of the

Chicago Burlington & Quincy, the Louisville & Nashville and

the Chicago & Alton companies, and now Chicago Rock Island

& Pacific comes to the front with the most astonishing proposi-

tion of all. This, as adopted by the Executive Committee, andto be submitted to the stockholders at the next annual meeting

in June, is a plan for the consolidation under a new corporation

of all the roads of the company. It is proposed to create a newcompany, with a capital stock of $50,000,000. The stock of the

new company will be exchanged at the rate of two shares of

new for one of old stock. The present capital is $20,980,000,

lind it is said that the amount of new stock not needed for theexchange will be held by the company for the future acquisi-

tion of other property, or, in other words, held where it may at

any time be dumped on the market. The generrJ marketclosed with a stronger feeling on Thursday, notwithstandingthe tight money market, and in some quarters it was thoughtthat higher figures would probably be seen next week. Rail-

road earnings are well kept up, and many roads show a verylarge percentage of increase in gross earnings, but also a largeincrease in operating expenses.The daily highest and lowest prices have been as follows:

Saturday Mondav. Tuesday, ! Wednesd. Thursday, Friday.March 20 March 22. March 23. March 24. March 25. March 26.

Am.Dist. Tel.Atl.*l"ac.Tel

.

Canada South.Cent. of N. J..Cent. I'aciac.

.

ChM.ftOhlcDo 1st prf

.

Do 2d prf..Chic. 4 Alton

.

Chic Bur.4 Q.Chlc.M.&St.P.

Do pref.Chlc.iN. W..

Do pref.Chlc.R. I.4P.Ch.St.l,.iN.O.Chlc.St.P.&M.CTev.C. C.4 1.

Col.Chlc.&I.C.Del.ftH.QinalDel.Lack.AW.Uan.&St.Jo..

Do pref.Houa.ATez.C.Itltnois Cent..LakoKrleiW.Ijako Shore...

.

Ixjuisv-ANushManhattan....Mar.*C.lst pf.

Do 2d prf.Mich.Central..Mobile* Ohio.Mo.Kans. AT.Mor.AKssei,.Nasli.Ch.AStLNewCent.CoaiN.Y.C.4H. K.N.Y.L.B.4W.

Do pref.K.Y.Ont.i W.Mvrtfaern Pac.

Do pref.Ohio Central .

OhlnAMIaa...Do pref.

Paciac Mall...PanamaPhil. 4 lleatl'g8t.L.A.4T.H.

Do pref.Bt.L.I.H.4So.St. L.* S.Fran.

Do pref.Do 1st prf.

Bt.P.4Slou3tC.Do pref.

Butro Tunnel.Union Paclflc.Wab.St.L.AP.

Do pref.West. Un.Tel. HOejfWj

(19

;^r;?;e%'i" s^:si%rir'"^ r^^Q^""' ^'^ """i« "' »"« ^"-"^

The latest railroad earnings and the totals from Jan. 1 to

latest dates are given below. The statement includes the gross

earnings of all railroads from which returns can be obtained.

The columns under the heading " Jan. 1 to latest date" furnish

the gross earnings from Jan. 1 to, and including, the period

mentioned in the second column.

.—Latest earnings reported.—. ^Jan. 1 to latest date.-

WeekorMo. 1880. 1879. 1880. 1879.

Al».Gt. Southern. February . $51,227 $33,094 $106,628 $67,035

Albany & Susq ..January... 99,962 77,362 99,962 77,362

Atchison & Neb.. Istwk Mar 15,834 8,594

Atch.Top.&S.Fc.2dwkMar. 1T5,.500 142,324 1,241,000 940,618

Atl.<feGt.Wc8t. ...January... 389,486 298,646 389,486 298,646Atl.Mi6S.& Ohio. January... 156,870 109,894 156,870 109,894

Bur.C.Rap.&No..2dwkMar. 43,359 25,541 434,990 265,609

Cairo & St. Louis.2d wk Mar. 6,065 4,927 62,389 44,113

CaroUna Central. January... 44,733 37,908 44,733 37,908

Central Pacific... February .1,038,0001,056,691 2,261,000 2,145,867

Ches. .SiOhio February. 198,683 102.077 401,018 190,744

Chicago & Alton. 3d wk Mar. 163,569 83,371 1,476,114 893,195

Chio.Burl.&Q... January. ..1,200,238 1,105,098 1,200,238 1,105,098

Chlc.CLDub.&M.lstwkMar 13,663 10,545

Chic. & East. lU..2d wk Mar. 19,030 14,999 197,458 102,131

Chic. Mil. & St. P. 3d wk Mar. 204,000 142,862 2,090,000 1,485,174Chic. & Northw..February .1,153,800 889,623 2,308,432 1,897.944Chic.StP. &Miu.3dwkMar. 28,526 19,780 231,430 196,388Chic. &W. Mich.. 1st wk Mar 14,584 11,962Ciu. & Springf. ..3dwkMar. 14.287 9,444 186,671 127,780Clcv.Col.Cin.&I.SdwkMar. 65,411 55,516 816,089 645,705Clev.Mt.V.&Del.2dwkMar. 7,992 6,906 83,o85 65,987Del.&H.Cau.,Pa.Div..Jan.. 112,163 88,063 112,163 88,063Denv.S.P'k&Pac. February . 135,430 279,730Det. Lans. &No..2dwkMar. 22,791 17,694Dubuquc&S.City.2dwkMaT. 22,014 19,716 179,930 155,630Eastern ...February. 175,345 153,371 377,659 316,610Flint &PereMar.2dwk Mar. 32,838 23,578 290,788 199,238Gal. Har.A San A.January... 103,139 114,930 103,139 114,930Grand Tnmk.Wk. end. Mh.13 190.106 179,752 1,876,793 1,734,621Gr't Western.Wk.end.Mh.l2 91,734 85,358 870,977 830,619HHnuibal,fe8t.Jo.2dwkMar. 47,711 47,486 432,290 369,086Houst.& Texas C.January... 319,041 260,746 319,041 260,746Illinois Cen. (111.). February . 462,673 368.568 879,909 844,459

Do (Iowa). February . 120,138 98,353 239,559 202,654Indiana BI. &W.. 2d wk Mar. 23,792 17,225 216,849 204,155Int. &Gt. North.. 2d wk Mar. 27,950 27,305 355,649 365,694Iowa Central January... 78,019 58,061 78,019 58,061K.C.Ft. S.&Gulf.lstwkMar 23,529 13,471Kan8.«.Law.& 8o.4th wk Feb 8,226 6,964K. C. St.J. &C. B.4thwkFeb 35,369 30,053LittleRk. &Ft. 8.2 wksMar. 18,810 10,975Louisv. & Nashv.2dwkMar. 132,700 100,800 1,523,774 1,084,489Miun.&St.Loui8.1stwkMar 9,250 6,607 100,400 62,235Mo.Kan.<feTexa8.3dwkMar. 69,692 50,530 922,283 546,958Mobile &Moutg..Janu.ary... 78,134 80,869 78,154 80,869Mobile & Ohio... 3d wk Mar. 35,155 37,533 573,534 482,720Nashv. Ch.&St.L. February . 191,154 158,034 396,788 315,313N.Y.&Caiiada.. January... 49,810 25,587 49,810 25,587N.Y.Cent.&Hud. February .2,317,2312.210,304 4,910,844 4,235,116N.Y.L.Erie& W.January. ..1,296,381 1,147,173 1,296,381 1,147,173N.Y.&N. EnKl'd.3dwkMar. 38,980 33,662 426,630 349,957Northern Ccufral. January... 334,494 265.002 334,494 265,002Northern I'acitic Fcbruaiy . 50,419 44,658 138,262 81,672Ogd. &L. Champ. 3d wk Mar. 6,504 5,049Pad.&Elizabetht.lstwkMar 5,402 4,970 68,087 52,063Pad. & Memphis. '2d wk Mar. 4,032 2,9E4 43,909 34,828Pennsylvauia.... February .2,944,576 2,538,039 6,028,127 5,081,463Peoria Dec. &Ev. 2 wk8M.ir. 11,832 4,954Philadel. &Eric..Fcbru.iry . 245,372 237,000 469,679 449,748Plilla.& Rending. February .1,063,309 877.865 2,379,398 1,835,080Rensselaer &Sar. January... 114,451 79,549 114,451 79,5498t.L.Alt.&T.H. ..'2dwkMar. 22,741 14,414 243,686 LW.SIS

Do (Urchs).2dwkMar. 13,520 10,723 130,990 114,0708t.L.IronMt.&8.2dwkMar. 111,100 86,486 1,284,363 856,241St.L. .feSan i'r.an.SdwkMar. 40,100 22,300 523,444 231,674St.Paul ..tDulHth. February . 33,214 22,646 71,405 46,078St.P.Minn.&Man. February . 137,643 317,884St. P.-iul.t8.City.. February . 94,024 66,976 195,893 140,521Scioto Valley ....3d wk Mar. 6,664 5,411Southern Minn. ..January... 50,128 37,151 50,128 37,151Tol.Peoria&War.'idwkMar. 27,712 22,004 252,615 216,840TJniou Pacillc....ll dvsMar 585,165 423,325Wab. St. L. ,!kPac.2dwkMar. 203,520 151,908 1,944,911 i,455,418Wisconsin Cent... February . 85,171 54,806 177,827 111,449Wisconsin YaUey.'idwk Mar. 6,255 3,733

Exchanec—The market for foreign exchange has not shownmuch animation. There is no change in the posted rates

of the leading drawers of sterling bills. On actual transactions

the prices for prime bankers' sterling are about 4 85(§)4 85.56 and4 88%, demand bills being weak. Cable transfers are 4 88^@4 89. Lower prices of grain are stimulating shipments to acertain extent.

Quotations for foreign exchange are as follows :

March 26.

Prime bankers' sterling bills on I..ondou.

Good bankers' and prime commercial. .

.

Good commercialDocumentary commercialParis (fraucs)Antwerp (francs)Swiss (fraucs)Amsterdam (guilderB)Hamburg (rcichmarks)Frankfort (reichmarks)Bremen (reichmarks)Berlin (reichmarks)

Sixty Days.

4 85>43'4 864 84%34 85i4

4 84 ®4 84i3

4 83is®4 845 20 IBIS'S5 21)4*5 19385 20 ®5 18ifl

40 ® 40>49458®9458®9458®9459®

93939593

Demand.

4 88ia®4 894 88 ®4 88>«4 87 ®4 87>«4 86is®4 873 17i3®5 lo^i5 18^®5 16''a5 17i9®5 165840^4® 40>a951s® 95»895%® "'95>«®95i«a

95»895i)«

9&5«

The following are quotations in gold for various coins

:

Sovereigns $4 84Napoleons 3 84X X Reichmarks. 4 72X Guilders 3 92Span'h Doubloons.15 90Mex. Douidoons..]5 45Fine silver barsFiue gold bare.

.

®.$4 88® 3 88® 4 78® 4 00^16 10®15 63

1 14»e® 1 15%preu».®%prem.

Dimes & ^ dimes. — 99%® par.SUver 143 and I28. — 9(l%® par.Five francs — 92 ® — 95Mexican dollars.- — 90 ® — 91English silver 4 73 ® 4 85Plus. silv. thalers. — 68 ® — 70Trade dollars — 9!»>4® — 99>aNew silver dollars — 99% » par.

1880.J THE CHRONICLE. 317

New Vork City BanKa.—The following atatement showsthe condition of the Associated Banks of New York City for the

week ending at the commencement of business on March 20, 13(jO:

Average amount of

Banks.

Hfw TorkManhattan Co...MerchantsMechanics'UnionAmericaPhoonlxOttjTradesmen'sFultonChemicalUerch'nts' Exch.Qallatln Nation']Bntchera'&Drnv.Mechanics' & Tr.GreenwichLeather Man'f'rsBerenth Ward...SUteof N.York.American Bxch..CommerceBroadwavMercantilePaolllcRepublicChathamPeople'sNorth America.

.

UanorerIrrlnffMetropolitanCitizens'NassauMarketSt. Nicholasghoe & Leather.

.

om Exchange.

.

ContinentalOrientalMarineImporters' t Tr..ParkMech. BkK. Aas'nKorth KlverKast IllverFourth NationalCentral NatSecond Natlon'l,Ninth National.First National..Third National ..

N. Y. Nat. Kxch..Bowery NationalN. Tork County..Qerm'n Ainerlc'nChase National..

Total

Capital.

tfixr-m. P'liiiitfmii' II V. Km. -«!<»'icinu««i.

The deviations from returns of previous week are as follows :

Loans and discounts Deo. »2,S!9,500 i Net deposits Deo. t5,842,sooSpecie Dec. 2,4«7.HOO I Circulation Inc. S.700LeRal tenders Dec. U7,300 1

The following are the totals for a series of weeks past:

Loans. Specie. L. Tenders. Deposits. Circulation. Akr. Clear1ST9. * t t t t $

Aug. ».... 272,8.16.000 19,824.100 50,435,500 253,230.200 20,682,100 580,036,5S3'• 16 ...274,811,000 lH,55.S.aOO 43,1174.000 24«,474,rt00 20,719,500 K0.'j,01-2.032•' 83.... 2113,570,100 19,iB1.100 41,H38,B00 285,»53,U00 2(),K27,.'>00 4S2,IV1K.3««'• 30.. ..258.180,300 1H,(SH4,700 41,27»,:i00 22S,S17,400 20,942,300 47'l,5«;J.Nfll

Sept. 6.... 287.386,800 19,733,800 40,088,900 226,635,000 21,372,300 452..345,«65'• 13..,. 256,96! !,400 19.878,800 39,481,100 223,572,900 21,603.500 507,108,348•• 80. ..,250,391,000 19,942.000 42.029,400 228.271,000 21,381,900 530,921,Wlfl" 27, .. .260,783,700 20,017.400 40,047,700 229,983.000 21,531,900 591,«59,5«0

Oct. 4.... 266.364.300 20.149,100 ;W,(i«3,500 231,920,700 21,932,400 747,278,5:i5•• 11.... 268,701,800 22.566.300 ,'!fl,438,500 232.780,500 22,080,100 741,448,440" 18..., 267,505,500 !!6,383.H00 3;^,097,700 232,805,800 22,286,(!00 798,960,746" 25 ,..289,483.300 27,682.600 30,151.700 231.66,8,000 22,448,700 781,277,728

Not. I....271 .238.600 29,675.300 28.615.900 234,412.000 22.800.500 865.862,8578. ,. .270.078,800 33,823,800 23,486,900 231,927.700 22.311,500 772,150.l:t4

•• 15....268.538.800 42.992.800 22,585,800 239,201,200 22,475,700 870,0«a,059' 22..,.278,194,400 50,006,700 18,985,^00 260,297,.S00 22,5,50,400 942,922,768" 29. ...273.419,900 52,'il0,700 16,771,';0O 247,195,500 2.3.0-il,MOO 779.955,847

Dec. 6....273. 101. 1 OO 54.771,000 14,673,200 217,030,100 23,255,100 850,848,848" IS....275,750,100 54,009,400 13,403,900 247,559,200 23,463,800 722,603,3^8,' 80....27S.098.I00 50.842,900 13,543,400 246,118,800 23,851,800 686,418,518• 27....277,6'*4,200 48,838,200 12,089,700 242,062,200 23,732,800 586,014,0731880.

Jan. 3....278,708,200 48,282,100 12.723,E00 242.087,100 23.748,800 804,197,943" 10.. ..276.116,100 51,473,500 14,097,800 248,995,600 23,812,900 657,695,280" 17....278,990,800 6:1,558,800 15,914,200 253,731,900 21.835,800 787,728,198" 24..,.280.068.600 51.8)2,200 17.143.500 257.483.700 21.882,900 743,123,031" 31...,2*1.194,500 50,312.800 18,588,000 258,875,800 21,529,900 772.270,885

Feb. 7....290.381 .800 62.994.600 16,44)7,900 2»4,404,200 21,683,200 720,978.130" 14..,.290.445,200 51,748,500 16,886,000 287,128,i00 21,599,6.10 683,453,3,57" 21, ...290,091,200 68.n87,200 15,505,600 271,601,000 21,2S2,200 705,314.114•• 28....29:),54o,800 57.4:8.300 14,188.000 271,012,800 21,174,000 725,419.835

Mar. 6....297.i:«i.500 58.055.000 1'3.130,400 271,483,400 21,002,100 885,011,025•' 13..,.297.236,900 57.927,800 11.6.52,400 270,381.000 20.967.100 827.801.84

1

" 20....291,4('7,400 55,440,100 11,535,100 264,588,200 20,975,800 748,481,804

NoTK.—With December 27 the Grocers' Bank disappeared from the Hat.

(lUOTATIIKMS IN BOSTON. PHILAUeiPUIA AND OTHBR CITIKS.

BBOraiTIKS.

BOSTON.Atcb. &Tcpeksl8tm.7i

do land grant 76do 2d7sdo lanalnc. 38..

Boston ft Maine 73OiMlon a Albany 78

do 88Boston 4L«wein«

d. «sboston ft Providence 7sSorl. ft Mo., landerant. 78....

do Nebr.68Eido Nebr.6a

Conn, ft PassumpBIc, 7f^, 189t.Xastern, Mass., 4 .]8, new. ,..

ntchburg KK., 6«do 7s

Fort Scott ft Gulf 7»Hartford ft Erie 78Kan. city Top. ft w ., 78, 1st

do an 78, inc..K. City Lawrence ft So. 4-j. ..K»«. City. st..Jo.ft(;. B. 8. .

Kan. ( IrSt. lo.ft '. H. loLlllle R't ft Ft. H , lth,7s,l8tNew Vorkft New E.,g. ;a. ..ItJgdensbnrg ft Lakn (;h.8«...'

lis 11S»1185<!U4133H

121«112

122114

102

109H

5««

109>i

107H67115

«7106^ 108^.... 82lOOW 101... IIUV

SSOUBtTIBB.

Old Colony, 78i'Mrolony,68Omaha ft 8. Western, 8s ....I'ueblo ft ."Vrk. Valley, 78Itutland 63,l8t murtVnrmout A <:aniicla, new 88..Vermont ft Mass. liK.,68

STOCKS.Atchison & Toneka .xAt bl I ft N'euraskaBoston A AlbanyIJoBlon A Lowel' xBoston ft MaineBoston ft ProvidenceBurlington ft Mo. in Neb, .xCheshire preferred. ... . .xChic. Clinton Dub. ft Mln....Cln. Sandusky 4 ClevConcordConnecticut KlverConn, ft l%ssunip8lc.... ,..xEastern (Mass.)Eastern (New Hampshire}..K'tchbursr .r.-. 3

Fort bcottft Gulf, pr lerrtCO coinm m

K. C. Law * ScuthiTii .,.

K. C ^t. Jo. ftrouQcU luffsLittle Pock ft Fart8mttli

109)i

143lO

133144X

70'*1S«

6141

ioe«

93

135«78143H93ii

l'J9

!b5>«

'55

70«1355

11SH805381

67Heon

iaoxrai'na*.

11513),53

dododododo

831I8Hes

113

1U7X

1U3

8I>»

xii

33

51H5U

1013«SIX

5854lOiH50

1734H

im

iiix

Manchester ft Lawrence—Nashua ft LowellSew Vork ft New Knglsnd...Northern of New Hampshire ...

Norwich* Worceater. ...xl87MUgdeusb.ftL. Cbamplalu .

do prefOld Colony ;"Portland 9»co ft Portimouth 108

Pulliiia Palure CarPuei.lo* Ark nsasBuHar.d, preferredVeruKiutft .Massachusetts..Worcester ft Nashua

PHII^AUKLPHIA.STAia ANU OITY BONDS.

Penna. 5s, g'd, mi.reg. or cp.

do 58, cur.,rer5 .;_.

58, rei.,1'^ -1892S8,new,reg,,ia»i-isu«i, 10-15, reg..l<77-'82.

68 15-25, reg., lS8i-'m^

do 68, In. Plane. reg.,187()

Philadelphia, 5«regdo 6b. ola.reg...do 6s,n.,rg..prl,.rto'95

do 6s,n.,rg.,lS95ftover 121

do 4.,v*ri..u- "•'

Allegiieuy county 58. coup..

.

Allegheny City 78. roK.Pinjtiurg 4s, coup.. 1913.....

do 58. reg. ft cp., Itli.

lo 68,g"l,d.rog... ...

Jo 7B,w't'rln,rg.*cii.

.10 78. «r.unp.,reir.. '.83-86.

N. Jersey 68. reg, and coup. .

.

do exempt, rg. ft coup.Camden County 6a. coopCamden City 68. coupon

do 78. reg. ft coup.Delaware 68, couponHarrlaburg City 6a, co upon .

.

RAILROAD STOCKS, t

Camden ft Atlantic...do do pref

Calawl88a.do pref.....

do new pref...........

Delaware* Bound Brook....

East PennsylvaniaBimlraft Wlllianisport.......

do *o pref..

Har P. Mt. Joy ft Lancaster.Huntingdon* Broad Top...

do do pref.

Lehigh Valley...Little SchuylkillJilnehlllNosquehonlng ValleyNorrlstownNorth Pennsylvaniapeonsylvaula.......Philadelphia ft EriePnlladeiphlaft Ueid ngPhlladelpblaft TrentonPhlla.WUmlng. ft Baltimore.Flttsburgjl'ltusv. ft Bun. . . .

.

doV pref.

Bt Paul* DuluthR.U. Cumdo do pref.

United N.J. CompaniesWest Chester CO nsol. pref....

WestJerseyCANAL STOCKS.

Chesapeake* DelawareDclaw»re DivisionLenigh NavigationMornsdo pref

j'eansylvanlaSchuylkill Navigation

do pref...

SusquehannaBAIUtOAD BONDS.

Allegheny Val., 7 3- 108, 1396... 1

do 7a, E. ext.,i910 -

do Inc, 7s, end.,'94

Belvldere Dela, 1st in., 68,1902.

rto 2d m. 6s. '8.1.

.

do 3dm. 6s, 'J7

Camden ftAmboy 63,coup,'8a loiji

do 6s, coup., '89 107do mort. 68, '89. ...

Cam. ft All. 1st in 78. k..'1-93

do Sim, cur. 7s, 1(79..

Cam. « Burlington Cj.68.'91. H2>«Catawlssa l8t. is. conv., 'd2,

do chat, m., 10b. '88

do new 78 i*iO

Connectlne 6b. 1900-1904

Chartlera Val,. lat in,7s.C..l90;

Delaware mort.. 68. various.. ...

Del ft Bound Br.. I8t. 78.1905 lisEastPenn. 1st mort. 78, '88

El.ft W'msport. ifct m., 78. 80

do Ss.perp 85Harrlsburg Ist mor* 6s. '8:1...'....

H. ft B. T. iBt m.78,g>ld.'90do l«tm. 7s, fd. g.'t9 .

do 2d m. 78. gold, 95. 109

eo iA m. f .ecilpg..78 OSdo 3d m.cons. 7fr, 'ao**

Ithaca* Athens Ist g d, I8„'9a ....

Junction 1st niori. 6*. '82

do ad mort. 68,1900

Lehigh Valley, lsi,6s,cp., 1898 ilS

"do do reg,, 1891,,. 118

do 2 1 m. Is. reg.. 1910. . ISOdo con.ni.. 6s.rg.,19«do do 68.' P..19.3

Little Schuylkill. Ist m.7s,'.-<2

North. Penn.l6tm.68,cp., 85. 10*

do 2d m. 7s,cp.. '96.

do gen. m. 7b. cp., 1903.

do gen. m. 7s, reg., 190'?

Oil Creek ist m. 78, coup.,'8i.

rlttab. TItusv. ft B., 7s, cp..'9t>

do ScripPa,&N.Y,C,* KU,7B. mi....

do 1906....

Pennsylv., Ut m.. «8. cp.. '80..

do gen. m. 6s. cp.. 1910.

do gen. m. 6s. rg.. 1910.

do cons. in. 6-. rg.. 1905

do cona.m.68. cp., 1905.

do Navy Yard 68, rg.'ol

Penn. Co ,63. regPerklomen ist lu.fis.coup., 9

Phlla.ft Erie Ist m,68. cp.,1' .

do ?'' v> 7". ' p.,'9b,

Phi •>. ewt'c ft N.T..lstm.Fhlla.* Bead. 1st iii.' s,'43.'j4

do do '48-.4>

do 2d m.. 7s, cp.,<J.

• In default, t Per share.i Cou. to Jan., T7- funded.

an

niMlis

WW

37

15

.18

128101

16

isoj*

io«14>v]5 IK656»«

10250S452lik33

71«11%

87H61

39

ooarnu.

ii4«':::;

113108

78)4

1U2H

114

10«H

112

Pbll.ft (lead. dob«a.,cp..'!rdo do cps. ot.do scrip, lg«t.

do In. m.7s, cp,18S6do cons. m. 7s, cp., 1911..do oons. m. 7s, rR.,l9ll..do cons.Ri/<.g.l.l>ll. .

< o LCD. ro. 6«, 90) . ..

do lii'p. m. e.g., 1897...do conv. 78, Iswi'do 7b, coup, off, *IS

Phll.ftlt.CoalftlroD deb. Is.«2do deb. 7s, cps.oSdo mort., 7s, l8M.i.

Phtla.Wllm.*B>lt.ls,'84 ..

PItU.Cin.ftSt. L. 7s, cou.,l«0(.do do 7<, reg.. Ill

Shainokln V.ft PotUv 7i>, 1(01Stiicbenv. ft Ind. Ist, (a, 1884.

Stony Creek Ist in. Is i907...

8unli. H»z. ft W..1SI in.58,'2<Suubury ft Erie lat in. 78, *y7..

yra.Oen.ft I orn". .In. s.l^S'exas * Pac. lat in .(a. g.,i905

do cona m..6«,g.,1905

Bid. Afk.

w«•g

118117 its

87H u«i

lUM111

Tex

do Inc.ftIn..6f,g.,190:

. gr .7a 1911

•9C,

1I8X112H1M>,

106)4

104113

too118)<

111111)

10»H

lOBX110

104

7e«1027»62

IDS111107100106111

113H.09110115117119112)4119

156)i117108)41506KS2M

CnlonftTILuav. lat m. 7s, 'y

United N.J. cons. m.6s. 'MWarren ftp. latm.ls. 'MWest Cheater cona. 78. '91

WestJersey 6s. deh..coup.,'K'do iBt m. 6s, cp.. 96.

do Ist in. 7s, 'IN

do cont. 8a, 1909 ....

Western Penn. ItU. »•,. p.:S99do (s P. B.,'96

CANAL BONDS.Chesap. ft Dela 1st 6s, rg./86Delaware Division 6a, cp.,T8.Lehigh Navlga.in.,«s,re(!.,'84

do mort. KK., rg ,'9:

do m. co.iV. g., r. g..'!M

do mort. goid. *V7. ..

do cons. m.78. rg.,19I

Morris, boat loan, reg., 188.1.

Pennsylvania 68. COMF-. -910.

Scbuylk. Nav.iat m.i)a.rg..'97.

do 2d m. 6a. reg., lio;

do 68, boai*car,rg.,13Mido 7s, boatftcar.ig.,:9.5

Susquehanna 6b, coup.. .9.8 .'

BALTIinOHE.Maryland 68, d-fcuse, J .* J..

do 6a, exempt, lb87

do 68, 1890, quarterly..do 5s, quarterly ,

Baltimore 6s, ,S91, quartdo 68,.8S6, J.ftJdo 68,189J,quarterly..,do 68, park, 1490, U.—Mdo 6s, 1893, M. ft S.do 6a,exetnpt,'^,M.ftSdo 68, 1900. Q—Jdo 63. mi, J.ftJdo 5-. I'J 6. new

Norfolk water, 38BAILBOAD STOCKS, Par.

Balt.ftOhlo 100

GO iBtpr<fdo 2d p.if.do Wash. Branch. 100

do Parkersb'gBr..50Northern Central SO

Western Maryland Sii

Central Ohio 50

Pittsburg ft Connellavllle..50BAILBi'AD BUNDS.

Bait, ft Ohio 68. 1880. J.ftJ. .

.

do 68. 1883. A.ftO.N. W. V«. 8d m..guar..'85.J4JPIttBb.ft ConnelT8v.'i8.'98.J»JNorthern Central 6b. '85. jftj

do 6s. 1900, A.ftO.do 6s. gld. 1900, J.ftJ.

Cen. Ohio 6s, Ist m..'90,M.ft 8.

W.Md.68,l8tm.,gr.,'90.J.ftJ.do 1st m.. .890. J. ft J..

do 2dm..guar.. J.ftJ..do 2d m..prefdo 2d m.jir. by W.Co.JftJdo 6s, Sd in., guar,, J.4 J.

Mar. ft Cln. 7s. '92, P. ft A . .

.

do 'id, M. ft Ndo 8s, 3d, J.ftJ

Union BR. Ist, guar., J.ftJ..do canioa endorsed.

CINCINNATI.Cincinnati 6s, i\>ng

do 7s T

do i'Sils t

do South. RR. 7-30S.+

do do 6s, gold.

t

Hamilton Co., 0.,68. long...tao 78, 110 5yr8..tdo 7ft T30B, long.t

CIn.ft Cot. Bridge at'k, pref.

Cln. Ham. ft D. lat m. 7», '80 +

do 2d m. 78, '85 t

Cln. Ham. ft Ind., 7s, guar.,,.

Cln. ft Indiana ist m. <8 t

do 2d m.78, '!7. .+

Colnm. ft Xenla, let m. 7a, '90

Dayton ft Mich. 1st m. 7s. '81t

do 2am.7s,'84.+do 3d m. 78, '88t

Dayton ft West. Istm.. '8i...t

do 1st m., 1906.

t

do 1st m.6s, 190l>

Ind. Cln. ft Laf. I8t m.78do (I.ftc.) lstm.7s,"8S't

Little Miami 6a, '83 t

Cln. Ham. ft Dayton stock.

.

Columbus ft Xenla stockDayton ft Michigan stock

—

do 3. p.c. sl'k,guarLittle Miami stock

I.Oi;iSVII.LE.Louisville 7s t M!<

do 6s,'S2to'87 + 104

do 68,'97lo'99 t 104;

do water6s,'87to'89.t 104_do water slock 6s,'97.t 104)4

do wharf 68 t '04)4

do spec'l tax 6a of '89.1 104)4

Lonl'VllIe Water 68, Ce. 1907 Ui7J4

Jeff.M.ftl.l8tm.(lftM)7k,'81t lOU

do 2dm., 7s 1|;1«do ist m.,78, 1906...t 11M»

Loulav.C.ftLex.lst m.7s.'»i» 115

Louls.ft Fr'k..Loul8T.ln.6s,'8! ....

Loulsv. ft Nashville— ,

Leb. Br. 6s, '86 t ;«>ist m. Leb. Br. Ex..7s,'80J6.t 104

Lou. In. do , as, •93...+ JOJJefferson Mad. ft Ind stock. 1U3

t Anil mtrrewt.

108

M

101IM

lU

10«

108SO

no1131101U5litlilW114114120129121121

112X121

157120

108M

101)4 10*110 118105 ,110114^ 115108 [110111 114io8)ili;o!<10811010811096)410811010971%48110HO

105107in»<118lOH1U610411018011,0)4103100106101)4tioe101)4103108

tlOl

ibe1027112554120

118)t

110I'MIIS120

180109),

40

100108

iVi»)<

106g

101105X108

n

105100lOStoo105105105vmi101iioxnous

105lOS109100

318 IHE CHUOi^KlLK. [•OL. XkX

QUOTATIONS OF STOCKS AND BONDS IN NEW YORK.

V, 8. Bondt and tictitie Railroad Stoeks are quoted on a pretiioas page. Prices represent the per cent value, w/uUever the par may be

STATE BONDS.

SECURITIIS.

Alabama—Class A, 2 to 5 . .

Class A, 2 to 5, smallClass B,5sClassC.atoB

Arkansjis—<Sh. funded7«, I.. Kock & Vt. Scott Iss,

7s, Meittu. 4 L. Kock RR .

7>, I,. R P. B. Jt N. O. RR,78, Miss. O. ft R. I* RR...7s, Arkansas Central RR.

Connectlcnt—68.Georgia—08Ts.new7s, endorsed7a, gold

Illinois—68,coapon, 1879...War loan

SKCIIKITIES.

Kentucky—«9Louisiana—7b, consolidated

7s. smaltMlchlgan-«s, 188378,18»0

MlB80orl-«8. due 1882 or '83

68, due 188668, due 188769, duelRRS69. due 1889 or '00

Asylum or Univ., due '82

KundlnB, 18U4-05^Hannibal 4 St. Jo., 1888.

do do 1887.,

New York-es, gold, reg.,'87

as, gold, coup., 1887 ....

6s, loan, 18836s, do 1891

BO103115102

1^108^109no

107107107117

8ICPRITIES.

New York-fls, loan, 18t>2 .

6s. loan, 1893North Carolina—«8, old.JW68, old, A.&0No. Car. nil., J. 4 J

do A.&Odo coup. off. J. & J,do coup, off, A.&0.

Funding uct, 1S««do 18<18

New bonds, J. &Jdo A.&O

Chatham RRSpecial tax, class 1

do class 2do class 3

OWo-fls.18816s, 1886

Bid. Ask.

1181192929lis1159595111118184SH3)4»H

102109

19 1

20

1^1

.l.i

Seccritibs.

Rhode Island—68.coup.'9S-9South Carolina—6s, Act .Mar. 23, 1869.

)

Non-fundablc j" "'

Tennessee—68, old68, new6s, new series

Virglna—6s, old6s, new, 18866s, new, 18676s, consol. bonds6s, ex matured coupon68, consol.. 2d series6s, deferred

D. of Columbia-SeSs, 1924.SmallRegistered

Bid. Ask.

114

365iJ30302222227S

93as

37WsoU

5425

94«

RAILROAD AND ITIISCELLAINEOirs STOCRS AND RONDS.

Railroad Stocks.lActxce precimulu quoted.)Albany* Susquehanna....Boston ,t N. Y. Air I... pref.

Burl. Cedar llapids & No...Cedar Fulls & Minnesota...ChlcaBJ A Alton, prefCley. * Pittsburg, guar

—

Dubuque & Sioux CityFrankfort 4 KokomoHarlemInd. Bloom. 4 Western...Intern'i & Gt. NorthernKeokuk 4 Des Moines

do do pref.XiOng IslandLouTsT. N. Alb. & Chicago..Metropolitan ElevatedN. Y. ElevutedN. Y. New Haven 4 Hartf

.

N. Y. OntJirio 4 West. ,pref

.

Peoria Decatur 4 Evansv.

.

Pitts, n. W. & Chic, guar.do do spec'l.

Rensselaer 4 SaratogaRome Watertown 4 Ogd...St. Paul 4Duluth

do do pref.BtoningtonTerre Haute 4 IndianapolisTexas 4 PaclScTbledo Peoria 4 Warsaw.

.

United N. J. RR. 4 Canal .

.

Miscellaneons St'ks.Adams ExpressAmerictn ExpressUnited States ExpressWells, Fargo 4 CoAmerican CoalBoston l.and CompanyBoston Water PowerCanton Co., BaltimoreCaribou Consol. MiningCentral Arizona MiningCentral N. J. Land Impniranx MiningColorado Coal & IronConsolidation Coal of Md..Cumberland Coal 4 IronDeadwood MiningExcelsior MiningOold 4 Stock Telegraph....Homestake MiningLa Platta MiningLeadviile MiningLittle Pitt!.hurg Mining . .

.

Mariposa L'd & Mining Co..do do pref.

Maryland CoalMontaub Gas CoalOntario Silver MiningOregon Railway 4 Nav. Co.Pennsylvania CoalPullman Palace CarQuicksilver

do prefSilver Cliff MiningSpring Mountain Coaletandara Cons. Gold Mining

Railroad Bonds.stock Exchange Prices.

Bait. 4 O.-lst 09.Prk.b.l9l9Best. U. 4 Erie—1st m...

1st mort., guarBar. Ced.R.4 North.-lst,5sMlnn.4 St. L., Ist, 7s, guarIowa aty 4 West'n.lst 7s

Cbesap.4 O.— Pur. m'y fund6s, gold, series B. int. def.6«, currency, int. deferred

Chicago 4 Alton—Ist mort.IncomeSinking fundJollet 4 Chicago, 1st m. .

.

Louls'a 4Mo., 1st m., guardo 2d 7b, 1900

St. I^. Jack. 4 Chic. 1st m.Ml8S.Riv.Bridge,lBt,s.f,68

Chlo. Bur. 4 Q.-8 p.c, 1st mConsol. mort., 7sBfl, sinking fund

Chlo. Rk. I.S P.-6S, CP..19179«, 1917, registeredKeok.4 Des M., 1st, g., 5s

Central of N. J.—1st m., '90.Ist consolidated

^ ^"L.^. assentedConvertible

do assentedAdjustment, 1903Lehigh 4 W. B., con., g'd.

_ do assent'dAm. Dock 4 Impr. bonds

Cblc.Mil.l°St.P._i,\X^^^Sd mort.. 7 3-10. P. D. .

Istm., 7s, tgold.B. D. ..Ist m., IjiC. Ulv48tm., 1.4 Mi8t m., I. 4 D1st m., H. 4DIst m..C. 4MCon. sinking fund '..

2d mortgagel(»t m,. 7« I .» T\ Jf-rt

!108t50'17«

}22-'

127,no!

ISO),

115'

'

SS5

««2«X117158!i

587117IISH

100-«

89)i

t:o

44j

;117H107108

108)4102

109!i!2o;<;

100

ii'e

98118H

105)4

107106

mi*10«tuo12894113112112

110115)4 --

ino I

:08)4

158«

119)4

111 111)4.w (V»

4H«105 1»7

12116

Kl\«im

.U?|33)4

«t«l

«I9i20

i34

'9"

2)4 »'42)4 4

111"21KI

114K1873

i«H75

• 3294

704454

122)4

117'IIH100

108108

103120 122

.. .1110108)4! ...

115)4l;i7iilfHi 117107)4 108M2Uli3110115

120llOWi

i

;i07)J

tI08llflJi

116)127L

116104)s;106IC4)4l

116)4 117127)s 132

«..

104108

11211211)4:112):

fcU)« 113,116

*no104u2H'n3t.... 139

Chic. M.4?t.P.—Continni'd.ii.-west div., 1st fls, 1909.Ist 5s, l.aC. & Dav., 1010.

Chic. & Northw.—Sink, t'dInt. bondsConsol. bondsExtension bonds1 St mortgageCoupon gold bondsRegistered gold bonds. ..

SiiiKlngfundIowa Midland, Ist m., 8s.

.

Galena & Chicago, exten.Peninsula, 1st m., conv. .

.

Chic. 4 Mil., 1stWinona 4 St. P., Ist m. .

.

do 2dmC. C. C. 4 Ind's—1st, 7s, s. f

Consol. mortgageC. St.L.4 N. O.- 'fen. lien 7s

1st con. 7sDel. Lack. 4 West.—2d m7s, convertibleMortgifge 7s. 1907Syr. BiL «h. 4 N. Y., 1st, 7sMorris 4 Essex, 1st m ...

do 2d mort.do bonds, 100(J

do conslruct'ndo 7s of 1871do Ist con., g'd.

Del.4Hud.Canal—Ist mortgage, '84

1st mortgage, 18B1do extended

.

do Coup., 7s, '94

do Reg. 'fs, '94

1st Pa. div., coup., 78, 1917do reg., '7s, 1917

Albany 4 Susqueh., Ist m.do 2d mort

.

do 3d mort.do Ist con., guar

Rens.4 Saratoga, 1st,coupdo 1st, reg.

Denv.4 R. Grande—lst,1900Brie—Ist mort.. extended2d mortg., ext'n 5s, 1919,

3d mortg.ige, 7s, 1883...4th mortgage, 7s, 1880 .

.

5th mortgage, 7s. 1888 .

.

1st cons, gold 79, 1920Long Dock bondsBuff. X.Y.4 E, 1st m., lOlBN.Y.L.B.4W.,n.2d,con.,6s

do Ist, con., f, CD.,7sdo 2d,con.,f.cp.,Ds,0.'»

Han. 4 St. J08.—8s, conv . .

.

HOU9.& Tex. C—1st, m. l.,7s

ist mort.. West. Div., 7s..1st mort., Waco 4 N., 78,«

2dC., Main lino, 8s2d Waco 4 N., 8aInc. and ind'y, 7s

Ill.Cent.—Dub.4Sloux C.lstDub. 4 Sioux C, 2d div...Cedar F.& Minn., Ist m..

Ind. Bl'm 4 W.—1st, pref. 7s1st mort., 7s, 19002d mort., 1909

Ind's Decatur 4 Sp'd Ist 7sInt. 4 Gt. North. l8t6s,gld.Lake Shore

—

Mich 8. 4 N. Ind., s. f., 7s.Cleve. 4 Tol., sink. fund.

.

do new bonds.Cleve. P'vllle 4 Ash., 7bBuffalo 4 Erie, new bds..

.

Buffalo 4 State Line, 78..Kal'zoo 4 W. Pigeon, 1st.Det.Mon.4 T., Ist, 7s.'1906Lake Shore Div. bonds...

do cons, coup., Istdo cons, reg., 1st..do 00ns. coup., 2d.do cons. reg.. 2d .

.

Louisv.4Nash.—Cona.m.,782d mort./Is, goldCecilian Brunch, 7s.. _

Nashv. 4 Ueciitur. 1st, is.L. Erie 4 West.-lst 89,1919Laf. B1.4 Mun.—Ist 6s. 1919Marietta 4 Cin.—Ist mort

Ist mort ., sterlingMetropolit'n Elev—lst,lfl08Mich. Cent.—Cons., 78, 1902Ist mort., 8s, 1882, s. f..

.

Equipment bonds

Mo.k.4 T.—Cons'.as's.'.iSM.^2d mortgage, inc., 1911 ....H. & Cent. Mo., 1st., 188«.

Mobile 4 Ohio—New m., 6s.Nash. Chat. 4 St. L.—1st 7s.N. Y. Central—6s, 18836s, 18876s, real estate68, subscriptionN.Y.C.4Hud.,lstm.,cp.

do 1st m., reg.Huds. R.,7s,2dra.,8.f.,'8B tHOCanada South., 1st, int. g. I ifO^Harlem, 1st m., 7s, coup. .126

„ , do Ist m., 7s, reg,... 126N.Y.Elevftted-lst. 78.1906 112N. Wlsnoniln—1«(. Pb I

102)f

110)4

102)4

,115,!no)4

113!-

103)4

122105!4105104)4111)4I18k115124HI

J11885)4106M109U107107114)4

eiii102110

100)4

110)4108)4I'.O

1161195<102

li5)i118122

117l'.8)4

10511011099X

101»109

102121

107)4102)46S108)4

114105

108M

126"

126

104)4

125

106

118>j

86)4

107)4

103

75'

84103)4lOV

119U2

124124

11399)4102

102)4122

103

Ohio & Miss.—Consul, s. t'dCons<jlidated2d consolidated1st ra., Springtieid div ...

Ohio Cent.. Ist m.. 6s, 1920.Peoria Dec. 4 E'ville, 1st 6sPacillc Itaiiroiwls—Central Paoiflc—Gold bds.San Joaquin Branch...Cal . 4 Oregon, 1 stState Aid bondsLand grant bondsWestern Pacillc bonds.

South. Pac. of Cai.-lst mUnion Pacific— 1st mort.Land grunts, 7sSinking fundRegistered. 89Collatentl Trust, Cs

Kansas Pac—1st m., 6s, '95, with cp.ctfs1st m.. 6s. '06, doDen. Div. 68 ass. cp.ctf,

do 1st consol. 6sPacific RR. of Mo.—ist m.2d mort,gageIncome,781st ra.. Carondelet Br. .

,

St.L. 4S.F.,2d68.claS8 Ado 3-6s. class Cdo 3-6s. cla9B Bdo lst6s,Peirce,C40

South Pac. cfMo.—1st m.Texas 4 Pac.— 1st, 68, 1905.Consol. 69. 1005Income and land gr't. reg

Pennsylvania RR—Pitts.Ft.W.4 Chic, 1st m

do do 2d m..do do 3d m..

Cleve.4 Pitts., consol., s.f

.

do 4th mort...Col. Chic. 41. C, latcon..

do 2d con...do IstTr'tCo.ctfs.ass.do do Buppl.do 2d do ass

Phll.4Head.—Cons. coup. 68Registered 6s, 1911Coupon 7s, 101 1

Registered 7s, 1911Improvem't, coup., 6s, '99

General, coup., 69, 1908. .

.

do do 7s. 1908...Inc. mort.. coup., 7s, 1896.Deb. mort., coup., 6s, 1893Deb. mort., conv.. 7s, 1893

Home Wat. 4 Og.—Con. 1st.St. I,.4 Iron Mount'n—Istm2d mortgageArkansas Br., 1st mort ...

Cairo & Fuitim, 1st mort.Cairo Ark. 4 T.. Ist mort.

St. L. Alton 4 T. H.—1st m.2d mortgage, pref

do incomeBelleville 4 80. 111., Ist m.

St. P.4 Sioux C—1st 6S.1919St. P. M. 4 Manlt'a—1st, 78.

2d mort.,09, 1969Tol. Peo. 4 W.—1st m., E.D.1st mortgage, W. DBurlington Div2d mortgage. 1886Consol. 7s, 1910Pur. Com. rec'pts, l8t,E.D

do Ist. W.D.do Bur. Div.

Ist pref. inc. for 2d mort.Ist inc. for consol

Wabash RR.-Mortg. 7sof '79

T.4Wab.,l8t ext.781st St. L. div.7s,ex mat.cp.8d mortgage ext.. ex coupEquipment bonds, 78, 1883Consol. conv., 78Gt. Western, Ist m., ex cp

do 2d m.,7s,'93.ex epQ. 4 Tol., Ist, 7s, '90,ex ep.111.4 So. la., Ist m.7s.ex cpHannibal 4 Naples, Ist

"

St.L. K.C&N.R.E.4K.,'Omaha Div.. 1st mort., 7sClarinda b.,6s, 1919St.Cbas.B'dge.lst, 7s. 1908North Missouri. Ist m., 78

West. Un. Tel.—1000, coup.1900, registered

Spring.VyW.Works—Ist 69Oregon R. 4 Nav.—Ist, 6s

INCO.ME KONIIS0894. Central of N.J.-1908.100101)4;115107

120)^

91)4128)4

Chlc.St.L.4N.O.-2d m. 1907CoI.Chic.4Inrt.C..inc.79,1890lnd'sBI.4 W'u-Inc. 1019..ind's Dec. 4 Sp'd, 2d Inc..Int. 4 Gt. Northern—2tl IncLeh. 4 Wilkes B.Coal-iassLake Erie 4 W'n-lnc.7s,'99Laf. B1.4 Mun.—Inc. 7. 1899Mobile4 O.-lst pref. deben2d pref. debentures.Sd do4th do

N.Y.LakeE.4W.Inc. Os. 1977Ohio Central-Inc. 1920..PporiH I>ec A K'vin#»—Inc

;iii«

1158C

104105

l(19)i

100)4112??11311511410454

116116108)495

105Ji109)s|

03)4'

102103

66"

i 129)4125

119)4j:08)482

;i«11011983BO97

112)4'

106

112)4,114

I

10996)4106

10074)476

St.L.I.M.4S.— 1st 7s.prf .int.2d int.. 6s. accum'lative .

.

Miscellaneous List.{Brokern' Quotations.)

HAU,ROADS.Atch.4P.Pk-6s,gld, ex cp.Bost. 4 N. Y. Air-1,,—1st m.Cent, of la.—1st m., 7s, gold2dStock

iCbic.&Can.So.—l8t m.,g.,7sIChic. 4 E. Ill.-S.F.c'y,f907.Income bonds

Chic. St. P.4 .M'polis—l8t,68Lundgrant income. 6s.

Chic.4 Southwest.—7s. guarCin. Lafavette 4 Ch.—1st mCin.& Spr.-lst, C.C,C.4I.,78

1st m.,g'dL.S.4M.S.,7s,Pac— I»t,7s,ld. gr.jg

Erie 4 Pittsburg—1st m.. 'j^

Denver I

*80tsot80J80

119

85'

83'

85

90

68)4 70tll3)4|ll4102«I103.... 105

107 108tlOl112H102)492

tll5108)4 104

tllO 111,95)4 96)4

;isi"

tl30)4 131

6665

,99H108?<105 106X104)^40 4499« loov.-107 108'^104)4

1 103 107

tl08)4113 113M

107?4 idsCi116)4 116'i,ll.'i)4 120115

92 93)4

86)4 87t75 8040)4

5567 7273)4 74

6454 P,6

• 67 7174)4 ';4*<.

45 48)*3734 ;h6)4

t ... 7053 54.i'* 5«

Con. mortgage,7s, equipment..

Evansv. 4 Crawfordsv. -78.Flint 4 Pere M.—Ss, I'd gr'tConsolidated 88Stock

Oalv. H0U8.4 H.—7s, gld,'71Gr'nd R.&Ind.—lst,7s,l.g.gu

1st. 79. id. gr., not guar...Gr'nd R.4 I.— Ist, ex l.gr.,7sHous.4Gt.N.— lst,7s,g.l«00Indianapolis 4 St.L.—1st, 7sIndianhp.A Vine—lst.78, grInternational (Tex.1—Ist. 6sInt.U. & Gt. No.-Conv., 88.Kansas 4 Nebraska— 1st m.2d mort

Long Island—1st mortgage.N.y.4Greenw. L.—lst,78, n.

do 2dN.Y. & Oswego Mid.—StockConvertible bonds

N. J. Midland—Ist, 79, gold2d mort

New Jersey So.—1st. 7s. newSt. Joseph 4 PaciBc—Istm.2d mortgage

St. Jo. 4 Western stockSt.L.4 S.E.-Cons., 78, g.,'94St.L.Vandalla4 T.H.—Istm2d mortgage, guar

South Side (L.I.)—Ist mortSouth Minn.— 1st m., 7s, '88.

1st mortgage, 7s (pink)

—

ExtensionTol. Can. S.4 Det.—1st. 7s, gUnion 4 Logansport—78U. Pac.—South Branch

Sontliern Securities.{Brokers' Quotations.)

STATES.N. Carolina.—New 4sSo.Carolina—Con., 6s (good)Texas-Os, 1892 M.4 S,

78, gold, 1892-1910 . .J.4 J,

7s, gold, 1904 J.4 J.Virginia-New 10-408Past-due Coupons.—

Tennesssee State coupons.South Carolina consolVirginia coupons

do consol. coupons...RAILROADS.

Ala.4Chat.—Rec'rs ctfs.varAtlantic 4 Gulf—Consol.Cent. Georgia—Cons, m., 7bStock

Charl'te Col.4 A.—Cons., 782d mortgage, 78

East Tenn. 4 Georgia—68.

.

E.Tenn.4 Va.—69,end.TennE. Tenn. Va. 4 Ga.—1st, 78.

StockGeorgia RR.—78

StockGreenville 4 Col.—7s, iBt m.

7s, guarMkcon 4 Aug.—2d, endors.MemphiB4 Cha'ston—l8t,782d. 7sStock

Mississippi Cent —Istm., 782d mort., 88

Miss. 4 Tenn.-1st ra., 8s, A1st mortgage, 8s, B

N. O. 4 Jacks.—1st ra., 8b. .

,

Certificate, 2d mort.. 88..Norfolk 4 Petersb.—Ist, Ssl8t mortgage, 782d mortgage, 88

Northeast., S. C—Ist m., 8b2d mortgage, 83 ,

Rich.& Dan.— ist consol., 6e

Southw. Ga.—Conv., 7s, '86,

Stock8. Carolina RR.—iBt m., 7s,

Stock7s, 1902. non-enjoined—Non-mortg. bonds

West Ala.— Ist mort., 8e

—

2d mort.. Ss. (riisr

90)482)4

100lOfi

1136928629890

105)49910710210510890100106)490103!00872090

108)41047510075

10610044774310762)4227

90328388652585

•108+929710510096

97)497

7498

+ 103+ 111+ 11238

10401080

801061119510695

1107011610410510085981089740102107119100Ml113115103115120110102)4107107100176540114lU

117613286:0292107100110104106X110100105

101892495110)4105)485

so"107

46"8049110es25

91602810011296100110104

to"103100

7810210611211339

29

20'

84

1001081131001071001021021127S119

961061089940105

122"104lis115«

loi"

104110108no217045116118

nominal.+And aocraed tnttreit. » No price to-d ay ; th«B« ar* Utut quotoWone made this WMk.; i No qnoUUos to-day; Utest sale this week

M.4Rcn 27 1S50.I THE chroni(;le. 319

NEW YORK LOCAL SECURITIES.

Bank Stock LUt.

COHPANIXK.

Mark'dthuni*)are noi Nai ..

? Amount

America'Am.Kxcbange.HowerybroadwayButchera'&Or.CentralCbaoe....-'ChathamChemical,Clilzena'CityCommerceCoBtlaenial ...Corn Kich'ge'..Kaat River ..

11th Ward'....FifthFifth Avenae".FlratFourthFultonOalJatln...Gerinao Ar^.'Uerman E.tcIi.'GerinaniB' ...

Greenwich',..Grocers*HanoverImp.A TradersIrvmgIsland City ...

LeatherManuf.Manhattau* . .

Manuf. AMer."MarineMarketMechanics*Mech. Asfloc'n.Mech'lcs A Tr.Mt!rcantlleMerchants'. ..

Merchants' Ki.Metropolis",

.

Metropolitan..Murray iiUI'..Nassiiit*KewYcr.S.V.Co'uitj..g-r. N. ixJli.NinthKg. America".North River'.Oriental' ....Paciao-ParkPeople's'PhenUProduce*.Republic ...St. Nicholas .

Seventh ivardSecond . .

.

Shoe A LeatherblxihState of N. YThirdTradesmen's.

.

.

OnionWest side

10010010025)a1001002'

ion2n

IIKI

1001001002Sif,

100100100100!10

no

lOll

1002S3010010060."0

1005020U»1002.^

SO251005050100100:oo10010010010010070.so

2550too2520501001001001001001001001004050100

S.000,0005,000,(X)0250,000

1,000,000800,000

2,000,000800,0004,'5O,00O

aoo.mvi(KW.OfKI

1,000,000'.080,0001,000,0001,000,000250,000100,000150,000100,000600,000

.'),«00,000

000,0001,000,00075t),flOO

200,000200.000200.000aas.ooo

1,000,0001,500,(K)()

500,000100,000800.000

2,050.000100,000400,000500,<X)0

2,000,000600,(K)0!;(X),iK)o

1,000,0002,000,0001,000,000300,000

3,000,000

Suri'losAl latestdates. {

I'lTISBIIDS.

I'criod 1S78,

100,0001.000,0002,000,000200,000300,000750.000700,000240,000300,000422,700

2,000,00041l?,500

1.000,000123,0(0

1,500,00'

I

600,000300,00'300,000500,000200,000S00,000

I 1,000,0001,000,0001,200,000200,000

1,412,100l,.S7ll,4'Ki

188,4iK)

I.IM.UDOh'J 2-)0

E.tHtO00,200

13"i.Alu

.1,2 r« 7001 •ju.uOO

1,473 SOU2 '77.400

lr»,0(iO

8'J0,10o111 .OtP

14,CiX>

jS.'HH)201 (K)(l

I.I97,"01]e<W40C8C7.100763,2Jl'

57 100ttO,10;.

57,Z301.1 20..

2^.1)0(1

20fl 2 ( . „ „1.801.000 (• 4,

J

mHj *J.

;,027.7X) F.AAU',500!.J.4 J.

l.ft .1

VI,&NI. ft J

J . £ ,1

,.A3

l.'&'V'l-m'Iy

.1 . « J ,

M,&N>.&.].I.& J,F.AA,I,*,l.I,*.I

'. & J,

ii-j.i.&j.Si. AN.V.40'.A A.May.

vi:*NI.* J.I. A.I.

lOrt.aoo

271.10091t<.SO073.10U14,000

171.30)850,8001 12.8005U700

l.lll.HliO77.245 400

780,10048,8007SC00105,700123.60070,'ilO

ir.!.noo211,50»332.5'X)12i*,000178,00053.800

637.500lltf.BOO52,8009^,400

170,10045 230

287,800SM.UO;/256 500895,3)01 17.800

I. A J.I, A J..).A.I.M.AN.

u!an.I . A J

.

1. A J.I, A J,f.*.'J, A J.

•I, A.I.

J.A.I.F. A A.J.tt.l..,A J,J,AJ,.1, A J,Q-F.1. A J.I, A J.J, A J.

F.AA.

J.'a J.:. A J.J. A J.J.A JM.A N,J.A,I.J.A J.U.ANI.A.I

A1008108

10

3H

6«

3910673

10

IS79,

1'^1018«7S«

lOO8

108

Last Paid.

Ian., '80. sliSov. '7». 3/an., •«,'. 3.Ian., 'HJ. 8Ian.. '89. 3Jan.. '80. 3HKept. '79. 8Jau., '80. 8Ja... '80.25

Ja „ 'W. 3Nov„';9. 5;ai.,'*0. 4Ian., '80. 9iiFeb ,

'SO. 5I in.,

'

InlyJau.,

12067?«2^4638

7148

"s7

3

8^4

f

912588

6^

7810673

^"8

867

"7

812

•SO. 3U'78. 3'm. 3

Ian.,

Jan.,Nov,"ct

,

Feb,,May,N(,v.,.Nov.,Ian.,

*an.,.I>.n.,

Jau.,Jan.,Jan,,J.n.,Ian.,

Ian,,

Feb.,-Jan.,Jan.,Jan.,luly,Feb.,Jan.,Jan,,Jan.,tan.Jan.

P«ioa.

215'80 S•80 bX'79. 8),'7^1. 4'80. m79. 579. 379. 3•n. 3"80. S%

,'80. 7

Jan., '8'>. 4.Ian., '78. 8Jan., '00. 4

Feb., 80, 3Wluiy, '79. '%.....Jan., '80. aji'iijInn,, 80. 4Jan., '80. 4Nov, 79. 2Juiy, '79. mMay, '79, 3

'^0 3)4'80, 3'90. SW'cO. 5

..„..'80. 6Nov. '7». 2«Jan., SO. 4.Ian.. '80. 4Feb.. ;80. 3JiJan., 80. 2)^July, '77. 8Ian., '80. Si,

•SO. 4•80. 2X•80. 3'SO. 3K'79. 3'74. 3>j'80. 4'60. 3'81. 8•80. 8•80. 1

„»„., '80 3Nov, '79. 3>«Jan., '80. SiiJan., '80. SJ4Nov, '79. 4Jan.. '80. 6

115

1'20

23312d

140

Ul128H

1:0

105

121

Uld. .\slc.

18128110170O

210142110

129

153

00

1301U8

ISO

120

108

,140

123

_ .„„„ .... . . i» ., .. itt mvu.. o^/. \j 1 . .

^i^'^f ^!^^%^ '" '*>'" column are of date Feb. 27. 1880, for the Nationaland of date Dec. 13, 1879 (hitest return made), fir the State baiiks,„G**«nd City Railroad Stocks and Bonda.

.

I Gas yuolalions !>} Ueorge H. JTeutlss, BroKer, 'U broad atreet. I

banks

GlS COMFAKIZB.

Brooklyn Gas Light Co..Citizens' Oas Co (BkUn) ....._ ,

do bo^dsHarlemJersey City A Hobok'en!;'!ManhattanISetropolltan !!!!!!!!!.'!

dp CerllllcalesMutual, N. y "..

do boiids. .".".".".'.*.'.'!

Nassau, Brooklyndo scrip ,',

Hew TorkPeople's (Brooklyn).."..'.!!!;.!

do do bondsr. ?° , • - *° certificates.Central of New York ...WlUlarasburg !!!'

do scrip !!!!!!!Metroi>olltan, Brooklyn.Mnnlrlpal ., !!!!!

do bon'ls !!

Fulton Municipal !...

Par.

28^

201,COO

602060100V r.

1001,000

26Va .

10010

1,000Var.5060

Var.100100

Amount.

2,000,0001,200,000315,000

1,850 000750,000

4,000.000 I . A J'i,500.00oUl . A Sl,000',000rvI.A8.

Period.

VarVarA.AU.F.AA.J.A J.

6,000,0001,000,0001,000,000700,000

4,000.0001,000,000300,000300,000486,000

1,000,0001,000,0001,000,0001,.'SOO.OOO

750 000

Qiiar,F.A A.Var

M.AN.Vf.AN,I, A J.«,*N.J. AJ.F.A A.Quar,J.A J.M.AN.

M.AN.

V

&Date.* Bid.

6 Kov. '71 1172i4,Feb;. '80 887 I8«S !003 Feb. '7b 657 Jan., '80 1406 JU"e, '79 1705 Feb ,

'80 1303« Feb ,,'80 1001>< Ju y, '79

188268lOJ

2S Feb., -fO 603^ Nov, '7M 904 May, '79 100»H Jan., '76 f(<

7 1397 »<)

Shi Ja-p,, 'W 753 AUi.,'79 50m Ja-., '80 72*43A* Jau., '8<l lift

2H Jan., '(<0 665 Jai., '80 K6S 1S86 105

Ask.

:20~72

1115

661521-5135102

'2

10452t<951022795866>7710060202110

I 100 /l.50J,000| '....) 195 jlOOivnotatlons i.y a. L. uba..>t. Broker, i4!i Broauway.)

Bticker St.<t Fullonl'err)/—ilk. 1001st mortgage 1,000

Bro-id'oa[/ xf StventhAve—n1i. 100lit mo.-t((ane 1 000

Br^vUl/K LiH>—stock 101st mortgage 1,000

B'oadiDiti/ (hroakli/n)—HocM. 100Brootlyn it Hunter's «—stock. 100

Ist mort^fage bonos 1,000iSu.Aliitet ylc. («'*'/vn)—stock.. 100Ctitrat n.,y.,ti:. Ktver-n&. 100CopBolUWtPd rnortcapebon* s 1.000

CArlefop/ler <t Tsnli «.-stock 100Bei'ds 1000D a Vuclc, t\ B. itBaueriz-Bin 100Ist mortgHg^'.cons'd 500Ac

Btih'Ji ,4ren tie—Block 100Istrajrtsage 1000

4M .ii.<t Oranil St Jierri/stoci 100iBt'Tortg.Mfe 1,000

CenlrnI 'Yo»» 'Joion- slock. .. 100Ittmorfgige 1000

Jlomt.ii, Wstia.<tJ^v.F'ii—tts '100Ittin rtg.ije 500

oeeena Av.nue~nocX 100j,dm>rt4aire 1,000' ons. CouvertUlo i.oooEKtciBon 500AC.

Sixth Atertue- stijck 100Utmortg.ge 1,000

Third Avt Lie—iioer. 100Is'. ..linage 1,000

Twtnti/:'iiri>itreet—t:oe.x.... 100lUt .r.'<rt'f

I1.000

900,000 J. A J.eM.uooiJ. A J

2,100,000 Q-J,1,500,000 J, AD.2,000,000300,000200.000100,000800,000500,000

1,800,0001,200,0006.«0,0<i0

260,0001,'.!00.000

900,000l,000,')no203,000748,000•.!38.000

800,000200,000250,000500,000

«-F,M.ANQ-J.\. A O.J.» .:.

J. A J,J, AJ.J, ADF.AAJ.A J.

J AnQ-J.J, A J,M,AN,A.AO.

M.AN

J. A.'1,199,500 J. A J

A.AU.

M.AS.M.A.^,J. A J.Q-F.I * J.F.AA.

150.0001,050,000200,000750,000415,000

2,000.000y,a')o,ooo600,000

II

?< Jan., '"O; 18 \ 217 |J'ly,1900 9SH ICO2 Jan..'''0' 797 .lol7."84 104)i3)4 Feb., SO 1607 Nov.,'8'1102S Jan. , 'SO 1402 Oct., '79 957 IBS'* jlOO2)4' Jan.. '80 853 Jan., '30 707 I)ec.l902 lf82)4 Feb., '80 607 l>'lio

4 Feb., '80

,tui.e,^»3Jau ,

'80

'H"., '81

Feb., '80

Apr. , '93

2V).«io M.A N,

Nov.1904

86no11016J10017011025HM20

luly, '94 96Jan., '80 46Apr ,'86 louMay, -M 02148ept..'8< 90Hay. '77 l'i5

July. '90 105Fe-'.. '80 1,'50

iuiy.'9(ri0JFeb,. 'SO 1(15

y, 'OH I OM

82)410615511015010010295721103305U51161751101801153')

1013)100

9^

1151K510511')

108

.-^r."' '•^'T "St dividend on »tocM, but the date or maturity ot ^<m(l «^ Thu li an extra civldend.

Insnrance atoek LUt.(QuotaUona by K. S. Baii.iT. Broker,? Ping stra«t.]

COMPAKisa.

American -t

American KxcbBoweryBroadwayBrooklynCitlseDB*. ...1OttyClintonColumbiaCommercial ...

Continental., t

KagleKmplreClty....Ezc'iangeFarragutFiremen'sFiremen's Tr.,FrankllnAlimr.

Capital.

far. Amount

50lOo2.1

2.1

17207010030601004010030501710

100German-A mer. ' 100Germanla,GlobeGreenwichGuardianHamiltonHanoverHoffmanHomeHopeHoward... A..,I:nportera'A T.,

IrvingJefferson., . ,.

•*

Kings Co, (Bin)KnickerbockerLarayetle(Bkn)Lamar..

,

LenoxLonglaVBiii f '50LorlllardManur.A Build.ManhattanMech.A'rrad'rsMech'lcs'(Bku)Mercantile., .

Merchants'Montnuk (BknNassau (Bklyn'NationalN.T. EquitableNew 7ork FireN. y. A BostonNew york CityNiagaraNorth Klver....PaclUcParkPeter Cooper...People'sPhenlxKellefRepublic tKutgers'St.NlchotaB....StandardStar IIOOSterling !00Stuyvesant 25Tradesmen's.... 25United states..] 25Westchester... 10Wllllamsb'eC.I 60

80602510015SO6010025605010030204050100.25

3510010026505050505087l63510010010050282510020505060100252550

400,000800.000800,000800,000183.000800,000810.000880,000800,000200,000

1,000,000800,000200,000200,010800,000804,000180,000200,000

1,000,000600,000200,000200.000200.000180.000600,000200,000

3,000,000Ifff.OOO

800.000200,000200,000200,010150,000280,00<,150,000200,000180,000200,000300.000200,000250,000200.000150.000200,000200,000200,000200,000200,000210.000200.000200.000800,000800,000380,000200,000200 000150,000160,000

1,000,000200,000800,000200,000200,000200,000600,000200,000200,000300,000250,000300,000•250,000

NetSurplus,Jan. I

I880.'

DiTionrm.

1877. 1878, 1879. Last PaJcL

478,87162,846886M0800,404196,4174t'e,.179

163,489130,83»

8,728112,401

1 108,181644.41278,8581-9,166

1S8.83368,9%78,147

138,442876,«96752,7.'V4

118,251S4.>),749

22,908180 806685,94584,530

13'.i0,78i

4,089116,81678,9'i26,48>

290,776193,014

4,988134,90797,66031,104

883,83384,202

182,909140,928238,186 _16:t,606'2036,832 10U9,7B2 20

181080802020ir«1892812-SO801418161818

io

20401020101010101818181080102010108010182030

14108080208010-7213N'ne1818 40801010161011

10)410801880801011

109,951147,011101.513318.3051»0,18S20.0881,066

617,458108, '.48

399,0628'J,737190,043103,739467,0'^43,57726,726173,33410,841

189.000121,69128,519

137,084102,389215,465121,502443.695

1820142017

lb"12112020'<»

18201010201012-3517>4101620181020

10221010

717)41010101010101010•to

818101018101210202010181220102014N'neN'ne11108012201818108

209

8'23

'^1410121020

1018-«8IS101018

l7«710141030712W201010

108)4108081410101851210208010131020101812

s"128JO1280121010

„S«20109-': 312S)41010111020

Jan.Jai.Dec.Feb.Jan..la-.

Feb.Jan.JulyJan.Jan.Oct.Jan.eb.

Jan.Jan.Jan.Jan.Jan.Jan.Ian,Jan..ian.Jan.,Jan.,'an.Jan.,<an.,Jan

.

,

Jan.,Jan.,M«r.Jan,,Jau ,

Jan..Jan.,Jan,,Ian,,Jan,,Jan..Jan.,Jan.,Jan,,Jan..Jan.,Jsn,,Jan.,Jan..Jan.,Fe^.,

Jan!!Jan.,Oct.,•'an.,Jan.,Jan.,Jan.,Ian.,Jan.,Jan.,J^n.,Feb ,

Ian.,Jan.,Feb.,Ian..Jan.,Ja-.,Jan ,

-Jan ,

. '89.

. 'SO. 8, '79.10, '80. tt

,"80.10

. '80.10

. "SO. 8'80. 9'77. S'80. 8

,'80.8-86•79. 8to. 8)4

80. 7)4:*£' SHI«l, 8'80. %

i'''0. 8•SO 7'80. 6'?0. 7H•So. Si,•80. 7)4'80. 6'SO. 8•80. 5•79. Sh•HO. 8'80. 5'80. S•80 8'I-OIO'80. 8'80. 8'80. 8•80. 880. 8•to. 4•80. 8'SO. 8•80. »80. 7'80, 5•8.. 8•so. 880. 7•80. 8'80 8'SO. t>

Paios.

Bid. Aak.

185W8

lue170190!17130fo11517618096lOUIIW98105

'79. 8'80. 8•79. 4'80.10'80, 6'I' 0,10'80. 6'80. 5'80. 8•80. 3)4'80,10'80 S'80.6'23,-»'SO. 6 !l02

188188Uu260Hi12516J

12988

100976014017050117104851887S188lOSISO15075120115

lob16811080

1'6100200108180110125

1*8lib

lie181190

iW

i«i

IM

IM115

'to'

165'

91

132W

103

16655IS5

'80. 3)4•80 8'80 8•80. 8'>>0 8'80,10

701:2100127

203

1818)140

109

12070Its

140tto

130907118970ISO10680118ins1,T0

110

* Over all liabilities. Including re-lnsarance, capital and scrip.Includes scrip.

Oltjr Securttle*.

LQnotatious by Dahul A. MoSAir, Broker, 37 Plae Strset. ]

't Sarplof

IHTKRKST.Bonis

Pbiok.

Rate. Months Payable. due. Bid. Aak.

.ViU» rort:Water stock IS4i-«3. 8 reb.. May Aag.A Nov. 1880 100 101Crolon water stock. .1*15-51. 8 do do 1800 104 lOB

do do ..135a-«0. 6 do do 1883-1S80 1C4 107'.'roton Aqned'ctstock.1865. 6 do do 1SS4-19I1

1*4-1900100 ,lll«

do • pipes and mains... 7 May A November. 110 .124to reservoir bonds 6 Feb.,May, Aug.ANov. 1907-1911 109 I18

Central hai k bonds. ,1!I5S-S7, 8 do «e> 1S98 108 10»do uo ..lS5J-<5. 6 do do 18»5 l.-'« :o»

Dock bonds 1870. 7 May A November. 1901 180 12)1

do 1-75. 6 1808 107 109Market stock l86i-«8. 7 May A Novem!>er. 1894-1807 117 "2Impi jvemeutstuck U69 6 do do 1889 107 IDS

do (.0 ....1819. 7 do do is;»-i8eo 108 IISConsolidated bonds var. 6g. do do 1901 118 USStreet Imp . stock var. 6 do do 1888 lU2)i IS

7 1879-1882 102 106New Consolidated S K. January A July. 1886 -113 lisWestchester County 7* do do 1894 118Conscllc.alel >

5

QuB'ti-rly.May A November.

\9m 106 10sAssei meat 1884 108 lfl«

[QnCationB by N. T. Baaia, Jr., Broker, 1 New at.]

JSrooit^yn-Local Im -r'em't-Clty bonds

doPrtrkbonds

,

Water loan bondsBridge bonds•Water loan.City DonosKings Co. bonds

do doPark bondsBridgf•AllBrooklyn bonds Hat.

Jaittary A July,do dodo lodo dodo doAG dodo do

May A Novemlwr.ao do

January a July,do do

I

1819-188018ni-Ih86!916-19241900-19-^41904 19121899-1905;1881-18961880-18HS!I8SO-IS881

1984,

1907-1910

.1.101102121l'^>

112,'*

|10»103116114114113

10311112a186l«4lisUS111lislisUS

[Qaotatlani by C ZABUskn, 47 Montgamery St.. Jeney Cltr.]

Jerttv CUv—Water loan, long.. .....

do 18»9-71Improvement bondsBaraen bonds

January A July.January A Jmy.

J. A J. and J * O.January and July.

18061902lBa»:190l

USO

tf'I

-.07

105;oo

108108lOB,101?

320 THE (JHRONICLE. [Vol. XXX.

%nvitsimtnts

STATE, « IT? AND COBPOEATION FINANCES.

THE INVESTORb' SUPPLEMENT.

The next number of the Isvbstoes' Suppi-bmekt will be issued

Saturday, April 24.

tS~ The " General Quotations of Stocks and Bonds," occupy-

ing six pages, and heretofore published in the Chkoniclb on

the last Saturday in each month, will hereafter be published

the first of each month. These quotations will be published in

the same issue of the Chbosiclb as the "Financial Review of

the Month," giving the highest and lowest prices of stocks, &c.,

AvA will appear on the first Saturday in each month. Pursu-

ant to this arrangement, the " General Quotations" are not in

the Chrosiclb to-day, but will be published next week, April 3.

INDEX SINCE MARCH SUPPLEMENT.The following is an index to aU reports and items heretofore

published in the Investment Department of the Chronicle,

since the last issue of the Investor's Supplement; annual

reports are indexed in black-faced type :

AtoMson & Nebraska 272Atlnnta & Charlotte Ail -Liue.. 272Atlantic & Great Western 297AlUntlc Miss. & Oliio 272, 298

Oontral of New Jei-sey 272Charlotte Columbia & All gimta. 271Chlca);o Burlington & Quliicy. 272Chic. Clin. Dubuque & Minn. ..296Chicago & Faciflc - V98Gliioago St. Paul & Minneapolis 2(i4

ChlcaKO & West Michigan 270Cin. lutlianap. St. L. <fc Chic... 208Cleve. Mt. Vernon & Del 271Oleve. Tuscarawas Valley &Wliceling 272, 297

Col. Chic. & Ind. Central 289Columbus Chio. & Ind. Cen— 274Cumberland Valley 296

Detroit Lansing & Northern. . .271

East Bound Freight Tariff .... 264EvansV. Terre Haute &. Chic . . 298

Crand Baplds & Indiana 272

Hannibal & St. Joseph 296Hartford & Conn. Valley 272Housatonic 273Houston & Texas Central 273

Indiauap. Cin. &. Lafayette 273Indiana Southern 298Mttle Pittsburg Mining Co. . . . 273Louisville & Nashville 273Louisville & Nashville—N. O.AMobile 273

Marietta Pittsburg & Cleve... 273Milwaukee <fe Nortnem 273Missouri Iowa & Neb 298

Missouil Kansas & Texas 295Missouri Pacilio 273Montpelier& WeU's Elver 272Nashville Chatt. <t St. L 298New Jersey Midland 273N. Y. Lake Erie & Western .... 273New Orleans AMoljUe. 273

Ohio & Miasiseippi 298Oregon Kallway * Nav. Co 289

Pennsylvania Railroad...274, 298Peoria Decatur & Evausville.. 264Pittsburg Cin. & St. Louis 298

<luincy Missouri & Paciflo 274

Richmond & Allegheny 274Richmond & Petersburg 271St. LouiP'Iron Mountain & So.. 298St. Louis & San Francisco.289, 298St. Louis <Sc Southeastern 299St. Paul & Duluth 264St. Paul & Sioux City 264St. P. Stillw. & Taylor's Falls.. 299Selma Rome &. Dalton 299Southern Paciflc 289ToxasA Pacific 274U. S. Transportation on I^ud-Grant Roads 264

Union Pacific 270Virginia State Debt 264Wabash St. Louis & Paciflo . . . 264Warwick Valley (N. Y.) 239Wash. City Va. MidL & G. 8.... 289Western Union Telegraph 264Western & Atlantic 289Wiscon.^in Valley 272

made to yield a price fair alike to producer and consumer. Toattain this result a simple compliance with the law of supplyand demand was agreed upon ; and as this plan is not accom-panied by any entangling conditions, it is just to assutaethat it will be fairly earned out.

" While the coal business ( from the eauses above stated ) hasbeen unremunerative and unsatisfactory, our railroad interestshave been steadily improving, and the results they show forthe year is a full endorsement of the reasonable anticipa-tions we have indulged in in regard to them. The Boston HoosacTunnel & Western Railroad has been completed, and the Albany& Susquehanna Railroad has now become a part of a greattrunk line between the West, Southwest and New England, anda large increase of earnings is assured upon that portion of ourproperty." » * *

"It is a profitless task to indulge in predictions, but themanagers feel that it is due to the stockholders to say that theprospects for the year upon which we have entered are morepromising than for any period since the suspension of divi-

dends, and they indulge the hope *hat the time has arrivedwhen a gradual return to our old prosperity may be reasonablyanticipated."Comparative statistics for four years are as follows :

INCOME ACCOUNT.

ANNUAI. REPORTS.

Delaware & Hudson Canal Company.( For the year ending December 31, ls7,i.)

The report of Mr. Thomas Dickson, President, haa the follow-ing : There were mined and sold for account of the company,3,054,390 tons of coal ; transported for other parties, 357,673tons of coal ; total, 3,412,063 tons of coal.

" The close of the year 1878 was marked by one of theseverest storms ever experienced in ot\r canal region,,whicfh wasaccompanied by an unprecedented freshet that caused greatdestruction and serieusly injured the canal and its appurtenan-ces. Repairs were made during the early months of 1879, andtheir entire cost, about $150,000, was charged to the current•xpenses of the year. The year 1879 will be remembered asmarking the lowest prices ever known in the history of the coaltrade. These were caused by over-production, a necessaryresult of the fatuous desire of managers to obtain large ton-nage and consequent prominence in the trade." * » »

" The forcing process that was the governing principle of theyear's business produced an enormous tonnage, largely in excessof any previous season. ' Rose-colored' statements as to thecurrent demand, and glowing predictions as to the future,together with the issue of paper prices that were never real-ized, combined to stimulate the trade unnaturally. Consumers,too, were induced, by published intentions of further increasein pnces, to lay in stocks of coal in advance of their require-ments ; so that business which, under ordinary circumstances,should have been spread over the months of October, November,December and January was nearly all done in the first twomonths. The natural result of this was that a surplus of notless than three millions of tons of coal was left to be carriedforward as a burden upon the new year. The sluggish demandfor coal and the general weakening in prices which marked themonth of January and the early part of February, 1880, con-firmed this view, and the trade was again threatened with arepetition of the ruinous competition that characterized theearly months of 1879. At this juncture wiser counsels pre-r uled, and, with singular unanimity, producers determined that• lal should no longer be given away, but that it should be

1876.Seceipts— $

Sales of coal 6,495,428Canal tolls.

Miscellaneous profitsCoal on hand (Dec. 31) . ...

Railroad earnings in Penn.Interest on investments. .

.

Balance

43,445381,048698,758306,911338,932

1877.$

4,638,87244,31328,900

341,036248,275294,312

1,147,322

1878.

.

$5,229,266

39,10080,146

672,785398,219341,78159,591

1879.$

1,764,47741,02591,408

535,264595.663326,635630,643

TotalDisbursem ent^—

Coal on hand Jan. 1Coal purchasedMiniiiK coalCoal transportation, &c. .

.

Canal freight and expensesRailroad freight, &cInterestTaxes and miscellaneous

.

Loss ou leased railroads. .

.

Balance

8,264,522 6,743,040 6,818,887 7,985,118$ $ S £

698,758 341,036 673,651737,628120,.599

2,754,778542,156

1,032,431428,840

1,187,886596,780555,404308,020

2,077,370488,073759,349422,746

1,157,352534,025605,367

2,264,228618,252820.438528,532

1,340,956406,883498,562

3,003,893641,951933,768830,427

1,234,449350,916316,059

Total 8,264,522 6,743,040 6,818,887 7,985,118

GENERAL BALANCEAssets—

Canal, &c , 6,Railroad and equipment., (i,

Real estate 8,Mines and fixtures 2,

Coal-yard, barges, &cLack. & Susquehanna RR. 1,

New York & Canada RR..Cherry Val. & Sharon BR.Coal on hand Dec. 31Advances to leased lines..Advances on coal royaltiesMiscellaneous assets 8,

Telegraph, and Car CoSupplies ou hand 1Cash on hand and bills re-

ceivable 2Profit and loss

AT CLOSE OF EACH FISCAL YEAR.

339,210,195,511,532,873666,849917,573,021,153

320,118698,758427,500521,179,088,71454,675

,319,604

6,3.39,2106,209,9818,622,9132,679,961897,287

1,021,1533,597,087314.871341,036385,374581,289

4,438,51269,410

1,089,853

6,339,2106,190,7668,643,7832,679,077877,784

1,022.2933,597,074305.991672,785439,020617,246

4,295,44569,410

958,667

6,339,2106,220,6698,795,6572,699,590720,487

1,022,2933,597,074300,000535,264368,773605,326

*4,480,70169,410

878,000

687,821 1,926,694 2,314,268 3,140,116199,660 587,185 1,208,726

Total assets 3»,285,099 38,714,292 39,610,006 40,981,301' LiaUUties— $ $ $ $Stock-. 20,000,000 20,000,000 20.000,000 20,000,000Bonds (sec Supplement). .15,116,OgO 17,010,500 18,333,000 19,837,000Sinkingfuud 274,545MiseeUaueous accounts... 2,846,230 1,703,792 1,277,006 1,144,301Profitandloss 1,048,323

Total UabiUties 39,285,099 38,714,292 39,610,006 40,981,301

* These raisccUaueous assets include the following: Boston Hartford &Erie, 1,420 bonds, $1,254,268, less sinking fund. i}!435,738—$818,530;Jeffci-Boii RR. bonds (108), $86,660; Albany & Susquehanna consols

(610), $005,338; Delaware & Hudson Canal Co., 1.891 bonds (746),

$746,000; sundry assot.s. $102,022. Stocks as follows: 9,000 sharesADianv & Susqu<'linnna, $900,000; 8,241 shares Rensselaer & Saratoga$822,137; simdry stocks, $100,012.

LEASED RAILROADS.

The reports of the railroads leased by this company for the

year ending September 30, 1879, as made to the N. Y. State

engineer, were published in Vol. 29, p. 518. The following

condensed statement for the year 1879 js now made, showing

the profit and loss of their leased railroad lines, being Albany-

is Susquehanna, Rensselear & Saratoga, New York & Canada,

and their branches.Expenses.

Operating railroads $946,769Maintaining railroads 519,602Malntainiug equipment.. 295,388

$1,761,760Rental.

Interest, rental and div-idends on leased lines. 1,707,138

Zamings.Passenger $1,056,052Freight 1,994,703Mis'ellaneous.Mails.

56,01046,072

Loss.Balance charged to prof-

it and loss account.Del. & Hud. Canal Co.

3,152,839

316,059

$3,468,898$3,468,898

St. Louis & Iron Mountain.

{For the year ending Dtcemb r 31, 1879.)

The annual report just issued supplies the following informa-

tion :

The gross earnings of the transportation department for theyear were $5,292,611

The operating and general expeuses 2,992,056

The net earulngs $2,300,555

The increase in gross earnings was $77'*,290, or 17'24 per cent

over those Of 1878. The gross earnings per mile of road (684^

Makch 27, 1880.] THE (JHRONICLR, 321

miles) were 17,732. The increase in net earnings was $354,599,

or 18-22 per cent over those of 1878. The net earnings per mile

ofroad (6b4^) were $3,361, against $2,843 for 1878, or 18-22 per

cent increase. The increase of earnings has been wholly in the

tran-tportation of freight, the total being $4,103,664, showing

an increase of $820,767. or 25 per cent over 1878. The number

of tons carried was 981,139, an increase over 1878 of 286,.537

tons, or 41-25 per cent. Tons carried one mile were 226,573,979,

against 170,988,859 in 1878. Revenue per ton per mile 1-81 cents

in 1879, against 1-92 cents in 18^8. The passenger earnings

were $981,151, a decrease from previous year of $$46,733, or

4-55 per cent. The total number of passengers carried was

652,767, against 600,556 in 1878. The total number of passen-

fers carried one mile was 31,348,280, against 32,696,103 m 1878.

he average rate per pa,ssenger was $1 50, against $1 71 in 1878

;

and the average rate per mile 3-13 cents, against 8-14 cents the

previous year. The operating and general expenses of the

road also show an increase. The operating expenses, simply,

were $2,701,434, an increase of $367,359, or 15-74 per cent over

those of 1878. But the percentage of these expenses to earn-

ings was 51-04, against 51 70 the previous year. And the

general expenses were $290,621, an increase of $56,331, or 2404per cent over those of 1878, being 5-50 per cent to earnings.

The Board of Directors in May, 1879, resolved that the gaugeof the road should be changed from 5 feet to 4 feet 8^ inches.

This was promptly done in June, at a cost of $195,169.

The income account shows the following :

OpcratiiiB aii<l Rcuenil expenses $2,992,056Intcrenlunil ci(lini)f,'o 24,318Interest on funded interest certificates 16,X20Interest on divisionul luortgage bonds, iucluding part of theprevious year ],742,8.'iO

Change of gauge 19.5,1 G>»

Taxes Aikansas tniRt lands. 1874 to 1878 \05,138Eogers Ix>comoti\<; Works judgment 50,400Discount ou .50 CM. 2d nioiteaee bonds sold at 80 10,000Equipment (cars desti-oycd in 1879) 18.550Interest ou preferred iuvome bonds, 1st and 2d 579, 1 74

1870.

137,570

1877.$

MlaccUaneoua

Total 2,518,300 2,368,520KetcamlQK* 1,483,6-16 2,131,902Perct. of opcr. exp.. 62-92 52-03

INCOUB ACCOUNT.ReeeipU— 9 ^

Net earnings 1,483,646 2,131,902DitburiemeniB— $ $

InU^rest on bonds 1,702,095 1,740,207Other Interest 200,203 3<.(0,1«9

Uise't on eou.m. bds. 8,100 007.8(H)Miscellaneous 33,084 32,825

1878.$

1879.

2,568,365

1,045,95056-86

1,045,050

1,814.600107,027

2.002,0562,300,656

56-54

«2,300.556

2,222,19440,438

84,000 '379,267

Bulauee, dcflelt . . 580,406 416,050 120,331

OENEBAL BALANCK AT CLOSE OP EACH FISCAL YKAA.

341,334

Ametg— 9 9 9 9Rondand eqnlpm't.. 44,755,806 44,900,7.35 45,237,715 46,604,907Rcalestate 780,228 7.53,.58l 6.50,977 508,813Lands 3,839,579 3,74-2,908 3,648,008 3,5.50,472Bills Attcc'tsrccelv'le 3-20,504 .500,629Mutcrials, fuel, &c... 204,094 241,382 198,310 242,312Cash on hand 35,798 208,4.58 432,365 380,802lueoine accoimt 416,951 1,116,081 1,236,415 1,677,753MlsceUaneous Items. 15,000 5,000 604,826 f656,67»

Total assets 50, 1 1 4,055

I,iabilitie»— SStock 21,510,2.53BdN.(Bee8ii'i'I.KMKNT) 24,797,000Ceitfs. .Si unfuiid. eou 2,203,505Bills payable & otheraccounts 1,375,570

Funded InterestInterest aeerued, &c. 114,300Enuipm't rcuewiilfd. 53,300

51,028,147

21,47i.l5125,909,0002,440,125

430,415

777;456

52,335,184

21,46i,l0125,009,000

53,210,959

921,458,90130,008,657

539,0292,438,1051,979,889

489,019108,21V

Jl,095,lll

Total $5,733,709Lees gross eanilngs $3,292,01

1

Interest on consolidated mort. bonds canceled 99,920— 5,392,431

Balance $341,337

"The funding arrangement provided for in the agreementmade between stockholders and bondholders, November 27,

1878, was carried into effect, the consolidated bonds and unpaidcoupons placed in the Union Trust Company, and the first andsecond preferred income bonds were issued. The total amountof these income bonds issued to December 31, 1879, was $7,992.-

657, leaving $71,000 consolidated bonds, $80,000 of Cairo &Fulton incomes, and $108,210 of unpaid coupons and certificates,

outstanding and y»t to be funded.. The payment of interest enthe divisional mortgage bonds was resumed on the first of July,in full, and has been continued, and the coupons paid in full

as presented. The amount of work done and payments madeout of earnings during the year, in addition to ordinary expensesand interest, have been very large. Grouped together, for thepurpose of showing the extraordinary burden thrown upon theearnings of the road during the year, they are stated as fol-

lows :

Arrears of taxes $105,138Extraonlinary legal expenses 04,409Judgment on contract 50,400Change of gauge 19.5,169Construction and equipment 305,810Red Klver bridge 74,471

Total liabUities... 50,114,055 51,028,147 52,335,184 .53,219,950-6-7-8, $105,139

;

mciit by Rogers' Ix>c<>mo'e Works, $50,400; change of gauge, $195,169.^

Total $855,400" Arrangements have been made for the purchase of the 450

leased cars mentioned in our last annnal report, and also for

400 new box cars, on easy terms of payment, running throughMveral years. We also added 50 new flat cars, 50 new carbodies for old trucks, 5 postal cars and 11 locomotives to ourequipment. Fortunately, we purchased 8,000 tons of steel rails

at such low prices that, as they arrive in the first half of theyear 1880, the increased value of the old rails for which theywill be substituted will very nearly pay for them. There arenow 203 miles of steel track on the line, and we hope to layover 100 miles more during the year 1880. Considerable newrolling stock will be required during the ensuing year in ad-dition to that already mentioned."Comparative statistics for four years are as follows :

ROAD AND EQUIP.MENT

1870. 1877. 1878. 1879.Miles owned A oper'd 685 685 085 685Locomotives 120 118 , 118 121Pass., mail & ex. cars 00 70 72 72Fi eight ears 2,580 2,594 2,507 2,591All other ciu-S 55 49 49 53

OPERATIONS AND FISCAL RESULTS.Optratione—

Passengers carried . . 015,492 570,703 000,556 052,7,57Passenger mileage .. . 29,158,441 33,403,0'29 32,690,103 31,348,280Rate per pass. p. mile 3-34 cts. 3-32 cts. 3-21 ets. 313 cts.Preight (tons) moved 611,841 074,052 094,601 981.139Freight (tons) mll'ge. 138,134,513 162,298,859 170,988,859 220,573,979Av. rate p. ton p. mile 2 05 ets. 1-98 cts. 1-92 cte. 1-81 cts.

Earnings— $ $ $ $Passenger 974,062 1,108.668 1,027,884 981,151Preight 2,842,761 3,208,749 3,282,898 4,103,005MaU, express, Ac... 185,222 183,005 203,539 207,795

Total gross eam'gs 4,002,045 4,500,422 4,514,321Operating Erpetisa—

Maint. of way, Ac.*..$

691,245$

553,718$

603,760Miiint. of equipment. 749.876/ 736,404 805,420TrauMport'n expenses 781,978 8.39,909 924,893GcnernJ expenses 110,009 147,976 168,372Taxes 47,721 90,463 65,918

5,292,011

s684,896942,692

1,073.8-16218,58572,037

* Includes taxes on Ark. trust lands for 1874-5-6-7-8, $105,139 ;Jodg-nciit by Rogers' Ix)c<>mo'e Works, $50,400; change of gauge, $195,16'-t This includes $509,846 of Arkansas land trust notes.

J This includes—On sundry eoupous due but not presented, $26,390;Cairo A FiLltoifllrst mort., payable Jan. I, 1880, $279 930; St. I»ul8 AIron M. first uiort.. payable Feb. 1, 1880, $110,600; do. second mort.,parable May 1. 1880, $09,731 ; Cairo Arkansas A Texas first mort., pay-able June, 1880, $8,438; Arkansas Braueh first mort., payable June 1,1880, $14,583; on Income bonds, $379,174.

Maine Central.

(For the year ending Deeen^r 31, 1879.)

The annnal report just issued has the following remarks:" We have now 53 miles of steel rails laid, and have pur-

chased 2,000 tons more to be laid during 1880. As this purcnasewas made prior to the recent large advances in prices, ourexpenditures in this department for 1880 ought not to be muchin excess of those for 1879." » * » "The San(iy River RR., of twofeet gauge, has been completed from Farmington to Phillips(18 mile-s), and was opened in Dec. , 1879. We trust that this

may prove to be a valuable feeder to the Maine Central, and wehave accordingly extended to its promoters every facility in

our power to enable them to complete their line and put it in

successful operation." » * * "In the year 1879 we hardly madeup the deficiency arising from the business of 1878, and we hadbesides to pay the large sum of $49,284 to the State for taie*of previous years. Unjust and oppressive as these taxes were,they have now been entirely settled, but onr profit and lo68

account bears witness to the fact that this corporatiom cannotexist and continue pay exactions of this character."There is appended to the report a brief history of the Maine

Central Railroad Company, with a synopsis of its bondedindebtedness (as given in the Investors' Supplembnt), whi«kexhibits in a condensed form the material facts relating to th«history and financial condition of the company.Comparative statistics for four years are as follows:

ROAD OWNED AND OPERATED.1876. 1877. 1878.

Miles ownedMiles leased and controlled

237118

855

237118

355

30847

355

18 7930847

366Total operatedOPERATIONS AND FISCAL RESULTS.

Operations—Passengers carried 693,1 99 611 ,345 565,006 563,364Passenger mileage 25,208.476 22,740,125 20,449,197 20,441,291Bate per pass, per mile. . . . 305 ets. 302 ets. 305 eta. 298 cts.

Freight (tons) moved 382,942 384,830 329,811 396,107Freight (tons) mileage 25,0-29,850 25,028,148 21,193,655 27,652,047Rate per ton per mile 3-34 cts. 333 cts. 332 cts. 2-87' cts.

Eartiings— $ $ $ $Passenger 709,6.57 688,036 623,718 010,425Freight 836028 833,541 702,668 793,690MaUT express, &0 120,812 126,578 108,302 104,253

Total gross earnings .

.

1,726,497 1,648^175 1,434^688

Operating Experises— $Mamtenauoe ol way, Ac.. 305,478Maintenance of eciuiitm'nt 1*25,856Transportation expense*.

.

549,045Taxes, insurauee, etc 29,088MlsceUaneous 32,014

274,163150,217531,90620,45726,795

247,703104,238470,96913,5764,219

' Including extraordinary dlBbursement on road, Ac.

Total 1,042,081 1,003,538

Nctcanilngs 684,416 644,637Per cent of oper. exp 60-36 6088

INCOME ACCOUNT.Receipts— 9 . . .'.

Net earnings 684,416Other receipts r-i-ic

Total Income .

.

Diebnrtements—Rentals paidInterest on bonds .

DividendsOther interest, eto.

5,436644.637

6,062

840,705

693,98358-00

$593,983

5,974

1,508,377

$255,601109.547486,08711,7027,042

869,979638.398r

67-67

638,39810,150

689,832 630,699 599,937 648,567

54,000502,99029,81464,553

54,0005-23,410

20,io9

54,000509,381

"3,845

54,000509,170

3,72a

Balamoe, surplus 38,487 47,180 def.27,269 21,«62

3'i2 THE CHRONICLE. [Vol. XXX.

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAK.s a $ $

buildings, Ac. ..10,006,657 10,006,4.32 10,019,932 10,018,152

ilirinKR. lease... 768,333 708,333 768,333 768,.33J

tr^ ...... 1,658 541 1,658,541 1,658,541 1,658,541E(iuii>iae:

Stocks owned, costBonds owned, cost

Fills & acc'ut« receivable „„„--,Materials, fuel, io ??T>?§iCashon hand ?M'452JJiscollaneous Items 130,777

26,195 41,902 20,195 20,195

158,786112,661129,591

151,35337,42795,785

94,202106,54720,821

3,620,10013,7<X)

8,706,011

51,2016,104

479,1.30

8,708,94212,95940,500

369,065

8,704,219

34,223

328,309

Total 13,048.676 12,876,246 12,751,566 12,686,851

81™",^"^" 3,60l,200 3,62§.10O 3,62§,100 3,62S,100

etock'of P. & K. RR. . . . . . 63,600Bonds (seeSurPLEMENT).. 7,703.584Bills i)a.vable ?28,920All other dues & accounts. 122,754Miscellaneous „l§'29iProfit and loss 608,757

Xotal 13,048,676 12,876,246 12,751,566 12,6^6,851

QENERAI. INVESTMENT NEWaBrooklyn & Montauk.—Judge Gilbert, in Brooklyn, haa

given pennission to Receiver Sharp, of the Long Island Railroad

Company, to lease the Brooklyn & Montauk Railroad (formerly

the Southern Railroad of Long Island) for fifty years, at a

rental of 25 percent of the total net earnings of the Long Island

Railroad Company and its leased lines ; and also to lease the

New York & Flushing Railroad for the same time at an annuai

rental of $18,000.

Chicago & Grand Trnnk.—Of this road, which is a consoli-

dation of the several lines forming the new Chicago route of

the Grand Trunk of Canada, a despatch from Detroit, March

25, says, the stockholders of the Northwestern Grand Trunk,

the Chicago & Northeastern and the Michigan Railroad Coin-

Sany have adopted resolutions afflrming the articles of consoli-

ation with the Indiana Railroad. The new road is to be

known as the Chicago & Grand Trunk. The stockholders of

the old companies will surrender their stock and receive newin exchange.

Chiciigo Milwaukee & St. Paul.—The directors of this com-pany have declared a dividend of 3% per cent on both commonand preferred stock. Following is the statement for 1879

:

By sross earnings $10,012,819jMta operating expenses, Including taxes 5,473,794

Balance $1,539,024Interest received on money loaned on accoont

ill 1879 69,066—$4,608,091To 3% I'cr cent dividend on preferred stock in

OcUilier, 1879 429,781T" 2% per cent dividend on conmion stock InOctober, ld79

To interest on bonds and payment on sinkingfund in 1879

385,106- 814,888

$3,793,203

2,357,407

Tot?.l $1,435,7953 "a per cent dividend on preferred stock inApril. 1880 $429,781

3^ per cent dividend on conmion stock inApril, 1880 539,149— 968,931

Balance $466,864—A Chicago report states that the fact was made known there

March 20th that the Chic. Mil. & St. Paul Railroad Companyhad bought sufficient stock of the Chicago & Pacific RailwayCompany to enable it to redeem the latter road from the handsof John I. Blair, who recently purchased it for the bondholdersat a foreclosure sale for $916,000. Of this, a dispatch in theChicago Time/t says :

" The fact that the Chicago Milwau-kee & St. Paul Company has purchased the Chicago & Pacificand Southern Minnesota railroads was practically a fact nearlya year ago, so far as the Southern Minnesota is concerned ; asan actual fact, over two weeks ago, so far as concerns theChicago Pacific. The inside history, as it refers to the Chicago& Pacific, and that has not yet been published, is that sometime ago the Chicago Milwaukee & St. Paul Company wentquietly at work and bought up all the Chicago & Pacific stock,except that owned by Joy, of Detroit, and secured a controllinginterest. Ihe more recent movement of the Chicago Milwau-kee & St. Paul Company has been the purchase of Mr. Joy'sinterest. The Chicago & Pacific, when completed, will have acut-otf for Milwaukee, and will, of course, injure this city,while it will benefit Chicago."

^

„.'f^« ^^V^go Milwaukee & St. Paul has also leased the SiouxCity & Dakota.

Cincinnati Hamilton & Dayton.-A press despatch fromCleveland, March 24, says:-"The report telegraphed by Asso-ciated Pres, from Cincmnati on Sunday, that the Clev. ColumbusCincinnati & Indianapolis road had purchased the CincinnatiHamilton & Davton road, seemed to be confirmed by the factsthat have been known in a quiet way here for several days At^^^iu^^^^lv^^^^'^f^^^^^ directors of the Columbus road,the matter of this purchase was decided upon, and brokers were

wZmal^&Lt\^"'k buying enough stock of the CincinnatiHamilton & Dayton road to get the controlling interest. Nearly

« tv,i If T^""^^required was purchased at less than 70, auH

?Li^-^ °* "^l\''

^^y'^"" "'"^^ '« only about 1?3,000,000, a con-tr^ling mterest has been purchased for about $1,000,000 "

tio?bnX^fl!rV*^pVr H '° [H '"*«•««* °f ""combina-tion, but for the C. C. C. & I. only, which will ultimately save, by

•*°^1"""''o» of the Dayton road, not less than $200,000 an-

Denver & Rio Grande.—In the litigation between the Denver& Rio Grande and the Pueblo & Arkansas Valley railway com-panies. Commissioner Rogers has filed his report, fixing thecost of the railroad through the Grand Can/on of the Arkan-sas to the mouth of the South Arkansas at $685,819. The RioGrande Company is to deposit this sura as security, and havethe road delivered to it under decree of the court.

Elizabeth Cltr Debt.—The Elizabeth bond cases werebrought before the U. 8. Circuit Court at Trenton, N. J.,

on a writ of mandamus, and rule to show causewhy the Common Coancil should not be attached for con-tempt of court, in not obeying an order of the court to

include in the tax levy the amount of $4,602, a judgment ren-

dered in favor of Robert and Peter Goelet's Executors. Thewrit had been served on Feb. 24, and on March 11 the Mayor ofElizabeth recommended to the Council to include the amountof the judgment as ordered by the court, but the Councilunanimously struck out the item. A meeting was held last

Monday night, when a resolution, not an ordinance, was adoptedthat the amount should be included in the tax levy, and a return

appending that resolution was the return made to the writ to-

day. Mr. Gerry insisted that the return was a sham and afraud, and the court held that no compliance with the order of

the court or writ has been made, and gave the Councilmen oneweek more to show cause why they should not be held to be in

contempt of court and punished therefor.

Greenville & Columbia.—This railroad, in South Carolina,

is to be sold at auction at Columbia, S. C, on the 15th of April

next, under a decree of foreclosure issued by the Court of

Common Pleas for Richland county. The sale will include all

the corporate rights, franchises and privileges of the company,and all the right, title and interest of the Greenville & Colum-bia Company in the Blue Ridge RaUroad, together with all

claims and demands against the Blue Ridge Railroad Company.

Long Island.—In addition to the lease of the Brooklyn &Montauk (South Side) Railroad, Receiver Sharp, of the LongIsland Railroad, has petitioned Judge Gilbert ia the SupremeCourt, Brooklyn, to ratify the new contract with the New YorkWoodhaven & Rockaway Beach Railroad Company. The latter

company is to be allowed to use the former's track and terminal

facilities between Rockaway and Long Island City and Wood-haven for 33J6 per cent of the gross earnings, and betweenRockaway and Flatbush avenue for 45 per cent of the gross

earnings. The Rockaway company is also to furnish the LongIsland Company money to build a second track from LongIsland City to Fresh Pond. The contract is for fifty years.

Massachusetts Central.—A special meeting of the stock-

holders has approved of the lease of the road to the Boston &Lowell Railroad. The lease provides that the line shall becompleted by the Massachusetts Central Company from theArlington branch of the Lowell to West Deerfield, with abranch from Amherst to Northampton, by November 1, 1881 j

that it be equipped with steel rails ; that the Lowell Road fur-

nish aU the rolling stock ; that the contract be for twenty-five

years, and the rent twenty-five per cent of the gross earnings.

Missouri PaciUc.—The United States Supreme Court hasrendered a decision in the suit of the Pacific Railroad Companyof Missouri, appellant, ts. George E. Ketchum et ol. This is

an appeal from a decree of foreclosure and sale entered in theCircuit Court of the United States fur the Eastern District of

Missouri on the 6th of January, 1876. As stated in the appel-

lant's case, certain stockholders of the Atlantic & Pacific Rail-

road Company in 1872 obtained a controlling interest in the

stock of the Pacific Railroad Company of Missouri. Theythereupon elected a board of directors for the latter companyin their own interest. These directors leased the Pacific Rail-

road Company of Missouri to the Atlantic & Pacific Companypractically in perpetuity. Subsequently, they (the directors

aforesaid) issued bonds to the amount of $4,000,000 in the nameof the Pacific Railroad Company of Missouri, secured by athird mortgage upon its property. This is the mortgage whoseforeclosure in the court below gave rise to the present litiga-

tion. It is alleged by stockholders of the Pacific Railroad

Company of Missouri (who are the real appellants in this case)

that the board of directors elected by the Atlantic & Pacific peo-

ple while the latter had temporary control of the road corruptly

and fraudulently permitted a default in the payment of inter-

est to cause the subsequent foreclosure. This court now holds:

That it has jurisdiction of the appeal, even although the decree

below was rendered by consent. That it distinctly appears in

the record that the Pacific Railroad Company of Missouri

assented, through its solicitor, to the decree of foreclosure andsale. This is equivalent to a direct finding by that court as afact that the solicitor had authority to do what he did, andbinds this court on an appeal so far as the question is one

of fact. That while it may be true that, under the peculiar

provisions of the company's charter, the stockholders have asort of supervisory power over the doings of the directors,

they cannot on appeal correct errors arising from the latter's

acts. If they have been defrauded, they must apply for relief

in the first instance to the court in which the fraud was perpe-

trated. The court fails to discover in the record any errors

which can be corrected on appeal, and the decree is therefore..4K^.^-,^A n^Ur. r'V.Jrtf Tnotirtji /liilJuaTiarl fliii nnininn This

d

J

affirmed. The Chief Justice delivered the opinion. This

decision shuts out the old .stockholders of the Pacific Railroad

of Missouri, and confirms the title of Jay Gould and others, the

present holders of that property.

New Jersey Midland.—The recent purchasers of the NewI Jersey Midland Railway have reorganized under the name of

March 27, 1S80.] THE CHRONICLE. 3^3" Midland Railroad of New Jersey." The foUowiDg directorswere elected : Jacob S. Rogers, Robert 8. HugheH, John J.

Brown and Garret A. Hobart of Paterson ; Henry Marks,Charles H. Burtis, Charles Parsons and Simon Borg of NewYork ; Henry Whalen of Philadelphia ; Frederick A. Potts ofHunterdon, N.J. ; John W. Taylor of Newark; J. F. Hall ofPoughkeepsie, and E. S. Francis of PittsHeld, Mass. Theboard of directors elected Garret A. Hobart, President ; CharlesParsons, Jr., Secretary, and Charles Parsons, treasurer. Themaximum capital stock was fixed at $3,000,000.

N. Y. Hoiisatonic & Northern.—The referee's sale of thisRailroad, which was advertised to take place at White Plains,did not come off, as just before the hour designated for thesale Mr. John H. Clapp, the referee, was served with an orderfrom Judge Donohue staying the sale until April 3. The orderwas made at the instance of Mr. Harrison Hall, a bondholderrepresenting $45,000 out of $2,000,000 of bonds, upon an affi-

davit of Mr. William Hinds, a railroad contractor, who said hevrouid bid more thta $130,250—the amount of the bid whichwas made at a sale February 28.

New York & O.swego MIdlond.—The JVew Fork Times saysthat the committee appointed at the recent meeting of repre-sentatives of the cities, towns and villages along the line of theold New York & Oswego Midland Railroad owning stock in thatread, to arrange either for a sale of the »tock, aggregating$5,800,000 par value, or for a loan sufficient to redeem theroad, have been in consultation with certain New York capi-talists, whose names they decline at present to disclose. Theyhave returned home, and were "unable to effect a satis-factory sale of the stock; but an agreement was reached and acontract drafted, which they have taken with them, to besigned by their several constituents, under whose terms thelatter are to turn over their entire holdings to the New Y'orkcapitalists, who on their part agree to furnish the $4,600,000necessary to redeem the road. This money is to be securedby the issuance of $4,600,000 of first mortgage bonds, andas a bonus for the advance the lenders are to receive inaddition $4,600,000 of income bonds. The original owners ofthe stock are to be given in exchange for their old shares,which are to be canceled, new stock in the reorganized com-pany, without any assessment. The present holders of NewYork Ontario & Western stock are to be admitted into thebenefits of the arrangement by being pennitted to exchangetheir holdings into stock of the reorganized company on pay-ment of an assessment of 20 per cent in cash." * * *

" The New Y^ork capitalists propose, as soon as the contractshall have been duly signed and the old stock placed in theirhands, to make a formal tender to President Conrad N. Jordanof the New York Ontario & Western Company, of the surawhich he paid for the old New York & Oswego Midland Road—$4,600,000—and claim possession. If it be refused, suit is tobe begun at once."The statute under which this proceeding is to be taken has

been quoted in the Chronicle (^March 6, p. 241), and its scopeand meaning are utterly uncertain. A suit brought wouldhave to go to the Court of Appeals, which would take severalyears. The offer of $4,600,000 cash will hardly be believeduntil the money is actually seen and felt; and the upshot ofthis whole operation (as we are informed by a broker whodeals in the Oswego Midland old and new securities) will prob-ably be that all the old stock and convertible bonds will beadmitted to the "present company on payment of 20 jSer centcash instead of 30.

Ogden.sbnrg & Lake Champlain.—At Albany, N. Y., March23, the Governor signed the bill to authorize the Ogdensburg &Lake Champlain Railroad Company to issue bonds.

Pennsylvania Railroad.—The statement of the business ofall lines of the Pennsylvania Railroad Company east of Pitts-burg and Erie for February, 1880, as compared with the samemonth in 1879, showsAn increase in Kro8.s euruiiigsof $106,537Ad increase in expenses of 347,341

gitg Cgmmemal "gimes.

An increase in net earnings $59,196

The two months of 1880, as compared with the same periodin 1879, showAn increase in gross earnings of $946,664An incrcaw in expenses of 540,702

An increase in net earnings of $405,!j62

All lines west of Pittsburg and Erie for the two months of1880 show a surplus over liabilities of $422,014, being a gainover the same period in 1879 of $296,117.

Selina Rome & Dalton.—At Montgomery, March 23, the Su-preme Court of Alabama rendered an opinion, deciding that thetrust deed of 1852 had a first lien on the whole main line of roadin Alabama, on the Government land grant and also to^a corres-ponding portion of rolling stock, the other portion of the roll-

ing stock belonging to the road in Georgia. A decree will berendered for the .sale of all property and franchises, includinggrants of lands, of the road in Alabama, which is 170 miles long.A despatch received by the officials of the Selina Rome & Dai-

ton road in N. Y. says, in reference to the Alabama SupremeCourt decision, that it confirms to the company all the road,subject only to the prior lien of the Alabama & Tennessee RiverRailroad first and second mortgages^, amounting altogether to

$600,000. The certificates of the receiver held by the SelmaRome & Dalton Railroad bondholders are ratified, and the landgrant of 450,000 acres is confirmed to the Selma Rome & Daltonbondholders free from lien.

COMMERCIAL EPITOME.Feidat Nioht. March 28. 1880.

The past week has been nearly a repetition of the previonaone in commercial circles. The weather has been quite coldand blustering ; trade comparatively dull, and the decline inspeculative staples even more general and decided. The moneymarket has also continued unsettled. In fact, the condition ofmoney is probably the secret of the general decline in specnU-tive values. Large stocks of very many descriptions of mer-chandise were everywhere being carried by our financial insti-tutions, and under the money pressure and feare of an exportof gold they have been let go, resulting in larger exports.This decline, therefore, and the decline in Wall street securi-ties, are corrective influences of benefit rather than of harm tolegitimate business and to the material interests of the countrj.Provisions closed a trifle firmer, under increased demands

from refiners of hird and exporters. During the week the mar-ket has been fairly active at generally easy prices. Pork soldon the spot to-day at $11 for old and $11 !S0 for new messj newmess for April at $11 25, closing at $11 30@$11 45 for Apriland May, and $11 55@$11 65 bid and asked for June. Lard soldon the spot at 7'60@7'62^c. for prime new Western ; and for April

at 7-50@7 60c., closmg at 7-52^@7-55c.; May 7-57^@7-67Xc.closing 7-60@7-62>6c.; June 7-62^@7-70c., closing 7-65c.; seller

the year 7-47^^ 7"50c.; refined to the continent 7'90c. Baconwas a trifle firmer in Chicago at 6'60c. for long and short clear,

and quoted here at 6'90@7c. Cut meats, beef and beef hamsare quiet but firm. Butter and cheese and eggs are ia goodsale at steady rates. Tallow quoted at 6}ic. for prime.

Rio coffee has been quiet most of the time, and prices harebeen more or less depressed at 14@14^c. for fair cargoes ; mildgrades have remained very quiet at nominally the same prices

as last week. The supply of coffee is ample, and the slowness

of trade has a weakening effect on prices. Rice has sold freely

at firm prices, or 6%@7^c. for Carolina and 6@6^c. for Ran-goon. New Orleans molasses has been in good demand andfirm, while grocery grades of foreign have sold but moderately,

though prices have remained steady ; refining grades early in

the week were active for cargoes to arrive, and the markeadvanced to 41c. for 50 deg's test, but since these have come in the

demand has slackened, and the close is quiet at a reaction to

40c. Raw sugar has been quiet, the sale of the refined product

having fallen off, and refiners not feeling inclined, after their

recent large purchases, to proceed until the market improves ;

consequently raw has of late been slow, and to a great extent

nominal, at 7?4@7%c. for fair to good refining and 8%,c. for P6

degrees test centrifugal.

Hilda.Receipts since Marcli 1 , 1 880. . . . 53,407Sales since March 1 , 188P 48, 137Stock Marcli i:4, 1880 39,760Stock Marcli 26, 1879 22,417

Refined sugar has been quiet,

crushed, powdered and granulated.

Ocean freight room has shown a marked improvement darings

the past week both in business and the rates realized. Thetonnage in port has been considerably reduced, and a firm tone

Erevails at the close. The business to-day embraced grain to

iverpool, by sail, at 5)4d. 60 lbs ; do., by steam, quoted at 75<@7^d.; bacon taken at 30@32s. 6d., butter and cheese 35s.; floor

quoted 33. per bbl. and !i0@22s. 6d. per ton ; grain to London,by steam, l%d. standard bushel ; grain to Glasgow, by sail,

5%d. 60 lbs., sack flour 18s. 9d ; grain to Hull, by steam, "Did.60 lbs.; do. to Bordeaux or Antwerp, excluding Rouen. 4s. 1)id.perqr.; do. to Genoa, Leghorn or Naples, 4s. 7>6d.; do. to

cork for orders quoted at 4s. 10?6d.@5s.; refined petroleum toAntwerp quoted at 2s. 7?6d.

The market has been very dull for Kentucky tobacco, thesales for the week amounting to only 350 hhds. Prices arenominally as last quoted. Seed leaf meets with a moderatejobbing trade, and sales for the w^eek are 1,080 cases, as follows :

650 cases crop of 1878, Pennsylvania, 9@20c. ; 56 cases crop of1878, Ohio, 70 cases crop of 1878, State, and 200 cases crop of1879, Wisconsin, Havana seed, private terms; and 100 cases cropof 1878, Wisconsin, 7@14c. There has been a fair inquiry forSpanish tobacco, and sales are 800 bales Havana at 80c.@$l 10.

There has latterly been a dull and uninteresting market fornaval stores. Spirits turpentine closed at 48jS^@49c. andcommon to good strained rosins at $1 45@$1 52}^. Petroleumclosed weak under the prolonged inactivity ; refined in bbls.

here quoted at 7%c. United certificates have been variable,

and close at 88!>^c. bid. Metals of all descriptions, wool and,in fact, general merchandise, has been dull, and prices more orless on tne decline. Ingot copper has remained quiet at 22^@22?4c. for lake.

Boxes.740858448

8,770

Bags. Melado.202.373 2,947150,701 1,564653,470 2,803522,985 2,915

latterly at 954@9J4c. for

324 ITHE (mRONlCLE. [ToL. XXX

COTTON.Fbidat. p. M., Marcli 26, 1880.

Thb Movkmknt of the CROr, as indicated by our telegramB

from the South to-night, is given below. For the week ending

this evening ^Ma^. 2(5), the total receipts have reached .53,419

bales, against 4i),611 bales last week, 04,368 bales the previous

week and 78,451 bales three weeks since, making the total

receipts since the 1st of September, 1879, 4,447,669 bale?, against

4 119,220 bales for the same period of 1878-9, showing an increase

since September 1, 1879, of 328,449 bales. The details of the

receipts for this week (as per telegraph) and for the corresponding

weeks of four previous years are as follows:

Beeelpt8 this w'k at 1880. 1879. 1878. 1877. 1876.

Kew Orleans

Mobile

27,057

2,341

3,805191

3,5004,654

364,694113788

6,579

661

16,667

2,808

2,888

8,194

5,527104

10,543793

1,821

9,414

1,939

22,0165,246

2,761693

8,222

4,13615

12,541

2251,895

6,876

843

14,2i)0

2,026

1,287£09

2,7791,770

23

3,794

35766

2,932

426

25,461

5,466

4,569

PortKoyal, Ac 3783,219

Galveston 5,997

Indianola, <!ko

Tennessee, &o

1455,481

61

North Carolina

Norfolk

1,538

7,266

City Point, &o 331

Total this week ... 53,419 60,698 65,470 30,397 59,912

Total since Sept. 1. 4,447,669 4,119,220|3,893,458 3,731,049 3,757,676

The exports for the week ending this evening reach a total of

67,973 bales, of which 43,767 were to Great Britain, 11,562 to

France, and 12,644 to rest of the Continent, while the stocks as

made up this evening are now 784,575 bales. Below are the

exports for the week and stocks tonight, and a comparison with

the corresponding period of last season.

Week EXPORTED TO— TotalthisWeek.

SameWeek1879.

STOCK.

endingMar. 26.

GreatBritain. France,

'Conti-nent. 1880. 1879.

N. Orl'ns 11,935 11,562 2,562 26,059 27,173 270,651 221,707

Mobile.. 3,953 .... 2,625 6,578 9,168 46,192 27,038

Charl't'n 5,469 5,469 3,848 29,574 18,798

avan'h. 5,574 5,574 5,345 37,624 26,689

Galv't'n- 6,489 1,883 8,372 4,849 40,886 25,740

K. York. 5,000 5,000 3,322 283,055 188,086

Norfolk-- 6,213 6,213 1,240 26,593 13.988

Other*.. 4,708 .... .... 4,708 4,004 50,000 26,000

Tot. this

week.. 43,767 11,562 12,644 67,973 53,949 784,575 548,046

Tot.Blnoe

Bept. 1.. 1853.669 303,015 6^0,158 2836,842 2879,172

• The exports this week under the head of " other ports" include, from Bal-more, 3,758 bales to Liverpool ; from Boston, 801 bales to Liverpool ; fromPhiladelphia. 46 bales to Liverpool.

From the foregoing statement it will be seen that, comparedwith the corresponding week of last season, there is an increase

in the exports this week of 9,024 bales, while the stocks to-night

»re 236,!i29 bales more than they were at this time a year ago.

In addition to above exports, our telegrams to-night also give

ns the following amounts of cotton on shipboard, not cleared, at

the ports named. We add also similar figures for New York,which are prepared for our special use by Messrs. Carej, Yale &Lambert, 60 Beaver street

:

On Shipboard, not cleared—for

Mar. 26, AT- Liver-pool.

France. OtlierForeign

Coast-wise.

Total.

LeavlnfiStock.

Hew OrleansMobile

35,5537,9002,200

12,0007,175

8,8412,8001,500900563

7,6162,0001,0507,8002,080Notre

1.231None.15030050

ceived.500

53,24112,7004,900

21,0009,868

217,41033,49224,67116,62431,018

283,05570,093

CharlestonSavannahOalvestonNew York...Other ports 6,000 None.

14i6"o4

None. 6,500

Total 70,828 20,546 2,231 108,299 676,366

The speculation in futures opened the week on Saturday la«t

with an appearance of firmness, but an early advance on that day

was not sustained, and in the course of Monday and Wednesdaythere was a decided decline in values. The reduction was great-

est in the Summer months and least in November and December.

This depression was caused almost entirely by the large stocks

at the ports and at interior towns, showing an excess last Friday

of 378,479 bales over the corresponding date of last March.

This exhibit, supplemented by the fact that Bpinners are carry-

ing much larger stocks than last season at tliis date, and by dull

Liverpool accounts, encouraged the bears to make a strong attack

upon values, while the bulls did not exhibit the courage of someweeks since. The narrowing of the range between this and the

next crop has continued to make progress, and on WednesdayAugust and September were only l'55c. apart instead of l'75c.

two weeks before. Yesterday the opening was firmer, but free

notices for April delivery caused a decline. The close, however,

was rather better. Cotton on the spot has been dull, and on

Tuesday the quotations were reduced l-16c., and closed yesterday

quiet at 13ic. for middling uplands. The Cotton Exchange last

evening adjourned to Monday.

The total sales for forward delivery for the week are 641,900bales, including free on board. For immediate delivery thetotal sales foot up this week 2,540 bales, including 703 for export,

1,706 for consumption, 131 for speculation, and in transit. Ofthe above, bales were to arrive. The following tables showthe official quotations and sales for each day of the past week:

The following is our usual table showing the movement ofcotton at all the ports from Sept. 1 to Mar. 19, the latest mail dates:

RECEIPTS 8IN0B EXPORTED SINCE SEPT. 1 TO—Ports. Great

Britain. France.Other

Foreign Total.Stock.

1879. 1878.

V.OrlnsMobile.

Char'n*

Bav'h..

Galv.*

.

H.YorkFlorida

W. Car.

Horfk*Other..

1321,066331,990449.376698,473433,786

165,951

19,484

98.963

643,432

231,729

4394,250

1086,140340,121497.102

659,154623.058

131,134

51,155

127,314490,338

153,006

653,548

54.393

133,481

169,191175,773

215,995

22,668

186,800168,053

208,016

6,791

16,914

17,76.7

20,964

19,522

1,479

197,513

10,830146,005196,727

43,536

40,309

10,4474.577

17,570

1059.07772.014

296,400

383,685240,273305,826

33,115

192,856

185,623

274,057

54.220

31,531

41,559

47,686

282,441

4,583

33,684

47.500

Thlsyr. 1809.902'291,453|667,514 2768,869 817,261

Last jear 10.58,522 1038,669 369,315812,239 2820.223 579.279

fl^li-I'.'Jl''''? *'?'l "if^"'^" i'

"lo'aded Port Royal, *c.: under the head ol

B f^^ ' •le'i^e'' IniUanola. *o.i under the head of J/orfolk is Included eitj

Mar. 20 toMar. 26,

UPLANDS. NEW ORLEANS. TEXAS.

Sat. mon Tues Sat. inon Tae« Sat. non. Toes

Ordin'y.^ptt)Strict Ord..Good Ord..Str. G'd OrdLow Midd'^'Str.L'w MidMiddling...Good Mid ..

Str. G'd MidMidd'g FairFair

Il''l6111316I2I4I2I212131613133i613'l8I3II16143,61415,8

ll'ie1113161214121^12131613133,6IS'isI3iiie143,61416,6

ll'ie111316121412 1212131613133i6137,61311,6143,61415,6

119j6111°1612381258121516I3I8

135i6i39;613l3i614516I5I16

119j6ll'»16123812=8

1215i61318135,6

13;*16145ia151,6

119,6111516123812=8121Bie1318135,6139,61313,6145,6151,6

119je111*16123812!>8

1315161318135,6139,61313,614516I5I16

119,0111^161238121^1315i6I3I8

135i6139,6131316

I5I16

ll«16111*1«12381258

1315ig1318135i«1311,,

13lSie146,8151,8

Wed113311%l-'3l6I27l612%I21616131«1338131>8141814''8

Tb.1Frt. Wed

1113ll's125i6129i61278I3I16I3I4

131a13%141415

Th. Frl. Wed Til. Fri,

Ordln'y.^B)Strict Ord.Good Ord..Str. G'd OrdLow Midd'gStr.L'w MidMiddling...3ood Mid..Str. G'd MidMidd'g FairFair

113811%123l6127,612%121516131813381358I4I81478

;

CQ

aso

ll's12516129,61278131,61314131313%I41415

c

q

111.1178

125i6129i61-278

I3I16I3I4I3I913%I4I415

Ilia117e125ia129,61278

131i61314131913%I4I415

«•a

E

1q

STAINED. Sat. mon Tues Wed Th. Fri.

Good Ordinary.... »»>. III412l'25ie12%

111412125i612^

II1412125,612%

ll^is111*16I2I41211,8

11>III616I2141211,6 nLow Mlddlij

Middling...

MARKET AND SALKB.

3at.MonTuesWedThursFrl

Total I

SPOT MARKETCLOSED.

Quiet, but Steady.QuietE..9yEasier, at 1,6 dec.Dull, nominal

SALES OF SPOT AND TRANSIT.

Ex- Con- Spec- Tran-port. sump, ul't'n sit.

2002.>3250

120709449205223Goo

703: 1,706

131

dFri

131

day.

Total.Deliv-

Sales. eries.

320 68,00096:6993362i3

112,600141,000149,800170,500

2,540 641,900 2,600

40050O800500400

The daily deliveries given above are actually delivered the day pro

-

riouB to that on which tttev are reported.

For forward delivery the sales have reached during the week641,90 ) bales (all middling or on the basis of middling), and the

following is a statement of the sales and prices :

For March.Bales. Cts.

800 1!!»2

1,100 1283600 12- 4BOO Iii95mo 12-1)6

1,000 12972,200 121'9200 1800

1,000 1301I.UOO 1302100 1303100«.n.23J.lS 04200 1304

l,g00 .. 130510O8.n.'24lhi;V 7

],liOO 1310100 13114,0 1313

13,100

For April.1,500 12-82

12,400 12-93

18,800 12-U4q,8U0 12«511,8 12904, 00 12972,200 12«SiSil' 12'99

•,100 IS-O8,100 18017,700 If02e.OOO 1803

Bales. Cts.7,400 13 043,800 13055,300 IS-OB1,100 1307600 1308

3,300 130J2,000 ;3-io200 1311

1,6 13-12fOO 13-13

2,800 18-144.H00 13-153,100 1316BOO 13-17600 13-18

2,900 13-198,100.... 13-20100 13-21

137,800

For May.700 13-11

1,600 1812i.iOO 131320,800 l;i-14

19,500. l:l-r>

16,400. . . 18-162,8'0 131i4,000 13-18V.IOO 1.3-19

IS.hOO 13-.011,600 13-21M.WlO 13-22

6,200 13-23

Bales. cts.6,100 13-24

10.400 13-i54,1)00 13-214.300 18-276,900 18-281,200 18-296.000 13-301,300 1331400 13-32700 13.13

3,6(10 13-842,400 13-362,500 13-36

1,100 13-»72,500 13-335, 00 13-392,500 13-40

1,000 13-41

186,500

For June.300 13-28

1,600 13-2 1

7, 00 13-06.900 13-iil

7,300 l.s- 2l-i,800.. . . IS 83

,

17.100 13-34I

4,-,i00 13-358,700. 13-36

17.-.;00 18-37 I

14,000 18 3810.600 ;3-39

I

7,40o 18-40I

Bales. eta..900 18-41

3,200 18-482,41.0 13-432,800 18-448.800 13-4S4,400 lS-4«1,800 18-47100 18-48

2,500 18-49400 .13-60

1,100 13-61MOO 13-6a3, 00 13-584,401 13-541, 00 1S-6S900 sa-6s

4.800 13-571,400 18-58900 13-60

166,800

For July.200 13-41

1,200 13-421.700 18-432.8il0 13-449,800 13-468.400 .-.12-48

5,80' 13-471,400 13-48•;,000 lS-48o.WIO 18-604,500 lS-512,400 18-W

.MAlwn 37, 1880.] THE CHRONK'LE. 325

'Baleii.11,800..300. ,

»,V»...aoo...soo...TOO..000...100...100...

}8I:;:1,M0..soo...

1,700...soo..,900. ,

i,aoo..,soo...

es,»oo

For Aogait.soo 13-49

1,TOO. H-50,

TOO 18-51

SOO. 1.1-5'J

8,000. la-isl7;100 18-64«,S00 13-S3 I

8,000 13-5SI8300 13-»7tZfiOa 13-5<j|

Ct«..13-54

,.i3-:r>

,.13-Sfl.13-57,.l:<-58

..13-5'.13-«013-Bl.13-88..1.1-f3

.I3-H4..13- (5..18-tW..13-87

..•S-«8

..\am

..13-7013-71

Cf.13-59IS-HOI3-8113-nai:i-83

l»-«413-8513-6813-89lH-7013-71l:<-;2137313-7413-7H13-7813-7713-78H7913-80

Bales.2.5(10.l.nOO..500 .

i.ino..1,000 .

700..501.

1,400..400..600..900,.

1.400200..500..

1,000..800..

1.400..3,800..400 .

500..

54,500

For Beptembcr.100 1316400 ... 1.1-17

1000 13-181.700 13-19

800 la-'-'O

700 w-ai10" 13-S«

1,000 13-23

Baleii. eta.a,300 13-24

300 13-a^13-W13-80ia-R713-3918-40

._ 18-43

100 13-44200 18-45

800 13-49

300..700 .

SOO.200..400..100.

11,400

Balei. i^K.200 12-58

10.600

For Noremker.200...

1.8 0. ...

BOO800800100100..

1I-B9.I'^OO.ii;-02

.i2ia12-04.12-06..12-07

aOO 12-14

4,000

FAf December.*00 11-95

. .11-96

. .li-B-l

. .ll-W.. I'.i00

...12 0-J

. .1203

...12-Oil

For Ja&uarr.200 11-98100 12-04

The folio-wing exclianges have been made during the -week

:

•so pd. to exch. ino A prll for May.86 pd. to exch. .')00 March for Majr.•28 pd. to exch. 500 March for May.•22 pd. to exch. 400 April for May.•38 pd. to exch. I'K) April for Juue.•85 iKl. to exch. ;100 Oct . for bept.•35 pd. to exch (XW April for June.•38 pd. to exch. 100 April for June.•4S pd. to exch. 100 April for July.

The following will show the

and the closing bid and asked at

the past week.

-49 pd. to exch. 100 April for July.-19 pd. to exch. 100 April for May.-20 pd. to exch. 500 April for May.•13 pd. to exch. 1.000 June for July.•12 pd. to exch. 100 June for July.-.'19 pd. to exch. 300 May for August.-39 pd. to exch. 300 April for June.•40 pd. to exch. 100 April for Juno.

range of prices paid for futures'

3 o'clock, P. M., on each day in

FutureH

Market.

March .

April...May ...

June...July...Au^nut.Sept'br.OctoberNov'berDec'bor"Tr. ord.-Closed .

Satarday-.

Uuchanged.

For Day.

IfUih. Lo^r,

13 1.31 3- 1013-21-13-1413-41-13-3413-59-13-5213-71-13-6.51380-13-7413-46-13-3912-56-l'2-51— -12-19— -12-09

13-10Barely steady.

Closing.

Mondajr.

Lower.

For Day.

Bid. X«t13-08 0913-U —13-34 —13-.')2 5313-64 -13-72 7313-36 3812-47 .50

12-11 1312-06 08

131113-1813-3713.5413-6713-7413-3712-48-12-07-12-03-

Low.130313-01-13-23•13-4113-5913-(;213-3012-4012-0612-0213 05

Steady.

Closing.

Bid. Ast13 04 -13-0613-24 2513-42 4313-54 5613-62 6313-28 3012-41 4212 05 0712 01 03

FiUurai

Market.

MarchAj?ril..May ...

June...July...AugustSept...OctoberNov....Deo'berTr. ord.Closed.

Wednesday.

Lower.

For Day. Closing.

13 0013-02-1321-133913-51-13-59-13-21-12 3812-0211-98

Low.-12 94129413-1113-2813-4;134913-1612-3412-0011-9512-95Weak.

Bid. Atk12-9212-i)4 —13-11 1213-28 2913-40 4113-48 4913-13 1512-30 32U-97 I

11-93 95

TbnrBdajr.

Variable.

For Day.

High. Low.12-93-129212-98-12-9213-18-13-1313-3513-3113-48-13-4313-56-13-513-19-13-171238-12-3412-03-11-9911-99-11-95

Closing.

12-95Steady.

Bid. Auk12-919312-94 9513-15 1613-32 3313-44 4513-52 5413-18 1912-34 3611-99 f

U-95 97

Tuesday.

Weak.

For Day.

Biah. Low.13^02-13^011306-13-0113-25-13-1813-41-13-3;i13-52-13-4813-61-13-5513 2513-'2012-40-12-36(12-39 41— -12-04 12-04 06

12-00-11-981 U-9913-05Stead.r.

Closing.

Bid. Aft13^02 0313-05 —13-23 2413-10 4113-52 5313-60 6113-23

Friday.

Holiday.

For Day.

Blr\h. Low.

Closing

Bid. AKk

• 12'02. t 12-00.January sold on Wednesday at ll-98®12-04.

The Visible Supply of Cotton, as made up by cable and

telegraph, is as follows. The Continental stocks are the Gguree

of last Saturday, but the totals for Great Britain ar.d the afloat

for the Continent are this week's returns, and consequently

brought down to Thursday evening; hence, to make the totals

the complete figures for to-night (Mar. 20), we add the item of

exports from the United States, including In it the exports of

Friday only.1880. 1879. 1878. 1877.

Btockat Liverpool bales 573,000 549,000 736.000 1,073,000Stock at London 39,025 59.750 12.750 33,750

Total Great Britain stock .

Btockat HavreStock at Marseilles

Stock at Barcelona

Stock at HamburgStock at BremenStock at AmsterdamStock at EotterdamStock at AntwerpBtoek at otlier conti'ntal ports.

Total continental ports

Total European stx)cks.. ..

India cotton afloat for Europe,ijner'n cottos afloat for Eur'pe

lEgypt,BraziI,&c.,aflt for E'r'pe

Stock in United States ports .

.

Stock in U. B. interior ports. . .

United Stftes exports to-day..

Total visible supply 2,393,331 2,

612,025 608.750 748.750 1 ,106,7504.8,930 172,500 265.000 194,2502,130 2.000 6,000 3,500

27,128 42,750 30.000 66.0003.000 4.250 7.000 14.500

22,340 25.250 30.000 58.60026.900 45,250 35,.500 73.500

1,410 8,750 10.250 10.000420 3,750 6,500 6,750

. 3,890 5,500 7,750 14.500

136.148 310.000 398.000 411.500

2.927.460

Oftbe above, the totals of American and other deaoriptions areas follows:Amcnean—

1880. 1879 187'*. 1877.Liverpool Stock 410.000 414.000 S^B.OOO 737.000OoDtlneotal stocks 128.000 267,000 351,000 350,000American afloat for Europe 936.098 708.000 639.ono 345,000United States stock 7Hi.f>7r> 548.040 631.070 719.468United States interior stocks.. 148.046 81.918 77.V53 8H.742United States exports to-day. 1,000 12,000 17,000 10,000

Total American 2,017,619 2,030.961 2,272,223 2,256.210Batl Indian, BratU, <(e.—

Llverp<M)l stuck 151.000 135,000 180.000 336.000London Bt<><ik 39.025 S9.7.50 12.750 33,750CuutiutMilul stocks 8,148 43,000 47,000 89,500India afloat for Europe 149,401 113,000 161,000 1«0,000Egypt, Brazil, Ac, afloat 25,078 16,000 53,000 36,000

Total East India, <fco 375.715 366.7,50 453.750 671,250Total American 2,017.619 2.030,961 2.272,223 2,296,210

Total visible supply 2,393,331 2,397,711 2.725.973 2,927,160Price Mid. Upl., Liverpool .... 738d. STgd. S'sd. 6>«d.

The above figures indicate a decrease in the cotton in sight to-

night of 4,3S0 bales as compared with the same date of 1879,

a decrease of 332,689 bales as compared with the corresponding

date of 1878. and a decrease of 534, 120 bales as compared with 1877.

In the preceding visible supply table we have heretofore only

included the interior stocks at the 7 original interior towns.

As we did not have the record of the new interior towns for th«

four years, we could not make a comparison in any other way.

That difficulty no longer exists, and we therefore make the fol-

lowing comparison, which includes the stocks at the 19 towns

given weekly in our table of interior stocks instead of only tha

old 7 towns. We shall continue this double statement for »

time but finally shall simply substitute the 19 towns for the 7

towns in the preceding table.

Amerteanr- 1880.Liverpool stock bales 119.000Continental stocks 12'<,000Americau afloat to Europe 536,098United States stock 784.575

266.1201,000

Untied States interior stocks..United Status exports to-day..

1879.414,000207,000708.000518,046131.46312.000

1878.556.0003.-) 1,000639,0006:11,970131,79517,000

1977737,000356,00«345,000719,468151,19910,000

Total American 2,134,793 2,030,509 2,326,765 2,318,667East Indian, Brazil, ite.—

Liverpool stook 154,000 135,000 180,000 336,000London stock 39,025 59.7."i0 12.750 33,750Continental stocks 8.148 43,000 47,000 85,.500India afloat for Europe 149.464 113,000 161,000 180,000Egypt, BrazU, Ac, afloat 25,078 16,000 53,000 36,000

Total East India, <fec 375,715 366,7.50 453,7>0 671,250Total American 2,134,793 2,080,509 2,326,765 2,318,667

Total visible supply 2,510,508 2,447,259 2,780,515 2,989,917

These figures indicate an increase in the cotton in sight to-night

of 63,2-19 bales as compared with the same date of 1879, •

decrease of 270,007 bales as compared with the corresponding dat*

of 1878, and a decrease of 479,409 bales as compared with 1877.

Imports into the Continent this week have been bales. 54,563

Takings of Continental spinners this week have been " 55,074

If we caU these bales of the same average weight (437 lbs.)

as the Continental takings last month, the spinners' takings in

pounds and bales of 400 lbs. (during the past week) would ba

as follows.

Continental spinners' takings in pounds 24,067,338

Continental spinners' takings in bales of 400 lbs 60,168

Consequently, if we call the Continental consumption this week

56,000 bales of 400 lbs. each (it averaged 49,000 according to

Mr. Ellison last months spinners' stocks must have increased thit

week about 10,000 bales of 400 lbs each.

At the Interior Ports the movement—that is the receipts

and shipments for the week, and stocks to-night, and for th«

corresponding week of 1879—is set out in detail in the following

statement:

Augusta, GaColumbus, Ga...M-*con, GaMontgomery, AlaSelms, AlaMemphis, Tenn..Nashville, Tenn

Total, old ports.

Dallas, Texas. ...

Jeflferson, Tex.'..Sbreveport, La *.

VIoksburg, Miss.

.

Columbus, Miss..Eufaiila, Ala*Griffin, Ga*Atlanta, Ga*Rome, Ga*Charlotte, N. C*.St. Louis, MoCincinnati, O

Total, new p'rts

Tot«l. all

Week ending Mar. 26, '80.

Receipts

95019725

304115

5,965590

8,146

28718090090963180763104282.50

3,1.^82,462

Shlpmts

2,1001,274194412409

11,7751,454

17,617

719230

1,0241,06562726597

6341,102383

6,0402,153

9,183 14,639

17.329 .^2,256

Stock.

12,43111,8612.5416.7813.156

97,62514,548

148,916

2,071350

10.5003,8411,1362.250l,2iO

10,2395.1631,100

68,59210,106

117.171

266.1 '20

Week ending Mar. 23, '79.

Receipts

1,20855967

1,511512

8,723915

13,525

92285

1,7711,909109191127

1,028546382

5,6059.113

21,161

Shipm'te

1,726553806

2,882850

13..5711,743

22,131

7031,796896

2,17260

221101189730676

7.7417,110

Stock.

12,3636,5671,8331.3332,137

18,3256,363

81,913

3891.2783.1172,538647

1,705733

1,7131,255953

22,2559,665

22.701 49,515

34,686 41,835 131,163* This year's figures estimated.

326 THE (JHRONICLK IVOL. ?IX.

The above totals show that the old interior stocks have de-

ereoied daiiag the week 9,471 bales, and are to-night 67,028 bales

more than at the same period last year. The receipts at the same

towns have been 5,379 bales less than the same week last year.

Receipts from the Plantations.—The following table Is

prepared for the purpose of indicating the actual movement each

week from the plantations. Receipts at the outports are some

times misleading, as they are made up more largely one year

than another, at the expense of the interior stocks. We reach,

therefore, a safer conclusion through a comparative statement

like the following

BECEIPTS FROM PLANTATIOSS.

Weekending—

Jan,

Mar.

9..

16 .

S3..

80..

. 6..

IS..

20..

27.,

5.,

12..

19.

26.

Receipts at the Ports.

1878. 1870,

I42,09fl

153.72'

164.050

159,186

137,138

120,090

109,736

94.349

90,917

82,261

75,783

65.470

121,091

113,613

148,848

167,007

171,608

150,M1134.328

110,04-

83,266

78,4110

60,202

60.(

1880.

149.486

129,489

188,280

137,191

112.363

119,854

115,307

102,995

78,451

64,868

49,611

53,419

Stock at Intcr'r Ports

236.203

287,380

242,013

2«,494240,708

233,103

226.685

210,936

192,465

169,636

146,663

131,795

253,()47

233,236

218,583

220,935

214,117

190,765

182.246

170,438

166,019

159,418

141,612

131,463

1880.

349.850

352,383

358.074

361,880

357.910

345,975

327,084

316,972

303,279

289,996

281,017

266,120

Rec'ptsfrom Plant'ns

1878. 1879.

125,153

154,814

168.692

161,667

133,352

112,485

103,318

78,690

72,477

69,435

62,740

80,612

«3,104

93,202

133.997

169,447

104,790

127,489

125.809

98,239

78,44:

72,289

42,396

50.549

143,402

183,013

173.971

110,907

108,399

107.913

96.41f

92.8,83

64,758

61.0M40,662

88,492

The above statement shows

—

1. That the total receipts from the plantations since Sept 1 in

1879-80 were 4,700,488 bales; in 1878-79 were 4,245,031 bales; in

1677-78 were 4.008,771 bales.

2. That although the receipts at the out ports the past weekwere 53,419 bales, the actual movement from plantations wasonly 38,492 bales, the balance being drawn from stocks at the

interior ports. Last year the receipts from the plantations for the

same week were 50.549 bales, and for 1878 they were 50,0 1 3 bales.

Weather Reports by Telegraph.—The past week has been

very favorable for planting and for preparatioa work almost

everywhere. The rivers in Alabama, which were so high last

week, are subsiding rapidly ; but the Mississippi is still high at

Memphis, though lower at New Orleans. Galveston has had fine

showers again, and all over Texas good progress is being madein repairing the damage the cold did last week.

Oaheston, Texas.— It has rained splendidly on four daysthe past

week, the rainfall reaching three inches and twenty hundredths.

Planting is making good progress. Some replanting required.

Average thermometer 63, highest 73 and lowest 53.

Indianola, Texas.—We liave had showers on five days of thepast week, the rainfall aggregating one inch and nine hun-dreths. Planting is progressing finely. The thermometer hasranged from .54 to 80, averaging 67.

Corsieana, Texas.—We have had a shower oa one day, with arainfall of fourteen hundredths of an inch. Average thermom-eter 64, highest 80 and lowest 43. Both corn and cottoa plantingis making satisfactory progress.

Dallas, Texo*.—There has been no rainfall at Dallas during thepast week. We have had a frost, but not a killing frost. Plant-ing is progressing. Wheat and oats were unhurt by tlie recentcold weather. Average thermometer during the week C4. highest80 and lowest 43.

Brenham, Texas.—We have had no rain during the past week.Planting is making good progress; also replanting where re-cently killed. Fruit not as badly hurt as was supposed. Aver-age thermometer 67, highest 80 and 1 jwest 50.

New Orleans, Louisiana.— It has rained on three days thepast week, the rainfall reaching one inch and forty-eight hun-dredths. The thermometer has averaged 02.

Shreveport, Louisiana.—The weather here has been fair anddry, no rain having fallen. Roads have been improving all theweek and are now in good coudi ion. Cotton coming in slowly.Average thermometer OR, highest 70 and lowest 40.

VickOmrg, Mississippi.—The weather duiing the week hasbeen favorable.

Columbus, Mmissippi.—'iheve has been m rainfall during thepast week. The thermometer has averaged 60, the highest be-ing 68 and the lowest 53.

Last week we had rain on five days, the rainfall reaching fiveinches and fifty-two hundredths. The thermometer ranged°froni40 to 68, averaging 54.

LittU Bock, Arkansas.—^ he weather the past week has beenpleasant, three days ha\ing been clear and the balance fair.Average thermometer 50, highest 74 and lowest 43.

AashviUe. Tennessee.—Lain has fallen on two days during thepast week. The thermometer has averaged 5-<?, the highest

being 70, and the lowest 36. The rainfall is seven hundredths,of an inch.

Memphis, Tennessee.— It has rained here on one day, the rain-fall reaching three hundredths of an inch. The thermometerhas ranged from 43 to 73, averaging 50. The river is at a stand,ihirty-four feet four inches above low-water mark. The damageis not as great as was anticipated. Ploughing vigorous inuplands and on high bottoms.

Mobile, Alabama.—Two days in the earlier portion of the weekwere showery, but the latter part has been clear and pleasant.The tributary rivers are lower, and no serious damage has beendone. The thermometer has averaged 61, the highest being 75and the lowest 47. The rainfall is one inch and five hundredths.Montgomery, Alabama.—We haa rain oh two days the earlier

part of the past week, but the latter portion has been clear andpleasant. Floods are subsiding. Average thermometer 59,highest 73 and lowest 44, The rainfall for the week is fortyhundredths of an inch.

Selma, Alabama.—We have had no rainfall during the week.The weather has been fine.

Madison, Florida.— It has rain d during the past week on oneday. The thermometer has averaged 03, the highest bei.ig 85and the lowest 40. Planting is progresing finely.

Macon, Georgia.—We have had no rainfall during the pastweek. The thermometer has averaged 58, ihe highest being73 and the lowest 41.

Columbus, Georgia.—There has been no rainfall at this pointduring the week. Average thermometer 64, highest 70 andlowest 52.

Savannah, Georgia.—It has rained on one day, the rainfall

reaching tw nty-two hundredths of an inch; but the weather the

rest of the week has been pleasant. The thermometer has aver-

aged 61, the extreme range having been 44 to 77.

Augusta, Georgia.—The weather has been warm and drythroughout the wee'i, the thermometer averaging 57, and rang-

ing from 43 to 73. Planters are giving increased land to cotton

this year. Planting is making fine progress.

Charleston, South Carolina.—There has been no rainfall atthis point during the past week. The thermometer has rangedfrom 44 to 76, averaging 59.

The icUowing statement we have also received by telegraph,

Showing the height of the rivers at the points named at 3 o'clock

Mar. 25, 1880, and Mar. 28, 1879.

New Orleans Below higU-water mark .

Memphis Above low-water mark..Nashville Above low-water mark.

.

Shreveport Above low-water mark .

.

Vicksburg. Above low-water mark..

New Orleans reported below high-water mark of 1871 until

Sept. 9, 1874, when the zero of gauge was changed to high-water

mark of April 15 and 16, 1874, which is 6-lOths of a foot above1871, or 10 feet above low-water mark at that point.

Ellison & Co.'s Cotton Report foe February.—We are in

receipt of Messrs. Ellison & Co.'s cotton report dated March10, and make the following extracts from it :

COURSE OF THE LIVERPOOL MARKET, FEB. 11 TO MARCH 10.

Our last report was issued on the 11th ultimo. The marketwas very buoyant to an advance of about ^d. per lb. since the

5th ultimo, and there was every prospect of a still further rise.

Confidence in the future was especially strong in Manchester,

and 8d. per lb. for middling upland was regarded as certain to

be seen at some not very distant date. The next day, however,there was a distinctly tamer'feeling, and prices commenced to

give way. The declining tendency was arrested on the 13th bythe active appearance imparted to the market, owing to anunprecedentedly large business in Egyptians, the relative

cheapness of which Jiad attracted the attention of speculators;

but the fall re-commenced on the 14th, and, with slight interrup-

tions, continued until the 23rd, ending in a decline of 3-16d. onthe spot and ^d. in futures from the rates current on the 11th.

There was a slight recovery during the next two days ; but in

the absence of any assistance from either America or Manchester

the improvement was soon lost, and on the 1st instant the pricesruling were ^d. on the spot and 9-32d. to ll-32d. for futureslower than on the 11th February. The weakness was due to adistinct pause in Manchester and to weaker markets at theAmerican ports. It was felt that Manchester had done her bestfor the present, and that in the neighborhood of T}^d. the sup-ply of cotton would be equal to the demand, if not more thanthe world would take off at that figure. The American receipts

did not indicate the rapid exhaustion anticipated in some quar-ters, and faith in an important advance in prices was propor-tionately diminished. Few people anticipated any serious fall;

there was, therefore, no pressure to sell, but it was thought

Mar. 25, '80. Miir. 28, 79.-

Feet. Inch. Feet. lucli.1 7 5 4

34 4 24 821 2022 4 6 3.42 10 32 10

IMAOicn 27. 1380.J THE CHKONICLE. 327

that a, decline to not far from 7d. would be necessary to re-in-

yigorate business in Manchester. On the 2nd March there

was a, somewhat unexpected improvement in the demand for*' futures," chiefly on New York account; this impartetf a better

tone to the spot market in the expectation that Manchesterwould follow. A change for the better led to the suspicion

that March deliveries nad been oversold. This developed aconsiderable demand to cover, and gave a hardening tendencyto the spot prices of the medium grades of upland ind Mobile,

in spite of the fact that Manchester regarded the movementwith the utmost indifference, and that spinners continued to

boy very sparingly ; the result was an advance of fully %d.per lb. between the Ist and 5tl> instant. On the 6tn thenpward movement was encouraged by the smaller receipts at

the American ports and interior towns, and a further advanceof l-16d. was established—all positions partaking of the rise.

Meanwhile, however, the spot market remained inactive, thesales of the day being only 6,000 bales. On the 8th ( Monday)the business in futures was again active, owing to higher prices

St the American ports, and a continued demand to cover nearoontracts. More was doing too on the spot. The result was anAdvance of l-16d. for all positions. But the improvement waslost on the 9th (yesterday), owing to the absence of any responsefrom Manchester, and, in some measure, to the anticipation oftL dull time during the forthcoming elections. To-day the toneis weak at l-16d. to %d. below the best rates of the 8th.

Compared with the rates current a month since, the spot quo-tations for American show a decline of ^d. to 5-16d. for goodordinary, and %d. for low middling, l-16d. for good mid-dling uplands and Mobile, %d. for good middling Texas, andno change for good middling Orleans ; Brazils are %d. to ^d.lower. Brown Egyptians are %d. and white %d. to Md. higherthan the opening rates ; but ^d. to ^d. for brown and i4d. forwhite lower than the rates touched on the 14th ult. In Suratsthere is an advance of 1-16. to ^d., except Oomras, which are%d. to 3-16d. easier.

"

The following are the principal fluctuations in the prices ofmiddling uplands on the spot and for forward delivery sincethe lltb ult.:

SiirpliiR Htonk Oct. 1Deliveries to Feb. 28

Supply.pUoiCnnHiinipUon in 29

weeks

Surplus stock Feb. 28SiirpluH stock In bales

of 400 pounds .

.

Great Drltaln.

1879-80.Lbs.

0,012,0610,008,,'JlJo

016,018,500

528,900,810

87,117,690

217,000

1878-79.Lbs.

13,800,000478,970,950

492,770,950

456,400,000

36,370,950

91,000

Contlaeot.

1879-80.Lbs.

18,720,000485,541,120

504,261,120

^19,200.000

85,061,120

212,000

1878-79.Lbs.

30.550,000428,921.370

459,471,370

381,600,000

77,871,870

10B.000

Spot.Feb.-Mar.

Mar.- April-April. Mar.

May-June.

June-July.

July-AU*.

AU(f.-9ept.

Sept.-Oct.

Feb. 11Feb. 23Mar. 1Mar. 8Mar. 10...

7>s 711>33

7^327ht7>47»i«7li„7ll"

7I5*738 71„

7»»

7*1871S3J

r.3,

7»l3!l

7.9,2' "32 77l«

COUBSI OF THB MAHCHB3TBB MABKKT FBB. 10 TO MABCH 10.

For about a week after the issue of our last report the Man-cheater market continued active and buoyant at a furtheradvance in prices, but daring the past three weeks there hasbeen a decided pause in the demand ; and although there hasbeen no pressure to sell, prices have given way Md. to ^d. perlb. in yam and l)6d. to 4>6d. per piece in SJ^d lbs. shirtingsfrom the previous highest point. The tone at the close is dull,the disinclination for business being rather increased by theanticipation of inactive markets daring the forthcominggeneral election. The following are the present quotations forspecific qualities of yams and piece goods compared with thoseof a month since:

Bhirtinss. Mule Twist. Water Twist.

7 1b. smb. 30's, 40's. 50'8 20's. 30's.

Mar. 10..Feb. 10.

.,

68.«7a. 4iad.6«.'<»7s. 4'sd.

68. 9d.®88. 7'sd.68. 9d.-a88. 9d.

ll>4d.imd.

12 lad.

12.8d.14d.14d.

lid.10%d.

12>3d.12Hd.

These figures show that the advance gained after the 10thult. has smce been lost. In 32's cop twist there is an excep-tional net advance of %d. to %d. per lb.

MOVEMENT DUEHfO THE SEASON OCTOBER 1 •TO FEBKUAET 28.

The deliveries to English and Continental spinners daringthe first five months of the season compare as follows with thefigures for the corresponding months of last season :

These figures show an excess of 126,000 bales in the stockheld by Bnglish spinners and one of 17,003 bales in those heldby Continental spinners, or a total of 143,000 bales. The exceaain the "visible supply" is 67,000 bales. The two togethermake a total excess of 210,000 bales.

PROSPBOTS.

,Nothing has transpired during the past month to causa

us to make any change in the opinions expressed by us inI our last report as to the prospects of supply and demand. Westated in our annual report that the stock of cotton in Europeat the close of the season would probably be about 200,000bales larger than at the end of the last season, and we see noreason for thinking differently now. With regard to supply,we expect that the out-turn of the American crop will be fully npto, if not over, oar estimate of 5,560,000 bales. We think, too,that our estimated import of Egyptian will be exceeded by20,000 to 30,000 bales. It may be that India will furnish a little

less than our computation, but there is no certainty on thispoiut. We do not think that the rate of consumption willmaterially, if at all, exceed our estimate of 115,000 bales of 400lbs. per week for all Europe. No doubt, the stocks in Ldver-pool and the principal Continental ports will be very moderatein compass throughout the season ; but this need not troubleconsumers, as, with judicious buying, there will be quite saffi-

cient cotton to meet all probable requirements at the presentscale of values. The enormous business done during tne paatthree or four months has taken the rough edge off the world'sappetite for cotton goods ; and it is not unlikely that in thefuture, as in the past, buyers will act very conservatively whenmiddling Americsn is at 7?6d. At that figure the tendency willbe to fall back upon reserved stocks, unless some disaJiter shouldhappen to the new American crop, in which ease th4 outlookwould have to be regarded from an altered standpoint.

GcrNMT Baos, Baoo mo, &c.—Bagging is being taken rathermore freely, though the orders continue small, but the inquiry laincreasing from the South, and a better demand is looked forshortly. The firm price quoted for butts has the effect of stiffen-ing prices, and dealers are quoting lO^c. for If lbs., lie. for 3lbs. and ll^e. for standard qualities. Butts are quiet and we donot hear of any transactions except in a jobbing war. The recentlarge sales have supplied the market and no fresh arrivals arereported. Quotations are steady, and 3iS3 9-16c. are the figuresat the close as to quality.

CoHPABATivK Port Rkcbipts and Daily Cbop Motimbiit.—A comparison of the port movement by weeks is not accnrate,

as the weeks in different years do not end on the same day of themonth. We have consequently added to our other Rtandio|;

tables a daily and monthly statement, that the reader may con-

stantly have before hint the data for seeing the exact relativa

moTement for the years named. First we give the receipts at

each port each day of the week ending to-night,

POBT BBCEIPTS FROM SATCBDAT, MAS. 20, '80, TO FBID4T, MAB. 26, '80.

Number of balesAv'ge weight (lbs.).

Total weight (lbs.) .

Great Britain.

1879-80.

1,355,.'>70450

610,006,500

1878-79.

1,091,050439

478,970,950

Continent.

1879-80.

1,115,920436

185,541,120

1878-79.

1,005,960426

428.921,370

The rate of consumption in Great Britain has again increasedduring the past month, and we now estimate it at 65,000 balesof 400 lbs. per week ( or about 58,000 bales of 450 lbs.) Thisfor four weeks is equal to 260,000 bales, or 104,000,000 lbs.,

which, added to the 425,800,810 lbs. consumed to the end of Jan-nary, gives a total of 529,800,810 lbs;, as the consumption for thefirst five months of the season, against 456,400,000 lbs. last sea-son, or an increase of 16 per cent. The weight of goods andyams exported in the five months was about 443,000,000 lbs.,

against 385,000,000 lbs., or an increase of 15 per cent, so thatour estimate of the consumption cannot be far astray. Therate of consumption on the Continent is perhaps a little largerthan it was last month, say 49,000 bales of 400 lbs., against48,000 per week, or a total of 196,000 bales, equal to 78,400,000lbs., which, added to the 340,000,000 lbs. consumed up to theend of January, gives a total of 419.200,000 lbs. sls the consump-tion for the five months, against 381,600,000 Itw. last season.On the basis^of the foregoing estimates, the movementfl for

the twenty-two weeks were as follows :

D'ysof

we'k

NewOr-

leans.

Mo- Char- Savan- Oal- Nor- Wil- Allbile. leston. nah. vest'n. folk. ming-

ton.others.

Sat. 6,674 59 637 593 839 1,265 206 866Mod 6,667 943 460 818 1,264 1,052 13 418Tues 4,360 121 837 059 285 871 239 427Wed 4,254 295 520 629 385 423 5 699Thur 2,721 356 653 356 1,106 1,187 91 963m.. 2,381 567 693 143 773 781 50 2,304

5,877Tot. 27,057 2,341 3.805 3,500 4,654 5,579 606

Total.

53,419

The movement each month since Sept. 1 has been as follows:

MonthlyReceipts.

Year Beginning September 1.

1879.

Sept'mb'r

October.

.

Novemb'rDecemb'rJanuary .

February.

Tot. year. 4,215,929

Pero'tage of tot. port

receipts Fen. 29

333,643888,492

942,272956,464647,140

447,918

1878.

288,848689,264779,237

893,664618,727566,824

3,836,564

8626

1877.

98,401

578,533822,493

900,119689,610472,054

3,561,300

91-95

1876.

236,868

675,260901,392787,769500,680449,686

1875.

169,077610,316740,116821,177637,067

479,801

3,551,635 3,457,554

87-95I 8250

1874.

134,378536,963676,295759,03ff

444,052383,3«

2,934,051

83-90

This Statement shows that np to Feb. 29 the receipts at theports this year were 379.365 bales more than in 1878-79 and654,629 bales more than at the same time in 1877-78. By addingto the totals to February 29 the daily receipts since that time.

328 THE CHRONICLE. [Vou XXX.

we shall be able to reach an exact comparison of the move-

ment for the different years

1879-80. 1878-79. 1877-78. 1876-77. 1875-76. 1874-75.

Tot.Fb.29 4,21ii,929 J,836.564 3,561,300 3,551.655 3,457,554 2,934,051

Mar.l.... 16,279 10,517 17,754 • 6,325 7,842 8,903

" a.... 12.17) 8. 9,868 9,782 12,51f' 10,947

" 8.... 12.432 19.628 8. 4,567 12,817 14.779

" 4.... 10.056 19.653 32,985 8. 10,411 10,923

" 5.... 13.404 7,017 17,175 8,531 B. 10,617

" 6.... 9,829 9,860 9,746 6,678 19,131 8,240

" 7.... 8. 15,ti31 8,873 8,722 15,922 8.

" 8.... 16,415 12,430 12,300 6,561 15,674 13,681

" 9.... 6,724 8. 8.728 16,228 6,387 12.118

" 10.... 6,711 18.764 8. 8,473 10,364 9,247

" 11.... 10,944 14,887 19,179 S. 8,451 12,365

" 12.... 13,745 8.298 11,187 8.391 S. 9,-J63

" 13.... 7,707 10,311 14,234 8,017 17.597 7,845

" 14.... 8. 13,767 13,992 6,758 11,286 B.

" 15.... l.S,435 7,531 14,644 7,692 11,015 14,581

" 16.... 7,411 8. 11,210 6,341 6,572 5,923

•' 17.... 6,000 12,019 S. 4,227 9,628 7,439

" 18.... 4,150 7,453 18,579 8. 10,121 7,989

" 19.... 10,248 8,718 16,441 7,229 8. 8,265

" 20.-. 11,141 10.534 10,397 5,378 12,539 5,279

" 21.... 8. 13,897 11,021 7,584 7,913 8.

" 22.... 11,037 6,427 8,072 4.982 13.096 11,312

" 23.... 8,094 8. 9,800 5,943 10,312 8,224

" 24.... 7,410 13,707 8. .'sSSt; 9,37.^ 7,436

" 25.... 7.433 8.851 13,681 8. 10,479 7,696

" 26...: 7,699 11,185

4,098,692

15,793 7,428 S. 8.834

Total 4,447,669 3,867,262 3,713,328 3,707,007 3,156,212

Percentage of total

p'rtrec'Dte Mar. 26 9216 88-99 91-96 88-15 9025

This statement shows that the receipts since Sept. 1 up to

to-night are now 348,977 bales more than they were to the sameday of the month in 1879, and 530,407 bales more than they

were to the same day of the month in 1878. We add to the last

table the percentages of total port receipts which had been

received to Mar. 26 in each of the years named.

India C!otton Movement from alu Ports.—The figures'

which are now collected for us, and forwarded by cable each

Friday, of the shipments from Calcutta, Madras, Tuticorin, Car-

war, &c., enable u«, in connection with our previously-received

leport from Bombay, to furnish our readers with a full and

•omplete India movement for each weelt. We first give theBombay statement for the week and year, bringing the figures

down to March 25.

BOH8AY KECEIPTS AND 8HIPMKNT8 FOft FOUR TEARS.

Shipments this week

Year

1880187918781877

Great Conti _ . ,

Brit'n. nent. Total.

11,0001,000

17,00031,000

8,000

7,000

22.0001. K)0

24,1)00•20.000'51.000

Shipments since Jan. 1. i Receipts.

GreatBritain.

86.00054.000

ll.=>.000151.000

ttouti-nent.

120,00070.000154,000117,000

Total.ThisWeek.

206,000 48.0001-Jl.OOO 37.000269,000 40,00026tt,0OO 62,00tl

SinceJan. 1.

359,000ilu.noo40(i.000394,000

According: to the foregoing, Bombay appears to show an increasecompared with last year in the weelc's receiptsof 11,000 bales, andan increase in shipments of 21,000 bales, and the shipments tinceJanuary 1 show an increase of 82,000 bales. The movement atCalcutta, Madras, Tuticorin, Carwar, &c. , for the same week andyeare has been as follows.

CALCUTTA, HADBAS, TDTICOBIN, CASWAR, BANGOON A»D KURBACHBB.

Year.

1880187918781877

Shipmenta this week.

Great Conti-Britaiu. neut.

14,000

i,0(i6

4,000

1,000

Total.

15,000

1,0004.000

Shlpmentt since January 1.

GreatBritain.

44,00041,00015,00040.000

Contl-nei^t.

9.00022,00021,0000,00«

ToUl.

53,00063,00030,00046.000

The above totals for this week show that the movement fromthe ports other than Bombay is 15,000 bales more than same weekof last year. For the whole of India, therefore, the totalshipments this week and since January 1, 1880, and for thecorresponding weeks and periods of the two previous years areAS follows.

EXPORTS TO BDBOPE PROM ALL INDIA.

Shipmentsto all Europe

from—

BombayAll other ports.

Total

1880.

Thisweek.

22,00015,000

37,000

SinceJan. 1.

206,00053,000

259.000

1879.

Thisweek.

1,000

1.000

SinceJan. 1.

124,00063,000

187,000

1878.

Thisweek.

24,0001,000

25.000

SinceJan. 1.

269,00036,000

303.000Thjj last statement affords a very interesting comparison of the

totalmovement for the week ending March 25, and for the threeyeai^ny to date, at all India ports.

AuiXANDniA Receipts and Snirajms.—Through arrange-ments wo have made with Messrs.lH^s, Benachi & Co., ofLiverpool »nd Alexandria, we shall hereafter receive a weekly«able of th« movements of cotton at Alexandria Egynt Thefollowing are the receipts and shipments the past week aiid fortw corre8poi)4i»/f weeks of the previous two years

Alexandria, Egypt,March 25. 1880. 1879. 1878.

R»oelpt« (cantars*)—This weekSince Sept. 1

6,0003,196.000

11,0001,535.000

17,000-2,522,000-

Thisweek.

SinceSept. 1.

Thisweek.

SinceSept. 1.

Thisweek.

SinceSept. 1.

Exports (bales)—To Liverpool 2,000

2,049269.750146,547

2,0003,000

141.00062,000

4,0004,000

218,000To Continent 142,000

Total Europe 4,019 416.297 5,000 203,000 8,000 360,000-* A cantar is 98 lbs.

This statement shows that the receipts for the week ending-Mar. 35 were 6,000 cantars, and the shipments to all Europe4,049 bales.

.Manchester Market.—Our report received from Manchesterto-day (Mar. 26) states that prices of twists and shirtings are-

pteady, but the market is inactive. We give to-day's prices-

below, and leave previous weeks' for comparison.

1879-80. 1878-79.

328 Cop. 8I4 lbs.Cott'nMid. 328 Cop. 8I4 lbs.

Cott'n.Mid.

Twist. Shirtings. Uplds Twist. Shirtings. Upld&

d. d. 8. d. e. d. d. d. d. s. d. 8. d. d.

Jany.23 10ia®10''8 7 3 ®8 6 7 7''8®8>a 5 7>2®7 7H 56,8.•• 30 loi^aii 7 3 ®8 6 71,

«

7%®8i3 5 6 ®7 6 538Feby. 6 11 ®11% 7 3 ®8 6 7M 7«i3>8»i 5 6 -317 m 5%

" 13 11l8®ll% 7 6 ®8 6 7H 758®8l2 5 6 ®7 7Hl 638" 20 11i3®12% 7 9 ®8 9 7% 7ia®83e 5 4ii2S7 Tia 5*is" 27 1138312 7 9 ®8 9 75,6 7l4®8>4 5 3 ®7 6 538

Mar. 5 1138®12 7 9 -as 9 7^8 73e®8'8 3 lis®7 4>a 56i»•' 12 imaii% 7 6 ®8 3 739 738^8% 5 ®7 3 538" 19 11 -auJa 7 4»2a8 3 714 758^814 5 3 ®7 4I2

51*15" 26 11 ®llia 7 4'5®8 3 7% 778®f3s 5 4>2®7 6

The Exports op Cotton from New York this week snow a, as compared witli last week, the total reaching

bales against 10,590 bales last week. Below we give our usualtable showing the exports of cotton from New York, and their

direction, for pach of the last four weeks; also tlie total exportsand direciiioQ since Sept. 1, 1879, and in tlie last column the total

for the same period of the previous year.

Exports OP Cotton (bales) from New York since Sept. 1, 1879.

Exported to-

LiverpoolOther Britisli ports.

Week ending—

Mch.3.

Moh.10.

12,378, 7,135

Total to Great Britain 12,378 7,135

HavreOther French ports.

Total French

Bremen and Hanover .

HamburgOther ports

1,103

1,103

834500

53

'ido

Total to North. Edrope

Spain , Op'rto, Qlbralt*r,&cAll other

Total Spain, &c .

Grand Total

1,334 63:

14.815! 7,772 10,590

Mch.17.

9,353

9,353

663

663

53539

574

Mch.21.

T0t.1l todate.

239,2896,700

!45,993

19,522

19,522

21,74213,0372,324

37,103

3,206

3,306

305,826

Sameperiodprevl'usyear.

137,2744,812

192,086

10,451100

10,551

13,3252,202635

16,162

5,610

5,610

224,409

The Following ark the Receipts op Cotton at Ne%v York,Bo?ton, Philadelphia and Baltimore for the past week, and sinceSeptember 1. 1879:

Receiptsfrom—

N. Orl'auBTexasSavannaliMobile...Florid,a . .

8 Car'linaN Oar'liiia

Virginia..North. pt8Tenn., &c.Foreign .

.

•This year.

Last year

New York.

ThisISince

week. jSept. 1

2,0871 140,651'89,510

39aft 74,075

'.'.'.'.'.'.\ 5,50031-2 103,397134

i38,836

2,526: f91,26346 5,968

1,954:167,905130 2,835

Boston.I

Philadelphia.

ThisI

Sinceweek. Sept. 1

358

23,5452,869

35,953

1,29031

Thisweek.

161

151 44,4791,386 126,1331.981)132,107

7,587919,967 4,376 366,407

759

920

16.571 '741,7941 9,327!250.631 3,022

SinceSept.l.

5,2792.575

14,896

65

56,050

78,865

68,930

Baltimore.

This Sinceweek. Sept. 1.

3,055

700134703

52,969

9,6519,603

69,499462

15,000

4,592 157,184

2,538|l32,68Q

Shipping News.—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reached87,702 bales. So far as the Southern ports are concerned, theseare the same exports reported by telegraph, and published in

the Chronicle last Friday. With regard to New Ynrs, w»include the manifests of all vessels cleared up to Wednesdaynight of this week.

Total bales.New York—We are unable to obtain our New York Azures in conse-

quence of to-day, (Friday) being a holiday in the cotton market.New Orleans-To Liverpool, per steamers Juana, 2.522— -^t.

Louis, 3,220. ...Yrurae, 4,318.... Chilian. 3,1 47.... Syria,5,034. . . .Plantain, 4,675. . . .Mediator, 4,100. . . .Navigation,3,040....MacGregor, 4,613....per ship Aslana, 4,431 39,100

To Havre, per ship John Watt. 4.343 4,343To Bremen, per steamer Camellia, 1,289 per bark Schelde,3,553 4,842

To Rcviil, per bark Triade TaralMJchia, 3,490 3,490To Helslngfoi-s, per brig Tri Brata, 1,540 1,540To Barcelona, per bark America, 300 300To Genoa, per ship Ida Lilly. 1,462 1.468

1^^ MabcMabch 27, 1880.] THE (CHRONICLE. 329

Total-<;habi.I!«ton—To IJverpool, per bftrks Eleanor, 2,498 Upland

—

Minnie Gordon, 2,062 UplandTo Bremen, per bark Ida, 2.300 UplandTo Revttl. per bark Kons Oncar, l,.t80 Upland

Savannah—To I^lvcipool, per bark Lady Ii«»»cll, 2,564 Uplandand 20 Sea iBland

To Bremen, jior bark E. V. Alinqnmt, 1,850 UplandTo Amsterdam, per bark Florence Treat, 2,775 UplandTo RlRa, per ship O. B. II;i7,oltine, 3,275 UplandTo Barcelona, per brlK Maria Ucma, 030 Upland

TBXA8—To Liverpool, per bark .Tupiter, 2,13'!

To Cork, for orders, per bark Keforni, 1,404To Oonoa. per barks Edward ('usbhig, 1 ,P0O Pallas, 1,102

BAI.TIMOKE—To Liverpool, per steamers Moravian, (additional)

570 and 218 bags Nova Sootian, 538 and 470 bags SeaIsland per ship Abercarno, 3,321

Boston—To Liverpool, per steamers Marathon, 300— Iowa,41...Bulgarian, 1,087

Piiif,\i>Ki.piilA—To Liverpool, per steamer Indiana, 126

Bales.

4,5602,3001,380

2,5841,H.W2,7753,273630

2,1341,4043,002

5,117

1,428126

Total.

The particulars of tbeae sUipmenta, arranged in ourform, are us foliowa-

87.702

usual

N. Orleans.CtaarleetonBavaanaii .

TexasBaltimore

Llrer-pool.

.3i»,100

. 4,.500

. 2,r,Si. 2,1345,117

Bre-Cork. Havre, nren..... 4,343 4,812

2,3001,850

1,484

Reval,Ams- HelainK'tor- fofg Adam. Riea..... 5,030.... 1,380

2,775 3,275

Oonoa.1,402

Boston 1,428FUlladelpbia 120

Total.53.'j778.240

.... 11.1143,002 0.000

.... .5,117

.... 1,428126

Total 55,049 1,404 4,343 8,992 2,775 9,685 4^464 87.702

Inoluded in the above totals are from New Orleans, 300 bales to Bar-celona, and from Savannah, 030 bales to the same port.

Below we give all news received to date of disasters to vessels

carrying cotton troin United States ports, etc.:

AiTON, steamer (Br.), Robertson, from New Orleans, before reported,entering' a dock at Havre, March 2, the check rope broke and thevessel collided witli the qua}' wail, and sustained serious <lanuLgeto her bows and niiulo considerable water. She was placed along-side the quay and the donkey euKine was kept going continually tofree her

M.VRIA I/OursE, steamer, from Shreveport for New Orleans, having onboard 1,537 bales cotti>n, sunk near the mouth of Red River, March18. Slie will probably be a total loss. Boat and cargo were valuedat $100,000.

P.vijtSTiNK, steamer (Br.), at Uveriwol, March 18, from Boston, badheavy weather, and had her deck-houses d.imaged.

Bbn Ix>m()ND, ship (Br.), at Liverpool, March 6, from New Orleans,reported : Ou Feb. 12. lat. 40, N., Ion. 42, W., blowing a hurricane,the foretopinast was cut away to save the ship, which carried awayJibbooni, niaiutopgallantmast and nearly all attached, and portionsof bulwarks on both sides.

EOBTDicg, ship (Br.), at Liverpool, March 8, from Norfolk, lost rudderon Feb. 18.

John Mukpiiy, ship, at Havre, from New Orleans, before reported, alsofirrounded while entering Havre harbor, and would be docked tohave her bottom sii;lited. 4

Thbmis, bark (Br.), Jordan, from Savannah for Bremen, before reportedspoken 80 miles west of Cape St. Vincent, with rudder broken andsnort of provisions, arrived at Cadiz, March 21.

March 1, lat. 45, N., lou. 32, W., there was passed a bale ot cotton,apparently not long In water.

Cotton freights the past week have b9«n as follows:

Uveriwol, steam d.

Do aail...d.

Havre, steam c.

Do sail c.

Bremen, steam, .e.

Do sail c.

Hamburg, steam c.

Do sail ...e.

Amgt'd'm, steam.c.

Do gall . . .e.

BaltJc. steam rf.

Do sail f.d.

Batur. Mon. Tues. Wednes. Thurs.

"e*...-

"a

..®

'is® ""32

^32® "4

=8*

"a

H

'l6®"32

732814

hi»8»..

>S

isa.-

<%

...3'..

7ij®15.

'32® "4

H

>3

...a.

7j8®153j

733® I4

'16Sg®..

»i)

=8*

Hi

>3

1,31632

FrL

1o

* Compressed.

LlvaRPi)Olj.^^By cable from Liverpool we have the followingstatement of the week's sales, stocks, &c. , at that port:

8»leg of the week balesForwardedSales AmericanOf which exporters tookOf which speculators took..

T«tal stock—Est iniatedOf which American—Estim'd

Total Import ot the week...Of which American

Actual exportAmount afloatOf which American

Mar. 5 Mar. 12. Mar. 19. Mar. 25

42,00018,00032,0007,0004,000

521,000386,00065,00045,0006.000

334,000284,000

45.00014,00033,0004,0005.000

576,000429,000109,00087,0005,000

313,000230,000

31,00022,00025,0003,0001,000

578,000421.00055,00031,0004,000

345,0002(54,000

42.00035,00014,0002.0003,000

573,000419,000I 50,00044,0004,000

350,000250,000

The tone of the Liverpool market for spots and futures each day of theweek endiug March 25, and the dally closing prices o( spot cotton, havebeen as follows:

ii

Spot.

Market,ia:30r

Mid. Upl'dsHid.Ori'ug.

Market, I5 p. M. (

SatesBpecA exp.

Futurtt.

Market, i

^ r.u. (

Saturday

Firmer Afr'ctlon'lydearer.

738

7h*

8,0001.000

Firm.

Monday.

Activeand

flrmer.

7>9

15,0002,000

Tuesday.

Mod. inq.freely

supplied.

7^

8,0001,000

Quietbut

steady.

Wednes.

7%

8,0001,000

Steady.

Thursd'y

Steady.

739

7'i»

8,0001,000

Quiet.

Friday.

&•a

»I

>.a•aCE«

'nie ootual galea of futweg at Llrerpoel for the same weak are glreabelow. These sales are ou the boaiii ot Uplands, Low Middling etauae,•ulegg otherwise stated.

DtUvery. d.Mar 7»8»"jiMar.-Apr... .7Sii»iijaApr.-Moy 76u'*i' 33

Dtlivery.Mar 7'gai'3aaT,jMar.-Apr 7''jaApr.-.May . ..75n'aii3aJune-July 7»a'*'»3jJuly-Aug 7"3j

Delivery..Mar 71132®^Mar.-Apr 7*33Apr.-May 7932May June... .7»32»'i«June-July 7II32

®*ie®''32

Delivery.Mar 7''isMar.-Apr 7»3sa '4

Apr.-May 7»4»'32

Dehtery.Mar '(»32

Mar.-Apr 7*32Apr.-May 73,

g

May-June 7732® '4

June-July 7'4a'*'.-i2

July-Auj 7»32

Satdbdit.Dthmry. d.

May-June 7i>at33gJaneJuly 7a|)'4ai3,2

July-Aug 7^«i>3tMONUAr.Delivery.

Ang.-Sept 7l»jtSept.-Oot 7^8May-June TSgMar 7'»3»May-June .7'iia

Tbesdat.Delivery.

July-Aug. 73g3Il32®=%Aug.-Sept 7!^Oct.-Nov 7Mar.-Apr 75igMar 7113aAug.-Sept 71532

WEt>NE5DAr.Belivery.

May-June ..7>4Juue-JiUy.. ..7'ig»>'3aJuly-Aug 76ig

Thcrsdat.Dehtmry.

Aug.-Sept 7»i88ept.-Oct 714Mar.-Apr 7'4July-Aug 7618Apr.-.May 7'4May-June 7*3a

Fridat.Good Friday—Holiday.

IDelivery. d.

8ept..Or.t 7i»jt|Oct.-HoT 71

IDcUtery.

. Mar ....',HMar.-Apr 7»u

I Apr.-Mav 7»i«IJtine-Julr 7''»a|Oet.-NoT 7

Deliveru.Oct.-Nov 6«i«Mar 7»atMay-June 7»jgJuno-July 7»i§July-Aug 7>>atAug.^ept 7H

Delivery.Aug.-Sept 7Ui«Mar 7»j.Oct.-Nov eJ»u

Delivery.Juno-July 7''i»July-Aug 7it3aAug.-Sept IHMar.-Apr 7»i»Jime-July 7»»iOot.-Nev «»i»jt

BRE ADSTU PFS.FRIDAT. P. M., March 20, 1880.

There has been a further and material decline in prices of all

grades of flour. The demand has been limited, and holders

have been under the necessity of making repeated reductions

in prices to effect sales. Many buyers withdrew till the market

should become more settled. The depression was caused mainly

by the decline in wheat, but supplies increased, and there was

much anxiety to reduce stocks in store. Yesterday the market

was dull and weak.

The wheat market shows a material decline, under pressure

to sell. The lower prices have had but little influence in stimu-

lating the export demand, because there has been a nearly

equal advance in rates of ocean freights. The large stocks

and favorable prospects of the Autumn-sown crop have en-

couraged large sales for future delivery at the decline. On

Tuesday No. 1 white closed at $1 37@|1 37^ for April

and |1 34M@$1 34)6 for May, and No. 2 red Winter |1 42^for April and $1 39/'2 for May. On Wednesday there was

some recovery, but it was only partially sustained. Yesterday

there was a steadier but rather quiet market, the latest call

being omitted, except that No. 1 white was active at a slight

decline.

Indian com also shows a material decline, and on Wednesday

No. 2 sail-mixed sold at 56@56^c. on the spot, 52%c. for April

and 50%c. for May ; steamer No. 2, on the spot, sold at 54Mc.

Yesterday there was very little change, but the close was weak.

Rye has been dull, and is nominally lower. For barley, prices

are pretty well sustained, and recent sales aggregate about

100,000 bush., mostly Canada, at 94c. for No. 1 and f1 05 for

No. 1 bright. Oats quite broke down early in the week. No. 2

graded touching 42c. for both mixed and white, and No. 2 mixed

sold at 41?6c. for April and 39^c. for May. Yesterday the

market was weak, and No. 2 graded quoted at 42^(@42>6c. for

both mixed and white.

The Produce Exchange was closed to-day, it being Good Fri-

day.

The following are closing quotations:

30® 4 10TLOOR.

No, 2 *bbl.Superfine State andWestern 4.50*4 90

Spring wheat extras.. 5 109 5 40do XX and XXX... 5 50» 6 75

Winter sMpp'K extras. 5 203 5 70do XX and XXX... 5 85® 6 8d

Minnesota p.atents... 6 503 7 50City shipping extras. 5 20® 5 75Southern, bakers' and

fomily brands 6 00® 7 00South'u ship'g extras. 5 40* 5 85Rye flour, superfine.. 4 70® 5 00Com meal- _ „ „„We8tem,Ae 2659 300Brandywine, Ac..., 3 30® 3 25

•»'-.#«ti

esAoc. \Wheat-No. 3 spring, Sj? bu.$l 30No. 2 spring 134Amber winter. . . 136Red winter. No. 2 1 43White 136No. 1 white 139

Corn—West, mixedWest'n No. 2, newWestern Yellow.

.

Western White...KyeOate-MixedWhite

Barley—Canada W.State, 4-rowed...State. 2-rowed...

Pea»—C»n*da,b.Jff,

54

56 ®66904142807062§3

«13231369143«143>a91403139'aa 56>a

5658

9 599 949 439 4691 OS9 809 709 9»

330 THE CHRONIC JLE. [Vol. XXX.

(From tht " Neui York I'roditce Exchange Weekly.")

Receipts of floar and grain at Western lake and river ports

or the week ending Mar. 20, 1880 :

Flour,liblg.

At— (106 Iba.)

Cliloa^ 44,019Milwaukee 45,910ToledoDetroit 4,879Caeveland 1,875Bt Louis 24,057Peoria 4,375Dulutli

Wheat,bunb.

(60 lbs.)183,428 1144,974205,317107,353

6,75091,8176,850

Com,bneh.

(56 lbs.)

,436,39869.700

174,81211,71223,330

632.065524,250

Oate,buBb.

(32 lbs.)

326,60442,4185,9021,0936,400

43,377105,300

Barley, Rye,bueb. liusli.

(48 lbs.) (56 lbs)28,259 11,59022,800 9,227.:.... 202

1121,0005,076

15,300

10,4511,450

28,02319,000

Total 125,720Same time '79. 113,869

746,489 2,872,287921.091 1,126,077

531,594 109,983626,269 92,946

42,50745,493

Total receipts at same ports from Jan. 1 to Mar. 22, inclusive,

for fonr years:

Ftonr bblB. 1

1879.1,381,346

1878.1,329,075

1877.970,469

11,980,40912,871,0654,199,9821,903,021690,803

3,671,86913,317,8432,947,4701,355,375471,911

1880.203,524

Wheat bush. 9,162,647 13,631,397Corn 28,449,793 16,114,652Oats 4,493,985 4,749,650Barley 1,545,107 1.551,815Rye... 536,029 668,966

Total grain.... 44,187,561 36,716,480 31,646,889 21,764,468

Total receipts (crop movement) at the same ports from Aug. 1

to Mar. 22, inclusive, for four years:

1879-80. 1878-79. 1877-78. 1876-77.

Ftonr bbla. 3,530,349 4,232,702 4,101,469 3,564,161

69,720,26156.182,04721,610,6328,593,5911,625.309

55,466,70047,961,28116,611,5398,381,8812,667,620

33.064,85452,067,74413,993,2607,421,0252,329,395

Wheat bush. 71,547,077Com 72,951,423Oate 18,907.419Barley 9,411,986Bye... 3,488,017

Total grain .... 176,305,922 157,731,840 131,089,021 108,876,278

Comparative shipments of flour and grain from the sameports from Jan. 1 to Mar. 20, inclusive, for four years:

1880. 1879. 1878. 1877.Flour bbls. 968,610 1,482.144 1,340,571 818,357

Wheat ....bush. 3,317,008 6,408,527 10,393,662Com 15,405,861 8,344,724 9,103,160Gate 2,865.351 3,183,857 2,532,088Barley 807,425 1,102,149 1,083,866Rye '. 395,316 315,604 415,805

1,653.0946,671,7751.713,169819,967217,211

Total (fraln .... 22,790,961 19,404,861 23,528,581 11,075,219

Rail shipments from same ports for the last four weeks:

Week Flour, Wheat, Com, Oats, Barley, Bye,endinc— bble. buBh. buBh. huah. bush. bush.

932,678 2.294,687 354,439 73,614 39.132383,194 1,741.181 356.830 84.496 27,345220,3801,729,023 242,196 73,306 20,311203.506 1.818,360 198,423 65,660 34,205

Mar. 20 99,392Mar. 13 114,784Mar. 6 102,472Feb. 28 105,301

Ttotal,4 w'kg.421.949 1.739.7,58 7,583,231 1,151.8944week8'79.. 559.897 2,684,992 3,293,831 1,397,370

297,076 120.993364,169 110,550

Receipts of flour andeuded Mar. 20:

Flour,A^- bbls.

New York 74.161Boetou 36,708Portlaud 4,200Montreal 4,427Philadelphia 10,200Baltimore 19.003New Orleans 16,618

grain at seaboard ports for the week

Wlieat,bush.514,786 111,52555.0007.800

77,000228,20047,566

Com, Oats,bush. bush.239,841 317,916287,817 55,90031,500

596,600667,400442,316

1.5006,666

43,60035,2006,478

Barley,bush.19,7362.7002,5001,000

16,000

Eye,bush.6,189

44010,4003.800

Totalweek 163.317 941.877 3.263.504 467,260 41.936 20.829Cor. week '79.... 216,194 1,037,450 2,218,572 368,783 106,192 93,477

And from Jan. 1 to Mar. 20, inclusive, for four years:

1880. 1879. 1878. 1877.Hour bbls. 1,962,728 2,234,308 1,939,418 1,492,211

1,378,04916,519,5662,958,068772,638246,716

Wheat bush. 8,090,205 17,096,859 15,042,817,Cora 24,243,473 20,649,282 21,178,327Oats 3,821,432 3,645,377 3,028,057Barley 1,133.212 1,054,769 1,682,016Bye 223,858 532,862 627,804

Total grain ... . 37,512,180 42,979,149 41,559,021 21,875,057

Exports from United States seaboard ports and from Montrealtor week ending Mar. 20:

Flour, Wheat, Com,From— bbls. bush. bush.

New York* .... 60,470 1,2.56,992 586,755Boston 18,079 150,641 222.413Portland..!.... 3,321 54,491 30,000MontrealPhiladelphia.. 2,928 57,265 467,274Baltimore 11,033 474,220 965,234

Oate,bush.1,236

Rye,bush.4,116

Peas,bush.10,421

1,218

8,000

2,454 4.116 3 8,4214,345 20,915 26,436

Total tor w'k 95,831 1,999,609 2,271,676Same Ume '79. 116,817 1,820,029 1,867,748

* 9,235 bush, barley, t 2,500 bush, barley.

The visible supply of grain, comprising the stocks in granaryat the principal points of accumulation at lake and seaboardports, and in transit by lake and rail, Mar. 20, was as follows

:

Wheat,In Store at— bush.

Hew York 3,550,319Do. afloat (est.) 651,000

Albany 1,000Buffalo 619,019Chicago 8,885,689Do afloat .... 202,329

MUwaukee 5,206,336DuiuiJi 270,000

Com, Oate,bush. bush.273.232 216,403511,000 272,00012.000 78,000

259,516 12.7605,417,685 939,7462,382,533 77,368205,388 47,099175,000

Barley,bush.348,919150,000190,000168,440563,366

Rye,bush.

114.24626,00046.80038,830

229,776

520,912 123,804

In Store at—ToledoDetroitOswegoSt. LouisBostonTorontoMontreal (1 5th).Philadelphia .

PeoriaIndianapolisKansas CityBaltimoreRail shipmente..Lake shipmente.

Wheat,bush.

1,241,8521,613,747260.000709.853106,722333,377123,215494.048

7,703188,98146,283

520.054932,678

Corn,bush.522,421

3,623125,000

1,4.54,344354,054

88,595389,758344,460161,015164,361460,414

2.294,687

Oate,bush.91,86918.2892,000

197,23150.53322.3.50131,721

98,506160,443143,895

Barley, E.ve,bush. bush.29.000 5,8182.855

410,000 4.00032,809 42,46813,980 4,318

124,771 7268,971 37,678

827 52,5653,2723,848

354,439 73,614 39,132

Total 23,8(54,237 15,599,088 2,914,671 2,638,464 775,281Mar. 13, '80 27.046,506 14.979,402 2,847,509 3,470,690 820,612Mar. 6, 'SO 27,239,552 14,970,044 2.804.575 3,509,077 831,162Feb. 28. '80 28,034,716 15,621,190 2,909,694 3,687.191 900.050Feb. 21, '80 28,179,959 13,324,733 3,009,923 3,768.721 913,945Mar. 22. '79 20,090,441 13,130,646 2,271,434 3,139,438 1,238,595

THB DRY aOODS TRADE.Fridat, p. M., March 26, 1880.

The past week has witnessed a lull in the demand for most

descriptions of dry goods at first hands, and operations were

more nearly of a hand-to-mouth character than at any time

since the opening of the Spring trade. There was, however, a

steady movement in many kinds of seasonable goods on account

of former orders, and the tone of the market, if less buoyantthan of late, was at least firm, and stocks of manufacturedgoods are so light that the stability of prices seems to be

assured for some time to come. The jobbing trade has shownless aaimation than for weeks past, and while department

goods were fairly active there was less inquiry for domestics

and prints, most of the larger retailers having supplied their

immediate wants.

D0.MESTIC Cotton Goods.—The exports of cotton goods hence

(to markets abroad) during the week ending March 23 aggre-

gated 1,517 packages, of which 679 were shipped to GreatBritain, 254 to Chili, 205 to U. S. of Colombia, 153 to Mexico,

57 to Dutch West Indies, 52 to Venezuela, 45 to Brazil, &c.

The market for cotton goods ruled steady, but (as indicated in

last report) the upward tendency of prices has been checked bythe lessened demand and the decline tendency in the staple.

Brown cottons were in moderate request by jobbers and con-

verters, but bleached cottons were a trifle sluggish, and trans-

actions in colored cottons were mainly restricted to small pur-

chases of the various makes. Print cloths were [quiet and easier

on the basis of 5%@554c. for 64x64 spots, 5}ic. for 64x64r. for

July to October delivery, and 5@5 l-16c. for 56x60s—"futures"

and " spots." Prints moved slowly , and selections were mostly

confined to small parcels of the newest work; but prices remained

steady and unchanged. Wide printed cottons, lawns and

piques were in steady demand, and ginghams and cotton dress

goods continued active in both first and second hands.

Domestic Cotton Goods.—The condition of the market for

woolen goods has not materially changed. Prices continued

very firm on all desirable makes of cl&thing woolens, blankets,

flannels, carpets, &c., and stocks in first hands are exceedingly

light, many makes being heavily sold in advance of production.

The business of the week in woolen goods was comparatively

quiet, owing to the fact that so many makes of goods are sold

ahead, but there was a large movement on account of former

orders. (Hotton-warp cassimeres were sought for in considerable

quantities, but transactions were checked by the light supply

offering, and there was a moderate demand for all-wool fancy

cassimeres and cheviot suitings. Worsted coatings were a trifle

less active, but the fuU products of the leading mills have

already been disposed^ of, and prices are very firm. Overcoat-

ings ruled quiet, and cloths and doeskins were lightly dealt in.

For Kentucky jeans and satinets there was only a moderate

inquiry, and transactions in flannels, blankets and carpets were

mostly confined to making deliveries in execution of back

orders. Worsted dress goods were in fair request, but shawls

remained very quiet.

Foreign Dry Goods.—There was an irregular demand for

imported goods at first hands, but prices ruled steady. Dress

goods were in fair request, and fine black and colored silks met

with considerable sale;^ut low grade silks and Pekin's were

quiet, owing to the factliat retailers have lately been enabled

to supply their immediate wants through the medium of the

auction rooms. Linen and white goods and laces and embroid-

eries, were in moderate request, and there was a fair movement

in hosiery and gloves.

M.4.RCU 27, U80.

1

THE CHROJSICLL. 331

Importatloiia of Dry Oooda.The importatioM of dry goods at this poii for the w«ek ending

March 25, 1880. and for the corresponding weeks of 1879 auu1878, have been as follows:

NTERED FOB CONSUMITION FOR THE WF.F.K ESllISO MARCH 25. 1880.

ManufaotureB of—WoolCottouBilkFlax

Uiscollaueous

Total

1878.

PltKS.

53095668e^867380

Value.

222,444295,450403,275198,732132,712

3,327 1,252,013

1879.

Pkgs.

7991,567864

1,5034,592

Value.

$322.932454,259559,220327,426108.516

9.325 1.832.353

1880.

PkKS.

1.1281,8001,1151,897992

Value.

$459,086516,951738,40340(i,372209,590

0,932 2,421,0li8

WITHOBAWN FROM WAUEHOUSB AND THROWN INTO THE MARKET DUR-ING THE SAME I'EKIOU.

Manufactures of—Wool 449

283118592

6,310

183,97383.137

111,413129,47460,615

36918408

4114,200

151,03154,06283,48980,39983,032

3141.53

98483

2,209

121,4.53Cotton 37.101Bilk 85,198Flar 102,713

MtsceUaueooa 38,535

Total 7,7823,327

!>59,6141,252,613

5,2629,325

458.0331,832,353

3,2.576,932

385.060Bnt'd torconsojupt. 2,421,068

Total on market . .

.

11,115 1,812,227 14,387 2,290.386 10,189 2,800,128

KNTKHEI) FOR M.TAREIIOUSii I>(;ul^ (! SAME V EHIOD.

Uanufactures of— i

Wool .538

Cotton I195

8Uk!

149Flax 408

Hlsoellauoous 251

TotalEnt'd forcon8uuii>t.

Total at the port...

1.5113.327

4.808

211.29454,482125,17386,52335,060

512,53«1,252,613

1,765,151

395172133317132

1.1699,320

10.494

165.93040,482

123,50109,04936,245

435,2071,832,353

2,207,500

255113110413

2,115

3,0066,932

9,938 2,306.376

Import* or Leading; Articles.The following table, compiled from Custom House returns,

shows the foreign imports of leading articles at this port sinceJanuary 1, 1880, and for the same period in 1879:

ITlis quantity is given in pitcka^cg when not otherwise apecifled.l

1880. 1879. 1880. 1879.

China, Ac- .Metals, Ac-China 2,988 2,216 Lead, pigs

.

16,123 2,186Earthenw . 10.749 7,.365 Siielter, lbs 1,786,417 253,723Glass 122,120 43,812 Steel 106,276 15,112Glassware

.

7.377 7,72.1 Tin, boxes. 389,772 2.53,736Qlass plate. 1,543 1,007 Tin8lb8.,IbH 8,579,39 4 3,231,481Buttons 3,533 2,757 Paper Stock. 63,483 28,347Coal, tons... 9.333 7,019 Sugar, hhds.Cocoa, b.aKS. 12,160 7,725 tcs., itbbls. 109,591 106,384Coif00, baKS.Cotton.liales

552,031 510,790 Sugar, boxes1,579 3,870 and bags..

.

730,303 500,950Drugs, &c—Bark, Peru. 8,425 9,060

Tea 374,63723,794

261,92V17,531Tobacco ....

Blea. powd. 6,088 3,057 Waste 315 151Cochineal.. 1,.550 700] Wines, &o.—Gambier . . 13.549 13,631 Cbamp'gueGum, Arab. 2,333 1,253| baskets .

.

23,123 13,227IndigoMadder, &^

2,407 1,325! Wiues 25,822 20.6694 83 1,200 Wool, b.'iles. 37,625 7,936

Oil, Olive.. 10,813 6,729 Reported tyyOplmu .... 179 203 value. $ $Soda, bi-ch. 3,352 5.813 Cigars 422,636 328,880Boda, sal... 9,973 13,2491 Corks 10,020 1.1,311Soda, ash.. 18,016 15,055 Fancy goocls 214,822 153,693Flax 2,040 544 Fish 119,331 9 1,395Furs 2.795 1.497 Fruits, &«.—Gunny cloth 1,414 109 Ijonions - . . 147,767 159,704Hair 4,203 1.161 Oranges ..

.

000,547 586,004Hemp, bales 55,800 39,779 Nuts 247,578 208,(173Hidefl, &c.

—

Raisins 300,910 305,812Bristles . . . 663 266 Hides, undi'. 7,404,210 2,733,370Hldes.dr'sd 2,942 1,090 Rico 54,734 17,176India rubber 19,061 12,325 Spices, dtc.—Ivory 645 198 Cassia 57,481 70,304Jewelry,&c- Ginger .. .. 15,958 41,540Jewelry . .

.

799 051 Popptir .... 130,065 131,112Watches . . 215 140 Snitpetro ... 93,695 70,489Linseed 51,040 146,710 Woods-Molasses 10,093 7,024 Cork 131,095 100,038

Fustic 11,376 31.300Cutlery 1,871 1,2.50 Logwood .

.

Mahogany

.

208,777 217,058Hardware... 401 159 40,194 34,912

_, , ,,Eiport» of Provision*.

Ihe foUowing are the exports of provisions from New York,Boston, Baltimore, Philadelphia, Montreal, Portland and NewOrleans, for week ending March 20, 1880, and their distribution :

To-

LondonLlveriKiolGlasgowBristolCardiffNewcastle . .

.

HullHamburgRotterdam...BremenDenmark . . .

.

HavreMarseilles . .

.

French ports.SpainCent'I Amer.

.

MexicoS. Am. ports .

HaytiC"ubaW. I. ports...B. N. A. Col .

.

Oth'r countr'f

Total week

.

Pork,bbls.

824622410

366200

16

340

'i'66

200

1221,577

i',7o6747794

Beef,bbls.

920764

1,274

' '788

150

1022553

375

99

"5461

'572135314

Lard,lbs.

1,291,0351,326,815194,88074,90070.250

123,714190.500

1,985,037423.400231,20032,000

204,103307,280223,68047,240

151,98313,4.35

222,90333,000

409,8009,601

17,817129,838

7,912 5.6921 8,504,430 17,665,386

Bacou,lbs.

1,438,1717,633,159723,900708,550768,075005,025507,775953,375522,700830,123295,925

1,289,23330,875

142,500632,500

4,8812,709

25,0879,356

47,95171,031

15.<KX)

Cheese,lbs.

374,700178,31043,98016,020

14,640

Tallow,lbs.

580,000262.300437.300148,779

155,424

2.8171.9221,0084,707

35,725

1,782

075.011

93,500124,000

8,000

4.5,449100,361

14,673200

Heeclpts or Leadlntc Articles 01 Domestic Prodnco.

The following table, based upon daily reports made to th«New York Produce Exchange, shows the receipts of leading

articles of domestic produce in New York for the week endingwith Tue-sday la-st (corresponding with the week for exports)

also the receipts from January 1, 1880, to that day, and for thecorresponding period in 1879:

2,756.227

Ashes bbls.

Beans bbls.BrciMlstuffs—Flour, wheat bbls.Com meal bbls.

Wheat bush.Rye bush.Com bush.Oats bush.Barley and malt bush.Peas bush.

Cotton bales.Cotton seed oU bbls.

Flax seed bags.Grass seed bags,Hides No.Hides....... bales.Hops balesLeather sides,

Lesd, pigs.Moliwses liuds.MoIaKSCB bbls.Naval Stores—Turpentine, crude bbls,Turpentlue, spirits. . . bbls.Rosin bbls.

Tar bbls.Pitch..., bills.

Oil cake pkgs.Oil, lard Dbls.Oil, whale , galls.

Peauuts lushProvisions-Pork pkgs.Beef pkgs.Cutnieats pkgs.Butter pkgs.Cheese pkgs.Eggs bbls.I^rd tcs. & bbls.Lard kegs.Hogs, dressed No.

Rico pkgs.Spelter slabs.Stearlne pkgs.Sugar bbls.Sugar hhds.Tallow ...pkgs.Tobacco boxes & cases.Tob.toco hhds.Whiskey bbls.Wool bales.

Week ondine Since Jan. 1, Same timeMarch 23. 1880. last year.

75 046 1,7112,354 14,637 20,100

78,280 809,382 1,220,8211.481 21.090 14,690

887,202 3,146,853 8,841,61125,162 109,795 243,212

1,512,321 6,794,799 5,823,192:J60.780 2,184,391 1,827.7681 15,770 1,H;0,788 1,061.51324,390 127,817 124,96210,385 315,214 271.9161,605 9,729 9,457

7 3,550 2,8291,881 53,537 79,3893,721 30,522 55,8781,376 13,591 10,318572 4,670 20,740

67,554 783,427 968,4880,324 22,228 375,691

4,941396 36,m 69,306

10 1,025 332592 15,937 9,917

7,265 67,439 61,2131,280 5,916 6,479370 790 496

18,122 111,283 123.7931,429 6,429

2,087 29,570 33',638

3,723 22,999 78,986682 10,003 13,075

42.406 470,476 510.12713,335 226.488 273.6980,000 103,290 273,566

24,801 135,911 79,47412,105 134,149 24-.',0772,654 25,490 8.8761,445 39.765 19,6191,874 21,264 10,412580 11,339 33,J51197 4,095 8,822

71 8114 6,381 23,989

2,480 24.805 30.2563,139 39,114 28,7131,628 12.102 7,6397,104 76,109 88,871

89 6,113 11,058

Exports 01 Leadlnx Articles or Domestic Produce.

The following table, based upon Custom House returns, showsthe exports from New York of all leading articles of domestieproduce for the week ending with Tuesday last; also the exports

from the 1st of Janaary, 1880, to the same day, and for the cor-

responding period in 1S79:

.\8he8, pots bbls.Ashes, pejirls bbls.Beeswiix lbs.Breadstuffs—Flour, wheat bbls.Flour, rye bbls.Com meal bbls.AVheat bush.Rye bush.Oats bush.Barley bush.Peas ' bush.Com. bush.

Candles pkgs.Coal tous.Cotton bales.Domestics pkgs.Hay bales.Hops bales.Naval Stores-Crude turpentine bbls.Spirits turpentine bbls.Rosin bbls.Tar bbhi.Pitch bbls.

Oilcake owt.Oils-Whale gals.Sperm gals.Lard gals.Linseed gals.

Petroleum gals.Provisions—Pork bbls.Beef bbls.Beef tierces.Cutmeata lbs.Butter lbs.Cheese lbs.Lard lbs.

Riee bbls.Tallow lbs.Tobacco, leaf hhds.Tobacco. . : . .bales and cases.Tobacco,i]anufacturcd. lbs.Whalebone lbs.

Veek ouding Since Jan. 1, Same timeMarch 23. 1880. last year.

so- 308 163lo 67 12

275 21,083 12,700

72,927 816,211 692,50630 1,061 2,502

6,970 33,374 38,1861,292,670 7,440.732 8,690,018

4.216 114,481 704.5421,334 34,463 41,103

10,649 198,109 21,71214,019 77,817 127,287

490,344 5,660,393 6,705,2732,294 13,604 16,4301,901 13,422 19,100

11,591 74,940 69,0061,787 22,263 27,9502,139 21,050 .

1,785 9,71«

100159 2,332 2,420

9,962 40,950 31,677229 1,289 1,820313 1,213 1.241

18,087 378,805 119,616

288 288 11,21913.661 61,058 24,3417,623 111,744 260,873970 7,152 1,900

1,108,727 66,157,808 30,829,023

5,117 51,644 69,6651,042 11,174 10,1612,862 17,261 10,615

11,344,930 136.090,919 200,610,656295,740 4,880,140 7,622,037188,064 11,501,028 24,596,877

6,739,564 58,002,274 68,817,933148 2,783 4,181

3,334,003 13,173,850 18,923,297328 15,670 11,725781 11,533 7,201

201,136 1,816,539 1,5028,312 36,499 15,893

THE (CHRONICLE. [Vol. XXX-

Financial.

UNION TRUST CO.OF NEW YORK.

No. TS Breadwar, Cor. Rector St.

CAPITAL, (1,000,000.

HAS SPECIAL FACILITIES FOR ACTING A8

Tranfirer Agent andRegistrar of Stocks.

AatborUed by law to act a< Kxecutor, Administra-

tor, Oimrdlan, Receiver, or Trustee, and la a

liBGA^I. DEPOSITORY FOR nONET.Intwest allowed on Deposits, which may be made

»ad withdrawn at any time.N. B.—Checks on this Instltatlon pas« throuch the

Clearlng-House. KDWAUl) KISQ, Prtmdent.

i . M. MoLkaM, 1«1 Kc«-iV««(d«nl.J. H. OGILTIK, Id Vice.FrMtimt.

EXECUTIVE COMMITTBE.J. M. MoLeas, Samcsl Willkts,AOeOSTCS SOHKIL, Wu. WuITIWBIOHT.K. B. Wkslbt, Gig. Cabot WabdG. O. Williams, G. D. Wood.

A. O. RONA1.DS0N. Secretary.

The Brooklyn Trust Co.Cor. of Montatrae & Clinton sts., Brooklyn, N. T.

This Company Is authorlied by special charter to

act as receiver, trustee, guardian, executor, or ad-mlDlstrator.

,. .

It can act as agent In the sale or management of

real estate, collect Interest or dividends, receive

registry and transfer books, or make purchase andsale of Government and other securities.

Religious and charitable institutions, and personsnnaccustomed to the transaction of business, will

find this Company a safe and convenient depository

toT money. RIPLKY HOPES, President.'

CHAS. R. MARVIN. Vloe-Pres't.

Bdoab M. CULLKN. Counsel.TRUSTEES: ^

Wm. B. Kendall, Henry Sanger, Alex. McCne,John P. Rolfc, Chas.B. Marvin. A A. Low,Thomas Sullivan. Abm. B.Baylis, Henry K.SheldonH. E. Pierre pont. Dan'l Chauncey, John T. Martin,

Alex. M. White, Joslah O. Low, Ripley Ropes,Austin Corbln. Edmund W. Corlles.

WM. R. BUNKER, Secretary.

Financial.

Dodge, Potter & Co.,BANKERS

AND

COTTON COMMISSION MERCHANTS,34 FINE STREET,

New York.

Sheldon & Wadsworth,10 WALI. STREET,

BANKERS AND DEALERS IN

BONDS AND STOCKS.All daeses of negotiable securities bought and

s^ld at the Stock Exchange on Commission. Ad-ranoes made on same.

WM. 0. Sheldon. Wm. B. Wadsworth.

Wk. K. Owkxs, Geo. A. Mercek.IM«ail>er N. V. Stock Exchange.

-Owens & Mercer,BANKERS

AND COMMISSION STOCK BROKERS,7 Bxcbange Court aud 52 Broadnray.

Interest allowed on deposits, to be drawn at will

Also, Contracts made and carried In New YorkCotton and Produce Kichanges. We issue a DallyJLetter which will be sent on uppllcatloc.

Buttrick & Elliman,BANKERS AND BROKERS,

No. i Nassan Street, New York.

BONOS, STOCKS and INVBSTMRNT SECURITIES80UGUT AND SOLD ON COMMISSION.

C- A. Buttrick, Member of the N. T. Stock Exch'ge.Wu. Et.LiHAN, Member of the N.Y. Mining Exch'ge.

BANKERS,C<ra. OF WALL STREET AND BROADWAY,

New York.

TrsoMOt a General Banking Business, includingthe purchase and sale of STOCKS and BONDS forcuh. or on margin.

mar and Sell Investment SecnrUlea.P. O. BOX 8,847.

A,tLKiDDxa. Wayland Tbask. H.jr3i6sss.'

7''antesM. Drake& Co.BANKERS,

21 AND 22 DREXEL BUILDING,

'Vrall St., New York.

BUY and SELL RAILROAD STOCKS and BONDS,U 8 GOVERNMENT, STATE. CITY, and all otherNegotiable Securities, ON COMMISSION.Mr. J. M. Drake has been a moniber of the New

York Stock Exchange since IS.'ia, and will give per-

sonal attention to all business entrusted to the firm.

WAL8T0N H. BBOWN. rtlSD. A. BROWN.

WalstonH .Brown& Bro.RANKERS,

1 1 Fine Street, New York.

SPECIAL ATTENTION GIVEN TO THE NEGO-TIATION OF

RAIIiROAD SECURITIES.

Financial.

Coleman Benedict & Co.STOCK AND BOND BROKERS,

9-1 RROADWAY, NEW YORK.Stocks RaHroad Bonds, Governments, and all Se-

curities dealt in at the New York Stock Exofaangebought and sold for investment or cavried on mar-gin, strictly on commission.Coi.KMAN Benedict, Jas. McQotehn,Jr.

Member N. Y. Stock and Mining Exchanges.

E. S. Bailey,

7 FINE STREET.Dealings In

Insurance StocksA SPECIALTY.

wcash paid at once for the above Securities; orthey will.be sold on commission, at seller's option.

JAS. L. Anthony, Member N. Y. Stock Exchange.Henrt W. Poor.Ja». H. Oliphant, Member N. T. Mining Exch'ge

ANTHONY, POOR & OLIPHANT,BANKERS AND BROKERS,

No. 10 Rroad Street, New York,And 83 Devonshire Street, Roston.But and Sell on Commission all Securities

Current at the New York Stock Exchange.Allow Interest on Deposits. Make AdvancesON Approved Collateral.

Hinckley & Jones,No. 19 William Street, New York.

GOVERNMENT BONDS, STOCKSAND INVBSTMENT SECURITIES

BOUGHT AND SOLD ON .COMMISSIO.V.SPECIAL ATTENTION GIVEN TO

ininiNG STOCKS.B. HiNCKLET, Wm. M. Lent.L. M. Jones, tan Francisco.Member N. Y. Stock Fxchange. (Special.)Member N. Y. Mining Stock Exchange.

J. C. WALCOTT & CO.,

BANKERS,No. 29 Broad Street,

Transact a General Banking Business, buy and sell

on commission ail securities dealt in at the NewYork, Philadelphia and Bo.ston Stock Exchanges,either for cash or on margin. Special attentiongiven to Mining Stocks.

Jos. C. WALCOTT, FRANK F. DICKINSOH,Members N. Y. Stock and Mining Exchanges.

Kimball, Howell & Co.,C. H. KIMBALL, J.P. HOWELL, N. P. HENDERSON,

Members N. Y. Stock Exchange,

68 BROADWAY AND 17 NEW ST.,

Bdt, Sell and Caket on Makgins

All Seenritie* dealt in at the Exchange

J.H. Latham & Co.,

BROKERS INFOREIGN EXCHANGE,

Ignited States, Chicnaro, Cincinnnti, St. Louis,District of Columbia Bonds,

AND eXHERIWESTMENT SECURITIES,

52 WILLIAM STREET.J. H. LATHAM. F. W. Perbt.

J. D. Probst & Co.,STOCK AND BOND BROKERS,

No. 52 BXCHANGB PLACE, NEW YORK.

;STOCKS, BAn.BOAD BONDS, OOYEaNMSNTg, ANDMiaCILLAXSOVS SlOUBIIlSS, BOVQ&T AND 80U>,

John F. Zebley, Jr.,BANKER AND BROKER,

& BROAD ST., NEtr YORK,(Drexel Building)

Dealer In Investment Securitlea.

Orders executed at the Stock and Mining Exchanges.

Special attention given to Defaulted Railroad andMunicipal Securities of Illinois, Kansas, Missouri,

Iowa and Nebraska.Correspondence solicited and full informatioo

given on all classes of bonds and stccka.

Insurance.

The United States

Life Insurance Comp'y,261—264 Broadway, N. Y.

A8se«s, .... $4,983,236 81Surplus, .... 872y484 u6

JAMK3 BUELL. President.

LIBEUAI. AND IMPORTANT CONCESSIONS INLIFE INSURANCE CONTRACTS.

Examine the new form of Policy issued by thaUnited States Life Insurance Company before In-surine elsewliere.

After the premiums for three or more years havebeen paid, upon receivinK the required notice fromthe assured the Company will continue the Policyin force without further payments, for its FULLFACE, for such a period as the ENTIRE RKSERVBwill carry it.

Should the d ath of the insured take place duringthe continued term of Insurance as provided forabove, the full face of the Policy will be paid—nodeduction beinR made for foreborne or unpaidpremiums, excepting in the event of the deathoccurring within three years after the originaldefault.The new form of Endowment Policy provides :—

That If the ENTIRE RESERVE Is a greater sumthan the single premium required to carry the fullamount of Insurance to the end of the endowmentterm, the excess shall be used as a single premiumto purchase a pure endowment, payable at the endof the term, thus guaranteeing to the policy-holderIn evcTT event the full value uf his Reserve.NO SURRENDER of the Policy is required ; only

a notice from the policy-holder, on blanks fur-nished by the Company.AFTER THREK YEARS, AIAj RESTRICTIONS

and CONDITIONS in regard to travel, residence,occupation and cause of dealh are removed, thusmaking the Policies, after three years, INCON-TESTIBLB FOR ANY CAUSE. EXCEPTINGFRAUD.The Company will, upon application, send Circu-

lars giving full particulars.Office of Middle Department, Boreel Building

No. 117 Broadway, N. Y., Henry W. Baldwin, Supt.

HOMEInsurance Company

OF NKW YORK,OFFICE, IID BROADWAY.

Flfty-TIiird Seml-annnai Statement,SHOWING THI

CONDITION OF THE COMPANY ON THE FIBSTBAT OF JANUARY, 1880.

CASH CAPITAL $3,000,000 00Keaervetor Be-lnsurance 1,841,438 00ReieiTe for Unpaid Losses 248,764 81Net Surplus 1,320,785 30

Casli Assets iji6.410,988 11SflMIHAUV OF ASSfcTji

Held In the United States, available for the RAY-MENT of LOSSES by FIIIK and for the protec-tion of Policy-Holders of FIRE INSUBANCB:

Cash in Banks 1283,290 39Bonds and mortRages, belnfi first Hen onreal e.state (worth t4.ni,400) 1.886,653 09

United States stocks (market value) 3,184,125 00Hank stocks (market Talne) 200.T02 50State and municipal b'ds (market value) 237,858 50Loans on stocks, payable on demand(market value of securities t543.592). 418,670 09

Interest due on 1st January, ISSO 54,870 8«Balance in bands of agents 154.114 87Real estate , 51,125 91Premiums due and uncollected on yolUcles issued at this ofBce 6,507 38

Total to,410,988 UCHAS. J. IHARTIN, President.3. H. WASHBURN, Secretary.

1

I

OF NEW YORK.^___^-JF.S.WiNSTON,PRESIDEM1SSUES EVERY APPROVED DESCRIPTIONO

.IFE AND ENDOWMENT POIICIEJNTERMS^AS FAVORA^BLE AS^THOSE 0.

ORGANIZED APRIL IZV* '8*2. ^-

MMQC!i[m$8aooo,ooc

f^g MarciMarch 37 .1880.] THE (JHRONICLE.

ntarance.

OFFIOK CI' TUE.

ATLANTICMutual Insurance Co.

NiiW Yoi!K, Jiiniiary Zi, 1880.

Tlio Trustees, I;i coii'r.r.iiity to tho C'hiiitor of

thoComv,any, siilim:t V:n fciIlowlrR Stiitouicnt

of It.inlTalraon f'.io "1st J)c<.'p:nl«"r, 1870:

Prcmi;;iii3 rcocivoil oa MarinoKkL-s, from li;t J;ia!::ir;-, 1378,

to C 1 .st December, 1 G70 $1,(109,060 58Prcmiiiinfi on Policies cot iiiiirlc-

0.(1 oT 1st Jannnry, 1^70....." 1,071,981 91

Total r.inouiit of Moriuo Tro-

itiliuns .- $.5,371,018 -19

;>(> I'olieles liavo T)rea l!i.sue(l

iip«u l.lfe Riskfl : i:or uponFii"c di- coiuiected witli Maiino

Kiska.

PrcmliimB niarUcd od from 1st

Ju4u;;iry, 137^,to^l«tZ)«cem- * --

bcr, 1370 3,87.5,10120

Loeccs paid duilaa t'AH eamorcriod .......,.-«-5... 1,524,331 04

Ecturr.s of Prcmiuui^ a:id J;x-' >

peases ". ....~ 840,730 77

Tlso Company lia&tlip for.owing Assets, vi?..:

United St,-.tc3 and State of KewYork Stock, CItj-, nank.anil-otiior Stocla ;,$S,S75,558 00

Loans EccurcdUy Stocks, andct'jorwiso 1,307,900 00

Kcal Est-ite aad elair.'.a duo tho

Cor.r >aay, estimated at 500,000 00P:-cai'.n:n KotcS 'llr.d Kills Ee-- - ' •

e;:iv.".'jlo '. . . 1,522,820 35CasJilu Kank 231,155 10

Total Araouat of Assot-i $12,437,739 51

Six per ceat I:itcrcst on tlic out.stand-

1ns ccrtillcatc.? of prc>flt.s iiviU bo paid to thoholders thereof, or t'.icir 1 i^nl rexirc'scntativcs,

on and after Tuc-sd.iy, tlio 3d of February next.

F ttr per C2at or t:»o Outstandingrcrttacatca of Ilio.Lssao of 187G, will boredeemed and paid to tho holders thereof, or

their legal representatives, on and after Tues-day, tho 3d of Febnuiry nest, from which dateInterest on tho amount so rc<lRemablo will

cease. Tho certificates to bo produced at tho

time of payment, and cane<^lcd to tlie extent

paid.

A DIrtdend ef Pori/ pT «eu» is de-

clared ou tho net earned premiums of the Com-pany, for tho year ending 31st Dcoeraber, 1879,for which certiflcatca will bo issued ou and after

Tncsdiiy, tho 4th of May next.

Hy order of tho Boanl,

J. H. CHAPMAN, Seeretarr.

5 —

;

' XKUSXEKSt ^

J. rj. Jones, Uoracofltt&y,

Charles Dennis, Edrami'd W. Torlles,

W. II. n. Moore, John Elliott,

Lewis Curtis, Alexander V. Blake,

Charles n. RubbcU, Robert B. Mintorn,

James Low, Charles H. Marshall,

David Lane, George W. Lane,Gordon W. Bnmham, Edwin D. Morgan,A. A. Haven, Eobert L. Stuart,

AV'm. Sturgis, ^ James G. Do Forest,

Adolph Lcmojnie, Frederick Chauncey,Benjamin H. Field, Charles D. Leverloh,

Josiali O. Low, William Bryco,William E. Dodge, William H. Fogg,Koyal Phelps, Peter V. King,Thomiis F. Youngs, Thomas B. Coddington,C. A. Hand, Horace K. Thurbor,John D. Hewlett, William Degroot,William II. Webb, Henry CoUins,Charles P. Burdett, John L. Rlker.

J. D. JONES, President. *

CHARLES DEIfNIS, Vice-President.

W. H. H. MOORE, 2d Vice-President.

A. A. BAVEJf, 3d Vlcc-Pre»I4eat.

Insurance.

MARINE AND FIRE IN.SURANCE.

COMMERCIALMutual Insurance Co.

No*. 57 and 59 WlUlam Street.

INSURES AOAnrST

MARINB, FIRE AND INLAND NAVIGATIONRI8K8.

Commercial Cards.

ASSETS Jan. 1, 1880 $810,804 75

ALL RISKS Wbittk.n at Bkasoitabli IUtks.

W. IRVING COMES, President.

WAINWRIGHT HARDIE, Vicc-Pres't.

HENRY D. KING, Treasurer.

Steamsliipg.

Brinckerhoff, Turner

& Co.,UftDDtft«lar«r» «Ad i>««t#)r» lb

. COTTONSAILDUCKAnd ^1 kind! of

OOTTON CANVAS. PKLTINU DUCK, CAB COVBKma, BAOOINO. KAVEHH UCCK, BAIL TWIIW

*C. "ONTARIO' KKAMI.K88 BAU8,••AWNJNO STllIi'lig.'

Alao, AlfODtt

I'Ulted State* RnntlnK ''ocnpaar.A t^ii lapplj »n •VHti,. »ud colort •Iwtri in itaek.

No. I0» Roane itlrect.

ON h.Y

Direct Line to France.

The 0«neral Trans-Atlantic Company^Mail )$teaiuglil|>8,

BITWXKH

NBW ¥OKK AND HATHB.The splendid vessels on thlH vorite roQt« f<>r the

Continent—cabinj* provided with electric bells—willsail from Pier (new) No. 42 North Klver. foot ofMorton street. h« follows ;

FUANCB, Trurtelle Wed.. March 31.9 A. M.CANADA, Frangucl Wed.. April 7. 3 P. M.LABRAUOK. iSanglier Wed.. April U. 8 A.M.

PRICE OF PASSAGE, (Including wine; .

To Uavre—First cabin, $100 and $80; second cabin.$6u. ' Steorai^e, $20, tncludlnK wine, bedding andutensils.Return tickets at vorr reduced rates, available for

twelve months.For passage and freight apply to

I.OI7IS DEBEBIAN,AKent, 55 Broadnraf.

Atlas Mail Line.Our AspLnwall steamers form close connection at

Panama with the steamem ot the Pacific 8teamNaviKution Company, being the quickest and mostdirect service betwesn New York and the west coaatof South America.For KINGHTON, A8PINWALL. OREYTOWK, COLOM-

BIA, PANAMA and .soiTH PACiric Ports:AII.8A March 30 1 AI,TH08 April 13

For Hayti :

ATLAS April 1IANDES April 19

For PoRTU Hico :

KTNA April 17| CLARIBKL April 27

For Maracaibo:ARRAN March at

IHOU8SA April 82

Superior accommodation for Urst-claaa passengera.For freight or passage apiily to

PIM, i'ORWOOD « CO., Aeents,No. 87 Wall Street.

Commercial Curds

E.R.Mudge,Sawyer&CoAiiFNTS FOR

WaaUington millti, Ohlcopee Klfg. Co.,Burlingt'>i> TVoolen «;o.,

Bllertou Metv^lilla,Anantic Cotton MUls.

Saratoga Victory Mfir. Co., ilceaniniilHAND

Hosiery, Sltlrti) and DrawersFrom Various Mills.

NEW YORK, BOSTON,43 ft 45 WutTE 8TKKET, 15 CHACNCKY STREET

PHILADBI-PHIA,J. W. DAYTON, 230 CHESTNUT STBEBT.

George A. Clark & Bro.,

ANI>niLIPARD'S HBLIX NEBDliBS.

400 BROADWAY. NKW YORK.

D. W. Lamkin & Co.,Cotton Factor*,

VICKSBVRO, MISS.Order! to Purchase Cotton in our market olioltetf

Refer to Messrs. TUOMAS J. SLAUOUTEKNew York.

A. L. Pierce & Co.,Civil Engineers A: Real Eniate AK«nl»

VICKSBURG, flIISS.

Pnrchafie, sale, entry and redemption of lands andpayment of taxen for non-residents attended to.Information us tu value and lu<-a) advantaKO ofland-* ftirni^licd. Our Held of opcratlun embracerthe Statea of Louisiana and Mississippi.

Russell & Co., China,COMi«i8sios Merchants and Ship Aoents,

Honv Kong, Cautoii, Amo}', Poochow, Shano^hai and lluukow.

Agent In America, S. W. POMEROT, Jr.New York Office. 5B Wall Street.Boston Otlicc, 44 Central Street.

Works atOrient. L. I

'Eureka""Orient."

The Atlantic .& Virginia

Fertilizing Co.OFFER THEIR STANDARD BRANDS

AHUOmATED Bone Sul'KKFUOSfHATS OF LOIB,AND

«<0RIKNT C05IPLKTE MANURE."And want a good working agent in every thrivingcottoo-growlng county. Apply (with referencelto

W, G. CKI£^SHA1V, Prea't,Ckbkshaw Warehouse,

Blcbmoad, Va.

No 1 1 <: Id Slip, New York.

^t((l feti^.

OOZJ> MSDAZi, PARIS, 1878.

Bit CtUbraiat Ifumbtrt,

S03-404- 1 70-35 1 -332,and his other Btytea mat/ be had o/all cUaleri

throught>ut the toorld,

Joflepli Gillott & SonSi New Tork.

Samples of onr leadlUK diytes, fortrial, Including the tamous "U'and "KALCOaV" Pens, by mall, onreceipt of 25 ct-nts. Ask your Sta-ti<*nerfor PKKRV'S PKNS.

'mAo. Agents for U.S. Skw Tork,

n IHE CHRONICLE. [Mabch 27, 1880.

Cotton.

Woodward & Stillman,BBAMEN"S BAOT BTILDIHQ. ^

Nos. T4 & '« ^*" «ree»,

KKW YORK

KENE! At COMMISSION MCfiCHANTS

..OAnS DIIDE ON ACCBPXABI.KSECURITY.

btlMra dTtnce* nuule on ConitgnmeBCa.

Bpeclkl attention p»lel to th« execution of ordert for

fcepurcli»»e orule of contracM for future dsIlTerj

•( cotton.

Henry Hentz & Co.,GEN KRAL

foninissioN merchants,8 Santb UrUUani St., New York.

Adrances made on ConalKnmentB to

attmaru. JAMES PINLAV 4c CO.,

iaVKRPOOL, LONDON AND GLASGOW.

jAlso execute order* for Merchandlae thronxb

Meaan. PINLAT, MVIR ^k CO.,

CALCUTTA AND BOMBAY.

•FOTURB CONTRACTS FOR COTTON bouffht

and aol4 on Commlasion In New York and Lirerpool.

pielding, Gwynn & Co.,

COTTON FACTORS

COMMISSION MBBCHANTS,

140 F««rl Btreet, N. T.

Dennis Perkins & Co.,CXXTTOIf BROKERS,

IIT Pe»rl street. New York.Ordera for Spot Cotton and Future* promptly exe'

Mted

WALTER & KROHN,COTTON BROKERS,

«3 BEAVER STREET, NEW YORK.

R. M. Waters & Co.,MERCHANTS AND BANKERS,

B4 BROAD STREET, NETT YORK,A UlMral Adrancea made on COTTON In Store

Tames F.Wenman& Co.,** COTTON BROKBBS,^o. 148 Pearl Street, near "Wall, N. \.

BsUbllitaed (In Tontine Bnlldlng) 1841.

Cotton.

INMAN,SWANN&CoCOTTON

COMMISSION MERCHANTS,Cotton Exchange Building,

101 Pearl Street, New Tork.

LOANS MADE ON

SOIJTDERK SECURITIES.

LnoKaii, i ^nxnAM It Co.,

Kew C.-I^?*n», La.Lkhjian, Durb a Co

,

Montgomery, Ala.

LEHMAN BRO'S,

Cotton FactorsAND

OOM7IISSION MERCHANTS,40 EZCHANGK PLACE.

New York.%r4en (xecnted at tbe Cotton Bictaange* In New

Tcrkaod uitorpol axd a4T***M made on Cotton

and otber produce con>lgne4 t« *, or to our corra-

pendent* In Llrerpool. Messrs. i). Newga** A Co.

and Meisri'L. Kosenbelm * Bon*.

Bennet & Foulke,

conmssioN iiierchants,

131 PEARIi STREET,NEW YORK.

Speolal attention glren to the execution of ordet

or the purduue or sale of Contract* for Future

tfellTerr..

WII.MOHB. CLKUEXSFlgCBSB, H. W.HAirBHAMiT,Son of J. T, Hanemann,

late of Knoop, Hanemann & Co.

Mohr, Hanemann& Co.,

COTTOIV BROKERS,133 PEARL STREET,

NEW TORE.Special attention glren to the exeeation of OR-DERS FOB FUTURE CONTRACTS.

Benby H. Waee. Gilua: Sceroedkb

Ware & Schroeder,

COTTGN COMMISSION MERCHANTS,

111 Pearl Street, New York.

Bpeolal attention paid to the execution of order*

lor the pnrohare or sale of contracts for future de-

trerj of cotton. Liberal adrance* made on con-

Anunents.

Waldron & Tainter,eSNERAL COTTON MERCHANTS,

97 PEARL STREET, NEW YORK.* Future " order* executed at N. Y. Cotton Ezch'ge*

John F. Wheless & Co.,COTTON

OOMMISSION MERCHANTS,NASHYILLK, TKNNBS8KB.

fflveelal attention glren to Splanen' order*. Oorre-noBdence *ollclted.RxrxKxaci*.—Tblrd and Fourth National Baolu

Mid Proprietor* of Tn CBBoiacLX,

H. W. &J.

H. Farley,COTTON FACTORS,

COMMISSION MERCHANTS,

FINANCIAli AGENTS133 Pearl Street,

r. O Box 3,909. New York.Adrance* made on Consignment*Bseclal personal attention to the purchaas and aalef

f' CONTRACTS FOR FUTURE DELIYERY OFlOTTON.

Almy & Co.,(Successor* to GRAY & (X).),

€OTTON BUYERS AMD BBOKEfiSjNo. 95 WATER STREET

BOSTON, MASS.,' Agencies for the purchase of Cotton at all Of theprincipal Southern Markets. ^^^Geo. Copeland & Co.,

COTTON BROKERS,138 PEARI. STREET. NEtT YORK.

H. Tileston & Co.,COTTON, STOCKS, BONDS, dec.,

85 WILLIAM STREET, NEW YORK.Orders In " Futures" executed at N.Y.O^tton Exoh.

Cotton.

E. S. Jemison & Co.,BANKERS

AHD

COTT»N COMMISSION MERCHANTSNo. 10 Old Slip, New York.

XOODT & JEMISON, Galreston, Texas.

B.F.BABCOCK&CO.COMMISSION MERCHANTS,

17 Water Street, LIVERPOOL,Receive consignments of Cntton and otber Produce,

and execute orUera at the Exchanees tn Liverpool.Represented In New York at the oUlce of

BABCOCK Bt.OTHKKS i CO .

SO Wall Stbxxt.

John H. Iselin & Co.,MEMBERS CHICAGO BOARD OF TRADE.

OPTIONS BOUGHT AND SOLD.NEW YORK OFFICE,

No. 35 BHOADW^AY.Orders left with Messrs. ISBLIN 4 BARKER

No. 14 Broad St., will receive immediate attention.

I -

Insurtincc.

iETNAInsurance Company

OF HARTFORD.Total Aarcts, Jsnau7 1. 18T« %6,»U,W 79

",000,

,817.

261,499 00— 18(6.683 8S

C»piUI $4000,000 00-fund. ... ^817,189 88Re-lnsnrance

Vopeid loeaea, etc

NET bUROLVS, Jao. 1, 1879.. ^3,046,468 94No. 3 Cortlandt St., New York.

JAS. A. ALEXANDER, AfmU

North British

& Mercantile Ins. Co.OF

LONDON AND EDINBVRKH.United States Board of Manaseatent)

NEW FORK :

SOLON HUMPHRKYS, Ch'r'n.CB. D.Morgan * OoDAVID D0W8, Esq. (David Dow* 4 CoOB. P. PABBRI, Esq. (Dreirt, Morgan & C!o.)

Hon. 8. B. CHITTENDEN.EZRA WHITE. Esq.J. J. ASTOR, Esq.

CHAS. E. WHITE, SAM. P. BLAGDEN,MANAGERS,

Ofllce 64 TTIlUam St., New York.

Wm. Felix Alexander,COTTON BROKER,

AVGVSTA, GEORGIA.Entire attention given to purcbaae of COTTON ev

ORDER for SPINNERS and EXPORTERS*^ COBRBSPONDENOX BOLIOITXD.

References :—National Bank of Augusta, Georgia

Henrr Hents A Co., Commission Merchant* NewYork; William B.Dana A Co., Proprietor* CommmouL ASH FiHASoiAL CHBonoLB, and ether N««York Honiea,

Liverpool d^

London & Globe

Insurance Company^

45 William SU.;. E. PUL8F0RD, Resident Manager.

HENRY W. EATON, Deputy Manager.

GEO. W. HOYT, AB8t. Deputy Manager.

Lyomfnercial

Union Ins. Uo,(OP LONDOIT),

ALFRED PELL,Resident Manager,

3r & 89 Wall Street