:
JHE, liUMhV S««iJ!®r0njtle HUNT'S MERCHANTS' MAGAZINE
REPRESENTING THE COMMERCIAL AND INDUSTRIAL INTERESTS OF THE UNITED STATES
YOL. 31. NEW YORK, DECEMBER 4, 1880. NO. 806.
Financial. Financial. Fliiaaclal. Stuart Drexel, Morgan & Co., J. & J. & Co., WAIil. STREET, 88 NAStlAi; STREET. Phelps, Stokes & Co.j CGRNBR OF BROAD, NBW YORK. BILLS OF EXCHANOE Oil I. N. PHELPS, HITB, PAYNE tt SniTH'S, JAMEg STOKKS, Drexel k Co., Drexel, Harjes & O BAKKKR8, LONDON ANSON PHKLPS 8TOKE8, BANKERS, ; r. P. OLCOTT. No. 84 South Tbibd St.. SI Boulevard Haussmanii HANCHBSTBR * COUNTY BANK, •• LIMITED :" 4S & 47 Wall Street, New York. Pblladelpbla. Paris. MANCHESTER, PAYABLE IN LONDOK ; COmnERCIAL. CREDITS, DOMESTIC AND FORKIQN BANKBR8. ULSTER BANKINO CO.HPANT, Deposits received subject Becnnttes, Gold, In Dollars for use tn United States, Cuba, &c.. to Draft. Ac, bought and sold on Commission. Interest allovee BELFAST, IRELAND In Pounds Sterling, available in any part of the world* on Deposits. Foreign Kxchauf^e. Commercial Credits AND ON THX Cable Transfers. Circular Letters for Travelers, Also, TRAVELERS' CREDITS and vailable In all parts »f the world. NATIONAL BANK OF SCOTLAND, NOTES. EDINBDKO, AND BRANCHES! CIROVI.AR ATTOB'NBTS AKD AeBNTS OF ALSO. nieMrs. J. 8. noROAN & CO., :}ABLE TRANSFERS AND LBTTEBS OF CHKDR No. 88 OLD BROAD ST.. LONDON. Banque Brown Brothers & Co., K.noblauch No. S9 WALL ST., N. V., & Lichtenstein, Centrale Anversoise, BCY AND SELL BILLS OF RXCHAIVGE BANKERS, 39 Wlinam St., eor. Exchance Plaea. ON GREAT BRITAIN AND IRELAND, FRANCE, Antwe rp. GERMANY, BKLGIUM AND HOLLAND. NEW YORK. iUke Telegraphic Money Transfers. Issue Coinmerrlal and Travelerg' Credits Draw Bills of Exchange and lane Leaareoi < - Francs. IIf SIERLINO, Paid-Up Capital, 9,000,000 D all principal cities o- Europe. AVAILABLE IN ANY PART OF THE WORLD. SPECIAL PARTHEB, BOARD OF DIRECTORS And in Francs, in Martinique and Guadaloupe. DEUTSCHE BANK, BarilB. HIAKETEIiEClltAPIIIC TRANSFERS Fsux OSI8AB, President. AUBKD MiQDiifiT (Graff & Maqulnay), Vlce-Pre« OF nwNEir Geo. C. TH0HA8. JOR. M. SHOBVAKEB. J. B. Von dbb Bkckk (B. Von der Becke). Between this and other countries, through London Otto Gunthkr (Cornellie-Davld). and Paris. EMILK DK Gt TTAL. Make (Collections of Drafts drawn abroad on all Thomas & Shoemaker, .'rank. Model a Cle.) Ad. Frank ( points In the United States and Canada, and Aire. NoTTEB)HM (Nottebohm Freres). of Drafts drawn in the United States BANKERS AND STOCK BROKERS, Fb. Dhanis (MiclllelB-Loos). on Foreign Countries. Job. Dan. Fdubxann, Jb. (Job. Dan. Fubnnann). 134 Honth Third Sc, PIlILADELPniA. Louis Wbbkr (Ed. Weber * Cle.) Jt7X,B8 Kautknstbauoh (C. Scbmld & Cle.) - "sTG. & G. C. Ward, Dealers in all issues of United States Bondi^ InTestment Securities a speoialty. Correspondeno* aoknts fob TRANSACTS A invited and full Information uptmanancial sabjacts BI^OTHERS & COJtIPANY, furnished. GENBRAI. BANKING BUSINESS. BARING _^^_^ S3 WALL 8TRKBT. NEW YORK. Prest. J. J. Eddy Cashier. Wood & Davis, ABA P. POTIEB. 38 STATE STREET, BOSTON. Maverick National Bank, BANKERS AND BROKEBa». &W.Seligman&Co., 31 Pine Street, New York. J. BOSTOIV, GOVERNMENT BONDS. MUNICIPAL AND BANKERS, RAILROAD SECURITIES BOUGHT AND CAPITAL, ^400,000 SOLD ON COMMI.«SIO.N. SCRPI^VS, 400,000 59 EXCHANGE PLACE, CHOICE RAILROAD MORTOAGB BONDS FOR SALE. OOLLECrriONS a speclaltr. Business from Banks and Bankers solicited. CORNER BROAD STRKKT. ASW TOUK. C. D. WOOD. SAM'L D. DATIt. Satisfactory business paper discounted Cor- OtU>B respondence invited. Issne Letters of Credit for Trarelers, Charles Sbtor Hsnbt. W. BOWABS I.BVI8 H. Tatlor. Jr. LlNDLET HAIITES Payable In any par at Bnrope, Ana, AMea, AnstraU* Henry & Gilder,' and America. 82 BROADWAY, ROOM 10. L. H. Taylor & Co., Draw Bills of Bxckange and make telecraphle trans. Ion of money on Europe and CaliforBla. STOCKS. BONDS AND MISCELLANEOUS Bankers and Brokers, SECURITIES 140 SOUTH THIRD STREET, PHII.ADELPHIA. John Munroe & Co., BOUGHT AND SOLD ON COMMISSION. Members New York Mining Stock Exchange. D«pOBlt8 received subject to check at sight, and No. 8 Wall Street, Neiv York, interest allowed on daily balances. WM. L. BRBBSB, WW. P. SMTTK, SiockB, Bonds, &c., bought and sold on commiBSton No. 4 Poat Office Square, Boston. Members of New York Stock Exohaoga. in Philadelphia and other cities. PmrtioQlar attention ffiven to Information regard- CH£<)UBS AND CABLE TRANSFERS ON tng Inveetment Securities. Breese & Smith, mUNROE Sc CO., PARIS. BTSBLme CHEQUES AND BUXS AT SIXTY BROKERS, Lummis & Day, DAYS' BIGHT ON No. 39 BROAD STREET, NEW TOK^ Nm. 84 and 35 DREXBL BUILDING, Cor. WALL ALEXANDERS dc CO., LONDON. Stocks and all Inveatmaat and BROAD STREETS, Government Bonds, Secnrltles bought and sold on commission. BANKERS AND STOCK BROKERS. CiBODLAB Notes ahs CBBom fob Tbatblbb*. WIUJAH LUHHIS, HBNRT DAT, Members of New York Stock Exchange. HilmerSjMcGowan & Co Gvsrynne & Day, 1854.] No. 4S Wall StrM«, Hatch & Foote, BROKERS IN [EBteblUhed Transact a general banking and brofceraca bo^ Foreign Excliange, Stocks and Bonds, BANKERS, No. 13 WALiI. STREET, neaa In'BaUway Shares and Bond* and OovamBaa* BTTT Aim 8BIX 63 'Wall street. New York. seourtile*. allowed on ("eposlU. 60VBBNMENT BONDS, STOCKS AND MISCBL. paid to orders at the New York Intereslr Special attention oarafuUy attended to. I.AME0C8 SECUaiTIBS, Stock Exchange and New York Ulnlng Board. InveatmenU : ; ;
fi THE CHRONICLK [Vol. XXXL
Canadian Banks. Foreign Banker§. Financial. Merchants' Bank Nederlandsch Indische or Jesup, Paton & Co., Handel sbank, CANADA, AnSXERDAM, HOLLAND. BANKERS, $5,600,000 Paid Up. Capftal, BgTABLISHKD IN 1863. 52 WUllam Street, New Tork.
Vrwldent, the Hob. JOHN HAMILTON. Pald-rp Capital, 12,0011,000 Gnlldera Accounts ($4,800,000 Gold.) and Agency of Banks, Cori>or*(lons, Vloe-Presldent, JOHN MoLKNNAN, K8Q. Orms and Individuals received upon favorable terms. HEAD OFPIOE, MONXREAL. HB\D OFFICE IN AMSTERDAM. Dividends and Interest collected and remitted. Agencies lu Batarla, Soerabaya and Samarang Act as agents for corporations in paying eoapona Osneral Manager. •OBGB HAOUB. Correspondents in Padang. and dividends'; also as transfer agents. WM. J. INGRAM, AMt. Geoeral Manacer. Issue commercial credits, make advances on ship Bonds, stocks and securities bought and sold «a BANKBRS ments of staple merchandise, and transact othe< oommisston. ^ Sound railroad and mONDON, BNG.—The Clydowlale Banking Comp'j. business of a financial character in connection with manlcipal bonds negotiated. BW YORK-The Bank of New York. N. B. A. he trade with the Dutch East Indies. Sterling exchange bought and sold. Drafts oa York Agency burs and sells Sterling Bx- Qnion Bank of London. The New &. •hanse. Cable Transfers, issues Credits avatlaDle in BLAKE BROXHBRS CO., M parts of the world, makes collections in Canada AOBNTS POR North America, John 8. Kknnbdy. J. KKicmDT Tod. Mid elsewhere, and issues Drafts payable at any of tbe ofBces of the bank in Canada. Demand Drafts 18 WALL STREET, NEW YORK, Issued payable In Scotland and Ireland, and every S. Kennedy & Co., description of foreign banking business undertaken. 88 STATE STREET, BOSTON J. Hew York Agency, 48 Excbanee-place, Bankers aud Merchants, ^«'''* Nederlandsche No. 63 WILLIAM JOHN B. HARRJS JB.. i STRKKT, New York. Bank of Montreal. Handel-Maatschappij, BUY AND SELL The Netherland Tradings Society RAILROAD INVESTMENT SBOVBITISS - $12,000,000, Gold. CAPITAL, OF BOLL AN D, CohLSCT Coupons aud DiTiDniDg SVRPLUS, - 6,000,000, Gold. KSTABLI8KD 18S84. NEGOTIATE LOANS AND DRAW BILLS Of EXCHANGE ON LONDON OEOKQE STEPHEN, President. Paid-up Capital, 36,000,000 Florins. ($14,400,000, Oold.) All business relating to the Constntotlon and C. F. SMITHERS, General Manager. Execute orders for the purchase or sale of Merchan Equipment of Railroads undertaken. dlse. Bonds, Stocks, and other securities. In the NEW YORK OFFICE, United States, Europe and the East ; make Collections 59 61 IVAIiL. SiXREET. buy and sell Foreign Exchange, and glye advances R. T. Wilson & Co., Hos. & upon Merchandise for Export. WATSON.) WALTER Agents...ront. OLIVER S. CARTER, 1 Agents BANKERS AND COMMISSION MERCHANTS, ALEX'R LANO, ( STANTON BLAKE. f for 2 Excliange Cionrt, N tw ITork. HENRY E. HAWLEY, ) America Bay and sell Sterling Bichange, Francs and Cable Dxw York, January 1, 1S79. Transfers grant Commercial and Travelers' Credits ; Office, 142 Pearl Street Nenr Vork. Mills, Robeson & Smith, vrallable In any part of the world ; Issue drafts on And make collections In Chieago and threughont Adolph Boissevain & < iO, BANKERS, ftke Dominion of Canada. BANKERS No. 34 Wall Street, New York. Iiondon Offlee, No. 9 BircblB Lane. ANU Buy and sell on Commission all Securities dealt in at the Stock Exchanges of New York, Boston, AGENCY OF THE comin issioN itierchan.s Philadelphia and San Francisco. Also, future options in Grain and ProTlslons at AMSTERDAM, HOLLAND Produce Exchanges of New York and Chicago. Ba n k Allow N. T. Correspondents.—Messrs. BLAKE BROS. A CC interest upon deposits subject to oheok OF at sight. Receive accounts of Banks, Merchants and British North America, Hong Kong & Shanghai others upon favorable terms. No. S2 WALI. SXREEX. BANKING CORPORATION. CAPITAL (paid-up) tS.OOO.OOe Kidder, BB8BKVB FUND 1,600,000 Peabody & Co., Buy and sell Sterling Exchange and Cable Trans- HEAD OFFICE, HONO KONO. fers. Issue demand drafts on Scotland and Ireland, BOSTON, MASS., The Corporation grant Drafts, Issue also on Canada, British Columbia, Portland, Oregon, Letters of Credit for use of Travelers, and negotiate or collect Cor. Wall and Nassau Sts., York. Ban Francisco and Chicago. Bills payable at Bombay, Calcutta, Singapore, Saigon New Bills collected and other banking business trans- Manila, Hong Kong, Foochow, Amoy, Ningpo, Shanghai, Uankow, Yokohama, Hlogo, San D. A. Francis- FOREIGN BICKERS. Uted. McTAVISH, } Agents.»...., co and London. W. I/AWSON, S ^ — A. in. TO\rNSEND, Agent, 59 \faU St. CABLE TRANSFERS, BILLS OF EXCHANGK Imperial Bank of Canada AND Calilornia Banks. COMMEKCIAL AKD TKAVELERS' CllBOrTS. Capital, $1,000,000.
a. 8. HOWLAND, President ; D. &. WILKIE, Cashier The Nevada Bank CORRESPONDENTS; HEAD OFFICE, TORONTO. OF BARING BROTHERS <& CO., Londoa. SAN FRANCISCO. BBAXOHR8 : FERIER FRERES •& CO., Paris. New York Agency, 62 Wall St. BT. CATHARIKES, PORT COLBORNK, ST. THOMAS IUENDEL8S0HN it CO., Berlin. DTGKRSOLL, WKLLAND. DDNNVILLE, FERGUS. SURPLUS, INVESTED IN U. S. BONDS, Dealers fn American Currency and Sterling Exchange* $4,000,000 GOLD. Edwakd Lapsley, D. SEYMOITK WnXABO, Members N. Y. Stock Exchange. Agents In LoBdoB : | Agents In New Tork: GEORGE li. BRANDER, Agent. Oyrits W. Fibld, Jr. Cyrus W. field. BOSANQXTET, SALT & CC, BaNK OF MONTRKAL, Special. 93 Lombard street. | 59 Wall street. ISSUES Commercial and Travelers' Credits, avail- Promptest attention paid to collections payable in able in any part of the world. Draws Exchange, any part of Canada. Foreign and Inland, and makes Transfers of Money Lapsley, Field & Co., Approved Canadian business paper, payable in gold by Telegraph and Cable. or currency, dlst^ounted on reasonable terms, and TUB STOCK BROKERS, proceeds remitted to any part of the United States by gold or currency draft on New York. No. 15 BROAD STREET, Anglo-Californian Bank New Ifork. Financial. (LIMITED). LONDON, Head Office, 3 Angel Conn. Trask & Francis, SAN FRANCISCO Office. 422 California St. A. H. Brown & Co., BROKERS, ^EW VORK Agents, J. & W. Seligman & Co. BANKERS AND BANKERS AND BROKERS, St., BOSXON Correspond'ts, Massachusetts N. B'k. 70 Broadiray & 1 5 New Neir rork. T.H^aU St., Cor. New, New Vork. ALSO, Authorized Capital, - • $6,000,000. Cor. & James St., N. INVESTMENT SBC0RITIE8. maiden Lane ALBANY, T Paid np and Reserve, - 1,700,000. Transact a General Bankine Business. Special attention to business of country ban^s. STOCKS and BONDS Bought and Sold on Cole- Transact a general banking business. Issue Com. mission, and carried on Maryins. Deposits received and Interest Allowed. merclal credits and Bills of Exchange, available In all parts of the world. Collections and orders for Bonds, Stocks, etc., executed upon the most favor- John F. Zebley, able terms. FRED'K F. Jr., LOW, !«.„»„„."anaeers. IGNATX 8TEINHART. J - P. N. LILIBNTHAL, Cashier. BANKER AND BROKER, 5 BROAD ST., NEW TORK, No. 25IPlne:Street, New^ York. J H. Latham & Co., (DKEXEL BtJILDINO) Purchase and sell, on Commission, GOVERNMENT, Dealer In Investment Secnrltiea. SrATE, MUNICIPAL and KAILROAD BOND^ INVESTMENT SECURITIES, and STOCKS, and all clasaes of Securities dealt in Orders executed at the Stock and Mining BxcliAngefl. City, at the NEW YORK STOCK KXCHANUE, or all N3w York Chicago, Cincinnati, St. reputable Securities bought and sold in the OPEN liOuia, Uii«trict of Coiumbia, and Special attention given to Defaulted Railroad and MARKET. LOANS and COMMERCIAL PAPER Government iSecuritieH. Municipal Securities of Illinois, Kanaafl, Miuoort, Begotiated.. Interest paid on <>EPOSITS subject to FOREIGN •heclc. EXCHANGE. Iowa and Nebraska. ^ WILLIAM B. HATCH. 52 WILLIAM STREET. Correspondence solicited and fnll infonxuiUoa THOUAS H. BOUDEN atm FRANK JENKINS J. H. LATHAM. r. W. PSBRT. given on all classes of bondi and steak*. :
Dechmbkr 1880. 4, J THE CHHONICLK itt Financial. Financial. F^umeUUr BONDS OF SVRETVSIIIP FIDELITY 6CABANTEE BUNDS For Officers and Employee* of Bank ARE ISSUED BY TUB Dominion of Canada. and UallwHya. FIDELITY A. CASUALTY CO. TUB riMAMCTAL No Bank on Railhoad Emplotke Need ask bis OF HEW AIWOCIATIOM OF ONTASIO FHUCMUS to nKCOHE OK CONTINUE Hl8 YORK, is In a position gl'IIKTlBS, A8 THE to fBmUh larastor* vlth oko4M la. inI''?h'J"jH''^!?'*"J'""'° United StU«iiusrent« I*"""" l>.,lain(t p.-fliloni. vestment sMuritlas. eanfaiiy Canada Guarantee Co. !.«?..,nir-"?'''''.'' "i of MtoeUd. ylaMlac *• from 8U to ' ''/.'^''AN SEVKN AND hi^i Jhl:^ ' KK 111 lieu „l i> iH.r,.,n.l A-BALr PXB CWTT GRANTS BONDS OF ffKCUHITY KoK ALL '0'<"'"-1 for th« faithful per- f,?™^:^™'^''/.".''"^"?.'" per ucam. 8p«iiai attention — BLIGIBLK MKN IN atj<;il POSITIONS AT A "' employoM In >ll pualtluDi (tvea to ^rrr o f TKIKLIMi CHAUUK PEU ANNUM. truSt from the Full Information United Slates. Correapondeaec This company's Suretyslitp Is accepted by many o«n be obtKinod^t tbe office. IW MlMH«d. of the principal U. 9. Itutlroud Conip»nies and some Tke Financial Aaaoclalloa of of tlie Itiiiilts. In Cunadu its Honds are iiuw almost Wm. M. HiciiAnns. Presldnnl. Ontario, unlTersalty required by the (Juvernments, Banks, LYUAN W. BHIOG8, Vlce-Proald«nt. Kallways, and Couiniercial Institutions. JOHN M. Chank. Secretarj. LONDON, CANADA. Tub Canaua Guau.antkk Comtanv Istheonlv •-""'AKnaTAUK.UenefcuWAiiiiMTAUK, General „,„„ ^„„ _, — Aswii. BDWABD LI RUBY, Company on the American Continent that has DiRKCTORft-fleorKe T H„pe, a. B.- Iiuii.lull. O.5..u.o. Maaaclac DlrMtor. sueccsBTully conducted this business,—a result of which Is that It has boon able to establish a Bontut Oco. S. Coc, r 8.T. Strnnuh»n.(.'harle» Uennlii, VvS COL<»lt.iI)0. BTStera for those who have been 3 or nmre years on ^""" "• »»'" ^^"" «^- the books, w ..ereby the subsequent premiums are B;ii'iS!rB';,i-!.it'{eiir„'"' 8 TO 9 PEK CFAT .tIOKT<;A<;E BONOS annually reduced.— f/te reduction this year U fnym 15 ON IMI'KOVEU DKNVKU i4> 36 prr cent on thf usuaJ RBAI, BHTATa. rate. ESTABLISHED AbnndRnt The advantages of transacllnjr business with this security. Also local Investneat iMaM.'•"""• are it Company that is a well-established Institu- 1804. "?? V.'^f?!',! , BAKKEaS, W^ANTED t Sheldon Wadsworth, Toledo Logansport & Burlington Bonds. Ko. 42 BROADWAY, NEW YORK. & Union A Iiogansport Bonds. 10 IVALL Rome Watertown A Ogdensburg Bonds. But and sell STREET, Investment Securities for cash or on Second Avenue Railroad Bonds and Stock. If THE CHRONKJLE. Vol. Xiil Financial. Financial. Financial. PACIFIC RR. 04>]n> THE H.MO.'V St. Paul Minneapolis PA.NY OnAHA BRIDGE BONDS. & PANAMA CANAL. In accordance with the proviBlona of the abore Manitoba Railway Co., bonda, we, the uDdomigned, hereby give notice that the following numbers—viz.: (DAKOTA EXTENSIONS,) "THE UNIVERSAL COMPANY," 141 11 eSO e» 373 B3 2001 24U7 3880 121M MS 14ltil 1018 396 050 1039 First Mortgage 6 Per Cent Gold Bonds. FOR THE CONSTRUCTION OF AN INTER. 9114 ITSM see 3 1417 1SU5 344 1009 OCEANIC CANAL THKOUGH THE ISTHMUS 378 34*8 453 S07 600 1^67 743 1SS6 Due Nov. 1, 1910. Interest payable Ist May and OF 1571 lfS54 1583 1502 763 2201 2013 142 1st November. Secured at the rate ot $13,000 per PANAMA, UNIJER THE PRESIDENCY 8la 1478 850 1768 693 737 1587 1289 AND M ANAGEMENT OF 1782 2392 1047 3B3 20«2 1994 13U4 310 mile on completed and equipped road. 1899 383 855 134 1701 1762 162 66 Full particulars on application. M. FERDINAND DK L,ESSEP8, $76 567 13u2 638 5U9 424 2'^68 2238 IsHue Price, 104 Per Cent and Interest. wore this day designated by lot In our presence to PRESIDENT OF THE SUEZ CANAL COM be redeemed, toKt-ther with the premtum thereon, PANY, AND WI I H THE PATRONAGE as provided In r-uld bondn.at tno London & San FOR SALE BY AND Francisco Bank. Limited. No. 22 old Broad Street, ASSISTANCE OF THE PRINCIPAL BANKS I-ondon, K. C. Knifland. or at the oflice of Drexel, J. 8, KENNISDY ic CO., AND BANKERS OF MorK»n & Co., In the CUT or New York, on the first EUROPE AND AMERICA. day of April, 1881. No. 63 WILLIAM bTREKT. I 8 !« IT New York, November SO, 1880. E J PI BPONT MORGAN,)™ , lr»»tee«. OF 590,000 SHARES OF 500 FRANCS KLI8K V ATKINS, i EACH KUI3TO P. KABBKI. To Investors. According to terms of orsanization deposited of Drexel, Morgan & Co. witli Mr. Cliampetler Attest The NEW YORK & NKW JERSEY RIPARIAN de Kibes, Notary Publie David W. Price, LAND AND HOUK IMPROVEMENT CO., CAPI- In Paris, the [L. 8.) Notary Public (74), TAL. TWO MILMON I)(>LLARS. divided into New York County. shares of TWKNTY-KIVK DOLLARS each, offer a PANAMA CANAL COMPANY limited amount of their working capital stock for sale on very favorable terms. will be organized with a capital ot 300 rpHE INTEREST ON THE FOLIiOWING This company ontrol a lurge frontage on the miUion>> Is payable .it Banking of Messrs New L Bonds the House Jersey side of Bay, of francs, consisting of LANIER Co.. corner of Nassau and New York adjoining the Now WISSLOW. * Jersey Central RailroiiH, and are Cedar Streets. New York City, on and after Decern- about to dredge 600,000 shares of 500 francs. out a Ship Canal, liOO feet wide, SB feet deep, run- ber 1. 1880: ning out 3,500 feet into New York 10,000 shares have been Clnclniiatl Richmond * Fort Wayne Railroad— Bav toward the reserved, according Narrows; thereby creating a new outlet to the First MortKago 73. to terms of organization, for the original gran- Mineral Range Railroad- ocean for the produce of the Great West and South- west. They also are to create upward of 100 tees, in consideration First Mortgage 83, acres for expenses incurred and Montpelier, Indiana of solid ground cut in the Bay, upon which tiruin Elevators. Warehouses and factory grants ceded by them to M. Ferdinand do Lea School House 88. buildings, can bo erected. Pittsburg F<.rt Wayne Chicago Railway- eeps, the remaining 590,000 shares being & importance of this enterprise of- Fust mortguye 7s. The to the commer- cial and munufacturing ii.terests of fered for public subscription. Second mortgage 7s. New York and Portsmouth, Ohio New Jersey, as well as m the (rrowing Western country, can well be understood Municipal Hs. by those who are Conditions of the Subscription. Richland, Indiana- seeking .safe investments, if they avail themselves of the opportunity to be thoroughly Township 8s. informed by THE SUBSCRIPTION PRICE IS PAR, 500- caJlingatthe ofiBce of the Scioto Vallev Hallway above-named company. francs per share, payable as follows: 64 and 60 Broadwa . The few thousand shares of Kqulpnicnt Trust 8s. francs . stock now on the miirkc^ can be obtained through 20 ($ 80) on subeci ipticu. December 10, 1880. the EXECUTIVE COMMITTEE, or through any 100 francs on allotment to be made within Hancock, Indiana- Banker or Broker of Wail Street, who can com- thirty days from date of emission. County 6s. municate with said committee. The remaining :i7o francs will be sublect to ELISllA W. ANDREWS, President. call as may be deemed necessary by the Council EW YORK, DECEMBER ad, 1880- Thos. 1a. James. Treiisurer. N- of Administration, notice of which will be pub- The STANDARD CONSOLIDATED MINING lished at least three months in advance. No COMPANY to-day declared its regular monthly such call, however, can be made before the ex- dividend of SBVK.VTY-HVKCBXT.-l PKR8HAHK: pirationof one yeartrom the date of subscrin- also an EXTRA DIViDKND OF SEVIiNTY-FI VB Bankers llon. CKNTS PER ^HAKF; both payable on the 13th After payment of 250 francs the Inst., at the Nevada Bank, 82 Wall AND shares can Street. The be exchanged for bonds, transfer-books close on the 6th Inst. by the consent of the M. R. COOK, Vice-President. stocliholders at a geue.al meeting. The owner of each twenty shares will be en- rkFFICE OF THE CHICAGO &: NORTH- Stock Brokers titled to one vo e in tbe general meetings. Interest '-'WKSTKRN RAILWAY COMPANY, No. 52 at the ra.e of five per cent on all sums paid in will street. York, December be paid during the progress ot Wall New 3, 1880. are requested to notice below the Con- the work. A Quarterly Dlvldenii of ONE AND THREE- Eiuhty per cent of the net earnings will be QUARTERS PER CENT on the Preferred Stock. tents of the hand-book, in pamphlet form, distributed to the shareuolders according to the and a Dividend of THREE PER CENT on the terms of orjjtanization. Common stock of this Company will be paid at this which will be issued from the Chronicle The requirements for official quotation will be fnltlUed soon after the office on and after December 28tb Inst, organization of the com- to Stock- Office early in January. pany. holders of record at the closing of the transfer books. The transfer books will close on the 11th The title of this little book is THE PUBLIC SUBSCRIPTION will be opened Inst, and re-open on December 30th Inst. in EUROPE and AMERICA M. L. SYKBS, Treasurer. HIGHEST AND LOWEST PRICES on the 7th, 8th and 9th of December, 1880. The disirihutiou of shares subscribed will be Kountze Brothers, AT THB made pro rata of the tot.il i-ubacriptlons, with- out distiuclicm f natioULility. BANKERS, The following privileged subscriptions are not Stock Exchanges, subject to reduot.uii: 130 Broad tvay (Equitable Baiidlnij;), First—Ti.e Kliarulmlders and delegates of the New York, Boston, Philadelphia. Suez Canal Company have the privilege of sub- NEW YORK. scribing to one Panama share for each share or delegation of ihe Suez Carnal C..mi)any. Second— The oiii^inal subscrihurs to the Pan- It is issued only to LETTERS OF CREDIT Bankers and Brok- anm Ca-'al Company have the privilege of sub- sciibing for th.-ae Pa ama AND ers, shares in proportion with their name handsomely printed to their former sul)»Gription. CIRCVI. In order to avail tliemsi ives of this right, th« AR NOT£S on the cover, and is sold to them in lots privileged subscribers, on paying the nrst 25 Issued for the use of travelers In frame, should presen their ouez Bonds of 25 and upward. No single or their all parts of the world. copies are cenifltati s pro\ ing their i.riginal Panama Sub- Bills drawn on the Union Bank of London sold by the Publishers. 8crix)tion to the respective Banking Houses. Telegraphic transfers made to London and to various places In the United States, The Contents of the pamphlet will be Subscriptions will be received in PARIS br Deposits received subject to check at sight, and in- the as follows: terest allowed on balances. CoMP.VGNiE Universklle Du Cakal De Suez, COMl'TOIR D'ESCOMITK, Govemment and other bonds and investment se- IT. S. SOCIETE DE DE1'0T.S ET DE COMPTE8 curities bought and sold on commission. 1. Govemment Bonds- ConRAHTS, SOCIETB Gesehale Polr le Dkv e loppemkkt Monthly Bange for Twenty-one Years, DL" Commerce etdeL'Ini ustrie en Fbaxce C. Chew, Banque i>e Paris et des Pais-Bas, J. 1860-1880. Credit Lyonnais. No. 7 WALL STREET, NEW YORK. Societe Fina.nciere de Paris, TEXAS RAILWAYS, a. RaUroad Bondi In New York- BaNVUE D'ESCOMl'TE DE PARIS, and at all the ottices of their branches and In- B4»NDS, LANDS, &:c. Monthly Bange for Fire Years—1876-80. land and Foreign Correspondents. Desirable Texas Securitiee for Investment con Also in England. Germany. Belgium, Hol- stantly on Uac6 3. Railroad Stacks in Jiew York- land, Austria. Hungary, Italy, Russia, Spain, Portugal, Switzerland, Ueumark. Sweden. Nor- S. C. WALCOTT & CO., Monthly Bange for Ten Y'ears—1871-80. way, Turkey and Egypt, at tha special house* BAN designated. KERS, 4. Railroad Stocks in Bo§ton— THE COUNCIL OF ADMINISTRATION HAS No. 42 Broad Street, APPOLN'TED A SPECIAL COMMITTEE IN Transact a Generiil liunkinK Business, buy and sell Monthly Bange for Five Years—1876-80. AMERICA TO REPRESENT THE COMPANY on commission all securities dealt in at the New IN THIS EMISSION. York. Philadelphia and Boston Stock Exchanges 5.^ Railroad Stocks in Plilfpliia— either for cash ur on margin. UNDER THE AUTHORITY SO GIVEN, Special attention THE UNDERSIGNED WILL RECEIVE SUB- given to MiniriK stocks. Monthly Bange for Five Years Jos. C. Walcott, Frank F. Dickinson. —1876-80. SCRIPTIONS BY MAIL AND TELEGRAPH. Members N Y. Stock and Mining Exchanges 6. Dividends on RR. Stock*— ntessrs. DREXEL, RIORGAN <& CO., New York, Boston, All kind* of MlSSOUMl and ILLINOIS DE> Philadelphia—For J. & W. .SELIGMAN REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATKa. [Entered, according to act of Congress, In the year l)y Wm. B. 1880, Daha h Co., In the office of the Librarian of Congreu, Wachlocton, D. C.) VOL. ai. SATURDAY, DE< EMBER 4, 1880. NO. 806. CONTENTS, to nearly the highest point of the year, the foreign exchange market THE f'HRONICLB. was demoralized, and stocks declined. The Financial Situation 5 file cover is and that £500,000 would be shipped from Loudon, but X^" A neat furnished at 50 ceuts ; postage on the same is 18 cents. Volumes btmnd for subscribers at $1 20. A complete set of the COM.UEKCIAL AND FINANCIAL CHKoNIOLE—July, 1805, to date—Or there is as yet no actual confirmation of either of these Hunt's Mebcuants' M.agazing, 1839 to 1871, can be obtained at the oflice. reports, although we have news of the export of £365,000 on Wednesday and £202,000 Friday. The last THE FINANCIAL SITUATION. return of the Bank of England shows a loss of £1,000,- The past week has illustrated very forcibly the 000 bullion. The latest mail advices say that gold has strength and weakness of the situation in "Wall street, been withdrawn from the Bank not only for export to about which we have so often remarked. A severe the United States, but also to Egypt. It is possible, contest has been in progress between very dear money therefore, that a portion of the amount withdrawn this and continued favorable railroad earnings. Considering week may have been for shipment to Egypt and not to the extreme ptringency which has prevailed, the market, this port. although of course lower, has shown remarkable steadi- The natural effect of the great activity in money here ness. is seen in the decreased outflow of gold to the West The final strain which produced the unusual activity and South, and the arrivals to a moderate extent from in money was the non-arrival of the European steam- near by points. Up to Thursday eveuing, the shipments ers, bearing about two and a-half millions of gold. from the gold repository of the associatetl banks to the Operators in stocks took advantage of this fact, and by interior amounted to only $ 1, 70 J,000, agiinst an aver- artificial means addtd to the force of the natural causes age of about $2,600,000 for the sine time of the previoos which have so long been restricting the loanable funds two weeks. The rate of exchange at B >8ton on New at this centre. As a censequence, money was pushed up York was reversed on Monday, and on Thursday brought .. : : 570 IHE CHRONICLE. [Vou XXXI. 40 cents preminm. As a result, currency and gold have necessity for changes in our national banking law, mak- ing to some extent, as stated above, arrived from that point among other things the issue of notes by banks profit- and also from other cities in close proximity to us. Still, able. Our argument was (1) that some kind of paper cur- relief for the present from rency is necessary that bank notes there is no such promised ; (2) are the only cur- either of these sources to put it out of the power of rency which can be made to meet the trade requirements • operators in stocks to manipulate the money market if (3) that under the present system the amount outstanding BO disposed. was decreasing monthly, notwithstanding the extreme during demand for it now that The comparative firmness of the stock market ; (4) the reason for this decrease first-class investment was its unprofitableness that this severe test, and especially ; (5) therefore an amendment properties, shows that existing prices are not so largely to the law was an obvious necessity, to give the system the speculative as many believed, but are based on increased power to accommodate itself to the activities of the coun- earning capacity. Etch succeeding week only confirms try. A correspondent in the following letter attempts to this feeling. Thirty-five roads reporting for the third controvert our main statement of fact, and therefore to week of November exhibit an increase in earnings in the impeach our conclusion. aggregate of 21^ per cent. This is somewhat smaller Mr. Editor than the percentage for the first two weeks, but an Dear Sir—I like the most of your article on bank currency much, it examination of the table will briug out the fact that but seems to me you are a little fast when you say- bank issues are unprofitable. That yon have made an nearly all the Southern roads included in the list report error a very few figures will show yon. Take even the present price a decrease this week. Tbe most notable instances are the of the four per cents as a basis of the calculation. Iron Mountain, the Missouri Kansas & Texas, the Hous- One hundred tliousand dollars in 4 per cents cost $115,000 Central, ihe ton & Texas and Memphis & Charleston. Even 6 per cent interest on the investment would bo only $6,900 But instead of that the bank gets reason for this is that in the sections drained The by these On the $100,000 of 4 per cents $1,000 On the $90,000 circulation on same, Bay 6 per roads there have been very heavy rains of late, followed cent.. 5,400 by frosty weather, which has rendered the wagon roads Total Income 9,400 Profit to the bank (if you take off the tax) in many sections well nigh impassable, and seriously on each $100,000. . . $2,500 The frogs of are interfered with the fr«e movement of cotton to market. Egypt not a circumstance to the prolific spawning which your recommendation would produce. Yours The decreased movement was reflected the last two truly. B. weeks in our table of cotton receipts at the principal We are tke more ready to notice the above because it interior points. Below is our table for the third week. gives expression to a popular error. And where there CROm EARNINQS TinRD WEEK OF NOTEMBEB. ia a popular error there is always a basis of truth. In this 1880. 1879. Increatt. Deereate. case, for instance, it is a fact, as set out above, that banks $ $ do get what is called double interest on their note issues. Bnrl. Oedar Rapids A Northern 4*706 38,315 6,391 186,0^2 1 89,257 Stop at that point in the investigation, gnd the argument is Chicago A Kaetorn lUinoia 32,545 21,364 11,181 Chicngo & Grand Trunk*.. 32,122 13,140 18,982 unanswerable ; there should be no relief from the tax. In n^oaco Milwaukee A. St. Paul.. 337,000 250,737 86,263 OlUcago St.Paul Minn.& Omaha 42,823 34,567 8,256 truth, if that were the whole problem, it might be an Clnclunati A 8i>ringfleld 25,789 20,219 5,570 Clev. Col. Cin. & Imlianapolig.. 101,504 87,457 14,047 absurdity to grant more than one per cent interest on the Cleveland Mt. Vemon Del... A 7,577 7,843 266 deposited bonds. But 80,977 31,110 49,867 such a view ignores every obligation Des MoineB A Fort Dodge 8,698 4,675 4,023 and charge the bank assumes, in its relations to the Detroit Lanaint; A Nortliern. . 25,566 24,109 1,457 Dubuque A Sioux City .... 25,690 20 774 4,916 Government and people requirements which change the Flint A Pore Marquette 35,042 27.417 7,625 — or Canada* Grand Trunk 230,236 199,045 31,191 above profit into a loss. Oreat Western of Canadat 109,088 100,731 8,357 47,396 46,501 892 Our correspondent would have suspected all this and HouBton A Texas Central 102,697 112,235 9,548 25,228 12,078 13,150 have been less satisfied with his conclusion if he had not Ixtuigville A N.-vehvlUe 218,000 160,099 57,901 MempbiB A Charleaton 35 915 41,195 ' 5;286 for the moment lost sight of the circumstance that in MisBouri Kansas A Texas 61.915 94,457 12,512 Northern Paoiflc (East'u Div.).. 60,300 46,665 13,835 spite of the immense profit his figures show and of the OgdensburK A I.ake Champlain 11,656 8,684 2,972 Paduoiih A Elizabethtown 8,186 8,597 411 great want there is for currency today, bank notes are Paducftb A Memphis 4 427 5 261 837 Peoria Decatur A Evausville.. 8,597 2!825 "5,772 steadily decreasing. We rested on that fact in our previous Bt.LouiB Alton AT.H.(main line) 24,855 21.,60i 3,253 Do do (hranchef). 16,890 11,935 4,955 article, because it is such a conclusive answer to claims St. LouiB Iron Mt. A Southeru . 152,100 181,589 29,189 81. Louis A Ban Fraucisco 63,639 45,601 18,038 like the above, and repeat now the table we gave then, as 8t. Paul AgiouxCity 35,031 25,483 9,548 8t. Paul Minn. A Manitoba 65,227 56,591 8,636 it seems not to have impressed sufficiently this one at least Scioto Valley 6,311 6,257 54 of our readers. following is Wabash St. Loals A Paclflc 283,366 191;481 91,885 The the statement as made up from the Comptroller's monthly reports of the bank Total 2,577,201 2,119,902 515,642 58,343 Net incre.ise (21-57 jwreeut).. 457,299 notes outstanding on the first of each month. * Week ended Nov. 20. t Week ended Nov. 19. TOTAL NATIONAL BANK NOTES OUTSTANDING. Some of the above roads complain that they cannot get enough cars to accommodate all the traffic offered Date. Amount. them. Formerly, when there was a considerable stock Dec. 1, 1880. $342,.'564,676 Nov. 1,1880., 342,578,162 of idle cars, it was an easy matter to get additional Oct. 1,1880. 342.579.833 equipment when needed, Sept. 1,1880., 342,728,018 and to return it as soon as the Aug. 1,1880. 312.810,772 pressure was over. Now there July 1,1880.. 343,157,9,37 are no idle cars, and Junel, 1880., 343.836.-243 many roads, May 1, 1880.. 344.930,650 especially the smaller ones, suffer in con- sequence. That the large percentages of increase should This shows a loss of about 2^ millions during the last be maintained in spite of these drawbacks is a very seven months; and what is more significant, the de- favorable feature, and, as already said, is an element of crease his been a steadily continuing one. Can any great strength in the situation. person suggest a reason for such a constant contrac- BANK tion, except unprofitableness? All other influences at CURRENCY DECREASING. present operating would induce an expansion of bank cur- To one of our conclusions, in the remarks we made two rency. And to throw away a valuable and profitable weeks since with regard to bank currency, there seems to franchise when so much needed, would argue that the- be some exception taken. We showed, as we thought, the managers of these institutions have not only lost their Dbcembkr 4, 1880.] THE CHRONKJLK 671 shrewdness, but have actually become imbecile. Does not OVERLAND MOVKUENT TO DEVEUBEB 1, 1880. this circumstance, then, seem to furnish pretty conclusive As the year progresses the rail shipment* continue, as evidence of the truth of our assertion, that banknote circu- usual, to increase in volunte, but the grou total for the lation has lost its profitableness, and in many localities the three months is still below the total for the umo months of money can be put to a more profitable use? the previous season. At St. Louis the falling off has been To specify in figures every item which helps to turn our very decided—a change which has occasioned conaiderabI« critic's favorable balance into an unfavorable balance, is surprise and no little discussion. It is, however, aa aeemfl no easy matter. Some of the items are plain enough. In to us, a point admitting of easy explanation. In the first addition to the 1 per cent tax on the circulation (less ^ per place, last year's larger movement there, was in good part cent on the capital which would be collected if not invested due to the yellow fever epidemic which prevailed at in Government bonds) is first the interest on the deposit Memphis all through October, and even checked the more- (5 per cent of the circulation) required to be kept at ment to Memphis, more or less, in November. St Lotus this larger still in the case we probably received the benefit "Washington ; would be main of the diversion thus proposed, of a more thorough system of redemption at the caused. This year Memphis is very naturally recovering business centres. Next are express charges and expenses her usual trade, and hence it will be noticed that her of the redemption bureau, which the issuing banks are receipts are materially larger; so much larger, in fact, thst required to pay in proportion to their circulation, and this up to December 1 the total arrivals at St. Louia and has generally been estimated at J per cent. Still another Memphis together are about 330,000 bales, against 390,000 considerable item should be allowed for clerk hire in doing bales last year, or a decrease in the aggregate movement the extra work incident to these constant transfers of the of only 60,000 bales, although St. Louis alone shows » circulation, &c. Another item is the loss of interest on the falling off in receipts for same time of about 1 19,000 bales. difference between the 90 per cent of circulation and the The remaining difference may be accounted for in part by the fact that the Southwestern crop, especially price of the bonds ; in the case supposed (bonds bought at and that 115) this must be calculated on $25,000 for every $90,000 of Texas, was last season so much earlier than it of circulation. Of course 4 per cent, up to the face of the was this season, and in part, also, as we have hereafter bond8,,would be secured, but no bank could exist long if it stated, to changed railroad facilities. For these reasons had much of its capital locked up at 4 per cent and less, there would -appear to be very little in the lighter move- while it was paying 3 per cent local taxes. In theory, a ment at St. Louis, up to this lime, affording evidence of » commercial bank has all its funds paid in and again loaned permanent impairment of the importance of that market. out every 90 days, and it is in great part this activity, this The other changed features of the rail shipments are the compounding of interest, which enables it to meet these arrivals over the Cincinnati Southern Railroad and the heavy charges. somewhat smaller movement through Louisville. The But in addition to the foregoing, a further and very im- details of the whole amount forwarded overland up to portant consideration., is the fact that bonds now selling December 1, this year and last year, are as follows. at 115 may hereafter decline permanently in value, so as OVERLAND rROM 8KPTKXBER 1 TO DKCRMBBB 1. to produce an actual loss of capital of one, two, or more • 1880. 1879. per cent. This is by no means an improbable suppo- Since Sept. 1 thipped— sition. English consols are now selling above par. Every From 8t. Louis 115.620 190.844 first-class security commands a price far above that of 21.610 23,698 Over Cairo Sc Vincennes 22,500 31,82$ period. This is not wholly a natural state. any former Over the Mis«ia8ippl Kiver, above St. Louli 76,762 61,428 Th« world's industries have for a long time been inactive. Over £van8viUe & Terr© Haute 2,200 2,090 Idle capital is, therefore, for the time being, very abund- Over JeffeTBonviUo Madisou & TndlanapoUa 39,599 43,603 ant and seeking only the best securities for investment. Over Ohio A, MlMissippl Branch 25,144 27,111 18362 21,004 But when the w^orld's commercial machinery is once more Receipts at Cincinnati by Ohio Kiver 6,331 13,225 fully in action, new enterprises will spring up on every Keoeipt« at Cincinnati by Cincinnati Southern.... 20,992 497 hand, securities will increase in number, modes of invest- 133 Shipped to mills, not included al>ove 3,606 3,444 ment be multiplied, and the competition for consols and gov Total &T0B8 overland 352,723 406,408 ernment securities will be less active. A wise banker will Deiltiet— possibility, probability, and consider this may we not say Kccolpts overland at New York, Boston, io..... 86,841 120,443 8,526 2,408 provide against such a contingency ; especially when the Shipments inland {not olheneite dtduettd) ftom— profit of his circulation is, even at the best, such a ques- Galveston 312 tionable item. In view, then, of all these considerations New Orleans 1,009 4,271 Mobile ; 23,293 29,373 and others we might mention, is it any wonder that Savannah 230 bank notes should not be on the increase, although cur- 1.499 1,876 rency is in such active demand ? Virginia ports 3.308 3,591 Total to be deducted 121.988 158,301 COTTON CONSUMPTION AND OVERLAND Leaving; total net overland 930.735 248.107 MOVEMENT TO DECEMBER 1. From the foregoing it is to be noticed that, although the We present our readers to-day with a detailed statement toUd rail shipments are, as before stated, considerably less of the overland movement to December 1 and spinners' than last season, the net movement direct to the mills does takings and consumption during the same period. All not differ very materially. This is an important fact, as these figures (except a few nearer points that have reached it reveals the nature of, and in part the reason for, the us by mail) are received by telegraph; consequently, this change in gross overland shipments. For it proves that review gives us the cotton movement over every route the decrease has not been caused from a decreased dispo- complete up to "Wednesday of this week. Having pro- sition among spinners to supply themselves through this cured, also, the necessary returns, we are able to-day to route—probably the cheapest, as not requiring trans-ship- add the important feature of weights of bales and pounds ment, and therefore the favorite route for most of them; marketed during the first quarter of tha season. but that a check has come, by railroads making Norfolk, . 1 . 572 THE CHRONICLE. [Vol. XXZI. •Charleston and Savannah more favorable ports through receipts for the two seasons, we have sought to obtain the which shipments can be made, especially for a genet al' mar. weights for the first quarter of the year. Of course the ket or for export. Changes in railroad arrangements are only perfect comparison would be with the same months always taking place, and during the past year there has of last year, but we have not obtained those figures, as wa been special activity in this particular in the South, as for found, at some points, it would now be quite difficult to do instance through the Louisville & Nashville combination. so. We have, however, secured figures for this year, This cause then, together with the others we have noted which are given below. The New Orleans telegram has above, will fully account for the variations in the volume failed to reach us, as stated above, so we estimate the of this movement. average weight at that point. RECEIPTS, EXPORTS AND SPINNERS' TAKINGS. Tear ports, weekly statements have Receipts at tUo as the Ending Three Months Ending Dec. 1, 1880. indicated, show a further increase this mouth. The feature Sept. 1, 1879. of special importance is the continued larger movement receipts foreign through the Atlantic ports. The total and Kuinher of Weight in Arerage Average Hales. •shipments since September 1st, together with stock at the Founds. Weight. Weight. close of last month, are given in the following table. Texas 271,722 139,243,938 512-45 602-34 Louisiana 531,039 265,544,500 50000* 46200 Motemenlfram Exported since Sept. 1, 1880, to— 164.037 84,315,018 514'00 Refeipte 497-93 Sept. 1, 1880 Stocks since Sept. 479,862 230,271,380 479 87 to December Oreat Conti- Dee. 1. 1880. France. Total. 1, 1880. 1, Brila in.' nent. South Carolina... 374,808 176,534,568 47100 458-90 Virginia . 442,289 211,856,431 47900 405-78 Galveston 264.139 65,298 11,819 27,286 104,403 93,084 North Carolina. . 82,649 455-81 7,.=.83 38.845,030 47000 New Orleans.. 531,039 217.439 114,430 65,278 397,147 252.476 Tennessee, &e 345, .576 174,170,304 504 00 470-50 Mobile 164,037 16,398 1,063 17,461 35,467 Florida 8.545 Total 2,692,032 1 1,320,781,169 490-62 47300 Saranuah 467,47 10'<,457 7,358 64,756 180,571 149,297 Estimated. 3,843 eiiarloston 344,797 79.568 26,323 46,748 146,63') 126,313 t Including Florida. .SO.Oll 4.400 14,579 6,856 Pt. Royal,&c. 10,179 This shows the remarkable fact that the weights thus WilmiiiRton . . 74,809 21,868 '"i',444 3,869 27,181 28,264 Moreli'd C, Receipts at the ports lo December I bales. 2,433.297 2,164,407 1880. 1879. 1878. Net shipments overland during same time 230.735 248,107 Total receipts bales. 2,664,032 2,412,514 Cott'n Print- .Sheet- Cott'n Print- Sheet- Co'Vn Print- Sheet- Southern consumption since September 1 28,000 21,000 NOVEMBEK. tow ing ings, tow ings, louj ing ings, mid- 'Sloths. stand- m id- cloths^ stand- mid- clolns, stand- Total to December 1 bales. 2,692,033 2,433,514 dling. OlJ-64 ard. dling. 04J-64 ard dling. 64jr64 ard. 3I4 The increase in the quantity marketed during the first 1.. 103i« iH 8 9% 71s 3I4 7I3 2.. Holi day . S. 8. S. 9% two crop months of 1880 is thus found to be 258,518 3.. 1012 4^8 8 414 8 S. 8. 8. 4.. lOLj 439 8 .noli dav . 9'io 31.1 713 8I4 bales. To determine the portion which has gone into the 5.. 10^! 438 3 11^6 414 . Uoli day .. 6., 101a 433 8 Ills 414 8I4 91,6 314 7% hands of Northern spinners during the same period, we 7., 8. S. B. 11% 414 8I4 9'l6 3H 7I9 8., lOia 438 8 III4 414 8I4 9 314 7% have prepared the following. 9. lOifl ih 8 S. 8. 8. 9 314 7<« 10. 101,6 iH 8 11°16 414 8I4 S. S. S. Total receipts to December 1, 18rO, as above bales. 2,692,032 11., IOI3 IH 8 111-3 414 8I4 9 314 71a Stock on hand commencement of year (Sept. 1,>1880)— 12. lOV 4ie 8 119,8 4I3 8% 9 314 713 At Northern ports 60,109 13. 101a 419 8 111*1, 41« 8I4 i"l6 314 7ifl 8i4 314 At Southern port^ 77,310-137,419 14. 3. 8. S. 1115,, 41.J 9'l6 71s 15. IOI3 4% 11131, 4>a 8I4 »'l6 314 7i» Providence, Northern . At Ac, Interior markets . 3,999— 141,418 16. IOI9 4% 8. S. 8. 91,8 314 7% 17. 1OI3 4I8 8 1113,, 41a 81a S. 8. S. Total supply to December 1, 1880 2,633,450 18. 109i8 4»i« 8 1115k 49ip, 8% 9% 314 71a 3I4 Of this supply there has been exported 19. 109l6 4-iis 8 1115,5 4*8 8% 9% 713 20. 10=8 8 11^8 4=8 81a ills 338 71a to foreign ports since Sept. 1, 1880 .. 1,280.074 43is 21. S. 8. 8. 1113 4^ 8% 91,6 338 71a I«B8 foreign cotton included 8I3 1,281—1,278,793 '22. IOI61 43l8 8 U13i6 4% 9hc 338 71a Sent to Canada direct from West 3,196 23. loisje 43l6 8 s. 8. 8. 9'l6 338 713 4I4 1113 8I2 Burnt North and South 3,988 24. lUis 8 4% S. 8. 8. .Holi . 338 Stock on hand e'd of month (Deo. 1, 1880)— day U13{8 413i6 81a 91,0 71a 26. I19l6 1°16 8 12% 413,,. 8% 9 338 71a AtNorthern ports 160.903 7i« At Southern ports 747,125—908,028 27. ll^io 8 .Holi day . 9 338 S. 4i3i, ,.HoU day .. At Providence, &.C., Northern interior markets.. 13,161-2,207,166 28. S. 123,6 8% 29. n»i6 4% 8 12318 4131. 8I2 a-'a 338 71a 30. 43$ 8 8'8 338 71a Total takings by spinners since September 1, 1880. 626,284 119l8 Taken by Southern spluucrs 28,0cl0 The above prices are-For cotton, low mid lling upland at New York; Taken by Northern spinners since September 1. 1880 598 "84 for printing cloths, m vnufacturers' prices ; for sheetings, agents' prices, Taken by Northern spinners .' same time in 1879. 638!27l which are auljject to an average discount of 5 per ceut. Decrease in takings by Northern spinners this year. bales. 39,987 It will be noticed by the above that prices of goods did The above shows that Northern spinners, although they not during the month advance with the rise in cotton. have continued during late weeks to make purchases very Printing cloths closed the month at 4|c. (and since then freely, have not come up to the figures of last year. Their have been a shade easier), the same price they were on takings the first two months showed an excess of 57,660 the third of the month, when cotton was a cent a pound bales over the same two months of last fear, but for the lower ; but the high price for prints ruling earlier was three months there is a deficiency of 39,987 bales. really the result of speculation, and the advance in cot- WEIGHT OF BALES. ton since seems likely to operate so as, to some extent, at To furnish the_ only true measure of the comparative least, to help out the operators. Other cotton goods ruled Dbcbmbbb 4, 1860. J THE CHRONICLE. 573 the advance early in the month, and since firm at the the same item in the previous year, but in that year closed the market has been buoyant with better month only $2,047,713 was paid for interest, while in the better demand. there is prices and a As no accumulation present year $3,903,783 was paid. The nurplut •fter of stocks, manufacturers and their agents, although willing deducting payments wag $1,700,621, Ilsd the fall sellers, show no disposition to shade prices. amount of interest on all clauea of bond* been paid, tfiis surplus would have been about $330,000 laat, or, THE PROGRESS OF THE ERIE RAILROAD. say, $1,460,000, equivalent, if it bad been applied to At last the Erie seems to have reached a basis which dividends on stock, instead of, as was undoubtedly more gives reasonable assurance of stability in the future. judicious, expended for improvemenu and additioof, to After being, so to speak, tempest-tossed in a sea of 7 per cent on the $8,146,700 of preferred and a liule financial troubles for years—in fact during its whole more than 1 percent on the $77,107,700 of common. previous existence—it has now so far recovered as to be Following are the gross earnings, operating ezpeniM, able to navigate without calling for assistance or fiying and net earnings, fur eight years past. signals of distress. (7roM Oprrnltng It is hardly necessary to recall the remarkable vicissi- Fiieal Tear. Sarning§. ExptHti. EanUntt, tudes of its career—the disastrous results of different 1872-3 920,012,807 •13.640,(112 «e,87I,MS 18 3-4 lt,r.fl8,S09 13,.V13.738 5.03S,1«1 managements, each succeeding one seeming almost to 1874-5 16.876,850 12.«70.13l 4.197.788 1875-6 15,8.'^2,461 12,231,^02 surpass its in results, 3,621.2M predecessor unfortunate until the lb76-7 14,708,890 10.Sll!».M40 3,S09,OfiO 1877-8 15,644,978 10.035,>*64 period of depression following the crisis of 5,009.114 1873 found 1878-9 15,042.023 11.174.(109 4.767,824 1870-80 18,693,100 1 the road in a truly deplorable state. lis finances were 1,643.925 7,049,184 completely diKorganized, its road-bed was in anything but Unlike the New York Central the £rie did not ouike first-class condition and there was a double track only a its largest gross earnings in the year under review, small portion of the way, its rolling stock was poor and though it did n^ake, as already said, its largest net earn- inadequate to meet the demands upon it, its terminal ings. The gross earnings were $1,319,498 less than in facilities were imperfect and insufficient, its track was of 1872-3, when the total was $20,012,607. The diminu- broad gauge, while that of almost all other roads was of tion in receipts is entirely the result of the large decline standard widih, placing it at a gre.it disadvantage in that has taken place in the rates obtained for moving competing for traffic at connecting points, and its freight and transporting passengers, as appears from the expenses were heavier than they otherwise would have following tables, which we have had prepared to show been by reason of the fact that as it could nut ensure the traffic operations of the company fur several years prompt payment of its supplies the coat of materials, &c., past. was very appreciably enhanced. Now, however, this is Cnal. Other Freigh4. in a great measure remedied. Its terminal facilities Rate pr. RaU have been improved and enlarged, its equipment has Ton* Tont moved ton per Tons Tons morrd pr.ton moped. one mite. mile. mated. one mite. p.m. been increased and raised to a higher degree of service- cents. e*nl*. ableness, it has a double track its entire length, and a lHTi-73 3,911.942 2,400.7»K) 1873-74 3,854,420 J,.509.85O third rail has been laid giving a standard-gauge line all 1874-75 3.8.52.5(17 :t:iK.:!(10.821 2,387.376 67i'.257.229 187.5-7(>|3,307.(i44 1:1.11, 1'li:!..5781 2.(i6,5.174; 77.'i,jo8.343 the way from Jersey City to Buffalo. 1876-77 3,'J4«.I 111 L'7'-',;is.l,395 2,9:)4.341 H41,6 percentage was only tJ2 this year, against 70 last year, Tont Cost Rale Cost moved one Rale prr per per Tons [p. ion Number Carried 68 in 1877-8, 74 iu 1876-7, and 77 in 1875-6. course, mile. ton pas* Of moved. fp. m. carried. (ooo» p.i)i. one mile. p. m. \p.m. cents. to a certain extent the smaller percentage of this year omitted J ell. cents. cU. is due to the larger traffic handled, and to the better '72-73 6,312,70 1,032,986 ll-468 3,9'22,1.56 1(14,633.424 i-11S '73-74 d,;((i4.276 1,047,4J0 1-311 4,2^.'3.13u U10.-J04,12a 2313 rates obtained on it. The larger the volume of traffic '74-75 6,230,943 1.01(1,618 1-2 .9 .'»58 .i,05^2.-5:'> 1.5.-.,39H.e01 J227 1-95 '7 -76 5,97-',8ia l,040,l:<2 1098 885 o.04'2.831 lti3,074,TS»5 2- 102 1-85 the smaller the proportionate cost of moving it. But it '7H-77 6,182,451 1.114.586 •955 75'.' 4,Sn7. ;t-i |7n.f-iM,5-0 1-S84 147 77-78 6,1.50,468 l,'224.76.t •973 674 4.89(l,3'-'7 140,32(1,749 2188 169 is certain also that without the improvements that have '78-79 8,21'.!,641 l,5tl9.222 •780 561 4,894,527 149,115,718 2091 '79-80 8,715,80^ 1,721,112 •83ii 534 5,491,131 180,4(;u,204 2041 i-sa been made, the expense of hauling a ton of freight a mile would never have been reduced from 95S thou- It will be seen that while almost 700 million tons more sandths of a cent, the cost in 1874-5, to 534 thousandths, of freight have been carried one mile this year than in the cost in the year just closed, enabling the company to 1872-3, the rate per ton per mile has fallen off from 1*463 keep pace with the reduction in the rates received, which cents in that year to -780 and '836 in 1878-9 and 1879-80, has been so long and so constantly going on. Herein showing conclusively that the only cause for the smaller we have ample justification for the policy which dictated receipts is the lower rates received. In explanation of the expenditure of the large sums of money necessary the gain of '56 thousandths of a cent during the past to bring the property up to its present standard. year it should be said that during a large part of As remarked last week, there was an increase in gross the previous year the trunk lines were at war with earnings over those of the previous year of $2,751,086, each other and at such times rates sometimes actually or about 17 per cent, and the expenses having increased fell below the cost of transportation. The most marked barely 4^^ per cent ($469,226), the net earnings show a improvement in rates occurs in coal freights. Last ye^ gain of $2,281,860, or 47'8 per cent, bringing them np the average per ton per mile on this class of bnsiness to $7,019,184, the largest amount in the company's was 640 thousandths of a cent ; this year it was 738 history. Besides the net earnings the company had thousandths, a gain of 98 thousandths. On other freight receipts from other sources to the amount of $783,956, the gain was only 19 thousandths. The number of tons making a total net income of $7,833,140. Out of thif, of coal moved shows a decrease from the figuies of the $6,042,519 has been paid for interest on the funded previous year, but in that year the quantity of coal sent debt, rentals of leased lines, and other annual charges. to market was exceptionally large, and in the smaller This latter amount ia $2,153,855 above the amount of movement of this year the Erie, with most other coal- . . . . 574 THE CHRONK^LE. fVoL. XXXI. carrying roads, had a diminished amount. Notwilh- and prices of leading securities and articles of merchandise, on or about 1st of Btanding this, the earnings from coal freight?, owing to the December in 1878, 1879 and 1880: STATISTICAL SUMMAKY ON OR ABOnT DEC. 1, 1878, 1879 AND 1880. the belter rates received, show an increase of $7,405. An examination of the above tables will show what an 1880. 1879. 1878. important item coal is in the company's freight busi- tiew York Oily Hanks— Ix)an8 and oiscouute 313.524,900 fluctuations in this division of the traffic $ 273,439,900 236,438,400 ness, and the 8{)eoie * 00,177,900 52.310.700 22.967,400 (aroiUatlon interesting for this reason. It will be ob- $ 13,660.200 23.024.800 20,007,000 are the more Net deposits $ 289.527,100 247,195.500 206,797,200 Legal served that in the years of greatest depression, when tenders $ 12,098,200 16,771,700 41,275,700 Legal reserve $ 72,381,775 61,798,875 51.699,300 manufacturing interests were at their lowest ebb, there Keserv'e held $ 72,276.100 69,082,4uO 64,243,100 but Surplus $ Def.l0o,675 7,283,525 12,543,800 was a marked diminution in the coal movement, Uonty, Gold, Exchange^ 3®3i3 prosperity there was an imme- Callloans 6a6&i4P. d. 5®7 that with the revival of Prime paper 6di«is 5®6 436 Gold 100 100 lOOis diate bound upward again. It is in the matter of " other Silver in Tendon, per oz 54 4) d. 53i}ed. SOUjad. Prime sterling bills, 81i2 frt-ight," however, that the Erie has made the most de- 60 days.. 179'2-4 4 801248112 4 82 United States Bonds— cided gainp. The movement of this exhibits, with one 68, 18S1, coupon 10138 106 10918 68, currency, 1898 129 120% II8I2 excfption, an uninterrupted march forward. It would 58, 1881, coupon 10138 IO213 106 3g 4^23, 1891, coupon 110^ 105% IO418 seem, therefore, that even in the dullest times the volume 48 of 1907, coupon 111=8 103 •« 100% Railroad Stocks- of traffic keeps on expanding ; and as there is no New York Central & Hud. Rlv. 141 132 111% Erie (N. Y. L. E. & W.) 45 39 18>s room for another such decline in rates as has already Lake Sliore & Mich. Southern. I2OI4 10438 69 Michigan Central 111 93 681a taken place, » e have here a highly promising feature in Chicago Rock Island & Paclflc 12213 I4719 117i« Illinois Central 119 9914 761a all railroads not dependent on a particu- the future of Chicago &L Noi-thwestcm, com. 126"4 89 46 1« Chicago Milw. & St. Paul, com lOTH 7214 35 lar class of traffic. Delaware Lack. & Western . . 101 80 461s Central of New Jersey 76% 73 28% Merchandise— Ootton, Middl'g Uplands.^ Tb. 12 121s SH FINANCIAL REVIEW OF NOVEMBER. Wool, American XX % lb. 423)49 44® 52 30®36 Iron, Amor, pig. No. 1..^ ton. 25 00®26 00 26 003127 00 16 00® 17 00 Wheat, No. 2 red win.^ bush. 1 21® 1 146i2®147 108%®109i4 of 241a The month just passed was one of the most eventful Com, Western mixed.. ^ busli. 57i2<»61ia 58®62 411384713 Pork, mess ^ bbl. H 25 12 00al2 .50 7 40 the year. The presidential election occurred on the second, NEW YORK CITY BANK MOVEMENTS IN NOVEMBER. and the result being known almost immediately, tkere was The statements of the New York City Clearing House no uncertainty thrown about the future, to interfere with banks in each week of November were as follows: the progress of business affairs. The markets became buoyant, and the Stock Exchanges in New York and N. T. City Bank Statements. Nov. 6. Nov. 13. Noil. 20. Nov. 27. other cities, which are in a measure thermometers of the Loans and discounts. t324.370,200 »324.e70.000 «316,334.000 (313.524.900 Specie 66.6H1,700 B4.9.-)5.400 B3.8:W.600 «), 177,900 current tone of feeling, exhibited great activity at rising Circulation lS,d«l,800 18,708.700 18,730,40C 18,686,200 Net deposits 307,790,700 307,70S,200 295,871 ,400 289.527,100 prices. Legal tenders 11,1«9,600 12.474,900 12,07,S,900 12,098,200 Legal reserve »76.949,175 178,927,050 $73,967,850 »72,38I .775 The money market attracted more attention than pre- Reserve held 78,B3 1.300 77,430.300 78.909 500 72,076,100 Surplus 11,732,125 tS03.«SU «1.941,HjO Uf.$105,«75 viously, and, under large demands for currency from the Range of call loans .. 3®5 4@6 5-fl4l-18p.d Rate of prime paper , 5@5X 5®8 9®5X B @6 South and West, the Bank reserves steadily ran down, and The total transactions at the Stock Exchange, compared on the 27th the Clearing House statement showed that with previous months, were as follows: there was a deficiency of $105,675 below the lawful reserve; this was against a surplus of $7,283,525 about Aiigiist. Sept. Oct. Ifov. U.S. bonds $1,836,450 $2,020,200 $1,308,800 $4,761,500 December 1, 1879. The money market at the close was Govemm't state bonds 448,800 814,500 473,000 1,673,400 very stringent, and on call loans 6 per cent was the lowest Railroad bonds 34,144,330 36,621,400 63,471,600 58,502,900 Bank stocks. . .shares 946 415 925 1,241 rate, while many borrowers on stocks had to pay \ per Railroads, &c., " 5,477,365 6,461,851 7,795,453 9,856,266 " cent a day also by way of a " commission for loans. The CliOSINO PRICES OF GOVERNMENT gECnRITIEg IN NOVEMBER, 1830. for specie import the month (to the 27th) was about 6s. 5s, 413s, 4», 6s, 6s, 5s, 4 las, 4s, 6s, 1907, Cur., Jfov. 1881 188L 1891, Our., but at the close over $10,000,000 was reported Xov. 1881, 1881. 1891 1907, $7,000,000, coup. com;). coup. coup. 1898, coup. coup. coup. coup. 1898. to be afloat for this country. An important item in regard 1.. 10478 xl02 no 130 19.. 104% 101 Hi 112% lll^B to the money market was the cessation by Secretary Sher- 2.. Holi day 20.. 112% 3.. lllM II014 21.. S man of his bond purchase of $2,500,000 per week, for the 4.. 10138 101% 110 22.. 101% 112% 1121a 5.. 23.. 104% 11J% sinking fund, as he began to accumulate funds to pay off 6.. i"oi% 24.. 112% 112% 7.. 25.. Holi day the sixes of 1880, falling due December 31. 8.. 10978 130 26.. 112 112 9.. 27.. Foreign exchange declined throughout the month and 10.. IIII4 110% 28.. S. 11.. lOl's 111% 1291a 29.. 104% 111% was extremely depressed at the close, not alone from the 12.. lOl's il6% 30.. 101 ifi 112 lilt's 13.. 1041a 110% fiituation in regard to exports and imports and the ship- 14.. 8. 15.. 112% 111 Open lOl's xl02 iim no 130 ments of stocks and bonds abroad, but also from the pres- 16.. 112^ 11078 High 10478 102 112% 11212 130 17.. 104% 101% 1121s lll'-l, Low. 101% 101% 11114 10 I's I29I3 sure here in the money mai'ket. 18.. 101% 112% 111%I Clos. 104% lOlis 112 Ill's 129 la At the Stock Exchange a great business was done, and OU)SINa PRICES OF CONSOLS AND U.S. SECURITIES AT 1/ONDON IN NOV. .S prices showed a large advance, both for investment secur- Si 413S 4I3S 5s of 4s of 5s 0/ 4*0/ ities Nov. Nov. and for speculative stocks. United States four per 1881. 1891. 1907. 1881. 18&1. 1907. cents, and not a few railroad stocks, reached the highest 1.. Holi day.. 20. 1001 16 104 13 115 llSTg prices at which they had ever sold. The prospect that the 2., 991 116 104% 114 113 21. 8. 3. IOOI16 104% --_11514. II4I4 22. lOOlu 1041a 115 116 Government would issue next year a three or three-and-a 4.. 1003,6 104% 1141a 1131a 23. loOiia 104% 115% II6I4 1041a 114% li:i% 24. lOO'ie 1041a iir U6is half 5.. 99"3ie per cent bond, to fund the maturing fives and sixes, 6. 9911 1041a 114 14 11314 25. 1007,6 104% 115% 116% 7., 8, 26. 1001116 104% 115 116ifl was the influence which put up the fours ; and as to rail- 8. 9911 104% 114% 113% 27. 100»i 104% 115 116 9913 104%'114% 1131a 28. 8. road stocks, the immense earnings 9. of the year and the 10. 9913i« 104% 114% 113 V. 29. 1005l6 1041a 115 116% 11. 999^8 104% 111%113% 30. 100»16 104% 11478 115'g talk of additional dividends in cash or stock, together 12. 99»i« 104% 115 1137g 104% 115 114 991I18 with large purchases for investment 13., 997io Opening .. 104% 114 113 account, were the 8. 14. Highest. . iroiiis 104% 1131s 116>a 115l8'llll4 principal causes for the 15. 997ie 104% l/owest ... 997i6 104% 114 113 great rise in values. 115i« 11414 16. 999,6 10 % Closing . . 100&16 104% 11478 11578 11413 TLe followmg summary shows the condition of the New 17. 99ili» 104% XI414 S'ce Jan. 1 18. 991B16 101% 11479 113 Highest.. IOO1I16 lOGTg 115»a 1161a 19. 9916,6 104 la 115 110 Il0l%10!l7g IO6I4 Yori Clearing House banks, rate of foreign exchange, I.,oweftt . 997,, ... 1 . ——. —. — . DacKUBBR 4, 1880.] THE CHRONICLE. 576 The following table will show the lowest, higheRt, and clos- (Mobtr. . . Coal and Ifanmbt.- ing prices of railway and miscellaneous stocks at the New York Mining. Bepl.ao. Low, High. Oet.ao. Low. Uiqh. Ktm.tO. SUvcr CUft MlulDK .. Stock Kxchange daring the months of October and November: a% 2>4 % Stand ard Con*. Um'g *2() % "i3% '29% '36% 8«% 23% BADGE OF STOCKS IN OCTOBER AND MOVEUBER. Stermont UlnUix Vakious. 8% . . October. November , Boston KAir.nOADS. 'Se;>(.30. Low. Hij/K. Oet.30. Low. High. Nov. 30. Water Power. • Albauy&Susq'lianna *l09 111 115 *114 115 lio 120 CttUtOD 40 SO B3 '4B% Del. Hud. M Atcli. Top. * 8. Fo 134'i I4513 A Canal... B4«( 82% 88 80% 80% 93% 80% Boa. & N. Y. Alr-L.•-L. i)f 42 4014 45 43 49 Manhattan Gas 179% 180 N. Y. ATciaH Ijind ,', New York Elevatetl . xlll 112 110 119 II7I4 125 118 On the above issues of bonds there is a total of $2,802,055 of iDterat N. Y. Lake Erie W. 39 45 49 45 & 33% 14 44% 42% over-due and not yet called for. The total current accrued Interest to Do pref. 09% 70 76 74% 72 82% 77% date Is $15,211,403. N. Y. N. H. & Hartf'rd *170 172 180 • 173 172% 177 175 N. Y. Ontario &W... 22% 20% 25 14 24% 24% 3-2 30 14 DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY. Do do pref. 70 85% Tliere is a total of over-duo debt yet outstanding, which ha* never Northern Paclflo 29 20»8 28 34 "3-2% 30% 29% 14 been presented for payment, of $5,518,085 principal and $749,376 Do pref. .53% 50% 55% 52% 52 65 63 interest. Of this Interest, $018,020 is on the principal of called bond*. Ohio Central 21 21% 28 20 24 27 24% which piiuclpal is as follows: 5-20s of 1802, $378,7.^0: do 1884, Ohio Mississippi . . 38 & 34% 32% 37% 37% 34% 14 33% $07,550; do 1805, $114,0.50; consols of 1805, $524,000; do 1867, Do pref. «72 72 79% 79 70 90 14 86% do 1808, $563,350 ; 10408 of 180-1, $1,388,630; 3-» oerta., Panama 192 196 200 209 '208 $1,794,450; "27" $5,000. Peo. Decat. &E'ville. 25 24 28% 24% 27% 24% DEBT BEARING NO INTEREST. Phila. & Reading. .. . 3OI3 29% 43% 46 40% 54% 49% Pittsb.Ft.W.&C.guar. *12» I2013 124 124 123 125 Pittsb. Titusv.ife Buff. 32 33ia 30 3314 34% 33% Character of Issue. Authorizing Act. Amount. Rensscl'r& Saratoga 1 25 125 124% 127 129 Rome Wat. & Ogdens 19 25 24 31 % "29" Old demand notes — July 17, '01; Feb. 12, '02 $60,780 8t. L. Alton & T. H 18 30 29 39% notes Feb. 25, '02 ; July 11, '62 ; Mar. 3,'63 340,681,018 Do pref 90 90 92 110 Legal-tender 77 CeitlHcatos of deposit Juno 8, '72 8,525.000 St.L.I.Mt. & Scassd. 50-% 481* 53 52 46 48 52% Gold certificates March 3, '03 7,400,500 St. L. S. Francisco. *30 32 43 42 42 140 & 39% 14 Silver certificates Febnmry 28, '78 35,077,280 Do pref. 44 43 50 53 50 .54% 50 *72i3 •f'.il?:'7,:62: Mar. 3. Do Istpref. 74 79% 79% 77 85 84 Fractional currency i '04 1 $15539,141 63 ; June 30, ) St. Paul & Duluth 25 34 32 32 Loss amt. est'd lost or deatr'yed, act J'o 21,'79 8,373,934 7,163,207 Do pref 50 50 St. Paul Minn. Man 07 79 *77% "77% '77% & Aggregate of debt bearing no interest $404,907.'733 Texas* Paoiflc 30 37 35 34 39 Unclaimed Pacific Railroad interest 7,927 Union Pacific . xSSSs 87% 94 93% 92 IO314 98% Un. N.J.RR. &Can I7513 180 Wab. St. L. &PaciUo. 37% 30 44% 44% 40% 46% 41 RECAPITULATION Do pref. 68% 67% 78% 78 73% 80% 76% Tklegraph. Amount Outstanding. Interttt. American District . . 72% 78% 72 78 American Union 00 59 64% 01% 59% 04% 00% Atlantic & Pacific 40 40 43 41% 34 42% 34 Interest-bearing debt— Westei-n Union x98% 105% 101% 90 104% 90 Bonds at per cent $213„521.550 96% 4e9.05'i,050 KXPKKSS. Bond* at 5 per cent. . . Adams 110% 116 118% 118% 117% 120 Xll8% Bonds at 4% per cent. 250,000,000 58 65 Bonds at 4 per cent 738,404,450 American 59% 14 65 04% 62% 06% 043,350 United States 49 54 54 x51% X55 *x52% Refunding certificate*. 48% 14 14,000,000 Wells, Fargo & Co -110% 112 117 -113 113 114 114 Navy pension fimd — Coal and Mining. •214 Total interest-bearing debt. $1,686,520,400 $18,104,358 Caribou Consol. Mlu . 214 2% 214 2% Debton which inl.has ccas'd since maerily 5,518,085 749,378 Cent. Arizon.a Min . . 0% 0% 914 7% 9% 8% Climax Mining 114 1 Debt bearing no interest— 1 346,741,766 Colorado Coal & Iron 19% 25% 24% 30 Old demand and legal-tender notes... Ceititicatcs of deposit 8,529,000 Consolidation Coal. . 35 30% •33% 33 39% 35 Gold and silver certificate* 42,477,780 Dead wood Mining... 14 15 14 11% 12 7,163,20' Elk Lick Coal 35% 41 Fractional currency Excelsior Mining 8% 7 9% 7 8 Total debt bearUig no Interest $404,907,783 Homestake Mining 30% 33% 30% 28 31% 28 7.927 La Plata Mining 2 2 '2% 5 7% •7% Unclaimed Paclflo Railroad interest Little Pittsb-g Min.. 2% 2 2% 1% 2% 2 $18,861,662 Maryland Coal *15 19 Total $2,090,940,268 18% 19% 18 26% Including Montauk Gas Coal..' 31 33% 32% Total debt',' principal and Interest, to date. 28" presented for payment $2,115.80".0"O New Central Coal "ik" 27 32 29 Interest due not 210.926.763 N. Y. Tr.iitsv. C. &I 55 04 64 Total cash in Ti-oasury Pennsylvania C<»al... 1225 210 210 *212% 212% 212% "200 Treasury, Deo. 1, 1880... $1,904,881,166 Ontario i^llvtu-- Min'g 30 32% 32% 32 33 -31 Debt, less c.i«h in 1,908,490,427 Nov. 1, 1880... (iuick.silver Mining .. *10% 11 13 '•12 12% 13% '11 Debt, less cash in Treasury, Do pref. *53 50% 54% 52 50 80 $3,609,261 Decrease of debt during the past montt. 30, 1880 37,281,128 •Prices bid. 1 Prices asked. Decrease of debt since June . 6 . — . — 57(5 THE (;hkonicle. IVToL. XXXI. CtrHRENT LlAniLITIES— Domestie Foreign uupuid $2,892,055 Customs Districts. Imports. Interest due luid Exports. Export*. Debt on whicU Interest U»» ceased 5,51S,0Sf> Interest tlu'iedu 7i'>,.i~e Baltimore, Md 42,477,780 ,851,768 $5,863,777 $4,349 Oold and 8ilviT ocrtittcates Boston, Ac, Mass ,187,304 4,989,097 233,029 licld fill- lodemption of certincates of deposit. 8,52r.,0()0 U. B. notis Brazos, Ac. , Texas 15O.70:J,5G7 92,589 83,913 59,348 Cash balance available Deo. 1, 1880 Buffalo Creek, N. Y... 542.30ti 44,498 Champlain, N. Y 398,197 $210,926,763 209,340 Total Charleston, S. C 42.956 3,618,193 Atailaulk Asskts— Chicago, III $210,926,703 121,449 199,113 373 Cash In the Tivaj*uiy Corpus Christi, Texas. 44,201 26,618 930 COMPANIES. Cuyahoga. Olilo 32,931 33,514 BONDS ISSUED TO THE PACIFIC RAILWAY UBtroit, Mich 218,042 316,971 "4,916 ISTERE9T I'AYABLB BY THE UNITED 8T.VTE3. Duluth, Minn 2,771 252,738 Oalveston, Texas 241,337 2,568,907 "2,920 Interest Balance of Geriessee, N, Y 62,618 20,738 15 Character A mount fiiteresl paid of repaid bij interest paid Huron, Mich 337,000 891.0,5 63,449 Issue. ontatanding. by U. S. transportaVn bu V. -S. Key West, Fla 42,079 58,275 Miami, Ohio 757 241,647 Central Paoido.. $25,885,120 $18,793,233 $3,290,«41 .$14,854,320 .Minnesota, Minn 174,046 106,.'(37 2,474,3ti8 iM»ibile, Kansas PaciUo .. 6,;iO3,OO0 4,994,793 2,520.404 Alabama 4,127 310.626 Union PaciHc.... 27,230.512 20,055,278 7,923,044 12,132,233 New Haven, Conn 29,059 23.613 Central lii:, U. P. 1,1:00,000 1,261,808 71.710 1,183,171 New Orleans, La ,58<,429 8,783,191 9,123 Western Paclflo..! 1,970,"'60 1,313,548 9,367 1,304, I'll New York, N.Y ,285,624 37,154,788 961,822 Sioux City &Pac. 1,«28.320 1,171,199 110.213 l,0(iO,986 Niagara, N. Y 241,369 10,189 1,962 Norfolk, Ac, Va 6,345 3,037,996 Total. $Ct,'>23.512 $47.58!).8iil $13,879,36T$33£5VJ9ti Oregon, Oregon 172 138.541 Oswegatchie, N. Y 159,216 36,520 570 1, Tbe Pacific Railmad bonds are all issued under the acts of July ' 'swego, N. Y ,6ie..506 133,423 2,183 1862, and July 2. 18i>l: thcv are registered bonds in the denominations Pa.ssamaquoddy, Me. 116,4:{4 35,5U7 of $1,000. $5,000 and $10,000; bear 6 per cent intirrest in currency Peusacola, Fla 1,313 71,276 l)ayable January 1, and July 1 and mature 30 years from their date. Philadelphia, Pa ,984.1190 4,312,717 1,686 Portland, &c.. Me 39,90^ 69,660 18,234 Puget's Sound, W. T.. 1,615 30,537 IMPORTS AND EXPORTS FOR OCT., AND FOB Richmond. Va 5.315 390,076 Sim Francisco, Cal ,571,426 3,339, 70 48,908 TWELVE MONTHS FADING OCT. 31, 1880. Savanuah, Ga 82,112 4,92=1,702 Vermont, Vt 540,812 97.231 (Prepared by tlie Bureau of Statistics.! W Uamette, Oregon... 48,656 2 18,506 Wilmington, N. C 4,534 793,086 Below is given the fourth monthly statement for the fiscal All other districts 286,652 933,029 696 year 1880-81 of the imports and exports of the United States. Total .$54.002.141 $< 1.24 1.807 $1,414,518 The excess of exports of merchandise, stated in specie Talnes, was as follows : Month ended Ortober :U, 1880 $31,657,184 UNITED STATES TREASURY STATEMENT. Month ended October 31. 1879 39,if44,857 Ten mouths eridid ictoljcr 31, 1880 105,458.320 The following statement, from the ofBce of the Treasurer, for Ten mouths ended O. toberSl, 1879 201,443.1 9 { Twelvemonths ended October 31, 1880 15.">,572,15ii December, was issued this week. It is based upon the actual Twelve months ended October 31, 1879 269.257.132 returns from Assistant Treasurers, depositaries and superintend- The excess of imports of gold and silver coin and bullion was ents of mints and assay offices : as follows: • LIABILITIES, DECEMBEB 1, 1880. Month ended OctobsrSl, 1880 $14,510,270 Month ended Octolic- 31, 1879 18,728.312 Post-offlce Dep.irtment account $1,963,897 24 Ten mouths ended Oi-tol)er 31, 1880 44.04-' .9:r. Disbursing officers' balances , 20,084,624 30 Ten mouths ended October 31. 1879 44,210,074 Fund for redemption of notes of national banks " failed," Twelve months ended O^lolier 31, 1880 67,214,S21 "in liquidation," .ind "reducing circulation" 20,535,603 25 Twelvemonths euded October 31, 1379 43,763,343 Undistributed .assets of failed uahonal banks 618,950 16 Five per cent fund for redemption of national banli The total values of imports and of domestic and foreign notes ' 15,406,238 62 Fund for redemption of national bank exports for the month of October, 1880, and for the ten and gold notes 461,985 00 Cnrreuey and minor-coin redemption account 3,943 25 twelve months euded Oct. 31, 1880 and 1879, respectively, are Fi'actional silver-coin redemption account 53,191 05 Interest account ." 53,095 50 presented in the following tables, all in specie values : Interest account, Pacific RaiU'oads and L. & P. Canal Co 4,410 00 [Corrected to November 26, 1880.J Treasurer U. S., agent for paying interest on D. C. bonds. 285,054 55 MERCHANDISE. Treasurer's transfer checks outstanding 5,516,854 36 Treasurer's general account For the For the 10 For the 12 Interest due and unpaid $5,705,455 04 month of months end- nronths end- Called bonds and Interest 5,454,429 53 October. ed Oct. 31 ed Oct. 31. Oidoebt 313,032 26 Gold certificates 7,40'i,500 00 1880.—Exports—Domestic .$84,244,807 $696,819,004 $854,930,828 Silver certificates 35.077,280 00 of Foreign . 1,414.518 10.938,155 13,010,399 Certificates deposit 8 525.0 )0 00 Balance, including bullion fund 148,641,915 40 Total $(5,659,325 $707,757,159 $867.1)41,227 Imports .'J4.002,141 602,29><,S39 712.36:1,071 Total treasurer's general account. .$211,617, 612 28 Excess of exports over imports .$31,657,184 $105,458,320 $155,.j72,l.>6 Less unavailable funds 690,3 48 30 Excess of imports »ver exports -$210,926,763 98 1879.—Exports—Domestic . $87,033,020 $596,544,931 $731,610,405 $275,914,616 26 Foreign . . 700.979 8,430,826 lO,950, 1 59 ASSETS, DECEMBER 1, 1S80. Total $604,975,75: $742,.',6i 1,564 Oolfl coin $66 ,3.57,915 25 Imports 403,532,564 47.1,303,13:: Gold bullion 85 004,604 13 Excessi of( exports over Irnportsl $39,944,85; $201,443,193 $269,2.)7,13-.i Standard silver dollars 47.397,453 00 Excessi of< imiKU-ts over exi)ortB Fractioual silver coin 24 653,530 37 Silver bullion OOLD AND SILVEli—COIN AND Hri,LION. 6, 255,389 81 Gold certitt(5ates 19,120 00 Silver certificates 8, .572,294 00 1880.—Exports-Diiiuestic ... . $2,1 17.210 $6,203,184 $8,347,082 Foreign United States notes 19, 574,937 36 706,7 1 6,593,260 7,739,0 7 National banknotes 3 .599,584 26 Total $2,823,926 $12,796,444 $16.U«ii.l .;) ^f^tional bank gold notes 103,045 00 Imports 17,334,196 56,845.379 83.300.9 10 Fractional currency 59,934 37 Kxcess of Imports over exports $14,510,270 $44,048,u3d $67,2U,S2I Deposits held by national bank depositaries 11,,670,199 67 Sxoess of exports over imports Nickel and minor coin 934,043 00 New York and San Francisco exchange li,203,000 00 1879.—Exports—Domestic .... $923,927 $16,526,400 $18,966,404 One and two-.year notes, &c 545 50 certificates of deposit. Foreign 56 i, 533 6.000,923 7,1171,388 Redeemed June 8, 1872 75,000 00 Quarterly interest checks and coin coupons paid 178,704 24 Total 1 ,493,46( 1 $ $22,527,323 $26,037,792 Registered and unclaimed interest paid 5,899 00 Imports 20.221,8112 66,737,397 19,801,135 U. 8. bonds and interest 124,835 14 Excess of exports over impoi-ts $ Interest on District of Columbia bonds 920 50 Excess of imports over exports i«,728.34'. 44,210,074 43.763.343 Speaker's certificates 123,661 6G Paoiflc Railroad interest paid TOT>L MEKCHANDISB AND SPECIE. $275,914,616 26 I880.—Export8—Domestic $38,362,017 $703,022,188 $863,277,910 Foreign 2,121.234 17,531,415 20,749.436 Total.., $8-<,483,251 $720,5.13,603 $884,02 ,..11) Imports —One of the grandest industrial enterprises of the day, and, 71,33.1,337 659,144,218 795,1170.011 Excess of indeed, of the present century, U noticed in our advertising expcu'ts over imports $17,146,914 $61,409,385 $88,3.J7,335 Excess of uuports over exports ccilumns to-day. Messrs Drexel, Morgan & Cj., J. & W. Selig- man & Co. and Winslow, Lanier & Co., as th-s special American 1879.—Exports—Domestic .... $87,961,947 $613,071,331 $750,576,809 committee, invite subscriptions, Dec. 7, 8 and 9, to the shares Foreign 1,265,512 14,431,749 1 •',021,5 17 500 francs each —of the Panama Canal Company. The sub- Total...... $39,227,45!< ,$627,503,080 Imports $7"8,5u,-i.:-i.,(i sciipfions are opened simultaneoasly in all the principal cities 68,010,914 470,269,961 .543,101,567 of exports over of Europe and in New York. For full particulars see adver- fxcess imports 521,216,516 $157,233,119 $225,49J,7-j;) xoess of imports over ex -ts tisement. The following Attention is called to the dividend notice of the Chicago & is a statement showing, by principal customs — Northwestern Railroad Company of 1 per cent (quarterly) on districts, the values of m'irohaadise imported 54 into and exported preferred and 3 per cent semi-annual; on common stock, pay- from the United States during the month of October, 1880: able on and after the 28th inst. ... : — Bbcbmbbr 4, 1880.] THE (.'HllONKJLE. 677 The rates of inWrent allownd by the Julnt-atock bankii UkU discoant hoanef) for depooiUi are itabjuiaod : RATES OF EXCHANGE AT LONDON AND ON LONDON JotDt^tnok bank* J...... \H OUoount hutuwtf at call .•,... J% AT LATEST DATES. Do wlthTur Mdav*' iKitioe 1% In the Rilver market there ban been no movement of import- MXOBANQE AT LO.VDON—Nov. lit' EXCnANQB ON LONDON. ImUM ance. The anppliea offering have been only moderate, and Time. Jtate. Time. Rale. On- Date. there has not been much variation In pricett. The following quotations for bullion are from the clrcalar of Meaiini. Pixley it 12--1 -8 12-4»3 Nov. 13 Short. Arastordaui . 3rao8. 1210 Abell : 12-2 AmHtordam . Sliort. -a 12-2:H Antweip J moM. 2.')-.'i2>aij 2.'>-.57^j Xov. IH Short. 25-34 OOLD. I. a. I. " itffiS -* 20-62 Nov. 13 20-.?9 Bar Kold, Ana per os. »t«n 678 THE CHRONICLE. [Vol. XXXL Exports from New Tork. Imports at New Tork. the latter has recently been sold for malting purposes at 433. in Gold. Silver. 6d. per qmarter. The Australian oats on offer are handsome Gold. Silver. appearance, but they lose some of their intrinsic value by bein.^ Great Britain $170,000 $1,703,275 meal France too thick-skinned. The weight is heavy, but the yield of Germany on grinding is relatively light. West Indies 2,000 59,826 3,690 Mexico heavy " The price of rye in St. Petersburg has experienced a Boutli America '2,414 "3,416 All otlier countries. fall, and a reduction Is also expected to take place in Germany. purchase, It seems that it is the custom of the Government to Total. f 172,000 $1,765,515 $7,100 years of abundance, large stocks of that commodity, so as in Of the above exports $2,000 were American silver coin. Of always to be provided, in times of war or in times of scarcity, the imports $626,058 were American gold coin and $1,678 silver with abundance. In order to diminish the high price of rye coin. The movement from January 1 to date in 1830 includes the bread, which is so largely consumed in Russia, and to alleviate export of $2,186,023 gold and $5,492,139 silver, and the import suflFerings of the poorer classes, the Government Lave the of $51,819,248 gold and $5,014,738 silver. The totals at New prices abundantly supplied the markets, and have lowered York from January 1 to date in the present and several previous extensively. This operation will probably affect the trade for years have been as follows: Indian com which had become firmer in consequence of the Tear. Erporls. Imports. Tear. Exports. Imports. deamess of rye. 1880 $56,833,986 1875 influential deputation waited upon Mr. Dodson yesterday $7,678,162 $67,650,345 $12,482,100 An 1879 13,810,541 77,125,445 1871 51,616,384 5,998,601 to urge the necessity of speedy action in the matter of floods, 1878 11,731,146 18,552,773 1873 47.427.763 17,890,422 1877 25,278,187 14,326,816 1372 68,201,332 5,485.287 and now that there is an earnest agitation on the subject it is 1876 42,310.285 15,640,115 1871 60.502,501 8,461,330 hoped that means will be adopted calculated to prevent future Kansas City Bnrliif&ton & Santa Fe. —It is stated that Mr. disaster. J. Houston has been appointed Receiver of this road. His office will be at Burlington, Kansas. The road was opened in 1877 Cable. Knsllsli Market Keporta—Per for a length of twenty-five miles, and seventeen miles were The daily closing quotations in the markets of London and added in 1878. for the past week, as reported by cable, are shown in Liverpool New Tork & New England.—This company's annual report the following summary: for the fiseal year ending September 30, 1830, will be issued London Money and Stock Market.—The bullion in the Bank of shortly. The following comparative statement of operations of England decreased £1,000,000 during the week. During the the road will appear : 1879. ISSO. Increase. same time the specie In the Bank of France decreased 4,020,- Total income $1,971,536 $2,324,9i0 $353,404 000 francs in gold and 5,979,000 francs in silver. Expenses 1,435,207 1,007,799 127,597 Sat. Man. Tues. Wed. Thurs. Fri. Net earnings $436,329 $717,141 $230,812 Nov, Koi: Xov. Deo. Dec. Dec. Interest. 261,930 380,234 27. 29 30. 1. 2. 3. Bilver, peroz d. 515i 51% 5U-''i8 51 'a 51I3I0 5178 Surplus 224,399 $336,907 CunsolB for money lOO^ie 1005ia lCl05i8 x98iii6 981513 gsi-"! 316. capital stock is 1 1005, x99ii6 The total miles operated were The Consols for account 008 , ^ 1005i„ 993,8 993i« Fr'ch rentes (iu Paris)fr.85-62Ja 85-4213 85-55 85-4.5 85-85 85-90 $20,000,000, the funded debt $6,468,900 and the floating debt IO413 IOII3 V. 8. 5s of 1881 101% 1041a 1043a 104% $3,224,831. The road is now completed very nearly to the Hud- U. S. 4isaof 1891 115 115 114% 114^8 115 1 1473 son River at Fishkill Landing, V. S. 4s of 1907 116 1161a 115'78 116 116 11573 Erie, 48 4908 4859 4678 48 4753 common stock in nunods Central 125 I25I3 125 125 I25I4 Virginia State Bonds.—Messrs. R. H. Maury & Co. say 126'a 13 " rennsylvaiiia 64»8 6II4 65 65 14 their circular, that in consequence of the exhaustion of blank 27i« PliilartelpliiaA Reading. 26>4 26!li 26% 26 2714 certiflcates for the deferred (West Virginia) there can be no New York Central 14913 150 149 14313 1471b — more consolidating or transferring of these certiflcates. Also, lAverjiool Brecnistuffi and Provkioni Marke's. that the supply of ' Peeler' coupon bonds is exhausted; hence no Sat. Moil, Tues. Wed. Thurs. Fri. registered can be converted into coupon bonds, but simply s. d. t. d. ». d. s. d. t. d. «. d. transferred as usual." Plour (ex. State). 100 lb.l3 3 13 3 13 13 13 13 ffheat, No. 1, wh. " 10 10 O 9 11 9 11 9 11 9 11 Bpriug, No. 2... " 9 10 9 10 9 9 9 9 9 9 9 9 Wintcr.\Vest.,n. " 10 2 10 2 10 10 10 UUm AND FININCIAL. Cal. White " 96 96 97 97 9 7 Oom,mlxed,We8t, " 5 913 5 913 5 9 5 9 3 9I3 i-orii, tyoouiiioo»..^bbl.6ti O 60 65 05 66 OFFICE OF FISK dc HATCH, Bacon, long clear, cwt.. 41 41 41 41 41 Beef, pr. mess, ^ tierce. 57 57 57 57 57 No. 5 Nass.vu Street, New York, Oct 9, 1880. Lard, prime West, ^ewt.46 9 46 6 46 3 46 6 46 6 Cliecse. Am. clioioe " 67 67 67 67 66 6 special Liverpool Ootton Market.—See report on cotton. We are reosiving so many letters of inquiry as to the terms on wliiolj we receive deposit accounts of Banks, Bankers, Business Firms and individuals, that we And it necessary, in ordar to save clerical labor in replying to each separately iu manuscript, to issue this circular for the general information of those who may desire to open accounts with a private banking house in this city. IMP0ET3 AND Exp«ET3 FOE THE Week,—The imports of last week, compared with those of the preceding week, show a decrease in both dry goods and general merchandise. We are prepared, on the terms mentioned below, to receive the accounts of resiionsible parties in good standing: The total imports were -$5,963,473, against |9, 637,855 the pre- 1. Exceptintheca.se of Banks, Savings Banks, or other -n-ell-known ceding week and $8,644,659 two weeks previous. The exports Corporations, or of individuals or firms whose character and stand- for the week ended Nov. 30 amounted to .$7,832,241, against ing are already known to us, we require satisfactory reference .$8,164,685 last week and $8,084,388 two weeks previous. The before opening an account. at the rate of 3 per cent per annum on the average following are the imports at New York for the week ending 2. We allow interest monthly balances, when the same amount to $1,000 or over. On (for dry goods) Nov. 25 and for the week ending (for general accounts averaging leas than $1,000 tor the mouth wo allow no merchandise) 26: Nov. interest. FOBBION IMPOSTS AT NEW YORK FOR THE WEEK. 3, We render accounts current, and credit interest as above, on the last day of each month. 1877. 1878. 1879. 1880. For parties keeping regular deposit accounts with us we collect and Dry Goods $9.53.320 $959.854~ $1,011,361 $1,262,095 General mdse... 4,478,733 4,788,829 4,694,89a 4,701,378 credit United States, Railroad, and other Coupons and Dividends payable in this city without charge; make carefiU inquiries and Total week $5,432,058 $5,718,683 $5,730,754 $5,963,473 best information we can obtain respecting investments or Prov reported.. 291,627,021 258,164,806 299,801,362 440,181,936 give the other matters of financial interest to them, and in general serve Total s'ce Jan. l.$297,059,079 $203,913,439 $305,538,116 $446,145,409 their interests in any way In which wo can be of use to them in our The following is a statement of the exports (exclusive of line of business. all times pre- specie) from the port of New York to foreign ports for the We do not discount or buy commercial paper, but are at week ending November 30; pared to make advances to customers and corresjiondents on United States bonds or other first-class and marketable securities. EXPORTS FROM NEW FOR TUB TORK WEEK. 6. All deposits arc subject to check at sight without notice. ^^'^'7- 1^78. 1879. «,.,., .. . 1830. far the week.... «6,s69,561 $7,195,710 $6,020,599 $7,832,211 Pi*v. reported.. 263,789,701 314,lUli,181 316,699,289 374,447,625 One of our firm is a member of the New York Stock Exchange, and we mail, telegraph, or In person, for Totala'ce Jan. l.$270,659,265 $321,301,394 $322,719,888 $382,279,306 give particular attention to orders by the purchase or sale, on commission, of Investment bonds and Stocks. EXPORTS AXD IMPOKTa OF SPECIE AT NEW TOEK. We continue to buy and sell direct, without commission, all issues and The following table shows the exports and imports of specie denominations of United States Bonds, for immediate delivery, at cur- at the port of New York for the week ending Nov. 27. rent market rates. Very reapootf ally, FISK &, HATCH. : m .. H U December 4, 1980.] THE CHRONICLK. 579 The cloning oricwi at tha Wew York Bowd tura bMn m foU«iM: tntmrttt lf09. yot. Ifot. Dee. D". t)te. DIVIDEND!). Ptriodt. 27. 20. 30. 1. a. 9. The following dividends have recently been aunoiinoed: 6«, 1880 reg, •102% 102% 102% 199% •»9'» 100 6«, 1880 coup. 102% Per When Bonkt Cloifrt. 102% 102% •102% lo-.'V 103 yanie 6«, 1881 reif. of Company. Cent. Payable. 'I04>4 ,1M^ 'X01^'10|l4 (Uayt incluiiive.) 6a, 1881 coup. 101 _ . lOl'i -101%*lO4>4 104 >« 5», 1881 Rallroadn. nif. 101VM01>il 101 >t '101 lOlH 5«, 1881 coup. 101!% Belfast & Mooseboad Lake, prof $2 2.5 'Deo. 1 Mom 1011* 101 101 101 1« 1>C«. 1891 reg. '110% •111 -110% Cliicago & Nortliweatciu 3 Deo. 2ft Deo. 12 to Dec. 29. no%i •110% lUfm 4><.s, 1801 coup. 1117, -112 112 xlo% '110% llni% do do prof, (quar.) 1^1 I^eo. 2S Dec. 12 to Dec. 21). 4«. 1907 nif. 111% Eastern {N. H.) 2I4 Dec. 111% 111% XlO% 110>H 110% 1 in, 1907 ooup, 111% K«l Klvcr (quar.) Deo. 5 111% ni^a lll«ll 111% iim ^ 6«, our'cy, 1895. .reg. 130 •130 •rjo Vermont Valley. 2ifl Jan. 1 X12U •12«« IM 6«, cur'cy, 1806. .reg. 130 •131 '131 tl27, 127 19» 6», oiiAsy, 1807.. reg. 130 •132 •132 FRIDAY, DEC. 3, 1880-S P. ni. •x12mI 128 ISO 68, our'cy, 1898. .reg. 130 •133 •1.33 'xl20< 129 ISl Tbe money ITIarket and Financial Situation. The money 6«, our'cy, 1899.. reg. 1.10 •134 •134 •xl30 '• 130 1S3 ' ThU Is the prloe bid at the morning market baa been the engrossing topic of the week, and brokers Boam : no tali wa« autla. Slate and Railroad have paid 1-33 to % per cent a day tor call loans in addition to Bonda._Tho d.-alingH in Iwnda baT« been overshadowed the legal rate of t! per cent per annum. The extreme pre.s8ure by the excitement in the KtiH^k mArk«< ftad in money is generally attributed to manipulation by the Dears in there is very little change to note. The Bijwulative hf.nda hare stocks, but It is difficult to say iu.st how far the stringency is generally held their own pretty well against the nionolarr rtrin- artificial. It is well known that the demand for money is very gency. large, both from the South and West, and also to supply)' the Messrs. A. H. Mailer & Son sold the following at aactioo: Shares, speculative wants in Eastern cities. THe Chicago Inhitnn Bonds. 71 N. Y. O.asliglitCo 103 $10,000 Broadway A SeranU reports a heavy demand on that city for money in the North- 5 Flro 115i« Park Ins Ave. UK. 1st mort. 7*, die west (as high as $1,000,000 per day>, and asserts that it is not 20 Eagle Fire Ins 218 1884 105U likely to return soon to Eastern centres. 50 Osw. Si HymnuKO UK 134 10,000 Midland KK. of M. J. !>() Gcrman-Amer. Bank In connection with the subject of stock dividends, now so much Si'n (roorgaulzedl Income b'ds, 200 Oreeii Bay & Mluu. KK., ClaMA 12 talked of, an interesting opinion of Mr. Jeremiah S. Black as- $100 each 12 10.000 Midland KR. of N J. serts his belief in the entire right of State legislatures to control Vondg. (reorgaaliod) luoome b'da. $11,000 Dry Dock E. R'dway Class railroads. The former Granger excitement is likely to be revived U 8% A Battery KK. Ist mort. by large stock-watering of the grain-carrying roads, and it may 78, duols93 115 be a wise policy which induced the directors of the Chicago & Ballroad and niiicellancon* Storka. — The Htook market Northwestern to-day to declare only tlie regular cash dividend has been excit<'d, variable, feverish, weak and Htrong. All the of three per cent (semi-annual) on the common stock and IM adjectives customarily u.sed by our financial writers in (le«cribing (quarterly) on the preferred. the phases of the market have at times b«wn applicable. The The general terms of the Northern Pacific negotiation have central point, of course, upon which the daily fiuctuations prin- been announced. The syndicate take $10,000,000 bonds posit- cipally depended was the money market, and with the changing ively (as reported at 00) with the option of taking $10,000,000 degrees of pressure stocks went up or dowa. With a relaxation per year (at 92>^) in each of the next three years—making to plain C per cent at the close prices wore strong and general^ $40,000,000 in all. According to the annual report the company- near the best figures of the pa-st two days. It has Terjr oftao would own, absolutelj% at the close of 1880 about 1,203 miles of been the case in times of very close rates for money that prices finished road and 17,500,000 acres of land, subject to less than of .stocks held up well during the pressure and fell off imme- $7(000,000 of mortgage bonds. The new mortgage will cover all diately afterward. We can not say that this will now be the this property except only 4,056,000 acres' of land on the ca-se, but it Ls one of the old features, worth a passing notice. Eastern Division, where preferred stock is receivable in pay- The first bear attack was made on WesteVn Union Telegraph, ment for lands. Some parties even venture to suggest which fell off quickly under heavy sales, and led the rest of the that the placing of this mortgage for $40,000,000 ahead market, declimng to 87% as the lowe.st point. It was commonly of the stocks will be more favorable for the new bonds reported that Mr. Jay Gould was .short of Western Union and of than for the present shareholders, even with the prospect of Northwest common, and on Thursday rumor said that he had completing the through line by 1884, as the stockholders now settled his short contracts on the latter, and hence its decline. own all the above property, subject to an interest charge of less To-day the declaration of the ordinary ca.sh dividends onlr, than $400,000 per year. The last annual report describes (juite without any reference at the directors' meeting to a stock distriS- fully the new projected lines. ution probably helped the decline. It is claimed by many that The money market has been very tight all the week, and on to declare stock dividends on Northwest and St. Paul stocks, call loans Government bond dealers have paid 6 per cent and stock when they have been pa3'ing cash dividends so short a time, borrowers 6 per cent and 1-32 to % of one per cent a day. Time would not'be a wise policy. The fluctuations in all stocks at the loans for two months are hard to get, and prime commercial New York Stock Exchange in the past two months—October and paper of four months is quoted at 6 per cent. The main hope November—are given on another page. The injunction agaiiLSt of the market seems to be in the imports of gold, and considera- Louisville & Nashville has not prevented the transfer of stock. ble amounts have been withdrawn from bank in England and The Northern Pacific syndicate is referred to above. France this week for shipment to this country. Total sales of leading stocks for the week ending Thnrsday, The Bank of England statement on Thursday showed a decrease and the range in prices for the year 1879, and from Jan. 1, 1880, of £1,000,000 in specie, and the reserve was 48 11-16 per cent, to date, were as follows: against 51 1-3 6 per cent last the discount week; bank rate re- Bangefor mains yet unchanged at 2/^ per cent. The Bank of France lost Sales of Range since Jan. 1, 1880. Tear 1879 4,020,000 francs gcild and 5,977,000 francs silver. Week. Shares. Lowest. HighesL Loyo. High The last statement of the New York City Clearing House banks, issued November 27, showed a falling off of $2,047,325 in Canada Southern 8,991 40 May 17 74'«Jan. 14 45 U 78% the legal reserve, there being a deficiency of $105,675, against Central of N. J 99,335 45 May 2.5 90 14 Mar. 8 331a sg'g 1,725 Jan. 2 144 Nor. 20 79 100 $1,941,650 surplus the previous week. Chlcaito & Alton 901a «t Ohic. Burl. & (Diiiucy 13,729 113 June 2 17515 Not. 22 um 134% The following table .shows the chancres from the previoiw week Chic. Mil. & St. P.... 147,470 00>3 May 25 112'8Nov. 29 34^ 82% and a comparison with the two preceding years: Do do pief. 4,375 99 May 10 124 Nov. 20 74% 102% Chic. ANortliw 100,312 8718 July 9 130 Nov. 29 49 ^B 9m. Do do prcf. 10,970 104 Feb. 10 l4Gia Nov. 24 76''8 108 1830. Differ' HCesfI'' 1879. 1878. •Chic. Rock T. 580 THE CHRONICLE. [Vou XXXI. The daily highest ind lowest prices have been as follows: . Latest earnings reported—^ —Jan. 1 to latest dale.—. Week or Mo. 1880. 187<». 1880. 1879. $16,.V23 SiUurdnii. Jfnndav. TuMdrtU, Wednett. Thursdai/, Friday, Chic. &W. Mich.. 2d wk Nov $li,203 .•S71f>,575 $559,404 Nov 87. Nov. 26. A'oii. 30. Dec. 1. B«c. 2. Dec. 3. Cln. Iiid.St.L.&C.Octobor ... 22 ,;.53 Mi.\izti ... Cin. & SprinKt. ..3dwkNov. 23,789 20,219 794.039 696,636 -654 Am.Dlst.Tel. 77X 77M 7:>H TTH 75 7SH 78 7»X 'm Ciiiciunati.South. October ... 186.H75 61.377 40 40 38 89 34 38 38 31 37 38 Atl APttc.Tel. L'lev.Col.Ciii.&i.Sdwk Nov. 101,504 87,437 3.831... »1 S,23i'.773 Canadu South. 71« tm 09 72M »9 70M 68)(i 70 22 Z"^ 79 aev.Mt,V. &Del.3dwkNov. 7,.377 7,843 373,9.13 343,535 Cent.of N..I.. •iOii 8li| 7»Mi »2H 7tf« 7»n 7ex 7'^SX 'S"* ZS'' HSQ 86>2 84^ 84V« 84 84 Del.* H.Can..Pa.Div.. Sept. 117,130 112,762 838.982 890 292 Che».*i)hiu.. ifi 23 2lii 22H 21M 22 22 22% 1% 22 Denver & KioGr 4th wk Nov 122,001 38,474 3,103,420 1,096,539 •291^ 28 SOW aa% Six 292 80X 29)i Det. Laos. & No..3dwkNov. 23,566 24,109 1,033.242 970,335 187 IfltVi '.70 no 172 168 173 188 -.701* Chlo.Bur.&g 168M Diibuime&S.City.Sdwk Nov. Chlc.M.&St.P. 1U8M llU>g iuo« uaji 1'8«11U% 105% lOtiH 107% 109M 105 10754 25,690 20,774 913.967 819,437 Do pref. 122 122>l 122 124 u\ii ma 119)1 120 121 121 ' .... 120)4 Eaeteru August... 302,389 264,601 1,915,440 1,628,426 Chlc.AN.W.. 12l>^ I24>| 124 ISO 12(1)4 129 , 122 128% 121% 12»« 117)4 121 Flint (fePere Mar. 3dwk Nov. 35,' 42 27,417 1,397.466 1,000,272 141 143 144 145^ •.43M 144M 141 144 142 146)4 aai. Har.&SanA.lstwk Nov 34,382 31.635 C.R.I-&I*.new 124M y^m •122>»24H I22>4 las '*S« ^B 123 123 122)4 12214 Georgia October... 158.407 123,807 •39 40 39 39 38 3»<4 87)^ 37., Ch.St.L.&N.O. 3» sa UranilTiuuk.Wk.end.Noy.27 209,9.iO 193,125 9,535,6o6 8,112,078 Ch.St.P.M.SO 43>i 45^ 43 UH 43)4 43)4 43 44)4 Gr't Wk.end..Nov.26 Do pref. 83)^ 84% li^S'* 84 85 83 V 85)i Western. 103,680 100,731 4,612,230 4,013,326 Clev.C. C.& 1. 8S 83)^ 82)1 83>j 79)i 82 78)4 79!^ 80 81^ 8054 8154 aannibal&St.Jo.3dwkNoT. 47,396 46,.->04 2,219.272 1,690,459 Col.Chlo.il.C. 2i)ii «% 19^1 20... 19)4 20 18 19X Wi 18% 18, 19'4 Hnust. & Texas C. 3d wk Nov. 102.687 112.233 3.192,756 2,714,83a 90^ Del.&H.Canal l.2!4 88J< 91?« 88)1 89% 88% 89)4 86)4 89)4 ,!?^'< «9Js Illinois Cen. (111.). Octolier ... 675,091 623.949 5.228,822 4,699,430 101!^ lOSJt 100 lU3>i 101% 103., 10(.>, 1(12% Del.ijick.&VV. Do (Iowa) October ... 185,033 181.910 1.372,602 1,247,573 K.G. 73 t:h 74 74 76)2 77 70 7654 DenverA 'W^^^ 'fA'f^ Indiana Bl. &W.. 2d wk Nov, 23.(>3ij 18.965 1,070,471 Han.&St. Jo.. 435, 45 42, «5 41)i 43)4 40J< 42% 42 43)4 41% 42)4 1,009,623 Do pref. 03 MH B2Hi Vi% 92)1 93)2 91 93 82 93% 91% 93 Int.&Gt.Noi-th..2dwkNov. 64,943 01.9S3 1,572.310 1,422.211 Hous.&Tex.C. 71 74 Iowa Central October... 101,130 82,6.50 Ulincil.sCcnt.. 120^ 121!^ n»yi 12 ')^ 118^ 119 119^411954 11954 :1H% K.C. Ft. 8. Dkoembeb 4i 1880.J THE CHRONKJLE. 681 GEXEllAL QUOTA no ^f.S OK STOCKS AND BONDs. Qiiotatlonif In Xflw York rnprasciiit the pur cent viilno, wliiitovor tlio par rany bo; otiior qiiotutlonn arn frniinaullr invte par (lUM. TUefollowin«al)l)r«viatlrtn»ar« often lined, vln.: " M.," for " " mort,M?e; «.," for (foU ; K'd," tor (fiiarantood ; "end.," fDrendonad: forooiiTortilile; "«. f.," for " for oonsoUtlatofl ; "oonv.," olnViuK fund ; I. K'/' for loud graut. • Quotations In New York are to Thursday ; from other cltlcH, to lute mall dates. Snbucrlbern will confer a flavor by kItIiik notice of anr error diMATered In ttacM <|ao(Mlo««. United 8tatk« Bonds. Bid. Ask. STATK SKCUKITtrjI. Bid. ABk. CtTT 8Bf:t:RiTir.*. [BU. UNITKD STATR»i BONDS. Virginia- (Conllnueil)— Fall River, Miuw.—611, l90t...F* A" iTfi" 117 66, 1880 J : bomls. 1901. 23 (38 68, K C. RR., 1883-5 J&J 15 7-308 Var.l 6s, gold, cons, M&N ; 68, do A&O 115 78 i.on 119 124 6s, street impr. stock, 1 888. .M A N 109 no 6«, do coup. off. J&J 90 Southern RR. 7-oO(., 1902. ..JAJI 78, do do 188J.M&N lOt 107 I8II6.. 119 119 68, do coup. off. A&O 90 do 7-30S, u.'w I 68, gold, new consol., 68, Funding act of 18«i>, 1900 J&J 11 do 6s, g., 190d..M&Ni 7s, Westchester Co., I8'.»l... 109 no 68, do 1868,1898A&0 11 Hamilton Co., O., Gs Nowton—68, 1!>03, water loan.. J&J 121 1-23 68, new bonds, 1892-8 J&J 19 22 do 78, short 58, 1905, water loan J&.I 112 114 101 68, do A&O 19 do long 78 A 7-30s. 1 Norfolk,Va.—Gs,reg.8tk,'78-85. .JAJ no 6b, Chatham RR A&O 3 Cleveland. O.—68. long Various 88, coup., 1890-93 Var 116 68, special tax, class l,I898-9A&o 4 30-year 58 88, water, 1901 M&N 113 l'^>i 104 111 68, . do cla.ss 2 A&O 4 68, short.... Various Norwich, Ct.—58, 1907 AAd 121 123 68, do classS A&O 4 78, long Various t n7ia 118 7s, 1903 J.&J 48, new 81 78, short Varloiist Orange, N. J.—7s. long 1 110 1 103 48, new, small 80 Special 78, 1879-'89 Yearly I Oswego, N. Y.—78 Ohio—68,1881 J & J 103 Columbus, Ga.—78, Various Var. 80 90 Paterson, N. J.—78, long Vai 115 116 108 no 68,1886 J & J 110 Covington. Ky.—7-30s, long I 115 68. long 102 104 Pennsylvania—58, gold, '77-8.F&A* 7-308, short 1 58, loug JAJ 100 58, cur., reg., 1877-'82 F&A 8s I Petersburg, Va.—68 58, new, reg., 1892-1902 F&A 116 Dallas, Texas—88, 1904 83 95 88 J&J 113 68. 10-15, leg., 1877-'82 F&A .!.... 10s, 1883-96 95 105 88, siiecial tax 15 reg JAJ* 68, 15-25, reg , 1882-'92 F & A 107»a Dayton. O.—88 1 115 Philadelphia, Pa—58, Kbode Island—«a, 1882 M&SI .... Detroit, Mich.—78, long Var.l no 120 6s, old, reg JAJ 68,1893-9, coup J&J 115 78, water, long Var.t 115 122 6s, new, reg., due 1895 Aovcr. JAJ 135 South CaroUnii—Us, Act ot March) -, District of Coluin'-la— 48, new 109 '^^ 6 ooiip..l913..JAJ. 23,1800. Nou-fundable, 18-8.. S Consol. 3-G3S, 1924, coup FAA 100 101 Pittsburg, Pa.—48, Browne consols 103 105 Consol. 3-G5S, 1924, reg loO 101 58, reg. and coup., 1913 J&J. Tennessee—68, old, 1-90-98 J&J 47 50 Funding 58, 1899 FAJ 1117 78, water,rcg.Acp.,'93-'98...AAO. 6s, new bonds, 18921900 ..J&J 41 46 do small J.tJ 107 7a, street Imp., roir, '83-86 ... Var 107< 68, new series, 1914 J & J 41 do registered JAJ 105 Portland. Me.— 682 THE CHRONICLE. [Vol. XXXI. GENERAL QUOTATIONS OF STOCKS AND BONDS—Continued. For Explanatlona See Note* at Head of First Page of CITT SECDMTIB8. Bid. Ask. RAILROAD BONDS. Bid. Ask. Bailroad Bonds. Bid. Ask. g.,'89. no9 Ill Chic. L. Bichmond. Va.—^Contlnned)— CaUfor. Pac—lat M., 78, J&J St. & N. O.— (Continued)- IO3J4 105 2d M.. 6s, g.,end C. I'ao., '89.J&J 101 N.O.Jack.&Ot.N.,l3t.,as.'86.J&J 112 115 5a 1905. t96 BooHesler, N.Y.-68 Var. 103 3d M. (guar. C. P.), 68, J&J do 2dM.,8s,'90,ctf8.A&O 112 116 127' 3s, 1905. J&J 50 112 78, water. 1903 J & J 120 do do do 2d mort. debt A&O 115 l8t,78, g., '93.. J&J 116 102 Kocklaiul, Mc—Cs, '8()-09,RR.F&A 101 103 Camden & Atl.— Chic.St.P.Min.&Om.—Con. 68, 1930 102% M., 6s,'97.F&A 105 107 Jiwcpli, Mo.—78 Var. 70 75 Cam.& Bur. Co.—Ist Ch.St.P.&Miun. lst,6s,1918M&N Bt. M.,guar.,1908.J&J 100 Bridge 10a, 1891 J & J 75 Canada So.—1st 100% Land grant, inc., 68, 1898M&N 1181s l6t,0s,g.,1923.J&J 60 70 North Wise, 1st Os, 1930. . . .J&J 106 8t. IxiiVls, Mo.—68, Bhort Var. H08 OarolinaCcnt.— gold, 1890 J &D 1110 Catawi8S!i-l8t M.,78, 1882. .F&A St. Paul&3.City,lst6s,1919.A&0 106 107 Water 68, II714 tl04i2 (new), 1892. A&O 111 New mort, 7s, 1900 F&A Cin. Ham. &Dayt.—2d, 7s, '85 J&J 1061)2 do do 112 (H3ia Bridge approach, 68 111 Cedar F. & Min.—Ist, 78, 1907. J&J Consol. mort., 7s, 1905 A&O 115 '91. tll5 117 Kenewal, gold, 6s Var. 112 Cedar R. & Mo.—Ist, 78, . .F&A do 68, 1905 A&OdOlia 1061a (117'2 119 Cin. i Bewer, 6s, gold, 1891 -'93.. ..Var. llO'-a 111 Ist mort., 78, 191G M&N H. & L, Ist M., 7s, 1903.J&J 1st. cons. , 78, '93. J&J 116 117 Cin. I. St. L.,& Chic—Con. 6s, 1920 107 Bt. U Co.—Park, 6b, g.,1905. A & O 114 Cent, of Ga.— 2d,end.,78,'79. 100 1 Ciurenoy, 7b, 188'7-'88....Var. 109 Macon & Aug., J&J Cin.& Indiana, Ist M.,78.'92.J&D 109 114 lllia i '88-'90. 101 107 Cent. Iowa—New 1st., 78 , '99. J&J 1091a do 2d M.. 78,'82-87.J&J 102 Bt. Paul, Miun.— 68, . J & D debt certs.", 7s,A&0 85 12 Indianapolis C. 78 of '97.. . tl05 78, 1890 M&N 110 115 Inc. bonds," 881a &L., 106 1st M.,78,'90.F& A 117 Ind'apolis Cin., Ist, 7s,'88. 107 88, 1889-96 Var. 112 Central of N. J.— & A&O tll7 118 7s, conv, 1902, assented—M&N Cin. Laf.& Ch.— Ist, 78,g.,1901.M&8 103 108 Salem, Mass.—68, long, W. L. . A&O aasented.Q— 112' 114 Cin. Rich. '95. (104 58, 190-1, W. L J&J tl09 111 Consol. M.,7e,1899, & Chic—Ist. 7s, J&J 1903 110 IIII3 Cin. Rich. F. Ist, . 95 B. Francisco— 78, g.,Clty & Co. .Var. 100 108 Adiustment bonds, & W.— 78, g. .J&D Bavannali funded 58. oousols. 82 85 Income bonds, 1908 M&N 92 Cin. Sand'ky & CI.—6s, 1900. .F&A (1021s 104 80 Bomerville, Mass.—58, 1895.. A&O fl06 108 SmaU bonds, 1908 M&N 85 7s, 1887 extended M&S Co., 7s,'86 122 101 68, 1885 J&J tl07 108 Am. Dock & Imp. J&J Consol. mort., 78, 1890 J&D 102 assented 122 124" I., 1901. 110 6>S8, 188-1 A&O tlOSHi 110 do Cin.&Sp.—78, C.C.C.& A&O Bpringflcld, Mass.—68, 1905.. A&O tll7 118 Leh.& WUkesbarre Coal,'88,M&N 87 7s, guar., L.S.& M.S., 1901. .A&O 115 122 78, 1903, water loan A&O (121 123 SmaU bonds, 1888 M&N 81 Clev. Col. C. & I.—l8t, 78, '99. M&N 1900.M N tl09 Consol., 78, gold, 1900 Q-M 125 Consol. mort., 7s, 1914 J&D 119 Toledo, C—7-308, KR., & 99I2 88 Var. 112 120 do aasented 102% Belief. & Ind. M., 7s, 1899...J&J 112 117 111 lllia g., 88, water, 1893 & '94 Var. 115 122 Cent. Ohio—1st M., 68, 1890. .M&S Clev.&M. Val.—lat, 78. '93. F&A Washington, D.C.—See Dist. of Col. Cent. Pacific- 1st, 6s, g.,'95-98.J&J I1514 S. F. 2d mort., 7s, 1876 M&S Wilmington, N.C.—68, gold, ecu. on 90 State Aid, 73, g., 1884 J&J aev.Mt.V.&Del.—l8t, 7a, gold,J&J g.l900. 106 88, gold, cou. on 100 S. Joaquin, Ist M.,6s, A&O Columbus ext., 78, gold, 1901 Worcester, Mass.—68, 1892... AAO tll7 118 Cal. & Oregon, 1st, 6s, g.,'88.J&J 105 Clev. & Pitts.-4th M., 6a, 1892.J&J 111 113 68,1905 A&O 111 IIIJ2 Cal.& Or. C.P.bonds, 6s,g.,'92 J&J JllO 112 Consol. S. F., 78, 1900 M&N 123 Teniers. N. Y.—Water. 1903 1113 118 Land grant M., 63, g., 1890. A&O 108 C. C. & I. C—1st eons, m., 7s .A&O 105 108 RAILROAD BONDS. West. Pacif., 1st, 6s, g., '99.. J&J 112 2d mort., 78, 1909 F&A 75 Ala.Cent.—l.stM.,Ss,t,'., 1901.. J&J 90 100 Charl'te Col.&A.—Cons.,'78,'95.J&J 108 110 Trust Co. cert., 1st, ass'd 1021s 105 Ala. Gt. Southern- 1st luort., 1908 108 110 2d mort., 78, 1910 J&J 97 102 do do supplementar.v 10258 Ala.& Chatt., 78, receivers' ctfs.. Cheraw & Darl.—Ist M. ,88,'88. A&O 118 120 do Income 78 .. 1 890 55 Alb'y & Susq.—lat M., 78, '88.. J&J 116 2d mort., 78 106 Cliic. & Gt. East., 1st, 7s,'93-'95 85 2d mortgage, 7s, 1885 A&O 107 12 109 Clics. & Ohio— Pur. money fd.,1898 109 C0I.& Ind. C, Ist M.,73, 1904. J&.J 113 117 Consol. mort., 78, 1906,guar.A&O 117 Series A do 2d M.. 7s, 1904.M&N 103 Allegh.Val.—Gen. M., 73-103. .J&J 121 6s, gold, series B, int. def. 1908.. 731* 73=8 Un.& Loganap.,lst,78, 1905. A&O 105 110 bonds, 100 East, exton. M., 7s, 1910. . . .A&O 104 6s, gold, small 1908 T. Log.auap. & B., 78, 1884. .F&A 102 Income, 78, end., 1894 A&O 32 6s, currency, int. deferred, 1918. 42 la 43 Cin. & Chio. A. L., 1886-'90 95 100 Atch'n & Neb.— l8t,7s, 1907. .M&S 1141^ 1151a 6s, currency, small bonds, 1918 . 40 Col. & Hock.v.—lat M., 78, •97.A&0 (112 Atch.& Pike'sPeak-lBt.7e, g.M&N 100 105 Va. Cent., 3d M., 6s, 1884... J&J 102 2dM., 7s, 1892 J&J (103 103 Atcn.Top.&S.F.— l8t,78,g.,'99.J&J 1124 12414 Cheshire-6s, 1896-1808 J&J (105 107 Col.Snrinsf.&C-lst.7s,1901.M&S 1902 A&O tl24 I2414 Chester Val.—1st M.. 7s, 1872.M&N Col. & Toledo— 1st mort. bonds (110 V15 Land grant, 7s, g., 125 2d mort., 78, g., 1903, conv. A&O tl35 140 Chic. & Alton— 1st M., 7s, '93.. J&J '.2 127 Col. & Xenia— 1st M., 7s,18n0.M&S ( Land income, 88 J&J 1104 105 Sterling mort., 6s, g., 1903. .J&J :ii6 118 Conn. &Pas.sump.—M., 7s, '93. A&O (1151-. Lie" Guaranteed 7b, 1909-. J&J&A&O 113 115 Income, 78, 18S3 A&O Massawippi, g., Gs, gold, '89 J&.I (102 105 5s, 1900 99 3i 100 Bds. Kan. C. liue,68,g.,1903.M&N 115 Conn. Val.— 1st M.. 73, 1901... J&J 65 67 • riorcnce& El Dor'do, l8t.73-A&0 107 >s 108 Miss.Riv.Bridge, lst.,s.f.,6s,1912 105 Conn. West.— Ist M., 73, lOOO.J&J 30 33 K.C.Topoka&W., 1st M.,78,g.J&J tl21l2 122 JoUet & Chic, Ist M.,8s,'82..J&J Connecting (Phila.)—1st, 63 ..M&S 111 do income 7s. A&O 108 110 Ixmis'a & Mo.K., 1st, 7s,1900F&A ii's' Curol)eird& Penn—lat 63,'91.M&S N.Mex.&So.Pao.,l8t,7s,1909 A&O 116H ll6%i do 2d, 7s, 1900 M&N 105 2d 6s. 1888 M&N Pleas't Hill &De Soto, lst,78,1907 111 11114' 8t.L.Jaek8'v.& C, l3t,7s,'94. A&O 1141a II5I3 Cumbeii.Val.—lstM.,88,1904.A&O PiioWo & Ark. v., Ist, 7s, g.,1903 H1714 II712' Chic. B. & Q.— Ist, S.F.,8s, '83. J&J 110% Dakota Southern—7s. gold,'94,F& A, t95 100 Wichita&S.W.,l8t,78,g.,gua.,1902 f 108 Hi 110 Consol. mort., 78, 1903 J&J 130 Danb'y & Norw.alk—7s, '80-92. .J&J^ 100 I Atlanta & Cliarlotte Air L., let, 7s 99^ 100 la' Bond.s. 5s, 1895 J&U (101 102 Dayton & Mich.—lat M., 7s, '81.J&J Tucome, 68 65 70 I 58.1901 A&O 2d mort., 7.S, 1887 M&3 Atlan.& Gt.W—2d M., trustees' etff J2912 301a Bur. & Mo. R.. I'd M., 7s,'93.A&0 118 120 3d mort., 7s, 1888 A&O 3d do do do (133* 14141 do Conv. 88.'94 ser.J&J (165 Dayt. & West.—lat M.,63, 1905.J&J L'8edL.rontaltr'8t'73,Trus.eer.7s (34 36 Bur.&Mo.(Neb.),lst.68,1918.J&J 111 112 Ist mort., 73, 1905 J&J West. ert. certife, 8s, 1876.. J&J •78 82 do 88, couv.,1883.J&J 165 Delaware—Mort., 6a, guar., '95 -J&J do do 7s, guar. Erie 178 82 do Cons, 6s, non-cx..J&J (IO312 104 D0I.& Bound B'k-lst, 7s,1905F&A Mort. del). 48 ;73 75 do Neb. RI4,lst,78,A&0 113 Del. Lack.& W.—2d M.,78,'82.M&S I01»s Atlantic & Gulf—Cons. 78, '97. J&J fl07 111 do Om.&S.W.,l8t,8s,J&D 123 125 Convertible 78, 1892 J&D 115 ist mortgage, 7s J&J 105 Dixon Peo.& H..lst, 88,'74-89J&J 113 Mort. 73. 1907 M&S 125 • S.Ga.&Fla.,lstM. 78, 1899,M&N 112 115 Ott. 08W.& Fox K., M.,8s,'90.J&J 122 125 Den.& Rio G.— Ist, 73, g..l900.M&N 109% UO At.Mi88.&Ohio.—Com.bondh'rs efts 112 114 Qulncv& Wars'w, 1st, 8s, '90.J&.I 116 118 Ist consol. mort., 7s, 1900. . . .J&J 1071a 107% Norf'k&Pet6rsb.,l8t,8s. '87.J&J 103 108 Chic. & Can. 8o.-lst, 7s, 1902 A&C 55 65 Deuv.S.P.&Pac—lat,78,1905 .M&N 105 12 do 1st M., 78, 1887. J&J 103 Chic.Clin.Dub & Minn.-7s,'84 F&A Des M. & Ft. D.—Ist, 6s, 1904. J&J 101 104 do 2d M., 83, 1893. J&J 110 7s, 1910 J&J 108 Detroit & Bay C—lst,8s,1902.M&N 80 90 South Side,Va.,lst,88,'84-'90.J&J 110 Chic. & Eivst. 111., S. F. c'y. 1907 .. 107 13 1st M., 83, end. M. C, 1902. M&N till lis do 2d M., 6s,'84-'90.J&J 99 do small bonds 97I2 100 Dct.G.Haven&MiL—Eiiuip.68,1918 $112 114 do 3d M., 6s,'86-'90.J&J 98 do income bonds, 1907 .. 93 93 Con. M., 5i UBcraiBBR 4, 1880.] THE CHRONICLE. 583 GENERAL QUOTATIONS OP STACKS AND BONDS—Contixokd. For Bxplanatlona See Notes al Head of Flrat Paxe of QnotalloB*. RAILBOA.D BOKSS. Bid. Ask. Railboad Bond*. Bid. Aik. Baiuoas Bokm. Bid. Hannibiil|Ji Nap —1st, 78, '88.M 2d mort.. Income, 88, 1909 63 64 do 2d, 1892.....M&N 2d mort , 8a, lOOa JAJ 81 lonla* Lansing— Ist 88, '89. ..J&J 113 114 Mo.Pac— let mort., 68,gld,'88, F&A 107 Js 108»4 Phlla. A Erle-Iat M.,ea,l88I.AAO 101 «« lowaCity&West.- l8t,78,1909M&8 2d mort.. 78, 1891 JAJ 117% 2d mort, 7a, 1888 JAJ U8 119 I'a Falls & Sioux C— 1 st, 78,'99 A&O H08>a 109 Car. B., 1st mort., 6«, g. '93..AAO Uen. M.. guar., Oa. g., 1020. .JAJ U16 118 Itbaca & Athens.- 1st m., 7s.g.J&J 105 3d mortgage 105 107 Sunburv&Erie. let Sl..7a.'07.AAO Jefferson-Hawl'y Br. 78, '87.. J&J 100 105 Income, 7s, 1892 MAS Philadelphia A Rea 2dmort., 78, 1910 J&J 107% 108'4 2d pref . debentures 52 53 »3 Dobentiirc, 1893 JAJ 40 Ind'poUs & Mad., l8t,78,'81.M&N 100 3d pref. debentures 41>3 45 Mort.,78, coup., 1911 JAD 122 133>a Junction RK.(Pliil.)—lst,68,'82 J&J 4th prcf. debentures.. 44 Gold mort, 68, 1911 JAD 112ia 2d mort., 6s, 1900 A&O New mortg.ige, 68, 192'7 105 14 Improvement mort., 6», 1 897 K.C.Ft.Scott& G.—l8t,78,1908 J&D 110 11013 Morris A Eaaex— 1st, 78, 1914 M&N I33I2 Gen'l mort, 6s, O. C., 1908. .JAJ 85 00 Kansas C. Lawr. & So. Ist. 48. 1909 99% 100 2d mort 78, 1891 F&A 115>i 118 New convertible, 7s, 1803.. .JAJ K.C.St.Jos.A C.B.—M.7s,1907..J&J (115 11519 Construction, 78, 1880 F&A 113 G. 8. f., $A£.6s,g..l0O8, X ci>aJAJ :80 88 Kansas & Kebraska-1st mort 73 75 Bonds, 7s, 1900 J&J 115 Scrip for 6 deferred »3 couiions .. :83 Oi. 2dmort 30 3D General mort, 7s, 1901 A&O 116 118 Coaf & I., guar. M., 7s, "92.. MAS KeoInik& Des M.—Ist.Ss, guar.A&O 99 Consol. mort.,78, 1915 J&D 11918 Income mort., cons. 78, '90. JAP Small bonds A&O, 95 Nashua & Low.—Gs, g., 1893. F&A tllO 112 Phila. Wil.ABalt.—Os, '92-1900AA0 HI 113 L. Erie & West.- Isl, 68.1919. F&A 10694 10G% 58, 1900 104 .58, 1910 104% 105 Saudusky Dlv., 6s, gold, 1920.... Nashv.Ch.A St.L.— 1st, 7s,1913 J&J 117 118 Pitt8b.C.& StL.—lat,78, 1»OO.FA.\ Income, 78, 1899 66 67 Ist Tenn. & P.ac, Os, 1917... J&J 2d mort, 78. 1913 AAO La!. BI.&Mun.,lst, 6s,1919.M&N lOiSs 101 1st McM. M. W.&A.,68,1917.J&J Steubenv.A Ind., lst..0».'84.Var. 1031s do Income, 7s, 1899.. 08 71'2 Nasbv.&Dccat'r.— l8t,7s,1900.J&.I 115 Pittsb.&Cou'ilsv.-lstM.78,'98.J&Jl l.'O l'i3>4 Lake Shore & Mich. So.— Natchez Jack. & Col.—Ist 7b. 1910 102 Sterling cons. M., 68,g.,guar.JAJ JMO 118 137 M. 8o.& N.T., S.F.,l8t, 7s,'85.M&N 109^8 Novtula Cen.— 1st 6s, 1904 . . . . A &0 100 Pittsb.Ft.W.&C.-lst, fs, 191'2.JAJ Cleve. & ToL, let M.,78, '85.. J&J 112 Newark A N. Y.— 1st, 7s, 1887.J&J, tlOO 2d mort., 78, 1912 JAJ 1'27 i'so" do 2d M., 73, 1886.A&0 106 110 Now'k S'aet&S.- Ist, 78, g.,'89.MAN 107ifl lOSia 3(1 mort. 78, 1912 AAO lii2 CI. P. &Ash.,new7s, 1892. .A&O II314 N'burgh&N.Y.— 1st M. 78,1S88.J&J 99 102 Enuipment 8s, 1884 M&S :iio 113 Ball.&E.,newbd9,M.,7s,'98.A&0 123 125' N.Haven&Derby, l8tM.,7s,'98.Viir Pitts. Titusv.A B.—New 78.'»0PAA 81 Buff. & State L., 78, 1882....J&J N. H.&N'th'ton-lstM.,7s,'09.J&J 114 116 Buff.Ch.L &Pittl8t78.1909 MAN Det. Mon. & Tol., Ist, 78, 1906. . Conv. 68. 1883 A&O 90 98 Oil Creek, 1st M., 78, 1882. . . AAO lom Jamcst.A Frankl..lst,7s,'97.J&J N. J. Southern—lat .'H.,new 63. JAJ 89 95 Union A Titusv., l. let mort, 68, reg.. 1898 J&D 120 2d mortgage 13 17 I Rich. A Petcrsb., 88,'80-'86...AAO 2d mort., 78, 1910 M&S 130 N. Y.& Ilariem—7a,coup.,1900.M&N 132 134''8 Sew mort.. 78, 1915 MAN Riv. Ches., 8s... 111 111 Gen. M., s. t., 6.1, g., 1923. . . .J&D 7e, reg., 1900 M&N 132 Richmond York & Delano Ld Co. bds. end.,78,'92J&J N.Y. L.E.&W.—1st 7e.'97,ext. M&N I2514 128 RomeWafn&O.—8.F.,78,1801.JAD 110 IIL 78, 1892 J&J 104 too Little Miimi—l8tM.,6s,1883.M&N H02 2d mort exten.. .5s, 1919 ...MAS 107 I 2d mort, 109" L. Rock& FtS.— lat,l.gr.,7s '95. J&J no's 3d mort, 7s, 1883 M&S 108 14 Con.aol. mort, 78, 1904 AAO 75 78 .«., 88, 1902. ...MAN 199 « 99% Little Schuylkill— Ist, 7s, '82. A&O 104 4th mort, 78, 1880 A&O 106 I 1081a Ruthiud— Ist molt., 58 F&A 74 75 Long Island—Ist M., 7s, 1898.M&N 111 113 5th mort , 78, 1888 .I&D 110 Ill's Euulpmout, 2d 82 2d mort., 78, 1918 80 85 1st cons M., 78, g., 1920 M&S 121)14 127 St. Jo.seph & Pacif.— 1st mort 8& Newtown & Fl., 1st, 7s, 1891 50 New 2d cons. 6s, 1969 JAD 9714 2d mort - 36 38 'g4.JAJ 111 120 N. Y. & Rockaway, 78, 1901. A&O 50 1 st con i. fund coup..78,1920 M&S 121 StUAlt&T.H.-lat M..78, Smltht'n&Pt. Jeff.,7s, 1901.M&S 60 70 2d cocj. f'dcp.,5s,1969 J&D 100 2d mort. prof.. 78. 1894 .... FAA 100 110 Lou'v.C.& Lex.— l8t,7s,'97 J&J (ex) II6I2 117 Goldi ncome bonds, Gs, 1977 SO 2d Income, 78, 1891 M&S 97 98 112 2d mort., 7s, 1907 A&O 108 14 109 Lon^ Dock mort, 78, 1893.. J&D 117 Bellev.&S.ni..lst.S.F.3s.'90.AAO 117 Loul8T.& N.—Cons.lst, 7s, '98 A&O 120 N.Y.A N.Eng.— 1st iSL, 7s, 1905J&.1 114 II414 it. Louis A I. Mt-l8t.78. •92,F&A 118 104 ig 101% 2d mort., 7s, g., 1883 M&N 104 Istinort.. 68, 1905 J&J 104 IOII4 2d mort, 78. g., 1S97 M&N Cecilian Br., Ts, 1907 .M&S 107 N.Y.».H.&Hart.H.&P.l8t,78.A&0 Ist 78, inc., pf. int. accumulative. 88 91 Louisville loan, 6s, '80-'S7..A&O 104 105 N. Y. Penn. A O.— let 7e, 1905 54 2d 68, Inc., Int. accumuLitive 71 76 J53 107 Let). Br. ext., 7s, '80-'85 do prior lion, 68,1895 103 105 Ark. Br. 1. gr.. M.. 7a. g., '97.J&I) I0413 105 la Leb. Br. Louisv. I'n, 6s, '93.. A&O N.Y.Prov.&B'n—(;cn.7s,1809.J&J 125 Cairo Ark. & T..l9t,Ts.g..'97.J.«:D Mem.& 0.,stl., M.,7s, g.,1902J&D 119 121 North Carolina—M., Gs 96 99 Cairo &Ful..l8t.l.g..78,g..'9l.J.vJ 111%, M.&Clark8V..st'g,68,g.,1901 F&A :108 110 North Penn.- 1st M., 68, 1885. J&.l IO8I2 itL.&3anF.—2d M.,ol!i88A,'OG.MAN 96 1001! 82 14 85 i M&N N. O. & Mobile. 1st 6.S. 1930. J&J 105 Hi 2d mort, 78, 1896 M&N 117 2d M., cbiss B, 80 8-J Nash. & Dec, Ist 7s, 1900.. .J&J ii3' G3n. mort, 78.1903 J&J 120 do elasaC, 1900 MAN .JAJ 104 E. H. & N., Ist 6s, 1919 J&D 100 Noi til Wise— 1 st, 68, 1930 J&J South Paclflc— let M. 1888 Gen'l mort, 6s, 1930 J&J 103 Northeast.S.C- l8tM.,88,'99,M&S i25' P. C. AO. l9t 68 FAA 10t>a Maine Cent.—Mort 7s, 1898. ..J&J fl20 121 2d raort.-Ss, 1899 .M&.S 115 Equipment 78, 1895 JAD lom S.E.--Con. M..7a. g.,'94M AN Exten. bonds, 68, g., 1900.. .A&O tl07 108 !« North'n Cent.—2d mort.,63,'85.J&.) 109 112 3t UA 36" Cons. 7s, 1912 A&O 1113 114 3d mort, 6s, 1900 A&O 114 115 let, cona., 78, g.. 1!K)J KAA 1897. Androscog. & Ken., 68, 1891. 1108 109 Con. mort., 6s, g., coup., 1900.J&J 112 114 Evansv. H. A S.,lst,78. J&J F&A 122 Leeds & Farm'gt'n, 6s, 1901.J&J 109 1)8, reg., 1900 A&O 114 3tL.Vand.&T.H.-l8tM.,78,'97.JAJ U08 g., 97 Portl'rt & Ken., lat, 68, '83. .A&O tl03 104 :VIort. bonds., 5a, 192G J&J 95 bViia' 2d mort, 78, 1393 MAN Ts.guar.. '98 MAN 103 do Cona. M., 68, '95..\&0 108 109 t;on. mort, etg. Ga, g., 190-1. . .J&J 105 107 2d, ll'J Man.Beach Imp ,lim.,7s, 1909,M&9 90 J^orth.Cent'tMieh.—Cons.,6s,1901 StP.Minn.A Man.—Ut7a,1909 JAJ N.y.&Man. Beach, lst78.'97,J&J i'06'2 Northern, N.J.— Ist M., 63, '88. J&J V99' loi" 1st, 78, 1909, small JAJi AAO .... 101 Marietta & Cin — Ist JI..7S. '91F&A 115 North.'Pac, P. D'O Dlv.—6s. M&S t 102 2d6a. 1909 Sterling, 1st M., 7s, 1891. 112 Norw'h&Worc'r— lat M..6s.'97.J&J 115 117 St P. &S. City— Ist, Os, 1910. AAO g., F&A .•• 2d mort., 7s, 1896 M&N 83% 86 0,;d'nsb'g&L.Ch.— l8tM.6s,'98.J&J 101 IOII4 Mort. on now lines I 78,1903.J.U it 1 10 114 3d mort., 8s, 1890 J&J 45% 46 ;l. F., 8s. 1890 M&,' HOOia 101 Sandusky M.&N.-lst, l8t.M.,78.-89JAJ| .... Scioto & Hock. Val., let, 7s.. M&N 105 llOJ Ohio Cent.— let, mort.,68,1920, J&J 101 Savannali&Chas.- fund.l 100 102 Bait. Siiort L., Ist, 7a, 1900. .J&J 105 Incomes, 1920 52 55 Scioto Val.— iBt M.. 78, sink'g Cin. & Bait, 1st, 78, 1900... J&J 105 IstTer'l Trust. 68, 1920 J&J 101 2d mort -.-.^a.;;-; inOlJAJ .... Marietta P. & CTev.—1st, 78, g., '95 Ohio&Miss.—Cone. 8. F.78,'98.J&.1 118 Isham.VaLA P.-l8t.7a. g - Conaol. 7a J&D Cons. mort,7e, '98 J&.l 118 '3heboyg-n&F- 584 THE (:hk,oni(;le. [Vol. XXXI. GENEllAL QUOTATION'S OF STOCKS AN^D BON"DS—Co^Tr>fuED. For Explanations See !Totes a* Head of PIrst Page of ((notations. Bailboad Bonds. Bid. Ask. Railroad Stocks. Bid. Ask. Railroad Stocks. Bid. Ask. Albany 100 163 Louisville New Albany 8o.AN.Ala.— l8t,8s,K.,en * Price nnmlnal ; no late toaaiacttona. I i^aa^t.anp«rshare. TliepoiolUMaraiso ^.tja ^oonu .totereat. t lu LoiMlQn* 1 1n A Drcehbkb 4, 1880.] THE CHRONICLE. 685 GENEIiAL QUaTAriONS Oh' sroUKS AND BONDS-CoTnMUBD. Por BKplanatlon» Hoe Wotea «t Head of Pint Pace of ((aalalloBa. Canal Stocks. BiQ. Aak. MtSCELLANEODS. Bid. Ask MlllCi:i.LAICi!OI.'ll. Bid. A«k. Ml>CBLLAIBOi;t. CANAL BONDS. TKI.KUItAPH Nashua (N.H.)... .800 745 i7B5 Ballloo Alberniarlc ' Price nominal; ao Into tr»ng3CtiaQ8. I T:ie purohaser aUu pays accrued ua. Ua iMutxon. $.«uoiauuu ^. •ud>v. . 5 - . 586 THE CHRONICLE. LV^OL. XXXL GENERAL QUOTATIONS OF STOCKS AND BONDS—Concluded. 9oT Bzplanation* See Note* at Head of First Pase of (^notations. Bask Stocks. Bid. Ask. Bank Stocks. Bid. Ask. Bank Stocks. Bid. Ask. Insurance Stocks. Bid. Ask. BOSTON— (Contin.) Masonic 100 105 106 Merchants' Nat Mobile Mutual 70 50 55 Blue Hill .100 105 105% Merchants' Nat. ..100 118 120 Nat. B'k Commerce..50 55 Planters' Si, Merch.Mut 35 40 Boston Nat 100 112»a 112% Northern of Ky ... 100 98 100 Nat.B'k Gcrmant'n.50 90 Stonewall SO 85 SorlstOD.... 100 114 114% Second Nat 100 102 Nat.B'kN. Liberties 50 133 Wash'ton Fire & M. .50 40 45 •Bngliton, (Nat.)... 100 102 102% Security 100 130 Nat. B'k Republic . .100 NEW ORLEANS. Broadway 100 90 Third National.... 100 106 National Security. 100 Crescent Mutual xl06 108 Hill 100 ICO 163 Western 100 102 Penn National 50 58 Factors' and Traders'. x04% 105% Buukcr I •Ceutral 100 111 112 West.Pinan. Corp.. 100 100 101 People's 100 Firemen's 58 •City IW WIM 117% MOBILE. Philadelphia Nat. .100 200 Germania 93 Cioliunbian 100 150 150% Bank of Mobile 25 25 Second Nat 100 Hlbemia 100 ••3 IOIS3 Comiuerce 100 120«s 121 liFirstNat 100 120 Seventh Nat 100 83 Home 31% 321* Common-wealtU .. .100 117% 118 Nat. Commercial .100 90 100 Sixth Nat 100 Hope 59% 63 Continental 100 ll45j 115 MONTREAL. Southwark Nat 50 Lafayette 55 14 5«% Eagle 100 117 117% I British N. America.... 103 103% Spring Garden.. ..100 Merchants' Mutual . . x99 100% Uliot 100 113 II314 Commerce 50 140>4 140% 22d Ward 50 Mechanics' & Traders' 99 100% Exchange 100 143 143% Dominion 50 133 ThirdNat 100 80 New Orleans Ins. Ass'n 32 32% Everett 100 ll2k 113 IDuPeuple..- 50 94 96 Union Nat 50 65 Now Orleans Ins. Co 55% 57 Faueull Hall 100 125 125%! Eastern Townships 50 115 118 Western Nat 50 85 People's 24% 104 First National 100 202 205 I Exchange 100 68 70 West Philadelphia.! 00 Sun Mutual 103% ibi% Flr-st Ward 100 99 100 Federal 100 130 PORTLAND, MB. Teutouia 109% 112% Fourth National.. 100 100 101 ! Hamilton 100 108 Cumberland Nat.. .40 57 59 NEW YORK. Frcemans' 100 120% 120% nochelega ....100 hb Canal Nat 100 160 161 American 50 140 100 l.'iO 152 Globe 100 110 110% I Imperial 100 120% 122% OascoNat American Exch. .100 102 Hamilton 100 121% 123 ;,iiicqucsCar"-lcr...lOO 97 9S FirstNat 100 150 151 Bowery ..25 193 113 Hide * Leather ... 100 117% 118 Maritime ;....100 .... Merchants' Nat 75 111 Broadway 25 BIO Howard 100 II8I4 118%, .Merchants' 100 117 118% National Traders'. 100 149 150 Brooklyn ; — 17 190 200 501 VA. 20 195 107 lOS 1 RICHMOND, Citizens' Manufacturers'. . .100 IO714 107% Molsous Market lOd 103% 104 Montreal 200 162% 163 City Bank 25 24 25 City 70 120 125 Market (Brighton). 100 130 133 Nationale 50 80 81 'First Nat 100 130 Clinton 100 120 140 MassaohuBetts 250 117% 118 Ontario 40 102 103 Merchants' Nat... 100 101% 105 Columbia 30 58 205 210 Quebec 100 108 Nat. Bk of VirginialOO 97% 100 (Commercial 50 100 Maverick 100 i 121 125 92 94 Planters' Nat 100 120 Continental 1 00 190 Mpohanics' (So. B.) 100 standard i Mcreliamll.se 100 107 108 Toronto 100 140 142% State Bank of Va.lOO 102 Eagle 40 210 Mcrchant.s' 100 142% 143 anion 100 91 94 ST. LOUIS. Empire City 100 95 100 . 103 Metropollt.an 1 00 110 112 vine Marie 100 30 40 ! B'k of Commerce. 100 332 Exchange 30 100 1 173 173 ORLEANS. Commercial 100 210 Farragut 50 125 Momnnent 00 NEW I Mt. Vernon 100 109 UO Canal & Banking.. 100 114^4 115%!]Continental 100 93 100 Firemen's 17 95 102 New England 100 149% 150 Citizens' 100 99 % 100%j Fourth National ..100 235 275 Firemen^s Trust — 10 105 North 100 12(1% 130 iGcrm.amaNat 100 103% International 100 90 95 Frank.&Eiup'ium 110 120 100 150 153 North America 100 110% 111 1 tlilieruia Nat 100 100 Mechanics' 100 91% German-American Old Boston 50 01 01^4 [.otiisianaNat.. .. 100 100 101 Mercliants', Old 5 Germania 50 143 Paeiflc 100 112% 113 Metiopolitan 90 93 Merchants' Nat ...100 104% Globe 50 112 Pcoplo'B 100 160 161 .Mutual Nat 100 103% 104% St. Louis National. 100 102 105 Greenwich 25 250 Eedcmvtion 100 141% 142 .Vew Orleans Nat.. 100 130 130 ' Third National.... 100 100 (Suardian 100 68 73 Eepu'ollc 10( 127 127% People's 50 47 48% Vallev Nati(mal...lOO Hamilton 15 130 Kevore IOC 120% 121 State Nat 100 103 SAN FRANCISCO. Hanover 50 les 170 Eockland 100 130 133 OuionNat 100 96 Anglo-California Hoffman 50 90 Becond Nat 100 151 152 NEW YORK. Bank of California 131 132 Home 100 135 140 Security 100 185 200 America 100 135 145 FU-stNat. Gold. ...100 107 Hope 25 60 65 Shawmut 100 121 121% iAmerlcan Exch'gelOO 117 Grangers' B'k of C.IOO Howard 50 110 1 100 Shoe & Leather 100 II4I4 111% jBank.&Br'kersA.lOO Merchants' Exch . . 00 Importers' & Trad. .50 93 State 100 121% 122 Broadway 25 Nat.Gold Bank& Tr. Co Irving 100 65 70 Suffolk 100 11!) 119% lButcUers'&Drover625 112 Ipaciflc 1'22 Jefferson 30 130 100 106 108 Central National.. 100 120 [Wells, Fargo & Co Co. (B'klyn) .20 185 195 ThirdNat i Kings Ti-aders' 100 103% 104 Ichase National. ...100 132 FIBB insitr'ck: Knickerbocker 40 55 Tiemont 100 121 14 121% Chatham 25 110 STOCKS. Lafayette (B'klyn) .50 103 115 Union 100 147% 148 Chemical 100 1709 1 BALTIMORE Lamar lOO 100 104 Washington 100 135 135% City 100 200 Associate Firemen's. 6 7^4 25 75 80 1, Lenox Webster IOC 108 108% 'citizens' 25 107 Baltimore Fire Ins. 10 26 27 Long Isl'd (B'klyn). 50 113 122 BROOKLYN. Commerce 100 147 Firemen's Insur'ce. 18 30% 32 Lorillard 25 70 75 Atlantic (State)... 140 Ontinen tal 100 120 Howard Fire 5 7% 7% Manuf. & Buildors'lOO 135 140 BrooklvTi 112 117 Com Exchange ...100 155 175 Maryland Fire 10 4»4 4% Manhattan 100 100 105 2'25 First National. . . 215 East River 25 98 Merchants' Mutual. 50 50 60 Mech. & 'Traders' ... 25 150 160 Fulton 100 110 'Eleventh Ward 25 National Fire 10 11 12 Mechanics' (B'lilyn)50 160 165 City National 240 200 First National 100 BOSTON, 50 75 85 j ;600 Mercantile Commercial 70 Fourth National... 100 120 Amerlcicu F. &. M. .100 132 135 Merchants' 50 120 125 Zx>ng Island 100 103 iB'ulton 30 140 Boston 100 125 130 Montauk (B'klyn).. 50 110 120 Manufacturers'. . 90 100 .Fifth Avenue 100 {325 Boylston 100 r>8 130 Nassau (B'klyn).... 50 150 160 Mechanics' 180 185 jOallatin National ..50 Commonwealth. ..100 79 80 National 37% 100 109 Nassau 160 170 (Jcrman American. .75 70 j 83 85 Dwelling House. ..100 115 118 New York City 165" Brooklyn Trust 130 140 [Germania 100 110 Eliot 100 140% 141 N. Y. Equitable 35 150 CHARLESTON. Greeuwieli 25 Firemen's 100 155 160 New York Fire.... 100 110 118 B'k of Cha8.(NBA) 100 89 90 (Jrocers' 30 Franklin 100 65 70 Niagara 50 160 First Nat. Chas.. .100 Hanover 113 103 100 120 i Manufacturers'. ..100 131% 135 North River 25 108 Feople's National. 100 100 Importers' & Tr.. .100 {220 Mass. Mutual 100 116% 118 Paeiflc 25 220 226 e. C. Loan & Tr. Co . 100 57 Irving 50 13S Mechtmics' MutuallOO 85 Park 100 113 116 . CHICAGO. Leatlier Manufts..lOO Mercantile F. & M.lOO 141 141% Peter Cooper 20 175 185 Comniorcial Nat. . .100 175 Manhattan 50 140 Neptune F. & M...100 1221 123 People's 50 105 112 ComExeh. Nat.. .100 Manuf. &. Merch'ts.20 North American ..100 118 120 Phenix (B'klyn) ....50 "75" 125 Fifth National ....100 140 (.Marine 100 Prescott 100 128 129 Relief 50 80 First National 100 210 Market 100 118 Revere 100 55 60 Republic 100 70 80 Hide and Leather 100 Mechanics' 25 140 Shoe & Leather. . .100 125 127 Rutgers' 100 155 National ...100 06" Home 75 90 Mechanics' B. Ass'nSO 70 80 Washington 100 149 150 St. Nicholas .52 50 Merchants' Nat.. .100 200 .Mechanics' & Tr.. .25 {102 105 CINCINNATL Standard 50 125 Nat. B'kof liiinois.lOO 117 MercantilcS 100 {85 100 Amazon(new stock) 20 Star 100 UO iis" Nort hwestern Nat. 100 .Mercliants' j 50 134 1J5 Cincinnati 25 Storilug 100 75 80 Uuiim National 100 216' .Merchants' ^ Exch'geSO too Citizens' 20 Stuyvesant 25 115 Uu.Stonk Y'ds Nat.lOO .Metropolitan 100 150 Commercial 25 Tradesmen's 25 105 lbs" CINCINNATL Nassau 100 100 103 Eagle 100 United States 25 120 First National New York 100 144 146 lEuterprise ,20 Westchester 10 100 Fourth National N. Y. Nat. Exch'gelOO ;Eureka 20 Wi llianisburg Ci ty . . 50 200 Gerniaii Banking Co New York County. 100 Firemen's 20 PHILADELPHIA.? Mereliiiuts' National Ninth National 100 Germauia 20 American Fire 100 315 Nat. Lal.Alik.ofCom. North America 70 100% Globe 20 .\ssociation 50 316" Second National I'ire — .. North River 50 96 Merchants'ife Manuf 20 Franklin Fire 100 Third National.... Oriental HARTFORD. 25 Miami Valley 50 Delaware Mtitual...25 40 50 Pacillc 50 National 100 Ins. Co. of N. Am'ca 10 33>4 33% .ffitnaNat ...100 131 135 Park 100 141 Union 20 Ins.Co.Stateof Pa200 334 American Nat 50 73 75 People's 5" 25 Washington '20 Pennsylvania Fire 100 " is Charter Oak Nat. .100 132 136 Pheuix 20 100% Western 25 50 "36 37 City Nat Lumbermen's 100 100 102 Republic 100 130 HAKTPORD, CONN. Spring Garden 50 122 126 Connecticut River.. 50 38 40 Second National.. 100 ^tna Fire 100 247 250 Union 10 12 Far. A Mech. Nat. 100 127 128 Seventh Ward 100 Atlas Insurance.. -100 25 Firemen's .. 10 28% First Nat 32 United 100 121 123 Shoe & Leather 100 130 Connecticut 100 140 142 BICH.MOND, Hartford Nat 100 169 172 St. Niciiolas 100 ;iio Mercantile Hartford 100 263 270 City 25 21% Nat 100 132 138 Stateof N. Y 100 112 National 100 162 102 "116" National i;xchauge.50 165 Merchauts'&Mcch.lOO 70 79 Tradesmen's 40 ;105 Orient 100 125 126 A. Life. 100 Pha:ni.\ Nat 100 Piedm't& 167 170 Union .50 145 155 Phcenlx 100 248 250 Virginia F. 25 34 State 100 &M 111 113 PHILADELPHIA 5 Steam Boiler 40 62 70 Virginia Home 23 26 "ii" : LOUL^VILLE. B'k of N. America . loO 265 LONDON Virginia State 25 34 as Bank of KcntuckylOO 137 Central National.. 100 204 Commerc'l Union . . ST. LOUIS Bank of LouisvillelOU £5 22 23 83 84 City National 50 104 Guardian 50 70% 71% American Central.. 25 33 35 Citizens' National. 100 115 Coini'uercial Nat 50 City Nat 63 Imperial Fire 25 149 151 Citizens' 100 105 lOO 119 120 jt'omiuonweal£hNat50 31 Lancivshire F. Falls City Tol)accolOO & L. .23 8 8»4 .lefferson 100 100 87 Consolidation Nat. 30 UO lyondon Ass. Corp. Farmers' of Ky ...100 12% 63% 64% Marine 100 107% 91 Corn Exchange Nat.50 55 Liv. & Lond. &Globe20 FR.WfCISCO Fanners' & Drov..lOO 100 19% 20 SAN 100% Eighth Nat.. 150 North'n Fire & Life 49 50 California 100 125 First Nat 100 128 130 First Nat 100 195 North Brit, it Mcr. 6I4 59 61 tJommercial 100 98 ioo" German Ins. Co.'s.loo 99 100 Farmeis'&Mcch.N.lOO 120% Queen Fire & Life.. .1 4 414 Firemen's Fund. ..100 105 108 Germau loo 100 100% Girard National 40 81 German National. Royal Insurance 3 31>4 31% Home Mutual, 102% 100 120 Kensington Nat 50 61 MOBILE. 100 ibi" Kent ncky Nat 100 126 State Investment. 100 127 Manufacturers' Nat.25 29 Citizens' Mutujil...IOO 65 70 Union 100 120 125 liOUi.sv. Banking DE<;K]fBBR4, 1880.] THE CHRONICLK 687 With a view to redae* eipenwa and to itop i«b»tiiig asd Juwjestmeuts cuttioir rates, an arrangement has been made between the AND Atlantic CoaHt Line, Riolunond * DanTlUe and SMboard Air STATE, CITt AWD COBPOBATIOW FINANCES. Linen, to bare one general freight and one general pMMOMr agent in common for theee ayetema of road. The Invbstobs' Supplement contain) a complete exhiHt of the The sterling debt of «129,740—or 1048,700—b^-aring aii Funded Debt of States and Citiet and of ths Stocki and Bond* per cent interest, falls due next July. Arranir«mi«nt« will hare to be made to meet it. With «f RaU,roai» and other Ojmpanies. It U pMithei on the laH the high credit of the compaar there will be no difflcalty In Saturday of every otiier month— r>iz., February, April, June, placing their tinit mortgage boaM to August, October nnd D cember, and is furnuhed without extra pay It—it can probably be done at a diminiibed rat« til interest. eliarge. to all regular subscribers of the Chkonicle. Single copies The earnings and expenses for three are sold at If 2 per copy. year past were aa foUowa: 1877-8. 1879-0. 197t«>. REPORTS. PnmenKora 9171,700 9t.'>7,!32 9178.Wt ANNUAL Krolght 874,486 303356 VK>M* Mall, exiireM, &c 42,253 4A,890 New York Lake Erie & Western. 6<»,419 Total (For the year ending Sept. 80, 1880.) 9488,448 ???.?78 Oporaliug exponte* 312,171 330,28» At the annual meeting of stockholders, held Nov. 80, the ^f^M7? old board of directors wan re-elected, as follows: Me-ssrs, Theron XeteamlnsR 9176,277 9179,603 933a,aM R. Butler, Charles Dana, Thomas Dickson, Harrison Durkee, U. There was expended on account Suydam Grant, James J. Goodwin, Solomon S. Guthrie, Hugh For bulUIlnit newslioiw 933,3M For Iron bridgo ut Street J. "Jewett, John Taylor Johnston, James R. Keene, Edwin D. Front dopjt 10.417— 33,77X Morgan, Cortlandt Parker, John Frederic Pierson, Homer LoaTlnct 1>Rlanco In favor of rcoelptu 9188,933 Ramsdell, Henry G. Stebbins, William L. Strong and J. Lowber Equal to 68 2-3 par cent cost of uiwrutltig row). Welsh. The most important and striking feature in the report FisAtfciAi. oosmrio.v, HEITSMIIKR 30, 1880. of earnings for the past fiscal year is the great decrease in the Assets. hlabUttlf. Railroad and appurten- Capital percentage of operating expanses to gross earnings. All the atock, 14,562 ances $3,310,223 «littro.i 91,456,300 trunk lines have shown a large increase in business, but Erie is Stocks owned. 13,900 Fiindnddeht 1,610.100 far ahead of them all in its proportionate gain of net earnings. Amounts due from var- FloiithiKdebt 4U.70I ious parties 01,170 I'rollt and lu.ia The question above all others, which stockaolders will now ask 3!i3,7tt4 Cash ill hands of Treas'r 40,112 is this—Is the reduced rate of operatintf expenses due mainly (Jash on dciioslt in Bal- to the change of gauge and better condition of the |)roperty, timore .•50,464 so that it may be relied upon in future years, or is it but an Total assoU $3,508,876 ToUl. . exceptional feature of the year 1879-80? If the Erie railway 93,508,876 can hereafter be operated at 62 per cent of its gross earnings, Wilmington Columbia & Aagnsta. or thereabouts, it maj' fairly be said that there is hope that tiie (For the year ending September 30, 1880.) anticipations of its best friends may yet be realized. The President's report is the first since the reorganization of the brief synopsis of the annual report of the company for the A company, and shows that, as compared with the gross eamings fiscal year ending September 30. 1880, was submitted at the of the previous year, there has been a gain of $69,136, which is meeting, and in advance of the full pamphlet report the follow- about 15 per cent. If the company had had the cars to do the ing figures are placed in comparison with the results of the business that offered, the gain would have been increased. The previous year, 1878-9. net moneys received during the receivership previoas to this 1878-79. 1370-80. Increase. Gross o.iriiin^s $1,').912.022 $18,693,108 f2,751,OS6 year were applied to raeonstruction, under the direction of the Working exijcusca 11,171,698 11.643,925 469,227 "Court ; all expenses were charged to operating account ;_ hence no comparison can be instituted between the net operations of Excess earnings $1,767,323 $7,049,183 $2i281,S60 paying all operating Income from otlior sources 437,445 783,936 316,511 the two years. After expenses of thU year there is a net balance of $145,423. TU-j report says that Total $5,201,709 $7,333,140 $2,023,371 the road-bed and the track, with the exception of 21 miles of Less Interest on bondnd debt.. $2,017,712 $3,963,872 $1,910,161 old chair rail, will compare favorably with any in the South, Bentals of leased linos and and to relay this an additional 1,000 tons of steel rails shonld Other cliarges ,.,,,.... 1,810,052 2,078,646 237,091 be purchased at the earliest possible time. If the money $3,888,664 $6,042,519 $2,153,855 on hand, with the net earnings from now until the first of June, 1881, be applied to renewal of the track, furnishing additional Surplus $1,316,101 $1,790,620 $171,516 cars and building the two new warehouses, the rebuilding and The surplus ($1,790,620) together with $737,119 received equipment of the road would be complete, and the operating during the year from the assessments paid on the stock of the expenses permanently reduced, and there is no reason after that in (old) Erie Railway Company, has been expended double time why it should not pay regular dividends on its stock." Buffalo City, track, buildings, equipment, "docks at and Jersey The earnings and expenses were as follows : and other improvements to the road and property. The EARNINGS. BXPENSES. working expenses have been 62 per cent of the earnings— From through passengers. $58,173 By conduct'g transi><>rt'n. $73,091 passensors 59.481 By motive power 88.122 decrease of 8 per cent from the previous year. The increase in From local From through freight 97,307 By mnintonanoeof cars... 7.5,130 the merchandise tonnage over the previous year was 846,004 From h)Oiil fielght 237.601 By maintenance of r'dway 144386 general oxpenaes 10,890 tons ; in the tonnage movement (or tons one mile) 219,996,390 From express 4,665 By From U. S. Stall 28,272 tons ; in the earnmgs, $2,150,228, and in the rate per ton per From Gov't transportation 89 mile, 19-1000 cent. The decrease in coal tonnage from the From sleeping cars 480 previous year was 342,753 tons, and in tonnage movement (or From telegraph 1 95 From minor sources 01,175 tons one mile), 68,106,712 tons ; but the earnings from this to an increased rate per ton source increased $7,405, owing per Making total receipts. $547, 146 Total expenses $102,022 mile, in 1880, against 640-1000 cent which was 738-1000 cent Leaving net receipts 9145,423 2-5. for 1879. The increase in the total tonnage was 503,251 tons ; Percentage cost of operating, 73 in (or tons one mile), 151,889,678 tons the tonnage movement ; There appears in the receipts to the credit of minor sonrces in the rate per ton per mile, in the earnings, $2,157,634 ; and the sum of ,§1)0,410, which amount was received from the North- 58-1000 cent, being 836-1000 cent for 1880, against 780-1000 cent eastern and Cheraw & Darlington railroadt, for work done for for 1879. The increase in the number of pas.sengers carried was those roads in our shops at Florence. This amount is also in 696,904; in the number carried one mile, 31,344,486; the earn- charged in the operating expenses of the road, thereby making ings, $364,007, and in the train mileage, 87,838 miles; but the them appear much larger than they really are. from 91-1,000 cent earnings per passenger per mile decreased 2 FINANCIAL CONDITION OK THK WILMINGTON COLUMBIA « ADGOSTA «. in 1879 to 2 41-1,000 cent in 1880. The total increase in gross COMl'.tNY, SKFTE-IUtKR 30, 18H0. „„„....« 8to<-k 9960,000 earnings of the road and branches, including express, mails, etc., Construction $2,5.50,531 Capital Funded debt— 1st mtge. was while the working expenses increased only .Stooksowuod 26,191 $2,751,086, Various assets 89,903 bonds, due June 1, $469,226. The report says that this is due to the greater Cash on deposit iu Bal- 1910 1,600.000 112,31.'> the line can be worked, with its improved timore 112,000 Floating debt economy with which l.'.4,410 Cash la hands of Treas'r 42,090 Profit and loss facilities, a.s—notwithstanding the large increase in freight traffic—the freight train mileage decreased 295,946 miles. The Total $2,826,723 Total 93,826,735 increase in the average train load was 5>i tons, and in the Mississippi & Tennessee Railroad. average haul 6 miles. The increase in the average number of Sept. 30, 1880.) passengers per train was 8, and in the average miles traveled by (For the year ending each, 'Z^. The expenses per ton per mile were 534-1,000 cent The annual meeting of the stockholders of the Missiwippi * a decrease from the previous year of 27-1,000 cent. The Tenneasee Railroad Company was held yesterday at the Pea- expenses per passenger per mile were 1 361-1,000 cent— body Hotel. ,, .,, jarorrU. decrease from the previous year- of 233-1000 cent. Mr. Monroe Pointer, of Sardis, Miss., presided, and Mr. 8. Wilmington & Weldon. Lamb acted as Secretary. The subjoined i3 from the report of President S. H. McComb: (For the year ending September 30, 1880.) The gross transportation receipts were as follows: The annual report show? that the gross receipts increased l_878-9. 1879-90. the $127,531 $97,240, with increased net receipts of $46,047. During From passengers i J8»,iu/oI2'in7 387,306 tons of steel rail and 64,493 cypress and pine cross- From freight year 1,501 I 3.368 ties have been put in the track. There remain now about From express / „ 1-7) 6,fi57 From mails "•*'') be taken out during \ ^ 83$ seven miles of old chair-rail which must From privileges.ni'ivileses ' the year. do this about 1,000 tons of steel rail will be To 9373,687 9525.4«» required for the current year. 588 THE (.!HR0N1CLE. [Vol. XXXI. ; lays for additional buildings, tracks, Ac, necessitated the The eross transportation expenses were as follows by 1878-9. 1879-80. enormously-increa-sed business. It is believed that the payment transportation $.j9,427 of semi-annual dividends can be resumed on July 1. 1881. For comluctlng J$108,431 J 74,»n7 power i to provWe for the promised extensions have Formoiivo ^^,,n< 94,01(3 Meanwhile, which of way 77.,tj,109 new subscription of $3,000,000 or $4,000,000 consolidated bonds, Net receipts $169,9.55 $269,379 at the rate of $12^00 per mile, with the same amount of stock per Net receipts for the year 1879-80, $269,379, or 5126-100 at 165, or par for the stock and 65 for the bonds. classes cent Oat of which has been paid the coupon interest of Orcenville & Columbia. —The purchasers of this road at the A and B bonds, $163,085. foreclosure sale have organized the Columbia & Greenville Salaries Vlcti-Prcsideiit and Treasurer *?'??2 Railroad Company and have taken pusse.ssion of the property. Mcuip'"* office Expenses ouni City Fort Scott Gulf. This company has nego- Attorney's fees and Court costs Kansas & — v.oitiQ'--i Mississippi and Teuucssco taxes and insurance tiated for the sale of a little more than half a million of its $181,135 branch seven per cent bonds at a premium, to complete the extension to Springfield, Mo. No stock will issue on this exten- business of 1879-80 was Nominal surplus on the -year's sion. in the previous year. The J87,443, asainst a deficit of $9,105 The Boston Transcript reports the Kansas City Fort Scott previous year show an in- gross eariiirgs compared with the & Gulf Railroad Company has called a special meeting of its 02-100 cent. 'Ihe expenses for crease of $151,381, or 40 per stockholders, to be held January 5. when consolidation with the an increase operating, compared with the previous year, show branch roads lately built will be voted upon. This simply of $52,377, or 25 70-100 per cent. means the issuance of $648,000 Fort Scott common stock instead operating, all The operating expenses include, besides cost of of the same amount of branch stocks guaranteed the dividends- increased passen- renewals and betterment expenditures. The of Fort Scott common. ger earnings over year 1879 are $51,428. The increased earn- Long Island Railroad. —Messrs. Drexel, Morgan & Co.. have ings from freight over 1879 are $99,198. Local receipts of added one more to their long list of brilliant financial opera- cotton on line of road are 13,832 bales more than in year 1879. tions, by selling out their interest in the Long Island Hailroad The President remarks in his report: "We have laid of iron and to Mr. Austin Corbin and others. The names of all the parties rails tne past year 639 tons, or about seven and one-third steel and the amount paid are not yet disclosed. The Long Island mil«s. The iron rails were principally re-rolled, and at. a cost of railroads have always been a good sale whenever any one could $18,548. We need at least 1,000 tons of new rails the coming be found to purchase them. Mr. Poppenhu.sen obtained con- year. It is wise economy to lay only steel rails in main track trol of these roads, and was obliged to borrow from Drexel, where the character of the roadbed and the extent of the busi- Morgan & Co., pledging his stock and bonds with them as col- ness warrant the outlay. The long-contemplated'and much- lateral. It is said that they lent him about $1,200,000, on desired addition to our line of road, carrying it to the front of 35,000 shares of stock and $112,000 of bonds. In October, 1877^ the city, has been completed. The cash outlay for this improve- Mr. Sharp was appointed Receiver. Mr. Corbiu said to a N. Y. ment, up to September 3, has been $50,344. This extension Tiines reporter that it was the intention of the purchasers, now connects your road with all the railroads in Memphis, is in after assuming possession on Jan. 1, to tako the road out of the running order, developing its use, and of great advantage to the hands of the Receiver, to settle its indebtedness, and to improve commercial interests of the city of Memphis and the adjacent it in various ways. The deiails of the scheme had not yet country." been fixed upon, but he and his a-ssociates had no doubt that, with proper management, the road could be made to pay hand- OENERAI. INVESTMENT NEWS. somely. Mr. Corbin said that a few changes would probably be made in the directory, but not many. Atchison Topeka & Santa Fe—Chicago Burlington & Louisville & Nashville.—As to the injunction obtained in Qnincy.—The Chicago Tribune says: "Although all the parties Nashville against the transfer of the new stock. Judge Dono- interested have, by their denials, set at rest the story of the hue, of the Supreme Court, in this city, on an application to Vanderbilt roads with Bur- consolidation of the the Chicago him for a supplementary injunction (repeating t)ie allegations Atchison rail- lington & Quincy and the Topeka & Santa Fe upon which tlie Nashville injunction was obtained and stating two latter powerful combinations roads, yet the are perfecting the fact of the latter's existence), refused the application on the arrangements which will soon result in a union. This will make ground that the facts cited were insufficient, and declaring that a strong team." the Nashville Court has no jurisdiction over the transfer office Boston & New Yorli Air Line. —The Evening Post says of in this city. He ordered the company to proceed with the " this company : We are informed on authority that the arbi- transfer in the usual way and stock was transferred Dec. 1 trators between New York New Haven & Hartford Railroad accordingly. President H. Victor ^'ewcomb has banded in his Company and the Boston & New York Air-Line Railroad Com- reuignation, and E. H. Green, formerly Vice-Pre>ident, has pany have awarded five per cent to the Air-Line Road in place been elected President; E.P.Alexander, formerly .-econd Vice- o£ six per cent as formerly. The revenue to the Air- Line under President, was chosen First Vice-President, and C. C. Baldwin, this award will amount, it is estimated, to $250,000 a year one of the newly- elected directors, was chosen Second Vice- gross. After deducting operating expenses and interest charges President. there will be from 3>6 to 4 per cent to apply on the preferred Milwaukee & Northern. —The Milwaukee & Northern new stock in dividends. The five per cent bonds of this company are first mortgage bonds are 4 per cent for two years, 5 per cent selling at 104 to 105 and interest, which would be equivalent to for one year and 6 per cent thereafter. It is presumed, on cent stock. The stock is free 85 for a four per from taxes in account of the value of the lease of this road to the Wisconsin Connecticut. This arbitration fixes the rate for five years. The Central, that the bonds will be well thought of. Air-Line Company have recently exchanged their seven per Missouri Kansas & Texas. The Union Trust Company of cent bonds for one bearing five per cent,"thas reducing their — York will now in full the coupons that matured Feb. interest charges to $25,000 a year." New pay 1 and Aug. 1, 1880, on the consolidated first mortgage bonds of Burlington Quincy Chicago & Stock.—The Boston Trans- this company. " cript say.s : We recently stated that Mr. Vanderbilt had pur- —Mr. A. A. Talmage, General Manager issued a circular dated chased 10,000 shares of Chicago Burlington & Quincy stock. Dec. 1, which says: "By direction of the Pre.-ident, I hereby This statement was questioned at the time by very wtll in- assume charge of the Missouri Kan.sas & Texas Railway, its parties. If they will consult formed now the transfer books of leased lines and branches. This line will hereafter be known the Chicago Burlington & Quincy Company they will find that as the Kansas & Texas Division of the Missouri Pacific Railway. more than half this amount of stock has already been placed The respective heads of departments of the Missouri Pacific in Mr. Vanderbilt's name." Railway will extend their supervision and direction over the Denver & Rio Grande.—At the meeting of stockholders in same. The headquarters of the Missouri Kaii>as & Texas at Denver, General Palmer voted nine tenths of the stock. Messrs Sedaiia will be closed, and all the offices moved to St. Louis, W. J. Palmer, W. A. Bell, C. F. Woerishofifer, Russell Sage, Jay and of course the St. Louis offices of that road will be abolished, Gould and G. M. Dodge were elected directors. and the business of the line transferred to the oHiees of the President Palmer in his report gave the following particulars: Missouri Pacific here. The matter of Division Superintendent The number of miles now completed is 635, and it is expected and some other offices has not yet been arraiged, but some that 902 miles will be open in April, unless delayed by snow. additional appointments will probably be made shortly. The last-named mileage would have been in operation already Missouri Pacific—The following statement of the Missouri but for the imp i to October 31 $5,0^3,028 when the company resumed possession of the road, to the 1st Earni gs for ten montUs in 1880 Expenses same time, (51-77 per cent) 2,784,701 of November were $2,288,594; net earnings during the same period were $1,200,069; fixed charges, including equipment Net earnings $2,298,326 payments, were $713,866. leaving a surplus of $486,203. The Expended in annual interest, leases, taxes, dividends, &o — $2,273,318 road was open to Leadville on July l;'since which time to Nov. In. rease of tile earniuga over lo79 to November -21 1,290,804 1 an average mileage of 527 miles has been operated. The Nasliville Chattanooga & St. Louis.—Major J. W. Thoma* gross eirnings, after.er deducting _ _ ^ the South Park bonus,^ we e publishes an exhibit of the financial coudiiion of the Nashville 11,653,166; net earnings daring the latter period were $876,088, & Chattanooga, together with the reasons which induced the the fixed charges were $407,934, leaving a surplus of $468,1.^4. management...^^o.^.^^ to decide^^ not to declare... a dividend in ' ctober. 0« The report advises against the payment of dividends for any March 20, 1880, the floating debt was $748,5.57; the asset* portion of the current year, because of the necessary large out- ' exceeded that amount by $281,474. It was estimitimated that a : : Decemjwr 4, 1880. J THE CHRiJNKLK 689 profit on steel rails, purchased at $58, might be made if wild but they were not sold. The dividend declared Ohio at $80, & MiMiisHippi Railroad, has filed th*i followta* •Utement to leaving Burplus April 1 amounted $133,525, a of $147,948. of receipts and disbursements for the mouth of OctolMr: November 29, 1880, the lloat ng debt had been retluced to RteeipU. $516.i'47, ^ . . . $223,448; assets, leaving a surplus of $292,599, Hhow- Ca«n on nanil Octolier 1, 1880 KTS 705 ing a net gain of $144,G50. Major Thomas continues: Cftnh from station aceoti 030 178 Cash from couiluctorH "Ttio btisiiio-ts of th>^ ruiid for tlii^ past Hiivon iDOiitho, iiiulln^ 0(tli>lior 0*204 Cash fnun ludividuaU, railroad com|MinlM,'*e OoImS Cwiii l«- is completed, and the rest is rapidly getting ready for use ; on these two divisions there are some sectional mortgages ($2,- on 500,000 on the Missouri Division and $4,000,100 outstanding prove" entirely sueeeMftU. but to b« tr?^ tS sav^s kev not only to the d'Oreille Division.) Within the last three or four aS secu.lties of the co.i.peny. Pend 8Mi?f^f..?y to all arties interested in the the prosont market years the wheat regions of Minnesota and Dakota have proved " Advising you not to part with vnur shares at ''Ad?K onrs. selling rapidly. Taliie,'alue, I am very rcsiMiCtmilyi y to be the best in the world, and the lands are F. B. GowKK, President." The Upper Missouri and the YeUowstone divisions embrace in miles. In Richmond Fredericksburg & the Territory of Montana a distance of about 800 P»*"™"r;-^L*f^ tofT.fS-au- in Richmond the stockholders roted addition to i s mineral wealth, it is fast becoming a great graz- annual meeting extend the $300,000 first mo.tgsge 8 per ing country. thorize the biafd to fall due Nov. t. 1881 for »>";•> By the terras of the agreement with the company, the con- cent bonds, which will TJ^ will consent to take 6 per cent interns tractors are to name two directors in the board, and the persons provided the holders extending their bonds to remain open to hoW- selected for th** Dosjrions are Messrs. J. C. Bullitt, of Philadel- the option of so until March 1, 1881. phia, and John W. Ellis, of Winslow, Lanier & Co., of New York ers only I . 690 THE CHRONKJLK. [Vol. ZIZI, O OTT O N. HTIte (^ommtvcml %imts* Fridat, P. M., December 3, 1880. Thb MoVEMEjrr of thb Crop, as indicated by our telegrams DUMMERCIAL EPITOME. from the South to-night, is given below. For the week ending Fridat Nioht. December 3, 1880. ^ this evening (Dec. 3), the total receipts have reached 218,341 The past week has been unfavorable to general trade. The balas, against 205,192 bales last week, 256,618 bales the previous apecniatioa in the leading staples of agriculture unsettled week and 215,842 bales three weeks since; making the total prices. The difficulty of negotiating bills of exchange has receipts since the 1st of September, 1880, 2,538,057 bales, againjpt retarded business for export. There has been some mitigation 2,351,165 bales for the same period of 1879, showing an increas* of the severity of the weather, but the temperature has con- since September 1, 1880, of 186,892 bales. The details of »he tinued low, affording little relief to the cotton pickers of the receipts for each day of this week (as per telegraph) are as follows: South or the inland navigation at the North and West. The Receipts at- Sat. Hon. Tues. Wed. Thura. Pri. holiday trade, now begun, promises to be large and remunera- Total. to the general tive, and there are as yet no serious drawbacks New Orleans . . 12,401 8,819 6,167 ,892 4,216 7,006 44,501 prosperity of the country. Mobile 3,902 4,331 2,431 ,609 2,073 2,876 17,222 The following is a statement of the stocks of leading articles Charleston 5,020 6,535 3,739 ,417 5,423 5,919 29.103 given: of domestic and foreign merchandise at dates Port Royal, Deckubes 4, 1880,] THE (JHRONJOLE. 591 The following is onr nsaal table showing the movements of ootton at all the ports from Sept. 1 to Nov 26, the latest mail date: KBCEIPTS SINOB BZrOBTBD StHOB SEPT. 1 TO— ^IflllSlpfplplffff Fosn. Great Other Stock France. Total. 4 1880. 1870. Britain. Foreign li^plfillftefllilllf H.Orlns 503,703 539,862 196,159|l08,232| 61,011 368.402 255.410 Mobile. 153,373 156,397 11,698 ... 1,003 12,761 30,334 it Olmr'n* 35B,373 264,219 80.655 18.068 40,848 146,471 128.372 i Bav'h . 450,441 405,243 108,454 5.808 64,750 179,018 135,829 Qalv.' 259.538 254,652 63,298 11.819 19,912 '•': :••.<.:•.<•. 97,029 00,002 •iE" •; i : K.York 28,875 38,101 119,290 14,510 27,767 101.367 107,382 Florida 6,953 6,350 ...... iili 5- Car. : i i i : i i (» H. 81,640 61,128 18.508 1,444 2,322 22,774 27,749 r : : : : : Norrk* 420,306 337,980 116,833 2,850 .... 119,683 62,005 Other.. 38,513 72,060 70,950 7,565 78,515 53.750 rhteyr. 2319,710 793,845 103,63lj229,744[ll86,220 896!803 last je ar 2134,098 815,251 110.106 249,318 1174,675 683.050 > CKartttton Under the head of Is inoluded Port Ro^al, fto : under the he» <'f t9M I OalcMton la Included Indlaaola. &o.: under the head of aor, oU la Include' City I I I I I I I I w: I « I l« «: I WW I •.« The speculation in cotton for future delivery, thongh continued I I: I ! I I I 1: on a large scale, has not been so ac tive and excited as last week, uuo and prices—though still varying widely—have shown much less MM buoyancy. There has been some improvement reported in the ' A 00 tOOOM weather, but the most effective checks upon a further advance in I «.» • .« prices have been found in the quieter and eaaier foreign markets, MtoS iot;,S eome decline at the South and sales to realize by parties who 666 I ^1 I js;s pro were desirous of securing profits accruing from the late advance. But, notwithstanding the re-action that has taken place, operators KM KM MM >o6 iiave received frequent reminders of the danger of being MUOc.3 ^90, •" ».w »<» short." There were free sellers on Tuesday and Thursday I I I »u MH-.i M — O mornings, but the turn of those days was decidedly against them, KltOa Mtio on the mast intangible iniiaence—a little bad weather here or -CO there, or the unexpected appearance of orders to buy—so that the tsro KM (OK early sellers found it prudent to cover contracts KK promptly. A COt^ KK ecu feature of the speculation on Monday was something of a K.»M S.w " I *» I I Su corner" on November contracts. The advance yesterday after- MM^ MMto mmm M-lfc MMM totop noon was due to the disappointing nature of the weather KtOo KKo KKo KK3 reports cccoO titio from the South. To-day, with weak Liverpool advices, there was ODK some decline and a variable and unsettled market. Cotton on the KK KK KK KK spot was quiet and unchanged until yesterday, when there was WCd wu KKca ODKO) an active demand for home conauraption. To-day there was a «" SCO «.* rWu MI — 1 I MM fair demand at steady prices, middling uplands closing at 12c. KK5 KKO K2 KKa00 The total sales for forward deliveiy for the week are 1,118,900 1S8 138 -iobO bales, including free on board. For immediate delivery the total sales foot up this week 7,750 bales, including 2,496 for KK KK KK KK KK export, 5,013 for consumption, 241 for speculation, and in TOJM l»'9>M KOm ^ ».® TOm «)* 9* transit. Of the above, 100 bales were to arrive. The follow- I I «o I I «.« M— as MMOl MM^ K ing are the official quotations and sales for each day of the KKO KKo KKo KKo Ktr I S cjtabo -j-50 obob_ s past week: OIK t'O UPLANDS. NEW ORLEANS. TEXAS. KK KK KK KK KK KK Vofj 27 /A 6a 60I WO ^QD ODQOm K« Dee. 3. Sat. inou Taes Sat. mou 'Tneii Sat. 3loa. Taen I S.w I «>.<» I «3> cn MM^O It- Ordln'y.^llb 9 9 9 9 9 9 9 9 KKo KK K.O KKo KK§ BtrictOrd. 96» O'b osa 66 a»o 660 9% 9% 9% 9% 9% 9% o>o> OOP Good Ord. 10=8 10»8 105s 10% 10% 10% 10% 111% H>% 8tr. G'd Ord 11 11 11 Ills im lUe Ills 11% 11>S KK UK KK KK KK UK Low MidrtV U»I« 11»18 ll»ifl lllSlglll3,g lll3,g 11 "16 lUBlglUS,, 6*j OC-J a>tp 66 Btr.L'wMid 11% 11% 11% 12 12 12 12 12 12 ws 00 — 000 OiO SCO Middling... 12>4 12lj I SM I I S- I «K I «.' I »y 12 12 12 liM I214 I'JH 12"4 MMfls Good IWld.. 1238 12% 12% 125r 1'.^% 12% 12% 12% 12% KKo KKo KKc KKp KKoKKf fV9eccoe 8tr. O'd Mtd 12=8 125t 12=8 12'8 1278 l-.7g 1278 12'8 1278 X TCiO ioilO 660 mmO Mldd'K Fair IH'fl la's i:m 13% I.^% 13% 13% 13% 13% CX-J eop ooo 00 Fair 13% 13% 13% 14 14 14 11 14 14 KK KK KK KK o:k Wed Tb. Frl. Weo Til. Frl. Wed Th. Fri. 6cb 6x) db'X) m6 01 "J* CO 00 *» oco ?#M o i I 19 Ordln^y.^lb 9 9 9 9 !) 9 9 9 9 Btrict Ord.. !»»8 95» 9i^ 9% P% 9% 9% 9% 9% KK^ KK6- KCO o coKe kk5 coco 66p 00 6^ 66C 660 Good Ord . lOOs 10»8 10»8 10% 1,;% 10% 1<(% 660 ^u 10% 10% Ko goa coop Btr. G'd Ord 11 11 11 im im ll>fl 11% llJfl 11% Low Midrt-Kill^is 11»I6 ll«tn lU»lft Ul»,g*llU,g 1113iaU13l8 U13i8 KK KM ^t-t KM Kto KK Btr.L'wMid 11% 11% 11% 12 12 12 12 12 12 66^ ccr=s 66 MU,o, 06,. t^o-^ i? (BO).^ Middling..- 12 |12 12 I'iVt 1214 12>4 12M ',Z-Z>4 12V, wta_, <-l KX,. aK_ ^<»K I I wm I e Good Mid .. 1238 12% 13% 12% 12=8 l-i% I e»K 1*5; TSm «S 1% 12% 12% MMito i-^.-*:0 ^i-i t-tt-^^l MMO h-t^^O Btr. G'd Mid ISiSg I:; =8 12"'8 l'i78 127o lV!7g 1278 li^s 1278 KK-a5 KK-„ KCa^^ 592 THE CHRONICLE. [Vol. XXXI. of last Saturday, but the totals for Great Britain and the afloat creased during the week 8,734 bales, and are to-night 20,566 for the Continent are this week's returns, and consequently bales less than at the same period last year. The receipts at brought down to Thursday evening; hence, to make the totals the the same towns have been 7,743 bales less than the same week, «omplet« figures for to-night (Dec. 3), we add the item of exports last year. from the United States, including in it the exports of JTriday only Kbobipts from the Plantations.—The following table Ls 1880. 1879, 1878. 1877. prepared for the purpose of indicating the actual movement each Btook at Liverpool bales. 441.000 339.000 329,000 312,OuO week from the plantations. Receipts at the outports - are som&- UVUV.U...... - - . 53,594 33.500 17.500 nwvvm ow ' times misleading, as they are made up more largely one year than another, at the expense of the Total Great Britain Btook . 484.700 392,594 362.500 329.500 interior stocks. We reach ^ 84,600 73,790 82,250 123.000 therefore, a safer conclusion through a comparative statement Rtonk at MthrHtiiUe^.. 6,860 809 1,250 4.500 like the following. In reply to frec^uent inquiries we will add Stock at Burceloua. 32,400 7,540 7,500 35,7!J0 2.400 1,400 3.000 8 2.50 that these figures, of course, do not include overland receipts or Stock at Bremen . 20.500 11.840 11.000 39 500 Southern consumption; they are simply a statement of the 24 OOu 11.800 16,700 26,5(10 weekly movement from the plantations of that part of the crop Stock at Rottontam 1,740 1,329 6.750 8.500 981 2,750 3.750 which finally reaches the market through the out-ports. Stook at other oontrntal ports. 5,330 2,754 6,!;50 5,750 RECEIPTS FROM PLANTATIONS. Total continental ports .... "Tgt^iu 110,162 147,250 253.000 TTeefc BtaipU at the Porta. Stocli at Interior Port.i Eec'pta from Plant'nt e/ndintj— Total European stocks.. .. 651,311 538.756 509,750 582,500 1878. 1879. 1880 1878. 1879. 1880. 1878. 1879. 1880. India cotton afloat tor Eiu'ope. 41,000 67.861 85.000 41.01.0 Amer'n cottoH afloat for Eiii-'pe 459,000 619.920 557,000 433,000 Sept. 17 74.355 ,933 103,695 26.3r 23.896 38.0!'4 81,761 ,266 115,289 62.000 •• Egjiit,Brazil,&o.,atlt for E'r'pe 38.000 52.371 26,000 24 .... 98,863 ,729 136,413 S7.h72 40,774 61,009 110,358 ,60' 159,328 Stock in United Slates ports .. 900,909 700.603 622.424 721.832 Oct. 1 130.990 .303 172.221 47,208 52.207 78,735 140.320 189.947 Btock in U. 8. Interior ports.. 144,428 164.994 148.126 99.742 " 8 148,158 108 199,094 59.i»23 63,913 103,086 160,773 .114 223,445 United Strtes exports to-day.. 31,000 14,000 37,000 10,000 H 15 160.233 714 210,367 79,,'Sli: 81,227 121.895 180.007 ,028 2g9,176> " ToUl visible supply 2,266.148 2,128,505 1,985,300 1.953 074 22 '62,236 ,461 236.341 97,887 95.993 152,7ti5 180,526 ,2lf7 267,211 " Of the aoove, the totals of American and other descriptions are aa follows 29 157,280 ,613 251.830 115.n?4 I15.-.35 170.676 174,423 ,355 2H,741 — Not 5 182,874 ,08' 251.768 149,498 133,905 204,759 217,338!243.257 278.851 Amincan •• stock 321,000 227,000 201,000 142.000 12 176.004 216 215,842 171,583 187,126 227,135 201,089 273,437 238,218 Uverpool " Continental stocks 99,000 43,000 103,000 170.000 19 181,378 ,408 256.618 188.491 218,998 242,326 195.284|250,,280[271,80»' Americau.itloat for Europe 459.000 619,920 557,000 433.000 •' 26 184,625 152 205.192 206,912 2&4,183 247,911 202.046'294,,S37J210,777 States stock 900.909 700,003 622,424 724.832 United Deo 3 220.748 167 318.341 236.280 287.109 248,885 251,116 239. 093 219,295 United States interior stocks.. 144,428 164,994 148,126 99.74-.i United States exports to-day.. 31,000 14,000 37,000 10,000 The above statement shows 1. That the total receipts from the plantations since Sept. 1 ia Total American ...1.955,337 1,774,517 1,668,.?50 1,588.574 Eatt Indian, Brazil, Week ending Dec. 3 , '80. Week ending Dee. 5, '79. terfered with by the rain; roads impassable and much damage done. Average thermometer 47, highest 67 and lowest 30, and lieceipts. Shlpm'ts Stock. Xeceipts. Shipm'ts Slock. rainfall four inches. Last week it rained hard on three days, the rainfall reaching Augusta, Qa ; 9.258 8,479 21,551 6,886 5,470 8.657 inch and three hundredths. thei-mometer highest Columbus, Qa 6,210 5,603 19,396 4,680 3.868 12.621 one Average 40, Macon, Ga 3,647 3,153 7,052 2,100 2,085 3,800 51 and lowest 25. Killing frosts and ice on two nights, fields Montgomery, Ala 5.691 3,789 11,311 0,530 3,469 12.111 were bo.gs and iiicking suspended. Belma, .lia 4,270 3,596 8,174 6,528 5,300 13,852 Dallas, Texas. have had drizzles on four daj's, the Uempbis, Tenu.. 19,939 17,875 65,580 29,442 17..552 100,489 —We Naslivllle,TeDJi.. 5,223 3,009 11,304 5,815 4,626 rainfall reaching one inch and five hundredths, and the rest of 1 13,461 the week has been cloudy. The thermometer ha-s ranged from Total, old ports. 54,238 45,504 144,428 61,981 42,430 161,994 30 to 67, averaging 47. Picking stiU suspended and roads bot- done. Considerable cotton is Dallaa, Texas.... 1,195 1,403 3,884 2,4C0 2,350 2,630 tomless. Much damage has been Jeflerson, Tex... 1,493 4,743 1,222 750 700 350 hopelessly lost, and in many fields the ground is white. Com Bhreveport, La... 1,671 1,454 0,218 4,925 3,750 10,383 still ungathered, and wheat planting not^even started. Farmers Vlcksburg, Miss. 3,619 2,391 6,989 4,821 4,189 5,940 greatly discouraged. The whole country is a sea of mud and Columbus, :M1s8.. 865 1,116 3,284 2,382 2.007 4,208 Eufaula, Ala. ... 1,149 1,586 3,273 921 1,039 2 332 water. Orlffln.Ga 1,957 2,068 3,608 1,489 1,454 3,003 La.st week we had hard rains on three days and killing frosts, Atlanta, Ga 6,704 7,618 16,784 4,769 5,208 10,519 with ice, nights. Balance of cloudy, and picking Some, Ga 4,407 6,977 15,200 4,834 3,711 on two week * 9,040 Charlotte, N. C. 1,318 1,440 022 2,494 1,422 2,103 still suspended. Average thermometer 40, highest 51 and lowest 8t. Louis, Mo 13,268 17,876 29,440 13,687 19,433 53,040 25. Ramfall for the week one inch and fifteen hundredths. Ctoclnnatl, O.... 11,199 7,444 13,907 11,909 14,743 13,451 Brenham, Texas.—There have been showers on four days, been Total, new p'rts 48,847 56,027 104,437 63,431 60,056 122,115 with a rainfall of one inch, and the rest of the week has cloudy. Average thermometer 50, liighest 66 and lowest 36. Total, all 103,085 102,131 248, ~65 12,5.412 102.486 237 109 Much Picking still 8u.spended and roads too boggy for travel. _ * This year's ires estini ated. flifi damage ha-s been done, and a great deal of the cotton which had IJii aboYe totals show tliat the old iuterioy stocks tare m- been.made is hopelessly last. . . December 4 D-SO] THE (CHRONICLE. 593 La«t woek it rained bard on three davH, the rainfall reaching OvERLAKD -one inch, killing MovBMEHT. ic-Oor feaden and we had frosts, (with ice) on two nights. Iin. wIlFflnd ia our oditor^ possible to pick and farmers discouraged. The thennometer iai columns car overland moremnnt up to D«e,mbt.r 1, t* ranged from 27 to 55, and averaged 41. Kether with Hpinnem' takingn. Waco, Texas.— It has rained during the week on four dars weight of twloa, ud other slow drizzles, and the balance has been interesting retomn, (;loudv. Average ther- for the flntt quarter of the MMon. mometer 49, highest 07 and lowest 31, and rainfall one inch IBDIA Corrow CB0P.-MeM«. Much damage has been done. Picking still «nsi)ended, Wallace & Co.. of Bombar. roads ODder impassable and nearly all farm date of October 23. wtite arted to b. and roads are in a very bad condition doing well will be so Average thermometer lar 594 THE (CHRONICLE. fVou XXII. This statement shows that the receipts since Sept. 1 up to and direction since Sept. 1, 1889, ani in the last columa the total to-night are now 262,175 bales more than they were £o the same for the same period of the previous year they were day of the month in 1879 and 699,830 bales more than acPORTS OF COTTON (BALES) FROM NEW YORK SINCE SEPT. 1, 1880. to the same day of the month in 1878. We add to the last table Week ending— Same the percentages of total port receipts which had been received to Exported to— Total period I>ecember 3 in each of the years named. JVOB. Nov. Nov. Dee. since prevVus Ihdia Corros Movement ptiom all Ports.—The flgnres which 10. 17. 24. 1. Sept. 1, year. each Friday, of »re now collected for us, and forwarded by cable Liverpool 6,095 7,998 7,940 13,343 128,543 160,229 the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., Other Britiah ports 920 1,470 813 4,905 5,701 enable us, in connection with our previously-received report from Total to Great Britain 6,095 8,918 9,410 14,158 133,448 165,930 Bombay, to furnish our readers with a full and complete India movement for each week. We first give the Bombay statement Havre 1,542 525 1,388 1,442 15,952 14,717 for the week and year, bringing the figures down to Dec. 2. Other French porta. RBCEIPTS SHIPMEtTTS FOR FOOR TEARS. HOMBAT AND Total French 1,542 525 1,38§ 1,442 15,952 14,717 Shipments thtt teeek.\ Shipments since Jan. 1. Receipts. Bremen and Hanover . 1,050 2,429 814 699 14,800 12,901 Hamburg 1.156 1,050 Tear Oreal Conti- (treat Conti- This Since 524 750 10,666 7,932 Total. Other ports Brifii. nent Total. Britain nent. Week. Jan. 1. 797 550 2,889 2,017 Total 1880 3,000 10,000 13,000 365,000 518,000 833.000 10.000 1,137,000 TO Kobth. Europe 2,206 4,276 1,338 1,999 28,355 22,850 2,000 4,000 6,000 J56.000 368.000 624,000 4.000 850,000 1879 Spain, 1878 1,000 1,000 322,000 399,000 721,000 6.000 900.000 Op'rto, Gibralt'r.&e 50 75 460 1877 7,000 9,000 382,000 431,000 813,000 11,000 1,071,000 All other 907 44 951 8,206 According to the foregoing Bombay appears to show an Total Spain, &o 957 119 1,411 3,206 compared with last year in the week's receipts of 6,000 increase Grand Total 9.843 14.676 12.255 17,599 179,166 206.703 bales, and an increase in shipments of 7,000 bales, while the shipments since January 1 show an increase of 259,000 bales. Thb Followino are the Keckipts of Cotton at New York, The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for Boston, Philadelphia and Baltimore for the past week, and since the same week and years has been as follows. September 1, 1880. KDRRACHgB. OAICOTTA, MADRAS. TPTICORI?!. CARWAR. RAWOOOW AtTO New York. Boston. Philadelphia. \ Baltimore. Receipts sitiee January 1. Shipments this week. Snipments from— This Since This Since This /Since This Since week. Sept. 1. week. Sept. 1. week. Sept.l. week. Sept. Tear. Great Conti- Great CotiH- 1. Total. Total. Britain. nent. aHtain. nent. N. Orl'an.s 4,136 40,705 Texas .... 2,082 41,768 1880 1,000 1,00.1 2,000 214,000 85,000 299,000 Savannah 10,631 106,434 i',682 7,699 "hoi 10,i'32 i'516 26',25i 1879 3,000 l,t)0O 4,000 212.000 112,000 324,000 Mobile... 1878 1,000 1,000 143,000 71,000 214,000 Florida . . i',.5'2i 1877 79,000 51,000 130,000 S.Car'llna 4,413 59,463 9',i34 ^f Car'llna 613 16.099 The above totals for this week show that the movement from i'.isi 9,270 Virginia.. 7,704 119,683 3,691" 19',936 2,994 47,474 the ports other than Bombay is 2,000 bales less than for same North, ptt 412 4,255 6.242 42,413 26 week last year. For the whole of India, therefore, the total Tenn.. 4o. 5,055 33,930 2,774 32,920 i.663 l6',7'73 i',i26 9,339 shipments this week and since January 1, 1880, and for the cor- Foreign . 1,068 Tesponding weeks and periods of the two previous years, are as Thl«7ear. 35,046 424,929 13,789 102,362 1,565 20,905 6.847 95,494 follows. BXPORT8 TO EBROFB FROH AtX nCDIA. Last year. ••i 1,788 431,567ll6.889 126,302 2,839 26,814 6,398 69,088 1880. 1879. 1878. iiHiFPiNO News.—The exports of cotton from the United Shipments States the past week, as per latest mail return*, have reached lo all Europe This Since This Since This Since 129,316 bales. So far as the Southern ports are concerned, these from— tteek. Jan. 1. xoeek. Jan.1. meek. Jan. 1. are the same exports reported by telegraph, and published in Bombay 13,000 883,000 6,000 624,000 1,000 721,000 the CuRONiCLR last Friday. With regard to New York, w« All otber p'rto 299,000 4,000 324,000 2,000 1,000 214.000 Include the manifests of all vessels cleared up to Wednesday Total 15,000 1,182,000 10,000 948,000 2,000 935,000 night of this week. ' Total balet. This last statement affords a very interesting comparison ot the Saw York—To Liverpool, per steamers Bothnia, 442 Aga- 2,000 Britannic, 1,034 total movement for the week ending Dec. 2, and tor the three memnon, Nevada, 411.;.. Algeria, 470. . . .Pontiac, 2,558 Monarch. 3.583. . .Baltic, yeant up to date, at all India ports. 184... .Euclid, 1,396.... SiriUB, 1,140.... per barqueSevllla, ALBXANoaiA RBCEipre AWD Shipmests.—Through arrangements 125 13,348 To Hull, per steamer Salerno, 815 we have made with Messrs. Davies, Benachi Co., of Liverpool 81& & To Havre, per barque Charlie Hickman, 1,442 1,442 and Aleiandria, we now receive a weekly cable of the movements To Antwerp, per steamer Henry Edye, 550 050 of cotton at Alexandria, Egypt. The following are the receipts To Bremen, per steamer Neclfar, 699 699 per steamer Eilesia, 600 and shipments for the past week and for the coi responding To Hamburg, per barque Der week Wanderer, 150 750 of the previous two years. New ORLEANS—To Liverpool, per steamers Catalan, 3,000 Fedonco, 5,775. ...per shijw Prine* Ru lolph, 4.971 AltJeandria, Egypt, Iron Cro8.s. 5,687.... Victory, 3,309 per bark Beau 1880. 1879. . 1878. Dec. 2. Monde, 3,777 26,519 To Havre, per ship lie Marthe. 4,598 4,598 Beoeipts (oantars*)— To Bremen, per steamer Nurnbcrg, 3,217 3,217 This week.... 150,000 200,000 100.000 To Reval, per steamer Lumle.v C.istlo, 1|700 4,700 Since Sept. 1 1,085,500 1,740,000 765.000 To PasKges, i>er bark Clementine, 1,200 1,200 Mobile—To Liverpool, per bark City of Richmond, 4,05o 4,050 This Since This I Since This Siyicc Charleston—To Liveri-ool, per bark James Kenway 1,600 Keek. Sept. 1. week. \Sept. 1. week. Sept. 1. Upland aud 225 Sea Island 1,825 Exports (lialee)— To Bremen, per b.^^k Llna, l,36^ Upl.iiid 1,368 Liverpool, per bark Bon.ma, 2,!(03 To Liverpool 10,000 125,606 15,000 115,6061 7,000 Savannah-To Upland 2,903 58,.500 To Bremen, per steamer Trafalga. 4,394 Upland 4,394 To Coutluent . . 3,557 53,980 9,834 50,3231 6,000 23 .^00 To Amsteidam, per bark Lea, 2,47S Upland 2,478 bark Altagracia, 1.430 Upland Total Enrope 13,557 179.486 24,834 165.920! 13.000 82.0>0 To B.irci'lona. per 1,420 To Gniioa. per bark Folkefcsten, 1,356 Upland 1 ,356 • A oantar is 98 lbs. Texas-To Liverpool, per steamers Ma.-lboron^h. 4,4 1 7 Slauu- This statement show.-i that the receipts for the weak ending eln, 1,942 Jeranos, 5,040 per bark Agder, 1,470 12.875 Swi'don, per bark Tuisko. 2,1 lo 2,110 Dec. 2 were 150,000 cantars and the To Slalmoe, shipments to all Europe WILMINGTO.N—To Liverpool, per barks Carl Max, 1,159 Erua, were 13,557 bales. 2.458 3,617 Norfolk—To Liverpool, per steamers Loughirst, 5,898 Astri- Maschester M.\rket.—Our report received from Manchester nand, 5,00^ Otway Mocr, 5,2'28... .Spartan, 4,894.... to-night states that quotatioas are unchanged, but prices are per ship Manila Cobb, 4,584 per bark J. W. I'arkor, easier, with freer otferings. We give tha priaas of to-day 4,110 29,719 and Baltimore—To Bremidu. mv steamer Kolu, 1.000 1,000 below, leave previous weeks' prices for comparison: BOSTO.v—To Liverpool, per steamers Bulgarian, 1,183 Bohe- mian, 79S (omitted previously) , 1,981 1880. 1879. Philadelphia—ToLiverpool, per steamer Pennsylvania, 387. 387 Cot'.' I, CotVn Total - 129.316 32» Cop. 854 lbs. 8I4 Mid. 32» Cop. lbs. Mid. I'wist. Shirtinys. The particulars of these shipments, arrang-^d in our usual VpUh 2 wist. Sliirtings. Uplds form, are as foUovrs. d. d. ft. d, 8. d. d. d. d. 8. d. s. d. d, Bremen Amster- Re- Barce- 1 »'(( Oct. 914® 6 7'3®7 9 6 3 -817 6 6I3 and dum Dbcbmbbr 4, 1880.J THE ('HRONICLK 595 Below we give all new-i received to date of disasters to vessela FUOAT. carrying cotton from Uaited Statea ports, etc.: Dtlivery. d. ] IMleery. 4. | A. Deo 611,8 AujiTiiA, steamer (Br.), Barwlso, from Now Orleans, with cotton for May-June ..6*^ Kay-JoM e>*M Uec.-Jan 6>ii« Liverpool, put into 8t. Solius, N. F., Nov. 2.5, with lier tire. Feb.-Mar S^ Jna^Joly gsiJI careo on Jan.-Feb 633.. tiro Deo anZ JaiL-Feb OmS The was In the two fure holdM. She wuh dJKcharKlnK her car^o Feb.-Mar on the 21)th. Five bulcs that were on tire were laiiaed 6^ Dec-Jan (WC l^nb-Mar »uTZ on that Mar.-Apr 6is,. morning frum ditferent partH of the hold. Tlie extent of the Jao.-Feb 6V^ Mar. Apr Apr.-May 657,2 Wtt damage can only he Hst^ertained wlieii the two Uold« on wlilcb the tlrcmen are workin« shall have been cleared. HORDKN, steamer (Dr.). Turner, from Port Uoyiil, 8. C for Bremen, BRE ADSTUPFS. before reported put Into Tybee, with cargo on lire, Ac, sailed again from Savannah on Nov. 25, for Liverpool. Fbidat. p. M.. Dae. 3, IMOk 8ANDR1NUHAM. Steamer (Br.)—Two hundred bales of cotton, belonging to The flour market has been tho British steamer Sandringham. and stored on Baker's Wharf, comparatiTely quiet, and prioM were nearly consumed by lire earlv A. M. on Nov. 2'f. They were have declined to some extent, enpeciall/ fur the low aad insured. The steamer arrived at Baltimore. Nov. 2H, for repairs. 8inRLEV, steamer, lying at West Point, Va., caught lire in tho evening medium grades. The interior mllleni hare poshed forwaid of Nov. 29 ; 223 bales of cotton on the steamer and 2,377 bales on supplies, in anticipation of higher rallwajr freighU, and tb« the wharf were burned ; loss about $130,000. Louisiana, bark ([till.), tlandoUo.—On Nov. 2ti a tiro broke out In the pressure of small parcels upon tho market haa weakMMd cargo of tho bark lA)ui8iana, (Ital), loa Sales of the week bales. 6G.000 69,000 82,000 66.000 Indian com has also declined, under increasing supplies by Sales Ainerioau 49,000 57,000 58,000 47,000 rail present and prospective. There are moderate offerings Of which exporters took.... 9.100 7.400 10,000 9,100 Of Of which speculators took.. 2,500 3,700 8,800 9,100 new com from the South, which comes forward in very good Aotoal export 8.200 H,400 7,600 8,800 Forwarded 13,000 14,500 18,500 16,000 condition, while the export demand is much less argent. To- Total stock—Estimated 424,000 412.000 435,000 441,000 day No. 2 mixed sold freely at 59H@6lc In store and afloat, and Of which American—Estlm'd 301,000 316,000 318,000 321,000 Total import of the week 92,000 97,000 82.000 79,000 January options declined at the close to 61 ^e. The sales of which American 81,000 79,000 72.000 Of 59,000 white were at as quality. Amountafloat 286,000 239,000 236,000 282,000 new Southern 57@59>^c., to Of which American 252.000 217.000 219.000 266.000 Rye has been dull, and closes with |1 02 the best bid for The tone of the Liverpool market for spots and futures each day of the prime boat-loads. Barley has been very dull, and prices have week ending Dec. 3, and the dally olosiug prices of spot cotton, have t>?en as follows: lost a portion of the late advance, closing at a nominal decline of 5@10 cents per bushel, though much of the stock is still held 8atur Nov.-Deo. . . 627.,oa2532 Mar.-.\pr e'a Nov 62-333 (From the " Neit York Produce Bxehanne Weekly.") Dec-Jan 627,2 32032 .May-June 63I32 Dec.Jan 62332 Jan.-Feb e'ga's,, Mar.-Apr 62733 Jan.-Feb 6% Receipts of flour and grain at Western lake and river porta Feb.-Mar 62932 ® May-June Feb.-Mar ...62532®i3j6 ''a ^''la for the week ending Nov. 27. 1880 : Mar.-Apr.. .615,60)2932 Nov .Mar.-.\pr 6% 613io Oat*. Barley, Kyt, April-May eaisoaiSjg Nov.-Deo 6% Apr.-May 627,3 Flour, Wh^t, Com, bmh. btuA. buth . bush. btuh. May-June 'f'so a7 Dec-Jan 6% May-June bbU. (32 lbs.) (48 lbs.) (56 lbs} Jan.-Feb 62532 At— (196 lbs.\ (60 lbs.) (56 tb:\ Chicago 79,905 539,204 988.88.^ 174,811 121.440 30.418 Tuesday. Milwaukee 52.925 271,502 13.090 22.7.'")0 118,100 24,240 286,370 35,429 S»7 Nov 6:ii6®^^32 1 Dec-Jan 6% Dec-Jan 62832 Toledo 1,250 418.343 Nov.-Dec aiiia. Jan.-Feb 62533 Mar.-Apr 62733 Detroit H,526 176,250 3.778 5.522 7.005 Deo-Jan....6iiia®23.<,2 Feb.-Mar 627; Nov.-Deo 62333 aeveland 3,246 21,500 19,000 4,000 2,000 500 58,959 58,950 Jan.-Feb 62332® % Mar.-Apr 67^ Jan.-Feb 6% 8t. Louis 31.270 252.214 385.065 59,986 Feb.-Mar 620,2 Apr.-May 615,6 Keb.-.Mar 625,3 Peoria 4,946 9.900 228,500 101,500 12,500 20,27& ®%®®2032 May-June 63133 Mar.-Apr 613,8 Duluth Mar.-Apr. . . 625,2*13,6 June-July 7 Apr.-May 627,3 320.0O4 71.134 May-Juno.. 6-»3.i®i5,6 Feb.-Mar 613,8 May-June 67g Total . ... 182,068 1,688.913 1,904.683 403.031 Nov.-Deo 6% Apr.-.May 62933 Same aine HO. 163.840 1489,106 1.925,723 374,418 326,127 49.63» Wednesday. Total receipts (crop movement) at same ports from Aug. 1 to ' .... 629,2 Deo 62532®%®2333 Apr.-May » ''a Apr.-May 62032 Nov. 27, inclusive, tor four years: Dec-Jan 6%®2532 May-June ..6313381519 Jnne-Jiify 7 1879. 1878. 137T. Jan.-Feb 613,0 June-.Inly 631,2 Jan.-Feb. 63,6®2532®.Tj ISSO. 6,141,604 6.278.558 5,26 1.2 HI 4.58::.67» •a'25,2®% Jan.-Feb 6253^ Feb.-Mar 613,6 Flour .bbl9. Feb.-Mar.. .627.,., 4^2532 Feb.-Mar.... ti^SigH,!^ Mar.-Apr 6732®i",6 7d.8l0.ajl 92.7U,0=i() 82,905,046 49.402.894 Mar.-Apr 012733 Mar.-Apr 678 67g Wheat bush. e's Apr.-May 112,408,aoa 100.826.907 88,532,316 74,670,063 »ni.. 22,378.133 Thursday. Oats 3G,616,2«9 29.143.880 29.175.840 9,37.'<.?10 8.437.093 Deo 611i8®2l33 JuneJuly 615,8 Dec-Jan 62333 3,681,709 2,240.139 BMley 4.747,876 4,810.915 Deo.-Jan..^.6iiie®2i33 Jan.-Feb 611,8 Jan.-Feb 623,3 B^.„.: 3,574,847 4,515,149 Jan.-Feb 623,2 JuueJulv 629,,^ Feb.-Mar 635,2 214,786,913 159,699,007 Feb.-Mar 625,3®% Apr.-.May 613;6 Mar.-Apr 613, Total ^grain. 270.182.018 236.410.185 Mar.-Apr ..6i3i«®25j2 May-June 629,2 April-May 67b shipments at the same ports from Aug. I to Apr.-May 6'8a27.,3 Dec 6S332 May-June 62732 Comparative May-June 62932®'?^ Nov. 27, inclusive, for four years: . : » 598 THE CHRONICLE. [Vol. XXXI. 1880. 1879. 1878. 1877. Domestic Cotton Goods.—The exports of cotton goods henco 2,264,625 2.319.837 noor., ..t>l>l«. 2,872.-^42 2,533,619 to foreign markets for the week ending November 30 were in 39.111.276 Wheat.... .boab. 17,860,927 5", 720.195 4H,d98,057 Oarn 52,Hl(j,a51 3l,!)87,690 36.075.19-1 31,761,474 the aggregate 2,273 packages, including 1,363 to Great Britain, 11,583,797 12,ii81,Hl3 15,501.7.19 ll,.552.6.--.8 Oate ' Barley... 6,175,!»73 B,801,402 6,444,959 5,583.307 261 to Hayti, 128 to United States of Colombia, 109 to Ven- Bre 2,182.193 2,602,038 088,.'>67 1,857.808 ezuela, 68 to Mexico, .58 to'Argentine Republic, and some minor 125.ri2l,54l 109,173.733 107.624,i26 89.669,525 XotalKraln .... shipments. There was a steady demand for all kinds of brown Comparative shipments of Hour and graia from tile same bleached and colored cottons, and grain bags, quilts, &c., were orts from Jaa. 1 to Nor 27, iaclu.sive, for four yeaw 1880. 1879. 1878. 1877. more active than of late. Prices continued very strong, and a 5,570,499 4,816,107 Tlonr »bl8. 5,141,893 6.323,490 farther advance was made on many prominent makes of brown Wheat. .basb. 67..'j4 1,806 76,571,013 67,185.755 42.388.722 and bleached goods, wide sheetings, tickings, denims, rolled 123.825.685 82.373.510 77.686.753 66.089,7si3 Oon.... jaconets, cambrics, wigans, grain bags, crochet Marseilles Oats.... 29.72">.2i)6 20.594,963 20,935,358 17.443.431 and 5.369.581 Barley. 3.857.370 5.213,390 4.932,036 quilts, &c., most of which are in exceptionally light supply in Bre.... 2,910,238 3,043,851 3.663,908 2,343,591 first hands. Print cloths were quiet, and a shade easier, at .-..227.859,395 198.720.073 174,403,830 133,605.121 Total (rain 4 5-16@4%c. for 64x64s and 3 3M@3%c. for 56x60s. Fancy Rail shipments from Western lake and river ports for the prints were somewhat sluggish, but there was a steady inquiry weekt ended 1880. 1879. 1878. 1877. for shirtings, robes, staples, &c. Ginghams were less active, Week Week Week Week but stocks are almost nominal prices remain firm. Koe. 27. Nov. 29. JVop 30. Dec. 1. and Flour bbls. 155,098 123,777 126,412 118,062 Domestic Wooleu Goods. —There has been an irregular Wheat bush. 229,296 102.172 394,723 131,875 demand for men's-wear woolens, but flannels and blankets con- 187,170 188,566 176.428 Corn 421,753 tinued to move steadily, at full prices. Heavy clothing woolens Oits 451,078 121,322 305,3 1 4 109,398 Barley 97,937 107.766 98.394 95,109 were taken in small lots, for keeping up assortments, most Bye... 56,439 16.898 15,730 2,380 relative activity having been noticed in plaid-back overcoatings. 535.628 1.012,737 514,990 Total 1,259.603 737 Spring cassimeres and suitings were a trifle more active, and in p)rt3 for last four weeks : R Detroit ;. . . 597.858 2.873 23,984 6,421 there was a fair movement in holiday handkerchiefs and laces Oswego 80.000 130.000 450.000 20,000 private hands and through the medium of the auction- et. Louis 1.991,335 635,081 174,637 66,530 59,880 from Boston 235,259 197,373 96.140 13.449 rooms. Toronto 93.164 2.000 325.605 6,423 Montreal (13tb).. 95.120 23,000 14,820 11,064 6,486 Philadelphia 1 ,295.943 68,816 Export* ot lieadlas Articles or Domestic Produce. Peoria 7.718 81.386 121,288 4.847 33,373 Indianapolis 222.200 87.000 101.000 10.400 The following table, based upon Custom House returns, showi Kaiiaas City...... 301.050 108,167 102,237 12,920 3,003 exports York of all leading articles of Baltimore 2,249,658 557,907 the from New domestic Onrall 229,296 421,753 451,073 97,9-17 56.489 produce for the week ending with Tuesday last; also the exports Onlake{est) 612.0CK) 1,513,000 70,000 27.000 9,000 On canal (est.).... 1.445,000 4.504.000 48,000 111,000 40,000 from the 1st of January, 1880, to the same day, and for the cor- responding period in 1879: Total Nov.27,'80 24,622.130 16.683,747 3,657,260 2,149 380 8 l,6l7 Nov. 20. -80 21.190,673 17.935.815 4.296.074 3.62. ,uy3 ».i3.147 Nov. 13, '80 23,241.036 16,402,130 4,477.433 3.472.544 846.679 Week ending Since Jan. 1, Same time Nov. 6. '80 21.750.560 17.322, "61 4.916,355 2,702,178 869,592 ..YoD. 30. 1880. last year. Oct. 30. '80 19.11«.1"2 19.364.145 5.053.378 2,611,581 897.687 Nov. 29, '79 23 217,800 10,296,951 3,026,417 4,079.7! 2 1,234,487 Asbes, pots bbls. 790 1,182 Ashes, pearls bbls. 196 184 * There i.s an apparent decrease in I'orn of 1,252,000 bushel?, wlilch is Beeswax lbs. 86,780 68,578 probably more tli.in the decrease should be, as there is usuall.v at the Breadstuffs— close of navigation corn held in vessels at lake ports which docs not Flour, wheat bbls. 128,772 4,026,161 3,298,652 make its appearance in the stocks reported In store. With ],901,6-!8 Flour, rye bbls. 10 3,764 5,791 bushels receipts for the week at Western lake and river pons, 2,163,471 Corn meal bbls. 4.821 177,334 139,659 bushels receipts for the week at Atlantic seaVorts. aijainst 1,61', 336 Wheat bush. 649.247 58,603.391 58,500,783 exports for the there should not If bushels from thence week, be much, Ej'e •. bush. 44,524 1,996,439 3,721,959 any, decrease in the visihle supi>l.v. There is an apparent decrease in Oats .bush. 5,931 384.220 502,513 the visible sni ply of oats of nearly 037,000 bushels, which is caused Barley bush. 262,906 147,867 in part li.v leavinjjr out of the visioie supply the estiniated amciut ailnat Peas bush. 12,192 304.117 359,817 in New York harbor, which was the previous week estimated at 480,000 Com bush. 1,103,026 47,900,312 32,556,757 bushels. Caudles pkgs. 503 50.242 51,537 Coal tons. 1,112 53.991 66,981 Cotton bales. 13,124 602,542 409,027 THE DRY GOOD 3 TaA.DE. Domestics pkgs. 2,273 109.225 117,369 Feidat, p. M.. December 3, 1880. Hay bales. 999 106.161 61,630 past has not developed Hops bales. 2,126 19,366 58,145 The week much change in the general Naval Stores- fiondition of the dry goods trade. There was a continuance of Crude turpentine bbls. 150 Bpiiits turpentine bbls. 652 29.398 8.596 the buoyancy lately noticed in staple cotton goods, and the Rosin bbls. 1,475 184.962 150,123 bbls. 140 6.627 6,727 upward course of prices has given an impetus to the demand Tar Pitch bbls. 149 5,108 4.798 for certain fancy cotton fabrics adapted to the spring trade. Oilcake cwt. 27,158 4,070.975 1,515,258 consequently Oils- There was a fair movement in such makes of Whale gals. 70,985 201,725 320.374 white and printed pic^ues, lawns, &c., as could be secured at Sperm gals. 930 136,973 Lard gals. 2,919 685.060 1,191,413 about old prices. There has been a slightly-improved inquiry Linseed gals. 120,910 12,403 Petroleum gals. 5,297,193 228,733,611 247,527,705 for men's-wear woolens, clothiers but are still operating cau- Provisions- tiously, notwithstanding the relatively low prices at which Pork J.bbls 3.088 214,786 £30,342 Beef bbls 576 55,730 48,306 spring woolens have been placed on the market. A feature cf Beef tierces. 979 51.113 53,701 lbs. 11,769,453 490.287,289 500,728,908 the week's business was a peremptory auction sale (for Cutmeats the Butter lbs 323,405 4i7.276.663 33,905,843 benefit of the creditors of a bankrupt manufacturer) of 12,000 Cheese lbs 1,471,957 115,594,875 120,627.815 Lai-d lbs 5,118,630 267,501.746 223,740,223 American silk handkerchiefs dozen and 500 pieces American Rice bbls 427 21,388 13,089 lbs. 62,617,195 dress silks. The sale was largely attended, and proved success- Tallow 234,723 73,802.132 Tobacco, leaf hhds. 790 84,224 63,117 ful, the entire offering having been disposed of at good average Tobacco bales and cases. 677 4»i.593 37.054 Tobaoco,manutactured. lbs. 143,682 6.364 824 5,914 171 prices—the advancing tendency of la-.v silk having contributed Whalebone lbs. 4,504 104,943 94,641 to this favorable result. December 4, 1880.] THE CHRONICLE. BoMton Bankers. Southern Banker*. PlRaaclal. nog. p. MtLLKB, B. II. WILUAMa, JHO. V. KILLKB DWABO POMBBOT, W. . COX.JB., OaCAR •. Mm Geo.Wm.Bnlloii&Co OBAM. U. MILI.EU. BANKERS, Thos. P. Miller & Co., Pomeroy, Cox & Smith, 14 Wall street, 72 DcTOimhlre St., BANKBRK, NKW VOHK. BOSTON. IHOBILB, ALABAHIA. BANKKKH AND BHOK£B8, Special attention paid tocolloctionit. w'lh prompt remittances at current rates uf exciiange on day of n». DEPOSITS UliClCIVED AND INTK11E8T ALLOWED. payment. 37 BBOAO aTBBKT. Correspondents.—Oerman-Amerlcan llnnk, New miJNICIPAL York: Luuisiana National Bank, Mew Url>nin>: Bunk Cbolce RAILROAD and of Liverpool, Liverpool. Samuel A. Strang, SECU ul'riES For Sale. Weitem so PINB ttTRCBT, NEW YOBB« Geo. \Vm. BALLor. Qbo. U. noLT. Bank*. BANKER Brewster, Basset & Co., P. F. Keleher&Co., AUD COMMI88IOM MERCUANT, Bnysud sells Investment BMnrttlas. All f 805 OlilVB STREET, ST. LOUIS, IVIo. OMs connscted with railways nodartakee. B A N K E R , Flr9t-cla«B Western Invoittment Securitlet for No. 35 OONnKKS*) NTHKKT, Bale. St. Louis City und Stiiien of Mtsnuuri, Ktinwii, Texas, Arkansas iind Colunulo Bunds a «pechilty. Schulz & Ruckgaber, Full Informutlon given in refereuoe to same ou ap BO$)TO:V. llcatlon. Coupon* and dlTldenda collected. HANKERS, 22 tl llllatn Street. Naw York. MEMBKRS OP THE NKW YORK AND BOSTON H. R. Prather Co., ConUEIIPOM>EXT<* or TU STOCK EXCHANQES. & lalcmallenal Bank of I.ao 1. a (UaltoO. LfODdoB. ALSO, REtL ESTATE AND INSURANCE, Mesara. Dealers in Mnniclpal, State, Railroad and Joba Bereaberc. Uaaaler ti C*., 86 SIXTH AVE., WBST OF KAN. AVE.. HaaibarB. United (States BondH. Commercial and Traralar ' < radlu. BUla af Bb. TOPEKA, KANSAS. Uitnge. ''ibu ransfars. Tower, Giddings & Co., Loans negotiated. Collections made. Taxes paid. BANKERS, Municipal Reciiritles bniisht and sold. Vernam & Company, U. r. l-asKBL, ) STAIK BANK, ( No. 83 DEVONSHIRE STREET, fresident. 1 Incorporated lifi5. t Casliier. BANKERS AND BROKBBS, B O S T O > . • No. 34 Aeur S(r««t, K«vr York. German Bank , Orders for Rtocks executed in Boston, New York Buy an(1 Sell Stocks, Bondt and Oov«mmeata vn I.ITT1.E and otlier markets. ROCK, ARK. CommiHAiiin. either fur Investment (ir un margin. OVPITAL (PA13-1N) ftifOOil. AI.BRKT II. VkKMAM, JCl>WAUIi M. BOKD. Member S. Y. Stuck Exchange. Chas. A. Sweet & Co., HOKPLCS ll.t,01) n THE CHRONICLE. [Vol. XXSl Financial. Commercial Cards. Gommercial Curds The Brooklyn Trust Co. Wright, Bliss & Fabyan, Brinckerhoff, Turner Cor. of Monta«ae & Clinton sta., Brooklyn, N. Y. New York, Boston, Philadelphia, & Co., This Company Is authoriied by special charter to AGENTS FOR LEADING BRANDS act aa receiver, trustee, guardian, executor, or ad- SELLING rUasnfactnrert and Dealers Is tnlnistrator. ^ . ^, , » . It CUM act as agent In the sale or management oi BROWN AND BliEACHED SHIRTINGS treal estate, collect Interest or dividends, receive AND 8UEETINGS, COTTON SAILDUCK registry and tr.-tnsfcr bootcs, or make purchase and >flaie of tJovcrnment and other securities. PRINTS, DENIMS, TICKS, DUCKS, Ac. Religious and charitable Institutions, and persons And all kinds of unaccustomed to the transaction of business, will Towels, Quilts, White Goods and Hosiery. COTTON CANVAS, FELTING DUCK, CAR COVER And this Company a safe and convenient depository President. mo, BAGGING, RAVENS DUCK, SAIL TWINKS «or money. HIPLEY HOPES, DriUe, Sheetings, (t.c.,for Export Trade. CHAS. n. MAHVIN, Vlce-Pres't. AC. " ONTARIO ' SEAMLESS BAGS, Edqar M. Cullen, Counsel. 'MIUSTEES "AWNING STIilPES.' Wm. B. Kendall, Henry Sanger, Alex. McCne* George A. Clark & Bro., Also, Agents .John P. Rolfe, Chas. B.Marvin. A A. l,ovr, Thomas Sullivan, Abm.B.Baylis, Henry K.Sheldon United States Bnntlng Company. H.K. Picrrenont. Dan'l Cluiuncey, John T. Martin, Alex. M. White. Joslah O. I,ow, Iliplcy Hopes, A (all sapply all Widths and Colors always In atoeC Austin Corbin. Edmund W. Corlies. WM. R. BUNKER, Secretary. No. 109 nnan« Street. R. A. Lancaster & Co., E.R.Mudge,Sawyer&Co BANKERS AND BROKERS, AGENTS FOR 66 BROADWAY, NEW YORK, ANP Wasblngton mils, Cblcopee Mfg. Co. DEALERS IX iniiiW^ARixs HEI.1X needi.es Burllngtnn W^ooleu Co., Secnrltles. Ellerton MIIIb, FIrst-Class Investment 400 BROADWAY, NEW YORK. New GOVERNMENT BONDS, STATE. CITY, COUNTY Atlantic Cotton miilii BAU.ROA1) & MISCKLLANEOUS SBCOBITIES Saratoga Victory Mfg. Co., Uceao nuis Bought and Sold on Commission. AND VlrginUi Tax- Receivable Coupons Bought. Hosiery, Sblrts and Drawers BOnlBEBN SECURITIES A SPEOIAL'17. h rom Various Mills. LOANS NEGOTIATED. new york, boston, Interest Allowed on Deposits. 43 & 45 White Street, 15 Chauncet Stbkit PHILADELPHIA. J. W. DAYTON, 230 Chestnut Street. E. S. Bailey, 7 FINE STREET. Insurance. Insurance Stocks No. II Old sup, New York. The United States A SPECIALTY. Life Insurance Comp'y, r Cash paid at-once for the above SeSecurities ; or 261—264 Broadway, N. Y. they willill'be sold on commission, at seller's option. Assets, .... $4.983.2«6 81 Surplus, .... 872,484 0« Scranton & Willard, JAMES BUELI President. 72 BROADWAY AND 13 NEW STREET J.B&J.M.CORNELI LIBERAL AND IMPORTANT CONCESSIONS IM PRIVATE WIRES TO LIFE INSURANCE CONTRACTS. Delmonico's, 139 TO t43 Windsor Hotel, Cumberland, CENTR E ST/N.Y Examine the new form of Policy Issued Gllsey House, Philadelphia. by the United States Life Insurance Company before in- GRAIN AND PROVISION DEPARTMENT i¥ROUGHT&CAST IRON WORK suring elsewhere. under charge of After the premiums for three or more years haTe Messrs. IFALLKINDSsEOR BUILDJNGS&C been paid, upon receiving the required notice from L. G. QUINLIN & CO. the assured the Company will continue the Policy Chicago-Correspondents. JOHN T, LESTER & CO. Repairs Promptly Attended To. in force without further payments, for its FULL FACE, for such a period as the ENTIRE BK3BKVB will carry it. Should the d ath of the Insured take place during Buttrick & Elliman, the continued term of insurance as provided for above, the full face of the Policy will be paid—ne BANKERS AND RROKERS, deduction being made for foreborne or unpaid premiums, excepting in the event of the deatt Nos. 37 39 W^all St, New York. occurring within three years after the original & default. and mJ'l®.5^7 'o"" "' Endowment Policy provides !- BONDS, STOCKS INVESTMENT SECURITIES That if BOUGHT AND SOLD UN COMMISSION. the ENTIRE RESERVE is a greater.sum than the single premium required to carry the fnU C. A. BnTTRiCK, Member of the N. Y. Stocli Exch'ge amount of insurance to the end of the endowment Wm. Elliman, Memoer of the N.Y. Mining Eich'ge term, the excess shall be used as a single premium ^iu\ to purchase a pure endowment, Wtm. payable at the end of the term, thus guaranteeing to tlie policy-holder GOLD MEDAL, PABIS, 1878. in every event the full value of his Reserve. NO SURRENDER of the Policy Is required ; only a His Celebrated jffumbere, notice from the policy-holder, on blanks fur- nished by the Company. 303-404- 1 70-35 AFTER THREE YEARS, ALL RESTRICTIONS i -332. and and his other ttylet may be had 0/all CONDITIONS in regard to travel, residence, dealeri occupation and cause of death throughout the toorld. are removed, thus making the Policies, after three years. INCON- Josepll GiUott TESTIBLB FOR ANY CAUSE, BXCEPTINQ & Sons. New York. FRAUIJ. The Company will, upon application, send Circu- <^ Co. larsgiving full particulars. -B A jy K E R § , Oince or Middle Department, Boreel Building, -TM E No. 117 Broadway, N. Y., Henry W. Baldwin, Sup't. WEo . 18 W^AIili STREET, New York. Transact a General Banking Business, including he purchase and sale of STOCKS and BONDS for UTUAlMf HOME ash or on margin. Buy and Sell InTeotment Securities. Insurance Company P. O. BOX 2,«47. INSURANCE COMl OP NEW VOKK, A.M. KIDDER. "WATLAND THASK. H. J. MOKSE OF NEW YORK. OFFICE, 119 BROADWAT. g-————-F.S.WINSTON, PH ESI den: THE SSUES EVESr APPROVED DESCRIPTION O Fifty-Fourth Seml'Ultnnal Statement, Bxittenstene .IFE AND POIICIEI SHOWINQ 'TfiFB ENDOWMENT CONDITION OF THE COMPANt INTERMS AS FAVORABLE AS THOSE 01 ON THE FIRST SILVER 9IINI\0 COMPAIVY. „ ANY OTilER COMPANY. DAY OF JULY, 18S0< 12 TH CASH CAPITAL Organized under the laws of the State of New Yorli ..— 25fi±ii^^ APRIL 1842. $3^)00,000 00 August 19, 1880. KeserTefor Re-insurance 1,856,954 00 TRUSTEES: Reserve for Unpaid Lasses 166,391 83 John E. White, Metals, 4fl Cliff Street, ;ASHASSEIS0y£R$6a0OO,OOC New York' Net Surplus 1,366,988 06 Michael J. DrummoDd, Metals 48 ClilT St.. N, Y Richard J. Morrisson. i.awver. £5 Nassau St. N *Y Assets F. ' Cash $6,390,233 89 Henry Brittenstone. Alpuie, CliaJTee Co., Col! Wire Rope. John B. Henslee, Mining Properties, Leadville Col SOmniARY OF ASSkTS Jeremiah O'Kourke. Architect, Newark, N. J. 8TBBL AND CHARCOAL Held In the United States, available for the counsel ; PAT- IRON of superior MEN r of LOSSES by FIKE and for Voorhls & Morrisson, 25 Nassau Street, New York quality the proteo- CONSUF.TINQ ENGINEER; suitable for MINING AND tion of Policy-Uolders of FIRE INSURANCE: •George Daly, Leadville, Colorado. Cash in Banks 9329,683 45 HOISTING PURPOSES Bonds and mortgages, being first lien on REGISTRAIIH OF STOCK ; real estate (worth Jflnlng Trust Company, Boreel Building, New Inclined Planes, Transmis- 94.144,950) 1.RS2.988 00 York United States stocks (market value) 2,724.500 The properties of this company are at Alpine; islon of Power, flO County, Ac. Also, Bank and railroad atoirks (market value) 339,576 Chatri'O Colorado, and consist of eight IGaivanized Cliarcoal and ^ mining claims. Mr. George Daly, the State and municipal b'ds (market value) 191,350 00 well-kn ^n BB for Ships' Ri/fging, Sus- Loans on stocks, payable mining authority of fiOiidville. estimates pension on demand 4S0 OBO Bridges, Derriclt (market value 49). ounces of silver In sight in three lodes alone (iuys. l'.'06,800 6.52.2S0 00 llill Ferry Hopes, &c. A Interest due on 1st July. I880 runs average788Ji ounces of silver to the ton large stock tsi.SlO 47 and constantly Oii Balance in hands of agents 142.103 68 specimen,ores have assayed as high ajs 23,(i00 ounces liarid from which any de- Real estate 66,103 of sliver to the ton. sired lengths are 16 A LIMITED QUANTITY OF TREASURY FLAT STKBL cut Premiums due and uncollected on poli- STOCK AND IROi cies issued at this office 8.420 88 POR SALE. ROPBS for Mining purv — The properties of the company have permanentPc-^manent poses manufactured to or- value and will repay investigatioii. der. Total 96,3110,233 89 For pamphlets and particulars, apply at the ofBoes JOHN W. ZSjISON CO., CHAS. jr. mAKTlN, Presldeut. 01 the Company, No. 20 Nassau & Street, New York. 43 B sadirajr. New York. J. H. 'WASHMVKN, Secretary. . : DaCBMBBB 4, 1880 ] THE CHRONICLE. Tfi Insurance. Pubilcatlont. COUOR. Hnar H. Wa«». OOXiA* ( OFFICE OF THE Ware & Schroeder, ATL ANTI C Financial Review, OOTTON C0MMIB810N MEKCHAim, 111 Pearl Street, If aw T*rk. (ANNUAL.) Mutual Insurance Co. apeelal attwitira paid to tka axaaatloa a* aM«« ar tha pnrohaa* oraala of aoatraau for fataf* 4e. 1 88 1 . Urary of oottoo. Ubaral nlraanaa Ba4e an aaa Nkw Yobk, January 21, 1880. •laaaianta. The TrusteM, In conformity to the Charter of Wm. mobb. h. w. BjkKmmAtn. the Company, submit tbo following Statement OLHfnra naaiHi of Its alTairs on the 31»t December, 1879 : A MANUAL Premiums received on Marine Mohr, Hanemann & Co., Risks, from 1st January, 1878, FOB to 31st December, 1879 $3,699,066 58 COTTON BBOKERS, Premiums on Policies not marlc- edoff 1st January. 1879 1,671,981 91 INVESTORS AND BROKERS. 1st PBARL STRBBT, Total amount of Marine Fre- mioms $5,371,048 49 NSW TORK. No Policies have been issued upon Life Risks; nor upon WILL. BE PUBLISHED Spaoial attantloo glvaa to tha aEaaatloa oC 0B> Fire diroouneoteA with Marina 0BB8 FOB FDTURB C0NTBACT8. Risks. OBAS. r. R0HOB By order of the Board, liOUIS DB BERIAN, Asent, COTTON, STOCKS, I BONDS, Jce. 2S «riLLIAM STREET, NEW TORK. J. H. CHAPIHAN, Secretarj. 6 Boivlins Green. Orders In " Futoraa" azeentad at M.T.Oottoa I Cotton. TRUSTEES: A. L. Leman & Co., I COTTON BROKERS, D. Jones, Horace Gray, J. P. Billups & Co., No. 160 SECOND STREET, Charles Dennis, Edmund W. Corlies, J. W. H. H. Moore, John Elliott, COTTON BIACON, GEORGIA. Lewis Curtis, Alexander V. Blake, COMMISSION MERCHANTS, Entire attention paid to purchase and ahlpmant a order for 8plnners and Bzportara. Clmrles n. Russell, Robert B. Mintum, Cotton on Noa. 74 dc 76 Wall Street, Best of references furnlahad. Conaspondaoa* Jaraes Low, Charles tl. Marshall, solicited. (Seamen's Savinos Bank Buiu>ino,) David Lane, George W. Lane, NEW T(XRK. 3ordon W. Bumham, Edwin D. Morgan, Parisot & Campbell, A. A. Raven, Robert L. Stuart, Special attention given to the Purchase and Sale of Contracts for future delivery of Cotton : also, Wm. Sturgis, James G. Do Forest, execute orders tor Purchase and Sale of Stoclcs and Cotton Factors, Adolph Lemoyne, Frederick Chauncey, Bonds for Southern account. TICKSBVRG, niSS. Benjamin n. Field, Charles D. I-overioh, Joslah O. Low, William Bryce, Felix Alexander, Ordera to Purchase Cotton In our martat aoMaHet Wm. WOODWARD A WUliam E. Dodge, William II. Fogg, Refer to Meaan tmUMAM ToA. Royal Phelps, Peter V. Klug, COTTON BROKER, New Thomas P. Youngs, Thomas B. Coddlngton, AVGirSTA, OEORCIA. . C. A. Hand, Horace K. Thurber, John F. Wheless & Co., John D. Hewlett, Willl.am Degroot, Bntlre attention given to purchase of COTTON ti William H. Webb, Henry CoUIns, ORDER for SPINNERS and EXPORTERS COTTON Cbarlas P. Burdett, John L. Riker. COBBESPONDENOE BOLXOXTBD. OOBf n ISSION mEROHANTS J. D. JONES, President. of Aagnsts, Georgia References :—Natloaal Bank NASHVILLE, TENNB38KB. Conunlsslon New CHARLES DENNIS. Vice-President Henry Hentx A Co., UerchanU Speelsl attention given o Splsnera'crdara. Oon^ ; William B. Dana A Co., Proprietors Comhbe Terk aollclted. spoadence .. „ .. , - .. W. H. H. MOORE, 2d Vloo-Presldent. oiAL AND FiHAHOiAi. Chbohiolb, and other Ne« ^rEUiiOBa.-Thlrd and Fourth NaUaaal Bank CHBonou. A. A. RAVEN, Sd Vioe-Preeloen*. roik Hoiues. and Froprtetor* of Tbb Tiii THE CHRONICLE. IDbcekbsb 4, 188a Uu- Cotton. Cotton. Cotton. Wpqdward & Stillman, B. F.BABCOCK&CO. BKAMEirS BANK BUILDING, INMAN,SWANN&Co COMMISSION MERCHANTS, 17 TVater street, tilVERPOOE., iro*. T4 dc T6 \rall street, COTTON Receive consignments of Cotton and other Produce. and execute orUers NKW TOBK. at the Kictaanges in Liverpool.'»"~"'" COMMISSION MERCHANTS, Represented in New York at the oflice of BABCOCE BROTHERS & CO.. Cotton Kzchangpe Building, «ENEBALCOMMISSIONMEBCHANTS 60 Wall 8tk«bt. bOANS IHADB ON AOOBPTABLB 101 Pearl Street, New York. SECVRITir. THE BRO^riV LOANS MADE UbCKl (dTuicea made on ConslKnments. ON Cotton Gin Company, BpceUkl »Kentlon paid to the ezeoutlon of orders SOVTHFRN SECURITIES. for tbe pnrchaae or sale of ooQtracts for future HEW LONDON, CONN., deliTer7 of cotton. manuvactitiuers or th« celebratxd ackihah Co., Lamuir, * LBHMA17, DUBB A Co. Brown Cotton Gins, Gin Feeders Robert New Orleans, Ia. MoQtgomer;, Ala. and Murdoch, Condensers. COMMISSION MERCHANT, LEHMAN BRO'S, COTTON GINS FOE EXPORT. 111 P«arl Street, New York, C OT TON Factors R. M. Waters & Co., Liberal adrances on consignments of Cotton for AND COTTON COMMISSION MEECHANTS AlTD Sale In New York or Liverpool. Especial attention COin?IISSION siTen to Sale and Purchase of Future Contracts, nERCHANTS, BANKERS, S4 BROAD STREET, NEW^ YORK. both in New York and LIYERPOOL, on reasonable 40 KXCHANQK PLACE. terms, and profits paid as soon as realized in either Special attention given to Investment securltl s market. Nenr York. brden executed at the Cotton Exchanges lnKe« Insurance. Geo.H.McFadden & Bi'o S'orkand ^i>erpo9l aid adrajaees made on Cotton and other produce coneigned to us, or to our corre- eCTTOW FACTORS spondents in Liverpool, Messrs. B. Newgass & Co. AND COMMISSION MEECHANTS, and Messrs L. Rosenheim & Sons. ^ETNA 131 Cbestnat St., PblladelplUa. W.C. WATTS. David HASWELL. Chas. W. Watts. Thomas J. slaughter. Special. Insurance Company Bennet & Foulke, Watts, Haswell Co., & OF HARTFORD. 56 STONE STKEET, NEW YORK, conmissioN iherchaihts, Assets July 1,1880 $7,076,680 X21 PEARL STREET, COTTON FACTORS Liabilities for unpaid losses and re-insurance fund .'. 1,658,110 YORK. AND COniniSSION MERCHANTS, NEW Capital 3,000,000 Special attention glTcn to the execution of order Watts, Haswell & Co. will make advances on Cot- NET SURPLUS ton and other Produce consigned to them, or to $2,418,570 for the purchase or sale of Contracts for Future W. C. Watts & Co. Special attention given to the exe- delivery. No. 2 Cortlandt St., New York. cution of orders for the purchase or sale of Cotton JAS. A. ALEXANDER, Agent. Henry Hentz & Co., n Liverpool for future delivery, etc. W. C, WATTS & CO., GENERAL Liverpool coram issioN merchants, 16 BROWN'S BUILDING, LIVERPOOL. & EntAM Pool. Bartlett S. Johnston. 8 Sontb WUliam St., New TorbL. Advances made on ConsiKnments to Pool & Johnston, London & Globe Blessrsi. JAMES FINEiAlf &, CO., LITERPOOL, LONDON AND GLASGOW. COTTON COMMI fflON MERCHANTS, 63 STONE STREET, NEW YORK. Also execute orders for Merchandise through Consignments .solicited Orders executed at Cot- Insurance Company^ inessrs. FIN L. A If, MDIR Sc CO., ton Exchanges in N. Y ., New Orleans and Liverpool. CALCUTTA AND BOMBAT. CONTRACTS FOR FUTURE DELIVERY COT- MisccHaneous. TON bought and sold on commission in New York 45 Willia7n St, and Liverpool: also at New Orleans ihrouKh Messrs. Samuel H. Buclt A Co. Whiting Paper Co., JAMES E. PULSFOED, Resident Blanager Fielding, Gwynn & Co. HOLIOHE, miASS. HENRY W. EATON, Deputy Manager. Bankers' Ijedser and Record Papers. GEO. W. HOYT, Asst. Deputy Manager. Machine Hand-Made Papers. COTTON FACTORS Antiqne Parchment Papers* Plated Papers, North British AKD Bond Papers. AGENTS: & Mercantile Ins. Co. JTAiaES ». COMMISSION MERCHANTS, WHITMORE Si CO., OF 48 BEEKMAN STREET. NEW YORK. EONDON AND EDIIWBIJROH. 140 Pearl atrert, N. ¥. C. CONRAD & CO., United States Board of Management, E. S. Jemison & Co., NEW TOBK : ST. 1^ HIS. SOLON HUMPHREYS, Ch'r'n,(B. D.Morgan Oo RANKERS Branches in Leadville. Bjikna Vista and A Gun- DAVm DOWS, Esq. (David Dows Co!) nison City, (;o1.; Da (J.a8 and,HousTON. Tex. & AND E. P. PABBRI, Esq. (Drexel, Morgan Co.) Sole Proprietors of the & "OriKinnl Bndweiser." Hon. S. B. CHITTENDEN. COTTON COMMISSION MERCHANTS Trademark registered »*i 1817. EZRA WHITE. Esq. BVDWEISER EACERBEER, J. J. ASffOK, Esq. No. 10 Old Slip, New York. m BOTTLES, CHAS. £. JfTHITE, SAM. F. BLAGDEM, made from Imported Saazer Hops and choice Bohemian Barley, universally acknowledged the MANAQBRS, MdODY & JEMISON, GalTeston, Texas. best and healthiest Beer In the world. Warranted Office St., to keep in all climates. Agents wanted In all towns 64 WUllam New ¥»rk. Atk vaar Orncer fnr Conrad's Budweiier. H. W. & H. Farley, Works at JUUltKKA" J. OBIJtNT, " COTTON FACTORS, L. I Obiknt." Gommerda/ COMMISSION MERCHANTS, The Atlantic & Virginia AlTD FINANCIAL. AGENTS Fertilizing Co. 132 Pearl Street, offer their standard brands Union Ins. C^o. P. O Box 3,909. New York. Advances made on ConsIgHments. Special Akhoniatbjd Bone Sdperphospbate of Ijmb, (fiF LONDOlf), personal attention to the purchase and sale FUTURe'^DKUVK^ OK AND TOTTON. "ORIENT COMPLETE MANDRE," ALFRED PELL, And want a good working agent in every thriving Geo. cotton-growing county. (with reference) Copeland & Co., Apply to Resident Manager, COTTON W. G. CRENSHAW, PresH, BK0KER8, Cbknshaw Wabehouss, ISS PEARL STREET, NEW YORK. Richmond, Va. Sr & 39 Wall Street