andW xtmtkHUNT'S MERCHANTS' MAGAZINB,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES

VOL. 35. NEW YORK, JULY 29. 1882. NO. 892.

Financial.

AMERICANBank Note Company,

143 BROADWAY, NEW YUKK.B(T8INCS8 FOrNDKD ITBS.

l«<an»rat«d untUr Lawt of Slalt nt New Tork, 1888.USOUGANIZCI) 1870.

BNORATEUg AND PUINTKU8 OFBOiTDS. POSTAOB ASD RBVEXUB STAMPS,LEOAL TENDER * NATIONAL BANK NOTESif Uu UNTIED STATES oivJ for numt Itn*^Qt vernnwHtt,

BNORAVINQ AND PBINTINOor BANK NOTES, STATE AND BAlLltOADBONDS, SBARB CBBllFWATES. BILLS OtSXCBANOE. DRAFTS, CHECKS. STAMPS, 4c.

IN THE FINEST AND MOST ARTISTIC STYLEFROM CiTEEL PLATE!4,

With apeoial nafemurds to prevent CoanltrteUint$r Alteratinju. Hpecial papers manufactured exctu-ilTetr for use of the Cooi^Hnr.

Safety Tints. Safety Papers.

Work Exccatcd In PIreprooi BalldlnsR.

EAILWAY PKLNTING A SPECIALTYKailwaj Tickets of Iiuprored Styles,

WUAor wUhout Coloro, atui Tlckelt of all KituUTllUSTBBS:

A. a. Goolall, President, Jo». W. Drexel,James Maodunomfh. Vice- Prcst., 'V. ki. Pori-er,

A. O. 6hepHr(i, vice-l'rusident, P. C. L»unsburT.Wm. Main Smiilie, Viue-Crest.. €hh8. Meyer,J, T. Itobertsun. Vico-i'rosident, A. V. Stout,Q, 11. titayner, Treasurer, a. 11. Uantorth,

Theo. u. Kreeiand, Secretary.

BanqueCentrale Anversoise,

A N r w E It p

.

Paid-Up Capital, -"Hi.OOO.OOO Francs.

BOARD or DIRECTORSfVLix GRISAH, President.ALrHii) MAyuiNAY (linifrjfc Maqulnaj), Vlofl-PreeJ. B. Von itiilK BRCKKtVon der tiecke A Marsilr).Otto (iuNTUicK (Corneiile-Duvid).BHII.K DB UUTTAL.Al>. ITkank (Kranli, .Model * Cte.l

Aoo. NoTTHBoHM (.Nottebolim Freres).Kh. Uhanih (MichielM Ixios).

Jaa. Dan. fuhuma.vn. Jr. (Joh. Dan. Fuhrmwui.)LocTiH wi£Hi!K(H:d. Weber A v ie.)

iULK» KAUTICNHrUAUCkl (C Sclimld A ClO.)

TItAVHACTS AGENERAL UANKINU BUSINESS.Asa p. Potter. Preau J. J. KDDy, Cashier.

Maverick National Bank,BO!»IOi>i,

OAPITAIi, ...-..- $400,000nVHeiiVH, ....... 400,000Aeeouots of Banks and Bankers solicited,

CoUecttons maoe upon favorable terms.

Government Konds b<-nxtlt and sold.

Aug. 1. l^ost, Banker,25 NA.^-S.W STREET,

BUYS AND 8KLLS

Mate, City and County Securities.

COKUiStiPONUKNCK SULICITKD.

Samuel M. Smith,40 WAl.L 8TREHT, •

DtALBU IN

i'Ur nnllwnr Heeurlllm. <•» and Ban'iHinclia, Innarasca Hcrl*»

FInnncial.

DIAMONDS.Alfred H. Smith & Co.,

182 Broadway, Cor. John St.,

IMPORTKRS OF

Diamonds, Fine Rabies, Sappliires,

and otiier Precious Stones,

EXCLUSIVELY.

LONDON, 33 H01.B0RN VIADUCT.

LIWIS U. Tatlok, JB. LiNDLir HAINES

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

140 SOUTH THIRD 8TKEET.PHILADEI^PHIA.

Deposits received sumect tu check at sliiht, andintereHt allow id on daily bulaiices.

9tock8, Bonds, &c., bouuht and sold on commtsslonin Phtladelphta and utber oities.

rarttcQlur attention >{iven to information resardInK InTeatmenl S*--cariti08.

Randall & Wierum,DO EXCHANaE PLACE,

Broilers in Itailroad Stocks and Bonds,

aiVERNMENTS i fORE/GA EXCHANOB.CUAS. K. RANUALl.,Member N. 7.,'4tock Ezctaaniie.

Orro c. WiiKuu

W, C. FT.evn-.IONK8 William Robison,Members ot tho N. T, Stock Kxcbuoiie.

Floyd-Jones & Robison,BANKERS AND BROKERS,

Ms. 'i EXCIIANnE COURT.Stocks, Bonds and all Investment Securities

bouRht and sold (strictly on cammlasion] for casi<

or on margin.^

EHTABLII^IIKO1804.

Coleman Benedict & Co.No. 21 BROAD ST., NEW YOKlC,

STOCKS AND BONDS,MBMBBKS Ot THE N. Y STOCK EXCUANOEA strictly commission business conducted in the

purchase and sale of. Stocks and Bonds on MarylDor for In'vestmen*..Complete Financial Report issued weekly to our

correspondents.

ERXKST UBOS8BKCK, QBANT B. SCHLir,Members N. V. Stook BxataanKe

Groesbeck 5c Schley,'

BROKE BS, '

No. 13 'WAL>L 8T6.EET. NEW YORK.

Howard Lamley,u. m. willakd,

Ueiulieis N. Y, titook Exob,

Hkmby Bo^vEB8, Jr.

Howard Lapsley & Co.,. . HANKERS AND BROKERS.

No. B WALL 8 T R K B T

.

New Vork.

Ftnanclai.

Jesup, Paton & Co.,BANKEKS,

S3 William Street, Mew York.

Acooanta and Airenoy of Banks, Corporattoiw..

Onus and IndlTlduals received apon favorableterma*DivldeDds and Interest collected and remitted.

Act as acents for corporations In paying conpoiuand dividends ; also as transfer agents.

Bonds, stocks and seonrltlea boOKhtsnd soldODeommlssloB,Bound railroad and miinlolpal bonds negotiated.

Sterling exchange bought and told. Umfta obDninn Bank of Tx>ndon.

Caldwell, Hay & WasubdrmBANKERS &. BROKERS.

UNITED BANK BCILDINO.Brandwnr and Wall HU

Transact a general Banking Business, Indudlng thePurchase and Sale of all Securities dealt In at the

New York S'oek Bzchange.Interest allowed on deposits subject to sight draft

CnA«. B. rAi.nwKLU late Wc«l * (^Idwell.SlLABf. IIAV, Member N. V. Stock Kxrbange.Lan8IN'0 C. Wakhuubk, late Wblttingbaa A

Washburn.

TBOS. A. VT8B. TnO<. A VT8R,JB. C, t. BBOrltW. B. D. V YHR, JImtbtr AT. r. Stock Mxe»anf.

Vyse, Sons & Bioun,U.4NKEaS AND BROKERS,

No, 3 WALL STREET. NEW YORKStocks, Bonis and Oovernraent Securities bougbk

and sold on commission. Intercut allowed on de..post B subject to check at sigh*;

E. A. Mauriac & Co.,BANKBR6 AND BROKERS,

Ne. r Wall Street,

Railroad, Mining, and other Stocks. Bonds, (to.bought and sold on i ommiseion,

B. A. M/'.URIAi',Member d.Y. Stock Exchange.BYUNKV BI.SIIOP. M. M. liUWl.AND.

WM.M. FAEL, A,H.DATT0K. QBO.H, SXAYinnaMember N.Y. Stock Kxota. SpeooL

Earl & Dayton,BANKERS AND BROKERS

bS TO M DRK.TBI, BUILDING,Neiv York.

STOCKS AND BONDS BOUGHT AND SOLASTRICTLY ON OOMM188ION.

Walston U. Bhowm. Fbco. a. BBOWK.UXUUIKT p. BBOWM,

Walston H. Brown& BrosBANKERS, , . •

'••'^

-No. 20 Namau Street, 1««liv ^:|(Mk.

SPECIAL ATTE-NTIONOIVKN TO-^rtfU i^lfBUHi"

TIATION OF •"''— '., '

RAILROAD ABCORrriiS^ -

John S. James & Co.,Commission Stuck Urtkers,

No.. 16 BROAD 8TKEBT, NEW TORH*John S. Jamk",

Uemuer N. V. Stock ExcluWABKIX T, JAMM.

Aivmoern, i . ovoca ji.,.w. ..- «

\ Htoeka. Bonds, Ao., bougM asd «eid t»r fM^ «»,0B

THE CmiONICLE. [VtiU XXXf.

Foreign Exobuuge.

Drexel, Morgan & Co.,WALIi STREET,

OOBRKB OP BBOAD, NEW YORK.

Drexel A Co.,

4lo.M Bouth Tklrd Street

Drexel,Haije8ACo

81 Bouleru* UauunUlui

FUILADK1.PUIA. PABIS.

BOilBSTlO AND FORBIQlf BANKERS.Dtpoilti reoelTed anblect to Dr»n. 8e«urltlej

%•<)> t and auld on ConnilMlon. Interest allowed•noepoalts ForelKQ KichsDiie. CommerclnlCrea-tU. Cable Trauifers. Ircular Letters for Trarel-mn, arailatHe m all parts of th« world.

Attornkts and Aoknts of

iMara J. 8. nOKOAN & CO.,

Mo. 22 OLD BBOAD STREET, rXJSDON.

Brown Brothers & Co.,No. £9 UrALI. ST., N. V.,

SCY AND EIKLL

BIL.L.S OF FXCHANOEON ORKAT BRITAIN AND IRKI.ANI), FRANCE,OKRMANT, BKI.OIUM. SWITZERLAND, NOR-WAY, DBNMAKK. SWUUBN ANUUOLLAND.iMBe Commercial and Travelers' Credits

ATAILABLB IN ANT PART OF THE WORLD.And In Franca, In Martinique and Guadalonpe.

HAKE TELEGRAPHIC TUANSFERSOP inONEY

BBTW^ES THIS AND OTBEB COVNTItlES.flIAKE COLLECTION- OF DRAFTS drawn

abroad un nil uointa In the United Suitea andCanada, and of Drafts drawn In the

United State* on Forelsn Countries.

J.& W. Seligman & Co.,

BANKERS,IfO. S3 BROAD STREET,

New York.

Iisne Letters of Credit for Travelers,

AtTobla la any put of Europe, Asia, AMo, Ani-AniU and Aaerlea.Draw Bills of Erchange and make Telegraphic

Tnuisfera of Money on Europe and Cullfomla.

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

Ao. 4 Poat Offlee Square, Boston.CEKQCTSS AND CABL^ TRANBFBB8 ONnVNROE & CO., PARIS.

•TMURO CHEQUKS AND BILLS AT 8IXTTDATS' BIGHT ON

ALEXANDERS dc CO., I.OADON.

OIVOVLAB NoTxa Afl> Caxx>iT« FOB Tbatvi,xss.

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

BILLS OF EXCHANGE ONaniTH, PAYNE & SniTH'S,

BANKERS, LONDON;MANCHESTER & COUNTY RANK.

"UMITEB;"MARCHB8TKB. PAYABLE W LONDON ;

CliSTBR RANKINe COSIPANY,BELFAST. IHELAND

Ajn> on THBMATIONAL RANK OF SCOTLAND,

KDlNBUKe, AND BRANCHES;AUO.

CABLMTHANBFBKSAWD L»TTBB8 OFCHBBIT

Knoblauch

& Lichtenstein,RANKERS,

at William St., aor. Ezakaaca Place,NEW TORE.

Make Telanraphl* MonsT Trmaafers.aw lUlis qf Kiclwue and Issaa L«tt«n of"I oa all prlnaiiNtl dUes of Knrope.

SPECIAL PARTNKB,DEUTSCHE RANK, Rerlla.

'

) '!

,___

j.u.iutaAii. r.w.PuBT.

. H. Latham & Co.,VNrrBO BANK BDILDINO,

J2 WALL BTHEET,

NTESTMEXT SECURITIES,

Ferelffn Exctaaiiiie.

August Belmont &c Co.,a A N K EK S.

Noa. 19 4c ai Naaaau Street,

Issue Trarelers' Credits, arallable in all puts of theWorld, throUKb the

MESSRS. DE ROTHSCHILDand their correspondents.

Also Commercial Credits and Transfers of Moneron California, Europe and Uarana.

S. G. & G. C. Ward,AeSNTS FOI

BARING RROTHER8 & COMPANY,58 WALL STREET. NEW YORK.

28 STATE STREET, BOSTON,

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

Cor. Wall and Nassau Sts., New York.

FOREIGN BWKERS.CABLE TRANSFERS, BILI£ OF EXCHANGE

ANDCOiaiESOIAJ. AND Tbavklebs' CBSOtTa.

OOBBBSPOyDKNTS .

BARING BROTHERS & CO., LaadOB.PERIER PKERES & CO.. Parts.

MENDELS80HN dc CO.. Berlla.

NKWVORK: LONDON: PARIS:

c2ik'E"QcfN™v. W.RtJSeKLLWlSE. T.KDAT18.

William Heath & Co.,(BSTABUSHED 1861.)

BANKERS AND BROKERS,No. 80 RROADIVAY, NEW YORK.

Memt>er8 of New York Stock Ekchange.FOREIGN EXCHANGE. CABLE TRANSFERS.

William Heath & Co.,BANKBRS,

10 Ttarogrmorton Ave., London, Enx.Draw Bills of ExchanKe and transact a iieneral

financial commission business. Particular attentiongiven to American Securities.

William Heath & Co.,BANKBRS.

No, 8 Place Vendome} Paris.Orders solicited for Ixindon and Amertnan markets

for Investment or on miincLzL Kullwaj. Btttt« and CityIioiuu negotiated.

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

Canadian Bank of Commerco,16 EXCHANGE PLACE,

BUYAND SELL STERLING EXCnANOE,CABL>TRANSFKRS, ETC.

ISSUE COMMERCIAL CREDITS. AVAILABLEIN ALL PARTS OF TUB WORLD.

JOBN S. KINNZOT. J. KianmiT Ton.

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

DOMESTIC AND FOREIGN BANKERS,DRAW BILLS ON LONDON.

BUY BILLS OF EXCHANGE.ACT AS AGENTS FOR BANKS, BANKERS AND

RAILROAD COMPANIES.Issue Commercial Credits and Forehrn and Doneetle

TruTelera Letters of Credit in PoundsHtertInK and Dollars.

BUT AND SELL INVESTMENT SBCURITIB8CoUoet DiTldends, Coupons and FoceiKo and Inland

Drafts.

IMNDON COnmcaPONDlilfTS:•. MII.TIU.(, Btan* a Co,i Ma

Uahbho a 8<lliCi.

Schulz & Ruckgaber,BANKERS,

19 EXCHANCk PLACE, NEW YORKcoUBisroimENTs of ib»

International Bank of Lan4«n(Limited) London.

Haaara. Jokn Bercnbcrc, GoMler 4c Oa.HambnrK.

OoBuaeretalandTmTelen'Credlts, BUieef KitkooMCal)le Tnuisfers.

^^

VOBBIGH BXOHAMGB.R. T. Wilson & Co.,

BANXESBAND (XJHMISBIOB MESCBAimS BxelianBa Comrt, Menr York.

CTalUomla Banioi.

THB

Anglo-Californian Bank(LIMITBD).

LONDO>, Head Office, 3 Angel Ooart.

SAN FRANCISCO OfHce. 4J2 Callforala BeINRWr VORK Agents, J. A W. 8eliemanAO>>BOSTON Correepond'tB, Massachusetts N. B'k.

Anthorlaed Capital, • • $6,000,000.Paid op and Reaerve, • l,7O0,OOO>

Transact a seneral bankInK business. Issue OoBfemercial credits and Bills of Exctaaoee, available la

all parts of the world. Collections and orders f«rBonds, Stocks, etc., executed a pon the most faTOi^kbie terms. PRED'K F. LOW, 1 „.„.„_

lONATZ STKINAABT,}""'^""P . N. LIHENTHAL. Cashier.

The Nevada BankOF

SAN FRANCISCO.New York Agency, Bit Wall Si.

SURPLUS, INVESTED^ IN U. S. BONDS,£4,000,000 OOIJ).

GEORGE L. BRANDER, Agent.ISSUES Commercial and Travelers' Credits,aTaU.

able in any part of the world. Draws ExchMljre^Foreltrn and Inland, and makes Transfers of Monorby Telegraph and Cable.

I-Vtreigii Bankcr».

Nederlandsch Indische

Handelsbank,AmSTERDAin, HOLLAND.

ESTABLISBED TS 18»3.

Pald-Up Capital, 13,000,000 Gnlldera($4,800,000 Gold.)

HEAD OFFICE IN AMSTERDAM.Agencies a, BatavLa, Soerabaya and Samaianf

Correspondents in Padanv.

Issue oommercial credits, make advances on shit

ments of staple merchandise, and transact othe^business of a financial character In connection wlta

the trade with the Dutch I£ast Indies.

BLAKE BROTHERS & CO.,

Agsnts for NOKTH AUSRirA,

IS WALL STREET, NEW YORK.W STATE 8TRBRT. BOSTON'

Bank of Australasia,(INCORPORATED 1833.)

Ko. 4 Threadneedle Ml., London, Enalaa^PAID-UP CAPITAL, iii.iOO.OOO.

UNDIVIDED PROFITS (Incl'dlnK Guarantee aadReserve Funds) £iil.om.

Letters of Credit and Drafts issued on the 8tbranches of the Bank In the CoUmies of Queensland.New i*outh Wales, V ctoria. South Australia, Tasmo*nia. and New Zealand. Bills neKotinted or sent forCullectlon. TeleKraphlc transfers made. l>eposil«ret elve<1 m London at Interest for fixed periods oaterms which may be ascertained at the uftice.

PRIDKAUX HKLBY, SecreUrv.

Hong Kong & ShanghaiBANKING CORPORATION.

CAPITAL (paid-up) »^0L-.,RESERVE FUND S,ieO^

HEAD OWFJOB, BONO BONO.The Corporation frrant Drafts, issue Letters •<

Credit for use of Travelers, and neKotlate or colletBills payable at Bombay, Calcutta, Singapore, SalnoaManila, Hons Kong, Foochow, Amoy, Niniraadhanffhal, Hankow, Yokohama, UiOKO, Ban Praael^CO and London.A. ni. TOWNNEND. Avent. 4r WIlllaiB Si.

The City Bank,(LIXtTBD.)

LOlSDOlf, EWGLAND.Aathorlzrd f'avltal, . • . . . £4,iHnbueribrd Ci>»llal, •••••- 3,Paid-U* Capital, ......

Rceerre Vand. iE330,000.

mmsmi,sil

BSAD OFFICE, THREADNEEDLE ST.

BRAKOHiSS:Bond etrcet, London,Lndiiate HI 1, London,KD'ihtsferidve, London.Uolborn, London,

Tottenham CoaitLondon.

PaddtnKton, LondOB.AldffHte, London.Old street, Londox;

The bank, while oondttctinit the general bnslneMof London Bankers, Kives special attention te ibf•feney of rereldn and Colanlai Banks.

A. O. KENWBDY, M«B«««F.

Adolph Boissevain & Co.BANKERS

ABD

OOIW ISSIDN HBROHAH*»(II8TERDAM, HOLLAND.

X. T. Cnw^ieialB Messrs. Rt^xt Baoa A%

JULT 29. 1882 J STHE CHRONICLR Ui

Canadian Bankers.

Merchants BankOF CANADA.

Capital, • - $5,700,00« Paid Up.I're.ldent, SIB HUGH Al.r.AN.

Vlco-Presldent, ROBKllT ANDERSON, B8(j

HEAD OFFICE, MONTREAL.QiSOHOB HAQUB, Oenerat Manager.

BANKERS:LONDON, ENO.-The Clydesdale Bank (Limited.)NKW YOHK-The Bank of Now York, N. B. A.

The New York Aireroy buys and sells Sterling Ex-chaniEe, <'Hble Transfers, Issues Credits available Inall parts of the world, iniikes collections In Canadaana elsewhere, and Issuoa Drafts payable at any oftheottlces of the bank in <:unadH. Demand Draftsissued payable in Scotland and Ireland, and everydescription of foreinn biinkinu business undertaken.

New York Agency, 48 Exchauge Place.UKNKY UAGUK, i AientsJOHN B. HAKKIS, JH.,}**®""'

Chlcuco Branch, 138 WaaliiuBton 8trect.

J. 8. MDKUDITU, HanuKer.

Bank of Montreal.

CAPITAL,SVRPIiVS,

- $13,000,000, Oold.5,500,000, Gold.

C. F. 8MITHERS, ProBldcnt.

W. J. BUCHANAN, General Jlarager.

NEW YOHR OVFICE,Noa. 59 dc 61 WALL MTREET.

Walter Watson,* .„„,,ALEl'll I^ANO, j

Agents

Buy and sell Sterling Exchange, Francs and Cable

Transfers : grant Commercial and Travelers Credits

avii'.able In any part of the world; issue drafts on

anJ make collections in Chicago and throughout

the Dominion of Canada.

London Office, No. 9 Blrchln Lane.

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

H. 8. HOWLAND. Pres't D. B. WILKIB, Cashier

HEAD OFFICE, TORONTO.BRASCHES:

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

Dealers In American Currency & Sterling Exchange.

Agents In London ; | Agents In New York:BOSANQUET. SALT & Co., Bank op Montheal,

73 Lombard Street. I S» Wall Street.

Promptest attention paid to collections payable In

any part <jf C-anada.Approved Canadian business paper, payable In

gold or currency, discounted at the Head olfice onreasonable terms, and proceeds remitted to anypart of the United Stiites by draft oo New York.

AGENCT OF THE

Bank0»

British North America,No. 63 WALL 8TKEET.

Buy and sell Sterling Exchange and Cable Trans-

fers. Issue demand drafts on Scotland and Ireland,

also on Canada, British Columbia, Portland, Oregon,

8an Francisco and Chlcag -.

Bills collected and other banking business trans-acted. D. A. McTAVniSU. \ i„.nts

W. LAW80N, r

Gzowski & Buchan,Baksebs and Stock Bbokbbs,

toronto canada.

Prompt attention given to Collection of Commer-cial Bills and Canadian Funds on all points in Cana-da; American anJ Sterling Exchange, and Stocks,Bonds, etc.. bought and sold.Ctirrespondents— Uaiik of New York, New York

and Alliance Kank. Londop.

New Kni;laiitl Bankers.

Noiv England Bankers.

Brewster, Basset & Co.,

BANKERS,No. 36 CONGRESS STRBKT,

BOHlTON.MBMBBRS OF THE NEW YORR AND BOSTON

STOCK BXCIIANOES.

ALSO.

Dealers In Municipal, State. Railroad and

United State* Bonda.

josbt7a wilbour, chari/i8 h. shxi.non, jb.,Bknjamin A.Jackson, Wiliiam Binnkv, Jk.

Wilbour, Jackson & Co.,BANKERS AND BROKERS,

Jja WEYBOS8ET STREET,PROVIDEXtE, R. I.

Dealers In Commercial Paper, Government andother first-class Bonda and Securities and ForeignExchange.Private Telegraph Wire to New York and Boston.

C. E. Jackson & Co.,jniDDLETOWN, CONN.,

Buy and sell aovcrnmont. State. Municipal and

Railroad Bunds and Stocks. Investments for Sav-

ings Banks a specialty. Correspondence solicited.

Bank of Deposit,84 Devoniihirc &.'iO Water 8ts., cor. opp. P.O.

BOSTON.Interest on acposits subject to check.Ponds and iither investments bought and lOlA.Correspondence invited.Orders executed ai Boston and Ifew York SlotkExchanges, of which we are members.

F. A. Hawley & Co.,BANKERS.

Ptalladelpbia Bankeri.

E. W. Clark & Co.,BANKERS,

No. 33 South Third Street, Philadelphia.

DEALERS IN CAR TRUSTS AND OTHER IN-

VESTMENT SECURITIES.

Stocks and Bonds bought and sold on Commission

Geo. C. Thomas. Jos. M. Shoxuakeh.

Tower, Giddings & Co.,i; A N K E K 8 ,

No. 10.; nEVONSHIRE STREET,BOSTOX.

Orders for Stocks cxectitod in Boston, New York andother markets.

Thomas & Shoemaker,BANKERS AND STOCK BROKERS,

.

134 Bontb Third St., PHITADELPUIA.Dealers in all issu*'* "f United States Bonds.

IiiTestment SecuritieB h Mpeclultjr. Correspondence

invited and full information upon tlnancial subjects

furntshed.

J

Baltimore Banker*.

ohn A.Hambleton&CoBANKERS AND BBOKESa,

No. 5 HOVTII STREET,BALTIMOIIK.

ConnMfed ^v Special TTIrt icUk Ktvi Fork and PkOo-Attphia Cerrefptmd^nfJ.

Transact • Qeoeral Banking Buslneea.

Buy and sell on Commission In this and other oltiM

all descrlptloni of Stocks, Bonds and Securities.

Special Attention given to Inregtmentt.

Ixians negotiated an 1 advanoeamade oncollaterals.

Deposit! reeelTcd subject to check at sight.

Collections on all polnti In U. S. and Canada.

A. P. Turner & Co.,BANKERS,

No. '.£07 Walnut Place, PHII.ADELPIIIA.Government, State, Municipal and Railways Bonds

and Stocks bought and sold at all the EccnanKes.InvestmentB prudently D:a1e in sound railway ae*curtties. Collections promptly attended to.Correspondents carefully represented at Auctions

and Private Sales. Bond .of good but not well-known railroads always wanted for investments at

ttie best rales. Orders nn riLnrKins not enrertaini d.

Baltiinoro Bankers,

Parker & Stackpole,BANKERS,

:No. 60 DEVONSHIRE STREET,

BOSTON.

J, W. MinnEXDORP. W. B OUVKU, C. A. AlbebtlMembers Baltimore Stock KxchanKe.

MiddendoTf,Oliver& CoBANKERS AND BROKERS,

S. W. Corner Uerinnn Jk !^aiith Sts.,

P. O. Box 227. BALTIMORE, niD.Special attention plven to the n''«otlati'»n of For

elgn Bills of Kxchunge, Collateral Loans and Com-mercial ruper.INDICATORS AND TELEPHONE; IN OFFICE.

Robert Garrett & Sons,BANKERS,

No. r 80CTII STREET,BALTIMORE.

TRANSACT A QENEnAL DOMESTIC AND FOBRIGN BANKING BUSINESS.

Soutlicrn Bunkers.

Wilson, Colston & Co.,BANKERS AND BROKERS,

B.vi.TmonE.INVBSTMENT and VIRGINIA SECURITIES a

specialty.Correspondence soUdteJ and Information fur.

nlahed.N. Y. CoBBUPOKDKNTS—McKlm Brothers k Co.

THOa.P.MIU.EB, B. D.irlLt.IAH8, JNO.W.MIIJJBCHAS. B. MILLIH.

Thos. P. Miller & Co.,BANKERS,

IHOBILE, ALABAMA.Special attention paid to collections, w<tb prompt

remittances at current rates of ezchanse on day oxpaTment . „Correspondent*.—National Bank of State of New

Terk, New fork : l^oulslana National Bank, MewOrleans; Bank of Liverpool, Liverpool.

E. E. HUKBUHS, fres t. A. K. Walkib, Caataier

First National Bank,VriLiniNGTON, N. €.

Collections made on all ports ot the United States

Wm.C. Coubtket, Pres. EBSfBST II. PBiKeLB.Caah

BANK OF CHARLESTON,KAiiONAi. Banking Associatiox,

CHARLESTON, 8. C.SPICIAL ATTBHTtOS OIVKH TO COU.ICTIOK8.

R. H. MAURY dc CO.,STOCK BR0KER9,

RICHMOND, VIRGINIA,Buy and sell QoTernment, State, Municipal and

Railroad Bonds and Stocks, he. Vlrittnla StateTax-Recelvable Coupons bought and sold. All orderspromptly attended to. _ ^

New York CorrespifBdent. YERMILYB i, CO.

MERCHANTS' NATIONAL BANK,RICHaiOND, VIRGINIA.

Collections made on all Southern polnta on bestterms ; prompt returns. _ _JOHN P. BRANCH, President.John F. OLiNN.Cash. fbkd. B. scoTT.Vlce-Pres't.

TnOiHAS BRANCH & CO.,BVNKRBS AND COMMISSION MERCHANTS,

RlCiniOND, VIKGIMA,Information on all claases of Southern Secnrltlea.

especially State Bonds, Tax Coupons, Ac. Cor-respondence solicited.

'Wc§lcrn Bankers.

Tarvis, Conklin & Co.,KANSAS CITY, RIISSOVRI.

FIRST MORTOAGH LOANS upon ImproTrdfarms In the best portions of Kansas and Missouri,worth from three to six limes the anioun' loaned.Interopt 7 and 8 per cent semi-annual, and alwayscollected and remitted to Investor free of charge,over a million dollars loaned and not a dollar lost.

Savings banks, colleges, estates and private indi-viduals who want SaT'K and PROFITABLE Inveat-ments, write for circular and full information.

John V. Hogan & Co.,113 No Third Street, Sc. Louis, AIo.,

DEALKR3 IV

Western and Southwestern Municipal and RailroadBonds or Stocks.

Defaulted bonda a specialtr. Choice tnTestmentsecurities alwara for sale. Write to us before youbuy or sell any Illinois, Missouri or Kansas bonds.

Sam'l A. Gaylord,ST. I.OVIS,

DEALER IN WESTERN SECURITIES

Defaulted County, Tpwnshlp and City Bonds ot

Misaourl. Kansas vid Illlnoia bought at best rates

Investment Securities for ».ale. Correapondenco

solicited.

It THE (milONK^LE tVoL. XXXV.

Wcilcrii Duiihcia.

Uiu. A. LcnrB rres't. A. L. ScaMiDi, Cuhler

First National Bank,U. 8. DEI 08[TORY,

LOUISVILLE, KBNTUCKY,

Special atwntlon glTgn to oollecllons. Proceeds

promptlr reissued at best rates. Aocounte of

BsBlu and Bankers solicited.

THE WESTERNFarm Mortgage Co.,

LAWRENCE, KANSAS,OfflwstolnTOTtorsthe boet securities In the market.FIKST MOKTGAOK LOANS UPON IMPKOVKDFAKMS. luterest and principal paid on day or ma-turltr in .New Vork. Fand.s promptly placed. Ijirge

. No l0880«. Senil for circular, referencesforma. K. M. PKKKINS, President; J. T.

^Icc-Prest.: h. H. PEKKI.NS, Secretary;

. W. GllAJSl'T, Treaa. N. F. UABT Auditor.

P. F. Keleher & Co.,SOS OLIVE STREET, ST. LOUIS, Mo.Ftnrt,*l«sa Western Investment Securities for sale.

St. Louis tity and States of Missouri, Kansas 'lexas,

Arkansas and Oiloniilu Ilonds a specialty. f"ull In-

fonnatlon given In reference to same on application.

Conpons and Dividends collected.

Taos. M. Thornton. Wm. W. Thornton, Cast.

W. F. TIIORXTOX ^k SO.\,(Established 18S9,)

BANKERS AIND BROKERS,8HELBYVIL.LE, ILLINOIS.

• Collections made In Shelby and adjoining CountiesMid Proceeds remitted on liay of Payment.REKEHK.NCKS—National (sankof Commerce.New

York. Union National Bank, Cincinnati. ThirdNational Bank, St. Louis. Traders' Bank, Chicago.Indiana Banking Company, Indianapolis.

Financial.

Financial.

Bhkkuan S. JKW«TT,Pree. JOSIAH JEWITT,V-PrcsWiixiAU C. CoRNWiLL, Cashier.

Bank of Buffalo,CAPITAL S300.000.

BUFFALO, N. Y.

This bank has luperlor facilities for maklnR col-lectloDB on all accessible points in the UnitedStates. Canada and Kuiupe. Liberal terms extt^ndedto accounts of bunkers and merchants.CuHHBSPONUKNTS.—New York, National 8boe &

liOatber Bank; I.ondon, Union Bank of London.

Geo. K. Sistare's Sons,17 NASSAU ST., NEW YORK,

DKALERS IN

FIRST-CLASS UKYESTIUENTS.Buy and Sell on Commission, for oash or on mar>

fflja. all aecnritiee dealt in at the New York StockRxcbange.Interest allowed on daily balances.All deposits subject to check at sight.

Particnlar attention to orders by mail or tele-

Krapb.

Wood, Huestis & Co,

31 PINE ST., NEW YORK,BANKERS ANU UROKERS,

6UCCK8S0US TO

WOOD &. U.WIK.Bzecute orde!rs in all securities listed ut the NewYork Stock Exchange. Fur Sale.FlUST-Ct.AS8 KalLKOAl) "Isr MOKTOAOK BoNDS.OKOROB C. WOOD. 0. U. HUESTIS. L. M. 8W Aj,

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

«6 BROADWAY, NEW VORK,DEALERS IN

FJr«t-Cla«» luvestment Securltlea.eOVKKKMENT BONDS, STATE. CITY, COUNTYBAXLKOAU ft MIBCKLLANEOU8 SEctlllmKS

Bought and Bold on CommlBalou

aOVlaSBS SKCURITIBS ASPEQ1AL2TLOANS NKGOTIATED.

INTKRKST ALI,0WED ON DiPOSITS.

STOCKS and BONDSAt Auction.

The Undersigned hold REGULAR AUCTIONBALES Of all classes of

STOCKS AlVB BONDSON

WKDNE8DAYS AND SATURDAYS.

ADRIAN U. HIJEEER & SON,»__ Mo, 7 PIKE STREET, NEW YOBK,

JOSKPH P. LLOTD. W. C. MCKBAN,- Member Of N.Y. Stock Ezch'se.

Lloyd & McKean,No. 34 "VrXXilj STREET, NEIT TOBK.

BUT AND SELli-ON COMMISSION

GoTernment, Rallwray and mseella-neons Securities.

Colbron, Day & Field,

BANKERS AND BROKERS.

No. 17 New Street, 130 La 8alle Street,

NEW YORK. CHICAGO.

Stocks and bonds bought and sold for oa«h or

on marKln.

Interest allowed on deposits, subject to check at

sight.

axoBOE Stakk. John F. Stabs.

George Stark & Co.,BANKERS,

No. 33 Nassau Street, Neir ITork,

TRANSACT A GENERAL BANKING BUSINESSAND BUY AND SELL INVESTMENT

SECURITIES.Have constantly on hand and for sale

WESTERN CITY AND FARM MORTGAGES,Bearing 7 to 8 per cent Interest.

WESTEIlN MUNICIPAL BONDS.Circulars with full particulars mailed on application.

C^ Co.BANKERS.No. 18 VYALL. STREET,

New York.Transact a General Bankins Business, Including

t le purchase and sale of STOCKS and BONDS forc sh or on raaryin.

Buy and Sell Investment Securities.- O. BOX 2.B47

A. M. ClDDKO. WAVL/Kn TiiSK. H J. MOIOE.vv 1 . Hill.

B A N K E R 8 ,

38 Broadway, cor. Exchange Place, N. YBranch Office, 1'.28 La Salle St., Chicago.

TRANSACT A GENERAL BANKING BUSINESS.INCLUDING THK HUKCHASE AND SALE OFSTOCKS AND BONDS FOR CASH OR ON MAH-OIN. BUY AND SELL INVKSTMENT SECURl-TIKS. INTEREST ALLOWED ON DEPOSITSSUBJECT T<i CUECK AT SIGHT.

P. O. Box 447.D. A. BooDY, C. W. McLeLLAK, Jb.Reuben Lkland. F. G. Saltonsiai.i..

25 fiNe §T. - r^euu^ORK?

Purchase and sell on Commission GOVERNMENTand RAILROAD BONDS and STOCKS, and all

classes of Securities dealt In at the NEW YORKSTOCK EXCBANGB, or all reputable Securities

bought and sold In the OPEN MARKET. LOANSand COM.MKRCIAL PAPER negotiated. Interest

paid on DEPOSITS, subject to check.

BANKERS,VNITED BANK BUILDING,

DTall Street, Corner Broadway.STOCKS, BONDS <t COMMEBVIAL PAPER.Stocks and bonds bought and sold on commission at

New York Stock Exchange. Advances made on busi-ness paper and other securities.

Wh. D. Hatch,Member N. Y. Stock 1 cch.

Wu. B. Kknoall.

No. 31 WAIil. STREET,

BANKERS AND BROKERS,B«fei to mmui. riBK A HAica.

Financial.

James T. Bates & Co.,(ESTABLISUED 1868,)

BANKERS AND BROKERS,mUs BnUdlns, New York.

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

CO., Geneva, Switzerland.

Gwynne & Day,[Established 1854.) No. 45 W»U Street.

Transact a general banking and brokerage busi-ness In Railway Shares and Bonds and Governmentsecurities.

Interest allowed on deposits.

Investments carefullr attended to.

Lummis & Day,Nos. 34 and 38 DRHXEL BUILDING, Cor. WALL.

and BBOAD STREllTS,BANKERS AND STOCK BROKERS.WlIXLiM LOIIMIS, HXNBY DAT

Members of New York Stock Exchange

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

T Wall St., Cor. New, New Vork.INVESTMENT SECURITIES.

Special attention to business of coantrv banks.

Schuyler N. Warren& Co61 Excliange Place.

INVESTMENT SECURITIES.Clt7, Railroad, Gas, Electric Light and Mlscellaneoua

Stocks and Bonds.

VOBSTCB D. BABKBR,Member N. Y. Stock Exch.

HlNBT C. nSKtOL.

Barker & Tinker,STOCK BROKERS.

2 EXCHANGE COURT, NEW TOBK.Buy and sell on commission, for Investment or oa

margin, all securities dealt In at the New York StockBxcnange.

ALEX. s. Clabk. H. b. Bacon, l. r. Bacon.

Clark & Bacon,BANKERS AND BROKERS,

3 Pine Street, Nevr Vork.Buy aDd sell on commiRslon all Securities dealt I m

At the ^ew York Stock and the New Vork Mini- ,:

ExclKiDKes. Deposits received and interest ullowon biilAnces.

Simon Borg,No. S W4LL STREET, NEW Y<!i:ii.

DEALER IN ALL KINDS OF

Railroad and luvestment Securities.

SonTHERN SECURITIES A SPECIALTY.

Henry Bros. & Warlield,BROKEIIS IN

STOCKS AND BONUS, UNLISTED SB-CURITIES AND MINING STOCKS,

52 BROADWAY.Douglas Hbnrt. Cearlbs Skton Hknbt.

Member N.Y. Stock Ex. Member N.Y. Mm. Stosk Kx-DANIEL WAKrULD.

Oilman, Son & Co.,BANKERS,

«3 CEDAR STRJBET.

In addition to a General Banking BuBinesfl,bu7and sell Qorernment Bonds and Investmeut SecurUties.

Olliffe & Schmidt,No. 72 BROADWAY & No. 13 NEW 8T.,

BROKERS FOR THE PURCHASE ANDSALE OF RAILROAD SECURITIES.

CORNELIUS W. OLLIFFE,Member of N. T. Stock Exchange.

EDMUND P. SCHMIDT.Member of N. Y. Stock Exchange

lOHNPONDIB. EDUARU MKBTBNsTACoTWAraA?.

Pondir & Co.,stocks, Bonds & Inrestment Secnritieg,

20 EXCHANGE PLACE, NEW YORK.Orders executed onCthe London and Bonweao

Uarkets. Hi ft- __

juLi 29, i8ea.j

Financial.

AmericanFINANCE COxMP'Y,

3 & r NASSAU ST., NEW YORK,31 S. THIUD ST., PHILAUEI^PUIA,

rOllTLANO BLOCK, CHICAGO.

Capital StocK, "T~. . $1,000,000

SODND INVBSTMKNT SECUKITIKS fornlslied

to Corponito and Private Inyestorii.

CAPITAL FUUNISHEU Oil PROCURED for

lUilroad Corapiinlos havlnu lines under construc-

tion, and their Bonds purchased or noKOtlated.

FINANCIAl. NKGOTIATIONS conducted for

Counties. Towns and Cities, and tor Railroad Companics and other Corporations.

WII/L CONDUCT TUB KINANCIAI, RK-OR-OANIZATION of Railroad Compan'os and other

Corporations whose property Is In the bands of

RecelTcrs or Trustees.

WILL BUY AND SKLL INVBSTMKNT SECUR-ITIES on Commission.WILL BUY OR SKLL DKFAULTKD BONDS or

conTert them Into Interest-paylnK Investments.

Circulars and other information furnished on ap-

plication.

JOHN C. SHORT, President.JOHN C, NEW. Vice-President.Wn. P. fVATSON, Sec'r and Treas.

The Brooklyn Trust Co.Cor.oX Hontafine & GUaton sts., BrooUrn, N. Y.

Thla Company l8 authorized by special charter toact as receiver, trustee, Kuardian executor, or a<3-

tnlDLstrator.it can act as asent In the sale or management ot

feal estate, collect Interest or dividends, receiveTeai.>4try and tninsfcr books, or make purchase and•ale of Government and other securities.

Kellgious and charitable institutions, and personsanaocustomed to the transaction of business, willttnd this Company a safe and convenient depositoryfor money. CHA8. U. MAKVIN. Vice-Pree't.

TRUSTEB8 :

Wm. B. Kendall, Henry Sanjier, Alei. McCue,John P. Rolfe, Chas. R. Marvin, A. A. Low.E. V. Knowlton, Abm. B.Baylis, Henry K.Sheldon,H. i£. Pierrepont, Dan'K'huuncey. John T.Martin.Alex. M. White, Josiah O. Low, Kdmund W.Corllea

Frederic Crcimwell.WM. H. BiTNKKR. Secretary.

Hekrt N. Bkush, Comptroller.

Sondlts ofSu-fetyship.FIDELITY at CASUALTY CO.

OF NEW TORK.Assetfl $380,003 00Capital Invested in U. S. Bonds 250.000 00On depos't with Insurance Department,. 100.000 00

OfflclHls of B:tnk4. ttaiiroads and TriLnsnortattonCompanies, Managers. .Secretaries and Clerks ofPublio Cum pan lea, Institutidns and CommercialArms, can obtain security from this Company atmoderato charKes.The botfc is uf this Company are accepted by the

courts of Llie Stut! of New York.Full information as to details, rates, Ac, can be

obtained on appUcation to head office, 170 Broad-way, N. Y,Wm. M. RicnARDS. Prest, Jouw M. Crans, Sec'y.

W. Hakvey Lke, Inspector.DiBBCTORa—Ueur»fe T, Hope.U, O. Williams, Geo.

8. Coe, Charles Dennis, J. S. T. Stranahan, A, B.Hull, A. S. Barnes, S, B. Chictenden, H, A. Hurlbut.W. G. Low, David Dows. J, D. Vermllye, Alex.MltcbeU, Wm. M. Richards.

Bonds of Siii*etysliipFOR OFl'lCERS ANT> KMPL0YKB8 IN

POSITIONS OF TRUST.

The Oaiarantee €o.OF NORTH AMERICA.

OMh Capital 1800.000Cash Assets over 360,000Deposit with Insurance Department 200,000

President: Manajdnsr Director:8nL Aucx. T. Galt. Edwaki) Rawu^'ob.

NEW YORK OFFICE:No. 178 BROADWAT.

NEW York Directors.—Joseph W. Drexel, A. L,Hopkins, H. Victor Newcomb, John Paton, DanielTorrance, Kdw. F. Winslow, Erastus Wiman.

TransaotB no other business.;

Francis Smith & Co.,Indianapolis, Ind.; montgom.rr, Ala.

SELECTEDHORTOAGE LOANS.NORTHERN 6 TO 8 PEE CENT NET.BOUIHERN 8 TO 10 PEE CENT NET,

AlaoUeneral Invest meut Brokers and Attorners,

Hatch & Foote,BANKERS, No. 13 WALL STHEBT,

BUT Ajm SXLI,

OOTBBNMKNT BONDS. STOCKS AND 1U8C1IL.LANKOCS SBCDBlTlfHa,

THE (.^HRONICLK

Financial.

Stewart Brown's Sons,No. 38 PINE STREET,

NEW YORK.

Government Securities, Stocks & BondiBought and Sold on Commission.

investmknt securities a spbcialtr.

Prentiss & Staples,Membkuh (IV Nbw youK Stock ExcnANoK.

No. 11 W^ALL STREET, NEW VORK.

OAS STOCKSAND

OAS SECURITIES,Str*et Railroad Stocks and Bonds,

AND ALL EIKDS OF

BROOKLYN SECURITIESDEALT IN.

8EB GAS QUOTATIONS IN THIS PAPER.

Ftnanoial.

To Investors.BROOKLYN AND NE'W YORK

SECURITIES.FRABfK B. BEERS,16 Court St, 31 Pine St.,

BROOKLYN. NEW YORK.

CITY BONDS,GAS STOCKS.RAILROAD

8T0CKB.

Railroad Bonds.

We ofiFer for sale a large line of CHOICB

Railroad Six Per Cent Bonds on most

desirable terms to buyers and inyestors.

A. W. Beasley & Co.,

98 BROADWAr. NEW YORK.

H. L. Grant,No. 14S HK«>ADWAV

NEW VOI'.K.

CITY KAILKOAl) STOCKS St BOND^BOUGHT AND SOLD.

See qnotattons of City Railroads Id this papi r.

N. T. Beers, Jr.,

itrouklyii Sccaritioi, City Bonds.

(;aN stocks, &c..

No. 1 NEW STREET,NBW YORK.

J. P. WI1«TRE*GHAM.GAS, INSURANCE, BANK STOCKS,&C.

8KCUKITIE8 BOUGHT AT THK AUCTION SALES.

36 PINE STREET, N. Y.See advertisement In the Journal of Commerce.

J. D. PBINCI, JAS. WHITILT, U. CBUaXK OAKLXTUARBV C. LOOAN, MAYNAKD C. KVBI.

W. R. Travsbs, Special Partner.

Prince & Whitely,No 64 BROADWAY, NEW^ YORK,

(Branch Office, 180 Fifth Avenue),All classes of Railway and Mining Stocks booght

and sold on Commission.Private Telegraph Wires to Philadelphia, Wilming-

ton, Baltimore, Washington, Boston. Bridgeportand New Havgn.

Fred H. Smith,BANKER AND BROKER,

No, 20 BROAD STREET, JIEW YORK.

RAILROAD SBCVRITIBS(Aa Intimate knowledge of all for the past 10 Years)

' A SPECIALTY.Investors or Dealers wishing to bay or sell are

Invited to communioate. State, Municipal andHallway Konda aq4 OouyoaS bought and sold at ^tMarket Rates,

Wm. C. Noyes,No. 21 NASSAU STREET,

orrKits rou haleVtlca Chenango tc S. V. RR. Stock.Guaranteed 8 per cent semlwuinually In perpetuttr

by Del. Lack. * Western RK.C^.Interiiallonal Orean Tnl. Stock.

Gold and Stock Tel<>t;ra|>li Stock.Guariintoed Ikiper ront qtibrtvrly torW years bf

Western Union Telotfraph Co.

Amortoan TeleKraph dc Cable Stock.Guaranteed IW nor ront quarterly for ISO years, by

Wontom Union Tul<'gmi>h Cu.Thi'se stocks are in tlit> nature of a mortgage bond,

being first Hens up^in the earnings of the guarantors.

Taintor & Holt,BANKKR8.

Mo. 10 WALL STaKET. NKW YOKK.TRANSACT a OENEIKAL RANKING business.

DEPOSITS received and 1NTERB8T allowed oobalances.

Buy and sell GOVBRNMKNT, MUNICIPAL andRAILROAB Bonds.Private telegraph wires to Providence and Boston

K. TAINTOR. OBO. U. nOLT.

Geo. H. Whipple,No. 36 WALL 8TREKT,

NEW YORK.

ELECTRIC LICIIT STOCKS.vnit c AT vj Brush (Parent Company^. AsaerlcaaroK BALK

J United Stales. Kasiern.

WANTBD.-Brush (N. Y. Co.) Fuller.

E. S. Bailey,7 PINK STREET.

Dealings In

Insurance StocksA SPECIALTi:.

Casta paid at once (or the above Securities ; orthey win be sold on commission, at seller's option

Lansdale Boardman,8TOCK BROKER.

-OFFICBS—No. 80 BROADWAY, NEW YORK,

HALL BUIIBI.va, TROr, N. Y.,

Connected by Private Wire.

All securltieb dealt In at the N. Y. Stock Exchangebought and sold on coniwi»>8i(in and carried on a fairmargin, interest allowed on credit balances.

Central Railroad and

Banking Co.

Stock and Bonds bought and sold \>j

TOBEY &. KIRK,4 BROAD STREET.

li O IS T> S .

Bond*, Government,Bonds, InveBtment,Bonds, nisoellaneooa.Bonds, Car Trust,Bonds, Municipal,Bonds, Defaulting,Bonds, Railroad,Bonds, I7nliMted,

Bonds, Listed,Bonds, County,Bonds, Town,Bonds, Oblo.

D. A. li:A.STO]V,with Boody, McLellan A Co., Bankers and Member*

New York Stock Exchange, 58 Broadway.

Clonnty, City Jt Town Bonds st West.Stat^^Wiscon in Central Ittt. OiU baud Grant Bonds.

St. Joseph & Western UK. Stock,rt. Joseph * PaclMc KK. Honds.City or St. Joseph vlo.. Old Bonds.International Improvement Co. Subsonptloni.Brooklyn ICievateo KK. ^«ouritlea.

Ameruan Cable Co. Subsi;ri./tlu.s.

Midland Bailroau of N.J. SecuritiesChicago & Grand Trunk KK. decuriclas.

South Carolina UK seuurilies.

Grand Rapids* Indiana KH. stock.

ClnoUmtUl BiOhn-ond .X Kort Wayne StWlk.

Bouffhl by W-U, K* VTrUm\9"'iTo.Sl htm STIMtKT. NUW tOBK'

THE CHRONICLE. [Vol. XXXV.

Financial.

Minneapolis & St. Louis

RailwayFIRST MORTGAGE

Tblrty-rear 7 Per Cent Gold BomdaON THE SOUTHWESTERN DIVISION.

AIM 6 PER CENT GOLD FORTY-YKAK FIRSTtlORTUAUE BONDS ON THE PACIFIC DIV-ISION.

^^^ g^j^^ g^

MORTON, BLISS & CO.,

No. its NASSAU 8TRKET.

Gargiulo & Co.OFFER A LIMITED AMOUNT OF

FIRST-CLASS RAILROAD BONDS,XT A PRICE WHICH WILL INSURE 7 PER

CENT TO THE INVESTOR.Futtcnlars at their ofBcc,

70 BROADWAY.

J.C. Chew,

Ho. 7 WALL STREET, NEW YORK.TEXAS KAII.1VAYS,

BONDS, LANDS, &e.DMlrable Texu Securities for Inveitment coa-

taDtlr oD band

TEXAS & St. Lodis Co.nstruction fund,MissoLiu AND Arkansas Companies,

St. Louis, July 25, 1882.

AN INSTAI.MENT, No. 7, OF 10PER CENT is hereby called from the subscribers

to the above fund, payable to the CKNTltAL TRUSTCOMPANY of New York, on August H, 1882. CertlU-oatea are to bo presented for Indorsement and thebonds appertaining to this instalment will be deliv-ered by the Trust Company im soon as countersigned.

I. W. PARAMORB, Trustee.

"POCHESTEB & PITTSBCRG RAII.-ROAD CO.—Couponsiol the First Mortgage Bonds

of this company maturing August 1, 1882, will be paid

on and after that date at the Union Trust Company©f New York.

FRED. A. BROWN, Treasurer.

FFICK OF PIIL,1.MAN'S PAL,ACECAR COMPANY, CuiCAdO, July 22, 1882.SIXTIETH QUAKTBRLY DIVIDEND.

The usual quarterly dividend of TWO (2) PERCENT on the capital stotik of this company has beendeclared payable Aug. 15 to stockholders of recordAug. 1, at the following offices

:

The Farmers' Loan & Trust Company, New York.New England Trust Company, Boston.Company's Office, Chicago.

Transier books will ckise Aug. 1 and reopen Aug. 16.A. S . WE1N8HE1MKR, Secretary.

'^OTICE.—THF COUPONS OF TH£First Mortgage Bonds and interest on the Guar-

anteed Preferred Stock of the Louisiana & Missouri

River Railroad Company, and Interest on the Pre-ferred Stock of the Kansas City St. Louis & ChicagoRailroad Company, maturing August 1, 1882, will bepaid on and after that date at the office of Messrs.JB8UP, PATON & CO., No. 5'^ William Street, NewYork.

New York, July 18, 1882.

QALVESTON HARRISBVRG & SANANTONIO RAILROAD CO. Coupons due the

16tb proximo will be paid on and after that date atthe office of Messrs. DREXEL, MORGAN & CO.,comer Wall and Broad Streets, New York.

CHAS. BABBIDGB, Treasurer.

THE LAKE SHORE dc mcHIGANSOUTHERN RAILWAY CO.

TaEASURKR'a Office, Grand Central Depot )New York, June 27, 1882. i

The Board of Directors of this Company have thisday dechired a QUAHTEUI.Y DIVIDEND of TWOPER CENT upon its capital stock, pavable on Tues-day, the lirst day of August next, at this office.The tr.uisfer hooks will be closed at 3 o'clock P M

• on MONDAY, the THIRD DAY of JULY next, andwill be reopened on the morning of Friday, the fourthday of August next.

E. D. WORCESTER. Treasurer.

NOTICE.-THE FIRST NATIONALBANK OF TERHE HAUIE, located at TerroHaute, in the State of Indiana, is closing up itsaffairs. AM note holders and other creditors of saidassociation are therefore hereby notified to presentthe notes and other chilius against the association forpayment. U. S. DEMING, Cujhler.Dated June 29, 1882.

«, ^.^mer.

The above Is to conform to the law. The new bankwill continue business under the same name and inthe same place, and under the same management.^

H. 8. DEMINO. Ca.shler.

l^OTICE—-^Tho FIRST NATIONAL BANK OP TROY,(No. SOJ, located at Troy, in the State of Ohio, sclosing up Its amars. All noto-holders and othercreditors of said Association are therefore herebynotified to present the notes and other claims againstthe Association for payment

,

IJ. W. SMlru, CashierDated Jime 10. 1882 '

'•''""'-^-

O T I C E .-THE IIAItnONY NA-TIONAL BANK, located at H,-,nnony, in the

Slate of Pennsylvanln, is closing up its uffiilrs.All note-holders and others, creaiti-is of said asso-

ciation, are therefore hereby notlUed to present thenotes and other claims a^inst the association forpayment. U. J. ZUTCHELL, Caahler.

Finuncial.

OFFICE OF

NEW YORK ONTARIO & WESTERNRAILWAY CO.,

as WAIil. STREET,New York, July 20, 1882.

Notice Is hereby given that the Board of Directors,

having resolved to dispose of the West Shore Rail-

way Company's bonds owned by this company, offer

the right to subscribe for the same on special terms

to the stockholders of this company.Printed circulars giving full information and sub-

scription blanks may be obtained on and after July

29, 1882. upon application at this office.

For the purpose of this subscription, the transfer

books of the company will bo closed on Saturday,

August &, 1882, at 3 P. M., and reopen on the morn-ing of Tuesday, August 15, 1882.

Stockholders of record at the date of the closing of

the books as above, or those holding assignments of

the rights to subscribe pertaining to the stock, maysubscribe under said circular from Aug, 7th to 14th,

1882, inclusive.

By order of the Directors.

JOHN L. NISBET. Secretary.

A PRIME HOME INVESTMENT.

Long Island Railroad

FIRST MORTGAGECONSOLIDATED 5 PER CT. BONDS.

P.\.YABLE 1931,

INTHKEST QUARTERLY.A limited amount for sale by

CORBIN BANKING CO.,JAMES G. KING'S SONS,KIAXTTELL ic GRAVES.

Coupons Collected.Coupons of July 1st, 1880, to January Ist, 1882,

inclusive, on Louisiana 7 per cent Consols at thereduced rate of Interest, will be collected, at a chargeof one-fourth per cent and exchange, by

STATE NATIONAL BANK OF N. 0.

T. R. ROACH, Cashier.

CHICAGO & NORTHWESTERNFive Per Cent Sinking Fund Bonds,

DUB 1929.

PRICE PAR AND INTEREST.For sale by

KHHN, LOEB & CO.,No. 31 NASSAU STREET.

THELeadville Gaslight Co.,

Got. H. a. W. TABOR, President,

HAS ISSUED

^100,000First Mortgage Sinking' Fund Bonds,

PAYABLE IN NEW YORK,WHICH I OFFER

AT A PRICE TO MAKE THEJI AN 8 PER CENTPAR INVESTMENT.

Descriptive pamphlets furnished on application.

A. >VIL,KIK$, 74 Cedar St.

Albert E. Hachfield,17 NASS.1U STREET,

Deals In Inveiitnieut Secnrltlen andBondu Generally.

WANTED:Indianapolis k St. Louts Ists.

Columbus & Toledo Ists.

Joliet & Northern Ists.

Cincinnati Richmond A Fort Wayne Stock.Cincinnati Hamilton Jt Dayton Bonds

Car Trust Bonds.WE MAKE A SPECIALTY OF THESE VERY

SAFE SECURITIES, A.ND bUV AND SELL SAMEAT MARKET PRICK.WE OFFER A LIMITED AMOUNT OF DESIR-

ABLE CAR TRUST ISSUES, ADDITIONALLYSECURED BY THE DIRECT OBLIGATION OFTUEllAILROAD EQUIP.HENT CO.UPANY.

POST, niARTi:^ &, CO.,E4 Prafi SIREET.

Financial.

The New EnglandMortgage Security Co.,OFFER FOR BALK AT PAR AND ACCRUla*

INTEREST PROM JULY 1,

5 PER CENT TWENTY-YEAR BONDS.

$1,000 Each, Due July 1, IdOX.SECURED BY

First Mortgages on Improved Farms,

Quaranteed, Principal and Interest, by its

CAPITAL, STOCK OF $1,000,000Interest Coupons payable January 1 and July 1.Bonds registered to order or payable to bearer at

option.A pamphlet with full information will be sent on

application to the Company's Office.

43 nULK STREET, BOSTON.These bonds are commended to the attention of the

most conservative investors, as they are believed tobe as perfect a security as can be obtained.The issue of bonds is limited by law to an amount

not exceeding Ave to one on the paid-up capital. Thesecurity of each bond is not confined to a single mort-gage, but extends over all the mortgages owned bythe Company.The cvpenence of the past seven years has fully

demonstrated the high clvlracter of the mortgages lawhich the Company Invests. '£his Company receivesno deposits, gimrantees no other securities, and hasno other debts than its bonds.

CHARLES L. FLINT, President.

3. F. F. BREWSTER, Treasurer.VICE-PRESIDENTS

;

TnOS. WIOGLE.SWOBTH, GEO. C. RiCnAROSOH,EusuA Atkins. John Wubstkr,

Auos T. Frotuinoham.DIRECTORS

:

Hknby Saltonstall, Austin Corbin,Edward E. Pratt. J. Baxter Upham,I. D. Fabnbworth, Gilma.v s. Moulton,

Charles l. Flint.

NEW YORK LACKAWANNA & WEST-ERN RAILWAY COMPANY

FIRST MORTGAGE SIX PER CENTBONDS OP 1921.

Interest payable semi-annually upon the first

days of JANUARV and JULY.This road forms with the Delaware Lackawanna

&, Western Railroad a direct through line from

NEW YORK TO RCFFALO.The Mortgage Is a first lien upon the equipment

as well as upon the Road.FOR SALE BY

MOSES TAYLOR &. CO.,52 WALL STREET

R.J.

Kimball & Co.,BANKERS AND BROKERS

No. 40 BROADWAY. NEW YOR.K.

Thirteen Years' Membership Id New York StockKjcchan^e.

R. J. Kimball, A. B. IjOunsbkkv, F.E.BallardMembers N. Y. Stuck Exchange.

Kountze Brothers,BANKERS,

130 Broadway (Equitable BuUdlng;/,NEW YORK*LETTERS OF CREDIT AND

CIRCULAR NOTESIssued for the use of trarelers in

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

Telegiiiphio transfers made to Liondon and tovarious places in the United atates.

Deposits received subject tu check at s],(ht, and In-terust ulluwed on balances.

QoTernment and ot'ier bonds and inveHtment se-curities bouiibtund Buld on oommisslon.

SinnctrTrask.Geo. F. Fcdbody, Fred. B, Noyes.

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.

BKANCn officks,

Contiecled by Private Wire*,

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

Albany,N.r.,65 & 67 State St.,W.A.aBATBS

Saratoj^a, N, Y., Grand Uoiou Bot«l

xmmHUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATICS.

[Entered, acoording to act of Congreat, In the year 1882, by Wm. B, Daux & Oo., In the office of the librarian of Oongreas, Wacblngton, D. C.J

VOL. 35. SATURDAY, JULY 29, 1882. NO. 892.

CONTENTS.THE CHKONICLE.

Bank Certifleation Again 115Differential Kates and theCommlssloncra' Report IIG

The Flnaucial Sitiiatiou 117Mr. Qladstone and the War inEgypt 119

lllinoia Railroad CommissionRevising its Schedule 120

Monetary and GommerelalEnglish News 121

Commeroial and MiscellaneousNews 123

The Commercial and Finakcial Chrosicle U ptMuKed inNew York every Saturday/ morning.

{ Entered at the Post Offloo, New York, N. Y., as second-class mall matter. 1

TERMS OF SUBSCRIPTiON-PAYABLE IN ADVANCEiFor One Year (including postage) ijflO 20.ForSixMonths do 6 10.Annual subscription in London (including postage) *2 78.Blx mos. do do do 1 8s.

Babacriptions will be continued until ordered stopped by a toritUnorder, or at the publieaiion offlee. The Publishers cannot be responsiblefor Remittances unles.s made by Drafts or Post-Oftlce Monev Orders.A neat file cover is furnished at 50 cents ; postage on the same is 18

eenta. Volumes bound for subscribers at $1 00.

WILUAU B. DAHA. ( WILLIAM B. DANA fc 00., Publishers,JOHS a. FLOTD. 1 79 & 81 WiUlain Street, NEW YORK.

Post Office Box 958.

BANK CERTIFICATIONS AGAIN.One of our most trustworthy daily papers headed its

"Washington telegrams one day this week : " Congress

Q-etting Tired." Several circumstances seem to confirm

that statement. In the first place the weather is hot, and

hot weather is very apt to make men tired. Then again,

the public, the party of the first part, has been tired fer

some time, and nothing is more natural than that their

representatives shoulJ, after a little, reflect this weariness.

Furthermore, prostration is only another name for reac-

tion after the sturdy efforts this session to avoid a record

and yet appear to effect something. An English writer

has truly said that it jerks one terribly to kick at nothing.

To illustrate this latter point, recall what Congress has

attempted, done and left undone with regard to business

interests. In the first place after a violent struggle it

hung up all legislation with regard to customs duties for

a year by a tariff commission, which commission is nowbusily engaged in the cool breezes of an ocean beach

working hard to do nothing, and thus fulfill the ostensi-

ble purpose of its creation. Having so adroitly hamstrung

tariff reform, Congress next turned its attention towards

relieving the public from some of the worst internal rev-

enue imposts. Saveral months have been spent on that

subject, good speeches have been made for circulation on

every conceivable point and taking every conceivable

view, and as the people pay the money they can take

their choice. Having done so much the Senate this

week lays the bill aside for further consideration next

—

session. In case any one wants to express the beliefs

as made up from these speeches of either party on this

important subject, the statement would follow somewhatin form the stump speech by the politician who was try-

ing to straddle the Mexican war question as reported by

Hosea Bigelow.

" Uz (or the war I go agin It

;

. That is to say I kinder do.

'Cept that perhaps now we are In it—

It might be well to put It through."

One measure—and we believe only one—directly affect-

ing business interests, has been pressed through all its

stages and is now on our statute books. It is a queer

mixture of very good and very bad ; reminding one that

Congressmen, if we may judge them by their works, are

not so very unlike the little girl in the primer, wko,

when she was good, was very, very good, and when she

was bad, she was horrid.

The measure we refer to as having been perfected is

the Bank Charter bill. We have perhaps discussed this

law sufficiently already. But during this week we have

heard of an interesting incident which illustrates its

operation. One of the best national banks in Illinois

drew on its correspondents here a check for $38,000.

A day or two since this check was brought in for certifica-

tion. The Illinois bank that morning happened to

be short in its account some two or three thousand

dollars, and of course, therefore, the officers of the

institution to whom the check was brought,—although

running no risk and being entirely willing to do so,

—

could not certify it without making themselves criminals,

that is liable to arrest and imprisonment. Probably the

mail the. next day brought remittances to several

times the amount of the check; but the law is explicit

and admits of no exception, so the officers to avoid the

penalty had to " resort to the device " of paying the check.

This, as we showed last week, is a violation of the law,

and one of those wicked " evasions" against which Sena-

tor Beck has so feelingly and emphatically spoken.

But consider for a moment the possible results of this

one transaction if Mr. Beck and his followers had been

obeyed, and we shall see how this tinkering with business

machinery in a spirit of petty prejudice, by legislators

wholly unfamiliar with commerce, may before we know it

affect all our material interests. Here on the one hand was

the check of as good a bank as exists which happened to

reach the city in advance of its remittances and which its

correspondent here was called upon, if it strictly obeyed

the law, to throw out and dishonor. That is the exact

truth and the whole truth. This instance, though, cov-

ered the case of a bank of the highest credit, and as

the transaction could be quickly explained the effect of

discrediting the check of such an institution if it had

been done would be only temporary. Suppose, however,

that the bank had been less above suspicion or that the

obligation had been that of an individual, and further

116 THE CHRONICLE.IVol. XXXV.

that the transzwtion had occurred at a time of uni-

versally impaired credit and general suspicion instead of

general confidence ;— any one who has an appreciation of

the delicacy of commercial relations and the effect of the

least taint on commercial honor, can see that by obeying the

law under such circumstances an irreparable injury

might have been done not alone to a few persons but to

•the entire community.

Then again the act of the New York correspondent

required the use of $38,000 in currency to cash the

•check, whereas certification would have taken the check

through the clearing house the next morning, when prob-

ably the whole debtor balance of the city bank would

not have equaled this one obligation. Nor is this by any

means a solitary case. There are many similar, only vary-

ing in amount, occurring every day, altogether aggregating

a large sum. So that if this mode of dealing with such

•checks offered for certification should become general,

banks would require to carry much larger reserves than

they now do, and in times of stringency the custom would

be especially disturbing. We need not, however, enlarge

upon this point, for to any one at all familiar with our

currency condition and with bank operations, the far-

reaching effects of such a change are obvious.

Is it any wonder then, that when the business public is

told that "Congress is getting tired," it is received as a

not unwelcome announcement ?

DIFFERENTIAL RATES AND THE COMMIS-SIONERS' REPORT.

No one who has made a study of the differential rate

question will fail to recognize its difficulties. Not only

are varied and conflicting interests involved, but the very

principle of action which alone can govern in matters of

that kind seems to be in dispute. That is to say, very

many intelligent persons in neighboring cities whose

opinion in ordinary cases would carry not a little weight,

seem strangely befogged on this issue and inclined to lay

down bases of action for the New York roads, which if

imposed upon themselves as business men would be

unhesitatingly and indignantly rejected. Yet the prompt-

ings of self-interest cannot be ignored. Self-preservation

is the first law of corporations, as it is of individuals and

of nature generally. In obedience to this law the NewYork roads have time and again been compelled to engage

in a conflict with the roads to the other seaboard cities,

and time and again has the warfare been successful in

accomplishing the purpose for which it was carried on.

Only in the latest contest was there a cessation of strife

before a definite determination of the point in dispute.

After si.x months of the most desperate warfare a tem-

porary truce was agreed upon, which has now, it wouldappear, developed into a more or less permanent peace.

A Trunk-Line Commission of three disinterested persons

was one of the conditions, perhaps only an accompaniment,of the truce, but its functions were to be purely

advisory. This Commission has this week published its

report, and the report has attracted much attention andbeen variously commented on in different quarters.

The question at issue is simple enough, but, as said, a

satisfactory settlement is quite the reverse of simple. Likethe problem of squaring the circle, we all know just whatwe should like to see done, but no one has yet been able

to demonstrate how to do it. Philadelphia and Baltimoreinsist upon the maintenance of differential rates. NewYork will not, can not for any length of time, submit to

it. To our mind, as intimated above, the law of compe-tition is the only element to be taken into the considera-

tion. But Philadelphia and Baltimore, with perfect

sincerity apparently, maintain that this should be only

one of a number of factors to enter into the problem.

With, then, these large cities as the disputants, with such

great interests involved as the trunk lines represent, andafter years of contest intermitted by times of peace, it washoped that finally a way out of the labyrinth was to be

devised—some plan so wise as to commend itself to the

general public—by the three eminent gentlemen who for

several months have sat as a board to pass upon the dis-

puted question. Perhaps this was too much to expect.

At all events, that hope has not been realized, for at beat

the report must be characterized as unsatisfactory and

inconclusive.

The matter is treated with great fairness, much ability,

and judicial gravity; nevertheless the outcome of their

labors seems insignificantly small when compared to the

time, money and consideration devoted to the question.

They take up and discuss separately the three principles

which have been urged before them, namely the distance

principle, the cost principle, and the principle of compe-

tition. With much ingenuity the two former are

demolished, as not only every New Yorker but every

unprejudiced and clear-thinking person outside of the

cities interested supposed they would be. The weakness

of the distance principle is seen when we consider its appli-

cation to the case of roads serving the same city. Take

the Eri3 and the Central : under it these roads to NewYork would be compelled to charge, upon traffic from the

same interior point, not the same figure on each, but a

different figure, the road of longer distance, requiring

possibly a longer time in transit too, asking more than the

shorter road. Or perhaps the argument is even stronger

if we take the other trunk lines into the account. Both

the Pennsylvania and the Baltimore & Ohio carry to NewYork, but as between these and the Erie and the Central,

on traffic from Chicago to New York, the Pennsylvania

would get all the business to this port on the distance

principle, for it has the shortest line, and the two roads

considered as peculiarly New York roads would not be

able to serve New York at all. The report of the Cora-

mission tells us that the line of the Pennsylvania is 47

miles shorter than that of the Erie and its connections, 50

miles shorter than the Central and connections, and 114

miles shorter than the Baltimore & Ohio and connections.

Under such conditions what would become of the NewYork business of the chief champion of the distance prin

ciple were the rule which it seeks to enforce adopted ? The

Commissioners apparently did not think it necessary to

enter into any elaborate remarks as to this principle, con-

sidering its non-applicability so obvious.

In the same way, the cost principle will not stand the

test of reason. The Commissioners deplore that no pre-

cise and definite information as to the cost on the different

roads was placed before them. Of course, to determine

the exact cost of moving a particular kind of freight a

particular distance over a particular road is not easy, but

probably the companies, had they felt so disposed, could

have furnished some pretty reliable data. Their neglect

to do this is no doubt to be ascribed to a desire to

keep such knowledge from the public, since it* might be

made the basis of unfavorable action against them. But

even if the cost were known, this could not, as the Com-

missioners say with much force, be used in fixing charges,

there being so many other considerations to be taken into

account. In such charge, too, it is argued, the relative

amount of debt and capital would have to enter into the

problem, since every road is entitled to charge enough to

pay interest on its debt and a fair amount on its stock,j

But this would certainly result in diverting the busiaeaaj

Jci,T 29, 1882,] THE CHR0Nl(3LE. 117

from those strongest financially to those weakest financially;

and those which from their condition had no dividends,

and perhaps no interest, to pay, might get all the business.

Leaving out, however, all reference to stock and debt, and

supposing for the sake of argument that the New York

Central can carry cheaper, as respects the mere cost of

moving freight, than any other line, and were willing to

content itself with but a small profit, this would shut out

from New York not only the Pennsylvania and the Balti

more & Ohio, but even the Erie, leaving this port with

only one outlet. "It is not to be assumed," the Commis-

sioners say with reason, " that this is what New York

desires." The great difficulties in the way of the adop-

tion of the cost principle are alluded to in detail and

brought out with much clearness, and this part of the

report may be recognized as possessing much value.

Since, therefore, the distance principle fails, and the

cost principle is equally impracticable, there remains only

the principle of competition. But even this has its diffi-

culties. A great part of the shipments despatched to the

seaboard are destined for foreign ports, and though

usually received by the merchants at these cities, and then

by them shipped to their final destination, yet the railroad

charge must be so graded that the total charge from the

centre of production to the foreign port is no higher via

one seaboard city than via another. Thus terminal rates

for storage, ocean rate?, etc., form part of the problem.

Now with New York having an advantage in the matter

of ocean freight, as the Commissioners find it has had, a

differential rate in favor of the other seaboard cities, and

against New York, would appear justified. But as this

would make the railroad charge higher to this port than

to the other cities, and it is impossible to distinguish

between shipments for home consumption and those for

export, the difference, if large enough, would lead the dis-

tricts now supplied by New York to seek their supplies

elsewhere. On the other hand, if the railroad charge

were alike to all the ports, the Pennsylvania in carrying

from the West to New York via Philadelphia would have

to carry trafiic a full 87 miles (that being the distance

between Philadelphia and New York) for nothing or give

up doing business with New York. Neveitheless, the

principle of competition is the only true principle and the

only one that can be put into practical operation, though

it is not free from embarrassment.

It is not wonderful, therefore, that the Commissioners

have decided in favor of this principle. It is the only

principle that any one familiar with the ways of doing

business would accept as a guide. Indeed, most persons

would have thus decided off-hand without going over the

extensive ground covered by the Commissioners. Even

the Philadelphia and Baltimore people, did they fully com-

prehend that this was the only point at issue, would, we

believe, agree as to it. The difficulty is that these persons

overlook the fact that the course taken by the New Yorktrunk lines last summer was forced upon them by the

exigencies of New York's business demands. The Com-

missioners' labors will not have been altogether in vain if

their report serves to enlighten some of these. But this

is really the only possible good that can result from their

investigations. No one will deny that the Commis-

sioners have made a thorough examination into the

subject in order to inform themselves, that they appear

fully to comprehend it, and that they display no preju-

dice. Yet their work is altogether barren of any practical

outcome. After spending months and taking forty pages

of printed matter to show how exceedingly compli-

cated the question is, the conclusion arrived at is

suBuned up in the remark that "no evidence has been

offered before us that the existing differentials are unjust,'

but they significantly add " we do not assume that therates which are just to-day will be just indefinitely " in

other words, it may be necessary to change them to-mor-

row or the day after. This reminds us of the action of acolored Coroner's jury in the South. The dead body of a

freedman had been found under circumstances that seemedto excite suspicion of foul play. The Coroner impaneled

a jury and made an investigation which removed all

suspicions of an unnatural death. Knowing the charac-

ter of the jury, he cautioned them to bring in a verdict

"in strict accordance with the facts," which remark hereiterated several times by way of impressing them with

its importance. The jury returned with this unique ver-

dict :" We report dat de man am dead—at least he am

for de present." So the Advisory Commission leaves the

question of differential rates just where they found it.

Incidentally, we may remark that the Commissioners'

report is probably just what the railroads desired it

should be. They are at present at peace and unwilling to

see the slalug quo disturbed. A report in favor of the

existing condition of things, therefore, without doubt meets

with their approval. The report has in some quarters

been interpreted as against New York's interests, but this

is correct only as concerns the statement that the prevailing

differences in rates do not atpresent appear to be unjust. TheCommissioners distinctly state that these differences " con-

stitute a temporary arrangement only," and that " when-

ever they shall be found to operate unfairly," " it will be

right to modify, or perhaps abolish them." But who is to

judge whether they are operating unfairly or not ? Evi-

dently nobody but the railroads themselves. Indeed,

these must always be the arbiters of their own fortunes.

And no one is more competent to decide the question than

they. The Commissioners were selected for their inex-

perience in railroad affairs, but it is clear now that this

could only have been a drawback. At any rate, it is

obvious that on questions of railrosid policy only railroad

men—and railroad men having a personal interest in the

matter—are competent to decide. Laymen are very poor

persons to consult. Whenever, therefore, Mr. Vanderbilt

finds that the Central is again losing business by reason' of

the discrimination against New York, wo may expect that

he will again make efforts to have this discrimination

abolished. How soon this will be, is of course a matter of

doubt. Through the late war the Central has in a meas-

ure, it is believed, regained its former proportion of the

business. With a large volume of business during the

next twelve months, as by reason of the promise of abun-

dant crops now seems probable, the inevitable day may be

staved off for some time. But sooner or later self-interest

will compel Mr. Vanderbilt to renew the contest.

TJIH FINANCIAL SITUATION.Never within our experience have our people submitted

to torrid temperature with the equanimity that prevails at

the present moment. "Good for corn" seems to have

become the familiar substitute for "pleasant day," as

friend meets friend in business circles, and it is always

said and received with at least an appearance of satisfaction,

though both speaker and hearer are sweltering under the

heat. And so it is good for corn, and for wheat and for

all the crops, especially as the heated term seems now to

be followed in the more richly producing sections with

timely rains. To-day the indications point at least to the

largest yield of wheat, oats and other small grains, hay

and root crops ever recorded ; while with a fine August

and late fall, the prospects for cotton are all that

could be desired, and for that other staple—for whicb

118 THE CHRONICLE. fVoL. XXXV.

these burning days are now so patiently endured—really

promising.

These assurances naturally stimulate business enterprises

all over the country. In sections where the evidences

of prosperity are more palpable, merchants are making pre-

parations for an active fall trade, which are reflected in the

wholesale circles, so that manufacturers and importers are

feeling now the first effects, and anticipating a full and

healthy demand for goods. Of course active business

must quickly inure to the benefit of the railroads which are

to convey the grain and other produce to market and dis-

tribute among interior points the merchandise bought in

exchange for produce. Under the influence of this fact

the spirit for stock speculation seems to have become so

infectious as to be extending widely, and among many

classes, and hence the enthusiastic buying of share prop,

erties which has been characteristic of the market ever

since the beginning of the month. Undoubtedly the

railroads will have a largely increased business this year,

and with rates maintained that must result in augmented

earnings. This truth is the basis of these purchasers'

greed, and from it they draw the hasty conclusion that a

brilliant future for all properties never mind how heavily

encumbered, is assured. So they buy shares in almost any

railroad, and hold them for a profit. The speculative

craze is thus again seizing upon a very large portion of

the community.

"We have now reached the stage when " points " are

freely circulated, greedily received, and promptly acted

upon. The novices who always swallow everything afloat,

apparently forget that the majority of railroad managers

are also speculators in the stocks of the lines they control,

and that in such cases special information by which a judg-

ment can be formed of the intrinsic value of the property

is carefully concealed from the public until these man-

agers have had an opportunity to profit by it. It is really

wiser to believe the opposite of what one hears on "Wall

Street than to accept it all as if these managers had taken

the Street into their confidence. Still there is no use in

giving advice to one who who has taken the fever. It

must run its course. There are properties dealt in on "Wall

Street which have real merit and it is not diSicult for those

who are so disposed to find them. If people who buy

stocks were as careful and discriminating as they are

when investing in real estate or even a horse, there

would be less damage to the business interests of

the country by these fitful movements. The banks

can, and do to a certain extent, act as a check by

refusing to loan upon fancy collateral except under certain

conditions. Some brokers also aid in discouraging opera-

tions in worthless properties by requiring their customers

to buy them outright instead of purchasing upon margins.

But neither banks nor brokers can absolutely remedy the

evil, and even the victims of misplaced confidence soon

_ forget the lesson they have been taught by the sudden

disclosure of the worthless character of the certificates

with which they have been saddled.

The market was until Tuesday afternoon similar in

many respects to that of last week. Each morn-

ing prices opened higher than those at the close of the

previous day by reason of the accumulation of orders,

chiefly from the interior, which came by mail and wire,

and in the scramble to execute, these stocks were forced

upwards. The natural reaction lasted but a short time,

and then the market again turned upward, and continued

more or less strong during the day. On Monday the

transactions were enormous and generally at advancing

prices. On Tuesday the speculation halted, on the an-

-nouncement that $1,500,000 gold had been engaged for

shipment by "Wednesday's steamer on account of the

Italian loan, and on that day a spasmodic advance in the

rate for money to 5 per cent caused some conservative

operators to inquire if the pace of the market was not a

little too rapid. The discovery was then made that there

had been very heavy realizations during the advance, andit was naturally inferred that the inside operators hadmanaged to distribute a large portion of their holdings

presumedly among outside speculators. Operators for a

decline took advantage of this condition of the marketand pressed certain specialties downward on "Wednesday,

renewing their attack on Thursday, but the decline ap-

peared to bring in liberal orders to buy, and in the after-

noon of that day the market was turned upward again, the

Southwesterns and Granger roads leading by reason of the

prospect for an immense grain trafBc, and the "Vanderbilt

stocks closely following. Yesterday another attempt to

force values down was made, but, as before, it met with

only partial success.

It appears that the question of percentages of east-

bound business of the roads in the trunk-line pool has

been referred to Mr. Charles Francis Adams as arbi-

trator, Mr. Fink having been unable to make an arrange-

ment satisfactory to all the lines. It is presumed that

the roads have agreed to abide by the decision of the

arbitrator, otherwise it would be useless so to refer the

matter. The decree may be deferred for some time, but

it is probable that the decision will be made before the

fall business commences.

"With the exception above noted, money has been

in good supply during the week, although there are

unmistakable indications of a speedy hardening of the

rates. Time loans are now in request, and the transac-

tions thus far reported are at 6 per cent for six months on

stock collateral. The banks are doing comparatively lit-

tle in commercial paper, and are evidently preparing for

an active demand for money within the next sixty days.

The grain movement in the Southwest has been heavy,

and for the past ten days St. Louis reports a gain of over

1,000,000 bushels compared with the same time last year,

and the increase at that point and at Chicago is reported

at 2,409,078 bushels. The domestic exchanges at these

cities have fallen during the' week to 59 cents per

$1,000 discount and on Thursday and Friday the

rate at St. Louis was $1 discount. This shows that the

drain upon this centre for money with which to movethe crops is about to commence, and it is at least two

weeks earlier than it began last year. Customs receipts

at this port have been heavy, as will be seen by the table

below, and they are likely to continue large. On Tuesday

next $3,5 13, 159 will be due from the Treasury for interest

on the extended 5 per cents, and on that day a call for

$15,000,000 bonds will mature; but it is scarcely reason-

able to look for the prompt surrender of much more

than half of this amount, so that the Treasury disburse-

ments on account of interest and bonds may not be more

than $10,000,000 during the first week. "Whether or not

this will be enough to meet the demand upon this centre

remains to be seen. The Treasury operations for the week,

exclusive of the receipt of $1,507,22.8 54 from the Assay

Office, have resulted in a gain, which is a loss to the

banks, of $2,518,837 72. The following will show the

interior movement.

Seceipis al and ShipmenUfrom N. T. Received. Shipped.

$1,758,00019,000

f823,000Gold

Total $1,777,000 $823,000

The Bank of America received no gold on account of

the associated banks this week, and paid out $1,350,000,

July 29, 1868.] THE CHRONICLE. 119

of which $500,000 was to buy bars for shipment to

Europe.

Considering the fact of the shipment of $1,500,000 gold

to Europe, the bank return of this week will be indicated

by the following.

Tnio Bankt. Out ofBanks Net Loss.

Bub-Treasury operations, net... *1,777,000

$2,518,838

823,0001,507,228

$2,518,838•951,000

Gold exported tlili week 1,507,228

Total SI ,777,000 $4,849,066 $3,072,060

* Gain.

The foreign exchange market has been quiet but firm

during the week. The demand is steady for sight bills

and cibies, doubtle ss because of remittances for stocks

sold here for Euro pcau account. The supply of commer-

cial bills is small and the exports of produce noticed last

week have been slightly checked by an advance in ocean

freights caused by the withdrawal from the lines of

steamers required by the English government for the

transport ai troops to Egypt. The collapse in the wheat

speculation at Chicago and reports that the attempt to

make an August corner in cotton has been abandoned,

lead bankers to expect a more liberal supply of bills in

the near future. Speculators have found it profitable to

trade in securities between this market and that of Lon-

don, and the following will show the margin of profit for

these transactions at the opening prices of each day.

July 2i. Julv 39. Julv 20- Jtdv 27. Julv 88.

Lond'n If.Y. Lond'n N.T. Lond'n jv.r. Lond'n N.T. Lond'n N.Y.

prices.* priCM. prices.* pricu. prices.* prices. prices.* prices. prices.*

Timprices.

D.S.to.o. laoee izm 120- IT 1205«i 120-66 120W 120-66 laoji 120«

U.S.SJis 10104 101« 10104 lOiH 1C055 101« 101-28 1015i 101-04 101«

Brie 40-71 41 41-20 41^ 41-44 41 40-95 *0H 41-20 41HMoon. 9810 97X 98-10 98 9810 98W 98-10 91i4 07-60 98V4

m.Cent. 13881 lS8i^ 18905 lS8i4 137-83 138 187-83 13754 138-81 138«

N. r. C. 188-37 13S*( 138-11 IMW 136-36 185« 136-11 185H 136-60 138MBeadia? 3l-26t 63« 31-63t «3« 30-77t 61)4 30-WOt om 3139t 88M

Xxob'ge,cables. 4-B0« 4-90K 4-90« 4-90K 4-90«

* Expressed m their New York equlraleot.

f ReadiHK on basis of tSO, par value.

The Bank of England return for the week shows a

decrease of £321,000 bullion and there was a further loss

on balance on Thursday of £26,000. The proportion of

reserve to liabilities is down | per cent compared with

last week. The Bank of France reports a gain of 8,009,-

000 francs gold and of 1,661,000 francs silver, and the

Bank of Germany since last report has increased

3,740,000 marks. The following exhibits the amount of

bullion in each of the principal European banks this week

and at the corresponding date last year.

Banket EnglandBankot FranceBanket Germany

Total this -week

Total previous week

July 27, 1882.

Oold.

23,314,041

39,187.0767,031,250

Silver.

46,299,175

21,162,750

09,585,967 07,461,925 58,832,503 71,266,640

69.539.700 07,255,698 58.680.438 71.202,052

July 28. 1881.

aold.

£26,2o6,5i0

25,337,753

7,218,500

Silver.

19,611,149

21,655,500

UP* The above gold and silver division of the stock of cu(nof the Bankor Uermany is merely pojiular estimate, as the Bank itself gives noInformation on thut point.

The Assay Office paid out $133,179 through the Sub-

Treasury during the week, and the Assistant Treasurer

received the following from the Custom House.

Duties.

Consisting of—DaU.

aold.r. S. SUver Silver

Notes. Dollars. Certificates.

July 21.... $510,312 07 $376,000 $30,000 $ $134,000" 22.... 050,022 89 465,000 35,000 1,000 150.000" 21.... 588,523 96 382,000 23.000 183,000" 25.... 778,406 89 525,000 61,000 192,000" 26 ... 362,380 00 240,000 33.000 1.000 80,000" 27.... 466,848 91 295,000 33,000 140,000

Total... $3,386,491 22 $2,283,000 «21.>,000 $2,000 $888,000

MB. GLADSTONE AND THE WAR IN EQYPT.At last the British are in Egypt. What has for genera-

tions been expectation, prediction, promise, is now more or

less a fact. If the ripe fruit haa not actually fallen into

the lap of England, it has been dangling so temptingly,

so tantalizingly, that the government, impatient of

longer delay, have resolved to pluck it and make it their

own.

All the indications of the moment point in one direc-

tion. England has taken action, and she has taken action

alone. Alone she bombarded Alexandria. Alone she is

seeking to restore order in the battered and temporarily

ruined city. Unaided she has spread the banner of her

protection over Port Said, and unaided she proposes to

break the power of the rebel chief, and to restore at least

the nominal sovereignty into the bands of the Khedive.

It is suggestive that Germany, Austria and Italy stand

aloof, and although politely asked, refuse to interfere.

Scarcely less suggestive is the action of France, for it is

now certain that French intervention will be limited to

taking a part in the protection of the Suez Canal, thus

leaving England to subdue the rebel forces and to restore

peace and the reign of law on the land. At the last

moment the Sultan seems to have discovered a willingness

to send troops to Egypt ; but he has been so dilatory in

this matter hitherto, and his motives are so open to sus-

picion, that it is doubtful whether the Conference will

entertain his proposal. Of course the Sultan will only be

allowed to interfere as the mandatory of the Powers ;and

England has gone so far that if she consents to accept his

help at all she will permit him only to act in a second-rate

or subordinate capacity. Except in name he has already

ceased to be the suzerain of Egypt. Among the indica-

tions which point in the direction of the final issue must

be included the extensive preparations which the British

Government is making for the conquest and occupation of

the ancient land of the Pharoahs, and the unmistakable

tone of public sentiment which prevails throughout the

three kingdoms.

"We are hardly permitted to doubt, indeed, that the

issue of the present complication will be the establishment

of British supremacy in Egypt. Some fighting may be

necessary, and it may be beyond the power of the British

troops to prevent the repetition of gross barbarities; but

it is not conceivable that Arabi Pasha, even if Egypt

should stand loyally behind him, could withstand the

power of England, especially in the form and manner in

which she intends to use it. He may bum Cairo and do

other infinite damage in the interior of the country; but

this will be in his power only for a few days more. In a

brief period such will be the concentration of British

strength in Egypt that Arabi can have little chance but to

surrender or flee. The truth is he is already in a very

sorry position. He is shut ofE from the seaboard at all

points. He is opposed by the Khedive and by a large

proportion of his own people. With the single exception

of the Porte, all the governmente of Europe are opposed

to him. Opposed to him also is the public sense of the

civilized world. It is possible that the struggle may be

protracted; but it is barely possible; and we are disposed

to regard it as much more likely that Arabi, considering

the hopelessness of the cause, will on an early day aban-

don the contest. Desertions are already becoming num-

erous, and desertions may prove much more effectual in

destroying his army than the sword of the enemy. When

the end has been reached it will be seen how foolish

would have been an allied intervention of all the Powers

in Egypt.

120 THE CHRONICLK [Vol. XXXV.

Whether it was ever seriously intended that there should

be a joint occupation of Egypt by the Powers ? Of course

the question is variously answered. We have no doubt

at all that the negotiations carried on by the British Gov-

ernment with those of the other great States were con-

ducted in perfect gaod faith and with the most honest in-

tentions. But it is a noteworthy circumstance that while

all the Powers and peoples of Europe, and all the Powers and

peoples of the civilized world, were agreed that it was Eng-

land's business, and England's business solely, to intervene

in the affairs of Egypt, England's Prime Minister alone

seemed to be in doubt regarding his duty and regarding

the sentiment of the nations. His doubt led to painful at d

harmful delay. Through it he came narrowly near losing

the opportunity for which England had long been waiting

and praying, and the loss of which would have been inju-

rious to its commercial interests; and subsequently the

same policy found him unable when he ordered the bom-

bardment of Alexandria to follow it up by the occupa-

tion of the city with troops, and as a consequence thou-

sands of unarmed Europeans were exposed in Alexandria

and elsewhere throughout the country to the vengeance

and brutality of the troops and of the infuriated Arab

multitude. In his recent explanation Mr. Gladstone has

hardly been successful in vindicating himself from the

charge regarding the bombardment; nor has he fully ex-

plained his policy of delay.

The saying, however, is an old one, that all's well that

ends well, and the prospect is certainly favorable now.

Furthermore, it is only fair to say of Mr. Gladstone that he

cannot as yet give us all his reasons for the course he has

taken. There is one reason he can never give, a reason which

may have had more shaping power over his policy than all

others put together—the consideration which was de-

manded for her Majesty's forty millions of Mussulman

subjects in India. As Mr. Gladstone has managed the

case they have no ground of offense ; and in view of all

the possibilities, this is a something which is not to be

•despised. To strengthen England's hold on Egypt, with-

out trampling on the rights of the Sultan or giving any

just cause of offense to Moslems anywhere, this in it-

self would be a victory. We cannot yet see the end. It

is very possible that when we do see it, Mr. Gladstone's

management will appear satisfactory throughout.

ILLINOIS RAILROAD COMMISSION REVISINGITS SCHEDULE.

There would seem to be a strong probability now that the

Railroad Commissioners of Illinois will conclude to recon-

sider their action of a few months ago, in making a second

revision and reduction of tariff rates on the railroads,

after having made a first reduction of 30 per cent as

recently as last December. We do not know that they

have as yet taken any definite or final action in the mat-

ter, but the fact that they appear more disposed than a short

time ago to listen to the arguments of the railroads, andare actually reported to have been in conference with

some of their managers, gives encouragement to the idea

that they are becoming convinced that all is not right andthat some modification of the tariff is necessary.

Various causes seem to be combining to induce the Com-missioners to rescind the last tariff promulgated. First, there

is a quite general belief even in Illinois that the new rates

are unjust and that the railroads would be seriously

crippled should they be enforced. Then the Commis-sioners' action was not only an arbitrary piece of busine«s

AS respects the railroads, but was equally arbitrary andmuch more unsatisfactory to certain classes of shippers,

^presenting not conflicting or opposing interests, but dif-

ferent branches of trade, some of which were favored

more than others. The Commissioners undertook to do

too much. For instance, after having revised the schedule

last December on the entire list—some 1,400 articles

—

they thought it incumbent in April to revise it again on

about 400 articles, and to make, not some uniform

change, but a change involving the widest possi-

ble discretion and ranging from one cent per 100 lbs.

carried 125 miles to one hundred cents. Bacon was

reduced 10 cents, butter 45^ cents, coffee and flour 13^

cents, green fruits H^ cents, vegetables 30-4 cents, lard 6-9

cents, rice 8-2 cents, oil cake^ 1-1 cent, dressed poultry 17^

cents, dry goods 22| cents, and so we might go through

the list. Thus the Commissioners, without any knowledge

whatever in the matter, assumed to determine what the

charge on a particular article should be, even to the •

fraction of a cent. It is not in the nature of things that

the merchant who was favored with a reduction of two

cents should feel content, knowing that some neighbor of

his, dealing in a different article, has been favored with a

reduction of 10 cents or more.

Threats to make party capital of the matter would also

seem to be at work to influence the Commissioners to

revoke the latest schedule. Not only the railroads but the

shippers who feel aggrieved are said to be greatly

incensed, and it is claimed that the political

party that dares to support the Commissioners' action is

sure to suffer defeat in the ensuing campaign. We are

not disposed, however, to lay much stress upon such a

claim. While without doubt there is much dissatisfaction

even among those for whose benefit the Commission is

supposed to have made the reductions, it is yet certain

that what is called the " farmer " and " granger " senti-

ment is very strong within the State of Illinois, and that

instead of its being an element of weakness, support of

the reduced rates—as such—would rather be an element of

strength. The disgruntled countryman who imagined

that he had been unfaii-ly treated would be careful not to

let his particular grievance be used as a means of over-

throwing all idea of State regulation of rates, and in the

excitement aroused by the possibility of such an occurrence

no doubt all the farmers and grangers would rally in

support of the continued existence of the Board.

By far the most powerful influence against the April

schedule, in our estimation, is the undiminished resist-

ance of the railroads. Most railroads have never adopted

this April schedule. The December schedule was un-

satisfactory, but not wishing to antagonize the Commis-

sioners, without first giving their policy a fair trial, it

was accepted under protest, and the railroads at once

proceeded to publish rates in accordance therewith. Thus

the Commissioners had clear sailing and the rates

went into immediate effect. With the railroads holding

out against the April schedule, the outlook before the

Commissioners now is not so encouraging. They might

have recourse to the law, but it would certamly take time

to determine the issue, and, besides, as they themselves said

in one of their recent reports, it is " very difficult, if not

" impossible, to enforce legal proceedings against a rail-

" road company unless they are based upon charges made

" by the parties directly interested;" and the ship-

per (the party interested), always unwilling to enter

into litigation, is doubly averse to it if it bids

fair to extend over a long period of time. Further,

if it were sought to enforce the new rates, the

railroads could under the statute go into court, and

before a jury, ' and demonstrate that the schedule

was too low, which if they did would completely upset the

Commissioners' action. Meanwhile, however, the ship-

July S9, 1883. |THE CHRONICLE. 121

Tho question which many are asking themselves is

pers labor under a great disadvantage. A new schedule

of rates has been published and yet its supposed benefits

are not open to them. Possibly some shippers, under

threats of suits, etc., extort more favorable terms from the

railroads than others, which only adds to the existing

dissatisfaction. Thus even the shippers are interested in

an early recall of the April schedule, and as many of them

are besides convinced of its injustice to the railroads it is

not wonderful that they are in a quiet way seeking to

make their influence felt. "We trust that the Commis-

sioners will soon succumb to the pressure being brought

to bear, and leave the railroads free to work out the best

results for producer and capitalist alike without hindrance

from foreign forces.

But whether the Commissioners rescind their action or

not, the harm that all such attempts to hamper railroads

work, is clear and indisputable. If it were not a palpable

fact that the railroads are constantly reducing rates, under

the pressure of competition and as fast as improved meth-

ods of doing the service permitted, there might be some

excuse for attempts to regulate rates by law, and in exten-

uation of any mistakes made by a government ofScer dur-

ing such regulation it might be urged that the railroads

had only themselves to blame, in having waited for the

government to do what it was incumbent that they should

do themselves. Quite the reverse being true, government

supervision of this kind is useless, and generally positively

harmful. In any event, it is absurd to attempt regulation

of rates in any but a very general way. All the details

must of necessity be left to the railroads and their offi-

cers. They alone are competent to determine what each

particular kind of traffic shall pay, and that must in

great measure be dependent upon the cost of moving

it. What qualifications do the Illinois Coiamissioners, or

indeed any outsider, possess, to thus fix the charge upon

each one of 1,400 different articles moved on the railroads

in that State. No one can even begin to undertake such

a task unless he has had years of experience, and pos-

sesses a thorough understanding of the subject in every

detail. If the public would only recognize this one fact,

a great deal of the evil with which we are threatened

from misdirected endeavors, would be avoided at the

outset. There are certain things which only railroad

men can settle or fix. The classification of rates is one,

as we here see, and the differential rate question is

another, as is abundantly proved by the Advisory Com-mission's report, which practically says that the trunk lines

must be the sole judges as to whether differences in the

rates to the different seaboard cities shall or shall not exist.

Iptottctaicg g(S'OmmtvciKlgwalislt^cwsBATKS OF BXCHANaB AT LONDON AND ON LONDON

AT LATEST DATES.

MZOHANOB AT LONDON-July 15

On-

Amsterda'.n .

Ameterc'aui

.

Hamburg . .

.

BerlinFrankfort...ViennaAntwerpSt.Petersb'g.Paris...Paris0«noaMadridCadizLislmnAlexandria .

New York...Boml)ay .. ..

Calcutta .. ..

BangKoug..Siuinglial....

Time.

Short.3 mo8.

Ciieoks3 mos.

60 d'}-8

Rait.

12-1% 312-2^12 iie S12-4'820-66 ^207020-06 ®20-7020-66 •320-7012-l83j®12-21>425-45 'a.;5-50

233ea23'iB2.?-15 a25-2()2o-ll 144^25-16^26-12iii»2U-17>s

46*8<«46'446'4<Ji4U:%

5in,„aoii3i6

18. TiOisrt.Ifi. 7i5i«d.

July 15

EXOHANQE ON LONDON.Latest _.Date. ^»"«-

July 15July 15July 15July 15July 15July 15July 15

July l.^i

July 15July 15July 15July 15

Short,

siiort.

Short.4 lUOi^.

Rate,

20-45£0-4520-4512-07 Is25-2323''8

25-16>a

47-2847-28

4-85

is. Sigd3s. i»>4(l.

58. 214(1.

[From oar own oorrespondent. |

LoHiwN, Saturday, July lH, 1882.

The serious news from Egypt and the bombardment of

Alexandria have greatly inflaenced businesH, both in a commer-cial and financial sense. There has not, indeed, been maehchange in the position of the money market, bat the rates of

discoont show a trifling improvement, the quotation for three

months' bank bills being 2@2^ per cent. The market has, how-ever, been greatly wanting in animation. It had been anticipated

that with the return of the autumn trade, bills would becomemore plentiful, and that a larger degree ofactivity would mani-

fest itself in money. The troubles in Egypt—a termination to

which it is very difBcult to foresee—has greatly disorganized

our Eastern trade, and has also materially affected other

branches of our commerce. The Suez Canalis still open, andmerchants hope that the Government will soon be enabled to

state that it may be traversed with safety; but there are risks

at present, and several lines of steamshipH hare given ordei»

for their vessels to proceed to the East via the Cape of OoodHope. Now that we are approaching the period when the newcrops become available for exportation, the extension of the

passage is of importance to our commercial interests, and for

that reason news from Egypt is awaited with great anxiety. It

is very evident that Oriental diplomacy requires to be dealt

with with a firm, if not unsparing, hand, and it is to be hoped

that the rising in Egypt will be as snccesHfully dealt with

as was the rebellion in India in 1857. The mercantile classes

are trusting that the Government, having now gained a position

of great importance, will place the future of Egypt in such a

position that another return of anarchy will be nert to an

impossibility.

There has been a " settlement " on the Stock Exchange this

week, and, as might have been expected, much excitement and

depression prevailed. With the exception of American andCanadian, securities have been offered freely, without finding

buyers, and consequently prices have declined considerably

Turkish and Egyptian stocks have experienced a heavy fall,

and the latter are proving a serious loss to those who bought at

high prices, believing that the investment was a sound one.

The following is a comparison of the prices of Egyptian

securities to-day with the highest quotations current last year:

July 15. Jllghett1SH2. 1881.

Egyptiau Daria Sanieh 4»>a 79%Kgyptian 6 per cent uiilfind 50H 81Egyptian 5 per ceut preference 76 100>4Turkish, 1865, 5 per cent bonds 10\ 17%Turkish 6 per cent bonds l-IH 20HTurkish, 1869, 6 per cent bonds 12 19'»'lurkish, 1871, G per cent Egyptian Tilbute 57'a S0%Egyptian, 1873 H 1»»S

The Egyptian nnified debt was dealt in yesterday as low

as 47?6.

Money during the week has been in quiet demand, but the

rates of discount have been steady and are quoted as follows:

Per cent.

Bank rate 3Open-market rates—30 and 60 days' bills 2»2>«Smonths' bills 2®2>8

Oi)en market rates— Per cent.4 montlis' bank bills 2 a2>t6 mouths' bank bills 2 -32%4 dc 6 months' trade bills. 3 9 3 >«

The following are the rates of interest allowed by the joint-

stock banks and discount houses for deposits:

Per cent.a1%2 •

Joint-stock banks -

Discount houses at call - -

Do with 7 and 14 days' uotioe

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. No. 40 mule twist, fair 2d quality,

and the Bankers' Clearing House return, compared with the

three previous years :

CirculationPublic depositsOther depositsGovcrnui't securities.Other securitiesRes've of notes & coinCoin and bullion inboth departments..

Proportion of reserveto liabilities

Bank rateConsolsf-:iiir. wlieat, av, priceMid. Upland cottiiu..

No. 40 mule twist

1882.«

26,971,5904,132.347

27,433,81314,64!1,47122,607,22812,455,951

1881.M

27,260.3704,75-;,3-29

28,716,','0416,27 1.say20.195.-i2915,113,373

1880.a

27,158,9955.049,671

26,9i)8.51715. "145,92117,970,74716,561,976

1879.X

29,328.1404,049,54»

33.511.23816,719,64217.Ml6.3U21,137,927

23,677,541 26,653,743 29,020,971 36,46C,067

39013p. c.

,!)9%46s. 9(1.

7d.10%d.

44 Tg

21a r- c-

lei's46s. 8d.69,6d.10 •i^^:

2>3 p. o.

98 >«

438. 9d.b'Vl.imd.

S p. C.97''8

43s. 4d.6%d.9'4d.

fieariua House rct,'"n.'l06.505.OOO 101.763,000 124,760.000 104,999,000

The following are the current rates for discount at the prin-

cipal foreign centres:

122 THE CHRONIC ^LE. [Vol. XXXV,

Madrid

Bankrate.

jn-.et.

.. 4

.. 6

.. 4Js

.. 84

.. 5

Opeiimarket.J'r. cl

43413St. Pet«rabnr«

.

644®3

Coponhagoa . .

.

Bombay4

Bank Openrate, market.

Pr. et. Pr. ct.

Parli 31* 319

Brussels 3'^ sji

Amsterdam 3ia SHBerlin 4 SJaHamburg gjii

Frankfort SJaVienna 4 3i>8

Owing to the Egyptian war the orders for silver on Indian

account hav* been stopped and the price has, in consequence,

declined ; the fall during the week has been Md. per ounce.

Mexican dollars are also cheaper. Business in exchange has

been at an almost complete standstill. At the weekly sale

of India Council bills on Wednesday, out of £200,000 only

£12,000 on Calcutta were sold at the official minimum of Is. 8d.

the rupee. The following prices of bullion are from Messrs.

Piiley & Abell's circular:

GOLD. 8. d. 8, d.

Bar gold, fine per oz. standard ®Bar KoUl, contaiuliift 20 dwts. sUvor, per oz. standard. ...... ®Spanish doubloons peroz. .3 10 @South American doubloons poroz. 73 SJa® ^- vVulted States gold coin peroz. 70 3h^ <6 3%German gold coin peroz. ®

d.

5158

d.

55%

BILVEB.

Bar silver.flne peroz. stjindaxd.

Bar eilver.contaln'g 5 grs-gold per oz. standard.

Cake silver peroz.Mexican dollars peroz ® ....

OUlllan dollars peroz ® —Quicksilver. £5 IBs. 9d. Discount, 3 per cent.

The Midland Railway of Canada invite applications to

£610,800 sterling consolidated mortgage bonds at the price of

£95 per £100 bond. The present issue forms part of a

consolidated mortgage security specially authorized by the

above act for the purpose of (1) taking up and redeeming

outstanding bonds of the above companies amounting alto-

gether to £1,521,300 ; (2) making provision, at the rate of

£5,137 (.?25,000) per mile, for the construction and equipmen

of the Toronto & Ottawa Railway ; (3) providing £60,000 fo

improvements now in progress on the Grand Junction section;

and (4) £351,000 to be issued as required for enlargements and

extensions of the consolidated company's works, if and whenauthorized by a general meeting of the shareholders.

The prospectus of an important undertaking has just been

issued, viz., that of the National African Company, limited

vfith a capital of £1,000,000. The board of directors is iniluen-

tial, and it is proposed to open up trade with the territory

adjoining the River Niger and its important tributary, the

Bincie, or Chadda. It is also intended to trade with the coun-

tries of the Central Soudan, with which commercial relations

have hitherto been almost entirely neglected.

The directors of the City Bank (limited) have just issued

their half-yearly report and balance-sheet to the 30th ult.,

showing a gross profit of £113,161, inclusive of £5,384 brought

forward. Provision having been made for current expenses

and rebate, they have declared a dividend at the rate of 10

per cent per annum, added £25,000 to the reserve fund, whichis thereby raised to £355,000, and carried £8,320 to the current

half-year. A comparison of the balance-sheet with that pre-

sented to the shareholders six months ago shows an increase of£260,000 in the paid-up capital, to £800,000. The deposit andcurrent accounts stand at almost the same figure,, but the

acceptances are £290,000 higher. On the assets side, cash in

hand has increased by £26,000 and at the Bank of England by£52,000. The amount lent out at " call" is £423,000, against

£315,000 shown in the preceding statement. The items of

investments and bills discounted show no change worth noticing,

but advances are £147,000 lower at £2,303,306.

Tenders for £1,650,000 Metropolitan Board of Works 3 per centconsol.4tock were opened at the Bank of England on Tuesday.The total amount applied for was £2,534,400 at prices varyingfrom £96 (the minimum) to £99 per cent. Tenders at £97 23.

will receive about 85 per cent of the amount applied for, andabove that price in full.

The number of failures in England and Wales gazetted dur-ing the week ending Saturday, July 8, was 216. The numberin the corresponding week of last year was 203, showing anincrease of 13, being a net decrease in 1882, to date, of 570.

The number of bills of sale published in England and Wales forthe week ending July 8 was 906. The number in the corre-

sponding week of last year was 1,021, showing a decrease of

115, being a net decrease in 1882 to date of 774. The numberpublished in Ireland for the same week was 24. The number in

the corresponding week of last year was 43, showing a decreaseof 19, being a net decrease in 1882 to date of 258.

The traffic receipts of railways in the United Kingdom since

July 1 have amounted to £1,149,432 on 13,149M miles, against

£1,123,682 last year on 12,909 miles, showing an increase of

239% miles, or 1'85 per cent, and of £25,750, or 2'29 per cent.

On the three principal Scotch lines since February 1 the receipts

have been £2,832,301, against £2,750,226, being an increase

compared with last year of £82,075, or 3 per cent.

The Crown agents for the Colonies are prepared to issue

Mauritius Government 4 per cent consolidated debentures

to those holders of the 6 per cent debentures, redeemable on

November 15, who may prefer to receive the new 4 per cent

bonds instead of the repayment of the old bonds. The newissue is limited to £52,000.

The weather during the past week has been finer on the

whole, but it has occasionnlly had an unsettled appearance.

The harvest is being delayed and the hay is being gathered upwith difficulty. The cutting of cereals will not probably be

general in the south of England until the first week in August,

and even if that be the case, fine, bright weather will be neces-

sary. The rain has been of benefit in many respects, especially

to pastures and roots, and there is every prospect of an ample

supply of cattle food for winter consumption. The wheat

trade during the week has been firm, and prices have risen Is

to 2s. per quarter.

During the week ended July 8 the sales of home-grownwheat in the 150 principal markets of England and Walesamounted to 14,190 quarters, against 16,140 quarters last year

and 15,753 quarters in 1880; while it is computed that they

were in the whole kingdom 56,760 quartets, against 64,560

quarters and 63,012 quarters. Since harvest the sales in the

150 principal markets have been 1,760,937 quarters, against

1,638,075 quarters and 1,316,606 quarters, the estimate for the

whole kingdom being 7,043,750 quarters, against 6,196,300

quarters in the corresponding period of last season and 5,291,820

quarters in 1879-80. Without reckoning the supplies of produce

furnished ex-granary at the commencement of the season, it

is estimated that the following quantities of wheat and flour

have been placed on the British markets since harvest. The

visible supply of wheat in the United States is also given:

1881-82rmports of wbeat-cwt. 5 1,309,011Imports of flour 8,624.611Sales of home-grownproduce ....30,522,900

Total 90,456,523Deduct exports orwheat and flour 1.218,751

1880-Sl.49,903,12311,059,854

1379-80.50,718,1868,961,247

1878-79.42,578.2957,903,330

26,850,630 22,931,220 41,220,320

87,813,612

1,266,354

2,610,953

146,542

91,701,915

1,643,518

Result 89,207,774 86,547,258 82,464,411 90,038,427Av'ge price of English „ ,

.

. . „

,

wheatfor season (qr.) 46s. gd. 43s. 3d. 463. 5d. 40s. 8 d.

Visible stipply of wheatintheU. 8.... bush.10,000,000 16,000,000 12,400,000 11,701,397

The following return shows the extent of the imports and ex-

ports of wheat and flour into and from the United Kingdomduring the first forty-six weeks of the season, compared with

the corresponding period in the three previous seasons :

Wheat cwt. 51,309,611Barley 11,978,083Oats 9,431,023Peas 1,882,376Beans 1.722.594Indian com 20,083,103Flour 8,624,614

IMPORTS.1881-82. 1880-81.

Wheat owt.BarleyOatsPeasBeansIndian cornFlour

1881-82.1,100,909176.084660,85660,73044,087117,911147,752

49,903,12810 232.2238,972,7592,161,3522,176.202

30,592,23811,033,854?OBTS.

1880-31.1,130,290

51,180592,338101,67943,567

218,021136,064

1879-80.50,713,43611,811,83312,596,1071,361.7922,425.006

25,541,2918,961,247

1878-79.42,578,2959,494,88610,011,7671,479,9871,500.209

32.886,4527,903,330

1879-80. 1878-79.1,240,933

28,72790,75189,61167,429

539,189175,609

1,516,743105,79895,15724.33715,747

438.533126,775

The following return shows the extent of the exports of

British and Irish produce and manufactures, and of colonial

and' foreign wool, from the United Kingdom to the United

States during the month of June and during the six months

ended June 30, compared with the corresponding periods in the

previous year:

Alkali owt.Apparel and slops £Bags and sacks doz.Recrand alo bbls.Cotton piece goods. .yds.Earthenw.A porcelain.

4

Haberdashery and mil-linery - £

Hardware cfe cutlery..*Iron—Pig tons.Bar, &o tons.Railroad tons.Hoops, sheets,boiler &armor plates. . .tons.

Tin plates tons.Cast or wrought..tons.Old for remanuft.tons.

.

—

—In June. .

18S1. 1882.. In Six Months. .

1881. 1882.220.036 188,005 1,499,322 a,579,709

4.831 3,941 28,463 22,26268,924 63.606 569,658 383,124

918 1.510 11.159 14,4414,202,900 3,433, .500 38,149,100 44,259,100

60,923 C4,743 428.860 403,577

23.367 29,059 218,372 269,09440,107 35,262 225,169 239.62329,015 42,368 177,294 237,8141,091 830 6,271 12,383

31,903 21,531 159,309 123,443

2,428 2,770 11,940 13,18511,833 21.182 80,253 104,021

307 286 3,222 3.5859,861 5,739 44,643 53,559

JULT 29, 1868.] THE CHRONICLK 123

Bteol—Unwrought. tons.JuWynrn lbs..Into picco goo<l8...y(l8.Ijiiicn ploco (?oo<l8.. .yds.Miiclilncry—Steam eu-

clnoa £Otlicr kinds A

Paper—Writing or prlut-inpr cwt.

Other kln<ls, except,piipcr lianglngR.cwt.

Salt tons.Silk broaclstufrs y(i.^.

Other articles ot silkoni,v £

Mixed with other ma-terials , £

Spirits — Britislt. ..galls.Stationery—Other thanpaper £

Tin—Unwrought ...cwt.Wool—British lbs.Coionial & foreign. lbs.

Woolen fabrics yds.Worsted fabrics yds.Carpets, not beingrugs yds.

To British North

1881.15,246

363,8007,654,9003,271,700

6.00135,187

-In /«««.1882.12,453

718,6000,000,8004,119,800

7,25746,271

-7n Six Monllu.-1881.49.345

1,709,50048,486,60040,534,900

11,434220,351

1882.92,900

4,028,80042,102.60047,847,500

09.500260,051

279

12010,33215,909

2,874

13,1'2,9i

5,862650

127,9001,560,485214,500

1,017,900

551

30310.67724,442

3,509

19,3547,213

8,025755

224,3003,015,158444,400

2,418,800

2,601

1,735132,118158,298

37,500

54,03927,109

35,7263,948

3,031,0007,377.3.341,886,700

12,405,300

54,400 106,900 627,400

America the exports daring

periods were as follows:

-In June.-

4,478

5,583103,745248,247

44,940

135,78230,454

40,8334,026

2.016,50011,470.8032.888,300

16,408,500

696,700

the same

1881.Importt— n

Textile manufactnrAs and jami. 11 ,248,603Minerals and products thereof.. 8,017,451Farm pnidnco 51,349,399Oeneral food and consumption-Tea, cofTeo, cocoa, wlnos, fruit,sugar, Ac 29,114,450

Snndry manufactures -I.,oather, oils, paper, glam, Sio. 0,150,550

Cliomlcairt, drugs, auddyewarca 0,522,415Kaw materials—Cotton 26,199,760Flax 1,:16I.384Hemp 1,034,617Jute ., 2,513,389Silk , 1,598,558Wool 21,100,817

Sundries, timber, tallow, ivory,hides, &c 11,040.315

Uaonumeratod 18,855.917

1882.£

11.472.3790,25.5.187

50,486,268

Inereateor

+ 223,771+ 1,237,73«- 863,131

30,291,566 +1,177,11«

1706.387+734,523

9,856,0377,256,938

27,105,1532,142.5141,125,7132,780,5881,842,48019,001,314

13,681,76120.346,508

+ 906,387+ 781,130+01,096+ 237,199+ 243.931

—2,102,303

+2,611,446+ 1,790,581

1881. 1882.Apparel and slops.... £ 13,838 12,391Cotton piece goode.yds. 70,351 100,326Haberdashery and mil-linery £ 74,109 62,717

Hardware <fe cutlery..

£

18,105 20,958Iron-pig tons. 5,392 9,621Bar, &o tons. 4,571 2,403Railroad tons. 22,311 16,555Hoops, sheets .andboder plates... tons. 1,219 1,138

Tin plates tons. 1,472 1,065Cast or wrought. tons. 2,352 1,383

Ijnen piece goods.. yds. 447,200 472,400Seed oil galls. 63,025 77,665Bait tons. 8,561 12,899Bilk broadstuffs yds. 27,750 19,920Spirits-British...galls. 14,963 15,783Stationery, other thanpaper £

Sug.ar. rel'd& candy.cwtWoolen fabrics yd.s.

Worsted fabrics. ...yds.Carpets & druggets.yds.

In Six Monlha.-1881.66,908

502,721

450,59790,35016,40215,98745,546

4,7294,8477,630

3,374,300204,56445,784

177,62974,285

1882.88.447

612,605

559,463114,1<.>9

25,43516,53634,118

5,7033.9365,309

3,094,300229,51350,950

194,53797,235

Total 108,813,636 20ft,618,515 +7,804,879

BuKllsli niarlcet Keporta—Per Cable.The daily closing quotations for securities, &c., at London,

and for breadstufifs and provLsion-s at Liverpool, are reportedby cable as follows for the week ending July 23:

London.

Silver, peroz dConsols for moneyConsols for accountFr'ch rento.s (in Paris) fr.

U. 8. 5.sext'n'd into3'a8tl. 8. 4i33 0f 1891...U.S. 48 of 1907.. ..

Erie, common stockIllinois CentralPennsylvaniaPhiladelphiaA Beading.New York Central

Sat.

6l\eoi'ia9911,8

81-351031171223841H

I4II463 >4

31'4137^8

Uon.

51%99»i8

80-97^10311712341%

1411263 '432'«

138>fl

Tut).

5115,8999,8999i8

80-90103117I22ifl

421a111%63 1332%133%

Wtd. rAur».

5118,8 5299i« 99IS,89919 99''8

80-72 81-23102 13 1021a117 1171221a 123421a 41%140% 140%0319Si's 31Hi139 14 139

Fri.

52100t,«locija81-50103117123421914263%3178139H

Liverpool.

4,097 3,400 17,704 22,19010.041 5,181 28,028 30,307

390,100 550,000 2,369,300 3,103,300715.000 1,017,000 3,713,100 4,303,00075,800 140,000 870,900 1,083,400

The following comparative table shows the increase or de-•rease in the export trade of the United Kingdom during themonth of June, and also the six months ending Jane 30,

1882. The figures relating to the first eleven countries includedin the list show the extent of the variation of our export tradewith the Continent of Europe :

Month end'ff June 30,'82.Increase. l>eorease.

£ £188,82649,4013,173

mos. end's June 30,'82.Increase. Decrease.

RussiaGermanyHollandBelgium 5,469FranceTurkey 62,859Spain, AcPortugal,&o

'

ItalyDenmark 2,692Greece, Austria, Eou-m.nnia, and Swedenand Norw.ay 27,164

United Sta^s 291,728British Ndnth America .

British Possessions 83, 107India, &o 216,303Australia

China and Hong Kong.BrazilJapanOther sniali StatesUneuuDierated

Leas decrease.

368,855

55478,515

171,701222,200

59,961

17',7818,730

88.213

41,790

43,226202,863

£481,331887,327135,502786,983

1,070,770

156,472

103,9042,195,033357.103060,393

73,S3S2,836

44.023249,994

Flour (ex. State.. 100 lb.

Wheat, No. 1, wh. "Spring, No. 2.Winter, West., n "Cal. white "

Com, mix.. West. "

Pork, West. mess. .iS bbl.Bacon, long clear, new..Beef, pr. me.S8, new.|8to.Lard, prime West. ^ cwt.Cheese, Am. choice, new

Sat. Uon. Tite». Wtd. Thur$.

t. d. $. d. I. d. 1. d. I. d.13 6 13 13 6 13 13 610 10 911 9 11

8 9 8 9 7 9 7 9 710 3 10 3 10 1 10 1 109 11 9 11 9 10 9 10 9 107 3 7 3 7 3 7 3 7 2I3

89 39 89 90 9063 63 63 63 0389 89 89 89 8083 63 62 6 62 3 6253 57 57 57 56 6

FH,

13

9 69 109 107 2ia

3O

1

6 6

2,558,4931,379,376

198,492

1,607,796323,100

230,918731,564

137,509

1,775.847462,391

462,594 11,824,8132,331,758

2,854,758

Netlnorease 1,313,253 8,970,053rr.,. IT, • », ,

ilonlh. 6 Months.Total Board of Trade returns, 1881 18,804,997 109,308,475

De do 1882 20,118,250 113,278,330

Increase In 1882 1,313,253 8,970,053Summary of the Six Monlhi' Increase in British Exports to the 30th

of June, 1882.Tlie whole of Europe jj3 047 010India, Australia, Canada and British Possessions......... .'

2.'496.'iil3UnitedStates 2 195 033The whole outer world !!!!!!!"!!!!!!!!!!!! l'o3l'397

As per Board of Trade returns ~£S.970.055

The following table shows the extent of our foreign trade forthe six months ending June 30, as compared with the corre-•ponding period of last year:

1881.Exports— £

Textile manuf.ictnres .ind yams. 59,1 14,960Minerals and products thereof.. 2^.359,339t arm produce or food 3.328,862Sundry manufactures-leather, oils, paper, books,

s.'uldlcry, stationery, Ao 5.0.17,579Cniemicals

. 2,825,933Uneuumjr.-ited 10,641,800

National Bakes,—The following national banks hare beeaorganized

:

2,757.—The Second Xation.il B.ink of Helena, JIo«. AutUnrl7.ed capital,$100,000. Erastus Douglas Edgerton, President; AlonzoEuos Buuker, Caslitcr.

2,758—The Exchange National Bank of Atchison, Kansas. Author-ized cajiit.al, $100,000. WUiiam Hetherlngton, President ; W.H. Iletlierington. Cashier.

2,759.—The Ran Claire National Bank of Eau Claire, Wis. Author-ized capital, $100,000. Orriu II. Ingr.»m, President ; WilliamR. Coflln, Cashier.

Imports and E.woets fob thb Wbbk.—The imports of last

week, compared with those of the preceding week, showan increase in both dry goods and general merchandise.

The total imports were $11,443,209, against $10,152,471 the pre-

ceding week and $7,570,274 two weeks previous. The exports

for the week ended July 25 amounted to $7,626,589, against

$6,728,132 last week and $8,025,017 two weeks previous. Thefollowing are the imports at New York for the week ending(for dry goods) July 20 and for the week ending (for generalmerchandise) July 21; aho totals since the beginning of first

week in January

:

FOBEIOX IMPORTS AT !I<W TOKK.

For Week. 1879. 1880. 1881. 1882.

Dry goodsGeu'l mer'dise..

.«1,8 14,7074,353,706

$3,053,8 496,514,628

$2,121,4005.275,630

$3,319,7018,093,508

TotalSince Jan. 1.

Dry goodsGen'l mer'dise..

$6,163,413

» 17,9 19,657121,763.103

$9,563,477

$72,020,036212.911.134

$7,397,030

$59,620,760173,874.913

$11,443,209

74,430,391208,971,947

Total 29 weeks $172,685,060 $284,931,220 $238,495,673 t283,402,338

1882.£

60,260,28733.379,1093,855,158

Inerea>:e orDecrease,

+ 1,145.327+ 5,020,160+ 526,596

5,931,749•2,7.33,037

12,118,500

+ 394.170-92,893

+ 1,476,700

To'-al 109,308,475 118,278,530

In our report of the dry goods trade will be found the importsof dry goods for one weeklater.The following is a statement of the exports (exclusive of

specie) from the port of New York to foreign ports for theweek ending July 25, and from January 1 to date

:

BXPUBTS KROK NEW TORE FOR TUB WEEK.

1879. 1880. 1831. 1882.

For the week...Prev. reported..

$6,512,830 $3,633,213172,097,351 216,152,520

$7,163,11020ii.215,712

«7.6-26,539173.303,246

Total 29 weeks M78,610,181 $224,835,733 i213,703,852 {180,934,835

The following table shows the exports and imports of specieat the port of New York for the week ending July 23, and

+8,970,035 since Jan. 1, 1382 :

124 THE CHRONICLE. [Vol. XXXV.

BXPOBT8 kXD IMPOBTS OF 8PB0UI AT MBW TOBK.

OoM.

GrratBiitolnFraDceOeniianyWest ludlcsMexicoBoutli AmericaAll other couutrlea.

.

T*tal 1882..Total 1881.Total 1880..

ailver.

Great BritainFranceGermanyWest IndiesUexicoBoiith AmericaAll other countries.

Export:

Week. IShieeJan.l.

J753,GOO $27,803,2712,526,150

83.1606,088

20.000723.818

«1 ,497,41

8

24,8677,854

931,344.587310.800

2,096,741

$222,000

Total 1882.Total 1881.Total 1880.

$222,009122,20073.227

130,000795,918

95,617,456721,00048,500

57,021

$6,473,9776.188,7252.928.088

Imports.

Week. SitieeJan.l.

972

13,902545

$15,41931,r.801,542

12,65318.0326,3614,8113,779

$45,63621.1487,184

$104,998401232

201.47192,659

217,51816,297

$633,5-'628,330,5481,909,928

$26,2791.027

128.0114820,247371,38976,46821,067

$1,444,4811,696,-2713.09S,206

Of the Above imports for the week in 1882, $1,200 were

American gold coin and $23,179 American silver coin. Of the

exports for the same time, $780,100 were American gold comand $& American silver coin.

Cable Compiiny.—In London, July 22, the prospectna was

issued of the Baropean, American, Canadian & Asiatic Cable

Company. The capital is £1,500.000. The company proposes

to work at a, nine pence per word rate. The prospectus pro-

vides for the establishment of necessary land and water com-annnai re

muDications for connecting pomts in Canada with New York »tatementoi annual re«2')8" 000- rent of

cityonthe„one side and for laying the company's cable f-m|

handJuly. Igl,^^$78^^^^^^^^^^

re^n^^of roa^ds,^

f^^^l^^^feoMeidiscount, $5,100—$1,600; dividends on Addison stock,

$9,084 ; total, $348,990 12. Disbursements—Coupons first mort-

Ncw York, it became necessary to show that the cost of transporting

freight between New York and Chicago was or ought to bo less than the

cost between Philadelphia and Clucaito, or Baltimore and Cni»ago. or at

least that it was not greater. But upon tiiis pi.int, unfortunately, the

inforniiition that was produced before na did not appear to be very pre-

cise or very accurate. The expressions of o'llnion wereiudced clear andstrong, but they wore generally supported ))y argument and inferenceratlicr than Dy evidence. • • »

" We are without reliable information by which to apply the cost prin-

ciple in the regulatiim of charges of transportation V)etwecu theAtlantic cities and the interior, and we cainot say that the application

would be to the advantage of New York. Prima facie the case seems to

be against New York, especially when the Pennsylvania Railroad,

whlcli constitutes one of Its most Important IItics, la taken Into theaccount. • - " It only remains for us to state that no evidence hasbeen oflferod before us that the existing differentials are unjust, or thatthey operate to the priyudlce of either of tlie Atlantic scnport cities.

Difi'ercutial rates have come into existence under the operation of com-petitive forces; they bear some relation to relative distance and relative

cost of service ; they reioguize, as we think, the relative advantages of

the several seaports, and they are subordinate to the great principle

which compels the carriers of property competing between the samepoints and offering e(iual fiieillties to their customers to mai»e the samerates. We therefore cannot advise their being disturbed." But we do not assume that the rates which are just to-day will be

Just indefinitely. They have become estal>lished by tbe force of cir-

cumstances, and they ought to give way If future circumstances shall besuch as to render it right and proper."

Rutland Railroad.—FoUovring is the report of the RutlandRailroad of Vermont, presented at the annual meeting :

" Thefinancial condition of the corporation, as appears bv the books

of the Treasurer, July, 1882, is as follows : Debt—Constructionaccount, $9,025,330 53 ; real estate. $115,925 87 ; Addison Rail-

road stock, $332,800; rent due and unpaid, $11,500 ; cash, $34.-

604 59; total, $9,520,160 99. Credit—Capital stock, $2,480,600 ;

capital stock, preferred, $4,000,000; mortgage equipment bonds,

outstanding. $2,700; first mortgage bonds, $1,500,000 ; five per

cent mortgage bonds, $1,500,000; scrip outstanding and in dis-

pute, $29,654 99; coupons unpaid, $7,206 ; total, $9,520,160 99.

Statement of annual receipts and payments : Receipts—Cash on

Canada to Europe on the other.

Central Pacific—At the annual election of officers of the

Central Pacific Railroad the following gentlemen were elected

directors : Leland Stanford, C. P. Huntington, Charles Crocker,

C. F. Crocker, W. V. Huntington, E. H. Miller, Jr., and E. W.Hopkins. The officers were re-elected.

Hnmeston & Shenandoah.—This road will be completed andopened for business about Sept. 1, 1882. The road runs fromHumeston, la., to Shenandoah, la., and is being built jointly

by the Burlington and Wabash railroads. It will give the

former an additional line through Iowa to Pacific Junction, andto the latter a more direct line from Chicago to Council Bluffs

than it now has.

Railroad Differential Rates.—The advisory commissionappointed in January last, consisting of Messrs. A. G. Thurman,R B. Washburne and Thomas M. Cooley, have made their

report on the subject of the existing differential rates trom the

west to seaboard[ cities. They conclude that these rates are

virtually a compromise and are established neither on the basis

of distance nor cost, and that for the present they seem to

report of be fair. The following extracts are made from theextended the committee

:

" Three distinct views of the differential rates were taken and urgedbefore us, which may be shortly stated as follows : The New York view,that the differences made in the rates in favor of Baltimore and Phila-delphia were wlioily wrong and should be abrogated; the Baltimoreview, that tlic differentials were right in principle, but if anytliing toomall : the Pliilndclphia view, that the differentials should continue, butthat thej' ought not to tliscriminatc as between Philadelphia and Balti-more. In the interior we encountered much difference In opinion, butno views distinctively peculiar. • « •

" It seemed to be taken for granted in the arguments presented to usthat the existing differentials hud not been determined on any princi

gage bonds. $101,702; coupons five per cent bonds, $77,571 50 ;

rent of Addison Railroad, $15,000; dividend August 15, 1881,

60,000; dividend February 15, 1882, $10,000; scrip, $3,020 89

;

equipment bonds, seven per cent, |1,000 ; interest on bonds andscrip, $3,113 03; salaries and miscellaneous expen.ses, .$7,075 57 ;

taxes, $5,902 54; cash on hand, $34,604 59; total, $348,990 12.

During the year past, $40,000 of the first mortgage bonds havebeen stamped down to six per cent, leaving only .$3,000 nowunstamped. Since the last annual meeting two of the board of

directors then elected, Messrs. James H. Williams of Bellows

Falls. Vt., and George W. Gill of Worcester, Mass., have been

removed by death. The vacancies thus made have been filled

by the board by the election of James H. Williams, Jr., of Bel-

lows Falls, Vt., and Henry M. Whitney of Boston, Mass. Adividend of $] per share has been declared upon the preferred

stock, payable September 1, 1882, to stockholders of record

August 15.

—The Union Mutual Life Insurance Company of Portland,

Maine, which is one of the large and prosperous corporations of

New England, have just moved into their new and elegant

offices. The Portland says : "Before the improvements

were made the building stood in the company's assets at

$50,000. Improvements will cost about $55,000 more. Therentable portion of the building will be about $4,300 per annum.Assuming the building to stand at $105,000. it will equal 4 per

cent on the investment, an amount that the law of the State

requires the company to earn on the average of its assets. Sothat on this basis the rent of the company's portion will be

only the expenses of maintaining the building. The Unionpie, hut that they were the result of a compromise between the railroad

jMutual Life Insurance Company was chartered by the Legisla-

' •—'— >--^ •'

' '—ture of the State of Maine July 17. 1848; commenced bu.sines8

October 1, 1849 ; and up to January Ist, 1882, had issued over

seventy-four thousand policies. It has paid to the widows andorphans and beneficiaries under its policies $6,876,901, and has

paid to surviving members under endowment policies andannuities $2,428,089. It has returned to its policy holders in the

of dividends $3,996,441, and for surrender and lapsed

companies, whereby they had purchased peace between themselves.Three different principles, however, wore suggested by different partiesas those which should control, and these found advocates indifferentlocalities according as, it waa thought, those localities would be favoredby their operation respectively. These three principles may bs desig-nated respectively : The distance principle, the cost principle and thecompetive pi iuciple. It Is, however, proper to say that those who advo-cate the flrat and second of these principles generally agreed that thethird should not be discarded, but that it had its legitimate place andmust have its legitimate influence also. Brief notice will be taken ofthese three principles respectively.

'• It was contended by the commercial representatives of Philadelphiaand Baltimore that freight charges on like classes of freights betweentho interior and the seaboard cities ougbt to be proportioned to distance.We understood tlicm to mean by this that the shortest line from Chicagoto each of the Atliintic cities should be taken as tho standard for meas-'%iring the freiglit charges between Chicago and that city, and that thecharges for all the cities should then be determined by the mileage. Byreferring to the accompanying note it will be seen that if the mileagetandard were adopted the freight charges between New York andChicago would bo about 10 per cent greater than those between Phila-delphia and < hicago, and aliout 13 per cent more than those betweenBaltimore and Chicago. Thoi-e between New York and Cincinnatiwould be about 28 per < eut more than between Philadelphia and Cin-cinnati and about :)8 per cent more than between Baltimore and Cincin-nati. Accordli.ir to the average rates on grata and provisions this year,tho differentials have only been about62) per cent In favor of Phihi-delpniaand loper cent in favor of Baltimore; and the distance prin-ciple would, therefore, on an average, increase them greatly. It wasurged that it was by this princlide that tho several roads, constitutinga competing line, are accustomed to upportiou their Joint charges, amitliat these ve y trunk lines adopt it in dividing the charges iipon'throughfreights with the roads fri m wliich they receive the freight or to whichthey deliver it. The New York representatives, on the oiher hand, con-tended that the distance piincipic could not with any Justice control,for the reason that distance docs not measure either the cost or thevalue of the service; so that if ailoiited as the standard of charges itwould be an ai biirary standard, and the element of equity in the rateswould be riistegardcd. • • •

"New York parties who rejected the distance principle were inclinedto favor tbe grading of rates by tlie cost of service; and if this weredone, they claimed that the differentials would disappear altogether.» * • To show that the cost principle would be to the advantage of

way -_ ....policies $5,267,284. The total payments to policy holders havebeen $18,568,716. During the past week agents have broughtin over a quarter of a million dollars of new business with

them, which added to the two millions already issued, made avery handsome half-year's work."

—The Pullman Palace Car Company has declared its 60th

quarterly dividend of 2 per cent on the capital stock,

payable Aug. 15 to shareholders of record Aug. 1 at the

Farmer's Loan & Trust Co.'s office. New York; New EnglandTrust Co.'s office, Boston, and the company's office, Chicago.

Transfer books will close Aug. 1st and reopen Aug. 16th.

—J. & W. Seligman & Co.'s Amsterdam house placed about

$1,000,000 of the consolidated bonds of the St. Louis & SanFrancisco at 97>6. This insures the completion of the road to

Port Smith at once.

—The attention of investors is called to a limited amount of

first-class 7 per cent railroad bonds now advertised in our col-

umns by the well-known house of Gargialo & Co., this city.

Auction Sales.—The following were sold at auction this

week by Messrs. Adrian H. Mnller & Son:

Shares. IBoitdii.

10 Leather Man. Nat. Bank..l6,5is $1,000 Brooklyn City A New-30 U. S. Trust Company 427 town Bailroad Company22 N. J Zinc & n-ou Co 69is first mortgage 78, due15 Real Estate Tiust Co 54 I

16,90 107»iandlnt.

Jolt 29, 1882.J THE (CHRONICLE. 125

DIVIDENDKtTba roUowlaic dirldenils have reoontly been aunonaoed

:

Ifame of Company.

** allroads.Codar Rapids & Mo. Riv. (quar.) .

.

Do I>o pref

.

Ciiin. Iiid. St. L. i Chic. (quar.)..Connecticut <% Pa^s. RiversKan. C. St. L. A Clilo. prof, (quar.)Louisiana &. Mo. River prefMar. HoUKh. & Out. prefN. Y. Prov. & Bos. (SCou.) quar...Rutland prefTerre Haute it [ndiaQapolis

Hanks.Com E.tchangsNew York National ExchangePaolflo (quar.)

Initarauce.BroadwayExchange Fire, '

Importers' & Traders'Westchester Fire

mscollanc <n«.Cal. A Ch. Canal Dock Co. pref. .

.

Iowa R. R. Land (quar.)Pullman's Palace Car (guar.).. . .

.

Percent.

WhenPayable.

$1 50 Aug..$3 50 AufT.1»331^31a42

•¥l

4

53>«2>«

73hs35

3$12

July ISAug. 1

Aug. 1Aug. 1Aug. 15Aug. 10Sept. 1Aug. 1

Aug. 1Aug. 1Aug. 1

Aug. 1Aug. 1

July 20Aug. 1

Aug. 15Aug. 1Aug. 15

Booke Oloted.(Days inclusive.)

July 16 toJuly 16 to

July 26 to Aug. 5Aug. 1 to Aug. 10Aug. 16 to

July 23 to July 31

Aug. 1 to Aug.

Aug. 2 to

NEW YORK. FIllUAY, JULY 3S, ISS'i-S P. M.

The Money Market and Financial Situation.—There wasa shipment of $1,500,000 gold this week on Italian account,but this is looked upon as among the last sliipnients thisseason. There may be, of course, some check to our exporttrade, or some stimulus to imports of foreign merchandisenot now foreseen, but according to the usual course of events,the exports now ought largely to increase and the exports ofspecie should stop. The London Economist looks forward toa renewal of specie shipments from London to this countryduring the autumn as rather probable than otherwise.The stock market remains very strong considering the

large advance which has been made in three weeks, and it

becomes a serious question for customers to consider wlietherit is not iDest for them to realize a handsome profit, where theyhave it, and go in again when and where they see a goodchance. It is not our desire in this report to give any positiveadvice, and indeed it is impossible to do so in a general way,where tlie position of different parties in stocks varies sowidely : but it is not improper to suggest that where a sureprofit of 5, 10, 15 per cent has been made, it is more frequentlysafe to realize than to hold on for the very top ofthe rise. There is no great liarm done if the marketdoes go higher, and the most unreasonable thing a stock-buyercan do when he has a snug 10 per cent stowed away, is to cryover the other 5 per cent which he might have made if he hadheld on. It is freely admitted that this suggestion may not beapplicable to aU stocks ; but take a look at the list and observethe advances which have been made in about three weeks,since the 5th day of July. The rise has unquestionably beenlarge, and there are many parties who liave a very handsomeprofit already to their credit. Such stocks as Lake Shore andMichigan Central have bounced upward just prior to the open-ing of opposition lines, and whether or not those lines can divertmuch business, the opening of tliem is likely to have someefifect. Again, in judging of the dividend capacity of a certainroad, its record sliould be taken for a series of years and notfor a single year, for it is plain that neither 1880-81 or1881-82 would give a fair sample of railroad business,the first of those years being exceptionally good and the lastin some respects exceptionally bad. There is the SouthernPacific new route very soon to be opened from El Paso to Gal-veston and New Orleans, and however liarmonious on rates,there must be competition with the Texas Pacific on throughbusiness ; the same ton of freight cannot count on both roads.The new line of the C. B. & Q. has just been opened to Den-ver, and its effect on other lines has not yet been tested.About 5,500 miles of new road have been laid in the U. S.since Jan. 1, and in the course of time, if the business does notgrow as fast as the roads, it is evident that tlie effect of com-petition will be felt.

The money market lias been easy, but the rate on stocks hassometimes been quoted up to 5 per cent, probably owing to theundesirable collaterals offered. On all Dusiness 2(ffi5 per centfor call loans has been the range, and on prime commercialpaper of two to four months 4 to 5 per cent is quoted.The Bank of England statement on Thursday showed a de-

crease of £321,000 in specie for the week, and the percentageof reserve to liabilities was 39 5-16 against 40 3-16 the previousweek ; the discount rate remains at 3 per cent. The Bank ofFrance gained 8,000,000 francs gold and 1,661,000 francs silver.The following table shows tlio changes from the previous

week and a comparison with the two preceding years:

Loanaanddls.BpeoleClrealatlon...et deposits

.

Legal tenders.

Legal reserve.BeMTve held.

Bttrplus. .

1882.July 22.

DifTerncetfr'tnprevious week.

Dae.

$330,102,70064,2.11.000IH.KiO.OOll

322.8n:j.20o;ino.21,5«J,loopec.

$80,715,800 Inc.88.8U.700Deo.

rne .$.".,.356,.%0O

Dec. 1,677,70015,41)0

1,259,400463,500

«314,8502,146.200

1881.July 2;f.

If- 80July 24.

$349.2 10.5.)OlS294,5 1 7.8 DO81,401.400119.18.'..3')0

352.6.58.80J16,752.000

$88,164,70098.243,400

69.058 90019,463 5W

291.270.00020.351.2.10

$72,817,50069,410,100

United States Bonds.—Government securitiee have fluc-tuated from day to day, according to the demand for one olatwof bonds or another, and now tho interest of holders will beconcentrated on the transactions of August. Different fromthe old metliods, tliere is now to be a sort of " trial by PostOffice" to see who can gain precedence in oljtaining 3 i)er centsfirst, in order to have tnem called in last ; here literally " thofirst shall be last and the last first."

The closing prices at the N. Y. Board have been as follows:

68, continued at 3>s..5e, continued at 3>3..4»«8, 1891 reg.ms. 1891 ooup.Is, 1907 reg.4B, 1907 coup.68, eur'cy, lSf>5..reg.6s, cur'cy, 1836.. reg.Ss.our'oy, 1397. .reg.68, our'ey, 1898.. reg.68,oiu''o.T, 1899. .ree.

Interest July JulyPeriods. 22: 247

J. A J. '102'4 •102<. .-Feb. 101^ •lOlikt .-Mar. •114% 114'8 •

C ,-Mar. •114% 1)5( .-Jan. •I20»8 120"liC .-Jan. 120i>g 120 <%.1. 4 J. •131 •130 •

J. <fc J. •132 •130 •

J. & J. •133 •130 •

J. A J. •1,S4 •130 •

J. A J. •135 •130 '

July25.

July26

July277

102 •I01%M01\lOlHl 10I>« 101%115 'Ill's '114%11478l'll4% •114%r20i>8 "120:^91 120=812008,'l2i.38 120>al.SO131132133134

'130•130•130•130•130

130131132133134

July

•101^' 101%•114%•114%1201*120%•ISO•131"132'133•134

•This Is the price bid at the rauruiug board : no sale was made.

State and Railroad Bonds.—Dealings in State bonds havebeen quite limited and the Tennessees are quoted to-day 57-58.The delay in issuing new bonds for the old has checked trans-actions in these bonds, and after the market is well suppliedwith the new issues we look for more activity.Railroad bonds have been strong and active in the whole

recent movement, and the lower classes of bonds which arecarried on speculative account like stocks have been lively.Erie seconds sold to-day at Q8^i, Wabash generals at86>4'@87J4', Louisville & Nashville generals at 95, M. K. AT. generals at 881-^, and Denver & Rio Grande consols at 102%.Philadelphia & Reading general mortgage bonds sell in Phila-delphia at 96(@963'4, s-tid considering the new money back ofthese bonds and the lien that they have on the whole Philadel-phia & Reading property, both railroad and coal lands, it is aquestion whether there are any of the prominent low-j)ricedijonds in the market which have a better outlook for ultimatesafety. The holders have taken 9 per cent interest on theselx)nds in six months, and this may account for their price teingrather stationary. It is very doubtful whether tlie terms ofthe mortgage permit the company to pay these bonds beforematurity, as Mr. Gowen proposed, and in these days holderswill scarcely be willing to give up at par a six per cent goldmortgage bond due in 1908.

Railroad and Miscellaneous Stocks.-The stock marketduring five of the hottest days on record has lieen well sus-tained. The reactions which have occurred have not amountedto much, and where particular efforts have been made to de-press one stock or another, there has been a stout, and usuallya successful, resistance. The public have been strong purchas-ers, and in the early part of the present buoyancy it was saidthat general buyers took stocks so freely tliat some of thelarger operators were out of stocks in a short time, and after-

wards became bearish in order to get in again. There may besome new combinations arising from tlie sale of the Indian- *

apolis & St. Louis Road, wliich, it is supposed, will go to theCleveland Columbus Cincinnati & Indianapolis. On Tuesday,August 1, the Galveston Houston & Henderson road is

noticed for sale, and it is supposed that Mr. Gouldwill take this and make it the main line for all his roads intoGalveston. Ontario & We.>*tern is strong on the proposed saleof bonds to its stockholders. N. Y. Chic. & St. Louis stocksand bonds have been strong, and at present prices there is avery large profit to original subscribers, who certainly havesome inducement to sell. To-day there was less business, andprices were in some ca-ses lower in consequence of the oppres-sively warm weather.

Foreign Excliange.—The market has been quiet, and thetone not usually strong, although the shipment of $1,.500,000gold took place on Wednesday. There will soon be a con-siderable amount of borrowed commercial bills to te returnedor replaced, and it is proliable tliat they will be replaced byt)ills to be drawn later. To-day the actual rates for primebankers' 60-days sterling were 4 85(34 85i^ and for demand4 88!4@4 883^, with cables 4 89@4 89i^ and prime commercialbills 4 831^4 84. The actual rates for Continental bills are asfollows: Francs, 5 193o(a5 18%: and 5 15; marks, 943^(394%and 953^(3951^; and guilders, 40i^(a40%.

Quotations for foreign exchange are as follows, the highestprices being the post«d rates of leading bankers:

JulySS

Prime hutilfors' sterling bills on London,Prime ci»uimercialDocuiunu tary oojameroialParis (fr mca)im.stordam (g liidcrsi ,

Frailly?"!! or Hi-wnoii (r«iehmftrks)....

Sixty Days.

4-^51434 864 84 34 84><4 831294 84o 193885 le's40 9 40I494>3» 95

Demand.

4 881434 894 >»7 94 8744 86'a94 875 155895 13%40143 40i«9538 9 95^

Coins.—The following are quotations in gold for various coins:

'overelgns $4 36Vattolaons 3 85S i Relchmartcs. 4 74S Guilders 3 96^UiUl'UI)<>ll!)loons.l5 55NIex. l>uubluons..l5 50?'ine silver lmr.s ..

rioe xold bars

3fl 90» 3 S'l

3 1 783 4 00*15 70915 «5

1 V3%» 1 1414I>ar9i4preui.

$8.093.900 Dec.$2,4B7.050l $10.078,7001 $16,5»2,60« ojl^^jl i "a dlmeV.- tt^t!KacT

SUver >4.s and i«s. — 99%9 par.Five francs — 93 « — 95Mexican dollars.. — 89 9 — 89%Do unoi>mmero'I. — 87 a — 38EnirllsU silver.... 4 77 a 4 84Prus. silv. thalers. — 68 » — 70U. S.lr.'vle doUars 99149 — 99^iU. S. sllTerdoUars - 99% 9 par -'

'.Ll **.. V. m 0--

126 THE (7HR0N1CLE. [Vol. XXXV.

RANGE IN FRL0B3 AT THE N. Y. STOCK; EXOHANGB FOR THE WEEK, AND SINCE JAN. 1, 1882.

BTOCEB.DAILY HIGHEST AND LOWEST PRICES.

Satnrday,July 2'2.

KAII.KHAnA.Albany A suaouehannaAtchison Topcka <& Santa Fe.

.

BoBlon X N. V. Air-Line, prBl.

Burling tun cedar Rap. 4 No..Canada simlhemCedar FallnjL MinnesotaCentra'' IowaCentral 01 New JerseyCentral I'aclllc -

Clieaapeake <& Ohiouo Istprel—Do 2d pr«(

Chicago <t AltonOhloaKO Uurllngton <)i Qnincy.Chicago Milwaukee & St. Panl

Do prel

Chicago & NorthwesternDo pref..

Chicago Rock Isl. A Pacltlo....

Chicago St. L. & New Orleans.Chicago St. PatU Minn. & Om.

Do prel

Cincinnati Sandosky A Clev...Cleveland Col. t'ln. & IndOleyeland <t PiltBtinrg gaar...Columbia A OreeuTllle.jirot...Columbus Chic. & lud. CentralDelaware Lackawanna «& WestDenver A Itlo Grand©Dubuque A bioux CityBast Tennessee Va. A Oa

Do pret.

Green Bay Win. A St. Paul...Hannibal A St. Joseph

Do prefHonstou A Teias Central -•

Illinois CentralIndiana Ulooiu'u A West., newKeokuk A Des Molues

Do prel.Lake Erie A WesternLake ahoreLong IslandLouisiana A Missouri BivijrLouisville A NashvilleLoulsviUe New Albany A ChicHanhattaii

Di latprelManhattan Beach CoMarietta A Cinolnnatl.lst pret

Do aa prel.Memphis A CharlestonMetropolitan ElevatedMichigan CentralMilwaukee L. 8h.A West., prelMiuueapulls A St. Louis

Do pre!..Missouri Kansas A TexasMissouri PaclUcMobile A OhioMorris A EasesNashville Chattanooga ASt.L.New York Central A Hudson .

New York chic. A St. Louis...Do pref.

New York ElevatedHew York Lake Erie A West.

Do jpret.

New York NewHavenA Bart.New York Ontario A Western.Norfolk A Western prefNorthern PaciUo

Do prefOhio CentralOhio A Mississippi

Do prefOhio SouthernOregon A Trans-Continental..Panama, Trust Co. certldcalesPeoria DecaturA Evausville..Philadelpliia & UeadiugPittsburg Ft. Wayne A Chic...Rensselaer A SaratogaRich.A Allegli.,st'ck irustotfs.Kichmoud Jt DanvilleRlchuioud A West PointBocUester A PittsburgBorne Watertown A Ogdensb.BU LouisAlUiu A Terre Haute

Do pref.St. Louis A San Francisco

Do pref . .,

Do latprel.Bt. Paul A Duluth

Do pretet Paul Mluneap. A ManitobaTexas A PaciUc-Texas A St. LouisToledo Deiphos A Burlington .

Union Pacltlc"Virginia MidlandWabasli St. Luuis A Pacltlc .

.

Do prefRllHtllSI.I.ANEaUS.

American District TelegraphColorado Coal A IronDelaware A Hudson Canal ...

New York A Texas LaudOregon Uiuiway A Nav. Co...Paclllo MallPnUmau Palace CarWest. V nion Tel., ex-certific's.

EXi>UE!i!9.AdamsAmericanUnited StatesWells. Fargo A Co

COAI, AND !>IININU.OODSoUdatlon CoalHomCHtako MiningLittle Pittsburg MiningMarinOHa Land A MiningMaryland CoalOntario silver MiningPennsylvania CoalQoioksilver Mining

Do prefStandard Con.Hol. MiningQameron Coal

,

Central Arizona MiningDeadwood Mining

77 77 >4

78 73OiU OS's25 >4 23 "4

821) 8592^8 0326 2737=4 38 »B

27 28139 140^1134 134 i^,

118-8ll9'4133»4 133»4134 13434

I3314 13313•79 8147 60

108i«109'458 58 '

89 92

Monday,July 24.

04 Vi 94 14

78ia 78>985 65 's26 3029't 30HiH 85 >4

93 '4 95 "4

26 ie^t38^4 4027'ii 27'3139'al39>a13413 1351191412114133=4 134=813514 1361a148I4 149=4I33I4 I3312

Tuesday,July 25.

77 77

Wednesday,July 26.

15=4 IT134 »8 138»861=4 62'8871a 9112 la 12=4201a 20=413 131a•83 9089 14 9083 ro

13818 1331445=4 4612181a ISia

89 40115=8ll6ia551a 50

71=4 741-j

63 0552=4 63 14

»90 9122=8 23

501a 521allUisllO's58 le 58-91 13 92=4

63 la 651430 SO3OI4 30%81»8 85>a9514 961a261a 27aih 391a27=4 28I4139 140134 14 135120=4 1221s134 '8 136 1«

136 I38I4151 1511331313414

94 14 04 13

77 7781 8163 64 13

Thursday,July 27.

77 77

0213 64 14

291a 291379=4 82 li

9525 'e3826

96 »8

26 14

3826

50=4 521aIO9I3III

73 7816=4 17

1381a 140631s 64491 13 Oi12»9 132OI3 20=4

•85 9088 's 891a89=4 9OI3

1371a 1381,40=4 47I8I2 181a

39=4 41=8llQiall?58 56191a 211a7414 7568 7253 5390 9123 23

5913 5913<84 8697 9953 5434 34=869»8 7OI43818 38=6

IO314 104=4•22 231.124 12462 651a135 1331a1513 15'833 18 33%

.105 10740=8 40 'e

28 14 28=455=4 65=446I4 471.

8718 88=419 19=<38=8 39

171a 18 '3

82=8 83 14

37 18 3861 '6 631a

241a 2413106 IO91459 14 CO32 33 14

33=4 3573 74

57 57 V9313 951334 3488=4 88=4131 13748 's •4978

I8I4 I8ia115=8 llOHl

36=8 37 1463=4 63 14

9913 92

75 7615=4 lO's

138 140621a 651s9II4 911a11=4 12=420 20=4

85 9088 14 8990 921a

13713 1381a45=8 4719 19=8

1391a 139=4134 135

I

119=4 1211a'134i4]33i«135=4 13814913 150I3314 133=4•79 81501a .52 14

109 13 11158 5889 91=4

80 14 82 1«9313 961a24=8 25 1438 38 la

•2513 27140 140134 13413119=4121131=4 134^8136=4 13713150 130133 13379 'a 79 'sfioia 52

110l4ll0''8

15 14 10137=8 13ili4

6278 64 1491 13 92 S,

Ilia 12=B20 20 1412=4 1385 9088 887890 13 92 '4

138 13846 4719 19

41 43 Is

116 117=s6G 661a19 2073I3 731*73 7753 14 63 1490 9123 2313

60 6084 8698=4 99=453=4 64=634=4 35 147OI4 70=438=8 40

105=6 106=823>a 23ii

12413 124=864% 63

133=8 13613=4 10'433=8 34%

103 10740=4 4114

28=8 29 14

66 66=847=4 49=888=8 89=419 'e 20%38=4 39 14

1983 14

2183

37=4 38=463 63=4

23 26=4110%114'860 6233I6 34%38 383574415893

33 's74426893

89 14 89 14

136 136=449^8 52=8

19 19116=4 11849 5037=8 33=465% 68

6% 5%68% 58%84% 84%9778 99=854% 5534% 35 14

70 71 14

39»s 40%103=4 107%23% 24I23I4I23I463% 6478

133=4 136%1578 16%33=4 34%

105 10741 41=88078 81%180 18028=8 29=465I4 66=8iS'i 60%8878 90 14

20 2138=4 39

42 45114%116i456 66 14

73% 7372 73=4•33 6490% 90%23 2314 14

90 14 92140 140

Friday.July 28.

77=4 7880 8064% 64=4

81 82=896% 97%25 14 23=8•38 39•27 28%141 141134 14 135120% 121%134 134=<1367el37=t150=8 15078133% 13378

60 52110% 11158 68=889 90%139 139

Sales ofthe Week,Shares.

15=4 1613714 1387862 =s 6491% 9411=4 12%20% 20%

-85 9088 89%90% 92137% 138%46 46%

42% 44113 78 116%66 56

73% 7570 72%.i3 54•90 9123% 23%

20% 21%84=4 86%

38% 3961% 63%

116%62%31%403.'i%

75% 73%42% 43%58 69%97 97

114603240•3d

135 130%51=4 53%27 28%19 19116% 117%51 6537 78 3967% 68=8

58 69 68% 68 -2 57 5748 43 48% 48% 49 49% 48% 50115%116=4 11676 117=4 117 118% 116% 118

Iftxoelslor Mining..New Central Coal.,Bohinsou Mining.,MverCUfr Mlninc.,«TA„„„nt MlnlnT...

47% 47 'e129% 129%89% 90%

'139 14094 95•74 76130 130

•33 35

140% 146%47=8 43

12 1260 6017=4 17=4

90% 91%

140 14094 94•74% 75130 130

84 8.96=4 98=454% 54%31% 33%70% 7139% 40%105% 106=423 23%125 12364% 61%135% 130%15=4 16%33=4 34

d06 10740% 41%81% 81%

177 17728% 29=465% 557848% 497888% 9019% 2038% 39

103 10519=4 19=484=4 87%

15=8 16%138 139%627a 64%•91 04%12 12%20% 20%12% 12%83 9089% 91%90% 91=4

137=4 138=446=4 47%

43 437,115%11766% 56 14

300390200

25,2103,810600

83,275108,131

5,6603,4271,429695

8,26761,7573,326

18,7601.0604,446

15130,83047,9441,500

18,09810

2,60012.765

139,771125.317

4,89013,0403,330500

Range Since Jan. 1, 1882.

Lowest. Highest.

130 Jan. 8 135 Mar. 2184'4Junel0 95%July]760 Jan,67 June 1044 Feb. 2315 Feb. 1827 July 1964=4 June 686 Feb. 2319% Mar. 927% Apr. 1821 Mar. U127% Mar. 11tl27 July 5104% Jan: 4118=4 Apr. 14124 Jan. 4136 Apr. 10125% Apr. 1868 Mar. 829=4 Feb. 2397 % Feb. 2444 Mar. fl

65%Jun6 7133 Jan. 761 June 29

9 =4 June 2885% Feb. 2657^ July2430 July 2137% Jan. 497 % Feb. 2097 % July 2827 July 2240 July 2428% July 25141 July 28138 Jan. 27122% July 23135% July 25138% July 25151 July 25135 Jan. 1384 Feb. 1

52% July 24111 July 2559 July 1592=4 July 24140 July 27104 Feb. 2

For FullYear 1881.

Low. High

120

5.8007,0004,72013,330

700

74% 737873 7.{

53% 53%90% 90%23 23

37=4 39=461% 62=4

«25113%61%31%

27114%6233

34•7642%6997

34 =<

43'

69=497

13451%28%18116%5637%67

13653%3118

117=4563969 1|

47=8 48%

12% 12%

36% 36%

89=4 01%

139 14094 9474 74130 130

8 857=4 57=<34% 8697=4100%64 5434 3570% 71%39% 40%105 106=422% 22%124 12563=4 64=4133% 136%1578 16%34 35

'106 10740% 4180 80

:i9% 3155%. 657848V 49%89 89=<19 19=(38=8 39104% 106%

8678 88

58 68-34% 3699% 10051% 55=,3t 3570 7140=4 41%

10578 106=423 23

64% 65%135% 136%16% 167s35% 36%

100 10740=4 41%

30=4 3156 6749% 5089=8 90%19 2039% 40%

28,89510S,3J5

1,4(101,0011

102,7054,2541,600100

1,500200

1,0007,100300

64,3824,800

11,7239,710

93,97249.6953.0591,016

15.70035,12526,81520,175

6 June 7] 217, Jan. 7116% Apr. 24140 July 2452%Mar.l4l 74=8 Jan. 2082 Apr. 158 June 1215% June 78 Feb. 13

90 Mar. 1

76 Mar. 261 Mar. 11I27=4Jan. 436 Mar. 812 June 1720 Mar. 2123% June 12

94 July 2716 Jan. 1420% Jan. 1816 Jan. 18110 Feb. 8111 -4 Jan. 992% July 25

139=4 July 19437, Jan. 1419=6 July 2549 Jan. 1945 July 26

456960163182%80%20=432 =<

23127133%101%116=4117131%1294033%9141%81127 14

8218=,1076676%1323

98 June 6, 120% Mar. 3049% Feb. 21 60 Juno 1

1478Jane2« 2t Mar. 3061 JuuelO 100=4 Jan. 3

20 2087 7e 89

163 16539 39%62 62

38% 39%61% 62 %l

133% 133%

26 26 25 25113=4 116 117% 1187861% 62% 62% OS's31 3276] 31 33

32 35•72 8043 4368% 59%96 98•31 3489 89133 13451% 34%!30 30

358043

36%8043%

116% 11755=4 56%a7=4 3967% 687;

6978 60%98 9332 3488% 83%

132 133%53=4 53

18 18116% 117%

3-i% 3963% 69%

18 18

12% 12%60 6017=4 17=436% SB's

147% 1494776 4773131% 132=489% 90%

140 14094% 9576% 75%128 132

50 5649 49

116% 117 116% 116=447 48%' 43=4 48=4149 149%[46=4 *7%! 46=4 47130% 130%' 132 1328378 3978' 89% 90%

09,9642,165170

40.8503,090

103.24587,71827,4735,510229

4,04536,490

8,74067,700

30

57 June 543 Apr. 2189=4 May 2520 July 188 May 1

4 Apr. 1

1

44=4 June 781% July 677 Apr. 1841=4 Miir. 1119 Mar. 659 Feb. 2526% Mar. 1186% Apr. 2112 June 6

135

71%909040%451121027,337,48%367,166182%129%140136147%148%8851109%68%101=414295%32',131113%882133

77 "July 2560% Fob. 11St3% Jan. 2837 Mar. 3015% Jan. 189 % Jan. 382% Jan. 1892 Feb. M100% July 2763=4 July 233514 July 1872 July 1941% July 28107% July 2535», .ran. 21

44»,9463124.38%144132

112=14418%795015 %

119=4 Mar. 13il26% June 2652%Jnne 5 S7%jan. 14

1360

139% 1.39%•1)4 9674 76123 128

140 14095 93•74 76129 131

19% 19%

12%•49 5117% 17=435% 357,

11=4 11=4•47 4917% 17%35% 357,

2.20017.87019,10077,600

3001.9001,0903,7106,300563100400

8,975183.937

3,1001,050

41.7652,136

48.62382,823

8372,500

34.220310

1,00716,7851,310

142,782

18521533

226

123% May 1

10% May 2527 May 27100 Mav 1533i4Juue 767 Mar. 8168 Feb. 1720% June 944 % Mar. 828=4 Mar. 966=4 Feb. 23ll%June 727 Feb. 2390=4 Mar. 912 June 360 Jan. 30

165 July 2825 June 951 % Mar. 1

1

130 June 27131% July 2016 May 2596 July 7

tl7 May 1522=4 June 820 Jan. 320% Mar. 855 Apr. 2033=4 June 1343 Mar. 879=4 Feb 2128 Feb. 1568 Jan. 19108% Jan. 2634% Mar. »17 May 1710% Feb. 15106% June 1043 Mat. 2223% June 104578June 9

31 Jan. 2338 Mar. 13

102=4 Mar. 13S7 Mar. 17128 Jan. 3137 Apr. 24117 June 576% Mar. 11

4025063

225

1,2601.000

3.50

4,600

1319070125

May 19Feb. 18June 8Feb. 24

136% July 25167jJuly2836% July 28109% Jan. 2743% Jan. 1485 Jan. 14180 May317a July 2858=4 Jan. 1150% July 2390% July 2825% Jan. 1442 July 18110% Mar. 2823% Jan. 1689 July 28

204 May 939=4 July 2667% Jan. 713H May 13140 Jan. 17

Jan.Feb. 7Feb. 15

36% Mar. 2240 July 2543=4 Jan. 1692 Jan. 1646 78 Jan. 23G6''2 Jan. 26106% Jan

"

39 July 1890 July 19144=4 July 1955 July 2331 July 2619 July 21

119=4 Jau. 1662% Mar. 2439 July

"

71% Jau. 14

60 Feb. 145378 Mar. 30118% July 2349% Jan. 10149% July 2748 >4 July 11145 Jan. 1893 % Mar. 28

1896

4177=484=44223621-j

34 7(

8518%11863130%

350121106146%67%30%6665%135=46338110%117%59%

69%211593123126%647,30%70%64114%39=4131102165

9839=480%164%25%6332=464%213597%186419027%501271303599%12222223983395590267083 '.J

411..

3015105%

28 Mar. 1415% J an. 17l%Juuo 8l%Jline

13 May 233 Jan. 16

240 Jan. 178%June2145% July 1314 Jan. 1127% Mar. 28%Jane 3

5 Jan. 5%Jan. 17

13% May 201 June 242 Mar. 2l%F6b. 6

149% Jan. 1097 % Feb. 2380% Jan. 26131 June 8

3678 Jan.19=4 Feb.2% Mar.2% Jan.

26 Jan.38 May

245 Jan.14% Jan.62% Jan.19=4 Apr.37% Julyl%J»n.6=4 Feb.2% Apr.20 Jan.4 Jan.2=4 Jan.1 % Feb.

130%52T,96%19043%705188%377,8012637%83

20057%74%14214680171174%6050%77%143=45581%115%42%89%113=4' '%4, 438

131=4

33%641,

313589%301343912077

12062%6.1^3113

30141%%

17%32%240125317%2514

a2%1%

6096%

74%67115%4919062%15)92

1539879142

4329%

I**3&38%25421%75%2745>47

14786%

4

• Xli«««an tbe pilcM bid and asked—no wle was made at the Board. t Sz-privUege.

Jcwr 20, 1882.] THE (3HK0N1CLK urQUOTATIONS OP STATE AND RAILROAD BONDS AND MISCELLANEOUS SEOURITIEi.

STATE BONDS.

SECURITIES. Bid. Ask. SEC0RITIE8. Bid. A*k. SECURITIES. Bid. Ask. SBCnBITIES. Bid. Aik.

Alabama—f*lanfi A ^ to ^ 1006

MlcblKan—68, 1883

N. Carollniv-68. old, J.iJ68, old, A.A O

Soath Carolina—6e, Act Mar. 23, 18691uon hiuilable, 1888.

!

Brown conBul'u 6s. 1803Tennessee—68, oId,1893.8

8s, sew, 1802-81900...68. new series. 1014

Vlrglnl»-68, oli

97», 1890 No. Carolina KU.,j.4J.Uo A.&O

•%ClaHR B Ss 1006 MlMonri-

6b, line 1882 or 1888....fla, (liio IMHIi

C'laasC. 4b, 1906Ar 10 20a 1 000

86 Do coup, off, J.AJ,Do coup. off.A.AO.

FnndlnKttot, 1866.1900Do 1868 1898

New bonds, J.itJ., '92.8Do A.40

R76767 SI"

3420

3«68, iliiB 18876», duo 188868, due 1889 or 1890....Asyliu or Univ., due '9aFOiittluK. 1894-'y6

78 L HOCX A Ft. tS. l88. 68,newrirf86 .."..:;:::....

78. Momn.A L.HockKH78 I. HP BttX.O. UR

68, new, 1867*•""••

20 Chatham RH 6s, consol. bonds6s, ox-matured coupon.68, consol., ',;d series....6s, deferred

District of Columbl»—3-66S, 1924

'.?..

•'"•*•

78!Mt88. O. A It. U. lUl.78, Aikausati Cent-ltR.

ConnecUcut—Os, 18wP4..

Haunlbal & St. Jo., '86 107 Special tax,cla88 1, '88-9Do claa«2Do claaeS

Connol. 4s, 1010"iK

''•*••

6 13 Do do '87New York-68, (told, reg., 188768, Kold, coiiD., 1887....68, loau, 1883

107"ii"

76, new, 1886 SmaUOhlo-

6», 1886Rho<le Island—

68, coupon, 1893-99

''"'*

IW*fiS 70..

68, loan, 1892 Funding 58 180968, loan, 1893

Do registered ""BAIIiROAD BONDS.

Railroad Bonds.

(Slock Exchanje Prices.)

Ala.Central—let. 68, 1918AllCK'y Cen.-l8t, 68,1922Atoh.T.&S. FO-4'2,1920Atl. & Pac.-lst, 68, 1910Balt.<&0.-lst,6s, Prk.Br.Host, llartf. & K.—l8t, 73Guaranteed

Bur. C. Rail.* No.—Ist, osMlnn.&St.I,.-l8t,78,suIowa C. A West.-l8t,78C.Rap.Ia.F.&N.—l8t,6s

Central lowa^lst, 78, '99

Char. Col. & Aug.—Ist, 78ChesA Ohio— Pur. in'y fd.

6s, gold, seriea A. 1908.68, gold, series H, 1908.Os, currency. 1918Mortgage b'8, 1911

Chicago it AUon—Ist, 7sIncome 78, 1883Slukiug fund, Os. 1903.La. & Mo. Hlv.—1st, 7s2d, 7», 1900

St. L. Jack. & Chic—IstIst, guar. (504),7s, '942d(3i30), 7r, 18982d,KUiir. (188), 7s, '98

Ml88.R.Br'ge-lat.s.f.6sC.B.A Q.-8 p. c, ist, '83.

Consol. 78, 190368, sinking fund. 1901 .

.

la. Dlv.—s. P..68,1919S.P. 4s, 1919

4s, 192248,1921 ..

C. R. I. & P.—68, cp., 191768, reg.. 1917Keo & DesM.— l8,g.,,'5s

Central oJ N. J.-lst, '90.

Ist con»*l., a88cnted,'09Conv.. 1- .fcieute^l, 1901..A^U8tr,.tut, 7a, 1903...Lefi.AW B.—Con.g'd.asAm.D'k.t Im.-58, 1921

C.U.A 8t..».—Ist.Ss, P.D.2d, 7 3-10, P. D., 1898..Ist, 7s, $ g.. R. D., 190alet, Lac. Dlv., 1893.Ist, I. A M., 1897....let, I. A D., 1899....let, C.AM., 1903 ...

Consol. 78, 19052d.78, 1 eilet,78,l AD. Ext., 1908S.W. i)lr.,lst, 63, 1909l8t,6B, L«. A Dav.,1919l8t8.Ml'in.Dlv.,6s,1910Ist, H. <!l D..78, 1910 ..

Ch.APe.0.Dlv..(i8, 1910lBtChlo.ftP.W.,58,1921Mln'l Pt. Dlv., 58, 1910C.A L.8up.Div.„58, 1921

C. A N'west.-S. td. 78, '85

Interes I bonds, 78, 1883CouBol. bonds, 78, 1915.Extens'n bonds, 78, '85

l8t,78,1885Coupon, gold. 78,1902..Beg., gold, 78, 1902Sinking fund. Us, 1929 .

Sinking fund, regSinking fund, 5s, 1929 .

Sinking fund, regIowa Midland—1st. 8s.Peninsula—Ist. conv. IdChicago A Mil.—1st, 78WlnouaA St. Pet'r-l8t2d, 7a, 1907

Mil.AMad.-lst,B8,190&C.C.C.AInd'8-lst,78 ,8J,Consol., 78, 1914

C.St.P.M.AO.—ConsoL.esC.St.P.AM.-l3t,0s,1918No. Wis.—1st, 6s, 1930.St.P.&S.C—l8t,6s,1919

Chlc.&E.Ul.—l8t,8.f.,curCol.AGreen.-lst,6s,19ie2d, 68, 1926

Del. L.A W.—7s, conv. '92Mortgage 7s, 1907Syr.Biug.AN.Y.-l8t,78Morris A Essex—lst,7s2d, 78, 1891Bonds, 78, 19007sof 1871, 1901let, consol., guar., 78.

Del. A H.—lat, 7s, 1884.

.

78,1891Ist ,eit. ,78. 1891Coup., 78, 18911st, Pa. Diy.,cp.,7e,1917Pa.DiT., reg., 7e, 1917

5G=j

iofi-j

1081058JI4

1211a

116

100

"ii'

102"

fi4H.101122

101 101=4126

125

10j3j118\Ill's112107 >a

BOij134

123=8119

120«

121108109107lie's108 '•J

•91'•J

127

n-ihi

120 ".J

loo's

123

105

Ill's98

100871301271241381161s

121121lUO115'4

118127 "s130

106 '<

112

108107

11.1

102101'*

11377-90

104's

1201s

1171'j

93^^92

111126'

1'20

1241s

114

125

ilO:'.

12334'12 lis

115118 "s131 's'

95

110106110125

100

115115110102 »8

Del. A H.-Contin'd- I

Alb. ASuaq.—let, 7s... 1132d, 78, 18^5 1'lUl8t,cons.,guar.78,1900i*125

Bens. A Sar.-Ist, coup *

Ist, reg., 1921Denv.AItlo Or.—l8t,1900let conaol., 7s, 1910....

Denv..So.I*.A Pac— 1 st,78.Det. Mac.A Marq — Isi.OsLand grant S'ss, 8. A...

E.T.Va.A a. —Ist. 78.1900Istcons., 58, 1930Dlvl8lon.il59, 19:>0...

Ellz.C.A N.-S.f.,deb.c.6sIst, Os, 1920

Ellz. Lex. A Big S.—Bs...Erie— 1st, extended, 7s...2d, extended 58, 1919 ..

3d, 7s, 18834th, extended, 58, 1920.6th, 78, 1888Ist cons., gold, 79, 1920lat cons.. Id. coup., 7s.

.

Reoig., Ist lion, U3,190SiIxing Dock b'da. 7s, '93.

Bu«.N.YAK.-l8t,1910i*N.Y.L.E.A\V.-Now2d02d, consol., fd. cp., 53...Buf.Aa.W.-M.0s,19ll8

Ev.A T.ll.—l8t. con».,6a.Fl'tAP.Marq.-M.0s,1920Oal.Har. A .S.Ant.-l8t,aB;*1052d, 7s, 1905 --

Qr'nBavW.,tS.P.—l8t.fl8 '86(Jull.Col.A y. Fe—78,1909' 108'4Uan.ASt.Jos.--8s, conv.. *107Consol. 69, If 11

H008.AT.C.—-'St, l.gr.,7s.Ist, West. DA'., 78lat, Waco* S.,^a2d consol.. m lin line, Ss2d, Waco A I ., 83, 1915Qeneial, 6»,1921

H0U8.E.A W. . ex.—l8t,78111. Cent —Sj Div.—t:p.68Middle DlT.-Reg. 53..C.St.I,.AN.O.-Ten. I..7Sl8t,cou«c:l. 78,1897..2d.l907gold, 59

Dull. A aj?..x City, lat.Dnb. AS.C, 2dDiv.,7sCed. F. /^ Minn.— Ist, 78

Ind. Bl. A W.-lst pif.,7sIst, 4-,5.63. 19092d, 4.5.SS, 1909East'n Div.—Qs, 1921

Indiauap.D.ASpr.—l8t,782d, 58, 1911

Int.A at.No.-lst.68,goldCojpon, 68, 1909

Kent'ky Ceu.—M. Cs, 1911Lake Sliore A Mich. So.—Mich.S.AN.I.-S.fd.,7«Clevo. A T(,l.—Sink. fd.New bonds, 78, 1886 -

Clevc. P. A Ash.—78 ...

Bull'. A Ei-le-New bds.Kal. A W. Plgeon-lst.Det.M.AT.-l8t,7s,1906Lake Shore—Div. bondsConsol., coup., Ist, 78Consol., reg., 1st, 78 ..

Consol., coup., 2d. 78.Consol., reg., 2d, 78. .

.

Long Isl. K.—Ist, 7s,1898lat consol. 5s, 1931

Loulsv.&N.,-Cons.78,'982d, 7s, gold. 1833Cecllian Br'ch—78, 1907N.O.AMob.-l3t,68l930E.U. A N.-l,,t, 0,3,1919Generates, 193(J

Pensac'laDiv.—Os, 19'J0St.L. Div.- Ist, 68,10212d, 3s, 1980

Nashv. A Dec—1st, 7s.S.AN. Ala—S.f..«s,1910Leban'u-Kuox—O9. 1931Loiliav. C.A L.—68,1931

L.ErioA W.— lst,68,1919Sandusky Div,, 63, 1919

Laf.Bl.A Hi.-1st, 6s, 1919Loulsv.N.Alb.AC.-lst,6sManhatB'ch Co.—7s,1909N.Y.AM.B'h-lst,78,'97

Marietta A Ciu.—1st, 78.l8t, storling

Motrop'llfuEl.—l8t,19082d, 63, 1899

Mich.Cent —Con. ,78,19021st, 88, 1883, sink's fd.Equinui't bda., 88, 18836s. 1809Coupon, 58, 1931Registered. 58, 1931Jack.I.an.ASag.—6s,'91

Mll.ANo.-lst,4 5.88,1910MlLL.S.AW.-lst,6s,1921

127137

115:><

102 '1

lOlUs

115

llllj

13099

90115106 Hj

108103

'80

120103

90

34 '4' 951sllOSia

'106 '4

'107

iofia

1001251211261'241'23

122118*97117102107

10095

'101IO2I4

99 '(

89123

*93101

i06»889's'

1071s

128120l'23i4

98 't11715

67120

103

10090126

1041s1

102

114110

Mlnn.ASt.L.—lst,78,1927Iowa Ext.—l8t,7a, 19092d, 7s, 1891S'thw.Ext.—18!.78,1910Par. Ext.— Ist, 68, 1921

Missouri Kan. ATex.-Gen. con., (Is

Cons., 7s, 1901-5-62d, income, 1911H. A Cent. Mo.—Ist. '90

Mobile A (Jhio—New, Os.Collat. Trust. Os, 1892..

Morgan's I.a.AT.—lat, 6sNash.i:hat.,tSt.L.-l8t,78 113 is

2d, Os. 19111N. Y. Central—08, 1883..«8, 1887Os. real estate, 18836a, subscription, 1883..N.Y.C. A II.—1st, coup.

Ist, reg.. 1903Hnds.R,—7a.'2d. 8.f.,'85Ca:i'daSo. —1 st.int.guarHarlem— 1st, 78, coup..

1st, 7a, rog„ 1900N.Y. EloVd-l3t,79, 1006N.Y.Pa.AO.-Pr.l'n,Gs,'95N.Y.C:.AN.-Ocn.,09,lU10N.Y.A Now Eng.-lst, 78Ist.Os, 1903

N.Y.C. ASt.L.-l3t,68,l921Nevada Cent.—1st, 6sN.Pac—G.l.gr.,lst.cp., 6s

21 ....

98

871.^

lOO'slllO's!681s 601a

1061081s

1021,109 111

111

I3II31311070314

116

94iHi

Kegistcied 6s, 1

9

N.O. Pac.-l st.es.g. 1920Norf.AW.-Ul., 6.3,1931..Ohio A Miss.—Consol. 8 f.

Consolidated 7s, 1898 .

.

2d consolidated 78, 191

1

lat, Springlleld DlvOhio Central—lst,69,19 JO

Ist, Ter'ITr, Cs. 1920.lat Mini Div , 63, 1021

OhloSo.— 1st, 6s, 1921...Oreg'uAOal.-lst,09,1921Panama—S.f. 8ub.6s,L9l0Peoria Dec.A Ev.—1st, 63Evans. Div., l8t,08,1920

Pac. Railroads.—Cent. Pac—O., 63...San Joaquin BranchCal. A Oregon—1st, «sState Aid bds. 7s, '84L.and grant bonds. 68.West. Pac—Bonds, Os

So. Pac. of Cal.— Ist, 68Union Pacilic—1st, 6aLand grants. 7a, '87-9Sinking funds, 83, '93Roglstored 8s, 1393Collateral trust, 6s.Kans.Pac—Ist, 69, '95

Ist, 6.3, 1896Den.Dlv.,88,as'd,'991st consol., 6s, 1919

C.Br.U.P.—F.c.7s.'95AtC.AP.-lat,G8,190oAt. J. Co.AW.— 1st, UsOreg.Short L.—Ist, OsUt. So.—Oen., 7s,1909Exten., l8t, 7a, 1909

Mo. Pac— 1st cons., 6s3d, 78, 1906 ;

Paclllc of Mo.—lat, Os'2d, 78, 1891

St.L.AS.F.-2d.6s,cl.A3-68, class C, 1906 ....

3.6s, class B, 1906lat, 6s, PeirceC. A O.Equipment, 78, 1895.So. Pac. of Mo.— 1st..

Tex.APac—Ist.Bs.lOOjConsol., 68, 1905Income A I'd gr., reg.1st, KloO.Div„U3, 1930

Pennsylvania Hit.—Pa.Co'8 guar. 4 Si.s. 1st c.

Registered, 1921Pitt.C.A St. L.— 1 St c.,78Istreg., 78, 1900'2d, 78, 1913

Pitts. Ft. W. A Ch.—lat2d, 78, 19123d, 7s, 1912

Clev.A Pitts.—C0U8. 8.1.

4th, sink, fd., 6s, 1892Col.C.A I.e.—Ist.cousol2d consol., 7s, 1909...lst,Tr'st Co.ctf8.,as8'd2d. Tr'st Co.ctf8.,as8'd

103-18

'94101 '»

12011894ii

83H•93

llOV•110i.i!ll'2105 1051s105 ....

107110 lis105'4 106116'4lH71141s1'22

1

RIohm. A Danv.—Cont.—Atl.A Ch.-lst, p.,7a,'97

Scioto Val.—Ist, cons., 78St. L. A Iron MU—1st, 7s26,79,1897Arkansas Br.-Ist

88>e Cairo A Fulton—let....Cairo Ark. A T.—1st....Gen. r'vA I. gr.. 58. 1931

St. I>. Alton A T. H.-lst2d, prof.. 7s. 18942d, Income, 7s, 1894...Belleville A S. lll.-lst

St.P.Mlun.AMan.—l8t,78'2d. 6s, 1909Dakota Ext.—6s. 1910.

St.P. A DuL-lst, 59,1931So. Car. Rv.—1st, 8s,19202d, (is. 1931

Tex.Cen.-l9t,8.f.,73.1909---. Tol. Del.A Bur.—.Main, 6s

108 1st, Davt. Div., 63, 191093"8 l8t. Tei'l trust.Os, 1910

Va.Mld.-M. Inc., 63, 1927131 W»b. St. f,.A P.-GenI, 6s

Chic rtlv.-5K, 1910 ...

Hav. Dlv.—Os, 1910...'rol.P.&W,-lBt.7«,l917Iowa Div,—63, 1921...Ind'polls Div.-68, 1921Detroit Div.-6s. 1921..

,Cairo Dlv.—59.1931 ...

1031% Wabash-M. 7a, 1909. .

.

loss, Tol.A W.-l3t,ext.,7s91"8 1st, St. L. Div.. 78, '89

102>4l 2d. ext., 7s. 1893i

Equip, h'nds, 73, 1883Coil.sol.,couv.,7a,l907at. West.-lat, 7s, '832d, 7a, 1893

Q. A T.-l8t, 78, 1890.Ill.ASo.I.-l8t,79, '82Uan.AXaple9—1st. 7sSt.I,.K.C.A.V.-R.e.79Om. Dlv.-lst, 73Clar'daBr.-68.1919St. Chas.Br.—lat, 6s

No. Missouri—1st, 78West. Un. Tel.-190o, cp.1900. reg

N.W. Telegranh-79,190 JSpring Val. W.W.-lst.esOregon RR. A N.—Ist, Os

69

91'.

.1110

113 ....110 1...109 Si 111lei's 104's100*04*90104105

92105 "a

105Il01»4

110'4 Ill's108 's

1139807

8989

Ist, Tr'tCo.ctfs.suppl.5t.I..V.AT.H.-l8t,g.,7i2d, 78, 18982d, guar., 78. 1898....

PItta.B.A B.-lsti6s,1911Rome W.A Og.-Con., latRoch.A Pitt.- lst,6s,1921Rich. A Al.-lst, 78, 1920Rich.A Danv.—Cons.g.,68Debenture 6s, 1027

10li4!l05106

70OIV

•95

124

107871a99 "878-

9772011s

1351a

117

1

841089010079

82110»<1081071310734100»48314

96

iorij112109

9985

107

9B117108%

ioeVi107%83>»

109113

:oo00110

INCOME BONDS.

(Jnt<rMt pi>i/aIX« l/earuei.)

Ala. Cent— Inc. 69, 1918.Alleg'y Cent—Inc.. 11I1'2.

Atl. A Pac—Inc.. 1910 ..

Central of N. J.-1908 ...

Col. C. A I.C—Inc. 7s. '90Cent. la.—Coup. deb. clfs.Ch.StP.A M.—L.g.inc. 6sChic A E. 111.—Inc.. 1907DesM.AFt.D.—l8t,inc.,6sDet Mack. A Marq.— Inc.B.T.V.AOa...Inc.,08,193IEl. C.A No.—2d inc. 1970G. BayW.A StP.—2d, inc.Ind.Bl.AWe3t"Jnc,1919Consol Inc., Os. 1921...

Ind's Dec.A Spr'd-.2d inc.Trust Co. certitlcates .,

Int A ut. North.—2d inc.2d assented. Os, 1909 .

.

Leh. A Wilkesb. Coal—'88Lake E. A W.— Inc. 78, '99Sand'kvDiv.— Inc.,19'20

Laf.BI.A^nn.-Inc.73,'99Mil. L. 8. A W.—IncomesMob.,tO.—Istprf. deben.2d (iref. debentures3d pref. debentures4th pref. debentures

N.Y.Lakn K.AW.-IncOsN.Y.P.AO.-lstinc.acS 7Ohio Cent.—Income, 19'20Mln'l Div.—Inc79,1921

OhloSo—2d inc.. 09,1021Ogden8.A L.C.—Iuc..l920Peoria D.A Bv.-lnc.,1920Evansv. Div.—Inc.,1920

Roch.A Pitts.-Inc. 1921Rome W. A Og.—Inc.. 78.So. Car. Rr.—Inc.63,1931St Louis I. Mt A So.—

Ist, 78, pref., int. accum.2d, tjs, int. acc'mulative

8i'i84

i09'"00»85

•8090

110105=4•104

106 "4

109

100'

lot's

85

74 "a90

92

8300

102H

112

118117117

110107

100

lis118

St'gI.ARy.-Ser.B.,inc.*94Plain incomes Os, 1896.

Sterling MtRv.— Inc..'!i5

St L. A.AT. IL—Div. bdsToLDeLAB. -Inc,6s.I910Dayton Div.—63, 1910..

Tex.AStL.~L.g.,inc.l920

32 3395

54 64>»

48i^«

5751

791545

•3060

42

'Sli'

4523

4543>a

28"70

85606560

805041

43

3l"90"'

48"4350

37(»"

*No price Frid«r—Uiese arc latest quotations made UUi week.

128 THE ( HRONlCUi- [VOU XXXV.

New York Local Securities.

Bank 8tock List.

COMPANIKS.

Marfc«d thu» n arenot ffationoL

America*Am. ExchaogeBoweryBroadwayButchers' & Drov'raCentralChaseChathamChemicalCltUens* ,

CityCommerceContinentalCorn Exchange*Bast RtverBleventh Ward"FifthFifth Avenue*FirstFourthFultonOallattnQermiin American*.German ExcbanKe*.Germania*Greenwich*flanoverImp. and Traders*...IrvingIsland City*Leather Manul'trs'.Manhattan*MarineMarket «.

Mechanics'Mechanics' AssoCn.Mechanica' &, Tr'drs'MercantileMerchants'Merchants' Bxch'geMetropolis*MetropolitanMount Morris*Murray Uill*Nassau*New YorkNew York County...N. Y. Nat'l Exch'ge.Ninth :...North America*North Kiver*Oriental*Pacific*ParkPeople's*PhenliProduce*Republic8t. NicholasSeventh WardSecondShoe and Leather. .

eixthState of New York..ThirdTradesmen'sUnionUnited StatesWest Side*

100 15310010086 *••» ....

100 ....

100 .. t

8S .•••

100 .>•*

!»100100 1(8i(M1U026'»KKI ...

100 ....

too100»U5U75

1(K)

10025

l(K)

1(K)

BO50100fiO itt100 ....

1008A l&O5025100SO isi'i

50 uo100100

100 ...

1(K)

UH)1001001007030ijft ....

noIIM)

25SO • •*.

SO ....

100100 lHH100 WKK)100100100KKI40 llSi

50KHI100 ....

BM. Atk.

ma

Insurance Stock List.

[Quotations br B. S. Bailet, Broker,No. 7 Pino Street.]

COMPANIES.

AmericanAmerican ExcbanKeBowerjBroadwa7BrooklfnCitizens'CityClintonColumbiaCommercialContinentalEo^le ,

Empire CityExchange.;;FarraKutFiremen'sFiremen's TrustFran kiln & Emp....German-American .

.

GermaniaGiobe..QreenwlctaGuardianHamiltonHanoverHoffmanHomeHowardImporters' & Tr'd'rsIrvini?JeffersonKings County (Bkn.)KnicliorbockerLafayette (Br'kiyn).LamarLenoxLong Island (B'kiyn)LoriHardManufac'rs' & Buiid.ManhattanMech. & Traders'...Mechanics' (B'kiyn).MercantileMerchants'Montauk (Brooklyn)Nassau (Brooklyn)..NationalNew York EquitableNew York FireNew York & BostonNew York CityNiagaraNorth RiTer ,

PaciaoParkPeter CooperPeople'sPhenixKeliefRepublicRutgers'StandardStarSterlingStuyvesantTradesmen'sUnited StatesWestchesterWilliamsburg City.

.

Par.

Pbicb.

Bid. Aih.

SO ISO100 1032525172070

10030501004010080501710

10010050502510015505010050501003020405010025502510010025505050505087W351001001005025251002050505010025501001002525251050

200185170ISO117130

103235'^20

80VO12080105110194US108«6003I2«14575!45807050145ItiC

831057075lOD55100eo13014070100110ISOUS140971660175100185120iiO110145637514510575531257518012022J

155110aio1H71951601251405010724923085

100125901141202001501202807012515080loO9090601532108511075SO105651107514015080112113!B0120150105206518510820012510012 >

ISO7585155125803513380135125200

Gas and City Railroad Stocks and Bonds.[Gm QnotoUons by Prentiss & Staples, Brokers, 11 Wall Street.)

Oas Cohpahies. )

Brooklyn Gas Light CoCitizens' Oas Co (Bklyn)_ do bondsflarlemJersey City 4 Hoboken '.'.

ManhattanIsetrupolltan [,

do bondsMutual, N.i

do bonds3<aseau, Brooklyn„ „do scrip...; iNew YorkPeople's (Brooklyn) '.'.'.'.."

BondsBonds

Central oi New York ..Williamsburg ["

do bonds '.'.'.'.'.'.'.

Metropolitan, BrooklynMunicipal

do bonds .'.v.*Fglton Mnnlclpal

[Quotations by H

Par.

2520

1,(X)0

502050

100500100

1,00025

Vai.10010

1,000Var.5000

1,000100100

'lob

Ammmt

2,000,0001,200,000315,000

1,850.000750,000

4,000,000'i.500,000

1.000,0005,000,0001,000,0001,000,000700,000

4,000,0001,000,000375,000125,000460,000

1,000,0001,000,0001,000,0003,000,000750,000

1,50J.000|

Period

Var.Var.A.&OF.&A.J.&.I.J. 4.J.M.&S,F.& A.Quar.F.& A.Var

M.&N.M.4N,J. 4 3.M.4N.Var.

F.& A.Quar.A.4 0.M. 4N.

M. 4N;.

Datt.*

May.July, '82

1898Aug., '82

.July. '82

5 ;Auk., -ss8 Aug., »!>

i^'julyi "82

3>,1 1882Sept., '81

M;.y, '82

May, '82.)au., '70

18971900 4c

.Ian., '82

Feb.. '821900

July, 82Aug , '8'

IBooI

.1.

Bid.

10583039318521517S10505100;o04118l<4010580755210180z;85105

11070no9817022218010998103

451079085£510170!«011078

L. Gkakt, Broker, 145 Broadway.]

Bleecker St.& Fult. Ferry—St'k1st mortgage

Broadway Si Seventh av.—8t'Ist mortgage

Brooklyn City—Stock1st mortgage

Broadway (Brooklyn)—StockBrooklyn Crosstuwn.—St'k..

Ist mortgage bondsBushwick Av. (B'kiyn)—Stock.Central Pk. N. & B. iiiv.—StockConsolidated mort. bonds

Christopher* Tenth St.—StockBonda

Dry Dock E.B.& Batt'ry—Stock1st mortgage, consolidated .

.

Eighth Avenue—StockIst mortgage

4M St. 4 Grand St. Ferry—St'l;Ist mortga«re

Central Ooes Town—Stock1st mortgage

Houst.West 8t.4 Pav.F'y-St'k1st mortgage

Second Avenue—Stock -

8d mortgageConsol. convertibleExtension

Sixth Avenue—StockIst mortgage

Third Avenue—Stock, I.

1st mortgageTwenty-third Street—Stoek. ..let mortgage

1001,000100

1,00010

1,000100100

1,000100100

1,000100

1,000K)0

')00&c100

1.000100

1,0001IHI

1,000100500100

1,0001,000iOO&c

1001,000100

1,000too

1.000

900,000694,000

2,100,0001,500,0002,000,000300,000200,000400,000300.000500.000

1 ,800,0001 .200.000«."/0,OiO

250.000I.WIIO.OOO1KXI,000

1 .000,00020.'l,(«Kl:

748.000236,000600,000200,000250,000500,000

1,199,500150,000

1,0150,000200,(»0750,000500,000

2,000,0002,000,000600,000250,000

J. 4 J.J. 4 J.Q-J.J.4D.Q-F.M.4N.Q-.I.

^=J:J. 4 J.Q-J.

.1 . 4 D.if.4 A1.4 J.Q FJ.«D.Q-J .

J . 4 J .

M.4N.A.40.

m!4N.

j.'a'.t!J.4J.A.40.M.4S.M.4.8.M.4X.J. 4 J.Q-F.J. 4 J.F.4A.M.4N.

9<;july, '82' 247 |j'ly,1900 1052H July, '82 1497 June '81 ;o33>i;Aug„ 82 215

3272«27

4712767

.. ...... 102July, '82 190July, '82,150

1888i105

July, '82 135July. '82 140Dec. 1902, 116Aug., '82 lOO1898 llOO

Aug., '82 810June. '93July, '82

Jan.. '81

May, '82Apr.,'9^t

Nof.iiK)4

l!5200100iOO1107010370

July. '94 i05Juiy, 821163Apr ,

'85 lOSNov., '88 107Sepc.,'8;l|l60Mar., 1^ 250July, "jojlioMay, '82 200•luly. '901109Aug., •82 147*ia, ,

'93 110

112151IC4220110200170113145143119

UW

iid

115801(8

iVo163

i08>i

280113

ll'S

151115

TbJscn'uiin shows InstdlvideiM on •«<«*». but thedateof maturity of I

QnotatTong in Boston, Philadelphia and Baltimore.

BEOTTBITIXS.

BOSTON.\tcb, 4 Topeka Ist m.

do land grant7BAtlantic 4 Pacltt -, 6s

I o IncomeBoston 4 Maine 78

tfoBton « Albany 7sdo 68

;loston 4 Lowell 78do 6s .._

iioston 4 Providence 78....

3url. 4 Mo., land grant 78..

do Nebr.es Exdo Nebr. 6s

do Nebr. 48

Chicago Burl. 4 Qulncv D.BiConn. A I'asBumpsic, 7s

C. nnctt^n Val'ey.7s . ..

Call ornia Southern, 63

.asiorn, Mass., 4;<a, now. ...

Fort Scott & Gulf Is

Hartford & Krle 78

K. Cltv Lawrence 4 So. Da...

KnM.Oity, St. Jo.&O. B.ls. .

Little It'k 4 Ft. Smith, 78,lBt

Mass Central 69

Mexican Central, is

New York 4 New Kug. 6a. .

.

ao Is ...

New Mexico * So. Pac. Is...

Jgdensburg 4 L. Ch. con. 6 .

do Inc.

OIdColony,7sOld Colony, 68Pueblo 4 Ark. Valley, J8

Rutland 68, l8t mortSonera 78

3T0CK6.Atcblfon 4 TopekaBoston 4 AlbanyBoatoa C lu. 4 FitchBoston & LfOweM .. .

Bo8ton4 Maine.Boston 4 ProvidenceChesnirepreterredChli. 4 W. MichiganCin. Sandus'ky 4 tilev

ConcordConnecticut River.....

Conn. 4 PasBumpBlcConnotton ValleyEastern (Mass.)Eastern (New Hampshire)...FitchburgFllat4Pere Marq

do pref IFort Scott 4 Gulf, pref

do common.Iowa Fall8 4 Slonx CliyLltt.e Rocli* Fort Smith ...

Maine CentralManchester 4 Lawrence

—

Mar. Hough. 4 0nt ...

Mar. Uoogh, 4 Out., prefNashaa« LowellNew York 4 New England...Northern of N. Hampshire..Norwich 4 Worcester()gden8h.4 L. Champlain ..

Old ColonyPortland Saco 4 PortsmouttiPullman Palace CarRutland, preferredHevere Beach 4 LynnTol. Cin. 4 St. LouisVermont 4 Massachusetts.Worcester A NashuaWiaconMn Central

do prefPHII'ADBIiPHIASTATE AND CITT BONDS

Penna. 58, new, reg., 189^-190'.)

do 48, reg., 1894-1901

48. reg.. '.912

SX", reg., 1912

lis; taxed, reg., 1882 '94

6i, untaxed reg., "se-'gE

48, reg., 'S2 'ao

4», reg.. '91'-99

4s, reg , 190J.19 4 . ,

RAILROAD STOCKS.

+

Allegheny Valley^Buffalo Pitts. 4 Western...

do prefCamden 4 Atlantic

00 do prefCatawlBSa

do prefdo new pref

Delaware 4 Bound Brook

—

East FeuHsylvanlaElmlra 4 Wllllamsportdo do pref..

Har. P. Mt. Joy 4 Lancaster.Huntingdon* Broad Top...

do do pref.

Lehigh Valleydo pref

Little SchuylkillSilnehlll

dodo

Phlla.dodododo

Bid Aik.

lis

10384

lOOH112

181W

il3«16764102H

28X

92m4!5^t

8Stt

84110113.

105lis;107!

86«

117

BEOUBITIKB.

100108H

93«

148'

'69)4

74«

57«lo9

2SH

"8«

681825

101«

'.'12

Nesquehoning ValleyNorfolk 4 Western.com

do do prefNorthern CejtralNorth Pennsylvania ..

PennsylvaniaPhlladelphla4 EriePhlla. Germ. 4 Non Istown .

.

I'lina. -ewlowc&N. Y.Pull8jelphla4 ReadingPhlladelphia4 TrentonPhtla.WIlnilng. 4 Baltimore.Pit'sb. Cin. & St. Louis, com.ol.Paul4 DuluthU.U.Coni

do do pref.United N.J. CompaniesWest Chester consol. pref

—

Wost.tersevWest Jersey 4 Atlantic

CANAL STUCK8.Lehigh NavigationPeansylvanlaScbuyiklll Navigation

do pref..

.

RAILROAD BONDS.Allegheny Val..7S-10s.lS9«...

do 78.E.ext.,19I0do Inc. 7s, end.. c. '94.

BelTldere Dela. ist m.,Gs,lw^.Ho 2d m.6s. '85..

do 3d m. 68, 'it..

Camden oEAm. ( j.-o.jii.'sh

do 6s, coup., '89

do mort. 68. 'aj

Cam. 4 Atl. Ist m. 78, g., 1893

5153H

•mi

18«31

30

81M e'l'H

54)i'

4981«

111'

31

42«

12211851«

lOS10510310612H

57ei«

6SSi*!

17H,

31«

188)«

42«

'i'Wi

123

53'

124

Sam. 4 Atl. 2d m. 6s, 1981. .

<^o < oua., 6 p. cCam. 4 Burllngtiin Co. »8,'»1.Catawlssa lst,7B, oonv.. cp.'sv

do chat, m., 108, '88iio new78, 1900,r.4op

Chartlers VaI.,lstm.78.C.,mi;Connecting 68, cp. i90tH904.Delaware m.. 6s . reg.4cn.,varDel. 4 Bound Br., 1st, 78, 190:'.

Bast Penn. Ist mort. 7f, '88 .

.

Bsston 4 Am'ooy, 58, 19J0BI.4 Wmsport, ist 31.. 6 <, 1910

do 58,perpHarrlsburg let mort, 68, '83..

H. 4 B. T. Ist in. "s, gold, '90.

•o cons. m. 58, 1995....Ithaca4 Athens lat g iL Is. ,'90

Junction Ist mort. 6!i, '82do 2d mort. 68,1900 ...

Lehigh Valley, Ist.fia, reg., '9b

do l8t, 68 cp.,I898do 2d m. Is, reg., 1910..

do coD.m.,68,rg.,l9^Sdo do 68,rp.,19i3

Little Schuylkill, Ist ra. 78,'i»2

N. O.Pac, lit m.. 6a, \V!a ..

North. Penn. let m.5s, cp.,'S5.do 2dm.78,op.,'96.do gen. m. 7s, reg., XV'do gen. m. 7s, cp., 1903.do debenture i-s, reg. ..

Norf'k t We.-t.,gen. in.,6s.lb31on Creek, ist 6a, coup., 19ii..Pennaylv.,gen. ra. 6s, rg.,l91o

do gen. m. 68, cp.. 1910do con8.m.6^', rg., 1905.do cons. m. 6s, cp., 1905.do do 5s reg., 191a

Pa.4N.y.C.4 BR. 78,1090....do 1906....

Perklomen 1st m.6s,coup.,'8iPhlla. 4 Erie 2d ui. 78,cp.,'58

do cons. mort. 68, 920

PO do 58,'.920

Phlla. Newt'n4 >.T.,l8t, '9.

Phll.4 B. I6tm.6s,ex.due 1910do 2d m., 7s, cp..'JS.

do cons. m..78,rg., 1911

do do cp.,I?lldo cons.m.6.i,gJliCI9ildo Imi>.m.,6^,g,. J. 18!!'

do gen. m.6., g.,C.l«)fdo In. m.. 7s,coup.,'896.do d.^b. coup., i''93*

CO do cjup. off, 1693

do scrip, ISSido conv. 78, B. C, 1893'

do 78. coup, off, '93

PhIl.WiIm.4Balt ,l»,Tr.certBPltte.CIn.4St. L. 78, reg.. 190i

do do 7.". cp., 1911

Pltt8b.TItusv.4 B.,T8,cp..'96KiCh.4 Danv.cons.lnt.63,1915Shaini>kln V.4 Pottsv.78, I90I

Sunbury4 Erie Ist in. 7s, '97.

Snub. Haz. 4 W„lst m. ,5s, "Si

do 2dm. 6s, .938..

Syra.Gen.4 Corn'.^,l8t,l8,l»05'rexas 4 Pac. let m.,es,g..l90S

do RIO Gr. D.v.,lSSOdo cons. m..6s,g.,I905do lnc.4l.gr., 78 191;

Union 4 Tltusv. ist m. 7s, '9C,

United N.J. cons. m. 6s, '94..

Warren 4 F. ist m. Is, '96

West Chester cons. 7s, '91

West Jersey 6s, deb., coup., '8;i

do Ist m. 68, cp., '96

do l8tm.78,'99do cons. 8s, 1909 ...

.

W.Jersey* Atl. 1st aiSs, cpWestern Penn. RR. 68,cp.'9j,

do 6s P. B.,'96

do gen.m.7s. cp., 1901

CANAL BONDS.ones. 4 Del.. Ist m., es, 1886Lehigh Navlga. m.,68, reg., '84

do mort. RR., rg . '97.

do cons. in. 78, rg.,191;

do Gr'nw'd Tr. 78. rs..'92Morris, boat loan, reg., 183:>.

Pennsylvania 6a, coup-, '.910.

Schuylk. Nav.Ist m.68.rg..'97do 2d m. 6s. reg., 190'

MISCELLANEOUS BONDS.Penn, Co., 6s. reg

do do 4>i8, reg., 1921

do do CO ip., 19J1Phll.4K.Coal41r'n deo.ls.si"

do deb. 7s. cpe.ofido mort., 78, 1892 4baLiTi.tiore:.

Baltimore 68, ISS4, quarterly.do 68,;8S6,J.ijdo 68, 1890, quarterly...do 68, park, 1890, Q.—M.do 68, 1893, M.4Sdo 68,exeinpt,'93,M.4S.do 68, 1900, Q—Jdo 68.1902, J.4 Jdo f>s, 1911), new

Norfolk water, 8sRAILBOAD STOCKS. Par.

BaU.4 0hlo 100CO 1st nrefdo 2d prefdo Wash. Branch. lUO

do Farkersb'g Br..50Northern Central..

,50

Western Maryland 50

Central Ohio, common. ...50

PIttsbu g & ConneluvUIe...BAILRoiO BONUS.

Bait. 4 Ohio 6s, 1835,A.40. .

N. W. Va. 3d m.,gaar.,'a5,J4JPIttsb.4 Connellsv.'i8,'98,J&JNorthern Central 68, '85, J4J

do 6s, 1900, A.40.do 6s,gld,l»00, J.4J.

Cen. Ohio 6s, Ist m.,'90.M.4 s.

W. Md.6s.l8tm..gr..'90,J.4J.do let m., 390, J.4 J...do 2dm.,guar., J.4 J—do 2d m.,prefdo 2d m.,gr. by W.C0.J4Jdo 68. 3d m., guar., J.4 J.

Mar. 4 Cin. 7s. '91, F. 4 A ...

do 2d, M.4Ndo Ss,3d,J.4J

Union RR. lat, guar., J. 4 J.,do c nion endorsed.

Wll,4 WeWon. gold. 7bWII.C.4 A g..68Consolidated Gas

do bonds

Bid. At\

103

li'd

iso

118

108107lisM0%

123123

133X120

123121122lOS

103125

121118

12S

ii's

:06«

I2S106

114

0^ 105

ii's"

123123H123112

95i:9M

98«

08Vi

B5«

96SO

107

'm

1089m96M

92« 93

114118 ..::

ii'8

109110108lOd

119

10^

93M

103107 I....

ii7x;ii7«

U1 \'.'.'.'.

130 lias130 13«124^ 126

140

196124«

193124121

i'o'ii

49>j

106>i

I2X49M17)J

12UK104'1/

io'bm109...

liai

127lOOWsax116

i27HlOOJi

56?!

i'l'a

"ii'4.

103

11911042M104

* In detaalt. t Per abaro.

Jolt 29, IfSa] THE (mHONICLE. 119

Rtiilroad Enrnia'^ii.—The latest railro&d esrniaga and thetotals from January 1 to latest date are giyen below. Thetatement inclucl«9 the gross earnings of alt railroads fromwhich retarns nan be obtained. Th*^ ccJlamns under the head-ing "Jan. 1 to latest date" furnish the gross earnings from Jan,1 to, and including, the period mentioned in th>{ second column:

Boadi.

Ala.Gt.Soutliom JuneAtcli.Tdii.&.S.Ke JuneBost.Cl.F.&N.B. .Vfay

B08t.&N.Y.A.-L. MayBuir. I'illHb.iViW. Jiiiio

Biii-.Oort.n.ifeNo. "JilwkJuIyCairo A St. I,ouls 2<1 wk .lulyCont.Br.Un.Piic. SdwkJulyCentral Fiicitlc. .luiio

ChcRap. &. Ohio. .JuneChlonRo & Alton -d wk JulyChic. Bur. &Q.. MayChic. & East. 111. 3(1 wk JulyChic.&Ur.TruniilWk.JuIy ^

Latest Earningt Reported.

Week orMo 1882.

Ohio. Mil & St. P.Chic. & Northw.Ch.8t.P.Min.\0.Chin. &\V. Mich.Clu.Iud.St.L.&O.Cincinnati .SouthClev.Akrou&ColCol. Hock.V.&T.Denv. & Rio GrDcs M. & Ft. D.Del. Lan. & No..Dub. & Sioux C.Eastern

,

E.Tcuu.Va.&GuEurop.&No.AniEvauHV. &. T. II.

Flint & P. iMarqGal.IIar.&.San AGrand Trunk....Great WosteniGr.BayW.&St.P.Hanull)al&.St.Ji)HouB.E.&W.TexIllinois Ceu. (111.)

Do (Iowa)lna.Blooni.& w.Int. & Gt. North.Iowa C'eutral

3d wk July3d wk July.tdwkJulyJuno2d wk July1st wk J'ly3(1 wk July3d wk July3d wk July2d wk July3cl wk July2d wk JulyJunoJunoMarch3d wk Julylat wk J'ly4th wk J'eWk.JulylSWk.Jul.v212d wk July3(1 wk JulyJuneJuneJuno3d wk July<d wk JulyJuno

K.C.Ft..S. .SGulfK. C. Law. & Soh. Eric & Wi!st'nL. R. i Ft.SuiltliJjoag iHlaudLoulsv. & Mo. R.I<oui8v.& NaslivMaine C<-'ntral.

Mar.Honyh.&OMil. L.Sh.& WestMinn.(t St. LouisMo. Kan. & Tex.Missouri Pad He.Mobile & Ohio..Na8hv.(;h.<tSt.LN.Y.&N. EuKl'dN. Y. Pa. & OhioNorfolk Si, West.Korthcrn Cent..Northern PacificOhio OentralOhio Southern..Oregon inii>.Co.OrcKon R.&N.CojJune . .

.

Oregon iCal... .lunoPeuiisylvania .. JunePeoria Dec. (fcEr. 2d wk fulyPhiladeli).(fe Erie JunoPhila.(& Reading JuneDo Coal tfe Ir. Juno

2d wk July3d wk May2d wk JulyJune3d wk JulyMay3,1 wk July.Mav2d wk July3(1 wk JaljMay3d wk July3d wk JulyJunoJune^d wk JulyMayJuneJuue3d wk July3d wk July3d wk JulyMay

Richni.&Danv..Rochest'rA Pitts8t.Johnsb.&L.C.Bt. L.Alt. &T.H

Do (brchs.)St. L. Ft. S. (few.8t.L.Irou.Mt.&SBt.L.i&San Fran.Bt. P. Mlun.<feM.Boioto Valley...Bouth Carolina.ISO. P.ic. Cal...

Do So. Dlv.So. Pac. of Ar...Bo. Pac. of N. M.Texas (& Pacitle.Tol. Del. & Burl.UdIou Pacitle ..

.

Utah Central . .

.

VlcksU'wA Mcr.Va. Midland ...

Wab.St.L.ifcPae.West JerseyWisconsin Cent.

3 wks July2d wk JulyMay

I

2d wk July;2d wk JulyIst wk J'ly3d wk July3d wk ,Iuly(d wk,Iuly3d wk JiUyMayMayApril.March.MarchJd wMt July3d wk JulyISdysJuiyMayJunei wks July3d wk JulyMayJuno

54.4901,117.000

25,880

47,01128,7.J9

12,3352,23:i.00n200,75310.').981

l,505.2()23S,0013i).!»22

337.0004G2,0(i880,737

110,13043,74950,3509,057

57,7.=i4

113,9290,170

25,01122.H7J

284,002208,39847,13231,5143--.,548

24,708209,80495,5090,0)9

39.71923,344

520,810142.93650,98942,808100,02930,93513,55320.97327,13863.03531,619

249,480170.33747,57316,280

104.30711(5,074184,009132,572119,07473,239

440,099174,843482,76:162,89018,1850.107

255.791395,9t)072,400

1,093,75010,217

311,0141,714,7301,303,253J100,200

5.78318.41423,44818,5304,988

117,72282,275

205,50010.38474,219104.864*369,816•213,305•60,23484.45617,151

1,277,000152,3232(i,Sl7;42,004378,814

1881.

51,7311,197.5.50

31.88723.21653.16237,7356,706

10,268

Jan. 1 to haUtt Date.

1882.

362,5460,800,718

H8,.')90383,150

1,381,765180,890417,6.):

18S1.

346.8485,390,206

2,159,381 12,165,9002ll,135| 1,388,490

144,283

164,2471,079,456

31,28025,069

349,520415,21883,511

114,27041,45946.447,09

1

54,251124„TO3

7,70524,56827,125

268.377204.20841,50514,00034,48423,123

204,23195.1907,421

1

47,10113,813

629,280174,60752,97245,59389,91826,87010,43928,80528,05862,17433,743

192,400112,31038,88111,19197,115111,169120,725136,517151,54956,958

470,3(19156.888487.2891.76014,9246,498

3,732,3037,718,451915,023

10,l39',6bo11,811,1112,440,139719,230

1,297,5851,207,700261,767

1.419,8073,49(1,000182,457

594,7181,503,591

118,805

1,082,700021,390

5,744,5372.718,87:

1,024,673122,323

3,203,330905,425

1,290,2391,470,635510.171815,694

374,995

3,807,4311,317

350,5851,707,2901,143,610

;93,8575,45014,91625,64511,181

120,47057,61590,4008,975

69,184

73,76015,328

,190,000

26,76?J34,80S303,707

i2<y,720

697,211

1,129,675

6,77i',ioi785,907,565,296455,863519,938

2,970,6433,679,983887,727886,745

1,695,4802,179,7591,021,9582,051.6713,0.59,831514,641188,467

1,227.2132,240,500

109,421297,0(J6

1,07.8,512223.167515.823

10.889,9241,290,1233,552,.5297,014,745854,315

8,l9V,i'2310,325.6821,912.75759(!,339

1,192,1701,051,032223.492

1.175.7902,916,972170,403

New York City Banks.—The tollowing sUtement shows thcondition of the Associated Banks of New York City for Mieweek ending at the nommencement of bnsinesB on July 32:

BonAi.

535,4011,394, ls2

163,8'3'i

939,150508.954

5,758.1792,876,384

1,149,4376(5,010

3.065,375787.833

1,286,7021,275,738390,456746,972

22,650.847394,314

1,725,1649,531,4906,272,3931,766,290147,55183,359

622,515418,251107,900

3,577,4411,719,69.54,257,162263,128517.748411,149

•1,338,331•660,697•149,3042,317,140483,015

14,376,000643,304218,392653,578

8,399,225320,322928,000

682,179

995",8'32

6,d2;V,915698,790339.318271,999333,196

2,623,5733,399,3091,117,8991,079,2241,304,4132,282,709995,129

2,661,8671,.574,514312,926

N«w YorkManhattan Co...Vlereb.in(.sMechauiCH'UnionAmericaPhcBnIx.CtlrTrudoBinen'sFultonChtiuilcalMerch'nt.B' Exch.Uallutin Niitlon'lOutcIjors'&DrovMeollunloH' At Tr,QreeuwiohLeather Miin'f'rsSeventh Ward...State of .\. York.Araerloiin UxchConiuierceBrnadnrarMercmntilePaclHcKepubllcOhatlnimPeople's.Vorth Aiuerlcu.Hanover[rvlnKVletrop(4lttan ...

CltlZOQS'.VassauMarketSt. Nlcholiin;lhoe & Leather.Corn Exchange.Oontln^ntalOriental.MarineImportera' & Tr»ParkWall 9t. Natlon'lNorth IllverKasL Uiver.fourth National.Central NatSecond Nation'!Ninth National..First National..Third .National ..

N. Y. Nat. Kich..iBowery NationalN. York County..4erm'n Americ'nChase National..Fifth Avenue...

.

Oerman Uxob. ..

Qermanla0.8. NatLincoln Nat

1,766,288

21,553,839305,715

1,7'23,0279,137,0895,560,1211,691,542117,45163,715

767,535388,459

3,690,8101,629,4072,212,921191,263524,986

1,953,726322,638

12,454,000

595,4427,036,145284,853601,887

* Included In Central Pacific earnings above,t Northern Division.{ Freight earnings.

U. S. Sab-Treasurr.—The following table shows the receipts»nd payments at the Sab-Treasury in this city, as well as thebalances in the same, tor ed-cii aay of th« past week:

Beeeipte. Paymente.Bataiieee.

Coin. Currency.

JnlT 22. 1,335.1,50 92S

800.012 22$

81,064,176 49*

5,539,069 95" 24. 1,607.209 77 923.605 12 81,701,231 62 5,585.616 47" 25. 3,262,409 36 1.284.577 04 83,571,630 41 5,693,047 00" 26. 1,360.683 02 1,010,079 10 83,910,624 29 5,698,613 04" 27. 1,229.658 31 940,322 60 84,417,733 01 5,180,840 03" 28. 1,850,910 12 1,597,501 36 84,553,400 87 5.59i,547 93

Total.... 10.696.001 50 6,562,130 44

Total 61.182.700 i8.iw.*oa• To be increased to ll.OOO.OJO.

Tue deviatioua from returns of prerious week are as follow* r

boans and discounts Ino . (5.853.500 | Net deposits Inc . tl.tM,40ftSpecie Doc. 1.077.700 i Circulation l>ee. <5.40>Leiral tenders Dec. 491.500 i

The following are the totals for a series of weeks past:Loans. Specie. L, Tindera. Deposits. OirciUation. Ag^.Oii.tr

3),S4<,Sa0 3t>5,3S'<l.l00

a.'),602.i)ft0 818..i3»,I0023,un,BO0 ,Sil,003.«00:M,5i3,ljO 3«,»J3,«0a

Boston Banks.—The following are the totaU of the B<j<iua

banks for a series of weeks past

:

LoaTU. Specie. L. Tenders,

19l.4a8.S00 7.987.300 3.9d2.700" 3.151.9008.773,7003,»si,ooa

* Inoludinc the Item '•' due to other banks."

Philadelpliiii Banks. -The totals of the Philadelphia ban'; >

1832. tJuly l....Si2.Sftl.300 iSfl.lSl.SOO

8....»2'».67B.933 Bl.aW.(l')0•• 15....321.8)6.200 83,929.:i00•' 2i....3iO.iOi,70O 64.iJl,80J

* t18.488.9)3 e78,8M.SeSl^.tlCtOO 542.40 1.6t418.j06.300 8a9.274.7MIS.IrtJ.HOO a57,«-(7,»4S

1882.July 3..

•• IC." 17..•• 84..

Deposits.* Circulation. Ago. Ct**-

154.381.200153.172,500153,9 14.U00

7.575.4007,520,8007,885,900

93.10J.00098.»2T.30a97.375,00097,6i)J,100

f80,«ai,»30 e»,7l3J8»30.S3S.M0 e9.0S7.eJV30.56X300 73.293.24730,432.200 75.&ll.SSfc

are as follows:L. Teiuters. Deposits. OireutaUtm. Asi. OU-i .

« * » *10.102.140 "H.10H,)76 9.707.1S3 55 31^87418.877.'i3« 07.U7a.t59 9.rt7S.II35 65,2ll.4l»19.583.323 HU.079.891 tf.8!5.883 60.038.J1620,049,849 69.518.259 IJ.eK9.82S (M.219.9I7

Unlisted Securities.—The following are quoted at 3S NewStreet:

Loans.1882. t

July 3 76.091.119•' 10 75.455.578" 17 75.217.1s!3" 24 75,133,502

Bid. Asked.American Elee. LightAm. rel. .& C.ible 76>4 77Am. Cable (Joustr. Oo. *

Atl.iSs P."jlks.,30 p.c.pdDo Incomes

Boat. H. (&E., new st'k 2H 2^Do old IH l"*

Brooklyn Elo. Ist mButt.N.Y..fePhlla. sub8.*21ChicSc Cal. D.(fe C.stck .... 35

Do pref. 75Chic. & Can. So. stock. 4%

Do bondsContineutal Constr.Co. 65%Central Railway Con-

sitri! ;t'u Co.iD. L.W.)115Der. & 14 O..W. sub.ex. 90

Do stockDo bonds 79

Deu.&R.O.unl'dcons. 97%Denv. <fe N. Orleans... 75Dos M. & Ft. Dodge

Do prefEdison Electric L. Co.610Flint & Poro MarGrand Rapids .te IndHud.Riv. Contract Co.102luteruat. mii. Co 48Ind.B. &W.,Ea8. D.lst

Do Income bondsMld.RR. of N.J. stock. 22 40

Do A bonds 10 12Do B bonds.... 6 8

Mex. Nat. bonds 61>fi 63Do stock 17

9Ja

70"

11793%298OI498 14100

655

55

Sid.Mo.Kan.JtTci. K^mort. 86Mutual Un'u Tel. bds. 77

Do stock.. 27»8N. Y. Ch. (fe St. L. prefDo l8t, ex J'e,'82,op 92

N. Y. Sus. & West 9N Y. W. Shore i Buff.sub., 38 per cent 79

North River Const. CoN.J. Southern l^iOregon Ijiu.Co.lstex. 92>s

Do »tock 84<aOreg. Sh.L.subs.OOp.c

Do subs. $10,000bl'ks ex-bds

Ohio Cent. Kiv.D. Ista. 60i«Do Hiver incomes . 'io**

Pensacola & Atlantic. 84>ePitts. & WesternPullman's P.Car rghtoRich.* Al..feO.C.sub§. 91

Do ex bds. A stok SHlBioh. <fe Dan. ext.snijs. 91

Du deb. subsSelma Rome i& D.SLock ....

Do 2d M.gtamp. 2St. Jo Sl West, stock.. HTex. (StCol. Imi).,50 pdTol, Cin. (feSt. L. Ists. 71

Do income bonds 19Do stock 17

U. S. Electric Light . . .102Vicksb. Mer'u com.st'k 9

* Pi emlum.

Asked

28%94"12

96921>«

9485

124

622281'4

947

MO

315

7Si«2218>3

io'ia

130 THE CHRONICLE. [ToL XXXV.

%nvitstmtntsAHD

STATE, CITY AND CORPORATION FINANCES.

The IHVBOTORS' Sdpplkmbnt eoniaiiis a eomplete exhibit g the

Funded Debt of States and CUie* and of the Stocks and Bond)

of RaUroads and other Companies. It «« P"^^"'^«'*.<"'.,"'«, f/Baturday of every ether month-vit.,_ February Aprtl, June

August. October and December, aud is farmshed without extra

. tJrge to aU regular subscribers of the Chbosiclk, Single copies

«M-« »oM a< ya p<r copy..

ANNUAL REPORTS.

Mobile & Girard.

(For the year ending May 31, 1882.)

The earnings for three years were^M follows

freight:;:::;::::::::::::: '^l^'JSl

Passage 3,331

Totel $228,039

Expenses. 149,335

880-81.$218,822

53,1053,913

$275,84«i189,172

$89,673 $59,413

1831-82.$210,089

54,9633,959

$269,011209,568

NeteaminKS $78,704

The income account for 1881-82 was as below :

Cash May 31. 1881 289011Gross earnings for tUo year 8 654Sundry accounts '

Total $279,697

TransportJvtlou and repairs *209,568

Interest -/•• .- q'AtiCentral Kallroad Company of Georgia d,o /

1

EeserT«dfund »,i».4- 278,851

Casli May 31. 1882BALANCE 8HKET, MAY 31, 1882.

$846

Assets.

Constractlon $1 .709,138

Stock Interest 294.871BlUs recoivuble „, I'ii'iProfltandloss ^iS'S^lSundry accounts 7o,7si

Total $2,405,924

Liabilities.Capital stock $987,265Prof, capital stock 279,900Pike County stock 5,080Funded deljt 1,133,000Agents' ledger 679

Total $2,405,924

The bonded debt consists of $300,000 second mortgage 8 per

cent bonds, $800,000 third mortgage 4 per cent bonds and

^38,000 third mortgage 6 per cent bonds.

Canton Company (Baltimore).

(For the year ending May 31, 1882.)

The annual report says :" The past twelve months has been

an eventful period in the Canton Company's history, the sale

of the Union Railroad by the Canton Company to the North emCentral Railway Company having occurred since our last report.

Your directors deem that a brief recital of connecting causes

and facts will be acceptable.•' The Union Railroad was built by the Canton Company in

18*70-73 for the express purpose of developing Canton property,

giving transportation facilities to its various business enterprises." The wisdom of the project has been fuU^ vindicated by

actual results. In the early history of this road, its maintenancewas an expense, but business gradually increased until finally

it became satisfactorily remunerative." *• * **' Your directors offered to sell them (the North. Central) the

load, and after some negotiations accepted five hundred andninety-four thousand dollars, subject to the existing mort-jfas;e of fifteen hundred thousand dollars and the interest thereon.

*' What is known as the Union Railroad sinking funds, set

down in this report at $689,885, created by the Canton Com-pany to protect its endorsement of said Union Railroad Bonds,•was not included in this sale, but will remain, with its accre-

tions, intact until the maturity and payment of said UnionRailroad bonds by the Northern Central Railway Company asagreed, when it will revert to the Canton Company. In a•written and recorded instrument it was also agreed, and madeBart of the consideration paid for the Union Railroad, that theKorthern Central Railway Company and its assigns shouldhereafter, as set forth in detail, protect and promote the gene-ral business interests of Canton, as well as aid in the continueddevelopment of Canton property."

TREASURER'S REPORT FOR THE YEAR ENDING MAT 31, 1882.

_ '>r. Cr.Bal.ince May 31, 1881 . .

.

$53,154House rents 2,071Oround rents 41.422Wharf rents 20,674

GENERAL INVESTMENT NEWS.

Baltimore & Ohio.—A dispatch from Columbus, 0., July

22, says : "Judge Bingham of the Court of Common Pleas, to-

day decided the cases between the Baltimore & Ohio, as lessee

of the Ohio Central and the Pittsburg Cincinnati & St. Louis,

granting an order of partition for the line between Columbus

& Newark, and declaring that the title to the yard rested in

the Baltimore & Ohio. The injunction suit was decided against

the Baltimore & Ohio, and the Pittsburg Cincinnati & St.

Louis is given the right to do freight and passenger businesB

over the line. The injunction is made perpetual as to the

payment of the expenses of the division."

Camden & Allantic.—Chancellor Runyon, of New_ Jersey,

yesterday gave his decision in the matter of the injunction

restraining the Camden & Atlantic Railroad Company from

making a purcliase of the Philadelphia & Atlantic City Rail-

road. The injunction is made permanent.

Central Railroad of New Jersey.—The New York Heraldhas contributed to the current information about this company

by publishing the figures contained in a report filed by a Mas-

ter in the New Jersey Court of Chancery. The report is pre-

sumably correct so far as its quoted otficial figures are con-

cerned, and the Herald reporter submitted it in full to the re-

ceiver for corrections before its publication, but Mr. Little de-

clined to make any corrections or say anything about it. It is

the purpose of the Chronicle to gather in railroad information

from all sources, so far as matters of fact are concerned, and

credit is fairly given to all other publications as these, columns

from week to week bear witness. The animus of a publication

is nothing to the Chroniolb, provided it gives anything new as

a positive fact about any railroad, and the conclusions made for

sensational purposes are usually dropped, while the truth, if

there is any, is sifted out and brought down to an intelligible

shape for the average reader. " So let it be with Csesar, and

omitting the various conclusions, suggestions, remarks, &c., of

the Herald report, the comparative list of assets in 1877 ana

1882 are quoted below. These have not before appeared in

print, and after the depressing silence of the receivers for five

years, under the Chancellor's direction, any statement whatever

about the company is acceptable.

The Herald report has the following

:

"Some idea of the true condition of the property may, per-

haps, be gained at last from a report which has just been filed

in the Court of Chancery at Trenton by Mr. Amzi Dodd, Spec-

ial Master appointed to examine and report upon Judge Lath-

rop's accounts as receiver. This report covers the whole period

of his receivership—from February 15, 1877, to March 3, 1882

—

and embraces two complete inventories of the property, one

made on the appointment of the receiver in 1877 and one on

January 31, 1882, and also a supplemental inventory at the

date of the appointment of the present receiver, March 3,

1882. The excess of receipts over disbursements for the entire

time is stated at $350,452 74, which sum, the Master says, 'was

the cash balance in the hands of said receiver at the date of

his decease.' This amount, in the precise language of the Mas-

ter, was 'the difference between the aggregate receipts and

expenditures * * * Iiad and made by said receiver durmgthe period of his receivership.' Neither the items of income

and expenditure, nor the gross amount of each respectively Mstated, but reference is made to monthly statements, which

were examined and verified by the Master."

INVENTORY OF FEB. 15, 1877.

Schedule I.— Cash SecurUies, Accounts Receivable, <tc.

"The values affixed to the following named securities and accountsreceivable are those at which such securities or accounts stand upon the

books of the company and are hero inserted, not for the purpose of fir-

ing the value thereef, but for the purpose of connecting this inventorywith the said books."CashSecurities pledged to secure indebtedness of the company.

(None of these securities came iuro the possession of the re-

ceiver when he assumed charge of the property of thecompany, on Feb. 15, 1877.)300 Central RR. Co. of New Jersey consolidated bonds3,278 Central RR. Co. of New Jersey ten years bonds ^'^Z^'^Si700 shares Central RR. Co. of Now .Icrsej stock ^2'2i24,906 Lehigh & Wilkesbarre consolidatcil bonds *'^®5'„5x30,000 shares American Dock & Improvement Co. stock 3,000,0001 33,535 shares stock Lehigh & Wilkesbane Coal Co. (par

value, $0,1)79,250) 5-7?2'92215,000 shares stock New York & Long Branch KK Co 1,500,000

Warehouse rents.Farm and lot rentsBrickyard rentsWharfagefnterestSaleof sanilWater rent returnedTaxes returnedlusur'ce from loss by AreAasessment returnedBev. Canton Elevator

4,58811,469

2823.170765194

31

13750

10,000

3,5815,9162,055

Repairs to roads and sts.Repairs to wharvesRepairs to housesAdvertising, stationery,&c 1,142

Legal services and sur-veys 1,064

Office expenses, &c 1,395Insurance, taxes and wa-terrent 40,532

Salaries of officers, Ac. . 11,400" Petty »ash acooimf 1,684

$9,965

300,000

$97,8293T. C. R'y Co. to purchaseStockofU. RK $6,000

W. C. R'v Co. U. RK. stock 50.000Sale of nouses 1.975Onion RR. Co. advances. 113.366Temp'y loans n.'turned .

.

60.000

Oranl tota

.?2)1,311

. *LS2,325

$69,672Rebates allowed N. C.Railway Co $21,581

Trustees Canton Co. sjilos 51,975Interest on bonds 94,943U. RR. stock for N. C.R.iilway Co 6,000

U.RK.Co.,forsnndry bills .'i,51.T

Temporary loans 67,400

$247,414Brtl. in liank, May 31. 'S2 ).2:>7

Grand toiii *i!.-;,;j>

2,996 shares Lonswood Valley RR Co8,500 shares High Bridge RK. Co

Securities not pledged—1,620 shares stock Central RR. Co. of New JerseyEllzabethport & ^few Y'ork Ferry stockMuncie Creek RR. bonds (par value, $1,000)New Jersey West Line RR. bonds (par value, $900,000)....Bonds aud mortgages receivableMost of above were pledged amounts due to company

from various persons aiul corporations.Bills receivable ?o'§?nStation bal.anccs ^«?^."?„„Lehigh & Wilkesbarre Coal Co W'^t*??

299,600850.000

162,00049,2463,500

407,557147,027

200,7881,')8,817119,768135,430974,885212,482597,146

1,5563,568

Total $24,677,609

INVENTORY OF JANUARY 31, 1882.

FcheJu'e I.— Cash Seeurilies. Accounts Receivable, tf-c.

"The values amxe.lto the following-named securiiies and accounts

.•oc^ivableare those ;. which such securities or accounts stand uiMjn

Accounts receivable, railroad balances, &cNew Jersey Stack Yard & Market CoI-ongwood Valley RR. CoHigh BridseRR. CoLehigh Coal & Navigation Co. (construction loan)

New York <& Long Branch RR CoAmerican Dock & Improvemon tCoUnion Gas Cha iterSouth Branch RK. Co

Jdlt 29, 1882.1 THE CHRONICLE 131

tlio books of the company, anil are Iicre Inserted, not for the piirpoBO of

tiling tlievaliie Uiereof, but for tlie purpose of oonneclliig tills luTentory

cii^*.'!^':^!^.!'""''';" 9592.891SecnrltlcsplodVcdtoseciiremortKftKe loans- . „,„ ,„„

G.llG I*lil«h & Wilkesbarrc consolidated bonds ft,8l3.183

30,000 uliares Ainci loan Dock & Improvement Co. st^ck . .

.

3,000,000Stock of tlio I^high & Wilkosbarre Coal Co. (par value

iJM!.(i79.2.W : ^•IP-^%^l.">,000 Bliarcs stock New York & Long Brancli RB. Co 1,500,0003,000 sliaros stock Longwood Valley RK. Co 595'°928,500 sharcH stock HIkIi BridKC liR. Co 850,000Securities not pledged to secure mortsaffe loans (part of

tUefoUowiiiKare plcdi^cd to secure time or demand loans)—552 sliaros Central Kll. Co. of New .ler-sey stock 55,200Stock of th>> Elizahetliport & New York I'erry Co 49,2404 bonds Munclc Creek RR. Co. (par value $1,000) ,2'592Bonds and I iiort i,'a},'e8 receivable 53,467Bonds secured by mnrtgaKe on ttie East Providence pier of

tlio LeblRh A Wllkesbarro Coal Co 1.30,000

2,353 I^cblKli & Wilkesbnrre income bonds, series B 2.353,00080 bonds of tlio Crystal Spring Water Company Ji'^^Stock of same 5f!'^?938 bonds of the Tidewater I'ipo Company (limited) ^L'iiSJ50 shares stock of the Uover & Rockaway Railway Co 5,000100 shares stock of tbe Ocean Oil Co 10,000150 bonds of the Lcliich & Jjuzerno Coal Co ^5vS22Stock of the Lebigh Construction Co 2'9^nStock of the Scranton .Steel Conip.any 6,000100 bouds of the I'rcobold & New York RR. Co. ($100,000). 00,000Stock of tlie Old KanKOr Slate Co ,o'„

"Pennsylvania Anthractto Coal Co. purchase 43,910Indebtedness to the receiver of the various persons and

corporations

:

Bills receivable $60,823Station balances 239,(!9lAccounts receivable, railroad balances, &o 663,814New Jersey Stock Yard and Market Company 159,227liOngwood'ValUy Railroad Company 139,584High liridf-'C Railroad Company .• 182,515Lehigh Coal ANavlKation Construction Loan 579,314Dover it Rockawav Railway Company 32.288Manufacturers' Rlt. Co. (exclusive of lands acquired) 43,647Lehigh & Wllkcsbarre Coal Co., steamship account 97,057Deposits with State Treasurer of New York 12,000Union Gai (Join pauy Charter 1,556Jergey City <& Communlpaw Raiiroad stock 4,233North .lersey Iron Company 9,084Packer & Waddel Loan 12.000Pond Creek Coal Company 5,294South Branch Railro.ad Company 3,.5C8

West End Iron Company 14,072Lake Hopatcong Railroad 551Lehigh Coal & Navigation Company, to he added to con-stmotlon loan when fully a(\)usted 10,170

Total $23,207,638

Chicago Saginaw & Canada.—This road is noticed for sale in

foreclosure at Grand Eapids, Mich., on the 2d day of Oct., 1882.

Colnmbas Hocking Valley & Toledo.—A Cleveland special

says: "The announcement frona. Columbus that the StandardIron & Coal Company had succeeded in purchasing control of

the Columbus Hocking Vailey & Toledo Railroad is positively

denied by Judge Burke, Vice-President of the road. He slates

that negotiations for the sale have been in progress for sometime, but that no agreement could be reached, and that theyare now entirely at an end, the sale of the road not havingbeen eflFected."

Connecticut State Bonds.—At Hartford, Conn., July 26,

the bids for $500,000 of the new Connecticut State 20-year 3^?er cent non-taxable bonds were opened at the State-house,

he bonds were taken at a premium, the awards being to bid-ders of 104 to 107"5. The total amount of the bids was$2,577,000, and the average of the awards was 105 "4. Thesuccessful bidders were Hubbard & Farmer, Hartford, .?100,000,

at from 107-2 to 107-5 ; C. T. Hillyer, Hartford, $50,000, at105-12 5-10 ; J. B. Powell, Hartford. $10,000, at 105 ; W. H.Champlin, $3,000, at 104 ; (xeorge William Ballou & Co., NewYork, $337,000, at from 104 to 104-75. A Hartford savingsbank bid for the whole amount at par, and Winslow, Lanier &Co. bid for any part of the total amount at par and 98. Theother unsuccessful bids ranged from 101 to 103-75.

Cincinnati New Orleans & Texas Pacillc.—At a meeting of

the board in Cincinnati last week, Mr. John Scott, Vice-Presi-

dent and General Manager, submitted a statement of theaccounts of the company for six months ending June 30, 1882.

The Cincinnati Co??ime7-ciaZ says: "Attached thereto was anexplanatory note showing that the early promise of the yearwas pot sustained, and that the receipts which opened for themonth of January at an increase of iifty-two per cent suffered

severely afterwards, and in April the increase was only two percent, the cause being attributed to the exceptionally badweather, the short crops of last year and the heavy floods.

Under the unfavorable receipts it became a question whetherthe expenditures should be correspondingly cut down. All

things considered, and bearing in mind the fact that the roadwas not fully completed, it was decided to carry out a systemof liberal though careful expenditure to properly maintain theroad-bed, bridges and tunnels, in order to keep up a high-class

road, which should be fully able to deal with the heavybusiness to be anticipated when the period of depression shouldpass away." The receipts were as follows

:

Jammrv $190,922February 188,798March 226,*05April 180,112May 208,188June 189,756

Total $1,184, 18aOperating expenses (including taxes) 820.443

Leaving a net halance of $363,74oSurplus brought forward from 1881 65.952

Total $4-.i9,6y2Pud the ti-ustees for lease of the road 406.000

Balance. $23,692

But as $30,000 was ordered put aside as a naclens for a sink-ing fund, there is a debit balance on the operations of the sixmonths of $6,307. On this showing the dividend was passed,and the policy of the General Uanager in maintaining the roadwas approved by the board.The operations of the road from the date of its lease—the

12th of October, 1881, by the present company, to the 30th ofJune, 1882—show the following results :

Receipts, 1881 •813,718Receipts, 1882 1,184,183

$1,797,002Operating expenses, including taxes, 1881 $323,776Opurating expen.sos, Including tuxes, 1882 820,443

$1,144,219

Net $6!53.692Of which there has been paid the tmstees 684,989

$68,692

Denver & New Orleans— Fort Worth & Denrer City.—Bx-Governor John Evans, President of the Denver & New OrleansRailroad Company, on hi.s way from New York to Denver, in-formed a reporter for the Chicago Times that he had just con-cluded an arrangement with Winslow, Lanier & Co., one of theheaviest banking houses in New York, for placing $9,000,000 ofthe company's bonds, which insures the completion of the line

to a junction with its Texas connections at the Canadian River.

Gov. Evans said that the press dispatch from Denver, announc-ing that in its suit against the Atchison Topeka & Santa Fe to

enjoin the latter from discriminating in favor of the Denver &Rio Grande, that Judge Hallethad rendered a decision, was mis-leading. It was only a refusal, he said, to grant an injunction

before hearing testiniony. Judge Hallet has already decidedthat Under the constitution of Colorado the Atchison Topeka &Sante Fe is required to exchange business with the Denver &New Orleans- Raiiroad. The court argued this at length whendismissing the Atchison & Santa Fe's demurrer.—The N. Y. World says :—"The Fort Worth & Denver City

Railway is now completed to Henrietta, Clay County, Tex.,

ninety-six miles from Fort Worth, and opened for traffic fromthat point. Shipments of cattle began on the 18th inst., there

being about 30,000 head of cattle awaiting shipment at Hen-rietta. It is intimated on excellent authority that the negotia-

tions between the Denver & New Orleans Railroad and asyndicate of New Ysrk Bankers have been successfully con-

summated, and that that roai will be completed forthwith to

the Canadian River. In this event the Texas & Colorado

Railway Improvement Company will at once proceed to extend

the Forth Worth & Denver City Railway to the Canadian andreach there in time to meet the Denver & New Orleans, andform a great trunk line from the Rocky Mountains to Gulf tide-

water. On Saturday the stock of the Denver & New Orleans

Construction Company, which a few days before was quoted at

30, advanced to 80."

Fort TVaync! & Jackson.—"The common and preferred stocks

of the Fort Wayne & Jackson Railroad Company are largely

owned in Boston, though ' outside ' securities have been quiteactive of late at $80 per share for the preferred stock ana $15(®$20 per share for the common. This company has no debtwhatever, and its one hundred miles of road from Jackson,

Mich., to Fort Wayne, Ind., is equipped with steel rails. Thepreferred stock is in amount $2,284,900, or $22,849 per mile,

and the common $427,000, or only $4,273 per mile. The status

of the common stock cannot be very clearly defined, as the pre-

ferred is entitled to a preference of 8 per cent, and the roadearns and pays on ' the preferred stock but 2 and 2,'8 per cent

per annum. The first dividend was 2 per cent, paid March 25,

1830, and the last. 2 per cent, in May, 1882 ; but in 1881 2)^

per cent was paid July 1. The speculative interest in the

stock is based largely upon negotiations for the sale of the

road. Vanderbil I offered a guarantee of 5 per cent upon the

preferred stock for a lease to the Lake Shore last year, but

this was declined. It is now said that not only the Lake Shore,

but the Michigan Central and the Grand Trunk desire th» con-

trol of this road for a southern connection,"

—

Boston rran-script.

Fort Wayne Cincinnati & Lonisrille.—"This road (formerly

Fort Wayne Muncie & Cincinnati) is the southern connection of

the Fort Wayne & Jackson. It extends from Fort Wayne, Ind.,

to Connorsville, Ind., 104 miles, and has a branch from New-castle to Rushville of 24 miles. Its total indebtedness is $4,-

000,003 of capital stock, upon which the company is supposed

to have earned about 4 per cent in 1881, though all informa-

tion is refused. The price of the stock is about $35 per share,

and any soeculation upon the sale of the Fort Wayne & Jack-

son must be associated with the Fort Wayne Cincinnati & Louis-

ville."

—

Boston Transcript.

LonisTille Evansrille & St. Louis.-The extension of this

road is completed, and open for local business between Louis-

ville and St. Louis. It was formerly known as the Louisville

New Albany & St. Louis Air Line. Pullman trains will be ran

between those cities the last of August or first of September.

The extension has been about a year in building, and has cost

in the neighborhood of $3,000,000. The Boston parties whocontrol the property believe it will prove a profitable invest-

ment.

Maine Central.—The Maine Central Railroad Company has

leased the New Brunswick & Canada Railroad and the Europeaa

& North American Railroad for ninety-nine years, agreeing to

pay 5 per cent on the bonds of the companies.,

132 THE CHRONICLK \yoL. XXXV.

ManhntUn ElcTated.-Under the agreement of October, 18S1,

the old Manhattan stock was to be exchanged for new Man-

hattan common stock. The Stock Exchange decided that when

a majority of the old stock was thus exchanged, the new stock

should be regularly called. It was announced that this ex-

change had been made and the new Manhatlan common stock

is now placed on the list., ,, ^ ^, . • «• tv.„

-The World says: "It is sUted that the exfension of the

Third and Ninth Avenue lines of the New York tlevated Kail-

road to High Bridge will be built by a construction company,

the lines, when completed, to be turned over to the Manhattan

Company. The money for this work will be advanced by the

directors of the Manhattan Company. Opposition on the part

of the bondholders has caused the directors of the Metropoli-

tan Company to delay action."

Massiichnsetts Central.—In Boston. July 24. at the meeting

of the directors of the Massachusetts Central Railroad the fol-

lowing changes were made in the directory : Moses W. Rich-

ardson, of Boston, in place of Dr. Franklin Bonney, of Hadley;

Klisha S. Converse, of Maiden, in place of William A. Dicken-

son, of Amherst ; Henry Woods, of the firm of C. F. Hovey &Co., in place of Charles A. Cotting. of Wayland. The members

still remaining are J. Edwin Smith, of Worcester; Henry F.

Hills, of Amherst, and Lewis J. Dudley, of Northampton.

At the first meeting of the new board of directors of the

Massachusetts Central Railroad, held on Wednesday, some time

was spent in discu.ising the condition and prospects of the

road, but no definite action was taken. Anothsr meeting will

be held in a few days, and the directors hope to make arrange-

ments by which they will be enabled to operate the railroad

themselves.

Mexican Central.-A telegram from Mexico reports that the

Mexican Central Railway was opened to the city of Leon, a du-tance of 262 miles northward from the City of Mexico. The traffic

is said to be in excess of the estimates, and the rolling stock on

hand is inadequate to the demands for transportation.

New York City & Northern.—The holders of the consoli-

dated mortgage bonds held a meeting July 10, and Mr. HenryVillard was elected chairman. Resolutions were adoptedHnder which Messrs. Henry Villard, William Mortens, Charles.

Knoblauch. A. Marcus and Elijah Smith were appointt-d a com-mittee to represent these bondholders in protecting their rights

under the mortgage by foreclosure proceedings or otherwise.

Within ten days after a decree of foreclosure is rendered, this

committee Is to call a meeting of those bondholders who havedeposited their bonds in the Farmers' Loan & Trust Company,and hold certificates therefor, and a reorganization committeeis then to be appointed and a plan of reorganization adopted.

New York Ontario & Western.—Notice is given that theboard of directors, having resolved to dispose of the WestShore Railway Company's bonds owned by this company, offer

the right to subscribe for the same on special ter-rs to the stock-holders of this company. Printed circulars, giving full infor-

mation, may be obtained on and after August 5, 1882. For thepurpose of this subscription the transfer books of the companywill be closed on Saturday. August 5, 1882, at 3 p. m., and re-

open on the morning of Taesday, August 15, 1882. Stockhold-ers of record at the date of the closing of the books as above,or those holding a-ssignn ents of the rights to subscribe pertain-ing to the stock, maysubsciibe under said circular from August7 to 14, 1882, inclusive.—^The terms of subscription are not published, but the Even-ing Post of July 27 said :

" It is reported that the privilege tobe given to the Ontario & Western stockholders will be in sub-stance to allow each holder of sixty shares to subscribe and takeone bond for $1,000, issued by the New York West Shore &Buffalo Railway Company, and being part of the entire issueof bonds covering railroad franchise and its equipmeiit fromNew Y'ork to Buffalo. The Ontario & Western Company is

owner of $10,000,000 of these bonds, and it will offer to its stock-holders of both classes the right to take these bonds upon pay-ment of $500 in monthly instalments. Certificates registeredby United States Trust Company are said to form a part of theplan, each for the sum of $1.00(5, and when all the instalmentsare called and paid.the bonds, which meantime are lodged withthe Trust Company, will be delivered. This plan is piacticallya distribution to the stockholders of the Ontario & WesternCompany of a portion of the assets of the company which arenot required, or likely to be requiriid, for the purpose of con-struction."

Norfolk & Western.—The following is a statement of earn-ings and expenses for June and for six months:

State's interest in this stock. Some years ago the United'

States Court appointed S. F. Phillips, of Washington, receiver

of the Stale's stock for the protection of the State railroad

construction bondholders. The North Carolina Railroad Com-pany became dividend-payisg seven or eight years ago. It

was leased in 1875 to the Richmond & Danville Railroad Com-pany for thirty years, at a rental which yields about 6 per cent

on the sto^.k of the lessor company. Mr. Phillips has beenapplying the dividends paid on the State's stock to the paymentof the past-due interest on the State North Carolina Railroad

Construction bonds. Few overdue coupons on these bonds nowremain to be paid. The first series of these bonds becomes duenext year, and the State is desirous of extending them. Theplan of refunding open to all bondholders, and accepted by the

majority of them, is as follows : Holders of the North Carolina

Railroad Construction bonds to surrender their present bonds,

with tne unpaid past-due coupons from July 1, 1878, to the

State, and receive therefor new S'ate bonds to the extent only

of the principal of their old holdings. The new bonds are to

run thirty years at 6 per cent interest, payable semi-annually

in April and October, and the coupons are receivable for taxes.

It is provided that the present bondholders shall not, by this

exchange, prejudice their lien on the State's stock of the NorthCarolina Railroad Company.Bonds to be refunded may be forwarded by express to D. W.

Bain, Secretary of the State Commission, at Raleigh. N. C.

Ohio Central.—Application will soon be made to list the

bonds of the River Division of the Ohio Central. The division

is expected to be completed by Sept. 1. The road connects with

main stem at Corning, Ohio, and with the Chesapeake & Ohio

at Charleston, W. Va., 150 miles. The road is being built at the

rate of $20,000 per mile.

Ontario Southern.—The New York Supreme Court hasgranted a decree of foreclosure of mortgage against this com-pany, and an order of sale to satisfy the decree. The amountof the bonds outstanding is $1,000,000, and of interest founddue, $429,093. The decree applies to all the property covered

by the mortgage,—that is to the completed road from SodusPoint, N. Y., to Stanley, 34 miles, but does not cover certain

right of way and unfinished road acquired by consolidation

with the Geneva Hornellsville & Pine Creek Company someyears ago.

—

B. R. Gazette.

Pennsylvania Kallro.id.—The gro.ss and net earnings in

June, and from January 1 to July 1 in 1881 and 1882,

are specially compiled for the Cheonicle in the table below.

In June, 1882, there was an increase of $286,319 in gross

earnings and an increase of $45,790 in net earnings. For the

six months there was an increase in 1882 of $1,097,010 in gross,

and a decrease of $807,031 in net, earnings.

ALL LINKS EAST OF PITTSBHRG AMD EKIE.

-June.-

* 1882. 1881.Qro«8 eamlDKS $171,843 $156,883•Expenses 101,990 95.51.6

^.Tan. 1 (o June 30.-1882.

$1,024,959620,499

1861.$99.1.120559,157

Not earnings...-. $72,852 $61,371 $101,460 $435,972

* Expenses Include estimated proportion of yearly taxes.

North Carolina State Railroad Bonds.—CommissionersGeorge Davis. Montford JIcGehee and Donald W. Bain aremaking preparations to refund the bonds issued by the State inaid of the ocnstrnction of the North Carolina Railroad. Theyamount to about $2,800,000, are dated from 1853 to 1855, wereto run twenty years, and bear 6 per cent interest. The railroadCompany ha.'» a capital stock of $4,000,000 and a funded debt ofless than $300,000. The State of North Carolina holds $3,000.-000 stock as security for its loan to the railroad By its charterthe railroad company can place no mortgage lien ahead of the

. Oross Earnings.-1831.

January . .

.

. $3,189,215February .

.

. 3,095,614March . 3,344,304April .. 3,760,372May .. 3,8.3(>,897

June .. 3,807,437

1882.

$3,373,3213,306.7503,912,2933,855,8504,108.8774,093,756

Total $21,553,839

As to the lines west

, ivei Eanunga. .

1881. 1882.

$1,206,861 $1,074,2661,158,104 1,079,6211,799,226 1,415,8021,6.55.810 1,319,3111,6-8,610 1,760,7891,488,543 1,534,333

$3,997,154 $8,190,122$22,650,317

of Pittsburg and Erie, the monthlyreports issued in 1881 and for the current year show the results

below. 'I?he company's report, however, states a loss this yearagainst the year 1881 of $1,645,521.

ALL LINES WEST OF PITTSBURG * ERIE.

1881.

January $381,539February 143,497March 441,901April 496,764May 218,482June Def. 56.400

cr all Liibililiea.1882.

$9,741Det. 121.307

36, =.32

17.017DeM01,556

38,880

In

Dec.Deo.Deo..Pec.Dec.Inc.

Deo..

c. or Dee. in1882.

$371,798264,804405,369479,717320,03895,286

)ef. $120,657 $1,746,440Nettotal $1,625,783 Def. $120,657

—The board of directors of the Pennsylvania Railroad Com-pany held a special meeting July 25 to consider the question

of the sale of the Indianapolis & St Louis Railroad Companyunder an order of the receiver, which was noticed for Friday.

The press dispatch says the Penn.sylvauia Road has not hadany necessity for the Indianapolis & St. Louis route since it

has operated the Vandalia line—a considerably shorter roadbetween Indianapolis & St. Louis—and it has been deemed de-

sirable to dispose of the company's interest in the super-

fluous liue between those points. A contract has been madedisposing of the stock owned by the Pennsylvania to the C. C.

C. & I. Company, and this "contract was approved ^y theboard.—The Pennsylvania Railroad Company gives notice that the

certificates for new stock, under resolution of the board of

managers of May 1, 1882, are now ready for delivery on return

of the receipts given for same.

Philadelphia & Reading.—The gross receipts from therailroads, canals, steam colliers and coal barges in Junewere $1,714,730 and the net receipts $773,396; for the fiscal yearsince Nov. 30. 1881. the gross receipts were .r; 1,",S2,3S4 and thenet receipts $4,685,549. The gross receipts of the Philadelphia& Reading Coal & Iron Co. in June were $1,303,253 and net

$70,778; since Nov. 30 gross receipts, $7,653,178; net. $326,064.

'rhe total receipts of both companies together for each monthof the fiscal year have been as follows :

July 39, 1882.

J

THE CHKONK^LE. 13bU

December $2.237,0 15January 2,153,378February 2,M0,0,i3Marcli 2,:.2r.,I08

April 2.382,50«iMay 2,651,260.Time 2,8S0,905

-Gross Recexpt*.-1880-81. 1881-82.

$n,231.077

3,lGl).O0.'>

2,:)87,7202,ei)i),70t>2,87-l,00!t

3,017,983

-Net Reeeiplt.1880-81. 1881-82.$540,456554,769631,402716,709580,039825,854839,300

$937,542646,913438,650655,449708,304780,574844,174

Totiil $16,940,255 $19.03:>,568 $4,698,529 $5,011,612

The coal tonnage has been as follows, viz.: Carried on therailroad in Jane, 712,200 tons, aj^atost 690,613 tons m June,1881; and for seven months, 4,314,730 tons in 1881-82, against3,539,769 tons in 1880-81. The total mined by the Coal & IronCo. and by tenants was 473,053 tons in June, against 471,672 tonsin June, 1881; and for the seven months, 2,810,511 tons, against3,634,397 tons in 1880-81.

Pittsbnrg Cincinnati & St. Louis.—A dispatch from Colum-bus, O., July 26, says :

" Robert Garrett & Sons, of Baltimore,Md., to-day filed in the United States Court a bill in chanceryagainst the Stenbenville & Indiana Railroad Company andothers, asking that the liens on the road be marshalled andsold. The plaintiffs claim the first lien, which, including inter-est, amoanto to over $200,000, which is the balance due them ona former decree. The road is now part of the Pittsburg Cin-cinnati & St. Louis Railroad."

Placervllle & Sacramento Valley.—The court has orderedthe receiver to turn over this road to Louis McLane, trustee

;

also that the sum of $20,156 due the receiver be adjudged alienupon the road, and that the company be required to pay thesame, and in default thereof the road be sold to pay said lien

and the $26,000 bonds outstanding under the mortgage of 1864.The road extends from Sacramento, Cal., to Shingle Springs, 48miles, and is not at present operated.

Railroad Constrnctiou (New).—The latest information ofthe completion of tracfe on new railroads is as follows:

BufTHlo Pittebur/i <fe Western.—On tlie Buffalo extension track is laidfrom Dunkirk, N. Y., uurtheast 4 mllss, aud from Bay View southwest7 miles.Burlington Ce<lar Rapids & Northern.—The X'acifio Division is ex-

tended northwest to Spirit Lake, la., 29^ miles.CatsklU .Mountain —Coniplet»d from Catskill Landing, N. Y., west-

ward to Lawi onceville. 12 miles- Guage, 3 feet.Conuottou Valley.—Track on the Straitsville Extension is laid from

Canton, O., southwest to Navarre. 13 miles. Gaupo. 3 feet.Genesee Valley.— Extended to Uelfaat, N. Y., northward 10 miles.Old Colony.—The Whittenton Branch i» extended from Whittenton

Mills, Mass., to the main line in Kayuham, 2^ miles.Oregon & California.—Extended from Koseburg, Or., southward 18

miles.Oregonian.—Extended from Brownsville, Or., south to Coburg, 20

miles. Gauge, 3 feet.Pittsburg Bradford & Buffalo.-Extended from MarienviUe, Pa., to

Frost's Mills, 4 miles. Gauge, 3 feet.Rochester & Pittsburg.—Extended from Tarport, P»., south to Brad-

ford, 2 miles.8t. Louis Iron Mountain & Southern.-Extended from Harrieburg,

Ark., southward to Forest City, 37 miles.Trinity & Sabine.—Track laid from Trinity, Tex., eastward 38 miles.Union Pacille.—The (:lunuison Branch of the Denver &, South Park

Division Is extended from Woodstock, Col., to Pitkin, 7 miles. Gauge,3 feet.This is a totivl of 204 miles of new railroad, making 5,304 mi'es thus

far this year, against 2.615 miles reported at the corresponding timein 1881, 2.424 miles in 1880, 1,122 miles in 1879, 900 miles in 1878,751 miles In 1877, 1,010 miles in 1876. 533 miles in 1873, 839 miles In1874 aud 1,872 miles in 1873 anrt 3,237 miles in 1872.—iJoi/roud Oazeltt.

St. Louis Iron Mountain & Southern.—A dispatch fromLittle Rock, Ark., reports the Crowley's Ridge branch of theIron Mountain Railroad completed to Forest City. This branchruns from Knobel, on the main line of the Iron Mountain Road,to Forest City, a distance of 97 miles.

St. Louis & '*An Francisco.-The following is a comparativestatement of the St. Louis & San Francisco Railroad Companyfor the first half of 1882 :

1882. 1881.Mileage 661 .'i97

Gross earnings $1,495,989 $1,463,913Estimated expenses 747,995 636,233Netearniugs 747,994 827,980Fixedcharges 537,835 475,051Applicable for dividends 210,1,59 352,629Per cent on first preferred stock 46 78The earnings for the first half of 1882 were unfavorably

affected by short crops, while net earnings were decreased bylarge expenditures for betterrnents. The increase in fixedcharges resulted partly from the establishment of new sinkingfunds. The earnings have begun to improve on the handlingof new crops. The road is moving from fifty to one hundredcar-loads of wheat per day. The Arkansas division will beopened to Fort Smith in about sixty days, securing a consider-able increase in local and through business. The extension ofthe main line from Pacific, Mo., to St. Louis will soon be com-pleted, enabling the company to do business over its own line

toSt. Louis and saving an annual rental exceeding $250,000.

Western & Atlantic (Ka.).—The Atlanta Constitution saysthat Attorney-General Anderson and Capt. Jackson, his a&so-ciate by special employm-nt of the Governor, have preparedthe document which will take the matter of the validity of thisState road Wase into the courts. The proceeding is an infor-mation in the nature of a quo warranto, and will be filed in theSuperior Court within the next few days. It calls on theWestern & Atlantic Railroad Company to appear and showcause why the lease should not be broken. After the paper is

presented to the Superior Court, the Judge wiU fix a time forits hearing, not less than ten nor more than thirty days fromthe filing. If there is an issue as. to the facts set forth in thepaper a jury will be drawn and the case will be tried.

COMMERCIAL EPITOME.Friday Niout, July 28, 1882.

The weather has been excessively warm the past week, modsome complaints of drought began to be heard in various see-

tions, claiming injury to the growing crops ; yet no serious

damage has been done and the latest telegrams report satisfac-

tory rains. Business is very good for this stage of the season,

or rather " between seasons," when business men usually leare

the city. The labor troubles seem at length in process of ad-justment, and generally on terms adverse to claims of the" strikers." Circumstances point to a prosperous autumn trade.

The speculation in provisions has been less liberal, and arealizing movement at the close brouo^ht about some depres-

sion. Old mess pork quoted on the spot at $21 and new at f22August options were weak at $21 ; September, $21 10@|21 30.

Lard was depressed to 12'55@12'60c. for prime Westernon the spot ; refined to the Continent was quoted at 12'70c.;

August options closed lower at 12'37}^c.; September 12'55c.;

October, 12'60c.; November, 12 45c ; December, 1235c.; seller

year, 12 32.)^c.; January, 12"40o.; February, 12'45«. Bacon washeld firmly at 13";^c. for long clear. Beef very firm at $33(9

$34 for City extra India mess. Beef hams quotea at $20 50© '

$21. Cut meats were steady and quiet. Tallow sold at 8^(9 '

854c. for prime. Stearine quoted at 12%.@13)ia. Butter wasweak at the close to-day and cheese was quite irregular, partly

owing to the advanced rates for ocean freight-room.

Rio coffee has advanced to 9Mc. for fair, on a better

demand ; mild grades hav« been firm, and the sales of Mara-caibo have been quite large. Tea has been scarcely so firm,

with less demand. Foreign fruits have been fairly active, at

easier prices. Spices have been quiet, but about stea dy.

Molasses has sold very slowly, at last week's prices. Raw-

sugar has been more active and steadier at T^A@l%e. for

fair to good refining, and 8^c. for 96 degrees test centrifu-

gal. It now seems that the duty cannot be reduced at

this session of Congress, and as their trade has improved,

refiners have a further reason for purchasing, especially

as it is generally understood that they have allowed their stocks

to run pretty low |: ending the settlement of this question.Refined has been in better demand latterly, and the depressionof the fore part of the week has consequently been succeededby considerable firmness, especially as the supply has becomesomewhat reduced ; crushed, powdered, cubes and cut loaf

closed at 9%c., granulated at 9^c. and standard soft white"A" at 9>^c.Kentucky tobacco remains quiet, and sales for the week are

only 300 hhds., of which 200 for export and 100 for home con-sumption. Prices are about steadv on the basis of the late

reduction, although accounts from the growing crops continueto be of the most favorable character ; lugs, 6^®7/6c.; leaf,

7?4@12>6c. Seed leaf in but moderate demand ; sales for theweek 950 cases, as follows : 150 cases 1880 crop New Kngland,8@45c,; 150 cases 1881 crop New England, 5%@12c.; 200 cases1880 crop Pennsylvania, 6@12c.; 150 cases 1880 crop Ohio, 6@9c.; 125 cases 1881 crop Ohio, 5^@6c.; and 125 cases sundries,

6@15c. Also 400 bales Havana. 88c.@$l 20.

Naval stores have been declining. The Southern marketssJiow a depression and the export movement is light. Spirits

turpentine sold in yard here to-day at 45c , and good strained

rosm delivered at $2 05. with the yard prices $1 85@?1 90 forcommon, and $1 95@$2 for good strained. Window-glass rosin

sold down to $3 50. Reflnea petroleum was about steady at7c. for export; crude certificates, after quite a serious break,

recovered to-day from 57>6@61c., closing at 61%@6lMc.;August options quoted 62c., September 64 ;4c, October 66)^o.

Ingot copper was about steady, 200.000 lbs. Lake sold at 18}^(§18^c. All other metals, while rsmaining firm, continued qixiet.

Hops have been very buoyant, mainly owing to the very poorcrop reports from Kngland ; the stocks here are very light,

and brewers have paid in a small way 52@53c., yet exportersrefuse to bid over 50 cents ; several lar^e transactions have beenreported in the interior at 50 cents, said to be to speculators.

Wool has had a better sale ; dealers are asking higher prices.

A good business has been done in ocean freight room, themain patronage coming from the grain trade. Oil vessels are

rather scarce and held at high rates. Grain, to Liverpool, bysteam to-day, 6d.; cotton, 3-32^11-64d. compressed ; flour, 178.

6d @20s.; bacon and lard, 20@25s.; cheese, 30@35s.; beef, 48.;

pork, 3s.; grain to London, by steam, 8Md ; flour, 25s.; baconand lard, 30s.; cheese, 40@46s.; grain to Glasgow, by steam,

7M@8d.; do. to Leith, by steam, 854d.; do. to Antwerp, bvsteam, quoted 9)^d.; grain to Lisbon, bv sail, 15^c. per bushel;

do. to Cork for orders, 6s. 9d@6s. W^i. per qr.; do. to Mar-seilles, 6s. 6d.; do. to Continent (August), 5s. 3d.; refined

peiroleum to London, 3s. 6d.; do. to Trieste, 3s. 10)6d.; do. to

Cork for orders, 43.; do. from Philadelphia to the Continent, 38.

6d.@3d. 9d.@4«.; cases do. from New York to Singapore, 33c.

134 THE CHRONKJLE. [Vol. XXXV.

COTTON..Feidat, p. M., July 28, 188a.

The Mo'vbmkht of th« Ceop, as indlcnted by our telegrams

from the &mth to-night, is given below. For the week ending

this evening {3a\y 23), the total receipts have reached 6,126

bales, against 9,150 bales last week, 8,142 bales the previous

week and 9,586 bales three weeks since: making the total

feoeiptw sinoe the 1st of September. 1881. 4,654.991 bales, against

6 757 55S baies for the same period of 1880-81, showing a decrease

Bince September 1. 1881, of 1,102,567 bales.

Seeeiplsat— Sat.

Qalveston 6

Indlanola, &C.

Hew Orleans... 69

Mobile 36

Florida

Barannah 50

Brunaw'k, 4c.

Charleston 25

Pt. Royal, <fec.

Wilmington.... 2

Uoreh'd C.,<bc

Korfolk 221

CityPolnt,<feo.

Hew YorkBoston 429

Baltimore .-..

Philadelp'a, Ac. ....

Totals thisweek 838

Hon.

31

12513

58

236

34078

892

TiJM.

28

23512

48

39

11

341

183695

1,620

Wed.

SO

45

86

253

Thurs.

10

45174

103

14152

Fri.

3620124

4

11

652469

437

91874

Total.

4981 5331 1,710

16420

675239

220

1492

20

996437

r 6691,507

91874

In addition to above exports, our telegrams to-night also giveus the following amounts of cotton on shipboard, not cleared, atthe porta named. We add similar figures for New York, whichare prepared for our special use by Messrs. Carey, Yale &Lambert. 60 Beaver Street.

6,126

On Shipboard, not cleared—forLeatinoSlock.Jolt 25, at— Oreat

Britain.France.

OOierForeign

Ooatt-vnte.

Total.

VewOrleans....MobileCnarlestonBavannahBalvestonNorfolkNew YorkOther ports

161None.None.None.None.None.1.8001,000

None.None.None.None.None.None.150

None.

None.None.None.None.None.None.2,650200

None.None.

50150

N«nc.None.None.None.

161None.

50150

None.None.4,6001,200

26,2061,165505

1,6951,5292,031

139.97220,017

Total 2,961 150 2,850 200 6,161 193,150

Total 1881Total 1880

19,78310,921

1,1096,204

1,233 2,364 1 21,139400 316 1 17,844

233,270180,035

For comparison, we give the following table showing the week's

total receipts, the total since Sept. 1, 1881, and the stocks to-night

and the same items the for corresponding periods of last year.

Reeeipte lo

July 28.

QalvestonIndianola,&c.

New Orleans*..

MobileFlorida

SavannahBrunsw'k, <fec

Oharleston

Pt. Rsyal, (fee.

Wilmington....

M'headC.,&cHortolk.

Olty Point, AcHswYorkBostonBaltimore

Phlladelp'a,<fec.

Total

1881-82. 1880-81.

This

Week.

Sitice Sep.

1,1881.

16420

673239

220

1492

206

996437669

1,507

94871

6.126

427,05913,769

1,184,779

263,121

27,211

728,271

7,026

497,39024,516

131,9026,580

613,761

191,939161,809

231,026

25,661

93,163

4,651,991

This

Week.

1,711

303,9

9715

1,700

101458

151

15

1,908

115449

1,543

6952,245

16.161

Since Sep.

1, 1880.

667,773

15;340

1,571,955

383,35820,372

866,677

5,010

619,027

49,972

118,073

30,506

713,12

210,799172,232

183,00751,105

78,716

3,757.558

Sloek.

1882.

1,529

26,367

1,165

1,845

555

490

2,031

141,572

6,3007,626

7,831

1881.

24,731

70,966

3,899

0,086

5,063

87049932

3,690

127,107

9,8901,210

4,151

199.311 2.^7.759

In order that comparison may be made with other years, wegive below the totals at leading ports tor six seasons.

Seeeiptt at—

Qalve8t'n,&c.

New Orleans.

MobUeSavannahOharl'sfn, AcWUm'gt'n, AcNorfolk, AcAll others

Totthlsw'k.

Blnoe Sent. 1

1882.

181

675239220151

261,433

3,198

6,126

4634.991

1881.

1,744

3,985

9741,700

458166

2,023

5,101

16,151

5757,553

The speculation in cotton for future delivery at this markethas been moderately active the past week. On Saturday the

danger that the troubles in Egypt were to be prolonged for anindefinite period and the reports of excessive rains in the

Mississippi Valley gave an advance to prices, which was Icat

on Monday, under improved crop advices and dull accounts

from Liverpool. But on Tuesday there was a fresh advance,

which was continued on Wednesday morning, on the very

favorable accounts from Liverpool ; but the early advance onWednesday was lost in the afternoon, under reports fromEgypt that Arabi Pacha was willing to make terms for a sur-

render. Yesterday there was a slight upward movement at

the close, the comparatively free notices for delivery onAugust contracts having been pretty generally stopped. To-

day the market was variable and the close irregular, with an

unsettled feeling. Cotton on the spot was active for export

on Tuesday, but has generally been quiet throughout the

week. The concentration of stocks in the United States at

tlus point draws to us what Uttle spinning demand there is.

Yesterday spots were again active for export to Great Britain,

and quotations advanced l-16c. To-day there was a, brisk

speculation, with a further advance of l-16c., middling

uplands closing at 12^ c.

The total sales for forward delivery for the week are 393,700

bales. For immediate delivery the total sales foot up this week12,013 bales, including 8,113 for export, 2,900 for consumption,

1,000 for speculation and in transit. Of the above,— bales

were to arrive. The following are the official quotations andsales for ?ach day of the past week.

July 22 lo

July 28.

1880.

6892,482

416512

1,473

792,073

3,100

10,859

4890.902

1879.

572230722803731

1351,076

2,503

4436,1.j6

1878.

238859289562415100651331

3,671

4260,090

1877.

181500123387195156601242

Ordiu'y-W>Strict Ord..Good Ord..Btr.G'dOrdLow Mldrl'KStr.L'wMidMiddUng.Wood Mid8tr. G'd MidMldd'g FairFair

UPLANDS. NEW ORLEANS. TEXAS.

Sat.

101 1610=8U'lell''8

12616129l8I25ll

13181338

lios

niou

10i,„1058in,8ll's125i8123,812\t3'8133813'814=8

Taea

101,81058nhalf8125i8129 1812%13%13%13'8115S

Sat.

105i,10^8IIII18

121a129,,12iai8131338I35gIlls14'8

Mon Toes

105,310%lli'ieI2i8129.612iai«1313381358im

105,810%1111,8I2I9129,,.

121^1813133813=8im11%

2,691

3958,828

Galveetan inoludea Indlanola: Charleston includes Port Royal, A-.Wmntagronlucludes Morehead City. Ac: Norfolk Includes City Point.Ac.

The exports for the week ending this evening reach a total<* 16,232 bales, of which 10,866 were to Great BriUin, 502 toFrance and 3,864 to rest of the Continent, while the stocks asmade up this evening are now 199,311 bales. Below are the•iports for the week and since September I, 1881.

Matport*

^iwa

—

GalvestonNew Orleans..

MobileFlorida

BavannnhCharleston *..

.

WUmtngtOD...NorfolkHew York..

BostonBaltimore.

.

PliUa<lelp'a.*c

Total

TofJil IR 1-91

Week Kndini July 33.

Exported to—

Oreat

Brtt'n.

3,960

8,889

189

1,2:8

i.eoo

lO.SW

S.S-23

88

T.5.2

Conti-

nent,

sov

3.884

2.»7.T

Total

Week.

i.OlS

7,906

189

1,590

1,600

15.2^2

3:) OHO

From Sept. 1. 1881. to Jitlu 2J, 18S2.

E-cportf^ til

—

Oreat

Brit<^in.

182,147

670,055

36.822

1,700

138,800

159,822

BS.584

311,879

131.305

153.691

91.681

87,183

2,324,673

2.'.7B S75,

France

15,145

273,. 73

6,313

17,23

23,77i

1,430

2.530

33.218

»6I

878,927

iw.;"io

Conti-

runt.

61,79J

223,3iM

3,231

182,7d5

13:,810

8,819

17,338

111,333

4

68,971

400

812,936

1.127,282

Total.

26ii.0»0

1.160,697

46,366

4,7 6

333.623

815,404

63.833

331,817

883.87b

183.695

181.513

87.883

3,506,6tt

4.456 387

laeludes cxporu tram Port Etoral Ac.

Ordin'y-^lbStrict Ord..Good Ord..8tr. G'd Ordliow Midi'sBtr.L'wMidMiddling...Good Mid..Str. G'd MidMidd'g FailFair

Wed Th. Frl. Wed Th.

101,8 10>8 103,8 105,8 10381058 1011,8 1031 10% 1016,8ll''l6 im 119,8 in'ib 11%11% 1110,8 12 12ifl 123,8V^o,r. 123a I'i'is 129, „ 12=8129,8 1258 1211,8 12IS,„ 12%12% l'213lfl 12% 13 131,6ISM 13-*18 I314 133g 137,81338 13' 18 1313 13ifl 1311,813% 13i5i6 14 11% 143,81458 1111 8 14% 14% 1415,8

Frl.

107,8111113,612'41211,61215,813%131a13%I41415

Sat. moo.

105,8 105,6L0% 10%LIII18 1111,812% 12%1'29|8 12»,8

1213,91213,8IH 13133R 133813=8 135814% 14%11% 14'g

Taea

105,810%mil*12%129,6121Sift13133s135»14%11%

Wed Tb.

105,6 103810% 1015,6Uii,n 11%12% 123,6129,6 12681213,8 12%13 13ii»1338 13' 1

8

1311,6135811% 113,8

1115,811%

Frl.

10^111HS,«1214

1211i«I2I01J13%13%13%11115

8TA1SED.

Good Ordinary..... ¥ lb

Strict Good OrdinaryLow MiddlingMiddling

Sat.

05a105e115,812>,8

Mon Toes

958105811=16125,8

958105811^16125,8

JXfeA

959105811°16120,6

Tb.

9>'l61011,611381238

Frl.

9%10%U7,«127,6

MARKET AND SALES

Bat..Mon .

Tuea.Wed.ThursFri. .

Total

SPOT M.VRKETCLOSED.

QuietQuiet and easy .

.

8te.idySteadySteady at 1,9 advSteady at 1,6 adv

8ALKS OF SPOT AND TRANSIT.

Ex-port.

4502,200453

3,4101,600

Con-sump.

Spec-ul't'n

317811341504111513,1,000

Tran-tit.

8.113 2.900 1.000;

Total.

3171,2612,544957

3,8213,113

fdtCres.

Sales.Delithcries.

27,20048,500|«6,20093,00065,40093,400

12,0131393.700

200300200200200200

1,300

The daily deliveries fflven above are actually delivered the day pre-vious to that on wliioh they are renorted.

Thb Sales and Prices of Futures are shown by the follow-

ing comprehensive table. In this statement will be found thedaily market, the prices of sales for each month each day, andthe closing bids, in addition to the daily and total sales.

July i29, 1883.1 THE CHRONICLE. 135

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•Includes saies m aepwuiDer. l»«l. tor September. 311.U00; geptem-bor October for October. 416,400; September-November for November,511,290; September December for December, 1,479,100; September,Janmry for January, 4,232,500; September- Febru.iry for February,2,230,100; Septembcr-MarcU for March. 4,411,100: September-Aprtl-for April, 3,533,800; September-May, for May, 3.295,800; SeptemberJune, for June, 2,779,700 ; also salea for Juu^ 1883, 200.A Ineliides for June, 1883, 400 at 12 51.B Includes for June, 1883, 100 at 12-51.Transferable Orders—Saturday, 12'75c.; Monday, 12-700. ; Tuesday,

12-80C.; Wednesday, 12-750. ; Thursday. l'2-80o.; Friday, 12-8.5c.Short Notices for August- Thursday, 12-74312-710.; Friday, 12-77«

12-83C."No Notice" for Auifust—Monday, 12 90c.; Tuesday, 12-90al2-88c.;

Wednesday, 13c.; Thursday, 12-90 812 89c.; Friday, 12-9.7al2-98c.

The foUowintr exchanges have been made dmrtog the week;•23 pd. to exch. 200 Sept. for Aujr. < 19 pd. to exch. 100 Sept. for Aug.-20 pd. to exch. 1,300 Sept. for Aug. I

-17 pd. to exch. 300 Sept. for Aug.ItO July for Aug. even. |

-17 pd. to exch. 800 Sept. for Aug.-79 pd. to exch. 1,000 Oct. for Aug. I -18 pd. to exch. 200 Sept. for Aug.-21 pd. to exch. 300 Sept. for Aug. |

-03 pd. to exch. .^OO Aug. for July,

Tub VisiBLB Siipplt op Cotton, a» made np bj cable andtelegraph, is as follows. The Continental stocks are the flgnree

«{ last Saturday, bat the totals for 3reat Britain and the afloat

for the Continent are this week's returns, and consequentlybrought down to Thursday evening; hfnce, to make the totals thecomplete figures for to-night (July 23), wt? add the item of exportsfrom the United States, iucludiug in it the exports of Friday only.

1UH2.Btookat Liverpool bales. 736,000etook at LoQdon 72,!t00

Tnlal Great Britain Itock .

Stock at fTavreStock at MarsellleaStock at JtarceloDft....Stook at numnurgStock at HremenStock at Amsterdam...Stook at RotterdamStook at AntwerpStook at other contl'ntal ports.

1881.730.00043,300

823,300199,000

3,70040.9005,440

3li,00042,0004.0003,330

11,200

1B80.745,000S8.300

803,3007 1 ,3007,830

59,1002,000

30,60017,1002.7101,320

24,800

1879,528.00043,060

S71,6io107,Cd0

2.00027,1004,000

21.30032,100

SOO100

6,500

Total oontlnental ports.... 227,800 340,230 226,666 200,600

Total European stocks.. ..1,036,300 1,169,530 1,020,960tndla cotton afloat for EuropeAmer'n cotton afloat for Eur poEgypt,Bra7,U,&c.,ant forE'r'peStook In United States ports ..

Stook in U. 8. Interior ports..

.

United Stetes exports lo-day..

Total visible supply 1.666,755 1,910.415 1,584,309 1,281,724Of the above, the totals of American and other descriptions are as (oUows-American—

Liverpool stock 426,000

322,00062,00021,000

109,31123.0143,100

280.000169,00017,000

237.75040.9266,200

19S.0O0104.00017,000

197,77749,6311,000

771,660820,00045,0008,000

123.09913,9661,000

Continental stocks 60,000American atloat for Europe. . .. 62,000Dnited States stock 199.311United States latorior stocks.. 23.044United States exports to-day.. 3,100

Total American 793.455 1.325,885 977,108 720,06i

597.000255,000lliO.OOO237,75940,9266,200

505,000120,000101,000197.77749,0311,000

337,000151,00045,000122,09813,9681,000

Sast Indian, Brazil, ite.-

Liverpool stock 310,000London stock 72,500Continental stocks 147.800India alloat for Europe 322,000Egypt, Brazil, &c,, alloat 21,000

193,00043.30091,2)0

280.00017,000

240,00058.300100.6601 85.00017.000

141,00043.06040,600

320,0008,000

Total East India, Ac 873,300 614.530 006.960 501.660Total Amerloan 793,455 1,323,885 977.408 720,064

Total visible supply 1,660.753 1,940.415 1,584.368 1,281.724PfioeMld. Upl., Uverpool .... 7"ijd. eiSurt. ei'iert. 6>«d.

t^The imports into Continental ports this week hare been49,000 bales.

The above figures indicate a decrease in the cotton in sightto-night of 273,660 bales as compared with the same date of 1881,an increase of 83,407 bales as compared with the corres-ponding date of 1880 and an iricrease of 355,031 bales as com-pared with 1879.

At thb Intbrior Towss the movement—^that is the receiptsfor the week and since Sept. 1, the shipments for vhe week, andthe stocks to-night, and the same items for the correspondingperiod of 1880-81—is set out in detail in the following statement:

E E i|"^ - £l — (9 O ^ SB

2SG«<'i»-OnQ<£!-DZgOBi:SO».

gc-'^.SSw- S T o C3 H -•^2 eg

COCjIt^- • •

WtOO — 13- M*-Wr-.

COCO ra tou ta 01 1-*

aorfk.o»_oc3pa«

o -'I #- :d ^1 woh- CD o w cr tci to

UU MM CO t-iMQD-^]wac»ocji^tccoai>-*(3c;fU-^icoc)OOiQO^toco ro enM^ M o: f^^^Oi 5i cc c. o to •-

CJ'OiMTDoVoDViboV'o'XcVVslcMVaoM^-.i:Dyicoxoi*.o'3iput;3iOoy — COMO»MK-c;iao«ooccD(»*ifr.*'CC>*k'i"xcaoi

^ ento M

to

cDXKtooaocoOi Ol CO #- to ^ o

OOCO* 10* CO^it t»k.

COOOO W: »0 Ot»o; CCOOUliXMODUaiOiO- »• )Ui^too<> o^AibiOocooifhto

fcjrfk. M CO** tOMo<ow»(k.-j *-• icto o'coG?a'*awM

10

CJi 3 03 <4 CO CO COCCOQOOMCIO

eo CO to toM ^1 toWUICOO'-JOiOM',DCOWlo%bsCO -J --J — 01 If* '-'

(Si. C It- If- -1 ^ 0>

W JtO

*» OOOOCn*-I-l<IOOS M*>---lCCiO«0

OW»-"-'tO toco »-»'v)0»t-» M McolOOO•oorc;ltoost^^lO•-«-»o^^U|^.^oo;(»QCMO f»» CO Oa 1^ Oi •^ O* lb* if> CO CD <- QOO O)

coco f-M M *. ^ ^tOtccDU»O^^W«»^^cooDW**aDCluo^3;•-o'-'COMajOOO''---ic«:i— w :;t •j>in_CD-i wc-^biOMtooVtocs'^i'obt—^l'^^CD^DCl%-Mccr-3:cD^o^occtotCtt-•v^co«ooccl^:Dwrf». *».M a. 00 U> 00 >— OlO O" CO *4 O "- 06 •«* CO to

o<(-«M^C0M* tooi ot oi c; to 00w »-*

c-jooi*--^; toajo:o»*JO'U'^'-'COs»MOOCPWCfl. CnMCCCrtCCOCOC;>OiO<CDM

CX-COtOtOtOMM ibi

lO<ICDtOCOMO CO^•viQoytOJMO Cjli

OlM #. M CO'-'^MtOh-'tO.

t03> w-s CDCO*».to*- ceoVrf-CoVjCOOl"-MOCTOOKB-COit*- — M-i;S'iC0O*l<ltD

§3

15.*5-

^=•1

I:*

10 »•

" These are only the net receipts at Louisville. The total grott reoeiptsthere since Septomlicr 1, 1881, have been about 3'.>3,000 bales, againstabout 205,000 bales for same lime last year.

t This year's tlgures estimated.

The above totals show that the old interior stocks have de-creased during the week 3,263 bale.;, and are to-night 29,449bales less than at the same period last year. The reoeipts atthe same towns have been 4,123 bales less than the same weeklast year, and since Sept. 1 the receipts at all the towns ar«589,160 bales less than for the same time in 1880-81.

Rbckipts from thb Plantatiohs.—The following table ia

prepared for the purpose of indicating the actual movement each

13(> THE CHRONICLE. [Vol. XXXV.

week from the plantations. Receipts at the oatporta 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 orflouthern consumption; they are simply a statement of theweekly movement from the plantations of that part of the cropvhich finally reaches the market through the out-ports.

BEOEtPTB FROM PUINTATIONS.

Wetk lUcHpt^ at t}u Porta. St*k atlnterior Tmona. Bec'j>t«/rom Plant'ru.

mUmo--1880. 1881. 1882. 1880. 1881. 1882. 1880.

12,183

ISSl. 18S2.

M»y Vi 24.ese 49,150 25,881 189.783 194.662 127,630 28.559 10,184

19 26.614 42.415 20.864 l-«.823 174,809 115,435 9,574 22.562 8.669

" ae 23,764 SH,851 13,981 153.917 147.4TO 104,018 4.88S 6.5151 2,564

Jnne t 2S,AT4 82,642 15.850 140,127 136.470 93,585 9,854 21.639 5,617

» .... 18,SS0 29.432 15,624 128,764 109,380 83,394 2,217 2.342 5.433

16. ... 19,870 28,218 18.658 103,909 96.917 72,408 16 15.785 2.678

• 28 23.611 23.478 13.869 S7,8a) 9l,iJ80 59,550 7.435 17.75« 1.011

'• SO 17.057 20.602 9.388 81.179 78.617 50.417 10.403 8.049 155

July 7 14.070 1B.163 9.586 77.036 72.391 42,843 9,027 12.937 2.012'• 14 10.691 18.199 8.142 70,749 74,003 85.454 4,404 19,811 753• 21. 13.148 19.382 9.160 £9.682 65,756 31,622 2,081 11,115 5.318•' 28 10,859 16.151 6.126 62,605 68.277 28.276 3,082 8,672 2,780

The above statement shows—1. That the total receipts from theplantations since Sept. 1, in 1881-82 were 4,637,842 bales; in

1880-81 were 5,776.997 bales; in 1879-80 were 4,928,409 bales.

2. That, although the receipts at the out-ports tie past weekwere 6.126 bales, the actual movement from plantations wasonly 2,780 bales, the balance being taken from the stocks atthe interior towns. Last year the receipts from the planta-tions for the same week were 8,672 bales and for 1880 theywere 3,682 bales.

Amodht of Cotton in sianr Jclt 28.—In the table belowwe give the receipts from plantations in another form, andadd to them the net overland movement to July 1, andalso the taking't by Southern spiuners to the same date, ao as togive substantially the amount of cotton now in sight. We shallcontinue this statement hereafter, bringing it down to the closeof each week.

Receipts at the ports to July 28 bales.Interior stocks in excess of Sept. 1 on July 2d.

Total receipts from plantationsNet overland to Jul.y 1Boutbern consumption to July 1

Total in sight July 23.

1881-82.

4,654,991•17,149

4,637,S42464,3.38229,000

5,331,178

1880-81.

3,7.57,55819.439

5,776.997309,799195,000

6,481,796* Decrease floiu Septeiuoer 1

.

It will be seen by the above that the decrease in amount in sightto-night, as compared with last year, is 1,150,618 bales.

Weather Reports by Telegraph.—The weather the pastweek has been generally favorable for crop development, butin Alabama and portions of Georgia there are some complaintsof too much rain.

Qalveston, Texas.—We have had shovrers on four days of

the past week, the rainfall reaching sixty-three hundredths ofan inch. Nearly every section of the State has had enoughrain and no more is wanted for the present. Crops are verypromising. Picking had been retarded by showery weather,but has started througliout lower half of the State. Ninebales of new cotton have been received thus far. The ther-

mometer has averaged 82, ranging from 75 to 89.

Indianola, Texas.—It has been showery on four days of thepast week, the rainfall reaching eighty-seven hundredths ofan inch. The showers were beneficial locally, but in the in-

terior they were not needed. Crops are very favorable, butdry weather is desired. The thermometer has ranged from 73to 93, averaging 81.

Dallas, Texas.—It has rained hard on two days of the past«veek, the rainfall reaching two inches and sixty-five hun-dredths. We are having too much rain, no serious damagehas been done, but we want dry weather. Crops are good.Average thermometer 80, highest 95, lowest 64.

Brenham, Texas.—Vfe have liad very beneficial showerson three days of the past week, the rainfaU reaching one inchand forty hundredths. We have had enough rain for thepresent. The crop is developing promisingly. The thermom-eter has averaged 85, the highest being 101 and the lowest 68.Palestine, Texas.—It has been showery on one day of the

past week. Crops are splendid. The thermometer has aver-aged 80 ranging from 68 to 92, and the rainfall reachedtwo hundreUtliB of an inch.Huntsville, Texas.—U has rained magnificently on three^ys of the past week, the rainfall reaching two inches and

thirty-one hundredths. At last we have enough rain Pros-pects are first class, notwithstanding some damage by therecent drought. The thermometer has ranged from 68 to 96Averaging 83.

'

I Weatheiford. Texas.—It has rained on two days of the pastweek (almost a deluge), the rainfall reaching three inches andlorty-two nuaoreatJus. We are having too much rain; proba-

bly no serious damage has been done, but dry weather iswanted. Average thermometer 75, highest 95 and lowest 54.Belton, Texas.—We have had showers on two days of the

past week, which were very beneficial, and the indications arethat they extended over a large surface. Crop accounts aremore favorable. The thermometer has averaged 78, the high-est being 92 and the lowest 63, and the rainfall reached oneinch and eight hundredths.LlMng, Texas.—It lias rained hard on one day of the past

week. No serious damage has been done, but no more rain is

wanted. Planters are becoming very nervous about cater-pillars. Picking is progressing. The thermometer has aver-aged 81, ranging from 64 to 97, and the rainfall reached oneinch and fifteen hundredths.New Orleans, Louisiana.—It has rained on six days of the

past week, the rainfall reaching two inches and fifty-nineniindredths. The thermometer has averaged 78.

8hreveport, Louisiana.—We have had generally fairweather during the past week, with two light rains. Therainfall reached seventy-eight hundredths of an inch. Cropsare in an excellent condition. The thermometer has rangedfrom 69 to 93.

Vioksburg, Mississippi.—Telegram not received.Columbus, Mississippi.—We have had rain on two days of

the past week, the rainfall reaching one inch and four hun-dredths. The thermometer has averaged 79, the highest being93 and the lowest 68.

Little Rook, Arkansas.—The weather during the past weekhas been fair to clear and dry. The thermometer has rangepfrom 63 to 90, averaging 77.

Memphis, Tennessee.—It has been showery on two days ofthe past week, the rainfall reaching thirty-four hundredths ofan inch. Average thermometer 78, highest 90, lowest 67.The weather was showery during last week, and the rainfaJJreached one inch and twenty hundredths. The thermometeraveraged 78, and ranged from 63 to 91.

Nashville, Tennessee.—It has rained on two days of thepast week, the rainfall reaching twelve hundredths of aninch. The thermometer has ranged from 61 to 91, averaging

Mobile, Alabama.—It has been showery on six days, andhas rained severely on one day, of the past week, the rainfallreaching one inch and fifty-two hundredths. We are havingtoo much rain, and crop accounts are less favorable, althoughthe crop still continues to make good progress. The ther-mometer has averaged 77, the highest being 89 and thelowest 69.

Montgomery, Alabama.—It has rained on everyday of thepast week, and when not raining it has been cloudy. We arehaving too much rain, and if it continues much damage is

feared. We hear rumors of caterpillars, but think them ofveiy little importance as yet. Average thermometer 75,highest 91 and lowest 64.

Selma, Alabama.—We have had warm, sultry and wetweather during the past week, with rain on five days, the rain-fall reaching two inches and thirty-two hundredths. We havehad pleasantly cool nights. The crop is making good progress.The thermometer has averaged 74.

Madison, Florida.—We had rain on three days during theearly part of the past week, but the latter portion has beenclear and pleasant. We hear rumors of the appearance ofcaterpillars, but think them of very little importance. It is

claimed that rust is developing badly. The thermometer hasaveraged 85, ranging from 73 to 98.

Macon, Georgia.—It has rained on three days of the pastweek, and the remainder of the week has been pleasant. Thecrop is developing promisingly. The thermometer has rangedfrom 64 to 87, averaging 75.

Columbus, Georgia.—We have had rain on five days of thepast week, the rainfall reaching three inches and five hun-dredths. We are having too much rain. The thermometerhas averaged 73, the highest being 90 and the lowest 05.Savannah, Georgia.—It has rained on five days of the past

week, and the remainder of the week has been pleasant. Thethermometer has ranged from 69 to 91, averaging 79, and therainfall reached two inches and thirteen hundredths.Augusta, Georgia.—We have had good general rain on five

days of the past week, the rainfall reaching one inch amd fifty-seven hundredths. The weather is warm and sultry. Cropaccounts are favorable and cotton is developing encouragingly.The grain crop is Urge and almost unprecedented. The ther-mometer has averaged 77, ranging from 68 to 93.

Atlanta, Georgia.—Telegram not received.Charleston, South Carolina.—Vfe have had rain on two

days of the past week, the rainfall reaching one inch andeighty-eight hundredths. The thermometer has ran^d from68 to 93, averaging 79.

The foUowing statement we have also received by telegraph,showing the height of the rivers at the points named at 3 o'clockJuly 27, 1882, and July 28. 1881.

New OrleikiiB Below high-water markMemphis Above low-water mark.Nashville Above low-water mark.Shreveport Above low-water inai k

.

Vieksburu Above low-watT mark.

July 2 7, '82. July 28, '81.

Feet. iTich. Feet. in«A.3 10 10

21 14 94 « 28 2 3 1

3>i 6 Miss ing.

New Orleans reported below high-water mark of 1871 untilSept. 9, 1874, when the zero of gauge was changed to high-watermark of April 15 and 16, 1874, which is 6-10th3 of a foot aboy1871. or 16 feet above low-water mark at that poi nt.

Jolt 29, 1882.1 THE OHRONICJ^E. 137

CoifDiTiOH OF Cotton.—The following we take from onr ex-

changes, and they indicate the condition of cotton the latter

part of July :

North Carolina.—In Washington and Cumberland Countiesthe warm weather and late rains have done mach good, andeotton is progressing finely.

The Weldon (Halifax Co.) News says :

"Crops are ImjirdViiiK every (lHy,aU(I with saltablo weather there willbe an ayerage yield in tbia seotiou. both of cotton and corn."

Alabama.—The Mobile Price Current of the 22d inst. says :

"Rainy weather hai prevailfd tlirouKhoiit the interior during the paatweek, and, whlln no nmterinl Injury has yet reHUlted to the crops, therel« apprehensliMi of dannit;it should the rains continue for auot .cr week.The present eondition of both eotton and corn is very satlsraetoiy, andthe i»ro»pectof lar«o yields uniisiiaily cnoouraKluR. Tliere are rumorsof the apiMutrHnee of cotton worms in a fow counties of Alat>.'ima andHlssis.sippi, l)Ut such reiiort.s receive uo serious attention.""Tile first open boll of eotton this season was reported on fie 12th

Inst., from Wilcox C»., Ala., and exhibited at the Cotton Exchange byMessrs. B. Kahn & Co. The flrst bolls livst season Were reported ou theI5tii July from the same county by the saiuo parties."

Messrs. Jno. W. Tulis & Co. of Eufaula, Ala., under date ofthe 20th inst., say :

" The situation hero is unohauged', and the cotton plant is growingand taking on fruit tlnely, the occasional showers we arc having k jcp-iug tlie plant in a vigorous, healtliy condition, and eiiuslng it to retainthe fruit it is taklug ou. So far wo have hoar 1 no comiilaint of sheddingor of caterpill rs. To sum ui> too whole situation, we consider the cropin this section deyelopiag euoouragiuKly, with good prospoeta both for afair yield In quantity aud an improvement lu staple as compared withlast year."

to the New OrleansMississippi.—A sp?cial from YazooTimes-Democrat, dated July 22, says :

" Fears are entertained that the continuous rains will damage thecotton crop, which promises to bo tine."

The Jackson (Hinds Co.) Clarion says :

"The crops of both corn and cotton are splendid. Cotton is growingfinely under the lufluonco of the warm sunshine we are having, andwith a pertoct staud all over the county our planters can reckon onnwre than an average cro|>, although it is somewhat late."

The Batesviile (Panola Co.) Panolian of the 14th inst. says :

" The cotton heretofore has been growing almost alone—that is, thegrass (lid not sociu to keep pace with the cotton, but the recent rainsnave changed all this, ancf the grass, from simple little spears, has sud-•Uenly spread out into a woU-Jointed green floor."

Arkansas.—1\x« Forest City (St. Francis Co.) Times of the15th inst. says :

" Both corn and cotton crops are gowing so flnely that we can't helptelling the people • way off."

"

The Des Are (Prairie Co.) Appeal of the 14th inst., says:"Good nains all over the county and crops fine. The early corn is about

made; cotton is growing very fast."

Louisiana —The Louisiana pr^-sssay of the crop :

Columbia (Caldwell Parish) Herald: "Flattering reports oome from4|U parts of our pHrlsh couceruiug the crops. Though continued drought•dill them some injury, a much larger yield, both of com and cotton, willbo raali/.ed than that of hist year.''Point Couiiee (Point Cnupeo Parish) Banntr : "The cotton on all the

OTertlowed lands wlii<'.h escnpeil inundation from the second rise is re-markably duo for its age, and with a moderately late fall aud no cater-pillars, will make at leiist a bale lo the acre."Alexandila (Kapides Parish) Exprcsn : "The crops throughou*; the

parish are good, cotton is doing wed and promises a good yield."

Texas.—First bales of late become quite common. Theywere received at the following places on the dates named: Bas-trop, Bastrop Co., July 22; Brenha in, Washington Co., July20 ; Bryan, Brazos Co., July 19 ; Columbus, Colorado Co., July21 ; Ellinger, Colorado Co., July 21 ; La Grange, Fayette Co.,July 20 ; Marion, Gaadalupe Co.. July 21 ; Navasota, GrimesCo., July 20 ; Weimar, Colorado Co., July 19.The condition of the crop in various sections is shown by the

following specials to the Galveston News :

Riverside, IValker Co.—Jn\y !7.—"Farmers in this vicinity seem con-fldent that more than an average crop will be made."Kopperl—July 1 , —"The cotton is Immense, and the fields are all clear

of grass and weeds. "_Marsliatl, Harrison. OouiUij—JulylS—"Cotton was never bettor."iretmur, Oulorudo Counly—,]uly ;:)—"Cotton here is of good grade

and will soon bo coming in regularly. We have had several fine rainsaud good crops are assured."Marion, Uiuidalupe (Jo.—July 21.—"Cotton is lu splendid condition.

There are prospects for a very heavy crop."Mexia, Limestone Co.—July 21.—" We have had an abundance of rain.

* * Prospec.s are good for making more cotton than will be gath-ered.Aiutin, Travis Co.—July 22.—" Cotton reports from the country are

favoi-4tble. • • * Prospects are fair for a much larger yield than lastyear, piokingis progressing, but a lack of hands is anticipated duringthe seasoo."Bastrop, Bastrop Co.—July 22.—" Both the cotton and the corn crops

are splendid."Dallas, Dallas Co.—July 22.—" Cotton has made rapid progress in

growth, both iu weed and in fruiting. It is au average of waist liighaud could not well look more hoiilthy or vigorous."

Ellison & Co.'s Circular fob Jolt.—We have this week re-

ceived Mr. Ellison's circular dated July 10, and give it below:

ConKSE of the Manchester Mabkbt, June 9 to Jolt 10.

The business done dnting the past month has fallen muchbelow the volume attained in May ; but the contracts thentaken and the upward tendency of the raw material have keptprices firm, and in some instances enabled producers to estab-lish an advance. Fine yarns have been exceptionally influencedby the Kgyptian crisis, but at the close they are distinctlylower than the figures toucht-d at the highest point. Com-pared with the races current a month ago, the medium countsof yarn show an advance of >^d. for weft and J^d. to \iA. fortwist; but the current makes of shirtings are unchanged andthe position of manufacturers is very unsatisfactory, ahirtingsare about the same price as thsy were twelve mouthe ago ; in

some instances they are rather easier, while the yams ont ofwhich they are made are from %d. to J4d. per lb. higher.

Movements dihuho thb Sbasoh Ocjtobbr 1 to Junk 30.The deliveries to English and Continental spinners during the

first ninn months of the season c impare as follows with thefigures for the corresponding period of last season :

N». of bales .

.

Av.wght (lbs)

Tot.wght(lli»)Bales of 400lbs

Ortat Britain.

1881-82.

2,714,210432

1,172,538,720

2.931,000

1880-81.

2,4S2.I904.->0

1.091,335,000

2.728,000

Oonthtent.

1881-82.

2,418,660421

1,018,255360

2,515,000

1830-81.

2,323,150432

1,003,600,800

2,509,000

For the whole of last season the averatre weekly consump-tion of Great Britain was 68,692 bales of 400 lb.s. For the firsthalf of the present season it was probably about 70,000 bales;for the second half it may reach 71,000 bales. We have adoptedthis latter figure for the past thirteen weeks, which, with 70,000for the previous twenty-six weeks, gives a total of 2,743,000bales for the first thirty-nine weeks of the season. The Conti-nental consumption for the whole of last season averaged 56,846bales of 400 lbs. each. For this season the average will prob-ably amount to from ."^g.OOO to 60,000 bales. Hitherto we harecalculated upon 59,000 bales, but a number of our correspon-dents think 60,000 nearer the truth. We have accordinglyadopted this figure for the flrst thirty-nine weeks of the season,whereby we reach a total of 2,340,000 bales.On the basis Of the foregoing estimates, the movements for

the thirty-nine weeks of this season and last compare as fol-lows, in bales of the uniform weight of 400 lbs.:

Surplus stock, Oct. 1 .

.

Deliveries to June 30..

SupplyConsumption, 39 weeks .

.

Surplus stock .fune 30.

Oreal Britain.

1881-82. 1880-81.

25,0002,931,0002,'

27,00028,000

2.956,000 2.755,0002,743,0001 2,65-J ,000

213.000) 103,000

Continent,

1881-82.

240,0002,545,000

112,0002.500,000

2,785,0002.340,000

445,000

1880-81.

2.621,0002.188,000

433,000

The excess in the mill stocks of Great Britain includes a con-siderable quantity of Egyptian and some East Indian cotton.Of the Continental stocks there is a much larger proportion thisseason than last in Russia, Austria. Italy and Spain, but asmaller proportion in other districts. The following table showsthat the channels of distribution have this season experiencedconsiderable changes—a fact which has caused many people tounderestimate the stocks at the Continental mills, the spinnershaving obtained supplies through new channels.

Deliveries to Consumees Octobee 1 to Jdne 30.

Hamburg ..»,...BremenAnistc'damRotterdamAntwerpHavre ,

MarseillesBarcelonaGenoa...Trieste :

Venice, Naples. &oRussia, <tc., directBaltic and minor ports from Qt, Britain.

Total 2.4 19.000; 2,3.'3,000 2,131,000

1882.

99,000339,0003!t,00077,000U7.000426,000'53,000j

143,000'139,(X)0|199,000155,000325,000308,000

1881.

107,000431,00060,00084,00096,000

440.00050,000152.000126.0O0149,000133,000294,000198,000

1880.

106,000297 00068,00067.000

110.000444,00060,000

14.S,000125,000150,000133.000270.00O153,000

The deliveries from Havre, Marseilles, Bremen, &c., are exclu-sive of re-exports to other Continental ports and to GreatBritain.

The supply for Europe, including surplus stocks at the mills,

compares as follows :

—

1882. 1881. 1880.

stocks Liverpool and London 950,000231,000297,000250.000213,000445,000

932,00v383,000217,000324,000103,000433,000

823,000238,000

Afloat for Great Britain 307.000232.000

Mill stocks. Great Britain 108,000Mill stocks. Continent 320,000

Total 2,386,000 2,392,000 2,028.000

Showing a deficit of 6,000 compared with last year, and an ex-^

cess of 358,000 bales compared with the year before.

Jute Butts, Bagoino, &c.—The market for large parcels,

shows but little activity, and buyers are few. The jobbingtrade has been good, however, and in this way quite a quan-tity of stock is moving. There have been sales of about 3,50e rolls

various grades, at 7^c. for 1>6 lbs., S^^c. for 1% lbs., 9^c for2 lbs. and 10c. for standard qualities. Butts are not wanted,except in small lots, the larger buyers being well stocked up.In jobbing parcels some 3,000 bales have been placed, and theclose is quiet, with sellers quoting 2 7-16@2 H-I60. for papergrades, and 2M@2^c. for bdgging Qualities.

Comparative Pobt Rboeipts and Daily Crop Movement.—A comparison of the port movement by weeks is not accurateas the weeks in different years do not end on the same day ofthe month. We have consequently added to o\»r other standingtables a daily and m':nthly statement, that the reader mayconstantly have before him the data for seeing the exact relative

movement for the years named. The movemeat «AQh IQontb

sinoe September 1, IS91, has been as follovrSi

138 THE CHRONICLE. LVoL. XXXV.

JtonMj/Xtetiptt.

Bept'mb'r

October.

.

BoTemb'rDeoenib'r

Juiuary .

February.

Marob...April .. ..

MayJane

Ytar Beginning September 1.

1881.

425,770837,349931,078983,440

543,912291,992257,099

147,595

113,57368.679

•tal year 4,620,487

Fgro'tage of tot. port

reeelptg June 30

1880.

458,478968,318

1,006,501

1,020,802

571,701

572,728

476,582

281,210190,051

131,871

5,681,231

96-72

1879.

333,643

888,492942,272

956,464647,140447,918

261,913

158,025

110,006

88,455

4,837,328

96-71

1878.

288,848689,264

779,237893,664

618,727566,824

303,955167,459

84,299

29,472

4,421,749

99-12

1877.

98,491

578,533

822,493900,119

689,610472,054340,525

197,96596,31442,142

4,238,246

97-62

1876.

236,868

675,260901,392787,769500,680449,686182,937100,10168.939

36,030

3,939,755

97-56

This statement shows that up to Jane 30 the receipts at theports this year were 1,060,794 bales less than in 1880-81 and316,841 bales less than at the same time in 1879-80. By addingto th« above totals to June 30 the daily receipts since that timewe shall be able to reach an exact comparison of the movemeutfor the different years.

Tot.Jn.30

Jiflyi...." 2....

< 5..

' 6..'• 7..

' 8..' 9..

'10..

•11..

'12..

'13..' 14.,' 15..' 16..

'17..' 18..

'19..

' 20..

21..

'22..

'23..

'24..

'25..' 26..

'27..

' 28..

1881-82. 1880-81. 1879-80,

4,620,487

2,405

B.

1,733

1,236

4641,395

2,353

1,168

8,

58C1,006

863685

5,334201

a.

2,250

1,220

581985

3,904

8388.

892

1,620

498638

1.710

Total 4,654,991

Feroenta,-e of total

port rei'Dts July28

5,681,281

3,402

2,701

8.

1.763

2,853

4,003

3,880

3,961

3.036

S.

2,731

3,222

2,761

3,015

3,101

3,169

a.

3,009

4,188

2,467

3,717

2,512

2,589

S.

2,625

2,076

2,720

3.179

5,754,596

9797

4,837,328

1,904

2,902

1,521

8.

2,621

1,530

1,761

2,068

4,563

2,232

8.

1,874

9832,187

783

2,632

1,1068.

2,502

1,531

1,190

2,897

3,322

2.665

8.

2,351

1,254

1,546

4,887,862

97-72

1878-79. 1877-78.

4,421,749343271

1,548

6294118.

1,112

3345633222873998.

409206255158

1,382

3808.

512521

406334

1,089

2898.

501

4,134,443

99-71

4,238,246

918970

1,176

7611,163

8408930

1,013

796674

1,031

3468,

834563793613

6334778.

772489711508

1,129

4478.

1876-77.

4,256,866

97-95

3,939,755

8.

1,541

1,864

848367914819S.

8157986344797267588.

3615728394159962398.

572603621314219201

3,956,333

97-97

This statement shows that the receipts since Sept. 1 up to

to-night are now 1,099,605 bales less than they were to the sameday of the month in 1881 and 232,871 bales less than they wereto the same day of the month in 1880. We add to the tablethe peroentages of total port receipts which liad been receired toJuly 28 in each of the years named.

Indu CJotton Movekbmt from all Ports.—The figures whichare now collected for ns, and forwarded b.y cable each Friday, ofthe shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,enable us, in connection with our previously-received report fromBombay, to furnish our readers with a full and complete Indiamovement for each week. We lirst give the Bombay statementfor the week and year, bringing the figures down to July 27.

ll01IBA.r EECBIPTS ASD SHIPMENTS FOR FOUR TEARS.

JTear

1882188118801879

Shipments this xoeek.

Great Oonti- _ , ,

Brit'n. nent. ""'«'•

9,0002.0003,0003.000

Shipments smee Jan. 1.

Qreat Oonli-Britain nent.

5,000!l4,000 705.00010,0001 12,OO0|2G0.OO0

2,0001316.000I 3,0001240,000

Total.

570.000511.000462,000305.000

: T1,275.000771,000808.000515,000

Receipts.

ThisWeek.

7.0006.0008,0004,000

SinceJan. 1

.

1,565.0001,113,0001.O3S.OO0763,000

According to the foregoing, Bombay appears to show anincrease compared with last year in the week's receipts of 1,000bates, and an increase in shipments of 2,000 bales, and theshipmenta since January 1 show an increase of 504,000 bal»js.

The movement at Calcutta, Madras, Tuticorin, Carwar, &c., forthe same week and years has been as follows.eALCDTTA. MIURAS, TDTtCORIN. CARWAR. RAHOOOK kVD KDRKACHBE.

Tear.

1882.1881.1880.1879.

Shipments this week.

QreatBritain.

4,0009,0004,000

10,000

Oonti-lunt.

1,000

5',6o6

Total.

4,00010,0004,000

Shipments since January 1.

Total.Qreat

Britain.

250,000160,000195,000

1.^.000 I 188,000

Conti-nent.

129,00061,00076,000114,000

379,000221,000271,000303.000

" The above totals for this week show that the movement fromthe porta other than Bombay is 6,000 bales less than sameweek laiist year. For the whole of India, therefore, the total ship,ments this week and since Jan. 1, 1832, and for the correspondingweeks and periods of the two previous years, are as follows.

gIPORTg -ro EnBOPB FROM ALL IMDIA.

SMomentsto atl Europe

from—

BombayAll other p'rt«.

1882.

Thisweek.

SinceJan. 1.

11,000 1,275,0004,000 379,000

Total 18,000 1,634,000

1881.

ThUweek.

12,00010,000

22,000

SinceJan. 1.

771,000224,000

995,000

1880.

Thisweek.

2,0004,000

SUieeJan. 1.

808,000271,000

6.000 1,079.000

This last statement affords a very interesting comparison of thetotal movement for the week ending July 27 and for the threeyearn u^ to date, at all India ports.

Alkxahdria Rbcbipts akd Shipmbhts.—Through arrangementswe have made with Me,S8rs. Davies, Benachi & Co., of Liverpooland Alexandria, we now receive a weekly cable of the mevementsof cotton at Alexandria, Egypt. The following are the receiptsand shipments for the past week and for the eoiresponding weekof the previous two years.

Alexandria, Egypt,July 27.

Beoeipta (oantars*)—This weekSince Sept. 1

1881-82.

2.831.7-20

1880-81.

2.0002,773,500

1879-30.

3.204.000

Esporta (bales)—To lAverpoolToC!ontinent ....

Total Europe.

This Since This Since This Sinceweek. Sept. 1. week. Sept. 1. week. Sept. 1.

245,900176,271

122,171

1,250 246,750154,074

1,250 400,824 466,750

291.280175,470

* A. oaQtar la 98 lbs.

This statement shows that the receipts for the week endingJuly 27 were cantars and the snipments to aU Europewere bales.

Manchester Market.—Out report received from Manchesterto-night states that business has been only checked by thehigher prices asked. We give the prices ot to-day below, andleave previous weeks' prices for comparison:

M'y26June 2" 9" 16" 23" 30

July 7•' 14" 21" 28

1882.

32» Oop.Twist.

a. A.938310939*10gi^aioisg^a^lOis958®10»499l6®10l499ia®10i4OSiaaiO^oiiaiois

99in®l0l4

854 lis.

Shirtings.

d. 8. d4'a®7 10i«

4^1®? IOI26 ®86 -3)8

6 -as412*7 IOI24>2a7 lOHi4i3»7 10i«

4»2a7 lOia6 88

Oolt'nMid.JTplls

A.0=86=86^6%6 '86^8

6I616

615i„7lie

1881.

32» Oop.Iwist.

SH lbs.

Shirtings.

d. d.859 a 9>i 6s^-a 912 68"8® 9126878 ® 9^68'a ® 912 6878 ® 03a9 -a 95sgie a 9%9% ® 9%9^8 a 9%

d. 8. d5»2a7 8i«

5'a'a7 81^5i«-a7 8h5ia»7 8I25ia®7 8%!5ifl»7 8>a9 -as9 -989 -389 «8

Oott'nMid.Upld»

d.51519

2:18

i^«63lB63lft63,8

65u6«18ei'ie6is,«.

The Exports of Cottox from New York this week snow adecrease, as compared with last week, the total reaching 7,805bales, against 8,243 bales last week. Below we give our usualtable showing the exports of cotton from New York and otherdirection, for each of the last foar weeks ; also the total export*and direction since September 1, 1881, and in the last columnthe total for the same period of the previous year

:

Exports OF Cotton (balbs) frow New York bincs Sept. 1. 1981.

Exported to~

LiverpoolOther British porta.

Total to Ghbat Bbitaik

HavreOther French porta

Total French

Bremen and HanoverHamburgOther porta

Total to North. Europe

Spain, Op'rto,Glbralt'r,&cAill other

Total Spain, dio

Grand Total

Week ending-

July July July July5. 12. 19. 26.

8.990 4,177 2,44119, 1,030

9,009 5,227 2,447

2,427

2,427

2,126

1,570

1,570

1,222),692i 1,0365891 1,133

586

586

2,204100

1,012

4,407j 3,391 3,34b

1,661I 203

15.843 10,188 8.-.i43

3,629

3.829

414

414

1,030500

2,032

3,562

7.805

Totalsince

Sept. 1.

409,83324,472

431,305

33,218

38,218

56.61521,49319.189

100,297

7.7993,239

11,058

583,878

Sa7neperiodprevi'uayear.

369,61121,016

390,637

36,5741,609

38,183

41,340•21,81839,319

102,177

11,7242,274

13,998

545.285

The FoLLowLfa are the RscBipra of Cotton at New York,Boston, Philadelphia and Baltimore for the past week, audsince September 1, 1881:

Receiptsfrom—-

N. Orl'ausTexas.BavamutUMobile .

.

Florida

.

S.Car'llnaN.Ciii-'liiia

VirginiaNorth, ptsTenn., &cForeign .

.

This year.

Last year

New York.

ThisISince

week. I Sept. 1.

1,227208611

29161

745

203

215,969130.611;214,174

7.337172,219'0,269187,889

2,682161,809

4,937

Boston.IPhiladelphia.

ThisI

Since This Sinceweek. \Sept. 1. week. Sept.1.

69

4,075j

3.9051

1,0101 1121,159 233

.676,829,863,22669

Xio,918,666

I—

2,212150,670

4.617|418.863

•170

470

1,130

31,363

80,675

9.1.8 19

Baltimore.

This Si7iceweek. Sept. 1.

596

451II

732

1,317

79,341

27,43719,16985,229

5621,716

3,127 236,148

2.5271261.671* 1,198,226 1 1,126,966 I 112,033

JtJLT 29. 18&a.J THE CHRONICLE. 139

Shippisq News.—The eiports ot cotton from the PixitedStates the past week, as per latest mail returns, hare reached15,728 bales. So far as the Southern ports are concerned, theseare the same exports reported by telegraph, and pablished in

the Chko:(ici.8 last Friday. With regard to New York, weinclude the manifests of all vessels cleared ap to Wednesdaynight of this week:

rolal baler.New York—To Liverpool, per steamers City of Berlin, 580

City of Brueeels, 345... .England, 921....myrian, 1,099....Servia, 881 3,829

To Havre, per steamer Labrador, 414 414To Bremen, per Btoamer Moscl. 1,030 1,030To HiimburK, per steamers Silesia, 200 Sucvta, 300 500To Anisterilam, pur steamers Atcsterdam, 201 Nomosis,1,731 1,932

To Kotterdam, per steamers Maas, 50 \V. A. Scholten, 50 100Nkw ORLEANS—To Uavro, per ship Llzzlo Moses, 4,502 4,502Baltimohk—To Bremen, per steamer Hermann, 1,345 1,345Boston—To Uverpool, per steamer MarutUon, 76 76PuiLADBLi'iUA—To Liverpool, per steamer British Prince, 2,000 2,000

Total ; 15,723

The particulars of these shipments, arranged in our usualform, are as follows: .

Liver- Bre- Ham- Ams- Botter-vool. Havre, men. burg, terdam. dam. Total.

Sew York 3,829 414 1,030 600 1,932 100 7.805N.Orleans 4,502 4,502Baltimore 1,345 1,345'Boston 76 76PhUadelp'a 2,000 2,000

Total 5.905 4,916 2,375 500 1,932 100 15.728

Below we give all news received to date of disasters to vessi-;l8

carrying cotton from United States ports, etc.:

At Baltimore, on July 25, a fin^ ooourred on a lighter loaded with cottonand to1ja«eo for steamer Ph<euioian. About 40 bales of cotton and5 hhds. tobacco wore thrown overboard, and the bala:co of thecotton, about 270 bales, damaged by water. Cause of the fire uotknown.

Cotton freights the past week have been »< follows:

Satur. Ifon. rite*. Wednei. Thurs. FH.

Uverpool, steam d. °3»8''52 332® '32 h23>^3a 76^?*lle4 784-3111^4 7u®13e4Do sall...d.

Havre, steam c. 38* %* 38* 389V 38®V 38®ia*

Do sail e. .... .... .... . ..> ....

Baemen, steam, .e. 'ie- "Sie' °16* ssav 38av 36avDo sail c. .... .... ....

Hamburg, steam.d. 6l6« °ie* ha' =16* 616* "iio-

Do sall...d. .... .... .... .... .... ....

Amst'd'm, steam.c. 5] 6* OlS* »!« 5l8»38* 6ieaV 6i8®3e*Do 8aU...(f. .... .... .... .... ....

Baltic, steam d. 7322.14* 733^14. '»i-a>H' v»* H' \*Do saU e. ....

Barcerna, steam.c. »1.* »18* »18' 9l6* »16* »18*

Do sall...e. .... ....

' Compressed.

LiVBBPOOL.—By cable from Liverpool, we have the followingatatunent of the week's sales, stocks. &c., at that port:

Bales of the week balesOf which exporters tookOf which speculators took..

Bales AmericanActual exportForwardedTotal stock -Estimated .

.

Of whICu A aeriean—Estim'dTotal import of the weekOf whicn American. ..,

Amouutalioat,

Of which American. ...

July 7. July li. July 21.

51,00065,000 72.0008.:j00 9,000 5,2006,700 12,000 3.500

41,000 42.000 31,0009,900 14,000 10. .500

12,000 11,500 5,700842,000 828,000 810,000492,000 487,000 470,00029.500 59,000 43.500113,000 46,000 23,500

294,000 238.000 203,00074,000 35,000 19.000

90,0004,700

19,50060,00013,0005,200

736,000426,000

9,0005,V00

231,00025,000

The tone of the Liverpool market for spots and futures each day of th -

week ending July 28, and the daily oloslug prices of spot cotton, havebeen as follows:

Bpot.Saturday Monday. Tuesday. Wednea. Thursd'y. Frtday.

Market,12:30 P.M

ilid.Upl'dP(aia.Orl'us

SalesBpoc.Aeip.

DnlJ.

6J5.

8.0002,000

Steady.

?!!'«7'8

12,0002,000

Unrdea'g.

615187ie

14,0004,000

Actlreand

firmer.

773l820,0007,000

Vina.

15,0003,000

Firm.

15,0003,000

Futures.

Market, /

12:30p.m.j

Market, }

4 p. M. j

Steady.

Klria.

Firm.

3te.iay.

Firm.

Firm.

rirm.

Steady.

Firm.

Barelysteady.

Quiet.

Quiet.

The actual sale.} ot rutitre..i at Ijivci'i»ool for the same week are givenbelow. These sales are on the basis of Uplands, Low Middling clause,unless otherwise stated.

BATUKDAT.Delivery. d.

July-Aug t>S9g4

Aug.-Sept 600^4I

July 6eOK4®«i«4I

July-Aug .. 6«o„4a'8:84iAug.-Sept.. li»0t;4a 82g^

I

Sept.-Oet C53ui I

July 6«2|)4July-Aug 682s4Aug-8eiite8S(n*33«4a>7Sept.-Oct.. .Uu^cii''°*(!4

Oct.-NOV 0*2o4

Delivery. d.Sept.-Oct 66384Oct.-Nov 6«)84

MONDAT.Oct.-Nov. . . 6*0,4311^Nov.-Dea 6381,4Aug-Sept 66»n4Sept.-Oct 66*84

TCEBOAT.Nov.-Dec 63»e4Jan.-Feb 6*084Feb.-Mar 6*284July-Aug t;8S84

8opt.-Oct 653e«

Delivery. d.July-Aug 660g4Aug.-Sept 08164

July 682e4July-Aug 68284Oot.-NOT 6*284Jan.-Feb 6*064

jHly 7Juiy-Aug 7Sept.-Oct «iiOg,

Oct.-Nov 6*'biNov.-Deo 6*f«j

July 7«7-01»-02July-Aug 7«7-02Aug.-Sept ...701»02Sept.-Oct. . . 66784®l>8g4Oot.-Nov... e*<e4 9*>«4

July 73,4»8,4July-Aug 7284*4„4Aug.-Sept.. ..72«4a««4Bept.-Oot.. .6"j4®6884

July-- ZJ«4*^*July-Ang 7364l»464Aug.-Sept .V7«n4Sept.-Oct. . .688g4-a6B„Oct.-Nov 6««84Nov.-Deo 6*»«4Deo.-Jan 6*8(4July-, 7«84®»84July-Ang 7S64

WSDHMDAT.Nov.-Deo 6*l«4Dec.-Jan 64>84Jan.-Feb d««64Feb.-Mar «*«,4

THajtSDAT.Oct.-Nov. .. 6*»64»*"84Nov.-Deo.. .6*»8*9*864Jaa.-Fob 64»6*July 7*84

FUBAT.Aug.-Sept 78«4Sept.-Oct 6»Se*Deo.-Jan 6*26*July-Aug T^e*Aug.-Sept 7»«4Sept.-Oct 68784Oct.-Nov 6*»c4Nov.-Doo 6*264Sept.-Oct 68*84

NoT.-Deo 6«t8.Aug.-Sept 7»««^Aug.-Bcpt 7««8Sept.-Oct 6»Tjt

May-Juno C'mJuly-Aug 78.4B«pt.-Oct attS*

Jan.-Feb ««t«4July

•Z.»*Aug.-Sept 7l«4Sept.-Oct 6»*«tOct-Nov 64*M

9*384«a,4Nov.-Dec 6*1(4Feb.-Mar. ..0**(4«*S«4

BREADSTUFFS.FEIDAT, P. M., July 29, 1883.

Flour has been quiet and depressed in sympathy with theweak wheat market, and also owing to the intense heat, whichcauses a deterioration in the quality of much of the stock here,especially spring wheat brands. To-day the market was still

dull and heavy.

Wheat has been active on speculation, and at times there hasbeen a good export trade; but the larger receipts at the Westand the unusually fine quality and heavy weight of the crop,

together with the splendid harvesting weather, have combinedto depress prices, and the decline for the week is from 5 to 8cents per bushel. To-day the market was irregular, opening

at an advance of ?^@lc., but losing this later, and declining M@lc., with a fair business ; No. 2 red sold at $1 13^@$1 15^for July, $1 \3}imi 15M for August, $1 14%@$1 16>^ for Sep-tember, $1 15J^@|1 17^ for Ootob'^r, $1 17^0$1 18^ for

November and $1 13J^@$1 15M seller the year.

Indian corn has been, a.s a rule, quiet, bat prices, thougli

early in the week depressed, have latterly been advancing in

response to a steady rise in Chicago, where speculative manipu-lations have caused the advance, aided by less favorable re-

ports in regard to the crop, which is said to need more rain.

These statements are treated as canards by many, but h&T«nevertheless influenced the course of prices. There has how-ever been a noticeable disinclination on the part of both ex-

porters and speculators here to engage in large transactions

lately. To-day the market advanced ^@lc., with a fair amountof trade; No. 2 mixed sold at 84i^c. for August, %a%@^h%9.for September, 85c. for October, 83c. for November and 79>6c.

seller the year.

Rye has been dull and declining. Oats have sold freely, but at

lower prices for the later deliveries, though July has advanced2c. to 3c., owing tp a corner both here and in Chicago; thetrade has been mainly in options, as the supply on the spot hasbeen moderate. To-day the market was fairly active at aslight decline in the later options, though prices on the spotand for July were higher ; No. 2 mixed sold at 68@70e. forJuly, 49^@50c. for August and 44^@44%c. for September. *

The following are closing quotations :

No. 2 spriug...» bbl. $2 70» 3 35No. 2 winter 270*340Superfine 3 403 4 25Spring wheat extras.. 4 759 5 SOdo bakers' 5509 7 50

Wis. & Minn, rye mlr. 5 90» 6 60Minn, clear and stra't 5 50a 7 50Winter Bhlpp'g extras. 4 50* 5 00Patents 700*

Wieat—Spring.per bu9h. 95 1M 13Spring No. 2 110 -iM 13Ked winter 105 ®1 15iaBed winter. No. 2 1 13'ssl lb\White

Com—West, mixodWest. mix. No. 2.Western yellow,.Western white ...

Southern wliite..

Southern yellow.Bye—Car lots

Boatloads{From the

1 05 ® 1 2

1

tjl * 86>385»4« 3G.... a95 a 1 0095 ai 1592 * 9573 a 7576 a 76

FLOVB.City Shipping extras. 86 009 8 25Southern bakers' andfamily brands 6 253 7 SO

South'u si Ip'g extras. 4 853 6 20Kye Hour, superUne.. 3 50a 3 90Corn meal—Western, Jfcc 4403 450Brandyuine, Ac 4 503 4 60

8 75IBuokw't flour.lOOIbs 3 ....

GRAIN.I Oats-

MixedWhiteNo. 2 mixed.No. 2 waite...

Barley

—

Canada No 1Canada brightBtat«, 4-rowe>lState, 2-rowed

Barley Malt-Canada 1 25State, 2-rowed... 1 07Stale, 4-rowed... 1 15

6370g;)

74

9 693 763 ....

8 76

3 ....3 ••..

3 ....

9 ....

314031 I2>fl

3122>flNew Xork Produce Sxefuinve ITMA'fi/.")

Receipts of tlonr and grain at Western lake and river portsfor the week ending July 22, 1882:

btuk.Flour,bbit.

At— (196 /6».)

Obloago 33,155Milwaukee 4J.739 159,535Toledo 6S3 410,385Detroit 2,5-.!3 74.632aevelaud 2,389 194,6008t, Louis 37,102 1,283.849Peoria 1,073 7.250Duluth 2,550 27,287

Wlieal, Corn,bush. bicsh.

(60 lbs.) (56 lbs.)

943,656 1,349,96630.4007t;,8o312,5429,650

214,210160,600

OaU, Barley,bush. bush.

(32/A».)(48(6».) (56;6».)314.296 1.429 22,04023.450 1^,260 9507,0138.115

17,600146.36096,600

700 420117 1,022

6,150 5,150

Total 123,514 3,101,134 1,854,251gune time '81. 157,603 1,198,6602,997,164

613,466 19,656 29,588714,317 20,246 20,138

140 THE CHRONICLE. fVou XXXV.

Total receipts at same ports from Dec. 26, 1881, to Jaly 22,1883, inclasive. for four years

:

1881-82. 1880-81. 1879-80. 1878-79.nonr bblB. 4,136.302 4,980.121 3,248,967 3.617,865

tVliMt bngh. 21.3,%8..')77 27,712.422 30.704.532Oom 47.390.300 67.182.913 87.980.603OkU 20,i)fi5.3'.)3 :J.t,279.135 17.192.285Barlev 4.80:J.120 3,973.898 2,938.954Ryp 1,182.673 899,555 1,262,781

37.265.46853.0J8 00716,061,8S82,424.4021,781.838

Wheal,bnth.

Total KralD .... 95.703,063 125.047,953 139.729.145 110,561.603

Comparative receipts (crop movement) at same ports fromAugust 1, 1881, to July 32, 1882. as compared with the pre-vious three years :

1881-82. 1880-81. 1879-80. 1878-79Floor bblB. 7,621,101 8,634,551 6,468,718 6,352.421

80,909,265127,969.85146,408.61011,861.7203,351,361

89.000,525126,671,13330,615.54010.451,6984,085,457

93,364.2341)3,098.40232.021.7009,566.1484,738.181

Wbeat ta«h. 46.363.158Com 106.422.335Oats 36.780.878Barley 12,124.819Kye 3,847,068

Total (O-aln... 205.538,278 270.500,837 262.824,353 23:3,7.^8.635

Comparative shipments of flour and grain from the sameporta from Dec. 2ti, 1881, to Jul.7 22, 1882, inclusive, for fouryears:

1881-82. 1880-81. 1879-80. 187H-79Flour bbls. 3,913,14J 4,936,260 3,067,630 3,830.134

In Store at—Peoriandlanapoll8tatuas CityBiltlnioreDowu MissUsippi.On rail

On lakeOn canal

Tot. July 22, '82. 10,942,368Tot. July 15, '82. 8.947.865Tut. July 8, '82. 9.624.412Tot. July 1, '82. 10.107,430Tot. June 24, '82. 10,555.416

67,300140,650447.120308,272

1,069,530l,3-">0,329463,000

Corn,buth.46.42031,80059,143

216.78V6,750

583,6731,372,812232.000

Oats.bMak,

22.6342,8009,064

Barley,bush.855

1,580t«8.71032,90657,133

Kye,bush.92,0572,990

21,817

3,770

• 34,325

19,528

15,4g6

6,021,954 1,187.2346,000.1.34 I,3l2,8t96,388.650 1,675,6286.965.867 1,84-). 2 108,13.5,326 l,9-.;6,495

Tot. July 23, '81. l5,'62l,64o l5,'y")l,'o73 7,'91oi563

100.817f.5.93272,943

108.568103.4.571,33,736

605.107617.237677.810725,670807.802117,028

' Malt,

Brports or ProvUlous.The following are the exports of provisions from New lork,

Boston, Baltimore, Philadelphia, Montreal, Portland and NewOrleans, for week ending July 22, 1882, and their distribution:

To—

"Tteat bush. 16.215.149• Com 41.680.170.C«« 10.513.369Sarley 2.107,216lUjo 1.403,0.52

28,879,76458,569,81719,290,9322,030.79J1,084.011

31,682,2-174,035,93517,300,3901,646.6711,106,491

33.904,34647.089,30812,236,6062,051,0881,718,3J9

'I'otal Kratn , 77.923,5)72 109,861,323 122,371,758 96,999,687

Kail shipments from Western lake and river ports for the^veeks ended

Floor bblB.

1882.TJeek

July 22.67,621

Wheat bush. 856,.o30Corn 220.966Oats 463.710Barley 3.770Hye 14,528

1881.Week

July 23.142,901

370,512989,114490,885

6.13011.149

1880.Week

July 24.90,954

548,873513,tOO409,07316,37038,204

1879.Week

July 2693,620

697.621431,216349,16018,.55348,715

Total 1,564,504 1,868.110 1.526,180 1,545,265

Bail and lake shipments from same ports for last four weeks:Rye,Week Flour,

ending— oois.

July 22. ..110,107July 15... 88.414Joly 8... 94.790July 1... 136.721

Wheat,bush.

2,''.58,131

943,331524,114659,677

Oom,bush.

1,171.7861.061.6.57905.218

1,230.6 ;6

Oats,bush.

51 3.196398,504435,87532.^.97l

Barley,bush.3,7707,9534,907

19,39i>

bash.14.52823,44312,21526,117

rot., 4 wk8.430.0324w'kg'81..685,632

4,385,253 4,389,297 1.913.5464,938.451 11.863.583 2,012,108

36,02644.919

76.32337,276

Kecoipts of flour and grain at seaboard ports for the we>-kended July 22:

LondonLiverpoolSlasRowBristolHullAToumoutU..W.HartlopoolHavreMarseilles.. .

AntwerpRotterdam...Amsterdam..HamburgBremenGerman portsItaly8. America ..

Central Am..MexicoBrazilCubaHaytlSan DomingoWest Indies..Brit.N.A.Col.Ad'icaAtlantic 1$. .

Total week .

.

Prev's week .

Pork,bbls.

721

30

20

26554

36579685

354127

"151

Feef,bbCs.

Lard,lbs.

155457413

140

10

1005060

16638

80428

14270

'30

102.5001,689.6.50

68,17157.00012,000

181,25069,65899.000

356,000213,000

5,000107,750174,90065,00410,0002,000

139,73399,96221,250

Ba4Mn,lbs.

1,016,80831,22532,47660,2068,4006,0001.772

2,8J2|2,907

1,961690

4,6Jl,/lo7,184,259

191,4254,347,401502,53042,275

390,925

190,900

12,0008,000

9,8206,443395446

173,4603,4836,4917,8H.5

(iOO1,(I3>'

8.062

5,903,. .O-4,764,786

Cheese,lbs.

114,8405,859,442920,176330,880137,-280

184,950

19.88110,912

932

i',277481

4,8231,326

7,78o,il!u6,349,710

Tallow,lbs.

4,ooe148,123

160,000

2,200617

70i»

12.466

328,115601,829

Flour,At- bbls.

New York 89.363Boston 43,353Portland 1,500Montreal 23,599Philadelphia... 8,520Baltimore 12,923New Orleans

Wheat,bush.

876,61081,030

142,933135,230552,300

Oom,bush.

308,74306,5952.8004,900

79,20110,500

Oats, Barley, Rye,bush. bush. bush.

174,800 530 35.18083,431 1,4001,6007.129 900 4.760

34,iO020,000 500

Total week... 179.258 1.808,123 473,738 341,210 1,450 41,810Oor. week '81. •J12,711 2,754,947 2,910,294 53'J,973 3,220

Total receipts at same ports from Dee 26, 1881, to July 22,1882, as compa-ed with the previous three voars :

1881-82. 1880-81. 1879-80. 1878-79.•riour bbls. 6,019,303 7,323,329 5,070,250 5,477.770

Wheat bush. 22,030,233Com 20,32.3,492Oats 13,770,517Barley 2,232.533«ye 984,907

48.891.105 53.837,378 53,061.62163,429,^94 88,073,370 68,196,78915,29 4,203 13,393,952 11,937.8112,023.383 1,586,817 1,731,937832,708 887,727 2,135,774

TotaUraln .... 59,902,672 130,334.193 137.781,244 137,363,932Exports from United States seaboard ports for week ending

July 22, 1882:Flour, Wheat,

Vrom— bbls. bush.New York 73,970 1,105,227Boston 20,492 40,902^PortlandMontreal 4,884Philadelphia. . 350Baltimore 4,913New Orleans

Corn,bush.38,277

64

171,33849.868

277,863

25,367

Oals,bush.2,773

40

750

Rye,bush,40,639

Peas,bush.10,778

50.064

Total for w'k 104,609 1,645,198 63,703 3,563 40.639 60,812Same time '81. 125,168 1,384,309 2,224,118 156,519 12,000 25.423The visible supply of grain, comprising the stocks in granary

«t the principal points of accumulation at lake and seaboardports, and in transit by rail and water, July 22, 1882, was astollows:

In store at—Kew York

Do. afloat (est.)

AlbanyBuffalo 362.203Chicago „ 1,163,355

Wheat,bush.

2,380.282578,000

BlilwaukeaDuluthToledoDetroit ,

OeweKOJBt. Ix)ui8BostonToTOatoMontreal ....

FbUadelplila

677,700245.254346,90554.41390,000

802,12694,038

136,87969,01889,894

Com,bush.

1,115,090150,00029,000372,938

1,230,16528,322

Oats,bush,

205,037150,000

9.5001,.500

41,175975

Barley,bush.1,0211,100

7,42016,162

By,bush.

257.3685,600

35.5008,500

70.98527,o83

55.74620.014173,000212.16731,715

3,8165,553

8.28141,077

51,29553.9782,50919,07747,972

3,5952,132

29,2215,1331,493

3,3301.3102.836

34,o56

THE DRY GOODS TRADE.Fkidat. p. M., July 28, 1882.

The dry goods trade was moderately active the past week,although operations were checked to some extent by theextreme warmth of the weather. Further progress was madein the distribution of such autumn fabrics as dress goods,flannels, blankets, shawls, cloakings, etc., and there was a goodsteady business in prints, domestics and woolen goods, thoughno very large transactions were reported. Buyers from nearlyall parts of the interior are present in great force, but they areoperating cautiously, and there is not the least tendencytoward speculation. There is, however, a very sanguine feel-

ing in regard to the future of business, and a good, healthyfall trade is confidently expected even by the most conservativemerchants. Values are steady and unchanged, save in the caseof ginghams, for which extremely low prices have been madeby manufacturers' agents.

D iMESTio Cotton Goods.—The exports of domestics for theweek were 3,327 packages, including 1,807 to China, 345 to

Brazil, 344 to Great Britain, 280 to U. S. of Colombia. 241 to

Hayti, 81 to Argentine Republic, &c. There was a good steady

demand for moderate lots of plain and colored cottons, in whichall seasonable makes participated, and agents continued to

make important deliveries of brown good.s, cotton flannels,

denims, ducks, grain bags, &c., on account of former orders.

The tone of the market is very firm, and some additional makesof bleached goods, wide sheetings, denims and bags have beenslightly advanced by agents. Print cloths were in gooddemand at 3Jgc. less ^ per cent for 64x64s, and 3?^c. for 56x609,

with considerable transactions at these figures. Prints werefairly active, and a decline in standard ginghams to 8c. peryard stimulated their distribution to some extent.

DoMBSTic Woolen Goods —The demand for woolen goodshas been spasmodic and irregular, but in some descriptions

there was a very fair movement. Men's-wear woolens were atrifle more active, but selections were chiefly confined to rela-tively small pircels of cassimeres, suitings and overcoatings ofthe better grades. Cloakings met with considerable attention,and a pretty good business was done in sackings. Flannelscontinued to move freely, scarlets and dre.ss ttiinnels havingbeen in noticeably good demand. Dress plaids and linseys

were also in fair request, and worsted and all-wool dress goodswere taken more freely by out-of-town buyers. Blankets, bothwhite and colored, met with considerable saloa at steady prices.

Jlltt 29, 18S2.J THE CHROJSIOLE. 141

and leadine makes are well sold up. Kentucky jeans ruled

qaiet, but Tow prices enabled agents to dispose of some large

fots of hea^ y doeskins. Carpets were in moderate demand andfirm, and there was a freer moTement in hosiery, knit under-wear and fancy knit woolens.FoREioN Dry Goods have shown a little more animation, and

buyers for some of the more remote markets have made fair

selections of goods adapted to the coming season. Cashmereswere in better request, and silks and millinery goods have re-

ceived a fair share of attention. Linen goods were mostlyquiet, and laces were dealt in moderately ; bnt there was moreinquiry for hosiery and gloves. Men's-wear woolens were in

limited request, but mohair linings and Italian cloths met withfair sales, and velvets and plushes wer:; more active.

Impart.ition8 of Dry Goods.

The importations of dry goods at this port for the weekending July 27. 1882, and since January 1, and the same facts

for the corresponding periods of 1881, are as follows:

i§ It Manufaotui

WoolCotton...811k

Flax

Uiscellaneo

i

ManufaoWool..Cotton

8ilk....Flax..

Hlacellai]

8;g:

si : gB o

:

g:g; ; 1 ; 1 g

S;:

o 1g;

I1

; g

:i i : : S.

»: ; i i"

: : : : : aJ F*: ! * ! r:

:3^1 ^ CJltO CB h-'Mi-'t-' y VK1 aoi p-Oi'-'W**- O) ac- CbCOMiOCO ^ a >b- CO to CO to ^

l-s^ sr-K-OO-JCO ta lO CO CD 00 to 00

>•

to CDC0OC»C3 4a

*" co^ »o »o ff. i-*O n to coco w.o'=-xeq

00

gt7 M»—»—MI-' K

»0 to to

OCn Otf»- M M o MtOOt^Cn:? •^& K

f< <lCi i^Otooco mODW^OIO gCO •^os

3to tt^t^' Cf) l^>>^ 4- xSo COtv *1 CO -J (fc.0t01CCl

K

Si

to Crt UO 'J>OX jX3 n

tOMO'tUK. _ o -1 to X -IX CD 2

sKtC tOOOCOCD 5 to too C0CJ>1-'© — to to CD 10X iCo

pe

to ^- ^CO I-"-*

(DM M -1 )^ rfh. ts )t>. to.s

% K-4 *1«5 01|0i#».;JCC >. o oto MOS't^CDM -J CCClrf^^-M g H10 (b--l totf-t-Cilo to lf>> »o-co Q0COl*^OD*. B (fk Oi<Jtwrfa.iUa c-,-o 1- c. o> CO as B to 0: :j« *^-4©-lCT n a 0*-OJMOJ

^»- C w- cooocooic n Ostn nXa C0C">-0SOi

31os 2 lF-» H !(>'

hi «w MtCIOtOCO « croi •-•cococot;>^

&•J3 tc- o: CI CO CD M

K) Ml-' blVuDOf'^l l(i>- .-co "i^tooOCiCtoSoiO

OlCDl0^-*tO 9^ MXXlow oxccoo l-l to O^cntoto^

to

bcoOMCOOi;-* GCOWCCCOQD W

f'K;

b<y» CJi Ot c <l

-laVcoVi s0*9

rf>.oo:o»cD gH- 0) <i-.o 0:CiOift-cos^2

~) a o o> CO OJ

CDQDW

00 CMQCCB C-OfN-fcO**

M^^*-* 5 ^?to c«o CO 00 Qio u< n o OCO COOOii^Oi o o r o 10 -J 0- >8

>

«. to

5*5

Ci-1 Uito*

MaCO

CO

ro

Mr-h-tO 5M

^to

S'|b> -10-. -.103 tOCCMOSOD T -1 Xa tz -1 tow CO -J. C*-OOCio Ut CO a, CO o - o to OCC&'OX^CI t":o coicb'K-'b P T vn> *. (** M :r to :jc coxx tc :o «

DOSto<5

)-*

-'I CO 00 Cr. CO ^11- CD tc-i<Xi UiOO cxi ".-J c: *.. ^ CO w» t-X'IOtO ^< -JO--lrf*.^

Xat

tc&3too Clt- M CO ICM

^ll-tIC

> 2;a. lOM rf^COCCOf- i;-' ti — o: CO 1^ <i CO to CI x- — Oi cj ^ ? >*- *- O ic K. c; Oi -1•*- rwro to ;c © 01 -J fX. tOO) COl-OOCOJ lo XOt(—^1<~> c^ 1— M — K-coy^ CO f*<jl 1— --1 CD tJt !*• x — x^co

J[-^1 a<- -.1 O-.'- tn to*- —*4 coip. wiacciorf^ 01 «w MtOCOfcOCO u ;;iX— OitO t-

1*l O-l >fi.#-CtC5 01 to OI3 •fc-COtCCOOL; o^I K> C' Ui Oi tC CC CD >;- uto ^-IC-tCCO to O X. ic CO^^ CDOf COT o:h-*-^Oi o CO c:t. CDOiCs o

§CO os.n OnD^Ctt- l>' w- X — 10 -1 u CO.!- i^O toCb (j*.t-) C^i-J-JOiW t-t ^a: U-- WtO--J rf^

CO aw toot-ioto c w' to CC -1 -1 I 05 MC;iCitoio

ImportM or Lea<Uus Articles.

The f illowing table, compiled from Custom House returnshows the foreign imports of leading articles at this port fromJan. 1 to July 21, 1882, and for corresponding period in 1881:

[Tli9 quantity is give" to packages when not otherwise speclfled.]

China, Ac-ChinaEarthenw .

GlassGlassware

.

Glass plate.ButtonsCoal, tons...Cocoa, bags.Coil'ee, hues.Cotton,balesDrugs, &o—Bark, Peru.Blea. powd,Coehlucal..Gambler . .

Gum, Arab.iBdiKOMadder, &oOil, OUve..Opium .. ..

Boda, bi.ob.Boda, sal...Boda, ash..FlaxFursGumiy clothHairHemp, balesHides, Ac-Bristles .. .

Hides, dr'sdliidia rubberIvoryJewelry,<tc-Jewelry ..

.

Watches . .

UnseedMolassesMetals,&o—Cutlery . .

.

Hitrdwnre

1S82.

14.57031,54:

307,4322S,5'236,02

1

8,1810,901J'i,452

l,653,4yi3,18G

13.180ia.7742.369

11,24,0906,577326

33,431181

9,64027,»2243.9344.5>28,063305

2.P87198,439

1,3744,624

55,553l,i82

1,914767

177,01083,531

4,117393

1881.

10,99727,72-z

254.64424.6U24,25b5,931

31,94640.205

1,504,3227,264

14,173ll.,'i08

2,33830,6604,1363,44337M

30,262465

3,85329,82243.3922,9185,9331,2862,991

177,798

1,4223,955

41.8921,940

901607

156,00261,166

3,910638

Metals, <&c—Iron, pig" KR.barsLead, pigs

.

Spelter, lbsSteel ....

Tin, boxes.Tiusllj8.,lb8Paper StockSugar, bhds,tea., (&bbla.Sugar, boxesand bags.TeaTobacco .

.

Wines, <fco.—Champ'mebaskets .

.

WinesWool, bales.Reported byvalue.Cigars . .

.

Fancy goodsFishFruits, Ac-Lemons .. .

Oranges . .

.

NutsRaisinsHides, undr.RiceSpices, Ac.-CassiaGinger ....Pepper.. ..

Siiltpctre ...Woods

—

CorkFusticIiOgwood ..

Malioffany

.

1882.

163,94774,31017,333

11,367,318],178,6«71,267,1969,823,418133,307

435,874

2,091,692477,55040,175

118,200156,63340,290

1,172,984854,204319,365

1,064,0761,559,565821.644

1,064.95210,699,877

539,247

96,45425,091181,219207,535

622,75881,8.-)]

374,094217.«Aa

1881.

134,716217,98722,»93

1,284.476558,833843,5.9

8,968.98892,248

431,873

1,903,672572.11730,790

130,734145,87526,748

912,698730,051271,615

547,1931,210,335619,808455,740

11,019,511107,538

19,98246.2.'i3

127.270207,118

435,55189,920

871,330248 241

Receipts ot Ijeixlln:; Articles ol Domestic Frudnec.

The following table, based upon daily reports made to theNew York Produce Exchange, shows the receipts of leading

articles of domestic produce in New fork for the week endinxwith Tuesday last (oorreapoadlng with the week for exports),

also the receipts from Jan. 1, 1882, to that d*y, and fur the

corresponding period in 1881

:

Ashes bbls.Beans ...;I>bU.Bruadstuffs—Flour, wheat ....bbls,Com meal bbls,Wheat .,...bush.Rye ..bush.Com ^...bi-ah.Oata bush.Barley '...bush.Peas bush.

Cotton bales.Cotton seed oU bbU.Flaxseed ....bags.Grass seed bags.Hides No.Hides boles.Hops bales.Leather aides.Lead pigs.Molasses niids.Molasses bbls.Naval Stores-Turpentine, crude . . . .bbls.

Turpentine, spirits... bbls.Rosm bbls.Tar bbls.Pitch : bbls.

Oil cake pkgs.Oil, lard .IjWs.Oil, whale galls.Peanuts DU«b.Provisions —Pork Pkgs.Beef pkgs.CutmeaCs... pkgs.Butter... pkgs.Cheese... pkgs.Eggs bbls.Lard toe. A bbls.l.<ard • kegs.Hogs, dressed No.

Rice pkgs.Spelter ,.. .slabs.Btcarine ;...pkg8.Sugar bbls.Sugar hhds.Tallow pkgs.Tobacco boxes A oases.Tobacco hhds.Whiskey j..;Lbl>ls.

Wool bales.

Week erulingJuly 2S.

108747

63,8241,035

1,234,88834,.i32

171,114189,87966,9007,6006,042922

5,002215

1,709619779

93,42917,518

203,440

10,90631420

8,844303

1,645

8121,207

20,66940,555144.085

9,6365,545527

' iss2,21115313060

9972,2386,9362.4423,104

Si)iee Jan. I

,

1882.

3.49825,332

2,574.43273.489

14,282.<i.'i3

899,69 s

8,684,6757.673,3503,229,.53G447,510503.02518,2.^8

346,120156.99874,20833,96936,156

1,.483,!I86

305,66973

27,497

84354,913

271,03917,2801,003

281,0026,812

45,610

67,06222,568

545.774705,859

1,089.299449,308202,228149,64233,02033.79957,78710,092

7572.5^5

22,43168,05956,567122.26578,303

game timeUiMl year.

2,0774S,074

3,168,947117.579

24,235.613550.051

24,968.4338,117,3092,836,558174,929510,43415.731

419,98252,96561.14924,62041.608

1.577.80.->

80.3393,178

49,532

1.13845,015

159,10S>14,4722.457

372,7925,073

78,440

77,.-0321,780

644.296831,.573

1,498.74036:),632322,215168.81935,41937,68880,64813,4008.110

15,43832,11677,27352,254139.09269,7 1a

Bxportsol lieadlas Articles of Domestic Produce.

The following table, ba.sed upon Custom House returns, show-

the exports from New York of all leading articles of domestic

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

from the Ist of January, 1882, to that day, and for the cor

responding period in 1881 :

Week endingJuly 23.

Ashes, pots bbls.

Ashes, pearls bbls.Becswiix lbs,

Brcadstuffs—Flour, wheat bbls.Flour, rye bWs.Corn meal bbls.

Wheat bush.Rye l)ush,

Oats bush.Barley bush.Peas bushCom bush.

Candles pkgs.Coal tons.Cotton bales.

Domestics .pkgs.Hay bales.

Hops bales.Naval Stores—Ci-ude turpentine bbls.

Spirits turpentine— Ijbls.

Rosin -.bbls.

Tar bblB.Pitch bbU.

Oilcake owt.Oils-Whale galB.

Sperm gals.

Lard gala.

Linseed gals.

Petroleum gals.

Provisions-Pork bbls.

Beef hbis.

Beef tierces.

Cutmeats lbs.

Butter lbs.

Cheese lbs.

Lard lbs.

Rice bbls.

Tallow lb*.

Tobacco, leaf hhds.Tobacco bales and cases.Tob»c'co,maQUfactured. lbs.

Whalebone lbs.

87,9fi3197

2.9251,324,5-1

32,3633,761

2010,35945,340

5302,4336,2153,3272,248

40

7626,470277198

25,340

6104,7521.303

11,650,395

1,889740262

3,544,698123,169

4,410,4192,200,805

664142,166

3,7731,020

131,6324,553

Since Jan. 1.

1882.

52631

8.455

1.831.731l.HOl

60,50212.837.U76

933.47379,9226,550

256.4'586.316.654

26,35536,708

384.46286,07236,36412,905

24513,382

184,.3318.7704,274

1,294,874

80,342134,731195.73726.372

222,944,672

104,18223,25025,840

155.006,4663,938.182

49,023.59499,6S0,714

10.03914,773,106

47,95328.1C1

3,609,937159,433

Same timelast year.

1,04»154

46,429

2,836

122!23,730,

699,13015

169,19,142,

37,33,

310,81SI18.

427225636.513165.603147875403304820,001932544476

65.36»

103,9297,05ft2.833

1,527.18a

151,031107,403237,77421,580

175,934,875

122,92S23,08831,113

254,279,93611,465,39474,575,343

135,648.23414,754

31,966.05842,62728.000

3,531.95970,895

142 THE (JHRONICLE. [Vol. XXXV.

Financial.

-Miller, Francis & Co.,

BANKERS AND BROKEES,

•48 WAlili STREET, NEW VORHL.

'CBAS.A. UII.LER. jAS.FnANCI3. BDWINJ.HANKS

I. F. Mead & Co.,STOCK BROKERS.

.a EXCHANC« COURT, NEW KORKBnuichOfflcB Willi PrlTato Wire at Hoffman House

Broiidway und Twenty-Fourth Street,

Buy and sell on commission for Investment or on•m«rgln, all securities dealt In at the New York Stocli

KxcnanKe. ™ „ «H. R. LEAR. I. F. MEAD, ^T. H. CUBIIS

Member N. V. Stock Kich.

W. W. Farmer,MONROF, L.OVISIANA.

•Couusplor, Solicitor and Attorney.Praotloes in the District Circuit and Supreme

•Courts of the United States and of tlie State, in

all classes of cases. Has no other business, and de-"vote* his personal attention ind all his time exclu-

' Vict!!/ to his profession. Hefers to Bank of Monroe.

J.D. Probst & Co.,

STOCK AND BOND BROKERS,No. 52 EXCUANOE PLACE, NEW YORK.

Stocks, RAiuioAn Boxd.s, Goternmksts and'MlBCBLLANtOrSSECCHITlKS BOIFQIIT AND fOLD.

SPECULATION AND INVESTMENTIN STOCKS AND SHARESWITH A iniNIITIITlTI BISK.

EXPLANATORY BOOK, Just published, gratl»

• <and post free upon application.

OPKBATORS IN STOCK EXCHANGE SECURI-TIES should test this sy.stem, by which large profits

are realized, and the possibility of losses reduced to

I-* minimum.OPINIOXS or THX PRESS.

Civil Service Gazette—*' The system recommended^y Messrs, OutteridKe j» Co., is ea.sy to comprehend-and safe." JohnUu//—"An easy and apparently safesystem, worthy of public confidence." Cmirt Journal—"**An excellent way of speculating, ably set forth."-Civtiian—"An .'iiteresting book. This system com--mends Itself at being a very safe one." Newa of thtJToi W—" This book Is well worth reading. One can-

(vot do better than retain their services."

'\r, G17TTERIDGE & CO.,

*WORN BROKERS, No. 7 DRAPERS GARDENSIiondon E. C. England.

liisuriiiice.

UNION.^lutual Life Insurance Co.

OF I>1 A I N E .

OllitCTOHS' OFFICE . - - PORTLAND, MAINE.

ORGANIZED 1849.Assets .-...-. $7,O78,7a0 78•Surplus (V. V. Standard) 548,497 27Deutb Losses Paid - - 5.545,224 63DlTldeuds Paid - • 3,866 361 83J.1 5,775 Policies In force. Insuring

$28,915,136.

Paid Death Losses, since Organization,

FOUR MILLION DOLLARS,And for Dlvldet.ds,

THREE AND ONEHALF MILLIONS.JOHN E. IJeWlTT, President.

DA.NIEL SHARP, Vlre-Presldeiit.HKNRV D. SMITIL Secretary.NICHOLAS 1>K liROOT, Ass t Seo'y.A.l>. M1I.T,)N. Aotnary.THOMAS V. FOSTER, Medical Director.

luiurance.

lUTUAlIIFiIHSUBfflCE COMPAfff

• _^^ OF NEW YORK.,^r.S.WmSTON, PRESIDENT.

./$Sl/£SEVERr. DESCRIPTION OEIHKINDENDOWMFNTmiCIESONTERMS ASFAVOHABLE AS THOSE

GFANYOTHMRCOMPANr ,

ORGANIZED APRILMT"1842•aSHASSnS OYER$82.000.000

OFFICE OP THE

ATLANTICMutual Insurance Co.,

NEW YORK, January 25, 1882.

The Trustees, in conformity to tlie Charter of

tlie Company, submit the following Statementof its affairs on tho 3l8t December, 1881

:

Premiums on Marine Rislis from1st January, 1881, to Slst Se-

oember. 1881 $4,039,487 10

Premiums on Policies notmarkedoff let January, 1881 1,587,534 47

Total Marine Premiums $5,627,021 57

Premiums marked off from 1st

January, 1881, toSlst Decem-ber, 1881 $4,110,176 72

Losses paid during- the samepenoa $1,775,882 80

Koturns of Premlmns and Ex-penses $924,227 02

The Company has the following Assets, viz.:

United States and State of NewYork Stock, City, Bank andother Stocks $8,965,758 00

Loans secured by Stocks andotherwise 1,729,500 00

Real Estate and Claims due the

Company, estimated at 491,148 18

Premium Notes and Bills Re-

ceivable 1,631,294 23

Cash in Bank 347,765 99

Amount $13,165,466 40

SIX PER CENT INTEREST on the outstand-

oertlticates of profits will be paid to the holders

thereof, or their legal representatives, on andafter Tuesday, the Seventh of February next.

THE OUTSTANDING CERTIFICATES of

the issue of 1877 will be redeemed and paid to

the holders theroof, or their legal representa-

tives, on and after Tuesday, the Seventh of Feb-

ruary next, from which date all interest thereon

will cease. The certificates to be produced at

the time of payment and canceled.

A DIVIDEND OF FORTY PER CENT is

declared on the net earned premiums of the

Company, for the year ending 31 8t December,1831, for which certificates will be issued on

ind after Tuesday, the Second of May next.

By order of the Board,

J. H. CHAPIUAN, Secreturr.

TRUSTEES!

Commercial Cards.

J. D. Jones,

Charles Dennis,

W. H, H. Moore,Lewis Curtis,

Charles H. Russell,

James Low,David Lane,

Gordon W. Bumham,A. A. Raven,Wm. Sturgis,

Benjamin H. Field,

Josiah O. LowWilliam E. Dodge,

Royal Phelps,

Thomas F. ToangB,

0. A. Hand,John D. Hewlett,

WlUlam H. Webb,Charles P, Burdett,

Horace Gray,Edmund W. Corlies,

John EUiott,

Adolph Lemoyne,Bobt. B. Mintum,Charles II. Marshal),

George W. Lane,

Edwin D. Morgan,Robert L, Stuart,

James G. De Forest,

Samuel Willetts,

Charles D. Leverich,

William Bryce,

William H. Fogg,

Thomas B. CoddingtonHorace K. Thurbot,

William Degroot,

IJenry Collins,

JohnL. Riker.

J. D. JONES, President.

CHARLES DENNIS, Vice-President.

W. H. H. MOORE, 2d Vloe-Presldsr t

.

A. A. BATEN, 34 Ytoe-PrealdeK*.

Dan Talmage's Sons& ComiLLERS, FACTORS,

AND COMMISSION MERCHANTS IN

RICE,96 Wall Sirret, N'ew Yorlf,

10, 12 i& 14 East Itay, Charleston,

IDS Bay Street, .Savannali,

41 Si 43 North Peters St., N. Orleans.

Brinckerhoff, Turner& Co.,

Manufacturers and Dealers in

COTTON SAILDUCKAnd all kinds of

COTTON CANVAS, FELTING DUCK, CARCOVKRINQ, BAGGING, RAVENS DUCK, SAILTWINES, Ac, " ONTARIO " SKAMLES8

BAGS, 'AWNING STRIPES."

Also, Agents

UNITED STATES BUNTING COMPANY.A full supply, all Widths and Colors, always in stock.

No. 109 Duane Street.

Bliss, Fabyan & Co.,New York, Boston, Philadelphia,

SELLING AGENTS FOR LEADING BRANDSBROWN AND BLEACHED SIIIKTINGS

AND SHEETINGS,PRINTS, DENIMS, TICKS, DUCKS, Ac.

Ton-cl«, Qnilts, White Goods and Hosierr,

Drilta. Sheetings. <tc., for Export Tradt.

Joy, Lincoln & Motley,SUCCES.SORS TO

K. K. inVDGi:, SATTTER & CO.,43 A 45 WHrrE Stheet, 18 Chaunckt Btbset,

NEW YORK, BOSTON,AOENTS FOR

Orcan mils Co., Atlantic Cotton Iflllls,Pcabody ITIill.-i. Cblcopcc ITIli;. Co.,

Ellerton New Mills, ^Vliitu Mlg. Co.,Saratoga Victory Bllfe. Co.,

Hosiery and ifarn mills.

Columbia Bicycles.Thousands In daily use by doctors,lawyers, ministers, edttora, mer-chants, &c., &c. Send 3-cent stampfor elegantly illustrated 30-pageCiitalogue to

The Pope Mfg. Co.,642 Washington St., BOSTON, Maaa

New York Riding School.

214 E. 84Tn.ST,. Nbar Third Avb

Herring's Safes.THE CIIAlMPI03i RECORD

IN ALL GREAT FIRES.

HERR-inVG^ & CO.251 & 262 Broadway, New York.

JOJ.T 99. 1881.1 THE CHRONiCJLE.

Comni«i*HlU Card*.

S8TABUoUlU> IMM.

Sears & Cole,STATIOlfKRS AMO PRINTHB8.

Supplr Bank!, Baniitn, StMk Broken and Corpo-ratlona witb complste oatlU at AMuunt Book* willStationery.tr New conoero" nrmnliins wlU hare their or-

4ei« promptly exaeuted.

No. 1 WILLIAn STREET.(IIANOTEK MQVARB.)

BTEBT BANKER AND XERCHANTSHOULD BUY AM

Amateur Plioto^aphic Outfit,

( [aatruotiou Book Free), expenae trifling, frou

S. & B. T. ANTHO^iY & CO.,

(Mtl BROAnWAT. NFW VORK

^I<-HIIImIiI|>«.

Only Direct Line to France.

GENERAL TRANSATLANTIC CO.Between NEIV YORK and HAVRE,From Pier (new) 4a North River, foot of Morton St.Tnivetfrs by this line avoid both transit by KnKllsh

Ballway and the dlscomforta of oroealOK the ChaunelIn aflmull boat.BT.(>KUM.\IN, Berry Wed.,Aui;.8.T A. H.AMKKIOL K. Santelft Wed., AuK.e, 2 P. M.8T. LAUHKNT, Servan Wed., Auk. 16, 7 A. M.Price OF Pashaob— (Including wine): To Hav re-

First cubin, flOU and JbO; second cabin, $80; steer'aj[e, St^—Including wine, bedding and utensils. H&-tum tickets at very reduced rates. Checks drawn onCredit Lyonnals of i^arls In amounts to suit.

FOR niARSEII.I.E^,TODCHINO AT Cadiz, Uibkaltak A Barcelona.The following steamers will leave New York direct

for Cadiz, Gibraltar, Barcelona and MaraciUes, takingfreight and passengera

;

PK^RDIE About August 1Katkh op PASSAOB-Ii'or Cadli and Gibraltar—

First cabin, »7.'5 and H(0 ; for Barcelona and Marseilles—Mrst cabin. »80 and »100. Hteerage. »32.Through bUU of tiiilinK iMue^t to Alediterranean

Porta, including Barcelona, Algeria, Tunis, Uen<ia,Leghorn, Naples, Messina ; alio, for Trieste and Con-tantlnople.N. B.-No freight taken for Gibraltar.

LOUIS DB BBBIAN, Asent,Ko. e Bowline Creea.

Cotton.

HUtUT H. Wakk. OnjuAV aoajutBaSB

Cotton.

BYUANB * DAMCY,Moarsuc. ta.

Dancy, Hyman & Co.,COTTON CX>MUI8eiON M£RCHAMTB,

97 Pearl St., New Yark.Sveola] attention given to ibe yurcbaae and sale

of contracts for future deilTery.

J.P. Billups & Co.,

COTTONOOMHISSION MERCHANTS

Noa. 16 * 18 BzcbauEe Plaee,

POST BDILDINO, NKW YORKSpeelal attention given to til* Purchase and 8aJe

ef Contraota for future dellTerr of Cotton,

f

I

John C. Graham & Co.,(Buooesaora to R. M, WATXR8 h CO.),

COTTON COMIIISSION KERCHANTS,N*. It WtUIana Blract, New Tark.

BBUCA, ALA., Paamx tnij>i]ca.OMTOOMKKT. AUU Moaau Bakk BciLDna.OMms tar Futuia Contraota Bieeated ta Mew Tock

aaa liTamst

Geo. Brennecke & Co.,OOTTOR BKOKKK8,

H*. 110 Pearl Street, New York.FuTOBi OeKvaAon A BraciAirr.

.Wm. Felix Alexander,COTTON BROKE K,

ACreVSTA, SBOKOIASatire attentlea gtvea •• rarelwM of COTTOB TO

WtOBB for BPUmXHS and XXFUBTRB8CoBaaaromiaafla Souoms.

Satereoeea :-Rallaaal BMkk of Aoguata, »eorg).,.aorr Heals * C*„ CoeHataooD HerehaaU HawTark; WUttam B.I>aaaa Co, Proprteutn Coaanoal aks rtsuKaAi. CBBoawi.a, aad otbcr BeeTeik Xeuck.

Ware & Schroeder,

COTTON COMMISSION MERCHANTS

111 Pearl Street, New York.

Bpeelal attention paid to the ezeentlon of orderv

for the pnrchate or sale of contracts for future de-

Urerr of cotton. Liberal adranoe* made on coo-

•tgnmenta.

B.F.BABCOCK&CO.COMMISSION MERCHANTS,

17 Water Street, LIVERPOOL,Receive consIgnmeDts of Cotton and other i'rodaoe

and execute orders at the Kxchanges in Liverpool,Bepreaented in New York at the omce of

BABCOCK BKUTHKliS * CU.,

80 WaIX 8TB««T.

A. B. aWATHMBT, I. O; BLOM.

Gwathmey & Bloss,COTTON MERCHANTS,

Mo. 133 Pearl Street, New Yark.Special attention given to the exeeatton ef orders

for future delivery contracts,

HINBT H. BTANS. CHAS. FRANCU BIBBIMember N. r. Cotton Bxotaange.

Evans & Beebe,Noa. 43 A 44 NBIV STREET.

SPECIAL ATTBNTION TOParekaae and Sale ot ConlraoM tor Facare

DellTerr.

Cotton.

Gardes & Wisdom,COTTON

COMMISSION MERCHANTS,NEW ORLEANS, LA.

Special attention paid to the execution of ordersfor the purchase or sate of contracts for fnturdelivery of cotton in this market. Mew York anLiverpool.

Wabbxn KWBM, JB. JOBM U. X«rB«.

Ewen Brothers,

COTTON BROKERS,Nee. 31 & 33 Bread Street,

MEW TOKK.

Bennet & Foulke,conmissioN rierchaivts,

131 PEARL STREET,NKW YORK.

Special attention given to the ezeentlon of order?for the parchaae or sale of Contnwta for Fatortdelivery.

Geo.H.McFadden & BroCOTTON FAerORS

AND COUHIS8ION HERCHAHTBISl Cbeatnat St., PhlUdelphla.

J.F. Crumbie,

IMPewlSt., COTTON, New ToA.Special attention given to order* for the bovtagand aeltlag of Conoif roB Futvbb Obutbbt.Hember of Cotton Bzchanae,

JOHN H. CLISBY * CO.,OOTTOW BDTEBfl,

nONTGOMEBY, ALA.PcaosAsi OMLT ON obdbbs, roB A ComneaiOB

'VBBBA"'UBIZBT.

WOBKB AT ORIBMT, L. 1m BBdBIOBMOIIU, VA.

The Atlantic & Virginia

Fertilizing Co.OFFBR THBIR BTANUABD BKANDB

AmiOBIATBD BOMB 8lIPBBIIiI0«rBATB OW lAOAMD

** ORIENT COMPLETE MANURE,*'And want a good working agent In every tkrtvlcicotton, tobacco, grain and truck growiag eooatyApily (with reference) to

W. e. CRENSHAW, Prea>t,CBK>(BAW Wabbbovob.

E. S. Jemison & Co.,B A N K B B a

COTTON COMMISSION MERCHANTS,

No. 10 01« Slip, New York.

Jemison. Oroee k Co., Galreitoii, TexBB.

Dennis Perkins & Co.,COTTON BBOKEBS,

117 Pearl Street, New York.Orders for Spot Cotton and Futmes rronviij

executed.

Robert Tannahill& Co.,

Cotton Commission Merettanta,

Oelten Exchaace BaUdlnc, NEW YOKK.

Special atteatlon givea to the pnroluue and aale otruttire Contracu .

Wi(.110BB. H.W.HABBMA«ir. Cl.aiM8gFucaaB

Mohr, Hanemann & Co.;,

133 PEARL ST. ISHI URAVIEH ST.

New York. New Orleans, La.

BrBOUL ATTEMTIOH OITBII TO THB KXBCDTtOa

OF OBDSBS FOB FCTUBB CONTRACTS.

Waldron & Tainter,GENERAL COTTON HERCHANTS,

97 PEARI- OTREET, ^EW YORK,"Pnture " orders executed at N. Y. C.ition Kxeh*g«

Geo. Copeland & Co.,OOTTOa BROKERB.

136 PEARL SYRERT. NEW YORK.

F. Hoffmann,COTTON BROKER AND AQENT,

•• RUE DE LA BOVRNE, HAVRB.

James F.Wenman& Co.,COTTON EROKKBS,

No. 140 Pearl Street, near Wall, N. C»Katabliahed (in Tontine Building) 1S40,

William H. Beede & Co.COTTON BROKERS.

No. 114 PBABL STREET.

WALTER & KROHN,COTTON BROIiERg,

CS RBATER RXREET. NE^Y YORK.

Rogers & Pendleton,COMMISSIOtf MXRCnANTB.

HO. ST PEARL STREET, NSW YORK.Advaeoea made on eoualcnmente «t Oettoo. Orals

aad otber Produce.Buy and aell eoatracta for tatare BeUvary at

Oraln aad Provialona.

H. Tileston & Co.,COTTON, STOtJKS, BONDS, tf,

to WILUAM BTBKKT, HBW TOBE.Ofders la " ratarea" ezecated at N.Y.OoMon ssak

THE ISROWN

Cotton Gin Company,NBW LONDON, CONN.,

laAinirAcnmxBa or ^am ceiiBBaaTBu

BrowH Cotton Giss, eia F«e4orB ««Condensers.

eomoK ana ros aaeta.

m THE CHKONICLR lint 89, 1880^

iMi»ceiiaucuii».

Walter T. Baleh. Betiry P. Batch.NuUi'l W. X. Uatth. Arthur U. Halth.

W. T. Hatch & Sons,BANKBRS,

14 NASSAU STREET, NEW TOBK.Branch Omnuil '••* rhiTpli Hiree«, N. T.oiUACH UFFICKH j.^g t hiipel St.. New llaveaPerfonal altentlon (riven at the EXrOANGES to

the purehHeeHndBaleof HiOCKSand BONDS forcash or on m -ri/tn.J>i-:i'(»-lTa HKK'BlVBD-^Riiblsct to cheek at sight

—with interest npon ba'anccB.Special attention paid to 1NVBBTMKNT8 aad

aocuunlaof COUNTKV BANKKK8,

HOMEInsurance Company

OF NKW YORK,OFFICE, 119 BROADWAY,

Flltr-I Ifchtb Seml-annnal StatementSHOWmO THE

COWDITIONOFTnB COMPANY ON TBBFIB8TDAY OF JUI.y, 1888.

CASH CAPITAL $3,000,000 00Reserve for Uueamed Premltims 1,967,087 00Reserve for Unpaid Losses 209,450 97Net Surplus 1,661,572 10

Cash Assets $6,838,719 07SOiniVARV OF ASSETS

Held in the United States, available for the PAT-MKNT of I.088K8 by FIRK and for the protec-tion of Pollcy-Uoldera of FIRB INSUKAVTK:

Cash In Banks |iee.aiS MBouda and mortKaties. t>elntr tlriit Ueuooreal estate (worth »S,186,S00) 1.3fl3.737 44

United States HtockM (murKet value).... 3,UU^,7Q0 00Bank& KK. 9tock«&bd>.(market value) Wil 3S0 00^tatti and tuiinicipal b'ds (tnarket value) 128,500 00Loans on stocks, payable on flflrnMnd

(market valueufcoliHter'Is. tl,MB.S12 . 1.00T.4SO 00Interest due on Ist.Inly, l»«-a 80.1174 91Premiums uncoll'ct'd X in h'nds of af[tB. H*.!.14'J S8Heal estAte 36.4W 4»

Total fe.838,719 VI

OHAS. J. nAKTIN, Frenldent.J. H. WASHKUKN, Secretary.

^TNAInsurance Com p a n

y

OF BARTFORO.Assets January 1,1682 $8,902,272 04Liabilities for unpaid losses

and r»-lnsurance fund 1,774,849 74Capital 4,000,000 00

NET SURPLUS........ ...$3,ia7,42a 90

!Vu. 3 Cortlandt St., .Mciv Vork.JAS. A. AI.K3I:AND£U, Aiient.

North British

& Mercantile Ins.- CoOF

LOXDOX \\l* i-:OI\-B('R«^]I.

United Stales Hoard of .H.mageiu^'m,

NEW ro/.'Jf ;

SOLON mJMPIiRBYd,Oh'i'u,(K.D.i'.OP,?ai*CttDAVID DOWS, Ew]. (David Dow»&Co.>li. V. FABUKI, Esq. (itrcxd. Morgan S'-'l^.'

aoN. 8. B. OHITTENDBN. •

.-ZRA WHITB, Ksq.I. J. ASTOU, Keq.

CHAS. E. WHITE, SA.\I^. Ul.AfiUr.N,

MANAURl^S.

Office 54 U'llUam St., New' YorlL.

Cotton.

Woodward & Stillman,MERCHANTS,

Poit Bnlldlngr, IG A 18 Exchange Plaoe

NKW YORK.

LOANS MADB ON ACCEPTABLE SBCT7KITIE8.

.i OaihAdfonea itatU on OonMignrntnlt.

fraCIAL ATTB!irnOy to OROEBS fob COJfTBACXS

FOB FUTtTBl DiLlTSnV OF COTTOX.

40TTON, ALL GRADBS, SUITABLE TO WANTSOF BPiNNERS,

OWmXD ON TXBHS TO SUIT.

J.H. PARKER,

GonnissioN merchant.

No. 140 PEABI. STREET,

NEW YOBK.

Conalcnmenta of Cotton, Naval Stores

and otber Prodace Solicited.

BXECDTES ORDERS FOR THE PURCHASEAND SALE OF FUTURE CONTRACTS IN THE(OTTON AND PRODUCE EXCHANGES.

Henry Hentz & Co.,GENERAL

con.nissioN kierchants,8 Sootb WUlIam St., New York.

.^dvanoee made on Conslnnments to

niesitrit. JAiTIES PINLAY & CO.,LIVERPOOL, LONDON AND OLA8UOW.

Also execute orders for Merchandise tbroQRh

ffleMra. FINLAV, IflVIH tc CO.,CALCUTTA AND BOMBAY.

CONTRACTS FOR FUTURE DKLIVKRY COT.TON bouKht and sold on cotjmission in New Yorkand Llverp<x>l: also at New Urieaus throuffb Meura.Samuel II. Buck A Co.

Fielding & Gwynn,

CftiroN FACTORS

COMMISSION MEliCHANT-

1» & l!i Exchnnir Place,

POST BDILOINO. NEW YORK.

OtTITAVTmC. HOPKIUg. LrCHTS HOPKIXS SMITH.Cbaulkh D. Miixeu. Auos T. DwiuHT, Special.

Hopkins, Dwight 6c Co.,

COTTONCOMMISSION MERCHANTS,

No. 134 PBARI. STREET,NEW YORK.

OBDEBS »0B FCTCRE CONTRACrS EXECUTED INNew York axi) Litkhtooi.

-i-tr~

,:Henry M. Taber,

H*. 141 PEARL tSTKEKT, NEW YOUK.

Cotton.

AdmaeM madron fo-^nUnmenta of Cotton. Con-triicts for Futare Unlivery uf cotton booKbt andIold on commtiHiOTT.

Lkhmav, Abraham & Co^ Leh.maw dukk & Co *

2^ew Orleunm Uu iliujiticomory. Ala.

LEHMAN BRO'S,6-0VT ON ; F-vrC T OR 8

AND.„ ConnissiON kierchants,

' '. " No. 40 EXCHANOB PLACE,"^

a^Jtowa OMicahJ(os.W-A 41 WaIiK>ii.8tbeet,

U«V-.J.f:.-. "•» *io'|K..r-_'r-...:.r.,..,.

^rdera executed at the Ckitton Exchanges In NeifToi^-and Liverpool and advances 'made- on^ Cottonand other produce consumed 't^ as, or to our corre

pondents in Liverpool, Messrs. B. Newsasa k Coand MeMTK L KoseafeicliB A Snas

INMAN,SWANN&CoCOTTON MERCHANTS,

COTTON EXCHANGE BUILDINO,

New York.

LOANS MADE ON

SOFTHERX j«ECI;RIT1ES.

Rountree & Co.,

COTTON COMMISSION MERCHANTS12 OLD SLIP, Cor. WATER ST., N. Y.

NORFOLK, VA.Sy Special attention i^ven to the execution of

orders for the purchase and sale of Cotton for futuredelivery. Liberal advances made on consignments.

Cumming & Baily,COTTON FACTORS

AND COMMISSION MERCHANTS,No. 89 Pearl Street, New York.

Special attention idven U> the purchase and sale ofoontructs fur future delivery on the Cotton and Prod'uce Exchaniies.

Wu. Uenuy Woods 6. O. Mdbpht

Woods & Murphy,(Post Bi'iltino.)

16 & 18 Exchange Place.

COTTO.V, STOCKS A\D nO.\DS.

ORDERS IS FUTURE CONTRACTSXXECUTED I!f SBftT YORK AND UYBRPOOL

P. O. BOX 234S.

oaAS. r. BoTioRST,

NEW YOBK..

JOBH R. BARRSTT

C. F. Holiorst & Co.,fOTTO^

COMMISSION MERCHANT:^No. 136 PEVUL STREET,

Kew Vork.Receive Consignments of Cotton and other produceLIBERAL ADVANCES MADE.Special attention fciven to orders for the porchavf-

sDd sale of (^ntracts for Future Uelivery of Cottua.

Miscellaneoiii.

Dullard & Wheeler,119 IQAIDEN LANE,

NEW YOBK.

BAGOING AND IRON TIES,(FOR BALING COTTON.)

Aients for thefollowInK brands of Jute BacstnnEiwie .MIll8.""Brooklyn (:lty,""Georirta,""Carolinu."Novlns o." "Unl<in .Star." "Salem," "Horioon Mllhi,';

"Jersey Mills" and "Dover Mills."l.MPORTEKS OF IRON TIES.

BAGGING.WARREN, JONES A GRATZ,

ST. LOUIS, Mo.

Mannfactorers' Agents for the sale of Ju«e Ba».

BlnK. Kumish covering annually for one-bflh of the

entire (Xilton Oop. Correspondence from lame

dealers solicited,

Wire Rope.S^tTELAND (SIABCOALIKON of superior quality

suitable for MINING ANuHOISTING PURPOSESInclined Planes, Transmis-

sion of Power. Ac Also,i;atvani/ed Cnarcoal andiltl for ships' KliiKinK. Sus.>ensiun UridKes, Ueniokiuys, Kerry Hopes. Ac. Alari^e stock coostantly oonand trotn which any de-..irM/1 itiiiKtbs- are cui-IfLATSl'KEL AND IRONHOPES tor Mining pur-poses m tiiulactured to or>dar.I»IASO\ 4; CO.JOHN

'48 'Broadwar. New 'Vork,

Umon Iits: L

ALFRED PEU., .....

Sr & 89 Wall Street