xmmHUNT'S MEECHANTS* MAGAZINE.

REPRE3ENTINO THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATKa

VOL. 36. NEW YORK, APRIL 14, 1883. NO. 929.

^itmtuial.

AMERICANBank Note Company,

148 BBOADWAT, NEW TORK.Ballaru Fcandcd ItOS.

iMoipanM ssdar I<iwi o{ OUtt of itnr Tmk, 186t.

lEeorcanlKcd 1)470.

KNOHAVKItft AND PRINTGns OF

•ONDS, POSTAGE & REVENUE STAMPS,LKOAL TENDER AND NATIONAL BANKMOTES, of the UNITED STATES | and foi

Foreign Covernments.ENGRAVING AND PRINTINO.

iJANK NOTKS, SHAKK. CKKTIFICATE8,II<>M>S FOR GOVKKNMKNTS ANDroKI'ORATIONS. DKAFTS. CHECKS,HILLS OF EXCHAN<1K, KTAMTS, &0.,til the fluent anil most urtlHtic stylo

FROM STEET, PLATES,With ipedil iifesfuuli to ;nTest COmmsmTOTO.Sp«oitl ptpoi masolictiind exclsjlrel^ bt uie tt tht

C«Bpaii7.

SAFETY COLORS. SAFETY PAPERS.Work ExecuU'tl In Flrepnjof ItulldinsB*

LITNOGRAPNIC AND TYPE PRINTIIIB.

AII.WAV TICKETS OF IMPIIOVF.D STYLES.Show i'ttrdR, L«lM>lt. CalcndHr«.

TBOLAXfK BOOKS OF EVKUT DESCBIFTI027.

ALBERT G. GOODALL, PresldenL

VICE-PRESIDENTS :

J. MACDONOUGH, A. D. SHEPARD,W. M. SMILUE, TOURO ROBERTSOH.

«. H. STAYHER, Treas. , ^THIO. H. rBEHAiro, Saety.

BanqueCentrale Anversoise,

A N T IV E R p.Tsid-Up Capital. • - 9,000,000 Francs.

BOARD OF DlRSCronS.FvuxGRlSAU. President.AtrRimMAgiMNAY (Graff* Msqulnay), Vlce-Pre«.J. B. Von t>kk hecks (Yen der B«cke k MaraUr).•Otto gunthku (ComeUle-Darld).Bmii.e IIK t;oTTAI«AD FRANK Krank. Model It CleJArc. N'oTTEHoHM (Nottebohm Freres).Kr. DHAXls {Mlchlels Ixxts).JOH. Das. KriiRMANN. Jr. (Joh. Dan. Fabrmann.)LOCI8 Webek ( I- d. Weber 4 Cle.)Jn.C8 Kautenstbauch (C. aohmid & Cle.)

TRAN SAOT AGENERAL BANKING BUSINESS.ASA. P. POTTKR, ITes't. J. J. KDDr, Cashier.

Maverick National Bank,BOSTON.

< APITAL, - --••• $400,000SLRPLDS, • - - - ... - 400,000Acccjunts of Banks and Bankers solicited.

Collections made upon favorablo terms.

_Govermnent^ Bonds bought and sold.

Barker & Tinker,BANKERS AND BROKERS.

No. S EXCHANGE COCBT,New York.

FORDTCB D. Barkir, Member N. T. Btoek Rxcb.HmRT C. TINKIR. UENS.SKLAEH WE8T0».

STOCK BROKER.Lansdale Boardman,

NEW yOKK, 80 BHOADWAT. * 5 NEW ST.opposite 8tork Bxchanire.

TBUY, N. v., 14 A 15 HAM, HLILDINO.Prtvuto Wire to Troy.

Beeurltles carried on maniln- Interest paid on helenoee

financial.

DIAMONDS.Alfred H. Smith & Co.,

182 Broadwar, Cor. Jolin St.,

1MP0RTEB8 or

Diamonds, Fine Rubles, Sapphires,

and other Precions Stones,

EXCLVSITELT.l^OTFDOIt. 8S HOLBORIT TIADCCT.Mamben M. T. and Pblkulelpbla Stock Exchanges.

L. H. Taylor & Co.,BANKERS,

8. Xr. Cor. Tbird and Ctaeatnnt 8ta.,

PHILADELPHIA.Depoaits received subject to check at sight, and

Interest allowed on dally balances.Stocks, Bond9, Ac. boUKbt and sold on commission In

Philadelphia and other citiesPartlonlar attention idven to Information regarding

InTestment Securities.Prirate wire to New York, Baltimoreand other places.

William Pollock,MEMBER NEW TORK STOCK EXCHANGE,BANKER AND BBOKEB,

as PINK STREET. NEW YORK.

Buys and selLi on commission, or carries on margin,all securities dealt In at the New York Stock Ex-change

Car Trust Bonds.WE MAKE A SPECIALTY OF THESE VERY

SAFE SECURITIES, AND BUY AND SELL 8AMB_AT MARKET PRICE.WE OFFER A LIMITED AMOUNT OF DESIR-

ABLE CAR TRUST ISSUES, ADDITIONALLYSECURED BY THE DIRECT OBLIGATION OFTHE RAILROAD EQriPBTENT COMPANY.

POST, MABTIX & CO.,

No, 34 PINE STREET.

Simon Borg & Co.,No. 8 WALL STREET, NEW YOBBl,

DEALERS IN ALL KDTBB OF

Railroad and InTestment Secarities

BODTHBBN eBCUHlTIW A arBOIALTT.

Henry Bros. & Warfield,BROKERS IN

STOCKS AND BONDS, UNLISTEDSECURITIES AND niNINO STOCKS,

Jjo. 58 BROADWAY.DOtTOLAS HENRY, CHABtES SrrON HEXRT,M^b« N.y: bUKk fcx. Member N.Y.Mln. Stock Ex.

DANIEL WARFIEU).

John S. James & Co.,Commission Stock Brokers,

Ha. 18 BROAD STREET. NEW YORK.

JOHN 8. JAMEK, WA»R»!« T, JAMESMember N. Y. Stock Bxch.

atoeke. Bonds, 4o., bought and told for oaah or onmargin.

I^itmticial.

R. A. Lancaster & Co.,BANKERS) AND BROKERS,

66 BBOADWAY, NEW YORK,I>rAI.KH.K IN

FIrst-CIaaa Inveatmenl Secarltlee.OOVEHN.MENT BONDS. HTATE. CITY, COUNTTRAILROAD A MIHCKI.I.ANKOUH HKCURITUS

Rouicht and Bold on Comnilseloo.Vlnilnla Tax-IUcHv^iU Coupmu BoudkL

SOUTHER}/ SBCURITir.S A SPECIALTT.IX)AN8 NKOOl'IATBO.

IHTEBEST ALIX>WSD ON DSPOgm

KSTABI. IHIIED1884.

Coleman Benedict & Co.Mo. 24 BROAD ST., NEW TORK,

STOCKS AND BOND&,UKMBBRS OF TUB N. Y STOCK BXCBANOaA strictly oommlsslOD business oonduoted In the

pnrohaee and sale of Stocks and Bonds on Marginor for InTestment..Complete Flnandsl Report Issued weekly Cc vw

correspondent*.

J. D, PRIHCB, JAS WniTEI.T, II. CRrOBBOAKI*.Harry C. Looan, Maynauh c. Eras.

W. H. Traters. Special Partner.

Prince & Whitely,No. 64 BROADW^AY, NEW YORK.

(Branch Office, 180 Fiah Awe.)All classes of Railway and Mining Stocks booghi

and sold on Commission.Prirate Telegraph Wires to PhUadelphIa, WUmbw-

ton, Baltimore, Washington, Boston, Bridgeport andNew Karen.

COLLJ.TVTHineR, JA8. TmiKgB. N .LDCgl^TMemb. N.Y. Stock Exch. SpaeteL

C. J.Turner & Co.,

BANKERS AND BKOKBBS,15 Broad dc 35 W^all 8t«., New York,

MILLS nVILDIXa. Room 7, Secnnd Story.

Stocks, Bonds, Ac, b uKht and sold for cash or onmarKln. Special attention to inyestmant ordersinterest allowed on deposits.

Douglass Green,16 EXCHANGE PLACE, NEW YOBK.

Governments and Foreign Exchange.

IHat. ofColambla Seenrltleaa Specialty

W. B. PKABU OTIR PKARUMemberN.Y.StookB

Pearl & Co.,BANKERS AND BROKERS,

16 BBOAD 8TBEET,-NEW^ YOBISUKdu and bonds bought and sold on oomm

Interaet allowed on depoelU snbjeet to sight

Letter* of Inquiry cheerfnUy answered.

THoa. A. VTsa. C. & BROinr.w. K. D. Yr»». Member N. T. Stock Kxekaaga.

Vyse, Son & Broun,BANKERS AND BROKBBS

No 3 WALL STREET, NEW YORK.

Stocks, Bonds and OoTeminantSeCTrtUaa kM^and sold on oomralsulon. Intareat aoowaa oa ^poalta subject to check at sighu

Howard Lapsley & Co.,

BANKERS AND BROKERS.

No. S WALL STBBBT,New York.

THE imilONlCLE IVoi. XXXVI.

"gavtiQU g^cttauflje.

Drexel, Morgan & Co.,VTAIjIj stkeet,

CORNER OF BROAD, NEW YORK.

Drexel & Co., [Drexel,Harjes&Co

Ko.34 South Third Street, 31 Boulevard Haussmann,

PBII<ADEI.PHIAI

PARIS.

SOIIESTIO AND FOREIGN BANKERS.UeposltB received subject to Draft. Securities

bought and sold on commission. Interest allowed onDeposits. Foreign Exchange. Commercial Credits.Cable Transfers. Circular Letters for Travelers,available In all parts of the world.

ATTOHNEYS AfTD AOENTS OFMessrs. J. S. jnORGAN & CO.,

No. 22 OLD BROAD STREET, LONDON.

Brown Brothers & Co.,No. 69 WAIa\^ street, N. T.,

BtTY AND SELL

BILLS OF EXCHANGEON GREAT BRITAIN AND IRELAND, FRANCEGERMAN V. BELGIUM, SWITZERLAND, NOR-WAY, DENMARK, SWEDEN AND HOLLAND.

Issue Commercial & TraTelers' CreditsIN STESLINO.

AVAILABLE IN ANY PART OF THE WORLD.And in Francs, In Martinique and Guadaloupe.

nAKE TELEGRAPHIC TRANSFERSOF nONEir

BETWEEN THIS AND OTHER COUNTRIES.HAKE COIiLECTIONS OF DRAFTS drawn

abroad on ail points in the United t^tates andCanada, and ot Drafts drawn in theUnited States on Foreign Countries.

J.&

J.Stuart & Co.,

33 NASSAU STREET.

BILLS OF EXCHANGE ONdiniTH, PAYNE & SniTH'S,

BANKERS, LONDON;ISANCHESTER & COUNTY BANK,

"LIMITED;"MANCHESTER, PAYABLE IN LONDON ;

UI.STER BANKING COmPANY,BELFAST, IRELAND;

AND ON THENATIONAI^ BANK OF SCOTLAND,

EDINBURGH, AND BRANCHES;ALSO,

CABLE TRANSFERS AND LETTERS OF CREDIT

NEW YORK: LONDON: PARIS:

C^'^Q""™r. W.RnsBKLLWisiL T.KDatm.

William Heath & Co.,(ESTABLISnSD 1861.)

BANKERS AND BROKERS,

Ro. 80 BROADWAY, NEW YORK.' Members of New York Stock EzchanKe.

FOREIGN EXCHANGE. CABLE TRANSFERS.

William Heath & Co.,10 TIiros:inorton Ave., I^ondon^ E:ns«

Draw Bills of Exchange and transact a fzeneralflnanclal commission business. Purticoiar attentionglTen to American Securities.

William Heath & Co.,No. 19 Rne Scribe, Pari*.

Orders solicited for Tendon and American marketslorlnTestment or on marjfln. Hallway, State and CltjLotena neifottated.

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

No. 4 Post Office Square, Boston.CHEQUES AND CABLE TRANSFERS ONnUNROE & CO., PARIS.

STERLING CHEQUES AND BILLS AT SIXTYDAYS' SIGHT ON

ALEXANDERS & CO., liONDON.

CiBCUi-AB Notes A!«d Credits for Travelebs.

James T. Bates & Co.,(ESTABLISHED 1868,^

BANKERS AND BROKERS,mills Bnlldlug, New York.

Members of the New York Stock Exchange.Checks and Cable Transfers on JAMES T. BATES &

CO., Gsoera, Switzerland.

|^0icjeiflix ^xcUmiQt.

August Belmont & Co.,BANKERS,

Nos. 19 and 21 Nassau Street,

Issue Travelers' Credits, available in all parts of the

world, through the

MESSRS. be; ROTHSCHILD,and their Ctirrespondents.

Also Commercial Credits end Transfers of Moneyon California, Europe and Havana.

Kountze Brothers,BANKERS,

120 Broadvray (Eqnitable Building),NEW TORE,

I^ETTERS OF CREDIT ANDCIRCULAR NOTESIssued for the use of travelers In

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

Telesraphlc transfers made to London and to variousplaces in the United States-

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

Government and nther bonds and Investment securl*ties bought and sold on commission.

Jesup, Paton & Co.,

BAIVKERS,62 VrUllam Street, New York.

Accounts and Ajrency of Banks, Corporations,firms and Individuals received upon favorable terms.Dividends and interest collected and remitted.Act as HKCnts for corpomtlons in payiu,; rcupons

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

commission, at the Stock KxctaanKe or elsewhere.Sterling Exchange and Cable Transfers bought

and sold.DRAW ON

THE UNION BANK OP LONDON:THE DEUTSCHE BANK. BERLIN, HAMBURG

AND BREMEN:ANDRE GIROD & CO., PARIS.

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

Cor. Wall and Nassan Sts., New York.

FOREIGN BAKHERS.

CABLE TRANSFERS, BILLS OF EXCHANGEAND

COHMESCIAI. AND TbATELEBS' CEEDITS.

CORRESPONDENTS

:

BARING BROTUERS de CO., London.

PERIER FRERES •& CO., Paris.

MENDELBBOUN Ot. CO., Berlin.

John 8. KKjfNEDT. O. H. Northcote,J. KKNNitDr Tod: Ai.exa.ndekBauiso,

Member N. Y. Stock Exch.

J.S. Kennedy & Co.,No. 63 WILLIAM STREET,

BANKERS.Act as Agents for Bunks, Bankers and Railroad

Companies.iHHiie commercial credits, also foreign and domestic

travelers' letters of credit in pounds sterling & dollars.

Oflfer Investment Securities.Buy and sell bonds, stocks and securities in all Am-

erican, Canadian, British and Dutch markets, on Com-mission.(tiiiect dividends, coupons and foreign and Inland

Drafts.Sell Bills of Exchange on

Melville, Evans & Co ; C.J. Hambro & Son. LONDONand on H. Oj-ens & Sons, AMSTERDAM.

Schulz & Ruckgaber,BANKERS,

16 EXCHANCB PLACE, NE^V YORKCORRE8PONDKSTS OF THE

International Bank of London(Liiuited) London.

niessrs. Jolin Bcrcnbcrs, Gossler Sc Co.Hamburg.

Messrs. niarcnard, Kranss & Co., ParisCommerdalandTravelers'Credlta. Btllsof Exchange

Cable Transfers.

J. H. GOADBY & B. E. WALKER,JOINT AGENTS

Canadian Bank of Commerce,16 EXCHANGE PLACE,

BUY AND SELL STERL-'NG EXCHANGE, CABLETKANSFiiRS. KTC.

ISSUE COMMERCIAL CREDITS. AVAILABLEIN ALL PARTS OF THE iVoRLD.

"^OXtiQU '%^t\XViUQ&,

J.& W.Seligman&Co.,

BANKERS,No. 23 BROAD STREET,

Newr York.

Issue Letters of Credit for Trarelers,

Parable In any part of Europe, Asia, Africa, Aus-tralia and America.Draw Bills of Exchange and make Te'eTrspbltt-

Transfers of Money on Europe and California.

J. W. Wilson & Co.,37 dc 29 BEATER ST.,

NEW YORK.

Bills of Exchange and Letters ofCredit on Mexico.

Jmilicrs aujd %xa\\txs.

Taintor & Holt,BANKERS,

No. 10 WALL STREET, NEW YORK-TRANSACT a GENERAL BANKING business.

DEPOSITS received and INTEREST allowed onbalances.

Buy and sell GOVERNMENT, MUNICIPAL and.

aAILROAB Bonds.Private telegraph wires to Providence and Bosto-

O. B. TAINTOR. GEO. H. HOLT,

CAI.D\¥EL.L, WASHBVRIW di^

TOWKSEND,BANKERS AND BROKERS.

UNITED BANK BUILDING,.BROADWAY AND WALL STREET.

Transact a general Banking Business, including thd-

Purchase and Sale of all Securities dealt In at tho-

New York Stock Exchange.Interest allowed on deposits subject to sight draft,

C. B. CAI.nWELI,. L. C. WASHUtlRN,CBAS. J. TowNSEND. Member N. Y. Stock ExKhang*.

aXOBOK BTABK. Jobs F. Stabk

George Stark & Co.,BANKERS,

No. 33 Nassau Street New^ York,TRANSACT A GENERAL BANKING BUSINESS

AND BUY AND SELL INVESTMENTSECURITIES.

JTave constantly on hand and for saleWESTERN CITY AND FARM MORTGAGES,

Bearing 7 to .S per rent Interest.

WESTERN MUNICIPAL BONDS.Circulars with full particulars mailed on application-

J. C. Walcott & Co.„BANKERS AND BROKERS

No. 3 Pine Street, Neiv York.Transact a General Banking Business; Buy and

Sell on ComraKsslon. for cash or on murplD.all Securl--ties dealt in at the New York, Philadelphia, Bostonand Chicago Stock Exchanges.

Branch Office, 320 Broadway.Jos. C. WAixoTT, ( Members of the N. Y. StockFrank F. Dickinson, (and Mining Stock Kxch'ges.

WALSTON H. BROWN. FBED. A. BHOWH.HERBERT P. BKOWN.

WalstonH .Brown& BrosBANKERS,

No. 20 Nassau Street, New^ York.

SPECIAL ATTENTION GIVEN TO THE NEOO.-TIATION OF

RAILROAD SECURITIES.

Hatch & Foote,BANKERS, No. 12 WaU Street, N. Y,.

w,» mnkp II S. Bonds and Investment Securities aspecialty, execute orders in STO0I<8 and BONDSfOT cash or curry the same on margin We transact

•1 eenenil BANKING business and ALLOW INTER--EST on DEPOSITS. Brunch UflJces, connected byprivate wire, Norwich, Conn.. Gloucester, Mass., ana<

131 Devonshire Street, Boston, Mass.

Wood, Huestis & Co.,31 PINE ST., NEW YORK,

BANKERS AND BROKERS,8CCCESSORS TO

WOOD Sc DAVIS.Bxecute orflers in all securities listed at the NewVork Stock Exchange. For Sale,

FIRST-CLASS KAILROAB " IST MORTGAGE BOSBS.*"

GEORGE C. WOOD. C. H. HUESTIS. L.M.8WAH

AraiL 14, 188S.J THK CllllONICT.K.

iatt&evs ana gvoticvs.

Gwynne & Day,'Ettabllnlicd l^Sl 1 No. 45 IVall Street.

TnuiMwit a iMnonil banklnn iinil bmkoniao biulnouRailway tibjin» and Uoiida and Uurorniuont

Bworltloa.

lotsnat allowed on rtdpoalla.

iBToatmanU oarcfnilr attended to.

I. F. Mead & Co.,fcTOCK UROKKRS,

80 BROADWAV, MStV YORK.Irmnota oiUru irlih I'rivnte Wire at iiB Wo«t Twenty

'I'lllr.l Strwt.Bar and i*on on ooniiuitislun fur Inveatnient or on

mantin, hII aecurltlea dealt In at ttae New Vork StockBkohonito.R. a. UtAU. I. V. MKAn. T. II. CtTBTla.

Member N. V. Stock Rxoh

WM. M. KAUL. a. II. DAYTUH. tilO. U. aTATNBBMember N. V. 8t«ok Kxch. Special.

Earl & Dayton,BANKKKS AND BROKERfl,

s^ TO ae DiiEXEr. building.New tork.

STOCKS AKi-> BUNDS BOUGHT AND BOtP8TRim,V ON COMMISSION

C. H. Bachem,(FOnMEBLY LIMBBRT A CO.),

BANKKR AND BROKBR,IB 4 21 NASSAU ST.. NttW YORK.

Member of New Vork Stock KzcbanKe.Stooka and bonds boiijrht and sold on coniiiilsslon

foreaah or on Hi>nroved margin. Collectlona mudothronstaout United Stutes.

JooaPH I?, umvd. w. c. mcksanMember of N.Y. Stock Iteofa'se.

Lloyd & McKean,IfO. 34 UrALL STREET, NEVT YORK.

BUY AND SKLI.r-ON COMMISSION

OoTernment, Rallivaf and BlieceUa-neons Seraritlea.

Cahoone & Wescott,No. 3 New Street dc No. 82 Broadwajr,

OOVEKNJnElKT BOIWDS,Ba-OCKS AND I.SVE8TMENT SECURITIES

TinE LOANS NEGOTIATED.gTCPiiEN Cahooxe, Jr.. Wh. p. wescott.

Member N. Y. Stock Kxobanire.

Randall & Wierum,50 EXCHANGE PLACE,

Brokers in Kailroad Mocks Rud Bonils,

OKVKKJV.VB.VTS 4 jrottEIGlf BXCUAXOK,CHA8. K. KANKA1.I.,Menihf>r N. V. p^t/w'k Kxcbanse.

Otto C. Weiuum

Wm. P. Humbert & Co.,BANKERS AND BROKERS,

No. 7 Naanan Street, New^ York.

Wm. p. Hdmbkrt. Kowari) 8. Benedict.Member N. v. Stuck KxchVe,Member N.Y. l>r<Hluce KxchVe.

A. H. Brown & Co.,BANKERS AND BR0KBR8,

T WaU St., Oor. New, New Vor^.INVKSTMBNT SBCURITISS.

Special atteotton to bnstneaa of oonntrr bank*.

Oilman, Son & Co.,BANKERS,

No. 62 CEDAR 8TBBET.la addition to a General Banking Baslneee, buy

and Sell OoTemment Bonds and Inreatment Secnrl-(lee.

K. C. HCMBUHT. JOBN J. C. BUMSUn.Member N. Y. stock Gxch.

E. C. Humbert & Son,BANKERS AND BROSj;U.S,

Noa. 37 & 30 WAI.I. STREET,Qxmot BmLniHO, NKW YORK

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

S ExchroKO Court, New Vork.

^itnltevs mid Jlvolicvs.

JuBN roNiiiii. Altociri'Ua Natbam

Pondir & Co.,stocks, UondHib InTOHtmciit Sccaritie!i

20 EXCIIA^»B PLA( E, N. Y.,

Onlnra exeonted on the Loodoa and Kuropoanmarket.

Stewart Brown's Sons,No. 88 PINB STREET,

Mlir>V TORK.

BT0CK8 AND BONDS BOUGHT AND BOLD ONC0MMI8SI0.V.

CAIJ Co.BANKERS,

No. 18 Vir A L L STKEET,New York,

Tranmct a General Banklnjt Baslneae, Inolndlncthe porchane and sale of STOCKS and BONDS forcash or on marKln.

Bay and Sell InTeatment Secnrltlea.P. O. BOX »,M7.

A.M.KIDDKB. WAYI^ANIlTKAaK. H. J. M0H8E.W. C. HILL.

-BnnKERS-25 fme §t. - t^eiu^ORio

Pnreiiaae and tell on Commlulon OOVBRNMB.STand RAILROAD BONDS and STOCKS, and all

elaases of Secnntles dealt In at the SKVI YORKSTOCK BXCHANOK, or all repnUble SeoarltlesbouKblaodsoldlo the OPBN MARKBT. LOANFand COMMKHCIAL PAPBR nesotlated. Intereatpaid on DRP08ITS. snhlect tnohwMl.

AND BHOKBRA A.NU l.h.Al.l£HS IN

AMERICAN BANK NOTE STOCK,CHICAGO & CALDTIKT STOCK,

PENSACOI.A dc ATI.ANTIC STOCK,PKNSACOI.A & ATLANTIC BONDS.B. n. Den!iix>w, Member N. Y. Stock Rxchanite.II. A. Kadtun. 11. II. HEHTfi. s. II. Nichols.

P. O. BOX 1589.

70 Excbanse Place, Near Broadway. N.Y.

l3oodt|,

B A N K E R H.is BronflWHr. cor. KxchatiKe Plftce, N. YRmnch OlOcp, 1-^N l.ii rtallr Ht., Chlcaco.

TRANSACT .\ORNKKAI, RANKINO BL'SINBSS.INCLLDIM) TIIK CUHCIIASK AND SAI.K OFSTOCKS AND BONDS Ki>lt CASH OH (iN MAR-GIN. BUY AM) SKI.I, INVKSI'.MKNT HKCUUl-TIB8. INTKKEST ALLOW Kl) US UKPOSITSSUBJBCl' TO CUKCK AT SIGHT.

P. O. Box 447.

D A. BOODT, O. W. MCLKLLAV, JB.RKOBCN I.RI.AKI>.

BANKKRS,UNITED BANK BUILDING,

Wall Street, Corner Broadw^ay.BTOOKS, BO.WH >t VOMMBRVIAL PAPSB.Stocks and bnnf^s bnutrht and sold on commission at

New York Stock Bxobanice. Adrancea made on boal-ness paper and other aecnrltSea.

WM. U. liATCU,Member N. V. Slooa Bxeb.

Wm. v. Kbiiuau.

Ho. 31 WALL STKEET,

BANKERS AND BROKBRS,Safer te Meesn. ruB A Uatoo.

ganUs-*31lew TJorli State.

Seaboard Jiank,Omnlxml tindnr the Hfate Iaws of New York.

WeUea Uiilldlnx, If) Broadway, N. k.CAPITAL |aO0,000.

W. A. PUI.LMA.H ......Praaldml.H. (i. HAVSK Vlea-Presldimt.B.U.NKIJ<<IN Uablw

__ DIRKCTORH:CnAHLK* WUBCLEU, l>. O'DAT,JoK. sxiti', N. Mniir.x'*.W. A. Hoaa, J. J. VAirixnaanT,L.II. Smitu, II. g. HArXB,

.... W. A. Ppi.ijian.Sallrlts depmita from ImiiV.. mm wh\fh llhersi Inlii

est wtll bo |mld on dHllv ' --iieetlana.IninaHCts a iionerHl Imn < ..« calTo?time lonn. on (ill Orlii: ' ipla, "'"tof lAdtriK and other m ' ....4.

dHBIUANS.jBWBn.William c

I i>wrrT,V>Pra*' aahier.

Bank of Buffalo,CAPITAu saoo.ooo.

BUFKAliO. N. Y.

Thlibiink htu nperlnr f»elllMi>ii frr rnkkln* aol*lectlnnn on hII ai>o#utbl« points in th« UnlUdStates, OHniwlHnnd Kurn|*Q. I.lhfntJ t«*rmt«zt-Dd«dU> aoootinta of banker* and niercl)i%nt«.CoKHKAPosItRNTH.—Nfw Vi'rk. National "ho* *

f.«rtthpr Hnnk ; I.ond-in. i;nlori Ka»>li f.f r>>n<1nn.

^0rcl0u %ixnUev8,

THBAnglo-Californian Bank

(LIMITED).LONDON, Heail onice. 8 Anuel Conrt.

'

SAN FKANCISCOOmcp,42'2 Cliliromla. St.

NEW^ VOBK AKeute, J. A W. Bellxinan A Co.BOSTON CorreepoDd'ts, MaMaobaaetU N. Bk.

Antborized Capital, • . (6,000,000Paid-up and Beaerre, • • 1,700,000Transact a Keoeral banktnit baslneee. leano Com-

mercial credlte and Bills of BxobanKe, arallable In all

parts of the world. Collectlona and ordera for BoadaStocka, etc., executed upon the most faTorabte terma

KRED'K F. LOW. (m.__lONATZ 8TBINAABT, ("*'*«"••P. N. IJLIKNTHAL, Caablar.

Nederlandsch Indische

Handelsbank,ARISTEKDA.TI, HOLLAND.

E8TABLI8BEn IN 1863.

Pald-Cp Capital, 1 2,000,000 OoUdera<«4,800,000 Gold.)

HBAD OFFICK IN AMSTERDAM.Ai^ndes In Batavla. Boembaya and Q^'w^ninf.

Correspondenta In Padanc.bane Commercial credlta. make adTaneea on ahlp-

ments of staplo merchandise, and transact otherbnslness of a flnanct&l charaotar Id ooanaotloo withthe trade with the Dutch Kust Indies.

BLAKE BROTHEBS dE CO.,lAOEKTg rOK NOIITH AMERICA,

18 WALL STREET, NEW YORK.28 STATE STREET, B09T0N.

Bank of Australasia,(INCORPORATED 1835.)

No. 4 Tfareadneedle Si.. London, RnBlaad*PAID-UP CAPITAl., £1.200.000.

UNDITIDKD PKOKIT.-< (InclnOlnn (iuaraata* andUeaerre Funds) £453,114.

Letters of Credit and Drafts leaned on tbe Vnbranchesof the Bank In the Colonics of (jaeenaland.New South Waleff, Victurin. South AaBtrmlla,Taam».nia, and New Zealand. Hills neiotlated or eant forColleetloD. TeleKHiphlo imnafers made. IXsposltareceived In Load(*n at interest for dzed periods OBterms whlob may be ucertained at the oraee,

PRIDKAUX KBLBY, Saeretarr.

Hong Kong & ShanghaiBANKING COUFOKATION.

ISSaiSo

ot

CAPITAL (paid-up)BBBBRVIE rUNU

BSAD ornca, bono xoao.The Corporation Kraot Drafta, U

Credit for use of TrsTelers, and naaatlata or eoUaetBills payable at Bombay, Calcutta, Binaapora.BalaoaManila, nonir Kong, Koochow, Amoy, RInnaBbaoKhal, Hankow, Yokonama, Utoco, Baa Fla naaeo and London.A. n. TOWNMKND. A>eat. 47 Wllllaai H(

Adolph Boissevain & Co.BANKERS

AXD

OOamSSION nEBOBAIITS,AMSTERDAM, HOLLAND

N. T, CorrakpoDdtota-Maan. Blaxb Bao& * Ok

IV THE CHRONICLE. fVoL. XXXVl.

"^oxsi&u gaulicrs.

The City Bank,(LIMITED.)

1.0OT>0M, E^GliAND.Authorized Capital *S'SSS'SH28ub»cribt!il C'l vital, • ..... 3,--iUU,OU0PaiiMJp Capital, ...... t)OU,UOO

Reserve Fuiid, £330,000.

HEAD OFFICE, THREADNEEDLE ST.

BltANCBES

:

Tottenham Coiut RoadLondon.

PaddinKton, TjOndon.

Bond Street, liondou,LudRate Hiil, London,KniKhtsbridKe, London.Holborn, London, AldK«te, London.

Old Street, London.The bank, while conducting the general business

of London Bankers, givea special attention to theasency of Foreign and Colonial Banks.

A. G. KENNEDY, Manager.

Gerhard & Hey,R E V A L,.OFFICES AT

I.EIPSIC, BERLIN, MOSCOW,NIJNI-NOVGOUOB, during tlie Fair.

Commissioners & Forwarding Agents,

SHIP BROKERS.Undertake to cash Bills, Advances and Frelffht-

Amounts : execute all orders In the line of BanklDK,Commission and Forwarding Business on the mostmoderate terms.Ship-owners are requested to address Tessels bctmd

for Keval unto the care of

GERHARD & HE¥,REVAL, BUaSIA.

(^mx^&iun MmxhtvB.

Bank of Montreal.

$12,000,000, Gold,$5,500,000, Gold.

CAPITAIi, -

si;Ri*i.rs, -

C. F. eHITHEES, President.

W. J. BUCHAiJAN, Seneral Manager.

NEW TOBK OFFICE,

No8. 59 & 61 WAI.I. STREET.

[ Agents.walter watson,Alkx'b Lang,

Buy and sell Sterling Exchange, Francs and Cable

Transfers; grant Commercial and Travelers' Credits,

available in any part of the world; issue drafts on^

and make collections Ln, Chicago and throughout the

Dominion of Canada.

Iionden Office, No. 9 Blrcbiu I^ane.

Imperial Bank ofCanada.CAPITAI. (paldnp), - - - $1,300,000RESERVE, ...--.. $460,000H. 8. HOWLAND, Pres't. D. B. WILKIE, Cashier

HEAD OFFICE, TORONTO.BRANCHES:

St. fcatharincs, Port Colbome. St. Thomas, Ingersoll,Welland, Fergus, Woodstock,Winnipeg, Han,,

Brandon.

Dealers in American Currency A Sterling Exchange.

Agents In London : I Agents In New York:Bosaxquet, Salt* Co., Bank of Montkiai,,

73 Lombard Street. IB9 Wall Street.

Promptest attention paid to collections payable inany pttxt of Canada.Approved Canadian business paper discounted at

the Head Office on reasonable terms, and proceedsremitted by draft on New York.

A6ENCY OF THE

Bank0»

British North America,No. 53 TTAIili STREET.

Buy and sell Sterling Exchange and Cable Trans-

fers. Issue demand drafts on Scotland and Ireland,

also on Canada, British Columbia, Portland, OregonSau' Francisco and Chicago.

Bills collected and other banking business trans-

Boted. D. A. MoTAVISH, i .„.,.W.LAWSON, '{Agents.

Gzowski & Buchan,BANKERS AND STOCK BROKERS,

TOROIVTO, CASTADA.Prompt attention given to Collection of Commer-

Blal Billsnnd CanadlHU Funds on all points in Canada;American and Sterling Exchange, and Stocks, Bonds,etc., bought and sold.Correspondents—Bank of New York, Now Torfct

and Alliance Bonk, London. _^

©aijaxXlati latx^^rs.

Merchants BankOF CASfADA.

Capital, $5,700,000 Paid UpPresident, SIR HUGH ALLEN.

Vice-President, llOBBRT ANDERSON, Esq

HEAD OFFICE, JHONTREAI,.GEORGE HAGUE, General Manager.J. H. PLUMMER. Assistant General Manager.

BANKERS:LONDON, ENG.—The Clydesdale Bank fLImlted.)NEW YORK—The Bank of New York, N.B.A.

The New York Agency buys and sells Sterling Ex-change. Cable Transfers, issues Credits available inall parts of the world, makes coHectioas in Canadaand elsewhere, and issues Drafts payable at any ofthe offices of the bank in Canada. Demand DraftsIssued payable In Scotland and Ireland, and everydescription of foreign banking business undertaken

"New fork Agency, 48 Exchange Place.

HENRY HAGUE, ) .„„,,JOHN B. HARRIS, JR.. S

•*««°ts.

^jexxr ^ttfllattd 'gmiktxs.

Brewster, Cobb& Estabrook,

BANKERS,No. 35 CONGRESS STREET,

BOSTOW.MEMBERS OF THE NEW YORK AND

BOSTON STOCK EXCHANGES.ALSO,

Dealers In Mnnlclpal, State, Railroadand United States Bonds.

Perkins, Dupee & Co.,

(Formerly CHAS. A. Sweet & Co.),

BANKERS AND BROKERS,No. 40 STATE STIKEET,

BOSTOIV, MASS.Dealers in Mnnlcipol, State and Railroad Bonds.

Bank of Deposit,84 Devoushire& HO Water St8.,cor.opp.J>.0.

BOSTON.Interest on deposits subject to eheck.Bonds and other invistments bought and sold.Correspondence invited.Orders executed at Boston and New Tork SlockExchanges, of which we arc members.

F. A. Hawley & Co.,BANKERRS.

Parker & Stackpole,BANKERS,

No. 60 DEVONSHIRE STREET,

BOSTON.jtlshda wilbour, charles h. srildon, jr.bunjauin a. Jackson, Wiluam Binnsy, Jk.

Wilbour, Jackson & Co.,BANKERS AND BROKERS,

52 ITEirBOSSET STREET,PROVIDENCE, R. I.

Dealers in Commercial Paper, Government andother first-class Bonds and Securities and ForeignExchange.Frivate Telegraph Wire to New York and Boston.

C. E. Jackson & Co.,]n:ii>nLETow]v, conn.,

Bu7 and sell GoTcrnment, State, Municipal and

Railroad Bonds and Stocks. Investments for Sav-

ings Banks a specialty. Correspondence soHoited.

"gtrtviBvUxinnin ^miUtvs,

E. W. Clark & Co.,BANKERS,

No. 33 Sonth Third Street, Fbiladelpliin.

DEALERS IN CAR TKUSTS AND OTHER IN-VESTMENT SECURITIES.

Stocks and Bonds bought and sold on Comraisslon

^jeutiBijXwatiia gangers.

J

JOS. M. Shoemakeb. Robeut m. janney

OS. M. shoemaker & Co.BANKERS AND STOCK BROKERS,

No. 134 SOUTH THIRD STUEEl,PHILADELPHIA.

Dealers In all issues of United States Bonds. Invest-ment Securities a sijeciaUy. Correspondence hiviteaand fnil information upon llnancial subjects fumishe<l

A. P. Turner & Co.,BANKERS AND BROKERI

No. 207 WALNUT PLACE,PHIIiADELPHIA.

Geo. B. Hill & Co.,BROKERS,

PITTSRrRG, PA,,Buy and sell all dassea of Western PennsylvanJa

Securities. Correspondence solicued.

J. W. MlRDENDORF, W. B. OLIVEH, C. A. ALBERTI,Members Baltimore Stock Exchange.

Middendorf, Oliver& Co.BANKERS AND BROKERS,

S. 'W. Corner German & Sonth Sts.,P. O. Box 997. BALTIMORE, Md.Special attention jriven to the negotiatkm of For-

eign Bills of Exchange, Collateral J^oans and Com*merclal Paper.INDICATORS AND TELEPHONE IN OFFICE.

Robert Garrett & Sons,BANKERS,

No. 7 SOUTH STREET,BALTIMORE,

TRANSACT A GENERAL DOMESTIC ANDFOREIGN BANKING BUSINESS. -

Wilson, Colston & Co.,BANKERS AND BROKERS,

BAIiTIITIORE..INVESTMENT and SOUTHERN SECURITIES a

specialty.Correspondence solicited and information fur*

nished.N. Y. Correspondents—McKim Brothers A Co.

Wm. Fisher & Sons,B A NKKRS,

And Dealers In Governments, Stock*and Investment Securities,

OppoeiTE Second St , 32 SOUTH STREET,B A liTIinORK, ITID^,

Have Western Union wires in their officef, bymeans of which Immediate coram unicatlon can behad with all commercial points in the country. Es-pecial attention Kiven to purchase and sale of Vip-dinia Consols, Ten-forties, Deferred and all issuesof the State, and to all classes of Southern State,City and liailway Securities. Correspondence so-licited.

^oviXixzxn ^miViexB,

THE CITY BANK OF HOUSTON,CAPITAIi, $500,000,

Houston, Texas.We crive special attention to collections on al?

accessible points.DiUECTOiis.—Benjamin A. Botts, Pres't; F. A.UIco,

C. C. Baldwin. \V. B. Botts. Hob't firewater, S. K.Mcllhenny, B. F. Weema.B. F. WBEMS, Cashier. BBNJ. A. BOTTS.Pres't,

Thos. P. Miller & Co.,BANKERS.

HIOBIIiE, AliABAinA.Special attention paid to collections, with prompt

remittances at current rates of exchange on day ofpayment. Buy and sell State of Alabama and Cityof Mobile Bonds.Correspondents.—Bant of the State of New York,

New Yerk ; I-.ouisiana National Bunk. Now Orleans ;

Bank of Liverpool. Limited, Liverpool.

B. B. BURBUSS, Pres't. A. K. WALKER, Cashlor

First National Bank,WIIiMINOTON, N. C.

Oollections made on all parts of tlie United Statei

Wm. C. ConiiTNEY. Pros. Kunk3t 11. fBi.NGLK.Caah

JBAMK OF CI2ARLESTOIV,National BANKfNO Association,

CUAULESTON, S. C.BPICIAIi AITKKIION QITBN TO COLliCTIONB. j

Arnu, 14, 1888.J THE CHRONICLR

J^outtijcrn IJunlicvs.

"merchants' national hankTnK-llinoiSD, TIROINIA.

CollsctlimM ititi'lo oti nil Southern points on bMltensst prompt n'tiirns.

JUIIN P. RIIANril, I'reildant.Joan F.aLKNK.CUta. KHKIl. K. .«COTT, Vloo.|'r«st.

TlionA«i KRAXCII A, <:<>.,

BANKKHS AND CnMMISSION MKUrilANTSUl<!»"o>n, VIHUINIA.

VInilnlii II

pMWil by thrilnn. Now .N,i

undor the Funding Aoi!»', fn.* H iwr cent comnil*-

,M |>erc«»tu tw'tids, socur

fclto^ nil tM« ^^ttiLv's Block 111 the North Carol.nAallMiid. for siiliv

"SSlcstevii SJ'Xulicvs.

The First National Bank.Grand Uapids, Micii.. Fob. 24, 1883.

Tho Kir-tt N;itUiti:iI Itank.nt <

.

Oil

CTi-UkUd^ 111 -

»otltie<l to pr<

tl)ttas9o<:lttii'>: t

of (;rtinil Rjkplda, locatedMlchlRUIl, ts ClORlllK

hnldorH und other111 niv therefora hereby^ HDil other eluitusuKuinat

ilOLLISTEn. Cushtcr.

The Old National BankOF GRAND RAPIDS, MICH.

Capital Limit, - -

Capital Paid In, -91,500,000

400,000Kcfcrririk' to tho forogolnc the ofBoors and directors

of thi* Ol.l) NATIONAL BANK OK UKANDBAI'IOS, Uvi! ICHvo to announce that on Monday.Februiiry vrt nin., they wUI cnntlnue the business orbanking In all tts branchos, at the same place uf bu^ness. ua suceaaor of the First National Bank ofGrand IUv>id!>.As substantially the same manaccmont will con-

tinue In tho now orsanlxuiion, with equal capital(which will be speedily doubled) It Is hoped thevenerous conndenee and patronage so lonji bestowedupon Its predecessor, will be continued to tho presentInstitution,

e, L. WITHEY. President.U. J. UOLUSTER, Cashier.

N. W. Harris & Co.,INVESTMENT BANKERS,

No. 176 DEARBORN STREET,

CHICAGO, ILI..

TjnXT'nQ SUto. County, City, Toira, SchoolI5Ui>l UOy and Car Trust Bought and Sold.

Tho fundlnx of entire issues receives special atten-tioa. Write us U you wish to buy or sell.

Montana National Bank,HELENA, IV. T.

UNITED STATES DEPOSITORT.

Capital, $250,000

C A. Bkoadwater, Prest. A. G. Clarke,V.-Pre»t.E. ShA KPE, Cashier.

C. r. PINZ«L, ( STATE BANK. I

fresldent. 1 ljicorporr*«d l:i7t.

)

C. T. WalkibCashier.

German Bank,LITTLE ROl K, ARK.

CAPITAL (Pnld-lu) 87.1,000BUUPLUS, ... . ...... :J3,UU<I

Pr.impt attention Ktven to all kuslnesa In our lin<

N. Y.COBttKSPONDE.STS—D'innell, LawBon JkCo.«nd the Metropolitan National Bnnk.

KSTABUSHED 1871.

P. F. KEEEHER & CO.,308 OLIVE STKEET, ST. LOUIS,

Dealers io ^Ventern Secarttlcs.l^of.oUnil Hon<ls of Missouri Kan»ns and Illfnois

f; '. nstraont riecuritles, paying4 1 sale.

1., . .. vv Yorlt, by permission, Clarkl>r>OKe A < o.. :*! ^\ aii St.; iiatch A Koote, Vi Wall StBUarences tn at. Lk>u1s. Banks generally.

TH09. M. Thornton. Wii. W. Thornton, Cash

tr. V. TIIORNTO.V & SON,(Estaulistaed ISaoj

BANKERM A.ND MROKER8,KTii-l.l-.YVILLE, ILLrsOIS.

Collfr 1 Sbeibyand adjoining Countiesft^d Pr : <.'d on Day of Payment.KKt i. -. .Sutional Uanit uf Comnierce,New

Torlc. Liiiou .National Bank, Cincinnati. ThirdNational It.mk, tit. Louis. Traders' Bank. Chicago.Indiana Kiiiikintf rumpany, Indianapolis.

George Eustis & Co.,

BRO K E KB

CINCINNATI, OHIO.

^ttujcstments.

Geo. K» Sistare's Sons,ir NAHIIAV HT., NKW VOKK,

nKAI.KItS IN

FIRST-tXASM I.^VESTitlEKTS.

Buy and Sell on CommlMloo. far cash or on mar-Kin. all soourltlM daalt In at U« Maw York StodtffxotaatiKM,

Interest allewad on dally balaaoat.AM deposits subject to oheok Rt sight.

Particular atlenlton to orders by raall or t«1«-jrraph.

REED & HURLBUT,53 tVILLIAin STREET.

FIRST-CLASS

Investment Bonds.

Schuyler N. Warren& Co51 Exclianga Place.

I9fVESTl*lE\T SECURITIES.City .Railroad. Gas. Electric Llgbt and Mlscellaneonf

Stocks and Bonds.

Srust ^ottipjunits, Stc,

Bonds ofSuretyship.FIDEEITT & CASUAETY CO.

OF IfXW TORE.Auett $400,000 00rapltal Inyosted In U. 8. Bonds 2SO.0OO 00On deposit with Insurance Department.. 100,000 00onnals of Banks. Kaliroads and Transportation

Companies, Managers. Secretaries and Clerks ofPulHle Companies, InHtiiutions and CommercialQrms, can obtain security from this Company atmoderate charges.'xhe bonds of this Company are mceepted by the

conruof the State of New York.Full Information as to details, rates, Ac, can be

obtained on application to head omce, 1T9 Broad-way, N. T.Wm. M. rioiiards. Prest. John M. Crank, See'y.

11. BLACK and W. IlAnVKT LEE, Inspectors,DIHKCTOH8—lieorae T. llope.U. U.Williams, Geo.

a.Coe, Charles Dennis, J. 8. T. Stranuhan, A. B.lluil, A. S. Barnes. K. B. Chittenden, U. A. UurlbntW. G. Low, Uarid Dows. J. D. Termllye, Alex.MitohPll. w'm. .M. Richards.

F$ond.s of Suretyship

.

yo oraEic jiusi.vess.

The Guarantee Co.OF NORTH AMERICA.

Cash Capital 1800.000C»«h Assets 4'0,000Deposit with Insuisnce Department 814,000

President: Vice-President:SIR. Alei. t. oalt. Hon. jas. Fehhier.

Managing Director: BDward Kawunos.NKW YORK OFFICE:

No. 178 BROADWAIT.D. J. TOMPKINS, Secretary.

New York directors.—Joseph W. Drexel, A. 1,.

Hopkins. 11. Victor iVewcomb, John Paton, DanitlTorrance. Udw. F. Winslow, Krastns WIman.

Metropolitan Trust Co.,IT Nasuin St., Tievr York.

PAID LP CAPITAL, 91,000.000.Designated us a legal Depository by order of Su-

preme Court. Receive deposits of money on Interest,

act as fiscal or transfer agent, or tnistee for corpora-

tions and accept and execute any legal trusts frompersons or corporations on as faTorable terms asother BlmiUi r coiut>anlcs.ouiersimiu^r^^^^j^

j,ILLnot:S!E, Preslder...

FRKDEKIC I). TAPI'KN. vicc-I»re«ldenCWALTKB J. URITTIN, Secratury.

I^ttctiott ^ales.

STOCKS and BONDSAt Auction.

The Undorslgncd hold REGULAR AUCTION8A1.es of all dansoa of

STOCKS AND BONDSON

WEDNESDAYS AND BATtHlDAYB.

ADRIAN II. MIEEER &. SON,

No, 7 FINE eXU££X, MSW YORK.

So $«t

Welles Building.Bom* OOOM, botk lam and iowll, solUbl* for

ButklBC, InannuM*, Bmli^n. I^wyma, wh) otMrbu.lnMs porpoMi, an Mill anl«t In this awnlReMtbuilding, aUua(«l on Broadway and B«at«r MtrMtoppniilt. Rowling Oram. Tbia batMUig la M thor.iiuglily nre-pnxif that tba owaar kaa no IwaiaainIhoroon whaterpr. The boHOT-meai Is mitald* andseparata from th« ballrllng, which aroids all dan.ger from oipltmlon. ETcry olllnn Uwrll llghtMl andTentilatn,! itn.i i>.., plumbing work is on aii rntlrr-lynew syr«' r-onstruvted as to exclude ..a.

t

{tasan.i r« of erery kind, and FTsry 't.,Is abuij ; i„d with pom aprtng water fromanartosijiii w,-ii ..n tho premises. Kor rent and par.ticulars apply In said building to

in. 91. VAIL,No. 18 Broadway, Now T.rk.

TO i.i<:t.THE ENTIRE UKOUND FLOOR

or OnlldlOK, No. 18 WILLIAa ST.,N. E. Cor. of William and Beaver Streeu,

OPPOSITE 81TB OF NEW COTTON EXCHANOBSuitable for insurance. Banking or Ctllton Brokers

office. Apply at Room n. 18 Willbun Street.

il»pjecial intuestmentst

A. W. Beasley & Co.,

BANKERSAND DMALKR8 IN

INVESTMENT BONDS,No. 08 Broadway, New York.

We offer a large line of CHOICE Railroad

SIX PER CENT Irandg on deelrable term* to

bajrers and Inveaton.

wm:. G. IVOYES,No, 21 NASSAU 8TR1EET,

DKALEB IN

CITY RAIETVAY STOCKS.GAS STOCKS.

Telcsrapta and Cable Stock*.

TRUST COS.' STOCKS.

Bank Stocks. Insurance Stocks.

Fred. H. Smith,STOCK AND BOND BROKER,

20 BROAD STREET, NEW YORK.

Bailroad Secarlties a Specialty.

Intimate knowledge of all for past Oftean yeai»Information cheerfully given. Investors or daalaii*vrlataing to buy or sell ar« Invited to commtmloataiAll Btoeks dealt In at New York SMok Exohanga car.ried on manrtos.

N. T. Beers, Jr.,

Brooklyn Secnritien, City Bond*,

Ga* Stocks, dec.

No. I NEW STREET,NEW YORK.

To Investors.BROOKLYN A N » NE^T TORI

SECURITIES.

FRANK B. BEERS,la Court St, 31 Pino St.,

BROOKLYN. NEW YORK.

CITY BONDS,GAS STOCKS,

RA1I.K0AJ>STOtttoOCS

C-w"£^'i.Vi'?.ttS!7R.S!?l-rn'So^rB-o'n-i"St. Joseph * Western Kit- block.

su Joseph A Paclflc KR. Binds.CllyTSu Joseph ""••"'^".""Ji-h-.iBUeo* iIntirMllOnat Improvement to. fabaerlpUeilft i

Brooklyn Elevated BR. S**"''"'*'SS2?l4n Cable Co. SubKrtptlo-.Midland Ifciilr.iadpf f"- •'•,5*£ni',T;Chicago A lirand Trunk KR. Becuill

*,iorc«rollna KJl Securitus

i»<»«'o'"3i''fuJV\'j4k*^.w Vo»»

THE CHRONICLE. [Vol. XXXVI.

^prjejciaX 'gwatstmtnts.

The New England

Mortgage Security Co.OFFERS FOK SAI.E:

6 per cent 20-year Bonds, $1,000 each,

SECURED BY FIRST MORTGAGES ONIMPROVED FARMS.

Guaranteed, Principiil and Interest, by its

CAPITAIi STOCK OF $1,000,000.Interest Coupons payable July 1 and Jan. 1.

Bonds registered to order or payable to bearer at

option. Tliese bonds are commended to the attention

of the most conservative investors, as they are lie-

lleved to be as perfect a security as can be obtained.

A pamphlet with full Information will be sent onapplication to the company's oltice.

43 nilliK STKEET, BOSTON.DIRECTORS.

HSIiTKY SALTONSTALL, AUSTIN COKBIN,B. KLLEUTON PBATT, J. liAXTElt UPHAM,l d. fabn8w0kth, gilman 8. moulton,

Charles L. Klixt.vicb-puesident8.

Thomas Wigglesworth, Geo. C. Richardson,BiisHA Atkins, John Webster,

Amos T. Frothingham.CHARLES L. FLINT, President.J. F. F. BREWSTER, Treae'irer.

.^^jccial Stitrestrnjcttts.

Prentiss & Staples,

No. 11 WAIili STKEET, NEW VORH,AND

a08 MONTACrE ST., BKOOKI-lfN.

OAS STOCKS

GAS SECURITIES,Street Railroad Stocks and Bonds,

AND ALL KINDS OF

BROOKEYIV SECURITIESDEALT IN.

BBK GAS QUOTATIONS IN THIS PAPER.

<3io. H. Prentiss, CTBua B. Staples.

Member N. Y. Stock Exchange.

Investors Attention.

4^300 TO ^J20,000.SEVEX PER CEXT

Semi-Annual Interest Net to Investor.

SECURITK^ ABS01.UTE.First Mortga«e8 on Improved Property in Kansas

City, and good farms in Kansas and Missouri, worthfrom three to five times the amount of the loan. Forparticulars and retcrencas address,

H. P. MOUGAN, General Agent,

No. 3 Custom House St.," Providence, E. I., Or

JTARVIS, CONKIilN & CO., Brokers,

KANSAS CITY, MO.

M>^U deposit <£/mnvmiits.

Investment Bonds.FIRST-CLASS RAILROAD BONDS,

PAYING

5 Per Cent to 7 Per Centpax AlflfUM O.V AMOVNT IWESTED,

FOR SALE BY

TOBEY & KIRK,No. 4 BROAD STREET, NEW YORK.

DEFAUIiTED SECURITIEStaken in payment at full market rates, when desired.

8 % First MortgagesON

COTTO?^ PLANTATIONS,WORTH THREE TIMES THE LOAN.

For security, profit. Income and area, these afford

the most desirable income security in existence.These investments are made under our personalsupervision, and are only to be obtained diuiug theWinter Months. Send for circular.

FRANCIS SMITH & CO.,INDIANAPOLIS, IND.; V1CKSBUR6, MISS.MONTGOMERY, AI^A.; COLUMBUS, MISS.

J. P. ^VOTTRUVGHAM.GAS, INSURANCE, BANKSTOCKS,&C.

SXCITRITIES BOUGHT AT THE AUCTION SALES.36 PIXE STREET, N. Y.

Send for Circular.

THE AVESTERN

Farm Mortgage Co.,liAWRENCE, KANSAS,

Offers to investors the best securities in the marketFIRST MORTGAGE LOANS UPON IMl'ROVEDFARMS. Interest and principal paid on day of ma-turity in .New York. Funds promptly placed. Largeexperience. No losses. Send for circular, referencesnd sample forms. F. M. PERKINS. President; J. T.WARNE, Vice-Prest.; L. U. PERKINS, Secretary;CHAS. W. GILLETT. Treas. N. F. UART Auditor.

EIOHT PER CEXTCanon City (Col.) Water Co. BondsAt Par and Accrued Interest: business growing;

earned about double Interest charges in 1882.

AUSTIN GALIiAGHER,Room 63, DREXEL BUILDING.

Safe Deposit Vaults "

OF

The National Park BankOF NEW YORK,

214 &: 21C RROADWAT.ENTRANCE THROUGH THE BANK.

Bankers' Safe Deposit CoUXITED SAKE JSTTILDING,

Cor Wall Street and Broadway.

s a1f~e sOF MOST APPROVED CONSTRUCTION FORBankers, Brokers, Merchants, &c.

%uUx&si and §iMMcutlB.

OFFICE OF THE ST. PAUl. MINNE-APOLIS 4 MANITOBA RAILWAY CO.—

63 William St., New Vork, April 12. 1SS.S.

At a meeting held this day. the Board of IJirectors,

for the purpose, in effect, of reimbursing to anddividing among the stockholders the cost and value,

to the extent of $9,000,000, of large and valiiahle prop-erties and lines of railway recently a quired by theCompany and not covered by its existing mortgages,and of extensive improvements and additions to its

other properties, conferred upon its stockholders ofrecord May 1, 18.S3, the privilege of acquiring Consoli-dated Mortgage 6 per cent EO-year Gold Bonds of theCompanv, of a new issue, to the amount of 50 percent of theirholdings, at the price of 10 per cent ofthe par value thereof, payable on the Ist of May, 1883,

onpayraentof the lit per cent, scrip receipts will beissued therefor to tlie stockholders, exchangeable onandafter July 1, 1883 for the said bonds, upon pre-sentation at this office in amounts of Jl.OOO or multi-ples thereof.

'I'he usual quarterly dividend of 2 per cent was also

declared. paya;>le in cash on the 1st of May next.For both purposes the tninsfer books will be closed

F'iday, April 20. 1883. at 3 p. m., and will here-openedMay 6, 1M3, at 10 a. m.

JAMES J. HILL, President.

E. S. Bailey,1 PINE STREET.

DEALINGS LN

INSURANCE STOCKSA SPECIAI.TV.

Cash paid at once for the above securities ; or theywill be sold on commission, at seller's option.

THE I.AKE SHORE & MICHIGANJ- SOUTIIEUN RAILWAY CO.,

THKASrUER'S OFFICE.(JUANo Ckntral Depot.Ni;\v York, March 87. I88n.

The Board of Directors of this Companv have this

dav declared a yUAltTERLV DIVIDEND of TWOPER CK.NT upon its cjipital stock, payable onTUESDAY, the FIRST DAY OF MAY NEXT,at this office.

For the purpose of this dividend, and also for theannual meeting of the stockhohlers for the electionof directors. &c.. which Is to bo held on the 2d day ofMay next, the tn'nsfer bo<iks will be closed at 3o'clock P. M. on FRIDAY, the SOth inst.. and will be

DEPOSIT YOUR SECURITIESIN THE

State Safe Deposit Vault,Cor. 'William St. Sc Excbange Place,

Under the National Bank ef the State of New York.

BITRGI.AR ANO FIRE PROOF.

Albert E. Hachfield,ir NASSAU STREET.

Bonds and Investment Securities

WANTED:'Indianapolis & St. Louis Ists.

Joiiet & Northern Indiana Iste.

Cincinnati Hamilton & Dayton Bonds.

Missouri Kansas & Texas Serin.

reopened on the morning jof Fridav. tlie -Ith dayof May next. "

"' '

"

'"F. W. VANhEUniLT.

Act ing Treasurer.

DESK. ROOMM. Gille

TO liET.

J-spie

INSURANCE SCRIP, Ac .

,

No. 4 HANOVER ST., NEW YORK.Member Of N. Y. Produce and Maritime Exchanges.

QFFICE OF THE HOMESTAKE"mining COMPANY. 18 WALL bTRKET, NEWYORK, April 12. 1883.

DIVIDEND NO. 5B.

The regular Monthly Dividend of Forty Cents per

share has been declared for March, payal)le at the

office of the transfer agents, Lounsbery &, Haggln, 18

Wall Street, on the 2.'5th inst.

Transfer books close on the 20th inat.

LOUNSBERY & HAGGIN, Transfer Agents.

'1^HE liONG ISIiAND RAII<ROAD-*- COMPANY, April 7, 1883.-The Board of Directors

have this day declared a quarterly dividend of ONEPER CENTUM upon the capital stock of this Com-pany, payable the lirst day of May next, at the office

of the Corbln Banking Co.. 115 Broadway, New York.

The transfer books will close Friday, April 20, andreopen Wednesday, May 2, 18!^.

V. W. DUNTON, Treasurer.

OREGON RAILWAY & NAVIGATION COMPANY,)NEW York. April 11. 1.H83. j

THE aUARTERIiY DIVIDEND OFTWO AND ONE HALF PER CENT (ajs.) will bo

payable May 1, 1883. at the ollico of the Fiu-mers'Loan & Trust Company. The traosler huoks closeApril 20 and reopen May 5, ISffl.

T. U. TYNDALE. Assistant Secretary.

NORTHKRN PACIFIC RAILROADCOJMl'AN v.—TUKASUKKU'S OtM-'ICfi, No. 17

BROAiiST.. Nkw York. April 14, 1883.Coupons of the Missouri Division Uonds of this

Company, due viav 1 prox., will be paid upon presen-tation at this ofiBce on uiid after tliat dnte.

^.KOlllflHT LENOJl BELKNAP.TreasTirer.

J.C. Chew,

No. 7 WALL 8TREET, NEW YORK.TEXAS RAII.AVAYS,

BONDS, I.ANDS, &C,Desirable Texas Securities for InFestment con-

startly on hand.

H. L. Grant,N 145 BROADWAY

NEW YORK.

CITY UAILK0A1> STOCKS & BONDSBOUGHT AND SOLD.

.*ne nuot.nttnns of Cltv Tlnllrnads in th*8 PRner.

Central Trust CompanyOF ,VKir YORK.

15 Nassati St., Cor. of Pine St.

CAPITAL, $1,000,000 in U. S. Bonds.

with $1,000,000 SURPLUS.Allows interest on deposits, returnable on demand,

or on specified dates. ^ . ,Is a lOKal depository for money paid Into Court. If

authorized to act as Excculor, Aduiliustrator, Guar«dlan. or in any other position of ti ust.

Also as Kegistrar or Transfer Atrent of Stocks anaBonds, and as Tmsleft for Uallroad MortirnKes.

HENKY V. SPAULDl.NG, President.FltEDEHlCK 1". OLCOTT, ( vice-PresldenUB. B. Sll HU.M A N. 1

* "^* ' resiaenw.

0. H. P. BA BCOCK. Secretary.UKOUGK SUEUAIAN, Assistant Secretarr*

BOARD OF TRUSTEES.CulSS OF l»8t.A. A. Low,Fred'k H. Cossitt.Jac'bD. VerriiilyeWm.Allen ButlerPercy U. Pyrie.Wni.H. AppletonBdin. W. ( orlle,".

Geo. MacC.Miller.CorneliusN. Bliss

CLASS OF 1885S. I). Babcock,1. N. Piieli)s,

Jno. Thorne,Amos H. Eno.(JusfvScliw.abJ. P. \Vallace,.loslahM.l'i.skeH.E.SpauUliuKJ. S. Keuaedy,

Class op 1886.David Dows,*ieor,:e W. Lane,Benj. B. Sherman,.I.Pierimnt MorgafChas. Lanier,(ieorpe I. Seney,Chas. G. I.andon,Wm. II. Wel>b,Fred. P. Oioott.

Spencer Trask. Geo. F. I'eabody.

Spencer Trask & Co.,

BANKERS AND BROKERS,

70 Broadway, New York City.

Transact a General Banking Business

Stocks Bought and Sold on Margins.

Interest Allowed on Deposits.

BRA^-CH OFFICES,

Connected by Private Wires,

Philadelphia, 132 So. Third St., C. F. Foxi I

Albany,N.y.,65 & 67 State St.,"W.A.GRAVBa>-|

Saratoga, N. Y., Grand Union HoteL

xmmHUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTKRKST3 OF THE UNITED STATIC^'TEntered, ttoeorMng to Mt of OooffreM, In tbe year 18S3, by Wm. B. Oama A Co.. In the uffloe of tbe Ubnrtui of UonKraM, WMhlofftoo, D. 0.|

VOL. 36. SATURDAY, APRIL 14, 1883. NO. 929.

CONTENTS.THE OHBONICLE.

The Wlieat Onllook 409The Pliianciiil sltimiioii 410Ralh'wtd Kiii'iiinicA In Mareli,and from Jim. 1 to Minch 31 412

THE BANKERS'

MoiiPtiiry anil CommercialKnizli.Hli News .. 415

Comnieroiul and HlacellaueoaaNews 416OAZETTB

Honey Market, Forei»;n Ex-change, U.S. Securities, Stateand Railroad Bonds andStocks 413

Banite In Prices at the N. Y.atuok Exohauge 419

THE COMMERCIAL TIMES.Commercial Epitome 43S I Brea<l«tiin8 434Cotton 4a8

IDry Uoods 435

QnotutiousofStooka and Bonds 420Uailruad Earnlufn and BankKeliirns 421

Investments, and State, Cityand Corporation Flnauoea. . 422

Thb Comxbbcial and Financial Chroniclb m piMMed inN»u> York every Saturday morning.

I Entered at the Post OOJoe, New York, N. Y.. as seoood-clau mall matter.]

TERMS OF SUBSCRIPTION-PArABLE IN ADVANCEiFor One Year (InoludlnK postage) VIO 20.ForSix Months do 6 10.Annual subscription In London (Including postage) M2 7a.Six roos. do do do 1 8h.

Subscriptions will be oontlnned nntll ordered stopped by a utriUen'tnier, or at the publication offlee. The Publishers cannot be responsible(or Remittances unless made by Drafts or PostrOtlice Money Orders.

LlTcrpooi Office.The office of the Ouromiule in Liverp<M)l Is at No. 5 Brown's Build-

Infrs. wltere 8ul).Henption8 and advertisements will be talcen at theregular rat^v^. and muifle eopies nf the paper supplied at Is. eaoh.A ueat tile cover is furnished at W cents: postage on the same Is 18

«ente. Volumes bound for sul>Hi.-ribers at $1 00.

WILLIAM B. DANA k OO., Pnbllihars,79 It 81 William Strset, NEW YORK.

Post Office Box i».58.

WILLIAM B. DANA./OON e. FLOY

ANA. I

U. J

THE WHEAT OUTLOOKSo much in the future depends upon the current and

prospective wheat supply and crop prospects, that every

succeeding report or suggestion bearing upon either

point finds believers. The truth is that just at this period

the surplus of last year's yield and the starting of the

new winter wheat, are both of them problems of more or

less uncertainty, and so the market fluctuates at every

new rumor. Now, however, each successive day is serv.

ing to clear up some of the doubt which has hitherto pre-

vailed.

As to the condition of winter wheat, we have this week

the report of the Agricultural Department at Washing-

ton, giving the appearance as it was on or before the first

of April. The figures issued represent of course the situa-

tion previous to the warmer weather in the West and

before the rainfall in California, and cannot be taken as

establishing much, except that the crop is unusually back-

ward. The Department states, however, with regard

to the Western States "that the most observing re-

"porters have examined the roots, and in many cases

"found them healthy while the plants are brown;"

and then it adds " that there is good reason for

<* believing that the real condition is less unpromising

"than it seems." With these suggestions it gives the

appearance in leading States as follows. We have added

figures for previous years on April 1 and June 1, madeup by us from the reports of the Department for the years

specified.

Winter Wheat.1883. 1882. 1881. 1880.

AprtL Avrit.

87

89

87OH

lOS

108

102

110

110

83

104

Junt.

84

88

88

100

103

;oj

88

108

113

77

~Too~

ApriL Junt. April.

"~B6~100

10«

104

108

84

88

«e8S

101

~B8

JTlMW.

New Tork 101

86

7080

7B

83

80

83

70m

I0«

67

81

808S

88«788111

80

86

81

M88St

6748

43

78

SB78

MlOS

OhioKentucliy

104

86

Indiana

Michlitan

nilnots

104

88

106

Missouri 84 '

7S

California 110

AT'ne whole country.. 80 MTaking these figures as a guide, the present outlook for

winter wheat would be pronounced the worst in the record;

for even in 1881 the average start for the whole ceuntry

was given at 85 against 80 now. But such a conclusion

is not by any means warranted, for, as already stated, the

main fact and almost the only one reflected by the repiort for

this year is that the crop is unusually backward. Com-paring with a year ago, the month of March affords a

striking contrast; then the weather was mild and forcing,

this season it has been cold and wintry. On the first of

April, 1832, the Djpartnaetit stated that in the West a

"condition of forwardness, luxuriant growth and good

"color characterize the status of the growing crop."

At the same date now the plant had absolutely made no

growth, even where it was not covered with snow. The

well known facts should be added however, that since

the date of this report, California has had satisfactory

rains, and as may be seen in our breadstuSs report to-day,

tbe prospect is now favorable for a crop in that section

larger than the last one; while in the Weat the weather has

become much more seasonable, and under this change,

the plant is already showing that the injury done has at

least been greatly over-estimated.

With reg.ird to the extent of last crop and the surplus

still left over, more recent developments fully confirm all

we said on the 2-tth of February in our article, pages

205-6, on that subject. The conclusions reached by our

investigations at that time were (1) that farmers held at

that date more wheat than at the same date of 18S1; (2)

that our surplus for export for the fiscal year ending

July 1, 1883, would equal the total for 1880-81. when it

was about 180 million bushels of wheat and flour; and (3)

that the crop raised last summer must have been at least

525 million bushels. Since then wheat has come into the

Western cities and flowed out of California with a rapidity

scarcely ever before equaled at this season of the year,

and although the exporte have been large, stocks have

410 THE CHRONICLE. rVoL. XXXVI.

accumulated. The arrivals at the eight Western Lake and

River ports since December 25 up to April 7 have been as

follows this year and for the previous four years.

EECEIFT8 XT WESTERN LAKE AND RIVEB rOBTS FROM DEC. 25 TO APR. 7-

1882-89. 1881-88. 18S0-S1. 1870-80. 1878-79.

Floar....bbl8. 2,777,081 2,1«9,705 2.418,506 1,573,815 1,86S,485

Wheat ..bush.

Flour...buBh.

14,824,458

12,496.788

8,876,1)02

11,763,672

10,151,075

10,861,182

11,717,003

7,082,167

16,03^,702

. 8,381,183

Total 27,321,241 18,640,6(14 21,012,257 18,800,160 24,413,975

The result the foregoing table indicates is surprising, as

it has been reached under less inducements for rapid

marketing this year than existed either of the previous

seasons. First, prices (except during the very brief period

when the scare with regard to the flood prevailed) have

been lower than have ruled the same months of any of the

previous years except in 1879; and second, as regards the

development of the coming crop, the present season's

growth is at this date pre-eminently backward, which

would naturally induce the farmer to hold on to his stock

of old grain. These receipts appear therefore quite

positively to indicate a large surplus still remaining in

farmers' hands. And yet it would not be surprising if the

rapidity of its being marketed were soon checked by the

present low prices, especially as long as the extent of the

next harvest is surrounded with so much doubt. If this

proves so, it may give us an opportunity to work ofl our

large accumulations of wheat now in sight, which are

made increasingly burdensome by the enormous visible

supply of corn. These facts, however—especially in view

of the excellent weather reports from Europe of late

—

would seem to give little encouragement to any present

speculation in wheat, but prove rather the wisdom of

letting our breadstufis find a market as speedily as possi-

ble, at least until the stocks in store are reduced to a con-

dition in which they can be more easily handled.

THE FINANCIAL SITUATION.There has been very little change in the general outlook

throughout the country during the past week. In this

city the relief to the money market, so pronoanced

last week, has continued to make progress, and the specu-

lation in stocks appears to have received a decided, even

if a temporary, impulse. Most observers seem to think it a

little more permanent than previous spasms of activity,

basing their belief on the reasonableness of a reaction

from the long-continued dullness and depression in the

market, and upon the marvelous railroad earnings nowbeing reported, especially over the great grain carriers

from the Northwest to the seaboard.

TLiere is however a less hopeful class, who, from the

many failures and defalcations occurring, continue to argue

general insolvency, and a speedy and widespread collapse.

But this is a very one-sided view of the situation, as wehave often shown. Numerous failures are incident to every

period of dull and quiet markets. Such times weed out

the reckless and uncover treachery. During 1879 and

] 880 speculations were almost uninterruptedly successful,

and the example of that period and the vast fortunes it

has left in the hands of a few, have swelled the crowd

ever making haste to be rich. Those years too, were a

kind of crystallizing epoch. Railroads combined, con-

solidated and expanded, and fell under the direction of

many individuals who have since simply used them for per-

sonal ends, while trades consolidated through exchanges,

and the facilities thus secured for transferring the title to

produce in bulk, widened the game of chance and gave a

power to accumulated capital which it was not slow to use.

All this unfortunately has not tended to elevate the moral

tone in commercial circles, Seeipg others enjoy the fruits

of quick accumulations by questionable acts, led manysmaller imitators to turn into similar ventures their busi-

ness capital and trust funds promiscuously, imagining that

results like those others had so recently secured, wouldin all cases follow purchases of stocks and produce. Ofcourse their little plans miscarried. And now as these

breaches of trust are brought to light they necessarily

disturb our confidence in men, but ought not to weakenconfidence in the commercial situation, as they are not

accompanied with other important conditions which are

needed before there can be any general collapse of credit.

All that is now wanting, is the assurance of good crops

as the summer progresses and then business cannot butbe substantially advanced. "Without that stimulus,

there can be no permanent improvement. At pres-

ent the promise in this respect is more assuring

each succeeding week. In another column we haveanalyzed the first of April report of the Agricul-

tural Department and noted the varying influences

since those data were collected. The most decided changein condition is in California where the Department puts it

very low, as was undoubtedly the case when its reports

were obtained. Since the rains there, the situation is

completely reversed, and the crop to-day promises

to be larger than a year ago. In the States

east of the Rocky Mountains, all that can be said definitely

is that the plant is very late in starting, that the weather

has greatly improved since the first of April, that farmwork is new progressing rapidly, and that even if winter

wheat should not be a full crop in a part of the section

east of the Mississippi, there is at the moment a hopeful

outlook elsewhere for a prosperous farming season.

In the meantime the old crops continue to move very

freely. How favorably this feature compares with th^

movement of a year ago, and what an influence, in very

many directions, such a bulk of produce changing hands

must have in developing the business of the country, ia

clearly indicated to-day in our article on railroad earn-

ings. For it is not alone the railroads that are profiting,

but the entire community, so far as it is either directly or

indirectly connected with the distribution in progress.

This more general benefit added to the earnings of the

roads themselves, is the peculiarity in the situation which

is just now giving a new character and a more permanent

look to the upward movement in stocks. As an evi-

dence of such a change, there is undoubtedly an increase of

business among the stock commission houses. The move-

ment therefore has not been simply a manipulated one, but

has been shared in by the public. Yet, how far it will pro-

gress musi, as we have seen, depend upon crop development.

Two little bits of news have transpired this week which

possess more than the ordinary interest to the investing

public. One is t!ie announcement that the Northern

Pacific and New York West Shore & Builalo (when com-

pleted) are to be brought into direct connection by means

of a fleet of Lake steamers to run between Buffalo, the

West Shore terminus, and the terminus of the Nqj-them

Pacific on Lake Superior (or, if the Wisconsin Central

should be acquired, on Lake Michigan), forming a com-

plete through route from the Pacific to the Atlantic; and

the other item of interest is the recording in Baltimore

day before yesterday of a mortgage for 2^ million pounds

sterling by the Baltimore & Ohio for the purpose of build-

ing a branch road from Baltimore north. As to the report

about the Northern Pacific through route, it remains to be

authenticated,and yet the project seems feasible and would

be in furtherance of the plan already published, of carrying

wheat from Walla Walla to the East. As to the Balti-

more & Ohio, the proposed issue of boads shows that the

il

Apbh. H>18^I TUE OHRONICLR 411

company is dotermiHed to carry out its purpoio, an-

nounced two years ago when it lost control ot the Pbila-

delphia "Wilmington & Baltimore, to have a line of ita

own between Baltimore and Philadelphia, from which

latter place the Bound Brook route of the Central of NowJersey would afford a direct outlet to New York.

It is to bo said, however, that both projects offer only

another illustration of how rapidly and in what bewilder-

ing variety trunk lines, and parts of trunk lines, are

springing up in the territory east of Chicago. It is not

long ago that Mr. Vandorbilt said there were five trunk

lines and only business for three. Yet we now find that

at the New York end, instead of only the Erie, the Cen-

tral and the Pennsylvania with independent outlets

to the sea, there are in addition the Delaware

Lackawanna & "Western already m operation, the

West Shore nearing completion, and the Baltimore &Ohio just set to work ; while at Chicago there has been this

week a re arrangement of percentages in the pool to make

room for the entrance of the Nickel Plate into the

fraternity of the sacred brotherhood of united lines, and

there is not a little alarm at the report (only too well

founded) that ere long the Chicago & Atlantic (Erie line)

will also invade the enchanted circle, with the further

discomforting assurance that one of the fraternity, the

Columbus Chicago & Indiana Central, having taken a

health invigorator and changed its name, may demand

a position more in accord with its youthful spirits. Is it

true that the pathway of a trunk-line manager is not

strewn with roses ? Or are we to believe in full the late

rumors with regard to earnings over the existing routes,

and that there is to be business for all, both old and new

comers, if only rates are sustained ? "We shall know

more about this and can speak with greater certainty

when the Railroad Commissioners reqaire the monthly

reports of earnings which they promise.

Other rumors of the week have not been important.

The lease of the "Wabash to Iron Mountain was reported

AS ratified and then denied ; but this denial is qualified by

the assertion that the ratification is simply post-

poned until Mr. J. Pierpont Morgan, who is to

reach London to-day, shall have arranged with the

foreign creditors of the "Wabash. Such an arrangement

it would seem can hardly affect, at least to any consider-

able extent, the business of either road, as both are now

under the same controL One tking, however, it would

accomplish, and (hat is, it would put the "Wabash legally

into the Missouri Pacific system and thus (if we under,

stand the situation rightly) one holding the helm of the

Missouri Pacific (or the tin box that contained

the majority of the stock of that concern) could control

the entire combination. "We can fancy that under

some circumstances easily imagined such an arrangement

would be convenient. One other fact of the week has

been the announcement of the payment on the 12th instant

of the dividend on the "Western Union Telegraph stock,

notwithstanding the injunctfon, through a purchase on that

day of the claims for the same and their assignment to Mr.

Gould. This act however had no effect on the stock. In

fact, the advance in the stock market during the week has

not been regular or uninterrupted, but still, as a general

rule, there is a material improvement. A feature has

been the rise in income bonds of roads that do not yet pay

dividends upon the stock and an active inquiry for good

mortgage bonds.

As already stated, the supply of money at this centre

has continued to increase the past week, and the indica-

tions point to additional progress in the same direction.

The exchanges at interior points favor a flow of currency

thia way, and consequently, aa will b« M«n by •nr itat«<

ment below, our banks have made further gains. B«d<iMthat, there have been small arrivals of gold from Rnropn,

The steamship Donau which arrived on Tue8<lsy afinrnooa

brought (.'300,000 in American coin to the Bank of

British North America, which sum became immediattly

available, and the Main, which came^n on the same day

,

brought 'i!87,000 francs, or coin reported as such. Thanagain called bonds have be?n presented at the Treasury

for redemption. Besides the amount which reached tb»

banks last Friday, there were presented this week (Wed-nesday) $1,100,000, and that, together with other Oct-

ernment disbursements, has also added to the hoMings hyour banks of lawful money.

The New York Clearing-House banks, according to reports

collected by us, have received from and shipped to th»

interior gold and legal tenders as follows.

Wetk £nd(n« AprU 18, 188S.

Cnrrencjr.

.

Gold

Total gold and legal tenders.

.

Received by

If.r. Bank:

12,607,000

iiO.OOO

13,717,000

Shipped htfi.r. Banla.

tija».MO

«i,as0,Qoo

ITtt InUriarJlooeiwntm

Oaln.tl371,aoOGain. aa,ooo

Qaln41.Stl.e0O

The above shows the actual changes in the bai\k hold-

ings of gold and legal tenders caused by this movement to

and from the interior. In addition to that movement our

City banks have also gained $698,187 by imports of gold

or payments on account of the same by the Assay Office,

and $1,127,212 by the operations of the Sub-Treasury.

Adding these items, therefore, to the above, we have the

following, which should indicate the total gain to the NewYork Clearing-House banks of gold and legal tenders for

the week covered by the bank statement to be issued

to-day. As, however, the banks last Saturday held con-

siderably more cash (by reason of the heavy payments bythe Treasury on the last day of the bank week) than their

statement, made up on averages, showed them to hold, it is

likely that the gain here given will fall below that

recorded in this week's return.

Week Endim AprU IS, 1S83.

Banks' Interior Movement, oa aboTeSob-Trearary operations, netImp'ts at gold & Assay OSce paj'ts

Total gold and legal tenders

Into BofUa.

»2.717,000

I,137,2UMie.167

Ufitajan

Out of Banks

t:3M,aoo

«i.ac(>.ooo

AM Ckoags inBank HoUUfit0$.

Galn41.Wl.oaoGain. 1.117,819

Gala. W8,I8T

Gain4S.SI9JM

Foreign exchange has, until yesterday, continued firm

and advanced half a cent per pound sterling on Mon-

day. One reason for the strong tone was said to be that

bankers have been covering bills they sold in March for

the purpose of using the proceeds in our loan market.

Another reason is that there has been a good demandto remit for securities sold here for European

account, and stUl another is that importers of goods Jbave

been buying. The supply of bills until Thursday

was very limited, but on that day there were more

liberal offerings of commercial sterling and the

supply was slightly in excess of the demand. Yesterday

it was reported that the Baltimore & Ohio H per cent loan

for £2,400,000 had been taken by Messrs. Brown, Shipley

& Co. of London, and that drafts will immediately be

made against it. As a consequence, exchange weakened,

and some of the leading drawers marked the rates down

to 4 83^ and 4 86^. Some bankers anticipate a more

liberal supply of grain bills in the near future. The

speculators in breadstuffs at the "West are evidantly

indisposed much longer to carry their load, inas-

much aa the visible supply is large, receipts liberal,

ocean freights low, and crop reports improving. Thia

added to the prospect of an early resumption of iniaad

navigation will doubtless induce holders spaedily tf>

412 THE CHIIONIOLE. [Vol. XXXVI.

market the staple. It is reported that although stocks

have been sold here on European account there has been

good buying of railroad bonds for shipment to the other

side. The following, showing relative pricsa in London

and New York of leading securities at the opening each

day, would indicate that there is a fair profit in the export

of some of our dividend properties.

Apra 9. JlprU .0. Aprti 11. ApHt 12. AprU IS.

Lond'u N.Y. London N.T. Lond'n N.T. Lond'n N.Y. Lond'n K.Y.

prices.' t*rlce^ prices.* prices. prices.* prices. prices.* prices. prices.*

119-80

prices.

n.s.to.c. nOT9 nwi 119-80 UBH ! 19-67 nan '.10-80 119J< 119«

B.S.^s 103-51 ltl2!4 103 35 loa 103-35 101 103-35 101 W8 10 101

Brie 8815 am 3S-7S 3a-H 89-00 89 89-00 33J)i 3912 Ssr4

8d con. 9817 9-7% 9847 97>i 98-47 97« 93-98 97?4 98-96 98Mni. Cent. 147 50 147 14771 147 14771 147 147 95 147 147-95 147

K. Y. C. 12703 137 18747 127« 1-J8-2I l-'^H 128-31 127« :S8-45 1-27T4

Readlne 87 45* 55« 2;-78t 55% -28-021- 5m 8S02I 55H 23-Oi 50

Ont.W'n 26-48 28)^ 26-58 HUH 26-81 26M 27 05 26% 27-30 27

St. Paul H'2T8 103,K 104 07 103J< 104-89 1011^ 104-56 lom 104-89 lOiH

xoh'ge,oablea. 4-86 4-87}^ t-ma 4-87M 4-87^

•ExpreHSBdiu tlieii-New York equivaleul,1 Beading on basia of $50, par value.

Government bonds continue strong for the longdate

issues, which are comparatively scarce, and any urgency

in the demand causes a sharp advance, as was noticed

early in the week, when the 4s readily moved up-

ward on the small purchases reported at the Board.

The Bank of England rate of discount remains unchanged

at 3 per cent. The Bank lost £442,000 bullion during the

week and £97,000 on balance on Thursday and Friday, but

the proportion of reserve to liabilities was increased 2 per

cent. The Bank of France reports a decrease of 3,475,000

francs gold and of 10,775,000 francs silver, and the Bank

of Germany, since the last return, has lost 1,720,000

marks. The following indicates the amount of bullion in

the principal European banks this year and last.

Banket EnglandB<u>ko( FrauoeBank of Germany ...

Total this weekTotal previous wpek.

AprU 12, 1883.

Gold.

21,948,87339,6ti6,S(i9

7,900.500

69,552,342

69,516,1 5ti

Silver.

41 703.632

23.719,.500

6i,425,13i'

65.3,^5.73-

April 13. 1882.

Gold.

23,420,315

34,807,9306899,7.iO

i5,127,99 .

« 1,947,'>42

Silver.

15.722,212

20.699,250

66.421.162t!6, -'40.418

The Assay OfBce paid out $83,871 for domestic and

$198,187 for foreign bullion during the week, and the

Assistant Treasurer received the following from the Cus-

tom House.

Datt.

April 6 ..

•• 7...

" 0...

" 10..." 11...

" 12...

Total.

Duties.

*360,119 76219,174 63400,247 30271,722 33402,301 54288,405 48

$1,941,971 04

Oonsigting of—

Oold.

$30,00013,000

23,000

40,000

42,00028,000

U. 8.

Note*.

$37,00012.000

35,000

10,00013.000

13,000

$176,0011 .«12O,0O<' 1,331,000

Oold

Oerlif.

$252,000158,000

28^,000190,0002 14,0JO

2 12,000

t2 11,000

RAILROAD EARNINGS IN MARCH, AND FROMJANUARY 1 TO MARCH 31.

The statement of earnings for March is the best that it

has been our privilege to record for fully a year past.

The increase on the 66 roads reporting (observe the large

total of 51,622 miles which they embrace) is over 3|-

million dollars, equivalent to 17 per cent, and ther^

are but five roads altogether that report a decrease

from 1882. The showing is especially satisfactory,

because the comparison is with a year which also re-

eorded a large increase—22 per cent; for although last

year railroads suffered considerably on account of the

deficient crops of the season of 1881-2, the weather was so

mild then that they did not experience the customary

interruptions to business so frequently incident to the

month under review. Taking the March statements for a

number of years past, as published by us, we find that in

1880 there was an increase of 28 per cent on 1879, in 1881

an increase of 9 per cant on 1880, in 1882 an increase of

22 per cent on 1881, and now in 1883 an increase of 17

per cent on 1882. It will be seen that the increase iscon-

tinuous and large, the only pause in the upward movementhaving occurred in 1881, when the winter was one of the

worst ever known. In part the increase is due to a larger

mileage operated, but only in part, since new mileage usu-

ally affords only a thin traffic for many years.

Of course, the influence which contributed more than

anything else to the present year's good results was the

excellent harvests secured last summer and autumn. Thedrawback to a free export movement of grain which the

high prices ruling in the early months of the year offered,

was in a measure removed in March, while a further stim-

ulus to shipments also existed in very low and declining

rates for ocean freights. Then again the receipts at the

Western markets over the roads to the producing districts

were also unusually heavy, and as the Western cities

already held such large stocks the new receipts were to a

great extent forwarded to the seaboard at once. It goes

without saying that the great east- and-west lines were

benefitted by this state of things. It was quite generally

remarked that the large freight movement from Chicago

eastward, as reflected in the weekly statements of the

tonnage of the pool lines, was a matter of surprise, in

view of the early opening of the water route, but it is

clear that the increased tonnage was the result of the

conditions we have mentioned. We have none of the lead-

ing trunk lines in our table, but reports supposed to be

semi.official represent their business as unprecedented, and

statistics, so far as we have any, seem to confirm such

rumors. As to Western roads, their earnings are given in

our table below, and the figures speak for themselves.

But to appreciate the influence of the grain movementupon their business one must examine the returns of that

movement. The following table shows the receipts of flour

and grain at the principal Western centres for four weeks

in March this and last year.

BBOKIPTS OF FI.flUB AND OKAIK FOB FOCR WEEKS BNDBD MAR. 31.

Cliloago—1883 ....

1882....Milw kee—1883....1882 ....

St. Lciuw—18S3 ....

1882 ....

roledo —1883....188-i ....

Detroit—1883 ....

1882 ....

Clevel'd—1883....1382 ....

Peoria

—

1883 ....

1882 ....

DulutU—1883....1882....

Total of all

1883....1^82 ....185>1 ...

Flour,bbls.

289.130143.906

225.52 '

198,11;

151,935117,837

8,218l,ii6J

19.97624,288

11.03810,210

5,3=54,76u

711,255)01.n4

Wheal,bush.

C")9,938310,072

548,027444,915

638.881391,534

877.495114,693

764,22397,178

88.58148,530

29,71025,875

103,13040,000

Corn,hufih.

5,706,';53!i9J,643

127,960287,230

3,007,560801.741

768,496281,342

412,473101,258

138,50063,000

1,431,5001,061,2j0

3,700.037 12,5.53,142 .%9H3,9541.502,897 3, .91,434 2.363.6613.1l<).<Ufl 7.2.').0'll 1.971.X67

Oats,buah.

2.191,6911,121,8Jj

259.492164,465

499,875463,776

92,59912,36c

78,29455,424

61,175102,550

780.823413,275

Barley,bush.

577,325249,96:

476,670209,2 ul

323,f'20

33,10o

7.9404,500

1 10,97841,687

33,54127,425

66,90050,100

1,601,377 389,482613,978 133,026.'M)«).216 i ill.Siil

Rye,bush.

241,15626.310

55,49126,462

25,07011,805

7,198102

3362,91T

1,300

59,90069,100

Here we see that besides an increase of 210,000 barrels

flour, the grain movement is 14 million bushels larger

than in 1882, the total of all kinds of grain this year

footing up 22,267,992 bushels, against only 8,217,043

bushels in the previous year. But it will be claimed

that last year's receipts were unusually small because

of deficient crops. True, but that does not alter the fact

that this year's movement is in itself large, irrespective

of any comparison with 1882. We hava purposely added

a line at the end of the table to show what the receipts

Apbil 14, 1883.J THE CHRONICLE. 113

were in the same weeks of 1881, That year'a move-

ment represents, it will be roinombered, the largest crop

season (ihat of 1880) that we have ever had. Yet we find

that alihough the flour receipts were almost as large

then as in the present year, the total of the grain receipts

is fully 9 million bushels lees, the aggregate being only

12,955,157 bushels, against the 22,267,992 bushels this

year.

Chicago and St. Louis, the head centres respectively of

the Northwest and the Southwest, are the points showing

the heaviest arrivals of brcadstuSs, even as the roads to

those cities make the greatest increase in earnings. Corn

receipts at Chicago, for example, are 5} million bushels

this year, against less than a million in 1882, and at St.

Louis pretty rearly four millions, against but little over

three quarters of a million in 1882. If now we boar in

mind how this large grain movement must have contrib-

uted towards infusing life and activity into all other

branches of trade in those sections, and recollect that in

the South there was a cotton movement double that of a

year ago, and further that a good deal of freight in dif-

fereut parts of the country which had been delayed by

snow, ice and floods in February came forward in March,

we will be able to understand the favorable exhibit made

by the following table, showing earnings. and mileage of

each road in March.

OR083 BABXtNOS AXD MILB40B IN MABCB.

Orott Bamimil- Mileage.

Ifameo/road. IncPetuc or1883. 1882. Deereatt. 1883. 1882.

$ $ SBurl. Od. Rap. A No. 252,913 224.107 + 2^,806 690 620Central Town 115.826 8;>,677 + 26,149 244 214Central PwiBo 2 031 .000 l,9il9.737 + 51,263 2.911 2.i»17Cbeiiapeake •& Ohio.. 270,6-5 215 444 + 55,231 512 429CliioaKo <fe Alton 071.576 588.700 + S2.876 817 847Chic* Eastern 111.... 139.9^6 136.421 +.1,565 240 240CUic. & Or. Tninkl... 246.309 134.933 + 61.376 333 .335Cliic. Milw.&St. Paul. 2.014.000 1.5'!l.3-6 + 482.614 4.328 4.223ChloHKO A NiirtliWKst. 2,05!(.700 1,672.931 + 3S6.769 3.380 3.221CUle. 8t. P.Miiin. &0 415.800 413.200 + 2.600 1,170 1,013Chic. A West Mich.'.. 95.281 81,252 + ! 1 ,029 403 367Cm. Ind. St. L. <tCh.. 229.610 201.723 + 27.887 363 363Cleve. Ak. * Col 47.467 44.110 +3.327 144 144Col. Hock. Val. A Tol 214.463 20>.93B +38.527 322 322Denv. A Klo Urande.

.

521.600 521.500 + 100 1,160 1,062Des Moines A Ft. U.' 23.060 23.3S6 —326 138 87Detroit Laus'g A No.

.

137.803 13S.29ri —195 22i 225Kastern .. . . 265,766

321.64>J253.700246.10'.)

+ 12,066+75..539

2831,100

283£aatTenn.Va. A Oh.. 900Ellz. I>ex. A Bi«. San. 5-2.'i94 3I,4lri + 21,578 130 130Kvansv. A T. Hjiute.. 67.4-2i) 66.122 + 1,007 157 157Flint A Pore Marq. .. 231.034 196.S14 +34.220 333 345Grand Trunk or Can.t. l.SO.J.SO-S 1.206.768 + l»9.037 2,322 2,223Or. Bay Win. A 8t. P. 39,101 3:i.«ti6 + 3,438 22.=. 219Gulf Col. A Santa Fe. 141,101 78,?18.j + 62,119 482 373Hannibal A St. Jos... 228.410 185,368 + 43.012 292 292Illinois Central (III.).. 555.^58 518.673 +37,183 928 919

Do (Iowa lines).. 108.176 167,.134 +30.622 402 402Do (South, iilv.) 352,*;24 309.247 + 43.377 578 578

Ind. Bloom. A West... 268.801 204.539 + 64.282 684 544Kan.City Ft.S.A (lull' 120,193 90.219 +30.274 36.'. 340Lake Ki ie A Western. 12-^.107 99,168 + 23,939 385 assLittle Kock AFt. S... 47.327 36.706 + 111.621 168 168Little Kk. .M. R.ATex. 32,006 1.^.950 + 16,058 170 154LouK Inland 162,090

l,135.,iOT146.177

1,068.834+ 13.913+ 68,673

3282,071

328Louisville A Nashv... 2,028Memphis A Char'ton. 101,820 82,964 + 18,8.38 330 330Miiw. UHU. A West.. 79.0-<6 75.2ti8 + 3.818 326 276Missouri Pacific 857, •^32 556,121 +301.711 979 878Centnil Branch 143.41H 79,952 + 63.467 38i 383Intcrii'l AGt. No... 321.129 286,666 +54.463 773 775Mo. Kan. A Texas.. 634.901 472,047 + 162.8.-.4 1,296 1,197Bt. U lr<>n Mt. A So. «32.22'' 5«!.'),008 +47.220 816 723Texas A Paolflo. ... 626.901 343.442 + 183.459 1,387 1,138

Mobile A Ohio 180.113 148.166 +31.917 328 .328

N. Y. A.VcwEnitl'nd. 284.868 265.222 + 19.646 39J 394Norfolk A Western... 203.1.i8 17 4,769 + '.i8,389 438 4i8Northern Paclllo .... 683.400 373,141 +210.259 1,701 972Ohio Central 74.106 63,.-i57 + 10,549 212 212OhIoSiiutUern 33.614 26,811 +6,773 128 12SPeo'ia De'.AEvansT. 55,850 64,364 -8.514 251 234RioU. A DanrlUe 352,414 330,467 + 12,947 737 757Char. Col. A Auk— 61.043 69,106 + 14,937 •Mi 308Columuia A Gr*v. .. 8-(,021 73,182 + 14,H3!> 2Jli 296VirKiuia Midland... 123.580 112,199 + 11,0-(1 333 333West. No. Candina ;;ii.i67 1 1.548 +7,619 190 165

Bt.L. A.AT.H.m.iluo. 12ii.0Jl 101.747 +24,277 193 195Do do (Ijrauchoa). 78.738 7.1.862 +2.876 121 121

St. lA)ui8 A Cairo 3I.0T0 32.376 -1.306 116 146St. LouJH A.San Fran.. 351.ys;J 274.H60 + 76.729 7.;ii 661St. Paul A Uuluth.... 8.-..2.:3 61,535 +21.688 2011 191Bt. Paul .Minn. A Man. 72:i.81.i 531,001 + 198.809 1.2.M» 912Bcioto Valley 4.i.l30

2.335.o0>11.^.12

2,226.832+3.S78

+108.168132

4.180132

Union Piuilfc 3,663Wab. 8t. Louis A Pao 1.479.236 1.313.776 + 165,160 3.5 IH 3,143

Total 23.8 l6.02.-i 22,085.760 +3,751, l«5 31.622 17,301Oregou R'wayANaT . 418,100

26,253,025

420,385 —2,283_iu.:

Total 22,506,145 +3,718.880

* Three we.ek.s only^>f M ircli in each year,t Fur the four weeks ended March 31.

It needs but a glaacs at this lUtenicnt to tee that ia

point of improvement on last year the road* in the North'west have again resumed—as indeed appear* only natural

they should when one sees the figures further above—iha

leading position which they s« long held, but which in sev-

eral of the months immediately preceding had been tempo-

rarily usurped by the roads in the Southwest A gain of

$482,GU on the St. Paul and $386,769 on the Northwest

certainly reflects a large measure of growth from one year

to another in any contingency, but when it is coupled with

the pain of $644,397 and $494,136 respectively that waa

made in 1882 over 1881, the magnitude of the increase

becomes more apparent. It is not to be denied that th«

increase in 1882 over 1881 was larger than it would hart

been had not the roads the latter year been blockaded bysnows; but even after allowing for that fact a large gaia

remained. The truth is, the increase of business andearnings in the Northwest during the last few years

has been simply marvelous. To show this, we have

selected five of the leading roads in that section, and give

below their earnings for four years past. The comparison

is extended to 1880, in order to avoid any objections that

may exist to using 1881 alone on account of the bad

weather prevailing then.

Xareh Earnings. 1883. 1882. 1881. 1880.

Burl. Odar Rap. A NorthChicago Milwaukee A St. P...ChloaKO A Northwi-sternChicago Bt. Paul Mlu. A Cm..8t. Paul Minneapolis A Man.

$252.913

2.044.000^,059.700413,800729,813

9224,107

1,581.3H61,672,931413,200531,004

148.551916.989

1,17H,795251.619320,962

188 325900.875

1,361.725239,783261.797

Total 5.502.226 4.402,628 2,816,916 2.972,305

These five roads earned in March, 1880, $2,972,305,

but lost $160,009 of it in 1881; in 1882 they gained

pretty nearly $1,600,000, and have now further gained

$1,100,000 in 1883, making the total gain between 1880

and 1883 over 2^ million dollars. In other words, earn

ings have risen from $2,972,305 to $5,502,226—or over

85 per cent—in the short period of three years. Every

road shows larger March earnings this year than in any

other. These roads, however, lie wholly in the North-

west. When we come a little further east and examine

roads like the Illinois Central, Chicago k Eastern Illinois

and Cincinnati Indianapolis St. Louis & Chicago, we find a

much more moderate ratio of increase, though there is

continuous growth all the same. The Illinois Central

(Illinois line) earnings of $555,858 this year compare

with $460,074 in 1880, and the Cincinnnti Indianapoli

St. Louis k Chicago earnings of $229,610 compare with

$198,220.

After Northwestern roads, chief position must be

assigned to the Southwestern systems for their gains

during the last three years, but neither in amount nor in

percentage do these approach the former, as the sub

joined table will show. The Missouri Pacific proper ia

not embraced in the statement, because its figures for

the earlier years are not in our possession.

Jtareh Earning: 18S3. 1832. 1 1881. 188a

Chtoaffo A Alton 671,576228,410

321.1290.14,901632.22'<520 001351,089

588,700 529.915 626.47Sllannlhat A Si. Joset>hMissouri Pacitlc lines—

lntcruatii>nal AOt. North...MIs-ourl Kansas A lex-is...81. L<mis Iron Mt. A South..Texas A Pai'itto

183.369

266.666472.017383.(KH313,142274.960

170,336

229,04

1

43 (,31370 1 .(K>2

319.9282U9.96.I

216,063

115,5053.s.-..3««

431.560ai5.070

St. Louis A Ban t'rauoisoo 193,146

Total 3.366,834 2,716.191 2,663,451 2.173.-114

The Southwestern roads were not affected by bad

weather in 1881. Some of the connecting lines—such

as the Chicago & Alton and the Hannibal k St. Joseph

—

were, but south of the Missouri Uiver there wae no iiw

414 THE CHRONICLE. [Vol. XXXVI.

terruption to traffic operations, and consequently the state-

ment above shows quite an increase in that year in the

aggregate of the roads embraced in it, at a time when

Northwestern roads had a decrease ; but in 1882 South"

western roads suffered from short crops and also from

floods, and their receipts did not rise much above the level

of 1881; in the present year therefore their gain is larger.

The increase between 1880 and 1883 is $1,193,420, or 55

per cent. In the case of one of the roads, the St. Louis

& Iron Mountain, the earnings this year are not the largest

of the four.

It is Southern roads, however, that make relatively the

least satisfactory showing. This will appear on an ex-

amination of the earnings of the four roads given below.

The exhibit would be more complete if we could add to

it the East Tennessee, the St. Louis & New Orleans, and

the Richmond & Danville lines, whose figures for the

earlier years are not available.

March Earnings.

Ix)uisville & NasliTlUe.Memphis & Cliarleston.Mobile & OUloNorfolk & WeBtern

Total.

1883.

$1,135,507101,820180,113203,158

1,620,598

1882.

1,0R8,83482,964148.166174,769

1,474,733

1881.

947,960115,644230,916195.650

1,490,176

1830.

612,59480,975

168.302175,420

1,043.291

After 1881 there is here very little progress, except in

the case of the Louisville & Nashville. Both the Mem-phis & Charleston and the Mobile & Ohio, have smaller

earnings this year than in 1881. The diminished cotton

movement at Mobile, which shows a further decrease this

year (after having sustained quite a heavy decrease in

1882), while all other ports show an increase, probably

accounts for the reduced earnings of the Mobile & Ohio;

and as to Southern roads in general it may be said that

being so largely dependent upon this one class of traffic,

the fact that the cotton movement in 1883, though very

much heavier than in 1882, was only a trifle larger than

in 1881, would preclude any great progress in earnings

between the latter year and the present. Below we give

our usual table, showing the receipts of cotton at the

Southern outports this year and last. We may preface

it with the remark thatthe total of 427,961 bales this

year compares with 410,461 bales in 1881, and that Mobile's

receipts in that year were 28,318 bales, against only 12,985

bales in the present year.

BECEIPTS OF COTTON AT SOUTHEKN POKTS IN MAKCH, 1883 AND 1882.

Galveeton bales.Indianola, &c

New OrleansMobileFloridaSavannahBTunewick, &c

CharleetoiiPort Royal, &c

Wilmlnj-'toiiMoreliead City, &c

NorfolkWest Point, &o

Total.

1883. 1882. Difference.

72,865 21,986 Ino .. .. 50,879541 409 luc .. 132

157,653 52,255 Inc.. -.105,39812.985 14,992 Dec. .. 2.0071,233 473 Inc .. 760

51,003 33,121 Inc .. .. 17,882

38,018 25,629 Inc .." 12,389

3,311 1,293 Inc .. .. 2,0186,558 6,197 Inc .. 3011,022 785 Ino .. 237

61,944 47.740 Inc .

.

.. 14,20420,828 7,356 Inc .. .. 13,472

427,961 212,236 Ino .. ..215,725

With March we have the first quarter of the year

complete. The gain in percentage on the sixty-seven

roads reporting is only about half as great as duringMarch, but considering that in many sections of the West,Northwest, and Southwest, railroads suffered severely

in the early months from snows and floods, which seri-

ously interrupted traffic operations, the exhibit is quite

satisfactory. There are not a few roads that fail to comeup to last year, but under the large increase now being

made the number is steadily diminishing. The statement

would no doubt make a much larger aggregate increase

than it does were the trunk-lines embraced in it, as it is

known that they did a heavy business at paying rates

and suffered very little from unfavorable weather. TheGrand Trunk of Canada, the northernmost of the trunk

lines, is the only one that we have of this class of roads,

and it records an increase of $371,119, or about 10 per

cent, but the increase in freight earnings was heavier than

this difference indicates, since passenger receipts fell off

somewhat, presumably because of a lighter immigration

movement. But the Grand Trunk can hardly be taken as

a measure for the trunk lines in the United States, since

it shares in our crop movement in a much smaller degree.

Its exhibit, however, is useful as reflecting in some measure

the improvement that has taken place. The following is

our usual table, showing earnings of individual roads.

GROSS EARNINGS PROM JANCAEY 1 TO MARCH 31.

Name of ff-xtrf. 1883. 1832. Increase. Decrease.

S SB

.\tcli. Ton. & Santa Fe... 3,136,255 3,335,773 199,518Burl. Cedar Kap. & No. .

.

637,316 702.561 65,245Central Iowa 273.0SI] 279,061 5,970Central Pacific 5,192,681 5,529,881 337,200Clicsapeake & Ohio 765,101 603,243 101.861Clncagocfe Alton 1,S56,50( 1,692,427

409,097161,073

Chic. & Ea-steru Illinois. 393,318 15,779( hicapo ife Gr. Trmk 660,87£ 481,696 183,1SSChicago Milw. & St. Paul 4,661,00C 4,372,298 288,702Chioas.0 v Northwest 4,72-<,717 4,792.01J 03,325<'hic.Sr.P.Muiu.C!;. nnalia. 1,010,07E 1,073.800 63,727f;iiioago & » est Mich". .. 290,4.54 304,195 13,741Ciu. Jnd 8t. L. &Chic... 564,901 608,394 43,490Clove. Ak & Col 118,962 109.161 9, SOI<ol. . k.Val. AToL... 662.56J 596,826 65,736Denver A Kio f^r.ande l,373.30t 1,417,199 43,899Des Moiae tl; Ft" Dol^'e* 64.651 88,2><3 23,632Detroit Lansing & No. .. 333,251 367,918 34.697Kastern 784,230 684,543 99,687Enst Tenn. Va. & Ga... • 9c8,142 735.566 222,576Ehz. Lex. & Bis.' Sandy.. l.'>6,52^' 86,877 69,645Evansv. & T. Haute 170.927 179,975 9,043Flint Ai Pere Mariiuette.

.

586,735 528,245 58,49SGrand Ti-. of Canada ... 4,093,18s 3,722.069 371,HEGreeuIiayWin. &8t. P.. 85,12-1 87.749 2,621Gulf Col. * Santa Fe.. .. 436,70f 262,014 174,695Hannibal & St. Joseph... 588,861: 463,660 125,203111. Central (li!. line) 1,574,035 1,647,602 73,517Do (la. leased lines). 446,942 482,643 35,701Southern Division 1,161,555 872.680 288,873

Indiana Bloom. A West.. 719,87-1 576.118 143,756K;m. City Law. & South. 337,407 226,435 110,972Lake Erie & Western 364.87C 325,911 38.923Little Rock & Fort Smith 138,09C 108,292 29,79t-LittleKk. M. K. <&Tex... 99,4ia 57,525 41,888Lduij Lsland 419,737 381,910 37,827Louisville ife Nasliville. -

.

3,269,212 2,993,676 275.566Memphis & Charleston. .

.

317,316 281,695 36,121M.lw. L. Shore & West'u. 209,060 206.514 2.546

2,211,361361.68S

1,577,840209.459

633.521152.229Central Branch

Int. &Qt. North 956,813 712,673 241,140Mo. Kansas vt Texas .. 1.673.374 1,266,885 406,439St.L. IronMt. &8o 1,820,267 1,602,505 217,762Texas & PaeiBc 1,477,470 945.961 531,506

Mol>ilo AOhio 568,284 466,131 101,853N. Y. & New KngUnd .

.

774,875 696,325 78,5.j0Norfolk & Western 594.939 493,000 101,989 . .•>...,Northern P.acitic 1,315.47b 837,445 428,031Ohio Central 225,844 207.837 13,007Ohio Southern 104,550 84,342 20.208Ore^u Railway A Nav.. 1,058,400 1,103,058 44,658Peoria Dec.ife EvansviUo. 150.979 183,938 37,959Richmond & Danville. .. 941.419 915,117 26,302Charl. Col. & .\ugusta. 248,770 204,349 44,421Col. & Greenville 254,713 221,022 33,691Virginia Midland 331,353 282.676 51.677West. Nor. Carolina 73,814 45,538 28,276

8t.L.A.&r. H. main line. 364.949 311,128 53,821Do do (branches) .

.

211,144 198,904 12,240St. rx)uis & Cairo 80,09s 88,526 8,428St. Louis & 8. Francisco . 86(3,288 776,398 89,890St. Paul,k Duluth 220,193 183.329 36 864St. Paul Minn. & Man.... 1,609, ISf- 1,344,823 264,365

114,837 113,213 1,621Union Paciho 5,9 U,939 6,171.686 259,747Wabash St. L. & Pae 3,857,777 3,678.509 179,268

Total 72,031,40J' 66,653,531 6,762,776 1331902Net increase 5,3S0.871

* Three weeks only of March in each year.

In net earnings, we have returns for February and the

two months, and in a few cases where there is more than

the usual promptitude, we have figures for March and the

first quarter of the year. Barring exceptions in the case

of roads in the Northwest most affected by snows, the

statement is more favorable on the whole than for a long

time past. In the Western section the Chicago Burling,

ton & Quincy makes a very good showing, though being

further south it probably suffered comparatively little

from the weather as against such roads as the North-

west or Omaha. The loss sustained by the Burlington

Cedar Rapids & Northern, on this account, is clearly

indicated in its figures in tke table below. In the South-

west we have this time been furnished with statements

A PHIL 14, 1888.] THE CHRONICLR 415

of the Atchison Topelia k Santa Fe and its auxiliary, the

Kansas City Lawrence k Southern Kansas. We Qnd a

gain in not in both cases for the three months, February

and March this year however being partly estimated. But

it is Southern roads pre-eminently that are conspicuous

for good net results this time. Our table contains an

unusually large number of them, and with one exception

they record gains on last year. The exception is the

Louisville & Nashville, which has a small decrease; this

loses much of its significance however when we remem-

ber that the gain last year was very heavy—over 80 per

cent on 1881, and furthermore that its business this year

was interrupted by the flood. The following table gives

gross and net earnings of all roads that will furnish

monthly reports for publication.

OROU AMD KKT BARKINOg TO LATEST DATU.

NAUI.

Atch. Top. & Santa Fe..l«'^Do do l'«S»

Kan. CitT Lav. & So. . ..Is83

Do do 18'2

Oreoon Railway 3c NaT.IS-iaDo do 18(a

BIchmond A DanTille..l))M8Do do IHSa

Char. Col. & Augusta. 188:1

Oo do lasa

Columb. .fc Gr»eiiT'le..l883Do do l.l8i

Virginia Midland 18S.S

I)o do 18 1

West. Nor. Carolina.. 1K83Do do IHWg

Namx.

Burl. Cedar Rap. & No. 1883Do do Ititti!

Centml of Georgia.... .18831)0 do imtl

Chic. Burl. & Qalacy...l883Do do ISsa

Des Molnet & Ft. D....18H3Do do 1882

Bouit. E. & W. Tor»«. .1183Do do ism

Xouisv. & NaatiT 18-.3

Do do IShli

Uarq. aonxh. & On... .18X3Do do 188ii

Sash. Chat, i St. Loali 1883Do do 1882

Morfolk i Western 1883Do do 1882

Northern Central 1883Do do 1882

Oregon Jt California. ... 18S3Do do 188U

Fenn. (all lines east ofPitts. 4 Erie) 1883

Do do 1882

Phlla. AErie 1883Do do 1882

Fhlladelp'aA Reading. 18^3Do do 11^82

Phila.A: Read. C.i Iron.lS83Do do 1882

South Carolina 18^3Do do 1882

Dtah Central 18i:3

Do do 1882

WestJeraer 1SF3Do do ISS-i

March.

GroM t}peraHnQ NetEarnings Exptnta. Kamfngt.

418.10042n.!ISS

3S2,4I4S3U.4e7

84,043eo.iufl

88.02173,182

laS.riSO1I2,4U0

Sfl,10718,548

Z8B.000830,STS

178,49222(),S42

38.03U52.5i0

30,42745,018

78.f4372,058

17.S0119,'WO

Jan. 1 to March 31.

Oris* KttEaminQK, Earning

J<i3.10018a,4io

173,0231I2,«29|

40.00416.5S8

51.301128,iw:41,7as40,441

8,773def. I.SI2I

•8.188 85SS,3S5,783

•337.407S28.48S

1.0S-',4001,103,038

041,410915,1 17

848,770201,349

251,713221.02i

331,863282,«;H

7:1,81445 538'

February.

Qrotm \Oprrating NetEarnings Ext>etum. Eaminiia

187,001225,631

8»i.5(X>»)a,9S3

i.eii.0211,457.300

21,57332.073

?1,78815,290

1,015 00096031517.00082,640

193,362174,974

191,341149,63J

480,885413,551

8.712.2153,300,750

20S.68.1246,tMe

1.43:)8«21,290,421

923319878.384

149,758128,773

98.880129,482

82,05562,915

»144.75613«.32<)

310,457288,839

M3,S0.'

17.43917,877

8,828

601,91768837483.00084,416

106,33697,604

116.34597,628

3,17,153291.741

68.310

2,875,5218.227.129

198,965182.509

827,707874,329

gi9.ssn866,080

79.80767,070

4^,l8a49,504

42,05233,56:)

«42J24S91.306

184.04341.114

728,723611,998

413414.193

12,960

323,083371.441

df.6.000df. 1,776

88.02677.370

74.99968,03:1

149.712121.810

5,080

1,336.6941,079.821

96.71863,677

626,095416,092

3,98682,564

69.86169.703

63.74879,918

20.00319.3.52

•l.3in,l7Sl.o;ij:«0

•17:).095

lor.uoo

4.M1.900

4~>1.I42

47-..J11

l;i'.i.",-,s

I1J.H22

1211.118

77.587

122,04370.728

20,5:15

def. 4,»87

Jan. 1 (0 Feb. 28.

Grou NetEarnings Earnings

t384.403478,454

645.700608.739

3.836,7013,ll«,13l

41,5111

(H.897

46.63«33,576

8,133.7331,924.842

3B.2034^041

302.850345.7-27

891.831318.231

9-8.1

1

820.,)19

139,790

7,641.6786,680,071

615.4034 t8.97S

8.062,6.378.793.490

1,874.5381,826.975

279,190232.240

198,061239,471

123,875106,363

$69.088

190,420

8»I5,837

92,067

1,530.1201,381,913

5 12727.394

27.787

726.538714 687

df.-.;3.32t

df. 1.780

174.8431:M9;51.12.883120.(i;5

2-7.031211.419

+28,180

3 807,7683,153,887

301.086149,910

1,801.4381,000.093

df.6 47985.473

12S.0II5

114.133

102 374139,089

41.57789.452

January.

Gross Operating NetEarning* Exitenses. Earnings

N. V. L. B. & WestDo do 18.'<2

Oregen ImproTemt Co.1883Uo do 1883

Union raclflc 1888Do do 1868

1883 $1,524,869 $1,280 3921,318,997

340 643830,183

1,9ea,.1368,188,080

1,136,314

1 .18.489

168.237

1,184,9131.416.039

1304,577188,783

48.11467,944

801.688788.961

Jan. 1 to Jan. 31.

Gross NetEarnings Earnings

tl.524.8691,318,997

240.543830,183

1,086,5358,186,080

tS04,67;188,783

48,11467,948

001,683789,981

* Februarr and March eettmat d,

t After alloirinK for 188,000 spent for new Iron.

—Jlr. J09, G. Martin, stock broker, 10 State Street, Boston,

has compiled a convenient mannal showing the debts of the

New England and other States and of Ma-<,sachu9ett8 cities andprincipal towns, as well an New Eugland and We.stern cititw.

His list comprises over one handred of the cities of the UuitedState8, and gives a detailed statement of the debt and the

purposes for which the loan was issued, rate of interest paid,

periods of interest payments, and dates at which each loan

matures, with full notes of explanation. The introduction

says : "The lowest State loans are Connecticut—a half million

at 3,^ per cent, and Pennsylvania—$3,688,000 at 3>6 P*"' cent,

both free of all taies in the State. Pennsylvania asked pro-

posals, .laniiary 4, 1882, for a 3>6 and 3 per cent loan, runningone and a half to ten years; bat only $10,000 was taken at the

lower figure, and that for the shortest term. State and city

eenrittea are now among the matt pnpular of Inr-Mtraontut batwe need look baek I«m than tea rMUu, hnw«r><r, to Bad |h«•ana elaoa of seoaritiea now at to large a prnmiiim thuaMlUing ander par, and soma of tham largaly so. lo 1873-74 It wa*not an easy matter to negotiate a loan of Boston « p<<r cwDta at

S«r;and dnring thoae yean ineh bonds sold as low a» M.

lunbridge tt's toaohad 91Mt Bangor (Mel AX MVi, andCbiesgo 7*8, 92." Mr. Martin has a rapatation for statliitiaal

work of this character, and his book ahoald meat with a largademand.

P(0uetoru3^ammei;ctaX gnglistt^ewBBATBH OF KXOHANQB AT LONDON AND ON LONDON

AT LATEST DATES.

aiOHASaS AT LOSDON-M'eh 31.'

On- Timt.

Ain(t«rdani

.

3 mo«.Amstordam . Short.Hiimliurg ... 3 ino8.

Borllii'*

Kruiil(fort... *•

Vlcniiii '*

Auiwirp II

St. Peter»b'g '•

Paris Short.Paris 3 mos.G<-nott •'

Mwlrid ••

Lisbon 11

Ale.xnniltia.. ....

Now York... .--.

BouiDay .. .. ....

aloutta .. ....

Hong Kong......

Batt.

I2'4>4 «12-4\12 1 «12-220-62 »20-6520 62 'alO-Q>

1210 »1212>«25-4«'4»25-.'')li4

2»>4 923»d2.-V20 92.5-25..5-41'4a2.'i-47'8i^T,f> a'J5-604UI4 «465i7g »aiWi4

JtZOHANOM Off LOKDOir.

LatetlItatt.

Meh. 31

.Wcji.'btM»b. 31.Uch. 31Mch. 31

Uch. 31

Moh."31

nnM.

Short.

Short.

Short.

Short.

12-08

io-li204420-4411-03

2A-22

26-36

From oar own oorreapondent.]

LoNDOs, Satnrday, March 31, 1883.

A moderate supply of money has been seeking employment

during the week, and the demand having been rather limited,

the quotation for the best three months' bank bills has been

2% per cent. For short loans, owing to the approaching clos*

of the month, and of th-j Hnancial year, there has been a gooddemand, and the Bank rate—3 per cent—has twen charged. AStock Exchange settlement has also exercised some inflaence

on the loan market; but as the dividends on the public fands

will be distributed towards the close of next week, a retam of

ease is looked forward to. It is qnite tme, indeed, that the

payment of the dividends has been largely anticipated, and that

as soon as it is made, important loans will have to be repaid to

the Bank of England; but three per cent is a rate of discount

below the average, and cannot therefore be an, indication of

stringency.

The present quotations for money seem likely to be main-

tained, and there appears to be no probability of change in

either direction. The state of the New York money market, as

well as of the exchange, continues to produce anxiety amongst

those who are specially interested in money, and this at present

is the only disturbing element. It is not expected that the

trade demand during the spring and summer months will show

any increased proportions, so that should there be no important

inquiry for gold on American account, a quiet and easy market

should be the result.

The following are the quotations for money and the interest

allowed by the discount houses to-day and same day of the

previous five weeks :

lOTidon.

reb.SS

.

Mar. 8 .

•'.

•• IS .

•' 83 .

•• 30 .

Open itfarlut Bate*.

Bank BUIs.

Ihrt*I

T>»tr

Months^ MontXtAs

KOMtJkS

3 «-

8M»3

8 «-

8!«»-8R»-8MasM««tasH

8 •-

sMas

TVwIS BOb.

Wiur SixMmtkslstimau

SM»WSll«SMs asH

8 SSM8X98H

SM*48 «SM

8WaSWBM«8M8 03M

Intsrest AVUncti /srDrposUs by

Jokil

Stack

Bonks.

1Sa3

8

Disc'ntHoma

AtCaO.

88

88a

7toUnaif*.

*M

»<

J54-

The Bank of England retnm for this week shows ehaqge*

which were very generally expected. The circulation of notes

has been augmented to the extent of X32S,!?63, while the stock

of bullion shows a falling off of £301,861. The radnctlun in the

total reserve amounts therefore to £630,716, the proportion of

reserve to liabilities being 88'^ per cent, against 40Ji per e«at

last week. The larger demand for loans is indicated by the

fact thjt the total of "other securities" has been increased by

£1,213,661, it being now £35,910,333. The Treasury balanc*

41B IHE CHRONICLE. [Vol. XXXVL

has been augmented to the extent of £689,711, or to £10,845,936.

Annexed is a statement showing the present position of

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

consols, the average quotation for English wheat, the price of

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

and the Bankers' Clearing House return, compared with the

three previous years:1883. 1882.

Circulation, exclusive * JB

bank pest bills 25,10:<,530 2S,l(iti.llO

Public deposits 10,H45.9.SG 10.074.3(i8Other deposits 2J,8(i'),747 24,04L',840Goveruiu't securities. 13,3G1.633 13,3,'ti,ti49

25,i)lu,332 24,617,J5812,965,343 14,666.854

Other securities .

Res've of notes & coin.Coin and bullion inboth departmeuta..

Proportion of reserveto liabilities

Bank rateConsolsEiiK. wheat, av. price.Mid. Upland cotton. .

.

Mo. 40 Mule twist....Clear'B-house return

.

With reference

22,318,873 24,882,964

33-273 p. c.

I021442s. 2cl.

5»i«.l.

9%rt.

1881. 1880.S. £

25.83.5.335 26.963.36510,991.721 11,997.98625,201,627 2.'>.827.67015,362,908 16,960,20222,092.485 22.684.89217,022,513 16,72:2,282

27,857.848 28,635,647

47 43T8

3 p. 0. 3 p. (

looM. 981843s. Id. 478. 3d.

6.1. 76ui'l.

lOd. Is. 0»sd.93,178.000 C6.i>65,0ou

42!^3 p. e.

10;%44s. 5a.

658^1.

lli% I.

72.507,000 100,007,<JO0

to the gold and silver markets, Messrs.

Pixley & Abell. under date of March 29, report as follows :

Gold.—There has been a further deiuaml for New York since our last'

and £107,000 in coin has been dispatihed thither. There were also

orders for Bnuth Anuriiaand Uoiland, and withdrawals from the bankto the extent of £228,000 have taken place to «uppl.v all these require-ments On the o'hor hand. £11,000 in sovereigns have been seTit in.

The ariivals of the week ociuiprise £9:».2S0 from Australl.i. £19,iU3from Central America—total £143,922. The Thibet has taken £io,000to Bombay.

Sliver.—The market has been flrmer, owlne to inqniTies for theEast; the Council dr^ifts yesterday having been in better demand, theprice rose igil. to oo'sd. per oz., and the supplies by the llo^rarfii wereplaced at this rate. We have received £37,"00fromNow York, £22.890from Central America, £41,030 from auerios Ayres—total, £la0,920The P. and O. steamer Ihibet has taken £41,000 to Bombay; the Ballarat does not sail until Saturday; the amount Roing by her, thereforecannot be known in time for our circular this week.Mexican Dollars leinatn as la«t quoted at 49''8'1. per oz. The steamer

for China has been detained, owiuf; to the holidays, and will not leaveuntil the 3l8t inst.; we cannot, therefore, j'et tell the value.of the ship-ments by her to China and the Straits. The incoming royal mailateainer is reported to have about £100,000 on board, and the Ville deBordeaux, from Vera Cruz, due about the middle of April, Is bringingabout, £144,000.

The quotations for bullion are reported as below :

Price of Gold. Prlctof Silver.

3for. 29. Mar. 22.

S. (J.

Mar. 29. Mar. 22.

». d. d. (i.

Bar Koia, flue.... oz. 77 77 9 Bar silver, flne..0K. 50J^ 50HB«rgold,refln'le.oi.' 77 10}^ 77 10!^ Bar silver, oontain-

Span, doubloons.oz. "iS 10>^ 73 lOH ing 5 grs. gold.oz. Sl« BIH8.Am.doubIoonB.*t.l 73 8H 73 8H Mexican dol8...oz- 4fl« 49^U.8. K0ldootn...oi. 76 7 78 7 Chillan dolLir8..oz.

Tenders vfere received at the Bank of England on Wednesday for £400,000 India Council bills, the price obtained being

Is. 7^d. the rupee, the whole amount being disposed of.

£276,000 in telegraphic transfers were also disposed of at

Is. 7 9-16d. the rupee. During the financial year rupees,

18.08.20.593, realizing £14,708,122, have been sold. In future,

the minimum price at which bills will be accepted will not beannounced.

The Bank rates of discoant and open market rates at the

chief Continental cities now and for the previous tiiree weekshave been as follows. The leading German markets indicate anupward tendency in rates during the week :

March 29. JVforcTi 22. JlforcTi 15. March 8.

Interest at BankHate.

0pmMarket

BankRate.

OpmMarket

BankHate.

OpenMarket

BankRate.

a

4

B«

4X46

OpmMarket

Paris 3

4

5

4

6

2«3

2%2%4«3

4«

a

4

4

6

2MS

2H

2«5

S

4^SH5«

3

4

5

an

4

2«m*Ha

HiSH

2«5

3

4«

Berlin

FrankfortBtunburKAmsterdam

MadridViennaBt. Petersburit.. 8 SH 5M

At a meeting held this week at Liverpool of the bondh(jlders

of the New York Pennsylvania & Ohio Railroad Company, aresolution was passed in favor of confirming the lease to theErie Company. About 300 bondholders were present, andthere was only one dissentient.

Efforts are being made to compel the Government to adoptsii-pence as a minimum charge for inland telegraphic mes-sages. In the present condition of the finances the Govern-ment contend that they are unable to sacrifice any sources ofrevenue, more especially as the results of the parcels post ei-peiiment have yet to be ascertained. The minimum chargefor messages is now one shilling for twenty words, the addressbeing free; bnt It is reasonably contended that a shorter messageat six-pence would be a great boon to the public. The Govern-ment having been beaten by 68 votes to 50, the proposal is to

be taken seriously into consideration, and it may be hoped thatnext year a further improvement in telegraphic facihties will

have been accomplished.

The weather has continued very favorable, and it may besafely concluded that the remarkably dry March has don«much to repair the losses which seemed inevitable during theearlier winter months. The floods have quickly disappeared,and spring sowing and planting have been carried on, espec-ially daring the last two weeks, with great facility. The cold,

frosty, dry weather of the last three or four weeks has keptvegetation in check, and if the succeeding months of the seasonshould be equally propitious, satisfactory crops may be antic-

ipated. The wheat trade, in consequence, remains extremelyquiet, but no strong desire to sell has been evinced. Priceshave not varied, therefore, to any important extent. It may,however, be expected that, during the next few weeks, thsrewill be an increased consumption of bread, as the severity of

the weather in March has produced a temporary scarcity.

The following figures .show the extent of the imports of cerealproduce into the United Kingdom during the first thirty

weeks of the season, compared with the corresponding periodin the three previous years :

WheatBarleyOatsPeasBeansIndian com..PlOlU'

IMPORTS.1882-3. 1831-2.

.ovrt. 36,695.53610.730,0298,423.1341,299,2301,497,7659,979,144

10,096.473

36,001,8838.478,4435,61(i.8S51,016,0001.013.573

l2.5-*2,7385,099.163

1880-1.33,834,1698,060,6345.331.2311.393,4481.334.949

18,485.5537.806,137

1879-80.35.977.41310,030,6578,161,6441.323,632l,624,59.'i

12,897.6476,338,147

SUPPLIES AVAILABLE FOR CONSUMPTION—30 WEEKS.1882-3. 1381-2. 1380-1.' 1879-80.

rmportfl of wheat.owt. 36.095.536 36,' 01,833 33,334.169 35,977,413tniports of flour .10,096,473 5,099,163 7,806,137 6,338,147Sales of home-grownproduce ....25,959.500 23,057,600 19,557,100 15,914,150

Total.. .....^.....72,751,509 64,153,646 61,197,406 58,279,710

46s. 7d. 428. 6d. 463. 6d.Av'ite price of English

illwheat for season, qr. 41s. 3d.Visible snpplv of wheatin Uuifd St's.. bush. 24,000,000 14.500,000 22.900,000 24,226.700

English iTIarRet Keports—Per Cable.The daily elosiug quotations for securities, &c., at London,

and for breadstuffs and provisions at Liverpool, are reportedby cable as follows for i-,he week ending April 13:

London.

Silver, per oz dConsols for moneyConsols for account- . -

.

Fr'ch rentes (in Parisl fr.

0. 8. Ssext'n'd iuto3>flSU. 8. 4ifls of 1891a. 8. 4s of 1907Chic. Mil. &8t. Paul ...

b^rie, common stockIllinois CentralN. Y. Ontario <t West'nPennsylvaniaPhilailelphia & ReadingVeu' Vorkreolrn'. ...

Sat. ifon. Tuet. Wed. Thurs.

50% = 058 5058 50=8 509ie1027,« 10238 10218 102^ 1029is102ii,e 102=8 10258 10258 102%8005 79-70 79-271S 79-,50 79-771S106 "n 106 la 106 106 106U6''8 117 11658 11658 II669123 I2314 122'8 122% 122''8105 106% 106% 107% 1073339 1« 3938 3058 40 39 '8151^4 151% 151>4 152 151%27 2738 27 14 2758 27786..=8 66ifl 661s 6638 66582818 28I3 28=8 2 8 '8 28%130% 131 130% 131% 13158

50B,gI02»„10.'%79-75105%x116%122''8

1071s

2366%28%131%

Liverpool.

Flour (ex. State)..100 lb.

Wheat, No. 1, wU. "

Spring, No. 2. n. "

Winter, West., u "Cal., No. 1 "Cal., No. 2 "

Ooi-n. mix.. West. "Pork, West. mess. .tp bbl.

Baeon, long clear, new..Beef, pr. mess, new.^tc.Lard, prime West. ^ cwt.'^heeSM. Ain. finest

Sal. Uml. Tues. Wed. Thun.

t. d. ». rl. t. d. ». d. s. d.12 12 12 12 128 8 H H 8 7 8 7 8 99 3 9 3 9 3 9 3 9 38 4 H 5 8 10 8 10 8 109 6 9 5 9 4 9 4 9 49 9 9 9 95 9 5 9 5 9 5 9 5 985 H5 35 35 8553 53 53 53 5395 95 95 95 9557 6 57 6 57 3 57 6 57 971 71 71 71 71

>. d.12 O8 99 38 109 495 10

8553 a95 O57 671 O

(jPommerctal aiirt J^KltsccUaucaus Uteors>ATioNAL Basks.—The following national banks have latel]

been organized :

2,903—The Killington National Bank of Rutland, Vt. Capital, .^lOO.OOOJRertlleld Pi-<ietoi. Piesideut; Edsi>u 1'. Gllson, Acting Cashler.J

2,906—The Ficrmeis' National Bank of Oxford, Pa. Capital, $75,00"James Wood, Pie,*idelit; David M. Taylin-, Cashier.

2,907—The Roanoke National Bank, Va. Capital, $50,000. E..McClanahan, President; P. J. Wright. Cashier.

2,908—The People's National Biuik of Barucsvilie, O. Capital, $50,000JJ. 8. Ely, President; A. E. Uenr, Cashier.

2.909—The C 'Uiii County National Bank of MeKinney,Teias, CapltL^$75,000. Girard A. Foote, President ; Wm. L. Boyd, Ciighienl

2,910-The Comiuei-clal National Bunk of Waterloo, Iowa, Caplta^L$50,001. John 1). Piatt, President ; Frank L. Gilbert, CashleSI

2,911—The First National Bank of Chamberlain, Dak. Ter. Capital.$.30,000. David K. Heiirv. President; Patrick Henry. Cashier.

2,912—The First Natt(niiil Bank of 'Washington. Kans. Capital, $50,000.J. O. I.owe. President; F. H. Head, Ca-hier,

2,913—The Atlantic National Bank of Providence, R. I. Capital, $225,-000. Caleb O. Burrows. President; UouryS. Mansiield, Cashier.

The West Watorville National Bank, Me., has changed its location toO'ikland. Mo.

2,914—The First National Bank of Stanton. Mieh. Capital, $50,000.Henry 11. Hinds, President; A. D. F. Gardner, Cashier.

2,915—The First National Bank of Orliana, 111. Capital, $50,000.Charles L. Burpee, President ; P. Richards, Cashier.

2,916—The l.ake Shore National Bank of Dunkirk. N. Y. Capital,$105,000. Truman R. Colman, Piesideut; WlUiaiu T. ColmanCashier.

Apuil t4, 1888.1 THE CIIIIONICLK 417

2 017—Tlii> Niitloniil Hank of lIii«tiiiivlllo. Ky. C'a|iilal, $50,000. J.V.Hlffi-. (••••Id III : J \V. lliKlior, Ca»llliT.

3,918—Till" Vlnrliiiid .Niitii.iiiil Kiiiik. N. J. Ouiiltnl, $50,000. B«l\)»inln

I). M;<xliiiiii. I'riiilili III : no Cii»lili-r.

2,910-Tliii Thiid .Viillimiil Hunk of Hi-'liilln. Mo. rnnltnl. $100,000.Allii-ii I'urkiT, I'ri Ktili'iit ; lU-ilirn II. M<n<w, CmkIoit.

2,920-Tlio Mi-iiliuniB' Niitumnl Hunk of Ainatrriliiin, N. Y. C»i<llnl,

floo.dOO. John N. Vlmclier, I'ri-»Ul«<nt ; Villllaiii J. T»vlor,

2.821—Till- Niilli>n»l Bunk of AkIiIiiikI. Neti. Cnpltal, $50,000. John II.

Cluik. IM'fiililcnt : Hniiiuul Wnniili, Cimliier.

licpoRTO AND KxpoBTa H)B THB W«EK.—Th« imports of ISNt

woek, oompared with thone of the prwcedinR week, iihow a

deorvaBc iu both dry goodn and (teneral mjTpbaDdlPf. Timtotal imports were »S.i!):<,»S3, aK»in«t *9,J71,60« l.h« prr-

oeding w^ek and ;^9,r)S7,3'.)'J two weekM previouH, The exporii-

for the week ended April 10 uraonuted to *7,")0),831, against

16,758,609 last week aud <f7,3i;»,03J two weeke previous. Tlir

CoilowiDt; are the lrapcirt« at New York for th^ week ending

(for dry BoodH) April 5 and for the week endinir (for iren-r*

merchandiHe) April 6; alno totals since the beginning of firHt

week in Janaary

:

rOBBIOH IMPORTS AT MBW TOKK,

nr Wtek. 1880. ls8i. 1882. 1883.

Dry cnoilsGen'liuer'diiie..

J2.57 1.310«.3lit!,7a3

*1 ,'.105.907

4.013.300»2.822.«4*8,728.926

*2. 400.0.516.893.y31

TotalSince Jan. 1.

Dry k-ixMlK

Gteu'l luei-'dise.

.

$8,938,079

$41,216.1.5292,89-',335

J5,i. 19.287

36.098,72(17f*,!li0.9->3

$11,551,470

$43,350,73003.S67,117

t8.293.i)«.5

$41.' 01.45185,661.381

Total 14 weekg $134,108,487 $114,929,709 + 137,217.856 $127,468,«35

In onr report of the dry goods trade will be found the importf

of dry goooii for one week later.

The following is a statement of the exports (eiclnsive of

specie) from the port of New York to foreign ports for the

week ending April 10, and from January 1 to date :

BXPOBT8 FROM N8W TORK FOR THII WBBIC.

1880. 18»1. 1882. 1883.

Tor the weak...Plev. reported..

$7,546,33283,08U,.^34

»7.163.23799.9'j3.6S7

««.161,40182,728,8^0

$7,501.82)91,833,216

Total 1 4 wppks $92,fi31,.86a *107,Hri,')2l *8^.^88.231 $i>9,33-,037

The follixviug table shows the exports and importx of npeitie

at the port of New York for the week ending Apiil 7, anr

suice Jan. 1, 1883, and for the corresponding periods in 1882

and 1881:XPORTS AKD IMPORTS OF SPSOIB AT KBW TORK.

69ULBxporU. Imporlt.

Week. Since JanA. Week. SineeJan.l.

Oreat BritainPranceOennunyWe«t lualee

$ $5,600......

32,86.551,785

$

778".5673,478

4',90i

$1,471,060104.220

2,010.4U3450,312

Mexico82.0^3

11 other oouiitries 16.S96

Taial 1883 $781,500

$90,25010.871,498

122,470

$786,94614.07''

4,533.971

$4,135.o;»Total 1882 440.340Total 1881 18,270.278

Sitvrr.$361,401

. 17,000

4,823

$4,544,483207,50.5

4,823

2,774

$

"276144.772

6,363

$^TIHlCft .'.....

226.C7SWest Indi.B ............ 61.700Mexico 1,331.700

26.845All other countries 3,5»..

Total 1883 $383,224144,00022S.000

$4.759.5«53,312.7573.271,9t!a

$1.51,41110,71244,479

$1.6.50,207

Total 1882Total 1881

««7.»3i)979.732

Of the above imports for the week in 1883, ^190 w^re

Americin gold coin and $1,846 American silver coin. Of the

exports daring the same time $4,823 were American silver coin.

Auction Sales.—The following, seldom or never sold at the

Stock Exc-hJinge, were sold at anctioa this week by Messrs.

Adrian U. Mulier & Sod.Sonrit.

$5,000 City of Yonkers 7e,coiiaulid'ted. duo 1001 andl!(02 131 >4 and Int.

$3,000 Town of Ea«tche»ler(Westell. Ck).) tax relief 7»,due 1884 102 •« and Int.

$3,000 Town of Kaolohetiter(Wcslch. Co.) tax relief 5«.due 1891 1114 >« and Int.

$0,000 Town of EnBt<lie»ter(Wecteli Co.) tax relief ,5«.

rtno 1 897 lo(> !« and Int.

$500 Town of KaKtcluBtcr(Weatch. Co., White I'l.iliiB

Rnad) 7b, due '8 1. 1 00% and Int.

$1,000 Town of Ka»t<lHBier(Westeh. Co )7«.dne 1881and 1»»85 |i'4i4 andint.

$1,0(10 Town of Morriwi' ia

(N.Y.C.) 7(1, due •!<4. 103ij A Int.

$500 81. J... At Deliv. CilV KK.1 »t niorf .. 8>', due 1 "OO ... $14

$3,000 Cin. l^f. ,v <:hlc. KR .

let, 78. dno! 1901 Ill$1,.500 Iowa Fallx A 8lniix C.

KR. 181.71.. duo 1917 ...120$1,000 Cedar FalU & Minn.

RR., l8l, Goustrnctlou 7b,

duo 1881 103>«

Sharrs.66Bankof Aiaerica 155H63 Men hiintd' National Bk.1309 City Hank of .New York. 27642 N y. i.ife lin. ATr. Co. .461200 I'hoinis Niillonal Bank ..lOOVilOOU. H. Tiu^' C.> 4««150 WeBiehester Ftrc InB.Co.l2030 Harlein (iaK-LlKht Co.... l<g!li

10 Lc. & Mo. River RK. Co.Pief 30

4L». .% Mo. River RR. Co.Com 12>s

13 Second At. RR. Co IS2H|3 (iieat Wi Blern InB. Co... 65

34 Elizaliethi'n OaB-Lt.Co.8H New York Tnirsfer Co.17 U. 8. Life 1MB. Co100 Norlh River BunklOlbi d Av. RU. O20 N. Y. Oa^-l.lKhtColOSIerltni; Eire liiB. Co40 KutKcrB' Kire Ins. Co 124'»27 Stcrlluu Fire Ins. Co 60

$3,500 Town of KnBtcheBter(We*t. h. Co.i tax relief 78,duo Auk- 1. l8-<.!.Ioo7gaiidiut.

$2,0<io I'oWM of EiiBtelie8t«r(Weatcli. Co.) lax relief 7«,due Feb. 1, IdsS.IOi'gaud Int.

1059310312028712714tiO

qnotatlgu la II«$Ub, PlillwIelpkU mA B«IUa$r$.

SKC-IIRITIBB.IBHL

BOttTON.Ai.ti ,« lopalia-Ut, 7*.

"1. 7»I'.olDo—••...

li.ml.ii, ,> .-LiinA—7s...Besion A A Ihaiiy -7l

.

88Boston * Lowuli -78..a«

BMIonA ProvlrtoDce—78nnrl .« Mo.— l,d. iir.,78

.. 118 KX,ll»

u» i... V g.- D.Kx ..

Conn. Ol I'lMjinniiiBio—78Connolluu Valley—0«...,

130

"Hi

Kt.-UHini

llnir.Pllt«.<« W '•— izi.Cam. A Amtwr—$8,cWMon..«8,IIM

Cam. A All.— 18<,784.,'98I

2)1. fla. 1004I'liua.Op

!<»ni. ,» !! '>7.

!('ill»wlM.<

JIM.U

lisii»1U2<S7f>8Jlg

"20\«

ill-flB.

. new.7ii-..

lal

K.l I

K. CI1 mil', 1; ..

.Mann, r'viiutti ti^

Mexican (/enlnil—7bN. Y.A N. En.i!laud-6a.7b

N. Mexico A ho. Pac.-7BOgdeuBb.A l..Ch.—Con ObIncome

OldColuuy—786b

Puelilo A Ark. Val.—78..Railnml-6a, latt*ouora—7aT. CInn. A St. lr-l«l, 68.

lUCOIIICDayion DivisionMain line

STOCKS.AtchlBon A TopekaHoBlon A Ali>.inyBOBlon Clinlnn A Fltebb.BOi»tou A lx>wcllBoBion A M;(lnAHitflten A I'rovidenoe(MicHhire. Ill eferretlrhic. >tt WcBt MlcbiKiin..Chill. smuUisky A Clevo.Couconl ,.

("onneciicut 1 ivcrCunu. A P..rtHiiiiip8lo

Cauuoiion ViillcyKaBtern, MbbbKBBTern. Mew Hampsh..Fiichburi;Fltui A I'ere Marquette.Preferred

Fori scoi I A Ottlf—Pref

,

CommonIowa Falls A S*loux City.Little Rock A Ft. Smiib..Maine CeniratMauche.sierA Lawrence.MBiq. lluuKhL'nAOnlon.l*refen-ed

Naahua A I.iOwell

N. Y. A Nqw Knitland ...

Northern of N. llampBb.Norwich A Worcester ..

OKdenab. A L. ChamplalnOld ColonyPort laud -Siico A Port am.Pullman Palitce CarRut 1.1ml— PreferredRevere Beach A Lynn . .

.

Tol. Ciau. A .St. LouiB

—

Verm't A MaBBachuaellBv\ orceater A Nashua. ..

WlaconKin CentralPreferred

PUI1,ADEI.PIIIA.RAILROAD 8TOCKH. t

A4IeKheny .VjilleyBnffalo Pitt ah. A WesfnPreferred

Camden A AilantloPreferred ,

Ca' awisBalat preferred2d preferred

DolnwareA Bound BrookK-iBt PeuuHvlvauiaKlmira A wiUiamspor t

l*referre*lIlHr P. Mt. Joy A Lanc'rUuutlnKd'u A Broad TopPrefcned ,

Lehiffh ValleyPrefeired ,

Little Mchuylklll.Mlnehill ,t sell. HavenNeBoiielioiiinK Valley.Norfolk A Westn—CoiPreferred

Northern CentralNorth Pcnnaylvania .

.

PeiinHTlvania .-

Phllailelphia A Krie.

1I8H110

i6i>B

m2474*.10J>3114>t

us103>4

"UH

8fi>a

UU'i

iKI .-

f.-

IlniII ..

« ..

III. .

111! Ill's

74',lOd114'.

113>a

103 ^,

ia

85 >4

166

47a4

m"25Vb8'.

165 >a

UO

26

84

4SHi111

186

13318

zas

4

30 \(

216857130514068

2H,

35

12319

1144'.

J3Hi32

5lu>a30»<

14 Hi

2566^

606363

667.l>8»4et>420 >a

3066 >l

6463%

M. "No I-'

2<i. Tn-cp 18'JG<ien., 7». ren., I90a.Oen .7«. cp . !1MW .

|i.

Noi

•4

,133"

»Oil! ... ~ .. . II'-

Penii^ylv —(ieu, lii*. r«i<

Hen .IjB.cp.. lU.OConii . (>B. reif.. ;905 .-

CoiiB., Ob, coup., 1905.

.

ConB.5B. rex, IBIB ..

Pa A N. V. C.-78, 18967.1906

Porklomen— 1 at. 6B.cp.'87Phil AKrle-2d.7a,cp ,88ConB..UB. 1930Conn . .5«. 1920

I'hila Newt.*N.Y.—18Phil. A R.-l8t,6B,I910.2d, 7a. coup., 'M3Cona.. 7b, reg.. 'Bll ...

CouB., 7«. coup . 1911 .

Cons. 6b. K., I. R.CI 911

Imp., 6», ».. coop.. 189.Oen , 6«, (T.. coop . I90J-

Oen.. 7». coup.. 1908Income. 7b. c«»up.. iS9*Cona. 5b, 1 at Ber..c..wr.Cona. .5b. 2d 8er.,c.. 19S:

Conv. AiVJ. Scrip. •80-8'-

Debenture coup-. 1893:

Dob. coup, otr, 1893 ...

Scrip. 1K82Conv,78,B.C.. 1893^«Conv 7b, coup. off. 1893Conv. 7b, cp.oir, Jan„'85

Phil.Wll.A Ball.—4B.tr.clPli t8.Cin.A St- L.—7b. ntWtlB. TitUB. A B.—7a,cpRich.A Iian.—ConalniBashamoklnV.A PoitB.-7Bsuulmrv A Erie— lat, 7b.

Sunb. Ilaz. A W.—I8t. 5a2d.6B,1938

Syr.Oen.A Com.—I at. 78Union A TltU8V.-lBt. 7a.United N. J.—<^nB.6a,'94Cons, tfa, (colli. I'.tOl.

Cona. 6a, gold, 1908.Oen., 4a, old. 1923

Warren A F.-lat. 7b 'OeWest Chester-Cons. 7:

W. Jersey— 1 St. 68, cp.,'96181.7b. 1899Cons. 6b. 1009

WJerseyAAil.-l8l,68,C.

Western Peon.—68, coup.•6b. p. B., 1896Oen.. 7a. coup.. 1901—CANAL BOND-i.^

Ches. A Del.-I8t.es.l886LeblKh Nav.—0a,n!«.. 84.Mort.RR., reg., 1897.Cons., 7s, reg.. 1911 ...

GreenWd Tr.. 7s, reg.

.

Morris—Boat Lout rg.,'85

Penn«ylv.-6s,cp., 1910-.ischnvlk. Nav.-lBt,6s.rg.2d. 6«.rejt.. 1907

BAI.TIMOBK.

I'.t)

I'il

104 1:::::102^ 103^

lUl123

118

lii"I2S101113

1!:*!..

124

UP106•

IMioa>siiiiii

•I..

,131'118

128 127125 •» 1271I2 US~9e'<4'96S102's 103lt

•679

Si's

7g>tt68$70

l>0\ltl^

"ii"73 >»

67*.93 >>

12196*8

133

8838

06 >*

113114lis123113

1:

97

13S135

liftUS

lOS

80lul^116119

8510790 >B

ipiiiH o^ r.i to 1 -V »' »"Phlla. Her. A Norrlatown 10BS;i08Phlla. Newtown A N.Y..Phlla. A Reading 27>»Phlla. A Tr«ntonPblla. Wilm. A Bait 63PillBb.Cln.A .St. L.—ComSt. Paul A Duluth—Com.' 87Preferrwl »6'8 9S Mttsb.ACou el

189

43V

Uuiteil N. J. CompaniesWest Chesier

—

Coiib. pref.Weal .lerfleyWest .lerMcy A Atlantic.CANAL STOCKS.

Lehljch NavlftatiouPennsTlvanlaSchuylkill Navigation...

Preferre*!UAILRUAO BONDS.

Allegh. Val.-7 3-10^ W7s. K.exi.. 1910Inc. 7s. end., coup., '94

Belvld'e Del.-lsl,68.19038.1.6s, 188S ;

1098d, 6b, 1887 ' 109

Bnir. N.I) A Phll.-Ut,68;3d. 7a. I'.iOK

Cons. 6s.l9.>l I

lal. Tr 'a. 1022

RAILR'D STOCKS. ParBaltimore A Ohio 100lat pietSdpretParkrrsbnnr Br 80

,N,.i Tal 60. .llWr Old 6057 Cti "in 60fO IPili........ .. , wiUiiellavllle

64^ > UAILUUAD BONDS.AilantaACharl.—l8i...

InoBalt.AOhlo-6s,'85,A.AOChart, col. * Aog.-lai

•2d

ColnmbiaA Oraenv.—Isis2d8

IN.W .Va.-3d. guar^JAJ

200

21)^

28

64".'

. in]ar.,JAJ-efl».-7sJAJ

*3\

li»*

133 128U*U llxV4:1 Hi 45

131

189>8 |No.CenllBl-6».'85, J.AJ.6a, 1000. A. AO

I 6«, gold. 1000. J.AJ.Cen. Ohio.-6s. lst,>I.A8.W.Ud.-Oi.. Isi.x., J.AJ.

lat. 1890, J.AJ3d,guar., J. A JSd. pn<f .•L2d. imsr. hyW.Co.J.*JeB.3d. guar., J. A J

Mar.ACi5.-7s,'»l.r*A3d MANK«.3d, J.A J -

Rlrhm.A Dauv.-<Jold, 6*Union RR.— Isl. gnaJAJCanton endoraad

Virginia A Tean.—6« ....

88WU. A WeldOD-aold. 78W 11m . r. A Ang.—6« .

1338><

56 >i14

310130

107\7710-lH11099 1«lOiS78

i3l\104114

llO<a110lisISI>8

ISOlo»^

109

iJivi

966V51>>

108 •78103 1<111:oo

81

USUS

ios>i iwiid«i !"i;;

106 <•54<< S4>a

U7118

llCa

• Ez^dlvldsad. t Per share. t In dahuilt. |Kx-i<«h»i.

418 THE CHRONK^LE. [Vol. XXXVI.

DITIDKNDS.The following! dlTidends liave recently been announced:

Name of Company.PerCent.

Hallroads.Baltimore <fe Oliio, Main Stem 5Baltimore & Ohio, Wasli'u Branoli 5Long Island (quar.) 1Oregon E'y & Nav. (quar.) 2^3St. Paul Min. &Man. (qnar.) I 2

WhenPayable.

May 16April 17May 1May 1May 1

Books Closed.(Days inclusive.)

April 26 to May 15

April 21 to May 1

A.ijril 21 to May 4April 21 to May 4

NEW YORK, FRIDAY, APRIL. 13, 1S83-5 P. M.

The Money Miirket and Financial Situation.—The situation

at tlie Stock Excliange continues to show much strength, and

the activity of last week lias not proved to be misleading. One

of the notable features of the situation, which indicates the

renewed interest of the great operators and capitalists in the

movements of the market, is the great number of heavy nego-

tiations now on the tapis. It is true that railroad negotiations

of the first magnitude may be carried on without regard to

the phases of the stock market ; but it is equally true that

those most heavily interested in them almost invariably wait

for a favorable condition of affairs in the money market

and at the Stock Exchanges before launching their new lease,

project scrip, dividend, consolidation, or whatever it may be.

At the present moment how numerous are the combinations

•which hold out the promise of large profits to the stockholders

of different companies.

The Wabash St. Louis & Pacific is to be leased to Missouri

Pacific, through the St. Louis Iron Mountain & Southern.

The Chicago & Northwestern, it is reported, will soon absorb

the Chicago St. Paul Minneapolis & Omaha, and drop a large

profit to somebody in the course of the transaction.

The Central of New Jersey, according to some excellent

Philadelphia rumors, will be leased to Reading ; and as a mat-

ter of fact, the Baltimore & Ohio has just negotiated bonds

to build the road long talked of to connect its lines with the

Piiiladelphia & Reading, and thence with New York over the

Jersey Central.

The St. Paul Minneapolis & Manitoba has just cut its ripe

melon by offering 6 per cent bonds to its stockholders to the

extent of 50 per cent of their holdings, on the payment of 10

per cent in cash.

East Tennessee Virginia & Georgia is active on a first-class

rumor of a Gould alliance.

Denver & Rio Grande has completed its line to Salt Lake,

and by the first of May will have its narrow-gauge road all the

way to Ogden on the Central Pacific.

Erie takes the New York Pennsylvania & Ohio on the first

of May under a 99 years lease, and also has its Chicago con-

nection, the Cliicago & Atlantic, nearly ready for business.

The reorganization of Marietta & Cincinnati is practically

completed, and an alliance with Ohio & Mississippi is talked of.

The possibilities embraced in all the above combinations are

Buch as to give stockholders more than usual animation in

looking at the future, and they certainly contribute to give

activity to the market in all directions.

In the money market rates have been reasonably easy, andon stock collaterals 5@7 per cent have been the ruling figures,

with exceptions at 8 and 4, and a tendency towards lowerprices as the week progressed. On strict goverment bondbusiness the rates have been 4@5 per cent. Prime commercialpaper is quoted at 53^@6 per cent.

The New York City Clearing-House banks in their statementof April 7 showed a decrease of $396,450 in the amountof deficiency in their reserves below the legal limit, the total

deficiency being $.3,701,000, against $4,097,450 March 31.

The following table shows the changes from the previousweek and a comparison with the two preceding years:

Loansana dis.

BpecieOlroalation...Net deposits .

Legal tenders.

Ijegal reserve.Aeaerve held.

PnrT^lna

1883.April 7.

Differ'nces fr'mprevious week.

$311,039,400 Inc.53.620.400 Inc.16.532,000

280,980.49015.923.71)0

$70,245,10060.544,100

Dec.Inc.Deo.

Inc.Inc.

$909,3001,533,600

42.8001,036,200878,100

$249,050655,500

.«•? -oi nnn '-n-. «30R ,i^n

1882.April 8.

$314,405,80057,654,20020.076,900

236,345.40014,743,800

$71,536,35072,398,000

1881.April 9.

$303,244,40060.429.ti0016.70.>,000

232,788,50012,472,700

$70,697,12572,902,300

«5n .R^o St'5.205 175

The Bank of England weekly statement on Thursdayshowed a decrease of £443,000 in specie, but the percentage of

reserve to liabilities was 36 15-16, against 34 5-16 last week; thediscount rate remains at 3 per cent. The B.ink of France lost

8,475,000 francs gold and 10,775,000 francs silver.

Exchange.—Foreign bills have been quite firm most of theweek, but to-day were not so strong. The negotiation of loans

abroad and the prospect of a better inquiry for other stocksand bonds on foreign account, have made the tone easier.

To-day bankers' prime 60 days bills sold about 4 83; demand,4 85?^; cables, 4 Sej^. Continental bills were as follows, viz.:

Francs. 5 205^@5 2H^ and 5 18i^@o IS^.^; reisclimarks, 94i^@

945^ and 94J^@95; guilders, 40@40 1-16 and 40};^@40 5-16.

Quotations for foreign exchange are as follows, the highestprices being the posted rates of leading bankers:

April 13.

Prime bankers' sterling bills on Iiondon.Prime commercialDocumentary commercialParis (francs)Amsterdam (guilders)FYankfort or Bremen (reichmarks)

Sixty Days.

4 83 ®4 844 81i2 3>4 82124 81 ®4 81i352114*5 19%3978* 4091383 95

Demand.

4 So^94, 861a4 84 ®4 841a4 83^34 845 18?i85 le^a401a a 40149478 8 95%

state and Railroad Bonds.—There have been only smalltransactions in Southern State bonds this week, and thebrokers report that buyers have been discouraged by the unset-

tling of the compromise bonds in Tennessee, and the decisions

of the Supreme Court in the Virginia and Louisiana suits.

Railroad bonds have been quite active on a well distributed

demand, and nearly all bonds are quoted at higher prices.

It is now apparent that when we mentioned in February andMarch that it was a good time to purchase for investment, the

opinion was a correct one.

United States Bonds.—Government bonds have been irregu-

lar in prices, with a large business doing. There have been

some heavy lots taken out of the market by financial institu-

tions, one of the savings banks taking over a million and ahalf. Tlie four per cents were most active this 5veek, but

threes have met with more favor the past few days.

The closing prices at tlie N. Y. Board have been as follows:

58, continued at 312..4ias, 1891 reg.

41SS, 1891 coup.is, 1907 reg.4s, 1907 coup.3s, option U. 8 reg.8s, our'oy, 1895. .reg.

38, our'cy, 1896.. reg.

68, our'cy, 1397.. reg.

68, car'oy, 1898. .reg.

68,onr'oy. 1899. .ree.

liiteresl Apr. Apr. Apr. Apr. Apr. Apr.Periods. 7. 9

'10214

10. 11. 12. 13

q.-Feb. *102ia '102 •101 101(a.-Mar. *113:i*11334 I13I3 •ii3% 11310*11314Q.-Mar. •113^ 113^ •11319 •11338 11338*11314Q.-Jan. 120 'llO's 119=8 120 -120

1 119%(J.-Jan. 120 110^ 119% •113% •119T8*119%Q.-Feb. 103 12 •103 •103 * 10318 10314*103 1«J. & J. '128 •128 •128 127 *127 -127J. & J. '128 •128 129 128 •123 128J. & J. 129 n2!t •129 '129 •129 129J. & J. •131 •131 '131 130 •130 130J. A J. •132 •132 •132 131 131 *131

* Tills is the price bid at the morning board ; no sale was made.

U. S. Sub-Treasury.—The following table shows the reoeipta

and payments at the Sub-Treasury in this city, as well as the

bulaaces in the same, for each day of thf! past week:

Receipts. Payments.Balances.

Date. Coin. Currency.

Apr. 7.." 9.." 10.." 11.." 12.." 13..

$607.288 61885,807 46826.641 45

1,046,346 89570,726 72871,207 09

$1,011,389 331,741,254 14692,2.57 6083..!,205 18932,037 72

1,917,273 80

$123,802.376 20123.079,535 43123.155.389 83123,035.017 41122.736,171 73121,757,633 78

$6,628.671 006,496,065 096.551,594 546.838,108 676,825,613 356,758,114 59

Total.... 4.808,018 22 7,127,417 79

* Above payments include $500,000 gold certiflcates taken out of cash.

Railroad and Miscellaueons Stocks.—The stock market

has kept up its improvement as to tlie volume of business, andprices are also in most instances considerably higher tlian last

week. As usual, when a new movement is started, we find

that the advance is led by a striking upward turn in some of

the prominent specialties, based on the expectation of large

profits to be realized from new combinations or other causes.

In the introductory remarks above, we refer to some of theseimportant matters now pending, and in those negotiations,and in the statement of railroad earnings nn anotlier page,will be found the principal matters of fact upon which thestock operations are now based.As to the immediate phases of the market, the. weight of

interest appears to be on the bull side, and the bears, if thereare bears, make very little noise. Wliile many stocks havebeen pushed up for the reasons above referred to, others, suchas the Vanderbilts, St. Paul, Lackawanna, &c,, have sj'mpa-thized with the general list, and have also advanced on thepromise of larger earnings.To-day there was activity and confidence in the morning,

but an easier tone in the afternoon, and money was thenquoted on some loans as high as 7 per cent.

ArRir, 14, 18t8 ] THE CIIRONICLR 419

NEW YOIIK STOCK EXCHANGE IMIICES FOB WEEK ENDING APRIL 13. AND SINCE JAN. 1, IiMS.

STOCKS.

RAii.it(i.\n*4>1T>.in\ .t ^nr(i|uel)Uuna. .

"iillal

1 »iiii>

Outr.i.Ctnt III I'i

V. Alr-I.liip, pr<>f.

'•\:ir Hup, it No..

,IUi.

iliOMlt*..

L-mey

Cbcsatjouko A Ohion- impret11 • M prof

Ohli'AKi* '^ AltonOhioaijo loiriinitton /t Qnlno^.01iloikir<> MilHuukM A Ht. Paul

lio prolOhloairo A Swrihwastom

l>o prof..ghloRRo Kurk lal. A PaoiAokloagoHt. Paul MInii. <k Om.

I>o prot("

.c (.'lovplaud.( .» iiiil

t inK ftoar...lu...u..... i^ ,..,, iville, prof..Oottttubuit Chu-. (ft liid. Cotilral06lAvare l.aukawaiiiiaA WeatDwiTor A Itio UrauileDabniiofi A Monx CityKant leuiin»aeo Va. A Oa

Do prof.Onui Bay Winona tft Ht. PaulBaDUbaTA Ht. J unupli

Uo profBonaton A I'eiaaCeitlralClllnotntViitrHl

lio ItMiHoil liueInAlaim ii'ootu'u ift WealernLake Kile ^% WeatornLakf Htiiito

L^'nir Ialrtii-1

LuuiHTille .ft NaahrllloLotii»ville New Albany A OhioMauuatlun

Dt lal profDo conimoD

ICaahatlAU Beach CoIff-niplils .t (*liau«Mit«nJf'^' 1 Klevatod^ ;itral

i... ... .-ih.A Weatem...... pref.

IClnnoapotle A Bt. I.ontaDo pref..

Mlaaoorl KanaaaA ToxaaUtaaourl ParlDoMobile A OhioUorrts A lilaaex

KaahTllle ( 'Imttaiioofra A St. L.New York Caiitral A niMlaon .

Mew York Clilu. A Ht. Louis...L>o pref.

Hew York KloratortKew York Lack. A Western..Dew York Lake l£rle A Weat.

l3o pref.New York A New Knglaml.New York Now UKVen.ft ilari.

Kew York Ontario AWeatern.Koi^olk A Woeterii, profnorthern PkoiUc

Do profOhio CinralOhio A MississippiOhio somlK-rnOreifon A I'laua-Conttiieutal..Peoria Decatur A KvanavLUe..PhlUilelplil» A UeU'linKFitiaburK Ft. Wayne A Chic...Rensselaer (V SaratogaBU'h.AAIIogb., nt'ck trust ctfs.RU>lnuonil A UanvliieBli'hnionil .v West PointBochesler A Pltwbiirg8t. Louia Alton A 'i'ene Haote

Do pref.

8t Loula A Sau FranciacoDo pref . ..

Do lac pref.St. Paul A Dninth

Do pref8t. Ph'iI Miiineap. a Manitoba] mo

DAILY UIOrlKST AND LOWK8T PBICR.S.

Satiinlajr,ApiU 7.

ISO 130

"ii" W•138 ISOu le

TlCe 73\77"» 7«aa'a ay Si

as't 3a>42'lSl 3-1 >131 l:<3 I

I2A>4 I'.'SS1(1 1»< llM111) uu137^ \'d>i\

Ifi'iKi IS:<>ii

i'.'4-i|.r.'u

48 Si 4I>

1UU>< lOU'a

Monilar,April D.

\ MlandW.I..IV.I ~ . i.iiiiis A Paclllc ...

I'l' pref.Mist r.i,i.ANKOi;s.

Amtaicaa 1 cl. A Cuole CoQoltfauo Cual A ironDeiftware A IliKlMon CanalHomeflt.iko Mining.

Or.Pa.'Pl.l:'

M

'U 'relegrapbI "oal

•f Miningunement Coiway A .NaT. Co....

.ilrtce farQuick Uvei Mining

Do prefW««teni>'"''"'Te>irrapll

EXPREHS.AdamsAmeticanf ..,„.., ^, ..,.,

^ ,t Co\ND niNING.

!i Coat- ii:rg .Mining

.n!p<'.-^i i.iiuil A Ulnlnsa] yi.iii.l • 'i>al

Pennaylvaiua CoalBtandard couaol. MiningCameron CoalCentral Arizona MiningDeadwood .MiningBxcelslor MiuinifBobtUBon MiningBilTor Cliff MiningBtormont Mining

401$ 4B>g•5 C

123<^13ti\49 60

"idii'Vo'a2U>« 31 >«

n't e>«*4(i 4S

•79 BO'S14Bi4l4»^HO 8U

31»» 32i<110>4llli.j

(SB'i'StJ'i5d &8•40 42Hl•81 84•40 42 "a

24 2443 4281>« 8l>393 <4 DO

' 4«26 ig 26>460»4 61821^ S:)!*

104S4 106 >i

18>a 18>9124>«124>489 59;2ti%126'ela's 123,29 Hi 29 >3

104 110•8S 8937^ 3818

•80 >g 84

6K>« 69>8\ 14>«

7H'; HO23 >g 22 >«

an'a K3\2«A« 26 >4

135 1311136 127103>4 104 '^119^ 121138 <v 140164 16 1\1'.'4^ 126'«4m'b 60",

lOen^ 10948 4H>al^H 77

I L-iOi*

4919 461^•6>a 6

120 Hi 127•48S 49 'a•84 86io<^ 109420»4 ai's9 9

•78 81146 >9 147

36 >4 36 Hi32 >s 33 >«

111^112»9(13 'a H4

68>a B9Vt•40 <a 42 Hi•81 >« 84•40 Hi 42 Hi24> 240842 >9 43•81 8393 96^

176 17626^4 2U^41 4160=9 5186 'a 87 HI

12=8 1334 >s 34^

81>4 82Hl34 21 'te4Hl S3>4

134^4 134°4

11<4 1265Hl 5Ti25^8 282218 22Hl60 69OS 98•30 33Hl51=4 6294 94

159 Hi 1624II3 42>^97 99^

46% 46>927 29 "«61 62 Hi

32^8 33^106 "8 106 »a18>4 18=4

124 >4 124V68 Hi 69

12(1 °B 12812 H, :2»a29 Hi 29 'a

'104 liO89 89 >9

38>« 3g>481 8146>« 46Hl

17ti 17626% 261^42 4361 61%87Hl 881812 's 1333<>8 33>812 >a 12 Hi82 >4 83%24 Hi 24%55% 56I4

Tuesday,April 10.

131 13117 17

80>4 8OI460 6(1%08 69

75',Hits231432 >4'

2.1 '

74%78',22 ,33*24'4 _

,IMHi 135 <ili7 127%103% 104%120 Si 121l:i8Hi 1:19 <8

154 134125 l'.'6%4»T|, 51107% 108

Wetlnrn layApril 11.

79 79

76% 77%

49 >9

•6 Hi126 'a48%

49H:«Hi

eosi (ii>%

68% i><.l>.j

75 7ll

78% HU>4•21 'a a-."«•33 33%•24 '4 25133 Ll.^

12714 127%104 llil'g121 121 Vtj

138% KlO154 l.->4

125 I :5>460 •1 .'> I Hi

107% )U«l8

Thiiradar,AprU 13.

79HI

133207981

60% 6108% 00 >•

78%138 >4

49•5

76 75%78% 79 Hi81 14 2233% 32%•24 25'l;'6 1311

127 Hi 128103% ll>4%121 121 Si

13^ 139163 16.1125 14 12llH<60% 61',lu7Hil0a%

Vrlday,April 18.

10 >i 19%

HI H3UO'a 61 Hi

68>a 69%

10%20%9

129% 128449% 48%

84Hl10% 10%31%9

92%78>9146

8378>s

3633111%64%67%

32%1!2%6368>3

31%9

3983%

t

iii"

7913'<%490%

130%40%84%

i'i^9%

418580147%

79138

70%13tf

35% 34%

43%•81•40%•244380%06

46^128%6232%106%19

12357%

127 %12%28%

1048938%81%

43%8443%254380%96%1747%29 -4

62 >4

33%lOn',' 106%19

I124 %> 124%58%j 68

32111%6357%•6342%•8042•2444•8096%

47%28',6232%

127%12%

12812%l29% 29110 '10489% 8939% 38%81%

35•J2%113%6658%57%42%844326448296%1747\30%(J2%33%

10(1 'i

124%58128%12%29%liOS939%

26% 26%l42% 43

I

60% 51%87% 87 'si

12',•33

13%34

12% 1667 68%27% 29%22 22%•09 70

31% 31%52 63%•84 9335 35

31% 32%61% 63

67% 67%34% 36%

ll(l%110'815% 15%19 19

'WW

(

L

140 141%43% 44

"•s'h'io•42 44%83% 83%

130 ISO91 91%-68 61'123 12s

•2S ....

161% 16242% 4399% 100%23% 23%32% 32%52% 53%

35% 37111 111%15% 16%19% 19's

•16 17

43S4 44%123 123•8 10

•42 4582% 83%

129 13191 91•58 63134 134

•2B

82% 83%24 24',63% 56%

'175 17726% 2742% 435187><13

62%89%3%

34% 31%13 13%

142 14213% 13%6K% 69%27% 29%21% 22%70 70%98 102•SO 3361% 6295% 95%•37 40•95 1.7

160% 161%42% 4399% 101%

31% 32%52% 53%

82%2453 'a

84%24%60%

134% 133

13% 13%58% 60'.^9 3021% 2J%71 71%102% 10332 3262 62%94 94

97% 97%161 161 'a42% 43100% 101

•6% 0%129% 130%48% 49%-84 8710% II31% 22%9% -lO'c

4484%80

14780%

84% 34%31% 32%112% 113%66 66

84•7714780

6765•48

•1124

57»<6643834324

•80% 8305% 96%

' 1747% 47%29% 29»,•61% 6232% 32',103% 106%•18 19135 12558 58127% 127%12% 12%•28% 29%

•104 11087% 88»<38S4 3980% 81

lie" iW26% 26%43% 4361% 62%88%13

8913%

36% 36%

8394 84%24 24%55% 56%

143% 143%13 1368% 68%28% 3121 211470% 70%102 10-.'%•31% 3352% 53%96% 96%

78% 76%79% 80%22 22'..•32% 33%•24 2ui413.-.% 13.-,%

128% UO'a1U4 lUl',121 % 121%138% 140%164 157126 126%61% 52

108 109

•78

49 61%6% 5%

129% 131%49% 50%•81 86lO's 11%31% 22%10% 10 'a

44^

•83 84•75% 79147% 147-4

34% 34%32% 32%113% 114%67 67%57% 68%6543

i543

•81% 84•41 43%23% 23%43% 44•80 8495% 96%

1746%30%6J%

4829 's61%!i2% 33%

106 106%18 18

124 124'37 68127% 128%12% 12%29% 29%

104 11088'a 8i\38% 39%

atUMotthe Weak(HIiMM).

170 17827 28'i43 4361% 52%88% 89%13% 14%35% 36%13% 13%81% 84%34 24%55% 56%135% 136%

32% 32^462% 53%

67% 67% 67% 67%36 36% 33% 36

111 111% 111% 112

19% 19%13% 13%26% 26%83 83142% 142%43 44123% 124•8 1041 44%82% 84%

130 13091% 91%60 60126% 126%

142%14S!%43% 44123% 123%8 10•42% 4383% 84%

129 10991 9160 60125 135

101% 10442 42%100'8l01%27 2831% 32%62% 53

67 »4 67%36 36%111% 11216 16

142% 144%43% 43%123% 123%•8 8%•42% 4483% 84%

'129 13093 9260 60134 135

•35

14% 14%69 6130% 32%21% 2270% 70%102% 10334 34%64 54%96% 99•38 40•95 97164 16542% 42%99% 101%29 "J 3131% 32%51% 63%

67% 67%36 38111% 112

19% 19%13% 13%

144 14443 43%124% 123•8% 10•42% 44%83% 81%

129% 13090 9360 60

'124 125%

•25 ...

15 15%....

1051,4001051U5

8.21 1«S4,.^.''.0

20068,36470.5601,9801,7(101,200.^H

2I,HH(160.25

1

4,13765,H.')0

4,7116,739

3X,41012,960

7003,400354

1,000100

623.502114,820

10034,605

105,2323,300600

2,415220

3.8106(10

3,8037,900

146,3153,462

77,860760400300

Raas* mnaa Jaa. 1, lima.

LnrtM. BIchMN.

128 *••>' 14 1-11

10 .1

7H >!

SO N'

I«W. High

•067

7006,393300

33,164

2,20010,7674.858

47,83462,670

700678

6,60067.1363,2613,100

91376,510

50010055

24,6003,123

62.77048.74012,3372,9:i5800

42.6902,960

48,1791853.50

2,8756,140

43,23067,4901,3001,6M)800

3,6007282310

12,75844,860

232.! 331,000

36,10049,863

73010.1924,3635(10900200230120

4,560a3,62.S

885

t>^ -« Jim.74% Mar.20% Peb.29', Pel,2J% rino I

11.-,% 1.

97% P..ti.

110% Feb.i'.iH% Poll.113 Feb.118 Pell.44%Pi,b.102% Feb.46 Feb.68% Peb.138 Mar.31 Fell.

3% Jan.118% Feb.39', Jan.84% Apr.8% Feb.14% Feb.6 Fob.

38 Mar.72 Jan.73 Fob.141% Jan.77 P'eb.27 Feb.26 Pbb.106% Feb.60 Jan.61% Feb.65 Mar.40 Mar.81% Apr.48 Fob.15 Fob.30 Feb.79% Mar.90 Feb.15 F<!b.42 Mar.22'8 Feb.52 Fob.29 '4 Feb.97% Feb.13 Feb.

120 Feb.66% Jan.124% Feb.10 Feb.23 Feb.101 Jan.85% Mar.34% Fob.76 Feb.45% Fob.

169 Jan.24% Mar.37 % Fob.44 'a Fob.79% Feb.9% Feb.

29 Feb.10 Fob.79 Feb.19% Fob.49% Feb.134% Apr.139% Jan.10 Fob.47 Jan.21 Feb.16% Fob.48 Jail.90 Jan.29% Feb.48 Fob.

»l ifi.'jjan381 88 Jan.3S 33% Jan.'.^4' 3*. I.. I:lf.

-II llM'-i Jllll.

7iri2 Jan.2 140% Apr.

20 157 Apr.21; 127% Jan.19| 53 Jan.19 113% Jan.:5; 49% Mar.20I 84 Jan.31 142 Jan.26 64 Mar.20 7% Mar.16 131% Apr.

112120963

17317101616319

i

''*

n>%l 57%

•n ., Ill,

l.'HU

61% Jan92 Mar,1 - % .\pr.22% Apr.10% Apr.46% Jan.87% Jan.82% Apr.

•.47'aApr.81 Jan.35% Apr.33 % Jan.114% Jan.«7% Apr.68% J an.68 Jan.63% Peb.90 Jan.53 Feb.26% Mar.55 Jan.85 Jan.

20 llKi%Jan.28 18 Jan6 48% Jan.

20 SOSaJau.20 a8%Jan.20' 3l%Jan.26 106 'a Apr.161 10%Jan.16,123 Apr.3' 64'8Jan.3 129% Mar.21 l5%Jan.7| 33 Jan.13 103 Fob,

89% Mar.40% Jan.83 Jan.52% Jan.176 Apr.

,28', Apr.

26 49% Jan.20! 5 i % Apr.20; 89% Apr.16| 14% Apr.14| 36% Apr.2i 13% Jan.

20 89 Jan.19 28 Jan.20 68% Jan.Il'l38 Jan.3 144 Mar.

114% Ml'«124 r.o'.I3S 17-.

133 1 11%39 % ,'<%97%, 11744 6366% •ts133 14050 1013% 21%

116% l.',0%38% 74%82 MiH ]«16% 36%6 IS

43 11073 111%61 92%137% 150%

30 49%23% 4698 120%49% 6546% 100%67 7840 60%82 98%40 5815 3742% )'3%77 9.1

77 10613 2141% 68%19 36^69 7738% 43%86% 112%13 35%

119% 12847 87%123% 13810%37too

17%37SI0S%

43%88%60%186

893591133

Fob,Fob.Feb.Feb.

80073,980

10688

166181

300

'sbo

36% Jan.91% Feb.20 Jan.26% Feb.44% Fob.

64% Peb.38% Peb.105% Fob.15 Mar.17 % Mar.12% Mar.18 F»'j.80% Apr.131 Feb.30 Jan.117 Feb.8 Feb.37% Jan.79% Feb.

15 Jan61 Apr.32% Apr.23 Apr.

3 71% siTir.

3 103 Apr.28 34 'a J an.23 34', Jan.28, 100% Jan.15 40', Jan.20 97%Jaa.20 165 Apr.

33%6745

20% 31%.:.., 44%] 6013, 28%l 54%III 66%, 100%13 11% 25'%13 27

I4333%98%39%67%13914440

11602346%30

3 131%6, 1313 52

43 Jan.;04% Jan.31 Apr.36% Jan.67 la Jan.

36 697 8813 112

%Jan.Apr.Apr.Jan.Jan.Jan.

% Jan.>-i Jlar.

% Apr.%Apr.

Jan.%Mar.% Mar.%Mar.

2317%20%66314379%2668

13 108%18 3418 88%13 2518 23%18 43'a

15 65I3I 33llil02».19! l.->%

17i19 'l

4 13%8 335'....

12'r.'S 163%»i 32%l 48%

20 117 ••3 86 4013 76%

35036*36 <•

5094%46%66%106%43%99%166%56Il»%63%39%71S7463%119%19%30%2340

127 Mar. 171135 Jan. 588 Mar. 16 93 Jan. 563 Apr. 3 66% Jan. 6133 Peb. 19|136 Jan. 8

36 Bar. 13 37% Jan. 19

17 Jan. 1616 Apr. IS ..270 Feb. 2 270 Peb. 31340

1339063135

37%

11:IS

6% Feb. 1714 Feb. 37% Mar. 26

7 Apr. 10, 4%18 Jan. 3; 18%Jaa. 13

14514%63%93%

149%97%80%133

S«%3%4"34619%37%

1% 1%

• These are the prices bid and aaked; no sale was made at the Board.

420 THE CHRONICLE. [Vou XXXVI.

QUOTATIONS OF STATE AND BAILKOAD BONDS AND MISCELLANEOUS SECUitlTIES.STATU WONI>S.

SECTJBITIES.

Alabama-Class A,3to5. 1906...Class A. 3 to 5, email.-.Class B, 6b, 1906Class c. 4s, 190668, 10-20S, 1900

Arkansas—Os, funded, 1899-1900 ..

78, L. Rook <t Ft. s. IsB.

7e, Memp.&L.RookBB78, L. II. P.B. & N.O. EB7s, lliRS. O. &R. R. RR.78, Arkansas Cent. RR.

Coraieclicut-68, 1883-4..GeorKla-68. 18867s,nfw,188678, endorsed, 188678, t'Olrt, 1890

IjOnisiaua-78, consol., 191478, small

Bid. Ask.

8214 831a83100 idi"'83

104

10 20

60 5160 5220

102102lOUijioi;>4114

M'l 6660

SBX3UKITIBS.

Iiouisiana—Continued—Ex-niatured coupon

—

Michu'an—78,1890

Sliasonri

—

Cs, due 18836s, due 1886Oa, due 188768, due 18886s. due 18^0 or 1890..-.Asyl'm or Univ.. due '92FundinK. 1894-96Hannibal & i^t. Jo., '86,

Do do '87New York—

68, frolrt, resr., 1887 ..

68, KOld, coup., 1887....6s, loan, 189168, loan, 189288, loan, 1893

N. Carolina—68, old, J.4J,

I 68.old, A.AO

Bid.

60

116

103107%1(18 "a' 110lOil^illO-a1141181(13'-;;

109 "a

110111lis114

BKCUBITIES.

N. Carolina—Continued

—

No Caioliua RR., J.&JtBo A.&O t

Do 7 coiip'aoPF, J.&J.Do 7conp'80ff,A.&0.

Pundins act, 18661900JJO 18a8-lS9s

New bonds, .T.&J., '92.8Do A.&O

Chatham RRSpecial tax,class l,'98-9Bo class 2Do to \V. N. C. RRDo WesleruliR...Do Wil.c.&Ru.R.Do W'n. ATarR-

Consol. 4s, 1910Small

OMo-6s,1886

Rltode Island—' 6a. conpon, 1 893-99

111116163'-i

6 "5

Ask. SECURITIBa.

54

78 >a

75

109

6 "a

j

South Carolina—G.S Act Mar. 23, 18691iion-lnndab!e, 1888. !

Brown consol'n 68, 1893Tennessee—6s, old, 1 892.8

6b, new, 1892-8-1900 ---

Grt, new seiies, 1914 —(''iii[)'nii8e,3-4-5-68,1912

VirL'inia—68, old6s, new, 186668, new, 186768, (MJnsol. bonds6s, ex-inalure<l coupon.68, consol., 2d series6s, deferred

District of Columbia—3-658, 1924^mail bondsReifisteredFunding 6s, 1899

J>o small' Bo re.:i8tered ---

4

1034241

"45'

3«3li

31!

60896010

Aak.

7

10444434346\

41

12'

RAILROAD BONDS.

Railroad Bonds.(Stock Exchiumf Pricfs.)

Ala.Ceiitral—Ist, lis, 1918Alleg'y Cen.—iHt, (is.l 9'22

Atch.'r.&. S.Fe—4ia,19'20SinkinKfund,6s. 1911.

All. A Pac— lat, 6a, 1910Balt.A O.—lst,e8,Prl<.Br.Best. H.irtf. & J5.—l3t, 7s *

GuaranteedBnr'.C.Kap. & No.—lst,5aMinn.&St.L —l8t,78,KnlowaC. &West.— l8t,78C.Rap.Ia.F.itN.-l8t,63lBt,5s,1921

But. N.Y. & Phil.-l8t, 68Central Iowa—-lat, 7a, '99

Char. Col. cfe Aug.—l»t,7aCheB.A (lliio—Pur. m'vfd.

68. gold, series A. 1908.68, gold, Bcries M, 1908.

9<i34

113

68^ currency, 1918..Mortgage (js,

101 la'

12d

•101106 >»

110'114

82',63

•100-1181a'n3-'<

„ „. -.,1911Chicago it Alton— Irtt. 7s.

BinkiUK fund, 6s, 1903.La. <S Mo. Riv.-lst, 78.2d, 78,1900 '108

8t. I.. Jack.&CIiic—1st ILfialat, eunr. (564),78,'94 1122d(8t)0),7B, 1898....2d, gjiar. (1881,78,'98

Miss.R.Br'ge-l8t,a.f.8L

C.B.&Q.—Consol. 78,1903 127ia6b, sinking fund, 1901. 1

la. Div.-S. F., 58, 1919 'lOOia8.F.,4s,1919

Denver Biv.—48, 1922..48 19**1

C. R. i. <fe P'.-68, cp',i91'? 12468, reg., 1917 124Keo. & Des M.—lat, 5s

Central of N. J.—1st. '90. 116let consol. aaaented, '99 1 13 la

Conv.,a88euted,7 8,1902 114Adja8tn)ent,7a, 1903... "107Leh.cSW.B.-Cim.g'd.as *104

106ial

107

b's-a

Am.D'kAImp.—58,1921C.M.ASt.P.-lBt,8s. P.D.

2d, 7 3 10, P. D., 1898..lst,78,$g., R. D..1902.Ist, LaU.Dlv., 7b, 1893.1st, I. A M., '7b, 1897...Ist, I. &D., 7b, 1899...l8t, C. AM., 78.1903...Consol. 7s, 19052d,7R,1884l8t,7a, I.&B. Ext.,1908B.W. Biv., 1st. 68,1909.iBt, 6s,I.8C.&Bav.,1919lBt,S.Minii.Div.68,19101st, H.&B.,7s, 1910..Ch. <6 Pac. I)iv.,6.'<,1910

lbt,Ohio.&P.\V.,5a.l921Miu'l Pt. DiT., 58,1910.C.& L. 8np.Biv.,5a,1921Wis. & Min. B., 58. 1921

C. <St N'west.—S.fd ,7a.'85Interest bonds, 7s, 1883Consol. bonds, '78, li* 15.Extens'n bcuulB, "78, '85.

l8t,7s, 1885Coupon, gold, 78, 1902..Beg., gold, 78, 1902Sinking fund, Os. 1929.Sinking fund, regSinking fund, 5a, 1929.Sinking fund, reg£scan'a& L.S.—lst,6s.Des M. & Miu's—Ist, 78Iowa Midland-lst,88-

.

Peninsula—l8t,couv. 78Chicago & Mil.—Ist, 7s.Win.ct Bt. P.—l8t,7s,'872d,7s,1907

Mil.&Mad.—l8t,68.1905C.C.(;.&lnd's—l8t,7B,8.f.Consol. 78, 1914

C.St.P.M.&0.—ConsoL.esC.St.P.&M.-l8t,6»,1918N. "Wis.-lat, 68, 1930..St.P.&8.C.-l.st,68,1919

Chic.&E.lll.—l8t,K.f.,i;ur.

C0I.& Grei'n.-lBt,68,19162d, 68, 19'26...

Col. H.Val.A 'I'ol.-lat, 5sDel. L.&W.—78, conv.,'92Mortgage 78, 19078yr.Biug.*.N.Y.-l8t,78MorriH (fe liases.—l8t,'7s2d,7a,1891Bonds, 7a, 190078of 1871, lUOllat, consol.. guar.. 78.

N.Y.Llick. &W.—lat, 68Del. & II.— lat, 78, 1884..78,1891l8t,ext.,7a, 1891Coop., 78, 1894Beg.,7a.l894l6t. Pa. I)iv.,cp.,7s,19I7Pa. Div..ri>?..7a. 1917

871311211251201a120^jI2OI312l<a122100laoij1081a

ai811294 13

10.-. la

103 i,

132 "aliiO

105 la

1231a

1281a

86'a858O1.J

125

103 la I

124

11096

11911394=492 14

126'4126no110101

120

-122•120

i'li"

109-,98

101 ».

79ii821a115

-l-.'4

1231331121a'115

121 i.j

*n4ii•103116

us"123"123

114

i"34'

lis109125113

108116

IIOI4

125137

121122

116

i'u'

i'26'

Del. & H.—Continued-Alb. & Suaq.—Ist, 78...2d, 7.8,1885Iat,con8.,gaar.7s.l906lat cons., 68, 1906

Bens. & Sar.— 1st, coup.1st, re.g., 1921

Benv.<!t RioOr.-I8t.l900Ist consol., 78, 1910 ....

Denv.So. P.&Pac— 1 8t,7s.

Bet.Mac. & Marq.—lst,68Land grant, 3iaa, S. A..

E.T.Va.* G.—lst.78,1900iKt, cons., 53,1930....Bi visional 5b, 1930

Eliz.c.<fi N.—S.J.,deb.c.6slat, 6s, 1920

Eliz. Lex. <fc Big 8.—68...Erie—lat, evtended. 78...2d, extended, 5s, 1919..4th, extended, 53, 1920.5th, 7s, 1888lat cou8.,gold, 7s, 1920.1 toons., fd. coup., 7a..Beorg., 1st lien, 6s,1908Long Bock b'd:.. 78, '93

ButfN.Y.&E.—l8t,1916,N.Y. L.E.&W.-New2d 62d, conHol., fd. op., Ss.

Buf.,&S. W.—M. 6a, 1908Ev. <ft T. If.- ) at, cons., 68Frt<tP.M'rq.--M.6a,1920Gal. Har.&S.Ant l.st,682d. 78,1903Mex. & Pac—1st, 5b. ..

2d, 68, 1931Gr'n Bay VV.AS.P.—lat,6aGulf Col. & S.Fe-7a, 1909Han.& St.Joa.—88, conv. -

Conaol. 68, 1911Hous.* T.C—l8t,M.L.,78Ist, West. Biv., 78lat, Waco AN., 782d consol., uiaiu line. 8s2d, Waco A No..88,1915General, 68, I92I

Houa.E.AW. Tex.-lst,78II 1.1 eut.—Sp. Bi v.—Cp. 68Middle Biv.—iteg., 6s..C.Mt.L.AN.O.—Ten.1.,78Ist conaol.. 78, 1897..2d, 78, 1907Gold, 6a, 19512d Biv., 7.8, 1894

Ced. P. A Minn.—18' . 7aInd. BI. AW.—lat prt. 7s

Ist, 4-5-68,1909 :-.-

2(1,4-6 Ha, 1909Eaat'n Biv.—69, 1921...

Indianap.B ASpr.—l8t,782d, 58, 1911

Int.A Gt.No.—lat,6s,goldCoupon, 6s, 1909

Kent'ky Cen.—M.,6s,1911Lake Shore A Mich. 80.—Mich 8. A N.I.—8.fd.,78Cleve. A Tol.—Sink. fd.New bond.i, 78, 1386..

Cleve. P.A Ash.—78Buff. A Erie-New bds.Kal. A W. Pigeon—lat.Det.M.AT.—lat,7a.I906Lake Shore—Biv. bondB

i onsol., coup., 1st, 78.Consol., reg., Ist, 7a..ttonsol., coup., 2d, 7b.Consol., reg., 2d, 78.-.

Long Isl. B.—lst,78, 1898Ist consol., 58. 1931 —

Louisv. A N.—t;on8.78,'982d ,78, gold, 1883Ceciliau Br'ch-78, 1907N.O.AMob.-l8t,68l930E. H. A N.—l8t,68,1919General, Ga, 1930.

Peusac'la Bi v.—68, 19208t. L. Biv.—Ist, 68,19212d, 3ii, 1980

Nashv. A Bee—lat, 7b.e.AN.Ala.—S.f.,6s,1910I^eb.'iu'n. Kno.£—68,1931Lonisv.C.A L.-6a, 1931

L.Erie A W.-l»t,6.-<,1919SanduHky Biv.—6b,1919

Laf. Bl.&M.-lat,6».1919Louiav.N.-\lb.AU.-lat,68Manhat.B'rbCo.-7s,1909N.Y.AM.B'h-lst,78,'97

Marietta A Cin.—Ist, 78.1st, sterling

Metr'n'lit'n El.—l8t,19082d, (38, 1899

Mex. (en.— lat, 78, IDll.Miclilg;in Central-Con., 78, 1902Consolidated 6s, 1902 ..

68. 1909Coupon, 58, 1931Begi.~tered, 5s. 1931Jack.Lan.ASag.~6s.'91

Mil. A No.— lat. tfa. 1910.Mil.T..S.AW._lat.fi«.1921

111 .

lOJij .

110 113138

11334'114H!97^1' 9399 101

11775»8 7692= '

«941231a'107106111126'4

911-j

ios"

127^*

109 13 109 Hj

12013214

98

•97

801121alOia.104109106H4ia

98

116

Ufiia...117ial-

109108115

125104 >a

11010111411111886'a74911a 9399 100

iVi" ii'i

87% 871s

83

1071061a104lllia'

100

119124124120

'•97

115

10293

124'-,

121

98113'104

9310396951a

99'

4S112(a

iooIrll I .

US la

. ..I 961=99 I

101 '4 102

'.'.'.'.'.'. 125"

;o()

88•73

126105

99

1281106

101101

951(11

.Minn.A»t.L.—lat,7.a,1927Iowa Ext.—1st, 78, 19092d, 7s, 1891S'thw.Ext.—lat,78.1910Pac. Ext.— 1st, 6s. 1921

.

Missouri Kan. A Tex.—Gen. con., 6a, 1920Cona. 73, 19045-6Cons. 2(1, income, 1911-H. A t:ent. Mo.—lat.'90 *

Mobile A Ohio.—New. 83.Collat. Trust, 63, 1892.-

Morgan'a La.A r.—lat, 6sNash.Chat.A8t. L.-lst,7s2d, 6s, 1901

N. Y. (entral-68, 1883..68,188768, real estate, 188368, aubacription, 1883--N.Y.C. A II.—lat,cp.,78

1st, reg.. 1903Hurt.s. B.-7s.2d,s.f.,'83Can. So.—lst,int.g'ar.5sHarlem—Ist, 7a, coup..

lat, 78, reg., 1900N. Y. ISlev'd-lst,78,1908N.Y.Pa.AO.-Pr.rn.8a,'93N.Y.C.&N.-Gen.,68,1910Trust Co., receipts.

N.Y. A New Bng.—1st, 78lst,G.s, 1903

N.Y.C.ASt.L.-l8t.68,1921N.Y.W.8I1.A Buir.-Cp.58Nevada Cent.—lat, 6aN. Pac—0. 1. g., lat.cp.6sRegistered, 88, 1 92 1 ...

N.O. Pac—lat, 68, g.,1920Norf. AW.-G'l, ds, 1931.Ohio A Miss.-(

"onaol. 8. f.

Consolidated 7a, 1898 ..

2dcnn.soli(l!Hed 7s, 1911lat, Springfield Biv., 7s

Ohio Central-l8t,6a, 1920IstTer'lTr., 8a, 1920...1st Miu'l Biv., (5a, 1921.

OhioSo.-lat, 6s, 1921 ..

Oreg'nACal.-l8t,6a,1921Or.A Tran8'l-68.'82. 1922Greg. Imp. c:o.—Ist, 6sPananiar-8.f.,siili.6a,I910Peoria Dec.A Ev.— lat. 68Evaus.Div., lat, 89,1920

Peoria A Pek. U'n—l8t,6sPac. RBa.—Cen. P.—G.,6a

San Joaquin BranchCal. A Oregon—1st, 6sState Aid bds., 78, '84

Laud grant bonda, 6a.Weat. Pac—Bonds, 88

So. Pac of Cal.—lat, 6s.

Union Pacific-lat, 8a..Land grants. 7s, '87.9.

Sinking fuuds, 89, '93.

Registered 8a, 1893.Collateral Trust, 68. .

.

Kans. Pac—lst,8s,'951st, 8s, 1896 ...

Den. Biv.,8s,aa'd,'99Istcou.aol., 6s, 1919.

C.Hr.U.P.—F.c.,7s,'95At.C.AP.-lst,6s,1905At. .l.Co. AW.—Ist, 68Greg. Short L.—Ist.r

Ut. so.—Oen.,78,1909Exten., Ist, 7s, 1909

Mo. Pac— 1st, coua., 6s.3d, 7a, 1906Pacific of Mo.—1st, 88

•2d, 7.S. 1891Bt. L.AS.F.—2d,6a.cl.A3-88, ciaasC, 1906 ....

3.88, cla.88B., 1906...l.st, 6s, PeirceC.AO..Equipment, 7s, 1895..Gen. mort., 6a, 1931..So. Pac. of Mu.— lat ..

Tex.A Pac— l3t,6s,1905Consol., 69. 1903Income A Ld. gr., re^.Ist, BioO.Div., 68,1930

Pennsylvania KH.—Pa. co'sgu r. 4ia9,l8tc.Registered, 1921

Pltt.C.ASt. L.—lat, C.7BIst. reg.. 79, 19002d,7a.l913

Pitta, fc't. W. A Ch.—Ist2d, 7s, 19123d, 78, 1912

Clev. A Pitts.—Cona. a.f.

4th, sink, fd., 6s, 189'2.

Col.(J.AI.C.—Ist.conaol.2d COII8OI., 78, 19D9...lat, 'l'r'8tCo.ctf9.,a89'd

2d, Tr'8tCo.ctfs.,ass'dIst.'I'r'tCo.ctfs. auppl.

St.L.V.AT.ll.-lst,g.,782d, 78,18982d, guar., 7s, 1898 .--

Pitts. HA B.-lst.6.s,1911Boine W. AOg.—Con. iat.

Hocli.A IMtt.-lst.fia.lllL'l

119 120116 1118%101 ...IIIS4 ...

89 |..-

83=4' 841109 "a

62I4' 621a1081a'...

101118 1163^

1061a 107107 1107=41021a'1021a'ISO 1131

131107OOI'b 9634

1301a 132I3OJ3 132

117

4947'.46

9Si8 98I4

78%' 78=41103

105^105=4104%

88%103117•lieij

1188980•88 la

I2314118'a891a

9384

94 %l94V 951a

I95

1031a97

100 102lHi4'll4'a108a4i

-—104

1101031a114%1(10 Ki

11634 117

104 V....108 'a|....109 14! .-.

109 "all 111(1134 103 "a•100 ....»91 .---

• 91'99%' 99 'i•102• 400106 "a'

113 1120lOo IU6I4

114993<

400•99 100

ioo" 10499 'a' 9934

104 •-103936814Si's

•123126109

68%8414

Rich. A Al.—iBt, 7s, 1920Rich.A Danv.—Con9.g.,68Bebenture6s, 19'27Atl.ACh.—l8t.p.,78.,'97Incomes, 1900

SciotoVal.—lat, cons.. 78.St. L. A Iron Mt.—lat, 7s2d, 78, 1897Arkansas Br.—Ist. 78...Cairo A Fulton—lat ,7s.

Cairo Ark. A T.—1st, 79Geu. l-yA 1. gr., 3s, 1931

St. L. Alton A T. H.—Ist.2d, pref., 7a. 18942d, income, 7a. 1894Bellev. AS. Ill.-lat, Ka

St.P.Minu.&Man.—l8t,7a2d, 6s, 1009....Dakota Ext.-6a, 1910..Min'a Un.—l8t,68.1923.

St. P. A Bal.-lst.5a,1931~o. Car. By.—Ist, 83, 19202d, 89. 1931

Tox.Cen.— l9t,8.f..78,1909Ist mort., 7s, 1911

Tol. Bel. A Bur.—Maln,8alat, Bayt. Biv., 6a, 19101st, Ter'l trust, Oa, 1910

Va. Mid.-M. ino.,89, 19'27Wall. St.L. A P.—Geil'l,6sChic Biv.—5s, 1910 ....

Hav. Biv.-6a, 1910 ...

Tol.P.AW.—lat,78,1917Iowa Biv.—8s, 1921...Ind'polis Biv.-6s. 1931Detroit Div.—68. 1921..Cairo Biv.—68, 1931Wabaali-M., 78. 1909..Tol. AW.— lst,ext.,7slat, St.. L. Biv.. 7s, '892d, ext., 7s, 1893 ....

Equip. b'd8.78, 1883..CoUBOl. conv.. 7s, 1907Ot. West.—1st, '78, '88

2d, 78, 1893Q. AT.—lat, 7s, 1890.Han.ANaplea— l8t,78Ill.ASo.Ia.-lstBx..8aSt.L.K.C.AN.—R.e.7s

Oui. Biv.— lat, 78 ...

Clar'daBr.-68,1919St. Chas. Br.—Ist.Oa

No. Missouri-lat, ?8West. Un. Tel.—1900, cp1900, reg

96 '«

98 14

70107

N. W. Telegraph—78,1904Mut. Un.'l"—8.P.,8s,1911Spring Val.W.W.—lat, 68Oregon RB. A N.—1st, 88

INCOME BONBS.(Interfst nayablf if earnrd.)Ala. Cent.—Inc. 88, 1918.Alleg'y Cent.-Iuc,1912.Atl. APac—Inc., 1910...Central of N. J.—1908 ...

Col. C. A I. C—Inc. 7s, '90

Beorga'n Tr'stCo. Cert.Cent. la.—Coup.debtctfa.Ch.St. P.AM.—L.g. iuc,6sCliic A B. 111.—luc, 1907IJesM.A t't. I).—lst,inc,68l)et. Mac. A Marq.—Inc..E.T.V.AGa..-lnc..68,1931Kl.C. A No.—2d, inc.,1970O. BayW.A St.P.—2(l,ilic.

Ind. BI. A W.— inc, 1919Consol., Inc., 8s, 1921..

lud's Dec.A spr'd—2d lucTrust Co. certificates.

.

Loll. A Wilkesb. Coal—'88Lake K. A W.— lnc.7B. '99

sand'ky 1 d v.— 1 uc.,1920Laf.Bl.A Mun.—Inc.73.'9U-Mil. L. S. A W.— lucofueaMob. A O.—1 st prf . doben.

2(i pref. deijeuliires3d pref. debentures4tli iiref. (lebeutures

—

N.V.LakeE.AW.— Inc.8sN.Y.P.AO.—Istincac.TsOhio Cent.—Income. 1920Mini Div.— Inc78,1931

Oliui .so.—2d inc., 8s, 1921Ogdens.AL.C-Inc., 1920Small

PeoiiaO.AEv.—Inc..]930Kvana. lUv.—Inc. 1930

PeoiiaAPek.Un.—Inc..6sBoch. A Pitts.— Inc., 19'Jl

Itome W. A Og.— Inc., 7a.so. Car.By.— Inc..68. 1931.St. Louis I. Mt. A So.—

lat. 7a. pref.. int. accum.2d, 8a, int. accum'lative

.St'g I .ABy.-Ser. I!.,inc..'94

Plain incomes, 8s, 1896.sterlin,' Mr. lly.— Inc., 93St.L.A. AT.H.— Dlv. bdsrol.l)eI.AB..-luc,B9.19lOi'ayt<m l)iv.—6.9, 1910

IVx.it >l.L..I..c..inc li'.'O

77 SI031463 14

1141a1I0>4110109 la

10978113

117109110111

ioo'101•951061031a

79963«63 's

58831*82%

ioeii84

107102102

10.) "a

102103

109

llSHi116115 >a

861a

85 18

38%

24

8146

50•8076

70I'lO

30

ai'

45

68"

il2111109%1091a79

10906 >a

112111

1021a

62848387

88

1081*

971alOeia

1091a110100103

8634

iOT'ii

26

7360

75

39"'

26"

4835

5066

827948

68

66"

47144367

37

76'

* K9 pilce Fridar—theae aie latest quotations made this week. t Coupons on since 1869

Aprii, 14, 188fl.] THE CHRONICLE. 421

RAILROAD KARNINUS.

The Iftfost railroad eamingn and the totals from Jan. 1 to

lat«8t duto nro given below. Tlio atatement includoH the Rrnsii

earnings of nil railroads from which returns can bo obtainud.

The colamns under the heading "January 1 to latest date" fur-

Dish the gross earoingit from January I to, and iaolodinj;,

the period mentioned in the second oolumn.

Roads.

Ala.Ot.PoiitlirrtiAtoh.Ton.AW.HVBuir. rill-h.* WBiir.i Vil I! .V N"Oed. K. * M<>. K.Central i>t tin...

Cvnti'ul Iowa ...

Oiiirni I'ncillc

ObpMip. *! OhioGtllCHIfn <1; AUollOlilo. Itiir.A <)--

Olilc. A KnM. Ill

Olilc..V-iti.'rniiik

OUlc. Mil ASt. P.

Cblo. A Nurlliw.Ch.St.l'.MIii.AOClilc. A W.MIfli.Oln.liKl.Hi.I.AfOlnclnimllSniiMiOlOT.AkronA <.'<»!

Ool.IIiH-k.V.AT.Dmburr A Nor.Sen*. A Uio(ir.Uenv.A K.Hr.W.Dea Mu.A Ft. I).

i>ec. I.HII. A No..Dill). A .SUnix V.BaAteriiK.Toim.V» ADnEliz. Lci. A l!.H

Evanar. AT. 11

Flint A P. Miini.Ft.W.A DouverOeorgiaGrautI Truiik...Gr.BavW.ASt.PGlllfC;il,VSali.KcHaiiuilmlA.St.JiHouB.E.AW.TexIlUnolftCeii.(Ill.)

Do (luwa)Do So. Dlv.

Ind.Bloom.A W.K.C.Ft.S.AaiillX. C. Law. A SoI^ Eric A WpBt'iiL.R. AFI.SiiiltliL.Rk.M.Rlv.ATIjOdk IfllaiHt

LooMa. A Mo. R.XiOulAv.ANaabvMBr.HoiiKli.AOJAemp. A Cbarl.Mexu-uu Cent..

Do No.DhUexlcan Nat'l.Mil.I...Sh.A\Vp8tMlBaoiiri Puoitk'Central Br'chInt AGt. No..Mo. Khii. at..BcL.lr.Mt.ASTex. APuoilic.Whole Syntem

Mobile A Ohio..Hasn.lh.ASt.l.}N.Y.L.K.AWeelH. Y.AN. Enifl'dNorfolk A Weat.KortUcni Cent..Nortlierii PaolBcOhio CentralOliio AMliM ....

Ohio Suiitheru..Orecon A Cal . .

.

Oregon Imp. Co.Oregon K.AN.CoPennxylvanla ..

Peo. Deo. A Eve.PhUa. ARead..Do C. A Iron

Phlladelp.AKrieKlohiu.A Danv.Ch'lCol.AAugColuiiil). A Gr.Va. Midland..West No. Car.

Bt.L.Alt.AT.HDo (brohs.

8t.L(>ni« AUsIri8t.L.AH:in FranBt.l'aul A Ilnl.

BUP. Miiin.AMBcloto VHile}'..Boatb CarolinaUnion Paclllc...TJtahl'cutral..YickBb'rgAMer.Wab.St.l>.A Pur

Lalrtt Eamini/t Keporleil.

Vttkoriti)

Fcbmarjr.

.

March..iiiiniirr.. .

1 1 li w k Mar,l:tnitur,y..

.

I", liiiiury.

.

MarchMaroh.ManhtKl wk AprF, liiiiary.

.

iBlwk Aprwk .\pr7.."»l wk ApriHt wk ApriHtwk Apr:<d wk MarMaroliwk» Mar.

4tli wk.Marl.st wk AprJanuary...iRt wk A orIstwk Apr:idwk Mar1th wkMar•tth wkMartth wk.MariHtwk Apr.MarrliIstwk Aprllh wk.viar1st wk AprFobrnarj'..Wk..Mar.;HlIth WkMar.\lari-h

iRt wk AprFfbruar.v..l8t wk ApriHt wk Aprlet wk Apr4th wkMarU\ wk MarMarch.....lot wk AprMarchMarchIstwk Apr.lannary.1st wk AprFebruary.

.

Marchd wk Mar

2d wk Martth WkMarIstwk Aprl3t wk AprIsl wk AprIstwk Apr"atwk AprSt wk AprIstwk ApriKtwk AprMarchFebruary.

.

January...MarchMarchFebruary.

.

Istwk Apr4tli WkMarFebruary4th WkMarFebruary..January...MarchFebruary..4th WkMarFebru;iry..February.Fcbniary..March.MarchMarch.March.March . .

.

4th WkMarith WkMarUhwkMaiIntwk Aprlet wk AprUtwk Apristwk AprFebruary•> dyg AprFebruary.

.

Pcbniaiy .

.

Ith wkJfar

ltl83.

81.' 08

78,8218l.3<)0

224.7.;33:14,^oll

ll.'>,82l>

a.02l.(K)ii27(>.«7.^

133.1121.0 1 1.0-.; I

•.'8.(17.;

tUl.Ol I

4ii:i,i>0<)

4'.'7,70il

lOs.lloo

22.i.«l0l-'1.14.'i

1H.84;.'^.i.378

17.J77l'J3,90('

5.1007..-123

4!t.l4!)28.<>1!>

fH.990

5.'.9!)l

13.484b.i.:i72

6.700143.21I1342.77713,002

141,10147.70,')

21.788116,00039,00063.40062,8.^438,170

26,75647,3232.0O648.37049..'SH0

233.08.^17,000

101,82033.8064.523

23,77418,770

154,60822.77'70.203126.140137,111103,091Oll.OO.'i180,113195,262

1,524,869284,868203.15848rt.'-65174,6002l.04ri

2S:s.00.o

0.550ir57.30O240,5431118.100

3.712.21516,028

1,4^3,862023.319295.6833.52.414V4,0438^,021123.58026, Hi3-1.3T922,160H.353

65.22.)22.335

214.00U8.885

149.758428.00098.88044.709

37 4.800

I88S.

S«6,731

'oa.i'.o77.110

255.4142flU.05;i

8K.677l,Ortl».737

215.444120,06;<

1.4.57.311(1

34.33762.287

373.970382.8iiO

(•.'i.3111

28.30!)201.723104.42916.21361.37513.417

12N.301.

"8.60650,l'>327.1881,44053.51)031,41(ilrt.57i-

70,206

113.777313.70311,80"S.oi^s

38,20515.200

132.24734.74161.86151,06930,501

24,16536,706l.i,OdO48,32141.361

223,01722.64082,964

16,00012S,62313,8il58,44399,275l41,So375.961517.077148.166174.074

1,318,007265,222174.7ti9113..551105,24026.110

260.1308.390

230.183420.385

3,306,75023.952

1.200.421878.58 1

246.246330.46769.10673.182

112,40018,51833.77426.1317,72 i

56,75'1.5,35

135.3239.016

126.773440,(KiO120.48243.012

3.50.281

Jan. 1 19 Laletl l)u Ir.

1888.

S165.899

3,130 25578.821

r37.3i«22 1.723645.70027:l.<'0l

5,I02,0'<1765.101

1.080.6123.'23h.701421.01)1720.803

6.1';4.0O(i

5.156,4171,118,673290.454504,904

118.962717.94217.277

1.497.20(76.30061.851

331.251242,01.'.

784.230l.O28,t>901->6,52J184,411586,736

277.6974,093.188

85.128436.700636,8.">846,636

1.690.68.=480.84-.:

1,224,9.53710,874

337.407385.626138.09099,413

468,10749,560

3,503,22^36.203

317,816348.9939,96<>171.4352'27.830

2,366,0203H4.460

1,027,0211,700.5231.9.57.3781,580.5619,114,979568,284302,650

1,524,860774.876504.089986.117

l,49i>,076225,844

1882.

»127,305

3.33.-..77362,1,-.11

702. .-.61

a.-i5.44 1

6ip2.7:I0

270.' (il

5.520.8S1603.213

1 .822.:i0 1

3.110.131413.431533.0H3

4.746,2775.174 8121,150,100

.iOl,10,")

Cys.304

101,.550130.790240.543

1.0.)8.40il

T.641.572150.070

3.062.6371,874,538615.403011.419218,770254.713334.35373.814

364.940211.14480,008

931.511242,528

1.K23.188123,722270,190

6.330.9301O8 06I9\.M17

3,«.57.777

109.1616.i8.201

13,1171,551,410

88,283367,018281.767684,5437H0,07588,877

l96,.^53628,245

238.8983,722,Oi;9

87.740262,014501,86533.576

1,770,849517,384934,541676,118

22614353,50.106108,20257.525

430,23

1

41,3613,217.623

48.0-:i281,095

222,5141,706,463223.280771,116

1,306.1601,741,3581,021.025C.833.301466,i::l345.727

1,318.907696,325403,000820,910992,685207,837

84,342

230,1831,1()3,05H6,080.071

183.9182,703.4061,826.975

4 08.973913.117204.340221.022282,6764.5.533

311.128108.90488.526

833.155108.686

1,480.146l.:3.129252.240

6.62.1.6862i9.47100.321

3.6T8.500

* Earalnge on 2.893 miles this year aganist 2,917 tu 1882.t FreU'ht eai nings. i All Uue« Included

t Traliiu iutcrruptcd by floods. 1! Small eamlogB due to frcsheta.

Coins.—The following are quotations in gold for various coins

flOTCTelgns «4 82HajKileouB 3 82XX Relchmarks. 4 72X Guilders 3 05Bpan'h Doubloons. 15 .53

Mex. Doubloons. .13 45Fine sliver barsFine gold bars

-9«4 86a 3 86-« 4 769 H 90»ld 75»13 60

1 09^ « I 10!^par/ftt| prcii.

Dimes A >< dimes. — OO^a par

SUver Viand <««. — 99^i<» par.Five francs — 02 » — 0^Mcxlcai. dollars. . — 85i«» - 86'%Do nncoinnicrcM. — Hi's* — '*5*4

Peruvian K >les — So 9— 82KngUsli silv.:r .... 4 73 » 4 p2Pius. nilv. thalers. — 68 » — 7. >»

U. 8. trade dollars — 90H •» — O ^iU. 8. sUver doUant — 99% * pa .

New York rily lUaka.—Thn lollowiac aUtMafiat abowii »k*eondltlon of the AsHoelatAd Hanks of NawTorkOltr for Ik*weok onding at. thn nt>mm«afl«(n>*nt of bnsinmx nn April 7:

HewTorkM*nhstl«n r,t

M«rnt,(iuitMcotmiilo*' ....

DnlonAaiwlaB

pl^v^iii::::MtonClwmlaalMaruh'nta' KxohOallHtln Natliin'lBtllrhi»r«*Jkl)''oTM«ohanlr>i' A TrOrttrnfflchLeHllicr MHii'f'ri'

fc»^nth WurditeofN. Yorli

Aroerloan KxohQontiueroeBrttaiifRVMeroiaUl*PacificBapnblloCbaihumPeople'sSortb America,anover

IrrlDgMetroiMiltaD ...

t^tium'ilsnianMarketSt, NIcholita|ho« ft LeRtber.gorn Bxchange..continental....OrientalMarineImporters* ft Tr..ParkWall St. Natlon'lNorth Kiverut HWerPourth National.Central .Nat

^ond .Natlon'l.yinth Niitlimal..First National..Third National..S. Y. Nat. Kxoh..Bowerr .NationalN. Yorkt'ounty..'ienn'n Americ'n(Thmae National..PIfth Avenne...

.

Qerman Bzoh. ..

OermanlaII.8. Natr.lncoln NatdarlleldNat

OapUaJ.

•?,wm,tvrf*'.' .Vt'iKin

y, .". n/. « ,.' o>,ao".'><»fl

!l.i4M1.n4XI

I.I>tl.i.(0O

I.I.OO.f'"'

I,'>nii,"Oo

i'o<>,r.iN

StMt.ond

I ueOIKX:l.ixm.nnj!i«o.noii

if' o,n*M

htnt.itno

1(1 •' I OOii

s-won"5.1X10.001S.oOO.IMif

1.000,001l.dOo.iKr.

j.fliio.nm'

450. 0<>'2I1O.0IH1

70O.0OOI.I«K1,001J

5-10,0(1 •

il,U00,0(«l

100,0 I

sno.oivSOO.noosiiu,oi«

aoo.oool.tXW.ilOCl.OOO.Ort

S'10.(X)('

4(I0.0(N,

i,Mo,aoiS.OOU.OOdBOOOOIJHIU.OIK'asceofi

8.«IO.iiOOs,noo.oo(>800.000;s>i.oo<i

BOO.OOO1.000.0.x800.1)00i&l.fiflO

Eoo.ono761,000

loo.ojo£00.000SOV.tMO500.000ROO.OOtl

iWO.IXW

4aifii»» *mintKi ..'-

1 (r7',-.H

a.71H(KIB..<tll'.o<)il

:4 9 yi<ion, Hlf 4IH

e.";4,»'<i/,a/.i

4.7411.SI0a.4lW.N.HIt,4MI,' IKl

2.MII 3<h ra8.4 "

8. '46.000lil.l,8<»H.i M^A

i M4" « 1,

ij.a.'M.im'

V,6I5(>J0«,'i7e S'lo

5,731>I02.' 8'.M)0s.««0.»aoIH,7»l.3lOIIKU'SttlO

1.771,4' H)l.BJK.UtH)I.1H.0O0

15l>:<:<.:400

7.30t.OOOS.;71.0006.il2."1.0')0

\i,Wt.» 10

6..ino ' flo

l,8l«4.B

I,!'ie3,000

I,7l'9.800tjsat.'-oali.240800i.oss.iiao

1.7«),«KI.H8!,4a04.S1M.80Cl,«(«.Hno6r;.soo

41"'.

avi

.

IS.'x.nn.Oo.

>I8 0<)I'

431.0.N1 Ai!l."tfl.i'0i.4'lc.

7 SliK,l.iai,aiii,

vm.ionen.iinK',S.O.>

aieoii1 Si^H-*884.*y

1.808110.30t3>"«0.o(K'

405 a>v4eo,ie4'»iao>>iiueood

1,441>800107.»NlesT.noc

4 Kill^lf'

4.348.(100lai.Mo14,00:hS4(»

8 4e»Sl<88i)."aeBM Ml

TS.l.OTC2,4 3.7*1eoj.oiolet.ooo212.80021.800

836.70l.OlH.liO471 1.x.

48.000

I.08(I.S00Ktll.tdOlo.eoo

1 14 amilA.non1114/00l2'>(VinTkioOoo4i->.:k)ii

1:3mXia.2,)nIKIBOO414100Il"6.inB7.inri

14a.(lo>'(Vs»7i|n

3)«.2inH>W."'i<

XI2.7II184.400

4<.3)il

220.' KNi161.000134.000876.1MeITU.OOO4I7.4')'|

»->4.40U71.6.'W134.00I05.» oBO«.70O

1.007.00029«.0003 17.0001»7.0JUeoe.aoo128 80C280.000S.0S.8X14.400

IM.SOli8.'*l(

IMO.O'IO187.7110t«.N00ire.ioo133.000

«.« l*. *mt.lia70c< ntMl.<'M>4d» mjSakn»vtilOiB ^»> nor,

i.oiiiiM7 481/0084 i»f, ^1S6 "4- *>.2 3»4 \y</<itAir,8.«t« *> nj5iSletoioi SJMV BOO aif

8»'5S> iso.nnn».-i«i»ii 420 TD«erii.iHir t.*8Si<(nt ass. 4. 10 aeo.oo*^4«0.7rH2 W««fl.» 480'jtMiiIBioOii ,,

2.« 4 4S0,0M2.8l7.»li. 4jm«<T7.I00 4ao.ooB1 Ifll TW.'4 U2 Olio mjMta

12.277.0JU 1,32s IXM80.741*. lot 46,00)l..e6.7(IOt.aoi.ooomiiv^ H*.5(M

1.5.218.700 SS'M7(IM'l0n i»>.ana8.7»<no(i HOjOOBM78,0K1 BSt.lM13.721.000 44.800

127.1.XJl.li»8,».|0 8ea.aua1.793 600 USlOOO2.('»3 Sue 180.aM192U800f ll«iJ4« 4iM»aieSAonisoawcI.IS'.OOt4.T«8»« 41T.7t!«L83l>.40« 46000SMMOO iso,on

Total ei.lW.TOO 311,039,400 60.620,40(1 15,933,700 280J»O.4''O i«ja«,00»

TuH devlatione Iroin returns ol preTioua week are • follr.ws

Uoanaanddlsoounta Inc. t909.aoo | Net depodta Inc. ll.0SJ.S0OfMCIe I"C. 1..5,i3.800 Clrcalatlon Deo. 42/WOleinil tenders Dec 878,1001

The following are the totals for three weeks

:

Loam. Bpeeit. L. InuUn. DerotiU. OlmiUUUm. Att-Omr.tflfta. s s 2 8 ' >

Mah2t Sl'J.87»lflO 47 997.400 17.0!.\400 281.flll.'«)0 16.956.800 tfi«.ftm.»n

•Sl.y.SloAM.lm 49,M«»00 Irt.M)I.'8O0 2r...»14.200 1«.6;4.»)0 MM Sn.MApr. 7 ...811.039.400 61.«i0 4.K) I5.llij.700 280.1480.400 I«.l. S.OOO 8.8.1(67.aO

Hostou Banks.—FoUowinjf are the totatt of the Hohu>d bankitLoant. SpftU. L. TtnUn. DtpotUM.' OlmatatMK. At§.tUar

143.a*i0.t00 5.0(M1.600 8.681.000 80.738JOO 80.848300 «0,D07.J17S.i3:i.500 8.752.200 BI.(V»l.000 Sil.4:->.J0(I 98,.l:0.7e 44.SU.800 8.338,900 83.7IM,40e 80,10 .'.lOO TOMUAHdue 10 other banlu."

1888.Moh.te..Apr. 2.. 144,77«.»i>0

_» ».. 145,6^,800* Including the Item '

Philadelphia Oanka. -The toUls of the PhiUdelphia bank*

are as follows:L. Tender*.

%l«.'2J.»in16.3'M.9S715.552.7 ;8

1888.Moh. 2«.

ART.

Loant.*

74.7'S.8!7;4.e20.4!M

9 7t.33S.580

X>ap<»<t<.

61.181.18582.488.57762.970.657

OircuIatKm. Aii-Olfr.

9.77t0'.0 4HJ84.18Sft.Hl .851 43.aa4.8IO».6I4.t«8 e7.43«,44«

Unlisted Securities.—Following are quoted at ii N-w Street:

Bid. Atked.Am. Rallw'y Imp.Co—Rx boniie and Btook. 44 32>«

All. APac.—68. Ist.... 90 97>«Incomes 24^ 25Blooka 35 per cent 110CAit. BranchIncomes do

Boat. H.dt E.—New st'k ^Old "4

Buff. N. Y. &. Ph.,new 32Preferred, n«w 60

Bru8hEI.I.,t.Par'ntCoChloA All.—8lk

lat iiiort

Cal. A Chi. Can 4 Dk.. 22Cent. A So. Am. Tel. .. 00(Jontln'l'iCons.-S5 poDen.A K.O.R'y—Cona. 95>«Dei TPr.Vtlo Gr.Weet 30Ist uiort 7fli'8

EdiS'n Kieo. Light.... 290(fa. Pao. K'y., lat lu.. 84I. B. A VI. Inc. bd*.... 42Kecly MotorMi'xican. Nat. 8

I'rc'fen-ed 251st mort 43

MI<'h.A<).--«ub(i.65p.oM.U.SrkTnist «:ert«.. ISi*

M. K A. r. Inc scrip. 43.•«.'\'.W.31i.A»u(r.—8tkdel.wh.ls8.on old sub 36%5s 78148u1w O. A W..95p.o 77%

N.Y. ASoranton cons.,lOOp.r.ex-b. Aat'ck

N Y.8US..V Weal.—Stk ....

Prorerr>>dIs', mort 7.1''8

Nortb Pac. dip. bonds. 8')''«

"8

3363 >9

100

301014097>23J4»76 'a31.%8644168»«

20 1«43'.103

37 >«78i«

7590*4

Bid. AMktA.No.Rlv.Onst.—100p.el03 l<K>oN. J. Sootbem 1 1%N.Y. A Or L. -2d inc. 8>t .—N.Y.UAW-5p.e.«.»tkGuar. 1st —910.000 Blocks ex-

OhloC.-Kiv.DW. 1st. «1^Incomes 1540

Oregon IiiiproTem't.li<tmort

Oregon 8k. Line dellT-

ed when Issued 23Sulut. 80 p. o 103Hiibe. ex-bd. A sit... 50

Pensae. A Ati 241st mort 7940

Pitta. A Weetem ISIstinnrt 83

Roch.APltts. cons..lst 95Itlch.AU.Ext.sul>».70« 648t. Jo. A W.-..t 10Tex.ACol.luip.-60p.ol03>«ex-bd IS"!

Tex.A8Mst.MAA.DIV 70suhe •.--

en-bonds 18Texas A 8t. r/>ul»

Ist iuort..M.AA.dlTIno'ino* .-;•;

U. -. Kli-e. I.l«ht 131»»VicVsb'x A MeHdlan. . »Hpref— :... ••

1st mort............. ->«IZd mort -

Im'iinips .-••

WistMmsIn Central— 33<oPn-f .... 30'o1st mort 1st pref ... .0l.t niiirt ;*2d mart **

61%,15^

251b

SO

si>a

96"70II103%1475M

ISO7%

SS%

422 THE CHEONICLE. [Vol. XXX'Vl.

iwtiesttttjettts

STATE, CUT AND CORPORATION FINANCES.

The Invbstobs' Supplement contains a complete exhibit of the

Funded Debt of States and Cities and of the Stocks and Bondsof Railroads and other Companies. It is published on the last

Saiurday of every othffr month— viz., February, April, June,August, October and December, and is furnished withuut extra

eharge to all regular subscribers of the Chronicle. Single copies

are sold at |2 per copy.

ANNUAL REPORTS..

JIIis8onri Pacific and the " Southwestern System" of Rail-wayg.

(lor the year ending December 31, 1882.)

This company has just issued an annual report, in pamphletform, for the year 1882. It is a change in policy to issue sucha report, and all persons interested in the stocks and bonds of

the several companies embraced in the Southwestern System,will certainly be gratified at this new departure. In manyrespects, howeyer, the reports are very meagre in details, andparticularly as to the large items in the assets of stocks

and bonds of other companies held and owned. Thereport of Mr. Jay Glould, President, says of the MissouriPacific and St. Louis & Iron Mountain roads that, "as comparedwith 1881, the gross earnings of the year show an increase of

$1,551,118, and a decrease of $262,707 in operating expenses,making a net increase of |1,813,826, on an additional length of368 miles of railway. The net profits of the company were asfollows

:

Net carnlDKS $7,50.5,350Mlscellaneou* receipts, dividends, &c 599,80(5

Total net receipts $S.105,1 57Deduct interest, rentals and other charges 4,488,713

Total net protlt, after payment of all iixed charges $3,616,443

"Or more than 12 per cent on the entire capital stock of$30,000,000, representing 1,872 miles of railw"ay, or about$16,000 per mile of stock. Of this amount, the sum of $1,946,-419 has been paid in dividends, and the balance, $1,670,024,adds to that extent to the credit balance of income account,which, condensing the tabulated statements of the two com-panies, now amounts to $5,834,954.

" No construction account is kept by the company, the better-ments, amounting to $687,120 during the year, having beencharged to operating expenses. The four branches referred to

in the Vice-President's report, and which have been completedsince January Ist, are represented in the financial exhibit underthe head of ' Advances to roads under construction,' for whichsecurities are to be issued. The financial condition of the com-pany should be considered satisfactory. It owes, practically,no rioatirjg debt, and has ample cash resources to meet maturinginterest or dividends. The income bonds of the St. Louis IronMountain & Southern Eailroad Co., originally $8,000,000, havebeen nearly all exchanged for general mortgage 5 per centbonds— less than $400,000 remaining of the entire issue. Ofthe 1,872 miles of main track, 1,407 miles are steel railed, andthe tracks of the entire system are in good condition. Therolling stock is in eflieient working order, but requires enlarge-ment to meet the aemands of a steadily increasing traffic."

SOUTHWESTEKN SYSTEM.

The practical details of the working and financial conditionof the several companies are given in the report of Mr. R. S.

Hayes, Vice-President, as follows :" During the year all the

properties have been operated under one management ; theaccounts of each company have been separately kept, beingcleared through the accounts of the Missouri Pacific Railway,and are exhibited in the following statements and tablesattached" :

"mLEAQE." The number of miles of road operated at the close of the

year, as compared with the year previous, was as follows :

Mo.P. O.B.U.P. M.E.iiT. T.AO.W. TAP. Sl.L.l.M.itS. Tot.Main Matn Main Main Main Main Maintrack, track. track, truck, track, trade, track.

Miles Dec. 31, '82.990 388 1,374 775 1,487 882 5,81)6Miles Dec. 31, '81.785 383 1,207 775 1,2:9 719 5!l03

Inofeaso in 1882. .205 167 258 163 793

" EQUIPMENT." The locomotive and car equipment at the end of the

waa:Loeo- Pass'r Bg. Mail Fr'ght c'rs,

motirea. cars, a Exp. altso^ls.Mi-ssouri Paciflo 152 81 30 4 702Central Branch, U. P 30 15 8 578MlsROurl Kansas & Texas . . 140 52 35 4,161International & Gt. North'n 74 38 ig 1540Texas&Paciflc 143 63 24 2'966Bt. Louis Iron M. & So 141 02 34 4^743

Total 680 311 130 13,690 19051'• The above equipment includes car trusts for

—

" I. & G. N. RR., 200 flat cars. Unpaid balance January 1st1883, $64,818. St. L. I. M. & S. Ry.. 38 engines ; 10 passenger!baggage, mail and express cars ; 1,900 freight cars, and 100refrigerator cars. Unpaid balance January Ist, 1883, $1,175,000,the. payments being distributed over the next nine years.

year

Tot.cars.4,813601

4,2481,5973,0534,839

" EARNINGS AND EXPENSES.

"The following are the gross and surplus transportationearnings and expenses as compared with the previous ye ar

:

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•S* S

" The principal extensions were completed since the beginningof the year ; the Taylor extension of the M. K. & T. Ry., andthe Forrest City extension of the St. L. I. M. & S. Ry., duringthe past spring; the Omaha extension of the Mo. Pac. R'yduring the past summer, and the N. O. division of the Texas &Pac. was only opened during the last three months of the year,the crossing of the Atehafalaya on the N. O. division beingstill operated by steamboat transfer pending completion of thebridge. The companies did not, therefore, have the benefit oftheir earnings during the entire year, while the securities wereissued at various times as required during construction, causingthe interest and expenses to accrue before the benefits of thefinal completion could increase the earnings. The companiesare practically without fioating debt, their promissory notes, aacompared with the year previous, being as follows :

T. £ p. St. L.I.M.d: S.(1,173,000 $1,508,076

304,825

jlfo. Pac,Bills paya1>lo Dec. 31, 1881 $3,291BiUs payable Doc. 31, 1882 500

Decrease $4,701 $1,175,000 $1,203,251

TONNAGE AND PAS3ENQERS CARRIED.

The number of tons of freight and. number of passengersmoved during the year, as compared with the year previous,were as follows

:

Mo. Pac. C. B. TT. P. M. K. A T. I. <i O.-V.

No. tons freiglit carriod in 1892. 3,194,353 317,434 1,05^,103 486.585No. tons frelfe'Ut carried in 1S81. 2,712,634 345,279 1,243.491 459,536

Increase 481,719 411,612 27,019Decrease 27,845

No. passengers carried in 1882.. 1,472.311 145,084 5i>7,03o 250,817No. passengers carriod in lo81 .. 1,023,035 124,640 405,956 201,387

Increase 449,275 20.144 151,079 49,430

T. <£• P. St. L. I. ST. a S. Total.No. tons freight carried in 1892... 1,049.262 1,500,491 8,203,228No. tons freight cariied in 1881... 1,155,892 1,593.943 7,310,775

IncreaseDecrease 106,030

No. passengers carried in 1882 392,363No. passengers carried in 1881 347,558

692,45393,452

955,787 3,773,399913,755 3,016,332

Increase 44,807 42,032 757,067

"The decrease in the tonnage upon the roads stated was dueto the large tonnage of construction material carried at nomi-nal rates during the year previous, the actual commercial ton-

nage showing an increase. The tariff of both passengers andfreights was well maintained during the year, with the excep-tion of the reduction of the passenger rate in Texas from five

to three cents per mile, as required by the statutes of thatState, and which it was thought best to comply with, althoughadvised by attorneys that the charters of that State protectedthe companies in Texas. During the last three months of theyear we were short of locomotive equipment, which should besupplied this current year.

Arntt 14, 1888.] THE CHRONICLR 423

" BETraBMESTS.

" Tht» cost of all Improvements and betterments npon the

oporated roads was charged to 'operating expense,' there being

no improvement or betterment acconnt opened for that pur-

pose, and no expenditure wao nharged to ' construction' exwpt-

ius; the first cost of the new roads constructed with their ."((uip-

mer.t. On the Mo. Pacific, the second track from St. Louis to

Lacl.de (Smiles) was completed with steel rails, ballast andiron bridges, and the cost of simo was charged to 'operating

expense.' There were, therefore, included in the operating

exp-nse the following amounts expended for improvements or

betterments and extraordinary expense: Mo. Pac, f40!).7!i9 i

C. B. V. P., $8,212; M. K. & l', |120,210; I. & G. N., ?70,.574 ;

T. & P., ?.143,311 ; St. L. I. M. & S.. <S377,321; total, $1,039,297.

"STEEL BAIL.

"At the close of the year the main tracks contained the

following number of miles of steel rail : Mo. P., 718; C!. IV U.P.,

5 ; Mo. K. & T.. 605; I. & G. N.. 356; T. & P., 221 ; St. L. I. M.& 8u., 689; total, 2,684.

0OX8TRUCTION.

The only construction in progress at the close of the year

was that upon four branches, having in all but 41 miles to

complete.LAND DEPAKTMEST STATISTICS.

The following are the statistics relating to the land gracts

of the different companies :

^St. Lovin Iron V.Mo. Kan. it Soui^.B'u>ay-^ Trxus it

rf Texat Missouri Arkunsus I'uciflc

X'wau. Div. l)iv. ll'wii .

Totnl nunihor nprce originally. 663,709 139,375 1,368.798 4,931.702Nniiilieiacios8old(luiiuKl8S2. 94,481 4,551 20,851 71,051Av,-iaKiMiii<fi per acre, 18r*2.. $2 10 $3 84 $3 47 $2 12No. inr.s uiisoia Dec 31, 1882. 30.053 ni',357 995,943 4.721t,042

Total aiirt of k;>109 (luring 1882. $229,212 $18,319 $95,;i59 $207,718(-M-h r,ii iiiil.tlHJlip 18s2 124,.=i40 13,023 106,291 1(!;!,S70.N lalilnrtlulllK 1882.. 153,768 14,071 76,029 53.303

'c KKiiu'f couiiirnrt. 1,907,979 102,027 973,567 567,892(, i!>8KiiicPconiiii'nrt. 1,111,114 51,922 357,918 49."i,735

Kous rtieivablo Deo. 31,1832. 270,690 32,098 549,797 66,760

The Statements of income account for the year and the bal-

ance sheets as of Dec. 31, 1882, are given below

:

THE HISSOCUI PACIFIC RAILWAY—IXCOME ACCOUNT, 1882.

To accrued interest on bouda $1,598,389Taxes 148,.573Rental account leased lines 96,000Divldinds paid 1,946.419Sundry amounts paid 100,746Balance to ciedlt ol Income account Dec. 31, 1882 4,635,161

$8,525,291

Surplus earnings 1882 $3,766,982Wail. A Carond. T. * Ferry Ck). earnings $102,988Lees expenses. 1882 56,531— 46.456Dividends received, &c' 526,662Sundry amounts received 127,433Balance ot income account Jan. 1, 1882 4,057,756

$8,525,291

* Not Including any dividends from St. L I. M. & So.

THE MISSOURI r.VCIFIC RAILWAY—FISANCIAL EXHinrr, 1882.

To cost of road and equipment, &o $39,298,900Supplies and material on hand 624,117Advances to roads under construction

—

Trinity & Sabine Ry.—Trinity, Tex., ea8tward.$286,701Donipliau lirancli, St. L. I. M. & So Ky 199,242White River Branch, St. L. I. M. <fc ,8o. Ry 223,497— 709,441

Investment in stocks and bonds 20,856.311Balances—Uncollected earnings 202,579Cash on hand 1,238,990

$62,930,340

By capital stock (Including ezclianBeB for Iron Mtn. stock). $29,958,900Funded debt- (See Sui'PLEMEKT) 25,379,000Interest due and accrued

—

Due and uncalled tor $28,894Accrued, but not duo 440,078— 468,972

Vouobers, Dec, 1882, payable Jan. 15, 1883 2,395,919St. Louis BridKe & Tunnel Co.—Surplus curniugs .' 51,000Hospital account 41,336Balance of income account, Dec 31,1882 4,635,161

$62,930,340

MlSSOtmi KAKSAS AND TEXAS RAILWAY—IKCOME ACCOUNT, 1882.

To accrued Interest OB bonds $2,378,821Taxes 110,516Rental Fort Worth Mne 42,534Sundry amounts paid 38,008Balance of income account, Jan. 1, 1882 4,184,640

$6,754,521Surplus earnings 1882 $2,265,477Sundry amounia re«;ived 206,76iBalance to debit of income account, Deo. 31, 1882 4,282,281

$6,754,521

SIISSOCSI KAKBAS & TEXAS RAILWAT—FIKANCIAL BXEIBrr, 1882.

To balance of income acconnt, Dec. 31, 1S82 $4,282,281Cost of railroad and equiiiment, 1,303 miles 67,054.228Supplies and material on liaud (cross ties) 22,740Invcslment in stocks and l>onds 16,89'.i,203

Duo from sundry railroads and individuals 1,100,115Duo from U. S. (Jov't account transportation 6,455

Cosh in hands of II. B. Hcnson, Treasurer 8,742

$89,374,067By capital stock-Common $46,405,000

Capital stock—Preferred 12,468—$46,417,468Funded d(l)t-(SKC SriTi.KMENT) 40,713,717Interest due and accrued 1,403,182Net proceeds of operations of laud department 802,237MUccUoueous accounts payable 37,302

$39,374,067

nrrKRilATIONAL ,t ORRAT .XOHTUUM KIL-aiCOlUe ACOOUHT, 1883.To accrued Interest on bonds $1,119,0.'^7Taxes 2.'j,.''»78

Rental Colorado Klver bridge lo.looSundry amounts paid 80,000Baluuco to credit of iuoome acooont Deo. 31, 1882 3,101,07!V

94,286,423Surplus eamluga 1882 $1,006,900Sundry aniouuts received 67,071Balance Income account January 1, 1882 3,212,449

$4 286 423FINANCIAL EXnimT DEC. 81, 1882.

To cost of railroad and equipment $27,779,900Supplies and materialon band 90,857I n vest men t in sttM'^k.** and bonds 247JV42'Due from sundry railroads and Individuals 36,728Cash in New York. 3,189

$28,158,169By balance of Income account Dec. 31, 1882 $3,101,075Capital stock 9,755,(X)0Funded debt 15,O08,0O(XInterest dm? and accrued

—

Due and uncalled for $25,583Accrued Imt not due '. 215,783— 241,368^Duo to sundry railroads and individiuvls 52,72A

$28,158.16»ST. L. IRON MOUNTAIN ,«! SOUTH, RAILWAT—INCOME ACCOUNT—1882.

Accrued interest on bonda $2,248,978Taxes .• 94,468Sundry amounts-

Car trust expense $76,682Baring cro.is bridge exirense 53,U99Interest and exchange 64,942Discount, Government de<luationa and other itemspaid 209,869— 40.J,194

Balauceof income account Jan. 1, 1883 l,199,79-.2

$3,948,434Surplus earnings 1882 $3,73"),620Dividends received, <fco 49,264Unclaimed wages and vouehcra canceled, and sundryamouu ts received 53,62S

Balance of income account Dec. 31, 1882 109,921

$3,948,434

ST. LOUIS IRON MOUNTAIN A SOtTTIIERN RAILWAY-FINANCIAL EXJIIBITDECEMBER 31, 1882.

To balance of income account Dec. 31,1882 S109,921Cost of railroad aird equipment 51,164,895Supplies and material on hand 209,333Advances tu roads 27,463United .States land grant in Arkansas $3,018,280United States land grant in Mi.ssourl 196,171— 3,214.452Investment in stocks, bonds, &o 1,333,984Due from sundry railroads, &c 1,518,032Due from United States for mails 42,041Cash in New York 27,439

$57,647,566By capital stock $22,084,065Funded debt (see Supplement) 33,929.901rntcrcst due and accrued 1,311,376Sundry accounts payable 11,562

Bills payable

—

New York $197,985St. Louis 93.456Real estate 13,384— 304,926Employea' home .'. 5,814

$57,647,566

TEXAS & PACIFIC RAILWAY CO.'S GENESAL BALANCE SHEET DEC. 31, 1882*Dr.

Construction, 1,390 miles $51,672,623Interest scrip issued in 1879. 1880,1881 J 2,904,356Cash and accounts collectible 1,112,095Securities in Treasury (face value $1,376,214) 1,072.687Material on hand ., 190.145Real estate 26,989lermlual fMCllities, New Orleans 1.8S9,989Capital stock New Orleans Pacific Railway Co 6,676,500Gordon coal mine i»urchase 92,998Pan Diego land donation 19,459Insurance fmid 23,293Sinking fund first mortgage E. D. bonds 96,490Income account $1,212,062Add accrued interest on bonded debt 654,470— 1,568,532

$75,614,163

Capital stock $32,145,200Bonded debt (see SUPPLB.MEXT) 41,715,000Texas school fund loan 172.773Interest scrip—Redeemable in land or stock 009,090Interest scrip—Old bonds 595'

Fractional bond scrip—Income bonds 17,3814

Land Department scrip ^'^"iAccounts payable—Unpaid coupons 20,130Suspense account i'?52Accrued interest on bonded debt, not due 654,470

$75,644,163

Chicago Bnrlington & Qnincy.

(For the year ending Deo. 31, 1882.)

The pamphlet report supplies the following information :

STOCK AND DEBT.

The capital stock at the date of last report was $55,263,700Issued during the year as follows— , „ ,,^«

Inexclian^'c for stock of B. & .M. R. RR. in Neb J-^'2??In exchange for stock of B. & .M. R. RR. (Iowa) "'SXXIn exchange for securities of K. C. St. J. & C. B. HR 20OIn exchange for stock of Republican Valley RR i'o f*o!2JFor shares sold under circular of June 1, 1882 6,318,600

$69,573,300Less adjustments 7l,3ia

Aggregate of capital stock on Dec. 31, 1882 $69,649,696

The funded debt at the date of the last report, including the .

contingent liabilities of branch roads, was ^»,iaa,7<»There have been Issued during the yeai- bonda as foUowa—

424 THE CHRONICLE. [Vol. XXXVt.

==JC. B. A Q. sinking fuud 4 per cent bonds, payable in 1921

,

issiiert toi- B .liiiiijtou & Soutbwestern RR $4,300,000

C. B. & Q. sinking finid 4 per cent bonds, payable in 1922,fDenvir Kxtension) 7,968,000

C. B. & Q. 7 iier cent bonds, payable in 1896—correction in

1882 of an under credit to this bond account 2o

B. A M. K. RR in Nebraska consolidated mortgage 6 per centbonds, issued in exchange lor bonds of brancli roads 33,800

$12,301,825Pnrchases for sinking fund, conversions, &o., and cash for

$2,441,-500 bonds maturing Jan. 1, 1883 2,77 6,500

Ket increase of funded debt during tbe year $9,525,325

Total funded debt Dec. 31,1882 $63,648,050

Wliole amountof st'k and b'ds outstanding Dec. 31, 1882. $138,297,746

SDMMAUY OF FINANCIAL CONDITION DEC. 31, 1882.

Permanent inrestraent in construction $133,493,120MateriRls on bai.d 2,57o,99bAmount I eld for account of sinking funds in otber tbanour own canceled securities 4,609,346

Cost of investments in Kansas City St. Josepb & CouncilBluffs, llumeston & Sbeiiannoah. 8t. Joseph & DesMoines. Clueago Burlington & Kansas City, St. LouisKeokuk & Northwestern and other branch road securi-

ties -• l^'Si^.JOSSundry investments 408,177Sundry bills and accounts receivable, securities, &c.,

(over and above bills and accounts payable and sus-

pendeddebte) __^^^!!:^$161,649,687

Against which stand-Capital stock $69,649,696Bonds of all issues (includiugthose of branchroads) outstanding 68,648,0.50- 138,297,746

Showing cost of property in excess of stock, bonds andall other Uabilities $23,351,941

LENGTH OP ROAD.

The number of miles of road owned and leased by the com-pany at the beginning of the year, inoludiug all branches,was 2,826'03

Add for roads leased and operated Jointly with other compa-nies, and roads for which a llxed yearly rental is paid 9829

Total number of miles operated by the company Jan. 1, 1883. 2,924-33

There have been added during the year :

In Illinois

—

The Joliet Rockford & Northern, from Sheridan, on the FoxBiver Branch, to Paw Paw, on the Rock Falls Branch, com-pleted and opened for business Nov. 27, 1882 19'58In Iowa—

The Clarinda College Springs and Southwestern, from Clnrindaon the BrownviUe *fe Nortiiwa.y Valley Railroad, to Nortiiboro,where a connection is made with the Tarkio Valley Branch ofthe K. C. St. J. & C. B. KR., completed and opened for busi-ness July 10. 1882 17-96In Nebraska—

From Ciilliertson, on the Republican Valley RR., west to tlie

Colori«lo State line, completed in 1881, but not opened forbusiness until May 29, 1«S2 6902

i'rom Auburn, on the Eastern IJivision of the Republican Val-ley RR., west to Xecumseh, opened for business August 3U,1882 23-12In Colorado—

The Burlington & Colorado Railroad, from the east line of theState of Coloi-ado, west to Denver, completed and opened fort)U8lnes8 May 29, 1882 174-89

• Total number of miles operated by the company on Deo. 31,1882 3,228-90

Average number of miles operated during 1882 east of the Mis-souri Ri ver 1,950-75

West of the Missouri River 1,148-08

Total 3,099-43

* In this mileage are included 98-29 miles of road leased and operatedjointly with other companies, or for which a llxcd yearly rental is paid.

NEW CONSTRUCTION AND EQ^Ir^IB^T.

There has been expended for new construotion during theyear:Chicago Burlington & Quincy and branches In IllinoiaSt. Louis Rock Island & (,'hicago

Chicago linrlini-ton A: Qniiicy and branches in Iowa...B. & M. R. RR. in Nebiaska and branches

803.174

899.43R402,005

On account of new lines in Nebraska and Colorado 12.194,810

$14,4(i3,207233.127Bond account adjustment .'

jk

Total new construction $14,230,080Equipment—

The cost of new equipment added during the year was $1,589,128

Total construction and equipment. $15,819,2ij8

"The average length of road operated in 1881 was 2,822miles, and in 1882,3,100 miles, an increase of 278 miles. Inaddition to this mileage, the company controls, and practicallyowns, 700-87 miles of railroad, consisting of the St. LouisKeokuk & Northwestern, 185-1 miles ; the Chicago Burlington& Kan.sas City (old Burlington & Southwestern), 1526 miles

;

the Kansas City St. Josej-h & Council Bluffs, 313 17 miles ; theSt. Joseph & Des Moines narrow gauge), 50 miles ; also a halfinterest (the Wabash St. Louis & Pacific owning the other half,in the Humeston & Shenandoah, which is 113 miles in length.All of the.se roads continue to be operated by the coiporationsownii'g them ; and neither the earnings, expenses, statementsof rolling stock, nor other figures relative to them are includedin this report. The return to us for what we have invested inthem consists, up to the present time, in the traffic they givens, and in the protect!, n afforded by their control. That theseproperties will, ultitnately, yield also a direct return out oftheir own earnings, there can be no good reason to doubt.They show, on the whole, a gratifying improvement in 18S2over the previous year; and the Kansas City St. Joseph &Cioancii Bluffs line shows a net surplus for the year, after

meeting its interest and sinking fund charges, of $346,695^which has been used to pay off a float;ing debt, and in makingneeded improvements and additions to the property."The increase in gross earnings in 1882 over 1881 was $374,-

849, and in net earnings, $156,900. The gross earnings per mileof road operated in 1S82 were $6,953, against $7,534 for 1881.The net earnings per mile operated in 18S2 were $3,311, against$3,582 in 1881. Percentage of operating expenses to gross earn-ings in 1882, including taxes, was 524 against 52-3 in 1881. Thatthe year 18S2 shows any increase ol earnings is due to our lines

west of the Missouri River. Tliere has been a large falling off ofgross earnings east of the Missouri Rivar, due somewhat toincreasing competition, but mainly to the bad crop of 1881, nptonly giving us less grain to carry but affecting more or less

bu.siness of all kinds. In 1880 we carried into Chieaaro overforty million bushels of corn ; in 18S1 twenty-six million ; andin 1882, only fifteen million. This is of course exceptional, andwhile the tendency to more competition and lower rates is

inevitable, we may fairly expect, with the growth of thecountry, a more or less steady increase of general traffl;!. Ourloss of business east of the river has been more than made upby the large gain west of the river, not whollj' due to addi-tional mileage, but in part to the growth of the countrygenerally, which has had good crops and is steadily increasingin population and wealth." * * "It is worthy of remark, that,although the great tide of emigration from the east seemed to

be towards the New Northwest during the whole of the year1882, our land sales in Nebraska, nevertheless, show an increaseof over 100,000 acres, at an average price of $i 09 per acre", aaagaiast $4 57 per acre in 1881. The collections of the landdepartment continue to be reasonably good."

LAND DFPAETMENT.

The total acreage received under the land grant is 2,365,864acres, of which there have been sold to December 31, 1882,2,032,607 acres, for $10,439,640, an average price of $5 13 per acre.The gross sales for the year 1882 were 241,175 acres, for$1,024,536, an average price of $4 25 per acre, and the landsreverted 50,196 acres, representing $241,708, leaving as the netresults of the year's operations, sales of 190,978 acres, for$782,828, an average price of $4 09 per acre.

RECKIl'TS.Cash receipts for the year 1882 $1,433,791

DISBURSEMENTS.Preliminary expenses $15Taxes and tax expenses 51,34Lega 1 expen'ses 1 ,41Salarieo and oftice expenses 24.80Agencies, advertising and commissions 38,72

$116,75

12,688L""88 assets (disbursem'ts of former years) collected duringyear

Net disbursementsSurplus to Treasurer

$104,0661,329,721

$1,433,791ASSETS.

Contracts on hand $4,459,849-Interest on contracts on hand 822,230Due from tax deliuqucnis and other assets 45,989Town lots unsold— Wilbur & Firth 2,000'333,256 81 acres unsold lands, esiimatcd at $2 25 per acre. 749,827

The comparative statistics for four years, compiled for theChkonicle, are as follows :

ROAD AND EQUIPMENT.

Miles owned and leasedMiles operated Jointly.

1879.1,760

97

1,857

1880.2,675

97

2,772

1881.2,826

98

2,924

18823,131

99

Total operated 3,229

374210

10,8271,044

441273

14,7311,500

484297

16,9031,649

522Pass., mail & e.xp. cars.Freight carsAll other cars

35318,3441,830

OPERATIONS AND FISCAL RESULTS.

Operations—Passengers carried(No.)Tons carried (No.)Eitrninifs—

PassengerFi-eightMail, express, &o

1S79.2,421.2024,686,520

$2,566,6.5211.6.50,623

599,831

1880.2,800,1576,636,186

$3,534.20916,054,197

903,641

1881 1882.3.202.818 3,367,8986,710,750 6,340,259

3.616,080 4,750,992ie,.595,819 15,711.5101,112,245 1,534,802

Total gross earnings...Operating expenses—

Mainten'cc of w.iy, &c.Mainteu'eeof equipm't.Ti ansportat'n expensesMiscellaneous

14.817,105

1,752,2781,488,0083,927,649

60,227

20,492,047$

2.528.0191,632.4165,144,338

58,131

21,324,150 22,003,304

2,845,705 2,800,1471.841,937 2,089.0895,741,740 5,535,656141.976 243.449

Total 7,228,222 9,362,904 10,574,357 10,668,341

Netearuings 7,588,883 11,129,143 10,749,793 11,334,963

INCOME ACCOUNT.1879. 1880. 1881. 1882.

leecipls— $ $ $ *Netearuings 7,588,883 11,129,143 10,749,793 11,334,903Net B. & M. land grant 899,315 1,170,437 1,329,725

7,588.883 12,028,458 11,920,'

203,0063,282,718441,590

4,366,064563,385

310,6683,430,454492,154

4,349,286687,246

30 12,664,688$

148,7713,883.789

615,6-225,023,599631,443

Total incomeIHsbursemeiits—

Rentals paid 179,093interest on debt 2,110.938Taxes 328,844Dividends* 3.081,985Carried to sinking fund. 230.493.\ccount8 written off 423,085Trausf'd to renewal fud 1,000,000 1,250,000 1,000,000 750,000

Total disbiirsements. .. . 7,354,438 10.106,763 10,269,808 ll,053,-224

Balance, surplus 234,445 1,921,695 1,650,422 1,611,464

• In 1879, 8; in 1880, OH; In 1881, 8; in 1882, 8.

AritiL 14. 1S83. THE CHRONICLR 426

OBNBKAt' DALANrlt AT CI.OSK OF lACn rmCAI. TEAR,1871). 18S0. 18H1. 18S2.

Aanet$— IB IP v '**

R»lli-<l, nqnlpnrt. *0..60.2U,013 10n,r.!IO,188 IIT.SJT.OI* 13:).41»:i.l2I

SliMikH ,nviii-<l. riwt 4.540.6fl8 'lO.-.BI.OnS •liLiMM.:;!:)

Hill.. ,V a. (••mrco'viiblo 1,304,710 3,520,158 i!,«ll,i:t3 li.OS-'.Dl.'i

MbI.iIiN, fiiul, Jio.. .. 75:t,581> 2,074.740 1,'J9.-.,1I)0 2,57:.. 'Hill

Cu^lMMi liHiKl 5'Ji>,««l l,005,'i78 l,7'tl,127 42.>*4<l,(iiiO

Tni»iir» It. A M.rdirr. l,(!!l.'),«42 2,',!2;t,110 2.140,2:17 a,i:)7.M'.),'5

Tiii«l.-.sr. 11.4 Q,».7cl. 1,273,115 1.2H4,oo7 l,0:tl,407 1!I-,7I4

N.i:ii;:.li-. Co.,tru8toe8 &00,207 840,708 l,2.-jr.,i:i;i

MUcilluiioous lM.r>03

Total 74,801,229 123,104,336 138,730,051 166,B31,;W0

hvibiUtita— 9 $ $ $StiKik, loiiiiiinn 30.883,(tOO 52,77:<,010 55,2<13,790 60,578,.) 10

Block, II .V M 120,8.50 74,2."i0 73,«J7 71,;i.''>(i

StiHvk, KrimhlUinnVftl l,5tt.\000

Bd«. (^c.uSiiiTi.KMKNT)27,270.225 44,Oi)3,!i2.^ 51,927,725 02,42 l.ii.V)

Biiikliih' fiiiKls 2,!iO:t,OH(> 3.9".H,73.'> 4,70ii,il(il 4,(117.()71

Coiillrii:<'ntlliihllltlc'«. 3,'::i3,(l00 10,:12I,8(K) 7,;i).-.,(Hi0 0,227, liOO

IjimlnnmtHliik. fund, 2,l(i4.(>l.'^ 2.7!)0,370 3,llli.8J4 4,02:1105Incoim- iKOOimt 4,410,203 t 119,4 M) l,7(in,S37 Ci,U.-i2.7><8

Koiic.wiil fund 2.000,000 3,2.M»,00O 4,2.J0,000 5,0Oii,0(K)

MUm-llxnt'onH 1,673,582 ^,720,704, t\38I,174 || l,35J,(i22

Prutlt and loiw 76,«02 3.7.18,207 4,001,306 S,S«8,048

TotiU 71,801.220 12>,404,3,^6 138,730,051 105,831,380* KHn. C. 8t. Jo. A C. Kluffw nnil i>tU<ir sccuritUs, held to pi-otOf^t leiiscs'

and Heoiirltlcs I'occlVKd fioin (;. H. .V Q. BliiUlnj; fund.1 RwlUi'cd 1>V tlMI iHSUl! of ifO,21'J,.');)i) of Hlook.

J In<'ludiK(<riliKoiliition uncUr cMienliir of Sept. l.'i, 18S1, $1 ,n73,7,''>0:

unpaid uccouulH, *c.,*1.5l3.2.i0: unpaid rnntals, &c., $000,01)9; local

aid and volnnturv (',«nti'll>nli(>nR. $1.24'l,:ill, c&e.

S ijij,4 1 1 S>0:< of tliiB \* to jiH.v liondR due Jan. I, 1883.Q Inc'ludCH iiiicluluit d divulcnds, unpaid accounts, pay-rolls, &e., &c.

Chicago & West Michigan Railway.

(For the year ending December 31, 1882.)

The annual report of the board of directors says that durinjf

the yvKT 1882 there was charged to construction—extension fromNew Buffalo to LaCrotwe, and other items, 1653,229, and equip-ment, $')4,543 The fundx for which have been provided fromthe Bale of the forty-year 5 per cent bonds of the company.Since Jan. 1, 1883, 1264,000 Chicago & Wei«t Michigan RailwayCo. forty-year 5 per cent bonds, dated Dec, 1, 1881, have beenissued on account of the cost of southern extension to Lacrosse,

mailing the total issue to March 12, 1883, of this clasi

of bonds, $2,417,000, from which there has been realized

$2,283,635, Some of the principal items for which the pro-ceeds of these bonds have been issned are as fjUows : GrandRapids Newaygo & Lalie Shore Road, $:3S5,000 ; Grand HavenRoad, $680,000 ; Muskegon Lake Road, #33,600 ; White RiverRailroad Co. 8 per cent stock, 1,010 shares (formerly leased to

this company at 8 per cent per annum), $126,250 ; $169,.^00

Grand Rapids Newaygo & Lake Shore Railroad Co. 7 per centbond.'). $16i<..'')00 ; eitenNion from New Buffalo to LaCrosse, 37 8-10miles. $5S9.177; extension from Grand Rapids, 1 mile, includingbridge, $70,184 ; extension from North Muskegon, 2 miles,

$4,934 ; extension from Port Sherman, $2,469 ; equipment,$152,199; total, $2,213,315. The report sayn in regard to thegeneral policy of the company that it " was originally designedas little m>re than a feeder of the Michigan Central. Built in

the interest of that company, and with a traffic guaranty fromit, it was intended to connect certain points on the eastern shoreof Lake Michigan with Chicago, by means of the MichiganCentral tracks. It Ls unnecessary to say that in its results theenterprise wholly failed to meet the expectations of tbose whoprojected it. The original company ceased ten years ago (1873)to pay interest on the bonds issued to construct the greater por-tion of its line, and it had already then become apparent that,

if the road was ever to bo made even moderately remunerative,it must be through some radical change in its original plan.Chicago is, and mu.st always continue to be, its terminal point."• * * " Mainly through energetic local management andcareful expenditure of sleider rescjurces on the part of theGeneral Manager (Mr. ICimball), the property was saved fromcomplete loss. How great the danger of that loss was is bestshown in the traffic figures of the year 1877. In that year,operating 216 miles of road, the gross earnings of the companywere only $488,000, or Less than $2,000 per mile. The revivalof business in 1879 at last made it clear that the property wasno longer in danger of proving a total loss. It then remainedto secure or develop new business. That which already existedwas not enough. This could be done in either or both of twoways. The road might be extended into new lumber districtsthrough the construction of branch r^ads or feeders, or renewedeffort could be made to secure for it a portion at least of theshipments from Lake points. The amount of the last wasenormous," * * » "Carefully matured efforts are nowbeing made to secure a share of the lumber shipmenis fromMuskegon and Grand Haven to interior pjiats ; and in conse-quence of the measures already taken, these shipments havebeen increased from ten million feet in 1877 to over seventy-two million io 1382. Meanwhile it is proper further to say thatall improvement hereaf-er to be seen ia the value of theChicago & West Michigan road must, in tlie opinion of yourdirectors, arise from an inciease in its earnings ; it cannotreasonably be expected to c.)me from any decrease in the cost ofoperation, or in the outlay for renewals. The Chicago & WestMichitran is not a cheap road to operate." » * » •• Xhe pro-spective value of tde property is. therefore, a simple questiou ofgross earningi. As th-) gross earnings per mile increase, the pi;r-centage of net earnings should also increase. Oa earnings of$2,00) per mile, for instance, there would, for the Chicago &West Michigan road, br> no margin of profit at all. Th-) wholewould be consumed in operating expenses. From gross earn-ings of $3..500 per mile, skilful management and severeeconomy might exact twenty per cent of not profit. Could,

however, the earnings pec mile, m a result of the devnlop-ments which have now been completed, be carried ap to |6,000per mile, not less than thirty per cent of net earniaga might,under ordinary uiroumstanoes and at present rates, bn reason-ablv looked for, and the company could then, with fixed chargesno larger than they now are, afford to pa/ at leaiit six per centannual dividends on its stock."Comparative statistics for two years, prepared for the

Chbodiclb, are as follows:ROAD.

1831. 1882<Mllcwowncd 354 305Mllonloasod 13 17

Total operated 867 4tO

OrERATlONS AND riSCAL BSSVLT*.

Olieralioni— 1881. 1882.Pa».«i-hKf!i» carried 011,980 0'.'3,31RKrclKlit (tons) moved 387,843 41:1,798KrciKlit (tons) nillcn^e 43,455,410 60,5(10,301AvcniKo i;Uc per ton per mile 20:;0 ota. 1089 ots;

Earninga— . $ $Pimsonmr .; : 401,428 4.58,949KrelRlit 877,03« 095,674MaU, express, &0 45,088 48,810

Total gross earnings 1,325,052 1,503,433Opcralitig expenses— 8 $

MaljiUMi.uico 454.5*5 336,727Movement 309,978 470,434Biallon exponsos 81,930 105,132Qeueral expeusoa and taxes 118,511 135,40,5

Total 1,054,980 1,047,788

Nctcarnings 270,072 455,645

Per cent of operating expenses to earnings 79'61 69'6ls

DICOME ACCOUNT,1881. 1882.

Reeeipts— 9 •Netoaraluxs 270,072 455,645Other receipts 2,325 7,068

Total income 272,397 462,713TUsbursemenls— $ $

Interest on debt 117,756 191,423Dividends 153,580

Total disbursements 117,756 345,003Balance, surplus 154,641 117.710

OENERAL nALAKCE AT CL08B OF BACU FISCAL TBAB.1831. 1882.

Atsels— 8 9Railroad, buildings, Ac 8,037,413 8,720,673Eipilpnuint 763,499 818,043Stocks owned, cost 6,198 6,198Bills Rud aceouDta receivable 724,477 186,907Materials, fuel, &c 54,087 104,274I ash on liand 15,8'J2 40.701Charles Merriam, Trustee 616,360 742,610Miroelianeous items 24,213 43,760

Total 10,242,099 10,663,166Liabilities— 9 9

Stock, common 6,796,800 6,796,800Funded debt (see Supplement) 3,O87,.5O0 3,2:i9,50OAccrucil coupon interest 45,60S 49,261Bills payaljie 95.000Unp.iid vouchers .*- 157,517 122,244Miscellaneous 33 88,011Income account 154,641 272,350

Total UabiUties 10,242,099 10,663,166

St. Panl & DnInth Railroad Co.

(For the year ending Dec. 31, 1882.)____,^_—The annnal report for 1882 states that " the increase in the

business and ea.nings of the road was made possible by thereplacements and renewals of the track, and the additional

rolling stock we have been able to secure. The renewals oftrack by steel rail up to Dec. 31, 1881, amounted to seventy-seven (77) miles, leaving: seventy-seven (77) miles of old iron to

be relaid with steel. Of this we have only been able during thecurrent year to provide for relaying thirty-eight (33) miles,

leaving about thirty-nine (39) miles yet to be provided for." * *

" An arrangement has been agreed upon, which will donbtleea

be consummated, by which our company acquires a lease ofthe Minneapolis & Duluth RR., extending from White BearJunction to Eist Minneapolis, a distance of twelve (12 1 miles,

the rental being a per centum of the gross earnings, to be paidupon the business l03al to these points." » » »" The Grantsburg Branch is all graded and ties distributed,

and th" pi-rs for the bridge over the St. Croix River oon-structed. We are under an agreement to complete this branchby the 1st of September next, which, when completed, will

furnish a fair local business and be au important feeder for themain line." * * *

" The proceeds of the mortgajre bonds issued under the pro-

visions of the trust deed of July I, 1881, amounted to the sumsfollowing, and were disposed of as follows, to wit:

One thousand bonds of $1,000 each •'•0?2'?*XPremium S'i'iSluteiesC on balances to Dec. 31, 1881 ll___

91,019,836Floating debt '"S?-"^(>uarantco trust 35,210.Steel rails *VJ"J^KiiKraviiig, advertising and aelllug bonds

on'kUrtTwo loconiutives S?*99xFreiirht cars °.'nX^ on lanCenllleaUon of bonds and resistry of stook 1,365— »H.1M»

Balance Dec. 31,1881 $aO«,74«

426 THE CHRONICLE. [Vol. XXXVI.

"The balance of |208,746 unexpended Dec. 31, 1881, has been

applied to betterments of road and equipment."The following betterments shows the number of acres and lo-

cation of the land still owned by the company:

Acres on liand Dec. 31. 1881 1,267,B96

Add cancellations of land contracts daring 1882 1.64(

Land received from State of Minnesota, Oct. 10, 1882 3,116Land received from State of Minnesota, Nov. 18, 1882 1,301

Total "274,063Deduct land sales for j-ear ending Dec. 31, 1882 12,588

Amount on hand Deo. 31, 1882 1,261,473

COMPAEATIVE STATEMEKT OF KiKNINGS ASD OPERATING EXPENSES POU1881 AND 1832.

Grons earnings. 1881. 1832. Inc. Bee.

Taylor's Falls &L'keSap'rearn'9 $8,539 $ $ $3,539Passenger 175,252 290,767 115,485Freight 476,710 758,257 281,547Express 8,646 10.838 2,242Mail 7,380 8,til4 1,263Miscellaneous 3,571 11,073 7,502 ^.----Rental 52,500 33,203 22,291

Total $732,630 $1,109,840 $408,041 $30,830Tot. oper. expenses & taxes 586,350 758,241 193,690 21,798

Net earnings $146,280 $351,599 $205,319

Panama Railroad Company.

(For the year ending December 31, 1882.)

The annual report saj^s : " The results of our operations for

the year 1882 show an increase both in freight and passengertraffic that is quite satisfactory. Our operating expenses, how-ever, have been increased in proportion to the freight handled

and bv the increase in the price of labor fully 2.5 per cent. Theoutlook for the present year is encouraging'. The operations

of the C'ompagnie Universelle du Canal Interoceanique havegiven us a large increase in both local freight and passengerbusiness, which is constantly increasing, and at present is tix-

ing to its utmost the rolling stock and motive power of the road.

About 14,000 tons of freight were transported for the above-named company during the past year, while for January andFebruary of this year we have transported for that companymore tlian double the amount of freight and passengers that

we did during the same months of 1882." * * * *

I " The shipments of coffee, indigo and rubber, and so also as

to sugar, except for the ye ir 1880, were in excess of any pre-vious year. The falling off in shipments of bark, cotton andcocoa is due to the troubles between the republics on the westcoast of South America, which has greatly reduced our businessfrom that source. Their industrial condition is deplorable atpresent. There has also been a decrease in the freight trans-

ported to Central America of 1,303 tons, but the exports fromthese republics via the Isthmus route exceed those of 1881 by3,142 tons. Freight from South Pacific ports has decreased,being 2,042 tons less than in 1881 and 9,180 tons bel )w that of1880. There has been a slight increase of freight from Eu^-opeand the United States to these ports, amounting to 1,303 tons;

but from the present outlook we need not expect any immediateincrease in our business with these ports on the West Coast."The report gives no general balance sheet, but the other

statistics have been compiled for the Chronicle, as follows :

KOAD AND EQUIPMENT.

Miles operatedLocomotivesPass.. mail& express cars..Freight cars

1879.

481328

410

1880.

481421

481

1881.

481421

460

1882.

481625

560

OPEEATIONS AND FISCAI- RESULTS.Operations— 1879. 18bO. 1881. 1832.

Pas'engers carried 23.729 26,801 52,113 127,616Freight (toils) moved 161,743 167,4J2 168.615 194,550Earnings— $ $ $ $

Passenger 142,709 148,178 200.748 224,152Freight 1,551.683 1,502,398 1,760,099 1,845,75«Mall, express, etc 12,36s) 12,016 11,759 26,722

Total gross earnings. ..1,706,761 1,662.592^1,972,60612,096.633Operating Expenses— $ $ $ $

Transportation expenses... 46.1,169 608,274 47^,29 1 730,764Miscellaneous 41,448 39,688 45,293 101,189

Total (Including taxes). .504,617 617,962 523,.'592 831,953Netearnlugs 1,202,144 1,011,630 1,449,014 1,264,680

INCOME ACCOUNT.1879. 1880. 1881. 1882.

yi^pp i'^ifs-'^^ Si ft* *?* ^Neteai-nings 1,202,144 1,014,630 1,449,014 1,264,680EentaU and Interest, etc... 251,392 264,230 217,681 161,311Discount on subsidy 166,667Other receipts 195.213 184,183 181,081 196,401

Totalincome 1,651,749 1,629.712 1,817,776 1,622,392Disbursements— $ $ $ $

Interest on debt 270.853 270,747 450,604 448.349Subsidy bonds redeemed 45,000 47,000Drawbacks on produce 9,939 6,706 10,767 9,54'iDividends 910,000 1,120.000 2,398.200 875,000Bub. to Dist. Colombia, etc. 250,000 250,000 33,000 35.000

Total disbursements.. -1,410,792 1,>347,453 2,939,571 1,367,895Balance *210,957 117,74111,091,795 *354,497

* Surplus. t Doflclt.

Natchez Jackson & Coliimbn!; Railroad.

(For the year ending December 31, 1882.)

The President's annual report states that the assets of thecompany con.sist of 100 miles of road, rolling stock, right ofway, depots, land, cash, bonds and ledger balances, valued at$1,750,000. Cash on hand, bills receivable and Hinds Countybonds, 113,057. The funded debt is $201,900. The floating

debt is $170,561. The amount expended in construction andequipment in 1882, $253,411. Total ost of road and eqaip-m-^nt to date, $1,095,489. Forty miles of road w^re built ia1882, with depots, sidings, &8. "The company has paid its

interest and that upon the bonds of the city of Natchez, andmaintained its credit. We have received the entire amount of$200,000 in Hinds County bonds, and issued to that county acorresponding amount of stock. The company, it will beremembered, executed a mortgage on part of the r )ad for$200,000, which has been reduced to $174,400, and afterwardsanother mortgage for $600,000 on the whole line to .Jackson,

but after selling $27,500 of the bonds secured by this deed, it

was deemed best to negotiate no more of them. The balanceof the bonds under this last mortgage, $572,000, were placed inthe hands of trustees to be used so far as necessary in payingthe balance due on' the first mortgage ($174,400), and the$225,000 of bonds givea by the city of Natchez in aid of theread." * » *

" To consolidate our indebtedness at a low rate of interest,

pay off outstanding bonds, and the $225,000 of bonds of thecity of Natchez, which (except the $27,500 above named) arepayable at our pleasure ; the company has executed a mort-gage at the rate of $12,500 p^r mile on the road built and to bebuilt to Columbus, to the Farmers' Loan & Trust Company ofNew York, and have prepared and executed steel engraved,coupon 6 per cent gold bonds for the sum of ^61,250,000 atthirty years." » * *

" While awaiting the preparation and negotiation of thesenew bonds, the company borrowed $150,000 in good paper to bediscounted, on a nominal sale of stock (the same being subjtict

to re-purchase by the company), but really a hypothecation.This paper the company proposes to retire by sales of tha bondslast mentioned."

INCOME ACCOUNT.Expenses.

Operating expeuse-j $63,885Taxes on bonds r.. 908Legal expenses 313Interest ou coup. bds..&o 33.035Miscel. expenses 1,907Excess of earnings overexpenses to P. & L 130

Earnings.From passengers $24,344Fiomfreight 75.690From mail and express.- 2,093From other sources 2,061

Total $101,188 Total $104,138

BALANCE SHEET DEC. 31, 1832.

Cons'ruction $1,062,031Eiiuipniont 36.;i3LCash and other acc'ts.

.

29,77

1

Profit and loss 12,960

Total.

Capital stock $760,807Funded debt 201,900Bills payable and cur-rent accounts 170,361

Coupon interest accr'dto Dec, 31 7,825

$1,141,093 Total $1,141,093

GENERAL INVESTMENT NEWS.Baltimore & Ohio.—A mnrtgage deed was filed for record

in the office of the clerk of the Superior Court of BiltimoreCity April 11 from the Baltimore & Ohio Railroad Company to

William F. Burns, John Gregg and T. Harrison Garrett, trus-

tees. The deed is dated April 2, 1883, and recites resolutions of

the board of directors of the Baltimore & Ohio Riilroad Com-pany ordering the issue of bonds for the purpose of constrac-

ing a lateral road from a point on its main line from near Balti-

more City to a point on the northern boundary of Cecil County,Md., to be known as the Philadelphia branch of the Baltimore &Ohio Railroad. It will connect with the Baltimore & PhiladelphiaRailroad now being built through the State of Delaware, byway of Wilmington, and through the State of Pennsylvania to

Philadelphia. For this purpose the Baltimore & Ohio RailroadCompany has issued to Brown, Shipley & Co., of London£2,400,000 of bonds—12,000 bonds of £200 each—bearing dateApril 2, 1883, at i)^ per cent per annum, and maturing April 1,

1933.

Cape Fear & Tadkin Valley.—The stockholders of this

railroad have ratified the bill recently pas.sed by the Legisla-

ture, and the President has paid into the Treasury $88,ti75 in

payment for $30,000 bonds of the railroad and accrued interest,

and $55,000 in payment of the State's stock. The State

Treasurer has surrendered the bonds and given up the certifi-

cates of the State's stock.

Central Vermont.—The Boston Advertiser of April 4says : "The title of the new railway corporation which is to

succeed the Vermont Central and the Vermont & Canadi is to bethe Consolidated Railroad Co. of Vermont. Under the decree

of foreclosure it will probably acquire title to the property oneweek from to-day, and will no doubt be organized at once. It

is probable that the new company will lease the lines to the

present Central Vermont Co. to operate, thus availing of the

complete organization of the last-named company, and retain-

ing possession of the several roads leased to that company."

Cincinnati Indianapolis St. Lonis & Chicago —There wa»a mistake made in regard to the recent item published regard-

ing this company, that the directors decided to make a dividend

because there was a credit to the profit and loss account of

$32,000. It should have read $320,000.

Cincinnati Wash-ngton & Baltimore- ttirietta & Cin-

cinnati.—A circular from Gen. Orland Smith, President of this

company, dated Cincinnati, says : ''The organization of the

Cincinnati Washington & Baltimore Railroad Co. has been

completed by its acceptance of the deed conveying to it the

railroad and other property of the Marietta & Cidcinuati Rail-

road Co. as reorganized. The liabilities of the purchasing

AfiiiL 14. 18-8j

THE CHRONICLE. 427

I ill b." aiwuraedby this company, and remitUnoes will

I Mill' n<'C(irdiiiKly. All accouutH and buHiuetw on and »ft«r

All ii 1. 188a, will be in the name of the new corporation."

Dclnwiiro & Hudson Ciiniil Co.—The annual meeting will bi>

held May H. atuckholders will vot« upon a propi'.iition to iti-

orease the capiial Htiwk to $;{C),00(),OI)0 . the proceeds to be used. in retiring boud!4 of 1884, 1887 aud 1891.

Kransv IliMlnd.) rity Honls.—The result of the vote in

Evansvill^. Ind., on the iiueHtion of scaling the interest on the

city's Ixiuiied debt was favorable to the proposed reduction. It

la intendi'd to reduce the rate of interest from 7 to 4 per cent.

IndlannpoUs & ETunsville.—Suit has been entered in the

fiuperiir i;onrt at ICvaiisville, Ind., asking for foreclosure on

^1 .000.000 bonds of this company. The road recently passed

Into the hands of the Evausville & Terre Iliute Company.

Indinniipolis & St. Louis.—The directors of this railroad on

April 6 Hli'd a mortgage on the property to Albert G. Porter,

trustee for the bondholders, to the amount of |2,000,000.

Internntinnnl & (Ireiit Northern.—At the annual meetinglast week the stockholders condrmed and approved the leaie

«f the (ralvfst(m Houston & Henderson road, and authorized

A guarantee «f the principal aud interest on the $2,000,000 ofmortgage bonds issued by that road.

Kttnsns ('itjr Fort Scott St Gulf.—The Memphis extension is

completed to Augusta, Oregon County, Mo., 340 miles fromKansas City, and is to be completed to a connection with the St.

Lonis Iron Mountain & Southern at Hoxie, Ark., by June 1

next, where the line westward from Nettleton, Ark., will be met.

Lnnlayille & Nashri lie—East Tennessee Virginia &(jleorgl:!.—The piece of road has been finished at the Tennesseeand Kentucky State line connecting the Knoiville branch of

the Louisville & Nashville Railroad with the East Tennesseer<'ad. This makes a direct hne from Knorville to Louisville,

260 miles. On the Tennessee side, near the State line, are five

tunnels in one mile. The Knoiville branch cuts through largecoal fields, and new mines will be developed.

New York Cliica.'O k St. Louis.—The "Niokle-Plate" roadhas received an allotment of 10 per cent of the pooled live

stock tonnage eftst from Chicago. This company and Del-aware Lackawanna & Western are about to construct extensiveterminal faeiliii>-s in BnfTalo for their joint use, indicating aclose alliance of interests.

N. T. Pcnn. & Ohio—N. T. Lake Eric & Western.—In Lon-don, April 6, at the meeting of the bondholders of the NewYork Pennsylvania & Ohio Railroad, Mr. Lewis declared thatthe opponents of the scheme of leasing the road to the NewYork Lake ISrie & Western Hailroad Company had not secureda single proxy. Mr. Lewis's motion approving the lease wascarried with only four dissenting votes. The Erie will takepossession under this lease May 1. The terms of the con-tract provide that the New York Lake Erie & Western, asle^ee, shall pay the minimum sum of $1,757,055 yearly (the netearnings of 1882); the actual rental will be 32 per cent of all

!oHs earnings up to $6,000,000, and 50 per cent of all grossirnings above $6,000,000, until the average of the

whole rental is raised to 35 per cent, or until the gross earningsare $7,20(1,000, and then 35 per cent of all earnings. But if

32 per cent of the gross earnings should ever be less than the$1,757,0.55 to be paid yearly, then the deficit is to be made upwithout interest out of the excess in any subsequent year. Outof the reaial paid, the New York Pennsylvania & Ohio hasto pay the interest on the prior-lien bonds, the rents of its leasedlines and the expenses of maintaining its organization in Europeand Aroerii'a, amounting to about .^500,000 a year, and for five

years a payment of $2iib,000 a year to the car trust, which is apayment partly on capital account, as by the operation of the.se

Saymects the cars will be paid for at the expiration of the trust.

f the remainder of the net earnings, so much as " may be re-

quired" up to $100,000, by the terms of the first-mortgagede^d, may be set apart for additions and improvements to theproperty, and the balance is applicable to the flrst-mortgageinterest.

Ohio & Mhsissippl.—John M. Douglass, Receiver has madethe following statement for March :

RECEirrg.1882 1893

CasU on liniid M!ir<>h 1 $83,848 $47,lb4Beceivwl from Biiition ap^ents 38.5,517 5j0.454Becelvtd from iMiniliictciii) 11.921 10,S!)0Keoeiveil f roiu liKlivliluals. railroada, &c 60,063 70,-113Beoelved from Auioricau Express Co 1,024 (>-;6

Total $542,376DISnUBSEMENTS.

Tonohers previous to Nov. 18,1876 $46Voacliero siiiiseiiiirnt to Nov. 18.1876 224,035Bemit t«(l to New York to pay couponsPay-roUe 127,175Anearagps 801Caah on band Aprill 190,316

$005,847

$243n.:i3llO.OoO

119..5862,400

192,006

Total $542,376 $665,s47

Ballrond Constrnction (New.)—The latest information ofthe completion of track on new railroad is aa follows:

Chlc»({ii & (Jroiit Suutliem.—Extended from Veedorsburg, Ind., Boutlito Teddn. 7 nitlcfl.

Cincinn^iti Sc £u«tem.—Extended from Mineral Springs, O , east toEvati.H. 3 iiiil*!.^,

' \viiocling A Now York.—Extended from Pt. Pleasant, O..< ivill.', .*> ml'cs.

' V N.i»li\ l.lo.—The KnoxviUe branch la extended southwardto thu Xouuuaaoe state line, 7 miles. Oauge 5 feet.

Mlotugoii A Ohio.—Track laid from Hootelth, Hlob., MalwaHl IImllos.MlMourl KiiriH.'iH ,tc Texan.—A branch U oonipletod from Atokn, Tnd.

Tar., emit to I.iIiIkIi, s iiii>n<.

K,.i/i.r« I iiiiiiior (-'o.- Koiid oompletcd from 6oney,Oa., (oath bjrweit toI)r ', (in nis'' :i fiH't.

' lirlrlii ,t WrHtom.—A branch la completed from Climax,Ciu.. L t to OIntttnli'WchIn, Fla , 31 mllcii. UuiiKe, Tr feet.HUtux C'lly ic I'liclUu.—Extvndud truu Thatcher, Nub., west to Ulalr,

7 mllca.Hiiniiictri I'liilfi...—Tlio Colorado Division Is extended from Amboy,

Co' ITU, .'>3 iiitlci.

N' -A branch Is completed from Chelsea, Wis., weatto U.-i 1 :-..- 1.

TUiit In It iDtitl of 147 nillcs of new rnllrond. mnkli ° thaifur reported for 18'43. ugalnatl,.*) 1.5 iiillfa rjportiul ut i iidtngtime In 1882.778 mllcaln 1.8il.i(0l mlU^»lll 1880, 326 in ^,M,268miles In 1878 and 232 miles in Iti77.-K.lt. aaaeUe.

St LonIs & Cairo.-The stockholders held a meeting last

week in Chicago. The new company took possession of the roada year ago, and has put it in good order and made large im-provementH, and also earned sumcient m'jney to pay a dividendon the bonded debt. A dividend of 5 per cent upon the incomebonds, payable April 1, was declared.

St. Louis Ilnn. & Keoknk.—The St. Louis Hannibal St

Keokuk Railway, which is now finished from Hannibal to Troy,Mo., has closed "an arranijement by which the road will be com-pleted from the latter point to St. Louis within a year. It willcross the Missouri liiver about fifteen miles above St. Charles,at the point where the rocky bluffs line both sides of thastream, thus obviating trestle approachas. A construction com-pany has been organized, witn Q-eorge E. Green, formerlyPresident of the Burlingt<jn Cedar liapids & Northern Road, aaPresident, and the work will be pushed as rapidly as possible.

—

N. Y. World.

8t FanI Minneapolis & Manitoba.-Thia company givesnotice, under date of April 12, that

—

" The board of directors, for the purpose. In effect, of relmbnraingto. and dividing among, the stockholdcrr ' he cost and value to the ex-tent of $9,000,000 of large and valuable pi^perties and lines of railwayrecently acqviired by thu compauv, aud not cuvoreii by its existinginortgagos, and of extoneivo tmprovement.s and additions to its otherproperties, conferred upon Its stockholders of record May 1, 1883, thoprivilege of ao<iuiring consolidated mortgage 6 i>er cent 50-year goldbonds of the tionipany of a new issue lo tho amoiuit of 50 per cent ottheir holdings, at the price of 10 per cent of the par value thereof, pay-able on the Ist May, 1.SS3. Ou payuiont of tho 10 per cent scrii), re-colpts will be issued therefor to the Btockhohiers, exchangeable ou andafter July 1, 1883. for the said bonds, upon presentation iit th s offlce,in amounts of *1.000 or multiples thereof. The usual quarterly divl-deud of 2 per cent wosalso declared payable in cash on the 1 st .May next

.

Sionx City & Pacific.—The Sioux City & Pacific Railroad ia

completed and opened for business to Valentine, Neb. Valen-tine is the county-seat of the newly created county of Cherry,and is situated on the valley between the Niobrara River andthe Minni-Chaduza Creek, four miles west of Fort Niobrara.

Southern Central.—This company having acquired by leasethe Ithaca Auburn & We.stern railway on April 1, 1883, will

operate it as a part of the Southern Central Railroad.

Wabash St. Louis & Paelflc—The lease of the Wabash tothe St. Louis Iron Mountain & Southern Railroad in the interestof Missouri Pacific was approved at an adjourned meeting ofthe stockholders of the Wabash and the Iron Mountain com-panies held at St. Louis on Tuesday. This ratification is saidby officers of the Wabash Company to be simply formal. Thelaws of Missouri require that the written consent of a majorityof the stockholders of both companies should be filed in theSecretary of State's office before the lease can be legal, andthis will probably be obtained. The lease is for 99 years, andgives the Missouri Pacific practically the control of the Wabashsystem for the net earnings.

Western Union Telegraph,—The Supreme Court, in thesuit of Williams vs. Western Union Telegraph, to restrain thecompany from paying a dividend on the $15,000,000 of stock,sustains the decisioft of the lower court in favor of the plaintiff.

The case now goes to the Court of Appeals by appeal of West-ern Union, where it will be argued next week. In the meantimeit was announced that the dividend would be paid when due bvone of the directors of the company on his individual responsi-

bility, in the following notice :

"WiSTKRN Unio.n Divii>END.—In view of tliesevious inconvenience tomany ))frs(>n» from umliciou.s aud vexatious suit.s against th«< WesternUnion Telegraph Companv, I h.ivo arrangiKl witli the Mercantllo Trust(.'ompaiiy to advance to all stockholders of the Westei-u Union Teb-grapUCompany, on and after April 12. 1883, the amount of their dividends)iayable April 10. 1883, upon assignment to lue at the olliiw of saidTrust Conip.my of their right to receive the same. The portion of theJanuary dividend still unpaid will be arranged for in the same manner.New York, April 11, 13d3. J.VT Uould.

—The firm of Denslow, Ea-ston & Herts, bankers and stockbrokers, whose advertisement appears in the Chbonicle everyweek, have just opened a branch office at the Grand UnionHotel, opposite the Grand Central Railway depot. It is underthe management of Mr. Joel Benton, who has a wide circle o£friends and at-quaintances in New York and New England.The branch office is connected by private telephone with themain office. No, 70 Exchange Place, and furnished with a stock

exchange indicator.

—The Homestake Mining Company has declared its fifty

sixth dividend of $50,000 for March, payable by Messrs. Loons-bery & Uaggin, transfer agents, on the 25th inst.

—Mr. Austin Gallagher, Dreiel Building, advertises CanonCity, Colorado, Water Company bonds. See card in advertising

colnmns.

—The Long Island Railroad Company has declared a qiur-terly dividend of 1 per cent.

428 THE CHRONICLE [Vol. XXXVI.

commercialT epitome.Friday Nioht, April 13, 1883.

The weather has been springlike, except in more Northern

latitudes, but slow progress is made in re-opening inland navi-

gation, and thus to some extent the improvement in regular

trade is checked. Speculation, however, has increased with

the growing ease of money, and the tendency of prices has in

most cases been upward.

A Tery good speculation in lard has taken place. Prices

early in the week were irregular, but a good recovery took

place, only to be followed at the close by irregularity and

quietude. Pork has sold well on the spot but is a dead feature for

speculation. To-day mesa sold on the spot at $19@19 30, with

the outside price at $19 50; there were no prices for future

delivery. Lard was unsettled and inclined to easiness; prime

Western sold on the spot at ll-50@ll-52i^c.; refined to the Con-

tinent ll-50e. ; do. to South America ll-80c. ; for future delivery

the speculation was light to-day; May sold at ll'43@1146c.,

June ll-46@1153c., August ll-53@ll-55c, closing dull; May11-47@11 48c., June ll-51@ll-52c., Joly ll-52@H-54c., Aagust

ll-55@ll-56c.,Septemberll-55@ll'58c.,seUeryearl0-75@10-80c.

Bacon steady at 10?ic. for lonsr clear. Beef hams steady at

$22@22 25. Beef firm, extra India mess lS26@27 50. .Batter

is firm and the fine grades are not plenty. Cheese is stronger

at 13M@14/4c. for fine to fancy. Tallow steady at; 8%@8>^c.for prime. Stearine quiet, prime ll^c, oleomargarine 10c.

Kio coffee has advanced to 10c. for fair cargoes, with a bet-

jter business at this price; lO^c. was asked at one time, but

was not obtained, and the market closed dull and rather weakp,t 10c. ; options have been fairly activt^ at higher prices; No. 7

was quoted to-day at 8-15@8 20c., while 30,250 bags sold at

iB-25@8-30c. for May, 8-40@8-50c. for June, 8-60@8-65c. for July

and 8-80@8-85c. for Aug.; mild grades have sold very freely,

especially Java and Maracaibo, though there was also a liberal

business in Laguayra early in the week; Padang to arrive hassold at 18>^@19Mc., and good Cucuta at ll^c. Rice has lat-

terly been in ranre demand at firm prices, largely owing to anadvajce in London, where recent advices reported somethinglike a corner. Molasses has declined, but large sales havebeen made of Cuba refining stock, and the close was steidy at

31J6c.; New Orleans is in rather better demand and firm, with

58c. generally the highest price obtainable. Tea has beensteady as a rule, only black showing any noticeable weaknessat auction. Spices have been quiet, and, though bonded lots

have been firm, duty-paid invoices have favored buyers. For-

eign dried fruits have been quiet and rather weak, but greenhave been firm, especially lemons, which, with a brisk demand,

• have advanced. Raw sugar dull until last evening, then sold

more freely at 6 15-16c. for fair refining, thougti to-day 7o.

was quoted for that grade; 96 deg. test Centrifugal stood to-

day at 7 11-1 6@7Mc. Refined has been in fair demand andsteady, and closed at the prices of a week ago.The movement in Kentucky tobacco has been very slow;

nothing of new interest is mentioned, and the tone of prices

remains about steady. Sale?, 32 hhds. for export, and 97 hhds.for consumption; lugs are quoted at 5-!;4@6?6e., and leaf at

6/i@llc. Seed-leaf continues to sell slowly, and the business ofthe week is limited to 850 cases, as follows: 200 cases, 1880 crop,

Pennsylvania, private terms; 150 cases, 1880 crop. Pennsylvania,

7 to 14c.; 300 caa3S.l880-«l crops, Ohio. 4>6 to 8c.; 100 cases,

1881 crop, New England, 16 to 30c., and 100 cases, 1881 crop,

Wisconsin Havana seed, 14 to 18c. Also 400 bales Havana, 88c.

to $1 15, and 400 bales Sumatra, $1 10 to $1 40.' The naval store market has changed daring the week; rosins,

under larger arrivals from the South, have declined to $1 67^@1 75 for common to good strained, with liberal offerings of thelatter at that price; spirits turpentine, on the contrary, hasadvanced, owing to larger demands from London; to-day therewere fair sales in yard at 48^c. Refined petroleum has im-proved with the belter export calls; 110 test is now quoted at

8%c'. and 70 test at 8^c. here. Crude certificates were mate-rially lower early in the week, but since then a recovery and alarge speculation have taken place; to-day the market dropoedto 93J§e. Ingot copper is still weak and fair sales of Lake havebeen made at 1554@16e. ; other brands are quoted at 15@15^n.Steel rails hav« declined, and 25,000 tons were sold at $38, and5,000tonsat $38 75, allat the mills. Oils are quite firm. Woolsteady for fle>eces, but low grade wools are abundant and weak.Hops verv steady; State 1882, prime to choice, 90@95c.; year-lings, 70® 2e ; California, S0@85c.Ocean freight-room has occupied an unpleasant position in

the matter of business and rates. Toward the close some of thesurplus room was weeded out, and to-day the feeling is morest*-ady. (irain to Liverpool by steam 3@</id.; bacon 20s.;

cheese 25s.; butter 30s.; flour 10@12s. 6d.; e Jtton 9-64@5-3id.;grain to t^ondon by steam quoted 4@4>6d.; do. to Glasgow bysteam tak^in at 4@4^d.; do. to Avonmouth by steam 4'4d ,

60 lbs.; do. to Leith by steam 3)^d.; do. to Amsterdam bysteam S^>'.; do. by sail to Cork forordnrs quoted 4s. 3d.@4s. 6(1.

per qr.; r fined petroleum to Trieste 3s. 4'^d.; cases to Cal-

cutta or Bombay 17@21c.; do. in bbls. from Philadelphia to

Baltic 3s. 3d.

COTTON.B^iDAT. P. M., April 13, 1883.

Thb Mo'TRMBNT of tub Crop, m indicated by our ttfecramsfrom the South to-night, is given below. For the week endin?this evening (April 13) the total receipts have reached 72,335bales, against 78,708 bales last week, 86,999 bales the previousweek and 105,062 bales three weeks since ; making the total

receipts since the Ist of September, 1882. 5,486, 1;H8 bales, against4,368,338 bales for the same period of 1881-82, showing anincrease gince September 1. 1882, of 1,117.802 bales.

Receipts at—

aalveston 1,475

Indianola, &a.

Saw Orleans... 3,46.i

Mobile 407....Florida

Bavannah 1,147

Bninsw'k, &o.

Oiarleston 701

Pt. Royal, &o.

Wilmington 28

MoreU'dC&cNorfolk 1,484

WeatPoiut.&cNew York 471

Boston 969

Baltimore

PhUadelp'a, Ao. 450

Totals tliia week 10,5P

Sat. Mon.

2,o.i8

2,142

260

1,432

432

110

1,401

581893

1,432

liiet.

1,543

10,067

26

1,634

786

69

1,415

727952

1,0.10

11,306 18,301

Wed.

2,469

740133

1,283

198

08

719

1,146

563

187

Thurs.

2,358

1,745

167

1,231

300

07

1,514

3<

992

1.000

Fn.

2,638

883,50">

213288

1,547

62163990150

2,102

1,323

328432

1,625133

.5061 9.431 15.788 72,935

Tunt.

13,011

8821,664

1,206

2888,274

3.038

639463150

8,728

1,329

3.283

4,8071,625

4,307

For comoarwon, we give the following table showing the week'stotal receipts, the total since Sept.l. 1882, and the stocks to-night,

and the same items for the corresoondinsr ceriods of last years.

Receipts to

April 13.

Qalveston

Indlanola,&o.

New Orleans...

Mobile

Florida

Bavauoali

Bninsw'k, dec

Charleston..

Pt. Royal, &c.

WUmin(?ton.

M'liead C, &cHorfolk.

West Point,**

New YorkBoston

Baltimore

Plilladelp'a,&c.

Total

1882-83

This

Week.

13,041

8821,664

1,206

2888,274

3,038

639468150

8,728

1,329

3,283

4,807

1,6254,30'

Since Sep.

1, 1882.

762,38016.0

1,537,476

301,05715,662

774.0785,508

647,04423,006

123,80618,289

734,827213,471

133,183

156.183*44,531

79,562

72,935 5.486,138

1881-82.

This

Week.

4,912

8

5,913

1,121

492,662

2,354

14456561

4.034

2,178

1,009

3,335

4,281

Sitiee Sep.

1,1881.

402,

13,

1,132,

247,

26,

698,

6,

477,

23,

132,

26,

573,

182,

150,

191,

14,

68

329523928920978301961030067«66

047438133463949096,301

2«0,379

26,981

33,229 4,368.336 769.570

Slock.

1883

63,446

31,039

30,467297

9,349

59,757

243.687

7,03520,725

11.408

1882.

33,S69

191,88121,431

39,001

23,192

4,620

30,283

324,2449,680

27,91515,925

724,741" 4,713 bales added as correutiou.

In order that comparison may be made with other years, w«give below the totals at leadin? ports tor six sea.sons.

Receipts at-

Galve8t'n,ifeo.

New Orleans.

Mobile

SavannahCharr8t'D,<feo

Wllm'Kt'n, &cNorfolk, &o.

.

ail others

Tot.this w'k

Since Sept. 1

1S83

13,129

21,6641,206

8,274

3.677618

10,0i7

14,310

1882.

72.935

4,9205,913

1,121

2,662

2,198

6^66,212

9,277

33,229

1881.

7,436

19,175

3,489

4.885

5,181401

8,863

17,149

66,579

1880,

4,181

15,343

2,802

3,698

1,936

4375.056

5,407

33,910

1879.

2,62.i

9,3282,3<i9

4,479

1,812

9029,635

9,297

40,18:

5486.138 43fl8.S3« .S542.90I 4571.295 4258 541 4043.751

1878.

3,89110.190

3.153

3,485

2,840

7615,6839,013

39,016

Qalvestou iacludes India. lola; CUarlestuu inutuilt^s Purl iii>yai, die;Wilmlnjjton Includes -Moreliead City, Ac: Norfolk iaolHiles City. Point,<S[0.

The exports for the week ending this evening reach a total

of 99,262 bales, of which 3S,863 were to Great Britain, 14,556 to

France and 45,838 to the rest of the Continent, while the stocks

as made up this evening are now 769,570 bales. Below are theexports for the week and since September 1. 1882.

Bxvortt

jrvm—

GalrestonSew Orleans..

Uoollenorld*toTaonah —Charleston*...

Wllrainaton..

Surfolkt. . ..

Mew Yor* ..

Soston ... .

.

<1iltlmore

P illaaelp'a,&c

Total ....

WuU. Brulin^ vipr. 13

BajportM tn—*Vom Sept. 1. 18S2. to Afr. 13, 18SS

BxpnTtftttO"

Great Vontt- Total

BHt'n. Pfnc' n«nt. Wetk.

1,837

10,321

4,37!

st.iva

B.floJ

9,fi»S

3.8 lit

1.078

22.93J

6.81'

9,768

98.1

3,17&

3,877

3S,S«8 14,35«.

Total 18S1-S2 11.1'ni 5.40

1,837

43.580

8,927

10,1 8»

12.004

a.62J

13.419

30192,S7

1,07S

GreatBritain. '^'"><^' nttu

afs.iso

6S^3.217

28,815

101,603

l*6,'^6n

49.', in

347 929

37i.389

131.1513

131.021

83,894

SS.rtOO

2S1,0'U

9,330

24.r;B

2t,Bl2

4,718

2,318.328 373,70445,83S 99,282

.407 P4 414ll,Win.S71 895,nn7

Conti.Total.

141,.S79 480.459

38S.48rl3J2.739

I.IOO 37,345

267,239

19a,»-'9

4.590

U,«82132 881

443

43 4V8

2.590

391.549

345 264

63,706

382.891

529,772

131.088

181.1^87

68,4S4

l,10),10a 3,S88,138

B«n S-4 9 SIS 427

*I iiuluiles exports Irom

f Includes exports fromPort Koyal, Aa.West Point, dto

Apbii. 14, 1883.J THE (CHRONICLE. 429

In ftil'lition to above exports, nnr te.furainH to-ni>flit «1ho ifivt?

OK th» followinif amonntu of cotton on sliipboanl, not ol«areil, at

thrt port.-4 nainrtd. We acM similar liKoreH for New York, wUi(rh

are prripar«(i for our Hpeciial use by Mesam. Carey, Yale &Lambert, 60 Heaver Street.

Apr. 13, AT—

RawOrleHns...Mobll«OUArii KtOQ ....

BavAiii'nh .. ...

6alv«-toDNorfolkHew YorkOtb«r porta....

Total 1883

rotal 1882ToUl IHHl

On Shipbixirii, noi ettartd—for

GreatBHIaln.

40.1404,2004.»agNone.IS.y-t 1

ll.lt.'^O

4.2003,000

81.122

."SH.SOOT.'j.aoi

france\j^„fg,^

fi,728Nouv.Noiio.None.3,003Noii«.None.Mono.

1M21n,iR51-3.7^1

lfl.372None.1,750fl.'<00

3.il«:i

1.1001,000

41,248

19.20841.736

Otxut-uite.

7761.500

f,f>0

2,6002,»<(i5

4,854None.None.

13,145

2.9207.96rt

Total.

efl.02.^

5,700(i.o:t!»

0,4002H.40520,4675.3004,000

145,036

HO 800138,744

Leartngatnek

194.3.'S4

Zl.'iSl3;i,Hl!-<

21.(i:i0

40 0413lt.20O

238 3H741814

623.634

631.041641.503

The spjculatioa in cotton for future delivery has been fairly

active at this market during the past week, and the tendency

of prices has been upward, though they have fluctuated con-

siderably. Liverpool and Manchester advices have been

stronger. The movement of the crop, except the large re-

ceipts at New Orleans, has been reduced considerably, and

there is some revival of confidence among operators for tiio

rise, accompanied at times with a demand from the "short

interest," to cover contracts. Saturday was dearer, and oa

Monday there was a smart advance for the early months. OnTuesday sales to realize caused some decline, but on Wednes-

day and Thursday there were fresh advances. To-day the

opening was stronger, but the demand proved limited, an dthe early prices were not fully sustained, the market closing

unsettled. (Jetton on the spot has met with a better exportdemand, and stocks, being comparatively small, have beenheld with increased firniness. O.i M)nday and again onThursday quotations were advanced l-18c. To-day the marketwas firmer, but prices not quotably dearer, middling uplandsclosing at lOJ^c.

The total sales for forward delivery for the week are 591,500

bales. For immediate delivery the total sales foot np this week4,460 bales, iaclnding 2,639 for export. 1,686 for coBxnmption,135 for specQiatioQ and in transit. Of the above, 633 bal>^8

were to arrive. The following are the official qnotations for

each day of the past week.

April 7 to

April 13

UfLANLltt. NKW ORLEANS. TEXAS.

suit. { nou TaeB Sat. non Tuea Sat. THoa. Tne.

OrdlnV-V*>Strict Onl..

7iia 7>8 7>« 75ie 738 73a 7»,8 738 7»S7^, 7I>,« 7»,« 7% 71^,8 71<16 7% V13,„ V'3,8

Good Ord.. 8^i« SSh 838 6»18 8»« 80r «9l6 8»S 8»8Btr.G'dOrd 9 »'ih O'la i"4 0°18

91*189 "4 a^s 96,8

Low Midiy Si's »»18 9»lfl 0% Oi^ia 9% 913,8 9i»„Btr.I.'w .Mid »l»„ »'S »'i 101,« UHs Idle 101,8 1018 10 >8

MlddlliiK... lo 101 i» 101,8 loM 105,« 106,«lOlli,

lOWl lOi.,8 106,8Good Mid.. 10% 10',« 107« lOOs lOiijB IOSr 1011,81011,8Btr.O'dMhl 103s 1011,8 101 1,B lO's 1016,„ 1013,6 lO's 1.115,8 1015,8Mldd-g Fall It's ll'lf

ll'ilrfl

1138 ll'l« ll'l« 113s ll^lH 1117,,Fair 11 'a lllS,, 1218 123,, 123,„ 121? 123,8 Il23,8

Med Tta. Fri. W«<l Tit. rn. IVeu Fri.

Ordliry.Wlk 7's 73.a 73,„ 738 7'',« 77,8 73s 77,8Strict Ord.. T-.R 7»s 7I>H 713l8 7''fl 7 'a 713,8 7''s 7''8

Good Ord.. 8% H'le 8' 18 8=8 8" IK 811,8 8=8 811,8 811,8Btr.G'dOrd 9>18 Oifl 9ifl 94.

8

H3s 931, 9Bm9:ii«

938 9%Ix>w Mldil'gBtr.L'w.VIid

u»ie !>»B «»8 013,6 O's 9''» 9'H Wsa'« 913,8 OliiftlOie lO'-i.g 103,8 1018 103,8 103,8

Middlius:... 101,1 lOlfl 10>« 10o,«IOMj llOliip

103$ 103s 105,8 1038 1038Good Mid.. I01,fl 10>3 10% 10% 1011,8 10% 10%Btr.O'd.Mld l'iii,g io«i 10«i 10l»ii, 11 11 lOi-is 11 11Mldd-« Fair U3m 11'4

llii|A 121114 U'l, Ilia Ulfl Ifin imi Ui«

»»lr... 12 1123,% 1214 . 1214 l-'slS 1214 12 14

8TAUVBD. !ial. mou Tnea Wed Xh. Fri.

Good Ordinary -*t>. 61a 69,6 69,8 60,8 6i>8 «»8Blriol 0»ood Or.UnaLowMtdiUing

7.,. 738

8',e

7388i|e

7%81,8 a«

7',8sC

lOdrtllnir 9% «3,8 9-18 oalS 914 914

HARKSr AND 8.4.LB3

The total sales and fatare deliveries each day daring theweek are iadioatel in th-^ following statemunt. For the con-venienee of the reader we also add a oolama which showi at aglance how the market olo.ted on samTi days.

FOT MAKKer0U)gbO.

Bat..QntetXon .'t^iriii ,it 1,8 adv.Taea . Quiet anil atoadjWed .FinnThnra Btcjidyat »i8 advFrt..iFlrm7.. .......

Intal!

BaU^S of spot \HU TKANatT.

Bx-I

Oon- Spec- Tran-port.l tump. ul't'K tit.

Sill4*}.)

40717831501loo

1382712443U34fi376

?,rt39' 1,6><6

135

135

Total. BaUt.

972 53,300736 l."i0.100&">1' 105,000

l,229i 5-1.30O396 124.900476 99,000

4.460 .-)91.500

D*liTeria.

5004006004004003uO

2,600

The naiiy .iniivenat mvna aooveare aocually delivered the day pre-Tloa.4 to •.U;it oil wlitch tbay are reported.

Tkb Sales and Puiuks of KuruBBd are shown by the foUow-ia/^ ccmpreheaHive table. In this statement will be tcnnd thed&Uy market, the prices of sales for each month esoh day, vadtfae closing bids, in addition to the daily and total wles.

ml ml m\ 11} 25?flt.»^ It? I IffI IPI llU IWlf^st- f^s? T^'gsS ^sSl '''sSL r''2»-

SI 8 5 B - I ? I3= ^

I

00 » 3 OIOOm!^

s-" -28 2e?PI

tig

Ml-t >.

^o 2wco '^

I 41 :

OOcOwo o

60 a

I » :

Oo

00 5ia». aOO'-'^1 »S:)-• —o^coco^^ to

<;. o.06O00900 A

Si eI « ••

ocSo0006W-- o

(cojo<eo = 6

COcOceo©*03C0

I vZ-<eif S<otsii. op

I

s.o:

I900

I .:.o.:,to 0>

CO !Jio 2

0050

?5 ^

COoO©«o6

^•3 a«2 !?o# 2I ».<='

I

1 ?o?I ©Co0)

I-"-'o"uu 2

OOoOCOCoCco

©5 §CorO 2

I »«:t-'HCD—OOoOwwO«

©C !?toic 2

I a! 10;

ooSoMIoOfcO-1^1 01

00 5in* 2

1 »p:

M— 2

1- — b.©o 5li" 2

-co

1 KiOto oc©o = 0'^©Co

10 S2

? I g."

81 8

8| 8

I*-*.. 2

I «J»"

*• i**o,^©CD CW

00 5

1 »o:

I «<»:

OOcOi^rfiOi^Kki» to

00 ^coco 2aw **

1«.-i:

MK-OO'-'©o©oe^coOco©CD -a

00 IJW'jij 2

I».*>:

I®oC

' ooOeo

W^4^ 2oc©co^

© =©0ecifi^cco

©o IJ

o^§occcoOro^^© 00

©Co?

wcJ» 2

I «?:

Mt'.Oo*

II**- 2

I*««:

1 citOito. I

00

©© !5^

i^tt. 2

I ew:w©»-*©o©liCili.oo *-

^5 ^^(» 2

OOoOC »0 33

©o !<

1 so:

1 oc?' *.Ccoto to

9»0

o

coco 2O.C0 *^

I8N>-

coSoeococwOD Oa I**

00 506 2OS CO 'I

1&«o:

— coV -*

©Oo©c6o600^ o"

coco 2(0© "^

Iaco:

t-'»-co*-*OOo?CJCOOCO

»5t^ 2Oifc "I»».

ooeotCWOK)OD^ ©

CO 5K)tO 2 ^>^ SMM *< ..lOJ '^

I«:'' I ».":

K,K,Oi.9lfr.M CO

eroc©K-CO- K)ceo PI

.,— to.00 4

»0 ' Omto »

00 2CO- *>

1 Si.»:>---(»—© = 0000=6

ceo ^CD© 2

ooocooci^toCO ©

o©©CD 2c.i». "^

I8.*-:

Iew:

CSQD ^

CX.W ^'

ccco^<o-I "J

eoro 5« ib 2t-co ^ 00 2

OOCi **

1».-:

ttW. . ^oloo 2

CDTOCOIt ob^o.

ob*j 2

i » :o

did CO

fo© 2

OcdCcd

«6c6 2

o«o«o

COO 15^

CJCB 2

1 « :

to, o?

«cco .^

a* CO 2ao« "^

I»»:

CO

cjb to ^' .<>

<o« 2

6 -f c -i

<DtO 5ofob 2

I » :

-J©Co©ff oLOobOiV* CO

og02

85

I a :

oco9§©Oo

a> 00

I «:M I®:

hi

00 5©•o 2I sm:oq©«

<f©acb 2

I « :

cdcdOco© iw Cw

I I

I I

I I

I I;

I I

Id

^

'*•"l

1

1

16

III

i«

1

1

4 4

l«:

I I:

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I A;

I li

? i I

l«:

II:

I I

l«:

• Tnoliidea s»ie» In September. 1882. for Septeiolwr .S0q.20'>: Septeitt.

ber-Oetc.ber for Ociolwr, 815.600 : Septerabur-NovBinber for Novemtier.

731,000: Spptcnihor-Decseinlier for Di-Cftiiibcr, l,0!)7,400; September-

jHiinary for Junuiirv. •2,070.-.;0u : 8>?ptemiier-F.-liruary for tebruary,

1,3C0,200: Septtmber-Maich for Miirch, 1,969,400. ~_ j _rntiiar«rMiiin ( inlors—rt»t iiiday. !C9.7o. ; Mnn.ia.y. 10 'O.: Tn««uy,

lO-OOc: Wediipsdiiv. 10-0S<i; Thursday, lOlOo.; iTrlday, 10-15o.

Bborr, Noilws for April-Saturday, 9-7rc. .

^?" We have Infliided In tlio aliovu table, and shall oontlime «»«,

WW* to Kive, the averaKO price of futures eaeh oay tor .-ai^h montn. 1»

wi'l bo found undor piiHi dar following the abbrovlatloii •• Aver. Tli«

average for CiWh inouth for the week Is also given at bottom or table.

The following excham?e.s have been made daring the week.

•10 pd. to exch. 300 .Tuly for Auk." '

" "

14 pti. to Bxi'U. 100 May fur June.10 pd. to oxoh. loo April 81 n.

loth, for rcirular.10 |)d. to exch. 100 April a. n. 9th,

for rpgular.;o pd. u> nxoh. 1 ,000 Dec. for May.14 pd. to oxih. 600 .May for June.49 pd. to exch. 300 Oct. for Aug.

» -23 pd. to exch. 3'M June for Aug.

06 pd. to pxnh. 100 April a. a.lOtli, for regular.

1 4 pd. to exub. 100 Miiy for Jana.01 pd. to exch. 100 April a. a,

I2tb, fsrrexnlar.•37 pd. to exch. 100 May for Amy.•15 pd. to exch. 2(Mi May fi'r June.23 pd. to exoh. lOO June lor Aag•1& pd. to exoh, 5,200 Mar <orJum

430 THE CHRONICLE. [Vol. XXXVI.

The Visible Supply oh Cotton to-night, as mide up by cable

and telegraph, is as foUow.s. The Coutiaental stocks, as well as

those for Great Britain and the afloat, are this week's returns,

and consequently all thn European figures are brought downto Thursday evening. Bat to make the totals the completefigures for to-night (April 13), we add the item of exports fromthe United States, including in it the exports of Friday only.

1883. 1S82. 1881. 1880.Btookat Liverpool hales. 995.000 873,000 863,000 659,000BCOOk at London 61,100 62,200 41,200 46.209

Tntal Great Britain etook 1,036.400Btook at HamDurg 3,800BtooK at Bremen 40.200Btookat Amsterdam 30,000Btook at Rotterdam 2.400Btock at Antwerp 1,100BwokatHavre 139.000Btock at Marseilles 6.100Btoos at Barcelona 66,000Btock at Genoa 9,700Stock at Trieste 7.400

935,2002,000

25,40018,800

2511,900

105.0003,110

3'i,0006,5003,474

904,2006,500

44,10041,8001,870760

150.0003,740

22,5003,0005,340

705,2093,fi00

31,52917,3103.672393

88.7501.907

28.2104,.5003,143

Total oentlnental Stocks... 303,700 202,433 279,610 183,071

Total Eoropean stocks.. ..1.362,100 1,137,638 1,183,810India cotton atloat for Europe. 301,000Amer'n cotton atloat for Enr'pe 532,000E<ypt,Brazil,&o.,afltforE'r'pe 32,000Btock in United States ports .. 76:^,570Stock In U. 8.1 nterior towns.

.

214,632United States exports to-day.. 18.000

417.000405.00051.000

724,711178,18328.000

20).000670.00037.000

680,217237.40125.000

Total visible sapply 3.232.302 2,941,562 3,038 458 2.

Qt the above,the totals ofAmerican and other descriptions are as

lilverpool stock 730,000 571,000 644,000Continental stocks 203,000 110,000 £03,000A'Oerican atloat for Europe 532.000 405.000 670.000Uuited States stock 769.570 721.741 630.217United States interior stocks.. 214.(>32 178.183 237,401United States exports to-day.. 18,000 23,000 25,000

8S8,2S3197,831432,84329,801

684,413238 n.-ie

11,000

482.762follows

40?,00C155,000432 815684,443238,5.i611,000

Total American 2.467.202 2,016,924 2,459,648 1,989,311

Salt Indian.Brazil, <tc.—Liverpool stock 265.000Ijondon stock 61,400Continental stocks 102,700India afloat for Europe 304,000Egypt, Brazil, Ac, afloat 32,000

302.00062,20092.438

417,00051.000

219,00041.20076,610

203.00037,000

191.0nfi

46,20928.074

197.33129,804

Total East India, &0 765.100 921638 578,810 492,918Total American 2,467,202 2,016,924 2,159,t!18 l,!i89,814

Total visible supply 3,232,302 2,911,562 3,038.458 2,482.762Price Mid. Upl., Liverpool .... 56sid, eiiied. 6d. 7d.

C^The imports into Continental ports this week have been99,000 bales.

The sDove rignres indicate an increase in the cotton in sight

to-night of 290,740 bales as compared with the same date of 18S2,

an increase of 193,844 bales as compared with the corres-

ponding date of 1881 and an increase of 749,540 bales as com-pared with 1880.

At the Iittbrior Towsa the movement—that is the receip *

for the week and since Sept. 1, the shipments for the week, andthe stocks to-night, and the same items for th-* correspondin.i?

period of 1881-82—is set out in detail in the following statement:

Oo:oi

K W OS *-< CO Ot (-•

O" C 1^ 0!> *• Kl -J00 d &C QD CT> OD 0)

oooDl*-c;'-lCotc^o^w^o-Jtc^:;cDCPQCcc**O"C0C0^tocci-^fccaDO*-j^KawwQ0CJtc

cs CO 4^ to to •(>> toto — cox CO OS to

^ M o *y OSV- 'v©to»-'--ri00 3>-J C. K. CC If".. (». to

5? toV- CW CO rf». M

CO CO »^ to to

05 *J®*-^ cow toCD ~ (X j^. *k OO*kMt0*^^OO

.-MiJ».xo;b3*^W(-tDto*.^<ixi'j:0'0-Jtcp jx; — <l OS cc ac^h- *» ccp t; cc p;p OS _jF^ rf*-

*JCtW*-ODif»-i— CC-vlCJWCJiOl— CD't-*-JOtOcoococO(U©cotwXoototcoa:-aQocjyrw

tOp^ M to M eO to MCOVjbb to'to ^ o: rf^ <i c?( -< o U" cc (fc^ba ccc wtOA***JQOO»-*0;QD-iW.X>OiQO>-'QDO*-^O9cccoif»&?cctococoosoc7icoari^cncoeoco

vtci osm .Ki^w,"^ fP^PP^i^S'^^i^bowo»b^<)btcowb Vcn"^^Vjcoc3loiP-ODOCSCOtOGCCDCO»-»tOaOf-O^C;«MOOOO-^lOll^O'C^'C^COU'XiO^COf-'QCCOCOcDCX

g^^

00^

•a to

00 rfi. H" to I-* CO I—OOtO — QOtOOO I- ((- Cp CD ** to

Oi(^oo»ocooso:QCnfJ*^lrocot»')C>-cO'^if-->C0C;'COMH-CDOC0&3UiO0'lfi-CDO0;r-*Jl-«

COCO lO ro to to c:* •->

re GO CO 05 ^ to btCD>-<^>«k OOStO0( C5 ifr- Ot CO OS CD

CD C>} QD QD CO 03OOsOOCOCDtO

O0MMUrf».COI'V-bVcb*-''c;i«^o fv OS --I :.: O OS

I--10O c/t 05 »- en

c*:co i-> I— CO M--coi*krocoiocoit-tocccs.-toot>-'-'icoc«o:fl#- r; OD >--^p <) ^ h- - CO c:i to to M *». CD C CDcc coiob'coco cob»bat'Voio'o<iCitocsyico*- tf* -^ to X to OIM CO :D to *- OI X CD ^J —' re fDtoooo5CDtjiao<i«ioicoocD<-tf---icotf».oyt

^03 to M*. COcs to -1 Cl *^ *-* to CO CO CD M CJi to 1^ 05C5i**OCDC'»CDiOO:iJr)CieJXOO'OSCDCCOlOtO*^00»-'OOCOiXOiDCC'yr!OtOlOtO*^tOCO

wt^U If^ Oi H> to

<-cn !-•

>-'tOC0 0t|ffc,Q0Ot""•-

1b to COb CD '<! w b: CD lU 05 be ji/ CO *#^ F- '^ OICO^OtaiOOC-S-^CDOtOH-MtOCD— -^COiOn— OCD — CJ^l^I'-' jiOCJiOTCOOSO'im

* This year's lisuies estimated.

The above totals show that the old interior stocks have de-creased during the week 17,018 bales, and are to-night 36,449bales iTwre than at the same period last year. Tie receipta at

the same towns have been 214 bales less than the same weeklast year, and since September 1 the receipts at all the townsare 665,020 bales more than for the same time in 1881-2.

Quotations for MiDDLiNa Cotton at Other Markets,—Inthe table below we give the clo.-iing quotations of middlingcotton at Southern and other principal cotton markets for eachday of the past week.

Weclc endingApril 13.

CLOSING QDOT.\TION3 FOR MIDDLING COTTON ON—

Satur. Jlfon. Tues. Wednes. Thurs. PH.

Galveston

—

New Orleans.MobileSavannahChal^B^ton...Wilmiiiccton..N..rfoll£BostonBaltimore ..

Philadelphia.AugustaMemphis ....St. LouisCinciunati ...

Louisville

9»a9389389Ll

9389=8

10149''8

10389^49389389>a9 la

958'

9389389I09T89389H

10'49^8

lOSg9=49%9389139

'-a

9=8

9389l£9''8

9=8lOH978

10389%9389%9^19^

9=897,.

938*129I39'89'39HlOH978

10389l4®33938938OH,9>s

9=8

%\^

1^9139\

IOI49^8

10389l4®3g9I3

9>a9=8913

9=89=8913

lOU9^8® 1010389389=89>39=89Hl

Receipts prom the Plantations.—The following table isrepared for the purpose of indicating the actual movement eachweek from the plantations. Receipts at the outports are some-times misleading, as they are made up more largely one yearthan another at the expense of the interior stocks. We reachtherefore, a safer conclusion through a comparative statementlike the following. In reply to frequent inquiries we will addthat these figures, of course, do not include overland receipts orSouthern consumption; they are simply a .statement of theweekly movement from the plantations of that part of the cropwhich finally reaches the market through the out-ports.

RECEIPTS FROM PLANTATIONS.

Wu\ RtcHpts at the Port*. St*k atI?i(erior Towm. lUc'fts from Tlcmt'm

1881. I8S2. liS3, 1881.1

1882,1

I>i83. l-iSI.|

18H2, 1*3.

Jan. 'Zn laS.OTO 92,0S1 1J6,100 306,821 410,986 350,749 1 W.129 71,024 119.182

Feb. 2 147,129 95,(i57|ni,310 317.868 390,019 347,523 158,874 84 000 I6-*,090" 9 183,723 81.779 165.888 313,837 380.528 343.584 I:'9,d91 .77.288 161,929•• 10 U8.5,-i9 72,031 ; 46, ISO 312,551 373.451 3,i6,7l)6 I45,«2 83,957' 139,312• 23 13-I..S59 60,180 134,148 317,588|362,430J321,lai U3,3S(7 50,130 1.9 076

Mch. a 133,031 51,980 135,321 .322,45s 343,072 30S,4 IT 138,801 31.6U 122 314" 9 U0,12rt 58.747 124,828 3:9 a-.Z 315.973 304,821 138,000 3I,818!l21,030" IB 108,200 57,451 111.181 320,500 a84.3»3 297.173 109,468 25,874 I03.73S" S3 93 890 61,916 103,082 309,513 253,818 279.948 82,703 31.141 87.-S5" SO 78,&11 51,03.) 88.999 'i94 608 233.182 26 l.li7l 63 809 SS,S99 74 043

Apr. 6 8S,i596 44,467 78.704 277.35(1 215,944 257.152 88.438 27,;29 8S.8S9•• 13 ... 6j!,571i ,S3,2a9 72.935 281,5'I9 201.747 2;«i,481 50,82rt 19,082 55,244

The above statement shows—1. That the total receipta from theplantations since September 1, 1882, were 5,709,114 bales; inl«.Sl-83 were 4,524,658 bales; in 1880-81 were 5,465,662 bales.

2. That, although the receipts at the out-ports the past weekwere 72,935 bales, the actuad movement from plantations wasonly 55,244 bales, the balance being taken from the stocks atthe interior towns. Last year the receipts from the planta-tions for the same week were 19,032 bales and for 1881 theywere 50,828 bales.

Amount of Cotton in Sioht April 13.—In the table belowwe give the receipts from pl«ntatioiLS in another form, andadd to them the net overland movement to April 1, andalso the takings by Soathera spiniTers to the same date, to as togive substantially the amount of cotton now in Right.

1882-83. 1881-82, 1880-81.

5,342,90;

222,761

1879-80.

Secpipts at the ports to Apr.l3[nterior stocks on April 13 inexcess of September 1

5,486,138

222,976

1,368,336

156,322

4,571,295

241,335

Tot. receipts from nlantat'nsSet overland to April 1l9outheru cousumpt'ii to Apr. 1

5,708.114572.324240,001.

4.524,658394,473190,000

5,465,662452,089155,000

4,815.630516,460135,000

Total in sltht April 13 6,521,438 5,109.131 6,072,751 5,467,090

It will be seen by the above that the Increase In amount in slirtit

to-night, as compared with last year, is 1,412,307 bales, as comparedwith 1880-81 is 448,687 bales and with 1879-80. 1,051,318 bales.

Weather Reports by TELBaRAPH.—There has been con-siderable rain in some sectioaa of the south during the week,and the rivers are now high. The Mississippi at Memphis is

but two feet four inches below the danger line and is still ris-

ing, and the Alabama lias overflowed at some points. Wherethe rain has not interfered with farm work, the conditionshave been favorable, and planting has made good pro gress

;

this is especially true of Texas.QalvestoTitTexas.—We have had showers on three days of the

week, the rainfall reaching ninety-two hundredth.s of au iHch.

The weather has generally been favorable and farm work andplanting are making good progress. Average thermometer(59, highest 79 and lowest 59.

Indianola, Texas.—It has been sho%very on three days of

the week, the rainfall reaching one inch ;young crops are

doing reasonably well. The thermometer has ranged from 53

to 78, averaging 68.

Dallas, Texas.—We have had a light shower on one dayof the week, the rainfall reaching sixteen hundredths of aninch ; good progress is being made in planting. The ther-

mometer hiis averaged 69, ranging from 4,5 to 93.

Brenham, Texas.—It has rained hard on two days of the

week, but no serious damage has been done. The rainfall

reached one inch and forty-four hundredths. Planting is pro-

April 14. 1888.] THE CHRONICLE. 431

grt-ssini? Biiti.sfaotorily. The thermometer baa avenged 74,

tlie hJKlifHt Ix'iiiB 80 and tho lowuul 58.

PateKtine, 'J'ix<ui.—Wl> have had showers on two days of

tlio week, tho niinfuU reaching one inch and three hundredllis.

I'lanting w niakiiig good progress. Average thermometer UU,

hight'Ht »7 and lowi-st 50.

UuntsoiUe, Texas.—U has rained hard on one day of the

week, but no seriouH damage has been done. The rainfall

renchi'd one inch. Goo«l progress is being matle with planting.

Tlip till rni. meter has rangwl from 50 to 86, averaging 73.

Weatlierford, Texas.—"Vhe weather lias been favorable, with

no rain during the week, and farmers are busy. The thur-

mometpr h.is averaged 67, ranging from 40 to 94.

Bellon, Te.cas.—li has rained hard on one day of the week,

but the weather is now favorable, and corn planting is makingg<x>d progress. The rainfall reached one inch and twonty-oiio

undr.anis. The thermometer lias ranged from 61 to 83,

aveluguiK Ti. „ . , ,

Luiinti, Texas.—We have ha(V a beneflcial shower on one

day of tlie week, the rainfall reaching forty-one hundredtlis

of an inch. Young corn is doing well, and cotton is comingup w^ell. Tho thermometer has averaged 73, the highest being

8»and the lowest 57.

Hew Orleans, Louisiana.—It has rained on four days of

the week, I lie ram fall reaching eleven inches and forty-five

hundredtlis. The thermometer has averaged 73.

Hhreoeport, ioMivra^m.—Telegram not received.

Viiksbnrg, Mississippi.— ^^e have had warm, sultry, wetweather durnig tho week, with rain on four days. We are

having too much rain.

Columbus, Mississippi.—It has rained on three days of

the week, the rainfall reaching two inches and forty-nine

hundredths.Little Hock, Arkansas.—The weather has been clear to fair

on five days of the week, and it has rained on two days. Therainfall reached sixty hundredths of an inch. The thermome-ter has averaged 63, the highest being 83 and the lowest 49.

Memvhis, Tennessee.—yfe have had warm, sultry, wc-t

weather during the week, with rain on five days, on one ol

which hard and on four showery. The rainfall reached oneinch and fortyse»en hundredths. The Mississippi River is

again at a high stage, being now two feet ana four inches

below the danger line and rising; considerable cultivated land

is already under water. The thermometer has ranged from49 to 83, averaging 63.

Naahville, Tennessee.—It has rained on four days of the

week, the rainfall reaching one inch and sixty-nine hun-dredtlis. The thermometer has averaged 58, ranging from 45

to 74.

Mobile, Alabama.—It has been showery on three days, andhas rained severely on two days of the week, but at the close

there is a favorable change. The rainfall reached six inches

and sixty-two hundredths. There has been too much rain in

some sections, but no serious damage lias been done. Averagethermometer 68, highest 79, lowest 59.

Montgomery, Alabama.—It rained on six days during the

early part of the week, on Monday heavily. The rainfall reachedfive inches and ninety-four liundredtlis. The tributary rivers are

higher; tho Alabf.raa River is booming, overflowing the low-lands considerably. The thermometer has averaged 65, thehighest being 87 and the lowest 53.

Selma. Alabama.—It has rained on four days of the week,the rainfall reaching five inches and fifty-one hundredths.

The thermometer has averaged 62, ranging from 53 to 81.

Madism, Florida.—Telegram not received.

Macon, (Georgia.—It has rained severely on three days of

the week, but as the week closes there is a favorable cluinge,

the weather now beiiiij warm and spring-like. Average ther-

mometer 70, highest 80, lowest 50.

Vulumbus, i.ieoruia.—We have had severe rain on two daysof the week, the rainfall reaching six inches and thirteen hun-dredths. The thermometer has averaged 69, ranging from 59

to 78.

Sa'oannah, Georgia.—It has rained on four days of theweek, and the remainder of the week has been pleasant. TherniiifaU reached three inches. Average thermometer 71,

highest 84, lowest CO.

Auffnsla, Georgia.—We had heavy general rain on threedays during the early part of the week, but the latter portionhas been clear and plea-sant. The rainfall reached two inchesand sixty-nine hundredths. Tlie thermometer has averagedC6, the liighest being 83 and the lowest 53.

Atlanta, Georgia.—It has rained on three days of the week,the rainfall reacliing three inches and forty hundredths. Thethermometer has ranged from 50 to 80, averaging 61.

Charleston, South Carolina.—We have had rain on twodays of the week, the rainfall reaching one inch and eightyhundredths. The thermometer has averaged 68, ranging from55 to 81.

The followiag staterai'nt we have also received by telegraph,showing the height of the rivers at the points named at 3 o'clockApril 12. 1883, and April 13, 1882.

Kew Orleans Below high-water markMeraplim Above low-wator mark.MasbvlUo Above low-water mark.Bhreveport Above low-watermark.Ylckaborg Abnrelow-irat«r mark.

Apr. 12, '83. Apr. 13, '82.

Ftei. Inch. Feet. /ncA4 \ 3

31 4 29 433 29 920 4 10 643 5 45 6

New Orleans reported below high-water mark of 1871 nntil

Bept. 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 abot*1871. or 16 feet above low-water mark at that point.

IRDU CoTToii MovExlirr FROM ALL PoBTB.—We have dorlngthe past year been endeavoring to rearrange oar India s«rTleeso as to make onr reports more detailed and at tb« same timemore accurate. Hitherto we have foood it Impossible to keepout of our liguren, an cabled to as for the ports other thanItombay, cargoes which Droved only to be shipments from oneIndia port to another. The plan we hare now adopted, as wehave reason to believe, will relieve as from the danger of thi.i

inaccaracy and keep the totals correct. We first (five theBombay Htat^ment for the week and year, bringing the Bgoreadown to April 13.

WIHHW BieCBIPTS AMD SniPHEim FOB rODB TSAM.

rcw

Skipnunlt Ihii* week.

Great Oonli-BrU'n. nenl.

1S83 -IZ.' 00l«S2 41.00o18811 6.000l)480{'Jl.UO<i

Total.

Shipments tinee Jan. 1.

Great Oonli-Brilainl nent.

9,000 31,000 197.0008,000; 49,000

28,00034,0005.1100126,000

416,000115.000134.000

356,0002^JS.000217.000KiS.OOO

Total.

S.^3,000644,000332,000302.00U

JtttelpU.

ThUWtele.

66.00075.00055.00052.00O

BineeJan. I.

828.000830.000516.000.'.07.000

According to the foregoing, Bombay appears to show adecrease compared with last year in the week^ receipts of 9,000tMtles, and a decrease in shipments of 18,000 bales, and thettdpmentA since January 1 show a decrease of 91,oio0 bales.

The movement at Calcutta, Madras and other India ports for thelast reported week and since the 1st of Jaaaary, for two years,has been a.s follows. " Other ports" cover Cfeylon, Tuticorin,

Earrachee and Coconada.

Oalentta—18S3X883

Madras-18831882

All othars—18831882

Total all-1883 ..

1882...

Bhipmente for the week.

Great Oonti-Britain, nent.

1,200

3,500

1,2003,500

Total.

1,200

3,500

1,2003.300

Shipments tinee January 1.

GreatBritain.

51.20078,100

4,.5006,500

4,00021,700

59,700106,300

Conti-nent.

9,00030.300

1,0002,000

2,0004,300

12.00036.600

Total.

6O.2O1)103,400

5.5008,500

6.00026,000

71.700142.900

The above totals for the week show that the movement fromthe ports other than Bombay is 2.300 bales less than sameweek last year. For the whole of India, therefore, the total ship,

meats since January 1, 1883, and for the corresponding periodsof the two previous years, are as follows;

EXPORTS TO BOKOPB FROM AI.L INDIA.

1883. 1882. 1881.

10 all Europefrom—

Thisweek.

SinceJan. 1.

Thitweek.

SinceJan. 1.

Thiiweek.

SinceJan. 1.

BombayAll other p'rts

31.0001200

553.00071.700

49,0003.0OO

614,000142,900

34,0006,700

33>OO0147.300

Total 32,200 624,700 52,500 788,900 40,700 479.300

This last statement affords a very interesting comparison of the

total movement for the three years at all India ports.

Albxawdria Recbipts and SmPMBHTS.—Through arrangementswe have made with Messrs. Davies, Benachi & Co., of Liverpool

and Alexandria, we now receive a weekly cable of the movementsof cotton at Alexandria, Egypt. The following are the receipts

and shipments for the past week and for the corresponding weekof the previons two years.

Alexandria, Rgypl,A2>ril 12. 1882-83. 1881-32. 1880-81.

Seceipta (cantars*)—This woekSince Sept. 1

6,00J2.223,000

3^.0002,799.000

9.0002,716,000

Thit Sinceweek. Sept. 1.

Thitweek.

SinceSept. 1.

ThUweek.

SinceSept. 1.

Exports (hales)—2,000 221.000

1,533231.000163.871

11,0003,000

222,000To Continent 1,000 77,000 118,S63

Total Europe 3,000 298.000 1,533 394.871 14.000 310.563

* A oantar is 98 lbs.

This Statement showK that the receipts for the week ending

April 12 were 6,000 cantars and the shipments to all Europewere 3,000 bales.

JlAHCHBSTKa Markbt.—Oar report received from Manchesterto-night states that the market is quiet, but steady. We give

the prices of to-day below, and leave previoas weeks' prices for

comparison:

Feb. 9" 16" 23

Mch. 2• «" 16" 23" 30

Apr. 6'• 13

1883,

32» Cop.Twitt.

a.

8St »

8H1 ®8^8 "S838 »8% »(138 -a

8Ti«ai

8>4 Ibt.

Shirtings.

d. s. d.

9»86»>9 5 1l938'5 109«4l5 10»>« 5 109'43 99>4l5 9e'4i59'45

s.

«797»7»7«797

9 »79 a?9» 79 97

de4»t33333l>flli«IHl

OotCaMul.Uptit

d.

5=85»1BS»t«5»85»s5»i«

1882.

32j Oop.1 Witt. Shirtings. I vpu»

A. d.038 910

,

»'e9 a^gi^938 9 0\9- -- 6

666

g^« 9'rs

97i«»1093g9103|f9th8aioii -

giigaioHiOgT,,»io>s.601»»10i6

d. s. d.6 98& 97 10<«6 97 101s6 97 10»9i

6 97 iota

7>a987>a9a6 93G 984»«»7 IQl*

d,

67t« .

67„OH6°»

6»»OH6U,,.

432 THE CHRONICLE. fVou XXXVL

EcBOPBAN Cotton CoKauMPTioif to April 1.—We have

received by cable to-day Mr. Ellison's cotton figures broupfht

down to April 1. We have also received the revised totals for

last year, and give them for comparison. The takings by

spinners, in actual bales and pounds, have been as follows.

From Oct. 1 to April 1.

For 1882-3.Takings by spinners. . .bales

Average weight of bales

Takings in pounds

For 1881-2.Takings by spinners., .bales

Average weiglit of bales....

Takings in iiounds

Oreai Britain.

1,829,000446

815,734,000

1,853,740438

799.674,120

Cantinent.

1,720,000

435748,200,000

1,462,240432

631,843,200

Total.

3,519,000441

1.563,931,000

3,313,980

4351,431.517,320

According to the above, the average wreight of the deliveries

in Great Britain is 446 pounds per bale to April 1, against

438 pounds per bale during the same time last season. TheContinental deliveries average 435 pounds, against 432 pounds

last year, and for the whole of Europe the deliveries average

441 pounds per bale, against 435 pounds during the same

period last season. In the following table we give the stock

held by the mills, their takings and their consumption, each

month since October 1, all reduced to bales of 400 pounds each

for this season and last season. It is a very convenient and

useful summary.

Oct. 1 to April 1.

Sales of 400 Ws. each.

000s omitted.

Bplnners' stock Oct 1.

Takings in October. .

.

Total supply

Consomp. Oct., 4 wks

Bplnners' stock Nov. 1

TEkkings in November

Total supplyConsmup. Nov., 5 wks

Bplnners' stock Dec. 1

Takings in December

Total supply ,

Consump. Dec, 4 wks.

Bplnners' stock Jan. 1

Takings In January..

Total supply

Consump. Jan., 4 wks.

Spinners' stock Feb. 1

Takings in February.

Total supply

ConBomp. Feb., 5 wks.

Bplnners' stock Mar. 1

Takings in March

Total supply

Consunip. Mar., 4 wks.

Bplnners' stock Apr. 1

1832-3.

Oreat

Britain

82,

233,

315,

284,

31,

387,

418,

355,

63,

301,

2<;3,

Oontir

nent.

139,

149,

288,

244,

44,

320,

364,

305,

59,

397,

364,

•281,

45(i,

214,

820,

528,

80,

389,

212,

342,

293,

731,

469,

283,

554,

248,

1.023,

536,

181,

444,

306,

398,

487,

842,

625,

360,

704,

310,

1,329,

670,

265,

286,

394,

265,

659,

551,

551,

288,

659,

24H,

1,210,

536,

411,

Total.

221,

382,

603,

528,

75,

707,

782,

660,

122,

69S,

674,

1831-2.

Oreat

Britain.

25,

336,

361,

280,

81,

438,

519,

350,

169,

263,

432,

280,

152,

261,

413,

230,

133,

361,

494,

360,

144,

340,

4ol,

2S0.

204,

Conti-

nent.

240,

133,

373,

232,

141,

362,

503,

290,

213,

253,

466,

232,

234,

2,53,

487,

232,

255,

302,

557,

2 no.

267,

277,

514,

232,

312,

Total.

265,

469,

734,

512,

222,

800,

1,022,

640,

382,

516,

898,

512,

386,

514,

90O,

512,

388,

663,

1,051,

640,

411,

617,

1,028,

512,

516,

A more striking comparison with last year is reached bybringing together the above totals and adding the average

weekly consumption up to the present time for the two seasons-

Oct. 1 to April 1.

Pales of 400 lbs. each.

000s omitted.

Bplnners' stock Oct. 1.

TaUngs to April 1

SupplyOouBumpt'n 26 weeks

Bplnners' stock Apr. 1

Weekly Consumption.

00s omitted.

In October

In NovemberIn DecemberIn JanuaryIn FebruaryIn Maroli

1882-3.

Oreat Conti-

Brltaln nent.

82,

2,040,

2,122,

1.859,

263,

71,0

71,0

71,0

72,0

72,0

72,0

139,

1,871,

2,010,

1,599,

411,

61,0

61,0

61,0

62,0

62,0

62.0

Total.

221,

3,911,

4,132,

3,458,

674,

132,0

132,0

132,0

134,0

134,0134,0

1881-2.

Oreat

Britain nent.

25,

1,999,

2,024,

1,820,

204,

70,0

70,0

70,0

70,070,070.0

Oonti-

240,

1.580,

1,820,

1,508,

312,

58,0

B8,0

58,0

58,0

53,0."if.O

Total.

265,

3,579,

3,644,

3,328,

516,

128,0

123,0

123,0

128,0

123,0129.0

The foregoing shows that the weekly consumption in Eu-rope is now 134,000 bales of 400 pounds each, against 128,000

bales of the same weight at the corresponding time last year.

JuTB Butts, Baooino, &o.—There has been but little cha.ngen the market since our last and the demand does not improve.The only. transactions noted are for jobbing orders, and no

inquiry is to be reported. Prices seem to be a shade easier, and,thodgh sellers are generally quoting 9c. for 13^ lbs., 9J6o. for1% lbs., 10%c. for 2 lbs. and Ho. for standard grades, thereare parcels obtainable a shade less. Butts are in moderaterequest and transactions to the extent of 1,500 bales in lotsare reported at lj^@2e. This is for paper grades, and themarket closes quiet at those figures, while bagging grades areselling as wanted at 2J^@2%o.

COMPAEATIVB PORT RbCBIPTS AND DAILY CROP MOVEMEST.—A comparison of the pjri; in jvam-fiit by weeks Is not acearateas the weeks in diffvreuC years do not end on the same day ofthe month. We have cjusequently added to our other standingtables a daily and monthly statement, that the reader mayconstantly have before him the data for seeing the exact relativemovement for the year.i named. The movement each monthsince September 1, 1883, has been as follows:

1877.

Xonlhly r<!«r Befftnning September 1.

Reeaipts. 1882 1881. 1880. 1879. 1878.

Sept'iub'i 328,656 429,777 458,478 333,643 288,84-Octo'Jer.

.

930,581 833,193 968,318 888,492 689,26;Noverab'i 1,0?4.6j7 974,013 1,006,501 942,272 779,237Deoemb'i 1,112,536 996,8j7 1,020,302 956,461 893,66 1

January . 752,827 437,727 571,701 647,140 618.72;February. 595.59S 291,992 572,723 447,913 566,321March... 483,772 257,093 476,532 261,913 303,95.-.

Totalyear 5,345,670 4,290,640 5,073,110 4,480,812 4,140,519Pero'tage of tot. pori

receipts Mav. 31.. 9089 8640 89-58 9310

98.491

578,533822,493

900,119

689,610472,054340,523

3.901,825

89 73

This statement shows that up to March 31 the receipts at theports this year were 1,055,03S bales more than in 1881-82 and270.560 bales more than at the same time in 1880-Sl. By addingto the above totals to Mar. 31 the daily receipts since that timewe shall be able to'reaeh au exact comparison of the mavemeutfor the different years.

1882-83 1881-82. 1880-81. 1879-80. 1878-79.

Tot.Mr.31 5,345.670 1,290.64' 5,075,110 4,480.312 4,140,519

Apr. 1.... S. 6,612 15.516 5.922 9,393" 2.... 8,096 8. 10,903 8,298 5,570" 3.... 15,534 7,501 8. 6.524 6,735" 4.... 12,239 9,772 23,210 8. 11,236" 5.... 13,597 7,048 13,035 8,237 5,491" 6.... 13,354 4,022 9.980 6,338 8.

" 7.... •15,310 9,512 13,636 6,24: 10,317" 8.... 8. 1,170 14.912 5,264 9,222" 9... 11,306 a. •9,678 4,717 5,3l(

"10.... 18,304 7.337 8. 5,156 6,362"11.... 7,506 6,990 13,867 8. 7,649" 12.... 9,434 3,791 11,621 9,905 6.835"13.... 15,783 3,592 8.010 7,353 8.

Total 3,486,138 4,361,037 5,219,498 1,554,799 4,225.239

P^roeutag8 of total

nort 'eo'r)ts Anr. 13 92-39 88-86 9106 9501

3,901,825

13,764

9,8346.649

5,114

14,158

5,8178.

11,515

9,7249,790

4,729

9,8186.-299

1,011,034

92-30* 4,713 Ualcs added as ooi-rcction.

This statement shows that the receipts since Sept. 1 up toto-iiight are now 1,125,101 bales more than they were to the sameday of the month in 1882 and 266,610 bales more than they wereto the same day of the month in 1881. We add to the table

the percentages of total port receipts which had been received to

April 13 in each of the years named.

The Exports op Cotton from New York this week show anincrease, as compared with last week, the total reaching 13,469

bales, against 12,447 bale.*) last week. Below we give our usualtable showing the exports of cotton from New York and their

direction, for each of the last four weeks ; also the total exports

and direction since September 1. 1882, and in the last columnChe total for the same period of the previous year

Exports OP Oottos (balks) from New York since Sept. 1. 1882.

Week ending—Totalsince

Sept. 1.

Sameperiodprevi'uiyear.

Exported to— March22.

March29.

A^ra April12.

5,916 8,933 8,772 9,683 368.9433.426

294.849Other British ports 6,972

Total TO Great BarrAiN

Havre ... .... ............

5,916

68

8,933

360

8,772

774

,9,683

303

372,369

24,442100

301,821

21,619Other French ports

68

2,663703432

360

2,197

"g'oo

774

901

i',556

303

1,680342

1,221

24,542

46,79123.91951,214

21,649

Bremen and Hanover—Hambure .................

34.38914,7845,083

TOTALTO North. Europe

Spain, Op'rto, aibralt'r,&c

3,805

30300

3,097 2,451

150300

3,216

132100

123,951

3,0975,810

54,256

837354

330| 450 232 8,907 1,191

Q-RAND TOTAI* ........... 10.119 12..190 12,447 13,469 529,772 378.917

The FoLLowisa are the GIboss RECEipra of Cotton at NewYork, Boston, Philadelphia and Baltimore for the past week,

aud since September 1, 1882:

APBir, 14, ISbS,] THE CHRONICLE. 433

Reeeiplffrom—

Tbisjroar.

Xew Turk. BOHtoH.

riiitISine*

wMk. Sept. 1.

"i'33 0.47112.247 158.11.M)

i.av.t 4!i.30n

l,t)2.1 208 » 11

TMmweek.

siu2,I.'>0

1,401

SinceSept. I

7,10.\20.74.'i

B4,4IM8,452

"896

6,V778

PHUniMiiKiii.

S I •'.III 1,;H8 lltl.4»03,2-<'l 133.1 s:<; 3,808,150,433

19!) 2,73.->i

27,313 11,2.^8 43l,4->9

Keek.

183

"lii

f.80l)

<.Zf<7,

SinceSe/iLl.

13,345

,772

",.V»4

'.503;

BalHmnrr.

Thitweek.

1,740

S03H3

4,3U6

i'.i'ii

sinceSf,,l. 1.

80,450

I0.:i27l'i.'^38

103, :hi2110

4:1,0.')*)

11,873 203.(101

Lwt year. 20.337 I I S.ngO 37.5.0J5 3..' 00 82.2,^7' 5,085|100.S0H

• 1,123,S43 I l,0iVB,3u(l 1133,304

BHiPPtifo Nbws.—Th« exports ol cotton from the FTnited

StateM th« pant wowk. tm p"r Intent mall retornn, hi»v« resi'hfd

96,946 baltw. 80 far at thf S. mtharn port« are coneern«d, these

ar« the .sam>4 export.H rnportHd bv telet^raph, and publinhe 1 id

tne Chri>»iol8 l.i-it Friday. With regard Ur New York, wetnolade the in-\iiifeHt4 of all ve.-«el.s oleared ttp to TuiirsJ.iy

nlKht of this week:Total batet.

New YoiiK—To Llvpri>ool, per steamers Alnikii. 3,199... .CeUlisl,7t>2....l!:u(.'lnnil. l.S04....1Ininiiol(lt. «.)O....Lako Nepl-Koii. lll....8:iriliiiinii, 20ti....Si-ytlilii, 2,156 9,'

To Havre, inn* ^teiuiitn" Ciiiuiila, 303To Mrcinrn. per «teamrrs llalmliiirii. 8i5 Main. 825 1.

To llniiihiii');. per Ht<"aiiier« C'lilifomia, 212 FriMla, 100...To AiiisU'tilaiu, pur steumcrH Stella, (adJltiuaul) 05 Ziinu-

duiii, (i.'i3

To Antwerp, per steamers Helvetia, 200 Ludwig, 200....Ne.lerlaliil. 100

To Kareeloiiii, per steamer Rureuiidta, 132To 0<le-8aa. per steamer WaHhtnptoii, 100

Hbw UKi BANS— Til Liverpool, per steamers Haytlaa, 4,599....JmiLiieaii, 2.423 ...Mediator. 3.410

To Havre, per steamer Consul, 1,307 1,307To Kreraen, iier steamer Coroullla, 2,650... per bark Tboreso,3.743 6,393

To Keval, i>cr ship Bonanza, 4, ISO...per bark Prince Arthur,3.051 7.801

1)3

SO12

718

.n08

132100

10.102

To liiKa, per bark Pandora, 1 .750 .

To (Jeflc, Sweden, per bark Trlno, 1,643To llarcelona. iter steanier Santiaj^o. 2.066

Cbari.k.'*t<)N—To Itrenieii. jier steamer lioyal Staudaiil, 3,593.To Antwerp, per bark Medusa, 1,100To Keval, \wr bark Hereward. 2.825 -

To llaroelonii, per barks Kaleo, 1,344. ..India, 2,400Savannah—To Bremen, per ship .savannah. 5,200

To Am.^terdain, per bark Belvidere, 2.600 .

To Iteval. per sliips Edpir. 4 24.'i Hoiden, 2,500....perbarks Oskarsvarf, 2,4IH1. ...Vigilant, 2,800

Texas—To Liverpool, per ship Ltna, 2,700 per bark Stanley,2.1161

To Cronstailt. per bark Siirlderren. {additional) 4To Oenoa. per bark .Mar;carerlia. 800To Vera Ciiiji. i>or steamer Whitney, 1.312

BJlI.Timoke—To Liverpool, iHir steamers Parlsiaa, 3,707.... St.iMinstan, 2,197

To Havre, per steamer Flaehat, 1,299To Bremen, per steamer Hermann, 2,176To Kotterdam, per steamer Joshua Nloholson, 53.;

Boston—To l.iveriMM)!. per steamers Atlas. 1,411 Illyrlan,475 Iowa. 1,346

t"HII.Ai>Ki.PHiA—To Liverp<K)l. per steamer British Prince. 1,200fiAK Fkascisco—To Liverpool, per ship Biitish General, 74

(foreign)

Total 96.916

The particalars of them shipments, arranged in oar nsaalform, are as follows:

Bre- I nts'(tam, Reval,wen t£ Hatter- Jiif/a i£

nam- dam rf- Oron'

1,".°>0

],0432,0n63,5931,1002,S253,7845.2062,tj00

12,035

4,7644

8001,312

5,9941 ,2992,176

53

3,2321,200

78

Liver-vool.

9,«8S10.462

New York.,N. Orleans.Charleston.BsvannahTexas 4.704Baltimore.. 5,994Boston 3,232Philadi-lp'a l.iOOaan Fran.. 78

Havre,303

1,307

1,299 2.176

l>urg. Aniw'p. tladt.2,022 1,224

9,.'V.>1

1.100 2.8252.600 12,035

453

6,3933.5935.206

Oefle.

i",843

Barce-lona.132

2.0(iii

3,784

Total13,16931.42211.30219.8116.SS09,5223,2321,200

78

Total... 35,113 2.909 19.390 4.97721.415 1.643 5,982 989;6Included in the above totals are, from New York to Odessa, 100 bales;

from Texas to Oeuoa, 800 biiles and to Vera Cruz, 1,312 bales.

Below we add the clearances this week of vessels carryinsrcotton from [Juiced States ports, bringing onr data down to thelatest mail dates:

New ORi.RANg—For Liverpool-April O—Sldpllesperldes, 4,807. ...April10—steamer (Jraeia, .'>,7,'jO.

For_ Havre-April 7—Steamer Marseilles, 6,088: ship Caledonia,

For Bremen—April 10—Steamer Antonio. 7,414.For Antwcrp-Anrll 7—Steamer Marseilles, 197.For Keval -April !)- Barks Ko.\, 1.7.=>0; Tamora, 1,850.For Vera Crnji-April 7—.Steamer City of .Mexico. 984.

MOBII.K— For Havre—April 9—Bark Armenia. 3,9.J7.Bavannaii—For Liverp.M>l-A|irll 6-.Sliip Ardmore, 4,372.

For Cronstadt-April 7-Ship Adolph no, 5,000.For Bareelona— April 6—Bark C scar. 817.

CaARi.KSToN-For Llverpi.ol-A,<rll lo—Bark Bessie Parker, 2.296.lor Ueval—April B- Bark Nellie T. Quest, 3,158. ...April 7—Barks

Ln>,'lebreeht, ; Vasa. .

For Harei^ona-April 7— Brig LIsta. .

Nonroi.K-Fnr Livetpi.ol-April 7-B,Hk H. B. Cann, 5,657.I'orltoval—April 10- Britf.Mario I»ul8c,!165.

BoBT»)N—For Liv.riMiol-Aoril 3-8ieamer Bulgarian, 760. ...April 7—Steainirs Istrian. 1,399; Kansa-s, 1,4^0.

FutLADKUPiiiA—For l.,iverpool-Aprll 6—Steamer Pennsylvania, 1 ,000,Below we give all news received to d^te of disasters to vessels

oarryiiij,' cott.jn from United Statas ports, &e.

:

Cm OF riiK.STKR. steamer (Br.), before reported, from New York forJ.ivcrimol whiuh put liiU) Halifax, March 12, with sliaft broken,would lluish repairs, and was exi>oote<l to leave Halifax April 12,

for drsllnailon. Part of oarito hwl iHM'a transhlpiMHl and th*retnalnder would be taken forward, ft l.v Mie flii.l.p

OlTT <>r LINCOLN, nleamer (llr.l. I.1 Vew

Orleaii,*. astiiire at Houth 1V> thoCity of Lliii'olii oir liiul iirov

'

riiarear,;. I li.iil been reiiioveo.

Monito Ctsn.K. Hieanno', Iwfora renorind burnt lit Cliarleaton. TlMeanto saved In a damaKnil eoiidltloii In lut folliiwii: 237 bliU. hmId,l,OI<l bales eo'.ton, .'> bales yellow inutal, ami 18 bale* douioaUoa.Total value of Koods naviid l|)23.29i

Cotton freiKhts the pant week have been as follows-

Uverpool, steam d.

Do KM...d.Havre, (team c.

Do laii e.

Bremen, steam, .e.

Do sail e.

Bamburi;, steam.d.

Do 8all...rf.

^mst'd'm, Hteaiu.c.

Do sail...!/.

Baltic, steam....'/.

Do sail e.

Baroeiona,steam.e.|i3|aa''8

Genoa, steam . . .rf.I

\'

Satur. Uon.

"•«-'»«« "«4-'»M

17„.

52>at

"32*

52 'at

t'laWV

Tuti. Wedtut. r*wr«.

«'m-'»B4

"m- «^M' "m*

'm®"*' 'asaV 'aja"*

52>«l 52>9l 52V«8* V »«•

"is^V

>'«4-"»M

52Ht

• Compressed. t Per 100 Iba.

Liverpool.—By cable from Liiverpool, wa have the followingstatement of the week'.s Hales, stocks, &c., at that port,

add previous weeks for comparison.

Bales of the week bales.Of which exporters took ....

Of which speculators took..Bales .\mericanActual exportForwardedTotal stuck -EstimatedOf which Amerieau—Estim'd

Total import of the weekOf which Amerieau

AmouutafloatOf which Aroerioan

itch. 23

43,5005.8002.600

28.0005,70'l

17, .500031,000668,00069,00052,000

331.0002is.;)0o

OtfcA. 30 April a AprU \Z.

3 t..5O0

3.3001,530

23,5003.500

16,500955,000685,00074,00053,000

3i;3,000210.000

50 003,30'1,32.

36.0007,8 Hi

29,000l,012.50<'748.00(1140,00fi117,00<,302,00(.170.00<i

60.0003,5003,100

47,0005.100

20,000995,000730,00073,00041.500

202,000172,000

The tone of the Liverpool mjirket for spots and futures eacliday of the week ending April 13, and the daily closing pricesof spot cotton, have been as follows.

Spot.Saturdaii Mondeiit. Taetdaii. Wednen, Tnnrtd'l/ fyiday.

Market, \

12:30 p.M\

Mid Upl'dfhui.Orl'ns

SalesSpecifeexp.

Dull.

5».8508

6,000500

Mod. tnq.freely

supplied.

508

10,,>0C1.50A

Steady.

Ik'lO.lMX"2.0*1

Steady.

5»,s508

10.0001,01(0

Gooddemand

freely met

foi"

12.0002,000

Gooddemand

freely met5»8

5"i«12.0002,000

t'ltureg.

Market, (

:2:30 p.m.5

Market. }

5 P. H.

Quiet.

Qnlet.

In tiayers*favor.

Steady.

Firm.

Barelyatea.lv.

Quiet.

Quiet.

Steady.

Barelysteady.

Qulat.

Barelysteady.

The opening, highest, lowrfst and closin.^ prices of futures atLiverpool for ^-ach day of the wenk ar-< givrfn below. Thesepriee.s are on the basis of Uplands, Low Middling clause, aolesiotherwise stated.

17* Tlie prico are given in pence and 6 Uht, thus; 5 62 m«an< 5 62-64<l>

and 6 03 means 6 3-64<f

.

8at„ Apr. 7.1

nion., Apr. 9. Toea.. Apr. 10.

Open High Low. OlM. Open

d.

BU/h Vow.

d.

CtM.

d.

Open BigkLow. CiM.

d. d. It. (J. (i. a. d. d. d.

April 536 536 S3« 5.S8 5SS 136 536 6 8a

April-.May . 5 86 53« .5.15 5 36 6 36 537|53« 8 37 637 637 6 37 687May.June.

.

538 589 538 538 Sb9 5 40,6 38 &3» 640 6 41 5 39 639

Jane.Jaly.. 541 5 41 541 5 41 5 4'j 5 43 548 642 648 843 543 6 43July-\nit... 641 5 44 5 44 5 44 5 41 3 41) 544 646 8 46 8 47 645 645An,!.-Sept.. sn 5 47 6 47 5 47 6 48 6 49 5 4S 6 49 849 550 5 4'* 6488ept.-Oct... .... ..* .... 645 645 645 6 43 8 47 647 6 47 647Oot.-NoT.... .... 640 540 640 540Nov.- Dec... S»l 636 636 636 637 5 3> 637 637 6 8d 538 636 68«Dec.^Jan.... ,.,.

Wedneik, Apr. 11. Tkara., Apr. If2. Fri., Apr. 13.

Open Bivh IjOW. CIM. Open

d.

Loui. Clo». 0pm

d.

BiQh Law.

d.

Cto.

d. d. d. d. d. d. d. d. d.

April 5S7 537 687 587 837 5 87 838 638 ..- ....

AprU-Moy.. 537 63? 537 837 888 63S 538 6 3S 839 63il 588 680May.Jnne.. 540 641 840 840 3 41 5 4« 640 5 4] 5 41 641 54« 84SJune-July.. S43 6 44 6 48 6 48 543 545 6 43 544 846 B4« 648 84*Jnly-AuK... 545 5 4« 6 46 64< 5J7 5 44 547 5 47 8 49 849 5 48 643Anic.-Sept.. 549 550 54i> 64» 54.1 651 849 650 863 55« 661 »st8ept..Oct... 8 47 8 47 546 6 46 5 47 6 49 6 47 649 649 849 5 49 84aOct.-Nov.... • ... .... 6 41 5 4i 5 41 B4j ....

Nov.- Deo... 636 333 6 3s 538 638 6 40 638 510 6 40 840 540 840Dec-Jan... ...

4S4 THE CHRONICLE. [Vol. XXXV I.

BREADSTUFFS.FRIDAY. P. M.. April 13, 1883.

Flour has been in rather better demand of late, and, in re-

sponse to some advance in wheat, firmer. The lower grades

have been held with the most confidence, the supply being still

moderate, and, though the better grades have continued plen-

tiful, some reduction in the production at the West and South

has combined with the somewhat higher prices for wheat to

place them in a rather better position. To-day there was a

fair business at steady prices.

Wheat has been irregular in price, now advancing and nowdeclining, according as the fluctuations at Chicago, or the crop

reports, favored holders or buyers. The" prices for options to-

day are a fraction under those of a week ago for this and the

two following months, though 1/^c. higher for July and

«lightly dearer on the spot. There has been a brisk trade in

options, and at one time, owing to reports of serious damageto the winter wheat, the market was very strong. The report

of the Agricultural Bureau as to the condition of the winter

•wheat was considered unfavorable, and caused considerable

covering of contracts, both here and at Chicago. It is

claimed by some that considerable damage has been

done in Indiana, Ohio and Kentucky, and that the 'crop

in Illinois has also been somewhat injured. There has

been less foreign trade here since holders advanced their

quotations, though ocean freights here still favored exporters.

To-day there was some irregularity in prices, the opening

being slightly lower, though later on there was a recovery

and an advance of ^c to %o., attended by fair transactions;

No. 2 red sold at $1 U%@$1 17 for April. $1 17%@.?1 18X for

May. $1 19%@$1 20>i for June and ?1 19®$! 20 for July.Indian corn has been fairly active at soma advanc", mainly

owing to a firmer wheat market. It is gathered from thereport of the Agricultaral Bureau, however, that the stock in

first hands in the country is only 409.000,000 bushels, a circum-stance which holders interpret favorably, in view of the liberalconsumption and of the fact that no further supply can beobtained till next winter. The receipts at Chicago have beenmoderate, and there has been, it is stated, no little coveringdone by shorts there as well as here. To-day there was adecline of 3^@lc early in the se.ssion, but prices rallied later

and sales were made before the close at some advance. No. 2mixed was quoted at 65@65^c. for April, 65/^c. for May, 65i4c.for June, 66%@66Mc. for July, and 67^c. for August.Rye has been quiet but ab ut steady. Barley has declined.

Oats have sold fairly at lower prices for mixed, while white havebeen higher. To-day the market was firm ; No. 2 mixed soldat 51051^0. for April, 50?4@51>^c. for May and 50M@51c. forJune.

The foUovring are closing quotations :

No. 2 spring. ..¥ bbl. $2 40aNo. 2 winter 3 OOa 3 60Superfine 3409 3U0Bprlng wheat extras.. 4 009 5 00do bakers' 5 00a 6 75

Wis. & Mien, rye mil. 5 noa 5 50Minn, clear and stra't 4 503 6 75Winterslilpp'gextras. 3 60s 4 25Patents, spring 6 00 a 7 €0Patents, winter 5 503 7 25

GRAIN.

FLOUR.3 25

Iat}- shlpplnK extras. $5 103 5 75Southern baKers' and(auiily brands 5 ,50a 6 75

StiutU'n slip's extras. 4 75a 5 50Rye flour, superfine.. 3u0» 3 75Corn meal—Western, &c 3 003 3 40Brauiiy\7ine, Am 3 453 3 55

Buckw'tflour.lOOlbs. 2 75 3 3 00

Wheat-Spring, per busU It

Spring No. 2 i?

Bed winter, No. 2 1 1 8 1^ S 1 20Red winter 1 06 ai 18White 81 ai 23White No. 1 Ill slllia

COiii— We-st. mixedWest. mix. No. 2.WhiteYtUow

Buckwheat

58 a1-514865 a65 a64 9

6366 14

6868

Hye—We.%ternState -k Canada..

Oats-MixedWhiteNo. 2 mixedNo. 2 white

Bai'ley—Canada No 1....Canada bright..

-

Canada No. 2State, 4-rowed...State, 2-rowed...

71 ®72 a

50 »52ifla51 954%*

95 t>

98 890 a>

85 a78 a

7377

5357511455

8880

The movement of breadstuffs to market is indicated in thestatements below, prepared by us from the figures of the NewYork Produce Exchange. We first give the receipts at WesternLake and River ports, arranged so as to present the comparativemovement for the week ending Apr. 7 and since Aug. 1 for-each of the last three years:

JtecHpts atj— JTour. Wheat. Corn. Oats. Barley. nve.

BI)!s.l06!6s Bltsft.60 16« Bitsh.56ii>« Bush.32 !b» Bush.iSlbs Bush.5e lbs<^1caK0 49,353 195,722 1,289,728 288,771 76,705 20.706Milwaukee .

.

45,161 82,285 33.940 29.800 88,893 8 800Toledo 2.219 152,261 83,622 11,412 8,819Detroit 5,958 97,805 75,264 23,979 15,344-Cleveland

—

2,451 15,500 7.500 14,400 2,5008t.-LoulB .... 80,542 98.237 420,185 95,502 45,726 4,983PeoriaXhiluth

eio 8,600

10,000

187,150 17-;,330 6,100 4,000

Tdt.wk. '83 13S.627 630,493 2,097,389 63S,S74 235,270 49,808

22,741

22,3,35

fittme wk. 'Si 115,350 421,818 1,185,735 677,630 86,424Same wk. '81

SirrccAuK.l-193,793 887,913 1,892,744 570,773 109,334

1888, 7,084,079 84,141,231 67,970,452 8«,50«,081 13,711,539 3,508,0265,654,504 33,381.578 81,783.343 25,879,609 10,821,9!28,087,720 63.347.918 82,547.085 28,099,785 10,753,230 2,905.908-

The comparative shipments of flour and grain from thesame pons from Dec. 25, 1S32, to Apr. 7, 1883, inclusive, forfour years, show as follows:

Flour bbla.1882-83.

2,856,507

meat bush, 5.462.731Oom 23,681,109C»W 10.108.359Barley 3.690,074Kye 566,120

1881-82.2,020,893

4,612.89018,308 5897,913.9211,559,131664,569

1880-81.2,379,416

5,497,19916,173,0S86,766,9141,558.2S5721,219

1879-80.1,323,751

7.038,23323,637.904,4,096,9831,076.589437,792

Total grain .... 43,901,413 33,039,403 29,719,703 36,407.521

Balow are the rail shipments from Western lake and riverports for four years:

1883. 1882. 1881. IO8O.^Jeek Week Week Week

Apr. 7. Apr. 8. A)>r. '.). Apr. 10.Flotfr bbls. 150,315 100.468 204,618 102,912

Wheat 'yash. 236,301Com..., . ,.. 909,007Oats 575,295Barley 171.398Rye 20,291

85,565.566.53662-.',312

95,41225.077

504.3301,267.871416,92066,34372.758

1,514,6765,471.391512,0,178!.9J6

148.301

Total 1,913,833 1,391,952 2,358.221 7.730,317

The rail and lake shipments from same ports for last fourweeks were:

Week Flour,endina— bftls.

Apr. 7. ..150.315Mar. 31. ..214.605.Mar. 24. ..1-10,361Mar. 17. ..152,221

Wheat,bush.236,394256,418192,174470,227

Oorn,bush.

1,241.0741,255,3131,410,893

Oats,bush.

582,133641.443896,693

Tot.,4w. 697.502 1,155,313 5,673,581 3,

4 w'ks 82..459,221 1,016,027 4,699,433 2,

1,766,271 1,070,962

191,2;6047,568

Barley,bush.171.8.13J 55.5 18258,331315,853

Rye,bush.20.29443.17-135.-29031.053

901,605 131,811313,709 112,121

The receipts of flour and grain at the seaboard ports for theweek ended April 7 follow:

Flour, Wheat, Oorn, Oats,At— obis. bush. bush. bush.

New York 140,353 216.6.50 536,737 303, -230Boston 86,328 78,276 236.100 90,525Portland 12.211 116.929 8,300 1,700Montreal 11.495 12,800 3,922Philadelphia... 27,641 75.800 177.100 68,900Baltimore 32,462 112.385 201,579 16,150New Orleans... 17,089 27,930 2-20,162 47,413

Barley,hush.

72,7007,130

2;6od10,300

Bye,bush,

45,100500

"500

1,560

Total week... 317,579 610,939 1,382,968 531,890 92,650 17,660Cor. week '82.. 155.733 230,167 272,391 358,177 107,950 7,214

The total receipts at the same ports for the period fromDec. 25, 1882, to Apr. 7, 1883, compare as followa for fouryears:

1882-83. 1881-82. 1880-81. 1879-80Flonr bbls. 4.371,791 3,137.357 3,653,835 2.177,301

Wheat.C'lm....Oita.,..BiTley.Bye....

..lush. 14,263,53326,991,4776,699,6301.425.503295,117

15,149,64723,096.6225,639,890l,5.i8,349523,919

12,757.46435,819,4156,272 1511,313,9103:8,019

Totalgaln.... 49,630,355 21,620,051 45,913,927 55,131,012

The exports from the several seaboard ports for week endingApril 7, 1888, are shown in the annexed statement:

Exportsfrom — Flour. Wheat. Oorn. Oats. Sye. Peai'.

New YorkBoston. .

.

Portland

.

Montreal.Philadel..Daltim'reN.Ori'ns .

Bbls.104.12523.53512.211

7.i2427,802334

Bush.637,32548.856

111,929

22S',21857.200

Bush.520,89159,28-^

280.72-2495,922456,095

Bush.190

Bush.41,507

Bush.8,669

1(5;353

Total w'V.S'me time1832. .-

155,269

124,051*

1,088,538

558,211

1,812,916

404.592

190

3,093

41,507 25,021

51,224

The destination of these exports is as below,corresponding period of last year for comparison:

We add the

Flour. Wheat. Cm'n.

Exportsfor weekto—

1883.Week,Apr. 7.

1882.Week,

A2>r. a.

1883.Week,Apr. 7.

1882.Week,Apr. 3.

1883.Week,

Apr. 7.

1882.Week,Apr. 8.

Un.Kin.g.Contiu'nt8.& C.AmW. IndiesBi-it. Col'sOth.c'nt's

Bbls.119,715

4,7908,115

13,7468,583315

Bbls.67,6775,360

22.95721,4776,243323

Bush.707.410379,602

750

"'"'796

Bush.426,224131,987

Bush.1,333,333457,29316,3685,327100440

Bush.345,335

2,33l>19,58131,8265,600

Total... 155,269 124,039 1,088,558 558,211 1,812,916 404,592

By adding this week's movement to our previous totals vve

have the following statement of exports since September 1, thi»

season and last season.

Exports since

Sept. 1, to-

Un. KingdomContinent . .

.

S. &C. Am...West Indies.

Brit. Col'nles

0th. coimtr's

Total..

1882-83.

Sept. 1 to

Apr. 7.

Bbla.

4,344,8-J2

377,870

442,7H5

673,576

340,418

28,271

0,107.r>42

1881-82.

Sept. 1 to

Apr. 8.

Bbls.

2,082,895

144,927

434,41b

408,848

294,403

23,658

.1.388.748

1882-83.

Sept. 1 to

Apr. 7.

BuA.23.613,015

22,070,484

89,938

55.550

7,808

803.206

51.047.96S

1881-83.

Sept. 1 to

Apr. 8.

Bush.22,623,095

9,420,314

6,650

21,760

286,134

1882-83.

Sept. 1 to

Apr. 7.

Bush.18,873.015

3,296,955

220,832

263,457

73,432

104,549

1881-82.

Sept. 1 to

Apr. 8.

Bush.17.339.609

4,ISO,906

S.>7.981

435,384

105,183

43,619

32.29a.9i):J 22.^36.2701 22.432,701

Ar.n, U, 18SS.J THE CHRONrCLE. 485

The Ttelbi* snpply of grata, comprlHing the Htookii in grnnnry»t th« principal points of acoamulation at iaIcH and Koahi^ird

porta, auil iu tratwit by rail and water, Apr. 7, 1883, wiw an

follows: __Com,biuh.

1,306,200

Wheal,lutloreal— fru«A.

New York 4,160,238Do. alloitt (est.)

iUb»nr ai-OOOBuffalo 64i^.l'.'5

Ohtoa(to 6,iai.l75Do. nOout 521. •24

MilWKiik.* 1.2ti2,5H3Duliitli 1.2l);i.2J4

Toledo 2,liOti.23l

Detroit l,^i^.34!

70,000

OaU,bngh.

8S2.on361.00079.01)027,llt9

7,85i,8.V0 1,525,758l,00l,«70 102,000

14,491

0.80525,929

SarUy,buth.

40,81052,0003 -1,00011)0,310117.13?

bunh.

2.':l ><22lMi;,i)O0

1 l'..i)(IO

IS. ;7i!

8.".«.702

Do. afloat.OsweiioBt. Ixiiim

Clui'iiinatlBon loll

Torontoklonlr,>ulPliUa>li'l|>llU

P<H)rt»IndlaiiaimllaKaiuas *i\VfBaltimoreDown MiBsUattpl.On rail

228.0J820,000

701,67375,000100,805508,310221,111505.5124311

323.800134.110625,151

236,301

6P7,i78129,933100,05318.000

8.242.26753,22735.3522.200

lO.GBO785,103767,261138,700417.325417,416332,007909,007

2,00010.5.97347,837164.888

20095.861135.716141.64353.00011,817

22,898

11,006

26',6b'636,857

180,0552,831

147.60136,000

6,605

50,848

10,522

40.000,M . 1 1 ^0!)..">0-l

1,51619

26.028

iSH'i:':,2

i.'..t;oo

33,iiO0

6.82^575,291 171,899 20,291

Tot. Apr. 7. '83. 22.310.953 I8.223,0OS 4.057,608 1.098.2.10 1.8.57.858Tot. Mar. 31. '83. 22.631.(U5 17,788,240 4,3J0,7S2 i.4S9,S:8 1.910.803Tot. M;ir. 24. '83. 22.H.56..%yl 16,5!)3.4'il 4.54;i.28S) 1.824.36H 1.017.516Tot. Mar. 17. '83. 2.1.!>6<>.020 14.021.8S9 1.571.221 1,801.011 1,871.612Tot. Apr. 8, '32. 11,732.328 8.011.418 1.529,700 933,233 93S).08S

AoRiciJLTLTUL Dbi'artmbst'3 REPORT.—The Department ofAgriculture reports the condition of the winter srain crop onApril 1 over its entire breadth. In Michigan and other northernterritory wheat was still covered with snow. In the OhioValley winter protection had been partial for a term, locally

Tarying from three to ten weeks, after which loss from freez-

ing w,i8 quite general. The average depreciation is greater in

the upper part of the Ohio Valley and in Kansas than else-

where. East of the Alleghanies the condition is good in

the northern belt, declining slightly in lower latitudes. It is

not np to the average in any part of the South. The averagefor the crop ia 80. Iiast April it was 104; in 1881, 85. Themost observing reporters nave examined the roots, and in

many case.s found them healthy, while the plants are brown.There is good reason for believing that the real condition ofwheat i.s, therefore, less unpromising than it seems.The averages of condition in the States of large production

are: New York, 101; Pennsylvania, 95; .Ohio, 70; Kentucky, 80;Indiana, 75; Michigan, 93; Illinois, 80; Missouri, 83; Kansas,70; California, 62. The average of winter wheat varies little

from !a.st year's breadth. The returns indicate an increase of1 per cent:—Illinois returns 2 per cent increase; Ohio, Michigan,Indiana and Missouri, 1 per cent decrease; California, 10 percent increase. A slight decrease appears in the Gulf States.

The acreage of winter rye is 99 per cent of last year's breadth.Average c >ndition, 94,

The Chop i» CAUFOEinA.—The Daily Examiner of San-Francisco, under date of April 4, states: " A renewed rainfallin various c mnties of the State raise sanguine hopes of a muchlarger crop of grain than is harvested iu average seasons."The Sau Francisco Journal of Commerce of April 5 says:

" The event of the week was the rain storm, which, beginningon Easter Sunday night, ejntinued with more or less violenceover the coast until Saturday morning. The total rainfall in

San Francisco was about 3 inches—the average over the State

3J^ inches—in the San Joaquin Valley and the south 2?4inches. It has revived the hopes of the farmers and traders all

over the State, and we now confidently predict seventy millionbushels of wheat and eleven million bushels of barley."

In another column, on the same day, the same paper states :

" The acreage of grain is greater in California this season than•ver before, and the prospects for a corresponding increase inth« harvest are very nattering."

THE DRY GOODS TRADE.FsiDiT. P. M., April 13, 1883.

Business has been sluggish in all the wholesale branches of

ths dry goods trade during the past week, owing in a measure

to the backwardness of the season, which has unfavorably

influenced the demand for consumption. The demand for

foreign and domestic goods at first hands was strictly mod-

erate, and while actual wants were supplied without hesitancy,

there was not the least disposition on the part of jobbers to

anticipate future requirements. The jobbing trade was most.

ly quiet, in spite of eflforts made by some of the leading firm-

to stimulate busines-s by offering certain lines of goods at rel-

atively low figures. The tone of the cotton goods market has

lost some of its firmness, and a few makes of colored cottons

have been slightly reduced, as have indifferent styles of

prints; but in other respects values are without material

change, and fairly steady.

DoMKTig CorroH Goods.—The exports of domestics for the

week were 2,513 packages, Including 505 to China, 403 to Ar-

gentine Republic, 277 to Venezuela, 980 to Santo Domingo, Alto n. S. of Colombia, 161 to Newfoundland, 149 to Uraill, 130

to Great Britain, &c. The demand for brown and bleached

cottons was chiefly of a hand-to-mouth character, but some

fair orders were placed for eetton flannels for fatnre delivery,

and an Increased movement in leading makes of tickings was

stimulated by price concessions. The best makes of h«aT7-fine brown sheetings, flue and medium flne bleached shirtings,

wide sheetings, and corset jeans, continue flrm because of thelimited supply;'.bnt ontside makes of the above—and especially

the lower grades—favor the buyer. Colored cottons have ruledquiet, and prices are more or less unsettled. Print cloths werefairly active, bat easier at 3 9-16@3^o. , less 1 per cent, for 64z64a,

and 8®3 l-16c, forG6xG08, with moderate sales at the inside quo-tations. Prints, ginghams and lawns were quiet in first hands,and only moderately active with jobbers; but the most de-sirable styles are fairly steady in prices.

Domestic "Woolbs Goods.—The woolen goods market openedvery quiet, but the arrival of a good many Weslem clothiers

gave a slight impulse to the demand for men's-wear woolens,

and a fair business in ca-ssimeres, worsteds and satinets wasdone toward the close of the week. The demand for springclothing has not, however, realized expectations, and until this

branch of the trade becomes more active, it is more than prob-

able that clothiers will continue to pursue the cautious policy

that has thns far characterized their operations in heavywoolens. Kentucky jeans and doeskins were mostly qniet in

first hands, but a better demand for satinets was a feature ofthe week's business. Dress goods were in irregular request, butcolored cashmeres and low grade colored alpacas were fairly

active, and prices have a stiffening tendency as regards fabrics

of this class.

FoREiaw Det Goods were devoid of activity in first hands,and the jobbing trade was less active than expected. Therewas rather more pressure on the part of importers to close outcertain seasonable fabrics, and this object was accomplished to

some extent by means of low prices; but values of the moststaple goods are without quotable change and steady as a rule

Importatlous of Dry Goods.

The importations of dry goods at this port for the weekending April 12, 1883, and since January 1, and the same facts

for the corresponding periods of 1882. are as follows:

i^ fi : r- I

g: S

10 » - CO w ^d", I toQi-'OCtf

^10

con

13 M- oteo

MO

M Cfl O' *- orf*tiCJ JO

OOiSQDO^ rf^ V, C)* C*

o'o ib«"003:0

coca ! 00

ViaIctawMw

oi» cso^o-)O^l I OMOOOD

MWO—

Q

oscii^ei

0!»HiMMNMw cow loo1JOUC;*IO

CO — -I'UQO,-, CI o; li ^

- £0g: i Pi S

iNi i

ecu

uacD

— 10

-notoo

It*. IX -J X il-

aoo—«w

V to 'i^ colsac:CCo»-

SPUtODCilO

otoesw*-o'*''to'^Vo)^ cio :i< o

to»to;o

— 10

10 c>

09

OtOI tore

Oc:»i-bD

;; *j ^ _ -

is-|ll

ei: i i i:•:%

. : : : : 1

«

QC "-C OCX

tOW^lt'COfei;o —

—

CDJSOtOWgcoVb',-*

00-4*.(0C*-*-tOQ0

CO attics -J

ooc^coto'q'-jVoi-'-jtOC^OODOD

^0051^*

«toosy*.«

^1 pa 10 to

*.|0«-I0«-'

QO rfk CM -^ -^CI. to CO— A'*ifr-^ 3S0w#>

4H6 THE CHRONICLE. [Vol. XXXVM

^vust ^ampRuUSf Sic,

The Brooklyn Trust Co.Cor. of Montiigue & Clinton sts., Brooklyn, N. Y.

This Company is authorized by special charter toact as receiver, trustee, guardian, executor, or ad-minlBtrator.

It can act as agent In the sale or mana^rement oreal estate, collect interest or dividends, receivregistry and transfer books, or make purchase andB&Te of Government and other securities.Religious and charitable institutions, and persons

unacciistomed to the transaction of business, willfind this Company a safe and convenient depositoryiormoney. CHAS. K. MAHVIN, Vice-President.

TRUSTEES:John P. Roire, Chas. R. Marvin, Henry K.Sheldon,E. F. Knowlton, Josiah O. Low, John T. Martin,H. E. Pierrepont, Ale,x. McCue, Edni'd W. CorliesAlex. M. White. A. A. Low. Fred. Cromwell,Henry Sanger, Michanl rhauncey.

WM. H. MALE, Secretary.JAS. R. CUHRAN, Assistant Secretary.

^ammtvciviX OJarxls.

AMERICANFINANCE COMP'Y,

6 & 7 Nassau Street, NeTV ITork.

81 Sontb Third £;.<««.., r'^iladelphla-

Portiao'c: Block, Cblcago.

Capital Stock, $1,000,000

SOUND INVESTMENT SECURITIES fnrnUhpO

to C/Orporate and Private Investors.

CAPITAL FURNISHED OR PROCURED foi

Railroad Companies having lines under conatruction

and their bonds purchased or negotiated.

FINANCIAL NEG0T1ATION8 conducted foi

Counties, Towns and Cities, and for Railroad Com-panies and other Corporations.

WILL CONDUCT TH E FINANCIAL REOROAN.XZATION of Railroad Companies and other Corpora.

Uons whose property is in the hands of Hocelvers or

Trustees.

WILL BUT AND SELL INVESTMENT SECUE-rriES on Commission.

WILL BUV OR SELL DEFAULTED BONDS Or

convert them Into interest-pacing investments.

Circulars and other Information furnished on ap-

plication.

JOHN C. SHORT, President.

Win. P. AtTATSON, Sec'r and Treac.

©ommjercial ^rtv&s.

SAMUEL BUDD.Fine Custom Shirts our Specialty.

Over Twenty Years' experience war-

rants the assertion that our Dress

Shirts aie unequalled for style, appear-

ance and workmanship. We guar-

antee in all cases a perfect fit.

SA9IVEL. BVDD,Broadway & 24th Street, New York.

DanTalmage's Sons& CoMILLERS, FACTORS

AND COMMISSION MERCHANTS IN

RICE,96 Wall Street, New York,10, 12 & 14 Bant Bay, Charleston,108 Bay Street, Savannali,41 &. 43 Nortli Peters St., New Orleans

Bliss, Fabyan & Co.,New York, Boston, Philadelphia,

SELLING AGENTS FOR LEADING BRANDSBBOWN &: BLEACHES SHIRTINGS

AND SHEISTINGS,PRINTS, DENIM.S, TICKS, DUCKS, *0.

Toivel . Qnllts,Wliltc Goods& HosieryMrittfi Sheetings, (tc, for Escort Trade,

Brinckerhoff, Turner& Co.,

Mandfacturers and Dealers In

COTTONSAILDUCKAnd all kinds of

COTTON CANVAS, FELTING DUCK, CARCOVERING, BAGGING, RAVENS DUCK, SAIL

TWINES, &C., "ONTARIO" SEAMLESSBAGS, "AWNING STRIPES.

Also, Agents

UNITED STATES BVNTING CO.A full supply, aU Widths and Colors, always in stock

No. 109 Duane Street.

Toy, Lincoln & Motley,8FCCESS0R8 TO

E. R. niTDGE, SAWYER & CO.,4S & 45 WHITE Street, 16 Chauncby Stuekt,

NEW YORK. BOSTON.AGENTS FOR

Ocean imils Co., Atlantic Cotton mills,Pcabody niills, Clilcopee Mfs. Co.,

Ellerton IVewJWIIlK, AVIitte JWfs. Co..Saratoga Victory Mfg. Co.,

Hosiery and Yarn iTHll"

O F F I C E|i:^ti3

CARPETS.HOUSEKEEPERS AND OCCUPANTS OF OF-

FK'ES take notice. Before buying your Carpet«Linoleum, Oilcloths, or MHttinga, call at BEND ALL'SMisfit Carpet Store. 114 Fulton St., baaement floor,Cheitpest place in New York.

Columbia Bicycles.Thousands in daily use by doctors.lawyers, miiiiaters, editors, mer-chants, &c., Ac. Send 3-cent stampfor elegantly illustrated 3&-pmeecatalogue to

The Pope Mfg. Co.,642 Waflhtnt^n St., Boston. Maas.

New York Riding School,

214 K. 34th St.. nrah Thiht> Avk

'^vMit^Xiaus.

lU B

Financial Review,

(ANNUAL.)

1S83.A YEAR BOOK

OF

FINANCIAL INFORMATIONFOB

Bankers,

li^tock Brokers,

Merchants,

Investors.

Price ol the Kevlew, bound In cloth, - 82 00

To CbronlcIeSnbscrlbors, one copy only 1 00

Postase (vrben sent by niai!,) • - - - 10

WtlAAXlXl B. DAN4 & €0 ,

PUBLISHER a,

79 & 81 WUUam Streeti New York.

^xtMijcati0tts.

iSPECULATION AND INVESTMENTIN STOCKS AND SHARES\riTH A MINIMUM RISK.

EXPLANATORY BOOK, just pubUs'aed. (rratlgand post free upon appHcation.OPERATORS IN STOCK EXCHANGE SECCrtl-

TIES should test this system, by which large proflts

«ve realised, and the possibility of losses redncocXtoA minimum.

OPIXTONS OP THE PRESS.Civil Service. Gazette—"'The system recomraende'l

by Messrs. Gutteridpe & Co., is easy to comprehendand safe." John liuU~"An easy and apparently safesystem, worthy of public confidence." Co uri Journalr-**An excelleui way of speculating, ably set forthCiriJinn—"Ar nferpstinp book. This system com-mends Itself PS being a very safe one." News oj th4Wftrld—*^ This book is well worth reading. One can-not do better than retain their services."

\r. GIJTTSRIBOC: & CO.,

9W0RN BROKERS. No. 7 DRAPERS GARDENSliOndon K). €.. England.

'lis Value lucreanes Every Vear."Churchman, N. Y

-^ THE(5REATE>T LIVING™ Autlinrp*, such us Prof. l>Iaxniullti, Uitht lion. W. E.<<l-(Utoiie. JjiM. A. Fronde*l*i-ol. Mnxley U. A. ProctorEd«'!>i'<i A. Frecniiin, Prof.Tynda'l, l>r. W . K. Ciirnen-t#T, France-* I'o^ver Cobbe*P> ol'cHHor (^ oldwin SmithyThe Uul e ol Ariryll, v* m,

TFiaL-keHIncU, MiKH eray.JI>IIICIi* ll'llP'n 1 IlllL'Hf::!

I>li'»<. l>Inlock-Cr)iil{, i,

>Inc]>onalfI^ - rn. Oliphnnt^Jea 1 ti««-loiv/I'lr '•.Iliirdy-

^*«l^ J VV.H.lMnllock, W.W.Story;rTiiii tfT Dlattlie^v AruolU, KuHkin»

TennyRion, Hrowniust and many others, are re*presented in the pages of

Littell's Living Age.The LiviNa Agk has been published for nearly

forty years, and has met with continuous commen-dation and success. Weekly Magazine, it kitos morethanTHBEE AND A Q0ARTBH THOUSAND

double-column octavo pat^es of readlnt? matter year-

ly. It presents in an Inexpensive form, considerinR

its great amount of matter, with freshness, owind

to its weekly issue, and with a satisfactory completeness attempted by no other publication, the

best Essays, Reviews. Ci It cisms. Serial and Short

Stories. Sketches of Travel and Discovery, Poetry,

Scientific. Biographical. Historical and Political In-

formation, from the entire body of Foreign Peri-

odical Literature.

It Is therefore invaluable to every Americanreader, as the only satisfactorily fresh and COM-PLETE compilation of an indispen&able current

literature,—indispensable because It embraces the

productions of

THE ABLEST LIVING WRITERSn all braacbea of Literature, Sclenco, PoUtica andArt.

"In It we find the best productionfi of the bestwrlttrs upon all subjects ready to our hand."—

"It in iudiswensable In every household whereany atten'pT is made to keep up with the currentthought of (he day."—Hnrt/nrd Vnurant."As much in the forefront of fClectic pnblica

tions as at Its start, forty years ago."— C'i;icin«at*

Gazette. „"As much a necessity as ever."—ivw Adi)(mc9tOhicnQO.

•' It aif rds the best, the che«pest, and most con-venient menns of heepinK abreast 'Vitli the prog-ress i.f th<iujht in all its phases."—;Vorth Amcri-cau. PltUddfliiliifi.• Tlie great eclectic of the world."—Mon!(»j Star

Wilminiit.n, N. C., „" The best of niaj;;azlnG8 to aubacribe to."—3fon6

r&il Gazette.

Published WEEKLr at $8 00 per year, free (

postage! or for »10 50 The Living Age and any

one of the American II Monthlies (or Harpers

Weeklv or Bos t) will be sent for a year, postpaid:

or for ti*50THS LiviNO Age and the .St. AicAoia»,

or l.ippincott'$ Monthly. Address,

t.l'rvKI.Kj gc ro.. Btrston.

%n6nxnnct.

MUTUAL LIFEINSURANCE COMPANY

OF NEW YORK.

F. S. IkVIMSTOiV, President.

ISSUES ErE£X DESOSIPTWS OF

LIFEd:ENDOWMENTPOLICIESRates Lower than other Companies.

ORGANIZED APRIL 14TH, 1842.

ASSETS. $95,000 000.

Aran. 14, 1K8.I THE CHRONICLR tii

%nsnvviVice.

OPFICE OF THE

ATLANTICMutual Insurance Co.,

NEW YORK, Jaimu-y 25, 1883.

The TruateeH, In confonulty to tlie Cbarter o(

tbe Coiiipany, subinit the roUowIng Statement

of Ita aflklr* on tbo 3Ut December, 1882:

Premiums on Marine Risks fromlit January, 1882, to Slst De-

cember, 1882 $4,412,603 58ftemlumson Policies not markedofflst January, 1882 1,516,844 83

Total Marine PremlHma $5,029,533 43

Promluma marked oS from 1st

January, 1882, to 3l8t Decem-ber, 1882 94.300,305 00

Lone* paid darlnf tbe samepenoa $2,013,767 35

Betnnu of Premlams and Ez-penaea $823,301 SO

Tbe Company bas the following Assets, via.:

United Slates and State of NewYork Stock, City, Bank andother Stocks $8,074,558 00

Loans secured by Stocks andotbem-iae 1,575,500 00

Real Estate and Claims due tbeCompany, estimated at 531,118 15remiuin Notes and Bills Re-

ceivable 1,725,575 02CaahlnBank 364,923 85

Amount .' $13,171,675 02

SIX PER CENT INTEREST on tbe ontstand-

Idr certitlcatos of proflts will be paid to the

holders thereof, or their legal representatives.

on and after Tuesday, the Sixth of Februarynext.

THE OUTSTANDING CERTIFICATES of

the Issue of 1 $78 will be redeemed and paid to

the holders thereof, or their legal representa-

tives, on and after Tuesday, the Sixth of Febmary next, from which date all Interest thereon

iriU oease. The certificates to be produced at

the time of payment and canceled.

A DIVIDEND OF FORTY PER CENT Is

declared on the net earned premlams of the

Company, for the year ending 31st December,lSS2,for which oertillcates will be issued on

and after Tuesday, the First of May next.

By order of the Board,

J. H. CHAPMAN. Heoretarr.

TRDSTEEMiJ. D. Jones,

Charlea Dennis,

W. H. a. Hoore,Lewis Curtis,

Charles II. Russell,

James Low,David Lane,

Gordon W. Bumbam.A. A. Raven,Wm. Sturgls,

BeAlamIn H. Field,

• jslah O. Low,WUllam E. Dodge,Royal Pbelps,

Thomas F. Youngs.C. A. Band,John D. Hewlett,WlUlam H. Webb,

Charles P.

Horace Oray,

Edmund W. CorUes,John Elliott,

Adolph Lemoyne.Bobi. B. Mlutom,Charles II. Marshall,

George W. Lane,Edwin D. Morgan,James G. De Forest,

Samuel Willetts,

Charles D. Levertoh,

William Bryce,

WUllam H. Fogg,Thomas B. CoddlngtonHorace K. I'hurber,

WUllam Uegroot,

John r. Kikrtr,

M. Denlon Smith,

Burdett.

JOHN D. JONES, President

CHARLES DENNIS, Vice President,

W. H. H. UOORK, 2d Vice-President.

A. A. RAVEN 8d VIce-PrealdenL

MtiiiusMps,

ONLYDirect Line to France.

GENERAL TRAN8ATIANTIC CO.

Between NBW VORK and HAVRE,From rior (new) 42 North RlTsr. foot of Morton St.Travolvni hj this Hnu fiTold both transit hj KnKltMh

Kallwnr iind the dlsCHuforta of cruwtlnu thei'lmnnelIn H nniall txiitt.

FKANCK, \: d'HautcrlTe Wed.. April IK. 2 P. M.I'EUKIUK. Ilonr Wed.. April 20.7 A.M.I.AIIKAIIOK. CulHer Wed., Maj 2. I I'. M.NDK.M A .M)l K (now), Scnran Wed., Unj 23PKiri OF I'AHaAOE-dncludlnEWlne): To Havre—

FInt cnbln.tKM nnil (80: aecond cabin, tflO; steer-HKS* (2(V-lncludini{ wine, beddlnfl and utonsilR. lie-

turn tloketR at verr reduoed rates. Checks on BanqueTransatlantlque, Havre and Paris, In amounts to suit.

Special Traill from Havre to Paris.Tho Compiufnlo (itMu^mle Transatlantlque dollvcrs

at Its utiice In New Vork special train tickets fromHavre to Paris. Bau^atie checked throuMli to I'lirls

without oxamhmtlon at Havre, provided pitssenuorshave tho same Uoliverod at the Company's Dock InNew York. Pier 42 Nurth Klver, foot of Morton 8t.at least two hours before the departure of a steamer

LOUIS DE BBBIAN,,Aeent,No. e Roivllne (ireen.

ptiscjellatueous.

BuUard & Wheeler,119 SLAIDBN I.ANB,

NEW TOBK.BAGGING AND IRON TIES,

(FOR BALI.VO COTTON.)Anents for the foHowinir brands of Jute Rainrlnj?

'EaKle .Mllls,""Brooklyn Clty.""GeorKla,""Carorins.'*Nevlns o.'' "Unkiu eiar." -rjaiem," **Uorlcon M^Us'Jenej MUla" and "Dover Mills."

IMPOKTKKS OF IHON TIBS.

BAGGING.WARREN, JONES A. GRATZ

ST. LOUIS, Mo,

Manafsetnrers' Aiteuts for the sole of Jnte Bag-ging. Fonilsh corerinK annually for one-fifth of lbsentire Cotton Crop. Correspondenoe from largtdealers sollflted.

Clp0tt0U.

J.P. Billups & Co.,

COTTONCOMMISSION MERCHANTS,

Nos. 16 & 18 Ezcbanse Place,

(•OST BUILDINQ, NSW TOKK

Special attention given to the Pnrehase and Sail

of Contracts for future dellverv of Cotton.

B. F.BABCOCK&CO.COMMISSION MERCHANTS,

17 Water Street, LIVERPOOI.,Receive conslfrnments of G Jtton and other Produce

and execute orders at the Kxcbanices in Liverpool,tiepreseoted In New Vork at the otlice of

BABCOCK BtiOTHBBS * COm50 Wall Stksst.

A. B. OWATHMEY. 1. O. BL088.

Gwathmey & Bloss,COTTON HBRCHANTS,

No. 123 FeaTl Street, New Terk.Special attention given to the execution of order*

for the purchase and sale of contracts for fatnredellverr In New York and LIverpooL

Rountree & Co.,COTTON COMMISSION MERCHANTS

No. 12 OLD SLIP.Cor. Water Street, NEW YORK,

And NORFOLK, VA.H^Spednl attention ulven to the execution of

orders for the purchar>e and sule of Cotton for tutaredellverr. Liberal advances made on consignments.

Dennis Perkins & Co.,COTTON BROKERS,

117 Pearl street. New Vork.Orden for Bpot Cotton and Fotore* prompt*.;

executed.

#ottim.

E. S. Jemison & Co.,^

B A Iff K B R •AXD

COTTON COMMISSION MERCHANT^No. 10 Old Slip, New Tork.

.Tcmigon, Oroce * Co., Oalrenton, Tezai'

WM.MoBK. B.w.aA3twMAwm. CLautanWnRiim

Mohr, Hanemann & Co.^

133 PEARL ST., 186 GRATIBB«r«,

New York. New Orleans, La.

Special Attbktioii Oitbn to niB ExEccmrOP ORDERS FOR FUTURE CONTRACTB.

H. Tileston & Co.,COTTON, STOCKS, BONDS, *e.

29 WILLIAM 8TREKT, NBW YORK.Hemben of Stock, Ck>tton and Prodaoe EzchaataOrders in * Fntnree" exeeated at N.T.Cotloo Bid

Edward H. Coates& Co,SUCCZaSORS TO

CLAOnORN HERRINO * 00,

COTTON COMMISSION MERCHANTS»Na 116 CHESTNUT STREET,

PHII.ADEI.PHIA.

Cumming & Bally,COTTON FACTORS

AND COMMISSION MERCHANTS,No. 89 Pearl Street, Neir Torka

Seeclal attention Riven to the purchase and ]• otcontracts for future deliver/ en die Cottonand Piu^uce ExchanKes.

Waldron & Tainter,Cotton and Petrolenm Merchants,

97 PEARL AND 60 STONB STREETS, Nnv Toa* li'irrtTaB " obdebs pbomptlt KxiccTaD.

Robert Tannahill& Co.,

Cotton Commission Merchants,

Cotton Ezcbanse Bnildlnc, NEW TOKK,'i.

Special attention frlven to the parohase and gale iffFuture Contract*.

F. Hoffmann,COTTON BROKER AND AQENT, -

38 RCE DE LA BOURSE, HATRK,

James F.Wenman& Co.,COTTON BE0KKB6,

No. 146 Pearl Street, near trail, H. 1^Established (In Tontine BulldinK) 184(1.

Farisot & CampbelljCotton Factors,

vicKSBVRe, niss.Orders to pnrehase Cotton In oar market sollelts^

Refer to U—m. WOOOWABO * STILIiIfANNew Vork.

Wm. Felix Alexander^-COTTON BROKER,

ADOD8TA, GEORGIAKntlre attenaon zlven to parebsse of COTTOM Vl>

OliOSB for BPINNKBS and BXrORTERSCoaanroKonoa SouorraD.

eferenees :—NaUoaal Bank of AosnKa, Oeonla.

Uenrv Bents * Co., CoBuaUslon MerehaaCs, NewYork; William B.Daaa* Co., PropnetorsCOiuiak.

ouL AKD PnrAjnnAi. OmmomvjLM, aad staar NovYork!

viii THE CHRONIOLE.

®0ttjcrtt.

Woodward & Stillman,MEBCHANTS,

Post Building, 16 & 18 Exchange Place

NEW yOKK.

IiOAKS HADB ON ACCBPTABLK 8BCURITIES.

OatK A.dvance* Made on Oonngnments.

^PBOtAI. ATTBNnON TO OBDSBS FOB CONTBACTS

ton FUTtTBS Dklivebt o» COTTOK.

COTTON, ALL GRADES, SUITABLE TO WANTSOF SPINNKE8,

OITIBXD ON TXaH3 TO SUTT.

JUtHBT B. Wabs. GILLIAT BCHBOIOBB

Ware & Schroeder,

^TTON COMMISSION MERCHANTS

111 Pearl Street, Neiv Tork.

Special attention paid to the exeontlon of ordei b

for Uie pniohaje or sale of oontraots for futare do-

IlTerr of eotton. Liberal advanoei made on con-

aenta.

BniiATns C. HoPKiws. urcros Hopkins Smith.CBABUU S. MILLKB.

Hopkins, Dwight & Co.,

COTTONGOHMISSION MERCHANTS,

Ho. 134 PEARI. STBEST,

NEW YOKK.

OBDIBa rOB FCTtTBE CONTBACTS EXIC'UTKU III

N>W TOBK AND UTBBPOOL.

Sawyer, Wallace & Co.,COKHISSION MEECHANTS,

No. 47 BKOADWAir.lilbeval advances made on cotton conslg:nments.

Speda) attention given to orders for contracts for

B deUmr of cotton in New York and Liverpool.

Geo. Brennecke & Co.,COTTON BKOKEI18,

-fto. 110 Pearl Street, New ITork.

rUTUU (TONTBACra A Spxcialtt.

HYHANS & DANOY,NOBTOLK. VA.

Dancy, Hyman & Co.,OOTTOH COMMISSION MEECHANTS,

S7 Pearl St., New York,

Speolal attention given to the parcbaae and sale

e( contracts tor future deUt ery.

®0tt0tt.

John C. Graham & Co.,(Saoeeeaon to R. M. WATERS * COJ,

COTTON COMMISSION MERCHANTS,No. 18 WUUam Street, New Tork.

8BLMA, ALA., PHCEMIX BUILDINa.MONTOOUBBT, ALA., MOBBI8 BANK BtnLDDTO

0l4an tor Future Oontraots Executed in New Yorkand LlverpooL

William H. Beede & Co.COTTON BROKERS,

No 114 PEABIi STREET.Bpeeial attention given to orders for the bnylns

ana selling of Cotton fob Futubb Deuvebv.

INMAN,SWANN&CoCOTTON MERCHANTS,

COTTON EXCHANaF BUILDINQ,

New Tork.

LOANS MADE ON

SOVTHERN SECURITIES.

GEO. STABER,ALBERT KROHN, Special.

64 STONE STREET, NETT YORK.

COTTOIVStrictly Brokerage and Commission.

Henry Hentz & Co.,COMMISSION MERCHANTS,

8 Sontb TrUUam St., New York.EXECUTE ORDERS FOR FUTURE DELIVERY

COTTONat the NEW YORK, LIVERPOOL AND NEW OR-LEANS COTTON EXCHANGES. AUo orders for

COFFEEat the NEW TORK COFFEE EXCHANGE.

Correspondents :

Messrs. James Flnlay & Co., Liverpool, London andGlasgow.Messrs. Smith, Edwards 8c Co., Cotton Brokers.

Liverpool.Messrs. Flnlay, Mulr & Co.. Calcutta and Bombay.Messrs, Samuel H. Buck & Co.. New Orleans.

Lehman. Abraham A Co.,New Orleans, La.

Lehman, Durh &Cc>Montgomery, Ala.

WALTER & KHOHN,COTTOX RROKERS,

SS BEAVER STREET, NEIY YORK.

Geo. Copeland & Co.,corrois bbokees,

106 PBARI. SrREET, NBUT YORK.

LEHMAN BRO'S,Cotton Factors

ANDOOItimSSION MERCHANTS,

No. 40 EXCHANGE PLACE,

Vr-toym Office, Nos. 39 & 41 Walkeb Stbkit.

Neir York.Orders erecuted at the Cotton Exchanges In New

York and Liverpool and advances made on Cottonand other produce consigned to us. or to our corre

spondents In Liverpool, Messrs. B. Newgass 8t Coand Messrs. L Rosenheim & Sons

VvABBEN EWEN, JB. John M. Bwen.

Ewen Brothers,

COTTOIW BROKERS,Nos. 31 & 33 Broad Street,

NEW TORK.

JOmV H. CEISBY & CO.,COTTON BUYERS,

MONTGOMERY, AL.A.

PI7BCHABB ONLY ON ORDERS, FOR A OOMMTSSTOK

Wire RopeSTEEL AND CHARCOALIRON of superior quality

suitable for MINING ANDHOISTING PURPOSES,

(Inclined Planes, Transmls-[Islon of Power, Ac Also,

jGalranlied Charcoal and BBffor Ships* RlMTlnR, Suspen-Islon Bridges, Derrick Guys,F Ferry Ropes, &c. A larjfe^ stock constantly on handfrom which any desiredlengths are cut. FLATSTEEL AND IRON ROPESfor Mining purposes nmnu-fiirtured to order.

JOHN W. MASON & CO.,148 Broadwa^v Neiv Vork.

(April 14, 1883.

Walter T. Hatch, Benry JF*. Hatch,NathH W, T, Hatch. Arthur Jf. Hatch,

W. T. Hatch & Sous,BANKERS.

14 NASSAU STREET, NEW TORK.BBANCH OFFICES

\}^ ^j'J'p'^M'.T/^^aVeaPersonal attention given at the EXCHANGES

the purchase nnd sale of STOCKS and BONOS forcash or on margin.DEPOSITS llECEIVED—subject to check at sight

—with interest upon balances.Special attention paid to INVESTMENTS and

accounts of COUNTRY BANKERS.

Fielding & Gwynn,

COTTON PACTOK8AND

COMMISSION MERCHANTSItt de 18 Excbanse Flaee,

Port nrrtTTyrvn. nk^t YORK,

HOMEInsurance Company

OF NETY YORK,OFFICE, 119 BROADWAY.

CASH CAPITAIj |:S.OOO,000 00Reserve for Unearned Premiums 2,116.833 00Reserve for Unpaid Losses and Claims . 317,596 01NetSurplus 1,T<4,0B1 06

Cash Assets, January 1,1883 $7,208,489 07

CHAS. J. ItlARTIN, President.J. B. W^ASHBVRN, Secretary.

iETNAInsurance Company

OF HARTFORD.ABsete January 1, 1883 $9,054,610 68Liabilities for unpaid losses

and re-Insurance fund 1,S61,428 46Capital 4.000,000 00

NET SURPLUS $3,193,182 13

No. 2 Conrtlandt St., New York.JAS. A. ALEXANDER, Agent.

North British

& Mercantile Ins. Co.OP

LrOIVDON AXD EDIWBUROH.United States Board of Mauagrenient,

NBW TORK:Solon Humphreys. Ch'r'n, (E. D. Morgan & Co.)David Oowa, Esq. (David Dows & Co.)E. F. Fabbri, Esq. Urcxel, Morgan & Co.)Hon. 8. B. Chittenden.Ezra White, Esq.J J. Astor, Esq.

CHAS. E. WHITE, SAM. P. BLAGDEN.MANAGERS,

Office, 54 William St., New York.

G ofyifnerctal

LJnion Ins. Uo,(OF LONDON),

ALFRED PELL,Sesident Manager,

3/ & Sg Wall Street