august 6, 1881, vol. 33, no. 841 - fraser · and^ hunt'smeechants'magazine,...

AND^HUNT'S MEECH ANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNmCD STATES.

VOL. 83. NEW YORK, AUGUST 6. 1881. NO. 841.

Financial.

Phelps, Stokes & Co.,

BANKERS,I. K. PJIELPS.JAHB8 ATOKKS,A.NHON PHBI.PS 8TOK158.r. P. OIXJOTT.

4fi & 47 Wall Stre«t, New York,ISSUE

TB.tVEL,KR8> CREDITS,GHtCnLAB NOTES,

COHIIIERn4£. CREDITS.iONDON CORBBSPONDENTS:

Cb« Cnlon Bank of London. Metsra. C. J HambroA Son.

Banque

Centrale Anversoise,

Antwerp.PaidUp Capital, • -9,000,000 Francs.

BOARD or DIRECTOBSEelix GR18AR. President. ^Al.rUKl> MAQUlNAY(Uraff*M»qnlnBT),yic«-Pr«J. B. Von i>ek hkoke (Von dor uecko i Maratlr}.

Otto GuNTUKR(CorneiHe-DaTld).EUf1.K UB iiOTTAl*.An. Kkank (frank. Model i. Cle.1ALTO. NoTTKBOHM (Nottebobm Frerea).Fr. Dhanis (Michieis Loos).Job. Dan. ki'hkma.nn. Jr. (Job. Dan. Fuhrmann.)Louis WKBicKdM. Weber & tie.)

juias flAUTSN8Tiu.Dcu (C. Sobmid & Cle.)

TRANSACTS A

GENERAL BANKING BUSINESS.ASA P. POTMR. Presu J. J. Eddt, Cashier.

Maverick National Bank,BOSTOK,

CAPITAL,SCRPLUS,

$400,000400,000

Accounts of Banks and Bankers solicited.Collections ma e upon faTorable terms.

Btrlctlr flrst-class Investment Securities Neso-Uat«d.

Lewis H. Tatlor, Jr. LlIfDLET HAnm

L. H. Taylor & Co.,Banker* and BroKers,

140 SOUTH THIRD STREET,PHILADELPHIA.

Deposits received subject to check at sifcht, aadInterest allowed on dall7 balances.

Stocks, Bonds, Ac. bouRht and sold on commissionIn PhUttdelphia and other cities.

Particular attention itlven to information reffard-nalnrtatment Securities.

Aug. T. Post, Banker,33 NASSAU STREET,

BUYS AND SELLS

SUUe, City and County Securitiot.CORRESPONDKNCH SOLICITED.

Samuel M. Smith,40 WALL STREET,

DEALER IN

C««r Railway HccBrtilea, Gna aail BaakStack*. laaaranee Scrly.

Financial.

NEW YORK

:

Wll.t lAM UKATH.Charles B. Quinckt.

LONDON:Wh. Russell Wise

William Heath & Co.,BANKERS.

10 Ansel Coart, London, Enffland,

Draw BtllB of Exchange and transact a general

financial commission business. Particular attention

giren to American Securities.

William Heath & Co.,BANKERS AND BROKERS,

ffl BROADWAY, NEW YORK.Members or New York Stock Ezchanoe.

C. M. RuTTER, W. N. Walker.Member of N. Y. Stock Exohangie.

Rutter & Walker,BAWKBRS 4NI> BROKBRS,

No. 80 BRO 4J>WAY, NEW YORK.Buy and Sell on Commission, for cash or on mar-

gin, all Securities dealt in at the New York StockBxchanffe. Interest allowed on daily balances.Particular attention paid to orders by mall or tele-graph.

Geo. a. Lewis. Pres't. A. li. Schmidt, Cashier.

First National Bank,V. 8. DEPOSITORY,

LOUISTILLE, KENTUCKY.Special attention ^ven to collections. Proceeds

promptly remitted at best rates. Accounts of

Banks and Bankers solicited.

NEW YORK

:

Geo. w. Cecil,Member N. Y. Stock Ei.

M, Zimmerman.

CINCINNATI. 0.:

W. P. THOMAS.W. M. WILSHIRE.

CeciljZimmerman & Co.BANKERS AND BROKERS,

74 BROADWAY, NEW YORK,6S WEST THIRD ST., CINCINNATI. O.

ESTABLISHED1864.

Coleman Benedict & Co.No. 24 BROAD ST., NEW YORK,

STOCKS AND BONDS,MKMBKRS OF THE N. Y STOCK EXCHANGK.A strictly commission business conducted In the

purchase and sale of Stocks and Bonds on Marginor for Investment.Complete KtnanclA Report laened weekly to our

correspondents

CAJ> Co.BANKERS,No. 18 ITALI. 8TRBET,

New York.Tmnttiflf a General Banking Business, Inolndlnit

the purchase and sale of STOCKS and BONDS forcash or on margin.

Bnr and Sell InTeatment S««iirlUea.P. O. BOX S.S4T.

A.M.KIDOBB. WATLAHn TRAIC H.J.IIOBSIW. C. Hill.

Financial.

W. C. rLOm-JONES, WILLIAM ROBISON,MemlMra of the N. Y. Stock Exchange.

Floyd- Jones & Robison,BANKERS AND BROKERS,

N*. 3 EXCHANGE COURT.Stocks, Bonds and all Inrestment 8«earitles

bought and sold fstrictly on commission] for oaahor on margin.

Randall & Wierum,50 EXCHANGE PLACE,

Brokers in Railroad Stocks and Bonds,

aovesnuenta 4 foreign excbanoe.Chas. k. Randall, (Member N. Y. Stock Exchange.

OTTO C. WlmiTM.

R.J.

Kimball & Co.,tBANKERS AND BROKERS,

No. 35 Naaaan Street, New York.Thirteen Tears' Membership In New York Stock

Uzchange.R.J. Kimball, A. B. liOHNSBEKr, K. K. Ballaxs,

Members of N. Y. Stock Exchange.

Taintor & Holt,bankers,

ns. 10 wall street, new york.TRANSACT a GENERAL BANKING business.

DEPOSITS received and INTEREST allowed oabalances.

Buy and sell GOVERNMENT, MUNICIPAL andRAILROAD bonds.

Prlvdte telegraph wires to Prorldenceand Boeton

O. B. TAINTOR. GEO. H. HOLT

James Kitchen,

COMMISSION BROKER IN UNCURREHT,INVESTMENTS,

70 CEDAB STREET,

P. O. BOX 3418. NEW YORK

P. W. Gallaudet & Co.,BANKERS.

VNITED BANK BVILDHfQ,WALL STREET, COR. BROADWAY.

STOCKS, BONDS A COMMERCIAL PAPER.Stocks and Bonds bought and sold on commission

at N. Y. Stock Exchange.Advances made on business paper and othw

securities.

J. P. W1NTRINGH4H,GAS, INSDBANCE. BANK 8T0CK3, &aSECUUTIBS BOUOHT AT THE AUCTION SALBS.

No. 30 FINE STREET,NEW YORK.

A. H. Brown & Co.,BANKERS AND BROKERS,

1 Wall St., Cor. New, New York.INTBSTMKNT 8BCUIUTIBS.

Sjiotil attMitlon to hnatn*** of Maatir kaaka.

Foreign. Exchange.

Drexel, Morgan & Co.,WALL STBBET.

OOBSXB OK BROAD, NBW YOBK.

^Arexel * C».,

H».M SoDTB Thiko ar.

Drexel, Harjes & C-

U BoaleTard Haawmitai

Pklladalpkla. rarls.

OOIMSTIC AND FOBEIQM BANKERS.DepMltureceivKliybJecttoDnitt. S«nrttle«,Gola

Ac. toMhtMd «old on CommlMion. InterMt lulowy'

•B DepMlt.. Foreign Kxchange. CommercUJCredlUOible TrmmJen. Clrcnlar Lftt»ri for TtmTsler'

•T*U*I>1« >> >» PV^ »' "1^ world.

ATTOMTBTl AlTD A»BHT* 01^

aiMan. S. 8. raoROAN & CO.,No. » OLD BROAD ST.. LONDON

Brown Brothers & Co.,No. 6B WALL ST., N. V.,

Birr AXD BBU.

BILLS OF EXCHANOEOH GREAT BRITAIN AND IRELAND, PRAHCB,

OBRMANY. BELGIUM AND HOLLAND.Issue Coutmercial and Trarelers' Credits

iir aiEBLisa,ATAILABLB IN ANY PART OF THB WORLD.And in Francs, in Martinique and Guadalonpe.

HAKB TELEGRAPHIC TRANSFERSOF mONEY

B«Cw««n tlilB and other countries, through Londonand Paris

Hake 'Collections of Drafts drawn abroad on all

points In tlie United States and Canada, andof Drafts drHwn In the United States

on Foreign Countries.

S. G. & G. C. Ward,AVBim rcB

BARING BBOTHER8 & OOJOPANr,S% WALL 8TREKT. NEW YORK,

as 8TATK STREKT, BOdTON.

J.ecW.Seligman&Co.,.^' BANKERS, ' '' ''

'rf». 94 BROADWaV, '

-wjs I'll."

SSW YORK.

IsM'e litters of Credit for TrsTelers,

Payable In any part of Europe, Asia, Africa, Ans-tralia and America.Draw Bills of Ezobange and aiake telegraphic

transfers of money on Europe and California.

John Munroe & Co.,No. 8 Wall Street, New York,

No. 4 Poet Office Square, Boeton.CHE<)UES AND CABLE TRANSFBBS CMnVNROE 4c CO., PARIS.

(rrxRLise cheques and bills at sixtyDAYS' BIOHT ON

ALBXANDBBS ft CO., LONDON.

Onaui.^ Noraa jam CBBsm vob TsaTBi-BBa.

J. & J. Stuart & Co.,83 NASSAU STREET.

BILLS OP EXCHANGE ONSHITH, PAYNE ^k: SMITH'S.

BANRBRS, LONDON;BANCHBSTER & COUNTY BANK

" LIMITED ;"'

MANCHESTER, PAYABLE IM LONDON;I7LSTEB BANKINO COMPANY.

BELFAST, IRELANDAND 0» THB

RATIONAL BANK OF SCOTLANDEDINBUBe, AND BRANCHES;

ALSO.CABLE TKAN8FKR8 AND LETTERS OF CRbDn

Knoblauch

.r; & Lichtenstein,BANKERS,M WiUlam St., cor. Exchance PlaceNEW YORK.

*

JtaBe TeleKraphiu Money Transfers.Mraw Bills of Kxchange and Issue Letters oi CrednaUKlnclpaiciaei o' Europe.

SPECIAL PARTNER,DBUT80BB RANK, Rerlln.

THE CHKONRLE.Foreign Exchange.

August Belmont & Co.,BANKERS,

Noe. 19 & 21 Naaaan Street,

Issue Trarelera' Credits, available in all parts of the

world, through the

IHKSSRS. OE ROTHSCHILDand their correspondents.

Also COBuneroial Credits and Transfers of Moneyon California, Europe and Havana.

Morton, Bliss & Co.,35 MAS8AU 8T., COR. OF CKDAR,

NKW YORK.

Issue Circular Notes and Letters of Credit for

Trarelers ; also. Commercial Credits, available In all

parts of the world. NpKOttute first-class Railway,

CItjr and State Loans; make telegraphic transfers

of money and draw Exchange on

MORTON. HOSE & CO.. I*ONDON.HOTTINGUKH 4 CO., IpAniaCREDIT LY0NNAI9, >

fAKIO.

AMSTERDAMSCHB BANK, - - AMSTBRDAH.

[Vou XXAill.

Jesup, Paton & Go.,BANKBR»,

S3 WllUam Street, New VorK.

Accounts and Agency of Banks, Corporations,firms and ladivlduals received upon favorable terms.Dividends and interest collected and remitted.Act as agents for corporations in paying coupons

and dividends ; also as transfer agents.Bonds, stocks and securities bought and sold on

oommission.Sound railroad and municipal bonds negotiated.Sterling exchange bought and sold. Brafts on

Onion Bank of London.

Kidder, Peabody & Co.,BOSTON, MASS.,

Cor. Wall and Nassau Sts., New York.

FOREIGN BAiVKERS.

OABLB TRANSFERS, BILLS OF EXCHANOXAND

COMMEBCLU. ASS TRATEUEKS' CBESITS.

00BRE8P0NDBlfT8 r

BARING BROTHERS & COm Lioadan.

PERIER FRERES <& CO., Paris.

niENDEl,SSOHN ds CO., Berlin.

Hilmers,McGowan& CoBROKERS IN

Foreign Exchange, Stocks and Bonds,

63 IVaU street, New York.Special attention paid to orders at the New Tork

Stocfc Bzchanffe and New York Mlninff Board.

Calttornia Banks.

The Nevada BankOP

SAN FRANCISCO.New York Agency, 62 Wall St.

SURPLUS, invested" m U. 8. BONDS84,000,000 GOLD.

GBORGE 1,. BRANDER, Agent.I88DBS Commercial and Travelers' Credits. avail-

able in any part of the world. Draws Exctange.roreiKn and Inland, and makes Transfers of Moneyby Telegraph and Cable. '

THB

Anglo-Californian Bank(IJMITKD).

I.ONDON, Head Office, 3 Angel Conn.SAN FRANCISCO Office, 422 California St.NK'W If<»RK Agents, J. & W. Selieman* Co.BOSTON Correspond'ts, Massaoliusetts N. B'k.

Anttaorlzed Capital, -

Paid up and Reeerre,$6,000,000.1,700,000.

Transact a general banking business. Issue Com.mercial credits and Bills of Exchange, avauable inall parts uf the world. Collections and orders forHonda, Stocka, etc., executed upon the mostfaTor-ahleterms. PKKD'K F. l.ow, ) ,.

1GNAT2 8TKINHAKT. f**•">«•'•.

P. N. ULIKNTHAL, Caahier.

Cauadlan Banks.

Merchants' Bankor

CANADA.$a,&00,(iOO Paid U^Capital, .

PrMldent, the Hon. JOHN HAMILTON.Tloe-President.JOHN McLBNNAN, K84

HEAD OFFICE, noNTREAL.SBORea HAaUE, General Manager.

WM. 1. INOBAM, Asst. General Managet

BANKERS:LONDON, KNO.—The Clydesdale Banking Comn'»NEW YDhx-The Bank of New York. nTb. A.The New York Agency buys and sells Sterling Ex.

ohange. Cable Transfers, issues Credits aTullable inall parts of the world, makes collections in Canadaand elsewhere, and issues Drafts payable at any ofthe offices of the bank in Canada, Demand Draftsissued jHiyable in Scotland and Ireland, and everydescription of foreign banking business undertaken.New York Agency, 48 Ex cbaDse-pIace.

HiENRY HAGUE ( .»«„..JOHN B. HARRIS JB.. fAgents.

Chlcage Branch, 138 Waahingten Street.ARTHUR WICKSON, Manager.

Bank of Montreal.

CAPITAL, -

SURPLUS, -

• <1 3,000,000, Gold.5,000,000, Gold

aEOKQE STEPHEN, Preaident.

0. F. SMITHERS, General Manager.

J/SW YOBS OtFlCt,,Nos. 69 St 61 WAIil. STREET

WALTER WATSON, > .„„,.ALEX'H Laho, }Ag«nU

Buy and sell Sterling Exchange, Francs and CableTransfers ; grant Commercial and Travelers Credit*'

available In any part of the world; Issue drafts onand make collections in Chicago and throughoutthe Dominion of Canada.

London Ofllce, No. 9 Blreliln Lane.

aqenct of the

Ba N KOF

British North America,No. 53 WALL STREET.

Bay and sell Sterling Exchange and Cable Tnuu-(en. lune demand drafts on Scotland and Irelandalio on Canada, British Columbia, Portland, Oregen,Ban Francisco and Chicago.

Bills oollested and other banking bualneas traoirD, A. MCTATISQ, ) A„„t.W LAWSON JAgentfc

Imperial Bank of CanadaCapital, $1,000,000.

H. 8. ROWLAND. Pres't D. R. WILKIB, Caahier.

HEAD OFFICE. TORONTO.BRANCHES:

St, Catharines, Port Colborne, St. Thomas, Ingersoll.Welland, Fergus, Woodstock, Winnipeg. Man.

Dealers in American Currency & Sterling Exchange.Agents in London : I Agents In New York:

BOSANQL'ST. SALT & CO., BANK OF MONTREAIh73 Lombard Street. I 59 Wall street.

Promptest attention paid to collections payable toany part of Canada.Approved Canadian business paper, payable la

gold or currency, discounted at tne Head Office oareasonable terms, and proceeds remitted to uypart of the United States by draft on New York.

Foreign Bankers.

Nederlandsch Indischc

Handelsbank,AjnSTERDAM, HOLLAND.

Established in 1803.

Pald-Up Capital, 12,000,000 Gulldera($^,800,000 Gold.)

HEAD OFFICE IN AMSTERDAM.Agencies ll, Batavia. Soerabaya and Samarang.

Correspondents in Padane.

Issue commerclai credits, make advances on ship,

ments of staple merchandise, and transact othejbusiness of a financial character In connection wltkhe tr»de with the Dutch East Indies.

BLAJKE BROTHERS &. CO.,

Agents foh noktb aubkica

18 wall street, new york,88 state street, boston

AUOCBT 0, 1881. J THE CHRONICLE. iil

i.

Foreign Bankers.

Nederlandsche

Handel-MaatschappijjThe Netherland Tradiug Society

OF HOLLAND,SSTABLISED 1834.

Fald-np Capital, 30,000,000 Florins,(« 1 4,400,000, (iold.)

KxecuW orders for the purchueor ule of Mercban-dliv, iiouiln, btucki. and other tecurltles, la tlifl

Unltcil sutt'tt, Kuropeand tliefimat; make Coflectloiit,

buy and kII Forelun F.icliance, and glTu adrancmoDoa Merciiandli*) for Kxport.

STANTON IILAKK, S TorUKNUY K. UAWL£V, ) AmorlC*

Haw yoK«. January 1, 1»T9.

Office, 142 Pearl Street, New rork.

Adolph Boissevain & Co.BANKERS

axD

COnniSSION niBRCHANlS,AMSTERDAM, HOLLAND.

H. T. CorrmpondanU.—Mewrt. BLAKB BROS. A CO

Hong Kong & ShanghaiBANKING CORPORATION.

CAPITAL (paid-up) »5.0O0,00O

RBaEKVB KUNU 1,800,000

HEAD OFFICE, HOXO KONO.The Corporation fnrant Drafts, Isaue Iy€tter« of

Oredit for use of lYuveiers, and ney(jtiiito or collectBills payable at Bombay, Culcuttu, SiiiKupore. SaigonManila, Honft Kodk, Foochow, Amoy, Nlngpo,KbanKh.'il, Hankow, Yokohama, UlOKO, Ban Francis-co and lx>ndon.

A. M. TOWN8END, Aicent, 47 William St.

Financial.

Bonds of* Sizret^y^sliipFOR

EMPLOYEES, AND ALL KINDS OFeUAKANTEE BONDS.

TUB

Guarantee ComplyOF NORTH AMERICA,

No. 47 WILLIAni SXREET.By a recent law all judges and officials In the State

of New York arc inuw authorized to accept thebonds of this company in lieu of indivUiULOl bonds.

Cash capital paid up 360,000Cash assetJiiver 300,000I>epoBlt«<l at Albany in D. S. 4 p.c. Bonds lVe,00O

NEW YORK DIRECTORS:J. n. VERMIl.YE, l'rC6t. .Merchunts' Nat. Bank.B. B. 8HERMAN. erest. Mechanics' Nut. Bank.ROBERT a. MINTURN, Messrs. Grlnnell, Mln-

turn A Co.A. I.. liOI'KINS, Vice-President Wabash St.

Louis A racitic Railroad Company.JOHN PATON, Messrs. Jesup. Paton ,^ Co.

W. H. 0YCK3IAN, jisecrelarr.

FIDEUTT tiCARANTEB BONDSARE ISSUBD BY THE

FIDELITY & CASUALTY CO.OF JfEW YORK,

The only company organized in the United Statesiroarantee ng the Udelity of persons holding posi-tions ofVecunlary trust and reaponsibiiity. thus se-curing aCORPORATK fiUARANTEB In lieu ol apersonal bond wiierc security is rerjuired for thefaithful perfonrunce of the duties of employees int^ positions of trust.Full Information can be obtained at the ofllce, 187

Broadway.Wa. M. RicnARDS. President.

Lthan W. Briooh, Vice-President.Jou.v M. CRANE, Secretary.

^ Edward Stakk, General Agent.DtKICTORH—Oeorxe T. Hope, A. H. Hull, G. G,

Williams, W. O. Low, A. 8. Barnes. H. A. Hurlbnt,Geo. S. Coc, J. 8. T. Stranahan, Charles Dennis, Wm,M. Richards, U. O. Clalltn, John D. Malrs, LymanW.Brtggs, 8. B. Chittenden.

Alkz, 8. Cl,ark. u. b. Bacon.

Clark & Bacon,BANKERS AND BROKERS,

3 Pine Street, New York.Buy and sell on commission all Securities dealt In

at the New York stock and the New Yo» MiningKichanges. Deposits recelyed and interest allowedOD balances.

Gzowski & Buchan,(Members of Toronto Stock Exchange.)

BANKERS AND STOCK BROKERS,Comer Toronto and Kins Street*,

TORONTO, CANADA.Stocks, Bonds, etc. bought and sold for cash or onmargin. Iinifts un New York and London and Am-

erican and Sterling Ezchange bought and sold. Col-lections made. Correspondents—Bank of New\ ork. New Y«rk ; Alliance Bank, I/onUou.

Financial.

The Brooklyn Trust Co.Cor.ot Monta«ua A Clinton it*., Brooklyn, N. T.

This Company Is anthorliad by special charter toact OS recoWer, trustee, guardian, executor, or ad-ministrator.

It can act as agent In the Mie or manasement ofreal estato, collect Interest or diTldenda, reeelreregistry and transfer books, or make purchase andsale of Government anri other securities.Iloltglous and ctuirltublo Institutions, and persons

unnecustomed to the transaction of business, wiltdnd this Company a safe and convenient depositoryformonoy. " " " "

nyRIPI.KY ROPES, President.CUAS. R. MARVIN, VIce-Preit.

TRUSTEES:Wm. R. Kendall, Henry Sanger, Alex. McCue,John P. Rolfe, ('has. R.Marvin. A. A. Low,E. F. Knowiton, Abni. II. Huyils, Henry K.Sheldon,U. E. Pierrepont. Dan'lchaiiiicey, .hilin T. .Martin,Alex. M. White. Josluli o. Low, Rlnlcy Ropes,

Austin Corbin. Ktlniuml W. (ôrlics.WM. R. BUNKER. Secretary.

Dominion of Canada.THE FINANCIAL ASSOCIATION OF ONTARIO

Is In a position to furnish Investors with choice In-

vestment securities, carefully selected, yielding

from SIX to SBVHN AND A-HALF PER CENTper annum. Special attention given to business

from the United States. Correspondence solicited.

Tbe Financial Aaaoclatlon o( Ontario,

LONDON, CANADA.EDWARD LE RUET, Managing Director.

F. E. Trowbridge,BANKER AND BROKER,

No, 5 BROAD OR 27 WAI.L STREET,NEW YORK.

Mtmber of tIK N. T. Stock Bxchan<i$,

Branch OrncE:BATEMAN & CO., WASHINGTON, D. C

A General Bankintt Boslnese Transacted.

Securities bought and sold on commission forcashor on margin.Advances made on approved collateral at the

market rate.Leposlts received subject to check at sight.4 per cent interest allowed on all daily balances.Orders executed at London, San Kr;inci3C0, Bos-

ton, Philndelpbia and Baltimore Exchanges.P. 8.—My New York Weekly Financial Report Is

mailed free of charge on applfcatloo.

L. Levy,(LATE OP LEVY <b BORG,)

DEALER IN

All Classes of luTestment SecuritiesAND

MISCELLANEOUS BONDS AND STOCKS,No. 8 Wall Street.

STOCKS and BONDSAt Auction.

rhe Underslgaed hold REOUIÂR AUCIICVSALES of all oUieses of

STOCKS ANn BONDSON

WEDNESDAYS AND SATURDAYS.

ADRIAN H. MVLLER A. SONNo. 7 PINE 8TREE1', NEW YORK.

H. L. Grant,No. 146 BROADDTAV,

NEW YCRK.

CITT RAILROAD STOCKS & BONDSBOUGHT AND BOLD.

See quotations of CHty Railroads In this paper

Thio. V. Sand. John Sickels.llAJt B. Sand, Member N.Y. Stock Excb.

Sand Brothers & Co.,BANKERS AND BROKERS,

54 irall Street, Ncmt York.

STOCKS AND BONDS BOUGHT AND BOLD OMCOMMISSION.

COMMERCIAL PAPER NEGOTIATED.

J.D. Probst & Co.,

STOCK AND BOND BROKERSNo. Sj BZCHANQE PLACE, NEW YORK.

Stocks, Railroad Bonds, OoviRNVsirrfl an>)lIgCBU.AIIK0V8 BBGOKISUB BOUaBT ADD 8«U>

Financial.

John J.Cisco & Son,

BAIIKERS,No. 09 WALL HTREET, NEW YORK.DEPOSITS RKCKIVKI) HIJH.IKrT TO CHKCK

AT SIGHT, AND INTKRBHT ALLOWKU uHDAILY HALA.VCKS.(iOVKK.V.MKNT IIONDS, STOCKS AND ALL

INVKST.MKNT HKCUR1TIB8 BOUGHT ANDSOLU ON COMMISSION.

Lummis & Day,.Vol. M and 8S DREXBL BUILDING, Cor. WALL

and BROAD STREETS.BANKERS AND STOCK BROKERS.WILLIA.U Ldumis, IlENar DAT,

Members of New York Stock Kzchange.

To Investors.CinctDDStl Oold Oa,due 1906.

Cincinnati Currency Cs, due 1009. ,

Cincinnati Sinking Fund 7b, due 1904.

Cincinnati Main Issue 7'30s. due 1902.Ecioto Valley Consol. Gold 78,xlue 19 10.

UrANTEDtOhio & West Virginia 1st 7e.

Columbus <& Toledo 1st 7b.

Columbus & Toledo 2d 7s.

Scioto Valley 2d 78.

D. A. EASTON,With BOODT, McLELLAN& CO„ Bmnker%

No 58 BROADWAY. NEW YORK.

J. S. STANTON,DEALER IS

Pacific Improvement Company.American C:able Construction Company,International Improvement (k)mpany.Continental (instruction and Improvement CcNorth River Construction Company,N. Y. A Scranton Construction Company,New York, Chicago A St. Louis Subscription, an

all other quotable Construction Stocks.

17 NASSAU STREET,BASEMENT.

FOB CHOICE

6 Per Cent Mortgages,ADDRESS

FRANCIS SMITH,Successor to SMITH A HANNAMAN,

Indianapolis, Ind.

INTESTnENT SECURITIES.

An assortment of desirable bonds

always in hand.

Correspondence solicited.

ADDRESS:

A. W. Beasley & Co.,

98 BROADWAr. NEW YORK.

OFFICE OF PULLMAN'S PALACE CAB.co.Ml'ANY. Chicago. August 1. lo81.FIKTV-SIXTU (ÛARTKRLY DIVIDEND.

The usnal quarterly dividend of TWO (8) Per Onton the capital stock of this company has been de-clared,payable August 15 at the following offices:The Farmers' Loan & Trust Co., New York.New Kngland Trust Co., Boston.(Company's Office, Chicago.

A. s. WEINSHEIMER, SecretArr.

NEW YORK, July tS, 1861.

rPDE 3STH SE.1II-ANNUAL CASH DIVI-

DEND of the ILLINOIS CENTRAL RAILROADCOMPANY, being THREE AND A HALT (SH)

PER CENT on Its caplUI stock, will be paid by tbeundersigned Sept. 1. 1881, to shareholders as reiils-

tered at the close of business on the ISth Aofustafter which, and until the fifth dsy of Sept, thetransfer books will be closed.

L. T. F. RANDOLPH, Treuarer.

OFFICE OP THE ONTARIO SILVERMINING CO.. 18 WAtX STBSBT, NEW YOUC.

Augusts, IS81.

DIVIDEND No. TD.

The Regular Monthly Dividend of Fifty Cents per

share has been declared for July, payable at

tbe office of the transfer agents. Wells, Fnnco A (;o..

No.eo Broadway, on the 10th Intt.

Transfer books close on tbe 9th Init.

U. B. PARSOKB, AMliUDt Secr«tar7.

THE CHRONICLE. [Vol. XXXm.

Financial.

rpo THE HOLDERS OF ÊCOSD MORT-loAGK UO'l"?."^ J.¥,|?Jy--The Chicago

"'prom'rnd'5f"or''ihe first day of August next, In-

„id bond,. s,„,f™]5^sf^Yn. a BR. CO.

New Vork, July 6, 1881.

SALE OF BONDS OF CHOTEAII COUNTY,'*•' MONTANA TKKRITOUY.Pursuant loan Aciof the Legislative Assembly of

the Territory of Montuna, entitled "an Apt to pro-

vide foVtUe funding of the outstanding ndeblert-

Sess of rhoteaa cSunty. Montana Territory, ap-

Sfoved February 23, 1881, the Board of County.ommissU.ners of mid County will offer for Mie at

PUBLIC AUCTION, at the County Clerk s OtBce, at

Fort Benton, Choteau County, Montana Territory,

on the first day of Septemiier, A. '>• l^'j"' "o'clock A. M., Ten Thousand Dollars (*10,000) of

Choteau County Coupon Bonds. Said bonds are due

at the pleasure of the County after flye years, andredeeraablc In ten years, and bear interest at the

rate of sevpn per cent per annum ; the Interest pay-

able eemi-annuHlly, on presentation of the proper

coupon, at the olScc of the Treasurer ot said

Conity, or at some designated hank in >ew TorkCtty. at the option of the holder, said bonds shall

be of the doDOmlnation of one hundred dollars

and one thousand dollars, and will be Issued on the

10th day of September, A. D. 18ol,hut will not besold for less than par.By order of the Board this 11th day of July, A. D.

1881. JNO. W. TATTAN,Attest- Ex. off. Clerk of Board.

Jos. S. Hill, Chairman.

fPHE INTEREST ON THE FOLLOWINGI bonds is payable at the Banking House of Messrs.WINSLOW, LAN1EU& CO., corner of Nassau andCedar Streets, New York City, on and after August1. 1881

:

lAwrence Railroad Company-First Mortgage 7a.

Lawr* ncptûrg, Indiana—Municipal 7s.

Marietta, Ohio-Marietta & Cincinnati RR. aid 8s.

Pittsburg Fort Wayne & Chicago Railway Co.—First Mortgaged.Second Mortgage 7s.

Terre Haute, Indiana—Clncian.»ti A. Terre Haute RR. aid 78.

AUGUST 12.Centrevllie. Ind'ana- -

Township Os.AUGUST !».

OalllDOlis, Ohio—Municipal 88.

Financial.

rjFFlCE OF THE ROCHESTER & PITTS-'-'burg railroad COMPANY, No. 11 PINKStreet, New York CiTr.—The transfer books of

this company will be closed at 3 P. M-, August 8,

1881, for the purpose of enabling stockholders of

record to subscribe to the funds for the extensionsof this company and for the purchase of the stock

of the Rochester & Pittsburg Cal Con pany.The right to subscribe both to the construction

fund and to the purchasing fund will expireAugust 15, 1881.Particulars will be furnished to stockholders on

application at the office of the Company, No. 11Pine Street. New York City. By order of tho Boardof Dirt^ctors.

WAL9T0N H. BROWN, President.

St. Paul& Duluth RR.CoTHIS COMPANY WILL ISSUE

91,000,000 FIRST MORTGAGE 5 PERCENT COUPON BONDS,

in sums of $1,000 each, payable in Fifty Years-In-

terest due on the first days of February and August

;

which bonds may be registered, at the option oi

tho holders.,

These bonds are secured by a mortgage or trust-

deed to the CKNTK AL TRUST COMPANY ,of New

York, conveying the railway ot the said railroad

company and branches, constructed and to be con-

structed, or acquired by lease or otherwise, andgenerally all equipments, appurtenances, property,

revenues, franchises and lands, excepting tlie land-

grants of the company not required in the opera-

tion of the railway, and subject to the joint interest

of the Northern Paclttc Railroad Company mtwenty-four miles of the railway, extending fromthe Northern Pacific Junction to Duluth.The railway mortgaged consists of one hundred

and fifty-six miles of main track, extending fromSt. Pauirto Duluth, Minnesota; branch of sevenmiles, extending from N. P. Junction to Knife falls;

a lease of brunch of fourteen miles, from WlutoBear to Stillwater ; and a lease ot branch of twenty-one miles, from Wyoming to Taylor's halls; all in

full operation. The main track, branch and equip-

ment owned by this compai,y represents a cost ofTEN MILLION DOLLARS, upon which this mort-gage is the first and only Hen. ,flft«ATho authorized capital of the company is $6,000,-

000 of Preferred and $fl,0',0,000 of Common Stock,of which H,705,600 Preferred, and $4,055,400 Common,remains outstanding.Tho land grants held and inuring to the company

amount to over 1,500,000 acres, much of which 18

covered wi. h valuable tim ber.Out of the net income of the property for the

past four years, over $500,000 has been expended in

its extension, improvement and equipment, and$844,000 m Preferred Stock has been retired.

The bonds are Issued far the purpose of furtherimprovement, replacement with steel rails, provid-ing additional equipment and facilities for theoperation of the railway, and for the extinguish-ment of any Indebtedness incurred for such im-provements.Proposals (endorsed as such and addressed to

WILLIAM M. KHAWN, Vice-President of theCompany, at his office at the National Bank of theRepublic, of Phlliidelphlu, Pa. , for all or any part

of said bonds, will be received until noon of Mon-day, August 15, when the proposals will be opened.A check for five per cent of the amount desired

must accompany, each proposal. Notice of theacceptance of bids will be mailed on August 16,

and checks received with unaccepted bids will boreturned on same date.No bid for less Ihan par and accrued interest w".U

be considered.The right is reserved to reject any bid not oeeta d

for the best interests of the company.Payment for the bonds, with accrued inter ^t

from August 1, 1881, must be made to the CentralTrust Company, of New Y'ork, on or before Septem-ber 1 ; which company will issue a receipt, to be ex-changed for the bonds as soon as engraved andprinted (on or about September 10).

For further information, address the undersigned. WILLIAM H. RHAWN,

R. B. ANGUS,HENRY U. PORTER,

Office of Vice-President, Bond Committee.Philadelphia, Pa., July 22, 1881.

PITTSBURG BRADFORD &.

BUFFALO RR. CO.'S

First Morlgase 6 Per Cent Gold Bonds

FOR SALE AT THE

NATIONAL BANK OF THE REPUBLIC.

rjHICAGO Jk ALTON RAILROAD CO.,

Chicago, August 8, 1881.—NOTICE.—A Cash

Dividend of FOUR PER CENT on the preferred

and common stock of this company has been de-

dared, payable on the first day of September next,

at the olBce of the company's agents, Messrs.J1I9UP. PATON i CO., No. 53 William Street,Kew 'York. The transfer books win be closed onthe 15th lust, and reopened September 2 next.

C. H. FOSTER, Treasurer.

PACIFIC RAI LV|^\^Y^ IMPROVEMENT

CiKcui ah'no. p.' Jj' '* NEW YOIIK. AUOTlst 9 IfifltThe Ninth Instalment of K, p4r cenj uifon .,Vh

»oripnon« tor the instruction of the Kii GrandeJExlon!.„n of I he Texas ,t Hacitlc Kailwav will l,pdue and payable on August i1. 1881. at tK J.ffico of\\,...n,i,..lt.riC„,Ml;.xchango Place, New Yorkaid be to the order of C.F.wnEI{l«-'?lS"'k''nrt f'"'°"='>t» "111 be indorsed' acs, and bonds appertaining to theh.A,,, ,,,,u,,ment of 10 per cent will be ready fo?deiirery on that dale.

"c ri.uuj lor

C. F. W0ERI8H0FFER, Treasurer.

- . Office op the ^

^J'lPVS^'*.""*''' * Imi'|")ve.«ent Compasv i

October 1 I«-6.at any timo a „ tî e fj;"?'„'lv'?fJanuary. 1M7U. Urst having given six ,„mh.'''">' "^f

or their intern l„n to mak? such pavn e„t 'oVrnî^hereby kIvch to the holders of the snlii i;;.P .£ 'j

the Comn,n., In the exercl'o of said "wu w n '.'j.l'ithe principal anil Interest of the "aid ll;.n,l. ! ' '^Nati..,„l Bankof Cnmincrco. ,"^ ," 3l,V"iil "{ ,''«

ceraber, 1881, «t which date Inlore.t <in,^Z ,' "'i'WJU ceM«. JOILS 8. BAB«Ks' vicTpresidcnt:'''

Financial.

.Albert E. Hachlield,17 NASSAU. STREET,

Deals In Inveotinent Sernrltles andBondH Genernlly.

WANTED

:

Indianapolis U St. Louis Ists.Oolumbus & Toledo Ists.Joliet & Northern Isrts.

Kansas &. Nebraska Bonds.St. Joseph it Western Bonds.Cincinnati Hamilton & Dayton BondsKUK SAI.K :

Consumers' Ice Company's Stock,An Eight Per Cent Inveatmen

R.T.Wilson & Co.,BANKERS AND COMMISSION MERCHANTS

2 Excliance Oonrt, Neiv Vork.

Kountze BrotherSjBANKERS,

120 Broadway (Equitable Buildlne;\

NEW YORK.I.ETXERS OF CREDIT

AND

CIRCULiAR N O T C SIssued for the use of travelers in

all parts of the world.Bills drawn on the Union Bank of London

Telegraphlo transfers made to London and toTtirious places In the United States.

Deposits received subject to check at sight, and In-terest allowed on balances.

QOTemment and other bonds and investment ee-ooilUea boagbt and sold on commlsalon.

" OOl^D FIVES OF 19S1 »

OF THE

Chicago St. Louis & New-Orleans RR.

COUPON BONDS OR REGISTERED CER-TIFICATES OF $1,000 EACH,

These bonds are secured by a mjrtgape that cov-ers the franchise and entire property of the com-pany, including the equipment, branches, exten-

sions, lands or other property now owned or when-ever acquire:! for the purposes of its incorporation

This loan has been authorized to consolidate

existing debts, with large reduction of interest

charges, and without increase of indebtedness.

THE ILLINOIS CENTRAL RAILROAD CO.owns two-thirds of the capital stock of this com-pany and controls this necessary extension of its

ine from Cairo to New Orleans.

Further particulars may be had upon application to

^VIXSLOW, LAWII^R & CO ,

2C NASSAU STREET.

'iugust Investments.

êntral BB. o Kew Jersey Ists. 78. 1890.

Toledo Peoria & Western ists, 7s, 1017.

Cincinnati St Muskingum Valley Ists, 7s, IdOl.

New Jersey Southern Railway Ists. 6b, 1899.

tin. Indianapolis St. L. & Chic. Ists, 68, 1980.

Scioto Valley Cons., 7s, 1910.

Erie Hallway 1st Cons.. 7b, 1920.

Grand Rapids & Ind. Land Grant 7s, 1898.

Menominee River Ists, 7s (guar, by Chicago &Northwestern), 1908.

CHAS. T. WING,(With A. M. Kidder 4 Co., Bankers,)

18 WAIiL, STREET. NEW YORK.WM.D. HATCH, WM. B. KBNUAU,.Member N. Y. Stock E.^ch.

No. 81 WAEl. STKEET,

BANKERS AND BROKERS,Refer to Messrs. FI8K & HATCH.

J.C. Chew,

No. 7 WALT- STREET, NEW YORK.TEXAS RAILWAYS,

BOM>S, LANDS, &C,Desirable Texas Securities ror Investmerit coo

Ktantly pn hane

Car Trust Bonds.WE MAKE A SPECIAI.TV OK THESE VERT

SAFE SECUUITIliS, AND BUV AND SELL SAMKAT MARKET I'UICE.

WB OFFER ALLMlTEn AMOUNT OF DESIR-ABLE CAR TRUST ISSUES, ADDITIONALLVSECURED BY THE DIRECT OBLIGATION OFTUB RAILWAY EQUIP.MENT CO.MPANT.

CLARK, post" & MARTI.V,34 nXE STREET.

Spencer Ti'aslc.

Geo. F. PeuhodyS^ Fred. Jt. Xcyea.

Spencer Trask & Co.,BANKERS AND BROKERS,

70 Broadway, New York City.

Transact a general Banking Business

Stocks Bcnght and Sold ou Margins.

Interest allowed on Deposits.

Branch Offices,

Connected by Prirate Wires,

Philadelphia, 132 S. Third St., C. F, Fox.

Albany, N.T., Maiden Lane, W. A. Graves.

Saratoga, N. Y., Grand Union Hotel.

C. H, & E. Odell,AGENTS FOR

Steel and Iron RailMANIIl-'ACTUnEUS,

104 John Street, Kooras 10 & 11,

MEW YORK CITY.

xmmHUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATEa(Entered, according to act of Congteim, in tbe year 1S81, by Wm. B. Dama A Co.. In tbe vfflce of tbe Librarian of CongreM, Waalilngton, D. C.)

VOL. 33. SATURDAY, AUGUST 6, 1881. NO 841.

CONTENTS.

Tbe Fiiiam-ial Situation 135Our Ft>r('ii.'ii Commerce 137Klii.ini"ittl Kovlew of July,

l~-;i 139III !.i Statomont for July, 1881 140luilMii'U nnil Exports for June,and for TwelTe Moutbs End-oil June 30, 1831 140

THE BANKERSMoney Market, Forclgu Ex-change, U.8. Securities, Stateand Railroad Bonds andStocks 144

Bange in Prices at tbe X, Y,Stock Exchange 145

THE CHKONICLE.U. s. Treasury Statement IllMonetary and Commercial

Enjillsli News 141Coiiiiiiercial and MiscellaneousSews 142

luipurta and Exports 143

GAZETTE.'Railroad Earnings apd BankKcturns 146

General Quotations of Stocksand Bonds 117

Investments, and State, Cityand Corporation Finances... 153

THE COMMERCIAL TIKES.Commercial Epitome 155 1 Breailstufls 160Cotton 15ij

I Dry Goods ISl

The C0M.MBRCIAL AND FiSANCUL Chrosiclb is issued every Satur-day morning, with the latest news up to midnight of Friday.

[Entered at the Post Office at New York, N. Y., as second-classmail matter.]

TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE:For One Year (including postage) $10 20.For Six .Mouths ao 6 10.Annual subscription in London (including postage) £2 7s.Six mos. do do do 1 8s.

Subscriptions will be continued until ordered stopped by a writtenorder, or at the publiailion offUx. Tbe Puliiishers cannot bo responsiblefor Bemlttauces unless made by Drafts or Post-OIBce Money-Orders.

AdTertisementa.Transient advertisements are published at 25 cents per line for each

Insertion, lint when detiuite orders are priven for Ave, or more, insertions,• liberal ilLscouut is made. Special Notices in Banking and Financialcolumn 60 cents per line, each Insertion.

IjOndon and Ijirerpool Office*.The office of the Chhoxicle in London is at No. 74 Old Broad Street,

and in Liverpool, at No. 5 Brown's Buildings, where subscriptions and•dvertisemeut-s will bo taken at the regular rates, and single copies ofthe paper supplied at Is. each.

WILLIAM B. DASA, ) WILLIAM B. DANA & 00., Fablishen,tOUS Q. FU)YD, JR. i • 79 & 81 William Street, NEW YORK.

Post OrFicE Box 4592.

Vir A neat file cover Is furnished at 50 cents ; postage on the same IsIS cents. Volumes boanil for subscribers at $1 00. A complete set ofthe COMXEBCIAL AXD FiSANClAL Cu ttOSiCLE—July , 1865, to date—can be obtained at the office.

THE FINANCIAL SITUATION.The first effects of the floating of the new Italian loa n

are seen this week in the report by the Bank of Engla ndof a loss of £1,000,000 gold during the last seven days.

The possible influence of this loan for £15,000,000, not

only upon the money markets of Europe, but upon our

own, is a matter that merits important consideration. It

is generally believed that as soon as the crops begin to movethe rates of foreign exchange, now already quite near the

specie-importing point, will fall still lower and make it

profitable to import gold to this country. In view of the

new demand that Europe will have to meet, the questionIS raised, can we depend with certainty upon importationsof gold from abroad this fall ? Should our commerce re-

quire additional supplies of that metal, are we in a posi-

tion to compel Europe to furnish those supplies ?

t In the first place, it would not appear probable that our

needs will bo as great as in either of the two previoua

years. With the resumption of specie payments it was of

course necessary that we should augment our stock of

gold, and we proceeded to do this by retaining our domes-

tic production and importing largely from abroad. In

1879-80 our net imports of gold were $77,119,371, and in

1880-81 $97,452,737. By these means we were enabled

to add almost 250 million dollars to our stock in the short

space of two years. The estimate of the Director of the

Mint gave $520,000,000 as the total of gold in the country

on May 2, 1881, against only $286,000,000 July 1, 1879;

While without doubt we can absorb further large supplies,

these figures would seem to make it certain that it is not

likely that our wants will be very urgent or anywhere near

as heavy as in 1879 or 1880.

Now as to our. ability to draw what we do need. The

trade returns given on another page show that we are in a

much stronger position now than a yaar ago for command-

ing gold imports. The excess of exports over imports of

merchandise and specie, was, in 1879-80, $91,792,521 ; in

the year just passed it was $168,557,604. We are thus

pretty nearly 77 millions better off in this respect than in

1880. Yet with an unliquidated balance of not quite 92

million dollars left outstanding at the close of 1879-80—

a

good part of it, too, only apparent, not roal—we were able

to draw from Europe during 1880-Sl more than 97 mil-

lions of gold. It may be argued that it was the condition of

the 1880-1 trade, and not the balance outstanding at the

end of 1879-80, that permitted these imports of gold, and

we admit this, in part. It may be further said that the

nominal balance of 168 J millions on June 1, 1881, is there-

fore of no consequence, and that all will depend upon the

trade of the current year. To prove that the large balance

of 168^ millions was of no consequence it would first have

to be demonstrated that interest payments on securities

held abroad, freight charges on imports, and other items

that have to be taken into the account, had wiped it all

out. But waiving this, and assuming that we will have to

rely upon current trade, the outlook is equally encouraging.

Some anticipate that our exports will be so largely dimin-

ished by deficient crops as to make any merchandise bal-

ance in our favor exceedingly problematical. We do not

share this view. Should a decreased production of wheat,

for instance, cause a falling off in the quantity left for

export, it would not be at all surprising to see higher prices

as a natural concomitant, with the effect, as far as values

are concerned, of offsetting, in whole or in part, the loss

in quantity by an increase in price. As a case in point,

we have the exports of wheat during the last two years.

Counting flour at its pioper equivalent in wheat, the ex-

ports were 5J million bushels smaller in 1879-80 than i'n

136 THE CHRONICLE. [Vol. XXXIIl.

1880-1, yet prices were so much higher in the former

period that values were actually 13 J million dollars heavier.

Further, should the crops in Europe be more favorable

than in previous years, it is not to be forgotten that this

will improve the position of the agricultural classes, and

consequently increase the demand for, and consumption of,

goods—more especially cotton goods. Now, the raw ma-

terial for these goods will have to come from America,

and no one has as yet claimed that our cotton crop will he

a failure or that we will not be able to meet any demands

upon us for this staple. When in connection with all this

we take the fact that at the recent low prices large pur-

chases of securities for European account were made,

which will have to be paid for one way or another, the

strength of our position will be readily apparent. How-

ever European nations may struggle among themselves for

their rapidly waning stocks of gold, there can be little

doubt that unless speculation should again become ram

pant in our merchandise markets, and force prices up,

with the result of swelling imports and checking exports

—

there can be little doubt, we say, that unless this occurs

the United States can command all the additional gold

her commerce may need.

On the Stock Exchange the most important influence at

th« present time is the railroad war, which is still con-

tinued with imabated fury. During the past week this

has been about the only element aSecting stock values,

the market being dull and otherwise almost without fea-

ture. Speculators seem to be in an attitude of expectancy,

waiting for something which should indicate that the rail-

road war was nearing its end. A report which was current

on Tuesday thet the managers of the roads were arranging

for a conference tended to stiffen the market for the trunk

line shares on that day. On Thursday the news came that

Commissioner Fink, at the request of a number of rail-

road managers, had called a meeting, to be held on

Wednesday next, for the purpose of discussing matters

relative to the differences between the roads; and it wasthen understood that a preliminary meeting of railroad

presidents would be held at Saratoga on Saturday. Theway thus seems to be paved for an adjustment of the

troubles, provided those who inaugurated the contest are

in a mood to make mutual concessions. It is clearly in the

power of one, and perhaps two, of the presidents of the

trunk-line roads to stop the fight at once. Apparentlynothing can be gained by continuing the conflict. Allthe roads are involved, and be the losses great or smal^every day that the fight continues takes so much from therevenues of the companies. »The pubUc do not clearly understand what object is to be

gained by the contest. In the absence of positive informa-tion the theory has been advanced that Mr. Vanderbiltwas de»iroTi3 of introducing certain reforms in the man-agement of the business of his roads, and that meetingwith opposition from the officers of other lines, he haddetermined, by keeping up the war, to force his opponentsinto an agreement. Exactly what these proposed reformsTfere or are, does not appear, but it is supposed that theyrelate to the employment of freight and passenger agenteat terminal points.

The hint has also been thrown out in one of the Westernpapers that Mr. VanderbUt was seeking to get control ofhe Erie road, thereby obtaining one of the most importantof the competing lines, and enabling him to take an inde-pendent course as regards the other routes. The fact thatthe Credit Valley road is being extended from St. Tliomasto Toronto, thus placing the Canada Southern in a strongerpoeiuon for competing with the Grand Trunk and the

Great Western, appeared to confirm the view that Mr.

Vanderbilt's plans were far-reaching and that he was

seeking possession of the Erie and at the same

time hoped, with the Canada Southern extension to

Toronto and Montreal, to hold the Canadian roads in

check. With such a combination Mr. Vanderbilt would,

it was urged, have no need of pools, for he could practically

control the business between Chicago and New York and

be able to defy competition either from existing lines or

those now in progress of completion or which might be

projected. To this we would say that whatever his in-

tentions may be as respects the Canada Southern, there

would appear to be little ground for giving credence to

the Erie part of the story. For him to control both of the

great trunk lines within the State, would certainly be to

invite legislative interference, and of this Mr. Vanderbilt

has a wholesome respect. It will be remembered that

when he sold a large block of Central stock, some time ago,

he gave as one of his reasons for doing so his desire to

have the stock as widely distributed as possible, so as not

to render himself open to the charge of running a

close corporation or a monopoly. Besides, until dividends

have been paid for three consecutive years upon the pre-

ferred stock, control of the Erie is retained by the Recon-

struction Trustees in London.

Money i» in abundant supply, and the demand is still

limited by reason of the short interest in the market.

The domestic exchanges show, however, that Chicago and

other Western cities have been drawing heavily upon NewYork, to aid, no doubt, in carrying on the speculation in

food staples at those points. The Treasury operations for

the week include the receipt of $300,000 gold from SanFrancisco. Taking this into the account, the Treasury

has gained $2,711,925, which is a loss to the banks.

The Assay Office has paid out $111,664 for domestic and

foreign bullion, and the following shows the daily receipts

by the Sub-Treasury from the Custom House.

Dtttics.

ConsisUng of—

Date.

Oold.U. S.

i'^otcs.

Silver

Dollars.

Silver

Certiflcates.

July 29 ...

" 30....

Aug. 1....

" 2....

" 3 ...

" 4....

$372,784 00394,047 49

666,134 52631,748 77437,743 le

549,310 51

$173,000140,000233,000312,000156,000

291,000

$17,0007,000

20,000

22,00019,000

17,000

$1,000

1,000

1,000

$383,000246.000

362,000348,000263,000£41,000

Total... $3,301,790 45 $1,335,000 $102,000 $3,000 $1,843,000

The following shows the net Sub-Treasury movementfor the week ended August 4, and also the receipts and

shipments of gold and currency reported by the leading

banks.

Into Banks. Onto/Banks Ket.

Treasury operatlona, net $2,711,925

2.127,000

$2,711,925Interior moremeut , 958,000 1,169,000

Total $958,000 $4,838,923 $3,880,925

The interior movement given above embraces all the

receipts and shipments of gold and currency reported to

us by the principal banks for the week ended August 4,

which, stated in our usual form, were as follows.

SeuiptsatandSMpmenttfromy. T. Reeeived. Shipped.

Currenoy $937,00021,000

$867,000Gold 1.260,000

Total $958,000 $2,127,000

The Bank of England reports a loss of £1,000,000

bullion for the week, as stated above, and £100,000 was

withdrawn on balance on Thursday. The Bank of France

shows a decrease of 1,025,000 francs gold and an in-

crease of 1,600,000 francs silver for the week. The fol-

ll

AuouBT 0,1881.1 THE (JHttONIOLE 137

lowing exbibita the amount of bullion in each of the

principal European banks this wook and at tho correspond-

ing date last year.

Bank of Englnnd ...

Bulk of Franoo

BMik o( Uermauy . .

.

Total tl»l» weekTotal previous week.

Aug. 4, 1831.

Ovid.

M2.'i,250.680

25;G22,432

9.315.170

60,l!)4,.'\63

'Jl.235.615

SUver.

.5O.«44,010

10.ti70,370

70,114,380

70.050,3W

Jiug. S, 1880.

0oM.

£28.01 l,73fi

30,644,590

9,482,000

08.739,327

69,277,214

surer.

,^0,017,393

19,904,000

60,081.303

09,240.015

^v> The above gold and allver divlaloa of tbe stock of ooin of the

Bank of Oonnany Is merely popular estimate, as the Bank Itself gives

nu information on tbat point.

The foreign exchange market has been dull, weak and

without special feature. Tho tendency is downward.

Very little has been done by cable in securities between

here and London. The margin for these transactions will

be seen by the following table, showing relative prices in

London and New York at tho opening each day.

Auo. 1. Auf. S. Auo- 3. Am. 4. Aug. 9.

tond'n N.r. Lond'n N.T. Lond-n W.F. Ltmd*n N.Y.

yriut.' prica. pricft.* prica. prt«M.« prica. prica.' prica.

II.8.4S.0. 11849 uea 11040 ueH U840 IIOX 116-40 UOHD.8.3MI 101-83 io2h; 101-85 10?H 101-85 102K 101-85 102«

Brie 09 43 89 43K 41-37 4»W U-iH 44H 43-40 43^

2d con. 101-8S 103 103 30 lOSX 103-30 103H 108-09 WiH111. Cent.

tt133-07* 137 134-83* I37X 1 34-J 8* 1S7« ;34S4* isaw

K. y. C. 144-28 14SK 146 01 14i« 144 89 144 114-28 li3H

Bwuling «9-S8+ 89 31-52 63H S3-93t 67 88-9S-t 65M

Xxch'ie,cablet. 4-8S 4-85 4-S5 4-85

• Eipreued in their New Tork equivalent.

f ReadlnK on basU of 150, par value.

* Ex Interest.

Note.—The New York equivalent is based upon the highest rate for

cable transfers, which ordinarily covers nearly all charges, such as

Interest, Insurance and commissions.

The Government bond market has been strong, with a

good demand over the counters of dealers and at the

Board, Investors who have hold off because of the un-

certainty regarding tho result of the President's wound>

now appear confident of his speedy recovery and are lib-

erally buying bonds.

OUB FOREIGN COMMERCE.

It is scarcely necessary to remark that the trade returns

for the fiscal year ended Juno 30, Just issued, are ex-

tremely favorable. The excess of merchandise exports

over imports reaches the large aggregate of $259,726,254,

or $92,042,342 more than in the previous fiscal year, and

has only once been exceeded, namely in the fiscal year

1878-79, when the excess was $264,661,666. Of the

balance in our favor there was wiped out by net importa-

tions of specie $91,168,650 in the year just closed, and

$75,891,391 in the previous year. There is thus an un-

liquidated balance of $168,557,604 this year, against

$91,792,521 the previous fiscal year. How much of this

is apparent only, it is of courso impossible to say. Yet it

is indisputable that as the balance is so much greater thanin the previous year, our ability to draw gold from Europe,other things being equal, should be increased.

The merchandise exports are tho largest on record, and,

strangely enougk, the merchandise imports are secondonly to those of the previous fiscal year, when the move-ment was swollen by the prevalence of the speculativemania in the early part of 1880. The size of the importsis surprising because prior to the panic these reached largeproportions and it was thought they would not be againequalled for a long timo to come. Previous to 1879-80

the largest total of imports was recorded in 1872-3, just

before tho panic, when the value was $642,136,210. Yetthe imports of the last year are $457,009 above these then

unprecedented figures. In the following table, showing the

trado movements for the past twenty-one years, tho

figures have been arranged in groups of five-year periods,

in order to bring out more strikingly the changes that

have taken place during that timo. The figures tell their

own story so well that we give them without comment.

TAi.VE or iMFonrs and exports or URRCiiANniss raoM 1861 to1831, INCLUSIVE—WEOIE VALUES.

Tear endJune 30.

1861.186-^.

1863.1864.1905.

Tot. 5 yrsAverage..

1806.18C7.1868.1869.1870.

Tot. 5 yrsAverage.

18711872187318741875

Tot. 5 yrsAverage .

.

1876 ,

1877187818791880

Tot. 5 yrsAverage.

1831

TotalcxporU.

ft

219,.553,933190,670,501203,004,447158,937,9S8lG0,029.:i03

939,056,072187,811,214

318,9.'>0,r)22

294,506,14128 1,952,890286.117,697392,771,768

1,604,203,027320,841,605

442,820.178444,177,586522,479,922386,283,040513,442,711

2,509,203,437501,840,637

540,384,671602,475,220694,865,760710,439,441835,033,658

3,383,803,756676,760,751

902,319,473

Importi. Exeeu of exporttor Imporh.

289,310,r42180,.t66,677243,335,815310.447,283238,745,580

1,277,195,897255,430,179

434,812,06639i,761.096357.436,440417,506,379435,958,408

2,041,474,389408,294,877

520,223,684620.595,077042,136,210567,406,342533,005,436

2,889,366,749577.873,340

460,741,1004? 1,323,126437,051,532445,777,77"067,954,740

2,462,848,309492,509,074

042.593.219

9Imp. 09,750,709Exp. 1,313,824Imp. 39,371 ,3(;8Imp.157.609,295Imp. 72,710,277

rmp.338,1 39,825Imp. 67,627,966

Imp. 85,952,544Imp.101,254.955Imp. 75,483,541In)p.l31,388,082Imp. 43,180,640

Imp 437,200,382Imp. 87,453,27r

Imp. 77,403,506Imp.182,417,491Imp.ll9,056,28»Exp. 18,876,098Imp. 19.502,725

Imp 380,103,312Imp. 70,032,062

Eip. 79.643,481Exp.151,152,094Exp.257.814,234Rxp.204,06l,06(iExp.lC7,G?3,012

Eip.920,955,387Exp.l84,191,C77

Exp.250,726,254

Total imporleand etportg.

508.864,87»390,027,178447.300,262476,285,271404,774,888

2,210,251,069443,260,393

783,671,588000,267.237630,389,339703,624,076828,7.^0,176

3,643,682,416729,130,483

963,043,8621,070,772.0631,164,616,1321.153,680,3821,046,143,147

5.398,570,1861,079,714,037

1,001,12.5,8611,053,798,3461,131,917,2981,156,217,2161,503,593,404

5,846,652,1251,169,330,425

1,544,012,692

It may be interesting to know also the relative standing

of tbe different leading ports, so we have had prepared

the subjoined table, showing each port's proportion of the

total imports and exports during the last two years.

The gain in the percentage of exports under the head of

"all other ports " is to be ascribed largely to the increased

cotton movement. For the same reason, in great part,

the percentage at New York has fallen off. New Orleans

gained chiefly from an augmentation in its breodstuffs ex-

ports. Following are the figures.

EXP0BT8 AND IMPORTS OF MERCHAMOISB AT UNITED STATES POSTS.

Exports (Domesticand Foreign.)

New YorkNew Orleans ...

BaltimoroBostonPhiladolpbia ...

San Francisco..All other porta

.

Total.

Imports.Now YorkNew Orleans ...

BaltimoreBostouPhiladelphia ...

Bail Fiauclsoo..All other ports

Total.

1880-81.

407,130,102103,741,24472,471.69373,433,85044,-229.33035,095,856166,167,398

902,319,473

435,465,71412,213,920X6,189,81861,900,13132,581.79137,949,90240,232.885

642.503,219

Per cent ofWholt.

451211-50803814490380

18-42

lOOOO

67-771-902-.'.2

B-64507601719

100 00

1879-80.

392,560,09090,442,01976,253,50050,238,34149.640,60332.353,830135,136,110

935,638,658

159,037,15310,611,35319946,08968,503,13635,944,50035,221,75137,790,804

687.954.740

Per cent ofWhole.

46-9810-82e-is7-096-94387

16-17

10000

68-861-592-99

10-266-386-276-66

100-00

During June, the last month of the fiscal year, the ex-

ports fell off almost nine million dollars. This is ac-

counted for by a smaller cotton movement, a smaller bread

stuffs movement, and a smaller provisions movemenL Asto all these items it is to be said that the exports were very

heavy in the earlier months of the current calendar year,

which may explain the smaller totals now, though as to

provisions the higher prices current this year also were

a powerful factor in bringing about a decline in ship-

ments. Following is our usual statement.

138 THE CHRONICLE. [Vol. XXXIlf

EXTORTB A.VP IMPORTS OK MERCnAKDISB AT U. 8. rORTg.'

~1881^'"""

Exports (DomtMieand Foreign.)

New YorkNew Orleans...BaltimoreBostonPiaiadelpliia...Ban f'raiicisco .

All otUer poite.

Total.

Imports.KewYorKNew Orleans...BaltimoreBoetouriiilailelpliia ...

San Francisco

.

All other j>ort«.

June. Since Jan.l.

30,653,8666,114,0365,279,5215,892,4944,217,0492,570,7398,664,701

63,392,406

37.353,110916,833

1,409,8696,294,7733.701,4764.375,0344,799,380

Tot.ll 58,8.50,475 327.286.261

186,375,28156,282,72330,566,30136,699,51619,367,54318,611,70777,396,692

425,299,763

219,531,2656,626,4968,351,212

33,497,99016,923,08717,991,57022,364,641

1880

June. fiince Jan.l.

41,894,1424,840,5835,616,1875,753,3385,038,7231,294,6767,694,633

72,132,304

40,562,825895,388

1,776,2145,649,1733,928,6674,060,1453,642,151

19.5,237,95155.290,70632,504,67731,103,96221,785,43112,741,11263,979,873

412,663,712

264,192,5936,073,818

10,798,98842,186,94223,275.12817,343,23217,629,517

60,514,563 381..500,218

The value of the breadstuffs exports and of the pro-

visions exports at each of the above-mentioned ports, is

shown in the annexed table.

EXPORTS OF BREADSTtJFFS AND PROVISIONS FROM LEADING POETS.

Breadstuffs.

New YorkNew Orleans...BaltimoreBostonPhUadeliihla ..

Ban Francisco.Other ports

Total.

Provisions, <tc.

New YorkNew OrleansBaltimoreBostonPhiladelphiaSan Francisco—Other ports

Total.

1881.

June. Since Jan.l.

9,052.7751,554,4.373,328,8041,532,3431,838.0811,343,0251,956.450

20,605,915

6,802,05917.656

360,6071,515.429603,28626,079

266,589

9,591,705

49,293,1757,460,312

19,000,3478,235,1049,068,265

11,849.0717,074,880

111,981,154

47,412,763137,013

4,019,23713,567,6063,637.625185,271

2,197,415

71,156,930

1880.

16,273,722,

3,999,1,432,3,260,481,

2,083.

,075,196,491,010,969,973.476

23,253,190

10,000,39818,290

308,2591,868,886749,11523,612

341.787

13,310,347

Since Jan.l.

60,396,8565,424,182

21,577,6046,900,629

12,299,8618,188,3527,568,701

122,356,685

48,828,47997,409

3,171,24211.300,3903,874,382182,142

1,971,783

69,425,829

As in previous months, the exports of corn were much

smaller and of flour much larger, while wheat, for the

first time this year, shows contracted figures. This will

be seen below.

EXPORTS OF BREADSTUFFS DCRING JUNE, AND SINCE JAN. 1.

Quantity. Value.June. 1881. 1880. 1881. 1880.

BarleyComCom-meal ...

OatsEyeWheatWheat-floor

.

.l)U8h.

. hush.

..bbls.

.bush,

.bush,

.bush,

.bbls.

16,4678,943,991

51,93527,19553,957

10,090,608594,533

70,71239,.514,638

227,434125,069632,243

58,244,9863,872,290

8,03615,071,019

41,495140,009154,518

13,750,796464,747

433,39961,819,817

178,797320,294

1,056,12152,426,5302,759,973

$9,2.oO

5,079,021152,94014,22960,163

11,866,3653,423,944

$3,737

7,776,313115,55158,982

129,2fi917,519,5872,649,751

Total 20,605,915

37,62422.693,865

659,09363,879

681,25865,911,96821,933,465

28.253,190

Sitice Jan . 1.

Barley,

CornCorn-meal . ..

Oats i

\/hei.i'.. '....'.

Wheat-flour

.

.bush.. .bbls..bush,.bush,.bush,.bbls..

300,57234,047,778

521,941145,388961.430

69,847,94416,531,632

rectal 111,981,1.54 122,356,685

In provisions higher prices and the trichinosis scare in

Europe have had their effect, and every item shows a

decrease in June this year, both in quanti,ty and value, as

will appear from the subjoined Exhibit.EXPORTS OF PROVtSIONS, AC, IN JUNK, AND SINCE JAN. 1.

June.

Beef, fresh andsalted

Bacon and hamslArdPorkTallowBnttcrCheese

Total.

SifueJan. 1.Beet, fresh and

saltedBacon and hamsLardPorkTallowButter. ;Cheese

To'nt.

Pound*.

1881.

8,612,23433,488,45619,527.4TS5,472.-.7,40 '.ii7

2,555,3.^,.22,080,871

74,993.6293»i2,429,747180,360,98854,267,79544,703,98210,007,88754,084,642

1880.

13,137,81865,145,50037,209,7657,921,78814,499,0705,682,931

22,120,249

75,182,137437,479,145217,161,88746,028,90563,533,86715,796.12344,625,981

Value.

1881.

779,3863,035,4912,137,011445,907499,498439,431

2,254,981

9,591,705

6,585,89530,912,19418,449,4754,284,0073,023,6271,932,4906,969,242

71.1.".6.93.)

1880.

1,044,7874,471,8212,788,390499,329972,731997,484

2,535,805

13,310,347

5,934,03430.749,71916,860,0672,993,0774,476,2573,051,2625,361,413

FINANCIAL REVIEW OF JULY, 1881.

The month of July is the turning point of the year, and

is usually attended by some uncertainty of feeling in

regard to commercial and financial prospects. The grain

harvest m the Northern and Western States is just then

beginning, and the markets are full of rumors favorable

and unfavorable; Chicago in July is a place where veracity

is exceptional. This year it has been even more difficult

than usual to get at the real condition of the wheat crop,

or to estimate its probable out-turn, and as the prosperity

of the West, the railroad earnings, the foreign exchanges

and importation of gold, and, indeed, the general de-

mand for goods throughout the country, depend to some

extent on the grain crop, it is easy to see how closely the

markets hang on the result of the harvest.

The following summary shows the condition of the

New York Clearing House banks, rate of foreign ex-

change, and prices of leading securities and articles of

merchandise, on or about the 1st of August in 1879,

1880 and 1881:

STATISTICAL SUMMARY ON OR ABOUT AUG. 1. 1879, 1880 AND 1881.

69.425.020

ifeio Xorl!, Oily Banks—Loans and discountsSpecieCirculationNet depositsLegal tenders

Legal reserve $Reserve held

'"

Sui*plusMoney, Exchange, Silver—CaU loansPrime paper, sixty daysSilver in London, per ozPrime sterling bills, 60 days

United Stales Bonds—6s,18Sl,cou.(continuedat3'3>68, currency, 18985s, 1881, coupon412S, 1891, coupon4s of 1907, coupon

Railroad Stocks—New York Central & Hud. RivErie (N. Y. L. E. & W.)Lake Shore & Mich. Southern

.

Michigan Centi-alChicago Rock Island & PacificIllinois CentralChicago & Northwe.stera, com.Chicago Milw. & St. Paul, com.Delaware Lack. & Western . .

.

Central of New JerseyMerchandise—Cotton, Middl'g Uplands.^ ft.

Wool, American XX $ ft.

Iron, Amer. pig. No. 1 . . ^ ton.Wheat, No. 2 red wiu.!^ bush.Corn, Western mixed.. ^ bush.Pork, mess ^ bbl.

1881.

349.188,40081.043.40019,212,900

351.777,90016,931,800

87.944,17597,97,T,200

10,030,725

2»43®45133d.4 83

10238133

1145311638

lllTg441-2

126100%138137=^126%11438123 1396

12%34*43

23 50-25 001 25® 1 26I4

47® 5 818 00-al8 50

1880.

297,779.30068.037.70019,477.600

291,306.50020.631,30072,826,62588:669.000

15,042,375

S®43l3®4l25213nd.4 83

10433125IO2I3111381091a

13344 14

10.5398

II5I3111993389388718

n9,„42®48

27 00®28 001 08%®! 09

43®48i413 00U-14 60

1879.

267.280,10019,632,40020,594,800

254,770,70057,655,10063,692,67577,307.500

13,614,825

lis®33®4i351i8d.

4 8212-4 8312

101%1231410278IO6I4IO214

119281a805883%

1391a89%743464^862 1454

III332®4020 00

1 IOI4-I lOia43 a 45

8 75®8 80

The money market was easy throughout, and the large

disbursements from the Treasury and by corporations had

the usual effect of supplying a great abundance of funds

loanable on call.

The demand for investment securities was good and

prices of bonds were well maintained; but in speculative

stocks there was much fluctuation. There had been a

growing interest on the bear side, and when the news

came from Washington on July 2 that President Garfield

had been shot, there was naturally much confusion, and

prices fell ofi sharply. There was more steadiness the

next week, but on the President's relapse, July 23, another

attack was made on the market and prices were depressed

for a few days to the lowest point reached in the month,

and many of them to the lowest point of the year. Aquick re-action followed, and at the end of the month prices

were strong, at a considerable advance from the lowest

point. Eailroad earnings were large, and this assisted the

sharp recovery in prices.

Foreign exchange had a downward tendency, and the

rates were approaching a point where imports of gold

would again take place. The imports of merchandise

were not excessive, and the question of gold imports ia

August and months following seemed to depend mainly oa

the exports of wlieat and. other products.

AU0U6T 0. 1881.) THE ( HRONICI.E. 139

The total transactions at the Stock Exchange, compared

with previous months, wore as follows :

Apr. Ifny. JHtte. July.

1 ; iirtboiida *l,092,0OO20.114,32034,237,860

$4,101,2003,«l8,.'-.00

S»,4;)(!,B00

$2,302,200:i.«7."i.00()

39,971,100

$2,441,0002.3*1,000

l: "U 10,0(14.300

1 .8b»ro8 9718,186,65.%

7W12.378.730

5038,032,511

2708.nn..'-,22

The siatomonts of the New York City Clear ing House

banks in each week of July wore as follows :

RAtl.ROATM. Jfnu31.IllliiofMCchtnu .. . . 142>flIiiillnim II]. Si W. new a4>fl.Tiillvt <^ C'liioain)Kuuk. d( XHm Mohins. 26

Do pref.Ijike Ki-lo it West. ... 61 >Bl^ktt HlHM'O 131I.<M11{ IxliiudUiulalntia <Jc Mo.KIt. 30

I>o prefLoulsvlUo&Niutliv.. 100%

June.- ./uly. .

/XMC. High. June 30. Low. Jllnh. Julu -M).i:iTt 14.'5'4 -139 134i« 14a 138

66 55>4 43 He's 51

80'4 '.'.'.'.'.'. '.'.'.'.'.'. '.'.'.'..'.

65 60 62% '.

65% em T,2H 62>fl 67%134>«Zl2e>« 120>4 127>4 125%

00 •

130>92.'>

f>ti

57"%X125T,442242

100Ixmlsv. N. A. & Chio 100Mmilintfaii 27ia

NEW rORK CITr BANK UOVKMBNTS Ut JULY.

Ni.w Yiirk Clljr

Bwik St«ti-iuonl.<. JiilV «. July 9. Julv 18. July 33. July 30.

liOnniiHnd Ulsu'ts.

8wfleClrfututioiiN.-l .l.'L.iMl^

I . -, ...

1 ,,..

K 1

iwn.-iBi.tOfl7iUI.Mll)01U.I78.WK)

l««,lli«,4lKl

17,ll'i,iS<P0

|i,sil,(ll'l.(!00

1«.5'.J7,000

iavj.H5<).soo77.7^s,r>0(i

iii.uii.aixi

n4»,S13.0i«.lO.aH-l.MIMI

(l-i7.4(«1.7:..'

J3 IS, 741,100si.'.mM'WiM. lSl,.{OI

:i.M,iii().5(Kj

17,!).->S,7(X'

»--7,7!llt.H7r>

i''.',IMI.'),«00

SIO.SIO.IVX)MI.41tl.HHli».iHj.;{o<.

s,"ia,ii,'jH.HO()

i»,7'ia,oixj

»»H.IiSI,700»8.24:i,400

»:i4;i.im.4()0Nl.(ii:),4i)()

Ul,-,'UM«)0,%')1.777,tHK)1«,U31.I*K)

»S7,(U4.17.'5«7.U75,200

Klll'l.illN (O.ttll.8U0

a<a42J«iS4

10.078,700

8«4K

110.030,725

H»lii;''<>r<»lllO'liai'rUuepaptir

cvofosa PRICES or oovbrnme.nt sKcniuTiKS ra julv, 1881.

July

6:eon-liH'tt.

at3^

5«,1881.reg.

4>«,18U1.coup.

190*7,coup.

6t,Our.,1898,reg.

July.

6t,co>i~

IMd.no's

5<.1881.reg.

4ii»,

1891,coup.

4«,1907,coup.

. 6»Cur.,1898.reg.

1 102%102i>8

"a."Iloli

X1714116%

19..20..21..22

102%102^

102101'%lOlTgX01''8

114=8 U61211G131163811638116>4

2..34..6.. 102% 102 "4

1023823. 102%24..'6.. 116%

llO^B116%

8.

114%

ii'iss8.

Ill's114781143811458

7 103102%

25 101 'b

ioisg101%101 'e102

116i«115%115%110llOU11638

8..9..

10214 114''8 26.. 102ij27

10.. 8.

114%28

11..12.

102îoiiglOl'g102102102

116%116%11038116B8

29..30..31..

i'02%1.1 102 >s

14..OpenHiKli

102''8

103102 >4

.. ..

102%102%101 »8

102

XI714II7I4115%11C38

\f>

16..17

10218"s.

' 11608

18 CI0.S. 10238

0LOSIK3 PRICES OP CONSOLS AND O.8. SECURITIES AT LONDON IN JULY.

July.

3.4.5.6.7.,8.».

10..11..12..13..14..15..16.,17..18..19..

5«exi. at

3h-

101 'islOlîe

1013,61013,«101316lOUi,lOHio

4^1891.

118117%

104 'b

117%118

lOUig1011,

„

101 1,«1011,8101«,.1015

4*0/1907.

120120'4!

119%120120120120

104% 117%101%|I17%101%!ll7%Hoi! (day..S. .. ..

10476 117%1047e'ir,%1047,,'ll7'o 119% ODeuiue104'8'l 17% 1 1978 UV,.,"'"?

•

July.

202122232425'26i27128129

120 i|30n9%n3i

j'HliKllOSt.

iiL*)wt'..st ..

i Clojsin.M

10)5,8101 >4

104>s,ll7% 120H)4"a.ll7% 119%

101% 11,% 11934 ;ji: If10-1 •« 117% ii9%!,£;s'^r::

5 © s;

1^1

1011,01011,61011,6lOUia

iooisj^1011,6lOOiSjp1011,61011,610118

jxt.at

31a,

10 lis104%

4l2«

18'J1,

1015,61016,610015,610118

117 >4

1171310412,11712IO4I2 U7I3

s.

10412111712101 12^11714lono'1171410412:11712101'2'll7l2lOl's II7I2 120s.

I

1017aii8 !i2010478ll« 1120104i2ill7i4'119%10178JU7l2:120

4s of1907.

119%119%1 19%119%

ilfl-%119%119%119%120

102I3,6'10178 120 121985,6 11041a! II414I1I57B

' First (lUoU'd Jiily 5.

ThB following table will show the lowest, highest and clos-ing prices of railway and miscellaaeoas stocks at the New YorkStock Exchange daring the months of June and July:

RANGE OP STOCKS IN .JCNE AND JOLY.. June , . July. .

.Vrtv31. Xoic JJisjli. June 30. Low. Bigh. July30.

41

77.%3^1

if»i%

RAii.no,\risAlbuiiy & Kmwi'liannaBog.&N. Y..\li-L. pfBnfT ritiNS. * Wi-^t.Burl, Ceil. Hap. & Ho,CHnmlii Hdiiihcni' rillH&Miiiu.

iowa"f N. Jorscy.

»^.cmr;il I'acitlo 95i8Cbes. AOlUo ;10>8

Do Istprct 45%. ^ Do 2<1 prcf. 33 19

CUoago & Alton 143ia^ Do Drcf. *145Ohlc.Biirl.&Quiiicv.ChJo. Mil. &8t. I'aiil.

Do in-ot.ClUc. & Xorthwcst. .

.

Do pref.Cblc.dcRocklHlaiul..Chlc.8t.L.<kN.0rriiaCUo. St.r. Mluu.fSeU,

Do pref,CIn. Sun. it ClevClev. Oil. Ciu. Jc liiU.Clov. A I'illsl)., CTiur.Col. CUic. A lud.Cciit.Danbury & Xorwiilk.Del. Xjick. A WfMfni.Denver A K, liiimdoDuliiKiuc A ,Sioii.x a.Hanuilial A St. Jo.

Do prof, x.i,Harlem ("iOHonat. A Tex. Ctut.! "93

1274843%8004I23339%997894 lu

2914441a32

1391.50

.xl73 16213125% lyo135 132130 xl24%141 19 1371a

130094S78s;i

Tliifl

40 ijj

311%10139W.L'h

:; 1 %177834%

1471.^0

171li!i'413.-.%

'Il2«Gijia

! 40 14

8007%

101»8

ro45*31%I39I3•15016312618135

13238x12718

1441a

'44'ii

1051s

"6s""26"

73%120%

:io7i480%83 Ob

115

142791a42 1410502931382370

12114107 1«(=5

8211225089

114li'iia8.T

4(;'58

lO-i'4(i.S>4

10;jH110311^72%12«34Xl22%li:i'l 110%

MO142*791a43100%6594

tl3024>«

93lllilfl

250100

92

07438062 '825

"89%89%243527135

154"1071a12812113013375389844 138913920

lis"94%

"t-97a

7m40 14

b30934

i02%100 ifl

301a45^832

SO07

95%x942r*ia

42%29

I42I9 '138Ifl

• Price* bid. I Prices asked.

Il6%xl07i4

"aoii if

; Ex prlTOego.

16518128%1381413178145141831a44 1410765I3

961a1401a25%

125"llOia

'91%118

IOII3114%'1301261al.'J9%139•78421045994

"23 is

12313102%' 02"

'

XII2I4

1021a

Mniilmttnn Reach Co. 66Mar'tta&Cln. Istpf. 19

Do 2dpfMcmpliiB A Cha'atou. 82 19Mctro\H)litnu Elev... 91MIclilKiiii Cciitral 11278MM, L. Sh. A W. prof. 63Milwaukee A North.Mo. Kaiis. A Texas . . 50MiMfiourl Paclflc lOSiflMobile A Ohio 34%Moriis A Essex 129 >4Niwliv, Chatt. A St. T.I. 90iaN. Y. Cent. A Hud. K, 149% xl45Now York Ulevati^d . 110 105%N. Y. Lake Eiic A W. 49 44%

Do pref. 88% 86N. Y. A New EuKl'd 8419N. Y. N. II. A Hartfrd *185 185N. Y, Ontario AW... 30% 35ia

Do prcf 90

2444%16108087I4

103 19

581s58 Is

491061432%

124>a84

633248

iog>s117>a30%57>a21IS9398

106%10525ig

481a

87S8ia

11418X104 Is

581s53%

1141339%

13193

50%Ill's38%

126i«

151%xl46i81131s 1091s50>4 401s9H4 871s8418

19038''8 37if90

Z98>s8815%32128^

688000 >s49

"4614lom3112275

Ulifl104 >4

4114801aSI"*

18128%

03

ioH% zioaT«103%

Norfolk A Western .. .'.'.'.'..' .'.'.'... 2313Do pref. 65 60

Northern Paclflc 43% 4214Do pref. 83% 8214

Ohio Central 34 34Ohio A Mississippi .. . 44% 40

Do pref. 119 116Ohio Southern 3213Paiiiuna 270Peo. Deeat. A E'ville. 44'% 45Philii, A RejuliuK 69 56%PittHb.Ft,W.AC.puar 135Rensscl'rA Saratoga 146RIeh.AAl. st'k, tr. ct 68Rochester A Pittsb.. }36% 36%Rome Wat.A 0«deu8 39iaSt L. Alton A T. H

Do pref XSt.I...I.Mt. ASoutli...St. L. A S. Francisco.

Do pref.Do 1st pref.

St. PaiU A Duluth . .

.

Do pref.St. Paul Minn. & Man

09

79%4374110

*95

0195 1379134874 Is

11035851a99

66%4088%37%4611937132805714621411468050501a7098%861s558II4

II51239%89

loo's

6II344%85%351342 1911633280:50601s139

'741345

"64

968252I378 14115

"88"IOO'b

53 >a3573 132413301082925638501a137

Z0%4810121s87199413

100 !«

02

'5i%112%39%

1271390140%lllia4714-88%8II4

1853714

'2513

621a4519861a3.5%421a11634%

261511s61140 13

18^36159«4.

82%85

10154 >«

"4*4 >•109 1«38i«I25I481144%107441ft86%

18432%

6240%82i»2939%

41''8.

5237IB384586S345%711s

xl053586100

66Scioto Valley 4313""""-'-""-

"" "- 73% 67'iii 52I347 451436I3 3313 27130% 1129% ;122i360 59% 48%95^8 94^8 8614

1251453 1393 13

.55I3

ToxasAPacinc..Texas A St. Louis ...

Tol, Delpbos A Bur..Union PaclflcWab. St. I.. APaciflo.

Do pref.Tkleoraph.

American District . .

.

Atlantic A PacificWestei-n Union 127%

Do ex-cOrtifs 88Express.

Ad.ama ., 137Amei'ican 87United States 73Wells, Fargo A Cb 126iaCoal a.nd Mining.

American Coal .'.

Cameron Coal ... .

Caribou Cousol, Mln.

.

Cent. Arizona Mln ...

Colorado Coal A IronConsolidation Coal, .

.

Ciunbi'l'd CoalAIronDeadwood Mining...Excelsior MiningHoMiPfitakc Mining ..

Little Pittsb'g Mln..Mariposa L'd A Min.

Do prefMaryland Coal 3278New Central CoalOntiirio Silver Min'g.Pennsylvania Co.il...Cimcksilver Mining ..

Do pref.Silver Clifl Mining ..

Sjiring .Vount'n (Joal.

Standard Cons. Min'gStorniont Mining

Various.CantonDel. A Hud. Canal... xllli«JerouicPark Imp.CoN. Y. A Texas Umd. '45Oreg'n R'y A Nav.Co. 166Paclflc Mail 53I'ullraan Palace Car. 134%Butix) Tumiel. 214

65 134532124%521492 14

465514126%86%

74464OI965%958352%7878115358910744%68I445%34131%597895%

594II4

"5'iia

5175%.

87103

58%

! 1271453%

x90%.

43 14•3

4%00

•7%4%•243%

-38

'18"

"e%"2314

1358370125

604234

6OI439107120%2%432530%3725017016

4622%2%

71108

'42%16550%134%1%

55%55%137'b94

14087%75

142

6345%S'b4%6742%208%4%2545%

46% 46% 49

x88% 84% 93% 89%.

•137 134% 137 *13383 80 85% 82%70 65 7II4 -69

136 123 126 *125

-314•4%62%

•8•1%•19%•2%•1%

333

•263338% •36%25120% 19%7178 71752%84''s 233

73ÎIZ'^ 109 14

4717855%146%2%

37 1431%

4538

"7%115%2%2426263523418%095%

4522 14

2%

10)j%9040

173 1I6O52 47143% 1421% 1%

443I4

6%64%42 >4

43%t42^4

56

t2081%19% 162'« 2 '92430 12029%30 -3«25421<4 1975% 71%5%47% •

28% •22%.2'8

..

110% 1109047 4717354

144l=lt

53142

1%,

•Prices bid. t Prices asked. t Bi privilege.

BANKERS' STERLINQ EXCUAKOE {POSTED R.ITES) FOR JULY, 1881.

July.00

(lays.

1.... 4-84%2.... 4-84%

. 3.... S., 4.... ....Holl5.... 4-81%6.... 4-84%7.... 4-84%8.... 4-84%9.... 4-84%

10.... 8.11.... 4-81%la.... 4v<4%

De-mand

4-80%4-86%

day4-86%4-36%4-86%4-86%4-86%

i'se'ii'4 •80%

July.

13..14..15..10..17..IS..19..20..21..22..23..

60dayt.

4-84%4-84%4-34%4-84%

8.4-84%4-84%4-844-83%4-83%483%

De-VMind.

4-86%I

4-86% I

4-86%1

4-86%I

4-861^'4-86%4-864-85%4-85%4-85%

July.

25....'20....

'2H ! ! !

.

29....30....31....

RangeHighLow.

00days.

4-83%483%4-83%4-83%4-83%4-83%

8.

4-84%4-83%

De-mand.

4-85%4-85%4-85%4-85>«4-85%4-«5%

4 8C%4-83%

140 THE OHRONICLE. [Voh. XXXIII.

THE DEBT STATEMENT FOR JULY, 1881.

The foUowing is the official statement of the public debt as it

appears from the books and Treasurer's returns at the close of

basiness on the last day of July, 1881:

rKTEREST-BEARINQ DEBT.

Characterofltsue.

Author-izing Act.

68,Or.War.. Mar. 2,'61

66 0f 1881*. July 17,'61

68 of 1881*. Mar. 3,'63

58 of 1881.. July 14, '0

4'«eof 1891 July 14.'70

4« of 1907.. Julyl4,'/0

48, ref ctfs.

38,navyp.fdFeb. 26,'79

July 23,'68

TtTwsnPayable.

July 1, '81

Juue30, '81

June 30, '81

May 1,'81

Sept. 1,'91

July 1,1907

Aggregate of Interest-hearing debt.

" Continued at 'i^ per cent.

Amount Outstanding.

Registered.

127,597,20050,457,950

321,063,300178,563,130511,085,300

Coupon.

118,639,76071,436,850

197,608,650

$1,218,771,900 $387,635,250$653,850

14,000,000

$1.621,111,000

On the above issues of bonds tliere is a total of $2,844 439 interest

over-due and not yet called for. Tbe total current accrued interest to

date is $10,390,170.

DEBT ON WHICH INTEREST HAS CEASED SINCE MATURITY.TUero is a total of over-due debt yet outetanding, which has never

beeu presented for payment, of $9,959,015 principal and $7,3,660

Interest Of this interest, $150,187 is on the princip.al of called bonds,

wSprincipal is as follows: 5-20S of 1862, |372.100: do 1864,

SLiBRIO- do 1803. $77,250; consols of I860, $467,600; do 1867,

1^316 550 do 1808. $102,900; lO^Os of 1864, $581,550; funded loan

Of 1381, $388,900; 3'8 oorf«.. $5,000.

DEBT BEARING NO INTEREST.

Character of Issue.

Old demand notes—Legal-tender notes

—

Certificates of depositGold certificates

Silver certillcat«8 . .

.

Fractional currencyj

Authorizing Act.

July 17, '61; Feb. 12, '62Feb. 25, '62 ; July 11, 62 ; Mar. 3,'63

Junes, '72.March 3, '63February 28, '78July 17, '62; Mar. 3, } ci 5 474 579'63; June 30, '64 5

*!»>* '*•»'«

Lena amt. est'd lost or destr'yed, act J'e 21,'79 8,375,931

Aggregate of debt bearing no Interest $422,313,940Unclaimea Pacific Railroad interest r. t^k

Atnount.

$60,485346,681,01610,710,0003,749,820

51,983,980

7,098,645

6.746

RECAPITULATION.

Jntertst-I>earing debt -Bonds at 6 per centBonds at 5 per centBonds at 41a per cent. .

,

Bonds .at 1 per centRefunding certificates.

Kavy pension fund

Total interest-hearing debtDd)ton which int.has cea^d since mat'rityDebt bearing no interest—Old demand and Icg.al-tender notes.Certificates of depositGold and eilver certificatesFractional currency

Total debt bearing no interestUnclaimed Pacific Railroad interest

.

Total $2,053,383,961Total debt, principal and interest, to dateTotal cash in Treasury

AniountOutstanding.

$178,055,150439.708,050250,000.000738,693,950

653,85014,000,000

,621,111,0009,959,015

346,741,50110,740,00057,733,8007,098,61.5

$422,313,916

Debt, le«8 cash in Treasury, Aug. 1, 1881Debt, less cash in Treasury, July 1, 1881

Decrease of debt during the past month ,

Deci-caseof debt since June 30, 1881CORRENT Liabilities—

Interest due and unpaidDebt on which interest has ceased ,

Interest thereonGold and silver certificates

,

U. 8. notes held for redemption of certificates of depositCash balance available Aug. 1, 1881

TotalAvailable Assets—

Cash In the Treasury

Interest.

$13,234,609773,600

6,746

$14,015,017$2,067,398,979

236,878,190

$1,830,520,7881,810,598,811

$10,078,02310,078,023

$2,844,4399,959,015773,660

57,733,80010,740,000

154,827,274

$230,878,190

$236,878,193

BONDS ISSUED TO THE PACIFIC RAILWAY C0MPANLE8.ikterebt payable by the united states.

Oharaeter ofJttue.

Amountoutstanding.

Interest paidby U. S.

InUrestrepaid by

transportat'n

Balance ofinterest paid

by U. S.

Central Pacific..Kansas Pacific ..

Union PacificCentral Br., U. P.Western Pacific..BioaxClty&Pac.

$25,885,1206,303,000

27,236,5121,600,0001,970,5601,628,320

$20,346,3405,372,973

21,689,4681,357,8081,431,7811,268,899

$3,497,0222,565,4438,136,317

93,5159,367

124,979

$16,201,0462,807,529

13,553,1511,257,3651,422,4141,143,919

Total $64,623,512 $51,467,272 $14,426,644 $36,385,428

iZ^* Pacific Railroad bonds are all issued under the acts of July 1,

IS a,' SSS 'L'l'y.A1864; tliey are registered bonds in the denomination

s

of $1,000, $5,000 and $10,000 ; bear 6 per cent Interest In currency,payable January 1 and July 1, auU mature 30 years from their date.

IMPORTS AND EXPORTS FOB JUNE, AND FORTWELVE MONTHS ENDED JUNE 30, 1881.

(Prepared by the Bureau of StaUsuca.]Below is given the twelfth monthly statement for the flscal

'^^ ''~®' °^ the imports and eiporte of the United States.ine excess of exports of merchandise, stated in specie values,WW aa follows:

Month ended June 30, 1881 $1,541,931Month ended June 30, 1880 1 1.017,741Twelve mouths ended Juno 30, 1881 259,726.254Twelve months ended Juue 30, 1380 167,683,012

The excess of exports and of imports of gold and silver coin

and bullion was as follows:Month ended June 30, 1881 (excess of exports) $1,022,152Month endotl June 30, 1880 (excess of imports) 177,860Twelve months ended June 30, 1881 (excess of imports) 91,168,630Twelve months ended June 30, 1830 (excess of imports) 75.89 1 ,301

The total values of imports and of domestic and foreignexports for the month of June, 1881, and for the twelve monthsended June, 1881 and 1880, respectively, are presented in thefollowing tables, all in specie values:

[Corrected to July 23, 1881.

J

MERCHANDISE.

1881.—Exports—DomesticForeign

TotalImports

Excess of exports over impoits.Excess of imports over exports.

1880.-

$61,919,1251,473,281

-Exports—DomesticForeign

TotalImports

Excess of exports over imports

.

Excess of Imports over expoita.

For themonth ofJuue.

For the 12mos. endedJune 30.

$883,868,10518,151,368

$63,39-^,406 $902,319,47358,850,475 612,593,219$4,54 1 ,93 1 $259,726,264

$70,908,429) ,223.875

$72,132,30460.314,563

$11,617,741

$823,946,35311,692,305

$835,638,658667,954,746

$167,633,912

fiOLD AND SILVER—COIN ANB BULLION.

1831. -Exports—Dom.—Gold

—

Silver. .

.

Foreign— (Jold.Silver...

Total

Imports—Gold ..

Silver.

Total

Excess of imports over exports.Excess of exports over imports.

1880.—Exports—Dom.—Gold. .

.

Silver...Foreign— Gold.

,

Silver...

Total

.

Imports—Gold .

.

Silver.

Total

Excess of exports over importa.Excess of Imports over expoits.

$610,9221,210,158

12,166151,449

$1,984,695$322,1.''5610,388

$962,543

'

l',oi2,i52

$81,967407,307459,391306,327

$1,251,995$648,272784,583

$1,432,855

$177,860

$1,832,84712,391,097

738,8254,441,078

$19,406,847$100,024,409

10,531,088

$110,575,497$91,168,650

$1,775,0397,572,8541,863,9865.931,040

$17,142,919

$80,758,39612,273,914

$93,034,310

73,891,391

total MERCIIANDIgE. COIN AND BULLION.

1881.- Exportft—DomesticForeign

TotalImports

Excess of exports over imports.Excess of Impoite over exports.

1880.—Exports—DomesticForeign

TotalImporta

Excess of exports over imports.Excess of imports over exports.

$63,740,2051,636,896

$65,377,10159,813,Ols

$898,095,04923,631.271

$1121,726,320753.168.716

$5,561,083

$71,397,703l,989,59t

$73,3^7,29!)61,917,411^

$11,439,831

$163,557,604

$833,294,24619,487,331

$352,781,577760,939,056Jl,792,521

The following is a statement showing, by principal customsdistricts, the value.s of merchandise imported into and exportedfrom the United States daring the month of June, 1881:

Customs Districts. Imports.DomesticExports.

ForeignExports.

Baltimore, Md $1,409,86961,071

6,291,773111,792

355,854346,49347,621

117,810133,393443,29859,714

163,27413,43184,96181,13493,460

916,83337,353,110

255,724474

188,898438,22882,412

2,38942,260

3,701,470398,183

2,3307,835

13,8214,375,034

76,853606,52930,00015,671

524,467

$5,277,36139,130

5,832,658136,321183,39524,751

213,618413,01373,371

176,3861,259,267

28,325730,43164,626

274,18162,3999,080

6,073,26029,506,574

7,300631,80757,664

190,09935,80042,361

159,2083,777

4,216,68799,45420,000

202,82556,42865,530

2,495,010383,143142,939394,500258,855

2,055,231

$2,160Beaufort. 8. CBoston, &c., Mass. ..

.

59',836

Brazos, &c., Texas 03,817Brunswick, GaBufialo Oeek, N. yChaniplain, N. YCharleston, 8. CCorpus CUristi, 'Texas 6,238Detroit. Mich 3,558Galveston, Texas 14,334

Huron, Mich .... 10,057Key West, Florida

Mobile, Alabama

Nf\w Orle^nH T.fl. 40,776New York, N.YNiagara,N.Y

1,117,292939

jjforfolk, &c., VaOswcgat«Uie, N. Y

ii',862

Pearl River, Miss

Perth Amboy, N. J362

Portland, &o.. Me 19,392PuKCt Sound, W. T

1,401San Diego, Cal

,75,699Savannah. Ga

Willamette, OregonWilmington, N.All other customs districts 23,368

Total $58.8.^0.475 $61.9 1 9.1 S.") $1,473,281

Adocst 6, 1881.1 THE CHRONICLE. 141

UNITED STATES TREASURY STATEMENT.

Th« follovrinjf statomant, from the ofBBe of the TrHMurer, for

July, was ixsurtd this week. It is based upon the actual

returns from Assistant Treasurers, dep.)!iitaries and superinteud-

Mnt8 of mints and assav offices :

I.I.VIIII.ITIKS, AUGUST \, I88I.

Pout i>ITl< < 1 >i>iv>rtm('iit ftocmuit i??'i31'slinuiliiirsiiiw oilliorK' lirtliiiiMW .- -.v

^' •.;;; '''•^'•'.SjS

Vmv\ f"r ncliini'tioii "f nolcaof national banks "railed," "UillnnUliillcMi." anil "rmliirliin fllrciilatlim" 32,737.970

Ondlstrilnili'il aitsdts of failwl national l)ank» 430,227l-lvo IHT cent fiiml for nxloniption of natliiiial bunk nutos.. 15.12.'5,020

Fund for riMloniptloii of niitlonal bank Rold notes 402,072Ourrcntv an<l nllnor^•o(Il riidomptiou account 0.151JYactloiial silver-coin rodciuptiou account 00.20fl

Int<-r«'»t account v : : \^- 'A' ;/. I'i?S'5IntvrcKt nccount. I'aclflc Riillroads and L. & P. Cannl Co

—

.5,860

Trr>:i.-.inir (' S.. ascnt for paying Interest on D. C. bonds

—

001,860Tn- nisfcr checks and drafts outstanding 0,6',!7,80C

Trr H'i-;il acciuint

—

I. ;imluinMld $8,347,r.3«

Maliiicil l.unls and Intorest 5,308,733Called bonds and interest 4,026.8S7Dld.ulit 79P,0.'55

(ioldccilillcate« 5,749,820Silver .citilicatos 51.993.980(!crtitUatos of deposit 10,740,000Italance, Including bullion fund 1 50,024.451

Total Treasurer's general ocoount $237,578,4641«»8 unavallttblo funds 700,271- $236,878,100

$317,603,352A8SBT9, AUGUST I, 1381.

Qk>ld coin $62,685,433Ooldlmlllon 92,226,011Standard silver dollars 64,246.302Fractional silver coin 27,295.480Silver iHilhon 2,962,277O..! 'es 1.700Sil itos 11,181,088Ui.i: - notes 29,624,909National bunk notea 5,347,718National liank jrold notes.... 181,990tYaclional currency 20,463Popoulla held by national bank depositaries 13,292,918Nickel and minor coin 663,939New York and San Francisco exchange 1,774,300One and twoyc.ar notes. &o 21Kedeemed certiticatoa of deimsit, June 8. 1872 215,000Quarterly interest checks and coin coupons paid 674 311Keglstered and uncl.tinied interest paid 5,070,044United Stat4'rt bonds and interestInterest on District of Columbia bonds 7,242S|>eaker's certificates 122,179Pacific Railroad interest paid 6,750

3317.603,352

|?9^ouctarg s®0mmcxrciaX'^UQlish l|.cu)s

KATES OF EXCHANGE AT LONDON AND ON LONDONAT LATEST DATES.

aXOHASOE AT LONDON~July 23. HSCHAlfaE Olf LONDON.

On- rime. Rate.LatettDate. Time. Rale.

Amsterdaui

.

3mos. 12-4 SI 2-4 "9 July 23 Short. 12-10Anistcrt'ani

.

Short. 121»3 ai2-2>«Antwerp 3mo8. 25-50 32555 July 23 Short. 25-20>iHamburg ... 2067 »20-70 July 23 " 20 50Copenhagen. 18-42 318-18Berllu 20-67 320-70 July 23 Short. 2050Frankfort... 20-67 »20-70 July 23 •' 20-50St-Peters'bg. 21% a21'8

1

Paris Short. 25-22 >aa2.i-52is jJuly 23 Short. 25-21Paris 3mo8. 25-47'«a23-52>2 ....Vienna .... U-82>a311-87>3 July 23 Short. 117-40Madrid ..• 47>a»47:^Genoa .... 25-80 323-85 July 23 3 mos. 23-25Lisbon 52i4a52J8Alexandria.. .... ijuly 20 3mos. 97^8New York... iJuly 23 Short. 4 83Bombay .... 60 days Is. 75ad. iJuly 23 4 luos. Is. 7l'isd.Calcutta .... 60 days Is. 758d. July 23 *' Is. 7T8.t.

Hong Kong.. ljuly 23 o 38. 8%d."''*^^g^lll .... ;july 23

1

(* 58. lOgd.

I From our own correspondent.I

LosDos, Saturday, July 23, 1881.

,We have again had a week of exceptional heat, and business

j luu, in consequence, been greatly intermpted. On Tuesday

I

tke temperature in London was higher than the average

,temperature of Bombay, and as we make no preparations for sounturaal a circumstance, much inconvenience has been caused.Owing to the absence of any abundant fall o£ rain, the Water-

,works Companies are getting anxious, and in many parts of theMetropolis only a scanty supply of water is given. The twoprevious occasions when there was so protracted a droughtwere in 1870 and 1868, and those years were remarkable for thefine crops of wheat which were produced. The heat of theweather during the current month has brought the crops

\rapidly forward, and in early localities the harvesting of cerealshas already commenced. It is still believed that the crop of

.wheat will be of good quality, but variable in quantity. The

I bailey crop ia expected o /' "1 - , . . ory result, and the

potato crop will be fully an average. Hops promise well, andthere has been thus far a good yield of sound fruito ; but graiMand turnips have been poor crops, and hay is a very dear com-modity. Farmera are not entirely satisfied with their position

and prospects ; but, undoubtedly, the season is a Vast improve-ment over its predecessor, and some sound marketable producewill be available, which has not been the case for two years.

The annual show of the Royal Agricultural Socittty of Englandhas not equaled former shows in some respects, but more dairyproduce has been exhibited, which seems to indicate that fannersare turning more of their attention to the production of com-modities which have been neglected of late years, but whichforeign growers find it difficult to compete with. Fine oldcheeses and fresh butter still command a high price, the sup-ply being very limited. To produce them is a more laborious

occupation than the cultivation of wheat ; but farms will bemade to pay, and those commodities must be raised which are

the more likely to yield remunerative results.

The directors of the Bank of England have made no changein their rates of discount this week, and the minimum quota-tion remains, therefore, at 2}^ per cent. The money market is,

however, in a very easy condition, and the discount houses haveagain reduced their allowance of interest for deposits to 1 and1^ per cent at call and notice respectively. The rate of dis-

count in the open market is only l)i to 1% per cent, so that the

discount of choice bills is poor business when nearly the equiv-

alent is given for deposits. The discussion which has been

carried on respecting the amount of gold which Italy may drawfrom European countries, in connection with the loan recently

introduced, has led some to conclude that a reduction in the

Bank rate is doubtful ; and it seems very evident that only apossible demand for gold prevents a change being made. ABank rate of 2)^ per cent and an open market rate of IM to 1%per cent are an anomaly; but it must be borne in mind that

the directors of the Bank of England made a few years ago

some modifications and changes in their discount department,

and undertook—under certain conditions—to discount, if the

state of the market admitted of it, bills under their published

minimum. No doubt, they are pursuing that course now, andhence the present Bank rate of 2^ per cent must be regarded

as an almost nominal quotation. Money is now at a very low

point, and there seems to be no prospect of any improvement.

The following are the present quotations :

Per cent, i

Bank rate 2'aOpen-market rates— I

30 and 60 days' WUa Ikal^3 months' bills I'4al38|

The rates of intere.st allowed by the joint-stock banks and

discount houses for deposits are now as follows

Open market rates— Per cent.4 months' b.ink bills 1%31>«6 months' bank bills 1^31%4 & 6 moutha' trade bills. 2 93

Joint-stock banksDiscount houses at call

do with 7 or 14 days'

Per etnl.

1notico of withdrawal

Annexed is a statement showing the present position of the

Bank of England, the Bank rate of discount, the price of con-

sols, the average quotation for Eaglish wheat, the price of

middling upland cotton, of No. 40 mule twist, fair second

quality, and the Bankers' Clearing House return, compared

with tlie three previous years.

1881. 1880. 1379. 1978<Circnl.ation, excluding o j2

bank iHJst bills.....". 27,231,255 27,206,920Public deposits 4,657,336 4.999,164

£29,287,8554.027.132

£27.753,4403,.'<67,759

Other deposits 28,477,91126,777,800 33.453.175 21.339,125Governnrt securities. 15,885,333 15,545,921 16,749.642 10,274,693Otlier securitiesSes've of notes & com.Coin and bullion inboth departments..

Proportion of reserveto liabilities

Bank rateConsolsEng. wheat, av. price.Mid. Upland cotton...No. 40 Mule twist

20,292,005 17,314.98215,115,431 16,775,162

17,852,27221,132,965

17,132,4619,437,552

26,596,636 28,982,032 35.420,820 22.190,992

45-262's p. c.

101469. 2d.

6»8d.lOitd.

21*1 2 n. e.

98i4s. lOd.

G»8d.

83.S23.000

3'« p. O.95SUd.

44s. 5d.

90.466,000

§8>9438. Id.

llMd.Clear'K-house return. 147,421,000 103.516,000

The following are the rates of discount at the principal for-

eign centres

:

Sank Openrate, mirketPr. ct. Pr. el.

5>44>« 4

Sankrate.Pr.el.

3Hi33>«44

Openmarket.Pr.et.3%

3^843334,

St. Petersburg...OenevaMadrid, Cadiz &Barcelona ... 4

Lisbon J^ O iwrto. 4Copenhagen 3>a34Bombay 4

553>a

ParisAmsterdam .

BrusselsUcnoaBerlinHamburgFrankfortVienna 4

A small supply of gold has been withdrawn this week for

transmission to the Continent, but there has been no important

movement in the market. Silver has been in fair demand.

142 THE CHRONICLE. [Vol. XXXIli.

partly for India and partly for the Continent, the price of fine

bars being 51 %d. to 51?6d., and of Mexican dollars, oO%d. per

ounce. ,1, • i

Some failures have been announced this week, the pnncipal

one being that of Messrs. Dnarte, Potter & Son, of Liverpool,

engaged in tne Brazilian trade. The liabilities are estimated at

about £150,000, and the difficulties are attributed to the absence

of remittances in connection with transactions in India-rubber.

The Crown Agents for the Colonies invHe tenders for Ceylon

Government 4 per cent debentures to the amount of £575,000,

being the balance of £1,000,000 authorized to be raised for the

construction Of a railway from Nawalapitiya to Nanu-Oya.

The loan is secured on the general revenue and public assets of

tke Colony, and the principal will be repaid by annual instalments

by means of a cumulative sinking fund of one per cent per

annum. The minimum price at which tenders will be accepted

is £102 per £100 debenture.

Messrs. Maddison & Co. offer for subscription $2,500,000

aeven per cent first mortgage bonds of the Texas Trunk Railroad

Company. The price of issue is 103 per cent, at 4s. the

dollar, or £206 per bond of $1,000. The railway commences at

tll« city of Dallas, and runs through several counties to a poin*

on the Gulf of Mexico at or near Sabine Point, an estimated

distance of 300 miles. A portion of the line from Dallas to

Kaufman, a distance of 34 miles, is in operation. The security

for the bonds consists of a first lien on all the property of the

company, and also a mortgage upon 8,960 acres per mile of

railway constructed.

Tenders for £800,000 debentures of the Oude & Rohilcund

Railway Company were opened yesterday, and allotted in full

at an average price of £101 7s. 8d. The applications above par

amounted to more than double the sum to be allotted.

Messrs. Baring Brothers & Co. and Messrs. Rothschild & Sons

have issued this week the prospectus of a new Indian railway

loan. It has met with a large amount of success, the applica-

tions being estimated at £21,000,000. The company, which is

entitled the Bengal Central Railway Company (limited), has

been incorporated with the object of carrying into effect a con"

tract with the Secretary of State for India for the construction

of a single track railway from Calcutta to Bongong, Jessore

and Koolna, with a branch from Bongong to Ranaghat—a total

length of about 180 miles.

Several other companies have been introduced to public

notice, but they are principally of domestic interest.

Notwithstanding the fine weather, the trade for wheatremains somewhat firm, though very quiet. ' Millers operate

with great caution, and only to supply actual wants. Harvest

work is now fairly in progress on the Continent, and is com-mencing in this country. British farmers are delivering verysmall supplies, and the large quantitie* of foreign producewhich are required to meet our wants before the new crop is

available induce holders to demand full prices, which are

obtained. The deliveries of home-grown produce in the UnitedKingdom last week were only 57,000 quarters, showing adiminution, even compared with the small supplies sent to mar-ket at this period last year.

EnsIIsh market Reports—Per Cable.

The daily closing quotations for securities, &c., at London,and for breadrtuffs and provisions at Liverpool, are reportedby cable as follows for the week ending August 5:

National Banks Oeoanized.—The following-named national

bank was organized this week:

2 545.—Tlie First Natloiiiil Bank of Poultney, Vt. Autliorized capital,

SSO.OOO; paid-in capital, $50,000. Jolin B. Beaman, Presi-

dent; Martin D. Cole, Casliier.

Impokts and EXP0ET3 FOR THE Week.—The imports of last

week, compared with those of the preceding week, show

an increase in both dry goods and general merchandise.

The total imports were $8,289,041, against $7,397,300 the pre-

ceding week and $9,276,721 two weeks previous. The exports

for the week ended Aug. 2 amounted to $7,302,229, against

$7,463,140 last week and $7,369,831 two weeks previous. The

following are the imports at New York for the week ending

(for dry goods) July 28 and for the week ending (for general

merchandise) July 29; also totals since January 1:

FOREIGN IMPOKTS AT NEW YORK.

For Week.

Dry GoodsGen'lmer'diae..

TotalSince Jan. 1.

Dry GoodsGeu'l iner'dise.

Total.

1878.

$1,409,8184,557,218

$5,967,036

$14,552,462125,173,446

.*! 69,725,908

1879.

$2,537,7654,267,070

$6,804,835

$51,734,241132,023.436

$183,757,727

1880.

$3,400,4565,261,126

$8,661,582

$76,802,030224,653.761

t301.455.791

1881.

$2,639,2015,649,840

$3,289,041

$62,259,961184,524,753

$246,784,714

In our report of the dry goods trade will be found the importsof 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 Aug. 2, and from January 1 to date:

EXPORTS FROM KEW YORK FOR THB WEEK.

1878. 1879. 1880. 1881.

For the week...PreV. reported..

$6,241,967197,054,683

$7,765,809183,039,759

.$8,628,199230,742.402

$7,302,229221,356,845

Total s'ce Jan. 1 $203,296,650 $190,805,568 $239,370,601 $228,659,074

The following table shows the exports and imports of specie

at the port of New York for the week ending July 30 and since

January 1, 1881:

EXPORTS AND IMPORTS OP SPECIE AT NEW YORK.

Qold.

Great BritainFranceGermanyWest IndiesMexicoSouth AmericaAH other countries.

Total 1881.Total 1880.Total 1879.

Silver.Great Britain ,

FranceGermanyWest IndiesMexicoSouth AmericaAll other countries.

London.

Stiver, per oz d.ConsolM for moneyConsols for aooountFr'ch rentes (In Paris) fr.

tJ. S. Ssexfn'rt lnto3i3STJ. 8. 4i«9 of 1891TJ. B. 4s of 1907Erie, common stockIllinois CentralPennsylvania

,

Phila<Ielphia& Reading,Hew York Central

Sat.

5138lomI013,e85-40104781171aligsii

451aISSia6678

US's

Jfon.. Tuea.

5mlOUis10U,885-80105117>a119=%15k

1381s6730%

14914

Wed.

51 >4

lOOiSio1011,68600105II714119%45%13967 1432%

14913

Thurs.

5II4lOOiiielOOlSie

105117%12045i5e

138%67133413149 13

5IB18I007i6I009i885-8713105117%12044=81386733I414313

Liverpool.

Flour (ex. State.. 100 lb,Wheat, No. I, wh. "Bnring, No. 2... "•Winter, We«t.,n. "Cal. white "

Com, mlx.,W.new "Pork, West. mess. .^^ bbl.Bacon, long clear, cwt.Bee^ pr. mess, uew.ytcLard.prtmo West, fl cwt.Cbeefle, Am. choice, new

Sat.

It <t.

12 39 109 89 109 64III37344 69058 355 6

Mon. Tues.

t. d.12 39 109 89 109 G

Wed.

t. d.12 39 109 89 109 65

73441083854 6

Thur$.

a. d.12 39 109 89 109 65 1

73441065754 6

lYi.

Fri.

t. d.12 39 109 89 109 75 H3

731410637 654 6

Total 1881.Total 1880.Total 1879.

Exports.

Week. Since Jan. 1

3,500

$277,000

$277,000158,75083,400

$56,260

6,5002.000

185.60660,431

$310,8002,100,2411,939,768

i,258,14529,650

120.60910,204

24,33722,780

$6,463,7253,086,3389,724,709

Imports.

Week. Since Jan. 1

215,9331,260

75,418880

$293,49164,43993,221

$38,445

$20,020,221I

2,639,6414,731.450586,847162,138379,718101,031

$28,624,039 *

1,974,367]839,290

,

14,509277

4,716

$159,51119,585

j

60,389435,338904,518106.176118,707

$57,94796.300

107,8251

$1,754,218 i

3,194,506-5,387,590'

Of the above imports for the week in 1881, $155,723 were

American goW coin and $57,947 American silver coin.

Statement of the Comptroller of the Currency on August 1,

1881, showing the amounts of National Bank Notes and of LegalTender Notes outstanding at the dates of the passage of the;

Acts of June 20, 1874, January 14, 1875, and May 31, 1878,

together with the amounts outstanding at date, and the I

ncrease or decrease:

National Bank Notes— *„.„„„,,<,<•Amount outstanding Jime 20, 1874 ^^^^'^Rfif

n

Amount outstanding January 14, 1875 351,861,4&UAmount outstanding May 31, 1878 322.5o5,965Amount outstanding at date* ^^S ,2j'Q?aIncrease during the last month ,?' 5a inaIncrease since Aug. 1,1880 13,4ZO,iooLegal Tender Notes— . „„ „„-

Amount outstanding June 20, 1874 ^^-•*'9?'2xXAmount outstanding January 14, 1875 38 -.000,000Amount retired under act of Jan. 14, 1875, to May 31. '78 3.J,318,984

Amount outstanding on and since May 31, 1878 346,031,010Amount on deposit with the U. S. Treasurer to redeemnotes of insolvent and liquidating banks, and banks „„,„-(,„retiring circulation under Act of June 20, 1874 ^ ' Aoitn

Decrease In deposit during the last month ^TT'TonIncrease in deposit since Aug. 1, 1880 13,04 i.ioo

« Circulation of national Bold banks, not Included In the above,

$1,087,675.

Statement of the Comptroller of the Currency, showing by

States the amount of National Bank circulation issued, th«

amount of Legal Tender Notes deposited in the United Statei,

AcansT 8, 1881] THE CHRONICLE. UbTreasury to rut ire National Bank circulation, from June 20, 1874,

to Aug. 1, 1881. aud amount rumaiiung on deposit at latter date.

LryalTrndtr KoUs Depotilat to

Jtctirc Xulional Bank Oircuta-Ltgal Ten-ders o nAfhtilionnt

rirrithttioH

li«n tlnre Jui%f 20 , 1874.

BTATK8AND TKU- istiieit giiier RedempVn

ofNo&$ofIfiqiiidat'a

Hunks.

To Kelire wUK U. N.lUTOIltUl. June '20,

1874.CircurUonttudtr Actof June 20,1874.

Total TreasurerDtpotUa. at Date.

I,55(i.l80* 9 * »

KbIdo 317.000 7111,700 1,081,70(1 279,467K.HkiupBb B43.^tl.^ 72.!)!)7 .'•>.>.800 128,797 27,784Vomiont.

.

1.8'.'^.4<i" 301.097 l,7.".:i,0l0 2.054,137 766.016Mll.HS •ja.T7«i..'>-.;o 234.800 9,(i'<i),700 9,915,.^00 1.795,001Kli. Islauil 3.<V.:8.S1J0 32,350 l.lii'.i.xrt'i 1,442.235 433.562

4.I.-i'J,870 6.'i,350 3.7:11,030 3,796,380 1.631,286NewViirk. 27,1(>0,84.'> 2,571,478 30,riO7,78o 33,079,258 7.8il:i,919

N-Jer^t-y.. 'j..j7'.;.o;i". 467.003 2..->i;:i.l37 3,030,740 1.212,S!(8

Pbiui i:).30H.i'2o 1,311,226 12,13.),171 13,446,397 5,618,061277.a75

Mary laud. 1,903.310 166,600 1,718,380 1,884,980 83,862Dist. Col.. 457,000 432,664 .^30.080 962.724 104.014Vli-tfliilii .. 1,034,500 919,369 1,036.010 1,955.379 208,866W.Vtfiulii. 226,810 731.060 386,685 1,117.745 155,634N.Caroliuu l,23.-.,eiiO 128,200 1,147.585 1,275.785 228,108a Carolina 17i»,UiO 1,187,380 1,187,380 182,779O«0rKia...Florida ...

Alabama..

520,350 330.925 437,675 768,000 105.99072.000

207,000 90.000 170,100 260,100 89.415MiMlmtppI 266I^.:'.T" l,623,ii6 656.413 2,0;i9.250 2,755,663 71.254T 489,600 61,290 2i9,340 290,630 4.5.110A 171.000 171.000 171,000 13.075K 4,400,880 629.8«7 2,130,833 2,760,700 851,605T 812,770 370.401 .'>5 1,859 922,260 156,152M. . 1,1(>9,360 l,043.4.-)0 3,862,135 4,905,585 707,101Oiuo 5,016,.S60 1,661.097 4.651.034 6,312,131 2.099,555'*"i1laTift 3.8.'>1.3i0 1.382.397 7,859,083 9,241,480 2.933.058nitnols.... 3,353.223 1.828.934 7.706.046 9.534,980 1,785,425Mlolilgan

.

2,319.310 536.800 3,174,475 3,711,275 1,314,96.5Wlsconeln. 1,171,130 680.800 1,2.-19.589 1,940,419 665,250Iowa 1.846.380 858,669 1,760,616 2,619,284 511,171Slinncsota 1,133,400 509,495 1,8S3,445 2,392,94') 756,6 17Kansaif . .

.

238,400 781,721 316,550 1,098,271 283,140Nebraska . 266,400 45,000 449,980 494,980 232,708ITcvada ... 36,000 1,778Colorado.. 644,400 147,225 149,400 296,625 20,448Utah 134.900 161,191 196,800 3.57,991 13,453Montana.

.

165,600 111.700 81,000 192,700 68,193Wyoming

.

30,600N. Mexico. 90.000Wtteh'ton 180.000 90,000 90,000 75,590Daliola ... 238,500California. 825,300'Leg. tend. 3,813,675

Total 116.243.355 19.639.229 107,837,552 131,290,456 33,438.332

* Dcpositoil prior to June 20, 1874, aud remaining at tli.at date.

Exports ot Iieadlax Artlclea of Domestie Produce.The following table, based upon Custom House returns, shows

the exports from New York of all leading articles of domestio

produce for the week ending with Tuesday last; also the exports

from the Ist of January, 1881, to that day, and for the cor-

responding period in 1880 :

Ashes, pots bbls.Aslies. pearls bbls.Beeswax lbs.Breadstuffs—

Floui', wheat bbls.Flour, rj-e bbls.Com meal bbls.Wheat bushRye bush.Oats bush.Barley bush.Peas bush.Ooia. bush.

^^::::.::::::::::::&.Cotton bales.Domestics pligs.Hay bales.Hops bales.naval Stores—Crude turpentine bbls.Spirits turpentine bbls.Ko^iu bbls.

Sfv bbls.Htoli bbls.

ODoitke owt.OllB-

^^!i:>le gals.^l

"i">gals.

i-"'l-: gals.Linseed galg.

Petroleum irala.ProTlalons—folk bbls.geef. bbls.5**' tierces.Cutmeats lbs.Butter lbs.Oiee»f) lbs

-J*»d lbs.

JSS? "'bis.allow lbsToba<'(0, leaf i,i,ds!Tobaiio bales and cases.TobHcc'o,manufactured. lbs.Wbaleboue Ibg.

Week endingAug. 2.

2,194

81,220

2,595916,46611,785

614

8271,132,173

177728

9,68082891914

6534,192

89197

42,212

40

17,6.50395

6,956,594

2,240659

1,1886,173.596

632,2.")35,410,li!32,127,2.t7

6.-)9

1,560.6102,826730

106.3305,022

Since Jan. 1,1881.

1,048154

48,623

2,917,6472,225

125,25124,652,979

711,250131,21715,147

170,70220,274,576

37,48134,548

319,68182.76052,46318,490

66,013

108,1217,1453.050

1,569,422

151.071107,403255,42421,975

181,891,469

125,16825.74732.301

260.453.55212.097.64779,985,746

137,775,47115,413

33,520,69845,4.5328,730

3,728,28975,917

Same limelast year.

627142

56,078

2,326,0162,541

103,97034,293,517

951,908301,988262,656213.166

28,657.46737.18629,512

381,40662,.50977,2842,060

13,473140.978

4,3973.643

3,442,409

69,907232,235531,50378,015

140,221,539

147.53937,67937.607

344,372,77016,492,97869,831,102

173,219,54112,716

53,391.09240.30326,608

3,741,09953,355

Imports or Leadlns Articles.The following uble, compiled from Custom House returns,MOWS the forHign imports of leading articles at this port from

Jan, 1 to July 29, 1881, and for the correspondhig period in 1880:

[The quantity Is given In packages when not otherwise ipsclfled.]

U81. 1880. 1 1H81. 1880.China, <lio.— Metals, Ao—

1

China 11,608 10,681) Iron, pig... 137.828 247.835l:Iartlienw . 28.672 32.16.)' " ml. bars 230,994 545,347Glass 258.009

*U '

':.?1Si24.738 .39,1.57

Glnaswaro

.

25.322 1,284.476 4,659,102Olass plate. 4.36.'l 4, " .")iT.:o)i 362,021Buttons 6,:I38 8.-J22 .

') 084,000Coal, tons... 32,076 2,5,2Ul -. 10,136.848Cort)a, bags. 40,973 26,301 ! '

" ' 1 .» 210,589Oort'tM*. bags. 1.034,567 1,404,364 ..

Cotton.bales 7,294 4,300 , 440,081 457,810Dnigs. &o— ,s ,

, ,, 1 . 1 ,,

Bark. Pom. 10.083 23,708 auUbaga... 1 ,026,485 2,1.53.500Bloa. iTOWd. ll.SKIO

2.44817„0012.584

Tao.-.T:.... 572.27231,019

445,841Cochineal.. 48,047Gambler . . 30,660 73,580 Wines. Ao.-Gum, Arab. 4,271 4,489 ^x'riHdigo 3,443 5,779 131,785 88,760Madder, Ac 379 008 Wines 148,410 129,871Oil, OUve.. 30,595 30,050 Wool, bales. 27,288 88.481Opium .. .. 478 1.200 Rtported bySoda, bi-ob. 3.853 8.582 value. $ $Soda, sal... 29,822 40.558 Cigars 945.604 902,221Soda, ash.. 44.051 58,524 Faney goods 754.161 679,628Piax 2.930 4,516 Fish 282,057 262,645Purs 6,074 8,704 Fruits, Ao.—Gunny cloth 1.286 2,061 Lemons .. . 601..544 1.186,109Hair 3,020 9,061 Oranges . .

.

l,240.!m5 1,3.50,765Semp, bales 180,192 154,982 Nuts 522.802 558.589Hides, Ac- Raisins .... 459.474 618.442Bristles .. . 1,404 2,168 Hides, undr. 11,273.049 15.552.510Hidos.dr'sd 4,132 6,392 Kico 110,524 213,261India rubber 43,049 41.516 8pice»,4c.—Ivory 1,941 1,384. Cassia 19,982 133,289Jewolry,&o- Ginger.. .. 46,767 75,501Jewelry ..

.

1,050 2.169 Pepper 130,203 393.615Watches . . 637 618 Saltpetre ... 207,118 277,332Linseed 156.002 331.691 Woods-Molasses 62,453 67.250 Cork 442,766 409.046Metals, &o— Fustio 90,931 50,777Cutlery 4,002 4,437 Logwood .

.

Mftliopfttiv

.

405,190 498,808Hardware... 651 867 270. loo 144.742

—Attention is called to the card of the old and well-knownhouse, Randall fit Wierum, of this city, in to-day'sChkonicle. This house does business in railroati sto cks andbonds, governments and foreign exchange. Mr. C. K.Randall, a member of the firm, represents tne house on theNew York Stock Exchange. Mr. Otto C. Wierum, also a mem-ber of the firm, attends to the foreign exchange department, in

which branch of business he has had an extensive experience.

—Messrs. Floyd-Jones & Robison, one of the youn^ andactive firms of stock brokers, publish their business card in thecolumns of the Chronicle to-day. The gentlemen composingthis firm have energy and experience, ana will give personal at-

tention to the orders of customers in the purchase or sale ofstocks and bonds on commission.

—Attention is called to a cash dividend of 4 per cent on th»preferred and common stock of the Chicago & Alton RailroadCompany, payable 1st of September next, at the office ofMessrs. Jesup, Paton & Co., this city.

—The Ontario Silver Mining Company of Utah has declaredits dividend—amounting to $75,000—for the month of July,payable at Wells, Fargo & Co.'s on the 15th inst. Transfersclo.^e on the 10th. This makes the 70th dividend declared.

BA>fKING AND FINANCIAL.

BANKING DEPARTMENT.I Officb of Fisk a Hatch, No. 5 Nassau Street, J

,NKW York, July 7, 1831. J

I In answer to numerous letters of inquiry as to the terms on which wereceive deposit accounts of banks, bankers, business firms and Individ-

uals, we issue this circular for the general information of those whomay desire to open accounts with a private banking house in this city.

We are prepared, on the terms mentioned Ijelow, to receive the

accounts of responsible parties in good standing.

1. Except in case of banlts, savings banks, or other well-known OOI^

porations, or of individuals or firms whose character and standing are

already known to us, we require satisfactory references before opening

an account.

2. We allow interest at the rate of 3 per cent iier annum on the avei^

age monthly balances when the same amount to $1,000 or over. Onaccounts averaging less than $1,000 for the month we allow no interest,

3. We render accounts current, and credit interest as above, on the

last day of each month.4. For parties keeping regular deposit accounts with us we collect and

credit United States, railroad and other coupons and dividends payable

in this city, without charge; make careful inquiries and give the best

information we can obtain respecting investments or otlier matters ot

financial Interest to them ; and in general servo their interests ia anyway in which we can be of use to them in our lino of business.

5. Wo do not discount or buy commercial paper, but are at all time*

prepared to make ndvonces to customers and correspondents on C 8.

bonds or other flrstclass and marketable securities.

6. All deposits are subject to check at sight without notloe.

One of our firm is a member of the New York Stock Exchange, and wegive particular attention to orders by mall, telegraph or In person for

the purchase or sale of Bonds and Stocks on Commission.

We continue to buy and sell direct, without commlisiou, all Issues and

denominations of United States Bonds for Immcillatc delivery at current

market rates, and make exchanges for National Banks in the BauldDg

Department at Washington, without trouble to them.

Our " Memoran la Concerning QoTemment Bonds" will be sent post-

paid on appUcatl'jn.

FISK * HATCH.

114 THE CHKONICLE. [Vol. XXXIII.

ghje 'f^Kuhtvs' %vizztXz.

DIVIDENDStThe followliuf dividends have recently been aunonnced:

Kame of Company.

Raflroada.Chicago & Alton, pref. and com...

Detroit iJuiBin? & Northern, peel,

Kan. C. Ft. 8. &. G., cont: for prel.

BuUand, pref....._tank*.

Banliof the Manhattan CoIntarance.

atyFlreKewYorlc Fire

inlncellaneoas.PnllnianPalaee Car (quar.)

Quicksilver Mining, comDo do pref

Percent.

431s4

$150

2

i!"4

Sept.Aug,Aug.Aug,

WhenPayable.

Aug. 16 to Sept.Aug. 7 toAug, 8 to Aug,

Aug, 10

Aug.On dem.

Aug.Aug.Aug.

Books Closed:(Days itielusite.)

16

Aug. 3 to Aug. 7

bills making To-day the actual rates for prime bankers' sterling

bills were about 4 82M@4 82^^ for 60 days and 4 84^X@4 84 >^ for

demand. Cable transfers, 4 84%@4 85 and prime commercial

bills 4 81@4 81M.. J . .

Nei* York Exchange was quoted to-day as follows at the

places named : Savannah, buying, par, selling, ^ prem.; Charles-

ton, buying, % prem., selling, % prem.; New Orleans com-mercial, 25c,, bank, 50 discount; St. Louis, 23 discount; Chicago,

75 discount ; Boston, 9 pence premium.Quotations for foreign exchange are as follows, the outside

prices being the posted rates of leading bankers:

Auffusl 5,

Aug.Aug.

9 to-9 to

Prime hankers' sterling bills on London.Prime commercialDocumentary commercialParis (francs)Amsterdam (guilders)Frankfort or Bremen(reichma]rk8)

Sixty Days.

4 82>4®4S34 81 ®4 81i24 80>s®4 815 2334®5 21'833%» 4004 ® 94 '-4

Demand.

4 841434 854b3 ®4 83ia4 821^84 835 2058a'5 19%40 ® 4OI49158® 94«i

NEW YOBK, FRIDAY. AUGUST 3. 1881-3 P. M.

The Money Market and Flnincial Sitaation.—The warm

weather has put a check on active business in the past few days,

and even aside from this quieting influence there has been less

than usual to disturb or animate the markets.

The principal topic of discussion just now Is in regard to the

•wheat harvest, and the reports concerning this are so various

that the matter can not be settled to the public satisfaction for

another month at least ; indeed, the markets will have to feel

the effects of new wheat before the talk of a scarcity will cease.

In the Northwestern States and in Dakota the spring-wheat

harvest is now in active progress, and by the first of September

tlie general result ought to be pretty well known. From Europe

come reports of a good average crop in almost every country

except Portugal and some parts of Prussia. Accounts from

Russia, the principal exporting country, report a crop fairly up

to the average.

On the stock market the freight war is still the most potent

force, and although Mr. Fink, the commissioner of the trunk

line pool, has called a meeting of the managers for August 10,

there does not appear to be much confidence that a settlement

of the difllculties will be arranged. The following is the text of

the circular issued on Wednesday by Commissioner Fink :" I am

requested by five of the general managers of Western roads to

call a meeting of the joint executive committee to consider the

caases which have led to the present ruinous war ef rates and

the means that should be adopted in the future to maintain the

tariffs established from time to time by this committee. In com-

pliance with this request, I call a meeting on Wednesday, the

10th of August, at 11 o'clock, at the office of the committee in

New York. Please let me know whether you will be pre-

sent or represented by an officer with full authority to act

for yon. Please answer at once so that in case a sufficient num-ber of companies cannot be represented at that time to transact

business, the meeting can be postponed and notice can be given

to that effect."

The money market has been quite easy and call loans abund-ant, within an extreme range of 2(g)4 per cent, according to the

borrower and the collateral. Prime commercial paper of two to

four months sells at 3 to 4^ per cent.

The Bank of England statement on Thursday showed adecrease of £1,000,000 in specie for the week, mainly owingto the Italian loan, and the percentage of reserve to liabilities

was 42>i against 45 7-16 last week; the discount rate is un-changed at 2)6 per cent. The Bank of France lost 1,025,000frahcs gold and gained 1,600,000 francs silver.

The last statement of the New York City Clearing-Housebanks, issued July 30, showed a decrease in the surplus abovelegal reserve of |47,975, the total surplus being |10,OSO,725,•gainst $10,078,700 the previous week.The following table shows the changes from the previous week

and a compariBon with the two preceding years

:

United States Bonds,—There has been more activity in the

market for government bonds, and prices are stronger than last

week.The United States Census statistics give some interesting fig-

ures as to the various owners of registered bonds at the interest

periods nearest to June 30, 1880. The registered bonds were

thus found to be distributed approximately as follows.

Total 4 per cent registered bonds $528,100,950Private individuals $271,435,900Bau ks, insurance, trust companies, &o. 1 1 3,306,900National hanks (to secure circulation). 136.526,700Foreign holders 6,831,450

Total 41a percent registered bondsPrivate individuals $72,010,900Banks, insurance, trust companies, &c, 53,620,400National banks (to secure circulation). 39,461,950Foreign holders 5,187,530

Total per cent registered bonds —Private individuals $74,092,050Banks, insurance, trust companies, &c. 60,524,250National banks (to secure circulation), 143,949.150Foreign holders 15,875,350

Total ol 4, 412 and 5 per ceat registered bonds

—

Total 6 per cent registered bonds as distributedin ten large cities

170,280,800

294,440,800

$992,822,550

180,926,700

$1,173,749,250

The closing prices at the New York Board have been as follows:

Grand total.

6e, continued at 312.

.

58,1881 reg.4iflS, 1891 reg.4148. 1891 coup.4s, 1907 reg,

ts, 1907 coup. iS.-Jan6s, cur'cy, 1895..reg. -I.

InterestPeriods.

6b, cur'cy, 1896.. reg.8e, cur'cy, 1897. .reg.

6e, cur'cy, 1898. .reg.

69, cur'cy, 1899 ..reg.

& J.J. & J.

J. & J.J. & J.J. & J.

July30,

1023810211438WAH1163f11G3|.1301311321331a>134i2

Aug.1.

10238

114»61163811636130131•132•133134

Aug. Aug. Aug.2. 3. 4.

10238 10238 102 1210218 102 I3I

11314 •11338 1131alliia niBp 114=811638 '11638 1161a1161a •1161a •llOia'130 *130 •130131 •131 •131'132 *132 •132•133 •133 *133•134 •134 •134

Aug.5.

113%114»8116%116%130131'132'133'134

* This is the price bid at the morning board ; no sale was made.

State and Railroad Bonds.—State bonds have shown someactivity in Louisiana consols, which advanced above 70 but fell

off again to-day. No further news from Nashville has been

received concerning the meeting of the Supreme Court.

Railroad bonds on a fair business are well maintained at their

high prices.

Messrs. A. H. MuUer & Son sold the following at auction:

Shares.32 New York Gaslight 10510 Guardian Fire Insurance- .

70i£Bonds.

$19,000 Warren RR. 2d mort.78, duo 1900 1261a

Bonds.$2,000 City of Toledo (Ohio)

8r, Water bonde, due '94.1295,000 Long Island Railroad

((31en Cove Brivnch) Ist

mort. 6s, due 1884 99i«

LoanBanddla.Bpeoleuroalation...Net deposit*

.

I«gal tenders.

I<egal reserve.Beierve held.

Bnrplug..

1881.July 30.

Differ'nees fr'mprevious week.

Dec.$349,188.40081,043,400 Dec.19.212.900 Inc.

351,777,900 Dee.16,93l,800|lnc.

$87,914,475 Dec.97,975,200 Deo.

$10,030,725

$52,100448,00027,600

88O,«0O179,800

$220,225268,200

1880,July 31.

$297,779,30068.037,70019,477.600

291,306,50020,631,300

$72,826,62588,669,000

Dec. $47.975 $15,912,375

1879.Aug. 2.

$267,280,10019 652.40020,694,800

254,770,70057,655,100

$63,692,67577,307,500

$13,614,825

Exchange.—There is not much activity in foreign exchange,bnt the tone is firmer in consequence of the small supply ofeommercial bills. The high prices of wheat, pork and otherarticles are hindering exports, and hence the smaller amount of

Railroad and Miscellaneous Stocks.—The stock markethas shown the characteristics of a mid-summer period, whenmany of the brokers and their customers are absent from town.

After showing considerable strength in the early part of this

week, and a well-sustained re-action from the bear movement of

last week, the market is again somewhat off, and prices to-dayare heavy. This appears to be less significant from the fact

that there is little activity in operations these warm day.s, and

Erices seem to droop from neglect rather than from vigorous

ammering, as before. Railroad earnings are generally showingvery well, and ever since the snows of winter melted (which wasabout the first of May in the Northwest), the companies havebeen making a handsome gain in traffic. Next week we shall

publish the extended monthly tables exhibiting the earnings for

the month of July and seven months of the present year, in com-parison with the corresponding periods in 1880. Tne injury, to

result from smaller grain crops is unquestionably exaggerated,

so far as the general traffic on all railroads is concerned, althoughit may be true this year, as in any year, that along the line of

some particular railroads a smaller crop may decrease the

earnings.On another page will be found the comjilete highest and low-

est range of stocks in June and July, and in view of the consid-

erable fluctuatioas in these months, the table will be found moreinteresting than usual.Reading has been one of the most prominent stocks this week,

and advanced sharply on the report of the financial schemeproposed by Mr. Bond, which is to be completed in details andsubmitted August 10. In order to float well their new securitjf«,

it would appear that the managers should hasten to put their

scheme in good shape and avail themselves of the present easy

.money market in New York and London.

AcouBT 8, 1881.

J

THE CHRONICLE 145

RANGE IS PR(CB3 AT THE N. Y. STOCK BX0HANOE3 FOR THE WEEK, AND SINCE JAN. 1.

BTOCKB.

RAII.KOAUS.Albnnjr .t Huwiuchaiintt -HoKtnii A N. Y. Air Line pwf...Biiiriilo IMttHlmrBA Wciil«ru...

lliirllnKton ti'ilar luplds « NaCanndii Hnutlu-nlCt'ilar KalliKt Minnesota(.i«nlriklo( Now Jer««yCentnil PurineCliesiiprako A Ubio

Do l«tprerDo ill J>re»

Chlc««oA Alton......Do pref

Chicago Burllngtdn A Qiilncy.Ctilr«go <t Ku«fini,IMini)l»Chlcuo MllwauliPO & tit. Paul

Do pret.

Chlraicn A NorthwestcmDo pref...

Chtrago Hock I»l. * PaclneChlcaKO Ht. 1-. & New Orleans..Chicago St. Paul Minn. * Om..

Do pref.

Cincinnati S«n<lahky A Cl«v

—

ClevelanAC'ol. ('in. .4 Inil

Clereland A Pittsburg guar...Colomlma Chic. A Intl. Control.Danhory A NonralkDelaware Lackawanna A Weat.Denver A Rio OrandeDnhuoae A Hlonx CityKiwt ToiineBHoe Va. A GaUanuihal A 8t. Jompb

Do pre*.....Honnton A Texaa CentrallUinoln CentralIndiana Uloom'n A We«t., new.international A Ot. Northern.,Jollot A ChicagoKeokak A De« Hoinea

Do prefLakeRrie A Western'I^ke BhoroLong IslandIx>nTelanaA Missouri River

—

1)0 prefLouisville A NashvilleLonlaville New Albany A Cblo.ManhattanManhattan lloach CoMarietta A Cincinnati, 1 st pref.

Do 2d pref.Memphis A CharlestonMetropolitan ElevatedMichifxaii CentralMllMiink.e I.. Sh. A WesU. prefMilwaukee A NorthernM issourl Kansas A TezaeHlesnurl PacificMobiloAOhioMorris A KssexXaslivlllo Chitttanooga A St. L.New York Central A Hudson ..

New York ElevatedNew York Lake Erie A West..

Do pref.I> ew York A New EnglancfNew York New Haven A Hart.New Y'ork Untario AWestern ..

Do pref.Norfolk A Western

Do prefNorthern Pacific

Do prefOhio CentralOhio A Misslasippl

Do prefOhio Southern

. PanamaPeoria Decatnr A BransvlUe..

.

Philadelphia A ReadingPittsbnrK Ft. Wayne A Chic...Rensselaer A garatORaRlch.A Alleuli., stock trust ctfs.Rochester A PittsburffRome Watertown A ()Kdensb'K8t. Louis Alton A Tene ilante.

Do pref.St. Lonis Iron Mt. A Sontherc.St. Louis A San Francisco

Do pref. . ..

„, „ Do Istpref.Bt Paul A Dnlnth ...

Do prefBt. PanI Minneap. A ManitobaScioto ValleyTexas A PacificTenis A St. I.0U1ST'ledo Delphos A Burlington ..t. luon PacificWabash St. Loals APJici'nc !!!!

Do oref, M18<:eI,I,AXF,OCs:Amertcan District TelegraphDelaware A Hudson OtnalNew York A Texas iSndOreifon Ilailw.ay A Nav. Co'Pacific MallPullman Palace CarSntroTuiinclWestern Union Telegraph!!!!!!

Do ex-ceiulicates.. E.YPI{E>»!!«.AdamsAmericanl"lilte<l Stat«« .

Wells, FacKOA Co ..!'.

tOAI, AND MINING.AraeriraiK oalColorado (\ai ,([ IronC«n«<.Uilal ion CoalJlomentake MiniuRLittle PltlM.urK .Nfluing !!!!!MartpoKa Land A Mining....Maryland CoalOntario Silver Slining<Juuk«llvrr Mining^..!!!!!!

I'o prefetandani Consol. Mmlng '

Cameron Coal

DAILY RianKBT AND LOWEBT PRICES.

cafurnay,July 3().

80 8086 tj C7i\,

41>-.i 4.'!

•20 3'.i

138 "a

lOCilOP

ILSHilM',130 13112G'4 l'i7

139'4 1301.,

130 13!)'..

•7841-1 42

lOSisKW...54 no94 9 1

34

23 >4 24

122'4 124101»4 1027,

02 94110 112'-..

137'il3861 52 >4

563, 68lad's 12(i''j

103 "-J 104

17 'a IS"-.-

36 30 '4

13=fe IS9'4 0'4

81 84 "-J

843, 85 '2

loo's 101=454 54:'^

44', 45108 no36 '8 3G _

12434 125 '4

80 '4 82144 145107 10744 "s 44 •\

8634 87

IM32

18433

60 62 '^

SO's 4179:% 823428 H) 2939 3936

411a 42i;i

S4>i41

U

5041

'.I

Ceulral Arizona .\iinlng'• iimberland Ccal A Iron!!De.-idwtKKl .Mining.Excelsior MlnluKNew Central C i>.al

»ilvcr( liiT Mining

51'a 51'^

Mon<lar,Aug. 1.

06 <a <I6'4

04^ 9603 >4 04a8>.j 283842 42•31 >3 33

leo-'s 161 Is

11334 lis132 132125'4 128'.v140 140138 138

4IS4 42>s10334 lOS

92'a OS's

is" isij

122 '^123'^101% 102 's

18 20V93 93

11234 114

13734 137=4

50'e 61 '4

e6>a 58124 <« 12660 60

103 104

171% 18'436 8613«i 14 "^

82 83 12

8434 86 '4

99 111003464 e4i.j

Tneadar, tWetlneaday. TbnrKlay, Friday,Ang. 4. Aug. I3. Aug. f. Aug. S.

138 128

80>« 80>»66 67 >4

94 '4 96 "s

93 >4 94•iSh, 283s41 41•30 31 "n

137 ...

ICO 161

11334 1163j131 133-1'25'mT27139'«139'.j137'6l30

4134 423^103 10434

94 >4 94 >4

23 233.

I'22i3l24'eIOOI4 10134

19 2095 05 14

114 117".j

137 137=460 6034

67 57 .124 3^126 '4

60 60

103 >e 104 <^

17'e 17=8

44 45'.,.

lOSH loots38% 363.;

125 125•80 83143%1447eloo's 1094334 44 1^

87 87

32 33

60 623934 4180% 823fe28 '4 29 ".J

37% 3834

,40'4 41345934 60140 140

67 60

68 14 64

4g>!i75 '4

5175 "i

87103

87lea

68 593,

126% 127 '2

62% 54'too 92 "i

109 '4 no's47 47

143 145lis I'o

80 90%

133 13682Hl 821^•69 70136 126

63», 66

162=4

'301071 ".J

•22:'4

433 "4

2637)9"I'll23 '4

442-4

20

74 "a 74 "-i

67 '4 59 "»

28 28126 127 "a

62% 631288 90 <4

109% 110'.•49

61% 63',141'al4l>i

1>4 1>.

80 90%

136•83•69126

1378570

128

M M>a

•8%

263610 Hi

23 >4

433%

33*443 «i'4

10>4 10'..,

81 82 "s

83% 8499U 10134

44 45109 110%36 3634126'»125'280 80

14334 144%107 1074334 447,•85 87

184 1843134 3234

26 266O34 013440 41%81 82 1428 'a 28=437% 3834

40>460

4263 V!

561a43

64921a

6079108

60 13

75108

67 "i 69

125% 127 '•J

62% 54 's

88% 00%

110 110%49 40

16213 162 '36113 6313

88% 90%

663« 68

96% 9893 >3 9420 3043 4231 13 '3134

160 161

115 110132 132126i3l'27%139% 139%138% 130

42 '4 42%10413 100 '4

94 14 9434

'22'ii"23''s

12334 1253i101 101%

20 2094 941.

II6I3II63;

I3713I38I46O34 5034

57% 68125% 1301

104 104 13

17 17•33 38I3I3 1334

82 8583 13 Sih100 '4 101 13

5434 5434

4434 45%10913110%37 .37 13

126 I2BI481 81I4413I45I4107 10744 14 441,87 87

184 18432 13 32%

61 Hj 6241 411..

81% 82%'28 13 'JO38 '4 3914

4II3OS's

423467

57443433

57%451.33

96 97

6OI3 50%7513 75 "a

109 109

88103

88104

6834 5913

120% 127%53 54%88=4 90=3

•8066 67

go's 0893% 0429 29•41 42•31 321403« 141

160 14 101

114% 11534133 13312eHll'27i4

•78 824134 42'31041310434

9334 04

Mia 2234

124 I25I4IOOI4 101%

1934 2194 94115 116'3

137 13734

57-4 57 14

124% 125 >4

49 49

103% 104

16% 1737

1313 13%

83 8584% 84%9914100%

44 45108% 110.37 14 37 14

1'25 1'26

80 84=4143% 144%107 10743°s 44I4

185 18532% 33%85 8525% 25%60% 6140% 42%81% 82!',

28 28%3734 38%

3834 2834

4113 4265% 6713140 140

5634 6743 4533 33

07 9713

60ia 50%74% 76%109 109

103 104

68% 69%

110% Ill's49

163 16462% 53%142 142%1% 1%

136•82•68 13

125

1.368470

64% 69%

•163%

•26%•3919%71

42343%

42%2%

90 90%

139 138•83% 8570 70

1'26 130

59% 66%

•163%

•26•893078234334

30302072%2343%2%

38% 38%

120% 12792% 53%88% 89%

110% 110%47 471C4 16452% 63

1401% 1%

89% 90%

136 13885 85•08 70126 130

99% 96%•38 40•17 18•2%....

•80%69% 66

96 8703 03%•28% 2040% 41%•30 31143 143

160 161

1133,115138 133126 12634

139%137% 138%81 8141% 43103% 104.'>4

93 92%

2234 2234

123% 124%99 . 100%

20 20 °i,

93% 94114%11596 96136 136%61 91

6684 57123% 124%49 49

103 103%

16% 17%

83 84%8I34 833498 90%54% 543,

4334 44%108»4 109%36% 30%

125 12584% 90143% 143%106% 108%43 43%

32=4 33%

25% 25%60% 61%40% 4180% 81%•27 ....

37 38

40% 40%64% 65%139 ...

3930

41'i31

60% 60%75% 75%109% 109%

67% 98%

126% 126%61% 52%88% 89%

109% 109%47 49163% 16462% 63141 ....

1% 1%

•35 3630 203472% 7234••^34 23%43% 43%3% 2%

8 8

8834 89%

•136 13886 8570% 70%126 130

94% 55•38 40•17% 19•2% 23,

•36 362034

•72% 723.21% 2134433« 43%

30

Rale* ofthe Weak,Bbaraa.

lis

18711,366

77.42514,7802.1251,470

,600236

2,876

91,9701,400

60,2501,5603,087

8,49214,7912,4002,628

0,015

154,10043,003

4,3504,35030,000

4,9752,850

6,700178,626

3,400

9,765100

4,820329

2,160500

11,4345,'225

46,4902,700

44,74437,3702.'200

2,4269,900

31,4041,011

60,9001,200

17823,085

100200

8,95020,18168,3125,776

13.300

100

10,88678,100

310

2,3502.600400500

2,000

4,9761,3501,030

i',3d61,095

19,7'76

30042,81667,66033,941

2001.1,600

65909

65,280200

3,460

154,366

103040

10,600

100800

30(177

1,8501,100800

20,01713,160

326

406

130 Jan. B49 Apr. 787 Feb. 3660 Feb. 2463%July 10lA Jan. 1882% Jan. 480 la Fell. 2920-% Jan. 198234 Jan. 1223 Jan. 26183 Apr. 19140 Mar. 23164 July 2000 Apr. 21101% Feb, 29117 Feb. 26117 Feb. 26131% Feb. 20129 Feb. 2640 Jan. 488 July 2091 Feb. 2541% Feb. 1

81 Feb. 25127% Jan. 291934 Jan. 460 May 12107 Jan. 482% Jan. 476% Apr. 818 Aug. 1

4434 Jan. 494 Feb. 26

Feb. 26Jan. 4July 27Jan.

6812445501301441

Rang* Blaca Jan. 1, 1881.

Jan. 5Jan. 10Jan. 4

96

4180

38% Jan. 4118 Fob. 2544 Juno 410% Jan. 2042 June'2279 Feb. 2S58 Jan. 715% July 27,32 July 27

Jan. 4Jan. 7Feb. 18July 25

96% July 2742 Mar. 2253 May 2039% Feb. 2585 Jan. 2818% Feb. 2H

118 Fob. 2563 Jan. 6140 Feb. 26103 May 441'.4 July 268013 July 2760 May 10164% Mar. 2528 Jan. 470 May 1423% July 1453% July 273334 J an. 1364 's Jan. 2523% Jan. 536 July 259734 Jan. 83834 Aug. 4319% Jan. 727% Jan. 460 Feb. 25

Jan. 19Jan. 7Joly 27Apr. 14Apr. 1

Feb. 28July 19

127130522625308052% Jan. 4

Mar. 3461 Jan. 490 Feb. 2626 Feb. 970 Mar. 888%Jan. 743% July 1641% Jan. 44134M.-ty 1323 Mar. 10105% Feb. '25

39 Feb. 2577 Feb. 25

46 Juno 2989% Jan. 430 Jan. 16

135 Jan. 346% Jan. 4130% May 14

1 Fel>. 680% Jan. 377 Apr. 19

120 Jan. 663% Jan. 691% Jan. 4113 Jan. 4

60 May 2336 Jan. 331 Apr. 1919%July 15l%Jan. 534 Jan. 4

29 Jon. 638%Jan. 1013 Jan. 663 Jan. 521% Aug. 525 Apr. 27l%July '25

10 Jnnc 1

7 June 81 June 8

20 Apr. 278% Jan. 11

Hlfhaat

181 May 1671%July 1348% June 1

5

no May 20IK) Jan. 1440%Juue'.i0112 Feb. 17103%Jonel888% Mar 1448% May 1430% May 14196 Jan. 6163 Jan. 7183% Jan. 1796 May 17139% June 6140 May 36136 Jan. 19147%Jan. 17148% May 2188 May 2351 Jan. 22109%Jan. 2468% June 221013, May 23'42 May 10.32% May 2077 May 24.31 Mar. 9113% June 788 June 1421 Aug. 495% Aug. 2118 July 7108 June 18140% May 21r)7%May 1992 May 6136%June2030% June 2.50 Jan. 270534 June 213534 Jan. 2063 June 3038 Fob. 2148 June23110% May 18117%JunelI46% Feb. 1469% May 2024 May 215 May 2193 June 13126 Feb. 14120%Jan. 2064% J one 269 May 2754 May 21114% Jnnel43934 June 23131 June 3102 Mar. 21155 Jan. 3130% Fob. 1562% Jan. 1595 Jan. 1084% June 11190 June 1343% Feb. 290 Jan. 2920 Aug. 270 May 2051 Mar. 1788% June 2437% May 2147% May 20126 May 2137% JnnelO280 June 2457i4Jnne2273% Feb. 9142 May 17146 JnnelO80 June2360 June 1860%June 377% May 12

14334 May 2686% June 1455 June 1481% June 3115% June2942% May 489% May 25;07 July44% July 1673% June 1447% May 2338 May IS

131 34 July 260 JuneSO96% May 16

74%116%4019062%1612%

137%94

Feb. 12Mar. 7Ang. 2Feb. 21Feb. 18Ian. 3Apr. 12June 20June 20

140 JnnelS88% May 2375 June 11142 Juno 18

66 May 2367 June 743 Jan. 1529i4Jan. 48 % Feb. 79 Apr. 22

.S5 May 2738% June 1021% July 775% July 727 Fob. 174534 May 267 Feb. 14

'20 Juue 314 Jaa. 37 Jan. B35% Feb. 97 Apr. IS

Far rnUTaar <fl8a

Low. Ul(h

10037

M4014466316

1709%117113

66%0987%104100%23

61106%0%

SO68%61%CO

22\03%493499%

37%92520%9520

773021303%2%29%8376

28%

1210047%

1-22

ll>9304T

1592070

2039%142357%

1681813%

112111

19%1642%84%25%33602S5067

30

8026%

ISO61H"(»6%81?3090%07%3S>486%27%169%160183%

114341-24%1.30146%20448

96%r29%26%63110%86%83

60%lOS91%1271%

60%

20%43%4234139%24

17410957%601818%43121130%

49 >4

38%133138155<^137%61%98%

18032%85%

3667%38%44%102

23B28%73%129139

39431136648661004079%

7*

118^48

61% 88H

506025

102•27%107%

%77% 110%

106%6442100

SB

28261%

32311%6

303%

8193^30147631464%

133

6S118

6819% 49%

39%39.30%

!» *^37393434%78 >c34

31%7089%36%SS6\

• These are the pncea bid and askcd-uo sole wot made at ine Board. t Lowest price ia ex dlTldeml.

146 THE CHRONICLE. [Vol. XXXIII.

1881.

$344,622

109,421

1,118,737227,422

Railroad Earnings.—The latest railroad earnings and the

totals from Jan. 1 to Utest dates are given below. The state

vent includes the gross earnings of aU railroads from which

retnms can be obtained. The columns under the headmg

"Jan. 1 to latest date" furnish the gross earnings from Jan. 1

to, and including, the period mentioned in the second column:

.

—

Latest earning' reported— ^Jan. llo latest date.^

Week or Mo. 1881. 1880.

Al».Qt.8outliem.June $51,735 $40,821

Atoh.Top.i8.Fe.June 1,186,000 747,012

Bo«t.&N.Y.Alr-L.M8y* 23,216 22,305

Bur.C.Rap.&No..3dwkJiily 40,222 33,740

CWro4 8tLoalB.3dwkJuIy 7,950 9,163

Central Paomo...June 2,063,000 1,724,950 10,770,133

01ie8.AOWo June 244,305 214,255 1,299,291

ChlcaKO* Alton .3d wk July 173,447 185,235 3,704.681

tJhJc BarI.&Q...May 1,679,455 1,909,627 7,014,744 7,976,649

one.* East. ni..3dwk July 31,374 31,253 853.065 614,053

Chlo.&G.Trk.Wi.end.Jtayl6 25,647 18,391 754,306 638,235

Chlo.MU.&8t. P.July 1,569.000 1,026,708 8,689,000 6,474,173

rhip A Northw July ....1,928.099 1,699,686 10,955,495 10,184.339

ChiSt*.MIn&0".:4ti; wk j'ly 'l05.444 721920 2,017,880 1.573,130

Cliic.&W.Mlcli..SdwkJune 20,620 -"""> '-^.^-r. o ^ cc,

CIn. Ind.St. L.& C.June 188,256Cm. & BprinKf. ..3d wk July 19.621Clev.Col.an.&I.Sdwk July 91,604Clev. Mt.V. & Del.Sd wk July 7,094Denver & Eio Qr July 548,284De8M.<i:Ft.Dodi;e.3d wk July 10.942Det. Lans. & No - . 3d wk July 24,568Dubuque<fe8.City.3dwkJuly 32,156Eastern Juno 207,888E»8tTenn.V.& G .2d wk July 32,884

- 30,61821,176

215,29696,0997,129

48,08713,81356,417

13,875200,33218,886

111,8617,027

372,1908,39718,39821,587239,88830,01024,02920.199

181,13893,2786.319

50,4905,374

53,274548.201133,53625,7061 5,36939,15328.63073,53115.59623,74330,077

772,53715,7913,73129,89713,065

280.79899,724130,740144.130

453,6501,068.186527.710

2,239.447223,746

3,104,043180,951

561,456 561,336

1880.

$285,966

110,545

1,078,669

204,2088.504,692

1.259,036

3,942.40!

370,8651,083,793479,992

2,184.679231.637

1,439,018154,810

1,023,266999,507

908,244819,901Flint & Pcre Mar. 3d wk July

Gal.Har.4 San A. 1st wk JulyGrand Trunk . Wk.end.Apr.30Gr't Western . Wk.end. J'ly 29Gr'n Hav ife Minn. 3d wk JulyHannilmlASt. Jo 3d wk JulyHou8t.E.<ScW.Tex.JuneHoust. ik Texas C. 3d wk JulyniinolsCen. (111.).June 603,614

Do (Iowa). Juno 157,740IndlanaBl. &W..3dwk July 19.784

Do OhioDlv.Sdwk July 19.734Ind. Dec. A 8p...June 33,165Int.&Gt. North. .3rtwk July 45.593Iowa Central June 89,918K. C. Ft. 8.& Gulf.3d wkJune 25,776Lake Erie* West.Sdwk July 24,612Louisa. & Mo. R . .April 38,857Loulsv. <k Nashv.July 820,000Memp. A Charl . . . 3d wk July 20,398Memp. Fad. & No.3d wk July 5,435MU.L. Sh.A West.July 49.622Minn.A St. Louis. 1st wk July 24.480tMo. Kan8.&Tex.3wk8 .Inly 451,087Missouri Pacittc .Istwk July 136,484Mobile & Ohio. . . .July 131,009Nashv.Ch.&St.L.June 154,549N.Y.Cent.&Hud March 2,668,250 2,854,835K.Y. L.ErleA W.May 1,776,891 1,592,544K.Y.&N. EnKl'd.May 215,271 183,701K. Y. N.H.&Hart.AprU 457,680 384,483N. Y. Pa. & Ohio..May 474,373 346,644Norfolk* West... 2wk8 July 72,952 70,444HorthemCentral.Juue 487,287 419,193Korthera Paciflc.July 404,180 241,277OhioSouthem 3d wk July 6,498Oreg'nK. Nav.Co.June 359.125 309,408Pad.AElizabetht.3dwk July 10,364 7,117Pennsylvania . . . .June 3,807.437 3,221 ,476 21 ,553,839 19,434,071PeoriaDec. AEv.3dwk July 12,340 10,819 318,055 202,447Phlladel. AErie..June 350,585 331,024 1,723,027 1,774,798Phlla. A Re.idlng.June 1,707,295 1,398,536et.L.Alt.AT.H. ..3dwk July 23,887 29,091

Do (brchs).3dwk July 11,400 14,2408t.L.IronMt.A8..')dwk July 119,100 114,802°* ' '" 81,600 83,000

122,800 87,0008,801 8,417

66.195 58,113508,000 445,95883,806 52,518

„. . 7,115 3,234gulon Pacific . . . .July 2,526,000 2,143,000 14,054,532 12,594,144Vloksburg A Mer.May 30,663Wab. Bt.L. A Pac. 3d wk July 303,708 367,536 7.036,145 7,203,704

* 5 per cent basis In 1881 j 6 per cent in 1880.t lAcluding leased lines.

U. 8. Sub-Trea.snr.?.—The following table shows the receiptsand payments at the Sub-Treaaury in this city, as well as theb&Iancea in the same, for each day of the past week:

Bt. L. A Ban Fran .4th wk J 'lyBt.P.MInn.A.Man. 4th wk J'lyBcioto Valley 3d wk JulyBouth Carolina. ..MayBouthern Pacific.MnvTexas A I'suMe . .3d wk JulvTol. Delp. A Burl.Sdwk June

3,473,1192,972,485

1,147;73366.013

1,905,3062,920,727739,278638,096

215.1591,280,128

658,243696.798134,185

5,866,305634,996127,372290,145502,153

1,240,5321,079,2237,366,4268.202,4111.007,5661,724,1002,286,7181,060,7622,661,8661,639.867

1,754.377274.018

791.767400,054

3,711,2611,714,0062,335,721190,838513,624

2,015,3001,898,642

3,257,3312,751,533

1,288,6'2444,660

1,616,2552,899,762804,274641,749

169,293795,282

504,429531,727140,551

4.520.8 IS543,535107,142215,366323,165

1.139,8641,024.6807,765,6797,429,252861,374

1,470,(5652,053,194972,958

2,215,7901,175,702

1,500.908202,487

716.819346,027

2,947,9961,330,9441,709,733159,121457,166

1,811,7071.294,i331

ivtr 80.Auf. 1.

Seeeiptt.

1.459,551 401,608,.570 67•1.775.757 83l,279,68e 09'1,353,702 461,281.678 16

Tuttl 8,760,946 60

Paymenls.

$633,815 30

1,547,036 89785,112 74840,653 10660,725 59929,889 32

5,397,032 94

Balances.

Coin,

75,173.647 5475,536,513 5676.527,564 4777,016,975 9377,731,236 2978,200,446 84

Currency.

$5,052.839 014,751,506 774,751,100 954.700,722 484,681,438 984,564,217 27

• Includes $100,000 gold coin received from 8an Francisco Mint.Coins.-The following are quotations in gold for various coins:

^ver<>lini8 $4 93Nap<Vir'6ns 3 32X X licirhuinrks. 4 72X Guilders 3 92

a$4 87'3 3 86® 4 76® 3 97

Jei. I)oul)loons.".'l5 45 al5 53

S^.Sl'*,?^';' • • par ®H prern.Bimes A >a dimes. — 99>sa par

Bpan'hDo.i!)iwn8.15 55Mej "

Silver 14.^ and i^s. — 99513 par.Five francs — 92 a — 94Mexican dollars.. — 881431 — 89'4Do nncommerc'l. — 86 ® — 88English silver 4 7'.j ® 4 soPrus. silv. thalcra. — 68 ® — 69U. 8. lra<Io doUars — 99^4® — 995aU. 8. silverdoUars — W^w par.

New York City Banks.—The following statement shows thecondition of the Associated Banks of New York City for the

week ending at the commencement, of business on July 30,

1881:

New YorkManhattan Co...MerchantsMechanics'UnionAmericaPhoenixCityTradesmen'sFultonChemicalMerch'nts' Exch.Oallatin Njition'lButchers'&Urov.Mechanics' A Tr.QreenwicliLeather Man'frsSeventh Ward..State of N. YorkAmerican Exch.CommerceBroadwayMercantilePacificRepublicChathamPeople'sNorth America.HanoverIrvinKMetropolitan ...Citizens'NassauMarket....St. NicholasShoe & Leather.Corn Exchange..ContinentalOrientalMarineImporters' A Tr..ParkMech. BkK. Ass'nNorth River. .

Bast RiverFourth National.Central NatSecond Nation'l,Ninth National..First National..Third National..N. Y. Nat. Exch..Bowery NationalN. York County..Qerm'n Americ'nChase National..Fifth Avenne...

.

German Exch. ..

GermaniaU.S.Nat.

Capital.

t2.000,0002,050,0002,000.0002,000,0001,200,0008,000,0001,000,0001,000,0001,000,000800,000300,000

1,000,0001,000,000300,000200,000200,000800,000,300,000800,000

5,000,0005,000,0001,000,0001,000,000422,700

1,500,000460,000200,000700,000

1,000,000500,000

3,000.000600,000

1,000,000800,000500,000500.0<XI

1,000,0001,000,0IK)300,000400,000

1,500,0002,000,000500,000240,000250,000

3,200,0002,000,000300,000760,000500,000

1,000,000300,000250,000200,000750,000300,000100,000200,000200,000600,000

Avfrage amownt of

Loans and ««,**,,'discounts.

*»?«««•

2.03-J.OOO50S,000

l,065.9i)(,'

1,417,000897.SO0

3,550,700870.000

4.853,70043«,S00258.200

3,188.200a'i3,50C891,700274.300143,00016.400

665.300220.6(X17ii8,000

2,840.0006,007.800812,100

1,404.900474.200808.000815.000158.300642,000

1.053,700830.900

4,286,000295,400209,300477.800348,200741,00(1B«7,loo

2,255.900Si.Ooo

1,098.0007,245.8005,598.900

2iil.40O

24.100101.800

5.877.9001,448,000670,1100

1.671.0004.829.0002.018,000211,80088.00024.10C

341,0001,436,1,10432,10023,80077,100

1,189,400

_ Total 61.162,700 ,°49,188.40'i 81,043,400 16,931.8i)0 361.777,900 19.212.900

r , Net clepVsLegal otKer

lenders, tfum U. S.

*275.0002i0,8007!' 1.500452.000522.000513,80033,000

308.00090,700133.200284,700871,400124,80083,800

13.5,000186,20088.00071,300

104,700487.000855.400209.100272,700132,100310,600110,700150.700219,000

1.045,800206,100277,000261.300125,100107.50081.800

215.0001! 8,000134.600338.600148.000587.700458.7001

7.300141.80097.00(1

622,400'1,455.000290.000364,400398.300308.00094.100

S73.I1OO413.80071.400

213,00('84.800

250,100185,70168,200

*9,973,0006,266,2007,3.8,6007,7S7,0004,885,000

ll,l:)8,700

8.000.00011,170.9002.204.2001,291,800

13,043,0003.962.8003.1:7.5001,536.1001,047.000920.400

2.403.6001,1 168,8003,801,30013.117,0009.008,3004.373,7007,138.3002.733.1003.861,4003,859.4001,743.9003,484,1008,380,8002.925,20015,219,0002,2«3.5002,677,1002,465.900i,8i«,80C3.878,1008.197.1008,790,200!,a59.7004,599,000

28,111.80023.290,400

883,1001,114,500815.700

23.314,8009.687,0003.592,0007,493.000

18.912.7008.146,3001.244,6001,49-1.000

1.893,6002.3W. 1 005.781.3002.(XKI0i01,448,5001.451,8004,793,800

Circulo-tion.

495,000

1,100267,000

407,700783.900229,000174,0002,700

459.70033,800

1,059,400880,900488,200

1,115,90045,0005.400

797,860428,000

2,250,000264.0003,900

450.000447.100450,000

4,600783,200

45,0()61.087,900

45,000

221.800803,200

'.,287,00045,000

584,400435,100

2(!8.6(id

226.000180,000

91,8(J6

449.800

The deviations from returns of previous week are as follows :

»52.10OI

Net deposits Dec. ISSO.JJOLoans and discounts Dec,Specie Dec.Legal tenders Inc.

1,900

448:1)00ICirbala'tion Inc. 27,800

The following are the totals of the New York City ClearingHouse Banks' returns for a series of weeks past:

1881.Feb. 26.,Mar. 6." 12.." 19," 26.

April 29.

" 18.•' 23," 30.

May 7,' 14." 21." 28.

June 4.• 11" 18.•' 25.

July 2.9,

" 18.•• 23." 30.,

Loans. Specie. L. Tenders. Deposits. Circtitation. Aq<j. CUart % t % * * ,

..316,584.400 68,074,200 15,048,000 896,517.300 18,181,6001143,978.545

..208.486,400 54.894,100 18,289,200 274,442.600 15,448,500 1241,050,579

..298,262,900 66,868,000 12,488.600 271,80'J.800 15,468,100 '.020,907,965..300,177,300 59,552,000 12,241,200 277,931,800 15,771,100 812,303,681..300,622,000 57,868,900 12,934,500 275,388.500 18.830.500 774,684.705..300,28,8,100 67,811,000 12,710,.500 273,495,400 18,713,.300 950,446.298..385,214,400 80,129,600 12,472.700 282,78«,500 16,709,000 815,034,488,.306,388.400 8a,K10.300 13,438,800 288,821,100 16,880,200 724,179,359..805,717,800 60.804,200 14,418,,;00 292.653.000 17.217.400 978.288,388..304,435,200 89,289,400 13,784,700 294.536,300 18,600,100 879,882.M5,.,310,H30,000 73,348,500 18,024,600 305,033,900 18,864,'20O 1144.476,789..317,730,900 78,887,700 17,134,100 318,818,400 18,598,900 :078.352,066..324,192,800 80,51g!500 17,873.000 326,811.700 19,135.300 1212.847.688..332,025,700 79,134.800 18.633.800 332,182.800 19.301.200 1108.7'28,141..341.094,900 78,052,100 18,323,300 339.648.600 19,263,800 919,391,800..347,494,900 78,902,800 13,313,300 343,643,200 19.236,100 978,180,869..348,686,600 75,811.000 18.474,800 344..TO7,800 19,305,300 1019.215,091..343,490,700 77,091,300 18,092,900 313,840,800 19,141,300 953,507,150..350,491,100 76,415,600 17,112.300 348,466,400 19,176,800 914,724,597..352,858,800 77,728,500 18.884,300 349,843,000 19,149,200 831,848,902..348.744,400 81,948,900 17,058,700 351,199,500 19,181,300 844,816,881,.349,240,500 81,491,400 16,732,000 3 2 658,800 19,183,300 934.014,125.,849,188,400 81,043,400 16.li31,800 351,777,900 19,212,900 932.78S,326

Boston Banks.—The following are the totals of the Bostonbanks for a series of weeks past

:

Specie. L. Tenders. Deposits.* CircLoans.*

147,687,400149.674.900150,338,500

23.. 150,124,10030., 151,064,400

162,848,3001511,296,400158,967,^0015-*,837,0fl0

July 5.. 180,767,100" 11 , 161,586,800•' 18.. 183,121,600" 25.. 168.745,500

Aug. 1.. 184,284,800

1881.May 2.

.

9.." 16..

June 6• 13" 20

80.8,043.200 3.027,700 91,451 ,900

8,744,400 3.117,300 05.954.900 30,

8,843.400 3,059,100 98,911.700 30,

8,878,700 2,938,200 98,513,900""

7,503,700 3,294,700 101,651,6007,984,200 8,880,100 108.244,7007,853,900 3.32S.r,0« 109,751,500 80,

8,2«0,100 3.174,300 111,588,700 30,

8,457,100 8,812,900 118,102,600 30,

8,857,800 3,577,600 112,903,200 30.

9,111,900 3,295,800 113,l»o,.S00 30,

9,848,100 3,309,.300 114,086.000 3110,345,300 8,704,200 114,538,900 3110,688,000 3,797,700 113,853,900 31

uhition.*

,822,000,7!(0,800.930,9001,997,1001,476,5001,822.700,989.600-15.200,,73.100,942,100,961,500,074,600,22a,'.00,370,800

.499. Clear*

80,149,25795,227,68485.405.24792.454.50696.881,37192.802,81887,808,58883,934,80888.471.037104,789,78083,073,71191,688,46983,524,37778,230,159

* Including the

Philadelphare as follows

1881.May 2

9' 16•• 23" 80

June 6" 13" 20" 27

July 5" 11" 18" 26

Aug. 1

item " due to other banks."

ia Banks.—The totals of the Philadelphia banks

LoaTiS.*

74.253,49475,109,00874.801,57674,642,67975,34«,4S978,812,58178,471,20777.951.68878.186,84678.184,99577,761.81977.384,70777,748.55478,297,882

L. Tenders.*

19,606,5'2318,906,81319.454,14821.210,88423,r.4,32823,720.06523,250,36721.920.18021.981.0262 1.586.84321,918,71422,813.46522,604,8042«,866,989

Deposits.

68,373.6856S ,027,30968,809,10570.497,33874,588,80374,982,84474,033,51974,601,77974.343,85574,019,91274,258.90375.138,75474,310.06676,008,800

ClrciUatUm.

10.284,80610,473,54:310,334,18510,219.09010.237.44010,243,21010,478,00910.473.67410.447.1.'58

10,40,8,72710,319.87010.28.'.77110,325,58710,370,894

Am. Clear.

46.155.64956.07B.47B61.588.88756.165,88852,214.65866.429.84862.579,88069,077,»4855.580.97061,329.56850.871.08050JS0.3BB49.S.36 80646,443,937

Adodst G, 1861.J THK CHRONICLE. 147

GKNEI{AL QUOTA nONS OF STOCKS AND BONDS.Quotiitlom In Snw Yiirk roproôiit tlm per oont vnlHO, wriiiitovur tlia piir inny lie; otlior qUDtatloim r»ro frBqinmlljr mile pnr nlmre.

The follDwlat; iil>l>r«vlfttlom ai-oiiftoil used, vU " M.," for iiii>rtâ.<«; "»?.," for (jolil ;" K'<1>" fur KDnrunUwU ;

" eiirl.," for omliirnoil

;

for ooiiHoUdatod ; "ooiiv.," for coiiv«rtll>le; "». f." for nliikluKfiiiKl; "I. «.," for Innd Kraiit.

QuotittUma In New York are to Tlinr«(lay ; from other oltlcs, to late mall (latofi.

Nabarrlbera will connDr IkTor hj glvlnz notice or anr error diaeovered In these (taotatloaa.

United Status Bosds.

VNirivD STATKS BONDS.|

6»,lHHl,roiilliin<Mlat3'ii.reK lAJB«, runileil, IMHl rcg...<J— F

fta, tumli'd, 1S81 eoiip..AJ—

K

4>«ii, 1891.... reK..Q-M4><1, 1H91 ooup.. O—

M

it, 1907 re(t...Q—.1,

4b, 11107 coup., .a—-'i

e«, Ciirivncy, 18».'> reK...J't.l6«. Cun-cm-y, 1890 re*. . . ..TA-.I

6«. Ciirri-noy, 1807 r(>>r lAJi6«. Ciinvncv, 1898 reg....JA.)Idr. Oirii'iiov. 1809 Tea JAJpoKi<:i<;is utt\. SKCMtiT's.QiietH'i' ."is. 1908 M\-N|

STATK SKcrHITIKS.Alabama—Cliws "A," 3 to 3, 1900. .

.

do HumllClass " B." .Is. 190(iCI»A«"C," 4», 100(5OS. 10-20. 1900 J & J

ArkauBH.s—<!h, fiiudrd, 1899 ..J & J7s, L. K. A Ft. 8. Issue, 1900. A & O78, MiMlipllU ifc L. R., 1899. .A & O78, h. U. r. U. & N. O., 1900. .A & O7e,Mi8.«i.O.& R.UIv.,1000..A & O78, Ark. Central UK., 1900.A & O7s, Levee of 1871, 1900 J & J

Oallfornia—6», 1874Conne<licut—88, 1883-4-5Dolawnriv—68 JiJ<Florida—Consol. gold 68 J & JGeorgia—68, 1880-86 F& A

79, new bonds, 1886 J & J78, endorsed, 188678, gold bonds, 1890 Q—

J

88,*76, '86 A& OKansa-s—7s, long J&JLouisiana—New eon. 78, 1914.. J.&J

7a, HUiall bondsITaine—1,1, 1888 P&AWar debts assumed, 68, '89.A& OlWar loan, e«, 1883 M&S

Miryland—(>s. defense, 1883.. J&J6s, exempt, 1887 J&J68, Ho.spital, 188i!-87 J&JBa, 1890 Q—

J

58, 1880-'90 Q—

J

Bfassacluisetts—59, 1883, gold .J&J I

58, Kold, 1890 A&O58, gold, 1894 Var.l68. K., 8lerling,1891 .T&J;do do 1894 M&.v;do do 1888 A&OJ

Michigan—6s, 1883 J & J79,1890 M&N

Minnesota— 7s, RR. repudiatedMissouri—68, 1886 J & JFundins bonds, 1894-95 ....J&JLook bonds, '89-90 J&JAsyluiuorl'nlTersity,1892.J & JHaunib.ll & St. Jo., 1886. ...J & J

do do 1887....J & JN.Hampahire—.58.1892 J&JWarbian. (is, 1S92-1894 JJkJIWar loan, (i.s, lyoi-1905 J&JWar loan, (is 188.1 M&S

Kew Jersey-68, 1897-1902.. ..J&J*6s, exempt. 1890 j&j*

Niew York—6a. gold, reg., '87. ..J&J6s, gold, coup., 1887 J & J6s, gold, 1883 J & J68, gold, 1891 J & J,6«, gold, 1892 A&o:68, golil, 1893 A&O;

N. Carolina—68, old, 1886-'98..J&J'6», old A&O6», N C. ER., 1883-5 J & jl6e, do A&O6«, do coup, off J & J'68, do coup. otr. A&O68, Fundinjr act of 1866 1900J&J6«, do 1868,1898A&068, new bonds, 1892-8 J&J5»' , do A&O68, Chatham RR A&O68, special tux, eUiss 1,1898-9A&0|6», do claaa2 A & Oi68, do olassS A & o'4e, new, 1910 j & j4fl, new, small

Ohio-tis. 1881 .V.'.j'&j_«»•!'*';•* J& Jfennaylvania-,59. g, '77-'78..F&A*58, cur., re/,'., 1877-'82 F&A08, new, resr., 189'->-1902 F&A68. lO-I:-., lei;.. 1877-'82 F & A

_J«'l-^ -">. res,-.. lsô-'92 F&ARhiHle lsrd-.,i», l>ii):j-9, coop. .J&J•louth CaroUu.i—Oe, .Vet of March (

2J. 18(iO. Non-tundable, 1888.. iBrowne consolsTennesaeo—68, old, l>-90-98 ..J &'

j|6«, new bonds, 1892-1900 ..J&J69, new series, 1914 J & Jra«t-due coupons

I

Texas—(is, miia M&si<8, gold. 1m;)J-19io M&SI7s,Kold. 1!KM J &Jt,

Vemiont-«». 1890 J & n'Vlrfftnla-fia. old, 1886-'95....J & J««, new bonda, 1886-1895...J & J•«, oon.aol., 190.1 j & j6«. do ex-conii., 1905...J & J'69, e.)ii«ol., 'id series J & Ji(w. defeirerl bonds. ...10-l(is. new ...

I

Tai-reeeiVHlili

Bid.

102^

ll:t3B

;imiilliHillliijKIDi:ii

i;i2

133131

70so9.')

82''8

100301.51«

15I3I9

131a134

100

95'

112lIUsIll's119

1137m)07

103117104lOi^109

109100103115118108109105105120SO110116112113109 "s

110111119I27I8103

1101101071'20

12112236is36I914514312512513132222

6%61aOlj

8885

1121a

1'20

9%103741s74's74:i»40110120125

3636120

4416531a'

Ask.

1021a

113»fl114:1,

11U"9iieî

77>a

98

100113113

72

1051171s10414

103 ig

116II8I4110111107

100

112

il3'120128106

89871a90

10

10673757547112125130

175 (la

•coupons I 91 1 93

STATK SKCIiniTIRd.

CITV SBCURITIBS.Albany, N. Y.—Ob, lung VarlousI7s loUK (

Allegheny, Pa.—48 J&J6a. 187(l-'90 J&J'Wharf 79, 1880 J4J'Allegheny Co., 58 J4J'

Atlanta, Ga.—78Do. 88Waterwork8

Augusta, Me.—68, 1887, nmn..FAAlAugusta, Ua—78 VariousAustin, Texas—10sBaltlmore-6s, City Hall, 1884 O—

J

68, Pitts. & (,'on'v.RR.,1886.. J&J6s, con .sol., 1890 Q—

J

68, Bait. & O. loan, 1890 Q—

J

68, Park, 1800 Q—

M

6s, bounty, 1893 M&86s, do exempt, 1893... M& 858, funding, 1894 M&N6s, 1900 J&J6s, West. Md. RR., 1902 ....J&J59, con,Hol, 1885 6—

J

6s, VaUey KR., 1886 A&O58, new 1910 M&N

Bangor, Mo.—69. RR..1890-'94.Var.l6s, water, 1905 J&JI6s, E.& N.A. Railroad, 1894. .J&JI68, B. & Pisciitaquia KR.,'99.A&OI

Bath, Mo.—68, railroad aid Vari58, 1897. municipal

Belfast, Mc—6s, railroad aid, '98..

»

Boston,M.oss.—6s,cur,long,1905Var168, currency, 1894 Var.59, gold, 1905 Var.l4s, currency, 1899 J&J

BrookljTi, N.Y.—78, '81-83....J & J78. 1883-95 J & J78, Park, 1915-18 J & J79, Water, 1903 J & J7s, Bridge, 1915 J & J68, Water, 1899-1909 J & J6s, Park, 1900-1924 J&JKings Co. 7e, 1882-'89 M&N

do G.s, 1880-'86 M&NBnflato, N. Y.—7s, 1880-'95....Var.

78, water, long Var.t68, Park, 1920 M&SI

Cambridge. Mass.—58, 1889...A&OI69, 1894-90. water loan J&JI6s, 1904, city bonds J&J

Charleston, 8.C.—6s, 9t'k,'76-98..(J-J78, Are loan bonds, 1890 J & J7s, iiou-tax bonds4s, non-tiixable

Chelsea. Mass.—68, '97,water l.F&AtChicago, III.—7s, water bonds, 189278, water bonds. 189578, city bonds, 189278, city bonds, 1895412S, city bonds, 1900Cook Co. 78, 1892Cook Co. .58, 1899Cook Co. 4iiS, 1900West Chicago 5s, 1390Lincoln Park 78, 1895West Park 7s, 1891South Park 6s, 1899

Cincinnati, O.—68, long... Var.l68. short Var.l7-303 Var.l78 Long!Southern RR. 7-308, 1902...J&JI

do 7-308,1906 1

do 6s, g., 1900 M&NIdo Cur. 6s, 1909. ...F&Afdo Skg. fd. 5s, 1930M&N t

do 48 J&DtHamUton Co., O., 69 t

do 7s, short I

do long 78 & 7-308.

1

Cleveland, O.—69. long Various I

Special 7s. 1879-'89 YearlylColumbus, Ga.—7s, Various Var.(JOTinjfton. Ky.—7-308, long I

7-308, short 1

88 1

Bid.

108120

1121181101071a111

lOU108117%117%116120124117126126100108125113118113113100102103128125121106 1410311014213914313013010610310211510910912112574

A8k.

116122

1081a114

118118

120

731a123122126122126107:^122100107%100 12109%115108

136136122122113105102

Dallas, Texas—88, 1904108, 1883-96

Dayton. O.—6s 1890 1

Detroit, Mich.—78, long Var.l78, water, long Var.l

District of Columbia—Consol. 3-6.58, 1924, coup.... F&AConsol. 3-038, 1924, regFunding 3s, 1899 J&JI

do small J&JIdo registered J&Jf

Perm. Imp. 68, guar., 1891.. .J&JIPerm. imp. 7s, 1891 J&JtWash.-Fund.loan(Cong.)6s,g.,'92lFund. hmn(I>eK.)6s,g., 1902 Varl

Elizabeth, N. J.—7a, short78, funded, 1880-1905 Var78, conaol., 1885-98 A&O78,1905

Fall River, Mass.—68, 1904...FA Al58, 1894, Kold F&AI

Fltchbiirir. .MaS8.-68. •91,W.L..J&JIFre<lerlckaburg, Va.—79 M&NGalveston, Tex.—lOs, •80-'95 ..Var.Galveafn County.lOs. 1901.J & J

Hartford, (;t.—City 6s, var. dates..!Capitol, untax, (is I

Haitford Town 4ia8, untax I

Haverhill, .Mass.—6s, '83-89.. A&OtHouston. Tex.—lOs

103105110

107%107 41

112112112116118U712340404040123IIII3U3113

10112010610830

126114121114115100 la

1041041301251a12112107110130145142146132135114115118120112111123127

124123

108 13123109 13108 13107109=8118109

135

137137124124no's1051a

120

U5115

12012012112745454545

yI2313113

'

113

10812610311035

CITT 8ECC«ITtK».

Houston, Tex.—(Continaed).

—

0= " • '

In.

I

Ml.—7-309,'93-99.J*JJcr ... water, lung, 1893..

7«. \.;iui. IM09-1002 J * J7a, improvement, 1801-'lii4 Var.7s, llergcn, loni; J A JHudson County, (Is AAO

do 79.MA8andJ&DBayonne City, 7b, long J&J

Lawrence, Mass.—6s, 1804...AA 01L<mK Island city, N.Y—W»ter,78,'95Louisville, Ky.—7h, longdate*, var.l7s, short dates Var.l68, long Var.l68. short Var.l58

Lowell, Haas.-6b,1890, W. L.H&MLynchburg, Va.—68 J A J88 J A J

Lynn, Mass.—68, 1887 FAAlWatorloan, 68,1894-06 J&J5s, 1882 MANI

Macou, Ga.—78Manchester, N.H.—58, 1883-'85JAJ I

6«, 1894 JAJIMempUs, Tenn.—6s, C JAJ68,AAB JAJ6s, gold, fund., 1900 MAN6s, end., M. & C. RR69, consols JAJ

Milwaukee, Wis.—58, 1891...J A Dl78, 1896-1901 Var.t79, water, 1902 J&JI

Mobile, Ala.—3-1-58, funded..M&NMontgomery, Ala.—New 38 . .J A J5a, iicw

Nashville, Tenn.—Os, old68, new

Newark—68, long Var.l78, long Var.l7s, water, long Var.l

New Bedford,Ma8S.—6s, 1909.A&OI39, 1900, Water Loan A.&O

N. Brunswick, N. J.—78 1

68 1

Newburyport, Maaa.—69, 1890.J&JINew Orleans, Iâ.- Premium bonds.Consolidated 6s, 1892 Var.

Newport—Water bondsN.Y.Clty—58, water stock,'90.(i—Fl

69, do 1883-90. ....Q—F69, aqueduct stock, '84-1911..Q—I-78, i>fpes and maiiia, 1900. .M&N6s, reservoir bonds, 1907-'ll.(i—

*

58, Cent. Park bonds, 1 898 ...Q -F6s, do 1895.. .Q—F7a, dock bonds, 1901 M&Ni6s, do 1903 M&N7s, market stock, 1894-97...M&N68, improvem't stock, 1889.M & N78, do 1890 ...M&NOs, gold, cons, bonds, 1901.M&N;63, street impr. stock, 1888.M & N7s, do do 1882.M&N6s, gold, new consol., 18967s. Westchester Co.. 1891

Newton—6s, 1905, water loan..J&J3s, 1903, water loau J&J

Norfolk,Va.—0a.re«.8tk,'78-85..J&J8.S, coup., 1890-93 Var.8s, water, 1901 M&N

Norwich, Ct.—58, 1907 A&Ol7s, 1905 J.&J

Orange, N. J.—78, long t

Oawego, N. Y.—78, 1887 1

Paterson, N. J.—78, long VaiOa, long58. long

Petorsb'org, Va.—68 J&JJ&J

BI(L

301101081131101071041081101211001201111101031a1021181061201101251alouia1051021211a404040405096 la

10811659

85

88.

88, special taxPhiladcilphla, Pa.-Ss, reg J&J*6s, old, rot JAJ6s, new,reg.,duo 1895 Aoêr.JAJ49, new

Pittsburg, Pa.—48, coup.,1913..J&J.58, reg. and coup., 1913 JAJ.7s, wat«r,reg.&cp.,'93-'98...AAO.78, street imp., rejc, '83-86 Var.

Portland, Me.—68, Mun., 1895. Var. I

68, railroad aid, 1907 M&SPortsmouth, N.H.—68, '93,RR. J&J I

PouKhkecpsio. N. Y.—7s, water (

Providence, R.I.—58,g.,i900-5.J&J I

Os, i;old, 1900, water loan...J & J6a. 1885 M& SI

Richmond, Va.—6s JAJ8s J&J

Rocii'estOTVH.Y.—68'.

'..... "... . .Var.

7s. water. 1903 J A JtRockland, Me.—68, 89-99,RR..FAASt. Josepti, Mo.—78 Var.Bridge 10s, 1891 J A J

3t. liouis. Mo.—6s, short Var.tWater Os, gold, 1890 J ADt

do do (new), 1892.AAOBisldge approach, 6sBanewal, gold, 6s Var.Slwer, 6s, gold, 1891 -'93 V«r.St.U Co.-Park, 6s, g.,1905..A A OCurrcncv. 7e, 1887-'88 Var.

3t. Paul. Minn.— 6s, '88-'90. . .J A D78,1890 MAN8s, 1889-96 Var.

Salem, BCass.-Os, long, W. L..AAO

»

5s. 1904. W. L JA.It

11511511912511310410011369751151081041061'28

120109118128122126107114

109'

104121109125113104122125113125HO1021161091041041171a1171a

130

1261081161231a1151161181281001131291a1051061231008595loO111113113112112118110103110

A«k.

38

110119112108105110HI1051231151121061a105IISH100126111126101110103123

62

96'

116117120130114107

iis"74

lisii109115120130122110119130123127103116

iio"1071231101271131a

115130

117110105 1«106

124117125II8I9130108113i«130106

lOOH

114

108115

* Price nominal ; no late transaoUoua. t.Porohasor also pays aoorued interest. t In London.

148 THE CHRONICLE. [Vol.. XXXIII.

GENERAL QUOTATIONS OF STOCKS AND BONDS—Coxti.vukd.

For Explanation* See Note« at Head of First Page of qaotatlona.

Cttt SECORmK*.

.Var.

Bid.

89.A&0tl07

! tl07ItlOSHs11125I (130fllOt

tll6

95105(1171(4lOeifl

I...

lOSJa

<lll 116114109126

l'24120

5ri

120 123(106123»«

• 1211a(137(IO4I21221s103OS95114(125

A8k.

113>a'll7120 1

12014115 II5I2(12mi 122I3(11910994111;108{116;i2i125112;115:H4

B. Francisco- 7s, ot.,Clty & CoBavannab funded 5«. oousolsBomcrville, Mass.—5«, 1895.

6», 1895 .J&J6»»«,1884 A&O

Bprini?fleld, Mass.—6», 190o..AiO78,1903, water loan AAO

Toledo, 0.-7-309, RR., 1900.M & Ngg Var.

88, water, 1 893 & '94 Var.

VasUngton, D.C.—S«« Dist. of Col.

WUmtaKton, N.C.—6b8a, gold, cou. on •

-

Worcester, Ma8».-68, 1892... A*06s, 1905 A&O48,1905 AAO

Tenkers. N. y.-Water. 1903RAIL,RO.tD BONDS.

Ala. Cent.— Ist M., 6s, 1918.. ..J&JIncome 6s, 1918 J4J

Ala. Ot. Southeni— l8t mort., 1908Alb'y A Susq.—lat M., 78, '88. .J4J2d mortRiige, 78, 1885 A&OConsol. mort., 78. 190e.guar.A&0

Allegh. Val.—Oen. M.,73-103..J&JEast, eiten. M., 78,1910....A&OIncome, 78, end., 1894 A&O

Atoh'n & Neb.—1st, 78, 1907. .MASAtch.A Pike's Peak—lst.78, K.M&NAtcn.Top.A.S.F.—l8t.78,s.,'99.J&JLand grant, 7s, «., 1902 A&O2d mort., 78, g.. 1903, conv. A&OIjand income, 88 J&JOnaranteed 78, 1909-. J&J&A&OB«, 100058, plain bonds. 19204Hw. 1920 A&OFlorence* El Dor'do, l8t.78.A&OK.C.Tonoka&W., l8t M.,78,g.J&J

do income 78.A&ON.Mex.&So.Pnc.,l8t,78,1909 A&OPleas't Hill &De Soto, l8t.78,1907Pueblo & Ark. v., Ist, 7s, g.,1903,Wlolilta&S.W.,lst,78,g.,gua..l902

Atlanta & Charlotte Air L., lat,~

Income. 68Baltimore & Ohio—Bs, 1885..A&Oflterlmg, 58, 1927 J&DBterllng, 68, 1895 M&SSterling mort., 6a, g., 1902. .MAS

do 68, g., 1910. M&RParkersburg Br., 6a, 1919.. .A&O

Balt.&Pot'c—Ist, 68, g., 1911.J&Jl8t, tunnel, 68, g., g'd, 1911.A&O

BelTidere Del.—l8t,G3,c.,1902.J&l)2d mort., 63, 1885 M&?8d mort., 6s, 1887 F&A

Boston & Albany—7s, 1892-5.F&A68,1895 J&J

Bost.ClintA F —1st M..,6s, '84,J&JIstM., 7s, 1889-90 J&J». Bedford RR., 78, 1894....J&JEquipment, 6s, 1835 F&AFram gham A Lowell—Ist, 53, '91Notes, 8s. 1883 :...

Bost.Conc.A Mon.-S.F.,68,'89.JAJConsol. mort., 78, 1893 AAO

Boat. Hart.A E.—Ist, 78, 1900.J&J1st mort., 7s, guar J&J

BostonALoweU- 78, '92 AAOitl2568, 1896 JAJimsNew 58, 1899 JAjl IO6I2

Boston A Maine—7s. 1893-91. J&JI112834Host A Providence—78, 1893.JAJ 1127Bost.&Revore B'h—l3t,68,'97.JAJ 116%Brook lyn Elevated—Bonds 75Buff. Br.-id.& P.—Gen.M.78,'96.J&J 100Buff.N.Y.&Krie-l8t.7s. 1910.J&DBufT.N.V.A Phil.—1st, 63,g.,'96.J&J ICO2d niortgiige, 78, g 105

Bur. C. K.& N.—l8t.5«.new.'06.J&Ii 102Bnr.&Houtliw.—latM..88,'95.MAN 60CairoA 8t.L.—Ist M., 78, 1901.AAOOalro A Vincenncs, 1909...Oallfor. Pac—lat M.,7a, g.,'89.JAJ f 1082dM.. 68, g.,endC. Pac, '89.JAJ 1033d M. (guar. C. P.), 68, 1905.JAJ 100

„ do do 38, 1905.JAJ 55Oamden A Atl.—Ist, 78, g., '93..JAJ 106eam.&Bur.Co.-l8tM..68,'97.FAAeanada 80.—lstM.,guar.,1908,JAJ 100%Carolina Cent.—Ist, 68,g.,1923.JAJ 96eatawissa-lst M, ,7s, 1882. .F&A .

Now mort., 78, 1900 FAA 125CetlarF.AMin.-l8t, 78, 1907.JAJ 115OedarR.&Mo.—l8t,7a.'91...F&A tH8v>_l8tmort., 78,1916 M&N (123Cent. Br. U. Pac. l8t8,03,'95.MAV 108Fund, coupon 78, 1895 MAN 110Atch'nCol. A P. Ists, 6s, 1905 Q 102Atch.Jew'lCo.AW.l8ts,68,1905Q 102

Cent, of Oa.— lst.con8.,7s,'93.JAJ' II6I0MaoonAAug.,2d,end.,7s,'79.J&J 109

Cent. Iowa—New 1st., 78 , '99. JAJ 1 15'^Inc. bonds," debt certs.", 78.AA0 80

Central of S. J.-ist M.,7a,'00.FAA78, conv. 1002. a».sented MAN i'la'Consol. M..78,1899, a.s8«nted.Q—

J

Acyustmcnt bonds, 1903.Income bonds, 1908 MANAm. Dock A Imp. Co., 78,'86 JAJ

do a.s8entedLeh.&Wllke.8b.Coal.ino.,'88.MAN

92110108110130135

105120118114ii109

1241221401051s123IO3I398I396llli«127

(129III7I21021109(112102(93

10714(11877%

Consol., 7s.gold,1900.n8.<'d.Q-MBent. Ohio— i8t M., 68, 1890 ..M&SOmt. P!»citlc_i8t,6a, g.,'95-98.JAJBtate Aid, 78. g., 1881 JAJ«k Joaquin, 1st M.,6s,g.l900.AA0^|- AOregon, Ist, 6a, g., '88.JAJ

105%99

1351359011111312115%

kOr. C.P.bond8,69,g.,'02 J&J|«iia grant M., 6s, g., 1890.AAO

JJ««*- ™;lf-. l8t, 68, g., '99. J&JCfcarl'te Col.AA.-Cona..7s.95..rA.l

112107%!10S106110108

120109 13961121091181231-27

117116

110

1291s119104

931s

108U8ia80

125 15

116107

912911780110

102%

108

100 >4

101

120123 Is

103

118

Railroad Bonds.

Charlotte C0I.& A.—<Continued).—2d mort., 78, 1910 J&J

Cheraw & Darl.—Ist M.,88,'88.A&02d mort., 78

Clies. A Ohio—Pur. money fd.,1898Series A6a, gold, series B, int. def. 1908.

.

68, cari-ency, int. deferred. 1918.Cheshire -6s, 1896-98 JAJChic. A Alton—let M., 78, '93..JAJSterling mort., 68, g., 1903..J&JIncome, 7a. 1883 A&OBda. Kan. C. liue.Gs.g., 1903.M&NMiss.Rlv. Bridge, lst.,8.f.,6s,1912

Joliet & Chic, 1st M.,83,'82..J&JLoiiia'a&Mo.R.,lst,7s,1900F&A

do 2d, 7s, 1900 MANSt.L.Jaoka'r.A C, l8t.7s,'94.A&O

do l8t guar.(564),7a,'94A&0do 2dM. (360), 78, '93..JAJdo 2d guar.( 183) 78,'93.J&J

Chic. B. A Q.—lat, S.F.,88, '83.J&JConsol. mort., 78, 1903 J&JBonds, 58, 1895 J&U53.1901 A&D48, 1919Bur. A Mo. R., I'd M., 78,'93.A&0

do Conv. 8s. '94 ser.J&JBur.&Mo.(Neb.), lat,63,1918.J&J

dododododo

Bid.

105116106110

88691s

till113;ii7101 Is

11412103

Aak.

103

90emmis

i'ig'

1151s107

iijo'

llO's 1201181s 120

106

(103105%94118(155tll7135tioeis11413^115

11685121

iVsU1061s100136136961s11311411613

1101061s112is|110

12593I311812811855

IO7131091s107

1114(114

135

120108124123122

1261251221061s95107

98

11010614133

llOis127i£126

8s, conv.,1883.J&JCons, 6a, non-ex..JAJNeb. RR,let,78,A&0

0m.AS.W.,lst,88,JAD4s

Dixon Peo.A H.,lst, 88,'74-89JAJOtt. Oaw.A Fox R., M.,83,'90.J&JQuincy&Wars'w, 1st, 88, '90.J&J

Chic. & Can. 80.—lat, 78, 1902 A&CChic. C. Dub & Minn.—78, 19101J&JChic. A East 111.—Skg. fd., cur. 190"Income bond'!, 1907

Chic. A Or. Trunk—Ist mort.. 1900Chic. & Iowa—2d M., 88, 1901.JAJChic. I'aA Neb.—lstM.,78,'92F&ACbicA Mich.L.Sh.—Ist, 83,'89.M&SChic. Mil. A St. Panl-Pao. Div., 1st, M., 83, 1898. FAAP. D., 2d M., 7 3-103, 1898. .F&ASt. P.&Chic, 78, g., 1902. ...J&JMil. A St. P., 2d M., 78. 1881.A&0La. C, IstM., 73, 1893 J&JI. AM., l3tM.,78, 1897 JAJI'a. A Dak., lat M.. 78, 1899.J&JHast. ADak., lstM.,78, 1910.JAJChic. A MU., 1st M.,7s, 1903.J&Jl3t mort., consol.. 78, 1903. J&Jlat M., I. A D. Ext.. 7s, 1903J&Jlat M.,63, S'tliwe3t Div.l909J&Jl8t M., 53. La C. A Dav.lOlOJAJSo. Minn. Ist 68,1910.; JAJChic. A Pac Div. 6a, 1910

do West. Div,, 53,1921.JAJMineral Ft. Div., 5a, 1910...JAJ

(;hic.AN.W-Sink.r.,l3t,78,'85F&AInterest mort., 7a, 1833 ....M&NConaol. mort, 78, 1915 Q—

F

Exten. mort., 7a, 1885 F&AIst mort., 73, 1885 F&AConsol., gold, 7a, op., 1902..J&D

do do regSinking fund, 6a, '79, 1929. A&O

do do regIowa Mid., Ist M., 8s, 1900.A&OOal. A Chic, ext., lat, 7a,'82.F&APeninsula, lat, conv., 7a,'98.M&SChic. & Mil., lat M., 7a, '98..J&J

Chic.R.I.&Pac—68, 1917,coup.J&J6s, 1917, reg J&JChic.&3:W..l8t,78.guar.,'99.M&N

Chic. St. L.&N.O.—l8tcon.l897,782d mort 6s. 1907 JADTen. lien, 78, 1897 MANMiaa. Ceu., Ist M.,78,'74-84.MAN

do 2d mort., 88N.O.Jack.AGt.N.,l8t.,8a.'86.JAJ

do 2d M.,88,'90,ctf8.A&Odo 2d mort. debt AAO

Chic.St.P.Min.AOm,—Con. 63, 1930Ch.St.P.AMinn. lst,6a,1918MANLaud grant, inc., 6s, 1898M&N

North Wiac, lat 69, 1930 J&JSt. Paul&3.City, lat 6a,1919.AAO

Chic. & Tomah.—.Scrip, all paid ..

X80paidCln. Ham. ADayt.- 2d, 7a, '85 J&JConsol. mort., 78, 1903 A&O

do 68, 1903 AAOCin. H. A I., Ist M., 78, 1903.JAJ ( II3I4

Cin. I. St. L. A Chic—Cou. 69, 1920Ciu.A rndlan.i, lat M.,78.'92.JAD

do 2d M.. 7a.'82-87.J&.lIndianapolis C. & L., 78 of '07Ind'apolisA Cin., l8t,78,'8S.A&b

Cin. Laf.& Ch.—l8t, 78,g.,1901.MASCin. Rich. &Chic.—1st, 7s, '95.J&JCin. Rich. A F. W.—1st, 78, g. . .JADCin. Sand'ky A CI.—68, 1900. .FAA78,1887 extended MASConsol. mort., 78, 1890 JAD

Cin.&3p.—78,C.C.C.A 1., 1901.AAO79, guar., L.8.A M.S., 1901. .AAO

Clev. Col. C. & I.—Ist, 78, '99. MANConaol. mort., 78, 1914 JADBelief. A Ind. M., 7s, 1899...J&J

Cnov.&M. Val.—lat, 78. g., '93.FAA8. F. 2d mort., 78, 1876.. .MAS

Clev. A Pitts.—4th M., 63, 1892.JAJConsol. 8. P., 78, 1900 M&NCCA I.e.—lat con9.,7s,1908.A&O2d mort., 7a, 1909 F&ATrust Co. cert., Ist, aas'd

do do suppleraentary.iIncome 78, 1890

1061s1321051a108951191601171s150107

R.VILROiD BOSDS. Bid. Ask.

C. C. A I. C.-(Continued).—Chic. & Gt. K.ast., lat, 73,'93-'95.Col.&Ind. C.,lstM.,7s,1901.JAJ *115 118

do '2dM..7s, 1901.MAN|*108 114Un.& Logan8p.,l8t.73, 1905.A&Oi*112 118T. Logansp. A B., 7a, 1884. .FAA nol 104Cin. & Chic A. L., 18S6-'90 *100

Columbia A Green., Ist 63 lOtia 105ifl2d mort

I94is 95

Col. A Hock.v.—IstM., 73,'97.AAO!H12i3 .

2dM.,78, 1892 J&J (1061s .

Col. Springf.AC—lat. 78.1901.MASCol. A Toledo—lat mort. bonds it 1202d mort 1 115

Col. A Xenia—lat M., 79,1890.MA3 i

Conn. A Passump.—M., 78, '93.AAO tllSkMasaawlppi, g., 69, gold, '89 JAJ tlOS

Conn. Val.—lat M.. 73. 1901. . .JAJ 60Conn. Weat.—lat M., 78, 1900.J&J . 35Connecting (Phila.)—lat, 63 . .M&SCumborl'd A Penn—lat 6a,'91 .MAS2d 69. 1888 M&N

,Cumberl.Val.—lat M.,88.1904.A&O *

Dakota Southern—7s. gold,'91,F&A 193Dimb'y ANorwalk-78. '80-92..JAJ 100Dayton & Mich.—1st M., 7a, '81.J&J I

2d mort., 7a, 1837 M&9 t

110123100120125127

t

113103113107107112116117

112

1131s113

t.

t.

(Ill

(110(107tll3

1121stl03(lot(103103

112128

* Price nomliua;no Ute transMUonii. t The purohaser also pays accrued interest

1237913

126941191s12911960108IIOI2'109

116

123

1181s

1251s

9513103109100100112

109

128111111

I27I3129130

112

110110115120120101

114115

110

126

1251181s116%109

3d inort., 78, 1888 A&O t

.

Dayt. A West.—1st M.,63, 1903.J&J1st mort., 7a, 1905 J&J

Delaware—Mort. ,6s, guar., '95.JAJDel.A Bound B'k—1st, 78,1905FAADei.Lack.A W.—Conv.7s,1892 J&DMort. 78. 1907 M&S

Den.A Rio G.—lat, 73, g..l900.MANlat consol. mort. .78. 1900 J&J

Dcuv.S.P.A Pac—l8t,7a.1905 M&NDea M. A Ft. D.—1st, 63, 1904.JAJIst inc., 6.9, 1901

Detroit& BayC—lst,89,1902.M&S 100Ist M., 83, end. M. C. 1902. M&N ill5

Dot.O.HavenAMil.—E(|uip.<;s,1918 tUSCon.M.,5:<tlir84, after 6,<.. 1918 !112Det.&Pontiac, Ist M.,69,'86.A&0

Det. L.&North.-lst,73.1907.AAO II22I2

Dub. A Dak.—Ist M., tis, 1919.JAJDubuqueA SiouxC—lat.7a,'83.JAJlat mort., 2d Div., 1891 J&J

Dunk.A.V.&P.—l8t,7a,g..l890J&DEast Penn.—l3t M.,7s, 1888. .M&SE.Tenn.Va.AGa.—lst,78.1900.JAJt.

lat mort., consol., 53, 1930 ..JAJ 86"4Income, 63, 1931 61E. Tenn. A Oa., lat, 63,'80-86.J&J 1 101E.Tenn.A Va.,end.,63, 1886.M&N 104

Eastern, Mass.—4is3, g.,1906.MAS (lUisSterling debs., 63, g., 1900.M&S $107

Elmiia& W'mapt—lat, 63, 1910.J&J . - -

.

5a, perpetual A&O 1 00Erie A Pittsb.—1st M., 78, '82.JAJ 1 101Cons, mort,, 7a, 1898 JAJ 112Equipment. 7s, 1890 A&O 90

Evan9V. A Crawf.—1st, 78, '87.JAJ 103Evansr.T.H.AChi —lat, 79, g.M&N 't 102

1031071s100

124118

118%1086140

100

109

120

118

120116%109 1311080

117120114

123

104110110

120

107112109

115

113106100liO

(102%53

1121s11313107114

115

1121s105104109121

127125

140

12512580i«

Fitchburg-5s, 1899 lOSis63, 1898 AAO 11973, 1391 AAO 129

Flint A P.Marq.—1st m.,l.£t.8aM&NMortg. 6a, 1920 .....A&OFlint A Holly, lat, 10a, '88.M&NBayC.A E. Sag.—lat, 103„S2.JAJHolly W. A M.—1st, 89, 1901.JAJ

Flushing & N. 8.— 1st, 7, '89. .M&N2a mort., 78 MAN

Ft. Madison AN. W., l3t 78,g..l905Ft.W. Muu.AC—Ist, 7s, g.,'89.A&OFrankfort A Kokomo—lat, 7a, 1908 ...

Qai.Har.AS.A.—l9t,6a,g.l910.FAA ....

lat La Grange, ex Oa, 1910. F&A 1092d do 7a, 1904 JAD IO9I2

Gal.Hou3.AH.—lat,7a,g.,1902.JAJ 75Georgia—78, 1876-96 J&J tl2263.:........ fiio

Gr.Ran. A Ind.—Ist, l.g., g'd, 7s, g. 115Ist M.,78,l.g.,gold,not guar.A&O 113Ex land grant, lat 7s, '99 101 is

Gulf Col. &8. Fe— ist, 78,1909 J&JHaunibalA Nap —Ist, 7s, '88.MANHan. A St. Jo.- Conv. 8s, 1885 . MAS 1 13Kan.9. C. A Cam., lat, 103.'92.J&J 123

Housatonic-lat M., 7e, 1885. F&AHoust. E. & W. Tex.-lat, 78, 1898 .

105Houst.&Tex.Cen.— lat M.,7a,g'd,'91 111West. Div., Ist, 7a, g., 1891.JAJ 110Waco A N. W., lat, 7s, g.,1903.JAJCons, mort., 88, 1912 A&OWaco AN., 8a, 1915Gen. mort. 68, 1921 AAOIncome A Indeni. 78, '87. . . .MAN 100

Hunt. A Br.Top-lst, 73, '90. .AAO2d mort., 78, g., 1895 F&A 113Cons 3dM.7s, 1893 A&O

m. Cent.—1st M.Chic& Spr.'98J&J ill2Sterling, S. F., 5a, g., 1903. .AAO JlOG8terllng,gen. M.,63, g., 1895.AAO :116

do 58,1903 JAD !107m. Grand Tr.—lat M.. 83. '90.A&O 117(ud. Bl. A W.—l8t. pf.. 79, 1900JAJ 123

l9t, 33, 4a, 5a A 69, 1909. ..A&O2d M., 3a, 48, 5s, & 63, 1909. AAOIncome, 1919

tn'pi.lia D.A 8p'd—lst,78,1906 A& 32d mort.. Income, l906 J&J

Ind'polisA 8t.L.—l8t,78, 1919. Var. 1032d mort., 78, 1900 A&O 70

Ind'apolisA Vln.—lat, 7a,1903.FAA 1 1

1

2d mort.. Ga, R.. guar., 1900.M&N 102Int. A Gt.North.—lat,63,1919.M&N 1 122d mort.. income, 83, 19092d aaseuted income, 68, 1909

lonlaA Lansing—1st 83. '89. ..JAJ 118towaCity&Weat.—lat,78,1909.M&3I'a FalU &SiouxC—lat, 7a,'99A AO.t 121

10510510712012914

110

115"

114

65

107

80124112122

106120

125

110

112

132

106101

114108118109118

9685

109'

7011080

112>9102100 Is

U8is

1211s

! In London,

AuousT 8, 1881.] THE CHRONICLE. 149

QENEUAL (JUOTATIONS OF STOCKS AND BONDS—Co.vtinukd.For BxplanmtloB* See Notea at Heal of Flret Pace of Quotatloae.

Railkoad Bomds. Bid.

05lOJ

IJO

122

A«k.

lis

114HO

40110no103 >9

70

89

112

127

116

131ISO's127 >s

137>a122

118

ids

Itbaoo Sl Ath».nii.-liit m.. 7»,K.JAJ 105Joffenioii Hnwry Br. 78. •87..JAJ 106

l«tim)rt..78, ISSn JiJ 110Jpff. Miul..* riiil.-l»t.7».li>0«.AAO t.

2dmort.,7i<. 1910 JAJ •Jnnotlon KK(Hlill.)-l»t,68.'82JAJ

2(1 111 or t., I'm, 1900 A&O 123K.C.Kt.8(0tt.(t (1 -l«t,7»,l908 J&D USVsK»iu.a» V. l.HWr A Ho. UtAl. litOO 10»\K.a8tJoii.*C.B.-M.7».1907..J>tJ t Ii3

K»iu«u> & Ncl>ra«k«-l8t mort »i2<lmort ;• ,'V!

KeokiikA DBS .H.— l«t..'5ii. ininr.AAO )ij^;

L. Krie A Wont.-lsl, 68,19 10.FAA 109Inoomc, 7». 1899Sandimky Div., 6a, 1919 ...F&A

ilo Incomo. 1920Laf.Bl,AMun.,l9t. 09,1919. MAtN

do Itifome, 78, 1899.Lake Shore & Mich. 8o.-M.So.* N.I., 8.K.,l»t,78,'8.'5.M,(tN

Cleve. &Tol., l8t M.,78, 'HS.J&J 109do 2d M., 79, 18,S6.A&Oi 1 1

CI. P. &A8h.,iiew79, 1892..A.tO inBafl.&E.,nBwbds,M.,78.'98.AAO 121Buff, it State L., 78, 1882....J&.IDet Mod. <& Tol., l8t, 78, 1900. .

.

Jamoat.& Frankl..l»t,78.'97.J&Jdo 2dM.,78,'94.J&D

KaIam.azooAl.&Or.R.,l8t.8s..I&JKal.Jt .«i-lioi)UTnft. l9t.Ha.'H7.JAJKal.A Wh. l'iKCon.l8t.78.'90..J&JDividend bonds, -8, 18<'9...AAOL.B.i)i2I. 8., oon8.,cii..lst,79.JcSiJdo con8.,reg.,l8t.78,1900.Q—

J

do t..m8.,op.,2d.79,1903..JA-D 120do cous.,reg.,2d,79,190rt.J&D 120

Lawrenco— l8t mort., 7b, 189.5.FiALolilgb .t Look.—lat M.,78. 97.F&ALobigb Val.—l8t,6«,ooup.. '98. J<tD

l8t moit., at, re«.. 1898 J&D2d moi«., "8, 19i0 M&SGen. .M.. 9. r.Oa.B, 1923. ...J&D ;118Delac" l-dCo.bd».end.,78,'92.1&J

LKtle Mi\mi—latM.,68,1883.M&N H03L.ROCK& Kt.8.— l9t,l.sr.,78'95.JAJ 117UtUe Solmvlkill— l8t, 78, '82.A&O 9'>

Lon^ l8tand—lat M.,78, 1898.M&N2d mort. 79, 1918 103NcwtOivii A Fl., l8t, 78, 1891 90N. Y. A- Rockawny, 7s, 1901.A&O 90SmltlifnA Pt. Jeff., 78, 1901.MiSI 90

Lou'v.C.ifc Lox.— l8t,78,'97 JiJ(ex)2d mort.. 78. 1907 AAO

L<»utov.&X.-Con.l8t78,1898.A&0 I23I3 124fld mort., 78, e., 1883 M&N 100>»CeolUan Br., 78, 1907 M&S 112LoulaviUe loau, Gs, 86-'87 . .A&O 10)Leb. Br. Loulsv. I'n, 68, '93. . A&O 107Hera.& 0.,8tl., M.,78, g.,1901J&D :124M.&CUrk»v..efK,68,i?.,1902 F&A UiyN. O. & Mobile. Ut 08. 1930.J&J ...Peusacola Div.,l8t,08,1920..M&a 1008t.Loui8Div..l9t, 08, 1921 .M&S 1C5

do 2d., 38 .1980.M&8 OOiaKaeh. A Dec., l9t 78, 1900...J&JK. H. &N., l8tB8, 1919 J&D 1020«n"l mort.. 68, 1930 J&J 105

I/«T.N.A.&Chic.— Ist.es.lOlO. J&J 106Maine Cent.—Mort. 78, 1893. ..J&J 1123Exten. boDda, 68, g., 1900...A&O mlOOM. 78.1912 A&O 1 120Alidroacog.& Ken., 68, 1891.F&A tillLeeda & Parm'gfn, 68, 1901.J&J tillPortl'd & Ken., l8t. 68, '83 .A&0|l 103

do (;on«. M., 6a, '9.5.A&0: 111Han.BoiU-h Imp ,lim.,79, 1909,M&.SN.Y.& .M:ui. Beach, lat 78.'97,J&J

Marlottu &. Cm —1st M..7s. 'OlFv'kA 1203t«rliu)f, lat M., 78, g., 1891.F&A 1202d mort., 78, 1896 M&N 87%3d mort., 88, 1890 J&J 48>4Boloto 4 Uock.Val., lat, 78..M&NBait Short L., lat, 78, 1900. .J&J 110Cln. &Balt., lat, 78, 1900. ..J&J 110

Uarq'tte Ho.& O.—Mar.i 0.,8s, '92 1 136«, 1908 M&S 100%

Ma88. Central— l8t, 68, 1893Momphla & Charlcaton-lat coiiaol. 117l8t,ooim..TeuD. lien, 78.1915 J&J; 117

Mem.& UR'ck— l9t,49 (8a .ifter '821 115Metrop'u Kiev.—lat, 68, 1908. J&J loo's2d 69, 1899 M&N SS"*

Mexican National 09'aailoh. tVn.-lat M., 8s, 1882. .A&O 105Con801..78, 1902 M&N 129latM. on Air Line, 88, 1890.J&J it 119Air Line, lat M., Sa, guar. ..M&N! 115Equipment bonds, Sa, '83. . .A&Oi ....Od. Riv. v., l8t 88, guar.,'86.J&J 113%68. 1909 M&358, coup., 1931 M&85«, reg., 1931 M&S 101'4Kalainiaoo&S.H.,Ut,39,'90.M&N 115J.L.&Sag.l8t,89"85,"wh.bd.s"J&.I llll'4

do NorthEnt.Sa.'OO.M&N tl09do Cona. M.,88,'91....MAS no'sdo 68,1891 M&8

JoUet&N.Ind..l8t,78(guar.M.C.) t

Midland of N. J.— let mort 93Income, " A." 16

do "B." .....". 12Mil.U3.& W.— l8t M..03,1921.M'&N 106

let, incomesMU. i No.-let. 1-5^58, 19 10. .J&D .'.'.'.'.

Mlnneapolta & Duluth.— lat 78Uinn. & St. U— l9t M.. 1927..j&b 120

lat M., Iowa cnty& W., 1909.J&D 120Ut mort., C. R. I. F. & N.. 1920. . 104MUe.&Tfnn.-l8t M.,88,8erle8 "A 134«». »«'1''« ' B" J&JtI20

Mo.K.4T-Coiia.a»8..1904.6.FAA| 107H) 108«»ongolidated 6*. 1920 J&D ' 93

112%1061081'26

121104

63120

106107125112122112112104113100106'a

Railroad Bonds.

1238849

120101

120

120100^49072'a

Bid.

11914117

114

105lOSiflUS'!112111117«9

981914

107

101

Mo. Kan. & Te«. -(Continued).—1st, Us. g., 1899. (U. P. 8. Br.)J&J2d mort.. Income, 1911 A*0Booiiev'c B'ge,79.guar,1908.M&NHan. & C. Mo., lat 7a, g.,'90.M&N

do 2d. 1892... M&N.Mo.Pac— lat mort.,6s,gld,'88, F&ACnnanl. 68, 1920 M&N2d mort.. 78, 1891 J&JCur. B.. lat mort., 68, g. '93..A&O3d mortgage, 78, 1906 M&NIncome, 78, 1892 M&8

Mob & Ala. Or. Tr.— 1 at. 7.s, g'Id,'95Mobile A O.— 1st pref. dnbenturea.

.

2d prof. dehentuiXMi3d prcf. debentures4th prcf. debenturesNew mortgage, 68, 1927

Morri8&I5«9ex-l8t,78, 1914 M&N2d mort, 79, 1891 F&ABonds, 78, 1900 J&JGeneral mort., 7s, 1901 A&OConsol. mort., 7s, 1915 JAD

Nashua & Low.—68, g., 1893.F&A58, 1900

Na8hv.Ch.& St.L.-lst, 78,1913 J&J2d mort., 68. 1901 J&JIst, Tenu. & Pac, Os, 1917... .T&Jlat, McM. M. W.&A.,6.9,1917.J&J

Na.8hv.&Deoat'r.— l8t,78.1900.J&JNatchez Jack. & Col.- l8t, 7s, 1910NevadaCen.— lat 68, 1904...A&ONewark & N. Y.—lat, 78, 1887.J&.INew'kS'set&S.—l8t,78,g.,'89.MANNewburg I>. & Conn.—IncomoN'burgh&N.Y.— l8t M. 78,1888.J&.IN. J. Southern—lat M.,now 6s.J&JN. O. Mob. &Tex.—Deb.6crip.I930N. O. Pac.— l«t, 68, gold, 1920.J&JN.Y. & Can.-£ M.. 69, g., 190 l.M&NN.Y.C.& Hu.l.—M.,78. CP.1903.J&JMort., 78, reg., 1903 J&JSubscription, Os, 1883 M&NSterling mort., 68, g., 1903. ..J&JN. Y. C, premium. 69, 1883.M&N

do 68, 1887 J&Ddo real eat., 68. 1883..M&N

Hud. R., 2dM.,79., 1885....J&DN.Y.CitvA No.-Gen'l,68,1910M&NN. Y. Elevated.-lat M., 1906.J&JN. Y. & GreenWd J^ake.-lat M., 682d mortgage

N.Y.&Harlem—78,coup.,1900.M&N78, reg., 1900 M&N

N.Y.L.E.&W.—l8t,78.'97,ext.M&N2d mort. exten., .58, 1919 ...M&S3d mort., 7s, 1883 M&S4th mort., ext., 78, 19'20.. ..A&O5th mort , 78, 1888 J&Dlat cons. M., 78, g..1920 M&SNow 2d cona. 68, 1969 J&D1 St con (. fund coup. ,78, 1920 M&S2d coci. f'd cp., 59, 1909 J&DGoldi ncome bonds, Os, 1977.

.

Lon? Dock mort.. 78, 1893. .J&DN.Y.& N.Eng.—l9t M., 78, 1905J&JIstinort., O9, 1905 J&J

N.Y.N. H.&Hart..H.&P.l8t,78.A&0N.Y.Pa. & O.—l8t ino.ac.,5-78,190)

do prior lien,lnc.ac.,3-68,'952d mort3d nmrtL'sed L.rental tr'8t'73,Tru8.cer.7aWest. ext. certlfs, Ss, 1876..J&J

do do 78, guar. ErieN.Y.Prov.&B'n—Oeu.78, 1899 J &.INorf'k &W.—Uon'l M.,Gs,193l M&NNorf'k & Petersb., 2d, 89. 'i)3.J&JSouth Side,Va..l8t,89,'84-'90.J&J

do 2d M., Os,'84-'90.J&Jdo 3d M.. 0s.'8S-'90.J&J

VIrginia&Tenn., M.,08, 1884.J&Jdo 4thM.,88,1900.J&J

North Carolina—M., 6sNorth Peun.— 1st M., 68, 1885.J&J

2(J mort., 7e, 1896 M&N03n. mort., 7s. 1903 J&J

Noith Wise- 1st, 68, 1930 JiStJ

Northea8t.,S.C.—l8tM.,88,'99,M&S2d mort.. 8s, 1899 M&S

North'n Cent—2d mort,08,'85.J&J3d mort, 68,1900 A&OCon. mort, 68, g.,coup., 1900.J&Jlis, g., reg., 1900 :. A&OMort bon<l9., 58, 1926 J&JCon. mort, atg. Os, g., 1904...J&J

Northern, N.J.—Ist M.,68,'88.J&JNorth. Pac, P. D'O Div.—Os, M&3.Bond certiHoates, 68, 1021Geu'l 1. g., lat, 09. 1921 J&JGcn'l I. g., lat, Os, reg J&J

Norw'h&Worc'r—lat M.. 6.8. '97.J&JO.rd'nsb'g&L.Ch.-latM.G8,'98,J&J

S. F., 88,1890 M&SCou.sol. ,69. 1920Income, 1920

Ohio Cent-l8t,mort.,68,1920, J&JIncomea, 1920latTer'l Trust. 68, 1920 J&J

Ohio&M1.88.—Cons. S. F. 7s, '93.J&JCons, mort., 78, '98 J&J2d mort., 78, 1911 A&Ol8tmort.8pringf.Div.,1905 M&N

Ohio Suutlicrn— lat Os, 192 1 . . .JAD2d income, 68. 1921

Ohlo&W.Va.—l8t.8.f.,7s,1910M&NOld Colony—68, 1897 F&A

68, 189a J&D78, 1895 M&S

Greg. & Cal.—Frankfort Com.Reo08W.&Rome—l8t M.,78, 1915.MANPanama—Stcrl'g M.. 78. g. '97.A&0Sinking fund aub., O9. 1910 M&N

82%

107 'a112

100>371

112143118lie's123

1110103

97's102107113

i'02'103

:iio138ISOJa

tiizi"

Ask.

113

iio108 ><

113

120

10172>46464I12»s

120'4

120125112107119

105

37 '«

107

IO913

iio

1105917

10910911033IIOI3133102

113

121131121s

5513;iio:23UiiflS28;95198

tl30lOOi*1131101021a10310211898

IO713

124

10011213S38

i'o'i

123IO512

110

95

6119

133

133=8

92126123112%

5711224121a32103100

107

10612199 14

Railroad Bonot.

125119108119lljia1191011131atlOOllOlifl

110

103'*

117107 la

H0510358711a100SSI*09

120

9640

11081120tllO'atl29:««108:i23

no's

102llGifi105102 'a

lOHa

118109105 1410172'aIOH450%103123

124U89745I3110120 '4

1201291a<>8

112125110

Panama—(Continued).

—

Hubsldr bonds. Bag. Issnx, OsParis&DanvlII»-lsiM.,7s .1903.Parls&Oeo't'r-lstM.,78,g.,'92.J&JPokin Un.A Dec—lst,78.!900 F&APenna.—Gen. M..08,cp., I910Q-JGen'lmort., (Is, reg., 1910. A&OCons, inort., Os, reg., 1905 ..Q—M

do 68, coup.. 1903..J&DPenn. Co., 69, reg., 1907....O -J

do lstM.,4ia8, 1921.J&Jdo Ist mort, 4 laa, reg

Pcnn.AN.Y.-lst.7a.'96All>06.JADPeoria Dec.&Kv. -l8t6s,I920,JAJIncomes. 10'20Eranarille Div., 1st 6s,19'2i>.M&8

do Income, 19*20Peoria Pekin & J.— 1st, 78, '91 JAJPerkiomen— lat M., 68,1887. A&OPetcraburg-lst M.. 8»,-79-'98.J&J2d mort.. 88, 1902 JAJ

Phlla. A Erie-2d M , 7s, 1888.J&JGen. M.. guar., 69, g.. 1920. .JAJBunburv&Erle, lat M..78.'97.AAO

Phila. & Reading— lat, 68, '80. J&.I2d mort, 78, 1893 A&ODebenture, 1893 J&JMort., 79, coup., 1911 JA"DGold inort., 68, 1911 J&DImprovement mort.,68. 1897Gen'l mort., 09, G. C, 1908..J&JNew convertible, 7s, 1893. . .J&JG. a. f., $A£.68,g..l908, x cpa.J&JScrip for deferred "a coupons .

.

Coal & I., guar. M., 78, '92.. M&SIncome mort, cons. 78, '96, J&D

Phila.Wil.&Balt—68, '92-1900A&O58, 1910

Pittsb.C.A St.L.—l3t,7s, 1900.F&A2d mort, 78, 1913 A&O8tenbenv.& Ind., Ist, 69.'84 . Var.

Pitt9b.&Con'll9V.—l8tM.79,'98.J&JSterling con9. M., 69, g., guar.J&J

Pittsb.FtW.& C.-l9t, 78, 1012.J&J2d mort., 78, 1912 JAJ3d mort, 7a, 1912 A&OEquipment, 88,1884 M&S

Pitts. Titusv.& B.—New 7s.'96FAABuflf.Ch.L.&Pitt.lst,7s.l909 M&NOil Creek, 1st M.,78, 1882... A&OUnion & Titusv., 1 st, 78. 1 890.J&JWarren & Fr'kln, 1st, 78,'96.F&A

Portl'nd&Ogb'g—l8t68,g.,1900J&JVtdiv., Ist M.,69,g., 1891. .M&N

Port Royal & Aug. -lat, O3, '99.J&JIncome mort, Oa, 1899 JAJ

Quincy Mo.A P.—latOs, guar., 1 909Ren.&S'toga—l8t78,1921 cou.M&N

l9t, 79. 1921, reg M&NRichm'd & Allegheny—let, 78, 1920Rich'd&Dan.—Con..69,'78-90.M&NGeneral mort, 68' goldPiedmont Br., 8s, 1888 A&O

Rich. Fred. & Potomac—68, 1873. .

.

Mort, 78. 1881-90 J&JRich. & Peterab., 89,'80-'86...A&0New mort. 78, 1913 M&N

Riohmond York Riv. & Chos., Sa...Rooh. & Pitta., Ist, 68. 1921...F&A

do Income. 1931RomeWat'n&0.-B.F.,78,1891.J&D2d mort, 7a, 1892 J&JConsol. mort, 7a, 1904 A&O

Rutland—Ist M.,'6s, 1902. ...M&NEquipment, 2d mort, 5s F&A

St Joseph & Pacif.—Ist mort2il mort

9tL.Alt.&T.H.—1st M..7a, '94.J&J2d mort., pref.. 7s. 1894 .... F&A2d Income, 78. 1894 M&NDiv. bonds. 1894Bellev.&S.IIl.,l9t.S.F.88,'96.A&0

9t Ix>ui8 & I. Mt.—lat. 78. '92,F&A2d mort, 78, g., 1897 M&NIst 78, inc., pf. Int. accumulative2d 6s, inc., int. accumulativeArk. Br. 1. gr, M., 78, g., '97.J&DCairo Ark. & T.,l9t,79.ir.,'97.JADCairo &FuI.,l9t.l.g.,78,g..'91.J&JGen. con. r'y & 1. g.. 59.1931A&0

8t.L.&3anP.—2dM.,cla.8sA,'06M&N2d M., class B, 1906 M&Ndo clasaC, 1906 M&N

South Pacltlc—lat M, 1888 .JAJP. C. & O. lat, 6a F&AEiiuipment 7s, 1895 J&D

3tL.Vand.&T.H.-l9tM.,79,'97.JAJ2d mort, 79, 1898 M&N2d. 79, guar.. '98 M&N

8tP.Minn.&Man.—l8t 78,1909 J&J2d 6s. 1909 A&ODak. Ext. 6s. 1910 M&N

St. P. & 8. City—Ist 68, 1919. A&OMort on new lines

SanduskyM.&N.—lat 78,1902.J&JSavauiuih Florida & Wost.—

At. & Gulf, cons. 7s, 1897....J&Jlat mortgage, 78 J&J8.Ga.& Fla., lat M. 7s, 1899, M&N

Scioto Val.—let M., 7s, slnk'g fund2d mort ...

Consol. 7sSelma Rome & Daltoa—1st mort2d mort., stami>ed2d mort, cleanInooroes

3heboyg'n&F-du-I>.-lst.78.'8U*DSioux C. & Pac, l8t M.. 08,'98.JAJSo. & No. Ala.—Sink. fd.. 6s. 1910.So. Carollnft-l8tM.,78,'82-'88.J*J

lat, sterl. mort, 58.g..'8-2-'88.J*JBils,78,'02,2d M.,unei\iolnedA&0Rds.. 78. non-m'irt A&O

Bid.

|113>«

'64

1124

1126

'ii)7«i

821087850108 >•

1108125

120

941s

{95(92

87112108

68'

126126123

103

vJv>iliO>a88110

127>i119122

122

127

95

9795

114107

102123<i|i 123%:i2o139

126110

lom

10720105

103137137107'a1071a102%114113115

11410251

122

112103

110129>«107>«30103

106

108109103

lis

11S>«106

99m00(105 la 106849935

110107

11611714113

108lisau921080695

839345

104

111108 >a

109

1114

till110112llOia9010743>a3^2

110610412377

109721a120118>8114991*93114113I13>fl931a10997lUO107'8

1231a95 ji115113110110

115

lisll2>a100 .

108

64'a3

108

12478

• Price noiDloal; no late transactions. » The poroliaser also pays aoorued Intareat. In lioodon.

150 THE CHRONICLK rvou XXX HI.

GENERAL QUOTATIONS OP STOCKS AND BONDS—Continued.For Explanations See Notes at Head of First Pase of Quotations.

Railroad Bosds.

BoutU Side, L.I.-l8t.7,1887...M&SBo. Cpn. (N.Y.)—Ist7a, 1899. .F&ABo.VncCal.—l8t.,6g,g.,lS)05-fl.J&J

Soiitliwe8tern(Ga.)—OonT.,78,188(.Bumiiiit Br.—lat, 78. 1903 J^Bunb.Ua7,.&W-B.-l8t.5s,1928M&Nflu»p.B.&ErleJimc.—l8t M,,78

Bid.

10092107%120

99102

BrrfBinK.itN.Y.—«onsol.78.'06A&0Tex. Ceut.-l8t,Bk.fd.,7s,1909M&NMxaa A Pac—Ist, 69, g.l905 M&S

Ck>U80l. mort., 68, gold, 1905.J&DInc. and laud ct., reg., 1915.JuIyIst (Rio Or. Dfv.), Os. 1930. .F&A

T^Z|I8 & St. loiils— l8t.6s,1910 J&Dl4nd grant, incomes, 1920

TtoLDel's& Bur.—l8t main, 68. 1910do 1st Da.rton div.,68, 1910do Ist Ter'l trust, 68. . 1910

Income, 6s, 1910Daytou Div. inc., 68, 1910

United Co's N.J.—Con8.,6s,'94.A&0BterUng mort., 6s, 1894 M&S

do 68,1901 M&8Cam. A Amb.,mort., 68, '89.M&N

UnlonPac.—Ist M.,08,e.'96-'99.J&JI^and Grant, 78, 1887-9 A&OBink. F., 8s, 1893 M&SOm. Bridge, stcrl. 8s, g., '96.A&OBeg. 8s, 1893 M&SCollateral tniet, 6s, 1908 ....J&JColorado Cent., 1st, 88, g.,'90.J&DDenver Pac.,l8tM.,7s,g.,'99.M&NKans. Paclst, 69,g.,cp.ctf8.F&A

do lstM.,6s, g.,op.ctfs.J&Ddo l8l,K.&L.G.D'd,'99.M&Ndo L'd lat M,78,g.,'80.J&Jdo Land2dM.,78, g., 1886do Leav. Br., 7e, '96..M&Ndo Ino.,No.ll,78,1916.M&8do Inc.,No.l6.7s,1916.M&Sdo Denv.DiT.,6sa88.cp.cert.do 1st cons. M.,6s,1919M&N

Utah Cen.—1st M., 6s, g.,1890.J&JDtali So.—Gen. M. 78, 1903. ...J&JUtlca & Bl'k R.—Mort., 78, '91 .J&JVerm't & Can.—M., 38

Hississqiioi, 78, 1891 J&JTennont Cen.—ist M., 7s, '86.M&N2d mort., 78, 1891 J&DIncome extension Ss M&NBtanstead S. & C, 78, 1887. .J&J

Verm't& Mass.—1st M.,6s, '83.J&.)Conv. 78,1885 J&J

Vick.&Mcr.—l8tM.,eud.,7s,'90.J&J2d mort, end., 7s, 1890 J&J

Wabasli—Ist M.,ext.,78,'90,e,x.F&AMort., 7b, 1879-1909 A&Otd mort., 7s, ext. 1897, ex. .M&Nquipment, 78, 1883 M&N

General mort., 6s, 1920 J&DChic. Div., 5s, 1910Havana Div., 6s, 1910 J&JToL P. & West., 1st 78, 1917. ..Q

do Ist prof, inc., conv,do 2dpref. inc

Cons, mort., 7s,1907,con.,exQ—

F

Ut, St. L. div., 7s, 1889, ex.F&AGt. West., Ul.,l8t,7s, '88,ex.F&A

do 2d,78, '93,ex.M&NQ'ncy & Tol., Ist, 7s,'90, cx.M&NI1L&8. la., Ist, 78, '82„cx.F&ABt.UK.C.&N. (r.e8t.&R.),78.M&S

do Om.Div.,lst7s,1919.A&0do Clarin. Br., 6s, 1919.F&Ado No. Mo.,lst M., 1895.J&,1

Wal>. Fund, 1907-Var. 7s.,F&Ado Variou863 F&A

Warren CN.J.)—2d M., 78, 1900.Wash. C. & Va. Mid.- Ist mort., 682d mort., 683d mort, 5-68...,4th mort., 3-4-58.5th mort., .5s

W. Jersey—Dcbent. 6s, 1883.'.'m&SiBt mort., 68, 1896 j&jConsol. mort., 78, 1890 A&O

W. Jersey & At. Ist M.,6sl910M&8Weet'n AU.-lst M., 8s, '88. ..A&O2d mort., 8a, guar., '90 A&O

West. .'«<1.—End., 1st, 68, 90. .J&JIst mort.. 68, 1890 J&jEnd., 2(1 mort., 68, 1890 J&J2d mort.. prof., 6s, 1895 J&J2<1. end. \\ a.sh. Co., 68, 189U J&J8d, end., 68, 1900 j&jwK^^n""-,"}??*'- ««• '93. .A&OPitts. Br., Ist M.. 68, '96 J&jWhpeUng& L.Erie-lst,6a,g.,1910

Sl.'^S'',"""''''' * A"gii8ta, 68...W 1.& W pliinn-8. F., 78, K., '90 J&JWlnona&at.Pet.-l8tM.,?s,'87;j&j2d mort., 7s, 1907 M&N

wis. Cent.—1st, 78, coups, unfundIst series, new2d8erie8,new

Wis. y^lev-l8t,7s, 1909.V.V.VJ&J

"v^J^'^S D ^""~•^"• '»3-'95- Var.«a«b. & Roch.. giiar.,5s,'94.A&0KAILROAD stocks: ptrAlabama Central...^^ Gt.8outh.-Llm., A.; 6s 'prif"

'

'<im.,B, com.

Ill11110281>396%

U16tl20

118119129;124

113114

JJn .

Albany 4 Susnneii., Guar., fi'.iiooAllMheny Valley ..

.

5!%

Aj{Sj?"t'^/y<'H'' * Santa Fe.'.lboAtlute & Charlotte Air Line^{«U"n & Great Western. .

.

AtL 4 St. Law., leased, 6, £. . . 100nSR"™^~ ^^A"'^''' leased ... 100smumoro 4 Ohio. .

.

iqqdo Pref.,6'.!"i;;:ioo_ do 2d, pref...

. Washington Branch,'ioo

193>9125122200

* Prices asmtnal no Ute transacUong.

1131091061121a107491a

121

491235

1 103113510083

108112

1121a1121131121a1101001141181a102123

1041141141s11494551s100100

118120116116116107110120

109IIOI311101191051a124

781a58

1131311021102

:iiOla

128

I421481

{129

Ask.

10699

12d

10382961a937396

6357

118122

1181a1191a130128129109

110lOlia

501a

133

50ifl3610414011090115

1191s104125

117II4I29^571a

100 14

1271a

122122II8I3

108113

112

112111122

7958I31151021s1021s

28ll>a6

1421a821a

132

200

Railroad Stocks.

Bait. & Ohio—Continued—Parkersbiirg Branch 100

Boston & Albany 100Bost. CUnt. Fltchb.&NewBed.lOO

do do Pref 100Bost. Con. & Montreal 100

do Pref., 6... 100Boston Hartford & Erie new.

do do old.

.

Boston & Lowell 500Boston & Maine 100Boston & New York Air L

do do prefBoston & Providence 100Boston Revere Beach & Lynn.. 100Brooklyn ElevatedBrooklyn & Montauk 100

do Pref 100Butr. N. Y. & Erie, leased 100Buffalo Pittsburg & Western.... 50

do PrefBurlington C. Rapids& North. . 100Cairo & St. LouisCairo & Vine, jiref . 5 p. cCalifornia PacificCambridge (street), Boston 100Camden & Atlantic 50

do Pref 50Canada Southern 100Catawlssa 50

do Old, pref 50do New, pref 50

Oedar Falls & Minnesota 100Odar Rapids & Mo. and la. Ld.lOO

do Pref., 7 100Central of Georgia 100Central Iowa 100

do Ist pref 100do 2dpref 100

Central of New Jersey 100Central Ohio 50

do Pref 50CJentral Paclflo 100Charlotte Col. & Aug 100Chesapeake & Ohio, common . . 100

do Ist pref... 100do 2dpref 100

Cheshire, pref 100Clilcago& Alton 100

do Pref., 7 100(Jhicago Burlington & (lulucy..lOOChicago & Canada Soutliern .

Chicago* East IllinoisChicago Iowa & Nebraska 100Chicago Milwaukee & St. Paul. 100

do Pref., 7.100Chicago & North Western 100

do Pref., 7.100Chicago & Kock Island 100Chic. St. L. &N. 100Chic. St. P. Minn. &Om.,com..lOO

do Pref. 100Chicago & West Michigan 100Cincinnati & Georgia subsoriptionsCin. Hamilton & Dayton 100Ciu. Indiatiap. St. Lo'ius & Cliio.lOOCln. Sandusky & Cleveland 50

do Pref., 6.50CTev. Col. Cm. & Indianapolis.. 100Clev. & Mahoning Val., leased... 50(?Iev. & Pittsburgh, guar., 7 50Col. Clilc. & Indiana Central... 100Columbus & Hocking Valley 50Columbus & Toledo(Jolumbus & Xenia, guar., 8 50Concord 50Concord & Portsniouth.guar.,? 100Connecticut & Passumpsle 100Connecticut River 100Danbury & Norwalk 50Dayton & Michigan, guar., 3ia..50

do Pref., guar., 8.50Delaware & Bound Brook looDelaware Lack. & Western 50Denver & Rio Grande 100

do subs, newdi subs, old

DenverS -.P. APaciflc 100Dcs Moines & Fort Dodge

do do PrefDet. Lansing & Northern, com ICH)

r^ ,''" . „. ^° Pref. 100

Dubuque & Sioux City 100East Pennsslvania, leased... '

50East Tennessee Virginia & Ga 100Eastern (Mass.) looEastern in N. H '.'. 100Eel River 1(K)Elmira & Williamsport, 5 '50„ . . ^.A" Pref.,7.'.50Erie & Pittsburg, guar., 7 50Fitohburg looFlmt & Pere Marquette

do do PrefFrankfort & Kokomo 56Georgia Railroad & Bank'g Co iooGrand Rapids & Indiana . .

.

Grand River Valley, guar., 5.. 166Green Bay & MinnesotaHannibal & St. Joseph [.'. ioo

do Pref., 7**100Harrisbnrg P. Mt. J.& L., guar.',V.50Highland (street), Boston.. 100Houston & Texas Central.. 100Huntingdon & Broad Top '

50ni. .

^"^*'. ,^° Pref..;50

Illinois Central 100Indiana Bloomington & West., newInternational & Gt. Northern 100Iowa Falls & Sioux City 100Jefl'v. Mad. & Ind'p's, I'sed. '7*.'.100

Joliet& Chicago, guar., 7 100Kansas City Ft. Scott & Gulf "lOO

Bid. Ask.

I213 13JaI7412 17548131

1041581

1131591869163121281540

22B83380

•9312

1241a20

93I25029 14413160140

16012

1521151s131127139138147842104^9II42593

28553

23%17512014713lOOM120x971697060

50133

105I'slis

1141602069166123332550

22%

9515

12522

66ifl 66%215958

27 27155 157

118 120

97I9 97%48i« 491s51

945729%423262

16120

154115%

i'27ii14013982

105911a29p.95

28 Lj

55941s

23i8185130

I251810138

153580

xll4

18%50%91%50

1001511s361s103^

163

1693115

1421s

522iiI37I450%

90%

101125991707061

142

1251s10138IOOI422I3P

193982

115

1912519260

11015337104

17523

1895

1151a

143

1523

13850%

91

1361s 1361s991991a

Railroad Stocks.

Kansas C. Ft. Scott & G.. Pref. 100Keokui&Des Moines 100

do Pref 100Lake Erie & Western 100Lake Shore & Mich. So *...100L*lii,i,'li VaUey 50Little Rock & Fort Smith 100Little Jliaml, leased, 8 guar.. .. 50Little SchuylkUl, leased, 7 50Long Island 50Louisiana & Mo. Riv., Com 100

do Pref., guar..Louisville & Nashville 100Louisville New Albany & Chic. 100Lynn & Boston (street) 100Macon & Augusta.Maine Centi'al ido.Manchester & Lawrence 1(X)Manhattan Beach Co 100Manhattan Railway lOOMarietlifi & Cincinnati, Ist pref . .50

do 2d pref.. 50Memplils & Charleston 25Metropolitan (street 1, Boston ...50Metropolitan ElevatedMexican National

do SubscriptionsMichigan Central lOOMiddlesex (street), Boston 100.Midland of New Jersey 100Mil. Lake Shore & West., pref.. IOCMine Hill & 8. Haven, leased.... 50Missouri Kansas & Texas 100

do do ScripMiseoiu-i Pacific lOO-Mobile & Olilo RR., assented. . .100Morris & Essex, guar., 7 50Nashville. Chat. & St. Louis 25Nashua & Lowell lOONashua & Rochester, guar., 3. .100Newburg Dutchess & Conn., pref..New Jersey & New YorkNew Jersey SouthernN. I.oudon Northern, leased, 8. . ICKJN. Orleans Mobile & Texas 100New Orleans Pacific subsidyN. y. Central& Hudson Riv 100N. Y. Chio. & St. Louis, subscripNew York ElevatedNew York & Harlem 56

do Pref 50N. Y. L. Erie & West

do PrefNew York & New England 100N. Y. N. Haven & Hartford ....100N. Y. Ontario & Western

do do PrefNew York Providence & Bos. . .100Norfolk & Western, com

do do prefNorth Pennsy1vania 50North & South AlabamaNorthern Central 50Northern New Hampshire 100Northern Pacific, common 100

do Pref 100Norwich&Worccster.leased.lO. 100Ogdensburgh & Lake Cliamp...l00

do Pref., 8. .100Ohio Central 100

do SubscriptionsOhio & Mississippi l(K)

do Pref 100Ohio SouthernOld Colony '

'ib()Oregon, Trans-Continental. „Oswego & Syracuse, guar., 9.. ..50Panama 100Paris &DeoaturPennsylvania Railroad '56Pennsylvania (Joinpany 50

do Pref 50Peoria Dec.itur & Ev., ex-priv 100Philadelphia & Erie 50Philadelphia & Reading 50

do Pref.,7 50Phila. & Trenton, leased, 10... 100Phlla. Wilmington & Bait 50Pittsburgh Cincinnati & St. L. . .50Pitt8b. & ConueUsville, leased... 50

do do Pref.Pittsb. Ft. W. & Chic, guar., 7.100

do Special, 7.100Portland Saco& Portsm.,l'sod 6 100Port Ro.val & AugustaPortRio'th Gt. Falls & Conway. lOi,Providence & Worcester 100Rensselaer & Saratoga 100Republican VaUey, deferred... 100Richmond & \lle., suljscriptions...Richmond & Danville 100Riciunoud Fred. & P., common. 100

do do Guar. 7. ». 100Richmond & Petersburg 100Richmond York River & ChesRochester & Pittsburg 100Rome Watertown & Ogden8b..lO0Rutland 100

do Pref.,7 100St. Joseph & WesternSt. Louis Alton & Terre Haute. 100

do do Pref. 100Belleville & So. lU., pref 100

St. Louis I.M'nA Southern 100St. I.,ouis & San Fran 100

do Pref 100do 1st pref.. 100

St. Paul & Duluth 100do Pref 100

St. Paul Minn. & Man 100Scioto ValleySeaboard & Roanoke ioo

do Guar 100

Bid.

xl32

57 14

12516561387812

{.55

641a

103 129812

137I3

159

1634131a101383§77841430

IOOI2127351a54%60 !«

44 la

6712111037%125

Ask.

136

II

5714I251461%79

103%981a138

16037I7I4

131alOia857884%33

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51>«76

109

88

45

t Purchaser also pay. aeorued Interest. ; In London. § Q lotatloa per share. p. Premium.

AusCBT 6, 1881.1 THE CflUONIOLE. 151

GENERAL QUOTATIONS OF STOCKS AND BONDS—Contimubd.For Erplanatlons flee Notes at Head of PInrt Page or (laotatlona.

RAii.nnAK Stocks.

KK. STOCKS.COSTINIIKI).

Balinn Kiinie Sc DaltonBoutli liu8tim (itti'.).50

South ('nn)llnn....lOOBo. <k No. Alulmma6'wciil..(i«., (t"il,7.100

Byr. Bliitf. A N. Y.lOOBiiiuiiill Itraiu'li.Pu.SOTerre 11. A- Iiid'nap.SOTex. C't'iit. A et, LouUTexiw Al'iulllc.lOO

do 8ub8Texiw A ."^t. Ixiuis

Tol. Dflph. A Bur. 100Tol. 1'. A Warsaw . 100

dii l8t l)f . 100do 2di)f..l00

V. N.J. KR AC. Co.lOOUnion PacKlfi 100

do Righto .

.

Vt. AC'an.,lpaRcd.l0O\t.A Ma»s..l'8ed,G.100Vlcksli. A SleildiuuW»b. .St. L. A I'ap.lOO

ilo Prof. 100Wnrr'n(N J.),l's'd,7.50Wc.itch. A rUila.,pf.50West J("i'ao3- 50Wenloni Maryland..Wtl. Coliiiubln* Auk'Wll.AWeld.,Ud., 7.100Wisconsin Central ...

do Prof.Woro'tcriNashua. 100

CANAL BONDS,Alberuiarlo Ai dies.—

1st. 78, 1!)09... .JAJCliesai). A Delaware—

l»t niort..(>8, '86JAJClie>iiM>uake A Ohio—

6s, 1870 Q.-JDel. Dlv.—08, '78.JAJDel. A H.—78, '91 JAJIstcxt., 1891. .MAN78,1884 JAJCoup. 78. 1894.AAOBog. 7a, 1S94..AAOl8t Pa.D.cp.,78,MA8

_ do rog. 78,MASJames RIv. A Kan.—l8t niort., 68...MAN2dniort., 68.. .MAN

I«blgh Navigation—68, reg., 1884-...Q-JER. (>a, reg., '97,Q-FDeb.Os, reg.,'77,JiDCouv.Cs,rog.,'82JADdo es,g.,rg.,'94MAS6s.g..(p.Arg..'97JADCous..M.,19117sJAD

liouisville A Portl.—3d niort.,68, 1881..4th mort., 68, 1886.

Morrie—Boat rn,rcg.,'85AAOK«w mort

Feniuiylvania—68, eoup., 1910..JAJ

SohuylUU Nav.—Ist M.,08, 1897.Q-M2d M., 68, 1907..JAJMort. <!», cp.,'95JAJ6e, inip.,op.,'80MAN68.litAear.l913MAN7s,btA<ar,1915MAN

BUAqtit'lianna

—

68, coup., 1918..JAJ78, coup., 1902..JAJ

Union,I9t68,'83.MANCANAL STOCKS.Chesapeake A Del.. 50Del. A Hudson.... 100Del. Div. leased, 8..50Lehigh Navigation..50Moms, guar., 4 100

do pf.,guar.l0..10OPennsylvania 50Bchuylklll Nav 50

do do pref.50Susquehanna 50

niSC'LLANEOCSBONDS.

Amer'ii 88.C'o.(Phil.)—68, K. C, 18y(j..AAO

Bait, (ias Light (in.

Canton (Bait.)—£08, g., 1904. ..JAJMori. Gh,k., 1904 JAJUn. HK ,lKt, end.,68.do 2il.oij(l. (i.s,g.MA£N

Colorado ( dal A Iron—l»t ciinsol 68

Equitable Rl. E8.inon.Gold A Stock Tel. ...Mariposa Gold I.,.AM.-Con«. M.,78.'86.JAJ

Ifercautile Real EstateOreg.R.,SiN.i8t,t;8.JAJPullnrn Palace Car—wl 8erlif.s, 83,'87KAA4th ilo Hs.ii'JFAADeli'iit iT.7«.'KHAAOBtig, 7».K.. 1 «s.") ActO

Bt.Charlca Hnclge,7-888t. I,. lirl(l«.. Jt Tun—

Ist, 7N,g..l929.AAOR«coii..<truc. certfs...

Spring Valley—W.W.,l»[H.li)0C.MAft

1265b1"

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Bid. Ask.

I72i«4825

72ia50

17 17 >«

"5si*10

"58 '4

15p.3p.

2101

MlgCELLAVKOtJS.

.'iiiillMiiIrou ARy.—'

, Ine., 1894.line 69, '91.

I mIomToI.—7»,«<.up., 1 900.MAN7a reg., 1900 .MANStezl'g 68, 1900.M&a

.nUC'LLANBOVSs'roi'Ks.

Aaplnwall Uind 10Hi.sion Ijind 10iiDston Water Power..Hrookline (Moss.lL'dS

) Canton Co. (Bait.). 1001

1 In. A (;ov. B'dgo uref.lOilmon Electric Light

I

Bid.

30

37 »s

161s

11027

66

90

62

117110120

127127

106%

119

103 "s

5067

99

606070

110

-^44%

lison.. Ill

111 steamboat Co..i y Motor-viHe Bildgo1.1 Scw'g Maoh.lO

I lick Land 10M tg..secur.(Bo8t.)

. Il.i]ajishiroLand25ML) Is; N.V.&Tex.Ld.,Liin. 50

Land scrip!

I). DominlonSS. Co.lOO! Oregon Ky .AN.Co.lOO

18 I'aclllc Mail S8. Co.lOOi PuUm'uPalaoeCarlOO

.St. Louis B'dge.lstpref2d prof, eei-titlcates.

St. Louis Tunuel KB..8t. Louis Transfer Co.Sutro Timnel 10U.S. Electric Light...EXPRESS ST'CKS.\dains 100American 100United States 100Wells, Fargo A Co. 100'THLEGRAPH

STOCKS-\nierican District. 100American Union ..100Atlantic* Paoitlc..25Franklin 100Gold A Stock 25Intcmation'l Oc'u.lOOMexican 100Mutual Uuion

do subs.Southern A Atlantic 25West. Union ex-cerlOOTRUST CO.'S

STOCKS.Brookljn Trust 25Central 100Equitable 100Fanners' Loan A Tr.25.Mercantile 100N. Y. Gimr. Alud.lOON.Y. LifeA Trust.. 100Real Estate Trust. 100Union 100United States 100

68

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914

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38

122122

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89^9»g9>«

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119

120

10714!118

1161a120

109

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101

109107119102

95100103

100110

108118107

;129!

IMPROVEItt'T &eONSTK'N COS,

Am. Cable Coustruct'n 56Am. Railway Inip'mnt 115Cent. N. J. Land Imp. 30Continental Couetruc. 90Cent. R'way Construe.Col. ATexas Coiistnic.International inip'mnt 20N. Y. Loan A Iinp'mut 80North River Construe.Oregon Improvement. S9

do Ist M. bonds 99Pacific R'way Inip'mnt 160Sorantoii (Dnstruct'n. 15OAS STOCKS.

Bait. Consol. Gas 58%Boston Gaslight. . .500 800EastBo.ston 25] 281^South Boston lOOixlll

132I4

1063

4733

lOiifl17352»8140101148

:io365§1%

1368368126

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96128090

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131

Brookline. Mass. . . 100Cambridge, Mass.. 100Chelsea, Ma.%8 100Dorchester, -Mass.. 100Jamaica prn,Ma8sl00Lawrence, Mass. . . 100Lowell 100Lynn, Ma8S..G. L..100.>lald. A Melrose ... 100Newton A Wat'n ..100Salem, Mass., 100Brooklyn, L. 1 25Citizens', Brooklyn.20Metropolitan, B'klyn.Nassau, Brooklyn ..25People's, Brooklyn. 10WUflainBb'g, B'klyn 50Charle8t'n,8.C.,Oa8.25Chicago G.A Coke. 100Cincinnati G. A Coke

.

Hartford, Ct., G. L..25Jersey C.A llobok'n20People's, Jersey C.

.

Louisville G. L.VIoblie Gas A Coke. 8Central of N.Y 50 60Harlem, N.Y 50 86Manhattan, N.Y... 50 198•Metropolitan, N.Y.IOO 148Miinit'lpai 100 xl80.Mutual of N.Y 100 70New York,N.Y....100 101N. Orleans G. L. ..100 70N. Lllicrtloa, Plill»..'25 5Washington, Phiia..20 f39ia

109xl35x88x90xl27xl3314568

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Portland, M«., U. L.50it. LOuia G. 1, 90Laolode, Ut. I^nla.lOOOarondelrt..St.Ix>ul8 50San FranelKco (J. LmANI'PA4:T'lNO

STO<^K8.Alu.B.H..8..M.(P8.ll2i9Am. Lineu (Fall Hlv.)Amoiy (N. H.) 100AmoBkeag (N.ll.) 1000Androscog'n (Me.). 100Appleton (Mass.) . lOOOAtlantio (Mass.)... 100Barnard Mfg. (F. B.)Bates (Me.) 100Boott (;ot. (Mass.) 1 000Border City MfL'. (F.R.)Boston Co.(.1ta88.)1000Boston Belting.... 100Boat. Duck (Maas.)700Cambria Ii'on(Pa.) 50Chloopee (Mass.) ..100Coclieco (N.H.) 500Collins Co. (Conn.).. 10Continental (Me.). 100Cres't Mills (F. R.) 100Oavol Jlills (F. R.) 100Dougl'a Axe (MiU)8)100Dwight (Mass.). ..500Everett (.Miihs.)...100Fall Rlv. Iron W. 1000Flint Mills (F, R.) 100Franklin (Me.) loolGreat Falls (N. n.)lO0|Hamilton (JDias.) 1000Hartf. Carpet (Ct.)lOOHill (Me) 100Holyoke W.Power. 100Jackson (N.H.).. 1000

Bid.

74

10516

Ask.

76280

IS.'i

20001361'230

179

2241a2'JOO

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1891a1025

13<i211-

1:1

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180

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20092010%87!li

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3116090130

658820015018271too7313

King Philip (F. E.) 100Laconia(JIe) 400Lancaster M.(N.H)400Lawrence (.Ma88.)1000Ix)well (.Mass) 690Ix)well Bleachery.200Lowell Mach.Sliop.500Lyman M. (Mass.). 100Nlauehester (N.H.) 100Mass. Cotton 1000Mechanics' (F. R.) 1(X)Merchants' (F. R.) 100Merriniaok(Ma88)10OOMiddlesex (Mass.). 100Nashua (N. H.)....500Nanmkeag (Ma8s.)10DN. E. Glass (Mass.)375NewmarketPacKlc (Mass.)... 1000Pepperell (Me.) 500Rich. Bord'n(F.R.) 100Robeson (F. Rlv.) 1000Sagamore (F. Riv.) 100Salmon Falls(N.H.)300Sandw.Glass(Mas8.)80Shove (Fall Riv.) . 100Slade (Fall Biv.).. 100StalTord (Fall Riv.) 100Stark Mills (N.H.)IOOOTeeumseh IF. R.). 100Thor:idike(Ma.ss.)l(X)0TremontiA 8. (Mass) 100Troy CAW. (F.R.) 500Union C.Mt. (F.R.) 100Union Mfg.(Md.)Wampanoag(F.R.) 100Waslilngt'u ( Mass.) 100Weed Sew. iM'e (Ct.)25Weetamoe (F. R.)100WllUm'tio Llnen(Ct)25York Co. (Me.) 750COAL Sc MISCELraiNlNfi STOCKS..Viucrii'an Coal 25

I

Barclay Coal.!liiick Mount'n Coal.50Caribou Con. Min'g.lOCent.Arizona Min.lOO

i Colorado Coal A T.lOOConsol. Coal of Md. 100Cuiiiberl'd CoalAI.lOODea<lwood MiningExcels'r W.AM.Co.lOOGeorge'.'! Cr'k CI (Md.)Honieatake Min'g.lOOLehigh A WilkesLittle PittsburgMarip'sa L.AM-CallOO

do pref.lOOMaryland Coal 100Montauk Gas Coal. 100New Central CoalN.Y.AStraits.C.AI.lOOOntario 811. Min'g.lOOiPennsylvanla Coal.50PilotKnobl. (8t.L)100Quicksilver Min'g.lOO

do prefSan JuanSil. Min.lOO8. BapiriSlL.Mob.lOO

do pref.lOOSpring Mount. Coal.50|Stand'd Cons. G.M.IOO,Stormout 1

117.'>

279105

11200281106

1420

57595517808602802075xll82001aX1350

189525676013076

5252745X1080

40058

1315

X1050175

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580965180087530021001192011375

19002607751317755027551100

41061

1335

1100180

25 30

9410

891320

604842

56I4

38

9518

901330

10016

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26

281a

35

20%72%

li*4

22%

BOSTON IHININGSTOCKS.§

Ailouez 25Atlantic 25Aztec 25Blue Hill (.Mo.) 10Bruusw'k Antimony.

5

Calumet A Hecia...25

2%11500.3»»

12lfl217

21956 1440208

10816382%

30

28iB

362519020%72%

23 14

313750.413

218

MtSCKI.I.ANKOri.

Catah>.i HlU-fcr 10Centlal 36Contentment tlllTer 26Coppfer FalU 60Dana, ; 26DawKon Sliver 20Douglas (Me.) 5Dnnean Silver 20Franklin 26"-'w8HTcr....20

Idt... 25rian 25

.i M 25International 811ver20Manhattan 25MesniU'd 29Minnesota 25National 25Osceola 25PcwaJilo.-.J 26Phenix

., 29Pontine i 26Qnlnoy 26Ridge 25Rockland 25Silver Islet ^.25Star 26Snllivan(Me.)Sllver 10Superior 25Wintbrop 25ROLD A: SILVERiniNINU STOCK6&(N. Y. A SA>j. i-RAN.)AliceAlpha Consol OA S.IOOAlta Montana 100Aiuertcau Flag 10Amiu, 10Bald MoimtBassick 100BechtelBelcher Sliver ....100Belle Ule 100BelmontBest A Belcher.. ..100Bodlq 100Bonanza Chief 1Breeoe 25Buckeye 5Buldomlngo 50Bullion 100Bulwer 100Calaveras 1Caledonia B. H lOOCalifornia 100Carb. Hill 10CentennialCherokee 10Chrysolite 60Chollar 100Climax 10Consol. Imperial ..100Consol. North Slope,Consol. Pacldc... 100Con.sol. Virginia. .. 100Copper Knob 1Crown Point 100Dahlonega 1Dundcnberg 10DunkinDurango 5Emp. Utah 100Eureka Consol 100Father Dc Smet . . 100Findiey 1Freelaud 25Gold Placer 25Gold StripeHoodshaw 100Gould A Curry S..100Grand Prize 100Granville Gold Co... 1Great Eastern 1

Green Mountain 10Hale ANorerosa. .100HarshawIliberniaHighland Chief....Horn Silver 25Hortonse 10HuklU 5Independence 100Iron Silver 20Kings Moimtaiu 10lAcrosse 10La PlataLeadville Consol 10Leeds 100Leviathan 100Little Chief 50Lowland Chief 50Lucerne 10Manhattan 10Martin WTiite 100May Belle 100Mayflower 10Mexican O. & Silv.lOOMoose 10Moose SilverMono 100NavivJo 100PatagoniaPenobscot 6iPUimas 10Potosl 100Rappah.iuock 1UedMephant 10Rising Sun 5IRobiuson Consol. . 50Sacramento 10Banta CruzBierraNovadaSUT.lOOISIlvor Cliff 50

Bid.

S160.5c.2%

11»96%

500,!•»1%

29>gim1>9

25o.X33

314

38ia13

A Ik.

833e36alOe.31

11%6

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1-95110

1-302-7530

61a•13

1-60

3 00•13

1^50•03

120538

•781-80

•05

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•351^45

•10•05•23

43

13160

•40

6-^

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165'94

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•80

•20

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•70

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160

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• Price uomiuai; no late trauiacUona. I Purchaser also pays acerue.l interest. ; In Loudon. ^ Quotation per share. p. Premium'

152 THE CHRONICLE. f [Vol. XXXIII.

GENERAL QUOTATIONS OF STOCKS AND BONDS—Co.vcludkd.

For Ksplanatlon* gee Notes at Head of First Page of qnotatlong.

Uinina Btoceb.

COLD A SILVERMINING hTOOKS.

COKTINIIKD.Silver NuKKCt, new.. .

Sir Rodcrii'K Dhu ..10South Bo<Jiotk)Utli BiilwcrSoutb Hitc, ne'w ...25Bprinx Valley 1

SUmdard 100Tioga 100Tip Top 100Trinity 10TuscArora 100UnadillaUnion Consol 100V. deW. 10WillehireBANK STOCKS.

BALTI.MORE.Bank of Baltimore 100Bank of Conuuerce.25Chesapeake 25Citizens' 10Com. & F.'UTcerB'..100Farmers' B'k of Md . 30Farmers' & Merch . .40F»rmer8'APlanterB'25First Nat. of Bait.. 100Franklin 12\Qerman AmerioanHoward 1

Marino ... 30Mechanics' 10Merchants' 100National Esch'ge. 100People's 25Second National ..100Third National....100Union 75Western 20

BOSTON.AUanUc 100Atlas 100Blackstone 100£lae Hill 100Boston Nat 100Boylston 100Brighton, (Nat.)... 100Broadway 100Bunker HiU 100Central 100City 100Columbian 100Commerce 100Commonwealth . . . 100Continental 100JEagle 100£Uot 100Exchange 100Everett 100Fanctiil HaU 100First National 100First Ward 100Fourth National. .100Freemans' 100Globe 100Hamilton 100Hide & Leather ... 100Howard 100Manufacturers'.. .100Market 100Market(Brighton) . 100MassachueuitB 250Maverick 100Mechanics' (8o.B.)100Merchandise 100Merchants' 100Metropolitan 100Monuiuent 100Mt. Vernon 100Mew England 100North 100Jforth America 100Old Boston 50Pacific 100People's 100Redemption 100Kepnbllo lOCBevere looKockland lOOSecond Nat 100Security lOOttawmut 100m«* Leather.. ..100tata 100oSolk 100TblTdNat 100Traders' lOOTremont 100Ualon 100Washington 100Webster loti

JIROOKI.YN.Atlantic (State)....BrooklynFirst NaUonalftjltonCity NationalGeaimerciatLong IslandManufacturers'. ..Mechanics'

Bid.

28'46

27J•22ia

Brooklyn Tnist.

.

CIIAKI.KHTON.BTtofCTlas.lNBAjlOCFirst Nat. Chns.. .10*.People's N.iiional. IOC

CUrcAGO.Onnmorcial Nat. . .100Oom EicJi. Nat.. .IOCFiflh National io<

13010

15>2112«!314541130

100

•341.;

11%13011720150105SOJa29

I55121-27

118108129I!!

127%106%981761201s1251451-2

1301301"1211221201s1461s117135210110109124113122ligii130no's11113512723513011215012514203I2GI2132144118631151641351311261401.53

180122II6I212612.-)

llOij101 1«

1251s1511^138114

17!/1102201102409510096ISO170150

92145115

180

Ask.

•jO5%

•20

110

1714

161s

4642

11010•35

12

21

81291s

157129llSisno130128107100180122126146132131I21I2124121147II7I4

1351s212112111125113121221.120131111111141401271s2601311121s150121262051271531441sU8is641161671371321261s14115'Jis

190123117;27126

1051261521381sII4I1

Bask Stocks.

lis230115260105103100185190

First National 100Hide and leatherHome National ... 100Merchants' Nat.. .100Niit. B'k of Illinois.lOONoitliweBtem Nivt. 100UnionNational....lOOUn.StockY'dsNat.lOO

CINCINNATI.(3itizcnB' National. .

.

Urst NationalFourth National(Jerman National . .

.

Mcrchiints' NationalMetropolitan Nat...Nat. Lat. & Bk. of Com.Second Niitiooal .

.

Third NationalUnion Nat

HARTFORD..«tnaN.at ...100American Nat 50Charter Oak Nat. . 100City Nat 100<;;onnecticHt River. .30Far. & Meoh. Nat. 100First Nat 100Hartford Nat 100Mercantile Nat 100National Exchange. 50Phoenix Nat 100State 100

LOUISVILLE.Bank of KentnckylOOBank of LouisvillclOOCntizens' National. lOdCity Nat 100FaUs City TobaccolOOFanners' of Ky ... 100Fanners' & Drbv..lOOFirstNat 100German Ins. (io.'s.lOOGerman 100German National. 100Kentucky Nat 100Louisv. Banking Co.40Masonic 100.Merchants' Nat. ..100Vorthem of Ky ... 100Second Nat 100Security 100riiird National 100Western 100West-Flnan.Corp. .100

MONTREALBritishN. America....Commerce 50Dominion 50Du Feuple 50Eastern Townships.SOExchange 100Federal 100Hamilton 100Hochelega 100Imperial 100Jacques Car',ier...lOOM.aritime 100Merchants' 100.VIoIgons 50.Montreal 200Rationale 50Ontario 40(Quebec 100StandardToronto 100Onion 100Ville Marie 100NEW ORLEANS.

Ca^al & Banking. .100Citizens' 100QemianiaNat 100Hihernia Nat 100Louisiana Nat.. .. 100Mcti opolitau.Mutual Nat 100New Orleans Nat.. 100People's 50State Nat 100Union Nat 100

NEW YORK.America 100imerican Exch'gelOOBroadway 25Butchcrs'ife Drover«25Central National.. 100Chase National 100Chatham 25Chemical 100City 100Citizens' 25Commerce 100Continental 100Corn E.xchange .. .100East River 25Eleventli Ward 25First National 100Fourth National ... 100Fulton 30Fifth Avenue 100Gallatin National ..50German American. .75Gemiania 100Greenwich 25Grocers' 30Hanover 100Importers' & Tr. . . 100Irving 50Leather Mauufts. . 100.Manliattan 50Manuf.& Merch'ts.20Marine 100Market loOMflphanjpH* 25

Bid.

105210173130129120160125225125

12573

1339450

12811817112676170114

142 14496 97

1381*130

90 92105 107

lOK145

104104133136200125134105

147117107113

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1711s91%11514115411885

1021s1021s

1251141941494

1421s123;230;1211301561131781230

150

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I6713

1351301251C5

13173140955513012317412880172120

133138i«210130136

106

103 Is

143%

9411712143

106105

12514tl6is19412:

84 8414106 110104 103156 1578994 100

xl24 129119 125xl35 140xl20 125xl20 I25I4xlOO 104xll5xl60 176x56'4 581sxll6 125xll3 118

145130

BANK Stocks.

145125

130215

tl41•.140

IhO1201.50

• Price nominal ; no late trauaci.uLs.

Mechanics' B. As8'n50Mechanics' & Tr.. .25Mercantile 100Merchants' 50Merchants' Exch'ge50Metropolitan 100Nassau 100New York 100N. Y. Nat. Exch'gelOONew York County. 100Nintli National. ...100North America 70North River 50Oriental 25Pacific 50Park 100People's 25Phenix 20Republic 100Second National.. 100Seventh Ward 100Shoe & Leather. . . . 100St. Nicholas 100StateofN.Y 100Tradesmen's 40Union ?>0

PHILADELPHIA §B'k of N. America . 100Central National.. 100City National 50Coraniercial Nat 50Commonwealth Nat 50CJonsolidation Nat.. 30Com Exchange Nat.50Eighth Nat 100FirstNat 100Farmers'&Mech.N.lOOGirard Nation.al 40Kensington Nat 50Man nfacturers' Nat.25Mechanics' Nat....100Merchants' Nat.

.

Nat. B'k Commerce. 50Nat.B'k Germiint'n.50Nat.B'kN.Liberties50.Vat. B'k Republic. .100National Security. 100PennNational 50People's 100Philadelphia Nat.. 100Second Nat 100Seventh Nat 100Sixth Nat 100Southwark Nat 50Spring Garden 10022d Ward 50ThirdNat 100Union Nat 50Western Nat 50West Philadelphia.lOOPORTLAND, ME.

Cumberland Nat.. .40Canal Nat 100CascoNiit 100FirstNat 100Merchants' Nat 75N,ational Trader.'*'. 100RICH.MOND, VA.

City Bank 25First Nat 100.Merchants' Nat... 100Nat. Bk of VirginialOOPlanters' Nat 100State Bank of Va.lOO

ST. LOUIS.B'k of Commerce. 1(XICommercial 100Ontineutal 100Fourth National ..100International 100Mechanics' 100Merchants', Old•Merchants' Nat . . . 100St. I^uis National.100Tliird National. ..100Valley National... 100SAN FRANCISCO.

Anglo-CaliforniaB.ink of California.

.

FirstNat. Gold.... 100firangers' B'k of C.IOOMerchants' Exch..lOONat.Gold Baak& Tr. CoPacificWells, Fargo <fe CoFIRB INSVK'CE

STOCKS.BALTIMORE.

Associate Firemen's.

5

Baltimore Fire Ins. 10Firemen's Insur'ce. 18Howard Fire 5Maryland Fire 10Merc^hants' Mutual. 50Natioujil Fire 10

BOSTON.American F. & M. .100Boston 100Boylston lOOCommonwealth. ..100Dwelling House.. .100Eliot 100Firemen's 100Franklin 100Manufacturers'. ..100Mass. Mutual 100Mercantile F. &. M.iooNeptune F. & M...100North American . . 100Prescott 100Bevere 100Shoe & Leather. . .100Washington 100

Bid.

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1358960

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30

120

110

110

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350•260

130

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152155

113

59162156155112151

95

25 13

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110

t Last price preceding Aug. 4.

153165

IHSUKANCE Stocks.

CINCINNATI.Amazon(new stock) 20Ciucinn.'vti 25Citizens' 20Commercial 25Eagle •. 100Enterprise 20Eureka 20Firemen's 20Germania 20Globe 20Merchants'ife Manuf 20Miami Valley 50National 100Union 20Washington 20Western 25HARTFORD, CONNiEtna Fire 100Atlas Insurance. ..100Connecticut 100Hartford 100National 100Orient 100Phoenix 1(X)Steam Boiler 40

IX)NDON.Commercial Union. £5Guardian 50Imperial Fire 25Lancashire F. & L. .25London A8S.Corp.12i2Liv. & Ix>nd. &Globe.

2

North'n Fire & Life . .5North Brit. & Mer. 8%Queen Fire & Life.. .1Royal Insurance 3NEW ORLEANS.

Crescent MutualFactors' and Traders'Firemen'sGermaniaHibemiaHomeHopeUifayetteMerchants' Mutual .

.

Mechanics' & Tratlers'New Orleans Ins. Ass'nSew Orleans Ins. CoPeople'sSun MutualTeutonia

NEW YORK.American 50American Exch...l00Bowery ..25Broadway 25Brooklyn 1Citizens' 20City 70Clinton 100CoUtmWa 30Commercial 50Continental 100Etiglc 40Empire City 100Exchange 30Fiirragiit 50Firemen's 1Fircmen.'s Tnist 10Frank.&Einp'inm..German-American 100Germania 50Globe 50Greenwich 25Guardian 100Hamilton 15ILanover ..50Hoffman 50Home 100Howard 50Importers' &. Trad. .50Irving 100Jefferson 30Kings Co. (B'klyn) .20Knickerbocker 40Lafayette (B'klyn) .50Lamar 100IjCuox 25Long Isl'd (B'klyn). 50Lorillard 2.5

Manuf. i BuUdcrs'lOOManhattan 100Meeh. & Traders'. .

.

Mechanics' (B'klyn)50Mercantile 50Merchants' .50

Montauk (B'klyn).. 50Nassau (B'klyn) 50National 3713New York CityN. Y. Equitable 35New York Fire.... 100Niagara 50North River 25Pacific 25Park 100Peter Cooper 20People's 50Phenix (B'klyn) ....50Relief .50

Republic 100Rutgers' 100St. Nicholas 52Standard 50Star 100Steriing 100Stuyvesant 25Traiiesinen's 25United States 25Westchester 10Williamsburg City . .50

Bid.

85140110100110 115

75130

103 105105

10013575 80130150

243 24525

13829514011821365

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61

11538631a3»1181a

170116

210

175130

105

100110

105

125h96

70140165

160126

21068

957012070150114

16090130

160

70

115230130

1409565

14011580

110

i (Quotation per share.

AcoDST 6, 1881.1 THE CHRONICLE. 153

%nvitstmtntsAND

STATE, CITf AND CORPORATION FINANCES.

The Invbstors' Supplbmbst eontaini a complete exhibit of the

Poinded Debt of State) and UUies and of thi Stock* and Sonde

of Railroads and other Oompanien. It is pMithei on the last

Saturday of every otlter month— ow., February, April, Jane,

August, October and December, and is ftirnis/ied xoUhnut extra

charge to all regular subscribers of the Chronicle. Single copies

are sold at $2 per copy.

GENERAL INVESTMENT NEWS.

Canadian Pacific—The following telegram, dated Win-nipeg, Province of Manitoba, Las been sent by the President ofthe Canadian Pacific Railway Company to its agents in thiscity. The parties controlling this great enterprise are sub-stantially those who control tne St. Paul Minneapolis & Mani-toba Railway in Minnesota and Dakota. "iThe programmewe have adopted is as follows : We have decided to push con-strnction of Pembina Mountain Branch to a distance of 100miles south-west of Winnipeg, also to locate a branch fromBrandon south to Sonris ; thence westerly twenty-four milesfrom United States boundary to 104 deg. longitude ; also abranch from a point twenty miles east of Brandon, crossing thelittle Saskatchewan, thence northerly between Fort Ellice andRiding Mountain up valley of the Assiniboine to Duck Moun-tains, thence westerly towards Touchwood Hills and a branchcommencing near Forks Qu 'Appelle running northerly indirection of Battleford, thence westerly to Edmonton. Themain line is located to Moose Jaw Creek, 400 miles west ofWinnipeg, and the location to Fort Calgarry in the Bow Riverwill be completed this season. Road will be complet«d to thatpoint next year."

Central Paciflc—Judge Brown, sitting as a United StatesCircuit Judge, has granted a motion made by Assistant UnitedStates District Attorney Clark for a stay of proceedings in thesuit brought some time ago by the United States against theCentral Pacific Railroad. The Attorney-General, on beingapplied to for instructions, said "the suit must stand until thePresident is able to appoint a new Railroad Commissioner."Judge Brown acquiesced in that opinion, and granted a stay ofproceedings "until such appointment shall be made, and for 30days thereafter," and directs the defendants to refrain fromtaking further testimony until three months after the expira-tion of the stay of proceedings.

Chicago St. Louis & New Orlesns.—The gauge of this roadwas changed from five feet to standard gauge last week.'on theMtire line from New Orleans to Cairo, 550 miles, and on theKosciusko branch, 21 miles ; the expense being about $300,000.

Cincinnati Indianan. St. Louis & Chicago.—At Indianapolis,Ind., July 27, John T. Baker, on behalf of certain stockholdersof the old Indianapolis Cincinnati & Lafayette Road, filed a suitm the Superior Court of Marion County against the CincinnatiIndianapolis St. Louis & Chicago Railroad, George Hoadley, M.E. Ingafls, and others, seeking to review the decree of fore-cloanre under which the Indianapolis Cincinnati & LafayetteRoad was sold.

Cincinnati Southern.—Chancellor John W. Merzies, at Cin-cinnati, granted a motion, Aug. 1, to quash a levy made byorder of the Kenyon (Ky.) Circuit Court upon the CincinnatiSouthern Railroad and an order for the sale of the property tosatisfy a judgment. The Chancellor holds that the railroad isnot subject to a levy and execution sale.

Denver Rio Grande & Western.—Articles of incorporationof this company have jast been filed in Salt Lake City. Thecapital st(jck is $37,480,000. General Palmer, President of theDenver & Rio Grande Railway is the heaviest owner. The en-ure length of the main line and branches of the Denver & RioGrande will be about 2,370 miles. It is proposed to push theconstruction with such energy as to finish the main line by theend of next year.

.fT»nSTille Rockport & Eastern.-A dispatch from Lonis-

vUIe, Ky., Aug. 1, says: "For some time negotiations havebeen pendmg for the purchase of the Evansville Rockport &iiastern Railroad by the Albany & St. Louis Air-Line. Lastweek this purchase was consummated, and Mr. St. John Boylewaa made President of the former company. The road is 72miles long, running from Evansville to Jasper, Ind., with abranch to Rockport, on the Ohio River."

,^rt Wayne Huncie & Cincinnati.—This railroad was sold

1 , °'i,"*y'>e. under foreclosure proceedings, on Wednesday,July 27, and was bought for $1,000,000 by Elijah Smith ofv^incinnati, acting for the bondholders. It is proposed toorganize a new corporation on the terms already stated in thetUBOsicLE, by which plan the holders of $1,000 of first mort-

fage bonds will receive new stock at par ; for principal of bonds

' Vt'""* overdue coupon interest, $560 ;—$l,5G0. Hold-ers of $1,000 of the equipment bonds will receive new stockat par

; for principal of bonds $1,000 ; for overdue couponinterest $402 50;-$l,402 50. Holders of $1,000 income bondswill receive new stock at par and for principal of bonds

$1,000. Holders of first mortgage coapons, due prior toOctober 1, 1872, will receive new stock at par. Hoidera of$1,000 of the second mortgage bonds will receive new stock 4tpar for principal of their bonds on payment of $300.

Hartford A Weatcrn Conneetient.—A deed from the Treaa-urer of Connecticut, as Trustee for the bondholders of the Con-necticut Western Itailroad Company, was delivered on Tuesdayto the new corporation, called the Hartford & Western Con-necticut Railroad Company, conveying to the latter corporationthe railroad heretofore known as the Connecticut WesternRailroad, together with all the property and effects held intrust by the Treasurer. This was done in oursuance of theauthority given by the act of the last General Assembly incor-porating said bondholders. The new company now a.ssumesthe ownership and management of the railroad, and will in ashort time give stock in exchange for slid bonds, according tothe resolutions lately adopted at a meeting of the bondholders.

JocksonTillc Pensacola & Mobile.—The U. S. Court atJacksonville, Fla., has confirmed the sale of this property madein September, 1879.

Jersey City Finances.—The Jersey City Board of Financelast week fixed the tax levy for the ensning year. The totalamount of the appropriation is $1,554,262 14. From this U tobe deducted $166,314 06, the amount the State contributes tothe city for the support of the public schools, leaving a totalof $1,3*7,948 08 to be raised by taxation. The appropriationsto the several boards of local government are much less thanthe amounts of the estimates. The sum each board estimatedit would require appears in the first column of the followingtable. The amount allowed each by the Board of Financeappears in the second colamn :

Board of Fiuance ( $890,303 34Board of Police 300.604 232,049 08Board of Scliools ; 219,090 19o,0,i8 SGFireBoard ; 110,000 94,999 92Boaia of Works 161,300 94,799 80Board of Aldermen 49,450 44,049 80

Total $1,554,262 14Last year the tax levy was $1,619,757 30, and the rate was

$2 98. The tax rate this year will be |2 90.—iV. Y. Times.

Kansas City Fort Scott & Gnlf—Kansas City Springfield& Memphis.—Following is the circular regarding the extensionof the Kansas City Fort SCott & Gulf Railroad to Memphis

:

Boston, July 30, 1881.It iH proposed by certain parties to build a railroiid from Sprin^fflcld,

Mu. (tlie pi-eseut terminus o( the Fort Scott Soutlicastcrn & Mcmplii»Raili-oad), in a soutlieastcsriy direction to tlio Mississippi Kiver, oppositeMcmpliis, a distance of about 275 miles. To accomplish tliis purpose itis proposed to form two corporations—under tlie laws of Missouri andArkansas respectively—the two to be ultimately merged iuto one cor-poration, to be known i« the Kansas City SpringUeld & Memphis Kail- .

road Company.The country throuj?h which this road is projecied is characterized

in some sections by rich farming and cotton lands, and other sectlnnnarc rich in minerals and foresis of valuable oak and pine timber. It willfurnish a near outlet to the Mississippi River for the grain raised alongroads already constructed in Kansas and Mi««oari, and at a point belowwhich uavigution is never interrupted by ice or low water. Memphluwill be an important distributing point for the packinghouse Bro<luct8of Kansas City, and for hay, corn and flour tlirough all the SouthernStates east of the Mississippi River.The load will be constructed in all respects in s substantial manner,

with iron bridges, and steel rails weighing not less than flfty-six poundsper yard, and will be furnished with e<iiiipmcnt estimated to cost*7aO,000. Including the equipment, the ealiuiated cost of the road 1».$5,600,000.By nubscrlptions to stock of the coriMration to be formed under

the laws of Missouri (ultimately to be converted Into the stock of theconsolidated compauj), and by the issue of $d,000,000 first mortgageforty year six per cent l)ond» of the company when consolidated, to bepaid for in th» manner beninafter stated, it is proposed to raise $6,000,-000 in cash-a sum suflicient to meet the cost of construction andequipment, and the accruing interest v^hile under construction ; also forside tr.acks and branches if deemed expedient.In consideration of the additional business to accrue to the Kansas

City Fort BcOtt & Gulf Road from business going to and coming fromthe now line, it is proposed that the Kansas Ciiy Fort Scott & Gnlf Rail-road Company shall execute a tralHc contract with the Kansas CitySpringfield it. .Meniphi.s Railroad Company, agreeing to set aside fifteen(15) per cent of its gross earnings derived from business going tourcoining from the Kansas City SpringUeld & Memphis Road, fcrtbc termof forty years.The amount set aside under said traflic contract to be applied

—

Fi'r»<—To pay, if need be, any interest on the Kansas City SprinsSeld& Memphis Railroad Company's first mortgage six per cent bifirst mortgage six per cent bonds not

lid company's road.purchase by advei'tisement of the first mortgage bonds

provided for by the earnings of said company's road.Sfcoiirf— 10 the purchase by advei'tisement of the Ui

. „of the Kinsas City SpringUeld & Memphis Railroad Company at a pricenot excecdinij 110 and interest.

The subeoriptiou to one-half of the above stock and one-half of theforty-year first mortgage U per cent bonds of the Kansas City Spring-field A Memphis Railroad Company, amounting in cash to $3,000,000,is hereby oftcred to the stockholders of the Kansas City Fort Scott &Gulf Railroad Company of record of Saturday. Aug. 6. i»81, until Mon-d.iy, Aug. 29, 1881, nt three o'clock, I". M., upon the following terms:Eacli holder of fifty shares (or rigliis) of either Kansas City Fort Scott &Gulf Railroad Company coiiimon stock, or contracts for preferred stock,or of both, to have the right to subscribe for one block, consisting of$1 ,500 in stock of the Missouri corporation, to bo paid for at par. and tobe ccnverted into shares of the con801id.ited company, as above, an<$2,000 of the tlrst mortgage six i>er cent bonds of the consolidated .

.company, when tlie consolidation shall have been eifected. at 25 percent ($5*00) bonds to bear semi-annual interest; $3,500, costing in cash$2,000. Subscriptions will only be received for blocks (costing $2,000each in cash), or some multiple thereof. • • •

Lake and Canal Hates in Jnne.—The Bnffalo CommercialAdoertuser says: " If any one entertains a doubt as to thedemoralizing influence of railway wars upon the transportationbusiness, it will be dispelled by a casual glance at the freightquotations and freight earnings. As already shown in the.so

columns, the rail rate from Chicago to New York before therupture [before navigation opened] was 35 cents a hundred, wi

i

grain. It is now from 10 to 12^ cents. The following state-'

164 THE (JHRONHJLE. [Vol. XXXm

ment. showing the average rate on wheat from Chicago to

Buffalo by laSe. and the average on com hence to New York bv

canal, for June in a series of years indicates the eflfect of rail-

way conflicts upon the water route.

, Lake. .

JTAeaf. Corn,centt. cents.

—Lake.

—

Canal.—Wheal. Corn. Wheal. Corn.

cents.Ill9-5

10-36-35-4

Tear. eenU. cents. cents

1872.. . 8-3 7-3 12 1

1873.. . 6-5 5-8 10-6

1874.. . 4-2 3-9 1131875.. . 30 2-6 6-9

1876.. . 2-S 2-3 6-2

Canal.—Wheat. Corn.

Tear.1877...1878...1879...1880...1831...

2-42-12-1714-1

1-91-81-86-63-6

cents.504-7416-94-7

cents.4-34-13-66-44-2

" There is no material change in the general condition of

affairs this year from last, with the single exception that now

the railways are fighting and then they were working harmo-

niously. Large amounts of property were awaiting shipment

at the opening of navigation in both years, and the general

trade of the country was good in both instances. But the re-

sult of the railway conflict is that a season which promised

ffood returns has been turned into a most unsatisfactory and

Unprofitable one. In the month of June last year, the receipts

of grain at Buffalo by lake aggregated 18,514,000 bushels; in

the same month this year they were only 12,728,000 bushels. Theimmense business of last year was done at an average of 7"1

cents a bushel on wheat; this year the average was only 4-1 cents.

The aggregate receipts at Buffalo, from the opening of naviga-

tion to July 1, 1880, were 40,587.000 bushels; this year, 20,364,000

bushels. The average freight rate for the season of 1880, to

July 1, was 6 cents a bushel ; for 1881, to July 1, it was 4-4

cents. It appears then that lake vessels in the grain trade

earned in 1880, during the period indicated, $2,435,160 ; this

season they earned only $896,016, which is a loss of $1,539,144."

Long Island—Flushing & North Shore.—Subsequent to

the foreclosure of the first mortgage on the Flushing & North

Shore Railroad, the Long Island City & Flushing Railroad Com-pany was organized and took charge of the ruad, which runs

from Long Island City, b^ way of Flushing, to Whitestone.

The company has leased its property and franchises to the

Long Island Railroad Company for 50 years.

—rhe extension of the Brooklyn & Montauk line from Patch-

ogne, N. Y., eastward to Moriches on the Sag Harbor branch of

tne main line (13 miles) is now completed. This forms a line

along the south side of the island from Jamaica to Sag Harbor,nearly parallel all the way with the original road through the

centre of the island from Jamaica to Greenport.

Maronette Houghton & Ontonagon.—This company hascalled $1,750,000 of its first mortgage 6 per cent bonds for pay-ment and cancellation with the proceeds of the sale of its landgrant, and from fifty to one hundred thousand more will becalled and canceled. The cash return to the company fromthe sale ot its land grant after deducting commissions, ex-penses, etc., is about $2,400,000, and the $500,000 or $600,000not used to cancel the 6 per cent bonds will be retained by theNew England Trust Company for the redemption and cancella-tion of the 8 per cent bonds now la price beyond the reach ofthe trustees of the land grant.

—

Boston Transcript.

Memphis Holly Springs & Selma.—The stockholders anddirectors of the Memphis Holly Springs & Selma Railroad metat Memphis, August 2, and changed the name of the companyto the Memphis Selma & Brunswick Railroad. Mr. Frederick"Wolffe was elected President. The capital stock of the com-pany was increased to $3,000,000.

Memphis Paducah & Northern.—The Memphis Paducah &Northern Railway, running between Paducah, Ky., and Mem-phis. Tenn., a distance of 165 miles, was sold at auction thisweek bj A. H. Muller & Son, for $2,300,000, to C. P. Huntington,John Kccles and H. E. Huntington. The sale was made undera decree of the United States Circuit Court for the WesternDistrict of Tennessee in the suit of A. C. Wertheim and othersagainst the railroad company.

Northern Pacific.—The Missouri Division of the NorthernPacific from Bismarck, on the Missouri River, to Glendive, onthe Yellowstone, 221 miles, was to have been turned over to thetransportation department on August 1.

Philadelphia & Reading.-In Philadelphia, August 3. theboard of directors of the Philadelphia & Reading RailroadIximpany held a session, at which they considered a plan of re-organization submitted by President Bond. The members ofthe b«ard were not prepared to take definite action upon thedetails, although in its general form they approved ft. Thenatter was referred to aspecial committee, consisting of Presi-dent Bond and Messrs. Welsh and Shipley, who will perfect the

wSTn^.^^. A^"^ F\t^ 5 ^^£°'* *° a meeting to be held on

l5«n^^'K^."?."''^"- ^° °?«'^1 statement of the plan wasmren out

;bnt it was reported by telegraph in New Y^rk that

^r^l^trP/T***^ '''**'""« °^ ^ g^-^'^ral mortgage on the

El^^îT K ^H '=°""P»"7 for $100,000,000, $40,000,000 ofwhich IS to be preferred and to bear 4% per cent interest Thexemaming $60,000,000 of these bonds are to bear336 Der

St°*irthetrnt*"f°/.*''^ "^J"âre'toTave'°addit"na'l1ntrr-

SL; cent ThJ ^ ^^^ road warrant it, to the amount of 6per cent. These new bonds are to be exchanged forontatanding bonds [probably the general mortgage Ind all

•dU "'«°»''°«y thus received the floatmg debt will be can-

—The Philadelphia North American says of this plan :" A

gentleman who somehow managed to get a look at the printed

form of the scheme, but who did not examine it closely, says

his impression is that only the $60,000,000 of three per cent

bonds are to be entitled to 6 per cent when earned, and not the

$40,000,000 of four-and-a-half per cents. The four-and-a-

ialfs, however, take precedence of the threes, so it virtually

amounts to $40,000,000 of first preferred stock and $60,000,000

of second preferred, with $12,000,000 to $15,000,000 of newcommon, the latter being the only one of the three issues

really called stock. The new bonds are to be exchanged for

the old, and holders of such of the latter as are well

secured will receive a bonus of new stock, said to bethree to five shares for every $10,000 of bonds, accord-

ing to the market value of the old bonds. The receipts fromthe sale of such of the new stock and bonds authorized as will

not be required to satisfy the old bondholders will be morethan enough to pay the floating debt. The total liabilities of

the company, except the common and preferred stock now out-

standing, are $93,540,318 86 ; liabilities of Coal & Iron Com-pany, exclusive of capital stock, $65,326,668 19 ; total bothcompanies, $158,866,987 05. The Coal & Iron Company'sdebt includes $39,737,965 53 in bends and mortgages held bythe railroad company and $7,148,681 61 of the railroad com-pany's loan and toll account, making a total of $46,886,647 14due from the former to the latter. This will reduce the debtof the whole Reading interest, regarded as a joint concern,

and apart from capitalization, to $111,980,339 91. Messrs.McCalmont Bros. & Co. hold about ten millions of the generalmortgage, and will thus be entitled to receive a considerableaddition to their holdings of stock."

Postal Telegraph Company.—A company has been organizedwith a capital of $21,000,000.#JamesR. Keene is President, andthe largest stockholders are said to be Mr. Keene, ex-PresidentVictor Newcomb, of the Louisville & Nashville ;;James O'Brien,of California, and George D. Roberts and European capitalists.

The prospectus promises to have lines equivalent in workingcapacity to the present Western Union system in operation byJanuary, 1883. This they expect to accomplish by the use ofpatents on a new system of automatic and fae-simile telegraph,the owner of which is said to have received $1,000,000 for theexclusive privilege obtained by the company, and which enablesthem, they say, to do all the profitable telegraph business ofthe country on 30,000 miles of wire, now done on 250,000 miles.

They contemplate a system of postal telegraph stamps for longmessages and letters, and the fac-simile feature of their patentsenables music, drawings, signatures, &c.. to be received elactlyas written or made. 'Ihey also own the Gray harmonic system,which allows seven messages to be sent simultaneously over asingle wire, in the same or opposite direction, each messagebeing sent, as it were, in a different key or tone from the others.

This embraces the Way duplex system, by which any numberof stations on a line may communicate with each other on asingle wire on which through business is simultaneously beingdone. The company has also bought the patents for the com-pound wire used by the American Rapid Telegraph Company,with the machinery and appliances used in its manufacture, aswell as the factory. The price paid is said to have been$1,500,000. This purchase will prevent the American RapidTelegraph Company from extending their lines, except uponterms stipulated by the Postal Telegraph Company. The esti-

mated cost of the company's lines, carrying 30,000 miles ofwire, with all equipments, office repairs and incidentals, is

$15,000,000.—rAe Public.

Richmond & Alleghany—Ohio Central.—The syndicatecommittee has agreed to issue to each subscriber for $10,000 ofconstruction loan, $8,000 first mortgage 6 per cent forty-yearbonds, $8,000 7 per cent non-cumulative income bonds and$10,000 stock of consolidated companies. Securities will beprepared immediately and issued when 50 per cent of sub-scriptions have been paid in. A call for 10 per cent, payableat Metropolitan Bank August 15, is made. A contract has beenlet for the building of the river division, and engineers havebeen on the ground, examining into the site for the proposedbridge across the Ohio River.

Rutland Railroad.—The annual meeting of the stockholders of the Rutland Railroad Company was held at Rutland, Vt.,

July 27. Mr. G. M. Barnard, of Boston, stated that next yearthe income of the corporation will be $269,784, the expendi-tures only $192,600, leaving nearly $78,000, which will pay adividend of $2 per share on the preferred stock. After deduct-ing the dividend already declared, there would still remain inthe treasury $29,000. The company, therefore, could in Januarynext, if thought best, declare a second dividend of $1 50 pershare on the preferred stuck. The condition of the road June30, 1881, was as follows:

STATEMBNI OF ANNUAL RECEIPTS AND PAYMENTS.

„ ,Reccinls.

Cash on liand $23,679 I From sale of 6 p. c. bonds $1 .'54,900Rent of roiide.... 258,000

| From sale of 5 p. c. bouds iH5,900Kent of real estate. 2,501

I

Dishitrsments.$024,981

10,04«6,279

254,785

41,116

Coupons, 1st mort. bonds $84,27(1Coupons, 5 per ct. bonds. 4«,052?«riP-- 11.052mterest on scrip 4 o^îlEyulpnient bonds SoUoOTiiterest on bonds 4 (i!)4Bent of Addison RR 15,000tnterest acc.uut 16,225 $624,981

.$1,457,000 of the first mortgage bonds have been stamped

down to six per cent interest. There remain outstanding $2,100

Salaries and mis. expens.TaxesBills payableRutland & Burlinirtou . . (

Bouds and liiteiost S

Casliouband 78,060

AuocsT 0, 1881.

1

THE ('HRONJCLJi 155

of tha old Rutland Sc Burlington flnt mortgage bonds, but the

statutu of limitations having expired upon them, they are nolonger a legal i-laiin against tniw company.

St. Paul it niiliith.—This company annoances the issue of

a first mortgage loan of $1,000,000 5 per cent, ."iO-year bonds.

These bonds are secured by a mortgage or trust deed to the

Centrr.l Trunt Company of N'ew York, conveying tha railway of

the railroad company and branches, constructed and to be con-

structed, or acquired by lease or otherwise, and generally all

equipments, appurtenances, property, revenues, franchises andlands (excepting the land grants of the company), not required

in the operation of the railway, .and subject to the joint interest

of the Northern Pacific Uailroad Company in twenty-four miles

of the railway, extending from the Northern Pacific Junction to

Duluth. The authorized capital of the company is $0,000,000

of preferred stock and 10,000,000 of common stock, of which^,705,000 preferred and $4,055,400 common remains out-

standing. Out of the net income of the property for the past

four years over |.500,000 has been expended in its extension, im-

provement and equipment, and $844,000 in preferred stock has

been retired. The bonds are issued for the purpose of further

improvement, replacement with steel rails, proridiug additional

equipment and fatalities for the operation of the railway, andfor tne extinguishment of any indebtedness incurred for suchimprovements. Proposals for the loan will be received until

August 15.

St. Louis Iron Mountain ic Southern.—This company hasissued the following circular, signed by Mr. Marquand, thePresident. "New York. Julyit). 1881."Tlic St. Louia Iron Moiintain A Southern Kailway Company liave, for

» long time, been couslilerliiK the ailvantages to result from oicupjiii)?thd territory In Arkansas strictly tributary to the lino of tlieir road.This doteruiiuatlou lias been striiinlbuned by numerous appeals to thecompany from towns and count ies along the projected routes. It hasflnauy licen decided by tlio board, under the advice of f lie executivecomriilltce. to build—uudcrthc authority contained intlie Cairo & FultonKallroad ciiarter—a line from Knobel, on the northern state line ofArkansas, soutliwardly throiiRh Crowley's RidRC via Forrest City, onthe 5Icnii)his A Little Kock Kailway, and thence to the southeast cornerof Ashley County, on the State line of Louisian.a, about two hundred andfifty miles, with a branch eastward to Kennett. This route sweeps theentire range of eastern counties in tlie erowiutf State of Arkans:ts." Tlie St. Louis Iron Mountain iV Southern Railway Comp.any lias con-

tracted for the liuildiiiK of the above line with the Hudson Kiver Con-tracting company, and Is to pay for the construction of said line in bondsand stock, as provided in said contract, and lias also entered into anarrangement with tlie contracting' company whereby the stockholdersof the .Missouri Pacitlc Itailway Company will bo entitled to subscrtbofor the stock of the contracting company, as liereinafter set forth; thuscnaliling tlie suliscriljers to participate in the profits of the constructionunder ttie said contract."Nearly all of the shares of the St. Louis Iron Mountain & Southern

Railway have been oxchiingcd for those of the Missouri Pacifl(^ RailwayCompany, and the sharchoiilors of the last-named company, under thearrangenient above referred to, will be entitled to subscribe tor thestock of the contracting company upon the following terms

:

" Each holder of tlie stock of the Missouri Pacitic Railway Company,who is a .stockholder of record on the 8th day of August 1881, will beentitled to subscribe for one share in said contracting company for everyten tlioii held by him lu the Missouri Pacific Railway Company. Suchright to 8Ubscrit)e will expire on tlio 15th of August, 1881. Any amountnot subscribed on or before that day may be disposed of in sucli manneras may be deemed best. Enough stook in the contracting company has,however, been reserved until the '25th of August, 1881, to enable anyholder of shares in the St. Ix)uis Iron Mountain & Southern RailwayCompany, who has not already cxchi»nged the same for Missouri PaciUoshares, to make such exchange, and tnereupon to avail himself of theprivilege of making the subscription herein otfered." An instalment of 10 per cent will be payable on August 15th, when

transferable receipts will be issued. The residue of the subscriptionwill be payable in instalments not execeiliug ten per cent monthly, asthe worit progresses.

" If any subscriber, or his assignee, fails to p.ay any instalment withinten days alter the publication of the call therefor, to bo made byadvertisement thereof for three days next prior to the day of pavment."* " • -'tlieu such subscriber, or his assignee, (shall, at the option ofthe contracting company, forfeit all the payments made, and all right toany further participation In his subscription.

" The books of the Missouri Pacific Railway Company will be closedfor the purpose of this subscription on the 8th day of August, 1881, andre opened August 15."Stockholders may make payments of their subscriptions to D. D.

Parmly, Treasiu-er of said contracting company, at No. 20 Nassau Street,Now \ ork City,"

—The governing committee of the Stock.Exchange has ruled,regarding the above circular, that on all sales of MissouriPacific stock made previous to the closing of the transfer bookson August 8 and delivered after that date, the seller must givethe buyer a written right to subscribe to the stock of the Hud-8oh River Construction Company. The holder of the rightmust give notice to the maker thereof in writing on or beforeAugust 15, of his wish to take the stock of the Hudson RiverCompany, thereby making himself liable for all paymentsthereon as required. This also applies to borrowed and loanedstocks after closing of the books. The call will be exclusive ofthe right.

Senora FJallroad.—.Advices from Gnaymas, dated July 18,say that the Sonora Railroad is in running order for 57 miles,and that 52,000 ties are on the ground for track-laying.

Texas ii Pacific—The Texas & Pacific Railroad accepted, onJuly 28, fifty miles more of track west of Carson, which makesthe track accepted 100 miles west of Big Springs and 401 mileswest of Dallas, and 622 miles west from Texarkana.Toledo Ann Arbor & Grand Trunk.-This railroad was

flnisbed to South Lyon July '29. It is expected that the roadwill be completed to Pontiac within sixty days.

—The Pullman Palace Car Company have declared theirnsnal quarterly dividend of two per cent (being the fifty-sixth),payable August 5, at Farmers' Loan & Trust Company, NewYork ; New England Trust Company, Boston, and Company's•fflee, Chicago.

i;ixe Ccrmmercial ^imcs.

OOMMKRCIAL EPITOME.Friday Niomt, Aijo. 6, 1881.

The business for tha autumn season opens with considerableaotivitr, and notwithstanding the prevalence of moat nnoom-fortabla weather, mak'-s fair progress, with the promise ofsatisfactory results. The apeculative " corners " in such im-portant staples as cotton, oats and lard have practically ended,and the chief speculative interest is now directed largely towheat and com. The reports from President Garfield continueto give encouragement of his early recovery.

'The following is a statement of the stocks of leading articlesof domestic and foreign merchandise at dates given :

1881. 1880. 1881.July 1. Aug. 1. Aug. 1.

Pork bbl».Beef tcs. andbbls.Lard tc»,Tobacco, foreign bales.Tobacco, domestic libds.Coffee, Rio ba^.Coifec, other ...batfs.Coffee, Java, 4o mMS.Sugar bhds.Sugar traxes,Sugar bafni, &c.Melado lihds.Molasses, foreign bhds,Molasses, domestic bbls.Hides No.Cotton bales.Rosin bblsSpirits turpentine bbls.Tar bbls.Rice, E. I bags.Rice, domestlo bbls. and tcs.Linseed bags.Saltpetre bags.Jute balesJute bntts bales.iranila hemp bales.

17,248 45,574628 4,857

69.477 62,80120,006 23.90941,797 41,643

116.475 116,28178,300 82,242

108,080 183,44102,218 l;20,1936,891 10,074

972,000 941,510272 6,516

2,737 1 ,9022,500 2,500

257.400 273,100150,015 97,01527,730 37,0282,498 1,'289491 42

8,000 4.5004,000 1,270

98,900 33,5649,800 11,5001,950 4.930

37,300 G2,1624,216 •.2!»,900

24.752302

84.30420,90342,92990,1.'5077,200

112,323104,601

4041,019,000

1784,5723,500

207,2 DO125,08630,4213,423936

6,5402,650

101,9009.3002.000

34.3007.957

The weakening of speculative interest in lard has left thewhole market for "hog products" comparatively dull j yet thedeclines in the different descriptions, except lard, are very slight,

if any, owing to the bad prospects of the corn crop, ana theadvancing value of that staple. To-day pork was entirelynominal j mess offered at $17 95®$18 for this and the next twomonths. Lard was a shade firmer, but receded, with optionsclosing at $11 47^ for Aug.. |11 52>6 for Sept., $11 55 for Oct.,

$11 15 for Nov. and $11 02>:^@$11 05 seller the year. Refinedfor the Continent quoted at $11 55. Bacon and cut meats arescarce and firm. Beef and beef hams remain quiet. Butterstill tends upward. Cheese is without essential change. Tallowhas met with a moderate demand at firm prices,'

Rio coffee has been much more active, and prices hare ad-vanced to 1154@12^c. for fair to prime cargoes—an advance of^@%c. per lb The stocks in first hands in the United Statesare reduced to 106,000 bags, but purchases and the quantityafloat and loading are 217,000 bags. Slild grades have alsobeen much more active at firm prices, but stocks are still liberal.

Rice has been steady. Some of the new crop has been received atNew Orleans. The tea sales this week have gone at full

prices, and two cargoes of new crop have arrived. Molassesremains nominal, and 50-test is quoted at 34^c. Raw sngaishave been verv dull, and fair to good refining grades areeasier, but stiU quoted at 7%@7?4c ; No. 12 boxes, 8@8}^c.,and centrifugal, S%@8%e. Refined has met with a fair tfade,

and to-day prices are firm at 10@10%c. for hards.

There has at length been a movement of some importance in

Kentucky tobacco, and salts for the week amount to 3,000 hhds.,

of which 2,800 for export and 200 for home consumption. Thesales for export are understood to be for accouat of the Spanishcontract, recently awarded to a Paris house. Prices are veryfirm, and iugs are quoted at 5(gi5^c., and leaf 5M@12)6c. Thebusiness in seed leaf has also been a pretty full one, and sales

aggregate 2,400 cases for the week, as follows: 500 cases 1880

crop, Pennsylvania, assorted lots, 12@20c.; 400 cases 1879 crop,

Pennsylvania, 10@40c.; 300 cases 1880 crop. New England,including seconds, 10(912^c., and Havana seed, private terms;

350 cases 1879 crop. New England wrappers, 15@30c.; 100 cases

1879 crop, Flats, private terms; 150 cases 1880 crop, Wisconsin,

Havana seed, private terms; and 600 cases 1880 crop, Ohio, 5>i@6Mc. Also, 800 bales Havana at 8'.c.@$l 20.

Naval stores have remained firm, and although rosins havebeen rather quiet, strained to good strained grades are still

well supported at $2@$2 07?^, and spirits turpentine at the

close was advanced to 43c. in yard in sympathy with the South-

ern markets and the reduced offerings here. Petroleum oathe contrary has been dull and closed weak at 7^6c. for refined

in bbls., and crude certificates, after a fair speculation athigher figures, fell back to 75%c. bid. Ingot copper remains

firm at 16>^@16''6c. for Lake. Steel rails are very actively

called for ; sales of 100,000 tons are reported for 1882 delivery ;

the quoted figures at tidewater are $55@$60 ; iron rails are

also active at |47@$49, and old iron have received fair atten-

tion and close firm at $27@$30. Lead has been active at 4%&4 '90c., but closed strong at 5c. for common domestic. Hops are

steady and a fair trade to brewers is reported. The crop

reports apparently indicate a slight short^e in the crop for

1881. Wool has continued very quiet and pnces rule weak andirregular.

. ,

,

:, .

Ocean freights hare been more actively inquired for, and.owing

to moderate supplies of tonnage rates, rule higher and firm.

156 THE CHRONICLE. [Vol. XXXIU.

COTTON.Feidat. p. M.. August 5, 1881.

The MoVRjresT o» thb Ceop. a-s indicated hy our telegrams

from the &>uth to-niKht, is given below. For the weekending

thU evening (August 5), the total receipts have reached 17,818

bales, agaiMt 16.151 bales last week, 19.362 bales the previous

week and 18,199 bales three weeks smne; making the total

receipts since the 1st of September, 1880, 5,775.376 bales, against

4 899 884 bales for the same period of 1879-80, showing an increase

since'September 1, 1880, of 875,492 bales.

Xeeeiptt at—

<Jalve8ton 293Indianola, lie.

Kew Orlcang... 310

JlobUe 38

Florida

SaTannali 337

Brunsw'k, &cCiarleston 60

Pt. Royal, AcWilmington

—

72

Horeli'd C.,&c —Norfolk 475CltyPolttt,&c

HewYortBoston 260BaltimoreFbiladelp'a, &o. 450

Totals thisweek 2,295

Sat. MOH.

U31

811147

230

47

1

433

144

478

670

3,592

Tues.

418

344132

463

139

1

125

226375

125

2,838

Wed.

530

24261

762

47

11

108

59213

444

2,47'

Thurs.

110

1,918

13

426

17

59

201

309

3,058

Fri.

600 2,582

21 21

79u 4.924

22 4081 1

347 2,565

59685

8554120713410451352

3,538

Total.

369

6314985

1,883

207563

1,739

5131,741

17.818

For comparison, we give the following table shovfing the week's

total receipts, the total since Sept. 1, 1880, and the stocks to-night

and the same items for the corresponding periods of last year.

Jteceipis to

August 5.

Galveston

Indianola, &o..

Kew Orleans

MobileFlorida

SavannabBinnawick, cSeo.

Cbarleston

Port Royal, 4c.

Wilmington...

M'head City.&c

Norfolk

caty Point, &eKew YorkBostonBaltimore

PhUadelpMa, &c.

1880-81.

Thin

Week.

2,58221

4,924

408I

2,56c

36968

14985

1,883

207563

1,739

5131,741

Total 17,818 5,775,376

Since Sep,

1, 1880.

670,355

15,361

1,576,879

384,26620,373

869,242

5.019

619,396

50,010

118,222

30,591

715.010

211,006

172,795

184,746

51,618

80,457

1879-80.

This Since Sep.

Week. 1, 1879.

463

3

1,025

197

3

555

32

998

109

2

1,391

261

1,63589'

691,312

465,5867,759

1,484,887

353,77920.144

724,211

3,675

453,50930,622

76,50226,965

579,835155,556215,66:

229,477

19,307

52,378

Slock.

1881. 1880.

20.602

63,958

3,873

5,086

5,059

79449746

3,672

122,285

7,945324

1,744

8.932 4,999,884 236.137 170.763

2,375

39,361

4,175

4,298

1,929

775

4,832

91,153

9,417

3,726

8,727

In order that comparison may be made with other years, weIfive below the totals at leading ports tor six .seasons.

Jteceipis at-

Oalveal'n,&c.

New Orleans.

Mobile

BavannabCliarl'at'u, AcWilm'gt'n, &cNorfolk, &o..All otbers

Tot.tUs w'k. 17,818

1881.

2,603

4.924408

2,565

437234

2,090

4,557

1880.

4661,025

197

555998111

1,652

3,97o

8,982

1879.

2,213

461113

34

3026

135

930

3,945

BInce Sept. 1.I.5775.376 4899,384 4440,101 4263,159 3960,930 4092,594

1878.

333638211249354611435233

3,069

1877.

23376080

203255199145232

2,102

1876.

3171,513

222613924156

1,683

443

5,371

W»raiSJSni!,''?'"i''"*J°*'j"'°!*= Charleston includes Pore Royal, &c.;WUc^»ff»n Includes Morehead City, &a.: Norfolk includes City Point. &o.

«f^VJ^1* for the week ending this evening reach a total

Ssi,;^ ^*a^î °^ *1»'«1» 29.279 were to Great Britain, 342 toF»noe and 661 to rest of the Continent.' while the stocks as

S^t*."? îfeêîng are now 236,139 bales. Below are theOTporti for the week and since September 1 1880

Xxporfrom— Great

Brifn.

OalTMton....Mew Orleans.MobileVlorlda

8«Tannah ....

Chsrleston *..

WUmlngton..NorfolkKew YorkBoetonBaltimore....

PtUladelp'a.^.

Total

"Total xsm.m

Week Ending Aiig. 5.

Bzpartid to—

France

3,844

11,388

8,517

4,S3V

S,S!(!

8i.«79

2i.07«

34S

MiS,0O2

Conti-

nent.

48«

175

"aei

IVom Sept. 1. 18S0, to AUQ. 5. 1881.

Exported to—Total

Week.

3,894

11,384

3.8.',9

4,339

33382,880

Great

Brttain.

315,289

917.67;

84,070

2:o,oi5

200.565

57,148

316.046

394.144

124,740

130.985

71,413

2305,lTl

•InolaAes exporU from Port Eoral &«

653.67.

32.4 19 2.573.»3^ JmT.ITT

France

53.0'Jit

338,174

84,774

87,886

81,910

1,441

2,850

38,6i5

Conti-

nent.

108,746

335,523

7,419

269,914

217,288

11.S22

9.923

1 18,475

231,345

102

1,127,943

T^Jtol

4770611,808,373

116,263

In addition to above exports, our telegrams to-night also giveus the following amounts of cotton on shipboard, not cleared, atthe ports named. We add similar figures for New York, whichare prepared for our special use by Messrs. Carey, Yale &Lambert, 60 Beaver Street.

607,795

479,743

69,812

328,318

549,144

. ! 24,712

152,330

74.545

4,488,829

8.M.2<7 3.818.403

Ano. 5, AT-

BTew Orleans.MobileUnarleston...SavannabBalvestonSew YorkOtber ports..

Total.

On Shipboard, not cleared—for 1

OreatBritain.

France. OtherForeign

Coast-wise.

Total.

5.856None.None.None.2,8043,2001,100

1,4:14None.None.None.Nono.Neue.None.

99None.None.None.None.500300

None.None.

5090056.5

None.000

2.115

7,389None.

50900

3.3(19'3,9,502,000

17,05312,960 1,134 899

LeavingStock.

56,5693,873744

4,1,5917,233

113.33517,566

218,479

• Included in tbis amount there are 2.50 bales at presses for foreignports, tbe destiQa.ion of whiob we cannot learn.

The bull movement in cotton for early delivery, having its

origin in the needs of Great Britain, seems to have culminated

in the fore-part of the week under review, when August sold at

12'25c., against 10'45c,, the lowest figure of the season; Septem-

ber at 11-43C. and October at 10'76c. Since Monday the market

has been variable and unsettled, but in the aggregate showing

some decline. There is, however, no pressure to .sell the next crop.

Exceptional weakness was caused in September contracts by the

forcing weather at the South and indications that the next crop

will be a comparatively early one. Yesterday the opening wasweak, but the bull party again became buyers, and the close wasslightly dearer. To-day there was a further advance, on reports

of excessive rains on the eastern portion of the Gulf coast. Cot-

ton on the spot advanced /^c. on Saturday, and again on Mon-day, to 12>^c. for middling uplands; this advance checked busi-

ness, and the market became dull and weak. Y'esterday the

medium and better grades declined 1-lGc. and the lower grades

>^@5-16e. To-day the market was quiet and unchanged, mid-dling uplands closing at 12 l-16c.

The total sales for forward delivery for the week are 371,900

bales. For immediate delivery the total sales foot up this week4,377 bales, including 735 for export, 2,826 for consumption,

816 for speculation and — in transit. Of the above, — bales

were to arrive. The following are the official quotations and.sales for jach day of the past week.

July 30 to

Aug. 5.

UPLANDS. NEW ORLEANS. TEXAS.Sat. niou Tnee Sat. ITIon Taes Sat. Itton. Tae«

Ordln'y-^lb 8ili« 813,„ 813,„ 815,

„

91, << 9'io 815,6 9>16 9'isStrict Ord.

.

9Jl« 9" 10 »'I<1 9',fi a"! 6 »»« 9^1 i99" 90"

Good Ord.. lOif. lOM IOI4 10% lOis 1012 1038 io4 101^3tr.G'dOrd 1058 10% 10% lO's 11 11 Wi 11 11Low Midil'eStr.L'wMid

ll°l« ll''i« Um« ll»rn T1I1,B ll'''l6 Il!>,„ 1111,8 1111,6ll«j 11''8 ll's 12 1218 1218 12 121fl 12M

MiddUng...Good Mid..

12 1218 12% 1214 1238 1238 1214 1238 1238l-i^ V2H 1258 12% 12'8 12^8 12% l2-'8 1278

Str.Q'dMid 12?l 1278 Vz'n 13 1318 I3I8 13 13% 1313Midd'g Fair ISH! 1358 13% 13% 1378 is'â 13% 13^8 1373Fair I414 1438 14% 14ia 146g 1458 141a 14% 1458

Ordin'y.ÛiStrict Ofd..Good Old..Str. G'd OrdLow Midd'gStr.L'wMidMidrtlin?...Good Mid..Str. G'd MidMidd'g FailFair

Wed Th. Frl. ,We4l Tta. Prl. VfeA Tta. FrI.

S'3ia' 313 8H1 1 91,6 8%96,9 Bl8 91« 93,8 938

I014 10i,e 101 IB 1012 105,810% 10% lOSg 111 loâll'lB 11% 11% lllli6ll%Ws 1113,6 111»16 1218 121,612% 121,0 121,5 [12% 125,812% 129,8 129,8 1278 12l3,e12^8 1213,6 1213,e'l3i8 131,613% 139,6 139,6 llS's 1313,614% 145,6 143,8 14% 149,6

8%9%

105,610^811%121,6125,612:3,6131,,1313,6149,6

91,6

?.>101211lli'ie12%12%127813%137e14%

8%9%

105,6107811%121,6125,812liS,6

131,,1313,8149,6

8%9%

105,8107811%12'16125,61213,613118131»i8149,8

STAINED.

Good Ordinary ^ lbStrict Good OrdinaryLow MiddlingMiddling

Sat.

85,,

95,,

915,6nil

mon Tnes Wed

S3'89'ie

101,611%

S'le97l8

101,611%

87,697,8

101,611%

Tb.

8%01410115,8

Frl,

8%9141011°1«

MARKET AND SALES.

Sat..Mon .

Tuea.Wed.TbursFri . .

Total

SPOT MARKETCLOSEU.

Quiet at % adv..Q't & flnu at % adQuietUull and easier..Quiet at rev. quo.Dall

SALES OF SPOT AND TIl.VSSIT.

£1-port.

Con- Spec- Tran-sump, ut't'n sit.

Jôiai.

lOl!

500134

252397565005612395

iSi735! 2,820

660

816

1,013397565

1,105814483

4,377

Sales.

61,20047,30073.00049.80072,20068,400

371,900

Deliv-eries.

300200200400500200

1,800

Tbe daily deliveries given above are actually delivered tbe day pre-vious to tbat oa wbicU tbey are reported.

The Sales and Pricks of Futures are shown by the follow-ing comprehensive table. In this statement will "be found thedaily market, the prices of sales for each month each day, and

I the dosing bids, in addition to the daily and totol sales:

August 6, 1881.J THE CHRONICLE. 167

Rtook St Anut«rd«m bales.Stock kt RotterdamBtook at AntwerpBtook at other oontl'Dtal porta.

1B81.88.4004.4203,50012,300

1880.16.<MK>2,980R81

20,800

1879.30,000

4001,0000,200

1878.44,7509,00Oe..M)018,000

Total oonUnencal porta.... 350,320 234,191 202,600 301,750

Total EaropAan Ktockii.. ..1,100,020 1,006.091India cotton iitliiat for Kiirope. 2i4,000 191.000Amcr'noott^miflofttforEiir'pe 159.000 103.000EKyi)t.Kni7,ll,.tr..ftlltfi)rEVp« 19.000 13.000Stock In Unili-il Ht»U« ports .. 236,137 170.873Stock In U. B. interior p<<rU..

.

24,609 23.005United 8t« tea exporta to-day.

.

8.300 6,000

757,900300.00042.0007,000

101.5196,758

914,ii00229,00049.0007.00«

65.0204.3SO2,000

Total vlalble supply 1,860,156 1,512,969 1,218,207 1,270,900Oftlie aiiove, the totala of American and otber deaortptiona are *a (ollowe:Amertean—

Uverpool stock 592.000 481.000 309,000 482.000Conthipnl,il «took» 248.000 128.000 154,000 375,000American attoiit for Europe.... 139.000 103.000 42.000 49.000United States stock 236.137 170.873 101.549 65.020United States lnt«rior etooka.. 24.699 23.005 6,758 4.380United States exporta to-day.. 8,300 6,000 2,000

Total American 1,268,136 911,878 676,307 877,400Ecut Indian, BratU, itc.—

Liverpool stock 183,000 233,000 134,000 117,000London stock 41,700 55.900 -52,300 13.750Continental stocks 102,320 106,191 48,600 26.730India afloat for Europe 244,000 191.000 300.000 229.000Egypt, Brazil, ibc, afloat 19,000 13,000 7,000 7,000

303,500877.400

Total East India, <tc 592.020 601.0il 541.000Total American 1,208,136 911.878 67«,307

•R)tal visible supply 1.860.156 1,512.909 1,213,207 1.270.900Price Mid. Upl., Liverpool .... 6l3iad. 6i3i8d. 65i8-l. SOgtL

.

The above figures indicate an increase in the cotton in sightto-night of 347,187 bales as compared with the same date of 1880,an increase of 641,949 bales a;s compared with 1879 and an i/i-

crease of 589,256 bales as compared with 1878.In the preceding visible supply table we have heretofore only

iacluded the interior stocks at the seven original interior towns.As we did not have the record of the new interior town-s for the/our years, we could not make a comparison in any other way.That difficulty no longer exists, and we therefore make the fol-

lowing comparison, which inclades the stocks at the nineteentowns given weekly in our table of interior stocks instead of onlythe old seven towns. We shall continue this double statement for

a time, but finally shall simply substitate the nineteen towns forthe seven towns m the precedmg table.

A.menean— 1881.Liverpool stock , bales 592.000Continental stoeks 248.000American afloat to Europe 159.000United States stock 236,137United States Interior stocks.

.

36,829United States exjports to-day.. 8,300

Total American 1,280,263Ecut Indian, hrwtU, de.—

Liverpool stoijk 185,000London stock 41,700Continental stocks 102,320India afloat for Europe 244,000Egypt, Brazil, iic, afloat 19,000

Total East India, Ac 502,020Total American 1,280,263

1880.481.000128.000103.000170.87341.5076.000

1879.3ti9.000154,00042,000104,34913,049

1878.482.000i75,00049.00065,0208,3462,00O

930,380

233.00055.900

106.191191.00013,000

632,598

3 34,00052.30048.600

300.0007,000

881,366

117.00013,75026.750

229,0007,000

601.091930,380

541.900682.598

393..30O881.366

Total visible supply 1.872,283 1,531,471 1,224.493 1,274.866

E^~ The imports into Continental porta this week have been19,100 bales.

These figures indicate an increase in the cotton in sight to-

night of 340,812 bales as compared with the same date of 1880, anincrease of 647,785 bales as compared with the corraspondinedate of 1879 and an increase of 597,417 bales as compared with1878.

At thb Interior Ports the movement—that is the receipts

and shipments for the week, and stocks to-night, and for thecorresponding week of 1880—^is set out in detail m the following

statement:

Includes sales In September for Stsptembcr, 621,400; Sept.-Oot. torOct., 940,500; Sept.-Nov. for November, 762,100 ; Sopt.-Deo. for Decem-ber, 1,464.500; Sept.-Jan. for .January, 2,533,900; Sept.-Feb. for Feb-ruary 2,372,700; Sept-Maroli for .March, 3,46l!,100; 8ept.-April forApril, 2,595.800 ; 8ept.-May for M.iy. 2,156,400; Sept.-June for June,2,224,500 ; Sept.-July for July, 1,707,000.Transferable Orders—Satunlay, 12-15; Monday, 12-20: Tuesday,

1210; Wednesday, 12-10; Thursdiiy, 12-15; iYiday, 12-20.Short notices for AiiRust—Saturday, 12-10.

The following exchange has been made daring the week:100 pd. to exch. Nov. for Dec, even.

Thb VisiBLB SoppLT OF CoTTOJf, as made up by cable andtelegraph, is as follows. The Continental stocks ate the figuresof last Saturday, but the totals for Great Britain and the afloatfor the Continent are this week's returns, and consequentlybrought do\vn to Thursday evening; hence, to make the totals thecomplete figures for to-night (Aug. 5^, we aidd the item of eiportsfrom the United States, including in it the eiports of Friday onXv.

_.„,,. 1881. 1980. 1879. 1878.Btook at Liverpool bales. 777.000 716.000 503.000 5Si!>,000Btock at London 41.700 55,900 52,300 13,750

Reeeiptt. Shiptn'tt Stock.

Total Great Britain stock

.

818,700 771,900 555,300 612,7'*0Btockat Havre 193,000 78,800 106,000 140,500took at Marseilles 4.800 7,230 2,000 8.000Wock at Barcelona 36,600 59,100 27.100 33.000took at Hamnurg 4,300 2.900 3.500 7.750Btook at Bremen 54,000 38,800 26,400 34,250

Week ending A ug. 5. '81. Week ending Aug. 6, *80.

8541999717663

1,043356

1,1571,046311226104

1,615SOU

Augusta, GaColumbus, Ga...Macon, Ga.*Montgom'ry.Ala.Bclma, AlaMemphis, Tenn..Naabvillc, Teun.

Total, old ports..

Dallas, Texas. .

.

Jefferson, Tex.*.Shreveport, La..Vioksburg, Mies.Columbus, Miss.

.

Eufaula, AlaGiimn, GaAtlanta, GaRome, GaCharlotte, N. C.St. l..ouid. Mo.CtucinuatI, O.

Total, new ports

Total, all 4,786 I 8,886

2,788

22739245177

11015

2172760

'891

4,768

435252287205

389224

90611460

i'.446

4,389526

2,5601,8571,395

10,3273,143

1,998 4,118

24,699

167198

1,16942039166146

4,211716359

4,669

12,127

Receipt*. Shiptn'tt

1C743

"'21

2075575

36,826

1,051

468

6238

24355

2721,034

331333

28450

2,941455

Slock.

1,809

2,860

4,434

92188853

159139

4,0761.924

3,9562,3511,2441,814U03

10,3072,725

23,005

720

3351990

1.000593

7.5741,284103

5.3A92.089

6,550 18,986

10,984 41.507

* Tliia year's figures estimated.

The above totals show that the old interior stocks have de-

creased during the week 1,980 baits, and kk to-night 1,694

bales more than at the same period ai year. The receipts at

158THE CHRONK^LE. [Vol. XXXIIL

the «me towns have been 1,737 bales more than the same week

'H^y'"*''- „„- -rmt Plajttatiovs.—The following table is

BBCBim F^M Tm ^ÂnoNS^^^ ^^^^^ movement each

prepared ^«f^tl>«P%^ °^Receipts at the outports are some-

wee^ from the plantations K«cwptfargely one year

times misleadmg, M ^^^7_?^t,'^^^^XAav stock!. We reach,luuK."""r*r*"7'V>,7 ftvnense of the interior stocks,

r«r«o~»"e.h'f^s.ta»'i «»t p^ of a. ..»p

«iidin»—

May 20•• 27

Jane 3•• 10 ....

" 17....•* H

JniT 1.. .-

•• 8" 15•• 28" 29

Aug. S.

Reaiptl at the Portt.

1879.

16,873

17.113

11.089

0,612

7.1S8

6.203

3.637

3.032

2,809

8,372

2,503

3.915

1880.

26.51

«

23.784

23.674

18.580

19.870

23,511

17,057

11.070

10.691

13,118

10,859

8.9 ffl

1881.

Stock at Interior Ports

1879.

42,415

E6,851

32,612

29,432

28.218

33.476

20.662

19,163

18.199

19.362

16.151

17,818

1880.

161.455

143,241

130,635

'.5,

90,190

81,172

75.103

71,950

15.428; 66,198

14,410 56,688

13,960 49,631

13,0191 41.50'

51,429

42.198

87,570

82,429

29,306

25.223

22,388

20.691

1881.

158,248

132,471

12SJM298,428

88,232

81,875

69,983

64,212

54,77

48,397

40.926

3«.828

Rec'pt^ from Plant'in.

1879.

8,853

7,8Sa

6,461

1,471

4,066

2.210

802

1.335

2,154

2.059

3.028

1830.

11.812

5,550

11,068

2,933

1,1

8,493

10,988

10,91

4.9391

8,612

8,828

8581

1881.

25,347

11,074

23,513

4.51S

18,022

17.119

8,775

13,8?7

8,764

12.982

8,680

13,718

The above statement shows—, ^ ^. . a ^ • :„

1 That the total receipts from the plantations since Sept. 1 in

1880-81 were 5,754,277 bales; in 1879-80 were 4,9*4,090 bales; in

1878-79 were 4,449,852 bales., , ^, i %

2 That although the receipts at the out-ports the past week

were 17,818 bales, the actual movement from plantations was

only 13 718 bales, the balance being taken from the stocks at the

interior ports. Last year the receipt.s from the plaatations for

the same week were 858 bales and for 1879they were 3,028 bales.

Weathee Reports by Tbleoraph.—The weather during the

past week has been generaUy more favorable throughout the

KTsater portion of the South. In some sections of Alabama and

Georgia, however, they complain of too ranch ram. The tem-

perature has been quite high in most sections.

Galveston, Texas.—It has been showery on one day the past

week, the rainfall reaching forty hundredths of an inch. Weare needing more rain. Many sections have had showers, which

were very beneficial, but insufficient. Everywhere the complaint

is still of drought. Bottoms are not suffering much, but up-

lands and sandy lands need moisture badly. Picking is getting

under headway everywhere. Fifty-one bales of new cotton

were received during the past week, making sixty bales thus far.

The thermometer has averaged 85, ranging from 77 to 91. Rain-

fall for the month of July, four inches and thirty-five hundredths.

Indianola, Texas.—ê have had rain on four days the past

week, doing an immense amount of good to cotton. The rain-

fall reached one inch and fifty-four hundredths. Crop accounts

are more favorable, and picking is fair. Average thermometer

82, highest 92 and lowest 75. During the month of July the

rainfall reached two inches and sixty-one hundredths.

Corsicana, Texas,—11)^6 weather has been warm and dryduring the past week. Cotton is doing well enough. Somepicking is going on. Average thermometer 87, highest 101 andlowest 72. Ilainfall for the month of July, two inches andthirty-eight hundredths.Dallas, Jfeajos.—The weather during the pa«t week has been

warm and dry locally, but many sections have had good showers

hundredths. The thermometer averaged 81, and ranged from

'^'^Nashville, Tennessee.—y^'i have had no rain during the past

week. It is greatly needed . The thermometer has averaged 81,

ranffing from 60 to 97. , , ,

Mobile, Alabama.-lt has been showery on one day, and has

rained severely on three days the past week tte rainfaU reach-

ing nine inches and ninety-three hundredths We are having

too much rain Crop accounts are less favorable, and accounts

from the interior are conflicting. Caterpillars have appeared on

the black-lands of Alabama and East Mississippi, but the damage

done is as yet limited ; rust and drought are also causing-

anxiety in some sections. The thermometer has ranged from 69

to 93 averaging 81. The rainfall during the month of July

reached two inches and seventy-seven hundredths.

Montgomery, Alabama.—It has rained constantly and

severely three days the past week, and is still raining Ihe rain-

fall reached two inches and ninety hundredths. It is feared

that we are havine too much rain. Caterpillars have appeared,

though the injury done is as yet limited. A bale of new cotton

was received July 30 from Eufaula ; it was raised at W. R.

Reeves' Georgia plantation, Ave miles from Eufaula, on the

Chattahooche River. It classed strict good ordinary, high color^

and was .shipped to New York August 1. The new bale received

August 2 was raised at W. H. Spirs' plantation, this county,

clas-sed good middling and was shipped to Mobile, ihe ther-

mometer has ranged from 68 to 94, averaging 79. Ramfall for

the month of July, two inches and eighteen hundredths.

Selma, Alabama.—T\ê early part of the past week was clear

and plea-sant, but during the latter portion we have had ram on

three days. The rainfall reached seven inches and seventy-six

hundredths. The thermometer has ranged from 68 to 99, aver-

Madison, Florida.—^ye have had rain on two days the past

week, but not enough to do much good. We hear rumors of

the appearance of caterpillars, but think them of very little

importance. The cotton plant looks strong and healthy, andthe fields are clear of weeds. Average thennometer 83, highest

90 and lowest 76.

Macon, ffeo/-.9«a.—Telegram not received.

Columbus, Georgia.—\i has rained on five days the past

week, the rainfall reaching two inches and five hundredths. Weare having too much rain. Four bales of new crop cotton re-

ceived to-day. The thermometer has averaged 81, ranging

from 73 to 87. The rainfall during the month of July reached

six inches and one hundredth.Savannah, Georgia.— It has rained on six days the past

week and the rest of the week has been cloudy. The rainfall

reached three inches and fifteen hundredths. Average ther-

mometer 78, highest 88 and lowest 71.

Augusta, Georgia.—We have had light rain on three days

the past week, but not enough to do much good. The rainfall

reached eleven hundredths of an inch. Crop accounts are

good, but rain is wanted. Average thermometer 80, highest 92

and lowest 68. Rainfall for the month of July, three inches andforty-six hundredths.Atlanta, Georgia.—It has rained on one day the past week,

the rainfaall reaching twenty-six hundredths of an inch. Indi-

cations are good for plenty of rain. Crops aie badly injured,

especially corn. The thermometer has ranged from 68 to 91 ^

averaging 78., , .

Charleston, South Carolina.—'We^ have had rain on two

days the past week, with a rainfall of sixty-six hundredths of

an inch. The thermometer has averaged 80, ranging from 71to 91.

The following statement we have also received by telegraph.Which have ên very partial. Crop accounts are generally more

îio^ving "the heVhtot the rivers at the points named at 3 5'el6ck,Picking is about to begin. The thermometer has a „* ,. âo^ „„j A„„.,-f k laanfavorable,

ranged from 72 to 101, averaging 87. The rainfall during themonth of July reached one inch and fifty hundredths.Brenham, Texas.—It has rained splendidly on two days the

past week, doing immense good to cotton. Picking is getting

brisker and new cotton is coming in. The thermometer hasaveraged 86, the highest being 95 and the lowest 76. Rainfall

for the month of July four inches.

Waco, Texas.—The weather during the past week has beenwarm and dry. We are needing rain. Picking is now starting.

The thermometer has ranged from 74 to 98, averaging 85. Dur-ing the month of July the rainfall reached one inch and heventy-flve hundredths.New Orleans, Lotiisiana.—It has rained on five days the

past week, the rainfall reaching one inch and fifty-seven hun-dredths. Average thermometer 83.

Shreveport, Louisiana.—yfe have had no rain during thepast week. The weather has been clear and hot. Slight dam-age from drought is repotted on bottom lands and serious dam-age on uplands. Cotton is opening prematurely. There is goodpicking, ten days earlier than last year. Caterpillars are re-ported all over the district, but no damage as yet. The river is

mneteen inches above low-water mark. The thermometer hasaveraged 84.

Vivksburg, Mississippi.—Tii\egTa.m not received.Columbus, Mississippi.—It hns rained on two days the past

week, the rainfall reaching three inches and ninety-six hun-dredths. The thennometer has ranged from 74 to 93, averaging84. Rainfall for the month of July, ninety-six hundredths of aninch.

I/ittie Bock, Arkansas.—^Ktrndav of the past week wascloudy and the remainder of the week has been fair to clear.We are wanting rain very much. The thermometer has rangedfrom 65 to 94, averaging 81. During the month of July it rainedon six days, and the rainfall reached two inches and sixteen

August 4, 1881, and Angu-st 5, 1880.Aug. 4. '81.

Feel. Inch.8

10 81 31 7

Missing.

Aug- 5, '83.Feci. Ine\.8

101

16'JO

lO

7

New Orleans Below lilgli-water mark .

.

Memplils Above low-water mark. .

.

NaslivUle Above low-water mark...Blireveport Above low-water mark...Vieksburc Above iow-water mark...

New Orleans reported below high-water mark of 18T1

Sept. 9, 1874, when the zero of gauge was changed to high-water

mark of April 15 and 16, 1874, which is 6-lOths of a foot above

1871, or 16 feet above low-water mark at that point.

New Alabama Cotton.—The first bale of new cotton for the

season was received at Selma on Saturday evening, July 30.

It was shipped by Phil Milhous from Martin's Station, Dallas

County, and consigned to Joseph Hardie. It will class strict

low middling, and weighs 428 pounds. Last year the first bale

was received Augu.st 14, at Selma.The first bale of new cotton was received at Montgomery.

Ala., on Saturday, July 30. It was consigned to Lehman,Durr & Co., was sold at 13 cents to John H. Clisby & Co., andexpressed to H. Hentz & Co. of New York. It classed strict

good ordinary. Last year the first bale was received August 2,

at Montgomery.FmsT Sale at New Orleans.—One bale of new cotton was

received at New Orleans on Saturday, July 30. from Texas,

consigned to Victor Latour. It classed good middling, was sold

at auction to Charles Hanson for Xt% cents per pound, and wasshipped per steamer to Rodewalk & Co., Liverpool. Last yearthe first bale was received from Texas Aug. 8, at New Orleans.

First Bale at VicKSBURr..—The first bale of new cotton wasreceived at Vicksburg on Monday, August 1. It weighed over..

400 lbs. and classed middling. It was grown on a farm a few-

miles below that city on the Mississippi River. Last year the

first bale was received August 14 at Vicksburg.

AuausT 0. 1881.J THE CHRONKJLE. 159

Mlx.ais.-'iPPl V.M.i,RY CoTToji.—Six bales of new cotton, pro-

<iui!t><l iu thi> Mi.s)<ii«ippi Valli>y, were received at New Urleann,

.luly 31. One fmm Kiver'.s Laudiiitf, Concordia Pariah, La.; one

from Adam KellogK. Kello},'i,''a Landing. La.; one from the

AoAfola plantation, La.; oiu* i'nim the lielair plantation, La.;

one from Henry B Shaw, Cypress Grove, Mi88., and one fromW. D. Jenkins, Natchez, Hxkh.

New CinroN.—The first three bales of new cotton were re-

ceived at Mobile on Wednesday, August 3, and sold at auction

at the Cotton Kxchange, at 2'J cents per pound, to K. V. George& Bro. One bale was classinl as good middling and the other

two wore classed as middling. Two bales were raised in

Alabama and consigned to Messrs. Haaes & Co., and the other

was raised in Mississippi and consigned to Messrs. Gardner,Gats & Co.

SoKTii Carolina Cotton.—The announcement of the arrival

of a bale of new South Carolin.i cotton at Charleston in last

week's issue, was erroneous. We were misled by a report in

one of the Southern papers.

CoMPABATivB Port Ueceipts and Daily Crop Movembnt.—

A comparison of the port movement by weeks is not accurate,

as the weeks in different years do not end on the same day of the

month. We have consequently added to our other standing

tables a daily and monthlv statement, that the reader mayconstantly have before him the data for seeing the exact relative

movement for the years named. The movement each monthsince September 1 has been as toLows:

Monthtij

Receipts.

Tear Itcgliiiiing September 1.

1880.

Bppt'mb'r

October .

Hoveinli'rll

Deoemb'i'll,

January .

February.|

March ... I

April.. .1

MayI

JuneJuly

458,478968,31^

O06,.5Ol

020,802

571,701

573,728

476.582

2>H,2JGls(0,0.)4

131,871

78,572

lotalyear 5,759,8,j3

Pero'tHt^e of tot. port

recelpia July 31..

1879.

333.643888,492

912,272

956,464647,140

447,91 j

261,913

158,0:

IIO.OOH

88,455

54,258

4,891,586

97-79

1878.

288,848689,264779.237

893,684

618,727566,824303,9.55

84.299

29,472

13.988

4,43.1,737

99-71

1877.

98,491

578,533822,493

900,119689,610

472,051340,.'525

197,965

96,314

42,142

20,210

4,238,486

9799

1876.

236,868

675,260901,392

787,769

500,680449,636182,93

100,19168.939

36,03017,631

3,957,388

9800

1875.

169,077610,310740,116821,177637,067479,801

300,128163,593

92,60042.23129,422

4,085,531

97-48

ThLs statement shows that up to July 31 the receipt.s at theport." this year were 868,267 bales more than in 1879-80 and1,324. 116 bales more thanatthesaraetimein 1878-79 Bv addingto the above totals to July 31 the daily receipts since that time,we shall be able to reach an exact comparison of the movementfor the ditferent ye^rs.

Tot.jD.

Julyl.." 2..

" 3..

" 4.." 8..

" 6..

" 7..

" 8..

" 9..

" 10..

"11..,'• 12 .

"13.." 14.

.

" 15..

" 16..

"17.." 18.." 19.." 20..

"21.." 22.." 23.." 24.." 25.." 26.." 27.." 29.." 29 .

"30.."31..

30

1831.

5,(181,281

3,402

2,701

S.

1,763

2,855l,00:i

3,880

3,961

3,036

8.

2,731

3,222

2,761

3,015

3,401

3,169

S.

3,009

4,188

2,467

3,717

2,512

2,589

8.

2,625

2.076

2,720

3.179

2,962

2,295

8.

Tot.JlySl

Aug.l.." 2...." 3" 4" 5

Total 15.775,376

Percentage of total

port rec'pta .\iig. 5

5,759,853

3,592

2,8382,44'

3,058

3,558

1880.

4,337,328 4,

1,904

2,902

1,521

S.

2,621

1,530

1,764

2,068

4,563

2,23.'

8.

1,874

9832.1

5

7832.63!

1,1068.

2,502

1,531

1,490

2,897

3,322

2,665

a.

2,351

1,254

1,546

1,092

1.918

681

4,891,586

8,

1,519

2,391

1.191

1,303

1879.

121,749

313

271

1,548

629414S.

1,112

331.o»)3

322287

399S.

409206255158

1,382

3308.

512521406334

1,039

2898.

501630486178

4,897,993

97-92

4,135,737

419507a562698

4,137,923

99-77

1878.

,238,246

948970

1,176

7611,163

8-10

8.

9301,013

796674

1,034

3168.

8345837936136334778.

772489711508

1,129

4478.

502633480

1877. 1876.

,939,753 4,

8.

1,511

1,861

818367914849S.

815798634479726

7338.

3645728394159962398.

5726036213142492018.

349904

4,253,486

139

1,465

395S.

596

4,261,081

98-05

3,957,3864212648614528.

3,959,384

98-05

056.1091,0738.

2,fl3

1,009

2,067

9611,181

4528.

1,128

6941,485

C291,282

978S.

1,463

1,247

1,094

5671,338

871a.

1,705

913908694

1,267

4838-

1,315

4,085,.531

635721504846834

4,089,074

97-56

This statement shows that the receiptK since Sept. 1 op toto-night are now 877,383 bales mor>- than they were to the nameday of the month in IHHU and 1,337,'1,')3 bales more than they wereto the same day of the month in 1879. We add to the tablethe percentages of total port receiptH which had been received toAngosl 5 in each of the yean named

JuTB, BCTTH, Baookvo, &a.—Bagging is meeting with a gooddemand and prices are firm. The inquiry is for small orders,

but come often, and stoclis are not accumulating. There havebeen sales of 800 rolls, varioas grades, during the week, for

which full flgures were paid, and at the close sellers are qootin^

9%o. for \'A lbs., 10%c. for 2 lbs. and U?6c. for sUndardgrades. Butts are in the same position as when wa last wrote.

No great activity is reported, bnt a steady trade is in progretH andprices are well sustained. The transactions for the pa.st monthaggregate 10,000 bales, both on spot and to arrive, at 2 11-164^

3>gc., according to quality, and the market closes firm at 21^®

IiTDiA CoTTos MOVE.MBNT FROM ALL PoRT3.—The flgnres whicbare now coUeeted for us, and forwarded by cable each Friday, ofthe shipments from Calcutta, Madras, Tuticorfn, Carwar, &c.,enable us, in connection with our previously-received report fromBombay, to furnish our readers with a fall and complete Indi«movement for each week. We tirst give the Bombay statementfor the week and year, bringing the figures down to August 4.

BO.MIIAY RECEIPTS AND SBIPMETTS FOR TOUR TEAKS.

tear

1881188018791878:

Shipments this week.

OrcalBrit'll.

14.0006.0001,000

Total.

Shipments since Jan. 1.

Oreat Conti-Brtiain nent.

Conti-nent

4.000 18.000 274,000!515,0009,000 l.->,000 352.000 1? 1,00014.000; l.->.000 241.0001 319.0002.000 i 2,000 286,0001386,000

Total.

789.000823.000560.000672,000

Recelplt.

ThisWeek.

8.0007.0004.0003.000

Sine*Jan. 1.

1,121.0001,045,000767,000842,000

According to the foregoing, Bombay appears to show anincrease compared with last year in the week's receipts of 1,000

bales, and an increase in snipmenta of 3,000 bales, and theshipments since January 1 show a decrease of 34,000 bales.

The movement at Calcutta, Madras, Tuticorin, Carwar, &c., forthe same week and years has been as follows.

OALCDTTA, MADRAS, TOTIOORIN, OARWAK, RAIfOOOX AND KURRACRBB.

Shipments this week. Shipments since January 1.

Year. Orc'ilBritain.

Conti'nent.

Total.Great

Britain.Conti-nent.

Total.

1881188018791878

i'.ooo4.0009,000

1.0002,0005,0002,000

1,000 160.0003,000 196.0000.000 192,00011,000 ,89,000

6.1,00078.000118.00048.000

225.000274,000310.000137,000

The above totals for this weik show that the movement fromthe ports other than Bombay is 2,000 bales less than for thesame week la-st year. For-the whole of India, therefore, the total

shipments this week and since January 1, 1881, and for the cor-

responding weeks and periods of the two 'previous years, are asfollows.

EXPORTS TO EUROPE FROM ALL INDIA.

Shipmentsto all Europe

from—

BombayAll other p'rte

Total

1881.

Thisweek.

SinceJan. 1.

18.0001,000

739.000225,000

19,000 1,011,000

1880.

Thisweek.

SinceJan. 1.

15.0003,000

18,000

823,000274,000

1,097,000

1879.

Thisweek.

15,0009,000

24,000

SinceJan. 1.

560,000310,000

870,000

This la.st statement affords a very interesting comparison of thetotal movement for the week ending Aug. 4, and for the three

years up to date, at all India ports.

Albxasdria Receipts asd Shipmests.—Through arr<»ngem.eat8

we have made with Me.ssrs. Davies, Benachi & C!o., of Liverpool

and Alexandria, we now receive a weekly cable of the movementaof cotton at Alexandria, Egypt. The following are the receipts

and shipments for the past week and for the coiresponding weekof the previous two years.

Alexandria, Egypt,1881. 188p. 1879.

Becelpta (cantars*)— !

Tills weekaince Sept. 1 2,773,500 3,204,606 1,666,600

Exports (bales)—IX) LiverpoolTo Continent

Total Europe

Thisweek.

SinceSept. 1.

Thisweek.

^ineeaept. 1.

Thisweek.

SinceSept. 1.

"631246,750154,705

6001,118

201.780176.588

100100

17030079,700

631 401,455 1.618 468.363 200 2,V),5«0

< A oantar Is 93 lbs.

This statement shows that the receipts for the week endings

August 4 were cantars and the shipments to all Europewere 631 bales.

UANCHEaTER JLiRKET.—Our report received from Manchesterto-night states that prices for twists are lower, that shirtings

are unchanged but nominal, and that the market is idle, wngive the prices of to-day below, and leave previous weeks' priees

for comparison:

160IRE (.^HKOJ^ICLE. [Vol. XXXIIl.

Sinpprao NEW3.-The exports of cotton from the United

8tatS^the^pa.stweek,a3p8r'ia««s«mo« returns, have reached

26142 balM. So far as the Southern ports are concerned, these

»re the same exports reported by telegraph, and published in

th^ CkIon.clk last Friday. With regard to New York we

include the manifests of all vessels cleared up to Wednesday

Bight of this week:Totalbalcs.

mw TORK-To Uveroool. per steamera Adriatic, 1,259....

Baltie. 324. ...Scytliia, 440. ..Spain, 1,434 3,ol,

To Havre, per steamer Canada, 342 ................ "ii

Jtiw URLEAKS-To Liverpool, per steamers Alava, J, JJ.i....

Emiliano, 4,000....Mol.iIe,3,725 ...perbarli;E.T.G.,3,315 14,fl72

To Havre, per steamer Flaoliat, 793 • --•-,-;;•

CHAJiLBSTON-To I,iven>ool, per bark Isabel Craggs, 1,606 Upland and 531 Sea Island.................

Texas—To Liverpool, per bark Linoluden, 910 if}"

ToBremen, per brig Bolkc, 816 -. .--..-. ..-^... oio

BAX.TIMOEK—To Liverpool, per steamers Kova Scotian, l,,ib4..

St. Bernard, 891 x\:."""VAk'Philadblwua—To Liverpool, per steamer Onio, 500

2,137910

2,155500

arranged in our usua

Bremen.

Total »

The particulars of these shipncaats,

form, are as follows:

Liverpool. Bavre.

New York 3,517 342New Orleans 14,972 .93Cbarleston 2,137Texas 910Baltimore 2,155PLUadelplila 600

Total 24,191 1,135 816

Cotton freights the past week have been as follows:

26.142

816

Total.3,859

15,7652,1371,7262,153500

26,142

Satur. Man. Tues. Wedties. Thurt. Fri.

Uverpool, steam d. 3i8®l4 SieSH 3,„ai4 732a"'3a ''32a»33 '32®^32

Do saii...(i. ....

Bavre, steam c. 1'32' "sa- "32* 1333* 13j2* 1332*

Do sail c. ....

Bremen, steam, .c. 383 >« %aia %9H 3831s 383 Is Sea's

Do sail e. —Hamburg, steam.d. Sea's 39® >« ssaia iJaaJfl 3ea>i2 38®^!

Do BaU...d. ....

Amst'd'm, Bteam.c. »4 Hi a >« Hi H'Do saU-.-d. -.-.

Baltic, steam—d. 6l6 Hi 5l6 ^18 6l6 HiDo sail e. ^16 6l0 6m H» Bib 6lfl

Thcbsdat.

nrliMru d. IDelivery. d. | Velivery. d.Delivery.

gis gept. Oct e^is l.Nov.-Deo 5»i.-,3

Au|.-'Sept:.. 61316 IOct,-Nov 6I32

I Sept. Oct C'ji

Fbidat.

Aue 62732I

Oct.-NoT 6I13|Sept.-Oot 6II38

8Bnt-Oot .65,8 Nov.-Deo 6 l>eo -Jan 6Oot-NoT .."." .6H2 Aug 6''8

I

Sept.-Oct 6>8

Aug,Sept.-...:.:.627y3 IAug.-Sept 6''8

IOct.-Nov 6»3a

BRE ADSTUFFS.Friday. P. M., Aug. 5, 1881.

The flour market has been at times quite active for export,

and prices of low and medium grades have had a hardening

tendency ; the high grades, however, have barely maintained

values, and generally the movement has been moderate.

Western millers look for higher prices, and limit their offerings

as much as possible, but the demand, whenever active, is fit-

fully so.

The wheat market was dull early in the week, but a renewal

of orders from the Continent and the smaller movement at the

West, as compared with last summer, had a hardening effect

upon values, and yesterday the bull party to the speculation

developed unexpected vigor and confidence. There is no longer

any doubt that the wheat crop of the United States east of the

Mississippi River is a short one, yet not so short as to threaten

a scarcity, but sufficient to prompt farmers to hold back sup-

plies and give sellers the advantage until the movement of the

crop shall become more general. To-day the tendency was still

upward, No. 2 red winter selling at ?1 29@$1 29?^ for Septem-

ber and $1 31%@$l 31% for October, but clo-sing quieter.

Rye is firmly held. Barley is expected to open lower than

last year, owing to the large crop.

Indian corn has also had an upward tendency, owing to un-

satisfactory crop prospects and a general feeling that values

are low. To-day prices were decidedly higher on the spot,

with futures quite buoyant. No. 2 mixed selling at 63@63>ic.

for September and 65%@65^c. for October.

Oats were comparatively dull and unsettled early in the

week, following the "corner" on July contracts ; but speculation

revived and to-day there was much activity in contracts, with

sales of No. 2 mixed at 40c. for August, 385/6@39Mc. for Sep-

tember and 39%@39%o. for October ; and No. 2 graded on the

spot closed at 46c. for white and 45?^c. for mixed.

The following are closing quotations:

' Compressed.

Liverpool.—By cable from Liverpool, vfe have the followingstatement of the week's sales, stocks, &c., at that port:

Bales of the week bales.Of which exporters tookOf which Hpectilators took..

Bales AmericanActual export -.

ForwanlortTotal stock—EstimatedOf which Aniericau—Estim'd

Total import of tlie week...Of which American

Amount afloatOf which American

July 15. July 22. July 29. Aug. 5-

65,0002,3006,800

49.5003,0005,400

828,000633,00050,00040,500

172,00073,000

51,0003,5003.200

37,5003.5006,100

801,000613,00031.00019.000

1S6,00086,000

eo.roo1,7305,700

44,0004,4003,500

7EO,000597,00039,00027,000

186,00091,000

44,0001,8603,500

33,0002,2003,900

777,000592,00041.50029,000

202,00093.000

The tone'of the Llverpooi market for spots and futures each day of theweek ending Aug. 5, and the dally closing prices of spot cotton, havekeen as foHows:

ep»t.

Market,12:30 p.if

Mid. Upl'dBMid.Orl-DS

Market.5 p.m.

Bale*8pec.& ezp.

TuturtM.

Market,6 p.m.

Saturday Monday. Tueaday.

Bteadr.

613i66T8

10,0001.000

DuIL

Wednea.

Qnletand un-chaaKed.

SI'"

10,0001.000

Call.

Thursd'y.

Shadeeasier.

6^8

10,0001,000

Steady.

Frtday.

Kasler.butnotquota-biy lower.

613i8

8.0001,000

The actual sales of futures at Liverpool for the same week are giventelow. These sales are on the basis of Uplands, Low Middling clauseanless otherwise stated.

DeHveri/. d.

Aug.-Sept. . . . 6»»3o3Tgeept.-Oct 61%

Ang 6T93"32AU^.-Sept 67832732

MOMDAT, jHohdayg.

TUEflDAY.

I

Delivery, d.Nov.-Dec eiig|Nov.-Deo 6i3g

Wbdkesdat.

ISept.-Oct 611m10ot.-Nov 6I19

Delivery. d.Aug BTgOot.-Nov 6332

Nov.-Deo aBept.-Oct 65ie

Flotir.

No. 2 spring. ..* bbl.

No. 2 winterWinter superflneSpring superflneSpring wheat extras.,do XX and XXX...

Wis. & Minn, rye mix.Winter shipp'g extras,do XX and XXX...

PatentsCity shipping extras.Southern, baiters' andfamily brands

South'u ship'g extras.Bye flour, superflne.

.

Com meal-Western, &cBrandywine, Ao....

$3 30»3 4034 5034 303'4S0«5 2535 75®5 00®5 6536 0036 253

3 603 904 754 605 156 756 005 507 258 006 60

6 253 7 505 403 6 005 40» 5 75

3 009 3 30....3 3 50

Oram.Wheat-Spring $1Spriug.No. 2 1Red winter IRed winter. No. 2 1White 1

Corn—West, mixed.West. No. 2Western yellow..Western white ...

South, yellowSouth, white

RyeOats—MixedWhite

Barley—Canada W.State, 4-rowed »State, 2-rowed 3....

Peas—Can'da.b.At. ,...3....

10 31 25 121 3i;;3 i12 also27<3»1 27:^17 31 2750 3 6059 » 6058 3 6359 ® 6353 9 6260 386 342 346 a 4900 31 10

639146

(From the " Nev) York Produce Ecchanqe Weekly."}

Receipts of flour and grain at Western lake and river ports

tor the week ending July 30, 1881:

Flour,bbtt.

At— (196 Kis.l

Ohioago 62.518Milwaukee 59.031Toledo 2,001Detroit 6,060Cleveland 1,436St. Louis 26,014Peoria 670Duluth

Whtat, Corn,btish. bush.

(60 lbs.) (56 lbs.)

278.865 2.655,400229.590 21,500523,731 208,012

Oats, Barley, Rye,btish. bush. bush.

(32 lbs.) as Ws.) (Wlbs.)771,385 9,901 67.773

5,700

59,4173d,£00

565.84315,050

3,00455,125

281,550492,550

51.0007,21711,80514,450

265.72282,900

3,600

7861,000

11,22917,225

Total..... 157,730 1,711,0013,720.1711,174,479 17.390 99.832Same time '80. 142,346 3,456.718 5,055,626 735,127 16.782 129,573

Total receipts at same ports fiom Dec. 27 to July 80, incla.

give, for four years ;

1881. 1880. 1879. 1878.Plonr bbls. 5,118,151 3,391,313 3,744,939 3,278,945

Wheat bush. 29.423.423 34,161,240 39,997,875 35,995.451'Jom 70.903,111 93.036.229 55.839,216 55,020.568Oats 26,453.614 17.927,412 17,075,067 15,295,468Barley 3,991.288 2.605.738 2,440,737 2,955,566Rye 999,3s7 1,392,354 1,911,540 2,147,593

Totalgraln .... 131,770,826 149.122.971 117.261.435 111,414,640

Comparative receipts (crop movement) at same ports fromAugust 1 to July 30, inclusive for four years:

1880-81 1879-80. 1878-79. 1877-78.Plour bbla. 8,792,281 6,811,064 6,479,495 C.031,338

Wheat tush. 82.«20,268Com 130.690.022Oats 47.583,119Barley 11.879.110Sye 3,451,193

92,4,57.243133,720.7.5931.350.66710,468.4804,215,030

fl6.036.61195,909,51133,031,8799,582,4334,867,883

79,430,6929 1,120,17827,707.0259,434,4284,124,410

Total grain..., 276,223,710 272,218,179 239,491,397 210,866,731

Auocn 6, 1881.] THE CHRONICLE. J«l

CompAntiTe shipments of Hoar and grain from the same(pons

FJour.

iparaUTe snipmenta

from Deo. 37 to July 30, inolualre. for four years;

isai. 18S0. 1879.5,101,003 ;i,208,736 3.074,923..bbli.

. bush.

1878.3.3S0 395

Wheat bush. 29,008.143Corn 61,49S,5B3Oktl 20,704.337Buley a.011.440Bye.. i,io».o4a

Total Rrain .

31.301.95077,ll3.'i7a11,10:1,308l,<iJ3.1891.14'J,113

38.1.57.14H49.018.31012.731,3502,002.0901,828,770

31.073.4.M47.9i9.7310,n7(i,187l.U0l.7tUl,75U,9;i3

,114.958,531 123,440,53a 101.793,790 02,333,058

Rail shipments from Western lalce and rirer ports for the

we«ks ended

:

Floor bbta.

1881.\ttrk

July 30.

151,331

Wbeat bush. 23S.709Oom 1,245.445Oats 585.765Barley 4.847Bye... 20.031

1880.WeekJulv3^-09.404

700.257030,313404.81611.07827.622

1870WeekAug.i.93,353

687.730430.972484.92211.60255,383

1378.WeekAug. 3.

38,103

351,023550.420412,539

6,67010.438

Total. .2,121.597 1,773.891 1.670,595 1,333,150

Bail and lake shipments from same ports for Ia.st four weeks:

Wiw* Flour,tndino— ooit.

July 30. ..169.743JvUy 23. ..160,710JulJ- 16. ..185,061July 9. ..148.982

Wheal,Ouan.723.334

1,153.3U91.035.3331,385.064

Corn, Oali,bush. bush.

2.9i3,751 1,413.3952.716,890 833.4703.(i8j,56l 564.2874.318,144 630,772

Barley,bush.4,6476.15011,37910,333

Rye.bush.20,03111.1475.6736.548

Tot. 4 wkB.664,499 4,232,155 13.67;).355 3,311.904 33.059 43,3994 W'lu '80.. 506.321 6,911,065 14.337.637 «.09J.819 45.436 146,219

Bxports from United States seaboard ports and from Montrealfor week ending Jaly 30, 1881:

Flour, Wheat, Com,Prom— bbt*. bufh. bush.

New York 91,897 817.633 1,115.217Boston 12,757 32,000 49,772PortlandMontreal 5,592 370.204 309.184PhUodelpUa. . 1.201 55.000 3/7,957Baltimore 2,284 418,330 621,980New Orleans.. 110 134,913 133,667

Oats,bush.

614

Rye,biish.

11,785

Peas,bush.

850

38,599 543 74,818

400320

ToUl forw'k 113,878.Same time '80. 165.2 1

9

1.833,140 2,660,577 39,933 12,333 65,6983,773.629 2,733.341 96,739 90,373

The risible snpply of grain, comprising the stooks in granaryat the principal points of accumalatioa at lake and seaboardports, and in transit by rail and water, Jaly 30, 1831, was asfollows: Wheal,In store at— bush.

Hew York 4,715.527Do. afloat (est.) 501.000

Albany 6.000Buffalo 289,748Ohioa«o 4,206,011MUwaukee 1 ,264,443Duliitb 491,113Toledo 677.236Detroit 123,7790«wego 60,000Bt. Louis 528,026Boston 30.818Toronto 165.434Hontreal 191,787PhUadelphla 339.405Peoria 7.478Indianapolis 187.000Kansas City 151.676Baltimore 912.712Down Mississippi. 130.160On rail 749,626On lake 640.500Oaual 330,000

Com, Oats,bush. bush.

2,463.039 1.705.4031,400,000 110.000

29.500 29.000336,014 913.319

1,846.413 2,443,00112,531 5,7605.000

469,.307 27,6323.031 5,081

63.000369,632 131,213401,530 61,996

11,570112,984 41,454361.871 107,354174,874 21,203125,000 15,00095,071 4,267

580,000210.005 781

2,065,184 712.7632,076,000 1,027,0001,776,000

Barley,bush.7.533

Rye,bush.

39,832

12,000

24.23967,039

100.7145,609

1,90017,712

1,238

3.69367710046

1,652

116 to U. S. of Colombia, 104 to Uayti, &o. The moTement onaccount of former orders was continued on a liberal scale, andthere was a steady hand-to-mouth demand for a-ssorted parcels

of plain and colored cottons, cotton flannels, &c., but few large

transactions were reported, and there was not the least ten*

dency toward speculation. Stocks of brown, bleached and col-

ored cottons are unusually light, and nearly all makes of cotton

flannels are sold ahead for the next two months. Prices re-

mained very Arm on all staple cotton goods, and a slight ad-

vance was made upon a few makes of medium bleached goods.

Print cloths were dull with a weakening tendency, the marketclosing at 3>^c., lessa small discount, for extra 64x648, and 3 !>-16o.

flat for &6x60s. Prints were in fair but irregular demand at

opening prices, and there was a satisfactory morement in dress

ginghams and cotton dress fabrics.

Domestic Woolbs Qoodb.—Agents were fairly employedduring the week in making delireries of clothing woolens,

flannels, blankets, &c., on account of former orders, but newbusiness in such goods was comparatively light. The most

desirable makes of heavy cassimeres and suitings, worsted

coatings, overcoatings, &c., are in most cases sold ahead, andprices are consequently firm. Cloakiogs were in fair but some-

what irregular demand, and repellents were mostly quiet.

Kentucky jeans were a trifle more active, and a fair business

was reported in all grades. Flannels and blankets continned

to move steadily at firm prices, and there was more inquiry for

shawls and felt skirts. Worsted dress c^oods were fairly active,

but prices are low and in many cases unremunerative to manu-facturers. Carpets met with considerable sales and values are

steadily maintained.

FoREiQN Dky Goods have shown rather more activity in first

hands, but the demand was confined to comparatively few lines

of goods. Fancy dress fabrics have been more active, and fair

sales of staple dress goods were reported by importers. Silks

were more sought for, and there was a fair movement in cottoa

velvets. Linen and white goods ruled quiet, and embroideries

and laces are in moderate request by manufacturers and the

trade. For fine cassimeres and suitings there was a fair inquiry

by clothiers and merchant tailors, but woolen goods generally

were lightly dealt in.

Importations or Dry Goods.The importations of dry goods at this port for the week

ending Aug. 4, 1881 and since January 1, and the same facts

for the corresponding periods of 1880, are as follows;

5,047 24.431

Tot. July 30, 1581 I6.772..503 15.928,014 7,373,800July 23. '81Juli- 18. '91.

July 9, '81-July 2. '81.July 31, '80.

15.621.615 15,<J,iI,573 7.510,563. 14,823.393 15,970,164 7.217,76415,619,876 15,52S,531 7,465,147

. 15.970,746 14, .)! 1,347 8.332,493, 14,272,015 16,739.593 1,516,377

124.803133,738l.=i4.938171,611193.971176,204

138,336117.028114,077138.6G1136.071271,912

THE DRY GOODS TRADE.FaiDAT, p. M., Aug. 5, 1881.

There was an active undertone to the dry goods trade the

past week, and the volume of business, if not quite ap to expec-tations,was at least fairly satisfactory. A large distribution of

drees goods and ginghams was made by agents representingmost of the leading domestic manufacturers, and prints con-tinned in fair request, but staple cotton aid woollen goods ruledquiet and steady, the larger buyers being pretty well stocked up,

the present. Foreign goods have received rather more atten-

tion from early buyers, but transactions were only moderate in

the aggregate. The condition of the market has not materiallychanged, and it retains all the firmness of tone reported of late,

stocks of nearly all kinds of manufactured goods being excep-tionally light in view of the large demand for consumption in

pronp«ct. The jobbing trade has slightly improved owing tothe arrival of a fair number of retail buyers from remote pointsIn the South and West, but no real activity in this branch of thebusiness is looked for until about the middle of the month.

DojfESTic Cotton Goods.—The export demand for cottongoods was fairly active and some large orders were booked forfuture delivery, but the shipments for the week were only 828packages, of which 348 were sent to Africa, 136 to Great Britain,

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orImports and Exports of Leading Articles toiU fr

found on p. 143. -;^

162THE CHRONKXR [Vol. XXXHl.

Financial.

Geo. K. Sistare's Sons,

ir NASBAP ST., NEW YORK,DBALBRS IN

FIRST-CLASS INVESTMENTS.

BUT ana oe.i on tommisMon, lor casn or on mar-

gin, all Monrities deaHtn at the New York Stock

Itccbance.

Interest a)l«wed on dally balances.

AU deposits subject to check at sight.

Particular attenUon to orders by mall or tele-

gI»ph-_ -

Financial.

JOHN S. Kennedy.

Obobqi Btabk. John F. Stabk.

J. Eknnedy Tod.

J.S. Kennedy & Co.,

MERCHANTS,No. 63 WILLIAM STREET,

new IforK.

BUT AND BELLRAILROAD INVESTMENT SKOUBITIES ;

CoLLBOT Coupons and dividends ;

fJKGOTIATB LOANS AND DRAW BILLS OFBXCHANQE ON LONDON

All business relatlnc to the Construction andEquipment ol Railroads undertaken. ^

Financial.

George Stark & Co.,BANKERS,

Ho. 33 NASSAU STREET, NEW YOEK.

Hoy and sell Investment Securities foi cash or on

commission. A specialty made of Western Farm

MtirtKaKes bearing ftom 7 to 10 per cent Interest.

Will undertake the negotiation ol loan* upon

Western City property In large or small amounts

WM. L. BBBESK, WM. P. SMITH,Members of New York Stock Bichanje.

Breese & Smith,BROKERS,

No. «9 BROAD STREET, NEW YORK.GOTMtiment Bonds, Stocks and all Investment

SecnriTles bought and sold on commission^

Gilman, Son & Co.,BANKERS,

«2 CEDAR STREET.

In addition to a General Banking Business, buj

and sell Government Bonds and Investment Securi-

ties. ^^^

Hatch & Foote,BANKERS. No. 12 WAtl. STREET,

BUY AITD SJei.1-

GOVEENMENT BONDS. STOCKS AND MISCE1--

LANB0D8 SECURITIES,

R. A. Lancaster & Co.,BANKERS AND BROKERS,

66 BROADWAY, NE%V YORK,dealers in

First-Class Investment Secnrltles.GOVERNMENT BONDS, STATU. CITY. COUNTYRAILROAD & MISCELLANEOUS SECURITIES

BoQgtitand Sold on Comml&aloa.Vlrginki Tax-Receivable Commis BougM.

SOUlUERN SECUP.lTIKfi A SPEVJALUY.LOANS NEGOTIATED,

INTEKEST ALLOWED ON DEPOSITS.

WAL8TON H. BROWN. EBSD. A. BROWN.

WalstonH.Brown &Bro.BANKERS,

11 Pine Street, New Y'orfe.

SPECIAL ATTENTION GIVEN TO THE NEGO-TIATION OF

RAILROAD SECURITIES.

Fred H. Smith,BA.NKER AND BROKER

No. 20 BROAD STREET. JIEW YORK.

RAILROAD SECURITIES(An Intimate knowledge of all for the past 10 Years)

jA SPECIALTY.

Ihvestors or Dealers wishing to buy or sell areInvited to communicate. State, Municipal andRailway Bonds and Coupons bought and sold at bestMarket. Rates.

BOWABO Lapsley. d. Seymoub WillabdMembers N. Y. Stock Exchange.

CrtiDs W. Field. Jb. ;Cvku8 W. FieldSpecial.

Lapsley, Field & Co.,^ STOCK BROKERS,

No. 5 WALL STR^T,i

New York.

N. T. Beers, Jr.,

BROOKLYN SECMITIES, CITY BONDS,

Gas Stoeks, &c..

No. 1 NEW STREET,NEW YORK.

Glazier, Kohn & Co.,BANKERS AND BROKERS,

S6 BROADWAY AND 19 NEW STREET,

NEW YORK.

STOCKS AND BONDS BOUGHT AND SOLD ONCOMMISSION.

J D. PRINCE, JAS. WHITBLY, H. CRUQEB OAKLEltHABRY C. L,0GAN, MAYNARl) C. BYRE.

W. R. Tbavers, Special Partner.

Prince & Whitely,\0 64 BROADWAY, NEW YORK,

(Branch Office^ 180 Fifth Avenue).All classes of Railway and Mining Stocks boughtnd sold on Commisalon.Private Telegraph Wires to Philadelphia, Wilming-

ton, Baltimore, Washington, Boston, Bridgeportand New Haven.

Scranton & Willard,BANKERS AND BROKERS,

ya BROADWAY, NEW YORK.PRIVATE WIRES TO

Windsor Hotel, Cumberland, Delmonico's,Gilsey House, Philadelphia,

Boston, Saratoga, Newport-CoRKESPONBENTS. — Bartlett, Westcott & Co^

Utica; Westcott* Co., Syracuse; Westcott, Myera& Co., Buffalo; J. T. Lester & Co., Chicago; Emery& Hodges, Boston.

C. I. Hudson & Co.,3 EXCHANGE COVBT, NEW TORK,

Branch Office and Private Wireat the " CCMBERLAND," Broadway and 22d Street.

Buy and Bell on commission, for investment or onmargin, all securities dealt in at the New YorkStocl^ Exchange.R. R. JjKab iC. I. Hudson, T. H Curtis.

Member N. Y. Stoclt Exch.

J.H. Latham & Co.,

IMVESTMEXT SECURITIES,New \ork City, Chlcnsro, CincinHatI, St,

Louis, DiBtrict of Columbia, andGoverument Securities.

FOREIGN EXCHANGE.2 WALL STREEr.

J. H. LATHAM. F. W. PEBRT.

WM.

Buttrick & Elliman,BANKERS AND RROKERS,No«. 37 & 39 Wall St, New ITork.

BONDS.STOCKS and 1NVB8TMRNT SECDRITIK8BOUGHT AND SOLD ON COMMISSION.C. A. BCTTBICK, Member of the N. Y. Stocli Eich'neWm. EujIMan. Member of the N.Y. Mining Exch'ge

Schulz & Ruckgaber,BANKERS,

aa William street, New York.cokukspondeSts of the

lal^rnatlonal Bank of London (L.imited),J,ondon.

Mnwrs. John Bprenb^rar, Uonsler & Co.,

Commercial and Travelers' Credits. Bill, of Ex.cbui|!«. Cable Transfers.

-BARKERS-25fiNe§T. -Iteuj^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

bouRht and sold in the OPEN MARKET. LOANSand COMMERCIAL PAPER negotiated. Interest

paid on DEPOSITS, subject to check.

Geo. H. Prentiss,

No. ir WALL STREET, NEW YORK.

GAS STOCKSAND

GAS SECURITIES,TEEET KAILROAD STOCKS ASD BONDS

AND ALL KINDS OF

BROOKLYIW SECURITIESDEALT IN.

SEE GAS QUOTATIONS IN THIS PAPER.BJaNEST Gboesbkce, Grant B. Schlbt,

Members N. Y. Stock EichanBO

Groesbeck & Schley,

BROKERS,No 15 WALL STREET, NEW YORK,

Samuel A. Strang,30 FINE STREET, NEW YORK,

BANKERAND COMMISSION MERCHANT,

Bays and sells Investment Securities. All busi-ness connected with railways undertaken.

C. NOYES,21 NASSAU STREET, NEW^ YORK,

dealer in

GAS STOCKS A!M> BO.XDS,

TELEGRAPH STOCKS,

TRUST COMPANYS' STOCKS,

City and other Railroad Stoclcg & BondsAND

MISCEI/LANEOUS SECCRITIKS.

John B. Manning,BANKER AND BROKER,

No. 6 W^all Street, New York CitySOUTHERN SECURITIES

A SPECIALTYState, Municipal and Kallway Honda and CouponB

IkouKht and sold at best market rates. Investors ordealers wishing to buy or sell are Invited to communi-cate w^lth US.Member of tie New York 5 tock ExchauKe.

BANKING HOUSE OF

G. W. Norton & Co.,

CASH CAPITAL, $300,000.

LOUISVILLE, KENTUCKY.

Wm. Fisher & Sons,BANKERS,

And Dealers In GoTernments, Stocksand InTeittnient Secnrltles,

Oppoemi SBCOND St , 32 SODTH STREET,BALTIMORE, niD,,

Have Western Union wires in their ofBces, by-

means of which immediate communication can behad with all commercial points in the oountry. Bs-peclal attention given to purchase and sale of Vl»-glnia Consols, Ten-forties, Deferred and all issuesof the State, and to all classes of Southern StateCity and Railway Securities. Correspondence so-Uoited.

Swan & Barrett,BANKERS AND BROKERS

200 Middle Street,

PORTLAND, MAINE,Dealers In Government, State, County, City and BaB-oad Bonds. Bank Stocks, &c.

. ., ^ ..

Deslrablelnvestment Securities constantly oa hand

George Eustis & Co.,

BROKERS,

CINCINNATI. OHIO.

P. F. Keleher & Co.,BANKERS AND BROKERS,

No. 305 Olive Street,

ST. LOUIS, MO.,Buy aDd seU Government, State, County. Toiroshlo

and Municipal Bonds. Coupons collected. M'"'"""JJoodii a specialty, foreign eichange boiwatand soitt

AUGVBT ». 1861.] THE CHRONICLE.

fflBiuiclal.

Gwynne & Day,fEatabllsliml 18S1.I Ko. 45 Wall Street

TraniuKt s K«nornl biinkliiK aod brokenice buil^

DOM In lUllwuy Shares Had Bond* and Gorernmentaeoarllloa.

Intareat allowed on depoilta.

InTMimenU oarefulljr attended to.

Simon B org,No. M WAW STREET, NEW YOUK.

DUALGK IN ALL KINDS OF

Bailroad and Inrcstment Securities.

SODTIIEBX 8ECUKITUH A SPBCULTT.

OHABUCS SKTON IlEMtV. W. UOWAKl) UlLUIR

Henry & Gilder,62 BROADWAV, ROOM 10.

BTOCK.S. BOND.S AND .>IIMC'EI.,LANEOD8SEC'CRITIE."*

BOUGHT AND SOLD ON COMMISSION.Members Now York MlntnK Stock Exchange

COUKISFOXSIXCK SOLICITEU.

E. S. Bailey,7 PINE STItlSET.

DealiDKB in

Insurance StocksA SPECIALTY.

Cash pnld at once for the above Securities: ofthoy will be »old on commission, at seller's optioD.

Lansdale Boardman,STOCK BROKER,

Ne. 80 BUOADWAT, Kooms 37 •& 38.Branch Office, Troy, N. Y.,

Connected by Private Wire.AXL securltleh dealt in at the New York Stock

Bxchunfte b-)UKht and sold on commission and car-ried on a fair margin.INTKUUST allowed on credit balances.

JOSEPH I». LLOYD. W. C. MCKEA.VMember of N. V . Stock Bzch'ge

Lloyd 6c McKean,34 WALL STREET, NEW YORK.Bar and sell—on commission—Government, Rail

way and Miscellaneous Securities. Hccetve deposlti•object to check, and allow Interest on balances.

Wm. R. Utley,31 PIXK STREET, NEW . VOUK,

DEALER IN

RAILROAD BO\DS,iyr£STirE2fT stocks.

RAILROAD L-^ANS NEGOTIATED.13 YEARS' E.XPBRIKNCE IN WALL STRHEr.

ISoodtj^

S^ Co*BANKERS,

58 Broadway, cor. Exchange Place,TRANSACT A GENERAL BANKING BUSINESSINCLUDING THE I'UltCUASB A.Ni) SALE OFSTOCKS AND HONI>S FOR CASH Oil ON MAR.UIN. BUY AND SELL COMMERCIAL PAPKIt. i

P. O. Box 447.i

D. A BOODY.Ull'BRX I.KI.AND.

O. W McLki.i.an.Jk.F. O. SALTDXSTALt.

Chronicle NumbersW A X T E D:

AUK. 31, Oct. 88, Not. 30 and Dec. as, 18T8, Willi

their Sapplcments. Jan. 4, U and 18, Feb. 22, Aprlt8, 12 and 2il. May 17, Sept. 13 and Not. 1.1879; alsoi

LWESTORS' SUPPLEMENT of Feb. 2i. April 29

and Oct. 29. 1870. CHRONICLE, Jan. -'4, Feb.7,Uand March 13, ISSO. A liberal prlco will bo paid fo»Volume 1, ijsucd ji IMS. Ai.|)ly at I'ubUcatlon

oace,mm WlUlam street. __^jj

BoHonBanken.

Foote & French,BANKERS,

AND DRALKUB IN

GO VERIVm ENT BONDS,OF ALL ISSUES.

COilMISSJO^f OliDEJtS XXSOVTSD III

BOSTON,

NBW YORK,PHILADELPHIA,

No. 7 CONGBE88 STREET ANDNo. 2 CONGRESS SQUARE,

BOSTON, MASS.Ueo.Wiii.Balloii&Co

BANKERS,14 Wall street, 7i Dewonahlre St.,NEW YORK. BOSTON.

Receive accounts of Banks, Rankers. Corporationsand Individuals upon favorable terms.Deal in Governments and Standard InTestment

Securities.Bonds and Stocks bought and sold on commission

at tlie Now York, Boston and other KxcbanKes.GEO. WM. BAI-L,OU, D. H. DARLING,WM. H. BINGHAM, A. S. WEEKH,

New York. Boaton.

Baltimore llankert.

Wilson, Colston & Co.,RANKERit AND BROKERS,

BiLTinORE.INVBSTMBNT «nd VIRGINIA SECURITIES >poclaity,< orrospoDdenoe aollclted and Information far-

nlnhed. ^N. Y. CoBBaspoKnnm-McKlin Brotbera* Co.

W. B. WllITBLBr, JU. K. N. MosiMnr.

Whiteley & Morison,BROKERS,

STOCES, NOTIM AND BONDS. AND DKALRRSIM rOUKIGN KXCUANOB. '

Corner Montb nnd Gennan Mcreeta,BALTinORR, mo.

Correapondfiico invited and fuU Information uunnanclal subjects rurnldhod.

Philatielpiiiu HuBken.GEO. 0. TaoifAS. Jo«. M. BaomAUR.

Parker & Stackpole,BANKERS,

No. 68 DEVONSHIRE STREET,

BOSTON.

Chas. A. Sweet & Co.,BANKKP.S

40 STATE STREET, BOSTON.

DEALERS IN OOVBRNMKNT SECURITIESState, City, County and Railroad Bonds.

Brewster, Basset & Co.,

BANKERS,No 35 CONGRESS STREET,

BOSTON.MEMBERS OF THE NEW YORK AND BOSTON

STOCK EXCHANGES.ALSO,

Denlirit ! Municipal, Stale, Railroad andUnited .StateH Bomla.

Tower, Giddings & Co.,B A N K E Pv S

,

No. S3 DEVONSHIRE STREET.BOSTON.

Orders for Stocks executed in Boston. New Yorkand other markets.

Baltimore Banker*.

Robert Garrett & Sons,BANKERS,

No. 7 SOUTH STREET,BAI.TI1IORE.

I BAN8ACT A OENKKAL DO.MKSTIO AND FOR.EION BANKING BUSINESS.

J.WII.LCOX BaowN. C. D. LunsUKB.

Brown & Lowndes,RANKERS AND BROKE RS,|

No. 19 GERMAN STREET,

P. O. Bos 874. BALTimORE

SethH.&H.B.WhiteleyBANKERS AND BROKERS,

No. 37 GERMAN STREET,

P. O. Box 313. BALTIjnORB.Ordera for Stocks executed in Boston, New Torle

PbUodelpblu and RIcluDond.

Thomas & Shoemaker,BANTERS AND STOCK BROKERS,

134 Sonth Tliird St., PHILiADELPniA.Dealers In all Issues of United States Boa da.

Investment Securities a specialty. CorrespondenceInvited and full Information upon financial subjectafurnished.

A. P. Turner & Co.,BANKERS,

No. 267 Walnut Place, PHILADELPHIA.Government, State, Municipal and Railway Bonda

and Stocks boiiKht and sold at all the Bxchangea.Investments prudentiv made in sound railway se-curities. Collections promptly attended to.Correspondent.s carcfnilv represented at Auctlona

and Private Sales. Bonda of good but not well-known railroads always wanted for investments atthe best rates. Orders on margins not entertained

Southern Bankers.

Campbell 6c Schoolcraft,STOCK BROKERS.

No. 1104 MAJIN STREET, ;

RICHinOND, TA.

sotjtElErn secvrities a special tt

WM.C.CouKiNEr.Pres. ER>'EglH. PBiNOLE.Cash

BANK OF CHARLESTON,National Baxrino Associatiok,

CHARLESTON, S. C.Special attbntio.v given to Collectiokb.

E. E. BCHBUSS, Pres't. A. K. Walkeu, Cashier

First National Bank,\riLiniNGTON, N. C.

Collections made on all parts of the United States

B. H. MAURY & CO.,STOCK BROKERS,

RICHMOND, VIRGINIA,Buy and sell Government, State. Municipal an

Railroad Bonds and Stocks, ^o. VirKinia Stale Tax-Ilooeivable Coupons bought and sold. All orderspromptly attended to

New York Coirespoudent, VERMILYB * CO.

MEECHANTS' NATIONAL B.VNK,RICHMOND, VIRGINIA.

Collections made on all Southern points on bestterms ; prompt returns.

JOUN P. BRANCH, President.J. B. MOKTOX. Cash. Frei>. R. Scott, Viee-Proa't.

THOMAS BRANCH St CO.,BANKERS AND COMMISSION MKKCHANTB,

RICHMOND, VIRGINIA,Information on oil classes of Sonthcrn Securities.

especially Stale Bonds, Tax Coupoaa, Jtc. Cor-respondence solicited.

n4RRIS A RIII\D,STOCK AND BOXD BROKERS,

AUGUSTA, GEORGIA.But ttnd sell all kindA of Investment Securities

OutriKhtor on commission. Infurmutloafurnbihed.Orders and correspondence solicited.

TBU8.P.HIi«LXR, U.D.WILLIAMS, JNO. W.H1IJ.KROUAS. U. UIIXKB..

Thos. P. Miller & Co.,BANKKRS,

BSOBILE, ALABAUA.Special attention paid to collecUou, wltli prompt

remittances at current rates of exclmnge on day of

CanespondenU.—German-Amerloan Bank, NewTork ; Loulalans National Bank, New Orleana ; Bankof UTeri>eoI,I.lT«rpoal.

THE CHRONICLE. [Vol. XXxm.

Weitcm Bankerg.

A. Prescott & Co.,BANKERS,

C«»lt>l. ««0,0«0TOPBKA, KANSAS.

Monlclpsl Boniln and Mortiwge Loans Negotiated.

XlBbt per cent FHrm MorlKages s upecialty. AOBSbKaL banking business TRANbACTED.eolleetlons and correepondence receive prompt at-

COBRispoNDiNiB — Boston, National Bank of

North America; New Yorll, American ExchangeNational Bank and Ninth National Kank; Chicago.Preaton. Kean A Co.; 8t. Iûl", Third National

Bank ; KannaaCltr, Bank of Kansas City and Mer-chants' National Bank.

John V. Hogan & Co.,113 No Third Street, St. Louis, Mo.,

DEALBK8 IN

'Wectem and Southwestern Municipal and RailroadBonds or Stocks.

Defaulted bonds a specialtr. Choice investment•ecurltles always for sale. Write to us before youbuy or sell any Illinois, Missouri or Kansas bonds.

P. F. Keleher & Co.,

S05 OLIVE STREET, ST. LOTTIS, JTIO.

rtrat-class Western Investment Securities forale. St. Louis City and States of Missouri, Kansas.Texaa, Arkansas and Colorado Bonds a specialty.Fall Information given in reference to same on ap-llcatloD. Coupons and dividends collected.

I.BOIIABD 1IATTHKW8. EDWARDS WHITAKIB,Member N. T. Stock Ezch.

Matthews & Whitaker,ST. LOUIS, MO.,

BROKERS AND DEALERS INState, City, CouBty and RR. Bonds & Stociis.

Orders receive prompt and personal attention.Correspondents, Messrs. Maxwell & Graves, New

Tork City, and Messrs. Blake Brothers & Co., NewTork and Boston.

C. F. PENZEL, ( STATE BANK, ) C. T. WALKEBPresident. I Incorporated 1875. $ Cashier.

. German Bank,LITTLE ROCK, ARK.

CAPITAL (Paid-in) $73,000SURPLUS, 23,000Prompt attention given to all business in our line

N. T.CoKRESPONDESTS—Donnell.Lawson & Co.,

and the Metropolitan National Bank.

Steain§lilpg.

ONLYDirect Line to France.

GENERAL TRANSATLANTIC CO.

BETWEEN NEW YORK AND IIATRE.From Pier (new) No. 42 North River,

Foot of Morton Street.Trayelers by this line avoid both transit by Eng-

lish Hallway and the discomforts of crossing theChannel in a small boat.LABKADOH. Joncia Wed., Aug. lO.BA.M.BT. I.AL'HENT, Servan Wed.,Aug.l7, U A.M.AMERigU E, Santelll Wed.. Aug. 24, 5 A. M.

I'KICB OK PASSAGE, (Including wine;

:

To Uavre—Kirst cabin. flOO and J80 ; secondcabin, too. Steerage (20. including wine, beddingand utensils. Return tickets at very reduced rates.Checks drawn on Credit Lyonnais of Paris in

amounts to suit.

FOR MARSEILLES,TotjCBiNO AT Cadiz, Gibraltar A BARCEi/)yA.The following steamers will leave New York direct

for Cadi«, Gibniltar, Barcelona and Marseilles, tak-ing freigtit and Dassengera:TILLE DK MARSEILLES, Cahour Aug. 8PICARDIE, Kortin Aug.2S

BATES OF PASSAGE:For Oadlt and Gibraltar-First cabin |75 and |90For Barcelona & Marseilles—First cabln.iso and tlOOBtMrage $32Through bills of lading issued to Mediterranean

Porta, Including Barcelona, Algeria, Tunis, Genoa,Leghorn, Naples, Messina; also, for Trieste andConstantinople.N. B.-No freight taken for OlbralUr.

LOUIS OE BEBIAN, Agent,No. 6 Bowling Green.

Commercial Cards.

Whiting Paper Co.,nOLVOKE, IHASS.

Baaliera' Ledger and Record Paper*,i. Blaehine Hand-Made Papers,

AiMlqae Pnrclinienl Papers.Plated Papers.Bund Papers.

AOBNTBJAHES D. WHITnORE * CO.,

«S BKEKMAN 8TREBT. NEW TOBR.

Commercial Cards.

George A. Clark & Bro.,

raiLTTARD'S HELIX NEEDLES400 BROADWAY, NEW YORK.

E.R.Mudge,Sawyer&CoAGENTS FOR

Wasblngton mills, Olilcopee ITirg. Co.Burlington AVooleu Co.,

Ellerton New llills,Atlantic Cotton iniUs,

Saratoga Victory mrg. Co., Ocean mils,Feabodjr IttUls,

ANDHosiery, Sblrts and Dranrers

(Tom Various Mills.new york, boston,White Street, 15 Chadncey Street

PHILADIJLPHIA.J. W. DAYTON, Md CHESTNUT STREET.

Brinckerhoff, Turner

& Co.,Manufacturers and Dealers in

COTTONSAILDUCKAnd all kinds of

COTTON CANVAS. FELTING DUCK, CARC0VERIN8, BAGGING, RAVENS DUCK, SAILTWINES, Ac, •' ONTARIO " SEAMLESS

BAGS, "AWNING STRIPES."

Also, Agents

UNITED STATES BUNTING COMPANY.A full supply, all Widths and Colors, always in stock.

No. 109 Daane Street.

R op

JOHN W.

BTEEL AND CHARCOALIRON of superior quality

suitable for MINING ANDHOISTING PURPOSES,Inclined Planes, Transmis-sion of Power, Ac. Also,[Galvanized Charcoal andBB for Ships' Rigging, Sus-Sension Bridges, Derrickuys. Ferry Ropes. &c. A

large stock constantly onband from which any de-aired lengths are cut-FLAT STEEL AND IRONROPES for Mining pur-poses manufactured to or-der.nASON & CO.,

43 Broadivar. Nenr Vork.

HENRY W. HARTER, ATTORNBY.Canton,Ohio, conducts all cla.sses of cases against indiv-

iduals, milroads and other corporations in both Stateand (J. S. Courts. Refers to C. Aultman, Canton O.Isaac Harter i Sons, Canton, O.; Kountzo Bros ,New York; Ex-Chief Justice Agnew, Beuvcr. Pa.

- I?** E

UTUALLIFINSURANCE CDMH

OF NEW YORK.

;1FE AND ENDOWMENT POllCIEINTERMS AS FAVORABLE AS THOSE 01^î**^ OTHER COMPANY.

.. ORGANIZED APRIL IZTH [842.

MMIS0YER$8aOOO,0OC

SOLD MmJAZi, PABIS, 1878.Bit CeUbraUtHfuiKlier;

803-404-i 70-36 1 -332.

. t througheut thevmUi,"•*^«

[^hGiUott&Sons. NewT.rk.

Commercial Cards

Wright, Bliss & Fabyan,New York, Boston, Philadelphia,

iELi.ING AGENTS FOR LEADING BRANDSBROWN AND BLEACHED SHIRTINGS

AND SHEETINGS,PRINTS, DENIMS, TICKS, DUCKS, &c.

Towels, Quilts, White Goods and Hosiery.

Drills, Sheeiings, dc, tor Export Trade.

'Publications.

Chronicle VolumesWANTED.

Volume 1,1865; Volumes 2,4,8 and 10, and suc-

ceeding Volumes down to 1880. Apply at Fublica-

tion Office, 7a & 81 William Str«et.

^T'The Greatest Living Authors''^ sacli as Pror. max ITInN

ler, Right Hon. ^V. E.Gladstone, James A.Froude, Prof. Hnxley,R. A. Proctor, Edw. A.Freeman, Prof. TyndallDr. W. B. Carpenter,Prof. Goldwln Smttb,Tbe Duke ol Argryll,

WiHiam Black, missTbackeray, iTIrs. ITtnloch-Craik, Geo.ITIacDonald, Itlrs. Oil pliant, Jeanlnge-low, Thomas Hardy, niatthefv Ar-nold, \r, H. iriallock, W. W. story,Tnrgaeniel', Carlyle, Ruskin, Tenny-son, Browning, and man; others, are lepre'

tented In tbe pages of

Littell's Living Age.In 1881. The Living Age entered upon lU thirty-

ftiRhth year, admittedly unrivalled and oontlnu-

ously Bucceesful. A xui4kiu magazine, it gives more

THREE AND A QXTARTER THOUSAITDdouble-column octavo paês of reading matter year«

ly. It presents in an inexpensive form, considering

its great amount of matter, irith fresbnces, owingto its weekly issue, and with a satisfactory com-pleteness attempted by no other publication, thebest Essays. Reviews, Criticisms. Serial and ShortStories. Sketches of Travel and Discovery. Poetry^

Scientific. Biographical. Historical and Political In-

formation, from the entire body of Foreign Peri-

odical Literature.

It ifl therefore invaluable to every Americanreader, as the only satisfactorily fresh and COM-PLETE compilation of an indispensable carren«literature,—indispensable because it embraces tbeproductions of

THE ABLEST LIVING WRITERSin all branches of literature. Science, Politics andKH." In no other form can so much thoroughly 0ood

reading be cot for so little money ; in no other formcun so much instruction and entertainment be gotin 60 small a sp'dce."—Philadelphia 2\niea." There is no other publication like it. It is known

and read by a!! who desire to keep abreast with thecultivated thought of tbe English-speaking world,"—Episcopal Jle^fisUr, PhUadcIpiiia.

'* It reproduces bo fully the choicest articles fromthe foreign magazinei*, that one who takes it doeanot feel the need of anything else in the way offoreign periodical literature."—T7« Advance, C?i4-cago.

" its frequent issue and ample space enable It togive all that the very ablest of living writerd fur-nish to periodical literature on science, history,biography, philosophy, poetry, theology, politicsand criticism, and to add to this the full comple-ment of the best that there is in Action."—Th* In-terior, Chicago." Gives the best of all at tbe price of one."—iVw

York Independent,"Teems with the choicest literature of the day."

—New York Tribune." It is. by all odds, the best eclectic published."—

Southern Churchman.* It enables the reader, at trifling expense, con-

sidering the quantity and quality of the readingfurnished, to keep pace with the best thought analiterary work of our time."—C/iri*tuin Union, ifw)York.»" One cannot read everything No man willbe behind the literature of the times who readsThb IjIVINO age."—Zhou's Herald, Boston.

" We know of no investment of eight dollars. In

the world of literature, that will yield equal re-turns."—Tfte Prc'^byterian, PhiUidîphia.*' It has no rival."—JTety York Evening Pott.

Published WBiKLy at |8 00 per year, free of

postage; or for $10 50 Thk Living Agk and any

one of the American H Monthlies (or Barptr^t

Weekly or -Bosar) will be sent for a year, postpaid

;

or for |0 SO The Liviko Age and the St. Ai(Aoia$

or AppUton^s Journal, or Ltppincott'* Monthly. A*-drese, _LITTELL Sl CO., BobCoii*

Au«un 0, laoi.j lUE UHROiNlCLK n!

iBsnnuioe.

OrFtCB OP THB

ATLANTIC

Mutual Insurance Co.,

NKW YORK, JumuT 25, 1881.

His TrustuM, In oonformltj to the Charter of

the Oumpaiiy, submit the following StateniMit

•f tts uffulra ou tho lilst Deoember, 1880

:

Prwuluuu un Uiuiue Kidks from

lit JuiuBry, 1880, to Slat «•-

oemb«r, 1880 »4,232,075 04Premluma ou PoUcle* uot marked

off lat Juituwy, 1880 1,495,047 23

Total Marine PreoMimu .... 95,728,622 27

Framlnma marked off from 1st

JaniuuT, 1880 to Slat Deoem-ber, 1880 94,141,087 80

Xionea paid darlns the samepenoo. »2,071,238 98

Bstama ot Premiums and ex-

Ii>enaea $873,113 »«

The Company has the following assets, Tiln'

United States and State of NewYork Stock, Citr, Bank andother Stocks $8,983,558 00

Loans aecured hy Stocks andotherwiae 1,187,900 00

Beal Estate and Claims due the

Company, estimated at 470,000 00Premium Notes and Bills Re-ceivable 1,628,921 34

Cash in Bank • 337,977 37

Amount $12,608,336 71

BIX PER C£NT INTEREST on the outatand-

oertMcates of profits wlU be paid to the holders

thereof, or their legal represcutatires, ou andafter Tuesday, the First of February next.

THE OUTSTANDINO CERTIFICATES of

the Issue of 1876 wUl be redeemed and paid to

the holders ther«of , or their legal represeuta-

ttves, on and after Tuesday, the First of Febru-

ary next, from which date all Interest thereon

wlU oease. The oertlticates to be produced at

the time of payment and canceled.

A DIVIDEND OF FORTY PER CENT ia

declared on the net earned premiums of the

Company, for the year eudiuK 31st December,1880. for which certificates wUl be Issued cmand after Tuesday, the Third ot May next.

By order of the Board,

J. B. CHAPBIANJ .SecretaiT.

TKU8TKK81J. O. Jones,

Charles Dennis,

W. H. H. Moore,Lewis Curtis,

Charles H. RusseU,James Low,David lAne,

Gordon W. Bumham,A. A. Raven,Wm. Sturgls,

Adulph Lemoyne,Benjamin H. Field,

loslah O. LowWUUam E. Dodge,iioyal I'belps,

rUomus F. Youngs,C. A. Hand,John D. Hewlett,WUlliuu H. Webb,Charles P. Burdett,

Horace Gray,Edmund W. CorUes,John Elliott,

Alexander T. Blake,Bobi. B. Mlntum,Charles H. Marshall,George W. Lane,Edwin D. Morgan,Robert L. Stuart,

James O. De Forest,

Samuel WlUetts,

Charles D. Leverioh,W'Uiam Bryoe,Vmiam H.Fogg,Peter V. King.Thomas B. CoddingtenHorace K. Thorber,William Degroot,

Henry Collins,

John L. Riker.

J. D. JONES, President.

CHARLES DENNIS, Vice-PresidenL

W. H. H. MOORE, 2d Vloe-Prealdent

A. A. RAVEN. 3d Vloe-PrealdeuL

Pnbllcikiiana.

VALUE OFRailroad Securities.

Ay ANALYSIS OF

Debt; Interest Charge* ; and Earnliiifg

In the Past Foar Yean.

MONTHLY RANGE OP STOCKSAND BONDS

JASUAUXAND

TO JVNJS, 1881, ISOLVSITBTHE FULL TSAS 1880.

CONTENTS.Value of Railroad Securltlea.

—

A STATEMENT OF THE BONDEDDEBT, INTEREST CHARGES. ANDEARNINGS for Four Yeats Past, of all

Railroads which have Earned the Inter-

est on their Bonds.

Highest and Lowest Prices, Monthly

—

BONDS IN NEW YORK-January to Jul/,

1881, and the {all year 1880.

STOCKS IN NEW YORK— January to

July. 1881, and the full year 1880.

STOCKS IN BOSTON-^anuary to July.

1881, and the fall year J 880.

STOCKS IN PHILADELPHIA—Januaryto July, 1881, and the fall year 1880.

Diridends.

—

DIVIDENDS ON RAILROAD STOCKSSold at the Exchanges in New York,

Boston and Philadelphia, up to July 1

in 1881, and for five years previously.

Railroad Earnings.

—

RAILROAD EARNINGS—To latest date*

in 1881, Compared with Same Period in

1880.

Price In Ked Lsather Corere, - $100To subacrlbere oftbe Cbronlcle, - 75

WILLIAM B. DANA A. CO.,

79 & 81 WILLIAM STREET, NEW YORK.

Cotton.

JOHN H. CLISBY & CO.,

COTTON BDYER8,OIONTGOIUERY, ALA.

PUBCHASS ONLY ON OBDIiBS, lOB A COMMISSiOK

Wm. Felix Alexander,COTTON BROKER,

ACJOCrSTA, GEOROIA.Kntlre attention given to parchase of COTTON

OBOEK (or SPINNERS and EXPOKTBK8

COBBXSPONDUrOa BOLIOITXO.

eterencea :—National Bank of Angnita, GeorgI'

Henry Hentx A Co., Commisalon Merclianta NtwYork ; William B. Dana A Co., Proprletora Cohiisb

GUI, *in> FWAumxi. Chsohiolb, and other Ne«Yoik Uonaea.

John F. Wheless & Co.,corroN

UOininiBSION nBHCHANTHNASHVILLB. TENNK88KK.

Special atteDUoo givea to Splnnera' orUar*. Oon»^poadcncQ aolicited.UaraauiGaa.-Tliird and Fonrtli NaUoaal Baaki

and Propnewn of Tb« Ca>o«ioi.a.

CoUon.

raAs. r. BoaoBar, jomm .

C. F. Hohorst & Co.,COTTON

COMMISSION MERCHANTSN*. 18S PBARL, STHKBT,

New %orli.iUeelTS C!onal(nmenti of Cotton and other ptotmttLIBBKAL AUVANCBd MAUM.Speolal attenlioD kItsd to ordara for the parohaa*

and aal* of Contneta for rntnrs DellTery of Ccatoa.

Jno. C. Graham & Co.,(Bneeaaaort to R. M. WATKHI * OOJ

B A N K B BAND

COTTON COMMISSION MERCHANTS^18 Wllllaa 8ire«t, Hew Yariu >'>

INTMTllBNT SECURITIBS BODOHT AM9SOLD POH A OoMMIbSroM.

F. Hoffmann,COTTON BROKER AND AGENT,

SS RVB OB I.A BODBftE, HAVBB.

Dennis Perkins & Co.,COTTON BROKERS,

IIT Pearl street. New York.Ordera for Spot Cotton and iPntiirea piompUr as*

oated

J.P. Billups & Co.,

COTTONCOMMISSION MERCHANTS

No*. 16 & 18 Excbanse Place,

POST BUILOINO, NBW TURK.

Special attention iilTen to the Pnrebaae and Sale

of Contraeta for future deilTary of Cotton.

Geo. Copeland & Co.,CX>TTO:!r BROK£RS,

IS« OBARl. SIRBBT. NE1V YORK.

B.F.BABCOCK&CO.COMMISSION MERCHANTS.

17 Water Street, LIVERPOOI.,Receive conilKDments of Cotton and otiier Produce,

and execute orders at the KxcbaoKei in Lirerpooi.Represented in New York at the olUce of

BABCOCK BitOTHERS * CO.,

SO Wau. Strkbt.

Geo.H.McFadden& BroCOTTON FACTORS

AND COMMiaSION MERCHANTS131 Cheatnat St., Philadelphia.

WALTER & KROHN,COTTON BROKERS,

68 BEAVER STREET, NBUT YORK.

H. Tileston & Co.,COTTON, ST04!KS, BONDS, *c.

ta WlL.iaAM STRBET, NEW YORK.Ordera in " *^atnrea" executed at N.T. Cotton Sxoh

A. L. Leman,COTTON BROKER,

No 160 BECONU STRBET,mACON, CEORGIA.

Entire attention paid to purcliaaeand ahipment ofCotton on order tor epinners and Exuortera.Best uf referenoea furnialied. Correapondeaoe

aoltciteii.

Parisot & Campbell,Couon Factors,

VICKSBORO, la.tS».

Orders to Parohaae Cotton in ovs market aolieitea

Refer to Maaara WOOUWA&U 4 OTlLiJiAli

New Toik.

vt THE CHROJSK.'LE.

Cotton.

Woodward & Stillman,POST BniliDIHO/

Cot. KsehsBse PI«ce, Ha««Ter& B«»Ter Htm,

(tasAH o» Custom HottskI.

KKW VOKK.

IlIXEBALCOMMIgSIONMERCHANTS

,041*8 ISADK ON ACCEPTABIiBRBrVRITT.

UhenI tdruioM made on Conslitnmenti.

Special attontion psid to the exaootlon Of or««r»

tor the pnrch«»e er sale of oontraota for tutnre

dellTgry of eotton.

W.C. WATTS. DATm HASITKLL. CHA8.W. WATTSTHOMAS J. Slacohtkb, Special.

Watts, Haswell & Co.,

«6 8TONK 8TREBT, MEW TORK,

COTTON FACTORS

ANB CORIIIIISSION AIEBCHANTS,

Watta, Haivell ft Co. will make adrfocea on Cot

ton and other Produce conslKned to them, or toWC. Watta i Co. Special attention gWen to the eze

«iiUpn of orders for the purchase or sale of Cotton' tnXlTerpool for future delivery, etc.

.\^ W. e. WATTS & CO.,

le BBOWN'g BDILDINO, LIVERPOOL.

Geo. Brennecke & Co.,COTTON BKOKER8.

H*. 110 Pearl Street, New ITork.

FCTOBB CONTBACTS A SPKCIALTT.

HOtrt H. Wars. OIIXLAT SCHBOIDS

Ware & Schroeder,

COTTON COMMISSION MERCHANTS.

Ill Pearl Street, Nevr Tork.

Bpeotal attention paid to the execatton of orden

f«r the parohue or sale of contracts for future dd>

Iverr of cotton. Liberal advances made on con

•iifpmeDte.

amesF.Wenman&Co.,COTTON BROKKRb,

Ifo. 1 46 Pearl Street, near VTall, N. 1KatabllBhed (In Tontine Building) 1840.

J

UmAH, A ZBAHAM & Go^New Orlftans. La.

LxaHAK, DUBB A CoMontKomery, Ala

LEHMAN BRO'S,

OoTTON FactorsAND

fMIfVISSION RIERCHANTS,40 EXCHANGE PLACE.

New York.Orden eze««ted at tbe otton Exchcsgea In Vev

Tork and uiverpo«l aad adraaees made on Cottonand other produee consigned to as, or to our corre-S3indenu In LiTerpool, Messrs. d. Newgasa * Uo.aDdMeairs,L. Rosenheim A Sons.

H. W. &J.

H. Farley,COTTON FACTORS,

OOMMI88ION MERCHANTS,

FINANCIAL, AGENTS183 Pearl Street,

P. O Box 8,»0«. New York.AdTaaces made on ConslgBments.Bpoclalperson&J attention to the purchase anit aaip^^^KtKACTB n.B rnTCWt'DKLrVKBY OF

WM. MOHB. H. W.HANUiAlfH. CLXHIirg FigCHI

Mohr, Hanemann& Co.,

COTTON BROKERS,

138 PBARI. 8TRBET,KaW TORK.

SpMtal attention giTen to tha exeentlon of OB.DRM FOR nJTDBB 0OMTRA<n«.

Cotton.

INMAN,SWANN&CoCOTTON

OOMMISSION MERCHANTS,Cotton Exchange Bntldingr,

101 Pearl Street. New Tork.

LOANS MADE ON

SOUTHERN SECURITIES.

HYMAN8 &. DANCY,NoBroi.K, Ya.

Dancy, Hyman & Co ,

COTtON COMMISSION MERCHANTS,9» Pearl St., New York.

Special attention given to the purchase and saleof contracts for future delivery.

Bennet & Foulke,conMl SSION MERCHANTS.

131 PEARL STREET,NEW TORK.

Special attention given to the execution of ordersfor tbe purchase or sale of Contracts for Futuredelivery^

^

HlBAM POOL. BABTUTT S. JOHNSTON.

Pool & Johnston,COTTON COmitllS^ON MERCHANTS,

63 STONE STREET, NEW TORK.Consignments solicited Orders executed at Cot-

ton Exchanges in N. V., New Orleans and Liverpoo

Fielding, Gwynn & Co.

COTTON FACTORSAMD

COMMISSION MERCHANTS,16 dc 18 Exchance Place,

POST BDII.DINO. NEW YORK

E. S. Jemison & Co.,BANKERS

AND

COTTON COMMISSION MERCHANTSNo. 10 Old SUp, New York.

XeODT a JEMISON, Gslreston, Texas.

Henry Hentz & Co.,GENERAL

COniniSSION IttERCIIANTS,8 Soatb 'WtlUam St., New York.

Advances made on Consignments to

nieasrs. JTAIdES FINLAV &. CO.,LIVERPOOL, LONDON AND GLASGOW.

Also execute orders for Merchandise throughmeaara. FINE.AY, mVIR &. CO.,

CALCUTTA AND BOMBAY.CONTRACTS FOR FUTURE DELIVERY COT-TON bought and sold on commission In New Tork

and Liverpool: also at New Orleans through Messrs.Samuel H. Buck & Co.

'apuma.

Waldron & Tainter,GENERAL COTTON jnERCHANI

97 PEAKL STREET, NEW YORK.Fntu e ' orders executed at N. T. Cotton Bxch'ge

Hughes, Carter & Co.,COTTON BUYERS.

IWOBI1.E. ALA. MERIDIAN, MISS.

THE UROWN'

Cotton Gin Company,NEW LONDON, CONN.,

MAinrrACTiTBERs or thk oelebratzd

Brown Cotton Gins, Gin Feeders andCondensers.

CXWTON OINS FOR EXPORT.

lAuausT 6, 1881.

Insurance.

HOMEInsurance Company

OF NEW YORK,OFFICE, 119 BROADWAY.

Finy^lxth Semi-annnal State^ueat,SHOWING TBB

CONDITION OP THE COMPANT ON THE FIRSTDAT OF JULT, 1881.

CASH CAPITAL $3,000,000 00Re«arTe for Unearned Premiums 1,896,678 00Reserve for Unpaid Losses 210,724 29Net Surplus 1,738,627 03

. asli Assets $6,866,029 32SCniHARY OF ASSETS

tleld In the United States, available for the PAT-MENT of LOSSES by FIRE and for the protoction of Pollcy-Holders of FIRE INSURANCE:

Cash in Banks $138,877 14Bonds and mortgages, being first Hen onreal estate (worth |3,680,B50) 1,715,558 00

United States stoctta (market value) 2,029 100 00Bank A RR. 8tocksibd».(market value) 6:5,517 50State and municipal b'ds (market value) 11(2,750 00Loans on stocks, payable on dpmand(marketvalueofcolrster'ls, 12.459,731) 1,865.600 00

Interestdueonlat July, 18(11 59.i«ig 11Premiums uncoll'ct'd & In h'nds of agts. 143.208 17Keal estate 51,816 40

Total «e,866.029 MCHAS. J. MARTIN, President.J. H. WASHBITRN, Secretary.

MTNAInsurance Company

OF HARTFORD.Assets Jannarr 1, 1881 $7,424,073 72LtablUtiea for unpaid losses

and re-insurance fund 1,694,80180Capital 3,000,000 00

NET SURPLUS $2,739,371 93No. 3 Cortlandt St., New York.

JAS. A. ALEXANBER, Agent.

North British

& Mercantile Ins. Co.OF

LONDON AND EDINRURnH.Cnited States Board of Management,

NSW YORK :

SOLON HUMPHREYS, Ch'r'n,(B. D.MorganA CoDAVID DOWS, Esq. (David Dowe & Co5K. P. FABBRI, Esq. (Urexel, Morgan &Co.)How. 8. B. CHITTKNDISN.EZRA WHITE, Esq.J. J. ASTOR, Esq.

CHAS. E. WHITE, SAM. P. BLAGDEN,MANAGERS,

Ofilee 54 Wtlllam St., New York.

LyOminercial

nion Ins. Go.(OF LONDON),

ALFRED PELL,Resident Manager

W & 39 Wall StrP.^.^

Works at Orient, L. I., and " ErBiKA"RICHMOND, VA. " ORIENT."

The Atlantic & Virginia

Fertilizing Co.OFFER THEIR STANDARD BRANDS

AHMONIATED BONE SUPERBHOgPHATB OF LIKE,AND

« ORIENT COMPLETE MANURE,"And want a good working a«ent in every thrlvioxcotton, tobacco, grain and truck growing county.Apnly (with reference) to

\l. O. CRENSHAir, Prea't,CiBaMSHAW WAREHOCSB,

Rictamona, Ta.

august 6, 1881, vol. 33, no. 841 - fraser · and^ hunt'smeechants'magazine,...

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