xmmHUNT'S MERCHANTS' MAGAZINE.

RBPRBSENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES

VOL, 35. NEW YORK, OCTOBER 28. 1882. NO. 905.

Financial.

AMERICANBank Nate Company,

14-J BROADWAY. NEW YORK.BusiNsss Founded 1795.

tncorporaUd under Laws of State of New York, 1868.Reohoanizkd 1879.

bnohatbua and pbintbk8 ofBOITDS. POSTAaE AND BEVEmjB STAMPS,LBOAL TSyDEB i: NATIONAL BANK NOTEStf Ou UNITED STATES and for tnany Ar«<an6oMrmn*nt>.

BNQRAVING AND PRINTINQOW BANK NOTES, STATE AND BAILBOADBONDS, SBABE CERTIFICATES, BILLS 01BXCBANQE, DBAFTti, CHECKS. STAMPS, 4c.

IN THB FINEST AND MOST ARTISTIC STTLE

FROM dlTEEL PLATES,WItb special safeKuards to prevent ComtUerftUini9r Alteratione. Special papers manufactured exclu-BlTel7 lor use of the Com^any.

Safety Tints. Safety Papers.

Work Executed In Fireproof Bulldincs.

RAILWAY PRINTINtJ A SPECIALTYRailway 'i'ickfls of Improred Styles,

With or wUhtnH Color; and Tickela of all KindtTKU8TKB8:

A. Q. OooiJall, President, Jos. W. Urexel,James MacdonouKh, VictvPrest., T. H. Porter,A. D. Sbepard, Vlcc-Presldeut, P. C. Lounsbury.Wm. Main Stuillie. Vice-Prest., Chris. Meyer,J. T. Robertson, Vice-President, A. V. Stout,G. H. Stayner, Treasurer, G. H, Uanlorth,

Theo. 11. Krcciand, decretary.

Baiique

Centrale Anversoise,ANTWERP.

Paid-Up Capital, -"^,000,000 Francs.

BOARD OF DIRECTORSVMLix. URi«4Ar., President.A LFBBi) M AQUINAY (Uraff * Maqulnay), Vloe-Pre«i.H. Vox I'KB Beckb (Von der Becke & Marallr).rro Gi .•TnBB(Cornellle-DaTid).

rtMI/.l! UK OOTTAL.Ao. Pbank (i'rank. Model i. Cle.)A no. NoiTEBOHM (Nottebohm Freres).Kk. Oranis (MictaielB Ix>o8).

J ia. ^•)^s. Fuhbma.vn, Jr. (Job. Dan. Fuhrmiuin.)Locris WCBKBiBd. Weber A Cle.)JITLES llAUTENSTBACCU (C. Schmld & Cle.)

KKNEEAL BANKING BUSINESS.As-A P. POTTBB, Prest. J, J. Bddy, ('a*hler.

M averick National Bank,BOHTOTH,

APITA L, »400,000^(jBPIjIJS, ...-.•• 400,000cooants oi Banks and Bankers solicited.

CoUeoUons made upon favorable terms.

QoTernment Bonds bought and told.

.\ug. T. Post, Banker,C.^ NASSAU STREKT,

aL'Y? AND SBIiI.8

Mate, Ci(2 and County Socuiitiea.

r01«KK'Pll^•l)K^•CK SOI.K'II'KO.

STOCK BROKER.Lansdale Boardman,

.. Y.. bO Broadway & 7> Now St., opp. 8tock Kxch'ge*TROY N. Y.. 14 A 15 Hrtn Building.

PHIVATK WIUK TO TROY.i*earttle)«,carrii'd on nrnmln.

Interest allovr^tl on credit balancei

Financial.

DIAMONDS.Alfred H. Smith & Co.,

182 Broadiray, Oor. Jolin Sf.,

IMPORTERS OP

Diamonds, Fine Rubies, Sapphires,

and otiier Precions Stones,

EXCLUSIVELY.

LONDON, 33 HOLBORN TIADVCT.

liBwis H. Tatlob, J a. T.INDI.Ey HAINES

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

140 BOUTH THIRD STREET,PHIIiADELPHIA.

DepoBttfl recetved subleot to check at sight, aadinterest allowed on daily balances.

Stocks, Bonds, &c., bouKht and sold on commissionin Philadelphia and other cities.

Particular attention ffWeu to ioformation regard-Ing Investment Bejrarltlles.

Cahoone & Wescott,No. 3 New Street &. No. 82 Broadway,

COVERNMEiWT BONDS,STOCKS AND INVESTMENT SECURITIES.

TIITIE I.OANS NEGOTIATfiS.Stephen Cahoone, Jb.. Wm. P. Wescott.

Member N. Y. Stock Kychange._^

C. H. Bachem,(Late LIMBBRT A CO.),

BANKEB AND BBOKEB,19 & 21 NASSAU ST., NEW YORK.

Stocks and bonds bought and sold at the New YorkStock BxcbanKe on commission. Accounts and col-lections attended to.

A.J.

Saportas & Co.,

S8 BXCHANOE P1.AOB.

ELECIRIC LIGHC AND MISCELLANEOUS

STOCKS BO0GHT AND SOLD.

johnPondik. Bddabd Mebtbns. Aug. Nathan

Pondir & Co.,

stocks, Bonds & Investment Securities,

20 EXCHANGE PLACE, NEW YORK.Orders executed on the London and European

markets.

ICountze Brothers,BANKERS,

130 Broadway (Kqnttable Bntldlnie),

N K W YORK.LETTKBS OF CREDIT AND

CIRCIJJLAR NOTBSInsued for the "we of travelers in

all parts of the worM.Bills drawn on the Union Bunk of LondOD'

T •i'»^aphio transfers made to London and tv

various places in the United .States.

Deposits received subject to check at ulubt. and in

terest i-.llowed on balance*.Govornment and other t>ona^< and Investmeni iie-

?urlt!e» bougbt Mnd sold on oommlsslon.

Financial.

Metropolitan Trust Co.,17 Nassau St., New ITork.

PAID UP CAPITAL, «1,000,000.Designated as a legal I.>epository by order ot Su-

preme Court. Receive deposits of money on interestiact as fiscal or transfer agent, or trustee for corpora-tions and accept and execute any legal trusts frompersons or corponittons on as favorable term* aji

other similar companies.THOMAS HILLU0U8B, President.FREDBKIC D. TAPPKN. Vlce-Preeld«li.WALTER J. BBITTIN. Secretary.

Pollock & Bixby,BANKEBS AND BBOKEBS,

86 NASSAU STREET. NEW YORK.Buy and sell on commission, or carry on marKin, all

securities dealt In at the New York Stock Hrchanga,Wm. Pollock, A. J. Bixbt.

Member N. Y. Stock Exchanjre.

J.W. Wilson & Co.,

ST.,XT & 29 BEAVEBNEW YORK.

Sell Bills of Exchange and Issue Letters of Crediton the prloipal cities of Mexico.

J.C. Walcott & Co.,BANKERS AND BROKERS,

No. 3 Pine Street, New^ ITork.Transact a General Banking Business; Btiy and

Sell on Commlssiun, for cash or on margin, all Securi-ties dealt in at the New York, Philadelphia, Bostonand ChicaKO Stock Exchanges.

Branch Office, 320 Broadiray.Jos. C. Walcott, i Members of the N. Y. StockFkank F. Dickinson, $ and Mining Stock Excb'ges.

J.M. Gillespie

ISrSCTRANCE SCRIP, &c..

No. 4 HANOVEU ST., NEW YOKK.Member of N. Y. Produce and Maritime Exchanges.

E. S. Bailey,7 PINE STBEET.

DEALINGS IS

INSURANCE STOCKSA SPECIAI.TV.

CH.sh petd at once for the above securities ; or thewill be sold on commission, at seller's option.

BRNKST OBOSaSICK, OBANT B. SCBLITMembers N. Y. Stock Exchange

Groesbeck & Schley,

BROKERS,No. 26 BROAD 8TREET, NEW YOKK

Okoroi Stabk. Jobs F. Stabk

George Stark & Co.,BANKEBS, *

No. 33 Nasaau Street, New York,I'dVNSACT A OKNKK.Vl. BANKING BUSINK

INI) BUY AND SKl.L INVESTMENTSICCIJKITIKS.

laTe consljintlv on liun'1 ::iid for saleWIU«T«IN CITV AND KAKM MORTGAGES

Bearing ^ to S per cent interest.WESTERN MU.MCIl'Al. ItONDf-'.

Ctrouiars with lul .•"wrticu'.ars mailed on n'-plicf> I 'i ti

THE CHRONICLE. [Vol XXXV.

Foreign Bankers.

Nederlandsch Indische

Handelsbank,AiaSTERDAin, HOliIiAIvn

Established in 1883.

Pald'-Vp Capital, 12,000,000 GuUdera($4,800,000 tjold.)

HBAD OFFICE IN AMSTERDAM.Affenoies hi Batavia, Soerabaya and Samiuranu

Correspondents In Padun«.

Issue oommerotal credits, make advances on shipmentB of staple merchandise, and transact othetbusiness of a financial character In connection withthe trade with the Dutch East Indies.

KLAKE BROTHERS & CO.,Agents foh Nouth Amemoa,

18 WALI^ STREET, NEW YORK.9H STATE STREET. BOSTON

The City Bank,iLIillTBD.J

I.ONDO:V, E1MGL,AN5»,Authorized Onpiral, ..... ,£4,000,000Subsclibrd Cnpitnl, ...... 3,>;00,00«Paid.Up Capital 800,000

Reaerre Fund. £330,000.HEAD OFFICE, THREADNEEDLE ST.

BRANCHKS:Bond Street. L'ndon. IToltenham Cou>t RoadLudyate Hi. I, London. ! London.Kni^htsbridKe, London. 1 Paddinjrton, Loiidon-Ilolborn, London,

| A Ideate, London.I Old Street, London.

The bank^hile conducting the ireneral businessof London Bankcrd, Kive» special ttttention to theaeency of Foreiun and Colcniiil Biinks.

A. G. KBNNEDY, Manager.

Hong Kong & ShanghaiBACKING COUPOKATION.

CAPITAL (paid-up) $5,000,000RESERVE FUND 2,350,000

HEAD OFFICE, UONO KONO.The Corporation grant Drafts, issue Letters of

Credit for use of Travelers, and negotiate or collectBills payable at Bombay, Calcutta, Singapore. SaitiODManila, Hong Kong, Foochow, Amoy, J^ingpoShanghai, Hankiiw, Yokohama. HiOKO, San F-.'ncia-co and London.A. M. TOWN8KND, Anent, 4T Willinui .xt.

Bank of Australasia,(INCORPORATED 1S35.>

No. 4 Threadneedte St., LouHon, Eimlanrf.PAlD-LP CAPITAL. £1.200,000.

DNDIViDED PROFITS (inciiiiling Guarantee andKescrvp Funds) £453,114,

Letters of Credit and Drafts issued on the 107branches of the Bank in the Colonie.s of Queensland,New South Wales, \'ictoria, r^outh Australia, Tasma-nia, and New Zealand, Bills negotiated or sent forCollection. Telegraphic transfers made. Deposlte-received in London at intt^rest for fixed periods onterms which may be uscertained at the omce.

PBIDEAUX SELBY, SecreUry.

Gerhard & Hey,R E T A L,.OFFICES AT

^ifiiipsic, BERI.IN, nosooir,NIJNI-NOVGOROB, during the Fair.

Commissioners & Forwarding Agents,

SHIP BROKERS.Undertake to cash Bills. Advances and Freight*

Amounts: execute all orders in the line of Banking?,Commission and Forwarding Business on the mostmoderate terms.Ship-ownsn are requested to address vessels bonnd

for ^. al onto the care of

OERHARD Sc HEY,KEVAL, RUSSIA.

Canadian Uankers.

Bank of Montreal.

CAPITAIi, - . - $12,000,000, Oold,SURPLUS, • • • 5,600,000, OoId..

C. F. 8MITHEE8, President.

W. J. BUCHANAN, General Uana«er.

irSW TOSS. OtFlCE,Nos. S9 & 61 ISrAi.1. STREET.

WALTEH WAT80.V. * »_.„,.

Bay and sell Sterling Exchange, Prsncs and Cal>l»

Transfers ; grant Commercial and Travelers Credits

available in any part of the world ; issue drafts on>

and make collections in Chicago and throogtaont

the Dominion ^t Canada.

London Ofllc«, 'io. 9 Blrebln Lav*.

foreign Exobunge.

Drexel, Morgan & Co.,WALL. STREET, •

CORNER OF BROAD, NEW YORK,

Drexel & Co.,

No. S< South Third Street

Drexel, Harjes& Co

81 Boulevard Haussmann

PHILADELPHIA. PARIS.

DOiiESTIO AND FOKEION BANKERS.Deposits received subject to Draft. Securities

bouglit and sold on Citnimission. Interest allowedon Deposits i-'orcign Kzchange. Commercial Cred-its. Cable Transfors, ' IrcpUn- Letters for Travel-ers, available in all p^rts of the worl<i.

ATTOUNBYS AND AGKNT8 OFineMrs J. S. inOKGA\ « CO.,

Wo. 22 OLD BBOAD STREET, IXJNDON.

Brown Brothers & Co.,'- No. S9 VTALL ST., N. V.,

Birr AND SBIili

BIEES OF EXCHAIVOEON GREAT BRITAIN AND IRELAND, FRANCE,GERMANY, BELGIUM. SWITZERLAND, NOB-WAY, DENMARK. SWEDEN AND HOLLAND.

issue Commercial «nd Trayelers' CreditsIN SIEHLINO,

ATAILABLE IN ANY PART OF THE WORLD.And in Francs, In Martinique and Guadalonpe.

SAKE TELEGRAPHIC I'RANSFERSOF MONKY

BETWEEN THIS AND OTBER COUNTBLBS.MAKE COLLECTION- OF DRAFTS drawn

abroad on h!I .oint.^ in the United States andCanada, and •.! I)ral:a dr:twn in the

United States on Foreign Countries,

J.& W.Seligman&Co.,

BANKERS,No. 33 BROAD STREET,

New York.

Issue Letters of Credit for Trayelers,

Payable in any part of Europe. Asia, Africa, Aus-tralia and America.Draw Bills of Exchange and make Telegraphic

Transfers of iloney on Europe and California.

John Munroe & Co.,No. 8 Wall Street, New York,

No. 4 Poat Office Square, Boaton.CHEQUES AND CABLE TRANSFERS ONniUNROE & CO., PARIS.

STERLING CHEQUES AND BILLS AT SIXTYDAYS' SIGHT ON

.ALEXANDERS & CO., LONDON.

CiBcnii.Aa NOTss Anv C^KDrra fob TRAvar,BV8.

J. & J. Stuart & Co.,38 NASSAU STREET.

BILLS OF ixCHANGE ONsmiTn, PAYNE & SraiTH'S,

BANKERS, LONDON ;

nANCHESTER & COUNTY BANK,"LIMITKB;"

MANCHESTER, PAYABLE IM LONDON

;

ULSTER BANKING COHIPANT,BELFAST, IRELAND

Aim on THXNATIONAL BANK OF SCOTLAND,

BDmBUBe, AND BRANCHES;AI«o.

CABLB TRANSFERS AND LETTERS OF CRBDIT

NEW YORK: LONDON: PARIS:

^^i'lLQ^Jw. W.RUSSniWlS.. T.B.DAT18.

William Heath & Co.,(B8TABU8BKD 1881.)

BANKERS AND BR0EBR8.

No. 80 BROADTTAY, NEW YORK.Members of New York Stock Exchange.

FOREIGN EXCHANGE. CABLE TRANSFERS.

William Heath & Co., ^

Ferel|;n Exehau|fe«

10 THros^morton Ave., liondon^ Enff.Draw BtUa of i3xch»D«re mid transact a ffenenU

flnanctal commtAslon bUHlness. Particular attentionfriven to American Securitlen.

William Heath & Co.,Ifo. 8 Place V«ndoin«y Parts*

Orders solicited for London and Amerlo&n marketsfor tnTestment or on marfrln. Tlallway. State and CityJiOvnB negotiated.

August Belmont &c Co.,BANKERS,

'Voa. 19 & 21 Nasaao Street,

Issue Travelers' Credits, available in all parts of the

world, through the

ME88K8. DE ROTHSCHILDand their correspondents.

-Vlso Gomnierclal Credits and Transfers of Moneyon California, Europe and Havana.

Jesup, Paton & Co.,

52 \riUtam Street, New Tork,

Accounts and Agency of Banks, Corporationfl,

firms and individuals received upon favorable terms.

Dividends and interest collected and remitted.Act as agents for corporations in paying coupons

and dividends ; also as transfer agents.

Bonds, stocks and securities bought and sold oncommission, at the Stock Kzcbange or elsewhere.

Sterling Kxchange and Cable Transfers boughtand sold.

BILLS ON THE UNION BANE OF LONDON.

S. G. & G. C. Ward,Aoxirrs roK

BARINO BROTBERS Ac COJUPANY,52 WALL STREET. NEW YORK.

28 STATE STREET, BOSTON.

Kidder, Peabody & Co.,BOSTON, MASS.,

Cor. Wall and Nassaa Sts., New York.

FOREIGN BANKERS.

CABLE TRANSFERS, BILLfi OF EXCHANGEAND

COMMEBOIAI. AND I'RAVELEBS' CBSDITS.

OORRESPONDSNTS :

BARING BROT1IER8 ifc CO., L,obUou.

PERIER FRERE8 Si CO., Paris.

0IENDEI.88OHN Sc CO., Beriin.

John 8. Kknnkdt. J. Kennttot Tod.

J. S. Kennedy & Co.,No. 63 WILLIAM STREET.

DOMESTIC AND FOREIGN BANKERS,DRA W BILLS ON LONDON.

BUY BII.I.S OF EXCHANGE.ACT AS AGENTS FOK BANKS. BANKERS AND

RAILROAD COMPANIES.Issue Commercial Credits and Foreign and Domestic

Travelers Letters of Credit in PoundsSterling and Dollars.

BUT AND SELL INVESTMENT SECURITIESCollect Dividends. Coupons and Foreign and Inland

Drafts.

LONDON CORRESPONDENTS:Messrs. Mblttllk, Etans A Co.: Messrs. C. J.

Hambko & Sov

Schulz & Ruckgaber,BANKERS.

16 EXCHANGE PLACE, NEW^ YORKC0RRKSPONDKNT8 OF THK

International Bank of London(Limited) London.

Messrs. John Berenberg, Gossler dc Co.Hamburg.

Commercial and Travelers' Credits. Bills of ExchangeCable Transfers.

J. H. -SOADBT & B. K. WALKER,JOINT AGENTS

Cunadtan Bank of Commerce,16 EXCHANGE PLACE.

BUV AND SELL STERLING EXCHANGE.CABLETKANSFKRg, ETC.

ISSUE COMMERCIAL CREDITS. AFAILABLBIN ALL PARTS OF THE WORLD.

Ct IW— I II

l-'orettfii BankerA.

Adolph Boissevain & Co.BANKERS

AN1>

coniinissiON hibrohants,AMSTERDAM, HOLLAND.

N. T. (Correspondents—Messrs. Blase Bbos. A Ob,

October 28, 1882.] THE CHRONICLR iii

Canadian Baul^crs.

Merchants Bank

Capital, • • $5,700,000 Paid Up.President, Rin HUGH AIJ.AN.

Vlce-i'rfsldcnt, KOBKltr ANDERSON, E>q

HEAD OFPICE, MONTREAL.fJKOKliK lIAOUa. Oeneral ManiiKor.

J. II. FLUMMEB, Superintendent of Branches.

BANKERS:LONDON, UNO.—Tlie Clydesdale Bank (Limited.)NEW YORK-The Bank of New York, N. B. A.

The New York Aiteroy hnye and sells Sterllns: Kx-obanKe, Cnble TianHters, Issues (.'redlts available in

all parts of the world, makes collections In Canadaand elsewht're, and tssufs Drafts payable at any oftheolticcs of the bank In Canada. DiMnand Draftsteftued payablt! In Scotland and Ireland, and everydescription of foreign b:>nk>ni< business undertaken.

Mew York Asencr, 4H Excbauce Ptnce.HKNUY UAOUK,

} AientsJOHN B. HAKKIS, JR., t•*»*'''"•

ChlcaKO Braucb, 13M Wnahintrlau !«trect.J. 8. MICUISDITU, Manaxer.

Imperial Bank of CanadaCAPITAL (paid-up),

RESERVE, . . .

H. 8. HOWLAND, Pres't.

. . . $1,300,000. . . 460,000

D. R. WILKIK, Oahier.

HEAD OFFICE, TORONTO.BliA^ifCHES:

Bt. Catharine.**, Port Colborne, St. Thomas, InKersoIl.Wellund, FerKUB, Woodstock, WlnnlpeK. Man.,

Brandon.

Dealers In American Chirrency & SterlinK ExchanKe.

Affents In London : I Accents in New York:BOSANllUET, SALT & CO., Bank ok MONTHKAl.,

73 Lombard Street. I6» Wall Street.

Promptest attention paid to collections payable Inany part of (Canada.Approved Canadian business paper discounted at

the Head uthce on reasonable terms, and proceedsremitted by draft on New York,

AGENCT OF THE

BankOP

British North America,No. 53 WALL STREET.

Buy and sell Sterling Exchange and Cable Trana-

(era. Issue demand drafts on Scotland and Ireland,

also on Canada, British Columbia, Portland, OreKon,

San Francisco and Chicago.

Bills collected and other banking business trans-aoted

.

D. A . Mo I'A VISIJ , i .„„„,,W. LAW80N, J

Afcenis.

Gzowski & Buchan,Babksbs ahd Stock Bboeebs,

Neir England Bankeri.

TORONTO, CANADA.Prompt attention given to Collection of Commer-

cial Bills and Canadian Funds on all points in Cana-da; American and Sterling Ifixchange, and Stocks,Bonds, etc., bought and solo.Correspondents—Bank of New Verk, Xev York

and Alliance Uank. Loiid'^c

Caliturnia Banks.

THE

Anglo-Californian Bank(LIMITED).

LONDON, Head OIUcc, 3 Auijel Conn..

SAN FRANCi*<^0 Office, 42:! C'aiiromta SlNEW VOUK Ai^cnis, J. & W. Selnnniin & Co.

BOSTO.X (Jonesiiond'ts, Maasaobusetts N. B'k.

Anthorlzed Capital, - - (6,000,000.Paid up and Iteserve, - 1,700,000.

Transact a general banking businesa. Issue Com-mercial credits and Bills of Exchange, available in

all parta of the world. Collections and orders for

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

able terms. FRBD'K F. LOW, lManiii?er«IGNATZ STBINAABT, 1"*"*•'*"

P. N. LILIENTHAL, Cashier.

The Nevada BankOF

SAN FRANCISCO,NEW YORK AGENCY, 62 WALL ST.

BURPLU8, INVESTED FN U. 8. BONDfi,$4,000,000 GOLD.

E. C. PLATT, Ageut.ISSUES Commercial and Travelers' Credits, avall-

mble In any part of the world. Draws Exchange,Foreign and inland, and makes Transfers of Moneyby Telegraph and Cable.

R.T.Wilson & Co.,BAKKERS AND OOMlV'isaiON MERCHANTS

3 ExclinxKe Conn, New YorlK.

Perkins, Dupee & Co.,

(Fonnerly CHA8. A. Swavr ft Co.),

BANKERS AND BROKERS,No. 40 STATE STREET,

BOSTON, MASS.Dealen in Municipal, State and Railroad Bon(li;_

Brewster, Basset & Co.,

BANKERS,No. 3S CONGRESS STREET,

BO»>TOi\.

HtCMBKRB OF THE NEW YORK AND BOSTONSTOCK EXCIIANaSS.

ALSO.

Dealen In municipal, State, Railroad andUnited Hiaies Bonds.

Bank of Deposit,84 DeTOBshirci&SO Water Hts., cor, opp, P.O.

R O S T O N.Interest on aeponts rtibieet to check.Bonds and other investments boui/ht and told.Correspondence invited.Orders exeented at Boston and New Tork StockExchanges, of which we are members.

.F. A. Hawley & Co.,

BANKERS.

Baltimore Banken.

Parker & Stackpole,BANKERS,

No. 60 DEVONSHIRE STREET,

BOSTON.Joshua wii.bouu, Charles u. Sheldon, jel,BiNjAMiN A.Jackson, William binnky, Jk.

Wilbour, Jackson 6c Co.,BANKERS AND BROKERS

5^ WEYBOSS£T STREET.PROyiDBKCE, R. 1.

Dealers In Commercial Paper, Governmott anuother tiraUclase BuDda and Securities und KcnipnExohanKe.Private Telegraph Wire to New York and Boston.

C. E. Jackson & Co,,3TIIDBI.BTOWN, CONN.,

Bu7 and sell Government. State, Municipal and

Railroad Bonds and Stocks. InveatmentJi for Savlogs BankB a speclaltj. Correspondence solicited.

Penn§ylvaiiia Banker§.

Geo. B. Hill & Co.,BROKERS,

PITTSBUBO, PA.,Buy and sell all daaaea of Western Pennajrlvanla

Securities. Correspondence solicited.

Oko. C. Thomas. Jos. M. SHOiCMAKKH.

Thomas & Shoemaker,BANKERS AND STOCK BROKERS,

134 South Third St., PHILADELPHIA.Dealers In all Issues of United States Bonds.

Investment Secartties a specialty. CorrespondenceInvited and full information upon financial subjects

furnished.

E. W. Clark & Co.,BANKERS,

No. 3S Soath Third Street, Philadelphia.

DSALBRS IN CAB TKUSTS AND OTHBB IM-VBSTMKNT 8BCURIT1KS.

8toolta and Bonda bomght and sold on Commlaalon

A. P. Turner & Co.,BANKERS,

No. 90y Walnnt Plnce, PHILADELPHIA.Government, State, Municipal and RaUwav Bonds

and Stocks boufiht and sold at all the KccnanKes.Investments prudently made in sound railway se-curlties. Collections promptly attended to.Correspondents carefully represented at Auctions

and Private Sales. Bond i of »{ood but not well-known raUroads always wanted for investments atthe best rates. Orders on margins not entertained.

John A.Hambleton& CoBANKERS AND BKOKGU8,

No. fi SODTH STREET,BALTinOKE.

Connected fcii Siircitit Win wUli ytw Tork and i>MIa>ilelphta CorrMpoutientt.

Traniaet a Oonoral Banking Business.

Buy and Sell on Commission In this and other cltlM

all deaoTlptlona of Btooka, Bonda and Hecurtlle*.

Special Attention griren to Investments

Loans negotiated and adrances made on upproredcollaterals.

Deposits received subject to check at siffht.

Collections on all poinu In U. 8. and Canada.

Robert Garrett & Sons,BANKERS,

No. 7 SOUTH STREET,BALTinOBE,

TRANSACT A OBNERAIj DOMBSTIC ANDFOBBIGN BANKING BD8INBS8.

J. W. MiniiKKDOBr, W. B. Oi.rvBR. c. A. albcbzi.Members Baltimore Stock KxchanK..

MiddendorfjOliver & CoBANKERS AND BROKEKS,

8. W. Corner Uerman Jt »<oiiih Ht».,

P. O. Box 227. BALTIMORE, MD.Special attention riven to the negotiation of For

elKn Bills of Gxchange, Collateral Loans and Com-mercial I'uper.INDICATORS AND TBUiPHONB IN 0FF1C&

Wilson, Colston & Co.,BANKERS AND BROKERS.

BALTIMORE.INVESTMENT and VIRGINIA 6ECDRITIK8 •

specialty.Correspondence soUcltel and Information fur.

nlshed. _ _ . ^N. T. COBBXSPOKDKNTS—MeKlm Brethera & Co.

Soiitliorn Baiikcm.

THOS. P. BCILLEB. R. D. WILLIAMS, JHO. W.OHAS. B. MIIXEK.

Thos. P. Miller & Co.,BANKERS,

IHOBII.E, AI.ABABIA.Special attention paid to collections, with prompt

remittances at current rates of exchange on day orpayment. - „ . , .,CorresDondents.—National Bank of State of New

Vork. New York; Louisiana National Bank, NewOrleans i Bank of Liverpool, Liverpool.

E. E. Bimnuss, Pres't. A. K. WALKIR, Oaahler.

First National Bank,^riLiniNGTON, N. C.

Concisions made on all parts of the United StotM.

WM.C.CoiTKTNsy.Prea. Ernest H.PRisaLB,0«*h

BAKK OF CHARLESTON,National Bakrino Association,

CHAaL.E8TON, 8. C.9PKC1AL ATTENTION GIVEN TO COLLECTION*

R. U. 9IAURV Ac. CO.,STOCK BROKKRS",

KICIIillOND, VIRGINIA,Buy and sell Govarnment, State, Municipal aad

Railroad Bonds und Stocks. Ac. Vlrxtnla StateTax-Recelvable Cou)>on8 bought and sold. All order,promptly attended to.

New York Correspondent, VEBMILTE k. CO.

^MERCHANTS' NATIONAL BANK,RICHinOND, VIRGINIA.

Collections made on all Southern points on heatterms : prompt returns.

JOHN P. BRANCH, President.John F. QLKNN,Cash. Frid. R. Scott, Vlce-Prea't.

TIIOnfAS BRANCH & CO.,BANKERS AND COMMISSION MERCHANTS,

RICH7IOND, VIRGINIA.Virginia Bonds funded under the Funding Act

passed by the last Legislature, for Hi per cent commis-sion. New NorthCarollna 6 percent bonds, securedby lien on the State's stock In the North CarolinaRailroad, for sale. ^^^^

'Western Bankers.

C. F. PBNZII., } STATE BANK, ! C. T. WALKOIPresident. ( Incorporrted 1875, ) Cashier.

German Bank,LITTLE ROCK, ARK.

CAPITAt (Paid-in) ...... 973,000SURPLUS - a5,000Prompt attention given to all bnslnesa In our line

N. Y.C0RR«3P0XD»NT8—Donneilt Lawsoa 4 Co'and the UetropoUtau National Uaiik.Hi

THE CHRONICLE. [Vol. XXXV.

Financial.

The New England

Mortgage Security Co.(Hter for «•!• AT PAB and iKioraed InteiBet trom

fi per eent 20-7ear Bonds, $1,000 eaeh,

BBOUBKD BY FIRST MpRTOAQBS ONIMFROVKU KAHM8.

Onankntoed, l*rl»clp&l and Intereet, by Kb

OAFITAL. STOCK OF $1,000,000.Intereet Oouponi pnyabla inn- 1 aj* J^'jj- ..

•ad* logtotered to order or payable to bearer atoption.

A pwBphlet with ftiJl Infonnation wlU be ••nt onfflfmtlnn to tlie oompany'a offloe.

43 miiK snrEBT, boston.

HBfltT 8AI.TON8TAIJ, AUSTIN OORBIN,

L D. VAHHSWOBTH, GlUIAN 8. MODI/TON,CHAKUB 1.. Kl.IST.VICB-PKBSIDKNT8.

^^^^^^ATKINB, JOHN WBB8TKK,AMOB T. PBOTHLNGHAM. _^ ^^ ^CUARLS8 I>. FLINT, Preeident.

J. P. F. BRKWSTKK, Treamirer.

Car Trust Bonds.WB MAKB A 8PBC1ALTY OF THESE VER1

BAFB SBCURITIEB, AND BUY AND 8KLI, SAMEAT MARKET PRICE.WE OFFER A LIMITED AMOUNT OV DESIR-

ABLE CAR TRUST ISSUES, ADDITIONALLYSECURED BY THE DIKKCT OBLIGATION OKTHB RAILROAD EQUIPMENT CO.nPANY.

POST, MARTIN & CO.,

34 PISE STKEET.

Hatch & Foote,BANKEltS, No. lU tVAt-t. STREKT,

BUT ATfiJ Q3LI.

OOVBRNMKST BONDS, STOCKS AND MISCEl.

LANKOU8 SBCURIT1B8

rpHE ST. PAUIi miIVNEAPOI.IS &-"-MANITOBA RAILWAY COMPANY, No. 63

William Street, New York, 16th October. 1882.

A Qoarterly Dividend of TWO PER CENT hnethis day been declared on the capital stock ol this

company, payable at this office on and after WED-NB8DAY, Ist November, 1883, to stockholders ofreoord on that date.The ti ansfer books will be closed at 3 o'clock P. M.

on Saturday. 21st October, and will be reopened onSaturday, 4th November, at 10 o'clock A. M.

JOUN 8. KENNEDY.Vice-President.

rrSB ST. PAUL niNNKAPOI^IS dt

*-MANITOBA RAILWAY COMPANY,No. 63 William Street, Nev7 York,

28th October, 1882.

The Sem'-Annual Interest duo 1st November, 1383,on tho Dakota Extension MurtgaK') Bonds of this

Company, will be paid on and after that date on pre-MDtatlon of the proper coupons at this offlce.

JOHN 8. KENNEDY,Vioe-Prearident.

TBB liAKE SHORE & mCHIOANSOUTHERN RAILWAY tX).,

TaEABCril£K'S OFFICE, GRAND CliNTRAL DEPOT, )

NEW YORK, Sept. 27, 1882. (

The Board of Directors of this Company have tliis

day declared a QUARTERLY DIVIDEND of TWOPER CENT upon itjs capiUii stock, payable on Wed-needay, tlte first day of November next, at this oftice.

The transfer books will Ije closed at 3 o'clock P. M.OB MONDAY, the Second d.iy of October next, andwill be reopened on the mtfrninK of Monday, tlie aiicth

day of November next.B. U. W0RCB8TER, Treasurer.

THE AIHERICAN EXCHANOE NA-TIONAL BANK, New York, October 25, 1882.—

Ata meeting of the Board of Directors uf the Amer-ican Exchange National Bank, held at their BankingHouse, 'I'uosday, October 24th, 1882. a dividend ofthree and one half (3>^) per cent on the capital stockwas declared out of the net earnings of the past sixmonths, payable on and after the 1st November,proximo.Transfer books to remain closed from date till 10th

Novembei', prox.(Signed) DUMONT CLARKE, Cashier.

Financial.

OFFICE OF PUtliinAN'S PAI.ACECAR COMPANY, CHICAGO, Oct. 18, 1882.

DIVIDEND No. 02.Thousnal QUARTKRLY DIVIDEND of TWO (2)

PER CENT on the capital stock of this company hasbeen declared, payable November 15 to stockholdersof reoord at the close of business November 1, 188S.Transfer books will close Nov. 1 and reopen Nov. 18.

A. S. WEINSHEIMER,Secretary.

OREOON RAII.WAY & NAVIGA-TION COMPANY, New York. October 25,1882.

The Interest coupons of tho Corapany's scrip, seriesA, B and C, duo November 1, 1882, will be paid at tbeOffice of the Farmers' Loan & Trust Company onand after that day. T, U. TYNDALE,

Assistant Secretary.

BRANCH OFFICE OF TEXAS CEN-TRAL RAILWAY ('.!)., HOUSTON. TEXAS, Oct.

«1, 1883.—Coupons of First Mortgaifo ISoniis of tliiscompany due iNov. 1, 1882, will be paid by JOHN J.CISCO * SON, No. 5« Wall St., New York.

B. W. CAVE, Treaanrcr.

The BuffaloNew York &Philadelphia Ry. Co.

The Buffalo Pittsburg &Western RR. Co.

The Oil City & Chicago

RR. Co.

Financial.

piilCACiO A ATI.ANT1C FIKST MORT-* .'GAtiK IttiND.s.—CouiJous maturing Nov. 1 will bepffld on and after l liat date by the undersigned.

KOHW, LOKB (i CO, Mo. »1 Niuaau St.

These systems of roads have at the present time,in addition to a large passenger and freight business,

ft very considerable coal tonnage, nearly all of it,

however, originating on oonnecting roads and butlittle on tlic lines of any of the above roads save onthat of the Oil City & Ohieago Railroad.

It is therefore deemed wise and prudent, if notabsolutely essential, by the Board of Directors of all

the companies, that means should be token to secureto the various roads a coal tonnage originating ontheir own lines and which can never be divertedtherefrom.This it is proposed to do by

:

'

FiBST.—'The Buffalo Pittsbnrg A Western RailroadCompany acquiring the right to use that portion of

the Franklin Branch of the Lake Shore & MichiganSouthern Rjulroad from Stonoboro to Oil City, there-

by giving a continuous line from the mines on theOil CityA Chiciigo Railroad to Buffalo and Rochester.These mines are now i)roducing over 200,000 tons ofcoal per annum, and the produ jtton can be increasedto at least 600.000 tons per annum. , ,„ ^Sbcond.—Knabling the Buflalo Piltaburg A West-

em Railroad Company to purchase rolling stock andto build new sidings, depots. &c.Third,—Furnishing the meiins to construct the New

Castle Plain Grove k Butler Railroad from EastBrook, on tlic Oil City A Chicago Railroad, to Ccntre-vUle, Butler County. , „.Fourth.—Building a road of 21 miles between

Olean and Salamanca, connecting tbe two systems.FliTH.—Providing the requit^ite terminal facilities

In Rochester, and completing the connections of theBuffalo New York & Philadelphia Railway with otherroads. &c.The BUFFALO PITTSBURG & WESTERN RR.

SYSTEM embraces 261 miles of railroad, all of whichwill be finished by November 15, there having beenin operation during the period covered by the follow-ing statement of earnings, 164 miles

:

Gross earnings since the closeof the last tiscal year, beingthe nine months ending Sep-tember 30, 1882 «557,847 3I

Expcmses 2TJ,831 99^•et earnings »!S&4,015 33The Oil City &. Chicago R-illroad, after the merger

of the Newca..itlo Plain Grove k Butler Railroad, will,

when completed, consist of 61 milej of road, withtwelve miles of branches to coal mines. It has no >v

36 miles in operation, the earnings of which for thenine months ending Sept. 30, 1882, are as follows :

Gro.ss earnings ... . »01,222 74Expenses {less old scrap sold). 38,419 50

Net earnings $62.803 24

Total net earnings $338,818 56The BUFFALO NEW YORK A I'HILADELPHIA

RAIIjWAY system embnices 325 miles of railroad.Of this 315 miles of main track are now in operation,and the balance will he open for traffic on Nov. ).

Its earnings on 187 miles out of the total of 325miles .since the close of the last fiscal year, being thotwelve months ending Sept. 30, 1882, are as follows :

Gross earnings $1,677,390 80Expenses 800,895 S4

Neteamlngs $867,496 6S

FOR THE ABOVE PURPOSES IT IS PROPOSEDTO SELL THE FOLLOWING STOCKS A BONDS:THE BUFFALO PITTSBURG A WESTERN

ALLOTMB.VT:9,800 shares common stock, par $50; 6,400 shares

preferred stock, par $50, of the Buffalo Pittsburg Awestern Railroad Company, to be issued after theproposed merger of the Oil City & Chicago Railroadinto it.

$1,800,000 first mortgage 6 per cent gold bonds ofthe Oil City & Chicago Railroad Company, (due 1922;to be guaranteed by the Buffalo Pittsburg & WesternItailroad Company ; coupons payable Jan. and July.)

TERMS OF SALE

:

For each $1,000 in cash subscribed, purchasers shallbe entitled to receive $300 of the common stock and$300 of the preferred stock of the Buffalo Pittsburg& Western Railroad Company, and one bond of $1,000of the Oil City & Chicago Kidlroad Company.THE BUFFALO NEW YORK & PHILADELPHIA

ALLOTMENT.3,800 shares common stock, pur IKX); 2,400 shares

preferred stock, par *100, of the Olean & Salii-

manca. Railroad Company.$1,300,000 first moi-tgage trust 8 per cent gold bonds,

due 1933, of the Buffalo New York A PhiladelphiaRailway Company.

To bo scoured by $500,000 of the first mortgagebonds of the Rochester Terminal Company and$700,000 of the first mortgage bonds of theOlean A Salamanca Rjiilroad- Company, to bedeposited in trust with the United States TrustCompany of New York. It is proposed that theTerminal Company and tlie railroiul comfianyshall be leased by the BuflUlo New York & Phil-adelphia Railway Company at a rental guaran.teed to be equal to the Interest on the bondsand 1 per cent per annum as a sinking fund.

TERMS OF SALE:For each $1,000 in cash subscribed, purchasers shall

be entitled to receive $."1(X) of the common stock and$200 of the preferred stock of the Olean & SaliimancaRailroad Ctimpany, and one bond of $1,(XH) of theIJuiTalo New York & Philadelphia Railway Company'sfirst mortgage trust bonds.Stockholders of the respective companies are noti-

fied that the companies having arranged with a syn-dicjite of bankers to take all the bonds end stockwhich may not be taken by such stockholders, thesale of the securities is assured.Stockholders of either company of record October

30, 1882, will have the right to purchase $1,000 of thosecurities herein offered for eacli $4,000 of stock heldby them at that date. All rights to purchase willceH/^e on Wednesday, Novemljer 8, 1883, at 3 o'clockP. M. No subscription for less than $1,000 will bereceived, but the option of any stockholders to pnr-chaae Is assignable.Payment on subscriptions mniit be made as foUairs:

Twenty per cent on allotment—Sixteen per cent December 8, 188B.Sixteen per cent January 8,1883.Sixteen per cent February 8,1888.Sixteen per cent March 8,1883.Sixteen per cent April 9,1883.Sabflonbers will have the right to anticipate their

payment« in full, and Interest at the rate of 6 percent per annum will be allowed on such payments.Faliore to pay any instalments as called will render

the subflolptlon and all Instalments paid thereonUable to forfeiture at the discretion of tho Board ofDirectors.The right Is reserved to the financial agents to take

the bonds from subscribers at par and Interest, at anytime prior to the payment of the last instalment.Blank forms of application to be had at the folloi^.

ing plaoes:BUFFALO PITTSBURG A WESTERN BAIV

ROAD COMPANY'S OFFICES:242 South Third Street, Philadelphia.34 line Street, New York.43 Exchange Street, Buffalo, N. Y.

BUFFALO NEW YORK A PHILADELPHIARAILWAY COMPANY'S GENERAL OFFICB:

43 Exchange St., Buffalo, N. Y.Bonking houses of—

J. A W. SELIGMAN A CO.,Broad Street, New York.

POST. MARTIN & CO.,84 Pine Street, New York.

B. W. CLARK & CO.,35 South Third Street, Philadelphia.

SELIGMAN BROTHERS,I^ondon, England.

SKLKJMAN FitKRES A CIK.,Paris, France. _

SELIGMAN & STETTHEIMBB,Frankfort, (iermany.

ALSBBRG, GOLDBERG A CO..Amsterdam. Holland.

ALTMAN A S'l'ETTHBIMBR,Berlin, Germany.

Payments must be made at the coinpany's offioea

as above, or at the banking house of J. & W. Sell«-man A (3o., New York.By order of the Board of Managers.

B. C. RlI.MhEY.President Buffalo New York A PhUiidelphhi Ry. Co.

J. W. JONES,President Buffalo Pittsburg & Western Rollway Oo.•October 21, 1882.

Mortgages on FarmsAND

Kansas City Real Estate,

NETTING SEVEN PER CENT

Semi-Annnal Interest to Inyestors.

We negotiate Loans on improved and productivefarms in the best portions of Kansas and Missonn.worth from three to five times the amount loaned.Acknowledged to Iw the most SAFE and PROD IT-

ABLE form of investing niuney known.In an experience of many years and loaning over a

million dollars, not •>ne dollar lost. „,.,_ _„- _We assume tho responsibility of MAKING ONLY

SAFE LOANS; of collecting the interest and prin-

cipal iuid remitting to investors, FREE OF CHARGE,and In aise of any trouble or delay In makliig suchcollections, AGREEING TO STAND ALL EX-PB.VSE and SHIELD INVESTORS FROM LOSS.TITLRS OUARA NTBEO. ALL FUNDS PROMPT-LY PLACED. Write for drcularand full particulars,

stating amount you would wish to invest on satlslae-

tory evidence as to securities, titles, Ac. Address,

H. P. MOROAW,GENERAL AQENT FOR NSW ENQLAND,

IXrESTElII'V, R. I.,

ORJARVIS, COXKWN & CO.,

I>OAN BROKERS,

KANSAS CITY, MISSOURI.

TennesseeNEW COMPROMISE BOIVDS.

I am prepared to exchange them for bonds author-

ized to be ftinded under Act May 20, 1883, and to buy

or sell fractional scrip on favorable terms.

JOHN B. BANNING,No. 6 Wall Street.

J.C. Chew,

No. 7 WALL STREET, NEW YORK.TEXAS RAILWAYS,

KONDS, LANDS, Set.

Desirable Teiis Securities for Investment con-stantly on hand

Sveneer Traak.

Geo. F. Peahody. Fred. B. Noyee.

Spencer Trask & Co.,

BANKERS AND BROKERS,

70 Broadway, New York City.

Transact a general Banking Business

Stocks Bought and Sold on Margins.

Interest allowed on Deposits.

BUASCH OFFICE8,

Connected by Private Wirei,]

Philadelphia, 132 S. Third St., C. F. Fos,

Albany,N.Y.,65 & 07 State 8t.,W.A.GKAVE3

Saratoga, N, Y„ Grand Ualon Uote!

OoTOBBR 38, 1882 J

AMERICANFINANCE COMP'Y,

3 & r NASSAU ST., NKW YORK,31 S. THIKD HT., PHIL,ADK].rHIA,

P0IIT1.ANU BLOCK, CIIICAUO.

CTapital Slock, "T". . 91,000,000

BOUND INVKSTMKNT BBCURITIKS furnltbed

to Corporate and Private InT«tor».

CAPITAJ^ KUBNIfillBl) OR PROCURBD for

RaUroKd ConipaniftB harinK Unea under conatruo-

tton, »ad their Bonds purshaaefl or nefiotlated.

FINANCIAL NEUOTIATIONS conducted for

CountlcB. Towns and Cities, and for Haiiroad Com-panies and other Cor[>orationB.

WILL CONDUCT TUB FINANCIAL RB-OR-GANIZATION of }laiiroad (Jompan'ei and other

Corporations wtiose property is in the hands of

Be6«i+er8 or Trustee*.

WILL BUY AND SELL INVHSTMENT 8KC0R-ITlBd on Comnjtsttion.

WILL BUY OR SELL DKFAULTBD BONDS or

«onTert them into loterest-parlnir inrestuenta.

Circulars find other information furnished on ap-

plication.

JOHN C. SHORT, President.XOHN C. NBW. Vlce<Pre«ldeiit.

Win. P. WATSON, Sec'y and Tress.

JBonds of* Suretyship.FIDELITV & CASUALTY CO.

OF N£W TORE.Asasta $400,000 00Capital invested In U. 8. Bonds 260,000 00-On deposit with liisiiriince Department.. 100,000 00

Officials of BiiniiH. Hiiroiidsand TransportationCompanies, ManoKers. Seeretarles and Cierks ofPublie Companies, Instituitons and Commercialfirms, can obtain security from this Company atmoderate charges.

',. he brails of this Companr are accepted tor thecourts of the State of New York.Full Information aa to details, rates, Ac, can be

obtained on application to head office, 179 Broad-way, N. Y.Wm. M. RicHAKiis, Prest. John M. Crank, Sec'y.

H. Black and W. Uakvky Lse, inspectors,DlHKcrouc—UeoFKe T. llupe,U. U. Williams, tieo.

£! . Cwe, Charles Dennis, J. S. T. Stranahan, A. B.Hull, A. 8. Barnes. S. ». ( hiUenden, U. A. Uurlbat.W. U. Low. David Dows, J. U. Vermilye, Alex.Mitchell, Wm. M. Richards.

Sonds of STiretysliipFOR OFFICERS AND EMPLOYEES IN

POSITIONS OF TRUST.

The Guarantee Co,OF NORTH AMERICA.

•Cash Capital $800,000Cash Assets over 375,000Deposit with Insurance l>epartment 200.000

President

:

ManaKinK Director

:

SIK. Alex. T. Galt. Bi>waiii> Rawukqs.NEW YORK OFFICE:

No. 178 BKOADWAT.Nicw YORK DIUECTOK3.—Joseph W. Drexel, A. L.

Hopkins, 11. Victor .Newcomb, John Paton, Itanlel"Torrance. Kdw. F. Wlnslow, Krastus Wiman.

Transacts no other business.;

The Brooklyn Trust Co.Cor. of MonULKue At'liutonats., Brooklyn, N. T.

Thia Company is authorized by apecial charter to«ct as receiver, traslee, xuardian executor, or ad-mintstrator.

it can act as uKent In the sale or management ofreal estate, collect interest or dividendu, receiveeKtHtry and tranttl'er books, i>r make purchase and

sale uf Government and oiiier securities.Heiigious and charitable iustitutions, and persoDa

4iaaccustumeU to the trun^actlun of buHlness. willfind this Company a sale and convenient depositoryor money. CllAS. K. MAKVIN. Vlce-Pres't.

TlllJSTKKS;Wm. B. Kendall, Henry Sunner, Alex. McCue,Jdhn P. Kolfe, Chas. R.Marvin. A. A. how,B. F. Knuwlton, Abm. B. Baylis, Henry K.Hheldoo,H. B.Pierrep<int, UanlChauncey. John T.Martin,Alex. M. White losiah O. buw, Edmund W.CorlleB

Krederic Cromwell.RIPLEV HOPES. President,

vViVt. H. BliNKKU, aecretary.Hknry N. Bhush, Comptroller.

Schuyler N.Warren& Co61 ExcUanse Place.

UrYESTSIElKT SECURITIES.fty. Railroad, Qaa, Electric Lixht and Miscellaneous

Stocks and Bonds.

FOBIIYCE D. BauKKK, UENUY C, TINKIB.Membei N. Y. Stock Uzch.

Barker & Tinker,STOCK HHOKERS.

S EXCHANGE COtJKT, NEW YORK.Buy and sell on commission, for Investment or on

mandn, ail sacnrltlea dealt la at tbe New York StockjTchangel!

THE CHRONICLE.

Finanoiai.

Colbron, Day & Field,

BANKERS AND BTtOKERS,

No. 17 New 8trcet, 130 La Hafl* Street,

NKW YORK. CHICAGO.

Btocka and bonala boucht Mid aold for caata or?n marKln.

Interest allowed on depoaitt, anbjeot to ebcok at

iKht.

Bankers' Safe Deposit CoUNITED BANK BUILDINQ,

Cor. Wall Street and Broadiray.

s aIFe sOF MOST APPROVED CONSTRUCTION FOBBankers, Brokers, Merchants, &c.

DEPOSIT YOUR SECURITIESIN THE

State Safe Deposit Vault,Cor. 'William St. Sc Excbanse Place,

Under the National Bank of the State of New York.

BUSGLAR ANB FIRE PROOF.

Albert E. Hachfield,17 NASSAU STREET.

Bond§and Investment Securitiesw^ A N T E B:

Indianapolis k St. IjOuIs Ists.

Jollet A Northern Indiana Ists.

Cincinnati Hamilton A Dayton Bondfl.

Central American Transit Stock.

Mexican (Coriies) Bonds.

REED & HURLBUT,52 W^ILLIAin STREET.

FIRST-CLASS

Investment Bonds.

To Investors.BROOKIiYN AND NEW YORK

SECURITIES.FRANK B. BEERS, city bonds,

16 Court St, 31 Pine St.,

BROOKLYN. NKW YORK.

GAS STOCKS,RAILROAD

STOCKS.

R.J.

Kimball & Co.,BANKBRS ANI> BROKERS

No. 40 BROADWAY, NEW TOHK.Thirteen Years' Membership In New York Stooh

Exchant^e.

R. J. Kimball, A. B. Louksrert. F.K. BallardMembers N. Y. Stock ExchanKO.

James T. Bates & Co.,(ESTABLISHED 1868,>

BANKERS AND BROKERS,raillra Bnlldlne, New York.

Members of the New York Stock Exchange.Checks and Cable Transfers on JAMES T. BATES A

CO., Geneva, Switxerland.

N. T. Beers, Jr.,

Brooklyn Sccaritics, City Bonds.

Gaa Stocks, &c..

No. 1 NEW STREET,NEW YORK.

rioanty, City tl: Town Bonds ol Weat.?«tatea."Wiscon-in Centriil UR. OKI Land Grant Uouda

8t. Joseph A Western Rll. Stock,lit. Joseph A PaciUc UR. Bonds.City of St. Joseph Mo.. Old Bunds.International Improvement Co. SubHcrlptiona.Brooklyn Klevuteo UR. Securities.Aluenian Cible Co. Subscrijtioas.Midland Kailroad of N. J. .Securities.ChlcaK" & tinind Trunk RK. Securities.South Carolina Kit Securities.Grand Rapids A Indiana KK. .Stock.Cincinnati Ittcliir.ond A Kort Wayne stock.

BoUKlit by VVAI. K. UTI.KY,No 31 I'lNB 6 VBHKT. NKW YORK

Financial.

E. B. DtXIII.OW.D. A. EA8T0N.

n. R. HEam.S. H. Nichols.

Denslow, Easton & Herts'BANKERS,

15 Broad Street (mils Bulldlne),

NBW YORK.

Transact a Oeneral Vauklnir BvnlneM.

stocks bought and sold on mar^n. Dally flnanclal

lettem sent to customers, Iniereflt allowed on d^poalta. Inveatment aecnrltlea a specialty. Mqnthlf*

Inrestment circular mailed on application.

P. o. BOX ijwe.

Prentiss & Staples,No. 11 ^VALL STREET, NEW YORK,

AND208 MONTAGUE ST., BROOKLYN.

«AS STOCKSAKD

GAS SECURITIES,Street Kailroad Stocks and Bonds,

AND ALI. KINDS OF

BROOKL,Y!V SECURITIESDEALT IN.

SEE GAS QUOTATIONS IN THIS PAPBB.Geo. h. Prentiss, Cvbus E. Staplis.

Member N. Y. Stock Exchange.

A. W. Beasley & Co.,

BANKERSAND DEALERS IN

I91TEST9IE1^'T BO^iDS,

No. 98 Broadway, Neir York.

We offer a large line of CHOICE Bailroad

SIX PER CENT bonds oh desirable terms to

buyers and investors.

WM. C. NOYES,No, 21 NASSAU STIiKET,)

OFFERS rOR SAI.K

irtica Cbenaiigo & S. V. RR. St«eli.Guaranteed 3 per cent acral-^innualty In perpettdty

by Del. lACk. A western RR. Co.

Valley Railroad Stock.Oiiarunteed 2^, per cent seml-anuutUly by Dela-

ware Ijuckuwannai Wt^sterii RR. Cu.

iHtcrtiatloual Oocnn Tel. Stock.Gold and Stock Telegraph Stock*

Guaranteed 1^^ per cent qmirtcrly for 99 years byWestern I'nlim 'J'elejrraph ( 'i.

These s".M;* arc In the nnlnreof a mortgaice bond,belnK tlri^t iietiH upun the ettrnloKS of the Kuarantora.... — -.--— . . . ,, M

Ohio Central RR.(RIVER DIVISION),

IJOINI>S & SCF£ir»,BOUGHT AND SOLD

BY

TOBEY &. KIRK,4 BROAD STREET.

(ROOM «.)

For Sate—tSOO Metropolitan Gas Llgrht 6 p. e. Bonds.

J. P. n^IXTRlXOHAM.GAS, INSURANCE, BANK STOCKS.&C.

sEcuarriES boitght at the adction sales.

36 PINS STREET, N. V.See adrertisement In the Journal oj Comnuree,

Francis Smith & Co.SE1.ECTED

BIORTCiAGE EOAMS.Indianapolis, Ind.; Columbus, Mlaa.;

laontgomerr, Ala.; Vlcksburg, MIm.NORTHERN. 6 PER CENT NET.

SOUTHERN, 8 PER CENT NKT,

Tl THE CHRONICLE. [Vol. XXXV.

Western Bunkori.

Nelson & Noel,BANKERS,

ST. L.OVIS, mo.,DEALCB8 IN

nlcipal Bonds and CommercialPaper.

For sal*, desirable 8KCUR1TIES FOR INVKST-MKNT, payiiut 6 to 8 per cent net. 0»rreBpoudcnceoUdtedMessrs. Kountze Broa, New York Correepondeoti.

Sam'l A. Gaylord,ST. LOUIS,

DEALER IN WESTERN SECURITIES

Defaulted CJounty, Township and City Bonds or

MlHonri. Kansat and Illinois bought at best rates

Investment Securities for sale. Correepondence

•elicited.

P. F. Keleher & Co.,305 OLIVE STREET, ST. liOVIS, ITIO

Flrst-claas Western Investment Securities for sale

St. Louis City and States of Missouri, Kansas, TexasArkansas and Colorado Bonds a specialty. Full in-

formation given in reference to same on application.Coupons and Dividends collected.

Jarvis, Conklin & Co.,KANSAS CITY, MISSOURI.

FIRST MORTGAGE LOANS upon improvedfarms In the best portions oC Kansas Hnd Missouri,worth from three to six tim.^8 the amoun* loaned.Intereflt7and 8 per cent semi-annual, luid alwayscollected and remitted to investor free of charwe.Over a million dollars loiined and not a doH»r lost.

Bavinga banks. colleRes, estates and private indi-viduals who want SAFE and IMtOFlTABLE invest-ments, write tor circular and full information.

THE^WESTERNFarm Mortgage Co.,

I.AWRENCE, KANSAS,OITers to Investors the best securities in the market.FIRST MOKTOAGE LOANS UPON IMPROVEDFARMS, interest and principal paid on day of ma-turity in New York. Funds promptly placed. Largeexperience. No losses. Send for circular, references»ad sample forms. F. M. FKRKINS. President; J. T.WAKNE, Vice-Prest.; I.. U. PKUKINS, Secretary;CUAS. W. GILLETT, Treas. N. F. HART Auditor.

TBOS. M. TnouNTON. WM. W. Thornton, Cash

W. F. TllORNTO.\ &, SO.\,(Established 1869.)BANKERS AND KROKERS,

SHELBYVIIXE, ILLINOIS.Collections made in Sheibyand adjoining Counties

Mid Proceeds rLMUitteU on Day of Payment.RKbKKENOE.S—National Bankiif Commeroe.New

York. Union National Barik, Cincinnati. ThirdKatiunal Bank, Ht. Louis. Traders' Bank, Chicago.Indiana Baiikini^ Company, Indianapolis.

l-'iiiuiieial.

Sherman 8. Jewitt, Pres. Josiah JitwETT,V.Pre8WILLIA.U C. COIl.NW^LL, Cashier.

Bank of Buffalo,CAPITAl,, SSOO.OUO.

BUFFALO, N. Y.

This bank has superior fucilitios for maktnK col-lections on all accessible points in the UnitedStates, Canada and Europe. Liberal terms extendedto accounts of bankers and merchants.CoKKiLaPONDENTs.—New York, National Shoo A

Leather Bank; London, Union Bunk of XA>ndOD.

Vys

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

» Wall St., Cor. New, New York.INVB8TMBNT 8KCURITIE8.

Special attention to business of country banks.

W. K. D. \ ysK, Member A', r. stock Bxchangt.

/se, Sons & Broun,BANKERS AND BROKERS,

Ho. 3 WALL BTBEET, NEW YORK^'"*?Ji Bonds and Government Securities boughtimd sold on commission. Interest allowpd on le-Poslts subject to check at sight

'• '^h fioiV T?;„*YS''^*i'''' "• tKUGEK OAKLETW. K. Tkavebs, Special i'artner.

Prince & Whitely,No 84 BROADWAY, NEW YORK,

(Branch OOice, ISO Filth Aveuiioi.Allciabsesof Railway and Mining Stocks boughtMia flold on Commission. «»"•'

»y,^' 'hS^TeK^iiranh Wires to Philadelphia, Wiimlng-

iSS'Kew Svea ^wluiwton, Boston, iridgepStt

12 ^.

Financial.

J. 11. Latham. F. W. PKllKT.

J-. H. Latham & Co.,

UNITED BANK BUILDING,

2 WALL BTKEET.

li^VKSTMEXT SECURITIESC7>(y, Railvoad <t iluctllaneout Stoekt and Bonds

POiCEICN EXCHANGE

Wood, Huestis & Co.,31 PINE ST., NEW YOKK,

BANKEK8 AND BUOKERi^,SUCCESSORS TO

WOOD &. DAVIS.Execute orders In all securities listed at the NewYork Stock Exchange. For Sale,FIR8T-Class kailkoah " IST Mortgage Bonds.GEORGE C. WOOD. C. H. HUESTIS. L. M.8WAN

Geo. K. Sistare's Sons,

17 NASSAU ST., NEW YORK,DEALERS IN

FIRST-CL.4SS ESVESTMEXTS.Buy and Sell on Commission, for cash or on mar-

i;ln, all securities dealt In at the NowTorkStoikExchaugt;.

interest allowed on dally balaaces.

All 4leposits subject to check at sight.

Particular attention to orders by mall or tele-

graph.

C^ Co.B A BT K E R S ,

No. 18 W^AIiL STREET,New York,

Transact a General Banking Business, Includingthe purchase and sale of STOCKS and BONDS forcash or on margin.

Buy and Sell Investment Secnritles.p. O. BOX 2,647.

A. M. Kidder. Wayland trask. H. J. Morse.W. C. HILL.

iBoodtft

& Co*B A N K E R .S

,

5H Brondwny, cor. ExchntiiEe Place, N. YBranch OOice, ViH l,a Salle St., Chicago.

TRANSACT A GENERAL BANKING BUSINESS,INCLUDING TUK PURCHASE AND SALE OFSTOCKS AND BONDS FOR CASH OR ON MAR-GIN. BUV AND 8KI.L INVKSTMENT SECURI-TIES. INTEREST ALLOWED ON DEPOSITSSUBJECT TO CHECK AT SIGHT.

P. O. Box 447.D. A. BOODY, C. W. McLellan, JE.kedbcn Leland. f. G. Saltonstam..

25 fIN£ §T. - Iteuu^ORKi

Purchase and sell on Commission GOVERNMENTand RAILROAD BONDS and STOCKS, and all

classes of Securities dealt In at the NEW YORKSTOCK EXCHANGE, or ail reputable Securities

bought and sold In the OPEN MARKET. LOANSand COMMERCIAL PAPER negotiated. Interestpaid on DEPOSITS, subject to check.

BANKERS,UNITED BANK BUILDING,

W^all Street, Corner BroadiraY.STOCKS, BONDS <t COMMEKCIAL PAPER.Stocks and bonds bought and sold on commission at

New York stock Exchange. Advances made on busi-ness paper and other securities.

Wm.D. Hatch,Member N. Y. Stock Eich.

WM. B. KINDALL.

No. 31 WALL STREET,

BANKERS AND BROKERS,Befer to Mesan, Fiss A Hatch.

Financial.

Caldwell, Hay & WashburnBANKERS & BK0K:ER.S.

UNITED BANK BUILDING.Broadway and Wall St.

Transact a general Banking Business, Inclndlng thePurchase and Sale of all Securities dealt in at theNew York Stock Exchange.Interest allowed on deposits subject to slsht draft

CnAs. B. CALDWKLr, late West 4 Caldwell.SILAS C. Uay. Member N. Y. Stock Exchange.Lansi.vq c. WASHjJtiBU, late Whlttingham ft

Washburn.

Taintor 6c Holt,BANKERS,

No. 10 WALL STREET, NEW YORK.TRANSACT a GENERAL BANKING business.

DEPOSITS received aad INTEREST allowed onbalances.

Buy and sell GOVERNMENT, MUNICIPAL andHAILROAB Bonds.Private telegraph wires to Providence and Boston

G.E. TAINTOR. GEO. H. HOLT

E !« '1' A B I S U K UIS64.

Coleman Benedict & Co.No. 24 BROAD ST., NEW YOKli,

!

STOCkS AND BONDS,|

MEMBERS OF THE N. Y STOCK EXCHANOW j

A strictly commission business conducted In thepurchase and sale of Stocks and Bonds on Margin j

or for Inveslraenl. i

Complete Financial Report Issued weekly to otir 1

coiTpspondent.H.

I. F. Mead & Co.,STOCK BROKERS,

3 EXCHANCME COURT, NEW XORKBranch Office with Private Wire at 23 West Twenty-

Third Street-Buy and sell on cominission for Investment or on

margin, all securities dealt in at the ^ew Vork StockExchange.R. a. LEAB. I. F. Mead, T. H. CURIIS.

Member N. Y. Stock Exch

Stewart Brown's Sons.WM. HAHftAN Brown. Davison Brown.Geo. Alexander Buown. Memb. N. Y. Stock Exch.

No. 38 PINE STREET,NEW YORK.

Gororninont Securities, Stocks& BondsBought and Sold on Commission.

Geo. H. Whipple,No. 36 WALL STREET,

NEW YORK.

ELECTRIC LIOilT STOCKSEDISON, BRUSH. UNITED STATES, FULLER

STOCKS FOR SALE.

Fred H. Smith,BANKER AMD BROKER,.

Ko. 20 BROAD STREET, XKW YORK.RAILROAD SECUHITIES

(An Intimate knowledge of ail for the past 10 YearsvA SPECIALTY.

Investors or Dealers wishing to buy or sell areInvited to communicate. State, Municipal andRailway Kouda and Coupons bought and sold at t>estMarket Rates.

Miller, Francis & Co.,

BANKERS AND BROKERS,

33 WALL STREET, ^£W YORK.

CHAS.A.UiLLUt.JA8. Francis. Bdwinj.Hanes

H. L. Grant,No. 145 BROADIVAV

NEW YORK.

CITY RAILKOAD STOCKS & BOM>BOUGHT AND SOLD.

Bee quotations of City Railroads In this paper.

Oilman, Son & Co.,B A N K £ R S ,

S3 CEDAR STREET.In addition to a General Banking Business, buy

and sell Government Boad< and Investment Secar i

(

1

HUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES[Entered, aooordlng to act of Gongreaa, In tbe year 1882, hj Wm. B. Dasa dc Co., In the office ot the Llbrarlaa of CkmgreM, Washington, D. 04

VOL. 35. SATURDAY, OCTOBER 28, 1882. NO. 905.

CONTENTS,THE OHKONFCLE.

Effector the Gold Certiflcates. 469 I Parliament and the ITatlonallThe Flnanolnl Situation 470 I League 475TheOrp(j"n Railroad & Navi- I Monetary and Commercialgation Company 472 I EugUsU News

EIIIjBnn's Auiiiiul Report 473 Commerolal and Hiaoellaneong 476The Canala on Judgment 474

| Nows 477THE BA»JKER8' GAZETTE.

Money Market. Foreign Ex-change, U.S. Securities, Stateand Railroad Bonds andStocks 470

Ranfje in Prices at the N. Y.Stock Exchange 480

THE COMMERCIAL TIMES,Oommercial Epitome 488

| BreiulstuftsCotton 488

IDry Goods

Quotiitionsof (Stocks and Bonds 481Now York Local Securities 482KaiIroa<l Earnlugs and BankReturns 483

Inyestments, and State, Cityami Corporation Finances.. 484

493494

Thb Cobimbecial .\nd Financial Cheoniclb is published inJVe(o York every Saturday morning.

[Entered at the Post Ofllce, New York, N. Y., as second-class mail matter. |

TERMS OF SUBSCRIPTJON-PAYABLE IN ADVANCEiFor One Year (including postage) $10 20.For Six Months do 6 10.Annual subBcriptlou In Ixmdon {including postage) *2 7s.Sixmos. do do do 1 Ss.

Subscriptions will be continned until ordered stopped by a writtenorder, or at the publication office. The Publishers cannot be responsiblefor Remittances unless made by Drafts or Post-OtBce Money Orders.A neat tile cover is furnished at ."iO cents: postage on the same Is 18

eents. Volumes bound for subscribers at $1 00.

lilTerpooI «^ffice.The office of the Chronicle in Liveniool is at No. 5 Brown's Build-

ings, where subscriptions and advertisements will be taken at theregular rates, and single copie* of the paper supplied at Is. each.WILLIAM B. DANA. } WILLIAM B. DANA & CO., Publisher!,JOHN e. FLOYD. i 79 & 81 WiUiam Street, NEW YORK.

POST Office Box 958.

EFFECT OF THE GOLD CERTIhlOATES.Applications for gold certificates are reported to be

coming in very freely ; their issue at Washington and

New York is probably progressing about as rapidly as

the necessary mechanical work permits. This is all

natural, for they possess qualities which make them ex-

tremely useful in commerce and therefore in request.

Still the popularity of the new currency should not pre-

vent our studying its effect upon the financial situation,

for it is possible that through these certificates we maydrift into a serious difficulty which is not at first sight

apparent.

A particular however, in which they will prove an

unmixed good may be mentioned at the outset;

we refer to the fact that they are sure to wholly

supplant silver certificates. No one will deposit

gold and take silver certificates worth only eighty-

eight cents on the dollar when he can get a gold certificate

worth one hundred cents. Unless therefore the Treasury

should put a premium on the former by again offering, in

case silver certificates are taken, to transfer the funds to

St, Louis at its own expense, that vicious kind of currency

has not only reached its highest limit, but must hereafter

flow into the Treasury more freely and decrease. This is

certainly cause for congratulation. An issue of currency

intrinsically inferior and virtually irredeemable except

through the Custom House, could have only one effect,

that of driving out of the country the better sort. Howfar the unprecedented imports during the past year

—

while by reason of our short crops we really had so little to

spend—are to be taken as a sign of the working of

that law, cannot of course be demonstrated. Bat whenfacts turn up so in accord with the action of a well knownprinciple, we may safely concede the connection of cause

and effect between them.

Another obvious outgrowth of the continued issue of these

gold certificates is, that eventually about all the gold in sight

in the country will be on deposit in the Sub-Treasury.

This result is inevitable, since each certificate is issued

only on deposit of its equivalent in gold to be held solely

for its redemption; and further, because the certificates

are so much more convenient for use than gold, and so

much easier and safer to keep and to handle, that the banks

will speedily convert their stock into that shape. And it

is not at all unlikely also—if the people hold as much gold

as the Mint Department claims—that within a few months

there will actually be more in sight than we showed

was in sight the first of July. For individuals as well as

banks will—as they become familiar with the law andwith the fact that a certificate is simply an acknowledg-

ment that the holder has on deposit so much gold in the

Treasury vaults—be glad to turn over to the Governmentthe trouble of keeping the actual gold and retain, in its

stead, the deposit certificate.

It has been questioned whether the amount held by the

Bank of America for the associated banks will not re main

as it now is. There is a show of reason in that expecta-

tion, since those holdings are represented by certificates

issued by the Bank of America to each depositor. For

the purpose of paying balances between themselves, the •

certificates of the Bank of America are in all respects as

convenient as the Government certificates could be, and

they have the further advantage in case of loss or theft,

that they are payable only to a member of the Clearing-

House. It is to be said on the other hand, however, that

as from time to time any of that gold is needed for the

uses of our internal commerce, it will, as a convenience,

take the form of Government certificates, and in that way,

if in no other, much of it will eventually be converted. But

besides that, the better opinion seems to be that the

expense the Clearing-House is under for keeping up the

present depository, is likely to put an end to it, since

under this new regulation similar services can be obtained

from the Government for nothing.

"We thus reach the result that the law in question has

set in motion a process, which, if continued long enough,

470 THE CHRONICLE. [Vol. XXXV.

will convert nearly all the gold reaching the banks, and

much of. that which has heretofore been hoarded, into

Government certificates, the Government vaults becoming

the general depository of the country's stock of that

metal. Now assuming such a change effected the

important question arises, what will be its influence

npon the Government finances? One point is certainly

clear enough, and that is that all payments of revenues

in gold would very soon cease. No man will pay

"Honest John Barkley" a dollar a keg to have his gold

carried to the Custom House, or will take it there himself

at greater risk, when he can obtain a certificate which will

do the same work and go in his vest pocket. In fact we

can see this tendency and the ultimate result it must

produce pretty plainly foreshadowed in the New York

Custom House figures for the last four weeks, the first

certificates having been out only about four weeks. To

-clearly indicate the influence the small issues already

made have had, we have prepared the following statement,

showing the percentages of gold, notes and certificates

making up the customs payments at New York during

October.

Week Ending—

Octotter 5..

•October 12..

October 19..

October 26..

Percentage.

X*talDutiet.

100100100100

aold.

29-48

241819-51

8-53

U. S.

Soles.

6-74

7-95

6-34

7-15

GoldCertifi-eales.

3-30

21-77

54-38

68-97

SilverCertifl-catet.

he is simply directed to issue no more new certificates.

It is certainly clear enough that stopping the outflow of

certificates will not change in the least the conditions or

forces already in action—there will remain the sameredundancy of certificates and the same inclination on the

part of the people to use them.

To be sure it is possible that the Secretary will

not fully execute the law, but, when he finds the

danger threatening, will assume the authority of re-

versing the process, and of redeeming and destroying

every certificate received for duties. Still, the statute

gives him no such power. When the certificates are paid

in, they are cash items, and the law certainly contemplates

their being re-issued.

This is so important a point that it should not be left in

doubt. We do not believe in an oflBcer of the Government

exceeding his powers, or in being forced to do so, under

the alternative of seeing his greenback reserve melt away.

60-48

46-10

19-77

15-35

This shows us that the gold certificates have already

risen from about 3 1-3 per cent to 69 per cent of all

the payments, and the gold has declined from about 29^

per cent to 8^ per cent of the payments. So it is evi-

dent from results already obtained, as well as from the

nature of the case, that as soon as the certificates become

.abundant enough, gold will be no longer used for paying

revenues.

This brings before us the unsafe feature in this whole

Tausiness, for when the point suggested has been reached

the impairment of the gold greenback reserve is inevit-

.able. Most likely Secretary Folger has beeu influenced

by this very danger in his action with regard to these

certificates. Their preparation was delayed, and now•their issue is made only through the Assistant Treasurer

&t New York, giving Cuiigress a chance to change the

Statute Lefoie any harm is done by limiting the issue,

or by authorizing their redemption and cancellation.

To be sure there is already a certain limit in the law,

for it says " that the Secretary of the Treasury shall

" suspend the issue of gold certificates whenever the

•" amount of gold coin and gold bullion in the Treasury,•' reserved for the redemption of United States notes, falls

" below one huudred millions of dollars." But when the

•depletion has gone on to that extent, the patient, as the

provision now stands, is beyond recovery.

A moment's reflection makes this evident. Of course

the gold the Treasury holds for certificates is not availa-

ble. Hence, so soon as the condition is reached of moregold going out on the demands of the Government creditors

than comes in from revenues, the decrease of the reserve

fund begins. Even in this contingency the Secretary has

no discretion, for he must continue his issues until the fund

has so far been encroached upon as to have fallen below

100 millions. In other words, he is not to stop the leak

as soon as he discovers it, nor even is he allowed to prevent

it growing any larger; but on the contrary he is directed

to go on doing what started the waste and must, there-

fore, increase it, and continue this operation until he sees

it has about done its worst;—and what then ? Why then,

TJIi; FINANCIAL SITUATION.There is little change to note in the financial outlook

this week. Business has in general perhaps been a little

less active, for the reason that the attention of the people

is to an extent absorbed by political questions. So far as

reported, railroad earnings in most cases continue to show

a gain on the totals of last year, and the approach of the

period fqr the closing of navigation makes it probable •

that there will be a steady increase in traflic receipts at

least for the remainder of the year. This is supposed to

be particularly true of the trunk-line roads since they

have decided to advance rates on West-bound business

from and after the 1st proximo. Money is in good supply

and there is a fair prospect that it will so continue.

Exchange is variable, but the tendency is downward ; and

although it may not soon reach the gold-importing point

it is almost certain not to advance to the other extreme

again this year. The decline in the stock market seems

to have been arrested, and there are reports, as usual, that

the leading speculators are now prepared for a movement

in the o'.her direction.

As remarked above, exchange is variable. Last week

there were indications of lower rates for sterling and

francs in consequence of a better supply of bankers' and

commercial bills, the latter drawn chiefly against cotton.

The rates fell on Tuesday by reason of the pressure of

bills, but these seem to have been quickly absorbed, for on

Wedriesday commercial drafts were reported scarce, so

the rates stifiened and on Thursday there was an advance.

The movement was not general, but there was a strong

tone to the market, showing that any urgency in the

demand would induce all the bankers to conform to the

higher figures. It is thought by some to be a little singu-

lar that with the free movement of wheat and cotton, there

should not be a better supply of commercial bills. It is

however probable that the current shipments were drawn

against some time ago when so many futures were noticed

in the market.

Under these circumstances bankers who two weeks ago

regarded as probable such a decline in sterling and franca

as would bring gold hither in November or December at

the latest, now express themselves as undecided upon that

point. We have shown, from month to month, by our

tables of the trade figures, that unless imports greatly

decrease, or unlass Europe should take our securities in

large amounts, there could be no such decided fall in

exchange as to result in an influx of specie in any con-

siderable amounts during 1882. We are now realizing

the force of the facts which those figures have fore-

shadowed ; and unloss there is in future months a decideij

OCTOBBB 28, 1883. THE CHRONICLE. 471

change in them, we cannot look with much confidence for

arrivals of gold to any extent during this crop season. In

fact we have now passed the months when usually gold

comes, if at all, in return for our crops, because shipments

are so anticipated by future bills. In illustration of this

point we have prepared the table below, which shows

that for the last three years the gold we have received

from abroad has reached here mainly in August, Septem-

ber and October.

FORBION OOl-D MOVBMBXT OP TUB UNITED gTATBS. (0009 omittfd.)

1879. 1880. 1881.

Manthi.Imports. Bxp'rU.

Exeatof lin-portt.

t

Im-port*.

Ex-port*.

of Im-porU.

1

Im.ports.

t

Ex-ports.

Bxc'Kof Im-ports.

* t t * t

Jan 275 348 •71 7»B sse 670 4.740 SO 4,710

If^b....

March.137 115 2C 485 150 S15 579 271 308

1S8 77 111 SM 1,167 •275 7,108 lei 7,00T

April.. 171 438 •a67 167 8U 78 19,352 89 15,283

M^y... 185 350 165 121 106 18 1,318 615 701

Jane... ri3 1.43» 1.2fcn 64S 541 107 322 617 •295

July .. 362 3S0 •88 844 62 182 751 112 639

Aug

—

6.733 3S1 6.37a 9,145 91 9,051 3,427 170 ,1,248

Sept.... ar.sa6 132 2r,3»« 1N,»«7 81 18,768| 1 0,981 148 10,&13

Oct 19,17U 280 is.saa 16.258 170 16088 8.2y6 177 8,119

Not.... ir.«4 lOfl 17,318 9,555 221 9,334 3.06U 97 !i.092

Deo .... B,503 135 6.4S28 16,506 158 16,347 a,72« 108 2,820

Total 78.7(18 4.115 74.B=.S 73,845 3,()fl3 70,.5Bi'60.3»fl 2,804 .57.71)5

' Excesfi of exports,

The above exhibit is not favorable to anticipations of

gold imports. Still, it may even yet be that merchandise

imports will drop off and securities be taken by

Europe in amounts sufficient to start the movement. But

considering the condition of the Bank of England we must

believe tbat any stock speculation in London leading to

8uch a result, would be speedily checked by, if necessary,

a very much higher rate of interest. In the meantime the

London situation is not without embarrassment as the

open-market rate keeps down about one per cent below the

Bank rate, and the buying of our securities in a moderate

way continues. The following shows relative prices of

leading securities in London and New York at the open-

ing each day, indicating the profit in transactions by cable.

benefitted, as it leaves the West Shore, which report claimed

was to prove such a strong rival, without much chance of

a Western connection unless it builds one of its own. Theprofit the construction company of the Nickle Plate road

has made by the operation may be represented as follows

on the supposition that they receive for all their stock only

what Mr. Vanderbilt has paid them for his portion and

get par for their bonds. We should state first in explana-

tion that the original subscribers to the construction com-

pany received $50,000 insecurities for every $13,333 ia

money paid by them. The securities consisted of $10,000

first mortgage bonds, $20,000 preferred stock and $20,000

Cummon stock. Assuming full payment for bonds, $3,333-

would represent the amount paid for the $40,000 stock.

On this basis, the 50 millions stock would represent an

actual cash outlay of $4,166,250, and tbe statement of

profit be as follows.

PAOFIT TO PUOJBCTOKH OP NEW YORK CHICAOO A ST. LODIS.

Amount actually paiil for .?")0,000,000 stock!}i22,O<iO,O00 imfrrred at 37 would bring$28,000,000 couimoa at 17 would Urlug

ProBt.

$S,M0,0OO4.760,000

$l,ie6,2S0

1 2,900,000

$.^,733,750

Oct. 23. Oct. 24. Oc!.25. Oct. 26. Oct. 27.

Lmui'n if.r. Lond'n N.Y. London N.T. Lniid'n ^.F. LonA'n N.Y.prices.' prices. prices.* prices. prices.' prica. prints.* prices. prices.*

119 55

price*.

O.8.4«,o. 119-43 119M 1I9S1 imi 119 31 119« 119-31 11«« n»«0.8.3«9 looai 101« 10106 lOl-H 10105 iei« lGO-80 101?^ 101-66 lOlMErie 42- 18 41J^ 4115 41 42-13 42Wi 41-88 41M 4200 41^ad con. 100-42 100 10032 99M 100 32 99U 100-32 99Hi 100-32 100

ni.Ceui. 1400O 149 14902 148^ 14902 148 148-53 148M 14U02 148

N. r. c. 133 33 132« 182-46 132M 18319 133^6 133-18 133 134-04 134«Beadlnp 301)5' aiH SOlai m^ 30-80

1

81« 30-92t 615j 30 92 82>i

Bich'ge,

Cftbles. 4-87X 4-87 4-87 4-87 4-87

• Kxpresaed in their New York equlTalent.t KeaUlDK on basis of $50. par value.

The Stock market, although it has been dull and some

prices have been lower, has exhibited signs of recovery

this week. There has been less of that speculative manip-

ulation which has characterized the past two weeks,

and although occasional attacks were made upon certain

specialties, these properties have exhibited greater resist-

ance and have sharply rebounded after the removal of the

pressure. The general explanation afloat on the street is

that the speculators for a fall have accomplished their object

and that they are now willing to see the market advance.

The leading feature of the week has been the rise in

Canada Southern, Michigan Central and, later, in the stocks

of the New York Chicago & St. Louis road. The advance

in the first-named has been stimulated by the rumor that

through business would be increased in some manner over

these lines, while the rise in the New York Chicago & St.

Louis has been due to a report, now confirmed, that the

road has been bought in the interest of Mr. Vanderbilt.

Undoubtedly this action on the part of Mr. Vanderbilt,

if he has not paid so much for the road as to induce other

parties to build rival lines to sell, has greatly strengthened

his properties. Even New York Central will be largely

This is a comfortable result to the projectors, especially

as they can feel a reasonable assurance that the balance of

their stock holdings will net a higher price than the

portion sold Mr. Vanderbilt.

The elevated railroad stocks have recovered part of the

loss sustained after the announcement of the decision of

the Court of Appeals, but transactions in them have been

quite limited. One reason assigned for the reaction was

the report that negotiations had been reopened for a

reference of the differences between the Manhattan and

the Metropolitan to arbitration. Another explanation i&

that those who sold the stock when the decision of

the Court of Appeals was announced, have concluded

that they were too hasty. The litigation resulting from

that decision will in any event be lengthy, and the ques-

tion of damages (always a very difficult one), will have

some peculiarly troublesome features growing out of the

fact, among others, that the rental of almost all city

property has risen since the roads were built, and further

that as store property some of the dwellings claimed to beinjured, might secure much higher rates. For these and

other reasons it is claimed the amount the companies will

have to pay will be much less than anticipated. Another

reason given 'for the reaction in these stocks is that they

are mostly held in blocks by parties who are not at present

disposed to sell, and therefore further speculative sales of

these properties would be somewhat hazirdous.

In view of the fact that the Attorney-General of the

United States is supposed to have decided as unlawful the

present method of " accepting " in lieu of certifying

checks by banks, for an amount in excess of the cash actu-

ally deposited by the drawer, several plans have been

discussed. Among them the proposition to establish a

clearing-house has occupied the attention of member*of the Stock Exchange, and it is now before the Govern,

ing Committee. The principal objections urged against

this plan are that the business of the E.xchange is so large

that it would be impossible to clear the transactions, or to

get statements in by noon, which would have to be done

if clearings were undertaken ; and further, that even now

leading operators are able to trace transactions in large

blocks of stock, and they could do this the more readily

if there was such an institution as is suggested. It is also

urged that the experience of tbe Gold Exchange bank in

18G9, showed that if there was the least derangement to

the machinery of the clearing-house, the whole move,

ment wouldjba clogged, and the business of^the Exchango

472 THE CHRONICLE. [Vol. XXXT.

unsettled for several days, to the great inconvenience of

operators ; and, finally, that there would be no way of

compelling members to resort to the clearinghouse, and

some would insist upon dealing "ex" iu order that their

transactions might not be exposed, and this method of

dealing " ex" might eventually be adopted by the major-

ity. Generally speaking, therefore, the objections to the

clearing-house are felt by Wall Street to be so great that

it is not likely the plan will be endorsed by the Governing

Committee or by the Exchange. It is suggested as a sub-

stitute that the London method of trading for the account

be tried. This system was urged upon the Exchange a

few years ago, and it was decided to try it at the Govern-

ment board, but only a few transactions were made in

accordance therewith. There is a by-law of the Board

etui in force, which might be amended so as to apply to

stocks, and the experiment be tried if deemed advisable.

This by-law is as follows.

"TranBaotionsmiiy be made in Govornment eecuritica /or the acconnunder tlie folIowluK reKulationg: The 15th and last days of each monthshaU lie known as ' settliuK day*,' and transactions may be miide on anydays within tliose days for settlement on those days, respeotively, and•witliout interest. Transaetions made for the account on settling day,unless for cash, shall be considered as for the next account. Eitherparty to a transaction may call for an original margin of 2, per cent, tobe deposited Jointly in a trust company, and should the market pricevary at any time 1 per cent from the contract price, such diflference

ihall be deposited in the trust rumimny by the party against whom it

exists, T\hen notified in accordance with the by-laws. A committee otthree shall be appointed by the President, who shall have power, in caseof non-fultilmeut of contracts on i.etllluK day, to assess the damagesaud fix the price at which settlemeuts may be made."

It is urged that this by-law may be amended so as

to provide for interest as on contracts, instead of having

transactions without interest. The cash payments for

stocks will be confined to the settling days and it is proba-

ble that on those days the bulk of the stocks would be in

the hands of houses who would have no difficulty in ob-

taining certifications.

Money on call has been in good supply during the

week, ranging from 6 to 3 per cent, and the bulk of the

business has been done at 4 to 5. Bankers at Chicago and

other interior points have been complaining of the policy

of the Treasury Department which confines the issue of

gold certificates to the New York office, and some banks

in Chicago are said to have sent gold to this city for ex-

change for gold certificates at a cost of $1 60 per $1,000

—

80 cents each way. The law, of course, directs the Secre-

tary of the Treasury to receive deposits of gold coin with

the Treasurer or Assistant Treasurers and to issue cer-

tificates therefor; but it may b© that Judge Folger fore-

sees that the general issue of these certificates is likely to

lead to trouble when the limit fixed by the law has been

reached, aud that for this reason he prefers to confine their

issue to the New York office. The Treasury operations

for the week (allowing for items which do not aflect

the banks) have resulted in a gain, which is a loss to the

banks, of $1,498,698. The interior movement is shownby the following.

Receipti at and Shipmentsfrom N. T. Steeived. Shipped.

Currency $1,256,00022,000

$1,165,000

198,000Ctoia

Total «1,278,000 $1,363,000

Last week's bank statement doubtless very nearly re-

flected the actual condition of the institutions. Considering

this fact, the following should indicate the character of

this week's return.

Bub-Treasury operations, net...

Interior movement

Total.

Into Bankt.

$.

1.278,000

$1,278,000

OutofBanks

$1,498,6981,363,000

$2,861,698

Ntl Lots.

$1,498,698

85,000

$1.583,698

The Bank of America paid out $350,000 gold on ac-

count of the associated banks during the week, and receivednothing in return.

The Bank of England return shows a loss of £i;i3,000

bullion for the week, but there is a gain of J per cent in

the proportion of reserve to liabilities. The Bank of

France reports a decrease of 6,650,000 francs gold and

of 6,350,000 francs silver; and the Bank of Germanysince last return shows a gain of 1,340,000 marks. Thefollowing indicates the amount of bullion in each of the

European banks this week and at the corresponding date

last year.

Oct. 26, 1882. Oct. 27, 1881.

Oold. Silver. Oold. Silver.

20.992,818

38.807.700

6.158,000

* »21,246,164

24,161,850

6.372.500

51.780,520

51,554,584

£

Banli of FranceBank of Germany

44,771,.591

19,374,00017,898,794

19,117,500

Total this weelc 66.258.518

06.781.361

04,145,591 67,016,291Total previous week 04.589,022 67.150,022

^p" The above Kold and silver division of the stookof coin of the Bankof Germany Is merely popular estimate, as the Bank IcseU gives noinformation on that point.

The Assay Office paid through the Sub-Treasury

$179,970 for domestic and foreign bullion, of which

$60,230 was for the guilders imported from Amsterdam,

and the Assistant Treasurer received the following from

the Custom House.

I}uties.

Consisting of—

Date.

Oold.U.S. Gold Silver Oer-

Notes. Certif. Hfieates.

Oct. 20.. $625,830 67 $45,000 $34,000 $430,000 $115,000" 21.. 469,306 48 34,000 35.000 335,000 66,000" 23.. 549,177 44 40,000 40.000 389,000 79,000" 24.. 796,094 73 76,000 51,000 567,000 103,000'• 25.. 500,496 08 45,000 42,000 318.000 95,000» 26.. 416,667 86 46.000 33,000 275,000 57,000

Total. $3,357,573 26 $286,000 $240,000 2,311,000 $515,000

TffJS OREGON RAILWAY d NAVIGATIONCOMPANY.

The report of the Oregon Railway & Navigation Com-pany, issued this week, has a certain interest to the in-

vesting public from the extraordinary success that has

attended the efforts of the promoters of the enterprise

almost from the day of its inception. It would not be too

much to say that in the results accomplished within a

short period of time, it is without an equal among cor-

porate undertakings of its character in the United States.

Organized but little over three years ago (June 13, 1879),

and composed of quite varied material—ocean lines, river

lines, railroad lines—it has been managed with such skill

and ingenuity that to-day it has a business yielding it over

five millions gross, and but little less than half that net,

and a financial standing which excites the envy of less

fortunate bodies in other parts of the Union. Yet the

system is only in its infancy. The country tributary to it

has scarcely begun to be developed. The company's rail-

road mileage is incomplete, and an important part of that

which is complete was not in operation in the year covered

by the report. Further, the Northern Pacific, of which,

the Oregon's line will form the western end in a through

route from Duluth and St. Paul to the Pacific Coast, is as

yet unfinished, leaving the company without the through

business which is expected from this source later on.

As now constituted, the Oregon Navigation Company

controls the ocean-carrying trade between Portland and

San Francisco, the river service on the Columbia, Wil-

lamette and Snake rivers, and over 625 miles of railroad

now in operation. It has in fact a virtual monopoly of

the cariying trade of Oregon and Washington Territory.

Before the absorption by it of the various steamer lines,

there was much contention and competition among these

October 38, 1882.] THE CHRONICLR 473

and between them and the railroads, with the result of

reducing proQts or wiping them olit altogether, but now

that the lines are all under one management and harmony

restored, they are proving very lucrative to the Oregon

Company. Though the company's business is very largely

by water, it has been evident to Mr. Villard from the first

that river transportation must be superseded by rail trans-

portation, especially between Columbia River points, there

being many obstacles to the free navigation of that river;

—

and slowly but surely the steamboat is giving way to the

railroad.

The most important piece of road projected at the forma-

tion of the company was the line from Portland along the

south bank of the Columbia River to Wallula, in Wash-

ington Territory. But in the construction of this line

great difficulties were encountered, which delayed its com-

pletion until late in the present year. At the eastern end

—say from Celilo to Wallula—the work was not so

heavy, but at the lower end the task was exceedingly dif-

ficult, and the company's chief engineer declares it as his

opinion that on the 74 miles between The Dalles and Port-

land the work is heavier than on any other continuous

mileage of the same length in the United States. " The

rock work alone exceeded four million cubic yards," he says,

" while the embankments, principally composed of rock, ex-

ceeded five million cubic yards." This accounts in great part

for the fact that while it was confidently expected that the

road would be finished to Portland before the close of last

year, it has only just been openedi The President in his

report gives figures showing the cost of the different sections

of the road, which are extremely interesting in this con-

nection. From The Dalles to Walla Walla (30 miles east

of Wallula) the average cost was $24,567 per mile, from the

Cascades to Portland the average was $27,980, while from

The Dalles to the Cascades the cost was no less than

$49,164 per mile.

These figures are important, not only as showing the

heavy cost of the work done by the company, but also as

explaining what became of the large sums of money that

have been raised by it since its organization. From July 1,

1879, to date, the company has spent for construction and

equipment no less than $15,764,604, and to complete the

various lines in progress—chiefly from Pendleton, through

the Blue Mountains, to Baker City, 130 miles, and from

Pendleton to Walla Walla, 46 miles—it is estimated that

five millions more will be required. The exact amount is

not yet known, but the company will have no difficulty in

raising the necessary funds, since it is not only finan-

cially strong itself but has a powerful backing. Its aSairs

have always been very conservatively managed. The

most of its money has been raised by cash stock subscrip-

rtons. It has less than six millions bonded debt outstand-

ing altogether, and this was put out when the companywas first organized. There has been no increase in debt

since. On the contrary, by the operation of a sinking

fund the amount is being gradually reduced. But the

stock of course has undergone increase. At the end of

the first fiscal year, July 1, 1880, the amount stood at six

millions. During the next year, to provide money for

construction, six millions was added (sold at par to stock-

holders), raising the amount to twelve millions; and during

the late fiscal year another six millions was added in the

same way, making the total amount at the present time

outstanding eighteen millions. Notwithstanding these

large additions, the company has been able to pay 8 per

cent regularly per annum since the first quarterly divi-

dend of 2 per cent was paid in 1819, which is certainly a

treng point in its career. The current fiscal year is also

proceeding auspiciously. For the three months from

July 1 to September 30, gross earnings hare increased

$130,000 and net over $72,000.

At the close of the late fiscal year the company had 337

miles of road in operation. Since then the Portland end

of the line has been opened, adding 40 miles more, andn.aking 377 miles of standard gauge road open. This in-

cludes a line from Portland along the Columbia River to

Texas Ferry, on the Snake River, with branches to Day-

ton and the Blue Mountains. It also includes 44 miles of

the Baker City branch from Umatilla to Pendleton.

Besides this, the company operates the Oregonian narrow-

gauge railway, under lease—(the road lies in the Willa-

mette Valley, running south from Portland through

Western Oregon)—and this adds 150 miles more to the

mileage, making 527 miles altogether. Tbe company also

reports 667 miles of river lines, 670 miles of ocean

line, and 238 miles of Puget Sound lines, giving

an aggregate railroad and water mileage of 2,102

miles.

As our readers know, the Oregon Navigation Company

as well as the Northern Pacific is controlled by the Oregoa

Transcontinental Company. This latter corporation was

formed by Mr. Villard last year. The Northern Pacific

having threatened to encroach upon the Oregon's territory

and thus compete for some of its business, which was

proving so profitable, the managers of the Navigation-

Company organized a syndicate, bought a controlling

amount of Noithern Pacific stock, and then turned this

stock, together with a controlling amount of Oregon stock,

over to the Transcontinental Company created for this

purpose. The Oregon Navigation Company, however, has

not lost its identity. It is still a separate corporation, and

it does its own construction work. In the case of the

Northern Pacific some necessary branches are now being

built by the Transcontinental Company, the latter

issuing its own bonds, and depositing the bonds

of the branch lines as further security for them.

Nothing of the kind has thus far been done with the

Navigation Company, and it may be said that though the

Navigation Company has been placed under the control of

the Trans-Continental Company, the former is really

the parent of the latter, since the Trans-Continental

was created in order the more effectually to accomplish

the objects sought by the Navigation Company. It may

be further remarked that the Villard party also control

the Oregon Improvement Company and the Oregon &California Railroad. The Improvement Company's busi-

ness consists largely of coal mining, etc., on the Pacific

Coast. The Oregon & California gives a line from Port-

land, Or., south to Roseburg. An extension from Roae-

burg to the California State Line is in process of construc-

tion. At the State line, it is intended to form a junction

with the Oregon branch of the Central Pacific, being bsilt

northward to connect with it, and form an all-rail line

from San Francisco to Portland.

ELLISON'S ANNUAL REPORT.

We have received by cable all the results contained in

Mr. Ellison's Annual Cotton Review for the year ending

Oct. 1, 1882, which appears to have been issued yesterday

(Friday) of this week. As the figures reach us at so late

an hour, we are able to do but little more with them than

give the cable dispatch. Our correspondent also cables the

rectified figures for last year, and we add them below, and

also the figures for 1879-80 for comparison. First

we give spinners' takings in actual bales and pounds

for four years, with the average weight of bales for each

season.

474 THE OftRONIOLE. [Vol. XXXV.

From Oct. I to OH. 1. Oreat Britain. Continent. Total.

For 1881-83.Takings by spinners. . .bales

ATorage weight of bales. . .

.

3,13^,000430

1,478,770,000

2,910,000

4151,207,650,000

6,349,000423

2,686,420,000

Por 1880-81.Takings by Bitiiiuers.. .bales

Average weight of bales—Takings in poiuitU

3,201,000446

1.427.646,000

2,883,00042?

1,233,921,000

6,084,000437

2,661,570.000

For 1879-80.Takings by spimiers...bales

Average weight of bales

—

Takings in pounds

3,018,000444

1,340,001,000

2,618,000

4231,107,371,000

5,636,000434

2,447,372,000

For 1878-79.Takings by spinners... bales

Average weigtit of bales

Takings in pounds

2,602,000436

1,134.197,000

2,463,000

4181,029,262,000

8,094,000427

2,163.459,000

According to the above, the average weight of the

actual deliveries in Great Britain this year has been 430

pounds per bale, against 446 pounds last year and 444

pounds the previous year. The Continental deliveries

average 415 pounds, against 428 pounds last year and 423

pounds the previous year. In the following table we give

the stock held by the mills, their takings and their con-

sumption in each of the three years, all reduced to bales

of 400 pounds.

Bales of 400 lbs. each.

Great Britain—Stock Oct. 1 (beginning of year)Dtiliveries during year

Total supply for yearTotal consumption for year.

1881-83.

25,0003,697,000

Stock Oct. 1 (end of year).,

Continent—Stock Oct. 1 (beginning of year)DeliTeries during year

Total .supply for yearConsumption during year...

Stock Oct. 1 (end of year).,

3,722,0003,666,000

1880-81.

27,0003,570,000

3,597,0003,572,000

1879-80.

27,0003,350,000

3,377,0003,350,000

56,000 25,000

240,000 113,0003,019,000 i 3,084,000

3,2.59,000

3,120,000

139,000

3,196,0002,956,000

240,000

27,000

94,0002,768.000

2.862.0002,750,000

112,000

The totals for the whole of Europe for the three yearsare as follows (in bales of 400 lbs.)

Qt. Britain and Continent.

Stock Oct. 1

Deliveries during year..

Total supplyTotal consumption.

Stock Oct. 1 (end of year)..

1881-83.

265,0006,716,000

6,981.0006,786,000

195,000

1880-81.

139,000,654,000

1879-80.

121,0006,118,000

6,793,0006,528,000

265.000

6 239,0006,075,000

164,000

Our dispatch also contains the average weekly con-sumption as follows (in bales of 400 lbs.)

Consumption per Week.

<}reat Britain.<X)ntinent ,

Total.

1881-83. 1880-81.

70,50060,000

68,692

56,846

130,500 125,538

1879-80.

63,81052,381

116,191

The cable also adds thatMr. Ellison's Annual RevTewsays that if the American crop should reach 6,800,000

bales low prices would ensue, and that American stock s

'Would recover the decrease of the past season and still

leave for export to Europe from 4,400,000 to 4,500,000bales. Low prices would also cause a diminished Indiansupply. On this basis, however, he estimates the total

imports, supply, deliveries and stock Sept. 30, 1883, as

follows :

American£a8t Indian .

Sundries

Imports.

Total.

Stock

October 1.

Total

supply.

4,500.000 292.0001,450,000 409,000950,000

6,900.000 771.000l7.671.000

Deliveries

4,792,00014,227,000

1,859.00070.0001 1,020,000

1.456.000

910,000

6.5»3.non

Stock Sep.

30, 1883.

565,000

403,000110,000

1.078.000

Our cable further adds that Mr. Ellison does not say

that the world needs an American crop of 6,800,000 bales,

but merely that such a crop being evenly distributed

could be handled without difficulty. He says also that

consumers would not be inconvenienced if the crop wasonly 6,500,000 bales. In that case there would be sufB-

cient without seriously reducing stocks; but 6,500,000

bales are required to keep prices at a moderate level.

Mr. Ellison says that the imports during the past season,

have been as follows: American, 3,534,000 bales; Bast

Indian, 1,657,000 bales; sundries, 951,000 bales; total

imports, 6,142,000 bales.

THE CANALS ON JUDGMENT.A week from next Tuesday, the cocstitutional amend-

ments by which, if ratified, the canals are hereafter free

of tolls, will come before the people of this State. Their fate

we do not venture to predict, but it is easy to recognize

the fact that the vote which is sot cast, is nearly as fatal to

the amendments as the vote actually cast against them.

Hence it is evident that the amendments have two things

to fear ; the positive hostility—be this more or less

—

in the counties not contiguous to the canals, and the

thoughtlessness of the residents in other counties, especi-

ally in this commercial centre, where comparatively full

enlightenment on this subject will permit few of the non-

automaton class of voters to oppose the amendments if

they vote on them at all.

It is greatly to be regretted, therefore, that men's minds

are just now so much occupied with other matters—that

political heart-burnings and differences are the prominent,

the engrossing influence for the moment. It is unfortun-

ate that the wholly practical subject of the canals, could

not have a day at the polls by itself, for we fear they are

in greater danger from the forgetfulness of their friends

than from the votes of their opponents. Hence, while

not belittling the importance of the citizen's political duty

—

and especially that of sending to the next Congress

—

if possible despite the mere machine politicians, menwho will, for once, really represent the commerce, the

progressiveness, the breadth and the integrity of the

Empire State—we are not willing, after having followed

and favored the cause of the amendments all through their

slow movement in successive legislatures, to let them go to

trial without urging our readers within the State by no

means to allow other matters on election day to makethem forget the canals. Let them not be overslaughed ; if

defeated at all, better that the amendments be voted downthan lost by inaction.

Why should the freeing of the canals be opposed, even

irTwhat may be called the " non-canal " counties ?—called

so for argument's sake, because the weighty fact is that

there really are no such counties. As abolishing the east-

ward tolls means no revenue for the canals and consequently

their maintenance by general taxation, the case seems

to the people of the non-contiguous counties to stand

about like this— " Why should we vote taxes out of our

own pockets to help a canal which does not help us, but

carries Western products to the seaboard, thus hurting

us as far as it affects us at all ? If the canal builds up

New York City let the city take care of it; we shall not

willingly be made to compete with Western farmers and

then do it at our own cost." This is a specious view, and

is so, to some extent, even among the farmers in the canal

counties; but it is found no more than specious when care-

fully investigated.

In the first place, this city alone pays nearly one-half of

all taxes raised in the State, and the more it prospers

ihe larger will be its proportion. In the next place.

OcrOBBR 28, !88t.] THE CHRONICLE. 475

under a more or less wise practice a large scUool fund

is raised by general taxation, and redistributed to the coun-

ties; but, the basis of the raising being different from

that of the distribution glaring inequalities result, so

that 55 of the 60 counties draw back more money than

they put into the fund, of course doing this at the expense

of the remaining five. These five are New York, Kings and

Westchester—which are practically the metropolitan dis-

tricts—and Dutchess and Columbia, which are made canal

oounties by bordering on the Hudson; because the fact is

—and it may well be noted in this connection—the

ci^nal is practically an extension, or completion, of the

Hudson. These 55 counties, in a recent year, received

$696,680 more school money than they contributed to

the fund, and as this money came from somewhere, it

•was obtained at the expense of the other five, which

contributed—or presented to the rest of the State

—

$813,535 excess of contributions over receipts, being

to that extent worse off than if every county had

been left to take care of its own schools. Seven Senators

voted against the abolition of westward tolls already

effected ; their districts, comprising 19 counties, 12 of

which do not touch the canals, paid in $306,600 school

money in 1880 and drew $593,921, thus getting $287,3,21

,out of the rest of the State, while their share of direct tax-

ation requisite to offset the tolls proposed to be given up

would not, by reasonable estimate, be over $125,000. If any-

body demurs that this is a matter of schools, and the sub-

ject up just now is that of the canals, we have only to

reply that the prosperity which has enabled these counties

to pay so great a proportion of the school tax was the re-

sult in good part of the canals and the trafiBc they have

brought to this centre.

Moreover, we do not hesitate to characterize the ques-

tion of the amendments as being practically a question

whether the State at large will permit the canal counties,

or mainly the metropolitan district, to do just what the

rural opponent of free canals invites them to do—to wit:

maintain the canals themselves. In this matter and rela-

tion, the city is the State. Gravitation of men, money and

business to a great commercial centre is a universally

known fact, but there is an erroneous, though vague, notion

extant that somehow the city drains, impoverishes, or lives

upon, the State at large. On the contrary, if one will

enly study industrial movements, and will note the steady

streams of products of labor setting to this centre, he can

not help seeing that a great city is essentially a place of

distribution, or a gateway for all the rest. Is the gateway

to take care of itself, nobody outside of it caring]whether it

thrives or withers ? The real fact is that the prosperity

of the metropolis is the concern and interest of the whole

State, and if the farmer in the interior rejoins that, sup-

posing this to be so, he is not to be called upon to vote

money for making the city prosperous, we point to the

argument just made as proving that the city asks no such

thing, but merely permission to take care of her own pros-

perity, and through that to further the prosperity of the

rural counties.

Moreover, although governmental troubles to come, do

not get much attention from the mass of people, wemust not omit to point out once more that the most burn-

ing, difBcult and tormenting problem of the day is trans-

portation, involving more which is untried and hazardous,

and capable of perhaps leading to more disturbance than

any other. The press has written at it; orators of all degrees

have wrestled with it; States have pottered over it; andthe hasty citizen now wants to unload the problem upon

^blind and clumsy giant, the Federal Government. But it

may prove too mach for him—there is great danger that

it will, if he tries it; and a trial is on all accounts to bsdeplored. Remember, therefore, that the waterways are. a.

natural and wholesome regulator, and that in voting to-

make the canals free you vote as well towards taking th»

transportation problem not only " out of politics" but outof the field altogether, by the silent operation of natural

laws, which, unlike statutes, execute themselves.

PARLIAMENT AND THE NATIONAL LEAGUE,The assembling of ParUament has furnished much les»

opportunity for speculation than in the circumstances waaexpected. Mr. Gladstone was cheerful and even buoyant.

How he " destroyed, smashed, pulverized" Lord Ran-dolph Churchill, is matter of record. His party were in

excellent spirits, as well they might be ; and there was,

and still is, every visible sign of unity. The Opposition

has hardly ever appeared to less advantage. The argu-

ment raised against the irregularity of an autumn s^qaion

revealed in a very striking manner the poverty of their

resources, and showed very clearly on which side the

political force of the day is ranged.

As the Government is but little likely to experience

much difiBculty in connection with the late affray jit

Egypt, or with the re-establishment of law and order in

that country, Ireland again threatens to stand in the fore-

ground. On the occasion of the meeting of the newNational League in Dublin, both Mr. Parnell and Mr,Davitt made it abundantly plain that they did not regard

their work as done, the latter still harping on the dispos-

session of the landlords and the former pointing to HomeRule as the ultimate of all their efforts. " The inspiration

" of all our struggles," says the address to the Irish people^

" is to transfer all local power and patronage from privi-

" leged strangers to the hands of the people, and so fortify

" the people for the work of self-government." Thesfr

words, taken in connection with the frequent utterances of

Mr. Parnell and others of the Irish leaders, leave no-

doubt as to the object of the new League. In the present

session of Parliament, however, it is not likely that the-

Irish party in the House will have much of an opportunity

either to unfold their plans or to push their purposes.

But they may have time enough to indicate their leanipgs,

So far, their action in the House has been somewhat

peculiar. It was noteworthy and suggestive that they

voted for Lord Arthur Churchill's motion denouncing an

autumn session as irregular, but took no part in the di-

vision on Mr. Gladstone's motion, which secured preced-

ence to all resolutions affecting the rules of procedure.

Now, it is notorious that Mr. Gladstone's great object in

pushing the closure is to provide a suitable remedy for

the inconvenience experienced of late years on account of

the obstructive tactics of the Irish members. Mr. Par-

nell's conduct seems at first sight inconsistent, or rather

wanting in purpose and energy ; but it is not at all im-

probable that having witnessed the unbroken phalanx

which the Government revealed on the fi^rst vote, and hav-

ing regard also to the further demands which he might

have to make in the line of reform, he deemed it unwise

to offer a uselesa opposition. It has been hinted that Mr.

Parnell's support in the matter of the closure may yet b&

secured by some Government pledges. Such is not im-

possible, but it can only bo when the Government is driven

to an absolute necessity, that any such compact will be en-

tered into. At present Mr. Gladstone is strong enough

without the Irish vote to give effect to his measures.

It is undeniable, however, that the Prime Minister is

by no means disposed to ignore Irish public sentiment. Astrong feeling exists that Judge Lawson exceeded liia

476 THE CHRONICLK [Vou XXXV.

fcuthority in imprisoning Mr. E. Dwyer Gray, and that

Buch imprisonment partook of the character of an outrage.

It was not without some good reason that Mr. Gladstone

expressed his pleasure at seeing Mr. Gray present in his

place in the House; and whatever may be the result, it

was a courteois act on his part to move the appointment

of a committee to inquire into Mr. Gray's case. Such

conduct on the part of the great Liberal leader shows a

disposition to deal fairly by Ireland and the Irish ; and if

Mr. ParneH is wise, he will not presume on this feeling by

mshing further reform schemes upon the attention of

Parliament. It is just here, however, where the point of

di£Bculty lies. Mr. Parnell is pledged, and his party is

not yet satisfied ; and under the joint influence of respon-

sibility and pressure, it is among the possibilities that

Ireland may again become a source of annoyance and

trouble as she has been in every individual session for the

last two and a half years.

Bat we cannot imagine that the British people as a

whole will much longer tolerate the devotion of the

entire machinery of the Imperial Parliament to Ireland

and the Irish people. Parliament does not exist for

Ireland alone. It owes some duty to England and

Scotland as well. Already in both kingdoms there is a

feeling of impatience ; and if Irish affairs are again

thmst on the attention of Parliament to the exclusion of

other sections of the empire, this impatience will find

emphatic expression. Mr. Gladstone is already fully

aware of this, and we are hardly permitted to doubt that

his determination to amend the rules of procedure in the

House, and to do so at once, is to prevent any such result.

Let Irish members conduct themselves like Scottish

members in the House, and the courtesy which is not in-

frequently extended to the Scotch will be extended to

them. There may be an Irish night as there now is a

Scotch night. If they cultivate peace and harmony, even

a local Parliament is not an impossibility. The idea has

many friends already. But a local Parliament is an utter

impossibility so long as Irishmen preach sedition and cul-

tivate a spirit of rebellion. It will be well for Mr. Parnell

and his future fame if he endeavors to direct Irish

thought into legitimate channels. During this last agita-

tion Ireland has owed not a little of her success to

American gold. Unless we greatly mistake, this resource

is, for the present at least, very effectually dried up. Ire-

land's trae policy for the future is a policy of peace.

Much has been done for her. Let her now do somethingfor herself.

W^auttKV^s®0mmcrctaX%UQlish SternsRATES OF EXCHANGE AT LONDON AND ON LONDON

AT LATEST DATES.

MXOBAN0M AT LOlfDON-Oct. 14.

On-

AmsterdamAmaterf'juiiHamboTK .

.

BerUnFrankfort.

.

ViennaTriesteAntwerp...Bt. Feterab'gParis...ParisGenoaHadrid....OadlsIdabonNew York.Bomoay ..

Oalootta ..

Bong Kong..Siiaoehai.

Time.

Short.3 moa.

Clieots3mo8.

eodajs

12312620-6920-7020-70

Rate.

S12-319®12-6ia®2073®20-74

-- .. 320-74:I2-7i« ®12-1012-7i» ®12-1023-57 'fla25-62io237,„a23»,e

25-27i«ai-25-3'.iisi!5-51»4a2.i-5(ii425-77>r»i;5-82i»

46 a4()ia46 9461s519iga5lMi,

Is. 713i„d.IB. 713i,d.

Oct. 11

BXOHXNGE ON LONDON.LatestDate.

Oct.Oct.Oct.Oct.Oct.Oct.Oct.Oct.Oct.Oct.l>Ot.

Oct.Oct.Oot.Oct.Oot.

Time.

Short.

SiioVt.

3 mos.

Short.

Checks3 moa.

3 moa.

Short.

SaU.

12-14ifl

20-4620-4220-4:i11-!) J11-H325-3Jlfl211?2o-202527I3

47-20

4-8IJ4l8.7*'ljd.Is. 7i»ied.8s. 9 Hid.

6s. 2i«d.

(From our own correspondent. I

LoNDOsr. Saturday, Oot. 16, 1882.The money market has again assumed an ea-iier appearance,

•od (he bast billa are now discounted freely at 4 per cent or at one

per cent below the Bank of England minimum, which remainsat 5 per cent. The disparity between the official and " out-

side" rates of discount is again productive of eriticism, and an" official" rate is being regarded more seriously. It is veryclear that when the Bank of England is known to take bills

under their published minimum, and that when the open marketrates of discount are very easy, the foreign exchanges are notmaterially affected. Five per cent may be looked upon by theaged merchants as the rate of discounts, but times have so

changed that exchange operations are naturally calculated

under present ciroumstances upon a four per cent rate, andthe higher bank rate exercises but little influence. In otherwords, so long as the rate of discount in the open market is on*per cent below the bank rate and as long as money, eiceptinif

at Paris, is dearer at the principal commercial and finanoial

centres abroad than it is here we cannot expect gold to find its

way to this market in any considerable quantity.

The autumnal drain upon us, however, does not seem to beof a very extensive character. In fact, the requirements of the

mercantile community are below the average, and it is nowregarded as almost certain that the year's trade will terminat«

in a very quiet manner, and, considering the hopes which weroheld out, will prove to be a disappointment. e Egyptianwar has undoubtedly exercised a paramount influence as noone waa able to rely upon the unforeseen. Many serious difll-

culties were likely to arise, and may still arise, but there i>

evidently sufficient flith and confidence in the future, and in aahonorable adjustment of prevailing difficulties, that beyond trade

being kept in check, it is not likely that they will exert anyinfluence. The autumn trade is disappointing because there

has been no increase in it; but we may yet hope that with animproved political situation, the future of our commerce maybe more satisfactory.

The general demand for money has been upon a very mod-erate scale i but there has been some inquiry for short loans in

connection with the Stock Exchange settlements and with somaimportant loans. The payment of the dividends has increased

the supply of funds in the market, and, in the absence of anyrevived demand, the rates of discount hare been deoliniog, andare now quoted as follows :

Bank rate ,Open-market rates

—

30 and 60 days' bills.

3 months' bills

Per cent.5

Open-market rates

—

Per etnt.4 months' hank bills 37g94>il6 months' bank bills S^g^i.H4 >& 6 moutlis' trade bills. 4>393>i

The following are the rates of interest allowed by the joiat-

stock banks and discount houses for deposits:Per eenl.

3>«3>a3%

Joint-Stock banksDiscount houses at call

Do with 7 or 14 days' uotloe

.

Annexed is a statement showing the present position of the

Bank of England, the Bank rate of discount, the price of eon-

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

dling upland cotton, of 40 mule twist, fair second quality, andthe Bankers' Clearing Souse return, compared with the threa

previous years:1882. 1881.

Circulation 26,9.51,525 26,905,8.16PubUodeposits 4,597,765 4,696,171Other deposits 23,833.181 26.010,787Qovemm't securities.Other securitiesKes've of notes& ooin.Com and bullion inboth departments..

Proportion of reserveto liabilities

Bank rateConsolsEiig. wheat, av. price.Mid. Upland cotton.

.

13,981.057 16,766,67524,402,306 21,938,5809,992,193 9,918,508

1880.

27,282,5805,315,988

28.71)4,33517.163,07017,536,46515,328,742

1879.£

28,839.7«05,077.582

3:^.676.09719,370,52817,771,74819,591,042

21,194,018 21,074,343 27,611,322 33,430,802

32-50o p. c.

101 "4

398. 6d.6»8d.lO^d.

325 p. o.

46s. 9d.

47^2isp. o.

98^41a. Od.

6\d.10>2d.

50>*2 p. e.

i8!f. 8d.6>l„d.Mia. upland cotton... e»8a. o'lsd. oua. o'Msa.

No. 40 Mule twist.... lO^d. lOHiL 10>2d. 9>«d.Clear'K-house return. 102,673,000 103,474,000 93,374,000 103,031,000

The following are the current rates for money at the leading

foreign centres:

ParisBpu.«?sels

Amsterdam

.

BerlinHamburgFiaukfort. .

.

Vienna

Bankrate.

Pr. ct.

. 31»

45

OpenMarket.Pi: ct.3J943i«

4%43i4%35t

Madrid Mid otherSpanish cities.

8t. Petersburg. .

.

GenevaOenoaCopenhagen

Bankrate.Pr.ct.

e454

OpenMarket.Fr.et.

4«fle454Hl

The silver market has bflen wanting in animation, and tke

tone has been dull, the tendency of prioes has been advenM,

but there has been no important movements. There has beea

no demand of importance for gold for export, and the arriv-

als have been small. The Indian exehange is low, and the rat*

for Council bills has been reduced to Is. 7Xd . the mpM.The following prices of ballion are from Messrs. Pixley &Abell'a oironlar

:

ocTOBBR 28, issa.j THE CHRONICLK 477

77 9 •77 10>s»73 9>9973 S>aa>76 3198

I. a.OOLD.

Bar golfl, flno pero«. utandanl.Bar gold, ooiit. 20 dwts. aUver per 01. standard.Spanish doiibloonH per 01.

South Aim'.riuaii doubloons per 01.

United SUtiw xold ooln peroz.German cold cola per oz.

giLVBa. d. d.

Bar silver, fine per oa. standard. 51 iij|,9 —Bar silver, oontaln'g 5 grs. gold per M. standard. 52ii8 a —CakesUver peroz. 55\ » ....

Mexican doUars peroz. 30>« » ....

OhUian dollars peroz « ....

QulcksUrer. B.&. Discount, 3 per oent.

TheAhbama New Orleans Texas & Paciflo Junction Railway

Company, limited, invite applications to an issue of £700,000

first debentures, being part of an authorized issue of £1,000,000.

Tlie price of issue is £94 per cent, the last instalment being

payable on the 15th of December next.

The tenders for £2,000,000 India 4 per cent debentures were

opened on Tneeday at the Bank of England. The applications

amounted to £3,949,500, at prices varying from £101 5s. 6d. to

£95. Tenders at £100 13s. will receive about 9 per cent of the

amount applied for, and those above that price will be allotted

in full.

The exports of cotton piece goods daring the last month were

as follows :

1880. 1881. 1882.Exported to— Tardt. Yards. Tardt.

Germany 3.174.500 3,029,700 2,535,400Holland 2,740.300 3,216,500 2,itr,A,'2W)France 4,.i58,300 5,014,200 3,ys3,700Portugal, Azores & Madeira. 5,12ri,200 4,245.200 3,570,600Italy 0,102,900 7,090,000 5,981,900Austrian Torritories 081,100 605.900 521,700Greece 6.811.000 5.539,000 4.2i>4,700Turkey 52.607,400 29,947,000 29.426,700Egypt 15,143,100 8,3.=;fl,00O 2,308,400WestCoastof Africa (For.).. 4,774,300 2,375,500 2,702,300United 8tat«8 4.523,300 3,513,POO 4,451,100Foreign West Indies 10,441,500 10,710,600 9,708,900Mexico 1,()06,000 7,679,300 6,340.400Central America 4,322,300 6.307,900 5,635,600United States of Colombia.. 4,507,300 5.674,800 5,041,700Brazil 22,703,700 24,999,800 23.30(i.30OUruguay 2,441,000 2,310,000 3,230 000Argentine Republic 3,802,000 7,284,900 7,230,000Chill 3,71.5.900 10,243,000 9,209,^00Peni 164.800 3,123,700 1.928, «00China and Hong Koug 36,700,700 40,113,200 31.780,000Japan 4,788,600 7,636,000 3,809,100Dutch Possessions in India.. 5,294,500 7,068,000 7,0;. 1,200PhiUppiue Islands 3,400.600 4,884,000 3,470,100Gibraltar 2,904,100 1,148,100 2,214,200Malta 4,233,500 1,767,400 2,270,300West Coast of Africa (Brit.). 2,627.300 1.5,57,300 3,102.000British North America 2,180,800 3,251,000 3,095,000British West India Islands <St

Guiana 2,999,400 3,418,700 5,230,000British Possessions in SootliAfrica 2,598,700 2,766,000 1,937,700

British India-Bombay 56,796,500 47,581,500 37.392.000Madras 9,257,500 4,894,600 7,143,700Bengal 94,734,900 85,027,200 99,<ilii,000Straits Settlements 8,637,800 10,858,300 10,386,900Ceylon 2,4^7.200 1,102,500 1,741,600

Australia 3,287,900 4,056,800 4,388,400Other countries 23,947,700 23,125,200 21,325,400

Total unbleached or bleached 280,800.300Total printed.dyedjor colored 143,903,300Total mixed inatenals, cottonpredominating 2,498,800

283,239,100116,668,100

3,930,000

257,740,300118,435,400

4,010,100

Grand total 427,201,600 403,837,200

Other manufactures of cotton show as follows.

680,186,100

1880. 1881. 1882.141,925 209.868 216,24685,326 111,171 116.536

909,574 1,391,932 1,224.41087,137 97,220 94.403

5.915,030 5,582,763 5,502,260

The following figures relate to our exports to all countriesduring the nine months ended 30th September :

Lace and patent net *Hosiery of all sorts aThread for sewing lbs.Other manufs. uneuumer'd.^Tot. value of cotton manfs.*

Ootton cwt.

Cotton cwt.Ootton yam lbs.Cotton piece goods yards. 3,Ircm and steer. tons.Jute piece goods yards.Unen yarn lbs.Uneu pli'oe goods yards.Silk manufaotures ABritish wool lbs.Colonial and foreign wool.lbs.Woolen yam lbs.Wool fabrics yarda.Worsted fabrioa yards.naimcla ytirda.Carpets yards.Blankets pairs.

The imports and exports

have been as follows:

IMPORTS.

1880.10,409.405

EXFOBTS.1880.

1,470,010154,813,600303.2U..30.13,

3.00-',4i»8129,108,20012,0^9,000

131, 101, .3001,51..,009

14,317,700182,708,55520,446,30038,308. 100

132,84h,4O03,910.4(107,632,100871,820

1881.11,487,161

1581.1,3.^0,381

188,714,700,562,312.000 3,

2,822,417118,159,80013,234,500133,803,600

1,897,6219,103,700

199,414,10320,739,60041.732.800145,903,000

5,397,4007,293,500349,240

1882.11,182,770

1882.1,851,095

178,099,800,211,365,100

3,314.313155,389,90014,091,100

139,596,3002,130,920

10,061,100202,485,35423,659,70068.320.700

118,716,0006,930.8008 961,200935,400

of gold and silver during September

GoldBilvor

Total.

1880.. «1,115,556

475.778

1881.A781,130523,184

1882.*948,211789,957

IZPOKTS.1880. 1881. 1881.

Gold £942.553 «1,496,«70 «58(,218SUver 417,995 314,228 778,162

Total *1,360,.548 $1,810,808 £1,302.380

There has been a steady demand for wheat for oonsamption dar-

ing the week, and the position of the trade is regarded as flrm}

but the quotations are low and are very nnremuneratire t«

farmers. The improvement which has recently taken plaoa,

which amounts to not more on the average than 9h. per qaart«r,

is from a very low point, and it is donbtful if any further ad-

vance, under the existing conditions of supply and demand, is

possible. The closing of the navigation of the Baltic may pos-

sibly lead to some improvement, bat the facilities of eommnniea-tion are now so great, even during the winter months, that

calculations regarding the futore are mor« than ordin«ril7

difficult.

The following are the estimated quantities of grain afloat to

the United Kingdom:AtpratHt. Lcitveek. LattMor.

Wheat qrs. 1,S7,3,000 1,863,000 1,969,000B'lour 158,000 176,000 125,000Indian com 31,600 55,500 261,000

KasUna .aarKet Kspurta—Per Cable.The daily closing quotations for securities, &o., at London,

and for breadstafifs and provisions at Liverpool, are report«d

by cable as follows for the week ending October 27:

. «1,591,332 41,309,314 «1,733,168

London.

Sliver, i>eroz d.Consols for moneyConsols for aceortntFi'eh rentPJf (in Parts) fr.

0. S. Ssext'n'd into3>9SU. .S. 4i«8 of 1891U.S. 48 of 1907Krle, common stock....,Illinois Central ,

PennsylvaniaPhiladelphia& HeadingNew York Central ,

Sai.

5178101!*8lOl"*81-25103>4no's121^43^152%

31»8136>fl

Uon. Tut*. Wed. Tiurt. FH.

51TelOmis101i3,e81-15103 "aI16>s12l>«43 >4

152>«6631"i«130<^ I

51%]0Hi,glOHSie

103%116122>s42 19152%65%sm

135'g

5111101I»ii10280 65103%1J6122 >«43I4153 >4

63%31^137

51»81021021880-52's103116122%42%151%«5%31>«

136<fl

Sia*103102•8052>t10411612343*4

15.)>460 If

31'f138

Liverpool.

nour (e.x. State.. 100 lb.

Wheat, No. 1, wh. "

Spring, No. 2... "

Winter. West., n "

Cal. white "Corn, mix.. West- "Pork, West. mess.. ip bblBacon, long clear, new..Beef, [ir. mess, new.^tc.Lard, prime West. ^ cwt.Cheese. A!n. choice, new

Sal.

». d.12 6898 69 47 497

89 '

()3

38

Uon. Tut*.

t. d.12 68 998 6

890358 6

*. d.

12 68 9

896258 6

Wed.

8962 653 6

Thurr. Fri.

t. d.128 998 59 47 6

97

89" 662 O)8 6

8 89

8002 339 O

National Banes.—The following national banks have lately

been organized

:

2,798.—The <}neen City National Bank of Ciuoinnati, Ohio. Capital,$230,000. Johu Ooahuowar, President; Samuel W. Biuap^

2,799.—The t-imt National Bank of Braddoob, Pennsylvania. (Tapltal,$'^0,000. Philander U. Knox, President; ,Bobert A. BtiU,Cashier.

2,800.—The First Naflonal Bank of Anoka, Minnesota. Capital,$50,100. H. L. Tloknor, Preaident ; P. F. Pratt, Cashier.

2,801.—The Colorado National Bank, Coloiado, Texas. Capital,$50,0(i0. A. W. Dunn, Prestent; W. F. Hendrlx, Cashier.

2,802,—The Oalnesvillo National Bank, (iaiursvllle, Texas. Capital,$130,000. James M. Undsay, President; C. C. Hemming,Cashier.

2,803.—The Bozeman National Bank. Bozeman, Montana Territory,Capital, $50,000. Emory Cobb, Pi-esidenl; D. F. Bbermaa.Cashier.

2,304.—The City National Bank of La "aHe. Illinois. Capital. $10(>,00aHenry D. Browir, President; William C. Brown, Cashier.

2,805.—The First National Bunk of Simkane Falls, W.iBhingtoa Terri-tory. Capital. $50,0(X). Frank K. Moore, president; UoraooL. cutter. Cashier.

Imports and Exports for ths Wbbk.—^The Imports of last

week, compared with those of the preceding week, show ft

a decrease in dry goods and an increase in general merchandise.

The total imports were ij;iO,188,767, against 18,916,718 the pre-

ceding week and $8,181,79H two weeks previous. The exports

for the week ended Oct. 24 amounted to 98,086,939, against

$6,103,988 last week and $6,592,524 two weeks previoas. Thefollowing are the imports at New York for the week endin|{

(for dry goods) Oat. 19, and for the week ending (for general

merchandise) Oct. 20; also totals since the beginning of first

week in January

:

FOKBION IMPORTS AT ir«W TORE.

For Week.

Dry goodsOea'lmer'dlse.

Total.Since Jan. 1.

Dry goodsQeu'rmer'dise..

Total 42 weeks $261,219,708

1879. 1880.

*1,776,S«48,021,423

$1,837,2887,502,377

$7,798,317

«77,67«,(180136,572,888

$9,339,665

n08.688,567291.779,630

1881.

t,2,2g9,2,')47,915,318

$10,214,562

!f9 1,172,37,'!

263,267.69675$

*3nS.4.'>8.1 m7 *35r.7l'1,^7l

1882.

$2,223.<IM7,060.147

$10,188,707

niS,35M44297,733,941

t.f\n r>c- (195

478 THE CHRONICLE. IVol. XXXV,

In our report of the dry goods trade will be found the imports

•f dry groods for one week later.

The following is a statement of the exports (exclusive of

.apecle) from the port of New York to foreign ports for the

~|f«ek ending October 24, and from January 1 to date :

EXPORTS FKOM NEW TORK FOB THB WBEK.

For the week...,KTev. reported.

.

'7ot»14uwee1n

1879.

$7,910,906274,365,064

$282,275,970

IHSO.

$8,324,715327,590,252

1881.

$6,590,674304,981,068

t33D.9l4,967i*311,571.742

1882.

$8,086,939268,261,330

$276,348,269

The following table shows the exports and imports of specie

•t the port of New York for the week ending Oct. 31, aad

dace Jan. 1, 1882 :

BXPOBTg AMD IMPOBTS OF SPSCIB AT WBW TORK.

Gold.Expori$. ImporU.

Week. Sitiee Jan.l. Week. Since Jan.X.

Great B ritain . ...... $

• 20,606

$29,652,1922,526.1.50

83.1606.088

257,6501,297,894

$

8,888108,50011,721

$106,498France 401

232West Indies 1,161,390MexicoSouth America

206,169306. '.'4.5

All other coautries 30.2 47

Tei«l 1<*82 $20,0001.0001,100

$33.82.1,234422.441

2.164,123

$129,1102,477,9606.165.321

$1,811,182Total 1881 4y. 95(1.827Total 1880 42,168,395

Silver.$94,76345,000

$7,4.i9,20a1,071,3.50216.50017,174

813'655

f

"9385.5437,092

$26,279France ... .. ..... l,2<_-8

derwan 128.004Westlnil 8 999,742

824.766Bohtb America 113,451Ail otliercountries 27,240

Total 1882 $139,763179,437316,707

$9,577,8798,710.6194,622,343

$13,57357,91373,2-27

$2,120,695Total 1881 2,296,826Total 1880 4.140.041

Of the above imports for the week in 1882, |103,352 were

American gold coin and $2,846 American silver coin. Of the

exports for the same time, $20,000 were American gold coin.

Norfolk & Western.—The following is a statemeat of earnings

and expenses for September and for the nine months. Sept. , ^Jan. 1 to Sept. 30.^1882. 1881. 1882. 18S1.

Gross cinnuRS $-232,774 .^221,437 $1,671,429 $1,586,065Expenses...; 112,605 07,529 946,437 845,925

Net eaminss $120,108 $123,908 $721,991 $740,139

New York Stock Excliange New Securities.—The (Jovern-

ing Committee of the Stock Exchange has listed the following

new securities :

Chicago & NoRTHwasxtaix Kailway.—Additional sinking fund 5

; per cent bonds of 1879, Nos. 3,506 to 5,335, inclusive, amounting to

:$1,830,000, and rcpresouting the following newly completed roads

:

Toledo & Northwestern Railwa.v, 69 miles; Dakota Central Railway, 27miles; and Menominee River kailroad, 26 miles; making a total of 1-22

miles. These bonds are the direct obligation of the company, with thefurther security of a like amount of the first mortgage bonds of the

,completed railroads deposited with the Farmers' Loan & Trust Com-pany.EsoiNADA <fe Lake Sdpbbior Railway.—First mortgage bonds,

dated July 1, 1881, payable in 1901, bearing 6 per ceni interest, $720,-000, numbered from 1 to 720, inclusive. They are a first lien upon 36miles of completed road, a branch of the Chic. & North, system couuect-Ing the iron mines of Felcb Mountain with the main line to liscanaba.The issue is at $20,000 per mile, and principal and interest are guaran-teed by the Chicago &. Northwestern Company, a part of whose flue the.road now is.

tcniUug from Des Moines, northwardly to Calanan, Iowa, wUich railroadwas onj.']iially a narrow-gauge line, with $406,000 of flrat mortgage 7perceutbunds. issued July 1, 1879, outstanding upon the same. Thetrack has since been widened to standard gauge, with steel rails, and$400,000 of the present issue of bonds have been used to take up thelormer issue of $106,000 bonds of July 1, 1879, all of which aie nowcanceled.East TuNNBesuE Virginia & Georgia Railroad.—Additional first

mortgage consofldated 5 per cent bonds, Nos. 10,992 to 14,491, inclu-

»o'?V.A'*^'A??"" "'^ ^°'"® Atlanta & Macon Division, 178 miles,

|fo,<>UU>UOO.IJKNVKit & Rio Grande Railway.—Additional first consolidated

mortgage 7 per cent bonds, Nos. 12,393 to 13,412, on 63 miles of newroad. .$1 ,020,000.Ndrtiikrs Pacific RAiLROAD.-Addlttonal first mortgage railroad

and .and urant smking fund g»ld bonds, bearing 6 per cent, and payablenoATr^; ^,"1, ^""^^ '!.' aivW7. inclusive, $11,987,000. Since the $-20,-000,000 of these bonds already issued were placed on the list, 479'a^,^ ! PS?/;;?!! SfX® '>«•;»,com plftcd, entitling the company to issuea total of $31 ,987,510. Of this amount $6,481,000 are held by the Cen-Ual Trust Company for the redemption of divisional bcmds.

ai^^Vw?'.'-'^,^Hocking Vai.lky i Toledo RAiLWAV.-Capltal stock.

J10..no,600, and first consolidated mortgage boi.ds, $14,500,000, of^.yhich amount $6,500,000 are held bj the trustee for retiremeut of anequal Firioimt of divisional bonds. Tliese bonds are secured by a cousoli-.aateU mortgage upcm the entire railway property, and by the first|imd only moilgage upon Its coal laud s and all oUier propi-fty It may£? i''Sj^''.'**""V"'''-< T'"'^^"* '•'"«'' September 1, 1881, and are payable

^ijn IVJl, btarUig interest at 5 per cent. The company operates 322

miles of road of standard gange. During the year 1981 it earned$2,519,794, and Its operating expenses were 5'2'75 percent, $1,329,137,leaving net eaniingj* .$1,190,657. Its total fixed clui.rgcs amounted to$656,874, leaving a surplus (expended on iiuprovemeuts) of $5S3.733.It lias earned during the eight months ended August 31 $1,^03.744,being an increase over the corresponding period in 18il of $340,359.It .-laiins to have no floating debt.Mexican Central Railway.— First mortgage dato<l .July 1, 1881,

bearing 7 per cent, interest and maturing in 1911. Nos. 1 to 16.704inclusive, issued at the rate ot $32,000 per mile on 522 miles of line,

$16,704,(00.

—The syndicate which last year purchased controllicg In-

terests in the Buffalo Pittsburg & Western and the BuffaloNew York & Philadelphia Railroad Companies, subsequentlyacquiring also the New Castle & Franklin and the New Castle

Plain Grove & Butler Railroad charters, are preparinjr for theconsolidation of all these interests under one corporate manage-ment. The New Castle & Franklin, now th« Oil City & Chicagoroad, has secured a link connecting it with the Buffalo Pitts-

burg & Western's main line at Oil City by obtaining the nse ofthe Lake Shore's Franklin branch. It is proposed to extendthe Oil City & Chicago road into the rich coal fields of ButlerCounty under the New Castle Plain Grove & Butler charter bybuilding about thirty miles of new track; to connect the Sala-

manca terminus of the Buffalo Pitt.sburg & Western with theBuffalo New York & Philadelphia by building twenty-onemiles of track from Salamanca and Olean; and to complete theRochester extension of the line now reaching Salamanca. Forthese purposes the syndicate announces that after the consolida-

tion of the Oil City & Chicago with the Buffalo Pittsburg &Western, 9,600 common and 6,400 preferred .shares of the newcompany will be issued, par value $50 each; also 3,600 commottand 2,400 preferred shares of the Olean & Salamauca RailroadCompany, par value $100 each; and $1,600,0)0 first mortgagesixes of the BuffaloPittsburg &Western acid $1,200,000 first mort-gage sixes of the Buffalo New York & Philadelphia. Stock-holders of either company can subscribe for these securities tothe extent of 25 per cent of the par value of their presentholdings, receiving for each $1,000 paid a $1,000 bond, $300 incommon and $200 in preferred stock of the new issues respec-

tively. Attention is directed to the advertisement on anotherpage, which shows quite fully the details of the proposednegotiations.

—The card of the Metropolitan Tru.st Co , No. 17 NassauStreet, appears in the advertising columns of the Chronicslk

to-day. This corporation wa-s started nearly a j'ear ago, andhas met with a succe.ss which is said to be most gratifying to

its managers and friends. Mr. Thomas Hillhouse, for man^years Assistant Treasurer of the United States in this city, is

"the President, and Mr. Walter J. Brittin is Secretary. Theb' lard of 22 trustees embraces the names of Joseph W. DrexeUC. P. Huntington, Morris K. Jesup, E. D. Morgan, D. O. MillB,

Hugh J. Jewett and Frederick D. Tappen.

—Messrs. E. H. Denslow, D. A. Easton, H. H. Herts and S H.Nichols have recently formed a co-partnership under the style

of Denslow, Ea.ston & Herts at 15 Broad Street, for the purposeof transacting a general banking business. The gentlemen arewell acquainted with the business in all its branches, Mr.Easton especially having lar^e experience in miscellaneous

securities. The card appears this week in both the Chboniclband Investors' Supplement.

—Parties desiring to open accounts in stock operations with areliable house will do well to notice the card of Mr. LansdaleBoardman on the first page of the Chkoniolb. Mr. Boardmaais a member of the Stock Exchange and has his New York office

directly opposite the Exchange. He also has a house in Troy,and the two offices are connected by private wire, so that ordersmay be executed at either place with the utmost despatch andwith satisfaction to his customers.

—The card of Messrs. Pollock & Bixby is in this issue of theCheoniclb. This firm has just been organized, and Mr. Pollockbeing a member of the New York Stock Exchange will repre-sent the firm at the Board, while Mr. Bixby, formerljr withMessrs. Fisk & Hatch, has had a thorough experience in thebanking business. The firm have fine offices at 25 NassauStreet.

—The attention of those who buy bills of exchange or desireletters of credit on the principal cities of Mexico is called to thecard of Messrs. J.W.Wilson & Co. of this city, who state that theyare the first to make a specialty of this line of foreign exchangein this city.

Auction Sales.—The following were sold at auction byMessrs. Adrian H. Muller & Son:

Sfiares.1 Brooklyn Art Ass'n.-for $55

25 Penn. Coal Co. ...273 ex. div.2 Met. Gas-L. Co. of Bk'n 66 14

60 Cit. Gas-L. Co. of Bk'n. 67^ISOStuyvcsant F. Ins. Co.. 125

1 Mechanic's B'king Ass. 106100 N. Y. Gas-Ught Co. (ex-

div.) 113»2S113234 Harlem Gas-L. Co ..9ti®98\40 U. 8. Trust Co 4365 Bank of America 160

3 00 MecUanlcs' Nat. Bank.loOifl165Phcnix Nat. Bank 10150 Clinton Fire Ins. Co ...11020 Relief Fire Ins. Co 6690 Pacific Fire Ins. Co. ...17120 Merehauts' Ins. Co lea's10 Sixth Ave. BR. Co 24824 Bank of Commerce 15020 Standard Fire Ins. Co.. lOoifl5 Irving Ins. Co 55"*

Shares.20 Am. Mag. Flee. Lt. Co. for $510 U. S. Life lus. Co 1156 B'klyn El. RR. Co. Cen.Trust Co. Cer 13

Bonds.$9,000 Ate. & Pike's Peak R.

R. (Cen. Br. U. P.) l8t6,due 1895 lOSSlOS^a

$25,000 Shan. V. RR., Ist 7,

due 1909 105$2,000 City of Ind. 73io, Ser.

A,due 18!i3 11&$1,000 St. Louis City 6 Park

Bond, due 190.i.. . 11 aimife tut.$1,000 Quincy City (City and

Co. debt), 6 bond, due1335, lOO&int

$2,000 B'kyu El. RR. Istm.bds.(Cen. I'st. Co. Cer.)assessment paid 3SH

.^

i

OCTOBEB 28, 1882.) THE CHRONICLE. 479

DIVIUBNOiltTbefollowtnzdlvldflnds have reoeatly been aiinoanoed:

yame of Company.

Kallroads.BoBton & ProvidoncoConcordN.Y. Prov.A BoBt.(Stou'ton),quar.

Hauhs.American KxcUaiige NatFulton NatNat. Bank State of N. YNational ( ifyPacltlc (quar.)Union Nat

Percent.

$152

3^3>2452I95

WKenPayable.

Nov.Nov.Nov.

Nov.NovNov.Nov.Nov.Nov.

Books Oloted.(Dayi inclusive.)

Oct. 24 toOct. 22 toNov. 1 to Nov. 11

Oft. 26 to Nov. nOct. 19 to Nov. 1Oct. 31 to Nov. 11Oct. 25 to Oct. 31

Oct. 23 to Oct. 31

NEW YORK. FRIDAY, OCT. 27, 1882-5 P. M.

The Money Market and Financial Sitnatiou.—We have

had this week in railroad negotiations wliat physicians migiit

call a flrst-class operation. A railroad 530 miles in Iength>

covering the most prominent route in the country, and capi-

talized for $69,000,000, has changed ownership by private

negotiation. The celebrated wit, when he saw a quarrel

between two men, instead of asking what it was about wasaccustomed merely to say, " who is she ?" assuming that there

was always a woman in the case. And now wlien a heavytransaction in railroad matters is reported the street simply

asks, " wiiich is it ?" In the case of Hannibal & St. Joseph it

was Gould, and now it is said to be Vanderbilt.

It is not necessary here to go into all the particulars of the

transfer, which are given at length in all the daily newspapers

well as in the Chronicle; but granting that Mr. Vander-Dilt has purchased with others the control of the " nickel-

plated" road, we must suppose that he has considered it neces-

sary to do this in order to protect his other roads betweenBuffalo and Chicago lying to the north of it. Tlie cost of the

New York Chicago & St. Louis has been pretty well madeknown to the world, and it was probably not over $18,000,000,

exclusive of eqiiipment, so the suggestion will possibly come upin the mind of some inquisitive and enterprising railroad cap-

italist, whether any better enterprise could now be found thanthe construction of another railroad from Chicago to Butlalo,

located between the Lake Shore and the "nickel-plated," not to

be operated for its earnings, but only " to sell."

Tlie sale of this chief road of the Seney management, how-•ever, has another aspect of great interest. It marks the first

grand and successful disposition of a property organized andcarried through under what may be termed the Seney methodof financiering. "With the boom which set in after theresumption of specie payments on Jan. 1, 1879. while otherrailroad men were pursuing the old and beaten paths of

railroad construction with nothing more novel or profit-

able to help them than the Construction Company (though,

Allah be praised, that seemed to be profitable enough), Mr.

Seney invented or thought out a new method. Tliis methodwas based on tlie discovery that no stock, however large its

issue, or however vague its prospects short of absolute in-

solvency, would often sell below 10 at the Stock Exchange,with any kind of speculative support behind it. Then said

Mr. Seney, let us create new railroads and issue enough stocks

to make large profits if they sell at 10—8—6—anything per cent.

And it was done. New York Chicago & St. Louis was Droughtout with a stock of $.50,000,000: Ohio Central has $12,000,000out and $20,000,000 authorized ; East Tennessee Virginia &Georgia has $44,000,000 ; Peoria Decatur & Evansville has$8,400,000, and so on. A new method was introduced for rail-road finan ciering, and one which precluded the idea of anywatering in the future.The money market has been quite easy, with call loans

quoted at 4(rt6 per cent on stocks and 3@4 per cent on govern-ment bonds. Prime commercial paper now sells readily atC(g6>^ per cent.

Tlie New York City Clearing-House banks in their statementof Oct. 21 slrowed an increase in surplus reserve of $938,3.')0,the total being $2,788,750, against $1,855,400 the previous week.

Tlie following table shows the changes from the previousweek and a comparison with the two preceding years:

Loans and dis.SpecieCtroulatlon...Net depostt8 .

Legal tendnra.

Legal reserve.Beserve held.

Surplus..

1882.Oct. 21.

Di^er'nces fr'mprcBwus week.

1881.Oct. 22.

IJiSO.Oct. 23.

$310.29S.20U Dec..T!l,70l,200 $311,310,500 $317.04,1,3305:J.71.">.100 Inc. 1,508.000 5-i.3.5>),400 65,(;i3,900lW,7(>:t.l()OIIno. 17.400 lO.SlilOOO 18,700.600

28r).0.»6.20UiDeo. 1,075.000 28(i.643.S0O 300,.831.00020,317,7001 Dec. 994,000 13,208,700 13,159,300

$71,74

274,0.50 Deo.062 800|luo.

$418.7501514.600

$71 660.82573.568,100

$2,788,750 luc . $933,350| $1.907,275

$75,207,75078,773,200

$3.563,450

The Bank of England weekly statement on Thursday showeda decrease of £l»;i,000 in bullion for the week, and the percent-age of reserve to liabilities wm 86 7-16, against 35 11-16 lastweek; the discount rate remains at 5 per cent. The Bank ofFrance lost 6,650.000 francs gold and 6,a50,000 francs sUver.

Exchange.—The supply of cotton bills is now expected tobe much larger, and at present quotations sterling exchangeis not very firm. A good steady market at the Stock Excliangewould probably increase foreign buying of securities veryquickly. To-dav on actual business, prime bankers' 60 dayssterling bills sold at 4 81J^(34 81 J4 and demand bills at 4 8">"?if(S4 86, with cable transfers 4 86?i@4 87. Tlie market forContinental exchange is dull and firm. The actual rates areas follows: Francs 5 22)4 and 5 IS'!^;; Marks, 9438@94K and95K@»5U; and Guilders, iVi^mO.New York Excliange was quoted to-day as follows at the

places named : Savaimah, buying }4, selling K to pardis.;New Orleans com., 400 dis.; bank, par.; St. K)uis, 25dis.;Chicago, 25@50 dis.; Boston, par® 18 uis.

Quotations for foreign exchange are as follows, the highestprices being the posted rates of leading bankers:

Oct. 27. Sixty Days. Demand.

Prime bankers' sterling bills on London.Prime coiunioroial

4 81<«94 82ia4 80iii94 814 80 «4 80^3 23Jea5 21>439iSga 40943^4 94%

4 83^94 861s4 84Vi94 854 84 «4 84l95 I9%a5 le'a40 9 40!%93>4« 95<^

Paris (frail ch) -....,,....^msterdaiH (guilders)Frankfort or firemen (relohraarlcsl

The following are qaotations in gold for varioas coins:

«$4 86« 3 87® 4 77® 4 00alo 70«15 65

Silver H» and »s8. — 99^3 par.Five franca — 93 » — 95Moxicac dollars.. — 88 a — SSJflDo micoiumerc'l. — 85 ® — y?English silver .... 4 75 » 4 83Pnis. silv. thalers. — 68 » — 7tia

Coins.-

BoverelgnS $4 82Napolaons 3 83X X Reiclimai*8. 4 73X Guilders *3 96Bpan'b Doubloons. 15 55Mex. Doubloons.. 15 45Finesilver bars .. 1 \2\i! 1 1314Fine gold bars pariti«prem.Dimes & ^ dimes. — 99!«a) par

United States Bonds.—Government three per cent bondshave been in good demand from banks and others havingcalled bonds to replace, and prices have consecjuently beenstrong. The 4 per cents, though not specially m demand,have shared to some extent in the firmness.The closing prices at the N. Y. Board have been as follows:

U. a. trade dollars— 99Ha> — 99'*U. S. silver dollars — 99% a par

58. continued at 313..4««8, 1891 reg.419s, 1891 coup.4s, 1907 reg.4s. 1907 oonp,38, option U. 8 reg,68, our'cy, 1895-.reg.8b, cnr'cy. 1806. .reg.6s, our'cy, lS97..reg.68,our'oy, 1898., reg.68.onr'cT. 1899. .ree.

Interest Oct. Oct.

Periods. 21. 23

Q.-Feb. •10139l'10i:<8

< .-.Mar. '113%i*113i8C ,-Mai-. *1131« •11318( .-Jan. 119,\ 119=8C .-,lan. '119iSB 119=8(..-Feb. •IO2I4 10214,1, &. J. •129 Ti!'J. A J. •130 •130J. * J. •130>3 •131J. A J. •1 ;i2 132J. A .1. -133 •133

Oct.

24.

•101%!'•113 -

-113•iigifll'•ligial'•102

14I'

•1291s"130 !«'

13113

'

13-2ia''

Oct. Oct.

25. 26.

•101 »8 •101»8*•113 •113 "

113 •113*119>« •II9I8 '

•1191s •119»si^•10238 "10238 '

•129 •12H'al*•130 •13013;*•130 •ISlio*•131 •132 '

•132 •134

Oct.27.

loT%1!3>«1131811B5911958102 ifl

1291301301311341a

•This is the price bid at the mormng board: no sate was made.

State and Railroad Bonds.—State bonds have sold onlymoderately at the Board, and Tennessees new were at 49 andcompromise bonds at 56}^.

Railroad bonds have been quite active in those Issues of a spec-ulative or uncertain value, as distinguished from the investmentbonds. It is unnecessary to remark upon the fluctuations of tho^numerous issues, but the latest quotations to-day or duringthe week are given on another page.

Railroad and Miscellaneous Stocks.—There has been moreanimation in stocks tliis week, and after a somewhat irregujar

and variable tone up to Thursday the whole market wassharply braced up by the "nickel-plate" transaction. Therehad been a tendency towards improvement, and it was evidentthat during the past ten days many of the bears had coveredand the bull interest in stocks was much more general, in spite

of the periodical weakness in the Gould specialties and a fewothers. Then came the announcement on Thursday that thecontrol of the New York Chicago & St. Louis line had beenacquired by the Vanderbilt interest, thus destroying tha.

expected competition with Lake Shore, Michigan Central,

'

&c., and this was sufficient to give the whole market a strongiupward turn. To-day it was denied from Chicago that the NewYork Chicago & St. Louis had been sold out, but good authority!;

here said tliat 100,000 shares of common and 100,000 shares ofpreferred had been transferred to Mr. J. H. Devereux and hiS"-'

associates (representing Mr. Vanderbilt) at the prices of 17 and37 respectively, and this amount being $20,000,000 out of theentire $50,000,000 stock, would give control to the purchaserswith such stocks as they had already taken in the openmarket.Aside from the above transaction and the results arising

therefrom there has been no occurrence of special interest

bearing upon the actual value of stocks. The railroad earn-

ings are large, and the cotton movement, whiclv has nowcommenced on a large scale, is exjjected to have a good effect

on Southern roads. As to wheat, the tonnage brought for-

ward must depend to some extent on the prices ruling here-after. There was a collapse in the Alleghany Central stock,

but as it was one of the recent debutantes held by a few parties

it had no general significance.

To-day, after the boom of the morning, there was someslight reaction, and prices at the close were off from the besfr-

point reached.

480 THE CHRONICLE. I Vol XXXV.

RANQE IN" PRL0B3 AT THE N. Y. SPOOK EXCHANQB FOR THE WEEK, AND SINCE JAN. I, 1882.

STOCKS.DAILY HIQHB8T AND LOWKST PRICES.

Siitnrday,Oct. 21.

K*1MI«ADS.Allegany Oentrifcl ;-•••

AtohiBon Topeka A BKiU Fe.-

Boston * N. V. Alr-LUie, prel.

BDTUnfcton Ceilar Rap. * No..0»n»da SoiitliemCeflar Falls* MinnesotaCentral IowaCentra) of New JereeyCentral I'acllic

Chesapeake & Ohiol>o letpret—De aa pre'

OtalcagoA AltonOhloaKO Burlington A (Jalnoy.

Chicago MUwankee * St. PanIDo pre'

Chicago <fr Northwestern ......

Do pref..

Chicago Book Isl. A PaoiMc...

Chicago Bt. li. * New OrleansChicago St. Paul Minn. A Om

Do ^^, pret

Cincinnati Sandneky A Clev...

CleTClanrt Col. Cln. A Iml...Cleyelanil A Plttsbarg gn-ir

Columbia A areenvllle.pret...Colnmbne C'lilc. A Ind. CentralDelaware Lackawanna A WestDenver A Itlo GrandeDobngoe A slonxClty—,

—

East Tennessee Va. A Ga— ..

Do pret.

Bransvllle A Terre Hante—Fort Worth & Denver City ...

.

Qreeu Bay win. A St. Paul...Hannibal A St. Joseph

Do pref....

Bonston A Texas CentralIllinois (.'ential

Indiana Uloftu'n A West., newLake lirle A WesternLake HlioreLong IslandLonlBTlUe A NaslivilleLouisville New Albany A ChicManhattan —

DC Istpref...Manhattan Beach CoMarietta A Clnoiunat.l.let pret.

Do 2d prefMemphis A Cha liestonMetropolitan Elevatedttli/higau CentralMilwaukee L. Hli.A West., pretMluueajiolls A St. Louis

Do pref..Missouri liansas A TexasMissouri pacificMobile A OhioMorris A KsseiNashville Chattanooga A St.L,

New York Central A Hudson .

Mew York ChU. A Bt. Louis...Do preJ.

New York ElevatedNew York Lake Krie A West

Do pret.

Hew York A New England. . .

.

New York iSew HaveuA Hart.New York Ontario AWesiem.Norfolk A Westera

Do pretHorthem Pacific

Do prefOhio CentralOhio A Mississippi

Do prelOhio SouthernOregon A TYaus.Contiuental.Panama, Trust Co. oertltlcatesPeoria Decatur A EvansvtUe..Philadelphia A KeadingFittsburg Ft. Wayne A Cliio...

Blob.A Allegli.,8rck trust otIs.

Biohmood A DanvilleBiohmond A West PoiutBooheeter A PittsburgBome Walertown A Ogdensb.Bt. LoolsAllon A Terre Haute

Do pret.

Bt, Louis A San FranciscoDo pref . .

Do 1st prelBt.Paul A Dnlnth

Do prefBt. Paul Minneap. A ManitobaTexas A PaciticToledo Delpiios A Burlington .

Union PaoillcWabash St. Louis A Pacific ...

Do pref,niisi;Ki.i.ANEOiis.

American rHwtrict l*ele»rraph .

Aiaerloan Tel. A Gable CoColorado Cual A IronDelaware A iiudsoQ CanalMmtnal V nlon TelegraphOregon Itaiiway A Nav. CoFacUic MaUPollman Palace CarWest. I' nlon TeL, ex-cei'tltic's.

Batro TunnelKXPRESb.

AdamsAmericanUnited StatesWells, Fargo A CoCOAL AND niMNU.

Oonsolidation CoalBomeetake MiningI/lttle Pittsburg MiningMariposa Laud A MiningMaryland CoalOntario Silver MiningPennsylvania CoalQnicksilver Mining

Do prefBtaadard Consol. MmingCameron CoalCentral Arizona MiningDeadwood MiningBxoelslor MiningNew Central CoalBobmaou MiningBUvorCllff MimngS ftrnifint MiTiinK

26 26 S)

80<« 80 >a•8067 671^

Monday,Oct. 23.

2S7s 26

80 80

66 >« 67 >4

73« 73 'g90»8 00»4••251, 26 i«

'37 « 39*26=i4 28 "s

142 142ISl-niai'iice's 1 10 's

125 I'iS'jU5>4 U6163 1B413354 1333«•80 8148^4 40 >8

107ijl07'35Ul-> 60 'eeS^ 83^4

•9 934187 ISSig52^ 63 >4

91 91>4S't 9>4

•IS-a llihi

72 73>aBO'S 90»8'2514 2(5 '4•37 38>!i•26I4 27 "a

142^ 142»s131 » 131'4109 1U9'4125>el25ie144>4l45i4161 Hi 1621a13212 133^80 8047% 49

IOSI4 1067s

Tuesday, Wednesday, Thursday,Oct. 24. Oct. 25. Oct. 26.

13 25'e

79 's 70 's

65»4 67»4

7118 721a90'8 91233, 3534'36 <s 381a•26 14 27 =<

•I4II3131 131 H,

109 llOH126iel'3.">'s144 143 %!163 163133 133

lie4 1&

67 >a 69

72 14

901a23>a371a-20 14

73 "s91231a37 "a2734

15 15

•80 ...

68»« 701a

831a 8313

42 14

•43 5280 808U 82 la

148 14941''8 41'(34 34

Ill's 112'6X60 61ej°e 66i«

•41•80•18

468620

•80 86100i>8l0i:4•60 "a 511a31 31 Hi72 72\34% 35<>ii

105'a IO6I4•20 22

52 Hi 62 'a132% 133 14

14 I4I429% 3OI4

'100 11041% 42

913618 1371461% 62 Hi

•91•914 9H,

•15Hl I8I481 83

•43 52•78 8082 82148% 14941 4133H» 33Hi

IIII4II260 6055•87•40•8619

5673

8819

141HiUlia131% 13-214

10!) Hi 110%120 127141% I'loia163 14 1631a132 Hi 133Hi

47 Hi 48%1106% 10714'68 59 Hi

82% 82%139

9ie 9%136% 137%61 H: 52%881a 88 Hi

9Hi 9Hi•15Hi I6H1

52•43'7881 81147Hll48Hi40'8 41%33 34110% 112%60 6055% 55%

4587•18

478720

•82 88100% 101%50 50 Hi

30% 3171% 71%84% 35%104%105Hl•20 22125 12551% 52%

132 132H114 14%29 29

1

•100 11040% 41%8S 85%

•81 90100% 102%•50 5130% 3172 7234% 35%104% 106•19 22

•124 12.551 62132% -.3314% 15%29% 311a100 10740% 4284% 86%

183 183 •18027% 27%| 27

66% 56%44% 45%92% 93^816% 16%38 38

15% 15%86 86 Hi

27% 27%61% 61%137% 138

78% 8235% 36%23 23%

4281•3757•9735

4281406798%35

158% 159%39% 41%

106% 10731% 32%59% 60%

73% 73%40% 40%113% 113%

156 15639 39 Hi

129%129%87% 87%

135 140•94% 95•87 68%130 132

•aa 24

•S% 10%•40 444% S

27%

56% 56%41% 44%92% 92%16 16%37% 38

86% 86167•2760% 61%

138 138

73 7533 3322% 22%

42 4280 8037% 37%•57 59%95 93•31% 35

156% 156%40 41%

103% 106%30 32%56% 59%

72 72%

113% US%82 23%

•38% 39%129 13086% 87%

-136 140•94 93•63 68

•130 132

•28. 35

*17 19

8% 10«40 ....

5 6%

«16 19

48 14 49107% 10869% 59%83 83%

33 3372% 73%90% 9125% 23%39 39•26% 27a4•141 ...

131% 133%109% 110%127 129145% 146%163% 164%132% 133•78 8148% 30107% 108%

•82% 83%'139 ...

9% 9% 9 9%137% 133% 137% 138%50% 62%91 919% 9%

•80

5060•80•82 87148 148%40% 41%

112% 113%•59 6153% 66%73% 7460 50«86 88•18 20

60 62•81 80102% 103%50% 60i._

31% 31%•72 73SoH 36%103% 106%•19 22124% 124%51 14 52%132% 133%15% 16%30% 33%

> 10641% 42%86 86%

183% 183%26% 87%

56% 574414 45%92% 93%15% 1637% 37%

878616727% 27%60% 62

76 7635 35%22% 22%

•408338•57•96

4383%385898%

34% 36•92 93%166 136%40% 48 14

106% 107%29% 32%65% 57%

113 113%22 14 24

•38% 39'.j

128 1'28

86% 88

140 14093% 93%

66•129 131

•28 ....

•8 10

184 18487 87%

56% 57%4514 45%92%16%37%

93%16%37%

86% 87

28 28''t81% 61%138% 138%

74% 74%35% 35%22% 23

•43 4484 84-38 39•58% 69•97% 9834% 34%

15B%la6%41% 42%

107 107%31% 32%57% 58%

72 7240 40113%11424 24%

38% 39

Friday,Oct. 27.

79 79%

70% 72

33 3372% 74%91% 91%•25% 26•37 38%26% 26%142 ...

132% 133%109% 111%12(i% 129145 146%163% 164%132 133%

4914 51%107% 109

85 86%

i0% .M%>90% 939 a 9'(

39% 39%

•43•81

5282

148% 148%41% 41%33 36 %112% 113%60 6065% 35%•72 7448 49•83% 90

•86 89102% 103%'60 5731% 32%72 7335 33%105% 106%•19 22124 12551% 51%132% 133%16% 17%33% 36%

' 10641% 4286% 86%

9% 9%136% 138%31% 52%•90 9210% 11%17% 19

38% 391

82 8281 82147% 14841% 41%33% 36%114 116%

64% 36%

47% 48%•86 9018% 18%

Sales ofthe Week,Shares.

52% 63•83 90102% 104•51 ....

31% 32%72 72%3j% 36%106 106%•20 22

51 62%134 134%16% I--35% 37%

' 10641% 42%86% 86%

27 2720% 20%67% 5845% 40%92% 93%16% 1737% SS\

86%

184 18427% 27%

57% 38%46% 4793% 94%17 17%37% 38%

28%61%13718%"35

'

22%

87% 87i»167

28 '.: 2961'',

138183,

"36"

23

•43•83•38

458339

57% 37%•97% 98

^

34% 34

151 156%41% 42

107% 10831% 33%57% 56%

70 7110 41113% 114%24% 23

39 39%128%128H2^ia8%129% 129% 129%87% 88% 87% 6S^

%135 14000 9065 66

128 130

•30 sa

•18 20

•8 9%•42 44

18% 19

61%29%62%

19 1977 7836% 36%23 >4 23%

45% 4785 86'3858•97

39%5898%

•34% 33%94% 94%152 15442% 4234

107% 108%3234 33%58% 59%

41 4134113%114%23% 27

39% 40

87% 83%

•;35 14092% 93•66 6S128 130

•30 3317% 17%

19% 197,36 36

41% 41%4% *'t

140% 140%92% 93%67 68

129 130%

20 20

•8% 9%•41% 44

7,700100605

76',846

100?6.73010,400

275550

4795,048

59,8928,095

17,1653,8503,700200

47,49012,4102,7341,056

820157,118179,800

5031,875

5002,100

100100700

8,9153,9003,100

114,628773

38,100200

1,700100100

Range Since Jan. 1, 1882.

Highest.

2,800

46,345600

4,7502,300

106,81039,769

3788,350

11.29632,28040,370

77,2501,550

794,030300

3,30025,67581,2763,8232,550

13 Oct 2484% June 1060 Jan.67 June 1044 Feb. 2315 Feb. 1827 July 1964% June 580 Feb. 2319% Mar. 927% Apr. 1821 Mar. 9127% Mar. 11tl27 July 3104% Jan. 4

n8'4 Apr. 14124 Jan.136 Apr. 10125% Apr. IS68 M.1V.2934 Fob.97% Feb. 2444 Mar. 985%June 7

13.1 Jan. 750 Oct. 136 June 7

118% Apr. 2160 Oct. 1882 Apr. 158 June 1215% June 768 May 1238% Oct. 278 Feb. If)

47 Sept. 475% Oct. 1661 Mar. 11127% Jan. 136 Mar. .«

23%.Iun6l298 Juno49% Feb. 2153% Oct. 1457 Juni^ 540 Oct. 1987 Oct 2417 Oct. 38 May 1

4 Apr. 114434 June 781% July 677 Apr. 184134 Mar. 1119 Mar.59 Feb. 2326% Mar. 1186% Apr. 2112 June 6

11934 Mar. 1350 Oct. 2123% May 1

10 Hi May 2527 May 27100 May 1533%Juue 767 Mar. f51 34 Aug. 24168 Feb. 1720% June 918 July 2241% Mar. 828% M.ir. 96«34 Fob. 23ll%June 727 Feb. 23

10018,065

1,6159,000388100

5,2646,4103,720

"2065002001010

600

3^756161,800

For FullYear 1881.

Low. High

34% Sept. 1695%8ipt. 480 Hi Sept. 985% Fell. -J

72 Oct. 2730 July 2137% Ian. 497% Feb. 2097% July 2827 July 2241%Sept.l329 Sept 15145% Aug. 16141 Aug. 9128%.Sept 9141% Sept 8130% Sept12175 Aug. 16l40%Ang. 11Ki Feb. 1

53% Aug. 30114% Ang. 1962 Oct. 199234 July 21140 July 271 01 Feb. 221% Jan. 7150%Septl274% Jan. 2(1

96% Aug. 316 Jan. 1428%Jan. 1880 34 Oct IS42% Oct 1616 Jan. IS110 Feb. 8111% Jan. 992% July 23150% Oct 1849% Sept. 1545 July 26120% Mar. 3065 Sept. 1510034 Jan. ;f

78 8ept2060% Fell. U98% Jan. 2H37 Slar. 3015% Jan. 169 Hi Jan82% Jan. 1893 Oct. 4105 8ept2358% Aug. 1."

36% Sept 777 Sept II42% Aug. 2112% Sept 123334 Jan. 21128 Aug. 14M7%Jan. 11138 Aug. 417% Oct 2737% Aug. 30109 1-2 J an. 274334 Oct 1087%Snptl560% Sept H184 Oct 331% J lily 2824 Feb. 2760 8eptl254% Sept 11100% Sept 1425% J an. II42 July 18

456950163182 '.:

80%20

'4

32"23127133%101%11 8341171311,1294033%9141%81127%82183j1076676 H132364

71%909040%4S112102%33%48%.36%156182%129%140136147%143%8351109%68%101%14295%32%131113%88213364

4434946312438%32112%44795015 I4

1896

4177%84%422362 Hi

34',85I8I4

11863130 •.

90'4 Mar. 9 112 Aug. 412 Juuo 3 23%Jan. l(i

60 Jan. 3(1 9834 8ept23165 July 28 '204 May 9

137,07037,110

169,465

1,6241,0000,8222,710200

3,510880

58,312100

35230401

100

20010

100620

25 June 951% Mar. 11130 Juue2716 May 2337 Oct 1331 Oct 1222 Oct 1620 J an. 320% Mar. 855 Apr. 203334 June 1343 Mar. 8793i Feb 2126 Feb. 1368 Jan. 19108% Jan. 2634% Mar. 910% Feb. 15104% Oct 323% June 1043'sJune 9

31 Jan.69 Oct38 Mar.

102'4 Mar.20 Oct;128 Jan.37 Apr.

117 June76% Mar.% Oct.

134 May90 Feb.B6 Oct.

125 Feb.

3934 July 2667 % Jan. 7

139 Sept 910 Jau. 5

230 Feb. 7263 Feb. 1536% Mar. 2240 July 25SO Sept 1492 Jau. 1646 's Jan. 23Gti^ Jan. 26

IO6H1 Jiin. 1739 July 1896 Sept21166%Sept.l255 July 2819 July 21

11934 Jan. 1039 '8 Aug '

71%Jau. 14 6414

350121106146%57%65%135%63110%117%59%

59%241593123126%64 '•30%70%54114%39%131102153

96393480 Hi

601641425%23%5332%84%213597%186419027%501273599%12222223985395590267088%41%15105%33

60 Feb.74 Sept.53 'b Mar.11934 Aug.30 14 Aug.163% Sept4334 July143 .Ian.

93% Sept1 Jau.

19 149% Jan.IH 97% Feb.23 80i4Jan.24 132 Sept.

28 Mar. 1415% Jan. 17l%Juue 8l%June 6

13 May 2Jan. 16Jan. 17Oct 3

.„ Oct 174% Oct 12

18 Oct. 2% Aug. 124% Oct. 5% Jan. 17

13% May 301 June 242 Mar. 2l%Feb. 6

33240

840

36'»Jan. 1619=4 Feb. 42% Mar. 272%JM. 25

26 Jan. 2040 Aug. 14245 Jan. 1614 14 Jan. 1462-4 Jan. 1910% Apr. 537% July 13l%Jau. 4834 Feb. 32'e Ai>r. 423 Sept 154 Jail. 2883, Jan. 51 % Feb. 6

31

130%52%96%84%19043%26%705188%37%6012637%83

20057%74%14280171174%5050%77%143%5581%115%42%89%113%73%38131%6096%

74%

3589 »i

13439

12077

12062%61%112

3014li-i

%17%

240126317%2514

IS-*22%1%

67115%

19062%151942%

1539879

142

4329%

I"*35

32% 38%25421%75%2746%7

14735%13%74

• TbMS ate the prices bid and a»ked-Eo sale was made at the Board. t Ex-prlTilege.

OCTOBBB 28, 18S3.] THE CHRONICLE. 481

QUOTATIONS OP STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.STATB BONDS.

SECURITIES.

Alabama—Clana A, S to 5,1906. ..

Class A, 3 to 5, small ..<

Cla»» B, 58, 19<)«Class C. 48, ia0668,10-208,1900

ArkanaaA—6», fuiirtcd, 18991900 ..

78, I^. Kout & Ft. 8. isa.

7b, Mcmu.A I..Uocl( KB78, L. It.I'.B.AN.O. KK78, Miss. O. i 11. K. KR.78, Arkansas Ceut^U.

Conneotlout—6s, 188S>4..Oeor)?la-88. 1886

78, new, 188878. endorHed, 18867s, Kolil, 18U0

Loaislaua—78, oonsol., 191478. smallEx.matar<Ml ooupon

Bid.

81 828110082 81 "i

100

27 332029 Hi

20209 ir>

102104106lOG113

69 Hi

65eiHi

Ask.

63 Hi

SEcnniTiBS.

Mlohlfran—88, 188378, 1890

Missouri—«s, due 1883 or 1888....68, due 188668, due 18876s, due 18886s, duo 1889 or 1890....Asyl'mor Univ. due '92Fuilitini?, 1894.'95Uaanlbal & at. Jo., '86

Do do '87New York—

Bs, gold, reg., 1887..6s, gold, coup., 1887.6b, loan, 188368, loan, 48916b, loau, 189268, loan, 1893

102116

101107 Hi

108110111116118108108

Ask. 8BGDRITIB8.

N. CaroUn»-68, old, J.AJ68, old, A.AONo. Carolina HR., J.dkJ.

Do A.dtoDo coup, off, J.AJ.Do coup. off. A. AO.

Funding a<it, 1H6U 1900Do 18681898

New bonds, J.ifeJ., '928Do A.dbO.. ..

Chatham RBSpecial tax,Gla8S l,'tf8-9

Do ulaas 2 .

.

Do class 3 .

.

Consol. 48, 1910SmaU

Ohio—68, 1886

Rbo<le Island-68, coupon, 1893-99..

80

160160130130101015154656

7576

108

118

Ask.

665\

78

SBCCRITIEa.

Bontb Carolina—68, Act Mar. 23, 1869

)

non.fnndable, 1888. t

Brown oonsol'n ea, 1893Tennessee—68, old, 1892-8

68, new, 1892-8-1900..68. new series. 1!(14 ...

C'uip'mlae,3-4-5-6s, 191'.2

Vlrginia-64 old68, new, 186668, new, 186768, oonsoL bonds68, ex.matured oonpon6s, consol., 2d aeries6«, deferred

District of Columbia—S-eSs, 1924Small bondsRegisteredFunding 5s, 1899

Do smallDo registered....

5

10348484866>a34

80564812

107%

1044»<i4B%49>s5T

14

109 <^

RAILROAD BONDS.

Railroad Bonds.(Stock Bocchanoe Pricet.)

Ala.Central-l8t, 8s, 1918Alleg'y Cen.—1st, 68,1922Atcll.T.AS. F8—4 Hi, 1920Sinking fund, 6r>, 1911

Atl. & Puc.-lst, 6s, 1910Balt.&O.— Ist.Os, Prk.Br.BoBt. Uartf. &. K.—iBt, 78Guaranteed

Bur. C. Knj>.<t No.—1 st, 5sMiuu.ASt.L.—l8t,7s,KUIowa C. <fe West.—l8t.7sC.Hap. I a. F.itN.— ) 8t,6slBt,69.1»21

Central Iowa—Ist, 7b, '99

Cliar. Col. & Aug.—Ist, 7sChes.AOIno— Pur. m'yfd,

68, gold, series A, 1908.6s, gold, series B, 19U8.68, currency, 1918MortBape (18, 1911

Chicago A Alton—l8t, 7sInconio7s, 1883BlnkinR fund, 6a. 1903.I,a. eft Mo. KIT.-iBt, 7s2d,7«, 1900

8t. 1,. Jack. & Chic—Ist1st, guar (564),7s, '942d (300), 7s, 181IS

2d, guar. (188), 78, '98Mi8a.B.Br'ge—l8t,s.f.68

O.B.ifc Q.-S p. c, ist, '83.

Oonsol. 78, 1903Bs, sinking fund, 1901..la. DlT.—S.F.. 58,1919.S.F.4s,1919

48,162248,1021

0. R. I. <& P.—68, cp., 19176B,reg.,1917Keo. A DesM.—l8,g.,58

Central of N. J.-1st, '90

Ist consol., .i8sente<l,'99Conv., assented, lOOii..Adlnstment, 7s, 1903...l,eh.4 W B.—Cou.g'd.asAm.D'krt Im.-Bs. 1921

C.M.&St.P.- l8t,8s. P.D.2d, 7 3-10, P. D., 1808..1st, 78, $ g., B. U., 1908let, LaC.DiT., 1893....Ist, I. AM., 1897.Ist, I. & D., 1899 .

1st, C. A M., 1903Consol.78j 1905...2d, 7s, IS 841st, 7b, I &D. Bit., 19088.W. i)ir.,l8t,68, 1909lBt,58,I.».<fe DaT.,1910lets. Mliin.Div.,6s,1910Ist, H. rfiD.,7B, 1910 ..

Ch.& Pac. Ulv., 68, 1910IstChio. & P.W..58,1921Min'lPt. Diy.,68, 1910C.&U8ap.UiT.,58, 1921

C. * N'wesl.—8. fd. '78, '85Interett bonds, 7s, 1883OonBoi. bonds, 7b, 1915.Bxtens'n bonds, 78, '85

Ist, 78, 188,-

53Hi

ioi

'106105

10489 Hi

54 Hi

115llJHi

97 H>

55

108

104 ig

9()

55>9

1'22

101II6H1llUHs

102 Hi .

128 129 >i

101 Hi lOUHl105

843<83

Coupon, gold. 78. 1902..Reg., gold, 7b, 1902Sinking fund, 68, 1929 .

sinking fund, regSinking fund, 5b, 19'29 .

Sinking fund, regBacau'u >t ' . S.—Istt Bs.Sea M.& Miu's—lst,78.(owa Midland— Ist. 88.FeninBula— ist, con v. 7.**

Chicjigo A Mil.-l8t, 78WlnonaA St. Pct'r-Ist2d, 78, 19u"

Mil.AMa<I.-l9t,a8,1906O.C.C.A Ind'8-l8t,78, B.f.

Consul. .78, 1914C.Bt.P.M.AO.-Consul..68O.8t.P.AM.-lst,08,1918No. Wis.—Ist, tie, 1930.St.P.AS.C— l8t,(i8, 19 10

OhlCtK.llI l8t,8.t..cur.Ooi.&Giutu.—lat,68,10162d, C». 1926

Ool.Jl. Va'. A Tol.-l»t,5n.

Del. L.it W.—78, conv. '<J2

MortKiigo7s. 19078yr.Bing.AN.Y.-l8t,78llorrisA Hssex—l8t,'7s2d,7», 1891Bonds, 7», 19007eof 1871, 1901 :

Iflt, consol., guar., 78.Del. A H.—Isl, '7s, 1881.

.

7b,1891let ,ext. ,78, 1881Coup., 78, 1891Ist, Pa. DlT.,cp.,78,1917

127>127101 Hi

llOHi

iri10810291

133125126125125125125 >4

125H>102

108'92108

iOiJHi92

106 Hi

130

128

ill"

9999

120120l'22Hl107

105123 V.

121107 "a

107109 Hi

1'20

138 "4

111

125105115

lis'V20

So

120

109

110103931351253<

127 'a

109120

U2Hl

107 Hi

iiioi

108 Hi

128 -i

1'28Hj12

99 Hi

99 Hi

111

126108127111I'^l'i1231073,116

103 Hi10;

81

llSHi

i22

110II6H1

Del. A U.—Contin'd—l'». Div., njg.,78. 1917..Alb. A Susq.-Ist, 7s

'Jd, 7b, 1885l8t,oon8.,guar.78,1906

ReuB. A 8ar.—Ist, coupIst, reg., 1921

DenT.ARlo Or.—l8t,1900Ist CODBOl., 7b, 1910—

Denv.So.P.APac.—I8t,78.Det. .Mac.A Marq.— l8t,6»J.and grant 3 His, 8. A.

E.r.Va.AO.-l8t, 78.1900latcons., 58. 1930...Divisional 5s, 1930 -.

Eliz.C.A N.—S.f.,d6b.0.6sIst, 68, 19'20

Eli?,. J^x. A Big 8 6bEi-ie— 1st, extended, 7s,

•2d, extended 6b, 1919 ..

3d, 78, 18831th, extended, as, 10206th, 78, 18881st cons., gold, 78. 1920ist cons., td. coup., 7a..Beolg., let hen, ({8.1908I^ong Dock b da, 7a, *93.

BullVN.V A15.-lat,1916N.Y.L.E.&W.-New2d 626, conaol., fd. op., 5)J

Buf.Al3.W.-M.6s.l0liaEv.A T.H.—iBl. oon8.,6a.Fi'tAP.Marq.—M.B8,1920O.il. Har. & 8.Ant.—lat.Os

il, 7s, 1905Or'n BayW.AS.P.—lat.BsmuK.Col.AS. F6-78,1909I Inn.A St.Jos.—88, conv..Consol. 08, 1911

Houa.AT.C—Ixt, l.gr.,78.1st, West. Dlv., 78...1 at, Waco A ;j.,78 -.

2d consol., main lino, 882d, Waco A N., 88, 1915General, Brt. 1921

JIons.E.A W.'l'ex.—l8t,7s111. Cent —Sp.Div.—Cp.6aMiddle DlT. -Beg. 5.H..

C.8t.I.,.AN.O.-Ten. 1..7alet, oonsol. 7s ,1897..•2d,1907gold, 5s

Dub. A Sioux City, l8t.Dub. A 8 C, 2d Dlv., 78Ced. P. A Minn.—Ist, 7a

Ind. Bl. A W.—1st prf.,78Ist, 4-5-6S. 19092d, 4-5-88, 1909Ka.st'n Div.—68, 1921

Indianip. D.&8pr.—l8t,78rt. 58, 1911

Int.A «t.No.—lSt,68,goldCojpon.Bs, 1909

Kent'ky Cen.-M. 68, 191

1

I,ake ShoreA Mich. So.—Mich.8.A N.I.—8.fd.,7sClove. A Tol.—Sink. fd.New bonds, 7b, 1886 .

Cleve. P. A Ash.-78...Buff. A Brio-New bds.Kal. A W. Pigeon— lei.Det.M.AT.—I8t.7s.l900IjUke shore— Dlv. ijondaConsol., coup., let, 7sConsol., reg., let, 7s ..

Consol., coup., 2d, 78.Consol., reg., 2d, 78...

Long Isl. B.—I8t,7a,18981 at consol. 5s, 1931..

r,oui8v.AN.,—Con8.7s,'982d, 78, gold, 1883 ....

Cecilian Br'ch-78, 1907N.O.AMob.-lst,U8l030E.II. AN lHt,()8, 1919Oencial, Bs, 1930- .

Pensac'ia IJiv.-Bs, 1920St.!,. Div lat, 68,1921'26,38,1980

Naahv. A Deo— lat, 78.S.AN.Alii.-S.f..6a,rJ10Leban'u-Knox—68.1931Louisv. C.A 1..— ti8,li)31U Erie A W.—lst,68,lUiUSandusky Div., Us, I'Jl'J

.af.UL&M.—Ist.Us, 191'JI.,ouisv.N.Alb.AC.-lst.lin5Iauhat.B'chCo.—7a,1909N.Y.AM.B'li-.l8l,78,'97

Marietta A Cln.— lat, 78.lat, sterling

Metrop'llfn Si.-lBt,19U82d, 68. 1899

Mex. C6M.—lst,7s, 1911-Mich.Cent —Con.,78,1902Kquiprn't bds., 88, 188368. I'JOOCommu, OS, 1931Bcgisterwi. 5a, 1931Jack. L,au.,t Sag.—6a,*91

Uil.J:No.-l8t,4-o-08,1910

llOHl

113 Hj

96102 Hi

1141^75 Hi92*95

95125106 Hi

101 "8

'10011112434

116

82107 Hi

iio106 Hi111

115US'*110104^41001151121811988^4

94101

lOB-81

108106105^4111120100l.OHi120 Hi1261213(.124 Hi

124

B8i8l115100101'.10

9590 '4

95'15115

loa10010J^4

103 't

103 Hi80

9887 Hi

701'27

107

lllHl

102',

915s

11678

10097128I1J8H1101 Hi

120132 HiIUO'4

9U°8

iof

108 i-i

105101llOHl

126

98102

125Wit

116

90809510270

83

108 Hi108

114

13025 Hi26125i'22

98 ••>8

115=;

1()0»498

'.OS's101

998885127Hl

98 Hi

98 Hi;

98

Mil.i,..s.,eW.-.lst..Us,lll21Minn.ASt.L.-lst,7s,1927Iowa Ext—let, 7e, 19092d, 78, 1891S'thw.Kxt—lsl.78,1910Pac. Ext- Ist, 68, 1921

Missouri Kan. ATex.—Oen. eon., 6sCou8.,78, 1901.5-62d, income. 1911H. A Cent. .Mo.— lat, '90

Mobile A Ohio—New, 6a.CoUat. rrust, 83, 189"

Morgan's La.A 'P.-1st, 68Niwh.Chat.A8tJj.-l8t,7a

'2d, 68, 1901N. Y. Central—8a. 1883..

6s, 18878a. real estate, 1883Bs, subscription, 1883..N.y.C. A it— 1st, coup.

1st, roi;., 1903lIud.a.R.—7s,2d. 8.f.,'85Can'daSo.- Ist.int.guarHarlem—Ist, 7a. coup

lat, 78, reg., 1900...N.Y. Elev'd-lat,7s. 1906.V.Y.Pa.AO.-Pr.rn,68.'95N.Y.C'.A.V.-Oen..8.s,i910Trustee. Receipts

N.Y.A New Eug.—lat, 78lat, 6a. 1905

N.Y.C.ASt.L.-lst,6s,1921Nevada Cent.—1st, (is

N.I>an._(j.l.gi.,l8t,0|)„83Bi'gl8toro<l 6.S, 1921 ..

N. (J. Pac—l8t,6a,g. 1 9'JONort.AW.—G'i.,68.193i..Ohio A Miaa.—(J0U80I. s.f.

Conaolidatod 7s. 1898..2d cousoliilated 7a, 1 9 1

1

1st, Springtield Dlv.. 7aOhio CHntra!-lst,6a, 1920

lat, Ter'l'l'r., Us. 1920.1st Min'l Div, U.S. 1921

OhmSo— Ist.Ua, 1921...Oreg'uACal —l8t.6.s,i921Panama—S.f. aub.6a,1910Peoria DecA Ev.— 1st, BaEvans. Div.. ist.08.1920

Pac. Bits.-Crtn.I' —G.,0s8auJoa4iuiu Branch.Cal A Oreson— lat, 68State Aid lids, 73, '81Land grant bonds, 6a.West. Pac— Bonds, 68

So. Pac. of Cal.— Ist, 6aUnion Pacillc— Ist, 6aLand grauta, 7a, '87-9Sinklug f unils, 8.s, '93Registered 83. 1893CoUiitoi-al trust, Us.Kans. Pac. -1st, 68, '95

let, Bs, 1898 ..

Den.Div.,88,a8'd,'99latconaol.. Bs. 1919

C.Br.U.P.— F.c.,7s,'95AtC.AP.-lat,8s,1905At.J.C'O.AW.— 1st, OsOrei.'.8hort L.— lat, 6sUt. 80.—Uen. ,73,1901Exten., l8t. 7a, 1909

Mo. Pac— 1st coua.. Us.3d, 7a, 1906PaclUo of Mo.—Ist, 682d, 7s, 1891

St.L.A 8.F.—2d.68.cl.A3-68, class C, 190U -...

3-68, class B, 1908 -...

Isl, Us, PeirceC. A O.Equiputent, 73, 1895.80. Pac. of Mo.-ist..

Tex.APac— lst.(!.s.l905Consol., 88, 1905Income A I'd gr., reg.l8t,BloO.Div.,U8,1930

Penusylvania BB.—PaCo'aguar.lHis, 1st c.

llegislercd, 1921Pitt,C.A St. L —Isl C.,78Ist reg., 7s, 19002d, 73, 1913

Pitts. i'U W. A CU.— 1st•2d, 7s. 19123d, 7a, 1912

Clev.A Pitts —Oona. s.f.

1th, ^ink. Id.. Us, 1.892Col.C.A I.e.—l8t.consolM consol,, 7s, I'JOO...

laL,'ri'atCo.ctfs.,aas'd2d,Tr'8t Co.ctrs.,a33'dlet, Tr'tCo.ct(3,3uppI.

St. I.,. V.AT. Il.-l8t,g.,7a'2d, 78, 1898'2d, guar., 78, 1898....

Pltts.lJ A U.—l8t.6a,191lRome W.A Og.—Cou.. latBoch.A Pltt.-l8t.63,1921Bioh. A AL— Ist, 7a, 1920RiclLA Danv.—(Jous.g.,Ua

101 3,

117111'102112100

106^160 Hi

107 Hi

114

i02'i

133131108vs

96

loS"

103112's100 >s

86106 Hi

62 Hi

U5

liw'

96 la

101',101 >.

88103119119l'20Hl

10110187102'116'

i2li'114 'a

98'Ol^s 92

'.'.'.'.'.'.\"si'

;;;;!; icif104 '4 10597 'a 98 »Ill's108105

i03»g112 Hi

103^115110117 Hi11"107 Hi110',109109 '4

103102•90

•99\105 Hi

100 Hi

102112's

9990 H)92

103 Hi

103926182

97•90 H;

137135 Hi

127127109120

115'4

96

lilt's

111no

92100',.IU6H1

l6i~i113H1106116100

93

101

6282 's

98 Hi

25130

71105 Hi

80 Hi

OB'S

i

Rloh. A Danv. —Cout'd.—Debeuliiro 6b, 19-27Atl.A Ch.— lat, p ,7a,'97

Scioto Val.— 1st, cons., 7sSt. L. A Iron Ml.-Ist, 7s2d, 78, 1897 ..

Arkansas Br.—latCairo ,s Pulton-1st. . .

.

Cairo Ark. A T.—1st(Jen. r'vAl.gr..5s. 1931

St. L. AlWn A T. H.—1st.2d, pref., 78,1894...2d, income, 7b, 1801...Belleville A 8. 111.—lat

St. P. Minn.AMan.—lst,7s2d. 6a, 1909Dakota Ext.—Oa, 1910..Mlu's nn.—Ist.Os, 1922

StP.A i)ul.-lst, 5s,1931So. Car. Rv.—lat, 83,1920

2(1, 0.S, 1931Tex.Cen.— lHt,8.f.,7s,1909Istmort., 78, 1911

Tol. Del.A Bur.—Main. 6s1st. Davt. Dlv., Os, 1910lat. Tei'l trust, Bs, 1910

Va.Mld.-M.iucBs, 19'J7Wab. St.L.A P.—Oon'l, 6-1

Chic. Dlv.—5s. 1010....Ilav. Dlv.-6s, 1910...

.

Tol.P.AW.—Ut,7s 1917lowaDiT.—03, 19'21Ind'polis Dlv.—6s, 1921Detroit Dlv.—68.1931..Cairo Div.—58. 1931 ...

Wabash-M. 78, 1909...rol.A W.— l8t.ext.,781st, 8t. L. Div., 7s, '892d, exr .,7a, 1893Equip, ij'nda, 7a, 1883Con sol., cou v., 7s, 1907at. West.-let, 78, '882d, 7a,1893

<J. A T.-lst, 7a, 1890.Han. ,fe Naples—Ist, 7s8t.L.K.C.AN.—R.e.7sOni. nlv.-lat, 7s. ..

ClardaBr.-68.1919St. Cha8.Br.—lat, Ua

No. Missoui'i-lat, 7sWest. Un. Tel.-1900, cp.1900, reg

N.w. Telegraph-7s,190tMut.tJn. r.- .P..6s,1911Spring Val. W.W.—lst.6sOregon RR. A N.—Ist, 68

INCOME BONDS.tlnterefit prit/,»(,(st/ertm««i.)

Ala. Cent.-Inc. 68. 1918Alleg'y Cunt.— Inc., 191'2.

Atl. A Pac—Inc.. 1910 ,.

Central of N. J.— 1908. .

.

Col. C. A I.C— Inc. 7s. '90Roorga'u Tr'at Co.Cert.

Cent. la.—Coup. deb. ctfa.Ch.SLP.A M.—L.g.inc68Chlo.A E. 111.— Inc., 1907DesM.AFt. D.—l8t,inc.,63Det Mack. A Marq.— Inc.E.r.V.AGa. -Inc.,(>8,1931El. C.A No.-'2d luc. 1970a. BayW.A St. P.—2d, Inc.Ilnl.Bl.AWost..-Inc,1919Consol. Inc., 6a. 1921

lDd'9 Dec.A .Spr'd--2d inc.Trust Co. cortiftcatoa ..

Int. A Ut. North.—2(1 inc.2d assented, 6s, 1909...

I,eh. A Wllkesl). Coal—'88Lake E. A W.— Inc. 78. '99

San<l'kvDiv.-Inc.l920Laf.Bl.A"Mnn.-.Inc.7.s.'99Mil. L. S. A W.— IncoiueaMob.*t O. — Istprf. deben.2d pref. debentures3d pref. debentures1th prt'f. 'iebentures—

N.Y.I-ake K.AW.-Inc.U.sN. Y. P.A(\—l3tlncac.5-7Ohio Cent,-Income, 1920

.Min'l Div.-lnc7s.l'.)21Ohio .so —2il iuc, 6a, l;»2l

Ogdons.A I«C.—Ino.,19'2(lSmall

Peoria D.AEv.-lnc.,l920Bvausv.Div.— Inc.,I»'20

Roch.A Pitts.— Inc., 1921Bomo W. A Og.—rue. 7s.

So. Car. Hy.— lnc.,Bs,1931St. Louis I. Jf t. A So. -

lat, 7a. I'ref., int. .iccum.2d. Bs, int. acc'mulative

3t'g I.A Ivy.-Ser. B., i uc. '94

Plain incomes Bs, 1896.Sterling Ml. By.— Inc.,'95St. L. A.A'r. II.— Div. bila

rol.D«l.,ftB.-lnc.,6sl910Dayton Div.—U.<, 1910..

Tex.AS t. L.~L.g.,iucl920

65^ 6T

114>4108 Hi

108 Hi

107 HilOti't

1144

"9Y1"

118

109<109

10099

10710760

5782 Hi

80 a,

ioi"89

01107^102103

107

107

118>4118

114^109 >•111108

"ie'i

ii6%101124111109 >*

no

9510910970

68858390no90

93

103"

100

77

ib8-%

83 >a

•65

105 Hi108

90

118

77>i

ioeii

42<«

"*26

49

4040507878

7655 Hi

41

4332

95

6020

86S36970

74

42'i

26"

60

87509052

79"

40

6041>(

7878554360

37

34

" Nopnco l-°ilil.-ky—iiieseaie latest quotatluiumade Uiu> week.

482 THE CHRONICLE. [Vol. XXXV,

New York Local Secnritles.

Bank 8tack L.t«t.

COStPANICH.

Uarlud thtu () annot ATatimuiI.

Xmerim*Am. ExchangeBoirerrBroadwarBnteberg' A Drov'ra'OntratCliiweChathamChemicalCiltxenB'CitjrCummercoCominentalCorn KxchanKe*Kast KlvcrKleventli Ward*Firth•Fifth Avenue*FirmFourthFultonOnllntln<3ermrtn American*.Cierniun ExchauKe*.Gerniantii*(Jreenwlch*HqpoyerImp. and Traders'. .

.

IrTlnkIsland €ltj«Lenther Manut'trs'.Mantiattan*MurineMarlcetMechanics' ..

Meohanics' ATr'dTB'MercantileMerchants'Merchants' Kxoh'geMetropolis*MetropolitanMount Morris*Murrajr Hill*Nassau*New YorkNew York County..N. Y. Nat'l Bich'KeNinthNorth America*

—

North River*Oriental*Pacific*ParkPeople's*PhenjxProduce*BepuDllc8t. NicholasSeventh WardSecond _

Bhoe and Leather. .

SixthState of New YorkThirdTradesmen'sUnionUnited StatesWall StreetWest Side*

lOO100100

1001002)100»100100iOO1U0•25

25IOO100too100SO9»7510010085100100506010050:oo1002525too5050100100

10010010010010010070SO2550100252050100100IOOIOO100100100100405010060100

BU. Alk.

13S

110155U8

iNsnrnnce 8tock IjImU

[Ouotatlons bv B. S. Baii.«x, Broker,No. 7 Pine Street.]

COMPANnlB.

102«

AmerloiinAmerican BzcbaogeBoweryBroadwayBrooklynCitlcens'..CityClintonColumbia ••*..

Commercial....OmtlnentalEaltleKniplreCltyKxchangoKarragutFlremeo'sFiremen's TrustPninltlin ft Emp....German-American.

.

GermaniaGlobeGreenwichGuardianHamiltonHanorrerHo£rbiaBHomeHowardImporters' & Tr'd'rsIrvingJeffersonKlnas County (Bkn.)KnickerbockerIjifayette (Br'kljnLamarLenoxLon_' Island (B'klyn)LorUlardManufacTs'i Build.ManhattanMech. & Traders'..Mechanics' (B'klyn)MercantileMerchants'Mont auk (Brooklyn)Nassau (Brooklyn)..NationalNew York EquitableNew York FireNew York & Boston.New York i.ity

NiagaraNorth lUver.PaolfloParkPeter CooperPeople'sPhenixReliefRepublicRutgers' .

StandardStarSterlingStuyvesantTradesmen'sUnited statesWestchesterWllllamsbuigCtty..

90100252.1

17207010080501004010030501710

100100505085100155050IOO5050100SO204050100255025IOO10025505050505087l<35100100100502525IOO2050SO5010025SO100IOO25252510SO

147105IH9110170140lis115

m21B220<60011780ICOin180115110250001181458fl

!18806655145180801037075IOO53

10760iSD130051051101501,10

140un5

60175100no1171601081406575140100OS5011570125120220

152Hi210185105155IS913040

IcjO

23028089IbOI'iS

00ma1201H3IbO120280«^12015085ItO858)BO153210851077.-.

80105BO1127014014075110118;iio

1101501001089182ll«175r^51751151457585150110738012575ija«125^'60

Ga« and City Railroad Stocks and Bond*.[Sas (Quotations by Prentiss & Staples. Broken, 11 Wall Street.]

GAb COUPAHIBS.

3.'(>oklya Gas Light CoC'tl^cns'Gas Co 'Bklvn)

do boQds...H»rleu)J*^rBey City & iioboken. .

.

-H labattan^elrooolltan

do bondsM nu<i,N. \Xassaa. Brooklyn

do scrip...New YorkPeople's (Brooklyn)

BondsBonds

Central o( ^ew York"Wlinamsbarg

do beadsMatropolltan, Brooklyn.

.

Monlclpalno bonds

gttlton Mnnlcltia!

Par.

2520

1,000502050

IOO50010026

Va .

10010

1,000Var.5050

1,000100100

'iob

Amount

2,000,0001,200,000815,000

1,850.000750,000

4)000,0002,500,000750,000

5,000,0001,000,000700,000

4,000,0001,000,00037.i,000125,0004Bll,000

1 ,000,0001,000,0001,000,0003,000,000750.000

1,500.000

Period

Var.Var.A.&O?.4A.J. ft J.I.ft.I.M.&8.F.& AQiiar.Var

M.*N.M.ftN,J. A JMANVar.

F.«k A,Qnar,A.* O.M.&N

i.ftN.

Dau.*

May.

Aug.,luly.Aug.,

Bid.'AA.

nolOil

160

8 Aug.

1« ')C'.,

3 Sept.,May,Nov.,JHII,,

IS971«00Aug.,Feb...1900July.Nov.,1888

82 108 112'82 65 [ 70

!05'82 87'82 155 ,. _

•32^215 220"x? 175 180...105 IllO'82 103^ 105'«lj 52 I 95'821 90 »582x111 ,1J3

4810581756u1017018010670

1610780859710475!8311080

[Quotations byH. L. Gbakt, Broker, 145 Broadway.]

Bleecker St. & Kult. Ferry—St'k1st mortgage

Broadway ft Seventh Av.—St'kIst mortga^re

Brooklyn City—StockIst mortgage

Broadway (ufflokiyn)—Stock ..

Brooklyn Crt isstown.—St'k ..

1st mortgage bondsBoahwlck Av. (B'klyn)—Stock.Ceiitral Pk. N. 4 B. Kiv.—stockConsolidated mort. bonds

Chrlstijptaeriic Tenth St.—StockBond.H

©ry Uock B.B.* Batt'ry—StockIst mortgage, consolidated ..

Eighth Avenue—Stock1st mortgage

4iM St. ft Grand St. Ferry—St'kIst mortgage

Central l^ross Town—stock ....1st mortgjige

Houst.West St.* Pav.F'y—St'kXst mortgage

Bocond Avenue—StockSd mortgageConsol. convertibleExtension

BUth Avenue—Stocklet mort-gage

Wilrd Avenue—StockIst mortgiige

l?wenty-third Street—Stock. ..

1st mortgage

1001,000100

1,00010

1,000IOO100

1,000100100

1,000100

1,000100

500&C100

1,000IOO

1,000100

1.000100500100

1,0001,000SOOftc

IOO1,000100

1,000100

1,000

000,000BK1,000

2,1110,0001,500,0002,0< 10,000300,1100200,000400,000300.000500,000

1,800,0001,21)0.000BiiO.OliO

a.w.uoo1,200.000000,000

1,000,000203.000748,00023H,00»600,000200,000260,0001500,000:

l,lfl»,:->00

150,0001,090,000200,000750,000500,000

8,000,0<K)8,000,000

600,00fi|

290,000|

J.& J.J. ft J.IJ-J.J.4D.Q—F.M.ftN.0—'.

^J^-J. ft J.Q-J.

.1 . ft D.F.&a..J. ft J.Ci-F.J.ftD.Q^.

J. ftj.il.ftN./V.ftO.

.iiiftN.

J. A J.J.ftJ.\.iuO.M.4N.M.ftS,M.ftN.J.ftJ.(i-F.J ft J,F.4A,M.ftN

H July, •tJ2

7 J'lv.iooo2 Oct., •82

7 June •84

sw Aug., 8276 I'Ct., •82

« Oct., •8<'

7 18886 Oct., •&i« Oct.. 'Sl>

7 Dec. 11102

2H Aug., Hi7 l-i08

4 Aug. •82

7 June MS3 Oct., '82

7 Jan.. '81

» May, '82

7 Apr. '93

7 NOT.ilWJ

7 July. •114

4 Juiy, 827 Apr, •8.')

7 Not. '88

7 Sept.Mar

,

•84

5 '.a7 July. "JO

9 Aug. •82

7 .IlllV '00

4 Aug. ,-82

7 May, '03

24107144:032081021901001"5IliO

UHi1I7><!1I9108 1 112

2«1121471612151102052oO112

K62151152501002401108010381

II .'3

107175219no2-0110151110

112•2110

IIV

11580106

iVo"

189

'iosji

260115

iVs156115

({aotations In Boston. Philadelphia and Baltimore.

aKTOKiTias.

ni«

BOSTON.AMti. A Topekft Iflt m.78

do 'and grantliAtlantic * PacIS", 68

, iDcoma .

.

Boston A Maine 7s

aostondt Albany 7«do 66

Boston ft Loweinsdo 6s

boston ft Providence "a

3url. ft Mo., land grant 7a....

do Nebr.as Exdo Nebr.6sdo Nebr. 4s. .......

Chicago Burl. ftQulocv D.BiConn, ft PsMumpslc, 7«

Connotton Valley. 68

do 58..Cali'omla Southern, 6«

i^aswrn. Mass., 4'i»,now. ...

Fort Scott ft Gulf iS

Hartford ft Krle 7a. . . . ........

K Cltv Lawrence A so. ot...

K»-).City.St. Jo.ftC.U^Is. .

Little R-k ft Ft. Smith, i8,lst

Mass Central. 68

Mexican Central, is—New VorkA New Kng.6s....

.10 '8 ...

New Mexico ft So. Pac. 7s...

'^aenaburg a L. Cti. con.6-.uo Inc.

OKI Colony, 78

OM Colony, Ob...........

Pueblo ft Ark. valley, IB

Itatland «3,18t mortSonora7s — v'*:"i'iT. Clnn. ft.St.L.,Ut6s

io Income.do Day'n D.do Mam L

STOCKS.Atchison ftTopekaBoston ft Albany ..

Bo^tonC]lQ. ft FitchBosion 4 LowellBoBtonft MaineBoston ft Providence xChesnire preierred

Chic, ft W. MichiganCln. Sandusky ft ClevConcord ...-Connecticut RiverConn. A Paasnmpslo .

Coouotton ValleyEasterl. ( Mass. ) -^rj-VEastern (New Hampshire)...FltchburgFlint ft Pere Marq

do pref XFort Scott ft Gulf, pre!

clo common.Iowa Falls ft Sloox City. ....

LIti ,e Kock ,t Fort Smith ...

.

Maine 'entralMauctiesler ft Lawrence....

Mar. Hough, ft Ont.....

do P"'Naehoaft Lowell...............

kew York ft New Kngland...

Northern of N.Hampshire...Norwich ft Worcester...Dgdensb.ft L.Champlaln ...

Old ColonyPortland Saco ft PortsmouthPullman Palace CarRutland, preferredI'.evere Beach ft LynnTol cln. ft St. LouisVenuonlft Massachusetts..Wircesterft NashuaWisconsin Central —

„o pref....

RAILROAD STOGKS.tAllegheny Valley.

Uuflilo Pitta, ft Western.. .

do prer.

(jamdenft Atlantic...no do pref

CaiawlBsado ist pref

do adprefDelaware x Bound BrooK....

Bast Pen Bsylvanla.....

Bimlra ft Wliliamsport.. .....

do 10 !"'?'••

Har P Mt. Joyft Lancaster.

Huntingdon ft Broad Top...

do <^o ?"•Lehigh Valley.....

do pre'Little SchuylkillJllnehlll .-••••y-:;---Nesquehonlng ValleyNorfolk* Western, com.....

,lo do pref....

Norihern CentralNorth PennsylvaniaPennsylvania.Philadelphia ft Brie...

Phtla. Germ. ft Nor.-lstown..

Pniia ^ewtoWD&N.xPnlladelphla ft Hearting

Philadelphia ft TrentonPhUa.Wtlinlng.ft Baltimore,

Plt'sb. Cln. & St. Louis, com.!^l Paul* UululhR.lt. Coin

do do pref

United N.J. companies.West Chester consol. pref..

.

West .lersey. . ...,..•WestJerseyft Atlantic

CANAL STOCKS.Lehigh NavigationPennsylvaniaSchuylkill Navigation. . .....

do pref...

RAILROAD BONDS.Allegheny Val., 7 3-108,1896..

do 78,E.ext.,1910do Inc. 78, end.,c.'W.

BelTldere Uela. ist m.,68,lJ0'i

do 2d m. 68. '85..

do Sd m. 6s, 'f7..

Camden AAm t '^.^oar),'^;^

do 6a, coup., 'olf

do mort. 66. 'a-j

Cam. A Atl. Ist m. 7s, g., 1893CO id m. 6s, 1904. .

do (OUi., 6 p. cCam. ft Burlington Co. 6s, '93.

Catawlasa l8t,78, con v., cp.':!:^

da chat, m., 10», '»8 ..

13»4«

120«

1021139i

3574

105l«IIBJ,114

102«

"83ii

74t4I05J<

UIW

BxotrBiTias. Bid. Alk.

115

''d''

87Ml!465

i5S«15SH60

29^

1'45^00

Kir,

60

R7V»175

4X

13021

708M«40

68«

51>a

115

132

17«

4B«

122

SSine122120«

i051023i1021-^5

iad

6>4

5917«

720 '4 205^

27

205»53J<i 54

• TbU eoinmn iham last Irldeno • H0si<t,-aut the data o* maturity of boit u

51«| ...

53 ...

75I77< 18S4*» SSii

66

CatHWlsBanew78, 1900,r.ftcp 117Cbartlers Val., l8tm.78.C.,19U; , ..Connecting 6a, cp. 1900-1901. [lieDelaware m.,6s. reg.&ci>.,var ...Del. ft Bound Br., 1st. 78,1905 125

. Kast Penn. 1st mort. 7», '88 .. 10aIBaston 4 Atn'ooy, 5e, 19'J0 ...

B1.A W'msport, 1 st in.. 61, 191Udo sa.perp

HarrlBhurg l»t mort. 68, '8.1...

U. ft B. T. Ist m. "8, gold, '90.

GO cons. in. 5s, isy5

—

IthacaftAthenslst g d. Is. ,'9:1

Junction Ist mort. 6s, '8'2.

.

do 2d mort. 68. miOLehigh Valley, lBt.6s. reg., "98

do lat. 6s CP..1998do 2dm. 78, reg., 1910..

do con.m.,6s,rg.,i9i3d« do 68,. p.,l9i3

Little Schuylkill, Ist m. 7s,'WN. O. Pac, lat in., 68, WiO .

.

North. Penn. 1st m. 68, cp.,'86,

do 2dm.78,cp.,'9«.do gen. ra.78. reg., 190^

do gen. m . 78, cp., I90a.

do debenture f^s, reg...Norf'kAWe8t.,gen.ir.,6s,l;i31on Creek, 1st 6s, coup., n.i-.Fenn8ylv.,gen. m. 68. rg., 1910

do gen. in. 68, cp.. 1910

do con8.ni.69,rg., I90.i-

do cons.m.fia.cp., 190*^.

do • do 5<',reg.,I91v

Pa.ft N.Y.C. ft RK. 7s,i8«,

do 1906Perklomen l8tm.6B,coup..'8;Phlla, A Krle ad mi. Is, cp.,"!a

do cons, raorl.ee. 9'^0

po do 5s,:9'iO

Phlla. Kewt'n A ^.y.. 1st, '9

Phll.4 K. lBtm.68,ex.d^je 1910

do '.dd in., is, CP..93.

do cons, in.,78,rg., 1911

do Co cp.,l;'ll

do cons.ra.«i,g.luci9ildo lmii.m.,6!,g„ c. IS"^

do gen. m. 6«, g., C.190do In.m.,Ve,coop.,'896do d<jb. coup., l-'Oa*....

00 do c^un. off, i»*l

do scrip, ibii

00 conv. 7s, B. C, 1398'

do 78. coup, off, '9^

Phll.Wilm.ftHalt ,4«,Tr.certB

PlttB.Cln.ASt. L. -it, reg., 1901

do do 7«, cp.. Xi.i

Plttab. Tltusv.ft B.,7s,cp..'9fi

Utch.ft DanT.con3.1ut.«s,1915Shamokln V.4Pottsv.7B, 1901 _

3unbury4KrlelBtni.78, '97. 12J

Sunb. Hai. ft W.,lBt m.,58,'2vdo 2d m.68. i938.

.

Syra.Gen.ft Corn',j,lst,;a,19iir.

'rexas ft Pac. lat in.,68, g.,l905

do R;o Gr. D;v.,lS30

do cons. m.,6e,g. .1905

do lnc.ftl.gr.,78 191S

tJnlonftTItuBV. islm.7a,'9C.OnltcdN.J. con6.m.6B,'94..Warren ft F. 1st m. 7s, '96

West Chester cona. 78. '91. ...

West Jersey 6b, deb., coup.,'8S

do iBtm. 6s, cp., '»6.

do lstm.78,'99do cons. Bs, 1909 ....

W. Jer-ey ft Ati. lit ,n ss, cp.

Western Penn. RK. 6B,cp.'W.

do 6s P. B.,'9«

do gen.m.78.cp., 1901

CANAL BONDS.Ches. ft Del.. 1st m., 6b, 1886

tehlgb Navlga. m.,6B, reR.,'84

do mort. RK.,rg . 'It....

do cons, m.78, rg.,191'....

do Gr'nw'dTr.7s. rg. "92

Morris, boat loan, reg., t«i^..

Pennsylvania 6b, co'.ip-, '.910..

Schnylk. Nav.lst m.6s.rg.,'97.

do 2d m. 6s, reg., 1901

MISCELLANEOUS BONDS.Penn. Co., 68. reg ...

do do rjjs, reg., 1921

do do CO p., 19il

rhll.AR.Coalftlr'n deu.ia.'.)^*

do deb. 78. ens.ondo mort.. Is, \S»liBAL,TIITI4>Ki<:.

20«

ISAM

133H

122107122>< 12812«« ....1ij2J< lOS114

102

lis

X4X120

114M

127127

94«

7S

9S121

90a 9Sao

1018094

'}

90..*

1121!6

lis

117 119

113107 ii»

lOT

586',iX

5757«64>sMH20 (

S7H6564J<

so^i'adu

12J4

I';s2

1184H M!2u I2rt104

101 10l«

iVss*

Baltimore 6s, IS'*!, quarterly6s,;8fi6, ./.ft Jdo

dodododododo

103114117«

1I9>»

192

857«in'a47),

1065475104

6b, 1891.1, quarterly...68,park,is90,y.—M.6s, 189S,M.AB68,exeiupt,'95,M.&S6s, 1900,0 —Jts. 1902, J.ftJSB, 1916, new

Norfolk water , 3s

BAILKOAD STOCKS. Par.

Balt.AOhlo 1* _00 Ist pref i'.£7

do 2d pref ... 123do Wash. Branch. lOOl

do Parkersb'gBr..3(i|Northern Central S)

Western Maryland S'

Central Ohio, coinmon. ...50

Plttabu g A Conneli.vllle...RAILBOAU BONDS.

Atla.ita ft Char. Ists

,:o IncBait. A Ohio 68. ISa-i.A.AO.

Col'amb.aft Grce T. Ists—00 uo 2l8. ..

N. W. Va. 3dm. .guar..'85,J4.J

Plttsh.ft ConnelTBV.'is,'98,.'ftl

Northern Central 68, '85, J&.Jdo 6a. 19i«), A.40.do 6s,gld,190O,.l.ft.I.

Cen. Ohlo6a,l8tin..'90.M.ftb.W.Md.es.lst m.,gr.,'90,J.4J

do Ist m., 1890, J. ft J ..

do 2dm., guar., J.ftJ...

do 2d m.,prefdo 2d m..gr. by W.Co.Jft-

do 6a, 3d m., guar., J.ftJ

Mar. ft Cln. Is. '91. F. ft A ...

do ad, M.ftNdo 8s. 8rt, J.ftJ

Richmond ft Danv., gol I, 6s,

Union litt. iBt, guui.,J, A J..

do '' niun endorsed,Virginia ft Tenn. 68

do 8<

Wl'.A Weidan.goia. 78Wll.C.ft .\.ii.-^'

80

9810790

118

130130

ISft

10tfTH17

106K

10>^< 108120 ,122105)41... •

iiex

Hj7

-.18

116(4109

no

i-.rrxi....ioi;4'ioit4

i'lV\'.".'.

' In default. t Per share.

OCTOBBR 38, 18b8.| THE CHRONICLE. 483

RAILROAD EARNINHS.

Roadt.

Ala.Ot.SoiitliflniAtoh.Top* f< l'"'-

Biisi.Cl.K.AN'.H,Bait. & OUlo....BuB. PilfHli.AW.

Latest Karningf Reported,

Weekm-Mn

Biir.Ced.R.&NoCairo &8t.rjiulHCent.Br.Uii.Par.Central PacilicCharl.Col.&AiiK,Cliesup. it Ohio.Chicago & AltonCliic. Hur.iO.,Clilc. & Kast. Ill

Chlc.*(jli.rninliCliio. Mil &Ht. PClllo. & Nortliw,Cb.St.P.MIii.AO.Clllo. &W. Mini.Clu.In(1.8t,.r-.Ji(;.

CInclnnaU .SouthOlev.AkronAColjCoIunili.&(ii

.Spptemh'r.

.Soimanh'r.AUKUHtSdpleinb'r.Scptcuib'r.2ii wk Oi't.•2(1 wk OctM wkOi't.i.Scpt«mlt*r.3il wkOi.t.2il wk Oct.2(1 wk Oct.AUf^nst2il wkOct.Wk.Oct.213(1 wkOet.3(1 wk Or^t.

3d wk OutAiiKdat3 wkn SoptScptiinil)'.-."

I wkOct,idwk Oct.

1882.

77,7931,302.535

47.8821""

1881,

70,32(11,155,869

45,91559,291:1,642,63491,00(ll 65.(10058.299 49.7698,24* 8.268

25,293 18,1472,474,000 2,185,3(13

tl7,i)il6, 111,05879,0()ii .-.5,70ii

200,740 199,9922,080.858 -',173,915

•i 1 0"71

Jan. 1 to Lateit Date.

1882.

,175,17410,112.188

inoltou Val..|2(l wkOct,II V. AKioGr.Uii wk Oct(M..fel''t. 1J..^M WkOct.^ T .... r. VT.. ( ,1. ...1. c.—

.

Col. Hock. V.&T.i:i(l wk OctConnoltdu Val..|2(l wkOct.DenDCSDet. Lan. &. N(j..'llh wk SepDub. &. SioiLx (' 2(1 wk Oct.£a.stern IScptonib'r.E.Tcun.Va.&tiii. 3 wks Oct.Ellz. I,«x. & H.8Enrop'n & N. KEvaiiKV. X T. II,

Fliiit&P. Mani.lGal.Har.ctSari A

Adjust.I11I.V

S((ptcnib'r.l»t WkOct.

--- ,AliK.-&ScptGrand Trdiik.... Sept. 1« ..

Gr.BayW.&St.lV 2(1 wkOctGulfCol.VSan.I'Vi.Scptcmb'r.Hannibal* St. .Idi.fd wkOctHoiifl.K.A;W.T(X jSciitemh'r.Illinois C'cn.i III. );.Scpi(.intj"r.

Do <lowa} 8cptenib'r.Ind.Blooiii.A \V.i2a WkOct.

;lut. & Gt. North. 3d wk Oct.Iowa Central . . . I.Septcnib'r.K.C.Ft. S. &. Gnl tilth wk SepX. Erie & West'n id wk Oct.L. K. (fe Ft.Snilth (Scptemb'r.LKk.M.Riv.ifeT.|.8«i)teiul)'r.Iiouj; iHland SdwkOct.touiflv.&Nashv. 3(1 wkOct.IjOuIs. N. A.<& ( 'h. i3ttpt<inib'rMar.Hoiigh.& O. iSoptcmb'rMexican t;uiit..j:M wk.'^cfitMll.L..8U.&\Vcst 3d wkOcl.Muin.JtSt. I,(>(iis[l«twkAuKMo. Kiui. & Tcx.l.Sd WkOct.Missouri l'a(rillc.,3d wk Oct.Mobile it Ohio. .Se|>t«iul)'r.

2(idy8 0ct.2i)d.v8 0ct.dciitouib'r.-'(IwkOct.AUKiiatSi^itoinb'r.iuptcmb'r.3(1 wk Oct.2d wk Oct2(1 WkOct.AllRllSt

Septemb'r.8cpterab'r.Seiitomb'r.

(1 WkOct.

Metropol. El. .

JT. Y. filcvatcdNa«liv.i;h..fcSl.N. Y.cSt N. EiigrdJJ. Y. Fa. itohMKorfollc i.t WestMortliern Cent.Nortliernl'acill(Ohio Central...Ohio Southern..Oregon Imp. CoOregon Ji.tiiN.Co i

Oregon & Cal...Pennsylvania ..

Peoria Deck i:v.

PliilaUelp.iKru-i.AuKuetPhlla.tt Kca(linj.'j.Sejitcmb'r.Do Coal ii Ir. Scptemb'r.

BlOlim.&Danv.. 3d wkOct.Bt. L.Alt. & T.ll. 2(1 wk Oct.

Do (brchs.) '2d wkoct.St. L. Ft. 8. .& W. Irtt wk Auk8t.L.liouMt.AS. 3d wkOct.Bt.L.(feSan Fran. 3d wkOct.8t. Paul A IJul. . 2(1 wk Ool.Bt. P. Minn.& M. 3(1 wk Oct.Scioto Valley... SdwkOot.5So. P.ic. Cal... July

Do 80. Div. July80. Pac. of Ar... July ..

Bo. Pac. of N. M. JulySouth Carolina S(ti)temb'r.Texas (fc Pacilic 3d wkOct.Tol. Del. i. Hurl. 3d wk Oct.Union Pacilic... 8eptcnib'r.Utah Central ... Aiijjusl^Vick6b'rK(k Mer. 8eptemb'r.Va. Midland.... 3 wks Oct.Wab.St,L..fe Pac.l3d wk Oct.West Jersey lAugustWisconsin Cent.lSeptoinb'r.

39,70152,1)40

519,000587,900123.501:125,672168,285243.212,010120,77162,5714,074

136.49.-*

7,33047,27324,681

315,91257.82654.26147,02375,3 1545,536

340,581368,1.55

6,932194,65354,32422,141

643,494184,744.57,42987,767

112,82448.91227,99141,52225,40051,337

273.300143,800151,50221,62419,22527,607

147,226194.777{160.0311 86,205268,243160,00063,711

493,803232,774592,435196.60024,5799,817

274,12755(J,000125,730

1.417.80212,974

4-20.3292.019,0171,469,313

I 94,00032,22418,8105,094

172,68382,83531,102

224,00012,664

130,57011287,35811284,4261113,906121,360109,06122,483

2,949,112120,87731,805167,327416,000199,24682.402

34,97139,693

349.4955-21.80087,0.^5

120,29:158,436239,931

8.8.">9

116,36757.606

150.00810.82537,83031,011

323,35321.0,124

38,8097(',08037,283

247.972337.812

6.608120,19654,0.5815,078

646,411182,43753,.54fi7(1,78799,64042,40530,75144.34823,60036.237

226,80098,000

134,743

648,3022,099,039291,047704,572

18,983,619

2,.578l308(i.282,3l912,867,4791,38:1,7631.695,020

15.644,00(118.979.3193.881.882957.260

1,828,8591.851,226391.801

2,296,159

1881.

New York City Banks.—The following statement shows tb«oondition of the Associated Baoks of ^ew York City for tb*week ending at the comai*4aoeinHnt of busineHH on Oct. 21:

$543,348

8,559,348

4it0.8151,706,277329.595779.59:»

7,063,092

5.198,176269.360

1,172.774892.286

16.03525.365

135,769134,824210,202188.874219,570179.97960,548

462.523221,438429,565131,86116,5376,602

404,812

3,735,00612,735

303,8491,945,8741,410,537160,00030,39118,690

161,24970,83017,005

146.55111,586

305,401300,936

1,592,041

'8,296,940

9iV.3041,738,874191,289

5.135,1411.367,7032.029,9612,445,166848.132

1,224,4()41,138,177

1,927.15210,143,989

9'75;615633,299703.895

4,S22'.09fi6.229,2831,315,-242,235,6502,687,9091.385,0402,678,7143,580,9971,671,4274,421,2775,478,443795,129288,844

2,032.3473,706,600

2,134,0965,848.42713.160,8.501,269,6931,205,219

13,093,42317,217.4563,070,(j65836.7H6

1,084.9601.662,127327,348

BoMkt.

1,878,476

4,606.598311,197

1,002,622873,204

263,055

l,39l',094

•8,097;887

661 ',2731,797,549106,538

4,932,1401.338.3271.977.9792,082,928079,876

1,100,0181,097,656

1,660.0208,818,710

Mew TorkManhattan Co...UerchantaMeohanlci'UnionAmericaPhoenixOltyTriLdeemen'eFultonCheml(»tlMorch'nta' Bxoh.(iiilUtin Natlon'lButchers'&UroTMechunlcH' A Tr.tireornTich ... ...I.eathor .Mun'frsSeventh Ward...State or N. York.American UxchOoturuerceBroadwarMer<»atllePacidoBepDblfcOhathamPeople 8Morth America.Han(/verIrvInKMetropolitan...

OapMol.

qiticeos'.Nat

115.70077,04717.669

2,844,3.57102.31643,300165,521328,000174,o4^73.18(

35,888.7786 12, SO'.

2,522,69915,.55 -2,96510,779,2472,788,350],053,2'23665,480127,784

5,680,1252,795.344804,880

6,762,806429,527664,178

112,270,6411,608,70511105,489847,967

3,iJ88,416721,028

21,111.2191,011,006307,024

1,085.33613,429,518

778,902

716.732

486',915

4.2 49",7055,314.6321,624,4982,031,8742,364.3831.577,9512,189,0113.623,3031.386.0644.030.2513,036.516491,488

^ai«AUMarketat. Nlehplae3tioe k I.eiitlier..Corn KTcliange.

.

ContinentalOrientalMarineImporters' A Tr..ParkWall St. Natlon'lNorth ItiverBast RiverFourth National.Central NatSecond Natlon'lNinth National.First Niitl.inal..Third National ..

N. Y. Nat. Kxcll..Bowery NationalN. YorkCounty..ij(!riirn Am(3rlc'iiChase National.,irirth Avenne.. .

Gerniiin Exeb. .

.

(ier(uania17.8. NatLincoln Nat

Total..

2,000,0002.050,0008.000,000S.000,000i.aoo.oooa.000,0001,000,0001,000,0001,000,000soo.soo800,000

1,000.0001,000,000800,000800,000800,000

800,000800.000

8,000.0006,000/)OU1,00(7.0001,000,00(1432,700

1,800,000480.000SOU.OOO700,000

1,000,000500,000

8,000.000800,000500,000600.000SVO,000500.000

1.000,0(X)1.000,(J<KI

aoo.ooo400.000

1,800.0002.000, 00(J500,000240,000250,00('

S.200,U(M2,ooo,ooe

S00,0fl('

76U,00(50(),0(X)

1,000,1100

300,000250,000300,00(750.0IX:80(1,00(;

lOU.OOC20'l.0(l,j

200.000800,000so6,coo

Anrtfit draoimt or

toofu andMKount$,

... 80.962.70(1

s.4*}.aoo7.4»)xiao«.TO8,l'0n7.8.0.0004.3<«1.400H.i7ti.aao8.218.000B.OS8,»00».u-4i.T)a

.l.(ta4.g'M&.481.I.0C8,1W«.8004.07B.3IW1.(128,400620.000

1.0»2,70O.S.15H.400

1 .0'tO.lOO

SjKtrt.DOC!:i.,'iflO.o0ol7.08'>.2»0

8.'^0i).trt0

0.0 1:1.1 IK)

2.012.8006.(107.2' )C

8,274.1001.4S.i.U0(

9.481 40C-7.878.100a.lHOMli'a.swf.oooi.Vi».';(K<

2 246 6002.Si4.(lOCA.SSH.aOC3.o;7.nno4.(».7.40C5.75; 50(1

S.BiKOOOir,««5.400lOSirJiioO1.524.M01.497.U30l.O(14.S0O

lB.H.51.1ilC

7.71H.O(Xi3.223.0005,0C4.BX

n,ii.s2.aoo

1.4:18.4001.811.1001.78:).5«0i.r>:m:i.>i<

I.007.4.')"

i.5')."..aii(.

1,~I0.»')((

1,087,1'>('

fi.a««.oooh;-.(.0()

KW.OOO1U4.U()C804.200

1,028.800iSJ.OOO

1.MW.O00iin.eotsIIW.40U

8.648.100804.80067(4,800K(i,3(X)140.000le.uoo

323.2002:,o.oooi>:>3.8ao

»,«76.0008,1T2.MOO

(Wl.Six,

831.8004H1.1Wia4.i<ao

«O2.80O80').»(X)JWl.Og:)»80,7a(iSd'J.BjO

8,878.000i<ON,8oO87:ll00

6AI.6-.I0

244.000SM.OOO«(e.oao

1.228.100fS,»00

753 ."00

1

4,«OU,Oooi3.ftsa.<o('

aoi.goo28.8,

c

B2,0,K-'

8.071.4001,45«.000«07.0onN82.li()0

2.8557jUoao.^io181,2 JO

18»,0o01^UX.

371.40078511002tl8 0lO80 Via71.810

XOI.IOO172.400

Tm3er$.

*870.(K)0S^U.0(X)

57'<,"20Cw;8,i.<oa

021.900TB.OOO

401.00069 200I24.MKI6WI,U0(J886,100176.100ia'5,llX)

170,4o584 1.Hoc71.100

18«,7ixi416.(10(1

8^4.4a(jI«4,l()(j

5»:.2oo25-*,' 008«<».»<X)

111,30(1im.OOd

1.010.2008;ii.«6o83U.0OO».4IA)(157.1(10

1S2.70Olia.50(,8;a.oooSIM.OOO181,<>00

SO^.li-Oa42.(J()o

3B2.8,)04SH.(»(XlV3.J0(,

loe.Ooo770.900

l.lSO.Ooo801.000390.8,1,1

888,800l,0('l,-iJO

111.9.10242.(">0fi

619.8 <.

fiSOOi)SO'i. 1 Hi

168.401.820,900HI ».>•*,

92.7(10IS»,7()0

otherthan U. a.

OiKuto.t4M.

J10.29i.2flO'53.7l5.100 20,317.70(1

•8.748.0008.079.0006,4-/7.800a.»6i.ooo8.431000&.a7S..I002.1.31.0006.W20.6KJl.C,23.S0O

. l.8?6.(W()>9.4<1.80(i2.WM 80(1

2.20ii.ao(I.BKS.WXlhSO.dOO

1,031.8008.888.1001.I7H.1003.4Jl|.(!aO

IO.040.nOfl1 1 (HS.OOO4.O3O.8O05.a87J<O08.58-' 8»;8.818 501

&AV3hO(,1.838,00tS.4m.^l0(i7.IJl.«(Xi8.94r,.»to<.

B.47S/1J'8 n9.U0(2.4"1.2'C8.8.S.i.-i(>;

1.7<!2.1()(.

2.95i.(l-K

8.6:9.4005.ij(J0.«O(i

2.o;-j.H'i'"

S.9J4.0'lo

18.4 i4. ,<•;<<

18,4(l,:.50(.

l.4.'«).4(ir

l,4o;.5')i

807 O'X,

14 87j.lOil8.7.;8.0l)n

8.'J<»,'i.0OO

8.198.0 ft

I8.7fi7.0l)('

5..'jm.lCi)

(.12 .7.10l.flflH.BOl

£.083.4002.22J»>04 806 9 JO

1,918 71.787.2-08,9 10«i4,058.300l,15(J.0)l

tUS.OOft

SM.OQO

1.100287.630

791.100

770JJ00818,000I88.00O8,80*

819.00023.8004&.000

i,ooi.V(i4900.000TMtaoo

Mu-oao

786,000410IOO

8.8M/MIO265,890

415,V«

t,<itio

eee.NO

S-W.MOI au,iao

IS.hOO

384.IMO673,41002»7.n'ioBO-.OOOaoQouo438,4%

289.4008V8 80O180,000

vY,8(i>

The deviations Irom reiuraH ol previous week are as foli<

480,00045.(100

763,lgO

wb:

3,101,879

32,879,241530,066

2,318,54514,919,6759,791,6892,628,9931,151,448577,952

5,717.6412,490,336

53;), 1-22

3,657,491344,925

845,6-233,026 054519,767

18,973,010

1,014,40611,422,726

686,943

' luclmlos Oreai Western lioad since October, 1 PreiKht earnings.} Decrease doe to latencsH of cotton crop.II Included iu Ceutial Pacific earniuKS above.

} NortUeru Diviaiou.

U. S. Sub-Treasury.—The following table shows the receiptsand payments at the Sab-Treasury in this city, as well as theMaaces in the same, tor e<i.ch aay of th-i past weeK:

Reeeiptt. Faymenlt.Salaiieet.

Coin. Ourretiey.

Oct. 21.•• 23." 24." 25

.

•• 26.'• 27.

S1,479.444 581,406.636 481,577.253 282.253.733 541.035,924 54•8,810,793 00

S708,675 31

1,057,764 45749,748 48

1,516,816 6sl

1,480,828 98•8,911.709 61

$96,853,112 0797.307,141 6698,067,116 9998,6,'59.636 1798,241,693 6398,319,554 63

$4,150,443 584,045,286 024,112817 494,227.233 164,230.271 264,051,495 65

Total.... 10,563,807 42 14,425.543 52* ii>8.(X>o,(X)0 of above receipts andj^aymeuts is a trauBler from one

account ou the booka to another.

Loans and dlsoounts

.

Speciebetial tenders

Dec. Sl.876.00Olac. 17,«0

...Dec. tI.7Jl,200| Net deposlta .

. . . Ino . LaiM.aau Circulation. . .

.

...Dae. 894.000

1

The following are the totals for two weeks

;

Loam. Specie. L.Tendere, Dtpnaite. OiTCVintlon. A.00. OleotW^i. S * < S * *

Oct. 14....811.99,M00 5J.2W.500 3I.T4l.700 28H,77I,-J00 18,745,700 999,817.864" 2l....3'.0,'ii)S,200 5!,7I5,100 JO,317,-<00 2-i5,(Wil, iUU Id.itlS.lOO 1041,3i)0.2-JlV

Boston Banks.—^Following are the totals of the Bo.-<ioa banksSpecie, li. Tenien,t (

8.81)1,990 3.012.8006,212,"00 2,990,700

due to other banks."

The totals of the Philalelphia ban

1888.Oct. 18,

Loane.%

148.850.500146.73«,!(U0

De^iaite.* Cirroulatvtn. A0d. Vleetr

89,746.400 30.13^.(100 73.350.81688.837,300 80,018,500 78.186,371

* Includins the Item

Philadelphia Banks,are as follows:

Loans.1882. »

Oct, 18...23

L. Tenderi. Depo'Ue. Oirciilation. Ai«. Oleart * * »

77.758..'!,m 16,898.591 87.380,188 9,707,189 SS.fi^ATt7>J,9-i9,700 16,;J4U,37« 68.032,418 9,826.536 Bfc.t

Unlisted Securities.—Following are quoted at 3S New Street

Asked.BidAm. Railw'y Imp.Co—

e.x bonds and Hfock.. 15Atcliiauu Col. & Piwi

All. & Pac—6a, Igt. . . . 94 la

Incumee 23Blocks, 30 p, c lOoUCent. Br. incomes... 30

Bost.H.iStE.—Newst'k 1Old \

B'klyn Elcv.-Scrip stk «6

Ist inort *35Cal.(feC.C'nal&Dook.. 28Chic. (St All.— 1st 93Chic, (fe Can. South 4Istmort 35Tol. Can. So. <fe Det.. 4\

Conlin'l'lCon8.-S5 p e 42I3

l)en.<fcR.G.R'y—C0U8. 90i>er.ver(%Kio.lir.West 21J«

Istmort 70Flint* Pero Mar 20>aGeorgia Oenlral 104Guar, 1st 110Certs, of indebt 9'2

Grand Rapid.'i .fe Ind. . 8Ind. Dec. (fe Spriniff... 5Internat. lino.—80 p.c 46^4Mo.Kan.&Tex.,g.m. 84

Lehigh & Wilkcsb. Co. 13L. Rk. <fe Fort Smith .. 48^1Istmort 107

MiuisHchusetts Cent. . . 4*9Istmort 37

Mcmp.A Charl.—Com. 9Mexican. Nat 11%Istmort 54>a

Mlch.(tO.- 8ub8.30p.c ....

Newb.D.jSs Conn.' -Inc. 20N. J. & N. Y.—Com... 2Prof 20Istmort 95

No. Klv. CouHt.—70p.o 80%

209727

106

1

357"'

40

.55"02 1»2570i«

1139515749

20"

131455H105

84

hid. Antrum,N Y.W.Sh.(SBuff.—.St'k 25 35Ex>Tan. '83 uor.p OS's 63%Subs. O. & W.. 4a p.c OS's da's

N.Y. Sus. ctWeat— Ist 74'9 751eMi(l.K.(itN.J..cl.A,iu 7'fl 9Class B.ino 3 8Stock 14 25

N,Y.C..St 8t.U-E(iuip. 94 101>aN.Y.L,.&W.—Sp.cg.stk 8«Hj 87l8t raort 110 111%

N.YiGr'iiw.L.—Istin 302d income 9 14>»

N.Y.P».A;Oh.—2dinc. 21Atl. & GUWest., com 3%Pref 2%

Oregon Iioprovem't... 75Istmort 90»8

Orog. Short L.—Deliv-ered when Issued

Subs. 70 p. 110Or.Tran8-C.-Sub.40p.o Ooifl

Subs. llX)p. o 90OhioC—Ex bd. & stk. 538Kiver Div. Ist mort. 61^3Incomes IS^

Pitts. & Western 20iaIst mort

?eU8«c. (Si Atlan.— l8t. 721*Rlch.4D.Ext.9Ubs.60)t 62>9Deben. eubs 120

St. Jo. is. West 10Kans. (feNeb., I8t... 602diuurt 20

St, Pail rights 7%Tex.&Col.Iiup.—eOp.clOOEx bonds 12>a

Texas (St St. Louis 101st mort., M.AA. div 55lucomes do 17^9 ...

Tol. Ciu. Jt St. Louis.. 11 13Istmort 59 ..«* Aswssmeot paid.

4>«

84"'

02

35^11491 1«916

62 >«18i%23%

?^

SO8>»

10422

484 THE CHRONICLE. [Vou XXXV.

%nmstmtntsAND

STATE. CITY AND CORPORATION FINANCES.

The INVB3T0R3' SUPPLBMBNT corUaiiu a complete exhibit of the

IKimded Debt of States and Oitie» and of ths Stoeka and Bonds

0f Sailroadi and other Companies. It is published on the last

Baturday of every other month—viz., February, April, Jane,

August, October and December, atid is furnished without extra

tharge to all regular subscribers of the Chronioia, Single copies

are sold at ?2 per copy.

ANNUAL REPORTS.

Oregon Railway & Navigation Company.

(.For the year ending June 30, 1882.)

The report of President Villard says: " In my last annual

report it was set forth that the capital stock of the companyhad been increased from $6,000,000 to $12,000,030, and that the

proceeds of this issue of 60,000 additional shares to stock-

tolders of record, at par, were being used in carrying out the

general programme adopted in 1880 and 1881 for the construc-

tion of railroad main lines and branches. In the fall of last

year the board of directors decided that it would be for the

beet interest of the company to push to completion the Colum-bia Eiver line between Portland and the Dalles, and the line

between Umatilla and Baker City at the earliest possible

moment, and for this purpose to make a farther issue of stock

in the same manner as the preceding one."

As shown in the statements of the Treasurer, the total receipts

and disbursements for the fiscal year have been:

SeceiptB $9,703,394IDisbursements $11,358,920

This included $4,200,000 from the new stock subscription for

a corresponding issue of 42,000 additional shares, increasing

the outstanding stock to $16,200,000. Since then the remainingthree instalments of 10 per cent each have been paid in, aggre-gating $1,800,000, and an additional issue of 18,000 shares wasmade on Sept 1.

The total expenditures on new construction and equipmentaccount from July 1, 1881 to Jane 30, 1882, were

:

Railroad dirislou $5,927,346Ocean division 30,5B4Elver & Paget Sound divisions 411,741 —6,36i>,652IBince tlie close of tlie last fiscal year there hasbeen a further expenditure of 1,945,467

Making a grand total of expenditures on con-struction and equipment account since July 1,1879, of $15,764,604

COST OF RAILROAD LUTES.The seperate cost of the several railroad lines built and build-

ing was as follows on July 1, 1882 :

Main lAne.—Oompleled Section,

The DaUestoWalla Walla, 157 miles $3,857,001Average cost per mile $24,566The Dalles to the Cascades, 4B miles 2,261,563Average cost per mUe 49,164

Unflnished Section.

The Cascades to Portland, 40 miles. Expended^ prior to July 1,1 882, $869,197; expended since 250,000—$1,119,197

Average cost per mile $27,979Total cost of completed main line, 243 miles $7,237,763Average cost per mile , $29,785Total cost of Portland-Dalles line, 86 miles $3,380,761Average cost per mile 39,311

Branches.—Finished Lines.Walla Walla to Texas Ferry, on Snake River, 56miles $1,592,434

Average cott per mile $28,436Bolles Junction to Dayton, 14 miles , 448,866Average cost per mile 32,06

1

Unfinished Line.Baker City Branch— Finished portion—Uma-

tilla, on main line, to Pendleton, 44 miles $704,956Average lost per mile $16,021Unfinished portion-Pendleton to Baker City.130 miles, already expended for grading andties.... 352,261"It is estimated that in order to complete the lines under

eonstrnction it will yet require $5,000,000 over and above any andail expenditures up to September 15. The available resourcesof the company will fall ohort of this requirement, but to whatextent cannot be stated at this time, as the amount of the short-age will, in a great measure, depend upon current earnings dur-ing the remainder of the year. As soon as the additionalrequirements shall be more definitely ascertained, your boardof directors will advise you of what financial measures will beproposed to meet it. This further need for construction pur-poses exceeds the anticipations of the management. It is duemainly to the excess of the cost of the Dalles and Portlandsection of the main, or Columbia River, line, and of the BakerCity branch, over previous estimates. The former includes theline through the Cascade Mountains, the latter the crossing ofthe range of the Blue Mountains." * * * «• Their value tothe company will be so great that the increased cost will in thetind be of but little moment. This is especially true of theDalles and Portland line. There is no part of the company'slines that it was wiser and more necessary to construct at theearliest possible moment and that will yield better and quickerretnms." » • ' ^

" At the close of the fiscal year 1881-82 there were 887 milesof road completed and in operation, with 65 miles additionalfar advanced toward completion. With the opening of thePortland-Bonneville section of the main line between Portlandand Walla Walla, which has just taken place, the Company'srailway property will represent a total of 377 miles of com-pleted track."The following additional mileage is under construction :

Pendleton to Baker aty.milea.lSO | Walla Walla to Pendleton..mUea 48

The following lines are projected :

Patahabranoh miles. 37 |Lewiston branch miles.30

Comparative Statement of Traffic, Gross Eaunings, OpkratikoEXPBHHKS ANO NtT EaRNIKOS ON AU. DIVISIONS.

Ocean River RiiilioadEarnings— Division. Division, Division,

Passengers $364,097 $354,358 $286,988Freight 615,375 1,614,298 1,417,950Mail aud Express 30.293 20,145 9,068PoolaudMls {11,230 84,155 *17,872

PU SoundDivision, Total,$79,123 *1,034,.56727,545 3,675,17437,420 96,932

508 91,304

Tot'lEar-gs, 18S2 $998,539 $2,072,956 $1,731,885 $114,597 $4,947,980Tot'lEar-gs, 1881 911 829 2,^68,208 539,578 tl0,629 3,730,245

Inc. of Earnings. $86,710 $ $1,192,307 $133,968 $1,217,734Dec.of Earnings 195,252

Op. eip., Includ'gtaxes 1682 $621,476 $1,153,599 $735,576 $101,888 $2,612,641Do. 1881 585,533 1,258,243 215,301 (4,306 2,063,383

Net earn'gs, 1882 $877,062 $919,357Do. 1881 326,295 1,009,965

,309 $ $2,292,729324,276 (6,323 1,673,185

Net inc. 1882.... $50,766Decrease

$672,032 $36,386 $619,54490,607

' These flgarea represent "miscellaneous" only, as there is no poolewjcount in the Railroad Division.

t All figures for 1381 in the PugetBoandDivlsion represent one montltonly.

; Loss.

The following statistics for two years have been compiled forThb Commebcial and Flhahcial Cbboniclb :

BOAU AND BQaipacaNT.

Miles owned.Miles leased..

Total operatedLocomotivesPassenger, mall and express cars .

Freiglit carsOther cars

1880-81.250

250-51•26

*1,200'40

* Includes equipment to be delivered.

OPEKATTONS AND FI8CAI. KESULTS.Operations— 1880-81.

Passengers carried 167,787Passenger mileage 23,639,564Rate nor passenger per mile 3-17 cts.Freight (tons) moved 623,025Freight (tons) mileage 140,381,055Average rate per ton per mile 1*93 ots.

Bamings— $Passenger 7.55,739freight 2,781.350Jtail, express, &e 193,156

Total gross earnings 3,730,245Operating expenses (iucluding taxes) 2,063,384

Neteamings .' 1,666,861IMCOUB AtOODUT.

1880-81.Receipts— $

Net earnings 1,666,861Other rooeipta 241,499

Total income 1,908,360DiaburecmtmUi—

Rentals paidInterestou debt; 399,733Dividends 638,000Rate of dividend (8)Misoellaneoua 67,173

Total disbursements 1,104,906Balance surplus 803,454

OBNEKAL BAI.ANCB AT CLOSB OP EACH FISCAL1880-81.

Assets— $Construction and equipment 15,984,240Real estate 201,077Stocks owned, coat 445,710Bonrtsowned, cost 1,103Loans and discount 1,401,690BUls receivable 10,500Materials, fuel. &o 107,142Cash on baud 938.112Insurance and renewal fund 97,817f^inkiugfund .' 12,692Balances 949,496Oregon Steam Navigation 116,273

1881-82.337150

6634

1,27214

1881-83.274.318

38,790,0852-79 oti.

1,139,248204,636,447

1'79 ots.

$1,034,5683,675,175188,237

4,947,9802,612,541

2,339,439

1881-82.$

2,3bS.439180,735

2,516,164

112,760444,743

1,296.000(8)

13,600

1,867,103649,061

TBAU.1881-82.

$23,166,451

476,637445,710200,000

17,100372,735143,925151,81014,978

1,295,140

Total 20,235,852LiaMlities— $

Stock, common 12,000,000Scrip certifloatca 900,000Funded debt (see 8UPPLKMBNT) 5,911,000Bills payaljle.All other dues aud accountsInsurance and renewal fundUnpaid vouchers and pay-rolls.

,

Profit and loss

7,50026,88577,684

Tf 4,430608,363

20,284,492$

16,200,0001,200,0005,851,000181,44426.000173,303843,299

1,809,446

Total Uabtllties 20,285,852 26,284,492

Eraiisville & Terre Haute R.K.

{For the year ending August 31, 1882.)

The length of line operated at the end of the fiscal year1881-2 was as follows : Main line, 109 miles, Owensville & Cyn-thiana Branch, 12 miles, extension of same to Mount VernonIhd., 25 miles ; total, 146 miles.

October 28, 1883-

1

THE CHRONICLE. 48l5

The report stateH that " the Monnt Vernon extension of theOwenRville Branch was bnilt this spring and summer, and openedfor business July Ist. The road is a Hrst-class one, and passesthrongh the centre of the richest county in the State, to MountVernon, the county seat, a thriving young city. We havesecured there twenty acres of a river front, where we expect to

do a large river transfer business. Ample sidings and suitablestations have been er"cted along the line, and it will become asplendid feeder to our main line, which was the object of its

construction. This extension has been completed — includingpeal estate, depots and warehouses—at a cost of $246,961 33.

The tax, 2 per cent, voted to the company as a bon us, someixty-tlve thousand dollars, will not be due until 1883 and 1884,

half each year." There have been placed in the tracks of themain line during the past year, sixteen miles of CO-pound steel,

leaving but five miles ol iron in the main line. No equipmentwas added during the year, but orders are now out for box, coal

»nd flat cars, and for two first-class freight engines, to be deliv-

ered during the winter.

The following statistics have been prepared for the Chbonicle:ROAD AND BQDIPUBNT.

1880-81. 1881-82.Total miles operated US 116Locomotives S8 24FasBcn^ei-, mail and express oars 2ft 18Freight cars 959 920Ooal and other cars 37

OPKKATIO^S AND FISCAL BESULTS.Operationa— 1880-81.

Passengers carried 204,324Passenger nnki;ige 6,703,295Bat« per passenger per mile... 3 eta.

Freight (tons) moved 4.57,600Freight (tons) mileage 88,097,071Average rate per ton per mil© 1'25 ots.

Eaminga— $Passenger 441,685Freight 201,099Mail, express, Ac 69,270

Total gross earnings 702,054

Operating expemes—MainteuaQce of way, &o 154,461Haintenauee of cars 43,205TraiisportatiQji expenses 130,587Motive power 107,9S)lTaxes 16,840Oeueral 27,505

1881-82.i55,142

7,781,1012-8 ct.s.

503,42247,4 80.847

1-14 cts.

$208,389543,11874,920

826,427

134,8''086.7.".0

137,558110,17217,87314,412

Total 486,589

Ket earnings 215,465

Per cent of operating expenses to earnings. 66 9

IMCOMB AOOonirT.1880-81.

Reteipit— fMeteamings 216,468

DisbursemenU—Interest on debt 84,813Dividends 50,876Kate of dividend (2)

Total disbursements.

Balance, gnrplus

135,68979,776

GENERAL BALAITCB AT CLOSE Or EACH FISCAL TEAR.1880-81.

Aateta— $Hailroad, buildings, &o 4,957.737Equipment.Eeal estateStocks owned, costBonds owned, costAdvaneeABills and accounts receivable.Materials, fuel, &oCosh on handI,. C. & 8. W, R'way (in suit)..£xten.«ioiisMiscellaucous items

837,21212,2838,000

18,00019,09582,74858,027

276,09631,593

451,645374,782

82-4

1881-82.$

374,782

188,92050,1100

(2)_

238,920135,862

1881-82.$

4,911,516857.'il212,2828,000

187,57252,80819,90731,h93

337,3»'543,180

6,461,381

3,000,0003,000.000

21,360149,1632SM),861

Total 6,319,790Liabil' tie*—

Btock, eoiumon 3,000,000Funded debt (see SoprLEMEMT) 3,000,000Bills payable 93,920All other dues and aoooonts 70,871Income account .-.. •• l.">4,9y9

Total BabillUes 6,319,700 3,461,384

Cincinnati Sandnslir & Clereland.

(For the year ending June 30, 1882 )

The report of this leased road states that atthe date of thelast

report it was expected that the connecting piece of 140 miles

of read, between Springfield and Indianapolis, would be com-pleted and in operation by May 1 of the present year. Such,

iowever, did not prove to be the fact, and it was about the

middle of August before it was considered safe or advisable to

attempt such transport. The largely increased freight earn-

ings on the road the past six weelis, however, are full warrantfor the belief that the expectations felt by stockholders of goodresults to follow trom the leasing of their road, and the build-

ing of this connecting link, are soon to be realized." The Treasurer's report shows the financial condition of the

company at the close of its fiscal year. The it«m of 'I. B. &W. R. Co., $53,283,' on debit side of 'condensed balancesheet,' is the amount we claim as still due us under the termsof the lease. Lessees dispute the ground ou which we base the

claim, and refuse payment, and we hare oommenoed suit to

enforce it.

"During the year we have made favorable sales ofportionsof the Sloane properties, which enabled us to pay on all theocmpany's notes, amounting to $32,442, that were outstandingat date of our last report. The handsome increase in thealoe of the Sloane property still remaining as shown in theestimate in the Treasurer's table is fiilly warranted by late ap-

praisements made of the propertr. We hare also b<>en ena-bled to pay off all the other floating indebtedness of the oom-pany, besides sundry claims for injuries prior to May 1, 1881,and to retire and cancel $40,000 in amount of our first moi*.gage bonds, so that we have now no floating indebtedness ex-cept that for interest due on bonds in our sinking fund,and a few claims still pending for injuries, etc., prior toMay, 1881. This indebtedness to the sinking fund, altbonghin reality but a debt of the company to the company, is onsfairly due under the obligations of the capitalization agre^-mentof March, 1865, and should be faithfully met at earliest possi-ble day."The matter was brought more particularly to the attention

of the directors by a letter received from the coromi sioners ofthe sinking fund under date of July 14, 1881, and was care-fully considered at meetings of the board andof the executiTScommittee, and the best means for raising the fucds necessaryfor its payment earnestly di.scnssed. A vote was finally passedby the directors, directing the executive committee to sell atpublic auction in Boston the whole, or such portion, of the10,115 shares owned by this company in the capital stock ofthe Columbus Springfield & Cincinnati Railroad Company tMthey might deem advisable, and pay the proceeds to the com-missioners of the sinking fund. Under this vote a trial sale of2,000 shares was had, but it did not meet the expectations ofthe committee, and under the discretionary power given them,they determined to make no further sales.

"As the regular semi-annual payment of interest on bondsin the sinking fund and the $10,000 yearly instalments wouldabsorb all the bonds several years before their maturity, a con-sultation was had with the chairman of the commissioners, andit was informally arranged that for the present wo might, in

lieu of paying such interest, retire and cancel each year suclx

an amount of the bonds as would absorb the entire i.ssue by th«date of their maturity. According to this arrangement, weretired and canceled, as before stated, $40,000 in amount ofthe first mortgage bonds last February, and a further amountof $10,000 last August. It will therefore be seen that with

the exceptions named, the company is now free and clear of

floating debt, and in good position to devote to dividends onthe common stock the increased earnings we confidently look for

in the near future."

The President of the company makes a supplementary report,

under date of Sandusky. Ohio, Oct. 18, 1882:

We have at the present time loans on demand bearing 6 percent Interest ^^•''S?

On deposit aud available for dividend 15,CKX>

PorttoiiS of the property recovered from Sloane, that we canreadily convert iJito cash at good prices within 30 days. . . . 33,000

InaU say $90,000a sum more than sufficient to pay a dividend of 2 per cent on the com-mon stock. . . .^ , ^ , . .,. ^ , ,.

We have also 8,115 shares of the capital stock of the ColumbiuSnrinetield & Cincinnati Railroad Company. ThU» stock was originally

leeeiived in exoliange for au equal number of shares of Cmcinn.iil San-

dusky & Cleveland Railroiui stoctc. but as we have canceled the lease

of that road, these 8,115 shares oan be distributed pro rata to the hold-I Justly entitled to it. It will be seen,(lose of this calendar year, pay the

era of our common stock, who are,

therefore, that we can, before the <. ,_ -, -, - .,

holders of our common stock a dividend of 2 per cent in cash and hdividend of 10 per cent In this Columtius Springfield <t Cmcinnatl Rail-

road stock. This we strongly recommend aliouid be done.

Our fixed indebtedness at the present time Is us follows:

S D & C. 1st mortgage bondsoutatatidine $066,000 00 6 per cent $39,96000

9.C.&r.l8tmort. bonds. 3:,0,000 00 7 " 24,500 00O. 8. & 0. 2d mort. bonds out- ^ , __Btindini 1,072,300 00 7 '• 78 0«1 00

Preferred stock ' 428,850 00 7 " 25.73100O^^Tirondsorip.. 242,06460 7 •' 15.543 82

Requiring yearly payments of ...........$180,795 83Estimating yearly expenste of the company f..r raiJntoiulng

organization and olBc«8 in Sandusky, New York andBoston, for transfers of stock, payment of conpons, ,„_„„dividends, etc., at—say - 10.000 00

Will make a total, yearly, of $190.795 82

Our minimum rental is ........,, $220.00000

Our earnings last year were oon-iderably m excess of that

sum and for the past eight weeks, or since the newDlece of road between Springtield aud Indiauaiwlis has

been in successful optralloii, our earnings have lii-

creased largely over those of the corresponding weekof last year, so much so that our lessees express the

oninion—in which we concur—that we shall within a

year or two at farthest, earn our full maximum yearly

rental of ** JO.ooo uvWhich less our fixed yearly interest and expense liabili-

ties.190.795 81

Toaves $2JH,20»18

a sum more than sufficient to pay a dividend of five per cent on oar

common stock, to say nothing of what we shall reaiiio trom reutaU »u«other assets of the company from time to time.'

GENERAL INVESTMENT NEWS.

Allegheny Central.—In regard to the decline in this stock

Kieriwn's News Letter said:;-' The stock, $1,000,000 in amount,

was listed a few weeks ago and has undergone the customary

manipulation. The bulk is held by officers of the road and by

a strong syndicate. It appears that quite x block of stock has

gone into the hands of parties interested in defeating the plana

of the company. Yesterday afternoon it was decided by l«-

siders to withdraw all suppDrting orders in the hope of bring-

ing out this stock. An officer of the company says that the

road earned 4 per cent on the stock last year, and will earn six

per cent the coming year. Plans for an extension to connect

with Lackawanna are nearly completed. There is no trutli t»

48B THE CHRONICLE. [Vol. XXAV.

the reportt-d increase of stock. Such increase will be madewhen the extension is completed, and will be issued in a way to

enhance the value of the present stock."

Central Iowa.—A telegram to the St. Paul Pioneer Press

Bays that it is stated upon good authority that this road will con-

tinue to be run by its present owners. Arrangements have

{ust been perfected in the East by which the company is to

luild a new line from Ottumwa, low^a, to Lacon on the Chicago

& Alton, thus affording a direct outlet to Chicago via the latter

road. A traffic agreement has been made between the com-

pany and the Ci'utral Iowa company which will enable the

Alton to compete for the Central Iowa business, and in which

it has not been able to participate heretofore.

Chicago & Kastern Illinois.—In the old case on appeal

the following decision was rendered in the Supreme Court of

the United States at Washington, Oct. 26:

The CbicaBO DnnviUe & Vlncpimcs Eailroad Compaiiy et al., ap-

peUanti-. v«. William K. FoBdyck el al. Appeal from the Circuit Court

of tlie Unitpd States for tlui Northern District of Illinois. This case wasargued and decided at the last term of the court, hut on acc<iuut of anImperfection iu the record tlie decision was set aside and a jietitlon for arehearing jirauitd. The case havin? heeu reargued, the court noworders that the appeal frcnn the decrees of April 12, 1877, and of April

16 1877. r< spectivcly, be dismissed, upon the ground that those decrees

wore va<uited by the rey»rsal of tlie prior decree of foreclosure and sale,

rendered Dec. 3, 1870, and the decree entered Nov. 19. 1877, in favoroj Frederick W. Huidekopor. Thomas W. Shannon and .John M. Deuison.trustees, he reversed, anil that the cause he icmauded, with directions

to proceed thereon as may be just and equitable. Opinion by JusticeMatthews.

Mr. Edwin Walker, the attorney of the bondholders of the

Chicago Danville & Vincennes, stated to a Chicago Tribunereporter that this last decision of the Supreme Court vacates

the orders of the Circuit Court confirming the Master's report

of the sale under the original decree and the orders directing

the Master to execute and deliver the purchasers a deed of the

property. This leaves the foreclosure proceedings precisely as

the case stood at the first reference to the Master before the

decree. Mr. Walker also gave his opinion of what the future

course of proceedings would be, as follows :" The case will be

referred to ascertain the amount now due on the first mortgagebonds. Upon this reference the Master will probably be required

to ascertain and report the net earnings of the road from the

time the purchasers were given possession, April, 1S77. Thesepurchasers, now represented by the Chicago & Eastern Illinois,

Claim to be the owners of 2,320 of the 2,500 bonds, and their

claim will be reduced by the net earnings. The holders of theremaining 170 bunds, who did not join the syndicate of thebondholders fur the purchase of the property, claim paymentof the bonds in full. When the amount found due the bond-holders is ascertained, the old company, upon payment, will beentitled ti> the possession of the road. By the reversal of thedecree and orders, the legal title of the Chicago Danville & Vin-cennes Company is maintained. '1 he Supreme Court on Mondayalso rendered a deficiency decree in favor of the purchasingbondholders for about .'Jl,«00,000."

Colorado Coal & Iron Co. — The President, Mr. W. J.

Palmer, has issued a circular to the security holders of this

company, in which it is stated that "the net earnings, exclusive

of land sales, are at the rate of over $450,000 per annum, andthat the current net earnings since the nail works were started

are at the rate of $50,000 monthly. In addition, the land sales

for the eight months to Sept. 1 were 167,200. Although theyear's operations include practically but eight months of theBteel business and three mcnths of the nail manufacture, it is

evident that the net earnings for 1882 will exceed three-fold

the interest on all bonds outstanding; also that the company'smonthly profits, over and above interest and exclusive of anyland sales, are now at the rate of over 4 per cent upon its stock."

The earnings for the first five months of the year 1882 wereas follows, of which 3/^ months were before the Bessemer

In addition to the above railway the company ownsaboufr-10,000 acres of the best quality of coal lands in the Hocking-Valley, which constitute an inexhaustible field easily accessi-

ble in all its parts by the lines of this road. For the fiscal

year ending December 31, 1881, the gross earnings were$2,519,794 and net earnings f1,190,657. The payments were:

Interest on bonds $620,886Interest «n debt .' 12,650Kentals 23,336

Total payments. .$656,874

works were m operation: ProdncUon,Earnings Jan. 1 to May 31, 1882. Ions.

Coal Department $li7,!il4Coke Department 34,4H2Iron and Steel Department 11,346—

Earnings for Jane, July and August,Coal Departmen $106,415Coke Department 20.168Iron and Steel Department 14,434—

Total eight months $253,496Estimated net earnings for September, October. Novem-ber and December, at $50,OOoper month 200,000

Making total net earnings for year $453,496Tie amount of bonds of the Colorado Coal & Iron Com-pany now outstanding is $2,249,000, the interest onwhich, ate percent, amounts to 149,760

In addition to the above earnings, the sales of real estatefor the eight months of the year ending August 31,1882,wero G7,20 •

Columbus Hocking Valley & Toledo.—The statement ofthis company, submitted to the New York Stock Exchange,gave the following : This company comprises by the consoli-dation of August 20, If81, the Columbus & Toledo Eailroad,the Columbus & Hocking Valley RR., and the Ohio & West Vir-ginia Railway, constituting a thorough line from Lake Erieto the Ohio River, passing through Central Ohio and pene-trating with its branches ttie extensive coal and iron depositsof that State. MUtsHain line—Toledo, O.. toPomeroy, 257 00JSranches—Athen* : Logan to Athens 26-00

Straitsville: Logan to Straitsvllle 1300Monday Creek: StraitsTllle to Nelionville 1700Bnow Fork: M.C. Junction to Orblston 3-00

? Other branches 6-50 65-50

Total Uneth of lines operated.

Surplus expended on improvements $533,783

Since the last annual report, the gross earnings have been$1,803,744 to August 31, against .?1,463,385 in 1S81; net earn-ings are not given. The company has no floatincr debt otherthan that incidental to operations of the road. Capital stock

—

Total amount authorized, 120,000,000 ; total amount issued,

$10,316,500 ; par value of shares, ^100 each. Consolidatedmortgage—Total amount, $14,500,000; reserved by trustee to

be issued for the retirement and cancellation of an equal-

amount of divisional mortgage bunds, $6,500,000; outstanding,

$8,000,000.

Connotton Valley.—The directors of the Connotton ValleyEailroad have issued a circular to the bondholders stating that

the funds in their hands cannot be used for the payment of thecoupons upon the bonds of the company due Nov. 1, 1882, as

those funds are only applicable, by the terms of the subscrip-

tion under which they were received, to the completion of theroad as therein set forth.

The directors are maturing apian for meeting the difficulties

of the situation.

East Tennessee Virginia & Georgia.—Notice is given that

the first mortgage and income bonds of this company will beready for delivery to holders of certificates is.sned for the con-

struction of the Cincinnati & Georgia Railroad, now completed,

on and after October 26, at the Metropolitan National Bank,New York. First mortgage 5 per cent bonds will be issued,

coupon ($25) due January 1, 1883, attached. Three months'

interest, equalling $12 50 upon each bond, will be required in

cash on delivery of the bonds.

Fori Worth & DenTer City.—Complaint was made to theofficers of the Stock Exchange that this stock, while quoted ojt

the Board at 40 or thereabouts, was offered on the Street at

much lower figures, and that the sales at the Stock Exchangemust be " washed" sales. It was also said that the stock couldnot be had for delivery, and that it appeared as if a corner hadbeen made by the stock not being issued. The GoverningCommittee decided that dealings in Fort Worth & Denver City

should be suspended during an investigation. It was said that

the trouble was due to sales having been made by stockhold-

ers of the Texas & Colorado Improvement Company, wholooked for a dividend on their improvement stock, and expect-

ing to receive Fort Worth & Denver, sold the latter below themarket to be delivered when they received the expected stock

dividend.Henry E. Wallace, the Assistant Secretary, Treasurer and

transfer agent, made an affidavit before the Stock ExchangeCommittee in which it was stated, among other things, that

—

"On the 10th of October, 1882, the board of directors of the improve-ment comiiauy deelaicd a dividend of 70 per cent in the tli-st mort-gage bonds ot the railway company upon the caiiitul stock of the im-provement company, which hi«l made six calls ujjon its subscribers •f10 per cent each and no more. The board of directors of the improve-ment company passed a ret olution that the President of ihoimprove-meut omipany 'be and he is hereby authorized to bargain, .soli, assignand transfer any and all the certilieatcs of the capital stock of the FortWorth Ac Denver City Kailway Comp;tny now owned or which mayhereafter be owned by this company, 11 and when in his judgment it waaexpedient to do so. It h.-ut ni.t been deemed expedient as yet to sell thesaid stock, with the exception of about 6,000 shares hereinafter men-tioned, because the earnings and resources jireseut and prospective ofthe said road give it not oily a prospective but an intrinsic valuegreater than could now be procured here upon the market; bo thatonly about six thousand shares of the said stock have been sold anddisposed of by the eoBStruciion company, partly to ( ontraetorg andpanly for the purpose of raising means for paying liabilities. Thestork has been legnlarly listed on the Stock Exnhange and an ollice forits transfer established in New York City, where the stock is regularly-transferred, and a large number of shares liavo been transferred, andthe same stands in the name of a considerable number of persons, mostof whom are not shaiehohlers in the impiovement company or other-wise interested iu it. When the 70 per cent dividend in first mortgage^bonds was made to the subscribers of the imiirovemcut company, theyreceived therefor the bonds, and their receipts for instalments paidwere stamped as follows :

' Dividend of 70 per cent in bonds delivered.*^

The stockholders iu the coustrucilou company are not now ei titled toreceive any rertiticates of stock of the raiiway company, as the boardof directors of the improvement company have the right at any timeeither to distribute the stock or the proceeds of stock as shall be foundmost profltable ; and It is possible that the remainder of the stock in theFort Worth 4i Denver City Itailway Company now owned by the saidconstruction company may be sold or disposed of in groK» to the gi eateradvantage of tlie stockholders of the improvement eompany than wouldbe realized from a distnbutiim of said stock ; and there has been nodelivery of the shares of stock to any subscriber, and that a,ll stock-holders have been put uiwn aa equal rooting without partiality or dis-orimlnation."

After this affidavit and their investigation'Iotherwise, thefollowing report was made :

-That this Committee report to the Governing Committee that o»investigation thev tind

:

"First—That the sioek lias been regularly i^8uod l)y the cmiipany."Second—That stock to the amount of ahi^ut 6 000 shales is in tllO

hands of the general public, the balance tiling in the hands of theboard of directors of the Texas i Colorado Improvement Company."Therefore, that this Couimittee reeoninund that deaiings ill the

stock of the Fort Worth & Denver City Kailway Company be resumed,informatiou of such rejsumpliou, together with a statement ot the factsabove recited, to be giveu in printed form for the information of tnepublic u» soon as the Ooveming Committee shall have authorized suob

322 50 resumption."

KelEarnings.

$121,910

131,588

October 28, 1862 J THE CHRONICLE. 487 J

Lonisiaua State Bond'*.—The application of E. A. Barke,Treasurer of the State of L )ui9iana, has resulted in the follow-

ing' resolutioa by the Committee of Securities of the New York^toek Exchange:

Reto'vfd. Ill adJitlon to tlin presont call of Loinlinft coiuollilatprt

Ijonils oarrylntf all iiupiildcoiipooa, they also bo ottlled croliisiyo of all

mattirud cotipous.

The committee direct that the bonds be so called.

Marietta & Cincinnati.—At Chillicothe, 0., Oct. 23, the fore-

closure case of the Marietta & Cincinnati Railroad Companywas heard by a full bench in the Ross County Court of CommonPieas. The report of Special Master Cook was presented andconflrraed, showing that over 95 per cent in interest of thecreditors and stcxikholders had executed the reorganizationagreement and deposited their securities with the Farmers'Loan & Trust Company in New York. After a fall hearing ofall parties the court decided that the decree of foreclosure beentered. The road will be sold under this decree and probablypurcha-sed by a purchasing committrfe for the benefit of the•creditors and stockholders under the plan of reorganization.

Seldon S. Cooke, the Special Master Commis-sioner appointedby the Ross Cjmraon Pleas to take evidence as to the numberof .stockholders and secured creditors of the Marietta & Cin-cinnati, the Cinciutiati & Baltimore and Baltimore Short Linerailroad companies, who have consented to the proposed planof reorganizition, reported in substance, a.S follows: Wholeamount of mortgage bonds at this time outstanding includingunpaid past due interest:

1. Flriit iimitjrase bonds. I? (,725,000. of whlcU amount thnre is nowon deposit with tlit> Farmora' Loan tfc Tniftt Company, in New Yorlc,under the a,.;ii'iMncnt iif leoi'tfaniZiitlon of January 31, 1832. iucludiugooiipuns fur luipaid iiitprcst. $l,5(i.i.2i)">.

2. Si'coiid niortf,MKi' bdiidrt issued. &(•.. $3,37.5,000, of which amounttliero is on deposit with saiil trust company. JS.SS^.WO.

3. Thinl m^rtKasje bonds Issued, &e., $4,320,000; on deposit,S1.223..520.

4. Fonith mortgage bonds issued, Ac, $6,480,000; on deposit,5ti,480.000.

5. FiftlimortsaKe bonds, $3.005 44; on deposit, $)96 71.G. \Vh<)l*i auiouut of other claims, and evidence of indebtedness now

flutstandius affaiiist said railroad company is, as near as can bu ascer-tained. .$7,42!).772 23. of which amoimt there is now on deposit withsaid trust company, exclusive of interest, $0,19.5,8'.)2 2.5.

7. Whole aiuouut of detached coupons of the tlrst mortgage bonds ofsaid railroad companv now on deposit (included iu first finding above),*5.687 50.

8. Whole amount of detached coupons of second mortgage bonds on•deposit, $18,185.

y. Detached coupons of third mortgage imndg on deposit. $750,000.10. Whole amount of first preferred capital stock certiHeatos Lssned

liT said railro.ad company is 1(>2.351 shares at $50 each, anion ii ting to$8,117,550. Scrip of same class issued to the amount of $13,! li» 44.Now on deposit 152,225 shares, to amount of $7,611,250. No scripdeposited.

11. Second preferred capital stock certificates issued is 89,00!) shares,amounting to $4.4.50,4.50. Scrip of same class issued to the amount of^y,968 23. of which aumunt of certificates there is on deposit 75,808shares, amounting to $3,790,400. No scrip on deposit.

12. Whole amount of common capital stock certificates is 27,771shares, amonniing to $l,38S.550. Scrip of same class issued, .$20,362 33.•On deposit. 13,441 shares, amounting to $672,050. No scrip d-posited.

13. Whole amount of capital stock certilicates of the Cincinnati &Baltimore Raili-oad Company is 24,949 shares, amounting to $1,247,-450. There are 24,515 shares now ou deposit, amonniing to $1,225,750.

14. Whole amount of capital stock of ccrtitteates of the BaJtiinoreShort Line Company is 24,889 shares, ainouuting to $1.2 14.450, ofwhich amount there is on deposit 24,8t;l shares, amounting to $1.243,050. 6 f .

15. There is on deposit detached past due conpons of the mortgageliondsof the Baltimore Short Liue, amounting to $131,250.

16. All said bond.s, coupons, scrip, stock, claims and evidence ofIndebtedness that are described in the schedule attached to the aliidavitof the president of said trust company have been duly transferred bythe holde's or owners thereof to the Committee of Reorganization.

17. Each and all securities mentioned have been deposited with saidtrust company.Said agreement contains the signatures of 1,099 persons, firms and

corporations, which have been depo.iited with said trust company forthe use of said Ueorgauization Committee, and are on deposit.

Natchez Jackson & Coliuubns.—A dispatch from NewOrleans, October 26, said " Major Gordon, of the Gordon Syndi-•cate, yesterday purchased the stock in thie Natchez & JacksonRailroad owned by Hinds County, aad made an unsuccessfuleffort to obtain that owned by Adams County and the city ofNatchez The intention is to make the road part of the Geor-gia Pacific system, and it will be extended to Columbus, Miss.,immediately if control can be obtained."

New York Chicago & St. Louis.—In regard to the sale ofa controlling interest in this.rjad, commonly known as the"nickel-plated" line, many contradictory reports have beenmade. According to the best information obtainable, 100,000shares of common stock at 17 and 100,000 shares of preferredstock at 37 have been sold to Me.s.srs. J. H. Devereux, of theCleveland Columbus Cincinnati & Indianapolis Railroad, andMr. Stevenson Burke, of the Columbus Hocking Valley &Toledo. These gentlemen are the fi^jure-heads, and whether ornot both of their corporations are interested in the purchase,the public believe that the control of the stock has gone toMr. Vanderbilt.

It would require .50,000 shares more to §ive an absolute onehalf of the stock of $50,000,000, and this is supposed to havebeen purchased in the open market. The purchasers mustassume all the liabilities of the road, including a floating debtwhich report estimates at about $4,000,000, and the bondeddebt ataounting to .f 19.000,000. The syndicate which built theroad and has controlled the stock hitherto, consisted of Messrs.George I. Seney, C. S. Brice, Gen. Samuel Thomas, C. R. Cum-mings. President of the road, John T. Martin, E. H. R. Lyman,Walston H. Brown, A. M. White, Nelson Robinson, Daniel P.Eells, and one or two others. For every $13,333 paid in incash, the subscribers received $10,000 in first mortgage bondsand 200 shares each of common and preferred stock, making

$50,000 in stock and bonds at their par ralae. Selling thestock at the prices above-named and the bonds, say at par»the profits may readily be calculated.

Northern Central.—The following? Is a comparative state-mentof earnings and expenses of the Northern Central Railroadfor September, and for the first nine months of the year:

Ntne tfonlH*-Sepl.-

1 882Oros8 enmingg $5912,43.5

1881.$429,509

$279,011100,147

eiutea Sept. 30.

Operating expenses $299,840Extraor«Un'y expenses. 23,001

Total expenses 8822,847 $379,159 $2,G30,45Z $2,781,'W'

1882.H,421,277

$2,45(>,033220,819

1881.$4,0:iO,25X

$2,4<17.«3i»3i4,ieg>

Netcarnlngs $269,587 $30,406 $1,740,821 $1,248,465

I'ennsylrunla Uallroad.—The gross and net earmngs inSeptember, and froinManuary 1 to October 1, in 1881 and 1882,are specially compiled for the Chronicle in the table below.In September, 1882, there was an increase of |082,5»6 in gmsBearnings and an increase of $271,249 in net. earuiogs. For thenine months there was an increase in 1882 of $3,009,340 in gross,and an increase of 1208,696 in net, earnings.

AIL USES EAST OP PITTSBDRO AND EHIB.. Oralis Sarningt.- -Ifet Eamlngt.-

1881.January $3,189,215February 3,095,614March 3,844,304AprilMayJunoJulyAugustSeptember..,

3.760 3723,836.8973,807,4373.780.4183,809,9783,735,006

. 1882.$3,373,3213.306.7503,912,2933,855,8.504,108,8774,093,7.584,149,1504,671.1794,117,602

1881.$1,206,8611,158,1041,799,2261.055,8101.688.6101,488,5431.490,9711,444.5041,463,177

18S2.$l,07l,20ffi,or!'.i;2t

i,3i!»,.ni1,76«,78»:1,531,3331,647,0932,032.8601,671,873

Total $32,879,241 $35,888,778 $13,395,806 $13,541,943

As to the Unas west ol Pittsburg and Erie, the monthlyreports issued in 1881 and for the current year show the results

below. The company's report, however, states a loss this yearagainst the year 1881 of $1,325,!>02.

ALL LINES WEST OF PITrSBtTBO ft ERIB.

yet Surpliu over all Liabilities. Inc. or Dee. iH1881.

January $38l,.539February 143,497.March 441,901April 496,764May 218,482June Def. r.6.400July 178.533August 355.771September 245,337

Net total... .. $2,403,424

1882.

f9,7411,307

36,53217.047

Def. 101,9563S.880

3;!B.347290.962437,029

$943,281

Deo..Deo..Dec.Dec.Dec.Tuo ..

Ino ..

Dec.Lao..

1882.$371,798261,804:403,36»479,717320.0339.5,288

157,81465,709

191,692

Deo.. $1,462,143

Philadelphia & Reading.—The gross receipts from therailroads, canals, steam colliers and coal barges in Septemberwere $2,019,017 and the net receipts $1,000,682; for the fiscal yearsince Nov. 30, 1881, the gross receipts were $17,403,853 and thenet receipts $7,630,948. i'he gross receipts of the Philadelphia& Reading Coal & Iron Co. in September were $1,469,315 and net.$88,148; since Nov. 30 gross receipts, $12,160,032; net, $749,101.'

The total receipts of both companies together for each monthof the fiscal year have been as follows :

. aross Receipts. .

1880-81. 1881-82.)3,231.6772,451,4662,169,0052,587,7202,6!)9,7062,378,0093,017.9833,448.7903,.591.2013,488,331

December $2,237,045January 2,133,378February 2,140,038March 2,.525,108AprU 2.382,506May 2,651,260June 2,8.50,905July 3,129,316August 3.522,426September 3,336,411

. yet Receipts. .

1880-81. 1881-82.$340,456 $937,542554,769 646,91i

i.

631,402 438,691'

716.709 6.)3,441 1

580,039 708.304823,854 780,574839,300 844,174

1.091,060 1,108,307l,153,2i;6 1.171,2991,128.819 1,088.830

$8,063,674 $8,380,048)Total $26,948,408 $29,563,888

The coal tonnage has been as follows, viz. : Carried on the

.

railroad in Sept., 764,922 tons, against 786,795 tons in Sept.,

1881; and for ten months, 6,679,095 tons in 1881-82, against

6,433,875 tons in 1880-81. The total mined by the Coal & IronCo. and by tenants was 521,479 tons in Sept., against 555,175'l

tons in Sept., 1881; and for the ten months, 4,429,853 tons,

against 4,286,040 tons in 1880-81.

,

Railroad Construction (New).—The latest information ofthe completion of track on new railroads is as follows :

Chicago Milw.aukeo .& St. Paul.—A branch is oomplctod li-om North-field. Minn., east to Cannon Falls, 15 miles.CiuciuiiiUl Wabash & Michigan.—Extended northward to Benton

Haib(U. Mich., 13 miles.Cleveland Delphos & St. Louis.—Extended from Bluffton, O.. east to

Mt. Blauchard, 12 miles. Gauge. 3 feet.

llliuois Central.—Track is laid on the Coal Branch from Baoklngham,111., north to Essex, 9 miles.Milwaukee Lake Shore & Western.—The Pelican Rapids Branch is com-

pleted from Monico, Wis , west to Pelican Rapids, 15 miles.Pensacola & Atlantic.-Track laid from the Apalachicola River, Fla.,

west 21 miles. Gauge. 5 feet.

Sabine & East Texas.-Extended {rom Taylor's Ba.rou, Tex., south toSabine Pass, 14 miles.Tetas It St. Lonis.-Extended from the Leon River to GatesvlUe, Tex.

5 miles. Gauge. 3 feet.

Toledo At lndiaua|)olis.—Track laid from Toledo. O., soutli 12 miles.Union Pacille.—The Colorado Central Division is extended from

Georgetown, Col., to Bakersi ille, 8ia miles. (lauge, 3 feet.

Tills is a total of 124>a miles of new railroad, making 8,314mlle8 thnsfar this year, against 5.639 miles reported at the corresponding timein 1881, 4,388 miles in 1880. 2.739 mil<» iu 1879, 1.635 miles in 1878,1,668 miles In 1877. 1,875 miles in 1870. 986 miles in 1875, 1,363 mllej,

in 1874, 3,075 miles In 1873 ana 5,675 miles In 1872.—JJaifroa*datettt

488 THE CHRONICLE. (yoL. XXXV,

'

COMMERCIAL EPITOME.Friday Night, Oct. 27, 1882.

Sueh changes in prices of merchandise as have taken place

in the past week have been toward lower figure!', favoring in a

marked degree the resumption of exports of wheat and lard.

But the weather has been most too mild for some branches of

trade, and reports of the autumn business are not in all cases

quite satisfactory. The heavy decline in cotton discourages

Southern trade, and the movements in cereals are not large

enough to promote activity in the West and Northwest.

Only a moderate speculation in lard has been reported and

generally at wavering prices, although the position at the close

was somewhat improved. Pork and other provisions have

been dull. To-day mess pork sold on the spot at $23@$23 25 ;

November was nominal at $22 50. Bacon was slow and long

dear was quoted at \\^®\i%o. Beef hams quiet at f 17 50®

$18 50 for Western. Beef ruled dull but about steady at $27®$23 for city extra India mess. Lard opened to-day with an

advance ; the business on the spot was checked by the moder-

ate offerings j later in the day the options were weaker ; sales

on the spot of prime western at 12'60e.; refined to the Conti-

nent 12'60e. ; South America IS^c; October sold at 12 62^c.;

November 12@1207^c.; December n-52?^@ll-62)6c.; Janu-

ary 11-55@11 60c.; February ll-52^@ll-60c.; March 11-57^®ll-eOc; April and May 11-60.; June and July ll-67^c. Tallow

quiet at 8%c. for prime. Stearin e dull at 12J4c for western

and 13e. for city. Butter very firm for fine grades. Cheese

held well at ll@12^c. for State August fine to September

fancy. The following is a comparative summary of aggregate

exports, from November 1 to October 21

:

1881-2 18^0-1Pork lb«. 47,lH2,o'0O 58,292.400Bacon lbs. 3.'i7.371,701 ee-',220,331Lard 11)8. 238.765,530 317,715,993

Dterttme 1882.11,130,400

304,848.63378,950,163

COTTON.Frisat, p. M., October 27. 1882.

Thk Movbmbst of Tka Crop, as indicated by our telesrramsfrom the South to-night, is given below. For the week endingthis evening (Oct. 27) the total receiptfl have reached 241,738bales, against 342,329 bales last week, 206,136 bales the previousweek and 179,883 bales three weeks since ; making the total

receipts since the Ist of September, 1882, 1,167,043 bales, against

1,198,761 bales for the same period of 1881, showing a decreasesince September 1. 1882, of 31,718 bales.

Receiplt at—

Galveston 3,9ill

Indianola, &c.

New Orleans... 5,762

MobUe 2,400

Florida

Savannah 6,924

Brunsw'k, &c.

Caarleston 4,40

1

Pt. Royal, Ac.

WUmlngton.... 1,101

Moreli'dC.,&c

Norfolk 5,G99

City Polnt,&c.

New York 360

Boston :.. 277

Baltimore

PUiladelp'a, Ac. 40

Totals this week! 30,955

Sat. Mon.

8,326

13,475

3.979

9,179

4,533

967

6,976

507244

386

49.132

Tue».

3,329

7,404

3,784

5,646

3.048

398

8,317

498898

Wed.

5,932

11,558

1,141

7,159

3,439

780

5,703

255592

33,572] 36.559

Ihurs.

4,166

10,03

3,619

7,523

4,812

826

7,988

100664

885

40,620

Fri.

4,935

67410.255

9063117

7,671

7524,356

423794256

7,251

9,846

385910164895

50,900

Total.

31,170674

58,55115,829

39744,303

75224,589

4234,866256

41,9349,8462,155

3,615

1642,206

241.738

For comoarison, we give the following table showing the week's

total receipts, the total since Sept.l. 1882, and the stocks to-night,

and the same items for the corresponding periods of last year:

Total lbs. 643,299,231 1,038,228,727 394,!)29,496

Rio coffee has been fairly active on speculation with a moder-ate trade on the spot, with prices showing no marked changefor immediate delivery, fair cargoes being quoted at 9c., whileoptions have declined somewhat ; to-day there were sales at6 6!)c. for November and January, and 6"65c. for March ; mildgrades have been moderately active and about steady. Rieeas been fairly active and steady. Molasses has been dull and

and about nominal for foreign, while New Orleans has beenBelling fairly^ at lower prices, the latest sales being at 5S@65e.Foreign fruits have been very quiet. Raw sugar has been quietand somewhat nominal ; fair refining is quoted now at 7 5-163

Bhda. Boxet. Bags. Melado.Keoeipts since Oct. 1 26,558 2,837 137,817 123Bales since Oct. 1 31.619 138,246 119Stock Oct. 25. 1882 39,S34 8,108 530.120 1611Btook Oct. t6, 1381 56,028 7,580 543.821 63

Beflned has been without any very marked change and thesupplies being moderate the trade has not been large ; crushedclosed at 9%e., powdered at Q%®9%e., standard '• A " at 8%@

Kentucky tobacco has continued dull. Sales for the week167 hhds. for export and 71 hhds. for consumption, total, 228hhds. Prices are steady, lugs 6@7/^c. ; leaf, 7@14c. for exportgrades. Seed leaf continues to show a falling off in the de-mand, and sales for the week are only 2,021 cases, as fol-

lows: 610 cases 1881 crop Pennsylvania 6/^^22^c.; 565•ases 1880 crop Pennsylvania 10®15c.; 300 cases 1881 cropWisconsin Havana seed 12®21^o.; 200 cases 1881 crop NewBngland 12@30c. ; 150 cace-s 1881 crop Ohio 5@6c.; 87 cases86) crop Ohio • '6e. and 100 ca es 1881 crop State private terms.Also 450 bales Havana 80o.@$l 16.

Naval stores have been weakened by larger arrivals ofspirits turpentine particularly; to-day there were sales•t 54e., and the tone ruled very unsettled; common togood strained rosins were quiet at i|!l 85@1 95. Kefinedpetroleum for export was dull and easier at 'i%c. for 110lest and 7?ic. for 70 test. Crude certificates were higher at92'A®95%e., cloeing 9o)^@%%c. Ingot copper was steady;160,000 lbs Lake sold at 18^c.; Baltimore quoted 17?^c. Newdoverseed was active; 8,000 bags sold for October, Novemberand December at 10j6@llc , latter for fancy. Hops very buoy-ant in sympathy with the country and foreign markets; newState are held hero at 85@90c.; 80@85c. are the figures cur-rent iu Oneida county. Old State strong at 76@80e.; Ea-sternsell at 85c.

Oc-an freight room was .steadier to-day and a better businesswas done on the berth. Charter room was slow ; the offeriug.sof tonnage are light. A continued good movement is reportedin cotton charters at the South. Grain to Liverpool by steam894d.; cotton M@5-16d.; bacon 22s. 6d.@25s.; chee.se, 30s.;grain to London bv steam, 7Md.; do. to Glasgow by steam,4®4Md.; grain to Antwerp by steam, 6)^d ; do. to Amsterdamby steam, 7d.; do. to Rotterdam by stean:, 7^d.; grain to CoikMm orders, 4s. 4>6d ; residuum from Philadelphia to Leith, 4s.

1882. 1881. Slock.Reeeiptt to

Oct. 27.This

Week.

Shice Sep.

1, 1882.

This

Week.

Since Sep.

1,1881.1882, 1881.

Galveston 31,179 193,433 17,780 144,660 66,271 74,572Indiauola,&c 674 7,705 5.430

NewOrleana... 58,551 210,504 51,306 283,842 125,57fc 181,227Mobile 15,829 81.832 9,762 65,160 13,543 22,958Florida 397 1,288 255 1,338

Savannah 44,302 210,892 35,551 233,291 98,776 90,309Brunsw'k, Ac 752 3,137 414 3.778

CSharleston 24.589 164,840 35,498 161,930 70,243 80,091Pt. Royal, Ac 423 2,636 103 10,392 523 603

Wilmington.... 4,866 31,323 6,746 31,896 12,950 13,856M'headCAo 256 1,992 746 2,773

Norfolk 41,934 140,254 £9,177 148,962 54,117 46,440Caty Point, Ac 9,840 42,216 10,926 48,523

New York 2,155 6,483 l,43li 6,780 51,432 107,080Boston 3,615 15,630 3,061 25,370 1,265 3,420Baltimore 101 1.523 1,001 7,770 7,020 13,464Philartelp'a,&o 2,206 8,353 1,792 5,866 17,583 10,250

Total 241.738 1,167,043 210..'i87 1,198,761 519.306 044,270

In order that compairison may be imide witti other years, wegive below the totals at leading ports 1 or SIX sejLsons:

Receipts at— 1882. 1881. 1880. 1879. 1878. 1877.

Qalvest'n.Ac. 31,833 17,780 23,760 26,367 27,727 18,004New Orleans. 58,551 51,306 64.726 69,076 16,611 50,098MobUe 15,829 9,762 16,505 15,755 7,669 14,707Savannah 44,302 35,551 44,877 40,706 33,622 27,196Oharl'8t'n,Ao 25,012 35,601 38,112 30,827 25,636 23,860WUm'gt'n, Ac 5,122 7,492 10,430 8,591 7,902 7,20«Norfolk, Ac. 51,780 40,103 43.759 39.634 26.740 28,583All others 9,289 12,992 12,661 14,657 11.373 2,677

Tot.thiBw'k. 241, 73^? 210,58" 254,830 24.5,613 157,23 1 177,33«

ainoe Sent. 1. 1167,043 1193.761 1390.29rt 1222,135 10! .-..3.-.5 732,374

iiovaU Ac.;y. Point, A*

Galveston includes India lOla; Charleston mcludes Port RoyWilmington includes Morehead City, &c.: Norfolk iuoludes City.

The exports for the week ending this evening reach a totalof 141,271 bales, of which 65,940 were to Great Britain, 22,323 toFrance and 53,008 to the rest of the Continent, while the stocksax made up this evening are now 519,306 bales. Below are theexports for the week and since September 1, 1882.

1 Tr««it Endina Oct. 27. From Sept. 1, 18f<2, to Oct. irt, 1882.

ElipoTU

frofn—

Exported to— Bj^nrted to—

Great Conti- Total Great Conti-

lirifn.

18.838

France

3,«SS

nent. Week.

"29.191

BHtain.

45,SS1

Fraiuc

~,838 17.5iktOalveBtoQ 67,2b5

New Orleans.. 22 .1 37 13,630 16,Slf 95,183 72,873 39,216 34,109 146,001

MobileFlorida

Savannah — 14,750 14,700 10, '.78 4,S12 31,989 47.070

Charle8t„l. "... 8.925 4.198 8,118 18,903 5,078 18,601 48.B79

WilmingtOD..

NorfoU 19.153 19,158

New Yori 11,665 2.855 8.83- 8.>,88S 115,450 12,3:7 3il,291 158,064

Boston l,03fi 1,038 J0,H11 20,911

Baltimore 4.' 08 »,ioe ifiU 34,liSl 300 1S3U 4<i,325

tai!adelp'a,&c 8,3-1 3,381 14,911 14,911

Total •5,940 22,333 SS.OOp 141.271 332,730 65.658 145,900 594,308

T f>1 1B«1 . .M ilio S51I si ini S7S'l a-n.ri.'i.s SI5 43.S 92 6»2 529.71*

October 28, 1882.] THE CHRONICLE. 489

^* 111 January and February, 1882, large additions to sur porj

reooipte were made, for om sslons durln? previous weeks of a port

Hon of the City Point, &o., inovorasnt. Conseauently wo have nowrevised our weekly and monthly tallies of receipts from 3ept. 1, 1881,

to Vo\>. 1, 1832, and iuc3orporated tlio omissions In tUo weeks to wUIl-U

they belong instead of lusortlujs tlioiu in bulk la Dooombor aud January.

In addition to above exports, our telegrams to-ni^ht also aive

us the following amounts of cotton on shipboard, not cleared, at

the ports named. We add similar flgures for New York, which

are prepared for our special use by Messrs. Carey, Yale &Lambert, 60 Beaver Street.

OCT. 27, AT—

New OrleansMobileObariestonBavanuab©alvestonNorfolkNew YorkOther ports

Total 1882

On Shipboard, not cUwrat—for

Oreal n.--,. OtherBritain.

'™'«^«- Foreign

20.099None.2,200None.l.-),2S0

2S,2748.5006,500

78,153

1J,527None.

."iOO

4,2008,448None.750

None.

28,423

17.083None.None.10,5007,100l,i0()2,5001,000

45,743

Total 1881 42,703 24,550 55.401 11.782 134,532 509,738Total 18S0 90.2H2 30,770 S4.4:i!) 11.991 173.432 467,775

Ooast-wise.

2.570None.1,0505,7002.9!i6

Nona.None.None.

12,321

Total.

64.385None.3,750

20,. 0033,8S326,7741 1,7.".0

7,500

164,942

LeavingSlock.

70.69313,54366,49372.37032,38827,31339.08231.846

354,364

The Bpeculation iu cotton for future delivery opened the

week under review with some show of strength. Prices ad-

vanced on Saturday last, under tlie reports of a violent stormin Texas, frost in Tennessee, and such general rains at the

South as must have at least impeded the work of picking.

But ou Monday there was a sharp decline, under the return of

clear weather at tlie Soutli and tlie absence of reports that the

recent bad weather had done any serious injury. Tuesdayopened weak from the same cause, but the relatively lowprices then made caused a demand to cover contracts, uponwhich the early decline was recovered. Oh Wednesday, how-ever, there was a fresh decline to tlie lowest figures made in

laany ni mths, and the "bull" party seemed quite demorahzed

,

resulting in a furtlier decline yesterday; but the close was at

some recovc: y, on a demand to cover contracts. The figures

made on Thursday morning were the lowest since May,1881, To-day the opening was somewhat depressed, but aquick reaction toward better prioes followed, under a demandto cover contracts, stimulated by the smaller interior move-ment. The close, however, was at some reduction from tlie

best prices of the day. Cotton on the spot fell oflf 3-16c. onMonday and again on Thursday. The business has been mod-erate for export and home consumption. The excellent quali-

ty and condition of the new crop has caused it to be preferredto old cotton, of which, however, but insigniiioant parcels re-

main. To-day the market was steady, with a considerablebusiness for spe culation, middling uplands closing at 10 1 l-16c.

The total sales for forward delivery for the week are 739,700Dales. For immediate delivery the total sales foot up this week14,155 bales, including 6,703 for export, 4,702 for consumption,1,750 for speculation and 1,000 in transit. Of the above, 4,020 baleswere to amve. The following are the otScial quotations andsales for ^ach day of the past week.

Oct. 21 toOct. 27

.

UPLANDS. NEW 0KLEAN8. TEXAS.

Sat.1

IHou Toes Sat. inoniTaeii Sat. noa. Toet

Ordln'y.^B) S^i

86t8 86,8 S\ 89,s 89,8 8% 89,8 89,6Strict Ord.. 81*18! s\ 8% 93,0 9 9 93,8 9 9Good Ord.. 9\ 9li8 99l6 10 9'>i<, 913,8 10 8»ie 918,8Btr.G'dOnl I<l3i8 10 10 107,8 10>4 1014 107,6 10>« IOI4Low Midd'K io4 107,8 107,8 lO'i 1011,8 1011,8 lO'fl 1011,6 1011,6Btr.L'w.Mld lO's 1011,8 1011,8 lUia 107fl Wb 11',

8

1078 10-8MiddUnK... m,« IO'r lO'a 11 '4 111,8 ll'ia im ll'ie ll'isGood Mid.. iis-ifl 11>8 im 1113 ll'in 115,8 im 115,8 115,8Str.G'd.Mld iiV U»ie

1113,6H6l« 1111,8 111* um ii"i(i III9 ilV

Midd'g Fair 12 1113,8 123,8 12 12 123,6 12 12Fair 12% 12«,6 12«,« 1215,8 12% 12% 1215;'8 12% 12%

Wed8»1(1

Tb. ! Frt. Wed Th.

838

|Fr.. Wed Th. Frl.

Ordln'y.Vlb 8»fl Sig 89|« 1 838 89|« 838 838Strict Ord.. 8^ »*t» 89,8 9 S'he 8"ie 9 813,8 813,6Good Ord.. 9»i« 938 938 !»13,„ 908 9«8 913,8 9«a 9=8Str. G'd Ord 10 913i8l 913,8 lOV 101,8 101,8 IOI4 101,6 101,6Low Midd'gBtr.L'wMid 101 i,h

10>4 101* jl011,8 10>4 10>3 1011,8 IOI4 10%101(1 10>s llO's 10ii,e!l0ii,8 1078' 1011,01011,6

Mldmins... lO^a 10il,e 10ii,«Hii« lO's 10^8 111,, 1078 11078Good Mid.. 11% 1015,8 1016,8 116,8 Ills Uifl n»; 11% liiisStr. G'd Mid ll^ia im n»9 ii4 11

V

111^,811 5,61113,8

nV 115,6 1116,81113,6 1113,8Mldd'g Fair ll".s ll»g UDg 12 12

Fair 12»i, 123b 12»8 12% 129,6 '129,8 12% 129iJ'l29,J'

STAINED.

Good Ordinary tf ft.

Strict Oood OrdinaryLow MidcUingMiddling

Sat.

8%815,,9»8

100,8

noniTae*

716,68%97,6

1038

8%97,6

103^

Wed

8%9' 18

1036

Tb. rrl.

7%811,8914

7%

9>4

MARKBT AND SALES

SPOT MAJtKBTCLOSED.

Sat . .Quiet and steadyMon . St«ady at 3,8 deoTues. SteadyWed.jKasyThurs Steady at 3,, deeF.-l. -Steady....."....

Total I

SALES OP SPOT AND TRANSIT.

150 5301,290 7401,323 654299 1,019

2,991

1

1.08'

Spec-ul't'n

200250

650, a/7il,300

Trati- _ , ,

fit. Total.

1,000

6.703 4.702 l,?,^ 1.000

1,6802,0301,9771,5194.3232,627

14.155

Salet.

65,80081.6006S.900138,900194.700189,800

739.700

Deliveria.

The dally d«llven«H given auov.iare a clually delivered the day pre-Tluus to that OD which they are reported.

Thb 8AI.B8 AifD Pricks of Fotubbs are shown by the follow^^ing ccmprehensive table. In this statement will be found th«daily market, the prices of sales for each month each day, an4the r'lrninif bids, in addition to the dailv and total sale.<i.

;5'

ll

n T

^1 T'!

i2a| i5Ei Bit pli Q3gt f2?i'li?? ml kn Im h^t kn"wSo ?'oSS "•oSS '!'«»• ^-oS- r>-aS'^

sS-f* : b;Eo •. s*.-: 13 : ^i $

(t • ' » I 1

OS*9 <

! 6«:OOo<=

00 IJ

1 909' OsCoi

00 5tDCrt ^1 ^y.coco-j -S * »

00 ro 00 (X.

0)0 2I»*-:

COo«torz) O

-'i -I 2

I «-:coSo

of

00 5^

CO,-.""

00 IJiiici 2

1 00:

ooSo*.*-Ci|iCOM to

99 ?

00 on-Oq<,ttC^

<0M to

99 <

<xw ^I eoo:

coc9VIC.C;;,CO 00

99 <OOO) •<

ooo9

CO 5pi^co 2

oc cOccto c<

99 <1^ w 2

I «.«:scoot;crtOo9i^-ACiUccx to

*•<- 2

I®-i:

ooo9'X0> to

woi 2

ooS«C" « c w<C'-' 00

99 5o*oi 200 'I,-''

I».-:

OOcO

99 <©06 2

! eoo:

OOoOe:-iOobDOC 01

ill

PI

I

99 <0*1 lu 2-riooto^Iaoi:

I c»Co,

wic- 2

SK<»SOOcOcJiyC^

99 -7

OOoOcjidiodon oa to

00 5did> 2

1«to:

r-" >-(»'-'OCoO»<»Cqroro 00

co> s

I»<-:

I 909

99 5M~a 2

I».":^ •.If-'

1 COO

CO M©05

9S00*

o

oa 2

OOqOCJM C ;r<OtO OD

00 ^a. w 2

MMOD^-*99c9aoiOci

00 5da 2

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xC-

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OC9O-jgbc-a

00 IJaob 2

1«*:

19c9

I (COOD

00 ;rr><t gOWfj-1 a*-;

oc

;co

OS: 2

OOoO-.1 ^ C -.1

- Mm--00 =-jao^ob

OLOD 2

18^:

coc9CDOOccO- <C

99 ^cbcib 2

I»<>•;

I909

' cdO;o

00 ^<e» 2

1 «»:

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I ©CtO^ 00

ooa. 00

052

o

00 5toco 2KtOto^16»-:

=00!0:5C:0tool ^

99 ^00 -.'i 2en 00,-.'^

Iaii<»:

t-* ^-lo •"*

ooc9occ>CcbOSO 1^

00

OCoOO-jC CO— »1 CO

< ^o ^a o» 2

o: [«--':,>-, ,-1-' to^-*-woo

60*0

cece 2CD-I "i

I «.«:

WM§M66co0^1 o

00 2

1®.";

'7-2'^«w*oOtO 00

w— [».

"79 <oco 2tOCOw^Iftoo:

>-l-'Cl-'

'7'70-roo^ocoo* o

toco 2«ou>r'IS.t=:

I

"^09' OOtOo *

00 2OOh-^1»cc:

r-^o-rOOOoMOD en

-w b>

w© 2OtO ^I so:

OOJ ''

I«a:

V,M MMC,!- MM-^..-'I

«;

f'T^OfmmOmtoco M

*o-mOm tctoOto

wCit O I

aoS

T1.T1 >

ITOT

?9 ^00 2

1 so:MMio-;

ooOo•JCO CO

MM gWIO "

Ieo:

MM > MM >'7'7' ? "7*7 5

mmOmtooo OS'

I»to:

MM-iM'7'7c>7tOtoCtotoco M

OtO „MO ^I i«t«:WMooMf^ro'ftotoototoM g*

coto 2MM ^I«.«

MMifcM

coccOcotocwO

o oo o

"I

lOMto*"

10 to OtOCO 01 o

5- MM 5 MMa> MO »

"I I^os:

-M MMtO"-*

Qoa> to

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t«>~:

WMOro

i^r >•

— CD*"

WO'-

MO ^!*^^'-

^^O'TCOUOCdMM M

I (i^*:

& ^tOM 2onto "^

> r-M ^ MM ^ MM ^•< "7*7 < '7*7 •? '7'7 -7

I«A.:

I«to:

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MMmM l-'^'y^f.' MMx" MMiMq^totictoM JJ CO

cocoOcotOQD CJt

MM "l

I 9 :

MMtO*-*

n.*.OeotOtO QD

09 COCOQD

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it>i».COMI

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7'r2*7 7»7Sr'7*-rf^O|^ OtCJiOy,OM CO Mto M

I I

<3

I I

I I I

I «: : I «

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I I

I

* Includes sales in September, 1882, for September, 500,200.

Transterable Orders—Saturday. 10-80e. ; Monday, 10-700.; Tuesday,10-700.; Wednesday, 10 6O0. ; Thursday, 10-55c.; Friday, 10-60(1.

Short Notices for October—Tuesd.iy, 10-e7-»10-^9o.; Friday, 10'54a.

^^ We have included in the above table,and sliall continue each weekto give, the average price of futures each day for each month. It will

be found under each day following the abreviatlon '• Aver." The aver-

age for each month for the week is also given at bottom of table.

The following exchanges have been made doriDg the week:

•22 pd. to exoh. 500 Jan. for Mar. 1 52 pd. to exeh. 800 Oct. tor June.-11 pd. toexch. 100 May for June. -11 i>d. toexch. 1.300 Nor. for Ool.

•21 pd. toexch. 300 Jan. for Mar. -12pd. toexch 500 Not. for Oct.

42 pd. to exoh. 300 Dec. for April. -34 pd. to.exch. 300 Jan. for ApriU00 Deo, for Nov. even. 1

490 THE J CHRONICLE. [Vol. XXXV.

OF CoTTOS, as made np by cable andThe Continental stocks are the fl^fure*

Thb Visiblb Sdppltd|jlee»ph, is as follows. — „ . . , ,, ^ .

last Saturday, but the totals for Great Bntam and the afloal

©r the Continent are this week's returns, and consequently

brouKht down to Thursday evening; hence, to make the totals the

•omplete figurefl for to-night (Oct. 27), we add the item of expons

from the United States, including in it the exports of Friday only.

1882. 1981. 1880. 1S79.

ook at Llveroool ..bale*. 448.000 533.000 360.0O0 273.000tSSkStiind^.."..::..-..r!v 75,200 10,200 40,100 ocisa

523.200118,000

2,10027,0003,500

29.300t;.9001.3001,00014,500

573.200139.000

4,30045.20013,00040,10017,5002„S402.30018,600

400.1005ii,500

7,.'iti(>

32 8003,700

2.'J,100

10,7001,680981

13,100

329.18389,800

4363,8731.500

22 00419.4001,283

6 692

203,600 282,310 151,911 144,988

855.310102.000253.00025.000

644.V70218,15016,100

Total Great Britain utock .

took at Havre•took atMarseilliwStock at BarcelonaIS:ook at HamiiurKStock at BremenBtock at AujBterdamStock at RotterdamStock at AntwerpStock at other oouti'ntal ports.

Total oentinental ports....

Total European stocks.. .. 726.800India cotton aHoat for Europe. 1 28,000

SAnaer'ncotton afloat for Eur'pe 310,000

KKypt.BrazlU&cafltforE'r'pe 14,000tock in United StatCB ports .. 519,306took In U. S. Interior towns.. 117.912

Onlted StB tea exports to-day .

.

23.400

Total visible supply 1.815,118 2,111,060 1,895.800 1

Of the above.tbe totals of American and otber descriptions are as

American—Uverpool stock 161,000 416,000 228,000 142.000Continental stocks 84,000 131,000 68,000 51,000American afloiit for Europe.... 316.000 253,000 420,000 312,463Onitert States Btock 519.306 611.270 641,083 521,683Onlted States Interior stocks.. 117,912 218.1.^0 170.676 115.73DOnlted States exports to-day.'. 2.'i,100 16,100 11,000 31,000

lotal American 1,221,018 1.678,520 1,517,759 1,206,891

Eail Indian.BraxU, dte.—

Liverpool stock 287,000 117,000 132,000 131,0<0I^nrtou stock 75,200 40.200 40.100 56,183Oontinentiil stocks 119,000 151,310 8 !,01l 93,988India afloat for Europe 128,000 102,000 ti3,000 81,371WPt. Brazil, Ac, afloat 11,000 25,000 29,000 36.914

Total East India, *0 623,800 435.510 318,011 399.159Total American 1,221,013 1,678,520 1,517,759 1,206,891

Total visible supply 1,845,118 2,111.060 1,895,800 1,606.350Price Mid, Upl„ Liverpool .... «38d. O^i^d. 65iil. 7%!.

J^"The imports into Continental ports this week have been82.000 bales.

The above figures indicate a decrease in the cotton in sight

to-night of 268.642 bales as compared with the same date of 1881,

a decrease of 50,383 bales a-s compared with the corres-

ponding dat« of 1880 and an increase of 239,06s bales as com-pared with 1879.

At the Interior Towns the movement—that is the receipts

for the week and since Sept. 1, the shipments for the week, audohe stocks to-night, and the same items for the correspondingperiod of 1881—is set out in detail in the following statement:

Ef B ggsS.35-3. S g.r§£g5:s-=|2g = £.EB = 3 52

i OS-

OD -^"l 00 t^' -^ H* o;

tt O K- «£ If* CO 1-5

03 <— O O Oi "- to

O CO a. W »^M inOi -Jw ** to It^ i»o tw tn o< (C uD o

c; *- wU M t5

Ot- -)WX QD t)i CS

1-1 to

V coV Cih> o OD to cd 00 oi'V] c c — 'c 'y c^totntF-csoiomctcoccco^-wtcaiasco

MO;c."b^''•-VoC'ff»x'r:cc'^;^Vc:'^)*i: KO:Di©OO'-OC0t0Q0Oi»CG0«l--IWW

Ki <BVi oi>^^ bi'i^ w #^ A o< 00 rfi. o: c)« ^1 be Mco*'to^o;©)t-o<co-JOiaiyo>Oi(oxcocnCJC0tf-Q0-.]Oii-Ct«-COXi-'C:i**XWWC0

MM 03 Myw _tt coMW|C|ow wjP-csp>pooIn O -'I o*w to CO CD o; oi to «o oo'*' c;«V rf* o-.co

0'xocirf>>GDc;i»otOMXW-4c:to<i50:M^

O

Ita

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0> ^MMCCMK> c. C5 o:V"i cn o

WpCCrf^<ICJ«

cociO'O'i—CO aLo i»> :;< ui t^ Oo *--!

tt-ioVki'icIoVc; c;b: to <| ci"!-' o"^*tOM rf;*

cc^io.-i— t-5t-'C':ci~*fcOO'fc^io:totococom*jxeDCiWCooo:r-OOiODO<i'£)*»-QO

O'OO M(P>.MH WW MMttCJtfctOCOlC^pmw_wpMao®Mptotc^^ji-jOtf».;-jc;<cjDMbscx'cow'tc'^ocj'fswwV'iooo'^oooK,,**^ — <]tCtOtOCCCOt**W*£-tOWtOXMO<C'tO'l-'ViaCt£*QDaJKJOi**-tt-C-Jt>iOOJJCM

COOMWCiMfcO tew - CO tow to CO Oi

OS-tt-Olft-COODCj'O-jpOMCOrocia: ^O:ICtO<]OCD<l>^H*tOlO^Ot-'C'iOOWtOCDCC!M

COto

CO p to to CO to to CDCO e>l<3bToco<ii-^ '—

rj I ICC cc-K-i'-j ' c

rfkjU Mp*'Mf';-lQO pMOiQopCO*^^bic Oiw»-MV3biOM^OtO<lO b<cci*c;itt^'-jio«QDj-booi»toc:tt-aooo;a'Cjtto — rOM»*OCC5-^l>-'0ca-4O3-qOCCCif^Q0 *J,C»J CO

^&3

CD*

8S

' This year's Huures eMlmated.

The above totals show that the old interior stocks havecreased during the week 18,384 bales, and are to-aight lOOj

tn-238

bales less than at the same period last year. The receipts atthe sfime towns have been 5,367 bales more than the same weeklast year, and since September 1 the receipts at all the towns;are 63,333 balea less than for the same time in 1881.

Receipts rBOM thb Plantations.—The following table is

prepared for the purpose of indicating the actual movement eacliweek from the plantations. Receipts at the outports are some-times misleading, as they are made up more largely one yearthan another at the expense of the interior stocks. We reachtherefore, a safer conclusion through a comparative statementlike the following. In reply to frequent inquiries we will addthat these figures, of course, do not include overland receipts orSouthern consumption; they are simply a statement of theweekly movement from the plantations of that part of the cropwhich Anally reaches the market through the out-ports.

BECBIPT8 FROX PLANTATIOKS.

Wukt tiding—

Auk. II

•• 18

25

Sept. I.

8•' 13" 22" 29

Oct. 6,

" IS,

•' 30,

" 23

JiMeipts at the Ports.

1880. 1881. 1882.

8,091

8,301!

21,128

43,082

61,117

102,69i

138,413

172,J21

199.004

810,387

238,341

ao4,8»0

13.088

20.538

35,07«

46,722

72.812

91.052

112,293

ISl,75fi

171,81(1

191,058

li>2,53l

210,587

4,Si:

6,3S6

12,352

23,032

28.8S8

40,512

77,223

I80,47u

1T9,K.S3

200.1.S6

242,329

241,783

St'k atlnterior Towra. nec'pts/rnm Plant'tu

1880.

38.800

33.471

32.712

39.302

51,874

77,888

96.331

128,509

147,913

179,792

209,57;

1881. 1882.

48.273;

45.371

40..|g^

48,422

57.110

75,452

108.770

124,520

155.159

198.581

228.7t5

18«0. 1881.

167

19,

29,

46;6.8fl2i229.

96

125.

J.9,S^,10«,

)62a|lflO,

2j2

5 675 231

5.039 268.

i,317!284,

S,8»4

I7J186

30.199

8i.052

83,000

,007 1112.094

,01/7 140.820

.204i

,926,

,3231

,707

1888.

IE5,503|

205.843,

2S2,00«;

.220 224,755

,6131233,334

1.43»

17»»-10,144

24.231

29.881

52.108

88,093I

153.1 la

210.123

1,224.949

271.603-

!266,0te- I

The above statement shows—1. That the total receipts from theplantations since September 1, in 1882 were 1,289,875 bales; in

1881 were 1,404,868 bales; in 1880 were 1,561,033 bales.

2. That, although the receipts at the out-ports the pa-st weekwere 241,738 bales, the actual movement from plantations wa»-256,016 bales, the balance going to increase the stocks Atthe interior towns. La-st year the receipts from the planta-tions for the same week were 233,334 bales and for 1880 theywere 284,613 bales.

Amount or Cotton in sight Octobee 27.—In the table beV^y"we give the receipts from plantations in another form, aiiv.

add to them the net overlaud movement to October 1, andalso the takings by Southern spinners to the same date, so as to

give substantially the amount of cotton now in sight.

Ueeolpts at the ports to October 27 Iialos,

lutci'ior stocks in excess of Sept. 1 ou Oct. 27.

Total receipts from plantations.Net overland to Oetol>er 1Southern consiimptiou to Outobar 1.

Total in sight October 27

1882. 1881.

1.167.0433 22,832

1,289,,'<7517,68028,000

1,335,555

1,398.761206.107

1,404. 86ff-30,896-20,000

1,455,761

It "Will be seen by the above that the deci'ease in amotmt in sightto-night, as compared with last year, is 1 20,209 bales.

Weather Reports by Telegraph.—The weather has been

very favorable for crop purposes during the past week alinosc

everywhere at the South. Picking ia making excellent-

progress.

Galveston, Texas.—There has been no rain anywhere in the

State during the past week. No serious damage was done bythe recent rains. Crop accounts are more favorable. Picking:

is making good progress and unquestionably the crop will be

the largest ever grown. Average thermometer 69, highest 7&

and lowest 59.

Indianola, Texas.—The weather has been warm and dry

during the jiast week. Good progress is being made in picking:

and the crop will be fully a bale per acre, perhaps more.

Dallas, Texas.—We have had no rain during the past weak.

Crop accounts are more favorable and picking is makingexcellent progress. The yield will be large. The thermometer

has averaged 63, the highest being 82 and the lowest 44.

- Brenham, Texas.—We have had warm and dry weather all

of the past week. Picking is making good progress, andprospects are first class. The thermometer has averaged 70,

ranging from 55 to 84.

Palestine, Texas.—The weather has been warm and dry the

past week, and picking is making good headway. The crop is

magnificent. Average thermometer 64, highest 79 and low-

est 48.

Euntsville, Texas.—We have had warm and dry weather

during the past week. Excellent progress is being made in.

picking, and we will make just as much cotton as can be

picked. The thermometer has ranged from 44 to 81, averag-

ing 63.

Weatherford, Texas.—We liad no rain during the past week, •

;

The progress made in picking is very satisfactory. We have

had no frost yet but came verj- near it, Crop accounts are

r.

i

CxirroBEB 28, 1882. | THE CHRONICLE 491

more favorable, and the yield will be very good. The ther-

mometer has averaged 55, the highest being 75 and lowest 35.

Bellun, Texas.—^We have had no rain during the past week.The weather was quite cold on one night but high winds pre-

vented frost. Ciop accounts are more favorable and picking is

progressing finely. It will be dilFicult to pick wliat has beenalready made. Tlie thermometer has ranged from 33 to 81,

averagings?.Liiliny, Texas.—There has been no rain the past week.

Good progress is making in picking. The crop is the best for

many years and perhaps the best ever made. Average ther-

mometer 63, highest 83 and lowest 41.

New Orleatus, Louixiana.—We have had no rain during thepast week. Tlis tlierniometer has averagetl 68.

Shreveport, Louiniana.—The weather luis been clear duringall of the week. Wo have had light north winds and coolweatlier. The thermometer has ranged from 47 to 80.

Vickuburg, MUsiniippi.—Telegram not received.

Colambiix, Mississippi.—We liave h.ad no rain during thepiist week. The thermometer has averaged 63, ranging from46 to 79.

Little Rock, Arkansas.—The weather has been clear andpleasant during the past week. Average thermometer 60,

highest 77 and lowest 45.

Memphis, Tennessee.—We have had no rain during the pastweek. The weather has been bright and clear. We have had41 frost, but not a killing frost. Good progress is beingmade in picking. The thermometer has ranged from 46 to 77,

-averaging 62.

Nashville, Tennessee.—We have had no rain during thef>a8t week. The thermometer has averaged 60, the highest«eing 78 and the lowest 43.

Mobile, Alabama.—It has rained on one day of the pastweek, the rainfall reaching two hundredths of an inch. Pick-ing is progressing finely. The thermometer has averaged 63,

ranging from 03 to 76.

Montgomery, Alabama.—It lias rained on one day of thejast week, and the remainder of the week has been pleasant.The rainfall reached nineteen hundredtlis of an inch. The•days have been warm and the nights have been cold. Pickingis making excellent progress. The thermometer has rangedfrom 49 to 75, averaging 63.

Selma, Alabama.—We have had no rain during the past•week. Picking is making good progress, and the crop is

being marketed freely. Average thermometer 60, highest 70«iid lowest 50.

Madison, Florida.—Tiie weather has been cold and dry-all of the past week. We have had a frost, but not a killingfrost. Tlie tliermometer has ranged from 56 to 70, averaging 63.

Macon, Georgia.—We had rain on two days during theearly part ef the pas* week, but the latter part has been clear«nd pleasant. We have had no frost yet. Average thermom-eter 60, highest 81, lowest 40.

Columbus, Georgia.—We have had no rain during the pastweek. The thermometer has ranged from 60 to 74, averaging«8.

Savannah, Georgia.—It has rained on four days of the pastw^eek, and the remainder of the week has been pleasant. Therainfall reached one inch and thirty-two hundredths. Thethermometer has averaged 63, the highest being 77 and thelowest 50.

Augusta, Georgia.—We liad heavy general rain on two days'during the eai'ly part of theiiast week, but the latter portion lias

"been clear and pleasant. The rainfall reached two inches and•eleven hundredths. Planters "are marketing their crop freely.

The thermometer has averaged 58, ranging from 42 to 78.

Atlanta, Georgia.—Telegram not received.

Charleston, ISoiUh Carolina.—It has rained on two days of*he past week, the rainfall reaching one inch and ninety-twohundredths. The tliermometer has ranged from 53 to 78,

averaging 63.

The following statement we have also received by telegraph,•lowing the height of the rivers at the points named at 3 o'clock

October 26. 1882, and October 27, 1881.

New Orleans Below high-water markMemphis Above low-water markNaehvUie Above low-water mark.Bhrevojtort Above low-water markTiokabar^ Above low-water luark -

Oct. 26, '82. Oct. 27, '81.

Fett. hich. Feet. huhIH 11 116 1 16 71 6 11

11 7 12 109 7 19 2

New Orleans reported below high-water mark of 1871 until

Sept. 9, 1874, when the zero of gauge was changed to high-watermark of April 15 and 16, 1874, which is 6-10tn9 of a oot above1831. or 16 feet above low-water mark at that point.

Ellison's Anndal Cotton Review for the Se/Vson of 1881-

82.—In our editorial oolumus will be focmd all the figures and

results of Mr. Ellison's annual review of the European cotton

trade for the season of 1881-82, as received to-day by cable.

We give the spinners' takiag.s/eonsnmption, stock, &o., and

also Mr. Ellison's estimate of European imports, deliveries and

atocks the season of 1882-83.

Jute Butts, BAOoisa, Etc.—Since our last report but little

cliange is report 'd in the market for bagging, and business has

not improved. The demand coatinnea of a jobbing character,

few large transactions being reported. Prices are nncbangedand, while sellers continue to quote l\ia. for l)i lbs., 754c. for

1%, lbs., 8>^c. for 21be. and 9>6c. for standard grades, a pare*!

could be obtained a shade les.'i. Butts are being ioqaired forrather more freely, though principally for lots to arrive, andsome transactions are reported, about 5,000 bales being ptac«d-

The demand for spot parcels is rather slow and we hear of boimportant movement. Prices are easy and sellers are qnothi|^

2 7-16@2%c. for paper grades and 2 ll-16@2J4e. for baggings

qualities.

Tirs Nbw Eotptian Cottoiv Crop.—Mr. Fritz Andres, of Alex-andria, writes as follows respecting the new Egyptian crop.

I.ivHHPOOL, Oetolier 5, 1882.The rfti>ld 8uppre«nlon of the rebellion In Egypt h:\» Kn timatciy Raved

the cottou crop anil enabled im tn resume baHlneM In Aleriindrlu.The nniortH about hIzh and (pialitv of thn nnwcrnp :in' »ttll onflictlng.

Crop estlMiateH jro from 2 U) 2>-i nillilon eaiitam.aDd arrivulH are expectedill suiall quantli lea about the end (if thin month. Ilow-ver. /<ir(7CT- nnp-pli('» cannot arrive In Kurope under the most favoralile rlroumatoncoabefore the middle nf I)eeeml/fr. The means of tranBjKirt for produc* la1 «yi>t are siill much di»orxanized ; the railway* are all monopolized bythe mllltarj' service, and «onic tiiuu will alHO elapne before all the ^tn-nlHK works can be etttrte<I ajcaln. There Is a want of rntdneer* andEuropeans (;""ir.iUy. and places iu the interior not ocoupl.^d by theBritish troops are u»t yet safe tor E4iropeaiis, aud mariy were conipclledto return to Alexandria again. It will certainly ti.ke con«ldurable timetill the former confiilence and harmony are re-entahlisheil.

I am of opinion that under these ciicunistanres the present low levelfer NoTemlier-Decemher shipments Is hardly Justirtert, as the value ofthe first plekmc is always much greater than the later reeeiiits.About qualily of tlie new crop It Is too early to form an opinion.

CoMPARATiVB Port Rbobipts asd Daily Crop Movbmrht.—A comparison of the port movement by weeks is not accarata

as the weeks in different years do not end on the same day of

the month. We have ojnsequently added to our other standing

tables a daily and monthly statement, that the reader mayconstantly have befo»e him the data for seeing the exaot relativo

movement for the years named. The movement each monttt

since September 1, 1882, has been as follows.

t^ In January and February, 1882, larijo aildltions to our portreceipts were made for omissioas during previous weeks of a portlqa of

the City Point, <Scc., movement. Consequently wa have now revisea oarweekly and monthly tables of receipts from Sept. 1. IS81, to Fob. 1,

1882, and incorporated the omissions in the weeks to which they belooif

instead of insertlngfthein in bulk in Deoember and January.

1882

HonlMyReceipts.

Sept'mh'r 326,65(1

Pero'taRe of tot. ponreceipts 8ipt. 3 ) .

Year Beginning September 1.

1881.

429,777

0»10

1880.

458,478

07-HO

1879.

833,643

0«-67

1878.

288,84'

0'i^49

1877.

9.5,272

0219

This statement shows that up to Sept. 30 the receipts at theports this year were 103,121 bales less than in 1881 and131,822 bales less than at the same time in 1880. The receipts

since September 1, 1882, and for the corresponding periods of

the five previous years have been as follow.i:

This statement shows that the receipts since Sept. 1 up to

to-night are now 20,701 bale* more than they were to the same

day of the month in 1881 and 128.548 bales less than they were

U. the same day of the month in 1880. We add to the table

the percentages of total port reoeipt.s which had been received to

October 37 in each of the years named.

492 THE CHRONICLE [Vol. XXXV

UiDiA Cottoh Movembut from all Ports.—We have dnring

the past ye»r been endeavoiing to rearrange our India servioe

o as to make onr reports more detailed and at the same time

more aoonrate. Hitherto we hare fonnd it impossible to keepout of our fignrw, as cabled to ns for the ports other than

Bombay, cargoes which proved only to be shipments from one

India port to another, 'i he plan we have now adopted, as wehave reason to believe, will relieve us from the danger of this

inaocnraey and keep the totals correct. We first give the

Bombay sUtement for the week and year, bringing the figures

down to October 26.

IUMB4T BSCBirrS AWD SHrPMgWTg FOR FOOR TBABS.

Year

1882188118801879

Bkipmenlt Ihia week.

Great Oonti-BrWn. nent

3,000

1,000l,'>00

Total.

Shipments txnce Jan. 1.

Oreal OoiM-Britain nenl.

4.000 7.000 782,0005.0001 8,000 314.0006,0110 7,000 380.0004.000! 5,000|2.')2.00<)

012,000s.'io.ooo.iOO.OOO3.14.000

Total.

1,374,000870.000griO.OOO006,000

Receipts.

ThisWeek.

6,00011.0008.0007,000

SinceJanJl

.

According to the foregoing, Bombay appears to show a

decrease compared vrith last year in the week's receipts of 5,000

baleM, and a decrease in shipments of 1,000 bales, and the

ehipmentfl since January 1 show an increase of 504,000 bal«s.

The movement at Calcutta, Madras and other India ports for the

last reported week and since the 1st of January, for two years,

has been as follows, "Other ports" cover Ceylon, Taticorin,

Kurrachee and Coconada.

ShipmeiUs far the week. Shipments since January 1.

OreatBritain.

Conti-nent.

Total.Oreat

Britain.OontUnent.

Total

Oalontta—18K21881

MadraB-18821881

All others—18821881

700

1,7001,100

"ioo

5.000 5.700

1,7001,100

"ioo

108.700112,800

53,70021,700

51,10025.500

38,50037,800

5,000600

11,6006,400

147,200150,600

58,70022.300

65.70031,900

Total all—18821881 ...

2,4001,200

-

5.000 7,4001.200

210,500Ifl0,'i00

55,10044,800

271,600204.800

The above totals for the week show that the movement from

the ports other than Bombay is 6,200 bales more than sameweek last year. For the whole of India, therefore, the total ship-

ments since January 1, 1882, and for the corresponding periods

of the two previous years, are as follows:

EXPORTS TO B0ROPE FROM ALL INDIA.

1882. 1881. 1880.

•0 atl Europefrom—

Thisweek.

SinceJan. 1.

Thisweek.

SinceJan. 1.

ThUweek.

SifueJan. 1.

BombayAll other p'rta

7,0001,374,0007,400 271,600

8,0001,200

870.000204,800

7,0002,000

800,000222,000

Tnf«l 14.400 1,845,600 0,200 1.074,300 9,000 1,082000

This lam atalemeut affords a very interesting comparison ot the

total movement for the three yeara at all India ports.

Alexandria Rbckipts ahd Shipmbxts.—Through arrangements

we have made with Messrs. Davies, Benaohi & Co., of Liverpool

and Alexandria, we now receive a weekly cable of the movement^i

of cotton at Alexandria, Egypt. The following are the receipt*

and shipments tor the past week and for the ooiresponding weekof the previous two years.

Alexandria, Egjfpt,October 26.

Receipts (oantars*)

—

This weekSince 8ept. 1

1882.

75,00081,700

1881.

150,000472,550

1880.

130,0002tj5,5eo

Exports (hales)—To LiverpoolTo Cootiiient ...

TotR^ Vnropf^ 4.-'>00

This Sinceweek. Sept. 1.

4,500 7,000

Thisweek.

9,0001,770

7.000; 10,770 25 060

SinceSept. 1.

20.50014.560:

This,

Sinceweek. Sept. 1

8.500 20,0003.010

S.flOO 23.610* A. UM' I to 'Ja 106.

This "tat^ment shows that the receipts for the week ending

Oct. 26 were 75,000 cantars and the shipments to all Buropewere 4,500 bales.

Mahchbstbb Market.—Our report received from Manchesterlo-night states that the market has been weak, but is now better

and firm at a slight reduction is prices. We give the prices of

to-dav below, and leave previous weeks' prices for comparison:

1881.

Beeeiplsfrom—

A'g.25Sept. 1

•• 8" 15" 22" 2a

Oct. 6" 13" 20" "7

1882.

32« Oop.Twist.

d. d93b » 9%

0% a ifs938 a O'si>i>8 a 9%

Si's ® s*\!i3e a 9^

8>4 lbs.

Shirtings.

A. s. d6 as4i»»7 ID'S4Jaa7 lOia4i9»7 in\4iaa7 10)43 »7 9i»sa7 8lisa7 9li*®" 90»nW7 7Vi

Oott'nMid.XTplls

d.7197^87

I'"6T8

66a6«»

69l6

32( Oop.Iwist.

d.8^8 «8'8®

8''8 a9 a9^8 a9iea9 -a9 9

d.9i«

91a9i«

91a9^9!^9%9^)91a

8I4 tbt.

Shirtings.

A. s. d51397 81s519*7 81s5^*7 81s5i«a7 Sij6 as6 -as6 «86 ®8fl -as« as

Oott'nMid.Vplds

d.eiBie

6"i«7147»16714

r,'«6''8

61|963g

6''l6

This year.

Last year

Ifew York.

This Sinceweek. Sept. 1.

03633.06210.832

2663.3662.''91

13.941

2,155255

3S,33747.35857,609

'"497

39.9869.887

37.074

6'4851.002

43,025 237,435 10.373

Boston.

This Sinceweek. Sept. 1

4.944

5362,2282,065

37.545 223.426111,780

12,211

Philadelphia.

This Sinceweek. Sepl.l.

8,59713,7 1.>

11,053

46,506

880

795

i'.i'ii

2,106

5,216

42.838 1.231

4,578

2,956

8'.218

6^042

21.794

11.299

Baltimore.

This Sinceweek. Sept. 1.

4.453

925

6,544100268

12.290

7.421

21,563

6,6491,215

21,350179

1,359

52,315

36,828

Shippino News.—^The exports ot cotton from the fTnitedStates the past week, as per latest mail returns, have reached115,354 bales. So far as the Southern ports are concerned, theseare the same exports reported by telegraph, and published inthe Chronicle last Friday. With regard to New York, weInclude the mfmifftsta of all vessels cleared np to Wednesdaynight of this week:

Total balei.New York—To Liverpool, per steamers Baltic, 530 Cata-

lonia. 3.874. ...City of Montreal, 3,263. ...Helvetia, 2,766....Wyoming. 1,3H2 11,688

To Havre, pflr steamers Amerlque. 2.655 Frcja, 200 2,856To Bri>men per steamers Oder, 1,750 Werrn, 2,673 4,423To HamliiUK, per steamer Wlcland, 765 765To Antwerp, per steamers Nederland, 850 Pieter de Con-

iU(!k, 400 1,250To Amsterdam, per steamers Castor, 331 P. Caland, 599. 930To Copenhagen, per steamer Tningvaila, 1,000 1,000

Nbw ORLEANS—To Liverpool, per steamer Merchant, 2,990 2,990To Havre, per steamer Lord Collingwood, 2.999 2,099To Bremen, per Hteainer Iluhenstauffeu. 4,843 4,848ToKeval, i)er steamer Ralsby. 7,014 7,014To Genoa, per steamer Glenbervie, 4.567 4,567

Charleston— To Liveriwol. per steamer Annie, 4,901 Uplandand 227 Sea Island 5,128

To Reval, per steamer Wolviston, 4,600 Upland 4,600To Barcelona, per brig San Antonio, 4%$ Upland 458

Savannah—To Liverpool, per steamer Knight Templar, 4,811Upland 4,811

To Barcelon",. per steamers Europa, 5,550 Upland—Nym-phapa, 6,026 Upland 11,576

Texas—To Liverpool, per steamers Armathwalte, 3,835 Pro-pitioiLS. 5,172 9,007

To Reval, per steamer Plessey, 4,815 4,815To Vera Cruz, pnr steamer Whitney, 700. . .per bark EdmundRiohard-on. 970 1,670

SORFOLK—To Liverpool, per steamer Hector, 5,671 5,671Baltimore—Tn Liverpnol. per steamers Compton, 52J— Ness-

more, (additional) l,3i8...Nova Suotiau, 1 833...Menmon,1.100 Menmore. 4.483 Thanemore. 2,551 12.137

To Bremen, per steamers Hermann, (additional) 1,037

—

Strasaburg, 2,OS3 3.120Boston-To Liverpool, per steamers Cephalonia. 2.101 lUy-

riau, 1.991.... Palestine, 2,017 6,112PHiLADELi-niA—To Liverpool, per steamer Illln5is, 918 9l!J

Total 115,354

The particulars of these shipments, arranged in onr usual

form, are as follows:Bremen

Liver- d Ham-pool. Havre, burg.11,605 2,855 5,188

2,999 4,813

The Following akb thb Rbcbipts or Cotton at New York,Boston, Philadelphia and Baltimore £or the past week, andsince September 1, 1882:

Sew YorkN. Orleans. 2.f90Charleston. 5,123Savannah.. 4,811Texas 9,007.Norfolk.... 5.671Baltimore.. 12,137 3,120Boston 6,112PhUadelp'a 948

Baree-Retal. lona. Genoa.

VeraCruz.

7,014 4,5674,600 458

11,5764,815 1,670

Total.22,88»2'.2,413

10,18616.38715.4925,671

15,2576,113»48

Total -. 58,169 5,854 13,15116,129 12,031 4.567 1.670 115.354Included in the above t0t.1l from New York ate, 1 ,250 bales to Ant-

werp, SCO bales to Amsterdam and 1,000 bales to Copenhagen.Oottoa freights the past week have been as toaowj*|

Liverpool, steam d.

Do saU...<2.

Havre, steam. ...e.

Do sail e.

Siiemen, steam, .e.

Do sail e.

Hamburg, steam. <J.

Do saU...d.

Amsfd'm, steam.c.

Do sail...d.

Baltic, steam d.

Do sail c.

Baroel na, steam.c.

Do 8ail...e,'

Satur.

Hft^h

•16-

»3e'

H'

Mon.

l^-^o

»i«*18'

»18*

la'

»8*

V

Tues.

*ie*

H'

Hi*

38*

%*

38*

ir«?n«.' Thurs.

'4®»16

•Is* 'le

'in

Is*

Hi

38*

V

Fri.

14**1S

V

V

' Compressed. ^^ , „ .

LiVBEPOoL.—By cable from Liverpool, we have the following

gtatemaot, of the week's sales, stocks. &e.. at that port:

Sales of the week bales.

Of which exporters took—Of which speoulatorB took..

Bales AmericanActual exportForwardedPetal stock -EstimatedTotal stock—ActualOf which American—Estim'oOf which American—Actual.

Total Import of tne week...Of whlcn American

Amount afloatOi wbk^h > i»^/^ri,Hin

Oct. a.

50,0004,000500

37.5007,8005,100

459,000

163,000

36,50014,500

183.00076. Ill"

Oct. 13.

64,0004,9002.300

46,0006.5005.300

436,000

114,000

4.">.000

30.000217,00011 4 000

Oct. 20.

48 OOc6,5007O0

31,5005,0005.500

419,000

1.50.000

"cV,ob7;38, .501

22>^,00i140.f><V

Oct. 27.

53,0006,100530

33,5007.4008.500

448.000

lei'.odo

oi'.obo52.000

221.000i4(!.ono

October 28, 1888.] THE CHRONICLK 493

The tone of the UverpooJ market for spota and futiirea each day of theweeK emtlng Oct. 27, aud the dally oloeing prices of spot cotton, havebeen as foUows:

Bpot.

Market,19:30 P.M

Mld.Uprd»taia.Orl'ns

BaleeSpec&e^p.

Market,S P. M.

Saturday

Mod. log.freely

snppMed.6I9

7,00(11,000

Bteadf.

Steady.

Monday.

Mod. Inq,freely

supplied.

B'^

8,0001,000

Stewly.

Dull.

Tueiday.

Fair bus.at previ-ous prices.

6I9

10,0001,000

steady.

Steady.

Wetinu.

Busier.

10,0001,000

Dull.

Weak.

Thurtd'y.

Mod. IxiQ.

froelysupplied

6'i«6li,«

10,0001,000

steady.

Steady.

n-ulay.

Mod. inq.freely

tuippili' 1.

6386\10,0001,000

Dulland

easier.

Theaotoal sales of futures at Urerpool for the same week are givenkelow. These sales are on the basis of Uplands, Liow Mliidliux dausi

,

unless otherwise stated.

BATDBDA.T.

Delivery. d. I Delivery. d.

Jan.-Feb ..68«4 |Mav-Jiine 618b4

Feb.-Mar GiOa., 1 JuueJiUy ..6'^i4al'e^Mar.-Apr O'lei Feb.-Mar 69b4Apr-May 6i3g4

| May-June.. Qitna^^a*

MONDAY.

I

Feb.-Mar... eUj^aiOft,IMiir.-Apr 6i3«4

I

June-July.. 6il>fl4a'8«4May.June 6'*n4

1 Mar.-Ai)r 61«64

TUESDAT.Mar.-Apr 6io«4

Apiil-Mav *>^''^rt4

May-June '''*fl4

Juue-July.. 6i8,)4®"(i4Oct.-Nov 6''l64

Nov.-Deo 68fl4

Wkdnkbday.

Delttery, d.Oet fl^fl4OOt-NOT 61384NOT.-Deo 6S«4

Deo.-Jan 6^84

Oct 6^(n\Oot.-Nov.. .616«4»H«4

I

NOT.-Deo.... Oio„4«9,,4I

Deo.-Jan 6iOe4a9g4Jan.-Feb.... 6io«4®864

I

Oot 69«e4®»MOot.-NOT «12ft.

Nov.-Deo (iloiJan.-Feb etg,Feb.-Mar 6864

IOot 6«l64

|O0t.-NOT 61384

IDeo.-Jan 68g4JBn.-Feb 6844

I Mar.-Apr 68,4IOot.-Nov 6i«e4

INov.-Ueo 6164

IJan.-Feb 07«4

I

Mar.-Apr. ... ..610841 MayJune 6lBg4

Oct... 62B64a**64®^*e4Oct.-Nov 61164Nov.-Deo 67,4Deo.^an 6764*^64Jan.-Feb O'^ii^iFeb.-Mar (i8„Mar.-Apr.. ..6i084®9s4Apr.-May tilS84

May-June ..6'5e4®'*e4Juno July.. eHg^ais

,,

July-Aug 61864

Oct Ci«)64®'»ll4Ooi.-Nov 6fle4

Dec.-Jan 6594Feb.-Miir 6764May-June 61^64Oot.-Nov 68f4Nov.-Deo.. . .6564^*64

Thursday.Apr.-May e8«4.May-June .. 111064® 1I64

Juue-July ..61264 *'3^4.,, - -, . July-.Vua 61384

Nov.-Deo 62„4®-n4IJune-July tii364

Def.-.Ian G^mSH* Oct 6i3i,'ai3«4Jan.-Feb 6a64a3„4 1 Oct.-Nov (>364Feb.-Mar 6S64®''e4 Dec-Jan 6*64Mar.-Apr 6«e4 I

Friday.

July-AuK..fil»,!4®*'«4I

Mar.-AprU 6864® 1084 a 1884 a 1664

IApr.-May 61084

Nov.-Dcc 6«64 June-July 61364

Oct 61««4®l'*«4®1S04'1*'»64®'*14

Oct-Nov (iO^i

a*64'3i'a4

Oct 6ll(!4*1284

Oct.-Nov 6*64*^64Nov.-Dcc 63f4Jan.-Feb 6364Feb.-Mar 6364®<.4Mar.-Apr 6''64»%4Apr.-May ;..6*64

'S764®H^j^May-Juuc 610^4June-July ..0I364®1264

Oct fill64

Nov.-Dec 6264Oot 61164Oot.-Nov 64g4Nov.-Dec 6i|,4

Deo.-Jan 6I64Mar.-Apr i\6g^

July-Aug 61464May-June 6964June-July 6II64

Oct 618^4Dec-Jan 6454Jan.-Feb 6»a4Feb.-Mar 6864Miiy-June 61264June-July 61*64July-Ang "'764

May-Jnni... 6IOH4Oct 6>3c4Oct.-Nov 6884Nov.-Deo 6*64Dec-Jan 6»84Mar.-Apr (JTp^

Maj-June 6iij4June-July 613^4

Oct 611,4Oet.-Nov 6Bn4'98n4Nov.-Deo 62e4®''a4Dec -Jan 6284Jan.-Feb 6S,.4

Feb.-Mar t^^tMar.-Ai)r 6884 »784Apr.-May 6954May-June ..S1064»i*64June-July.. 6ii!(i4'»'364

BREADSTUFFS.Friday, P. M., October 27, 1882.

FJour has been more or less depressed of late, in sympathyvrith a declining market for wheat, and the transactions havereached only a moderate aggregate. Jobbing houses Andthemselves well sapplied, and exporters' purchases have beenmainly of the low grades. The quality of the new winter

wheat flour is, on the whole, very fine, but the firm prices at

which the better grades are held curtails their consumption,

though fljnr is now, all things considered, one of the cheapestarticles that enter into anything like a general consumption.Thi- receipts of winter wheat brands have incresed of late, andthis fact, together with the depression in wheat, has caused anespecially weak market for these brands. To-diy the marketwas quiet and steady for winter wheat brands, but dull andheavy for spring.

Wheat has fallen about 3 cents daring the week, and only aModerate business, whether for export, milling, or on specula-

tion, kas taken place, even at the decline. Ocean freights havedeclined slightly for berth room, but this fact has not stimu-lated export transactions, and the scarcity of vessels for char-ter has, under the circnmstances, not been seriously felt. Thestocks on the seaboard are slowly but steadily increasing, andif the supply available at the close of navigation should fall

somewhat short of the estimates at one time current, it seemsquite as certain that there will be enough for any foreigndemand that is likely to arise. The receipts here have increasedand the arrivals at Chicago have been so large as to cause adecline there, the fine weather tnroughont the great wheat belt

also eontribating to the depression. To-day the market was

}&&iifi- higher at the opening, but trade proring qniet there

was a reaction later on ; No. 2 red sold at f1 08M®ll 08^ for

October, 91 08^@|1 09 for November, fl \Q%(a%\. 10% for

December, ?1 11?40|1 12 for January and t\ 13^4®?! 13H tor

Ffbmary.Indian 00m has declined 2 to 80., with small cash transac-

tions, aud a fair business in options. Receipts at the Westhave been large of late and the stock at Chicago has increased,

while the weather in the great corn States has been very favor-

able for drying, and also for marketing the crop. At times

the depression in Chicago has amounted almost to a panie,

bat povrerfal ball operators stemmed the tide, alleging that

there is a large short interest in this month yet to be settled.

To-day the market was irregular, cash com being l(91%o.

lower, while options were }^@V-Afi. higher. No. 2 mixed sold

at 73c., seller the year ; 73^c. for December, and 64c. for Jan-

nary, with 84c. bid aud 85c. asked for October, and 80^c. bid

and 80?4c. asked for November.Rye has sold moderately at about the quotations of last

week. Malt has been neglected. Barley has been fairly ac-

tive at times, and has advanced.

Oats have been sellingto a fair extent at some decline. To-day

the market was quiet and without marked change ; No. 2

mixed sold at 41?ic. for November, 42.J6@43c. for Decemberand 43J^@43)^c,^ seller's option the year.

The following are closing quotations:

No. 2 spring...V bbl. $2 40»No. 2 winter 3 00®Superfine 3 15®Sprtug wheat extras.. 4 25®do bakers' .5 50®

Wis. & Minn, rye mix. 5 .508Minn, clear aud stra't 4 75 9tVinter shlpp'g extras. 4 00 <>

Patents, spring 6 25(^Patents, winter 6 00®

WheatsSpring.per bush.Spring No. 2Eed winterBed winter. No. 2WhiteWhite No. 1

C!orn—West, mixedWest. mix. No. 2.WhiteYellow

Buckwheat

FLOUB.006500252500755050

1

25 1

.... 9®

....

89 ®105 1

lOiSsilOQi*!80 ®1 10

109 ®1 1082 ® 8685 ® sa8:t » 8685 ® 8780 ® ...

City Shipping extras. $5 40* 5 85Southern bakers' andfamily brands 5 75® 7 00

Sjutli'n sliip'g extras. 4 60 9 5 60ItyeUour, superdne.. 3 60® 4 00Com meal-Western, Ac 4 15® 4 25Braudywine, <<H) ® 4 40

Buckw'tllour.lOOlbs. 3 23£» 3 60

Rye—Car lotsBoatloads

Oats-MixedWhiteNo. 2 mixedNo. 2 white

Barley—Oauada No. 1.... 1Canada bright... 1Canada No. 2State, 4-rowed...State, 2-rowed...

69 » 7675 ® 77

39^® 4342 9 AS41>3» ,

45'«» 46

00 »0.5 S10695 a95 ® 9886 a 90

IFrom Ihe " New York Produce Bichaiide SVaeklu.'")

Receipts of flour and grain at Western lake and rlVT ;> -rls

for the week ending Oct. 21. 1882 :

otish,.

Flour,bblt.

At— (196 tbi.\

Chicago 99.500Milwaukee 81.138Toledo 17.659Detroit 3,922Cleveland 2,215-St. Louis 54,544Peoria 825Duluth

Wheat,biish.

(60 »«.)598,05

1

160,495388,807340.03252,059

613,4803,150

Oorit,bush.

(50 lbs.)

379.9596.20027.5767.518500

49.910174,000

Oats, Barley,bush. biuK.

(32 Ihg.) an lbs.)

429.905 269.2705i.-ilO 244.9937S.532 5,66932.1638,86!i

173,422131,375

22,41243.34243.3187S.629

.5(i lbs.

57,33518.1004,393679

19,17418,400

Total 269,833 2,184.134 615,663 909,273 6^5.416 113,073aame time '81. 203,351 929,306 1,787,205 698,343 456.871134,294

Total receipts at same ports from Dec. 26, 1881, to Oct. 31,1882, inclusive, for four years

:

1881-82. 1880-81. 1879-80. 1878-79.Flour bbls. 6,373,101 7,258,856 5,108,551 5,454.55S

y^heat bush. 58,218,810 47,723,213 66.114.32t 82,6iivi,9l2

Corn 63,727.611 115,519,659 132.274,577 8J.021630Oats 3;,240.930 35,471,328 32,637.013 26.5-.;2,974

Barley 8.158.341 7.168,377 6.653.653 7.291.892Rye 2,503,256 3,025,141 3,096,056 4,024.663

Total grain .... 169,350,998 203,912,713 240.823.653 202,543.076

Comparative receipts (crop movement) at same ports fromJuly 31, 1882, to Oct. 21, 1882. as compared with the pre-

vious three rears :

1882. 1881. 1880. 1879.Flour .. . .bbls. 2,105,507 2,140,705 1,839,189 1,709,619

18,301.79044.616,,54510.017,7143,177,0892,025,754

33.064,59941,593.32914,759,6314.047.9171,703.702

42.669.03726.165,4139,460.9074,851,1552,131.127

Wheat hush. 32,874,136Com 14,516.535Oats 15.191,095Barley 3.339.833Rye 1,291,557

Total grain.... 67,233,176 73,111,892 95,169,178 85,277,639

Comparative shipments of flour and g-rain from the sameports from Dec. 26, 1881, to Oct. 21, 1882, inclusive, for four

veara:1881-82. 1880-81. 1879-^0. 1878-79.

Flour bbls. 6,363,494 7.194,163 4.071,862 5,949,042

iVteat..Com....C.M1Sarley .

.

Ui'6

.bash. 45.495,52055.976.09029.934.9353.410,1332.413,461

43,188,81395,441,75029.857,2953.3^5,7941,837,363

70,823,230111,715,112725,803.1963,140.6122,432,8'j4

69,008.00975.060.39418,992,2354,1960173.72J.226

Total grain... 137,230,191 173.721,015 203,116,009 170,936,381

494 THE CHRONICLE. I Vol. XiXV.

Rail shipttteata from Wastern lake aad river porta for 'the

weeks eoded

:

rioar. ..bbU.

1882.Jfeek

Otl. 21.160.474

WI)<»tL.^ij..>.i.i..'.1>uA. 588,098Corn 174.8390«ts 5.">3,240

Bmrler 250.48)l^e... 73,.'i46

1881.Week

Oct. 22.119,8.^7

2}8,3,^01,10^.431549,628134.83894.799

1880.WeeK

Oct. 23.117,438

261,205470,6-!6933,322120,43088,758

1879.Week

Oct. 25161,486

371,970307,131401,153230,13657.368

Total 1,610.808 2,146,061 1,874,401 1.387,767

£l»iland lake sUpmeata from same porta for laatfout weeks:

Wtek FUmr,imiMia— bolt.

Oqt. 21.. .2.58.515Oct. 14. ..261.3300«t. 7... 2 10,029eetpt. 30. ..221,015

Wheat,frlMA.

1.284.1I>01.940,0612.138.1301,870,814

Corn,butt/i.

8n0..=>731,107.09'J1,077,185751.100

Oalt,buirh.

700.284731.83*816,117771,350

Barley, Rye.bush. bituh.

262.533 135,720298.533 7.1.971217,679 66,8533 56.291 82,697

JPo«i,4wto.i»a0.8894w'ka 81. .763.330

7,2!Wa05 3,

3,220,582 8,

fieceipta of flour aad grain

•nded Oct. 21:

JTokC, Wheat,At— bblM. bnth.

Kew York 15;.656 1,799.100Boston 92,335 48,025

829.2.54 3,019.689600,399 2.626,393

964,056 361.241750,120 30t>,013

at seaboard porta for the week

PortlandMontrealrUladelptUa...BaltimoreNew Orleans...

95030,43720,.->01

24.61017,097

192,43860,600

36 J,000329,702

Corn,bttsh.

60,312103,120

4.5007.444

23,5003,700

14,639

Oatt, Barley,bush. btuth.

i254,418 329,150101,300 12,525

2,2003,124

12,25025,41111,785

Rye,biuh.

63.4001,000

14,00049,200 500

2,955

Total week... 337.580 2,791,865 217,215 410.488 401,875 67 835Oor. week '81.. 237,406 1,»03,862 1,072,616 479,137 208,825 101,914

Total receipta at same porta from Dee. 26, 1881, to Oct. 31'

18S2, as compared with the previous three T(»ar9 :

1881-82. 1880-81 1879-SO. 187H-79.Clou bblB. 9,605,012 10,356,525 8,425,304 8,705.064

Wbeat..OoraOats...Barley

104,413,976120.459,04019.270,5832,677,2181,887,112

Xotal«raln ....122,864,799 197,201,621 248,707,929 238,208,319

Bzporto from United States seaboard porta for week ending

Oct. 21, 1882:

Flour, Wheat,From— bbls. &u$h.

New York 100,926 753.9:t9Boston 33,830 95,031Portland 160Montreal 10,842 172,906Philadelphia 123,722Baltimore 3.877 26:^,906Mew Orleans.. 710 227,276

Com,bush.74,1301,742

2i',373

i^obo

Oalt,bush.4,671

500

i'.iio

Rye, Pea",bush, bttsh.

78.081 2.243

20,144

Total for w'k 156,375Same time '81. 107,136

22.387{9,000

1,637.900 101,74.'> 6,331 73,0811,416,814 1,167,785 3,721 158,917

The visible supply of grain, comprising the stocks in granaryat the principal points of accumulation at lake and seaboardporta, and in transit by rail and water, Oct. 21, 1882, was asfollows:

Com, Oalt,bush. bush.

345,636 2,225,97193,000

, 25,000 ^

293,099933,929

1,093

In store at—New York

Do. afloat (est.)

AlbanyBuffaloCliicagoMilwaukeeDuluthToledoDetroitOawe^oSt. LouisBoston -

TorontoMontrealPhiladelphiaPeoriaIndianapolisKanens CityBaltimoreDown Mississippi.On rail

On lake..

Wheal,hush.

3,168,609305.0'JO10,000

1,209,5322,547,942169,701623,233525,150230.03165,000

276,88985,83481,739136,974300.105

5.18019U.80020l,0.-'6617,93267,356925.961

1,328,170On canal 2,672,947

19,9936,071

140,00079.7385,811

13,379104,737120.03248.60011.20117,708

261.1901,182,925223,295

110,62592,606

187,9861.395

36.92125,561

Barley,bush.27,38470,000

101,20094,107

124,957100,943

Rye,bush.112,35542.00042,000

54,158115,373

1007,627

278.030201.12670,60013,935

600,00093,6161,017

218,6231,000

1,839

236.97736.140

12,846906

24,920962

3,7343,135

83,23319,10011,227

32,410553,240207,636

5,000

250,48512,048

370,914

Tot. Oct. 21. '82.14.825,811 3,837,143 4,313.500 2,088,135Tot. Oct. 14, '82-14,438.914 4,481.938 4,U59.788 1,634,865Tot. Oct. 7, '82.13,940,219 5.676,554 5,067.042 1,213,088Tot. Sept. 30, '82.13,149,613 6,630.504 9,519.557 564,843Tot. 8ept. 23, '82.12,287,951 6,70O„i38 5,766,702 328,534Tot. Oct. 22, '81.20,857,536 27,970.474 4,653,278 2,523,603 1,201,865

73.54078,34432,100

813.719844,143590..575726.062760.785

THE DRY GOODS TRADE.FaiDAT, P. H., October 27, 1882.

The dry goods market has presented few new features of

noteworthy interest the past week, business having continned

quiet in nearly all departments of the trade. Owing to a pros-

pective advance in west-bound freights, some of the larger

Western and Southwestern jobbers have been somewhat moreliberal in their purchases of staple cotton goods, &c., for im-mediata shipment ; but such cases were exceptional, and the

^neral demand by package buyers was comparatively light.

In spite of the very low prices at which many kinds of domes-4ica, prints and department goods were oflFered by jobbers, tim

jobbing trade was by no means active, the demand for consump-tion having been extended by the unseasonably mild weatherthat prevailed during the greater part of the week. Values

have not materially changed in first hands, save in the case of

print cloths, low grade cotton fabrics, and certain styles of

printa and worsted dress goods, which are severally a trifle lower.

DoMBBTic Cotton Goods.—The exports of domestics for the

week were 3,111 packages, including 1,225 to China, 1,064 to

Great 'Britain f(chiefly for transhipment to other mar-keta), 227 to United States of Colombia, 95 to San Domingo,

94 to Brazil, 90 to Mexico, 80 to Central America, ic. Therewas a moderately increased business in a few leading makes of

brown and bleached cottons, because of an impending advance

in west-bound freights, but the general demand at first handswas light and unimportant. The best corporation makes of plain

amd colored cottons are steadily held by agents, but outside

brands have a drooping tendency, though quotations are nomi-

nally unchanged. Print cloths were rery active, with large

transaotions in 64x64 " spots" and "near futures," at 3 5-8c. andand in 56x60s at 3M@3 5-16c. Prints were mostly quiet, but

some considerable sales of- indifferect styles were made at rela-

tively low prices. jIn ginghams and cotton dress goods there

was no movement of importance.

Domestic Woolen Goods.—There was a fairly active business

in dress flannels, suitings and sackings, and leading makes are

80 largely sold ahead that prices are firmly maintained. Heavyclothing woolens continued quiet, and there was only a moder-ate inquiry for spring cassimeres, worsted coatings, &c ; but

the principal makes are so well sold up that prices are steady

and unchanged. Fine oloakings and mohair plushes weredistributed in small lota to a fair amount, and there was a mod-erate inquiry for small parcels of white and colored flannels-

Satineta were slow of sale, as were Kentucky jeans, and carpete

ruled quiet in agents' hands. Worsted dress goods, shawls,skirts, hosiery and knit underwear, were severally in limitedrequest by package buyers, but fair sales were effected byjobbers.FoREiox Dry Goods.—The demand at first hands was light

and irregular, and the jobbing trade in imported goods wasless active. Velvets and plushes were, however, in steady re-quest, and the most popular colors are scarce. Silks and dress

foods moved slowly, and housekeeping linens were in limitedemand, but steady in price. Handkerchiefs, laces, embroid-

eries and millinery goods were for the most part sluggish, andmen's-wear woolens were in light request.

Importations of Dry Goods.The importations of dry goods at this port for the week

ending Oct. 26, 1882, and since January 1, and the sarae factafor the corresponding periods of 1881. are as follows:

& ag So?

ioic

04-CD ^ 01 » -O

O "J3IC CD OW M

0:0 I PP^t'P*- CO to --1 :ji ow

CO tOi-'

OSi

lolf*"t;i UtO

I-- rf». I- OD QO

CJI *» <-> WJC

-co 'h- 01 r- to OODOD C.03MOO

X CO to to**"^00

iwbotocH

too to 'J' 03 coo(X>:0 \ a; to -3Ot0

<i:D\ 0« Cl M •-* Cdci- • I -J cc CD 01 -"a

CO CIU JO©^ I

OOCJiWOX05 -X" O CI 01Q. O CO ^ g?

(U CMCI f too:

{

a» I O'CO(O 'IW

-1 I a •-'I

w -^ u to --a

10 Xt Q- 0> -'

CO too;o

tOWCTCO-q

d-IWOOC> O pi- 00 'X

s=

: I

: I

rctoOiOtCCtO

tO"-*0)CiCO to

"toco0:10I*- to

-3 to•^to

^150COCO

CJC0C0»O*»-J JD JtiCi>~'

Mtob'ib'Ci Ci -4 Ci it^

OfOrf^COt--

OtO HMh-tOp — OC

OiODUCCOCOCO 'O O) C5 oCO Qi Qt — CD

bwc;co>-tO~4tOOJ-vJC^ CO Xi W t^.

b- tco^wCO c w w tooc' a to o CO

.-

s Ol>00OWM — tU^*3Ol0SUlOS^MCO#"

COi^•vJMdp"CO -Iwo>00

o»o

coco

cow

t-'tf^rfi'PCO

_ w o o' c;<

CO OS CO f* -!

nyrGC>-'to••tcoto — rf»-

COtOyrrO

MCOWCOCJ"coViOCCtD

: I

CDi-'l*-lCieoOff. 'XOc; yi CD QD —

»-tOrf>.tOtOCiU '1 — -'

b-ic:cobtcr. CO X' 00 "•#- a CD to o

qcco>co

oco^i-r; ^ iji toCtOMX>

CD -4oc^

coytoo

to 4.-1<i^to«

b'xbrf-MCDCOODCD

OIQDX-JOOtoa-cnco»P^ *- CO --c to

"* — c;ttoiotOOiCl W-lCCOOXODr;'*-1"— bo;bi•- OS o) 1^ ;,;

nro^

C»« *» T5 lUOi— oytooito-ib- w'wta w 4- CO rf*-

eoco^-cT, o

f CO to to-qt-_toopVlGDH-tobtO'lr- — W-*OS to rs V to

X -' r. r. -o

October 28, 1883. JTHE CHRONICLE. TU

FinanciHi.

R. A. Lancaster & Co.,BANKKKS AND BKOKBH8,

«« BKOAUWAV, NKW ¥OHK,DKAI.SHS IN

Flrst-€la«ii Iiivontnieiit Securities.OOVKKNMKNT BONUS, STATK. CITY, COUNTVaAILKOAUA MISCELLANKOUS aKCUitlTlBS

Bought and Bold on CoriinilBsto-u.

Virginia T(U- liMeiv<Me Oo'ipuM nought.aOUiUERN SKCllltlriES A SPKQ1AL1V.

LOANS NBUOTIATKD.INTKHKST ALLOWRn ON UKPOHIT9.

Walston n. Bkows. Fred. a. Baowu.Ueuueut p. Buuwn.

WalstonH .Brown & BrosBANKEUS,

No, 20 Naassa Street, NeMr ITork,

SPECIAL ATTENTION GIVEN TO TUB MSOO-TIATION OF

RAILROAD SECURITIES.

J08BPB P. LLOYD. W. C. MoKKAXMember of N.Y. Stock Kzoh'iA.

Lloyd & McKean,No. 34 WAI.I. STREET, NETT YORK.

BUY AND SKLL-ON COMMISSION

Goveriuuent, Rall«var and fflUscella-ueou> Secnrltlea.

Financial.

Henki Bowers, Jr.Howard LAPsi-iiY.D. H. WiLI.ARD.

HeubetB N. Y. Stock Exob.

Howard Lapsley & Co.,BASKKES AND BUOKEBS,

No. B WALL STREET,Netv K<^rk.

W. E. Feaiu.. UVBIl PEAHL,Member N.Y. Stock Eioh.

Pearl & Co..BANKEI'.S AND BROKKKS,

16 BROAD STREET, NEW YORK.Stocks and bonds bought and sold on comralaalon.

Interest uUowed on depunlts subject to sisbt druft.Letters or inquiry clieerfully answered.

Henry Bros. & Warlield,BROKERS IN

STOCKS AND BONUS, UNM^^TED SE-CVUITIES AND MIMINU STUCK8,

52 BROADWAY.DriPGLAS IIBNKY. CHARLES SKTON HBNBT.

Member N.Y. litock Kx. Member .N.Y. Mia. Stock 1^-Daniel Waukikld.

Wm. m. Eabl, a. h. datton. Geo. n. statnebMember N.Y. Stock Exch. Spedal.

Earl & Dayton,BANKERS AND BROKERS

55 TO 5B DKEXEL BUILDING,Neiv York.

STOCKS AND BONDS BOUGHT AND SOLO8TU1CTLY ON COMMISSION

John S. James & Co.,Comiuission Stock IJrokers,

No. 16 BROAD STKEET, NEW YORK.John 8. jamks, Warren T. James.

Member N. Y. Stock Exch.

Stocks, Bonds, Ac. boui^ht and sold for caah or onmargin.

Randall & Wierum,50 EXCHANGE PLACE,

Brokers in Railroad Stocks and Bonds,

OOVERNMENTS * i'OKBIGA EXCHANOB.Chas. K. Randall, Otto C. WurumMember N. Y. Stock Excbange.

STOCKS and BONDSAt Auction.

he Undersigned liold REGULAR AUCTIONSALES of all classes of

STOCKS ANO BONDSON

WSDNSSDATB AND SATURDAYS.

ADRIAN II. IHI;LX,ER &, SON,o. 7 PINE STREET, NEW YORK.

W. W. Farmer,niONKUE, LOUltilANA.

Counselor, Solicitor and Attorney.Practices In the District Circuit and Supreme

Courts of the United States and vl the State, Inail classes of cases. Has no other busluess, and de<rotes his personal attention ind all bis time tjcclu-rivr^V to his profession. llef«.>rs to Hank ol' Mouroe.

Simon Borg & Co.,No. 8 lYALL STREET, NEW YORK,

DEALERS IN ALL KINDS OF

Railroad and Inrtstment Secnrities.

SOUTHBRN EKCSRITIKS A SPECIALTY.

Gwynne & Day,|E8tabU8hedl854.| No. 45 Wall Street.

Transact a Keueral banklnx and brokerage bust

ness in Uallwaf Shares and Bonds and OoTernmensecurities.

Interest allowed on deposits.

Investments oarefnllT attended to.

E. A. Mauriac & Co.,BANKERS AND BROKERS.

No. y Wall Street.

Railroad, MininR. and other Stocks, Bonds, etcboUKht and sold on ('ommissiun.

B. A. MAUHIAC, Member N. Y. Stock Exchange.HYDNKY BISUOI'. M. M. UOWLANli.

J.D. Probst & Co.,

.<«'fOCK AND BOND BROKERSNo. 88 EXCHANGE PLACE, NEW YORK.

Stocks, Railroad Bonds, Govsbnme.nts andMiscellaneous SscuRiTiEij Bought and Sold

John B. Manning,BANKER AND UROaE«.

No. 6 W^all Street, New York City,SOUTHERN SErUHITlES

A BPISCIALTY,

State. Municipal and Railway Konda and Couponsbought and sold at best market rates, investors ordealers wislilDf; to buy or sell are invited to conimuni-ca'..^ ?;-llL ue.Mea:ber of Uie New York Stock (Cxchance.

BANKING HOUSE OF

G. W. Norton & Co.,

CASH CAPITAL. »2(X).(X».

I,OUlSVII.l,E. KENTUCKY.

Swan & Barrett,BANKERS AND BROKERS,

186 middle Street,

PORTLAND, MAINE.Dealers In Government, State. County, City andRailroad Bonds, flunk Stocks. &c.Desirable Investment Securities constantly on

hand.

Financial.

George Eustis & Co.,

BROKERS

CINCINNATI. OHIO.

M. S€Ui\EID£K & BRO.HAVE REMOVED their office from 407 Ilroadway to,

.8K Wortt tit , New York, irltli A. JBuoker.

SPECULATION AND INVE,STMENTIN STOCKS AND SHARESWITH A MINIMUM RISK.

EXPLANATORY BOOK, Just publiahed, gratis

and post free upon application.

OPERATORS IN STOCK EXCHANGE SECURI-TIES should teat this system, by which hirge proflta

are realized, and the possibility of losses reduced to

aminlmunLOFINIONS OP THE PRESS.

Citiil Sfri'fce Guitde—"The system recommendedby Messrs. GutteridKe & Co., is ea«yto comprehendand sale." Juliii Hull—"Aa exsy and appiirantly safe

system, worthy of public coiiflilence." i'ourt Jouriutl—"An e.xcelJ«nl way of 8i)eculatms, ably set forth"Civilian—^'An mtoresting book. This system com-mends Itself as being a very safe one." Aewso/ (li«

WorW—" This book is well worth reading. One can-not do better than retain their services."

W^. GUTTERlbGE & CO.,

SWORN BROKERS, No. 7 DRAPERS GARDENS

Iiondom E.C England.

Wm. Fisher & Sons,BANKBR8,

And Dealer* In Goverumentia, Stocil*aud luventnieut Kecurltlea,

OrrocTK Second St , 32 SofTH STllEBT,BALTIMORE, MD,,

HsTe Western Union wires in their odlcea, bymeans of which immediate, coniiiiunic.ition can bahad with all commercial point,. In the countty. Ea-pedal attention given to purctiase and sale of Tlr»vinta Cxinsots, I'en-forties, Defiirrod ami all Issu^aiof the St.ite. ajld to all ciaasus of Southoi-n State.,City Hnd Hallway Secnrities. Correspondence so-licited.

Steainfilifpt.

Only Direct Line to France.

GENERAL TRaTJSATLANTIC CO.Between NEW YORK aud UAVRE,Krom Pier (new) 42 North Ulver. foi,t of - M<irton«t.Travelen by this line avoid both trannli by EngllMi

Rjiilwity urul the diacomforta of crossing the Cbannolin a small boat.CAVA II A. Krangenl Wid. :.',iv. l,n A. M.FRA.Nt K, Perlir do llaulirive U 1.

ST. (iKRMAIN. l)iliiiilune....\vI'liiCb: OK Passaok- (inciudliij.-

First cabin, HOO and »M0; seroiul ,. . n„.t.--

H*ic. <2il -incluiiiilg wine. beddliiK »n'l iiteiiniis. Up-turn tickets ut very rodiicoii nit'-s. <;h('<'ks drawn onCredit Lyonnais of Paris in unioinits to suit.

FOR MARSEILLES,TorcHFNO AT Cadiz, Giiiuai.tak A Barcelona.The following steamers will leave .New York direct

for aulix, Glbmitar, Barcelona and MarseiUea, talllnfffix'ik'ht and pjiasengers

:

TII.I.K DEMARSKM-l.KS Sat. Oct. 2»CAl.ilERA.. November 16HArk.s OK ! I (ilbrultar—

Klrst cjibin. 417:. -A Uiu-aellica

: 'dltcrmneaaI- iiiU, (ienoa.!.. I • 'te and Con-stantlnnolc.N. B.—No freight taken for Glbnillar,

LOUIS DE BEBIAN, Affcut,Mo. 6 Bowrliuc; Urcen.

Coinuiercial Cards.

Dan Talmage's Sons& Co1HIL.L.EB$«, FACTORS,

AND COMMISSION MERCHANTS IN

RICE,96 Wnll Srrcet, New Yorl',

10, 13 i& 14 Ka«t Hay, Cbnrlcstsn.

108 Bny iStrcci, Savannah,

41 & 43 Novih Peters St., N. Orleans.

Joy, Lincoln & Motley,SUCCESSORS TO

E. R. MUDSE, SAW^YER dc CO.,43 & 45 WHITE Street, 15 Cuacncet Sruxn

NEW YORK, BOSTON,AaEirra for

Ocean MIIIo Co., Atlantic Cotton Mtlla.Peabody MIIIn, CliUopcc Mlir. Co.,

Ellcrton New MIIIh, WliMe Ml';;. Co.,Saratoga Victory Mlii. Co.,

Hoalery aud Yarn Mills.

Bliss, Fabyan & Co.,New York, Boston, Pliilad«lplila,

SELLING AGENTS FOR LEADING BRANDSBBOWN AND BLEACHED SUIRTINtiS

AND SUEETINUH,PRINTS, DENIMS, TICKS, DUCKS, &0.

Towels, ttuilts, WfaMe Goods aud Uesiery

i>HIte, Shetling; dtc., tor Export Trade.

ESTABLISHSD 1833.

Sears & Cole»STATIONERS AND PRINTERS.

Supply Hunks, Bankers, Stock Brokers and Cirpo.rations with complete oattita of Account Books anABlatioii'jry.faer now conce-ns organizing will have their or-

ders promt tly executed.

No. 1 ^VILLiIA]}! STRE£T.(HANOVER. SQUARE.)

VHl THE CHRONICLE.

Commercial Cardi.

Brinckerhoff, Turner

& Co.,Manufaotarers and Dealers to

COTTON SAIl.DUCKAnd all kinds of

COTTON 0ANVA8. FB.LTING IJUCK, CABCOVKHINti, BAGGING. HAVENS DUCK, SAILTWINKS, ic, "ONTARIO" 8EAMT.K88

BAGS, -AWNING 8TRIPKS."

AUo, AKenU

CNITEO STATES BUNTING COMPANY.A tnll »upplr, nil Widths imd Colors, iilways in stock.

No. 109 Duane Mreet.

Columbia Bicycles.Tbousjinda In daily use by doctors,lawyers, nilnlstera. editors, mer-hunt.i. &c., &c. Send 8-cent stampfor eleKimtly Illustrated 36-pagecatuloKuo to

The Pope Mfg. Co.,042 Washington St., BOSTON, Man

New York Riding School,

214 E. 34th St., NEAB THIBO ATI

Herring's Safes.THE CHAMPIOX RECORB

IN ALL GREAT FIRES.

251 & 25'.J Broadway. New York.

PENCERIANlABSOLUTELYREUABLEl

iBUSINESsVuRPOSEsf

Chronicle VolumesWANTED.

ToIameK 1, 2, 4, 8, 9, 10, 12, 13, 16,16, 17, 18, 19, 22 and 26.

Apply at Publication omce, 79 4 81 WlUiam St.

Insurance.

UNIONMutual Life Insurance Co.

OF MAINE.DIKKOTOBS' Oni'cK - - . PORTLAND MAINE.

ORGANIZED 1849.A««et» $6,264,215 67SDrpIna(N. Y. Standard) 678,545 63Death Losses Paid - - 6,876,901 76DlTldends Paid - - 3,996,441 2719,725 Policies In force, InaarlnE

$24,083,651.

Paid Death Losses, slnco Organization,

SEVEN MILLION DOLLARS,And for DlTldenda,

NBARLY FOVK Itl 1 1. 1, IONS .

JOHN K. MeWlTT, Prealdenl.DANIEL SHARP, Vioe-Presideiit.

HKNRV I). SMITH. Seorctary.XICUOLAS UK UKOOT, AssX Sec'y.THOMAS A. FOSTER, Jdedical Director.

lUHuraucc.

OFFICE OF THE

ATLANTICMutual Insurance Co.

.

NEW YORK, January 25, 1882.

The Trusteee, In oontormlty to the Cliarter ol

the Company, Bubmlt the following Statement

at its affairs on the Slet December, 1881

:

PremiiuuB on Marine Hisks from1st JuuuaiT, 1881, to Slst De-cember, 1881 $4,039,487 10

Premiums on Policies notmarkedoff l8t Jaauary, 1881 1,587,534 47

Total Marine Premiums $5,627,021 57

Premiums marked off from let

January, 1881, to Slst Decem-ber, 1881 $4,110,176 72

rx>88es paid during the sameperiod $1,775,882 80

Keturns of Premiums and Ex-penses $924,227 01

The Company has the following Assets, viz.:

United States and State of NewYork Stock, Uty, Bank andother Stocks $8,965,758 00

Loans secured by Stoclcs and .

otherwise 1,729,500 00Real Estate and Claims due the

Company, estimated at 491,148 18Premium Notes and Bills Re-ceivable 1,631,294 23

OashinBauk 347,765 99

Amouat $13,165,466 40

SIX PEE CENT INTEREST on the outstand-

certilicates of profits will be paid to the holderii

thereof, or their legal representatives, on andafter Tuesday, the Seveuth of February next.

THE OUTSTANDING CERTIFICATES of

the issue of 1877 will be redeemed and paid to

the holders thereof, or their legal representa-

tives, on and after Tuesday, the Seventh of Feb-

mary next, from which date all interest thereon

will cease. The certificates to be produced at

the time of payment and canceled.

A DIVIDEND OF FORTY PER CENTdeclared on the net earned premiums of the

Company, for the year ending Slst December,1881, for which certificates will be issued on

iud after Tuesday, the Second of May next.

By order of the Board,

J. H. CHAPMAN, Secretary

TK U HTKKSiiJ. D. Jones,

Charles Dennis,

W. H. H. Moore,Lewis Curtis,

Charles H. Ruseell,

James Low,David Lane,

Qordon W. Bumham,A. A, Raven,Wm. Storgls,

BehJamin H. Field,

Josiah O. LowWilliam £. Dodge,Royal Phelps,

Thomas F. Toungg,C. A. Hand,John D. Hewlett,William H. Webb,Charles P. Bordett,

Horace Gray,Edmund W. Corlies,

John Elliott,

Adolph LemoyneBobt. B. Mintum,Charles H. Marshall,

George W. Lane,Edwin D. Morgaji,

Robert L. Stuart,

James G. De Forest,

Bamuel WiUetts,

Charles D. Leverioh,

William Biyce,William H. Fogg,

Thomas B. Coddlngton,Horace K. Thurber,WiUlam Degroot,

Henry Collins,

John L. Biker.

J. O. JONES, President

CHARLES DE^IS, Vlce-Prealdent.

W. H. H. MOORE, 2d Vice-Presidaat,

A. A. BAYEN, 34 yioe4>rMidM(.

[Vol. XXXV.

Insurance.

HOMEInsurance Company

OF SKW YOKK,OFFICE, 119 BROADWAY,

FlftyllKbth Semi-annnal StatementBBOWINO THK

CONDITION OF THE COMPANT ON THE FIRSTDAY OF JULY, 1888.

CASH CAPITAL , $3,000,000 00Reserve for Unearned Premiums 1,907,087 00Reserve for Unpaid Losses 209,459 87Net Surplus 1,661,572 10

Cash Assets $6,838,719 07SOminARY OF ASSETS

Held in the United Slates, availuble for the PAY-MENT of LOSSES by FIRK and for the protec-tion of Pollcy-UoMers of FIRB INSURANCE:

Cash in Hanks (leejilS 00Bonds and mortgages, being first lien onreal estate (worth t3,166,600) 1,303,737 44

United States stocks (market value) 3,092,750 00Bank&UR. stocks &bd8.(market value) U31.3S0 00State and municipal b'ds (market value) 12t>,500 00Loans on stocks, payable on demand(market value of collster'is, $1,B0S,013). 1,007,450 00Interest due on 1st July, 18S2 80,074 91Premiums uncoll'ct'd & in h'nda of agts. 82,143 23Real estate 80,499 49

Total 16,838,719 07

OHAS. J. raARTIN, President.J. H. Tl'ASHBlJKN, Secretary.

MUTUAL LIFEINSURANCE COMPANT

OF NEW YORK.F. S. T¥I]WSTON, President.ISSUES EVEBT BESOXIPTIOS OF

LIFEdt ENDOWMENTPOLICIESRates Lower than other Companies.

ORGANIZED APRIL 14TH, 1842.

ASSETS. $95,000,000.

Publications-

'IHE

Financial Review,(ANNUAL.)

18 8 2.

A YP:AR BOOKOF

FINANCIAL INFORMATION

FOB

Bankers,

Brokers,Merchants,

Investors.

Price d( the Review, boand in cloth, • 92 00 ,

To HubscrlberK of the Commercial ) • nnand Fiuancial Chronicle, . . - - J * ""

Postase (when sent br lttail>) - • • - 10

WILJL.IA1H B. DANA &, CO.f

PUBLISHERS,79 * 81 WUUam StreM, New ifork.

OOTOSKR 3d, IG^. THE CHRONICLEPablicatlons.

WEEKLY

Official' Intelligence,CONCERNING

ALJ^ fil.ASSRS OF SECURITIES.

Under the anthortty of tlie (committee of the

London Stock Bxohiinge. Compiled under the super-

ntendence of the Secretary of the Share and Loan

Department.

Satworiptlon prioe, payable In adranoe, £8 per

annnm, or £8 5s. postage paid. Single copies One

Sbllllngt or to subscribers. Sixpence.

PUBLISHER

:

Mr. HEIVRY H. Wi:TEBfHAL.L.,

No. 10 WARNFORD COURT.

LONDON, E. C, ENGLAND.

TIIEliUEATEST LIVINGAuthorN. Huch II F4 I'rof. >lftxMullcr. Rttbt lion W. E.<!: (iNtone. JnH. A. ProiidetI'l'ot. II iixlrv U. A. l*iO(i(»rEdvi'iirri A. Freeninn Prof.Ty. dad. Dr. U . B. Carpiii.

, ter, P'of. Goldwhi h>niilli,; The Dute of AikvII. ^^ in,Rinck, .MisH ThackeriiyrI^lrM. I^lulock-Crnik, <«eo.i>liicl)oiiiil<lt >-i'H. OliuliDutfJen I liiu«-l(>w. Tb' M.Hnrdy,MnithpM Arnold. \V. It..VInlluck, W. W. Story,

_^ I ToiirKeuiell, KuNkhi, Ten-nyson, Hroiirnlnff, ami mnny others, are repre-sented in the pages of

Littell's Living ActThe LiTTNG AOB has been published for nearly

forty years, and has met with continuous commen-dation and success.

A weekly moijazlne. It gives more than

THRBE AWD A QUARTEB THOUSANDdouble-column octavo pages of reading mutter year-

ly It presents in an inexpensive form, consideringIts great amount of matter, with freshness, owingto Its weekly issue, and with a satisfactory com-pleteness attempted by no other publication, thebest Essays, Reviews, Criticisms. Serial and ShortStories, Sketches of Travel and Discovery. Poetry,

Sctentittc. Biographical. Historical and Political In-

formation, from the entire body of Foreign Peri-

odical Literature.

It is therefore invaluable to every Americanreader, as the only satisfucturtly fresh and COM-PLETE compilation of an indispensable onrrentliterature,—Indispensable because it cmbraeofl theproductions of

THE ABLEST LIVING WRITERSIn all branches of Literature, Science, Politics andArt.

*' No reader who makes himself familiar with Itscontents can lack the meuna of a sound Itte.aryulture."—^fw York Tribune."An indispensable visitor."—ATpw York Observer.*'ltls indi pensiible in every householfl where

any attempt is made to keep up with the currentthoufcht of the day." • • • "It is a thoroughconipilatidH of what is best in the literature of theday, whether relating to history, biography, fiction,poetry, wit, BCionce, poI'Mcs. theology. crltlclBm orart."—Ha?^/ord Caurant"It contains not onlyt e best solid literature, but

also the best serial stories of the day." " • • "itsfages are sufB(.ient to keep ;<ny reader abreast withhe best printed thoughts of the best of our con-temporary writers."—£jH»cwp<ti Rer^inter. PhUadel'phta.

" No ' ther perlodiCKl can compare with Thk Lrv-l- a Ai)E in interent and value." • • "A veritabletheaaurus of the bt st work of the most celebratedwriters in literature, science, politlca and art."—Boston Traveler." The best and cheapest periodiral In America."—

Evatmelicdl Churchman, Toronto." It supplies a better compendium of current dls-

ouHslon. Information and Investigation, jrnd gives agreater amount and variety of reading matter,whicli it is well worth while to read than any otherpublication."-Boston JoumcU." The ablest essays and reviews of the day are to

be found here." • • • "We know of no invest-ment of 98 in the world of literature that will yieldequal returns."-Th* Rrenbyterian, Philadelphia."It enables its readers to keep fully abreast of

the b?flt thought and literature of civiliwitlon."—Pittsliirg Christian Advocate." It be.ng a weekly publication. Is, comparatively

speaklnfiT, tbe cheapest magailne publiBbed."—< rnnnu rciai AdvertUter, DetrtHt.•'As much a necessity as ever."—Tfce Advance^

Chicago."The oldest and be»t."—Courier-JiwrnaJ, LouU*

via*.

Publlsled wsBKbr at $8 00 per year, /tm ofpoftofle: nrfor$10 60 The Living Age and any onertfthe Americans Monthlies (or Harpers Weellv»l ^Jx'L

*'*"* *>« ^9nt for a year, postpaid ; or for

99 30 THK Living Age and the *. Alchi

Cotton.

T u WW ... •^' "* T inu AUK ana if$woii •> Jfonthlv. Address,

hoias, or lAp

aiMBT H. WAKE. GILLIAT SCBROKDVE

Ware & Schroeder,

COTTON COMMISSION MERCHANTh

111 Pearl Street, New York.

Special attention paid to the ezeoatlon of order,

(or the paroha«e or tale of contracts (or (atmre de.

llTerr of cotton. Liberal adTaneee made on coo-

ilKnments.

J.P. Billups & Co.,

COTTONCOHMISSION MBRCHANTB

Noa. le & 18 Ezcbanse Plaee,

POST BniLDINO. NBW YORK.

Special attention given to tbe Pnrohaae and Sal .

of Contracts for future dellrery of Cotton.

HiNBT M. Evans. Ohas. E*aAM0i8 BkibbMember N. Y. Cotton Exchange.

Evans & Beebe,Noa. 42 & 44 NE1V STREET.

SPECIAL ATTENTION TOPnrchaee and Sale of Contracta ior Fntarr

Dellverr.

WALTER & KROHN,COTTON BROH.ERS,

63 BEAVER STREET, NEW YORK,

J.F. Crumbie,

114 Pearl St., COTTON, New York.

Special attention Klven to orders for the bOTlrgHnd sellInK of Cotton foh Futubb Dklivbet.Member of (^'otton RzchanRe.

'"O., BoatOB.

Rogers & Pendlecon,COMMISSION MERCHANTS,

NO. 9r PEARL STREET, NEW YORK.Adv&oces made on consignments of Cotton, Qrala

and other Produce.But and sell contracts for future dellverr of

Qratn and Provisions.

Cumming & Baily,COTTON FACTORS

AND COMMISSION MERCHANTS,No. 89 Pearl Street, New York.

Special attention given to the purchase and sale ofcontracts for future delivery on the Cotton and Prod-uce Exchanges.

HYMANS * DANCY,NoBTOLK. yjL.

Dancy, Hyman & Co.,COTTON COMMISSION MERCHANTS,

9T Pearl St., New York.Special attention given to the purcbaae and sale

of contracts for future delii err.

Geo. Cope]and & Co.,COTTOM BROKERS,

136 PEAUI. »YKEET, NEW YORK.

Wm. Felix Alexander,COTTON BROKE U,

AUGUSTA, OEOROIAKntlre attention given to purchase of COTTON TO

OROBB for SPINNKRS and BXPOBTEHSCOBKSBPOXI>BNCni SOLIOTTBD.

Beferettces :—National Bank of Augusta. (ileorKU

Henrr Bents A Co., Commission Merchants NevYork ; William B. Dana A Co., Proprietors Commi,otu. ASD FnraHOUL CBVonnnM. and othor NeYork Hoasa«_

Parisot & Campbell,Cotton Faotora,

VICKSBURG, niss.Orders to purchase Cotton in ourmurketsolleUed,Befer to Messri". WOODWARD & STII.LMAN

New Vorli."~r'U;'._ *.n.~ „^ _ _ _ . -

\ OtlSSIl.

Fielding & Gwynn,

COTTON FAOTORSAin>

OOMHISBION MBRCHARTH1« 4c 18 Eaebaoce Flaee,

POIT Buiuma. NBW YOaK.

E. S. Jemison & Co.,BANKERS

AND

OOTTON COMHISSION llBBCHAl!rEak

No. 10 Old sUp, New York.

Jemison, Groce & Co., Galreston, Texas.

Dennis Perkins & Co.,

IITCOTTON BK(jKKKj«,

Pearl tireei. New %'<>ra.

Orders for Spot Cotton and Fntnree promptlyexecuted.

John C. Graham & Co.,(Successors to R. M. WATERS A COJ.

COTTON COMMISSION MERCHANTS,No. 18 W^IUlam Street, New York.

SBLMA, ALA., PaiKKUt BUIUlIKa.MONTOOMBRY, ALA., MOUKIS BANK BUIDDDra.

Orders tor Fatore Contracts Bxeoated In New Yoikand LlverpooL

Henry M. Taber,No. 141 PEARL !«TREET, NEW YORK.

COTTON.Adrances mHde un Cunslt^nmenta ot Cotton. Con*

tracts for Future Delivery of futton boottht Mdsold on commission.

James F.Wenman& Co.,(JOTTON BROKEBS,

No. 14« Pearl Street, near Wall, N. V.Established (In Tontine Building) 1840.

Geo.H.McFadden& Bto4 'OTTON V4CTORS

AND COMMISSION MERCHANTS121 CIieHtnat St., PbiladelplUa.

IHiseellancous.

BuUard & Wheeler,119 IHAIDEN LANK,

NEW YORK.BAOCINO AND IRON TIES,

(FOR BALING (XlTTON.)Agents for the following brands of Jute BaotlW

'Eagle Mill8,""Hrooltlyn Clty.""Ge<Mxla,""C«iou5?"Nevtns O." "Union dtar," '*Saiem,'* **Horlooa HHM '

'Imej MUls" and "Dover Hills."IMPORTERS OF IRON TIllS.

BAGGING.WARREN, JONES dc GRATZ,

ST. LOVIS, M«.

Haimfaetiiren' Agents for tbe sale at Jute Biw-ging. Famish covering annualljr for oae.aftb ot tbeentire Couoa Cmt. Correepoodanea from lawadealers soUrtted.

Wire R ope.8TKKL AND CHARCOALIRON of superior qoalitj

sulUble for MININQ AMUHOISTING PURPOSKInclined Planes, Trmiumla-slon of Power, Ae. AliOkGalvanised Cburcoal andBB for Shipa' RlKKinjr, Baa.'tension Bridges, DerrlekGnjs, Ferry Bopes, Ac. Alarge stock oonstantlv onhand from which any de-sired lenxthe are €ut>FLAT 8TBBL AND I RONROPB8 for MlDin«r pur-poses manofactiired f'- ofwder.MASON * CO.,JOHN V* . mAs^rn sa w*.

48 Rroadwar, Near vo> k.

THE CHRONICLE. [OCTOBBS 38, 1889.

Cotton.

Woodward & Stillman,MERCHANTS,

Pott Bnilding, 16 & 1 8 Exokange Place

NBW rOKK.

&0AII8 MADB ON ACCBPTABLB 8BCUBITIB8.

9a$k AOtfaneet Made on OomignmenU.

temauni Attbntioh to obdkbs roB Contbactb

roB rxrrvum Dblitbet of Cotton.

oovton, alil gbadb8, suitable to wantsof spinners,

Ofvcbsd on Txbms to Suit.

J.H. PARKER,

conmssionr herchant,

Ho. 140 PBABI. STBBBT,

MEW .YORK.

CkMiaisiunenta of Cotton, Naval Stores

L otber Produce Solicited.

Cotton.

aXKGUTBS ORDERS FOR THE PURCHASEAKD SALE OF FUTURE CONTRACTS IN THBCOTTON AND PRODUCB EXCHANaBS.

Edward H. Coates& Co.,8I700SS80SS to

OIiAOHORN HKRBINa & CO.,

OOTTON COMMISSION MERCHANTS,No. lie CHESTNUT STEEET,

PHIIiADBLPHIA.

Henry Hentz & Co.,O O N B II A L

cominissioN merchants,8 8<>Htli \riUJam St., Neiv fork.

iVdvancefl made on CooBlKDmentB to

neasrs. JAMSiS PINLAV & CO.,LIVERPOOL, LONDON AND GLASGOW.

Also execute orders for Merchandise throaKH

neasr*. PINI.AY, muiR & CO.,CALCUTTA AND BOMBAY.

CONTRACTS FOR FUTURE DELIVERY COT-TON booftht and sold on oocamiasion In New Yorkaod Lfrerpool: also at New Orleans through Messrs.Samuel H. Buck A Co.

WH. MOHB. H. W. HAHBHANir. CLBHBNS FISOHIB

Mohr, Hanemann& Co.,

MS PEARI. ST. 186 GRATIBR ST.

New Tci-k. New Orleans, La,

'BPHOIAL ATTBMTION OIVEH to THB KXEOCTK'S

ov ORDERS FOE FUTDEE CONTRAOTtl

QvatATva C. Uoi-iONS. Lucius HoPKms Shttb.COABLCg D. MILLKR.

''Hopkins, Dwight&Co.,C O T T O W

COMMISSION MERCHANTS,No. 134 PBARI, STRfiJBT,

Ni:.V YORK.Obdbbs fou Futuuk Coktkacts bxecutbd in

NKW YuUli AND LiVBUPOOU

IiBaiCAN, ABUAHAM 4 0O., LBHHAN, DCKB & CoNew Orleans, La. Montgomery, Ala.

LEHMAN BROS,Cotton Factors

ANDCOmniSSION nERCHANTS,

No. 40 BXCHAN-OK PLACE,n-TOWK OfnoK. Nos. 3» & 41 Wai.kku Stkket,

New York.Orden executed at ilie Cotton Kxobangos In .VewVoA and Liverpool and advaneet^ made on Cottonaad other produce eonMKnod to us. or to our corre.

.{>ondeiits In Liverpool. .Mcrfsrs. K. NcwtfiiH^ Si Cv«nd Metfsrs. L Ko-^'^nhcim i ^nna

INMAN,SWANN&CoCOTTON MERCHANTS,

COTTON EXCHANQp- BUTLDINQ

New York.

LOANS MADE ON

SOUTHERN SECURITIES.

GEO. STABER,ALBERT KROHN, Special.

64 STONE STREET, NETT YORK.

COTTOINStrictly Brokerage and Commissioii.

H. Tileston & Co.,COTTON, STOCKS, BONDS, &c.,

25 WILLIAM STREET, NEW YORK.Members of Stock, Cotton and Produce Exchanges.Orders in " Futures" executed at N.Y.Cotton Exch.

A. B. OWATHMHT. J. O. BLOSEI.

Gw a t hm c V & B 1 o s s

,

COTTON .nKRCJHANTS,

No. 123 Pearl Street, New York.Special attention given to the execution of orders

for the purchase and sale of contracts for futuredelivery In New York and Liverpool.

Rountree & Co.,COTTON COMMISSION MERCHANTS

No. 12 OLD SLIP,Cor. Water Street, NEVT YORK,

And NORFOI.K, VA.tSf Special attention given to the execution of

orders for the purchase and aaie of Cotton for futuredelivery. Liberal advances made on consignments.

Wh. Uknby Woods 8. O. Mubphy

Woods & Murphy,(Post Buildinq,)

16 & 18 Excbange Place.

COTTO.^, STOCKS AAI> BONDS.

ORDBBS IN FUTDRE CONTBACTSEXECUTED IN NEW YOIiK AND LlVERPlXi'

P. O. BOI SS42. NKW YORK

Will'imH. Beede&Co.COTTON BROKERS,

No. 114 PEARIi STREET.Special attention given to orders for the buying

and selling of Cotton fob Futukk Delivery.

B. F. BABCOCK & OaCOMMISSION MERCHANTS,

17 Water Street, LIVERPOOL,,Receive consignments of Cotton and other Produce

and execute orders at the Exchanges In Llverpoo..Represented In New York at the office of

BABCOCK BKOTHER8 & CO.,

50 WaU. Stb»«T.

Geo. Brennecke & Co.,COTTON BROKERS,

No. 1 10 Pearl Street, New York.

KuTUBi Contracts a Spkcialty.

JOHN H. Cl^ISItV Sl CO,COTTON BUYERS,

.MONTGOMERY, AI.A.I't'ttCItASE OM.Y ON OlijK^Ud, ron A CoMMLS.*.!-..

niscellfuieoas.

WaUar T. Hatch.Ifaik'l W. T. Hatek.

Betury P. Batch.Arthur !£. much.

W. T. Hatch & Sous,BANKERS,

14 NASSAU STREET, NEW TORIi.

BBANCH OFFICES j.i22 lPl,'"""''l''wK"'S*** ?!*^

IMSti t hapel St., New llav

J

Personal attention given at the KXCHANGK8 tothe purchase and sale of STOCKS and BONDS forcash or on margin.DEPOSITS UECBlVBD-aubJeottooheokat sight

—with Interest upon balances.'

Special attention paid to INVESTMENTS and <

BOCOunts of COUNTRY BANKERS.

Waldron & Tainter,COTTON COmmsSION inERCHANT

97 PEAEL STREET, NEW YORK." FUTUBB " OBDEBS PBOMPTLY EXKODTED.

Robert Tannahill & Co.,

Cotton Commission Merchants,

Cotton ExchanEe Bnildins, NEW YORK

Speoial attention given to the purchase and sale ofFuture Contracta.

F. Hoffmann,COTTON BROKER AND AGENT,

38 RUE DE I.A BOURSE, HAVRE.

Warbbn Bwxn, Jb. John m. EirmN.

Ewen Brothers,

t: O T T O N BROKERS,No*. 31 <b 33 Broad Street,

NEW YORK.

iETNAInsurance Company

OF HARTFORD.Assets January 1, 1882 $8,902,272 04Liabilities for unitaid losses

and re-tnsuranoe fund 1,774,849 74Capital 4,000,000 00

NET SURPLUS $8,137,423 90No. 3 Cortlandt St., New York.

JAS. A. ALEXANDER, Agent.

North British

& Mercantile Ins. CoOK

M>!K£H»:>I AND EDINBURnilUnite«l States Board of Manageniem

,

NBW YORK

:

SOLON HUMI'HRBYS, Ch'r'n,(E. D.Morgan « CoDAVID D0W8, Esq. (David Dows & Col)E. P. FABBRL Esq. (Orexel, Morgan &Co.lHon. 8. B. CHITTKNDBN.iZRA WHITB, Esq.1. J. ASTOR.Ksq.

CUA8. E. WHITE, SAM. P. BLAGDEN,MANAGERS,

omee 54 irilllam St., New York.

G ontmerctal

LJnion Ins Cyo.or LOSDOS ,

ALFRED PELL.uauient J/a>i<i7c'

S7 & -?y ^ci// Strec:.