AND W xmm HUNT'S MEBCHANTS' MAGAZINE* afiPRESENTINO -THE INDUSTRIAL AND COMMERCIAL INTERESTS ;0P THE UNITED STATES VOL. 35. NEW YORK, DECEMBER 2, 1882. NO. 910. Financial. AMERICAN Bank Note Company, 142 BROADWAY, NEW YORK. BUSINES!) FOCNDKD 1T9S. Itmrporatti undtr Uiwa of State of New YotK 1888. Reokqanizicd 1879. bnobatibs and printcks 07 BOmtS, POSTAOB AND REVENUE STAXPS, LB0AL TENDER & NATIONAL, BANK NOTES tf Vu UNITED STATES and for many Foreign Bcvemmentt. E.NGRAVINO ANT) PRINTINO OF BANK NOTES, STATE AND JtAILROAD BONDS. SBARE CERTIFICATES. BILLS 01 EXCBANQE. DRAFTS. CHECKS. STAMPS. *«. IN THE FINEST AND MOST ARTISTIC STYLE FROM iiTEEL. PL.ATES, With special safeKuarda to prevent CounterfeUint or AlUratioTU. Special papers manufactured exolu* •Irely for use of the Company. Safety Tints. Safety Papers. Work Execnted in Fireproof Buildinca. RAILWAY PRINTING A SPECIALTY Railway Tickets of Iinproyed Styles, With or wUhoUt Colon, and Ticktlt of ail Kiiid$ TKU3TKK8: A. O. Goolall, President, Jos. W. Drezcl, James MacdnnouKh, Vlce-Prest., T. H. Porter, A. D. ShspHnl. vice-Proaldent, P. C. Lounsbury. Wm. Main SmlMle. Vicd-Prest., Chris. Meyer, J. T. Kobertson. Vice-Preaidont, A. V. Stout, tt. H. Stayner, Treasurer, U. H. iianforth, Thoo. II. Freolund, Secretary. Banque Centrale Anversoise, ANTIVERP. Pald-Up Capital, -[2^,000,000 Francs. BOARD OF DIRECTORS Fkliz Osisar, President. ALrasn Maucin ait (Gruff i Maqnlnay), Vice-Prei J. U. VuM liicu KECKK ( Vun der Uecke & Marsllr). Otto OUNTUEiKCorneille-Dayld). Kmii.k i>e Uuttal. Ai>. FRANK (KninH. Model & Cle.1 Aug. NoTTunouM (Nnttebohm Freres). Fu. DHAXis Ctlichiels Loos). JoH. 1>AH Ft-HH.MA\\, Jr. (Job.Dan. Fuhnnans.) Locis WKBEUiKd. Weber & Lie.) JCLBS Uadxsnstkaucu (C. Schmld & Cle.) TRANHAfTS A GENERAL BANKING BUSINESS. ASA P. POTTKK. Prest. J. J. KDDT, Cashier. Maverick National Bank, BOSTonr, CAPITAL, ••••... $400,000 8UBPI.C8, ....... 400,000 Aooounts of Banks and Banters solicited. Collections made apon farorable terms. Government Bonds boufiht and sold. Aug. T. Post, Banker, as NASSAU STREET, BUTS AND 8SLL8 State, City and County Sccuritiea. CORRSSPONDENCB SOLICITKD. STOCK BROKER. Lansdale Boardman, KKW YORK, 80 BROADWAY & 5 NEW 8t. Opposite Stock Kxchanae. TROY, N. Y., 14 & 15 UALL BUiEdINO. Private Wire to Troy. BnmirttlA^r^rriMl nn mn^p luteTOSt pfild OO balftAOM Financial. DIA MONDS. Alfred H. Smith & Co., 182 Broadivay, Cor. John St., IMPORTERS OF Diamonds, Fine Rabies, Sapphires, and otiier Precious Stones, EXCLUSIVELT. LONDON, 33 UOLBORN TIADUCT. Lxvns H. Taylor, Jb. LllTOLEY HAINBS L. H. Taylor & Co., BANKERS AND BROKERS. No. 140 SontU Tblrd Street, PHILAD£IiPHIA. Deposits received subject to check at sight, and intere.H iillowed on (IhIIv balances. Stocks, Bonds, itc, bou!<ht and sold on commission In P*hiUidelphiii and other cities Particular attention Klven to information regarding Investment Securities. C. W. SCiiANTOX. H. H. Bunnell, Member N. Y. Stock fixcbunge. Bunnell & Scranton, BANKERS AND BROKERS, No. 64 BBOADHTAY, NE\ir YOBK, AKP 216 * 218 CHAPEL ST., NEW HAVEN. Bonds and Stocks bousht and sold on Commission. Particular atteutlon paid to Investment Securities. A. J. Saportas & Co., 68 EXCHANGE PLACE. ELECTRIC LIGHT AND MISCELLANE0D8 STOCKS BOUGHT AND SOLD. FOHDYCB D. BARKER, Member N. Y. Stock Exch. HSKRT C. TniKXB. Barker & Tinker, STOCK BROKERS. 2 EXCBANGE COtJBT, NETir TOBK. But and soil on commission, for investment or on manrtn, all securities dealt In at the New York Stock fxcnaoKe EBNBST OROSSBKCK, OEAST B. SCHLIT Members N. Y. Stock Bxchanse Groesbeck & Schley, BROKERS, Ns. 26 BROAD STREET, MEW YORK GIOROS STABX. John F. stabk George Stark & Co., BANKEBS, No. 33 Naaiuiu Street, New Tork, TBANSACT a GENERAL BANKING BUSINESS ^^AND BUY ANI> SELL INVESTMENT * SECURITIES. Have constantly on hand and for sale WK8XKRN CITY AND FARM MORTGAGES, BeurlnK 7 to S per cent interest. WESTISRN MUNICIPAL BONDS. Ctrcalara witb lull partlculan mailed on avpllonUoa. Financial. Fred. H. Smith, STOCK AND BOND BROKER, 20 BROAD STREET, NEW YORK. Railroad Secnrities a Specialty. Intimate knowledge of all for past fifteen j9Bn. Information cheerfully given. Investors or dealers wIshInK to buy or sell are Invited to commnnloateL All stocks dealt In at New York Stock Exduu^re car. rled on margins. Pollock & Bixby, BANKEBS AND BBOKEBS, 2S NASSAU STREET. NEW TORK. Bnyand sell on commission, or carry on marffln,all aecurltleji dealt In at the New York Stock Excnantfe. WW. Pollock, Member N. Y. stock Ezchanse. A. J. BUJir. J. W. Wilson & Co., 27 & 29 BEAVEB ST., NEW YORK. Bllla of Exchange and Letters of Credit ou Mexico. J. C. Walcott & Co., BANKERS AND BROKERS No. 3 Pine Street, New York. Transact a General Banking Business; Bur snd Sell on Commisalou, for cash or on margin, all Securi- ties dealt In at the New York, Philadelphia, Boaton and ChlciiKO Stock Exchanges. Brancli Office, 320 Broadirar. Jos. C. WALCOIT, t Members of the N. Y. Stock FRANK F. DICKLVSON, ! and Mining Stock Exch'ge*. Schuyler N. Warren & Co 61 Excbance Place. nrVESTSIENT SECURITIES. city, RaUroad, Ga<, Electric Light and MUceUanaou Stocks and Bonds. H. L. Grant, No. 146 BBOABWAV NEW TOBK. CITY RAILROAD STOCKS « BONDS BOUGHT AND SOLO. See quotations of City Railroads lo this paper. JOHN PONDIB. KDDARD MUtTINH. AUG. NATBAlf Pondir & Co., Stocks, Bonds & Investment Secnrities, 30 EXCHANGE PLACE. NEW YORK. Orders exeonted on the London and Borope*n markets. Kountze Brothers, BANKERS, ISO Broadwar (Equitable Bnlldinc), NEW ¥ O K K . LETTEBS OF CBEDIT AND CIBCVLAB NOTES Iwoed for the use of travelers In all partB of the world. Bills drawn on the Union Bank of London' Telegiaphlo transfers made to London and to various places In the United States, Depoalu received subject to check at sight, and la- tereat allowed on baUooea. QoTemment and otber bonds and Investment M. onHttes booght and aoid on nommlsilrn
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
ANDW xmmHUNT'S MEBCHANTS' MAGAZINE*
afiPRESENTINO -THE INDUSTRIAL AND COMMERCIAL INTERESTS ;0P THE UNITED STATES
VOL. 35. NEW YORK, DECEMBER 2, 1882. NO. 910.
Financial.
AMERICANBank Note Company,
142 BROADWAY, NEW YORK.BUSINES!) FOCNDKD 1T9S.
Itmrporatti undtr Uiwa of State of New YotK 1888.Reokqanizicd 1879.
bnobatibs and printcks 07BOmtS, POSTAOB AND REVENUE STAXPS,LB0AL TENDER & NATIONAL, BANK NOTEStf Vu UNITED STATES and for many Foreign
Bcvemmentt.E.NGRAVINO ANT) PRINTINO
OF BANK NOTES, STATE AND JtAILROADBONDS. SBARE CERTIFICATES. BILLS 01EXCBANQE. DRAFTS. CHECKS. STAMPS. *«.
IN THE FINEST AND MOST ARTISTIC STYLEFROM iiTEEL. PL.ATES,
With special safeKuarda to prevent CounterfeUintor AlUratioTU. Special papers manufactured exolu*•Irely for use of the Company.
Safety Tints. Safety Papers.
Work Execnted in Fireproof Buildinca.
RAILWAY PRINTING A SPECIALTYRailway Tickets of Iinproyed Styles,
Withor wUhoUt Colon, and Ticktlt of ail Kiiid$
TKU3TKK8:A. O. Goolall, President, Jos. W. Drezcl,James MacdnnouKh, Vlce-Prest., T. H. Porter,A. D. ShspHnl. vice-Proaldent, P. C. Lounsbury.Wm. Main SmlMle. Vicd-Prest., Chris. Meyer,J. T. Kobertson. Vice-Preaidont, A. V. Stout,tt. H. Stayner, Treasurer, U. H. iianforth,
Thoo. II. Freolund, Secretary.
BanqueCentrale Anversoise,
ANTIVERP.Pald-Up Capital, -[2^,000,000 Francs.
BOARD OF DIRECTORSFkliz Osisar, President.ALrasn Maucin ait (Gruff i Maqnlnay), Vice-PreiJ. U. VuM liicu KECKK ( Vun der Uecke & Marsllr).Otto OUNTUEiKCorneille-Dayld).Kmii.k i>e Uuttal.Ai>. FRANK (KninH. Model & Cle.1Aug. NoTTunouM (Nnttebohm Freres).Fu. DHAXis Ctlichiels Loos).JoH. 1>AH Ft-HH.MA\\, Jr. (Job.Dan. Fuhnnans.)Locis WKBEUiKd. Weber & Lie.)JCLBS Uadxsnstkaucu (C. Schmld & Cle.)
TRANHAfTS AGENERAL BANKING BUSINESS.ASA P. POTTKK. Prest. J. J. KDDT, Cashier.
Maverick National Bank,BOSTonr,
CAPITAL, ••••... $400,0008UBPI.C8, ....... 400,000Aooounts of Banks and Banters solicited.
Collections made apon farorable terms.
Government Bonds boufiht and sold.
Aug. T. Post, Banker,as NASSAU STREET,
BUTS AND 8SLL8
State, City and County Sccuritiea.
CORRSSPONDENCB SOLICITKD.
STOCK BROKER.Lansdale Boardman,
KKW YORK, 80 BROADWAY & 5 NEW 8t.Opposite Stock Kxchanae.
TROY, N. Y., 14 & 15 UALL BUiEdINO.Private Wire to Troy.
PHILAD£IiPHIA.Deposits received subject to check at sight, and
intere.H iillowed on (IhIIv balances.Stocks, Bonds, itc, bou!<ht and sold on commission In
P*hiUidelphiii and other cities
Particular attention Klven to information regardingInvestment Securities.
C. W. SCiiANTOX. H. H. Bunnell,Member N. Y. Stock fixcbunge.
Bunnell & Scranton,BANKERS AND BROKERS,
No. 64 BBOADHTAY, NE\ir YOBK,AKP
216 * 218 CHAPEL ST., NEW HAVEN.Bonds and Stocks bousht and sold on Commission.
Particular atteutlon paid to Investment Securities.
A. J.Saportas & Co.,
68 EXCHANGE PLACE.
ELECTRIC LIGHT AND MISCELLANE0D8
STOCKS BOUGHT AND SOLD.
FOHDYCB D. BARKER,Member N. Y. Stock Exch.
HSKRT C. TniKXB.
Barker & Tinker,STOCK BROKERS.
2 EXCBANGE COtJBT, NETir TOBK.But and soil on commission, for investment or on
manrtn, all securities dealt In at the New York StockfxcnaoKe
EBNBST OROSSBKCK, OEAST B. SCHLITMembers N. Y. Stock Bxchanse
Groesbeck & Schley,
BROKERS,Ns. 26 BROAD STREET, MEW YORK
GIOROS STABX. John F. stabk
George Stark & Co.,BANKEBS,
No. 33 Naaiuiu Street, New Tork,
TBANSACT a GENERAL BANKING BUSINESS^^AND BUY ANI> SELL INVESTMENT* SECURITIES.
Have constantly on hand and for sale
WK8XKRN CITY AND FARM MORTGAGES,BeurlnK 7 to S per cent interest.
WESTISRN MUNICIPAL BONDS.Ctrcalara witb lull partlculan mailed on avpllonUoa.
Financial.
Fred. H. Smith,STOCK AND BOND BROKER,
20 BROAD STREET, NEW YORK.
Railroad Secnrities a Specialty.
Intimate knowledge of all for past fifteen j9Bn.Information cheerfully given. Investors or dealerswIshInK to buy or sell are Invited to commnnloateLAll stocks dealt In at New York Stock Exduu^re car.rled on margins.
Pollock & Bixby,BANKEBS AND BBOKEBS,
2S NASSAU STREET. NEW TORK.Bnyand sell on commission, or carry on marffln,all
aecurltleji dealt In at the New York Stock Excnantfe.
WW. Pollock,Member N. Y. stock Ezchanse.
A. J. BUJir.
J.W. Wilson & Co.,27 & 29 BEAVEB ST.,
NEW YORK.
Bllla of Exchange and Letters ofCredit ou Mexico.
J. C. Walcott & Co.,BANKERS AND BROKERS
No. 3 Pine Street, New York.Transact a General Banking Business; Bur snd
Sell on Commisalou, for cash or on margin, all Securi-ties dealt In at the New York, Philadelphia, Boatonand ChlciiKO Stock Exchanges.
Brancli Office, 320 Broadirar.Jos. C. WALCOIT, t Members of the N. Y. StockFRANK F. DICKLVSON, ! and Mining Stock Exch'ge*.
Schuyler N.Warren& Co61 Excbance Place.
nrVESTSIENT SECURITIES.city, RaUroad, Ga<, Electric Light and MUceUanaou
HEAD OFFICE IN AMSTERDAM.Agencies lu Batavla. Soerabaya and Samarang
Correspondents in Padang.
Issue commercial credits, make advances on shipmenta of staple merchandise, and transact otheibusiness of a financial character in connection withthe trade with the Dutch East Indie*.
The bank, while conducting the general businessof London Bankers, given special attention to theagency of Foreign and Colonial Banks.
A. O. KENNEDY. Manager.
Hong Kong & ShanghaiBANKING CORPORATION.
CAPITAL (pald-np) tS,0OO.0naRESERVE FUND S,«90,00«
HEAD OmCE. BONO KONO.^he Corporation grant Drafts, Issue Lettera ofCredit for use of Travelers, and negotiate or collectBills payable at Bombay, Calcutta, Singapore. SaigonManila, Hong Kong, Foochow, Amoy, NlngpoShanghai, Hankow, Yokohama, Hlogo, San Francis-co and London.A. M. TOWNSEND. Agent, 4T William >-i.
Letters of Credit and Drafts issued on the 101branches of the Bank in the Colonies of Oueensland,New Pouth Wales, Victoria, 8outh Australia, Tasma-nia, and New liealand. Bills negotiated or sent forCollection. Telegraphic transfers made. Depositsreceived in London at interest for fixed periods odterms which may be ascertnined at the office.
PRIDKAUX SELBY, Secretary
Adolph Boissevain & Co.BANKERS
coinnissioN kierchants,AMSTERDAM, HOLLAND.
N. Y. Correspondents—Messrs. Buike Bbos. & Co.
Gerhard & Hey,R E T A E.OFFICES AT
LBIPSIC, BERLIN, IHOSCOW,NlJNI-NOVGOHOD, during the Fair.
Commissioners & Forwarding Agents,
SHIP BROKERS.Undertake to cash Bills, Advances and Freight.
Amounts; execute all orders In the line of Banking,Commission and Forwarding Business on the moatmoderate terras.Ship-owners are requested to address vessels bound
for Heval unto the care of
GERHARD ic HEY,KEVAL, EUSSIA.
i^s—^M i "_! X^———^BP'g'
Canadian Bankcn.
Gzowski & Buchan,Bahkbbs and Stock Bbokbbs,
TORONTO. ...... CANADA.
Prompt attention given to Collection of Commer-cial Bills and Canadian Funds on all points in Cana-da; American and Sterling Exchange, and Stooka,Bonds, etc., bought and sold.Correspondents—Bank of Mew York, Mew York
aad AiUance Bank, London.
Dkcbmbeb 2. 1882.] I THE CHRONICLE. mCanadian Bankert.
Merchants BankOF CANADA.
Capital, . • (5,700,000 Paid Up.Prealdent, SIR HUGH ALLAN.
OKOKOR HA(JUK. (;en(iral MunHin-r.i. II. PLaMMEK, AsnlHUnt OenenU Manaser,
BANKKK8:LONDON, ENO.—The Clydeadale Bank (Limited.)NEW YORK-The Bank of New York, N. B. A.
The New York Agency buja and sells Sterling Bx-ehanxe. <'Hble Trannfors, issues Credits acaliable laall parts of the world, niuke.s ootlectlons In Canadaand elsewhere, and issues Drafts payable at any ofthe oilict^s of the bunk In Canada, Demund DraftsIst^ued piiyubie in Scotland and Ireland, and everydescription of foreign bunking business undertaken.
New York Acener, 48 Exchance Plaoe.
HENRY HAGUE, ) .„„„,.JOHN B. HARRIS, JK., (•*«*"'•
New England Bankers.
Bank of Deposit,84 DeTvnahlre Sc'iO Water 8te., cor. epp. P.O.BOSTON.Initrat on aenosila mtb/ect to ektek.Bonila and other inveslmenlt bought and toUt.Correspondence invited.Onlert executed m Iloglon and !feu> York StockExchanges, of which we are memberi.
F. A. Hawley & Co.,BANKERS.
Bank of Montreal.
CAPITA I., •
StJRPIiUS, •
$13,0OU,0OU, Uold.5,SOO,000, Hold.
C. p. SMITHERS, President.
W. J. BUCHANAN, General Manager.
JTEW rORR OtFlCB,Nos. fi9 dc 61 U'AI.L, STRKKT.
Walter Watson, i
Alix'r Lano. Agents
Parker & Stackpole,BANKERS,
No. 60 DEV0N8H1RB STREET,
BOSTON.
Baltimore Banker*.i. W. MiDDMIiOBr, W. H. OLIVER, a A. ALBUn.
Memlxr* Baltimore Stock Itzchaogt.
MiddendorfjOliver & CoBANKXRS AND BROKERS,
8. W. Comer aermnn Sc South Hts^P.O. Box W7. BAI.TIDIOKE. no.elgn Bills of Exchange, Collateral Lrains and Cdofmerclal Paper.INDICATOIM AND TELEPHONE IN OmCS.
Wilson, Colston & Co.BANKERS AND BBOKBR8,
BALTimORK.INVESTMENT and VIROINLA BBCURITIEb a
specialty,CorrespondeDC* solicit*] and Informstloo for.
Dealers In Commerdel Paper, Governmect ancother flrst'Class Bonds and Becunties and Ki rt-lcnExchange.Private Telegraph Wire to New York an. Boftoi>.
Buy and sell Sterling Exchange, Francs and CableTransfers ; grant Commercial and Travelers Creditsavailable In any part of the world ; Issue drafts onand make collections In ChlcaBO and throogboatthe Dominion nf Canada,
London Office, No. 9 Hlrebln Lane.
Imperial Bank of CanadaCAPITAI- (pald-np), . . . 81)300,000RE8ERTB, 460,000H. 8. HOWLAND, Pres't. D. R. WILKIK, Cashier.
HEAD OFFICE, TORONTO.BRANCHES:
St. Catharines, Port Colborne, St. Thomas, Ingersoll,Welland, Fergus, Woodstock, Winnipeg. Man.,
Brandon.Dealers In American Currency A Sterling Exchange.
Agents In London : | Agents In New York:BosANQuxT. Salt A Co., Bank or Montreal,
TO Lombard Street. | 5i» Wall Street.Promptest attention paid to collections payable Id
any part of Canada.
the' ._remitted by craft on New York.
C. E. Jackson & Co.,mODLETOWN, CONN.,
Buy and sell Government, State, Manldpol andRailroad Bonds and Stocks. Investments for Sav
Inga Banks a specialty. Correspondence solicited.
Sontbem Kankcnt.THE CITY BANK OF HOUSTON,
CAPITAIi, 9500,000,
Houston, Texas.We give special attention to collections on aU
accessible points.DiRiK-roiUM-BenJamIn A. Botts. Prest: F. A. RIc*.
C. C. Baldwin. W. B. Botts. Hob't Brewster, 8. k!Mcllhenn- " " •" *- ~B. K.
Pennsylvania Bankers.
"Geo. B. Hill~&"~Coy7BROKERS,
PITTSBVRO, PA.,Buy and sell all classes ot Western Pennsylvania
Securities. Correspondence solicited.
GEO. C. TUOMAB. Jos. M. SHOIUIAKEU.
Approved Canadian business paper discounted atle Head OflSce on reasonable terms, and proceeds
AGENCT OF THB
Bankor
British North America,No. fi3 tVALI. STREET.
Buy and se'l Sterling Exchaneeand Cable Trans-fers. Issue demand drafts on Scotland and Ireland,also on Canaria, BritUh Columbia. Portland, Oregon,Ban Franotsct and Chicago.
Bills collected and other banking bnslness Irana-•cted. D. A. MCTA VISU, i ,.„„,.
W. LAW80.N, {Agents.
Hew England Bankers.
Brewster, Basset & Co.,
BANKERS,No. 86 CONORE8S STREET,
B06T0N.MUMBBBS OF THB NEW YORK AND BOSTON
STOCK E.tCHANOBS.
ALSO,
DMdera In Municipal, Stat«. Railroad andUnited Mtataa Bonda.
Perkins, Dupee & Co.,
(Jvrwmlr Cbab. A. Bwnr A Co.>,
BANKERS AND BROKERS,W^ 40 STATB STBEEVpt
B06T0W, 1HLA66.
Thomas & Shoemaker,BANKERS AND STOCK BROKERS,
134 South Third 8t., PHII.ADEr.PinA.Dealers in all Issues of United States Bonds.
Investment Securities a specialty. CorrespondenceInvited and full Information upon financial subjectsfurnished.
E. W. Clark & Co.,BANKERS,
No. 33 Sonth Third Street, Philadelphia.
DEALERS IN CAR TRUSTS AND OTHER IN-VBSTMKNT SECURITIES.
Stocks and Bonds bought and sold on Commission
my, B. F. Weems. BE.NJ. A. BOTTS, i»nl»f'WEEM8, Cashier."
THOB. P. HILLIK, R. D. wn.LIAMS. JNO. W. MILUC*CHAS. B. MILLER.
Thos. P. Miller & Co.,BANKERS.
nOBILE, ALABAKIA.Special attention paid to collections, with iToiapt
remittances at current rates uf exchange on day ofpayment.Correspondents.—National Bank of State of New
York, New York; Louisiana National Bank, NewOrleans: Bank of Liverpool, Liverpool.
B. E. BcBRURS, Preat. A. K. Waleib, Cashier.
First National Bank,iriLiniNGTON, N. c.
Collections made on all parts of the United Stataa.
WM.C.COCRTNET.Pres. EBNBSTH. PBINOLI.Caab
BANK OF CHARLESTON,National Banring association,
CHARLESTON, S. C.Special attention oiven to coLLBCTio!f&
R. II. MAVRY & CO.,STOCK BROKERS.
RICHMOND, VtKUlNIA,Buy and sell Government, State, Municipal aad
Railroad Bonds and Stocks. Ac. Virginia State Tax*Receivable Coupons bought and sold. Ail orderspromptly attended to.
New York Correspondent. VERMILYE A CO.
A. P. Turner & Co.,BANKERS AND BROKERS,
No. 207 WALNUr PLACE,PIIII.ADELPBIA.
italtiinoro Baiikcri«.
John A.Hambleton& CoBANKERS AND BROKERS,
No. S SOUTH STREET,BALTIMORE.
Oonnseted by Sprcial Wirt vHth New roi* and Phila-delphia Corre^pondenU,
Transact a General Banking Bnslness.
Bny and Sell on Commission In this and other cities
a!l descriptions of Stocks, Bonds and Securities.
Special Attention given to Investm'pnts
Loans negotiated and advances made on npprovedeoUaterals.
Deposits recelvad sabjeot to check at sight.
Collections on all points In U. S. and Canada.
Robert Garrett & Sons,BANKERS,
Wo. T SOrTH STREET,BJULTIMORC,
TRAinUCr A GENEKAL DOHaBTW AVDFOKBbSK BANKlXa BVffJfPH^, '
MERCHANTS' NATIONAL BANK.RICHiTIOND, VIRGINIA.
CoIlectloiiH made on all Southern points on beatterms: prompt returns.
JOHN P. BRANCH, President.JOBN F. Glenn, Cash . Kked. k Scott, VIce-Prest.
THOMAS BRANCH & CO.,BANKERS AND COMMISSION MERCHANTS.
RICHinOiND, VIRGIM.A.Virginia Bonds funded under the Funding Act
passed by the last I^etrlalalure. for H per cent commis-sion. New North Carollfui fl percent bonds, securedby Hen on the state's stock In the North CarolinaRailroad, for sale.
Western Bankers.
Thos. M. Thornton. Wh. w. Thornton, Cash
W. F. THORl^roN A. SON,(Established 18S9J
BANKERS ANU BROKERS,SHELBYVILLE, ILLINOIS.
Collectionsmade In Shelby and adjoining Conntlaaand Proceeds remitted on Day of Payment.RBFERENCBti—National uaokof Commeroe-New
York. Union National Bank, anclnnatl. ThirdNational Bank, St. Louis. Traders' Bank, Chicago.Indiana Buuklng Company. Indianapolis.
P. F. Keleher & Co.,805 OldlVE STREET, ST. LOUIS, RTrt
First-rlHss Western Investment Securities forsalfcSt. ]..ouis City and Stat«8 of Missouri, Kansas, TexaaArkariHus and Colonulo Bonds a specialty. FuJI In-form:itton given Id ref«renoe to same on appUoatloo.Coupons and DiTldendB ooUected.
C. F. PCNZSL. J 8TATB BANK, >C.T. WalkibPnildent. (Ineorporr^'ed 1875. { Caahler.
German Bank,LITTLE RO«K, ARK.
CAPITAL (Paid-in) ...... tTS.OOOSURPLUS, SM,O0»
I Prompt attention given to all business to our Ho*
w THE CHRONICLR [Vol. XXXV.
Western Bankers Financial.
Sam'l A. Gaylord,ST. LOUIS,
DEALER IN WESTERN SECURITIES
I>«ftiiU«<l Conntx. Towmhlp and City Bon<U of
Mlnonrl. Kusu »n<l UllnoH bowrht »t best ratea
toTeftment Sworltlw tor aale. Correapondence
•oUcltad.
Vyse,
THE "WEfSTERN
Farm Mortgage Co.,LAITBENGE, KANSAS,
Offers to ItiTOstore the best "eCTiritles In the market,
FIRST MORTGAGE LOANS UPON IMPROVEDFARMS. Interest and principal pnid on day of ma-tarlty In New York. t"and9 promptly placed. Lanreaxnerlence. No losses. Send for circular, references
SS^XfOTOs: F°M. PERKINS. I*rc»ldent; J. T.
WAKNtvice-Prest.! L. H. PERKINS. Secretary |
CHA8.W.GILI,Ka'T.Treas. N.F.HART Auditor.
Finauetal.
SBmvAHS.JmTT.Pres. Josiah JEWBTT.V-PreaWuxiAM C. CgaNwiLL, Cashier.
Bank of BuiFalo,CAPITAL, 8300,000.
BUFFALO, N. T.
This bank has aopeilor facilities for maklne col-
leotloBs on all accessible points In the UnitedBtates. Canada and Europe. Liberal terms extt'ndedto accounts of bankers and merchants.CORRI8PONDBNT8.—New York, National Shoe &
Leather Bank; London. Union Bank of London.
Wood, Huestis & Co.,81 PINE ST., NEW TOKK,
BANKERS AND BROKKKH,8UCCE880B8 TO
WOOD & DAVIS.Bzecnte orders In all securities listed at the NewYork Stock Exchange. For Sale,Fibst-Class kailkoab " Isr Mortoaob Bonsh.OEORGK C. WOOD. 0. H. HUESTIS. L.M.8WAN
Hatch & Foote,BANKEBS, No. 12 W^ALL STBEET,
B07 AND 8EXJ,
aOVKBNMENT BONDS, STOCKS AND MISCELliANEOUS SECURITIES.
R. T. Wilson & Co.,BANKERS AND COMMISSION MERCHANTS
3 KxcnanKC Conn, New Vork.
R. A. Lancaster & Co.,BANKERS AND BR0KBE8,
«tt BROADWAY, NEW YOBK,.„ DKALEES INFIrst-Claas luTestment Securities.
OOYEKNMBNT BONDS, 8TATB, CITY, COUNTYKAILROAD & MISCELLANEOUS SEcfjBITIESBought and Sold on Commission.
Virginia Tax-Receivable Coupons Boaaht.SOnlEEKN SEOURITIEB A SPEOIALIY.LOANS NEGOTIATED,
INTKRB8T ALLOWED ON DEPOSITS.
C. H. Bachem,(Late limbbrt & CO.),BANKER AND BROKER,
19 k, 21 NASSAU ST.. NEW YORK.Member of New York Stock Exchange.
#„?^??i,*.,"'*'"'°"'' ''9'Wht and sold on commission
Oilman, Son & Co.,BANKERS,
»3 CEDAR STREET.to addition to a General Banking Business, bij
•*« s«U GoTemment Bonds and investment Seouil-
Simon Borg & Co.,Ho. 8 WAIil. STREET, NEW ITORK
DEALERS IN ALL KINB8 OFRailroad and Investment Securities.
BonTHEBM gKCPBITIEg A SPBCIAITV
Cahoone & Wescott,*•. 3 New Street* No. 82 Broadwaj,
TB08. A. VT8E. TH03. A VySE.JB. C. 0. BROCNW. B. D. Vtsi, Membar N. T. Stock Bxchante.
y Sons & Broun,BANKERS AND BROKERS,
No. 3 WAIil, STBEET, NEW YORKStocks. Bonds and Government Seourltiea bought
and sold on commission. Interest allowed on de-posits subject to check at sight
Stewart Brown's Sons.WM. HABMAN Brown. Davison Brown.Geo. AutxANDEB Brown, Memb. N. Y. Stock Excb
No. 38 PINE STREET,NEW YORK.
GoTemment Securities, Stocks& BondsBoroBT AND Sold on COHmssioN.
CAJ> Co.BANKERS,No. 18 W^AI.!. STREET,
New York,Transact a General Banking Business, Including
the purchase and sale of STOCKS and BONDS forcash or on margin.
Bur and Sell Investment Securities.p. O. BOX 8,847.
A. M, Kidder. Watland Trask. H. J. Mobse.W. C. Hlll.
lBoodi|tMo l^eftau
& So-BANKERS.m Broad^ray, cor. Exchange Place, N. ¥Branch Office, I'iH La 8alle 8t., Chicago,
TRANSACT A GENERAL BANKING BUSINESS,INCLUDING THE PUK0HA8B AND SALE OFSTOCKS AND BONDS FOR CASH OR ON MAR-GIN. BUY AND SttLL INVESTMENT SECURI-TIES. INTEREST ALLOWED ON DBPOSITHSUBJECT TO CHECK AT SIGUT.
P. O. Box 447.D. A. BOODT, C. W. MCLELLAN, JB.
Reuben Lsland.
ENSLOW,^ASTON
ERTS.
BANKERS15 Broad St. (mils Building), N. Y.
Stociig Bought and Sold on Margins'
CINCINNATI CITY BONDSA. SPECIALTY.
Cincinnati 7 3-lOs at 129 and Interest.Cincinnati Gold 6s at 119 and interest.
B. H. Denslow, Member N. Y. Stock Exchange.D. A. Baston. h. h. Herts. 8, H. Nichols.
P. O. BOX 1889.
-snnKERS-25 fme §t. - i^ew^ORK*
Purchase and sell on Commission GOVERNMENTand RAILROAD BONDS and STOCKS, and all
classes of Securities dealt in at the NEW YORKSTOCK EXCHANGE, or all reputable Securities
bought and sold In the OPEN MARKET. LOANBand COMMERCIAL PAPER negotiated. Interest
paid on DEPOSITS, subject to cheek.
BANKERS,UNITED BANK BUII.DING,
'Wall Street, Corner Broadway.STOCKS, BONDS d! COMUERCIAL PAPER.Stocks and bonds bought and sold on commission at
New York Stock Exchange. Advances made on busi-ness paper and other securltlee.
WM.D. HATCH,Member N. Y. Stock Bzoh.
Wm. B. Kendall.
Me. 31 WAX.I. STREET,
BANKERS AND BE0KBB8,Baftr te lleHt*. ruK * HAioa.
Financial.
Colbron, Day & Field,
BANKERS AND BROKERS,
No. ir Kew Street, 130 I.a Salle Street,
NEW YORK. CHICAGO.
Stocks and bonds bought and sold for cash or:>n margin.
Interest allowed on deposits, subject to check atalght.
A. W. Beasley & Co.,
BANKERSAND DEAIiEBS IN
INTESTMENT BONDS,No. 98 Broadtray, NeTr York.
We offer a large line of CHOICE Railroad
SIX PER CENT bonds on desirable terms to
buyers and investors.
D°S: wfLLA*;'""^' «=»" bowers, Jr.
Members N. Y. Stooli: Ezob.
Howard Lapsley & Co.,BANKERS AND BROKERS,
No. 6 WAL'^ 8TRBBT,New York.
James T. Bates & Co.,(ESTABLISHED 1868,>
BANKERS AND BROKERS,MlUs Building, New York.
Members of the New York Stock Exchange.Checks and Cable Transfers on JAMBS T. BATES A
CO.. Geneva, Swit^cerland.
I. F. Mead & Co.,STOCK BROKERS,
3 EXCHANGE COVRT, NEW^ XORK^Branch OflBce with Private Wire at 23 West Twenty-
Third Street.Buy and sell on commission for investment or on
margin, all securities dealt in at the New York StockExchange.B. B. LEAB. I. F. MEAD, T. H. CCBIIS.
Member N. Y. Stock Exch.
John S. James & Co.,Commission Stocli Brolcers,
No. 16 BROAD STREET, NEW YOKK.John S. Jahe8, Wabken T. Jambs.
Member N. Y. Stock Exch.
Stocks, Bonds, &c., bought and sold for cash or onmargin.
J. D. Pbince, Jas Whitely, H. Crugeb oaklet,Harry C. Logan, Maynakd c. bybe.
W. R. Tkavers, Special Partner.
Prince & Whitely,No. 64 BROADWAV, NE\ir YORK.
(Branch Office, 180 Fiftli Ave.)All classes of Railway and Mining Stocks boujcht
and sold on Commission.Private Telegraph Wires to Philadelphia, Wilming-
EDISON. BRnSH. UNITED .STATES, FUIXBBSTOCKS FOR SALE.
STOCKS and BONDSAt Auction.
The Undersigned hold REGULAR AUCTIONSALES of all classes of
STOCKS AND BOSTDSON • •
WEDNESDAYS AND SATURDAYS.
ADRIAJW H. inVLLER & SON,No. 7 PINE STREET, NEW YORK.
Decbmbkk a, 1882.] THE CHRONICLE.Financial.
Bankers' Safe Deposit CoVSITED BANK BVILDINO,
Cor. Wall Street and Broadivay.
s a"f~e sOF MOST APPROVED CONSTRUCTION FOBBankers, Brokers, Merchants, &c,
DEPOSIT YOUR SECURITIESIN THE
State Safe Deposit Vault,Cor. fVUllam St. & Excbanse Place,
Under tho National Bank of the State of New York.
BVRGLAR AND FIRE PROOF.
AMERICANFINANCE COMP'Y,
5 & 7 NASSAU ST., NEW YORK,31 S. TIIIUU ST., PHILADELPHIA.
PUltTLAND BLOCK, CHICAGO.
Capital Slock, - - « 91,000,000
eOUNL) INVESTMICNT SECURITIES furnishedto Corpifrate and Private Investors.
CAPITAL KURN18HKO Ol PROCURED for
Railroad Companies havtnK Hnes under construo-
tlon, and their Uonds purchased or neKOtiated.
FlNA^ClAL NEGOTIATIONS conducted for
Counties, Tt^ns and Cities, and for Railroad Com-panies and other Corporations.
WILL CONDUCT TUB FINANCIAL RE-OR-OANIZATION of Railroad Companies and other
Gorporattons whose property U in the hands ofReceivers or Trustees.
WILL BUY AND SELL IN V^BSTMENT SECUR-ITIES on Commission.WILL BUY OR SELL DBFAULTBD BONDS or
convert them into interest-paying investments.Circulars and other Information furnished on ap-
plication.
JOHN €. SHORT* Prentdent.JOHN C. NBW. VIce-HreMldent.Win. P. WATSON* Sec'y aud Treas
JBonclss ot'sSviret/^'sliip,
FIOEL.I rr &, CASrALTV CO.OF NEW YORK.
Assets 1400.000 00Capital inve.Ht«a in U. S. Bonds iioO.OOO 00On deposit with insurance Department., luo.uuu 00uniciuls ol HunkH. liuiirouUs iinU 'I ninspurlHtion
Companies, ManaKers, aecretarlus and Clerks ofPuuliu Cumpunitjs, Instituilous and CotumercialflriiiB, can ubtuin ttecurltjr from this Company atmoderate cburyes.
X tic o.vn>i!tul thim Company are accepted by theCourtb of tiie Slate of New Yorlt.
KliIi Inlormutiun as to details, rates, &f\, can beobtained on application to bead otnce, I7v tiruad-wuy. N. Y.Wm. m. Kichakds, Prest. John M. Chanr. Keo'y.
H. Bi.ACK and W. Uahvey Lejc, Inspeutors.DiKKCiUit^—oeofKe T. Hope.O. u. Williams, Ueo.
S.Coe, Charles Dennis, J. S. T. Striinahan, A. B.Hull, A. 8. Barnes, S. H. Chittenden, li. A. Uurlbut.W. G. Low, David Dows. J. D- Vermllye, Alex.Mitchell, Wm. M. Richards.
Bonds of SxiretyshiipFOR OFFICERS AND EMPLOYEES IN
POSITIONS OF TRUST.
The Guarantee Co.OF NORTH AMERICA.
Cash Capital (800.000Cash Assets over 87S,000Deposit witli Insurance Department 200,000
President
:
llanasing Director
:
8ra. ALKX. T. Galt. BDWAKI) Rawukos.NEW YORK OFFICE;
No. 178 BROAD^VAY.Nkw York Dihkctoks.—Josepli W. Drexel, A. L.
HoplKins, U. Victor Newcomlj, Jolin Paton, DanielTormuce. Edw. F. Wlnslow. Brastus Wimau.
Transacts no other business.;
The Brooklyn Trust Co.Cor.of Montasue i, Clinton sts., Brookirn, N. T.
This Company is authorized by special charter toact as receiver, trustee, guardian executor, or ad-ministrator.
It can act as asent in the sale or manai^ement ofreal estate, collect Interest or dividends, receiveeglstry and transfer tiuoks, or make purchase andale of Government and other securities.Religious and charitable institutions, and persons
anaccustomed to the transaction of business, willfind this Company a safe and convenient depositoryor money. CHAS. R. MAKVIN. Vlce-Pres't.
TUU8TKE8;Wm. B. Kendall. Henry Sanger, Alex. McCue.John P. Kolfe. Chas. K..Marvin. A. A. Low.B. F. Knowlton, Abm. B.Baylis, Henry K.Sheldon.HflCPierrepont, Dan'lChauncey. John T.Martin.AI.X. M. White losiah O. Low, Kdmund W.Corliei
Frederic Cromwell.BIPLEV ROPES. President,
_ „ WM. R. BUNKBU. HecretWT.HoniT N. BkuF" Comptroller.
Financial.
The New EnglandMortgage Security Co.Offer for sale AT PAR and accrued Interest from
July 1
6 per cent 20year Konds, $1,000 each,SECURED BY FIRHT MoltTGAOES ON
IMPIKIVKI) FARMS.Guaranteed. Princl|ial and Interest, by Its
CAPITA E. STOCK OF $1,000,000.Interest Coupons payable Jan, 1 and July I.
Bonds registered to order or payable Ut bearer atoption.
A pamphlet with full information will be sent onapplication to the company's othce.
43 niLK NTilia^T, BOSTON.DIUKCTOUS.
Hknbv Sai.tonhtai.l, Austin ConKinr,E. EI.LKIITO.V PKAT-r, J. BAXTKIt UPUAM,I. D. FAllNSWOinil. Gll.MAN S. MUULTON,
('IIARI.KS 1,. Fl.I.VT.VICF^PRKSIDK.NTS.
THOMAS WIOOI,E8WORTH, (JKO. C. RICBARD80N,BU8HA Atkin». John Wkrktkk,
AHOH T. rROTUINr.lIAM.CHARLES L. FLINT, President.J. K. F. BREWSTER, Treasurer.
Metropolitan Trust Co.,17 Nassau St., New Yark.
PAID UP CAPITAI., 91,000,000.Designated as a legal Depository by order of Su-
preme Court. Receive ileposits of money on Interestact as fiscal or transfer ag*Mit. or trustee for corpora-tions and accept and execute any legal trusts frompersons or corporations on as favorable terms asother similar companies.
TH().MAS UILLHOU8B. President.FRBDBUIC D. TAPPKN. Vlce-PresldantWALTER J. BRITTIN, Secretary.
BKTA BLIHHK l»
1864.
Coleman }3enedict & Co.No. 24 BKOAI> ST., NEW YOKK,
»t'l'0<:i«» AND UONDI^,.MBMBERS OF THE N. Y STOCK EXCHANOhA strictly commission business conducted in the
purchase and sale of Stocks and Bonds on Marginor for Investment.Complete h'lnancial Report Issued weekly to oar
correspondents.
WAL8TON H. Brown. Fred. a. Brown.UXHBIBT P. Brown.
Walston H. Brown& BrosBANKERS,
No. 30 Nassau Street, Neiv York.SPECIAL ATTENTION GIVEN TO THE NEGO-
TIATION OFRAILROAD SECURITIES.
~R.J.
Kimball & Co.,BANKERS AND BKOKKRS
No. 40 BROADWAY, NEW YORK.Thirteen Years' Membership in New York Stock
Exchange.R. J. KlHBAUU A. B. IjOnNSBERY, F. B. BALLARD
Members N. Y. Stock KxchauKe.
J- M. Gillespie
INSURANCE SCRIP, Ac,
No. 4 HANOVER ST., NEW YOKK.Member of N. Y. Prodnoe and Maritime Bxchangeo.
E. S. Bailey,7 PINE STREET.
DKALINOS ININSURANCE STOCKSA SPECIALTY.
Cash paid at once for the above securities ; or theywill be sold on commission, at seller's option.
E. A. Mauriac 6c Co.,BANKERS AND BROKERS,
No. r Wall Street.
RaUroad, Mining, and other Stocks, Bonds, eto«bought and sold on Commission.
B. A. MAURIAC. Member N. Y. Stock Biohange.SYDNEY BI8U0P. M. M. UOWLAND.
Cloanty, Cltyi&Towu liondiiai Weat. !4tate«..'Wisconsin Central HR. Old Land Grant Bonds
St. Joseph & Western RR. Stock.St. Joseph & Pacidc RR. Bonds.City of St. Joseph .Mo.. Old Bonds.International Improvement Co. Subscriptions.Brooklyn Klevated RR. Securities.American Cable Co. SubscriptioNS.Midland Railroad of N. J. Securities.Chicago & Grand Trunk RR. Securities.South Carnliiia RR Securities.Grand Rapids & Indiana iiXi. Stock.Cinoinnall itichmond & Fort Wayne StOOk.
Jtouittai bT W.n. It. UTl.KV,Nu 31 PlNu; ETHBVT. NBW YOSK
nnanclal.
Taintor & Holt,BANKEB8,
M». 10 WALL 8TRKBT, MBW YORK.TRANSACT sOBNKHAL BANKING bnslneM.DEPOSITS received sad INTKRHUT allowed OS
balances.
Buy and sell GOVHRNMBNT, MUNICIPAL sndRAILROAB Bonds.Private teleanph wires to ProTldenee sad Boston
O. B. TAINTOK. ORO. H. HOf/P
Caldwell, Hay & WashburvBANKERS A BROKERS.
UNITED BANK BUILDING.Broadwar and Wall Mu
Transact a general Banking Business. Inoludlnsth*Purchase and Sale of all Securities dealt In at theNew York Stock Bzchange.Interest allowed on deposits snbjeet to stirbt draft
Cbas. B. Cai.Dwci.1., late West h Caldwell.SILAB C. Hay. Member N. Y. Stock Kxchange.l,ANBiNa C. WAMUUuaN, late Wtaittiostuim A
ne«ft In Kailwar Shares and Bonds and fifiTomnunsecurittea.
LntereBt allowed on deposit*.
lnTe»tments oarefullv att«udeJ to.
A. H. Brown & Co.,BANKBR8 AND BROKERS,
1 Wall ttt.. Cor. New, New York.INVBSTMBNT 8BCUMTIBB.
Special attention to bnslnaas of oonntrr banks.
REED & HURLBUT,S3 WIIiLIABI STREKT.
FIRST-CLASS
Investment Bonds. ^,
Geo. K. Sistare's Sons,ir NASSAU ST., NKW YORK,
DEALERS IN
FlR!»T-CL.A!i«i I.WESTMENTS.Bu7 and Sell on CummlBston, for cash or on mftr-
ein.all securities dealt in at the New York Stock-JCxchauHt:.
Interest allowed on dalty^ balances.
All deposits subject to check at sight.
Particular attention to orders by tanXX or tele-
graphy^
J08KPH F. LLOTD. W. C. MCKKAlfMember Of N.Y. 8took JEz<A%tb
Lloyd & McKean,No. 34 \rALI. STREET, NEW ¥OBK.
BUT AND SELIy—ON COMMISSION
GoTeminent, Ralltvaj and niaceUa^neons Secarltles.
W. E. PXABL. DTER PKARL,MemberN.Y. Stock'
Pearl & Co.,BANKERS AND BROKERS,
16 BROAD STREET, NEIT TOBK.Stocks and bonds bought and sold on commission.
Interest allowed on deposits subject to sight draft.Letters of Inquiry cheerfully answered.
Wh. M. Earl, A. H. Dayton. Obo. H. StatnbkMember N.Y. Stock Bxch. Special.
Earl & Dayton,BANKERS AND BROKBRB.
eO TO S9 DRBXBL BUILDINO,New York.
STOCKS AND BONDS BOUGHT AND BOLDSTRICTLY ON COMMISSION
Randall & Wierum,50 EXCHANGE PLACE,
lirokers in Knllroad Stocks and Bonds,aOVERSMmHTS A rOREIOh EXCBA-HQK.
CBAS. K. RAMIIAL.L., OTTO c. wnBcmAibuiber N. ?. stock Exchange.
I THE CHRONICLE. [Vol. XXXV
Financial.
Louisiana Bonds.OrricB STATE TiiEAsrnKn, 1
Baton Kooob, Nov. 15. isHa. s
In »coordanoe with tbe provUlonn of Act No. 77, of
laMsaoeptlncapropoaitlon made by the bondhold-
VI for a aettlement of the bonded debt of Louisiana,
kiten»t will be paid bj the Bank of New York on the
eoDSOlldat«d bonds of the SUte of Louisiana, at the
mta of TWO I'KK CENT per annum, from January
1, 1880. to July 1, 1882, Inclusive, on the presenUtlon
•nd farreoder of the 7 per cent coupons maturing
Jmly 1, 1880, January 1, 1881, July 1, 1881, January 1,
1882. and July 1, 1882, coupons numbered 13, 14, !»•
Kaid puymonts will not Impair or novate any right
of the holders of bonds accepting the siime, or their
assigns. In case the proposed umenflment to tne l^on-
•tltutlon rclBtlvo to the Stiile delit ordinance, be not,
on submission to the people, duly adopted, rhocoupons surrendered will not be destroyed or defaced,
but wlU be preserved and kept In packages for Identlfl-
Upon the adoption of the amendment to the Con-
atltitlon, to be voted upon In April, 1HS4. said consol-
idated bonds will as presented be stamped—"Intere.-t reduced to two per cent per annum for
flve yoaia from January 1, 1880, and four per cent per
annum thereafter." B. A. BUKKB,•uuuu. ».wState Treaauer.
THE INTEREST 0!V THE FOl.I-O'W.I\(J bond.s is payiible at the biinkintr house of
Messrs. WINSLOW. LANIKR & CO.. ounicr of Nas-Bau and Cedar Streets, New ITork City, on and afterDecember 1,1882:Cincinnati Richmond & Fort Wayne Railroad Co.—
First Mortgage 7s.
Marlon County, Indiana-County 6s.
Mineral Range Railroad Co.—First Mortgage 8e,
Montpeller, Indiana-School 8«. „
Pittsburg Fort Wayne t Chicago Railway Co.—First Mortgage 78, series F.Seoond mortgage 7s. series M.
BIchratmd, Indiana, Township
—
Township 8s.
St. Charles Street Railway Co., of New Orleans-First Mortgage 68.
DECEMBER 9.
TennilUoB County, Indiana-County 78.
DECEMBER 10.Hancock County, Indiana-
County Qs.
T>OCHEST£R dc PITTSBURG RAII.-BOAO 00.. New York. November 28, 1882.—The
B6LbHB8 (f the INCOME BONDS Of the Roches-
ter & PtttAtUg Railroad Company wUI receive im-
portant hrfonnation requiring prompt attention, by
either oallkog personally or sending their addrees
to the Tiengurer of the Company,
^^ FRED. A. BROWN,20 Nassau Street, New York.
NORTHERN PACIFIC RAII.ROAI>COMPAN V. THKAStiKEK's OPFiCE, No. 17 Broad
Street. New Yorli. November 18. 1882.A Dividend of KLEVE.N AND ONE TENTH Per
Cent has been declared on the Preferred Stock ofthis Company, payable at this office on and afterMONDAY, the IStli day of January next, to theholders of said slock of record Dec. 10. 1882, in flveyears' 6 per cent obligations of the company, dated
The transfer books of the preferred stock will betioeed at three o'clock in the afternoon of Saturday,the 9th day of December. 1882, and reopened at teno'clock In the forenoon of Tuesday, the Ittth day ofJanury, 1883. B.L.BELKNAP,
1 Treasurer.
New York, November 29, 1882.
QALVESTON HARRISBVRG Sc SAN^-^ANTONIO RAILWAY CO. Second MortgageCoopons, due Deo. 1. will be paid on and after thatdate at the ofBce of Messrs. Drexel, Morgan & Co.,comer of Wall and Broad Streets, New York.
T. W. PEIRCE, President.
OREeON RAILW^Alf & NAVIGA-TION COMPANY. NKW YOIIK. Nov. 20, 1882.A SPECIAL MKETING of the StockholdJrs of
this Company will bo held at Portland, Oregon De-cember 0, 1882. * '
The traaafer books will close for this purrose No-Tember 28 and reopen December 12.i- »^ -"v
T. H. TYNDALE,Assistant Secretary.
BEGON I.nPROVEinENT CO]n-PANY,NewYokk,Nov.21. 1H82.The Coupons of the Company's First Mortcaue
Bfods. duo December I. 1882, will be paid at thloffice of the Farmers' Loan & 'I'rust Comnanv onand after that day. T. H. TYNDALE? ^____^ Secretary.
To Investors.BROOKLYN ANB NEW YORK
SECURITIES.FRANK B. BEERS, city bonds,• 16 Court St, 81 Pine St.,
BftlOOKLYN. NEW YORK.
GAS STOCKS,RAILROAD
STOCKS.
J. C. chew,Ho. 7 WALL STREET, NEW YORKVMXAS RAILWAYS,
„ , ., ^BONDS, LANDS, &c.
.tSJ&TonliS.""^"'"'"•' *" l»Te.tmentcon-
Fiuancial.
Mortgages on FarmsAND
Kansas City Real Estate,
NETTING SEVEN PEE CENTSemi-Annnal Interest to InTCstors.
We negotiate T>oans on Improved and productivefarms In the best portions of Kansas and Missouri,worth from three to tive times the amount loaned.Acknowledged u> be the most SAKE and PROFIT-
ABLE form of Investing money known.In an experience of many vears and loaning two
million dollars. n(»t one dollar lost.
We assume the responsibility of MAKING ONLYSAFE LOANS; of collecting the intereitt and prin-
cipal and remitting to investors, FREE OF CHAKtJK,and in case of any tr<mblo or delay in making suchcollections, AOUHKlNtJ TO STAND ALL EX-PENSK a»d SHIELD INVESTORS FROM LOSS.TITLES GUARANTEKD. ALL FUNDS PROMPT-LY PLACED. Write (or circular and full particulars,stating amount' you would wish to invest on satisfac-tory evidence us to securities, titles, &c. Address,
H. P. MORO AST,OENERAL AQEST FOB JYBIT ENGLAND
W^ESTERLY, R. I.,
ORJARVIS, COIVKLIN & CO.,
LOAN BROKERS,
KANSAS CITY, miSSOURI.
December Investments.Clev. i Pittsburg Con. and Equip. 7s, 1913.California Pacific Railroad Isls, Gold, 7s, 1887.Dayton & Michigan 2ds {now Ists), 7s. 1884,Chicago & Northwest. Extension 7s, 1885.Union & I.ogansport 1st 7s, 1905.Columbus & Indianapolis Central 2d 7s, 1904.Columbus & Uocking Valley 2d 7s, 1892.Columbus Hocking Valley & Toledo Cons. 5a, 1931.Grand Rapids & Ind. Guar. Land Grant 1st 78, 1899Northern Pacillc (Pend d'Orellle Div.) 1st Os, 1919.Noithern Pacillc (Mo. River Div.) 1st 6s. 1919.Holly W. & Mon. (now K. & P. M.) Ist 8a. 1901.United New Jersey Gen. 6s. 1901.Columbus & Toledo, 1st 78, 1905.
CHAS. T. WIKO,fWlth A. M. Kidder & Co., Bankers,)
No. 18 TTALI. STREET.
Prentiss & Staples,
No. 1 1 W^ALL STREET, filEW YORK,AND
208 raONTAGUE ST., BROOKLYN.
OAS STOCKSAND
GAS SECURITIES,Street Railroad Stocks and Bonds,
AND AIX KINDS OF
BROOKLYN SECURITIESDEALT IN.
SEE GAS QUOTATIONS IN THIS PAPEB.
Geo. H. PRENTisa, CYRcaE. staples.Member N. Y. Stock Exchange.
Car Trust Bonds.wb make a specialty op these ybrt
safe securities, and boy and sell sameat market prick.wk offer a limited amount of desir-
able car trust issues, additionallysecured by the dirkct obligation okthebailroad equipment co.hpany.
POST, MAitTlX Sc CO.,34 PUfE STREET.
For 8ale-*4,000 Eighth Avenue Railroad Bonds.
J. P. WIBfTKUVOHAM.GAS, INSURANCE, BANK STOCKS,&c.
SECUBrriKS bought at the auction sales.36 PINE STREET, N. Y.
See advertisement In the Journal of Commerce.
N. T. Beers, Jr.,
Brooklyn SccorUIes, City BondsGas Stocks, &:c..
No. 1 NEW STREET,NKW YORK.
Financial.
Little Miami RR. Co.
Slj^OOjOOOFIKST MORTGAGE FIVE PER CENT
RENEWAL BONDS.
To provide for payment of all of their present out-atanding mortage Indebtedness, proposals are Invited
by the directors of the Little Miami Railroad Com-pany (of Ohio) for the purchase of all or any part ol$1,500,000 bonds of their road, dated November 21882, and running thirty years, with interest at FIVBper centum per annum, puyable in New York eemlannually, secured by mortgage, which will be thefirst and only mortgage on the road and Its appurtenanees.
Bids must be made In writing, and will be reoelred
at tbe oCdce of the company, l^afayette Bank Build-
ing, ClnelHnatl. until noon of FRIDAY, Decembear15, 1882, The bonds will be in denominations of
$1,000 each. Accrued interest must be added to alt
bids. The right to reject any or all bids, or to acceptthem to a part only of their amount. Is reserved.
Payment must be made by April 14, 1883, or may b«made earlier In instalments, at the convenience of
the purchaser.
Further Information, together with statistics Ofthe road, will be furnished upon application to S. BWright. Treasurer L. M. RR. Co., Cincinnati, Ohio.
By order of the Board of Directors.
HENRY HANNA,Vice-Pres't L. M. RR. 0».
Albert E. Hachfield,17 NASSAU STREET.
Bonds and Investment Securities
WANTED:Indianapolis & St. Louis Ists.
Joliet & Northern Indiana Ista.
Cincinnati Hamilton & Dayton Bonds.
Central American Transit Stock.
Mexican (Corties) Bonds.
Ko. 21 NASSAU STREET,
DIEAljm IN
CITY RAIL.WAY STOCKS.GAS STOCKS.
Telegraph and Cable Stock*.
TKUST COS.' STOCKS.
Bank Stocks. Insurance Stoek«;.<'
CITY OF MEMPHIS13 O IV O S .
$5,000 Memphis Compromise Sonde.
$5,000 Memphis Old Bonds.
WANTED BY
TOBEY &, KIRK,4 BROAD STREET.
(ROOM 9.)
Francis Smith 8c Co.SEL.ECT£D
9IORTOAOE L.OASrS.
Indianapolis, Ind.; Columbus, Mlsa.;.
moutsomery, Ala.; Vlcksburg, miss.
NORTHERN, 8 PBR CENT NET.SOUTHERN, 8 PER CENT NET,
Spencer Trask.Oeo. F. Peabody. Fred. B. Noyet.
Spencer Trask & Co.,.
BANKERS AND BROKEBSy70 Broadway, New York City.
Transact a general Banking Businest
Stocks Bought and Sold on Margins.
Interest allowed on Deposits.
Branch Offices,
Connected by Privale Wires,
Philadelphia, 132 S. Third St., C. F. Fox.
Albany.N. Y.,65 & 67 State St.,W.A.GEAVBa
Saratoga, N. ¥., Grand Union HoMi
aittrfl*
HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMxMERCIAL INTERESTS OP THE UNITED STATESlEntered, according to act of ConKreas, in the year 1882, by Wm. B. Dana &. Co., In the office of the Librarian of Congrees, Washington, D. 0.|
VOL. 35. SATURDAY, DECEMBER 2, 1882.: NO. 910.
CONTENTS,THE CHBONieLE.
The Financial Situation 615irew Yorlc Lalie Eric & West-em 617
overnment and the Tele-graphs 618
Land Sales 619
Financial Review of Norem-lior, 1882 621
Mouotary and CommercialEnglish News 622
Couihiercial and MiscellaneousNews 624
THE BANKERS' GAZETTE.Money Market, Foreign Ex-change, U.S. Securities, Stateand Railroad Bonds andStocks 626
Range in Piices at the N. Y.Stock Exchange 627
THEOommerolal Epitome 639Ootton 639
Railroad Earnings and BankReturns 628
General Quotations of Stocksand Bonds 629
Investmeuts, and State, Cityand Corporation Finances.. 635
COMMERCIAL TIMES.BreadstuBs 644Dry Goods 645
"Thb Commercial and Financial CHBomcLB is piMished inNew York every Saturday morning.
<l Entered at the Poet Office, New York, N. Y., as second-class mall matter. |
TERMS OF SUBSCRIPTiON-PAYABLE IN ADVANCEiFor One Year (including postage) ¥10 20.For Six Months do 6 10.Annual subscription in London (including postage) 42 7s.Sixmos. do do do 1 88.
Subscriptions will be continued until ordered stopped by a writtenorder, or at the publication office. The Publishers cannot be responsible•tor Remittances unless made by Drafts or Fost-OtUce Money Orders.
l4lTerpool Office.The office of the Chronicle in Liverpool is at No. 5 Brown's Build-
ings, where subscriptions and advertisements will be taken at theregular rates, and single copies of the paper supplied at Is. each.A neat tile cover is furnished at SO cents : postage on the same Is 18
cents. Volumes bound for subscribers at $1 00.
WILLIAM B. DANA <c 00., Pnblisharl,79 fc 81 WUliam Street, NEW YORK.
Post Office Box 958.
-WTLUAM B. DANAiOHX a. FLOTD, I
THE FINANCIAL SITUATION.Although there has been some recovery during the past
week, both in values and in the tone of the Wall Street mar-
kets, the feeling which prevails is far from settled or satis-
factory. The very fact that the railroad war can continue
80 long, threatening so great harm over so wide a field, in
a season when merchandise is moving so freely, is a dis-
turbing feature. Besides this, the variances and disagree-
ments between other prominent operators in the market
;
the peculiar condition of important properties such as Tele-
graph and Elevated Railroad stocks ; the railroad commis-
sion bill which goes into operation with the first of
January ; the interference of the Attorney-General of the
State in stock speculations; and the increasing frequency
of failures in commercial circles;—each of these has added
its portion towards preventing the return of that confidence
which so many have anticipated.
The truth is, th« influence of the present railroad war
reaches beyond the stocks directly affected, and really
beyond J,l^e settlement which may be soon made. It
shows how largely under existing pooling arrangements
the market values of .all. stocks are at all times at the
mercy of jmy one specu^tive manager. It was supposed
•that Buqh marvelous activity in the movement of mer-
(liaudise &3 we haye this season, furnished a guaranty
against cutting rates. This belief can be no longer enter-
tained. In fact, it looks now as if one road by persist-
ently prolonging a dispute, could even in this year of plenty
throw the entire traffic arrangements, east and west, into
confusion; and the argument is, if this is possible
with tonnage so abundant, what may we not expect
any subsequent season of less activity. Pooling arrange-
ments seem necessary, or else there would be no uni-
formity in rates. But while the chances of disagreement
are so great not only through bad or specslative motives,
but also through the extension of systems by new con-
struction constantly in progress or by lease and consolida-
tion—rival roads thus encroaching upon one another's
territory—the present system of adjustment seems very
weak and faulty. There is certainly room and need for
some new form of agreement with a sufiScient forfeiture to
'
prevent one road thus destroying at will all the hopes of a
year. ^The other unfavorable features mentioned above would
not probably have any great weight in depressing the
market had not this rate war disturbed all calculation!
and disposed the public to take an adverse view of the
prospects. Still there is, as stated, an irritable feeling
among operators and a less profitable state of commercial
business, which do not encourage speculative movements,
and, for the moment at least, help to prevent the morepropitious circumstances from having their due influence.
The action, also, of the Attorney General in the MutualUnion matter is unfortunate and not reassuring. Had he
simply stated that there was, in his opinion, sufficient
grounds for asking leave of the court to bring the action
his course would not be so open to criticism. But whenhe decif'.os that the act in question is a " usurpation of
" power in direct hostility to the letter of the statute,"
and that "it would be a mere evasion to deny the
" application," he puts himself in a very false position
—
one that will make him appear much like a paid counsel
should the courts of higher resort decide that his view is
an incorrect one. Besides, the conclusion from his action
is that any company which misinterprets a statute—and
therefore, through a mistaken idea of the law, makes ^n
illegal issue of stock, however small or large—forfeits its
charter, which is in itself an absurd proposition, and
might in its consequences,, upon many other stock hold-
ings and stock properties, be" very disturbing and
disastrous if sustained.
But notwithstanding Wall Street has been unfavorably
influenced during the week by the rate war. and the <jtEer
events referred to, the railroad earnings tave kept up
remarkably well and afford very promising indications so far
as that feature goe8,ag to the future value of good properties.
61
B
THE CHRONICLE. (Vol. XXXV.
Hence, when on Monday it was understood that negotia-
tions had been opened for a reference of the disputed
points to arbitration between the belligerent roads in the
West, it was an easy matter to turn prices upwards while
the shorts were covering. In the evening, however, of
that day the announcement was made at the up-town
hotels, where brokers and speculators assemble for the pur-
pose of trading upon whatever fact qr gossip they can
gather, that Mr. Porter, President of the Chicago St. Paul
Minneapolis & Omaha, had positively refused to negotiate.
The reason given for the interruption in the nego^
tiations was the discovery of the fact that the Chicago Mil-
waukee & St. Paul had bought the Chippewa Valley &
Superior road, thus encroaching upon the territory
of the Omaha, and threatening competition with that
company in its efforts to secure a title to the North Wiscon
sin land grant, which embraces some of the most valuable
timber land in that State. It was alleged by Mr. Portet
that this was an act of treachery on the part of the St.
Paul managers, and that in consequence of it he declared
that he wouki continue the fight. Under this new aspect
of the contest, speculation was very unfavorably influenced
at the opening on Tuesday, but the decline was subse-
quently arrested, mainly by an unfounded report of the
resignation of Mr. Porter. When this rumor was denied,
the speculators for at advance selected two or three spe.
cialties and, by carrying them upward, succeeded in keep,
ing the market generally strong for the remainder of the
day. On Wednesday afternoon the news that $4,600,000
bonds embraced m the order for redemption issued on
Saturday had been presented for payment, had a favor,
able effect, giving promise of easier money, until the last
half hour of business, when there came a fractional de.
cline, claimed to be the result of the customary ante-holiday
realizations. The understanding at the close of Wednes-
day was that there would be a conference at Chicago on
Saturday, when further eSorts would be made to settle
the war. Friday repeated the story of the previous days
—a variable, unsettled market, with the close at the lowest
figures of the day.
Money has been comparatively easy this week, mainly
the result of the absence of manipulation, and it is proba-
ble that some of the funds which were withdrawn from
the street for speculative purposes have been returned this
week. The short interest in stocks will also account for
the decreased demand for money. The payments by the
Assistant Treasurer for bonds redeemed amounted to
$2,067,850 on Monday, but the redemptions were only
$270,500 on Tuesday. On Wednesday $4,600,000 bondsembraced in Saturday's order were presented for redemp-tion by a Brooklyn savings bank. The payment of in-
terest on the 4^ per cent bonds commenced on Friday.
This amounts to $2,812,500. Including the checks given
on Wednesday for bonds and interest, the payments bythe Sub-Treasury for the week foot up $9,263,871 27,
which calls for a large increase in the reserves of the
banks this week. The actual 'loss by the Treasury duringthis time, as nearly as we caif "itiake out from the figures
that have been furnished us, aggregates about three million
dollars. The following shows the interior movement.
ReeeipU at and Shipmenttfl-omlf. T.
Correiioy .
Gold
Total.
Received.
«l,851.00O
14,000
$l,(J6,=j,000
Shipped.
$831,000.594,000
$l,425,OU0
Last week's bank statement was made up on rising
averages, and, considering this fact, and also the largedisbursements by the Treasury on Friday, the whole ofwhich will not appear in to-day's return, thus causing this I
week's statement to be likewise made on rising averages,
the following will indicate the character of the return.
Inin Banki.
$3,000,0001,866.000
Out0/Bank* Net eain.
Sub-Treaaury operations, net... t 93,000,0001,425,000 440,000
Total S4,86.'j,000 *1,4250IIO $3,140,000
The Bank of America paid out $450,000 gold on ac-
count of the associated banks during the week, andreceived nothing in return.
Foreign exchange was reduced on Monday and wasweak until Wednesday, when there was a recovery
under more active money at London and an easier
money market here. If any gold has already been sent
out from London, the shippers and consignees have not
reported it. That some will speedily come as an exchange
operation is confidently expected by leading bankers, whoregard Wednesday's advance in the rates for sterling as
merely temporary, and likely to have the effect
of bringing out a liberal supply of bills. Cotton
is moving freely, drafts continue to be made against
purchases of outgoing securities, and the demand from im-
porters is very light and will probably not be sufficrent to
absorb the ofierings. About the oniy thing which can
retard this movement of gold is a higher rate for moneyin London. Until Tuesday the rate in the open market
was less than 4 per cent, but Wednesday morning's cable
reported an advance to 4^ and the movement appeared to
have caused a temporary decline in consols. This fall in
the English funds was, however, followed by a recovery
at the close of the London market, and this may have
been induced by the advance in sterling here which for
the moment relieved apprehensions of a drain of gold.
The following, showing relative prices for leading securi-
ties in London and New York at the opening each day,
indicates the profit in cable transactions.
0.8.48.C.
U.S.3^8Srle
3(1 con.
til. Cent.
S. r. C.ReadingOnt.W'nSt. Paul
Bzch'ge,
cables.
Km. 27.
LOTWt'll
vrices.'
11894100-98
36^6t9V.4144 43
123 65
2524+26 94
100-49
K.Y.prices.
118^10I9<
mi143
12m49«
100
4-85>^
LoTid'n
pricefi.*
118-09
101 00
3637t95 5t145-50
128-76
25-48 >
2691101-85
N.r.prices.
118%
1015i
3SHlOO
14S«127>«
4^«nanlOlK
Lond'nprices.
118 91
100 9836-25
t96 03
14526
129 7325-94+
27-16
103-79
N.T.prices.
n6%lOlJi
385f
100
143
129)i
5094
26!*
102H
Dec. 1.
Lon4*?<
prices.'
119 30101-22
37-01
9T2-2*
146-13
130-84
26 2;-f
27-18
103-89
N.T.prices,
n»HlulH
37H9CJ4*
144«ISOM52
27H102«
4-8SX
* Expressed in their New ¥ork equivalent.* ReadinR on basis of $50, par value. t Ex-interest.
The Bank of England gained £285,000 bullion during the
week, and the proportion of reserve to liabilities was in-
creased 1| per cent. The Bank of France reports a loss of
5,725,000 francs gold and of 575,000 francs silver. TheBank of Germany, since last report, exhibits a gain of
14,120,000 marks. The following shows the amount of
bullion in the principal European banks this week and at
the corresponding date last year.
Bank of England....
Bank of FranceBank of Genuanj ..
.
Total tliie weekTotal previous week.
ifoc. 30, 1882.
Sold.
20,720,957
38.513.369
6,645,600
Silver.
43,948,08
19,936,500
ti5.879,826 63,884.587
65,678,797 63,461,720
Dec 1, 1881.
aold. Silver.
M20,588.703
25,569,4.56
6,670,500
52,828,6r9 66,891,80652,593,153 66,856,970
46,880,30620,011,500
Qp* Tlic ubove 4;ol(l aud silver division of the stookof coin of theBankof Ueruauy 13 merely popular estimate, as the Bank Itself gives noInformation on tbut point.
The Assay OSice paid $176,764 through the Sub-Treasury
for domestic bullion and the Assistant Treasvirer reoeived
""The company is still actively engaged in making im.
provements where necessary, and during the year lately
closed spent no less than $2,716,080 for this purpose.
But the need here is not what it formerly was, and, as the
report intimates, the development of the road's business
»nd connections is therefore receiving a greater share of
attention. The coal traffic having become so important,
extraordinary efforts are being made not only to retain
that already in the road's possession, but also to increase
the amount. The President furnishes interesting informa.
tion as to what has been done in this direction during the
past year. Arrangements were made to extend the Brad-
ford Branch, so as to malce available 36,000 acres of coal
lands which the company owns in Jefferson, Elk and Mc-
Xean counties in the State of Pennsylvania. The company
also concluded a contract with the Pennsyl-
Tania Railroad, by which the latter builds a
amall piece of road to connect this Bradford
branch with the Allegheny Valley road, and that, whencompleted, will give the Erie not only a line to its coal
lands, but all the way to the great manufacturing city of
Pittsburg, This should certainly prove a very valuable
connection. Then by a contract made the first of last
May, the Lehigh Valley, a heavy coal producer, agrees for
10 years to give the Erie all its traffic—which the Erie
formerly received only in part—for points west. An agree-
ment has also been entered into with the Pennsylvania
Coal Company, insuring to the Erie the entire production
of that company's collieries iu Eastern Pennsylvania,
whether bound east or west. Another of the year's
achievements was the purchase of the control of the Bloss-
burg Coal Company, by which the Erie secures 66 miles of
railroad and 28,000 acres of coal lands, producing, it is
sUted, 400,000 tons of coal annually. "With its position
thus greatly extended and strengthened on coal traffic,
with a prospective outlet to Pittsburg, with its ChicagoAtlantic road to Chicago (nearing completion), and&
with lines to Cincinnati and Indianapolis over the Cincin-nati Hamilton &, Dayton, the outlook for the Brie wouldcerUinlyaeem to be more cheering thap for a, long timepast.
GOVERNMENT AND THE TELEGRAPH^.Board of Trade and Tr&naportotion is the comprehe:
sive misnomer of an .organization which has just receivedfrom itB leading j»ei?ibef, and made public, a report in(avor of the purcljase qL all telegraph Unes by the Federal
Government. It has been stated in a Washington dis-
patch to one of our daily journals that this subject will b«favorably discussed in the coming report of the Postmaster-
General; however that may be, the scheme is one that
has frequently come up of late and will, we suppose, be
constantly revived in varying form so long as there is
any hope of its adoption. For among a certain class there
is a continual pressure to have the General Governmentnot only take up the transportation problem but go into
all sorts of things which, it is assumed, are proper andfeasible for such a union of exhaustless money, wisdom,
goodness, and power, as many people apparently in[iagine
" government" to be. Hence to point out, over and over,
the fallacies and risks in such schemes is a duty not to beavoided.
In assumption of the telegraph business, these begin
with the first step. If Government acquires the existing
lines, it must seize them or buy them. If it buys, it must buyat tiieir nominal value. Conceding that such purchase
would carry with it the almost indispensable patents
owned by the lines, this would involve paying 100 millions
or so for property which those who oppose the telegraphs
when they are anti-monopolists, assert could be duplicated
for say one-quarter of that amount. Hence this anti-
monopolist organization virtually makes the proposition,
that Government shall buy telegraphs for three or four times
what they cost to build and would cost to duplicate now.
Of course that means that the Government is to reward
and encourage stock watering. Some, however, to avoid
this inference propose that the Government take
the old telegraph lines at its own valuation and suppress
new organizations. Would not that policy be a trifle too
autocratic or communistic for America? Still others
suggest that the Government go into the telegraph busi-
ness, and build its own lines, supporting thent with
Treasury money and special privileges until they have
extinguished existing companies. Such a plan it is be-
lieved could be rushed through on the anti-monopoly wave,
results not being considered but left for development.
Passing, however, the question as to the mode of proce-
dure, let us suppose the Government in possession of a
telegraph system, with the old companies out of the wayby fair or foul means, and a law passed prohibiting all
private competition under severe penalties, such as nowexist against private mail carrying, for evidently evea
the Government could not afford to leave itself exposed
to renewed competition. Having then the telegraphs howwould it use them ? "Would it, for example, maintain the
inviolability of messages ? All the operators would be
of one political party, or at least it would be necessary
that the messages sent should be transmitted to the higher
officers, who would be a part of and in accord with the
general administration. Thus for political communica-
tions .the party in power would virtually control the
wires. It could decipher or detain its opponents' messages
so as to plot against or thwart their purposes, and another
power in addition to the new patronage the telegraph
bureau would afford, would be put into the hands
of the Government for perpetuating itself. Then
again in private business matters no one would feel as
safe with the secrets committed to the hands of these qfficiala-
Telegraphy is managed now for profit, and secrecy is tha
recommendation which increases business. It is .the
interest of the company that secures inviolability, and if
one fails to give it a rival will not, or if mone exists oxx^
will be organized, as the history of th|e Baltimpre & Qhro
9fi,ble enterprise proves. There is no Mc^ ^^fi^f wbenprivate companies have been suppressed and the. Gov-
ernment takes coatrol, How convenient id wiD, thea be
Deobicber 3, 1883. J THE CHRONICLE. 619
for a politician with influence, if engaged in an excited
breadstuffa speculation, to be next friend to an officer who
could give him the first inspection of the messages be-
tween New York and Chicago. But there will bo laws
against such treachery, it will be said. Yes, to be sure,
and so there are laws now against assessing for political
purposes Government employees, and yet it is done
openly; there are laws against using one's oflicial position
for self aggrandizement, and yet even judges trade on their
decisions; there are laws against stealing, and yet we hear
of Star Route trials. In the light of such experience who
would not prefer private enterprise and the self interest it
feeds upon, rather than official integrity, as a guaranty of
inviolability and efBciency ?
Then, again, how would the Government manage the
question of charges ? The idea of those who advocate the
change of system, is a uniform rate without regard to
distance or condition. It is so in England, why should
it not be- so here ? A station would be opened at every
Post Office, and a country town a thousand miles away
that sends but a few messages a month would be
rttted with the city that sends many hundreds or thous-
ands every hour. In other words the present plan of non-
uniform and profit-paying rates would be given up for
uniform and non-paying rates, the result of course being
another Government department with a deficit to take the
place of the deficit from which good management has at
last relieved the Post Office. And yet how little practical
advantage would the people derive. The telegraph is
really a commercial instrument, is very seldom of use to
the farming sections, and can never be of service to them
as a substitute for letter writing. To urge that the whole
theory on which the service has hitherto been conducted
shall be changed in obedience to a mere sentiment, and
that the whole commerce of the country shall be taxed for
the purpose of affording cheap telegraphic facilities to
classes having little or no use for them, is so clearly un.
wise as not to admit of examination.
And how unfavorable would be the effect of the change
on the development of the science of telegraphy. The
absolute freedom of the field stimulates now the inventive
genius of the country, and we see its results in the progress
being made. The man who invents a duplex or quad-
mplex transmitter, or something else which instantly multi-
plies the efficiency of wire and operator, knows that he
can sell it, Shrewd capitalists are readily found to exam-
ine and if approved assist in its introduction, for any of
them can use it in the establishment of a new system or
force its Ipurchase by companies in existence. A Gov-
ernment monopoly, however, leaves the market to but
one purchaser, and that one, a purchaser who is most diffi-
cult to reach unless the inventor can secure political
influence. Even with that, one knows the obstacles that
always stand in the way of obtaining the attention of a
Government official, for how Little interest he has in
spending extra time to first satisfy himself as to the prac-
ticability and efficiency of a novelty and then to bring
it to the attention of Congress and secure the neces-
sary appropriation. If the poor inventor is required to
J.ake the usual course for obtaining success in such an
endeavor, he will find, after he has divided up amonglobbyists and members and politicians, that there is
Tery little left to pay him for his expenditure of time and
money, and he will never waste his energies in that
direction again. Moreover, a Government which has
tho monopoly feels no spur to "get the best," because
it- is shielded from competition. It is a big, clumsy,
wasteful thing, which is hurt but not destroyed by its ownblunderiBg.
We are well aware that there are grievances at present andwe would be the last to igno-e them. On water as well
as on land consolidation has repeatedly extinguished com-petition, and we have with others experienced serious loss
from the ups and downs of cable rates and the arbitrary
changes in regulations by cable companies. Ever since
Mr. Pender has been the ruling spirit in London a mostilliberal policy has prevailed and no one regrets to-daj—if
current rumor is correct—that Mr. Gould has him in his
little trap. But all these and other charges against oar
telegraph companies are private grievances, only to M"redressed through an open field of competition, and sur*'^
to find a remedy in that way in process of time. To fly
to the Government for relief is flying into the arms of in-'
competency, for we challenge the mention of a singlef '
work it now does (not excepting mail carrying) so well as
to furnish any rational encouragement for giving it morework.
Finally, is it not well for us to think where we are 'tt!''-
stop in this process of transferring our material interest*'''
to Government control, and what kind of a Government it'
will leave ns with, if the many similar propositions nb#^'^
being pressed are adopted? This is a point we have often
enlarged ugon. Such a policy is only consistent with gov-
ernments of the old school, not with those of the new. But '
aside from that question, the telegraph assumption by the
Government is, as we have seen, in many ways objection-
able, with nothing to recommend it except grievances'
which would be simply aggravated by the change.
LAND SALES.
The negotiations which are in progress concerning a^
sale of a large parcel of Northern Pacific lands east of
the Missouri River, call attention to the great progress
making in that section of the country, in opening upterritory to cultivation and development. Every new era
in the country's growth finds some outlying district which
to the pioneer appears to possess special advantages; s»
the great Northwest is now the point of largest activity,
and new settlers are tending in that direction in aconstantly-increasing ratio and with marvellous effects upon
the "growing industries of the district.
Minnesota and Dakota in particular are the favored
spots at the moment, presenting in this respect a striking^
contrast to the neglect with which they were treated but
a few years ago. Dakota was then looked upon as a vast
region devoid of the essentials needful to successful agri-
culture—indeed it was claimed that the land would require
great toil to work it and then not repay cultivation
—
while Minnesota was so sparsely settled, and commanding
so little new life, that many of its railroad lines found but
inadequate traffic for their support and became financially
embarrassed. The Southern Minnesota, now one of the
Chicago Milwaukee & St. Paul's lines, became insolvent
and went into the hands of receivers. The same happened
to the St. Paul & Duluth. At least two of the three com-
panies that were subsequently consolidated as the present
Chicago St. Paul Minneapolis & Omaha were also bank-
rupt, and seemed to offer little hope of ever being rescued
from that condition. Then there was that worst case of
all—the St. Paul & Pacific first «nd second divisions, (now
the St. Paul Minneapolis & Manitoba), the money invested
in • which seemed irretrievably lost. How changed the
aspect of affairs there now ! All the roads mentioned are
doing very well, some of them exceedingly well, owing to
the immense amount of new lands placed under cultiva-
tion by immigration and settlement, and the stimulus this
has given to every branch of industry and trade in that
district.
«20 THE CHRONICLE. [Vol. XXX7.
In a general way, perhaps the most of us know that
great strides forward are being made in that section ;but
there are few probably even among those well informed who
appreciate fully the extent of the new areas thus opened
up. Some idea of the development going on is afiorded
by examining the sales of lands by the different railroad
lines; but unfortunately the information here is very mfta-
gre, only a few of the companies apparently being willing to
furnish intelligence on this point. Still, those we have suffico
to give an indication as to what at least the railroads are
doing in this direction. For the year ended June 30,
1881, the St. Paul Minneapolis & Manitoba company sold
only 97,863 acres of its lands, but in the late fiscal year—that
ended June 39, 1882—it sold no less that 203,143, realiz
ing therefrom over a million dollars—$1,108,312. During
the nine months of the calendar year to September 30 the
St Paul & Duluth Company received as net income from
sales of lands $208,514; during the whole of the calendar
year 1881 the sales amounted to only $81,798. Coming
now to the Northern Pacific, we find that during the four
months that have elapsed since the close of its fiscal year
(July, August, September and October) the company sold
175,772 acres of land on its Minnesota and Dakota divisions
—which is the section we are at present considering
—
against only 20, 120 acres in the corresponding four months
of 1881. The land was sold at $4 an acre.
But it is not till we reach the sales by the United States
Government, that we become fully cognizant of the great
amount of land that is being brought under cultivation in
the Northwest. In the case of railroads he have to deal
with individual pieces of land in particular sections, and
no aggregates by geographical divisions are possible. In
the case of Government lands we have the land separated
according to territorial boundaries, and thus the totals for
each State and Territory—which is so desirable—can be
given. Government lands, too, are a better guide than
railroad lands as showing the extent of the new areas being
entered upon, for so long as the former can be had at a
merely nominal sum, intending settlers will not purchase
the latter at $4@$6 an acre. That comparatively large
quantities of railroad lands are being taken at these figures,
despite the offerings by the Government, goes only to
show how desirable the land is found to be.
It was in the fiscal year 1877 8—about a twelvemonthbefore resumption of specie payments—that the movementtowards the occupation of new lands first began to exhibit
signs of an increase. Previous to tha t time the yearly
aggregates for the whole country ranged between three
and five million acres; in 1877-8 the total rose to 7
millions, in 1878-9 to 8^ millions, in 1879-80 to 9 millions,
in 1880-1 it fell to 8,379,000, and now has mounted to
OTer 12i^ millions in 1881-2, a gain on the previous yearof about 50 per cent. These figures cover lands disposedof for cash and under the Timber Culture and Homesteadlaws—in other words only lands entered for improvementor settlement. A statement went the rounds of the presssome weeks ago which embraced other items—such asswamp lands patented to the different States and alsolands certified to railroads, &c., &c.—and which was mis-leading in showing the quantity actually entered forsettlement and cultivation. An examination of the fig-
ures for the years 1879-80 and 1880-81 will make it
clear how unreliable such a comparison would be.In the former year the total disposals of lands bythe Government amounted to 14,792,372 acres, in thelatter year to 10,893,397 acres, a decrease of 3,898,975acres. Not having the details, one migjit be inclined tosuppose that here was a tremendous falling off in thedemand for pubUc lands. When, however, we look more
closely into the matter we find that the falling off in the
land really taken up is only about eight hundred thou-
sand, instead of three million eight hundred thousand,
and that the remaining three millions decrease in that
year is due to the fact that in 1879-80 3,757,889 acres
of swamp lands were approved to the States, while in
1880-1 only 569,001 acres were so approved. As these
swamp lands have merely changed hands, they play no
part in the total placed under cultivation and should not
be included in it. The same may be said of the lands
certified to railroads ; these, too, in most cases have only
changed hands. Recognizing that the usfifulness of the
statement depended upon separating these latter from
the rest, and feeling assured that the published com-
parisons were full of inaccuracies—some of them used
total disposals, and disposals for settlement and cultivation,
indiscriminatel_y—we made early application at the LandOffice for a correct tabulation, which we have recently,
through the kindness of the Commissioner, received. This
we present below. It includes, as said, only land disposed
of for cash and under the Timber-Culture and Homesteadlaws, and as it gives the details for each State and terri-
tory for five years past, should prove very valuable and
interesting. We may say that the increase in 1881-82
over the previous year, instead of being actually over 4|-
million acres, as the table correctly shows, would be less
than 3^ millions should we take total disposals, which is
another evidence that the latter do not show the true I'ela-
tive movement from year to year.
DISPOSALS or PUBLIC LANDS FOB CASH AND UNDER THE HOMESTEADAND TIMBEK-CULTUKE LAWS.
The above discloses the importance that the extremeNorthwest—or more accurately, Minnesota and Dakota
—
have assumed in the land grant entries. Of the total dis-
posals of 12J millions for the United States in the last
year, 4,355,000 acres, or more than one-third, goes to
Dakota, and Minnesota is the only other State or territory
that comes in for a million acres. During the last five years
there have been disposed of in Dakota no less than
12,192,842 acres, and in Minnesota 4,675,899 acres,
together pretty nearly 17 million acres. There is no other
section that can compare with this. Kansas and Nebraska,
having for the five years respectively 7,694,232 acres and
4,650,721 acreSjCome next,but Dakota alone has pretty nearly
as much as the two taken together. Four years ago Kansaswas way ahea(j of Dakota, but now it has only about a fifth as
much. Nebraska, too, has smaller totals than formerly.
The reason for Dakota and Minnesota's promi-
nence is probably not that the lands are thought moredesirable than those in other sections of the /West
Deobmbbr 2, U»A.\ THE CHRONICLE. 621
and Northwest—though without doubt they are
looked upon with great favor—but that there is in that
territory more Government land still loft untaken. In
Kansas and Nebraska certainly the quantity remaining has
been greatly diminished. In Iowa there is so little Govemment land left that the sales are scarcely more than
nominal; yet there are in that State, as well as in Kansas
and Nebraska, large sections of land that were given as a
subsidy to railroads and which are still held by them. In
Iowa, on this account, the Government sales give no idea
of the new areas brought under cultivation, but in the
other cases they constitute probably the great bulk of all
the new land entered by settlers.
In this connection we have to deplore the absence
of all statistics bearing on the amount of Governmentlands still remaining in each State and Territory. Aperson wishing to emigrate or assist others in emigrat-
ing to the West or Northwest would naturally want to
know where the public lands were located, and howmuch remained in this or that State; but, strange
aa it may seem, no figures can be obtained on this
point, and the Government appears to be no better off
than the individual. This is a grave defect which wetrust will be speedily remedied. There is certainly no
excuse for such an omission, and if the Commissioner has
not the clerical force necessary to prepare the statement, as
he claims, he should be given it. It is perhaps well to
remark, in case the absence of Texas in the above table
should not be understood, that there are no Governmentlands in that State.
But breadstuff:) did not move -freely, and corn of the newcrop had not yet come forward, so that the prospect for/old imports in the future was better than in this month.Some large railroad negotiations, including the sale ofsome $12,000,000 worth of land by Northern Pacific, andthe sale of some $15,00(1.000 bonds by the New York WestShore & Buffalo Riilroad—both to syndicates—wereeffected near the end of November, but had not yet infla-
enced the exchange market.Th« folio vin.; su'D'niry stiows the condition of the New
York City Cearing-House banks, rate of foreign exchange,and prices of leadinj? securities and articles of merchan-dise, on or about the 1st of D.'C., 1880, 1881 and 1882.
STATISTICAL gQMMARir <)!« OR ABOUT DBC. 1. 1880, 1881 AKD 1882.
Loans and discounts.Specie.
lily J
IdlsiSpecieC.'irtHilation
Net deposits...Legal tenders.
1882.
Legal reserve.Reserve held .
8uipUi8re"erve $Utn^M, ExelCalfloans
Uimeu, Exchange, Silver—~ 111
FINANCIAL REVIEW OF NOVEMBER, 1882.
In November the money market became very stringent
in the latter part of the month, and borrowers on stocks
sometimes had to pay as high as 20 to 35 per cent for call
loans. The banks were below their 25 per cent limit,
and the declining stock market and necessary shifting of
collaterals caused an activity in money which aggravated
the ordinary closeness of a November market. Secretary
Folger offered to redeem on presentation, without rebate
of interest, the bonds embraced in outstanding calls to
the amount of $5,000,000 per week, and finally he offered
to redeem $10,000,000 bonds with interest to Feb. 28, not
embraced in any of the calls. During the last five days
of the month some $9,000,000 bonds were redeemedunder these various offers, and the supply of loanable
funds Wn8 largely increased, relaxing the rales for money.
The business in investment securities was quite moderate,
but in speculative stocks there was great depression in prices,
culminating on the 2oth of the month, whtn lower figures
were reached on many stocks than had been made in one or
two years before. There was a heavy bear influence in the
market, and the decline was partly owing to this; but, ex-
cept for the stringency in money and the cutting of rates
among tbe railroads of the Northwest, it would have been
impossible to effect so large a decline by purely speculative
hammering. The railroad earnings were remarkably largeand the prospect for future months was excellent ; but in theabsence of a strong support from large operators this wasnot sufficient to keep prices steady. The depression in thesteel industries and the shutting down of certain steel rail
manufactories was also made much of as a cause forgloomy feeling in tne market ; but the decrease in thedemand for steel rails was only incidental to the decreasein projected railroads and the smaller contracts for steel
rails put out for the year 1883. Large orders were placedwith some of the mills at $40 per ton, a price exceedinglyfavorable for the railroads. After the relaxation in moneyon the 25ih, and with some prospects of an adjustment ofthe railroad war, the market recovered materially.
Foreign exchange ruled at low figures during Novem-ber, and there was a moderate importation of foreign gold.
'
Prime paper, sixi y daysSilver In London, per ozPrime sterling iiills, 60 days..
Vnltrtl Stiiles HhuIh—38, ri'gixteufd. oi-tioii U. 868, cnrrency , 189858, 1881, (c.intinneil at 314)...4>^, 1891,couiK>n48 of 1907. coupon
Railrmift Sfiirts—New York Central & Hud. Rlv.Erie (N. Y. L. E. & Vf.)
Lake Shore & MleU. Southern.Micliigun <"enti*alChicago Koi^k Island & PaclticIllinois CentralChicago ite NoithwcHteru, com.Chicago Milw. & St. Paul, com.Delaware Lack. & Wc.storu . .
.
Central of NewJcraeyUerchandine—Cotton, Middl'g Uplands.?! lb.
Wool, American XX ^ tt).
Iron, Amor. i>ig, No. l..=g ton.Wheat, No. 2 red win.^ bush.Com, Western iuixe<l. .^ hush.Pi>rlr. incBs fi Uh\.
300.2 IS.SOO4r).215..'\0OI8,".»0.7(Kl
277,l>aO.IIOo19.1«5.S(H»
^^9,18J..^0<67,41 l.;i'>0
1881.
Df.2,07.,iOO
3« 6U» 7Md.4 7U<|
lOlTg128101 19112181193g
130>437%11.%90
126 14114^13t(102''8
1271e71 "fl
107,,35<»43
.'5 ooaai. 001 OH -ai OS's
40^851" 00
31 «.758,R00!>~.Oin. ] 0020,000.200
2..ti..">66.400
l.'\,5U2,U(M)
71,641,60(172,612,70<l
1880.
971, lu
4»«-^ls9««6l9
51i6i«d.4 81
127102»8
ll3%a>113»8117%
13?\46
12.'"ii
13478133130108<^127OS's
121,836 » ...
•25 011326 Ol>
1 Jit«a-14li464 971%
17 .'lO^lH ".<.
313,524,90060.177.90018.666,200
281l,'.27,10012.098,200
72,381,77572.276,100
Def. 105,670
QaniL^ p.d.0<»6>a54 %d.
4 79>a-4 81>a
129
iid%111%
14145I20141111221a119126 <«
I<>7>«10176%
1242949
25 00326 001 24a t 24>fl57isd'6li«
14 25
The statements ol tiio New York City Clearing Housebanks in each week of November were »« follows:
vKw voKK nrrv hvwk M'ivkhents is notrmbkr.
JV. Y. City Bank StatemcnU.
Loans and discounts.SpecieCirculationNet depositsLeiral lendersLegal reserveKeservM held
Surplus
RanKe of call loans. .
.
Rate of prime paper .
yov.t.
tSlT.SSS.UOOS2.0^ i.9J0
IK.BSO soil
288.44M.5iK)20.070.HOP
tT>!.112.lti578.'i»7 'to I
Der.ti4.tua
»»7
«>ll. II.
t316.4r4.»IO4M.S23.BI018.663.2110
2S3.MW.2au18.953,100
«7n,N01.fiS0S7.770.lfti
tUtSOM.VOD4^'
5
«l»7
JTof. la.
t3U.O2e.SO080.985.40018.«tt5.70U
2S1.BM.S0010.281,900
t71,l48.S7570.28a.ua0
Df.«878,e7S
i7'"^?
yov.x.
tsoe.aoH.aoo48.M9.S0018,690.700
877.930,00019.165.800
««g.482,B0067,411.300
llftS.im.Mtf
4080««7
i;iJ>SlNi* PKIOHW 1 IK IHIVKKNUKNT BKCUKITIM IN NOV., 1882.
Kov.
5«,con-Hn'tl
4iaii,
IS'JI.coup.
4«.1907.coup.
liS^11938
•3f,
opt'nff. S.
• eg.
6»,Cur.,1898,reg.
yov.
19..
5>.eoH~tin'd
4i»r,
1891,enup.
4«,1907,roup.
3«.
rs.Tig.
1898,rtff.
1 . ..8...
2 20.. 1193)8
119 "8
3 . 102=8 21..22
113113
10245. -.8. . 23.
24.6 101%7 . .HoU day..
i02%25.. llB's
«»•
8.. 26.. ..8...
9 113 27.. 113
119i«
day..
lOl^B102102
10. 28..11 29.. ;::::; : ::
12 . -.3... 30.. .Holl
113li3>8113113
13 11911878llimII9I4
U'.Ha
102181-L'ie
102%111216
102
OpenIflghLow.Clus.
101%101%101%101%
119i<
118'8119>4
102%102%101%102
14..15
.....
16..17
UK's
18.. 10;%UUI8INU PRICKS OP OOS»1>L8 ANU tJ. 8. SKOUHITIBS AT LONDON IN NOT.
Nov. 1^1txt.at
3>s.
41*1
1891.
4*0/1907. Nov. w 5*
of. of3i«.
4>gt
1891. 19OT.
1ioiij;„1(11 16i8101^8
Holi104 "4
104 •«
lom..8. .
day..11611611478
122%122%122>s
20 101%101%1011»,«lOi1023,,10218
iiiiio""
102IOjl,n
102»ig
'0116,81023,.101%K23,4
I02»i,f>oft, .
104104104104104104.8...104lom104 H)104%
104 14104 14liijis101 16
I05l«
115%ll.Tis
114'a115115115
i'1.5"II518115115
116116Hi's115
118%
122>92 21 122>93 22 . . . 12245
23 .
241^2%1223«
678
102»i,10-3,6102'(,
102 W102>8102
ioiiajst')Jl,„
10 1'8
li.l-«10lis,„lOll^iB
|.4'8101 16104101101101%.8..103«101lomlOl1011(14
..s...
1151151I4''8114^8lU'li115%
iVtJ"
116xll511.1
115115
i;2»t122«122%12'%128%I2^l«
12iii12212218122141221,1122I4
252627
122%
122"9 28 122
29 12211 30 1321213141516171819
Opening .
.
Highest. .
.
(.lOwest ...
Closing ...
S'ce Jan. 1Highest...IxiWfWt
122%122%122122
124ieIIQI9
J«22 THE CHRONICLE. fVoL. XXXV.
\' The following table will- show the lowest, highest and
'closing prices of railway and miscellaneous stocks at the
•IT. Y. Stock Exchange during the months of October
And November.RXSOa 0» STOCK* IN OCTOBBB ASO NOVEMBER.
, Oclober.- . . Nonembtr.—Railroads. Sep. 30.
.Altwor A SusqiieblUeRhenr Central .. 27^Atoll. Top. <& BoB.PeB(»t.&N:Y.AicL.pf
LOU!.1301386<fl
,_ 75Buffalo Pitts. & West. 40i4
Do nref. 57Burl.Ccd. Kap.&No. 80 79 ^H
CanadnSoutliern.... 62B8 Sl\Cedar Kails .\c Mlnu IdCeutral Iowa 31Central of N. Jersey. 7038 70I3
Central Paoiflo 91% 8913Clies. AOlilo 26 2414
Do Istpref. 38I4 31314
Do 2dpref. 27% 25%Ohloatroijfc Alton 139% 1331?
Do prefOhio. Burl. *Quiiicy. 131 «8 129Ohio. Mil. & St. Paul. 5107% 107
Do pref. 1 1 23 122CWo. ANortliwest... 14114 142ie
( Do pref. 16412 159-Chls.&Kocklsland.. 613358 130Chlc.8t.L.&N.Oil'u9 80CUo. 8t.P. Minn.&O. SHi 46%
The supply of mercantile paper continues very limited, and,
although there has beea a settlement on the Stock Exchangeduring the week, the money market generally has presented avery quiet appearance, and the rates of discount have had adownward tendency. The oiHoial miaimam remains, however,
at 5 per cent, but in the open market the quotation for the
best three months' bank bills does not exceed 3% to 3^ per
cent, while the rate for short loans, after being about Z}^ to 4per cent, is now 3 per cent. This week's Bank return is of amore satisfactory character, the proportion "of reserve to lia-
bilities having risen to 3S% per cent from 37M per cent last
week. There has been some slight demand for bar gold andsovereigns—the former for Germany—but coin has been return-
ing from provincial circulation, and the result is that the sup-
ply of bullion held by the Bank has slightly increased, but
only to the extent of £50,745.
The total supply of gold held by the Bank now amounts to
£20,307,957, which corresponds with £30,681,019 last year; while
the total reserve is £9,848,947, against £10,445,449 at this date in
1881. The position of the Bank is not, therefore, quite equal
to that which existed twelve months ago, but the rate is the
same, and there is a larger discrepancy between the oiiicial andopen market quotations. The liabilities of the Bank are, how-ever, much less; the total of public deposits (the Governmentaccount) being only £2,545,824, against £3,122,601, and of other
deposits, £22,593,159, against £23,323,220 in 1881. The positioa
of the money market is evidently one of some embarrassment,
and is likely to remain in that condition for some time to come.
It is not regarded as probable that any special demands will be
made upon us this year, but the American and GrermaiX ex—
DatnnnRR 8, 1882. THE CHUONICLR 62ST8
1»7»,17.701.791't.710,8«a4.()0;).0174U0.0SIei8.M7
5,453,764'2,728,04W
•bsngeB are not reij farorable to os, and \a,ttn\j about
270,000 in bar f^old haa been parchaaed at the Bank and in the
open market on Berlin aeeonnt. Daring the last two days the
money market, without being in any degree actire, haa been
firmer in tone, and the rates of discoant hare slightly im-
proTed, being now as nnder:
Percent. Open-market rates— Per tent.Bank rat* 5 4 months' bank bills 3>«»3^sOpen-market ratea— 6 months' bank bills 3>t93<%30 and 60 (lays' bills 3>a930s 4 ib 6 months' trade bills. 1 953 mouths' bUls 3>ii93i)s
The following are the rates of interest allowed by the joinW
toek banks and discoant houses for deposits :
Per eenl.Joint-stock banks 3DUcouiit bouses at call 3
Do with notice ot withdrawal... 3Vl
Annexed is a statement showing the present position of the
Bank of England, the Bank rate of discoant, the price of con-
sols, the average quotation for Baglish wheat, the price of mid-dling apland cotton, of 40 male twist, fair second quality, andthe Bankers' Clearing House return, compared with the three
There has been a small demand for gold for export to Ger-many, and some sovereigns have been taken out of the Bank for
Portugal and Egypt; but the position of the gold market hasnot greatly altered. Gold coin has been returning from the
provinces in considerable amounts. The silver market has beenunsettled, owing to an expectation that the price of India Coun-cil bills will have to be reduced. Mexican dollars have beendull. The following prices of bullion are from Messrs. Pixley &Abell's circular
:
GOLD.Bar gold, line peroz. standard.Bar gold, cent. 20 dwts. silver per 01. standard.Spanish doubloons peroz.South American doubloons per oz.United States gold coin per oz.aermau£old coin peroz.
sn-VBR.Bar silver, flne per oz. standard. 515,8 •»
The following are the current rates of discount at the princi-
pal foreign centres:
OpenMarket.Pr. el.
6>4
(. d.
77 9 ®77 gij77 10i2®77 1173 912a73 S^aa76 3ia»
»d. a.
ParisBrusselsAmsterdam
.
BerlinFrankfortHamburg...,Vienna
Bankrate.
Pr.et.. 31a
4>94's5
OpenMarket.Pr. ct.
31s4144»44%4%4°85
Madrid and otherSpanish cities
St. Petersbui-g...GenevaGenoaCopenhagen
Sankrate.Pr.et.
4>fl6
4'a
The weather has become quite wintry, and snow has fallen in
most parts of the country. The "northern lights" have been
Tery distinctly visible throughout these islands, and even onthe Continent, and a severe winter is in many quarters pre-
dicted. The wheat trade has in consequence become firmer in
tone, but an increased visible supply in the United States andlarge stocks in this country induces millers to operate with
great caution, and only to supply actual wants. Holders,
therefore, find it difficult, if not impossible, to obtain higherpiJices. Agricultural work is still backward, but farmers havebeen able to make better progress, and may possibly beable to recover arrears if the present frosty weather shouldcontinue. Indian corn has realized as much as 41s. 3d. perquarter.
The following return shows the imports of wheat into theUnited Kingdom during the first eleven weeks of the season, com-pared with the same period in previous seasons ; the quanti-ties of wheat and flour placed upon the British markets in theame period ; the average price of English wheat for theseason
; the visible supply of wheat in the United States, andthe quantity of wheat afloat to the United Kingdom.
Imports of Hour 3,086,541SalM of hame-growoproduce 9,334,840
1881.14.543,5952,471.867
1880.14,596,180 17,762,570,378
1«7«..1.791
2,723,0«i
9,168,810 8,lS4.49t 3,640.e5«'
Total 80,410,893Av'ge price of Englishwheat for season, qr. 41 1. 6d.
Visible supply of wkeatIn the IT. 8... bush. 17,700,000
Afloat to United King-dom qr 2,074,500
28,181,272
48s. lOd.
25,320,903
41l. 104.
S4,125,70«
48*. Od.
21.200.000 21,300,000 30,500,00»
2,495,000
The hop crop in this year has been an almost complete fail-
are, and prices are very high, the qaotation for the best sort*
being as much as X23 to £39 per cwt. The brewers are. there-
fore, at their wits' end to find sabstitntea, and " Mincing htae"is being searched for them. A correspondent writes as follows:Owing to the partial failure of this season'! English hops, together
with a l!irge domauil to supply the American market, values liave ad-vanced t» such an extent ihut substltatea are eagerty sought nftar !the Mincing Lane Market, and drugs which can, on account of theirbitter qualities, be used in the manufacture of beer, have 'joen laspeculative demand to such an extent that In some cases the value*have advanced 30i) to 400 per cent. It has generally been supposedthat beer could only bo m;i(le "bitter" through the medium of the hop,plant; but this Innocent delusion must be given up. the laws of supplyand demand having taught us that there are other plaiiti not familiarto Kent or Surrey which can be used for the same purpose, (.'olomboroot, well known for its tonic qualities, h.'i.s advanced in value from22s., at whiob it was obtainable a month since, to 9">s. per cwt.; camo-miles from 408. to 120s.; (piassia from £5 to £10 i>or ton; Guinea grains,which have always been m'lre or les"* in us«i for brewiu:; nurpo.<)es, from328. to 60s. per cwt.; and the most 8uri>rising of all, cberetta. a drugwhich a month since was ulmoat unsalable at 3d. per pound, has act-ually been sold at 3s. to 3s. 6d. per pound.
The following figures show the extent of the exports of
British and Irish produce and manufactures and of colonial andforeign wool to the United States daring the month of October,
and during the ten months ended October 31, 1882, comparedwith the corresponding periods in the previous year :
-In October.
Alkali cwt.Apparel and s'.ops £Bugs and sacks doz.Beer and ale bbls.Cotton piece goods, .yds.Earthenw.A porcelain.£Haberdashery and mil-linery £
SxporUdto—GermanyHollandFrancePortugal, Azores & Madeira.ItalyAustrian TerritoriesGreeceTurkey 27 8i«,800Egypt 9.286.200WestCoastof Africa (For.).. 2.811.600United State.8 3,992,700Foreign West Indies 10,10J,)00Mexico
.
Central AmericaUnited States of Colombia.BrazilUruguayArgentiue RepublicClilll
Peni.
4,8m7,0004,933,0005,7a5,500
21,6 14,2002 968,4006,5'>3,(i006,072,4001,148.700
China and Hong Kong 28,439,000Japan 5,!i96,' 00Dutch Possessions In India.. 5,740.8i'0Philippine Islands 3,419,100Gibraltar 1,496,400Malta . ....... 1 249 500West Coast '<i'f 'Afrioa "(Brit.). 3l23 lilioOBritish North America 966.700British West India Islands &Guiana 4,030,400
British Possessions in SouthAfrica 1,720,200
British India-Bombay 56,899.300Madras 5,04S,900Bengal 98,716,800Straits Settlements 9,626,U00Ceylon 2,13-,400
The following is an estimate of the imports required by, andthe export surplus of, the under-mentioned countries :
Imports FxpnrlJiequired. Surplus*
Franne qrs, 2,744,000United Kingdom 14,755,000BeUium 1,715,1.00Holland 1,029,000Germany 686,000Au-tro-Huneary 3.087,000Russia in E)irope 5,145,000Switzerland 1,372,000Italy 686,000Spain, I ortusal 2,744,000IMnubian Principalities 1,715,000Australia, Chili 1,372,000West Indies 1,715,000East Indies 2,744,000United States, Canada 22 295,000Other countries 171,000
36,529,0 JO
Total Europe.... 148,003,900Olhrr producing cmmtries—
United States 60,025,000Al/eiia 3,087.000CaiDida 1,715,000Australia 2.053,1)00Ejypt 2,058,000CUiU, East Indies and other countries 6,860,000
Total 27,446.000
Engllsb market Reports—Per Cable.
The daily closing quotations for securities, &c„ at London,
und for breadstuffs and provisions at Liverpool, are reported
by cable as follows for the week ending December 1:
London.
Silver, per oz d.Consols for money•Jonsols for accountFr'ch rentes (in Paris) fr.
0. 8. 58ext'u'd into3'ssU. H. 4i38 0f 1891...,II. 8. 48 of 1907Chic, Mil. & St Paulh.rie, coiuiiiou stuck.Illinois CentralN, Y. 0))tario & West'n.t'ennsylvauiaPhiladelphia & Reading.Vhw York ^^entral
The BMetin di.i H Ules h\i juit published somi statintiesrelaUng to the Earopeau harvests, Assumins these figures,which are neces-arily conj.iotural, to be fairly correct, thisseasan's crop of wheat is rather under the average.
National Banks,—The following national banks have lately
been organized :
2,823-TUe Sioux Fa'ls National Bank, Dakota Territory. Capital,
$50.1)00. Charles E. McKlnuey, President; Charles I.. Norton,Caslii.ir.
2,324-The First National Bank of Lexington, HI. Capital. $50,000.Santorrt R. Claggett, Preaideut; B. J Claggett, Cashier.
2,825—The First National Ba)ik of Pawnee City. Neb. Capital, $50,000,,Iaiiie8 N. Kckman, Pi-e8idi.-nt; John C. Dniid, Ciishier.
2,826—" National Bank of Anieiica at Chicago," 111. Capital, $300,000,Isaac G. Lombard, I'resideut; Edward B. Lathr..i), Ca>-hier.
2,327—The Second National Bank of Corllan.i, N. Y. Capital, $100,000.Fitz Buyutou, Preside). t; J. Seaman Bull, Cashier.
Imports and Expoets fob thb Wbbk.—The imports of last
week, compared with those of the preceding week, show a
decrease in both dry goods and general merchandise.
The total imports were $7,540,880, against ^9,660,842 the pre-
ceding week and $8,922,276 two weeks previous. The exports
for the week ended Nov, 23 amounted to $6,506,431, against
$8,109,476 last week and $6,95S.823 two weeks previous. The
following are the imports at New York for the week ending
Dbcbmbbr _ 1882.1 THE CHRONICLE. 626
(for dry goods) Nov. 23, and for the week ending; (for general
merchandiBe) Nor. 24; also totals since the beginning of first
week in Jannarr
:
POBBIOH IMPORTS AT NEW TORK.
For Week.
l>ts sooAtOea'Tniefdlge.
TotalSince Jan. 1.
Dry Ko<idM
.
Oen'I luer'diee..
Total 47 weeks
IW79.
41,011,8014,6K-»,b9J
$5,736,754
iif4.C75,9.-\7
210,991,327
$301,270,384
1H80.
*l,2r.2.0954.701,378
$0,963,173
n 12,909.924325,312,490
438,2^2.420
1881.
»1..'.23,40S5900,592
87,484,000
*IOS,092 449290,039.7411
$390,132,189
1882.
*1 .798,7935,742,087
$7,540,880
$121,0.10.873331,0eJ3.U0l
t452,7 10,774
In our report of the dry goods trade will be found the imports
of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending November 28 and from January 1 to date
:
EXPORTS FROM NEW YORK COR THH WBBK.
Fertile week...Prev. reported..
1879. 18ao. 18!)1.
$7,019.57(1336,803.077
Total 47 weeks $318,290,293 $370,373,197 $343,853,247 $311,806,284
1882.
»G.50«.131305,299,S53
The following table shows the exports and imports of specie
at the port of New York for the week ending Nov. 25, andsince Jan. 1. 1882 :
EXPORTS AND IMPOSTS Or gPBOIB AT NEW TORK.
Gold.
Great BritainPraneeGermanyWest IniilesMexicoSouth AmericaAll other ooaiitries
Tetal 1882Total 1881Total 1880
Bilver,Great BiitalnFranceGermanWest Inl. sMexicoSouth AicerlcaAll other countries
Total 1882Total 1881Total 1880
Exportn.
Week.
3,100
$3,1005,00<
$321,51144,000
50
$3iio,5ul3iO,5r>o172,000
Since Jan.\
$29,652,4922,526,1.'^0
85,0606.088
200,1501,302,414
.$33,83 2,9 i4440,006
2,186,023
$7,884,94*l,27o.3.)0228.501117,134
817,217
$iO,21S,1059.ii04,s9v>
5.492.139
Imports.
Week. Siiuse Jan.l.
$.
209,589
518."lOO
$2 1 0,607351.271
1,7 05.315
12.10040.7-5
111.2929:f5
2.20J
$167,37863,9927,100
$106,498401232
2,401,191200,1693V!l.00O91.5 1&
J3. 127,09751,420,29151,819,248
$26,2701,208
14".1701,193.0401,213,0-5118.49029,415
$2,722,3172,623.1065,014,738
Of the above imports for the week in 1882, $12,761 wereAmerican gold coin and $25,866 American silver coin. Of the
exports during the same time $3,100 were American gold coin.
Horse Railroads in New York Citr.—The following reportshave been made for the y^ar ending Sept. 30 :
Central Cross Town—Receipts from passengers, $152,460;total receipts, ,'Bl.')3,969; total payments, $143,6.53.
Dry Dock East Broadway and iaWery—Keceipts frompassengers, $861,091; total receipts, $870,159; total payments,$812,523, including dividends.Broadway and /SicWMi/i.4wMMe— Receipts from passengers,
$848,347; total receipts, $880,564; total payments, $889,289, in-
cluding dividends.Houston West Street & Pavonia Ferry—Receipts from pas-
sengers, $213,441; total receipts. $249,473; total paymentsduring the year, $249,473.
Railroad Constrnclion (New).—The latest information ofthe completion of track on new railroads is as follows
:
Denver & Bio Grande.—The Utah extension has been extended fromDelta, Col., west to Grand Jiiuetloti, .^O miles. GaUKC 3 feet.JacksouvUlc Southeastern.—Exteuded from LItchtleld, ill., southeast
to Walshville. 7 miles.Pennsylvania.-The North and West branch Is extended from Nanti-
coke, Pa , eitst by north to Wilkesbane. 7 miles.Pensacola A Atlantic. -Extended west to Marianna, Fla., 4 miles.
Gaiif^e 5 feet.Plttsbiiri; chartiers & Yonghioghpny.--Extended south 8 miles to
Palutei's linn, Pa., completlntt the road.Toledo & 8»uth Haven.—Extended from Lawrence, Mich., west to
Hartford. 8 miles. GaUKe 3 feet.This Is a total of 64 nules of new railroad, makini; 9,255 miles thus
far this ye r. against 6.983 miles repiirted at the coiresiiondlug timeIn 1S81. .=i.4t3 miles in 1S80. 3,20. i miles lii l!(7«. 2.120 miles in 187s,1,961 milesin 1877, 2.153 miles in 1870. 1,176 ml.es In 1875, 1.731 niliesIn 1874, 3,456 miiea In 1873 and 0,559 miles in ISTi.—RailroadQasette.
Richmond & Danville—Norlh Carolina Midland.-Apresareport tr<im Raleigh, N. C, November 24, said: "The annualmeeting of tbe stockholders of the Nurth Carolina MidlandRailroad Company was held at Winston yesterday. The meet-ing considered and accepted the mDdified' contract with the Vir-gitia Mi Hand Riilroad Company for the lease of their road tothat Company. The term of the lease is 99 years, and the rental
is $120,000 per year, to begin when the road is completed fromDanville, Va., to Mooresville, Iredell County. The North Caro-lina Midland Company propose to imae $2,000,000 of mortgagebonds to complete the road, and the rental is expected to paythe interest on this sum. The payment of the principal of tbeoobonds at the end of 20 years is guaranteed by the VirginiaCompany. The contract also binds the lefsees to build the rf>adto Mooresville in three years. The Richmond & Danville C<jm-pany own a controlling interest in the Virginia Midland, andcontrol by, lease the road from Charlotte to Hlatesville. Moores-ville is on this road, between Htatesville and Charlotte, and thecompletion of tbe road from Danville to MooreNviJIe will givethe Richmnnd & Danvilie another line through N<irth Canilina.The road i^f ni)w running from Danville to Leakstjolet in Rock-ingham County, . .(
Richmond Frederlck<tbnrg & Potomar.—At t)fc« annualmeeting in Richmond, Va., the board of directors made thefollowing report of the company's operations for the fiscal yearending Sept. 30, 1882 :
Kccelpts from ttansportatlou.Kecoipts from rents
,
$437,516^.. 2,338
Gross revenue '. $439.870Expenses of transportation 207,831
Net revenue $172,54} r
l^eductlnsr interest on bonds $60,869And dividend on Kuaraufeed stock 34,853— 95,7041
Leaves a net profit of $76,839
—which is less than that of the preceding year by $31,397.'
Among the causes which led to this decrease of net profits wasthe burning of the bridge over the James River in March last,
which for a period' of more than two months greatly interferedwith the throtigh traffic of the road and added to its expensesthat of a transfer by wagons through Richmond. In addition^to this, the expenses of transportation for the year just closed -
were augmented by about $10,000, paid on account of an accident
:
which occurred during the year preceding. On July 1, 1882,.$23,490 of the 6 per cent funded debt of the company becamedue and was extended for twenty years at 5 per cent.
Richmond & Petersburg.—The report of President F. R.Scott for the year ended September 30 showed gross receipts
of $174,378; expenses, $117,881 ; net receipts, $.'56,596; interest ondebt, $16,9.54; net revenue, $39,642. The usual semi-annualdividend of 3 per cent was paid on the first of January last;
$25,000 of the old 8 per cent bonds, maturing on the first ofApril last, were paid oflf. No dividend was paid on the first ofJuly last, and the earnings were used in repairing and roofingthe James River bridge. This itructure was burned the 26th oflast March, and the present trestle biidge, nearly three-fourthsof a mile long, was ready for use two months after. Credit is
given to Mr. J. R. Kenly, the Superintendent, formerly of theUnion Railroad, Baltimore, for the prompt manner in which thework was done. The direct loss to the company from the fire
'
was about $60,000. It is proposed to cross the James by aniri'n bridge, a part to be built next year and the remainder in
1884.
Vermont Central—Vermont & Canada.—The plan for thereorganization of the Vermont Central and the Vermont & Can-ada railroads, and the settlement of all disputes and litigation
among their security holders, provides:Firs(.—There shall be Issued $7,000,000 of bonds secured l>y a flrrt
mottKagc cm the Vermont Central and ihe Vermont A Canada railroads,and the equipment appertaining thereto, payable in thirty years fromthe Ist da,yof July, I S83, with interest at the rate of 5 |>er cent perannum, payable Rcmi-aunuall}' on the first days of January and July Ineach year, the further allowance of three months' interest, from April 1to July 1, 1>^83. being allowed to such parties as exchauKe their bondabefore April 1, 18-3.
Aceoiid —One million dollars of the aforesaid liondsshnll bedl«trlbutedaniOUK the stockholders of the Vermont & Canada Kallroud Ctunpany, inexchange for tbe shares of that company, at 33I3 per c^.-nt of ttie parvalue or said shares.
rAirrf.—Four million three hundred and flfty-soven thousand dollarsof Ihe aforesaid bonds shall lie distributed in exchange for a like amountof trust bonds, known as "equipment." "Income and extension." "guar-anteed." and "Stan«tead Sheft'ord * Chambly" bonds. Ihe exchangeis to lie dollar ford<illar, the overdue interest on said trust bonds beiilKthrown In by way of compromise.FimrtK.— nxo balance of the aforesaid bonds, $1,643,000. shall Ije
issued to retire the floating debt, estimated at $1,000,000. and the otherindebtf dnesa of the trust. Including the claim of the Centi-al VermontKailroad Company, estimated at $043,000, not Including stock ownedby tbe trust.W(/i.— Tliere shall be issued 7.500 sliares of $100 each of preferred
capital stock of the company under which this plan is to be carried outIn exchante for the "first and se^jond mortgage bonds" of the VermontCentral Railroad.The af'iresald stock shall be entitled to per cent dividends annually,
if earned, but not cumulative. In preference to ihe common stock of tA6said company. This stock shall he Issued In exchange for first mortgagebonds at theratc of 20 |ier cent on the dollar of their face value, andfor sec<ind mortgage bonds at the rate of 10 per cent on the dollar ot,
their face value, overdue interest on both first and second mortgagebonds to be thrown in by wiiy of compromise. The American Loan andTr'iHi Company ot Boston is the agent and attorney to carry out theabove plan.
—Attention is called to the notice by the Treasurer of theRochester & Pittsburg Railroad Company to holders of theinc >me bonds of said company, published in the advertising
columns of the Chrojiiclb.
Auction Sales.—The following, seldom or never sold at theStock Exchange, were sold at auction this week by Messrs,
Adrian H. Muller & Son:Shares.
100 Harlem Gaslight Co 93>s5 Central Park N. A E.River Railroad Co 143
Shares.60 Firemen's Insurance Co. 85
121a M. Y. Preserve. Co. for $230 36
626 THE CHUONICLE. l^ou xnv.
%ht Iganfeers' Olazette.
DITIDBIfDS.Tk* toUowliuc dlTldanda hare reoently been aunonnoed
:
Name of Company.
Hallroada.BoBten & AlbanyChloafTO 4k Nonbwestern, com
—
Do. do., pref. (qaar) .
.
EaatoirDlnN. HEel Rl»er (quar.)ffartford & Conn. We«tLowell & FraniinKliBiii, prefN. Y. IjikB Erin A Went., prefBt Paul & DiilutU. pref
raisrellaneoas.BonlierB' and Mrrclis' Tel. (qaar.)
Lebigh Coal & NaTlgatlon (quar.)
Spring Mountain Coal
Percent.
3>«22I41
2>a631a
When Book* Oloted.Payable. (Day inclutive.)
30272'
Dec.Deo.Dec.Deo. 15Deo. 5DeoOn dem.Jan. 17Jan. I
2 Deo. 122 Deo. 133<4 Deo. 11
Nov. 30 toDec. 7 to Dec. 28Dec. 7 to Deo. 28
Deo. 30 to Jan. 17Not. 30 to Jan. 2
Deo. 2 to Dec. 11Deo. 3 to Dec. 12Nov. 30 to Dec. 11
NKW YORK, FRIDAY, DEC. 1. 1883-3 P. M.
The Honey Hiirket and Financial Sitnation.—Had the
stock depressioti of last week continued during this, the day-
called Thanksgiving would have been considered out of place
in the stock brokers' calendar, and its title, for this time at
least, would have ,been held a misnomer. Fortunately the
decline in stocks reached a climax on Saturday last, when the
lowest prices were touched in the morning and there was sub-
sequently a sharp re-action. We do not claim that our report
issued on that day had the effect of steadying the market, butwe may claim that when the more rational views of the finan-
cial situation therein expressed came to be adopted by dealers
in stocks, it was a natural result that the market should turn,
and that valuable stocks should quickly recover a part of their
decline.
Whatever the truth may be in the case, it is hardly avoid-
able that some of the officers of those companies engaged in
the railroad war should be charged with being short of their
own stocks. The possibilities of the thing are too great; theopportunity of making a quick turn by precipitating a cut in
rates is too enticing for human integrity always to resist it.
And then it is rarely that the public can ascertain justwho is the real party at fault in the controversy. The spec-tacle of a railroad officer or director heavily short of the stockof his own company is not an agreeable one to contemplate.He is then in a position where aU his personal, interests urgehim to decry and put down, by one means or another, thevalue of that very property of which he is the avowedtrustee and protector. But in a railroad quarrel it is possiblefor any one line to make a cut in rates which the others mustfollow, and hence the mere fact of being in such a fight doesnot imply a responsibility for it on the part of all those en-gaged.
The money market relaxed greatly after Secretary Folgerissued his order of Nov. 25th offering to redeem at par, withinterest to Feb. 28th, 1883, $10,000,000m per cent bonds ofany numbers, outside of those already called for payment.From Saturday to Wednesday afternoon about |9, 000, 000
^?^u' ^^^''^'^ ^°<1 uncalled, were presented for payment, ofwhich $4,600,000 m one lot (uncalled) were presented by aBrooklyn savings bank. Inconsequence of the greater abund-wice of money, call loans on stocks were not higher than 8 to10 per cent on Saturday and Monday, and since then have ruledat 5(g6 per cent. On Government bonds money is lower and8(a4per cent is the latest quotation. Prime commercial paperis 6@7 per cent. *^ ^
The Bank of England statement on Thursday showed an in-crease in specie for the week of £285,000, and the percentage
Sii5fT *°* ^al^il'ties was 41% against 40=3' last week; the
fcToUnn^^*™^',.*^ ^ P«"" '^ent. The Bank of France•^'i, ' M^'*'*^^-^''?";^^
«°'*^ ^"^^ 575,000 francs sUver.
«f nL 9^ T""'''C'ty Clearing-House banks in their statement
?L^ ;i:^. T?*^ '^/"?''r '"urease in then- deficiency below
Iioansanddls.BpeoleOronlatlon...et depoaltfl
.
IjSgal tend«T8.
I«gal reserve.iteMrre held.
Borplog
188Z.Nov. 25.
$309,2084<l,21518.590
277.930ig.ldj
$69,182«7.4n
Dt^er'nees fr'mprevious week'.
.800 DCC.S4500 Dec. 2,700 Deo..000.800
,500.300
Deo. „Deo.
Dec.tlDeo. 2
,817.700,739.90075.000
,664,300118,700
,666,075i,838,600
def.2,071,200 Dec. $1,192,525
1881.Nov. 26.
5314,7,58,57.020.20.000,
286,56615,592
$71,64172,612,
300100;oo
,400,600
.600,,700
$971,100
1880.Nov. 27.
5313,524.90060,177.90018.e6<!,200
289.527,10012,098,200
$72,381,77572,276,100
|Def.$105,675
Wy fir^ fn •r7^ k"''^'^"exchange market has been reason-
«r ^T '",'»/»" business. There are some large negotiations•t completed-notablythe Northern Pacific land sale and
the New York West Shore & Buffalo bond sale—which ought'^l'to make a considerable amount of bankers' bills in the near'
'
future. To-day the prices for prime bankers' sterling bills onactual business were about 4 79V(34 80 for sixty days and4 84 for demand, with cables 4 84^. Continental bills ar«quoted as follows : Francs 5 34% and 5 21 J^ ; reichmarksm-i@49^i and 95i^(ffi95i^
; guilders 39,5^ and 39^^(240.Quotations for foreign exchange are as follows, the highest
prices being the posted rates of leading bankers:
Dee. 1.
Prime banlcere' sterling bills on London,Prime commercialDooumeinary coinmeroialParis (francs)Amsterdam (guilders)Frankfort or Bremen (reichmarks)
Coins.—The following are quotations in gold for various coins:Sovereigns $4 S3Napoleons 3 83X X Reichmarks. 4 73XQuUders 3 968pan'hDoubloons.l5 55Mex. DoubIoonfl..l5 45l<^ne silver bars .
Fine ;?old bars..
ftH 87a 3 87-a 4 77a 4 00®15 70®15 65
1 10143 1 III4parSH prem.
Silver I48 and 'sa. — 99%a par.Five francs — 93 •9 — 95Mexican dollars.. — 86 -a — Se\Do uncommerc'l. — 83 a — se^sEnglish silver.... 4 75 a 4 83Pius. silv. thalers. — 68 a — 70HlU. 8. trade dollars — 9914 a — 99 »§n. B. silver dollarH — 99% a par
Dimes & "a dimes. — DO'S® par
United States Bonds.—The demand for government bondshas been active, particularly to-day, and all issues have comein for a share of the buying on the part of moneyed corpora-tions and investors. The call for bonds issued by SecretaryFolger November 35 was as follows :
Treasury Department, Not. 25, 1888.AsKietani Treasurer United States, New Tork :
In lieu of a call for liouds of the 5 per cent funded loan of 1881, con-tinued at 3»s per cent, by big 1)681 numbers, at a notice of three months,as required l)y law, and then in anticipation of payment, without rebateof interest, the Secretary of the Treasury will, on the 28th of Februarynext, receive and pay $10,000,000 of those bonds wliich have not beencalled for payment, without specifying numbers and without regardthereto, if the holders present them tor payment, and lie will, any timefrom now to that date, pay that .amount of those bonds, without rebateof interest, if they are presented at your otlice.
Charles J. Folger, Secretary.
State and Bailroad Bonds.—The public sales of Statebonds have been mainly in Tennessees, of which the sixes soldto-day at 42J^ and the compromise bonds at 50J^.Railroad bonds have sold rather more freely this week, and
prices were generally stronger, in sympathy with the improve-ment in stocks.
The closing prices at the N. Y. Board have been as follows:
58, continued at 3^..4iss, 1891 reg414s, 1891 coup.4s, 1907 reg.48,1907 coup.3s, option U. 8 reg.Ss, our'oy, 1895.. reg.6s, cur'cy, 1896.. reg.6s, our'oy, 1897. .reg.6s, our'oy, 1898. .reg.6s. our'oy. 1899.. roe.
InterestPeriods.
Q.-Feb.O.-Mar.Q.-Mar,Q.-Jan.Q.-Jan.Q-Feb..1. & J.J. & J.J. & J.J. & J.
* This is the price bid at the morning board : no tale was made.
Railroad and Miscellaneous Stocks.—At the date of ourlast writing, stocks were near their lowest point, and after afurther downward move on Saturday morning the marketturned. The relaxation in the money market and the reportof a probable settlement of the railroad war had much to dowith the recovery at that time, and since then the fluctuationshave been less violent, although prices are naturally sensitive,
and to-day there was a sharp falling off in the last hour ofbusiness at the Board.The railroad managers have gone to Chicago to confer aboirt-'
a settlement of the Northwestern war, but what the outcome
'
will be is probably more than they can all tell themselves atthe present moment, since a desire on the part of one singleparty to have the war kept up may be sufficient to prevent animmediate settlement. But other stocks should be cut loosafrom these few that are keeping up an internecine strife thatdamages only their own interests. The tmnk line prospectsseem to be particularly good just now, as they are getting full
rates, and tlie tonnage must be large. The Erie report doesnot make a bad showing for such a year as 1881-83, and th»company has been actively engaged in new developmentswhich are expected to tell on its future business. The CanadaSouthern lease or alliance with Michigan Central has not yetbeen perfected, but their interchange of traffic very closely is
practically a settled matter. The coal roads have had a verygood year, and now both Reading and Jersey Central ar»agitating the subject of getting out of tlie receivers'
hands. Mr. Gowen has just arrived from London, but onReading affairs he is as silent as an oyster. On theSouthwestern roads the current earnings are immense, and if
the public only knew what they meant; if tliey had only a clear
and full annual report of Missouri Pacific and her several chil-
dren, for the year 1881 to compare with, it is probable that thestocks would reflect more sliai-ply the large earnings. Denver& Rio Grande was one of the stocks that rebounded most de-cidedly from the extreme depression; but if there was anythingfurther of importance than the covering of a large short inter-
est, it has not yet been made public.
At the close to-day weakness was the prevailing tone.
DBCBUBER S, 1883. J THE CHRONICLE. G27
«ANGK IN PRIOKS AT THB N. Y. STOOK: EXOUA.NQB FOR THIS WBBK, A.VD SliVOK JAN. 1, l««3.l:ji.
HAII.IUtAIIM.Allegany CentralAtohiHon Toiieka .t S»nt» Fe..BoHtoii ,V N. V. Air I.lnfl, prBl.BarlliiKtoii (!e(lAr H»p. A No..Caiimla SouthernCe<lar Falls A MinnesotaCentral IowaOentrul o[ New JerseyCentral PaolHcOhesaiioako A Ohio
110 )8t pre(—Do 2d pr»t
Ohlc«KO& AltonCtalvAKO Hurlinitlon 4 (Jalnoy.Chicago Milwaukee A St. Paul
Uo I>re(
Vbicago<& Northwestern—Do pret
Cblcago Hook lal. * Paciilc
—
OtilcaKO Mt. L * New Orleans.Chicago yt. Paul Minn. <jt Oni
Do protOinclnuaM Samlnsky A ClevOlevelnnil Col. t'In. A Inrt...
Eyanayllle A Terro HanteFort Worth A Denver City—Ureeii liav Win. A St. Paul...Hannibal 4 Ht. Joseph
Do prof...Honstou A Texas CentraltUiuuis CeiitralIndiana lilooin'n <ft Western ..
Lake Krle A western—ijOce ShoreLoag IslandLronrsville A Nashville...Lonlsvlllfl New Albany A ChioManhattan
DC Istpref...Do common..
Uanhattau Beach CoMeiui>hls <&Cliat'ieBton...Metro{>oli ta n Klevated. .
.
juii'hiKau CentralMilwaukee I.. Mh.& \Ve8t.,pretMlnueapulls <& Bt. Louis
Do pref..Mlssonrl Kansas 4 TexasMissouri PaclHcMobile A OhioMorris i& KssexNashville Chattanooga •feSt.L.New Vork Central A Hndson .
New Voik Chi«. A St. Lonis...Do pref.
New York Elevated"Sdii York Lake Erie A West.
Do pref.New York A Now England....New York New Haventk Uart.New Yolk Ontario Jt Western.•Norfolk & Western
Do pielNorthern Pacilic
Do prefOhio CentralOhio A Mississippi
Do prelOhio SouthernOregon A Traus-Conttuental..Panama, 'i'nisl (.'o. certldcatesPeoria Decatur tt Kvansvtlie..Philadelpliia «t KeadiuKPittfiijiirg Ft. Wayne jiCliic...Beuffiolaer A Saratoi^aKicii -(& Allugti.,i4C'ck li'ustctfs.Bicli.Jioud A DanvilleBiohmuud A West PointRochester A PittsburgRome Watertovvu A Ugdensb.Bt. Lonis Alton A Terre Haute
Do pref.Bt. Louis A Sau Francisco
Do pref . ..
Do Istpref.Bt.PaulA Dnlatb
Do prefBt. Paul Miuueap. A M^tobaTexas <tc PaciUcToledo Ueiphus A Burlington .
TToion PaciilcWabash -St. Louis A I'acilic ...
Do pref.nilM(:KI,I,AMi:(MI8.
Aniericau Tel. A Cable CoColorado Coal A ironDelaware A Hudson CanalMutual Union TelegraphOregon Kailway A ^av. CoPaciHe MailPnllnian Palace CarWeslern I uioiiTo.egraphBulro Tunnel
KXPKESH.AdamsAmerican•tJnlteJl StatesWells, Fargo « CoCOAI> ANU niNINU.
Central of Ga...Central PaeirtcCharl.Col.&AusCliroap. A Olilii
ChicBE" * AltonClilc. Bur. A Q.Chic. A Eiwt. Ill
Chlc.AtJr.rnmtOhio. Mil ASt. PChlo. A NorlliwCh.St.P.Mlii.AOChin. AW. Mid'Cln.In(l.St,.I..ACCiucliinnM SouthOiev.AkroiiAt'oColiiiiib.AGrwn.Ct)l. Hock. V.ATConnotton ValDetiv. A RIoGrDcnv.A R Ur.W.DcsM. AFt. 1).
Det. I-aii. A No..Dill). A gioii:< ('
E.Tenn.Va.AGaEllz. Lex. A B.S£vatiAV. A T. H.Flint AP. MiiniFt.W. ADpiiver.Gal.Hivi'.ASaii AGrand Trunk*..Gr.BayW.ASt.rGnlfColAS.iii.FiHannU>HlASt.,l<Houp.E.AW.TexIllinois Ceil. (Ill.i
l>o (Iowa)Ind.Blooni.A \\
Int. A Gt. Not til
Iowa Central . .
.
K.C.Kt.8. AUnltIfc Erie A Wewt'ii
L. R. AFt.SiiiitliL.Kk.M.Riv.ATLonsT l6lanil—Lonisv.ANashvIiOuis.N.A.&tUiMar.Hongli.AOMexican Cent
Do So.DhUexican ^at'l..MIl.L.Sh.AWw,Minn.ASt. lJOU)^
Mo. Kan. A TexMiBsouri Pavitlt-
Moliile A Ohio.Metropol. -Elt-v
K. Y. ElevatedNaaliv.Ch.ASt.lH. Y.AN. EoKlMNorfolk A WentNorthern Cent.Northern Paoitii
Ohio Central...Ohio SouthernOregon lni{i. CoOregon R.AN.CtOregon A Cal..Pennsylvania .
Peoria Uec.AEvPhiladelp.AKriiFhila.A RemliUiDo Coal A li
Bichui.A Uanv.Bt. L.Alt.AT.U
Do <brcli8.)
Bt.L.Iron -Ht.ASBt.l...A8an FranBt. Paul AUul..Bt. P. Minn.AMBcloto Valley..4B0.P.10. Cal...
I N«n"htrVi>TvUlo,r'*™,,1''*,' T"" ^"8 1 -• t Freight earnings.J wortuern Division.
|| luoludod In Central PaeiUo earnings above
.-5"3 S'ltJ-TreasiirT -The followiQg- table Shows the receiptsimd payments at the 3ub-Treasurr it, tais citr, as well as theOalaBces ID the mmt,. tor w^h aatr of th'^ past weeK:
New York City Banks.—The tollov^ia^ statement shows tb»condition of the Associated Banks of New York City for theweek endincrat the commencement of business on Nov. 25:
GKNERAL QUOrATIONS OK STOCKS AND BONDS.Quotfttloiiulo Hovr Yiirli roproHoiit tiio percent vnliio. wliiitover the par \aay be; oClier quotations are tr«<|iieaU]r ina4e pemhare.The fDllowinu abbrovlatlims iir« often uDeil, viz • ">£.," for inortifajje; " «.," for K0I4 ;
" K'<I," for ((uaranteed ; "end.," rorealoned: " oooa."
tor consolidated ;" oonv.," for oonvortllile ;
" s. f.," for slnkinK fund ;" 1. K.," for land grant.
Quotations In New York are to Tliursday ; from other cities, to late mail dates.
Snbaorlbera will confer a fttvor by gtying notice of any error dlncoTered In these Qnotatlona.
78, L. R. & Ft. 8. issue, 1900.A & O78, Mcnipins & 1,. R., 1899. .A & O78, L. R.P.B.&N.O., 1900. .A &078,MiBS.O. & R. Rlv.,l900..A ,& O78, Ark. Central RK., 1900. A & O78, Levee of 1871,1900 J A. .1
68, do A&O 15068, do coup, off J & J 13068, do coup, off A&O 13068, Funding act of 1866 1900 J&.I 1068, do 1868,ia98A&0 1068, new bonds, 1892-8 J&J 1568, do A&O 1568, Chatham Rl{ A&O 468, special tax, class 1,1898-9A&1) 568, do class 2 A&O 56e, do class 3 A&O 548, new, 1910 J & J 7848. new, small 75
Bath, Me.—6s, railroad aid Varl lOlij5s, 1897. municipal
Belfast, Me.—6s, railroad aid, '98
Boston,Mass.—6s,cur,long,1905Varl68, curr'ency, 1894 Var.58, gold, long Var.l4138. long '., ...
4s, currency, long J&JBrooklyn, N.Y.—78, short J&J7s, Park. 1 mg J&J7s, Water, long J&J7s, Bridge, long J&J6s, Water, long J&J6s, Park, long J&J68, Bridge, long5s. Bridije. lougKings Co. 78, 1882-'89 M&N
do 68, 1882-'86 M&NBuffalo, N. Y.—78, 1895 Var.7s, water, long Var.l6s, Park, 1926 M& St
Cambridge, Mass.—58, 1889. ..A&OI6s, 1894-96. water loan J&Ji6s, 1904, city bonds J&J
Rockland, Me.—6s, '89-99,RR.. F&A•<t. Joseph, Mo.—(toran'mise 4s, 190 i
St. Uiuis, .Mo.—7», 1885 FAA68. short Var.68, long Var.5s, long ..Var.6s. gold, long Var.5s. gold, h>ng Var.St. L. Co.—68, gold, 1905 A&OCurrency, 7s. 1887-'88....Var..
it. Paul. Minn.—68, long78. long8s. 1889-96 Var
8alem, Mass.—68, long, W. L.A&OI3a. 1904, W. L J*"t
1. Francisco- 7b, g., 1888-95... Var.6s, gold, long
do Nel). Rli,lst,7s,A&0|l....do Om.&S.W.,l9r,S9,J&IJ|t....
Dlron Poo.&H.,l3t,8s,lH89.J&J t.
Ott. Osw. & Fox K., 8s, 1900. .T&J t
.
Quincy& Wars'w, Ist, 8s, '90.J&J I 109Chic. & Can. So.—l8t, 78, 1902 A&C 32Chic. C. Dub & Minn.—7s, 1910 J&J 1 106Chic. & East 111.- l8t mort. 6a, 1907 93Income bond^, 1907 85
Chic. & Or. Trunk— 1st mort.. 1900 99Chic. & Iowa—2d M., 8s, 1901.J&J 100Chic. I'a& Neb.—2d M., 58, 1883.. 1 100Chlc.& Mich.L.Sh.—l8t, 88,'89.M&S 1 112Chic. Mil. & St. Paul—Pac. Div., Ist, M., 88, 1898. F&AP. D., 2d M., 7 3-108, 1898. .F&ASt. P. & Chic, 78, g., 1902... .J&JMU. & St. P., 2d M., 78, 1884.A&0La. C, l8t M., 78,1893 J&JI. & M., Ist M., 7s, 1897 J&JI'a. & Oak., l8t M.. 78, 1899.J&JHast. & Dak., Ist M.,7s, 1910.J&JChic. & MU., 1st M.,7s, 1903.J&J1st mort.. eon3ol.. 78, 1905. .J^&J1st M., I. & D. Ext., 7s, 190SJ&J1st M.,68, S'thwest D1V.1909J&J1st M., 5s. La C. & Dav. 1919J&J80, Minn. 1st 69,1910 J&JChic. &Pac. Div. 63, 1910
do West. Div., 58,1921.J&JMineral Pt. Div., Ss, 1910.. .J&JCliic. & L. Sup. Div., 58, 1921...
Chicago & Northwest.-Sink, f., Ist, 78, '85 F&AIntoreat mort., 78, 1883 ....M&NCousol. mort., 78, 1913 CJ-
do 2d M., 78, 1886.A&0a. P. &A8h.,new78, 1892. .AAOBun.& E., new bds, M.,7s,'98.A&OBuff. & State L., 78, 1886.... J&.IDet. Mon. & Tol., Ist, 78, 1906. .
.
Jamest.<fe FrankL.lst, 78, '97. J.fe,l
do 2dM.,78,'94.JAJ)Kalamazoo Al.&ar.R.,lst.8s.J&JKal.A Solioolcratt. l8t,8s.'S7.JA.IKal.AWli.Pigeon.l8t.78,'90..Ji.JDividend bonds, 7e. 1899 . . .A&OIj. S.& M. 8., cons., cp., l8t,7s.JAJdo con8.,reg.,l8t,78,1900.Q—
J
do tons., cp., 2d,78, 1903..J&Ddo cons., rog.,2d, 78,1903. JAIJ
Mlchlg;in Central-Consol., 78, 1902 MANConsol. 58, 1902 M&N 102Ist M. on Air Line, 88, 1890.J&J It 11'.
Air Line, Ist M.. 88, guar. ..M&N tlll>aEquipment bonds. 88, '83.. .A&OQd. Kiv. v., l8t 88, Kuar.,'86.J&J I lOG6s, 1009 MAS58, coup., 1931 MAS 0858, reg., 1931 MAS 98Kalanmzoo&8.H.,l8t,88,'90.M&N tllO
JoUet A N.Ind..l8t,78 (guar.M.C.)MII.L.S.A W.—lat M.,G8,1921.MAN
lat, tncomeaMil. A No.— Ist, 6s, 1910.... JADMinn. A St. L.— 1st .M., 1927. .JADl8t M., Iowa CltyAW., 1909.JAD2d mort., 7«. 1891 JAJSouthwest. Ext., lat, 78,1910PacKlo Ext., lat, Os, 1921
MIss.A Tonn.—lat M., 8s,gerlee "A'89, scries " B" JAJ
Mo.K. AT.—(lona.ass.. 1904-6.FAAConsolidated Gs, 1920 JADlat, Ga, g., 1899. <U. P. 8. Br.)JAJ2d raort., lucomc, 1911 AAOGeneral mortgageBoonev'e B'Ke,7s,guar,190G.MANHan. A C. Mo., lat 7a, g.,'90.MAN
Mo.Pac—l9t mort.,G8,gld,'88, F&AC(m8ol. 6s, 1920 M&N2d mort., 78, 1891 JAJCar. B., 1 St luurt., Gs, g. '93..AAO3d mortgage, 7s, 1906 MANIncome, 7s, 1892 MAS
Mob. A Ala.Or.Tr.— l8t,78,g'ld,'95Mobile & O.—lat pref. debenturea.
Oieg.ACal.—IstGs, 1921 JAJi :02Oregon Short Line—1st mort 99Osw.ARome- lat .M.,7fl.l915.M&N 1'20Pan:una—StiTl'g M.. 78. g. '97.A&() ;1 17Sinking fund sub., 6s, 1910. M&N|Subsidy bonds, Eng. Issue, 68.... 1:106
Boston & Albany 100Boat. Clint. Fltchb. & New Bed.lOC
do do Pref 100Boat. Con. & Montreal 100
do Pref., 6. -.100Boston Hartford & Erie new
do do old.Boetou & Lowell 500Boaton & Maine 100Boston & New York Air L,
do do prefBoaton & Providence 100BoKtou Revere Beach & Lynn . . 100Brooklyn Elevated, assessm't paidBrooklyn & Moutauk 100
do Pref 100Buff. N. Y. & Erie, leased 100Buffalo N. Y. & Philadelphia
do do prefBuffalo Pitt8burg& Weatern....50
do PrefBuffalo & Southwest 100
do Pref. ...100Burlington C. Baplda & North. . 100Cairo & St. I^oulaCairo & Vincenuea, pref ,
California PaciflcCamden & Atlantic 50
do Pref 50Canada Southern 100Catawissa 50
do 1st pref 50do 2it pref 50
Cedar Falls & Minnesota 100Cedar Rapida & Mo. and la. Ld.lOO
do Pref., 7 100Central of Georgia 100Central Iowa 100
do Istoref 100do 2dp"ref 100
Central of New Jersey 100Central Ohio..' 50
do Pref 50Ceutral Pacific 100Charlotte Col. & Aug 1 00Chesapeake & Ohio, common . . 100
do Ist prof. ..100do 2d pref.... 100
Cheshire, i)ref 100Chicago & Alton 100
do Pref., 7 100Chicago Burlington & Quiaoy..lOOChicago & Canada SoutnernChicago & East IllinoisChicago Iowa & Nebraska 100Chicago Milwaukee & St. Paul.lOO
do Pref., 7-100Chicago & North Western 100
do Pref., 7.100Chicago Rock Island & Pac 100Chic St. L. &N. O 100Chic. St. P. Minn. &Om.,com..lOO
do pref. . 100Chicago* West Michigan 100Cin. Hamilton & Dayton 100Cin. ludiauap. St. Louis & ChiclOOCincinnati & MillordCincinnati N. O. & Tex. Pac 100Cin. Sandusky & Cleveland 50
do . Pref., guar., 8.50 142Delaware & Bound Brook 100 §51%Delaware Lack. & Western 50 1 25%Denver & New OrleansDenver & Rio Grande 100Denver & Rio Grande WesternDes Moiues & Fort Dodge
do do Pref.
.
Det. Lansing & Northern, com . 100do do Pref. 100
Dulmriue & Sioux City 100Eivst Tennessee Virginia & GalOO
do do Pref.Eastern (Maas.) 100Ea.steru In N, H 100Eel River 100Elmira & Willlamaport, 5 50
do Pref., 7.. 50Erie & Pittsburg, guar., 7 50EvausvlUe & Terre Haute 50Fitchburg 100 132Flint & Pere Marquette 18%
do do Pref 96Port Worlh & Denver C 100 37%Georgia Railroad & Bank'gCo.lOO 145Grand Rapids & ludiana 8Grand River Valley, giiar., 5.. 100Green Bay Winona & St. Paul. . 10u|
do Pref. ...100Hannibal &St. Joseph 100,
do Pref., 7. 100Harrlsburg P. Mt. J.& L., guar. 7.50Houston & Texas Central 100Huntingdon & Broad Top 50
do do Pref... 50 5 30minols Central 100 144;%Indiana Bloomington & West., new 33%Indian. Decatur & 8 p., com 4
do dn Pref. ..100Iowa Falls & Sioux City 101
1
Jeft'V. Mad. & Ind'p'a, leased . . 100Joliet & Chicago, guar., 7 100 135Kansas City Ft. Scott& Gulf.. .100 74
do ao pref.. 100 120Kentucky Central 100Keokuk .te Des Moines 100
do Pref....loOLake Erie & Western 100 29=8Lake Shore & Mich. 80 100 II314
78% Lehigh Valley 50 §61%l160% Lehigh & Wilkesbarre117 Little Rock & Fort Smith 100 43
Little Miami, leased, 8 guar.. .. 50 146Little Sehuylkm, leased, 7 50 §.Long Island 50Louisiana & Mo. Elv, , Com 100 .
do Pref., guar.. .
Louisville & Nashville 100Louisville New Albany & Chic. 100Macon & AugustaMaine Central 100 68Manchester & Lawrence 100 165Manhattan Beach Co 100 17Manhattan Railway 100 42
20 Metropolitan Elevated 100143 .Mexican Central lOu
Mexican Nationalno do pref29% Michigan Central 10065 Michigan & Ohio50 do Pref69 14 Midland of New Jersey48% Mil. Lake Shore & West 10055 do do Pref 10087% Mine Hill & 8. Haven, leased 50 §
.
36I4 Minneapolis & St. Louis 10024 do do Pref.... 10035 Missouri Kansas & Texas 10026 Missouri Paciflc lOO1 Mobile AOhioRR 100
135 i Morris & Essex, guar., 7 50Nashville. Chat. & St. Louis 25Nashua & Lowell 100Nashua & Rochester, guar., 3. 100Newburg Dutchess & Coun., prefNew Jersey & New York
do prefNew Jersey SouthernNew London No., leased, 8 100N. O. Mobile & Texas 100N. Y. Central & Hudson River. 100N. Y. Chicago & St. Louis, com 100
do do Pref100N.Y. Elevated 100New York & Harlem 50
do Pref 50N. Y. Lack. & West., guar. 5. ...100N.Y. L. Erie& West 100
do Pref 100N.Y. & New England 100N.Y.N. Haven &Hurtford 100N.Y. Ontario & Western 100
do Pref.N. Y. Penn. &Ohlo
do pref6714 N.Y. Prov. & Boston 100
N.Y. Susquehauna & W^eateru35 N. Y. West Shore & Buffalo. .
.
102 Norfolk & Western, com 100120 do pref luO9i 1 14 iNorth Peunaylvania 50
Ask.
167
7060142%
125%
463826
7711490108a18%309166 .
104
132%1996%38^4
15515
5280
77"173314534%3
8690
76122
291S9113a»65
5162
1266
90146
10278 103%119
153
8246%101%65
1396
4783151059
97%51215
45
5961
51J470
7216719468546
60%113
578520
9778
2865%31%
102 14
lo%12451%
14355
15
2515476-.i''g
28%6632102%2012452147575%3%
129%141430%90200
83%36»8854518426%
2%
148
13014%31105
8436%8346
27
3%2%
271550%
30205164
: In Laadoa. § Q lotatiou pt>r share.
Dbckmbbr 2, I8i3.j THE CHRONICLE. « 3
(JBXEIIAL QLrorAl''I()>[S OB" SPOOKS XSD BO>IDS—Oo.vtihobu.For Bxplanatlonn lee Notes at Head of Pint Pace at <laotatloa>.
Camai. Bokds.
n«. STi»0K8.• 'ONTINUKD.
Nortliern Central ... 50Nortli'n N. nmup.lOONorlli'ii Pan., com. 100
do Pref.lOONorw.it Worcester. 100OicA. & U Clmmp.l'ioOhio Central 100OlitoA Miss 100OHIO fioiitliern 100Old Colony 100Oregon & Calif. ...100
Prov. & Worc'ster.lOORena. & Saratoga.. 100Elcli.& Alieg., stock..Richmond A Danv.lOOBloh. F. &P.,com.lOO
do Guar. 7.100do do 6
Elcluuond & P'b'g.lOOEich.& West Point....Richmond York R.& C,
Rochester* Pitts. 100RomeW. &Ogd...l00Rutland 100
do Pref., 7. .1006t. Joseph &, Westernet.LoulsAlt.&T.H.lOO
do Pref.lOOBellev.&8.Ill.,))f.lOO
8t. Louis & San Pr.lOOdo P/ef.. ..100do 1st pref.lO*
St. L. Van. & V. H8t. Paul & Duluth.lOO
do Pref.lOOBt. P.Minn. & Man. 100Bclotii ValleyBeab'd & KoanokelOO
do Guar.. 100Bouth Carolina ...100B' west., Ga., g"d, 7 . 100Byr. Bing. & N. Y.lOOBunimit Branch,Pa. 50Terre H. & rnd'nap.50Texas & Pacitic . . . 100Texas & St. LouisTol. Can. So. & DetTol. Cin. &St. Louis ..
Tol. Delph. & Bur. 100U. N.J. KK <kC. Co.lOOlsUnion Paeilie 100Utah Central 100Vt. & Can., leased. 100\t.& Masa..l'sed.6.100Virginia Midland, com.Vicksb. & Meridian . .
.
do pref. .
.
Wab. St. L. & Pac.lOOdo Pref.lOO
Warr'n(N.J.),r8'd,7.50Westoh. <fe Phila.,pf.50West Jersey 50WestJersey & AtlanticWestern MarylandWll. Columbia ,& Aug..Wll.&Wold..l8d., 7.100Wisconsin Central
Rocli & PtttHb.,HUbs..8t. Paul rightsTex.&St. L»uis.sub.90!(
IKIPRnVRn^T Sc«1t>\STU>iV V<*H.
Ain.R'yIinp.,exb.&atkCent. N. J. Land Imp.Contiiienial (.'luis., 8.3)8
Cent. H'v Construe.7Wnu(l.Riv.Contnict..40»Internut.linp. Ex.. 80«N. Y. l.,oan & Iiiip'mutN. Y. & Hcranton (Jons.North HlverCon8..80;<Oregon Improvement,
do 1st M. bondsOriental GemsTex.& Col.Imp.,60 D.c.
OAS STOCKS.Bait. Consji. Gas...Boston Gaslight. ..500East Boston 23South Boston 100Brookline. Mass... 100Cambridge. Mass.. 100Chelsea, Mass 100Dorchester, Mass . . 100Jamaica Prn,Ma8aI00Lawrence, Mass. . . 100Lowell 100Lynn, Mass., G. L..100Mald.& Melrose. ..100!fewton& Wat'n ..100"lalem. Mass 100Fall Kiver 100Brooklyn, L. 1 25Citizens'. Brookl,yn-20Metropolitan, B'klyn..Vassau, BrcMiklyn ..25People's, Brooklyn. 10Wllliamsi>'g, B'klyn .30
0harle8t'n,8.C.,Ga8.25Cliicago G.& Coke. 100Cincinnati G. & Coke
.
Hartford, Ct., G. L..25Jersey C.& Hobok'n 20People's, JerseyLouisville G. LCentral of N. Y 50Harlem, N. Y 50Manhattan, N.Y... 50Metropolitan, N.Y.IOOMunicipal 100Mutual of N. Y....100.New York.N.Y....100N. Orleans G. L. ..100.V. Liberties, Phila.. '23
Washington. Phila..20Portland, Me., O. L.50St. Louis G. L .30
l.«cledo, St. Louis. 100(<arondelet.St.Louis 50Sail Franeisci) G. L. ...
Cres't Mills (F. R.) 100Crvst.ilSpr. Kl.(f.R.).Davol Mills (F. R.) 100Dougl's A xe ( Mass) 100Dwight (Mass.). ..500Everett (.Mass.)... 100Fall Riv. Iron W. .100P. R. Machine Co. .100F. R. Merino Co... 100Flint Mills (F. R.) 100Franklin (Mo.).... 100GrbeY.Milla(F.R)100Qranite(F.R.) ...lOdOGreat Falls (N. H.limi ....
Hamilton (Ma.ss.) 100011140Hartf. Carpet (Ct.)lOO 25>Hill (Mo) 100 98%Holyoke W.Power, too 228Jackson (N. II.). .1000King Philip (F. R.) 100 linLae<mia(M«> tOO 5il3
Marine 104)Market I'JOMechanics' .25Mechanics' A Tr.. .25Mercantile 100Merchants' —50Merchants' ExcU'ge50Metropolitan ..... 100Nassau 100New York 100N. Y. Nat. Eich'gelOONew York County. 100Ninth National. . . . 100North America 70North River 50Oriental 25Pacific 50Park 100People's 25Phenix 20RepubUc 100Second National. .100Seventh Ward 100Shoe & Leather 100St. Nicholas 100Stateof N. Y 100Tradesmen's 40Union 50United States NatWall Street Nat 501U00PHILADELPHIA^
B'k of N. America . 100Central National.. 100City National 50Commercial Nat 50Commonwealth Nat 50Consolidation Nat.. 30Corn Exchange Nat.50Eighth Nat 100FlrstNat 100Farmer8'&Mech.N.100Glrard National 40Kensington Nat 50Manufacturers' Nat.25Mechanics' Nat. ...100Merchants' Nat.
City Bank 26First Nat 100Merchants' Nat... 100Nat. Bk of VirginialOOPlanters' Nat 100State Bank of Va.lOO
ST. LOUIS.B'k of Commerce. .100Commercial 100Continental 100Fourth National ..100International 100Mechanics' 100Merchants' NatSt. Louis National.lOOThird National 100Valley National... 100SAN FRANCISCO.
Bank of California. .
.
Clay StreetFlrstNat. Gold.... 100Nat.Gold Bank& Tr. CoPacifloFIRE INSIIR'CE
STOCKS.BALTIMORE.
Associate Firemen's.
5
Baltimore Fire Ins. 10Firemen's Insur'oe. 18Howard J'iie 5Maryland Fire 10Merchants' Mutual. 50National Fii-e 10
BOSTON.Americiin F. & M..100Bo.sfon KKIBoyiston jlOOCommonwealth. ..100Dwelling House. ..100Eliot 100Firemen's 100Franklin 100Manufacturers'. ..100Mass. Mutual 100Mercantile F. & M.lOONcptimeF. & M...100North American ..100Prescott 100Shoe A Leather. ..100Washington 1 00
Imperial Fire 25Lancashire F. & L. .25fy>ndon A86.Corp.l2%Liv. & Lond. &Qlot)e.2North'n Fire & Life . .5North Brit. & Mer. 8%Queen Fire <fe Life.. .1Royal Insurance 3NEW ORLEANS.
Crescent MutualFactors' and Traders'Firemen'sGermaniaHlbemiaHomeHopeLafayetteMerchants' Mutual .
The INVB3T0E8' SoppiiBMBNT contains a eonvplete exhiint of %ht
Funded Debt of State) and OUi'es and of the Stocks and Bonds
0f Railroads and otfier Oompaniee. It U pnblisiied on tA/e laH
Saturday of every cihtr month— viz., February, April, Jun«,
August, October and December, and is furnished without tixtra
.tharge to all regular subseriben of the Chsonioib. Single eofie.s
•r« told at $2_ per copy.
ANNUAL REPORTS.
New York Lake Erie & Western.
(For the year ending Sept. 30, 1882.)
The report of this company for the fiscal year ending Sept.
30 has been issued more promptly than usual. The tables of
traffic, income, expenditures, &c., are compiled below, fromwhich it appears that the total net income was $7,668,335,
the expense.s for interest, rentals and all charges were
$6,501,693, and the net surplus of the year was $1,166,612, to
which surplus should be added the amounts realized from other
sources, as follows : From sale of iJ600,000 second consolidated
mortgage bonds, .?603,816 ; from sale of $2,500,000 reorganiza-
tion llrst-lien mortgage bond.'*, $2,466,395 ; from balance re-
maining from fund advanced t(> construct New York Lake Erie
& Western Goal & Railroad and other improTements, $6^1.129 ;
from estate of the Erie Railway Company, sale of the GrandOpera House property, $715,000 ; sale of 2.766 shares of Cleve-
land Columbus Cincinnati & Indianapolis Railway Companystock, $231,762; sale of premise.s, 331 West Twenty-third Street,
•$20,000, making, with the above surplus of $1,166,642, a total of
$5,827,745 in cash resources over and above the annualcharges. The report says :
" This amount has been applied largely to improvements of
the road and property, the acquisition of necessary equipmentand real estate, the purchase of the capital stock of the Bloss-
targ Coal Company, and stock of other companies in which it
was advisable for this company to have a controlling interest."
President Jewett says in his report :" The earnings and si-
nenses of the year, compared with those of 1881, show adecrease in gross earnings of $739,831 ; a decrease in workingexpenses of $168,136, and a decrease in net earnings from traffic
of $571,695. The working expenses have been 65}^ percent of the
earnings, being an increase of l)i per cent over those of the
Srevious year. This increase is accounted for chiefly by the re-
action of rates."" The merchandise freight carried was 5,790,566 tons, an in-
crease over the previous year of 222,593 tons ; coal, 6,104,672
tons, an increase over the previous year of 585,822 tons, makincf
the total increase in tonnage 808,415 tons, and showing an«ieess of coal over the merchandise tonnage of 314,106 tons.
The earnings per ton per mile on merchandise traffic were only
722-lOOOc., a decrease from the previous year of 67-lOOOc., andfrom even the low rates of 1879 of 23-lOOOc. Had we received
from this class of tonnage the rate (789-lOOOc.) of the
previous year, we would have earned an additional sum thereon
of $895,988. * * The earnings per ton per mile on coal were
.808-lOOOc., a decrease from the previous year of 37-lopOc.; but,
notwithstanding this, the earnings increased $85,945, because
of an increased movement of over 36,000,000 ton miles. Hadwe received from this class of tonnage the rate (84,5-lOOOc.) of
the previous year, we would have earned an additional sumthereon of $224,220."
The funded debt of the company Sept. 30, 1881, was$67,165,665. The plan and agreement for the reorganization of
the Erie Railway Company,which was made part of the articles of
incorporation of the N. Y. L. E & W. Co., provided for second
«onsolidated mortgage bonds to the extent of $25,000,000. Ofthis amount $24,400,000 were issued to bondholders of the Erie
Railway Company who assented to such plan and agreementof reorganization, leaving $600,000 of said bonds in the treasury
of the company for sale or other disposition. During the year
these bonds have been sold, and the proceeds devoted to neces-
sary improvements. The plan and agreement of reorganization,
as well as the second consolidated mortgage, provided for the
creation and disposition of reorganization first lien bonds to the
amount of $2,500,000, for certain purposes therein named, andthese bonds have been disposed of during the year.
The total amount of the funded debt on Sept. 30, 1882, is
.$70,267,137. „ ^The old third mortgage 7 per cent bonds will mature March
1, 1883. amounting to $4,852,000. Arrangements have been
made for the extension of these bonds, from the date of their
maturity for a term of forty years, at the rate of 4)^ per cent
per annum, which will make an annual saving in the interest
account of $121,300.Mr. Jewett comments at much length upon the policy of the
company in acquiring new connections. He remarks that, hav-ing made great progress in the improvement of the road, its
equipment and terminal facilities, the board turned its atten-
tion to the development of local interests and properties alongits line, as well as to the securing by roads under its control
independent access to the great trade centres of the West.The Bradford Branch Extension is finished, and a satisfactory
co.ntract I»» been enteT«d ini o with the Pennsylvania RailroadCompany forthe construction «. 'f a road connecting Johnsonbarg,the end of the- Bradford BranciH Extension, with Palls Creek, ontheir Allegbaiay Valley (low gra de) road, thns opening the coallands of this oompaoy in the tfoantiea of Jefferson, Elk andMcKean.The Lehigh Valley Railroad c mnecta with the New York
Lake Erie & WeBtem road at Wa» erly, 167 miles east of Buf-falo. On May 1^1882, a eootroct was made, to eontinae tenvears and thereafter until oneyear'* notice is given of a deaire
t, 1 terminate it, for giving to this coiupany at Waverly, for all
pi lints west thereof, its entire traffic, ecal and miscellaneous.The Erie & Wyoming VaMev Itailroa<.' is t<>b« comtructed, l>y
rjn ue of an agreement with the Pennsyhvania Coal Company forthe use of their lands and planeH ovei' the mountains, for sBtjini'ard gauge road, to be run direct to the eolliei-irs of theNew 'i 'ork Lake Erie & Western and to those of other u<mpani«s.Thesw negotiations have resulted in a contract by which this
compai '7 will secure, ea-it and west, the entire j-iroduct ef thecoliierf* ^ of the Penn-sylvania Coal Company, amy by wZriiih it
can pyol 'ably secure the transportation of a larfef> amoont ofother cro* I from the same region, provided the Delaware- &i&idson C» nal Company will unite in a wmilar contr.iet.
The EBw* <burg Coal Company was representi-d by £»ra.pita)of
$V,000,00#! but subsequent to its organization, in addition to-
ite>own pjop erty, it had acquired la»r<jely of the pniperty ofother coal ani 1 railroad companies. This property of tne com-panyis sitwat sd in the State of Penneylvaaia, about fifty miles'south' of ths .
New York lake Erie A( Western Railroid, con-nected' thersvri th at Elmira. by its own roady and at Coraing bythirty miles of its own roadt in connei;tion with fifteen' miles-over vriiich itrtr. ickage rights. After ct^nsiderable negotiation,the stock, of this compiiny was pnrch»-.ed for $2,000,000. Ofthis amount ^,Si 15,000 was paid in ca.sh aad the Grand Oper*House propertiy in as put in a/t a valuatioai of $715,000. Bytbispurchase- tney tak e the owneiahip and coitrol of about sixty-six
miles of railroad »^d of aboafr 28,000 acres of coal lands, wbiehare fully dfcvelofkefl' and prodccing about •«e,O00 tons annn^ly,together with- two liundred coke-ovens, prodboing about 60,860'tons of coke-pep aanum.The Chicago & -Atlantic Railway is a vnsi from Chicago-
eastwardly to the tcwn of Marico, onthe Ifew^York Pennsyl-vania & Ollio-BCailroaii, a distance of about 3t»'*mile8. The lin«-
is a direct oatr, free from curve!*- and grade*- The companyentered into »> contract with Mesmrs.- Conant & .'-^mith for theconstruction of the road, agreeing to give tk*m> iu considera-tion therefor the entire proeB^Jd8 of its iMirtgi^e bonds.($6,500,000) and its entire capital stock ($10,000,000!, but it wasstipulated that ninety per centnat'of the sMok whouid bedeposited wiihi Mr. H. J. Jewett,,Pife<ident oMhe Erie, with.
the irrevocable proxy to vote thereoa 'during th» life of thebonds (thirty years from the date t^j^reof ;, thereby securing tothis company the absolute control o5 the road fv>psitch period.
The road is now near its completion, ib has beea-well and sub-stantially constructed, and will probafcly be in ' ooodition foractive business early in January, ISfS;'
By the control of the Cincinnati llucilton & Dxyton road, wesecure independent access to the trade and marketsefiCineinnati,Indianapolis, Dayton, Richmond and Toledo. TBe-aomberofmiles the control of which is thus acquired is abocb three hun-dred and fifty. An. agreement was iiiadti wiih th» holders oftwo millions of its stock (that being a majority cfr the whole),
by which the representative of this csmpany t)ec3«e the pur-chaser of the stock,, the parties from whom the purchase wasmade agreeing to- reaeive beneflcial certificates th-jrefor to th»amount" of $1,500^000, and this company obligating it.self to
make good any failure of the Cincinaati Compaay to pay asemi-annual dividendl of three per cent upon the- amount ofstock thus controlled, the title to the stock and the Toting powerthereon remaining with your company or its repvesentatiTes
indefinitely. The board- regard this a very valuable acquisition.
They anticipate no- loss from the guaraaty, but g^ali advan-tages to be derived from the power thattsecured.
In the general profita^id loss account of the N. Y. Lake Erie&Western, the interest upon the income bonds and She dividend
upon the preferred stock for the year 1881 are eiiiMvd in thaaccounts of the year 1882, although they were dae and payabla
on account of the earniags-of the year 18S1 ( but not having beea
declared or ordered paid until after the-olose of th» fiscal year..
they were necesaarily carried into the aoeoQuts-of the presaat
year. The board authorizes now the payment of th»-interest
on the income bonds and a dividend of six per cent on the pre-
ferred stock of the company for the year 1881-82.
The tables of comparative statistics, for four yeai»^pa8t, com-piled for the CUBDKICLE, are as follows:
" Interest on bondsN.Y. L. E. .Si W. baggage expr's.Weeliawken Docks—expenses.Grand Op. Honse, i<!C.—expensUnelainied ba;rgagc. lic
Brooklyn Annex—expenses..
.
Elevator at Bnttalo—expenses.Blake's Docks. Buff.—expensesInt crest on funded debtlj<ing i.'octt Co. bonds.— inter't.
Weeliawken Docks—interest ..
Gnar,anteed interestInterest on lo,ins
Interest on mintgages. &oInterest on etpiipmentRentals of leaded linesBus. Br. & E. June. RR. - rent.Patcrson & Newark KR., rent.Countersin'iing bondsLondon otBuo expensesExtending -lA morr. bondsExtending 4tb raort. bonds....State of New Yoi-k—taxesState of Penns.ylvania—taxes.State of New Jersey—taxes...Kent (fe expenses of stock yardsExt'g N. Y. <& > . E. 2d mort. bdsClaimsprior lo Oct. 1, 1-79...Claims prior to Oct. 1. 18-*0...Claims prior to Oct. 1, 1881. .
Construction-Main lineThird rail-Oeneral account.EquipmentEeal estatePaid from special fund—Third riiii »,_.,. ,^_„Second track l|034!2»7Third track, griuling. real es-tate and right (»f way
Improveiui nts at Buffalo...Engine-house at BergenEquipment .-..
Elevator at BuffaloShip basin & docks, Jer.City.Erie International RRMiscellaneods
Echigh docks. Buffalo ...Weeh,.wkcn riocks construct'nBlake's dcieks, BuffaloN. Y. & Fort Lee RRImp. at 40th st. stock \ ardsBuff. A- BoMthw. RR. imp. acc't.Elagg's Railway gatePaid on account of equipm'tStocks of other compiinics.Bond- of other companiesAmounts due by agents, othercompanies. Ac 2 720 1 js
Materials, Ac, at shops and on '
'''•'*''
roadCash on handCash in Lou I'u to pay ooup'''nsBilU receivable... ..Discount (m eommon stock
'"
Discount on bondsEstate of the Eric Railway!."; 151.681 284
Assessments (m common stockErie Railway (,$4 per share). 2,791,424 2,791,424 2.791,224,
Assessments on pref. stockErie Railway (.$2 per share). 116,390 116,390 116.490
Int, on iissessincnts receivedon stock of Erie Railway.and int. and profits on in-vestm'ts. sterl'g exch.. Ac. 377,503 376,197 376,737
Bal. of advaiures to coiif-tructN.Y.L,E,&W,RK, and otherimprovements 624 129
Profit and loss 3,911, 13"8 5,'798',556 6.470i378
$162,550,111 $165,660,962 $170 9-9,814165,680,963
Net Increase In 1881-82 over 1830-81 $5,308,852
l:ostoii & Maine.
{For the year ending Sept. 30, 1882.)
The report of this railroad has just been receive(i. The Pres-'ident .states that the equipment has been fully kept up and theroatj maintained in first-class conditi m, many improveraeatshaving been made during the j ear, including the bnilding ofnine miles of new side track, etc." The net balance for the year, aawil I be seen by the tables below, was $37,921 less than in the ore-ceding year, which is more than accounted for by the increa-sedexpenditures for steel rail.s, ties, taxes and personal injuries,amounting to $114,875 more than in the preceding year. Thetables below, compiled in the usual form for the "Chronicle,give a complete resume of the company's operations and finan-cial condi'ifjn.
Following are the comparative sta istics of trafiic, earningsand financial condition in tfie past four years :
£OAI> AND EQUIPMENT.
1878-79. 1879-80. 1880-Sl. 1881-82.M-;ics of road owned 127 127 131 131Tot.-il road operated 203 203 207 207Locomotives 79 80 84 86Pass, and baggage cars... 164 167 176 182Freight and other cars 1,692 1,844 1,924 1,919Snow plows 11 11 12 12
Total ....12,129.942 12,273,046 12,128,426 12.393.667
LuibilitUs— $ $ $ $Stook.common 6.921,274 6.921,274 6,9.1.274 6.921,'274Bonds (see Supplement). 3,500,000 3,500,000 3,500,000 3,500,000Acc'tsA payrolls for Sept 175,534All other dues, &c 35,528 29,953 29,3-7 128,870Ledger balances 44.147 59,824 3,935 30.487Profit and loss 1,628.993 1,761,995 1,673,829 1.637,.502
Total liabUities 12,129,942 12,273.016 12,128,426 12 393,667
• Consists of $263,144 Dover & Winn. RR. stock, $125,000 DanveraRR. bonds and $302,002 Newburyport BR. stock and bonds.
Deobmbbr ^, 1883.] THE CHRONICLK 637
Boxlon & Albiiny.
(For the year ending Sept. 30, 1882.)
In the Cheosiclb of Vov 4, on pare SIB, was (<iv«n the rft-
port of waruingH aad initoin-i aitoonnt for the lar« fltcal year.The pamphlet report, is now published anf*! additional informa-tion 18 derived therefrom. The total snrp.lus resnliing from theoperations of the year, after providing for dividends and flx-'d
charges, amounting to $44,3S2, has be' »u placed to the credit
of pntit and loss. The savin.; in f,xpenses for the year is
$87,421, making the net revenue $2,.')0 9 more than in 1H8I. Thereal saving in operating eipensr-s pro per is $65,S2S greater thanis shown in the report, but this am' ixxat was swallowed up byinereast-d taies.
"The I0S.S in freight tonnage is w holly in the eastward move-ment. The tons carried froai B'>st nn to Albany and points wt-st
of the Hiid.son Kiver increased fr" m l.'57,(W5 in 1881 to 223.620 in
1882 ; and the whole number of t ,,ns carrie I west, inc uding thelocal traffic, from 895,215 to l,()7'i,234. It is gratifying to find
that the tradi between Boston and the West in general mer-chandise han increased so large ,ly."
An analysis of the earniuirB shows a substantial increase in
all branches of the pa-'sen; ;er service. Receipts from local
trafflc have increa-sed $12.'),5'26 ; fr -m paasenners t'> and fromot her roads, !f220,589 ; from mails and expresses, .•}>75.!S74 -a gainin all departments of the passenger traffic, over last year, of$421,690. The receipts fo ,r transportation of freight have de.creased $344,773, not as m nch as the revenue from passengershas increased. The inccine from local freight has increased
f74,261, while the tonnage has fallen off 13,275. Throughfreight shows a loss bot n in tonnage and rnceiprs. The tonsmoved are 170,644 les",, and the r.-venue $400,603 less. Themovement of freight t> ^ and from other roads, except those westof Albany, shows a g,ain of 5.325 tons, but a falling off of$18,431 in money.
" The loss on tonn «ge is owing to the failure of the crops andthe high prices of g.rain in the markets of the West, which pre-vented a free move ment of cereals for export. The loss in rateon through freig) it arises from quite another cause. For thegreater part of t'ae year, freight both to and from the West wasearried at prices far less than the cost of transportation. Abitter quarrel h/etween the managers of the great trunk lines,
as to the diffe rence in rates which should be charged for trans-portation to Ptud from the Alantic ports and the West, was theoccasion for utter demoralization of rates on all classes of trafflc;
and the most reckle.--8 competition ensued." * » •" The y^ar is specially marked by the retirement of the State
from part„icipation in th- manageinentof the company's affairs.The Governor, in his annual address to the L-'gislature of 1882,laid do-wn the principle that the State ought to be separatedfrom all railway partnerships. Following his recommendationan act was pas-sed authorizing the exchange of the stock of thiscompany held by the State for five per cent bonds, payabletwenty years from date, at the rate of $160 for each shareowned by the Commonwealth. The act provided, further, that,after the assignment of the State's stock to the company, theCommonwealth should no longer have any representation in theboard of directors."The tables of trafflc and income were published in the Chron-
icle of Nov. 4, page 515 The following table shows the gen-eral balance at close of year:
OKNBKAL BAI.A/ICE AT CIX)BE OF EACH KIBCAL YEAR.Jggpte— 1878-79. 1879-80. 18SO-81. 1881-82.
Total liabilities 30,946,926 31.523,528 31,284,332 35,340,876
•Of which $3,858,000 is B. & A. stock.
IGENERAL INVESTMENT NEWS.
Boston & New York .\ir Line.—A special meeting of theetoekholders of the New York New Haven & Hartford Railroadv»as held in New Haven, Conn., on Saturday, to ratify theninety-nine year lea.se of the Air Line road. The lease wasapproved by a vote of 76,837 to 40.
Brooklyn City Railroad.—The company's report to theState Engineer for the year ended Sept. 30 shows its earningsto have been $1,956,836; disbursements and transportation ex-penses, $1,678,451; interest, $44,827, and dividends. 14 per cent,$280,000.
..' .. f .
Urungwick & Albany.—At Frankfort, Germany, Nov. 22, ageneral meeting of bondholder« of the Brunswick & Albanyllailway Companv of Georgia was held. The bonds representedamounted to $993,000. An agreement in accordance with the
proposals of the committt-e and the New York counsel wasunanimously approved. I' wss decided that the conpna certi-
ficates and coupons of 1872 and 1873 should be paid at the rat«of one mark each.
Crtnadiiin P '••iflc.—The stockholders have voted to increasethe capital stock of the company from $15,000,000 to tlOO.OOO,*000.
Ciiiiadi) Son'bern.—A telegram to the New York Trilmnestates that at the me--ting of stockholders at St Thomas,Canada, on N'>v. 30, th" papers wliicli had been drawn to carryinto effect the ariangement between thi- company and theMichigan (Vntral were laid before the meeting, bn' were notsihcned. Though the terms of the whole matter have beenpractically a«rerd upon, and there is a general wi liiiirneHs toclose the transaction, one single troublesome point, interfereswith its legality. This is due tc the Canadian Itailway act,
which prevents a con-olidation and prohibits the making of alease for a h^ntfer term than twenty-one years. N"t«itlistand-ing the probability of a consolidation bcini; eventually t-ffected
through some proper channel, General Manager Taylor statedthat there is not to be an amalgamation, but meiely an ar-langement whereby all the traffic of the Michigan Central wHIgo over the Canada Southern.
('hiciigo niln'Mukec & St, Panl.—The amount paid by thiscompany for the Chippewa Valley & Superior line is reportedas $1,675,000 in negotiable bonds of the Chicago Milwaukee &St. Paul Railway Company, bearing interest at five per cent,payable semi-annually from July 1, 1883.
tialreston II 'uston & Henderson—Tnt<>rnational & GreatNorthern.—A meetintr f>f the stockholders of the International& Great Northern Railway Company has been called to meetat Palestine on December 19, for the purpose of empoweringthe officers and directors to enter into such running or traffic
arrangements i*iih the Galveston Honat<m & H-^ndHrson Rail-road Company of 18S2, or to enter into a contract to Ua^e thesaid Galveston Houston & Henderson Rai'road, or so to acquirecontrol of the said Galveston Houst(m & HenderS'in Rriilroadas may be decided for the best interestsof the Internatitmal &Great Northern Railroad Company, and as a part of said con-tract or arrangement to guarantee the payment of the princi-pal and interest, or either of them, of an issue of $2,000,000 ofsaid Galveston Houston & Henderson Railroad Company's first
mortgage 5 per cent bonds.
Illinois Central—Chicngo St. Lonis St New Orleans.—TheChicago Tribune says that the directors of the Illinoi-" Centralhave finally decided to make the consolidation of these roadsou Jan. 1, 1883.
Indianapolis D'catnr & Springfield.—The application forthe appointment of a receiver of this railroad has been post-poned until next Monday at Indianapolis. In the meantime aneffort will be made to compromise the case by having the Indiana BlO'imington & Westt-rn Company, lessees, advance theamount of the floating debt, $108,000, out of tlie rental.
Minneapolis & St. Louis.—A trust d-ed has been filed in
St Paul from the Minneapolis & St. Lonis railroad lo the Cen-tral Trust Company of New York City for $4,000,000, which is
given to cover an issue in two series of bonds, to be called theimprovement and equipment bonds. The deed is a first mort-gage on all the rolling-stock and equipment of the road, andcovers all other property of tVe road, subject to other mort-gages and claims. The money received is to be used to relaythe present track with steel rails, to buy certain valuable prop-erty in Minneapolis and to make other improvements. The$800,000 bonds known as the consolidated mortgage bonds will
be taken up with a part of the money. The instrument is datedOct. 12, 1882.
Missonri Pacific.-The following is published by theNew York Wo7'ld as an official statement of the operations ofthis road (including the St. Louis Iron Mountain & Southern)for the t«n months ending Oet. 81
:
Gross eamlugs $12,476,623Working expenses (52-44 per cent) 6,543,020
Net earnings '. $5.933,fc03Interest, rental, &o 2,916,607
Net protlt, ten months $3,016,936
MutualUnion Telegraph 'ompany.—Judge Barrett heardarguments upon the motion in beualf of Jay Gould and theWestern Union Telegraph Company to continue the preliminaryinjunction restraining John G. Moore, George William Ballon,
Geo. F. Baker, and others, the Mutual Union Telegraph Companyand the Central Trust Company, from carrying out an agree-
ment for the pooling of a majority of Mutual Union stock, thepool to be under the management of Metsrs. Baker, Ballon andPott*r for five years. In support of the motion to continne thepreliminary injunction granted by Judge Van Brunt, the plain-
tiffs' lawyers claim that the defendants who were parties to thecontract ot Marish 27, 1882, knew that Jay Gould had theWestern Union Telegraph Company for an a-ssociate, and thatthat company obtained through him and the agreement an in- ;
ess THE CHRONICLE. [7oi. XXiT.
I
terest in the Mctual Union Company to the extent of three-
tenths of its capital stock. For the defendants an affidavit
made by John (i. Moore was read, in which it was averred that
Gould told Moore during their stock transactions that he wasnot acting for the Western Union Telegraph Company. Mr.Moore averts that Gonld, having violated the agreement byselling his 30,000 shares to the Western Union in June last, the
other parties considered themselves absolved from allegiance
to it, and have since withdrawn their stock. Judge Barrett re-
served his deiision.
—The application made bv William H. Cameron, a stock-
holder, and Jay Gould, a director and stockholder, of theMutual Union 'telegraph Company, for leave to bring a suit
in the name of the people to vacate the charter of that com-)any, has been granted by Attorney General Rssell, at Albany._n the application complaint is made that the company hasviolated the statutory law of the State by the unlawful increase
of its capital stock, so that it has no valid stock of any issue,
and also by the division of the capital stock between the
directors without any adequate or substantial consideration.
The Attorney General says:
"TheMiitiml Union Tolegrapli Comp.iny was organized Oet. 2, 1880,by a certlllcate filed hy live oliareholders and aseociatcp, stating thocoi>it:il st.ick at $1)00,000, divided into 6,000 shares of $100 each, andprovidinsfurtlicr that, by vote of the Trustees from tame to time, thecajiltal BtocK nilKht be increased liy the issue of 6,000 shares of $100eacli. l{y ceriilieates made on tlie IStli of September, 1881. and theIdth day of I'ebruary, 1882, the directors, who are Ibe same as thoorisiuul associates with t^o exeeplions, certify that the capital stocUhas been increased to $10,000,000, divided into 100.000 shares of $100each. This increase was justified by no law of this State, was in directdefiance of the statute allowii:^ the formation of telegraph compauies,which only allows an increase of the capital stock where no provisionis made in the certificate of incorporation for a future increase. » » •
It does not appear that any easli was ever paid for any shares, but thatnearlv tho whole of the $10,000,000 of stock, with nearly the whole ofan issue of $.1,000,000 of bouds was paid to John G. Moore & Co. forthe constructiou of the lino. From what I can infer, the whole plantcost some $4,750,000. 'ihe stock was evidently regarded as of no valueexcept to control the company, for a share of tho stock was offered foreach boud of the same amount taken, and the shares were soaratelyofl'ered at $5 each." » • • '"J hat the action can be maintainedseems obvious. It wouid be mere evasion to deny tho application onthe f<round that it could not. Therefore, if the court approves and thepeople are properly indemnified, the action will be tjronght. and if aJudKmeut \>« directed vacatin.i; the charter the property will lie sold ortransferred to a rccousti ncted cdmpany or a successor constructed as avalid organization and the proceeds divided amon^ the creditors andother beueflciaries, so that the loss will be only of a violated charter."
New Kork Lake Erie & Western.—The annual meeting ofthis company was held this week. The vote was the largest in
the history of the company, and was all cast by Hugh J. Jew-€tt, the Pres-ident. The tgtal vote was: bonds 196,747, and stock733,390—a total of 930,137 stock and bonds out of a possibleTote of 1,098,957. The follcwing directors were elected: TheronK. Butler, Charles Dana, Thomas Dickson, Harrison Durkee, F.N. Drake, Solomon S. Guthrie, R. Suydam Grant, Hugh J. Jew-ett, John Taylor Johnston, Edwin D. Morgan, Cortlandt Parker,Homer Kamsdell, William L. Strong, Jacob H. Sahiff, J. LowberWeiih, James J. Goodwin and John Frederick Pierson. Thet wo last named are new members of the board, taking theplaces of Henry G. Stebbins, deceased, and William Mertens,resigned. A dividend of 6 per cent on the preferred stock wasdeclared out of the earnings of the fiscal year ending Septem-ber 30.
Kew York West Shore & Buffalo.—The negotiations for thesale of a large amount of first mortgage bonds of this companyhave been concluded to-day with Messrs. Winslow, Lanier &Co., of New York, on behalf of a powerful syndicate of Euro-pean and American bankets,,which they have organized, includ-ing a number of wealthy railroad capitalists and investors. Bythis sale $15,000,000 of cash will be provided, which, with theformer i-ales of bonds at par still subject to call, it is estimatedwill complete the road to Buffalo with tho requisite equip-ment and terminal facilities. The bonds have been taken at anaverage price of 74 per cent and accrued interest, net to thecompany, payable in instalments as wanted for construction.Besides completing the road and providing for extensive im-provements upon the terminal grounds already secured, .f2,000,-000 will be invested in equipment in addition to the §4,000,000already appropriated for that purpose, and a surplus of cashreserved fur interest requirements during construction find forA period thereafter.
Norfolk & AVestern.—The monthly statemeat of earnings andexpenses is as follows
^Northern Paciflc.-The great sale of lands by this company
18 said to have been completed. The English capitalists are totake 3,000,000 acres of land east of the Missouri River, and payfor It in preferred stock at par. The price of the land is M peracre, so that $12,000,000 of the preferrted stock will be retired,or paid in to the company's trea.sury. The whole amount oflands owned by the Northern Pacific Railroad Company east ofthe Missouri Kiver is 3,350,000 acres, and the purchasing syndi-cate have the right to select their land from them. The syndi-cate is composed of Baring Brothers, of London; Lee, Higgin-sonS Co., of Boston; M. Endicott, of Boston, and other promi-nent capitalists of Boston. New York and London. The pre-ferred sock on July 1,1882, was about $42,000,000, and this
^ITv.""'/''''!''!^''?*'^'-^""- 1'he syndicate will desire to se-
«l,i?j,^*dividend already declared on the preferred stock,winch amounts to 11 l-io per cent in scrip, to stockholders of De-cember 9, and it is understood their contract with tJie company
gives them the privi. 'e^e of holding the stock until they willbe entitled to this div idend.
Northwestern Rail '"oad FooL—The N. Y. World reportsthat the articles of agr. 'dement by the parties concerned in theformation of the "Albei * ^^^ route" were filed in the Registerof Deeds ofHce at Minnes. 'Polis la.st Thursday. The articles re-cite the relations of the contracting companies, and show thatthe agreement was executi 'd on the 26ih of September by the-
Minneapolis & St. Louis an d the Rock Island companies, theCedar Rapids & Northern being interested as a eonnectioa.therein, and for the purpos. ^-s of throueh traffic between St..
Paul and Minneapolis and Ci \icago and St. Louis. The agree-ment shows that the connect '^on is by the Minneapolis & St.Louis to Albert Lea, and by '-he Burlington Cedar Rapids &Northern from Albert Lea to West Liberty, and by the RockIsland from West Liberty to C. Hicago; also, that the Minne-apolis & St. Louis, by a runnin( T arrangement with the DesMoines & Fort Dodge, secures e ^trance into Des Moines andmakes certain connections west of Des Moines and east ofCcjuncil Bluffs. The agreement i 'urther sets forth that theMinneapolis, desiring to raise moi <ey for the payment of its-
floating debt as well as for the rej >air and equipment of its
railway, requested the assistance t >f the Rock Island, and,.
should it become necessary, the Rock Island agrees to purchaseand pay for at par, upon request of the Minneapolis & St. Louis,its improvement and equipment moitga ge bonds, not exceeding1,200 of the denomination of $1,000 eacL '•
The agreement further provides that the through business-
shall be prorated on the mileage basi.", ai 'ter deducting 50 cents
per ton in lieu of fixed or terminal chai 'ges, ajt exceeding $5for any one car; and on special classes of coa 'rse freights 30 cents
per ton, not exceeding $3 for any one ear, whieh. sum shall bepaid to the Minneapolis & St. Louis. It , 's further providedthat the Rock Island may terminate the contr. wt by thirty days"notice
The'document is signed by R. R. Cable, M. P. Hawkins, HughRiddle and C. F. Jilson.
There was also filed at the same time an agre. ^ment betweenthe Chicago St. Paul Minneapolis & Omaha and .
"lie- Minneapo-lis & St. Louis railroad companies, by which the f c "rmer secures .
a direct line from St. Paul to Minneapolis, and *hie- latter adirect line from Minneapolis to St. Paul. The a.'jree. ^nent is as
follows:"This aKTcemeut, made and entered into this 25th day of 1 »e?i»mher, .
1882, by and between the Clucajto St. Paul Miuueapolis & Oil "Ma Railway Company and the Minneajiolis <fc St. Louis Railway Compi. '•W-Alter specifying the rates of the roads
:
" Whereas. The Omaha company reiiuires a connection of its 8. l«»I'n«
with the city of Minneapolis and the St. Louis company requires »oo»-neetlon with the said city of St. Paul.• Section 1. The Omana company hereby lets, leases and grante ''**
the St. Louis company the ri.!?ht to use its road-bed and tracks for toe-purpose of running' the trains of the St. Louis company over the sa W*from Mcrriam Junction to a point of connection with tiio union dep '*>
tracks at St. Paul and the rinht to run and operate its trains betwoCiVMerriam Junction and said point of oonneetif>;i.
'• SEC. 2. The St. Louis hereby lets and grants to the Omaha companythe riaht to use its tracks for the purpose of running the trains of thesaid Omaha company to and into tho city of Minneupblis by conueotloBwith the track of the Minneapolis Kastern Hallway 'Jompany."Section 3 provides that the St. I.flui8 company shall pay to the
Omaha company rent at the rate of 3 per cent, upon $174,000 yearly,and scctlou 4 provides that the Omaha company shall pay to the St.
Louis rent at the rate of 3 per cent per aunum upon a valuation of$400,000.
Fiuinnia.—The balance of the purchase price of stock of this
railroad company sold to the Universal Inter-Oc^anic Canal As-sociation, being '$166 2-3 per share, with accrued interest there-
on, will be paid on and after December 9, 1882. to holders asregistered on the books at close of business Dec. 1.
IJoche.sti^r & Pittsburg'.—A circular to the income bond-holders has been issued by the President of this company, asfollows:
" The first mortfrnie bonds of this company outstandinSi on that partof the road .-xtendiiiK from Kofhester to Salamanca. N. Y,—<io.«is»at<!d
tho ' Udchester & Salamuuca Division'—amount to $l.:iOO,(>00, iK'lnfr at
tlio rate of $12,000 per mile. The income bouds, .secured l>y a seconaniovtgaKo upon the same divisiiiu. amount to $1,870,000. wjiieh is at
the rate of $17,000 per mile. These liomls are a lien ouly inum theearniuKS of this division and such portion as may remain after paymentof all fixed eliaraes, taxes and operatiuf,' expenses of all iniprovomciu*and of any additional nillinu stuck required The (ompany hate exe-cuted a inortKa«e ujion its Buttalo & Pittsburg Division, which U notyet recorded. The bonds are a first lien, issued at the rate of $20,00Oper mile, upon aliout 171 miles of road, and will be denominated thefirst mortgage b.nids of the Buffalo & Pittsburg Division. Tho bond*are for issue. The lioaid of directors of the compan.v have resolved toissue consolidated first uiDrtgasm bonds upon all tile divisions limited t^.+20/00 per mile of constructed road in place of the above describedfirst mortgaye bonds of the Buffalo & Pilt.«bnrg Divi.sion, upon the con-ditions following: That holilcrs of more than three-fourths of the in-
come lionds will agree ,nnd tiy written obligaticms will accept theseconsolidated first mortgage bonds at par. wiih interest current fromDccemlier 1, 1882, in exchange for their income bonds at ."^0 jier ccnt-of their par value. That company will issue one $1,000 flr.st mortgageconsolidated bond for two income bouds of $1 ,000 each, provided three-
fourtlisof the holders of income bonds assent to tlie proposition by orbefore Decomlier-lOth proximo. The bon'!s will have forty years' ex-istence, from December 1, 1882, bearing inteiTst at tho rate of 6 percent per annum, pavable in June and December each ye.ir. They will
constitute a first mortgage ufon all the lines of toad belonging to thecompany, except that portion known as the Rochester & SalamancaDivision, upou which they will rest as a second lien preceded by $1,-
300.000 of first mortgage bonds, provided the present income bondsare exchanged. The great advantage to the income bondholders willbe that they will hold a first mortgage lieu upon tho most valuable eec-
tiim of the road, with as.sured jiaynients or interest every six months,in place of the present income iioud. on which interest is payable oulyfiom a residue of earnings of surplus ivvQuue derived upon tho partieular division aud whicli is not accumulative."
South Carolina Uaihoad.—The capital stock of the SouthCaiolina Railroad Company has been reduced from $3,800,000
to $4,200,000, by the cancellation of 16,000 shares that had not
been issued, but remained in the company's treasury.
DGCBKBEn 2, 1883.] THE CHRONICLR 639
oommerSal~~epitome!Friday Niqht, Dkc. 1, 1882.
The westher has become quite wintry. Inlaod narigation at
the North and West has been obstructed to some extent by ice,
mnd saffioient snow has fallen to impede railroad transportation.
The money market has become much easier, but is still fever-
ishly- unsettled. The intervention of a close holiday has hadits nsuel effect upon general trade, aud business has been quiet.
The "ysorners" in cotton, Indian corn and lard, for November' delivery, did not cause serious disturbance of the values of
those staples, and these influences are now at an end. TheFtideiral Congress meats on Monday, when it is expected that
• measures for the reduction of taxation will be proposed.
•'A. good speculation in lard ^has taken place, and manipula-• ticn here and at Chicago has forced prices up until the close,
^^hen a break took place. A selling movement was introduced
^which, in a measure, was stimulated by large arrivals of hogsAt the West. The export demands for all provinions are nota-
bly small. Pork on the spot to-day sold at $19 for new mess;
December options quoted 4*19 50; January $19 75. Bacon was4[uoted at 10c. for long clear. Lard to-day opened better, but«oon fell off and closed weak; Western sold on the spot at
H'50c.; refined to the Continent on the spot ll'75c.; all the
month 11 '400. and sold for January at 10'75c.; December op-
tions realized ll'15@1110c.; January 10"95@10'85c.; Februaryll@10-95c.; March ll-05c.; April 1110@llc.; May 1115@llc.;•losing weak at 1097^c. for December; January 10-80c.; Feb-ruary 10-85C.; March 10'90c.; April 10-95c.; May 10-97;>6c.;June ll-02^c.; July 1110c. Beef steady at $26(c6$28 for Cityextra India meMs. Beef hams quiet at $18@$18 25. Butter andcheese steady. Tallow steady at 75^e. Stearine quiet at 12o. forprime.
Rio coffee has been dull on the spot at a decline to 7!4c. forfair; options have been very active, and to-day alone 27,000.bags were sold, though at a marked decline, owing partly tothe reduction of the export duty from Brazil, partly to a de-cline in both Rio and London, and partly to the large receipts4it the former market; December (No. 1) last sold at 5-45c., Jan-uary and February at 5-40c., March at 5-45c., April at 5-50c.,May at 5-70c. and June at 5-85c., while fair sold at 7-20c. forJanuary, 7'35c. for February and 7'40c. for March; mild has*)een dull and more or less depressed, owing to the slowness of.trade and the large supply here. Rice has been moderatelyactive at unchanged prices. New Orleans molasses has beenselling at 40@59c. to a fair extent in jobbing lots, while foreignhas been dull. Fruits and spices have been quiet and withoutmarked change. Raw sugar has been dull and nominal at 7%!^7 3-16c. for fair; refined has been quiet at some decline; er«whedhas sold at 9^c., granulated at 8 13-16@9c. and standard "A"tLi 8'7-16@856e. Tlie trade in sugar here is being much injuredby an uonsaally active competition from New Orleans for theMississippi Kiver business, in which that city is greatly assistedby th.e lower freight rates granted to refiners there, who alsosell at New York prices.
Keotaeky tobacco has been quiet and prices are nominallyinnchaaged. Seedleaf has been qniet, except for old cropiPennsfIvania; sales for the week 1,350 casea as follows : 1,050•eases 1880 crop Pennsylvania assorted lots, 9o. to lie. ; 100 cases1881 crop New England, I2c. to 35c.; 100 cases 1881 crop Wis-tooDMn Havana seed, private terms, and 100 cases 1881 crop.Ohio 6?6c.; also 300 bales Havana, S8c. to |1 17J^.
Naval stores have been very quiet; the Southern marketshave declined, and the absence of export interest exerts an un-favorable influence on prices. Spirits turpentine is now quotedat 50^@51c. a.sked, with sales on the wharf at 50c. Commonto good strained rosins wholly nominal at $1 75@1 85. Refinedpetroleum was firm early in the week, but declined to-day to8c. for 110 and 8>^c. for 70 test. Crude certificates opened to-day at $1 13, dropped to $1 09%, and closed at $1 10%. Ingot•copper is steady, and liiO.OOO lbs. Like were sold at 18@18/|c,;Arizona and Baltimore quoted at 17' 3@17%c. Steel rails havefallen to $40 at the mills; this low price has developed fair ne-gotiations. Lead has been active; 1,300 tons common domesticsold at 45^@4Mc., closing at 4J^(^4%c. _
Wool is still very dull;holders, in their efforts to force business in domestic havebroken prices l@lJ6o. pe* lb.; foreign Wools remain steady.Lard oil has declined to:[email protected] Hops ate very dull; brewers*re supplied for Sii week^ to come, And the easy London marketsprecludes an export interest; choice new State quoted at 95o. (a)
fl; old, 8r)@90c.; Eastern, 85@ft0c. ; California, 90@95c.; a fewholders demand more, but these are the only figures at whichsales could be effected.Ocean freight room is held at high rates, owing to the scarci-
ty of tonnage here and at the outports. To-day grain to Liv-erpool by steam was taken at 7d. and at Baltimyje, at Sd.; cotton15-64(a5-16d.; bacon 30@35s.; cheese 35s.; aQur223. (}d.; graint<) London by steam 8cl.; do. to Glasgow by steaia quotea 8d.;do. by sail to Cork for orders quoted 6s.@6s. 3i per qr, ; do. bysteamer from Baltimore (December) to do. lis.; refined petroleumto the United Kingdom Ss. 6d.®43., M tO CleftCance; do. to Con-tmeatat^s. 6d.@3s. 9d.
COTTON.Fbidat. p. H., December 1, 1883.
Tarn MovBinirr o» TrO Caop, an Indicated by our telegramsfrom the South to-night, is given below. For the wt-ek endingthis evening (Dec. 1) the total receipts have reached 2.16,097bales, against 24-2,109 bales la.st week, 2.'^9, 154 bales the previoo*week and 2ti2,251 balee three weeka since ; making the totalreceipts since the 1st of September, 1882. 2,442.332 b(tle«, sgkinjit2,345,214 bales for the same period of 1881, Hhowuuf an inonaa*siBce September 1. 1882. of 97,123 bales.
For comoanson, we give the following table showing the week'stotal receipts, the total since Sept.l. 1882;. and the stocks to-night,and the same items for the oorreapondiog periods of last vear-
Receipt! to
Dee. 1.
Oalveston
IndlanoIa,&c.
New Orleans...
Mobile
Florida
SavannahBruDBw'k, &o
Charleston
Pt. Royal, Ac.
ffllinington....
H'headC.,&cKorfolk.
City Point, 4cNew YorkBoston
Baltimore
Phlladelp'a,4o.
Total
1882
Thit Since Sep.
Week. 1, 1882.
32,669736
74,35412,511
79133,766
21929,730
3027,040
56:
40,556
8,433
3,350
6,308
6282.C39
351,06.5
10.810543,092152.632
5,293
434,115
4.203
304,5035,400
61,761
^,3S9356,?ai103,605
84.793*6.7e5
5.278
18.357
1881.
Tkit Since Sep.
Week. 1,1881.
15,3i40
33^64,5.17
isjass
3',203
3a,678108
35,854326
8,30
74931.1798,034
2,937
11,710
1,003
2,84
.15.097 2.442.337 222.170 2.34.">.214
227,4668.643
590,766134,77711,958
422,2325,366
309.51713,28976,.%85
8,304
305,054104,696
22,813
71.79812.870
19,030
Stock.
1882.
107,235
264,63620,197
95,215
262,08141,0461,370
1109,227
SO17,4£8
80|20e
«2j64«1,431
1*.407lS,72l>
1881.
92,380
103358^123.213347
22,993
70,366
172,5693,420
9S,16«12,410
7g5.03.'> 966.598
In order that comparison may be made witu other years, w«give below the totals at leading ports for six seasons..
Oalveston includes India lOla; CUitfloston lacludea Port Ruval, 4c.Wilmington Includes Morelieiul CIty.ito.; Norfolk iocliKtes City. Ptiiut, 4o»
The exportH for the week eadiag this eveain? reach a total
of 175,969 bales, of which 93,^; were to Great Britain, 9,838 to
France and 72,<^58 to the rest, of the 0>ixtia«tDt, while the stocksa.s made up this evening ard. now 7^035 bales. Below are tkeexports for the week aud .since Se»trtmb<ir 1, 1S82.
^" We have included in the above table, and shall continue eachweek
to give, the average price of futures each day for eaoli month. It wlU
be found under each day following the abrevlation " Aver." The aver-
age for each month for tlio week Is also given at bottom of table.
The following exchanges kave been made during the week:
•19 pd. to exeh. 300 Jan. toi' Nov.•33 pd. to exoh. 1 ,000 Mar for June.•44 pd. to exch 1 ,500 Jan. for May.
14 pd. to exoh. 1,200 Deo. for PelK•03 pd. to exch. 200 Dec. for Jan.
DSOBIIBBR a, 1H«2 J THE CHRONICLE. H41
Tkb ViBiBiiB Supply of Cottoi^. im m»d« ap by ottbin andtolngraph, is a» follows. The ContinentAl stocks si* the H^arf*
of last Saturday, but the totals for Great Britain and the aUoal
for the Contiaent are this week's returns, and consequently
brouf^ht down tx) Thursday eveniuK; h^.nne. to make the totals fh-
complete figures for to-night (Dee. 1), we add the item of eiporiB
from the Dnited States, iucludinif in it the exports of BVidsy nly.
1882. 1981. 1880. 187H.8took>t Uverpooi baiefc ')0.^.000 43.5,000 441.000 339.000Btook at London 75,500 89.600 43,700 53,591
392.59473.790
8097.5101,100
11.81016.7001,329
Tnlal Great BrltalD nv-^ 580.500116.000
2,70030.0002,600
21.9008.500700
1,40014.400
471.600126.000
3,50013.80022,00048.70012,700
9702,0907,850
237.610
484,70084.6006.860
3:.400atook at HttiuDurKBtook At Bremen ..........•.•
2,40020,500
Btook at Ainsterdam -. ...... 11.8110
Btook at Rotterdam 1,710981
Stock at other oonM'ntai ports. 5.830
Total oontlneuwl porta 201,200 137,111
Total Earopettn HtooKK. .
India cotton afloat tor Kurope.Amer'u ootto» afloat for Eur'peEjmit.Brazil.&c.iiflt for E'r'peBtooK in United States portd .
.
Btook In U. 8. Interior towns..United 8t9teH exports to-day.
781,70087.000
523.000.^7.0<10
785.03523(i.0i)8
5.500
713.21070.000
398.00044.000
966.59833036414,100
651,81141.000
459.00038.000
900.909248 86531.000
Total visible supply 2.475.243 2,553.572 2,370.585 2,
Of tne above.the r,or«ln of American and otber itesnri ptions are n«
American—Liverpool stock 2.52.000Oonttoeutal stecks 87,000American afloat for Europe 523.000Dnited States stock 7^5.035Dnited States interior stocks.. 236.008Onlted States exports to-day. . 5,500
2,751
116.162
5'8.75667.8W
619.H2052.371
700.603287. lo914,000
250.620ft>'.iow8:
327.000108.000398,000966,598350.36114,400
321,00099,000
45 'J.000900.909248.86531,000
227.01 Hj
48.0')06 1 9,920700.603287.10911.000
Total Amc' lean 1.888,543 2,164.382 2,059,774 1,896.632
Satt Indian.Bratil, <te.—Liverpool sUiOk 253.000London 8to<!lt TS.-'iOO
Oontlneutai stocks ~.~ 114,200tndla afloat for Europe 87,000Mtarvt, Brazil, &o.,afloat 37,000
Total East India, lb) 586,700 391,210 310.811 353 988Total Amerioau 1,883,543 2,161.362 2,059.774 1,896,632
Total visible supply 2,175.243 2.555.572 2,370,585 2,250.620Pfloe Mirt. Upl., Liverpool . . 6d. 6l'i«d. 6iliRrt. eie^d,
11^ The imports into CSontiaental ports this week hare been88.000 bales.
The above figures indicate a decrease in the cotton in sightto-night of 80.329 bales as compared with the same date of 1881,
an increase of 104,H58 bales an compared with the corres-
ponding date of 1880 and an inorease of 221,623 bales as com-pared with 1879.
AT THg Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments) for ih% week, andthe stocks to-night, and the same items for th correspondingperiod of 1881—is set out in detail in th-j following statement:
*-• c;t a rfk 00 tow01 Mt-- CO I-" -si 03C to c;> (^ ^ '- CD
CO CO >-'i-'|0*-* 10
CDOCO-lrf^Ol o
K) «-• — M )^>^ 03
CoVjXCOMW QCOO^M'-'tO'-' Ococ;>c><;ocDOO> qd
M to<D-^tOM<Ji-'tOh-CC>U HJMOCTCCCOO:®;gpaOODpa^;-^***-WCJO^O^;oa>CC^Ojb*^V5'^r'»»-cobboV'oix*-b"toc»j>>'VM^^(jt^t-^<iCi — 0<iv>^ '£>>- *-p- ai<i X oiCOa -4d to ro -q ij^M ** o lyt -q CO OS to CO OS CD
totOMrf^rf^MCoc;!
wV-b c ^--'»^ o< CJ' to bo tob Vi *x>b -t^ b* rf»-
the sftme townn bav#4 bfM^n 2.470 bfileA mor« than th^ fiam<9 we«klast year, and Hiace iSt^ptHmbt^r 1 the r0c**iptf4 at all the townsare 56.083 bale^ more thao for the Hame time in 14S1.
QOOTATIONa FOR MlDOLINa CoTTON AT OtUBR MaEXBTO.—Iqthe table below we f^ive the closing qao.atioa4 of middli&ffcottoa at Soathera aad other priaoipal cotton markets for eMAday of the past week.
The above totals show that the old Interior stooka have in-Teased during the week 17,818 bales, and are to-night 114,356
balw less than at the same period last year. The receipts at
CUISINQ gOOTATIom FOR MIDDtUlO COITOM
Satur.
1010
10>41010>SlO'sloais
10^
9%9'e109T8»10
lion.
10109^89''e10H9l»,-
10lj,i%lOTg10^lOH9<>s»\9-'e10
Tuet.
10109''g
9'.
O'ilOlj,lOTg10^10%9»i9\9'8
1^'
9"gaio
Wtdnt$. Thurt.
»'«109%%7,9\109'«1010%
10>«S4g10%9»«9%9'810978»10
PH.
'Jli109%1010%101410%
9%
Kbobiptb from thb PL&BTATiona.—^The following table to
prepared for the purpose of indicating the actnal movement eaehweek from the plantations Receipts at the oatp>rts are som^times misleading, as they are made ap more largely one yearthan another at the expense of the interior stocks. We reachtherefore, a safer conclasion through a comparative statementlike the following. In reply to frequent inquiries we will addthat these figures, of coarse, do not include overland receipta otSouthern consumption; they are simply a statement 01 theweekly movement from the plantations of that part of the eiopwhich finally reaches the market throogh the oat-ports.
BBOaiPTB rBOM PI.ANTATIONS.
Rte'pU /rem PUmSf
Sept.
The above statement shows— 1. That the total receipts from theplrvntations since Sept«mber 1, in 1882 were 2,701,853 balee; in
1881 were 3,632,873 bales; in 1880 were 2,786,930 bales.
2. That, although the receipts at the out-porta the past weekwere 255,097 bales, the actual movement from plantations waa271,622 bales, the balance going to increa'w the stocks atthe interior towns. Last year the receipta from the planta-tions for the same week were 349,196 bales and for 1880 theywere 221,582 bales.
Amount of Cotton in sioht Dbcbmbbr 1.—In the table belowwe give the receipts from plancatioas in another form, andadd to them the net overland movement to November 1, andalso the takingt by Sjuthera spiuners to the same date, so aa togive substantially the amoant of cotton now in sight.
1882. 1881.
Receipts at the ports to December 1 bales.Interior stocks In excess of 8ept. 1 on Deo. 1..
2.442.337259,-.215
2,345.214347.661
Total receipts from plantations 2,701. n.'SQ
9.^.85769,000
2.692.875126 083
Southern oons&mntlon to November 1......... 45,000
Totaltn sliht Docpmber 1 2.S54.409 2,863.958
It win be seen by the above that the decrease In amoant In alghtto-night, as compared with last year. Is 0,549 bales.
Weather Reports by Teleorafh.—There has been rain inthe greater portion of the South the past week, and in mostsections there have been killing frosts, but the rain has not ingeneral been heavy, and the frosts are too late to do harm.Otherwise conditions have been favorable, and the crop is
being marketed very freely.
&alDeston, Texas.—We had rain on three days the earlypart of the past week, but the latter portion has been clearand pleasant. The rainfall reached forty-three hundredthsof an inch. Picking has been interrupted, but is now re-
sumed. The plant is killed by frost nearly everywhere, butit will not diminish the yield at all, as more cotton is alreadyopen than will ever be picked. The thermometer has rangedfrom 39 to 69, averaging 54. During the month of Novemberthe rainfall reached ninety hundredths of an inch.
Indianola, Texas.—It rained on three days during theearly part of the past wee.lc, but tne balance of the week hasbeen wear and pleasant. The rainfall reached one inch. Theroads are in a btul condition. Average thermometer 50, high-
est 69, lowest 38. Rainfall for the month of November threeinches and thirty-nine hundredths.DMas, Texas.—It has rained hard on three da^ of the
past week, but it has cleared off beautifully and pickinjg ia
resumed. The rainfall reached one inch and eignty-eight
(S42 THE CHRONICLR [Vol. XXXV.
Aaodreiths. "We have had killing frosts on four nighiS. The
thermometer has averaged 40, the highest being 55, a.nd the
lowest 24. During the month of November the rainfall risach-
<jd four inches and tvifenty-five hundredths.
Brenham, Texan.—It has rained hard on three days of th.e
na8t week, but the remainder of the week has been pleasant.
Jrhe rainfall reached two inches and seventy-five hundredths.
We have had killing frosts on two nights. The roads have been
:bad, but are now improving. The thermometer has averaged
81, ranging from 34 to 67. Rainfall for the month of Novem--ber five inches and five hundredths.
Palestine, Texas.—We have had rain on four days of the
past week, but the weather is again clear. The rainfall reached
two inches and seventy-nine hundredths. We have had killing
frostfi on three nights. The thermometer has ranged from 36
to 55, averaging 41. During the month of November the rain-
fall reached seven inches and thirty-nine hundredths.
Huntscille, Texas.—We had hard rain on four days the early
p«jrt of the past week, but the latter portion has been clear andpleasant. The rainfall reached two inches. We have hadkilling frosts on two nights. Average thermometer 42, high-
est 58, lowest 30. Eainfall for the month of November six
inches.Weatherford, Texas.—It has rained on three days of the
"past week, the rainfall reaching one inch and fifty hundredths.
'We had killing frost and ice on four nights of the week.^now fell here during the week to the depth of one inch.
"Picking has been interrupted but is now resuming. The^thermometer has averaged 38, ranging from 24 to 52. During'ihe month of November the rainfall reached three inches.^''
JBelton, Texas.—We had hard rain on three days during the
'^^arly part of the part week, and the latter portion has been''^lear and pleasant. The rainfall reached two inches and five
'hundredths. The roads are in a bad condition. We have had^Killing frosts on two nights of the week. The thermometerhas averaged 45, the highest being 60 and the lowest 31. Therainfall during the month of November reached three inches.
Luling, Texas.— It rained on three days during the earlyl^art of the past week, but the remainder of the week has beenclear and pleasant. The rainfall reached one inch. There
.liave been killing frosts on two nights of the week. The^thermometer has ranged from 32 to 60, averaging 47. Rain-„,fall for the month of November two inches and fifty hun-i^tJU'edths.
New Orleans, Louisiana.—It has rained on three days of(•the past week, the rainfall reaching one inch and seven hun-ctdredths. The thermometer has averaged 57.P' Shreeeport, Louisiana.—The weather has been cloudy du-•"ring the past week, with heavy rains, followed by clear
• "weather. The rainfall reached four inches and seventy-five..•hundredths. The thermometer has ranged from 29 to 60." Vicksburg, Mississippi.—We had rain on four days during,,the early part of the past week, but the latter portion has(tbeen clear and pleasant.
Columbus, Mississippi.—We have had rain on three days(Of the past week, the rainfall reaching two inches and fifty-«j»ix hundredths. Average thermometer 43, highest 58, lowestti6. During the month of November the rainfall reached sixinches and four Imndredths.
Little Rock, Arkansas.—It has been cloudy on four daysof the past week, with rain on three. The rainfall reached
-•one inch and twenty-two hundredths. The thermometeryhas averaged 39, ranging from 23 to 48. During the month of^November we had rain on nine days, and the rainfall reached•four inches and eighty-three hundredths. The thermometeraveraged 49, and ranged from 23 to 73.Memphis, Tennessee.—It has rained on four days of the
past week, the rainfall reaching two inches and fifteen hun-. .dredths. We had the first snow of the season on Wednesday.iFlanters are marketing their crop freely. The thermometerimas averaged 40, the highest being 52, and the lowest 29.
'fr Nashville, Tennessee.—We have had rain on four davs offthe past week, the rainfall readiing one inch and fifteen liun-•^dredths. Snow fell here during the week. The thermometer' has ranged from 27 to 53, averaging 40.
Mobile, Alabama.—It rained severely on two days the earlyliart of the past week, but the latter portion has been clear and,plea^nt. i'he rainfall reached one inch and forty-nine hun-
fldredths. Ice formed in this vicinity on Tuesday and Wednes-Siday nights, but no serious damagewas done. About ninety perixcent ot the crop has been marketed. Average thermometer 51,highest 66, lowest 29. During the month of November therainfall reached two inches and sixty-seven hundredths.Montgomery, Alabama.—We had rain on four days the early
part of the past week, and the latter portion has been clear andpleasant but cold, with frost and ice on three nights. Therain-
1 -fall reached eighty-one hundredths of an inch. The thermom-;.eter has averaged 47, ranging from 38 to 67. Rainfall for themonth of November one inch and ninety-one hundredths.
.»:£v .?"*"^*2'?i"-~^*,'?**rained on two days of the past
v^eek, the rainfall reaching one inch and four hundredths.Ice formed m this vicmity on two nights of the week. The
iow^t^seaveraged 44, the highest being 60 and the
rtr£k'^* w'i' f'7%,-~'^* '^ »^'i^ on one day of the past
rit^JTifor '^ '"."T. 1'°'* """^ i^ on Thursday night.
t jffi. « "^**';^^' ^'Shest 50, lowest 38.,,'-^jff^/®*«-'^'«--We haye had rain on twodaysof theJ past week Tlie weather has been cold with ice ^hether-.*mometer haB mnjj^d'froffi og ^^ ,, averaghig 49 •--^" '
CW«m6M«.fftt«j^w.-.it has rained on on! day of the^aSt
week, the rainfall reaching one inch and three hundredths.The thermometer has averaged 46, ranfi;inj;' from 30 to 60,
Rainfall for November three inches and three huii>dre<lths.
Savannah, Georgia.—It has rained on two days of the pastweek, and the remainder of the week has been pleasant. Therainfall reached eighty-four hundredths of an inch, Thathermometer has ranged from 34 to 72, averaging 54.Augusta, Georgia.—We had heavy general rain on two
days the early part of the past week, but the latter portioifhas been clear and pleasant. The rainfall reached ninety-ninehundredths of an inch. About sixty-five per cent of the crophas been picked and marketed, and the planters are stiUmarketing freely. Tiie thermometer has averaged 46, thehighest being 63 and the lowest 34. During the month ofNovember the rainfall reached three inches and eighty-sixhundredths.Atlanta, Georgia.—It has rained on one day of the past
week, the rainfall reaching ninety-six hundredths of an inch.We had a light fall of snow on Wednesday. The weather is
now clear. Average thermometer 40, highest 67 and lowest 26.Charleston, South Carolina.—^We have liad rain on two
days during the past week, the rainfall reaching one inch.The thermometer has averaged 48, ranging from 35 to 65.
Jute BnTTS, Baooinq, &c.—The market has not shown anygreat activity during the week, and business is still moderate.Buyers are indifferent, and beyond small orders transactionsare limited. Prices are fairly steady and are about as lastquoted, but little shading being done, and at the close theflguresareVMc. for 1?^ lbs., 7)^@7Mc. for 1%, lbs., 8Mc. for2 lbs. and 9^0- for standard qnalities. Butts are in fair de-mand for small buyers, but in a large way the inquiry is light.The orders continue fair in amount, and the lots, thoughsmall, are taking considerable stock to fill them. This keep«the market steady, and sellers continue to quote 2 7-16@2%c.for paper grades and 2 ll-16@2Mc. for bagging qualities.
Ihdia CorroN Movesbnt from all Ports.—We have duringthe past year been endeavoring to rearrange our India serviceso as to make our reports more detailed and at the same timemore accurate. Hitherto we have found it impossible to keepout of our figures, as cabled to us for the ports other thanBombay, cargoes which proved only to be shipments from oneIndia port to another. The plan we have now adopted, as wehave reason to believe, will relieve ns from the danger of thisinaccuracy and keep the totals correct. We first give theBombay statement for the week and year, bringing the figuresdown to November 30.
IJOMBAr RECEIPTS AND SRIPMENTS FOB FOUR TEARS.
fear
1382188113801879
Shipments this week.
Great Oonti- _, ,
Bril'n. nent. Total.
4,00011,0003.0002.000
2,0001 6,0003,000114,000
10,00013,0004,000l 6.000
Shipments since Jan. 1.
GreatBritain
78.5,000315.000365.000256.000
Oonli-nent.
626,000583.000518,000368.000
Total.
1,411,000928,000883.000621,000
Reeetpts.
ThisWeek.
14,00019.00010,0004,000
SiTteeJan. I.
1,697,0001.277.0001,137.0008^.000
According to the foregoing, Bombay appears to show sdecrease compared with last year in the week's receipts of 5,000bales, and a decrease in shipments of 8,000 bales, and theshipments since January 1 show an increase of 483,000 bales.
The movement at Calcutta, Madras and other India ports for thelast reported week and since the Ist of January, for two years,
has been as follows. " Other ports" cover Ceylon, Tuticorin,
tirrachee and Coconada.
Calcutta
—
18S^J....1881....
Madras—1882....188)....
All otllel'8-
1882....1881....
Total all—18821881
Shipments for the week.
Great Oonti-Britain, nent.
\'.0
50020J
.500300
100
Total.
100
100
500200
100
500400
Shipments since January 1.
Total.Great
Britain.
109.400115,000
63,10023,500
51,90025,500
227,400164,000
Oonlirnent.
38.50039,000
8,500600
19,1006,500
66,10046,100
147.900154,000
71,60024,100
74,00032,000
293,500210,100
The above totals for the week show that the movement fromthe ports other than Bombay is 100 bales more than sameweek last year. For the whole of India, therefore, the total ship-
ments since January 1, 1882, and for the corresponding periods
of the two nrevious years, are as follows;
EXPORTS TO EOBOPK FROM ALL INDIA.
Bhivmentsto all Europe
from—
BombayAUotlierp'rts.
Total.
1882.
Thisweek.
SinceJan. 1.
6,000500
6,500
1,411,000293,500
V704.5OO
1881.
Thistree*.
14,000400
14,400
SinceJan. 1.
928,000210,100
1,138,100
1880.
Thisweek.
13,0001,900
14,900
SinceJan. I.
883,000233,100
1,116,100
This last statement affords a very interesting comparison of tba
total movement for the three years at all India ports.
Alexahdria Receipts and Shipmemts.—Through arrangementa
we have made with Messrs. Davies, Benachi & Co., of Liverpool
and Alexandria, we now receive a weekly cable of the movements
of cotton at Alexandria, Egypt. The following are the receipte
and shipments for the past week and for the coirespondrng weekof the previoos two years,
''
DKOBMbbr 3, }883.] THE CHRONICLE. msAlexandria, Eoypt,
Noeember 30. 18((2. 1881. 1980.
Beoelpts (cautars*)—TliiH weekSince Sept. 1
170,000810,000
200,000l,327..'i50
150.000l,085,.->00
Keek.Since
Sept. 1.
Thi»week.
SinceSept. 1.
Thi>meek.
SinceHept. I.
Egjorts (bales)—To Ijiverpool -, .... 13.000
5,00059.0009,000
11,0008,006
67.50029.921.>
10.0003,557
63,000ToContluent 20,154
Total Europe IS.OOO 88,000 19,006 97.429 13,557 88,151
• A. oantar is 98 lbs.
This statement shows that the receipts for the week endingNot. 30 were 170,000 cantars and the shipments to all Baropewere 18.000 bales.
Manchbster MiRKBT.—Oar report received from Manchesterto-night states that the market is quiet with prices in buyers'favor. Wh give the prices of to-day below, and leave or.ivions
Dec 1 8-'8 a 914 -> 10 «7 414 6 938 alo>« 6 6 38 m 8"ia
Comparative Port Rbceipts and Daily Crop Move.mbst.—A comparison of the port movement by weeks is not accurateas the weeks in different years d<} not end on the sam<^ day ofthe month. We have consequently added to our other standingtables a daily and monthly statement, that the reader mayconstantly have before him the data for seeing the exact relativemovement for the years named. The movement each monthsince September 1, 1882, has been as follows
Monthly Tear Beginning September 1.
Beceipta. 1882 1881. 1880. 1879. 1878. 1877.
Bept'mb'r
October.
.
Hovemb'r
326,656980,.584
1,089,697
429,777
853,195
974,013
458,478968,318
1,006,501
333,643
888,492
942,272
288,84i,
689,264
779,235
95,272
583,637822,493
TotalyearPero'ta|i;e
receipts.
2,396.937
»t tot. port
Nov 30. .
2,257,015
4781
2,433,297
41-42
2,181,407
43-27
1,757,317
3951
1.499,517
3450
This statement shows that np to Nov. 30 the receipts at theports this year were 139,922 bales more than in 1881 and36,360 bales less than at the same time in 1880. By addingto the above totals to Nov. 30 the daily receipts since that timewe shall be able to reach an exact comparison of the movementfor the different years.
This Statement shows that the receipts since Sept. 1 np toto-night are now 14S,4.">5 bale* more than they were to the sam*day of the month in 18S1 and 17,607 bales less than they wereto the same day of the month in 1880. Wo add to the tabUthe percentages of total port receipts which liad been received t>Decenber 1 in each of the years named.
Shippino Nbws.—The exports of cotton from the HnitetfStates the past week, as per latest mail returns, have reached132,279 bales. 80 far as th>' 3i)uthern ports are concerned, thes*are the same exports reported by telegraph, and publislied inthe CHRotnoLB last Friday. With regard to New Vork. w*-include the manifests of all vessels cleared ap to Tbantdajrnight of this week:
Total bater-NBW TORK-To Liverpool, per Bteamera Catalonia. 2,747....
City of BrusHels. 618.... Helvetia, l,960...UerBoliel, 2,801....Wyoming, 1,543 9,37jr .
To Havre, per Hieaiuorn Hurmud, 100 Labrador, (itddl-tloiial) 65 Per"lro. 1 77 M3
'
To itroiiieu. per Hteamor Werra, 1,840 J 1,840 >
To llamlMirf?. per 8t«aniera Polarla. 500 Suevla, SOl"'." l,M>i 1
To Amsterdam, per steamers PuUux, (addltioual) 170....SNiUa, 459 S3g
To Autwerp. per steamers Daniel Stelnmauii. SabV.V.Riivn-land, 1,089 1049
To Oeuoa, per »teamer Vliicenz) Ploi-lo, l,0"i5 1,095Nbw ORI.BAN8—To Liverpool, per steamers Mariner, 3,479Northamnton. 3,M19 pcrsUlpJ. C. Kobertsou. 3,41 1per bark Koiuanoff, 3,61)9 14,3U
To Havre, per barks Pniice liiipert. 4,329 Veuioa, 2,100. 6.839To Breme-n, per bark I'linmls, 3.32(1 3,32&To Kottirdain, per steamer I'rliiz FrldrlotJ Carl, 2.849 2,81^To Reval. per steamer L;rtde<>dale, 5.100 B,IOOTo Uart-eloua, per bark Jitcok Aall, 1,700 1,70S>To Saleruu. per bark Caio, 1,131 1,131
CHARr.KSTOS—To Liverpool, per bark Mary Orahani, 2,111 Up-land aud 90 Sea Islaul f. 2,291
To Uremeii, persttiaiuer Uawardoa, 5,100 Upland S.lOtf'8AV.4.NNAII—To Liverpool, per steamer Katie, 5,511 Upland 6-^)iliTo Havre, per steam.ir Panama, 5,0 10 Upliud 6,010
To Karcxloiia. per steamer Kaveuslieujfh. 5.500 Upland 6fiO^To Palma rte MiOorea. i>er , 1.550 Upland 1,800To Ucuoa, per steamer Biiyno, 6,021 Upland 6,024
Flour has advaiKjed for the lower grades, for which a fair de-mand has prevailed, while the supply, though ample, has beenby no means burdensome. It is noticeable that the proportionof the higher grades in the reeeipw is much larger than hasbeen the ease for some years, this fact being due to improve-ments in the methods of manufacture. The scarcity of oceanfreight room and the high rates current have interfered withiport trade. The higher grades have been plentiful, dull and
rather weak. To- day the market was dull for all grades.Wheat has been rather quiet as a rule, the export trade
bein«r quite moderate most of the time, owing to the continuedscarcity of ocean freight room, as well, as some further ad-vance in the rates ; while the transactions in options havelikewise been limited to a moderate aggregate. There arecomparatively few grain vessels in port, and so scarce is roomto the regular ocean steamers that outside steamers are being
. tvM ^, ^^^^- *^'*"* * '""^''«' °f Srnin vessels to arriveat Philadelphia and Baltimore have already been chartered,but few or none have been thus engaged at this port. Prices8h<>wedsome advance at onetime, largely owing to a rise inChicago, where the receipts have been moderate, but latterlythe course of this market has been downward, notwithstand-
daring the last fewof the week they
receipts at Chicago
ing that the foreign advices have been favorable. The de-
pression is, at least in part, attributable to the slowness of the
export trade. To-day the market was irregular, opening ^(9^c lower and afterward recovering the decline, and advancingi^'aic; No. 2 red ^old at $1 08^@1 09% for December; $1 11
@l 13 for January J $1 13M@1 li% for February and |1 15®1 U% for May.Indian corn has been qaiet on the spot ow'ng to scarcity.
Prices have again advanced aud sales of No. 2 mixed have taken
place at .fl 10, at which most of the November contracts weresettled, though a protest in one case will call for 2 decision bythe Bjard of Managers of the Produce Exohauge as to whetherthis is to be regarded as a fictitious price or not. The later
deliveries have been deoUniag
days though in the for part
were quite Arm. The large
latterly, however, have rendered the shorts muchless anxious to cover for December, and this month, as well as
the 1883 deliveries, have accordingly declined %c. to Ic. TheChicago market has also been dull and weak of late. Therehas been a light trade in new corn here, owing partly to theirregularity in the quality and partly to the fact that, the supplyhas been only mi>derate, though there has really been compara-tively little inquiry for it. To day the market was irregular,cash being lower, owing to the breaking of the corner, and op-tioas, though at one time l@2c. higher, losing considerable ofthe advance later on, the fluctuations being due to variations inthe Chicago market. The speculative sales of the week havereached a very fair aggregate. No. 2 mixed sold to-day at 81%@81J6c. for old for December, 72c. for new do and 66%a. forJanuary, though later January was quoted at 65M@66c., withFebruary offered at 64c. and 63^c. bid, and May obtainable at62%e., vith G2}4e. bid. New com is quoted on the 8pot,[email protected] yellow and white, as to quality.Rye lias been quiet and about steady. Barley has sold fairly
at somewhat easier prices. Oats have been rather quiet andsomewtiat depressed, though to-day the market was firmer;No. 2 mixed sold at 43@43i^c. for December and 44^@44Mo.for January,
Total 2Sm.VK l.SST.'ISU 29.533 510 18.361,935 1.486.138 12,357.882
The visible supply of grain, comprising tUe stocks in granaryat the principal points of accamulation at lake and seaboardports, and in transit by rail and water, Nov. 35, 1882, was as
THE DRY GOODS TRADE.Prioat. p. M.. December 1, 1882.
The movement in dry goods has been comparatively light thepait week, operations having been iaterrapted to some extent
br the recurrence of a holiday. The demand at flnit bands waschiefly of a hand-to-month character, package bnyi-ra bavjcgshown very little disposition to anticipate future wants, eavp inthe case of a very few spring fabrics for which some fair order*were placed for future delivery. The jobbing trade has beeofairly satisfactory for the time of year, the growing activity inthe retail branches having been reflected in a constant demandfor small reassortments by personal selection and through themedium of orders by mail and telegraph. The failure of asmall jobbing house in this city caused some surprise in thetrade, but no uneasiness, and the flnancial condition of dry goodsmerchants generally is considered sonnd.DoMBSTio CoTTos Goow.—The exports of dnmeNflcs for the
week were 2,916 packages, inclnding 1,358 to Oreat Britain, 9S0to China, 146 to Argentine Republic, 129 to C-ntral America.117 to Venezuela, 86 to United States of Colombia, &c. Therewas very little improvement in the demand for plain and coloredcottons at flrat hands, and selections by jobbers were chii-flyconfined to such moderate lots as are recjuired for immediatedistribution. Some fair-sized parcels of tickings were, however,disposed of by means of lower prices, and a few large lots ofbrown and colored cottons were taken by investors and mana>facturers. Prices are eastier along the whole line, but quota*tions are nominally unchanged by agents, save on a few makesof tickings, which are marked down from ^e. to leper yard.Print cloths have been fairly active, and prices are firm at aslight advance, viz.: 3 II-I60. for 64i(i4s and 3 5-16c. for 56x60s.Prints were mostly quiet with agents, bnt a fair busineas wanreported by leading jobbers.DoMRsno WooLBS GooDs.—There was a steady movement in
clothing woolens on account of former orders, bnt new businessin this connection was comparatively light. Heavy cassimereswere sought for in small lots for the renewal of broken assort-ments, audsoiue additional orders were placed for spring cassi-meres and worsteds; bnt transactions were strictly moderate inthe aggregate. Cloakings ruled quiet, but there was a steadycall for sackings. Kentucky jeans, doetrkinn and saticets wereslow of sale, and prices are, as a rule, unsatisfactory to manu-facturers. For flannels there was a steady reassorting demandat both first and second hands, and a moderate business wasdone ia blankets. Soft wool dress fabrics continue to movesteadily on account of back orders, but worsted dress goodswere quiet, aside from such spring materials as nun's veilings,lace buntings. Sic, for which some liberal orders were placed forfuture delivery. Carpets were generally quiet, and there waaonly a moderate call for shawls, skirts. Knit underwear andhosiery.FossiON Dby Goods have continued very qniet with importers
as usual between seasons, but a pretty good business was doneby jobbers in fancy holiday goods, &c. Plushes are selling low,but desirable colored velvets are steady and In light supply.Silks and staple dress goods are mostly held at unchangedprices, but fancy dress goods are irregular.
fmportatlona of Dry Good*.The importations of dry goods at this port for the week
ending Nov. 30, 1882, and since January 1, and the same faots
for the corresponding periods of 1881, are as follows:
Sute, Municipal and Uallway itonda and CoapooiAooKbt and lold at best market rates. Investors oidealen wishing to tiny or sell are Invited to communl.CftlO vlUj us.Member of the New York Stock KxcnauKe.
BANKING HOVSB OF
G. W. Norton & Co.,
CASa CAPITAL, 1200,000.
LOVISVILLB, KENTUCKY.
George Eustis & Co.,
B K O K B K 8
CINCINNATI, OHIO.
Swan & Barrett,BANKERS AND BROKBRS,
186 middle Streetj
PORTLAND, inAINE.Dealers in Government, State, County, City andRallrrad Bonds, BanK Stocks, Ac.Desirable Investment Securities constantly on
hand.
Wm. Fisher & Sons,BANKERS,
And Dealers in Governments, Stoelisand luvestinent Securities,
OiTOBiiK Sbcond St , 32 SOUrk STREET,BALTinOKE, HID.,
Have Western Union wires in their offices, bjmeans of which Immediate communictitlon can behad with all commercial points in the country. Es-pecial attention given to puichuso and sale of Vir-glntaConsols, Ten-forties, Deferred and all Issuesof the State, and to all classes of Southern State,City and Hallway Securities. Correspondence so-lotteo.
W. W. Farmer,MONROE, LOUISIANA.
Connselor, Solicitor and Attorney.rUX'^^M" ,^''?. 'i"i''"" circuit and SupremeCourts of the United States ai.d of the State In
J'i^J.'Vf""' =*"=,'•
."*• "O ""-er busine,,, and'de-
HoeJBto his profesalon. Hefera to Bank of Monroe.
SPECULATION AND INTESTMENTIN STOCKS AND SHARESWITH A laiNiRicrni risk.
KXPLANATORY BOOK, Just pnbllrfied, gr»tl.and poet free upon appUoaUon.OPBRATOKS W STOCK EXCHANGE SBOUBITIBS abould t««t thi. syrtem, by which UuMproT
»i»r»allie<i.and the poMlbUlty of lones reduced
opzKioira or tbi pbibs.
WtSi%orS?5f1>uwic »,Sd4S." IPoS^^i"- »¥•
BMsdi ItMtf »• h<Sn?T5.B2°"-. ^^ system oom-
oot do better tnan r^ta thel? w^r^^**' O"* "«"
W. GITTTERIOGS & CO.,0^fiVK BSOKEKS, No. 7 DBAPBBB GASlDBNi
Bprollia
to
Commercial Cards.
Dan Talmage's Sons& ConiL,L,ERS, FACTORS,
AND COMMISSION MERCHANTS IN
RICE,98 Wall Street, New York,
10, 13 dc 14 East Hay, Charleston,
108 Bay Street, Savannah,
41 Se 43 North Peters St., N. Orleans.
Joy, Lincoln & Motley,8CCCE8S0RB TO
E. R. nirDGE, SAW^VER & CO.,43 A 4S White Sthbet. 16 Chauncet Stkibt
UNITED STATES BUNTING COMPANY.A full supply, all Widths and Colors, always In stock.
No. 109 Dnane Street.
Columbia Bicycles.Thousands in dally use by doctors,lawyers, ministers, editors, mer-[ hants. &c., &c. Send 3-cent stampfor eleRantly illustrated 36-pug6catalogue to
The Pope Mfg. Co.,642 WasblnKton St.. BOSTON. Mass
New York Riding School,
214 B. SiTH 8t„ NEu&£ Thihd Avx
Herring's Safes.THE CHAMPION RECORB
IN ALL GREAT FIRES.
Insurance.
OFFICE OF THB
ATLANTICMutual Insurance Co.,
NEW YORK, January 28, 1882.
The Trustees, in conlormlty to the Charter olthe Company, submit the following Btatementof its affairs on the Slst December, 1881
:
Preinliuns on Marine Risks fromlat Junuaiy, 1881, to 3l8t I«e-
oember, 1881 $4,089,487 10HremiiUDS on PoUoies notmarked
ofl Ist Jaauary, 1881 1,587,534 47
Total Marine Preminnu $5,627,02157
Premiums marked oil from 1stJanuary, 1881, to Slst Decem-ber, 1881 $4,110,176 72
Ix>e8e8 paid during the samepenoo $1,775,882 80
Returns of Premiums and Ex-penses $924,227 02
The Company has the f(lowing Assets, viz.:
United States and State of NewYork Stock, City, Bank andotherStocks $8,965,758 00
Loans secured by Stocks andotherwise 1,729,500 00
Real Estate and Claims due the
Company, esttoiated at 491,148 18Premium Netes and Bills Re-oeivable 1,681,294 28
Cash in Bank 347,765 99
Amount $13,165,466 40
SIX PER CENT INTEREST on the outstand-
oertlUcates of profits will be paid to the holders
thereof, or their legal representatives, on andafter Tuesday, the SeTCnth of February next.
THE OUT8TA1TOING CERTIFICATES of
the issue of 1877 will be redeemed and paid to
the holders theraof, or their legal representa-
tives, on and after Tuesday, the Seventh of Feb-
ruary next, from which date all interest thereon
will cease. The certificates to be produced at
Che time of payment and canceled.
A DIVIDEND OF FORTY PER CENTdeclared on the net earned premiums of the
Company, for the year ending 31st December,1881, for which certihoates will be issued onind after Tuesday, the Second of May next.
By order of the Board,
J. H. CHAPIMAN. Seoretarr
TR C BTEESiJJ. D. Jones,
Charles Dennis,
W, H. H. Moore,Lewis Curtis,
Charles H. Russell,
James Low,David Lane,
Oordon W. Bnmham,A. A. Haven,Wm, Sturgis,
Benjamin H. Field,
Jjsiah O. LowWUUam E. Dodge,Royal Phelps,
Thomas F. Youngs,
O. A. Hand,John D. Hewlett,
William H. Webb,Charles P. Burdett,
Horace On^,Edmund W. Oorllca,
John EUiott,
Adolph LemoyneBobt. B. Mintum,Charles H. Marshall.
George W. Lane,Edwin D. Morgan,Robert L. Btaart,
James G. De Forest,
Samuel Willett*,
Charles D. Leverloh,William Bryoe,William H. Fogg,Thomas B. Coddlngtou,Horaoe K. Thnrber,
DANIKI. 8HAKP, VIoe-I'resldeiit.HBNKY D. SMITH. Secretiiry.N1CU0I.A8 DK (iKOOT. Aes t Sec'j.THOMAS A. rosTER. Medical Director.
•HOMEInsurance Companx
OF NBW YORK,OFFICE, 119 BEOADWAT,
FUtT'EIcbth Seml-annaal StatementSBOWINO THX
CONDITION OF THK COMPANY ON THE FIKg'IDAY OF JULY, 1888.
CASH CAPITAL $3,000,000 00Bessrre for Unearned Premiums 1,967,087 00Eeserve for Unpaid Losses 209,459 97Net Surplus 1,661,572 10
Cash Assets $6,838,719 07SUirmARY OF ASSETS
Held In the United States, available for the PAT-VENT of LOSSES by FIKE and for the protec-tion of Pollcy-Uoldera of FIKB INSURANCE:
Caah in Banks tUO.215 00Bonds and mortKa^es, bern^ tirak Hen onreal estate (worth »3,166,500) 1.363.7S7 4«
United States stocks (market value) 3,092,750 00Bank A HR. stocks & bd8.(market value) 1131,350 00State and municipal b'ds (market value) 128,500 00Loans on stocks, payable on demand(market valueof colluter'ls, (1,506,9121. 1,007.450 00Interest due on Ist July, 1W2 80,074 91Premiums uncoU'ct'd & In h'nds of aKts, 82,144 23Real estate 80,499 49
Total »6.8S8,71» 07CHAS. J. MARTIN, President.J. H. WASHBURN, Secretary.
MUTUAL LIFEmSUEA.NOE COMPANY
OF NEW YORK.F. S. WIIMSTOAI, President.ISSUES EYEBT DESORIPTWS OF
LIFEd:END WMENTPOLICIESRates Lower than other Compan,ies.
ORGANIZED APEIL 14TH, 1842.
ASSETS. $95,000,000.
Steamibips.
Only Direct Line to France.
GENERAL TRANSATLANTIC CO.Between NEW YORK and HAVRE,From Pier (new) 42 North River, foot of Morton St.Travelers by this line avoid both transit by English
Railway and the discomforts of crossing the ChannelId a small boat.AMEKKJUE, SantelU Wed., Dec. 8, 1 P. M.CANADA. Frangeul Wed„Dec. 13. 7 A. M.PICAllDIB, Fortler About Dec. 14FRANCE, H. D. Uauterlve Wed., Doc 20, 12 M.PaiCE ur I'AHSAUE—(Including wine): To Havre—
Flnt cabin, tllXI and tBO; second cabin. »ci0: steer-age, I2&—Including; wine, beddlHK and utensils. Re-turn tickets at very reduced rates. Checks drawn onCredit LyonnalH of Paris in amounts to suit.
FOR mARSKILLES,TODCHiso AT Cadiz, Gibiiai.tak & Barcelona,The followlnR steamers will leave New Vurk direct
for Cadiz. Gibraltar, Barcelona and Marseilles, takthiFfreight and paascntters
:
Ratxs or i'A88A(ix—For CadUand Gibraltar-First cabin. »75 and tvo : for Barcelona and Marselliea-First cabin. tSO and tlOO. Steenwro, »32.ThroHKh bills of lading lssae<l to ilcdlterrnnean
Ports, includlnx Barcelona, Algeria, Tunis, Genoa,Leghorn, Naples, Messina; also, for Trieste and Con>itantlnople.N. B.-.Vo freight taken for Olbraltar.
I.OIJ18 DB BEBIAN, Agent,Mo. 6 BowUnc Oreaa.
Cotton.
aiNBT H. WAKI. OILUAT BcaBOKUU
Ware & Schroeder,
COTTON COMMISSION MERCHANTS,
111 Pemrl Street, New York.
Bpeolal attention paid to the execution of orders
for the purchate or sale of oontracta for fnture de-
livery of cotton. Liberal advanoM made on ooo-
tUrnmenti.
J.P. Billups & Co.,
COTTONCOMMISSION MERCHANTS.
Noa. 16 & is Bxcbanse Place,
POST BDILDINO, NEW YORK.
Bpeelal attention given to the Purchase and Saltof Contracts for future delivery of Cotton.
HINRT M. ETAN8. C:haB. FBANOIS BSUIIMember N. Y. Cotton Kxohange.
Evans & Beebe,Noa. 43 A. 44 NEW^ STREET.
SPECIAL ATTENTION TOParchaae and 8ale of Contraota lor Pniure
DellTerr.
WALTER & KROHN,COTTON BROKERS,
63 RR.tVER STREET, yKW YORK.
B. F. BABCOCK&CO.COMMISSION MERCHANTS,
17 Water Street, LIVERPOOL,Receive consignments of Cotton and other Produce
and execute orders at the KxchauKes In Liverpool.Represented In New York at the ollicc of
babcoce brothers * co..
50 Wall Stkeit.
Gumming & Baily,COTTON FACTORS
AND COMMISSION MEKCHANT8,No. 80 Pearl Street, New York.
Special attention given to the purchase and sale ofcontracts for future delivery on the Cotton and Prod-uce Exchanges.
WillimiH. Beede&Co.COTTON BROKERS,
No. 114 PEARL STREET.Special attention given to orders for the buying
and selling of COTTON fob futdbi Dxlitkbt.
HYMANS & DANCTf,NoaroLK. Va.
Dancy, Hyman & Co.,COTTON COMMISSION MEECHANT8,
97 Pearl 8t., New York.
Special attention given to the purchase and saleof contracts for future delh ery.
Geo. Copeland & Co.,C0TT0:H BROKEB8,
I3« PEARL STREET. NEW YORK.
Wm. Felix Alexander,COTTON BROKE K,
AVGrSTA, OEOROIAKntlre attention given to purchase of C'OTTOH Tt.'
, iliOBR for SPINNKR-S and EXPURTBK8CosusFOiTDXHOa Bouorrao.
Jteferences ;—National i^ank of Augusta. Oeor^'
Henry Uentz A Co., Commission Merchants NeeVork: William B.Dana A Co., Proprietors COHMatriAL AVD KlMAHalAL CHSOmOLK. and other Nn
Torlt Hoasea.
Parisot & Campbell,Cotton Factors,
VICKSBVRG, miss.Orders to pnrchase Cotton In ear market solicited.
Refer to Messrs. WOODWARD A 8TII.I.MAN
Mew York.
Cotton.
Fielding & Gwynn,
COTTON FACTORSAMD
COMMISSION MERCHANTS16 & 18 Kxetaance Plaee,
PO«T BOTLDDtO. NBVr roRK.
E. S. Jemison & Co.,BANKERS
AMD
COTTON COMMISSION MKRCHANTH,
No. 10 Old Slip, Now Vork.
Jemison, Groce & Co., Galreston, Texan.
Dennis Perkins & Co.,COTTON BROKERS,
117 Pearl street. New Vork.Orders for Spot Cotton and Fntarei prmsptlr
executed.
John C. Graham & Co.,(Saooaaaort to R. U. WATKR8 A CO.),
COTTON COMMISSION MERCHANTS,No. 18 iruilam Street, New York.
8BLMA, ALA., PHOCXLX BlTILDINO.
MONTOOMKRT, ALA., MORRIS BANK BinLDnrO.
Olden for Fntnn Contracts Bxacnted In New Totfc
and LIverpooL
Henry M. Taber,No. 141 PEARL !!lTREET, NEW YOKK.
Adraoces made on ConslgnmunU of Cotton. Con*tracts for Future Delivery of Cotton bottgbt andokl on. oommlsulon^
James F.Wenman& Co.
,
COTTON BROKERS,No. 146 Pearl Street, near Wall, N. V.
Bstabllshed (In Tmitlnn ItulMInc) 1«4'>.
niscellaneoaa.
BuUard & Wheeler,119 IdAIDEN LANE,
NEW YORK.RACOING AIVD IRON TIES,
(FOR BALING COTTON.)Agents for the following brands of Jute Bagslac
"Jersey Mills" and "Dover Mills."IMPORTERS OK IRON TIES.
BAGGING.WARBMIN, JONES A GRATZ,
ST. LOUIS, Mo.
MannfiMStoran' Asenta for the sale of Jot* Bo-eing. Pnmlah ooverlnc annually for one-snb of tkaentire Cottoo CrofL Correapondenee tnm laiae
daalara aoUaltid.
Wire Rope.STEEL AMD CHAROOAI.IRON of superior qoallty
suitable for MINING ANuHOISTING PURPOSESInclined Planes. Transmla-islon of Power. Ac Also,"alranlced Charcoal andJBB for Ships' Rigging. Sn*.Ipenslon Bridges. DerrickIGuys, Ferry Ropes. Ac. A(large stock constantly onhand from which any de-sired lengths are cnt-KLAT8TKELAND IRONKOPKS for Mining par-poses manufactured to oi>
.lOHN W. KIA'SON & CO.,<!? Rrnaslwar. Nriir York.
Chronicle VolumesWANTED.
olnmea 1, 3, 4, 8, 9, 10, 13, IS, 16,16, 17, 18, 19, 33 and 36.
Appljat Pohllaatlon Offlo«,T8A 81 Winiam SL
Titt THE CHUONICLE. riDBCEliBBB a, 1882.3
CoUon.
Woodward & Stillman,MERCHAA'TS,
ro8t Building, 16 & 18 Exchange Place
KEW YOKK-
liOAXS MADK ON ACCEPTABLK 8BCURITIE8.
C<uh Advanetl Made on Ootutgnmentt.
liPBCIAL ATT«3»T10N TO OHOEBS FOB CONTBACTS
rOB FOTIJBB DKUTIBT OF OOTTOW.
OOTTON, AliL OaADKS, SUITABLB TO WAKT8or BP1NNER8.
Offsbxd ok Tibms TO Spit.
J.H. PARKER,
COnHISSION BIEKCHANT,
No. 140 PEA.BL STKEJBT,
HXW TOKK.
ConatsnmenM of Cotton, Naxal Store*
and otber Frodaoe Solicited.
SXBCUTES ORDERS FOR THE PURCHA8BAND SAXB OF FUTURE CONTRACTS IN THECOTTON AND PRODUCE EXCHANOE8.
Pleura. JATflES FINLAY & CO.,l.tVERP00l., LONDON AND GLASGOW.
Atio execute orders for Merchandise thronRb
iHeMrs. FINI^AY, mviR & CO.,CALCUTTA AND BOMBAY.
CONTRACTS FOR FUTURK DELIVERY COT.TON bouKht iind sold on cot^misslon in New Yorltoiid LtTerpool: also at New orieaas tiirough Messrs.Samuel H. Buck & Co.