AND W xmtk HUNT'S MERCHANTS' MAGAZINE,
BEPRESBNTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES
VOL. 35. NEW YORK, SEPTEMBER 23. 1882. NO. 900.
Financial. Financial. Financial. AMERICAN John 8. Kennedy. J. KsNNKDT Tod. S. Kennedy Co., DIAMONDS. J. & Bank Note Company, No. 63 WILLIAM STREET, DOMESTIC AND FOREIGN BANKERS, 14tl BHOADWAY. NEW YORK. DRAW BILLS ON LONDON. Business FotruoKD 1795. Alfred H. Smith & Co., ; Ineorporated under Lawt of State of tfevi York, 1888. BUY BILLS OF EXCHANGE. liEOBOANIZED 1879. 182 Broadivay, Cor. John St., ACT AS AGENTS KOH BANKS, IIANKBBS AND ENORATEaS AND PRlNTEitS OK UAILKOAD OOMPANIKS. STAMPS, IMPORTERS Issue Commercial Credits and Korei^n and DomesUo BOITDS. POSTAQB AND REVEHUB OF Travelers Inciters of Credit In Pounds LEQAL TBJVDBK Jc NATIONAL BAHfK NOTES Sterling and Dollars. tf the OlfnED STATES and /or many Foreitn Diamonds, Fine Babies, Sappliires, BUY AND SELL INVESTMENT SECURITIES Oovemmetits, Collect Dividends, Coupons and Foreign ard Inland and otiier Precious Stones, Dr«fU. BiNORAVUJG AND PRINTING LONDON CORRESPONDKNTS: or BANK NOTES. STATE AND RAILROAD EXCLUSIVELY. Mesan. MUltillk, Etaks & Co.: Me C. J. BONDS, SHARE CEBTIFIOATES, BILLS 01 Uahbbo a Son BXCBANOE, DRAFTS, CHECKS, STAMPS, &c. LONDON, 33 UOL,BORN VIADUCT. AND ARTISTIC STYLE IN THE FINEST MOST Miller, Francis Co., FROM 8TEEL. PLATES Lawis H. Tatlob, Jr. LINDLBT HAINES & With special safeguards to prevent OoimterfeiUnt or Alteratioiu. Special papers manufactured exclu- L. H. Taylor & Co., BANKERS AND BROKERS, sively for use of the Company. Safety Tints. Safety Papers. Bankers and BroKers, 48 WAU. STREET, NEW TORK. 140 80UTH THIRD STREET, Work Execnted In Flreprool Bulldincs* PHIl.ADEi.PHIA. CHASJI.MIIXBB. JAS.FRANCI8. BDWINJ.HANK EAILWAY PRINTING A SPECIALTY Deposits received subtect to check at slorht, and Interest allow>>d on duiiy balances. Ernest Grobsbece, Grant b. Schi.it, Railway Tickets of Improved Styles, Stocks, Bonds, &c., bought and sold on commission in Philadelphia and other cities. Members N. 7. Stock Bxcbange ITKAor without Oolwi, and Tieketa of alt Kitidt Particular attention viven to information regard- TRUSTKB8: ing Investment Securities. Groesbeck & Schley, A. a. Ooolall, President, Jos. W. Drezel. James MacdonouKh, Vice-Prest., T. H. Porter, A. U. Shepard, Vice-President, P. O. Lounsbury. C. H. Bachem, Vlce-l'rest., Chris. Meyer, BROKERS, Wm. Main Smlllie, (Late LIMBERT A CO.), J. T. Robertson, Vice-President, A. V. Stout, Q. H. Stayner, Treasurer, 0. 11. Uanfortb, BANKER AND BROKER, No. 15 WA1.I. STREET, MEW YORK. Theo. H. Freelaad, Secretary. 19 & ai NASSAU ST., NEW YORK. Banque Stocks and bonds bought and sold at the New Tork Stock Exchanee on commission. Accounts and col- Lummis & Day, lections uttenaed to. Centrale Anversoise, Nos. 8i snd 3S DREXEL BUILDING, Cof. WALL and BROAD STREETS, ANTWERP. A. Saportas & Co., BANKERS AND STOCK. BROKERS. J. Wlluam Lcmhis, UENBT DAT Paid-Cp Capital, -"^,000,000 Francs. Members of New York Stock Exchange BOARD OF DIRECTORS 58 EXCHANGE PI,AOB. Felix Orisab, President. Alvbed Maquinay (Graff a Maqninay),Tlc«-Pr6S MISCELLANEOUS A. H. Brown & Co., J. B. Von deb Becke (Von der Becke A MarsllT)> ELECTRIC LIGHT AND Otto GCNTHEB(Corneille-DaTld). BANKERS AND BROKERS, Emile de Oottal. STOCKS BOUGHT AND SOLD. Ad. Fbank (Frank, Model i, Cie.) T WraU St., Cor. New, New York. Acq. Nottebohm (Nottebohm Freres). Fb. Dhanis (Mlchlels Loos). R. A. Lancaster & Co., INTBSTMBNT SECUIUTIB8. dan. Fuhrhann, Jr. (Job. Dan. Fabrmum.) JOH. Special attention to bosineH of oountrr bank*. lA>cig WEBEB(Kd. Weber A Cle.) BANKERS AND BROKERS, . JCLSa RADTENSTRAUCH (C. Scbmid A ClOj TBANSACXa A (f« BROADWAY, NEW YORK, DEALERS IN GENERAL BANKINO BUSINESS. Flrat.Claas Investment Secnrlttes. Beasley 80VKKNMENT BONDS, STATK, CITY, COUNTY A. W. & Co., Asa p. Potter, Prest. J. *. Bddt, Cashier. RAILROAD & MISCELLANEOUS BKCUKITIEB Bought and Sold on CommissloB. BANKERS National Bank, Virginia Tax-BeeHvabU Ooupong Bought. Maverick SOVIbEBN securities a SPEClALir. LOANS NEGOTIATED. AND DEALERS IN BOSTON, INTEREST Allowed on DBPOsrrg. CAPITAI., ...... $400,000 IN VE STMENT BOKDS, 8i;RPI.tJS, ...... 400,000 Simon Borg & Co., Aoooonts of Banks and Bankers solicited. No. 98 Broadway, New York. Collections made upon favorable terms. No. 8 W^AIil^ STREET, NEW^ YORK, Government Bonds bcnght and sold. We offer a large line ot CHOICE Railroad DEALERS IN ALL KINDS OF SIX PER CENT bonds on desirable termi to Aug. T. Post, Banker, Railroad and Inrestment Securities. buyers and investors. 36 NASSAr STREET, Southern beccrities a Specialty. BU7S AND SELLS WALSTON H. BBOWN. FRBD. A. BROWN. •tate. City and County Sccnrities. Herbert P. Brown. Lansdale Boardman, CORRESPONDENCE SOUaTBD. Walston H. BroM^n & Bros stock broker, Hatch Foote, BANKERS, -offices- & No. SO BROADWAY, NEW YORK, Nassau Street, Netv York. BANKERS. No. 13 WALI. STREET, No. 20 Hall bcudino. Trot, n. Y., Private Wire. BUT KKD BELL SPECIAL ATTENTION GIVEN TO THE NEG< Connected by TIATION OF All securities dealt in at the N. Y. Stock Bzobanga noTBRNMENT BONDS, STOCKS AND MI8CBL bought and sold on commission and carried on a fair LANB0U8 SBCURIT1B8, RAII.ROAD SECURITIES. mai^cin. interest allowed on credit baluioes. : : : :
THE CHEONICLE. Vol.. SaaV.
Foreign JBxchange. Foreign Exchange. Foreign Banliers. Drexel, Morgan & Co., August Belmont &c Co., Nederlandsch Indische IVAIili STREET, BANKERS, Handelsbank, COENEK OF BROAD, NEW YOEK. No«. 19 & 31 Nasaau Street, AnSTBRDAm, HOLLAND. Isiae Travelers' Credits, available In all parts ot the Established in 1863. Drexel & Co., |Drexel,Harje8&Co world, through the Paid-Up Capital, 1 2,000,000 GaUder» Mo. 8* Bontli Third Street 31 Boulevard Haussmann MESSRS. DE ROTHSCHILD ($4,800,000 Gold.) PARIS. and their correspondents. PHILADKL.PmA . I HBAD OFFICE IN AMSTERDAM. Also Commercial Credits and Transfers of Monev DOMESTIC AND FOREIGN BANKERS. Acenolea it, Batavia, Soerabaya and Samanmu on California, Europe and Havana. Correspondents In Padan«. Deposits recelTed eiibject to Draft. Secnrlties bougiit and sold on CoD>ml9slon. Interest allowed issue commercial credits, make advances on ship ForelKnKichanxe. Commercial Ored- en Deposits ments of staple merchandise, and transact other lt». Cable Transfers. (.Ircular Letters for Trayel- era, available in all parts of the world. Jesup, Paton & Co., bnslnesB of a financial character In connection wltb the trade with the Dutch East Indies. Attokneys and Aobnts o» measrs J. S. HIORGAN dc CO., BLAKE BROTHERS &. CO., No. 22 OLD BEOAD STREET, LONDON.- Agikts roK North America, 52 'William Street, Neir ITork. 18 WALL STREET, NEW YORK. Brown Brothers & Co., Accounts and Agency of Banks, Corporations, m STATE STREET, BOSTON firms and individuals received upon favorable terms. No. 69 liVAIil. ST., N. V., and remitted. BUY AND SELL Dividends and interest collected The City Bank, Act as agents for corporations in paying coupons B1L.L,S OF KXCIIANOE and dividends; also as transfer agents. (LI2iITED.) ON GREAT BRITAIN AND IRELAND. PRANCB, sold on OKRMANT. BELGIUM, SWITZKKLAND, NOR- Bonds, stocks and securities bought and LOin>0]W, E!MGLAKD. SWEDEN AND HOLLAND. commission, at the Stock Exchange or elsewhere. WAY, DENMARK. Aiithorixed Capital, .... - iE4,000,000 Sterling Exchange and Cable Transfers bought Issne Commercial and Trayeiers' Credits Snbscribrd Capital 3,-iOO,000 and sold. - SOU.OOO IN STERLINO. Paid-Up Capital, LONDON. Reserve Fund, £330,000. ATAILABLE IN ANY PART OF TUB WORLD. BILLS ON THE UNION BANK OF And in Francs, In Martinique and Ouadaloupe. HEAD OFFICE, THREADNEEDLE ST. RAKE TELEGRAPHIC TRANSFERS S. G. & G. C. Ward, BRANCHES: OF mONEY AGBNTS rOE Bond Street. London, Tottenham Couit Road BSTWEEN THIS AND OTHER COUNTRIES. Lud^ate Ulil, London, London. BARING BROTHERS & COJTIPANY, KniKhtsbridde, London. PaddinKton, LoTidon. MAKE COLLECTIONS OF DRAFTS drawn Uolborn, London, Aldi(:ite, London. abroad on all points in the United States and S3 WALL STRKB-r. NEW YORK. Old Street, London. Canada, and of Drafts drawn In the veneral buslnesa Countries. The bank, while conductlnK the United States on ForeiKn 38 STATE STREET, BOSTON. of LondonBankerd,KiveH special attention to the af^enoy of Foreign and Coionliil Banks. W.Seligman&Co., Kidder, Peabody & Co., A. a. KENNEDY, Manager. J. & B A N K K K S, BOSTON, MASS., Bank of Australasia, (INCORPORATED 1835.) No. 28 BROAD STRS:£T, Cor. Wall and Nassau Sts., New York. No. 4 Threadoeedle St., Loudon, Encland, Neiv Iforlt. FOREIOK BANKERS. PAID-UP CAPITAL, £l.iOO,000. UNDIVIDED PROFITS (IncliirtlnB Guarantee and Issae Letters of Credit for Tratelers, Reserve Funds) £453,114. CABLE TRANSFERS, BILLfl OF EXCHANGE Letters of Credit and Drafts issued on the 07 Payable In any part of Eturope, Asia, Africa, Aus- brandies of the Bank in the Colonies of Queensland, AND New South Wales. Victoria, South Australia, Tasma- feralla and America. COMKEKCIAI. AND TRATEUEBS' CBEDITS. nia, and New Zealand. Bills negotiated or sent for Draw Bills of Exchange and moke TeleRraphlo Collection. TeleKraphic transfers made. Deposits Transfers of Money on Europe and California. received in London at interest for tlxed periods on 00BRE8F0NDENTS terms which may be ascertained at the office. PRIOKAUX SKLBY, Secretary. John Munroe & Co., BARING BROTHERS & CO., London. PERIER FRERES •& CO., Paris. No. 8 Wall Street, Hong Kong & Shanghai New York, MENDELSSOHN & CO., Berlin. No. 4 Post Office Square, Ro«ton, BANKING CORPORATION. NEW YORK : LONDON PARIS CHEQUES AND CABLE TRANSFERS ON CAPITAL (paid-up) 18.000.000 S]:^.'e"qu^™Y. W.RnSSELLWlSB. T.E. DAVIS. RESERVE FUND «.350,000 milNROE & CO., PARIS. BEAD OFFICE, BONO KONO. STERLING CHEQUES BILLS SIXTY William Heath & Co., The Corporation Krant Drafts, Issue Letters of AND AT Credit for use of Travelers, and negotiate or collect DAYS' SIGHT ON (Established 1861.) Bills payable at Bom bay, f'iiicul la, SinKapore.SatHOn BANKERS AND BROKERS, Manila, li.mg Kong, Foochuw, Amoy, Nlngpo ALEXANDERS & CO., LONDON. Shanghai, Hankow, Yokohama, Ulogo. San Francis- No. 80 BROADTFAY, NE%Y YORK. CO and London. CiBdrLAS Nona a° Cbsdits pok Tbavbuiks. A. M. TOWNSEND, Aarent, 47 William ^•l. Members of New Y'ork Stock Exchange. Stuart Co., FOREaGN EXCHANGE. CABLE TRANSFERS. J. & J. & Adolph Boissevain & Co. 83 NASSAU STREET. William Heath & Co., BANKERS BILLS OF EXCHANOE ON and 10 Tikrogmorton Ave., Ijondon, Ens. corainissiON itierchants, SmiTH, PAYNE & SmiTH'S, Draw Bills of Exchange and transact a general BANKERS, LONDON; financial commission business. Particular attention AMSTERDAM, HOLLAND. nANCHESTEK & COUNTY BANK, given to American Securities. " LIMITED j" N. Y. Correspondents—Mes.srs. Blake Bhus. A Co. MANCHESTER, PAYABLE IK LONDON William Heath & Co., ; ULSTER BANKING COMPANY, No. 8 Place Vendome, Paris, Gerhard & Hey, ' BELFAST, IRELAND Orders solicited for London and American markets V A L,. A2n> OK THS R E for investment or on margin. Hallway, State and City OFFICES AT NATIONAL BANK OF SCOTLAND, Loans negotiated. BDINBirBQ, AND BRAJJCHKS LEIPSIC, BERLIN, MOSCOHr, J. H. B. E. ALSO. 'SOADBY & WALKER, NIJNI-NOVGOROD, during the Fair. CABLE TRANSFERS AND LETTERS OF CREDIT JOINT AGJJNTS Commissioners & Forwarding Agents, Knoblauch Canadian Bank of Commerce, SHIP BROKERS. 16 EXCHANGE PLACE, Undertake to cash Bills, Advances and Freight- all orders In the line of Banking, BUY AND SELL STERLING EXCHANGE, CABLE Amounts : execute & Lichtenstein, TUANSFKRS, ETC. Commission iind Forwarding Business on the most CREDITS, moderate terms. BANKERS, ISSUE COMMERCIAL AVAILABLE ' are requested to address vessels bound IN ALL PARTS OF THE WORLD. Ship-owners B9 WUIlam St., cor. Exchanse Place, for Reval unto the care of NEW YORK. GERHARD & HEY, Make Telexraphlc Money Transfers. Schulz & Ruckgaber, KEVAL, RUSSIA. Draw Bills of Exchange and Issae Lettera of BANKERS, Credit on all principal cities of Europe. 16 EXCHANGE PLACE, NETT YORK Canadian Bankers. SPECIAL PARTNER, CORRESI'ONDENTS OF THE DEUTSCHE BANK, Berlin. International Bank of London (Limited) London. J. U. LlATHAM. F. W. PBKBT. Gzowski & Buchan, Messrs. John Berenberg, Gosaler ic Co. Latham Hamburg. Stock BBOKEBa, J. H. & Co., Bankbes and UNITED BANK BUILDING, CommeretalaiidTnivelers'Credlts. Bills of Exchange Cable Transfers. TORONTO ' CANADA. 2 WALL STREET. Prompt attention given to Collection of Commer- INVESTMEIST SECURITIES, cial Bills and Canadian Funds on all points In Cana- R. T. Wilson & Co., da; American and Sterling Exchange, and Stocks, sold. ' Oily, Bailroad Canadian Bankori. NeMT EnslBud Banker*. Baltimore Banker*. Merchants Bank Bank of Deposit, Robert Garrett & Sons, OF CAIVADA. 84 Devonahlre BOSTON.dcVO Water Sta., cor. opp.F.O. BANKERS, Capital, • • $5,700,00« Paid Up. Interest on iteponls rutyjeet to eheek. No. 7 SOUTH STREET, Prei-ldent, SIR HUOn aT;I,AN. Bonds and other investments bought and sold. Vlco-Keeldent, UOBKIST ANDEK>ON, Bsq Correspondence invited. BALiTinORE, HEAD OPPICE, MONTKEAl,. Orders executed at lloston and Xew York Stock TBXNSACT A OENERAL OOMEgTIO AND OKORGB IIAGUK, General Muniiiicr. Exchanges, of which we are members. FOUKIUN BANKING BUSINESS. J. H. I'LUMMEH, Superlntondent of Brunchea. BANKERS: J. W. MiDDExnoBV, yr. b. OLiran, c. A. ALsnin, LONDON, BNO.—The Clydesdale Bunk (Ijlmlted.) F. A. Hawley & Co., Members Baltlflnore Btock Bxobange. of York, B. NKW YOKK—The Bank New N. A. BANK S. The New York Asroncy bujra and sells SterlInK Ex- Middendorf,Oliver & Co ohanue, <:Hble Transfers, Issues Credits available In • AND BROKERS, all parts of the world, mukes collections in Canada Parker & Stackpole, BANKERS uf mnd elsewhere, and issues Drafts payable at any 8. W. Corner German W. J. BUCHANAN, General Manager. Dealers In Commercial Paper, Governmoct ant. other flrat-clasB Bonds and Securities and l<\rciKn Southern Bankers. SEW YORK OfFJCE, BxohanKo. Prtvate TeleRraph Wire to New York ami Bopton. TB08. P. MILLER, It. D. WILLIAMS. JSO. W. MILLZB Noa. S9 dc 61 WALL ! Agents In London ; I Agents In New York; B08A^QITET. SALT & Co., Bank of Montbkal, R. H. IMAURY & CO., 73 Lombard Street. | 5» Wall Street. Thomas & Shoemaker, STOCK BROKERS", Promptest attention paid to collections payable In any part of Canada. BANKERS AND STOCK BROKERS, KK'UAIOND, VIRGIMA, Approved Canadian business paper discounted at 134 8outh Third St., PillLADET.PIlIA. Buy and sell Oovernment, State, Municipal and the Head Office on reasonable terms, and proceeds Railroad Bonds and Stocks, ^c. Virginia State Tax- remlttedlby draft on New York. Dealers In all issues of United States Bonds. Receivable Cuupnns bought and sold. All orders Investment Securities a speciulty. Correspondence promptly attended to. New York Correspondent. VBRMILTII A CO. AGENCT OF THB Invited and full informatloD npon financial subjects furnished. k MEECHANTS' NATIONAL BANK, Ba n RICHMOND, VIRGINIA. or Collections made on all Southern points on best E. W. Clark & Co., terms ; prompt returns. JOHN P. BRANCH, President. British North America, John F. Glenn, Cash. Fbed. R. 8coTT,Tice.Prest B .1 N K K H S , No. 53 WALL STKEEX. Na. 33 South Tkird Mirecl, Pliiladelphtm. TIIO!VIAS BRANCH & CO., Bay and sell Sterling Exchange and Cable Trans- DBALER3 IN CAR TUUST3 AND OTHKR IK- BANKERS AND COMMISSION MBRCHANTS, fers. Issue demand drafts on Scotland and Ireland, VE8TMKNT SECURITIBS. RICHMOND, VIRGINIA, also on Canada, BrltUh Columbia. Portland, Oregon, Information on all classes (>{ Southern Securities, Stocks and Bonds bought and sold on Commtaslon especially State Bonds, flan Francisco and Chicago. Tax Coupons. Ac. Cor- respondence solicited. Bills collected and other banking business trans- acted. 1). A. MCI'AVISII, Agenta. W. LAWSON. A. P. Turner & Co., Western BANKERS, Bankers. New England Bankers. No. 207 Walnut Place. PllILADEKPIlXA. Qovernment, Stute, Manlcipnl and Hallway Bonds P. F. Keleher & Co., and Stocks bou;;ht and sold at all the KxcnanKes. 305 OLIVK SXKEKT, ST. I^OIJIS, Mo Perkins, Dupee & Co., Investments prudently made in sound railway se- curities. Collections promptly attended to. Flrst-cIass Western Investment Securities for sale Correspondents carofull? represenied at Auctions St. Louis City and States of Missouri, Kansas, Texas (Fojmerly CaAS. A. Sweet & Co.), and Private Salos. Bond ;of «ood but not well- Arkansas and Colorado Bonds a specialty. Full In- known railroads always wante'1 for Investments nt formation given tn reference to same on application. BANKERS AND BROKERS, tne best rates. OrdeiM on m-.irtfins not entertuiui d. Coupons and Dividends collected. No. 40 STATE STREET, Baltimore Bankers. Jarvis, Conklin & Co., BOI^TON, MASS. KANMA.S CITV, MIS.SOURI. FIRST MOKTOAOB LOANS upon improved Dealers In Municipal, State and Rallrood Bonds." ohn A.Hambleton& Co farms in the best p^irtionsof Kansas and Missouri, J w.irth from three to six tlm -s the anioun* loaned. BANKERS AND EUOKEKS, InterestTand 6 per cent semi-annual, and always oollected a^ d retuitteU to investor free uf charge. Brewster, Basset & Co., No. 6 SOVTK STREET, Over a million U liars loaned and not a dollar lost. Savings bank-^. cuUeges, estates and private Indi- BALTIMORE. viduals who want SAVE and PBOFITABLB invest- BANKKRS, ments, write for circular and full Inforraution. Connectti by Special Wire uilth yew Torh and Phila- delphia Correspondents. No. 35 CONGRESS STREET, 0. P. PINZKL, ) 8TAT1S BANK, IC.T. WitKMI President. { Incorporated Transact a General Banking Business. 1870. ( Cashier. BOSTOIW. and Sell Commission In this Buy on and other cities Germ an all descriptions of Stocks, Bonds and Bank aCSMBKR^ OF THK NBW YORK AND BOSTON Securities. , LITTLE ROCK, STOCK KZCHAN0B8. Special Atteution ^iren to Inre^tinentg ARK. CAPITAL. (Paid-in) ...... Sr3,000 Loans negotiated and advances made AI,BO, on upprored SURPLUS, ;M,0O0 oollatenils. Oealcn In Manlcipal, State, Uallroad and Prompt attention given to all business in our line Deposits received subject to check at sight. N. Y.COKKEijPONUENTs—Uonnell, Lswson kOo.. United State* Bond*. Collections on all points In U. S. and Canada. and the Metropolitan National Bank. IT THE chronicle; IVoL. XXX7 IVestcrn Bankers. Financial. Financial. BHBUMAN S.jEWBTr,Prc8. JOSIAH JBWKTT.V-Pres Nelson & Noel, WiLLIAU C. CuuNWBi.1., Cashier. Caldwell, Hay & Washbubk BANKERS, of Buffalo, BAJJKERS & BROKERS, Bank UNITED BANK BUILDING. CAPITAL 8300,000. ST. l,OUIS, Mo., Broadway and Wall 8U BUFFALO, N. Y. DEALEBS 1:1 Transact a general Banking Business, including the facilities for maklne ool- This bank has superior Purchase and Sale of all Securities dealt in at th» Hnnicipal Bonds and Commercial lectiuaa on all accessible yoints in the United Paper. States, Canadii and Europe. Liberal terms extended New York Stock Exchange. to accounts of bankers and merchants. Interest allowed on deposits subject to sight draft For Bale, desirable SECURITIES FOR INVEST- York, National Shoe & CORKE8PONDKNT8.—New Chas. B. late Caldwell. MENT, paying B to 8 per cent net. Oorrespondence Leather Bank of London. Caldwklu West & Bank; London, Union Silas C. V. solicited IIa y. Member N. Stock Exchange. Lanbi.vo C. Wasuudbu, late Wfaittingham tt Messrs. Kountze Bros, New York Ctorrospondents. Gwynne & Day, Waabburn. Sam'l A. Gaylord, (£8tabll8hedl854.] No. 45 VVall Street. Taintor & Holt, ST. I.OUIS, Transact a general banking and brokeraeo bust BANKEKS, nets In Railway Sbares and Bondi ana CJovernmeDt DEALER IN WESTERN SECURITIES securities. No. 10 WAI,!, STREET, NEW YORK. Interest allowed on deposits. and City Bonds of TRANSACT a GENERAL BANKING business. Defaulted County, Township InTestmentfl carefully attended to. DEPOSITS received and INTEREST allowed on MtssourL Kansas and Illinois bought at best rates balances. Investment Seoarltiw tor sale. Correspondence Geo. K. Sistare's Sons, Bujr and sell QOVBRNMBNT, MDNICIPAX. and •oliclted. RAILROAD Bonds. 17 NASSAU ST., NEW YORK, Private telegraph wires to Providence and Boston TII£ WESTERN DEALERS IN O. B. TAINTOR. OBO. H. HOLT. Farm Mortgage Co., FIRST-CLASS IJMVESTMEIWTS. Wood, Huestis & Co., KANSAS, cash or on mar- LAWRENCE, Buy and Sell on Commission, for 31 PINE ST., NEW YORK, Offers to investors the best securities In the market. gin, all securities dealt In at the New Vork Stock BANKERS AND BROKERS, FIRST MORTOAUE LOANS UPON IMPROVED Exchange. FARMS. Interest and principal paid on day of ma- SUCCBSSOKS TO turity in New York. Funds promptly nliicod. Large Interest allowed on dally balances. &. DAVIS. experience. No losses. Send for circular, references All deposits subject to check at sight. WOOD and sample forms. F. M. PERKINS. President; J. T. Execute orders in all securities listed at the New WARNB, Vlce-Prest.; L. H. PERKINS, Secretary; Particular attention to orders by mail or tele- York Stock Exchange. For Sale, CUAS. W. GILUSTT, Treas. N. F. HART Auditor. graph. FIBST-CLASS railroad " IST MORTQAOK BONDS. GBORQB C. WOOD. C.U. HUESTIS. L.M.8WAN Thos. M. THOiiNTOJf. Wm. W. Thornton, Cash W. F. THORNTON &, SON, "Geo. H. Whipple, (Established 1858,) BANKERS AND UROKERS, cAj.cillo.iCi^^. No. SS WALL STREET, 8HELBYVILLE, IIXrNOIS. NEW Y'OEK. Collectlonsmado in Shelby and adjoining Counties ftnd Proceeds remittetl on Day of Payment. ELECTRIC LlOIir STOCKS. RBFEKBNCES—National Hank of Commeroe.New York. Union N'Jtional Bank, Cincinnati. Third CAJ Co. EDISON, BRUSH, UNITED .STATES, FULLER National Bank, St. Louis. Traders' Bank, Chicago. Indiana Banking Company, Indianapolis. STOCKS FOR SALE. B A ]W K E R S , No. 18 W^AIil. STREET, Calilornia Banks. NeTF York, N. T. Beers, Jr., Transact a General Banking Business, including TUB the purchase and sale of STOCKS and BONDS for cash or on margin. Itrooklyn Sccuritic§, City Bonds. Anglo-Californian Bank Buy and Sell Investment Secnrities. Ga« Stocks, &c.. (LIMITKD). P. O. BOX 2,647. A. M. Kidder. WA YLAND TRASK. H. J. Morse. LONDON, Head Office, 3 Angel Court. W. CHILL. No. I NEW STREET, SAN FRANCISCO Office, 432 California St NEW YORK. NB'W YORK Agente, J. & W. Selieman A Co. BOSTON Correspond'ta, MaesaohuBetts N. B'k. To Investors. Authorized Capital, - $6,000,000. BROOKLYN AND NEW YORK Paid up and Reserre, - 1,700,000. SECURITIES. Transact a general banking business. Issue Com- & So* FRANK B. BEERS, CITY BONDS, mercial credits and Bills of Exchange, available in BANKERS, GAS STOCKS, all parts of the world. Collections and orders for 38 Broadway, cor. Exchange Place, N. Y 16 Court St, 31 Pine St., RAILROAD Bonds, Stocks, etc., executed upon the most favor. Branch OOlcc, 1^28 l.a Salle St., Chicago. BROOKLYN. NEW YORK. STOCKS. able terms. FRKD'K F. LOW, J ^laoaKe"Mansu^ers TRANSACT A GENEUAL BANKING BUSINESS, ION ATZ STKINAART, ( INCLUDING THE I'URCIIASE AND SALE OF p. N. LILIENTHAL. Cashier. STOCKS AND BONDS kOK CASH OH ON MAll- GIN. BUV AND SELL INVESTMENT SECURI- Fred H. Smith, TIES. INTEREST ALLOWED ON DEPOSITS The Nevada Bank SUBJECT TO CUECK AT SIGHT. BANKER AND BROKER^ P. O. Box «7. 20 BROAD STREET, XEW YORK. OF D. A. boODT, C. W. McLELLAN, Jk. No. Becbkn Leland. F. G. Salxonhtam,. UAlliKOAI> SECUaiXlES SAN FRANCISCO. *w .—.—^ knowledKe of all for the past New York Agcucjr, 62 Wall St. (An Intimate 10 Years v (olXlJ^S.pOUDEN Ej^ipS. A SPECIAL TY. SURPLUS, INVESTED IN U. S. BONDS y Investors or Dealers wishing to buy or sell are 84,000,000 GOLD. invited to communicate. State, Municipal and Ituilwuy Uonrtu and Coupuna bougat and sold at best GEORGE I.. BRANDER, Agent. Marb:et Rates. I8SDB6 Commercla and Travelers' Credits.avall- JohnPondir, EduardMertkns. AUG. Nathan able in any part of the world. Draws EKCha'nge, Foreign and Inland, and makes Transfers of Money sell Commission GOVERNMENT by Telegraph and Cable. Purchase and on Pondir & Co., and RAILROAD BONDS and STOCKS, and all Financial. classes of Securities dealt in at the NKVy YORK stocks, Bonds & Inrestment Securities, STOCK BXCHANGK, or all reputable Securities 20 EXCHANGE PLACE, NEW YORK. ESTABLISHED bought and sold in the OPEN MARKET. LOANS and COMMERCIAL PAPER negotiated. Interest Orders executed on the London and European 1864. markets. paid on DEPOSITS, subject to check. Coleman Benedict & Co. Stewart Brown's Sons, No. 2-1 BROAD ST., NEW YORK, No. 38 PINE STREET, STOCKS AND BONDS, BANKERS, NEW YORK. MKMBERS OF THE N. Y STOCK IUi:CHANaB B 17 1 1. D I N G UNITED BANK , GoTernment Securities, Stoclcs & Bonds A strictly commission business conducted in the Wall Street, Corner Broadway. purchase and sale of Stocks and Bonds on Margin BotroHT AND Sold on Commission. or for investment. STOCKS, BOyVS FtnanciHi. Financial. I'inanclal. AMERICAN Colbron, Day & Field, Cedar Rapids ist 5s. Cedar Rnpiiis Iowa Falls & N. Ist 5g, FINANCE COMP'Y, BANKESa AND BROK£B8. 915,000 TO THE niliE, 3 Thli Company is authorized bj special charter to ITANTED i «ct as receiver, trustee, guardian executor, or ad- Henry Bros. & Warfield, l&lnistrutor. Indianapolis & St. Lonls ists. It can act as a«ent In the sale or manaftement of BROKERS IN Columbus & Toledo Ists. real estate, collect interest or dividends, receive SE- refflstry and transfer kooks, or make purchase and STOCKS AND B0N08, UNLISTED Jollet St Northern ists. sale of Government and other securities. CURITIES AND MINING STOCKS, Cincinnati Richmond & Fort Wayne Stock. Kelltfious and charitable Institutions, and persons 52 BROADWAY. Cincinnati Hamilton Dayton Bonds anaccustomed to the transacllon of business, will & find this Company a oafe and convenient depository DouoLAs Henry. Charles Skton Hxnbt. for money. CUA». K. MAUVIN, Vioe-Pres't. Member N.Y. Ktock Ux. Member N. Y. Mln. Stock Ex- THUSTKKS: Daniel Warfield. For Sale.—$1,000 Williamsburg aasllght First Mort- Wm. B. Kendall, Ilenry Sanjier, Alex. McCue, gage Six Per Cent Bonus. John P. Kolfe, Chas. U.Marvin, A. A. Low. Wm. m. Earl, A. H. Dayton. Geo. II. Statneb B. F. KnowUon, Abm. B. Baylls, Henry K.Sheldon, Member N.Y. Stock Exch. Special. J. P. WINTRIXGIIAM. H. E.Pierrepont, Dun'K'liauncey. John T.Martin. GAS, INSURANCE, BANK STOCKS,&C. lex. M. White losiah O. Low, Edmund W.Corllea Earl & Dayton, Frederic Cromwell. BECURITIES BOtlOHT AT THB AUCTION SALES. lUPLKV ROPES, President. WM. K. BlJNKKK. becreiary. BANKERS AND BROKERS 36 PINE 8TKEET, N.Y. Hknrt N. Brush, Comptroller. Commerce* B9 TO 59 DREXEL BUILDING, See advertisement in the Journal of NewT Vork. Schuyler N.Warren & Co STOCKS AND BONDS BOUGHT AND SOLD STRICTLY ON COMMISSION. Oilman, Son & Co., £1 Excbange Place. and BANKERS, INVESTMENT SECURITIES. STOCKS BONDS 62 CEDAR STREET. Cltr. BoUroad, Gas, Electric Light and Miscellaneous At Auction. In addition to a Genera! Banking Business, bOT Stocks and Bonds, and sell Government Bonds and Inyestment Seoorl lio Undersigned bold REGULAR AUCTION FORDTCl! D. BAItKEH, IIENRT C, TINKSB. ties. _^_^__ Member Ijtock SALES of all classes ot N. Y. Bxch. Randall & Wierum, Barker Tinker, STOCKS AND B O ]V D S & 50 EXCHANGE PLACE, STOCK BROKERS. Brokers in Railroad Stocks and Bonds. 3 EXCBANGE COURT, NETT YORK. WEDNESDAYS AND SATURDAYS. G'^VEIUfilENTS Tl THE (HRONICLE. [Vol. XXXV. Financial. Financial. Financial. Francis Smith & Co. The New England Investment Bonds. Mortgage Security Co., Texas IHORTOAOE L,OAMS. Central R'way First Mortgage ACCRUED 7 Per Cent Gold Bonds, Inaianapolls, Ind.; ColnmbnB, ITItss.; OFFER FOR SALE AT PAR AND VIckKburg, IIIIm. INTEREST FROM JULY 1, 18SUKD AT RATE OF »15,000 PER MILE OF noutKomerr, Ala.; COMPLETED BOAB, 6 PER CENT NET. 5 CENT TWENTY-YEAR BONDS. NORTHERN, PER INTEBEST Mat and NOVEMBER, SOUTHERN, 8 PER CENT NET. ei,000 Each, Dae July 1, 1903. AT lOS AND INTEREST. C. Chew^ SECURED BY J. LonisTlUe New Albany & Chic. R'way No. 7 WALL STREET, NEW YORK. First Mortgages on ImpioTed Farms, KAILAVAYS, First Mort. 6 Per Ct. Gold Bonds, TEXAS Guaranteed, Principal and Interest, by its BONDS, LANDS, A.r. ON CHICAGO & INDIANAPOLIS DIVISION Desirable Texas Becurltlee for Investment coiif CAPITAL. STOCK OF §1,000,000 INTEREST February and Auoitst, stantly on hand AT 103 1-2 AND INTEREST. COL.i;i«IBrS CHICAGO ic INDIANA Interest Coupons payable January 1 and July 1. CKNTRAIi KAIl.WATf COMPANTf. Bonds registered to order or payable to bearer at option. Houston & Texas Central Railway information will be sent on NOTICE. A pamphlet with full SPECIAL application to the Company's Office, General Mort. 6 Per Cent Bonds, when the time limited BEFORE OCTOBER 1, 1882, 43 miLK STREET, BOSTON. Interest April and October, bT the Reorgiuiizatlon ABreement of this compajiy will expire, persons must sign the same if they desire These bonds are commended to the attention of the AT 100 AND INTEREST. to participute in its Hdvantages. hiKnatures will mo.st conservative investors, as they are believed to meantime be received at the ofBce of J. 8. Kennedy be as perfect a security as can be obtained. * Co., No. 63 WiUiara Street, or C. J. Osborn & Co., The Issue of bonds is limited by law to an amount No. 84 Broad Street. New Yorlt. not exceeding five to one on the paid-up capital. The JOHN J. CISCO &, SON, Purohasinc Committee's receipts, in exchanRe for security of each bond is not confined to a single mort- the bonds and .stoclt of the company and of Union gjige, but extends over all the mortgages owned by No. £9 Wall Street. Trust Company's certiflcates, will be ready for deliv- the Company. ,^ . „ ery on Sept. 19, 1882, at the Union Trust Company's The experience of the pasi seven years has fully office. No. 73 Broadway, New York. demonstrated the high character of the mortgages in NEW YORK LACKAWANNA & WEST- The Agreement has already been duly signed by which the Company Invests. This Company receives parties Interested to a number more than sutncient no deposits, guarantees no other securities, and has ERN RAILWAY COMPANY to make it binding. no other debts than its bonds. New York, September 16, 1882. SIX CHARLES L. FLINT, President. FIRST nORTCAGE PER CENT john's\envbdy-^ P"'-**^"'' BONDS OP 1921. J. F. F. BRE'WSTER, Treaearer. DUBU HUNT'S MERCHANTS' MAGAZINE, REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATE?. (Entered, according to act of ConifresB, In tiie year 1882, by Wm. E, Dana VOL. 35. SATURDAY, SEPTEMBER 23, 1882. NO. 900. CONTENTS In the meantime railroad earnings go on increasing notwithstanding there is so much less corn and provisions THE OHBONICLE. moving than a year ago. This is a substantial fact in Commercial The Financial Situation 331 Monetary and has developed others Louisville as a Railroad Centre 333 Kiiglish Newa 337 favor of the market. And the week An Over-zealous Odlcial 334 Commercial and MlBcellaneous as well. refer mainly to the favorable turn in monetary Becongtructi*n in Egypt 335 NewB 339 We Pork, Bacon and Lard. 336 affairs at London, especially in the particulars affecting THE BAHJCEE18' GAZETTE. this country. For instance, with the collapse of the Honey Market, Foreign Ex- : Quotations of State and Rail- change, U.S. Securities, State road Bonds 312 rebellion in Egypt, the position of the Bank of England I.ocal Securities 313 and Railroad Bonds and | New York — Stocks 310 Railroad Earnings and Bank has begun to improve materially, and with that improve- I Range In Prices at the N. Y. 1 Returns 311 Stock Exchange 341 Investments, and State, City ment the values of American stocks have risen until for | and Corporation Finances.. 345 I both New York and Illinois Cenral there is a good profit THE COMMERCIAL TIMES. in cable transactions with London. Consequently, sterling Oommeroial Epitome 348 Brea being more abundant. It is possible, therefore, that the growing stringency in our money market may find relief Thb Commercial and Financial Chronicle is published in before very many weeks in shipments of gold, an event not NexB York every Saturday morning. thought attainable a brief period since. Entered at the Post OHioe, York, N. second-class mail matter. I New Y., as | Still it is a fact that is operating here as well as abroad TERMS OF SUBSCRIPTiON-PAYABLE IN ADVANCEi against our share properties that so little is known about For One Year (Including postage) : iflO 20. the interior workings of the companies and so much of in- ForSlxMonths do 6 10. formation due the stockholders is kept for the managers Annual subscription In London (including postage) £2 7s. Six mos. do do do 1 8s. exclusively. It was with this feeling that we referred last Subscriptions will be continued liy nntU ordered stopped a written week to the meagreness of the Western Union Telegraph ordtr, or at the publication offlce. The Publishers cannot be responsible (or Remittances unless made by Drafts or Post-OHlce Monev Orders. Company's report; not that that company is the chief A neat flVe cover is furnished at 50 cents; postage i>n tbe same is 18 delinquent, but because it formerly published fuller informa- cents. Volumes bound for subscribers at $1 00. tion, and to lose one from the ranks of the faithful few, w!is a liiverpool Office. The olHce of the Chkosicle lu Liverpool is at No. 5 Brown's Build- special disappointment and almost a personal grievance. ings, where eub.scriptions and advertisements will be taken ot the E.Kception, however, has been taken to our remark about the regular rates, and single copies of the pai>er supplied at Is. each. Western Union report. But a moment's reflection will, we WILLI AAM li. DAVA. ) WILLIAM B. DANA & CO., Fnblistaers, lOHN a. FU>VI1. J 79 gave a trifling check to anticip.ations with regard to the ing up a still larger surplus for Oct. 1 on other " net" corn crop, Vjut the reaction was speedy, as the harm done figures, without giving gross earnings or any of the items, was only n minal. So too, the no-nination of Secretary which use i to appear in these reports, such as " new Folger fur Governor wag to an extent a disturbing event, construction," and "purchase of telegraph stocks and some uneasiness being fel'. as to his successor in the Cabi- patents," etc. One naturally inquires therefore, is that net. This, however, was also only a momentary shadow, surplus cash ? It must be remembered that the public was as it was soon seen to be unreasonable, with the President expecting—and thought it had been promised—an extra remaining the same, to anticipate a change of policy through dividend. Instead of a feast, therefore, the hungry a change in one of his Secretaries. But of more influence investor has this money balance held up before him much was the gradual hardening of the rates for money and as the luscious plums were held before the eager eyes of the continued rumors with regard to the disagreement the child, and one almost fancies he hears the same in the Western pooling contract. Pooling is always tantalizing refrain—" smell plums bubby ?—none for you." acting as a kind of nightmare to the market, for it is not What makes information respecting Western Union known what day rumors may become facts and peace be especially desirable at this time, is the want of light the turned to war, not only in the West lut in the East. Still public is suffering from with regard to some of tpe it is not anticipated that the present growiing has in it late transactions of this great corporation. As for anything more serious than an effort to secure terms. instance, what are its relations to the Mutual — S32 THE CHRONICLE. [Vol. XXXV. Union Company. On the 30tb of March it was Vanderbilt specialties strong and the Gould properties announced that the Mutual Union had passed into the weak. It is claimed that this condition of the market is hands "of friends of the "Western Union," and that an the result of speculative manipulation. That is probably agreement had been signed according to which the Mu- in part true, as it always is, but not wholly true. With " tual was to be operated entirely in the interest of and in regard to the New York Central the prices ruling in Lon- harmony with the Western Union Company." And yet don justified the advance, while the postponement of the we read this week that "'Chancellor Runyon of New opening of the New York Chicago & St. Louis to the loth " Jersey, at the instance of the Mutaal Union Telegraph of October and the current rumor that that road has " Company, has granted an injunction against the tele- passed into the control of Mr. Vanderbilt, whether true or " phone service at Trenton, which if sustained re- not, helped not only New York Central and Lake Shore, " quires the telephone company at Trenton to give the but also Canada Southern and Michigan Central. On the " Mutual all the advantages the Western Union other hand Union Pacific was probably affected by the " has exclusively held heretofore." Then again early last possibility of its being involved in a contest with the month at Dayton, Ohio, a suit was instituted by the Mu- Chicago Burlington & Quincy, and the fall in St. Paul and tual against the Western Union to compel the latter to in the Omahas was mainly caused by the trouble in the receive its dispatches, &c. These downright hostile acts Western pool. With regard to the weakness in the Gould so open and repeated are queer instances of harmonious stocks, report has it, that he is indisposed to take an active action ; and they become less easily interpreted when we interest in the market at present and consequently those remember the annouijcement made a short time since and stocks have declined. It is added, however, that when a apparently by authority, that the Western Union had ac- large short interest has been encouraged, he will tually bought the 40,000 shares of Mutual Union stock (a quickly let it feel his grip. As Mr. Gould does not •controlling interest) before held by " its friends," the same usually tell us or anyone else what his designs " friends " receiving in return the voting power on the or purposes are, the reader can accept just as stock by an " irrevocable power of attorney." much of these statements as he chooses. Others In view of these facts does not our suggestion seem say with regard to him, that he has at present an unusu- eminently proper that the report should be more explicit ? ally large bank balance, having rid himself of a consider- If the Mutual Union has become a rival line should not the able portion of the contents of the old tin box opened on stockholders be told of it ? Or if the Western Union has Wall street not long since. We presume this remark has bought the 40,000 shares of stock, is it not the stockhold- the same value as the others. Whatever the cause maybe ers' right to know how it was paid for, whether out of this however, the fact is undeniable that his specialties have surplus or not ? We are aware of the announcement made been weak, while the reported earnings of the roads are last April, that " the management had determined to open remarkably good. With such a crop of cotton as Texas •" a separate account for construction and investments in is making this year, and such food crops as she has already .*' new properties, and to provide therefor from the sur- secured, if business is not good in the Southwest this win- •"plus assets in the Treasury, of which there are more than ter it never will be. " 8 millions of valuable securities." But even 8 millions The highest rate for money on call the past week has is a sum that has a limit ; and as the notice of this pos- been 1 1 per cent and the lowest 4, making an average of session was a revelation to the stockholder, he may about V^ per cent. At the same time commercial paper be pardoned—in the absence of any list, full or par- has advanced to 7 per cent for the best names and short- tial, of the securities—for the skepticism implied in a est dates, and mercantile interests are likely to suffer if desire to know whether their value is little or much, for there is any prolonged activity in money. It was re- value is a relative term, and the securities may have all ported early in the week that at the Cabinet meeting on been absorbed and the surplus too by the year's opera- Wednesday some measure of relief would be decided tions. This of course is not probable, but who will say, in upon, and these rumors served to stimulate the specula- •the absence of all information, that it is not possible ? tion in stocks to some extent. But on Thursday it was Our remarks last week as well as the above are made announced that only routine business was transacted at in the interest of the principle for which we shall always the Cabinet meeting, and during the afternoon of that contend, that the management of any company has no day the report came from Washington that the Treasury right to the exclusive control and use of the information Department would neither buy nor call bonds this week at ^hich affects and governs the value of its stock. Such a least, thus disposing of the rumor that a purchase of $10,- policy is, we admit, the rule now, but it is an evil which 000,000 would immediately be made for the sinking fund. •can scarcely be measured, for it is, as already stated, From the best sources of information obtainable it destroying confidence in share property, and we may add, appears probable that as soon as the books can be made is sapping the moral sense of the community. For who up so as to see what are the numbers of the extended does not hear the remark daily now, that the short road to bonds that have been converted into 3 per cents, the wealth is to control a railroad or telegraph company Secretary will call in for redemption some of these ex- which is understood to mean that using the position so as to tended bonds, and then if necessary an order can be "milk" the street is an upright, honorable way of putting issued anticipating their payment. Such call cannot be one's hand in other people's pockets. If the London Stock made this week, and possibly not until the close of the Exchange—now that there seems to be some revival in the following week. But whenever it is made, it must prove dealings in our securities there^-wo'uld pass a resolution only partially effective as a relief measure, since called to permit no stock to be on its list which did not bonds come in very slowly, even after the call matures. publish a monthly statement full and complete of its doings The Secretary, therefore, has been urged to buy bonds and BarniDgs~rF'wotll'^ set an example which would work for the sinking fund, and hence the rumor that he referred to. The a vast amount of good/- ^^ *''^"^* *^^^ proposal will be was about to do so above requirements heeded. *_ of this fund for the current fiscal year, as stated in influences affecting values the last annual report of the Department, are $45,611,- Notwithstandino' the lea^'^^'^S favorable this week, 714 22. It is positively asserted that if bonds are pur- have, as already indicate'*^' ^^^^ the "^^^^ called chased no offer will be made to take the 4a or but slock market has been iriv^?'^*^' ^^** *^® the 4Js, . Sbptembbb 23, 1882.1 THE CHROiNltJLE, 323 that purchases will be confined to the 3^8, for the reason Germany since our last shows a decrease of 2,155,00(^ that the long bonds are so scarce or so firmly held that marks. The following indicates the amount of bullion la any attempt to buy them would most likely advance the each of the principal European banks this week and at the price beyond reasonable limits. corresponding date last year. We cannot see but that even with the purchase of bonds, gepl< 31* 1882. gept. 23, 1881. the activity in money in a greater or less degree must Oold. aUver. aold. aUtar. continue for some time at least. The requirements for the crops are very large, while business is fairly active, M M M M Bank of Kngland 21.601,665 23,S09,728 and it is natural, regardless of the Treasury and its opera- Bank of France 39.969.001 45,720.800 24,2.')9,502 49,478.949 tions, that money should be in active request, and any Bank of Oenuauy 6.741,812 20,225,438 6.720,000 20.160,000 artificial mode of supplying the want seems to us not Total this week 68.312,178 65,940,238 54^29^230 69,638,949 desirable. High rates here may draw gold from Europe, Total previous week....'. 08,410.101 05.998.745 54,128.525 70,023,082 which would be the very best kind of relief we could Ep° The above gold and sliver division of the stock of coin of the Bank of Germany Is merely popular estimate, as the Bank Itself glret no possibly have. At the same time the Secretary should be Information on that point. careful not to permit further accumulations in the Treasury. The only feature in the Government bond market has That is unnecessary and unnatural and might be very harm- been the decline in extended 58 inconsequence of th« sus- ful. On the 1st proximo, as stated last week, there will be pension until November Ist of further conversions of these $7,389,093 50 due for interest and on the 4th the llGth bonds into 3 per cents. Some small lots of the latter are call for bonds, amounting to about 3^ millions, will on the market, but as yet the bonds are not quoted at the mature. The Treasury operations for the week have board. In view of the fact that banks hereafter taking resulted in a gain, which is a loss to the banks, of $1,361,- out circulation must either be confined to the new 3 per 60V 06. The following shows the interior movement, cents or the extended 3^8, which are liable to be redeemed including transfers through the Treasury. within a comparatively short time, unless 43 or 4^8 are bought at high premium, it is suggested that some provi- Receipts at and SMpmenl$from Jf. T. Received. Shipped. sion will have to be made by Congress for funding the 4a Currency $1,001,000 $1,383,000 Oold 14,000 222,000 and 4^s say into a 3 per cent 25 year bond, offered on such 771,000 terms as to induce holdei's of the long bonds to consent to Total $1,013,000 $2,376,000 the exchange. The proposed bond would be available for Last week's bank statement doubtless very nearly re- bank circulation and it would doubtless be readily takes flected the actual condition of the institutions. Consider- for that purpose. ing this fact, the following will indicate the character of The Assay OflSce paid through the Sub-Treasury this week's return. $42,454 for domestic bullion, and the Assistant Treas- urer received the following from the Custom House. Znio Banks. Outof Banks Net Loss. OrnisisHng of— Bub-Treaeury operatlouB, net. . $ $1,361,607 $1,361,007 Atte. DuHtt. 1,015,000 2,376,000 1,361,000 V.8. Silver Silver aold. Notes. Dollars. Oertifieatet. Total ii,oi5,ooo $3,737,607 $2,722,607 Sept. 15.... $542,470 08 $183,000 $25,000 $ $334,000 The Bank of America paid out $1,100,000 gold on ac. " 16 ... 396,206 03 122,000 18,000 237,00O- " 54 209,000 32.000 421,000- count of the associated banks during the week, and received 18.... 662,863 " 19 ... 921,794 45 390,000 19,000 813,000 nothing in return. " 20.... 517,080 97 212,000 38,000 267,000 " 295,000 The exchange market is dull and weak, with a decided 21.... 529,433 83 181,000 53,000 reduction in rates since our last, mainly in consequence of the Total... $3,569,848 90 $1,297,000 $183,000 $ $2,087,000 pressure of security bills, and bills, mostly futures, drawn in anticipation of shipments of cotton and breadstuffs. If LOUISVILLE AS A MAIL WAY CENTRE. prices of stocks at Lond* n continue to rule above New In its two-fold aspect of displaying the city's industries York, the supply of bills from that source will doubtless and commemorating the extension of her railroad facili - be augmented. The following shows relative prices of ties, the celebration at Louisville last week appears to leading stocks and bonds in London and New York at have been an undoubted success. It showed the the opening each day. variety and extent of the progress already made in Sept. 18. Sept. 19. S The Bank of England rate of discount remains unchanged In the first place, Louisville now has a second line to at 5 per cent. The Bank reports a gain of £136,000 bul. Memphis. The Louisville & Nashville has hitherto fur- lion during the week, and £139,000 on balance on nished the only outlet to that place. The new line com- Thursday and Friday, and an increase of 9-16 in the pro- prises the Chesapeake Ohio & Southwestern system, and portion of reserve to liabilities, showing that the advance is made up of the former Paducah & Elizabethtown and in the rate has had the intended effect. The Bank of Memphis Paducah & Northern roads. These roads were France reports a loss of 1,325,000 francs gold and of for many years in financial embarrassment, and finally people, lj300,000 francs silver for the week, and the Bank of passed into the hands of the Chesapeake & Ohio 834 THE CHRONICLE. [Vol. XXXV. who early in the current year merged them into one cor- Sandy (controlled by Chesapeake & Ohio parties) was ex poration ander the name given. The Padueah & Eliza- tended east to the river, bo that the Chesapeake & Ohio bethtown extended from Louisville to Padueah, while the system was carried as far west as Lexington. From Lex- Memphis Padueah & Northern provided for a road from ington to Louisville there was the Louisville Cincinnati Padueah to Memphis. The latter however was incomplete, & Lexington, and it only remained to secure the use of 75 miles having been built at the Padueah end and 37 that road from the Louisville & Nashville to perfect the miles at the Memphis end, leaving a middle section of 54 line from Newport News to Louisville. A favorable miles still to be constructed. On this the Chesapeake & contract for that purpose was made with the Louisville Ohio party set vigorously to work, and a short time since & Nashville, and thus the Chesapeake & Ohio people, succeeded in completing it, giving a continuous line not only besides giving Louisville a new line to the Southwest, from Padueah to Memphis but from Louisville to Memphis. have also given it a direct and important outlet to the This new route is but little longer than the Louis- ocean. This latter is not to be underestimated. An out- ville & Nashville line between those points (namely 392 let to the sea is desirable even if it be a poor one, but in miles, against 377), and with the proposed cutoff at this instance there is the further advantage of its being a Padueah would be even shorter. Thus it is favorably very good one. Besides, if we are not greatly mistaken, situated as respects distance, and for this and other reasons Newport News is destined to rise into some prominence as should prove of utility to Louisville. That it is already a seaport before long. It has a good harbor, there are no adding to Louisville's commerce is evident from the com- obstructions to navigation, and it is otherwise very favor- paratively large amount of wheat which it has recently ably situated. It has a very strong point in its favor brought into the city, the Southera States havingj this in the matter of nearness to the sea, being said year a surplus of that cereal for export. to be 150 miles nearer to ocean navigation than Baltimore, But while at present the Chesapeake Ohio & South- 85 nearer than Philadelphia or Boston, and 15 miles nearer western is chiefly important because it gives another than New York. route to Memphis and because of the value of the In still another particular has Louisville increased her traffic originating along its lines, there is a possi- railroad facilities. The Louisville Evansville & St. Louis bility that some day it may also assume importance has been completed from Louisville to Mount Vernon, 111., as a great through route. It is well known where it joins with the St. Louis branch of the Louisville that Mr. Huntington and Mr. Gould last year formed an & Nashville, giving in connection with that branch a short alliance by which it was intended to bring their respective and direct line between St, Louis and Louisville. The systems into close running connection. The Central and Ohio & Mississippi has a branch to Louisville from its Southern Pacific running to El Paso, were to furnish the main line, but this route between St. Louis and Louis- Gould roads with outlets to the Pacific, while the Texas ville is round-about and very long. The distance is about & Pacific, Iron Mountain, &c., were to supply the Hunt- 323 miles. By using the Louisville New Albany & ington roads with lines to such points as St. Louis, Cairo, Chicago between Louisville aad Mitchell, Ind., and then &c. There has been talk of building a branch of the the Ohio & Mississippi to St. Louis, the distance is Chesapeake Ohio & Southwestern to Cairo, in order to shortened to 276 miles. But by the Louisville Evansville bring the road in connection with the Southwest system & St. Louis the distance is only 258, a saving in the one and form a through route to the Pacific, but while this is case of 18 miles and in the other of 65 miles. On points no doubt feasible, is there not, now that the line to Mem- beyond St. Louis there would of course be the same phis is completed, another way in which a through route saving in distance, and the importance of the new route is can at once be formed, without any further construction of therefore apparent. It is evident, too, that with all these new road ? There is the Memphis & Little Rock, various additions to its system of roads, the position of controlled in the Gould interest. Why would not Louisville has been greatly strengthened, and that there- this answer for a connection between the Gould system fore there was reason for the rejoicings and festivities to and the Chesapeake Ohio & Southwestern ? The road which the city lent itself on September 12. runs from Memphis to Little Rock, and at the latter point Iron Mountain, which with the Texas & Pacific meets the AN OVER-ZEALOUS OFFICIAL. and the Southern Pacific would give a line all the way to been said that there is nothing new under the the Pacific Coast. Whether the route designated will be It has in coQteraplaiing time and again the self-same utilized at present we do not know, but the necessary sun, and in daily life one oftentimes feels inclined to material all being there it would seem that sooner or later incidents subscribe to this idea. But after reading this week of an it must be. In that case the advantage to Louisville in Texas we are compelled to admit that would be positive and decided, for it would bring that occurrence down city in direct communication with San Francisco and this view needs modification. inconvenient a debt is, and when other Pacific Coast points. Hence it seems possible that We all of us know how is eviuced to get rid of the burden, in the not very remote future the Chesapeake Ohio & incurred what anxiety are Southryestern may be of even greater benefit as a link in or, failing that, to have it lightened or reduced. We jntnvances, other than the a through route than as a simple line to Memphis. also familiar with the various c which have at one time or In the way proposed, too, there would be formed a simple one of payment, purpose of easing the load through route not only from Louisville but in fact from another been devised for the graat violence to the creditor. ocean to ocean, the Elizabethtown Lexington & Big without appearing to do too the.-io schemes has frequently Sandy line being completed and the Chesapeake & Ohio The ingenuity of some of besides exciting wonder, not a proper having been extended to Newport News. And been commented upon, and, in as to which wore this brings us to another particular in which Louisville's little speculation has been indulged tlie time managed most railroad facilities have been improved. The Chesapeake the most honest garb and at same purpose. After this we think & Ohio runs from Newport News to the Big Sandy rivdr, eL'ectually to accomplish its point, for the which bounds West Virginia on the West. Until the there will be no two opinions ou the latter one of the remote coun- latter part of 1881 it had no connection west of the river, unique plan put in execution m palm. but about that time the Elizabethtown Lexington & Big ties of Texas will certainly be awarded the l^ September 28. 1882 J THE CHKOJSK^LE. 335 It appears that some years ago Bexar County (contain- sure foundations. What is wanted now is such a conditio ing the important city of San Antonio) issued bonds in of public security as shall encourage capitalists, native and aid of the Galveston Harrisburg & San Antonio Railroad. foreign, stimulate trade and industry, and restore the tide The bonds are not due for many years yet, and are said to of business to its former channels. be without any clause providing for their redemption prior In spite of her misfortunes, Egypt is in many respects a to maturity. Unlike many counties in the Western and highly favored country. For climate, for soil, for position, Northern States, Bexar County has not attempted to dis- it has few equals; with proper care there is no climate own its bonds, on the claim of illegality, insufficient con- more healthful, there is no soil more productive; and situ- sideration, or any of the other pleas so common and ated as it is on the southeastern border of the Levant, it numerous. But when the bondholders presented their is in easy communication not only with all the nations of September coupon they were told that instead of $40, the the West, but with India and the East as well. The natur- amount called for by the face of the coupon, they could have al resources of the country and its opportunities for only $37 68. The officers of the county being asked as development are probably greater to-day than they have to whether that was all the money on hand, replied that been in all the past. The native population are disposed to not only was there enough funds in the treasury to meet be industrious; nor are they naturally discontented. Under the entire interest, but there was $17,000 besides appli- a stable and beneficent government, it might become a cable as a sinking fund. Then why were not the bond- remarkably prosperous country, with a happy and con- holders paid the full amount of their coupons ? To this tented people. question the Comptroller made the following deft an- There can, however, be no two opinions on the subject swer, which deserves to be preserved as one of those neat that if England were to abandon Egypt all at once, she financial calculations for which the nineteenth century is would be not only flinging away all the fruits of her victory, so famous. but leaving the country worse than she found it. And yet " As the sinking fund to the amonnt of $17,000 was in the it was not for conquest Mr. Gladstone sent British troops to that and Treasury on March 1, 1882, and amount more was • Egypt ; nor was it merely for the purpose of breaking properly applicable to the payment of the annual sinking fund as a partial payment on each bond at the rate of 2 per cent per the power of Arabi Pasha. It was, as he again and again from the date of the issue of the bonds, I have decided annum distinctly affirmed, for the purpose of restoring the author- that the face of each and every bond of the denomination of $1,000 was worth $942 17. The coupons now attached to said bonds ity of the Khedive. To abandon the country now would calling for semi-annual interest are decrea,sed on account $40 not be restoring the authority of the Khedive, but leaving of the application of the partial payment of March 1, 1882, and said eoupons are worth only $37 68." the country in chaos. It is necessary for a time, there- The reasoning of the Comptroller seems to be this; fore, that British influence should be dominant at Cairo; There is a certain amount of money in the Treasury, this and in order to maintain this influence, there must be money is available in reduction of the debt, but cannot be present a certain number of British troops. The London so applied because the debt is not redeemable before Times describes the situation and reveals the future very maturity, and meanwhile there being no use for the money clearly when it says: "There can be no possible question it lies idle without earning anything. Accordingly, it is that, whatever may be the ultimate solution of the political assumed that a proportionate amount of each bond has problem, the Khedive must for a considerable time lean been paid off (for, is not the money in hand, ready for the upon the force which destroyed the rebellion. Large purpose ?) and that instead of a thousand dollars out- numbers of our troops will no doubt return home, but standing on the bond, only $942 are so outstanding. This there must remain a body strong enough to overawe dis- being so, interest should be paid on the latter amount, not affection. We may go further and say that the organiza- on the former, and the value of the coupon diminished tion of a permanent force for tJie maintenance of order correspondingly. As we have said, this is ingenious—very must proceed under English direction." This is simply a ingenious. But the curious part of it is that apparently common sense view lOf the situation and its requirements. the officer in charge does not see the injustice of it. The It is all the more gratifying to find such language in the investor in these bonds has just as much money out on Times, that in such matters it often speaks under the them as ever. No portion of it has been paid back to inspiration and with the sanction of Government. The him. There may be sufficient funds in the Treasury to pay presumption then is that in some qualified form England the bonds off in jpart, but that of course is of no conse- means to remain in Egypt, and that the country is no quence, as the money is not available to him. Yet, having longer to be permitted to be the prey of anarchy. the same sum of money invested, he is to receive interest It is comparatively immaterial what particular form only on a part of it, and be deprived of the remainder ! the English protectorate may assume. The arrangement This case is interesting mainly because of its novelty, is not likely to be anything new or untried. The Khe- for we cannot imagine that the claim put forth will be dive can easily remain the nominal head of ttie govern- persisted in. In fact, it seems to us more like a practical ment, and care be taken not unnecessarily to infringe on the joke than a serious act. Of course, it could not stand for a suzerain rights of the Sultan. Such experiments have moment in a court of law. But whatever the ultimate not been uncommon, and they have worked successfully outcome, there can be no doubt that the county will have enough in India. In fact, we may look to that country to suffer in credit unless the act is quickly recalled. for an example of the kind of government which might Investors will not place their money in the securities of a with reason be established. Under it the Khedive could municipality in that mdulges such peculiar arithmetical be a figure-head, the Sultan receive his dues ; but Eng- calculations to evade even in part the payment of its obli- land would rule. Mr. Gladstone will find it convenient, gations. We cannot, however, treat the matter seriously, even necessary, to avoid the semblance of conquest ; but for doubtless it is a mistake that will be speedily rectified. it is very doabtf ul, even if he were so disposed, whether he would be allowed to do with Egypt what he did with RECONSTROCTION IN EGYPT. Afghanistan and the Transvaal. Although the rebellion in Egypt is effectually crushed, The establishment of British supremacy will no doubt the end of the Egyptian difficulty has not yet been reached. provoke opposition more or less pronounced on the part of Reconstruction has to be effected and the authority of law some of the Powers. But what can they do ? France firmly established can set so bad before peace be said to be based on may not be especially pleased ; but France has . . " — 3S6 THE CHRONICLE [70L JCXXT. --an example in Tunis, that she will be compelled to be the conditions are reversed. We have a large crop of silent. The Italian people may growl but the Italian corn nearly assured, but it is evident that there is very Government will find it convenient to restrain or ignore the little of the old crop held over, and unless we have an popular sentiment. There is no good reason why either exceptionally warm and dry autumn the new corn can not is there any Germany pr Austria should complain ; nor be made available to any extent in the great markets of so. Russia has evidence that they are disposed to . do the country much before December. Farmers will use it is probable she already shown signs of displeasure ; and it for feeding long before that time, however. may protest should England deem it unnecessary to sub- The price of pork is at present about two dollars a bar- Russia mit the settlement of Egypt to a Conference. But rel higher than one year ago ; lard is only slightly dearer, alone cannot force the hand of Europe. Spain, we know, but bacon is fully three cents per lb. dearer. The advance Gladstone cent, is chafing with disappointment ; but Mr. and in pork is about ten per in lard about two per cent his colleagues are not likely on that account to be driven and in bacon about 30 per cent. But the temper of specu- from their purpose. In fact, none of these Powers helped lation is best illustrated by the price of lard for January rebellion, and it is not likely of this it closed England in putting down the delivery. , On Wednesday week at that they will be allowed to interfere until the work u;ider- $11 9Y^ per 100 lbs., and on the 23d of last September it, taken is completed. closed at $12 80, or 82^ cents per 100 lbs higher for that On the whole, therefore, it would seem as if this were month. the favorable moment for establishing EngHsh supremacy With reference to values for the more immediate de- permanently, but not offensively, on the banks of the Nile, liveries, the extent of the " summer packing" of swine and and of saving Egypt from herself and for civilizatioB. the number of animals now being marketed become mat- ters of primary interest, for on these depend our supplies PORK, BACON AND LARD. for the next two months or more. The number of swine the Western markets from March 1 to The publication the current week by the Statistical Bureau slaughtered at September 14 was only 2,570,000 —a decrease of 975,000 •of the export statement of provisions, &c., calls attention to corresponding period of 1881. The current the peculiarities of the movement this year, and to the from the to very small proportions, amounting :general subject of swine products which just now, on packing is reduced the Cincinnati Price Current) for the last account of the late failures in the trade and the short sup- (according to reported to only 50,000, against 150,000 lor the cor- ply, is attracting special notice. How direct the connection week week last year. It is also understood that the is between the production of these articles and our corn responding weight of the swine marketed is much below one •crop, is well illustrated by the surplus exported, according average this we find no record ; but it must be so to these figures. The following comparison, prepared year ago. Of cost of feed and the complaints which are from this and previous reports of the Bureau, covers the from the high of light weights. first ten months of what is called the crop year. made As to comparative stocks, it has been estimated by the Exports (Ten Months) from -Von. 1 to Sept 1. best authority that there were in the United States at the 1879-80. 1891-82. 1880-81. close of the last month, 165,000 tcs. of lard, against Lbs. Lhs. Lbs. 217,400 tcs. one year before, and in Europe 69,900 tcs., .157.278,813 Bacon . 318,.929,406 [683,294,625 Hama.. 28,67!',0<>9 60,595,698 against 93,700 tcs. last year, a net decrease of 76,000 tcs. Lard . . 202.954.915 234,017,767 338,825,82-.S Pork... 60,607,238 86.534,084 77,487,262 or more than 24 per cent. This is a serious deficit, Tallow. 37,67<),250 67,159,543 114,.528,440 especially when we take into account the probability that Total exported to Sept. 1 . . 648,417,478 1,055,585,903 1,214,136,149 it will increase rather than diminish during the autumn Indian comproductlon.bu.' 1,194,916,000 1,717,434,543 1,547,901,790 months. Stocks of pork and bacon are also small. It Averajfe price of Ind. com t 76ia380i30. 6214363 Sgc. 58iaa61^e. follows, therefore—from the necessary delay in making the * Agricultural Bureau's estimate, of swine i Western mixed corn at New Yo^k. new crop of corn available, the small number Here we see that the exportable surplus of these articles now being marketed, and the reduced stocks on hand this only 62 per cent of what it was has been year about that it will not be well to anticipate results too rapidly. cent of what it was in 1879-80, in 1880-81 andabout54 per It is true these may come more quickly than many now the quantity following closely the production of and prices expect. The Southern demand will not be so great nor so for Indian corn. Hence, when the prospects of the corn urgent as during former seasons, that section having crop for this year began to improve so materially, a large raised very full crops of cereals, and will therefore feed a number of those who had been operating for a rise in greatly increased number of swine. Yet it is to be said, pork, bacon, &c., on the expectation of a scarcity and high that the present position of the market appears to be a corn, " get prices for took the alarm. Their sales to out healthy one, and it is to be hoped that it may be kept so. caused failures, and these failures precipitated a fresh break in values under which much property was sacri- Louisiana State Bonds.—A New York dispatch in the Balti- ficed. As is always the case under such circumstances, more /Saw reports that Major E. A. Burke, Treasurer of Louisi- with the holders of one extreme was followed by the other. There was a ana, has been in New York conferring Louisiana bonds in regard to the last provision pa-ssed by in a general process of liquidation which left the market the Louisiana Legislature in the shape of a constitutional This was upon the healthier state and more directly under the control of amendment to be submitted to the people. basis of a final settlement of the debt in new bonds paying 2 legitimate influences. regular trade has Consequently the per cent for five years from January 1, 1880, and 4 per cent Instead of stamping the now improved and the situation is generally much more thereafter on the face of the debt. bonds for reduced interest, as heretofore required, holders of satisfactory. coupons may deposit the old 7 per cent coupons with the State in cash the reduced inter- One year ago, although it was known that the corn- Treasurer or fiscal agent, and receive coupon- est, say two per cent from January 1, 1880. Each growing regions had suffered severely from a prolonged holder's name is indorsed upon the package of coupons, and m drought, the extent to which the crop had been cut short case of default or failure of the people to ratify the constitu- tional amendment adopted by the Legislature, all their legal vra,s matter of conjecture. !Few believed that the defi- rights to the 7 per cent interest will revive. A desire having some point ciency was as great as it has proved to be while there was been manifested to have interest payments made at Mr. in the East as well as in New Orleans or Baton Rouge, a large stock of old com in the country ready to come Burke will arrange to pay back interest m New York for 1880 upon the market, or for use for feeding purposes. Now aud 1881. ... . IJEFTBMBSB 23. ISbS.J THE CHRONICLE. 337 Per cent.. Joint-stock bantn . 8 nUeouut houses at call 3 Do with BATES OF EXCHANGE AT LONDON AND ON LONDON 7 or 14da,i's' notice 3«i Annexed is AT LATEST DATES, a statement showing the present position of the Bank of England, the Bank rate of disooant, the price of con- sols, the average MXOHANQE AT LOKDOJf-Sept. 9. BXanANQB on LONDOH. quotation for English wheat, the price of mid- Latat dling upland cotton, of 40-mule yarn, fair second quality, and 0»i- Time. JRate. Time. Sate. Dalt. the Bankers' Clearing House return, compared with the three previous years: igga. igsi. 1880. 1870. Amsterdnin . 3 inos. 12178 ai2-5% Sept. 9 Short. 12-13'a £ Amsteif'aui Hliort. 12 2 hi ®12'r)i2 AAA Circulation 26,400.060 20,517,870 26,959,780 28,36».715 Htuiibiu'g ... 20-43 3 nios. 2006 ®20'70 Sept. Short. Public deposits 4.260,630 5,033.190 5,915,706 5,382,933 Berlin 20-(>6 a20-7O Sept. 20-43 Other deposits 23.052,844 25,780,»«0 21,932.926 31.139.088 Frankfort . . 20-66 20-70 a Sept. 20-4J Qovorum^t securities. 12,180.154 14,567,649 15,313,792 Hi. 337.300 Vienna 12-0 ®12-2>3 11-38 Sept. Other securities 23,180,55.5 22,374,837 17,685,800 17,'-!84,718 Antwerp 25-52i«a25-r.7'a Sept. 2o-28ia Ros've of notes & coin. 11,006,005 12,422,148 16,414,895 21,470,335 Paris Short. ~5-22i2a25-27is' Sept. 25-22ia Coin and l>uUion in Purls 3 mus. 25-15 a-2.5-50 2524I3 Sept. Long. both depai-lment«.. 21,662,005 23,190,018 28,374,655 34,830,05(> Genoa 25-90 -aas-os Sept. Short. 25-75 Proportlcui of reserve Madrid 46 94618 Sept. 47-20 U> liabilities 3923 40 52% 58 .Cadiz 46i8-«4(ii4 Sept. 47-20 Rank '« rate 4 p. c. 4 p. C. 2l« p. o. 2p. o. Lisbon 5106351% Consols 99!^ 0918 York... 67% New Sept. Short. 4-84ia Kng. wheat, av. price. 47b. 3d. 658. 2d. 488. 2d. 488. 2d. Bombay .... eOdaj'B Is. 8d. Sept. 4 inos. Is. 8d. Mid. Upland cotton... 7i8 Berlin , 5 4% Geneva 4 discount accommodation, there is a growing belief that before Hamburg 314 Ueuoa 5 long a higher rate of discount will be necessary. The supply Frankfort.... 31a Copenhagen 4 4 Vienna 4 of mercantile bills offering in the early part of the week was small, but on the publication of an unsatisfactory Bank return, There has not been much movement in gold during the week. it increased, and the discount market closes with a compara- There has been no export demand, and the limited supplies re- tively Arm appearance. The open market rates of discount are, ceived from abroad have been sent into the Bank. The silver however, still about % per cent balow those current at the Bank market has been fairly steady; but the price for dollars, owing of England, but this difference may speedily be reduced to a to the absence of supplies, is almost nominal. India Council minimum. The directors of the Bank have not yet altered bills have realized Is. 8d. the rupee, showing no change; but their rate, but at the close of the week there is strong reason there has been a larger allotment. The following prices of for believing in an advance. bullion are from Messrs. Pixley & Abell's circnlar: The feature in this week's return is its Bank that position is oou). I. d. t. d, becoming less satisfactory at a period when the requirements of Bargold.flne per oz. std., last price. 77 9 9 Bar gold, contalu'g 20 dwts. silv., per oz. std., " 77 lOiga the community are certain to increase. The autumnal demand Spanish doubloons per oz. 73 10 '9 ...,.» South has yet to be provided for, and there is reason for believing American doubloons peroz. 73 9 a United States gold coin peroz. -76 SisW that it will be larger than usual. The supply of bullion held (jlermau gold coin peroz » by the Bank and the total reserve are already decreasing, and SILVEB. a. d. as the reserve is low, being only £11,006,605, any strain upon it Bar sllvcr.flne peroz. stand., last price. 52iifl a must necessarily and speedily affect the money market. Since Bar 8ilver,contain'g 5 grs.gold. per oz. stand., last price. 527i(i a .... Cakesilver peroz. 56i'ij W .... the Bank return issued, was on Thursday afternoon, the demand Mexiuau dollars peroz, 505i -8 ...» Chilian for discount accommodation, as already stated, has increased, and dollars peroz 9 .... Quicksilver, «5 17s. 6d. X>i8cotint, 3 per cent. the banks and discount houses have been more reluctant to lend. This tendency to improvement will undoubtedly continue, more Tenders for £600,000 Swansea Corporation 3)6 per cent stock especially as the Banks of Germany and Holland have already were opened yesterday at the Bank of England. The applica- taken the initiative in advancing the quotations for discount, tions amounted to £675,500, at prices ranging from £95 to £92 the minimum at the former bank being now 5 per cent and at for £100 stock. Tenders at 92, which was the minimum fixed the latter 4 per cent. It is evidently very necessary, now that by the Corporation, will receive about 76 per cent of the amount money is likely to be somewhat scarce in the autumn, for all applied for, while those above that price will be entertained in classes to operate with much caution and judgment. Should full. The average price obtained was abont £92 33. Id. for the Egyptian war be speedily brought to a close, and the £100 stock, existing difficulties settled upon a basis satisfactory to the Tenders for £2,031,000 Treasury Bills were opened at th» European and other powers interested in the question, an Bank of England on Monday. The amounts allotted were:—In important impetus is expected to be given to our trade with the bills at three months, £1,171,000, and at six months, £860,000. East. For the present, however, business is obviously greatly Tenders for the former at £99 38. will receive about 70 per cent kept in abeyance, but in the event of the affairs of Egypt being and above in full, and for the latter at £98 6s. and above in settled in such a manner that European capitalists may be justi. full. These rates represent a discount quotation of abont 3^ fied in having confidence in the future, a large amount of money per cent. is expected to find its way for investment in that country. The It is stated that 53,911,074 lire in gold have already been demand for money for general purposes must certainly increase struck at the Roman mints. as the autumn advances, and it is difficult to see how our The traffic receipts of railways in England since July 1 have- supplies of gold can be materially augmented. There will be amounted to £9,988,629, against £9,694,652 last year, showing an an increased circulation of notes and coin in the provinces dur- increase of £293,977, or 3 03 per cent. On the three principal ing the autumn months, and the action of the Banks of Ger- Scotch lines, since August 1, they have been £715,850, against many and Holland in advancing their rates indicates that prep- £716.804, being a decrease of £954, or 0-13 per cent. arations are already being made for an upward movement. The sale of Count Lagrange's stud has taken place at this Each bank will obviously protect itself as far as is practicable, Dantzic week. Some large purchases were made on but a belief in future stringency may be productive of excessive American account, the principal being a stallion named Rayon caution, and the worst anticipations may not be realized. The d'Or, which fetched the large sum of £6,000. The animal was following purchased for Mr. Scott, of Erie, Pennsylvania. The are the present quotations for money : Germana competed freely for it. Per cent. Opon-mantet rates— Per ceni. Bank rata. 4 4 mouths' bank bills Open-market 4 &i^ The Board of Trade returns for August and the eight months- rates— 6 months' bank bills 4 a4ie SO and 60 days' bills 3%a3''9 4 lb 6 months' trade bills. 4 ®4>^ ended August 31 have been issued this week. They call for no 3 mouths' blUs S^SJ'^s special remark, but they show that considerable dalness pre- The following are the rates of interest allowed by the joint- lvails in the cotton trade and that no improvement has taken stock banks and ' discount houses for deposits: place of late. In August the total shipments of cotton piece ; . 338 THE CHRONICLE. [Vol. XXXV. goods were 374,303,400 yards, against 419,696,200 yards last TOTAt GOLD AND SILVER. 1880. 1881. 1882;" while during tlie year and 413,985,400 yards in 1880, eight £ £ « months they were 3,861,179,000 yards, against 3,158,474,800 Imports in August 1,087,716 1,446,252 2,045.963 Imports in 8 months 9,032,560 11,831,673 17,579 477 yards and 2,878,009,700 in 1881 and 1880 respectively. To the Exports in August 1,611,225 3,716,114 2,973,775 Exports in months 10,069,97: United States, however, the shipments have increased, the total 8 14,939.302 15,917,232 for August being 5,312,700 yards, against 3,211,400 yards in The imports of gold from the United States during the eight 1881 and 5,692,600 yards in 1880, and in the eiglit months months have amounted to o66,034,314, against f 14,874 last year 55,781,800 yards, against 48,563,500 yards and 62,408,200 yards. and £41.639 in 1880. The following are the totals of our imports and exports— the During the last four days the wt^ather has been very fine, latter of British and Irish produce and manufactures, and not and in the North of England and in Scotland has been very bril- inolading, therefore, re-exports, which form a considerable liant. The work of harvest, although it has been much im- rain, has recently been total—during the month and eight months : peded by proceeding satisfactorily, and there is no reason to complain of general results. Wheat is 1880. 1831. 1882 Imports in August £31,019,087 £32,1)87,843 £33.111,785 regarded as somewhat under an average crop, but thare is a Imports In S months 275.632,43.5 2d;), 5.12,768 274.3U0,469 Exports in Augu.^t 19,114,315 21,l'jO,ti95 2l,5"i9,018 larger quantity of land under cultivation, and we have probably Exports in 8 months 147,018.630 150,9I9.0.')9 161,212,520 grown at least 10,000,000 quarters. Oats and beans are the The following figures relate to the eight months ended great crops of the season, bat barley and peas have also 3l8t August: yielded good results. Roots are an abundant crop, and there* IMPORTS. has not only been a heavy crop of hay, but the pastures are 1880. 1881. 1882. luxuriant, and a comparatively small quantity of the new Gotten cwt. 9,745,969 10.503.771 10,597,245 crop EXPORTS. is being consumed. The price of wheat, under the pressure of 1880. 1581. 1882. foreign supplies, is .steadily declining, and, as the Continent is Cotton cwt. 1,337,688 1,216,207 1,631,254 at present a small consumer of foreign produce, the price of Cottoayarn lbs, 133,800,300 167,394,200 1.50,936,500 Cotton piece goods 5-ard.s.2,878, 009,70 ) 3,158,474,800 2,SGl,17i>,000 wheat is likely to fall to a low point. Foreign wheat is a fact Iron and steel. tons. 2,705,485 2,443,900 2.9:il,144 Jute piece goods yards. 113,854,500 131,559,000 13r>,530,000 difficult to dispose of, and recently-arrived cargoes at ports-of- Linen yaru lbs. 10,602,700 11,791,800 12,743,500 call have been ordered elsewhere with a view to securing a more Linen piece goods yards. 118,776,700 118,043,100 125,817,400 811l£ mamifacturea £ 1,335,197 1.631,297 l,929,y»~ profitable market. The following quantities of produce are British wool lbs, 14,290.100 7,861,300 8,325,400 estimated to be afloat to the United Kingdom. Wheat, Colonial and foreign wool.lbs. 151,941,696 163,935,0.53 104,996,123 Woolenyarn lbs, 17,73-»,oo0 18,307,500 20,754,900 2,042,000 quarters, against 1,864,000 quarters last year ; flour, Wool fabrics yards. 33,791,500 36,184,.5O0 61.019.400 Worsted fabrics yards. 13;>,303.300 129,503,100 l()i;,7' n.SoO 142,000 quarters against 147,000 quarters, and Indian corn 170,- Flannels yards. 3,158,900 4.722,>~00 6,309,100 000 quarters against 326,000 quarters in 1881. Carpets yanU. 0,454.600 o.!i".0.700 7. 075 300 Blankets pairs. 778,320 7J6,300 863,30J During the first week of the season the imports of cereals into the United Kingdom were as follows: Wheat, 2,152,754 cwt.; The following were the quantities of Cotton manufactured barley, 78,855 cwt.; oats, 407,858 cwt.; peas, 7,132 cwt.; beans , piece goods exported in August, compared with the correspon- cwt.; Indian corn, 344,906 cwt., and flour, 260,763 cwt. ding month in the two preceding years: 55,046 The following return shows the extent of the imports of 1S30. 1881. 1832. Exported to— Yards. Jiinln. Yards. wheat and flour into the United Kingdom during the twelve Germany 3,378,000 3, '•5,100 2,799,100 as well as the countries whence those HoUaud 3,222.700 3,2.'5,fiOO 2,423,700 months ended August 31, France 3,959,300 3,312,300 3,674,100 supplies were derived : Portug.al, Azores & Madeira. 4,569, MOO 4,59 '.:iO0 '-'.'10,800 Italy 4,173,200 7,50;.900 7.3S9,600 Wheat. Austrian Territories 38 ),900 73-.700 834,600 Greece 2.597,100 3,S<2.000 5,449.600 1881-32. 1880-81. 1879-80. 1878-79. Turkey 32.695,100 32.402,300 29.751,700 From— Cwt. Cwt. Cwt. Owl. Egypt 10,567,200 13.1<:1,100 785,000 Russia 8,629,297 2,235,226 4,820,758 9,393,304 37,6i;2,181 29,192,691 R^st Coast of Africa (For.).. 3,615,500 2,336,f00 4,405,000 UuitedStates 32,604,315 33,138,729 ... 4,789,113 3,363,177 United St<'»tes 5,692,600 5,211,400 ,5,312,700 Brit. N. America 2,821,336 3,165,053 Foreign West Indies 9,716,600 10,r9ii,90O 7,398,600 Germany 3,257, •275 039,808 2,386,690 4,319,289 Mexico 3,807,600 5,12S.200 5.010.100 France 5,392 3,195 6,143 11,985 Chili 1,311.931 1, ".82, 231 1,791,203 548,959 Central .Vmerica 2.358,500 4,759,000 3.130,70 1 United States of Colombia.. 3,270,200 5.753,600 3,593,900 Turkey i; Roumania. 328,730 316.828 2,460 288,889 2,287,046 1,124,081 Brazil 20,643,300 19,-' '7,000 21.547.800 Egvpt 286,970 1,188,532 Uruguay 3,516,600 3,7:i5.400 -1,140800 British India 9,740,310 5,178,551 2,486,182 716.281 Argentine Republic 6,035,300 9,o94,700 S,776,2O0 Australia 2,081,^43 4,237,712! 3.i0'>4t)Oq io7 465 .-,ibi,oaJ•^461059 Chili 6,997,000 9,15:i,100 8,830,300 Sundry 137,497 81.4435 Pern 335,100 2.438,400 2,693,300 China and Hong Koag 47,935,800 40,975,800 29,937,0iJO Total 61,805,Oo7 55,990,760 59,815,691 51,724,715 Japan 7,367,900 0,923,300 0,724,2irO Flour. Dutch Possessions in India.. 6,235,000 5,868.300 6.613,800 Philippine Mauds 2,238,500 6,116,200 2,367,100 Germany 1,747,197 1,235,883 938,080 861,190 Gibraltar 2,906,700 1.358.500 2.174.2O0 France 248,321 23,598 266,280 355,901 Malta 4.230,300 2,828,900 2,856,900 UuitedStates 6,526,646 8,198.628 7,026,966 5,331,339 West Coast of Africa (Brit.). 1,729.000 1,736,300 3,178,700 Brit. N. America .. 315.734 407,119 463,730 393,106 British North America 4,708,300 5,634,400 5,420,100 Other countries 2,326,822 2,165,014 1,736,612 2,132,354 British West India Islands Skftkubek 33, 1883.J THE (^HRONfCLE. 339 Northern Pacific.—At the annual ipeeting of the stockhold- Liverpool. Sat. Mon. Tua. Wtd. Thum. Fri. ers of the Northern Pacific Railroad Company, Thumday, the d. $. d. s. d. a. «. d. t. d. I. following directors were chosen : Frederick IJiliin^s. A. H. Bar- 12 9 9 Flour (ex. State.. 100 lb. 12 9 12 9 12 12 Harris, " ney, John W. Ellis, R. G. Rolston, Robert Thmnaa P. Wheat, No. 1, wh. J. Morgan, August Belmont. Henry Villard, Spriii)?, No. 2... " 9 1 9 1 9 9 9 » Oakes, Pierpont J. Whiter, West., n " 8 8 8 6 8 8 8 e 8 5 L. Stackpole, Benjamin P. Cheney, John C. Bullitt and Henry 9 9 5 9 4 9 3 C'al. white " 9 5 9 5 5 E. Johnston. Coru, mist., We»t. " Oil 6 11 6 101$ 6 10k OlOifl 6 10 98 98 —For the 15,000,000 Northern Pacific bonds offered for public Pork, West. mess.. ^( bbl. 98 98 93 98 Bacon, loni? cU«r, uew.. 72 72 72 72 72 subscription yesterday, applications at 102.J6 per cent wmth filnd 95 »fi Boef, pr. lueRs, new.^to. 9li 96 06 for about $7,500,000. The subscriptions were all made in this »;2 62 63 63 6 63 6 Lard, prime West. <(1 iwt. country, the bonds not having been offered in the foreign Obeeae, Ain. choice, uew 56 6 5t5 36 6 56 6 56 6 55 6 markets. The price obtained is ^ of 1 per cent above that rTjr which the $20,000,000 previously sold were marketed. It is not ®0mmcvctal aiitt IIH3ccUiittcaiis||.eu>s. likely that any more of these bonds will be offered this year. Evening Post, Sept. 22. Nation.\l Banks,—The following national banks have lately Ohio Central.—At the annual meeting of the stockholders of been organized the Ohio Central Railroad Company, held at Toledo, Sept. 13, of Nebraska. Authorized 2,775—The Merchants' National Bank Omaha, the following board of directors was elected : Dan. P. Bells of Ji. Wood, capital, .$100,000. Frauk MurpUy, Presldeut ; Beu. Cleveland ; Samuel Uhethar of New York ; J. T. Martin and Cashier. , , , 2,776— The First National Bank of Pino Bluffs, Ark. Authorized capl George I. Seney of Brooklyn, N. Y'., three years ; T. J. French ; Charles M. Neel, Jr. tal, iji.'JO.OOO. Charles M. Ncel, Presldeut of New York ; H. T. Terrill of Cleveland ; Joseph S. Miller of Cashier. Charleston, W. Va., and Charles Foster of Fostoria, two years ; iMPOKTS AND Exports for thb Wbbk.—The ImportH of last C. S. Brioe of Lima, O. ; Samuel Thomas of Columbus ; M. D. Carrington J. E. Martin of Toledo, one year. week, compared with those of the preceding week, show and an increase in dry goods and a decrease in general merchandise. Oregon Improvement.-This company, owning and oper- ating the Paeilii! Coast Steamship Company, the Columbia ft The total imports were $9,816,573, against |10,214,834 the pre.- Puget Sound Railroad Company and the Seattle Coal & Trans- two previous. The exports ceding week and $10,063,397 weeks portation Company, reports earnings of all for first seven months $7,lGl,2ll, against for the week ended Sept. 19 amounted to of current year as follows : $6,660,813 last week and $7,57S,611 two weeks previous. TUf Cross. Net. January 1 tojune30 $1,495,345 $522,864 endina following are the imports at New York for the week July 1 to June 30 ;.... 262,875 77,.592 (for dry goods) S*pt. 14, and for the week ending (for geu.-rt Total .'. $1,738,220 .$600,456 merchandise) Sept. 15; also totals since the beginning of first Postal Telegraph Co.—This company publishes a prospectus week in January of its plans, which are very comprehensive. The share capital FOBEION IMPORTS AT NlSW YORK. is $21,000,000, divided into 210,000 shares. The first mort- gage 6 per cent gold bonds of the company are placed at ten 1882, For Week. 1879. 1880. 1881. millions. The company is organized in New Y^ork, with offices $3.169,(!58 at No. 2 Wall Street. The oflicers and directors are as follows: Dry goods , .«2,784,233 *2,9 12,012 2.691,985 Ueu'l mer'dise. 4.5'J0,5ie 9.884,915 6,906,437 6.045,915 Alaason W. Beard, B jston, Mass., President; Henry Cummins, New York, Vice-President; George L. Shorey, Boston, Mass., Total .$12,797,557 $3,601,422 $9,813,573 $7,371,740 second Vice-President; George D Roberts, New York; S. V. Since Jan. 1. $99..i71.1I7 White, New York; C. N. Jordan, New York; Governor Charles Dry goods . ?67.657.100 li90,78r..870 $82,233,030 Gen'l mer'dise. 100,132,872 261.957.134 228.562.095 262,699.121 Foster, Columbus, O.; Professor Ellsha Gray, Chicago, IIL; Chester Suow, Harwich, Mass ; R. M. Pul.sifer, Bjston, Mass.; Total 37 weeks $227,789,972 iii358,773.301|*3lO.795,175 $362,273,211 •lohn S. Alley, Boston, Mass.; Hon. Jonn B. Alley, Boston, Mass., Treasurer; Henry E. Fanshawe, New Yoik, Secretary; In our report of the dry goods trade will be found the imports W. H. Fairbank, Supwntendent of Construction; Executive of dry good-s for one week later. Committee— .\. W. Beard. Henry Cummins, George L. Shorey, The following is a statement of the exports (.exclusive of George D. Roberts, S. V. White. specie) from the port of New York to foreign ports for the Railroad Constriiclion (New).—The latest information of week ending September 19, and from January 1 to date : the completion of track on new railroads is as follow^s : Atchison Topekii Sauta This company's New Jlcxico d^ Ari- BXPOATS FKOU NISW TORK FOB TSB WBGK. & Fc— zona line is extended from Crittenden, Ark., soutbwaRl 32 miles. IJangor & Portland.- Extended southwest to Nazareth, Pa.. 5 miles. 1879. 1830. 1831. 1882. Denver & Kio Grande,—The track of the Utiih oxteiLsiou is laid from Montrose. Col., westward 18 miles. Gaa^e. 3 ft. For the week... $5,810,466 $8,728,101; *8,313,63B $7,161,211 Uulf Colorado & Sauta Fe.—The track of the Dallas Division is ei- Prev. reported. 230,470,906 283,083.810 267,442,000 232,511,316 tcnde I into the citv of Dallas. Tex., 2 miles. Houston East & West Texas.—Extended from Natchez, Tex., north- Total 37 weeks $239,317,332 $292,111,914 $275,738,539 $339,672,527 east to Lufkin, 15 miles. Gau^e, 3 ft. Natchez Jackson & Columbus.—Extended from Raymond, Miss., northwest to Jackson, 17 miles. completiUK the road. Gauge, o It. 6 In. The following table shows the exports and imports of specie New York West Shore & Buffalo.—There are 37 miles of track laid in detached seollon,'? lietwetn Cornwall, N. Y., and Syracuse. at the port of New York for the week ending Sept. 16, and Northern I'acillc.-Jixtciided from BilUnss, Mon., west to Park City, since Jan. 1, 13S2 : 21 miles. Ohio Central.—Extended from Corniug, O., soQtbward to Atliens, 17 miles. E.XP0RT8 AJTD IMPORTS OF SPECIE AT SEW YORK. St. I>ouis Germany ! 216.500 128.004 Gross receipts $14,060,806 $17,114,165 $3,053,355 West Indies 9.130 6,836 «')8.220 Gross e.vpenditure« 8.420,165 9,996,095 1,575,930 Me-Tlco ... 29,001 737.371 South America 4,702 103,6 Total 1882 $227,.500 $9,131,838 $39,533 $1,909,457 West Jersey —The West Jersey Railroad Company has paid Total 1881 245.130 7.761,355 43,625 2,152,667 off the certificates of the indebtedness of the West Jersey & Total 1880 ... 3,616,810 15,228 3 811.597 Atlantic Railroad, amounting to $60,000. Of this amount about $45,000 was the debt incurred by the May's Landing accident Of the above imports for the week in 1882, $17,686 were of 1880. The remainder was paid for improvements of the American gold coin and $10,147 American silver coin. Of the road. exports for the same time, $107,150 were American gold coin. Auction Sales.—The following were sold at auction by North Carolina Debt—Baleigh, N. C, September 21—The Mes-srs. Adrian H. Muller & Son: Commissioners appointed to adjust the North Carolina debt Bond. incurred to aid in the construction of the North Carolina Rail- $10,000 Tikup & Geneva Mining Company Ist mort. 68, 1883 10 road, report that |1,100,000 of the Donda have been renewed Shares. out of a total of 12,795,000. The October interest will be pay- 1,000 Montauk Oaa Coal Company $3 per share. able at the National Bank of the Republic, New York. 5 New York Concert Company (Limited* $5 20 per share. . ; 340 THE CHtlONi(JLE. [Vol. XXX7. The closing prices at the N. Y. Board have been as follows: Interesl Sept. Se^. 1^'- OIVlDBNOnt Period*. 20 ThefoUowIaK dlTldonds have recently been aunounoed: Be, oonllnued at 3^.. 6b, continued at 31^.. lom 'loo's 100»9 101 113 113 •112'8 113^8 Per When Books Closed. 4>flB, 1891 reg. '113 113 •iiz^e 113 Ifante of Company. cent. Payable. (Days inclusive.) iHn. 1891 coup, is, 1907 reg 119 *119>e nioie iigig IS, 1907 coHii 120 •I2OI9 12018 12018 Knllroads. 1895. -reg '130 •130 130 130 City Oct. Oct. 2 to Oct. 16 68, cur'cy, Dubuqne & Sioux i896..reK. '131 *131 131 131 Georgia RK. A Rank'g Co. (guar.) 75 Oct. Sept. 16 to —— 88, cnr'cy, 8e, our'cy, 1397. .reg 132 •132 132 132 •133 •133 •133 NEW YORK, FRIDAY, SEPT. 2«, 1883-5 P. M. 88,our'«y, 1898.. reg. 133 89,onr'ov. 1899. .recr. 134 •IS.-J 134 '134 The Mouey Miiiket and Financial Situation.—There is • Tlila is tbe price bid at tbe mornlnic board ; no sale was made. much satisfaction expressed among brokers at the working of Exchange.—Foreign exchange has been weaker, partly in the money market under the new usury law. It is confidently consequence of the better market in London for some of our asserted that under the old law we should have had rates for railroad stocks, and also from the prospect of a larger amount bills. To-day, on actual business. tTie rates for money this week up to 1-16 and even J^ per day in addition to of commercial prime bankers' 60 days sterling were 4 82J^@4 83 and for short legal interest, which is equal to about 28}^ to 51 per cent per sight 4 87M@4 87^^, with cables 4 88}^@4 88?4. Tlie actual once released from such a financial barbarism annum. When rates for Continental bills are as fellows : Francs, 5 22}^@ 94i>^@94S^ as that which compelled the payment of those extravagant 5 21;^ and 5 18i^@5 \1)4; Marks, aud 95>^@95?g, rates on coal loans, we look back with astonishment to think and Guilders, 39 15-16 and 40}^. For domestic bills New York exchange was quoted to-day that they could ever have been tolerated. The full extent of as follows at the places named : Savannah, buying %, selling the imposition was not conveyed to the outside world %@\i dis.; Charleston, buying par, selling 'b ^lis-; New dis. by the mere quotations, but if we should now have Orleans Com. 100 dis. ; bank 200 prem. nom. ; St. Louis 25 an occasional 20 per cent rate for money, other busi- Chicago 75 dis. ; Boston, 20@30 dis. Quotations for foreign exchange are as follows, the highest ness centres could appreciate faintly our former situation, prices being the posted rates of leading bankers: by considering that 20 per cent was from 8 to 31 points below what was often paid under the old order of tilings. Sept. 22 Sixty Days. Demand. Another advantage is in the circumstance that banks have the Prime bankers' sterling bills on London 4 821434 83-2 4 87i4a'4 88 right to lend their money at current prices, and it is hardly Prime commercial 4 smai 82 iiiO »4S6'2 8.5'9 8'4 86 an argument against this to say that merchaats will be obliged Doi'umeutary commercial 4 81 -atism 4 Paris (francs) 5 isisao 20 5 1938*5 loisg to pay much higher rates for discounts at the banks so lending Amsterdam (RUilddrs) 3934 a 40»s 40>8a 4013 Frankfort or Bremen (reichm.-vrks) 9439a 9.j 9514a 95''8 on stock collaterals. If there are any banks which desire to limit their loans to mercantile paper at 6@7 per cent, no one State and Railroad Bonds.—It is stated that the Tennes- could make any objection and they would be highly com- see Funding Committee has exclianged $8,000,000 worth of old issuts. To-day the mended; but to compel all banks by law to furnish money at toe new compromise bonds for the bonds sold at 60'^; Arkansas Ts, Little Rock getting compromise 6 per cent when other lenders (and some sharks) were class Pine Bluff & New Orleans issue, sold at 29 ; Alabama privileges, 50, and then to tax them lieavily for their great "A" sold a few days ago at 80, and no other recent sales of seemed to be one of the baldest of legal enormities. There Southern State bonds have been recorded. tolerably well against cannot be a doubt that a 12 per cent rate for money here last- Railroad bonds have held their own the weakness in stocks. The Richmond & Danville debentures ing any considerable time would draw in loanable funds from have sold at 76@76i^, and among other bonds not often quoted all available quarters; and yet the 12 per cent would only be the Central Iowa debt certificates sold at 65, and Kiernan says a trifle over the equivalent of 6 per cent and 1-64 per day, of the movement of the stock and bonds of this company in " purchase by the w^hich was the lowest commission formerly paid, and at that Boston that the demand is based on the Central Iowa Company of a partially-completed road between price the market was hardly considered stringent. Peoria, the centre of the corn belt of Illinois, and Keithsburg The past week there has been much irregularity in call loans, on the Mississippi River, where the new extension of the Cen- and the extreme prices paid by stock borrowers have varied tral Iowa terminates. Connection will be made at Peoria This new from 4 to 10 per cent; but the extreme rates being exceptional, witli the Indiana Bloomington & Western system. line will be an important factor among Western roads and furnish no standard, and a fair quotation for money on stock will be in a position to do a large east and west business." collaterals is 6@8 per cent, wliile government bond dealers Railroad and Miscellaneous Stoclts.-The movements of have paid 4 per cent to the savings banks or parties loaning the stock market liave been ratlier peculiar this week, and it trust funds on governments only. Prime commercial paper has been common talk that Mr. Vandeibilt was in favor of moves slowly at 6@7 per cent. higlier prices, while Mr. Gould was, for the time at least, on the other side. Tliis conclusion, however, was evidently dravm The Bank of England weekly statement on Thursday showed from the course of their respective stocks, for while the Gould a gain of £136,000 in specie, and the percentage of reserve to lia- stocks were weak and most of the mai-ket with them, the bilities was against 39 3-16 last week; the discount rate 39J:£, Vanderbilts were strong, especially Lake Shore. It is hardly remains at 5 per cent. The Bank of France lost 1,335,000 supposable that Gould has turned bear on the general market, francs gold and 1,800,000 francs silver. and it is presumed either that he wants to buy in anticipation The New York City Clearing-House banks in their statement of another rise, or else that he believed the circumstances (in- of Sept. 16 showed a decrease of $879,300 in the deficiency of cluding the monetary situation) made it advisable to put a reserve, the total deficiency being against 11,011,975, $1,882,275 temporary check on the upward tendency of stocks. There on Sept. 9. is notliing essentially new in regard to particular stocks, and The following table shows the changes from the previous the prospect of a large tonnage remains as tUe chief support week and a comparison with the two preceding years: usM for the whole list of railroad stocks during tlie next ten months, the present high range 1882. Differ'nces fr'm 1881. 1880. against wliich are to be considered (1) Sept. 16. previous week. Sept. 17. Se2>t. 18. of prices, (2) the possibility that the opening of new lines may break down traffic rates, and must in some measure divide up Loans and dis. $326,570,300 Dec. $3, 337.400 $333,625,800 314,123,500 business. In August the miles of new railroad completed Bpeoie 52,632,700 Inc. 1,079,600 6.'i,079,700 66,517.300 Circulation... 18.371.200 Inc. 50,500 19,785,800 19.344.500 were about. 1,250, said to be the largest ever reported in a sin- Het deposits 301,824,300 Deo. 1,363,200 316,749,500 298.923.700 gle month, and for the current year to date, the new road I^egal tenders. 21,811,400 Deo. 550,100 14,561,800 13,517,700 finished is approximately 7,500 miles. At the rate of $25,000 I^gal reserve, $75,456,075 Dec. $340,800 $79,187,375 $74,732,175 per mile in bonds with an equal amount of stock this mileage fieserve lield. 74,444,100 Inc. 529,500 79,641,500 80,035,000 would furnish the basis for $375,000,000 in new securities, *Hirpln8 of has already been placed on the market, and def.1,81 1,975 Inc . $970,300 $454,1 25 $5,302,825 part which others are yet to come on. Tliis estimate for the whole is Coins. The following are quotations in gold for various coins — probably not excessive, as some companies have issued much _overel?nsSovereigns $4 84 a$4 88 Silver Ha and iss- — 99^® par. more than $50,000 per mile,—the New York Chicago & St. Napoleons 3 84 3 8.-I Five francs — 93 - 95 « of stock X X Reicbmarks. 4 74 ® 4 78 Mexican dollars.. — 88i^» -8914 Louis, for instance, with 520 miles, has $69,000,000 XGuilders 3 96 3 4 00 Do uucommerc'l. — 87 -a - 88^ and bonds, or about $132,000 per mile. 8t>an'hU(>ubloons.l5 55 a 15 70 English silver 4 77 4 85 The Chicago & Northwestern gives notice of its intention to Hex. Doubloons. .15 45 315 65 Prus. silv. thalers. — 68 ® — 70 issue 16,200 shares of common stock in payment for the stock Fine silver bars .. 1 I3I21? 1 1414 U. 8. trade dollars — 99i4a> — 995c Fine gold bars par a 14 prem. U. S. silver dollars — 99 % a par of the Menominee River and the Esoanaba & Lake Superior JMoiia^ s dimes. — 99 ^a par railroad companies which have just been consolidated with the United States Bonds.—The market for governments has Northwestern. This was first considered unfavorably in the been steady and without any feature of interest. There is no market, but other parties closer to the management simply intimation that Secretary Folger will purchase 4 or 4J^ per regard it as another step in the general consolidation which is ceiit bonds, but he intends to make another call for continued to precede or be co-temporaneous with the expected stock dis- tionds as soon as the books of the Department are so far made tribution. up as to sliow what numbers have not been offered for ex- The market has been variable the past day or two, with a change into 3 per cents. tendency to weakness. . 4 SEpTHansBii 23, S888.1 THE CHRONICLE. 341 RA.N(1B INT PR[CE33 A.T THE N. Y. STOCK EXOHANGB FOR THE WEEK, AND SINOB JAN. 1, 1882. iror FiUI HIOHBST LQWBST PRICES. 1, 1889 DAILY AND SalMof Rang* Blnee Jm. 1r»»r 1881 Saturday, Monday, Tuesday, Weilneaday, Thursday, Friday, UieWeek BhatM. HIghMb Low. Sept 1 6. Hept.18. Sept. 19. Sept. 2U. Sept. 21. Sept. 29. LOWML Ri«k RAIf.llOAHS. AI>inTir A SiiHiiuplianna.. 140 130 Jan. e ISft Mar, 31 120 185 30=8 AUoffaiiy Cohtial 82 'e »1'4 83 84>4 32>a 3314 'Ji'iii'sa'i SO'b 31^4 3i>« 30,061 27% Sept. R 34% Sept. 1« Atchisou roiioltiv & Hanta Fe 84>4JiuielO 96%Heni 4 BoHtoic * N. V. Airliiuc, prat. 77 77 77 77 32a 60 Jan. 6 80% Sept. - Burlinprtoii CeUiur Uap. A sv. m 84 80 80 826 07 JnnelO 85% Feb. 65 66=8 64=4 Oanmla Southern 64^ es'-i 64 m' 64 65 641a 66 14 14 06 32,635 44 Feb. 23 60=9 Sept 21 50 90 Cellar FiillH A MlnlicMta 15 Feb. 18 30 July 2 1 16 40>t 7078 8n--<4 79 "8 80 '4 7915 80 7914 80 l»'>t 80^8 79 79' 23.980 C4=4Jnne 5 97 % Feb. 20 112 Central of Now Jersey 92 Central Paolllc 92>i 98 V 92=8 03% 92"% 93 14 9218 927, 14 92 'J 16,332 86 Feb. 23 97 % July 28 801. :< 25=4 25=4 •24 2,92.-. Clieflapeake A Ohio 2B 20 251a 26 '4 25 25 25 25 "a 25 19% Mar. 9 27 July 22 21)', 33 tI Ijo IstTiref 40 41 39 40 >4 391a 391a 391a 391a 3S>a 39% 381a 39 8,236 2714 Apr. 18 41%Soiil. l."! 32 48X7 •27 *88ia >9 Do 2il pref '4 iS't *28 S8i4 271a 27 13 2714 2714 27 27 27 1.416 21 Mar. 9 29 Kept, 15 23 367) Chlca^A Alton U-ih 142 i-j 140 HU 1411414m 212 127% Mar. 11 145% Aug. 16 127 1S6 i'i-.i'-^ 133 133 Chicago lliiHlnifton ft (Jnliicy i;« i:«\ Vii'h 184 13:tlal33'8 vii" H, 134 14 1331a 4,392 tl27 July 6 141 Aug. 9 1.33% 182 If llOlj 108=4 10»», Cbieago Milwaukee • Tiia*e M« tbe |»ri«»« bW auU Mkvtl—d9 mk» warn raado at th* iloanfc "t Jm wt9t p L .. . . — . 1. I . . 312 THE CHRONKJLK [Vol. ZXXV. QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES. STATE BONDS. BECDBITIBS. Bid. Ask. BECUBITIES. Bid. Ask. SECURITIES. Ask. SECURITIES. Michigan— N. Oarollna-68. old, J.&J 26 South Carolina— 82 1683 101 6s. old, 2S 6s, Act Mar. ) Class A, 3 to 6, ie06. .. 81 68, A.&O 23, 1869 634 Class A, 3 to e, small .. 82 7s, 1890 118 No. Carolina BR., J.&J. 160 non-fundiible, 1888. t Class B, Bs, 1906 97 101»a MisBouri- Do A.&O 150 Brown consol'n 6a. 1893 1031a Class C, 46, 1906 81 6s, dne 1882 01 1883.... 101 Do coup, oif, J.&J. 130 Tennessee—as, old. 1892JJ 63 68, 10-20S, leoo 100 6s, dnel886 108 Do coup. off.A.&O. 130 6s, new, 1S92-8-1900.. 63 541a Arkansas— 6s, dne 1887 lOBH Funding act, 1866-1900 10 68. new series, 1914 ... 53 641a 6a, funded, 1899-1900".. 33 68, due 1888 1091a Do 1868-1898 10 0'mp'mi8e,3-4-6-6«,1912 60 61 7b, L. Koci: & Ft. S. Iss. 6b, dne 1869 or 1890.... 110 New bonds, J.&J., '92-8 15 Vlrglni»-6», old 35 '92 78, Vemp.A ly.Rook RR 20 Asyl'm or Univ., due 116 Do A.&O.. .. 16 6s, new, 1866 36 7s, L.B.P.B.&N.O.KR 20 Funding, 1894-'95 119 CliathamRR 41a 6 68, new, 1867 S5 '86 '98-9 78, Miss. O. • No pnce Ftidajr—tbeM »i« latMt quotaUona made Uu« ireek. . —. . + ...... 1. 343 Septembbr 23, 18S3.] THE CMRONICLK and Baltimore. New York Local Secarities. Quotatlong in Boaton. Philadelphia Insurance Stock U%t. AA.\ aOtlEITIE*. BU. .Mk. (BOrBITIIl. *< • ThK column ahowi lMtdlTld«aa en Btoeks, but tbedateof maturity of bonds * In tefanli. t Per share. ... « . . 5 . 344 THE CHRONICLE. [Vol. XXXV. Rnilroad Karnlngs.—The latest railroad earnings and the New York City Banks.—The tollowinK statement shows the ^tals from Jaiutarj- 1 to latest date are given below. The condition of the Associated Banks of New York City for the all statement includes the gross earnings of railroads from week ending at the commencement of business on Sept, 16 ; "wrhioh returns can be obtained. '^^^^ Average oniount of Latest Earniuffii neported. Jan. 1 to halatt Date. Banto. Oapitai. Ifet dep'tt Loans and Specie. Letal other C.rcttto- disctnmts. TeniUrt. Roads. tlian U. a. tion. ! Weekor Mo 1882. 1881. 1882. 1881. « * $ 9 $ New York 2,000,000 11,521.000 1.7IB.0Ot 882.000 ».2;3.000 496,000 Ala.Gt.Sonthpni Anprust 73,794 68,187 497,381 473.017 Manhattan Co... 2,050,000 7.S0O.000 701.000 4J7.000 6.86-1.000 Atcli.T Skptbubek 23, 188S.1 THE CHRONICLE 345 same period aggregated 121,677,995, an amount largely i»i %nvizstmtnt5 excess of the resources of the company. The additional flDished AHD mileage of 275 miles, just inspected and approved by f h" United' States Government Commissioners, ensures an STATE, CITY AND CORPORATION FINANCES. immediate rein^-j barsement to the treasurer of a large amount on construction: still leave The Invbstobs' Supplement contains a complete exhibit of the account. But even this will leave the requirements; largely in excess of resources, which excess will again Funded Debt of States and Gitiet and of thi Stocks and Bonds Bteadily-j increase until the next issue of bonds. Hence it appears of Railroads and ot/i£r Gompanies. It is p'lbUs/ied on the last that if' more prompt inspection bad been practicable which it was Saturday of every oiher month— nit., February, April, June, — not| the sale of bonds August, October and December, and is famished wUhuut extra —the supply of moner from under the t«rtna>< of the contract with the syndicate would not have eikarge to all regular subscribers of the Chkoniclb. Single copies avoided tb», neces-sity funds as working * • 'i are sold at $2 per copy. for large additional capital." " But, thanks to the assistance of the Syndicate and the-' ANNUAL REPORTS. Oregon & Transcontinental Company, the treasury wa*j always prepared to meet all demands without ever borrowingf in the open market. And the management can now point to ' Norlhern Puciflc Rnilrond. the fact that it has finished two hundred and seventy-five miles 1 {For the year ending June 30, 1882.) of road, graded one hundred and fifty miles additional, bought | The annual report has just been issued in pamphlet form. and paid for sufficient rails for the entire gap between the two>l Mr. Henry Villard, the President, gives a review at much length ends of the main line, and made, besides, the current disburse— of the progress made by the company, and its future prospects ments for motive power, rolling stock, the Bismarck bridge, th»| The completed road September 5, 1882, two months and five great Bozeraan and Helena tunnels, and other heavier portions, days later than the end of the flaeal year, was as follows: of the work, without delivering a single bond to the Syndicata ] from last till September 19." * » * EASTKIiN DIVISION—MAIN LINE. December | Miles. " The Syndicate promptly exercised the option expiring on From Superior City, Wis., to end of track beyond Bllllnf,'a UUit July 1, 1SS2. to take $5,000,000 of general first mortgage bonds, Undivided Uaif Int. In roiid iKt. rii(inis Leased line between Sauk Uapida and St. Paul 75^ pany not being then prepared to deliver them, owing to non- i inspection of hnished road, the option was extended in accord- Total mileage Eastern Division I,0(j9 j ance with the contract until the date above mentioned, when, \ WESTERN DIVISION—MjLIN LINE. in virtue of the inspection and acceptance by the Government New Tacoma to Kalaina, W. T 105 of two hundred additional miles of road, $5,000,000 of thes» NewTacniua to Wlllceson 30 | Wallula Junc.ion, W. T., toTliompson'sFalla 3125 bonds were delivered to the Syndicate." * « « " The plan of reorganization provides : Total mileage Western Division 400 • • . "The preferred block shall havo and the holders. 1 thereof shall entitled to dividends, not cxcecling eight per cent per Total completed road 1,529 be ! aniinui, as the 'net eainings' hcreiiiaft the expenses of repairing or replacing the said railroad, its appurten- / Total mileage Branch Linos "... 285 ances, equipments, or other property, so that the same shall bo in high condition, and of providing such additioiuil equipment as the said com- line and branches pany shall deem necessary for the business of said railroad." Total mileage main 1,814 \ During the (18S2) the company will extend its main present year In strict compliance with these terms, the holders of the 1 Portland, Oregon, distance of line from Knlama, W. T., to a 44 preferred stock should have had, ere this, the benefit of th© At Portland connection Is made with Oregon Railway & Nav. surplus earnings which were used for Co. '8 line, running to WulUilii Junction, a distance of 250 distribution of certain \ Making an unbroken line from Wilkcson to Tlionipsun's Falls. other purposes. But, in justification of themselves and their ^ The gap, now under constrnctiuu. botweuu tiie liastoru and Western predecessors, your board plead the imperative demands growing Division is about 485 miles, and will be completed during the summer | out of the condition of the company since the reorganization. of 1883, makiug a through lino from the Great Lakes to the Paciliu i Ocean. * * * " More than a year ago, the proper officers of the The number of passengers arriving and departing on the company were directed by resolution of the board to go over the books of the company from the date of the reorganization, company's lines from the eastern terminal stations was as follows: \ of net earnings to- 1881-82. 1880-81. Incrmse. in order to determine accurately the amount j St. Paul 59,934 21.135 38,799 which the preferred stock is entitled. This accounting was a < Minneapolis 28,793 9,141 19,ti.5'2 long and laborious process, and was brought down to the cose Duluth 17,595 4,9a8 12,629 fiscal only within a few days of the date of this ' Superior 564 504 of the last year report. The result, first obtained by the General Auditor, and Total 108,886 35,242 71,044 afterwards revised by the Treasurer of the company, shows that The number of departing passengers exceeded that of pa.ssen- at the close of June 30, 1882. the preferred stock would have ! gers arriving at the above stations by 21,282. The increase in been entitled to an accumulated surplus of earnings aggregating $4,531,544." i the passenger earnings of the Eastern Divisions was $547,243, . or nearly 92 per cent. The total increase of freijjht movement The board adopted the following resolutions to be submitted ' Division tons carriea one mile, to the stockholders : on the Eastern was 87,157,562 , equal to 92 per cent. " Whereas, the accounting oflScers of the company have asccrtainc into remote and little known region, has ( that but recently $4,(!«7,490 G8 ; has been necessarily •" added materiallj' to our traffic. By the opening of the road to •'And ichereas, the entireof said net earnings used for construction purposes, and hence is not now available, m cash, lor Billings in July last, the stock raising districts of eastern ' distribution to ihe holders of the preferred stock Montana were penetrated. Over 20,000 head of cattle have " A)(d Khereas, it appears from careful estimiites made by the proper- < « already been shipped from Billings this season." » * olHcers of the company that the available means from the proceeds D^ j Oof general first mortgage bonds, and Iroiu other sources,, " The telegraph lines of the railroad company are constructed the $40,000.01 win sulliee to complete and equip the main lino froiu Lake Superior ' and operated for it under the superintendence of the Western ' to the Paclllc Ocean before the close of the year 1883 : Therefore, be It Union Telegraph Company. The telegraph system on June 30, " Resolved, that a dividend of eleven and one-tenth per cent be and ' 1882, included 1,512 miles of lines in operation on the main line the same Is hereby declared upon the preferred stock of the company to the preferred stockholders of record of Decembei- 10. 1882, for which Northern Pacific Company's earnings and branches. The from there shall be issued the obligations of the company, dated the Ist commercial business during the fiscal year amounted to |l0,782, of Janimry, 1883, bearing interest at Iho rate of six percent from that I which was nearly equal to the disbursements made by the com- date, payable annually, for the amount to which each stockholder m»,y 1 lull all on account of the net earnings of the pany on account of construction." » * be entitled iu of claims company up to the Ist day of July, 1882. That the said oOligatioua "The total expenditure for imprDvements and betterments shall bo payable at the end of live j ears, but redeemable after one year, during the fiscal year was $1,185,944, of which the principal at the pleasure of the company, upon thirty days' notice, In amouulsof items are as follows: For new shops at Brainerd, $260,006; gen- not less than twenty per cent to each holder. " That the Finance Comjiany be and they are directed to prepare tha eral ofBce building at St. Paul, #70,141; other improvements form of the obligai ion and receipt to be signed by the stockholdeis, to . at St. Paul, $64,388; buildings and grounds on tne various be submitted to the Board fur its approvp.l. ( divisions of the ruad, $210,05»; cost of steel rails over value of " That for the purposes of this dividend the transfer books of the i company shall be closed from December 9, 1882, to January 15, ISfS, iron taken up, $345,384; road bed, $53,750; side tracks, $124,071; inclusive, and that said obigations bo duliverable on and after tlmt new docks at Duluth, $28,303. date." contract made with "A has been the Pullman Palace Car beginning of the year, July 1, 1881, the ends of track- At the \ Company under which the sleeping and hotel cars run over the »>ere 857 miles apart. They were advanced during the year: i Northern Pacific lines will be the joint property of the railway Fromtheeast ""l*" 1*"* and the Pullman Company, each owning an equal interest in From the west '* the same and sharing equally the profits aad losses arising from -85 the service." * * * Total i w'H "The operations of the treasury of the company during the fis- leaving, June 30, 1882, 572 miles to be built. This *!»_ J cal year are fully set forth in the general balance and the income les.sened by the close of 1882, probably, 300 miles, leaving 772: final connectkm and revenne accounts, showing that the cash on hand at the miles of track to be laid after Jan. 1, 1883. The j 1883. I commencement of the fiscal year was $11,567,944, and the re- of the tracks is expected to be made during the season of receivM ceipts from sales of bonds and preferred stock amounted While the company is pushing its lines with money to j all $4,682,086; the expenditures of construction funds during the from bonds, &c., the income account embraces n;ceipt« from — .. .. . 346 THE CHRONICLE. [Vol. XXXV, Boarces, and the total receipts and expenditores are given as The various lines operated by this company are leased on follows: the following terms: OENKBAL INCOME AND KEVENCE ACCOITNT. " The Cincinnati Lafayette & Chicago Railroad, from Lafay- Heeeipls. Mrpenditures. ette to Kankakee, under an arrangement to pay its fixed charges. Oaeb bal. July 1, 'SI. ..$11,567,944 Oocratlng a.^penses... $:3,257,723 The C. L St. L. & C. Company, owning all the second mortgage Beeeivpd from— Interest and rentals ... 1 ,043,869 EarninKS 5,430,305 Taxes 113,275 bonds, and substantially all of the preferred stock, it has had Land Department... 1,426.461 Land Dcpt. expenses & to pay interest upon only $1,120,000 seven per cent bonds and 47,212 balance applicable to Investments six per cent upon one-half of the cost of the road between Lafay- Prociprts of bonds .. 3, 52 ,500 cancellat'u preferr'd. 4 • * Preferred stock sold 1 ,137,486 stock and bonds 703,177 ette and Templeton. leased of the Lake Erie & West. RR." Surplus cirulngs, ad- Prof. 8tk.& bds.cauc'l'd 898,256 " The Fairland Franklin & Martinsville Railroad has been vances on gen. mtg. Construction IJ.488,657 operated by this company under a temporary agreement to bds.. & outstaud'g New equipment 2.138,956 pay its taxes and keep the property in repair. Our company pay-roll checks.... 7,430,216 Impr'mts <.\i better'mts 1,185,944 Material not yet In owns substantially all of the capital stock. There are no bonds. $30,634,227 track 3,499,114 The road is self-supporting, and a good feeder." * » * Depot grounds, Minne- " The Harrison Branch RR. has been apolis 265,322 operated under a tempor- ary lease of seven per cent upon its capital stock of $200,000, 1,577,993 or $14,000 per annum. This amount has been first deducted Bal. aocts. receiv'ble & 3,039,923 froji its gross earnings, and the balance carried into the earn- $30,634,227 ings of our company. The expenses have been included each LAND DEPARTMENT. month in those of the main line. Of the $200,000 of stock of this companjr, the C. I. St. L. & C. Railway owns $126,600, so report ot Col. Chas. B. Lamborn, Land From the annual that |8,862 is a credit to its net receipts. The road just about it appears that the total sales of lauds and town Comm:ssioner, earns its way, allowing it a strict pro rata on the tritBe with the year ending June 30, 1882, were: lots by the companyjduring this company, without charging it any terminal. Eastern District "On July 1, 1881, an agreement was entered into to operate Acres sold. 287,455, for $l,03i,692 the Vernon Gtreensburg & Rushville Railroad for five years, and Town lots sold for 173,231— $1,208,923 Montana l>istript— pay its fixed interest and carry the debt due this company. AcrcsKOld, 239, for 621 The road was new and it has cost largely to keep it in order." Facific District- * * * " Undoubtedly the line the coming year will be self- Acres sold, 177,513, for $474,730 Town lots soid, for 25,062— 499.793 supporting, besides furnishing a large traffic to the main line. At the expiration of the lease, the debt due this company Total 8.ales, 465,208 acres and town lots, for $1,709,338 should be good." * * * Followthg is a comparison of the earnings, operations and " The Kankakee & Seneca Railroad, which was just com- the general balance for two years, prepared for the Chronicle: menced at date of last report, was opened for traffic in March last. The construction train, however, was not taken off until KOAD AND HQUIP.MEXT. August of this year. This company advanced one-half the cost 1880-81. 1881-82. Miles oper.ited June 30 754 1,293 of the road (42 miles in lengtht, $i?25,000, and agreed to operate Locomotives 101 158 it, keeping an account of earnings and expenses. So far it has Fassengor, mail and express oars. 61 104 earned its expenses, but no profit. This, however, is doing Frcigbt cars 2,525 4,483 exceedingly well for a new road." C!oal and all other cars 503 619 "The securities owned by the C. 1. St. L. & C. Railway Com- OPERATIONS AND FISCAL liESni.TS. pany in these various lines are as follows: Operations (eastern (tirisions)— 1880-81. 1881-82. 1,995 sliares Fairland Franklin & Martinsv. ER., par v.alue .$-19,875 carried Passengers 152.914 297.680 35.437 sliaves pi-ef. stock Clu. Laf. & Chic. RR., par value ... 1,771,850 Passenger mileage 15,240,509 34,329,018 2.532 shares Harrison Branch Co., par value 126,600 Eate per piL^senger per mile 3'91 ots. 3-33 cts. 3,590 eliai-es Vernon (Jreensburg ^tal • 127,003,800 136,989,398 Operations— 1878-79. 1879-80. 1880-81. 1881-82. * Including lines under construction. Passengers carried. .. 521,580 739,465 759,332 883.530 Passenger mileage ... 17,689,617 27.839,061 29,870,496 34,845,935 2 Cincinnati Indianapolis St. Louis & Chicago. Rate p. pass. p. mile.. 2-72 cts. 2-63 cts. -.52 cts. 2-37 Cts. (For the year Freight (tons) moved. 540,815 1,130,504 1,255,984 1,201.319 ending June 30, 1882.) Fieight (tons) mileage 48,637,803 105,567,662 128.936,363 134,134,071 The annual report in pamphlet form has just been issued, and Av. i-ate p. tn. p. mile 1-52 cts. 1-34 ots. 1-21 cts. 1-18 cts. states that the year 1881-2 was one of heavy tonnage and low Earnings- rates, as the trunk line war, which commenced early in 1881, Passenger... 460,432 564,551 689,469 787,690 reduced all through rates to less than cost. Ia addition to the Freight 763,420 1,052,181 1..509,442 1,534,005 Mail, exp., rents, &c. 118,849 141,510 166,147 204,296 loss from low rate.s the grain crop of 1881 was very short, and this largely decreased the tonnage for the latter half of the Total gross earnings 1,342,701 1,761,242 2,365,058 2,525,991 fiscal year. Notwithstanding these losses, there was an increase in earnings, both gross and net. Operating expenses-- The balance of the track between Cincinnati and Maiut. of way, Skptrmbbh 23, 1882. THE CHRONK^LE. 317 V. INCOMB ACCODKT. 188()-81. 1881-82. Tritch. William Barth, 3. H. Klbert, C. W. Fisher and R, W. $ Woodbury. The officers elected were as follows : President, Net earuings 961,490 1,000,603 ex-Gov. John Evans ; Vice-President, J. 8. Crown ; Treasurer, ffi tt Z>i»6i(i'»eme)»/»— C. B. Kountze ; Secretary, Charleo Wheeler. The stockholder,* Rentals palrt 6,891 6.732 Interest on bunds...... v..., 5i35,909 591,326 approved of the issue of the new mortgage seciiring 112,000,000 .'-." Dividends ,i 1 180,000 300,000 of lx>nds and the arrangements made with Winslow, Lanier & 4^2 [>• e. 6 1). 0. Rate of dividenils Co., of Na.ssau Street, New York, for the sale of the same. A for Total ilisbui-soments. 752,803 938,058 number of branches and extensions are projected the road. first to constructed. Bftlancc, surplus . 203,687 42,531 bat the main line is be BALAHCK SHEET, JUNK 30. Denrer & Illo Grande.—The Utah extension of the Denver Aatels- 1880. 1881. 1882. & Rio Grande Railway Company has been completed 370 miles Constructiou and equipment $11, 193,030 $12,337,!).'>1 S13, 139,176 from Denver and lacks only 92 miles of reaching the Utah Oldolairax ir.9,9.57 Aykv: Sundrv railroad securities 87,071 29o,2(>l 36.5,91a boundary. A private dispatch recently received from MaterialH, &c.. on hand 91,724 64,585 144,128 President Palmer states that apparently th^re is nothing to Sundry persons and accounts ... . 155,777 245.403 1,300.937 prevent reaching th<» Utah boundary in Dscembfr, and making Cash on hand 23,740 .593,967 337.512 connection at Green River in February. Total $12,016,322 $13,539,171 $15,587,068 — Galveston Harrisburg & San Antonio —The earnings for Liabilities against $112,000 in CIn. lud. St. L. & C'hicaso stock. $4,000,000 $7,000,000 August were estimated at about $150,000, Ind. & Ciucinuati boud.tof 1858. 1,600,000 1,600.000 August, 1881. The extension to El Paso lacks only 15 miles of 409,000 499,000 Cincinnati The general account June 30, condensed, was as follows : ? 04,300. St. Louis Iron Assets Liabilities. Hudson River Coutiacting Company— '. Contracting Cona- Construction . . . J3,516,52o Stock $2,244,400 Mountain & Southern.—The Hudson River ,S50.000 New & Kiel), and floutli- Bonds 1 pany, which ')va8 building the Knobel branch of the St. Lotiis ea.st<;ru 150,000 railways Notes payable 200,000 finishing about 97 miles of Other stocks A property. 62,603 Simdrv accounts 40,421 Iron Mountain & Southern, after Notes & bills receivable. 354,052 Ke.serve 249,549 road, is closed up, an,d the subscribers receive Iron Jlountain 5 Ac'ts, balances & cash.. 27.464 Earnings 48,677 per cent bonds. For each 40 per cent paid in cash they get 60 Steelralls, materials, etc 222,402 subscriber paid |4,000 receives bonds j in the bonds—thu^ a having Tot.il $4,633,048 Total of the par value of .?6,000, worth in the market about $4,o00, $4,633,048 I giving a profit of about 20 per cent. This settlement is said to be different from the original understanding, and some of the GENERAL INVESTMENT NEWS. subscribers are inclined to grumble. But perhaps they would grumble against Mr. Gould whatever he dicf. Baltimore Ohio has Baltimore & Ohio Telegraph.—The & Indianapolis & St. Louis.—The purchasers of the Indianap- line to opened its new telegraph from Washington Richmond. olis & St. Louis road at the recent foreclosure sale have filed As rapidly as possible the new company will endeavor to extend with the Secretary of State of Indiana articles of incorporation to'.Norfolk, Charleston, Savannah, Augusta, Atlanta, its lines under the title of' the Indianapolis & St. Louis Railway Com- Orleans all the principal cities Montgomery, Mobile, New and pany, the old title being the Indianapolis & St. Louis Railroad of the South. The company has laid cables across the narrows Company. in New York harbor from Staten Island to Long Island and will Falls Sioux City.—The earnings &ince March 31, thus get connection with New York. Iowa & the close of the financial year, have been as follows": 1882, $207,- Chicago & Northwestern.—The following communication was 613 ; 1881, $214,467—Decrease, $7,454. sent to the Stock Exchange from the Chicago & Northwestern Little Rocli & Fort Smith.—It is reported in Boston tliat Bailroad Company : Jay Gould has lately been in negotiation to secure this road as New York, Sept. 20, 1882. to Iron Mountain. To the New York Stock Exchange a feeder the The Chicago & Northwestern Company hereby gives notice that it Louisville & St. Louis Mr Line.—The Louisville & St. has perfected consolidation with the Menominee River Railroad Com- Louis Air Line Company announce the completion of the pany and the E.-icauaI)a Superior Railroad Co.—two of its proprie- & Lake Louisville Evansville & St. Louis Railway between Louisville, tary roads in Michigan—at the adjourned meeting of the stockholders held.1t Jiscanaba, Mich.,on the 14th inst.; and that it will, .liter thirty Evansville^and Mount Vernon, 111 , connecting at the latter point days, issue at its convenience the amount of 16.200 shares of its com- with the Louisville & Nashville Railroad for St. Louis ana the mon stock in pajment and exchange for the capital stock of said Meno- West, and forming the Louisville & St. Louis Air Line, which minee River Radroad Company and of the Escanaba UaUroad Company in accordance with the terms of eneli con.solidation. will be opened for through business October 1. CHICAOO & NoHTUWESTEBN RAILROAD CO., Marquette Houghton & Ontonagon.-The net earnings for by M. L. SVKES. Vice-President and Sec. July were $94,320, making the tet earnings from January 1 Colnmbiis Chicago & Indiana Central.—Notice is given that $337,909, against $174,693 in 1881, a gain of $163,216. before Oct. 1, 1882, when the time limited by the reorganization Metropolitan ElcTated.-The N. Y. Times reports that agreement of this company will expire, persions must sign the Attorney-General Russell has announced his determination to same if they desire to participate in its advantages. Subscrip- bring an action in the name of the people of the State of New tions will meantime be received at the office of J. S. Kennedy & York to remove the Gonid- Field-Sage clique from the directory Co., 63 WUliam Street, or C. J. Osborn & Co.. 34 Broad Street, of the Metropolitan Elevated Railroad Company. This decision New York. is made upon facts presented in an application made by Mr. Denter & New Orleans.—At a meeting of the stockholders Sylvester H. Kneeland of No. 52 Wall Street, and others, rep- the capital stock was increased from $10,000,000 to?15,000.000. resenting the interests of the stockholders of the Metropolitan corporate The board of directors, as now constituted, is as follows : John Company. He explains the existence of the three BvaoB, J. S. Brown, C. B. Kountze, D. H. Moffat, Jr., Geo. companies connected with the city's elevated railway .system . 348 THE CHRONICLE. [Vol. XXXV. the Metropolitan, thfl New York and the Manhattan. The large pecuniary interests of the Gould directors in the Manhattan Wxt (f^ammtvcml %ixnts, Company as against the Metropolitan are reviewed, and the notorious agreements and supplementary agreements made by these directors to the injury of the Metropolitan are considered. COMMERCIAL EPITOME. " In conclusion, the Attorney-General declares: " The cestiiis Friday Niqht, Sept. 22, 1882. nue trust, or shareholders, are so utterly in the power of the directors to increase or depreciate their property rights that The weather has been unseasonably warm during the most of the law imposes a stringent rule upon the trustees. Where the past week. The temperature resembled July rather than latter clash with the interests of the tie private interests of the September, and has served to reduce activity in many branches Bhareholders, they must prefer (1:e beneficiaries. No personal of trade. stringent money market and a decline in foreign advantacce at the eipense of the shareholders will be tolerated. A The same gentlemen may be trustees in different companies, exchange have also been disturbing elements in business circles. but when they favor one company at the expense of another, Yet the declines in prices of staples of agriculture are not so act for the injured unless that one assents to they must cease to general nor so great as last week, and values appear to have their action. I recognize that there may be some difference in reached more solid basis. A number of political conventions, the degree of responsibility of the six surviving trustees for the a acts complained of, but sufficient cause apparently exists for the in the results of which unusual interest was felt, have been removal "of all. The action may be begun as requested under held this week, and it may be expected that political affairs will the priictice and limitations provided by the Code of Pro- receive some attention in the next few weeks. cedure." There has been a free speculation in provisions; the changes, prices have been marked and important, Mexican Central.—The opening of the Mexican Central in but the general drift, particularly in the case of lard, has been downward. Railroad to Chihuahua upon the 16th inst., is celebrated this can be said to have been fairly sustained as week with great rejoicmg. The rails of the Central road have Pork to-day's sales on the spot just reached Chihuahua, 225 miles south of El Paso, but the were quite liberal at $21 25@21 50; September,. October and November options were quoted at 40. grading is completed fifteen miles farther. Upon the southern $21 10@21 was dull and nominal at $21 10@21 40. Lard end the track is about twenty miles out of Leon, which is 258 Bacon was again unsettled to-day with miles from the city of Mexico, making 503 completed miles of irregular and the "short" clique in the- Prime Western sold on the spot at 12 30c., the main line of the Mexican Central. The whole line as pro- ascendant. closing 12-35@12-40c.; refined for the Continent 12 65c.; for jected will be about 1,300 miles, and thus far about $17,000,000 future de- has been expended. livery a large movement was reported at 12 15@1242>ic. for October; 12@12-25e. for November; ll-80@ll-87^c. for De- New York Lake Erie & Western.—It is stated that foreign cember; ll-82>6@ll'85c. for seller year; 11 67?2@ll-75c. for holders of Brie preferred began a suit several months ago January; 11-67^@11-7.')C. for February; n-70@ll-75c. for against the company to compel the payment of the dividend March; ll'77@ll-76;>6c. for April, and ll-70@ll-75c for May,, earned in the fiscal year ending Sept. 30, 1880, when the money with the tone easy at the close. Bacon was quiet at 14c. for •was applied to betterments of the property. The income bond- long clear. Beef hams quiet at §17.50@18 00. Beef quiet at $30- holders who have kept coupon No. 1 and received payment for @35 for extra city India mess. Tallow steady at 8M@8%e. No. 2 would also have a claim for payment of No. 1 if the pre- Stearine dull at 12Mc. for Western and 13^e. for City- ferred stock was awarded a dividend. Butter and cheese were steady, and yet only moderately active. Sugars have been the feature of the grocery market during Nasliville Chattanooga & St. Louis.—The following is a week, prices at tl^e close were statement of receipts and expenses for the month of August, the past and much improved.. Coffee has not received important attention, and other articles and for the first two months of the fiscal year : have been somewhat slow. To-day Rio coffee was quiet at 8@ August . July and August- lO^c. for cargoes ; 500 bags December were sold on 'Change at Seeeipts— 1882. 1882. 1881, Passage $17,4,23 $91,161 $95,727 6'90c. and 250 bags November at 685c. Mild grades were in job- Freight 109,140 214,632 211,910 bing request only at 12>i@20c. for Java and 8/^@12^c. for Mails 3.623 7,247 7,247 Maracaibo. Molasses has been firm for the better grades, but, Eeuts and privileges . . 8,116 16,253 3,862 as will be seen in the quotations, the offerings show a very irreg- Total $168,301 $168,317 $329,294 $318,747 ular quality ; 50 test Cuba refining, for instance, is quoted Operating expenses... 100,010 100,756 193,717 200,561 from 30 to 34c., Porto Rico, 35@58c., and English Islands 40® Rice sells only in a jobbing way. sugara were Surplus over op. ex.. $68,293 $67,560 $135,577 $118,180 50c. Raw again in demand and firm at 7%@756c. for fair to good refining }: Interest and taxes .. $16,397 $45,666 $92,684 $86,226 Martinique sold to-day at 7 l-16c. ; molasses grades, 6^@6/6c.j —The annual report, of which abstracts are published in the centrifugal, 8M@8%c.; Muscovado, 7c.; Trinidad, 7%@7 3-16o.;. Nashville papers, shows the indebtedness of the mortgaged Pernambuco, 7%c. Refined is firm and in demand ; crushed, road June 30, 1882, as $8,649,000. The net earnings of the main 9/^c.; powdered, 9%@9?2c.; granulated, 9 3-16@9^c.; standard line and branches and the interest disbursements were as follows: "A,"8%@9c. JVc{ Interest Tobacco—Kentucky quiet; sales for the week 115 hhda. for Farnings. and Taxes. export, and 59 hhds. for consumption; total 174 hhds. Price* Uashville Cliat. &St. Louis, main line $768,218 $501,004 unchanged; lugs 6@7^ct and leaf 7@14c. Seedleaf has con- l>}banon br.-mch 38,030 23,650 MoMiimville brancli 13,626 15,428 tinued in good demand, and the sales for the week are 3,050 Payetteville brancli j 12,503 16,896 cases as follows ; 900 cases 1881 crop Wisconsin Havana seed Centi^eviile brancli 2,658 8,591 assorted 16@18c.; 550 cases 1881 crop New England wrappers I>uck Kiver Railroad 18,006 20@25c., and Housatonic assorted 18@22c.; 200 cases 1881 crop $835,043 $553,577 Pennsylvania private terms; 250 cases 1880 crop do. 6@20c.; Duck Kiver Kallroad, loss 1,450 420 cases 1881 crop Ohio assorted 5Mc. and wrappers 7M@10c., ISSO crop Ohio fillers assorted $333,592 732 cases 4^c.; 6@7c., and wrap- Surplus $259,014 pers 10@ll}^c. Havana fillers are in moderate demand; sales Dividends on stock Investments 39,006 400 bales 88c.@$l 17?^. Naval stores were generally better to-day in .sympathy Making total surplus $288,021 English Tile surplus for 18S0-81, after paying interest and with the and Southern markets ; strained to good taxes, was $336,406 strained rosin was quoted $1 80(g)$l 90. Spirits turpentine wa» Balauce of the proceeds of sale of $1,000,000 stronger at 43%@44c. Refined petroleum has been active for second mortg. bonds, after expenditures shown in last report 566,569 export and closes strong at 7%@8c. ; crude certificates have been Surplus as per this report 289,021—$! ,192,087 very active. No little excitement has been reported on rumors- There have been paid two dividends, one of 3 per cent and of a sharp corner in Oil City. At one time the market waa one of 1;J^ percent, $300,164; for improvement of track, $352,- 853^c., which was followed by a decline to 75c.. and to-day with S16; for new iron bridges, $61,302; for new engines, $104,128; over 9,000,000 bbls. sold the market opened at 78c. and advanced closing at for new cars, $255,423; for new depots, $60,525; for new offices to 84c., &2%@83o. October options advanced to at Nashville, $31,843; for new yards and side-tracks, $41,079; 83 %c., November 85 %c., December 87%c. and January 89%c. for hoist at Martin, $9,034; for elevator and wharf, Hickman, Steel rails have been fairly active at $46@$47 at the mill ; old- $17,223; for elevator at Johnville, $2,028; for new iron turc- iron rails sold at $27 for "Ts" and $30 for "D. Hs." Lake firm tables, $1,935; for real estate, $40,097; for fencing, $23,058; for copper has been at 18Mc. and 1,000,000 lbs. of Baltimore McMinnville extension, $46,231; for Centreville extension, $80,- was sold at 17?6c. Lead is stronger with 1,000 tons domestic 426; for Duck River extension, $85,774; total, $1,512,594, making sold at 5'10@5'15c. Hops have been excited on continued in England unfavorable reports an excess of payments over receipts of $320,507. "This, with advances and somewhat fronx the cash on hand June 30, accounts for the increase of the Germany. To-day State 1881 choice sold at 60@62c. here, and floating debt, all of which can be liquidated by the sale of the the new crop realized up to 65@66c., with large sales reported bonds authorized to be issued upon the completion of the Mc- in the country at 60@61c. Minnville and Centreville extensions and the disposition of the A fair business has been reported in ocean berth-room with ?144,000 Duck River bonds held by this company." the rates generally in favor of the shipper. Charter room, especially for oil tonnage, has been well maintained, owing in Natchez Jackson & Colnmbns.—The completion of the great part to the small supply of vessels offered. To-dav iNatchez Jackson & Columbus railroad from Natchez to Jackson grain was taken to Liverpool, by steam, at 4d., although a small was celebrated at Jackson, Miss., Sept. 14. lot was taken earlier at 3^d.; cheese, 22s. 6d.; bacon, 178. 6d. New lork & New England.—The work of double tracking @20s.; flour, 15s.; cotton, 5-32@7-32d.; grain to London, by the New York & New England Railroad is proceeding, and in a steam, 3%@3M-> do. to Glasgow, by steam, 3?4d.; do. to short time two tracks will extend the entire distance between Antwerp, by steam, 6lid. ; do., by sail to Bilboa, 6s. 10}6d. per Boston & Hartford, 117 miles, over which the bulk of the busi- quarter; do., by steamer, to Marseilles, 4s. 7/2d.; refined petro- ness of the road is carried. leum to Hamburg, 3s. 7d. . September 23, 1883.] THE (^HKONICLE. 349 COTTON. IT* In January and Febnury, 1882. targe additions to ear port recoliits wore made, (or om'sulous ditrlaR previous weeks of a potv September 22, 1882. JB^iDAT. P. M., tlou of the City Point, Ac. movoiuont. Cuasoqucotly we have now 'Thb Movsmbnt op thb Crop, as indicated br oar teleprams revised our weekly and monthly tables of receipts from Sept. 1, lUSl from tha Simth to-niK^t, is ^iven below. For the week ending to Fob. 1, 1892, and Incorporated the omissions In the weeks to which this evening (Sept. 22) the total receipts have reached 77,323 tlioy bel"ii« Instead of lii«ertln« them In bulk In December and January bales, against 40,.') 1 2 bales last week, 28,688 bales the previous In addition to above exports, our telegrams to-night also giv« week and 23,032 bales three weeks since ; making the total as the following amounts of cotton on Bhipboard, not cleared, at receipts since the Ist of September, 1882, 160,478 bales, against the ports named. We add similar flgares for New York, which 295,021 bales for the same period of 1881, showing a decrease are prepared for our special use by Messrs. Carey, Yale & «ince September 1, 1882, of 134,543 bales. Lambert, 60 Beaver Street. Seeeiptg at- S Wilmington...... Horfolk Sat.. Quiet .... 455 455 64.400 200 Mon . Quiet at 1,8 dec .... 520 16 536'1 12,800 200 Hew York 9,020 1,122 3.4(14 13,606 38.989 3,956 6.8:5 49,800 Tues. W'k 350 THE CHR0NI(;LE. [Vol. XXXV. Th« Salbs and Pricks op FtrniBBa are shown by the follow- 1882. 1S81. 1880. 1879. Stookat Liverpool bales. 530,000 693.000 534.000 216.000 ing comprehensive table. In this statement win be found the Btook at Ix>ndon 75,800 44,300 52,900 62,695 daily market, the prices of sales for each month each day, and Total Great Britain stock 614.800 737.300 586.900 308.695 th« closing bids, in addition to the dailr and total sales. StookatHavre 116,000 173,000 72,300 110,130 Btoek at Marseilles 1.200 4,580 8,540 1,830 Stock at Barcelona 24,000 41.300 40.100 14.262 « S Stock at Hamourg 3,000 1,500 4,200 Z,400 00 !1 Stock Saturda at Bremen 31,000 42.500 26,700 16,649 2511 02.S.5 Sales, §311 Closln Prices « n A 09 5mno ?rB * S«03k at Amsterdam 10,400 OB « a" S" 26,900 18,100 27,972 Da,-- S ^ '^ Stock at Rotterdam 1,300 3,470 2,530 1,938 o- c^ Stookat Antwerp 800 S S 'go? ."d?:? 2,300 981 :£& Stock at other contl'ntal pons. 17,400 23,700 11,000 3,494 **. S Ui continental ports 206,000 '5; » a: M Total 319,250 184,451 188.660 i-* M E5 1 i CO a Total Enropean stocks. . .. 820.800 1,056.550 771,351 497,355 I India afloat for Europe. 207,000 : *: I I cotton 110,000 90.000 153,891 r: I t T'l Amer'n cottOB afloat for Eur'pe 53,000 1 13,000 126,000 47,046 -hj !- Egypt,Brazil,&c..aflt forE'r'pe 15,000 14.000 17.000 3.653 gcS-,w Stock In United States ports . 152,104 311.037 255.173 197,305 O tOtoO oO#.S Stock in U. 8. Interior towns.. 17.313 87.191 61,009 40,774 United Ststes exports to-day.. 5,600 8,630 12,000 1,000 cbo Total visible supply 1,270.817 1.760.518 1,332..533 941,024 CO CO CO to Of the above, the totals of American and other descriptions are a I (ollowB 101- 10 to to to Amertean— OCO cse 66 to to Liverpool stock 229,000 547,000 344.000 96,000 Wins C'»(0 cc;oco tOM^j Continental stocks 64.000 168,000 95,000 SCO 8*. 94.000 ®.- I I I S#- I «» J WMOT American afloat for Europe 53,000 113,000 126.000 47,046 tSNO tot»o tOr Dnlted States stock 152.104 311,097 255,173 197,303 66o CDOO I 6o wtoo Dnited States interior stocks.. 17,313 87,191 61,009 40,774 ca COC^I United States exports to-day.. 5,600 8,680 12,000 1,000 CJIO CnOf Total American 521,017 1,264,963 893,182 476,125 tOtOM V'T'to O0510 COCO ll^CO coco coco 23,000 bales. to GO C5tO|-> K>Om CO to 8*^ siio The above figures indicate a decrease in the cotton in sight I ero r^ro fro 'T'TO "To to-night of 489,701 bales as compared with the same date of 1881, co**.o *-l>»0 coi;^© ucoO co*.o I OitO coco to M 6cD CD 00 00 JO oo O05 *-•£ 1-* (-* «-* CD en !OtO to "to to c CO to'tt*. M C Ct o^i o^ to CO rf- to fCi. li or S" I 8 I 8.>- CO •— ' W ( two — ^ 2 o o I o I r-too >?o lO I I I o I I o 60 CDOO I oDco **'pwpt»;'ic;th-uir-'o;»--05^oo< 1^ oo CD 1 QD Bbokipts from tub Plawtatiohs.—The following table is Columbus, Mississippi. —We have had no rain during the prepared for the purpose of indicating the actual movement each past week. Average thermometer 77, higbest 91 and lowest 64, week from the plantationn. Receipts at the outports are some- Little Rock, Arkansas. —We have had rain on two days of times misleading, as they are made up more largely one year the past week, and the remainder of the week has been clear than another at the expense of the inferior stocks. We reach and warm. The rainfall reached eighty-three hundredths of therefore, a safer ooncmsion through a comparative statement an inch. The thermometer has ranged from 50 to 88, averatr-^ like the following. In reply to frequent inquiries we will add iiig73. that these figares, of course, do not include overland receipts or Memphis, Tennessee. —It has rained on three days of the Southern consumption; they are simply a statement of the past week, on one of which constantly, the rainfall reaching weekly movement from the plantations of that part of the crop one inch and tliirty-five hundredths. The thermometer iias which finally reaches the market through the out-ports. averaged 75, the highest being 88 and the lowest 54. REOBlPra PROM PLAKTATIONS. Na.^hvlUe, Tennessee. —Wo have had rain on one day of the past week, the rainfall reaching forty-nine hundredths of an Port). at Interior Toumt. Itec'pt4fr»m Ptant'nt. Week ReceipU at tht Sl'k inch. The thermometer has ranged from 57 to 90, averag- 1880. 1881. 1882. 1880. 1881. 1882. 1880. 1881 1882. ing 77. Mobile, Alabama.—The weather has been warm and dry July 7.. 14,070 ID.IBS 77.0311 72,3»i 42,843 9,927 12.937 2.012 during the past week. The crop development is very encour- U... 10.681 18,199 8.142 70,7H) 74.008 35.454 4,404 19,811 753 aging, and good is 81... 13,148 19.8tl8 9.150 iO.882 65,756 3I.6i8 2,081 11,115 5.818 progress l)eing'made in picking. Average 10,859 18.151 e,12(] 62,503 B8.277 28.276 3,682 8,672 2,780 thermometer 78, highest 90 and lowest 68. Aug. 4. ... 8,»8'j 17,818 4,815 44.324 52.441 24,146 801 11,882 888 Montgomery, Alabama.—'She weather has been warm and 11 8.891 13.068 4.91! 3S.800 48,273 21.093 3.167 6.894 1,438 dry during all of the past week. Picking is making excellent 18 8,3»a 20,533 6,359 33.198 45,371 16,533 3,264 17.838 1,798 progress _^and the planters are sending their crop to market 25. .. 21,123 85,078 12.35.i 33,471 40,493 14.827 20,926 80.199 10,144 The thermometer has ranged from 66 to 89, averaging Sept. t 43,082 18,722 23,032 32,712 46,422 15,526 41,323 53,652 24.231 77. 8 81,117 72,812 28.688 39.302 57,410 16,519 87,707 83,600 29.681 Selma, Alabama.—the weather has been warm and dry IS I0'i.69j 84,052 40.512 61,674 7«,4S2 19.115 115,087 112.004 52.108 during all of the past week. The crop is developing promis- 138.413 112,293 77,823 77.868 103.779 29.986 162.607 140,920 88,093 ingly and picking makes good progress. The above statement shows—1, That the total receipts from the Madison, Florida.—The weather has been warm and dry plantations since September 1, in 1882 were 173,978 bales; in all of the past week. It is claimed that much damage was done 1881 were 353,37.5 bales; in 1880 were 360,473 bales. by the recent storm. Crop accounts are less favorable, and it 2. That, although the receipts at the out-ports the past week is believed that the top crop will be poor. About half of the were 77,223 bales, the actual movement from plantations was crop has been picked ana the planters are marketing their 88,093 bales, the balance going to increase the stocks at cotton freely. The thermometer has averaged 84, ranging the interior towns. Last year the receipts from the planta- from 70 to 96. tions for the same week were 140,620 bales and for 1880 they Macon, Georgia. —We have had warm and dry weather were 162.607 bales. during the past week. Good progress is being made in gather- ing the crop. Weather Reports by Telegraph.—The weather the past Average thermometer 76, highest 87 and lowest 63. week has been very favorable almost everywhere for maturing Columbus, Georgia.—We have had no rain during the past and gathering the crop, and the prospects are very promising. week. The thermometer has ranged from 73 to 93, averaging 84. Galveston, Texas.—It has rained hard on four days of the Savannah, Georgia.—The weather has been pleasant during all of the past week. past week, but the raiu has been local, not extending to The thermometer has averaged 80, rang- ing from 70 to 89. the interior. The rainfall reached one inch and twenty-two Augusta, Georgia. —The weather has Ijeen warm and dry Tlie crop is unquestionably very hundredths. promising ; and favorable to the crop during the past week. Crop accounts there is the usual sporadic complaints about caterpillars^ are more favorable; cotton is opening well, picking is making good progress, receipts are increaang, and generally boll worms, rot, shedding, etc., all of which goes for nothing, a good class of cotton is being marketed. The thermometer has aver- as the present prospect is that nearly every section of the aged 77, the highest being 89 and the lowest 63. State will make more cotton than can possibly be picked. Atlanta, Georgia.—Telegram not received. Picking progresses finely. The thermometer has ranged from Charleston, South Carolina. —We have had no rain during the past week. The thermometer has ranged from 66 to- 71 to 86, averaging 78. 88, averaging 79. Indianola, Texas. —We have had a light shower on one day The following statement we have also received telegraph, of the past week, the rainfall reaching five hundredths of an by showing the height of the rivers at the points named at 3 o'clock inch. Crop accounts are more favorable, and good progress September 21, 1882, and September 22, 1881. is being made in picking. Average thermometer 80, highest 89 and lowest 71. Sept. 21, '82. .Sept. 22, '81. Dallas, Texas.—The weather has been warm and dry during Feet. Inch. Fut. tneh. New Orleiuis Below Uigli- water mark 12 13 6 week. crop is developing the past The promisingly, and pick- Memphis Above low-w-iter mark. 11 5 4 9 Nashville ing 18 progressing excellently. The thermometer has averaged Above low-water mark. 4 1 4. Shreveport Above low-water mark. » 4 2 78, the highest being 94 and the lowest 53. Vicksbury Above lo w-water mark. 13 Hiss ing. Brenham, Texas.—We have had a light shower on one day New Orleans reported below high-water mairk" of i87r~untn of the past week, the rainfall reaching ten hundredths of an Sept. 9, 1874, when the zero of gauge was changed to high-water mark of April 15 and 16, 1874, which is 6-lOths of a foot above inch. Excellent headway is being made with picking, and the 1871. or 16 feet above low-water mark at that point. crop promises to be large. The thermometer has averaged 83^ New York Cottojj Exchanoe.—One seat is posted for transfer ranging from 68 to 95. and two continu" to be offered for sale. The following is a list Palestine, Texas.—It has been showery on two days of the of visitors introduced this week : past week, the rainfall reaching fifty hundredths of an inch. O. D. Ucath, South Carolina. L. Tope Walker, Hnntsvllle. Ala. The crop promises to be the largest ever made. Picking is J. D. Jewe'.l. Gleiiora, Miss. Milton Ilorwies. Hiintsvlllo, Ala. A. A. DanielM. Wilaou, N. C. A. J. Beall. Norlh Carolina. progressing finely. Average thermometer 73, highest 90 and K. D. Byimm, Wilson, N. C. Levy Daviilson, North Carolina. T. I>. Caswell, Ansus'a. Go. II. Holme, Norlh lowest 63. Carolina. I.. Wels, Grand Lake, Ark. Saranci f impson. New Orleans. HuntsviUe, Texas.—The weather has been warm and dry J. P. Gibson, Concord, N. 0. W O. Upchurch, Raleixh, N. C. during all of the past week. The crop is first-class in every 8. B. Daniel, Baltimore. W. T. Lake, Mississippi. Avon Arniin, Liverpool. V. Bottman, Augusta, respect, and good progress is being made in gathering it. The Ark. A. K. Brown, New Orleaus. thermometer has ranged from 61 to 93, averaging 77. Weatherford, Texas. —We have had warm and dry weather Jute Butts, Baqqino, &c.—There is nothing new to report in during all of the past week. The crop development is excellent this market. Transactions continue to be of a jobbing charac- and picking progresses well. The thermometer has averaged ter, few inquiries being reported for large parcels, and the 69, the highest being 91 and the lowest 47. amount of stock moving is limited. Prices have not changed, Belton, I'exas. —The weather has been warm and dry all of but the feeling is easy, and it is probable that a round lot could the past week. Picking is making good headway, crops could be obtained for a shade less than the closing quotations, which not promise tetter. The thermometer has averaged 76, rang- are 7>6c. for l)^ lbs., 8c. for 1% lbs., 8%e. for 2 lbs. and 9Mo. ing from .58 to 98. for standard grades. Butts have been in fair jobbing d-'inand, Luling, Texas. —It has rained on two days of the past week. and parcels are moving as wanted Prices are about steady We still hear rumors of caterpillars, but think them of very and no lots are bwing f'lrced on the market. For paper grades little importance. Unless the picking sea.son proves unexpect- 2;!6@2^c. are the figures, while bagging qualities are held at edly bad tlie yield will be large. Picking is now progressing finely. Average thermometer 76, highest 93 and lowest 59. Ellison St Co.'s Cibcdlab for Sbpteubbb.—We have this week New Orleans, Louisiana.—We liave had no rain during all received Mr. Ellison's circular dated September 9, and give it of the pa.st week. The thermometer haa averaged 80. below : Shreeeport, Louvtiana.—Generally fair weather has pre- vailed during the past week, the rainfall reaching ninety-seven Course OP THE Liverpool Mabket, Auooax 10 to Sept. 9. hundredths of an inch. It is claimed that the top crop haa Our last report wan issued on the l.Oth ult. The market was been much injured by worms. The thermometer has ranged quiet for a few days, but subsequently went better, and on the from 62 to 92. 17th middling upland showed an advance of % 1. for spots and Vicksburg, Mississippi.—Telegram not received. near futures ; but distant cotton was kept in check by the good : ; . . ..352 •IHE (^HRUNICLE. [Vol XXXV. bales. There may be a similar error this year j if so, the- «rop accounts, and there was only a partial net advance of 000 with deflcit will have to be added to the deliveries, and also to th» l-64d. Between the 17th August and the 5th Septtmber, consumption. In the 96,000 bales surplus stock at an exceedingly small trade demand, very flat advices from Man- estimated English mills, it should be borne in mind that a considera- chester, continued favorable crop news, and anticipated liberal the over the market all idea ble proportion of the excess of 42,000 bales over the 54,000 receipts shortly, quite a change came ; held last year consists of Egyptian. The surplus stock of cot- of a squeeze for September diisappeared, and prices gave way ton on the Continent consists this year chiefly of Sarats and a-16d for spots. lB-64d. for Septembers, 9-64d. for September- it consisted chiefly of low American. for distant cotton. The decline led to Egyptian ; lastyear October, and 6@7-64th8 31C ^ 3fC "IT w V w better inquiry, especially as the American receipts continued a Peospects. 80 small as to give rise to revived eipectations of a pinch for take place. Simul- cotton before any imports of moment could For the immediate future the position of American cotton is and less gloomy taneously came an increased trade demand very strong, owing to the small movements at the ports caused is that the final prices accounts from Manchester. The result by the lateness of the crop, and to the consequent probability on the spot and near deliveries and show a recovery of l-16d. of limited arrivals here for some weeks to come ; but the cer- l-64d. to 3-64d. for distant. tainty of large receipts later on imposes caution on speculators- first half of the month Egyptians were very weak during the and relieves consumers of anxiety, so that the interregnum of prices ruling 10th to 24th ult.— and on the last-named day the semi-scarcity may be passed over without leading to any highest point. The fall were %A. to Id. below the previous advance of moment in prices, provided the crop advices con- consequent -was due to the British military successes and to the tinue favorable. Surats are in plentiful supply, and their posi- early enough to save a large possibility of the war terminating tion is comparatively weak. Egyptians are exceptionally situ- events have not sup- proportion of the crop. Lately, however, ated, and, as respects them, everything depends on the course- whole the decline has ported the early peace theory, and the of of the war. Brazils will be influenced more or less by Egyjjt- ten days, the present been recovered in the course of the past ians. Business in Manchester is just now exceedingly unsatis- lid. good fair rates being the highest yet touched—say for factory, but producers are hopeful of a better state of things- prices are brown, against 10%dj a month since. The high on the advent of increased supplies of American and a fall in thousand bales attracting shipments from Russia, and several prices to something like the figure now current for delivery Octo- have been sold for delivery here in September-October or d uring the winter months. ber-November at 10>6d, down to 10!4d. for good fair brown. Brazils are %d. lower than a month ago, except fair to good CoMPAR-WiVB Port RECEiPTa and Daily Crop Move.mest.— fair Macrio and good fair Maranham, which are unchanged. A comparison of the port movement by weeks is not accurate "Fine" Snrats are 1-1 6d. higher; the other grades are unchanged. as the weeks in different years do not end on the same day of The following is an account of the principal fluctuations in the month. We have consequently added to our other standing- the price of middling upland on the spot and for forward tables a daily and monthly statement, that the reader may delivery during the month. The fractional quotations for constantly have before him the data for seeing the exact relative- ** futures " are given in 64ths of a penny movement for the years named. The movement each months since September 1, 1881, has been as follows. Sep.- Ocl.- Nov.- Dec- Jan. Feb.- Mar.- 1882. Spot. Sept. aitditions to our port Oct. Nov. Dec. Jan. Feb. Mar. Apr. llaii'. r;^ Iq January and February, 1882, large receipts were made for omis-'ions durine previous weeks of a portion of Aug. 10.. 7 4 6 58 6 45 6 40 6 40 6 41 6 42 6 44 6 46 7'l6 tlieCity Point, CJOORSE OF THE MANCHESTER MARKET, AUOUST 10 TO SePT. 9. Monthly Tear Bej/inning Beptemlxr 1. An exceedingly unsatisfactory state of things has ruled in Beeeipts. 1878. 1877. 1876. Manchester throughout the month. Only a limited amount of 1881. 1880. 1879. business has been done, and this at wretched prices. The Sept'mb'r 433,490 458,478 333,643 288,84f^ 98,491 236,86» annual local holidays have reduced production a little, but October. 862,695 968,318 888,492 689,264 578,533 675,260- etocks have nevertheless increased. Producers have been look- Movemb'r 985,513 1,006,501 942,272 779.237 822,493 901,392 expecting, in ing to Liverpool to help them ; they have been Deoemb'r 972,094|l,020,802l 956,464 892,664 900,119 787,769- fact, such a rise in the price of raw material as would reani- 500,680- January . 487,727 571,701 647,140 616,727 689,610 business in Manchester, and enable them to clear off their mate February. 291,992 572,728 447,91>- 561,824 472,054 449,686- etocks. So far they have experienced only disappointment March. .. 257,099 475,582 261,913 302,955 340,525 182,937- whether their hopes are on the point of being realized or not April.... 117,595 284,246 158,025 166,45! 197,965 100,104 remains to be seen. Prices have fluctuated very little during May 113,573 190,054 110,006 84,299 96,314 68.93»- the month possibly not over %di. per pound—and they to-day — June 68,679 131,871 88,455 29,472 42,142 36,030« show little change from the ralies current at the date of our last July 36,890 78,572 54,258 13,988 20,240 17,631 report. Egyptian yams fell heavily a fortnight or three weeks August... 45,113 115,114 67,372 18,081 34,564 14,462: since ; but have latterly recovered the greater part of the Corrct'ns- 17,814 123 42,714 458 52,595 66,293: decline. Total year 4,720,364 5,874,090 5,001,672 4,447,276 4,345,645 4,038,141 Movements dueinq the Season, October 1 to August 31. Pero'tage of tot. pori deliveries to English and Continental spinners during the 99-9& 98-79 98-36 The receipts Aug. 31 . 100-00 9915 first eleven months of the season compare as follows with the Corrections 00-00 00-85 00-01 01-21 01-64 figures for the corresponding period of last season : Total port receipts. 100-00 10000 100-00 10000 I'^O-OO Oreat Britain. Continent. This statement shows that up to Aug. 31 the receipts at the ports this year were 1,153,726 bales less than iu 1880-81 an 1881-82. 1880-81. 1881-82. 1830-81. 281,308 bales less than at the same time in 1879-80. The receipt* Ho. of bales.. 3,205,220 2,914,180 2,767,790 2,711,t,'90 since September 1, 1882, and for the corresponding periods of Av.wght (lbs) 431 44S 417 4'J8 the five previous j'ears have been as follow.-;: Tot.wglit(lb8) 1,381,443,820 1,305.552,640 1,154,108,430 1,163,639,520 Bales of 40U lbs 3.453,000 3,264,000 2,885,001! 2,9C0,000 1882. 1881. 1880. 1879. 1878. 1877. The average weekly consumption for the past four weeks we Scpt.l.. 5,055 5,600 6,037 3,490 S. 403- estimate at 71,000 bales of 400 lbs for Great Britain and 60,000 " 2.. 2,890 10,356 5,66B 1,'843 5,708 8. for the Continent, against 69,000 and 58,000 respectively last " 3.. S. 10,182 10,512 1,391 4,051 1,31» year. " 4.. 5,86S B. 6,474 2,261 4,798 61& basis On the of the foregoing estimates, the movements for " 5.. 3,396 15,859 S. 4,927 4,224 1,008 ' the forty-eight weeks of this season and last compare as fol- 2,104 7,ll6 754 " 6.. 5,636 ! 9,069 14,754 -'iitows. In bales of the uniform lbs.: weight of 400 " 7.. 4,493 7,637 9,313 B. 4,108 1,701 " 8.. 6,405 8,181 8,616 5,454 8. 1,635 Great Britain. Continent. " 9.. 6,405 18,792 11,096 5,124 13,115 8. 1881-82. 1880-81 1881-82. 1880-81, "10.. 8. 13,034 10,862 4,978 7,341 3,035 15,640 4,858 6.238 1,39S Burplua stock Oct. 1 25,000 •27,000 240,000 112,000 "11.. 11,202 B. Deliveries to August 31. 3,453,000 3,264,000 2,885,000 2.909,000 " 12.. 5,643 16,593 3. 7,636 7,98 ^,108 error In 8tocJ£ Add I 55,000 " 13.. 7,474 17,797 30,842 7,069 8,537 1,6G4 " 14,674 15,117 8. 10,714 2,524 Supply 3,478,000 3.346,000 3,125,000 3,021,000 14.. 8,044 2,4,->9 Consumption, 48 -weeks. 3,382,000 3,292,000 2,880,000 2,720,000 " 15., 19,742 10,870 13,999 15.628 S. " 16.. 8,060 21,062 16,191 12,215 15,127 8. Surplus 6tj>ck August 31. 96,000 54,000 245,000 301,000 12,095 10,425 5^063: " " S. 20,900 Deliveries'ene to Bept 30. 251,000 •175,000 17.. 16,361 " 18.. 16,598 8. 18.470 14,071 10,032 4,10» Bupply . . : 3,o3o- 305,000 476,000 " 19.. 9,606 17,206 B. 14,935 11,125 Consumption, 4 weeks. 280,000 236,000 " 20- 12,733 19,476 30,306 17,082 16,033 2,735 BnrplUB stock Sept. 30. 25,000 240,000 " 21. 13,039 15,551 20,049 8. 11.302 6,340 4,049 " 22. 17,187 13,996 17,749 26,420 8. - The 55,000 bales added to last year's deliveries represent the 47,477 Total 160,478 265,321 271,601 161,409 158,897 proportion for eleven months of the bales deficit in 60,000 the Percentage of total Liverpool stock discovered at the 03-58 01-09 end of September, and portrec'pts Sept.22 05-62 04-61 03 29 wMcJi are included ia tie estimated consumption of 3,292,- .. ; Skptkmber 23, 1882.] THE CHRONICLE. 353 This stateniHnt shows that the receipts since Sept. 1 up to table showing the eiports of cotton from New York and their •to-night are now 104,843 bales leas than they were to the same direction, for each of the last four weeks ; also the total exportii day of the month in 1881 and 111,126 bales less than they were and direction since September 1, 1882, and in the last colnam to the same day of the month in 1880. We add to the table the total for the same period of the previous year percentages of total port receipts which had been received to the EXPOBTSOr CorrON (BALES) FBOK M8W TOBK SIHOB BEPT. 1. 1882. September 22 in each of the years named. Ihdia Cotton Movkkbut from all Pobts.—The flgnres which Week etidinff— Sam* Tolai period are now collected for as, and forwarded by cable each Friday, of Sxporled to— Aug. Sept. since prevPut the shipments from Calcutta, Madras, ^ticorin, Carwar, &c., 31. Y- ^s.'- 20. Sept. 1, year. enable us, in counectioi with our prtiTJously-received report from 6.898 13,161 16,808 8,720 38,689 33,140 Bombay, to furnish our readers with a full and complete India Other British ports 3,656 30t 300 4BO movement for each week. We first give the Bombay statement for the week and year, bringing the figures down to Sept. 14. TOTAL TO GRBAT BarTAIM 10,5M 13,101 16,808 9.020 38,989 33,599 BOMB\r BBCBIPTS AND 8IIIPMBST9 FOB ronS TEARS. Havre 961 1,015 1,789 1,122 3,056 2,374 Other French ports Shipments this week, Shipments smee Jan. 1. Keeeiptf. Total Fbench 061 1,045 1,789 1,122 3,956 2,874 7ear Oreat Oonti- Oreat Oonli' This Sltiee Total. Bril'n. Total. Britain nent. Week: Jan. v. Bremen and Hanover 107 77 79 1.030 1,186 460 2,220 1,297 408 1.783 3,48« 5,997 -1882 ...No reiwit IrM'dv'd Other ports. 1,500 940 590 50 1,580 212 1881 2,000 6,000 8,000i30 1.000 r.rj.OOO S46,000 3.000 I,l.")S,0O0 1880 1.000, i,ooO|3:)f;.ooo n;i,ooo 8'iu.ooo 1,000 1,080,000 Total TO Nobth. Ecbope 3,827 2,311 1,077 2,863 6,254 6,269 1879 1219,000 3 1 1 ,000l 590,000 7.000 792,000 Spain, Op'rto,Glbralt'r,&c 1,900 601 601 According to the foregoing, Bombay appears to show a All other —crease compared with last year in the weelc's receipts of Total Spain, &o 1,900 601 601 fcales, and a —crease in shipments of bales, and the 1 -shipments since January 1 show an —crease of balos. Qband Total 17,242 16,520 19,874 13.606 49,800 42,242 The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for the same week and years has been as follows. The Following are THE RsoBipra op Cotton at New York. Boston, Philadelphia Baltimore for OAMJCrT A, MADRAS, TanOORIW. OAKWAR, BAKOOON AND KOBBACnSB. iad the past week, Aud since September 1, 188^ Shipments this week. Shipments since Januarti 1. New York. \ Boston. Philadelphia. | Baltimore. Year. Oreat Conti- Oreat Conti- Receipts Total. Totiu. front,— This Since This Since Since Britain. nent. Britain. nent. 1 ThU ThU teeek, \Sept. 1. week. Sept. 1. week. Sept.l. week. Seju\. 1882 2,000 6,000 8,000 297,000 151,000 4.51,000 1881 3,000 3,000 187,000 71,000 25S,000 N. Orl'ana 2.609 7,411 1880 1,000 200,000 80,000 280,000 Texas.... 5,028 16.762 1,000 Savannah "937 "357 1879 2,000 i,6"oo 3.000 199,000 101,000 303.000 7,330 14,614 "ii'ie 2,718 Mobile . . The above totals for this week show that the movement from Florida . . B.Car'Una 3,877 8,509 "isi "i6i "so "630 'the porta other than Bombay is 5,000 bales more than same N.Car'lina 181 3 140 week last year. For the whole of India, therefore, the total ship- VifKiuia.. i",743 2,221 "206 628 907 imenta this week and since Jan. 1, 1882, and for the corresponding North, pts "lis 2,467 T6un.,&o. 452 "175 "312 "weeks and periods of the two previous years, are as follows. "iis 1,065 449 760 i',006 Foreign . 203 393 EXPORTS TO EnBOPE FROM ALL INDIA. This year. 21,258 51,192 1,207 4,361 809 1,673 1,990 4,705 1832. 1881. 1830. E*^iTyments Last year. 23,790 55,186| 2,083 2,943 1,361 1,793 3,612 8,249 to all Europe from— This Since This /Since This Since week. Jan. 1. week. Jan. 1. week. Jan. 1, Shippino News.—The exports of cotton from the United iSombay No rep't 1,335,000 8,000 816.000 1.000 839,000 States the past week, as per latest mail returns, have reached All other p'rts. 8,000^ 451,000 3,000 258,000 1,000 280,000 24,643 bales. 80 far as the Southern ports are concerned, these are the same exports reported by telegraph, and published in Total 8.000 1,786,000 11,000 1.104,000 2,000 1,119.000 the Chronicle last Fnday. With regard to New York, we This la.st statement! affords a very interesting comparison of the Include the manifests of all vessels cleared up to Wednesday total movement for the week ending Sept. 21 and for the three night of this week: years up to date, at all India ports. Total baltt. New York—To Liverpool, per stearaora Biela. 45 Caledonia Albxahdria Receipts akd Shipments.—Through arrangements 160. ...City of Chester, l,6j'0.... City of Montreal, 2,016 Helvetia, 1,214.. ..Parthia, 2,333. ...Wyoming, 1,242. 8,720 me have made with Messrs. Davies, Benachi Co., of Liverpool & To Hull, per steamer Salerno, 300 30O -»nd Alexandria, we now receive a weekly cable of the movements To Havre, per steamer Canada, 1,122 1,122 of cotton at Alexandria, Egypt. The following are the receipts To Bremen, per steamers Douau, 300 Oder, '730 1,030 «nd shipments for the past week and for the coiresponding week To Hamburg, per steamers Bohemia, 1,283.. Westphalia, 5(>0 1,783 To Antwerp, per steamer Vaderland. 50 SO of the previous two years. To Barcelona, per steamer Calilera, 601 601 New ORLEANS—To Liverpool, per steamers Discoverer, 2,421 Altxandria, Egypt, ....Jamaican, .3,000 18!<2. 1881. 1880. 5,421 Sept. 21. Baltimore—To Liverpool, per steamer OuillermoL 100 (addi- tional) 100 Cteoeipts (cantara')— To Bremen, per steamer America, 8 (additional) 8 Tills week.... 7,000 150 Boston-To Liverpool, per steamers Cephalunia, 1,159 Since Sept, 1 7,550 150 Glamorgan, 179 lUyrian, 1,107 2,44S PuiLAUELi-iiiA—To Liverpool, per steamers This Since ThU Since This Since Britiah Queen, 2,2C0 ....Illinois, 863 week. Sept. 1. week. Sept. 1. week. Sept. 1 3,063 Total 354 THE CHKONICLE. [Vol. XXXV. LiTBEPOOL. By cable from Liverpool, we have the following Indian corn has been unsettled and variable in the past week, at that •tatemant at the week's sales, stocks. &c., port: yet fluctuations were not wide. The weather at the Northwest little apprehension is felt has turned cold ; yet very that any con- Sept. I Sept. 8 Sept. 15. Sep*. 22 siderable part of the growing crop will be caught by froat. 46,000 46.500 53,000 10,.500 ales of tbe week bales. Bat the extreme scarcity of current supplies and the sense of Of which exi)ort«r8 took — 4.000 5,600 3,000 4,800 Of which speculators took.. 3.900 1,820 2.200 150 the great vacuum that must be filled before there can be any Sales Americau 29,000 31.500 37,500 26,500 1 oppressive glut on the markets, serve to support values. To- Actual export 7,600 1 ,000 10.500 9,000 4,100 Forwarded -• 3,300 4,900 4,600 day prices quite broke down, nearly nominal on the spot, and Total stock — Estimated 621,000 603,000 562,000 539,000 Of which AmericaQ—Estim'a 298,000 267,000 237,000 229,000 closed with No. 2 mixed at 73%@74c. for Oct , 71@71Mo. for import of the week 39.000 37,000 20.500 27,000 Total 665^(a66%c. for Dec. Rye is dull. Barley is coming Of which American 11,500 8,800 11,000 21,500 Nov. and Amount afloat 171,000 163.000 171.000 157,000 forward slowly, and prices are as yet quite nominal. Of which Am^rioan. ..^^^^. 22.000 27,000 13 00f 35.000 Oats have recovered a portion of the decline of last week. The tone of the Liverpool market for spots and futures each day of the nothing than the natural reaction week ending .Sept.. 22 and the dally closing prices of spot cotton, have There seems to be more been as follows: against a sharp decline. Supplies are less liberal, but it is evident that there are abundant stocks in the country. To-day 8atur Theactual sales of futures at Liverpn!>l fur the same week are given Wheat— I Oats- below. These sales are on the basis of Uplands, f^iw Middling oIsush, Spring.per bush. a .... Mixed 36 41 naleee otherwise stated. a Batukdat. Spring No. 2 a .... White 40 a S3 Red winter 95 ®109 No. 2 mixed 3914a 3912 Deliveru. d. Delivery. d. Delivery. d. No. Red winter. No. 2 07»231P8!W 1 2 white 46 » Sept. . 68le4a «o«4a6»s, Feb.-Mar 631(4 Scpt.-Oct 6»0e4 White 95 ai 11 Barley- Bept.-Oct.. .66a84»5ij4 Mar.-Apr 636(n Nov.-Dec 633g4 C!om—West, mixed 70 a 76 Canada No. 1 »1 00 OCt.-NOV 63864 May-June ..6*o^s,3»^ Dec-Jan 68254 West. mix. No. 2. 74 a 75 Ciinada bright... 8105 Nov.-Deo 63*84 June-July 6<2g4 June-July 6 Nov.-Dec. . .e«281®3l64 Mar.-Apr 632u4 | THCBSDAr. Total•tal .. 150.039 3.096,574 1,288,558 1,129,832 247,264 135,137 Same time '81. 145,699 1,285,798 3,850.875 923,025 401,881 159,056 Sept.-Oct 6<7g4 Nov.-Dec 63.164 Dec-Jan 63.384 I Total receipts at same ports from Dec. 26, 1881, to Sept. 16, 0ct.-N0V 637,J4 Dec-Jan 632,4 | Jan.-Feb 633,^4 Nov.-Dec 63264 Ma.v-.rune 6388^ 18S2, inclusive, for years | Juue-July 6*0a4 four osa^ 63384 I June-July Peb.-Mar 8ept.-Oct 6*8,4 1881-82. 1880-81. 1879-80. 1878-79. Sept 6»»64 8ept.-Oct.. . 0*884 ®*9„4 Dec-Jan 6-328. I Flour bblB. 5,273 479 6,28'5,3:!0 4,329,773 4.589,439 '.>56 Sept 4 I Oct.-Njv 63884 I May-June ..63»84®38^4 Friday. Wheat bush. 41.363.166 42,121.798 Cora 59,0'>3,3J' 10i).9dS,265 Sept . 63784 May-June . .... 03854 Sept ....6*764 I I Oats 32.672.918 32.266.0 It • eept.-Oct... 6*884 Juue-.Iuly... 6*064 . ....6.-7,4 I May-June I — Barlev 5.i90.75l 5,063.S6t Oct.-Nov. ... .63384 1 Jan.-Feb ....03264 Juno-July. ....0s9e* I .. ilar.-April... Kye 1,863.315 1,877.716 Apr.-May .63884 1 ....63*64 I Sept ----G''?ei Total grain .... 143,103.543 182,300,6J7 196.163.830 164,874.620 BREADSTUFF S. 1882. 1881. 1880. 1><79. Flour bbls. 1,003,885 1.168,229 960,416 8 14, .500 Friday, P. M., September 22, 1882. Wheat bush. 19.018.512 12,701,375 17..=.97,883 The flour market in thf past week has beea onlj modei-ately 22.899.150 U.>rii 9.SI2.393 30,065.151 24,069,415 16,217.611 active, and the tendency of prices has been rather in favor of Oats 10623.O33 .i. 812. 100 6,881,631 5,675.752 Barley 472.243 1,072,576 1,059.037 1.179,830 buyers, yet no material decline can be reported. Receipts an Rye 6i9,646 078.329 8 70,38 J 1.350,781 shipments are alike rather slow, and the local trade purchases PoTal grain .. 40,o7j.7i'7 50,5.'9.e31 00.511355 47.623,184 only to supply current needs. There is no accumulation of Comparative receipts (crop mnveoieat) at same ports fruin stocks, for there is every disposition to keep sales up to current July 31, 1882, to Sept. 16. 1882. as compared with the pre- supplies. Rye flour and corn meal have been dull. To-day vious three rears : the ilour market was dull and weak. Comparative shipments of flour and grain from the tiain e (.'ort* frotu Deo. The wheat market was rather dull early in the week, and 26, 1881, to Sept. 16. 1882, inclusive, for fonr fears: prices shovv,^d more or less depression, owinif to the falling off 1881-82. IS'^O-Wl. 1879-80, 187~,-79 in tho export demand, e=ipecially for Great Britain. Bat there Flour bbls. 5,217,974 0,282.739 3,248,761 4,980 313 continued to be a comparatively light movement of the crop, Wheat.... bush. 35.733.801 39.297.911 49.283.046 35.554.831 CA>ru 31.311.723 ocean freights declined, and there was au increased 81,211,619 98,012.087 04,89 7, t06 demand for Caw 25,819.537 6,881.631 20,113.921 16,554,235 the Continent. Some influence was also exerted by a "corner" Sarloy ... 2.307.365 2,166,126 2,030 989 2,507 ,7.'. 4 '00 1.926,627 1,419,2.57 1,934.100 3,057,810 on September contracts', at Chicago ; and yesterday, in this grain market, an early decline was followed by a brisk recovery and a Total 117.159.053 153,765.550 171,374 143 142 562.236 firm closing. It seems to be conteded that "Western farmers Rail shipments from Western lake and river ports tor the weeks ended are not likely to market their crops freely at current low prices. 1882. 1881. 1880. 1879. The exports of wheat from the United States in Angnst were Tfeeh fVceU fVeel: Week Sept. 16, nearly a million bushels for Sciil. 17. Hcpl. 18. Sept. 20, each business day, but they are Ploar. .bbls. 125,711 11.3,417 104,504 112,S7S not likely to be so large for the current month. To-day prices Wheat bash. 684,811 501,996 460,362 578.168 declined sharply, under the weakening of speculation West. orn 301.630 1,126,9,)2 514,232 285,896 Oats 1191.320 728.859 717,618 251,166 No. 2 red winter sold for export at $1 08^. and closed $1 07M@ Barley !io,6.J3 147,611 135,894 139, '.la J Rye 76,416 50.133 VOnVi for October, .?! 09^@l pp% for November and f 1 11 fcT 56,130 43.849 J)ecember. Total 2,111,813 ,558,5-8 1.914,2J6 1,299,30 .. : : ' September 23 1862.1 THE CHRONICLE. 355 Rail and lake lihipments from xatne pdrt^for la^tfout weeks: andermentioned castoms districts, daring the month of Angost Week Flour, Wheal, Oat«, Oorn, Barley, kye, 1882. and for the eight months tndina— oott. butn. t>u»A. buth. biwA. bush ended the same, as compared Sept. 1G...10H.939 2.350.001 I,2(i2.447 l,i:.7.08i 90.63.') 153.0S7 with the ecrrespending months of the prerioas year Sfipt. 9...17S.4'W 2,120.899 1,J90. 1.'59 1,726,91(1 50,063 b8,373 Sept. 2...154,y03 2,206,731 1.179.238 1,915, .',6S 17,706 74.398 Aug. 26... 144.164 1,882,433 1,430.317 1,787.921 9.980 42,000 rot., 4 Wk8.67l.712 8.561.(131 5,102,4616.588.087 168.382 357,858 ' 3 0000^>, •^ ;e c) iw'ka .62 5,5s9,4J0 '; • 81. 1, 874 13,127.281 2,073,0!.'0 407,881 211,249 Si o 2. e Receipts of floar and grain at seaboard ports for the week ended Sept. 16: ft » CCQO . Flour, Wheat, Corn, Oata, Barley, - B OCOt' • SB (SO) At- bbls, buith. biUh. bush. buth. biuk New York ... 10G.981 l,461.68ii 447,036 818,300 9,350 50 I i:l:^:« Boston 71,096 161,9)0 118,700 264,3j.i 600 I*- Portland ,100 8,200 5,20:p s e Montreal 15,904 120,913 2,000 5,2 -.» PlUladelphlH. 27.994 253,500 46.600 14t50u 1,800 5,500 Baltimore 25,374 085,460 16,300 14,*J00 4,000 New Orleans 16,212 358,843 7,632 52,090 00 oo; Total week... 264,061 3,042,302 647,268 1,335,142 11,150 ICOnO Cor. week '81. 230,017 2,677,759 2,233,945 803,154 7,800 25.151 Total receipts at same ports from Deo. 26, 1881, to Sept. 16, 1882, a^ compared with the previous three ^^ars : 1881-82. 1880-81. 1879-80. 1878-79. •qoccc Floor. ..bbls. 7,921,658 9,123,467 7,057,268 7.374.175 dxi-x — Wbeat bash. Moob f 54,900,425 71.456.945 88,270,593 95,7?1,8I7 OS ft tX 00 § Com 23,971,018 80,567.399 109, 171,419 81,640,156 Oats 20.871,695 20,690,159 16,830,122 15,892.422 Barley 2,307.t)5J 2,037,558 1.604,567 1,809,585 KM 35 10 To— Pork, 7>(!«/, i Lara, Bacon, Cheese, Talloic, Rye— bbls. bbi7s. « lbs. lbs. lbs. lbs. BusUcls Valno $ Wheat— London 50 105 8,250 66,025 105,781 Bushels 65,100 1,600 37,164 Liverpool 398 1,776 860,831- 2,227,602 1,896,760 172,700 Value $ 82,000 1,792 36,103 Glasgow 198 34,1.50 69,375 26,400 Wheat flour- Hull. 58,075 132,500 64,500 Barrels 506 20,430 13,181 Bristol 47,500 311,520 Value $ 3,066 133,749 65,945 Newcastle . . 143,92& Total values— Havre 375,500 Aug., 1882 $ 82,000 8,538 135,511 102,048 Marseilles.. . 20 175,000 Ajg., 1881 $ 143,210 7,140 224,632 366,121 Hamourg 138 150 l,364,-^90 215,175 8 months— Rotterdam . . 106,000 23,750 1882 $ 240.510 14,913 152.570 606.022 3,249,504 Amsterdam.. 103,000 1881 1 575.510 31,715 906,488 1.103,645 2,531,23(1 Antwerp 100,000 Bremen 39,375 30,12(> 9,83J Brazil 5 15 23,600 Central Am.. 2S 14 177,990 2,78 1,821 419 THE DRY GOODS TRADE. Mexico 10,304 2,18 2,37i- ' 8. America .. 146 8 58,214 10.189 11,59-, 6,582 Fridav, 1". M., September 22. 1382. CJuba 279 5 902,5&7| 138,2231 1,76'. 1,310 been moderately active the past week, II.^yti , 206 5 4,900 381 The jobbing trade has West Indies.. 4'..0 65,373 16,66'. 7,955 219 23,160 while some interruption to the demand for fall and winter Brit.N.A.Col 286 23 1,320 6,001 10,50i and Otli.co;iu tries 28 41 100,6931 10,28(1 3.10! goods was caused at time by unseasonably warm weather, the Total . 4,589.519 188.996 week 2,053 2,570 3,149,099 2,463,00! of business was fairly satisfactory. The demand at Prey's week 839,244 volume 2,312 4,169 3,222,458 4,094,375 3,U71,09: package first hands was irregalar and upon the whole sluggish, Deccessltiea The following statement, prepared by the Bureau of Statis- buyers having governed their purchases by actual woolens was, how tics, will show the exports of domestic breadsluffs from the as a rule. A fair business in spring clothing — . : 356 THE CHRONICLE. [Vol. XXXV. ey«r, reported by flome of the commission houses, and many of Receipts of Leading Articles o( Domestic Produce. the most popular fancy cassimeres, cheviots and worsted coat- The following table, based upon daily reports made to th e ings are already sold ahead for some months to come. The New Yojk Produce Exchange, shows the receipts of leading movement in foreign goods wras somewhat less active, retailers articles of domestic produce in New York for the week ending having shown an indisposition to stock up with fall goods be- with Tuesday last (corresponding with the week for exports), cause of the prevailing warm weather. Prices remain steady also the receipts from Jan. 1, 1882, to that day, and for the on nearly all desirable fabrics, and stocks are for the most part corresponding period in 1881 : in very good shape. Week ending Since Jan. Same Domestic exports of domestics 1, lime Cotton Goods.—The for the Hept. 19. 1882. last year. vfeek as-gregated 3,148 packages. Including 1,197 to Great Ashes 1)1)18 140 4.377 2,807 Britain, .^82 to China, 423 to Brazil, 402 to Argentine Republic, Beans bbla 133 28,986 55,074 Bre.id8tuff8— 264 to U. S. of Colombia, 111 to Mexico, &c. Business continued Flour, wheat bbls, 107,8.')8 3,455.793 4,005,040 quiet with the cotton goods commission houses, the demand Com meal bbls 6,480 101,900 151.604 Wheat bush 1,416,936 26,890,903 34,763.315 throughout the greater part of the week having been almost Eye bush. 750 941,518 645,942 •wholly of a hand-to-mouth character and light in the aggregate Corn busi. 494,309 10,366,492 33,996,.594 Oats bush. 819,068 12,639.431 12,196,395 amount. Leading makes of brown, bleached and colored cotton Barley bush. 74,870 3,729,613 3,342,764 Peas bush. 4.'J1,790 are only in moderate supply prices are fully 182,021 and maintained Cotton bales. 18.442 674,618 588,267 on such goods, but outside makes are more plentiful and not as Cotton seed oil bbls. 22.151 19.667 Flax seed bags 23,9.i'J firm as the better qaalities. Print cloths were in fair 430.115 792.330 demand Grass seed bacs 2,025 162,996 65,737 and steady at 3%e. less ^ percent, and 3}^e. for the respective Hides No. 3,5-12 8B,'i09 112.837 grades. Prints were less active, but popular styles are in light Hides bales. 1,396 44,6.i4 29,465 Hops bales. 1,3S9 supply and prices remain firin^ Ginghams ruled quiet in agents' 46.122 46,587 Leather sides. 8«j,237 2,456,930 2.079,494 ' hands, but low prices enabled to effect agents increased sales Lrf-ad plfTs. 8,-47 397,028 111.070 of fancy cotton dress goods. Molasses hhds. 75 3,429 DoMMTic WooLEX Goods.—The main features of the woolen Molasses bbls. . 50 28,271 52,190 Naval Stores- goods market remain unchanged. Clothiers c(3Dtinued to place Turpentine, crude bbls 1,208 1.375 ' orders for spring cassimeres and suitings, cheviots and worsted Turjieutiue, spirits... bbls 1,787 80,398 59,415 • coatings with a fair degree of liberality, but transactions in Ro.sin bbls. 7,470 349,050 222,182 Tar bbls. 373 21,214 iieavy woolens were comparatively light. Cloakings were in 19,380 Pitch bbls. 1,634 2,902 moderate request, and there was some inquiry for duplicate Oil cake 4)liKS. 7,732 321,813 433,607 parcels of repellents. Light-weight satinets have received Oil, lard bbls. 302 8,442 6,262 «ome attention, but Kentucky jeans and doeskins remain quiet Oil, whale...... galls. feanuts bush 1,542 57;76i 94,415 with agents. Soft dress goods and sackings were in steady re- Provisions — quest, and there was a fair business in worsted dress goods, Pork pkgs 1,320 74,596 94,832 shawls and skirts. Por wool flannels and blankets there was a Beef pk^'s. 988 31,738 28,336 Cutmeats... pkgs. 19,512 682,004 light re-assorting demand and carpets fairly 814,603 were active with Butter pkgs. 28,9-il 961,240 1,102,220 jobbers. Hosiery and knit underwear were quiet in demand, Chce.se pkKS. 60.239 1,682.560 2,196.464 but fair deliveries were made by agents in execution of back Eggs bills. 12,899 537,045 449,206 Lard .,tC8. & bbls. 11,516 239.111 orders. The tone of the woolen goods market continues firm, 46U.840 Lard kegs. 7,503 169.709 211,789 and stocks are well in hand as a rule. Hogs, dressed No. 33,133 35,429 PoKEioN Dry Goods have displayed less animation in first Eice pkgs. 1,062 39,416 41,235 Spelter hands, and business was a trifle less active with jobbers. Cash- slabs. 3,564 79,058 98,300 Stearine pkgs. 210 12.830 meres were in steady request 16,330 and firm, and there was a moder- Sugar bbls. 757 9,323 ate movement in fancy dres.s goods. Silks, plushes, velvets Sugar hhds. 60 3,862 16,021 and millinery goods were distributed in fair (quantities, as were Tallow pkgs. 409 27,693 37,954 Tobacco boxes & cases. 2,921 94.481 109,321 housekeeping linens, laces, embroideries, hosiery gloves. and Tobacco hhds. 2,371 80,982 69,642 The auction rooms presented considerable lines of silks, velvets, Whiskey bbls. 3,325 113.074 164,412 dress goods, &c., but the competition lacked spirit, and ma ny Wool bales. «99 91,218 76,813 goods were passed. Importatlona of Dry Goods. Exports ot Leadlas Articles of Domestle Prodace. The importations of dry goods at this port for the week The following table, based upon Custom House returns, shows -ending Sept. 21, 1832, and since January 1, and the sarae facts for the corresponding periods of 1881, are as follows: the exports from New York of all leading articles of domestic produce for the week ending with Tuesday last; also the exports from the Ist of January, 1882, to that day, and for the cor- |srli| responding period in 1881 s: • c*: S g: : Weeli ending Since Jan. 1, Same time I.] Sept. 19. 1882. last year. : ', I c Ashes, pots bbls. 551 1,048 Ashes, pearls bbls. 49 195 Beeswax lbs. 120 10,378 52,371 Breadstuffs— oco Flour, wheat bbls. 102,406 2,603,027 i^ Wl I,., -^ -k, ^ w O-J C W GO O to -mo:o;m tf 3,501,301 Flour, rye bbls. 378 2,712 2,404 Corn meal bbls. 3,114 totg 77,973 149,.594 l-'M kO o«iyt ^ to to to O »** Cn Wheat bush. 988,207 23.371.572 32,757,680 o-o X :c»-- C;' rf- O'-XXOirf* Eye bush. cc c» Ui o c- _to_juaoaorf»* oiojxpp^fe 18,860 1,006,674 761,756 OiOO \ob'*-o--Vi Oats hush 4.194 103.039 272,978 <;cci a to -j- 01 ai 00 c: to X M m Tar bbls. 419 ODtOCDt-OI OOO O' O CC CD W to Cl M CD Cl 9,981 8,385 Pitch bbls. 69 5,072 3.960 01 to Oilcake cwt. 12,722 1,509,058 1,796,853 Oils- wo C X KJ "- ^1 tn o: to to ^1 i <]oifMoo: *- 1^ O -J lO GJ (T' M 0; X to tC — iif - 03 Whale gals. 80,391 157,909 at -^j it' to c CD 03 C-'0'M Septembbr 23, 188?. IHK (5HR0NJCLH. vu J Financial. 'Financial. Financial; thence south 76}^ degrees west, 316 feettuai A. Mauriac & Co., tftenoenortb lOH detfrees west, 1,748 6-10 feet to*. E. U. S. Marshal's Sale. •take; thence north 76H decrees east. 9tf feet to a. stoke; tbenoe anutb VOH deffreea east. 1,116 6-10 feet AND BROKBRS, U. 8. CIHGIJIT OOUKT. DISTRIOT OF BANKEUS NKW t JKllSKy.iw. THK KAItMKUS' LOAN A TKUKT the place of bwtnnlns. contalnlns SS acres of lomt No. 7 Wall 8treot. i>«. OXKOIU* IKON COMPANY 1UK COMPANY more or less. 77llrd— Another lot of land, beKlrmlns auU utber». J^. t'a. tor Hftle ul Murttcuifed Premltes. BaHroad, Mining, and other Stocks, Bonds, ato. on a course north 34 defrrees east, 6 feet from th%- moHi northerly corner of the shoe-shmi. "u the 59 dCKrocs east, 4 chains and 50 links to a stake ; (5) shops, other buildings and Improvements, with all Stucli and Commission Krokers, south 34 doKn-'OS oast, ti elialns to a stake; (6) south tho ways, wo»»ds, waters, watercourses, protlls, privi- S4J^ dearees oast, 6 chains and 02 links to a stake; (7> leges and advantages, with the uppurteniinccs as to No. 16 BROAD STllEET, NEW YOBK. south 6eVv dotfreoa east, 10 chains and 3 links to the the same belonging or in anywise appt-rtalnlng: alM>>, south abutment of tho Warren Uailroud bi-idgo; (8J all the estate, right, title, Inierest. property, claim ana John 8. Jambs, Wabbkn T. Jambs. south 63 detfrees west, 11 chains una 70 links to the demand whatsoever, of the said parties of the Aral r. Exch. tlie public leiwlinjE from Member N. stock middle of road Oxford Fur- part, of. In and to the same, aud of . In und to every (l)j south 8«>^ dOKreos west, 1 cash or nace to Port Colden ; part and parcel thereof. stocks, Bonds, &c., bought and sold for on corner tho ndddle margin. chain and 28 links to a in of said R. L. HLTCHINSON. TOiiiXi (10) soutii 25W decrees east. 11 chains and Ij Late U. S. Marshal, District of New Jersey. links to a comer in the oriktlnul ruilroud track; (11) TURNEU, LKK <& MCCI.LKB. .•^ollcltors, ' C. McKeam J08]U>a P. liLOTD. w. south 48>i dOKrees weat, 8 chains and 28 links to a cor- 20 Niussau Street. New York. Member of N. Y. Stock Kxch'ge. ner In said railroad track ; ( 12) south 50 dejireos west, Dated July 25, 1882. 8 chains and 5U links to another corner In said railroad track ; (13) south 76 dejfroes west, 4 chains and 70 Lloyd & McKean, links to another corner In said nillroad track; (14) B INKING HOVSB OP south 80>6 deKroes west, 2 chains and 71 links to the No. 34 AVALI. STREET, NEW YORK. middle of the public road leading Irom Oxford Fur- nace to WasliinKton; (15) south 21 deKrees east. 20 BUY AND SKLIr-ON COMMISSION chains and lu links to a corner In said road in the line G. W. Norton & Co., of lands of Stephen Lanning; (10) north 57^ de- GoTernment, Rallvrajr and mscella- ((.-eos west, 21 chains to tho south point of a rock In CAPIT.U.. jaOO.'W. ueoua Securities. the WashinKton mine road; (17) south 29c1ogree8 west, CASH 10 chains and 00 links to a corner In said road; (18) south 14'^ dci^roes west, 3 chains and 20 links to an- LODINVILLK, KI•;^TI4'KV. other corner In said road in the line of lands of H. L. Grant, said Stephen Lannlnn; (IW; south 15W decrees east, 13 chains and 82 links to another corner in said I..an- No. 14S BROADWAV ninK's line: (20i north 59 dcRrees west. r> chains and 35 links to another corner in said mine road; i21i south Swan & Barrett, NKW YORK. 6 degrees east, 4 chains and 51 links to a c*)rner In said 9 degrees west, 3 cliulns antl 75 links B A N K K It 8 AND B U O K K K 8 . road ; (22) south STOCKS & BOND to another corner In said road; (23) north 50i« de- CITY RAILROAD middle Street, grees west, W chains and 80 links to a clutstnut tree ; 186 BOUUUT AND S01.D. (S-t) north 10 degrees west, 6 chains and 2d links to a nAINK. stake; (25) north 80-K degrees east, chains and 84 PORTLAND, Bee quotations of City Railroads In this paper. links to a stake; (26) north 10 degrees east, 10 chains Dealers in Government, Stale, Countr, City an* 71 links to a stake ; (27) north 31^ degrees eiust, ahd Hunk Stoclts, &c. stake; (28) north 13 degrees Kttllrt ad Bonds, chains and 3 links to a Investment Securities consMmtly od west, 38 chains and 19 links to a corner of iluckley's Oeitlrable W. W. Farmer, 50 degrees west, 4 cliains hand. stone fence; (29) north and •* MONROE, L.OUI!^IANA. 57 links to a corner In the i)ubllc road leading frttni Oxford Furnace to Scott's Slountaln; (30) north T.i^ Counselor, Solicitor and Attorney. degrees east, 5 olialns and 80 links to a corner In the Commercial Cards. Junction of the Ilelvidereand Scott's Mountain roads; Practices In the District Circuit and Supreme (31 ) south 72^ dcKrees east, 2 chains and 85 links U* a Courts of the United Stales aud of the State, in cornerin the public road; {:i2i ni)ith7S'^ degrees cast, all classes of cases. Has no other buainess, and de- 12 chains and 30 links to the railroad crossing; (33) votes his personal attention md all his time exclu- nortii 54Vi degrees east, 8 chains and 53 links to.a cor- »ively to his profession. Refers Co Bank of Monroe. ner In said railroad; (H-ll north 44 degrees east, 3 chains and 40 links to another corner In said railroad; thence (:J5) north 24»^ degrees east, 17 (chains and 50 Dan Talmage's Sons & Co D. Probst & Co., links to the place of beginidng; <;oidiiiiiiiig two luin- J. dred and six acres and forty-eight ono-hnndredths of an acre of land, be the same more or less. (.Hit of miLLERS, F.ICTORS, STOCK AND BOND BROKERS which bounds, however, are reserved and not con- veyed by this deed, ()ne-half an mra of land, more or less, attached to the Chapel of tho First Presbyterian COMMISSION MERCHANTS IN No. b-i flXCUANGK PLACE, NEW YORK. . AND Church of Oxford ; one-half an acre of land, more or Presbyterian Church of .iXMK.VTS A.ND less, attached U> the Sewmd STOCKS, RAILROAD BONDS, GOV Oxford, now under contract and process of woction; Miscellaneous SKctTHiTiEs BoiTonTAND Sold one-quarter of an aero of land, mere or less, attached to the tierman lleformed Chuixh of Oxford Furiuu^^. RICE, and hall' an acre of land, more or less, attuuhed to i he Uomaii Catholic Church of Oxford Furnace, hereto- 96 Wall Sn-eet, Now Yovk, John B. Manning, fore contracted to be conveyed to said Church. BANKER ANB BliOREU. A Iso all tlie mines and minerals contained in and upon 10, 12 <& 14 East liu]-, Chnrl^tou, alt the said farms, tracts of land and lots before the No. 6 Wall Street, New York Citr, date of this deed, sold and conveyed by John P. U. - 108 Bay, Street, iSaTonnali, Maxwell, William P. Ilobeson and wife to the follow- SOUTHERN SECURITIES 41 4c 43 North Petera St.. N. Orleans. Ing-named persons, to wit : To KUsha Beers, Samuel A SPECIALTY. Uacc, ThouKis Sheridan, Michael Hilbort, valentine Ilrocaw, P. Martin, Sanmel Sheri- State. Municipal and Hallway lionds and Conponi Nicholl, Abraham and others, U. Pittinger, bought and sold at best market rates. Inyestors or dan, George Titman. John Hucklcv. Jolni Wyeoff, Jr., Stephen Jjm- dealers wishing to buy or sell are Invited to commanl- Thomas Lannlng, Daniel Lanninp. Joim Plerson, Calu wlLIi us. nlng, Charles Michael llower, Charles Member of the New York Stock Exchange. John Jones, Abraham t'yple, ESTABIilSHED 183S. T. Pool. John Webber, Henry M. Winter, Jacob Wandlingand others. llenwood and others. John Anderson, Daniel Mlxsell. Smith & Walters, Uam>ay Sears & Cole« Wm. Fisher & Sons, & Gulick, Samuel Kamsay, c^tntainlng in the aKgr*"- gate 3,000 acres of land, more ttr less, in whose deeds STATIONERS AND PBINTKUS. BANKERS, for said lands are reserved all tho mines and minerals thereon and therein, with right of way at all times Sapply Banks, Bankers, Stock Brokers and forpo- And Dealers In GoTernmenta, Stocka over the same, of Ingress and regress to search for rations with complete outHts ol Account Uook» aaa and luveatment Securltlea, Also the rights vn mines and remove the same. same Btationery. . ^ ,^ . all the other tracts of land owned by the siild parties tlT New concerns organizinn will have their ot« Opposite Second St , 32 SOUTH 8TRKBT, of the first part, or conveyed by tnem, or either of ders promptly executed. BAIiTIiaORE, mD,, them, in which said riglits are reserved In their siiid ^Varrcn. con- Have Western Union wires in their offices, by deeds for lands in the said County of No. 1 WILlilAM STKEl.T. means of whicii immediate ciimmuntcatlon can be taining In the aggregate 5,000 acres of land more or sttld mines and minerals therein con- had with all commercial points In the c^mntry. Es- less, as well the (HANOTRR KOFARK.) pecial attention given to purchase and sale of Vir- tained as the right of way. Ingress and regress at all the same.dolng ginia Consols, Ten-forties, Deferred and all issues times to f dte^-« [Vol. XXSy. Tiii THE (CHRONICLE. Commercial Cards. Pablications. Insurance. SPECULATION AND INVESTMENT Brinckerhoff, Turner IN STOCKS AND SHARES OFFICE OF THE Co., UriTH A laiNIiniJM RISK. & EXPLANATORY BOOK, Just published, gratia Mannfaotnrers and Dealers In nd post free upon appUeatlon. ATLANTIC OPERATORS IN STOCK EXCHANGE SECURI- COTTON SAIL DUCK TIES should test this system, by which large proSts are realized, and the posBlblUty of losses reduced to And all kinds of a minimum. OPINIONS or Tns press. Mutual Insurance Co., 0«TTON CANVAS, FaLTlNO DUCK, CAB SAIL CHdU Service Gazette—"The system recommended OOVBBING, BAQQING. RAVENS DUCK, by Messrs. Gutteridge St Co., Is easy to comprehend TWINB8, &0., '• ONTARIO " SEAMLESS and safe." John Bull—"An easy and apparently safe Journal— STRIPES." system, worthy of public confidence." Court NEW YOBK, Janaary 25, 1882. BAGS, "AWNING " An excellent way of speculating, ably set forth." Also, Agents Oirilwn—"An .'nteresting book. This system com- Tlie Trustees, In conformity to the Charter of mends itself 08 being a very safe one." New» oj tlie I7NITEO STATES BUNTING COMPANY. World—" This book Is welt worth reading. One can- tlie Company, submit the foUowing Statement not do better than retain their services." of its affairs on tke 3l8t December, 1881 A ftiU .supply, all Widths andColors, always In stock. No. 109 Duane Street. "W. GI7TTERIDGE & CO., Premiums on Marine Risks from SWORN BROKERS, NO. 7 DRAPERS GARDENS 1st January, 1881, to 31st De- Bliss, Fabyan & Co., Eiondon E. C England. cember, 1881 $4,039,487 10 Premiums on Policies not marked New York, Boston, Philadelphia, THE GREATEST LIVING off 1st Jamuary, 1881 1,587,534 47 SELLING AGENTS FOB LEADING BRANDS Authors, such ns Prof. !>Inx Mullcr, Rieht Hon. W. E. Total Marine Premiuiug $5,627,02167 KOWN AND BLEACHED HIIIRTINGB Glad^ifotie, Jns. A. Froudr, SHEETINGS, Prol, Hnxley. It. A. Proflor AND Edwnrd A. Freeiuiin rroi. Premiums marked off from Ist PRINTS, DENIMS, TICKS, DUCKS, &0. Tyiidall, Dr. W. B. Ciirpt-n- tcr. Prof, Goldniu ^^luilh, January, 1881, to Slst Decem- Tavrela, Quilts, White Goods and Hosiery. The DuUc ot Arcyll, U in. ber, 1881 $4,110,176 72 Black, i:>IiNs Tlinckerny, X>riU», Sheetings, dc., tor Erpm-t Trade. !>(rs. !»ulock-Ci'itih, 4^t'o. 3lncI>onnl(l. tirs. Oliuhant, Losses p^d during the same Jean I nut-low, Th'ps.llai-dy, Works at Orient, L. 1., and •' Euhkka" penoa $1,773,882 80 BICHMOND, VA. " ORIENT. .tialthcw Arnold, W. II. —„. - .llallock, W. W. Story, _^jaim«l Tourgcniell, Ruskiu, Ten- Returns ot Pr^niums and Ex- The Atlantic & Virginia nyson, Browning, and many others, are repre- sented in the pages of penses $924,227 02 Fertilizing Co. Littell's Living Age. The Company baa the following Assets, viz.: offer their standard brands The Living Aok has been published fornoarly United States and State of New , forty years, and has met with continuous commen- York Stock, City, Bank and Akmomated Bone 3uperp.hosfhate of Lue dation and success. other Stocks $8,965,758 00 AND A lyeeWy magazine, it gives more than Loans secured by Stocks and «< ORIENT COMPLETE MANURE," THREE AND A QUARTER THOUSAND otherwise 1,729,500 00 And want a Kood working agent in every thrlvlnj eotton, tobacco, Rrain and truck Krowins: county double-column octavo pages of reading matter year- Real Estate and Claims due the ApQij (with reierence) to ly It presents in an inexpensive form, considerinjj: Company, estimated at 491,148 18 W^, fi. CKENSHAliV, PresH, its great amount of matter, with freshness, owing Premium Notes and BUls Re- CRSN8HAW WABKHOUSE. to its weekly issue, and with a satisfactory com- 1,631,294 23 Rtclimond, Vb. ceivable pleteness attempted by no other publication, the CasbinBank 347,765 99 best Essays, Reviews, Criticisms. Serial and Short Columbia Bicycles. Stories, Sketches of Travel and Discovery. Poetry, Amount $13,165,466 40 Scientlflc. Biographical. Historical and Political In- Thousands in dally use by doctors, lawyers, ministers, editors, mer- formation, from the entire body of Foreign Peri- SIX PER CENT INTEREST on the outstand- < hants, &c., &c. Send 3-cent stamp odical Literature. for ele^ntly illustrated 36-page certiflcates M profits will be paid to the holders therefore invaluable to every American catalogue to It is thereof, or their legal representatives, on and reader, as the only satisfactorily fresh and COM- Mfg:. Co., after Tuesday, the Seventh of February next. The Pope PLETE compilation of an Indispensable current 642 Waahtngton St., BOSTON, Mass literature,—Indispensable because it embraces the THE OUTSTANDING CERTIFICATES Of New Tork Riding School. productions of the issue of 1877 will be redeemed and paid to 214 E. 34th1St., Near Third Ave lilE ABLEST LIVING WRITERS the holders thereof, or their legal representa- tives, on aud after Tuesday, the Seventh of Feb- Wire Rope. in all branches of Literature. Science, Politics and ruary next, from which date all interest thereon STEEL AND CHATlCOAX Art. wiU cease. The certificates to be produced at IRON of superior quality " No reader who makes himself familiar with its cintents can lack the means of a sound tite:ary the time of payment and canceled. suitable for MINING ANu ulture."— JV'ciy York lYibutu. HOISTING ' PURPOSES "An indispensable visitor."—A'eiu Tork Observer. FORTY PER CENT in every household A DIVIDEND OF v\^\i Inclined Planes, Transmis- "It is indl pensable where any attempt is made to keep up with the current declared on the net earned premiums of the li.iViOll^'*'" of Power, &c. Also, thought of the day." * • * "It is a thorough for the year ending Slst December, ^t-i. J Galvanized Charcoal aad compilation of what is best in the literature of the Company, RB for Ships' RignmK, Sus- day. whether relating to history, biography, fiction. 1881, for which certificates will be issued on pension BridKCs, Derrick poetry. Wit, science, pol Mcs. theology, criticism or (lays, Ferry Itopes. &c. A art."—Hart/ord Courant ind after Tuesday, the Second of May next. larKe stock constantly en "It contains not onlyt e best solid literature, but hand from which any de- also the best Serial stories of the day." • • • "Its By order oC the Board, sired lengths are cut* keep any reader abreast with FLAT STEEL IRON piiges are sufficient to AND the be^t printed thoughts of the best of our con- J. H. CHAPMAN, Secretarr. ROPES for Mining pur- temporary writers."-JSpwcopoi Renter, Philadel' poses manufactured to or- phia. der. " No other periodical can compare with The Liv- %«. ITIASOrV Ac • * * JOHN u 5U TuE Li vixo Age and the 8L Aic/iouu, or Lip pincott's Monthly. Address, John D. Hewlett, William Degroot, LirTEIift. Sc 4^0.. Boston. William H. Webb, Henry CoUlns, Charles P. Burdett, JohnL. Rlker, Chronicle Volumes J. D. JONES, President WANTED. CHAIULES DENNIS, Vice-President. H. 2d fiE:XMM]VO- & CO., rolnmea 1, 3, 4, 8, 9, 10, 1% 15 and 17. W. H. MOORE, VIce-PresidcoL 251 & 868 Breadwaj, New York. Apply at Pablloatlon Office. 79 A »! WlUUm St. A. A. RAVEN, M Vkw-PrestdMl. : . : , SaFTKVBEIl 2C, IP"^.] THR CHRONKJLR Insurance. Cotton. Cotton. Hbmbt h. warb. QILLIAT BCBBOKOM UNION E. S. Jemison & Co., Ware & Schroeder, Mutual Life Insurance Co. B A N K B B H OF m A I N E. COTTON COMMISSION MERCHANTS COTTON COMMISSION MERCHANTS, DIBBOTOBS' OrriOK - . PORTLAND MAINB. 111 Pearl Street, New York. No. Slip, OKGAMZED 1849. 10 Old New York. Special attention paid to the execution of order* AsMts Iil6 2«4 21S 57 Surplus (IV. V. Standard) for the purchase or sale of contracts for futnre de- 678 S45 53 Jemison, Groce tc Co., Galreston, TexM. Denth liOsscH Paid • - 6,870,90176 llrerr of cotton. Liberal advances made on ooo- DlTldeiids Paid • • • 3,996,411 37 iUnmenti. 13,725 Policies iu force, InsuriUK Dennis Perkins & Co., $34,083,551. P. Billups & Co., COTTON BROKERS, J. 117 Pearl Mtreet, Paid Death Losses, stncQ Orfranlzallon, New York. Orders for Spot Cotton and Futures prompUr SEVEN MILLION DOLLARS, COTTON executed. Aud for DlTidetids, NKARLIf FOUR MILLIONS. COMMISSION MERCHANTS. John C. Graham & Co., JOHN E. MeWITT, President. Nos. 16 & 18 Exchange Plaee, (Snocewon to R. M. WATERS ft CO.), DANIBL SHARP, Vlre-Presldent. HBNRY D. SMITH. Secretary. roST BUILDING, NEW YORK. COTTON COMMISSION MERCHANTS, NICHOLAS DK UROOT, Assl Seo'y. Special attention THOMAS A . FOSTER, Medical Director. given to the Purchase and Sals No. 18 William Street, New York. of Contraeta for futnre delivery of Cotton. 8ELMA. ALA., PHtSNIX BXJTLUlSa. HXintT M. EVANS. CHAS. FBANCI9 BlIBI MONTOOHERT, ALA., MORIUS BANK BmLDVa. HOME llember N. Y. Cotton Exchange. Orden for Future Contract* Executed In New Task Insurance Company Evans & Beebe, and LlverpooL OF NEW YORK, No*. 42 it 44 NEIY STREET. HYHANS & DAUOT, OFFICE, 119 BROADWAY, NoaroLK, Va. SPECIAL ATTENTION TO ' Flltr-EIfchtli Seml-annnal Statement Parchose aud gale of Contracts for Fatnre Dancy, Hyman & Co., SHOWIHO TBI Delivery. CONDITION OP THE COMPANY ON THH FIRST COTTON COMMISSION MERCHANTS, DAY OF JULY, 1882. 97 Pearl St., New York. CASH CAPITAL $3,000,000 00 WALTER & KROHN, Reserve for Unearned Special attention given to the yarcbaae and aale Premiums 1,967,087 00 of contracts for future delivery. Reserve for Unpaid Losses 209,459 07 COTTON BROKERS, Met Surplus 1,661,572 10 Wakben Swbn, Jb. JOHS M. Bivas. 53 BEAVER STREET, NEW Casb Assets $6,838,719 07 YORK. Ewen Brothers, SCniinARY OF ASSETS Held In the United States, available for the PAT. ¥, Hoffmann, COTTON BROKERS, IIENT of LOSSES by FIRE and for the protec- tion of Polloy-Uolders of FIRE INSURANCK: Cash in Banks 1168,216 00 COTTON BROKER AND AGENT, Nos. 31 Broad Street, Bonds & 33 and mortgages, befni; first Hen on S8 real estate (worth $8.166.500) 1,S«3.737 44 RUE DE LA BOURSE, HAVRE. United States stoclis (market ralue) S.olJi.TSO 00 NEW YORK. Bank A RR. stocks &bd8.(murket value) 981.350 00 State and municipal b'ds (market value) Loans 128.500 00 Cumming & Baily, on stocks, payable on -ipnumd H 'J,HE CHROJSICLE. :8aPTBMBBB iZ, 1883. Cotton. Cotton. Misccl laneou8. Walter T. Batch. Benry P. Bateh. Woodward & Stillman, Hath'l W. T. Haleh. Arthur M. Batch. MERCHAJSTS, INMAN,SWANN&Co W. T. Hatch & Sons, Pwt Building, 10 & 18 Exchange Place COTTON MERCHANTS, BANKERS, NEW YORK. 14 NASSAU STREET, NEW YORK. COTTON EXCHANGF BUILDINQ, BBANCH OrriCES USAHS MADB ON ACCKPTABLK SECURITIES. j .J3g ^^•y-^^.'.T,'^?}J,..„ Personal attention given at the EXCHANOKS to OtuhAdvaiues Made on Oonsigttments. the purchase and sale of S'lOCKSand BONOS for New Tork. cash or on mart^in. IPICIAL ArriNTION TO OBDKBS FOB CONTBACTB DKI'OSITS KBCEIVED-subJeot to checkM sight —with interest upon balances. FOR FCTUBB DELITBBT OF COTTOK. LOANS MADE ON Special attention paid to INVBSTMBNTS and accounts of COUNTRY BANKERS. COTTON, ALL GRADES, SUITABLE TO WANTS SOUTHERN SECURITIES. OF SPINNERS, Gardes & Wisdom, OFFBBBD ON TEBUS TO S<7IT. COTTON H. PARKER, . QWATHHIT. J. O. BLOBS.E COMMISSION MERCHANTS, J. NEW ORLEANM, LA. Gwathmey & Bloss, Special attention paid to the execution of orden for the purchase or sale of contracts for futur COHmSSION MERCHANT, COTTON imCROHANTS, delivery of cotton in this market. New York as Liverpool. No. 133 Pearl Street. New York. No. 140 PEARIi STREET, Special attentton KWen to the executton of orders for the purchase and sale of oontraota for future THE BRO\¥N delivery in New York and Liverpool. NEW YORK. Cotton Gin Company, Rountree Co., CoiulBi»>>enta of Cotton, Naval Stores & NEW^ LONDON, CONN., and otber Produce Solicited. COTTON COMMISSION MERCHANTS No. 12 OLD SLIP, HANirVACTtrRERS OF THE CELEBBATID Cor. Water Street, YORK, EXECUTES ORDERS FOR THE PURCHASE NEW Brown Cotton Gins, Gin Feeders ua( VA. Condensers. AND SALE OF FUTURE CONTRACTS IN THE And NORFOLK, 1^ Special attention given to the execution of COTTON AND PRODUCE EXCHANGES. orders for the purchase and sale of Cotton for future COTTON GINS FOK EXPORT delivery. Liberal advances made on consignments. Edward H. Coates& Co. Wm. Henby Woods 8. O. MUBPHT Buy Office Carpets Down Town I SCCCBSSORa TO Woods Murphy, CLAGHORN, HERRING * CO., & IIARDETVBERGH dc CO., (POST BUIU)INa,) COTTON COMMISSION MERCHANTS, CARPETS, OILCLOTHS, LIGNCM8, ETC., 16 & 18 Exchange Place. No. 116 CHESTNUT STREET, ir4 FULTON ST., BROOKLYN. PHIIiADEliPIIIA. COTTON, STOCKS AND BONDS. Near Fulton and Wall Street Ferries. Henry Hentz & Co., ORDERS IN FUTURE CONTRACTS GBNEBAL EXECUTES IN NBW TORK AND LIVERPOOL oonmissioN merchants, P. O. Box 8312. NEW YORK. iETNA 8 Sonth WUlIam St., New York. Advances made on Conslgnmenta to nteasrs. JAITIES FINI.AY & CO., William H. Beede & Co. Insurance Company LIVERPOOL, LONDON AND GLASGOW. COTTON BROKERS, Also execute orders for Merchandise throuKh OF HARTFORD. I. STREET. SteanrM. FINIiAY, miTIR & CO., No. 114 PEAR Assets Januaiy 1, 1882 $8,902,272 04 CALCUTTA AND BOMBAY. Special attention given to orders for the buying Liabilities for unpaid losses CONTRACTS FOR FUTCRK DBLIVERT COT. and selling of Cotton for Future Dki.ivehy. TOM bought and sold on cotimtasion in New Tork and re-insurance fund 1,774,849 74 tnd Liverpool: also at New Orleans through Messrs. Capital 4,000,000 Samnel H. Buclt A Co. 00 ^ , B. F. BABCOCK&CO. Wlf.M0BB. H. W. HANXMANN. CI.BUXNSFISCHU COMMISSION MERCHANTS, NET SURPLUS $3,127,433 90 17 Water Street, LIVERPOOL, No. 2 Cortlaiidt St., New York. Receive consignments of Cotton and other Produce JAS. A. ALEXANDER, AKemt. Mohr, HaneiTiann& Co.; and execute orders at the Exchanges la Liverpool, Hepresented In New Yorlt at the ofllce of BABCOCK BROTHERS * CO., 133 PEARL ST. IHU GRATIER ST. SO WaiX Stbkkt. North British New York. New Orleans, La. Geo. Brennecke & Co., Ins. COTTON BROKEUS, & Mercantile Co bvciAL Attention Given to the LxBoimo> OF No. 110 Pearl Street, New York. 0» OKDEBS FOB FUTURE CONTBACT8. LONDON AND EDINBVROH. CONTBACTS SPECIALTY. FtrrUBK A States Board of OimATDS C. Hopkins. Lucnrs Hopkins Smith. United Managememti Chakles D. Millbb. Fielding & Gwynn, Jf£!W TORK Hopkins, Dwight & Co., SOLON HUMPHREYS, Ch'r'n,(B. D.Morgan A Oo DAVID DOWS, Esq. (David DowB & Co!) COTTON FACTORS &. P. FABBKL Esq. (Drexel, Morgan &00.) COTTON Hon. S. B. CHITTENDBN. AND EZRA WHITE, Esq. COMMISSION MERCHANTS, .;. J. ASTOK.Eeq. No. 134 PEARli STREET, COMMISSION MERCHANTS CHAS. E. WHITE, SAM. P. BLAGDEN, MANAOEKS, NEW YORK. 10 dc 18 Exchange Place, Office S4 Wllllain St., Neir Torfe. oedbba fob fctube contbacts bikcuted in Nbw York and Liveiipool. POST BniLDINO. NBW YORK, Lehuan, Abraham & Co., LEH.MAN, D011B & Co New Orleans, La. Montgomery, Ala. LEHMAN BRO'S, Robert Tannahill& Co., U ontfnercial Cotton Factors Cotton Commission Merchants, AND oomniissioN merchants. Union Jns.Lyo, Cotton Excbange BnlldinE, NEW YORK No. 40 EXCHANGE PLACE, (OF LONDON), OMOWM office. N08. 39 * « WALKER STREET, Special attention given to the purchase and sale of Newr Tfork. Fu ture Contracts. ALFRED PELL, Orders executed at the Cotton Exchanges in New Tainter, Sesident Manager, Fork and Liverpool and advances made on Cotton Waldron & and other produce consigned to us. or to our oorre. COTTON COMMISSION MERCHANTS, f|K)ndent3 In l./lverpnot. Messrs. B. NewKass & Co* 97 PEARL STREET, NEW YORK. ^^^^ Street, and Me&srs. L Rosenheim & Sons •* FDTUBB " ORDKBS PKOMPT1.Y EXECUTED. 37 ^ 39 Cttliena' 36 Commercl »1 50 102 107 Conn. A PasBumpslc. 7s do lBt.(s.cp.,i8K 28!' 100 230 246 City 100 Continent Connotton Valley. «8 66 do 2d m. 7b, reg., ItlO.. 162 40 220 1280 100 ISO do 58 do coD.m., e8,rg.J9iIS 120 100 75 85 6S 100 Empire CI Call'ornla Southern to do do 6«,cp.,19A Bxcbanga* 100 i'TtJ 30 90 100 Little 1st 's,**! Com Excnange Kastern, Mass., 4sB, new. . Scbnylklll, m. 26 . 50 117 125 "." Farra«ut Fort Scott 4 Gulf 7s 112 N. O. Pac, I«t m., 6s, 1929 8IM meyenth Ward* 25 Flremeu'B 17 80 90 Hartford 4 Krle78 68 North. Penn. 1st ra. 68, cp.,'85, 10«^ 100 Trust 10 106 112 Fifth Firemen's K. i:ity Lawrence A 80. Ds. 103« do 2d ra.7s,cp.,'9fl. Itt Fifth ATenne* 100 Franklin it Bmp.... 100 110 120 do gen. m, 7s, reg., 190* Kaa. Cltv. St. Jo.AC. B.lt. . vn First - 100 merlcan.. 100 180 180 Qerman-A Little rIc a Ft. Smith, 7i,lst do gen. m. 7s, cp., 1900. 100 1S» issf 50 110 150 Fourth Germanla Mass Central. (s 40 do debenture 68, reg... 108 SO 127 60 110 120 108 Mexican Central, 7s Norf'kAWest. Jien. m. ,6s. 1981 Glallatln 6« Greenwicfc 25 250 280 Ist (b, I0& York A New Bog.