xtmtk HUNT'S MERCHANTS' MAGAZINE,
UNITED STATES. REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE NO. 983, VOL. 3a NEW YORK, APRIL 26, 1884. I^irmntitd, ^itiattcial. ^iuaflpcial.
WaUtr T. Hatek. Benry P. Hateh. NaOi't W. T. Baleh. Arthur U. BaUk. AMERICAN W. T. Hatch & Sons, Bank Note Company, DIAMONDS. BANKBB8, 148 BROADWAY, NEW YORK. 14 NASSAU STREET, NEW YORK. |{u«ln4').n FoiintU'tl t7!>5. of Nev 7nl, 1863. Smith Co., XMonontei uiler Laws of State Alfred H. & Bim,cH omc^iigg 6'i:";ji''8t.T.^fia\-i. Beercaalied t»79. ESrtRAVERS ASH PRINTERS OP IMPORTERS,
POSTAGE & REVENUE STAMPS, cash or on margin. , ,_ * _, w* BONDS, 182 Broadway, Cor. John Street. subject to check at slgM LECAL TENDER AND NATIONAL BANK DEPOSITS IIKCBIVED— and for -with Interest upon balances. NOTES, of the UNITED STATES! Special attention paid to INVESTMENTS and Forelsn Covernmenta. accounts of COONTKY B ANKBRJ. EMIKAVINO AND PRINTING, Members N. T. and PhUadelphla Stock Exchangee. COLL J. TDKWTO, JA8.TtTKN«B. N B.LIMgLET. B4NK Nt>ri:S, SHAKK CKKTIFICATES, Special. MOXnS lOU GOVKBNJIKNTS AND L, H. Taylor & Co., Memb. N.Y. Stook Bioh. COKl'OKATrONS, DKAFTS, CHECKS, Turner Co., nitl's Ol- EXCHANGE, STAMPS, &c., BANKKR8, C. T. & flnest and most artistic stylo BANKERS AND BROKERS, In the S. W. Cor. Third and Ctaestnnt St*., FROM STEEL PLATES, PHII.ADEI.PHIA. 15 Broad & 36 Wall SM., New Toik, ipedal lafesuMdt to prerent OOTOTEBTBITIHS. BUILDING. Boom 7, Second Storv. mh 'deposits received subject to check at slgbt, and MILLS tho ^mUI pap«n Buntwtnnd ezelnilTely for us9 of interest allowed on dally balances. STOCKS, BONDS, GRAIN AND PROVISIONS '4tf>cks, Bonds, Ac., boujfht and sold on commission in Ooapasy* In New York and Chicago market*. PAPERS. Phlladelptalu and otber cities bought and sold SAFETY COLORS. SAFETY Partionlar attention given to information regarding Worn Evccutod in Fireproof HulUlings. Investment Securities. Private wire to New York, Baltimore add other pUces. Cisco & Son, UTHOGRAPHIC *N0 TYPE PRINTING. John J. BAirWAY TilKKTS OF IMl'KilVKO 8TVLE8. BANKERS, Show lard-, I.ulicl», < «Uii Jur*. Sistare's Sons, BLANK BOOKS OF EVEBT DE8COTPTI0N. Geo. K. No. 69 W^all Street, New York. ALBERT C. GOODAU, President. 19 NASSAU ST., NEW YOBK, Deposits received subject to check at sight and VICE-PRESIDKNTS : Interest allowed on dally balances. SHEPARD, J. MACOONOUGH, A. D. DEALERS IN Government Bonds, Stocks and all Investments*-, ROBERTSON. W. M. SMIUJE, TOURO enrltles boaght and sqld on oommisslon. G. H. SriAYHER. Tre^.^ f [RST-CL.ASS IMVESTMENTS. ^ „ ,„^^_ S«ety. WM.M. KARL,Memb. N. Y. Bt'ok Ex. G. H. STATinB, A. H. DATTON. SpeolaL Buy and Sell on Commission, for cash or on mar- ASA. P. PoTTKR, ProBt. J. J. EDDY, CasUer. A.H. MtTBS. glB. all securities dealt in at the New York Stock Maverick National Bank, Kxchange. Earl & Dayton, Interest allowed on dally balances. BROKERS, BOSTON. AU deposits subject to check at sight. BANKERS AND Particular attention to orders by mall or telegraph 68 TO S9 DRBXEL BUILDINa, OAPITAL, $400,000 York. ORI'IiVS, 400,000 New STOCKS AND BONDS BOUGHT. AND SOLD Kimball & Co., COMMISSION. Aoooanta of BankB and Backers solicited. R. J. STRICTLY ON Colleotlons made upon favurable terms. BANKERS AND BROKERS, JOHN PONDIB. AUOUSTtra NATHAN. GoremmeDt Bonds boufiht and sold. No. 18 W^all Street, New York. Pondir & Co., Lancaster Co., Seventeen Years' Membership In the New York R. A. & stocks, Bonds & InYestnient Secnritiea BANKERS AND BROKEK8, Stock Exchange. alkred B. lounsbery. EXCHANGE PLACE, N. Y., BANK 0ITIIiDIN«, Robert J. Kimball. 30 CMITED Orders eTeouted on the London and European BB0AOWA7 AND WALL 8TRKET, NKW YORK F. Mahoney & Co., market DKALIB8 C< J. Members New York and Chicago StpCk Exchanges No. 15 W^AIili STREET, also New York Mining Stook Exchange. Railroad & Miscellaueons Secnrltles. DEALERS IN & Bass, Bouthem Seeurities a Specialty. Rolston INVESTMENT SECURITIES. BANKERS, 30 BROAD STREET, NEW YORK. Simons & Chew, All classes of -City, Town and RaUway Bonds Stocks, Bonds and Miscellaneous Seonritiee. STOCK BROKERS, lM>ught and sold. Corre«K>nd^K!e SoU^i^i^,„„ SBxchanceCoart&Sa Broadwa7,N.T. cheerfully furnished. Stocks, Itonds and V. 8. CcoTemment Seourlttat •^'' '^n BoOKht.Hiv< * ''rtmmlssloa. Hatch & Foote, W. H. Goadby & Co., J A e BxrXRLT CHBW. BANKERS, No. IX Wall Street, N. Y. Member '' vcbanKe. AND BROKERS, -N. BANKERS Member i . : J l^ohanKe. We make U. S. Bonds and Investment Securities a in and BONUS specialty, execute orders STOCKS '8 for cash or carry the same on margin. We transact No. WAIiL STREET, TINKER A. WE8T01V, a general BANKING business and ALLOW INTER- New York. AND BROKERS, EST on DEPOSITS. Branch OtBoea, oonnected by BANKERS private wire, Norwich, Conn., and Bocton, Mass. No. 7 BXOHANGE COVBT, R. T. Wilson & Co., New York. Fred. H. Smith, BANKERS AND COMMISSION MERCHANTS HSMBT 0. TnrKiB. Member N. T. Stook Kxeta. New York. BnraaiLAXB wcstom. No. 20 BROAD ST., NBW^ YORK. S Bzeltaiic* Ooart. STOCKS, BONDS AND PETROLEUM A R.BATmAK. DotTOLASS GKIiy, STOCK BROKER. Meiib.2?.Y Stock Bxch. Memb.N.Y.CottonKxch. Bought. Sold, and Carried on Margins. OREEN & BATEMAN, Lansdale Boardman, of all railroads for past twenty Intimate knowledge SS WALL STB15BT, NEW YORK. HEW YORK, 80 BROADWAY, & 6 N8W ST. years. Parties dosiriiig to buy or sell unquoted 8»- Exchance Opposite Stock Kxohange. Stock*, Cotton and Forcljcn well to communlcitte. TKOY, N. Yu 1« * IS HALL BUILDING. curitlea will do Private Wire to Washington. Y. National ' Private Wire to Troy. K. II. SMITH, ) Members N. Mining A BATSMAN & CC WA8B1SIQTON, D. C. Beoorltlw carried on margin Interest paid on balaooa* 8. W. SairtB, i Petroleum Kxcbange. : ; :
ll THE CHKONICLE. [Vol,, xxxvin.
'gavj^iQU %xcUKnQt, Wovi^im %xcUmiQt. ^avtiQU %xcUmtQt, Drexel, Morgan & Co., August Belmont & Co., J. & W.Seligman&Co., ITAIil. STREET, BANKERS, BANKERS, COKNEK OF BROAD, NEW YORK. No. No8. 19 and 31 Nasaan Street, 23 BROAD STREET, NeiT York. Drexel & Co., DrexeI,Harjes&Co Issue Travelers' Credits, available In all parts of the world, through the Issne Letters of Credit for Travelers No.84 Sontb Third Street, 31 Boulevard HauBsmann, MESSRS. BE ROTHSCHILD, °'' lEJ'JSMAN BROTHERS, London,E PHIL.ADE1.PHIA PARIS. SEI.KJMAN FRERES A CIE.. Paris, and their Correspondents. 5f cUyjA^'^* 8TETTIIEI.MBR, Frankfort BOHESTIO AND FOREIGN BANKERS. Also Commercial Credits and Transfers of Money ALT.MAN &.STETTI1EIMER, Berlin. DepoBlts received subject to Draft. Secnrltjes on California, Europe and Havana. """"«• oivnt ana sold on commission. Interest allowed on Sffi^iSd Ame^S.*"* °' ^"»- ^^<^ *« Deposits. Foreign ExchanKe. Commercial Credits. Draw Bills of Exchange Cable Transfers. Circular Letters and make TelegiapWo for Travelers, Transfers of Money on Europe and Cal&ornla. ftvailable in all parts of the world. Jesup, Baton & Co., Attornets AST) Agents op lvw7wiisoir&Go:7 raessrs. J. S. mORGAlV & CO., BANKERS, No. 22 OLD BBOAD STREET, LONDON. 2T & 29 BEAVER ST., 63 William Street, New York. NEW YORK. Acconnia and Agency of Banks, Corporations, Bllla of Brown Brothers & Co., ^Iff" Individuals received upon favorable terms. Exchange and Letter* ot Dividends and interest collected and remitted. Credit on Mexico. No. 69 JXAIiIi STREET, N. Y,, corporations In paying coupons"^ and._^S'5.''?J*''i''*dividends V"' BUir AND SELL ; also :is transfer agents. Bonds, stoclts and securities bought and sold on BIL.L,S commission, OF EXCIIANOE at the Stock Exchange or elsewhere. jnrihcvB muX ^x-oli^vs. ON GREAT BRITAIN AND IRELAND, FRANCE bterilng Exchange and Cable Transfers bought GKKMANV, BELGIUM. SWITZERLAND, NOR. WAY, DENMARK, SWEDEN AND HOLLAND. DRAW OK THK UNION Issue Commercial BANK OF LONDON- C. Walcott & Co., & Travelers' Credits THE DEUTSCHE BANK, BERLIN, J. IN STERLINO. AND BREMEN: HAMBURG"''J'l"^"-" BANKERS AND BROKERS, AVAn^ABLB IN ANY PART OF THE WORLD. ANDRE GIROD & CO., PARIS. No. 24 Pine Street, New York, And In Francs, In Martinique and Ouadaloupe. Transact nAKE TELEGRAPHIC TRANSFERS J. KlNNEDT TOD. Alexander Baring, a General Banking Business H. O. NOBTHCOTB, Member N. Y. Stock OF MONEY Kxob. ^S.'J£*"'"''.^"i'?' hought and sold on Commission. Mining Stocks, and in BBTWEBN THIS AND OTHER COUNTRIES. s»^^*!;f'*';?<'S Is. Unlisted Kennedy Securities. Collections made and Loans Negotiated. OIAKK COI>LECTIONS OF DBAFT.S drawn J. Tod & Co., Dividends and Interest Collected. abroad on all points in the United States and Deposits received subject No. T i to Draft. Canada, and of Drafts drawn in the 63 WILLLIM STREET, Interest Allowed. Investment Securities a Spedaltl United States ou ForeUfn Countries. BANKERS. We issue a ^ inancial Report Weekly. Branch Office, **°'° '*"' ''*°'"' Bankers and Railroad 320 Uroadwaj-. Co^aSef Connected by Private & Stuart & Co., Issue Wire. J. J. commercial credlU, also foreign and domestic Jos. C. WALCOTT, travelers X Members of the N. Y. Stock 33 NASSAU letters of credit in pounds sterling dollars. STREET. & Fbank F. D1CK1N80N, j and Mining Exchanges. Offer luvcHtnieut BILLS OF Securities. EXCHANGE ON Buy a^d sell bonds, stocks and securities in all erican, Canadian, Am- I. F. SnilTH, PAYNE & SmiTH'S, British and Dutch markets on com- Mead & Co., '•*^'''*''*»' oonpons and foreign and BANKERS, LONDON; SlMid D ftil*"' bTOCK BROKERS, niANCHESTER & COUNTY BANK, Sell Bills of Exchange on 80 BROADWAS, NEW KORK. Branch Office with Private "LIMITED;" Wire at 23 West Twentv.' „ ^ „ TWrd Street. MANCHESTER, PAYABLE IN Buy and sell on commission LONDON ; for Investment or on margin, all securities dealt In at the New York Sto^ VIiSTER BANKING COmPANY, xuXcnan^Oa BELFAST, R. K. LKAB. I. F. MKAD, T. H. IRELAND; Member CCKTIS AND ON THE Kidder, Peabody & Co., N. Y. Stock Bzoh. RATIONAI, BANK OF SCOTLAND, EDINBURGH, AND BRANCHES BOSTON, MASS., Wood, Huestis &' Co., ALSC^ Cor. WaU and Nassau St»., New York. 31 PINE ST., NEW YORK, CABLE TRANSFERS AND LETTERS OF CREDIT BANKERS AND RROKERS, FOREIGN BANKERS. SUCCESSORS TO NEW YORK : LONDON PARIS Cni" E"(fu^™V.THOS E. DATIB. W. G. H. HEATH. WOOD & DAVIS. CABLE TRANSFERS, BILLS OF EXCHANGE Execute orders in all securities listed at the New ASD York Stock Exchange. For Sale, William FIRST-CLASS Railroad First mortqaqk Bonos. Heath & Co., COMMEBOIAL AND TEAVELBBS' GEORGE C. WOOD . C BANKERS AND BROKERS, CBBDITS. H. HUESTIS. L. M. SWAN Hiram Dewing. Clark Dewing, f. t. Bonteoou. 00SBB8P0NDENT8 : No. 80 Broad\rar, Newr York. (Member of New York Stock Exchange.) BARING BROTHERS CO., Members of New York Stock Exchange. & Londan. PERIER FRERES & CO., Pari.. H. Dewing & Son, FOHEIGN EXCHANGE. CABLE TRANSFERS. MENDELSSOHN Apml id, )884.] THE CHRONICLR ill Sanluevs aujft Svoluevs. IfatiUjevs HuA ^voUhxb, JAHCa WUlTEI.r, II. niiiGiB Oaklit, Taintor & Holt, UAHHY C. I.OflAN, .MAVNA)!!!^. KVHM, THE IIICMtV II. DoilGE, WusMnvlon, I). C. Wu. K. TiiAVKUH, Hpcclul Partner. BANKERS, Prince & Whitely, Railway Share Trust Co. No. 10 WAI.I. HTHKKT, NEW YORK. No. 64 BROADWAY, NEW YORK. TRANSACT mlKNKKAI. BANKING buitneu. (LIMITED), '"*' '''"•'' ^'"'•' New York. nilAKPn Opvirru ) DBPOHITS recelToiI and INTBUBtlT allowed on UIIANCH Olfr'CI!SJ53B,m|,yt_yVtt8hlngtOD.D C No. 4 BANK BUILDINOS, balanoei. Buy and soil on conisnisslon all classes of Railroad Bar and lell QOTBRNMHINT, IIUNICIPAL ano Securlttes: hIho Urnin and Provisions. Private Tolcgniph wires to Philadelphia, Wilming- LONDON, ENGLAND. BAlI.ItOAO Bonds. ton, Baltlniurc, Washington, Bridgeport, New Haven, Prlrate tslesrapta wires to PrOTtdence and Bnatoc. Boston and Pittsburg. O. K. TAlNTOa. QBO. H. HOliT Gioaox Stabk. JOHH P. STAB Capital Q. I). I/llUILimi. George Stark & Co., Paid Up, £971,360 Sterllnc. K8TABLI8UBU ltM6. BANKERS, Davis Co., DIREOTORS: J ohn H. & No. S3 Naasau Street New York, UANKERS AND BROKERS, TRANSACT A OBNERAI, BANKING BUSINESS 8. LAING, Esq., M. P., Chairman. AND BUY AND SELL INVESTMENT No. IT WAI.L. ST., NKW VORK. SECUHlTlKg. GKNIBAL HKKBT H. PSIN80K, C. 8. I. Have constantly on hand and for sale Western City Memberaof New York & Philadelphia Stock Kiah'gaa and Farm Mortgages, bearing 7 to S percent Interest Malcolm a. liAtwo, Esq. with the mar^ Private teleiirtiphlo oommunlouMon WESTERN laCJlICIPAL BONDS John Uokatio Llotu, Esq. kets of I'hlliidulphla and Baltimore. SOLD. KMllwitf iuul other necurlttes bought and sold, Oil BOUGuajkND JoHir Pbndik, Esq., M. p. COM.MK->SK)N ONLY, In anj market. I Ir.mlars with full p«'-^^|^^n iiiHlIn d on application Stocka and Bonds purchased lor Investment or car. SIBHINBY DB0MMONO WOLFV, ried on margin. WAU9T0N H. Fbed. a. BnotrN. rOKKUJN OUDEKS, either b7 CABUt or maU, HBl P. BROWN. O. C. M. a., K. C. B., U. P raoelTe especial attention. Sib Charles Lawbkuci Youno, Bart. CALDWELL, WASHBURN & Walston H. Brown & Bros FRANCIS PAYY, Esq., Managing Director. TOWx\SEND BANKERS, BANKERS AND BROKBBS, No. S WAIiIi STREET. NO. 20 NASSAU STREET, This Company undertakes the business of Trustee to Loans of approved Railways, negotiates and Transact a Koneral Banking Business, Including tht NEW YORK. Purchase and Sale of all Securities dealt In at th* Issues Loans on the London Market, acts as Agent for New Tork Stock Exchange. Railways and other Corporations, either In the mat- Interest allowed on deposits subject to sight draft. ter of payments of Interest on Loans, Dividends oa* C. B. Caldwill. Lansing C. Washbitrn. CBAS. J. TOWK8END. Member N. Y. Stock Exchange or Registration of, Stocks In London, or otherwise. B. G. lluxBKBT, John J. C. Uuubibt. Member N. Y. Stock Exch. C^ Co. Cable Address—Patv, Lomoon. E. C. Humbert & Son, BANKERS, No. 18 WALL STREET, BAKKERS AND BEOKERS, New York, No. 39 WALL STREET, Transact a General Banking Business. Including the purchase and sale of STOCKS and BONDS for DRKXEL BUILDING, NEW YORK cash or on margin. Railway Debenture Trust Bur and Sell Inveatment Secnrltlea. COMPANY (LIMITED), Gilman, Son & Co., P. O. BOX 2,647. A. M. KCDDIK. WATI.AIID TKA8E. H. J. MOBSI. BANKERS, W. C. HIU,. No. 4 BANK BUILDINOS, No. 62 CEDAR STREET. LONDON, In addition to a Q«neral Banking Business, bur ENGLAND and 8«D GoTeniment Bonds and InTestment Securt* -snnKERS- Same Directors as the Bailway Share nrtttt §t. - 25 fme t^euuYoRK* Company (Limited). Purchase and sell on Commission QOVBBNMBNT and RAILROAD BONDS and STOCKS, and all Stewart Brown's Sons, CAPITAL PAID UP, wltU Sorplna, classes ef Securities dealt In at the NEW YORK No. 88 BINE STREET, STOCK BXCUANOB, or all reputable Secnrltlea £1,956,410 Sterllne. NEW YORK. bought and sold In the OPEN MARKET. LOANS and COMMERCIAL PAPER negotiated. Interest Itooks and Bonds bought and sold on Commission, paid on DEPOSITS, subject to check. De Twentsche C. A. BUTTUICK. Wu. Biximan. Buttrick & Elliman, l3oodt|t Bankvereeniging, 18 Wall Street. New York. B. BLIJDENSTEIN CO., —Railroad bonds a specialty.— W. & —InvestorB itre Invited to correspond.— • • • —Information cheerlullv Klven.— AaiSTEBDAn, HOI.I.ANB. membership —Fourteen yean' In Stock Exchange.— So- ESTABLISBED 1!I61. —Orders by mall solicited and promptly attended to. & BANKERS, Subscribed CaplUl, 8,0(XI,000 — GuUdera (tS,a(X>,OOQ.— 3$< Broadway, cor. Exchange Place, N. Y Pald-Up Capital, 7,861,700 - •' (t8,144.880.-) Howard Lapsley & Co., Branch OOlce, ViH La Halle Ht., Chicago. Reserve Fund, 1,358,874 31 ' {%BO3JX0.—i TRANSACT A GK.NEKAL BANKING BUSINESS, BANKERS AND BROKERS, INCLUDING TUK PUKCHA8B AND SALE OF Head Office, Amaterdam. STOCKS AND BONDS FDK CASH OK ON MAR- BRANOBES No. 34 BROAD STREET, GIN. BUY AND SKLL INVESTMENT SECUKI- TIES. INTKKK8T ALLOWED ON DEPOSITS London—EXCHANGE A INVESTMENT BANK New York. SUBJECT TO CHECK AT SIGHT. B. W. Bludknstkiij a (3o. P. O. Box 447. Nos. 58 * 56 Threndneodle Street, B.C. T. 8. YOl'.VG, JH., SIDNBT B. MeBSI. D A. BOODT, C. W. MCLKLLAN JB. Member N. V. Stock Exchange. RXCBCN LKI,AI«D. Parle—ANCfBiTNB MAisojf Leon * Dkibbb, COMPTOIB de CHANGE, LlMniD. Young & Morse, 112 Rue de RIchellen. Rotterdnm-DK WISSEI,-en EPPECTBMBANK. W. BLIJDENSTEIN, BANKERS AND BROKERS, ' BANKERS, Fascho,le-B. jB, No. 20 BROAD STREET, NEW YORK, UNITED BANK BUILDING, Almelo-LEDEBOER A CO. Transact a general Banking and Commission Transact a general Banking and Brokerage Bus'* UTall Street, Corner Broadn^ajr. Bnst- nees In Stocks. Bonds and MIsoellHnpoiDi H«<*iiritlAB Dess In Bills, Stocks, Shares, Coupons, Ac STOCKS, BONDS <£^minMmx gaitluers. ^eiu gn0lautl ^awlicrs Blake Brothers & Co., Bank of Montreal. Perkins, Dupee & Co., CAPITAl,, ... $12,000,000, Gold. CFormerly CHAS. A. Swebt & Co.), Solicit accottnts and agencies, of Banks, Railways SURPtUS, ... $3,750,000, Gold. Corporations, firms and individuals, upon favor- BANKERS C F AND BROKERS, able terms; also orders for the purchase and SMITHERS, President. Bale of Bonds, Shares, &c., &c.f on Commissloxi W.J. BUCHANAJT, General Managei No. 40 STATE STREET, on the Stock Exchange. Neffotiate lUtUway, State and City Loans and NEW YORK OFFICE, BOSTON, MASS. Issue Commercial Credits available in all parts of No8. 59 61 Dealers in Municipal. State and HaUrosd the world. & WALI. STREET. Bond». WALTER Watson, Nederlandsch Indische Alex'r Lang, Agents, Bank of Deposit, Devonshire Buy and sell Sterling Exchange, Francs and Cable 84 & 20 •*VaterSt8.,cor.opp.P.O O.N Handelsbank, Transfers; grant Commercial and Travelers' Credits, HOST . available in any part of the world; issue drafts on Interest on deposits subject to eheek. Bonds and other AmSXERDAnj, HOIiliAND. a Id make collections in, Chicago and throughout the investments bought and sold. Correspondence in vited. ESTABLISnEB IN 1883. Dominion of Canada. Orders executed at Boston and New Tork Stock Fatd-Dp Capital, 12,000,000 GnUdera Exchanges, of which we are members. ($4,800,000 Gold.) London Office, No. 9 BIrelitn I,ane. HEAD OFFICE IN AMSTERDAM. F. A. Hawley & Co., Agencies in Batuvia, Soerabaya and Samarang. Merchants Bank CoiTespondentH in Padang. OF CANADA. JOSHUA WlLBOUR, CHARMS II. SHELDON, Issue Commercial credits, make slilp- JB. advances on BENJAMIN A. JACKSON, WILLIAM BlNNEY, JB. ments of staple raereliandise, and transact other Capital, - $5,700,000 Paid Up. business of a flnancinl cliaracter In connection with ReserTe, $1,150,000 Wilbour, Jackson & Co., the trade with the Dutch East Indies. President, ANDREW ALLAN, Esq. BANKERS fXIiAKIS BHOTHERS & CO., Vice-President, ROBERT ANDERSON, Esq. AND BROKERS Agexts fok North America, HEAD OFFICE, ItlONTREAIi. 62 WEYBOSSET STREET, GEORGE HAGUE, General Manager- 18 WALL BTREET, NEW YOP.K. J. H. PLUMMli'il, Aspistant (iencral Manager. PROVIDENCE, K. I. BANKERS: 2 8 STATE STREET, EOSTON. LONDON. ENG.—Tlio Clydesdale Bank (Limited.) Dealers in Commercial Paper, Government and YORK—The Bank of New York, N.B.A. other flrst-class Bonds and Securities and Foreign NEW Exchange. Private Telegraph Wire to Adolph Boissevain & Co. The New York Agency buys and sells Sterling Ex- New Yorfc and Boston* change, Cable Transfers. Issues Credits available in B A N K X: R S Bll parts of the world, makes collections in Canada and elsewhere, and issues Drafts payable at any of Samuel G. Studley, AND theofiieesof the bank in Canada. Every description commissioN mERCH ants, of foreign banking business undertaken. COMMISSION STOCK BROKER, Newr York Agency, No. CI Street. Wall No. 4 Excbango Place, Room No. 4, AMSTERDAM, HOLLAND HENRY HAGUE, 1 Agents..„„„.. .TOHN B.KAKHIS. .Tn.. ( BOSTON, MASS. N. Y. Correspondents—Messrs. Blakb Bros. & Co. MEMBER OF BOSTON STOCK EXCHANGE. Imperial Bank of Canada. Parker Bank of Australasia, CAFIXAIi (paldnp), - - -$1,500,000 & Stackpole, (INCORPORATED 1835.) SURPIilJS, ------$678,000 RANKERS, 4 Tbrcadneedle St., liondon, England H. S. noWLAND. Pres't. D. R. WILKIE. Cashier PAID-UP CAPITAL, £1.600.000. HEAD OFFIC£, TORONTO. No. 60 DEVONSHIRE STREET, Guarantee and Reserve Funds, £717,710. BRANCHES: Letters of Credit and Drafts issued on the 109 BOSTON. branches ©f the Bank in the Colonies of Queensland, St. Catharines, Port Colbome, St. Thomas, IngersoU New South Wales, Victoria, South Australia, Tasma- Welland, Fergns. Woodatock,Winnipeg, Man,, nia and New Zealand. Bills negotiated or sent for Brandon, Atan. C. E. Jackson & Co., Collection. Telegraphic Transfers made. Deposits Dealers In American Currency & Sterling Exchange. received In London at interest for fixed periods on BANKERS, Agents in London : I Agents in New Yorlc: terms which may be ascertained at the office. BOSANQUET, Salt & Co., Bank of Montksal, PRIDKAUX SELBY, Secretary raiBDI/ETOWN, CONN., 73 Lombard Street. | 59 Wall Street. Promptesf attention paid to collections payable in Buy and sell Government, State, Municipal and The City any part of Canada. Bank, Approved Canadian business paper discounted at Railroad Bonds and Stocks. Investments for Sav- the Head Office on reasonable terms, and proceede (LIMITED,) ing Banks a specialty. remitted by draft on New Y'ork. Collections made. LiOlVDOIV, £KOL,A]VD. AGENCY OF THE Aniliorlzed Cnpitnl, ..... £4,000,000 Hubsci'ibcd Cnpitul, ...... 4,000,000 rald.Up Capital, ...... 1,000,000 Bank Reserve Fund, £300,000. OF E. W. ClarJc & Co., HEAD OFFICE, THEEADNEEDLE ST. British North America, BRAKCBES : BANKERS, Bond Street, I Tottenham Court Road No. 52 AVAIili STREET. Hill, Ludgate I Paddington, No. 33 South Third Street, Philadelphia. sell Knightsbridge, 1 Aldgate, Buy and Sterling Exchange and Cable Trans- fers. Issue dem:ind drafts on Scotland and Irelana; Hoibom, 1 Old Street, DBA.LERS IN CAB TllUSTS AND OTHER IN- London. also on Canada, British Columbia, San Francisco and Chicago. VESTMENT SECURITIES. Bant, while conducting the The general baBlcess issued in Pounds Sterling of Banlcers, gives special attention CIUCUIjAR notes Stocks an d Bonds bnnght and sold on London to the available in all parts of the world. rommlsston of Foreigu and Cotouiul Banks. C03IJIIil£- Agency CllEUIT.S for usn in Europe, A. G. CIAL ISSlfEU JOS. M. Shoemaker. Robeut M. jannit. KENNEDY. Msaaggr China, Jap:tn :ind the Ea^r and West Indies. Also, TUB in name of NEW LONDON & Ull A/.II.IAN BANK Limited, available in the Brazils, River Plate, &c. Jos. M. Shoemaker & Co. Anglo- Californian Bills collected and other banking business trans- Bank acted. D. A. McTAVlSH.i Agents.A..„„>. BANKERS AND STOCK BROKERS, (LIMITED). H. STIKEMAN, j I.OIVSON, Head Office, 3 Angel Court. No. 134 SOITTH THIRD STREET SAN FRANCISCO Office, 422 Calllornla, St. Gzowski & Buchan, PHIEABEEPHIA. NEW YORK Agents, J. & W. SeUgman & Ce. BANKERS AND STOCK BROKERS, BOSTON Correspond'ts.MasBacliuscttsN. Bk. Rea Brothers & Co., Anthorlzed Capital, - - $6,000,000 TORONTO, CABTADA. Pald.ui> Capital, - - - . 1,500,000 Prompt attention given to Collection of Commer BANKERS AND BROKERS, Reserve Fund, ----> 400,000 cial Bills and Canadian Funds on all points in Canada; American and Sterling Exchange, and Stocks, Bonds, No. 97 AVOOD STREET, etc., bought and sold. Transact, a general banking business. Issue Com- Correspondents— mercial credits and Bills Bank of New York. New York; PlTTSBrUG, PA, of Exchange, available in al and Alllanoe Bank. London. rftrts of the world. Collections and orders for Bonds Dealers in Government, State, County, Municipal locks, etc., executed upon the most favorable terms and Railroad Bonds. Execute orders in all SKCUR- listed FHED'K F. LOW. I „„ .„ ITIBS at the New York and Philadelphia *•'"'««"• Stfick IGNATZ BTEINHART, J Exchanges by Private Wire. P.N. LILIBNTIIAL. Cashier. Narr & Gerlach, Narr & Co., Brewster, Cobb BANKERS AND BROKERS, AMERICAN BAIVKERS, No. 322 CHESTNUT STREET, & Estabrook. FHII.ADEI.PH1A, STUTTGART, GERMANY. Orders executed by pnvate wire in New York, Bos- BANKERS, ton and Baltimore. A. P. TITRNEK & CO., No. 35 CONGRESS STREET, Drafts issued on all principal points in the United^ States and Kurope. 60 THREADNBEDLE STREET, L,0I\I>01V. BOSTON. Geo. B. Hill & Co., MEMBEKS MEMBERS OF THE NEW YORK AND I g.i;?aIe°.?hfi?t^ocfigL\°,fgge. BOSTON STOCK EXCHANGES. BROKERS, E. Wuthmann Co., ALSO, PITTSBrRG, PA., & Dealers In municipal, State, Railroad BANKERS, BBEJriEN, Buy and sell all classes of Western PennsylvoalS GEBSIANY, »nd United States Bonds. Securities. Correspondence solicited. ; April 26, 1884.] THE CHRONICLE. ^iuaucial Comyanigg. ~b6xDS OF siJKET¥SIIIP. The Union Trust Co., avm:. c ivoyesT The American Surety Co 611 AND «1H CHK.STNUT STRKET, No. 21 NABSAU STREET, PHILADELPHIA. ^o. 100 Hroadwajr, Nciv Vork. DIALER IN Anthorli!Cdr»pltiiI |I,000.000 I*uld-up Cupltul 5ou,0u0 CITY RAILWAY STOCKS Cash Capital, $500,000 Chnrtor Pornoliml. ActB us Kxec'iilor, Atliiilni.Htmtnr, Aftnlfcneo, Ilo- will net 11.1 sim'tjr fur l)m«)rs nnd Kinplojfooii of cclvor. (jimrdltin. Allcirnoy, Aucnt. TruMtoo and Tom- G^AS STOCIvS, nruik". ll:il!w!irH. lVTpn'v< iiirl 'iVIi'cniph ('(iniiwnlfs, mlttoo. HloiiB or in connoctloti tin •• with Individual {• • •: i,.1 will tftiiinin- nimointoo. iiloiiH iif ; (nisi. 'r:tk('« charffe of pntporty TRUST CO.'S ; collect.i and ronitts In- STOCKS, 'n Itonds r<'- tcre.st nnd inronic promptly, and olst-tmrKej* fiilth- : ' I A ut oflice, of Agents. plements ; Sidney MaKln. of Martin-Brown Co., obtained head or Company's S. Uoty, MiFFU.NTOWN ; K. E. Mor.ai/han. West WM. M. KlciIAKDS, Presi. John .m. t.KA nb, seo'y. Chestkk; W. W. H. Davis. DovLESivwN; Cliaa. W. wholesale Dry CiotHis ; W. .1. Morphy, ('attle Dealer llou'T J. IIiiLAS, A "s't Secretary. Cooper. AI.I.KNTOWN. George B. Loving. Maniiger Lovina PuMlshlng Co.; i>iUi:OTUUS: J. F. Evans. Ranchman and .Cattle Dealer. _ Goo. T. nope, David Dows, W. G. Low, O. O. Wiiilams, A.S. Uurnes, Charles Dennis, The Brooklyn Trust Co. J.8.T. Stranahan, II. A. Hurlbut, Alex. Mitchell, Investors, Attention I A. B. Hull, J. D Termllre. S.B.Chittenden Cor. of Montague & Clinton sta. Brooklni- N. T. Ueo. 8. Coe, Wni. M. Kichards. This Company Is authorized by special charter to S200 to $20,000. act as receiver, trustee, Kuardian. ezecator or ad- Ronds of Siiretysliip. ministrator. Seren Per Cent Semi-Annual Inter- It can act as a^ent In the sale or management of est net to Inyestors. NO OTHER BUSINESS. real estate, collect interest or dividends, receive refftstry and transfer books, or make purchase and sale of Government and other securities. SECURITY ABSOLUTE. HellKious and charitable institutions, and persons The Guarantee Co. First mortgage Improved property In Kansas unaccustomed to the transaction of business, iRlll on And this Company a ssife and convenient depository City, and Kood farms In Kansas and Missouri, worth OF NORTH AMERICA. lilPI.EV President. for money. hopes. from three to five times the amount of the loan. KDMUND W. COR1.IES. Vice-Pres*t. CiA Capital tSOO.OOO TRUSTEES: For particulars and references address OashAssets 4(X).0(M) John P. Rolfe, Joslah O. Low, Henry K.Sheldon. Dapoelt with Insurance Department 214,000 E. F. Knowlton, Alex. McCue, John T. Martin, JARVIS, CONKIilN & CO., Rrokers, President: Vice-President: H. E. Plerrepont, A. A. liow. Edio'd W. Corlies CITY, BtB. Alzx. T. Qalt. Hon. jas. Fekrikb. Alex. M. White, Mich'l Chauncey, Kred. Cromwell, KANSAS MO. Henry Sanger, C. D. Wood, 11. Male. Managing Director : BdwakI) Rawunqs, Wm. Ripley Itopes. THE NKW YORK OFFICE: JAS. R. CURRAN. Secretary. No. 178 BROADWAY. Kansas Loan & Trust Co. D. J. TOJIPKINS, Secretary. N«w York Dikktohs.—Joseph W. Drexel, A. L J^MCtiOll J>5lX«S. TOPEKA, KAN. Hopkins. U. Victor Newcooib. John Patoa, Daniel T. B. SWEET, Pres. GEO. M. NOBLE, See. Bdw. F. Wlnslow. Krastus Wiman. Vomace. Is the oldest and largest Institution In Kansas, glvlUK exclusive attention to the NcKotiatlng of IHAXIIATTAN STOCKS and BONDS CUOICE FIRST MOHTIJAGE LOANS ut high rates of Interest. It has negotiated over Sli.UOO.OO* of these loans for Savings Banks, Insurance Com- Safe Deposit & Storage Co At Auction. panies. Estates and private parties East. Bend for circular. 346 ^k 348 Broadway, The Undersigned hold REGULAR AUCTION Cor. of I-eonard Street. NKW YORK. YET KeoelTesforsafe-keeplni!. UNDER tiUARANTKE, BALES of all classes of No Risk; A Solid lOPerCt. Bonds, Deeds, Wills and other valuable papers; SllTor- ware. Jewelry, Paintings, Silk Goods, Old Baslneai STOCKS AND BONDS RAPID ACCmnVIiATION. Accounts, kc. Safes to rent n-oni $10 to 8200 per year. ON CAN HANDLE S0MS LARGE OR SMALL. WEDNESDAYS AND SATURDAYS. Solid as English Consols or U. S. Bonds ADRIAN H. MVLLER dc SON For Circular Address the Central Illinois Financial Asency, No. 7 PINE STREUT, NEW YORK. JAOESOSVILLE, ILL. United States Trust Co. ^V«^i»I Jtvujcstmjettts. Farm Mortgages OF NEW TORE, In Sums of $100 and Upwards on In- IfO. 49 WAI Tl THE CHRONICLE. fvou xxxvra. %uteK6stf gtwijftctids, ^c. ^Itiatijcial. "giumtciixl. OFFICE OF CITV XKEASCRER, Toledo Delphos TaUBK HAUTE, INI)., April 15. 1884. FIRST MORTGAGES IT CONCERN : To ALT. WHOM MAY „ , . The undersigned, the Treasurer of the City of Terre Haute, Vigo County, State of Indiana, has ON IMPROVED FARmS, & Burlington RR. Co., been ordered to call in and pay thirteen (18l bonds (11,000) dollars e:ich, numbered from Drawing 7 and 8 Per Cent Interest, of one thousand L.I7VE.) one (1) to thirteen (13) inclusive, issued for the pur- (MAIN pose of funding 8 per''cent sewer bonds, 7 per cent NEGOTIATED BY waterworks bonds, and a portion of the floating debt, and known as consolidated sinking and interest Toledo Cin. & St. Louis fund bonds, and dated May 1, 18S9, payable at the The Corbin Banking Co. option of tlie city after the expiration of live years from date before mentioned. Any person having 116 (ST. liOVIS DIVISION.) «noh bonds as above stated will present them for No. BROADITAY, Sayment at tlie hanking house of Wlnslow, Lanier 1. 1884. NEW YORK. The time fixed for first mortgage bondholders In- ; Co., New York city. May The interest on all the above-mentioned bonda will cease from and after May 1, 1884, All Interest and Principal Payable the above divisions to unite their Interests, and save C. A. ROBINSON. Treasurer. In New York City. City of Terre Haute, Vigo County, themselves from a threatened complete loss of their State of Indiana. From 1851 to 1866 Mr. Austin Corbin resided security, expires May 10. All information Riven at in the State of Iowa, and, in connection -wltli THE liAKfi SHORE Ac MICHIGAN JL 80DTHBRN RAILVTAT CO., the banking business, made a specialty of nego- the oflBce of the Bondtfblders' Committee, 81 Beaver tueastjker's office, ) tiating First Mortgage Loans npou Im- Gkand Central depot, > Street, New York. If you cannot fipply personi^lly, New York, March 28, 1884. proved Farms in that and other North- Directors of this Company have this The Boal J of western States, In 1866 he transferred the sendaddresB, stating nature and amount of Beouritieft day declared a QUARTERLY DIVIDKPJD of TW^O PER CENT upon its capital stock, payable on business to the City of New York, with Im- the FIRST DAY OV MAY' NEXT, and a circular will be forwarded. THURSDAY, successful results. In 1874 the Corbiu at this office. For the purpose of this, dividend, and mensely also for the annual meeting of the stockholders, for BankinK Company was organized to succeed the election of directors, &c., which Is to be held on Car Trust Bonds. the 7th day of MAY next, the transfer books will be him in this business, and has continued it ever on THURSDAY, the 3d day closed at 3 o'clock P. M. since. From moderate beginnings this special THBSB VKRI of April next, and will be reopened onthe morning WB MAKE A SPECIALTT OF of Friday, the 9th day of May next. business lias grown to very large proportions, 8AFB SECURITIES, AND BUT AND SELL SAMB D. WORCESTER, Treasurer. E. and now shows a Contlnnons and Com- AT MARKET PRICE. WE OFFER A LIMITED AMOUNT OF DE8IB Record of Result ; Covering tlie RAII,- plete THE CANADIAN PACIFIC Period of 33 Years. The number ABLE CAR TRUST ISSUES, ADDITIONAILT WAV COMPANY, Entire SECURED BY THE DIRECT OBLIGATION OF upon our books at this diite J. KENNEDY TOD & CO., Agents, of current loans THE RAILROAD EQUIPIttENT COMPANY. amount of money out- No. 63 IVlIIlam street, exceeds 33,500, and the due to individuals, savings banks &. CO., NEW YORK. April 26. 1884. standing and POST, MARTIN Prior to the Annual Meeting of the Company in and other corporations Is upward of $12,000,- No. 34 PINE STREET. Montreal on Wednesday, May 14, the Stock 'I'ransfer business grown to its present Books will be closed at Three o'clock P. M. on Tues- 000. The has day, May 6, In London the books will be closed on magnitude because its results, as shown by this Tuesday, April 15, and will be re-oi>ened in both Albert E. Hachlield, 15. at l(i o'clock long record, have been eminently satisfactory. cities'^ on Thursday, May A, M. C. DRINKWATER, Secretory. During the periods of depression and .general No. 6 ^VAI.1. STREET. depreciation of nearly all classes of investment 'PHE AMERICAN EXCHANGE NA- Bonds and Investment Sccnrltle. securities, whick succeeded the panics of 1855, WANTEDS TIONAL BANK, No. 128 BROADWAY, NBW YORK. 1857, 1861 and 1873, these first mortgage Home Watertoim & Ogdensburg lets and 2d0, farm loans negotiated by us, based upon a 40- April 2.5, 1884.— At a meeting of the Board of Oswego & Rome Bonds. per-cent cash valuation of the farms, returned Joliet & Northern Indiana Bonda. Terre Haute & Indianapolis Stock. this a dividend of Directors held day, THREE AND high rates of interest to the lenders, with Mexican (Corliss) Bonds. Grand Rapids ONE HALF iSl4) PER CENT on the capital stock almost the promptitude of Government bonds, & Indiana Bonds and Stock. was declared, payable on the 1st of May prox. and from the beginning of the business to the have absolutely proved them- Transfer books close to-day and re-open May present time Reed & Fla^ selves to be the Safest and Best Paying 5, 1884. DUMONT CLARKE, Cashier. Investment in this Conntry. From Duncan Building, Cor. Nassau & PineSta. to year during this period of 33 years we ''PHB BANK OF THE STATE OF year KNTRANCa No. 11 PINE STREET, -•NEW YORK. NEW YORK, April 22, 1884.- At a have been perfecting the details. Our corrf s- meeting of the directors of this bank held this day, pondents In the various States are picked men, BROKERS AND DEALERS a dividend of FOU R PER CENT was declared out skilled In this branch of business, of superior IN' of the earnings of the last six months, payable on judgment, unquestioned Integrity and honor, after May 10th next. and and thoroughly conversant with the Uws, pro- B O ]V I> S. The transfer books will be closed from the 30th cedure and practice of their several States. In Instant to May 12th, both days inclusive. addition this, all the farms are examined and By order of the Board. to FOR SAIiE: JOHN H. ROLSTON, Cashier. our correspondents' statements concerning HOUSTON WEST STREET & PAVONIA FERRY them revised by independent agents of our corn (HORSE) RR. Ist Mortgage 7 Per Cent Bonds, QNTARIO SIIiVER MINING COM- pany, iiaid by ns a liberal salary, who report Interest January and July, due 1894, at 113^ and accrued interest. PANY, (Mii.i.3 Bnn.raNG,) 15 Broad Street, New directly to us in Now York; and in a multitude of At that rate they pay 5^ per cent on the investment. York, April 21, 1884. minor details which have been perfected at DIVIDEND No. 94. great expense through the experience of this .1. P. AVIlVTRINGHAin, MONTHLY DIVIDEND of THE REGULAR long iieriod we have been able to reduce the 36 PINE STREET, N. Y. FIFTY CENTS per share has been declared fov luanagemeut of this business to a perfect system. March, payable at the office of the Company, San Indeed, It Is the perfection of our work that has Francisco, or at the Transfer Agency in New York, on N. T. Beers, these first mortgage loans upon im- Jr., the 30th Inst. Transfer books close on the 25th inst. enabled LOUNSBERY & HAGGIN. Transfer Agents. proved farms to manifestSthelr superiority and to maintain their very high standard of value Brooklyn Securities, City Bonds ST. PAUI< MINNEAPOLIS dc over all others, while at times great depreciation THEMANITOBA RAILWAY COMPANY, Gas Stocks, &c., followed nearly other classes of invest- No. 63 WILLIAM STREET. ) has aU NEW YORK, .\pril 2. 1884. t ments. No. 1 NEW^ STREET, .The usual Quarterly Dividend of TWO PER CENT on the capital stock of this comi>any has this day been To investors who wish to place money for a NEW YORK. declared, payable at this office on and after May 1, term of years witb entire safety, at rates 1884, to stockholders of record on that date. I.TED The transfer books will be closed on Wednesday, varying from 7 to 8 per cent, we recommend TO HOI.DERS OF DEFAC April 18, at 3 P. M., and will be re-opened on Friday, BONDS. UayZ, atlO A.M. these loans as being, all things considered, the undersigned invites correspondence with JOHN 8. KENNEDY, Vice-President, tlie inrorld. The Best in holders of all WESTERN DEFAUXTED OR RB- We hold ourselves in readiness at aU times PUDIATED BONDS of Cities, Counties, Townships PUI-IiMAN'S or School Districts. Will purchase ut best rates. OFFICE OF PALACE promptly, personally or by letter, to reply to all Give full description and address CAR COMPANY, CHICAGO, ILL., April 21. 1884« DIVIDEND No. 00. inquiries and to furnish all needed information T. J. CHEW, JR., St. Joseph, no. The usual QUARTERLY DIVIDEND of TWO (2) In detail. PER CENT on the capital .stock of this company from net earnings has been declared, payable May We have prepared an exact statement ol the S^enetr Tnui. Gtt. F. Peabtdf, 15 to stockholders of record at the close of business results of $3,501,845. comprising investments May 1, 1884. Transfer bOoks wlU close May I and re-open May 16, 1884. for Individuals for the last ten years. Of this Spencer Trask & Co., A. 8. WEINSHEIMER, Secretary. amount $3,310,417 were paid promptly with in- & terest in full when due, or over 94 per cent. Bankers, ST. PArt NORTHERN PACIFIC Of the $191,428 unpaid at maturity there has RAILWAY COMPANY. with an added interest 70 Broadway, New York City. The Quarterly Interest due May 1 prox. upon now been paid $118,180, the registered bond certificates of this company, will of $63,136, leaving yet to be collected $73,248, be transmitted at m.aturity to holders of record which is prtucipally duetrora a few later delin- Transact a General Banking Busintu April 25, 1884, from which date until .May 1, inclu- (lucnts, is being rapidly paid up, and is transfer books will sive, the remain closed. absolutely good. So it wlU be seen that 98 GEO. S. JONES. Treasurer. per cent of all thin $3,501,845 capital Branch Offices has been already returned ^vitU rates NORTHERN PACIFIC RAILROAD of interest varying from 7 to 8 per Ctnnected by privatt .wires. COMPANY. eent, and that only ! per cent is now un- THEASUiiSR's Office, no. 17 ( 132 S. Third St., C. F. F** Broad St.. paid. What other class of Investment securi- PlouunLFHiA, New Vokk, April 17, 1884. ( iit an average, will show such a Albany, N. Y., 66 State St., W. A. Gnw Coupons of the Missouri Division Bonds of this ties, taken company, due May 1 proximo, will be paid upon pre- record as this ? PioyiDBNCl, R, I., 13 Westmintter St. sentation at this oiHce on and after that date. We solicit investors to investigate our meth- SAKAToaA. N. y , Grand Uni»» Hotel nOBKRT LBNO.V BBLKNAP. Treasurer. ods and the character of the loans. xmtlt HUNT'S MERCHANTS* MAGAZINE, REPRESENTING THE INDUSTRIAJi AND COMMERCIAL INTERESTS OF THE UNITED STATES VOL. 38. SATURDAY, APRIL 26, 1884. NO. 983. CONTENTS the two roads about which the most has been charged this THE CHRONICLE. week, and even that property, it will be seen, is far from nie Financial Situation 491 I Returns of the Banks of being in such a distressing condition as the rumors afloat BuBgeetlons for a New Bank I Canada 408 Currenpy 404 Monetary and Commercial would indicate. If that road fails to meet its interest, the Erie's roaltlon EnglisU News 499 and StandlDR.. 495 I Short Time In the Cotton Mills 497 I Commercial and Miscellaneous default will grow out of future events not yet developed. I News 500 TUr. r. VNKER8' GAZETTE. But, passing that and two or three other instances, are not Money Market, Foreign Ex.- QiiotationsofStocksand Bonds 504 change, U.S. Securities, State New York l/Ocal Securities 505 the traffic returns in various sections, now being reported, and Railroad Bonds and Railroad Earnings and Bank Stocks 502 Returns 506 much better than the forebodings that have prevailed ? Range In Prices at the N. Y. Investments, and State, City 8to«k Exchange Most assuredly there is no such loss of business yet 503 i and Corporation Finances... 507 apparent as was promised, while with regard to the future a favorable start for the season's crops seems to be as- sured. Some (in the absence of a better grievance) fret Ths Commbbcial AST) FiKANCiAL Chboricle m published in New York every Saturday morning. about India crowding out our wheat, and its being fed to (Eatered at the Post Office, New York, N. Y., as second-class mall matter.] cattle or left to rot in the fields. All that is idle talk, TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCEi good enough for Wall Street perhaps, but no country can For One Year (including postage) $10 20 For Six Months do 610 lay down wheat at Liverpool cheaper than we can. Our Annual subscription in London (Including postage) £2 78. have to fear from speculators than from Sixmos. do do do £1 8s. farmers more These prices Inclndp the Investors' Supplement, issued every other India. If then only have good crops, the marketing month, and furnished without extra charge to subscribers of the we CUROXICI.E. of the produce, together with a World's Fair at New Subscriptions will bo continued until ordered stopped by a written order, or at the publication office. Tlie publishers cannot be responsible Orleans, is pretty sure to give our roads about as much fbr remittances unless made by Drafts or Post-Offlce Money Orders. Ijondon' OHIce. as they can do the coming fall and winter. The office of the Commekclvl and Financial Chbonici.b In London Is with Messrs. Edwakds ii Smith, 1 Drapers' Gardens, E. C. where Yet, while all this is true, such considerations count but subscriptions and ndvnrtlscinonts will be taken at the regular rates, ftnd single copies of the paper supplied at Is. each. little with the conservative public, which sees Congress A neat tile cover is furnlsheil at 50 cents; postage on the same Is 18 cents. Volumes bound for subscribers at $1 00. persistently forcing upon us a currency system that is WILLIA.^ B. DA!«A Sc Co., Pnbllshera, WtLUAM B. DASA, actually bleeding us to death. There never was a more VUiia. 79 dc 81 William Street, NKW YORK. JOHN O. Post Office Bo.\ 958. ;'i evident case of self-destruction than our country is at this On page 498 will be found the detailed returns of the Banks moment engaged in. We have no commercial malady; of the Dominion of Canada for March 31, furnished us by tlie we are not insolvent ; we are not even largely in debt, Deputy Minister of Finance, Mr. J. M. Courtney. The returns either as individuals or communities; we are not short for February 29 were published in the Chro.vicle of March 29 of any of the necessaries of life, for they are both abun- on page 876, and those for January 31, in the issue of March 1 dant and cheap ; we are the same active, self-reliant, ven- on page 247. ^^^^^^^^^^^^^^^ turesome people we were three years ago ; capital also is THE FINANCIAL SITUATION. in very good supply at very low rates of interest; and yet Very little has occurred to change the situation of there is not a morfel of enterprise, but a kind affairs the past week. On "Wall Street the special influ- of dry rot has taken possession of all our industries. ences Lave been the depression and disagreements in the Some try to think that it is the tariff talk that is disturb- coal-carrying business, the slow progress made towards ing the relations of trad^; but a difficulty with that settling the differences between the Burlington & Quincy explanation is, that the same condition existed before that and the Union Pacific, the disorganized condition of the agitation began, and furthermore, most values are lower Trunk Line Pool, and the general weakness of what are now than the proposed reduction in the tariff would war- known as the Gould stocks. From the latter fact the rant. Others are sure that it ia the coming Presidential inference has been drawn quite widely that Mr. Gould baa election that is paralyzing our energies; an absurd explan marketed during late weeks or months a good portion of ation for a people that have passed through so many such his properties, and is not an unwilling spectator to the experiences with business unchecked, even too at critical present decline, while the loss in earnings of some of the moments when much was at stake; while now, if the coal-carriers has given currency to rumors of impending tariff is not an issue, we are not sure that anything is. financial difficulties in the case of on6 or more of them. Still others look pleadingly to Gongress to adjourn and But these are all mere trifles as light as air, were it not think they see in that the realization of their hopes; and for the distrustful attitude of the public mind, which yet we can hardly imagine what relief is anticipated, leads it eagerly to harbor every unfavorable suggestion. since as a legislative body it is literally doing nothing, Share property in general is really in no special danger. and unless all signs fail, there is no reason to expect any We have in another column set out the condition of one of change in that particular. 492 THE CHRONICLE. rvoL. xxxvm. No, the truth is the difBculty lies deeper. Capitalists April 5th. The gold so arriving is being sent to Cub and business men know that we have entered upon a on the order of the representatives here of the Spanish course which sooner or later must 6nd in disaster. They syndicate. are therefore in a listless mood, waiting, watching, un- As already indicated, the stock market has been un- willing to engage in any enterprise, or to trade except settled and generally lower this week. Eich day there with the utmost caution. It is not because gold has left wtrj rallies, due, however, to manipulation or a temporary US, or continues to leave us, but because of the unknown covering of short contracts, and when the demand for this power of the volcano that is working underneath and pro- purpose ceased, the downward movement was resumed. ducing the outflow, which disturbs our people and in- Monday the market was panicky during the morning and dustries. In the meantime the two parties in Congress, very feverish until the late trade,' when there was a manipu- instead of doing anything to relieve the situation, are just lated re-action. The feature on this day was a fall in keeping up that ceaseless, wearying, face to face, Union Pacific, the Southwesterns, the coal shares, and Erie. steady stare at one another, like two dogs over a The movement was accompanied by disquieting rumors presidential bone, apparently thinking that the one dis- one of which was that the pool in Union Pacific had liqui- playing the most humbug and the least principle will hold dated Mr. ; that Gould had been freely selling his proper- the winning cards for November. "We doubt it ; and if ties, including Western Union, and that the Erie had a Congress were elected to-day, it would doubt it too. As large amount of papsr floating on the street. Although an indication of what the people now think, it is refreshing the tone was a little better at the close, the feeling was to turn to a party convention held in this State this week, very gloomy. The next morning there appeared a state- and read the unequivocal announcement of its " adherence ment by Mr. Jewett, of' the Erie, positively denying the " to a sound financial policy which dictates the immediate rumors current on the previous day, while an interview * suspension of the coinage of the standard silver dollar, with Mr. Gould represented him as saying that he had not "the retirement of the trade dollar, and the inflexible sold, but, on the contrary, had been buyiug stocks. In- " adjustment of the currency to the single standard of gold.''^ fluenced by these statements, the market opened at an Our opinion is that no one will be elected president next advance compared with the close of the previous day, and fall that has an uncertain record on these points; the dis- there was an irregular but generally upward movement turbance is getting to be too serious and, too widely under- until the afternoon, when liberal sales of Union Pacific, stood to permit of scepticism here. probably to realize the profits of the advance, had an un- The market for foreign exchange has continued strong settling effect for a. short time. In the final trade there all the week, and on Thursday the rates were advanced was a sharp recovery, and the tone was strong at the half a cent per pound sterling. This rise in rates followed close. On Wednesday the advance movement was re- pretty promptly the rise in prices of breadstuffs, favor- sumed at the opening, but the tone of the market changed ing the presumption that the latter affected the supply of before noon, and for the remainder of the day it was bills from that source. Still the shipments of grain have more or less unsettled, closing weak. On Thursday the been very light, making the drafts drawn against them market was feverish at the opening, and it so continued •quite limited in amount; and moreover a disposition has until near noon. After it Recovered, the movement was all along existed among bankers to discriminate against upward, with the exception of a sharp decline in Reading all but really prime bills of that character. Some bankars, to the close. Friday, Reading developed renewed weak- however, report that they are able to gather bills enough ness, in which the other |coal properties shared, and the from the small variety offering to meet current require- trunk line stocks (as well as West Shore bonds, which were ments without shipping gold, while other bankers claim depressed by reason of the application for a receiver of that the demand upon them is so urgent that they are the Ontario & Western Terminal Company) also showed forced to ship, although the profit of the move- a lack of strength, but the close was at some re-action ment is acknowledged to be very small. Discounts from the lowest figures. Union Pacific was strong in the open market at London have for the past fortnight throughout the day at a slight advance. been nearly as low as our rate for call money and now Railroad earnings for the later weeks of April, as in they have fallen to 1 5-16 percent. It is not reasonable to the earlier weeks, make on the leading Northwestern, suppose therefore that any gold has been sent this week Southwestern, and Southern road=, according to the weekly on speculation. The outward movement has undoubtedly returns coming in, a very satisfactory showing. We have been in response to legitimate demand for remittance either previously alluded to some of the exhibits for the first and from importers of goods or from the arbitrage brokers second weeks of the month. For the third week the S^ dealing between the two markets, and there is a fair pros- Paul, which last year gained the large sum of $104,000, pect for a continuance of these exports. Perhaps a check loses only $24,000 of it in the present year. ^ The to the outflow may occur when money becomes more or less Northwest loses $2,900, but had last year an equally small permanently dearer here than it is in Europe, enabling gain. The St. Paul & Omaha, on the other hand, which foreign bankers to employ their funds to good advantage in 1883 gained $12,000, now gains nearly $32,000 in in our market. The exports of gold this week have been addition. Northern Pacific has earnings twice as great $3,438,805 on Wednesday, $250,957 on Thursday, and as in 1883. Minor roads in the same section, like the St. $1,400,000 have been withdrawn for shipment by the Paul &Daluth and the Milwaukee Lake Shore & Western, steamers sailing to-day. The rise in the price of bar silver also show improvement on last year, io addition to in London has encouraged the export of about $250,000 the improvement recorded then. In the Southwest, S;. of that metal this week. One unusual circumstance may Louis & San Francisco has as yet suSered no intsr- be mentioned, and that is that gold is now crossing the ruption to the large augmentation in its businej?, Atlantic in both directions. A syndicate of Spanish for which it has thus far in the present year been dis- bankers, interested in Cuba, have contracted with the tinguished. The gain for the third week is $13,400. In Bank of France for about $2,000,000 Spanish gold owned other sections we have the Ohio Central and the Long by the Bank, and a portion of this has been shipped to Island, both of which have done better than a year ago. the United States in transit for Havana, some arriving In the South, the Louisville & Nashville deserves t > be last week and a small amount during the week ended mentioned for its steadily rising earnings. It gains . Aniir. '0''. IfiP-l.] THE CITRON ICLR 49:^ previouely iy half a million in net, the augn »x. i5;:;,;,jiiu loi iLe third week, and bad :^, rest. to the $70,500 in the first two week?. penses having absorbed all the As Western lines, J'eniisi/li'unii Railroad's statement for March niakea a the reduction in rates on east-bound freight that occurred very much better exhibit on the hnes east of Pittsburg in March was no doubt a very unfavorable feature. On than for either January or February, and the improved the 13th of the month, the rate on grain was reduced from reeuh has in great measure been brought about in the way 30 to 20 cents per hundred pounds, and on the 20th it was we suggested it might be, namely by a reduction of further reduced to 15 cents. The Eastern lines were able expenses which in past years have been increased enor- in great measure to overcome this adverse circumstance mously. We find that the loss in gross earnings is $I8(>,- through the large extent of their local trafiic, but on the 753—which is comparatively small, considering the adverse Western lines this trafBc plays a much less important conditions prevailing and the heavy continuous gains made part. in this month iu preceding years—and this loss in gross The following shows relative prices in L-^ndon and New- receipts has been offset to the extent of $135,877 by a York of leading bonds and stocks at the opening each day. contraction in expense?, so ^hat net earnings are only $o0,876 smaller 'than a year ago. When we come AprU 21. .ll>r«23 .*prtl23. .4prU2l. ilprtl25. to the lines west of Pittsburg, however, we meet with Lond'n w.r. Lond'n N.T. Lmd'n N.T. Lond'n N.r. Lond'n sr.T. prlcM," prices. prices." price*. price..' prices. prices.' prices. prica.' prices. an entirely different result. Here we have again a D.8.4a,c. 23 17 123X 128-00 Mt3H 12860 liSH 123-30 123 21 12^ very large falling off, there being Ibis year a de- a.s,4Ks. 113-42 118}* 113-42 118« 113-42 ll!(« 113-30 113K 113^93 US Brie 1949 19Hi 18-14 im 19-49 lOH 18-89 18« 1863 MH ficiency in meeting liabilities of $108,883 for the month, Sd DOS. 84-85 85 83-38 84 85-ai 8a>^ £8-01 82M 83-96 esK while in 1883 there was in the same period a surplus of 01. Cent. 128-75 12S-73 129« 120-30 129« 128 70 laex H. r. C. llii-70 n'^ llS-Ofl 114-18 1I4H 118 53 USX 113 91 $153,3GG, making the difference against 1884 $262,249 Readlnfi 21-52+ 48 23-66+ 47)« ?4-27+ 48M 22-80+ 40 2£-6»t 4S 0nt.W'n 0-13 ow 9-31 m 0-07 870 m which, added to the loss of $50,873 net on the Eistern '84-20 St. Paul. 85-71 85 8510 85-83 im -84-85 84 system, makes the total decrease, compared with 1883, on Can.Pao. 60-27 49« 49-78 50 80-87 407s 48-60 46« 46-88 46H all lines, both East and West, $313,125. As compared Bioh'ge, oables. .4-80)^ 4-OOH 4-90« 4-eoHi 4-«l with the years preceding, the showing is even more unfav- * Expressed In their New York eqalTalent, orable, chiefly by reason of the great loss on the Western t Eeadin;? on basis of $50, par value. lines. Ttis will appear from the following statement giv- Money on call was quoted at the stereotyped rate of 1^ ing the i€Ei li3 for six years, both for March and the @2 per cent until Tuesday, when there was a spasmodic three months ended with March. movement, which brought it up to 3^. This was, however, lAlUt Eiut 0/ all 1882. 1831. 1880. 1879. immediately followed by such a liberal supply from Pittsburg. 18S4. 1883. quarters that the rate fell to 1^. Eich day since then March. » » t % Gross eamlnss.. 4.002,6*7 4,1S0,380' 8,012,29f 3.844,304 3,278,180 2,60!V)6.S there has been a similar movement, succeoded by equally Opeiut'ic expoDses. 2,508,076 2.733,e51| 2,496,WI 2,045,078 I,7n6.(l3'< 1,615,815 liberal offerings. These flurries may foreshadow a period Net oamlnKs.. 1,404,551 1,455,427: 1,4I5,80J l,79»,22fl 1,511,24H 987,223 Western liocB H0S3S •l.M.SBB •43,163 374,4-31 •OlS.Oatl •23.652 of greater activity in money. There has been very little Result.. 1,285,668 1,608,703 1,460,065 2,173,017 2,120,307, 1,010,775 change in the rates of exchange on New York at interior Jan 1 to ^iiril 1. points during the week. The following statenient, pre- Gross eaminss. ... 11,003.593 ll,830,0;2 IO,50'3,3»J 10,129,13* 0,300,313 Operaty expenses. 7,303,327 l.am.l^l 7.022,07. 5,904,«42 S,10a,5s6 pared from returns collected by us, exhibits the week's Net oarnlnKs... 3,605,286 4,263,l-«' 3,5^9,080 4,161.10 4,1«»,72>- receipts and shipments of gold and currency by the New Western Lines..... 'l-3(i5,400 •276,610 +12,286 •9-^0.650 '1.01»,18( York banks. Rcanlt.... 8,.S.W 77B 4.5-JH,SI0! 3,557,40- 6,158,85. * Suriiliis^ I Dcflcit. Week EndinQ AprU 29, 1884. Received by Shippedbv Net Interior Here we see that these Western lines make a poorer N.Y. Banla. iV.r.Bonfcr. Movejnent. exhibit this year than in any other year given. As com- CarrenC7. »3,150.000 (254,000 Gain »2,S«6.00O Gold 30,000 (iuin. 60,000 pared with the best, year they have had, namely 1880, Total gold and legal tenders. t3,200,000 (234,000 Galn.t2.940,000 when there was a surplus of as much as $615,059, the falling off in this one month reaches nearly three-quarters The above shows the actual changes in the bank hold- of a million dollars, and as compared with 1881 the loss ings of gold and currency caused by this movement to is nearly half a million. Even the poor year, 1882, is and from the interior. In. addition to that movement, the is behind. it happens outdone, and 1879, too, left Thus banks have lost $500,000 through the operations of the that, including the result on the Western lines, the Penn Sub-Treasury and $0,571,000 more by exports of gold. earnings only sylvania system of roads shows net of Adding these items to the above, we have the following, in $1,295,GG8 in March, 1884, against over $2,100,000 which should indicate the total loss to the New York both 1880 and 1881. The total, however, it is satisfactory Clearing House banks of gold and currency for the to note, is above that of 1879, when it was but a trifle week covered by the bank statement to be issued to^iay. over a million dollars. Bat in the exhibit for the first Xet Chantt in quarter of the year the total is almost exactly the same as WUk Bndlnt AprU 2S. 1884. Into Bonks. Outo/ Bank! Bank HoI in 1879, the difference being only a few hundred dollars, Banks' Interior Movement, as abore (3,200,000 (254,000 (iuln.«2,91S,0t(> 7,071,0C0 iMM. 7,071.000 and the small improvement is attributable to the same dub-Treas. operat'ns and guld exp'ts I.oss.(4,12.'),000 Total gold and legal tenders (3,^00,000 i (7.;«5,000 i cause, that is, to the unsatisfactory result on the Western system, for the Eastern lines have in- The activity and decline in the United States 4 and 4^ creased their net over half a million in the inter- per cent bonds this week are attributed to manipulation al. As compared with any other year than 1879, the by two prominent houses, each operating in different showing for the quarter in 1884 is far from satisfactory, directions—one seeking to depress the 4^s, and the other for in 1883 the total was over $1,200,000 greater—that is, to advance the 43. In the absence of a demand such the loss thus far this year reaches that much on the entire manipulation is possible. system—and in both 1881 and 1880 it was over $1,700,000 The Bank of England reports a gain of £191,000 bullion greater. What offers the greatest encouragement for the during the week. This represents £11 0,000 received frona future is the fact that there is so much room for a large abroad and £81,000 from the interior. The Rank of reduction in expenses. While since 1879 the Eastern lines France gained 8,753,000 francs gold and 1,920,000 francs havegaiued nearly 3| million dollars in gross, they have silver. The following indicates the amount of bullion in ; 494 THE CHRONICLE. I Vol. xxxTin. the principal European banks tliis week, and at the cor- •to-day, with little or nothing to do. How much responding date more last year. automatic the Canada arrangement is, may be seen by the following April 24, 1881. April 26, 1883. statement. CANADA BANK RETURNS. eold. Silver. Gold. Silver. Liabilities. Jfai-..1884. M Feb., 1884. Dec., 1883. Dee., 1882. Bank of England 25,327,648 21,186,058 $ Bank of Capital paid up France 40,126,570 40,088,589 39,990,780 41,834,428 61,628,,749 ,699,469 61,461,733 61,039,667 Reserve Bank of fund , 17,567,718 Oennanjr 7,438,250 22,314,750 ,815,000 23,445,000 ,562,718 17,457,718 No: r'port'd Kotes in circniatlon 30,197,,882 ,576,178 33,589,456 36,501,691 Total this week 72,892,168 62,403,339 Govornment deposits 68,991,838 65,279,428 7,580,,190 ,653,102 11,197,709 11,801,327 Total preTlons week 72.814,199 Otlier deposits 62,939,174 6S,836,613 64.940.505 97,237,,693 ,365,225 96,609,74U 96,879,645 Loans, Ac, due Can. banks. 2,418 The Assay Office paid ,502 ,518,467 2,451,616 2,669,886 $152,879 through the Sub Due foreign agencies. ... 2,133 ,623 ,653,846 1,556,312 1,560,818 All otner llaljilities 263 Treasury for domestic bullion during the week, and the ,720 305, C 24 378,007 336,266 Total liabilities.. Assistant Treasurer received the following from the Cus- 218,998,077 219,,234,629 224,722,195 210,789,193 tom House. ASSETS Specie 6,937,105 • 7,366,541 7,225,553 6 ,665,761 Domion notes 11,764,808 OonHtting of— n,519,92vr 11,176,,840 10,,483,843 Other chocks and notes 8,642,507 Date. Dutie$: 7,977,587 10,595,,6M 10,097,494 Due from foreign U.S. Bold agencies. 17,650,839 19,077,395 13 Sold. Silver Our- 22,286,,069 ,963,307 Loans to Gov't,individ'ls,&c 164,570,886 Kotet. Oertif. ti/Uaiet. 162,520,298 163,399,,275 177 ,361,075 Over-due debts , 4,591,051 4,325,632 Apr. 18. $416,287 70 4,396,,300 3 ,131,561 $35,000 $78,000 «21 5,000 Securities and leal estate. . 7,366,225 $89,000 7,227,323 7,232,,510 7,,511,795 " 19. S17.863 41 9,000 All otiier assets 44.000 149,000 115,000 1,967,516 2,059,277 1,881 ,453 2 ,600,379 " 21. 556,194 45 8,000 60,000 304,000 184,000 Total assets. " 223,380,937 222,073,974 228,193,651 230,876,208 22. 554,186 64 12,000 128,000 238,000 176,000 " present 23. 336,572 81 6,000 46,000 170,000 114,000 We these figures solely to show the changes " 24. 375,789 22 5,000 42,000 230.000 98,000 made from time to time in the amount of bank notes in Total.. $2,556,894 23 »75,000 $398,000 1,306,000 $776.0( circulation in Canada. The reader will remember that the banks have authority to issue notes to the full extent SUGGESTIONS FOR A NEW BANK CVRRENCT. of their unimpaired paid-up capital, that stockholders are I I liable in double the amount In another column this week the monthly Canadian of the capital, and that the bank 'notes are a fifst lien on all the assets; returns are published, and we call attention to them furthermore, there can be no jugglery with regard here, for the purpose of illustrating one feature in which to who are the stockhold- ers in case the occasion is reached Canada's paper- currency machinery seems to work with when personal liability attaches, for a return of each and greater efficiency than ours. We are aware that accord- all of them is made an- ing nually to Government and published to popular belief, we have nothing to learn in these in a Government re- poi^. This would seem to particulars from our neighbor. Even the suggestion we make a very safe currency, but (mark this) it is one that depends wholly have made, has probably raised in many a reader's mind upon the issuing bank, its assets and stockholders an inquiry as to what could be safer than our national for its ultimate payment, bank and consequently with an inclination, notes, legal tenders and coin certificates. We do or rather a decided not proclivity all the time (and especially in dull propose to discuss that question. In fact it may be seasons) to return to the emitting bank. admitted at the outset, that, in the matter of ultimate That is to say, such notes safety cannot be kept out except so far as or redemption, most likely we have reached as they are in active em- ployment, for they can secure no resting high a standard as we or any other people ever will. place outside the vault But there is of the issuer, and this makes them a feature necessary iu a paper currency, if fluctuate in we would keep amount strictly in obedience to the wants of it as little disturbing as possible, which it commerce. Hence it is, as we see in the above return, would be well for us to become more familiar with, that although the Canadian banks are authorized especially as the day is rapidly drawing near when we by law to issue notes must to the full extent of their unimpaired substitute something new for our bank notes. We capital, yet even during the activity of 1882 with a paid-up referred to this property, and the evil its absence was doing capital of 61 millions they only had out us, in an article on the subject on the loth of March 36J millions; and ever since (page that date as business activity has declined, the 314) when we stated that the shipment of 10 mil- volume of the notes has also steadily and lions of gold had not in the least disturbed our money concurrently declined. market With us how different is the situation. and that "if 10 millions more should go out We have a paper currency, first of bank "before the first of April the rates of interest would notes, second of legal tenders, and third of coin certificates. "scarcely mark the event." Instead of 10 millions more, The latter when once nearly issued can never get back except through 20 millions more have now been shipped, and yet the Custom House and are increasing monthly, what we call money is still a drug with call loans at only even during these dull 2 per cent times; of the two other kind?, legal tenders are unaltera. and plenty of money offering on time at 4 to 5 per cent on best security. bly fixed in amount and bank notes only change in volume as the changing prices of United States bonds Of course this condition will be attributed to an accu make the mulation profit in their issue fluctuate. As to bank of loanable funds at the commercial centres on notes they account have no tendency whatever towards the issuing of Ihe inactivity in business, and therefore the bank,* no little use there is holder thinking of the bank as the payer, the for it. That is certainly a correct ex- Government, planation. through the Government bond at Washington, being We can keep in active employment in pros- vir- tually the guarantor, while as between perous times a much larger amount of currency than we the banks these can in du'l times; notes are made a legal tender in payment of any debt or so when it is out of employment, if it is kept liability. Such a paper currency has no afloat, it must accumulate somewhere. We do adaptability not object to whatever to the needs of commerce; it neither increases the explanation, but to tiie fact that we have a paper currency nor decreases with the fluctuations in business activity that is encumbered with just this defect, and does not retire itself once out means always out. As a consequence, our money when there is no use for it. It is the product of market bears no relation to the money markets of other what are called prosperous times, guaged to serve the purposes commercial nations. We have been the cheapest in the of extreme activity, but remains a dis- turbing force * Tlie in the channels of commerce just the same redemptions at Washington arc of no moment, boinir only about 5 mlllious a month, and almost all of that being mutilated currency. . APRIL SO. 1884.] THE CHRONICLE. 495 world, not because we bad more capital or more gold than come to band so late as to be practically useless except for we needed, but simplj because we had so much idle cur- an inqiiiry like the present. rency (ihe medium we pay our domestic debts with) that 1882-3. 1881-2. 1880-1. 1879-80. 1878-79, the market was held away from the influence of gold currents; and hence it is that we can lose 30 millions of OroM sarnlng* 80,71 630S lS.«g8,10t« Opantlsv ezpeniw. . . •16.4MJSS 18,088,004 1 8,284380 11343,020 11.I7438I that moUl with so little apparent effect. Ncteamlnsa T,SST.«»4 «,887,«e0 7,400378 7,040,184 4.7a73t4 These facts give us a view of our paper currency, which MUoelltnwras Inoasn. 87e,TSB 780MB SM30e is certainly suggestive. We are rapidly reaching a point, Total Inoom*. 8.SS4,«8 7,068380 8308381 7338,141 0,400301 through the payment of United States bonds, when a new Intereit on dobt system for banks will have to be devised. The thought 4,M«,SM 4318,800 4,148,740 S38B378 2347,7U RenUli * otbar Int., Ao. B/«».Bea 8,18B3S4 83873U 8,078,847 8,ioe3a we wish to present is whether in devising a substitute we ToUl «,«e8.«78 ttmfim 8.410388 e^O«»3IO are not too exclusively absorbed with the question of ulti- B*lanoa 1;M6,48B i,i«a,e48 mate safety, and whether after all a Government bond or Gov- Lot- Sink f*d re-org'D, 1st Hon 100,000 100,000 guarantee is desirable as a basis. Of course, bank ernment Interest on Inoomea. 80,480 80.480 80,480 notes should be above suspicion, but should not the source DlTtdend on prof. Hook. 488,088 48S.0S8 404340 Snrplas ... 640,017 B91,l»4 13M308 1,780341 l318,1flB of safety be in the bank itself, not in the Government, so Funded debt. 76,867.187 70.267,188 e7,i«e,eae' ot.178,74b 803783a that the tendency or proclivity of the note when it has ' Including 68 per oentof the earnings and the entire workinc ezpensea at finished its work, or is out of active use, would always be the New York Pennsylranla A Ohio road from May 1. legal- towards the issuer for redemption. Certainly no The comparison of gross earnings above is vitiated by tender power should be conferred upon it even as between the inclusion in 1882-3 of the earnings of the New York banks. Every such feature helps to prevent the free Pennsylvania & Ohio, but the comparison on net earnings action of the system. What is needed is a currency that may be accepted as substantially correct, and that shows is self-regulating because a creature of commerce, and that the company has made steady progress in its business, therefore sensitive to every trade influence; not only ex- the total net income ($8,234,463) in the last fiscal year panding and contracting from year to year with the having been only a trifle below the largest ever made (in changes in industrial activity but varying in volume with 1880-81.) Oa the other hand, the yearly balance remaining the business seasons. shows a diminution—almost solely, however, by reason of We have in the above confined our strictures mainly the fact that the charges have greatly increased since to bank notes, because our national bank note system is 1878-9, though this arose not through additions to the now in jeopardy and must soon be remodeled. Of course the road's indebtedness, but rather very largely because under defect referred to, is even more obvious in the case of the the reorganization agreement interest on the whole debt legal tenders and of silver certificates. The truth is, that did not have to be met in full in the early years. Had any feature or device in a paper currency which tends the charges been as heavy, say in 1879-80 and 1880-1, as to keep the note in life—that is in a position where it in 1882-3, the balance for the latter year would make a must be used—when there is no commercial use for it, very favorable comparison with any other year given. makes it artificial and disturbing; and no nation can persist But the main interest just now is as to the extent of that in employing such a currency without suffering for it. balance. Looking at the figures, we see that on the oper- ations of 1882-3 there was an actual surplus of $646,917 ERIE'S POSITION AND STANDING. above all charges and the 6 per cent dividend on the pre- Erie securities, which for some time have evinced a ferred stock, while leaving out the dividend and also inter- drooping tendency, this week developed exceptional signs est on the incomes (neither of which is obligatory), as of weakness, and under large sales the price of the stock well as the $100,000 yearly sinking fund oa the reor- dropped to 17|, the lowest point reached since the reor. ganization 1st lien bonds (which also is optional in a ganization of the company, while the 2d consolidated certain contingency), there remains a balance above bonds fell to 81^, the lowest figure since 1880. No par- all charges of every description of $1,265,485. Hence it ticular cause was assigned for the weakness, but it was is clear that the company could suffer a reduction of net hinted that default would be made in the payment of the income in the sum of over $600,000 before the dividend June interest on the 2d consols, and it was also insinuated on the preferred stock would be endangered, and over \\ that the position of the company was by no means a strong millions before interest payments would be involved. one—that another receivership was far from impossible. This balance of income may be reduced in the In such a state of affairs it becomes exceedingly impor- current year either by' an increase of charges, or tant to know just what the road's real position as respects by a falling off in earnings, or by both. As to an charges and income is, and we propose to throw whatever increase in charges, it is generally supposed that a light we can upon the matter by bringing together all the large allowance for this purpose will have to be facts and data in our possession bearing on the question. made in the current year. This, however, appears to Two things are needful to determine the value of a be erroneous. Reference to the last report shows that the property—the results of the past and the prospect for the collateral trust bonds, just listed on our Exchange, counted future. As to the future, we profess no special knowl- for nearly full interest in 1882-3, and the total interest edge, though it is evident that a continuance of the present charge on the entire debt outstanding at the end of the depression in business must affect railroad property ad- year—$75,267,137—was $4,605,393, or only $58,997 more versely, as it does every other industry. As to the past, than was actually paid during 1882-3. In addition, there the results, with a little help, will speik for themselves. The is the interest on the equipment trusts to be considered. Brie was taken out of the hands of the receiver the 1st of The amount of these trusts still outstanding is not given June, 1878. Five full fiscal years have elapsed since then. in the report, but, as nearly as we can judge, it is not How the company has fared in this interval is indicated in much less than about $7,000,000. The payments to be the following table of its yearly operations from 1878-9 to made on these trusts are of two kinds—first for interest, 1882-3 inclusive. The summary will possess the more and secondly quarterly or semi-annual instalments in interest that no full analysis of the company's return for reduction of principal. The payments for interest are the last fiscil year has yet been made, the report having of course a direct charge against income, and are in- 496 THE CHRONICLE. fVoL. XXX VUI. -eluded above under the head of " rentah and other in- The results to the Erie thus far in the current fiscal year terest', &c." The amount so included was only $316,- are shown in the following table. 418. in 1881-2, but in 1882-3 increased $147,940, Oclober 1 to Jf. T. Pennsylvania <* Ohio. Januarij. F.l>,-uary\ to $404,353. We do not know what additional JanuanjX. J?^^^- !«.. r sum will be required in the present year, but will Groes eavninRS. ^'?l,751,Gr'5 $433 GIO $;iar,,T42 $2,574,993 Opuratiiig exi>eusc8 1,193,327 383,1891 333,111 1,9 9,018 assume that instead of $404,358, as in 1882-3, the NetearniuffS $5r.l,27S $.">0,4iT>j *53 631 $G<5,375 sum called for will be $500,000, which would be an Kental (32 per ft. of earnlug8) 501,473 l-8,707 1;;3.757 8-23,997 this to the augmenta- to increase of about $30,000. Adding Lo?s Erie. $195 1 ,$88,391! $70,1 CG $158,CJ2 tion of $58,997 in the interest on the funded debt, and As these results are already comprised in those of the we get a total increase in the charges in the present year, Erie net earnings given above, they are of value only as over 1882-3, of about $100,000. The yearly payments on showing that the lease is proving unprofitable to the account of the principal of the car trusts appear to be lessee, and possibly as affording an indication of ihs extent very heavy. In 1881-2 the amount was $934,049 ; in to which: the Erie may be affected in future moaths, for it 1882-3 it was $1,305,051, and was met by the sale will be noticed that as much as $158,022 of the entire of bonds. It is to be presumed that any payments decrease which the Erie net earnings exhibit for the five OA that account in the present year will be met in the months, is to be attributed to the loss in operating this same way, though we have no data as to the amount Pennsylvania & Ohio line. Still, it may be that subse- called for or the kind of bonds that could be disposed of. quent months will make a better showing for the Erie. It is not impossible, however, that the call might be met There is one clause in the lease, however, which may still by the re-payment of advances previously made to the further swell the loss, and for which allowance would have Chicago & Atlantic, which company was lately placed in to be made separately. We refer to the provision that if funds by the sale of second mortgage bonds. These advances gross earnings exceed $0,000,000 a year, onehalE of the aggregated $1,254,250 on the 30th of last September. excess (not 32 per cent, as on the amount below six mil- Having given the increase of $100,000 in the charge lion) must be paid over to the lessor. It is very probable for interest, the next question relates to the change from that this provision will come into operation this year, as 1882-83 in the company's earnings and income. Here the leased line's gross earnings have largely increased again we must let the results speak for themselves. under the lease. The lease went into effect May 1, and for Nearly seven months of the current fiscal year have the five months to the end of September, the total gross earn- already passed, but returns as yet cover only five of ings reached $3,240,099 (according to Pennsylvania & Ohio these. The net earnings of these five months are given report), while our figures above show that in the next five below in comparison with the corresponding figures in months to the end of February they reached $2,574,993, or the preceding fiscal year. The figures embrace in the together $5,815,092 for the ten months. If in March and current year the results on the leased line, the New York April (the remaining two months of the year) the Pennsylvania & Ohio, which of course not having been earnings should prove as heavy as in the corresponding operated in the previous year, is not included in that year. months of 1883, the total for the twelve months would amount to $0,841,925. As under the system of reporting Kct Enrnings. 1883-84. 1882-83. Inc. or Decr'sc. earnings, only 32 per cent is taken out by the Erie, 18 per $843,30? $643,329 luc .$20(1.039 703,078 757,208 Dec. .54.128 cent additional (the difference between the 50 per cent December 22C,342 441,739 Weo. 215,397 S,'i,773 304,577 Dec. 218,804 called for and the 32 per cent taken out) would have to be February 238,221 233,800 Inc . 4,421 allowed for on the entire excess of $841,925— or say Total five months $2.09(i.782 9'2,380,0.')1 I)(>c.if2S3,8(i9 $150,000. Thus there has been a falling off in net earnings in these As to the Chicago & Atlantic, this is not leased, five months of $283,809, which together with the $100,000 but the Erie and the Pennsylvania & Ohio have guaranteed increase in charges would give a total loss of somewhat interest on the 1st mortgage bonds of $0,500,000 to the less than $400,000. That represents all the loss that is as full amount of all gross earnings derived on business yet apparent. What further loss the succeeding seven to or from the road—that is, these two companies agree to months will disclose we cannot undertake to say, but it is devote all such earnings to the payment of the interest in apparent that the company could, on the basis of the oper- question, provided the Chicago & Atlantic's own earnings ations for 1882-3, lose $250,000 mere in this period and should prove insufficient. The line has been open only a yet retain a balance large enough to pay the dividend on short time, so it is hardly possible to make any reliable its preferred stock, and if that dividend should be passed, estimate as to the success attending its operations. Besides, it could lose a full half million more before any of the cou- very little information has been furnished on this point. pons on bonds would be affected. In other words, the loss In addition to the 0^ million 1st mortgage bonds, 2^ of $400,000 now apparent would have to be augmented by millions second mortgage bonds were lately issued, (being $850,000 before the balance remaining above all charges part of a total of 5 millions authorized). There appears in 1882-3 were completely exhausted—this on the basis of to be no such guarantee on these as on the Ists, but there is the operations of its own lines. no doubt that if the Chicago & Atlantic should be unable But there may be some doubt as to the company's posi- to meet the annual charge on the same, the Erie would be tion with reference to its guarantee or liability on behalf forced to step in and take care of it, to protect itself. But of leased or connecting roads, so it will be well to devote that contingency seems rather remote as things now stand. & few moments to that branch of the subject. Within the The total of both issues of bonds now outstanding is 9 past few years, the company has assumed obligations, of millions, which at per cent calls for $540,000 a year. one kind or another, in connection with the Cincinnati The line is 209 miles long, and in the application to the Hamilton & Dayton acquisition, the Chicago & Atlantic Stock Exchange to have the second mortgage bonds listed, line to Chicago, and the New York Pennsylvania & Ohio under date January 25, Mr. Jewett stated that the road lease. Taking the latter first, this is leased to the Erie at was then earning $135,000 a month, and he estimated 32 per cent of gross earnings up to $0,000,000 (the rental that in the present spring, with the road fully open, in no year, however, to be less than $1,757,055) and 50 double that amount would be realized. If we assume percent of any excess above $0,000,000, up to $7,200,000. that the total will reach only $150,000 a month, and that — — Armu 50, 1884 ] THE CnilONl(T[.E. 497 expenses will absorb 65 per cent o{ ihis, net for the year what can be learned, it does not bid fair to be succeisful. ' will aggregate $030,000, or nearly $100,000 more than The situation of the cotton-weaving industry and the dry the amount required for interest. goods trade of the country is well worthy of close study at Coming now to the Cincinnati Hamilton & Dayton, the the present time. Its peculiarity is a dull and a sluggish Erie acquired a controlling interest in this road by the market, at low prices for the finished product, in the face purchase of 2 millions of its stock, and in payment gave of a firm and high market for the raw material. In this the holders of the same beneficial certificates to amount of respect the situation is not unlike that in the shoe trade, $1,500,000, on which it agreed to make good any failure leather having advanced considerably, while boots and of the Cincinnati company to piy G per cent per annum shoos, though nominally somewhat higher than they were that if, these holders, and only these, were given a a year ago, are very weak at the small advance. guarantee of a G per cent regular dividend each year. If In looking to the future of either of ttesa trades how- the Cincinnati company paid six, that of course relieved ever, a very important fact must be borne in mind, ntfme- the Erie from paying anything, but if it paid less or paid ly, that there is a fair profit in making goods at present nothing, then the Erie was compelled to meet the differ- prices, where factories are well-situated and well-managed, ence itsplf. The extreme liability assumed under this at the old prices of cotton and leather ; and that a large arrangement, it will be seen, is $90,000 ear, and, as proportion of the shrewder maimfacturers have provided bearing on the burden actually borne, it is only necessary themselves with several months' supply of material, at to say that the holders of the beneficiary certificates have those old prices. Aside, therefore, from the ordinary as yet had no occasion to remind the Erie of its guarantee, difficulties in the way of securing agreement to a curtail- since the Hamilton & Dayton has been able to make 3 ment of production, the committee of the Arkwright Club per cent semi-annual dividends itself. will encounter the objections of certain manufacturers who The lilossburg Coal property remains to be alluded to. are making money by running full tim?, and who will not This comprises GG miles of railroad and 28,000 acres of be disposed to yield any of the advantage which they pos- coal land in the State of Pennsylvania, which the Erie sess over competitors who were not so far-sighted—or so bought two years ago for two million dollars. Mr. Jewett lucky—as they were. Moreover, while there are no trust- in his report says that in the calendar year 1SS2 ihe worthy statistics to prove the exact fact as to the surplus operations of the property resulted in a net profit of stock of domestic cottons on hand, there is reason to believe $350,000, or over 17 per cent on the capital invested, but that the surplus is not so large as reported. It seems to be that this sum was applied to the extinguishment of cer- very excessive because certain manufacturers are, without tain liabilities on the property and in. the acquisition of doubt, carrying unusually large stocks ; but it is known additional facilities and the making of improvements. It for a fact that other stocks are not large,—in some cases is of course possible that this may yield more or less direct they are unusually small. With regard to productive income in the present fiscal year, in which event it would capacity it is not believed that there is any great excess of act to that extent as an offset to the payment required of spindles in the country. Ttie population has increased the Erie on the Pennsylvania & Ohio lease on any excess eight or ten per cent at least since 1880, and the spindles,, of earnings above $G,000,000, beyond the 32 per cent which were none too many then, have not increased in a actually taken out in the monthly exhibits, to which we very much greater proportion. Of course it is to be said that those were "good times," while these are have referred. "bad times ;" but the answer is that cotton fabrics are so far a- Altogether, it may be said that whatever unfavorable necessity, whether men are prosperous in business or not, developments may attach to the Erie property, appear to that the rate of consumption seldom varies three per cent relate altogether to the future, and though the road by between the best and the dullest seasons. These are for reason of its heavy tonnage of coal seems likely to suffer reasons believing that there will be no general stoppage of mills, even for one day in the week' in a double way from the existing depression in business, of six days, but these general considerations are not all it must not bs forgotten that having lines of its own all the circumstances that will determine the action of agents the way to Chicago and Cincinnati, and many important and treasurers. Without attempting to predict what the intermediate points, and possessing numerous local feed- course of manufacturers will be, we will point out some things that must taken into ers, its position for commanding traffic is a very strong be the account. There is little expectation anywhere that the price of cotton will yield one. This fact might make it an object for one of the much, if at all, before the new crop becomes available powerful Western or Southwestern combinations to secure certainly not until a large crop is reasonably sure. Inas- its control, which, now that the stock has full voting power, much as there is no profit whatever in making goods at is possible. Such an achievement would be easy, too, in a present wages and prices, 'it is for the interest of manu- facturers to do what they can to period of depressed values (at 18 for the common, mil- bring about an advance 7,J^ in goods, or a reduction of wages, or both. For either lion dollars would suffice to buy control of the 85 millions of these objects, shutting dowft a part of the mills for one stock outstanding). Indeed, it is not unlikely that should short-time day in the week would be altogether ineffectual. sach a scheme be on foot, the movers in it would seek to A suspension of operations for one-fourth, or one-third of accomplish their purpose under the very cover of a weak- the time, if it could be effected, might be successful. Cer- tain questions of prudence also enter into ness in price which they would do air in their power to the case. That goods cannot be lower while the present rates for cotton foster. In any event, that is a contingency that should hold, every manufacturer believes ; he hopes that they not be lost sight of, and we mention it not as indicating may follow the raw materials market. IJut if he is pro- any knowledge on our part of such endeavors, but merely vided with cottcn for only one-half or two-thirds of the as suggesting one of the possibilities that might grow out time until the new crop is available, he is not justified, £o he thinks, in running full time with of the present low quotations for Erie. the certainty that if the price of cloth does not advance, he must either stop his mill altogether or run it at a loss. It is better for him to SHORT TIME JN TUE COTTOJV MILLS. make his supply of cotton last as long as he can. Not only An effort is making to secure an agreement of agents is this the prudent course, but it will have a tendency both representing three-fourths of the cotton-spindles of New to diminish whatever surplus of goods there may be, and to slacken the demand for cotton, thus bringing the two England, to curtail production by stopping their mills one prices intoraore nearly normal relations to each other. More- • day in the week during two months. No report has yet over, the feasibility of short time may dispose the mill-hands been made of the result of this effort, but, judging from to prefer a small reduction of wages to partial stoppage. — ... 498 THE CHRONICLE. [Vol. ixrvin. It appears probable, then, that while a three-fourths The present situation suggests, among other things, agreement to an inadequate shortening of time will not that somewhere between the seller of cotton and the be obtained, there must be a considerable curtailment of consumer of dry goods there is a weak spot in the trade. production by the independent action of manufacturers, We are dealing with an article the consumption of which for different reasons and with different objects in view. is very nearly uniform in amount per head of the popula- This is, of course, on the supposition that the goods market tion, year in and year out. There has been an advance is not soon to respond really, as well as nominally, to the in the raw material, owing to a short supply. Every man advance in cotton. At present, as has been said, the in the trade would reason that there will be an advance stocks are mainly in the hands of the manufacturers and in the finished product, because the goods must be had, commission merchants, who display no anxiety to sell and manufacturers will not make them at a loss. Yet, freely at present prices. Some of them, at any rate, are intt'ead of more than an average demand by jobbers, in view not at all sorry that the custom of the trade by which an of the chance of an advance, there is a slackening demand. order may be countermanded on a declining market, but Time will show whether the lack of courage which this enforced when prices are advancing, has left the stocks course of the trade betokens was justified.' It will show, where they are. A further decline is looked upon as too, whether the manufacturers, who say they believe in moat improbable, an advance in the near future as an advance in the cloth market, but who act as if it were almost certain. Controlling, as they do practically, to remain sluggish, are prudent or only timid. In any the whole supply of goods, they are certain to make a event, the entire trade is in a more perturbed state than good profit if the market turns as Ihey say they bflieve many of the manufacturers and merchants are willing to it must, atd the more conservatively they act at this time admit, and more so than a calm consideration of the the better is the chance that the market will advance. situation and prospects seema to warrant. RETURNS OF THE BANKS OF THE DOMINION OF CANADA FOR MARCH 31, 1884. LIABILITIES. ASSETS Govern- Loans, Othtr Due Loaus to Securi- CapWl Notes Dui Total Do- Over- An Rti'rve ment OfUr &c.,due clucks from Gov'm't. ties & ratal in Clr- For'gn Llablli- Specie. minion due other Paid Fund. Can' da and For'eti Individ- Real Assets. Depos- Deposits. DebU. Assets. Up. culat'n Agenc's tiet. NoUs. Os omitted. its. Banks. NoUs. Aoenc's ais, Ac. Estate. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. ( 1 OntarU). ( t t % t t t t t f i * t t t t 227 261 424 330 88 7.598 208 193 5 9,167 Bank of T.-routo. . 2.000 1,060 1,125 27 4,394 1 8,834 Can. Bk. of Com'rce 6.000 1,900 2.737 219 11.505 117 482 22,960 823 1.008 741 2,192 17.179 418 1,113 21 23.490 Dominion Bank 1.500 860 1.854 188 4.697 103 8,992 187 383 414 704 6.933 22 601 4 9.208 1 7.609 Ontario Bank 1,600 335 1.436 163 .3,709 202 80 7,405 243 444 6S0 195 5.760 34 312 Standard Bank 803 140 595 139 2,026 3.702 99 133 153 25 3.259 25 56 10 3,788 Federal Bank 2.953 1,600 1.380 286 5.781 470 190 12.540 446 695 542 204 10.601 69 188 12,746 Imperial Bk. of Can 1,500 650 1.001 295 3.086 6 6.5S8 2«3 310 . 377 193 5.117 158 226 15 6,888 110 20 Bank of Hamilton . 984 200 784 24 1,700 10 187 3.839 119 126 69 3343 60 122 3,960 Bank of Ottawa 997 110 580 18 1,304 2 38 3.049 82 131 136 189 2.618 49 38 3,143 Western Bk.of Can. 222 5 110 209 1 7 554 15 20 50 13 451 1 7 557 Bk.of Lond'n In Can 133 50 86 94 1 364 2 15 36 17 298 1 369 90 80,718 Total Ontario . . 18.502 6,800 11.188 1.359 38,804 1.036 1,010 8 78.777 2,640 3.653 3,625 3,869 63.057 1,129 2,850 Quebec. _ Bank of Montreal.. 12.000 5,750 5.396 3,927 17,189 669 19 44.850 2,003 4,205 1,189 8,074 28.680 309 629 979 45,846 Bk.of Brit. No. Am. 4,867 890 829 5.263 19 19 11.894 315 560 198 3.286 7,006 60 243 11.668 Banqnedu Peuplc. 1.600 Nil. 251 104 1.965 5 8 3.633 23 132 242 11 2.996 207 07 35 3.743 Ban.Jacque*<;artitr 500 140 211 271 628 SO 2 2 1.804 16 30 94 14 832 234 410 lai 1,820 Banque Vii:e Marie. 464 20 317 65 380 6 1.252 15 16 62 I 705 43 121 316 1.26S Banque d^H'chelaKa 70S 50 338 46 3S6 25 6 1.564 28 38 63 22 1,219 110 88 18 1.576 •Bxch'ge Bk.of ran Molson's Bank 2.000 500 1.604 86 4.764 91 231 61 9.337 362 314 357 B3 8.026 107 264 5 9.528 Mercbants* Bank .... 5,722 1,150 3.393 227 7.819 246 348 8 18,918 461 781 612 1,166 15.442 395 635 S4 19.588 Banque Natlonale.. 2,000 679 31 1,608 61 114 6 4,489 110 235 138 51 3,605 191 385 29 4.644 Quebec Bank 2,500 325 640 66 3,849 2 13 7.395 91 230 255 74 6.103 610 319 14 7.696 Union Bank 2.000 30 584 450 1.944 29 .. 5,037 68 123 496 69 3,810 219 440 56 5.070 Banque de St. Jeans 226 10 171 31 196 634 7 9 .46 31 476 63 19 5 856 Ban.de St.Hy'clnthe 262 35 174 I 586 1.008 16 32 29 12 856 69 18 1,039 East. Towc ships Bk 1.449 350 754 217 2.115 23 3 4,911 110 90 203 163 4.046 189 189 21 5,010 Total Quebec .. 36,283 9,a60 15,346 5,529 48.342 I.'.IO 746 100 116,716 3,"-24 6.805 3,964 13.055 83.481 2,806 3,757 1,652 119,144 Nova Scotia. Bank of Nova Scotia 1,115 170 093 156 3.267 19 259 1 6,880 331 346 H3 66 4.796 159 352 62 6,300 Merch'a Bk..Halifax 1.000 200 767 110 1.841 46 3,965 153 305 239 183 3.067 42 70 6 4,069 Peoples Bk..Hallfax 60O 70 183 16 516 3 1,389 20 92 41 74 1.087 29 36 41 1,480 Union Bk.. Halifax. 500 80 120 18 568 5 19 si 1.342 18 26 229 54 877 29 125 8 1,386 Halifax Bank'g Co.. 500 50 370 40 782 2 60 1.803 30 56 67 36 1.546 82 2 1 1,820 Bank of Yarmouth . 20 85 38 295 I 827 28 27 58 40 628 28 31 843 388 "2 3 Kxch.Bk.of T'rmth 245 SO 50 77 11 415 16 14 7 8 341 .20 28 4SS PIctou Bank 250 70 161 3 590 118 62 .... 1,254 39 35 44 80 1,048 13 11 1,270 Com'clal Bk.Wlnds'r 260 78 71 31 179 16 640 19 14 6 2 669 50 2 66a Total Nova e cotia 4.858 1,068 2.S00 412 8.115 220 355 87 17,015 654 015 884 513 13,969 427 647 161 18,180 New Brunswick. B'kof N. Brunswick 1,000 400 429 117 1.461 52 3,469 80 315 95 119 2,735 148 41 16 3,848 Maritime Bk. of Can 686 Ml 290 117 384 22 59 1,558 13 77 25 13 955 18 47 59 1,»»7 t People's Bunk ... . St Stephen's Bank. 2O0 50 . 165 26 132 .... 28 49 62 384 63 14 688 Total N.Brunsw'k 1,838 450 884 260 1.977 62 22 50 5,590 119 392 189 184 4.071 1 229 102 75 5,344 Grand total 61.821)' 17.568 30.199 7-560 97.23.') 2.418' 2.133 2.14 6.U37 11,765 8.542 17.651 164.571! 459, 7.356 1.96sl223.381 In liquidation. i At present not oblieed to lunku I'etiirnH. 4—Goverument Oeposit.'t— Inoliides, .$3,4.^.^,022 Domintnn Oovmnnicnt ilerosi'f, imyaWe on demand; $290,000 Dominiou Government d»- po.>.its, payable afteriiotliie or ou a fixed day; $'>20,S13 deposltc, lield as security for execution of Dominion Goverameiit contracta and for insur.ince ooinpaiites; $6'2'',2.',8 Provincial Government deposits, p;iyii1jlc on demand; $2,666,097 Provincial Government depoeits, pityable .ifter notice or o'l a fixed d.iy. 5—Other Deposits— lucludca $t',13:J,272 other deposits, payable on demand; $51,104,421 otlior deposits, payable attcr notice or on a fixed day. 6—Loans. &c.— Inc'udes $1,149,041 loans from or dcpo-sits made by other banks in Canad.a, unsecured; SI. 269. 461 due to other banks in Canada. 7—Due Foreij;n Agencies -Includes $13'2,49 1 due to ageucies of bank, or to other banks or agencies in foreign countries; $1,981,132 due to asfcnsies of biUik. or toother banks or agoncios in United Klii','aom. 12—Other Checks and Note.'*— Iuolnd«s $i,-'ll,'i"-' niitus of and checks on other banks; $2,731,439 balauce due from oilier banks in Canada. 13— Due from Poreian Agencies—Includes $14,920. lo.j balance due from agencies ot the bank or from other banks or agencies in foreign countries; $2,730,644 b.ilance duo from agencies of the bank or fr.>m other banks or agencies in the United Kingdom. 14—Loans to Individuals. Includes 1.604.931 Government. &o.— $ loans to the Government of the Dominion ; $1.773. 'SO loans to Provincial Got- eniments; $12,119, i34 lo.ans. &o.. secured by municlpil. Canadian or foreign bonds; $1.49.1,786 loans. &e., on current account to municipalities; $13,614,830 loans. &!., on current accounts to otlier corpoi-a*,ions; $212,911 loans to or deposits made in other banks, secured; .$108,136 loans to or deposits made in other banks, unsecured; $131,312,830 other current loans, disoouuts and advances to the public. 15—OverduH Debts—Includes $:,00?,607 note?, io, overdue and Hot specially secured; $198,761 other overdue debts not Bpeoially secured ; .$2,398,680 overdue debts, secured. • 16—Seoiiritles and Real Estate— Includes $907,049 Dominion Goveminint debentures or stock: $1,368,926 public securities other than Can- adian; $1,163,6 12 real estate (other than the bank premisesi; $80.5.195 mortgages on real estate sold bythe bank; $3,106,12-1 bank premises. .. : : April 26, 1884.] THE CHKONICLK 499 Opm markH raltt. InUrtHMowtA Pftotteta»:Bg®om»iicrctal gu0Uslt Ucws /artttratUtkn Am*0Mii. Tna»BUti. Otoe'tlTM* LONDON AND ON LONDON titntUm JoUU RATES OF EXCHANGE AT Thnt n>vr Sta Thru ftour Six atoek 7(oU AT LATEST DATES. Mbntlu Uontlu M<>nt)u MonUu Banlit. OaU. AiHi. aiar. 7 8M» - m» - 8)«>SN 8M«4 SNiMM EXOHAlfOM A T LONDON- Apr. 10. ifOHANaa ON Lnftnny. " U 9M» - KMOa 8 «SM|8 «8M|8M«4 » t LalMt " at iMa - aM«8 i)N<>8M|8 »4 » * Oh- Tinu. Rat*. DaU. Timt. RaU. " 88 SM» The following are the quotations for money and the interest commencement of the year, has not so materially ' changed allowed by the discount houses to-day and same day of the as to affect the trade, and business, therefore, proceeds very previous five weeks slowly at drooping prices. The supplies existing are so very : :: . : » 500 THE CHRONICLE. [7oL. xxxvin. considerable, and the season is so far advanced, tliat buyers are BALES. still unwilling to augment their stoclis, which are still main- _ 1883-84. 1882-83. 18^1-82. ISSO-Slf Wheat qrs. 1,955.5 ">4 1,«12,I87 1,399,403 1,187.371 a full working point. flour, large tained at Of we have very Barley 2,950,377 1,835,815 1,555..^90 1,625,581 supplies, the quantity of foreign manufacture in London being Oats 411,033 2,161,147 191,956 146,869 AVERAGE PRICES. as much as 333,802 bags;and_l,797 barrels, against 339,713 sacks, 1883-84. 1852-83. 1881-82. 1880-81. and 8,523 barrels on January 1 last, and 11,222 barrels and 8. d. 8. d. 8. d. 8. d. Wheat perqr. 39 4 41 4 46 5 330,314 bags at this period last year. The stock of foreign 42 7 Bailey 32 6 33 10 32 11 33 1 wheat in the London gi-anaries, which was 993.424 quarters at Oats 19 9 21 1 20 11 24 5 tlie commencement of the present year, is now 041,393 quaiters, Converting quarters of wheat into hundred-weights, the showing a considerable diminution; but at this date in 1883 it total sales in the whole kingdom are estimated as follows was only 187,306 quarters. The present stock is much above 1883-84. 1882-83. 1831-82. 1880-81. Wheat cwt.28,246,390 27,941,600 21.256,503 20,581,100 the average, and as the milling trade can calculate upon large ly This aRKregate is arrived at by multiplj'ing the sales in the 187 prospective supplies, only bad weather for the growing crops marKcts above by 3'.i. and that result is reduced to cvfi. by multiplying it by 41.'!. This proportion between the 187 markets aud the totals for the is can effect a change. There no feature at present encour- kingdom is adopted by the Loudon grain trade and Is accepted by It &• producing a result approximately correct. aging to producers, except it 'be that there is some degree of certainty with regard to tliis season's production in the world. The following return shows the extent of the imports of Most European countries at present have i-eason to expect that wheat and flour into the United Kingdom during the first their wheat crop will be quite an average one, while from India seven months of the season, viz., from September to March and Egypt we sliall soon be receiving supplies which it wiU bo inclusive, compared with previous seasons: found to be difficult to absorb. Russian ports, also, will soon Wheat. 1883-4. 1882-3. 1880-1. be re-opened to navigation, 1S81-2. and there are large supplies avail- From— Ctrl. Cwt. Cwt. Cwt. Russia 5,776,362 4.271,152 4 38«,fi74 able for exportation ; but it is quite possible that the export 932,179 UuitcdStatcs 12,780,490 21,)!97,119 18,1\;2,180 21,650,745 movement will be kept in check by the low prices current. Brit. N. America... 608,716 1,597,>525 1,719,794 2,0J3,876 Germany 649, 2"5 1,970,816 2^7,151 During the first seven montlis of the imjiorts of L924.913 season the France 4,664 11,467 4.786 2,922 wheat into the United Kingdom were about 30,000,000 cwt., Chill 644,021 885,010 676,176 627,252 Turkey &Rouniania 434,757 880,359 170.985 284,356 against 30,400,000 ewt. in the corresponding period of last Eiiypt 698,051 307,156 248.993 054.265 British India 6,881,712 3,617,545 7,012, on April 1 , compared with the same date ' last year and with Wheat £14.345,232 £18.3S?,056 £20.02.1,251 £16.832,943 Barley 3,693,449 4,031,740 3,5:i5,i88 3,401,171 the first of January last Oats 2,2,50,579 2,799.041 1,918,607 1,781,451 Peas 385.596 524,421 414,734 581,399 Apriil, 1S84. Jan. 1, 1884. April 1, 1883. Beans 512,372 607,949 363,759 Wheat (qre.) 641,393 993,424 lf7,306 501,772 K.arlcy 47.201 105,413 2S.399 Indiancorn.. 4.58-1.516 3,961,240 3,973,033 5,310,390 Flour 6,402,566 Malt .=i,829 4.316 8,336 8,073,603 5,089.103 6,261,873 bati 302,665 412,039 411,184 Total.... £32,183,310 Kye 40 58 £33.383,030 £3>.323.010 £34,761,004 Beans 13,167 20,685 6,315 Peas 8,731 7,919 7,50!) Engllsli market Reports—Per Cable. India corn 65,277 55,80.1 2?,!(54 Tfircs 1,255 1.711 2,105 The daily closing quotation for securities, &c., at London, Linseed 1 4,946 30,719 37.802 and for breadstuffs and provisions at Liverpool, are reported Eapeseed 9,S47 24,546 1«,1I5 Seeds 14,505 14,685 11.905 by cable as follows for the week ending April 25: Flour (bbls.) 1,7!I7 :i,5i3 11,222 Do sacks 332,802 339,713 330,314 f London. aat. Hon. Tuet. Wed. Tlmr8. Fri. The following return shows the extent of the imports of Silver, per OK :...d. 501316 SOlfjg' 50I3,j 5013 cereal produce into the 51 51 United Kingdom during the first 32 Consols for money 102 >2 102 10214 10238 10233 10218 14 I weeks of the season, &c. Honsols for account 102% 102 -la 102 38 10238 102 1« 102 14 Fr'ch rentes (in Paris) fr. 77-05 76-9213 7705 76-30 76-67 la 77-2-.;i3 IMPOKTS. 5. U. 8. 4'a8 of 1891 115-'8 11358 11 -.8 11553 11518 II5I3 198.3-8t. 188-2-83. 1881-82. 1880-81 0.8. 4s of 1907 126% 126 126 126 125-'3 1251.2 Wheat cwt. 32.661,596 39.857,364 37,423,718 34.85S,9(i5 Canadian Pacific SO'a 60-34 49 47 •'"'8 4738 Barley 10.852,9."8 11,307,430 8,909,433 8,521,014 Chlo. Mil. & St. PaiU 87^8 8718 867s 8714 8638 85=8 Oats 7,274,6.53 9,018,924 5,453,248 5,(i35.506 Erie, common stock 20 Its 1913 1858 19'« 18=8 18'8 Peas l,066,-,64 1.34:^,176 1,053.525 1,445,472 Illinois Central 131% 131 13058 131 14 I31I4 1311s Beans 1.578.168 1.591, 273 1,022,697 l,45ii,036 Pennsylvania 61% 61% 6138 6138 6II3 61% Indiancorn 16.150,719 11,068,446 12,934,840 19,088.077 Philadelphia &, Reading. 253i 24 14 24 ig 2 tig 2.il4 2258 Flour Vpw York Central 11558 11512 9,254,883 10,904,703 5,341,210 8,133,392 i 1164) llS'e 116 115'8 BCrrUES AVAILABLE FOK HOME CONSUMPTION—THIRTY-TWO WEEKS. Liverpool. Sat. Mon. Tne8. Wed. Thur8. FH. 1833-84. 183283. 1831-82. 1880-81. Imports of wheat. cwt.32,6Kl,596 39.857.361 37,423,718 34,Sr.8,965 d. $. d. d. d. 8. d. Imports of flour 9.254,883 10,904,705 5,351,210 8,133,392 Flour (ex. State)..100 lb. 3 11 3 3 I 3 " Sales of home-grown Wheat, No. 1, wh. 7 8 7 7 ? 8 7 pioduce 28,246,890 27,944,600 24,256,500 20,58"., 100 8|iring, No. 2... " 6 7 6 7 7 7 6 Winter, South, B " 9 8 8 9 8 8 6 9 8 Winter, West., n " 7 9 9 7 9 9 9 9 Total ...... 70.136,369 78,706,660 67,031,428 63,573,457 Cal., No. 1 " 2 2 8 2 2 3 3 Av'ee price of English Cal., No. 2 " 6 6 7 6 6 7 7 wheatvin foe season.qrs 39s. 4d. 4l8. 4d. 463. 5d. 42s. 7d. Corn, mix., old. .. " 213 3 5 3 3i« 31.2 5 2I3 Visible supply of wheat Oom, mix., new.. •* 1 1 5 1 11* lis 5 1 In the U. S bush. 28,600,000 24,000,000 16,119,000 22,900,000 Pork, West. mess. . bbl. 63 63 68 63 O 68 Supply of wheat and ^ Bacon, long clear, new. 42 6 42 6 6 42 6 . 42 6 flour afloat to U. K. Beef, pr. mess, new.^to. 87 37 37 87 quurtera 2,124,000 2,479,000 2,781,000 Lard, prime West. ¥ cwt. 43 9 43 43 i Cheese. choice 08 6 I Am. 6 I 66 63 Exports of wheat and flour in seven months (September to March, inclusive) 18S3-t. 1882-3. 1881-2. ®0mnxetclaIa»xa3|(HsccUatteau3^eurs Wheat cwt. 450.«71 334,886 392,684 Flour 61,813 101,289 45,954 National Banks.—The following national banks have lately In the annexed statement is shown the extent of the sales of been organized: home-grown wheat, barley and oats in the 187 principal mar- No. 3,156—The First National Bank of Metropolis, III. Oapit.al. JSO.OOO- Robert W. Mc(;'artney. President. .T.iinos .M. Clioar, Ciishior. kets of England and Wales during the firet 32 weeks of the No. 3,157—The First National Bank nf Wapakoneta, O. Capital, ;}i50,O0O. season, together with the average prices realized, compared L. N. Biume. President. Ch.arles V. llerbst, Casbier. No. 3,153-TlieLyndonvillcNationalBank, Vt. Capital, $30,000. Bewail with 150 markets in the three previous seasons : Bradley, President. H. M. Pearl, Cashier. .. 1 Arnii THE CHRONKLEt 501 I'lftiiUirii' Nntloiinl n«iili of Blirniiiin, 1 No. 3,189—lliu .MiTclmiitfc' A Tex in the diHtrihiition of nntlintcitc conl. The mcmt aiitOTiiHhing Cipltiil. i(ii(rii,iio<>. ( Iirl8tiiiilii>r C. lliiiklcy, rriolilciit. Tiim fact to thosi! will) Iioen r ...1 .1..'. .•.,,l,„r. have told over and over again No. 3,U;ii Viilliu il Hank of DoinliiL', Terrify of Ni-w Moxiro. 1 wliat wonderftil !itrid( i4,,|r,..,, ,. I .'li. 11. l!Ht>0— rclaiiiH tlio«uinc uuinlier, '.'.193. increased their output. We have therefore tlii,i.„..i .. inter- esting to trace their iMPOiiTS AND K.VPOUTS FOR TilK Wkek.—The imports of la-st growth iluring the pa.st four years, o<1s ">id ivii increase in ge'ieral mercliiindise. Tlio total iiui>ort.s were .^8.48"), 041, agaiiiHt |7, 807,13,') tlio pre- 18S0. 1S81. ISB2. 1883. Phlla. fi RendlnK RR.. 5,933,923 0.91(1.283 7,000, 113 ).,„„„.„„ ceding woek and f9.;iiU.713 two wet?lis previous. Tlio exports l-.'-'^.l"'' {k!ntr-al KK of N..I... 3.170,141 4.03.'..12« 4,211,052 j for the week ende For aie week... «6,532.692 $6,006,121 $0,186,773 $5,157,159 —We are in receipt of the thirty-seventh half-yearly report Prav. reported.. Il3.667,375j 91,184,370 106,100,917 85,321,193 of the Hong Kong «6 « Qreat Britain $3,909,63 4 $21,700,357 —The Guarantee Company of North America publishes its 1.011.628 2,172,228 1,199,012 1,397,592 Germany 300.000 679,320 96,500 265,391 eleventh annual report, showing that 9,788 bonds were issued 103,375 1,862,633 8,253 104,8^7 in 1883 on entirely new business, covering altogether an amount of $13,939,005, and paying a yearly premium of $99,967. The South America 5,506 293'.937 8', 112 78.446 total business in force is $17,633,035. The total receipts last All other oouucriea. . 400,354 650 year were $191,367; disbursements, including 6 per cent on. Tetal 1384 $5,420,137 $27,103,384 $1,308,907 $1,816,916 stock, $107,301. Total 1883 31.000 121,250 9325 4,711,350 Total 188J 5,500 10,676,998 7,858 152, 456 —Attention is called to the quotations of Mr. Samuel M.. Smith in the Investors' Supplement of thLs date. Mr. Smith Silver. • deals in insurance scrip, city railwaj'S and gas 8t(X?ks and Oreat Biitain $99,510 $4,040,291 9 $1,068 19,700 307,730 bonds, and ha-s liad many years experience in Wall Street in German...... 31,129 37,052 these local six-cialties. Parties seeking investments will do well We«t Iniiles 2; 195 21.411 8.752 192,141 to note the figures as presented for their examination. 161,478 44,012 1,120,693 South America 41.595 ?,043 57.674 —The circumstance is noted with satisfaction that the All other ouuntrlee . . 78.912 1,500 18,521 Commercial Union ln_surance Company of London has just compl(rted its new ami handsome building on the northeast Total 1884 $121,n5 $4,688,532 $56,312 $1,427,149 Total 1883 15 -.,070 5.188,614 49,706 1,740.703 corner of William and Pine streets, where its branch in this Totol 1882 163,600 3,679,357 21,179 693,249 city, of whicli Mr. Alfred Pell is resident manager, will in future be located. ^ Of the above imports for the week in 1884, $5,743 were —The Ontario Silver Mining Company announces its ninetv- silver coin. Of the American gold coin and $8,008 American fourth dividend, of $75,000 for the month of March, payable the same time $.305,000 were American gold exports during in San Francisco or by Messre. Louusbery & Uaggin, 15 $18,140 American silver coin. com, and Broad Street, N.Y,, on the 30th instant. Anthracite Coal.—Mr. John H. Jones has published his books, the ofiBce statement showing the general distribution of the production —The Canadian Pacific Railway transfer at TchI <& Co.. agents in "V'ork, will be of antliracite coal in the past two years, and the Engineering of Messrs. J. Kennedy New prior to the annual meeting to be held and Mining Journal calculates the percentages: closed at 3 P.M.. May 6, in Montreal 14. 1883. 1682. May Auction Sales.—The following, seldom or never sold at the Tons. Per cent. Tons. Percent. To Penn.. N. Y. and N J. 21,330,504 08-7 19,957.739 t;8-5 Stock Exchange, were sold at auction this week by Messrs. To New KiiRland States 5,337,700 16-9 fi.OOl.' 17-4 Adrian H. Muller <& Son: To Western States 2,537,174 2,213,107 7-6 Sharrs. Sluirei. To Southern States. IneUidlBK 13 Mereh'ts- Kxeh, Nat. Bk..;00 10 EatrleTna. Co 251% Delaware, Maryland and 7 Hank of (_*oiiiiiieree 156°^ 100 Litixeua' Fire Inn. Co 145% the District of I'ohiinbia... 1,234,093 40 1,16^,730 40 21 Kiiickerb-kerFlrcIns.Co. 83 To Pacltl(! eoa-st 24 635 01 49.(66 <,I 50 Wall Street Hank 98'9 $1,000 Cits. Fii-e In. Co.. scrip 80 To Domloion of Cuuuda 690,498 22 61ii,s75 2 '2 35 N. Y. Mat. (las Llicht Co. 134 $J.OOO City of B'lyn 6ii, Water To foreign ports 33,423 O-l 49,735 0-2 210 Peoide's (iasLlKht Co. of Loan, due 1^09. ..I2.HM .tint. Bioiiklyii a.ij $4,000 city of N. Y. 6s. Ceufl Totol 31,793,027 100-0 29,120,076 100-0 100Rio(iklvii(IiH-LlKhtCo...l40>s Park Impro't.duc 1337.108=8 Oa»-Lli;ht Co.. $2,500 Town of Morils'u (NY. Tlie Journal .says: "A glance at the percentages that we have 20 New York ex-div 154\ Cltyl 7s, 1913-1^.1331-!* int. calculated from Mr. Jones's figures will be sutlicient to illus- 65 Metropolitan Gas-Lt. Co. $11,000 B'way and 7th .Vve. trate how comparatively insigniUcant have been the chabigeii of Brooklyn 94% RR. 5b, due 1901.l05>a&lnt. . . 502 THE CHRONICLE. [Vou xxzvm. gained during the week 8,75.3,000 francs in gold and 1,920 OOO francs m silver. ' Exchange.—The market for sterling DIVIDENDS. • has been firmer dur- ing the last week, and some of the leading drawers The following dividends have recently been announced : who had kept then- posted rates down to 4 88 and 4 90, while others Per were quoting 4 and Wame of Oompanu. When Books Otosed. 883^ 4 90^^, advanced to the higher figures Cent. Payable^ (Days inclusive.) on Thursday. The rates for actual business on FridayT the 87i^@4 Railroads. ! oo,'^^TIn'^/°^°,,Y^' ^i^-^.®'?*y •^^y^' ^ 87^^; demand cables, 90i^. Boston & Maine $1 1i.».Y 15 April 25 to 4 89>^@4 893^; 4 90@4 Commercial bills have Boston Providence & May 1 April 20 to contmued very scarce and sold at 4 86@4 865^. Concord May 1 April H to Quotations tor foreign exchange are as follows, N. Y. Prov. & Bos. (Ston.) quar. .. May 10 May 1 to May 12 the prices Banks. being the posted rates of leading bankers: American Excliange National ... 313 May 1 April 26 to May 4 Bank of the State of New York. . 4 May 10 April 30 to Mav 12 April 25. Fulton National May 1 April 20 to Miiy 1 ^ixty Days Demand. National City 10 May 1 April 26 to April 30 Prime Pacific bankers' sterling bills on London.. 4 4 May 1 April 23 to April 30 Prime commercial 88'a 90>a inisceUaneoas. 4 87 Palace Documentary commercial 486I4 Pullman's Car (quar.) May 15 May 2 to May 15 Paris (francs) sie^s 5 1438 Amsterdam (guilders) 40% 41 NEW YOKK, FKIDAY, APRIL 85. 1884-3 P. Id. Frankfort or Bremen (retohmarks) 95 >4 96 The Money Market and Financial Sitnation.—One of the United States Bonds.—Government bonds features of the general commercial and industrial situation have again been a trifle weak, and both the 4"s and the 4i^'s are which begins to attract more attention, is the disposition V lower than to re- last Friday. strict production and reduce the wages of labor. Instances of The closing prices at the N. Y. Board have been tliis within the last ten days have been made public in the re- as foUows: duction of work in the coal mines by nine days each month, Interest Apt. Apl. Apl. Apl. Apl. Apl. the shutting down of cotton mills in Georgia and Alabama, Periods. 19. 21. 22. 23 24 25. the reduction in wages and time by the Nail Makers' Associa- 4198,1891 reg. *ll3ia*113's 113»4 UriiB tion at Pittsburg, 113ifi 11338 and the proposed reduction of time by one 4> Arxn. 26. 1884.J THE CHRONICLE. 503 NEW YUKK STOCK BS.CH\NUB PftlOBS FOR WEBK BNMHO APAIL 9\ AND SINCB J4N. 1. Igg4. HIOHE8T AMD LOWBMT PBI0B8. Bkleaof Ranira 8lno« Jul. 1, 1884. /£SSL BTOOK(>. UieWeek SfttturdaTi Monday, I'aeadar, Wedneadar,' Tbanidar, Frldar. (Bharaa). Aprlllfl. ^Vprllifl. AprilAnrllUl.122. AprilAn^iou'23. ApHl 24. April ii. Lowest. Highest. Low. Hl«k All' 183 133 80 182 Jan. 7 l:ir. Jan. .W 137 188 At. 78 78 78% 78% 60 77% Apr. 17 Hi>%Jan. 7 78% 84% Ill', prof. 88 88 82% 83% 60 80%Mar.'.J7 83% Mar. 18 78 84< Milt UliilUlil A No. •62 60 Apr. 10 HO Jan. 10 76 8« 40', Can i 48 81 4e •Tbeeearetheprioesbidaod aaked: no sale was made at tiM Board. t Bx-prtvUege. i Lower price Is exMllvidend. — . jIj — 1 ! , - . . I 504 THE CHRONICLK [Vol. XXXVIII. QUOTATIONS OF STATE AND RAILROAD BONDS APRIL 25, 1884. SIAIE BONUS. BECTJKITIES. SECURITIES. Bill. Ask.' SECURITIES. SECUKITIES. — A, 1906 82 8H 1 I. ^nlalana "n- '*.on8.,1914 N. Caroliua^-Contlnucd— Tennessee—Continued— Alabamar— Class 6" Class B, 5s, li)06 102 lor. Rx-niamred coupon New l)oud8, .r..t.l., •9'.J-8 19 6s, new series, 1914 42 44 ' 83i« Class C, 48, 1906 821 Missouri— 63, 1886 106 Special tax. all olassci. 2 6 C'inp'mlso,3-4-.')-68,1912 4S'3' 49=a 66,10-208.1900 101 68, (Ine 1830 or 1890.... 111 Do Wil.U.&Ru.R. 3H Virginia— 6s. old 40 Arkansas 68. fuiirtc'l... in- 17 Asyl'iu or Univ.. duo '92 114 Do Wn.&TarB. 6s, new, 1866 40 — 83^4 78, L. RockA Ft. s. iss 16 Funding. 1894-95 118 Consol. 4s. 1910 85 6s, consol. bonds 60 7p, Meml>. ' 1 ---I 42 11: 78, gold, 1890 iia Funding act. 1886-1868 12 6s. new, 1892-8-19U0 Funding 5s, 1899 nAIIiROAD BONDS. SECURITIES. Bid. Ask. SECURITIES. Bid. lAsk. SECURITIES. Bid. Ask SECURITIES. Bid. Aak. Del. L. & W.—Conttn'd— Marietta A Cin.— Ist, 7s.. i Penn. RK.—Continued— Railroad Bonds. M.AE.— 2d, 7s,1891.... 114=4'. MetropoUfn El.— 131,1908] 103 1051a Clev.A Pitt«.—Cons.s.fd.! Bonds, 78, 1900 2d, 6.S, 1899 1 981a 99% 4th.8.fd..(i.s.l892 110=8'- (Stoch Exchange Prkea.t 7aof 1871,1901 •123 Mex. Cent.— Ist, 7a, 1911. 55 St.L.V.AT.II.—l8t,g.,7s| 1st, consol., guar., 78.. '128% Mich.Cent.-Cons.78, 1902 128ia 1291a' 2d, 7s, 1898 Ala. Centrjil-Ist, 68, 1018 N.Y. J^ack-.t W.— 1st. Oal Consol. 5s, 1902 |*106 2d, guiir., 7s, 1898.... 1'104 AUeg'v Cent.— lst,6s,1922 Construction, 5a. 19231 99 '-2 100 Os, 1909 Pitts.B.A B.—lat. 68, 1911 00 *102>9' * la' Atcli.l'.A S.Fo^tt.s. 1020 Del.& Htul. Canal—lat, 78 Coupon, 5a, 1931 102 Boino W.A Og.— lst,78,'91. 109 't Sinking fund, Os, 1911-.| 73, 1891 1 114'4 1151-2 Registered, 5s, 1931...-! Con., 1st, ext., ,58, 1922. 70 70 14 Atl. & Pac— 1st, 6a, 1910. 90 91 "a lat. ext., 7s, 1891 Jack.Lan.ASag.—68,'91.i 102 Boch.A Pitt.— lat, 69,1921 110 113 Balt.& O.—1st, 6s, Prk.Br. Coupon, 78, 1894 1171-2 Milw. ANo.—lat, (is, 1910| 98 100 Consol., 1st, 6s, 1922.... 90 106 Bost. Hartf. & E.—Ist, 73 Registered, 7m, 1894 .... '1171a Mil.L.S. AW.— 1 at, (is, 192 1 , 13 108 Bich.A.-VUeg.- lst,7a,1920| 69 70 9913 Gu.aranteed 1st, Pa.Div.,cp.,73, 1917 131 Minn.ASt.L.— lat,78,1927. 126 | Rich. A Daiiv.—Cons.. g., 68] 100 Bur. C. Rap.& No.-lst, 581 1st. Pa. Div., rcg.. 1917- 132 IowaExt.-lst, IS, 1909*120 Debenture (is. 1927 1 58 Mlnn.&St.D.— lst,78,gu.! Alb. Bast. Div.— Ist, 6s, 1912 Den.So.Pk.A P.ac.— 1st, 78:* 97 Morgan's La. A T.— Ist, 6a 2d, pref., 7s, 1894 1 112 111. Div.— 1st, lis, iinr Den.*. RioG.Wost.-l3t,68l 52 Nash.Chat.A St.L.— lst,7a 121 2d, income, 7a, 1894 ....! '105 * Char. Col. &. Aug.— 1st, Det.Mack.itMarq.—lst,68 91 2d, 63, 1901 *102ia 104 Bellov.A So. 111.— 1st, Sa] '119 IO634I llOlj Ches.* O.—Pur.money fd. . Land grant, 3^23, S.A... N. Y. Central-6s, 1887... St.P.Minn.A Man.—lat,7s la 6ft, gold, series A, 1 !>08 . E.T.Va.AGa.— lst,7s,1900 116 Deb. certs., ext'd 59 107 |107"a 2d. 6s, 1909 '100 I32I4I34 1 112=4 6a, gold, 8OIIC8 H. 1908 . 1st, cons., 6b, 1930 74 7518 N.Y.C.&H.— Ist, cp.,7s ,--- Dakota Ext.- 69, 1910.. 991. 13312 105 63, cuiTency. 1918 Divisional os. 1930 Ist, reg., 1903 1 132 l9t. consol., 69, 1933.,..! 105 >a - 105 Mortgage l.s. 1911 lOlia Eliz.C.&N.—S.f.,deb.,c.,6s Hud.Rlv.-78,2d, s.f ., '85i 106 lat. cons.. 6s, reg., 1933. Ches.O.&S.W.—M. 6-6s..- 89 Ist, 68, 19'20 75 Harlem— lat, 7s, coup... i 133 Min's Un.— 1st, 6a, 1922 110 Cliicago (fe Alton— 1st. 78. Eliz.Lex.A Big Sandy—68 991a 101 14 1st. 7.S. reg.. 1900 i*130ia St. P. A Dul.— lst,58, 1931 I fund, 6s, 1903.. extended, i a . . Elov'd-lst, iOOOi 120 1201a So. Car. It'y— Ist, 68, 1021, 106 Sioking - Erie—Ist, . N.Y. 78, 1920 La. & Mo. Riv.— Ist, 2d, extended, 5s, 1919 ..1*110 N.Y'.P.A O.—Pr.l'n. 6a, '95 108 '2d, 6s, 1931 971a 98 2d, 7s, 1900 3d. extended, 41-28, 1923! IO3I4 N.Y.C.AN.—Oen..68,I910 Slienand'h v.— 1 st,78, 1909 114 Jack. 1920.]*108ia I 36 General, 80 Bt. I-. & Chic—1st 4th, extended, 5s, , Trust Co. rocoipta 6s, 1921 Ist, guar. (564), 78, '94 115 »8 5th, 7s, 1888 N.Y. A. N. Engl'il-lst, 7s' lO-i^a 107 Tex.Cen.—1st. s.f.. 7s,1909 107 108 2d, (360), '(S. 1898- let, cons., gold, 7b, 1920 1271a' 1st, 6a, 1905 1 95 lat mort., 7s. 1911 107 I26I3' 2d, guar. (188). 78, '98 lat, cona., fd coup., 79.. 121 N.Y.C.ASt.L.-lat,6.3,1921l 107^8 108 1 Tol. Del. A Burl.—Main.Os M:i88.R.Br'go-lst,8.f.68 o's. 1908 1 9-23 80 Ist, Davt. Div., 1910 Beorg. 1st lien, 2d. 6s, 1 6s, C.B.& Q.—Consol.Ts. 1903 Long Dock b'uiis, 7s, '93| -. N.Y'.W.Sh.A Buff.-Cn.,68 6OI4 61 Ist, Tei-'l trust, 6s, 1910 58, sinking fund, 1901 BuftVN.Y.A K.-l,st.l916 *1303. Regi.Htered. 5s, 1931.... 501, Tex.A N. O.— 1st, 78, 1905 95"' 5s, debentures, 1913.. N. Y.L.E,&W.-Now2d 6 .' 83=4 N.Y.Suaq.A West.— 1st, 6s 81 Sabine Div.-lst. 03,1912 "95ii la. Div.-S. fd., 08, 1919; Collat'i trust. Us,l 922. Debenture, 6a, 1897 *60 70 Va. Mid.-M. inc., 6a, 1927 68 70 Sinking fund, 48, 1919 BuiT.A S.W.—M.,6s,1908 -95 Midland of N. J.-lst, O9 96 96 14 Wab.St.L.APac— Oen'169 48 Denver iJiv.—48, 1922.. Ev. A T. H.—lat, cons., 68 .100 N.Y.N.H. AH.— 1st, rg., 4a '102 Chic Div.—58, 1910 65 71 85 * 81 Plain 4s, 1921 1 Mt.Vern'n— 1st, 68, 1923 NevadaCentral—lat, 68..| Hav. Div.-68, 1910 C.B.I.&P.-6S, cp., 1917. Fl'tAP.Marq.—M.68,1920, ,113 N.Pac— G.l.gr., l8t,cp.,6a' 102=8 1021a! Tol.P.AW.—lat, 79,1917 6B,reg.,1917 ! G.al. Har.AS.Ant.— l8t,68 lOOia Registered, 6s. 1921. .. ,i*102 IowaDlv.-6s, 1921 *83i8 Keok. * Des M.— 1st, .'i.i' 2d, 78, 1905 *il0'8' N.O.Pac— Ist, 6s,g.,1920, SSlj Ind'polia Div.-6s, 1921 1 9BI4 l()7ia 107=4 Central ot N. J.-lst. 890 Mex. A Pac.—1st, 5s.--. i Norf.AW.—Oon'l,6a, 1931 Detroit Div.—6s, 1921 .. i 1 St consol. assented. 1 899 i 2d,6s. 1931 New Kiver-lat, 68,1932*101 1103 Cairo Div.— 58, 1931 1 *86 . 68*10713' Conv.. assented, Ta, llt02 Gr'nBayW.ASt.P.— Ist.Oal 1 87 No.Railway(Cal.)—Ist, Waba.sh-Mort. 7s. 1909 Adjustment, 78, 1903... GuU Col.A S. Fe-7a, 1909, *114 1 15"3 OhioAMiss.-(Jousol. s.fd.' HOia 120=8 Tol.AW.-lsl,ext., 78 1908.. 119ial'20ia '89 Conv. debent. 68, Hann. ASt.Jos.—88,conv.l 103V104 I Consolidated 78, 1898...1 Ist, St. L. Div., 7s, Leh.AW.B. Con.g'd.aa. 1911 113ia 113=4 consolidated 79, 1911| US 2d. ext,. 7s, 1893 — C:onsol. 6s. | 2d Am.D'k* Irap.—.>s.l921j 'Hou.ston A Texas Cent.— Ist, Spriugtield Div., 7s II4I4 Equipm't bds, 79, '83. Mil. St. ,"111 Chic. & Paul— l8t, M.L.,78 OhioCentral-lst, 63,19201 * 66 Consol. conv., 7s. 1907 1st, 8.S, P. I 1.3218 133 Div., ... 1091a' '88 D 1st, Western 7s 1 lat, Terni'l Tr., Oa, 1920 Gt.Wost'n-l3t. 78, 2d, 7 3-10, P.D.. 1808.-.; 121 125 I lat, No., 78 114 ,117 Ist, Min'l Div., 1921 2d, 78, 1893.... Waco A I 69, lit, 78, g.. R.D., 1902.1 128 -129 consol.. niainoline.88 1211a 126 .... 90 1st, 1890 $ i 2d, iOhioSo.— l8t, 6s,19'21 Q.ATol.— 78, ' iBt, LaC.lMv., 78, 1893. 119 I 2d. Waco A No., 89,1915 Oreg'nA Cal.-lst,(i8,1921 Han. A Naples— 1st, 78 Ist, I. &M., 78, 1897... 119 123 General, 6s, 1921 97 100 Or.ATransc'l-63.'82.1922 71 Ill.A So.Ia.— l8t.ex.,Gs Ist, I. ifcD.. 7a, 1899...- 121 1 Houst.E.AW.Tex.—l8t,7a 1031a Oregon Imp. Co.—1st. Os. 63 StL.K.C.AN.—K.e.," 1st, C. &M., 78, 1003... 129 '139 2d, 68, 1913 Panama—S.f., 8ub.6a,1010 Omalia Div.—Ist, 7s Consol. 78, 1905 12334 124"-a Illinois Central— Peoria Dec. A Ev.— 1st, (!a 104 1P5 Clar'da Br.—Oa, 1919 2d, 78, 1884 10138 SliringlieldDiv.-Cp. 6a. 115 Evan8.Div.-l8t,6s,1920i 105 St.Chaa.Bgc— 1 St. Os t l8t, 7s, I.&D.Ext^,1908: 124 126 Middle Div.—Reg., 59 ... Peoria A Pok.U'u— lat, Oal 105 No. Missouri— Ist, 7s. Ist, S.W. Div., 6s, 1909. 1I31.J' C.St.L.AN.O.-Ten.l..79*121"-2 Pacilic Railroads- West.Uu.Tel.-1900,coup. I22I4 Ist, 6s, I,aC.& Dav.,1919, 100 I 1st, consol.. 7s, 1897 ..I Central Pac—G., 68 113=8 1141a 1900. reg lst,S.Mlun. Div., Os, 1910 Ill'-2ll3 2d, 68, 1907.. 116 San Joaquin Br.—6s.. 108 N.W. Telograph-7a, 19(H 1st, U. AD.. 78, 1910...! 1231a 125 Gold, 5s, 1951 1081a Cal. A Oregon— 1st, 6s] 1031a Mut.Un.TBl.-S.fd,6a, 1911 Chictt Pac.Div.,6a,1910 112 11434 S. 2d Div., 78 'lyo State Aid bds., 78, '84, 100 103 ,Spring \'al. W.W^— lat,6s Dub. A C— . , 108 I4I. l8t,Chio.A P.W.,5s,1921 99 1 10^34. 1 Ced. F. A Minn.—lat, 78 Land grant bonds, 6s. Oreg'n BR.A Nay.-l8t,68 Div.. OS. 191(1.' 98I4' llOia' Min'lPt. ! Ind. Bl. AW.— 1 St pref., 78 West. Pac—Bond.s, 6s C.&L.Snp.Div.,iJ8, 1921| 9S3« 4.5.68, 1909 of Cal. lst,68j 104 la 106 1 1st, So. Pac. Wl8..fc Min.Div...'is.l921 *66ia 971D 98 j 2d, 4-5-08, 1909 So.Pacof Ari/.'a- 1st, Oa "( INCOME BONDS. Cliic. Afuil 30, 1884.J THE CHRONICLE. 605 New Tork Local Secnrlties. Qaotattons In Boston, Philadelphia and Baltlmoro. InaumBes Stack Ijlal. Sloek lAut. BECUBITIE8. Bid. Ask. BKCUBITIE8. Bid. Aak Bank (PrtCM \>T B. a. Ballar, 7 Pine at. 3 PRICE. niilT.PIIIs A w. COM PAN' IKS. PKICB. c.,'89 108 Is BOHTON. . Atch. A Topeka— Ist, 7». 121^123 Miirketl ihtif (*) art Par. COMPANIES. no's >j BIO. Bid. Land Krant, 7s 117 .(('..'98 118 not iViitlitual. AU Aak. Atlantic A PaolUo—6a ... 1 ncome Is 100 171 176 Amerlean 60 147 186 18 SO Boston A Maine—7s Co.-6s,'07. Am»r. Kxobaoc*.. lUO liiU Amor. Kxclianiro .. 100 lOrt lis 114 Boston Albany—7s .... 116 2US Bowery 25 145 A J.- 1 .It, 7s, ron. c. Brnftilwur 166 6s Jlltrlifni'tft Dtot's US Kroailway 25 165 175 Chal. .M., 10 Ogdcnsb.A L.Ch.—C0U.6S 1- i Orei'iiwirh* •J.l ilO Howard 60 55 66 2d,7s.cp. I'M 156 Income «en.,7s, Hanovor 100 165 Irving 60 1903 I rj-Ki 100 70 Old Colony—78 Imii, 60f) THE CHRONICLE. [Vol. XXXVin. RAILROAD EARNINGS. New York City Banks.—The following statement shows the condition of the Associated The latest railroad earnings and the totals from Jan. 1 to Banks of New York City for the week ending at the commencement of business April 19: latest date are given below. The statement includes the gross Average ATnount earnings of all railroads from which returns can be obtained. of- Banks. Loans and ''Net Deponts The columns under the heading "January 1 to latest date" fur- SpKie. Leaal other Circvior UiscQunts. Tenons. than V. S. turn. nish the gross earnings from January 1 to, and including, the period mentioned in the second column. $ New York 10,160,000 1,573,000 892,000 9,878,000 460,000 Manhattan Co 8,041,000 1,07S,000 647,000 7,108,00 I Latest Earnings Reported. Jan. 1 to Latest Date. Merchants' 7,370,500 1,287,9(10 885,100 7,115,100 367,300 Roadt. Mechauica' 8,868,000 832,000 504,000 7,801,000 WeekorMo 1884, 1883. 1884, 1883. Union 4,369,000 1,029,700 240,000 8,884,600 America 10,584,900 1,330.400 687,500 8,853,600 1,100 $ S Pheiiix 3,04:s,000 520.000 118,.500 2,681,000 270,000 Clly 7,417,700 1,617.500 Ala.Gt.Soutliera March 97.600 89,615 266.781 256,661 814,000 8,950,400 IfAtcb.T.&S.Fe February.. Tradesmen's 3,192,500 344,400 127,'200 2,056,'-'00 793,200 ,167,020 1,033,534 2,339,368 2,099,328 Fulton 1,6I5,,';00 436,600 98,400 Buft.N.Y.&Pliil. February.. 1.396.400 17a, 236 147,069 346,307 344.959 Clieniical 14,227,600 3,441,800 845,800 13,938,800 Bur.Ced.K.&No. i2dwk Apr. 47,709 47,981 732.638 741,073 Merchants' ExcU. 3,267,100 357,600 869,900 2,7il8.800 283,600 Canadian Paoiflc 3d wk Apr. 74.000 9.i. 1988. 188a. A<1>1 I'd from the Intematlonsl Juucstmcuts I £38,277 £10,610 Aim I iiui the Chicago & Orand Truiili iMiiwHv 24,260 17,9S8 RAILROAD INTELLIGENCE. Interiwt on Wellington Orey & Bruce bonds held h.v the coniiiaiiy 6,177 2,363 The In VRfrroin' 9iiim'i,rmbnt noiUaitls a complete exhibit of the Interest on capital tcnipnrarlly employed, te. 13,732 15,309 Dividend on Orand It Ftindt'd DiM. iifsutti-x and Cities ilnd ofthe Stocks anil Bonds Detroit Haven Milwau- kee shares 18,493 12,329 of Hdilroails and other Companies. It is published on the last tSatunlai/ every other month—viz., February, April, of £683,124 4662,703 June, Aiii/itst, October and December, and is famished with- ^ out extra charge to ail regular subscribers of the Chronici-b. From thia amount of £68U,134, tho following charges for Extra copies are sold to subscribers of the Chokniclb at 50 interest and rents have to be deducted : Interest on debenture cents each, and to others than subscribers at $1 per copy. stock, £11)3, 3«9; rent.M, £82,197; interest on Ixjnds, loans, &o., £-15,935. niakiiiK £331,501; leaving a net revenue balance of ANNUAL REPORTS. £301,633. This balance of £301.033, divided in accordance with tho provisions of the ileed of union, yields, in the projKjr- tions of 70 lior cent to tho Orand Trunk share cajjit-xl the sum Chlcaiiro St. I'anl MluneiipoliH & Omaha. of £-3.58,136, and of 80 pei- cent to the Great Western sluire (Far the year ending Dec. 'M, 1883. (japital the sum of £108,486. The amount of £2.53,136 thua A copy of tho aunvml report of this company wns obt.ainiMl appropriated to the Orand Trunk share capital, added to just ii3 the Chronicle wiis going to press. Tlie roiunrks ac- £2,850, the undivided surplus on the 30th June, 1883, makes a coninanying the report will bia found at length in tlie next total .amount available for dividend of £355,980, which will nuiiil)(>r, but we give below our usual comparative tables for permit of the payment of the full half-year's dividend at the three years: rate of 5 |)er cent per annum on the first and second prefcjrence ROAD AMD EQCirMEMT. stocks, and of a dividend at the rate of 334^ per cent iK»r annum 1831. 1882. 1883. on the third preference stock, leaving a balance of £1,0.33 to be Hlle« owned and oiwratod 1,003 1,150 1,280 carried forward to the next half-year's account. Lomnntlvpo 125 165 181 The amount of £108,486 .appropriate responding period in*1882 : Maintenance of cars 205,078 194.873 1883. 1832. General expenses 125,440 113,833 Orom receipts £1,898,066 £1,871,033 Working expenses, 69-33 belns at the rate of Total $1,673,939 $1,673,336 per cent, against 67-98 per cent in 1332.... 1.315,887 1,271,900 fc««^ Neteamings $653,194 $583,054 Net *S82,179 £599,133 Per cent of op. ex. to earnings 72 p. o. 74-35 p.*. : — ; — —, 508 THE CHRONICLE. [Vol. XXXVIU. INCOME ACCOUNT, 1883. acres of land yet unsold ; Dominion of Canada guarantee of 3 per cent interest per annum on stock outstanding for ten years from November Net for 1S83 shown in foregoing table was $353,194 1883." wliicli deiluct interest on funiled debt $-IlS),995 From Pacific Interest for It-SS on note lieia by Pennsylvania Co. 25,tt02 475,897 To complete the Canadian Railway from ocean to ocean 780 miles remain to be built. To accomplif-h t^iis the Can- Prclltin operatine road for 1883 $177,296 adian Government has bound itself to pay $27,710,000, as fol- From wliicli deduct lows : In subsidy, $12,710,000 ; by loan at 5 per cent, Loss in operatiiii; B. V. L. T. & M. E. R $3,097 Loss in openitinsG. R. I. & M. R. R 17,823 $15,000,000." Tnfcrest on G. K. i. & M. loan 19,2.50 Interest on advances to C. K. & Ft.W. R. R 12.011 Chesapeake & Ohio.—The comparative statement of earn- lo C. K. & Ft. W?E. R 4,993 57,175 Advances ings and expenses for February, and for two months, is as fol- Net surplus profit for year 1883 $120,121 lows : ; February . , Jan. 1 to Feb. 29.—, The betterments in 1883 included in operating ex- $190,11,162 1834. 1883. 18*4. 1883. penses were Earnings $266,072 $253,446 $146,693 $505,415 GENERAL ACCOXTKT DECEMBER 31, 1833. Expenses 199,049 192,670 414,069 404,384 Assets. Liabilities. Net earnings.. $67,022 $60,775 $132,632 $101,030 Cost of rnad, equip., Capital stock i. $4,985,031 &c., to date $13,267,016 Funded debt :.... 8,000,000 Stock and bonds (aux- Amount due to otlier Chicajro & Alton —St. Lonis Jacksonrille & Chicago. iliary road.s) 29,061 compauids 25,766 Notice of the consolidation of the Chicago & Alton and the St. Acpouuts payable 153,401 G. 1{. I. & M. RU , con- Louis Jacksonville & Chicago railroads was sent to the Stock struction account 111,689 Bills pavablc held by notice, in Due by otlier compa- Peuu. Co 444,607 Excliange Thursday. The which was posted the Ex- nies in current acct.. 258,712 Bond and mortgage on change stated that on April 14 an agreement was made between Amount due by agts. real estate 27.500 the two lines named by which the capital Stock of the Chicago & and ciinductors 20,678 Coupons lield bv Penn. follows : Ca4ionliand 276,839 RR. Co 2,002,988 Alton shall be increased as Preferred stock, not to additional : stock, CasU loaned on call ... . 300,000 Coupons held by Penn. exceed 10,541 shares common not to exceed Bills recclvalile 012 Co 137,502 16,746 shares additional. This new stock will be exchanged 129,585 Coupons matured and Supplieson hand for an equal number of the shares of the St. Louis Jackson- Trustees MacUInaw notpaid 172,375 sinking fund 13,064 ville & Chicago. This union of the two roads lias been under Balance from protit & Total $15,949,282 consideration for more than a year, and the plan has already loss account 1,542,093 received the assent of tlie required majority of stockholdeiB. Total $lo,949,2S2 The Stock Exchange is asked to list the new stock. Chicago & Northwestei'n. —The following circular has been Ashtabula & Pittsbnrg' Raihvay. issued from the New York office under date of April 15, 1884. {For the year ending December 31, 1883.) "The annual meeting of the stockholders and bondholders of This road is leased to the Pennsylvania Company, and from this company wUi be held at the company's office in Chicago the report of operations given by the lessee, the directors make on Thursday, June 5th next at 1 P. IM., and a special meeting their annual rejiort : ot the stockholders will also be held at the same place on EAUNIXGS AND EXPENSES. Tluirsday, June 2Gth, 1884, at 11 A. M., pursuant to notice on 1833. 1382. uiclosed pi'oxy : From ore, tons, and dockage thereon $224,814 $155,381 From coal, tons 80,544 61,082 "It IS well known to most of the holders of tli'^ stocks and bonds of this Merchandise, tons 95.(i94 83,593 com -any that a i)ortiou of its roads in the Htato of Iowa, including the Piissengers 39,664 32,944 main liiie between the Mississippi ami !\Ii-;s(uiri rivers, is opei-atcd under Express 2,:)36 2.337 perpetual lease, the annual rental paid therefor being .a pi.'icentage of Mail 2,733 2,716 tile gros-i earnings, and varying from year to year with the amount of Miscellaneous 1,899 5,139 business. These lines consist of the C'Uie.igo Iowa & Nebraska Railn ad, the Cedar Rapids & Missouri River Eailioad and the Miiplr River Rail- *I17,0S7 S343.1S5 road, whose aggreg.ite lengtli is 487 u'loo mile-. 27 miles ot the latter Opcratin? cxoensos $2j4,9SO $231,>-87 road having been o 'tuple ed last year. I'he total rental for the .year Hire of equipment f(tr 12 months 28,374 19,683 ending I>cc. 31 last amounted to $1,5.''>8.753 25, .and would liave been Balance of interest account due lessee Co 428 151 greater had all of tho Maide Klver load been in operation. "An airangeinent has been made, based upon actual remits of oper- Total expenses $283,634 $251,722 ating, b.v which, it is believed, the mutual interests ot tliis ciuupan.v and the lessors of these ro:Mls will b i promoted, fiir the transfer of the owiier- Net earnings for the year $163,403 $j1,163 sliip of the leased roads to the Chicago & Northwestern Railway Com- The operating expenses in 1883 were 63 per cent of the pany. 'The agreement provides that this company shall assume the liondcd gross receipts ; in 1882, 73 per cent. indeViteduess of the leased roads, amouutiug lo $1,915,10 J, and shall Net earnings $163,403 purchase their capital stocks, paying therefor in the couimou stock of Deduct payment of iutcrest for 12 mouths ending July 31, the Chicago & Northwestern Riiilwa.v Company, amounting to 147,575- 18s3, on $1,500,000 6 percent bonds of the company 90,000 shures, the annual ehar^ro upon the 'bonds and stoidc so assumed and issued (the stock at 7 per ceat) would amount to $ 1. 389, 032, or $169,- Ijeaving balance to credit of income account for the year $73,403 671 2.3J1PS8 than the rent.al piid last ye.i'-. This saving is iu addition to As per Treasurer's statfuieut the balance to credit of said ac- tile annual couce=sl.'u whi'di has b^ieh grante I for several years past ou count December 31, 1882, was 30.797 the rental of the Chicago Iowa & Nebr.iska line. The po.-isibiliiios ot the removal of this concession and the enforooment of the full amount of Making a total to December 31, 1883, of $104,200 annual rental earned under the lease a.fc in the power of the lessors, but such exaction would become so onerous to this company as to lead to The following extraordinary expenditures were made during sei ions dillicnlties between it and the lessors. This cause of apiirehon- the year, viz. pion will be removed by the proposed purchase, and tlui way will be clear for this company to receive the full beno'tir. ot haviuj: the large Payment for extension of docks find re-adJustment of expenditures and improvo;neuts made on ieasL-d roads, which, under tracks ,at Harbcu-. at Ashtabula, O , &o .$50,990 giave cortingenciesof default, might bo subject to forfeiture or abandon- Payment of note of the company, dared November 30, ment. secured to its own roads. 1,"?81, on account of purchase mftne.y or "Strong '•A positive a tors and officers for the ensuing year was chosen as follows : BoiKlsnnd obli!!ati(rasassnmed $11,149,600 Chicairo it .Vortlnvcstern Railway Co. 3 per cent de'ientiires 1.9 H.nOO Directors : J. T. Burr, B. P. Cheney, of Boston ; C. K. HoUi- Chicago & Northwestern Railway Comiiaay common stock. 14,7fl7,50J day, of Topeka ; S. A. Kent, of Chicago ; T. Nickerson, A. W. NickersOD, C. J. Paine, of Boston ; L. S. Every, of Emporia Total 5^2^'375,10O rate of per mile." Alden Spear, G. O. Shattuck, of Boston ; B. F. Stringfellow, Being at the average $30,753 of Atchison ; W. B. Strong and A. E. Touzalin, of Boston. Cincinnati Indianapolis St. Lonis & Cliicago.—A dispatch Officers : W. B. Strong, President ; A. E. Touzalin, Vice- from Cincinnati, April 20, said: "The directors of this company President : B. P. Cheney, Chairman of the board of directors ; have approved the sale of an interest in the CJrand Central E. Wilder, .Secretary and Treasurer. Station to the Baltimore & Oliio and the Cleveland Columbus Canadian Pacific.—Copies of the annual statement respect- Cincinnati & Indianapolis, making the three roatls equal own- ing the Canadian Pacific Raihvay, made by Sir Charles Tupjier. ers. This relieves the company from making special provision the British Minister of Railways, have been received. The for the payment of its floating debt, and the committee ap- position of the Canadian Pacific is briefly stated as follows : pointed to issue preferred stock for that purpose has been dis- "Liabilities—$7,500.0ro received from the Gnvernment. hearings charged." , cint interest, per payalde 1891 ; $1,381,000 5 percent land grant bonds directors of this comp.any nnredoemed; *7,:;80,000payaHlc in 1888 to the Caniidian 'iovernminl; Denver & Rio Grande.—The $55,0li",O0O of i-oniriion sroek sold and distributed, netting theiom met tliis week in New York and re-elected President Lo^ejoy piiny $25. ^3f;,>-28; $5,1 00,000 borrowed for ot o vear in $10.c)00.00ii a'ld all of the other officers except D. C. Dodge, Second Vice- addit onal stock as eollateial. Tot;il stock ouistatidint', $65,000,000. Presitient. Mr. D. 11. Sloffat succeeds Gen. Dodge. A resolu- "As.sets- Property on which tie eouii^any has actually cxpendtd, as t ion pa.ssed providing for the of the coupons. psr report, JInrch 3, 1881, *'i8.095,377 ; subsldv In tlie form of com- was payment May liletediaiUvay, as per ollicial memorandum, le83 (713 miles), 21, 247,000 The resignation of Mr. Henry E. .Sprague as a director was . ' '! /r:^i H-4 1 THE CHRONICLE. 609 newsninw.r i.iil.li..lin,I in \',.iv \',.f\i 11,,. .|,,,|,i.|. Ml. .-].... 4 iif< reslRiiPil in order to kIvo hln entire Onrp a Wl-ck in a li'ii 1(1 tin- iiiMrnrinaiico of Iuh ilutics iw rnsuloiit of tlio triistiM-H are the Urii' f Tlio Di'iivi-r conlrovcrMy with New York. The hn\>\ . ( 'I .ra'loCiKil it Iron ('omiKinv. Mr. DikIko unit tlic Di'iivor & Kio Oraiuln Western standu IIiuh: certain bonds and Mtcjc^.s r.'|/re^i'atin>^ iiiLi IJ. ill lines, coal prop:rtleH, terminal I '1 he Uoiiver & Kio Clniiulo Western, tlironKli C. U.)Jxe, branch ine.l nil injuiulion on April 15 re.Htniiiiin:^ Mr. L ivejoy and ineiilH connictel witii the lines of its railt witli as following ineiitioiii'd seciiritie.s, viz.: — 10.'' 111 1 1 liver C'ouipMuy from interfering him in:inaxer of tin? (!oui- Coal Co. stock, $1K5.(100 mortgage bnr llw I tah lines. .Tliis w.isin Utah. Tuesday, Donver pany seciireil an injunction in New York restraining Mr. Dodge & Pittsburg Railroad Co., 5,7")U sharcH I' Co. stiK'k, Bnii ,( froiii aetin^' m n\aniij;or under the lease. Erie Railroad 1,349 sharcH Co. stock, 10,000 shares Hillside Coal iV Jioii Co. nt«Kk, Hostoii A: Maine.—In Boston a Ijill in eciuity has Knslern— $714,000 first mortgage bonds Jefferson Railroad Co., n.ooo I >' i'Vaneis W. Hill and four other large stoekhoMora n filed by sh.aros L(mg Dock Conip.iny 8to<:k, $350. 00<) ni Vi H' Maine t'entral Itiiilroad in tlie United StaleH Circuit Newark & Hudson Railroad Vai., $100,000 i, i ' Maine Central I against the Kisterii, Ho.ston & Maine and Newburg & New York Railroad ('o., $l9i),!. i ,,,.. railiiads. asking an injunction to restrain the execution of the i bonds Paterson & Newark liailroad Co., 0,941 shares i k.isi' of the Eastern to the Boston & Maine. Steamboat Co., 5,000 sliaroj Northwestern Mining 510 THE CHRONICLE. [Vol. XXXVin. furnish fully one-half of the gross earnings." » * * "Dxiring March. . . Six Months. . 1884. ISSS. were but, 1833-J. l»8'-'-3. the month of February the gross earnings $530,084; Gross earnings $133,162 $120,623 $7rl3,700 $786,956 owing to the storms and the heavy expenses upon the road, Not earning? ... 47.141 *42 232.522 117,722 the cost of operating was $428,803", leaving the net earnings Increase in net in 1834 47,184 114,800 •Deficit. only $91 ,282, or a little less than i8 per cent. Of the total earn- ings, $183,453, or considerably more than one-tlm-d, were from St. Panl City Honds.—At the sale of $600,000 water works passengers. The land sales were, of course, very small—only 5 per cent bonds the total bids were large and the whole lot ** 103 186,795. The gross earnings for March exceeded $902,000." was taken by one party at '80 and accrued interest. "but those for April promise to exceed $1,350,000, for the total State Line & Sullivan.—It is announced that this road has earnings during the first two weeks is $056,900, or 85 per cent been leased to the Lehigh Valley Co. for 50 years. The road more than those for the four weeks of February. The follow- runs from Monroeton, Pa., to Bernice, in Sullivan County, 23 ing statement, which has not before been published, shows miles, and the lease includes the right to use the tracks of the the actual earnings, both gross and net, for the first eight Barclay Railroad from Monroeton to Towanda, 4 miles. The months of the fiscal yeai', as compared with the previous year: company leases its road, but retains possession of, and will 188 i. 1883. Increase. continue to work, the coal mines about Bernice. It is stated Gross earnings ig7,752.177 $5,011,542 $2,740.63.5 that the rental of the road is to be $36,000 a year for the first Operatiug expenses 4,958,030 3,127,574 1,830,500 three years, with .$40,000 a year for the balance of the term. Net earnings $2,794,096 $1,883,968 $910,128 The company has mined between 60,000 and 70,000 tons of anthracite coal a year, which finds its outlet over the road "During these eight months the Land Department have sold which is now leased and over the Lehigh Valley road from acres for $1,503,331, or an average of $4-60 an acre. The 826,414 Towanda. Railroad Gazitte. amount of deferred payments due on land sales was, on the 1st of March, $3,320,141, of which $1,646,398 was applicable to Texas & Pacific.-Tliis company sold on April 10 33,000 the retirement of the preferred stock, $1,136,531 to the retire- acres of land to the Magnolia Cattle Company for $99,000. ment of the first mortgage bonds on the Missouri and Pend The company paid for the land in Texas Pacific bonds. Other d'Oreille divisions, and $537,811 to the retirement of the first heavy sales are reported to have lately been made, the com- mortgage bonds. The preferred stock has been reduced since pany taking its bonds at par in payment. the iSt statement more than a quarter of a million and is now Toledo Delphos & Bnrlington.—The committee represent- 141,105,400." ing the first mortgage boudliolders of the Toledo Delphos & Oregon & Trans-Continental.—The reply of President En- Burlington main line and the Toledo Cincinnati & St. Louis railroad dicott of the Oregon & Trans-Continental to the letter recently companies, St. Louis Division, have their office Bent him by Brayton Ives and other New York stockholders in New York, at 81 Beaver Street, and applications for infor- mation, or to join in the should contains no definite information, and its essential parts are as agreement, be made only there. state large follows: The committee that a number of security- holders have already come in. The time for joining in the "Bofaras I am aware, noBtockliolder has ever been refused any in- formation proper to be communicated, tbough it baa not been always agreement expires May 10. possible to be accurate, owing to the many unsettled accounts for con- The proposed agreement seems to be fair to all, and was Btruotiou, etc. Tbe officers of the company have no possible motive for matured after long discussion by the different parties in concealment. interest. The old first mortgage bondholders, who are gen- " As to the removal of the offices of the compan.T to New York, I have only to say that the Assistant Treasurer.with tht books, had been trans- erally in favor of the agreement, apparently give up more than ferred there before the receipt of your letter, and will remain there. Mr. any other class, as they receive no interest till 1888, and then Eiyah Smith, who is in charge of the affairs at the New York office, will only four per cent till 1893. The parties, as usual, most Bhow to any of you a statement of the assets and aggregate liiibillties of the company. I deem it improper to make public exhibit of the names inclined to criticise, ai-e those who paid least for their holdings, of the creditors, with the collateral held by each, as I know It to be dis- and who would be entirely wiped out by foreclosure. tasteful to many of them, and I have already rece ived requests from The Dayton Division, Southeastern Division, Cincinnati details of their loans be withheld from public eeveral that the inspec- already tion. Division and Cincinnati Northern are advertised for " As the Inquiry has often been made in New York papers as to what sale in foreclosure on June 38. has become of the large capital of the company, it may not be inoppor- reports President Dillon tune to remind the stockholders that the shrinkage of market price in Union Pacific-The Stocfe7to?der as " the Northern Pacific and Oregon Railway Apkil 20, l»U4.j THE CHRONICLE 611 xc ([I^ommcvcitvl JTimes. COTTON. Friday, P. M., April 25, 1884, Thb Movement of thb Chop, aa indicated by our telegrams EPITOME. from the South to-night, is given below. For the wwjk ondinK COMMERCIAL this evening (April 25), the total receipts have reached aO.BSB Friday Nioht, April ir>, 1884. bales, against 80,274 bales last week, 80,118 balea the previoua week and The weather for the past week has been stormy and the 87,001 bales three weeks since; making the total receipte since the 1st of September, 1888, 4,698,266 bales, against temporature low in many sections of the United .States ; 5,611,000 bales for the same period of 1883-83, ahowljiK a even the Oulf States report frosts ; Bpring sowing and planting decrease since September 1, 188d, of 018.648 bales. is thereby delayed, and a great impulse has been given to the R*nlpUat— Bat. Jfon. Tuet. Wed. Thun. #H. Total. speculation in food staples, favored in some cases by better Salveaton foreign advices. The weather is much more seasonable at the 68 412 87 200 341 61 1.219 iDdlanola, Ao. 31 81 close, giving some impetus to spring trade. New Orleaoa... 646 1,422 725 62 391 0<17 4,212 very excited, in The lard speculation has been and the forty- Mobile 197 299 2 15 96 192 797 eight hours ending this morning an important advance in Florida 24 24 prices was made. The movement was partly in sympathy with Savannah 181 171 101 4» 41 66 £98 Brunaw'k, Ae. 26 29 tlie course of the grain markets, but has had more support in Uharleston 319 287 14 72 37 46 775 the smaller number of swine slaughtered at the West, Pt. Royal, iltc. 16 16 and in a better general trade. The highest prices this morn- Vllmlngton 12 17 11 21 9 9 82 ing for the active months were 8'S9c. for May, O'OOc. for July Moreh'd C.,&c 20 20 Tforfolk 207 190 139 and 9'12o. for Aug., for prime Western, but the close was 109 33 1!2 . 790 West Point,Ac 268 263 with sellers at 8'7oc. for May, 8-80c. for June, 6-89c. for July slow York 318 17 324 30 131 861 1,679 but is and 8'95c. for Aug. Spot lard has advanced, the close 569 404 719 929 1,130 456 4,237 80 unsettled that reliable figures cannot be given, but appro.xi- Jaltlmore 1,079 1,079 PhUadelp'a, mate at 8-60c. for prime city, S-Saj-.jC. for prime Western and Ao. 122 60 127 2,342 32 2,358 5,041 9c. for refined for the Continent. Pork has been more active Totals this week 2,636 3,275 2,282 3.919 2,24 6,570 20.923 and closes firm at $17 for mess and $19 for clear back. Bacon For comparison, we give the following table showing the week's and cut meats are more firmly held, but quite nominal. Beef total receipts, the total since Sept.l, 1883, and the stock to-night, and beef hams are unchanged, but favor buyers. Tallow has and the same items for the corresponding periods of last year. been active at 7'4C. for prime, but closes dull. Oleomargarine 1883-84. 1882-83. Block. Reeeiptt to has sold freely at 85^@8^.^c. A recent law of this State now ThU Since 8tp. ThU BineeSep. April 25. 1884. 1889. forbids its manufacture, but will probably have little effect. Wttk. 1, 1883. Week. 1, 1882. Stearine nominal at 9c. for prime. Butter lower; creamery, aalveston 1.249 584,864 11,007 781,095 10,500 51,101 22@31c.; Western factory, 12@31c. Cheese, 8@12>^c. for new Indlanola,(fec. 31 8,467 131 16,292 5 (few Orleans... factory and 2)^@5c. for skims. Fresh eggs 14@16c. The fol- 4,212 1.492,493 16,301 1,57:.',819 156,998 208,860 Mobile 797 249,787 1,016 303,752 9,351 23,033 lowing is a comparative summary of aggregate exports from Florida 21 42,479 2,425 18,178 Sept. 1, 1883, to April 1884: 19, Savannah 598 645,958 5,823 787.029 6,679 23,531 1883-84. 1882-83. Deo. '83-84. Brunsw'k, Ac 25 7,9S1 5,508 Pork, lbs 20,411,200 24,697,400 4,28 ISHi, Wiscansin Havana seed, 225^@ 30c. ; I1.O cases crop 1882, Since Sept. 1. 1693,266 561 l,n09 4431,712 4638,86' 4317,007 do. do,. 19@30c.; 730 cases crop 1882, Pennsylvania, 4>6C«> Qalveston Includes indiiiiiula; Cbarlestou includes Port Uoyal, Ac'" 16>^c. ; 200 cases crop 1881, do., 6® 10c. ; 200 cases crop I88O', Wllmlnxtonlncludes Uorebead City, Ac: Norfolk Includes City Point, Ao. do., 10(3141^0.; 150 cases crop 1883, New England Havana The exports for the week ending this evening reach a total seed, 22@27c.; 100 cases crop 1882, Ney England, ll@30c., of 33,036 bales, of which 20,422 were to Great Britain, 3,577 and 50 cases crop 1883, Ohio, 8c.; also. 400 bales Havana, 8O0. to France and 9,637 to the rest of the Continent, while the @|1 15, and 350 bales Sumatra, $1 20@H 65. stocks as made up this evening are now 573,785 bales. Below The naval store market his improved, the speculative inter- are the expoi-ts for the week yid since September 1, 1883. est has been greater and the spot demands have increased suf- Week Ending AprU ti. from Sept. 1. 1883, U Apr. 85, 1(84. ficiently to, advance spirits turpentine to 32}^@33c., and Kxported to- Exported to— strained to good strained rosins to $1 42;^@|1 45. Refined pe- txforU Gnat Conti- Toted Oreat Ctolltl- troleum has been depressed by weak foreign advices, and to- /rom— Brtt'n. rranee nent. Week. Britain. fWlf.M n«nl. Tota. night 8f^c. are the figures for 70 Abel test. Crude oil certifi- cates were sharply advanced to-day; the rise was due to a de- JalTeiton 181 431 218.68S 34.78S ti2,378 saa.780 Hew Orleans. io,a5« S,M» *,7S« 2I.MI 705,0:8 813453 283.273 termined effort to squeeze out a large "short " interest, and 1,311,004 UobUe ....f. 30,167 1.380 67.537 from 93S^c. there was an advance to 95>^c.; the final figures norlda 8.704 a.701 were 95e. The only important feature in metals 94;^@ was teTannah isi.ses 13,438 188,717 859,706 the Bale of 15,000 tons steel rails by the Scranton Company 'Tharleatofi *.. 11! .205 u.ir. 1S3.71V 268,431 at $31. . Wilmington.. 43,413 3^» 47.242 Ocean freight room has been without special features of Sorfolkt 2Mjn9 20,A88 m.MO interest ; berths have sagged but oil tonnage has remained Sew Tork ... 8,3m I.OSii 3S0 4,'; 07 818,012 20,716 8I.04S 48».70> steady, though by no means active. Liverpool, steam, grain Soaton ...... •7,040 8.123 100.483 to-night quoted IJ^d.; flour, 58.@78. 6d.; bacon and lard, 10s.; Biltimora..... S,73l 2,731 »»,8W 1,808 61.011 1S23I0 cheese, Plilladelp^Ac i,ioe SO 1.1M 88,087 3.S38 S5,679 158.@208.; cotton, 3-32d. ; grain to London by steam engaged at 31.^® 3%d.; do. Hull by steam, 2d.; do. to Avon- Total 80.1^ 8.577 P.(>?7 3S.89e >,l74,Mtl 4I7,46« 803 a» 3.488.044 mouth by steam, 2s. qr.; 6d. per do. to Hamburg by steam, Tout 1SS8-S3 53.9.V) U.'lSh 23.831 eO.RSS « 131 1S7 303.811 1,MS.49V 4.n«0.~»87 50 pfennigs; refined petroleum to Rangoon, 30c.; do. to Bom- * Inolades exports from Fort KoyuI. Ao. bay, 21c. ; do. in bbls. to Naples, 2s. 9d. t Incladu exports from We«t Point. A*^. « 4 512 THE CHUONICLE. [Vol. XXXVIII. In addition to above exports, our telegrams to-night also give The Sales and Prices of P^ttures are shown by the foUow us the following amounts of cotton on shipboard, not cleared, ing comprehensive table. In the statement will be found th» at tlie ports named. We add similar figures for New York, daily market, the prices of sales for e.aoh month each day, and •whicli are prepared for our special use by Messrs. Carey, Yale the closing bids, in addition to the daily and total sales. & Lambert, 89 Broad Street. IVedn On Shipboard, not clearettr—for II Clos Pric Bale oSEg Cloain i5Sl Leavins Pricca tu n 01 fill S fii 3 t;*a ca r* Apkii-23, AT— Great Other Ooaal- Stock. lii"^ France. Total. Britain. Foreign wise. g 'f='Oo>- •'^l^ qS-Hj •5,^^ • New Orleans.... 9,713 9.117 6,012 542 25,681 131.314 : ^r^ s^l Mobiln None. None. None. None, None, Si,3,Tl H 4i ! 2 ! 1^ None. l,'i50 5,770 :s:r = ^i;= Cnaritston None. 800 450 : s : to ; ip^r i B ^ 3 Bavannah 1.100 None, None. 600 1,700 4,979 '.^. ' ' '.%: ; 1 GO KfW :?: 1 :?S: 1; :?; a. Galveston None. None. 1,443 1,071 V,5ll 7,a8B r Norfolk None. None. None. 681 681 6,626 ^ ,_ 1^ ^ ^ 2..iil0 400 J 50 None. 3,150 344.074 .-3 New York ^q 3.000 None. 500 None. 3,500 24,197 2 6 ffio fo m' Otlier ports fei:„B r-- tOatJ Oo" 5^=? 11^ ^S.-l? gSMg ^9-15' i^.'-p 534,306 CO ^0-. =• o-i-oS Mqt C- "^^1 "^ Total 1881 16,113 9,¥17 9,205 3,344 38,479 10 S 2 ff- r* '-(B5 S.a« .^:^§ p^O :f§? '^%- 3!i,101 <-> "S%? ^S§? P5.~ 5.632 1 44.838 12,504 102,275 578,793 ,0, Total 1883 i to c: -J #- If 38,941 12.671111.924 3,354 66,890 1 532.012 Total 1882 l-M b. MM je. ^ HM 5 pp ^ PS ^ 1717 < new features have been developed the past week in the -1 > a M-^l -g*i a, ^'1 a> -J -I tt Some M '^ *^ rn -1 I OCOO ^1 t; IjOW Midd'c III2 Ilia M^-O'7 , U^ 11% 11% 11% 11% 11% 11% 'a '7'70-r -7 'To? c bo tf Btr.L'wilid lUiiG ni°,„ llio,e ni6,„ c m6°to coCo ccOti = oo CD ' OCD 1111, r, lUiie lli°ie 1113,fi lliBie COOo o to;o w Mif- to 0. tOM MlddllnR... ll'^s U'^s ll'fl 1218 1218 12>« I2i8 1218 12lfl 00 C C ^ Good Mid.. r.i8 12lfl 12ifl- 123h 1238 123« 1238 1238 1238 MM b. £5 ? SP ss 2; PS SS ? Sir.G'dMld 1238 li38 1238 12l>8 1258 1258 12Ba 12»8 ? 5r ^ 126a 00 2 CO 2 CO 2 oto 2 C-. 2 Mldd'gFaii ^00 ^ "i >» 1J.01 »» 12% 129j 12% 13 13 13 13 13 13 rTi r:- c:o Om CO " § 13I2 1 : 1 S,M' sco; 1 S'co; 1 &^-: r^lr 1312 131a 13% 13% 13% 13% 13% 13% 6.- » 1 e-: 1 !? >-•.- 4^-; l-M^>^ i-i-'b-.-' >-' - OT- t-MO, M MM,^M Wed Tb. Fri. Wed Tb. Frl. wroci Xh. Frl, '7'rc^ ooSo ooo 6 ooSi ooOo 6oO ^ : : 1 61 : : : i 1 e: 1 » : 1 ^: 1 s: ^; ^ BTAISED. Sat. mon rues Wed Til. Fri, Moi-^ { { -3 ' *> ' , 1 1 1 • 1 ro-r 1 1 1 '70-r i t <^ Good Ordinary lb. 914 914 914 9I4 9I4 9I4 1 toOfo 1 too to ,.S to to 01 It. Strict Good Ordinary... 9i5ie 913lB 9i5,e 915:8 91^16 01 = 18 .". F» > > > > Li>w Middllne 10% 10% 10% 10% 110% 10% •< 1 1 •< 1 1 1 1 1 1 -^ 1 1 1 < < < I 1 1 1 1 MlddllnK 1138 1138 1138 1138 11138 1138 1 1 „ „ 1 *^ 1 fe! ; : : : 1 ®: 1 S: IS; MARKET AND SALES. 1 ®: IS:; ^ The total sales and future deliveries each day during tlie 1 1 1 1: 1 1 1 li 1 1: : 1: w^eek are indicated in the following statement. For the con- venience of the reader we also add a column which shows at a * September, 1883, for September, 76,200 ; Septem- glance Includes sales In how the market closed gn same days. ber-October, for October, 338,600; Septiunber-Noviimber, for Novciuber, 399 800 Septembei'-Deeeuiber, lor December. SOii.iJOO ; Septoiuber- SALES OP SPOT AND TRANSIT. FUTURES. Jaunary, for January, 2.bl7.900; Septembci -February, for February, SPOT MARKET Septeniber-Marcli. lor Marub, 2.300.800. Mx- Oon- Spec- IV'on- Deiiv- 1,780,800; CLOSED. 1 have iucUulert in the above table, and shall coniioTie each porl.\ lump. ul'fn nt. Total. 8aU$. triet. 1^^ We week to Kive, the average price of futures each uay for each month. It uiiiier each day following the Kubreviation " Aver." The Bat.. Dull and caiiier.. 203 203 95.800 300 will be found averace for each month for the week is also siven at bottom of table. Mon . Quiet iindcasy.. 275 "io 313 112,700 6110 '.'.'.'. Transferable Orders—Saturday, ll-75o.: Monday. ll-80c.; Tuesday, Tues. Ciuiet :::: 228 228 77.800 400 ll-7f)c.; Wednesday, llSOc.; Thursday, ll-80c.-, Friday, llSOo. Wed . Quiet 159 159 81,90(1 300 Tliurs Quiet 199 199 68,,'i00 ."GO Tlie following exchanges have been made during the Week: Fri . . DuU and easy... 256 256 57,600 . 400 1'12 pd. to exch. 100 Nov, for Aug, 34 pd. to exch. 400 May for Ang. •12 pd, to exch, 200 June for July. •7.") piL to e.\cli. 1,000 Dec. for Sept. Tnfnl. — 1.320! 40l .... 1,360 491.300 2,300 •34 pd. to exch. 200 May for Aug. •33 pd. to exch. 5i)0 May for Aug. The daUy deliveries given above are actually delivered the day 33 pd. to exch. 1,000 May for Aug. 2D0 April s. n. 2StU for May—even. j>reyloufljto tliat on wliicli tliey are reported. •22 pd. to exch. 100 June for Aug. | 7 : . 1 ' 2(1, lfl84 AraiL I TIIK ( IIKONICLE. 613 'i IIH Illaill' Tm; . lll.Y OK CUTTO.N tlHIliKllt, up \'\ i-.lDlo bales lea» than at the same period last year. The ron^pt it and tcIiKniiili, is ;us fi)llow.><. Tlie t!oiitliifiital Ht The above figures indicate a decrease in the cotton in sight April 4 44.467 78,708 ,941 1 257,,152[:25.3a4 27,2^2« e«.889 '< 1,240 •• to-night of 2o3,607 hales as compared with the same date of 11 3'2.829 72,t'36 ri7,239.,461 lip.088| li<,0S2 55.241 11.787 •• 1833, an increase of l."),6.51 bales as compared with the corres- 18 89,800 66,527 ,281.l2!3, 0291 98,960 8,3 14 40,005, 19.168 ponding date of 18S3 and a decrease of 203,190 bales as •• 85 83.606 59,241 8;6,189.,806i 90,7941 U.lrtll 36.321 12,757 compared with 1881. The above statement shows—1. That the total receipts from At the Interior Towns the movement—that is the receipts the plantations since September 1, 1883, were 4,734,904 bales: for the week and since Sept. 1, the shipments for the week, and in 1882-83 were 5,78.j,330 bales; in 1881-83 were 4,.')44,153 bales. the stocks to-night, and the same items for the corresponding 3. —That, although the receipts at the outports tlie past week period of 1883-83—is set out in detail in the following statement were 20,903 bales, the actual movement from plantations was only 12,757 bales, the balance being taken from the stocks at the interior towns. Last year the receipts from the plantations for the same week were 38,031 bales and for 1883 they were 3 11,161 bales. i flit iHPIiWpiti % 1 Amount op Cotton in Sight April 2.5.—In the table below S we give the receipts from plantations in another form, and add to them the net overland movement to April 1, and also the takings by Southern spinners to the same date, so as to give substanti^ly the amount of cotton now in sight. s M ;- JO 1 O » M *- Is 00 1883-34. 1882-83. CD to cioicO'-' •- rcciV'^cswA^JM:'' eccocc:;«o«o«^w li 1881-S2. 1880-81. U ^ Receipts at the ports to Apr. 25 to 4,693,26^5,611,909 4,431,712 5,331,34.8 J* 3 Interior stocks on April 25 In Ci tOtO M >-' *» M t-i '^ A., «- ci c: -" nc cc Otoo'CC-'M^ ca >i o tc CO CO »o a rf»> :o c to excess of September 1 41,638 173,321 11-2,411 130,932 1-- 3-. 1 ^1 V'OfCCitoj^ V a 13 * y «^ c. — x^ c — ^ X iP"p c -I Mg I w b«wC);>--'*xMiO(r.cob*MboblotcioV.,-io Tot. receipts from plantat'ns si CO CiCCJ — ODii^ t- 00<* 4,731.904,5,785.230 4,544,153 5,538,330 10 >-• •- y> c;i o u< CC C o :c >F>> CO to o *» rf*- -1 09 00 CO » OS o ts ^ *. CO Net overland to April 1 o26.3^-'8 572,3-J4 391,473 452,089 Bouthem cousumpt'n to Api 11 236.OC0 210,001. 190,000 155,000 u to M 3. CO ^ au Total In slKht April 25 5,497,232(6,597.554 5,128,62616,145.419 o VcsNwffj i-iAUit^ Ci'd ^ CO CI 05 to to C:*(yi*-tO Ci-0*-0 to <1 iJ' ** t ; M to 00 It wlU be seen by the above that the decrease in amount in alafbt 5 w :;• *- at w to y» h- o;--J-^i^Oic:oc;iCio<)OJ*>'pt*c:OH-o:Ci to-nlKht, as compared with last year. Is 1,1<'0.32 J bains, the Increase aa t- OD witli 1881-82 Is bales, the to 00 compared 308,000 aud decrease from 1880-81 o ao 1- COM li o-M to TO Mto ^§cow coco 2 Is 018,187 bales. r- O CO 55 00 a> Vi^oiQocjo ©"b-lsi**' eccoai05M''JiQD Weathkb Reports by Telegraph.-The weather has been -J c;* 5: Si a r- M -i cncoa«ooc;«ccc£i^co. H'M*-o:i-''ic:ci O less favorable for crop purposes during the week. There lias Ijeen at many points too much rain, ami much lower tempera- .8 ow o: ture, wliich have to a certain extent delayeil farm work or CI "to 614 THE CHRONICLE. [Vol, XXXVm. but no serious damage has been done. The thermometer has but not a killing frost. The killing frost was confined to the ranged from 30 to 75, averaging 57. middle and northern sections of the State, still no serious dam- Huntsville, Texas. —We liave had a shower on one day of age has been done. The tliermometer has averaged 64, the the week, the rainfall reaching nineteen hundredths of an inch. highest being 77 and the lowest 43. The weather has been too cold, with light frost on two nights. Montgomery, Alabama.—It has rained on four days, and Some tender vegetation was slightly nipped, but there has been the balance of the week the weather lias been too cold. The no serious damage. Cotton planting progresses well. Average rainfall 'reached two inches and twelve hundredths. The thermometsr 59, highest 79, lowest 37. thennometer has averaged 66, ranging from 43 to 79. LuUng, Texas. —It has been showery on one day of the Selma, Alabama.—It has rained on three days of the week, week, the rainfall reaching three hundredths of an inch. The the rainfall reaching one incli and forty-six hundredths. The weatlier has been too cold, but no harm was done. The ther- weather has been too cold, but at the close of the week has mometer has averaged 61, the highest being 79 and the taken a favorable turn. The thermometer has ranged from lowest 40. 42 to 78, averaging 59. Brenham, Texas. —We have had showers on two days of Madison, Florida. —Telegram not received. the week, the rainfall reaching twenty-two hundredths of an Macon, Georgia. —We have had rain on four days of the inch. The weather has been too cold, but no serious damage week. The weather has been too cold for the season. The ther- has been done beyond the checking of growth. Prospects mometer has averaged 63, the highest being 80 and the lowest fair. The thermometer has averaged 62, ranging from 41 to 87, 44. Helton, Texas. —It has been showery on three days of the Columbus, Georgia. —It has rained on two days of the week, week, the rainfall reaching seventy hundredths of an inch. the rainfall reaching one inch and ninety-two hundredths. The weather has been too cold, with a light frost, but no seri- The weather has been cool all of the week, mth frost on ous damage has been done. Cotton planting makgs good Wednesday and Thursday nights, injuring cotton that was up. progress. The thermometer has ranged from 40 to 77, aver- Planting is generally two weeks beliind. The thermometer aging 57. has averaged .58, ranging 42 to 78. Weatherford, Texas. —We have had good showers on two Savannah, Georgia —It has rained on five days, and the days of the week, the rainfall reaching thirty-three hundredths remainder of the week has been cloudy. The rainfall reached of an inch. The weather lias been too cold, and we have had one inch and sixty-two hundredths. We are having too much one killing frost, but no serious damage has been done, as very rain, and the weather has been cold. The tliermometer has little was above ground to be hurt. Planting progresses well. ranged from 54 to 82, averaging 66. Average thermometer 59, highest 78 and lowest 36. Augusta, Georgia. —It has rained on six days of the week, Dallas, Texas. —It has rained hai-d on three days of the the rainfall reaching one inch and five hundredths. We are week, stopping work. The rainfall reached three inches and having too much rain, wliich, togetlier with the unseasonably eleven hundredths. The weather has been too cold, with con- cold spell, has retarded planting to a considerable degree. siderable frost on .one night, but it seems to have done no seri- Average thermometer 62, highest 79, lowest 49. ous damage. The thermometer has averaged 56, the liighest Atlanta, Georgia.—Telegram not received. being 78 and the lowest 37. Charleston, South Carolina. —It has rained on five days of TVew Orleans. Louisiana.—It has rained on two days of the the week, tlie rainfall reaching two inches and sixty-one hun- week, the rainfall reaching one inch and sixty-five hundredths. dredths. The themiometer lias averaged 62, ranging from 53 The thermometer has averaged 67. to 71. Shreveport, Louisiana. —The early part of the week was Columbia, South Carolina. —Telegram not received. cloudy, with rain, but the latter portion has been clear and The following statement we have also received by telegraph, fine. The rainfall reached two inches and twenty-four hun- showing the height of the rivers at the points named at 3 o'clock dredths. The cool weather has done no serious damage in this April 34, 1884, and April 36, 1883. section. Roads are in bad condition. The thermometer has '83. ranged from 40 to 83. Apr. 21, '84. Apr. 26, • Vioksburg, Mississippi.— It was showery on two days in Fett. Inch. Fetl. ItUik. the early part of the week, the rainfall reaching one inch and Wew Orleans Below high-water mark 1 7 1 2 fifty-three hundredths. The weather has been too cold. Memphis Above low-water mark. 31 2 32 10 Nashville Above low-water mark. It 9 29 9 in liills Planting the is about completed in this vicinity. The Shreveport Above low-water mark. 18 3 22 10 thermometer has ranged from 44 to 83. Vlokshurg Above low-water mark. 45 4 42 8 Meridian Mississippi. —We have had rain on three days of the week. We had a heavy frost on Thursday morning, which New Orleans reported below high-water mark of 1871 until will make replanting necessary in some districts on the bottom Sept. 9, 1874, when the zero of gauge was changed to high- lands. water mark of April 15 and 16, 1874, which is 6-lOths of a foot 1871, or 16 feet above low-water mark at that point. Greenville, Mississippi. —^^It has rained severely on tliree days above of the week, the rainfall reaching two inches and eighty hun- India Cotton Movement from all Ports. — We have dredths. The thermometer has ranged from 50 to 78, aver- re-aiTanged our India service so as to make our reports more aging 59. detailed and at the same time more accurate. We had found Columbus, Mississippi. five —We have had rain on days of it impossible to keep out of our figures, as cabled to us for the the week, the rainfall reaching four inches and twenty-eight ports other than Bombay, cargoes which proved only to be hundredths. Tlie weather has been too cold, but as the week shipments from one India port to another. The plan now closes there is a favorable change. followed relieves us from the danger of this inaccuracy and Little Rook, Arkansas.—We have had only one clear day keeps the totals correct. We first give the Bombay statement during the week. There has been rain on five days, with a for the week and year, bringing the figures down to April 34. rainfall of three inches and seventy-four hundredths. The BOMBAY RECEirXS AND 8IIIl".MENTS FOB FOUK YKAKS. thermometer has averaged 42, the highest being 65 and the lowest 40. thit toeek. Skipmenli nnce Jan. 1. Reeelplt. Shipments \ Pine Bluff, Arkansas.—It has rained on two days, and the rear Oreai Conti- Great Conti- Thit Strxt remainder of the Total. week has been cloudy. Tlie rainfall reached Brit'n. nent. Total. Britain nent, Week. Jan. 1 three inches and fifty-two hundredths. We have had a frost 351,000 G34,000' 38,000 868,000 but not a killing frost. The thermometer has averaged 49, 1884 33.000 41.O00l74,OOO 283.000 19,0001436.000 655.000 9.000 978,000 ranging from 37 to 60. 1883 4.000 •25,000i29,000|2 1882 8,000 31.000 39,000!405.000 270,000 735,000 8 2.000 991.000 Fort Smith, Arkansas.—It has rained on two days of the 1881;16.000 10,000!56.000iI39.000|267.000 406,000 67.000 634 OOO week, the rainfall reaching ninety-eight hundredths of an inch. According to the foregoing, Bombay appears to show an The thermometer has ranged from 31 to 74, averaging 54. increase compared with last year in the week's receipts, of Helena, Arkansas.— It has rained on three days of the week, 9,000 bales, and an increase in shipments of 45,000 bales, and and the weather lias been too told, but at the close of the week the sliipments since January 1 show a decrease of 31,000 bales. there is a favorable change. The rainfall reached three inches The movement at Calcutta, Madras and other India ports for and twenty hundredths. The river is falling slowly ; it is now the last reported week and since the 1st of January, for two three feet above danger line, overflowing about one-third of years, has been as follows, "Other ports" cover Ceylon, Tuti- the bottom lands. Average thermometer 53, highest 72 and Coconada. lowest 48. corin, Kurrachee and Monticello, Arkansas. Telegram not received. — Shipments for the week. Shipments since January 1. Newport, Arkansas.—Telegram not received. Menphis, Tennessee.—It has rained on every day of the Oreat Conti- Oreat Total. Britain. Continent. Total. week except Thureday, but the weather is now clear and Britain. nent. fleasant. The rainfall reached four Inches and ten hundredths, Calcutta— arm work on the uplands lias been delayed by the bad wea- 1884 6,000 4,000 10,000 78,000 29,000 107,000 ther. The river is two feet four inches below the danger line 1883 2,500 2,500 65,700 9,000 U4,70O falling Madras— and slowly. The thermometer has ranged from 41 '5 to 4,600 17,100 69 1884 2,000 4,600 6,600 12.500 '5, averaging 54. 1883 4,500 1,000 5,500 Nashville, Tennessee.—We have had rain on every day of All others— 3,000 16,500 the week, the rainfall reaching one inch and twenty-one hun- 1884 13,500 1883 4,000 2,000 6,000 dredths. Farm work has been suspended this week on account of the continuous rains, but at the close of the week there is a Total aU— favorable change in the weather. The cause for the large 1884 8,000 8,600 16,600 104,000 36,600 140,600 1983 2,500 2,500 64,200 12,000 76,200 receipts this week is that several hundred bales have been brought from points beyond our district for our local mills. The above totals for the week show that the movement from Average thermometer 55, liighest 71 and lowest 43. the ports other than Bombay is 14,100 bales more than same Mobile, Alabama.—It has rained severely on one day of the week last year. For the whole of India, therefore, the total week, and has been showery on one day, the rainfall reacjiing shipments since January 1, 1884, and for the corresponding ^wo laches and fifty-one hundredths. We have had a frost, periods of the two previous years, are as follows: : « . April 30. 1884. THE CHRONICLE. 516 XPORTS TO BUROPB rROM AM. IKDIA. MoHlhly TtOft BegtHHiHg ttpttmbtr I. 1884. 1888. 1882. KeeeifHe. Shtpmenig 1883 1883. 1881. 1880. 1879. 1878. to all liurop4 Thtt atnet Thit Binet MfUM Bept'mb'r 313.812 836,656 429,777 188,178 from— WMfe. Jan. I. tin4k. Jan. I. Jan. 1 883,013 988,818 October. 1,016,003 980,584 858,105 968,318 888,192 «89,3a4 Bombay 29,000 esfs.ooo 30.000' 71.000 031,000 735,000 ovemb'r 1,030,380 1,001,697 971,043 1,006,601 913,272 779,337 All oUi»r porta lU.UUO 1 lU.tlOO 2,800 76.200 r.,H0O| 1.^2.200 Oeoemb'r 1,059,653 1,113,530 996,807 1,020,802 956,164 893,661 Totol !)0.(i03 774,00') 31.&00 731,200 44,800 H87,200 Janokry . 487,729 752.827 187,727 671,701 617,110 618.737 rBbnury. 385,939 50S,.504 201.002 672,728 117,018 666.821 Tliin Iiu4t sLitctncnt iilTonla a very interesting comparison of Marob... 211,514 482,772 357,090 170,582 the total iiiKvtMiu-iit for tlio three years at all India ports. 361,013 308,95» TMalrear 4,505,118 5,345,670 1,290,610 Alexandria Recmits and Siiipments. —Tlirouj^li arrange- 5,075.110 1,180 813 1,110 519 P iro'tBKe of tot. port montA wo have mailo with Messrs. Davics, Benachi & C!o., of raeatuti March 3t. 89-80 90 39 Liverfxxil ami Alexamlria, we now recoiro a weekly cable of 8610 89-58 9310 the luovomenta of cotton at Alexandria, Egypt. Tlie following This statement shows that up to March 81 the receipts at th« are the rt-ceipts and shipinents for the past week and for the ports this year were 7U),mi bales leas than in 1883-83, and corresponding wt-ok of the previous two years. 804,478 bales more tlian at the same time in 1881-82. By a>lding to the alxive totals to Mar. 81 the daily receipts 8ini» that Ate*anitria, Kaupt, time, April 33. 1883-81. 1882-83. 1881-82 we shall be able to reach an exact comparison of the movement for the different years. Baoelpts (o»nt»r»*)— This week.... 3.000 3,000 .'.00 6 1883-84. 1882-83. 1881-82. 1880-81. 1879-80. 1878-79. 81noe eept. 1 2,622.000 2,233,000 2,800,720 Tot.Ur.31 ThU ainee Thit ainee Thit Binee 1,505,118 5,345,670 1.290,610 5,075,110 4,490,842 1,110,519 Apr. 1.... tettk. Bept. 1. vitek. 8^t. 1. week. Sept. 1 5,341 8. 6.612 15.51B 5,922 9,393 " 2.... 5,770 8,096 8. 10,003 . 8,298 5.570 Sxporta (bale«)— " To Liverpool 4.000 238,000 1,000 223,000 2,700 233,700 3.... 4,556 15,534 7,501 8. 6.521 6,785 " To Continent 4,000 121,000 1,0(10 79,000 163.871 1.... 8,873 12,239 0.772 23,210 8. 11,236 " 6 ... 6,155 13,597 7.018 13.035 8,237 5,191 Total Europe 8,000 359.000 2,000 302.000 2.700 397.571 - 6 ... S. 13,351 1.022 9,080 6,338 8. A cantitr Is 1>8 lbs. " 7 ... 6,300 15,310 9,512 13,656 6,243 10,317 Tliis statement shows that the receipts for the week ending " 8 ... 4,507 S. 4,170 11,912 5,264 0,222 April 3;5 were 3,000 cantars and the suipments to all Eurone " ^ 0.... 8.204 11.306 8. 9,079 4,717 6,310 8.000 bales. " 10.... 3,319 18,304 7,387 8. 5.1.56 6.963 Manchester Market.—Our report received from Manchester "11.... 6,628 7,506 6,990 13,867 8. 7,649 toniglit states that the market is quiet. We give the " 12... 2,782 9,434 3,791 11,621 0,905 6,885 prices of to- Comparative Port Receipts and Daily Crop Movejient. Total 22,715 5,833 3,312 50 2.350 1.108 35,898 —A comparison of the port movement by weeks is not accurate, Below we add the clearances this week of vessels carrying the as weeks in different years do not end on the same day of cotton from United States ports, bringing omr data down to the month. We have con.sequently a 516 THE CHRONICLE. [Vol. XXXVIII. For Barcelona—April 18—Bark Ainazone, 1,000. ... April 21—Bark Wednes., Apr 23. Thnrs., Apr. 21. Fri., A pr. 25. Sunrise, 1.000. For Genoa—April 21—Bark Ulcrainc, 615. For Vera Cruz- April 1!>— Steamer City of Jlexico, 8S7. Open High Low. CTo». Open High Low. C!os. Open High Low. CU>$. BAI.TIMORK—For Liverpool—April 21—ateamer.s Circassian, 1,3C0 ; d. Oramnore, 1,431. d. d. d. d. d. d. d. d. d. d. d. PHiLADELrHiA—For Liverpool—April IS—Steamer BritisU Crown, 2,400 April 6 13 6 13 6 12 6 12 6 12 6 12 811 8 11 6 10 6 10 8 10 8 10 April '22~Steamer Indiana, 1,70G. April-May.. 612 8 13 6 12 612 6 11 6 12 811 6 11 6 10 6!0 6 10 6 10 For Antwerp-April 22—Steamer Vaderlaud, 50. May-June.. 8 13 614 8 13 6 13 613 6 13 6 13 8 13 6 12 6 12 6 11 8U ' Below we give aU news received to date of disasters to vessels June-July.. 617 8 18 817 618 6 18 8 18 6 17 6 17 8 16 6 16 8 16 816 8 22 6 23 6 22 6 22 8 22 6 22 6 22 8 22 6 20 821 6 20 6 21 carrying cotton from United States ports, &c. July-Aug... 1 Auft.-Sept.. 8 23 8 27 6 26 6 26 6 27 8 27 6i6 6 £6 6 2B 6 25 6 25 6 29 Maeseille, steamer (Fr.), Kiiellan. from New Orleans, April 3, for Havre, September.. 8 28 6 29 6 28 6 28 6 29 6 29 6 28 6 29 6 27 6 27 8 27 6 27 Antwerp and ISordeaux, put into Bermuda on April 12 witli tbe ^ 24 23 8 23 8 24 6 23 24 6 22 6 23 8 22 cotton in two of tlie compartments on fire. The lire was com- 8ert.-Oot... 624 8 6 23 6 6 6 23 pletely extinguished on the morning of the 14th by the naval Oct.-Nov.... 613 813 8 12 6 12 6 12 6 12 811 6 11 authorities, tiie work having been Riven into tlieir charge by the Nov.- Dec... 6 09 6 08 6 08 608 6 03 6 03 6 07 8 07 ...... Marseille for master and underwriter's agents. The cargo of the Dec-Jan...... Havre consisted of 6,890 bales cotton, etc., for Antwerp, 200 bales Jan.-Feb . cotton, etc. About 50 bales of cotton were thrown overboard as they were broken out of the hold, and drifted ashore, and 400 bales of cotton were discharged into lighters and taken to the dockyard or places contiguous thereto. It will be necessary to break out about 300 bales more, so as to get at the grain in the bottom of BREADSTUFFS. the two cimiiartmcnts, as it Is badly damigeil by the water thrown survey naval olticers into the hold while the ship was at sea. A by Fkidat, p. M , April 25, 1884. was helil on the 16th, but their report is not yet known. ASI.VNA shiji (Br.), before reported, from New Orleans for Liverpool, at Flour has been in better demand and has advanced in Bermuda in distress. Tlie leaks in the bottom of ship Asiana had been (Tiscovcred and repaired by engineers on April 16, and she response to a rise in wheat. The statistical position remains would commence reloading her cargo on Ai)ril ITtli or Isth. essentially the same as heretofore, but the tone is generally follows: Cotton freights the past week have been as more cheerful. It is claimed that in some cases the prices curi-ent for some time past have been almost unremunerative. Satiir. Mon. r«e». Wediies. Thurt. Fri. To-day there was a very fair business at firm prices. Uverpool,steam d. H2'&'''ei' HiS-'u' 332®''ei* 332®''64* 532® 'C4* •>32 Wheat has shown a very marked advance, due almost solely Do Ball...(i to a fright among the shorts here and at the West and a large Havre, steam c. 38- %* %• 38* 38* 38' contracts. Tlie Do sail e. demand at times to cover export demand, Bremen, steam, .c. 38- 38* %' 38« 38- 38* moreover, has shown an impiovement, owing to firmer foreign Do sail c. markets; but although on one day the sales were large, the busi- Hambtirg, steam. c. ^16' ^16* ^le- hb^ Ht* 5l6* ness has since been greatly reduced by the firmness of holders. Do 8all...c. decrease the Amst'd'm, steam.c. 1333* 1333* "32* "32* "32* •332* The visible supply has shown some and weather Do BaU...c. at the West has not been quite so favorable as heretofore, but Eteval, steam c Jsa* W '32* 732* 7S2* the upward movement has been chiefly due, it is contended, Do sail e. to speculative manipulation. Within two days the bulls have Barcelona.steam.e. H9\' 58®?!* »8S^' »8»V 88®^' V put up prices 4 to 6}^ cents per bushel, and to-day it was re- Genoa, steam c la* H' Jfl* "a* Is* >3- jj. three short side of Irieste, steam ...c ^' V "a* ported that brokers on the the market had Antwerp, Btean]..c. He' ^18* »16* Big* "lO* »16' failed to respond to further calls for margins. To-day wheat ^ Compressed. on the spot advanced 3c. but the export trade was light at the Liverpool. cable from Liverpool, have the —By we following higher figures. Options, however, were active, excited and 3c. etatement of the week's sales, stocks, &c., at that port. We add previous weeks for comparison. to 33^0. higher. No. 3 red sold at $1 07%@|1 lO;^' for May, $1 09;34'@H 137^ for June, $1 OT^^®^! 10 for July and $1 07@ April I. Aiml 10 Ain-ll 18 $1 08 for August. No. 2 red closed at $1 10 in elevator, $1 10^ Sales of the week bales 77,000 6S,000 53,000 51,000 for May, $1 13,^8 for June, $1 08 for July, $1 07 for August and Of which exporters took 12,000 16,000 11,100 6,500 07'4 for September. This shows an advance for the Of which speculators took.. 10,000 8.800 3.SO0 3,500 |1 week flales American 50,000 39.000 31,000 35.000 of OijC. on the spot, 8c. for May and lljiO. for June. The rise Actual expoit 6,400 6,800 4,900 1,200 Forwarded 18,200 13.000 11,000 13,400 in the later deliveries is much less. stock -Estimated l,060,00t 1,049,000 Total 1,051,000 1.0C3.000 Indian corn has been only moderately active, as a rule, Of which American—Estlm'd 796,000 782,000 790,000 785,000 on Total import of the week 73,000 52,000 60.000 75.000 speculation, though on two days of the week a good business Of which American. .., 68,000 25,000 42,000 39,000 Amount afloat 262,000 248,000 215.000 212,000 took place, and prices, in response to an advance in wheat, Of which Amerioau. .. 143,000 121,000 110,000 83,000 have of late been higher. The export trade has been small, The tone of the Liverpool market for spots and futures each and in fact the interest, as a rule, has centered in wheat, and of the week ending April 2.5, the daily closing day and prices corn has been influenced bj- that cereal. To-day there was a of spot cotton, have been as follows: moderate business at an advance of 1 to 13>-^c. No. 2 mixed Saturday Monday. Tu'etday. Wednes. Thurtd'y. Friday. closed at 63i.^c. in elevator, OSpjO. for May, 63^.|'c. for June, aipot. 64c. for July and CSi^c. for August, showing an advance for Market, Quiet Quiet. Dull. but DuU. Dull. 3c. the spot Ic. 3c. for 12:30 P."5 steady. the week of on and to options. Mid Upl'ds 614 6 '4 63i8 63,9 Ghe 63,8 Rye and barley have been quiet. Oats have sold to a moder- Mid.Orl'ns 638 638 6^i« 6»ie ate extent, and latterly have advanced. To-day there was a Bales 10,000 10.000 10,000 10,000 10.000 8,000 Bpeo.& exp, 2,000 2,000 3,000 2,000 2,000 1,5C0 fractional rise. No. 3 mixed sold at 37}4@37^c. for May and for June. No. 3 mixed closed at for tulures. 37;''4@38J:^c. "' 37f8C. May Marke Dull ind B8)gc. for J and Steady. steady. Firmer. Dull. Quiet. ago. 12:30p,.U.\ easier. of a week Mjrket, The following are closing quotations Steady. Firm. Quiet. Steady. Quiet. 6 P. M. FLOUR. No. 2 spring.. .?? bW. $2 25* 2 60 ' Patents. winter $5 30» 6 75 The opening, highest, lowest and closing prices of futures at No. 2wmter 2 40* 2 90 City stopping extras. 5 00« 5 10 liiyerijool for eacli day of the week are given below. These 8ui)ertlne 2 80® 3 35 Southern bakers' and prices are on the basis of Uplands, Low Middling clause, unless Spring wheat extras.. 3 25 a 4 50 family brands 4 409 6 00 Minn, clear and stra't 4 25 » 5 75 South'n stlp'g extras 3 50 a 5 25 otherwise stated. Winter shipp'g extras. 3 35a 3 60 Rye flour, auperflne..3 40a 3 60 ^^Thepricea are given in pence and OUht, ihiu: 5 62 mean* 5 62-6 4rf. Winter clear and Com meal- atid 6 03 means 6 3-64(t. straight 4 25® 6 00 Western, AriMi, :i5, 1SS4.J THE CHRONICLE. 617 ntrlrv. goodH by large biiyerii, nnd dome fair ordorH for both for«'lgn /(rMl|'r> 1'- Jl'iiir. IDlMf. Com. Oalt. Av«, and (loiiioHlic fabrics were placed for fuliin; delivery, but mich Slili.lWVI" Ilui/i.rtO IIu BuMh.yitl» RuiltXiltif Uluh.iHIbt Bluh.tHMhi ciiHeM excpj)tii>nal. The loc.il jobbing trade wan only 4'^1.;IUII 47.410 wtro Ohloauo 71,0!t-l, lU.IIti 018.ai& 19,878 moderuto as a rule, but a fair busintHs wiis done by hoiiscii MllfnukM.. •W.47S ftS.OMt' il,6iu 4a.in7 tajioal I,(KM 6,' cater especiiilly for the wants of ytato nnd nearby T.'In.l.) 4n,r>iit 1)0,J7J 7,I-A)l] 00 that light and in (he dis- Di'ii.ll !m,'ii7 u.acn 3t,lH<) 18,«70 retailers. Southern irndo continues main I'.OOD 2P.755 8.080 appointing, but the aspect in the WiHt and KoulhweHt I* 173,3UU SJ.HOS 9.4UA hopes are now entertained that eu i.uui> . . «a,io< steadily improving, and a :i 10,100, 204,470 14,000 0.000 Ptorla. .. .. 107,523 fair aver,igu spring trade will be accompllHhcd in the latter Dululh sections ns well as fn the neardiy States. Tot. wk. "84 t8l.»IO «Ii.(KiO l.lOtl.183 tK>.-*,SOII 17«,in 2n,«03 L)i)Mi;.sTi<; CoTTo.N Goods,—The exports of cotton goodir Sam* wk. "83 (io,8;o 4m.8t.1 817.0«0 780.tlBJ iM.5i'a, 43.173 from this port for the week were 2,0.jO packages, including Brnm* wk. ttt 180,383 B08,Vli7 l,T38,aiU l,U0,3d3 l;«,7» 33,648 1,410 to Great Hritain, 188 to Mexico, 104 to Brazil, Si to Hayti, BlncaADg.l etc. There was a steady movement in jdain and colored cot- 1883 «,«».(m3' llO,n23,R(i5 81,0 II..SOI 47,a.'H.8-8 16.818 .'i7.-)' fllMn07 tons on account of back orders, but new business was .'i;i> fl."..li:ttH7(> 7 I.) 1 7,3.11 87.010.490! 14.1.10.3.'-" 3.(U2,i;«S 188S 7.271 restricted in volume as far as the package hoii.ses are con- 1881 i.a.iil .i;.HiiiiS'>ii' tH.7(ll Mm »7.7R1 .inn' Un,s7.M7« 3.iWl 676 .... s.iK) cerned, and the jobbing trade was strictly moderate. IJrown several ports for the Tlie exijort.s fniiu tho seaboanl week sheetings and drills were less active, but stocks have been omling April l!l, l*it, are shown in tho ariiio-icoJ statement: materially reduced of lata and prices remain firm. lilen' '' ' in lessened deinaml but firm, and wide sho jiz/>ortt goods were from — tlow. m«ai. Com. OaU. Ryt. Peat. and corset jeans continued in steady re<|U'.'8t. Kurtlier sales of cotton flannels were made for future delivery, but at Bblt. Biuh. HutK. Buah. BiuK. Biifh. prices Ijarely remunerative to the manufacturers. In colored New York .i!),l.'59 49!>.101 14li,Ofl5 3,28ft 70,530 1,224 Boston. .. S.t.O-tt ia;).20i 67.ft8l 410 cottons there was no movement of importance, and white Portland. 2.417 10,148 30.935 goods ruled fpiletin first hands. Print cloths were in moderate Moiitieil. demand and a trille easier, and there was an irregular den---^ Phllitaol,. 5.:tu isa.ois 21.000 fabiics Baltliu're 43S,58J 27ii.'j;is for print'd calicoes and lawns. Wash and gini.' M,Orl'ua 1,01 72,075 were fairly active with jobbers and in moderate requ. .i agents' hands. rotalWk. 110,312 600.107 3.729 70.030 41,153 1,313,073 There freer B'lBft ttUlP 'Domestic Woolen Goods.— was a movement 18s:i. ., i;i-.. .)!'.') -^ !•< 0S6.011 40.^ .t3.712 20..')03 in heavy clothing woolens on account of former orders, but new business failed to realize expectations. Tliere were 1 1.1 .). Li'^j e.'cporia ia as balow. We acid the late, their corroapaaJin,^ Pijrioi of last year for compariaon: more buyers in tbe market than of but purchases were mainly confined to small parcels of cassimeres, worsteds and overcoatings, an3 transactions were light in tlie aggre- gate. Satinets were in pretty good demand, and a more active bu'siness was done in K' ntucky jeans than for some time past, VVhite fl.annels were ordered with some freedom (for future di. livery), and there was a steady call for ladies' cloths, stock- inettes and Jersey cloths by manufacturing houses and job- bers. Worsted dress goods were in irregular demand, but some very fair orders for all-wool and cotton- warp cashmeres, beiges, etc , were placed for the fall trade. C.irpets ruled quiet in first hands, and tlie demand for hosiery and knit underwear was light and irregular. FoKEios Dry Goods.— There was a continuation of the light By aclilin>? thk week's movement to our previous totals we demand lately reported by importers, to far as se;isonable have tlie following statement of exports since Ssptember 1, goods are concerned, but some fair orders were booked for fall this season and last season * and winter fabrics to arrive. Summer silks were in moderate but the demand for black and colored silks was con- jnour. Wluat. Corn. request, fined to small re-assortments of medium and fine grades. KxvoTtt tince 1383*1. 1381^83. !883«1 1SS3^. 188S-S4. 1882-83. Dress goods were lightly dealt in, and the demand for other Stft. 1, to— Sept. 1 to Sept. 1 (0 Sept. 1 to Sept. 1 (0 Sept. 1 to Sept. 1 to imported fabrics was chiefly of a hand-to-mouth character. Alir. 1« Apr. 31. Apr. la. .ilpr. 21. Ally. 19. Apr. 21. Stocks are in fair condition, as a rule, but large quantities of Bbli. libit. Bush. Bush. Bush. BiuK hosiery, gloves and China mattings (which are seemingly in Dn. Klngaom 3.30S.a7iJ 4.5:!B.I>SI3 17,804.251 20.4 K933 18.2S2.149 20.550.761 over-supply) are seeking an outlet through the medium of the Continent ... <59.t>ll 882.313 11,235 354 22,770,131 0,228.00.1 3,710,670 auction rooms. 8.* C.Am... 449,600 464.B18 1,223 101.938 1 210.34;, 254.042 Iinportatlona of Pry Goo«l«. West Indlea. s;a.fl97 6:9.559 37,385 03.550 282.012 28;).2S7 Brtt, Cornlos sso.ana 8M2«» 8 010 7.806 115318 75.1-S8 Oth. coimtr'6 22 720 29,602 17,507 . 203,2C« 115,739 105,905 " M — Totxl 4.075.t»S 6..1.S7.a«* 2H.I!03lf9i) 52.5U«5."5 20 233,034 24.9S3,.W3 °2- '^ : Pi r*L 2 O . • • • e* §: ; Tlie visible supply of grain, comprising the stocks in granary '5 ; (&<;;• g: : : 3 at the principal points of accumulation at lake and seaboard iiii-i B , ; ; B Ijorts, and in transit by rail and water, April 19, 1884, was as : . . . . o follows ( • • (^ : : : : : i Wheal, Corn, Oalt, Barley, Bye, ri In $tore at— hiuth. bvih. buoh. bush. bngk. M «»5 M Kew York 2..5H2.0W S08.'.>IG1,4.',«.2«0 67.412 47.376 ODO » 1^ Ct.JO o*-i0't»3a C5 D -IW M tC A Dn uBoat (est.) 121.000 l'.U.4i>0 56,009 50.000 99.300 cs- C w» X i" c 1 J'<3 0rs Albany s.ono 2»,500 26,800 19,000 27.50(1 O; ato -1 - •- ^ c. C5 Buitalo 459,S50 (;0,157 07.185 12 Ohlcapo 10,237,5'i7 6,G)o.»:!9 817',(V70 149,ls)3 1,037,493 C;! I-* tc to X Do alluat l!)i;.275 1,154,2>1 18l,6UI 00 — — W Uilwaukee...... 1.4S!,2S4 12,830 2,877 322,i72 19,6'i7 wo** ~ — *. ^- i? C3 Doliitli 7a?,'.'58 I : w J- K W MUD go u u U» ^' C to M Toledo 1,522.020 1,232.()9;^ 3i'',oV6 56 Detroit oss.8?a 35.; 89 22,474 18 494 OS'We.KO HJ.OtlO 85.000 137.000 64.000 C*l3MtO>^ Bt. Jyonia --,.. 530,402 2,410.653 28.V06a' 10.758 5ii.6:7 00 o:cxci"fO Uinclnuatt 81,2:!0 25,430 23,9.'^l 7,733 9,314 Ci - 1 to rf» to 10 .- *. * Bo.^^toD 100 M -^ -« •C'-' 214,(31 123,229 22,393 w *. jL y" -• K«0 O Xoronto 197.512 124,505 MontreftI 2,'>3,12l 12,3-'l 5,095 12,735 32.848 MM MM Fhll.ndelpUla . .... 714.4»57 233,51» 80.278 cc"b .— -1 M 3i l-S 4 3' u'o c» — -• y '.s Peoria ., 7,869 5;).402 87,;; 10 277 H-C O3SX»-*i0 )h-tC 15 0.10 ladianapoUg , Q6,G00 27.900 15,600 I- »o to ^ KanBa« City 288,142 30.^.780 26,691 2,840 Ui-' C S CO -4 31 --1 io I- to :n X X :;• X Baltimore .^. 677,271 901,063 7,639 2,413 Down Miaslsslpp). 22'i.403 36.070 On rail...... , 907.550 401.074 65,878 185,485 >.m! ^ ^J> u Oaliike 78,783 2,000 CtOM«« 518 THE CHRONICLK [Vou xxxvn^- galtlm0tje '§n^nkzvs. W^tsUvn '§Knhtxs. ®0mmjetrcial ©arjflls. J.Wm. MIDDBNDOKF. Wm. B. Olitbr. JV. W. Harris & Co., Brinckerhoff, Turner Middendorf, Oliver & Co. BANKERS ANA BBOKKKS, INVESTMEKT BANKERS, & Co., (KBYSBU BUILDING), No 176 DEARBORN BTREET, No8. 23 & £5 GERMAN STREET, Manufacturers and Dealers In Box 397. BAL.TI]nORX:, JTID. CHICAGO, II.I<. Memfaera Baltimore Stock fizchange, COTTONSAILDUCK I}/^"\TT%C! state. County, City, Town, School, and Car Trust Bought Sold. DviN-UO, and And all kinds of Wilson, Colston & Co., The funding of entire Issues receives special atten* BANKERS AND BROKERS, tion. Write us If you wish to buy or sell. COTTON CANVAS, FELTING DUCK, CAB BAIiTimORB. COVERING, BAGGING. RAVENS DOCK, SAIL THE TWINES, 40., "ONTARIO" SEAMLESS INVESTMBNT and BOUTHBRN aKCDKlTlKS a specialty. BAGS, "AWNING STRIPES. Correspondeuoe BOlicited and Information fai- Texas Land & Mortgage Also, Agents nisbed. N. T. Correspondents—McKlm Brothers * Co. COMPANY LIMITED, UNITED STATES BUNTING CO. (OF liONDON, ENGLAND), A full supply, all Widths and Colors, always In stock Transact general Financial and Robert Garrett & Sons, a Agency Business In No. 109 Duane Street. the State of Texas and Europe. BANKERS, New York Correspondents: C. B. WELLESLBY, Blake Bbos. & Co., General Manager, No. 7 SOVXH SXBEET, Wall Street. Dallas, Texas. %nsxxvmict. BALTIIHORE, TRANSACT A GENERAL DOMESTIC AND Montana National Bank, The United States Life FOREIGN BANKING BUSINESS. HELENA, M. T. Insurance Co. M>0\XtUzVM ^(lUkZVB. DNITED STATES DEPOSITORY. IN THE CITT OF NE\¥ VORK, Capital, $250,000 (ORGANIZED IN 18S0.) Thos. P. Miller & Co., C. A. Broaswatsb, Prest. A. G. CLARKI,V.-Prest. 261, 263 & 263 Broadway, New York. E. Shakfe, Cashier. BANKERS, T. H. BROSNAN, President. mOBIIiE, AliABAIHA. C. P. Fra LEIGH, Sec'y. A. Wheelwright, Ass't Sec Special attention paid to collections, with prompt GEO. H. BURFORD, Actuary. remittances at current rates of exchange on day of ®omm«vjciaI ®ar^0. By an act of the Legislature of this State this Com- payment. Buy and sell State of Alabama and City pany's charter was so amended in 1882 that hereafter of Mobile Bonds. Correspondents.—Bank of the State of New York all the profits shall belong to the policy-holders ex- New York ; Louisiana National Bank, New Orleans clusively. Bank of T.iv«»rpool. Limited. Ltveroool. SAMUEL BUDD. Ail Policies henceforth issued are incontestable THE CITY BANK OF HOUSTON, for any cause after three years. CAPITAL, $500,000, Fine Custom Shirts our Specialty. Death Claiirs paid at once as soon as satisfactory proofs are received at the Home Oflftce. Houston, Texas. Over Twenty Years' experience war- Absolute security, combined with the largest liber- ality, assures the popularity and successof this Co. attention to collections al'. rants the assertion that our Dress We ffive special on All forms of Tontine Policies Issued. ao:e8sible points. DIRECTORS.—Benjamin A. Botts, Pres'tj F. A.Rice, Shirts are unequaled for style, appear C6MPABIS0N OF BCSIWESS FOB TWO YEARS. C. C. Baldwin, W. B. Botts, Rob't Brewster, S. K. 1882. 1883. Mcllhennv, B. F. Weems. ance and workmanship. We guar New Insurance Written. . . .12 800,000 00 t5,231,000 00 B. F. WEEMS, Cashier. BENJ. A. BOTTS.Pres't Insurance In force lfl.790,000 00 18,80B,000 00 antee in all cases a perfect fit. Assets 5,116,81446 5,268,212 48 W. T. Blackwkll. P. A. WitBT, Payments to policy-holders 459,679 46 475,928 98 SAIHIJEL. RVDD, Increase in new business written in 1883 over 1882, 87 per cent. Broadway & 24tli Street, New York. GOOD AGENTS, desiring to represent the Com- The Bank of Durham, §any. are Invited to address J. S. GAFFNEY, uperintendent of Agencies, at Home Office. DUBHAM, N. C, mARINE AND INLAND INSURANCE With ample means, and facilities excelled by no Joy, Lincoln & Motley, Bank in the State, invites correspondence and pays 8HCCBS80BB TO COMMERCIAL MUTUAL special attention to collections. E. R. mUDGE, SAWYER & CO., INSURANCE COm^ANY, B. BtTRRUSS, Prest. A. K. Walkkr, Cashier <3 45 White Street, IS Chadnckt Stkext, & 57 & 59 WILLIAM STREET, NEW YORK. NKW YORK. BOSTON. AGENTS FOB A S .S E T S . First National Bank, 00 Ocean mils Co., Atlantic Cotton mills, United States Securities t314,10B ISriLiniNGTON, N. C. Bank Stocks of New \'ork City Banks. . . . 116,420 80 Peabodjr Mills, Chicopee mts. Co., City and other Stocks and Bonds, Loans olleotlons made on all parts of the United Rti es llerton New mills, White IHfe. Co.. and Cash In Banks 285,007 15 Saratoga Vlctorr mie. Co., Premium Notes, Cash Piemlums, Rein- M^M. C. CouRTNKT. Pres. Ernest H. Pringle, Cash HoslerF and x arm mill». surance and other Claims 73,558 06 JBAIVK OF CHARLESTOIV, Total Assets, January 1 . 1884 $739,091 00 National Banking Association W.IRVING COMBS. President. Henrt D. KINO. Sec. Waiswkigut Hardie V.-P. CHARLESTON, S. C. Bliss, Fabyan & Co., tW This Company Issues Certtflcates ff Insurance, BFBCIAI, ATTBNTION QrVEN TO COLLECTIOVP. losses payable In LONDON, at its Bankers, Messrs. New York, Boston, Pliiladelphia, BROWN, SHIPLEY & CO. MERCHANTS' NATIONAL BANK, SELLING AGENTS FOR LEADING BRANDS VIKGINIA. THIRTY-FOURTH TEA R. RICHMOND, BROITN ic BLEACHED SHIRTINGS CoUscttons made on all Southern points on best terms; prompt returns. AND SHEETINGS, President. MANHATTAN JOHN P. BRANCH. PRINTS, DENIMS, TICKS. DUCKS, Ac. . John F. Glenn. Cash. Fred. H. Scott. Vice-Pres't Toivels, (tulltSjWlilto Goods ds Hosiery Life Insurance Company THOSIAS BRANCH & €0., Drills, Sheetings, apkil ae. 1884.J THE CHRONICLE. Vil liisttratice. ilttnmsltipB. iJiTottots. ONLV OFFICE OF TUE Direct Line to France. Robert Tannahill & Co., GENERAL TRANSATLANTIC CO. CotUin Commlwion MerehaiU, A T L A N T I C Between NKW VOKK and HAVRE, From Pier (now) 43 North lllrer foot of Morton PI. N*. «1 Stane Hireet, MEW Yi TniTeler- by tliU llno«T<)l UaTfo to I'arls. i Ist JitnuHiT, 1883, to Slst De- lluemu,-.- to Parta No. 10 Md Slip, New York. without exnmlnut ion Ht : itsenKera cember, 1S83 $4,168,953 10 hare the wme dullTerpii . Dock In New York, I'lor^a .N.irtli uiv- , ih.,i..i ..iurton St. Premiums ou Policies not marked at least two hours boforo the departure of a steamer JemiROB, Groce k C»., Galreston, TexM offlst JuDuar}-, 1683 1,530,282 63 LOUIS UK RBBIAN, Aseut, No. a nmvIInK (.reen Total Marino rremluma 93,708,185 63 Rountree & Co., Premiums marked off from 1st l^tXiscclUmcows. conaiissioN merchants, January, 1883, to Slst Decem- NO, 12 OLD SLIP, ber, 18S3 $1,260,428 93 NEW YORK, BAGGING. AND NORFOLK, VA. Loasea paid during the same H^ Special attention given to the ezecntlon of " orders for the purchaselurchase and " ~ period WARREN, JOKES tk. ORATZ, sale of Cotton. Oralm ._ $1,901,042 38 and Provisions tor>r future delivery. LlberutadvaDO ST. LOUIS, Mo. made on consignments. Betunis of Premiums and Ex- UaBufacturers' Agents for the sale of Jute n»irgt"gi penses $850,080 76 Fielding & Gwynn, liil'OBTSnS OF The Company has the following Assets, tIz.: IROIV United States ai d State of New COTTOW TIES. COTTON FACTORS York Stock. City, Bank and AKD otherStocks $8,666, 95 00 Bullard & Wheeler, Loans secured by Stocks and 119 IVAIDEN LANE, COMMISSION MERCHANTS otherni«e 1,956, 00 00 NEW YORK. Beal Ettate and Claims due the BAGOIlVCi AND IRON TIES, 16 dc 18 BzcbaoBV Plaoe. Company, estimated at 425,(00 00 (FOR BALING COTTONJ Premium Post BuiLDDto. Notes and Bills Eo- .^jients for the following brands of Jute Bagging, NEW roKK. celvaole I,588,'«6 79 •Kagle Mlll«,""Brooklyn crty.""GeorBla,""CarolTna," '.VBTlnBO,' "Union Star," "Salem," ''llorioon Mills,' Cash in Bank 335,;iQ 08 "Jersey .Mills" and "Dover Mills." Henry M. Taber & Co., IMPOKTKRS OF IRON TIBS. Amount $12,97 .312 47 OFFICE 141 PEARI. ST., NETT YORK. SIX PER COTTOIV. CENT INTEREST on the outstand-" CARPETS. Ing certificates of profits will be paid to the hold- Adyances made on ConslKnmenta of Cotton. COB- (xacts for I-'utare Dellverr of Cotton booght ers thereof, or their legal represen'ativcs, HOUSEKKEPWRS AND OCC0PANT8 OF OF- ut4 on old OP com \ sal FICES take notice. Before buying your m on. and after Tuesday, the carpets, Fifth of February next. Linoleum, Oilcloths, or Mattings, call at BEN DALL'S Misfit Carpet Store, 114 Fultoo St., basement floor. THE OUTSTANDING CERTIFICATES of Cbeapest place In New York. TuttTe^& WakefieldT the issue of IStS'wIH be redeemed and paid to COTTON the holders thereof, or their legal representa- Ajid General Commission Merchants, tives, on and after Tuesday, the Fifth of Feb $4 BeaTor St., New York. mary next, from which date all intereet thereon ORTGAGES Liberal advances made on cotton oonalgnmeat«. will cease. The certificates to be produced at The Kansas-Missouri Special attention given to orders for contracta for the time of payment and fntare delivery of cotton. canceled. Loan & Trust Co. A DIVIDEND OF FORTY PER CENT Is I WVANDOTTE, KAN.SAS, B. F. BABCOCK&CO. declared ou the net earned premiums of the M 49- CASH CAPITAL, S79.000.-«« COMMISSION Company, for the year ending 31st December, MERCHANTS, Negotiates only the inont drsirnblr loans, se. 1 T Water Street, 1883, for.which certificates will be Issued on cured by first Morti'nifu or Tnift iLed on Iin. LIVERPOOL, proved Fariim lu ICat^tt'rn Kjui-as Receive com-ignments of CoKon and other and after Tuesday, the Sixth of May next. ;m(l A\'e«tem Prodnoe, JUiWOnrl. Absolute NHl'itv nliil MiliNl'artion. ana execute orders at the KichanKes in Llversoi^^^ IntorestaniliTiiicii.aUoi: nttediriiAout Represented In New york at theufflce of By order of tl o Board. «xpf,;«ftoinvc«lori<. E\. i,ce. Loans BABCOCK BROTHERS A CO, neverexcec VIU THE CHRONICLE. IAkbil 26, 1884 aPottoM. ®att0tt. Cotton, W odward & Stillman, G. Schroeder & Co., MERCHANTS, SUCCESSORS TO IVARE & SCHROEDER, fukt Building, 16 & 18 Exchange Place INMAN,SWANN&Co COTTON COMMISSION MERCHANTS, NEW VORK. POST BVIIiDINC, W»- N8 ;)IADB ON ACCBPTABLK SBCUttlTIBS. COTTON MERCHANTS, 16 & 18 Exchange Place, New York. Jmh Advanca Made on Oontignmtnt*. Spocial attention paid to the execution of orders for the purchase SPBCIAL ATTBNTiON TO OBDEH8 FOB CONTRACTS or sale of contracts for future de- livery of cotton. Liberal advances made on con- »OB FUTUB DBLIVKKy OF COTTOS New York. signments. yOTTOH, ALL GRADES, SUITABLE TO WANTS OF SPINNERS, E. A. Kent Co., OFITKBED ON TERMS TO 90tT. & cojnmssioN kierohants IiCEHAN, Abraham & Co., lkhman, dcbb & Co New Orleans, La. Montgomery, Ala. Henry Hentz & Co., IN LEHMAN BRO'S, COMMISSION MERCHANTS, GRAIN, PROYISIONS AND COTTON, 8 Sonth W^lUIam St., New York. No. 89 BROAD STREET, KXBCCTB ORDERS FOR FUTURE DBLITBRT Cotton Factors Neiv Tork. AND COTTON POOLK, KENT & CO., E. A. KENT A CO., ooiamissioN mbrchants. at the NEW YORK, LIVERPOOL AND NEW OB CHICAGO. ST. LOUIS. No. 40 B^SCHANGB PLACE, LEANS COTTON EXCHANGES. Also orders for mXMBEBS OF THB COTTON, COFFEE ASI) PRODUCE EXOBANOES. COFFEE at the NEW YORK COFFBB EXCHANGE. 'gnsxxxmxct. Up-town office, No. 204 Church Street, COBBXSPONBENTS Kenr York. .Messrs. James Flnlay & Co., Liverpool, London and Orders executed at the Cotton Exchanges In New Uiasgow. York and Liverpool and advances made on Cotton Messrs. Smith, Edwards A Co., Cotton Broken and other produce consiKned to us, or to our corre- Liverpool. HOME • Messrs. Flnlay^ Mulr & Co., Calcutta and Bombay. spondent In Liverpool. Messrs. B. Newgass & Co , .Messrs. Samuel H. Buck & Co., New Orleans. and Messrs. L. Rosenheim & Sons. Insurance Company Wabbxn ewen, Jr. JOHN H. EWIN. AUBKD VON GtTNDELL. CHABLES MATHOFF OF NEir YOBK. Ewen Brothers, von Gundell & MayhofF, OFFICE 119 BROADWAY. COTTON BROKERS, COTTON BROKERS, CASH CAPITAL »8,000,000 00 Reserve for Unearned Premiums 2,497.634 00 Nos. 2 & 4 S rONE STREET, NEW YORK. Reserve for Unpaid Losses and Claims. 827377 04 Ifoa. 81 & 33 Broad Street, Net Surplus 1,667,240 07 NEW YORK. Cash Assets, Jan. 1, 1884 $7,492,751* VON GUNDEI.1^ & MAYHOFF, CHAS. J. MAKTIN, President. Sditatui C. Hopkins. Lucrns Hopkins Smttb. J. U. WASHBURN, Secretary. Chables D. Millbb. COTTON BUYERS, nEniPHIS, TENN. Hopkins, Dwight & Co., COTTON WM. MOHB. H. \V. UANEMANN. CLEMENS Fi ^ETNA COMMISSION MERCHANTS, Mohr, Hanemann & Co., Insurance Company No. 184 PEARL STREET, OF HARTFORD. 138 PEARL ST., 186 GRAVIERST. NEW YORK. Assets January 1, 1884 $9,192,643 80 Liabilities for unpaid OBUXBd for fcturb Contracts ezkcutbd ib New Yorlf. New Orleans, L«. losses New Yobk and Liverpool. and re-lnsuranoe fund l,923,lgS 9S Capital 4,000,000 00 Speuial Attention Given to the Execdtk» John C. Graham & Co., NET SURPLUS $3,269,467 85 BANKERS OF OUDEBS FOR FUTURE CONTRAOX8. AND No. 3 Cortlandt St., Now York. COTTON COMMISSION MERCHANTS, William H,Beede& Co. JAS. A. AliEXANDER, Asent. COTTON BROKERS, 'WlUlam Street, New York. No. 18 No 114 PEARL STREET. 8BLMA, ALA.; MONTGOMERY, ALA, Special attention given to orders for the baylnc North British tnaseUlngof Cotton for FtmiBE Delivery. Buyers of Cotton for a Commission. Orders for Fo tnre Contracts executed In New York and Liverpool Mercantile Ins. tdward H. Coates& Co. & Co. OB Gwathmey & Bless, BUCCESSOBS TO LONDON AND EDINBURGH. CI^AQHOBN HBRBING A COn COIHiniSSION MERCHANTS, United States COTTON COMMISSION MERCHANTS Board of Management, No. 123 PEARL ST., NEW YORK. No. 116 CHESTNUT STREET, NSW YORK: Orders for future delivery of Cotton executed Ix PHILADELPHIA. Solon Humphke ys. Ch'r'n, (E. D. Morgan & Co.) Raw York and Liverpool ; also for Grain and Pi» David Dows, Esq. (David Dows & Co.) rUlons In New York. E. P. Fabbri, Esq. Drexel, Morgan & Co.) Hon. 8. B. Chittenden Sawyer, Wallace & Co., Ezra White, Esq. Farrar & Jones, J. ASTOB, Esq. COMMISSION MERCHANTS, J CHAS. E. P. 133 PEARL STREET, NEW YORK. No. 18 RROADW^AY. WHITE, SAM. BLA6DEM Liberal advances made on cotton cc^slgnments. MANAOERS Liberal advances made on cotton conslfimxnenta Specltii attention given to orders for contracts for futurp 'lellvery of cotton. jpeelal attention given to orders for contracts foj Office, 54 W^llUam St., New York. EVRE, FARRAR & PRICE, rntore delivery of cotton In New York and Liverpool NORFOLK, VA. rpHE INTEREST OF IHR. ALRERT ^ KROIIN as special partner In the Arm of GEO. Dennis Perkins & Co., STAB BH censing this day by mutual consent, Mr. L/ommercial COTTON BROKERS, Alfred Uahmann is admitted to-day as general 125 Pearl Street, Neur York. partner. The undersigned will continue the cotton broker- orrt«>-8 for Spot Cotton and Futures prompt! executed. age and commission business with the same amount of capital under the style of LJnion Ins, o. OEO. JtiTABER & CO. G To Rent. All pending transactions are assumed by the new (OF LONDON.) firm. By permission wo continue to refer to M. B. Field- CALICO PRINT WORKS. ing. Ksti., President of the New Yorlc Cotton Ex- ALFRED PELL, change, 8. Gruner, K:5q.. Vlcc-I*resident of the New York Cotton Kxclia f.'t' ; S. Unrger, Esq.. of Messrs. Or will be IIK.NTED either for YARN, WARP Resident Manager. Fatman & Co.. New York : Messrs. Lehman Bros., CaMBUIC or other Dyeing Purposes. New Yorlit; Messrs. Knoop, Frerichs & Co., New York. New York April 1, lb84. Address " G RMAxroW.>i." GEO. STABER. No. 4-6 Pitie Street, P. O. Dran er 1592, Philadelphia, Pa. ALFRED HAHMANN.er(!entnge«. •• v ' '.Mld of retaliimn. C«l., on the 17ili Inst. " '' The First nnnk was This, it is understiKid. is the outgrowth f>f a feeli: iti.s- !ito a furreiu-y bunk iiihUt the provinloiiH nf Ael of faction with tin- manner in whicli some of the c ive < ilhorlicliiK the (iinverxlou'of National (iolil liankd,acific land grant incomes, per up money on the Stock Exchange, in order to affect the stock IJ^ cent; do. Rio Grande divi- sion firsts, Union Pacific market, and in the past week rates have once or twice touched 3}^; sinking fund, 1?^; Wabash general mortgage 6s, 6I4: per cent; Chicago 8 per cent, but only momentarily, and for the most of the & Atlantic seconds, t]4' Oregon Improvement firsts, 6; York tirne have ranged at IJ^ and 3. There is, however, less dispo- New West Shore & Buffalo 5s, 8%. sition to make time loans on stock collaterals, and there is no There was only a small business in State issues during more Z% per cent money offered, the prevailing rate being 4 the week, and prices were firm. per cent on dividend stocks for six months or less. Rates for mercantile discounts remain unchanged at 4 and 4J,^ for en- Railroad and Miscellaneous Stocks.-The stock market dorsed paper at 2 and 4 months, and 5 and ti% on single names. has been depressed during the week by the increasing exports The following table shows the changes from the previous of gold, the unsatisfactory condition of the coal trade and the week and a comparison with the two preceding years in the still unsettled relations of the roads in nearly all the railroad averages of the New York Clearing House banks. pools throughout the country. The sjxicial features that have exercised a depressing influence have been the large decrease 1384. \j)iffer'neei fr'ni 1883. 1882. in earnings of the Union Pacific in the firet quarter of the April 1 9. previmts week. April 21. April 22. year, and in the latter part of the week the rumors that the Loans ana dU. 1347.324.900 Dec .isi, 09(5,100 $310,807,000 $309,688,100 loans of the Reading on collateral of the 50,000 shares of Jersey Bpeole 60,750,4 00 Dec 3,113,800 5a,869,8)U 64,135.010 Central stock held for it had been called, and though these Clronlatlon... 14,463,^00 Inc. 123,900 16.496,3:)( 19,3(i(i,SO0 Net deposits 310,681, aOOinec. 3,6!)1.000 286.676.100 293,351.4 rumors were denied, their first effect to depress the market was Legal tenders. 26,981,5 lOllnc. 1,141,200 18,423,500 18,252,1C0 not overcome. On the whole, the stock market has been in a Legal reserve. $85,165,325 Doc. $922,750 $71,609,025 $73,337,850 weak and demoralized condition. The general public are not Beiervelield. 87,731,900 Deo. 1,972,600 72,293,300 82,387,400 largely interested in it, and the professional speculators and room-traders, to whom the dealings are largely confined, find Borplaa $2.56«..57.5iDec..tl,049.850 $624,27.') $9,049,550 it easier to depress than to advance prices. Canada Pacific has The Bank of England gained during the week to April 24 been weak on rumors that some of the officials of the road had £191,000 in gold, though the large shipments of specie that resigned, or were to resign, their positions. The St. Paul & have gone from the United States in the last week are expected Omaha stocks have been firm and higher on the large incre.ise to cause a heavier gain, soon. The Bank rate of discount in the company's earnings. Of the Gould stocks. Western remained unchanged, and the reserve was increased to 49 per Union has gravitated towards lower figures, but Missouri Pa- cent from 47J^ per cent a week before. The Bank of France cific has resisted further decline. I ...... - . S 1 1