HUNT'S MERCHANTS* MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED'' STATES
VOL. 43. NEW YORK, JULY 3, 1886. NO. 1,097.
I^tiuincinl. l^ittaucial. I^ttmttcial.
P.O. BoLUxa. B.H. BMnaox. I.B.WAaooimi. AMERICAN Frank C. Hollins & Co., Bank Note Company, DIAMONDS. BANKERS AND BROKERS, TRINITY PLACE, 78 TO 86 Mamban N. T. Stook Bzckanca. NEW YORK. Alfred H. Smith Co., 11 WALL BTKKKT, riMiii irM. & HBW TORK, ^Mi AXD kMi|«aM ••«.« U«. »t •!•<• ar •• Talk, IM^ BPOBTEBf, lllB Mill l»t». 'MS CLARK HTRBKT, CHICAOO, ILL. EjtdLtrui AXD Paorm* or 182 Broadway, Cor. JoIb Street •ONOS, POSTAOK * RIVENUI aTAM^S, LIOAL TENOtR AND NATIONAL BANK Taintor & Holt, NOTES of tha UNITED STATES) and tor For*lsn Co«*mm«nM. BAKKERB,
, ENORAVIMG Ain> PUNTIirO. n: 1 1 Wall St., Cor. New, New York. BASK nvTBLjNABB aomncATB^ BMras v«B ••rumuum ajtb osBrvBATMim TBAMBACT a OKMKRAL BANKINO boslnan. BBArr*. frNKCKH, BILLA KXCNAIiSi; SOLID SILVER. Vr DBPOSRS raealTad and IKTBKBtiT allowad oa •TAMra, *, la tb« «• mA MMt wMMia awto rB«a arxcLPtATBm rtnau tviTa GORHAM MTg Co., Bur aod mU OOYKBNMBNT, MOmCIPAL aa« UAILKOAD SaeartUM. •aaru* and fa»nf. Brosdwar NiaetoSBtJi Street, PMTata Ulacrapk wirak to ProndaB«a and Boitoa. SArETV OOLOm. SAFETY PAPER*. O. B. TAINTOB. W.rk C»M»U 4 la rtra*r~f »fl«l«ji AHD 9 HAmn LAjrx. QBO. U. nOLT. Q. D. vnmuwtL
RAILWAY CVAS. J TuWXkBNU. LAN8IXO C. WAIBBmUl I NaaMr N.Y. Boiek Eiobanaa. BiANK BOOKS OT EVBMY DSacntPmi Jxu. P. Tuwxauio, Spadal Partner. MjnTt.1 Houghton Bros. & Co., Townsend & Washburn, A. B. >HEP«RO, B A if K BBS. BANKEBS AKD BROKERS, «. H. MHIXR. TOOTO lOBCETMHl BILWAVKBK, WIS. No. WaU Btraat, Now York. TNCO. H. FIECUHa UcTjttJn OOlXacnoNS maA» la aar paft af Ika aaaatiT t la««» tataa. AeeonaU of taakak NwiiiBH aa4 Stook* aod Booda Bonaht aod 8oM oo CommlMloo for «Mk or on nafvlD. A*x P. ri/TTBa, PrmX. t. W. Wou, Caakl«r. Hpaeul ttaatMa ftran to tToMad Baenittlaa. Nvakaau' .Hauoaal" Baak NoctkAi l>apo*iu r;eat*ad«iMa«raaat* to Ct iiia at Stobt. Maverick la^Naw Torki Oona National Bank, •rMNMK BOBTOW. WlNlN. T.aad PMH «N>Ma SkMk T»r>in— The Investors' Agency, OAPITAI., •400,000 • t'KPLCS, ' 400,000 L. H. Taylor & Co., a3l La Salle St., Chlraso, III., A< (M. L. SCCDDER, Jr.. Proprietor,) *- HAMKBIS, * ANaWBBS INQUIRIBS CONCBBNINO Third and B. W. C»r. rkaataat Bta., Anerican Stttcks aadl Secaritlei PHILADKLPniA. Floyd-Jones & Robison, I^m Librarr of Ballroad Doeaaanta. at Mchl. and u oSaantlat Baaorta. BANKBBB A!«D BBOKKma, -,_, ModCTata Chama. No. S KxakaaB* 0«ar«, Raw York. ilMfe*, BoaSi aB4 O. a. niiwaaial limiim Fred. H. Smith, Boagftt aad SoU «• li iiii BANKER k BROKER, Henry S. Ives & Co., No. so BHOAD ST., NBW YORB. Andrews, Twffotr raarv' kzparlanca In Railroad Bonda. Par* Adams k Kelloeir, BANKERS, Ua* daarina to bar or Mil Unonrrant Booda wU. BAUKCIUI ASO BBOKXBS, plaaaa cimmnnloata. HUicka bought la Praetjonal Lola or otkanrtM, n: Bf NABSAi; bt., nbw yobb« altliar fur Caab or oo Naivln. p. O. r. H. aarra. l Mamban Couoljdatad .Stock mi4 BOI B.W. Patfolaaa Biobaaaa, N*« Tork. •«r Traiuaal aaM«ral baaktaa liaNiiwi, tfea taMlaAnc IIiKAM nawixo. Ci^uK DiwiHo. F. T. BuxTaoo(7 HiNim aa4 aaia of mvHUm Ufta4 at tAa N«« iManbar of N«w York Hi'tok tfixchanxal Tort Steak Bxelianca. or latta opaa markal. H. Dewing Son, Smm a»n1l» rabjMt to «kwk at dshi aa« & TIMKEK * WBSTOM, •Sow Manaioa daiir kalaaaa. BAKKERH AM> BROKERS, i Street, York. BAJTKKRS AWD BBOKXBB, B» ii»aat. Stata, Ounti, CItr aad BaUraU No. IS Wall New haa4 tonaaomi>«agi. « Mooki and Bonds Bonaht and Sold on OommlMloa attantlon alTaa to InformatJoo racard* "•• * xcaAi««B cmvwfWf glTan to IBa m t a< tarwt- Partlcoiar VM lac InTaatmant HcantlM. Iowa Uian_d> Traai Co. 4 par oaat Debantuaa *• '^ •— "^ ESS£Jl«fc5-'- Gorham, Turner & Co., STOCK BROKBB. Buttrick & Elliman, BANKERS AND BliOKEItS. 18 Wall niriK-t, New York, Lansdale Board man, PIBST-i'L.tnH noNDK F4tR INVKBT* "W TOKK,MBBOAbirAT*»BSW8T. Ilia BaU«lac« 3< WaU St., Raw York JIIKNT A SFI^dALTV. loTMtor* wlablnc to Bar or Bali ara Inrltad to oall THOY, M. Y., •. 17 nwr imtT. Artmi O. OOBfUM. Obas. W. TvaiiBa, or oorraapoiHl. Barand Ball on OommlMloo for Oaaii.or on liaralB, W ialNiS>ilWllMa IIINIItoOIHm ONAA.aMOaLB. B.T.BIaakBxaii. aiiMookaABoadsdaaltlaatUaNrr.Htook flkak. I. ,
THE CHRONICLE. proL. xLiii. ygrctgtt Hxcfeange ^«nltftV8 Kn& flraxpeyg ot Co., Heidelbach, Co., August Belmont & Drcxel, Morgan & ° BANKERS, Ickelheimer & Co., triLIilAia STBEET, WAIX KiaMKT. OORHKB OF BROAD. No. 1* P'"» Street, 29 C11K1)IT8. BTSllHble In »U Eiohange Place, NEW YORK. IB8D>IHina TBAVKI.BK8' Cor, ^"^ of the \V„rM, throouh Korh»ohllil & Won*, London. FOREIGN BANKERS. Dnxel * Co., I>rexel,HkrJes*Co M..^r> n. M. 8oi.^ Frank. BUr AND DRAW BILLS OP KXCHANGB, Boslvnrd nkiumaan, « M. A? dc llo.h«l.njr& TRAVEL. ol lU k Cbwtaat SU. n CABLE TRANSFERS. ISSUE Oor. Vienna. MARK PABIS. 8. M. deHo'nr«h^d;E.q.. BBS' CREDITS. roHKE8P01ID«NTS. „ . ,t . i.t » AKI) TB«B ISSUE COMMERCIAL CREDITS, AVAILABLE on, andmjke Cable Tnuu- Drmw BUU of KUchMge IN ALL PAET8 OF THE WORLD. ON Messrs. C. J. Hambro & Son. London. W. Seligman & Co. J. & BANKERS, Itttrjestmctttg. ATTOBXaTR *!n> AOKTW o» S^ptciKl CO., No. 23 BKOAD STRBKT, Haasra. J. •• BOBOAH * "Vork. BTBEET. LOWDOH. New Mort. Bonds. >». M OLD BROAD Iron Steamboat Ist Letters of Credit for Trarelers Issne Marquette Ist #>« HRIIRMAN BROTHRRS, London. Detroit Mackinac & Co., ° Ikt lOMAN KUKKKS * 6lE. Parts. Brown Brothers & IfrankfUrt. SFl IGMAN ft STETTIIBIMKR, Mort. Bonds. YORK, Boston. iiiiRKlio OOLDBBUaAOO., Amsterdam. PWU. NEW ALTMAN A 8TKTT11KIMBB Berlin, Detroit Mackinac & Marquette Land AKD Asia, Afrtoa, An»- BBOWW * SONS Payable In any part of Borope, Grant Bonds. ALBXAFIDBR and make Telegraphic BAl.TIMOHB. '^™i°Bili"of"Bichan|te 1st T^y.7..?!li.'M°Ani?^ BSForeand California. Western Railroad of Alabama Sell Bills of Exchange Bar and and 2ds. John Paton & Co., Mississippi & Tennessee Railroad "A" *' TO CredlU BUCCESSOBa and "B" Bonds. IMS. CommercUl & Tr«TeIer«» JESVP, PATON & CO., Itl STKPLISO, KIRK, th« worM, In FjiKO" '»' York. TOBEY& ATBllaM* In any Piirt of 53 William Street, New S:SS'?rS?SjKS;..^SS;SHjr ^^„t. .„d Agency of B,^k^CorooraU^. i Broad Street. New York. •- and ...dl.ldn^^^^^^^ S:l:eTe.,,r.pJ..cTr.n.rer.or«on., urrwenrandlnwriircollecje*^! ind remltt^^^ ouiitry and Europe coupons ""tVc'irtl.!.* Art M ilenM for corporations In paying UKAFTS drawn transfer agents. Co., AKECOI.l.KCTIO>r* »V and diTldends ; also as H. Prentiss & State, and Cjuiad., securities bought and sold on Geo. ".^^on iJl po nu In Unlt«l Bondi stocks and •ZSofdSfu dr.wn In the United State, on onmmlaslon^t the Stock Exchange or elsewhere. ffltai Exchange and Cable Transfers bought and 49 WALL ST., HBW YOBK, «dtb-rU»don'hi;Si£:£2^|i0WNi8HI^T No. •**'** DBAW ON aus THB UNION BANK OP LONDON ST., BROOKLYN. BBITIBH LINBN CO. BANK,' LONDON AND 108 nONTAGUE Stuart Co., SCOTLAND T & J. & GAS STOCKS 88 NASSAU STBKBT. Co., Maitland, Phelps & Ain> BILia OF EXCHANGE ON iniTH, PAYNE & SMITH'S, BANKERS GAS SECURITIES, BANKERS. LONDON AND BANK, Stocks and Bonds ANOHBSTBB 4c COUNT* COMMISSION MEBCHANTS, Street Railroad "LIMITED," LONDON Aid) ALL KiNDa or MANCnWTBB, PATABU IN 23 & 34 Excbance Place, VI.8TBB BANKING GOIHPANK, BROOKI.YN SECURITIES BKLFAST, IKELANDj Hew York. AMD ON THB OF CREDIT, DEALT IN. SCOTLAND, BILLS OF EXCHANGE, LETTERS HATIONAL BANK OP OF MONEY QUOTATIONS IN THIS PAPBB. AND BBANCBBSl TKLBQRAPHlC TRAN8FBB8 i«B GAS DINBUBOH Ac, &c ALSO, ON MEXICO. CUBA, GEO. H. PRBNTISS. W. D. PBDfnSB. W. W. WALSH OF CBBDIT. OABLB TRAMSrSBS AND LKTTKB8 KaNNKBT Ton. Albiasdkr Babino. Member N.Y.Stook Excb. J. Ezch'ge U. O. NORTHCOTK Member N. Y. Stock John Munroe & Co., Kennedy Tod & Co., LOMBARD INVESTMENT CO's Naasan Street, New Yoik. J. Guaranteed Western City No. 82 Ho. 63 TMLMAM STREET, Six per Cent Mo. 4 Foat once Square, Boaton. BANKEBS. and Farm Mortgages. Use Railroad line Clrcolar Letters of Credit for Travelers' Act as Agenta for Banks, Bankers and SECURITY. Abroad against Caab or Satlsfacton UNDOUBTED Re-paymaat. commercial credits, also foreign and domestic Uoaranty of Issue In letters of credit in pounds sterling ft dollars. Paynble Scmi-Annunlly New Parla, Berlin traTeler*' Interest EzckaBg* OB London, Offer Inveatment Secnrltlea. York or Boston. and Znrloh. Buy and sell bonds, stocks and securities In all Am- on com- For sale by Onom OPawaD akb Patmbwtb Madb bt Cabij. erican, Canadian, British and Dutch markets mission. Collect dividends, conpons and foreign and J. B. IWcGEOBGE, Pnita Boaae-nVNBOB * CO. Inland Drafts. Sell Bills of Exchange on No. SO Broad Street. IWEI,VI1.I.K, F,VANI* •Si: CO.,!'jl.unuun.ON DON. IIAMllU" A: f.ON, Ruckgaber, c". J. Schulz & MAKt'lAUll, KKAI'SSSde CO.,!jfAKlB.PARIS. WTML. C IVOYES, n A N IF K R H IIOTTINULKR Jt CO., VORK No. 96 BROADWAY, 29 WILLIAn STBEBT, NEW DEALER IN COaHMPONDkNTS Of TH* Kidder, Peabody & Co. international Bank of London CITY RAIL-W^AY STOCKS, (LImltml), London. FOREIGN BANKERS, Hoaara. John BerrnberK, Uoaaler 4c Co. GAS STOCKS, IlaniburK. 1 Nassau Street, New York, CO.'S STOCKS oaara. Ularcnard, Kranaa 4c Co., Parts TRUST OMuereial aad TisTelera' Cradiu. 118 Devonshire Street, Boston. TEL,EGRAPH STOCKS, Mk ofSnhaaaa. Cable Traatfan. ATT0BNEY8 AND AGENTS OF Bank Stocks, Insurance Stocks. waph Stocks BROS. & CO., London See my qnotatlons of Trust an* Tel Unger, Smithers & Co., Messrs. BAKING E«n
July 8, 1880.] THE CHKOWICLE. Hi
f^nuT^evs and Iproluers in ^em %ovU ©itsi.
JAIUB WBRn-T. H. CBUaiB OAKUTT. UATmAMDCmrmM. Geo. K. Sistarc's Sons, C. Walcott Betbt H. Dooob, Wn>tii«ton. D. 0, J. & Co., WM. R. TKATSBI. gp»
«. W, CLAKK A CO. !__„.____,. Walsh & Floyd, UBTBMS A TUCKBBMAH. C^ Co. - STOCK BROKERS, B A :« K E R ft., Mo. 36 BROAD STREET, NEW YORK. I*'. 18 WALL BTBKBT, R. Kimball & Co., Raw Tork. jAMBaW.WAIAa.JB.. Nicou. rioTO, J> J. Member N. Y. Stock Bsefcaace- BAVKCaa AkD BROKER*. a a«B«rml Baa^f BailaMa. l»ala
CHEONICLE. [Vol. XT.m. It THE jgatt^g a^^ »att1^n;s.
• • • $5,799,200 Paid Up. CapiUl, Solicit aoooont* and agencle* of Banks, Rallwaj* KsMrre. $1,500,000 Corporatlona, nrmi and Indlrldual* upon farorable term*; also order* for the pnr- "gimmtiviX ©ompauics. '~1«:i«2K.rBfe'Bk&¥.SfbKB80S, K«,. chaae and iale of Bonds, Shares, Ac., Ac. on MAB OPnOB, BONTRBAL. the Stock Kzobange. Inlereal allowed on Depo«lt«, subject to BCdajs Investment Co. of HLUMMRKTAulatantOeoenJ Manager. The J u. BANKBRS: sight drafts, at Bank of Bngland rate, and f.nitDON. BN(i-The ciydegUl* Bank (Limited.) one-percent below that rate subject to N. A. Philadelphia, NBW yOKK—The Bank of New York. B. demand drafts. York A«Sio!rbOT.and«l!. Sterling Ki- Sn— and City Loans. STREET. i^.iUT CWile Trmiurera, li>ae* credit* arallable In Negotiate RallwaT. State 310 CHESTNUT eoUectlona In Canada aUMrta ofth* wuild : make* Capital, S-.i,000,000. luua* drafu parable at any of aadaiaawber* and Financial Agent in the negotiating and bank In Canada. Everj deecrlp- Acts as Sm aAo** of the THB Securities. Deals In Bonda-Corpoatlon, foreign hanking bulnees undertaken. marketing of Uoa w Railroad, SUtc, Municipal, Ac. Kxccute-s orders on Hoot York Acencr, No. 61 W^aU Street. commission in Bonds. Stocks, Ac. Collects Interest Railway Share Trust Co. and dividends. Keceives money on deposit, allow- ^t*""- ing Interest. As desirable investmeiits oITer. will JOU.N B. LIAKRIS. JK- ( and issue its Debenture Bonds, secured by its capital "agency of THB (LIBITBD). assets. „ Officers : WILLIAM BROCKIE, President. B A N K No. 4 BANK BUILDINGS WHAUTON BAKKER. Vice-President. HBNRY""" M. UOVT, Jn., Treasurer. or ENGLAND. KTHELBEKT WATTS. Secretary. LONDON, Board of Directors-William Brockie, GeorKe S. British North America, Penoer Morton McMiihael. Wharton Barker, llenry Potter. C. Gibson, T. Wisi sr Brown. Williain No. 63 WALL STHEET. Advisory Committee of Slockbolders.-Ueorge M. Oustavus Endlish, Isaac II. Clothier, Cable Tnuis- Troutman, Buy and sail Blerllog Richange and Sterllns> William Pepper, M. D., Thomas Dolan. John G. and Ireland, Capital Paid Vp, «»T1,860 fan. Ij*ae demand drafu on iMXitland K. GillinKham. John Wanamaker, irtanolsoo and ReadinK. Joseph also OB Osnada, British Columbia. San Henry I. smith, Charles B. Wright, Henry Lewis. Cralge Lippincott,Hamilton Disslon, Clayton 1> rench. Iss ed In Pounds Steglng '^I^CUIMB SOTK8 Fr-tnc'B Hawle. arallable In all Mrts of the world. COMIHKK- This Compaiir undertakes the business of Trustee SIALCKKDITHIHWrEH f"r use In Eunipe. Una. Japan and the Knnt snd Went Indies. K\»o. to Loans of approTed Railways, negotiates and Bonds of Sixi-etysliip. la name ofLONDUN <1 BKA/.II.IAN BANK OTHSR BUSINESS. Uhitbo, available In tho Untilis. HlTcr IMaie, Ac. Issue* Loans on the London Market, acU as Agent for NO BtUa rollmril and other banking bualnea* trans- D. A. McTAVlaH, Railways and other Corporations, eitiier In the mat- ( Agent*.A-ait- Guarantee Co. U. STIKKMAN, ) The ter of payments of Intereet on Loans, DlTldends on OF NORTH AMERICA. Imperial Bank of Canada or Registration of Stocks In London, or otherwise. Cuh Capital *2SS'ffin Assets and Resources •. sJn'nnn CAPITAL (paid up), - • 91,S00,000 Deposit with Insurance Department i4o,uuu CBPLCS, $480,000 Cable Address-PATT, LoimoN. President Vice-President HON.JA8.FBKBI«B. 8. UOWLANt). Prcnt. D. R. WII.KIK. Cashier. BIB AiM.T. SALT, H. rawlinos. BBAD OPPIOE, TOKONTO. Managing Director : Edward SRASOaSS: De Twentsche NEW YORK OFFICE: Ill BROADWAY. SL OatlurliM*. Port Colbome. St. Tboma*. Ingeraoll, NO. ~ " ' rargn*. Woodstock, Winnipeg, Han., D. J. TOMPKINS, Secretary. BmadoDon/llan., Baaex Centre, Nui^ira Bankvereeniging, Niw York Dirkctors—Joseph W.Dreiel, A. L. Valla and Oalt, Ont. Hopkins, H. Victor NewcomD, John PHton. "aniei AaMrlean Correnoy Sterling Exchange. Torrance. Edw, V. Wlnsiow, Erastus Wlman, V. r. la A B. W. BLIJDEN8TEIN ft CO., Oloott and J . E. Pulsford. tjJi|ir%i!SiS?^R.»J Awnu In New York AnSTERDAn, .... HOLLAND. FIDELITY &. c;A!»IJAI..TY CO *•" «">«*• "apniSsJ'JSSt!** 1 « BSTABLISHXD 18SL No*. 214 * 216 BROADWAY, NEW YORK attention paid to collection* In Prvmpcect payable Cash Capital, tS50,000. invested In U. 8. Gov't Bonds. anr part of Canada. Capital fully paid np.7,203.e8S Onllden (12,881,570-) $200,000 deposited with the N. Y. Ins. Dep't, for Aptir«>Tad Canadian bnalne** paper discounted at the protection of Policy-holders. Uflica raasonable terms, and proceeds Reserve Fund 913,0»8.62« " (1365,837-) tiM Head on Assets, January 1st, 1^S6, »5i)0,5UO 42. by draft oa York. fttud Hew Officials of Banks, Kailruads and Express Compa- HEAD OFFICE, AIDSTERDAni. nies. Managers.Secretaries.and Clerks of Public Com- Gzowski Buchan, panies, Institutions and Commercial tlrms, can obtain & BBANOHSS: BONDS OF SURETYSHIP STOCK AND KXCHANUE HKOKEBS, this Companv at moderate cburKes. B. W, from London— BLUDENSTEIN A CO,, The bonds of tnls Company are accepted by the TOKOKrO, CANADA. No. 55 A t6 Tbreadneedle St., E. C. oourts of the various States Bl««ka and Bonds, Starling Bxchange, Drafu on Rotterdam—Db Wia8ELr«ii-EFFBCTENaANK. CASCALTK DEPARTmENT. New York, buuiht and sold at CtJKitBNT PIllCKM. Policies issued against accidents causing death or ('OU.KCriUNS MADB. Enaehede-B. W, BLIJDBN8TEIN, Jn. totally dtsabliue injuries. Full Information as to details, rates, &c.. can be Almeloo—I;EDEB0ER A CO. obtained at head office, or of Company's AKents. TBS WM. M. Richards, Prest. John m. Crank, Sec'y Trantaot a Keneral Banking and CommUslOD ROB'T J. IIILLAS, Ass't Secretary. DIRECTORS: Anglo-Californian Bank BoslDeas In Bills, Stock*, Bliaree, Conpoos, Ao. a. O. WUIlams, David Uows, W. G. Low. J.B.T. Stranahan, A. S. Barnes, Charles Dennis, (I.IMITKD). NXW YORK OORRXSPOlfDSlfTS: A. B. Hull, U. A. Uurlbut, Alex. Mitchell, LONDON, Head OBce, 8 Angel Coart. J. L. Rlker, J. D. VermUve, S. B. Chittenden. Geo. 8. Coe. Wm. M. Richards. SAN FRANCISCO Offla^ 423 CaUfomUBt. Messrs. KNAUTH, NACHOD & KUHNE NBW YOKK Ageata, J. A W. Sellgmaii A Co. BOSTON Correapond'ta, of MaMaohuactta N. Bk. Bank Australasia, Reed & Flagg, (Incorporated Aatkorlaed Capital, ... f6,000,000 bv Royal Charter, 1838.) I Tbrcadneedle St., London, Eneland Building. PaM'Bp <;apltal, .... l,t00,0OO Paid-U|> Capital, ..-..- fl.OCO.wlo Duncan Cor, Nassau & Pine Ste, 9n» Pand, ...... 400,000 Reserve Fund, JC780,000 I.ottcrsot (Credit and Draft* Issued on any of the NO. 11 PINB BTRBBT, numerous branehee of BNTRANCB sganaral banking bnsin***. Issue the Bank throughout Aus- Com- tralia and New Zealand. sh*ofta.';^gi'Ki£.tis?ws:^'5iS3i: Bills negotiated or sent for collection. ROXERS AND DEALERS Telegraphic transfers made. Depodta lecelred In lAinrton at Interest for liied IN periods, or for transfer to the colonies on terms which may be aaoertalned on application. PBIDBAUX SKLBY, SecreUry. B O IV i3 S. . . :
July 3, 1886.] THE (CHRONICLE.
Interest, gioidetids, Sec, Interest^ ptuidettds, ^c ifiuaucial. I^'TEREST A^D VITIDENDS REOBGAKIZATIOK THEon r ' ma and Oattr 8U««U. IKK « I>IVIIIFM> MITIIE. New Ton < Philadelphia Reading Ti ri the ca|i- & ininrmiiii iiaJ- i TIIKKK Corn (S) PKH' ii«r loaemant BAILROAU COXPANY. with tka I. • .( tha .OB Of QaaatSa. Cbtaab . Vallej RH. CO.— wUI b« I. sT 17, to iloekBolder* ot rattjnl Tita Baooaatruetloo Truateea of the Philadelphia lod principal boada, ierta'*A.'' Warr«u vaviid. pajrabla at thc»if.>ni-T A Raadlnc Rallr\jad Company reqoeat the creditors of tbp II •rpir. IHI Wall Striyl. New HIT*. and aharaholdera to dapoelt their general mottgaKO . 1 Tork, will I .n anar A L'G r ST 7. al CSUax. I and bonds with Mesars. Drezel Co- their Towu "V-. A and other aa- yon'. Deestor, Illiafli- KK^SSttod A CoTff^^lSJS&titit. Sem aarlUat with Messrs. Brown Brolbars A Co., under to tfaAhoMar* who ara imlalMkll an tha Moatraal Mojilctp*! 7s. tha tama of tha pbui ot reonnnlsatioo, of which Ilu*UI«. Udl or V«w VnrV rM^'l.t.-r Wn' -"in•"in ikasaboMannuai aaoiaara whowoa araaia nn eoplaa aaa ba bad npoo appUoatlon at their respeou tb' ] : ^ be payable In >terlln« at tha Ira baaklna honsaa aad at the Ooanuttae Trust A "S:*^ rate .itid una penny hairpaiuiT 14a. makfoct, IiidUna— l>4"l.M' 1 Tk jri.r UandOl M" eertiaoata antltlina blm to foar par e«it latarast for Powt UvSM o-aOit. tUMaameleb ilnin MTKONXx lod tkraa i s. i' wtU ba ranpeni-ii at 10 o'clock .\. yaa u aotU raoraantsatlon If sooner eObotad. IH. QamSnSXM oS'iaoa Sallimd COb- UAV. AtWUM- 1 and apoo raomntsallon ta a toor per cent new ceo- of Iba Board. ftalMancic* T». aral aiort«ace bond tor (1 JMO and $480 of praferrad CUAKI.I8 OKll(K.WATKB, stoek-tka hoMar of aaoh saraa par cent bond to fiacretarr. raaalTe lao additional prafarrad stoek. OWKB or THK ! . "lal Cuaunoo tSt CMianWllalal Stook. latedStuckUs KaittOTB rSk*- Taralnal C^apaor ot Of«<»a. STOCKb and liUNDS HB> Obmop IBank, i luinii' i>ro|iortlona aqaal to Imaturad eoapona. Cb iisistBh 7«aii P. tueiMldar > HHo'eiaek. M , „- tilately. subject to the order ot tha oommlttaa ap. aaaaip ail e by tb* Panlia^aa I'l.niiuiitci; i„r a rr. polnud May IH. U)8S. daotioB or loleri •!. Aa..aa4 K take neb arton In tka pram •« aa but Maai aMaable anflor the The pelll lun la In the hands of the Cbatrman of tka """""' Mr ^f tiw^la> ACO.. IIIINK* V I u ^••"-*' "•"'^"• JOBirBfoOOOOOD. "SHL-ssatfas" 'i .*M«. CsmmlWaai . [Vol. XLIU. Tl THE CHRONICLE. 'gitMUCULL %iVMUCivCL ^tuaticial. YHB ronniTTKR FOR THR KB* In vestments. Erie OKUA>IZATION UP THE July Lake & Western Railroad. Buffalo New York & 8latearaeorcla 4 1-tla. 1913. Ml. Paul SIlun, & Man. (iold'Jd 6a. 1909. Notice is hereby Riven to tho hol<1cr8 of ie- Philadelphia RR. Co. Chea. & Mhio I'urch. .Money Gold lat Ua, cuiities or the LAKK KltlK & WKSTKKN KAIL 1N9S. KOAD, that the time in which they may t>ocome lim ^ tiirr (tT«ato UMhoManofMcadUM parties to Ihe reorKanlKatioD agreement dated «< «k*Ba»ia N«w York A Phltadalpkla BaUro^ «iraad Raplda «i. lad. Ld. Ot. Guar. Gold Kebruiiry 1, 1886, Is fimlted lo TDBSDaY. JULY r^MimH Ukat Ih* UaM la wktah Umt aur Mooma la<7a, 189(1. ^0. 18b6. Aaud Hi>Idere may deposit their securities on or before vaniM la Iha raoiculaallaa ttmmtat Kaaaaa City 81. Jo. d; Coancll Blaffa let 'hat date wth the Central Trust Cfunpany. or with aitaadad to 1ft. the undemiKned. I'urchttsintr Is rsmRUAKr U^ laM, u JULT 7b, 1997. The Committee em- powered to fix peaalties for failure laMLaflor •ktabtelaaad aatll farthor noUoa Um to deposit*^ by»J Iowa FallaAfHloax City 1st rs, 1917. July aOrh. ••a wlU oalT b* raoMTad at tha Bank uf Naw Vork. FRANK C. HOT.MNR (Franh C. HoIlinBACo.). M. B. A.. h««,aB« at tha rMallt; iDraranoa Tnut Maple RUer (Cblcaso *•«• " - tn, Broad iww. 'PHB,„_,„ _.„_.„• Stbk«t, July 1. isa«. Transact a General Banking Business. X Chairman. l/NDEKMUNED H.ivii THIS R, lis; formed ] a cop,\rtnersbip under the Urm ', ':-- : : I Kiil.KK, Dirfct Private Wires to each oflSoe I BLU.n d- and to ll. I . Nr.V\ I (IMKIt, ., ST. GOA U. JOHN tItKKOR. Committee. " """*'•' "unking and Brok- PHILADELPHiA, V». i». VV|s~OK. craii«bi™n"" inkniiKH BLi;.>i, J. M>M iii.i; u I I, -ill, BOSTON, J. N. lltTI IM\~ I : AND W xtmtk HUNT'S MERCHANTS' MAGAZINE, aEPRESENTINa TUB INDUSTRIAL! AND COMMERCIAL INTERESTS OP THK UNITED STATBl VOL. 4a SATURDAY, JULY 3, 188a NO. 1,097. CONTENTS. the two jrcMTJ. Ai ia our eattoa, w« deduct double the8» TkluM frani the New York toWa to arriTe mi the amount of THZ OHBOKICLS. •xcbanfce* due to other boaineea, the result reached being Olaarloit'nofus Rotant Ttie D«M Maliaant fbr Jm*. Th» Ki nmr ui gunntton UdIImI 8l>t«a TrwMiy Stot*- |41>.018.S30 in 1886, agmiiMt •397.161,921 in 18S3, or an exoeas. of 83*7 p«r cent. Tto Lak* IkMw «« liM MkU- MifiT Mid Oaoaawctal ••(VMral aiaiiuM lB CB«Uak New* (ial tbnttw ot Juaa CtaHMMiat aad MlaMUaDMoa Vewa 11 3Jhc Chronicle. OoyatmtctkL ^to FciAjMtAL Onmncui U pMUMtd in VV«M r^rk tttrf Satmrdaf aMnttaff. M tka FM« OOmw Maw Toift. K . T.. elaa* M MOSM BaU mMtar. I Tenu •t SakMrlyUM—P«jakto U A4Taice ferOa* Ymt (laaiadlac p<«ia««) (10 M !«r8U«I«itta «• a 10 fitam laatade the la • aaioai' Stir i unmrr, iiMi««A onoe in tw* __„_, aa4 far lifcail a wttkoal aatra aharx* la •utMcrltwn ot tte j^mm , ^Maa«7 raauateaeTsrb-. „ faralakad a« M Mmr«: pa«ta«eoath« I la 18 DU. Vol booadferaabavrlisra*! •! 00. - - JiaaoManaui.A«» v5aaeiai,Oaonouln Laoteo (»Ko«AMe«BMmi.l DtmptnronHtm; U. C wfcw tab- ^.•* iiMiiMiiiliwfl ke takaa > iMa laimlarnata. aa« la er »te»apar mmmHmI at la. MM*. iaftkaaiMmeufaU«wpa«ltoalBIS.Ciakaair»Bailillnga. '• * «l William airM't, !«iw *oaSro rloTD•^ i VOBK. t P..-T <)rri.;« Boi 9SH. CLHARISO HOUSH RETURSS. The oleariog booH ratam fbr Iha WMk ended June 3« are •like in the pwtletdar tlwt at evwry olty inolnded in oar atate- aaoft aonw innrnai ortr tl» eorraaponding period o( 1888 to raoorded. M-iraover, w* Cad by refcranea to our fllea aiaoa wa began the eompilatioa of tbaaa flsorea, and to the rolaiaaa of Tht PublU for earlier yeara, that it to tbe flrat iostanoe of tbe kind tinoe (Xtober 18, 1881—a period of nearly five yean. Ia oompariaoo with tbe preoedhig weak the total of tbe prauat retnraa ladicat«a a anaall loaa, bat it ia ao Hlicht I l,9n,18t for tbe week of laat year, which repreeent a ''Mtd* !«•• V'Tir 'tMlMiiA •iu.lH4 71^ -auflWMft «0-* aarfca* value of fUS, 190,000 and 175,410,000 reapectivaly ia aauaauaoa th* I I If Its. last TisSlT ritTi-i ; THE CHEONICLR (Vou XLIII. Our foreign exchange market was firm until Wednes- but not notably TBS FINANCIAL SITUATION. day when it became slightly easier, q a great extent been satisfied Money baa been a litUe more active this week. Tliis lower, the demand having to the loan of gold, while the activity in money for the inciMse in activity baa been chiefly apparent in by shipments have bankers whose requirements were not of bMikera' balance* at the Stock Exchange which moment induced movement of cent, the lower figure being urgent to refrain from buying bills. The ranged between 1 i and 9 per commenced week before last still recotded early in the week. Careful obeervation how- gold to Berlin which there are indications, as there were ever sbowf that the week's average hat been about 3 continues, and while at demand will soon cease, bankers, in the per cent, comparatively small amounts being placed last week, that the per things, are unable to speak positively the higher rates. Renewals have averaged about 2 J present condition of ostensible reason for the movement cent, and banks have been able to obuin 3 per cent for all on that point. The conversion of the Russian debt, the money they have had to put out. that has taken place is the All the early This sudden activity in loanable funds is mainly due to as we have stated on previous occasions. have gone directly the preparations for the disbursement of the semiannual shipments are understood to consignments inteieet, and for dividends payable at or about the first of to Berlin. Some of the subsequent sent via July. An important feature in our financial situation is, are said to have been London that our banks do not by any means do all the loaning, but whether this latter statement is correct or but they hold all the reserve. Trust companies and not cannot be ascertained until the arrival out of the others who make large interest payments and loan well up metal. Assuming that Berlin has drawn all the shipments, to their deposit lines, call in heavy amounts a little in ad- she will have obtained a supply from this country of dollars has also secured some small amounts vance of the interest period, while the banks in which 6 million ; she they deposit also call in their short loans and refrain from from Paris. We notice that the Bank of France reports a lending in order to be prepared for the unusual drafts at loss of £291,000 gold, which we presume has gone in that period of depoaiting institutions. These and other that direction. The total exports of gold this week have similar preparations for disbursements, usual at this been $3,624,342 84. period of the year, make a change of loans in These continued gold shipxents are the feature very many cases necessary, while for the time the which more than all else is attracting attention at supply of money is thus in some measure restricted. Regu. present. The net total that has gone out since ]ar borrowers usually anticipate and provide against this January 1, including the movement of this week, period of special activity, and so the demand is confined reaches about 35 million dollars. But even that to those parties on the Exchange who have neglected aggregate need not and would not be at all disturbing to do so, who, from the nature of their busi- were the movement strictly in obedience to the laws of nees, have not been able to do so. Of course an aggra- trade. Foreign bankers do not seem able to determine its vation of the situation arises out of the operations extent or duration. They have for some weeks been of speculators desiring to make a diversion in anticipating a drop in exchange which would render the stock market, which efforts have been aided on the further shipments impossible ; but as soon as the demand present occasion by the gold exports during the week, from one centre seems satisfied, a like demand breaks out almost daily withdrawals for that purpose being announced. from another, for every great commercial nation in the This latter influence will account for the 7 per cent rate world is just now terribly in want of gold and increasing on Tuesday and Wednesday and the 9 per cent quotation its holdings except ourselves. A common danger that all on Thursday. It is thought that the comparative stringency see, all are providing against. In the meanwhile our wise may continue for the remainder of the week, but as soon men at Washington appear to find amusement in tacking as the principal cause is removed by the checking on to appropriation bills a direction that the Treasurer out of funds held for the payment of interest and divi- be required to issue silver certificates of smaU dends, banks and trust companies will feel free to resume denominations, and with them pay all the year's offerings, and the money market be restored to its normal appropriations. No one believed that such a provision condition. This return of ease will be aided also by the could pass, yet this week the House has voted in its favor Government first of July disbursements, which for interest almost unanimously ; probably the Senate will strike it on its bonds reach $9,528,380, the largest item being the out, or if it does not, we cannot think it will get the ap- quarterly interest on the 4 per cents. proval of the President, though possibly it would be ' A dispatch by cable to us states that the gain in bullion harmless with the execution of it in his hands. Still, the by the Bank of England this week, which is reported at animus of this last effort to force silver certificates into £232,000, was made up by a receipt of £162,000 from circulation, and the utter disregard of every industrial Australia and £70,000 from the interior of Great interest which such an effort shows, makes the public sick Briuin. It is also reported that discpunts of 60 day to at heart and hopeless of anything but evil coming out of three months bills in London are a little higher than last Washington. Of course the purpose of the proposed law week, the rate being IJ^ per cent against I of 1 per is inflation, the originator probably assuming that these cent. This is probably due in part to the demand small bills could be got into the hands of the people who for discounts resulting from the recent advance of will not take the silver dollars and have no call for the long sterling by our foreign bankers. It may be large certificates. He forgets that the public knows the also that there is some improvement in the trade article he has to offer as thoroughly as it does wooden demand, though that would seem hardly possible tintil nutmegs, and that an attempt to make the issue would the elections have made further progress. The cable through fear of its results, only paralyze business, while also reporU silver down to showing that 44id. there was the notes would'find their way back into the Treasury as no ground for any advance as yet, but that the old fast as put out. We see that in the same bill is a pro- influences are still operating to depress price, for this is vision directing the re- issue of one and two dollar green- the lowest point reached, though not by any moans the backs, which Treasurer Jordan had withdrawn to make ''>west II be reached, if Europe continues to room for the circulation of silver dollars. The putting of pursu" pecting silver as ourreitcy. these-two measures into one law by silver advocates could be - July 3. 1886.] THE CHRONICLE. made a capital basis for a jest by a troop of darkey nual Yean Bxfttiittum far— SurpliM minstrels. fndtd Junt 80 ' OnUnam. I iVruiuiu. InUmL l\itaL .QmraiM. It is very agreeable and satisfactory to be able to torn t I«7».. « from snch a picture as this to the 3S,iai,4S» 10e.Sir7,«48 SIW.M7.884 actual Treasury situa- ISSl) 6379,300 . 5(i.r;:,i74 M.;5;.57S M7.Mi,vaa 65,883,603 tion which the first of Jnly l"*ll.. sUtements present. (Jnly 8«.Sa8,74l M0,7U3« 100,000,406 i> 1 MSM**. .... a,?«v.^w wt-n employeea that a railroa-l as ' well as an U^J>» »« sjetjsw SI'S') individual has the nght to tMtMt t^ Msasso, SM li defend itself and iu property ; but it is a very t.*mM>o 1*9 a^isjsse wholeeome leeson to be Uught, when UMUMf l»« ijmjMo, —m*\' the need for it is as : »jaijo» ars ajmfi^' apparent as it U in this case. Train wreckers are »j)fm,ca> «»« Ktmfi- no bet- 1 ter 4M»Jt» mrt > •fixrfin. than train roboers and ought to receive no quarter. ( Kimjm m* T.TMaOV, •at ' Evidence of l.^l.<0» I»H •ijmt^m IM'I the improvement in trade is afforded in m:v>«o »s tsmjan »ri g<»^t faUures for the half year just closed MamW s<« tjomjw ^^y^g issfid tUTinSk. by Messrs. R. G, Dun k Co, A record \»>/>» 311 ShMUMO tf mercantile 3.i»rr/«) disasters is of course a sort of €tt ».imjm «r« ! barometer to 9f>i 7 lai. ' "" -> t e condition of our industries. As trade improves and tie prospect brightens, the number of calamities dimin- u.fli A'W jc.-..«ia 4 4 , |,4»7,(10l iies, while when the outlook is discouraging and the fad •Situation bad, the effect is perceptible in an extension we space, we should like to remark upon other of t le WW of the Treasury disasters. It is, therefore, gratifying to note that both sutemenU. There is, however, point 10 the first and second quarter of the year there has been we must refer to, aa our readers are largely a material falling off •rested it, in the number of the failures, and the in and that ia the surplus revenue for bond »»?greg»te extent which It of the liabilities. In the first quarter 3 is probable the coming year will afford. the number of failures was 3,203, against r be reached approximately from the following 3,658 in the same quarter of 1885 and 3,296 in ent of Oovemment receipU, expenditures and 1884, while the liabil- ins, since 1879. itiea aggregated only $29,681,726, against 46 millions in 1885, 40J millions in 1834, 38 millions in 1883, and as much • as 33 millions even in 1882. For the Htttlrlt fmm second quarter the •1 *'"rr -| .iico 188 '2. . THE CHRONICLE. IVoL. XLIII. this week has had rather conflicting^ QVAHTtmJ The stock market VmlT Ql-AIITIK. SKOND influences to contend against. The good exhibits of earn- Amount of Jrrra«« If AvrrOft y«mMr I XAmbaUla. 'LtnMHttt companies, such as those by the Vaader- Mttiirw UMUUm raOur—] ings by various •«8,T7l.in3 f24.aiW 1.7M bilt lines, the Erie, the Northern PaciSc and the Nor- «,09t.(W7 taa* IJ»> 4&WS.BI0 Western, of course had a stimulating effect on the- •.MS it,4ai •.470 folk & iMk. ».aa Xxftnte*. Ktt MPnlnoa. in the Illinois Central Rtilroad, was electel President, ani TBUKK Lraa 1889. AKvniaa, isen. isao. 1886. this led to the report that the IlUnoii 'Jeavral, itt * * Jan. 1 to Ju sa whose interest the road had previois'y been operated for S,B79,T77 •M«« Yon Ouvnl I4,84ll>)0 11JM»,8B« e.344,S41 7,886,0Ttl 5,808,859 1.899.518 of the proparty. Laka Shore. e.Wl.THd, S,48T.(I94 4,482,0U7 4.6.'«,UH 2,160,689 so many years, had again got possession Cwtnl 6tiaHJU00\ i,VTS.00t> 8.eoi,ooo s.ina,ooo 1,484,000 1,087,000 idtliu But inquiry of Vice-President Fisb, of the Illinois Gealral,. 6,666,315 TOUI taje».»!»,vi,»^«fiu> 17,774,436 ia.lie9aM V,457,5to elicited the response that he was not m the confidence of /an. I to Wailtl n.OHi.BSS l?.99S,57»'ll.B7S.54l- 6,318,491 6,610,413 Daring the time that the road was. fPenQjylTKilM . is,gi4.oe3 the new managers. unaffected by the inclusion 'of the West Saore, so it is previously reported has counted almost in iis fall extent significant that these nine roads have had net of nearly in the net, the expenses having baea increased bui- 20^ millions, against only 15^ millions in 1885, an increase $16,391. Tae gain in the net is $66,240, tie total of the of five million dollars, or almost 33^ per cent. The same being $504,395 this year, agimst $438,155 in May, returns of only three of the nine roads are for the full 1885. Of course, the charges against earniags are aUo half year ; if we had the others for the same period, the heavier than a year ago, but not so mucU so as in tti» gain would doubtless reach from three-quarters of a mil- earlier months, and the result is that whereas in 1885 lion to a full million more (the Cleveland Columbus Cm there was a deficiency below the charges of $43,115, this einnati k Indianapolis alone for May is estimated to show year there is a surplus above the same of $7,348. For tae $100,000 increase), making the aggregate increase say eleven months of the fiscal year the deficiency now S} to 6 millions—all in net. Such large figures as these amounts to $216,033, but it is the belief of the company's, ue evidence at once of the "beneficial effects of ihe present officials that this deficiency will be transformed mto a sur- policy of remunerative rates and the improved outlook for plus when the accounts for the full year are made up. Jun» Um properties affected. the twelfth month is usually a very good mouthy and thea JuvT 3, 18M.J THE CHRONICLE. there ia besides the income from miscellAneoas sources. yew YORK CENTRAL'S SHOWISG. Id the previous fisc*I year the deGciency for the eleven The showing of York Central months, u will be seen below, w»» only a trifle smaller New for the quarter year than that now, and yet the annual report showed a small ended Wednesday of this week illustrates forcibly the surplus on the year's operations. So it would not be at importance of the remarks made by us in commenting upon the exhibit for the previous quarter. all surprising if the same thing happened this year. The We then took the position that since the following is a comparison of the figures for May and the March quarter was invariably eleven months. one of the poorest of the year, the result did not furnish, a criteroa of what might be expected in following months, Mm. J«if lUJTatSI. KtrVumPmUM- and that an estimate on that basis was certain to be wide vm. 1S8& 1884. UBS-S. j US4.«. U8S-4. of the mark. We now find in the June quarter a verj t • • I • 1 Gttm hiM .. mum lt.4«>,«M material improvement, though this June quarter' usually «T»,»3S «saMS mtjnm *,4Ujm sjaM-uo OpoMlupaiMa. shares with the March quarter the distinction of being NetMiafawi... OO^SM OikUS saswas 5.«i,M3 4.TU.4a( a.i«5.i3a ChsriM MCTM*.. ».m»*n «jn.ist amongthe po9re8t of the year, and in b9th 1831 aud 1835 HarpiH ijufi 4^.41111^ \4fi»utdtfmijmd was worse than the March quarter. As a result, instead of a deficit of about $235,000 below the amount needful It will thus be seen that the deficiency this year has for cent dividend, occurred because of the increase in the charges, the net tha one per we now have a surplus of having improved decidedly over 1S84-5 —$S36,000. $97,717 above such amount—in other words, the com- The following |itatement, made up from returns col- pany in this quarter was able not only to meet tha increased ohargaa (som» enUiled the Stiore I«etad by us, shows the week's receipts and shipmeau of $441,000) by West gold and currency by the New York banki. leaae, but to earn besides 1 1>10 per cent on its stock. The only way, however, in which we can get acompleta 1. IWSl Mumi*H\ SMwHH WMk mMm ./WV the improvement that has taken place, is to V. r. Ku**.'V. r. amim. Mntmmt. idea of com- tijsoiwc nw,as» (Ma.. I41«.0M para with the corresponding period a year ago. Then the 4ol4 •.••....«..... company did not have the West Snore charges to take TMalaMaMlMilUMtan.. .. tmjm Oata.. >V JalkLMK OataTJ Jta Okanafi* ings for the three months have iocreaied over those of 1885 in the sum of $1,902,366, while expenses are larger tuioojoe a«ia- MOO, no leaving net •jWXMS . M<».0» by 1709,136, the gain in the $1,193,230. tflariMS«^«Ofc There is, to be sure, the objection that the West Shore The Bank of Kngland gained £333,000 bullion dunog the operations being included in the totals this year, and not week. Tuia repreeenu £70,006 received from the interior, in those last year, the increase shown is in pirt the result and £162.000 from abroad. Th« Bank of France lo«t of that circumstance, but this remark applies only to tha 7.275,000 franca gold and 2, 150.000 franca silver. The gross earningf aa 1 tue expenses, and not to the net earn • following indicatea the amount of bullion in the pnncipal ing», for it se^ms to be generally admitted that the West Koropean banks this week and at the eorreaponding date last year. Saoi a ihl ltot contribute any net, its entire receipts being required for operating expenwj; hence the gain of nearly Julg 1. II JtUg t. ISM. $1,200,000 may be Uken as the gain on the Central proper, being an increase of about $400,000 per month. a It is claimed in some quarters that a comparison with Mkefl . 3l.31».83» MU.IgS II. last year is hardly fair, because the result then wu so •katrtmaM... . !WV,(»«.l%7 *%.Cfl^.2^e 4A 0^4. 163 «3.167.7n - I iif naimaaji , ll».l77.S*) 17.00(1 4-*i( 1 I.MI.TSO ia.4-M.350 extremely unfavorable, and that as a conaequgnca a com .|'«.\&»I..M« iPtli known, thediSerenca between this year and last year U.S. m*—rOtr- oonaists in the change in the situation tbat has occurred. Mo4tt. OirH/l^i. U/UalM. A year ago there was no eonfldeno in values because the JoaeU. a3ft3.U7 u •304.0U0 $10,000 •32.000 rates demoralized, and the - s« S13.000 n.ooo 40,000 railroads were at war and •• 74.000 in %t 7S4.4M 7»i ••4.aoo le.ooo whole business outlook clouded ; now we are a - aa S37,.IM 7ll 69^000 87,000 6U.O00 • sanguine frame of minr*, because the roads are at peace, M SM.O0O 37,000 3l.'>i> Jair 1 tWtMt it.ooo )i:.oo-> rates maintained, and bnslnees people everywhere taking •XOS0.77« -a 4.004I •Itvooo »:wwooo hold with vigor again. It is of litth consequence whether loeladori ia itia above paymaau ware •6,i>00 in silrar the comparison with other years preceding 1885 is good or «oia, eUaflj sUadard dollan. bad, for it is not supposed that we will at one bound get [Vol. XLIU. 6 THE CHRONICLE. April and 1881. the earnings for the month of June, the figures for bMk to the extremely prosperous state of 1880 been furnished. Here is the *'^'' "* and May having previously All that is wanted is conTioeinfC proo' ^'>^ °°'y the April and May the loweet June result made up in this way, with •ra no longer on the downward grade, but that ago, and that earnings also separately stated. tage in tliis movement was reached a year Still, m the from that point we have made some recovery. isse. 1885. Increase. ago and •647,880 present ease we can compare even with two years *8363,644 11,816.384 8.548,688 1,814,895 788,887 net are $2,9 18,000 this year, find improvement. Thus the Jima 8,609.884 1,078,915 e86.91» in 1884—an against $1,724,770 in 1885, and $2,128,813 Total for quarter 87.506,000 85.603.684 $1,903,366 as it incnaae on the latter year of nearly $800,000. But The chief value of the figures separately by months is must come may be claimed that the West Shore charges in their affording an idea of the tendency towards the remaining out of this in the present year, take the profit close of the period. We find that the June gain is only being on the stock, and contrast that for the three years, it smaller than the gain for May, which had been the heaviest did not exist understood that the West Shore lease rental of the year. It reaches $626,919, which, making a liberal to diminish the amount m either of the twp years pre- allowance for the amount contributed by the West ShorOj $992,- oeding. This profit we have already seen reached leaves an increase of $300,000 on the Central proper. in 1884 000 this year, against only $239,770 in 1885 ; the amount was $733,813, so that there is a gain even on TffJS LAKE SHORE AND THE MICHIGAN that basis of $258,000. Below are the figures for each CENTRAL STATEMENTS. quarter since the company began to furnish quarterly The half yearly exhibits of these roads meet popular statements. expectation in showing a decided improvement over the year preceding. The Lake Shore gains $464,000 in gross, OptraUnt jHtrmt, On— XH in net, and this we may suppose to be Bxpnua. Bmtaii, Pro/It. and $570,000 Quarttr tnm BamUttt. A Ttuui.' 6tc. entirely the result of the better rates obtained this year, for the reduction in expenses in the face of larger earn- DM.8i.ises... 7.914.1S8 4,88l,7W 8,8aUw i.8e?,ooo 1,837.389 Mw. 81. 1884... 6.710,1W! 4.8I8.893 8.4U1.6e8 I,S85,(K)0 1.096.693 ings would indicate a smaller volume of business return- j*MSo.ue4... e.aei.(/;i 4;n8,SS8 8.U8313 1.395.000 733.813 sspcao. uei... 7.ia83n 4.718,888 8.446,616 1,445,906 1,000.820 ing a larger revenue. The same is true of the Michigan 1,500.000 1,877,084 Dae. 81.1884... e.810.170 a,«8S,0b« 8,077,084 Central which on an increase of $463,000 in gross receipts Mar. 81. I8SS .. S,8eS,8M 4,007Jie 1,806.006 1.485.000 470,008 JanaSMSW... 5,408,684 tJUKJSM 1,784,770 ],485,000 839.770 has increased its expenses only $66,000, leaving a gain in a»i. 80,1880... •,053,415 4.600,«a7 l,e03,908 1,463,786 89.488 D«>. SI. I8H... a37«,aoi 4,i8^eo« 8,741,888 1,467.000 1,274,89« net of $397,000. Mar. B1.188Sf.. 73<«ja)i 4,786,361 8,685,840 1.986,000 6S9.H10 The ratio of gain is much larger in the case of the Jnoa 80, ISeW-. 7,506,000 4.888.000 8,»i8,ono l,98e,00» 898,000 Michigan Central than in that of the Lake Shore—the * All taxea, except taxes od pamliigs and capital, t Weal Shore opcratloua luoludud. percentage of increase in the net being 36^ per cent on Thus the result for the June quarter this year has the former and only about 30 percent on the latter—and this reversed the experience of the previous two years, in is what we should expect, for the Michigan Central carries giving us a better showing than in the March quarter. relatively a much larger amount of through business than In both 1883 and 1884 the June return was less favor- the Lake Shore, and should therefore receive greater ad- able than the March return. This year it is more favor- vantages from an advance in through rates. Neither able. But what is particularly noteworthy ia the steady company will pay any dividend out of the half year's way in which the improvement has progressed ever since earnings, though both show something available for that the restoration of rates. I a the three months ending purpose, which is in decided contrast with the situation in with September of last year (before the advance in rates that respect in the half year of 1885, when each had a counted), the profit remaining for the stock amounted to deficit below the amount needful for the ordinary fixed only $89,482. In the December quarter, when the higher charges. This deficit on the Michigan Central was rates counted in part, the profit was .$1,274,392. Neither §233,000, against which we now have a surplus of period, however, embraced the West Shore rental, which, $194,000, and on the Lake Shore it was $34,190, while in if taken out of the latter, would have cut the profit down the present year there is a surplus of $549,639. On that to about $833,000. Then there followed in the March basis therefore the improvement is $427,000 on the quarter (after full allowance for West Shore) a profit of Michigan Central and $583,000 on the Lake Shore, or $659,840, and now we have for June a profit of $992,000, over a million dollars on the two systems together. Out of making the latter heavier even than in the December the $549,689 surplus on the Lake Shore, $125,000 has been period, which ordinarily should be decidedly better. The taken to provide for the sinking fund on the 1st mortgage reason for the difference this year is that really it was not bonds, leaving the actual amount available for dividends until the last three months that the road got in full the $424,689, equal to about seven-eighths of one per cent on benefit of the higher rates. Had the advantages on that the stock outstanding. In the case of the Michigan Cen- •core been as great in the December quarter, that quarter tral, the surplus is apportioned in the amount of $146,360 must have returned very much larger profits. The quarter to the Michigan Central itself (equal to about three- joat begun, and which ends with September, usually quarters of one per cent on that company's stock) and laaks with that closing with December as the best of the $47,640 to the Canada Southern (equal to about three- year, so that the outlook for the next three months would tenths of one per cent on its stock). appear particularly good. Even as it is, however, the The fluctuation in the income of these companies Uas three per cent paid out of the income of the last three always been very great, the condition of trunk line rates quarters (nine months ended September 30) has been fully being one important factor with them, and a good or a bad earned, and a surplus of $243,151 exists besides, whereas in agricultural season another element almost equally im- the corresponding period of the previous fiscal year the portant. Tnis may be seen from the following statement eamicgii fell $595,988 short of meeting such three per of the Michigan Central's income in this half yearly cent dividends, a difference in favor of the present year of period for seven years past. For the years prior to the |83U,139. consolidation (1883) we have taken the separate figures of From the exhibit for the June quarter (which'of course the Michigan Central and the Canada Southern and added is partly estimated) we can determine the company "sideaof ihem together. ' JCLT 8, 1888.] THE CHRONICLE. MICBiaAl CKmUt JLXD CAXjLDA iOCTHKIW. The exports of gold still continued and a considerable ( amount was shipped from New York daring the month, the Jan.\ Onm OH" Tmttmt 7b 7b 9urv(tM. anwda to 'IJSani yearly clurgea ; but in the very next year (1883) under road traffic, owing to the batter rates this year than last, higher ntea we find them up again to $2,149,000, or together with the satisfactory outlook for large crops, the |939,000 above the charges. In 1885, however, they bad tono was generally strong in the stock market, and prices got down as low aa $1,087,000, from which there is now improved. The speculative influence was also on the bull a recovery in 188C to $1,484,000. It will be noticed that side, and in the granger stocks particularly there was this 51,4.<<4,000 net ia greater not only than the amount quite an upward turn, under the manipulation of a pool in in iHs ,, bat greater also than the amount in 1834, the which Chicago men were said to be the leaders. Michigan Central thus ahowini; the same characteristic as Foreign exQkange ruled strong, and the rates were near noted in another article in the case of the New ^'ork the specie-shipping point The exports of wheat and Central (or the quarter ended June 30. The gross, bow ootton were relatively large, but prices were low, and ever, are not up to those of the half year in 1884. On commercial bills were not in sufficient supply to keep rates the Lake Shore figures for the current the other band, down. year do not compare so well with 1884, the net being The following summary shows the condition of the New $260,000 smaller than ia that year. We have gone to Vork City Clearing- House banks, rates of foreign exchange some trouble to make up a summary of the Lake Shore's and pricee of leading securities and articles of merchan- exhibits back to 1871, and give the result below. dise, about the Ist July, 1885 1886. LAKB m-tUM « MICHIOAX nocTBaasr. of 1884, and xuxumau. anMitABr oa oa aaour jolv 1, 1884. I88A kxo 1880. Xtt J»n. Il«/a Jbatai^ac /9urptuM. 1884. 1885. 1880. ( IWl.. aagojiM' 1.4M.«I« SM.480ba00 303.739, 351,086.500 lam.. tMum umjai tnassij ijomtm 86,817,»00 113,956, 65.013.400 ana.. aiOT«w MW.SH tjswM unjis 14.984,S00 9,910, TOO 7.823,400 ' -'- — 1S74.. tMtjml — — UST.BM •M.lSd.S00 S7e,7e3, 500 375,838,100 IMS.. amt7*.am tS34M00 4S.d28,700 43,297,900 94.100, 87i 93.957.025 30( 108.311,300 I mutf 84.801,300 157.585, l.0«7.BI« 13.U1,62S 68,894,435 14,354,375 l.n>.r74 amMM 3 aaia 1 •!% 1%*3 wjmfi.rm 3 %K 3 ao '»•**«••••• ••••••.. VJiB,7lli S^HMM LOMkOM 49 %d. "^ 4 85 4 8$% MM.T40 99 >« 108% 100% «,ISfJS4 4,MS.IM las 133% 183% •MW.WW 111% 113% 111% llSHi 133% 136 • OM Of this. atts,ooo wa* takra tor riaktac fuM M lat mart, hoiiiu. A glance at this statement saffiosa to show how extreme nv Yofk OMrtnl * Ba4. JUT. 07% 83^( 105% .UK. AW.) 13>« 9% 38% are the flnetnations ia this company's income. In 1880 taifl«h.aoatb«a. 71 55 84% LCMUrmi 54 >• 51 72% we find a sorpius for the stock in the half year of over E Utaoda PaetSc 104% 114 124% 113H 13tt% 139% $.1,000,000, equal to about six per cent—in 1885 we find AMorth* 84% 92% 113% ~nw.aai.p»ai,oai •1 71% 93% a deGciency in meeting cbargei of $34,190. It is com- t.«Mk.aWwtan. 110% 93 139% JotMr.. 54% 39 54% monly tupposed that the 1885 deficit was the only one in a. 11 10% the company's operations, but the OtHM, iOddrs Uplaoda.f 9% above sutement shows WeokAsMriMui XX % a. 33*40 32*34 33*83 that to be an error, for be^ latr. plir, Ko. 1 . . 9 too. 30 00*31 AC 18 00*18 50 18 00418 SO ten years before—in 1875—there 30 00 27 00 34 50*35 00 WlMaLVo. 2 red win. t biub »4%*9.'S% 100% 8i% also appears to have been a deficit Periods of prosperity »8%eA8% 53%«64 46% would seem to alternate with periods of adversity every ¥SS,mm^. • bio. IS 25 110U*1I50 1125*1175 plp«UD« owtlfle'i 50% 75% 68% five yean. From 187& to 1880 there was, with one nuoaa or aovBanmr laouainai ni juaa. 1886. exception, a steady increase in the amount earned for the 4%», ^1 •took ; from 1880 to 1885 there was, with one exception, JWlM. 180l'.!l9O7.lgP*j Jun*. 1891. 1907, 1808 1898, eoM^ eoup.. wmp. towf). a steady decrease in that item. Now we have an upward T*g. ng. rtg. moranMBt again. It does not follow that we will have 1~. 136% 19. 3... ;ii% 90. 8. flv* yean of it, but with rates maintained and business 3... 136% 31.. 111% l',J6% 4... 126 33.. 111% 126% TSTiTiBg, the company's prospects for the immediate future S... 33. r,26% 183% 111%J136 34., 112% 127% 102% ought to prove good. 111% ts.. 113 103% 34., 127% 101% iii% 134 .8, FINANCIAL RKVIEW OF JUNE. 101% S:; 1J7% I 30. 137% 101% June was a month of improvement in tone at the Slock U... 111%^ 80., 101% u.„ 8.. Knfaaoge, but of great depression in prices at the I'ro- 14... 111% i::ii 120 Op«n. xtl% 1211% 101% x33% dnee Exchange, and also ia petroleom. 101% Hlih. lt'J% 1 27%, 102% 133% 134% Unr.. 11% l.Mt 101% 133% The money market remained easy, except that in the Is' .Oloii.. 113 Ii7 %|l01% 133% few days of the month, jnst prior to the Jaly disburse- wing table will show the lowest, highest and OWBia of interest there was a marking up of call loans to clo«iag prices of railway and miacellanoous stocks at the ttoek broken, which put the rates occasionally to 3 and 9 New York Stock Exchange durini{ the mouths of psr eeat Hay and June. . . 8 THE CHRONICLE. [Vol. XLin. . Ifay. -June.- BAaOl or tTOCB* )• MAT AMD JCIII. Ctoting Low Hiiili- Closing Low- High- Olotffr J/Oy . /HIM. Ctottng Lo»- High- Cloting Bigit- Otot'g EXPKEM.. Apr. 30. etI. tat. Jfoy. 29. est. etI. June30 '144 143 143 141 144 *141 Apr. »u. u(. «(. Hag 3i>. eti. June 30 Adams 148 1311 American •lOS 103% 108% 108% 106 110 '107 D0^ DniteU States -62 51 63 60 60 66 '63>t *120 120% 126 •124 125% 130 123 AUnnltT A 7H 7 B'4 7% Well«,FHr)fo&Co.... IOC* Coal and .Minino. SuTm.v - . •»7 08% 100 00 Amvilcan Coal Co... 25 25 39 39 "«"«% Cameron Coal 15 20 19% 17 21 1S«» iPwifle.... 61^ G-2% 65 '8 •>•*'« 61% "b7\ IS'b 44~8 Colorado Coal Iron 21 •23% 23 *34 kScMtbeni.... 37 31% 39% 3tlli 39 >i 42% A 22% 24% 25% >t Consdliilatlun Coal.. 19 20 >r FiUl* Jk Mlun. 12 14 OtatnU Iowa •15 13 17>* 17 19 17 Hometiliike Mliilug.. 20 20% 20% 20% 22 22 Otetrml of M. Jener. 47% 46 53 S2l>g 55°8 A4>4 Maryland Coal 10 11 11 11 13% Central Coal... 9 11 10% 11 14 OmlniewrtMc 41 t 40% 40 >4 43 41 New OhvloUa OuL * Aux 33 83 Ontario Silver MIn .. 20 29 29 SO AOhlo. 9 7 8% •Bi* 8 9% '6'* Pennsylvania Coal .. 260 202 Do l«t prcf. 14 13 16 IS"* U>9 17% 18 Quioksilrer Minlnir . 4% 5 pief. Do 2 there is no prospect of immediate change in this particular AmiU mmM A—U md tM quarter. Money may, and most probably will, harden towards % the autumn, but in the interim quietoeea in demand and ease a«LI>-Ooln. m M.HB.ISS Bolltsa.... in quotations may be calculated upon to predominate jvith MkAM.'ISt Total SOM. more or leas clearness. Yet the commercial outlook is rather Imi.itc.mi ai improving than otherwise, and were it not for the chaotic OactlBE^ ML )I4aM«*> 1«M4.tn Hbl condition into which home political affairs hare been plunged, MaiaoMtamwvT- tSilTtSLTM UMM.TW eiLm-DaOank •Uaa'iS iituaaMB we might look for some decided signs of an early and dis- t.STT.'WI BalUoa tinct bnprorement. The continued depreciation in the yalae ToUl tilTar (iiJH() 180.tMJW7 in |ttu«nj*)i iiikHajo of money cannot be traced to a growing contraction the tIMMiS •MIUIU Toluma of busineas, but may be accepted as illustrating the 0«*M«-*.a«t.(t4a»4.> popular opinion at present preTalent of the hazardous char- •Louvsn RM Mvw la U*.. acter ot speculation. On the Stock Elxchange, to be sure, for U..naua aa(M.....U 1»>^,C aome time past there has been a good deal of speculative life, bat operatioDs in stocks and shares are more easily conducted Mau. and closed than similar tranaactioos in produce, and it is in IIS.4S4 DapMlU la Nal. Baaka IB'~,l»4 the Mi't^ing and Mark Lane markets, as well as in the iron and Balaarra . fAaa^., M*.«4».S18 184,1U that the stagnation has been so painfully WvmAC Dnr axd 1st.— lataraM 4a«. anaald MMJH But whilst aome exhibition of speculation gives a ItaUmT!^ more cheerful tone to the markets, its partial exoluiiion is by t5M2af«acM no moena an unmitigated evlL Rampant speculation la lat. M raa.lktt> sajM STnonymona with heavily inflated prices, and the commercial AcrStaLTKiriiL b>ss i4iSfli fabric is placed in a more or leas unsound condition, which OaM aaS lat..(I.4aMMI«) Si.7tl.««l, may at any moment culmlnats in oollapie and widespread f>aWl nr'eT »<»«! MSI ^ iSH i'. a. k-wli 4 laL rara. *am.m diaaater. We shall therefore witness with favor a slow growth Iat.ak'ifa * aaapoo* »'« in boaineaa which it is to be hoped will set in in force when the eleotiona have been completed, and the current anticipa- Kac BaBk aotaaaa la r>»p>»- tieoa ot harvest realised. The position i« clearly becoming eaa of raSaay . (iltwti MWJSS tWUMMMS aoosder. Manufactured atocks of the various staples—omit- ting iron and steel—ere known to be down to a lo « ebb. The ooatracted state of tiM deaoand for gooda, and the uncertainty whether quotations had really grounded, compelled m»nttf«o- • a tuiento ke«-p their atoeks within the narrowest poasiMe Untits, and the meagreneaa of their purohawrs prevented any ei«,« reoovety in the value of the raw material. Bat now that symptoms of better trade are more pronounoed, it will he neoaaaary to replenish stocks, and the faot of this being done tttaMMs) (MM OXOLVSa *d (.lJM<) SiS will very quickly tell upon values. We have had an exam- Ifat. aMiT.(M ple of thia during the week in the way the Colonial wool sales alaac 9ll.M3.Alia opened. There waa a very large attendance, and biddings were particularly nt talaac«....(Aa were umnaUy keen. Continental buyers iMaaU aot avallaMa- eagvr, were also some free dealings on the part of Mlaaaaota «B.4M taiMOTe MaMarri m,t\t,m the iMme trade. The reaolt of the opening sale was an iet,«iM«!. JOkfilOM} •dvaace Tarying from 5 up to as much as 83 per oent, bring- ing Australasian wools up to about the same level as last year, and reducing the fall in Cape qualities, compared with that period, to 10 oeot. The rapid change which has BATES OF about per KXCHANUK AT LONDON AlTD ON LONDON come over the wool market may be repeated in other qutr- AT LATIBT DATES. tera if we can only sucoeed in keeping clear of political en- MKOaAMt»AfLOnO»-Jim* 17. MXCBAJraM Of LUMDOf. UngWnaanta. The eaae in the money market is as clearly defined as ever. The difficnlly experienced in finding employment for balancee •is-8«a has compelled the discount eatahliahments to further lower •la-- > giving ^""^ their ratce 4 per cent, and they are now X P^ of •«»«5 for money at call and 1 per cent if with 7 or 14 days Notice • 12771a withdrawal. There is an utter absence of life in the market. • I2 77>« no bor- •3S IS Dayto day loans can be bad at ^ to ^ per cent, but roweisare forthcoming, and the discount rate for three months' bills is only 1 per cent. In the Bank of England return there tS4 ZLin, 10 THE CHRONICLR [Vol. iilltimil whole time of tbe concession, Opm wrM nUt. tnUr—t constructed, and during the faritpotUtln namely 00 years. TVad* BUlM. Aint DiHfta'M' A prospectus has also appeared of the Costa Rica Railway sroek 'tt Company, formed to acquire the existing railways of Costa BOWU. " Rica, about »T miles in length, and to build new extensions. IH m and the present issue consists of ifvi« a IH The capital is £1,800,000, • IM «i;t IM £355,000 6 per cent tst mortgage debentures, the price being - » - Ik* - Ik* - « as 8 as « as m w iH« IM IH« -IS* -|>k* -• ••Xt •»><« •*« IX 92J^ per cent. 1 1 n According to Stubbs' Weekly Gazette the number of fail- 1 18 ^ « _!,,<» -;!»<»- 1M«»« IKWX IMIW N m ures in England and Wales gazetted during the week ending the position of the Bank of The followin*? return shows June 12 was 105, being an increase of 23 over last year. The diBCOunt, tlie price of consoto. the Engl*nd, the Bank rute of number of bills of sale registered was 282, or 10 more than and wheat, and the Bankers' prioe of middUng upland cotton last year. The total failures gazetted to date amount to 2,228, with the three previous qifmring Houw return, compired being 217 more than last year; and the number of bills of 7»«: registered was 5,536, being an increase of 251. In the grain trade there has been no feature of importance. UBt. IMS. 1884. issa £ The Whitsuntide holidays interfered with business somewhat Ohoalauoa. «x*iDaii« 74*r and ' « UM».OWI 2S.O3e.0IW K.oee.oTs during the earlier part of the week, and since then no display PabU«tep(Miu 8,001,004' rra^oas g.891.117 8,»U.9'12 of animation has been observed. Wheat has throughout sold M,88l,64a 23,788.883 28,870.481 OlMtt ttptmku. very slowly, but has not further receded in value. In fact, OoraniBWit MeorltlM 14,S8B,4aS 18,743,001 13,813,818 18,814.898 OUwrMmrUiw •o,Taa,8i8 31,lia.080< £1.«7S,S88 «B,88»,217 should there be a continuance of the present cold nights, it 15,8flO,&37 12,747.111 BmfTiot aoUaaotfooUi.. ii.74a,6aM 18,019,087 is not improbable that the trade may harden somewhat, par- Ooia and bnllloa 10,M1,83S 8S,0S»,7Ui 81.192,gi7 23.093,193 ticularly when proper attention is given to the crop reports »«Mrrt to IlKbimiw 991M P.C. ecwp.e iOa P.O. 41 P.O. Bwknt* Sp.e. 8p.e. 4 P.O. from Australia and India. However, for any improvement 101 1-lSd. S^d. amid. lOOXd. to occur in the value of wheat it will be necessary that some ^t"**' whaat, >T«nMtc price.. 81>. lid. SSa.SJ. S7«. Id. 429. OJ. speculative inquiry be inaugurated, and of this there are no MIMUivUpUnleottoa « 13-lM. 6 7-l«d. 5 IS-lOd. B 3-101. present signs. The statistical movements of the week are un- Ho-MmolatwIM em. fld. mi- 9«4. important. A decrease of over 1,000,000 bushels is reported OlaarUic-UonH r«tarn 118.118.000 110.138,000 118.179,000 133.202,004 in the American visible supply, and advices mention liberal American shipments; but the aggregate receipts into the rate of discount and open market rates at the ne Bank United Kingdom again exhibited a falling off, being only ehieC Continental citiee now and for the previous three weak i about one-half what they were for the corresponding week have been m follows: of last year. There is, however, hardly any sufficient statis- tical movement to exercise a quotable effect upon the market Juiw 17. June 8. XaySni. which is now almost exclusively influenced by the weather. Batmt The actual amount of business concluded during the week OpM Opm BBllli Op«l has been insignificant, the level of prices varying little, if at Market BaU. Uarktt. Mmrkl Uarlut BaU. all, from the previous week. 8 1 1 1 1« The following return shows the extent of the imports of B«tUa 3 IM 8 3 l>i cereal produce into the United Kingdom during the first Franlcfort.... 3 8X IM 3 1« < IH forty-one weeks of the season: Baabori.... 8 »H m 8 IX 8 l« IMPOKTS. Aautard&m. IH 19(1 2M U< »H 1885-6. 1884-5. 1883-4. 1882-3. BnuMU. 8 3 2>i 3 2« 3 2M Vbeat owt. 37,321,100 42,157,3.19 40,244.S66 52,316,181 Madrid 4 4 4 4 4 4 4 4 Barley S,961.558 14,193.020 12.814,022 14,109,162 4 3M 4 SH 4 8 4 Oats 8,183,368 9,960,542 9,310,119 11,804,947 St. Patanbait. 8 6 8 » 6 4M B Peas 1,586,178 1,615,725 1,469,756 1,763.673 Beans 2,514.677 2,6 15,95 S 2,101,251 2,233.230 Oopaaliagan. .. 8 8 3X 8)< 3H Indian com 22,898,257 20,899,513 20,760,711 16,683,122 Measra. Pixley & Abell write as follows on the state of the Plour 11,029,280 13,756,434 12,011,744 13,732,075 bullion market Supplies available for consumption in forty-one weeks Oold—A demand for Gemiaiiy (Inrin^ the past fnw dare hax absorbed (exclusive of stocks on September 1) aooie UDODDt of Rold In tb« open market, white the BauK of Kni,'lund 1885-86. 1884 85. 1883-84. 1882-83. baa reoelTed duriux the wf<-k £310,000, and £115,000 in Boven-igua Importsof wheat. cwt.37,321.400 42.157,339 40,2 14,866 52,316,181 baa bsen witbdrawn for Soatb America and Miilta. We have received Imports of flour 11,029,280 13,756,434 12,011,741 13,732,075 4110,000 from New York, £1S,000 from Wo.sl Indies. £iua,000 from SiJes of home-grown. .36,010,273 35,ll5,6J3 35,095,540 37,627,633 Bontb America, £10.030 from New Zealand, £10,000 from the East, M7,000 from AuntnUla: tutiil, £378,000. Total 84,390,958 91,029,406 87,3 52,150 103,675,889 BUver— with eonsidcruble arrivals at the beglaniiiK of the week—fell to 44''8d., at which rate a Continental order has malnutliied tbn market, The following statement shows the extent of the sales of tbe Indian banks. In view of ibe peraisteut efforts of the importers of home-grown wheat, barley and oats in the principal markets goods to obtain at Hanobeater cover low rates, refuslnK to operAte. The of England and Wales during the first forty-one weeks of the forward rat« for transfers Is now quoted Is Sd. for AoKUst payment. season, together Wo bave reoelved £5S.00D from Chili. £21.00) from West Indies, £5.000 with the average prices realized, com- tna Aiutralla, £2S.0OO from New York; total, £109,000. The P. & O. pared with the previous season : tMuuertakea £B5,00 t. «. t. s. d. 4. Converting quarters of wheat into cwts., the totals for the wfolCflas.. 8 OS. n Tt 9 BarillTSr oi. 44M 45 whole kingdom are estimated as follows: asaoM.aoiitalB'K BarsllTsr.oontaln- 1885-86. 1884-85. 1883-84. aedwta.aUTar.os. 77 10 TT 10 Inc B grk iald..oi. 48i< 4BM Wbeat owt. 36.040,278 35,115,693 35,095,510 .• .... Oaks sIlTsr oi. 4»« 48^ The following shows the quantities Mszloan doli...oi. 44k 44K of wheat, flour and maize on passage to the United Kingdom, Amongst the Bnancial items of the week, the Imperial Bank At present Last week. Laslyear. 1884. faiTitessnfaeoriptions for £70,000, being the unaUotted portion Vbeat qrs. 2,213,000 2,216,000 2,512.000 1,919.000 Flour.eqnaltoqrs 216,000 213,000 241,000 231,000 of £100,000 six per cent first mortgage bonds of the Caraquet Ualse iirs. 462,000 420,000 281,000 405,500 Bailway Company, New Brunswick, the price bf issue being Bnsllali PInanclal narHets-Per Oable. 98 per cent. The Union Bank of Australia will receive appli. The daily closing quotations for securities, Ac, at London are reported by cable oUions for £70,000 4>i per cent debentures of the corporation as follows for the week ending July 2 of the Borough of Invercargill, the minimum being 98 per 1 London. Sat. Jfon. Toes. Wed. Tkurt. Fri. oent, and the Capital and Counties Bank are receiving applica- I .S Jver, per oz ..d tions for £1,800,000 .'5 per 44^ 44!\i 4411, 441 lig^ 41°8 44% cent 1st mortgage bonds of £100 Oonsole for money 1013,1 101*18 1013 18 1013,8 I0is,6 1016,, of the for Mch Boyal Trans-African Railway Company, the price Oonsols aooount. . . 1013,, (1018,6 lOl^ia 101316 1015,8 10138 Pr'oh rentes (In Paris) tr 8317^ 8305 82-70 83'15 83-02% 83-00 0( iarae being per cent. This 81J< scheme, which is of Por- O. 8. 4>«8 0f 1891.... 114 114 114 llS'a 113% 11378 0.8. 4b of 1907 I28B9 tBBllMM 'irigin, proposes tbe construction and working of a 128% 128% 128% 128% 128% Oanadlan Paolflc 68 68 14 68 68% 6808 68'8 nilway in the Poitugneee colony of Angola in West Africa Ohio. Mil. &8t. Paul.... 93\ 95% 91'8 94 941S8 «5% •iTlff, oommon stook 2878 to a distance about 228 miles inland. The Portuguese 29 28% 28°g J>1% 30% Oov- (lUnols Central I42I4 142 142 142 U2 142% Pennsylvania 55I4 emment guarantees a net revenue up to 6 per cent per annum _ 55% 55 54% 55 .'>5% "HlladelphlaA Reading I33g 1338 12''8 12% 1208 12 on a coat of £7,110 per mile of each '8 section . of the raUway N July 3. 1886.] THE CHRONICLR ]1 00mmerctal and pi^iscellaneous lottos According to the above, the amount of legal tenders on deposit July 1 with the Treasurer of the United States to re- deem national bank notes was OOVEENMEST Revksue.—Through the courtesy of the Beo- $61,603,690. The iwrtion of tliis deposit made (1) by bonks becoming insolvent, (2) by banks retary of the Treasury, we are enabled to place before our goin^ into voluntary liquidation, and (3) by banks reducing or readers to-day the details of Oovenuneat receipts for the retiring their circulation, was as follows on the iirst of each of the last five month of Jiin(>. From prerious returns we obtain the mouths: tfiuvB for prerioos months, and in that manner complete the DepotUs IforeA 1. 1. bf~ Apnt j Ifay 1. June 1. July 1. taluiiiiiiil since the beginning of the flaool year for 1385-Sd and 188i-«5. « 1 » • $ • biaolvrat bks 7 Ttotal 5 1 .6 ^K.884 58.4 88. 178'58.220.043 61.253.614 61.603.69» -I- • Act o( Juna 30. 1874, and July 13. 1832. « I • I' »,047 «.T"- Matioxal Bajhes,—^The following national bank has lately 17 1.T04 «.!• i been organized: njm IO,MBj tfitK Si.9TI 8.023—Tlie Flrnt National Bank of Weeptne Water. Jfcb. Capital,. IT«« tUM uas' io.aM •50,000. CrnuM. Balrd.Pcealdont; JoUnUenderaon.Ca£liler> tsjsir SUVN SB.) IMFOBTB AHD BZFOKTB FOB THB Wbik.—The imports last I4.4SS una is,7Sf) of lt.l«» TjtM UHS, Mjieii. i4.a« week, compared with thoee of the preceding week, show an ts^n IMH »mi MjMSi taoreaeo in both dry goods and general merchandise. W.I1SI WM^Mumfl Iba total imports were f8.2&5,79t, against |:7,-330,102.che pre- AsrtI Man' MM tuSItt Kwl«sli •adiag week and f7,918.425 two weeks previous. The exports u.sas uji» Cor the week ended June 39 amounted to $7,1-33,006, against iaas ~ i'tja* i rorthawMk.. •«.241.1S0 , BMBt, kindly fomisbed oa by the Dirsettir of the Mint, shows .f?-9??'\?l. •4,915,587 7.122,006- 103.356.77S'"I li9.56I.438 153.500,201 S8,532,373 ttaootnageattheMmtaof the United States during the montJi of Joneandforthaiixinaaltaof IMS: ratal 35 • 169.5l»7.0ti3 9145 433.589 • 160.41.5,788 •145,054,37» The following table shows the exporta and imports of specie itonA •fJuu*, tsae U the port of New York fur the week ending June 20. anA since Jan. 1, 1886, and for the corresponding periods in 1886 and 1884: sroBTS Ajn> iitpoaTs or sracis at aaw tors. Wttk. 8tiM«/an.l Wmk. BlnttJtUi.1. inm,\ BritiOa . •504.000 •11,450.076 • 193,687 ftaaos 11.565.501 1.137.813 flerasDr 1,178,475 3,601.364 717.003 Vast ladles ^. 6,408,186 6,332 603,013 3O,70A. •ooa Amarioa 545.710 16,504 198.983 Uletkarooanttlss. 0,400 440,453 5H0 7,16T 'l88« 91.091,875 (33,011.100 •22.406 •2.762.959 1886 6,173,763 29,600 5.390.199 Total I8S4 ss.sbo 37,677.329 533,770 5,383,820- mimmr. ireat Bniala . •107.850 •0,087,047 franoa 195.777 iarmaa. 34.550 48 Wast lad las... 2.965 •3.368 7,838 472,783 34.074,710 88,5.5» Soatk Amartaa..... 3,i'(>6 67*241 28,147 339,335 l.t08 50,696 3,168 Cbawhm n LaoAi. Tbrdkbs a.<«d Natioral Baxk Xotm to All otbar eooatilas. July 1.—The ComptroUer of the Currettcy has furnwhed ns Total 1886. •115.083 •5.587,579 •35,985 •813.886 84.519 911.14» the foDowliig. shoiwing Total 1886. S44.023 8,348.071 the amoants of national bank aotea Total 1884. 201.155 6.735,362 64.316 1,961,614 inaa 1, togMher with the amoKots oatstanding Jul; 1. and Of tlie above imports for the week in 1886, f 13,330 wer» tiie increase or decrease daring the month; also the rhangea American gold coin and $4,130 American silver coin. Of the fai legal toddara held for the rertewpUoo of bank nuttM np to exports during the same time $0,-100 were American gold Joly I: omn and $8,300 American nickel coin. Dalted States -Mnh-Treaaary.—The following table show- the receipts and payments at the Sab-Treasury in this city, as •311.510^245 past ...k.... $^00,780 weUas the faalanoes in the same, for each day of the week : AMsaaa wUsst aartanJiia*. S,31».a74 2.81S^»4 Balaneu. i.U8«* f:iii«,i;9l.«M DaU. PaymenU. i.joir Coin. I Coin CerCt.' Ourrtncy. Aaoast oa depoon to radeoa Batlooai bank Jnne 20 1.276,26' T,.542 aelSSJimel,IM4 • July 3. 1886.] THE CHRONICLE. 13 par, selling i@l premium; Charleston, buying 1-10 premium, selling 3-ie@i premium ; Boston, 13i®15 premium; New Orleans, commercial, $1 premium, bank, $t 50 premium; St. Iiouis, 75 premium; Chicago, 40@50 premium. Coins.—The following are quotations in gold for various coins •ovBrelKns 84 87 •$4 00 silver Hsand 'a». — 90 •a item ia wortii, without having a general demoralization of Inttrttl June /mn« June July July ptioea throughout the whole list. Feriedt. 26. 29. aa. 80. 1. a. The railroad earnings reported this week are, in most caaes, 4>ta.lB01 .tT(t.Q-Mar. •1M> •111-'. HIT. •111% •111% •111% 4>as.ie91 ....ounp. J -Mar. •111% '\W'» •Ul^rt •111% •111% 111% favorable, and the trunk line roada show a decided gain over 4s. 1007 n-it. Q.-J»n. t2e>« •fJ«'» -12n>« •12« •IBft'g 12&^ Sa. 1007 coup. <2.-iaD. 137 »g 127 M 127M •127 Xl20 •l»A'^ laat year. This waa certainly to be expected, but on the other aiwapnoaUS. 101% •lom lom lom •xl00% •100^ hand it could not be expected that tbeae roads would im- aa.ear'er. "OS- .nt.J. A J. •126 •126 •126 •138 •126 •126 •s.enr'rr. -oe. .rtm.J. * J. •It8«» •128^ M28«8 •128 a* •12t»g •128»» •131>4 idfalaly Janp back to their position in 1888 or 1883 ; bosi- Os.eOT'rr. V7, .n«. J. * J •ism •131V.|«I31V| •lami •lam •a.tor'ejr. HO. .trg.J. * J. •1S3V •IS3%*13:l% •1S3%I •1S3% •183% liaa dull, MHa been exceedingly and the freight tonnage from 8a. ear-ry. "vo. .re«.J. A J. •l3a^ •1S«>>«,^186I«, •lSt)4i •13ti>« •136V4 Ctiicago eaatward during the past four montha has been near a * This la the pileaMd at the monlna board: no toi* was made. minimum. State and Railroad Boads.—State bonds have had only a Neither the flurry ia the eall loan market nor the export of moderate sale, as follows: |93,000 Virginia Os deferred at 0|- gold this week aeem to be regarded aa of much importance. It 10^; f 1-21, 000 do. tnut receipta at 9-|; $05,000 Tennessee ia generally believed that money on call will go back to the settlemrnt 8s at 73^-41; $3,000 do. compromise bonds at 70); $13,000 lyiulsiana consol 4s at 79); $40,000 do. ex interest at oM TMea of 1| tt > par Mat after the flrat few days of July, 7 CHEONICLK [Vol. XLIIL 14 THE JAN. 1880. ENDING JM^Y «» AND SINCE 1. MBW TORE STOCK BXOHINGE PRICES FOR WEM Bangesbioe Jan. 1, 1886. PBIOES. Bales HIOHBBT AKD LOWWT of tJie ThnndM^. Friday, Week, Highest. li onday. TimmUt, WedaMday. Sbares. Lowest. Jane 30. July X. July 2. JgiM so- June 28. June 89. 61 Feb. 17 68% Jan. 14 Aetlv* KB. M*«lM* 66% ee^g 67 67 67% 2,765 aeit «6>» «6'« 67 w-^66% 66^8— -, 66% •42'« 43 2,000 34% May 4 45% Feb. 17 laaPMtae 42% 42Hi i2'4 42% «2>« 42% Mar. •• 43 43i«' 'i-iH *a 64>-j 54% 16,055 42% Jan. 18 57>e 3 tSoaUwrn 64>4 MH' 54% M?« 54% 54% Feb. NrwJorMir U\ &«V B3''a 6*H 41»8 41 41% 41% 1,043 38 Mar. 24 44% 1 Btral ut 41\ 41% 41%, 41 41Hi '8 May 6 13% Jan. 8 tnl Pwiae. 42 42 41V *8% 9% 0% -8% 10 125 7 »>« •» 10 •8% 1 »« 13 Apr. 30 2118 Jan. 6 9^ I 1(1 16 1,276 ke A Ohio lOKi 10 1« 1608 16'8 1 Feb. 13 17 ie% 17 I 10>a .... SHiMay 11 15% IMprnt.. 17 I •10>« •10'2 12 10 la-*! *io|» 12 12 •11 13 U 18 J 182 138 May 17|145 June 18 Do Sdpraf... I 144% 114% 11H1S143»8 l,782il28% May 15 140 Jan. 5 OUcMoAAlMn..- • 134ii)135 135% ibViU 130 130 ^^, '-.'^l 134><1S4%' SaOg May 4 9638 Jan. 2 OMaaoo Boribigtoii * Q» I 92% »338 92% 93% 103,820 g Si's 02%,^ ttm IJ-Jia 300 110 'May 3 125 Mar. 3 OkiMColIUwaakeeAn. i '122 123 123 123 113% HO"* 114% 115% 72,100 104% May 4 11608.7une21 .n^ 1 Juno 22 ««g.*»-U-«r«~ >*HortkwMMni n... . ^ 141% 141% 111% 142% 235 135 Jan. 18 42% i;^. li^ >{if V|Jl^ 328 120% May 14 131 Feb. 17 111 •124>s '124% 125% 125% I 12fti4 125 rMn^dMktidmndAPaSflk 125% 12^ "11% 12 9% Mar. 24 1 15% Jan. 5 i2%| :ii% 12. sags:tsr2-«*.£3:! -^ - , :ii% •28 30%, 26% Mar. 24 35% Jan. 5 17,250 35% Mar. 24, 50% June 18 , 47% 47% 46>e 46% 46%,„^ 48.„ June xllO%Ul's 111% 112% 111% Ill's 3,135 97 .Mar 24 110 18 54 54%l 2,502 43% Mar. 24 00 Jan. 2 — *~-- 54'9 54% Si's 53% 63 54 •-'liump. rti\ r>5'4 54 64 - - ' 26'8May 3, 38% Feb. 17 I 82% 32%| 32% 32%: 3.880 129% 130% 129,000 115 Jan. 19 135% Feb. 13 4' 28% June 23 20% 26% 2ti% -IS 27% 27% 3,935 21% May '2?'iMrS26% >r 6 6% 22,823 4% Jnnc 25 •r's June 29 ^m'M^ -i'i -it5% 5''8 6'8 6% 5% 0% S-'b 6% * 0»., ass. | 5 11% June 241 14% June 29 iTrmi. Va. pj. 5^ 14^8 14 14% 14% 14% 14 14% 24,520 |>i«f.. axa pd J llTl 13% 13% 14% 14 67%.Ian. 29l 88 June 18 I)o •86% •85 87 86% 87 500 Eranavlllr 4 T,-rr« Haute.... •89% 87% 85% 87 87 15 May 41 25% Feb. 1 'IS 21 17 32 rort Worth AUenverCntT..... 11% •10% 11% 8 Jan. 10 13% Apr. 19 WlBonaABt. Paul.' *10% 11% 10% 11% 10% •32 25 Mar. 23l 30 Jan. 6 ereeoBar '32 85 35 Texas Geatral j*;-.-/-,- 36 136 4 143% Feb. 9 RouMB* ,15, •138% 139% 140 140 139% 139% 139% 139% 735 May nUiiala Oantzal ' 130% 139% 17% 18% 24,720 17% July 2 28% Jan. 5 32% 23% 22% 22% 21's 22% 20 21% 18% 20% UdlaoaBlaainliiatliAWesfD 12% 11% 11% 12 12 930 8% Mar. 24; 18% Jan. 5 Uke Kite* Waatem...... 12% 12% •11% 12% 11% 73,722 76% -May 3 90% Feb. 9 Hb 83% 84^8 83% 84% 84% 85% 84% 85% LakaSboraAlfleb-Soatlieni. 84% 85% 84% 97% 97% 1,730 80 Jan. 20 100 Juno 21 «8'» OS's •88 99 97% 97% 97 98 LoBcIalaod 43% 41% 42% 41 42% 41% 42 52,660 33% May 3 457(1 Jan. 4 iMbTtlleA KaahrUle 42% 42% 42% 43% 41% 2,985 32 Mar. 25 49:'4 July 2 44 44 44 4-1 44% 45 45% 49% UMta.I(awAlb.*OUeaco... 44 44 127% 127% 2,422:120 Jan. 2 129% June 8 188 128% 128 128% 128 128% 127% 127% »127% 128% Maaknnnr EleTaU!d.ooiMol.. 35 40 37% 38% 1,952| 29 May 19| 40 June 23 MaanUsAObariestoD 38 38 38 88 37% 37% Jan. 2 73 73% 73 73 •72% 74 1,000 61% May 4! 76% lIMdinB Osotral 73 73 300 22 Jan. 29 71% June 3 68 68 ' 68% •67 .... 67 67 KU. Lake 8bon ^k West. *67 69 1,650 50% Jan. 18 95 .Tune 10 *92 92% 92% 92% 92% 90 91% 89% 90 90% 92 Do pr«f. 93 •20% 21% 21% 310 16% Mar. 24, 23 June 9 iaaBeapoUsASt.Loal8 "21% 21% 21 21 21 21 •20% 21 21% •46 45% 46% 46% 450 40%.Mar. 24' 51% Jan. 4 Do pr«X. *46% 47% 46 46 47 45% 2 31% 29% 30% 30 30% 30% 31 26,602_, 21 May 3 32% Jan. mssoorl Kaanaa & Texas 31 31% 30% 31% 30% Mar. 24 114% Jan. 11 lOe'aloeTg 106% 107% 107 107% 106 107 106% 107% 107 108 1,062 100% lfaaM>ari Paotflo •14 •14 16 200 11 May 22 17 Jan. 5 MoblleAOblo 15 15 •14% 16 13% 13% 14 14 Id 55 56% 56% 57% 55 50 55% 56% 50% 57 16,900 43% Apr. 29 57% June 29 Haabv.CbattaDOOcaABt.Ixtula 54% 56 May 4 108 June 19 Hudson. 106% 107 106% 106% 106% 106% (105% 106% 105% 106% 105% 106% 22,074 98% Bow York Central* 860 4% Mar. 24| 10 Jan. 5 St. Louis... 8% 8% *8% 8% 8% 8% 8% 8% 8% 8% 8% 8% Hew York Cblo.* 11 4; 23 Jan. 5 81 21 •19 21 20 20 21% 21% •20% 21 420 Mav I>o prat. 63,115 22% May 3 29% July 2 Mew York Lake Erie AWest'D. 88 28% 28% 28% 27% 28% 27% 28% 28% 29% 29% 29% 61% 62% 63% 67 68 5,511 50% Jan. 18 68 July 2 Do vnt. 62% 62% 61% 62 61% 61% 61% 28 41 40% 40% 40 40% 39% 40% 40 40% 40% 4078 15,490 30% Mar. 24 43% Jan. Hew York AKewEn^and.... 40 15- 3 21% Jan. 4 Ontario AWestern. *19% 20 19% 19% •19 19% 19 19% 19% 19% 19% 19% 840 May Hew York 6 Feb. 1 8% Jan. 2 Hew YorkSnsq.AWestera... 6% 6% 6% 67g 6% 6% 0% 6% 6% 6% 6% 6% 850 *21 20% 20% 20 20% 20 20 •19% 21 20 20 1,530 17% Jan. 25 24 Feb. 9 Do pref. 21% 25 15% July 2 Hortoik* 12 12 12% 12% 12% 12% 12% 12% 12% 14% 14% 15% 15,303 8 Mar. Westam Jan. 251 July 2 prof 33^8 34% 34% 35% 35% 36% 35% 37 37% 38% 37% 38% 24,163 25 38% Do 4,330 22 May 4 29 Jan. 2 Hottbem Paelflo 27% 27% 27% 27% 27 27% 20'e 27 27 27% 27% 27% Mar. 271 6178 .Tan. 2 Do prof .59% 60% 59% 60% 59 59% 59% 59% 59% 59% 59% 60% 17,574 53% May 3, 26% Mar. 5 Ohio A Mississippi 23% 23% 22^8 23%; 23% 23% 22% 2278 22% 23% 23% 23% 2,750 19% 15% 15% 100 13% Mar. 24i 19 .Tan. 4 OhloBontbem June 21 Oregon Traii»<'ontloental .-13% 34% 33% 34% 33% 34% 33% 33% 32% 33% 33% 33% 32,920 25 Mar. 24 35% A Mar. 24' 25 Apr. 12 OreatorETansTUle.... 23% 23% 22% 23% 23 23% 221.J 22% 23 23% 23 23% 4,270 16 Peorta 31 Mar. 8 Fhlladalpbla A BeadiiMr 26% 26 25% 25% 24 25% 23% 21% 24% 24% 24% 25 25,910 18% Feb. 5i BkilUBuad A Danville 138 141 146 148% 149% 1411%, 150 150 '149 150 2,723 75 Mar. i;i.30 July 1 BMuu'd A West P'ntTermlnal 30 32 31% 32%| 31 32% 31% 32%i 31% 32% 32 32% 25,062 27% Apr. 6' 38 Feb. 2 BoebesterA Pltttlmr* •4% 5 •4% 5 4% 4% "4% 5 •4% 5 100 3% Jan. 16| 5 Feb. 15 176 25 Jan. 18 77 July 1 Watertown A Oiraensb'g 75 75 •73 75 75 75 75 75 i 75% 77 Bome June 21 •t. Louis ASan Pranotaco 24% 24% •24 .... 24 24 •23% 24% 23% 23% 24% 24% 700 17 May 5; 20% Do pref 50% 50%l 48% 49%{ 48% 40% 47% 48 48% 48»8 49 49% 4,025 37% May 5 51%.Tune 21 Do 1st pref 112 112 *110 112 ,«110%112 •110 112 111 Ill's 111% 111% 800 97 May 5 113 June 21 67 Apr. 12 at. Paul A Doloth M 58%' 56% 56%' 56 56 50% 56% •56% 60 59 59 1,009 37 Jan. 18 Do praf 110% 110% '109% 109 109 109% 110 109% 109%! 108 108 125 99% Jan. 26 114 June 16 "115 7451106% Jan. 10 11878 Feb. 25 Bt. Paul Mlnneap. A Manitoba. 110% 110% 110 110 110 110 , 115% 115% 110 i"115%116 00, J ..o,. .,.„ 39ig 17', Buathem Piietltc Co 38 39% 38 38% *38 38% 38% 387* 3g7g 3g^ 391^ 2,100 30% Mar. 41% Apr. 24 Tisaa A PaoUe 10% 11 lO's 11 11 11% 10% 11 10% Wa 10% 11 4,940 7% Apr. 30, 145eTan. 2 nnlonPaollle 50% 57% 56% .J0% 65% 50%; 54% 5579 55% 50% 55% 56% 48,757 44% Mar. 24 58% June 21 Wab. 8t. L AP.. P.Com.rcpts, 18% 19% 18% 18% 17% 18 1678 17% 17% 17% 1779 1778 5,069 12 May 141 20% June 23 Do nref 80% 81 30% 31 29% 30% 29% 29% 30 30% 30% 30% 5,024 23% May 20i 32 June 23 Stocks. lacollaneona I ColorailoCuaiA Iron 25 25 24% 24% 2478 2478 24% 24% 21% 24% eoo 21 May 4' 27% Mar. 12 OansoUdatedtlss Co 73% 78% 77% 78 78 78 78% 78% 78% 80% 79% 80% 12,400 747»Juue 3 111 Feb. 8 DslavaN A Hudson Canal 100% 101. 100% 100% 98% 100% 98% 99% 99% 99% 99 99% 10,992 87% .Ian. 18 108% Feb. 13 OreMoo InproireBaeat C4>. 20 20 ' 20 20 110 16 June 8 31% Mar. 6 Oreiion Baflway A Mar. Oo 107 107% 107% 108 107% 108% 107% 108 107% 108% 108 108% 5,405 93 May 4 109% June 18 PaeincMail 64% .'>4% 54% 54% 53% 64%; 52% 54% 54% 55% 54% 54% 21,495 49 Feb. 23 07 Jan. 2 PalUnaa Palace OarOo 135 135 134% 130 •136 130 135 136 135% 136% "135% 136% 241 128 May 3;l3778Feb. 9 Wastaro raian Telesraph.... 64% 65% 637e 64% 63% 64% 63% 64% 64% 65% 65% 66 64,759 60% June 9 7578 Jan. 9 Kxpraaa Stocks. 140 143 142 142 •141 143 141 143 '140 143 •140 143 200 141 June 1 1.50 Feb. 12 106 110 107 107 1*107 109 107 109 107 109 "107 109 25 101% Jan. 28 110 June United States 65 65 64 64%'' 65 65 "33% 65 63 65 64 64 91 51 May 15 66 Feb. 26 Wslla,ranR>AOo 127% 130 •127% 130 •127 130 128 128 '122 126 123 123 56 119 Mar. 20 130 June 22 AttontteA PaolBo •7% 8% .•7% 77g 7% 7% 7% 7%! 7% 7% •7% 8 670 7 May 4 9% Jan. 5 Baatoa A N.Y. Air Une, praf. •09% 100% •99% 100% 00% 100% •99% 100% *99%100% •99% 100% 96 Apr. 31101 Jan. 29 QMUrPalUtAMlnnesoU •13 IS •13 18 14 . 14 15 15 15 16 1,022: 11 Feb. 13 16 July 2 tatnl Inwa •17 18% 17 18% 17 17 100 13 Mar. 24l 22% Jan. 5 Claotnuatt Sand. A CleTelaod. 82 32 200 32 June 29i 35 Mar. 16 CtaMlnBMl Wash. A Balttm're. 3 3% 3% 3% 3% 1,425 2% June 10 4% June H Ho fttt. 6% 6'e •5% 6 5% 2,500 5 July 2 7% June 10 OeraUBd A Ptltobiir« 151% 151% 20 146% Jan. 11 152 Mar. 5 Dabaqao A Sloox niy 70 70 70% 70% 70 70 70 70 710 (iOi,- Aiir. 30 70% June 29 HaHan (230 Mar. 31 240 June 30 '09' 240 240 401213% nil Dels Ont , leased Una slock 98% 93% •08" 07% 97% "97% 98% 1101 93 Jan. 13 100% Feb. 26 Manhaiun BeaebCo 18 18 lOOl 17 Feb. 2 21% Mar. 6 MomsAKsorz 143 146 '142 146 144 144 143% 143% 45)132% Jan. 9144 June 18 Haw York New Haven A Bart. 205% 205% 206 206 30 204% Jan. 18 211 Mar. 3 • Short Uiie 88 28 28% S8% 28% 28% •28 725' 19% Mav 81 28% June 29 29% '0 I MlninsC^} •4% 5% •4% 6 •4% 6 "i 4% June 2; 8 Jan. 6 On i.r.f •33 24% 28 23 23 23 •20 25 260 20 May 17 25% Jan. 13 Rlrhinnnd* A(i, r 8 8% 8% 9% 9% 10% 1,600 2 Mny 3 10% July 2 Bt.L,Mi,s Alton A . 34 30 33 •30 84 30 30 •29 33 32% 32% 200 27 June 2 46 Feb. 3 I>o 80 ' 83 88 83 100 80 June 26 95 Feb. 16 OUraA Blsck RWer 121%181% 124% 124% 130 121 June 10 125 June 10 8* 10 10 18% 18% 1S% 18% 18% 18% 18% 18% 18% 19 2,448 9 Jan. 13 21 June 1 aiaksMlnloK..... 82 82 28 22 400 17 Mar. 13 23 Jan. 6 T'liin iweel'iol ,» Iron. 43% 48 42% 42% 500 38 Mar 25 50 Mar. 1 PennxylTaiita Coal ,. 260 June 21 202 June 18 • Xkese are the prices bid and aaked; no sale w;aa made at tbe Board. i Lower price Is ex^dlrldcnd. ' . July 3, 188&] THE CHRONICLE. 15 BlILKOAO EARNINGS. ^?.^. '^••'^ 9'*y Bmnks.—The following statement Bhowe th* oondibon of the Asaooiated UH$at MariUmft Sip tirtil Jan. 1 to Littt Datt. Banks of New York City for tba BOADS, week ending June 26, 1886: Atak.T.*0.F. AptO. AjnU. BiK. * Potoouu! Mkr. , BaSJf.Y.A Phil. 3d wk J'at BoK BoctkAPItt 3<1 wk J'Dc BarXM-B-AXo. ad wk J-nr CtaadhuiPMilflc 3dwk J-Bc CMUna Iowa... UwkJ'ne 1 PwstOe. Mwah wAOblo. Aprfl ^AB^. April ChM.aAe.W. April OhieMB * Alton 3 i-tA-XwUMLU. 3d wk J'M LeitfaT.ANaakr. 3d wk J-aa LaalarJI.O. AT April. Malaa Cnrtral Upnl. |Iar.BaodtA O M wk J>ae .AOkarte*.. April I rent*!. 34l wk J li?AOI«o_ 'mSJ- \ 9 II. i.i..Kn««w. • I • Mar 7,0X0,500 SHI,.180,679 _w,T.Hk*o.n«ar.. 7,Mie,iuo 9si.na.oxi .T.AWawBW. Mar M».T.O«I.Alr 3d%kJ 7|»74,IUO tf3B,«4S,411 l.TAMO-AWtaljlfar .. 7.S1«,^00 Sf<0,He4,9Sl jrorJaOAWoM 3wk«J T,8in,»ou s«3.oa7.«47 BotMMnOwl'I Mar... >7,800 7,01 1.400 SI «,S&0,M1 artkMaPMUk- ,__.901.(IOO 7.88M,»00 507,434,668 Mar... i>S7USS.10O 7.d«1.100 6.14.147.SSO 7 H.\.s lim S25.47H.414 "01 sii.sas OngM taa. Co. April . . •i',.>uo. HIlla« to I IM Ike B«w l«Mt THE CHRONICLK [Voii. XUII. forealjrjal; " oons.." I U !»«w Tor* »«p«»»o» fftCOBITIES. Bid. Ask. 8K0DBITIM. Bid. "CITT BOWD*. Bid. A*k. ClTT tJIRTSS BTATW 121 121 100 106 U)ul8TlUe, Ky.—78, long dates. Var.j ..Varl lOS 114 BONOS. Allegheny, JK' 100 105 78, short dates VNITKD UTATBa ooup..^'^-^ffe,'«**^••1885-1901 V»r. 111 112 4>*s. 102 104 68, long .Var.l ooap.. 1901.. .Var.l 100 100 >• 4», 1913.JAJ§ia,Vi*iii 100 101 6«, short Alieghony Oo., ."Sn. op.. ..MAN 104 105^ 100 101 58.1890-1900 . , loan. S-10« „^„, 112 xSS's 126 4*, riot 100 101 Lowell, Mass.-6e, 1890, ^T. L.M&NI 111% do 10-20» • 112 114 100% ..X.. ia. 101 103 Lynchburg, Va.—68. J & J 10-208 12,"^ IM fill. do ...J A J 5-20«, 1891-1906 102 103 8a re«....J*J IS8H 2!; refunded, Mass.—68, 1887...... FAAI 102>6 io2>i iS Oamoor, ie»e 7» 114 Hnn, 119>« 120 CurT«oey. 1897 re«....J*J AtUuit»,Q».— 113 ITttterloan, 68,1894... JAJ S Do. 8« JAJ 1211*123 0a, Cumner. X808 re«....J*J 114 Water loan, 6s, 1896... ran ,.JAJ 186 <« 58,1905 ...M&NI 119 121 aa, Cumaey. IBM A5SSllirMi!^;i887,mii.:FAA^ lOO"* 100 >«j 106 virion. 107 Maoon, Qa.—78 ;;•„•; ••-vv:v. BBCVRITIBk., An?U«U,0»-7«.... 115 Manchester, N.H.-68, 1894.. ..JAJI 118>s|ll9 TATB Toxaa—10a, lio' 1130 Ola« "A," 3 to 5, ItKM 103 103>s Aiutln. 68,1902 JAJ 128 Alatan»— _ 0U«i"B."&«,llM6 103 Baltimore— , 109 109>« 101>s 103 103 6e.ooniiol.,1890...... -.- Q-J 92 OUM-C," 4». 1906 lOK>a Memphie.fen.—Tax.iSist.ShcrbyCo) 108 6a! Bait. A O. loan, 1890 ^i-J 100 •a, 10-20, 1900 J * J 108 >s MUwaukee, Wi8.-58, 1891... J A D 6e, Park. 1890 ...Q-M Art»BtM-6^ fuodMl. 1899 ..J • 118' -^ 1912 FAA 120 5s, 1894, gold PAA 110 111 5a, 1904, W. L J&JI 1?2 123 ^ Tai'd—Oii,'l893^4.' ooiip. .J AJ 5», 1909 FAAI 119 121 San Franciaoo— 78, school Var 112 11614 iCarollDa—6*. Act of Marekl 5>f Fltohbarg, Mass.—6s. 91,W.L. .JAJI 111 112 69, park impr. of 1372 l(aB-rundable,1888..i OalTeston.Tex.—8s,1893-1909.MAS 103 105 Savannah funded 58. consols 100 102 •• 58,1920 JAD 94 91 Somervilie, Maaa.—5s. 1895. .AAOI 1101* nil* 121 , anfauded Hartford, Ct.—City 68, var. dates. .t| 105 115 58. 1905 A&OI 120 70'« I bonda. 3-44-6*. 1912 Capitol, uutaz. Oa <|124 125 Sprlngtleld, Mas«.—6a, 1905.. AAOI 133 135 ^. 6S.19IS 103 Hartford Town 41*8, untax ) 102 10 7a, 1903, water loan A&OI at. 5*. 1013 Haverhill, .Maa*.—Ob. 1889... AAO< 10H>* 107 1* Toledo, O.—7-30a, RR. , 1900 . M A N inwi»j,.aa, 1013 73 73% Hobokeu, N. J.—5*, long 112 114 89, 139a-94 Var.l 1221* 123 >a pHlMi^~at, IBM..*.. .«••.••.. .MAfll 113 114 6s. long 115 118 Waahlngton, D.C.—S« Dlat. of CoU 7I, g JtTLY 3. 188«. THE CHRONICLE 17 OE-VKRAL QU0TATI0X3 OP STOCKS AND BONDS—Co.vtixitbd. Par Bxplaaatlooa S«« lfot«a at HeaA •! FIrat Paxa sf Qaotallons. RuutOAD Boiroa. Bid. Aak. RAiutoAD Boiroa. Bid. Kailsoad Bouds. Bid. Ask. Rbaa. 0.-«wl«a A. 1908 UtO lOS On- Rloh. I Aten-TopA 8.F«»-l«t.7M.,'»«.J*J;;i|7}l * A F. W.—lat, 7s, m. . .JAD 115% •i2a^« Land/trant, 7ii. K', 19(M.....A*0 2««t 6a. g.. wet. B, Int. iW MAX $70 Otn. aaad-ky A CL-<3a. 19W..PAA ll>2% 103 • 100 109% Int. def.. SO 7s, BIdUbk fnnil, 6^ 1911 JAO 6a.eamaer, 1918..J&J 1887,ast MAS ) 123 101V|105 eoanBtaed?*. IWW .JAJAA&0 I1S3 6a. 1911 AAO. 98 99 Oocaol. mort.. 7a. 1890 JiD 107 >« Sa, 1909 (lit mart.) AAO^IIOJ Okca.O. 4taw.-M. S.6«, 1911. FAA 98 an.A8p.—7S.C.C.C.4 t., 1901. AAO 118 98« ll4>a MM) Cheshire—6«. 7a. guar., US.* M.S.. 1901 . . A.I1O 119 AtJClta1990.. AoO 11014103 0U«. A Alton-lat M., 7s, 93..J&J 12J an.Wasli.AB.— lat.«u.4>a9.6s»A>i 104% 105 Wkane»t» Kl Doedo, 1«L7«. AAO Ul» .. Starting mort..6a.r> 1903..JAJ :ll5 127 2d nioK..3s, 1931 JAJ ea 6S% fcaT»fU>»*W.. IM M..7*^JAJ nn't 129 Bda. Kan. C. Una,6a.«..19a3.MAN 123 3d Mort.. sold. 3s-ls. 1931. 3i 119 .PAA 35% *i> iBoomeTi.AAO »118 Mlaa.IUr.BtKUm. Iat.^f..6a.l912 104 loeomsSs. 1931 17\ 18% JiK.«ao.PM..l(t.7k.l90e AAO 1184 128 •# Loala^ A UdS., Ut. 7*. IMOFAA 120 Soloto A Hook. V, lat. 7S....UAM 100 ^' ri(B*A "^ <-'.7«.K..i»(n 1 1901* 128>l do 2d.7a. 1900 HAM Bait. Short U. Ist, 7s. 1900. .JAJ 117 I. 1 < \ 109 Am. Ilk.A !•. oat. 8a,1891 . JA Okla. A W. MIeta. 5a, 19il. ..JAD t01%!|0< rkmriria IlKlflo-lst. 6a, 1922. JAJ Ci*.A irittaa»rqMLIaa.,'9«,MAN (Ha. Haaa. A Dajrt.—CbnaoLSa AAO till 112 2(1 riiort 30% 134 Oaatel. mort.. 7a, 1905 AA') Ii7% Uu I Ur.Kai>. A lad.— lat. I.K., «'d, 7*, g. 1116 do 6a. 1903 AAO 11^0 121 ; latM.,7a,l.«.,irulil,nut<0iiu-.AA0 CMt. rae.-Iii«,8a,MM,'iM8.J4 Ola. B. A t.. Ut M., 7s. 1908JAJ )114 114%' Bxlaodcrant. lat7a,'W9 lUO 8. Joaqaln. Ut > Baatem-lat. 7a. 1898 . 37% Cimanl 5«, 1924 MAS 80% 82% M!!C«.180aAA< Ota. A JAJ "28' GU. A Or«8M. laCda^.'SaJAJ lUi >t 9daMrt.,7s, 1900 Or.B'yW.ASt.P.— Ut,0«,lUll.K.AA lOS 107 104 |i 33 89% _^ do s«M8Br4kl8M I OMHal.,nU.6a,1912 6 16 Zd, locoraea. 1911 OatAOr. CLP.ba«to.8v^8 JAJ •Ill IIJ Ola. L at. U A Chlo.-Oon. aa, 1930 1105 110 !uulf r Maart.,7a ' II. Niirtlieni.-lat.6a.cold,l9i0.i 33 40 Wast. DIt., 1st, 7s, K., iHUl .. lAJ 103% C>aa.».OM»-rar.»aii»TM..l.')P'). 1'^%...... Un.Bleh. AChlc—lat.7s.'99.JAJllll5%' M WaooA W. W..lst.7s.if..l90<.JAJ oS« r alaa pajra aoonMd latanat. 1 la Londoa. i Ooiipoa „JA. ' .. J T \JXJ0 ^* *J***> UHitUXMi^ijiu. I 18 THJs OBNKRAL QU()TATI0>I3 OP STOCKS AND BOMDS-Oont.nced. P««« of qaofHon.. r«r .pta.Mtoa* jf. Not., .t «»ad of Fir.* Bid. Ask. Bid. Ask. Bailboad Bonds. BUL Ask. Railroad Boiros. BAII.*OAt> BOXM. 6i« N.Y. Pa. A Ohio.—3d mort. Ino j4ifl Meroph.A Cliarl.-la^7;, 1916JAJ 125 88 Ti». on.- (Oonl d)- 124 Leased L. rental truat,pordeb. 4s 186 BOMUiD * 84 mort., 78, extended JAJ 52 Oau.iaort..»>. 1913 A*o 88 89>fl 117 120 West. ext. eertifs, 88, 1876..JAJ 148 68 lit conaol. 78. Isp-i-joiVit^ do 78, guar. Erie 148 52 Om. imin. a*. lt>21 A&O Hen. 78.1915 JAJ 126 do ii'i' 1st, oon8..Tenn. N.Y.Prov.AB'n—Gen.78. 1899.J AJ But. A Br.Top-Ut. 7», OO.AAO 1924 101»B i'diJis FAA ll«>a Oold.6e. v-iVAi-iri S.Y. Phil. Nor.-l8t, 1923 ..JAJj iii" II4I3 M«ort.,7.,«..lW>a HeT.-lat, 6a, 1908. JAJ 118 119 A AAO 98 osy Motrap'n 112>4 Income, 68, 1933 AAO 62 <« 64 0aBa.MM7(&.189& 2d&.1899...... -...---, MAN 83 117 .JAJ 33>a 39 N.Y. Suaq. A W.- lat, 68, 1911.JAJ ^82 14 107 Mexican Cnt-lst. 78, 1911. }60 64i« 37 38 Debentures 68 1 897 FAA Healed 48, 1811 JAJ Ooldls'- J*J 100% 8>4 8\ Mldl'd of N. J.-lat,68,1910.AAO 1071a 112>« iBoomea - "i':'a ii)Ul...F&A 63 0* N. Y. Wood.A Rock , 2d inc. 1912. MUd JtiLT 8, 1888. J THE CHRONICLE. 19 GENERAL QQOTATKJNS OP STOCKS AND BONDS—Co>msuBD. Vor BzplaamUoaa 9e« Itotsa at Head of Plrat Pa«e or Qootatloa*. Baiuioxo Bovos. Railkoad Stocks. Bid. R.ULROAD STOCKS. Bid. Pl«».Ft.W 1 f l.l.> _l <, Unton Paeiao— Pontlnned— Oeatral Massachnsetu ..4.1001 -5% Sdowr' 138 CoUatcral Irnst, 5a. 1!M)7....JAD 94 do pref...lOO 23 mub. M vj Kaiu.Pae., iHt. 6a. 1895. ...FAA CeDtralof New Jersey 100 54% Pitt-'- • 76 do latM.,6B. 1896 JAD 112 Central Ohio. 50 ios" 114 For '. .;., liKMUAJ I 100 do Denv. Dlr.. 6a MAM do Pref 50 V .•.JB91..MAK 35 do latcons.M..6a.l»19MAN 107i« 107% Central PaeUo 100 41% Por 105 C>teKOo8llort-L.,6a.l923 .. PAA 107 107% Charlotte Col. A Ang 100 34 l! -59 J*J 8ft Utali Cen.—1st M.. aa, c.,1890 JAJ 90 95 Obaaapeake A Ohio, common ..100 9 Bt: 141 iV4' Utah Bo..Jan.. 7a, 18M JAJ 81>I 86% do 1st pref. ..100 16% 10% . 7s. 1930.J^U A eztaa(,7s.l»09JAJ 76% do 2dpref....l00 77 77H Udea A Bl'kB.—Mart.,7s. -gi.JAJ 109 Oheahlra, pref 100 9S M*» Var. A Maaa.—Oaar.Sa, 1003 MAM 112>s i'13'% Chlea«aA Alton .....100 143 •a A "- •'•0..1IAS IM Ywkab. A Mar.—Mew Ut mort. 90 Ohloafo A Atlantic - .. .._T. 115 51 T, a«a«ni J*J I 2d mort Chloa .^^ A*<' 10« Va.Mldluid-lst aar.,aa.l906.MAS 131 Chlea^o A Canada Soathem .. 2 I Wtv ic—li«.extJAJ 3d letlea, 6s, 18U MAS iVsii 180 Chleago A East ruinols 88 mmt,7- J*J Sd aerln*. 5-da, 1818 MAH 109 Chlea«o A Grand Trunk 6 Uek-iP'p. t '- ' Pnaa aaalaal ; m lata trauaactloM. • Pamhaaar als In London. ( •^ciotatluna psr share. 1 Coapon off I —. J. . —. . CHBONICLR [Vol. XLIIL 21» THE BOMDS-Comtinoicd. fiieVRRAL. OUOTAXIOMS OP STOCKS AMD Ask. MlSOELLAHEOCIi. Bid. Ask. Bid. Ask Mmocllaxeoub. Bid. Stocks- MUCBLLAITBOOI. JdpjMM* Pl'n.MasslOO 133 137 12\ STOCKS Jamaica UUcaABlarkRlT.lOO ISO TBL'PH Lawrence, Mass.-.IOO 140 142 MaM..I'*ea.e.lOO 136% 137 AND UO>DS. 100 193 19» Vl.A 4>« Ami'r. Ulst. IVl... 100 41 ;I.oweli Meridlaa 8>1 Mass., G.L..100 102% 10« kl... Tiekato. A Aiucrloan Tol. A Cable 65 6:» Lynn, Mrxi do pref 7 Melrose. ..100 104 105 l.r«l 10 Aiueriean Rapid bonds 21 23 |>lal(l. A 18 ..100 130 13A 0blo.... TlrRlnlaMldUDa... Paciflo st'k 45 65 Newton & Wat'n 4 roro.cert 17>« 17% AUauUo A 101 105 I VaKvb Piir. 3 Salem. Muss 100 do rra(. 100 30 30% Bank's A MercU'ts. 100 2% Hi 113 Oat. ...100 72>« 74 do Pref. mortgage 8 iBrooklyn. L. 1 25 SlctaU>a War»'D(HJ.).r«'d,7.50 1st Brooklyn. 20 70 75 idUaAotMrwJemy SO Rfoelvers' certs 80 Citizens', «reatcb.A PlilU.,pf.50| -..-• Metropolitan, U'klyu. 87 91 Ma. l^ake 8. A W .100 M 57 Oenoral mortirage... 5 5% , VaatJrrMT 50,4 25 ISassau, Brooklyn ..2f> 115 122 do praf.lOO »7 48 Baltimore PnaaaaialBal! no Mo t Parohaaer also pays aooruad latoresl. t In LoadoiL i ()uotation per share. . JCLT 3, 18M.I THE CHRONICLE. 21 OEXERAL QUOTATIONS OF STOCKS A.VD BOXDS—Concluded. Wor 8 IfnOKO Stocks. Baitk Stocks. Btd. Ask. BaKK Stocks. Bi.l. Aak. iNgDKAKCB STOCKS. Bid. r. B. Mrriuo Co ..im lepuMlo lOCI 13d no I Eaat River in Boeton 100 140 I4» i FUnt Mlll« iK. K.) I'M lerere _ lo<. li7 lv:8 I Eleventh Ward 2f> Bnylaton 100 97 100 "•-• »-" '^ PmnlillniMp.).... 100 Coeklui) loii, 135 i;i4 •'onal 100 lo.no '"' s Hoiuo...lO< 91 93 ai'br Y.MllU(F.U.II«M' leeond Nat 100 l.M .:iuiial...l00 131 10(> 127 130 Or»nin>(FK.» ...lorn •••arttT. i(K)| 180 30 .« 100 180 ' 195 Oreat Fkll«(N. H.)100 rnt 100 I'^OH 1^1 le 100 ;500 jiiuiiiiaotnrers'. ..100 3&>9 36 Bamilton (Ma««.) 1000 . I.£iillicr 100 lom 11/3 - itlouaJ ...V) •.too Uass.Mntoal 100 1112 115 Bartf. t'Mri-'t .<'r ii.» 100 136 '.2av 10< ;150 Mervanttle F. A M.IOO 131 133 Bill (Me uii [Vol, XLlir. 22 THE CHRONICLE. deprepsion in business which has so generally prevailed I^niiestmettt throuRhout the country. As there was no regular line of Considerable AMD boats, freight cars were not fully employed. effort has been made to obtain a line of boats to ply between %nHvo%a l«teHiB«ttcc, Ogdensburg and Lake Michigan ports, and such a line has been secured by charter, six boats being used. Three other boats are also mentioned which it is thought can be obtained oompUU exhibit of Tba brmroRS'SvrnJDiKirr eontattu a at a fair rate. These boats will make a most excellent line in D. Company. tki Fumdtd I>*ht of BtaU* and Vities and of the Stocks and connection with those belonging to the D. D. published The company now pays 145,000 for the season's charter of the Bamdt qf Railroad* and other Companies. It is Detroit boats, and if it concludes to buy, the charter money is the hut Saturday every other month-^lz., February •» of to api)Iy on the purchase. The report strongly recommends dprU, June, Auffu*t^ October and December, and is fur, the propriety of such purchase. Rates of transportation are with last year, mUud withmU taotra charge to all regular subscribers of the stated as being much improved as compared are looked for in consequence. OtaonoLi, Xxtra copies are sold to subscribers of the and much improved results The report states that much of the property has been largely each, and to others than subscribers OBKUOClb at SO cents improved, some 400 tons of steel rails having been added and mt |1 per eopy. also more than 60,000 ties, against 27,000 the preceding year. ANNUAL REPORTS. GENERAL INVESTMENT NEWS. ChleafO k Western Indiana. Boston Albany.—At Boston, July 1, 1886, a rescript was (For the year ending December 81, 1886.) & sent down by the full Bench of the Supreme Court dismissing, organized June 6, 1879, and was opened The company was with costs, the information filed by the Attorney-General January 28, 1883, a consolida- for traftic in May, 1880. Upon against the Boston & Albany Railroad Company to obtain a South Chicago Western Indiana tion was effected with the & decree annulling and cancelling the issue of 17,588 shares Belt Railway Company, under the name of the Cbicaifo & of its stock from the 24,115 shares which were bought of Indiana Railroad Company. WMt«m the Commonwealth by it at $160 a share, and which have been Station at Chicago, referred to in last TIm new Dearborn distributed among the stockholders in proportion to their completed during this year and opened for busi- nport, wM holdings; and also to restrain the issue and distribution of the 18. The train sheds were also completed in October. acM May remaining 6,527 shares. The decision of the Court is that the only other construction work for the j'ear worthy of note THie company might lawfully divide among its stockholders the that upon the viaduct over the trades of the Chicago & ii shares purchased from the Commonwealth. Korthweat«rn Railway. The contracts for finishing this The gross and net earnings for May strnctore baTe been let and the worlc is to l>e done early Canadian Pacific.— as follows : in 1886. and for five months were . . 31.-— This company had last year 183 miles and 5,086 feet of road, May. Jan. 1 to May -> 1886. 1885. 1888. 1885. were leased to the Belt Railway fifty-one miles of which Gross eaminKB $807,296 $612,587 $3,264,419 $2,617,965 Com^maj of Chicago. Operating expenses 498,196 386,482 2,347,254 1,787,048 IMCOME ACGOO-T. Dr. Cr. Neteamlngs.... $309,100 $226,105 $917,165 $830,917 Interest charges $532,320 Bantal* from Icmcm 9634,120 heavy defalcation and B«atal frooi Ind. «levat'r 80,000 Belt reotal refanded 100,000 Chesapeake & Delaware Canal. —A Beotata from hooiiM 23,883 TmsteM' commlwilonB ... 2,94 4 an overissue of bonds has been discovered in the ofiice of Bratali from laada 5,357 Taxes on aurpliu prop'Cy 1 ,907 this company. The company's officers are at work at the Otaeoant. lot. and ezoh'e 1,721 EzpeoMOf hoiuee 3,536 the questions to be decided are the amount of the Rent of derriek 210 Expeiue of detiiok 827 books, and MlaaaUaneoaaeamlnsi.. 912 Sorplos 53,678 illegal issue, which is supposed to be $615,200, the identity of the fraudulent bonds, and their status as an obligation of the Total $695,215 Total $695,215 company. It seems that it will be very difficult to identify 8iupla*I><«ember3lat, 1864 $19,718 the illegal issue. On Wednesday the company issued a notice Borplna for 1885, u above 53,678 that the interest on the loan due July 1st, 1886, will not be Bmrptaa December 31it, 1885 $103,397 paid until further notice and the extension of the loan cannot TTKUfClA-L STATEHEKT. be carried out in the mode provided for. Holders of certifi- Dr. cates of loan are requested to produce them at once at the Com of property $14,474,720 Aoonanu dne and unpaid 303,701 office of the company for examination. Cash in Tmsteee' bnoda $60,474 Cash Id TreMBrvr's bauds 8,688— 69,144 Chesapeake & Ohio—Newport News & Mississippi Oaeh In Drexel. Morgan A Co.'s hands to pay oonpons 87,500 Talley.—At Richmond, Va., June 25, the Newport News & Maurlals on hand 24,019 Mississippi Valley Railroad Company leased the Chesapeake & Total $14,859,084 Ohio Railroad. This consolidation is one more step towards Cr. making the trunk line under one management from Newport Capital slook. $5,000,000 News to New Orleans, where it will connect with the Hunt- FInt and Reneral mortfta«e bonds outstanding 8,846,66ii ington system to the Pacific Ocean. The consolidation will onchen and oarrcnt acoonnts 69,797 not affect the present management of the Chesapeake Ohio, BlUs paTable (deferrml payments on real estate) 5,000 & Ctoapoos matured and not presented for payment 8,900 as the officers of that company occupy the same positions in laeome aeooont 103,397 the Newport News & Mississippi Valley Railroad. The Chesa- Btnklng funds. 868,889 peake Ohio & Southwestern and the Elizabeth Lexington & InlaraM aoemcd on bonds. 56,433 Big Sandy have already been leased to the same corjioration Total. $14,959,084 the Newport News & Mississippi Valley Railroad Company. Ogdensburg k Lake Cham plain, Cincinnati Indianapolis St. Lonis & Chicago.—Presiden, (For the year ending March 31, 1886.) ingalls of this company recently returned from Chicago wiiere he signed a traffic agreement with the Illinois Central The aanual report of the company for the fiscal year ending Railroad Companj; which is to will llarch 81, 1886, oompareaaa follows with that of the former continue for 100 years, and jtmx. make his road an independent line to Chicago. The junction of the two roads is at Kankakee, 58 miles from Chicago. Ttfal tamimge- 1885-6. 1884-5. Intreate. E«<«l>t $373,330 #386,623 *$14.'293 Clereland Colnmbns Cincinnati & Indianapolis.—The C!!*"***' 114.241 182,515 •17,974 earnings, expenses and charges for April, for four months g«-jj^ 64,827 73,260 -8,933 and 14.706 18,953 M,247 from January 1, fiunished for the Chkonicle, were as follows: 11,7V8 10,724 1,072 • April. , April30-y ExpreM. e,ooo 6.000 ^Fmtr Mos. end. 1895. 1886. 1886. Raou.... 3,010 3,245 •235 1885. Gross earnings $257,284 $281,588 $1,084,446 $1,174,162 Operating expenses 217,305 194,400 833,600 , Total $586,409* $631,021 •$44,612 889,431 MM nae forel«n can 23,637 14.30« •9,431 Net earnings... $39,979 $87,187 $195,014 $340,.'>61 Interest, taxes, &o.. 61,483 69,083 252,616 274,578 OMMMmino . $562,772 $616,815 •$54,043 Op«raltB( expeaaes . 339,327 398,540 •59,213 Balanoe Der.$21,503 $13,103 Def. $57,632 $6i,983 Stteuimtaiti- Additions to prop'y 12,741 10,706 57,082 77,980 . $223,445 $218,275 $5,170 Dcf. $34,245 $7,397Def.$114,714 Def.$ll,997 Bkymeata from net income were as follows East Tennessee Tirginia & Georgia.—The following JMcarBlnfS as above $223 444 directors of the new company have been elected: Simuel Two cwipons, llrst mortgage bonds .V.'.'."»36!b<>6 Thomas, Calvin S. Brice, Samuel Shethar, George W. Smith, Tw» etmpnu »tohl»« fMiTtonda; 80.400 «J«««^ooo.o. mongag. U7.m Charles M. McGhee, Robert Fleming, (Dundee, Scotland,) E. H. R. Lyman, Frank Work, J. G. Moore, (Moore & Sehley, ToS inu,„, p .rn,e„uv::.-."v;:r.::::::::::::::::..?J;i^^ji^082 representing the Richmond & Danville interests.) O. H. Balance, surplus Payne, A. D. Juilliard, J. O. Moss, (Baltimore & Ohio Riil- for year $12,362 road Company,) Henry Fink, E. J. San ford, R. H. Richards. ThU balance, the report says, may be applied oa the pur- Mr. L. M. Schwan voted $13,500,000 bonds total of duHW of two new Mogul locomotivee. out of a $17,500,000. A m.ieting of Directors was held in Knoxville, Prerident HoUrt's report exi)lain8 tlie decreaao in gross Tenn., and Henry Fink, who has been receiver of the prop- br hUling that it is in part attributable g^^ to the fact erty since June 6, 1884, made a formal transfer of the property w« tiiera bM been no regular line of boat8,and parUy to the to the new owners. Satauel Thomas was elected President, : . , JOT.T 8, 1886.] THE ('HRONICLE. 28 Uenrj Fink Vice-Preeident, James O. Kitcbell Secretary and Mississippi & Tennessee.—A default was made July 1 in treasurer. the, payment of interest oti the series B bonds of this company. Gulf Colorado * Saata Fe.—At Austin, Texas, this com- At the office of E. 11. Hiirriman & Co. the following notice posted July 2: " pany filed an amendment to its charter by which its was Tlie coupons due July Ist will be cashed capital stock may be increased to $10,000,000, and proridin); at the Bank of the llanhattan Co., 40 Wall St., who will hold for branches and eztensiona now under coatraot and that ttwm as security against the advance made." hare been projected. Mew York Central k Hudson River.—The operations of ladiaaa Bloomington * Western.—Mr. C. E. Henderson this company and its leased lines, including the West Shore, haa been appointed reoeiver of this company. This is re- were reported as below at the directors' meeting, when a potted to be a proceeding by the company, owing to a quarterly dividend of 1 per cent was declared. BecMou rendered by the Snoreme Coart of Ohio in the FOB TBS qUABTKa KNOIXO iXJWt 30. ciM between this company and its leased line, the Cincinnati A-elutU. Patmy tttimalad. Haarlnsky & CleTriand rukd. Part ot the latter's line—be- 1886. P. 0. - 1S8& P. 0. OrossAamiBKB 83,603.634 tween Dayton and Springfield, Ohio, is leased to the Cleve- 87..506,0O0 — Operating expenses 3,873,873 69-22 4,SS8,000 61-12 land Columbus Cincinnati A IndiainapoUs Railroad at an annual rental of f 100,000. A dispute aroee as to the propor- Nateanilu<» 81.724,770 82,818.000 tioa of this rental to which the San An important note states that "by retirement of bonds in . Oroet tteetiptt.^-^ , tfet Keeeiplt.—s 18H.5 th» Mwhigan Central reduced 1883-6. 1884-3. 1H8.^.6. 1884-5. annual interest charge was Deesaber 83.937,787 83,390,384 81.110. CHRONICLE. [Vol. XLUI. 24 THE rtos* and oet earnlngB Rt JDM-Iifc * Mni«« IiUBd.-The qDpmmetctal :iii;tmeg. were follows %ht for M«y, •!><» for fl'* month*, m lO^ft IB-ft. l-'He. COMMERCIAL EPITOME. TukC (429.2 8 IM.M1 flt7.43« «l&8.»07 Night, July 2, 1886. ai«MMrnlB«Nu 243.VJO Fmday »9 ixO the termina- Op(nUD(Uf« ^___^^ The markets for merchandise feel the effectsof •'"i'" of the national holiday NHrMD«IUI> WNM» •'^«<» •i»».38' tion of the half-year and the approach the con- very good position, with Fp«DflM».—ThU company has let and vet may l>e said to mainUin a Kt LobU * 8«« values and large uiitolb.*R.'Kiv.rHnHge and pur.l,««..l the «t«*l™''» growing confidence in the stability of a ParU, TexM. L^bor troubles continue, f^thTnew rcmi from Fort Smilh, Ark., to regular demand in the near future. is said, early in them is probably not to be Seli^^^rui be open for btumee., it and complete exemption from American and are less favorable from ro^npany h-VoW to a f7»dic»te of expected at present. Crop accounts fW^.^ being exjess of rains bLker.. hided by J. & W. SeliBman & Co., $5,(m- some sections, the chief complaint fo«tan reported it la bsheved mortWe 5 per cent gold bonds at a price occasionally drought is reportel, but no^f^iere, OoS^ral is suffinent U. has any serious damnge been done. Still, there to b« about „ .u t all that give some impulse to tha speoalation in staples T*)e4o * Ohio Ceatral.-ThU road comprises uncertainty to Central Railway and of sgricullure. ,. ,. line of the Ohio , , , - , , f, f mrTr waa the main leaiing article* 1885. The groea Tne following U a stitemant of the stocks of ^or^nl«d under its new name July 1 . WM given : of thu yiar are thus re- of domestic and foreign merchandise at dates Tad n«t .Srninga for four months ported: 1885. Oron EjptnitM, including Net. 1888. 1896. June 1. July 1. July 1. laM Mamiogt. Ktntatiand Coiu'n. Earningt. 912,742 $ st,3<;0 J.52JV, •g».^' l dir- . , M prior to the a)ip.jintment of the receivers, have if we ex :ept the sharp decline in block tin, fi,>llovvitig a mo- no pUce wi ilie floating debt, a.s the m-tea were retired and mentary c:dvance early in the week, and to-day there was a cancel' d snme time ago and the collateral was turned over to sale for August at !J2J^o, the said directoni. Ooem freijthis luve been dull to British ports, in the A bill wns lileiltbix week in the United States Circuit Court In abse I its of corn in suitable condition to go forward, and Illinois by Cmu* H Beeis against the Wabash SLLouis & Pacific rat«i have declined, closing at 'i%@ 3d to Liverpool, S-". 10>^'1. Kiilwny "Conipanv, and others, to foreclose a mortgage for to Cork for orders and 'it. to ih'^ Continent direct. Petroleum W.liOCOOO given Jily I, '-tSO. lo H. F. Spaulding and John T. c larters were rather mord active at 3s, I. per bol. for refined Tdrry as tnutees, on tne Chicago diviaioi) of the road. to leading port*. . , ' . JCI.T 3, 1888.J THE CHRONICLR 25 COTTON. In addition to above exports, our telegrams to-night also giv« Frid.vY. p. M.. July 2. 1888. OS the following amounts of cotton on shipboard, not cleared Tbx MoTBOcrr or thk Chop, as indicated by our telegraaaa St the ports named. We add similar figures for New York' front tbe South tonight, ia given below. For the week ending which are prepared for our special use by Messrs. Carey, Ya.'* Lambert. thia evening (July 2), the total receipts have reached 13,510 t 80 Broad .Street. halfw. npiin It 1 1 till bales laat week, 21,881 bales the previous On akipboard, not cleartd-for week and 23,773 bales three weeks since; making the toul Jutg 2. 4r— Leuwina receipts since IbelstoCtiepteaiber. 1885, 5,'360, 703 balue, a^cainsl enat OUm- Ooast- Ammm. ToUU. 4,716,«81 iMiea for the Mune period of 1884-86, showing to BtHabt. fbreiffn Witt, increase siaoe September 1. 18W, of 544,023 balea. XewOrleans 10.SC7 None. 2.702 1298 H,965 15 56." tfobtto Non-. McDd. None. None. None. «.3.\] Mu*ipUat- Jfon. ITS*. JM. fWai. Cbarleaton ..... None. Noor. 60O bOO 1,400 2mMS Savsnnab.. ..,. Nobs. None. None. 300 , 3t0 7,231 Oslreaton.. 89 •0 83 11 2)2 OslvestoD Vonr. None. Noue. Mube,' None. 8.2« ladlmnola. Ac. (fuifoU Kuae. None. Hone. 690 C5J 4.33) .lew Yurk Vew OrlasiM 74S 29S 1,073 137 268 314 2,735 u.OOo 7oO H.lOO None. 17,800 230.88' Other ports 6,000 Wane. 8oO Hone. a.SOO 32.4S( Mobile SI 338 S 53 12 348 1 Hands 3 2 Total 1886. 2 5,9«7 7'50 12.202 3,016 41,005 317,09 44 772 671 334 84 1.6S>3 Total 1889 5. '"45 3.S01 6,007 111 15.4ri4 27J0fl^ swXAc. Total 1884 18.478 736 7.714 lAO 27.078 306.424 OkatlastoD.... 387 330 13 34 46 843 The speculation in cotton for future delivery at this Pt Royal. *«. 24 31 market, daring ihu pa's! week tiM continu .'d to increase in volume, WDnlOfton . . 10 14 and prices, though subject to frf quent tluotuations, Hdrah'aCAr. show in the aggregate some further advance. Private accounti from Vorfolk sat r30 36* 170 1.689 the growing crop have b«en Itsi favorable than the public ITrtt Potato •04 310 413 IJM «,.:0j reports, and have had a marked effect in stiiuuluting a revival ITew York 31 8 49 of speculative confidence here and at Liverpool. There has Boston a5» 377 213 265 223 3,066 been also some speculative manipulation, lieginning with the 320 187 607 stoppage of notices for the delivery of s.-veral thousand bales on S3 63 •9 July contracts. The demand from the "short" intertst haa, IMalslhUwMk 1.8)5 I,3»' S.IK 1,4B3 I,2«b 2,3»7 18,310 for these reosoos, been quite vigorous at time.t. September coatracta have ahown exceptional strength, and there has been For oomparmi, wvgtre the foUowing table showing the week's free baying for October. To-day the Liverpool market in total receipts. 1885. and the stock to-night, theto»ijdnoeani>.l, closed, and thia market opened easier, with ihe sp-culalion aiKl the sanir iteoa the oomaDoodinf periods nf last Tfr. for very dull; but there wasagrmdual improvement, on a demand 18«»-««. 1884413. M SSTknuh. . IMt' 7»1.»j7 17 7;0.440 7,530 1,737 btltm. For inim<' dat. rtirndr •>« adv 2A0 8< .... M60 .•(;'.8'"« 1,' 4.^ S."-.'.! o Mod Ijiilct 9 >! atlv . 7i)« ; :) ... roe* Ka»y JlIU Ml.S .... 61.3 OU 3>/t/, 1,000 Huiiily 70) 2-7 .... 71.0)H 1,5(0 Hli.»<"> 2,0110 laure l-'lt IK ... e8<3 l.JCU .... 205 .... 217 4!>,400 t^U'.et siu *'* 12, _ Tors.. 14. 1 It n6>a4 »•« 9>« roud. 3,6543,8001 .... 6,964 3B5,<00: 6,900 441 S sn lAl.^M MIS 118 rb« dsIlT dellvonei Klven above are Mtualtf dallverad the day es.TM prrrifMia to Vfeai un irUon taej srr rniiuned. Total 9»tt KMMnjat IJ8r^lM'4.USjaM tHB HAI.W ABD MUOKa Or FUTU««» are shown by the follow comprehensive table. In the lateiuei.t will >* f< und the T".| II »T.iHlh.8i».SW isij«ii.''iaj>s'a.7»is«i laa prices of sales for each month each day, and^ 39,ON6 iaily market, the Mofr.— n» wpmtafroa »•« York to Un^ Britain locladi- addition to the daily and total sales. (•ilyU,«kicti wtrst»«avOTl«4floa Uroat Brltaiu to Ballloporu. the closing bids, in 1 ' :. 26 THE CHRONICLE. [Vol. Xlin. IH* Visible Supply of Cotton to-ni^ht, as nuwle up by cable •ad telegraph, U as follows. The Continental stocks, as well sa those for (treat Britain and the afloat, are this week's retumF, pflffffplprlifilfiti »nd con8e Total Great Britain stook 683,000 890,000 923,000 1,063,900 1--^ Stock at Hamburg 5.700 4,0C0 4.100 3.900 §•••1 Stock at Bremen 40,700 46,300 69,000 50,700 Stock at AmHterdam 27,000 45.000 51,000 3C.O0O I Stock at Botterdam 400 400 900 2.400 Stock at Antwerp 1,700 1,500 2,500 8.100 5 BtookatHavre 162,000 184,000 227,000 141,000 1 1 1 I I Si I 8 Stock at Marseilles 6,000 4.000 6,000 9,900 ? Stock at Barcelona 60.000 64,000 69,000 96,000 1.;: !• I •: r»: Stock at Genoa 19.000 9.000 13,000 19,000 « : Stock at Trieste 11,000 7,000 12,000 12,000 II: II I M: 1'^ I Total Continental stocks 333..500 363,200 454,500 379,000 Total Em-opean stocks.... 1,0 1 6, 500 1,255.200 1.383..500 1,442.9C0 "*i S fndla cottun afloat for Europe. 25U.000 186.000 321.000 268.000 • a>: I •»: Amer'D cott'n afloat for Eurpe 140.000 82.000 86,000 12-.2.000 '•S= ~ its ecse >0 C«St,Brazil,Jto.,atltforE'r*pe 9.000 5.000 16.000 42,000 lin United States ports .. 358.988 28S,558 333.502 375.883 uu' web ci w>- o - Stock In U. S. Interior towns., 77.469 30.027 31,286 65,201 tjnited States exports to-day.. 1,646 3,500 2.000 7,000 22 I wu a Total visible supply 1,853,603 1,850,285 2,173,288 2,322,984 9o>: I ••: (•.": I »»: I I •»«: Of the above, the totals of American and other descriptions are as follow g Co Amenean— Wo V cocc 0*0 toco 8 a"? Lirerpool stook bales 491.000 641.000 581.000 749,000 0D» PL *JaP 0» Continental stocks 236.000 248.000 284.000 242,000 American afloat for Europe... 140,000 82,000 86,000 l'.:2.000 United States stock L'58,i)88 28:^.558 333.5U2 375.883 United States interior stocks.. 77.469 30.027 31,-28d 65,201 United States exports to-day.. 1,616 3.500 2,000 7,000 Total American 1,308,103 1,293,085 1.317.7s8 1,561,084 Ma$l Indian, JSrattl, <&— L'verpool stook 169.000 227.000 290.000 258.000 liOndonstook 20.000 22.000 58,000 56.900 Oontlnental stocks 97,500 117,200 170..'>00 137,000 India afloat for Europe 250,000 186,000 3.; 1.000 26S.000 B«ypt, Brazil, ,1(0., afloat 9,000 5,000 16,000 42,000 Total East India, Ac 545,500 557,200 855,500 761,990 TotalAmerioan 1,308,103 1,293,085 1,317,788 1,561,084 Total visible snpply 1,853,603 1,850,285 2,173.288 2,322,984 Price Mid. Upl., Liverpool.... !>He^- Si'itd. 65,9d. 59ifcd. PHoeMlrt.Upl.. New York.... O^gO. lO-so. llifio. lOkc. 0* The imports into Continental ports this week have been 37,000 bales. The above figures indicate an increase in the cotton in sight to-night of 3,318 bales as compared with the same date of 1885, a decrease ot 819,685 bales as compared with the corres- ponding date of 1884 and a decrease of 469,881 bales as compared with 1883. At teb Intbbiob Towtjs the movement—that is the receipts for the week and since Sept. 1, the shipments for the week, and the stocks to-night, and the same items for the corresponding period of 1884-85—is set out in detail in the following statement. pcS t5 B c — V ; 3?= =g.B B 2 c^a - as! C3 C-. ^. S o|.«; - 1 h,'^ S: a i se; ^kOCiif.i^O}OifkCi:kO. »-»K.a©!CH-to:D I* ^b>a)KCooid .^.-ocxvoto j,-,OWO«CO^DUC,-.4,030,00)-«)f.®0-Jh-W u 00' UW H- '- 00 IN ^M 01 COMOSOD atoioa^'ks'. C.UOOCD»^«D' 'O' September, •-L'iKi5i'2^f'*9i5^ff* jiTLT 3, i8m.j THE CHRONICLE. 27 There has been rain one bale* more t***" at tb« Mune period last year. The receipts at AugUn, Texas. — on day of the rainfall reaching nine hundredths of tlie aame towM have been 2,3Si) balea more than the same week, the an inch. finely. thermometer week last rear, and since September 1 the receipts at all the Cotton growing Average 83, highest 98, towns are 713,974 bales more than for the same time in 1884-9. and lowest 64. Rainfall for the month of June one inch and fifty-three hundredtlu. COTTOS AT OTHKS M.ARKKT8.— OUOTATIOKS FOn MlSDUNQ Luiinff, Texas. —There has been one light shower daring quotations of middlinR in the table below we gire the closing the week, the rainfall reaching two hundredths of an inch. markeU for each cotton at Southern and other principal cotton Locally we are Buffering from drought. The thermometer imj ol the past week. has averaged 8S, ranging from 73 to 97. The rainfall during the month of June reached five hundredths of an inch. ouiSDM qooiXAnoaa pob Columbia, Texas. — It has rained splendidly on one.^ay of Jttlg 3 JfoM. nxs. WWm*. flbtirv. JW. the week, the rainfall reachiag four hundredths of an inch. The crop is developing promisingly and bolls are abundant. 8% 8"„ OalTastoB 8% 8% 8« s** The thennometer has averaged 83. the highest being 95 ard ew Ortsam »H an 8T» 8^1 9 D »H 8N 8< 8% Sii the loweet 60. Rainfall during the month of June one inch 81 'it B\ 8H 8\ 8H 8k and thirty-three hundredths. » 9 9 9 9 a Cuero, Texas.—We have had rain on one day of the week, 8% 8H •% 8% 8% ••u 9«« 9>9 the rainfall reaching twenty-six hundredths of an inch. The Sii- SSi' 8 - and nix hundredths. The ther- will rm aevn ny inr ar^irr Uukt the loorMM* la Msoant in aUti nmmatgr > • ;k.U3. ail •i7.'>. 1 1 and niii' un- //// u'lt^itU, T*sea».—li has rained on two days of the week, the ' II weeils ...o«.;...ving resohing eighty-two hun(lr.> of tha week, riiu' '1 iMiii. i/i,v >>..iiii. 1 1.^ needed to en- i uus th'.' rHiorall rei ^^^^IcikMi-l •10 the crop, wliloh ii getting very grassy. . — . 1 28 THE CHRONICLE. [Vol. XLin. tiuarii. Mi, 1384-35 1883-84. Ookitnbtu, Q^orgia. —We urn havintc too much rain, it June 30. 1885-86. baviOK f^litii uu Use daja of the week to the extent of one the Rpoefpta loantara*)— inob. It IS clBimtd thnt much damage haa been done to TUsweek plant bjr gram. FlowinK aeriousily interfered with on account Bines Sept. 1 2,872.000 3,613,000 2,611,000 tlio pant Ave wefki. The thermometer hi8 of the r«ln during TkU 8inet Tkii Since Tkit Since ten I tsntmtA 80. rMiKinx {rem 79 to 80. Rainfall for June Keek. Sept. I. teeek. Sept. I. teeek. \8epl. i. lnekMaiMl fortr-two hundredth)*. Heorgia.—TUtTf ha^ be<-n rain on every day of xporu (bales)— iummnah, 1,000230.000 298.000 ^251,000 week, but on four of the dayr quite light. The rainfall ro Liverpool th« roOontlnent ... 1,000 171,000 1,000 19P,000|j 3,000|138,000 reached two inrhfR and tix hundnHlths, The thermometer has .000' 2,000 401,0001 I.000 4H7 I 3,0001389.000 tmaftd from 71 to O:), averafiin^ SI. Total Bxirona have heavy (general rain on AugUtta, Uiorffia.—We had • A oantar la 98 lbs. we>k, wiih hiKh winds on Wednesday, very fir* 4am of the This statement shows that the receipts for the week ending in effect, The balance of the week cloudy and datnagniK June 30 were cantars and the shipments to all Europe tb(«M*ninK. The rainfall reached five inches and thirty- 3,000 bales. •even hundre JCLY 3, I8y«.j THE CHRONICLE. 29 Total - tofr* Waaaca., JaBe30.| Thara., Jaly 1. fr\„ July BALTIiinRr 'loL per «t«itmc>s Xeumora, 3,177 3. ik>ii J 2,OTT To Breu. iiuerllKuiuuii. 3UO «k 300 Of-. Uam. CIM. 0am Oifk Low. Okw. - 40,24-) Totml 4. 4. 4. 4. 4. 4. 4. 4. Th« part'culars of these ahipments, arranged in our uaoa July BOH BOO SOd SOO BIS sia Bit BU tjrva, aie aa follows: jBlr-Aa«.. BC8 fiOS 808 BOB Bit 612 611 6 11 Aiut.-S«pt. BOO BOO BOO BOB, Bia BIS 611 BU Bre- dam, Barre- Hali- Saptaaikar- BbO tlO BOS 'bio BM BU BU BU mtu ^ A nlir'p l-ma S.IOJ S.100 Ja^-rab- . SO* BO. BOl SOI B0« 604 SOS BOS 7,379 • ..•.. ••..> >.•• a..... 6& 7*441 24«27 ToU2... a'J.a^l 2!>3 4.U39 3.150 3.007 2.733 65 4S,2t3 Below we add the cleanutoea this week of vessels carrTuig BREADSTUFF S. ^ cotton from Doited States ports, bringing oar dau down lO FUDAT, P. M., July 2. 1880. *h» The market for flour has been more active. Although the local JoBe8'>-BrljEtp*rt—«t \,19'. OAi.vCTnnr-FdcBwin— trade has bought sparingly (a« usual on the eve of a holiday), Hew oaL«AJ>»— Pt>r Uvaivooi-Jiioe gJV-inwrf Flutldlao, 5.7S8: ....acalptor, l,SO». ...Jna« 29 !««—r KallnK, 1.750, thx export demand has been more urgent, and yesterdaj'. Moarota—fur Urerpovi—Jane M—flMy Priaoe Tietor, ».3«9. BoaKW—For Urerpuol-Juu* 2 i-8(*«iaar asftaia. ««8.... Faoe Si— Stimulated by the better phase which the epeculation in wheat . . . . Iowa, x u t.%. auamar Vcaauaa. Joae 94-MsMMr hsd aMumed, prices improved S 10c per bbl. for good linea B*LTiMO«a-FnrUrerpool-J»— «»-8lii««srM«afoff, 1.336. @ For Braaea-Joas jO -SioaOMr AoM^tea. lis. of low extras, all that wai desirable to be had at $3 and un- riuLaaatraur-rwUTerpoul-Jsaa SS-acsasMr Lm4 iiouich, 779. der being taken up. No general aivanoe in prices can be have been as follows: Ootson frei^hta the past week quot-Ml, however, aa trade brands are still bard to sell. Rye floor and oom meal are firm. iMT. Jfsa. fftas*. VMaa* n«ra. fH Tne speculalioa in wheat was rather vluggisb, theexportde- tivsrpoel.itsaiarf. 'a**,^ %••, ••••.4 .••.. mand being very slow and home millers quite withdrawn U> iai\...d. ..»• .*...... from the market, and prioea were feverishly unsettled down »M >>ts »a> iim ».. »l. bu«ioess, turn for Do lail «. .. .. to the opening of Thursday'* when a II. amiiKMi, aMam-.c '»•• n» «'» "tt >«» the better set in ; the expert demand slightly improved, Uo aaU....*. ,. >•• ...... aod the bull pirty took h<)art from tha reiuoed visi- AaaUMftbaMMSA Ss •u »i. •is •l« •li supply, the indications that the wants of the Conliaeot Pa iK...^ ble regarding crop proipaots in the »i« aMTV 3J«7V JSt7>a |3.1«7V 3S*7it* are large, and a-lvdr*a repirtt Do aaU...*. , spring-wheat section ; a brisk buyiag movement then gave an ••va'.aMam....i«. •*«•»» «».« •^ «<« »».4 W.4 upward turn to values, which was continued this morning, d ... Oa aaO oa laportf looking to a " oomcr" on this crop; but the export •aa»i. ••••w ••••k •••h >t*«i« >'. ' '•amrf •s >• >s >s • >• aoi. Man. ISm«. Iffd. Thun. slsvasar 84% f>4>l 85 84% 85 >a • far l«M ina. Ii am iaIrdallvarT 8t 8t>« 84 >« 84 >4 Lttkbpooi. —Bjr oaMa traoi Livanool, «• hava the foUowtan Aai0Bt4rttv«rT 8414 t<4>4 84 >« 85 86 « ataiement of tbr week's sales, stoeka, Ac. at that port. W« salswiisi 4«Uvef7 84>s Ht>t 85 is 65 • 5H 86^* 86 84 86% 87»* «ld previnoa wtwka for flnmparisoa. OSKSor detlverr 85>s e5>t llsasitiiii mmvary 87>s H7H 87 '« 88 88^ 8»T, Jaouarv drllrery 88^ 8>'» «iU 89 >s 90Ta 05>4 J.at \l Jul— it JvOft l(..y I 4 1 «. 4. 4. 4. 4. 58 • 60 *«s • ta 5C*i • Si • 10 tio SIO • Id Vhaat- Kye-Waatem SfrmK.pnr bosh. 75 • 87 SUiaaud Canada... 81 • «3 J 1 .. 7iir ' SSi >« as* »«S • •• •at •« BW Snu SOV • ou abrlnxMo.Z. Si • Hi Oata—Mixed 33 • 37 jiir-Aiu. • M BM • M • St • « %m ••a • 0* • OS • OS tow too 87 44 Sal win^ '.or, Ro.S 85%* 8tl% Wmte • i91 SO? ft«7 tm aot • «• BM • 10 910 B<« too Kel wlator r-> 89 Ho. 2 mixed 3i%» 36 *•> so; B«7 • •7 • s> • OS sot • 0» t 10 • n tlO 9 in Wh!'.* 7^ 87 Nn. 3 white 39 • 40% Bnrley Malt- S«0 »oa »«a •a* ••t • *• •«• • •ft • OS • OS tot • 0« Osn-Weat. mlzaO 35 4S 47 Oanada 90 0105 oai.-5iav~. • Of »«s •«0 •a> tbi »•! • SI • •I • Of • •* so: • Si Watt. mix. Vo. 2. 46 wiilte 45 48 Btata, two-rowed... 78 • 78 HoT^na*... 4Si 4SS • •• net • XO • •I • 01 SOI • 01 Wa«u 4«t 4M W«at.y«il<>« 45 44 8iale. •Ix-rowed.... 80 « 83 Dac-iaa... • SS «sa 4«S 4iS • OS ta> tts toi • 01 sot • 01 Wl>lta8ualbera.. 48 63 Paaa-Oaaada 05 • 60 raUowttuatkam. 45 49 . [Vol. XUI£. 30 THE CHRONICLE and woolen goods of home manufacture has led to a liberal movement or bre*l«tuft« to marlcet w mdioated In the The first hands, and many fall from the flguree of the Ne»i movement in these fabrics from brtemeP*- oelo". pwPMWi by IM winter g Total stock (pieces) 306,000 1,394,000 1,334,000 614,000 Hie visible supply of grain, comprising the stocKs in granary t the principal points of accumtilation at lake and seaboard Dark prints and ginghams were in moderately good d^manp satisfactory porta, and in transit by rail and water, June 38, 1886 : by p3ickage buyers on the spot, and orders for Wheat, Oom, Oatt, Byt, were booked by representatives of commission Barlti , these goods In ttort al- bush. buth. buth. buth. bush. in hosiery in ew York... 2,826.><17 2.009.380 081,327 54,516 1.522 houses traveling the West. Cotton continued Do afloat 192.000 58,100 8,300 good demand and firm in price, owing to the meagre supply Albany 1,000 32.000 31,000 17,000 6.000 Biiflalo 1,05^,315 225.251 20,012 10,600 17,509 on hand. I)u afloat feeling, Ohlca^o 7,864,8;«5 2,750,638 313,078 14,048 23,504 Domestic Woolen Goods,—There was a better and Do afloat much firmer undertone in the woolen goods market, and a MUwaakee. 2,719,843 7,145 54,493 Do afloat large business in some descriptions was transacted by the mill LBlutb 4,776,777 agents. Clothing woolens, cassimeres, worsted suitings Do afloat as and loledo 533,865 445,931 22,592 1,953 overcoatings, were only in moderate demand, but there was a Detroit 617.590 3,072 9,404 523 OawegD 60,000 12 0,000 63,386 76,364 liberal movement in these goods on account of former orders, Bt-Loula 19J,836 1,299,263 28.731 8,94T 10,433 CloaKings were in irregular demand, but Jersey cloths have Onoliinatl 85,000 4,000 13,000 15,000 5,000 Beaton 58,850 137,658 447,817 2,007 19.877 met with considerable attention from the manufacturing XtDroDto 351,177 8,008 1«,211 trade. Tricots, ladies' Montreal S48,.'t21 58,163 63,190 43,064 8,917 cloths and soft wool dress fabrics were FhlladelphU 229,907 70,928 217,334 in very good demand for the coming season, as were all-wool Peoria 1,221 02,157 222,551 10^093 IndlanapoUa 80M0 3,500 16,500 cashmeres, diagonals, serges and worsted dress goods, and Kansas aty IBS.STK 113,965 220 430 are very Baltlmcra ir>3.(!10 885,423 1.945 prices firm, and higher in some instances. Flannels MlnneapoUi 3.072.660 were quite active in some quarters, and quotations are firmly at-Pauruf.... 780,C00 Oa HtiatMtppl. 98.600 13.200 maintained by agents, some makes having been subjected to On lakea.. 1,284.469 1,076.094 53,709 a slight advance. Blankets continued in demand, and Oo canal. 004,000 473,100 1 10,800 24,900 good stocks are so well conditioned that prices are stiffly held* Tot.Jlln^26. -86. 29.483,663 9,4.58,143 2,881,763 283,334 240.360 Tot. JuiK- 19. 'X6. 30.909,101 9,388,335 2,730,982 288,833 232,080 Carpets were more sought after by buyers on the spot, and Tot. Junr 'M5' 27. 37,U17.6'.*5 6.599,642 3,653,684 207,395 08,790 Bome very good orders were received through salesmen on the Tot. JiMii- 28, '84' 14,222,258 7,750,430 3,921.494 435.527 275,554 Tot. June 30, 83* 19.418,915 13,06.5.984 4.005.007 1,837,011 486,922 road. Wool hosiery, heavy underwear and fancy knit * Minneapolis and St. Paul not Included. woolens were in steady demand, and the recent advance in wool and yarns has imparted great firmness to prices of hosiery, &c. THE DRY GOODS TRADE. Foreign Dry Goods.—The market for foreign goods has New York. Friday, P, M., July 2. 1886. presented few new features calling for special mention. The There was dnring the week under review a continuation of general demand continued quite moderate, but there was a fair business in silk velvets, prices for the improved f-eling lately developed In the dry goods traf'e, which have considerably advanced of late. Dress goods and silks were rather slow, and and a ver.v saiiufstctory business for the time of year was tl>e demand for linens, white goods, embroideries, laces, atocompliahed hy domtstic commission houses and leading hosiery, &o,, was chiefly of a hand-to-mouth character, and jobbers in thin city. The upward tendency of 8ta|)le cotton light in the aggregate amount. July 3. 1880.J THE CHRONICLE. ii SattU5 anA ^atiliers ®ut of ^evo ^otrlu f^uxm gaCortgagcB. BANKS. EW EWOIAXD BAHTKERS . Hayden & Dickinson, Sao. Bnumaaa. Pm*!. F. W. Ooocix, Aat. Caak i INTB8TMKNT BANKKRS. Samuel G. Studley, DBNVBR, COLOBADO. North-Western Nat'l Bank, I YS t*'?.?° Jian^ and for sale arst-cIsM Coantj COMXISSION STOCK BROKER, •ad aphool Boodi aod othar oholce •ecurltlas. Wa CHICAGO, ILLINOIS. oonaarratlTe InTaston our j ffJJWHaJl^ffS'RH,'? No. 4 SzcJiaoca Placa, Boom Ho. 4, RBALMTAT^LOANSon Improradaty and Faim caribu, faootooo. sorpiiu, fsojooo. BOKTO.\, IHAfiH. 'n»aatlfatlon of Utia aod Talaea, aad can be trana. ni* Buk hold* In addiupa tl JtA^. D .>-««« or i!II?i**"''2f-^">"«!P"ndonoa aoUdtad. UlKbest MBtBaad«Bt pw.nt««(«l br '***««»R nnarnv jtot-k RxmAitaa. ^faraBoaa Baat and Waat. tk* mtMUOB 0< If WMtOMI |li>ii»»»bo»»hiifrlolt»t^MW b; th« NORTH- I Real Batata Morttnirea on CUT —M • PMt a< Ito laiSiifylM. lo avaM vkM w» Uiak PHILADELPHIA BANKERS. aod Parm Property, worth two —taadi — WESTERN to four tlmaa amoouta of niort> mtea. laiereai fiTerceat to 7 percent, principal and inter. Loopwioc J. Hiu, B.B.lfcCAin>Lni. a.w.Biu GUARANTY <^ eaf absoloteir tniaraoteed. . rimt im t. CMhiar. Tl«*-Pi«*t Narr Gerlach, _ & LOAN CO., eorltlea for cuaranty held by the TBI BARKKBa AmeHoaa Loan A Tnut Com- AND BKOKBRB, MIX.VEAPOLIB. paoy. of Boaton, Maaa. Ho. 437 CtUSTHUT STKKBT, Saad for Gate City National Bank Pald-Up Capital, olroalara to PBILADBLPHIA. •iOO.OOO. NBHKR Oi CARPENTER. ATLANTA, aBOKCIA. »» »> of tha PhUadalphla aad Naw Tork 8tock Aathorli'd Capital Bankera, Troy, N. Y. Kzoka- i-i.OBO,BM. Eaatem Maoagera niiltnmtid o/ U« Untud Blatm. for Company Arovftery Cabia Tmaafata. Btlla of emfUml •« aarplaa, • • fSOOiOOO OO e% ioa. M. MoniAUB, Boaaas M. jAncar. 7% 8% The Aaierieaa lavpataieBt foBpaar, of Bm- BMtabnra, Iowa, Incorporated with a paid-up captUI of BaOO.OOO. with brancheiat Huron and Mitchell, win Mt M aMBi rnr tlM InTf rot of Ml* sad [os. M. Shoemaker & Co l>»li<>ta, olTer ar»t >l<>nitHK<* Kitriu Ixwna In Iowa, Niftailta*^ BHtksorladlTtdMl*. Minn.. i>atuta,an(l.Neb..)Hah Prinrlpnland Inter- aar aaUr* and rowta* I* alwan la b aMy oaay AJtO raitiaaraBirrd. Al.oA i>rr ccni Uebpnittre Bond, Oar f>t«* rwMiiibIb, Otr* w a ulaL BAHKBR8 STOCK BROKKBS. lobliaailuna of tha Companyi, running lUyean.«e- cored by Mortaaica loans depoalled with the Mrr> aaAX ». Jawm.Praa.ioaiABJcwarT.T.Praa V*. IM BOCTH THIBD WBBBg. f.aa ~am""'^"'PKKioH i.to frrnrKti, Charles B. Bill, John J. Astor. i Ktjbt.B. Mlntom, AND 8TBBBT KAiLlit>AI> BBCL'EITfBa Wilson O.tl ant, John' ' A.Htvwart,^ Geo. II. Warren, & Estabrook, ~rm. If. Macy, &M. Bucli'Khxm (Jeii. Bliss, llntoo OUbert, . R. Ijawrance, William LIbbey. BANKERS. I). I.ord. Isaac N fbi-lps. John C. Brown, Bmstun Corning.,Ing. Bdward. ... Cooper, l^arm ^ovtgfiQiia. .moan. - N«. Low, 8. B. rhittenden,IW.Bay>rdCnliUnn SC CONeBBIS BrniBBT, Chaa. t*. timith. THE WESTERN BBNRT L. rraORNBLL. Saeralary. BOHTON. -iOm n. HAklPTO't /inftK'^f s-ocreury. BKMBgBB or THE VKW TOBK AHD Farm Mortgage Co., •osToir STOCK ExcRAaon. LAWBBNCB, KANSAS, The Brooklyn Trust Co. AlJUt, 9^n to tnTaaton tha baat aaaiiilUaa la tha auwkat Cor. of Moatacne h Clinton sU., Brooklyn. N. Y. Doairr* In nanlrlpal, Statr, riRST MOBTOAOI UTAHS UPON IMPROVBD charter to Railroad lotaraat aad pnnelpal Thla CoBBany Is aothortiad by special rARMB. paid on dar of BtA' guardian, executor or ad- and Vnlted Statea Bonda. larttj la Naw Tort. Paada Brautir olaoa^ Larva act aa reoefrer, traatee, "' Blnlstrator. laa. No lo«aaa.__iBJ r aiJaf. fafaraaoaa j aM It can act as ageot In the sale or manasament of aaforaia. r. M. 1 Idaat4 J. T. raal eatata, collect loierast or dlTldends. recelre H . A JAcaaoi.. .Tlaa-Prart^X. WiuJAH KxiTiTrya. raclstrT aao iraaafer books, or make purchaaa and f. QlhLWrr.Tn .T. Aadltor iaiiaof OaramBant and other secnrltlea. Wilbour, Bauirtoaa and charitable Instltntlons, and persona Jackson & Co., transactioni of buslnaas, will "Bnaeaastoaiedlaeaastoaied to the Farm Mortgages and this Companyany a Miicruife and convenient depoaltory BAKKBIW ABD BRUKBBS. for money. HIPLKY KOPB^.Kol'B^.I'nialdeQt.Proalde BUMUNI) W. CORLIBHrTloe-Preat. Ha. C« WBTBOanCT STBBKT, la Sbbs of $100 BBd UDWsrdR on In- THU8TBR8. Henry R Rbeldoo. " - " dlBBB bb4 Ohio Laa4a, Joslah O. I. -Sviist •mnpvttUs. 'gvMUvLticms. lusttvatxjcje. Union Trust Company BBA»T JiritT 15. or NBW yOMK. 7t Broadway, oor. Rector St, N. T. haivo-book: OFFICE.OF THE CAPITAL,- ...... f 1,000,000 Oir »vmri.vd,- ...... |»,ooo,ooo AMtiiliiit la Mt w aixialnr. AtatfaMntor Oaafttao, ll«wl t«c. or Ti—> »«. aaa I* Railroad Securities. ATLANTIC A LSOAL uaposiroMT roRMOinr Aaamu ilMUBiwf«rac«D«r aadradMrrorilatka, BtMUatTnMMol BoctcaaM of •orpanttoiM. JVLY, ISM. AUow» Uimm 00 ««» July S. 1886. THE CffRONlCLK J %VLBViVa,nC», Segal J^otice. %tg^l g^otlcc.oome,7s. 1899 23 Car. B., Ist mort., 6s, g. '93..A&0 911. 124 iBtgen ,58, 1932 JAD Buiduitky Dlv., 6s, 1919 ...FAA 85 3d mortgage, 7b, 1906 MAN lBtmort.,8pringf.Dlv.,1905 MAN 's's do Income, 1920 14 18 Income, 78,1892 MAS 10358 104 59 6b, 1921 . . .JAD Lar.BI.AMun.,l8t, 68,1919. HAM 101 Mobile A O.—1st pref. debentures. Ohio Southern— l8t 34 2dlncome, 6s, 1921 35 36 do Income, 7s, 1899. 2d pref. debentures Old Colony—68, 1897 F&A 1122 I2214 iMkt Sbora A Midi. So.— 3d pref. debentures (1191* 120 OL P. AABli.,Dew7s, 1892. 4th pref. debentures 68, 1895 JAD .AAO II418 MA.« tl22ia 1231. Boll. A E., new bds, M.,7*,'98.A AO 1281* New mortgage, Gs, 1927 JAD 78, 1894 413S, 1904 AAiO 112 113 Bnff. A State L., 7s, 1886.. ..J&.I Collateral trust 68. 1892 ....JAJ 103' 1111 1111. 120 1927 Bost.C.AFltchb ,l8t,78,'89-90J&J DetJIan.A Tol.,lst,7s,1906.FAA lat extension 68, (J-J 113 1141. 107 107 "s La.ATex.,lBt,6s,1920J&J B. C. F. & N. B., 5a, 1910 ..JAJ K'«lainMooAl.AGr.R,l8t,88.JAJ Morg'n'a 126 tl21is1J;??« 1231. lat mort., 7a, 1918 AAO 129 N. Bedford RR., 7s, 1894. .JAJ KaLASoboolcraft. l8t,88,'87.JAJ 113 Essex— iBt, 7b, 1914 Oreg.&Cal.—I8t68, 1921 JAJ KaLA Wlu Plfteon.lst. 78,'90..J AJ Morria A MAN 115 2d mort . ,78 DtTldMid bonda, 78, 1899. ..AAO 124>a 2d mort, 78, 1891 FAA 1021. l<.B.AM. 8.,oons.,0PM lat,7«.JaiJ 131 Bonds, 7b, 1900 JAJ Oregon&Trauacont.—68,1922MAN 1125' 129 mart., 134 Osw.&Rome—l8tM.,7s,1915.M&N do oon..,reg.,lst,7s,190O.O— General 78, 1901 AAO I35I8 111 ii's" do Miia.,op.,2d,7s,1903..JAI> 1^4 125 Conaol. mort. ,78, 1915 JAD 1361a Panamar-Sterl'g M.. 78. g. '97.AAO . 111 do eonB.,reg.,2d, 78,1903. JAD 134 Nashua* Low.—6b, g., 1893. FAA Sinking fund sub., 68, 1910. MAN 112 ii'03' ioft" Uahonhig L'oS KR. 1st, 5s. .JAJ 5s, 1900 113 Subsidy bonds, Eng. issue, 6s 127 50 lAwreQco—Ist mort., 78,1895.FAA Nashv.Cli.A 8t.L.-l8t, 78,1913 JAJ Paris&Dec'fr—l8tM..78,g..'92.J4fcJ 123 123% Penn.RK.-Gen.M,6s,cp..l910Q*-J iss' Ltiugh Val.— l8t,6s,ooup.,'98.JAl> 2dinort.,68, 1901 JAJ 133 1st mort., 124 Decatur-lst,78,1900.J&J Gon'lmort., 6s, reg., 1910. .AAO 68, reK., 18$8 JAD Nashv.A 123 128 Id mort., 78, 1910 MAS 143 143 is Natchez Jack. A Col.— Ist, 78. 1910 Cons, mort., 68, reg., 1905.. Q—M 104 coup., 1905..J&D 125 128 Qtm. M., 8. t., 6a, g., 1923. . . . JAD 135 Newark A N. Y.—1st, 78, 1887.JAJ do 68. 112 ill' 100 103 Collateral trust, 4138, 1913. .JAD L. Miami—Kaiewia5s,1912.. MAN New'k S'set&S.-1st. 7s, g..'89.MAN 111 IkBoMA FtS.— 11S>« 116 N'biirgh&N.Y.-Ist M. lOOH CouBol. 58, 1919 JAD lstJ.gT.,78'95JAJ 7s,1888.JAJ 111 Looff Island—lit BlV.?8, 1898.MAM New Jersey A N. Y.— Ist mort 100 Penn. Co., 68, reg., 1907 O.— 93 107 Ut oonaoL 5., 1931 lis N. J. Southern— l8t M.,new 68.JAJ 100 do l8tM.,4iaB, 1921.JAJ Q— 111 1191s Bootli Sid*. Ist, 7a. 1887 MAfc 100 N.Y. A Can.-£ M., 6s, g.. 1904.MAN 113 Penn.A N.Y.Can.- Ist. 78, '96. J&D - „. nrtown A Fl., lat. 78, 1891 N.Y.Cen.&H.-Debt aert. ox.5sMAN 1051s 106 1st mort., 78, 1906 JAD ----- US i<.I.UUr FluslilnK— coup., 140 Pensacola A Atlantio-lst m..FAA •--- A Ist, 6s.l911 Mort., 78, 1903 JAJ 1171. >.T.A Mas. BMoh. Ist 78,'97^AJ Mort., 78, reg., 1903 JAJ 136 Peo. Dec. AEv.-1st, 68, 1920.JAJ 11* <'* 67 lMi*r.aA LUL— lst,7s,'97 J^U(e<) 115 116 Delientnre ."IB, 1904 109% Incomes, 1920 MAS lion's 1121. •d mort., 7s. 1907 116 117 Sterllngmort., 6s. 125 127 EvansviUe DIv., lat 68,1920.M&S AAO g., 1903...JAJ } 67 lonlsT.A Nash.—OonsoL l8t,7s.'98 120 120>« New York Central—08, 1887.JAD 10.51s 106 do Income, 1920.... OMdllan Br., 7s, 1907 108 N.Y.Chio.& St.L.-l8t,68,192l.JAD 97 100 Peo.APekinUn.—lst,68,1921.Q-F 110 112 MAS 101 I