#^ THE xmitk HUNT'S MEllCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNlTED''8TAfi&
VOL. 42. NEW YORK, JUNE 26, 1886. NO. 1,096.
^iuaticial. ^itiAttJCtal. ^tnauctal. AMERICAN F. C. BOLLIXg. E.II. RMEBSON, LU.WAOSOVnt. Frank. C. Hollins & Co., Bank Note Company, DIAMONDS. BANKERS AND BROKERS, 78 TO 86 TRINITY PLACE, Members Y. Stock NEW YORK. N. Exchange. Alfred H. S^ith & Co., 11 WAIil. HTRKKT, Bunlneiw Founded 1796. HKW YORK. 18(8. AND iMorpwMted uiidrr lAwti of SU1« uf New York, mPORTERS, KeoronUod 1N79. 34« CliARK STREET. CUICAUO, II.I.. Engravers and Printkks of 182 Broadnajr, Cor. John Street BONDS, POSTAGE & REVENUE STAMPS, LEGAL TENDER AND NATIONAL BANK Taintor & Holt, NOTES of the UNITED STATES; and for Foreign Covernmenta. BANKERS, ENGRAVING PRINTING. AND No. 11 'Wall St., Cor. New, Neir York. BAMC XOTES, (illAKG CKKTIFICATES, BONVS COKl'OKATIONS, FOB GOVEKNMKNTS AM> SOLID SILVER. TRANSACT a OENBRAL BANKINO buslnesl. BtLI.!!l KXCIIANGE, BKAFTS, CBKCKS, OF DEPOSITS received and INTEREST allowed fiXAMVES ^c.* 1" tho flnvMl, and most artistic style M FUOU STEEl. PLATES, balances. GORHAM M't'g Co., Boy and sell OOVBRNMENT, M DNICIPAI. aad Ynifc srwiAi. siKi:r:riRDS to rnKVKNT corxTHRrKiTDWL b|M«lal li.lH-ni miuiurarlunH] exdiulveljr for RAILROAD Seourltlos. lute tlio Cumpanj'. Street, of Broadway and Nineteenth Private telegraph wires to Prondeaoeaod Boston. SAFETY COLORS. SAFETY PAPERS. G. B. TAXNTOK. OHO. H. HOLT. Work Executed In Fireproof Ilulldlnss. AND 9 MAIDEN ULNE. O. D. L'HUILIKB. UWOORAPHIC AND nPE PaiNTWa. KAU^WAT TICKETS OF IMPHOVED STTUES. CHAS. J. TOWNSSHD. LANSINO C. WAgEBITWr Show Cards, Labels, Calendars. Member N. Y. Stock Exchange. BLANK BOOKS OF EVERY DESCRIPTTOM JMO. P. TOWN8END, Special Partner. ALBERT G. GOODALL, President Houghton Bros. & Co., Townsend & Washburn, VICK-I'RESIDENTS :
I. MACDONOUGH, A. D. SHEPARD, BANK ERS, BANKERS AND BROKERS, nillilVAlJKEE, WIS. W. M. SMILLIE. TOURO ROBERTSON. No. 6 UTall Street, New Tork« THEO. H. made In any part of the ooantry FREELAND. Sect'y and Treat. COLLECTIONS Sold on CommlBatoa rates. Account! of Banki, Merctaanti and Btocks and Bondii Roushtand at lowest maiytn. others solicited. for cash or on ASA P. POTTKB, Prea'L J. W. Work, Caahler. Refeb to— Special attention given to Unlisted Securltlea. MerchanU' National Bank and Bank of North Amer- Deposits receWea subject to Check at Slffhl. Correspondeaoe Solloltad. Maverick National Bank, ica, New York ; MerchanU' NaUonal, ChlcaKo; Mav- erick National, Boston. BOSTOIV. Members N. Y. and Philadelphia Stock Kzchanges. The Investors' Agency, CAPITAL, $400,000 234 La Salle St., Chlcaco, ill., SUKPLIIS, ••...... 400,000 L. H. Taylor & Co., Aooonnts of Banks and Bankers solicited. (M. L. SCUODEB, Jr.. Proprietor,) Collections made apon favorable terms. BANKERS, ANSWERS INQUIRIES CONCERNING Oovemment Bonds boQKbt and sold. 8. W. Cor. Tblrd and Cbentnut Sta., American Stociti aud Securltiei P1III.ADEI.PHIA. Large Library of Railroad Documents. Floyd-Jones & Robison, Competent Jtxperts. subject to check at sight, and Deposits received Cof-"-ifldential Reports. Interest allowed on daily balances. Moderate Charfaa. BANKERS AND BROKERS, Stocks, Bonds, Ac, bouf?ht and sold on commission in Fhlladelphia and «>ther cities. Ho. 2 Exchanee Court, New York. Particular atteiiti
THE CHRONICLE. [YOL. XLII
ganlijerB kuA §xvcvoex3 of Wcxti^n l^xcltatige. Drexel, Morgan & Co., August Belmont & Co., Heidelbach, WAIX STREET, CORNER OF BROAD, BANKBRS, Ickelheimer & Co., NEUr YORK. No. 12 Pine Street, 39 TTILLIAM STREET, ISBUa TRAVELERS' CUEDITS, available In all Cor. parts of the World. thrtiURh Exchange Place, NEW 'YORK. Drexel Co., Drexel.HarJes & Co & Mefitirs. N. M, RothHchild d: Sodh, London. " de RoChBchild Bron., Paris. FOREIGN BANKERS. Eth Cbestnut 8t8. 31 Boulevard Haussmann, Cor. of & ** m. A. de KotliHcblld &; 8onst Frank- BUY AND \ tort o\iii. DRAW BILLS OF EXCHANOl, PHILADELPHIA PARIS. S. M. deRothHchild* Esq., Vienna. MAKE CABLE TRANSFERS, ISSUE TRAVEL. DOMESTIC A.ND FOREION £ANKERS. ANT) THEIK CORHESPONDENTS. ERS' CREDITS. Bills Exchange and Trans- ISSUE COMMERCIAL CREDITS, AVAILABLB l DepoBitB received subject to Draft. Securities Draw of on, make Cable to, England. IiYance Germany. bought and sold on commission. Interest allowed on fers and IN ALL PARTS OF THE WORLD, ON Deposits. Foreign Kxchaoge. Commercial Credits. Cable Transfers. Circular Letters for Travelers, Messrs. C. J. Hambro & Son. London. all of tbe world. Seligman Co. available In parts J. & W. & Attornkts and Agents op BANKERS. nessrs. J. S. mORGAN & CO., No. 23 BROAD STREET, is^pscinX luxrjestm^iits. No. 22 OLD BROAD STREET, LONDON. Nenr York. Issue Letters of Credit for Travelers Iron Steambont Ist Mort. Bonds. Brown Brothers & Co., On SELIGMAN BROTnERS, London. BELJGMAN FRKltB8 A CIB, Paris. Detroit Macliinac & Marquette Ist PMla. NEW YORK. Boston. SKLIGMAN * STETTHEIMER, Priinkfart. Mort. ALSBBRG, GOLDBERG & CO., Amsterdam. Bondf. AND ALTMAN & STETTHEIMER Berlin, Detroit Maekiuac Marquette ALEXANDER RROWN tc SONS Payable in any part of Europe, Asia, Africa, Aus- & Land BALTIMOKK. tralia and America. Grant Bonds. Draw Bills of Exchange and make Telef^rapbic Bay and Sell Bills of Exchange Transfers of Money on Europe and California. Western Railroad of Alabama Ist ON GREAT BRITAIN AND IRELAND, FKANCB GERMANY, BELGIUM. HOLLAND SVVITZ- and 2ds. KELAND, NORWAY. DENMARK, Paton & Co., SWEDEN AND AUSTRALIA. John Mississippi & Tennessee Railroad "A" Isane Commercial &. TraTelers' Credits SDCCE88ORS TO and "B" Bonds. IN STEBLINO, JESUP, PATON &, CO., Available In any part of the world. In Francs for ase Id Martinique and Guadaloupe, and in dollars for S2 IVilllam Street, New York. TOBEV&. KIRK, use in this and adjacent countries. Trantifers Accounts and AKfency of Bi.nks, Corporations HHake Telegraphic of money firms and individuals received upon favorable terms 4 Broad Street, New York. Between this Country aud Europe. Dividends and interest collected and remitted. lAKE COLLECTIONS OF DRAFTS drawn Act as amenta for corporations in paying coupons abroad on all points in United States and Canada, and dividends; also as transfer agents. and of drafts drawn in tbe United States on Bonds, stocltB and securities bought and sold on Geo. H. Prentiss & Co., foreign countries commission, at the Stock p]xchange or elsewhere. »nd their London house. Messrs. BROWN, SHIPLEY Sterling Excbange and Cable Transfers bought and it CO., receive accounts of A merican banks, firms sold. No. 49 VTAIiIi ST., NE^r VORK, and individuals, upon favorable terms. DRAW ON THE UNION BANK OF LONDON AND Stuart & Co., BRITISH LINEN CO. BANK,' LONDOiT'aND 308 niONTAGVE ST., BROOKIiTN. J & J. SCOTLAND. 33 NASSAr STREET. GAS STOCKS BILLS OF EXCHANGE ON Maitland, Phelps & Co., SniTH, PAYNE & SniTH'S, BANKERS AND BANKERS. LONDON AND GAS SECURITIES, MANCHESTER Sc COITNTY BANK, "LIMITED," COMMISSION MEECHANTS, Street Railroad Stocks and Bondi MANCHESTER, PAYABLE IN LONDON AND AIX B3NDg OF ULSTER BANKING COKIPANl, a .A 24 Exchange Place, BELFAST, IRELAND! SECURITIES New York. , BROOKL,Y]« AND ON THE NATIONAL BANK OF SCOTLAND, bills of exchange, letters of credit, DEALT IN. EDINBURGH AND BRANCHES; telegraphic transfers of monet SUB OA8 QUOTATIONS IN THIS PAPKR. ALSO, ON MEXICO, CUBA, dec, <&c. ABLB TRANSFERS AND LETTERS OF CREDIT. GKO. n. PKENTI8B. W. D. PBBNTISS. W. W. WALSH J. Kknnedt Tod. Alexander Baring. Member N.Y.Stock Eioh. H. O. NORTHCOTB. Member N. Y. Stock Exch'ge Munroe Co., John & Kennedy Tod & Co., LOMBARD INVESTMENT CO's No. 32 Naasan Street, Nenr ¥01 It. J. STREET, Cent Guaranteed Western City No. 4 Poat Office Square, Boston. No. 63 WILLIAM Six per BANKERS. Mortgages. Issue Circular Letters of Credit for Travelers' Use and Farm Abroad against Cash or Satisfactory Act as Agents for Banks, Bankers and Railroad Guaranty of He-payment, Companies. UNDOUBTED SECURITY. Issue commercial credits, also foreign and domestic letters of credit in pounds Exebanse on London, Paris, Berlin travelers' sterling & dollars. Interest Payable Semi-Annnally in New OflTer and Zurich. InveBtment Securities. York
JUNB 26. 1886.] THE CHKOMIGLB. iff
f^RVihivs aud J^voUexs itt S^enr %okU (JTitn. JAMU WUITCLT, n. OKDOtB OAKIMY, M ATNARD O. RTBl. Geo. K. Sistare's Sons, . IlKNitr II. DuDOi, WuhlnKtoD, D. 0. J- C. Walcott & Co., Wh. II. TUATius, BpeoliU Puinw, 16 & 18 Hroad Htreet, New York, BANKBRfl AND BROKRIW. lai South Prince & Whitely, Third Street, I*hllud«lpbla. No. t4 Wtmm «r«« 1 "* ''""' ^ve.. Now York. DBALKK8 IN BRANCHRD 1 »rw 0»ric«8( .nrM Btuck« and Bonds j 53^ m,, ai _ WMhlngton.D. C. boaght and sold on rummUtlmi. Bur and soil on oommlaalon all olauea ot Rallnwd FIRST-CLASS INVESTMENTS. Orders raoelved In Mining IHoeka, and In OnlMat BMmrlttefl;HlH<) i;mlnand ProTlalons. aeeurltles. ColleoUooa nude and loans necottatad. Private Tole»{riiph wires to Philadelphia, WUmlBs- Buy and sell on Commission, for cash or on margin, Dividend* and Interest eolleetsd. ton, Baltimore, WoehlnRton, Brldseport, New HaT«n. lUl securities dealt In at the New York Btook Kz- Boaton and Plttabunt. ohanKO. Deposit* reoelvad sDbjeot to Draft. Interest allowed on dallT balanoes. Interast allowed. InvestmeDt B*onrttl«* • apealaltr. CHAIU.I8 V, COZ All deposits subjeot t« obaok at sKtat. Wm. V. CAKOLIK Partloular We iMue a rtnanelal Report weekly. Member N. Y. Stock BzohaoBe. attenllon to order* by mall or telecrsm Jofl.C. Wamxjtt, {Members of the NeirTork rKAKK r. DlCKIMaOH.f Stixsk Kzoh Carolin & Cox, Simon Borg & Co., Bankers A- Commlaalon Mtook Brokera No. 66 BROADWAY, No. 17 NASSAV ST., NBW YORK A. Dutenhofer, Madison Av., cor. 42d St., New York Branch Office, 315 DBALBU8 IN ALL KINDS Or BROKER Depoalta reoelTed subject to check at sight, an] Interest allowed on dally balances. All Stocks and AMD Railroad and iDTMtmeiit Soenrities. Securities dealt In at the Now York Stock UxobanRe Dealer in Miscellaneoiu Seenrlties, bontiht and sold on Commission, for Cash or upon MarKln, SournsitN SEcuniTiBS a Bpkoialtv. MILLS BUILDING (3d Floor,) Davis Co., JORir Howard Latham. rRiDiBios W. Piubt. Room* % A ge. 33 WALL HTREET. John H. & STATE AND CITT BONDS or OKORGIA, ALSO H. Latham Co., BECURITIKS OF THE CENTRAL RR. & BANK- BANKERS AND BROKERS. J. & ING CO. OF GEORGIA A 8PECIALTV. Do a strtctlir Comnilsrion Business In UNITED BANK BUIlX)INO, lnve«lora wishing to buy or sell are Invited to eall DiXUCKIS, HONDN and UKAIN, or correspond. Prompt and personal attention givea to all orders. With PriVHte Wires to CIllCACiO, BALTIMORH, No. 3 MTAILV STREET, NBIV YORK, PHLLAUBLPHIA and Intermediate Points. W. H. DlOKI.VSO.V, EDWABI> P. ALLOrO CItT. Coonty, state. Railroad, District of Colnmkle Member N. Y. Stock Bxchange. No. 17 WALL ST., NBW YORK. Bonds and Foreign Biehanve. Correspondenee Bollclted. Dickinson & Ailing, Co., W. H. Goadby & Oilman, Son & Co., BANKERS AND BROKERS, BANKERS AND BKOKER8, No. 30 Pine Street, New York. BANKERS, Buy and sell at N. Y. Stock Exchange, for IN- VESTMENT or on MARULV, all classes of Stoota No. 24 BROAD STREET, No. 62 CEDAR STREET. and Bonds, and allow iutorest on deposit*, subject to check at sight. Ne\r York. In addiSion to a Gleneral Banking Business, Buy and Sell Qovemment Bonds and Inrestment Securi- L. Robertson, Rolston & Bass, ties. J. No. 20 BROAD STREET, NEW YORK, wajlston h. betowm. fiucd, a. bbowh. BOND AND STOCK BROKER, Hbbbkbt p. BBOWN. STOCKS, BONDS Dealer in Inregtinent Securities, AND ITf ISCEIiliANEOrS SECURITIES No. 7 NASSAU STREET, Correspondence solicited, Walston H . Brown & Bros Quotjatlons cheerfully furnished. (Continental National Bank Building), Wm. H. Rolston, W. Ajlbi. Bass, Jr. BANKERS, Neir York. Member N. Y. stock Eich'ge. NO. 20 NASSAV STBBBT, Simons & Chew, Wood, Huestis & Co., NEW YORK. STO€K BROKERS, 31 PINE STREET, NEW YORK, 2 Exchange Court & H'i Broadway, N. T. BANKERS AND BROKERS. Chrystie Stocks, Bonds and United States Government SCrCCESSORS TO & Janney, Securities Bought and Sold on Commission. Jas. D. Simons, Beveblt Chkw. ^VOOD & DAYIS. BANKERS, Member N. Y. Stock Exchange. Execute orders in all securities listed at the New Nor. 23 & 25 Nassau St., New York. Member N. Y. Produce Exchange. York Stock Exchange. For Sale FIK8T-C1.ASS llAILUOAn FIRST MOKTOAOE BONDS. Receive deposits aud consignments of Bullion. QBOKUK C. WOOD. C. H.UUESTIS. L. M. SWAN. Deal in Investment Securities and Foreign Sx- Albert Pearce, change and invite correspondence. Particular attention given Information regarding to 16 dc 18 ST., H. B. HOLLINS. F. A. YZNAGA. Investment Securities. BROAD BROKER IN ALL KINDS OF INVESTMENT H. B. Hollins & Co., BONDS, MISCELLANEOUS SECUHITIBS BANKERS AND BROKERS, AND DEFAULTED BONDS. T3 & 74 BROADW^AY, NEW^ YORK. C0BRB3P0NDBNCK 80LICITBD. CORRESPOSDENTS Walsh & Floyd, Messrs. B. W. CLARK & CO., >„„„._„__. . HILL & KENNEDY, t'^^'^-*"''"^^"- cG Co. STOCK BROKERS, DBVKNS * TCCKKRMAN, BOSTON. BANKERS, No. 26 BROAD STREET, NEW YORK. No. ISTV^AI.!. STREET, JAUKS W. WAL8H, JB., NlOOLL FLOTn, JB R. J. Kimball & Co., Newr York. Member N. T. Stock Exchange. Transact a General Banking Basiness, Inclnding BANKERS AND BROKERS. the purchase and sale of STOCKS and BONDS for 17 Years* Membership New Yorfe Stock Exchange. cash or on margin. Members I^hiliidelphia Stuck ExcbanKe. Buy and Sell luTestment SecarlUes. Nos. 16 18 Broad Street, ITorb. & View p. O. BOX a,647. Stewart Brown's Sons, Buy and sell on commission, for investment or on A. M. KiBDIB. WATLAND TRASK. H. J. HOBSK. marji^n, all securities dealt in at the N. Y. Stock JBlxcb. W. C. HILL. BOBEHT J. Kimball. Alfbbd B. 1,ounsbs&y STOCK BROKERS, 64 Broadway & 10 New St., New York Howard Lapsley & Co., BANKERS AND BROKERS, Cahoone & Wescott, 18 Wall Street, York, 74 BROADW^AY and 9 NEW^ STREET, New Execute Orders in all Securities Listed on NeTT York. BANKERS, NEW YOKK STOCK EXCHANGE, S Broadway, cor. Exchange Place, M. Y. Special Attention given to C. J. Turner, Branch Office, '.jll La IHalle St., Chicago, Gorernment & other lurestment Bonds TRANSACT A OKNKUAL BANKING BU!»INE8S, Correspondence Solicited (19 Years' Membership in the N.Y. Stock Exchange), INCLUDING THK I'UKCIIASB AND SALE OV STOCKS AND BONDS FOR CASH Oil UN MAR- BANKER ANB BROKKR, GIN. BUY AND SELL INVESTMENT -ECURI- INTEBEirr DEPOSITS 16 18 BROAD ST.. TIBS. ALLOWED ON & NEW YORK. SUBJECT TO CUKCK AT SIGHT. STOCKS and BONDS Transacts a general Banking buBlness, Incladlngtfae P. O. Box 447. D. A. BOODT. C. W. MCLSLLAH. purchase and sale of stocks and bonds for cash or on RlUBIN LXLAHD. margin. ..^___ At Auction. The Undersigned bold REGULAE ACCTION Hamilton & Bishop, SALES of all olaaaes of BANKERS AND BROKERS, No. 36 PINE STREET. NE1V YORK. BANKERS, STOCKS AND BONDS, (Members New York Stock Exchange.) UNITED BANK BVIIiDING, ON Accounts of BitnitH, Bankers and others recelred. WEDNB8DAT8 AND BATORDATS. Interest allowed on balances. A strictly Commission 'Wall Street, corner BroadMray. Business in the purchase and sale of stocks and bonds. <» OOMMJSIiOXAL PAPBR. 4c Private Telegraph Wire to Albany. Troy. Syraousa, STOCKS, BONDS ADRIAN H. MVEEER SON, Bochester, l.'tlca, Bnir.ilo, Cleveland and Chicago. Stocks and Bondii bought and sold on commission No. 12 PINE STREKr, NEW YORK. Draw on city Bank of London In amounts to salt At New York Stock Exchange. Adranoes made on Special atientionijiveD to Securities for lavestment boslnes* paper and other •eoortUee^ XQI.'ITABI,S BinLDWG.) : , IV THE CHRONICLE. [Vol. XLII. Canadian anft ^axti^n ^anks ana ^an^ctrs. CABIADIAIV. FOREIGN. FOnEIGN. Bank of Montreal. Blake, Boissevain & Co., THE CAPITAI,, - $12,000,000 Gold. L,0]VDON, EaiGL,ANl>. SURM-US, - - $6,000,000 Gold. Railway Share Solicit accounts and agencies of Banks, Railways Trust Co. C. F. 8MITHERS, President. Corporations, arms and individuals, upon (LIMITBD). W. .T. BUCHANAN, General Manager. favorable terms ; also orders for the purchase and sale of Bonds, Shares, Ac,, Ac, on Com- No. 4 RANK Ri;iI.DINGS NEW TOItK OFFICJE; mission on the Stock Exchange. Negotiate Railway, State und City loans. Nob. 59 & 61 ^VAL,L. STREET, LONDON, ENGLAND. New York and Boston Correspondents. WALTER WATSON, ( «„„„.« Alkx'u I,ANG, Agents. J BLAKE BROTHERS & CO. Buy and Sell Sterling Exchange, Francs and Cable Capital Paid rp, £971,380 Sterling. T*ransfers; grant Commercial and Travelers' Credits 18 TTall Street, New York Available in any part of the World; issue drafts on, 28 State Street, Boston, Mass. and make Collections In, Chicago and throughout the This Compai.T undertakes the business of Trustee Doniinion of Ca&ada. to Loans of approved Railways, negotiates and liondon Office, No. 28 Abchnrch I^ane. Heinemann & Co., issues Loans on the London Market, acts as Agent for Merchants' Bank Railways and other Corporations, either in the rcat- G2 Gresham House, E. C, OF CANADA. ter of payments of Interest on Loans. Dividends on or Registration of Stocks in London, or otherwise. Capital, • $5; 725,000 Paid Up. EONDOBT. Eeserve, • - - $1,.S 75,000 Solicit accounts and agencies of Banks, Railways Cable Address—PAVT, London. ' resident. Esq. ANDREW AtXAN, Corporations. Vice-President. ROBERT ANDERSON, Esq. Firms and Individuals upon BEAD OFFICE, mONTKEAL. favorable terms: also orders for the pur- chase and sale of Bonds. GEORGE HAGUE, General Manager. Shares, Ac, Ac. on J. H. PLOMMBR, Assistant General Manager. the Stock Exchange. ,^yectaX ^ttucstmeuts. BANKERS; Interest allowed on Deposits, subject to eo-days LONDON, BN"G.—The Clydesdale Banii (Limited.) sight drafts, KBW YORK—The Dank of New York, N. B. A. at Bank of England rate, and The New York Agency buys and sells Sterling Ex- one-percent below that rate subject to Investment Securities .^ange, Oibie Transfers, issues credits available in demand drafts. Jill parts cf the world ; makes collections in Canada BOUGHT AND SOLD, and elsewnere and issues drcafts payat)]e at any of Nesotiate Railway. State and City Loans. the offices of the bank in Canada. Every descrip- W?ANTE»j tion of foreign banking business undertaken. Scioto Valley Bonds, all issues. Southern New York Agency, No. 61 '%Vall Street. De Twentsche Central Ists. Toledo Ann Arbor & North Michigan Ists. HENRY HAGUE, ).agents.,. Indianapolis & Vin'-ennes Ists. JOHN B. HARRIS, Ja., ( Memphis Jfc Little Kock lats. "~ " Bankvereeniging, AGENCY OF THE ALRERT E. HACHFIELD, B. W. BLIJDENSTEIN 6I9 Bank & CO., No. Pine Street. AMSTERDAM, • • . or HOI.I,AND. Reed & Flagg, British North America, Established 1861. Duncan Building. C!or. Nassau & Pine Ste, No. 52 TTALI. STREET. Capital fully paid np.7,203.9i25 Guilders (18.881.570—) Reserve Fund 913,0i»2.52X " ($365,837-) Buy and sell Sterling Exchange and Cable Trans- KNTBANCK No. 11 PINH STSKET, fers. Issue demand drafts on Scotland and Ireland, also on Canada, British Columbia, San Francisco and HEAD OFFICE, AMSTERDAM. Chicago. ROXER8 AND DEALERS CIRCULAR NOTES Iss ed In Pounds Sterling SRAVOBSS: available in all oarts of the world. COMMEK- IN ClAl. CKEDIT.-* ISSIJEO for use in Europe, London—B. W. BLUDENSTEtN & CO., China, Japan and the East and West Indies, Also, jr> No. 55 JPNE 20, 1886.] THE (IHRONICLE. ItttcvjCBt, ptvidettds^ Sec, ^iniutcinl. Financial. NVBTHBUN PA<;iPIC KAJLROAD To the Bond and (•(IMI'ANY. KEOKGAIVIZATION Htorkholderi of tke TKEASUHKU'M OIKK^K. NO. 17 BiioAn St., 1 OF THK TexaH k Pacific and the Nka' YoilK, .Ivmsll, I'*!!, t New OrlMM C«>u[M>ii!i of tho Keneml llr?tl niortvatlo Kiild bonds nf thlai'ciinpiiny.dKK .Iiily 1, IBKd. will !.(> putd ii|hwi I'Hcino Kallwnrii. " '' Philadelphia !+ ' • i-nii'e tin iitKl r"^-- •*! >• iiatp. & Reading The unilfr.mni..] mslpr oi til. 'tTod duly a|i|N,itit...) t'. r.'i hiiR> »1. IS-", .llllj RAILROAD moustr a.l.'|it.«i lit.' :: . COXPANT. 'ii..iiu'ss .luiii' I r In- for«MH..Mijr.- .1 .:: o ti'rt'vt ilui' on Miiil rfj:t!«t<'r Irii.i . . inpiinv and shareholders to deposit tbsir asneral ..I till. I Ity of New V. i.\Ti{Ki-:sT o> 'rill': 1*01.1.0 w- morXtiw In uxchaiue aegoUahle TUMi bonds with Messrs. csrtioeatm U. liiK hotid^ Is piiyal.lu at tho I'jinktn^ house of Drexel * Co„ and their other s«. deiHiait aodrecMOttoba nw*rda4 •<•.. lIKNin' s. IVKS A CO., curnor .Nas.suu alia t'odar ourltles with Messrs. Brown Brothers h Co., under Now York City. 1.11 and after July 1, li**: the terms of the plan of reomnlsatlon, of which itl Hamlltuu A ludlanapulls lUt. Co. 1st copies can be had upon applloatlon at their rsspsot- . 111. iiuialVuichmond&ChlcaKO RK. Co. 1st Mort- Ive banking houses and at the Ouarantee Trust A Safe Deposit Company. niii'iiMiali'm.hraond & ChlcaKo IIB. Co.BdMort- SttiUf i~ Under the plan the holder of each 11,000 six par .t Michigan RK. Co. Cun.«ulldated Murt- General Mortgiage Bond, with overdue coupons, de- positing the same, will 1 itango ltU.Co. let MortgnKO. IIotlKbton Kx- receive from Drexel * Co. a : ^loll. OH. certiBcate entitling him to four per cent Interest for control 1 throe year8,or unt II reorganisation If sooner eOboted, class of - ONTINKNTAI. NATIONAE. B.4NK.— and upon reorganisation returne.l L to a tour per cent new iien- , , New York. Juno 25, 1S8B, turn eral mortgage bond for 11,000 and (480 of preferred and cunceliJitiou ul li.e ueg..Uttt^.. Issued tlisrefar, as provided In >sid FIFTY-KlI.Tll DIVIUE.ND. stock—the holder agn.. of each seveii per cent bond to 'Tbeconiailttee Is reluctantly oMiiri'.t The dlreotors of this bank bavo this day declared short receive $20 additional preferred stock. a time for the execution of t ). mdlTldend of THREE (8) PER CENT out of the IiKomt Is advised that a largo portion <,'. Mortgnut and ComertibU Adi>utm»Hi Scrijr soon closed of the hotilert. to operations nnles> (aminitu past six mouth.s. payable July Oth provided Pab—IO per cent for repairs, and funds ca:. VJ proximo, tu whicb date from July 1st the transfer cash as!«esflment. with safety until the /('c*if -Jioo success of the plan \ii leoraanl*—"»— Preferred Stock for assessment and satton be assured. ftooks will be closed. f 1,000 (with such addition as equals matnred New York, May 15, 1S86. ALFRED U. TI.MPSON, Cashier. coupons at reorganization) of lucomo Stock. FiVfi ConsoU, T. J. WISTA It, Chairman. Lsf SerUs— IS Prty— 10 per cent I.KW >l.\ V, TirADISOiy SQVAHE BANK. - 23 assessment. E. SATTKULRK, Pr'-ferred Stock for assessment, '^^'i'l"^^"" S.. K, ^K^V( WE.SIT TWE.NTY TmuO STREET. NEW TOIIK, ?1 ,000 (with such addition OtlKK, as equals the matured JOHN .> AKKOK, Canmlitee. June Its. 1886, -The directors have this day declared coupons at reorganization) of Consolidated Stock. W. II. \\ l\.K()|{. ^ .livldend of TUItKK (S) PER CEXT out of the J. I.OWKKK WKI.SII, Hvet Consols. 3i| Oertet— i-oiiigs of the N. UlJ-ri'IIINMON, past six months, payable July 1' Pay— 16 per cent assessment. \t. Transfer books will close June 85. Brc«ii'e-|150 Preferred Stock for assessment, fwith addUl'>"al To the Stockholders of the TexM LEWIS THOMPSON, Cashier. -n-ft ,.^ . . ^ Common * consolidated Stock, and Consolidated Stock !2e2 J in Pacific Railway Company 1750 Common Stock, i same proportions equal to / 'UICAGOHOVK ISLAND &:I>ACIFlc At a meeting V^ RAILWAY COMPAJSY. Imatured coupons. of the Stockholders of THE TEXAS Convertau 78 and DibeTUurtt of Bailroadond Coal & PACIFIC RAILWAY COMPANY, held MaT IMb, Office of the TBEAStniEn, 'ginvLUcinX. ^ittJttiJciaX. I^ittjttijcial. FIRST MOKTGAGE 5 PER CENT East Tennessee Virginia 6% EQUITABLE 7% 50-TEAR BONDS & Georgia RR. Mortgage Co. WESTERN FARM MORTGAGES. Chicago & Indiana Coal NOTICE. PRINCIPAL ANB INTEREST GUARANTEED, Agreeably to Section Third of the agreement of Capital Liability, 1600,000; Cash paid up, $300,000. reorganization of the BAST TENNESSEE VIR- To cive some Idea of the size of loans, margin re- Railway Company. quired and where located, we append a few of those GINIA & GEORGIA RAILROAD COMPANY, offered: A FIBST-CLABS INVESTMENT SKCURITY, notice is hereby given to the holders of the Central No. Amottnt. Security. County. State. B..3,4673,487 $300 00 $1,400 00 Browu, Kansas. Trust certificates issued in lieu of East ISSUED upon roaA In full operation, whose Company B..3,4793,479 500 00 l.BOO 00 Jefferson, Nebraska. assured net earnings are largely in excess of Tennessee Virginia & Georgia Consol. Bonds, Cin- B..3,5313,531 1,000 00 4,800 00 Tama, Iowa. cinnati & Georgia Divisional Bonds and East Ten- B..3.5463,548 4,000 00 14.000 00 Lawrence, Missouri. Interest charges. B..3,4838,4«3 80,000 00 72,000 00 Nuckolls, Nebraska. nessee Virginia & Georgia Debentures, and the Nearly the entire issue of the honds has been There are statistics showing that during the last overdue coupons thereon, that there will be a meet- permanent investment by the stock twenty-five vears in an investment oC over i^20O,OO0,- taken for ing at the office of the Central Trust Company ON 000 not a dollar of principal or intere-t has been lost. offer the This record is without a parallel in the field of in- holders of the company. We small re. THE 30TH DAY OF JUNE, 1886, at 13 o'clock noon, vestments. We believe that a thorough investiga- tnalning balance for sale, and recommend them to designate the first Board of Directors of the new tion of the method and care which we observe in without reserve. company, said; Board to consist of fifteen (15) in taking these securities will show that our business has reached a system as perfect and well defined as Bonds and Stock wUl soon be listed. number. that of fire or life insurance. The polls will be open from 12 o'clock noon to 3 REASONS WHY OUR LOANS HAVE PROVED &. CO., o'clock P. M. SO 8ATISFACT0RV. JOHN H. DATIS invariably inspect the security before mak- books of said certificates will be closed 1st. We The transfer ing a loan. 17 Wall St., IVew Yorfc. on June 21, 1886. 2d. We rarely loan over one-third, and never ex- its present cash value. By order of the Committee. ceed 40 per cent of 3d. We loan only on first mortgages. F. P. OLCOTT, Chairman. 4th. We accept none but perfect titles. The Investment Co. of 5th. We loan only to good borrowers. New York. June 2, 1886. 6th. We keep all insurance policies in force. 7th. We see that all taxes are kept paid. Philadelphia, COMOTITXEB FOR THE RE- 8th. Our loans are made upon well-improved and THE productive farms in tlie most prosperous por- 310 CHESTNUT STREET. ORGANIZATION OF THE tion of the United States, where values are constantly increasing. Capital, S-2,000,000. 9th. Our loans net investors 6 per ce^^'t interest, Acts aa Financial Agent in the negotiating and Buffalo New York & payable semi-annually without charge or ex- marltetinpof Securities. Dealsin Bonds—Corpoation, pense to thera. Railroad, State, Municipal, &c. E.xecutes orders on 10th. AU money forwarded to us for investment commission in Bonds, Stocks, &c. Collects interest Philadelphia RR. Co. begins to draw interest upon the date of Its and dividends. Heceives money on deposit, allow- receipt at any of our ofSces. ing interest. As desirable investments offer, will nth. Interest coupons are c j sbed at maturity by the Notice is hereby Eiven to the holders of securities issue its Debenture Bonds, secured by its capital and First National BdUk of New York or upon pre- assets. of the Buffalo New York & Philadelphia Railroad sentation at any one of our offices. the prompt payment of all in- Officers; Company that the time in which they may become 12th. We guarantee BROCKIE, President. terest at maturity. WILLIAM reorganization agreement dated Wn.\.KTO.V BAKKER, Vice-President. parties to the 13th. We guarantee the payment of principal withtn HENRY M. HOYT. ,IR.. Treasurer. FEBRUARY 15, 1886, is extended to JULY 15, two years fri^tm maturity. BTHEljBEKT WATTS, Secretary. NOT INVEST UNTIL VOU HAVE INVESTI- 1886, after which date and until further notice the DO Board of Directors—William Brockie. Georpe S. GATED OUR FA KM MORTGAGES. Pepper, Morton McMichael, Wiiarton Barker, Henry same will only be received at the Bank of New York, SEND FOR OUR PAMPHLET GIVING FULL Brown, William Potter. C. Gibson, T. Wistar N. B. A., here, and Tat the Fidelity Insurance Trust INFORMATION. Advisory Committee of Stockliolders.—George M. & Safe Deposit Company in Philadelphia, upon Troutman. Gustavus Enclish, Isaac H. Clothier, York, 308 B' way, Boston. 2,3 Court St. D.. Thomas Dolan, ,John its face value upon the New William Pepiier, M. G. the payment of 1 per cent of Chas. N. Fowler, V. P. H. H. Fitch, Man'ger. Joseph E. Gillingham, John Wanamaker, ReadiDg, and 2 per cent of their face value upon the Henry E. Smith, Charles B. Wright, Uenry Lewis, stock, Phila., 112 S. 4th St., Kansas City, Mo., Cralge Lipplncott, Hamilton Disston, Clayton French. bonds. • C. B. Willtinson, Man'ger. John C. Avery, Pen. Man. Francis Rawle. By order of the committee, A. MARCUS, Secretary. H. L. Grant, Bond Call. New York, June 15, 1886. No. 146 BROADlVAir, THE CITY OF QUIIVCY, ILL.., Kansas City & Northern St. Louis NBW TOBK. Will on JULY 1, 18S6. pay at the RICKER NA- Railway Company, CITY RAILROAD STOCKS & BONDS TIONAL BANK OF QUINCY, the principal of OMAHA DIVISION. BOUGHT AJJD SOIiD. $159,000 The undersigned, the Committee named in a cer- Ballroads in this paper. the bondholders of the See Quotations of City of its SIX PER CENT REGISTERED BONDS, tain agreement between Division of the St. Louis Kansas City & due July 1, 18S6, Coupons payable at the State Omaha A. G. Bkadstrbet. Sidney W. Cuktis. 1886, Treasurer's agency in New York City. Interest to Northern Bnilway Company, dated June 9, request said bondholders, in accordance with 3 after that date. hereby Bradstreet & Curtis, provisions of said agreement, to deposit their THEO. HBRR, Comptroller. the BANKERS, bonds in the United States Trust Company of New J. PARKHURST, Mayor. Y'ork. Temporary receipts for the bonds are now 36 PINE STREET, NETT ITORK. will exchangeable in few Office of the Pnrctaasing Committee of ready for delivery and be a STATE. CITY, COUNTY, TOWN AND RAIL- weeks for permanent engraved certificates. The ROAD BONDS BOUGHT AND SOLD. the Wahash St. Lonis & Pacific original agreement may be signed at the office of CORRKSPOXDENCE INVITED. Railway Company, said Trust Company or at the office of Stewart & Committee, No. 195 BROADWAY, NEW YORK. Boardman, Attorneys for the 46 Fifth Avenue Wall Street, at either of which places copies of the To the holders of the following issues of bonds, agreement can be had. Viz.: Toledo & Illinois, Lake Erie. Wabash & St JOHN H. BEACH, Chairman," HOTEL, Louis, Great Western of 3859, Quincy & Toledo JAMES E. PULSFOBD, Madison Square, NETtV YORK, Illinois & So. Iowa and Decatur & E. St. Louis first JAMES n. SMITH, The Largest Best Appointed and Most Liberally mortgages Toledo & Wabash, Wabash St- Western Committee. CHARLES 8. SMITH, Managed Hotel in the City, with the Most Central and Great Western of 1859 second mortgages; and Delightful Location. .,„.„„ Chicago Division first mortgage; Toledo Wabush & JAMBS F. DWIGHT, HITCHCOCK, DARLING & CO. Western consolidated sinking fund ; Wabash Rail- GEORGE WARREN SMITH, J way mortgage 7 per cent of 1879; Hannibal & Naples JOHN G. MooKK. W. K. Kitchen. _ G. B. Sohlit. first mortgage ; Wabash Railway funded debt bonds and scrip— The undersigned, a committee under the bond- BONDS. Moore & Schley, holders' agreement of July 15, 1885, have purchased Scott County, Iowa, Ss. BROKERS, the lines of the company, subject to all prior liens. BANKERS AND A reorganization under this agreement will relieve Logan County, Ohio, 6s. 26 BROAD STREET, NEIV ITORK. property from the a fixed charge for interest upon Hodgeman County, Kansas, 68. Connected with twenty-seven million dollars of junior bonded debt, Branch offices I. A. EVANS &CX)., Boston. and from a large amount for rental of unprofitable City of Clereland, Ohio, iHss. 72 Wall St., N. Y. B.L. BREWSTER & Co.. Chicago. lines, and will also provide, by contributions from 114 So. 3a St., Phila. of Cincinn.ati, OUo, 48. HtlBBABD* FAB.MEtt,HartfO. such junior bonds and from sale of the new stock, City 1419 F St., Waah'n. Private Wire Connections. for the payment of the existing Receivers' indebted- Wabash County.; Ind., 6e. Miscellaneous 80- ness. Buy and sell StocliB. Bonds and Exchanges, also Grain ana The holders of bonds secured by the senior mort- Montgomery County, Ind., 68. ourtties on New York Provisions on Chicago Board of Trade, ffagea are now asked to assent to a reasonable ad- City of IJnm, Ohio, 58. justment of their interest claims, necessary to make their own security undoubted and just to the hold- City of Bloomington, 111., 88. ers of junior securities and sto.CB who have made the Sloomington Township, 111., 7a Spencer Trask & Co., laxge concessions and cash contributions mentioned. The propi-tsal leaves the holders of senior bonds in Lake County, 111., School District, 6s. possession of all their present security, and will ena- ble the reorganized company shortly to resume in- Send for Descriptive Llst« BankerSy terest payments on all such bonds and promptly to meet ail fixed charges in the future. For sale by Books for the signatures of the bondholders are Nos. 16 AND 18 Begad Stbeet, now open at the offlce of the committee, No. 195 N. "W. HARRIS & CO., Bankers, Broadway, where also pamphlets can be obtained ffeneral Banking Businefi giving full details of the proposed adjustment and CHICAGO, ILL. Iransact a the reasons which make it necessary. JAMES K. JOY, 1 BY AN ESTABLISHED T. n. UUBBAllD, I Purchasing WANTED— Banking House, a gentleman of experience Bbanoh Offices: EDGAR T. W83LLES, f Committee. O. D. ASHLEY, and favorable acquaintance, especially among in- J by Private Wiret. New York. June 1. 1886. vestors in New England, to travel, take charge of Connected and negotiate Bond Sales. Bonds of a high grade only are dealt in. Communications will be treated Philadelphia, 132 South Third Street, R. T. Wilson & Co., as confidential. N. Y., 65 State Street. Address, .stating age, past eacperienoe and refer- Albany, BANKERS AND COMMISSION MERCHANTS ences, BANKING HOUSE, Providence, R. I., 13 Westminster St, care of Financial Chronicle, t Excbanso TSi-wr Union Hotel- Conrt, T»'k. Post OfliceBoiWM, N. V. Saratoen, N. Y,. Grand pnanrtai; xmmt HUNT'S MERCHANTS' MAGAZINE, aSPRESENTESra THE liSTDUSTRLVL AND COilMERCIAL INTERESTS OP THE UNITED 8TATML VOL. 42. SATURDAY, JUNE 26, 1886. NO. 1,096. the clearings, there remains CONTENTS. values from New York $405,086 , 000 aacribable to other business, against $814,488,000 in 1885, or THE CHRONICLE. an increase of 28'8 per cent. Olearing-IIouse Retnrua 765 Afonths Ending wltli May In Tlie Financial Sltnatlon 766 18-6 and 18S5 771 CoiUfo of Railnmd Dividends. 768 Monetary and Commercial W4tk XndOif Juru It. Wuk MnMnt Jam 19. Cotton Trade of Great Britain. 770 English News 772 1886. 1886. PtrO*nt. 1886. PtrOmt Home Rn!e for Cuba 771 Commercial and Mlacellaneoua Imports Exports for and May News 774 New York (eSe,9M,630 $440,009,748 .^43-5 $093,4M,680 +400 and for the Five and Twelve 3aitt of— THE BANKERS' GAZETTE. f+68-8) (Stocki, . . . tharetj) (i,eei,M4. (1,001339) 0364,I»W (-no»n Money Market, Foreign Ex- QuotatlonsofStocksandBcnds 778 | (-88'»> (-80-4) change, U.S. Securities, State Local Securities 779 (Cotton.... baltt.) (288,800) (886,000) (904.900) (Grain. . .biuhtlt) (39,671,000) (26,447,000) l-HW-O) (46.630,000) (-KTS) and Railroad Bonds and I Railroad Earnings 780 (PetnUwn..lM:') (48,871,000) (43,679,000) (+11-9) (89,171,000) (H-Uf) Stocks 776 1 Investment and Railroad In- Range in Prices at the N. Y. I telligence 781 Boston t'i8,220,S83 $69,174,914 +32-2 $78,438,086 -uro Stock Exohansie 777 1 +7-7 THE COMMERCIAL TIMES. ProTldenM— .. 4,851,100 4,040,000 4387,000 Hartford 1,460,881 1,444.784 +1-7 1376,404 -89-0 Oommercial Epitome 781 1 Breadstuffs 789 New Haven l,0n,6E6 1,018,380 -)5-a 1311,184 -l-I»8 Gotten 781 1 Dry Go»ds 790 Portland 859,944 767,119 -I- WO 921.038 Worcester (50,»13 710,175 -(-19-8 833,790 -H8-S SprlDKfleld 855.303 726,176 +17-8 863,148 -1-90-0 *^M dxr0ttxjcle. Lowell 657,549 511,d»7 +9^) 680,336 -(-91-0 +29-0 The Commercial and Financial Chronicle is piibliaTud in Total N. Bntrland 188.230,067 $68,393,196 $833 New York every Saturday morning. Philadelphia.... $67,189,931 $45,992,876 140361,980 -i-93-a +»« [ entered at the Post oaice. New York, N.Y. , as second class mail matter.] PitUbarg. 7,463.650 7,276,220 7,138380 -w* +3-7 Baltimore 11,118,6119 10,827,7l(> 11,764,078 -i-u-a Terms of Subscription—Payable in Adrance: Total Middle.... $75,772,276 $63,666,815 +19-0 $68,860,449 -1-19-1 For One Year (Including postage) 510 20 ForSix Months do 6 10 Chloatro 152.8794188 $44,794,944 -i-18-0 $83388348 +«n European Subscription (including postage) 11 28 Cincinnati 10,210,800 8.923,850 -t-14-4 9,478,600 H9-1 it2 Annual subscription in London (Inoludlns postage) 78, Milwaukee 3.832,780 2,958366 +29-0 8,414,408 -l-10« do «1 88. SIxMos. do do 2,932,! 8,486,466 +ir4 8.083,191 issued once in Detroit -I-90-0 These prices include the Ixtestors' SnTPLEMENT, two -)-88-8 months, and furnished without extra charge to subscribers of the Indlanapolla..., 1.475,406 1,062,952 1,191.171 -8D 2,530,635 1,981,175 -1-27-? 3,472,710 -1-18-8 CHRON I C L< Ej Cleveland 1-6 Subscriptions will be continued until definitely ordered stopped. The Columbns 1305,917 1,618,845 -1-1 1,7U,887 -h30-9 publishers cannot be responsible for remittances unless made by Drafts Peoria 601,243 697,481 -18-8 809308 +14-1 or Post Office Money Orders. Omaha S.742,656 3,338,822 -f60-0 8301,794 -h7T9 neat ille cover is furnished at 50 cents ; postage on the same Is 18 A Denver* 3,543,690 8,839,048 cents. Volimies bound for subscribers at $1 00. Offices In England. Total Western.. 180,011,663 $66,874,801 +19-6 »79,4S4,7B1 -f9B-0 The office of the Commercial and Financial Chkoniclb In London $14,192,328 $1S,S01,9U -I-8-8 $14379,640 -tra Messrs. 1 Drapers' Gardens, E. C, where sub- Bt. Louis is with Edwards & Smith, -0-4 -1-9 Bcriptlons and advertisements will be taken at the regular rates, and St. Joseph 1,029,878 I.(4366 908,116 single copies of the paper supplied at Is. each. NewOrleani 5,624,696 4,947,604 fl3-7 8,947301 <-99« The otlioe of the Chronicle in Liverpool is at B15, Exchange Buildings. Loalsville 4,217,903 3,694,407 4-14-3 4.738,601 -H9-8 +38-0 «rTTTi.» = TMwi )\riI.IjIAM B. DANA & Co., Publlnhers Kansas Citr 6,339,041 4.623,174 0468389 -|-90« WtLLlAM B. DANA. ( 79 g 1 William Street, NEW YORK. Memphis 1,045.146 734,731 -t-43-8 1394306 -f*0 JOHN O. FLOYD. & Post Office Box 958. Qalveston* 1,058,620 749,483 CLEARING HOUSE RETURNS. Total Southern.. $32,318,991 $28,730,206 -(-WO $83377,064 I-1S« San Francisco.. $12,965,277 $10,876,151 +19^ $11,919331 -1-14-8 The exchanges for the week ending June 19 were, in almost Total aU $916.296.704 $678,596,914 +38-0 $670311.218 _+5W particular, quite favorable. In comparison with the every Ontslde New York $289.334,174 $288,586.168 +21-3 $277.716338 total of more than previous week there is a gain in the * Not Included In totals. $46,000,000, and at Boston, where the figures embrace only five Our telegraphic returns of exchanges for the five days of days, an increase over the previous six days is exhibited. An the present week are of a very satisfactory character. In the especially satisfactory feature of the returns is their large aggregate for all the cities there is a gain over the previous volume, notwithstanding we are now entering the season five days of $13,117,807, and contrasted with the correspond- when, as a rule, business is characterized by less activity than ing i)eriod of last year, the excess in the whole country reaches at other portions of the year. In fact, the'current total is the 36'3 per cent, while outside of New York the increase is aO"? largest since the close of March with but one exception, and per cent. that the week ended May 8, \^hen an unusual increase was Hk, SJD^SlM'f J 766 THE CHRONICLE. [Vol, XIIT. preparations for its issue of rentes, and jjerhaps soon the FINANCIAL SITUATION. THE Panama canal loan of 600 million francs will be offered. It Money has been perhaps a shade easier this week. At matters little what is the object, or that exchange will not rates, had it least the tendency was towards lower and really justify gold shipments; if the demand exists and is not been for the continued exports of gold and the doubt sufficiently urgent, away our stock of the metal goes and as to the extent of this movement during coming weeks, virtually in obedience to our own command. The Bureau in there would have been an appreciable decline the of Statistics issued on Thursday its trade report for May; ranged quotations. As it is, bankers' balances have we notice according to it that the net gold shipments this between 1 and 3 per cent, with the average a frac- year up to June have reached 1, $26,358,000 ; as we have tion less than 2 per cent. Renewals were generally shipped in June, including this week, about 5^ millions at 2^ per cent, and time loans for the remainder of the more, the total net gold exports to this date must be about year are quoted at 3@3| per cent, i^'or commercial paper 3^ million dollars. A summary of the trade statement change, but it is expected that there there has been no above referred to is as follows . will be a much larger supply ofEering in July and August, FOKBIGX THADE MOVEMENT OF THE tlNTTED STATES— (000s Omitted,) for goods are now being rapidly distributed, and notes Mehchandise. Gold. Silver. given in payment will soon come upon the market. A Excess Excess Year. Im- Ex- Ex- Im- Excess of the is quite an urgent demand for United BzporU. Import*. of Ex- of of Ex- feature week ports. ports. ports. ports. ports. Imports. ports. States 4 and 4| per cent bonds, the inquiry being stimu- 1S84. $ $ * t t « $ t i lated by the high prices at which the best securities are Jan 73,990 54,311 19,679 S25 154 371 2,314 1,163 1,151 Feb 61.247 54,711 6.536 422 3,411 +2.989 2,3»« 876 1,473 freely selling, prices which in some cases do not yield the March.. .50,210 61,8113 •3.053 903 12,221 + 11.321 2,094 1,201 890 investor over 2^ per cent, and this is not much in excess April... 49,893 54,183 •4.270 3,011 21,018 +18,037 2,052 1,003 1,046 May .... 48,812 56,156 •7,314 1,627 2.712] tl.OSo 1,981 1,067 914 of what United States bonds yield at current rates. Total . •i9e,18J,aS».804 9,578 0,488 39.M9, +33,061 10.790 5,316 5,474 special cable to us yesterday we learn that the whole By ISS-J. of the £546,000 gain in bullion reported by the Bank of Jan 80.533 42,221 38,312 2,075 1.446 629 2,229 1,093 1,136 Feb 33,940 42,028 11,012 1,8SS 1,636 252 2,607 1,004 1,503 England this week, and £2,000 more, carae from the March.. 31.398 52.976 •1,578 1,7S8 833 923 3,119 1,838 1,283 32.9-0 interior of Great Britain, the result on the outward April ... 48,799 4.171] 783 1,158 +375 3,138 1.939 1,199 May.... 49,012 45,e-i5 3,.327 665 1,394 +82!' 2,10'l 637 1,523 movement having been a net export of £2,000. Total.. aSr,853 231.709 36,144 7,067 6,467 6)0 13,153 6.509 6,644 Money is now ruling so very low at London that issa. Jan 5T,9S8 l.TOfl +876 1.SS4 the continental exchanges are all against London, 47,414 10.574 3,582 2,907 1,083 Feb 31,903 56,687 •4,7f2 986 5,654 +4.668 1,»H2 1,147 845 and foreign gold movements tend to Paris or Berlin. March.. 53,69:1 6O,0:W •«,345 840 9,921 +9,081 2,345 1,760 586 April... 31,017 37,.3 gold and the Bank o£ Germany is addmg to its gold Total.. aTl,5l8 274.29fi •2,778l 4.il;Ji;l 30.364 +2«.353'l 1.131V 6.278 4,85S • reserve constantly. These two latter banks now hold Excess of imports, t Excess of exports. about 75 million pounds sterling gold, against about 60 The net trade balance in May, according to these million pounds a year ago and do not seem to be satisfied figures, is $1,123,000, and including silver about 2 million even yet. At London discounts of 60 day to three dollars. This is the first favorable balance we have had months bills are quoted at 1 per cent and short loans at this year since January, but is less favorable than we had J of 1 per cent. This is, perhaps, a fair indication of the anticipated, since for some reason exports of miscellaneous condition of business in Great Britain at the moment. articles show a remarkable falling off compared with a year In fact not much more could be expected until the ago. This is seen by reference to the leading articles as elections are decided ; the only question is, what may we given by us last week and which indicated an increase in anticipate when that excitement is over, and some facts exports over the figures covering the same articles in 1885 we give in a subsequent with regard total increase in column to the of nearly 9 million dollars ; whereas the cotton goods trade, do not look as favorable and do not exports in May 1886, appears by the figures above to be promise as well as we were led to expect on the general less than 5 million dollars. reports before making this investigation. Bar silver has taken still another tumble this week, reach- Foreign exchange has ruled firm during the week, the ing 44 916d per ounce, though reacting since to 44fd. Per- demand for long sterling being so urgent that the leading haps we are expecting too much of our Congressmen, but drawers advanced their rate for it on Tuesday. Com- we cannot help asking that before they go home they notice mercial bills appear to be absorbed about as fast as this little fact and celebrate it by at least trying once more they are offered, for the rates keep strong within about to stop the coinage of dollars. We make this suggestion one cent per pound sterling of the asking price for the more boldly since the elections are approaching, and a bankers; and this is likely to be the case so long as dis- record on the wrong side now, would be a wholesome cir- counts remain so low in London, for that condition makes cumstance even if nothing more was accomplished ; for it long bills relatively cheaper than short for remittance. A seems to us scarcely possible that the people in the farming movement of gold to Berlin which commenced last week sections of the West and South are so devoid of sense, or has again been the feature, $1,431,327 having been to speak plainly, so gullible, as their representatives taken for shipment to that point this week, including assume they are. We are sure at all events that the large the amount to go by to-day's steamers. This move- majority of the merchants are not, and that they are likely ment only illustrates what we have so often said, to vote against any renominated Congressman that situated as we are with regard to our currency, who is tainted with this silver heresy. To be sure, Mr. undervaluing gold by striving all the time to force an Manning's administration of the Treasury department inferior currency into circulation, —we must expect while holds in abeyance for the time being the chief among the gold remains near the exporting point to respond to the evils which coinage threatened. But there are others, as demand of every European centre at which gold may at we all know. Why not then try to put an end to the the moment be wanted. Just now German bankers in whole at once, and especially now when the arguments Berlin are preparing for the exchange of a part of the against coinage have a peculiar force, the constant decline Russian debt which we referred to as in prospect three in bullion having demonstrated, as we have so often said weeks ago; not long since Paris had to make similar it would, the utter inefficacy of the coinage law as a . Jdnb 30, 1880. THE CHRONICLE. 767 measure for sustaining price. In truth, our pile of doUsrt on the let of April, which thui llluttrate* very ciMrly the is only a menace to the market, not very unlike in effect of the policy of reetrlction under which the com- influence our pile of wheat. Treasurer Jordan cannot ptnies are working. Here are Mr. Jonea" figaree ftrrangvd the public take make them to any extent, though never in our ninal form, showing stoekv, contamption and pto- man tried harder than he to keep afloat an unpopular dnctioD. currency. Of Ute they have been again accumulating in his vaults, and faster even than the coinage is progress- Mt. jMLiMjron. ing. On the flrstof June 178^ millions were so held, and on ilitlkKMtt* OboL um. l«B. MM. %m. the 19th of June nearly 182 millions were reported in the Dnu. 7)nu. 7»M. Treasury. Must this senseless and harmful policy be Stock beglanlng or parlod. Produotlon man w,-wirr, 1 ini II.Wi.nftT continued, even aft-^r it has been shown that the public Total irappljr a.MO.SM cannot induced, Stock be nor yet forced, to use the dollars, and of period •U.45I •I4.4M ftlMtt j Coosumptlon and that their coinage is actually injuring the interest it „,. ajuajm »,smmM lajni.mi lOMo^ao was devised to protect. A few resolute men in every Prom this we see that the conauroptlon in M»y this year Congressional district could defeat the larger portion of was slightly above that of May last year, and that the stocks these demagogues, and we trust our merchants will drop at tidewater on the Ist of Jure were only 83,810 every other issue and see that it is done. tons larger than at the same date in 1885. Tne most note- The industrial situation has continued to improve through worthy feature, however, is that in 1885 stocks were on the week, the only drawback being the strike of the the increase as the result of the policy of unlimited pro- switchmen on the Lake Shore road at Chicago. Much duction, while this year they have been decreasing as the has been made of this on the Stock Exchange, and it may result of the opposite policy. It will be noted that the prove quite a disturbing circumstance unless severe output m May this year was 2,253,639 tons, while the measures are used at once to stop all violence and to consumption or amount disappeared from sight was 2,343,- enforce order. The public is perhaps inclined to exag- 357 tons. For the five months to the end of May the gerate the movement, it having lost confidence in the production is 1,719,767 tons ahead of that for the 8»me nerve of the Lake Shore management, because of its months of 1885, but yet is below the consumption for unwise course with regard to the strike two months ago. these five months, which foots up 12,071,151 tons, against It does not clear the situation for the President to say the 11,931,057 tons of production. now that he had no part in the settlement. It was a Railroad earnings continue satisfactory so far as received, matter of public notoriety at the time that a settlement and especially is this true of the trunk lines, as has been had been made, and to hide behind a subterfuge or piece of so often pointed out by us. We have been making deception for two months, knowing it to exist, is not at least special endeavors to get the monthly figures of New York the kind of management which succeeds on such occasions, Central, and our efiforts have so far borne fruit that late and which the Missouri Pacific and our own Third Avenue yesterday afternoon we were favored with the following Railroad illustrated so satisfactorily a short time since. As figures for April and May, to which wo ha*e added the to the facts in the Lake Shore case, if they are rightly returns for the previous three months, the operations of understood, any compromise on the part of the company the West Shore being included in the 1886 earnings, but would be most shameful. It is stated that the grievance not in those for 1885. of the switchmen is the non-removal of eight good men, who have been in the company's employ since 1877. If Onus Eamingt these are the facts, course is tho only possible an unyield- yew York Central. 18^ 1883. Inereau. ing resistance to the It demand. would be much better to January. . ««,«9e,oas ««,0»l.4«8 1808.473 February., 2,887,839 let the road stop all business than even discuss such a case, 8S4.291 March S,7SU.S«6 s.«3T,ass 528,014 for all our industries suffer if any weakness is displayed in April 3,363.544 1^10.384 817.8M May tM2fii2 1.8I4.3K) T88J827 handling a question of that kind. Total., $18,248,886 t8.SSS.Mt •2.088.481 The anthracite coal trade at the moment is in a quiet condition, there having been some falling o& in the de- Thus the gain in the latest month. May, was the mand as the result of the resumption of work in the heaviest of all, amounting to no less than $723,237. If bituminous districis where the operators had been on a we allow for $300,000 as the amount contributed by the strike so long. The statistical position however would West Shore this year, even then we have left an increase appear to be very good, judging from the figures issued of $400,000 on the New York Central proper alone. la this week by Mr. John H. Jones, the accountant of the the face of such a showing, it is not surprising that the companies, for the month of May, and moreover the com- stock of the road shoold have exhibited increased strength panies are still pursuing the conservative policy of keeping of late weeks. the production well within the limits of the demand, the Our stock market has reflected in the main the effects output for the month of July having been fixed at of the influences above—that is, it was very strong early 2^500,000 tons, or 300,000 tons less tnan the production of in the week, with a marked tendency towards higher the same month in 1885. Possibly there would have been quotations, and somewhat weak and lower the latter part no such restriction except that the companies have been when the strike on the Lake Shore was renewed, and gold somewhat exceeding their allotments for the earlier went out on a more liberal scale. There have been few months, Mr. Jones' figures showing that against an agreed special features. The passenger rate war in the Northwest output for May of two million tons, the actual amount has not abated any, and reports latterly have been that some mined was 2,253,639 tons. Still, even with this excesg of the lines had made cuts in freight rates. St. Paul was the production was 186,126 tons smaller than a year ago rather unfavorably affeeted by these reports on Thursday, Moreover, the production appears to have been much but on the whole the grangers have been remarkably firm, below the demand for consumption, as stocks at tidewater though they are lower than they were a week ago. shipping points decreased nearly 100,000 tons during the Among the coal stocks, Delaware Lackawanna tt Western month and on ttie 1st of Jane stood at only 614,451 tons, has been conspicuous for its rise, the company having yes- against as much as 942,470 tons but two months before, terday declared the regulai If per cent dividend, and . , 768 THE CHRONICLE [Vol. XLn. rumors being that a pool in the stock was operating for f ected by us, shows the week's receipts and shipments of higher prices. The Street continues to be more inclined to gold and currency by the New York banks. credit favorable statements than unfavorable ones, and Week endfnj Jnm 25. 1886. BecetveA by 8hippe Net earnings 1,172,702 1,855.295 1,639.494 1,608,674 1,766,789; 1,688,610 THS COURSE OF RAILROAD DIVIDENDS. Western lines... -247,485 -274,183 -143.657 —9,058 —75,586 +144,458 When business revives and railroad conditions improve, Result 1,225,217 1,081,112 l,405,837i 1,699,616 1,691,203, 1,833,088 one of the efEects sooner or later is seen in better returns Jan. 1 to May SI. Gross earnings 18,914,063 17,583,955 19,427,075 20,195,708 18.557,091 17,746,402 to stockholders on their investments—in other words, in Operat'g expenses. 12,59S,6';2 11,973,540,12,397,859 12,856,024 11,901.302 10,237,791 larger dividends. The present improvement has not been Net eaminss... 6,318.491 5,610,415 7,029,216 7,339,384 6,056,7 7,508.611 in progress so very long, nor has it yet Western lines —434,793 -652,273! -452,948 -f391,934 68,315 +1553,769 acquired any Result 6,883,693 4,968,142] 6,576,268 7,731,648, 6,587.474 9.062,380 decided momentum, so it is generally supposed that the ruits of the new conditions have not yet made them- Thus in the five months the company added to its gross elves manifest in the shape of increased profits to earnings of last year on the Eastern lines the sum of railroad proprietors. But a careful examination of the $1,330,108, making them larger than in the correspond- dividend record for the half year now drawing to its ing period of any other year except 1883 and 1884. In close, reveals some very noteworthy evidences of better net results, however, the comparison with the years pre- results, though it is the smaller and unimportant, rather ceding the last, is not so favorable, though the increase than the larger companies, that are particularly distin- on last year is noteworthy enough, reaching $708,076, in guished in that respect, which, however, is none the less addition to which there is an improvement of $217,475 (and probably all the more) a clear indication of the ten- on the Western lines, making the total gain over 1885 dency of things. nearly a million dollars. In the period of depression between 1881 and 1885 the The following statement, made up from returns col- roads in no section of the country sufEered more than JUNB 36, 1886.] THE OHBONICLE. 769 those of the Middle Western section, or more particularly be declared for the half year ending Juo« 30 li invotvad those lying in the States of Ohio, Indiana, Illinois, and in doubt. It !a known, though, thAt eamlDg* hav* b««i Michigan. territory been The had already very liberally decidedly better than in 1885. In speaking of the larger supplied with railroads, but more were built, making com- yitems or companie*, it is well to arrange them in groupt, petition extremely active, and completely demoralizing aa we have done on previous oocaaions, and traftt Mob rates, which demoralization the troubles among the eastern group by itaelf, sinoe some of the groups have been affected trunk lines, with their connections extending all through by special conditions. The importance of watching the that territory, only served further to increase. At the dividend record very closely will be evident from the same there partial time was a or total failure of one or following list of prominent roads which under the street more of the crops for several successive years, while the of the unfavorable period of 1881-5 found it necesauy to decline in prices of agricultural products, the falling off reduce their dividends or suspend them. in exports, the depression in general business, and the PAMSD. Canada nouthem. L«ke Shore prostration of local coal and iron industries, A Hloblna Soatbeni. all were Central nf New Jener. I/onUrnie A VaKhTlIle. Central PaclOo. MIohlRsn influences decidedly unfavorably to the railroads. As Central. Ohio, ti Rastern lit (Dovreramed > Marquette Hooffhtoa A Ontona«nii. CIn. Iiid. Loulii a result, the poorer class of roads went into receivers' 8t. A Chic, (now r»- ouin. A pref. (now reanmed on of.) namwll. Raah. (Tbat. A St. VenAx. Clev. hands, while the better class either were obliged to reduce Col. Cln. It Indianapolis. Erie preferred. Cotuml>!a A Qreenvllle preferred. Norfolk A Weetem, prefemd. their dividends or pass them altogether. Col. Uook. Valley tt Tofedo. Oregon [mprovemeot. Camden A Atlanclo, oom. & pref. Oregon Trana-Oootlnental. It is gratifying to note therefore that in looking at the Denver A Rio Qraiide. Panama. Detroit I.nn8lnx >t Northern com. Richmond A DanvUle. dividends it is from that section we have the first signs or Evansville ,& Terre Uaate (now Union Paotflo. reenmed). symptomsjof a change for the better. There is, for instance, KIDUOBO. the Cincinnati Indianapolis St. Louis & Chicago, which Baltimore A Ohio. Flint A Pere Karqnette. Caniullan Paoltlo. Honaatonlo, preferred. has resumed the payment of one per cent quarterly, having Central of Oeorgia. Kaoaaa City Fort Soon A OaU. Chicago A Northwestern. (.«hlffh Coal A Havlgatlon. paid the third dividend at that rate the present month, Chicago Milwaukee A 8t. Panl. LeblRb Valley. Chicago St. Paul Minn. A OmahBi New York Central. after a lapse between April, 1883, and December, 1885. preferred. Oregon Railway A NavlgatlOQ. Delaware A Hndson. Penimylvanla. It is true that in this case the suspension of dividends had Delaware Lack. A Western. St. Pual Mlun. A Manitoba. been largely a matter of prudence and conservatism, but This is a formidable list, and it is gratifying to note their resumption now is nevertheless an indication of an therefore that the tendency is now in the other direction, improved state of affairs. Then there is the Chicago & as outlined in the remarks above. The trunk lines of Eastern Illinois, which in March paid 2^ per cent, the course are the roads specially distinguished for poor first since 1882. The road was involved in litigation exhibits in the last few years, the Nickel Plate and West for many years, which naturally increased the Shore troubles having aggravated affairs with them, but difficulties inherent in the situation, so that the present is it is almost equally evident that these roads have now only the second dividend paid by the company since its passed the lowest stage in the downward movement. We ' organization, but apparently the determination was not to have already alluded to the increased distribution by the begin payments till there was a fair prospect of bemg able New York Central and the Pennsylvania, and the follow- to continue them without further break. The Evansville ing will show the course of dividends on the leading & Terre Haute is another corporation which has again trunk lines during the last 9^ years. In the present Joined the ranks of dividend payers. This is the company year the figures are brought down to June 30, (all whose managers recently acquired control of the Peoria dividends to be paid within the half year, having of Decatur & Evansville, and who also control the Evansville course already been announced) and it should be under- & Indianapolis road. One per cent is to be paid in July, stood that the record is made up on the basis of dividends and that will make the sixth successive quarterly payment actually ^aid within the period—not those declared. of that amount. In 1884 a stock dividend of 20 per cent was paid, but neither in that year nor in 1883 or 1882 was CofmvnnTi. 1877. 1878. 1879. 1880. 1881. 1888. 1883. 1884. 1880. issa. N. Y. Central 8 8 8 8 8 8 S 7)4 »< a anything in cash distributed. N Y L E. A W . orof « e a In Michigan, too, there are evidences of improvement. PennaylTania 4 a 4W 7 8 8W 7 B aw Baltimore ft Ohio ... 8 8«. •8 a 10 ID 10 10 10 4 Roads in that State had suffered greatly as the result of Lake Shore & Mich.S. 8 8 8 +10 8 e 7 S 8 5 8 the depression industries^ in both the lumber and mining a 8 two principal sources of traffic. But now the accounts * 4 per cent of this In stock, t Increase due to change of dividend are becoming more favorable once more. The Marquette period. Houghton & Ontonagon preferred stock got 3 per cent in Thus these all paid large dividends in 1880 and 1881, February last, after nothing in 1885. The Detroit Lan- and very small dividends, or none at all, in 1885. The sing & Xorthern has not paid anything on its common Baltimore & Ohio was the last to reduce (the reduction to stock since 1884, but the 7 per cent dividends on the pre- 8 per cent per annum having occurred in the present year), ferred have been met in full. The Chicago & West and with this reduction was removed the only exception of Michigan made a two per cent distribution in February, a large company that had not scaled it dividends down. 1886, against only 1^ per cent in February, 1885. The Even more unfavorable has been the course of the Flint & Pere Marquette, which as against S-J semi-annu- trans-continental or Pacific roads. There the opening of ally on its preferred stock, had paid only 3 per cent at the new routes, the increase of competition and diminution of last two semi-annual periods, now announces for July an rates, with great depression in certain mining districts, increase to 2|- per cent. have placed all the older companies in the list of non- Among the larger companies however instances of higher dividend payers. Among the newer companies the dividends are as yet rare. The New York Central is pay- Atchison Topeka & Santa Fe has paid 6 per cent ing one per cent quarterly, against only one-half per cent regularly, but its profits come from the lines in Kansas at one time last year, and the Pennsylvania, which in rather than from through business. The Oregon Naviga* November, 1885, gave its shareholders only 2 per cent, in tion had to reduce from 10 per cent to 6 per cent, but its May, 1886, increased the allowance to 2i- per cent. But profits also come chiefly from local traffic, and the good neither the Michigan Central nor the Lake Shore has as crops in Oregon and Washington Territory enabled the yet resumed payments, and whether or not anything will road to pay an extra dividend of one-half of one per oent . . 7T0 THE CHRONICLE. [Vol. XLH, the present year. Following is the showing for 9^ years, cent. TUe Central of New Jersey and the Philadelphia the same as in the case of the trunk lines. Reading, though afiected by the same conditions, need not Qmns be mentioned in connection with the others, as their finan- ' 1 ' iKftn 1883. 1884. 18S5 1886. Company. 1877. 1879. 1880. 1881. cial position has been so pic ; liar. The trouble with all 6 6 6 3 At clf. Top. & San. Fe t8 these roads has chiefly been the low price at which coal Central Paciao 8 6 6 6 a 3 Denver «: Rio Gfiinde 4>4 had to be sold and the reduced toll received for transporting No. Paciflc. pref .. .. •HI the staple. Greg. Railway & S&v.' .... 8 10 6H HM 8« Oreg. Trans Cont'J...!. .. 6 emt>« 1 UnlonPadflo I 8 5« 6« 7 3H Company. 1877. 1878. 1879. 1880. 1881. 1812. 18S3.'l88l 1885. 18S6. * 1 fa scrip, t And 10 scrip. ; A.n .. .. 6 6 j the Old Colony has become a 7 per csnt stock, and Iiouisville A NaBhv. m 3 4 •8 6 3 '.'.'.'..'.r::: how Nash. Chat. & St. L. 3 2 3 2 i. . 2 how the Boston & Albany and the Boston & Providence Norfolk & We8t.,pref 4 +3>is. 6 7 have paid 8 per cent for years, and the New Haven 6 6 e 6 cent. high dividends (higher than the WilmlnK'n &Weldon 7 3 3 3 8 6 6 8 8 4 road 10 per Such * And 100 per cent in stock, t Out of 1883 earnings. average of Northwestern roads now) speak well for the Western and Northwestern roads have done very much character and management of Eastern systems, and they better. Taking the Chicago & Alton, th^ Illinois Central, show us, too, what might be expected of the rest of the the Jlissouri Pacific, and the St. Louis & San Francisco, country under similar conditions after the newer sections (the latter on the 1st preferred stock,) we fln.i the divi- are more fully developad and opened up. dends as large as at any time within the last ten years, though the Illinois Central has not been able to repeat the TBE COTTON TRADE OF GREAT BRITAIN. two per cent extra dividend of 1884. Here is the table. We notice that a correspondent of the New York Com- Qmos mercial Bulletin signing himself "Observer" criticises Mr. Company. \ 1877. 1878. 1879.! 1880. ISSl. 1882. 1883.|l884. 1885. 1886. Ellison's figures of the cotton consumption of Great Britain Cbicago& Alton 7H 7 6 8 8 8 +10 8 4 Do pref.... 7Ki 7 7 7 8 8 8 +10 8 4 which we gave last week in our Cotton Report, as received Illinois Central 4 6 8 6 7 •8 10 8 4 to take exception to, 6 7 7 3« by cable. What he especially seems 8t.L.A5an Fr.,lstprf. 7 7 7 7 is the fact that in May 1885, we reported Mr. Ellison as ' And 17 Jn stock. f Increase duo to cliange of dividend periods. estimating the weekly consumption at 124,500 bales, and Northwestern roads are beginning to show very plainly that now for comparison we give the May 1885 figures the effect of the increase of mileage in that section of the at 132,000 bales. We hope and think no one in the trade is country. The Chicago k Northwestern, the Milwaukee & deceived by "Observer'a" statement. At least, most per- St. Paul, the St. Paul & Omaha, and the St. Paul Minne- sons who consult those figures know that in 1885 the apolis & Manitoba have all had to reduce their dividends, Whitsuntide holidays came in May, and that this year which however are still large, and the Burlington & they came in June; that the average consumption in May, Quincy and the Rock Island (among larger systems) are 1885, was 132,000 bales weekly while the spindles wer* the only ones that keep up the old rate of distribution. running, but that the allowance for the Whitsuntide holi- There has been no increase of dividends, either, on these days, when the spindles were idle, brought the weekly roads in 1886. average down to 124,500 bales. This year the month's Qinoi to the comparison Company. 1877. 1878. 1879. 1880. 188). 1882. 1883. 1884. 1836. ixm. work was a full one, and therefore make figures for May, 1885, as if Chicago & North w'n & 6 6 6 7 7 7 0',-i 3 accurate we had to give the Do pref 7 7 7 7 8 8 7« 3« 73i there had been no holiday. The misleading use to which Ohio. Mllw.&Si.P.. an 7 7 7 7 7 4 2H Do pref.... lOJi 7 7 7 7 7 7 7 3« "Observer" has put the figures induces the very misap- Chlo. Bnrl. 4 Quincy g 8 8 +9H 8 8 8 8 8 4 Chic. Rooklsl.&Pao. 8 8 10 t8« 7 7 7 7 7 3« prehension which we sought to avoid. Ohtc. St.P.M,tO.,prf. 7 7 7 7 3 As our attention has thus been called to the situation of St. P. M.M Manitoba S S9 8 7« 6 3 cotton spinning industry of Great Britain, we canno t And 20 per cent in stock. ; And 100 per cent lu stock. 5 Clian>;o of the dividend periods swelled tUe total this year, Amount for year diuiiu- t respecting the changed relations the lalied l>y change of dividend periods from quarterly to semi annual. help adding a word The anthracite coal roads of course belong in a class by current prices of cotton bear this year to the quotations them selves. All these have had to lower their dividends in for 32 cop twist and 8^ lb. sheetings. This change recent years, though it does not appear that they were needs some explanation, for unless it is capable of an brought back to as low a stage as in 1877-8. The Lacka- explanation we cannot see how consumption of cotton peculiarity wanna has reduced to 7 per cent from 8, the Delaware & can be kept up to the present figure. The factjj j^adsoQ from 7 to 5, and the Lehigh Yt^lley from 8 to 4 per we refer to, can best be illustrated by the following Junk 86, 1886.] THE CHRONKJLE 771 as to the cotton trade at Liverpool aod Manohealer, Colonies, thoald resent (ach » propoMi, aod ihonld d«oiftr« gathered from the monthly reports for six months, Dec. 1 that neither the prosent government in Spain nor nnj to June 1 in the two seasons 1884-85 and 1885-86, political party that might be in power would dare to upland, cotton being represented by middling yams by tolerate colonial autonomy, or to tftke any etepa in tiM 323 cop twist, and cloth by 8^ lb. shirtings—for quota- direction of independence or separation. It was olaiia«d tions of price of yarn and cloth the mean of prices is quoted. by the Minister that the loan was a necessity both for Cuba and for the metropolis. The repablieaos were ao( itldVpl. 82-rop SMrtlngi Cotton. Twitl. per Piece. able to contradict the Minister; and the most that Caat«- Thus, at tUe iiul of Deoember, 188i... 894d. 8U!)d. On .4 quent a tongue set forth their grievances ; but even with the adverse position of the spinners, which to the extent Castelar's help, there seems to be but small chance of of ^d. per pound between cotton and yarn, comparing the reversing such a vote as that of Monday last. Of course prices of the two seasons, continued down to the end of there is a great difference between Home Rule, so far as May. With such facts as these, does not a resort to financial questions are concerned, and political autonomy; "short time" by spinners seem imperative ? but for the very reason that Cuba is valuable to Spain, The average of difference of quotations between mid- mainly because of her financial resources, it will be difS- ling upland cotton and No. 32 cop twist during the whole cult to find any government willing to give Cuba con- season (12 months) of 1884-S5 was 2 1116d. per lb., and trol over her own finances. during the four months of short time, strikes &c., July Whether Home Rule just now would or would not be to October 1885 inclusive, was 2|d. During the six a gain to Cuba is a question not easy to answer. Exper- months of this season in the above table of comparison ience is wanting on the part even of her acknowl- the average of difference was only "i^d., if quotations edged leaders. Unity of purpose also is wanting. Tney were given correctly. How is it possible that English have never hitherto sufficiently trusted each other. Lart cotton spinning can go on at a disadvantage so much worse to themselves absolutely there would most certainly be than that of last season, which forced short time by trouble for a time—such trouble as might make many of reduction of wages as a necessity of that bad season ? the people wish for the restoration of Spanish authority. Yet with the example of Canada before us, and the ex- IIOM.E RULE FOR CUBA. amples of the different Central Asian colonies, some sort of It would almost appear as if there were something qualified Home Rule ought not to be an impossibility in contagious in the cry which has been raised for Home Cuba. At all events the Cuban people command sympathy. Rule in Ireland. Within a few weeks it has been heard They have been long and seriously misgoverned. It is not in the northeastern provinces of the Dominion of Canada, too much to say that the island has been bled for well nigh and it" has become a prominent question in the Spanish four hundred years in the interests of the so-called mother Cortes whether or not Cuba shall be allowed to govern country. Power and privilege have always been in the herself. When a man like Mr. Gladstone so boldly advo hands of the Spaniard. The native population is largely cates the principle of self-government, as he has done in mixed. The Creoles of pure Spanish blood, but born on his Edinburgh and Glasgow speeches, it is really not the island, are a feeble race. They can be distinguished wonderful that discontented nationalities should feel at a glance from the " peninsulares," or natives of Spain. " encouraged to demand with what energy and show of It is the Cuban Spaniard, however, the peainsularis," power they can command, autonomy and independence. who reaps the harvest of the island. Sturdy men from - It is a cry, however, which will not everywhere receive the north of Spain, for the most part, you find them every the same attention it has received in the British Isles. where as traders and mechanics. They fill the govern- One can scarcely imagine Alsace and Lorraine calling for ment oflBces and have virtual control of the island. They Home Rule, or Poland demanding autonomy and inde- look with contempt on the Creoles, who regard them, on pendence. the other hand, with fear and hatred, their watchword It is somewhat of a surprise to find that this question being " Cuba for the Cubans." Some day they will be is likely to come up again in the Spanish Cortes, after the prepared for that condition, and will get it. snub which the Cuban deputies received on Monday last. In the course of the debate on the proposed Cuban loan, IMPORTS AND EXPORTS FOR MAT AND FOR a loan which will increase the burdens of the colonists. THE FIVE AND TWELVE MONTHS ESD Deputy Habra from Cuba advocated a more liberal policy INO WITH MAY IN 1886 AND 1886. for the Island, and was bold enough to say that home rule The Bureau of Statistics has issued its detailed statemen* the safest and most expeditious way out of the unsatis- the month of was of the foreign commerce of the country for factory condition in which the colonists found themselves. May, and the five and twelve months ended with May iU It was natural that Senor Gamazo, the Minister for the as follows : . 1 . ... . 772 THE CHRONICLE. [Vol. XUI. MERCHANDISE. For the For the 5 Par the'iZ month of Months ended Months ended May. May 31. May 31. BATES OF EXCHANGE AT LONDON AND ON LONDON 1886.—Eiporta—Domestic. f52.61 1,764 $265,736,528 $653,130,873 AT LATEST DATES, Foreign 1,3(2,93!; 5,781,180 13,783,817 $671,!il4,690 BtOBASOE AT LOHDON-Junt-iO. XXOHAKQS ON LONDON. Total , J53,914.70u *271, 517,714 030,455,494 Imports 52,792,0i3 274.296.318 Latest Excess of exports over imports $1,122,657 $. $11,459,196 On^ Time. Bate. Date. Time. Bate. Excess of imports over exports :,778,604 1885.-:Exports—Domestic $17,760,612 ,$281,199,161 $731,739,336 Amsterdam. 3mos. 12314 «12-3'2 June 10 Short. 1207 ForeigD l,251,26n 6,6 53.661 15,297,976 Amsterdam. Sliort. 12 2 Ol2-2'9 I Hamburg.. 3 mos. 20-52 ©20-55 June 10 Short. 20-43 Total $19,011,878 $287,852,822; $747,037,312 Berlin (i 20 52 20-43 S80.367.996 »2055 June 10 Imports 45,681,950 231,709,497 Frankfort... 4( 20-52 »20-55 June 10 20-43 ft Excess of( exports over imports $3,326,928 $56,143,32d|$166,669,316 Vienna 12-7714 IH2-80 June 10 1265 if Excess of( imports over exi>ort6 Trieste 12-77is»12-80 June 10 t" •• 25-28i« GOLD AND SILVER—COIN AND BULLION. Antwerp . , . 25-40 925-15 June 10 St. Petersb'g *• 2314 June 9 3 mos. 23% 1886.- Exports—Gold—Dom. . $3,902,881 $J4,194,350 $29,470,128 Paris Sliort. 25-2713 »25-35 Juue 10 Short. 25"27ifl Foreign 1,492,158 6,169,680 5,843,912 Paris 3 mos. 25-37 la a25-42'a Total $7,395,039 $30,364,039 $35,314,010 Genoa (« 25-4614925-5114 ff Silver— Dom $1,342,749 $7,479,829 $16,974,8s3 Madrid 46 ®45'8 June I 60 days 46-50 Foreign. 725,597 3,6S6,416 14,289,552 Cadiz ff 46 8i45''8 Lisbon .f 52%»52i5e Total $2,068,346 $11,136,215 $31,261,435 Alexandria Total exports $9,463,385 $11,500,284 $66,578,475 Constant'ple Imports—Gold $122,512 $4,003,855 $20,584,413 Bombay Dem'd Is. 5 lad. June 10 rel. t'rs Is. 51332di Silver 1,220,651 6,278.486 17,511,881 Calcutta It Is. Sifil. June 10 f( Is. 5l£'32i. New York...... June 11 80 days 4-86% Total $1,343,193 $10,281,311 $38,126,294 Hong Kong. .... June 10 4 mos. 3s. 3d. Excess of exports over imports $8,120,192 $31,215,943 $28,452,181 aiiangliai.... Jnae 10 48. 6%d, Excess of Imports over exports IFrom oar own oorraepoudent.J 1885.-:Exports—Gold—Dom. . $170,930 $771,361 Foreign 1,223,045 5,695,845 London, Saturday, June 13, 1886, Total $1,393,975 $8,467,206 The week has been rather an important one. Home political Silver—Dom. . $1,587,932 $3,376,014 Foreign 571,917 4,276,338 events have been of sufficient signicance to cause the commer- Total $2,139,849 $13,152,352 $31,023,616 cial community to pause and await the development of results Total exports $3,553,824 $19,619,558 $39,792,621 before indulging in any fresh transactions of importance. At Imports—Gold $564,735 $7,066,733 $28,536,532 Silver 637,244 6,509,323 16,69s, 166 the same time a healthier tone is gradually asserting itself, Total $1,201,979 $13,576,076 $15,231,698 even if its presence is not made manifest by the recently pub- Excess of exports over imports $2,351,815 $6,043,482 lished Board of Trade returns. It must, however, be admit- Excess of imports over exports $5,442,077 TOTAL MERCHANDISE AND COIN AND HDLLION. ted that somewhat conflicting accounts are current respacting 1886.—Exports—Domestic .. $39,857,394 $297,110,716, $704,575,881 the actual condition of trade. On the one hand we have Foreign 3,520,691 15,607,282 33,917,231 reports from some of the principal centres noticing a better Total $63,37S,0S5 $. June 36. 1886.1 THE CHRONICLE. 77S to, on the whole, favorable. It is of course much too early to gpoak of harveat prospects, but looked at from the proaont 1 III k; x.i.uoii ',i„iii irniii r.g> |il; standpoint, those who are given to the indulgenoe of early »llh Indlnii »•» IK** wwlr's• 'iilnt*-•iiint*- gpoculative estimates of harvest results on the future of trade tM.s » havo at least more to back their opinions than their pessimist brethren. "i'» iriiiii .>iw iiiru; ».,.ih,i, iri.r :tt«: toinl, AdO.OOO. TbeP. ai(; The money market has been in an extremely easy state. Ti Tkloir dun. Somewhat to general Burprise, the Bank of England directors nouriivHla > I. and Awai!. lowered the rate from 3 to 3J^ per cent. It was thought they lilleH li}' tile I ii iiuoled nuniiiuii ui -44 -^lU. inr would have kept up the minimum for the purpose of attracting The quotations for bullion are raported as fotlowa: fresh supplies of gold, but in the absence of any commercial intiuiry for money, the directors evidently deemed it unneces- GOLD. 8ILTIB. iMulon Aoiklard. / un« 10. Junsa. /UM to /WW S. sary to maintain a quotation altogether out of accordance with s. 4. : 4. 4. the open market price. Tlie weekly return is a strong one. Bar (Old. Sn*. . .ot. T7 9 n 9 BartllTar 0(, 4a There is a gain in reserve of £788,108, and the proportion to Bar gold, oontala'g Bar •llTar.eoBUia- liabilities stands at 39'S per cent, against 36*67 per cent last 10 dwU. sIlTar.oi. 77 10 n 10 lng9Kn.gold..Of. 4aM Span, doabloona.oa. Cakt (llm o*. «aM week. The increase in bullion exceeds half a million, but the 9.A m.doubl OOOS.OI. M*>ieaa«oU...O(. 44N JSt. stock is £7,239,000 less than last year, and in the reserve there The May Board of Trade returns are not so satitfactorjr • is a falling oil of £0,810,000. The joint stock banks have could be desired. There is again a falling off in our exports, reduced their rates of allowance on deposits at notice to 1 per the deficiency for the month being £8'U,095, increasing the cent, and the discount establishments are giving 1 per cent for loss for the five months to £1,850,113. Of the month's loM at call and l>i per cent If with notice. money £500,000 is on account of metals and machinery, the latter following shows the position of the Bank of England The su£fering specially from diminished shipments to Spain and and on 6, when the rate was raised from 2 to 8 per now May Australasia, In the imports there is a decrease for the month cent: and for the five months of £18,927,815. Annexed Increase + of £3,165,060 May 6. Jime 10. or decrease* — are the totals: 7-day '£ A « Circulation, excludlDR ^Erporti British it-^ ^Be-emortsFortiips-y and other 1)1118 25,048,900 24,624,025 424,875— . Total Imports.— Irish PradaeU, *e. * OotaniAU lldtede. deposits 7,013,5K5 5,837,604 1,175,981— — Pnl)lii' May. 5 mos. May. 5 mot. May. 6 mot. Otlior deiHisits 22,770,334 23.170,467 400,133 + M £ * M M * securities 14,5«3,493 14.583,435 63— Govermutnt 18M.... 33.201.114 169,958,819 19.857388 99.97 l.eW SjeS-Ma «7.«0J07 otlur securities 21,28S,835 20,830,793 459.042— IMS.... 81,l-«,»« 180.HH8.917 17,143,117 88.A90,7Sa 4,014.0118 MJMJW- Kc»trve of notes and coin. ... 11,739,030 11,399,225 339,825— 188«.... 2»,0J3,303 141,761.602 16,301,083 84,835.680 4.098,144 U.M0,U1 21,037,950 20,273,200 764,750— Coin i»ud bullion whilst the general results of the returns are dUappoint- Prou'u of reserve to liabilities. 39 02 p. o. 39-05p. c. 0-3p. 0.+ But Bauliato 3 p. o. 21a P.O. a p. 0.— ing, the statistics relating to America continue satisfactory The rates for money have been as follows : An examination of the accompanying tables will show that States are still expanding, Open market rates. Interest aUotoed our export operations to the United forieposUsby on the whole, and if we are taking less foodstuffs, we have BankBUls. materially increased our London Joint at least during the past month Three Hour Six ITirM Four Six Stock At 7 to 14 of cotton. j absorption CalL Stontia Montlu Months MontM Monthi Months Banks. Days The following shows the imports from America during - 2«® - a5«a3 3 93M 3 <83« 1« 3 -3 May 7 3 2ii» 8Wa May, so far as enumerated in the Board of Trade returns : " -'2«®2«3«s3 ;a««3j< 2 -a 14 3 ZH» 3M® Hi Quantity.- -Talue.- " 81 8 IH& iKia- lUA^ua es a ®3 [2 ®a 1« 1«-H< May— 1886. 1885. 1886. - .a " 88 H l«a iMa iMO 2 as \2 @3 OS Hi Oxen and bulls Ko. 12,505 13,894 £296.140 £284,387 June 4 3 iHd -a ea^a a2>«a asa IM IM-IX Cows No. 25 183 1,196 585 No. 1 1 June 111 2>^ 2H3 1^3 iii9 -3 ®a>^2 aa^ls asa 1 Calves Sheep and lambs No. 1,703 4,526 373,613 404,384 The following return shows the position of the Bank of Wheat -Atlan. portB.cwM. 878,799 i.oos^ai'B Paclflo porta owta. 1,493,597 1,605,319 612,785 624,569 England, the Bank rate of discoimt, the price of consols, the Flour cwts. 1,535,040 1,212.927 910.538 673,420 163,960 217,882 297,415 346,382 wheat, and the Bankers Bacon. owts. price of middling upland cotton and Beef-Salted owts. 30,270 17.542 63.651 28.285 175,759 Clearing House return, compared with the three previous Fresh owts. 76,231 76.119 197.894 Hams owta. 61,377 94,394 154,804 217,593 years Meat, unenumerat'd.owt8. 135 25 201 28 PreseiTcd owta. 27,650 27,348 80.513 63,180 Pork-Salt«d cwtB. 13,743 17,225 21,451 23,071 1885. 1884. 1883. Fresh cwts ...... cwt«. 342 405 J.37 8 i',S33 and £ £ £ £ Butter Circnlation, excluding 7-day ChSte... owts. 50.132 41,914 122,727 87,085 24.621,025 25.043,t'90 25,287.566 25,802.825 5.406 other bills Flih cwtg. 2,517 1,743 6,326 Public deposits 5,837.804 7,697,711 8.932,405 7,494,252 owts. 64,879 97.434 123,850 160.626 Lard 73,916 other deposits 83.170.4U7 27,418,392 23,649,854 23,391,46d SiiKar, refined owta. 407,986 81,733 358,491 8,012 5,030 OOTemmeDt secoritles 14.383.4: (5 13.743.0OJ 13,113.919 13,314.888 Copperore tons. .534 - *fZ tons. 4,833 2,119 123,359 55,884 20,830,79:3 M.mi,3ia 21,908.893 22.452,009 KWllus. &0 Other securities and partly 18.2l)0.306| 15.348,806 11,943,257 UnwrouKht Reserve of notes and coin 11,390.225 wrought tons. 994 1,073 .52,281 47,881 34.888.531 21.88tl.0S2 2,448,209 Coin and bullion 80,373.890 39.502,595 Cotton, raw cwts. 396,951 1.023,018 1,1,50,201 47,418 34,500 Reserve to liabilities 39S p. c. 51HP.0. 46% p. e. 31^ p. c. Tallow cwts. 25,972 28,750 61,460 38,799 Bank rate 2« p. c. 8 p. C.I 2H p. o. 4p.c. Wood&timber-Hewn.lds. Jf-g" „?'5?5 spUt....loads. 15.204 81,373 43,192 85,939 Consols lOOJi 90^. xd 99^ xd. lOOH Sawn and 4,452 piooka No. 30,281 17,964 8,465 Bn^lisb whe:Lt, average price 328. 2d 34s. 81. 37s. OOd. 43s. 4d. 121,929 L^therV.V.... lbs. 2,297,383 2,208,450 119,928 Middling Upland cotton 4Md. 5 9-16d. ed. 5 3-l6d. exports to the United States, as far as can be No. 40 mule twist 8Xd. 9Hd. 9HA. »Hd. Below are our Ciearing-Uouse return 00.458.000 03.288.0001 92,627,000 90.058,000 from these oflaoial statistics, during May: **eathered Quanlilu Valtt^^ 1885. 1886. The Bank rate of discount and open market rates at the May- 1885 1886. Horses No- 20 17 £600 «3335 ohief Continental cities and for the previous three weak a _ 14,955 now Beeraud ale bbls. ,3,0,6 3,474 12,090 ton* 18,440 14.159 18,522 14,024 have been as follows: Bait 948 Snlrlts gal's- 5,567 2,371 2.067 Wool -lbs. 697,600 252.900 20,651 7,999- Jum 10. Juiie 3. May 27. May 90. Koode... yds. 3,123,660 2,0.55,900 79,023 67.920 Cotton piece 13.123 Sates 0/ Jitfr-Yani..:. .lbs- 1.334,300 1,846,800 7,469 '"'*" 7.669.200 54,763 60,107 Interest at Ban* Open Bank Oj>«n Bonk Optn Bemk Opsn Ptece goods. .. .yds. 6,836,800 lbs. 9 1,300 97.100 3.401 3,233 RaU. Market BaU. Marka BaU. Market. BaU. Market Unen-Yam Piece goods.. yds. 8,750,900 4,378.200 94.781 102,408 '~3 ~3 15,718 6.399 2,920 Parts a 1 i m "s Hi Snk broadstuffs yds. 26,301 of silk only 8,135 3,719 Berlin 8 1« 3 m 3 m 8 m Other articles of silk and other Frankfort 3 3 8 IM 3 Articles materials •. 33,738 53,630 Hamburg 8 i« 8 IM 3 \H v;v:i:A 23,688 51,690 8 m fabrics yds. , 153,000 332.000 Woolen 174,053 Amsterdam^.... ea IM an IH an 1« 2H IM Worsted fabric* yds. 1,9,9,900 3,354.000 97.937 8.116 8.364 3 3 3 2M 8 3M Carpets yds. 43,400 48,600 2H 3K 16,733 31,710 4 4 4 4 4 Hardware and cutlery Madrid 1 4 4 a-a»v 27.806 73.7:9 Iron and eteel-Plg... ton* 9>^* 26,911 Vienna .-... 4 4 8 4 a» 4 3M an angle, ic. ton* 270 283 1.8.^7 3,309 5 s Bar, St. Petersburg.. 5 5 5 4K 4K Railroad tons 1,842 1,459 9,500 7,393 7,7«»- Copenhagen. ... an 8)4 »i an an Hoopa.Bbeet,Ac.toas 861 872 7,176 127 123 1,768 S.06S state of the Cast and wro't. .tons Messrs. Pixley & Abell write as follows on the 01d,forremnftr.ton« 104 4.377 393 11.087 31,549 341.922 303.910 bullion market Tin—Plates tons 33.645 „ . unwronght tons 1,356 3.523 20.103 33,4S» is no demand wliatever for the Continent, and the Ban* Steel, Gold -rucre tons 51 1 555 90 received the wliole of the arrivals since our last, amounting In the Lead has owts. 665 919 2.354 4,380 aggregate to £568,000. There has, however, been a furtlier with- Tin, nnwrought America, Steam-euglnea 3,067 «,4M I drawal of £329,000 sovereigns, which have been sent to South — . : . . . . : : . [TOL, XLII, 77i THE CHRONICLE. II -Quaritiii; ^ Easll«b Financial narkets—for Cable. May— 1885. 1S86. The daily closing quotations for securities, &c., at London Otlier kiuds machinery. . Apparel aud nlopa are reported by cable as follows for the week ending June 25 Haberdashery i millinery Alkali owta. 29i»,li>a 3J4.884 Bags and sacks doz. 10.93ii 14,365 Lmidon. Sat. Mon. Tuet. Wed. Tkur: JW. Cement owts. 139,100 182,300 44=8 44!Sg Earthenware, Silver. 1835-86. 1834-35. 1883-84. areat Britain $102,000 $4,930,007 » » 185,777 A.Vge 43 SaUa. Sola. A»V« tiennany..., 6,3'o6 34.550 Price ^«^- it^ Prict 1,000 89,403 li'-iij 461,944 120 9-<,353 ». d.\ \i. d. 3otith America 2,775 64',6'4i 8'JO 211,133 Wheat, qrs 2,469.676 30 6 2,411,357 33 2 2,4no,688 68,62K 33 10 All other oountrles. . 3,163 Barley 2.317,718 23 8 2 «.-)i>.(l?'2 31 J. 3,f^49 105 31 in Oats 351.927 19 1 3S5,432 20 4 3.J7,3}2 10 1 Total 1886 $111,375 $5,412,496 $"l2il42 $777,901 Total 1885 499,432 8.004,0 >8 73.357 376,628 Converting quarters of wheat into owts., the totals for the Total 1884 186,«81 6.53 4.207 59. .324 1,897.298 wbOle kingdom are estimated as follows: Of the above imports for the week in 1886, ifS.lOl were 1885-86. 1884-85. 1883-84, American gold coin and $3,603 American silver coin. Of the Wheat owt. 35,424,414 34,537,903 34;431,868 during the same time $33,735 were American gold The following shows the quantities of wheat, flour and exports vaize on passage to the United Kingdom. coin and $1,000 American silver coin. Aivresent. Lait vietlc. Lout year. 1884. United .States Sub-Treasury.—The following table show heat qrs. 2,216.000 r- 2,015,000 2,600,000 1,943,000 loor.eqaaltoqrs 313,000 227,000 214,000 2i5,OO0 the receipts and payments at the Sub-Treasury in this city, an qn. 420,000 340,000 322.000 330,000 well as the balances in the same, for each day of the past week : . : : JUNB 20, 1886. J THE CHRONICLE 77B Ralaaeei, nale. Rteelplt. Pai/itntlt. —The ChioAiico A IndUiw Coal Rallwajr—owning the re Coin. jOoiH Or.rV§.\ Ourrmwy. centir opened line between Ohloa(o and the h\oi-k f oat n^Id* Clay of County, Ind.—haa otae woll known r .-o Juno 10 Ml 1,777 8>l,'i.714,120.O87.ftOtl n2,4ii7.4f.Ol 17.Q,|) oort among thn ilirort/irn wnd ImkIIih^ ii| i -. ^ " 1,H6H,370 1,21S,2SJ l'.i9.0(;2, V. . , ...... ,...... ,.. |, , •mi 1 t.-iii I3|..'l/t]| 84 «. J i. HID III III-. (Iirt CHTVyy " 2.^ 2,4>1,499 1,038, 59S, 129,018,80*! 01,400,360 1U,(>20,S01 toicether witli leading biulncw men of Chicago. Meura. Job* II. UuvId Co. are .1 & offering a limited amount of the ixmdf. Total . 13.080,100 7,295,3181. —Mmmb. H. V. AV. Poor, Ohio State Bonds.—Notice is giren to holders of Ohio State & H. the pubiiehen of Poor'* Railroad Manual, h'-- ' d the flrst number of stocks that the bonds of said State, redeemable July 1, 1886, Poor'i Direotory of UiilwM'. and Hallway Director*, amount! ntc to |:ns,OO0, will be paid at the Amorioaa Ex- a work '• which is designed to ., , . uent Puor'a of .iir-^'1% change National Bunk of New York, from the 1st to the Xhnual 16th This of July, and thereafter at Columbus, O. work contains a list of the oIBciala of evert . ia the United StaU-s, Can.'ida, Mexico, Central Am- t ati Application , St. Louis & Cairo.— was made to have the America, Indies, West Great Brltainand Ireland . _ a li«t 14,000,000 four per cent mortgage bonds, payable 10.31, of the of the oflioiulfl of street railroads in the aaaie (V)untri<-!< liet St. Louis & Cairo Railroad Company, placed on the stock list, of the directors of all railroad oompaniee in North Ametica, and the following statement made : The title of the company alphat>etioally arranged, with their addreaaee ; a list of tlte is, Louis Cairo Railroad "St. & Company." The company ofllcials of organizations auxiliary to the rail way ayttem ; a was orsfauiKtfd Juno 14, 1831, as successor to the Cairo & St. list of the ofHoiala of industrial establiahmsnta dependent Loui.s Rsilr. ad Company (chartered February 16, 1865 ; opened OD the railway aystem; a list of the offioiala of the Imp- March 1, 1875), the road and property of which were sold ing exchanges and commercial associations ; a list of the lead- under foreclosure of the flrst mortgage bonds. July 14, 1831. ing contractors throughout the country whose specialty Is line of the road is from Cairo to East St. The Louis, Illinois, the construction of railroads and work-i connected therewltb. 151 6-10 miles main line, 9 miles braucius. By agreement It ia a comprehensive guide to the p.r«on/t«^ of our railwaya, this ro-.ul and the M. & O. are, after January!, 1887, to be as is the " Manual" to their flnanoial condition. The price of operated as one system, extending from Mobile, Ala., to East the work ia |3 per copy, delivered free. St. Louis. Ills. The Mobile & Ohio agrees to lease the St. Louis &Ciiro Railroad for a period of forty years from January Anction Sales.—The following were aold at auction this 1, 1886, paying therefor 35 per cent of 150 640th8 of the total week by Messrs Adrian H. Muller & Son, 12 Pine Street gross revenue of the entire lines, the minimum rental, how- Shires. Brind*. 1 Right N. y. 8or'y ever, to be f 1G5 000 per year. Llbr'y $21 $2,000 Efiiiltable Uas Co. of 100 N. Y. Mutual Oas I/t. 1 ll-12>s Unlvago tin 97W total issue of bonds is $4,000,000, divided I The as follows : 25 New York tqiiitablo Ua^ $.^.000 City of H< Nob. 1 to 3,000, for $1,000 eacn ; and Nos. 3.001 to 5,000, for LishtOo I2OJ4 City Park Imp. Fund Slocir, 29 N.Y. Produce Bxch. Bk..luS>4 due 1902 137»» $.500 each ; both principal and interest payable in gold coin of the present standard of weight and fineness. The interest is at the rate of 4 per cent per annum, and is payable January 1 DITIDKNDS. and July 1 of each year, and is guaranteed by the Mobile & the Ohio Riilroad Company by endorsement on each bond. toUowlne dividends hare reoently heen sanoanoed: .^2,600,000 of these bonds have been reserved to take up a like Per ITkcn BookM Hamt of Company. Olotta, amount of 5 per cent non-cumulative income bonds now out- Cent. PayabU. {Day iitefwfiw.) standing, and ,400,000 of the same have been sold for the $1 Kallroada. purpose of widening the gauge and generally improving the Chic. R. T. &PaclHc (quar.) 1% Aug. 2 June 27 to July t9 condition of the road. *01n. tnd.&c. l.oiiis ,.^: Chlcagq 1 June 15 ..... Delaware Lack. Wo-st. (quar.). July .Fuly 1 Louis San Francisco.— dispatch from Berlin & 1^ 2C to July i.0 St. & A to EransTille Teiio Haute 1 " & July l{JuDe 20 to June 30 Renter's Telegram Company, London, said : Negotiations Flint & Fere Maniiielte, pref 2Hi July 17;Jiine 'il to July 13 are proceeding with the Handelsaesellsohaft and some leading llousatonlc. pref $i July 10 July 1 to July lO 8r. Paul Duluth. pref sia July New York firms to take over |."),000,000 of St. Louis & San & 1 June 27 to June 30 Shore Line 4 July 8 Francisco Railroad mortgage bonds ia the form of a 5 per cent VrriDont Valley 3 July 1 loan, the proceeds to be applied to the completion of the rail- Worcester Na'.h. .fe Rochester 3 July " r way in Texas." Banks. Bank of Ameiua : 4 July 1 June 26 to July St. Paul & Dnluth.—At St. Paul, Minn., June 20, at the Bank of New York, N.B.A 5 July I Jane 25 to Jnljr annual meeting of the Btockholders of the St. Paul & Duluth BoWBiy NallouHl a July 1 Central National »ia July June 2.T to July Railroad, action was postponed untU the next 5 annual meeting Chatham National 3 July June 21 to July 1 on the resulutions adopted by the board of directors providing Contineutal National 3 July July 2 to July 5 for a temporary change in the application of the net income East Kiver National 4 July Eleventh Ward 4 July IG to of company. director of the said, after the June Jane 39 the A company Fourth National 4 July meeting, the effect of this action would seem to be that the Importers' &. Traders' National.. 7 July June 24 to June SO money required for improvements would have to be taken Irving National 4 July June IS to June 30 from the earnings of the railroad and the proceeds of land Leather Manufacturers' Nat 5 July June 2U to Jnne 30 Madison Square 3 July June 2(1 M and stum page sales used to make up the dividends upon the Market National 4 'July June 23 to Jane 30 preferred stock. The following directors were elected: W. MeohanlCA' & Traders' National.. 4 July H. Rhawn and J. M. Earle. of Philadelphia; C. D. Drake, of Mercantile National 3 July Jnne 23 to Jinie SO Merchant a' National July June '.:5 to July 1 Washington; 0. D. Baldwin, of New York; Charles Fairchild, Meroliauth' Exchange N.-ktional. .. i'* July June 10 to Juns 30 of Boston, and W. H. Fisher, James Smith, Jr., H. H. Up- Mount Morrin - 3 July Jure 12 to July 1 ham, and J. J. Hill, of St. Paul. The only change from the NaiiODal Bank of Commeice July Natlon.-vl Broadwa.r 10 July Jiiue 24 to .lama 3« old board ia the substitution of Messrs. Baldwin and Fairchild National Butchers' & Drovers'... 4 July Jane 20 to June 30 for Messrs. Miller, of the Milwaukee & St. Paul, and National Citizens' SJfl July Winter, of the Omaha. National Park 4 July June 29 to July 1 July June to June 30 At the directors' meeting the following olHcers were elected: National .Shoe &, Leather 4 23 Ninth National 3ia July June 21 to Jure 30 President, W. H. Fishr-r; Vice-PresiHent, W. H. Rhiwn; Oriental 5 July June 20 to June 30 Secretary and Treasurer, Philip S. Harris. • The directors Peoiile's. 5 July Juno 27 to June 30 Phenlz National 3 July June 24 to June 30 declared the usual semi-annual dividend of SJ,^ per cent upon Seventh Waid National 3 July Jane 24 to July 1 preferred stock, payable July 1. Xradeamen'A National 8 July Shenango & Allegheny.—At Pittsburg, Penn., June 18, a luiiurauce. Hamilton Fni- July motion was made in the United States Circuit Court on behalf Hlscellaneons. of Trustees Rawle and Shedd. of the first and second mortgage Brooklyn 'iru.it July 1 Jane 27 to July 1 bonds, asking a decree of foreclosure. June 80 was tlxed Central & So. Auier. Xel. (quar.) .. July Mexican Tolevraph July for an argument. Wells, Fargo & Co July 15 July 1 to July 15 IVheeling Lake Erie.-Judge Welker, sitting at Cleve- & > This was Inootrr ctly stated last week. land, hs8 confirme 1 the sale of the Whef ling & Lake Erie road to the bondholders' committee for $505,000, the order for confirmation, however, being conditional on the payment of all the r< ceiver'.i indebtedness. 138th Call for D. S. Bonds.—Under date of June 21, United States Ooverament and other de8lrat>!a 1886, the Secretary of the Treasury gives notice that the prin- cipal and accrued interest of the bonds herein below desig- SECURITIES nate been no appreciable increase in the inquiry during the past week. Rates are firmly maintained, however, in consequence Dividends will be found of the fej^ onlheprecedingpage. continued scarcity of commercial bills, and on Tuesday the posted rate for long bills was advanced i cent, partly owing WALt, STREET, FRIDAY. J one 25, 1SS6-3 P. M. to the very low rate for discounts in London. Gold to The Money Market the and Financial Situation.—The amount of $1,431,337 has been shipped to Europe (including week has been devoid of |i63,783 to any remarkable occurrences except go to-morrow), due to special causes, and it is not the generally anticipated that the efliux switchmen's strike at Chicago. This strike is on the Lake will continue to any o-reat extent. ° Shore road, and is a renewal of the old difficulty, based on a demand for the discharge of non-union men who have been in United States Bonds.—Government bonds have been more the employ of the company for years. The demand of the active, and stronger than for some time past, the transactions showing considerable strikers seems to be one of that class which is almost universally animation at times. Prices have advanced quite sharply, the 4s being specially strong and showing condemned by the public as unjust, and it appears to be the an improvement of IJ per cent for same the week. The Treasury precisely as that which caused the Third Avenue strike Department at Washington has issued another call for the 3 in this city to result in such per cent a dismal failure. bonds, retiring $4,000,000 of them on August 1. The crop reports are all The closing prices at the N. Y. Board that could be desired, and the have been as follows : wheat crop in the central and southern Western States is now pretty well Interest June June June June June assured ; the spring wheat crop in the Northwestern Periods 19. 21. 23. 24. 25. States has yet to run the ordinary chances of July and 4i«8, August 1891 ..refr. Q.-Mar. 4I28, 11181b -iim i,*ni58 112 112 weather. 1891 ,coup.|Q.-Mar. •111^ lU5e •111% ll2ie 112 As bearing 4s, 1907 ..reg.iQ.-Jan. 125381 125% 126I4 12638 *126i4 upon the state of trunk line income, the 48, 1907 ooup.lQ.-Jan. ':26ifli 126^3 I'ifi'e 12714*12714 38, option U.S.. ..reg.Q.-Feb. 10114*101% ., Chkonicle has obtained the following report of New York 8*10214 lOiiifi 10214 68, ciir'cy, '95.. ..reg & J. '1251a •125 •125% *12o78 *126 Central gross earnings for April and 68, cur'cy, '96.. ..reg.'J. & J. '12818 '128 12-* May, the 1886 figures . *12836i 3* 128 59 68, cur'cy, '97.. ..reg.jJ. & J •130i>B '130 ! '13078 '131ifl *131l4 including the West Shore. The remarkable 68, cur'cy, '98.. gain of |738,227 ..reg.J. & J. 'I3318 '133 1331s, 133)a '133% 6s. cur'cy, '99.. ..reg.'J. & J. '135 •135% *136i4 for the month of May (not more than one-half of which could 1351s 136 * This have come from the inclusion of the West Shore) will attract Is the prioo bid at the momlne board: no tale was made. general attention : State and Railroad Bonds.-The transactions in State bonds have covered quite New Torlc Central. T886. 1885. Increase. a large number of issues, but the April $2,363,544 $1,816,324 $547,220 total sales for any one class have not been specially large. May 2,542,622 1,814,395 728,227 The activity of the railroad bond market continues, and The railway situation would still further clear up if a few of many classes have made further advances, as a result of the demand for reasonably the insolvent roads could be speedily reorganized, or reach a safe investments paying a fair rate on the principal. settlement Those bonds (notably the Eries) which are of their affairs. As a general thing it is found that usually most active in the dealings have been comparatively stock and bond holders are reasonable in their views, and will- dull and not so strong as many of the usually inactive classes, ing to make any adjustment the rise in and sacrifice that the condition some of which has been quite important. A slight and prospects of the respective companies seem reaction occurred late in the week in sympathy with stocks to require. ' ' when the Erie bonds were specially weak. The obstructionists are too often found in the heavy capitalists The closing prices and range of a few leading bonds are annexed who have been in control, and under whose management, : whether faulty or not, the roads have been wrecked. These Range since Jan. 1, '86. yaine of Bond. railroad kings having advanced money when they ought not to Lowest. Highest. have done so, seek to have their floating debt put°ahead of N. Y. L. E.& West.— everything else, and in one shape 2d consol. 6s, ex. Jane, '86, op. 76'% _ or 'another tuey make Jan. 9513 June Fimded coup. 58 opposition 77 14 Feb. 96 14 Mar. to 'the interests of the bondholders West Shore, guar. 48 ; at 1 01 14 Jan. 105 June East Tcnn. V'a. the same time they usually & Ga. 5s,tr. rets. 6SI4 Jan. 90 June seek to control the N. Y. Ch. St. & L , let tis. tr. rec. 84 May 99 June properties. Mo. Kaus. & Texas, gon. 6s When the principle of law which they seek 8758 Mar 96 13 June Do do gen. 58 72i4May 83 Feb. to establish is applied to ordinary Oregon Short Line. 1st Gs real estate, its absurdity is 97% Feb. 107 14 June Oregon Trans-Continental. let ^'8 I 92 >s May 103 June shown up, and yet the law for railroad Lmiisville mortgages is substan- Juke 36, 1886. j THE CHR( NICLE. 777 NEW YORK STOCK EXCttANGB PRICES FOR ffEEK ENDINO JTCWB M, AND SINOH iAH. I, 18M. HIOHE8T Ain> STOCKS, U>WXBT FSI0B8. Ranaa riM* jMk l« itM. of Um Saturday, Monday, Taendar, WediMsdar, Thnndar, rrMar, Wsek, Juno 10. June 21. Juno 22. June iS3. June 34. Juno 25. ban*. LOWMlk Active HH. Stoek*. Cantulian I'lU'lHo 67=% 68>« 07 60% 00% 00% 00%! 06% 00% 00% nc". 14 CiiniiiliiHouttuM'ii ...... •, 41 >3 44 447e 44 44 I 4:1% 44% 42% 43% 42% 4:1 'i 17 Ceiunil lit New Jersey 553e 54% OSitB 54% ft5^ 5.'^%: 54% 63% .Vi7a, 54 54 >. - a Central i'ai'lllo 42 1« 43 42)9 42«8 41-'8 42% 42% 42% 42%' 41% 41% 42 . tch. 1 Obesapt'ake t&OUio Oifl *0>a 10 914 •9% 10 0% 0%i •» 0%; I Jan. 9 Do Istpref... •17 17 >a I718 17"4 17 17 ie 17% 1U% 10% 17 17%! J Jan. Do 2rti)ief.... *ll>a 12 •llij 12 •11% ' la 11% 11% 12 12 11 It.'i 11% 'a I P«b. IS Oliloago rights. > These are the prices bid and asked ; no sale was made at the Board. t Lower price la ex-dlvldend and — ...... 1. 778 THE CHRONICLE. [Vol. 21JI. QUOTATIONS OF STATE AND RAILROAD BONDS. JU.VE 25, 1886. STATE BONDS. BKCURITIBS. Bid. Ask. SKCUBITIES. Bid. Ask. SECDBITIES. Ask. 8KCCBITIK8. Bid. Atk, Alabamik—Class A, 1906. '104 Lonisiana—7s, oon8.,1914 N. CaroUnar-Contlnued— Tennessee—Contlnned- Olasa B, 6s, 1908 '108 Stamp*-d, 48 New bonds, J.&J., '92.8 Class 0, 48, 1906 '102 Missouri— 68, new series, 1914 68, 1886 Special tax, all classes.. 11 C'mp'ml8e.3-4-5-68,1912 6», 10-208, IPOO '108 6s, due 1889 or 1890.... Do 70", WU.C.&Bn.B. Virginia—88, old Arkansas— H8, fnnded 813 Asyl'm or Univ., due'92 Consol. 48, 1910 96>!i 68, new, 1866 7s, L. Rock Joke 26, 1886.] THE CHRONICLK 71* New York Local 8ecarltl«g. qnoUtlons la Bostoa. FbtlAdelpMS •4 B«Ula«i«. iBaaraao* Btsek LUt. Bnnk Mtoek L.lBt. [PrioaabrB. 8. Ballar, S>t piaa St.] SKOCRITIU. BM. Atk. XOOKITIBa. ma. Aift. COMPANIK8. PKIOK. R Paclilo* , 60 Phenlx 60 139 141 Boston A Providence... 190 192 lstmort.,4>a)i. cp.lSlO Revere B. Lynn Park , 100 RutKor'e as 120 126 Boston A 127 ad, 7s, coap.A reg..'^893 ll»'ll....I. Southern People's* as Standard so 100 104 California 10 10>«| Cona.,7a, reg., lUll .. 1»5S Phenlx 20 107 Star 100 6S 80 Central of Massachusetts Cons., 7a, conp., 1811 1-28 "also 126 Preferred Bepabllo 100 Sterling 100 60 60 841, 26 "a] Cona.,6s,g.,I.Il.C.181I preterred StNlcholas* 100 Stuyvesant as 107 113 Cheshire, W7 Imp., 8b, g., coup., 1897 ioi"C'.'.'Z Seventh Ward 100 102 134 140 Chic. A Easfn Illinois... 80 Gen., 6s, g., oonp., 1908 99'aioo UultedStatee as "78" Second 100 ^30 Westchester 10 125 130 Chie. llurl.A North'n 79 Gen., 7a, coup., 1908 •8>a Michigan.. Shoe A Leather 100 132 WUUaimbarg City 60 230 246 Chic. A West 49 >a Gen., 68, scrip. g.,cp.'86 State of New York' 100 125 Clnn. Sandusky A Cleve. "I6I. 18 Perk., 8cr1p,8s,g.,op.,'r8 Third 100 Cleveland A Canton 4>a Inoome, 7h, coup,. 1898 S3 sa>a Tradesmen's 40 PrefeiTed 20 Conv. Adj. Scrip, '86-88 61 Cnlted States 100 200 Col. Spiingf. A CIn Cons. 5s. lat aer.,o.,19a2 59 61 Concord jios Cons. 58. ad Ber.,c., 1933 30 83 Connecticut River coup., 18931 27 30 j 134 Debenture Coun. A Pasanmpslo 94 Conv., 78, R. C.,1893..» 28 30 Oaa and City Railroad Btooka and Bonda. Det. Lansing A No., preL | loi Conv. 7s. cp. off. Jan. ,'85 Eastern 1 86 Deferre*! incomes, cp. . COM Qnotatlons by Geo. H. Pasirnga * Co., Brokers, 49 Wall Street.] FItohbnrg •123 128 Phll.WU.A Ball.—4s,ir.ot 103 Flint A Pere MarqnettO. 20 21 Pitts. CIn. A St. L. -'7a.... 1-24 Preferred 97*4 Pitta. TItua. A B.-7a,op. 80 Sloni City. 124 GAS COMPANIES. Par. Amonnt. Iowa Falls A tas\ 69 Shamokin V. A Potta f» Kan. C. Clin. A SpHngPd Snnbnry A Erie— lal, 7s. Kaii.Ciiy Ft. s. A Gulf Snnb. Kaz. A W.— lat, Sa 108 <« Brooklyn GM-Light. ... 2S Prelerred 2d, 8b,1»38 103 Oltlaens' Gas-L. (Bklyn) 20 Kan. C. Sprlngf. A Mem. j 68 Sjrr.Gen.A Com.— lat. 7b. Bonds 1,000 Little Rock A Ft. Smith. 331, 40 Tex. A Pac— 1st, 8a,190S 107 Consollilated Oas 100 Maine Central...... 120 126 Consol., 68. 1905 88 80 Jersey City & >lol)Oken. 20 Marq, Houeht'n A Onton. 38 Union A Tltttav,— 1st, 7b 80 Metropolitan—Bonds ... 1,000 Preferred. 88 Dnited N. J.—Cons.6a.'94 117>s Mutual (N. Y.) 100 Mexican Central. 7 7U Cons. 6a, gold, 1901... Bonds 1,000 Nashua A Lowell Cona. 8b, gold, 1908... Nassau (Bklyn.) England.. 19'23... 104 25 N. Y. A New 4m 41 '4 Gen., 4b, k old, Scrip Var'e Preferred 130 131 Warren A F.-lat, 7e '96 104^4 106 Poo0e's (Bkljrn.) 10 Northern 126 WeatC'ester .Cons. 7s.. 113 Bonds 1,000 Norwich A Worcester. nan W. Jersev- let, 68. cp.,'8« 11<< Bonds Var's Ogdensb. A L. Chaiuplaln 18 Ist, 78, 1899 126 WiUiamsburg.. 60 Old Colony 167 188 Cons. 68, 1909 116 Bonds 1,000 Portland saco A Portam W.Jors6yAAtl.— 1 8t,6a,C. 108 108 >« 107 KetropoUtan (Bklyn.).. 100 Ports. G t. Falls A Con'y. 70 Western Penn.—6b, oonp. Manicipal— Bonds 1,000 Rutland 6s, P. B.. 1896 114 Folton Mumcipal 100 Preferred 30 30 « Gen., 78, oonp.. 1901.... Botius Summit Branch 8 8 CANAL BOND.'i. lanlUble 100 Wisconsin Central 18 Ches. A DeL— l8l,6s,1886 jioan 103 Bonds 1.000 Preferred 27" Lehigh Nav.—88,regM'84. 113 118 Worcester Nash'aA Koch il36 Mort. RR.. reg., 1897 .. [Quotatlong by H. L. Gbant, Broker, 145 Broadway.] PUII.ADKL,PHIA. Cons..78, reg., 1911... STOCKS.! Pennnvlv.—6».cn., 1910. So' RAILROAD lal.68,rg. 1U2>B Buffalo \.Y. A Phil 3"4 3H Sohuylk. Nav.— ^ 3d, 88. reg.. 1907.... 6» 70 Bl'okor St.* Fnlt.P Stk 100 900,1,000' J. A J. Jnly, 18861 29 30 Preferred ,*• 1st mort 1,000 700,,000 J. * J. July. 1000 114 118 Camden A Atlaotlo. !•< BALTIMOHK. Br-dway i 7tU Av.—St'k. 100 2,100 ,000 Q.^r. Jan.. 1886,165 175 Preferred 411, RAILR'U STOCKB.tPar 1st mort 1,000 1,500 ,000 J. A D. June.1901 102 103 Catawissa—1st preferred 58 Atlanta A Charlotte 87 S 2.1 mort 1.000 500,000 J. A J. 1914 100 103 2d preferred 57 Baltimore A Ohio 100 18a B'way rturface bds.gna>'. 1,000 1,5001,000 J. A J. 1921 100 Delaware A Bound Brook 160 1st pref Bonds guar 1,000 1,001 r,000 J. A J. 1905 100 East Pennsylvania 46 adpref 4-2 Brooklyn City—Stock 10 2,0001,000 Q.—F. May, 1S86 170 180 Elmira A Wllllamsport.. Parkersburg Br 80 Ist mort 62 Central Ohio—Com SO 64 1,000 8001.000 J. A r. Jan.. li<02 106 110 Preferred .--a--- Bklyn. Crosstowu—Stock 100 200,000 A.AO. Apr.. 18,S« 150 160 Hnntingd'n A Broad Top 410s 11 Pref 80 let mort. bonds 1,000 4001,000 J. A J. Jan.. 1888 105 112 Preferred 924 >a 26 Western Maryland —60 11 Bushw'kAv. (Bkln)—St'k 100 600,000 Q.—F. May, 18.H6 140 150 Lehigh Valley 66 <4 S6>!i RAILROAD BONDS. Central Crosstown—Stk. l»4!July, 188^1160 166 Preferred Atlanta A Cbarl.—lat 133 Cout.Pk.N.A E.Rlv.-Slk 100 1,800,000 Q.—J. lljljuly. 18.-IBI 135 MlnehlU A .«ch. Haven... 64^ Malllmore A Ohio—4a... ltiM>a Consol. mort. bonds 1,000 1,200 .000 J. A D. 7 Doc. 1902 120 125 NesquBhoning Valley... SS S»>« Con. Ohlo.-6a, 1at,M.AS. Ang.-lat. 117 OhriHfph r&iothst—Stk 100 630,,000 Q.— F. I'll May, 1886 130 132 Norfolk A Weat'u—com la's la-T Cbarl. Col. A Bonds 1,000 230.000 7 Oct.." 1898,110 116 Preferre«l ad 113 A.AO- 104 DryDk.K.B.dk Bat'y—Stk 100 a May, 1886' .... 180 Northern Central 81 « CIn. Waah. A Bait.—lata. S 105 1,200 ,000 Q.— F. 67 Ist mort., consol 6004c. 900 J. D. 7 June, '93 112 115 North Pennsylvania 2da •7 ,000 A 36 Scrip 100 1,200 ,000 F.A A. Feb.. 1914 106 107 Pennsylvania 5S°s S3>, Sda 85% Eighth Av.—Stock 100 1,000,000 U.-J. a July, 1888, '200 226 Phllailolphia A Erie. '26 » Ist mort 1,000 236,,000 A.AO. 7 April. '93 112 117 Phlla. A Reading 13 No. Central—4 >Ba, J. A J. 111 42d St. Manh.A St.N.Ave 100 2,500.1.000, 36 39 PhUa. Wilni. A Bait 6a, 1900, A.AO...... 123H 6' aai 222-, goId.I800,J.*J.... llW>a lat mort 1,000 l.'2(>(),,000,M.A8. 1910 109 1)2 Cnitert N.J. Companies.. ea, mort.. 1915 80 Jersey 57 Sa, Seriea A 11U>| 2d Income 1,000 1,600.,000 J. A J. 6 60 Weal 108 Homt.w.st. abar*. 1 In dofadt. I Laai pnea tAta voak. THIS colDmn snows last dividend on ttockt, bat date of matnntr otbotutM, •Ez.dlvldend. I Par ... .— — 780 THE CHRONICLE. [Vol. XLU. EAILBOAD EARNINGS. New York City Banks.—The following statement shows the condition of the Associated Banks of Latest Earnings Reported. Jan. 1 to Latest Date, New York City for the BoADS. week ending June 19, 1886: Week or Mo 1886. 1885. 1886. 1885. Average Amount of— Apiil Loans and Net Deposits Atoh. T.&S.F.. 1,261,479 1,297,825 4,490,441 4,824,406 Bpecte. Legal other Ctrcuta- LHicounts. Tenders. Biklt. & Potomae April 109,183 130,336 410,587 445,488 than V. S. tion. Buff.N.y.A Pliil. 3d wk J'ne 49,100 50,900 1,123,977 1,014,186 BiuBF. Rocli.&Pitt 3(1 wk J'ue 19,658 24,793 481,901 522,635 * 3 t Bar.Ced.R.&No.l2d wk J'ne 49,522 KTew York 11,380,000 840,000 1,83.5,000 10.690.000 15,000 54,301 1,148,452 1,289,803 Manhattan Co CanadianPaciflcjSdwk J'ne 207,000 165,000 3,820,581 3,087,065 9,230,000 1,609,000 811,000 9.573,000 Merchants' . 7,797.600 Central Iowa 2d wk J'ue 25,310 21,263 545.097 521,172 803,000 1,399,400 8,226.500 45,006 Mechanics' . 8.688,000 928,000 Pacific. 1,017.000 7,408.000 ((Central March 1,242,152 1,001,234 3,241,106 3,014,937 America 12.221.100 1,094,800 1.145.100 10.S55,100 Oliesap. Ohio. April.. 317,162 & 290,002 1,189,726 1,069,781 Phenix 2,727.000 409.000 340.000 2,622,000 2'63,0d0 Ellz.Lex.&B.S. April.. 65,743 55,088 262,936 213,318 caty 9,983,900 4,309,500 1,813,000 13,706,000 Ches. O. & S. W. April.. 124,071 119,244 493,971 475,476 Tradesmen's 2,386.700 317,200 230,000 2.094.500 90,006 Chicago & Alton 2d wk J'ne 175,177 163,330 3,178,233 3,342,493 Fulton 1,279,400 870,300 152,900 1,706,300 Clilo. Burl. & Q. Api-U 1,952,740 2,065.070 7,393,150 8,298,579 Chemical 17,469.500 9.988,100 1,923.800 24,611,000 CUo. East. ni. 2d wk J'ne 30,139 28,025 Merchants' Exch. 2,944.700 437,900 435.400 3,343.000 79,000 & 719,980 683,917 Gallatin Clilo.Mil.&St.P. J'ne 472,000 National.. 8.104,900 860.500 672,900 6,189,900 598,300 3d wk 421,049 9,980,000 10,038,333 Batchers' Drov.. &Nortliw. J'ne 474,000 & 1,829,S00 238,900 289.200 1,900,000 181,100 CMC. 3d wk 449,400 10,161,519 10,014,310 Mechanics' & Tr.. 1,606.000 128,000 J'ne 110,600 212.000 1,703.000 C]i.St.P.Min.AO. 2d wk 102,700 2,416,346 2,252,563 Greenwich 1,268,400 128,100 143.100 1,292,100 2,800 CUo. & W. Midi. 2d wk J'ne 25,717 26,183 581,342 536,400 Leather Manut'rs. 3,354,900 548,900 427,400 2,013,000 434,000 Ciii.Ind.8t.L.&C. 2d wk J'ne 42,555 41,500 1,096,514 1,053,348 Seventh Ward 1,274,300 286,300 109,800 1.282.900 43,600 Ctn. K. O. & T.P. 2d wk J'ne 52,030 44,894 1,151,152 1,091,460 State ol N. Y 3,394.400 42,700 826,400 3,642,900 Ala. Gt. South. 2d wk J'ne 18,830 14,095 493,175 479,061 Americ'n Exch'ge. 16,876.000 2,424.000 2,677,000 14,995.000 N. on. & N. E. 2d wk J'ne 8,084 7,162 276,448 322,373 Commerce 18.700,700 2.712.400 2,177,300 14,926.200 912,000 Vloksb. & Mer. 2d wk J'ne 6,168 5,526 219,487 183,118 Broadway 6,469.500 96S,900 443,300 5.291.300 46,000 Ticks. 8h. & P. 2d wk J'ne 5,270 4,327 180,452 142,407 Mercantile 6,697,800 1,297,200 599,100 7.360,300 44,300 Cln.Wash.&Balt 2d wk J'ne 31,317 Pacific 2,365.500 444,700 2:5,800 2.777.600 26,735 832,416 775,144 Republic 6,869,600 1,365,500 622,700 7.100.800 Col s'eo'soo Clev. Akron& 2d wk J'ue 10,438 9,794 214,920 205,852 Chatham 4,299,100 781,000 366,200 4.571,800 45,000 Clev. & Canton. May . 29,254 27,380 127,759 116,825 Peoples'. 1,725,700 183.100 225,500 2,246,200 Caev.Col.C.A Ind April. 253,272 246,823 1,145,847 1,073,984 North America ... 4,030.000 330,800 367.300 3,364,700 Col. Hock.V.&T. May . 174,930 167,941 866,581 879,059 Hanover e,74W,500 2,506,300 587.600 11,035,500 180,000 Danbury & Nor. April.. 16,559 16,230 62,167 60,322 Irving 3,003,000 352,300 522,600 3.026.000 319,600 Deny. & Kio Gr. 3d wk J'ne 123,558 122,578 2,672,860 2,574,830 Cltieens' 2,723,400 507,000 344,100 3.166.100 200,700 B. G. W. 78,945 Nassau ...... 2,567.200 224,000 303,300 2.998.400 Denv. & May 78,445 365,038 342,117 Market Des. Mo. & Ft.D. 2d wk J'ne 6,457 7,221 140,311 155,303 3,285,000 396,800 398,400 2.916,400 No. St. Nicholas... 1,829.600 235.500 136,100 1,639,100 Det.Lan8'g& 3d wk J'ne 23,695 22,274 525,883 515,066 Shoe Leather.. 3,384,000 658,000 274,000 3,488,000 E.Tenn.Va.&Ga. May. 284,152 & 434,000 276,871 1,570,969 1,017,749 Com Exchange ... 6,000,000 661,500 615,000 5,266,000 Evanev. & T. H.i2d wk J'ne 13,818 13,320 308,273 300,216 Continental 5,122.800 610,000 702.700 5,794.300 49',iS00 Flint & P. Marq. 2d wk J'ne 39,470 37,627 984,608 846,823 Oriental 2.011.000 382.500 296,000 2.141.500 Ft.Worth & Den. AprU 34,147 30,923 108,362 110,437 Importers'* Trad, 20,461.500 4.807.200 1,093,600 32.436.800 979,800 Grand Trunk . . . WkJunel2 327,376 270.839 6,773,795 6,276,287 Park 19,085.000 3,348,000 3,758.000 24.330,000 15,000 Gr. B.W.& St. P. April 30,852 23,318 North River 1,921.000 233.000 161,000 2.287.000 Gull Col. &S.Fe. May. 153,489 116,103 746,874 472,878 East River 1,228,800 •il4.800 138,000 1,079.200 223,400 Fourth National.. 17.244.900 3,437,400 1,846,100 18.441,700 180,000 m.Cent.(Ill.&8o) 2d wk J'ne 204,900 203,776 4,333,512 4,780,341 9,4S5,000 F.&Mln. J'ne Central National.. 8,863,000 1,231.000 1,067,000 139,000 Cedar 2d wk 3,500 2,378 66,030 52,092 Second NAtional.. 3,400,000 702.000 227,000 3,982,000 33,000 Dub.&SiouxG 2d wk J'ne 19,500 17,496 376,600 366,078 Ninth National... 4,912.000 919.000 803,100 6,437,100 46,000 la. Falls & S.C. 2d wk J'ne 15,600 14,983 258,101 259,501 First National 17,371,000 3,921,500 1.533,900 18.385,200 292,400 Tot. Iowa liuei^ 2d wk J'ue 38,600 34,8.57 700,733 677,671 Third National... 4,553.000 428,300 1.202,600 4,979.100 Total all lines. 2d wk J'no 243,500 238.633 5,034,245 5,458,013 N. Y. Nat. Kioh.. 1,327,900 202.500 238,400 1,311.400 Ind.Blooni.Ai W. Jdwk J'ue 51,902 39,181 1,039,500 977,078 Bowery 2.309,300 337.700 348,000 2.332,000 223,800 Ind. Dee. & Spr. May. 26,867 23,122 151,844 128,210 N. Y. County 2,181,600 328.100 464,400 3.024,400 180,000 K.C.Ft.S.&Gul{. 2d wk J'ne 39,904 37,306 1,076,504 1.143.455 German-.Americ'n. 2,798,800 273,400 410,500 2.761,100 (jhase National... 3,197,000 560,700 671.700 4,134,900 16,000 Ka,n. C. Sp. «fe M. 2d wk J'ne 27,325 25,741 627,993 776,061 Fifth Avenue 3,531,300 818,3^0 149,800 3,760,600 CI. Sp. 2d J'ue Kan. C. & wk 5,017 91,882 German Exch'nge. 2,410,500 2K0,000 2.i0.O00 2,031,900 I,.Ek.&Ft.Smith April, 43,506 36,960 184,655 181,419 Oermania ... 2,183.600 156,400 436,700 2,723,100 L.Rk.M.Eiv.&T. April 23,107 16,989 111.512 108,299 United States 4,172,600 746,800 181,700 4.085.900 4S,000 Long Island 3d wk J'ne 74,560 77,890 1,152,518 1,100,400 Lincoln 2,104.4i)0 417.100 266,600 2.805.700 42,900 La. & Mo. Eivei- March 47,760 50,822 121,177 142,814 Garlleld 1,619,100 294,400 192,900 1,710,800 45,000 Louls.Ev.&St.L. 2d wk J'no 14,635 344,244 Fifth National.... 1.3i3,30C 306,800 178,700 1,592,100 119,500 Lioulsv.* Nashv. 2d wk J'ne 249,995 239,510 5,694,112 6,287,571 B'k of the Metrop., 3.480.6110 922.200 437,600 4,625,500 LoulBV.N.O.&T. AprU 94,470 86,161 521,468 West Side 1,711.200 334,000 309,200 2,129,500 393,949 1,844,100 252,200 15,000 Maine Ccutral.- April 243,285 233,021 860,011 823,504 Seaboard 265.000 1,910,500 Sixth National 1,608,800 550,000 161.300 2,080,700 180,000 Mar.Hough.A O. 2d wk J'ne 29,184 29,573 298,974 215,363 Hem. & Charles. April 96,287 98,994 432,856 450,759 Total 347,413,900 86,581,600 42,057,100 371.70,j,700 7,846,400 Mexican Ceut'l. 3d wk J'ue 68,500 72,793 1,761,987 1,802,734 *Mex.N.,all lines May... 157,173 134,975 701,590 667.442 The following are totals for several weeks past: Mll.L.Sh.& West. 3d wk J'ne 53,770 23,540 851,543 526,502 Milwaukee & No 3d wk J'ne 11,325 11,055 277,62" 259,543 1886. Loans, Specie. Deposits. Oiroulation Am. OUar'iS Mlnn'ap. &8t.L. April 110,519 151,255 447,618 551,192 $ $ $ Mobile & Ohio . . May 134,762 122,653 721,892 808,212 May. 172,330 J'ne 5 342,824,000 67,439,000 35,721,900 364,383,700 7,822,200 577.038,687 NaBh.Ch.&St.L. 167,495 902,663 879,518 " 12 343,809,100|66,612,600 40,021,'200 367,523,300 7,837.100 692,494,680 ITN.Y.C.&H.R... May. 2,542,623 1,814,396 12,248.367 9,592,942 " 19 347.413,900 68,581,600 42,057,100 371,703,700 7,846,400 626,964.530 H. Y. City & No. June 11-20 10,606 9,451 233,118 180,633 April N.Y.L.Erie&W.. 1,418,702 1,201,648 5,385,239 4,661.111 Boston Banks.—Following are the totals of the Boston banks : N. Y. Pa. & O. April 474,490 393,182 1,812,392 1,563,057 N.Y. ANewEng. .April 314,504 262,102 1,174,525 982,553 Specie. L. Tenders. Deposits.^ Circulation Aqq, Clear'gs 6N.Y. Ont. & W. 3(1 wk J'ue 26,412 24,646 530,377 512,293 H.Y.8us(i.& West May 87.204 85,'294 419,731 405,894 £ $ 72,216,840 Norfolk Si West 2 wks June 90,135 82,704 1,284,122 1,114,387 162,098,200 10,284,200 3,104,300 113,00S,400 17,412,800 Noi-thern Ceut'l May 447,236 454,917 2,149,864 2,181,552 161.420,9001 10,236,600 3,218,500 114,423,200 17,267,700 73,133,538 17,272,800 78.220,'223 Northern Pacltlc May 952,830 901,100 3,879,009 3,593,923 152,574,700, 10,006,a90 3,219,300 103,810,800 Ohio & Miss April 270,198 288,964 1,121,567 1,198,734 Philadelphia Banks.—The totals of the Philadelphia bank* Ohio Southern . May 31,159 31,845 192,892 174,900 Oregon Imp. Co. April 198,241 230,768 763,676 900,269 are as follows: Oreg. R. & tJ. Co. 2d wk J'ne 110,211 81,158 1,996,029 1,601,984 Lawful Money. Deposits,* Oircutetion. Alt. Clear'at Oregon Short L. April 193,401 146,793 583,005 455,182 1888. Loans. Pennsylvania. . . May 4,17S,.580 3,890,-169 18,914,063 17,583,955 $ % Peoria Deo.&ET. 2 wks June 23,089 20,3611 June B 84,890,100 24,325,600 83,796,600 5,986,500 58,831,479 Phlla. &Erle.... April 266,148 246,719 l,d68,(S44 937,396 " 12 81,846,600 21,716,100 84,363,200 6.967,500 49,881,980 Phlla. & Reading April 2,177,97' 2,343,973 8,478,916 7,904,486 " 19 84,948.200 21.796,300 84,714,800 8,013,000 67,189,930 Do C. Alrou April 1,093,605 1,179,970 3,816,117 4,048.850 * Including the item " due to other banks." Eichm'd &Dauv. May 276,400 292,077 1,614,751 1,589,279 are latest quotations for a Ch. Col. & Aug. May 40,344 -16,280 330,780 336,279 Unlisted Securities.—Following Columbia* Gr. May 28,763 35,617 282,024 286.778 week past: Georgia Pac. . . May 47,-181 43,883 298,660 259,493 Va. Midland.. May 117,023 119,339 556,400 570.022 Suwrities, Securities. Bid. Ask, West. No. Car. May 32,986 36,437 195,771 178,563 Atlantic* Pac.—Stock, M. K.&T.—Income scrip . . 67 71 St. Jo. & Gd. Isl. 2d wk J'ne 21,162 15,574 504,738 457,359 D., l8t, oM X North. Pac Dlv. bonds.. 96 98'4 Bt.L.Alton&T.H.j2d J'ue 22,907 20,962 491,373 524,926 O. wk Cent. Dlv., 1st, new 811a North Riv. Cons.—100 p.o 4ia S-a Branches. J'ue Do 2d wk 12,730 11,382 294,128 321,654 Incomes Ohio Cent.—Cent. tr. cert , 25 98' Bt.L.&San.Frau. 3d wk J'ne 80,800 73,939 1,908,123 1,854,1.50 Atla.& Char. Air L.» stock Inc. Cent, trust cert 6^2 Bt.Paul&DulutL 2d wk J'ue 33,733 28,785 492,589 402,639 Ist mort., gen. bonds... Pensacola & Atlantic 5h> Bt.P.Min.A.Mau.iMay 429,795 489,542 2,463,754 2,635,303 Incouies X Elch. York Riv. & Che3..l 98 101 Bcloto Valley ..; April 48,090 201,959 Agua.Nav.»& lmp.Co.,bds Southern Tel.—Stock ^a mort. bonds I 23 South Carolina. .jMay 58,416 58,104 458,591 482,408 Altamont Coal, bonds 1st 75" Bo.Pac.Comp'y- Best. H, & B.—Now stock State of Teun Set'tXSs 73'a Settlement, 58 1 98 Gal.Har.&S.A AprU 261,152 233,472 839,902 907,551 Old Trust stanipeil stock Settlement, 68 x 106 G.W.Tex &Pac AprU 3,751 4,971 16,897 Bost. H. T.& West.—Stk. St. Jo. & Grand Isl., 1st x 107 « 108 Louis'a West. April 63,166 56,051 205.205 199,704 Debentures 80 Incomes 71 Morgan's r«feT AprU 362,545 321,805 1,412,867 1,293,478 Buff. N. Y. * PhUa., Stock 29 N.Y. Tex. & M.I April 11,959 41,063 Pref St. L. Ark. & Texas, stock 20 94I4 Tex. & N. orl.lAprU 92,575 79,315 307,864 299,918 Trust bonds, 6s 1st mort Tot.At.System' April 795.148 695,643 2,823,798 2,705,621 Brooklyn Elev'd— Ist M.. 103 Texas & Pac—Scrip 1884. Scrip 1885 Tot. Pac. 8ys.. Ai.rU 1,758,525 1,644,617 6,603,614 6,367,089 Deu. June 26, 1886.J THE CHRONICLE. 781 ]^nvitstmtnt "* "•** "^ ** '*•*' Due tni.t«MiM»Dd morttOHC* to 1« a*kl to"" ' AND rMletm land bond* MO.IBA •!. 107 3ia InterMtontuudi!ad«bt,aocrM(lbutaatdue. 1,354. tao ...... ilMTMli fa,U».348 • Amnnnt •corned to Doe. 81. ISS^, It «nt«r*d la MMIaoMnt t« liMt The INVBSTOHS' 8PPPLRMENT coiUaim a oomplete '',1'"'" ' '' exhibit of Co. under leuao, und la tbui Miumml and pkjritblabr the Funded Debt of States and Cities and of the Stocks and I iiipany opfrai...! ,.n Bonds of Railroads and other Companies, It is published Unw watt of Kl Pmo ap to March 1, from which Hdm south of Uoahan w«t« on the last Saturday of everi/ other month—viz,, February, leased i to the .Soutlion, 'ompanr; it aliw) nnornted It* April, June, Auffitst, October and December, own and aMociated and is fur roaUii north of Ooaben up t from which latter dat« they bftve i nished without extra charge to all regular subscribers of the abo been operetud . t hon» PacifloCompany." • • "Aftwthe payment of uU Chuonicle. Extra copies are sold to subscribers of the chargw for operation, taxes, interest, bettennenta, fixed rentalx of leaaed Chronicle at 50 cents each, and to others tfian subscribers roads, sinkme funds and United Statea re by the issue of $5,000,000 new land grant bonds, hereinafter Surplus over operating expeoaes.. . 91,609,566 $1,103,136 referred to, and by the surplus of income. A comparison of Keiitals for leaned properties 829,630 (Ino. in op. ex.) T^xes and other exiH'nsee 113,540 78,660 the several items of floating debt on December 81, 1884 and Betterments and additions...... 51,9S4 238,016 1885, is shown as follows: Interest on bonded debt 458,757 410,757 Dee. 31, 1884. I>e;.31. 1885. Bills and io:vns payable and demand loans... $4,918,500 $207,334 Surplus $748,655 $434,808 Accoujts iiavalile. less accounts receivable.. 3,533,331 1,207,063 In the above statement, the earnings and operating expenses Uuciaimediilvidcnds 15,528 12,837 Sinking funds of company uninvested 2,168,859 707 for ten montlis, as furnished by the Southern Pacific Com- . : — ^ 782 THE CHRONICLE. [Vol. XLII. pany, are added to those for the months of January and Columbus Hocking Valley & Toledo.—This railway com- February. pany made application to list upon the board the following bonds, to wit: INCOME ACCOUNT TOR 1885. Two thousand (2,000 . bonds of one thousand Operating expenses for Balance from last year. $1,974,017 dollars ($1,000) each, numbered from one (1) to two thousand Jan. & Feh, 138S $392,900 EarniDgs ia Jan. and (2,000). inclusive, bearing six per cent interest, payable semi- Eentals for leused prop. 38,270 Feb., 1885 632,938 annually June and December 1st, dated July 1st, 18S4, due Interest on bonded debt Gulf West Texas & Pa- for Jan. & Feb., 1885. 76,453 cific Railroad 123,412 June 1st, 1904, and payable, principal and interest, in gold coin receipts . Int. to Dec. 31, 1884, on Midceltaneous 79.415 at the agency of the company in New York City ; and are coupe. mBtur'pinlSSa 136,844 Rental from Souilitrn secured by a general mortgage on the entire railway and Taxes to .March, J , 1 8i?5 14,985 Pacific Company 262,140 Miectllaiieous expenses 75,767 property of the applicant. Said bonds are also secured by a To balance to credit of mortgage on the property of the Hocking Coal & Railroad general account 5,336,626 Company, which company jointly with the applicant signed and executed said bonds. The " Total $6,071,944 Total $6,071,944 Columbus Hocking Valley & Toledo Railway Company " is the owner of the entire capital Kansas City Springfield & Memphis. stock of said Hocking Coal & Railroad Company, that the property said last-named consists (For the year ending Dec. 31, 1885.) of company of ten thousand (10,000) acres of coal lands in the counties of Perry, Hocking From t'le annual report the following is condensed : and Athens, Ohio, all of which is particularly described in the 1885. I'SI. mortgage securing the first five (5) per cent consolidated 274 Gross earnings $1,511,461 $1,204 bonds of the applicant, heretofore listed, aod now dealt in Operatlug expenses 1.116,300 840,896 upon the Exchange. There is no mort'. . of the first three months being large, the traffic guavan'y aroi$ Earnings. —, . Ifel Earnings.—— acciuing for that time wss appropropiiated to retiring bonds 1885-6. 1381-5. 1885-6. 1884-5. JalyltoDoc.31 $2,iJ/,i;>9 $2,1 Jt.343 $98 >,il3 $855,039 to the amount of $32,319, making a deficit for the year of January 324,032 427,885 103.944 100,281 $18,791. The report says: February 341,386 • 311,894 120.274 111,878 *' As indicated by the large percentage of operating expen- March 344. June 28, 1886. | THE CHRONfCLE fm Iiidiana liloomliiifton A Western.—The Supreme Court of partner of the Stock Exchangn firm of K Iwnr.I <;«.„» Ohio has ov-rrulcd the motion niB and four months, reported for the • Chronicle are as follows : nrot§ Samtnat.—— !ffl Earntno:- -.4»n7.- 1H86 —Jan ! /o April :iO. — January mm. 1886. 188!V. J3.*2l..536 1«86. 1895. t.l)rilary J3.277.572 W5I..541 9090,574 Orosa eamlnes ..$24!',285 $23:),01il $'*<0,011 3.S41I.475 S.075.700 1,?«7.«04 830.489 if8;3..\04 !'}nTt>b 3.ft01.8.W Opciatlug expouses. ... 114.209 135.593 580,570 553,929 8.635.374 l,. a.=i : their lines, it has found it follows . and necessary , extending May. .—5 m. ended May 31. — to build 1880. 188.1. 1886. 1885. extensions and branches to its own line in order to hold the rngs earntnjrs $147.23.5 $154,917 $2,149,861 $2,181,552 country tributary thereto. Several hundred miles of roatf are operating exi)0Q8e8 2U9,750 271,447 1,345,952 1,274,338 now 0.uilding, and in order that it may not contract any more NcteaminKS $147,481 $183,469 $503,911 $937,194 floats ng debt it has sold some of its treasury assets to raiie the Oregon llailnny & Navigation Co.—The annual meeting money necessary to pay for such new construction. of the Oregon Railway & Navigation Company, which should Finally, this sale of bonds is clearly foreshadowed in the have been held last Monday at Portland, Ore., was adjourned annual report for 1835, where, on page VJ, is stated : for one week. The aecurities of the St. Joseph A Weetom Railroad Company, tbe ~Hastings & Grand Island Kailro.id Company and the St. Josepli Bridge Oregon & Trans-ContlnentaL—The annual meeting of the Ruilding Company wen; I ri I lee of the St. Joaepbll Oregon & Trans-Continental Company was held at Portland, Grand bilund Railroad Comi u iwoordanoe with ttua ptao of reorgani/. ition. Tlie I >way Cetnp.iny now owns Ore., on Slonday. There was no opposition to tlie ticket .'S3.P85.000 of the first i\ per cent bonds of ihe new company, Offered by the management, which received about 314,000 $17,000 of l!i(Oin« I" . 01 j shares of Its rspltai sti'ck. At toe votes out of a capital of 400,000 shares. The present directors market prices rutins: '>f December last, thi se seeinities repre- sented value of $5.iilKi,oeo. 1 tide is no reason \^ >our1^aj|e are Elijah Smith, Christopher Meyer, James J. Uigginson, a l>e liond.H above referr. il to should not sold at . and tne William L. Bull, Sidney Dillon, Charles L. Colby, John N. capital hereiofere Id.'kPd up in them apjilied to otl Mean- Hutchinson, Oliver Ames. W. S. Ladd, Henry Failing, C. H. while, up to th, 'he result er n-. in i* .t Grand I- aij* Lewis, C. A. liolph, C. J. Smitb, Joseph Simon. C. H Prescott, regard to the - which are still i; prudent !. iirol John Muir Jr. and Jonathan Bourne, Mr. Bull was elected of these securities. The llrst mortgage l>onda owned by the eyiuiHiny a member of the board a few weeks ago. Hu is the senior had March 31, 1366, a market value of $4,3UO,OUO. ... 784 THE CHRONICLE. [Vol. XT.TT. COTTON. (£^ommzvtml Simes, Slxe Friday, P. M., June 85, 1886. The Movement of the Crop, as indicated by our telegrams COMMERCIAL EPITOME. from the South to-night, is given below. For the week ending this evening (June 35), the total receipts have reached 14,363 Night, June 35, 1886. Friday bales, against 24,881 bales last week, 32,773 bales the previous staples three since; the total Trade is quiet in all particulars except the export of week and 19,837 bales weeks making receipts since the 1st of September, 1885, 5,347,193 bales, against of agriculture. This goes forward with much vigor, efEecting 4,715,039 bales for the same period of 1884-85, showing en hand, but causing no material a rapid reduction in stocks on increase since September 1, 1885, of 532,154 bales. and improvement in values. Crop accounts remain unchanged , Receipts at— Sat. Man. Tiles. Wed. Thurt. Fri. Total. yet the drawbacks reported excite Uttle or no appreeusion that Galveston 19 15 25 30 22 10 121 the yield will not be abundant. Labor troubles have cropped Indianola, &o. there Ms nothing in recent demonstrations to out again, but New Orleans... 793 686 1,015 541 797 98 3,935 excite alarm. The prospects for a reduction in the onerous 55 5 24 93 8 185 burdens of taxation which have oppressed the country for 2 2 420 459 12 29 103 81 1,104 many years are again very small at the hands of the present Savannah Brunsw'k, *c. Congress, '44 Charleston 283 1,595 355 32 276 2,585 chief feature has The lard market has been irregular. The Ft Boyal,&c. 70 70 been the scarcity of prime Western for prompt delivery, Wilmington & 1 4 2 13 amounting to something like a " corner " on June contracts. Moreh'dC.&o. 1 1 Norfolk 288 159 170 94 10 287 1,008 The speculation in the more distant futures has been variable, WestPoint,&c 135 805 412 170 14 76 1,612 for Jnly, 6-5Gc. for August, closing this afternoon at 6-47c. New York 11 11 e'66c. for September and 5'68c. for October. Lard on the spot Boston 792 186 310 417 388 185 2,278 is quoted at the close at 6'15c. for prime city. 6*4o@650c. for Baltimore 337 337 28 36 796 1,101 prime to choice Western and 6'65o. for refined for|the Continent. Philadelp'a, &c. 240 1 Pork has met with a brisk demand at rather better prices, Totals this week 2,986 3,967 2,305 1,369 1,741 1,995 14,363 closing at |10 25@|10 75 for new mess, |11@11 75 for family For comparison, we give the following table showing the week's receipts, the total since Sept. 1 , 1885, and the stock to-night, and |12@$13 for clear. Cut meats have been brisker, closing total and the same items for the corresponding periods of last year. at 5i.^@5i^c., with pickled hams at 10i^@llc. and shoulders 1885-86. 1884-85. Stock. shoulders 6%@7c. at5?^@6i^c.; smoked hams llj^@12c. and Receipts lo This Since Sep, This Since Sep. Beef ia dull at $7 75® $8 for extra mess per bbl. and |13@$14 June 25. 1886. 1885. Week. 1, 1885. Week. 1, 1884. for India mess per tierce. Beef hams are steady at |23 per Galveston.. 121 694,858 221 455,750 10,940 4,079 bbl. Tallow has been lower at 4i,^@4i^o. Stearine is quiet Ind'nola,&o 781 8 10,950 8 7i^c. Butter more active, partly at and oleomargarine at 6>^o. New Orleans. 3,935 1,712,898 1,290 1,512,533 49,216 50,205 speculative, at 13® 18c. for creamery. Cheese is steady and in Mobile 185 245,895 76 229,042 7,999 6,599 2 2 brisk demand at 5@7>^c. for State factory. The swine Florida 2 50,115 10 77,080 Savannah. .. 1,104 792,512 27 720,423 7,770 1,833 slaughtered at the principal Western towns from March 1 to Br'sw'k, &o 16,252 9,747 latest dates numbered 2,525,000, against 3,315,000 for the Charleston .. 2,585 495,758 33 510,957 7,359 1,980 corresponding period last season. The following is a compara- Pt.Royal,&c 70 14,981 7,463 800 410 tive summary of aggregate exports from October 26 to June Wilmington . 13 101,613 93,609 M'headC.,&o 1 7,821 9,621 19 for two years : 550.978 9,616 1,854 1884-5. Norfolk 1,008 557,654 240 1885-6. 4 Porlt lbs. 28,468,600 35,934,000 Deo. 7,463,400 W.Point, cScc, 1,612 279,845 45 282,963 45 294.278,049 Inc. 20,447,308 234,705 Bacon, &c lbs. 314,725,357 New York . . 11 56,057 67,983 256,678 Lard lbs. 196,216,761 Inc. 3,745,926 192,470,835 Boston 2,278 115,526 121 82,618 11,132 6,310 Rio coffee has been somewhat unsettled—generally easier— Baltimore ... 337 55,930 41,304 11,639 4,997 15,392 7,935 and fair cargoes are quoted at 9%c. But futures were to-da y Fhiladera,&o 1,101 49,387 78 51,418 rather steadier, closing this afternoon with sellers at 7'65c. Total 14,363 5,247,193 2,155 4,715,039' 388,588 320.921 Mild coffees have been much more active at private prices. In order that comparison may be made with other years, we seasons. Raw sugars have been only moderately active, but close quiet give below the totals at leading ports for six and nominal at 4 13-16c. for fair refining Cuba and 5 7-16c. Receipts at— 1886. 1885. 1884. 1883. 1882. 1881. for centrifugal, 96 deg. test. Molasses firmer at 18c. for 50 Galvest'n.&c. 121 232 315 4,130 355 2,342 deg. test. Teas and spices are quieter, but generally well held. New Orleans. 3,935 1,290 821 3,298 2,339 5,909 185 76 70 91 419 Kentucky tobacco has been in moderate demand at steady Mobile 538 Savannah ... 1,104 27 1,259 467 912 1,456 prices. Seed leaf continues to meet with the active demand Charl'st'n, &c 2,655 33 115 568 879 956 which for a month past has been stimulated by the low prices Wilm'gt'n, &o 14 3 2 68 96 363 current, and sales for the week are 3,388 cases, as follows: Norfolk 1,008 240 166 1,042 1,396 3,348 W. Point, &o. 1,612 45 25 238 568 1,201 800 cases, 1881 crop, Pennsylvania, 11^® 13o. ; 187 cases 1882 All others . . 3,729 209 2,869 1,595 2,324 4,561 crop, Pennsylvania, 6@10}^c.; 1,000 cases, 1883 crop, Penn- sylvania, 6® lie; 765 cases, 1884 crop. State Havana, 8)^® Tot. this -w'k. 14,363 2,155 5,642 11,497 9,288 20,662 11J^c. ; 455 cases, 1884 crop, Wisconsin Havana, 10@12i^c.; Since Sept. 1. 5247,193 4715,039 4782,641 5893,048 4620.487 5684,683 101 cases, 1885 crop, Wisconsin Havana, p. t.; 100 cases, 1885 Galveston includes Indianola; Charleston includes Port Royivl, &^- Wilmington includes Moreh'd Clty,cfec.; West Point includes City Point,&c. Little Dutch, t.; crop, Ohio, t.; 100 crop, p. 130 cases, 1883 p. The exports for the week ending this evening reach a total cases, 1884 crop, Little Dutch, ll®14c., and 250 cases, sun- of 49,756 bales, of which 84,797 were to Great Britain, 4,623 5i^@ to France and 10,336 to the rest of the Continent. Below are dries, 28c. ; also 500 bales Havana, 60c. @$1 05, and 300 the exports for the week and since September 1, 1885. bales Sumatra, $1 35@1 40. June S5. 1 {Vom Stpt. 1, 1885, to June 25. 1883 The speculation in crude petroleum certificates has been Wteh Enctino Exported to— \ Exported to— active, and under reports of a decrease in the flow of wells Great OontU Total Great ConU- from-^ '*'<"»<" Total. in important districts a slight improvement in prices is es- Brit'n. France nent. Week. .Britoin. nent. tablished, closing this afternoon at 68Jg@69c.; crude in bbls. Qalveston 223,113] 16,S45 78,013 317,871 18,511 801,733 308,233 395,09 » 1,506,065 quoted at 0@6>8C., refined in bbls. 7Jic. and in cases 8J^@10c., New Orleans . 12,634 3,889 2,138 Mobile 47,418 47.418 naphtha, 8)40. Spirits turpentine has been steadily advanc- Florida. ing, closing this afternoon at 38c. Rosins have continued Savannah 102.409 8,862 291.259 401,920 quiet at $1 03J^@1 05 for common to good strained. Charleston .... 2,100 2,100 91,186 23.089 215,644 332,919 WllminKton... 48.189 1,840 23,184 73.218 Prices of block tin declined sharply under sales to realize Norfolk 230,003 2,328 7,878 240,209 profits accruing from the late advance, partially recovered West Polnt.&c 47,738 10,941 64,669 yesterday and further advanced to-day, closing" at 23'65® New York 13,057 784 5,773 18.(114 472.851 40,181 187,533 700,851! 22"70o. for July. Other metals have been very quiet for specu- Boston 7.879 23 7,40J 165,193 2,238 107,429 lation, but the regular iron trade is fairly active. Baltimore 2,88? 800 3,127 135,370 1,635 83.094 180,099 Ocean freights have been generally quieter for grain ship- Philadelp'a, Ac 4S.147 4,808 52,958 ments, but room has been taken for large quantities of cotton Total 34,797 4,623 10,330 49,756 3.408,338 403,403'1,2E6,079 4,065.480 to the Baltic, and petroleum charters were somewhat brisker. Total Isiil-SS 19,BIS fl.SS7 "6,78(! Si.788 2.3(1.2S2 389.131 1,000,900 3, To-day business was generally quiet, and rates were somewhat Note.—The ox porta from New York to Great Britain include ,791 unsettled. bales to Hull, which were re-exported from Great Britain to Baltic ports. 8 «1 1 1 1 Juvs S6, 1886.] THE CHRONICLE. 785 In addition to above exports, our telexrams to-niffht also give Mij market, the prioM of mUm for aaeb month oacb dsr. «< OS the folIo\vin)i( amounts of cotton on shipboard, not th*i ciearod, oloriiur bidji. in addition to tlx daliy and total Mm, at the ports named. Wo add similar figures for Now York, which are prepared for our special use by Messrs. Corey, Yah ft Lambert. 89 Broad Street. On Shipboard, not eltartd—for llfiliilffflli Ltartna Jtttus 20, 4T— 4 Qreat Other OooH- Stock. I lit II France,] Totat. I m Srilain, Fartif/n wtte. it II NewOrleaua •n,(i07 1,4^5 781 1.846 15,689 33.537 Mohlle None. None. Nono. None. Nouo. 7.999 V. Cluirleaton .... None. None. Nono. 800 800 6,559 Savannah .. ... Nouo. None. None. 200 200 7,570 OaiVi^HtOD.. ... None. None. None. None. None. 10,940 Norfolk S.UCO None. Nonp. 600 5,flOO 4,016 New York.. 9,&00 800 3,000 None. 14,200 242,478 Other ports 5,000 None. 1,000 None. 6,000 33.010 Total 1886. 31,107 2,255 5,081 3,446 42,489 346,099 Total 1885 9,242 3,821 11,334 299 24,740 286.175 I Total 1884 14,101 736 4,073 818 19,728 I 323,507 The speculation in cotton for future delivery at this market has been more active for the weeir under review, with prices «« making some advance. Crop accounts were somewhat un- o H* • *^'^ 9 MM 9 M*^ 9 MM 9 I ».«; I *a: »w; •r': «»; I I 1 I m?: favorable, from the excessive rains over the whole South, ex- 0„ . <1„ -I E to I -^1 I 9*' 1 oto: «.>3: iMdeB. For immediate delivery the total sales foot up this wee k A" I o 00 totooto tooc eotooto tD«oCO totoe 6,767 bales, including 4,401 for export, 2,366 for consumption, I 06 00-J oa tOM 00 oe CO for speculation and in transit. Of the above, 100 bales to — — toto 5 toto tooo 5 0000 io 2 00 2" 6066 2 66 2 were to arrive. The following are the official quotations for toto MM •• H.CO •* ODOO *• -'o ! I SjP-: a.to: w.w: 6-" aa: 1 I i «ar; day of the past week. 01 .— each log COCOoCS tococco tocopto totopcc OOtCptO tOCDpOD 2' 606 ppop o66p ppCp 6660 UPLAND8. NEW ORLEANS. TEXAS. |I> CO 0.ff. .U lOi^ OJ CwO* ^ tOM O June 19 to to toto 5 toto 5 coco coto 5 ecco ^ toto June 25. Sat. Ulon'Xnea Sat. MonjTaea Sat. Mon Toe* oa 9 06 2 id 2 oi 2 do 01-4 " V,M <* KtO •< 100 8I3 to Ordln'y.^^B) 6ifl 619 611,6 611,6 «li]e I : 9»: I I 611X8 61., co- a la.-: I a I a.": 99 f Strict Ord.. 719 718 7ifl 718 7>8 to CD 6i5ia 615,, 615,6 718 So cotcoco tOCOptO COtOoCO tocooco (Jood Ord.. 7^8 T'e 81,8 81,6 81,6 81,8 81,8 *-o 6,0'^a o6©6 6606 6606 6606 Btr. G'll Ord 85,8 85.8 85,8 81a 8i« 81* 8I9 8i« 8i« 00 Str.fJ'dMld 10 IOI4 IOI4 I a.-; I a.u: I I [101,8 101,8 103,8 10>4 10 H 103,8 "2 I a.- la 9\ «: Mldd'g Falri 10% 107,6 109,6 1038 1058 jl0»,6 1058 10»8 Ci Ppci ppj COCOptO to < I ' Fair Ill llHia 113,6 III4 11>4 |H3,8 ll>4 HI4 I IUI6 o CO ' Oco coOci COCO' cocoOqo »o ' Si: CO o t* ICi^ CO *•!, M O STAINED. Sat. Xb. Frl. MonjXaea Wed to toto 1^ % 5 Sood Ordinary ^Ib. 65,6 65,6 65,8 6% "^ rfi-l^ 2 coco trlot Good Ordinary 7 7ie 718 top "* cox I : I a: Low Middling I a l«. la. la Zi^l8 713,8 7i6ie 7>5i« pCO Middling 89,8 868 811,6 PPOP PPPP f 89l6 89l8 8"l8 p UABEET AND BALES. > < 1 1 The total sales and future deliveries each day during th^ I I 1 1 week are indicated in the following statement. For the con . !«: IS: la: '*; l«; l«: I enience of the reader also which shows at a we add a column I I I li I I I: I I: li li I: glance how the market closed on same days. * InolndeB sales In September, 1885, for Sepcember, 130,200; BeptaM- ber-October, for October, 301,700; September-Kovember, for Kovambar. SALES OP SPOT AND TBAK8IT. 416,400; September-December, for Deoember, 938,200 ; Beptembeisla^ SPOT MARKET Ex- Con- Spee-Tran- Deliv iiaiy, for January, 2,004.200; September-rebnuuy, for Febnurr, OIX>gED. 1 Total. Balct. Septomber-Maroh. for March, 1,745.400; Bept«mbei^Apnl, port. tumpiU't'n til. trie*. 1,370.000; for April, 1,592,800; September-May, for May, 2,793,400. in the above table, and shall oontlnne eaeli Steady 700: 257 957 26,700 Of* We have Inolnded week to give, the average prloe of fatnrea each day for each month. It Steady 867i 143 1,010 41,800 " Firm 346 946 55,300 200 wUl be fonnd under eacn dav following the abbreviation Aver." Tk« 600; given at bottom of Finn ai.nadv... 784 637 1,471 57,300 100 average for each month for the week U also table. Orders-Satnrday. 9-100.; Monday S-lOe.; Taaedar, Steady alia adv 1.230 552 1,802 60,600 Transferable Firm 200 381 681 48,600 9-150.; Wednesday, 915o.; Thorsday, 0-200.; Friday, 9-2S0. The following exohanges have been made during the week: Total. 4,401 2,366 6,767 280,3001 300 14 pd. to exch. 200 Nov. for July. Even 200 July for September. •03 pd. to exoh. 200 Nov. for Deo. -13 pd. to exch. 1,000 July for Aojr. The dally deliveries given above are aotoally delivered tbo day •12 pd. to exch. 5,100 Jnly for Aug. .12 pd. toexehil. 100 July for Anc. previous to that on wMcti ttiey are reported. •1 3 pd. to exch. 600 July for Ang. '15 pd. to exoh. 100 Nov. for July. exob. 30O Deo. for Jan. Even 1.100 September for Jnly, are shown by the follow- .08 pd. to The Salrh amd pRicais of Futdbhs .22 iid. to exch. 100 Oct. for Aug. Even 1,000 July tor Septemben ing comprehensive table. In the tatement will be found the 13 pd. to exch. 800 Jnly tor Aug. . . 1 ! 786 THE CHRONICLE. rvoL. xui. The Visible Supply of Cotton to-night, as made up by cable bales more than at the same period last year. The receipts at »nd telegraph, is as follows. The Continental stocks, as well £8 the same towns have been 3,37i bales more than the same those for Great Britain and the afloat, are this week's returnp, week last year, and since September 1 the receipts at all the and consequently all the European figures are brought down towns are 716,165 bales more than for the same time in 1884-5. to Thursday evening. But to make the totals the complete Quotations for Middling Cotton at Other Markets.— figures for to-night (June 25;, we add the item of exports frc m in the table below we give the closing quotations of middling only. the United States, includmg in it the exports of Friday cotton at Southern and other principal cotton markets for each 18S6. Ifl85. 18S4 18S3. day of the past week. Btook at Liverpool bales. 671.000 915,000 871,000 991,000 Btoofeat London 17,000 25,000 58,000 51, BOO UTeefc ending 0I/)8INO QUOTATIONS FOB MIDDLING COTTON ON- Total Great Britain stock tJ88,000 910.000 £23,000 1,012,800 June •lb. Satur. Mon. rue». Wednes. Thura. Fri. Btook at Hamburg 5,600 5.0C0 4.100 2,900 Btook at Bremen 40,100 46,000 69,000 50,700 Galveston . . S5, 8H 8% 8^ Btook at Ani?t«rdaui 27,000 15,000 51,000 37,0C0 New Orleans. 8 »'» 400 HCO 2.400 '8 S-'s S'a S'^s Btook at Rotterdam 300 Mobile 834 8% s\ 8% 8it» 8% 1,500 1,500 2,500 8.000 Btock at Antwerp Savannah . . 81ii8 811,8 811,8 Siija 8>l,8 8.1.8 171,000 189,000 227,000 149,000 Stock at Havre Charleston . 9 9 9 9 9 7,000 4,000 0,000 io,roo •'8 8T8 Btook at Marseilles... Wilmington.. 8 b-'e avi 8% S\ Btock at Barcelona 67.000 62,000 69,000 98,000 Norfolk 9 9 9 9 9l:« 9I18 18,000 Btook at Genoa 19,000 9,000 13,000 Boston 938 938 938 914 914 ti,000 12,000 12,000 9M Btook at Trieste 10,000 Baltimore 9l8 9i8 918 9^8 93,, -Sk PhllartelpUla. 938 938 938 938 9>9 9»8 Total Continental stookg 343,800 307,900 451,500 386,030 Augusta 8»8 808 8=8 858 8»8 8Sa Memphis .... feTg S-'s S's 8 '8 8'8 TotalEuropean Stocks ....1,036.800 1,307,900 1,383,.500 1,128. SCO 8 St. Louis '8 8's 8 '8 8'8 8 '8 &'8 afloat for Europe. 26(1,000 185,000 330,000 296.000 India cotton Cincinnati . . 9 9 9 9 9 9 afloat for 168.000 71,000 103,000 187,000 Amer'n oott'n Eur pe oulsvtlle 8!\l 8% 8% 8% 8% 8% Egypt,Brazll,&c. ,afl t for E'r'pe 9 000 7,000 17,000 39.000 Btock^in United States ports .. 388.588 320,921 31!,23i 383.790 RECEIPTS FROM THE PLANTATIONS.—The foUowing table 32.817 70,016 Stock in U. 8. Interior towns.. 85.929 32,'J08 indicates the actual movement each week from the plan- Onlted States exports to-day.. 1.460 6,900 2,097 5,500 tations. The figures do not include overland receipts nor Total visible supply... 1,919,777 1,933,929 2,211,679 2,410,136 Southern consumption; they are simply a statement of the Of the above, the totals of American and other descriptions are at I follows weekly movement from the plantations of that part of the crop American— which finally reaches the market through the outports. L'verpool stock bales .=^06.000 677.000 581.000 738,000 Continental stocks 241,000 250.000 284.000 252,000 American afloat for Europe... 168,000 74.000 10:i.000 187.000 Week BeeelpU at the Portt. St'ltat Interior Tcmmt. R^c'pts .froTft PlanVnM^ United States stock £88.588 320.921 343.235 383.790 Endtng— United States interior stocks.. 85,929 32.208 32,817 70,016 1884. 1865. 1886. 1884. 1885. I 1888. 1864. 1K8£. 1886. exports to-day.. 1,460 6.900 2,097 5,500 Catted States May 21 5.?63 "i.iiVl 29,«7' 7iJ,»83 61.285 174.498 564 760 8,887 •' 88 8.l2i> 22,790' ej.Kl .'57.80-;'l5«,692 1.7,-0 Total American 1,392,977 1,361,029 1,316,179 1.635,336 e.OMJ 186 4.9« Satt Indian, Brazxl, Ac— Aloe 4 12.581 3,917i 19,837! 86.IO9' 51.911 139.84 4.519 8,988 " Uverpool stock 165.000 23?,000 290.000 253,000 11 8.10a 4,^20| 22,773: 50.E5.'> 47.70l'u8,B07 2.655 1,839 tondon stock 17.000 :i5.000 58.000 51,800 " 18 1.72S 2,877' 24.^8lj Vi.9m\ 89.!'43' 103.274 804 11.248 117,900 17O.iO0 131,000 Continental stocks 105,800 6.642 2.1.')5 14.38-3 SH.Sn! 85.972 i)«,832 R.^ai India afloat for Europe 260,000 18 i,000 330,000 296,000 Sffypt, Brazil, *o., afloat 9,000 7,000 17,000 b9,000 The above statement shows— 1. That the total receipts from the plantations since September 1, 1885, are 5,327.975 bales; East India, 40 556,800 572.9C0 865,500 773,800 Total in 1884-85 Total American 1.392,977 1,361,029 1,316,179 1,636,336 were 4,733,7915 bales; in 1883-84 were 4,773,032 bales. 2. —That, although the receipts at the outports the past week Total visible supply 1,919,777 1,933,929 2,211,679 2,110,136 were 14.663 bales, the actual movement from plantations was Liverpool 6^d. SOgd. 65i6d. Si'ad. Price Mid. Ui>l., only 5,721 bales, the balance being taken from the stocks Frloe Mid. Upl., New York.... 9'4e. lO'lfO. ll'i«o. lO^ifC. at the interior towns. Last year the receipts from the plantations fgg~ The imports into Continental ports this week have been for tlie 58,000 bales. same week were — bales and for 1884 they were — bales. The above figures indicate an inorease in the cotton in sight to-night of 1.5,848 bales as compared with the same date of Amodnt OF Cotton in Sight June 23.—In the table below we give the receipts from plantations in another form, and add 1885, a. decrease ot 261,902 bales as compared with the corres- ponding date of 1884 and a decrease of 460,359 bales as to them the net overland movement to June 1, and also the compared with 1883. takings by Southern spinners to the same date, so aa to give At the Interior Towns the movement—that is the receipts substantially the amount of cotton now in sight. the week and since Sept. 1, the shipments for the week, and for 1885-86. 1884-85. 1883-84. 1882-83. the stocks to-night, and the same items for the corresponding period of 1884-85—is set out in detail in the follovdng statement. Receipts at the ports to J'ne 26 5,247,103 4,715,039 4,732,641 5,893,048 Interior stocks on June ^5 in excess ol September 1 80,782 18,757 '9,609 63,024 Tot. receipts from planta'tns 5,327,!l7.i 4,733,796 4,773,032 5,956,072 Net overland to June 1 807,0.51 696,331 562,100 627.317 Southern oonsuiupt'n to J'ne 1 290,000 252,000 280.OOU 300.000 Total In sight June 25 6,129.026 5,582 127 5,615,132 6,883,389 Northern spinners' takings to June2-> 1,699,978 1.315,419 I,491,764ll,66'>,194 ' Decrease from September 1. Old'-' M CtOD It will be seen by the above that the increase in amount In siaht to-night, as compared with last jear, is 842,899 bales, the increase Hs compared with 1883-84 is 809,891 bales and the decrease from 1882-83 is 458,363 bales. ! -* )-* ; f cp w CS ^ M Weather Report by Telegraph.-Our reports received ;-i ec i^:-' I I ^p .^i" to-night indicate OS I '^-OJOdTc CCQOK) that over a large portion of the Atlantic and •^ to 3; 6; ^ W ;^' lO Gulf States, and in some sections of the West, there has been too much rain, and that in consequence fields are becoming quite grassy. At other points and in Texas particularly the : « IS g* totc conditions have been favorable to crop development. CO J ; Cl to C -O tc Cite wo* Qalvesiov, Texas.—It has rained on one day of the week, the rainfall reaching three hundredths of an inch. The .o I CO MKItO thermometer has averaged 81, ranging from 74 to 89. S 1 J Indianola, Texas. —We have had rain on one day of the ' ZJ> I l*»0Db3i»OOOS> K. C» -^ CX; <1 Oi *J CO CU^'CDOr'Sl I ^X Cfl — X week, the rainfall reaching twenty-one hundredths of an inch. The crop is developing promisingly. The thermometer has 8h ranged from 73 to 92, averaging 83. 9rC i'ale.^tine, Texas. —It has been showery on two days of the a o <) ^ a OS week, the rainfall reaching ten hundredths of an inch. The crop is developing finely. Average thermometer 78, highest 63 lowest 65. CO lO o^ »-* (-• W "• 92, HunVioille, Texas. —We have had rain on one day of the t^X i» *• CC0S3> X" week, the rainfall reaching fifteen hundredths of an inch. OS M -3 Qo ;;< a CO The crop is doing nicely. 'The thermometer has averaged 81, the highest being 99 and the lowest 64. Dallas, Texas. —There have been delightful rains on two days of the week, extending over a wide surface. The rain- xx«>i. 03C;(OHcnM< • co«xot< o^os < fall reached forty-nine hundredths of an inch. The crop is developing promisingly. The thermometer has averaged 80, ranging from 60 to 96. 10 O'toes cpx new M £»»-• ^o^"^-Oo. tO*J *» M CC rf*. Pi -AT N eocoa June 20, 1886.] THE CHRONICLE. 787 have had icood rains. Average thermometer 85, highest lOO Atlanta, Oeoryia.—Tf\>^f(mm not r«oe 788 THE CHRONICLE. [Vol. XLU. The Cotton Trade of Great Britain,—Our readers may- This statement shows that the receipts since Sept. 1 up to to-night are 533, 547 bales the be interested in a short article, making some euggestions on now more than they were to same day of the month in 1885 and 467,335 bales more than they were this subject, in our editorial columns. to the same day of the month in 1884. We add to the table East India Crop.—In their cottoa report, dated Bombay, the percentages of total port receipts which had been received May 31, Messrs. Wallace & Co. say: to June 25 in each of the years named. The demand from the Continent and the United Kingdom id very Jute, Butts, Bagoino, Etc. —There has been a fair demand all the that goes is against old business. small, and almost buying on for bagging since our last, and orders are coming to band, Receipts are again heavier, the bulk consisting of DhoUera descriptions, freely for season, small, in the quality of which is, on the whole, satisfactory; but there is no accu- quite the and though the lots are mulation of stocks of this growth, as nearly all arrivals are shipped as the aggregate considerable stock has been taken. Prices are also keep eoiuing down soon as received from up country. Oomras steady and sellers are quoting Q^@6%c. for l}4 lb., 7@73 Stamarj . 543,393 475,757 487,729 752,827 487,727 671,701 Norfolk.... 1.307 2,169 3,476 Wtbraary. 414,656 261,449 385,938 595,596 291,992 572,728 Newport N. H24 824 Baltimore.. 1.286 '.'.'.".'. '.'.'.'.'.'. "206 '.'.'.'.".". 1,466 Wbaeh... 283,645 163,503 241,514 482,772 257,099 476,582 Boston 3,593 3,593 prU.... 202,866 103,375 111,755 284,519 147,595 284,246 Phlladelp'a 644 641 toy 133,147 35,575 45,918 185,523 113,573 190,054 Total... 27,788 2,570 784 2,400 3,668 1.499 1,350 40,059 Total 5,172,345 4,701,86* 4,752,791 5,815,712 4,551,808 5,549,410 Below we add the clearances this week of vessels carrying Pero'tage of tot. port cotton from United States ports, bringing our data down to 31... 96-43 receipts May I 98-44 97-99 9661 9447 the latest dates: This statement shows that up to May 31 the receipts at the New Orleans—For Liverpool- June 18—Steamer Satumlna, 5,510 .Tune 19—Steamer Governor, 4,383. ...June 22—Steamer Carilj- ports this year were 470,481 bales more than in 1884-85 and bean, 2,618. 419,554 bales more than at the same time in 1883-84. By adding For Havre—June 19—Steamer Marseille, 3,789. to the above totals to May 31 the daily receipts since For Barcelona-June 22—Bark Alejandro Bosch, 873, Charleston— For Cronstadt—June 19- Bark Ore. 2,100. time, shall be able to reach an exact comparison of that we Boston—For Liverpool—June 14—Steamer Norseman, 3,464.... June the movement for the different years. 16—Steamer Pavonia, 1,121 June21—Steamer Palestine, 2,794, For Yarmouth—June 21—Steamer Dominion. 25. 1885-86. 1884-85. 1883-84. 1882-83. 1881-82. 1880-81, Baltimore—For Liverpool—June 17— Steamer Nessmore, 2,177 June 22- Steamer San Juan, 650. June 19—Steamer Breniena, 300. TotMySl 5,172,345 4,701,864 4,752,791 ,815,712 4,551,808 5, 549,410 For Bremen— PniLADBLPHiA—For Liverpool—June 22—Steamer Lord Gougb, J'ne.l.... 3,700 625 8. 8,474 2,361 5,376 For Antwerp—June 22—Steamer Nederland, " 2.... 2,016 695 2,056 1,498 2,720 3,905 Below we give all news received to date of disasters to vessels « 8.... 2,591 301 2,828 8. 2,401 6,351 carrying cotton from United States ports, &c, " 4.... 4,324 297 528 4,127 8. 5,842 TYNEM0I7TH, steamer (Br.)—There were landed at Hailingen, on Jnn6 Tynemouth. " 6.... 2,696 1,396 868 4,920 2,656 8. 9, 135 bales cotton from steamer The operatlODB were going on briskly. " 1,146 6.... B. 5,175 4,100 3,32: 4,790 Bbbtha, bark (Ger.), which put into Fayal March 26, In distress, while « 7,,.. 4,650 B. 1,043 3,589 2,245 6,129 on a voyage from New Orleans to Bremen, and subsequently oon- auction 22. In " a'".'. 3,313 609 8. 5,163 2,002 3,306 d«mned, was sold at May The cargo remains deposit. " 9.... 2,805 556 2,002 3,236 2,903 4,381 Cotton freights the past week have been as follows: " 10.... 3,710 418 713 B, 1,865 4,984 " 250 11 5,599 EOS 2,489 8. 3,793 Satur. lion. Tutl. Wednes ThW$. Fri. « 12... 5,698 1,750 593 5,563 3,105 8. " 13.... 8. 392 3,489 2,908 2,190 6,754 Liverpool, Bteamd. »143'S2 »04®^33 »f4®532 9c 4 3 638 >8i»»e4 16»«M « 14.... 3,957 B. 329 1,642 1,88C 5,719 Do eail...d...... " 15.... 6,444 422 B. 5,73: 1,865 3,741 Havre, steam....!!. »16 ^la =16 61a ^8 "le •' 16.... 2,414 310 545 1,586 2,753 3,260 Do saU c...... • ...... „ -••> Il32 " 17.... 4,164 462 2,107 B. 13,299 4,951 Bremen, steam.. e. »33 "33 "33 "33 "sa *• 18.... 2,204 168 204 i;913 B. 2,709 Do sail e. ..•> ..•• ...... " 19.... 2,986 1,093 553 2,356 1326 8. Hamburg, steam.o. He 'ta 5l6 Oie hi "w •• 20.... 8, 1,332 987 1,719 4,223 4,597 Do 8all....e...... - — ...... 30- 35* 35* 35* 35* 35' " 21.... 3,9tJ7 B. 236 1,353 1,514 3,790 .Vmst'd'm, steam.e. «22.... 2,305 217 8. 3,436 1,358 3,793 Do Ball...o...... " 23.... 1,363 33 72' 1,356 2,808 4,004 Reva), steam d. lS84»73j iSeia^aa I3a4»'3a 13e4®'32 i'e4a''32 l»64»'lf " 24.... 1,741 82 695 B. 956 4,589 Do Ball d ...... •• ...... J^,39,, "28.... 1,995 48 830 2,133 B, 3,868 Baroelona.steame. ^ni^u >«39l6 >4®9l« isa9i8 >i®»l« Oenoa.steam d. ISp^STsj 13,4914 \\im\ "64® "4 1364 8^4 i8e4»«4 Total 5,247,193 4,714,646 4,779,868 5,885,040 4,612,06,'. 5,650,042 I4 "4 Trieste, steam... (f. 1564® "4 1^4314 1=64® ^ 16f4®l< 1664® 1664 9 Feroentage of total Antwerp, steam, rf. ^ % ^ Ifl Ifl port reo'ptfl J'ne 2 98-71 98-51 97-77 97-71 96- 19 ' Per 100 lbs...... June 26, 1886.] THE CHRONICLK 789 Liverpool.—By cable from Livori)Ool, we have the followlna Indian com has been almost nominal on the *iiot, owing to statement ot the week's saloe, atooks, fto., at that port. We the add previous weeks for comparison. extreme scarcity of prime sample*. HlKhsr piloM mf paid for small parcels as wanted, but fntorca have bsm doll Junei. June \\. /uiw 18. Junetii and somewhat unsettled, tbongh showing some tlNBCth ia to-day's dealings. Balna of tlie week... bales' 66,000 67,000 28,000 ftS,000 Of wlilili nxpnrtera took .... 3.000 2,000 1.000 3,000 OAILT OLosnro raioM of ho a mixbd coan. Of wliloh AptHuilHtora took.. 6,000 12,000 1,000 6,000 Sat. Man. Tutt. Wtd. Tlmrt, fti. Balea Aiuerican 42,000 46,000 21.U0O 43,000 In elevator — { Actual export 2,000 4,000 4.000 July delivery 4fli4 iii^ «ai« Forwarded 3,000 isu H^ 40% 12.000 14.000 0.000 8,000 ^UdUKl dHlverr 4AH 45^ 4A>% 45<« 4Aia 2% X*tal atock—Eatliuated 654,000 643,000 6e«.ooo 671,000 B<.i)t.iiil.or delivery 48 48 46 45^ 4S'S 4«'« Of which Ainerloan—Eatlm'd 490,000 480,000 495,000 506,000 October dellvsry 46^ 46% 4«i« Totallmport of the week 92,000 60,000 57,000 64,000 OaU have latterly mled firmer, Of which American 77,000 43,000 41,000 59,000 prime samples an not pUnty, amount afloat 24»,0O0 232,000 233,000 219,000 while the the demand has improved, owing in part to the Of whlob American 120,000 104.000 131,000 102,000 scarcity of com, but the only decided advance is in whit« The tone of the Liverpool market for spots and futures each oats. The supply to-day was moderate and the market day of the ending week June 25, and the daily closing prices stronger, of spot cotton, have been as follows: DAILT OlrOSINO PRIOBS Ot HO. 3 OAT*. Bat. Hon. Tuet. Wed. I*i«r». Firi- Spot. Saturday Horutay. Tutiday Wedtui Thur$d'y. ntdan. Jnne delivery 33 33 33 33 33>i S3>< July delivery asss aSU 33>« SSM S3>4 33>t Au^uat Market, Moderate Moderate dellverv 32 sm 83% Sfg 31% 31% ( Dnil. Steady. 12:30 P.M. demand. demand. Firm. Steady. September delivery 3l 30% 31 31 31 31i« ^ Rye has recovered part of the Mid. Upl'da 5i« 5i« 5i« 5ie a late decline. Barley molt Mid. Orl'na. 6'ia 53,a 53i9 53,8 is firm for prime qualities, Canada peas are lower. Balea 8,000 i0,0'.>. 8,000 10,000 10.000 10.000 The following are the cloeing quotations: peo.&exp. 500 1,000 1,000 500 2,000 l.OOO ruxra. Future*. nne Vbbl. $2 00« 2 75 Soath'noom. aztraa.. $3 40* 8 79 Dull Saperflue Market, / at Dull at 2 75*3 30 Boathem bakers' and 1-iM de- Dull. Spring 12:30 P.M. Steady. I.S4 ad- Firm. Qt let. wheat extras. 2 85» 3 50 family brands 889* 4 89 5 cline. Tan ce. Ulnn. dear and Btra't. 3 659 4 60 Bye Dour, auperttne.. 3 25* 8 40 Market, Diill Barely Dull Very Wlnterahtpp'Kextras. 3 25* 3 70 Fine 2 309 3 70 bat but 8tea4y. Barely VlnterXX 4 p. M. Bteady. steady. teady. & XXX.. 3 759 4 75 Oom meal- firm. Arm. Patents 4.'i0» 5 00 Western, *e 3 40* 3 75 ^vitliem snoers 3 009 3 40 BranAywlne, Ao.... 3 3 75 The opening, highest, lowept and cloemg prices of futures at 70* Laverpool for each day of the week are given below. These prices are on the basis of Uplands, Ljw Middling clause, unless Wheat- Rre—Western.... 60 61 Otherwise stated. Spring, per bnsli. 75 9 87 State and Canada. ..61 83 Spring No.2 81 rA« prices are given 9 83 Oats-IClzed 32 or in penet and 6Uhi, thus: 4 63 meant Red winter. Mo. 2 84isi> 4 63-64d., and 3 01 meant 5 l-64d. 8^^ White 87 • 44 Red winter 75 9 89 No. 2 mixed 33%* 34<4 White 73 9 87 No. 2 white 38%* 40 8ai., June 19. non.. June tl. Tnea., June'22. Oom—West, mixed 35 9 .50 Barley Malt- West. mix. No. 2. 49 • CO Oanada 90 *1 10 West, white 45 9 50 State, two-rowed... 73 * 80 Ortn Bith Low. ClM Optn High Lov). Olot. Op The receipts of flour and grain at the seaboard ports for the BREADSTUFFS. week ended June 19, 1380, follow: Fridat, p. M., Jnne 25. 1886, Flour, WKeal, Oom, OaU, Barley, The market for flour and meal has been dull. The weather At— bblt. buth. friuA. buth. tmth. bueh. New York 119,001 1,200,700 133,950 901,600 9,46!) has been unfavorable to the local trade, and there was nothing Boston 59,906 79,658 123,690 254,142 in the foreign advices to stimulate the export demand. But Portland Montreal 23,201 166.20G 218i894 40.i02 prices, although showing some weakness and irregularity, are PhUadelphla... 18,133 80,072 93.515 133,956 Baltimore 20,789 52,016 354,932 18,000 1,300 without quotable decline. Richmond 2,755 6,920 42,288 4.389 The wheat market has been quite active. The purchases New Orleans... 12,407 1,500 205,102 231,665 for export have been large, local millers supplied their wants Totalweelc... 256.192 1,887,072 1,122.371 1,183,854 10,668 week '85.. 213,824 1,101,071 1,330,543 1,194,630 629 0,807 to a fair extent, and speculation has at times been quite Cor. from the several seaboard ports for the brisk; all this, however, without leading to any improvement The exports week ending June 19, 1886, are shown in the annexed statement: in values. The visible supply has decreased rapidly, and in some sections the yield from the opening harvestings of Bxportt Wheat, Oom. FUmr. OaU. J^ Moa winter wheat falls below the average. Crop accounts have from— been somewhat mixed, but adverse results of speculations for Biuh. Bfiih. BbU. Btuh. Am*. ButA. New York 929,827 394,037 61.041 23,784 8,602 19,778 the rise still are Ei» fresh in the minds of operators that few Boston. . 133,635 76 48,988 30364 16,014 News. III"! are disposed to anticipate or permianent imp);five- N. any marked MoutreiU. 173,853 196^969 19,954 83.927 26',47"3 ment in values. To-day an easier opening was followed by Phlladol.. 73,493 9,600 714 Baltlm're 140,612 298,835 63.6)1 a recovery, but the business for export was smaller. N. Orl'na. 121,652 600 OAILT CI.08IM(} PBI0B8 OF MO, 2 RBD WnTTEa WHEAT. Rlohm'd Wed. Thurt. Sat. Hon. Tuet. m. w-k. 1,506,420 l,015,16i» 197,948 144.S75 8.602 In elevator 84i« Tota 85 84% 84% 85 84% 8'me time Jnly delivery 84-'8 84'!8 8438 84 >« SSH 84>s 1835. 670,818 862,456 165,260 98,978 3,188 4.44« August delivery 85is 84^ 8478 841a SIH 84^ Bepteuilier delivery 86>4 85ia 85»9 81% 85 December delivery...... SQOs SS's 88»8 88>4 87'8 87''g of these exports is as below. Januarj- delivery 9031 90 89% 89 >6 88'8 89 The destination We add the Maydellvery 95 94% 93'8 93 >t 93 93 eorreeponding period of last year for oompttrisoo. : : » : M ' 790 THE CHRONICLE. [Vol, xm. Hour. Wheat. Com. June 19, June 20, June 21, Jun,e 23, Srporti Stock of Print Cloths— 1886. 1S85. 1884. 1883. tor week 1886. 1885. 1886. 1885. 1886. 18SS. Held by Providence manuCrs. ^8,000 44 9,000 318,(iOO 137,000 Week, Week. Week, Week. Week, Week, Full Kiver manufacturers... 105,6oO 336,000 467.0 63,00O Providence specul.ators 151.000 June 19. June 2 >. June 19. June 20. June 19. June 20. 324,000 285,000 515,000 Outside speculators (est) 20,000 2u0,000 160,000 75,000 Bblt. Bblf. BUMh. Bu'h. Buth Buxh. Total Un.King. Iiu,a32 126, --O^ 950,395 550,534 757,619 635,821 stock (pieces) 344,000 1,369,000 1,230,000 .590,000 Contln'nt 2,846 66v 556,025 96,500 227,396 153,069 Prints were in irregular demand, but indigo blues continued B.*,C.Am 10,530 14,77 20,021 44,176 W. Indies 17,-172 17.S8^ 400 8.478 16,077 fairly active and a better business was done in dark fancy- 1,204 Brit, col's 16,572 6, 19.5 1,200 prints, considerable shipments of which were Ot]i.o'n'te 196 56b "23,3¥4 455 7,109 made by cheap transportation routes, in order to economize on freights. rttotal... 197.941! 165,30 l.,503,420 670,818'I,015,169 862,456 Dark dress ginghams were more sought after and fancy- The visible supply of grain, comprising the stocks in granary crinkled seersuckers and staple ginghams were in good the principal accumulation at lake and seaboard Mi points of demand by package buyers. ports, and in transit by rail and water, June 19, 1886 : Domestic Woolen Goods.—The recent sharp Wheat, Com, Oats, Bye, Barlei, advance in bush. bush. In itore at— bush. bueh. bush. the raw material has caused a better feeling in th ; woolea Jfew YorK.... 2,921.613 2,01.*, 1-25 1,148,493 51.809 1,522 Do a9oat.. 560,000 goods market, and values of manufactured goods have slightly- A'hany 1,000 52,500 24,066 18,500 eiobo appreciated in some instances, while pricts generally Biflao 1,737,959 330,758 20,513 12,636 19,90J are Do afloat.. steadier than for some time past. The situation as regards OiloaKO 8,161,853 2,4l)7,5i»4 296,671 12,920 28,709 clothing woolens Do afloat has not materially changed. The demand Mlwaukee 2,868, 708 11,115 54,193 for cassimeres, worsted suitings, overcoatings, etc. , was mostly Co afloat Dalutli 5.156,332 confined to small duplicate lots of specialties, but there Do afloat was a good steady movement on account of Xoledo 679,809 335,0'>3 24'692 2",6so back orders. Detroit 744,119 4,040 11,179 525 Satinets, Kentucky jeans and doeskins were severally in fair Oswe«o 70,000 130,000 , 65,586 76.361 Bt. Louis... 301,647 1,460,032 02.819 20,971 10,9S9 request and prices are firmly maintained. Cloaking^, Jersey Clnolnaatl 97,000 7,000 15,000 20,000 7,000 cloths and stockinettes continued in moderate demand, and Boston 129,0S9 109,068 327,718 2,203 18.949 Toronto 378,1.55 8,093 16,231 desirable makts are steadily held by agents. Soft wool dress Montreal 114,272 66.591 42,593 10,881 619,211 fabrics, PhlladelpUa 228,314 96,801 201,272 also all-wool cashmeres, serges, dia^^onals and staple *Peorla 1,221 96,1300 251,352 11,957 537 worsted dress goods were fairly active, and leading makes are IndlaaapuUs ..... 75,903 7,030 18,300 Kansas City 20^,508 119,255 355 217 under the control of orders for montlus to ome. Flannel* Baltimore 1,945 ...... H7,854 459,230 and blankets were decidedly active in MinaeapoUs 3,'282,511 more agents' hands, and Paul 8t. 822,<;0O prices are very firm along the whole line an 1 in exceptional Oq Mississippi... 36,060 23I51V6 On lakes 618,810 1,142,907 213,000 instances a trifle higher. Carpets were la m iderate request On canal 1,024,000 448,200 12, 10 J and opening quotations are firmly maintained. Wool hosiery, Tot. June 19, '86. 30.909,101 9,383,335 2.730,992 283,833 252,089 heavy wool underwear and fancy knit woolens were in steady Tot June 12, '86. 32,424,186 9,:iS6,885 2,596, 8-!l 304,6.i0 24.5.227 demand, and values firm. T>t. June 20, 'Sft 37,330.40) .5,906.297 3,759,449 187.291 181,475 remain Tot. JunB21,'8'fH4.993.053 8,530,645 3,394,108 467,285 294,245 Foreign Det Goods.—As usual at this time of the year the Tot. Juue 22, •83t 20.210,434 14,631,577 4,345.492 1,873,492 474,001 demand for seasonable imported fabrics was chiefly of a hand- * > this week's not received. Last eek's stock; to-mouth character, and light in the aggregate tiliuu< apuUs and He. Paul not included. amount. Staple foreign fabrics are steadily held in this mrrkct, anl THE DRY GOODS TRADE. advices from Great Britain and the Continent state that orders for all-wool dress goods cannot be placed save at a NKW York, Friday, P. M., June 18, 1886. con- siderable advance upon recent quotations, the recent ap- The market for dry goods has shown a fair degree of anima- preciation of fine wools having led to this result. the week under review, a good many additional tion during Importatlona of Dry Ooods. buyers having arrived from distributing points in the South The importations of dry goods at this port for the week ending June 24, 1886, and since and Southwest. There was a fairly satisfactory business in Jan. 1, and the same facts for the corresponding periods are as follows: the mo3t staple cotton and woolen fabrics of home manufac- 3 H ^ ture, and an increased demand for fall goods, as ginghams, Flax 8Uk E £ Wool uaniuao 23 Cotton dark prints, dress goodp, &c, was experienced by the com mis- Ifilll t g> "1 a ^ at f: : 0: S sion houses. Foreign goods ruled quiet in first hands as usual |i : h 1 • • "^ 9 . tares • li ! ; • a li the season, and no material improvement ia B* at this stage of I 1 ! * • J 1 a I ,' mi : : I 3 ; : : : : : S the demand is looked for until later on. Lirge jobbers were •o ? i 1 13 i •ill r : : I ! ' engaged in supplying the wants of package buyers, more busily *- 1 ^ average business in domestics, prints, &o., Hf MM MM f*^ MtO ^1 and more than an (JD Kj WODOi^l :ji 'j>0 C^W P9 V M**- — COOD 1 3? 03 to — il^Zftvv^to a ro»- K)MO>Oi — to C0*-O«tOGD was done in this connection, but the jobbing trade in the regular M »- i 3 ^ was comparatively light, partly because of unfavorabl ^ B *03 way *- 'I-J (0^«>>i^O 0. ^TO ^1 CD 01 if^ ;; to M CO 'OO l^auU ;§ latent cnt. SauKs attA 9nnUtxB <8tot at 9eni ^^ovli. OI°.\it'rKi{t.V HlilMtU'r Ol' TilK HANK »V I'lIK MTATU UV NKW BANKS. PWILiAPBLPIIIi Rt!«KBB«. li'OIIK nil llii' niiirulni; ot Uuiurday, tho luili :. <>vorilru!t,s. , I'lm e 03 CHICAGO, ILLINOIS. No. 4:i7 trilMTNUr HIKKKT, Due Iriiui t ii-i». SUito ttntl PlilL.%DKLPHIA. niittiiriiil I ^Iioitulo 122.1IS0 UO Capital, Siir|ilii«, l!i.-'.n,(>00. 1^300,000. Membaraof tha Blink. hV.Mii . |.. .,.'hil.f'.>«4.(K)() Oi) l-hllad Total $ 13,832,312 04 ATLANTA, GEOH«IA. Piiii.Anp.rpiiiA. LIABn.lTIES. Dtnitnateil Capital stock paid In, In casb (800,000 00 Ocpotitary of tht UniUd Staltl. Piirplus I'limt 200,000 00 • - BALTIMORE KA>Ki:it<. liKlivUli'd ]>roflt8, vif.: Capital und Surplus, $300,090 00 I>i:' Hit 00 $2,813 Accounts of Bank'*, Merchants, Corporations K\.li:i.,;C 198 1)9 and Individuals respectfully solicited. Inl.'ris. 16.714 BJ Collections promptly made and remitted for. Wilson, C olston & Co., iilh.T i.n.rttB 14T„S16 44- 167,S38 12 Will act as aKOiil for the Investment of idle Uue di'i'i'?.itors iis folluws. and viz.: •orplus funds of Ranks or Individuals. nANKER.S AND BKOKERS. Deposits slllijoct tiicheck.».S,,S32.334 47 our active (Members or Uuliiuiore Hto<'k KicLangt), Deniaiul In and Krowinif city money Is always In cerlltjciite.s of de- Jt'mand. tiiir rates reasonable. us posit 1.950 70 Olve a trial. BALTLnORK. CenlHeil checks 8,649644 t« 12,488,930 13 SnEU.MAN' S. (INVRSTME.VTandliOUTIlKK.VBECURITina Due trust c-iiipanles. State and national jEWETT.Pre". JOSIAHjKWKTT.V.Pres speeialty.) banks, us Wii,! lAM C. COKNWKU, Cashier. pt-r schedule 104,960 80 Correspondence aollclted and Information for. IJue private hankers and brokers, as nisned. per sctiodule 2»,«61 80 Bank BujfFalo, V V. Correapondent.—MeKIm Bmf'erii A Co. Unpaid divtdtnds B,-.'25 (10 of CAPITAL, - ...... $300,000 ToUI (13.862,312 04 Robert Oarrett 6c Sons, State of New York, rity and County of New York, «.; BUFFALO, N. Y. R. L. KinVAUD.s, BANKERS, President, and JOH.N H. ItOLS- This bank has superior facilities for TON, Cashier of the Bunk of Stale of miiklni; collec- the New tions on all accessible points In the United Sriites. York, a bank lowited und dointf business at Ko. No. 7 SOUTH Canada and Kurope. Liberal terms extended to ac- 8TRBBT, 35 Str«>-t. William in the city of New Vork, In counts 'f blinkers mid merchants. said count y, bclnif duly sworn, siilth each for hlm.se1f. CoiiiiK-i'oNiiKVTs.— .\eiv York. National Shoe BALTIMORE, that the forc{:olntf report, with the .schoilule accom- A I.,eatlier Hank: Union Hank of Ij- ndun. panviiig the s.iuie. is in all respects a true statement TRANSACT A OBSRRAL DOMKSTIO AND of tne condition of the said bank befo e the trans- T. BI.AIKWELL, 1". FOKEION BANKI.VO BlTSINiS88. action of any busness on the 19th day of June, W. I'rest. A. Wll.EV. Cashier. 1886. to the beat of his knaivledRe und belief: and they further sny that the business of said biiiik lias The Bank of Durham, lieen transacieii at the location mentioned, ami not WESTERN BANKERS. elsewhere; and that the above report is made in DCRWAItl, N. C, cpmpliance w.ih im ollic'al notice received from the Superintenitoni of tlie Kankin? Department drsiu- Pay Special Attention to CoHectiong. natlnBSHlur.luy the lOth dav of June, 1SS6, as the FIRST-CLASS FACILITIES. Lamprecht Bros. & Co., W^xm ^oxtQnQcs. %xxsnxvincz. NORTH- Real Estate Mortgages on City and Farm Property, worth two The Union Trust Co., WESTERN to four times amounts of mort- fra^es. interest ti per cent to 611 AND CIS CHESTNUT STREET, GUARANTY 7 per cent* principal and inter- est absolutely guaranteed. Se- PHILADELPHIA. OFFICEJOF THE curities for guaranty held by the Capital LOAN CO.. Authorized *^'Sffi'ffiS American Loan & Trust Com- Paid-up Capital --— 600,000 MINNEAPOLIS. pany, of Boston, Mass. Acts as Executor, Administrator, Assignee, etc.. Send for circulars to and executes trusts of every description known to Paid-Up Oiipital, NEHER & CARPENTER, All trust assets kept separate from those of the ATLANTIC Bankers, Troy, N, Y. Authorized Capital Company. ,^ ^„. S'^fOOO.OOO. Eastern Managers for Company. Burglar-Proof Safes to rent at iS to $80 per annum. Wills kept in Vaults without charge. Bonds, Stocks and other valuables taken uader guarantee. _ .,_.,-,,, 6% 7% 8% Paintings, Statuary, Bronzes, etc., kept In Fire- Mutual Insurance Co., The American In-Festmcnt Company* of Km- Proof Vaults. metsburif, Iowa, incorporated with a paid-up capital Money received on deposit at Interest. and Mitchell, of $300,000, with branches at Uuron JAS. LONG. Pres't. JOHN G. RBADING.V.-Pres't. Dakota, ^)ffer first Farm Loans in Iowa, MortgaKe MAHLON S. STOKES, Treasurer* Secretary. Minn., Dakota, and Neb., both Principal and Inter- D. B. PATTERSON, Trust Officer. NEW yORK, January 23, 1886, est Uunrantfcd. Also 6 i)er cent Debenture Bonds (obligations of the Company), running 10 year-s se- DrBECTORS.—James Long, Alfred S. Giilett, Joseph The Trustees, In conformity to the Cliarter of Price, cured by Mort^'aKe loans deposited with the l>ler- Wright, Dr. Charles P. Turner, William S. Patton, John the Company, submit the following Statement canllleTrUHl Co., N. A^, It also issues Demand John T. Monroe, W. J. Nead, Thomas K. Agnew, M. 1>., Certificates of Deposit at 5 per cent Interest. Write G. Reading, Wm. II. Lucas, D. Hayes of its affairs the TheodorC. Engel, on Slet December, 1885: for pamphlet and references. Jos. I. Keefe, Robert Patterson, Edward L. Perkins, Premiums on Marine Risks Home (Iflice, Emmetnbnre, lovra. Jacob Naylor. Thos. G. Hood, from Riddle, Glen Riddle, Pa.; E. S. Ormsby, Pres., 130 Nassau St., N. Y. Paii^ADELniiAi Samuel let January, 1885, to 31st Dr. George W. Reilv, Harkisbuho, Pa.; J. Simpson Africa. Uunti.xodon; Henry S. Bckert, Reading; December, 1885 $3,856,618 66 Mifflintown; W. W. H. Davis, Edmunds. Doty, Premiums on FoKoiea not marked Dotlestown; R. K. Monaghan, West Chestkb; Chas. W. Cooper, Axumtown. ofl Ist January, 1885 1,339,525 10 T B United States Trust Co. H Total Marine Premiums $5,196,143 76 OF XE W foKK. Provident Life&TrustCo No. 49 A'AI.I. STREET. Premiums marked off from 1st OF PI]ILAI>EI.PniA. January, 1835, to 31st Decem- Capital and Surplus, • - - $6,000,000 Incorporated Third Mo.. 22d, 18B5. (CHARTER PERPETUAL.) ber, 1885 $3,770,094 30 This company is a lesai depository for moneys paid CAPITAL, $1,000,000 Into court, and Is authorized to act as guardian or Losses paid during tbe game trustee. „ ASSETS $15,621,530 63. INTEREST ALLOWED ON DEPOSITS, period $1,915,020 67 which may be madeat any time, and withdrawn after INSURES LIVES, GRANTS ANNUITIES, RE- fire days' notice, and will be entitled to interest for CEIVES MONEY ON DEPOSIT, returnable on de- Returns of Premiums and Ex- mand, oron which interest is allowed, and is empow- the whole time they may remain with the company. penses $776,712 42 Executors, administrators, or trustees of estates, ered by law to act as EXECUTOR. ADMINLS'TRA- and females unaccustomed to the transaction of busi- TOR.'rRUSTEK, GUARDIAN, ASSIGNEE, CO.M- MITTBB, RECKIVKK, AGENT, etc., for the faith- ness, as well as religious and benevolent institutions, viz.: ful of The Company has the following Assets, will find this company a convenient depository for performance which its capital and surplus money. JOUN A. 8TEWAKT. President. fund furnish ample security. United States and State of New WILLIAM H. MACY, Vice-President. All trust funds and Investments are kept separate and apart from the assets of the company. York Stock, City, Bank and JAMBS S. CLAUK, Second Vice-Pres't The Income of parties residing abroad carefolly otherStocks $9,034,685 C OoUected and duly remitted. TRUSTEES: loans secured by Stocks and Dan. H, Arnold, W.W.Phelps, JohnH.Rhoades, SAM'L R. SHIPLEY, President. Thomas Slocomb, D. Willis James, Anson P. Stokes, T. WI8TAB BROWN, Vice-President. otherwise 1,438,60 ASA 8. WING. Vice-President and Actuary. Charles E. Bill, John J. Astor, Robt.B. Minturn, Real Estate Wilson O. Hunt, John A. Stewart, Geo. II. Warren, and Claims due the Wm. H. Macy, S. M. Buclt'gham Geo. Bliss, Company, estimated at 530,000 00 CUnton Gilbert. H. E. Lawrence, William Libbey, Metropolitan Trust Co., Daniel D. Lord, Isaac N. Phelps, John C. Brown, Premium Notes and Bills Re- Samuel Sloan, Erastus Corning, Edward Cooper, MlUa Building, 35 WaU St., New York. ceivable 1,508,143 53 James Low, 8. B. Chittenden, W.Bay'rdCuttiug Chas. S.Smith. PAID UP CAPITAL, $1,000,000. Cash In Bank 228,897 88 HENRY L. TUORNBLL, Secretary. Designated as a legal Depository by onler of Su- preme Court. Heceive deposits jf money on interest, LOUIS G . HAMPTON. Assistant Secretary. Amount $12,740,326 set aa fiscal or transfer agent, or trustee for corpora- 46 tlODB. and accept and execute any legal trusts from persona or corporations on as favorable termjs as Union Trust Company other similar companies. SIX PER CENT INTEREST on the outstand- THOMAS IIILLH0D8B, President. ing certiflcates of profits will be paid to the OF TSE'W YORK, FREDKitic I). TAPPEN. Vice-President. WALTER J. BRITTIN. Secretary. holders thereof, or their legal represeutatlves, Broadway, cor. N. Y. 73 Rector St., on and after Tuesday, the 2d of February next. CAPITAL,- ...... $1,000,000 THE OUTSTANDING CERTIFICATES of 8CRPI.IJS, - ...... $2,000,000 the issue of 1881 will be redeemed and paid to Authorixed to act as Executor, Administrator the holders thereof, or their legal representa- Guardian, Receiver, or Trustee, and is OK L,¥ A LEGAL DEPOSITORY FOR MONEY tives, on and after Tuesday, the 2d of February Accepts the transfer agency and registry of stocks, neit, from which date all iaterest thereon will and acts as Trustee of mortgages of corporations. Direct Line to France. Allows interest on deposits, which may be made at cease. The certificates to be produced at the any time, and withdrawn on five days' notice, with time of payment and canceled. Interest for the whole time they remain with the company. «ENEBAL TRANSATLANTIC CO. A DIVIDEND OF FORTY PER CENT la For the convenience of depositors this company Between IfOKK and declared on the net earned premiums of the also opens current accounts subject. In accordance NEW HAVRE. with its rules, to check at sight, and allows interest From Pier (new) 42. North River, foot of Morton St Company, for the year ending Slat December, upon the resulting daily balances. Such checks pass Travelers by this line avoid both transit by English railway and the 1885, for which certificates will be issued on through the Clearing House. , discomforts of crossing the Channel In a small boat. and after Tuesday, the 4th of May next. TBUSTBES: LABllADOH, P. d'HaHterive.Sat.,June26, Wm. 'WTiitewrlght, James M. McLean, 1:S0P.M. LA BOUKGUGNE. Frangcul.... Sat. July By order of the Board, Henry A. Kent, Ambrose C. Kingsland, 8.7A.M. LA CIIAMP.\(iNK.Traub....S.->t.,July 10. 1:30 P.M. R. T. Wilson, James 11. Ogiivie, LA NOH.V. A N 1)1 K. Kersabiec.Sat., July 17.8.80 A.M. J. H. CHAPnAN, Secretary. Wm. r. Russell, 8. T. Fairchild. ST. LAL'RE.N'T. Dardlgnac C.D.Wood, I.H. Frothingham. Sat.. July 24,4 P. M. La Bourgogne (new), Aug. 7; La Champagne (new), James N. Piatt, George A . Jarvis, Aug. 14; La Normandie, Saturday, Aug. 21. D. C. Hays, C. Vandcrbill, PRICI OF PASSAOKIinclnding James. Forsyth, A. A. Low, wine);—To Havre- George First cabin. $100 and »80; second cabin, $80: steer- Cabot Ward, G.G.Williams,' age, $22—including wine, bedding Bdward King, R. 6. Renisen, and utensils. Re- turn tickets at very reduced rates. Checks on B. B. Wesley, J. B. Johnston, Banque Transatlantique, Havre and PariB,ln D. H. McAIpin, Edward Schell, amounts to suit. TRUSTEES: George B. Carhart, Aniasa .1. Parlcer, Special Train ttotn Henry Stokes, Samuel K. Barger, Havre to Paris. J. D. Jones, Adolph Lemoyne, Robert Lenox Kennedy, Geo. C. Magoun. The Compagnie Gcnerale Transatlantique delivers Charles Dennis, Robert B. Minturn, EXECUTIVE COMMITTEE: at Its ofSce in New York special train tickets from Whitewright, Havre to Paris. Baggage checked through to Paris W. H. H. Moore, Charles H. Marshall, Wm. G. G. Williams, without James M. McLean, K. B. Wesley, examination at Havre, provided passengers have the same delivered James Low, Frederick H. Cossitt, J. B. Johnston, C. D. at the Company's dock in Wood, New York, Pier 42 North D.C.Hays, A. C. Kingsland. Kiver, foot of Morton St., A. A. Raven, Wmiara Biyoe, at least two hours before the departure of a steamer. EDWARD KING, President. Wm. Sturgis, John Elliott, JAMES M. McLean, First Vice-Pres't, I.OIJIS DE BEBIAN, Affent, H. Field, James JA.MKS ll.OGILVIE, Second Vice-Pres't. No. 3 WotvUng rSreen. BeAlamln O. Qe Forest* A. O. RONALDSON, Secretary. JoBiah O. Low, Charles D. Leverlch, Thomas B. Coddlngton, John L. Biker, The Brooklyn Trust Co. William W. Porter, William Degroot, N. Denton Smith, Cor. of Monta^ae & Clinton Bts., Brooklyn, N. Y, Attorney and Coun§cHor at Law Horace Oray, George Bliss, This Company la authorized by special charter to WiUlam E. Dodge, Henry E. Hawley, aet as receiver, trustee, guardian, executor or ad- No. 623 WALNUT STREET, ministrator. William H. Macy, William D. Morgan, It can act as aprent In the sale or management of PbiladelpUa, Pa. 0. A. Hand, Isaac Bell, real estate, collect Interest or dividends, receive Corporation, Transportation and Commercial registry and transfer books, or make purchase and Law. John D. Hewlett, Edward Floyd-Jones, Bale of Government and other securities. Rkpkrences:—The Trust Companies, The Natlona Religious and charitable institutions, and person? Banks and Railroad Companies in Philadelphia, and WlUlam H. Webb, Anson W. Hard, Judges of anaccustomed to the transaction of business, will the any of theCurts. Charles P. Bordett, Thomas Maitland. find this Company a safe and convenient depository for money. KIPLEY ROPES. President. Edmund W. Corlies, KDMUND W. COULIES, Vice-Pres't. TRUSTEES. Henry K Sheldon, JOSEPH JOHN D. JONES, President. E. CI LLOm Josiah O. I>ow, F. Knowlton C.D.Wood, Alex. M. White, John T. Martin, Wm. H.Male A. A. Low, CHARLES DENNIS, Vice-President. a2-„'"'S»,T„^"' ni.piey J?.op?».' Alex. McCue, John P. Holfe, AtJram Bllaviia c STEEL PENS Mich. W. H. H. MOORE, 2d Vlce-Prea't. Chauncey, B. W. Corlies, Yi xvTMixweW..Maxwell. ^Ar'AU: DEMfRarlMgiisMvr'ftc Wm. B. KeniSli.H.B.PIerrepont.^'' WORLD JAS. aaaa Cdbbak, Ssoretary. ^ayfcOMEatt PARja EXPoaiTiON»-iB7a. A. A. RAVEN, 3d Vice- esldent ' ' : June 26, 1886.] THE CHRONIOLB. %usnvmicz. Segal Notice. %/t9A Notice* EQUITABLE ^-'SAI.BOKTHIC PROPRRTYOrTHie DfCNVrr* LIFE ASiilTKAIVCE SOCIETY, h lllO (iltANDB IIAII.WAY (OMI'A.NV equltjr. -rUAKI.RS ., 120 BKOAJJWAY, NEW YORK. K. WOMUIHHoKKKK otliemtri. TIIK UKNVMUA KIO (}KAN1>K UAIi^ HENHY B. HYDE, President. WAY CoMI'ANYanil othom. Nu. I.Mll. -Nnltp« i* horubyKlvuii that undur and pumiuuil tu « Uvorv* urvar, Iiicat«. conMi ASSKTS, .lANrAHY Int. 1888 t«e,9e8,887 M »t«Ml<1 I.IAUII.ITIBM. 4|>eruaut Valuutlon .. fi8,a»l,14887 entered tn the atM>vo ontltlod otaao by the (Ironlfa route (kt '••iv in sJwiiiSilVo? Court uf the Unlt«d8tat«« fur the DUtrtot of (V>lo- poratlf>T' HlIBl"l,l'S »lS,W2,23»ia FHdo.imthenrtlMlKy of Mat, IHSH, Aodln exnculton (Snrplua on N. Y. Standard ihi per cent uf thu powur (iT Intoreiit, » 17, 405, 320, 40.) khIo oontianed In a certain deed nf '•4.arai4_ truKt (luted the Hrtt day of Jaooary. 18W), and of two MiliiwnMmu. In Sttrpttuovrr UabilitUa^onneruttandanl of wilua- advanX'u « pony. ' dated November 89M. 10BO. and Mpiember SDth. 1880, >pb III wtalatiw; Nkw AsscHAXrE In 18RS «Ofl.on,S7800 all executed by the said Tbe Denrer A Hlo Grande MilidtBti laraad r*- "I I 1 AMilMi A^sriiAMU 3ri7.:i.'lM.24C (K) nuUodAr •IIMI ll»ilwKy Company, I'lf-ii riilil r..llcy-H..liliTs in 1886 7,)»H,(H.1< 06 to ub ae Tnuteea. default haTln« tbarsnr. > r.ihl l'nll.y-l£(ililur»!ilnccOrgaiilt«tlon 88.^11,178 88 occurred In the payment of the principal and Inter- ertr, p."-' III X6,0tfO,05318 wed .t law h» In equitjr, preaanl or IMO.MK X88S est of the bonds scoured by said deed of Trust, we rsllwajr oompuir. of, b, MMl la Ih. will, on the twelfth day of July. 1880. at Denrer, part or ths mama aod srsry pwMJ .rs l>purt«nsoca«, all book.. SMsa, i The United States Life Colurudo, at the front door of the ofllce of the nhope docninantii, raoalpta, onUtandlnv da at Ilurnham of the Denver A Hlo Graode Itallway ralatInK to laM rallwar or ths bwi I MKl Company, In the City of Denver, In the State of Col- UwetlMr wttti all other llnss aai»i b«lli Insurance Co. br the s*ld defendant railroad oort>orralltin, and all orado, at twelve o'clock noon, sell at public auction the rlfthts and franchises beloncinc or< In anywUe to the hiKheet bidder, and aa directed In auld • appartoiaina IN THE €ITY OF NEW YORK. deorve thereto t aahleot.o«v«rtr:ttlMe,ae to so all and stnRular the railway property and preinlaee mach of ftaid rallwar »od tel««rapiniiM« Vk alwv*. IN 1880.) described, and tbe oqnlpmenta. franeht—, and otlMr (OROANIZUD rUht.H, franchisee and Interests, lands and appurte- property appertalnlnff tliaraia. m la MBbraead wttK 261, 262 & 263 Broadway, New York. nances of the Denver A Rio Grande Uallway Com- a certain deed of trust, boarinf data tha ihlrtMiiHi day of April. al«btaen hnndrad aod seveDtr ooa. and pany, conveyed or intended so to be. by said deed of T. H. BR08NAN, Prealdent. made and axaeatad by said railroad eooiHuir mn^mr trust, and by said two cortftin deeds of fnrf her as- its corporate a^at and tha slfnatoras of lt« Praal- dent and Seoivtary raapeotlvely. dellvarad O. P. FRAI.XISH, Seo'r. A. Whkclwbioht, Au't Beo. surance respectively, and all the right, title and and to John Kd«ar Thomson, of tha dty of PhUadaJphta Qmo. H. BDKFOHD, Actnary. interest, claim and demand whatsoever, bon4>flt of and State of Pennsylvania, and 8amoa1 M. Fattoo of equity of redemption and statutory right to AU the prollts to tbe Policy-holders redeem Philadelphia, In the Bute of Fennaylvanla, and belonc exdu- of said railway in. company, of, and to the samo, I^ouis H. Meyer of tlie dty and Stata THE CHRONICLE' [June 26, 1883. ®0tt0tl. ®0tt0tl. ^iBCjeIIatic0tt5. Walter T. Saleh, Henry P. Match. Woodward & Stillman, Nalh'l W. I. Batch. Arthur it. Hatch. MERCHANTS, W. T. Hatch & Sons, Post Building, 16 & 18 Exchange Place, INMAN,SWANN&Co BANKERS, NK1¥ YORK. 14 NASSAU STREET, NEW YORK. LOANS MADE ON ACCBPTABLK 8BCUBITIBS. ( S08 Cbapel ^^t.. New Haven COTTON MERCHANTS, Personal attention (,'iven «t the EXCHANfiES to Attention the purchase and sale of STOCKS and BONDS for Special to Orders for Contracts cash or on roarRin. FOR FCTTUBE DBLITERY OF COTTON. DEPOSITS KECEI VET)—subject to check at sight —with interest upon balances. TO Neiir York. .'fpeclal attpntiiin paid to INVESTMENTS and COTTON, ALL GRADES, SUITABLE WANTS accounts or COUNTRY BANKERS. OF SPINNERS Offered on Terms to Suit. Crenshaw & Wisner, 71 WAL,Ii ST., NEW YORK, R. Macready & Co., connissioN iherciiants. G. E. Staenglen, Members of the Cotton, Coffee and Produce Exch'a lCommission merchants, AGENCY OF THE HAXALL CRENSHAW CO., COTTON BVII^DINCi, EXCBANGE NEW YORK, STEW ORLEANS, RICHMOND, VA. NEW YOKK. Standard Brands of Flour for Shipment to Wanm AGENT FOR (Jlimates always on hand. Cotton, Coffee, Grain and Petroleum Bought and ORIENT GUANO MANUFACT'G CO., Bold for Cash, or carried on Margin, on the various COTTON COMPANY OF STUTTGART. ORIENT, L,. I. Standard Superphosphates. Exchanges in New York City. Authorized Capital, B. M. 20,000,000. SULPHUR MINES COMPANY Henry Hentz Co., OF VIRGINIA. & Pald-Up Capital, K. M. 6,000,000, High Grade Pyrites free from Arsenic. COMMISSION MERCHANTS' S Konth 'William St., New York. EXBCUTB OBDKBS FOR FDTUKE DELIVERY Williams, Black & Co., Bethlehem Iron Comp'y c o T T osr 40 and 42 Wall Street, atthe NEW YORK. LIVERPOOL AND NEW OR- 1 TTILLIAin SXBEEX, LEANS COTTON EXCHANGES. Also Orders for COFFEE NEW YORK, Manliattaii Building, Nenr fork. at the NEW YORK COFFEE EXCHANGE, and ORAIN AND PROVISIONS COTTON, CRAIN, at the NEW YORK PRODUCE EXCHANGE and the CHICAGO BOARD OF TRADE. PROVISIONS, COFFEE. B. F. BABCOCK&CO. Correspondents: COMMISSION MERCHANTS, Messrs. Smith, Edwards & Co., Cotton Brokers, ORDERS EXECUTED IN Liverpool. IT \irater Street, LIVEKFOOI., Jas. Lea McLean, New Orleans. Receive consignments of Cotton and other Produce, NEW YOKK, CHICAGO, ST. LOUIS, and execute orders at the Exchanges in Liverpool. Lehman, Stern 4 Co., Lehman, Durr & Co. Represented in New York at the office of New Orleans, La. Montgomery, Ala. LIVERPOOL, HAVRE AND SAM'L D. BABCOCK LEHMAN BRO'S, NEW ORLEANS. 32 Nassau Street, New York. Cotton Factors John L. Bhi-lahd. Henky h. whseleb. Farrar & Jones, AND Bullard & Wheeler, 132 PEARI. STREET, KEVT YORK. ooramissioN ibeiiohants. COTTON COMMISSION MERCHANTS Liberal advances made an Cotton consignments. Special attention given to orders for contracts for No. 40 EXCHANGE PLACE, NEW YORK. future delivery of Cotton. MEMBEES OF THE COTTON, COFFEE AITJ} ALSO PXODUCE EXCHANOES. BVRE, FARRAR & CO., BAGGINO AND IRON TIES, NORFOLK. VA. DP-TOWN Office, No. 204 Church Street, (FOB BALING COTTON). NeiF Y«rk. Advances made on Cotton Consignments and Special Attention given to purchase and Bale of FUTUUB Orders executed at the Cotton ExchanKes in New C0NTKACT8 OF COTTON. York and Liverpool, and advances made COTTON BROKER AND AGENT Advances made on CunsUnmeut-a of Cotton. Con tracts for Future Delivery of Cotton bought and sold Commercial Union 38 n^w. ItK !./« RATTRMK. HAVRK. on commission. JOHN H CL.ISBY &, CO., Assurance Co., limited^ Geo. Copeland & Co., COTTON BUYERS, oe london. OOTTOK BROKEBS, nONTGOniERY, AIiA. « rSARI. STREBTi f NEW YORK jPODOBASl OfKT Om QfH»m ^^ A OOMIIIHUW qffiee, Cpr. IHnt d WiOiamSts., Neu Tvrk r