xmmHUNT'S MERCHANTS' MAGAZINE.

fiEPRESENTINO THE INDUSTRIAL AND COMMERCIAL [NTERE3TS OP THE UNITED , STATES

VOL. 36. NEW YORK, JANUARY 13, 1883. NO. 916.

financial.

AMERICANBank Note Company,

143 BROADWAY, NEW YORK.BUSINCSS FOCTNDED 1T9S.

tneorporaUd uiuler Laws of SUUe of Ntw York, 1888.KEOIia^NIZKD ISn.

En'ohavxbs and pbintirs ofBONDS. POSTAaS AND REVBNOB STAMPS,LEGAL TENDER i NATIONAL BANK NOTESf tht UNITED STATES and for manv FOrMtnOovemmentt.

ENQRAVINQ AND PRINTINGor RANK NOTES, STATE AND RAILROADBONDS. SBARB CERTIFICATES, BILLS OtBXCRANOE. DRAFTS. CHECKS, STAMPS. tcC

IN THE riNEST AND MOST ARTISTIC STITLE

FROM STEEL. PLATES,With apeidal ufeKuarda to prevent Coimterfettint9r Atttmtioru. Special papers manufactured exclu-«iTel7 for use of the Company.

Safety Tints. Safety Papers.

Work Executed In Flreproot Baildinca.

BAILWAT PRINTING A SPECIALTYRailway Tkkets of Improved Styles,

Wilhor v>ith<nk Color; OTui Tickett of all KindtTRUSTKKS:

. O. Ooodalt, President, Jos. W. Drexel.James Macdonough. Vice- Prest., T. H. Porter,A. D. Shepard. Vice-President, P. C. Lounsbury,Wm. Main ^millie, Vice-Prest., Chris. Meyer,J. T. Robertson, Vice-President, A. V. Stout,G. H. dtayner, Treasurer, Q. U. Danforth,

TLeo. H. Freeland, Secretary.

BanqueCentrale Anversoise,

ANTIVERP.Paid-Up Capital, -"^,000,000 Franes.

BOARD OF DIRECTORSFbuz Obisar. President.AUBID Maqui.nay (UraffA Maqulnay), Vlo»-PmJ. B. Ton dek Beckx ( Von der Becke & Marsllr).Otto Gcnth»b (Comeille-Dartd).Smili d« Uottal.AD. FRANK (Frank, Model i. Cle.)Aug. Notteboum (Nottebohm Freres).Fr. Dha.ms (Micbiels Loos).JOH. Dan Fi'HUUANN, Jr. (Job. Dan. Fuhnnaon.}Louis WEB£R(Bd. Weber t Cle.)j<ri.sa Rautxnstracch (C. Schmld & Cle.)

TRANSACTS ABENEBAL BANKING BUSINESS.Asa p. Puttxu. Prest. J. J, Kddt, Cashier.

Maverick National Bank,BOSTON,

CAPITA 1., •.-.... ^400,000SCKPLIIS, ....... 400,000Accounts of Banks and Bankers solicited.

Collections made upon favorable termjs.

Government Bonds bought and old.

Aug. T. Post, Banker,2B NASSAU STREKT,

BDTS AND SlUXS

State, City and County Sccuritle*.COHRE8PONDBNCB aOLICITKD.

STOCK BROKER.Lansdale Boardman,

NEW YORK, 80 BUOADWAY * B NEW ST.,Opposite Stock b^xobange.

TROY, N. y., 14 & 15 llALl, BUiEdUJQ.Private Wire to Troy.

BeonrlUes oarried on margin. Intereat paid on '"^Bfi'TW

Financial.

DIAMONDS.Alfred H. Smith & Co.,

183 Broad-waj, Cor, Jobn St.,

IMPORTERS OF

Diamonds, Fine Rnbies, Sapphires,

and other Precions Stones,

EXCLUSIVELY.LONDON, 33 UOLBORN VIADUCT.

L. H. Taylor & Co.,BANKERS AND BROKERS,

S. W. Cor. Tlilrd and Chestnut Sts.,

PHILAOJELPIIIA.Deposits received subject to check at sight, and

Interest allowed on duily balances.Stocks, Bonds. Ac, bought and sold on commission In

Philadelphia and other citiesParticular attention given to information regarding

Investment Securities.Private wire to New York, Baltimore and other places

CALDW^ELL, WASHBURN &.

TOIVNSEIVD,BANKERS AND BROKERS.

UNITED BANK BUILDINe,BBOADVTAV AND WALL STREET.

Transact a gcnenil Banking Business, Including thePurchase and Sale of all Securities dealt In at theNew York Stock Exchange.Interest allowed on deposits subject to sight draft.

C. B. Caldwell. l. c. Washburn,Chas. J. TowNSEND, Member N. Y. Stock Exchange.

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

BANKERS. AND BROKERS,SUCCESSORS TO

WOOD &. DAVIS.Execute orders in all securities listed at the NewYork Stock Exchange. For Sale,First-Class Kailhoad " isx Mortoaok Bonds.GEOROE C. WOOD. C. H. HUESTIS. L. M.8WAN

Hatch & Foote,BANKERS, No. 13 IVALL STREET,

BUY ANB SELL

GOTBRNHBNT BONDS, STOCKS AND MIBCKL-LANEOUS SECURITIES.

Schuyler N.Warren& Co51 Exchanse Place.

INVESTIHEIVT SECURITIES.city. Railroad, Gas, Electric Light and MlsoeUaneou

Stocks and Bonds.

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

1 Wall St., Cor. New, New Vork.INVESTMENT SECUKITLES.

Special attention to business of country bank*.

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

3 Kxciumite Court Newr York.

financial.

B. C. UuHBEHT, John J. 0. Humbert..Member N. Y. Stock Exch.

E. C. Humbert & Son,BANKERS AND BROKERS,

Nos. 37 & 39 IVALL STREET,QUEEN BUILDING, NEW YORK.

Lawson, Douglas & Co.,Members of the N. Y. A Boston Stock Exchangee,

BANKERS AND BROKERS,No. 49 Exchange Place, Nenr York,No. 14 Exchange Place, Boston.

Branch offlce,"The Cumberland," B'way422d St.,N.Y,All offices connected by private wires.

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

No. 7 Nassau Street, Neir fork.

Wm. P. Humbert. Edwabd 8. Binediot.Member N.Y. Stock Exch'ge,Member N.Y. Produce Excn'ge.

Miller, Francis & Co.,

BANKERS AND BROKERS,

33 WALL STREET, NEW YORK.

CHAS.A.MILLIB. JA8.FBANCI.'<. BDWIN J.HANES

Barker & Tinker,BANKERS AND BROKERS,

No. 3 EXCHANGE COURT,New^ York.

FOBDYCB D. BARKER, RENSSELAER WESTONBENBT C. TINKE . Member M. Y. Stock Sxck.

I. F. Mead & Co.,STOCK BROKERS.

80 BROADWAY, NEW YORK.Branch Office with Private Wire at 28 West Twenty-

Third Street.Buy and sell on commission for investment or on

tnargin, all securities dealt in at the New York StockE-xcuange.R. R. LEAB. I. F. MEAD, T. H. CUBIU.

Member N. Y. Stock Bxcfa

For Sale—M.OOO Eighth Avenue Railroad Bonds.

J. P. Wi.MTRIXOHAM.GAS, INSURANCE, BANK STOCKS,&C.

SECURITIES BUrOHT AT TUE auction SALES.

3« PINE STREET, N. Y.See advertisement in the Journal of Commerce.

Car Trust Bonds.WH MAKE A SPECIALTY OF THESE VlCRt

SAFE SECURITIES, AND BUY AND SELL SAMBAT MARKET PRICE.WB OFFER A LIMITED AMOUNT OF DESIR-

ABLE CAR TRUST ISSUES, ADDITIONALLYSECURED BY TUE DIRECT OBLIGATION OFTHE RAILROAD E<<£IP.>IENT CO.VIPANY.

E>OST, MAHTL^ A. CO.,

34 PIKE STREET.

lHh oHiiOMivLK IVol. XXXVI.

I- ttrclyn i^^cbauj$ c.

Drexel, Morgan & Co.,WALL STREET,

CORNEB OF BROAD, NEW YORK.

Drexel & Co.,

No. 34 South Third Street

PHIL.ADEL.PHIA.

Drexel, Harjeg* Co

31 BouleTard Hanssmann

PARIS.

BOUESTIO AND FOREIGN BANKERS.Deposits received subject to Draft. Securities

booslit and sold on Commls-slon. Interest allowedon Deposits Foreign Exchange. Commercial Cred-its. Cable Transfers. < ircjUar Letters for Travel-ers, available in all parts ofthe world.

ATTORNET8 A.N'n .-VQENTS OFniessrs J. S. inORCiAN Sc CO.,

Ho. 22 OLD BROAD STREET, LONDON.

Brown Brothers & Co.,ISO. a» WALL ST., N. \'.,

BtTT AND SELL

BILL,§ OF E'.XCHAKOEON GKEAT BRITAIN AND IKKLAND, KllANOK,GERMANY. BKI.GIUM. SWITZERLAND, NOR-WAY. DENMARK. SWEDEN AND HOLLAND.

Iggne Coinmerflal aud Travelers' Creditsly SIERLINO,

AVAILABLE IN ANY PART OF THE WORLD.And In Krancs, in Martinique and Gnadaloupe.

nAKE TELKURAPHIC IRANSFEKSOF MONEY

BETWVEH THIS AND UTBER COUNTRIES.lUAKE COLLECTION-* OF DRAFT.S drawn

abroad on all (>uini.s in the United States andCanada, and nf Drafts drawn in the

United Stated on Forelfrn Countries.

J.& J.

Stuart & Co.,33 NASSAL' STREET.

BILLS OF EXCUaNWE ONSmiTH, PAYNE & SniITH'S,

BANKERS, LONDON ;

BANOHESTER * COUNTY BANK."LIMiTEB;"

^ ' MANCKBSTSR. PATABLE IM LONDOH;

ULSTER BANKING COmPANY,BELFAST, IKBLAND

Ain> OW THBNATIONAL BANK OF SCOTLAND,

BDINBUBe, AND BRANCHES:ALBO.

OABI.B TRANSFERS AND LETTERS OF CREDIT

J.& W.Seligman&Co.,

BANKERS.No. 28 BROAD STREET,

Netr York.

Issue Letters of Credit for Trayelers,

Parable In eut part of Europe, Asia, Africa, Aus-tralia and America.

Draw BUIs of Exchange and make TelegraphicTransfers of Money on Europe and California.

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

No. 4 Poat Office Square, Boston.CWEQUES AND CABLE TKAN^FERS ONiTIUNROE Sc CO., PARIS.

BTBRLINO CHEQUES AND BILLS AT SIXTYDAYS' SIGHT ON

ALEXANDERS & CO., LONDON.

CiaopiJtB NoTgs A'ia c.ftiiPTT" roTi Travhtjitis.

NEW YORK: LONDON

:

PARIS

:

aSI'KcJDINjKr. W. RUSSELL WISK. T.E.DAV1S.

William Heath & Co.,(BSTABLISHED 1881.)

BANKERS AND BROKERS,

No. 80 BROADWAY, NEnr YORK.Members of New York Stock Exchange.

FOREIGN EXCHANGE. CABLE TRANSFERS.

William Heath & Co.,10 Tbrosmorton Ave., London, Ens.Draw Bills of Exchanire and transact a general

financial commission business. Particular attentiongiven to American Securities.

William Heath & Co.,No. 19 Rne Scribe, Paria.

Orders solicited for Txindon and American marketsfor Investment or on margin. Railway, State and CityLoana negotiated.

Feroisn Excliaii^fe.

August Belmont 6c Co.,BANKERS,

Nob. 19 & 21 Nauau Street,

Issue Travelers' Credits, available In all parts of the

world, through the

MESSRS. DE ROTHSCHILDand their correspondents.

.Uso Commercial Credits and Transfers of Moneyon California, Europe and Havana.

Jesup, Paton & Co.,

BACKERS,62 W^llUam Street, New York.

Accotmts and Agency of Banks, Corporations,

Arms and Individuals received upon favorable terms.

Dividends and interest collected and remitted.

Act as agents for corporations in paying couponsand dividends; also as transfer agents.

Bonds, stocks and securities bought and sold onmmisslon, at the Stock Exchange or elsewhere.

Sterling Exchange and Cable Transfers boughtand sold.

BILLS ON THE UNION BANK OF LONDOW.

K-idder, Peabody & Co.,BOSTON, MASS.,

Cor. Wall and Hassan Ste., New Tork.

FOREIGN BAM4ERS.

CABLE TKAUSFERS, BILLS OF EXCHANGEAKD

COUMEKCIAL AMD TbAVELEBS' CRBDITS.

CORRESPONDENTS i

BARING BROTHERS d: CO„ Loadon.PERIER FRERES & CO., Paris.

MENDELSSOHN it. CO.. Berlin.

Schulz & Ruckgaber,BANKERS.

16 EXCHANGB. PLACE, NETT TORKCORRESPONDENTS OF THB

International Bank or London(Limited) London.

neasra. John Borenberg, Goasler tc Co.Hamburg.

OommerdalandTravelers'Credits. Bills of ExchangeCable Transfers.

John S. Kennedy. J. Kennkdt Tod

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

DOMESTIC AND FOREIGN BANKERS,DRAW BILLS ON LONDON.

BDY BILLS OF EXCHANGE.ACT AS AGENTS FOR BANKS, BANKERS ANDRAILROAD COMPANIES.Issue Commercial Credits and Foreign and Domestic

Travelers Letters of Credit In PoundsSterling and Dollars.

BUY AND SELL INVESTMENT SBCCKITIESiCollect Dividends, Coupons and Foreign and Inland

Drafts.

LONDON CORRESPONDENTS:Messrs. MELTiLi.B, Evans A Co Messra. G. JHaubro a Son

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

Canadian Bank of Commerce,IB EXCHANGE PLACE,

BUTAND SELL STERLING EXCHANGB, CABLETRANSFERS, ETC.

IS30B COMMERCIAL CREDITS, AVAILABLEIN ALL PARTS OF TUB ^ORLD .

THB

Anglo-Californian Bank(LIMITED).

LONDON, Head Offlo.e, 8 Angel (;oan.SAN FHANCIit<!0 Oflice, 4M Callfomia St.

NEW YORK Agints, J. & W. Selieman & CV,.

BOSTON Correapond'ts, Massacliiuetts N. B'k.

Anthorlzed Capital, - - ^«,000,000.Paid np and Reserve, - I,T00,O00.

Transact a general banking business. Issoe Com.merolal credits and Bills of Exchange, available Inall parts of the world. Collections and orders forBonds, StookB, etc.. executed upon the most favor.able terms, fred'k k. low, (

„

lONATZ 8TE1NAABT. ("'"'***"

P. N. LILIENTUAL, Cashier.

rorcigfii Exchange.

Kountze Brothers,BANKERS,

130 Broadway (Equitable Bolldlns),NEW YORK.LETTERS OF CREDIT AND

CIRCULAR NOTESlasued for the use of travelers In

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

Telegraphic transfers made to London and tovarious places In the United States.

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

Government and other bonds and investment securltles l)OUKbtand soit^ on commti'Hlc:.

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

BANKERS AND BROKERS,niUls BnUdlng, New York.

Members of the New Tork Stock Ezchang»Checks and Cable Transfers on JAMES T. BATES ft

CO., Geneva, Switzerland.

Foreign Banliers.

Nederlandsch Indischc

Handelsbank,AnSTERDAin, HOLLAND.

Established in 1863.

Pald'Cp Capital, 13,000,000 Gnildera($4,800,000 Gold.)

HEAD OFFICE IN AMSTERDAM.Agencies i)> Batavia. Boerabaja and Samarana

Correspondents In Padang.

Issue commercial credits, make advances on shipments of staple merchandise, and transaet otheibusiness of a financial character In connection withthe trade with the Dutch East Indies.

BLAKE BROTHERS & CO.,AOENTs FOB North Amiiuca,

18 WALL STREET, NEW TOKK.8« STATE STREET. BOSTON

The City Bank,"

(LIMITED.)

LONDON, ENGLAND.Anthorlzed Cnpital, ..... £4,000,000SubHcribed Cnpital, ...... 3,'.J00,00&Paid-up Capital, ...... isOO.OOO

Reserve Fund, £330,000.HEAD OFFICE, THEEADNEEDLE ST.

BRANOirBS:Tottenham Couit RoadBond Street, London,

Ludgate Hill, London,Knightsbrldge, London.Holborn, London,

London.Paddlngton, London.Aldgate, London.Old Street, London.

The bank, while conducting the general buslnesaof London Bankerii, gives special attention to theagency of Foreign and Colonial Banks.

A. G. KENNEDY, Manager,

Hong Kong & ShanghaiBANKING CORPORATION.

CAPITAL (paid-up) »S,000,0<»RESERVE FUND iJSBO.WO

BEAD OmCE, BONO KONO.The Corporation grant Drafts, Issue Letters of

Credit for use of Travelers, and negotiate or collectBills payable at Bombay, Calcutta, Si ngapore, SaigonManila, Hong Kong, Foochow, Amoy, NIngpoShanghai, Hankow, Yokohama, lliogo, San iiVanlris-co and London.A. »!. TOVVNSEND, Agent, it William St.

Adolph Boissevain & Co.BANKERS

ANDCOMiniSSION MERCHANTSt

AMSTERDAM, HOLLANDN. T. Correspondents—Messrs. BI.AKB BK03. & Co..

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

I.EIPSIC, BERLIN, moscoir)NIJNI-NOVGOROD, during t)ie Fair

Commissioners & Foriraraiiig Agents,.]

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

1

Amounts : execute all orders in the line of BaiikinConnnisslcn and Forwarding Business on the momoderate terms.Ship-owners arc requested to address vessels bounds I

for Keval unto the cai-o of

GERHARD & HEY,EEVAL, RUSSIA.

Jansart 13, 1883.] THE CHRONICLE.

Forciffn Bankers.I

New ICiikIuikI Buiikcrit.

Bank, of Australasia,(INCORPOIIATKD 1885.)

No. 4 Tlirsadncedle 81.. Londan, Encland.PAID-UP CAPITAL. £1.200.000.

UNDIVIUKU PKOFITii (IncluilInK (iuuruntM UAItoserre randa) £453, lU.

Letters of Credit and Drafts Issued on the 101

bntnoheeof tho Bnnk In tlie Colonies of gtieensland,KewBouth Wales, Victorlii.doutti Auntnilia.Taama-Dta. and New Zealand. Bills noifotluted ur sent forCollection. TeleKraphlo transfers made. Uoposltlreoelred la lx)naoD at Interest fur dxcd periods ooterms nblcbmar be ascertained at the otfioe.

PHIDKAUX SEIiBY, IJecreUrr.

Canadian Bankers.

AGENCY OF THE

Bankor

British North America,No. 52 IVALIi SXRE^ET.

Buy and soil Sterling Exclmngoand Cuble Trans-

fers. Issue demand drafts on Scotland and Ireland,

td30 on Canada. Brltlah Columbia, Portland, OregonSan Francisco and Cblcago.

Bills oollccted and other banking business trans-

acted. D. A.Mcl'AVISU,?W, LAWSON. (

Agents.

Merchants BankOF CAXADA.

Capital, 85,700,000 Paid Up.President, Sm nuail ALLEN.

Vice-President, KOBKKT ANDEKSON, EsqBEAD OFFICE, mONTREAIi.GEORGE HAGUE, Genonil Manager.J. H. PLUMMEU. Asslstiiut General Manager.

BANKERS:LONDON, ENG.—The Clydesdale Bank fLlmlted.)JiEW Yollli—The Bank of New York, N.B.A.

The New York AROncy buys and sells Sterling Et-clianKe, (able Transfers, Issues Credits available laall parts vf tho world, makes collectloms In Canadaand elsewhere, and issues Drafts payable at any ofthe ottlces of tho bank In Cana^la. bemand Draftsls.sued payable In Scotland and Ireland, and everydescription of foreign banking business undertaken

Nenr York Ageuc]', 48 Exchange Place.

Agents.HENRY HAGUE,JOUN B. HAUKtS, JB.,

Bank of Montreal.

CAPITAL, - -

SLKPLLS, - -

- $12,000,000, Gold.- 95,500,000, Gold.

C. F. SMITHERS, President.

W. J. BUCHANAN, General Manager.

Nos.

XEW TORE OFFICE,

59 & 61 HALL STREET.

ALEX'B LA.VQ, ( Agents.

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

available in any part of the world: Issue drafts on^

And make collections In, Chicago and throughout theDomiuloa of Canada.

London Office, No. 9 Blrcliln Lane.

Imperial Bank ofCanada.CAPITAL (paid up), - - -91,300,000RESERVE, ....... 9460,000H. S. UOWLAND, Prest. D. R. WILKIB, Cashier

UEAD OFFICE, TORONTO.BICAXCHES:

St. Catharine.., Port Colbome, St. Thomas, Ingersoll,WeUand, Fergus, \Vood.**tock,Winuipeg, Man.,

Brandon.Dealers In American Currency & Sterling Exchange.

Agents in London : I Agents In New York:B0SA^fQL•ET, SAi.TiCo., Bask ok Montueal,

73 Lombard Street.I

69 \YalI Street.

Promptest attention paid to collections payable Inany part of Canada.Approved Canadian business paper discount^ at

the Hejid Office on reusonable terms, and proceedsremitted by draft on New York.

Gzowski & Buchan,BA2(SKBa AND 8toce Bboebes,

TORONTO, CANADA.Prompt attention Kiven to Collection of Commer-

Cial Bills and Canadian Funds on all points in Canada; American and Sterling lilxcbangei and StocksBonds, etc., bought and sold.Correspondents—Bank ot £*ew Tork, KflW 7orX

^''d AlU&uce liaok, L ?3dOB,

Brewster, Basset & Co.,

BANKERS,No. 35 CONGRESS STREET,

BOSTOIV.MEMBERS OF THE NEW YORK AND

BOSTON STOCK EXCHANGES,ALSO,

Dealer* In municipal. State, Railroadand United State* Bond*.

Perkins, Dupee & Co.,

(Formerly CnAS. A. Swkit & Co.),

BANKERS AND BROKERS,No. 40 STATE STREET,

BOSTON, MASS.Dealers in Municipal, State and Uauroad Bonds.

Bank of Deposit,84 Devonshire tb 20 Water 8t«i.,cor.opp.P.O.

B O S T O.N .

IiUerest on deposits subject to eheck.Bonds ami other investments bought and sold.Correspondence invited.Orders executed at Boston and Xew York StockExchanges, of which ucare 7nembers.

F. A. Hawley & Co.,BANKERRS.

Parker & Stackpole,BANKERS,

No. 60 DEVONSHIRE STREET,

BOSTON.

Bitlllmorc BitnkvDi.

JOSHUA WiLBOtIR, CHARLES H. SHELDON, JR.BENJAMLN A. JACK80N, WlLLLAM BiSNKY, JR.

Wilbour, Jackson & Co.,BANKERS AND BROKERS,

52 WElc'BOSSET STREET,PROVIDENCE, R. I.

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

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

Buy and sell Government, State, Municipal and

Railroad Bonds and Stocks. Investments for Sav-

ings Banks a specialty. Correspondence solicited.

PeiiiisfIvania Bankers.

Geo. B. Hill & Co.,BROKERS,

PITTSBURG, PA.,Bu7 and sell all <^a«8es of Western Pennsjirania

Securities. Correspondence solicited.

Jos. M. Shokmaker. Robert M. Janvey.

Jos. M. Shoemaker & Co.BANKERS AND STOCK BROKERS,

No. 134 SOUTH THIRD STREET,PHILADELPHIA.

Dealers In all Issuesof United States Bonds. Invest-ment Securities a specialty. Correspondence Invitedand fuU information upon Iinanclal subjects furnished

E. W. Clark & Co.,B A N.K ER S ,

No. 33 Sonth Third Street, Philadelphia.

DBALEB3 IN CAB TRUSTS AND OTHBR IN-VKSTMKNT SECURITIES.

Stocks and Bonds bought and sold on Commission

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

No. 207 WALNUT PLACE,PBII.ADELPXUA.

John A.Hambleton&CoBANKERS AND BROKERS,

No. 5 SOUTH STREET,BALTinORE.

Connteted by Special Win with Xtu> Vafk ana PhUti-delphUi OorrttfondenU.

Traoaoct a General Banlttiig Biuloeu.Buy and Sell on CommlMJon In thia and other eltla*

aU desortptlona of Stocks, Bond* and Securities.

Special Attention given to Inrcstm^ntsLoans negotiated and advances made on approved

collaterals.

Deposits received subject to chock at sight.

Collections on all points in U. S. and Canada.

Robert Garrett & Sons,BANKERS,

No. 7 SOUTH STREET,BALTIMORE,

TRANSACT A GENERAL DOMESTIC ANDFOREIGN BANKING BUSINESS.

J. W. MimnENDOHF, W. B. OLrVEU. C. A. Alberti.Members Baltimore Stock Exchange.

Middendorf,Oliver& Co.BANKERS AND BROKERS.

S. Xir, Corner German & South St*.,P.O. Box 227. BALTI.MORE.9Id.Special attention given to the negotiation of For-

eign Bills of Exchange, Collateral Loans and Com-mercial Paper.INDICA I'ORS AND TELEPHONE IN OFFICE.

Wilson, Colston & Co.,BANKERS AND BROKERS.

BALTinORE.INVESTMENT and VIRGINIA SECURITIES a

specialty.Correspondence solicited and information fur-

nished.N. Y. Correspondents—McKlm Brothers & Co.

Soutlierii Bankers.

THE CITY BANK OF HOUSTON,CAPITAL, 9500,000,

Houston, Texas.We give special attention to collections on all

accessible points.DIRECTORS.—Benjamin A. Botts, Pres't; F. A.Rloe,

C. C. Baldwin, W. B. Botts, Rob t Brewster, 8. K.McUhenny. B. F. Weems.B. F, WEEMS. Cashier. BKNJ. A. BOTTS.Pres't.

THOS, P. MILLER. B. D. WlLLtAMS. JN'O. W. MILLED.CHAS. B. MILLER.

Thos. P. Miller & Co.,BANKERS.

MOBILE, AliABAIVA.Special attention paid to collections, with prompt

remittances at current rates of exchange on daj ofpayment.Correspondents.—National Bank of State of New

York, New York; Louisiana National Bank, NewOrleans ; Bank of Liverpool. Liverpool.

E. E. BuRRUSS, Pres't, A. K. WALKER. Caahler

First National Bank,W^ILmiNGTON, N. C.

Collections made on all parts of the United States.

WM.C.CouBTNET.Pres. Ernest H.PEiNOLi.Cash

BANK OF CIIARLESTOX,NATIONAL BANKINQ ASSOCIATION,

CHARLESTON, S. C.Special attention given to Collectioks.

R. U. mALRY & CO.,STOCK BROKERS,

RICHMOND, VIRGINIA,Buy and sell Government, State. Municipal and

Rallrnad Bonds and Stocks, xc. Virginia StateT&x-Receivable Coupons bought and sold. All orderspromptly attended to.

New York Correspondent, TERMILTE i CO.

MERCHANTS' NATIONAL BANK,RICHMOND, VIRGINIA.

Collections made on ail Southern points on beetterms; prompt returns.

JOUN P. BRANCH, President.John F. Glenn, Cash. Fred. R. Scott. Vice-Prest.

THOnAS BRANCH A CO.,BANKERS AND COMMI.^SION MERCHANTS.

RtCHiTIOND, VIRGINIA.Virginia Bonds funded imder the Funding Aet

passed by the last Legislature, fo . ^ per cent oommu-slon. New North Carolina 6 percent bonds, secoredby lien on the State's sto«k III the North CaroUiui

' BaUxuad, for sale.

THE CHRONICLE- fVoi.. XXXV r.

Western Bankers.

Mortgages on FarmsAND

Kansas City Real Estate,

NETTING SEVEN PER CENTSemi-Annnal Interest to InTestors.

"We negotiate Loans on improved and productivefarms in the best portions of Kansas and Missouri,wortii from ttiree to live times tlie amount loaned.AcltnowlcdBPd to be ttie most SAFE and PUOFIT-

B1.K form of Investing money known.In an experience of many years and loaning two

mUiion dollars, not one dollar lost.

We assume the responsibility of MAKING ONLY8AFK lyOA.NS; of coliectins the interest and prin-dpalandrcmtltinKtu investors, FREE OF CHAKGE,and in ca.se of any trnuble or delay in making suchcollections, AtiUKKlN'O TO STAND ALL EX-^KNSK and SIIIKLI) INVESTORS FROM LOSS.TITLES (iCAKANTEED. ALL FUNDS PROMPT-LY PLACED. Write f(tr circular and full particulars,stating amount you would wish to invest on satisfactory evidence as to securities, titles, &c. Address,

H. P. mOROAN,GENERAL AQENT FOR NEW ENQLAXD

No, 3 Cnstom House Street,

protidenoe:, r. i.,

ORJARVIS, CONKLISr & CO.,

LOAN BROKERS,

KANSAS CITY, MISSOIJRI.

P. F. Keleher & Co.,305 OLIVE STREET, ST. LOUIS, m^Flrst-clftas Westom Investment Securities for salt

St. IjouIs City und States of Missouri, Kansas, TexasArkansaa and Colorado (loads a specialty. Full In-fonnation plven In reference to same on application.Coupons and Dividends collected.

Sam'l A. Gaylord,ST. LOtJlS,

DEALER IN WESTERN SECURITIESDefaulted County, Township and City Bonds of

Miaaouri, Kansas and Illinois bought at best rates

InTestment Secortties for sale. Correspondence

oUoited.

TBOS. M. Thohnton. Wm. W. Thornton, Cash

W. F. THORNTON & SOi\,(Established 1859,)BANKERS Aryu BROKERS,

BHELBYVILLE, ILLINOIS.Collections made in Shelby and adjoining Connties

»na Proceeds remitted on I>ay of Payment.REFERENCKS-Natlonal 'iankof Oommeroe.New

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

THE AVESTERIV

Farm Mortgage Co.,I.AWRENCE, KANSAS,

2??.^',.^°,'."''.'"^"" ""* ''^•'"^ securities in the market.E»'i?,V=*'V'F'''^"'=>"'^NS UPON IMPROVEDFAR.MS. Interest and principal paid on day of ma-turity in New 1 ork. Funds promptly placed. Largeexperience. No losses. Send for circular, referencesSi u'S'i;'';-'^"™,'-

•'•*• I'KI'KINS. President; J. T.^ul\^^V.^ty^SSh} „\'- "• CKRKINS, Secretary;CHAS. W. GILLKTT, Treas. N. F. UART Auditor

'^•Z- ?J''^.*'" \. STATB BANIC,JC. T. Walksb

Pre»ldenU ( Incorporfed 1S75. J Cashier.

German Bank,LITTLE R04 K, ARK.

CAPITAL (Paid-in) 8^3 «„,,8URPLU8 a3,o"»Prompt attention given to all business In our Un«N. Y.COBUlJ8PON))K.VT8-l)<innell, Lawson i Comndthe Metrouolituii Nutlonxl Kank.

'laiK-ial.

BHCKUAN 8. JbwBTT, Pres. .lOSIAH JEWETT,V-PresWILLIAM C. CoRNWELL, Cashier.

Bank of Buffalo,CAPITAL «300,000.

BUFFALO, N. Y.

^Is bank has superior facilities for making col-lections on all aicesaiblo points in the UnitedStates, Canada and Europe. Liberal terms extendedto accounts of bankers and merchants.CoKH«8PoNi)ENT8.-New York, National Shoe*leather Bank; London, Union Bank of London.

C. H. Bachem,aMTE LIMBBHT A CO.)BANKER ANB BROKER,

19 4 21 NASSAU ST., NKW YORK.Member of New York Stock Exchange.

Stocks and bonds bought and sold on corfor cash or on approved m.' "-'". ''ollectinnaUi»t«d et«t«t and Surope |

°

Financial.

THOS. a. VYSE. TH03. A VYSE, JH. C. C. BBOCNW. E. D. VYSE, Member N. Y. Stock ExclMni/t.

Vysse, Sons & Broun,B.4NKERS AND BROKERS,

No. 3 WALI, STREET, NEW YORKStocks. Bonds and Government Securities bought

and sold on commission. Interest allowed on de-posits snbject to check at sight

Stewart Brown's Sons.W.>f.HAn.wAN' Brown. Dattson Brotvn.GEO. Alexander Brown, Memb. N. Y. Stock Excb

No. 38 PINE STREET,NEW YORK.

Gorernnient Securities, Stoclis& BondsBouoht and Sold on Commission.

n commiBslon j^iona made In I

c?G Co.B A Sf K E R S ,

No. 18 WALL STREET,Neiv York,

Transact a Genenil Banking Bnsiness, Includingthe purchase and sale of STOCKS and BONDS forcash or on margin.

Bay and Sell luTestment Securities.p. O. BOX 2,647.

A. M. KIDDER. WAYLAND TRASK. H. J. HoRSE.W. C. IIILL.

BANKERS,38 Broadway, cor. Exchange Place. N. YBranch Office, ViS l.a Salle 8t.. Chicago.

TRANSACT A GBNKKAL BANKING BUSINESS.INCLUDING THK PURCHASE AND SALE OFSTOCKS AND BONDS FOR CASH OR ON MAR.GIN. BUV AND SKl.l, l.NV USTMISNT SECURI-TIES. INTEREST ALLOW KD ON DEPOSITSSUBJECT TO CHECK AT SIGHT.

P. O. Box 447.D. A. BOODY, C. W. MCLELLAN, Jr.

REUBEN LELAND.

glXijvs,pouDEN 3Jejvi^ins,

25 fiNe §T. - r^euu^CRK-

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

classes of Securities dealt In at the NEW YORKSTOCK EXCHANGE, or all reputable Securitiesbought and sold In the OPEN MARKET. LOANSand COMMERCIAL PAPER negotiated. Interestpaid on DEPOSITS, snbject to check.

WANTED BV

Col. 4 Tul. RR. 1st & 2d 7s. C. Rap. la.F.i N.W.lst 7s.

Col.&Hock.RR. I8t&2d7s.Ohio & West Va. 1st 7s.

Jeff. Mad.& Ind.lst & 2d 78.

C.Ham.&D.RR.Con.8s&7s.Milwaukee City Water 78.

Cincin'ti City 0s,7s&7 S-lOsCin. Ind. St. L. & Chic. RR. Ist Con. Bs.

mills Building,Wall Sc Broad Sts.,N.Y.B. 11. Den.si.ow, Member N. Y. Stock Exchange.D. A. KASTON. U. U. HERTS. S. H. NICHOLS.

P. O. BOX 1589,

BANKERS,UNITED BANK BUILDING,

Wall Street, Corner Broadway,STOCKS, BOXDs A comhehuial paper.stocks and bonds bought and sold on commission atNew York Stock Exchange. Advances made on busi-

ness paper and other securities.

Wm. D. Hatcu,Member N. Y. Stock Exch.

Wm. B. KlNDALI,.

No. 31 WALL STREET,

BANKERS AND BROKERS,__ 1 Beter to Meun. Fus A HAiOB.

JPlnancial.

The Brooklyn Trust Co.Cor. of Montague & Clinton sts., Brooklyn, N. Y.

This Company Is authorized by special charter toact as receiver, trustee, guardian, executor, or ad-ministrator.

It cim act as agent in the sale or management ofreal estate, collect interest or dividends, receiveregistry and transfer books, or make purchase andsale of Government and other securities.Religious and charitable institutions, and persons

unaccustomed to the tran.'.ai.tion of business, willfind this Company a safe and eftnvenient depositoryfor money. CHAS. R. M .\ RV IN, Vice-President.

TRUSTEES:John P. Rolfe, Chas. R. Marvin, Henry K.Shcldon,B. F. Knowlton, Dan'l C hauncey, John T. Martin,H. E. Pierrepont, Josiah O. Low, Kdm'd W. CorliesAlex. M. White, Alex. McCue, Fred. Cromwell.Henry Sanger, A. A. Low,

WM. H. MALE, Secretary.

Bankers' Safe Deposit CoUNITED Bank buildtno,

Cor. Wall Street and BroadTVay.

s aT'e sOF MOST APPROVED CONSTRUCTION FOR

Baulcers, Brokers, Merchants, &c.

DEPOSIT YOUR SECVRITIES.IN THE

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

Under the National Bank of the State of New York,.

BURGLAR AND FIRE PROOF..

Bonds ofSuretyshiip.FIDELITY & CASUALTY CO.

OF NEW TURK.Assets $400,000 00Capital invested in U. 8. Bonds iibO.QOO 00On deposit with Insurance Department.. 100.000 00Oflieiala of Banks. liuiiroads and Transportation*

Companies. Managers, Secretaries and Clerks ofPublle Companies, Inslilutions and Commerclulifirms, can obtain security from this Company, atmoderate charges.i he bonds of this Company are accepted by the-

courts of the State of New Vork.Full Information as to details, rates, *c., can be-

obtained on application to head othce, 171* Broad-way, N. Y.Wm. M. Uichards, Prest. JouN M. Crane. SeoY,

U. BLAClcand W. IIauvey LEE, Inspectors.DliiEOTuKs—George T. Hope.G. G. Williams, Geo.

8. Coe, Charles Dennis, J. S. T. Stranahan, A. B.Hull, A. S. Barnes, S. B. Chittenden, H. A. Hurlbut,yy,-- 'i- f,'".*^- ""'•W Dows. J. D. Venullye, Alex.Mitchell, Wm. M. Richards.

Bonds of Suretj^ship.FOR OFFICERS AND EMPLOYEES IN.

POSITIONS OF TRUST.

The Guarantee Co,OF NORTH AMERICA.

Cash Capital fSOO.OOOCash Assets over 375.000-Deposit with Insurance Department SiOO.OOO

c,„ ?''"'''''',!!';, Managing Director:SIB. Alex. T. Galt. Edwahu Rawlikos.

NKW VORK OFFICE:No. 178 BROADWAY.

New York Directors.—Joseph W. Drcxel, A. L.Hopkins, H. Victor Newcomb, Jolm I'aton, DanielTorrance. Edw. F. WInsiow. Krastus Wiman.

Transacts no other business.)

AMERICANFINANCE COMP'Y,

3 «fc » NASSAU ST., NEW YOllK,

31 S. THIRD ST., PHILADELPHIA.PORTLAND BLOCK, CHICAGO.

Capital Stock, $1,000,000

£j^.^

SOUND INVESTMENT SECURITIES fnrnlshe*to Corporate and Private Investors.CAPITAL PURNISHEU OR PROCURED for

Railroad Companies having lines under construc-tion, and their Bonds purchased or negotiated.FINANCIAL NEGOTIATIONS conducted

Counties, Towns and Cities, and for Railroad Companics and other Corporations.WILL CONDUCT THE FINANCIAL RB-OR-

GANIZATION of Railroad Compan>es and otherCorporations whose property la In the handa ofReceivers or Tmstees.WILL BUY AND SELL INVESTMENT SBCUB-

ITIBS on Commission.WILL BUY OR SELL DEFAULTED BONDS Or

convert them into interest-paying investmenta.Circulars and other information furnished on ap-

plication.

JOUN C. SHORT, President.^WM, P. W^ATSON, Sec'y and Xre«»,

'^.iHL

Januaiiy 13. 1889.J THE CHRONICLE.

FlnMieloli

The New England '

Mortgage Security Co.OFFKIIS POIt MALH

5 per cent ao-yenr HoikIs, $1,000 each,

SKIUKKI) nv KlUST MllUT(iAOKS ONl.Ml'KOVKI) KAIIMS.

•Oiijinintced, I'rliioljml un<l Intercut, by Its

CAPITAIi STOCK OPIntor.

. Iloniln !

.ipllon.

.if llK

9 1,000,000.«* July ! nnd .Ian. 1.

'ir pnviihlotn bcnr*r RtI'KMHlftl tnttu'iillcnllon

llio III'' ri\ osturs, IIS tlioyiire be-

iit'veU til hv iui LiiirlLXt u security ai* can l»*> ubtalned-

A iwmiihlet with full infonnatlon will bo soot onRppllcutlon to the comiwiny'ft ultlco.

43 niE-K STItKKT, BOSTO^T.DIKKLTOKS.

HSNWY SAI.TONdTAI-L, Al'STIS CORllIX.K. BM.KKTON I'KATT, J.HAXTKK Cl'llAM,

1. 1). KiUXSWOllTII. lilLMAN S. MoLLTOX,CHABI.KS 1.. KlINT.VICK-I'KKSIDK.NTS.

THOMAS WIOOl.KSWOllIU, UV.O. C. KlCnAUDSON,KLISUA ATKINS. .lOIlN WKUSTKU.

Amos T. FROTUiNdHAM.CnAULKS I,. KI.INT. I'rcsldent.

J. K. K. HRKWSTKR. Treiinnrer.

Metropolitan Trust Co.,17 Nassau St., New York.

PAID VP CAPITAI,, $1,000,000.Desljjnitted as a letfiU Depository by order of Su-

preme Court. Receive (lepo.'*lts of money on Interest.

act aa flsoal or transfer iM<CHt. or trustee for corpora-tlODfl and accept and exectite any lejnil trust* frompersoiu or corp<jration8 on as favoriiblo terms asother Blnillar companies.

THOMAS HILI.HOIJSK. I'reslder...FRKDBKU' D. TAl'l'KN. Vice-President ^

WALTER J. UHITTIN. Secretary.

Albert E. Hachfield,17 NASSAU STREKT.

Bonds and Investment ^eeuritles

WANTED:Indianapolis & St. Louis Ists.

Jollet & Northern Indiana lats.

Cincinnati Uamltton & Daftun Bonds.

Central American Transit Stock.

Mexican (CorUes) Bonds.

Colbron, Day & Field,

BANKERS AND BROKERS,

So. ir New i^treet, 130 I..i Hnlle Street,

Financial.

NEW YORK. CHICAGO.

Stocks and bonds bought and sold for cash or

on marKin

.

Interest allowed on deposits, subject to check at

Bight.

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

«*6 BKOA»WAV, NE}V YORK,DKALCKS IN

Plrst-Clasa Investment Secnritles.aOVKRNMENT BONDS, STATB. CITY, COtjNTTHAILROAIJ & MISCKLLANKOU8 SKUUKITIKB

Bought and Sold on CoiinnlsBlon.Virgima Tax-li«xivalile Couixms Bought.

SOUlUKRti KKt:UKITIEfi A SPKCIALIY.I.OA.NS -NKGOTIATIOD.

INTKHEST Allowed on Dbpostts.

No. 21 NASSAU STREET,

DEALER ly

CITY RAILWAY STOCKISQA8 STOCKS.

Telegraph au«I Cable Stocks.

TRUST COS.' STOCKS.

Bank Stocks. Insurance Stocks.

TO IXYESTORS.FOK SALE :

Staten Island Wharf Property,Klfty-flve City Lots, 500ft front on New York Bay.

PrlTllege of docking out fiOi) to 1,000ft. Suitable forwarehouses and wharfage for large vessels. Apply to

J. in. GILLESPIE;,No. 4 HANOVER ST., NEW YORK.

Member of N. Y. Produce and Maritime Exchanges.

SIXTY-THIRD ANNUAL STATEMENT; December «1, ISM) • '.

or THB

TP^TN A INSURANCE COMPANY,JLLiliirL HAllTFOUD, CONN.

CASH CAPITAIi $4,000,000 00Reserve for Bc-Insitraiice, (Fire) 1,573,729 40

Do do (Inland) 9,137 80Do Inpaid Losses (Fire) 17»,031«0So do (Inland) 41,310 20

All oilier Claims.. 54,;i«» 37NET SUBPLrS. 3,103 182 12

TOTAL ASSETS 99,054,010 58

AS FOLLOWS:- Markrl Value.Real Kstate unincumbered *;h?^'222 S5Cash on hand and In Rank i-i-'V-'J.; Z^;t^ S(Jrosa amount in the hands of Agents and In trwislt

'"^S'SiS S!L»Hn» on Bond and .Mortgage.. Tj'Si stLoans on ColUidTiil : •• -ofi'SS 22Slocks and Bonds '**?'2iS SiAccrued Interest '^ '""> '"

Total Assets of the Companr J9,054,810 58

I.ONNCK Paid in 64 Years, $54,660,000

W M. B. CLARK, Ass't Sec'y. J. GOODNOW, Secy. L. J. HENDEE, Pres't.

E. S. Bailey,7 FINE STREET.

DEALtNQS minsurance: stocks

A SPECIALTY.Cash paid at once for the above securities ; or tllCT

ViU be sold on commliwluu, at seller's option.

No. 2 Cortlandt Street, New York.

January Investments.Clev. A Pittsburg Con. and Kqulp. 7s. lOlS.

California Pactac Railroad Ists. Gold. 7s, 18B7.

Dayton 4 Michigan 2ds (now Ists), 7s. 18H4.

Chicago & Northwest. Extension 7s, 1885.

Union ft Logansport 1st 79, 1B05.

Columbus A Indianapolis Central 2d is, 1904.

Columbus ,4; Hocking Valley 2d 7s. 1892.Columbus HockliiK Valley & Toledo Cons. 5s, 1981.

Gmnd liapid.s ,t Ind. Guar. I.iind Grant 1st *s, ISSn*

Northern Paciac (Pend d'Orellle DIv.) 1st fls, 1910.

Northern PaclMc (Mo. River Dlv.) IstOs. 1919.

Holly W. A Mem. (now F. & P. M.) 1st Ss, 1901.

United Now Jersey Gen. (is, 1901.

Columbus ft Toledo, Ist 78, 1905.

CIIAS. T. WING,(With A. M. Kidder ft Co., Bankers,)

No. 18 WALL STREET.

Investment Bonds.FIRST-CLASS RAILROAD BONDS,

PAYING

5 Per Cent to t Per CentPER AKNUH ON AMOUNT lyVJESTED,

FOK SALE BY

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

DEFACLTED SECURITIEStaken In payment at full market rates, when desired.

REED & HURLBUT,52 TTILLIAm STREET.

FIRST-CLiASS

Investment Bonds.

8 % First ^lorigage^OS

COTTON PLANTATIONS,WORTS TBREB TIMES THE LOAN.

For security, proflt. Income and area, these affordthe most desirable Income security in existence.These Investmeats are made under our personalsupervision, and are only to be obtained daring theWinter Months. Send for circular.

FRANCIS SraiTH A CO.,VICKSBUUO, MISS.;COLUMBUS, MISS.

INDIANAPOLIS, IND.;MONTGOMERY, ALA.;

Geo. K. Sistare's Sons,

ir NASSAU ST., NEW YORK,'DEALERS IN

FIRST-CLASS INVESTMENTS.Buy and Sell on Commission, for cash or on mar-

gin, all securities dealt In at the New York Stock

Exchange.Interest allowed on dally balances.

All deposits subject to check at sight.

Particolar attention to orders by mail or tele

graph.

County. City& Town Bonds ot We8t.StBteaWisconsin Central UR. Old Land Qiant Bonds

8t. Joseph ft Western IIR. Stock.St. Joseph ft Paciac UR. Bimds.City of St. Joseph Mo.. Old Bonds.International Improvement Co. Subscriptions.Brooklyn Klevated RR. Securities.American Cable Co. Subscriptions.Midland Railroad of N. J. Securities.i^hiciigo ,Si (inind Trunk Rlt. Secuiltles.

South Carolina RK. Securities.

Grand Rjiplds .V Indiana KK. Mock.ClnoUuuiti Riclimond & l''ort Wayne Stock,

1)6) SI fINK tll&US,T, KUW YOA&

J.C. Chew,

No. 7 WALL STREET, NEW YORK.TEXAS RAILWAYS,

BONDS, LANDS, &e.Desirable Texas Securities for Investment con-

stantly on hand

THE OLEAN ic SALAMANCA RAIL-ROAD CO .M PA NY, New Yohk, .Ian. S, IHKl.—

A Special .Meeting of the Stockholders of the Cleanft Salamanca Railroad Company will be held at theoffice of J. & W. Scligman & Co., No. 21 Broad Street,in the City of New York, on the 5th day of February,18SJ, at 12 o'clock noon, for the purpose of takingInto consideration a joint agreement entered Intoby the Directors of said comi)any and of the ButfaloNew York ft Philadelphia Railway Company, the oil

City & (Chicago Railroad Company, and the BuffaloPittsburg ft Western Railroad Company, under thecorperate seal of each of the said companies andniilroads ; at wll ch time and place said agreementwill be submit ted t^> the stockholders of the Glean ft.

Salamanca R;iilroad Company for adoption or rejec-tion. By order of the Board of Directors.

ClIARLKS E. KIMBALL, Secretary.

THE BUFFALO NETT YORK AcPHILADELPHIA RAILWAY CU.MPA.VY—

New YollK, Jan. !i, 1883.—A Special Meeting of theStockholders of the ButTalo .New York & PhiladelphiaRailway Company will be held at the office of J. ft

W. SELU;.MA.\ & CO., No. 21 Broad Street, in theCity of Now York, on the 5th day of February, IKKt,

at 12 o'clock, noon, for the purpose of taking intoconsideration a joint agreement entered Into by theDirectors of said company and of the olean ft Sala-manca Rjiilroad Co., the oil City & Chicago Railroadrompany and the Buffalo I'ltLlbui-g ,St Western Rail-road Company, under the corpon.te seal of each ofthe said companies, for the consolidation of the saidcompanies and niilroads; at which time and ulacosaiil agreement will bo submitted to the stockholdersuf the Buffalo -Now York ft Philadelphia Railway Co.for adoption ^»r rejection.By order uf the Board of Directors.

F. S. BUELL, Secretary.

NORTHERN PACIFIC RAILROADCO.MPA.NV, TitK.\srKKK'sOKKicK, No. 17Broad

street. New York, November IS, Issa.

A Dividend of KLKVUN AND ONE TENTH PerCent has beeo deolared on tl^ Preferred stock ofthis Company, payable at this office on and afterMONDAY, the 15th day of January next, to theholders of said stock of record Dec. 10, 1882. m «veyears' 6 per cent obligations of the compimy, dated

The 'transfer books of the preferred stock will boclosed at three o'clock in the afternoon of Saturday,

the 9th dav of December, l.ssj, and reopeneil at ten

o'clock in' the forenoon of Tuesday, the IKthdayofJanoiy.lSSS. B/li.:BiSiaiNAP,

Treasurer.

S" ft M W.\LL STRKET, January 1. lS-'<l-_

THE UNDERSIGNED II.IVE THISday formed a copartnership under the style and

arm name of^C. HUMBERT ft SON. ^ „ ^

and will continue a general Hanking ana BtooKBrokerage Business at aW^e addreas.

Member N. V. s'tock Exchange^ .

jpuN J. c. uimiiiJi'r,

THE CHRONICLE. [Vol. XXXVL

Financial.

pHEmCAI. NATIOIV Ali BANK,NEWTORK, JanoaTT 9, 1883.—At the annnal election

Taj the Stockholders ot this Bank, held this day at

their Banking-hoQse, the following-named gentlemen

TTCre elected directors for the ensuing year

:

James A. Roosevelt, Robert Lenox Kennedy,

Krederic W. Stevens, Robert Goclet,

George G. 'Williams.

At a meeting of the Board, held subsequently, Mr

George G. WlUiams was unanimously re-elected

President.WM. J. QUINLAN, JR., Cashier.

pONTINENTAL NATIONAL BANK.New Vork, Jan. 10, 1883.—At the annual meeting

of the Stockholders of this Bank, held on the 0th

nst., the following wore duly elected Directors for

the ensuing year

:

Edmund D. Randolph, H. M. Taber,John T. Agnew, C. C. Baldwin,Cliarles 11. Marshall, Fred. Taylor,H. H. Baiter, \Vm. Turnbuil,Horace I'orter, George C. Clark,

W. D. Morgan,

And the following for Inspectors of Election

:

Alex. McL. Agnew, William Kevan,Thomas W. Evans.

And at a subsequent meeting of the Board of Direc-tors Mr. E. D. Rundtilpb was re-elected President andMr. John T. Agnew Vice-President.

F. TAYLOR, Cashier.

THE BANK OF NEIV YORK.—NA-TIONAL BANKING ASSOCIATION, New York,

Jan. 11, 1883.—At the annnal meeting of the Stock-holders, held on the 9th inet., the following-namedgentlemen were duly elected Directors for the en-suing year

;

Cbarles E. Bill. George H. Byrd,John N. Bradley. James Moir,Wm. Astor, G. Amsinck.James M. Constable. A. W. Hard,Charles M. Frv, H. B. Laidlaw,Franklin Edson, D. O. Mills,

Charles I). Leverioh.At a meeting of the Board of Directors, held this

day, Mr. Charles M. Fry was unanimously re-electedPresident and Mr. Richard B. Ferris was unanimouslyxe-elected^V ice-President.

E. S. MASON, Cashier.

THE BANK OF THE STATE OFNEW YORK, corner Exchange Place and William

Street, New York, Jan. 0, 1K8.3.-At a meeting of theStockholders held this day the following-namedgentlemen were elected Directors to servo for theensuing year

:

R. L. Edwards, R. G. Rolston,Jas. B. Colgate, Jap. T. Closson,D. D. Withers, Wm. H. Hays,Thos. Rutter. Effingham Tuwnsend,Henry Morgan, August Belmont, Jr.,Henry Hentz, John H. Rolston.

Ex. Norton.At a subsequent meeting of the directors held at

3 p. M., Mr. R. L. Edwards was unaiiitnously re-electedPresident, and Jas. B. Colgate, Vi'je-l'resldent.

JAS. T. CLOSSON, fecretary pro tem.

THE NATIONAL. BANK OF THEREPUBLIC, New York, January la, 1888.-At a

meeting of the stockholders of this bank, held on theftth inst., the following gentlemen were elected direc-tors for the ensuing year:

George B. Carhart, James B. Johnston,John J. Crane, Thomas T. Buckley,William H.Guion, Henry W.Ford,Sumner R. Stone, Wallace C. Andrews,Arthur B. Gnives, Dennis C. Wilcox,William S. Tisdale, George E. Simpson,Oliver S. Carter. William K. Soutter.

At a meeting of the Board held this dav, Henry W.Kord was unanimously elected President "and ThomasT. Buckley Vice-President.

E. H. PULLEN, Cashier.

THE HERCANTILE NATIONAI.. HANK OF THE CITY OF NEW ^OHK, NEWYouk, Jantiary 10, 1883.—At the annual meeting ofthe Stockholders of this Bank, held on the 9th inst.,the following-named gentlemen were duly electedXHrectors for the ensuing year

;

Isaac N. Phelps, Seth M. Mlllikcn,Charles P. Burdett, James E. Nichols,William C. Browning, Augustns G. Paine,Franklin K. James, George H. Sergeant,Henry T. Kneeland, Frederick B. Schenck,Emanuel Lehman, Charles M. Vall,William T. Moore, Isaac Wallach,

WllllamP. St. John.At a meeting of the Board of Directors, held this

day. Mr.Wllliam P. St. John was unanimously electedI'resident, and Mr. Charles P. Burdett was unani-mously re-elected V*lce-I*resident.

F. B. SCHENCK, Ass't Cashier.

'PHE MEUCANTIliE NATIONAL^ BANK OF THE CITY OF NEW YORK, NewYOKK, Jiinuiiry 12. IXra.-At the regular meeting otli!?^?.'!'}.''."!.';^.!*'."''"'""

of this Bunk, held this dav. Mr.FHKUKRICK B. SCHENCK was app<,lnted Cashier.WM. P. ST. JOHN, President.

Financial.

MARINE NATIONAL BANK, 78 AND80 WALL STltKKT, NFW YCIKK. Dec 26 ijffiFIfA.SECI.NI) D1V11)E.VD.-A dividend bf Four

per centum on the ( apita) St(iCk of this bank has thisday been declared out of the earnings of the pa"t sixmonths, iiaj able on and after January 2, l«8;j. Thetransfer books will remain closed unt If January

JOHN P. FISH, Cashier.

THE LAKE SHORE & MICHIGANBOUTHBRN RAILWAY CO.."*"*"

TltEASITllEK'S OFPICB, 1

Gkanii central Depot, i

_. „ , , New York. Dec. 22, 18S2.

1

The Board of Directors of this Company have tnisday declared a QUARTEllLY DlVIl>E>fD of TWOPKH CENT upon its capital stockf payable onTHURSDAY, tie FIRST day of FEBRUXffv ne«"The transfer books will be closed at 3 o'clock P V

ro FRIDAY, the 2Slh Inst., and will be feoSed onthe morning of Monday, the Oth rlav of yebioiarvnext. F. «-. VANDfiKBlLT, ActUig Treaeul^?.

'^

COLVITIBUS CHICAGO & INDIANACENTRAL RAILWAY CO.

FINAL NOTICE.The last opportunity to subscribe to the Reoiigani-

zation Agreement of July 1, 1882, or to comply withits terms where It has been already signed, is nowgiven to all jjersons interested In the securities andcapital stock of this Company.THIS PRIVILEGE WILL EXPIRE JANUARY

23, 1883, AT 3 1'. M.Signatures to the agreement will be received at the

otHce of the Union Trust C\»mpany, No. 73 Broadway,New York, provided that persons so signing shall sim-ultaneously deposit their, Cai)ital Stock. Bonds, orUnion Trust Company's Certificates (issued underprevious Bondholders^ Agreements), and pay suchassessment as is reqidred by the said ReorganizationAgreement.Purchasing Committee's receipts will at the same

time be ready for delivery.NEW York, J.aniiary 11, 188S.

^'il!v'R\^,J^IJ'.-Sg8SSk|L-%tlJOHN S. KENNEDY, )

Committee.

r)FFICE CENTRAL PACIFIC RAIL-ROAD COMPANY, San Francisco. Jan. 5, 1883.

THREE DOLLARS PER SHARE will be paid onpresentation of Dividend Warrant No. 15, on or after

FEB. 1, at this oflQce, or at the office of the CompanyNo. 23 Broad Street, New York. Transfer books will

be closed from 2 P. M. January 15 to 10 A. M. FEB. 3.

By order of the Board of Directors.

E. H. MILLER. JR., Secretary.

HANNIBAL & ST. JOSEPH RAIL-ROAD CO., 78 Broadway, new York, Jan.

12, 1883.—The Directors of this Company have thisday declared a dividend of Three per cent upon thePreferred Stock, payable Thursday, February 15, 1883.at this office. The transfer books of the Prefeil-edStock will be closed at three o'clock p. m. on Tuesday,the 16th, and reopen on Saturday, February 17, 188tf.

JOHN A. HILTON, Secretary.

ri'HE LONG ISLAND RAILROAD•* COMPANY, Dec. 20. 1882.-The Board of Directors

have this day declared a quarterly dividend of ONEPER CENTUM upon the capital stock of this Com-pany, payable on Thursday, the first day of Februarynext, at the office of the Corbin Banking Co.. 115

Broadway, N. Y. The transfer books will close Satur-day, January 20, and reopen Friday, Febniary 2,

1833. F. W. DUNTON, Treasurer.

OREGON RAILW^AY & NAVIGA-TION COMPANY, New York, Jan. 11, 1883.

The increased Quarterly Dividend of Two and OneHalf Per Cent (2;^ per ccnt> will be payable Feb. 1,

1883, at the office uf the Farmers' Loan & TrustCompany. The transfer books close January 20, andreopen February 5, 2883.

T. H.TYNDALE, Assistant Secret:iry

'THE PENSACOLA & ATLANTkTrR.-*- COMPANY. The Coupons due FEB. 1, 1883,

on this Company's f3,000,000 MORTGAGE BONDSwill be paid at the Hanover National Bank, No. 11

Nassau Street, New York, on and after that day.

F. De FQNIAK, President.

Financial.

ST. LOUISA SAN FRANCISCO RAIL-WAY COMPANY,

January 8, 1.S83.A dividend of THREE AND ONE-HALF (3!*) per

cent on the First Preferred Stock of this Companyhas this day been declared payable on and afterTHURSDAV, FEB. 1, 18H3. at its office 15 BroadStreet (Mills Buildingl, New York, to stockholders ofrecord upoE closing of the books, as stated below.The transfer books of the First Preferred Stock

will be closed on SATURDAY, JAN. 20, 188.1. at three(3) P. M., and reopened cm the morning of FRIDAY,!• KB. 2, 1S83. T. W. LILLIE, Treasurer.

( ENTKAL lOlVA RAILWAY' COM-J-

l'.\NV.-(.(.upou8 of first mortgage bonds dueJa:]. 15, l.S^'S, will bepaid at our office, No. 10 WallStreet. TAINTOR 4 HOLT.

IVTETROPOLITAN SAVINGS BANK,"^ Nos. 1 AND 3 THIltD AVENUE,(Onnosite Cooper Institute).FIFTV-NINTH DIVIDEND.

New York, Dec. 28, 1882.Interest for the six months ending December 31,

1882, will be paid on and alter January 17, ISKl, todepositors entitled thereto, in accordance with thelaws of the State and the by-laws of the bank, asfollows

:

On accounts which do not exceed J1,000 at the rateof r OUR Per Cent per annum.On accounts of more than *1,000 at the rate of

Ei'.y.?, .?';'' '^'^h' P^"" annum on the flrst »l,000andTHREE Per Cent on the excess.G. N. Coxki.in, tec'y. S. W. SNEDEN, Pres't.

r)EADWOOD-TERRA MINING CO.,18 Wall Street, New Youk, Jan. 9. 1883.

DIVIDEND No. 26.

A dividend of Twenty Thousand Dollars, beingTen Cents per share, has been declared for December,payable at the ofBeo of the transfer agents, Louns.^bery* Haggln, No. 18 Wall Street, on the 20th inst.Transfer buoks close on the 15th inst.

H. B. PARSONS, Secretary.

QOnsSTAKE niNING COMPANY,18 WALL Street, New York Jan. 12, 1883.

DIVIDEND NO. 53.

The regular Monthly Dividend of Forty Cents pershare hiu! been declared for December, payable at theoffice of the transfer agents, Lounsbery & Uaggin, 18Wall Street, on the 25th Inst.

Transfer books close on the 20th instLOUNSBERY* HAOGIN, Transfer Agents.

ESJl?"*'"f' KX«*ERIENCED liUSI--LiN ESS man and accountant, accustomed to managing detallsind skilled in organizing and sy^temTl/Xi& "*'""' e'-f'e^^evV'h <«pit„i?si,'1S;;'t'^;or Broker. (,,!., cuuonicle office.

Atchison Topeka& Santa

Fe RailroadTRUST mORTGAGE

SINKING FUNDSIX PER CENT BONDS,

DUE 1911.

Recommeudcd for Trust Funds.FOR SALE BT

KIDDER, PEABODY & CO.,113 DEVONSHIRE STREET, BOSTON.

No. 1 NASSAU ST., NEW^ YORK.

Minneapolis & St. LouisRAILWAY

FIRST MORTGAGE THIRTY-YEAR7 PER CENT GOLD BONDS

ON THE SOUTHWESTERN DIVISION.ALSO,

6 PER CENT GOLD FORTY-YEARFIRST MORTGAGE BONDSON THE PACIFIC DIVISION.

FOB SALE BYnORTON, BLISS &. CO.,

No. 25 NASSAU STREET.

To Trustees and Investors Seekingthe Placing of Funds wholly beyondthe Remotest Risk, wcRecomiucnd the

5 Per Cent First Mortgage 30 TearRenewal Bonds of the Little MiamiRailroad.This Company has never paid less than 8 per cent

annual dividends upon its stock for the past 30 years.Total bonded indebtedness, S1,.'SOO,UOO: Capitalstock, $1,837,300. We also ofler

Pennsylvania Company's 4?^8 of 1921,Chicago & Northwestern 5s of 1929,and other high grade investment secur-ities.

KVIIN, LOEB & CO.,31 NASSAU STREET.

ROCHESTER & PITTSBURG RAIL-ROAD COMPANY,

PRESIDENT'S OFFICE, 20 Nasgau St., New York.

TO THE HOLDERS OF THE INCOME BONDS.Gentlemen—The Board of Directors have de-

cided that a sufhcient number in amount of the In-come Bond holders of the Company have assented tothe proposition to accept Consolidated First MortgageBonds In exchange for their income Bonds, Ic justifythem in authorizing the exchange on the proposeaterms, viz.:

The Income Bonds will be accepted at tlfty per centof their face value in payment for the ConsolidatedFirst Mortgage Bonds at par. The holders of the In-come Bonds who assent in writing to the exchangebefore February 1st, IHNS, will receive the Consoli-dated Btmds at par "flat"—that Is, with interestfrom December 1st. 1883. The holders (.f the IncomeBunds who delay their assent until after February1st, ISs;^, will be obliged to pay the accrued intereston the Consolidated Bonds from December 1st, 18S2.in order to avail themselves of the privilege of mak-ing the exchange.The Consolidated First Mortgage Bonds will be

ready to deliver in e.tchango for the Income Bond*February Ist next, and it will facilitate matters if theholders of the Income Bonds will send 1 n their assentsas promptly as possible. Respectfully.

WALSTON H. BhJvvn, President.December 20th, 1882.

Howard Lapsley, ji.vnv Rf.wF»« t-D. S. WILLARD. HENRY BOWEKS, JP.

Members N. Y. Stock Exob.

Howard Lapsley & Co.,BANKERS AND BROKERS,

No. 6 WALL STREET,'Newr Y'ork.

Spencer Trask.Geo. F. Peabody. f^ed. B. A'oyes.

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.

Branch Offices,

Connected by Private Wires,

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

Albany,N.r.,65 & 67 State St.,W.A.Gkaves-Saratoga, N, Y., Grand Union Hotel

xmtkHUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.[tintered, according to act of Congress, In the year 1883, by Wh . B. Dama & Co., In the office of the Librarian of Congress, Washlngtoi^ D. 0.|

VOL. 36. SATURDAY, JANUARY 13, 1883. NO. 916.

CONTENTS.THE

Causes for the Increased Fail-ures

The Financial SituationThe Death of Gnmbetta andthe Peace Prospects

Kallroad EaruingA in Decern-ber, and from January 1 toDecember 31

CHBONieiE.luiports and Exports for No-vember, and for llio Elevenaud Twelve Months endedNov. 30, 1881 and 18S2 46

Monetary and CommercialEuplish News 46

Commercial aud MiscellaneousNews 47

42

43

THE BANKEKS' GAZETTE.Money Market, Foreign Ex-change, U.S. Securities, Stateand Railroad Bonds andStocks 49

Range in Prices at the N. Y.Stock Exchange 50

Quotations of Stocks and Bonds 51New York Local Securities 52Kailroad Earnings and BankReturns 53

Investments, and State, Cityand Corporation Finances.. 54

THE COMMERCIAL TIMES.Oommercial Epitome .^6 I Breadstufts 62Cotton 57 I Dry Goods 63

Thb Commekcial akd Finascial Chkoniclb is published in

Neio York every Saturday morning.

[Ent«red at the Post Ollloe, New York, N. Y., as second-class mail matter. 1

TERMS OF SUBSCRIPTiON-PAYABLE IN ADVANCEiFor One Year (including postage) itSlO 20.For Six Months do 6 10.Annual subscription in London (including postage) *2 7s.Sixmos. do do do 1 83.

Subscriptions will be continued until ordered stopped by a writtenor<ter, or at the pitblicaiion office. The Publishers cannot be responsibletor Remittances unless made by Drafts or Post-OlBce Money Orders.

EilTerpool Offlce.

The office of the Chronicle in Liverpool is at No. 5 Brown's Build-ings, where subscriptions and advertisements will be taken at theregular rates, aud single copies of the paper supplied at Is. each.A neat tile cover is furnished at 50 cents : postage on the same IS 18

cents. Volumes bound for subscribers at $1 00.

WILLIAM B. DANA li CO., Pnbliihers,WILLIAM B. DANAJOHN a. FLOYU. \ 79 & 81 WUliam Street, NEW YORK.

Post Office Box 958.

CAUSES FOR THE INCREASED FAILURES.Prettj- good evi(ience of the sound condition of mer-

chants, as a class, is found in the published statistics of

failures for 1882. "We say this unreservedly, notwith-

standing the elaborate tables of Messrs. R. G. Dun & Co.

show an increase both in the number of casualties and in

the amount of liabilities over 1880 and also over I80I,

and notwithstanding these facts, independently of all other

^considerations, warrant ths unfavorable interpretation

ffhich has been eo widely given to them. It should ho

fremembered, however, that failures alone are no proof of

general or even of growing insolvency.

The truth is, there always will be in every mercantile

^community a great many who do not succeed. Not every

aan is intended for a merchant. Many who make the

venture could be saved by constantly rising prices alone.

In legitimate business, however, the years are few that

lyield large profits. Competition is active, the margin is

Igenerally extremely small, and prudence, close attention

land cautious management win the prize. The circum-

Btances, therefore, of one year may make the record of

disasters larger than another, not because of & growing

insolvency among merchants as a class, but because the sur-

roundings are a more severe test of capacity.

Furthermore, the addition to the number of failures

may be only relative. Thus the past year was one of sseries during which the activities of the country were mul-

tiplying many fold, and the number of those entering upon

the mercantile profession increased largely. Since 1878

the number in business upon which Messrs. Dun & Co. 'a

Mercantile Agency base their reports has enlarged about

22 per cent. That is to say, their report at the close of

1878 covered 674,741 persons and firms in business, against

822,256 at the present time. Bearing that fact in mind,

it will be understood why, during 1879, the first year of

specie payments, the number of failures was about 95 hun-

dredths of one per cent of those in business, while during

the last year, notwithstanding the number of casualties

was larger, the percentage compared with the total in

business was only 82 hundredths of one per cent. To in-

dicate this feature clearly we have prepared the following,

which shows the total number in business, the total num-

ber of failures, and the percentage of failures to the num-

ber in business, each year since 1877, in each section.

Tears. Eastern. Middle. South'm Wesfm. Puciao,Ac Total.

1882.Number in business 88,669 248,748 12«,23l 808,485 S0,069 S29.256

Nomberof failures 772 J,667 1.618 1,9(0 731 6.738

rercentage of failures

to number in business 0-870 0-C72 1-281 0-632 1-460 0-610

1981.Number In business 87,325 211,373 118,606 291 ,3 19 43,038 781,688

Number of failures 772 1,372 1,43K 1,504 40S 5,582

Percentage of failures

to number in business 0-8« 0-568 1-213 0-516 1150 0-714

1880.Number In business 85,774 237,063 109,821 275 672 38,404 746.823

Number of failures 7S3 1,472 835 1,171 534 4.735

Percentage of failures

to number in business 0-843 0-621 0-760 0-42S f387 0-684

1879.Number In business 82.337 230,537 100,574 2S«,5»3 82.126 702,157

Number of failures »70 24990 1,076 1,608 714 6,658

Percentage of failures

to number in business 1178 0-993 1-070 0-627 8-283 0-84S

1878.

Number In business— 79.760 220.385 96,297 240.933 28.361 674.741

Number of failures 1,734 3,193 1.415 3,436 eiM 10,473

Percentage of failures

to number In business 2174 1-396 1-470 1-426 8-447 1-563

1877.Number In business— 77.724 284.707 91,783 231,587 20,235 652,C0e

Number of failures 1,353 3,049 1,078 2,756 OS 8,873

Percentage of failures

to number In business 1-741 1,SS7 1-174 1-190 »«M 1-361

The above statement not only presents the facts already

referred to, but indicates further that the failures of 1881

in the Middle States were the least in number of any year

in this record, so that the increase this year is very small

in itself as well as small compared with 18S0, and mach

less than in 187i»; while in the Eastern States there ^baa

40 THE CHRONICLE. fVoL. XXXVI.

been no (iifference in the number of failures during the

two years, and consequently in that section the percentage

has actually fallen off. But the chief growth in numbers

and in percentage will be found, by the above table, to

have been in the Western States, though the Sonthern and

Pacific States show an addition to the very large percent-

age of the previous year. We should say, in passing, that

the Pacific condition is special, having very little reference

to the business situation in other sections, and that the

record for the Southern and Western States is due to well-

known causes which we shall refer to later on. In a word,

then, this analysis bears out our remark above, that although

there has been an increase in the number of business dis-

'asters, the percentage of failures compared with the num-

ber in business not only indicates no unsoundness, but is

really less than might have been anticipated, especially

when we remember the great activity in enterprise during

late years.

Still we go even further and claim that the situation, as

disclosed by these figures, evinces great strength amongmercantile classes, this small percentage being a result at-

tained after a very severe ordeal; fqr the year's business

lias been of an extremely trying nature. Had credit been

dangerously expanded, as those claim who predict evil, the

same conditions would have long since produced a revul-

sion ending in a panic and universal discredit, for the year

began with very high values, and has been continued with

prices first weak and then declining from month to month,

except for a few articles, such as corn and provisions,

which have been in unusually small supply. Nor is the

full force of this decline indicated by any ordinary table

of prices, as the downward movement has extended to

nearly all manufactured articles, and been accompanied

during the past few months with slow sales and accumula-

ting stocks, a widespread crop disaster having preceded the

decline, forcing the country to secure even many articles

'Of food from Europe, and very materially lessening the

g)urchasing power of the producing classes. The truth is,

the gr«at activity which began in Wall Street with the re-

sumption of specie payments, and from thence extended•'to ali departments of business, giving to railroad buildingits remarkable impulse, greatly stimulated manufacture'OVerywhere; and when the crop failure and the check in

jailroad enterprise began to be felt, the reaction that set

in fell upon industries with producing capacity largely in-

creased and still increasing. And yet our merchants and-manufacturers have with few exceptions successfully metthese conditions. To-day their position is promising. Theraw materials are all low, prices of goods are felt to besafe, and before 1883 closes, the effect of abundant harvestswill be seen in a more active demand."Why the West and South take the lead in this list of

failures it is not difBcult to understand. The actual loss

in those sections through the bad harvests of 1881 was farmore general and severe in its effects than early estimates,the results only making themselves clearly manifest as thesummer of 1882 progressed. To show more fully thedifference between the sections, we give the followingcomparison for the two years.

Statks.

1882. 1881.

No. InBusi-ness.

No. ofFail-ures.

Perc't-agc o{Fail-ures.

Aver'ge No. InLlabill- Busl-

ties. ncss.

No. ofFail-ures.

Eaat«rn .88,(i89 772 1 In 114 $17,475^ 87,3".'>' 772

Mld<Ue ..'•24S,7-l-> 1,GG7 1 lul49 24 820 211 3731,372Southoin ]2U,2S1 l.OlSiliu 78 -'-fWestern. 30!i,4s.i 1,950 llul51Paoitlc <fe|

j

Terrlt's 50,059 731 1 In 68

3>>t«l U.sU22.2."50

9,101

«.''3=i 1 In 1 2" .1! .'i.O?©

12,997 118,000 1,4399,753 291,349' 1,504

Perc'tage ofFaU-ures.

liullS1 in 170lin 821 In 194

43,036 495llin 87

Aver'geLiabili-ties.

I$14,34l23,99811,44510,309

10,295

7'<1,e-'9 n.5S2 1 in 14n'ifll4.380

TJIH FINANCIAL SITUATION.

There is very little change to note in commercial or

financial circles this week. Speculators as well as

merchants appear disposed to await, not only the action of

Congress upon the tariff and other fiscal measures, but also

the operation of those natural forces of which deficient

and abundant crops are just now the leading influences.

This condition of affairs may be changed at almost anv timeby events of sufficient importance to influence the marketsbut present indications make it probable that the prevail-

ing dullness will continue for a time at least.

The fact which has perhaps puzzled the street this weekmore than any other, is the continued firmness in foreign

exchange. There are the best of reasons why the rates

should decline, but contrary to general expectation the

market remains steady and at the moment very strong.

We showed in our last, that the November trade figures

recorded a balance in our favoj- of about 26 million dol-

lars; that the December balance was likely to be at least

equal to and probably somewhat in excess of that total;

and now January points to a similar result, while the

large surplus of our crops still on hand and the decline in

the prices of general merchandise, indicate that exportsmust keep up well ; at the same time, imports

—

judging from the slackened demand for consumptioncan hardly fail to fall off considerably. Still, notwith-standing these are facts with regard to our foreign trade,

past, present, and prospective, we find not only a scarcity

of commercial bills, but such a demand for them that

they are readily sold when offered.

It does not seem easy to account for this inquiry. Thaimporters are taking very few bills for remittance

; thedemand appears rather to come from bankers, and it is soactive that they are giving full rates for commercial ster-

ling, francs and marks. Nor can we ascertain that these

bills are wanted for the purpose of paying for stocks andbonds brought from Europe; it appears rather that whilethere has been and still may be, some property of this

character sent home, the current movement is aboutbalanced by outgoing securities. The only plausible

explanation seems to be that there is still an adversetrade balance standing against us unliquidated. Buteven that view is a little difficult to accept. For thefive months of this fiscal year closing with November the net trade balance in our favor—counting silver

as merchandise and allowing for the gold imports

—

was about 22 million dollars. This the December total

should bring up to nearly if not quite 50 million dol-

lars. Besides, during the same six months, some bondshave been placed abroad, and the indications were, until

recently, that the general movement of securities wastowards London. Best judges have usually estimated that

100 millions a year would liquidate our annual indebtednop-

for interest, freights, &c., and anything above that amountstanding in our favor would have to be remitted for in

gold. As these figures show over 50 millions paid by usin goods and secilrities during the six months ending with

j

January 1, there seems to be good reason for the opinion]

all along expressed by us that a turn in the exchanges,

might be expected during this month. At all events it is

hard to see how such a change can be much longer delayed,if our trade continues to bear the character it has)

recently assumed.

The continued dull and dragging condition of the stock i

market has encouraged the disposition among some tO'

accept the exaggerated statements of the difficulties ini

the commercial situation, which speculators are continually!

giving currency to, for th^ purpose of depressing valuesj

Jakoabt 13, lets.] THE CHRONICLE. 41

We have heretofore shown that the facts did not warrant

these evil forebodings, and this week in a previous column

we analyze the failures for 1882, proving that there is

nothing in them to support such views, although they have

ooen used for that purpose. The truth is, there has been

no litile disappuiutuient felt among many because the har-

vest was not immediately followed with buoyancy and

activity. But no better reason can be urged for

expecting that, than existed for • supposing depression

would immediately follow the previous crop failure.

Under natural laws cause and effect seldom follow one

another quickly. We were rushing along under very

high pressure in 1881, and we entered well upon 1882

before the momentum was arrested; now, to look for a

renewal of activity before the last crops have been turned

into cash and another year of plenty is at least pretty

well assured, would seem to be without warrant. Our

people lost immensely in 18SI, and at a lime too when wewere spending with a very liberal hand. The past sum-

mer has not only saved us from disaster, but has given

the basis for a new start as soon as we can be assured

that the product of 1883 is to be favorable.

Just now the commercial outlook to us appears very

favorable both for the farming and manufacturing

interests. In the first place, there is every promise that

our crops, not only this season but next fall, will find fa-

vorable markets. The Mark Lane Express of the 25th of

December states that in Great Britain and on the Conti-

nent the acreage in grain will be, by reason of the floods

and rain, one-third less than this year. This would seem

.not only to insure a fair return for all our

present surplus, but a good demand for our

next crops. Then, on the other hand, our

manufacturers start the year with the prices of all

raw materials low and with the prospect of being able to

furnish their gocds at more tempting prices than during

former seasons. That condition always encourages trade.

If then the people could be assured that Congress would

show only a little wisdom, they would quickly feel a newhope, and the commercial prospect would appear ex-

tremely promising.

Of Wall Street the same story we have repeated for

many weeks is true yet, and that is that the stock markethas been dull about all (he time. The transactions havefallen from about 300,000 shares per day to less than half

that amount, and on Thursday and Friday the fluctuations

of leading stocks were within a very narrow range. Eachday the market has been advanced just before the close, as

if to encourage holders and to induce purchases, but un-

less the leaders succeed in imparting more activity

it is possible that present holders will become im-

patient and sell out, thus adding to the load

which the chief operators are carrying. The great

difficulty is, that non -professional speculators have at

present very little money to risk in these ventures. Their

legitimate business has not been sufficiently productive

during the past year, and the money they fut a year agoin stocks and staples has been swept away, making themfeel unable, or at least indisposed, to undertake such ven-

tures for the present. Then, again, the fact that the mar.ket is largely cliqued, while some of the best of the properties offered are under a cloud, deters investors. Stocksthat nave hitherto been regarded as reliable for invest-

ment have now become speculative to a very large extent,

and future dividends at current rates are not fully assured.

Hence even large railroad earnings have but little influ-

ence. There appears at the moment to be very little doingin securities between this market and London, and the

following will show reiative prices at the opening each day, I

Jan. 8. Jan. 0. Jan 10. Jan U. Jan. 18.

s.r. land-n N.r. Umd'n rr.r. Lmd'n w.r. Lmd'n N.r.vricu.' vrica. prkM.» vricn. priCfM.' fria-M. l>r(«*.' prUta, vrUM.' vrUm

D.S.4a.o. uaris ll«M IWW 11»M no as MOJi 119-07 IIVH 119-67 tUKD.S.SMa tOS'44 IM 108-94 W 108 64 108 1I£'4U 108 108-40 lOSBrie as BO 89M 40-81 *0H 80-VT 80H 40-01 40H 89-89 amMoon. 97-58 07 07 08 9: wes »7 97-80 97 97-80 «7M

(II. Cent. lis*) m:im 144-68 144^ 140-07 14 4% 146-88 144 146-88 144MK. r. C. iafl-71 iium 187 S8 187 I8684 U'OM 186*7 laOM 96-97 UtMReadlnir 8767+ ss 8r94f 66 87-88+ 63)4 27l(7t 54H «7 73» BBMOnt.W'n 26"il 26 86-48 2BW 8«-24 28K 80 87 88 86 87 s»St. P«nl. io;-8a 1C8K 107-10

1 lOfl^i 107-10 ioe« loaiM lOOM 106-64 lOOft

xoh'Re.oables. 4-8iSK 4-86 4-te 4S(»< *ten• Expressed tn their New York eqnlvalent.I KuudlUK ou bnala of $30, pur value.

Money on call has been in good supply during the week.

The most important feature is that the rates of exchange

on New York at interior points are now gradually turning

in favor of this centre. This is the case at Chicago, wherethe rate is 50@75c. per $1,000 premium

; at St. Louis it

is par ; at Savannah it is | of 1 per cent premium, and at

New Orleans the rate of discount is also decreasing. If

the current should set this way very strongly and if the

movement should be as decided this season as it has been

for the past two or three years, money could not fail to

be easy, notwithstanding the small balance the Treasury,

holds. After the 1st of April there is usually a temporary

outward movement for the settlements at that period.

In this connection one fact is deserving of mention, andthat is that the drain into the Treasury for customs is

light, and it may be expected so to continue if ourimports fall off as they promise to do, so that while the

surplus of the Treasury may be so low as to prevent

further calls for bonds, the banks will not require this

relief because of the lighter demand for customs. TheTreasury operations for the week appear to have resulted

in a loss, which is a gain to the banks, of $99,301. Theinterior movement was as follows.

Receipts at and Shipmentsfrom y, T.

Currency .

Gold

Total

.

Received.

$2,.527,000

18,000

$2,.545.000

Shipped.

$650,000-

$650,000

Last week's bank statement was made up on rising

averages. Considering this fact, the following will indi-

cate the character of this week's return.

Into Banks. Outo/Bankt Net Gain.

Sub-Ti-easury operations, net. .

.

$99,301

2.545.000$ $99,301

630,000 1,895,000

Total «2.044.301 $8.'.0.0ii0 $1,994,301

The Bank of England return shows a gain of £264,000'

bullion for the week and a further increase of £88,000 on>

balance on Thursday and Friday. The proportion of reserve

to liabilities was increased 7 13-16 per cent by a decrease of

over £4,500,000 in public and other deposits. The state-

ment of the Bank of France exhibits a loss of 7,425,009-

francs gold and of 3,200,000 francs silver, and the-

Bank of Germany, since our last, reports a gain of 14,-

400,000 marks. The following indicates the amount of

bullion in the priiicipal European banks this week and at

the corresponding date last year.

Bank of EnglandBank of FranceBank of Germany....

Fotal thU weekTotal prevloua week

Jan. 11, 18S3

Gold.

M20,617,441

37,898.852

7,033,787

Silver.

*20,262.17423,90"i,3.S2

6,539.730

(55,550.083 64,284,017 52,707.30065.403,0e3 63,872,017 5-2.654.236

43.182.654

21.101.363

Jan. 1-2, 1882.

Gold. Silver.

45.795,4lJff

19,619,250

65,414,71*6.'^.417.640

Government bonds continue active and strong with the

principal dealings in the new 3s and the 4 per cents, »nd

some holders of the latter are taking advantage of the

high premium and are selling and re-investing in the 3a»

42 THE CHRONICLE. [Vou XXXVI.

The Assay Office paid $184,276 through the Sub-Treasury

for foreign and domestic bullion, and the Assistant Treas.

nrer received the following from the Custom House.

Dutitt.

Oomigting of—

Art*. U.S. Gold Silver Cer-Gold.

Notes. Certif. tificates.

Jan. 5.. ^73,814 23 $19,000 $24,000 $383,000 $47,000

" 6.. 505,121 82 12,000 27,000 381,000 85.000

" 8.. 327,389 44 20,000 21,000 237,000 49,000

« 9.. 485,297 32 40,000 50,000 332,000 62,000

" 10.. 362,750 61 2.-),000 45,000 237,000 56,000

" 11.. 336.680 84 22,000 52,000 201,000 61,000

latal- $2,491,054 26 $138,000 $219,000 1,771,000 $360,000

THEDEATH OF OAMBETTA AND THE PEACEPROSPECTS.

The space which the deceased ex-Dictator, Leon Gam-

tetta, filled in the public mind of France and of Europe

generally, has been amply illustrated by his death. It

might not be fair to say that he has been sincerely or gen-

erally lamented. But there can be no two opinions as to

the importance attached to his death. In Trance opinion

was divided. Latterly Gambetta had allowed himself to

drift away from the more extreme section of the Radicals.

He was no longer in sympathy with them, and they felt

as if he had deserted them. But he showed no disposition

to rush to the other extreme. From Royalists and Im-

perialists he held equally aloof. It is safe, we think, to say

that he was sincerely devoted to the Republic.

A foreigner by extraction and an Italian like the First

Napoleon, like him also he was the most representative

Frenchman of his time. In the dark days which followed

upon the German invasion, it was he and he alone who

raised the nation from its knees, and though affairs were

desperate, put it in an attitude of defense. His services

at that time had given him a firm hold upon the affections

of the French people; and to his call more promptly and

more willingly than to the call of any other living manfor any great national purpose, they would have responded.

No one can deny that Gambetta was ambitious. As little,

however, can any one affirm that he ever abused his power.

His action in the matter of the scrutin de Uste gave birth in

many minds to grave suspicions. It was feared that his

ultimate object was the Dictator's chair, and that his elec-

tion reforms were conceived more in the interest of Gam-

betta than in the interests of France, Such suspicions,

however, were immediately disarmed by his prompt re-

tirement from office; nor was there anything in his subse-

quent conduct fitted to create suspicion as to the purity of

his motives.

How far the death of Gambetta at the present juncture

is to be regarded as a loss or a gain to France, is a prob-

lem not easy to solve. It might be found a labor of equal

ease to sustain the one position as the other; and there

can be no doubt that the value of the individual life to his

country is subject to various and diverse estimates. His

death, however, has a special interest to the outside world

—an interest not wholly apart from France, but an inter-

est in which France is only of secondary importance. It

was, in one sense at least, unfortunate for him that all, or

almost all, his great schemes for the restoration or aggran-

dizement of France touched foreign nations. If he had

been merely a domestic legislator, France might have

grieved or rejoiced at his death, but the outside world

would have been comparatively indifferent. The name of

Gambetta, however, was identified with what men are in

the habit of calling a rigorous foreign policy. It wasassociated with revenge for so-called national wrongs, with

the reclamation of lost territory, with the restoration of

France to her former proud position as one of the very

first of the great nations. Nor was this mere suspicion or

imagination regarding the French statesman. It was a

policy openly avowed and frequently and emphatically

enunciated. The Alsatians and Lotharingians, who sigh

for restoration to France, looked to Gambetta as their

champion; and their presence at his funeral and their

tribute at his grave testified to the sense of loss they had

sustained. The annexation of Tunis was a concession to

Gambetta by the government of the hour; and if his will

had been followed, the joint control would today have

existed in Egypt.

Gambetta was, therefore, in a sense, a living source of

disquietude to the outside nations. His advent to power

was looked forward to not only with anxiety, but with

alarm. In such an event a revived war with Germany

would have been almost a certainty. It would have re-

quired but the opportunity, the cause, or combination of

causes, the necessary international complications. These,

when wanted, are seldom far to seek. Such a war is not

to be contemplated alone. It means a contest in which

the whole of Europe would be engaged. It is quite pos-

sible that Gambetta as Prime Minister ®f France, or Gam-

betta as President of the French Republic, might have

been a very different man to Gambetta as the Deputy or

as the President of the Chamber. But we must deal

with men as we find them; and as we have no evidence

that the ex-Dictator had changed his opinions, we have

no choice but to conclude that however the death may be

felt by the French, it has been an apparent gain to the

cause of European peace. With Gambetta has passed

away one principal source of European disquietude.

Of this we have had abundant proof in the tone and

language of the German press. All ranks and classes of

the German people show most evidently a feeling of

relief. Even leading statesmen show this unmistakably.

Prince Bismarck has all along recognized the influence of

Gambetta. He was the one man in France whose move-

ments he watched. Now he feels as if his work were

done. We are assured that he openly talks of retiring

and enjoying that leisure which has been so long denied

him. We need no higher proof of the importance

attached by the German mind to the individual man Gam -

betta. It would seem also as if the feeling of relief had

reached England. It can readily be understood that Mr.

Gladstone's health has suffered from his late severe exer-

tions. It is noteworthy, however, that simultaneously

with the death of the great French statesman, his physi-

cians should have discovered that the Prime Minister

would be benefitted by a visit to the south of Europe. It

is probable enough that Prince Bismarck may postpone his

long-meditated retirement. It is quite probable, also, that

the death of Gambetta has but little to do in reality with

the proposed temporary retirement of the British Premier.

But we have still to do with the appearance of things; and

we know that in the present instance the appearance is not

out of harmony with the fact. In a certain sense, as has

already been shown, Gambetta was France; and in that

sense he was a menace to the peace of Europe. That

menance has ceased to exist, and there is corresponding

relief.

It would be wrong to conclude that the condition of

Europe is permanently affected by the death of even such

a man as Gambetta. The power that directs the destiny of

nations is mightier than individual will; and the inevitable

tendency of events is not to be permanently arrested by the

placing or removing of any single obstruction. There is

much that is unsettled in Europe at the present time.

The Balkan peninsula must sooner or later become a

fresh cause of quarrel between Russia and Austria ; and

jAiniAnT 18, 1868 J THE CHRONICLE. 48some future Gambetta may find his opportunity, in 8uch

an event, to engage the attention of Germany. But for

the present no such dangerous complication is to be appre-

hended. France is without a great leader, and the Ger-

man-Austrian alliance has been renewed for the nominal

period of twelve years. Under the circumstances, and

even while France mourns, the outside nations are not to

be Llamed if they entertain a sense of relief.

RAILROAD EARNINGS IN DECEMBER, ANDFROM JANUARY 1 TO DECEMBER 31.

The December statement of earnings is not quite so satis-

factory as those of the months immediately preceding. Thefigures (taking the roads as a whole) still record improve-

ment on the corresponding period of the preceding year,

but the increase is small, when it was expected to be

heavy, and in one important section at least—the North,

west—some of the larger companies are falling behind.

It is true that our table does not include any of the great

east-and-west trunk lines, which are known to have had a

heavy traflSc at paying rates, but neither were these

included in other months, so that there is no change in the

basis of comparison. The fact, then, remains that on this

basis the exhibit is less favorable than in any other

recent month since last June, when there was a decrease.

Some may be inclined to trace a connection between the

war in the Northwest and the smaller earnings by the

roads in that section, but there would seem to be little

basis for such a belief, in view of the fact that rates wererestored before the 15th, while it is the latter half of the

month that makes the least satisfactory showing.

On the other hand, there are undoubtedly one or twoparticulars in which December, 1882, was not as favor-

able to railroad business as was December, 1881.

The crops were larger this season than last, butthe movement was restricted this year by reason

of the lower prices prevailing, while last year it wasquite free by reason of the high prices then ruling. Ourfigures of the receipts of grain at Western ports duringthe month, given further below, show a heavier movementthan a year ago, but it is not believed that Northwesternroads derived much benefit from this, since no doubt a

greater proportion of it than last year came from the

Southwest and some of it also from the South—especially

at Chicago. Then the war of rates on the trunk lines

last year, while it was very disastrous to the roads en-

gaged in it, had the effect of swelling, for the time being

at least, the traffic on the lines further west, whichwere not embraced in the strife. The low rates stimu-

lated shipments, not only of grain but of all kinds of

freight, there being an evident desire to take advantageof the low rates to the seaboard while they lasted, no onefeeling sure that the warfare would not at any moment beterminated and rates restored. Especially was this the

case during December and January when reports of animpending settlement were very numerous and had morethan the usual grain of truth in them. This year there

was no such stimulus, and with farmers loth to dispose of

their produce at present figures, a disposition is natural to

hold it back for higher prices later on.

But to what extent, if at all, earnings were affected bythese circumstances, it is impossible to say. It is certain,

however, that such influences, if they have existed, canhave no permanency this year—that is, they must sooncease to be a factor in the situation—for it is evident that

the crops are large. Still, the thought suggests itself

—

and it gains some force from the decreased figures on the

roads in the Northwest—whether as a partial offset

to the increase in agricultural products moving over

the railroads, there may not be a falling oS in the

volume of other kinds of traffic. On the trunk lines, this

would not be of any great consequence this year. Theycarry such a mass of through produce, and carry it, too

all the way from one end of their lines to the other (manyof the Western roads carry it only short distances to the

nearest interior receiving point), and moreover had so little

produce last season and are certain to have so much morethis season, and at far better rates, that with them the

prospect is reasonably good for better receipts anywaywhether general freight decreases or not.

In the case of roads not thus situated, however, a falling

off from the cause mentioned, cannot be so lightly passed

over. It is known that all branches of industry are now feel-

ing the effects of the short crops of 1881. The contraction

in railroad building, with the depression in the iron andsteel trades, is one of the evidences of this most frequently

cited ; but it is, perhaps, the least significant. The most

striking effect, in fact, is seen in the decreased activity in

all business circles. New ventures are less frequent and a

feeling of caution prevails, which makes men slower to act,

and has the effect of reducing business operations. Howlong this will continue it is not our present purpose to

inquire ; but so long as it does continue, it cannot fail to

be an adverse circumstance with all railroads, and thus this

may in part account for the less favorable figures of the

past month. Following are the details for December :

GROSS EASNINOS AND MILEAGE IN DECEMBER.

Name of road.

Burl. Ced. Rap. & Nc.Cairo & St.. Louis*Central Rrancli U. P.Central IowaCentral PaciflcChar. Col. & Aucusta*CUesapc.ike & Ohio'.CUicaKO * AltonChic. & Eastern [11....

Chic. & Or. Trimkl...Chic. Milw. & St. Paul.Chicaeo & Northwest.Ohio. St. P.Minn. &0.Cin. Ind. St. L. &Ch..Clevo. Ak. & ColColunUiia & Grcenv.*Col. Hock. Val. JiToLDenv. & Rio Gr.inde..Des Moines & Ft. O.*

.

Detroit Lana'g & No*.EasternEast Tenn.Va. & C.a .

.

Evanev. & T. Hauto..Flint & Pere Manj . .

.

Gr. Bay Win. i St. P.Gulf Col. & Santa Fe.Hannibal & St. Jos...Illinois Central (111.)..

Do (Iowa lines)..Ind. Bloom. AWest..Intern'l & Gt. North..Kan.CityFt.S.&Gult*L.ake Erie & Western.Little Rock &Ft. 8...Little Kk. M. E.&Tex.Lon;; IslandLouisville <fe Niishv...Milw. L. Sh. & West..Miuneap. &. St. Louis.Mo. Kan. <t TexasMissouri PaciflcMobile &Ohio -,.

Metropol. Elevated..N. Y. ElevatedNorfolk tt Western...Northern PacUloOhio CentralOhio SouthernPeo'ia Doc.cfeEvansv.'Rich. & D.inv.*8t.L. A.&T.H.m.Une.Do do (l)ranches).

St. L. IronMt. & So...St. Louis* San Fran..St. Paul&Duluth....8t. Paul Minn. & Man.Scioto ValleyTexas & PacificTol. Cin. & St. Louis..Union PacirtoVirRinia Midland*Wab. St. I.«ui8 & PaoWisconsin Central. . .

.

Gross Earnings.

1882.

Total....

$246.06227,2.54

120.576:102.229

l.i)il8.000

§41.4.57187,677699.323135.782229,742

1,961,0001,718,379375,796189.95639,676^53,172240,555443,00021,28582,316

249,391333,63754.876

206.16337,976

241,417239.891543,092153,959205,212377,821111,285124,47580,07045,700

156,8681.221,215

76.585147,761665,860736,669307,643225,070329,361217,328564,74976,59939.15734,956

518.S,300110,43674,090

7?1.30o339.42490.348

753,51646,938

641,04479,633

2,294,000'46,092

1,331,952105,163

1881.

232.81232,87086,096

120,1222,225,179

532,711133.736646,812153,113139,723

1,854,2691,855,477432,615195,80937,974542,311261,223026,72826,49074.638

248,309302,9552,705

163,82044,02.1

140.068194,336583,085180,390192,622306,159105,624108,11762.93233,404

137.0151,153,779

61,845126,594487,320602,446258,812242,853267,667205,699349,72490,02034,16340,787

5179,30096.93574,192

709,498287,91476,779

528.26343.7H2

401,05874.041

2,267,000§48,497

1,294,63794,697

Tncrease orDecrease

Mileage.

1S82. 1881.

-f- 13,2.50—5.616

-f34.480-17,893

—257.179-1-8,746

-f 53,941-f52.5U— 17,331-H90,019

-i- 109,731—137.098—56,819-5.853-1-1.702

-f 10,961—20.668-183,728—5.205-1-8,208-1-1,083

-(-30,730-f 2,171

-1-37,348-6,049

-1-101,379-i-45,555-39,993—26,431-1-12,590-1-71,662-H 5,661

-1-16,3584-17,138-f 12,296+ 19,353-h67,436-1-14,740

-f21,16-H78,0101-134,223+ 48,831-17,783+ 61,694+ 11,629

+215.025—13,421+ 4,989—5,811+9.000+ 13,501

—\0i+71,807+51.510+ 13,509

+225,233+ 3,176

+ 239.986+ 3.589

+27,000-2,405+ 37,295+ 10,166

689146385244

3,167303520847240335

4,45.53,4761,147363144296322

1,16011022628390-.

15734f>22.548229291!)

4026»i7753653S.5163170323

2,028306455

1,2969795281814

4231,4192121232.'V4

757195121816661194

1.020132

1,387565

3,7.503.53

3,518337

.... 23,573,879 22,170,065 +1,403,814!47.33B 43,387

589146363244

2,775308430847235330

4,1043,018985363144

3221,062

8722628390O144313213373292919402544775340385163170323

2,028275363

1,1157965281814

423972212123243757195121718643184856132

1,089446

3,650353

3,343 •

337

• Three weeks only of December in each year.I For the four w6ol£3 ended December 3i>.

: Fitfures.thls year are approximate and nmderstood to be beloir whatthe actual will bo

5 Frei|$hteamiDgfiouly.

44 THE CHRONICLE, [Vol. XXXVI.

It will be seen that Western and Northwestern roads,

in the main, compare unfavorably with December of the

previous year. The Chicago & Northwegtern has a de-

crease, and so has the Chicago St. Paul Minneapolis &Omaha in the same section; but such roads as the Chicago

.& Eastern Illinois.Illinois Central, and Columbus & Hocking

Valley, also record smaller receipts than a year ago, while

other prominent companies in the "West—notably the

Wabash—do little more than hold their own. On the

other hand, roads that have a share in the increased trade

and crops of the Southwest, show the effect of that cir-

cumstance. Thus the Chicago & Alton, on the same mile-

age as in 1881, increases its earnings $52,511, and the

Hannibal & St. Joseph $45,555, while the Wabash with

170 additional miles of road increased its receipts only

.$37,295. But it is not till we come to the Southwestern

-roads themselves, that we find what may be termed really

heavy increases. The Missouri Kansas & Texas records a

very large gain, as does the Missouri Pacific, though the

Iron Mountain has a somewhat smaller ratio of increase.

The Texas & Pacific, which is getting the benefit not only

•of the abundant yield of cereals in Texas, but also of the

heavy cotton crop in that atate, leads all other roads in

-our table this month. In fact, all the Texas roads from

which we have returns, are conspicuous for their excellent

-exhibits—as witness not only the Texas & Pacific, but the

<rulf Colorado & Santa Fe and the International & Great

2forthern. In a minor degree, too, the same may be said

•of all Southern roads, the laige cotton crop, their most

important source of trafBc, being the favorable influence

at work. To show how the cotton movement in the two

jrears compared, we give the following table of the re-

^^eipts at the Southern outports in December of the last

*wo years.

EECEIPTS OF COTTON AT SOnTHERN PORTS IN DEC, 1882 AND 1881.

•Galveston bales.Indianula, *&c

!Kew OrleansMobile•Florida..;:6avaunali

Brunswick, &c-Charleston

Port Eoyal, <&c'Wilmington

Moreliead City, &caforlolk

WestPoint,&c

Total.

1882.

145,7693..577

329,02760.6313,955

147,4071,319

103,2412.655

25,8185,570

145,36247,538

1,021,889

1881.

86,033. 2,675299,77960,7978,193

141,179J.206

88,4031,950

29,8934.449

116.2.i837,311

878,131

Difference.

Inc-Inc.Inc..Dec.Dec..Inc..luc ..

Inc ..

59,730902

29.248146

4,2436,228113

14,838Ino .. 70

1

Dec.. . 4,075Inc .. . 1,121Inc .. . 29,104Inc .. . 10,227

Inc.... 143,758

This shows total receipls of over a million bales, orA gain on the previous year of pretty nearly 150,000•bales. The effect upon earnings is quickly noticeable in

ithe case of roads which, like the Mobile & Ohio, are so

greatly dependent upon cotton traffic, while on roads like

.the Louisville & Nashville, which may be supposed to

have a greater proportion of general traffic, the effect is

less marked, though it is to be said that the latter road, onits Mobile & Montgomery division, carried not more, butless, cotton than in December, 1881. As bearing uponthe growth of traffic on the Louisville & Nashville, weliave received the detailed statement of earnings, bydivisions, for November, and give it below. It is inter^

-eating as showing that although, when we take the systemas a whole, the earnings per mile (owing to the large ad-ditions within recent years of new road with but a light

traffic) exhibit a falling off from $660 in 1879 to $592in 1882, this does not correctly reflect the condition of•business on the old mileage. On this mileage the earn-

.•ings have risen from $689,143 in November, 1879, to

$743,320 in November, 1882, or from $650 per mile to

$701 per mile, which makes it clear that there has beenUO retrogression at any rate, as some might believe.

NOVEMBER GROSS EARNINGS OF LOUISTILLB A NA8irVTI.I.E.

JHvisions.

Main StemBardatown BrancbKuoxville BranchKicliuiond BranchMemphis LineNashville & Decatur..So. &No. Ala. REGlasgow ERHenderson Division. .

.

Basis of 1879

St. Louis DivisionMobile tv MontgomeryN. O. & MobilePontchartrainCnm. & Ohio—So. Div.Selma DivisionPensacola Division...Pen. & Selma Div

Basis of 1880.

Cincinnati Division...Lesiui^ton BranchCura.& Ohio—No. Div.Shelby ERNarrow GaugeTransfer Railway

Basis of 1881.

Earnings per mile-Whole systemOn basis of 1879..

Miles,

185-217-3

110-333-82591119-1189-010-5

135-2

1,059-5

208180141

530-5504572

1,791

109662819114

2,028

1,059-5

1879.

240,7262,017

29,2504,392

166,31090.53090,6311,289

63,998

689,143

6.10

630

1880.

223,4792,375

33,6864,562

119,948102,272109,271

1,25072,343

671,186

76,08592,92073,355

3052,678

11,78713,2H92,599

944,214

1881.

$234,'266

2,18836,1354,337

118,19892,705

109,6961,597

78,012

677,634

65,00389,61871,603

5433,314

13.30314.2383,302

938,593

74,91026,3711,5124,1291,094

11,019

527634

1,057,628

521639

1882.

251,8941,480

35,3394.811

121,546101,153133,220

1,.56392,309

743,320

84,035105,722100,444

3663,175

13.4846,6737,100

1,064,319

86.39828,9592,4676,6521,250

10,857

1,200,902

532701

As remarked at the outset, our table of earnings does

not contain any of the great east-and-west trunk lines, but

there are in it a few roads like the Chicago & Grand Trunkand the Lake Brie & Western, which are more or less influ-

enced by the course of trunk-line traffic, and these have

larger earnings than a year ago. Among the Pacific roads

the Union Pacific maintains its earnings of last year, while

the Northern Pacific continues to make heavy gains. In the

extreme Northwest the St. Paul Minneapolis & Manitoba

still remains conspicuous for the growth of its receipts.

In the same section the Burlington Cedar Eapids &Northern, unlike the St. Paul & Omaha, exhibits a small

improvement upon 1881. To show, in a measure, howWestern and Northwestern roads were affected by the

grain movement in the two years, we give below the table

alluded to above, of the receipts at the principal lake and

river ports of the West.

RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED DEC. 30.

Chicago-1882..1881 ..

Milw'liee

—

1882....18S1....

St. Louis—1882....1881 ....

Toledo

-

1882 ....

1881 ....

Detroit—1882 ....

1881 ....

Clevel'd—1882 ....

1881 ....

Feoi-ia

—

1882 ....

1881 ....

Duluth—18S31881 ....

Total of all

1SS2 ....

1881 ....

Flour,bbts.

326.689136,184

345,368245,096

143,813125,369

4,8134,121

23,49632,543

5,24012,219

5,3866,000

854.805561.532

Wheal,bush.

1,615,352640,691

1,104,4561,165,352

1,008,00494,870

589,016221,474

791,841168,669

117,76026,900

25,25035,750

436,195

5,687,9082,753,706

Corn,bush.

5,616,4232,290,566

138,24071,900

1,609,6501,190,500

571.430280,028

65,26675,430

115,57087,400

823,7251,085,773

8,940,3015,081,699

Oats,bush.

Barley,bush.

2,473,8451,534,966

273.958236,890

373,339433,509

244 22'

49i932

103,43762,181

40,92077,600

549.725426,200

1.061,4302,821.298

624,326683,252

750,396477,055

360,367428,869

6.01237,000

71.54383,317

14,20047,006

78,6007.!,000

1,908,944l,S28.4fl9

Rye,bush.

180,35874,341

54,49783,475

30,20323,728

10,1233,393

1,121

1,000975

64,00063,600

340,1812.50,836

December completes the year, and we can now compare

the full twelve months in 1882 and 1881. The showing

that our table makes is an eminently satisfactory one,

especially when we consider that the year was in manyrespects peculiarly unfavorable. The crop deficiency of

the summer of 1881, so often referred to but yet always

necessary of mention in any review of the year, was the

factor of greatest moment. Wheat, corn, provisions,

cotton—all sustained an extraordinary reduction ; but the

full effects of this shortage were not felt at the outset.

The war of rates on the trunk lines, combined with the

high prices that all produce commanded, induced farmers

Jakcart 18, IStS J THE CHRONICLE. 45

to rush their supplies forward, ami for a time it seemed as

if the deficiency had been greatly exaggerated. Soon,

however, the movement fell off, and then tho traffic over

the trunk lines was reduced to very small proportions

indeed—in some cases to lower figures than had been

touched for years. In addition, these lines were then still

suffering from the effects of the railroad war. The war

wad settled quite early in the year, but a largo number of

time contracts at very low rates had been made during

tho progress of the conflict, which still remained outstand-

ing. It was not till after the 1st of July, when the most

of these contracts ran out, that fairly profitable rates were

realized. Within a brief period after this date, the crops

of 1882—more particularly winter wheat—began to come

forward, and from that time on the trunk lines had a

heavy traffic, so much so that in the last half of the

year even 1880 was outdone.

Western and Northwestern roads did not suffer to the

same extent as the trunk roads—except in special instances

—because of their shorter haul on produce to market, atd

more especially because orthe greater activity that charac-

terized those sections until towards the close of the year,

giving the roads in them an increasing amount of general

and miscellaneous freight. Southwestern roads were

adversely affected to some extent in the early months by

the reduced yield of cotton in Texas during 1881, and in

the closing months of the year were very favorably influ-

enced by the excellent yield in 1882, not only of cotton

but of wheat and other cereals. Southern roads, hav-

ing only this one staple "to rely upon, suffered greatly

during the first nine or ten months under the general

reduction of the yield of cotton all over the South, but at

the end of the year were regaining part of the early loss,

aided by the large crop of 1882. In all sections of the

country there was an active and increasing movement of

passengers, which served in no unimportant degree to

offset the heavy loss in through freight traffic. That this

passenger movement was maintained even during the

closing months of the year, was considered a very favor-

able feature, for the decreased activity that characterized

trade operations had led many to expect a contraction in

the volume of that traffic. Under all these influences,

auspicious and inauspicious, the fifty-eight roads in our table,

on earnings of 272 millions in 1881, show an increase of

33 millions, or about 12 per cent, which must certainly be

denominated a satisfactory exhibit. The following table

gives full details. It will be observed that there are onlyfour roads altogether that fell below 1881.

Glt08.S EAltyiSGg FROM JANUARY 1 TO DECEMnER 31.

Name of Road.

Buff. Pittsb. & Wosfn...Burl. Cedur Kap. & No...Cairo A St. I^ouis"Can:«la SoiithcinCent. Xiaiich Uuion Pac.Ceutiiil townOiitial Paciflothesapcakd & Ohio*Chicago 4 AltonCbic. <t Eastern Illinois.Cliicaffo A (irand TrunkCliicago .Mihv. A SI. PaulCliicaKo iVc NortliwisstC!hic.8t,P..Minn.&Oinalia.On. Iml. 8t. L. .feCUic...Clcve. Ak. * ColCol. Hook. Val. <Sc Tol. .

.

DeuTcr A Rio GranileDes Moines ,v Ft. Uwleo*Detroit Lansing & No*Kaf.|.in r.

'.

Flint A Pcre Marquette.,tiulf Col. & Santa Fe.. ..Hannilial & 8t. Joseph111. Central (111. line)

l>o (la. leased lines).Indiana Bloom. 61. WestInt. A Ut. NorthKan. City Ft. 8. & Gulf*.lAki' KHo & Wei-tern. . .

.

Lakc81jore& Mich. So..l^HiK r.ilanil

I«ul«villo.fe Nashville...Milw. L. Shore it West'n.

1882

$895,475

2,800.679372.717

3,452,79.-)996.193

1,165,17825,713,1503,269,2978,211.9881,773,0222,274,268

20,387,00023,828,97S4,973,0522,645,529505,967

2.8ii7,2886,319.858340.042

1.550.4703,113,8102,156,9271,628,9142,303,38H6,914,8671,916,4142,641,6753,319.511l,691,10u1,477.027

18.275,0002.30O.01S

12.9Kl.13ft886,152

1381.

685,6792,259.036419,137

3,369,2.59967,779

1,001,36621.094,0992.636,9387, .557,7411,640,4511,563,025

17,025,45621.849.20'J4.021.9612,415,372423.699

2.456,8105,980,488393,127

1,330,1953,187,1151,875,1461,060,1872.257,2316,733,9551,852,4122.187,5692,788.1071,600,0871.376,.572

17,971,3911.974.861

11,311.362;635,659

Iiicreaae. Decrease.

S $209,796511,613

46,42083,53628,716

163,8121,619,051032,359651,217132,571711,213

3,361,5111,979,761951,091230,15782,268

410,178369,370

53,085220,275226,425281,781568,72746.157

180,91263,972154,106531,131191,313100,155303,609325.157

1,636,776250.193

Name of Road. 1882. 1881. Inereiue. UtemuM.

Mlchlitan CentralMl). KauHa)! lit TeXMMiH.HOIU-1 i'lU'ltlo

iMol)lle A Uldo , .

8,050,0000.421,5188,038,1912.179,6622,710.2623,383,6382,122,3087,009.3401,030,4634,955,500746.383

•3.523,7721,371,532873,788

7,581,6353.582,8111,105,4108,761,771540,192

5,143,170942,435

30,088,188•1,3.53,06916,738,358

8,034,3325.4 27.2566.673.2912.403.2202.537.3-122.1>32,2422.2<!7,28«4,070,223712,000

4,408,680670.135

13.385,2041,424,803756,024

7,337,66V3,160,523733,862

4,878,960446,916

3,977,412700.940

29.776.89.^)Jl,262,65814,467,789

15,008994,262

1,361.900

172'.sVli45l.:i:)ii1.'.5,020

2,(139.117327,463646.82076,218

138,568

117,764243,9734i2,288371.518

3,885.81193.276

1,165,758241,495311,29390,411

2,270,569

$

223.U»Metropolitan Klevated..New York ICIevatedNorfolk ,fe WesternNortlieni I'acltloOliio ('eiitral

OroKon Hallway A Nay..Peoria Dec.A Kvaimvllle"KlohmondA Danville* ..

8t.L.A.<ScT. H. main line.Do do (branehes)..

8t. L. Iron Mt. & Soiith'n.8t. Louiii & S. Francisco .

St. Paul & DuluthSt. Paul Minn. <fe Man....Scioto Valley

'i3,mi

Texas* PacltloToledo Cin. & St. Loulg..

Viritinia Midland*Waliash St. L. & Pao

TotalNet Increase ,..

305,747,943 272,481,511 33.612,76633,206.432

370,334

• Three weeks only of December In each year.,' FrelRht eariiinKS only in December.

Net earnings for November, as given in our table

below, are on the whole very satisfactory. We have not

the space for any extended comments, but as showing howquickly some of our roads recover from the effects of

adverse circumstances as soon as the worst pressure is

removed, we may refer to the case of the Chicago Bur-

lington & Quincy. This road is one of the largest carriers

of corn in the West, and under the great shrinkage in that

cereal its net earnings fell off heavily from month to

month, until at the end of the first nine months they

recorded a decrease of $548,298. The statement for

the eleven months has come to hand this week, and fromi

it we see that there is now an increase of $53,743 on

1881, so that during October and November the company

swelled its net receipts over $600,000. The following

table gives the gross and net earnings of all roads that

will furnish monthly exhibits for publication.

GROSS AND H."^T EAKNINOS TO LATEST DATES.

Namk.November. Jan. 1 to Nov. iW.

QroatEaniinQfi

OperatinijExpenses.

jsret

EarningsOrosj

EarningsNet

Earnings

Buffalo Pitta. * WestDo do

.1882ISSl

*88.81780.750

*48.95931.897

89.85829.082

*827.897620.135

*422.30»230.77»

Burl. Cedar Rap. & NcDo do

..1882ISSl

278.429202.180

185.70513o.8«4

92,72460,616

2.554.8172,026,224

878,751563,497

Central of Georgia

—

Do do.18821881

411.H00419.551

172.2««100.015

239.504229,539

Chesape*tke & Ohio...Do do

.18821881

.S00.732233.5SO

204,092178,70;

96,01058,878

3,081,8202,503,202

965,180420,050

Ohio. Burl, k Quincy.Do do

.18821881

2,199,4211.816.133

888.55U012,980

1,330,862903,153

19.523,74419,270.«03

9,821,5179.567.801

Oes Moines & Ft. D..Do do

.18821881

32,00235.857

•28.41024,858

359210.999

318.758368.839

93.13128.708

Ellz. Lei. & Big Pandy.1888Do do 1881

81,188 40,258 20,932 482.229 152,000

Loulsv . & NashTDo do

.18821881

1.200,9021,086,223

702,8358? 1,947

498.24';

393,27811,730.P2310,190.683

4,491,8863,770,248

Marq. Hough. * On..Do do

.18821881

90.80186.051

46.10S42.088

45.78323.963

1.174.426884,619

652,339460,350

Nash. Chat. A St. Louis 1882Do do 1881

181,338162,059

99,81698,841

81,72153.418

1,746.6931,902.131

737,070749,221

Norfolk & Western...Do do

.188a1881

281,23522--',9»5

132.875108,262

128.380120.733

2.204,9802,001,589

1,005,9791,008,866

Northern Centriilt....Do do

.18821881

526.885487,180

378.463313,703

148.230173,4571

B.3I0,nS4,967,077

2.029,1661,501,385

Oregon & California.

.

Uo do.18821881

112,000 89,000 43,000....

Penn. (all lines east of.18821881

4.373.8253.840,215

2.771.4832.379.871

1,803.31121.480.344

44,922,65740,392,427

17,247,574Do do 16,211,181

Phlla &. Krie .18821881

389,583284.078

272,2:13231.671

97.33049,507

3,875.9013.171.537

1,326.190Do do 943.418

Pbtladelp'aft ReadingDo do

.1882 2.256.7491881 2,015.589

1,158.184998.324

1,104,5681.017,285

20.039.82718.923.212

8.9S8,48»8,623,353

Phlla.* Head. 0.4 Iron.l88;i| :.857.792Do do . ISSlI 1.482.790

1.354.6711.234.808

303.121228.182

14.029.25612,718,153

1,133,2421,178,681

Union PacificDo do

.1882 2.711.9171881 2,781,52-!

1,890,8811,840.300

1.021.0.5<il

»12.21»27,791.18827.309,895

13,119,7»W12J!4 1,230

.IS8£1881

136.204148,972

66,89755.238

79,50793,736

1,391,413 805,336Do do

1882I8t>l

88,866 54,2»4 14.628 1,030,948 448,830Do do

Dexxmber. 1 Jan. 1 to Dec. 31.

NAMB. amiEarning

OperatingExpenses.

Xeti

Earnings'GrofS Net

Oregon Railway * NaT.18«2Do do 1881

»»275.900378.785

»22:),500206,449

»t62.400173.336

t4.9S5.500 (3.39S,Cn»4.408.680. 2.137.607

Ocfoter. 1Jem. 1 to Oct. 31.

NAMS. Qron Operating'Bamingt Expentet.^

NetEarning.

843.^e25.67fl

GrossEamints

NetBamHf

N. Y. L. K. 4 West ...

UO do.1883 tl.819.010 tl.175.e8ll1681 l,81*.86ri l,18«,187i

.... •••

* Larfie Hnifiunti charKOd this inODth for ties received dorlofCf Not includlnm Union HuUroad.} Decrease ascribed to interruption of tnffi

46 THE CHRONICLE. [Vol. XXXVI.

IMPORTS AND EXPORTSFOR NO VEMBER ANDFOR THE ELEVEN AND TWELVE MONTHS

ENDED NOV. 30, 1881 AND 1882.

fPrepared by tUe Bureau of Statistics and corrected to Dee. 26, 1882.

Below is given the fifth monthly statement for the cur-

rent fiscal year of the imports and exports of the United States.

The excess of imports or of exports of merchandise was as fol-

lows:Montli ended Nov. 30, 1882 (excess of exports) $25,819,180Uontli ended Nov. 30, 1881 (excess of exports) 13,413,717Five months ended Nov. 30, 1^82 (excess of exports) 21,147,82oFive months ended Nov. 30, 1881 (excess of exports) 4.5,613,<>73

El9veu months ended Nov. 30, 1S82 (excess ot imports) ... . 18,289,205Eleven months ended Nov. 30, 1881 (excess of exi)ort8) 143,613,639Twelve months ended Nov. 30, 1882 (excess ot exports) 1,434,835Twelve mouths ended Nov. 30, 1881 (excess of exports)... 195,130,103

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

and bnllion was as follows:

Month ended Nov. 30, 1882 (excess of Imports) $2,990,794Month ended Nov. 30, 1881 (excess of imports) 2,419,017Five months ended Nov. 30, 1882 (excess of exports) 1,353,700Five months ended Nov. 30, 18S1 (excess of imports) 24,400,512Eleven months ended Nov. 30, 1882 (excess of exports) 34,817,589Eleven months ended Nov. 30, 1881 (excess of imports). .. 47,211,166Twelve months ended Nov. 30, 1832 (excess of exports).... 32,701,307Twelve months ended Nov. 30, 1831 (excess of imports). .. 62,975,320

The total values of imports and of domestic and foreign

exports for the month of November, 1882, and for the eleven

and twelve months ended November 30, 1882, are presented in

the following tables

:

MERCHANDISE.

Customs DislHcls.

1882.—Exports—Domestic . .

.

Foreign

TotalImports

Exceas of exports over importsExcess of imjiorts over exports

1881.—Exports—Domestic ..

Foreign . .

.

TotalImports

Exoees of exports over ImportsExcess of imports over exports

For themonth of

Nov.

$79,764,2111,210,823

9!80,973,03J55,155,854

$25,819,180

$68,335,5501,735,941

For thellm'nths ended

Nov. 30.

$659,353,73915,407,280

.«b75,021,019693,310,224

13,239,205

$739,279,28317,208,202

$70,071,49156,657,774

$13,113,717

756,487,48.T812,871,816

$113,615,639

For the 12nVnths ended

Nov. 30.

$731,437,17,645,

,407,254

661,820

$1,434,835

$732,08'750,64'

$836,342,119,035,:

595104699551

$195,130,168

$855,37660,217,;

GOLD AND SILVER—COIN AND BITLLION.

1682.—Exports—Dom.—Gold .

.

do Silver.

.

Foreign— Golddo Silver.

.

TotalImports—Gold

Silver

Total

Excess ot exports over importsExcess of imports over exports

188l.—Export8—Dom.—Gold .

.

do Silver..Foreign— Golddo Silver.

.

Total

Imports—GoldSilver

Total

ExcessExcess

of exports over importsof Imports over exports

$50,225430,213

2, .'.00

495,524

$978,464$2,241,7871,727,471

$3,969,258

2,990,794

$96,396930,460

723267,723

$1,293,307

$3,059,202655,152

$3,714,354ii

2,419,047

$37,395,39810,636,3801,319,4194.049.292

$51,000,489$11,255,576

7,927,321

$19,182,yOU

$34,817,589

$1,735,23712,373,211

760,2023,432,762

$18,303,J3'2

$57,670,4477,844,151

$65,514,598

$37,497,11,526.1,324,5,014

$55,303,

$13,983

$22,662,

$32,701,

,997490904,483

,874

,749,818

,367

,307

$1,881,'13,694,'

709,i3.977,(

,ni,S77,922,071

,981

,4739,124,828

$83,301,301

$J0,325,i

$74,176,'

47,211.166 02.975,320

TOTAL MERCHANDISE AND COIN AND BCLLION.1882.—Exports-Domestic

Foreign

TotalImports

Excess of exports over importsExcess of impoi'ts over exports

1881.—Exports—Domestic .. ..

ForeignTotal

ImportsExcess of exports over ImportsExcess of imports over exports

$80,244,6311,708,847

$707,585,517 $783,461,21,435.991 23,931,

$81,933,49S59,123,112

$22,828,386

.$89,362,4062,004,392

571,366,79860,372,128

$10,994,670

$729,021,508712.493,124

$16,528,334

$733,389,73121,401,106

$774,790,917678,386,444

$96,404,473

894611o'Sd393

$34,136,142

5807,446,;773,310,;

$351,921,123.732.(

583097680,832

$132,151,848

$875,703,1743,548,1

The following is a statement showing, by principal customsdistricis. the values of merchandise imported into, and exportedfrom, the United States during the month of Nov., 1882, andthe values of imported merchandise remaining in the ware-houses of the United States Nov. 30, 1882:

Oustomt Districts.

Baltimore. MdBangor, 5!eBath, :.Ie

Boston <t CUarlesl'n. MassBrazos <le Santiago, Tex. .

.

Brunswick, GaBuffalo Creek, N. YCapo Vincent, N. YChamplain, N. Y

,

Charle,ston, S. C ,

Chicago, 111

Corpus (Jhristi. TexasCuyahoga. OhioItetroi t, MichDuluth, MinnGalveston', TexasGenesee. N. Y

Imports.

1,336,18449.8048,031

4,313,10471,377

ISO968,68948,286

387,74853.235

151,04047,56146,761

. 228,2634,496

293.35182.979

DomesticExports.

3,517,56333,732

Foreign 'f «'"«"«; '3

±.xpoiis.|Yo„. ao,'82

405

4,631,04792,43051,94263,88513,1421

193,9i:5;3,S09,126|130.046210,9,35129,589;

156,63176,710!

3,863,514!23.2121

59,17813,589

10333,859

1,93339,453

22,317

127,320232

102,3074,582,297

557

3,282

"6,3452,063

481.846101

8,03768,259

'88,5207.177

Huron, MichKey West, FloridaMilwaukee, 'WisMinnesota. MinnMobile, AlaNew Haven, ConnNew Orleans, LaNew York, N.YNiagara, N.YNorfolk and Portsm'th,'Vo

.

Oregon, OregonOswegatchie, N. YOswego, N. Y'

Paso del Norte, Tex. & N.MPassamaquoddy , MePensacola, FlaPhiladelphia, PaPlymouth. MassPortland & Falmouth, Me.Portsmouth, N. HPuget's Sound, WashRichmond, "VaSan Diego, CalSan Francisco, CalSavannah, GaVermont, VtWillamette, OregonWilmington, N. CYorktown, VaInterior portsAll other customs districts

Totals

Imports. DomesticExports.

$412,63048,65984,691

139,37633,00449,706

1,162,69335,435,468

402,01676,.'>37

1.718311,937

2,333,02922,31986,180

642,166,577

15661,837

4245,059

81,50355,987

2,990,703117,947619,29303,18335,346

1,138,77478,205

101,130

497,22124,2033,427

10,802,92729,604,509

11,5314,073,276216,54930,278

146,170

36,56351,630

3,103,380

169,705

154,203536,61251,339

5,062.0593,175,612171,063625,829740,449127,260

206,962

33,135,854 79,761,211

ForeignExports.

92,223

3,739

9.217753,523

2,93768,793

227

24,064

1,61579,339

309

1.210.823

RemainingIn wareh^seNov. 30 '82

63,4079,0942,501

207.975

'*660,71617,818,074

2,361619,934

12,326

1,215,331207,68747.21550,996

65,2501,399,508

95924,8897,034231

115.416135,156

27.&47,622

' Eemaiuiug October 31, 1832.

pXoiietaviji©ouxmcrcial giigXtsTx^cvos

BATES OF EXCHANGE AT LONDON AND ON LONDONAT LATEST DATES.

aXOHANOE AT LONDON-Dec. 23 EXOHANQE ON LONDON.

On- Time. Rate.LatestKate. Time. Bate.

Amsterdam

.

3mos. 125>2 ®12-e Dec. 23 Short. 12-10Am8ter(?jim

.

Short. 12'2 «12-3 ....

Hamburg . .

.

3 mos. 20-62 8 20-66 Dec. 23 Short. 20351aBerlin ** 20-62 ®20-68 Dec. 23 *' £0-33Frankfort... <i 20-62 -820-66 Uec. 23 *' 12034Vienna '* 12-10 ®I2-12'a Dec. 23 3 mos. 1192Antwerp

—

«< 25-48 =!i®25-33% Dec. 23 Short. 25-23St. Fetersb'g "

3213ifl a>2215i„ Dec. 23 3 mos. 237,825-22Paris Checks 25-21i4525-26?l Uec. 23 Checks

Paris 3 mos. 25-40iia'25-3134 Dec. 23 Long. 25-24Genoa " 25-75 325-85 ....

Madrid *t 46 ®46ia Doc.Dec.

13 3 mos. 47-30Cadiz '* 46 -a) 1618 13 3 mos. 47-30Lisbon It 51\&o\HAlexandria . .... Dec. 20 3 mos. 93''8

New Y'ork... .... Deo. 23 Short. 4-801-2

Bomoay .... 60 days Is. 7d. Doc. 23 4 mos. Is. 7ii6a.Calcutta .

.

60 days Is. 7d. Dec. 23 '* Is. 7iiad.Hong Kong.. .... Dec. 23 " 3s. 738d.Shanshai.,..! Dec 23 " 5s. O'-ial.

I From our own correspondent.]

London, Saturday, December 23, 1882.

The past week has partaken much of a holiday character.

Business has been very restricted in nearly every department,

and further difficulties have been reported in the tin plate

trade. During the next few days it is obvious that the atten-

tion of merchants will be largely directed to balancing the

annual accounts, and any resumption of activity is not likely

to take place until the holiday season has terminated. There

has, however, been a good demand for money, and the rates

both for loans and for discount have advanced. For the former

the quotation is about 5 per cent, and for the latter, 4% per

cent. Considering the period of the year, this does not indi-

cate stringency, and the opinion therefore prevails that the

present Bank rate of discount cannot be maintained. The trade

demand for money is only moderate, and the New York

exchange has become more favorable to this country.

There is now much less apprehension as to a drain of gold to

America ; but there is still a small inquiry for Germany, which

has not, however, exercised any material influence. It produced

temporary firmness, but, as the demand is not expected to con-

tinue, the effect has been transient. With the value of moneyat a moderate point, and with a less complicated political situ-

ation, the new year may be expected to open with a fair degree

of confidence ; but, at the same time, there is a considerable

section of the community which disbelieves in the general

soundness of our commercial position, and there are undoubtedly

grounds for entertaining such an opinion. The failures in the

tin plate trade confirm, in some measure, the impression enter-

tained, and they induce the majority of traders to operate with

considerable caution.

The chief inquiry for money this week has been for the pur-

pose of augmenting the half-yearly balances at the close of the

year. The open market rates of discount, notwithstanding this

additional demand, are still nearly one per cent below the oflicial

notation. The quotations will, no doubt, be firmer as the end

January IS, 1883] THE (^HRONICLR 47

of the year is approached; but a retnrn of ease is certain to

take place as soon as the dividends) on the public funds havebeen distributed, early next month. The following are the

present quotations for money :

Percent. Open mnrket rntos— Per emt.Bank rate 5 4 montliH' l>ank bills 4i«>i(>4Ol>on-niiirket ratea— U moutlis' bank bills 4>eS'm30 iukHIO liars' bills 4i»4>e 4 <fcO mouths' trade bills. 4>si»53 moil t lis' bills 4«4>sThe following are the rates of interest allowed by the joint-

stock banks and discount houses for deposits:Per cent.

/oln^f<t4)ck banks 4Discount. Iiotiaoa at call : 314

Do with 7 and 14 days' notice SHAnnexed is a statement showing the present position of the

Bank of England, the Bank rate of discount, the averagequotation for English wheat, the price of consols, the price ofmiddling upland cotton. No. 40 mule twist, fair 2d quality,

and the Bankers' Clearing House return, compared with thethree previous years

:

1882. IS8I. 1880. 1879.i a. a. A

25.446.008 25.224.265 26,117.325 27,234,9356,0j«,332 6,580,997 8.061.812 5.196,209

22,089.412 22,404.808 23,H73.028 28,045,331ll,3»l,0U-2 13,213,961 14,36.^,019 13.913,.58123,374.617 22.324.487 21.010,707 20,291>.8»0

11,276,940 13,024,674 15,189,757

OlronlatlonPublic depositsOther depositsGovenuii't HeiHiritlesOther .siMiiiritics

Kes'voor notes A coin 11,201,539Coin and bullion Inboth departments.. 20,897,914 20,751,205

Proportion of reserveto lliUiilitles 3913 33«B

Bank rate 5 p. e. 5 p. 0.Consols 100=8 99>4EnR. wheat, av. price 41s. 6d. 44s. 9d.Mid. Upland cotton .. 6i3,Rd. CHnd.No. 40 mule twist lod. lO^d.

21,741,999 27,424,692

421s3 p. c.

98^44s. Od.

613, ad.lOijd.

45583 p. c.

9714®%46s. 6d.eiiifld.lOlad.

90,031.000

(. d. 3. d.77 Q^n77 11 »73 10 a 74 0073 s^w76 3ia»

.. ®

Cleariujt-llouserei'n. 139,318,000 149,917,000 142,96:i,000

The demand for gold on German account during the weekhas been sufficient to absorb all incoming supplies, and to neces-

sitate a withdrawal, chiefly iu gold coin, from the Bank of

England. There has been a Continental inquiry for silver,

and in the early part of the week prices improved; but theforeign demand has since fallen off, and the improvementestablished has been with difficulty maintained. Business hasbeen done as high as 50 7-16d., but the price has declined dur-ing the la.st few days 1-I6d. The market for Mexican dollars

haa been very dull, and the quotation is only 49d. per ounce.The following prices of bullion are from Messrs. Pixley &Abell's circular:

OOLD.Bar gold, ane per oz. standard.Bar gold, contaiu'g 20 dwts, silver. . .per oz. standard.Spanish doubloons per oz.South American doubloons pqr oz.United .State.t gold coin prfroz.Qermau gold coin per oz,

_ „ ^ srLVER. a. a.'gar silver, flne per oz. standard nominal. SO^saBar silver.contttln'g 5 grs.gold i)er oz. standard. 60%aCakesilver l«>roz ® ....Mexican dolLirs per oz. nominal. 49 ® ....Chlliau dollars peroz ®

Quicksilver, £5 ICs. Cd, Discount, 3 per cent.

The rates for Indian exchange have further declined, theprice fixed by the India Council being Is. 7 1-lod. the rupee.Telegraphic transfers have been sold at Is, 7>^d. the rupee.The government announces a further issue of exchange bills

to replace those about to be paid off. The amount is £l,4.")y,-

000, and tenders will be received at the Bank of England onthe 2d prox.

The stock markets during the week, considering how little

business has been in progress, have been fairly firm. Priceshave in several instances declined slightly, but the reductionhas as a rule been unimportant.

^

The following are the current rates for money at the prin .

cipal foreign centres:

Banii Openrate. market.

^ _. ^- «'• i'r. el.Paris 31a 314Berlin 5 . 434Frankfort 45^Hamburg ,5 4:^Amsterdam 513 5

Bank Openrate. niftrket.

Fr. ct. Pr. et.

Brussels 4 S^gMadrid anil otherSpanish cities.. 4ifl 4ia

Vienna 5 5St. Petersburg... 6I3

Daring the past week the trade for wheat has partakenlargely of a holiday character, and buyers are not likely toresume extensive purchases until we have fairly entered uponthe business of the new year, after the hcliday season has ter-minated. The tone during the week has been rather dull, butprices cave only given way slightly in those cases when thenecessity has existed of pressing sales. The imports have beenmoderate, and the farmers' deliveries have been upon a fairscale, considering the period cf the year. Good sound wheats,both English and foreign, have been held with a moderateamount of flrmnes-i, and they seem likely to maintain theirvalue

;but iLferior wheats are decidedly a slow sale. Not

much rain has fallen daring the week, and, with an abseaoa ofsnow, farm work has In many districtn been resamed; batthere is still an impression that the area of land under wheatthis season will fall short of former seasons. There is little if

any encouragement to produce wheat ; but, at the same time,other cereals are selling at a low price, more especially when it

is borne in mind that Indian com is dear.

It is no doubt a feature in the trade for cereals that, notwith-standing that the price of Indian com has been as high as 4l8.

per quarter, wheat, barley and oats should be so cheap. Oataand feeding barley have been selling at a Tery moderate price

since the harvest, and there is no tendency to improve-ment. Some are of opinion that these articles at their presentprice are worth holding ; but it is well to remember that prices

were low when Indian corn was dear, and from this it is natu-rally concluded, now that the value of the latter commodity is

becoming more normal, there is a greater improbability ofany advance in the prices of feeding stuffs being established.

Telegrams have been received this week stating that the newIndian com crop is larger than had been represented, but thevisible supply in the United States does not increase rapidly.

The following are the quantities of wheat, flour and Indiaa

com estimated to be afloat

:

At present. La»l«);e1t. Lcutyear.Wheat qrs. 2,192,000 2,13.">,000 2,843,000Flour 207,000 21.i,0()0 126,000Indian com 170,000 00,500 244,000

The following statement shows the extent of the imports of

cereal produce into the United Kingdom during the first six-

teen weeks of the season, compared with the corresponding

period in the three previous seasons:

niPORTS.188*' 1831 1880 1870

Wlieat cwt.22,82n'399 20,112,324 20,'<44,877 24,857,242Barley 6,118,775 4,!i03,S85 5,554.100 6.558,131Oats 4,668,279 3,640,019 4,221,812 5,674,588Peas 616.291 799.081 1,031,017 948,758Beans 520,050 506.199 787,369 919,490Indian com 3,499,173 8,719,134 12,.'i48,520 7,303,105Floui- . 4,737.895 2,363,847 4,087,143 3,887,698

SCPPIIES AVArL.4.BLE FOR CONSDMPTION.1882, 1881. 1880. 1879.

Imports of whleat.owt. 22,829.399 20,112,321 20,844,877 24,857,242Iiiiports of flour 4,737,895 2,303,847 4,087,143 3,837,098Safes of homegrownproduce 12,892,500 13,181,000 11,892,000 7,283,300

Total 39,459,791 35,657,171 36,824,020 36,023,240Av'ge iirice of Englishwheat forseasou. qrs. 41s, 4d. 473. 8d. 42s. 8d. 478. 6d.

Visible supplv of wheatIn Uuifd St's.. bush. 20,200,000 18,500,000 23,600,000

Supply of wheat andflour afloat to theUn'd Kmgd'm... qrs. 2,350,000 2,327,000

Engllsb market Reports—Per Cable.The daily closing quotations for securities, &c., at London,

and for breadstuffs and provisions at Liverpool, are reportedby cable as follows for the week ending January 12:

London.

Sliver, per oz d.Consols for moneyConsols for accountFr'ch rentes (in Paris) fr.

U. S. 58 ext'n'd into 3I2SIT. 8. 4I2S of 1891a.S.4sof 1907Chic. Mil. & St. Paul ....

Erie, common stockIllinois CentralN. Y. Outario & West'u.PennsylvaniaPhilauelpliia& Keadlug.New York Central

Liverpool.

Sat.

5038101 Is

lOl^a79-6010538

123331104118I48I427 14022s 3i

13i:ii

Mon. Tites.

.503a10113101%79'7:ii3

105 la

1163112CIOOI440781482718ei-'s2858

1303i

5038101191013a79-65105I3lion's1231104II4

14927186218283tI31I3

Wed. Tliurt. JVi,

5038101 ifl

1013a79-57^105 1«11678123IIOI34II4

1491a27622858

1303,

50 141013,81013979-60IO5I4116\123109 1«4118

14914276218283»

1301a

50lig1013,,1013879-62ia105 14116%123log's4114914276228ia1301s

Flonr (ex. Statc)..100 lb.

Wheat, No. 1, wh. "Spring, No. 2, u. "

Winter, West., n "

Cttl. white "Com, mix.. West. "Pork, West. mess. .^ bbl.Bacon, long clear, new.

.

Beef, pr. mess, new.^tc.Lard, prime West. ¥ cwt.Cheese. Am. flnest

Sat.

s. d.12 38 98 78 11

779 O16 6390606 6

Mon. Tiies. Wed.

I. d.12 38 108 89

893

>. d.

12 38 108 89

67

>. d.12 38 108 89

56 967

Thura.

t. d.12 38 108 89

78048

Fri.

s. a.12 38 119 19

61a

o9

67

(ggmmcyctaX autXWiisttlVAmo\xs^tvcis,

Na'honal Banks.—The following national banks have latelybeen organized

:

2,853—The Bay National Bank of Bay City, Jllch. Capital. i?200,000.Byron E, Warren, President: Frederick P. Browne. CasUier.

2,854—The First National Bauk of Liriuiore, D.ikota Tor'y. Capital,$50,001'. Audi-ow J. Bowne, President; Charles A. Bowno,Cashier.

Imports and Exports for thb Wbbk.—The imports of last

week, compared with those of the preceding week, showa decrease in both dry goods and general merchandise

.

The total imports were |8,200,964, against ?10,02iJ,881 the pre-

48 THE CHRONICLE. [Vol. XXXVI.

ceding week and $7,400,452 two weeks previona. The exports

for the week ended Jan. 9 amounted to $7,349,921, against

$6,477,550 last week and $7,855,123 two weeks previous. The

following are the imports at New York for the week ending

(fordry goods) Jan. 4, and for the week ending (for general

merchandise) Jan. 5; aho totals since the beginning of first

week in January

:

PORBION IMPORTS AT MKW YORK.

For Weelc.

Dry eoodsGen'l nier'dise .

.

TotalSince Jan. 1.

Dry KoodsGeii'Imer'diae.

Total 1 week

1880.

$2,113,0124,S01,6ST

$6,915,599

$2,113,9124,801,687

Si6,9 15,599

1881.

$1,712,0435,061.469

$6,803,512

$1,742,0435,061,469

$6,803,512

1882.

$2,089,0355,771,70j

$7,860,738

$2,089,0355,771,70a

$7,860,73;

1S83.

.f2,346,1465,854,818

$8,200,961

$2,346,1465,854,818

.$8,200,964

In our report of the dry goods trade will be found the imports

of dry goods for one week later.

The following is a statement of the exports (exclusive of

specie) from the port of New York to foreign ports for the

week ending January 9, and from January 1 to date :

EXPORTS PROM NEW YORK FOR THB WEEK.

1880. 1881. 1882. 1883.

For the week...Prev. reported..

$1,998,157 $6,772,531 $5,940,134 $7,349,921

Total 1 week. $1,998,157 $6,772,531 $5,910,134 $7,349,931

The following table shows the exports and imports of specie

at the port of New York for the week ending Jan. 6, andsince .Jan. 1, 1883 :

EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.

Gold.Mxporls. Imports.

Week. Since Jan.X. Week. SinceJan.l.

$

i",235 1,285

$

12,577

li',6361,100

$France

West Indies 12,577

South America. ... . . 11.83dAll other countries 1,100

Tetal 1S83 $1,285 $1,285 $25,51390,242

1,174,247

$25,513Total 188.; lj0,212Total 1831 1,174,247

Silver.GreatEiitaiu $265,429 $265,429 $

6,3266,034

30,674l,l(i0

$

Germany 6 3266,034

30 674Mexico1,160

All other countries

Total 1883Total 1882

$265,429225,239208,500

.$263,429225,239206.500

$41,19114,70811,287

$44,19414 708

Total 1881 11.287

Of the above imports for the week in 1883, $15,906 wereAmerican gold coin and $13,290 American silver coin. Of theexports during the same time $1,285 were American gold coin.

Philadelphia & Ueading.—President Growen's detailed planfor the readjustment of the Reading Railroad and Coal & IronCompany's debt and arrears of interest has been advertised inPhiladelphia. The feature of it is the isisue of $4,000,000 con-yertible adjustment scrip, bearing interest at 6 per cent, for fiveyears from January 1, 1883, but payable at the option of thecompany after two years and a half, on ninety days' notice, andconvertible into common stock at par until such notice is given,or if it is not given at all, until six months before maturity.The convertible adjustment scrip is secured by $4,000,000 of the$7,546,000 income mortgage sevens of 1876 authorized to theamount of $10,000,000, $2,454,000 being outstanding. The$160,000,000 consolidated five per cent mortgage was dividedinto two series of $80,000,000, the first series being a prior mort-gage to the second series, and $72,942,700 of the first was re-served to meet the Railroad Company's mortgages and the Coal& Iron Company's divisional mortgages, while $69,903,910 14 ofthe second series was reserved to cover the junior securities,bonds and stock of operated branches, real estate mortgages,Ac. The plan is condensed as follows by the PhiladelphiaNorth Ameriaan :

•' Holders of the Coal & Iron Company's di-visional mortgages and Schuylkill Navigation Improvementsixes are asked to exchange the principal for consolidated fivesof the first series, and in the former instance to take convertible adjustment scrip for all accrued interest, while in the latterthe interest accrued will be paid in cash. Holders of presentoutstanding scrip can exchange it for adjustment scrip at par.Holders of convertible sevens are asked to exchange six couponsof three and a half per cent (total 21 per cent), beginning withnext July's coupons, for $10 in cash and $200 first series fives toeach $1,000 convertible bond. Holders of the railroad deben-tare sixes, Coal & lion Company's debenture sevens, SchuylkillNavigation general or third mortgage sixes, Susquehanna Canalissues, Colebrookdale sixes and Pickering Valley sevens are in-vited to exchange the principal for consolidated fives of theswjond series, and holders of the debentures mentioned to takeadjustment scrip for all coupons maturing this year. Holdersof Schuylkill Navigation gensrals are offered $5 for January'sinterest, the second series of fives drawing interest in Februaryand August. The Colebrookdale bonds are to get $8 33 and thePickering Valley bonds $16 67 Cor interest to February 1. Stock-holders of Susquehanna Canal and Schuylkill Navigation are to

be asked to exchange their stock for Reading common stock.

Should Mr. Gowen's offer be accepted, it would result in the

issue of cjnvertible adjustment scrip to the amount of $3,313,580

to present holders of scrip; $101,241 to holders of railroad de-

bentures, and $121,070 to holders of Coal & Iron Company de-

bentures, making in all $3,535,991, to which must be added the

incomputable amount to be issued for interest on Coal & Iron

Company divisional mortgages, miny holders of which havesold coupons to the receivers at the rate already proposed in

some cases, so that the amount of $4,000,000 convertible scrip is

ample for the purposes of the issue. If all the exchanges pro-

posed in the plan are carried out, the result will be a reduction

of the fixed charges on the bonds mentioned from $2,227,111 80

to $1,262,048 20, or a saving of $965,063 60 for the year 1883."

Bailroad Constrnction (New).—The latest information of

the completion of track on new railroads is as follows:

Alma & Little Rook. —Completed from Alma, N. C, southwest to Al-fordsTille, 12 miles.Des Moines Osceola & Southern.—Extended from Osceola, la., a«utu

to Davis City, 29 miles. Gauge, 3 ft.

Gulf Colorado & Sauta Fe.—Track laid on the Houston Branch fromAlviu Junction, Tex., northwest 27 miles.

Kansas City St. Joseph & Council Bluffs.—A branch is completed fromForest City, Mo., west by north to Eulo, 9 miles.Markesan & Brandon.—Extended from Granite Quivrry west to Marie-

san, Wis., 5 miles.Nashvllie & Tuscaloosa. -Extended from Graham, TeBu. , south toDuck

River, 8^4 miles. Gauge, 3 ft.

New York Ontario & Western.—Extended from Middletown, N. li.,

eastward to Cornwall, 25 milts.St. Louis & Sau Francisco.-The Arkansas Division is extended from

Vau Buren, Ark., southwest to Fort Smith, 6 miles.Sau Luis Obispo & Santa Maria Valley.—Extended from Santa Maria,

Cal., south by west to Los Alamos. 15 miles. Gauge. 3 It.

Southern Pacific-The Mohave Branch is extended from Calico, Cal.,^

eastward 45 miles.This is a total of 181 '4 mUes, making 10,328 miles so far reported for

1883.New track is reported laid in the present year as follows :

Gulf Colorado & Santa Fe. —Tracrk laid on the Houston Branch intoHouston. Tex-.. 2 mile-.This is a total of 2 miles thus far reported for 1S83.—Railroad Gazette.

—The copartnership between Louis H. Taylor, Jr., andLindley Haines, in Philadelphia, under the firm-name of L. H.Taylor & Co., has been dissolved by mutual consent. Mr. LewisH. "Taylor, Jr., has removed to the southwest corner Third andChestnut streets, where he will continue the banking and broker-

age business, under the firmruame of L. H. Taylor & Co. Mr.Lindley Haines will continue the banking ard brokerage busi-

ness at No. 140 South Third street, with Charles 15. Haines, un-der the firm-name of Haines Brothers.

—Messrs. Kidder, Peabody & Co. offer for sale a limited

amount of Atchison Topeka & Santa Fe RR. trust mortgagesinking fund six per cent bonds, due 1911, and recommend themespecially to investors. The statement of the road for the last

year, after payment of a 6 per cent dividend upon the stock,

shows a net .surplus of $919,003 over all expenses.

—Mr. Joseph Gr. Martin, of 10 State Street, Boston, has issued

his annual " Stock Fluctuations," giving all information as .to

stocks and bonds known in that market, in his usual completeand excellent shape. Mr. Martin's publications have been issued

for many years in Boston and are well known as a standardauthority.

—The privilege given to persons interested in the Col. Chie.

& Ind. Cent, to subscribe to the reorganization agreement hasbeen extended to Jin. 22, when it will expire. Full particulars

in regard to the privilege will be found in our advertisingcolumns.

—Mr. Rensselaer Weston has been admitted to an interest

in the well known firm of Barker & Tinker of No. 2 Exchan^&Court. Mr. Weston has been in the Street several years, and is.

highly esteemed by a circle of good friends.

—The monthly dividend of $50,000 has been declared forDecember by the Homestake Gold Mining Co., payable byMessrs. Lounsbery & Haggin.

—The large holders of the City of Houston (Texas) debt havedeclined the offer to fund the same at 50 cents on the dollar

and a new bond at 4 per cent.

—The Deadwood-Terra Mining Co. has declared a dividend of$20,000 for the month of December, payable at the office ofLounsbery & Haggin.

Auction Sales.—The following, seldom or never sold at theStock Exchange, were sold at auction this week by Messrs.Adrian H. Muller & Son:

Shares.000 Broadway Bank 250100 Tradesmen's Nat. Bauk..ll510 Fultou Nat. Bank 13490 Bank ot Commerce 152%150 American Exc. Bk. 13031301994 Merchants' Nar. Bk.l29d.l28%8 Bk. of Manhattan Co 154i2

15 Citv Fire lus. Co 115ia30 N. y. Equit. Ins. C0.14519 ex-d."4 Nat. Bk. of State of N. Y 133 "s54 Mechanics' Nat. Bank 15111 Mercantile Nat. Bank 1174 8t. Nicholas Nat. Bank. . . 145ia8 Continental Ins. Co..241exd.

21 Bridgeport Gas Light Co. 146100 Mechanics' Nat. Bank 15150 Pacific Bank \^S^20 Franklin & Emporium

Ins. Co 11826 Montauk Fire Ins. Co 10850 Atlantic Avenue RR. Co.

of Brooklyn Ifil10 Union Ferry Co 1715 Nat. B'kof Stote of N.Y..133%

Shares.50 Irving Nat. Bank 13233 Metropolitan Gas Light

Co. of Brooklyn 766N. Y. Bowery Ins. Co 196

25 Citizens' Fire Ins. Co ISO^i100 Chic. & Can. So. RR. Co.. 44

Bonds.$1,000 City of Milwaukee,

Wis., 5s, ReadjustmentBond, due 1891 100%

.$1,000 New Brunswick, N. J.,

Water Co. Ist mort. 7s,

due 1897 :....115$1,000 Mutual Gas Light Co.

Ist mort. 6s 102 & int.

$500 N. Y. Co. AccumulatedDebt 7s, due 188 1.104 Si & int.

$5,000 (Jersey City "s WaterScrip, due I891....IIOI4 Atnt.

$1,000 Jersey City 6s WaterScrip, due 1891 105 & Int.

$6,000 Jersey City 7s{40-year,duo 1913 1121a (Stint

$10,000 Atl.iuta & CharlotteAir )>ine RR. Co. Income. 72&lut.

j.\NUAt.T l;J, 1883.J THE CHRONICLR 49

DIVIUBNOB.ThafoUoirlnii dlTldAnda have recently been annonnoeA

:

Ifamt of Company.

Mnllroada.Baia EiiBlo Valley(loiitral V'licltlo

Clev. I'ol. ('111. A Uiil

Haiinibitl ti Ht. Jnsuph prefMarqiipttn Kiiiislituii & OutOrcftu" K'y ANiiv. (qiinr.)

St. lA)iila ic Sail Fi'sco lat prcf

.

Hank.Bank of the Mutropolls

luauraucii.Amorlfau I'lro

Anicrlran Kxcliaiigu FiroClinton Fir«Contincn till

Emi>oriiun FlroPwraKut FireHomo I'M reN. Y. KiiultitblePnoilii' FlroRnlKiTs FiroSrandartl Fire ,

United States Pircini>ic«iI.<neon«.

Fidelity and CasHiilty Co

PerCenl.

5$32342<9

SHi

5

31a6(i

557631fl

WhenPayable.

Feb.Fell.

Feb.

Books Otoaed.(Dayi inclusive.)

Feb.Feb.

On dem.

Jan. IBOu dem.On dem.On demOn demOn demOn dem.Jan. 15On dem.Feb. 1

On dem.On dem.

On dem.

Jan. 16 to Pel). 2Inn. 10 to Feb. 1

Jan. 17 to Fob. 16

Jan. 21 to F'eb.

Jan. 21 to Feb.

1832. 1883.Shares. Sharen.Sunday. 262,770328.672 233,804427.618 207,535416,069 146,.58b

NEW YOKK, FRIDAY, JAN. 12, 1SS3-.5 P. M.The Money Market and Financial Situation.—The money

market is quite easy, and the rei)ort8 of railroad earnings aregood, but tlie stock market remains very dull and prices arebarely maintained. For the first eleven "days of this year thetotal number of shares sold at the stock board was as follows :

1882. 1883.Shares. Shares.

Jan. 2 Holiday. 317,365 Jan. 8" 3 442,S75 368,697 " 9" 4 518,712 337,2.54 "10" 5 478,581 3T8,673 ' 11. ..

" 6 573,032 258,164" 7 324.227 Suuilay. Total 3,409,289 2.510,845

It Is not difficult to account for the relatively small businessin stocks by two facts—first, that the last four months of1883 entailed considerable losses on a large number of moder-ate operators, and, secondly, that the railroad kings and theirimmediate followers have so far done nothing this year tostimulate an advance in the general market. Upon the whole,it is more favorable to have a quiet opening at the beginningof the year than to have a fictitious activity and unhealthyadvance to be followed by a speedy collapse in prices.Nothing is more damaging to a steady legitimate commissionbusiness in stock.s than a false movement, bolstered up byuntrue or exag,gerated reports or estimates, which lasts but ashort time and then breaks down as rapidly as it was forcedujiward.In the year 1883 it is hoped that the course of prices in the

stock market will be guided by rational influences, and thatany advance which may take place in one stock or another•will be based on a fair estimate of the value of that stock asit may be affected by the earnings of the road, the characterof the company's management, alliances with other strongcompanies, &c., &c.The money market is abundantly supplied with funds, and

call loans on stock collaterals have ranged at 4@6 per cent,while Government bond dealers have paid 2@3 per cent, andprime commercial paper sells at 53^@6 per cent.The Bank of England weekly statement on Thursday showed

a gain of £264,000 in specie for the week, and the percentageof reserve to liabilities was 37 U-16, against 39Ja the previousweek ; the discount rate remains at 5 per cent. The Bank ofFrance lost 7,43.5,000 francs gold and 3,200,000 francs silver.The New York City Clearing-House banks in their statement

of Jan. 6 showed an increase of $1,261,823 in their surplusreserve, the total surplus being $4,637,33S, against $3,373,400the previous week.The following table shows the changes from the previous

week and a comparison with the two preceding years:

Loansand dl8.

SpeciecSrculatiou...Net deposits .

LeKal tenders.

1883.Jan. 6.

Difer'nees fr'mprevious week.

«317,419,20O Inc. $6,348,00060. 152,800: Inc. 2.525,70017.537,6aOiDeo. S7.900

30:^,881.100 Inc. 11,217,50020.204.71)0 Inc. 1,510,500

$75,720.2751 Inc. i2,S04,3758j,357,500 Inc. 4.066,200

1882.Jan. 7.

liBgal reserve,fieserve held.

eorplus $4,636,225 Inc. $1,261,823

8319,110,40061,514,00020.209,000

299.500,40016,678,800

$74,875,10078,192,800

1881.Jan. 8.

$3,317,700

$304,080,20061,948.90018.426,200

285,787,70013,817,400

$71,446,92575,766,300

$4,319,375

Exchange.—Foreign exchange is firmer on a gooa demandfrom bankers and merchants, and the supply of commercialbills is not sufficient to keep rates down. To-day on actual

Jan. 12.

Prime bankers' nterltnf;blll< on London.Prime conuiierelalDocumentary commercialParis (francs)Amsterdam (Kullders) ...Frankfort or llrnmnn (relohmarii)...

BUety Days,

4 81 '94 824 80 «4 HOiii4 7P<9»4 805 2.3>«|95 22 >9Zn\9 39''g

94%» 04<^

Demand,

4 S4\«4 804 84 94 84>«4 83 94 845 20 «S 10^40 9 4014a5»s9 9,%%

United States Bonds.—There has been a very fair businesskept up in government bonds, and the demand from banksand investors is larger than was expected after the year hadturned. Of course the action of CongresR at this sessionmay have much to do with the course of governments, andit remains to be seen what the tendency of legislation will be.The closing prices at the N. Y. Board have been as follows:

Domestic liills on New York were quoted to-day as followsat the places named : Savannah buying }^ dis., selling par(aiflPrem.; Charleston, buying }^ dis., selling par g/;ig dis.;New Orleans commercial, 75(«100 dis., bank par; Chicago,."50^75 prem.; St. Louis, 25 dis.; Boston, 25@30 i>rem.Quotations for foreign exchange are as follows, the highest

prices being the posted rates of leading bankers:

58, continned at 3^..4>48, 1891 rCK,4'««, 1891 coup,48, 1907 reg,48, 1907 coup.3s, option U. S rog.Bs, cur'cy, 1895-.reg.68,our'cy, J896..reK.68, cur'cy, 1897. .reg.6s, cur'cy, 1898. .reg.8s. cur'cy. 1899. .reg.

Interest Jan. Jan. Jan, Jan. Jan. Jan,Periods. 0. 8. 0. 10. 11. 12.

-Feb.-Mar.-Mar.-Jan.-,Tan.

-Feb.& J.A J.A J.A J.&. J.

'102'113»9'113%'119-''8

11938lOSM'129'130131132132

102n35«113=a;II9I3U'.'M10338,129130131132132 I

102113»8

•1131a11959119i>8'103 14129•130131•132•132

'102

H3»(<n9V103ib129130131T32132

102113%

-1133H•11938!•11938103 >4•129•130•131•132'132 >2

102ll?>fl]13>a119\119^103 >8

120130131'132'132

•Tlijs is the price bid at the morning board ; no sate was made.

U. S. Snb-Treasnry.—The following table shows the receiptsand payments at the Sub-Treasnry in thLs city, as well as thebalances in the same, tor e^eh day of thoi past week:

Beeeipls. Payments.Balances.

Dale.Coin. Currency.

Jan. 6.." 8.." 9.." 10..'• 11.." 12..

$1,256,786 741,353.272 V21,223.989 751,126.703 69839.875 49865,523 72

$1,345,198 931,205,026 12907,605 73885,393 36

1,2."4,478 10839,783 81

$111.641,147 19111,745.:{00 38112.209.403 20112.370,149 17111.921.404 00111,777,163 65

$5.295,578 015,;<39,670 825.191,952 025.272,516 385,306,658 855,476,639 20

ro^al.... 6,666,151 51 6.437,486 05

State and Railroad Itouds.—Tennessee had a Treasurer;where is that Treasurer now ? For years the State of Ten-nessee had been toying with her creditors as a cat toys with amouse ; she had taught her State officers that the funds col-lected and properly applicable to interest should notbe paid to the bondholders, but the bondholders were merely-permitted to know that the State had the money and that theycould not get it. Finally, Treasurer Polk, becoming confused inhis mind as to who really did own the money, put some of it

where he thought it would grow the fastest, namely, in mar-gins on the stock of Memphis & Charleston, a good Tennesseerailroad. He became very " long " of M. & C. stock, but shortin his accounts about $400,000 ; and now a great cry of indig-nation is heard in Nashville against the Treasurer, who hadlearned his lesson too well, and Tennessee, with pistols andguns, pursues poor Polk over her borders into a neighboringState and arrests him there, among the prickly pears, neairSanAntonio. Consistency, thou art a jewel

!

There has been some activity in Southern State bonds, partlyowing to the Arkansas decision, and North Carolina speciftax sold to-day quite freely at 9 to Wi: South Carolina non-fundable, 1%; Virginia 6s deferred, i4J^; Louisiana consol 7s.

ex-coup, 65)^; Arkansas 7s, Central Railroad issue, 20.

Railroad bonds have been in fair demand on well distributedinvestment orders, but prices this week do not, as a rule, showa tendency to advance towards much higher figures.

Railroad and Miscellaneous Stocks.—The stock markethas been devoid of animation, and in the absence of activepurchasing the prices of some stocks are barely maintained.It is probable that all parties are waiting to see how businessaffairs start out in the current year, and if everything prom-ises well in commercial affairs as time goes on, the generalinterest in the stock market will increase.

Railroad earnings for the year 1882 are published to-day onanother page and make a very creditable exhibit, consideringthe small crops of the previous year and the war in rateswhich existed in the early months.The Southern railroads must have a great deal more cotton

to transport between this time and the first of May than theyhad last year, and in the West, corn will be a much heavieritem than in 1882.

It seems highly probable that the litigation between theWestern Union and Mutual Union telegraph companies, andthat between the Metropolitan and Manhattan elevated roads,will be settled before long, as it will become too unprofitableto keep it up. These matters being adjusted would removeone of the small clouds which has for some time been hang-ing over the market.Nothing more has been heard definitely of the consolidation

among the Gould roads rumored to be in contemplation, but it

is more than likely that some change will take place in thatdirection.

President Dowd, of the Hannibal & St. Jo, says that the fol-

lowing is an approximate statement of the result of theyear's business, viz. : Gross earnings 1883 about $2,418,000;expenses, $1,374,000; giving an increase in net earnings over1881 of about $171,000. The percentage of operating expenseswill be a little less than 57 per cent, as against 62 per cent for

1881.

50 THE CHRONICLE. [Vot. XXXVL

EANGE IN PRICES AT THE N. Y. STOCK EXCHANGE FOK THE WEEK AND SINCE JAN. 1, 1883.

STOCKR.DAILT HIGHEST AND LOWEST PRICES.

Saturday. Monaar, Taeaday, Wednesrtay, Thnrsrtay,

J.au. 6. Jan. 8. J.in. 9. Jan. iO. Jan. 11.

RAII.KOADS. _Atchison Topeka & Santa r «•-

Boston & N. y. Air Ltnf ,prel.

BnrllnfTton Cedar Bap. A No..Canada SoiitliernCedar Falls & MinnesotaCentral IowaCentral of New JerseyCentral PaclttcObesapeake <& Olilo

DO Istpref—De 24 preJ

OhloagoA Alton •

Chicago Burlington & Qulncy.Oblcagn Milwaukee * St. Pan

Do P"'Chicago <S Northwestern ......

Do pref..

Chicago Rock lel. <t Paclflc...

Chicago St. I/. & New OrleansChicago St. Paul Minn. <t Om.

Do Pr6'Cincinnati Sandusky * ClevCleveland Col. Cln. <fc Ind...Cleveland A PlttsUnrg guarColnmbla & Oreenville.pretColumbus CTIiic. <fe Ind.ContralColumbns Hocking V.^l & Tol.

Delaware lACkawaunaA WesiDenver & Rio GrandeDubugoe & 81oux CityEast Teimessee Va. & Oa—

.

Do prelEvansvllle & Torre Haute ...

Fort Worth & Denver City . .

.

Oreeii Bay Win. JSc St. Paul..Hannibal <& St. Joseph........

Do „ pret...

Houston it Texas CentrallUlnolB CentralIndiana Bloom'n & Western ..

Lake KrleA WesternLake ShoreLong IslandLouievllle <& NashvilleLoulBVille New Albany <t ChicICauhattan -

DC IstprefDo common

Manhattan Beach CoUemphis & CharlestonMetropolitan KlevatedAii«^hlgan CentralMilwaukee L.Bh.& Weslern..

Eo pret.

MinneapuUs <& St. LouisDo pref..

Missouri Kansae <& TexasMissouri PacillcMobile & OhioMorris & EssexNashville Chattanooga <t St. L.

New Vork Central & Hudson .

New York Chie. <fc St. Louis...Do pref.

Newl'ork ElevatedNew York Lake Erie A West.

Do pret.

New York & New BuglandNew Vork New UaveuA Hart.New York Ontario i Western.Norfolk * Western

Do pretNorthern Paoiilo

Do prefOhio CentlralOhio tfe aiississipplOhio SoullieruOregon & Traue-Continental..Panama, Trust Co. cortlUcateHPeoria Decatur <b EvansviUe.Philadelphia & ReadingPittsburg Ft. Wayne* Chic...Renraelaer & SaratogaRich^A Allegli.,st'ck trust ctts.

Blchnoud <fc DiiuvillBRichmond »fc West PointRochester <t PittsburgRome Watertown >k Ogdensb.Bt. Louis Alton A Ten-e Haute

Do pref.

8t. Loius <b San FranciscoDo pi"ef . .

.

Do 1st praf

.

Bt. Paul A. DalotbDo pref

8t. Paul Minneap. <fc ManitobaTexas «& i'aciUcToledo Uelphos A Burlington .

Union PacihcWabash bt. Louis A Pacitlc ...

Do pret.I»li!<(:KI.I,ANE(>II8.

American Tel. ȣ Cable Co- Bankers'* Merchants* Tel..Colorailu Cual * ironDelaware A Hudson Canal ..

Mutual Union TelegraphOregon Railway A Nav. Co..PacUc MallPullman Palace carWestem U nion TelegraphSutxo Tunnel

KXPREiiS.AdamsAmericanUnited Stat«8WeUs, Fargo A Co

COAI., AND nilNINU.Consolidation CoalHomestake MiningLittle Pittsbiiig MiningMarli osa Laud A MiningMaryland CoalOntario Sliver MiningPennsylvania CoalQnickailver Mining

79 7982 ba67 67=4

70 701^Seij 8715'22 2ii=e

33 US•23"a 26iSS^Q....123 123 'i

lOoU 100=8121 1211331a I35I4149 150121 127 >4

*84 ,

52 14 52",112 112a.

'82 83139 110

•3'8 4'2

126=4 12841>s i5h

82 826738 83

GO'S 70»8HO's 87 «•22 « 23-^*31 35•23 "a 28ISSHslSolj123 '4 123 Si

10638 106^412H4l21»4133% 135I48I4 149'4126 127

52 6211134 iia^i

83 8313934 13934

934 10•17 "a 18

5078 79*75 79143 1431V33 333j31i« 3134

11214 ;i3i!i-00 6153'e 643j

-44 47•831a 86•44 4719 1960 6282 829734 OS's-17 2048 48V28% 2Siii

64 6532 14 33

10218 10319 19H!

1251a 127341434 15343234 33I4•96 10539"a 40i«

I"50" "56"1702618 26 14

41a 4Hi

1271s 1284438 461a

9 791a 79 7982 82 *816734 68I4 6714 6734

2570

2571

8718 871^-221a 23=9•321a 35231a 231a

13634 1363412334 123»4106'% 107122 12213334 13514^38 14912614 1261a

5234 53 It

1121411212

821a 82 >a

10 101734 1734

30=8 30=8

80 80•75 7914336 I441334 3431 311a112 II3I46O34 6O345334 55»4

4^8 4'f

12734 1233„45 Is 46 le

933 934>1734 18

4a la 48344834 49388538 8J34•13 I3I2•33 3413 13%8S 85 '1

'26'-;'27"

5438 56

i'ii" i'ii"141a 15•551a 60•23 2621 211a

*44 47•831a 86-14 47•18 1949 5583 14 8593% 9334-171a...48I4 48»4•281a 2965 658238 32 78

102% 103-'!,

•19 191a

125 '6 127%15 1533 33•96 1053938 403s•82% 821a.W 60 34

•17026% 26 '4

18 18481a 4.8 la

48 '8 49 li

8534 8613% 133e•32% 331-.

509238•32-52%•S;8%38 7q

97141^8=8

50\92=83453%1003i97141%393,

102 's 103=834 14 3553'8 54»6

84^8 8534

27" "27"5434 66

13614 137

55 5_-23 25%21 14 21 's

60% 50%93 93•31% 33•51% 53•98 10039 40%96% 96%141% 142%38^4 40

i03%i03783434 35%54% 00

67% 68

28% 28% 29 2914108% 108%21 21140 14043% 43%

1US% 108342334 233j140 1404134 4214

1243b 124341.123% 124%803g 81% 80's 81'8

<7878144%34%3II4113%61 14543664 '84785•47%•18518598%-17%47%28%•61%33

102 76

193812469 1426381434S39640

2669%87%2333%2t

267OI487%23 14

33%24

136% 136%123 14 I23I4105% ;06121%12i%133% 133'i14734 148124% 125 14

80 SO62 523eIIII4II2

8^34 823i•13834 139=8

•3 '8 4%

12634 127%4334 44 's•S8 9010 1017% 17%

508178%145353134

113-'8

611455 '«

6549%856U

79•77

607979

'82 83%67% 6734

6934 7OI487% 87 14•22% 23%•33% 3625 14 25135% 135%123 123105% 106%

133% 134148 14812414124%

"51" "52 i<

11034 111

82 82139 139»<

126^8 127%4334 44%

10 1017=8 1734

30% 30%

80508O34

633<85i-91,

4828346534%

103341936

12460127 14

14',,33i.>

10540%

5a% 52 14

"26% "26%

4834 4949% 49'e8534 S6%I314 13%3334 333^

851* 3534

55 14 56%136 137

•55 6924 24-421 22

144 144''8

33 34 1(

31 3II4112% 11361 4il54i< 65

60

19 1952% 51

97% 98 S.

16%...•48 ...

28 28%

"33%"3'.r%102% 103%19% 19%

12314123146934 6iJ%125% 126%14% 143j

32% 3234

3934 4914

'so'is'soia175 17526I4 26I4

48% 494334 49%8534 8613% 13%

144 114 14

33 33 S31134 3934112% 112%61% 61%64 % 55 14•61 66

Friday,Jan. 12.

79% 80%•81 ...,

6734 67%

25 2570% 71%87%-22%33%

87%2333%

•24% 25 1;

136% 136 Hi

123% 124105% 106%121341213413314131%146% 148 14

121% 121%-79 8052 52%

11034 1113,

82 8:I39I4I39I4

4% 4%

i27" i'iiK44% 45%89% 80%0% 10

1734 18

30% 31

•1852

1963%

98

•2734 28 14

-63 6132% 333,102% 103%•1834 :o%12234 122345934 60%125% 126'14% 143432 32

39% 40

1

"56% "56%171% 171%•26 26 %

4734473485 14 85%13 13%

85 14 85 14

•26% '2755 65%

•135% 130%

51 531.91% 95-3II4 33•51% 53•98 10040% 40%-97 98142 14339% 403<

i03%i04%35% 35%54% 51 14

293, 2934IO834 1083423 23 3,

42 42

"8'i%"82%

52 55%21 24 --4

21 21%32% 32%•50% 62•92 95•31% 33•51% 53•98 10040% 4')%!•9634 il8

142 14339% 40%

ibs" i03%34% 35%54% 5439

12%8I34

12%85

5081 82•75 7914134 1443432 •>4 3331 31V112% 113%61 61%54',

---

•62-458845

55%65508850

-ISU 2043% 52%•83 S597% 98%•I714•48 48%•28 29•63% 6533 14 33%103% 103%

i23" 12360% 0034126% 1271434 1532 321..

-96 10539% 40%82% 82%

i72" iV26% 26%

48 48%48% 49%85 '4 So %13% 13%it2% 32%

85 85

•2634 27% 27 2754I4 55% 55% 55%

13634 13634 136% 136%

53 652334 233420% 21%

28% 28 'a

IO834 10834

139% iio"41% 41%12334 12481% S2

49% 52%22 2221 21%

•50 6292% 92%

100% 100%•39% 4196% 96%

'111 1423a% 40%

ib2% 103%31% 35%51% 51%

68 08

108% 108%21% 21%133 13934

-50%9334%5334•98%39%-96=4141%40

5134V'ih34%54%1003997%

1440%

102% 103%34% 35%54 % 55

68 6834

283, 2834103% 108 34

22 22133% 139

41% 4134 41% 41=4123 123% -123 12481% 82

I81% 82%

134 13492 9364 65%

•126 129

•25 ....

Do pref.... Mining

.

Standard ConsolCameron CoalCentral Arizona MiningDeadwood MiningKxceleior MiningNewCentral CoalRobinson MiningSliver Clin MiningSt >»-"innt M'n^nir

1040

134 ise9.;% 92%•63 % 65126 126

•2518 18

35% 35%

•8 9•35 406% 6%

134 135•92 93•63 65126 126

18 18

33 13391 9364 64

•125 126

27% 27%

•8-35 40

*;31 13592 92•60 65125'4 125»4

27% 27%

38% 35%

•8•35

940

•1435

5735

*13 16

1,230161

11,915

20022.50014,080

103630110439

6,802138,622

80037,0203,8449.110200

16.7504,920

1,300191

124

IO5I326210,752

l.?4 13492 92y3'4 6334

12534 12534

•27% 30

•16 18

•8 10•35 40

•IS 17

1,6852,200

Range Since Jan. 1, 1883.

Lowest.

79 Jan.82 Jan.65 Jan.15 Jan.25 Jan.68% Jan.85% Jan.22 Jan..30% Jan.23 % Jan.134% Jan.120 Jan.103% Jan.11934 J.1U.132% Jan.145% Jan.123 Jan.80 Jan.60% Jan.109% J.in.

80 Jan.139 Jan.

3% Jan. 2

126% J.^n.

39% Jan.89 % Jan.9% Jan.17% Jan.

30 Jan.6 Jan.

1,110400

5,6303.6384,78033,8101,800

78,110400UOO50

72 Jan.75 Jan.141 % Jan.32 Jan.2a% Jan.110% Jan.00 Jan.5 1 % Jan.64% Jan.47 Jan.8434 Jan.

20043.9051.100

16.050

Highest.

80% Jan. 1283 Jan.68% Jan.16 Jan. 328 Jan. 371% Jan. 588 Jan. 623% Jan. 1033%'Jan. 62.114 J.in. 1113634 Jan. 9124% Jan. 6107 Jan. 6122 Jan. 9136% Jan. 4151% Jan. 5127% Jan. 680 Jan. 1053% Jan. 5113% Jan. 5

84 Jan.140 Jan. 2

4% Jan. 9

i'2914 Jan."'416% Jan. 889% Jan.10% Jan. 218% Jan. 2

31 Jan. 126% Jan. 2

800900900

43,50021,010

937177

0,60080.3965.1604,300

129.590

3.60061

1,02510

3.40071.21816,1192,083

5350

21,081

r,65o37,400

14310

2002,3101.050

3:,940136

1,4201,100

1,200300621

63,331

6i'90525,60023,875

350

i",3o63,1165405920

2,2101.260

35,055

140210

18 Jan.46 Jan.82 Jan.90 Jan.17% Jan.47% Jan.2734 Jan.60 Jan.,30% Jan.100% Jan.18 Jan.122% Jan.55 38 .Tan.125% Jan.14% Jan.32 Jan.

37 % Jan.79% Jan.60 Jan.171% Jan. :

25% Jan.18 Jan.47% Jan.40% Jan.83% Jan.12% Jan.31 Jan.11% Jan.82% Jan.

26 'Jan.'

52 % Jan.135 Jan.139% Jan.14% Jan.49% Jan.

- 22 Jan.20 Jan.32 Jan.48 Jan.90 J.in.

34% Jan.62 % Jan.98 Jan.3834 Jan.95 Jan.139 Jan.36=4 Jan.

i'oi% Jan.'32% Jau.52 Jan.

65% Jan.133 Jan.25% Jan.107 J an.21 Jau.138 Jan.4034 Jan.122 Jan.7938 Jan.% Jan.

133 Jan.91 J.in.

6334 Jan.125 Jan.

82 Jan. 1:

For FullYear 1882.

Low. High

84606744142763%82%19%27%21127%120%98%114%12413612268293^97%4465%133503'(

66116%38%82815%6820%6

4572

78% J an. 9 6145 ^n. 935 Jan. 932% Jan. 5114% Jan. 401%Jaii. Ill

65% J an.68 Jan. 649% Jan. 983 Jan. 12

19 Jan.55 Jau. 885 Jan. 899% Jan. 518 Jan. 448% Jau.29 Jau. 465 % J an.34% Jan.

103-34 Jan.19%Jan.

124 Jan. 96O34 Jan. 12128% Jan. "

16% Jan.35 Jau.

'46% Jan."83 Jau.52% Jan.

175 Jan. 1026% Jan. 418 Jan. 849 Jan. 949% Jan.86%J.in. 9]3%Jau. 531 % Jan.13% Jan.86% Jan.

27 % Jan.58% Jan.137 Jan. 8141 Jan.16 Jan. 667% Jan. 624% Jan. P22 Jan. 532% Jan. 1053% Jan.95 Jan. 934% Jan. 1254% Jau. 12llHI%Jan. 114fl%Jan. 997%Jan. 4143 Jau. 5403, Jan.

104% Jan.3534 Jan.55% Jan.

205500

100

• These are the prices bid and asked; no sale was maile at the Board.

09% Jan.133 Jau.30% Jan.

1119% Jau.2334 Jau.140 Jau.4314 Jan.125 Jau.

31 82% Jan.31 %Jau.

1

5 135 Jan.3 93 Jan.

12' 65% Jan.5 126 Jan.

1273,3023%9849%46%674082401542%77771341"4196926%86%12

1193,47123't10%270033%674516320%1644%28 »4

663411%271160165234634130131%13522317%2020%563143793,2663103%318%

98 V23 3,

lo'i

651252510234191,123323j11776%%

27%18

Jan.Jau.

35 Jan. 11

27% Jan. 10IS Jan. 8

35% Jan. 8

6%18%

Jan.Jan.Jan.

14 Jau. 4

95%80%85%733037^97%97%2741%29145%141128%144%150»i175140%8458%1176292»414010421Tg68150%74%96%1626%863442%16110111%92%150%49%45120%65100»47860%98%533782^931052158%38347742%112%353412887%138173437%109%433488%60%18631 't246054%100 3»

25%4323%983^

204393467%13914440

2,5026336%405094%46%66 -a

106%423499%166%5519

1193439%713.

71132OS's1193430%163%433414593%

0%Jan. 818 Jan. H% Jan. I'J

14 Jan. 4

1339062125

27%15%1%1%

1333

2408404%18%

4%

13%121%

149%97%80%132

36%19342%2%2S4024S14%62%193<37%1%8>42%234a»41%

II

Jandabt 18, 1888.J THE CHRONICLK 51

QUOTATIONS OF STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES.STATE BONDS.

SECURITIES. Bia.1

SECURITIES. Bid. Aak. SECDRITIES. Bid. A*k. 8BCUB1TIE8. Bid. Aik.

c\k«a A, 3 to B, 190(1....

GloiiB A, :i tofl, rnimll...

daw B, r.K, IIMMIrliuwc, 4b. llMHi

83M100H5

102

28»53S

"sa"'10

lOO107105106114

72»4OS

84

87"

31408137

"ii"

lie"

73 >a

Loulnlann—Contlniii'd—Kx mutnrcd coupon

.MIcliiKan-7k. 180O

66

115

100KHI107107 Hi110114118100100

iiij"

N. Carolina-6b, old, J.AJ.eB,old. A.ftONo. Carolina RU.,J.4J.

Do A.&ODo coup, off, J.AJ

.

Do coup. off. A.&O.Foiidlnir act, 18iltl 1000

3030

15615513013010

1

"

'ouso

Sonlh Carolina—6», Act Mar. 23, IBOO**non.funiliible, 1888.

Brown connol'i] fin, 180TenncBHec- (IK, old,1802.8

68, new, 1892-8-1000 ...

68, now Hi'iicB, 1914 ....

Cnipinl8e,3.4.6-08,1912Virginia—tJM. old

6

10243 Ki

414144>!i38as8ft

70644812»4

10103 Is

C.H, due 1882 or 1883....tJN clue 1886

45

ArkHni«aN—On, fuudcrt, 1800-1900..7b, L. RTCk A Ft. ». l8».

Tb Menin.A UKork UK7«,I.. R.P.B.&N.O. im7«, Miss. 0.*R. U. RK.7b, Avkiili..*UH C«int. HR.

ConiU'itliiU- liK. l»83-'l..

G*orKla-()», 1S80

44Do 18)18-1808 10 4(1

t>K ilnti 188R . . .. New bonds, J.* J., '02-8Do A.AO

151548»4»hS^i7875

t!». duo 1880 or 1R90....A »vl'ni or Univ.. ilue '93FiiiuUnB. 1894-0.1Haunlbttl & »t. Jo., '80.

Do do '87New York-

er, gold, reg., 1887(!h. Kold, conn., 1887....

Special tax,cla«8 1 , '98-9Do class 2Do cla89 3

68, consol. bondn(is, cx-maturotl conpon.6<4, consul., 2d series

Small District of Columbia—3-60S 192478. enaorsrd. 188U Ohlo-

6»,1888

7r. consol., 10148» loAn, 1882 Rhode Island—

Ob, coupon, 1803-90 1156»! loiui'. 1803 Funding 5», 1899

Do registered •

RAILROAD BONDS.

Railroiul Bonds.

(Stock Exchange Pricrt.)

Ala.Central—l8f.6s, 1918Allcc'vCcn.-lst. 68,1922At.li.1'.A.S.K<^-4i-j,l«)20SlnkiHK [«"<!, 6». 19U.

Atl. cjt rac—l8t, On, 1910Balt.A O—l8t,C8,Prk.Br.Boat. Hai tf. A E.—1st, 7s(Juarantecd

Bur.C.Rup. A No.—l9t,.58Minn.&sst.t,—l8t,7a,KulowaC. tfeWest.— Ist.TsC.Hai>.IaP.&N.-l8t,G8,

1st. 58, 1921Central Iowa—Ist, 7b, '99|

Char. Col. it Aug.—lBt,78Chcs.A Ohio—Pur. m'vfd.

6e, gold, serle8 A, J908.Ob, gold, series B, 1908.t»8, currency. 1918Mortgage (is, 1911

Chicago & Alton—Ist. 78.Sinking fund, Os, 1903.!.». A Mo. lliv.—Ist, 78.2d, 7«, 1900

St. J,. J.ack.<t Chic—1stl8t. guar. (o6-l),78,'942d i3(i0),78, 18982d, guar. (188),78,'98.

MiBS.K.Jir'go-Ist.s.f.OsC.B.&Q.-Consol. 78.1903

5e, sinking fund, 1901.-la. Div.-S. l\, OS, 1919

S. F., 4s, 1919Denver l)iv.-4s, 1922.

.

48,1921C. R. I. & P.-Bs, cp.,1917

fi8,reg., 1917Keo. & Des M.—1st, 58.

Central of N. J.—Ist, 90.iBtconsol. assented, "99Conv.. a.S8ented,7s,1902Adju.stlncut,78, 1903...Xeh.&W.B.-Con.gd.a8Am.D'kAIlnp.-u9,1921

C.M.ASt.P--let, 8s. P.D.2d, 7 3-10. P. D., 1898..1st, 7s, $g..R. D., 1902.let, I.aC.Dlv., 78, 1893.1st, 1. A M.,7s, 1897...l8t, I. A D.,7«, 1899....Ist, C. A M.. 78. 1903...Consol. 78, 19032d, 78, 1884Ist, 78, 1.AD. Ext., 19088.W. Div., lst.68, 1909.let, 5s,LaC.ADav.,1919iBt, S.Minn.Div.Ba.19101st, H. A D.. 78, 1910.-Ch. A Pac. I)iv..t>8,1010lbt,l liic.<fcP.\V.,58,1921Min'l Pt. Div., os, 1910.C.A L. Snp.Div..,'iB,1921

C. A N'west.—S.fd ,78.'8SInterest bonds. 7s. 1883Consol. bonds, 78, 1915.Extens'n liouds, 78, '85.

1st. "a, 188.".

Coupon, gold, 78, 1902..Reg., golil. "s, 1902Sinking fund, 6s, 1929.Sinking fund, regSinking fund, 58, 1929.Sinking fund, regKscana A I,.S.—l8t,6s.Des M.A Min's-lst, 78Iowa Midland—Ist, 88..Peniu.sula— l8t,conv. 78Chicago A Mil.—1st, 78.Win.K St. P.—l8t,7B,'87

•2d, 7a,1907Mil.A.Mail.-l8t,6B,1905

C.C.C.A Ind'8-l8t,78,8.f.Consol. 7s, 1914

C.St. P.M.AO.—Consol..68C.St.P.AM.-lst,«8.1918N. Wia.-lst. 08, 1930..8t.P.>tfS.C:.— I8t.()a.l919

Chlc.AE.lll.-l8t,8.f..cnr.Col.A Green.—l8t,68,19162d, 6a, 1926

Col. H.Val.ATol.-l8t,58Del. L.AW.—7s, conv.,'92Mortgage 78, 1007Syr.Bing.&N.y.-l8t,7sMorris A EsBCX.-l8t,78

•2d. 7a,1891Bonds. 7a, 19007s of 1871,1901Ifet, consol., guar.. 78.

Del. A H.—1st, 7a, 1884-.7s,18.lll8t,exl., 78, 1801Coup.. 78, 1894Reg.,7», 1894iBt, Pa. Div.,cp.,7,',1917

9311347

ioo'i1-20

111

9511351

ib'i"

110 112•106 13

107^1901853 'i

il6>i'.113»4i.'119 Hi'.

90 14

97 'e

'II6H1116

126'4l27105

83Si's 83 Hi

125125100 Hi

117H!109 Hi109•103lOST,87132Hr241^26

120122 V1231201^24

103l'22Hi107941.

loo's'116108 r,

91%90 Hi

125 Hi'

123 Hi

103 '4'

105 I

90 Hi'

129

i22'

123103 H;

123 HjI

1021134

108102132102107=4 1101-2514 125^l\i

93106 '8'

117i

IO9I491 »4)

91 i

lllHii'10914100 Is 100 141

10014

131120122103 H>l'20Hll

' jll41221-20

108 1109'112

I

'108 I....II2H1II398 1009870

00

88117 ;117'a1-8125Hi 130136 111115'110'I2I34I

1221b 122^103 Hi 104113 Hi 115

113114 [116114123 127

Del. A H.—Coutmned—I'a. Div., reg., 7s, 1917.-Alb. * Sus(|.—lit, 7b...2d, 78,1885...:I8t,con8.,guar.7a,1906

Rene. A 8»r.—Ist, coup.1st, reg., 1921

Denv.A Rio Gr.—lata900I

l.«tconaol., 78, 1910....iDenv.So.P.APac— 1 st,7a.

pet.Mac. * Marq.-l8t,68J.and grant, 3 His, S. A .

.

E.'1'.V».» G.—lst,7s,190I

1st. cone., 5s, 1930Divisional 68, 1930

Eliz.C.A N.—S.f.,deb.o.68

I1st, 6s, 1920

Eliz. Lex. A BiKS.-68...Erie—Ist, extended. 78..-2d, extended, 58,1919..3d, 78, 18834th, extended, 5e, 1920.6th, 7e, 18881st cons., gold, 7a, 1920.l^t cons., fd. coup., 78..lleorg.. let lien, (ja,1908Long Dock b'ds. 7a, '93.

Knir;N.Y.AE.-lst,1916N . Y. L.E.A W.-New2rt 62d, consol., fd. cp., i

Buf.AS.W.—M. «a, 1908Ev. A T. H.—let. c(ai8.. 6«Fl't AP.M'rq.-M.6s,1920Cal. Har.A S.Ant.—Ist.Bs2d, 78,1905

Orn RayW.AS.P.—lst,6sGulf Col. A S.Fe-7a, 1909Han.ASt.Jos.— 8fl, conv..Consol. Gs, 1911

Hous.A T.C.—lst,M.L.,781st, West. Div., 78lat, Waco AN., 7s2tl consol., main line. 8s2rt, Waco A No..8s,1915General, 6s, 1921

HOUS.E.AW. Tex.—lst,78lll.Cent.-Sp.Div.—Cp. 68Middle Div,—Keg., 6s..C.St.L.AN.O.—Ten.1.,781st consol., 79, 1897..2d, 78, 1907Gold, 58, 19512d Div., 78, 1894

Ccd. F. A Minn.—Is". 78Ind. Bl. A W.—1st prf. 73

Ist, 4-5-6S, 19092d, 4-3-68. 1909r;a8t'n Div.—68, 1921...

I ndiunai). I ). ASpr.—l8t,7a•2d, 5s, 1911

Int.A Gt.No.-lst,6s,goldI Conpon, Gs, 1909iKent'kyCen.—M.,68,1911Lake Sliore A Mich. So.—Mich.S. A N.I.—S.fd„73Cleve. ATol.-Slnk.fd.New bonds, 78,1886..

Cleve. J". A Ash—78....Huff. A Erie—New bds.Kal. A W. Pigeon—1st.Det.M.AT.—lst,78.190GLake Shore—Div. bonds

I onsol,, coiip., 1st, 78-Consol., reg., Ist, 7a..Consol., coup., 2d, 78.Consol., reg., 2d, 7a...

Long iBl. It.—lst,78, 1898l.s{ consol., 58. 1931 ....

Louise. & N.—Cona.7s,'98,2d ,7s, gold, 1883 <

Cecillan Br'ch-7s, 1907N.O.AMob.-lst.Gsl930E. H. A N.—Ist,)i8,1919General, 68, 1930

Pensac'la Div.-Oe, 1920St. L. Dlv.-l at, 68,19212d, 3a, 1980

Nashv. A Dec—1st, 78.S.AN.Ala.-S.f.,69,1910Leban'n-Knojc—6a,1931Lonisv.C.A L.-Bs, 1931

L. Erie AW.—l»t,Ba,ini9iI Sandusky Div.—Bs.1919,Laf. Bl.,tM.-lst.0s.l919!jl.ouisv.X,.\lb.AC.--l.-'t.i;s'Manhat.n'clK'o.—7S.1909;

IN.Y.AM.B'h-lst,7.'i,'97

jMarietta ACin.— 1st, 7s-I

1st, sterlingMetr'p'lifn Kl.—lst,1908

I•2d, (58,1899

Mex. Cen.-lst, 7a, 1911.Mich. Cen.—Con..78.1902t'onsolidated Ss. 1902 .

.

Equiliin't bds., 88, 1883.Bs, ls(09Conpon, 5s, 1931RegUteled, 5s, 1931....Jack. La n.A Sag.— (',8.'91

Mil. A No.-l8t, 69, 1910.

'125108 I

lOfiU 106»8'126

'

13BH!'130107Hi!l088007

9010093 14

115 11872 72 Hi

92

93126

102 »j

107129

11512896Hi

107 Hi110129'e

97=4

98'

114107

85110 ....

107 I.....

'106 I----108 JIO8H110434 1 100109 Hli

121 Hi'

J.90

112112110103 1411411311485

'102

ibs'

887492 Hi

102--'8J

83I4I 85V.106 Hi 107

'106l8'l07106 ....

107 ....'112120100123122 '41'25l'23i41'20

12011797 14

115H!100IO5140097 Hi92

100

115

10010(11003j

97 Hi

91 Hi

92>a

117

10198100

125

"bs"

•74"125102

'99"

90

iad'Hi

ibi'99 's

Mil.L.M.AW.-lBt,(is,1921MInn.ASt.L.— lst.7s,1927Iowa Ext.—l8t, 78, 19092d. 78, 1891S'thw.Ext.-l8t,7s,1910Pac. Ext.—1st, 0.8. 1921.

Missouri Kan. A Tex.

—

Gen. con., 6a, 1920Cons. 78, 1904-3-6Cons. 2d, income, 1911.II. A Cent. Mo.-lst,'90

Mobile A Ohio.-New. Bs.Collat. Trust, 68, 1892..

Morgan's La.AT.—Ist, 69Nash.Cliat.ASt.L.-lst,782d, Bs,1901

N. Y. Central—6s, 1883..6s, 188768, real estate, 18836s, subscription, 1883..N.Y.C. AH.—lst,cp.,7s

Ist, reg.. 1903Huds. B.—7s, 2d,a.f.,'85Can. So.—lst,int.g'ar.38Harlem-1st, 7s, coup..

1st, 78, reg., 1900N. Y. Elev'd-lat,7a,1906N.Y.Pa.AO.-Pr.rn,(38,'95N.Y.C.AN.-Gen.,Bs,1910Trust Co., receipts

N.Y. A New Eng.—l3t, 7sIst, 6s, 1905

N.Y.C.ASt.L.-l8t.6s.l921Nevada Cent.—Ist, GsN. Pac—0. 1. g., Ist.cp.BsRegistered, Bs, 1921....

N.O. Pac—1st, 08, g.,1920Norf. A W.—G'l, Bs, 1931.Ohio A Miss.-Consol. 8. f.

Consolid-atcd 7a, 1898 ..

2d consolidated 7a, 1911l8t, Spi-ingiield Div., 7s

Ohio Central—lat,(>a,1920Ist Ter'l Tr., Gs, 19-20...lat Min'l Div., (ia, 1921.

OhioSo.—lat, Bs, 1921....Oreg'nACal.-l9t,6s,1921Panama—S.f.,sub.Ba,1910Peoria Dec.A Ev.—1st, BsEvana.Div., l8t,68,19^20

Pac. RRa.—Cen. P.—0.,B3San Joaquin BranchCal. A Orei^on- 1st, BsState Aid bds., 7a, '84

Land gr,ant bonds, Bs,West. Pac—Bonds, Ba

So. Pac. of Cal.—lat, 68.Union Pacific—Ist, Ba..Land grants. 7s, '87-9.

Sinking funds, 8s, '93.

Registered 88, 1893...Collateral Trnst. Bs. .

.

Kana. Pac— l8t,69,'951st, Bs, 1890Den. Div.,B8,as'd.'99lat consol.. Bs, 1919

C.Br.U.P.—F.c.,78.-95At.C.AP.—lst,Bs,1905At.J.Co. AW.—iBt, 69Greg. Short L.—lat.BsUt. So.-Gen.,7s ,1909Exten., Ist, 78, 1909

Mo. I'ac-lat, cons., Bs.Sd,7s,1906Paciflc of Mo.—1st, Bs

'2d, 7s, 1891St. L.A 8.F.—2d,fls.cl.A4-6s, class C, 19(K> ....

4-6s. class B.,1906----1st, Bs, PclrceC-AO..Equipment. 7s, 1895.

.

So. Pac. of Mo.—lat ..

Tex.A Pac— 1 at,B8,1905Con.Hol., Bs, 1905Income A Ld. gr., rec,lst,Rio(J,Div.,B8,1030

Pennsylvania RU.—Pa. Co'sgu ;r. 4i.2a,lst c.

Registered, 1921Pitt.C.ASt. L.—let, c.7s

lat, reg., 78, 19002d, 7a. 1013.

9818, 98^llSHl'III34I100110 HOI41011910114

84 84'4107 '8 10958

I50

'104103=i4'l00

100 .

115Hi.

ibi" ;

107 .

101 .

101 !.

l:i0i8,

129Hl,13110695!^ 95»4

1'28

!130114Hall4'4

131

5050

32

97 14 97 Hi' 10310219102%

102 Hi

•SBlOOU'lOOHl116 II6H11161-22 Hi11592

11692 Hi

90

80 Hi 82*88Hi

103302 Hi

96 »499

II314108 Hi .

10234:103

105 1105»8110103 19 103 Hi113i4|113Hi

iis'iilibo'118i4'119Hl

' 1106110 ....108 ..-.

107 107%100 14-..100 ...•92 93 Hi

039i) 100105100 ....101 101 »4

109 KHti-lOVlHI 1139B 07=493 0393

102Hl'103103

I

02 ....57=4! 57'484Hi 84»4

Pitts. Ft. W. A Ch.—Ist2d, 78, 19123d, 7s, 1912

Clev. A Pitta.-Cons. s.f.

,

4lh, sink, fd., Bs, 189'2.

Col.C.& I.e.—1st,consol.2d consol., 7a, 1909...lst.Tr'stCo.ctf8.,ass'd2d, Tr'at Co.ctf3..a89'dlet.Tr'tCo.ctfa. suppl.

St.L.V.AT.H.-l8t,g.,i82d, 7a, 18982d. guar., 78, 1898--.-

Pltts. BAB.—Ist.Os.lOllRome W. A Og.—(;on. Ist.

I

Uoch.A Pitt.-lat.69.192l]Rich. A Al.—1st. 7a. l!)-.'(l!

Rich.A Dauv.—Cons' .g.,Bs!

I35I4I36H1

Rich. A Dauv.—Cont'd—Debenture Ba, 19'27Atl.ACh.-lst,().,7e.,'97Incomes, 1900 .

—

SclotoVal.— Ist, cons., 78.St. L. A Iron Mt.—let, 782d, 7s, 1897Arkansas Br.—let, 7Cairo A Fnlton—IstCairo Ark. A T.—1st, 7sGen. r'vA 1. gr., 5s, 1931

St. L. Alton AT. H.-let.2d, i>ref., 7a, 18912d, income, 7s, 1894..--Bellev. AS. 111.—1st, 89

St.P.Mlnn.AMan.-l9t,7s2d, 6a. 1909Dakota Ext.—Gs, 1910..Mln'9 Un.—l8t.Bs.l9'23.

St. P. A Dul.-l8t.5s,193180. Car. Ry.-lst,G8,19'202d, 63, 1931

129 ISOHi1'28 I

111130 140

116

11179

72 Hi 74104 10577

I

77 Hi

93 94

Tex.Ccn.-l9t,8.f.,78,19001st mort., 78, 1911

Tol. Del. A Bar.—JIain.Oalat, Dayt. Div., 6s, 1910Ist, Ter'l tru9t, Ba, 1910

Va. Mid.—M.inc.,6s,19'27Wal). St.L. A P.-Genl,6aChic Div.—58, 1910 ....

Hav. Div.-6.a, 1910....Tol.P.AW.—Ist.7s.l917Iowa Div.—Bs, 1921....lud-polis Div.—Us, 1921Detroit Div.—Gs, 1921..Cairo Div.—59, 1931.-..Wabash-M., 7s, 1909..Tol. AW.—lst,ext„7s1st, St. L. Div.. 7s, '892d, ext.,7.a, 1893Equip, b'ds, 7.8, 1883..Consol. couv., 7e, 1907Gt, West.-1st, 7s, '88

•2d, 78,1893a AT,—1st, 79, 1890.Han.A Naples—l9t,7sIll.ASo.Ia.-lstEx.,BsSt.L.K.C.AN.—R.e.7sOm. Div.—1st. 7s ...

Clar'da Br.-69.1919St. Cli.18. Br.-Ist.Bs

No. Missouri-let, 78.West. Un. Tel.—1900, cp.lOOO.reg

N.W. Telegc^pli-7e,1904Mut. Un.I*.—S.F..6S.1911Spring V.1I.W.W.—1st, BsOregon BR. A N.—l9t. 6b

INCOME BONDS.

(Tntfrest payaltle if earneth)Ala. Cent.—Inc. Us, 1918.Alleg'y Cent.— Inc.. 1912.Atl. A Piic-Inc, 1910...Central of N. J.—1908....Col. C. A I. C—Inc. 78, '90

Reorga-n Tr'Kt Co. Cert.Cent. Ia.—Coup.debtctfs.Ch.St.P.AM.— L.g. luc.,6sChic A E. 111.— Inc., 1907DcbM.A ft. D.—lat.iucOaDet. Mac. A Marq.—Inc.

.

E.T.V.AGa.-Inc.,B9,1931El.C. A No.—2d. inc.,1970G. BayW.A st.P.—2d,incInd. Bl. AW.—Inc. 1919C01190I., IncBs, 1921..

Ind'B Dec.A Sprd—2d incTrust Co. certittcate9- -

Leh. A Wllkesb. Coal—'88Lake E. A W.— I nc.7s. '99snnd'kyDiv.-lnc.1920

Laf.Bl.AMun.— Inc.78.'99Mil. L. 8. A W.— IncomesMob. A O.—Ist prf. deben.2d pref. debentnrosjM pref. debentures•Tth pref. debenturea

—

N.Y.Lake E.AW.— Inc.6«N.Y.P.AO.—1st inc.ac..78Ohio Cent.—Income, 1920Min'l Div.— Inc. "8.1921

Ohio So.—2d inc. Bs. 1921Ogdena.AL.C.—Inc., 19'20Small

: PeoriaD.AEv.— I nc..l920I Evans. iJiv.—Inc., 1020Boch. A Pitt3.-luc.,1921Borne W. A Ok.—Inc., 7a.;so. Car.Ry.—Inc.GB. 1931St. Louia I. Mi. A So.—

l8t, 79,pref.,int. accum.2d. Bs, int. nccum'Iative

StKl.AKy.-Scr.U.,iuc.'94Plain incomes, t!a, 18*J6.

Bterliui Mi.lly.—IUC..-93St.L.A.AT.lI.-Dlv. bdaTol.Del.AB. -lne..Cs.l910

ilavton Div.—6a. 1910..

,Tex.StSt.L. -L.g.,iuc 19'20

60 >a 60'4

110105 Hi108'.108104%75113109 Hi

107 Hi

0506117

Loo"

10575 Hi114110100123108

08%'108Hl107% 107 H>•103 110

102•90104 Hi10356

50

•sdii

107

8285108103100

108 Hi99100

103108 14

90119118llBHl

•7551•Bl•»0

5543

102 Hj02

107107

05808-J

89

6097

1071*

10093119H>

117

73"

ios"

805-2

39»i ioii

'20

5060

8(1

41 4537 6042'-i80 Hi 813«83 H,48 481*34 374

34965733

27

70BO4644

59 59 Hj

•96"1-20

37*

'03Hi

Ve"

* i»o price Kriilav—these ai-o latest (luottttioua made Uiia week.

b2 THE CHRONICLE. [Vol XXXVr. ^

New York local Securities.

Bank Stock Ust.

COMrANIES.I

Markert thus (") are Par.not National. I

America*Aroer. Excliange . .

.

BoweryBroa*l\vayButtliers' & Drov'B'

1001001002525

Bid.

central|

100Chase 100ChathamChemicalCitlzeus'CityCommerceContinentalCom Exchange*...£aat RiverBleveiitli Ward'...FifthFUtli Avenue*FirstFouithFultonGallatinOcmiiin American*.<3erman Exch inge*<3crmania*Oreenwich*Hacovei-Imp. & Traders'IrvinprIsland City*icatliiT Slanuf'rs' .

.

Manhattan*MarineMarketMechanics'Mechanics'ife Trads'Mercantile ^ . -

Merchant)*'Merchants' Exch...Metroiolis*MctroiolltanMurray Hill-Nassau*New yorkN. Y. Nat. Exch...NinthNorth America*...North Itiver*Oriental*Pftcilie*ParkPeople's*PheuixProduce*RepuhlicSt. NicholnsSeventh Ward:8©condShoe<& Leatherfetate of New York*ThirdTrmleamen'sUnionUnited StatesWall streetWest Side*

25100261001001001002525

1(X)100100100306076100100251001005050100501001002526TOO606010010010010010010010070302560100252050100100100100100100100405010060100

160

Insnrancc Stock List.

[Prices by B. S. Bailey, 7 Pine St.]

COMPANIES.

136

125 150

1352oi

95115

153

AmericanAnier. Exchange ..

BoweryBroadwayBrooklynCitizens'CityClintonCommercialContinentalEagleEmpire CityExchangeFarragn'tFiremen'sFiremen's Trust...FranlilinA Emp..German-AmericanOerraaniaGlobeGreenwichGuardianHamiltonHanoverHoffmanHomeHowardIniporters'ift Trad's'IrvingJelTersonKings C'nty (Bkn.)KuickerLockerLamarLong Isl'd (B'klyn)Lorillard

I

Bid.

601002525172070100601004010030601710100100606025100155050

10050501003020401006025

Ask.

160

145y155

126"

95

100

115157

160

102=4 .

150

Mauufac. & Build.. 100Manhattan 100Mech. & Traders' ..I 25Mechanics' (Bklyn) 50Mercantile 50Merchants' 60Moutauk (Bklyu.).. 60Nassau (Bklyu.) ... 50National 37'-.!

N. Y. Equitable 35N. Y'. Fire 100N. Y. A Boston .... 100New York City 100Niagara 50North River 25Pacific 25Park 100Peter Cooper ' 20- 50

6050100255010010025

People'sPhenixReliefRenulilicRutgers'StandardStarSterlingHtii,vve>antTr ide-iiieu'sriiited statesWestchesterWilliamsburg City

14810517016016014011512095

23021070901178090115180140110250BO

11513080140807570

12518072 >a

70103631074012013063100105140100146805CO165103160no1601171456575120100706011680125120I22O

Quotations in Boston, PiiiladelpliiB and Baltimore^

SECURITIES.

1551101901751901502013010024022080100Viz,901001201901471202806312014085146858080130210807611060113001301407511011015010616000106518010817012017512015067851401107560

12.1

85135126260

BOSTON.Atch. & Topeka—Ist, 7sLand grant, 7s

Atlantic & Pacific—6s ..

IncomeBoston «fc Maine—7sBoston & Albany—78 ...

Bo.ston & Lowell—7s6s -

Boston & Providence— i s

Burl. & Mo.—Ld. gr., 7sNebraska, 63 Ex.Nebraska, 6sNebraska, 43

ChicBurl.* CJ.—D.Ex....Conn. & Passumpsic—7s.Connotton VaUey—68

CaiiioruiaSouthei-u-6s..Easl'rn, Mass.—4 "^s, newFort Scott & Gnlf—78Hartford & Eric-78K. City Lawr. & So,—58-.K. CitySt.Jo.&C. B.—78Lllllc R. & Ft. S.—73, 1st

M ass. Central—6sMexican Contrill—78 ...

N. Y'. cfc N. England—687s.

SECURITIES.

92^ 92 »4

18341

Gas and City llailroad Stocks and Bonds.[Gas Qnofatioos by Prentiss <fc staples, Brokers, 11 Wall Street.]

OAS COMPANIES. Par. lAmouut. Period

Brooklvn Gas-LightCitizens' GasL. (Bklyn.)Bonds

HarlemJersey City <k Uoboken..ManhattanMetronolitanBonus

Mutual (N. Y.)Bonds

Nassau (Bklyn.)fscrip

T?ew Yorki t^^jjile's (Bklyn.)

.fJondsBonds ^

Central of New YorkWilliamsburgBoi»ls

Metropolitan (Bklyn.) ...

MunicipalBinds ;.

IFultou Municipal

Date.*

I $ I

25 2.0(10.000' Yar's•20 1,2110,(1110 Var's

1,000 :n.-i.i)iMl .\.&0.50 l.S.-,o,(l()0 F. & A20 1 Tr.d.lKKl .J. A, J,,">(> 4,1)1)11. 11(11) .T. & J.

100 2,.-)00,00() M.* S.500 I 730,000 F. it A.100 '3,500,000 Quar

1,000 1,500,000(m.*N.25 ,1,000,000; Var's

Var's I 700,000iM.&IS",100 4,ooo,0(M);m.&n.10 !l,000,000U, &. s

375,000 M.*N125,000 Var's4«6,1)OOIf. A A.

l.OOD.Oool Quar,1. ()()().Odd A.&O.l.OOO.ODO M.&N.3.0(M).()001750,000 M.&N

1,.600,000

'82'83'82'g2'82'82

1,000I

Var's60 I

501,000100

I

100I

p.c'5 iNov.,3 Jau.,3>2 Oct.,3 lAug.,7'ii.lulv,6 I Dec,6 'Aug.,3

I

21-2 Jan.. '836 I 19823 ISept., '81

313 Nov.,5 iNov.,3 "a .Ian.,3i<i Nov.,3 lOct,,S lAug.,l>aFeb.,3 (Oct.,3 (Jan.,7 Nov.,

100 I

1888

Bid.

1077010592155215183105107102509011245103

ST

5010078165106HO

Ask.

1125

11093160220

110109 ij

1046595114501«59285551028017011070

[Quotations by U. L. Grant, Broker, 145 Broadway.]

Broker St.&FuU.F.—Stk 100 I 900,000Istmort 1,000! 694.000

Brdw»y<t7thAT.—Sfk. 100 2,10(),0()()Istiuort 1,000 1,500,000

Brooklyn City—Stock.... 10 2,000,000lat utort " "

Br'dway iBkln.)—Stock.Bklyn. ('rosstown—St«ckIsl mort. Ijonds

BushwkAv. (likln)-S.'kCen'.Pk.N.& E.Uiv.-stkConsol. mort . bonds

•ChrlBi'ph'r&lOthSt—StkBonds

DryDk.E.B.ift Bat'y—Stk1st mort., consol 500*c.

Eighth Av.—StockI

100

1,000100100

1,000100100

1 St mort42d<fe ornd Sl.F'ry-Slk

Ist mortCentral Crosstown-Stk.

Ist mortHouBt.W.St.&P.F'y-StkIstmort

Second Av.—Slock.3d menConsol. convExtension

Sixth Av.—StockIst mort

Third At.—StockiBt mort

Twonty-third St.—Stock.lat morl

300,000200,000400,000300.000500,000

1,800,0001,000 1,200,000100

I 650,0001,000 i 250.000100 ,1.2(K),000

900,0001,000,000

: 03,000748,000236,000

r. & ,T.

J. & J.Q.-J.). &V>.Q.-F.M.iN.

§:=J:

1,000100

1,000100

1,(H)0100500100

1,0001,000600AO,

1001,000

101)

1,000100

1,000

600,000200,0002.iO,000600,000

1,199,500150,000

1.050,000200,000750,000SOO.OOO

'2,000,0002,000.000

Q.-J.J. & J.Q.-J.J. &D.F. &A..r. & J.Q.-F.I. & D. .

Q.-J. 3J. & J.! 7M.<tN. 6S-.&O., 7

=4 Jan., '83 247 jJuly,1900 1072 Jan7 Juu(?,3'.jNov7

Jan.,Jan.,

83 145'84 102'82 208.... 102'83 190'83 190

1888 !105Jan., 'S3 150Jan., '83 145Dec, 1902 115Aug., '82; 108

1898 |10(i

Nov., '82 250

M.&N.: 7

J. * J. 7J. & J. 5A.&O.I 7M.&N.! 7M.& 8.1 7M.&N.I 5J. & J.Q.-F.J. * J

600,000 1'. ifc A.25(),000iM.,(iN.

June,Jan.,June,Nov.,April,

'93 115'«3l2.iO84•82'93

July,Jan.,April,Nov.,Sept.,Nov.,July,Nov.,July,Aug.,>r»y.

1002()0110

.... 78901 103....I 80'94(108'83 180'831103•88 lOtj

ISO•240

110270110154

2711214710313

11005

200112

147"

117112112•205

117"s

no'

11582 "2

108

112183

108

2.i0115

11131101

'931113'.^ 116

N. Mexico & So. PaC.Ogdensb.& L.Ch.—Con.bsIncome

Old Colony—7s(is --

Pueblo & Ark. Val.—

.

Rutland—68, IstSonori*—7sT, Ciuu. & St. L—l8t.

IncomeDayton Division—Main line

STOCKS.Atchison & Topeka .

.

Boston* AlbanyBoston Clinton & Fitchb.Boston & LowellBoston & MaineBoston & ProvidenceCheshire, preferredChic* West Michigan..Cinn. .Sandusky & Cleve.ConcordConnecticut KlverConn. & PassumpsicConnotton ValleyKaslcm, MassEastern, New Hampsh..FitchhurgFlint & Pero Marquette.Preferred

F(ut Scott & OulJ—PrefCommon

Iowa Falls & Sloux City.Little Itock & Ft, Smith..Maine CentralManchester & Lawrence.Maiq.Hcmghl'uJ; OutouPreferred

Nashua A LowellN. Y'. A New Kngland ...

Northern of N. Hampsh.Norwich* Worcester...Ogdensb. <fc L. ChamplalnOld ColonyPortland Saco& Porlsm.I'uUman Palace Car.But 1md—PreferredRevere Beach & Lynn ...

Tol. cinu. & St. LouisVerm't A MassachusettsWorces er & Nashua

—

Wisconsin CentralPreferred

PHILADELPHIA.RAILROAD STOCKS, t

Allegheny ValleyBuffalo Plttsb. <fe West'nPreferred

Cantden & Atlantic

—

PrefeiTedCaiawissa1st preferred2d preferred

Delaware* Bound BrookE ist PeuusylvauiaElmira & Willlamspor t

PreferredHar. P. Mt. Joy & Lane rHuntiHgd'n * liroad TopPreferied

Lehigh ValleyPrefened

Liole S.hKvlkillJlineliill it .^ch. Haven,Nesii((eI)oniii.g ValleyNorfolk * WesL'n—Com.Preferred

Northern CentralNorth PennsylvaniaPeniisvlvaniaPl]ila(i(>liiliia * EriePliila. c;er. & NorristownPhila. Newtown * N.Y..Phila. * UciulingPhila. * Tr(>ntonPhila. Wilin. * BaitPittsb.Ciu.* St. L.-C'om.St. I'aul * Dnlitth-Com.Preferred

ITnited N. J. Companies.

.

West Chestia-—Cons. pref.West JersevWest Jersev & Atlantic.

CANAL" STOCKS.Lehigh NavigationPenus.vlvaniaSehuylkiU Navigation ...

PreferredRAILROAD BONDS.

AUegh. Val—7 3-lOs, '907s, K. ext., 1910Inc. 7ft. end., coup., '94

Belvid'e Del.— 181,68,190:2d, Os, 18833(1. (is, 1887

103

"83"

32'3163

109llli-j

104341131-2

•iiVi7410434llo-Js

82=8

109 Hj

Bid.I

Ask.

114106'.2674 la

1131.2

113=4

10434l04'84011>«B

801743j

IOII2150161

24102

861,17566

1021.2160 13

902

3989

1181323

isio'

m'4089

"is'hi

i'56"

49 't

109160

63

90119

89

79121

18

2264621.2

1'23

112

5I8

151^

51

4050

* Thk oolumn sheira last dividend on «t«to, but date of «i»torlty of hands.

64 Lj

,59-,

191-

Cam. * Aiubov—Gs, c.,'83

68, coup., 1889Mort., 6s, 1889

Cam. * Atl.— l8l,78,g.,'93

2d, OS, 1904Cons., 6 p. c

Cam. & Burl. Co.-68,'97.Catawissa—1 st, 7s, con. c.

Chat. M., lOs, 18.88

New 7s, reg. * coupCharfrs V.-lst, 7s. 1901Coimcef.(; 6s, cp., 1900-040elawaie-6s,rg.&c,p ,V.

Del & Bound Br -Ist, 7sEast Penn.—1st, 7s, 1888EastouAAmb'y—68, 19-20

El &Wm8pt-l8t,6s, 19105s, perpetual

Harri9bg-l8t,68, 1883H *B.T —lat, 7s, g„ 1890Cons. 5s, 1895

Ithaca*Ath.— lat, gld ,78Jnnction-l.st, 6s, 1882...2d, 08,1900

LehidhV—lst,68,roB.,-981st, 6s, coup., 18982(1, 78, reg., 1910Cons. 6s, reg., 1923Cons. 6s, cp., 1923

N. O. Pac.-l8t, 68, 19'20.

No. Penn.—lst,6s, cp.,'85

2d, 7s, cp 1896Gen., 7s, res., 1903..Gen., 7s, ep., 1903...Uelieuture Os, reg...

Norfolk ,t West.—Oen..6sOil Creek— 1st, Os, coup..Pennsylv —Gen., 6a, reg.Gen,6a, cp., 1910Cons , 68, leg., 1905Cons., Os, coup., 1905...Cons., 68, reg., 1919

Pa. & N. Y. C—7s, 1896.7,1906

Pcrkiomen— 1 St, 6s,cp.'87Phil *Eiie-2d.73,cp.,'88Cons., 68, 1920...Con.s., 5s, 1920...

Phila. Newt. & N.Y.—IstPhil.* B.— Ist, 69, 1910.-

•2d, 7s, coup., '.893..-.

Cons., 78, reg., i911 ..

Cons., 7s, coup., 1911Cons., 68, g., 1.R.C.1911Imp., 6s, g., coup., 1897tlen., (5s, g., coup., 1908Income, 7s, cinip., 1896Debenture coup., i893tDell. coup, off, 1893Scrip, 1882Conv, 7s, R. C.,1893..tConv. 7s, coup, oil', 1893

Phil. Wil,* Ball.—4s,tr.ctPlits.cin.* st.L.—7s, reg79, coup., 1900

Pitts. Titus. & B.—7s,cp.Rich.* Dan.—Cons.inl.flsShamokinV.* Potts.—7s:>unburv & Erie—Isl,Sunb. liar.. & W.— Ist, 5s2d,6s,1938

SjT.Gen.* Com.—l8t, 7bTexas & Paeittc-let,68,g.RioGr. Div.-1930Cons, 6s, gold. 1 905Inc. & L. Or., 7.9, 1915

Union & Titusv.—lat, 73ITnited N. J.—Cous.6s,'94WaiTcu A F.—1st, 78, 96West Chester—cons. 78..

West Jersey—6s, dob. cp,

1st, 6s, coup., 1896lsf,7s, 1899Cons. Os, 1909

W.Jersiv*Atl.—lBt,68,CVVestern Penn.—63, coup68, 1'. B., 1896Gen., 78, coup., 1901...CANAL BOND:i.

Ches. * Del.-lst,6s,1886Lehigh Nav.-69,reg. -84.

Mort. BR., reg., 1897 ..

Cons., 78, reg., 1911 ....

Crecuw'd Tr., 7s, reg...

MoiTis—Boat Loan rg.,'8o

Pennsvlv.—6.9, cp., 1910.-Schuvlk. Nav.-lst,68,rg,2d, 68, reg., 1907

101 %105112

116"

i'ii"

m"123'"

119

i25'

ii5"

ioo"

125

loo"

89

126"

1201331a119

90

ii's'ii

II914124

;;;:::

.. 103

102 ii.124121

.125

.... 117>3

101112 14

123127103

103

118=8

llOHi

62

120

921*94 >a

102731a

93120

94

87 la

23

10584 14

93

631.J

27 »,

3996

,106

98187=

28

12011848

i'o-i"

104

391a

501211a

112117

121

108107

93>*

8595

119

841a101=4II5I41131.2

BALTIMORE.

RAfLR'D STOCKS. ParBaltimore & Ohio 100 200Ist pref2d pref

90

213

Wtish. Brstnch 100Parker.sbitrg Br 50

Norl lieru Central 50Westell) Marvlaud 50Central Ohio—Com 50Pittslinig*Conuell8villeRAILUGAU BONDS.Atlanta * Charl.—IstInc

Balt.*Ohio—6s,'85,A,&0Colnmbia* Greenv.—Isls2ds .:

N.W .Va.—3d, guar.,J*J.Pittsb.*Con ells.-7sJ*JNo.Central—6s, '85, J,*J.

68, I'.IOO, A. & O6,9,gold,1900, J.*J.--.

Cell. Ohio.-69, lst,M.*S.W.Md.—6s, l8l, g., J.& J.

Ist, 1890, J,* J2d, guar., J. * J2d, pref2d, guar. bvW.Co.,J.&J.lis. 3d. guar., J. & J

Mnr.*Cin.-7s, 'O^F.&A.2d M&N8s, 3d, J.* J

Rielim. A DauT.—Gold, 6sUnion RR.—!st,gua.J&JCanton endorsed

Virginia A Teun.— 6988

Wil. * Weldon—0(dd,78.Wilm. C. A Aug.—68

I2I1.J

8i4

543i1550

98

118IO2I4

108

55 14165'2

10*

10074

104

llSHi110

129V1309953 14

117100 14

120119lO-i*

991*531*

121

' Ei-diTidend. t For sliar*. t In default.

Januahy 13. 18 3 i THE CHRONICLE 53

RAII.KOAI) KAUMNUS.

Itoadt.

Oent.Br.Un.Pnp.Clilo.AOr.TriiiikOhio. Mil ASI.P.Clilc. * Ni)rlliw(;ii..Si.l'.JIiii.,Vi()

Doiiv. A Hid (Ir

IIunnlluttJcHtJnlull. llloiiin.it W.IiitibUt. Nonli.Lontf IhIhiiiI

Loiilsv.ANimlivMll.L.8li..UW<!»lMo. Kiiii. A'JVx.Hl88t>ui'l I'aclllc.

Metr<)i>ol. KIbv.H.Y. Klevntcd..Morlliiln raellli'Ohio I'.'iilriil

Ohio Socilhorii..Bt.L.h-oii.Mt.AS.8t.I..A.«nii I'niii.

Bt. I'aul Ji Dul.lBt. P. Minn. ,ic M.IBcloto Viillrv.. I

Texas & Patillu

LutuI SamingD Reimrled.

Veclioriti)

t Rt wic JanWk. Jim. UIhI \Tk J»uiHt wU JllII

l.st wk .InnInt wk .Tunl8t wk Jiui1st wk JanIxt wk JiuiUl wk Jan1 Kt- wk Jan1st wk JaniNl wk Janl9t wk Jau10 <lys Jau10 ilys JanI.St wk Janliit wk JanI.St wk Janlat wk Jan1st wk .Fanl.st wk JauUt wk JauiHt wk Janlet wk Jau

W«b.8t.L.4Poc.llet wk Jau

1883.

*21.82S4.l..^H:

34:j,(i(io

!)1». 1(1(1

T.I.HOdHit.dOda.'i.(i>jli

."iS,:;

<>; .V

a.;, -J,,

24l,!)l()12.891

111.73514(),i>0070,01()

ICi.liSO118.20020,08 •.;

!),28o141,818.5,5,300

18,384120,000

8,291118.2951281,893

1882.

S11.924•-'4.7(!4

.!2(l.l)'i.^

:il(i.4oo72.700

I2l.:500::)..-)00

:.9;:il(

.;,-,':;4

201,ti4013.91(1)0.78 J

ia7.ooo72,0148t,S4955,40624.3956.5 in

112.31254,77015,13777.0767,456

72,981291..5e(i

Jan. 1 lo Lutt$t Date.

1883.

21,82844.,%H7

.143,000313.10075.80(R9.()0(i

3,"),n00

58,38466.03130,232

211,94012.891

114,735140.90070.0 Hi

lOS.e.'SO118.20020.0829,2S0

141.81865.30018,384

120,0008,291

118,-.?9.5

284.893

1882.

11,92424.701

320,05.5340.4<IO72,700

121.30O29,5(1039,0.5952,69933.234

201,t;4013,91090,784127,90072.01484,54955,40024,3956,516

112,31251,770IS,!.!?77,0767,456

72.98

1

291.50(1

New York City nankN.—The tollowlng Rtat<5m«iit Rhown th

»

condition of the Aiuiouiat«d Bankii of New York City for ttwweek endinir at the commenoement of bniiineiM on Jan. 6:

Soadt.

Ala.Gt.8ontliprnAtch.Toii.4S.KeBuff. Pittsb.AWBur.C>(l,R,*NoCalro&St. ^olli^

Od.Rap.&Mo.HCentral of (ja ..

Central PacitleCUarl.Col.AAu','.Clieeap. & Olilr)

ChlcHKO ite AltonClilc. I!nr. & Q..Chic. & East. Ill,

Chio. & W.Mlcii.Clu.Iiiil.St.I,.AfCincinnati SouthOlev.Akron* ColColunil).&Giet-n,Col. Hock. V.&T.Connottoii Val..Danhurv & NorUeuv.i K.Ur.W.DCS M. A Ft. 1).

Uet. L,in. A No..Dull. A Sioux CEasternE.Tciin.Va.&GaEliz. I^x. A I!,8Evansv. A T. JI,

Flint AP, Mani,Ft.W. A Denver.Grand Trunk.,..Gi'.BavW.ASt.l'.GulfColASan.FeHoU8.K,A\V.Te.\Hous.A Tox.ConlUluoisCcu.dll.l

Do (Iowa)Iowa Central ...

ICC.Ft.S.AGiill

Latest Earnings Reported.

Werkorilo

L. Eric & West'n

N^ovombor.Noveniher.November.December3d wk Decfictober, ..

November.Deci nibcr.3 wkd Deo•i wkg Dec.nth wk Deo•Vovcniber.1th wk Dec

1 wk DecDecember..>'oven*ber.4th wk Dec3 wks DecIfh wk DecNovember.November.Xovember.3d wk Dec!3il wk Dec4th wk Dec I

December.December.November.4th wk Dec4th wk Dec4th wk DeoDec. ;s0 ...

4th wk DeeDecember.November.NovendjerDecemberDecemberilJcccmber.3d wk Deo

1882.

L. R. AFt.Smith December.L..Kk.M.Riv.AT December.Louis.N.A.ACh, November.Mar.lIongh.A O .Vovember.Mexican Ceut.. 3d wk Dec

Do So.Div 2a wk DecMexican Nat'l.. November.Minu.A St. Lonis December.Mobile A Ohio.. December.Ntt8liv.Ch.ASt. I. November.N. Y.AN. Kngl'd 2d wk DecK.Y.UE.&West. October...Norfolk A West. December

.

Northern Cent.. November.Ohio A Miss November.Oregon 1 mp. Co . (letober . .

.

OrcKoH K.AN.Co December.Orejion A Cal... November.PeuuHvlvania .. November.Peoria Dco.AEv. 3d wk Dec.PhiludeliP.A Erie November.Phlla.A lieadine November.Do Coal A Ir.'Novembcr.

Rlchm.A Dauv..|3 wks Dec.St.Johnsli.AL.C. October

4th wk Dec

8t. L.Alt.AT.H.Do (breha.)

Bonth Carolina.*8o. P.ic. Cal

4th wk Dee4thwkDecNovember.jSeptemli'r.

So. Pac. of Aiiz.'Sei,temb'r.Do of N.Mcv Septemb'r.

Tol. Cln. A St. L,. 4tfi wk DeeUnion Pacitle.. .IDecember.Utah Central .. . Novcmbc.-.Vlcksb'rKA Mer. November.Va. Midland 3 wks Dec.West Jersey— NovemberWisconsin Cent.lDeccmber.

98.0971.331.470

86.817246,002

9,4183 1 2. 52.-.

411,50(1I,9(;8.00ll

til,457If7.e77].o9,p80

2,199.42127.01

1

2(1.223lS9.95(i242.93212,517fJ3.17258,07320,90,^18,09736,1687,751

2S.26817.705

249..391338.GS61,18812.49465,4945,632

382.63910..547

241.44725,405

410,000543,09153,959102,22936,07841,73;80.07045.700

122,00090,8914,051

20,02977,209

147.7til307,643181,336(:c,400

1,819.010217,328526.685343,'793435,668275,900112,000

4,373,82511,910

369.583

1881.

:.25(;.749

78,2571.30.3,385

60.7.59232.81210.964

356,642419,551

2,225,179132,711133.736134.656

1,816.13334.83025,066195,80922.5.93712,174(42,311

17,604

7,55026,23124.623

248,308302,957

Jati. 1 lo Latest Dale.

1882.

761,94513,296.823

827,8972,800,679372,717

25,713,150

13,51555,894

3,269,2978,211,98319.523.7411,773,0221,422.6422,645,5292,334,542505,967

1681.

702,47511.12.5.7.56

620.1252.259.036419.137

24,094.099

2,867,28

340,0421 ,5,50,4701.141,4013,413,810

482,229

2,156",9

296.98412.294

140,06818.487

343,857583,085180,390120,12234,21530,59862,93233,40488,00066,051

1,628,914,240,790

6,9'i'4,8671.916.4141,1()5,1781,694,4001,477,027

2.630.9387.557,74

1

19.270.9651.C40.4511.253.7102,415,372

4 23]699

393,1271.330,1951.110,0393,187,415

1,875,146

126,594258,812152,05953,807

1,814,866205,699187,160266,423

378,735

3,840,21514.05184.078

2,015,589,657,79211.482,790tl8H,30O 1179,30026,44434,11021.720

151.681;317.562;. 30.090:68.81025.180

2,294,000136,20459,598(46.09268,856

105.163

21,22232.34526.89134,309

24,6522,267,000148.67258,745

( 48,407

91.697

1,174,426

99i',:96

2,179,6621,746,6953,277,529

1,060,187143,886

6.733,9551.852,4421,001.3661.500.0871,376,572

N«w YorkManhHtrun Co.

.

MerchantsMoohunlos'DnionAmericaPhmnlxCityTradeHman'f....KultonCIibiiiIohIMerchants' Kxch.Uullatin Nittlou'lButehcrsV'fc Drov.Mechanics' & Tr.QreenwtchLeather Man'f 'r^

Seventh Ward , .

.

Stateof N.York.American Uxcb .

CommerceBroadwayMercuntllePacitleKcpublioCbtttliaraPeople'sNorth Amerlon.

.

HanoverIrvInK.VletropwJitanCItlxens'NassauMarketSt. NicholasShoe& Leather..Corn KxchanKe..ContinentalOrientalMurineImporters* A 'Tr..ParkWall St. Nation'lNorth HIver.Bast Kivor . .

.

Fourth National.CentralNatSecond Nation'lNinth National..First National..Third National .

.

.*. V. Nat. Kxch..Bowery National.y. York County(lerm'n Amerlc'nChase National..Fifth Avenae...

.

German Rxch. ..

GermaniaU.S.NatLincoln Nat

Avvraoe amoiwf of—

Total..

OavitaX.

2.0(H).(K)0

Si.(XKI.(»0

2,i)(KI,(;0a

IJ«XI.O(IO3.1100.000I.OOO.dOOl.OOO.OOO1,000.000COO,0(jU800.000

1.000.0001.000.000800.000200,00Csoo.ooc,ooo.oooSiiO.OOeSOC.OOd

»,000.00(,5.UOO.O(KIl.OOO.OOfl.0OO.()O,j

422.7001,600,000400.000200.000700.000

1,000.000500.0»J

3,000.000(100.0110

ISOO.OOOBOO.OMBOO.OOt,600.000

1.000,OOCl.OOO.OOO80O.00C400.00<.

1,500.00112.000.000500.000240.000850.800

.l.liOO.fJOO

2,000.000300.0IIC; 50.000500.000

l.OOO.O.OC

soa.ooo250.000200.00075-1.0003.p0."00100.0 )l)

20O.00C200.000500.000800.000

Loans anAdiscovmts.

vH 81».00<jK 102.0007.12I.O0O7,104,0004,4G7.A00H.55S.4002,676.0007,11(2 100•i.nH-t-nyol,5ii'1.300

13.612,0003.:i.-)1.200

4.2(i;i.40O

1.682.400bOS.OOO1187,800

2,01)0.7001,10\»00S.H8S.200

IS4V7.00();b.3:-2 400s.ijis.soo5.«CO,40Os;.201.2006,70.-,400S.5U8.2001,8110,2002.85 J.T.OO

8,()7.).5T0

3 IW.OJOIV.BUOIKJO2,3-3 30O2,lHa.4 pO

2.8.-i4,ft30

2,1M» 8)03.2(18,0004,3Sl,(i005,«7ij,a00l.».S3,600

3,243,000

Spscts.

%1.188,0001,476,0001.060,1100

S9I,80(iK27,«0aC0»,000

2,7h:(.»0()

1167 600SiU.HdO

3,»1S.400870,7005II,(VX)i95 DUO206 00010,403

«0i.80C2»7 3i)0.SS.l.fl)0

i.fOl.lKV)8.7H1 4'tii

1,042.7.x«82.()0u3;«).«0(i

470,50(1SOS.30021H70fi2J5.00I'

4«2,«0<i2.4.5').0l)

.'i3:.4'*

la 1.400407.2.h24e,!l.)0

8.i74ll(1,542H00

7.J.810

738.00(20,004 400l 6 053.«(iO

(!0.9«2,700

181 3)0i;5;l,a:)0

1,431.0001,049,700

1H.072, 007,63»,0002,1)»2.0005,837.80013,112 000B,0-i(),7aOl,37H,llfO

I,-81)0,000

1,622,7002,051.5004,021,1001l,-0fl,800i1,1547.1001.H12.4004.303,9001,349,600

4,349.000252. 30('

19,000108.700

S.iSO 3jc4(l8.00('

506,0, l(

1.141,8013,'..b2 »y719.4 IC

177. 1 DO26.SS0fi

27.70JS3161I,

1,098 2 l(,

3729.>60,00077.8*

1,079,900192,400

317,419,200160,152,800

*9M.0»«3>^.('a^

674.9WI531,000858.S0O476,60081,000

S51.C0078.80C83. WOO60^800279.100lr9,40fl1.H8.80082.000leoeoo8'j«,800«B,800

i.'M.eoo404.0001I,S2,ll00

2.-)').llOf,

t)5ti,'20O

2' O.aoo1 57.50030C,6aO116.800188.000Tr8.00n317.800ti:jl.O00

229,3)0191,8.10126.700a5.S0O

i 20.000'.JOT.OOO

210,5.10391.2)0248.00042^.6008i 18.700101,1 00224.0 10

)5'J.9oOS-il.OOO

1.294,000asi.ooo497.6003Sl,9)ii807,9)01193002162X1511.2,X81.400

£51.900l(iO.'.iOC

2H0.0O(?avi.aod184.400153.300

20.204,700

Utt ihp'lsottur

than U. 8.

*8.134.0007.IM3.000«.l4!i.'tiX)

6.418,0008.688.0008.0I9.I002.868.0007.8X8.0001,71^4.80011.207.90()

13 1127.101)

3,0i2 400«.4i«.!0l'

1,541.8011

939.'!0C1^80.e0(i

8,8*0 4')0

I.i«3 2JS3.0«i! S0(loecs fiOO

11.^51. lOi

4.l04.3lX>5.855.8002.4>i0.la(

8 023.7008 871 ?i>

1.7(1? 511

. 8.8(9 8)(8,Hio,-;o<

2.9-U.80.10.'200.00(,

2 7.J8.80 I

2.77'J.li)0

2.271.9i).2.O«0.S;){,

8,314.00(8.1(6 1.80(,

8.4i8.60(l,H47.5i]03.841.OO0'

21..379,8,;ij

20.<fi0.0n(

1,436,1.40ii.000

919.1'K,16.179 5007,741.0008 5 0005,7.")6,S.->0

I5.870.00fl

B.337100!.n7i>.7.10

1.829.8.102.i'31.4;)0

2 315.4005,137,10(11,914 3 CI,<*8",91954,304,6t9,oij()

1,44 ).5K

l&«,noo^

1.100a«7,iuo

784.00}

2W1.70O77Sft)0238,803l«.0O72.800

KHHOO2l,8M

eooioo897,510713000

1.1 21.5 Jo4A.uno6.40O

!iil0'nt»

44 .84>2,lt-8' OO1:66 SW443.(>lJ6

302.881.100

41l,0JU4..lin

8(18 800

'TO.OOnI 3(2.9

45,'iOu

3S0,5»;4aoio297.0009n.ona560 900,(38,400

870.0<)0225,000180.000

45.000

irooco4jU00

17537,600

The deTiationg Irom returns of previous week are as follow- i

Loans and discounts Inc. 16,34'', 00|Net deposits Ino .111,917.000

Specie Inc. 2.5^5.700 i Circulation , De.-. S7,1M0Leifal tenders Inc. I,54il,o00 I

The following are the totals for two weeks

:

Circulatim. A'n. i?'*nrft

17,625.500 639.813.087

..317.419,200 60.132.800 20,201.700 302.881.100 17,537.800 766.505.437

Boston Banks.—Following are the totals of the BoHion baakHt

1882.Dec, 3^

1883.Jan. 6,

Loans.t

,.311,0;l.200

Specie. L. Tewiers. Depotits.» « «

5-.6i7,10O 18,804,200 291,863,800

884,519

1883.J.in. 2." 8.

Loans.t

147,583,1(0148,«42,90U

L. Tenders.t

5,2-i3,5006,799,900

Specie,

5.961,9008,214,700

' due to Other t>anks."

Deposits.* Oirculatxon. A'jo. C leaf» « '

92.71)2.800 30.104,030 57.7M5.2B89^,854,500 80,;85,600 8J.17f,207

2.422,3085,310,173

2,86l'.9d84,955,500

44,922.657746,383

3,675.901

2,403,2201,902,1312,689,910

2,267,2884,967,077

4,408,680

40,392,427670,135

3,171.53720,039,2-27 '18.925.2 12U,029.-.'5(!il2.710,153

3.38.5,'204178,616

1,424,803758,024

1,119,224

3,523,772216..548

1.371.532873.788

1.164.7362,943,0062,145,380: 557,588942,433 700,940

30,083, 1 88129,776,8951,391,415;417,529

1,353,069 1,262,6381,036,848[

( Freight earuluifsuul>'.Incliiilcil in Central PaclBc earnings abOT*.Soutbern;DlvUion.

Coins.—The following are quotations in gold for various coins

\

Boverelgns $4 83 a$4 87'

Napoleons 3 S3 « 3 87X X Reichmarks. 4 73 ® 4 77X Guilders 3 96 .9 4 00Bpan'h Doubloons. 15 53 »15 75Mex. Doubloons. .15 50 915 65Fine silver bars ..

Fine sold barsDimes & ij dimes.

1 08"8a 1 09>spars >4 prem.99^8* i>ar

Silver Hs and His. — 99H4a par.Five francs — 92 » — 95Mexican dollars.. — 85 9 — 85%Do uucommerc'l. — 84 •» — 85English silver 4 75 « 4 83Priis. allv. thalers. — 68 » — 70»«U. 8. trade doUars — 99 >«» — 96(^8U. S. allverdollant — 99 4i » par

* IncludinK the item '

Philadelphia Banks.—The totals of the Philadelphia banksare as follows:

Loan*. L. Tenders. Deposits. Circulation. Aiq. ClS'*r

1883. % * * t »

Jan. 1 71,986,731 18,011,.573 81,349,429 9,793.1.31 41.?0".411

S 7ii.353,'2i)5 19,879,464 61,12-2,2)5 9,797.680 50,m 3,«0'

Unlisted Securities.—Following are quoted at 38 New Street:

Atl, &Pao,—63, Ist...Blocks, 35 p. c 101 Hi

Bo.st.H.& E,—New st'k %Old >a

Buff. N. Y. & Pit 2319PreferredIstmort 9o'4

Cal . & Chi. Ca'l & Dk . . 30Chicago c& Atlantic... 13Chic. (teCan.South 3Istmoit 33

Tol. Can. 80. &Det.... 9Coutin'l'lCons.-85 p c 51Ueu.& K.G.R'y—Cous. 86I9Denver ifeHio. Gr.West 19>8Istmort 69''8

Flint & Pere Mar(iu"e. 23Georgia CentralGuar. Ist loo'sCerts, of indebt 90

Grand Kap. & Ind 9Ind. Dec. i& Spriugf... 'i

Istmort. fundIntcru'l Imp. 80 p. c. 44%Mo. K.&Tex.geu.mtg 82I3Lehigh & Wilkesb. Co. 1^.'ilemphis * ;Cha'8ton . 10Mexican. Nat IOI9Pref 26%Istmort 50%Subsidy bonds 45

MIch.&O.—Subs.45p.c 80M.U.St'kTrust CertsNewb. Dutch ii Conn. 1Pief 2Incomes 15

."i.Y.W.SIi.&Biiff.—Stkdel.wh.iss.ouoldsub 27>358 7I!%Subs. 0.& W.,65p.o 1\H

Bid. Asked.93

lOl^s1

%26is5095%3212

37 13

55%87%237026

10-2

174

100

86'

113050%6010025

31717871 '8

6

183

Bid.N.Y. Sus. & West.—Stk 5Pref 16Ist uiort 74%L'ebeutures 50

North Pac. div. scrip. 92 14No. Klv. Const.—9op.c 102N.Y.ChiCi&St.L. equip. 99N.Y.L.&W.—5p.c.g.stk 82%Istmort 109

N.Y.& Gr. L.-l8t inc. 262d iucome 6

N. Y. Pa. &OhioPrefeiTed2d mort. ino 13d molt, inoAtlau. & G W. comPref

Oregou liiiiirovem't.

.

Istmort 92Oregon Sh. Line deliv-

ered when isa'aoo".

Subs. 70 p.

Subs, ex-bd. & 6t4 . . . 53Or.Trau8-l,'.-Sb. 80p c 91UOi-.Tran8.Cont.,bd3 ... Ol-V*

Ohio C.—Kiv. Div. 1st. 67-i8

Incomes ls%Eloh.dsD.Ext.auL>s.70]< 33St. Jo. & West 11%

St. .lo. & Pacitic Ist. 65•2d mort 20

Kaus. <& Neb., Ist... 032dmort 19

Tol. Cin. <b St. LouisIstmort 4'>

Incomes 9Vick. de Merid 4Istmort 93%2d mort 54

Valley KR. of Ohio

AsK-ed.8%.

2071>GO92%104%10382''8i

109%

14^^32%18103»

87-

9i

ll-,i

92"Oldtt68l.'<%55

12794%60

54 THE CHRONICLE rvoL. xxirvi.

|ixt) estwcuts

STATE, CITY AND CORPORATION FINANCES.

The Investors' Supplkmsst contains a complete exhibit of the

/funded Debt of States and Cities and of the Stocks and Bonds

of Railroads and other Companies. It is published on the last

Saturday of every ciher month— viz., February, April, June,

August, October and December, and is furnished without extra

charge to all regular subscribers of the Chkoniclb. Single copies

are sold at $2 per copy.

ANNUAL REPORTS.

Philadelphia & Reading.

{For the year ending Nov. 30, 1882.)

The annual meeting of the Philadelphia & Reading Railroad

"Company was held Jan. 9, in Philadelphia. There wa8 no op-

position to the Gowen ticket, which was re-elected by a stock

vote of 329,329 shares, of which number Mr. Barton voted 75,000

shares, representing Mr. Vanderbilt. President, Franklin B.

Gowen; Managers, J. B. Lippincott, Henry Lewis, I. V. "Wil-

liamson, Eckley B. Coxe, Edward C. Knight, Joseph B. Altemus.

Treasurer, Samuel Bradford. Secretary, Albert Foster. Mr.

Gowen presented his annual report, from which it appears that

the payments made on deferred income bonds were as follows

:

, Inslalm en is

England. America. Total.

First Instalment $1.'311,191 $255,060 $1,566,251Second instalment 905,916 129,895 1,035,842Tliirrt instalment 2,217,807 290,815 2,508,622Fourtli instiilmeat 2,208,561 286,215 2,494,776

Tot.ll $6,643,505 $961,986 $7,605,491

' Reference is made to the new "blanket" mortgage, securing

180,000,000 of first series f, per cent bonds, of which §72,942,700

are reserved to meet prior liens. The report then says

:

" An issue of $10,000,000 of second series has been authorized

by the managers, the bonds to run for fifty years from Feb. 1,

ls83, in denominations of $1,000 and $500, with semi-annualcoupons due August 1 and February 1, payable in Philadelphiaand New York in gold, and in London in sterling, at the rate of

four shillings and one penny to the dollar. The mortgage pro-vides that 169.903,910 out of the entire $80,000,000 of secondseries bonds shall be reserved to meet the following obliga-tions :

Moj tRages and ground rents on parcels of the Pliiladelpliia<fe Keailing Railroad Company's real estate $1,936,007

Convertible bonds of the I'liiladelphia & Heading RailroadCompany 10,422,900

Debenture bonds of the Philadelphia A Readlnst RR. Co 1,124,900Debentnre bonds ot the Philadelphia & Reading Coal &Iron Company 1 ,731 ,000

Mortfragf 8 and groimd rents on parcels of the real estate ofthe Philadelphia & Reading Coal & Iron Comp.<in.v 094,133

Share capital and obligations of the leased lines of the Phila-delphia & Reading Railroad Company, less amount ownedhy the company 53,994,970

hands of the receivers, and supply out of new capital the amountof income so diverted as above, an earnest effort was made bythe managers during the last year to sell 5*13,500,000 of first

series five per cent consolidated mortgage bonds. At the price

at which these bonds were offered to the public but $723,500 weresold, for all of which par in sterling, or 93 per cent in dollars,

less the discount for anticipated payments of instalments, wasobtained. More could only have been sold by a sacrifice ofprice greater than that which the managers felt they would bejustified in submitting to. * * * To obtain the requisite

amount of money a sale of the $5,000,000 of unissued generalmortgage seven per cent bonds has been made at par, payablein cash on January 15, Application will be made to the court

during the present week to terminate the receivership, accom-panied by a petition praying that, before such termination, the

cars and engines now held by the receivers and paid for out of

income may be transferred to the trustee of a car trust, uponwhich, at six per cent interest, it is expected that $2,000,000 of

cash will be obtained to pay the outstanding receivers' certifi-

cates. 'To adjust the claims of the various junior security hold-

ers upon fair, and equitable terms, the propositions embraced in

the following two notices have been made public, the managershaving previously obtained the assurance of holders of large

amounts of the securities named that the terms proposed wouldbe accepted. A circular issued in London had the following :

"Notice is hereby given that six months' interest on general mortgageand Perkiomeu mortgage deferred coupon scrip, at the rate ot six i er

cent i)er annum, will he paid to the holders, in cash, on and after Jan. 1,

1883, on presentation of the scrip, which will be stamped with suchX^ayment.'Holders of the above scrip will have the option untilJan. 1, 1883,

eitheri"First. Of converting the principal thereof, at p.ar, into first series five

per cent consolidated mortgage bonds, bearing interest from Nov. 1,

1832, at ninety-live percent; or,

"Second. Of extending the payment of the scrip, retaining all presentsecurity until July 1. 1885, with interest at six per cent per annum, for

which interest new sheets of coupons (payable semi-annually on the Ist

July and 1st January In each year) will bo annexed to the scrip.

" During the year the managers have had to provide for the

following

:

On account of subscription of $1,000,000 of the stock of theSharaohin Sunbury & Lewisburg Railroad Company here-

Total to he reserved of second series $69,903,910

"Since their election at the last annual meeting of the stock-holders, the earnest attention of the managers has been directedto efforts to place the finances of the company on a soun d basisand to terminate the receivership which has existed for nearlythree years, during which the result of the business conductedby the receivers has been :

For the first year a loss of $1,209,986For the fecondyear a profit of 18S.256Forthe third yearaprottt of 882341

" For the last year, or eighteen months, the only reason for thecontinuance of the receivership was the necessity of providingmoney for the large amount of new equipment and new workrequired by the rapidly-increasing trafiic of the comnany. * '

The total amount of income used by the receivers "for "capitalaccounts during the last three years has been as follows:For new eneines and cars S2 457 870For new railroads, real estate, improvements. &,a.... 2139850Funded and floating debt paid \, 85o]4.53

Total..... $5,448,179" Had this amount of income been used for income charges, it

could have been applied in liquidation of the following:EeccI vers' certificates $" 0"i4 458Current loans of receivers 50001)0Unpaid interest on Junior securities "I!!!".!!!!!"!! 1,431405

Total yet nnp.ald $3 QSo 9'3Interest on general mortgage and income mortgage beluK ' '

"

paid hy the compiiny f.* ^1,010,610

^"'"^ $5,596,533'"The excess of the above aggregates over the total of income

withdrawn as above being about equal to the increased lo.ssesof the first year of the receivership over the profits of the lasttwo years. While such expenditure of income for capital ac-count by the receivers has had the entire approval of the man-agors, and been abundantly justified by the largely increasedprofits resulting therefrom, there must necessarily be a limit tothe time at which the creditors will be willing to forego the re-ceipt of interest for the pake of improving the property of theirdebtor, no matter how much such improvement mavaddtothesecurity of the principal of their indebtedness, and in justice tosuch creditora it is but ri.L'ht and proper to terminate a systemwhich in Itself prolongs the period of resumption of payment

r-'Dterest charges. la order to take the property out of the

:nl7,749103,270

after referred toOn account of construction of extension to Cdt-iwissa branchFor payment of January and July interest on generalmortgage bonds 1,092,930

For payiueut cf coupons from Juno, 1880, to June, 1882,inclusive, on incom a mortgage bonds 409,430

Total $2,223,379" The present floating debt of both companies is $5,843,645,

but as the sale of the 7 per cent general mortgage bonds will

now supply the proper funds for the above expenditures, inaddition to the amount received from the sale of $723,500 offirst series 5 per cent bonds, a very considerable amount of thefloating debt will be paid at once out of the proceeds, so as to

reduce the floating debt to less than the amount still due uponthe deferred income bonds, which amount it is expected will berealized, so as to pay off the entire floating debt at an earlydate. In no event will the unissued deferred income bonds besold at less than the original issue price of 30 per cent, and as

the receipt of money from this source is now not essential to

the financial success of the company it is probable that if theoriginal subscribers do not pay for their allotments withinterest, a higher rate than the issue price may be obtained forthe unsold portion in the near future."During the past year important contracts have been made

with other railroad cempanies for the construction of connect-ing lines which will give to the Philadelphia & Reading Rail-

road Company the advantage of connections with the railway.system of the New York Central & Hudson River Railroadand its afBliating and connecting lines reaching theNorth, Northwest and West, and opening to the Coal &Iron Company the large northern and western markets foranthracite coal, which it has so long desired to obtainentrance to. Herewith is submitted the contract for one ofthese connections, made by the construction of the Jersey ShorePine Creek & Buffalo Railway, the amount of the mortgageof the Jersey Shore Pine Creek & Buffalo Raiiwa3' Companytherein referred to for $2,500,000 having since been increasedto $3,500,000, and the bonds secured thereby having been jointlyand severally guaranteed by the Philadelphia & Reading Rail-road Company, the New Y^orb Central & Hudson River RailroadCompany, and the Corning Cowanesque & Antrim RailroadCompany. The new line is expected to be opened for trafiic

early in the coming spring, by which time the link being con-structed by this company owned by the Shamokia Sunbury &Lewisburg Railroad Company will also be finished. The lattercompany has been organized with a share capita! of $1,000,000,all of which has been subscribed for by the Philadelphia &Reading Railroad Company, and a bonded debt of $1,000,000 offive per cent mortgage bonds, and its line is being constructedbj' the Philadelphia & Reading Railroad Company under a con-tract by which $1,000,000 cash and the entire $1,000,000 ofbonds are paid to the Philadelphia & Reading Railroad Com-pany for such construction.

" A still more important contract has been agreed upon, and is

now being executed by the parties, between the Philadelphia& Reading Railroad Company, the Philadelphia & ReadingCoal & Iron Company, the Pittsburg McKee.'^port & Youghiog-heny Railroad Company, the Pittsburg & Lake Erie RailroadCompany, the Lake Shore & Michigan Southern Railway Com-pany, and the South Pennsylvania Railroad Company, bywhich a line is to be constructed, placing the Philadelphia &Heading Railroad in connection, via Harrisburg, with Pitts-

Jantjart 13, 1883.] THE CHRONICLE. 65

burg. Cleveland, Chicsffo, and th« lakes, over a route which it in

believed will compare favorably for distances, grades, align-

ment and local tralllo with any of the other trunk lines. ThiH

advantageous connection hiw been obtained without the expendi-

ture of any money by the company, or without any guarantee of

the bonds of the connecting company, the onl}' financial obliga-

tion assumed being an agreement similar to that entered into

by the Lake Shore* Michigan Southern Railway Company andthe Pittsburg & Lake Kris Railroad Company, to contribute for

a period cot exceeding ten years, if it be necessary, aa amountnot exceeding twenty per cent of the gross receipts derived

from traffic coming from the new line, to supply any deficiency

of interest upon tne bonds of the South Pennsylvania RailroadCompany over and above the bet earnings of that company.

Fitchbnrg Railroad Company.(For the year ending September 30, 1882.)

The annnal report just issued says :" The road-bed and track

were never in better condition. All the track on the main roadbetween Boston and Greenfield, except about fifteen miles, hasbeen laid with steel rails. The Hoosac Tunnel Dock andElevator Company opened for business during the past season.

We have received thus far no return from our investment in

this property, as its income must be principally derived from«xport business, and, on account of scarcity of grain, they havehad little business since its completion." » » •

" As the Hoosac Tunnel and Troy & Greenfield Railroad ap-proached completion, various schemes were proposed for its

operation, some of which were very detrimental to us. Wewere compelled to take some action j and it was considered thatour interests would be best protected by leasing the Vermont &Massachusetts Railroad. Accordingly, a lease was made for 999years from Jan. 1, 1874. At that time its net earnings wereabout one percent per annum, and could be increased only bydeveloping it as a part of a through Western line. This fact

settled our future policy ; and we immediately began to im-prove the whole property from Boston to Greenfield, with thepurpose of securing a Western traffic through the HoosacTunnel." * * *" Some of our expenditures on this account, from the time of

leasing the Vermont & Massachusetts Railroad to Sept. 30,1882, have been as follows :

Constriictiou accounts, not including real estate $59.3,883Somervillc improvements 228,964Prison land improvemeuta 14,066Ecal estate 241,394Equipment 1,934,101Hoosac Tunnel Dock and Elevator Company stock 374,000Improvements Vermont A Massachnsetts Railroad 1,54(),960iStock material 296,663

C'ftsh and rasli fiindii

Hoosac Ttinnnl D. A K. CoHomervlUn linprovemuDt*Vermont ii Massacliuaetts improvement.Hlnkln>c fundMiaoellauoous items

18S0-S1.•32,003

814,5ys170,00018,001

1HSI-S2.$181,14737<,00022H.9A4

1,'U6,06I204,328111,388

TotalZiabilUia—

Stock, commonFnnded di!l>t (see Sui'PLKMKWT).Notes payableVrrniont & Massaobusetts RR. ..

M iscel lanoonsProfit ami loss

$7,902,095

$1,500,0001,600,00040B,.500744,2911.'19,518591,788

$10,256,315

$1,0.10,0003,00<),00<J

778,617140,800301,398

Total liabilities $7,902,093 $10,250,315

Total $5,230,036*" In 1881 the great trunk-line war of rates began ; and freight,and for a part of the year passengers, were carried in bothdirections at less than cost. There was a large business ; andour tonnage and gross freight receipts and mileage all in-

creased, while our net results correspondingly decreased. Thisruinous competition, and the fulfillment of contracts made byWestern railroads, compelled us to transport freight during thegreater part of the present year at even less rates than in1881." * * *" We may state, however, at the time of writing this report

(Dae. 1), that for the last three months our freight business hasgrreatly increased, and at rates nearly ea ual to those receivedm 1880, so that, with a continuance of the business under the6ame circumstances, we see no reason why we should not nextyear make earnings equalling those of any previous year." * *

Statistics for two years, compiled for the Chrojjicle, are asfollows :

BOAD AND EQUIPMENT.1880-81. . 1881-82.

MllesoTvned 186 186Mlies leased 5i) 59

Total operated 245OPERATIONS AND FISCAL RESULTS.

Optra!imt—Passeniicrs carried 2,461 ,603PasseniiermileaKe 39,752,302FrelKht (Cons) naovcd 1,546,950Freight (tons) mileage 109,323,290Earnings^

Pas.ienger $749,169Freight 1,496,459Jlail, express, etc 129,468

243

Total gross earnings $2,373,096Operating expenses $1,594,617Taxes 130,918

Total $1,725,533Kct earnings 649,501

2,959,42347,628,311l,S2i,2G2

112,948,822

$816,7721,521,57611J,381

$2,452,729$1,859,555

148,331

INCOME ACCOUNT.Betcipls—

Uetcarnings $049,561Premiums and rents 89,500

Total incomeDisbni'temcnts—

Rcutal.H p.iid .

Interest on det)tOther interest

$2,007,886

444,843

$144,843161,000

$240,21290.00025.210

Total disbursements $355,428Balance, .applicable to dividends $383,033

$739,061 $605,813

$239,572152,50046,229

$438,301$107,542

GENERAL BALANCE AT CLOSE OP BACH H9CAL TEAR.AstCIS—

Railroad, buildings, equipment, etc $6,117,398 $6,88.5,628Realestate 305,479 209,800Materials, etc 423,134 451,131

GENERAL INVESTMENT NEWS.Atlantic & Pacific.—The United States Government has aC'

cepted 2,50 miles additional of the Atlantic & Pacific road, andpatents for the lands have been duly authorized by the Depart-ment. This road receives land grant of 12,800 acres per milein States and 25,000 acres per mile in Territories. It is expectedthat in May or June connection with Southern Pacific will bamade, thus giving the Atlantic & Pacific through traffic.

BnfTalo New York & rhiladelphia.—The Rochester ter-minus of the Jiochester extension of this road will be com-pleted shortly, thus giving the road facility to handle the bosi-ness. Arrangements have been completed with the New YorkCentral for entrance into their passenger depot, and arrange-ments made for interchange of business at Rochester.

Chicago St. Louis & New Orleans. —Mr. W. H. Osbom, onretiring from the management of this company, issues a reportto the Doard of directors of the Illinois Central Railroad Com-pany, which contains the following :

" This railway, consistingof 548 miles of main track, 31 miles of branche.s, with 106 loco-

motives, 2,241 cars, and all other property and rights attachedto it, with $1,000,000 5 per cent 1951 bonds, $125,000 6 per centbonds, and $623,042 in cash, will be surrendered to you on the1st proximo, in pursuance of the lease of this property to theIllinois Central Railroad Company, dated the 13th of June,1882; thus completing your system, with a well-finished rail-

road and plant, from the lakes to New Orleans."* * * << X have the satisfaction of concluding the active

existence of this corporation, which has had five years only ofduration. Your road constitutes the most important north aadsouth trunk line in the world. The traffic is chiefly in the inter-

change of commodities, the exclusive growth of the South, forcommodities grown in the North, and is of indispensable neces-sity to a population of six or eight millions of people. Thelocation of the line is so direct that this traffic is perhaps less

open to competition than that of any other line on this eou-tinent." * * * " The betterments, which have cost about55,000,000, have been paid for out of the earnings of the property.The road is not overlaid with debt to correspond to tnese out-lays. On the contrary, its improved condition, and the increaseof the traffic, benefited the credit of the corporation to such anextent that it has been practicable to issue and sell five petcent bonds to take up the older issues of 6s, 7s and 83. In this

way the interest charge upon the property, which is intrinsi-

cally worth 15,000,000 more than It was in 1876, has been aeta-ally" reduced $370,505 97 per annum, and its debt from $18,372,-

834 to $17,000,000." * * * " Y'ou take this productive property,with a surplus in hand, and with all the powers necessary for its

future management. You now own $5,000,000 of the five percentbonds for which there is no immediate use, as the requirementsof the Southern line upon capital account are drawing to aclose, and can readily be met from the earnings of the prop-erty. I therefore beg to suggest to your consideration tneeiLcellation of this $5,000,000 of bonds, thus reducing the debtto $13,000,0C0, upon which the interest ckarge will eventuallybe $650,000. This reduction of interest charge will enable youto pay larger dividends upon the $10,000,000 of stock now theproperty of your sharsholders. This step will reduce yourentire fixed charges to about $1,350,000 en 1,525 miles of road."

Coluinbns Chicago & Indiana Central.—At ladianapolb.January 10, this railroad was sold by United States Commis-sioner W. T. Fishback, on a foreclosure of mortgages, to acommittee of gentlemen representing the Bondholders' Com-mittee, for $13,500,000. There were no other bidders. Adeposit of $1,000,000 of the mortgage bonds, required by orderof the court, was deposited with the Commissioner as a guar-antee of the good faith of the bidders.

Flint & Pcre Marquette.—When the Flint & Pere MarquetteRailroad was reorganized in 1879, the plan specified that thecommon stock " shall not be entitled to vote until the new com-pany shall have earned and paid for five successive years sevenper cent annual dividends on the preferred stock,' but it wasnowhere stated that the common stock forfeited its right todividends during this period if they were earned. Receatlythe matter was brought to the attention of the directors bysome of the common stock holdere, and they have agreed to

allow a friendly suit to be brought to determine the rights ofthe common stockholders to dividends under the reorganization.—Boston Advertiser.

Long Island City & Flashing.-For the fiscal year endingSeptember 30, 1882, the receipts and payments were as follows:

Gross earnings, $211,914, of whicli 40 per cent aa per termsof lease $84,765

Balance, Sept. 30, 1331 29,771

$114,536.

56 THE CHRONICLR [Vol. XXXTI.

PAYMENTS.Interest on bonds. 9oi. G8Eental for terminal facilities ^'i,,nLegal expenses *>""

Advertising, etc., and Btationery ____$62,294

FeD. 1, Keal estate mortgage paid l^'OOOf^^H.^

Net surplus $42,242

Manhattan Elevated.—At the meeting of the directors of

the Mahattan Eailway Company, on Tuesday, the following

statement of the business of the roads for the last three months

was presented:

£arnmg». Expenses.

New York... $908,807 $509,517MetropoUtan 6e9,286 453,228

yetearnings.$^59,297216,058

Interest.$151,251195,099

TerCent.101201-28

TotEls.... $1,638,093 $962,745 $675,355 $346,3.50 10-12

Marietta & Cincinnati.—The trustees for reorganization

call a meeting of the parties to the agreement for the purpose

of doing all things necessary or proper to reorganize the com-

pany; and notice is given that such meeting will be held at the

office of McCIintick & Smith, solicitors, on Second Street, in the

city of Chillicothe, Ohio, on the line of said railroad, on the 7th

day of February, 1S83.

Marquette Hongliton & Ontonagon.—The directors, on Jan.

11 declared a 4 per cent cash dividend, besides ^-whieh the

holder of 50 shares is to have the privilege of subscribing for a

one-thousand-dollar 6 per cent bond, with five shares of the

stock thrown in. The 40-year 6 per cent bonds, which it wasvoted to issue, aggregate |900,000. It is understood that some-

thing more than half of the new loan is to be devoted to anextension of the line from L'Anse to the copper fields, which it

was voted to build-, and the balance for new equipment and to

reimburse the Treasury for money expended during the past

year on permanent improvements. The semi-annual cash divi-

dend wiil call fcr $90,361 for the preferred stock and .$92,264

for the common stock. The stock dividend will add 4,500

shares of common stock, for which the company virtually

receives nothing. The new loan will add $.'54,000 to the fixed

charges, and to maintain an 8 per cent dividend on all the

stock the company must earn an additional $36,000 during thepresent year.— iy^. Y. Times.—The following statement shows the condition of the com-

pany's affairs for all but the last month of the year 1882:Net eamiugs for eleven uiontlis $644,081Interest charges 157,762

Surplus applicable to dividends $486,319Dividend (8 percent) on preferred stock 180,722

Balance $305,597

Metropolitan Elevated.—It is reported that propositions

are pending for a settlement with the Manhattan substantially

as follows: First—six per cent guaranteed dividends to both ele-

vated roads by the Manhattan Company ; 2d—after the abovetwo dividends have been provided for, Manhattan stockholders to

receive the surplus profits up to 6 per cent ; 3d—then anyprofits remaining are to be divided about equally between thestockholders of the three companies.

New York West Shore & Buffalo.—At the annual meetingof the stockholders, the following directors were elected: HoracePorter, Henry Villard, John W. Ellis, George M. Pullman, C.F: Woerishoffer, R. T. "Wilson, H. Victor iNewcomb, H. K. Mc-Harg, Frederick Billings, Charles Lanier, John J. McCook,Theodore Houston and Charles Paine.

Norfolk & Western.—A dispatch from Richmond, Va.,announces that the meeting of the Norfolk & Western stock-holders at Norfolk on Wednesday was harmonious. There will

l>e no further issue of preferred stock. The company proposesto exchange 20,000 shares of common stock for 20,000 shares ofthe Shenandoah Vallej Road,which will be a controlling interest.

Richmond & West Point Terminal Railway & Warehouse.—^For the purpose of taking up its floating debt, this companyproposes to issue $2,000,000 of debentures, in the form of trustnotes, for $5,(!00 each, secured by a depo.iit of securities withthe Central .Trust Company of New York, sub.scriptions towhich are solicited at 90 per cent of their face value. Thenotes, which are payable in two years or before, at the com-pany's option, will be secured by a trust deed conveying thefollowing securities to the Central Trust Company as trustee:

m. _. . -.r-j, ,^^ „ , Amount. Value.Virginia Midland E.R. Co. Income Eds $1,603,000 $801,500Virginia Midland R.R. Co. Stock 3,567,300 713 460West. Nor. Carolina E.E. Con. 1st Mort. Bds.. . 1,640,000 1,002;000West. Nor. Cai-olina B.K. Con. 2d Mort. lids 3,090,000West. Nor. Carolina R.R. Preferred Stock 3,168,300lUclimona & Uauville Extension Co. Stock. . 2,607,100C!oluinbia & Greenville R.R. Co. Pref. Stock.. 1,000Columbia & (ireeuvillcR.R, Co. Commonstock. 1,000,000Hortlieastcrn R.K. of GeorgiaStock 120 000Northeastero R.R. of Georgia Bonds 31,'i,0<)0Knoxville ifc Augusta R.R. St»ck 100 000 >Knoxville & Aunusta R.R. Bonds 100 000 (Danville Mocksville & Souihwest'n E.E. Stock. 49!oOORabun Gap Short Line Stock 103 <)00Bicluuoud &. Mecklenburg E.R. Stock .' 300,000

^COMMERCIAL EPITOME.Fkiday Nwht, Jan. 12, 1883.

We have had severe winter weather during the past week.Snow has fallen in considerable quantities, obstructing railroad

transportation and making the delivery of merchandise diflSenlt.

Ice makes its appearance in our harbor, but not as yet to »sufficient extent to cause inconvenience. Business is generally

dull, but mercantile affairs are in a sound position, and there is

no good ground for distrusting the early future.

The speculation in provisions has been moderate, and valaes

have been on the downward turn until to-day, when higher

Chicago markets, accompanied by advices of renewed specula-

tion, brought about an improvement here. Mess pork on thespot was quoted at $18 50@$18 75, with a small lot sold at

$18 25; January and February options $18 25@$18 40; March$18 40@$18 50; April $18 50@$18 70. Lard opened weak butsoon recovered, and a very much better speculation was report-

ed; Western on the spot sold at 10-87?^910-90c.; refined to the

Continent 11 -050.; South America ll-30c.; for future delivery-

Western sold at 10-88@10-96o. for February, 10-97@11-C23^e.

for March, ll@ll-07e. for April, ll-07@ll-16c. for May, 11-19@

11-23C. for June, ll-22@U-25c. for July and ll-28@ll-30c.

for August; the market closed stronger, with a good specula-

tive interest. Bacon quiet at 9%@9^c. for long clear. Beefhams sold at $18 50. Beef quiet; city extra India mess $26 50@$28 50. Tallow firm at i)ie. for prime. Prime Western

stearine quoted lie; oleomargarine 10c. Batter dull but

cheese steady.

Rio coffee until to-day was quiet on the spot and latterly

rather weak at 7M@8c. for fair, though at the close the marketwas more active and fully up to 8c.; options have been fairly

active at some advance; No. 3 sold to-day at 5-85@5-90c. for Jan.

uary, 5-70c. for February, 5-80c. for March, 6@6-05c. fer Mayand 6-05c. for June, while fair sold at 7'70c. for January andMarch ; mild has been in fair demand and steady. Rice hasbeen in fair demand and firm. Spices have been quiet, andEast India products, especially pepper, have been weak, owing

to the reduction of 10 per cent in the duties on spices from that

part of the world. New Orleans molasses has been firm, butlatterly only moderately active ; foreign dull. Foreign fruits

havs been moderately active and about steady as a rule ; Turk -

ish prunes declined slightly early in the week, but havelatterly been firmer. Tea at the auction sales has latterly

brought firmer prices for Moyune green and Japan, thoughother grades have shown some weakness. Raw sugar has been

easier at 6%c. for fair refining, with a better business in East

India grades, but little trade in Cuba sugar.

Hhds.Receipts since Jan. 1 11,762

Boxes. Baqs. Melado.147,760 17569.328

8.327 604.766 1757.714 322,918 41

418,000216.830200,000

300100,00012,000

189,000

150,000

30,00025,00030,000

$17,764,600 $3,888,090

securitforre

_ _ _ _Bcription is made payable on or before January 20," within aweek of which time the trust is to be executed. The companyreserves tbe right to withdraw the Danville extension stockfrom the trust at any time upon the payment of the amount atwhich it is valued therein, $200,000.

Sales since Jan. 1 9,790Stock Jan. 10,1883 27,805Stock Jan. 11, 1882 16,827

Refined sugar has been firmer for yellow and soft white, the

demand for which has increased ; powdered closed at 9c., gran-

ulated at8?ie , crushed at 9>^c. and standard "A" at 8>6@8i4e.Kentucky tobacco has been quiet. The sales for the week

are only 480 hhds, of which 400 were for export. Prices are

unchanged; lugs 5^@6Mc.; leaf, 6?i@ll^c. for light andheavy. Seed leaf is dull; the proposed tax and tariff legisla-

tion hurts business, still the sales for the week are 1,630 cases^

as follows : 830 cases, 1881 crop, Pennsylvania, 9)6@13e^.; 200

cases, 1880 crop, Pennsylvania, 8@13c.; 350 cases, 1881 crop»

State flats, 10@llc. ; 150 cases, 1881 crop, New England, 16@25c. and 100 cases, 1881 crop, Ohio, private terms. Also 450

bales Havana, 80c.@$l 15.

Naval stores are quiet ; spirits turpentine has been advanced

by higher Southern and English markets ; to-day there was areaction downward to 53e. in yard ; common to good strained

rosins $1 57J2@|1 67^. Refined petroleum for export wasdull at 7Mc. for 110 and 7;ge. for 70-test. Crude certificates

irregular at 90>i@89Mc., closing 90(ij90>6c. Hops are dull at

95c. @$1 for new State choice. All metals were dull' andunchanged. Lake copper was quoted at 18@18Mc.Ocean freight room has been quoted very irregularly, but

closes firm in view of the small offerings of tonnage. Grain toLiverpool by steam was taken to-day at 7i^d.; Hour, 228. 6d.per ton; bacon, 328. 6d.@40s.; cheese, 35@40s.; cotton, 3-16d.^grain to London by steam quoted 7^d.; do. to Gla.sgow by-steam, 8M@8>6d.; do. to Bristol. 7d ; do. to Antwerp, 7Md.; doLto Havre, 16c.; grain to Cork for orders, 5s. 6d. per qr.; refined.petroleum to London, Liverpool, Bremen or Antwerp, 4s..

Jandary 13, ie83.1 THE CHRONICLE. 67

COTTON.ffRiDAT, P. M., .lannary 12,;i883.

The MoVKMBifT or rns Crop, as indicated b7 oar telKtrrams

from the S<mth to-nitcht, is ^ivcn below. For the week endini;

thiH eveninfir (Jan. 1"J) the total receipts have reached 175,382

bales, a^faiuMt 234,997 bales last week, 351,923 bales the prerioaH

week and 258,170 bales three weeks since ; making the total

receipts since the 1st of September. 1882, 3,861,841 bales, airainst

3^00,410 balt\s for the same penod of 1881-82, sbowintr aninoreaae since September 1. 1882, of 361,431 bales.

Seeeipta at—

OalventunIndlnnola, &o

Hew Orleana. ..

MuhlleFlorida

SaTannnhBrunaw'k, Ao.

'CQiarleston

Pt. Royal, Ac.

WUmlngtoaMoreh'dCifco

Norfolk

West Polnt.Ac

Jfew YorkBostonBaltimoreFhlladelp'a, Ao.

Totals this week

Sat.

0,3j9

12.323

3,068

2.772

2,107

7d2

3,883

1,410

1,115

829

31,713

i£on.

9,02G

18,021

1.U5

3,196

1,258

589

4,269

2,290

1,370

1S9

Tuef.

1,750

7,272

1,573

1,349

1,333

200

3,2i9

1.0S3

1,266

131

39,Bo3l 19.7.19

Wed.

4,055

12.038

S68

2,119

2,074

236

3,014

1.297

1,338

160

26.919

T/tur$.

2.919

13,312

1,624

1,555

1,613

198

1,831

1,695

863

133

25.776

Fri.

2,938 27,017143 143

7,398 08,361

1,137 9,415

112 112

1,306 12,797

1,540

593329862

1,114

2,801

251717

5.9871,251

Total.

10,015

5932,391

86217,318

2,861

8.026

6,719

5,987

2,699

23.512 175.382

For eomuarison, we ffive the followinsr table showinsr the week'stotal receipts, the total since Sept.l, 1882, and the stocks to-night,

^aod the same items for the oorrespondincr periods of last rear

Xeeeiplt to

Jan. 1 2.

ealvestonlD(lianola,&o.

Hew Orleans. .

.

MobileFlorida

BavanuahBruusw'k, <fee

"Charleston

Pt. Royal, dkc.

WilmingtonIFIiead C, Ac

Jtorfolk

West Point.&cIfew YorkBostonBaltimore

Fblladelp'a,dc.

Total.

1882-S3

This Sinet Sep

Week. 1, 1882.

27,017113

68,3619,115

11212,797

10,015

5932,391

86217,318

2,861

8.026

6,719

5,9872,099

551,72214.113

990,915229,516

9,962

601.2295.3o%

425,779

9,007

93,716

11,788

536,350

155,933

76,58692.11118,363

36,353

1881 82.

Thit Since Sep.

Week. 1,1881.

8,39

25729,533

3,933

7812,173

7,834

9812,011

2,21

11,259

9,911

13,097

7,585

2213,412

.. 175.332 3.801,811 111.868 3,500.110 930.637 1.137.125

327,153

12,202

932,722

201,71

19,719

581,1096.464

402.17416,883

109,00911,937

433,803

147,043

95,413

138,88517,27039,402

Stock.

1883

134,820

316.539

37,969

100.970

101.724400

17,370

75,101

110,650

2,70016,8.^3

9,520

1882.

98,958

378,058

43,91799

100,081

73,492

1,733

13,739

48,509

300,639

6,82055,627

15.120

In order that comparison may be made with other years, wejfive below the totals at leading ports tor sii sea-son.".

Seeeiptt at—

Qalvest'n.&c.

New Orleans.

MobileSavannah....

Charl'st'n, A<s

Wllm'gt'n, &cNorfolk, Ac..

All others

»)t.thl8w'k.

81noe Sept. 1

.

1S83.

27,190

68,361

9,415

12,797

10.608

3,236

20,20923,513

175.382

1882.

8,651

29,533

3.933

12,173

8,818

4,858

21,20325,696

111,863

1881.

23,186

30.565

8,628

20.276

10,510

2.452

18,471

15,513

129,601

3-i;i,31l :f50().110 .-^fifll.iriS 3145,8.')0l29.T3.»i)5

1880.

8,993

40,70012.741

18,151

10,905

1,558

11.503

21,935

129,189

1879.

11,615

25,165

15,210

19,576

15,511

3,111

13,158

9,901

113,013

1878.

10,38063,62019.127

16,981

12,073

2,181

17,183

11,571

153,737

791,196I'Qalveston includes liidiaiola; Charleston includes Port Ko.yal, Ac.;WUmlnifton Includes Morehead City, Ac; Norfolk inoludea City. Point, A*.

The exports for the week ending this evening reach a total

of 1(51,201 bales, of which 112,401 were to Great Britain, 14,853 toFrance and 3a,947 to the rest of the Continent, while tie stocksS4 made np this evening are now 930,637 bales. Below are theexports for the week and since September 1. 1882.

Brportt

fr<nnr~

•tiAlreston

Hew Orleans..

Mobiletloridf,

flATaoQahChu-lestoi. *..

WUnllDstOD..orfolkt

York

aore.

.

'hlUdelp'a.&c

Total ..

^txHai 1881 -sa: 76.n!U

Wetk £>ldln« Jan. li.

Bxported t^—

OreiU Conti- Total

BrU'n. fiance „^„t. Wuk.

«7,!2S

42.4:J3

3.Si6

4 953

3,125

40:e3.320

8,U85

4,713

a«o.j

2.500

9.(127

3.000

1,7?1

6,925

M.318

1.900

11,720

3,497

1,617

31,053

60.078

5.328

6,833

16.929

1,016

332013,594

4,713

10.219

2.S00

112,101 11,893 83.&«7 161.3011,512,478 249.928

S55 3i.r<«n 1^ s«« 1 .064 a«i "a* h'ki

From Sept. 1. 18S2. to Jan. 12, 1*3.ExpnrteA to—

Great

Britain, ^aiuc

189.583

114.094

8,7«6

62,847

75.S6'

29.80a

239.512

!!ei.04ti

82.873

87.474

4 1,043

26,174

151.440

S.OJO

25,658

20.622

18,440

1.291

Conti-

nent.

59,039

197,102

165,681

110,627

1,500

2.77S

97.903

842

2S,157

Total.

275.116

763.696

11,796

254.186

206,810

81.10:)

262.82)

S77.8 •!

83,213

117.925

42,53J

665,697 2,42S.103

In addition to above exports, onr telegrams to-night also ulfn« the following amoants of cotton on shipboard, not cleared, atthe ports named. We add similar flgures for New York, wl.iohare prepared for our special use by Meiwrs. Oatey, Yale ftLambert, 60 Beaver Street.

J/lH. 12, .

Now Orleans...Mobile ,

UbaritetonSavannnh ......BalvextonNorfolk(few YorkOtber ports

Total 1883

Total 1882 63.153Total 188 1 163.790

On Shipboard, not eUartd—for

^'«'* «,-««» 0<A«r aoa$t-Britain. '

"'<"«««• Tortign wite.

50,0664,300

12,0506,900

30,85321.4251.2003,900

133,691

15,090None.1.700None.801

None.None.None.

17,654

12,72323,832

21.069None.650

8,00018.6634,(1001,150900

51,732

5,432None.1,0503,50010,4151.400None.None.

21,797

Total.

91,6574,300

15,15018,40060,79526,8256,6,504,800

227,877

35.79759,071

10,21122.580

126,887269,682

LtavinaStock.

224,93333,66986,27482,57074,08148,279

111.00642.049

702,810

1.010,238643,612

The speculation in cotton for future delivery has been fairlyactive for the week under review, but at variable and unset-tled prices ; there were decided advances on Saturday, and anequally decided decline on Monday. On Weilnesday morninga buoyant market opened the day, but later the early advancewas not only lost but the close was at some decline. On Thurs-day the same variations took place, only in a less markeddegree. To-day, however, there was a slight advance, whichwaa fully sustained at the close. The operators for a rise inthe Stock Exchange have shown rather more conlidence, buttheir efforts to promote a higher range of values do not as yetreceive any material " outside" support, and at each advancethe sales that are made to realize profits liave caused a re-actiontowards lower figures, until to-day. Cotton on the spot hasmat with only a moderate demand for home consumption anda small business for speculation, but stocks are light and hold-ers firm; quotations were advanced 1-lCc. on Wednesday. Yes-terday they were fully revised ; low grades of uplands werereduced l-16@J^c. ; high grades were advanced l-16@i^c.;m edium grades were unchanged, except that the differencebe tween uplands and Gulf was widened l-16c. To-day spotswere quiet and unchanged, middling uplands closing at10 3-16C.

The total sales for forward delivery for the week are 444,200bales. For immediate delivery the total sales foot up this week3,264 bales, including for export, 2,743 for consumption,521 for speculation and— in tran.sit. Of the above, 971 baleswere to arrive. The following are the official, quotations foreach day of the past week.

Jan. 6 lo

Jan. 12.

Ordln'/-**Strict Ord..Oood Ord..Btr.G'dOrdUow Midd'gStr.L'w .MidMiddlinK...oood Mid..Btr.Q'dMidMidd'g FairPair

UPLANDS.Sat. mou Tne*

79ie38i3ia9149iii«915,8

lOlfi

10%IO818ini611I3,«

79lb88i3ie

9"l69i»ie

101810%lOSlBll'l6lli-5,«

''188813l69I49II16

9"ielOlfl

1039

109l811m61113,,

NEW ORLEANH.Sat. raon Tae*

l>91391B,(

lOls100,8109i810%U'l12

713,8SH9'l89'i915,,

lOifi

105,8109,810%ll"!12

7l3ieHI491,,..I3

915,8loie105,6109,810%U1412

TEXAS.

Sat.

713,88H9I1,

91a9!5l8

lO^e105,6109,810%11^412

nion. Taea

915,,lo>a105,g10»i«10%11^412

713,88I49I18

9»a915,,

lOlg105,8109,810%III412

Ordin'y.S*Strict Ord..Good Ord..Str. G'd OrdLow Midd'sStr.L'w MidMlddllna...Good Mid..Str. G'd MidMidd'g FairFair I

Wed] Tb.

7=8

8^8

95ia9%

10103,8107,810=811»8ll'^S

7I3

716i«8%93,89Ul310103,8101a10%III412

Fn. Wed713715,88%93,8

10103,8101a10%im12

,

7'8

gi«

99l81010'l8103910=81013,811^18121,8

Tb. FrI,

713,88k9118gia

101014107,810%11111*1214

713,8814

91a10IOI4

10'i610%UIlia1214

IVed

7 '886,,gig

9»1610103,8103e10=81013,,

115l8121,8

Tb.

"7p,8

9 'is91a1010>4107,810%11Ilia1214

Prl.

814

9i«1010^107,,10%1111>«I214

STAINED.

Good OrdinaryBlrlct Good Ordinary.Low MiddlingMiddling

.»»>,

Sat. non Taea Wed Tb.

73,8

1'=;"

73,888l-',«

9=8

73,88811,89=8

74

911,8

718

9' 18

Frl.

71a

97,,

MARKET AND SALES.

The total sales and future deliveries each day during the

week are indicated in the following statem-nt. For the con-

venience of the reader we also add a column which shows at &glance how the market closed on some days.

SPOT MARKETCLOSED.

Sat . . QiilPt and steadyMon . y liet

Tnes. SteadyWed . Steady at >u »dvThursltiniet at rev. quoFri . .|(julet and steady

Total I

SALSS Olf SPOT ANB TK.VNSIT.

.Kr-I

O'lH-I

Bpe-Tran- _ ,„,port.\ nt'np.\uVt n tit. ^^i.

415 ....

232 171574 ....

708 ...

3871 100397| 250

2.743 521

44540357170848764'

3.264

Saiei.

70.40063.90002.80083.00081.30047,200

441.200

Deli»-trim.

40040040O30O300sdb

2,300

* IncliKles exiMtriu iruin fort lioyai, Jtc.

ttaeludes exports from West Poiai. &>

The dally deUveriea (rtven above are aotuaUy delivered the day pre

-

Tloaa to that on whien they are reported.

The Sales and Peiobs of FtPTUEBS are shown by the foUoj'-

iog ccmprehensive table. In this statement will be tonnd the

d*ily market, the prices of sales for each month each day, and

the closing bids, in addition to the daily and toial iales.

58 THE CHEONICLE. [Vol. XXXVI.

the stocks to-night, and the same items for the correspondinjf

period of 1881-82—is set oat in detail ia the following statement:

5 S Wj±!3^p'^ 2,

0» (^ OC C2 to tC CO-J ^ff CD I-* COW "1

h- QD *». CC O K)<1o o: oc (-> ti >- toODCCtOOU^'OD

CCOl >—»-* kO»3

toCDM to to M to

V M~tfi.'lO Oi CO 10CO lU H- oM t**-oc I-* to -q c: cco

ffi'r wlcVj CO no cc c ^- O *• O w'u' --i o;'>-**-^

UCO M CO M MOCCOtJti— tOCOtOOSCltOtO tOMt.. OCi- tfr. CC C*3

C CO 1*-^ tw to CijD Ci CJ C 00 t:. en to to «D a i*^

owcitoloocbi'co'a-.'cDVocoto'^o'Vi'io•J>-'«*->-0'.*^Cn^lOH'(--XCCC0--lWifc3--COCO-JtOh-OCO^COOCtOCft*^»-X!lOCOlO

ceo ^j-co .^'5^w M :~i^wy^w^3*m co'to Oi ft Qo'c CDw cp"*-*X CDVim CO oi*:;!

cot-T--iOC'»coo^a3Cc>c;iCic:to*-co-iODai^J tf». h- CC -g to CD CD CO ^- C X C: © 1^- CO *4 CD GO

C. HtOC;^^rf-;-4MCjQeCCjBfc"I^'»P-©'c''xbtcioD^ViinCGr--o»oci: CD*. totfkUiOCO^'-OOClD^-'OlOU'CCCJ'COOSWl-'C04^Ci— «t»c:Otccn'-iOit'i-'tf*--4^oo<t:D

8s<* 2*

te

»-5'

aa Fl

to

O t-* CO itk t-t MC 50 * W CC CJl to-4CCXtOCCOO

lOCO W COM t-»i^ M MtOO O CO XOT -O CD to <l CiM --OV OOM CS CC COtc CD 3: 00o v*— CD t' I** :;i *3 :r It- a " — tik to ^^^#i.C;iM|fc.C0OC0OOXaCDpe-l0 0it0O

in

COCO 10 to 10 (0 >;•>MPptJtOr- WCOwVo'yta'toao^> IB- -sj m c. tooO *J H* -' 10 **o

CD-JtOCSC.»-'-O r- -g >«^ o c;» COCO to ^ C: i(» oo

to--tococ:»M oVj"cix'co*»ccs-J '-»

tow MM to Mto 00 — <1 M |t* to O C;*H to A *-1 OS 00 en 00 COC- 00 ;0 O Wa-H- rf* CD ^ to CC Oi CO Ci rf^ *-_;-lCD

wVl'<l>*'tO wVicnwaioVj'cjMVqlcVjQDOCO CniO C" *J at lO W c;> rf- CD CJ ^ *- iTii CD CC I— --1

r-c»OTCC:c-.c:CJao*g^c:c;^U'c;iCc

'coV:i»-oiio'»uc'»x'bi'^tooD'^'^iwVicDio^-»-'-'rf-c:»-toc:o:j'COc;«*'CoccDMGDcoioxoii*-<)M*.<jiP.tociOccc:ciCic;'Coo©

MX MtO >->*-* I— tOMM toco

x CO o-'gc *xW c; c; toX b* c c;'^ co ci'*- c>o — C'-*')ODiocDi-'0**-cocoj^toacoMO«

)-5

• Actual count to-day. 1 Tills rear's figures estlmatefl.

-4I I

I |: > l: I I;

l«:

III

I I

! «:

I t:

l«:

I I

II

is:

I I:

I

I 1:

>3

I I

!«:

I i

i?1 I

I »:

1 li

l«*:

I li

* Includes sales In BeptouiUer. ISBii, tor oeiiieiuijor. uOu.au. ; oepiem-ber-October for October, 845,600 ; September-NoTember tor November731.000; September-December for December, 1,097,100.Transferable Orders—Saturday. lOlOo. ; Monday, 1005c.; Tuesday

10-lOc.; Wednesday. 10(5c ; Thursday, 1005c.; Friday, lOlOc..Short Notices for January—Satmday, 9-95®1006c.; Monday, 1003®

S-99C.; Tuesday, 9-9«e.tgr We have included in the above table, and shall continue eacli

'^f.f V"IK'^''- the average price of futures each day for each month. It

•will be found under cacu day following the abbreviation " Aver." TileSTerago for each month for the week is also given at bottom of table.

The following exchanges have been made daring the week.•IS pd. to exch. 100 Mar. for April.•14 pd. t« exch. 300 Mar. for April.•14 pd. to exch. 100 Mar. tor April.•23 pd. to excli. 500 June for Aug.-14 pd. to eioh. 400 Feb. for Mar.•13 pd. to exch. 1,000 Fel>. for Mar.•14 pd. to exch. 200 Feb. for Mar.-14 pd. to exch. 100 Feb. for Mar.100 Jan. 8. n. 13th for reg. even.

At Thh IirTBBioH Towifa the movement—that is the receiptsJot the week and since Sept. 1, the shipmenta for the week, and

The above totals show that the old interior stocks have de-creased during the week 3,341 bales, and are to-night 51,114

bales less than at the same period last year. The receipts at

the same towns have been 27,569 bale.s 7»ore than the same weeklast year, and since September 1 the receipts at all the townsare 275,822 bales more than for the same time in 1881-2.

Change in Visible Supply Figures.—We have this week

completed arraagements, which for some time we have had la

contemplation, of making our visible supply an exact indicatica

of the amount of cotton in sight each Friday night. Hereto-

fore, as our readers know, the Continental stocks have been the

figures of the previous Saturday From this time, however, w©

shall receive by cable for each of those ports the returns of the

very day our whole report is dated. These figures are of

course obtained at a large additional expense, but we think the

great improvement in our statement which we thus are able to

make fully warrants it.

The Visible Supply or Cotton to-night, as made up by cable

and telegraph, is as follows. The Continental stocks, as well as

those for Great Britain and the afloat, are this week's returns,

and consequently all the European figures are brought downto Thursday evening. But to make the totals the completefigures for to-night (Jan. 12), we add the item of exports fromthe United States, including in it the exports of Friday only.

I^" We re-arrange our visible supply table for previous yearsto conform to the change mad<i in Continental stocks—that is to

say, the Continental stocks of the succeeding week are inserted

to make the correct comparison.

Stookat Liverpool bales.Btook at London

Total Great Britain stockStock at HamourgStock at BremenStock at AmsterdamStock at Kotterdam....Stock at AntwerpSMjck at HavreStock at MarseillesStock at BarcelonaStockat GenoaStock at Trieste

I

-14 pd. to exch. 100 Mar. for April.I 15 pd. to exch. 300 Mar. for April.

I

•!!« pd. to exch. 500 May for July-15 pd. to exch. 500 Apr. for ,Mav.

I

2() pd. to exch. 500 May for July.

I

-14 pd. to excU. 100 May for June.•5.5 pd. to exch 1.000 Mar. for July.100 Jan. e. n. 15th for regular.

1883. 1S92. 1881. 1880.e-ig.ooo 572.000 487,000 501,00080,000 40.700 34,000 47,323

779.000 012.700 521,000 518,3234.000 2,200 2,500 1,500

25.400 42,700 23,600 11.4501,500 11,000 1,680 28,9203.400 400 1.060 90OSOO 2,090 500 ......

151.000 130,000 71.600 46.8904.000 4.200 5,50(1 1,321

42.000 35,000 24.700 13.6549,100 5.500 3,500 1,COO5,700 4,060 2,000 700

216,900 237,150 130,640 106,335

1,025.900 849.850 657.610 654,65397.000 133.000 82.000 54,279

> 727.000 525.000 736.000 511,26») 02.000 45.000 23.000 22.3ia

930,687 1,137.125 912.812 895,368339,669 390.783 277.359 352.38317.800 18,000 14,000 16,000

Total continental stocks..

Total European stocks.. ..

India cotton afloat for Europe.Araer'n cotton atloatforEur'peEwPtiBrazU.&c.aflt for E'r'peStocK In United States ports ..

S'ock in U. 8. interior towns..U olted States exports to-day .

.

Total visible supply 3.200.050 3,098.758 2,707,811 2.503,267Of the above,the totals of American fmd other descriptions are as toUowa r

American—Liverpool stock 429,000 413,000 303,000 363.000Continental stocks 154.000 127,000 100.000 75,000American afloat for Europe.... 727,000 525,000 736,000 511,26*

Janoart 13, 1888.1 THE CHRONICLE. 69

lS8i.012.812277.3.W14,000

18S089.^.36031^2.34310,000

1893. 1882.

United Stfttes Btook 080,687 I,137.12.^

United States Interior 8tock(.. 339.«iC0 390.783Onited8UteaoxporUt<xlfty.. 17,800 18,000

Total American 2,S08,156 2,610,908 2,109,171 2,213,018Kait Indian, BroMil, die.—

Liverpool atook 270.000London stock 80.000Oontlnentiil stocks 92.000India afliiiit for Europe 97.000B«7l>t, BraiU, <ko., atloat 62,000

199,00040.700

110.150133.00045,000

110.00031.00036.mo82.00028,000

139,00047.32331,33551.27922,312

Total East India, Ao 601.!>00 487.850 209.610 293.249Total Amerloan 2„'»98.15G 2,610,903 2,108.171 2,213,018

Total visible supplyFrloe Mid. Upl., Uverpool

.

.3,200.056 3,098,758 2,707,811 2,506.267

. Sllisd. eUigd. 6»8;1. 7>8d.

t3P~The imports into Continental ports this week have been

46.000 bales.

The above flares indicate an increase in the cotton in si^ht

to-night of 101,298 bale."* as compared with the same date of 1882,

an increase of 492,245 bales a-s compared with the corres-

ponding date of 1881 and an increase of 693,789 bales as com-pared with 1880.

QnoT.^Tioss FOB MtDDLraa Cottos' at Othek M.^RKETg.—In

the table below wa give the closiop quotations of middling

cotton at Southern and other priacipal cotton markets for each

day of the past week.

Week ending CLOSDtO Q0OTATIOS9 FOB MIDDLING COTTON' ON—Jan. 12.

Batur. Mon. Tae*. Wednes. TKurs. Fri.

Galveston.... 9»8 959 9% ^^ S^ 9\New Orleans. 958 958 9=9 9=8 95a 9»9Mobile 9''l8 913 9>s giss^a 95a 959Bavannab 93l« 9k 9>4 9'4 914 914

Charteaton... 9^ 9\ 9^ 9!^ Oh 9^Wilmington.. 9'a 9>a 9=8 958 959 959Norfolk 99l9 9»|»,®»8 93,„ai>8

1038958 959 959

Boston 103^ 10% 1038 1039 1038Baltlmo:-e. .. 10 10 10 10 10 10Philadelphia. lOia lOig lOifl lOifl lOia lOijAugusta QH-aiH 9'^9H 9i8a'4 9H OH 914Memphis.. .. 938 91a 9>fl 912 91a 91aBt. Louis 9>a 9^ 0^ 9l8 91a 91aCincinnati . .

.

919 S^ 9>s 91a 913 piaLouisville 9H 9ifl 91a 9>a 0^ 9\,

Bbowpts prom thb Plantations.—The following table is

prepared for the purpose of indicating the actual movement eachweek from the plantations. Receipts at the outports are some-times misleading, as they are made up more largely one yearthan another at the eipen.se 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 or

Southern consumption; they are simply a statement of theweekly movement from the plantations of that part of the cropwhich finally reaches the market through the out-ports.

RECEIPTS FROM PLANTATIONS.

WeekenMnf—

Oct. 21

Nov. 3' 10 ,

' 17. ...

" 81

Oee. 1

" 8" 15.. ..

" 82" 29

.Jan. 5" 12 ....

«54,S30 210,587

28 1.763 225.385

Receipts at tfu Port*.

aO-'Sl. '8I-'82.

815,812

250,615

205.193

213,341

•il3.137i

238.490

237.9SD

198.435

110.735

129,604

233,320

433,462

232.210

222.170

238,844

SVk atlnterior Tovma.

'dO-'81. '81-'82.

284,618 8 !3,834

'32-'f3.'82-'8S. '80-'ai.I'iJt-'82.r82-'83.

241,-33 200.57;!251,532| 139,317

25«.n23'340.562j290,140 I75.0ii2

262.2J1 283.258'322,I6l!21 1,740'233,538'265 .341 1298,899

Rec^ptt from PlanVru

250,018

282,755' 263,893! 292.398

259,154i28l,502l345,70(i

,000

287,7171393,080

303.003 115.599

242.169 231,470 367255.097 '?ii'!-:\r:\'.

217,01-

211,578 262,015

208.855'2.J3.170

200.624 25!,f23

I52.429'224,9a7

114.3631 175,3S2

244,128 474,922 25:,007 201,537

259, 1 73 20S. 1 06 253,5701 257 ,221

336,8021 14'!,53t)

353.437j

457024 338,993

39S,026j46e.5*6 379,855

337,664 453,6:0|383,ai7

301»,65ol 135.060l38i.243

275,700 22i,532|248,106|27I,623

291,376

299.528 272,3191271.513 270,167

254,635 218,343 295,635

203,973 210,186

85.374 139,502

101,490l 96.259

294.7i'5

228,789

171.983

The above statement shows—1. That the total receipts from theplantations since September 1, 1882, were 4,225,604 bales; in

la31-82 were 3,890,035 bales; in 1880-81 were 3,965,150 bales.

2. That, although the receipts at the out-ports the pa-st weekwere 175,382 bales, the actual movement from plantations wasonly 171,983 bales, the balance being taken from the stocks at

the interior towns. Last year the receipts from the planta-tions for the same week were 96,259 bales and for 1881 theywere 101,490 bales.

Amoust op Cotton in sioht January 12.—In the table belowwe give the receipts from plantations in another form, andadd to them the net overland movement to January 1, andalso the takings by Southern spinners to the same date, so as to

give substantially the amount of cotton now in sight.

Receipts at the ports to January 12 bales.tuterior stocks in excess of Sept. 1 on Jan. 12.

Total receipts from plantationsNetoveiland to January 1Southern consumption to Jauuury 1

Total In sight January 12.

1882-83.

3,861,941363,763

4,225,601413.082130,000

1,768,636

1881-82.

3,500,110339.625

3,d90,035323,510100,000

4,313,543

It will bo seen by the above that the increase In amount In sightto-night, as compared with last year, is 455,111 bales.

Weather Reports by Telegraph.—The temperature has

been lower in the greater portion of the South during the^

week, and there has been rain in most sections, but the rainfal

has not in general been heavy. The coM and wet weatberhas interfered to some extent with the gathering and market<»ing of the crop,

Qalveston, Texas.—It has rained tremendously on two daysof the week, mainly confined to the coast. The rainfall reached

three inches and ninety-seven hundredths. Very little pick-

ing has been done anywhere in the State. The thormomet«r

has ranged from 23 to 60, averaging 47. The annual rainfall

at Galveston for the past five years was as follows : For 1882,

55-43 inches; 1881, 51-98 inches; 1880, 00-97 inches; 1879,

28-90 inches ; 1878, 60 90 inches,

Indianola, Texa*.—The weather has been cold and foggyduring the week, with a shower on one dsvy. The rainfall

reached twelve hundredths of an inch. Average thermometer43, highest 61 and lowest 35. The annual rainfall at Indianola

for the past five years was as follows : For 1833, 45-34 inches

;

1881, 37-63 inches ; 1880, 48-10 inches ; 1879, 26'73 inches ; 1878,

37-74 inches.Dallas, Texas.—We hav« had no rain during the week bat

the weather has been cold. The thermometer has averaged

43, the highest being 68 and the lowest 17. Total rainfall in

1883, 55-69 inches.

Brenham, Texas.—We have had drizzles on two days of

the week, the rainfall reaching three-hundredths of an inch.

The weather has been cold. The thermometer has averaged

40, ranging from 15 to 65. Total rainfall in 1883, 3704 inches

Palestine, Texas.—It has been showery on two days of the

week, the rainfall reaching sixteen-hundredths of an inch.

The thermometer has ranged from 21 to 67, averaging 44.

Total rainfall in 1882, 39-99 inches.

Huntsville, Texas.—We have had a shower on one day of

the week, the rainfall reaching ten-hundredths of an inch.

The cold and damp weather interferes with work. Averagethermometer 43, highest 63, lowest 33.1iTotal rainfall in 1882,

36-75 inches.

Weatherford, Texas.—It has rained on one day of theweek. The weather has been very cold. The thermometerhas averaged 43, ranging from 17 to 68. Total rainfall in 1883,

30 inches.

Belton, Texas.—We have had no rain during the week.The thermometer has averaged 49, the highest being 71 andthe lowest 28. Total rainfall in 1882, 31 inches.

Luling, Texas. —It has rained one day of the week, the rain-

fall reaching five hundredths of an inch. Very little work of

any sort is being done. The tliermometer has ranged from 24

to 69, averaging 47. Total rainfall in 1882, 29 inches.

New Orleans, Louisiana.—We have had rain on four daysof the week, the rainfall reaching one inch and thirty-eight

hundredths. The thermometer has averaged 56.

Shreveport, Louisiana.—Telegram not received.

\icksburg, Mississippi.—It has rained on two days of theweek. We had a slight fall of snow on Monday night. Theweather is now cloudy.

Columbus, Mississippi.—It has rained on three days of the

week, the rainfall reaching two inches and twenty-eight hun-dredths.

Little Rook, Arkansas.—Telegram not received.

Memphis, Tennessee.—We have had rain on four days ofthe week and light snow on two days. The rainfall reachedsixty hundredths of an inch. Bad weather has interferedsomewhat with the marketing of the crop. Average ther-mometer 36-5, liighest 50, lowest 16.

Nashville, Tennessee.—It has rained on every day of theweek, the rainfall reaching eighty-two hundredtlis of aninch. The thermometer has ranged from 16 to 54, averagintr31.

Mobile, Alabama.—It rained severely on one day andwas showery on two days during the early part of the week,but the latter portion has been clear and pleasant. The rain-fall reache'd one inch and sixty-five hundredths. Average,tliermometer 52, highest 73 and lowest 28.

Montgomery, Alabama.—We have had rain on three days,and snow on one day of the week, the rainfall, includingmelted snow, reaching one inch and sixty-tiiree hundredths.We have had no frost during the week, but the tempei-aturehas on three days been below freezing point ; very cold to-day. The cause of the small receipts is reported to be badroads. Tiie thermometer has averaged 49, the high^st being71 and the lowest 26.

^Belma Alabama.—It has rained on one day of- the weefc^

the rainfall reaching one inch and eighty-threa hundredtlis.One inch of snow fell here during the ^«ek. Tho badroads liave caused receipts to fall on this iveek. The thet-t

mometer has ranged from 25 to 63, averaging 44.

Madison, Florida.—Telegram not rsowved.Macon, Georgia.—li has rained on foiu- days of the week*

Tlie thermometer has averaged 50j ^auginjg from 26 ^,§5,

60 THE CHRONICLE. [Vol. XXXVI.

Columbus, Georgia.—We have had rain on two days of the

week, the rainfall reaching one inch and fifty-three hun-

«i»edths. The thei-mometer has averaged 45, the highest being

64 and the lowest 31.

Savannah, Georgia.—It has rained on five days of the weekand the remainder of the week has been cloudy. The rainfall

reached one inch and sixty-two hundredths. Average ther-

mometer 55, highest 74 and lowest 32.

Augusta, Georgia.—Vfe have had heavy general rain on

six days of the week, but the week closes clear and cold. Therainfall reached two inches and twenty-eight hundredths.

The amount of cotton in country waiting to be marketed at

this point is reported to be considerably larger than last year.

The causes for the small receipts this week are the bad roads,

recent bad weather, and that the fanners are holding on for

better prices. It is estimated that the receipts htre this season

•will be ten to fifteen per cent in excess of last season. Thethermometer has ranged from 27 to 67, averaging 49.

Atlanta, Georgia.—We have had rain on two days andsnow on two days of the week, the rainfall reacking twenty-five hundredths of an inch. The thermometer has averaged

41, ranging from 20 to 60.

Charleston, South Carolina.—It has rained on three daysof the week, the rainfall reaching one inch and forty-seven

hundredths. The thermometer has averaged 52, the highest

being 69 and the lowest 32.

The following statement we have also received by telegraph,

showing the height of the rivers at the points named at 3 o'clock

January 11, 1883, and January 12, 1882.

Kew Orleans feelow high-water markMemphis Above low-water mark.NashviUe Above low-water mark.Bhrereport Above low-water mark.Vlcksburg Above low-water mark.

Jan. 11, '83. Jan. 12. '82

Feel. Inch. Feet. Inch.10 7 4

. 8 3 29 7IS 42 414 10 13 917 6 38 9

New Orieans reported below high-water mark of 1871 until

Sept. 9, 1874, when the zero of gauge was changed to high-watermark of April 15 and 16, 1874, which ia 6-10th3 of a foot above1871, or 16 feet above low-water mark at that point.

India Cotton Movekbnt from all Ports.—We have duringthe past year been endeavoring to rearrange our India serviceso as to make our reports more detailed and at the same timemore accurate. Hitherto we have found it impossible to keepout of our figures, as cabled to us for the ports other thanBombay, cargoes which proved only to be shipments from oneIndia port to another. The plan we have now adopted, as wehave reason to believe, will relieve us from the danger of this

inaccuracy and keep the totals correct. We first give theBombay statement for the week and year, bringing the figuresdown to January 11.

liUMUA^r RECEIPTS AND SHIPMENTS FOE FOUE YEARS.

Tear

1883188218811880

Shipments this week.

Great Oonti-BriVn. nent

1.(0023,001,0001,000

Total.

11.000 18.0006,000,29,000

1,0002,000l 3,000

Shipments since Jan. 1.

Great Oonti-Britain nent.

13.000300006.0006,000

13,00016.0007.0003.000

Total.

26,00046,00013.0009,000

Receipts.

ThisWeek.

29,00028.00023,00017,00u

SinceJan. 1

56.00062.0( C39,01 C28.000

According to the foregoing, Bombay appears to show anincrease compared with last year in the week's receipts of 1,000bales, and a decrease in shipments of 11,000 bales, and theshipments since January 1 show a decrease of 20,000 baK-s.The movement at Calcutta, Madras and other India ports for thelast reported week and since the 1st of January, for two years,has been as follows " Other ports" cover Ceylon, Tnticorin,Kurrachee and Coconada.

Calcutta—18831882

Ma<lras—18831882

All others

—

18831882

Total all—18831882

Shipments for tfie week.

Great Oonti-Britain, rient.

3,5003,000

1,000400

4..5003,400

200

600

Total.

3,5003,400

1,000400

200

4,5004,000

8hipm.e7Us since Janutinj 1

.

GreatBritain.

8.5009,500

1,000900

1,0001,500

10,50011,900

Conti-nent.

700

200

900

Totkl

S.oOo10,201

1,00090^

l.COO1,500

10,50012,800

The above totals for the week show that the movement fromthe ports other than Bombay is 500 bales less than sameweek last year. For the whole of India, therefore, the total ship,ments since January 1, 1883, and for the corresponding periodeof the two Drevious rears, are a.t follows:

BIPOBT8 TO EOKOPB PROM ALL INDU..

ShUmientsto all Europe

from—

BombayAll other p'rts.

Total.

1883.

Thisteeek.

18,0004,500

ainceJan. 1.

26,00010,500

22,.'>Onl .16,500

1882.

Thisveek.

29,0004,000

33.000

SinceJan. 1.

46,00012,800

58.800

1881.

Thisweek.

1,000B.OOO

6,000

SinceJan. 1.

13,00(15,00<

28.00<

This last statement affords a very interesting compaiison of thetotal movement for the three yean at all India ports.

Alexandria Receipts and Shipjjbnts.—Through arrangement*

we have made with Messrs. Davies, Benachi & Co., of LiverpooJ

and Alexandria, we now receive a weekly cable of the movementaof cotton at Alexandria, Egypt. The following are the receipts

and shipments for the past week and for the coi responding weekof the previous two years.

AUxandHa, Eqypt,January 11,

Beceipts (cantars*)—This weekSince Sept. 1

1882-83.

100,0001.726,000

1881-S2.

110,0002,227, 5,i0

188C-81.

135,0002,005.000"

Exports (bales)-To Liverpool..To Contiiiont

.

This Since This Since This Sinceweek. Sept. 1. week. Sept. 1. week. Sept. 1.

13,0000,000

132,00045,593

Total Europe 22.000|179.000H21,319;218.029 12,471 177.583:

138,00041,000

10.000 141,00011,319 77.029

11.0001,471

« A oantar is 98 lbs.

This statement shows that the receipts for the week endingJan. 11 were 100,000 cantars and the shipments to all Europewere 22,000 bales.

Manchester Market.—Our report received from Hanehestez-to-night states that the market is active at lower prices, chiefly

on China business. We give the prices o( to-day below, andleave previous weeks' prices for comparison.

1882-83. 1881-82.

OotCti Ootfn32* Oop. Sk »». Mill 32» Cop. SH lbs. Mid.Twill. Shirtings. Uplls Ivnst. Shirti7igs. Vpld»

d. d. «. d. 8. d d d. d. R, d. s. d. d.

Nov 10 93;6a 9% 5 1Iisa7 6 6l8 914 ®10 6 6 ®8 II2 6fie•' 17 91,e® 914 6 1® 7 6 6Jfl 914*10 6 6 «8 lia 6«i«" 24 S's ® 9'3 6 3 ®7 9 6% 9% aioig ti 6 *S II3 61*

Dec. 1 S'e ® 914 6 3 a7 9 fi 939 aiiois 6 6 ®8 m 611,," 8 S's a &h 6 3 37 9 5">in 938aioi« 6 6 ®8 li« ti"!." l.T 8'8 ® 913 6 3 ®7 7'« oii-iB 914 aio 6 6 -38 6»16

6'1,«" 22 S'^e ® »^a 6 liaa7 7^ o'»if, 938® 10 6 6 ®8" 29 8i3,6-9'l6

8% ® !)38

liaa7 714 5^ 9% ®10 6 « -as 6"l*Jan. 5 « 1 ®7 7 .''"h 938 ®io 6 6 «i8 «»M«

'• 12 ssg ® 9M fi ®7 6 5"ii« 933 310 6 6 ®8 «"l«

Jute Butts, BAaoiNO, &o,—There has not been any change-in the position of bagging since our last report, and the marketcontinues quiet. The only business doing is of a iobbingrcharacter and has little effect on prices, which may be quotediabout as last. Holders are not forcing goods and only supply-orders as they come in. The close is about steady at 6%c. for1>6 lbs., 7Mc. for 1%, lbs., 8c. for 2 lbs. and 8%c. for RtaEdarSgrades. Butts are in about the same position, and scarcelyany business is doing. Buyers are indifferent and do not care-

to take mure than required for pre-eut wants. Prices are easy,,

and an offer for a quantity at a shade under quotation*would be accepted. At the close sellers are naming 2 5-16@>

2 7-16c. for paper grades, and 2}6@2%c. for bagging qualitiea^

Comparative Port Receipts and Dailt Crop Movement.—A compariHon of the port movement by week.s is not accurate-as the weeks in different years do not end on the same day ofthe month. We have cjnwquently added to our other standingtables a daily and monthly statement, that the reader mayeon.stantly have before him the data for seeing the exact relative-

movement for the years named. The movement each montli<since September 1, 1882, has been as follows:

MonthlyReceipts.

Tear Beginning September 1,

1882

Sept'mb'r

October.

Novemb'iDecemb'r

Totalyear 3,514.47:

Perc'tage of tot. pori

reoelpts Dec. 31.

326,6oG

980,584

1,094,6 17

l,112,53t;

1881.

429.77/

853,195974,01a

996,807

3,253,822

68-93

1880.

458,47ti

968,3181.006,501

1,020,802

3,454,099

58-80

1879.

333,643888,49J942,27-.'

956,464

3,120.871

6239

1878.

288.81-639,-36

.

779.237893.6«-!

!,651.013

59 00

1S77.

98.491'

578.533823,493-

900.11»

2.399,636

.1521

This statement shows that np to Dee. 31 the receipts at tbeports this year were 260,651 bales more than in 1881 and60,374 bales more than at the same time in 1880. By addingto the above totals to Dec 31 the daily receipts since that timewe shall be able to reach an exact comparison of the movemeutfor the different years.

Tot.Dc.31

Jan. 1

" 2....

" 3...

" 4...

" 5....

" 6....•' 7....

" 8...." 9....

"10....'• 11....

"12....

1882-83 1881-82. 1880-81. 1879-80. 1878-79. 1877-78.

3,514,473

49,366

35.48824.e5fi

29.181

33,895

34,7138.

39,653

19.749

26,949

25,77628.512

Total 3,861,841

Percentage of totai

»»f»rt -eo'-***' .T-'Ti 1 "^

2,854,160

73-49I

2,399,63S18,35130,23518,95T31,49120,(»5-

8.

31.76824,319'

17,40*19.32129.23227.093

2,667,862

6t-39

AKUAHY 18, I8f8.j THE OHUONICLR 61

ThiH Htateniriat hIiowh that the rtwalptA HinuH Sttpt. 1 ap to

"to-ni(fht are now 3!)2,>Sll baW in ire than th«y vmre to th« Ham«t

<U7 of thw month in iyS'2 and '2U,689 bales more than they wereto the Haiut< day of the month in 1881. We add to the table

the percenta^ek of total port recwiptM which had been received to

January IJ in each of the years named.

Thb Bxports of CoTros from New York this week show a' 4eereaHe, as compared with last week, the total reaching 12,594bales, a^ainnt 20.5'JO bales last week. B'tlow we t^ive our usualtable showing the exports of e>>ttoa from New York and theirdirection, foreauh of the lait four weeks ; also the total exportsftad direction siaea ijjptember I, iSS2, and iu the last columnihe total for the same period of the previoai year

BxPOBTSOr OorrON (BALES) FBOM MSW TOBC SINOH SEPT. 1. 1882.

Exported to—

Civorpool'•other BritiBli porta

'CoTALTo Great Britain

flavre-Otlier French porta.

JtoTAL Freuch

-Sremeu and Hanover

.

•HamburgOtlier porta

Total TO North. Edropk

^paln,Op'rto,atbralt'r,fcAll other

TIMTAL Spain, &o .

•Oband Total

Week endiTtg—

Dee.

10,.'-.14

200

10,714

300

300

3(151,1032,083

3,536

513438

986

15,556

Jan.4.

13,871'r

13.871

234

,107100

17,207

233

231

952913

1.703

233

40.1250

2.430

3,493 3.080

17.603 20.520

Jan.11.

8.985

8,985

142

257.6223.426

261,018

18,310100

112

491707

2,179

3,467

12.591

Totaltinee

Sept. 1.

Sameperiodprevi'uiyear.

18,440

30.00222.90338,322

91,227

2,4424,234

6,676

377,391

150.6953,458

154,153

15,074

15,074

17.29012.3673,516

33,173

837

837

203.23T

Thb FoLLOwiN.i arb the Gro?? Rbobipts of Cotton at NewYork, Boston, Philadelphia and Baltimore for the past week,a,ud since September 1, 1882:

Beeeipttfrom—

3X. Orl'ansTexasSavannahMobile...norida .

.

>8.Car'llnaN.Car'UuaVIrslnia..North, ptsTeDn.,&o.•foreign .

.

Tblayear

>Iiast year.

Ifete York. Boston.

TillsISince

week. {Sept. 1.

5,98i 110.3213.168 100,4178,361116,898

'.'.'.'.'.'.] 6.4184.747 103,191988 3.1,419

5,524 131,5241

toeek.

1,500

ameeSept. 1.

6.50537,881

Philadelphia.

This Sinceweek. 'Sept.l.

966 10,55:

8,026 76.5861,239

2.7457,7789,0771

33.51177,12785,392

30,801 71,5,016121,100 210,416

149 6,103

i',968 so'sbs

2,247

5,330

56,686 771,972|18,653.249.2361 3,809

33,649

81,112

51,478

Ballijnore.

Thisweek.

2,515

1781.2414,852

10,217

SinceSept. 1.

52,209

14,7329,757

71,252205

21,645

19,006|169,900

7.536ll41,5l6

The particalars of these shtpmentfi, arranged in oar asaalform, are as follows;

Bremen Amsler- Oolt-lAvtr- <( Ham- dam it en- Sebat- Baree-pool. Havre, barg. Aniwerp.burg. topot. tona. Total.

Mew York.. 8,935 142 1,283 2,179 12.994N. Orloaua. 50,529 10,123 2,233 18,217 799 Bl,93HMobile 2.550 SJiAOOliarleatoQSavannah..TuxiuiWlliiiiiiKtoii

Norfollc....Baltimore..BohtonPhlladolp'a

1,02S 470 1,4952.162 4,500 13.221) ...»•. 8,875 23,360

14.052 3,529 4,2»S 1,280 23.1,561.016 4,918

12,429 ...... 12.4294.0S1 4.0818,3S7 28 8.4153,000 3,000

Shippiho Nbw3.—The exports of cotton from the Hnited^St«te.s the past week, as per latest mail returns, have reached177,838 bales. So far as the Southern ports are concerned, theseare the same exports reported by telegraph, and published in

tae GffRONicLB last Friday. With regard to New York, weiiiicla£« the manifests of all ve-ssels cleared up to Thursday' nisbt of this week:

7'oial batex.

:«IMW York—To Liverpool, per ateainer.s Ailriatic, 1,647 Ari-zona. 674... .Biitiiimic, 2,459. ...Gallia, 1,270. ...Helvetia,l,,Tl7....LalieNepigou. 1,418 8,9?5

To Havre, per Rte.amer Pcri'irc, 142 112To Bremen, per steamer Oder, 491 491To Hanibuife', per steamer Ocllert, 797 7i>7

To Amsterdam, per ateaiuar Jasou, 138 138To .\nt\veip, per steamer Waesland. 2,011 2,011

Mkw urlbans—To Liverpool, per steamers Brankelow, 5,930Briscoe, 7,0I4.,..Kdiiardo. 4.900. ...Gallego, 5,200 ...

Guilford, 5.300-... Knight or St. Patrick, 5,594.. ..Orion,4,583 Persian, 5,200 Vindolano, 4,295 WestIndian, 2,513 50,529

To Havre, per stenmers Diadem, 4,570 Flaohat, 4,010Newniiuster, 2,950 Sunbeam, 4,,598 16,128

To Antwerp, per steamer Cameo, 2,233 , 2,233To Sebastopol, per slcameisAshburne, 7,022.. Cyprus, 5,225 12,247To Barcelona, per barks Cavieees, 50O....Peplta, 299....... 799

Mobile—To Liverpool, i>erbaik Arcadia, 2,550 2,550Charlbston—To Gottenliiu;;, per liaik Albatross, 1,025 Upland 1,025

To Barcelona, per brig Llorct, 470 Upland 470Savannah—To Liverpool, per bark Christian Scriver, 2,162

Upland 2,102To Havre, per ship Success, 4,500 Upland 4,500To Bremen, pt-r bteamers Annie, 6,005 Upland Athens,7.224 Ui>land 13,229

To Baveelon.a. per bark Barcelona, 3,375 Upland 3,375XsxjlS—To Liverpool, i)er steamers Ardai»e^»rrach, 3,700

ilorace. 3,879 Prince Sollykofl", 3,453 per barksAnina, 813. ...Edmund Rlchanlaou, 918....Fania, 1,259.. 14,052

To Havio. per steam r 8hil<lon, 3,529 3.529To Bremen, per steamer Menzaleh, 4,295 ; 4,295To Amsterdam, per bark Vclox, 1,280 1,280

Wilmington—To LiverpiM)!, per barks Ja.sva, 1,800—J. T.Smith, 1,473....Thinca, 1,643 4,916

HOEFOLK—To Liverpool, per steamer Pedro, 1,200 per shipEdward O'Brien, 8,753. ...per bark Harry Bailey, 2,476.. 12,429

Balti.mork—To Liverpool, per aU'anier Vesta, 4,081 4,081Boston—To Liverpool, per steamers Norseman, 2,849.. ..Pales-

tine. 1.976. ...Venetian, 2.190.. ..Victoria, 1,372 8,397To .\.ntwerp, per steamer Hermann, 28 28

Philadei.imiia—To Liverpool, per eteamors Illinois, 1,000....Lord Oough, 2,000 8,000

Total M M.... 177.833

Total.. 111.09121,299 18,812 5.720 1,025 12,247 4.644 177.833

Below we add the clearances, this week, of vessels oarryinsfcotton from United States ports, bringing oar data down to thelatest mail dates:

Galveht<in—For Liverpool—Jan. S—Steamer* 8o»w Pell, 9,604; Tegeo.5,401 Jan. 8—Steamers Abana, ; Fannie, .

For Sebastopol—Jan. 5—Steamer R.jm Tubraueo, 4,210.New Orleans—For Liverpool—Jan. 5—Steamers Bi ema, 4,163; Espano),

3,100; Etna, 3,198; Pecoiiie, 3,720 Jan, 6—Steamer Eugneer.6,294 Jan. 10 -Steamers M«diator, ; Oamanli, .

For Grimsby—Jan. 9—Steamer StolzenfeN, 6,460.For Havre—Jan. 6—Steamer Rouen, 7,855 Jan. 10—SteamerFdurnel, 2,072,

For Bremen-Jan. 6—Steamer Darlington, 3,795 Jan. 10—SteamerCamellia, ,

For Genoa—Jan. 5—Bark Conqulstatore, 1,917.MoniLE—For Havre-Jan. 8—Bark Rebus, 3,0(X).S.AVANNAH—For Liverpool -Jan. 5—Bark Capenhurat, 2,000. ..Jan. 11

—

Bark Xikoma, 2,953.For B.vrceloua—Jan. 0—Bark XII de Juuio, 1.900.

Charleston-Po.- Liverpool-Jan. 6—Bark Mary Jane, 2,250. ..Jan. 9

—

Bark Marco Polo, 1.175.For Havre—Jan. 6—Bark Jebra, 1,784.For Bremen—Jan. 6—Steamer Egypt, 3,833 Jan. 9—SteamerSpartan, 5.3,50.

For Oheot—Jan. 5—Bark Zuleiraa, 1,525,ForBarcelonn—Jan, 8—Bark Anibal, 1,010,

WlLMINfiToN-For Liverpool—Jan. 5—Bark Geo. Davis, 2.303.For Queeustown or Falmouth, for orders— Jan. 8—Bark Marie, 1,713.

Norfolk—For Liverpool—Jan. 6—Bark .Maiden City, 3,320,Boston—For Liverpool -Jan. 3—Steamer lllyrian, 1,314 Jan. 5

—

Steamer Atlas, 1,429—Jan, 6 -Steamer Iowa, 1,970 Jan, 10

—

Steamer Nova Scotian, .

Baltimore—For Liverpool-Jan. 8 -Steamers Thanemore, 2,070, Serra,1,800 Jan. 10—Steamer Ontario, 4,732.

For Bremen— Ian. 6 -Steamer Eoln, 1,615.Philadelphia—For Liverpool—Jan. 5--Steamer British Queen, 2,500.

Below we give all news received to d*te of disasters to vessels

carrying cotton from United States ports, &e.

:

Bertie, steamer (Br.), from Charleston for Bremen, caught Are along-side the wharf at Bremen, January 3, The tire was extinguishedwith slight damage.

CiTr OF Brussels, steamer (Br.), Land, from New York, December 38,for Liverpool, was run into during a f.jg, Jan. 7. and sunk off theMersey, by steamer Kirby Hall, from Glasgow for Liverpool.The Uity of Brussels was cut down to the water's edge about hallthrough, and sunk in about twenty minutes after the collision.

Her mails were landed at Quecnstown 6 A. M. of Jau. 6, IncludedIn her cargo were 816 bales of cotton, 63 bales of which had beentransferred from the City of Berlin, The chance of her beingraised is extremely doubtful.

Camilla, bark (Nor.), loading at Charleston, for Liverpool, caught fire

afternoon of Jan. 10, and twenty bales of cotton were damaged.The cotton was stowed iu the cabin and was entirely separatefrom the cotton in the hold, consistmg of about 1,300 bales. Thedamage to the vessel is slight, and the bulk of the cargo la thougnt;

to bo free tiom damage by water.

Cotton freights the past week have been a'? follows-

Satur. Hon. Tua.

3i8®n64

Wednes.l Thurt. PH.

Uverpool, steam d. "(il-l'M Sieaiiei ^igSinu SiaaiTg^Sjj®;?,^

Do 8all...<i.

Havre, steam.... c. Tia* ^Is* 7"l8' •it' Im- 'U*

Do sail c.

Bcemen, steam, .e. "sa- >S«1'S2" ^^>i^3i• •aa"33' laai'sa* i^^n^

Do sail c.

Hambtirg, steam.rf. ls' »9* "a* 'a' VDo sail. ..(2.

Amst'd'm, steam.c. •ii* »ie" •is* »'i«* »it* »w-

Do 8aU...<J.

Baltic, steam

—

d. 38* %• %" V 38,' V.Do sail e.

Barcelona.ateauLC.

Genoa, steam ...d.

v" v' ''8*

Vfa'

51-

v'3l'

« Compressed.

Liverpool.—By cable from Liverpool, we have the / oUowing

statement of the week's sales, stocks, &c.» a.t that »^ort. Waadd previous weeks for comparison^^ ^^

Sales of the week bales.

Of which exporters took—Of which epeoulatora took..

Sales AmericanActual exportForwardedTotal stock -EstimatedOf which American—Estim'd

Total import of the weekOf whlon American

Dee. 22.

55,0005,2001,840

40,00011.50020,000

556,000303.00099.00084,000

X>e«. 29.

(Lmountafloat 2?2'222)Of whloh American I 348,00<»^i

aa.0002,80q

81.00C,ll.VjOai,'joo

603 ,0003»'.i,000'.67,000129,000361,0003l8,u00

J»». 5.

43,0003,8001,670

32,5004,900

29,500710,000445,000119.000104,000367,000329.000

Jan. 12.

66.0007.3003.700

49,0004,H0O

25,500699,0004 i!t,00080,00054,000

470,000425,000

The toue of the Liverpool marV^et for spots and futures each

day of the week ending Jan. ) 2, and the daily olosmg pneea

oi spot cotton, hate been ft^ fcilows.

='62 THE CHKONICLE. LVou xsxvi.

Spot.

Market, /

12:30 P.M5

Mid.npl'<]illia.0rrn8

BalesBpec.&exp.

lulura.Market,

\

12:30 P.M.j

Market,5 P.M.

Saturday

Dulland

easier.

5"l«

8,000500

Steady.

Qniet.

Monday.

Dull.

5"ia513i68,000500

Barelysteady.

Tuetday.

Dulland

easier.

5l3i6

8,0001,000

Weak.

Streng.

Wednei.

Steady.

^\>5l3i8

12.0601,000

Barelysteady.

Ihurtd'y.

Dulland

easier.

5U,e513ig10,0001,000

Weak.

Weak.

Friday.

Pairdemand

freely met51I18

12,0002,000

Dull.

Steady.

The opening, highest, lowest and closing prices of futures at

Liverpool for each day of the week are given below. These

prices are on the basis of Uplands, Low Middling clause, unless

otherwise stated.

^^"Theprices are given in pence and Qlths, thus: 5 02 means 5 62-61(2.

and 6 03 means 6 3-64<i.

January ....

Jan.-Feb. ..

Feb.-Mar...Kar.-April..

April-May .

Hsy-June..Jnne..JuIy.

.

JaIy>AuK...AvKr-Bepl..Bept..Oct...

Sat., Jan. 6.

Open High Low. Clos.

a.

5405 30

5 40

5435 4S

5505 51

5 58

562

a.

5 40

5 3U

5 40

5 43

5465505 64

5585 63

<i.

5 39

5385 39

5 42

5 45

5485 53

5 57

5 61

a.

5 39

5885 89

5 42

5 45

5495585 67

6 61

Mon., .Tnn. 8.

Open High Low. Clos

a.

5395 39

5 40

5 42

5 46

5 50

5 54

5 58

5 62

a. d.

S 41 5 39

5 40I

5 39

5 42 5 40

5445 47

5 51

6 55

5 59

563

6 42

5 16

5 49

5 53

6 63

662

d.

5 40

5 40

6406425 46

5 49

6 63

9586 62

Taee., Jan. 9.

Open High Low. Clo$

d.

S405 40

5 40

5435 46

5505545585 68

d. d.

5 41 5 40

6 42[

5 40

5 42, 5 40

5 44 ' 6 43

6 49

6 52

5 56

5 59

6 02

5 46

5 49

5 53

558563

d.

5 41

5 42

5 41

6 44

5 48

5 52

5566596 02

JanasryJan.-Feb ...

Feb.-Mar...Mar.*April..

Apill'Msy..

Hay-June..Jane-July..

July-Aug...

AnK.-Sept..

8ept..0ct...

yfTpAnes,, Jan. 10.

Open. 3-i^h Low. Clos

d.

6 42

5 42

6 43

5 46

6 49

5 63

5 56

5 61

6{j2

d,

6 48

5 42

5 44

5 45

5 49

5545 57

5 61

6 02

a.

5435j(<i

5435 34

5 4S

5 52

d.

5 43

5 42

5 44

C456i95 53

5 56 5 56

5eO 5 60

Thnre., Jan. 11.

Open[Hwh Low. Clos

d.

5 42

5 42

5 43

6 45

5 48

5 52

056559563

5 42

5 42

5435455 48

6 52

5 56

5 59

6 63

d.

5 40

5 41

6 41

5 43

5 46

5 49

5 61

6 59

5 62

d.

5 40

5 41

6416 4.1

5 46

6 49

6545 59

5 63

FrI., Jan. 12.

5 40

5 40

5 41

5445 47

5 60

6545 59

6 62

d.

5 40

5 40

d.

5 39

538

Open High Low. Clos.

d.

5 39

63S5 40

5 43

5 46

5 49

5 53

5 58

6 61

5 41 6 40

6 44 ' 5 42

6 47

5 50

5 54

5 50

5 45

5 49

5 68

6 57

BREADSTUFFS.Feidat, p. M.. January 12, 18f3.

Flonr has advanced in response to an advance in wheat.

There has been a fair demand Tor the lower grades, but the

better brands have sold to only a moderate extent, and indeed

the transactions in all descriptions have been more or less cur-

tailed by the firmness of holders. To-day the market was qniet

for the better grades, while the cheaper brands sold well, andprices were generally firm.

Wheat has been in steady demand for export, and holders

have been favored by strong markets in Europe. Still theforeign trade has been restricted, as exporters claim, by therecent advance in prices here, which they state has nearly orquite obliterated the margin on Liverpool. Options have sold

. fairly, and at one time showed an advance, but latterly the^opinion gaining ground that the effect of the European floods

Iwd been to a large extent, at least, anticipated, and the Chicagomarket moreover showing some depression, prices here on mostmonVhs lost the advance, January however showing a fractional

advance compared with a week ago. The market was ^c.higher And moderately active; No. 2 red sold at $1 12)i for

January, f 1 13@$1 13^ fur February, $1 15^^®$! 15% for

March, $1 J7%®$1 llYa for April and $1 17«/i@$l 18 for May.Indian cora has been in fair demand for export at an advance

of 2c., and Isrge sales have been made on speculation. Anattempt to coiner January in Chicago has not thus far metwith any very marked success, though the fact thatsuch an attempt would be made, and that the grade of the re-

ceipts was running rather low, has caused many shorts to

cover. ' Still there has been weakness at the West within a dayor two, and the fact was reflected in the depression whichimmediately became noticeable ia this market. Thus, part ofthe advance of 1 @2«. which had taken place earlier in theweek has been lost. To-day Jhe market was fairly active atanAdvance of ^c j No. 2 mixed sold at C7?^@67J^c, for Januaiy,

66?ic@67e. for February, 66%c. for March and 660. for April,

with May quoted at 64%@64Mo.Eye has been firm but rather quiet. Barley has been quiet

but steady. Oats have been active at times on speculation, but

after some fluctuations have latterly taken a downward turn,

the demand for consumption proving only moderate. To-day

the market was firmer ; No. 2 mixed sold at 46 %c. for January

46%c. for February, 47@47>^c. for both March and April.

The following are closing quotations:

FLOUR.No. 2 spring.. .* DW. $2 40» 3 25No. 2 -winter 2 75a 3 35Superflne 3 003 3 75Spring wheat extras.. 4 009 5 00do bakers' 4 759 5 50

Wis. .fe Mien, rye mix. 4 753 3 50Minn, clear and stra't 4 00a 6 00Winter sUpp'gextras. 3 65» 4 35Patents, spring 5 75a 7 50Patents, winter 5 503 7 00

GRAly.

City skipping extras. $5 303 5 75Soutbem bakers' andfamily brands 5 359 6 75

Soutb'n sklp'g extras. 4 353 5 30Rye flour, superfine.. 3 353385Com meal-Western, &o 3 009Brandywine, Ao 3 753

Buckw'tflour.lOOlbs. 2 259

3 753 902 SO

Wheat—Spring.per busli. ICO 9109Spring No. 2 105 9109Ked winter 98 ®1 17Red winter, No.2 lOyigSllSiaWhite 80 91 IBWhite No.l ] 1013 9....

Com—West, mixed 63 9 69West. mix. No. 2. 693i9 71White 65 S 70Yellow 05 9 70

Buckwheat 19 75

Rye—WesternState & Canada.

.

Oats-MixedWhiteNo. 2 mixedNo. 2 white

Barley-Canada No. 1....Canada bright...Canada No. 2State, 4-rowed...State. 2-rowed...

66 968 9

45 946i3»46 »48 e48>4

7072

47511a

981 02909081

• ICO»

9284

The movement of breadstuffs to market is indicated in thestatements below, prepared by us from the figures of the NewYork Produce Exchange. We first give the receipts at WesternLake and Kiver ports, arranged so as to present the comparativemovement for the week ending Jan. 6 and since Aug. 1 foreach of the last three years:

Receipts at-

ChicagoMilwaukee

.

ToledoDetroit... .

Cleveland...

St. Louis . .

.

PeoriaDuluth

Tot. wk. '83

Same wk. '82

Same wk. '81

SinceAug.l—1882

1881

1880

Flour.

BbU.lOeibs

85,979

78,278

1,069

4.018

1,520

21,073

725

iiiu?l.60 lbs, Siuh.56 lbs

345,575

205,667

142,214

88,400

14,500

183,35'

450

45,000

193,260 1,000,258

181,198j 574,272

170,620 806,351

4,760,740

3,!>44.182

4,101,063

51,817,672

20,132.747

54,802,047

1,094,398

17,140

148,099

11,499

38,000

316,750

299,950

1,924,836

1,232,277

1,290,840

35,S40..'i87

61,134,675

63.215,155

Su>ll.S2 IbsiBush .48 lbs

678,784

43,920

53,696

13,708

18,00OJ

25,7761

102,075'

Barley.

103,495

168.620

2,300

14.087

4,900

00,M612,000

934,500! 426,437

492,019J 872.206

480,1011 303,645

26,S88,5«-i 9,000,686

16,837.502' 8,104.038

22,065,155' 8,610,094

Rue.

Bnsh.S6 Wa51,037

17,456

2,671

18,97»

13,000

97,140

48,275

47,8«a

2,498.210

2.764.794

2,536,611

The comparative shipments of flour and grain from thesame pons from Dec. 25. 1882, to Jan. 6, 1883, inclusive, forfour yearf, show as follows:

1882-83. 1881-82. 1880-81. 1879-80.Flonr bbla. 529,911 252,720 343,368 278,768

Wheat hush.ComCatsBarleyKye

616.3282,619,2t!31,051.792428.33773,210

550,8141,422,772745,211331,203U4,G00

327.8931,3!- 5.5.55804,795354.910111.770

362,186a,840,410

550,iil7119,81293,119

Total giain .. 4.818,950 3.144.600 3,684,934 2.467.444

Bslo\' «,re the rail shipments from Western lake and riverports for four years:

1883. 1882. 1881. 1P80.Week Week Week WeekJan. 6. Jan. 7. Jan. 8. Jan. 10.

Flonr... bbls. £66,747 113,162 157,687 114,811

Wheat.. <„ nsh. 231,276Com..., .., 1,174,'J72Outs 478.7'.',SBarley 204.339Sye 31,314

314,273671,389337,277118.2H.^44,363

548,538780,601477,404176,89453,016

183.500763.13931 '2.53759,43447,087

Total 2,119.929 1,485,572 2.030,453 1,370,697

The rail and lake shipments from same ports for last fouiWeeks were:

Week Flour,ending— ot>ts,

Jan. 6. ..266.747Dec. 30. ..£63.161Bee. 23. ..170.950Dec. 16... 207,596

Wheat,bvph.

250,973395.350292.300303,544

Com,bush.

1 ,320,090l.'-'99,1931,033.006997.591

Oalt,httsh.

491.501560,291402,403352,168

Barley,bush.204.3392'.'3,998

131,753193,583

Rye.bush .

31.31441,996:.6.70438,235

701,673 138,249658.897 182,f 30

rot.,lw. 903.457 1,24'2.233 4.654,883 1,806,368iw'is 82. .438,301 1,119,301 3,347,636 1.444,4 1'J

The receipts of flour and grain at the seaboard ports for theweek ended Jan. 6, follow:

Flour,At bbls.

New York 182,.t67Boston 63,349Portland 1,200Stbntreal 0.164Philadelphia... 18,547Baltimore 12,000New Orleans... 11,069

Wheat,bush.

564,0007'i,57n82,9615,400

105,300260,950

Com,bush.

604,946370,449

8,2005S0

133,000349,10071,010

Oats,bush.

263,81298.4502,8504.300.000

Barley,bitsh.

53.9006,900

1.95014,500

13.500 2,50025,518

Rye,bush,

12,642l.SOO394,000500

Totalweek... 294,896 1,091.786 1,512,25,-) 403.4G0 77,210 1.5,538Oor. week '82.. 1^8,077 428,278 407,596 ' 366,958 55.435 1,930

Jaruart 13, 1883.J THE CHRONICLE. 63

The total receipts at the same porta for the period fromDeo. 25, 1882, tu Jaa. 6, 1883, compare as f jllowii fur foaryears:

1882-93. 1881-32. 1880-81. 1879-80.rioar bbU. 063,178 400.612 .t08,834 226.534

WhMrt.Onm....OaU...,Barley.Bye....

.boab. 2.090,7702.839.093850.764173,15329,536

911. 1)031.311,792704.421207.91211.164

5,983,380 3,147,192

1,602.0322.l60,2i(3547,6181S7.6I166,203

4,568,787

915.257],7S()..'S39

291.530104.71516,702

3.114,803Total Ki-ain .

The exports from the several neaboard porta for week endiDKJan. 6, 1883, are shown in the annexed statement:

Exportsfrom—

New YorkBoston,Portland

.

MontrealPhlladel..Biiltim'reN.Orl'na .

Total w'lt.

8'rae tlmr1882

Flour, Wheat. Com. OaU. Sye.

Bbtt.163.88651,508

500

0,1656,883872

JUtsh.491.549118.14084,000

18.i88466,321316,157

Jtiiah.

239,82!)56,304

60.8*7414.07329,474

Bush.1,407

"iijo

Bitsh.12,380

493

232,814

61.111

1,491,355

570.329

800,367

423,499

1,807

1.863

12,882

42,911

Peof.

Bimh.3.316

8,878

40

12,234

40,196

The destination of these exports is as below. We add thecorresponding period of last year for comparison:

Sxporlnfor weekto—

Uo.King.Contin'ntS.&C.AmW. IndiesBrit. Col'sOth.c'nt's

Total.

Flour.

1883.Week,

Jan. 6.

Bbls.170,22013,83613,80629,3514,942659

232,814

1882.Week,

Jan. 7.

Bbls.29.8995,2169,2087,0048,6151.169

Wheat.

1883.Week.Jan. 6.

Bush.660,02'i806.82720.000

7,500

61,111 1,494,355

1882.Week.Jan. 7

Bush.384.272160,057

1,500

24,500

570,329

Corn.

1883.Week,Jan, G.

Bi<sh.767.79724.4021.6665,473

1,030

800,367

1882.Week,

Jan. 7.

Bush.294,897104,740

4.27017,944

1001,548

423.499

By addinr this week's movement to our previous totals wehave the following statement of exports since September 1, thisseason and last season.

r

Xxvorta sinc€

Sett. 1. ta-

T7n. KingdomCoottaient . .

.

S. 4 C.Am...West Indies.

Brit. Col'nles

0th. countr's

Total..

1888-83.

Sevt. 1 to

Jan. 6.

1881-82.

Stpt. 1 to

Jan. 7.

BbU.2,583,1591

293.521

281.657

382,816

273,114

15,098

Bbls.

1.073,484

77.391

848.017

232,090

23S.911

17,040

3.779.365 l,8K3.ftt2

Wheat.

1882-83.

Sept. 1 to

Jan. 6.

Buih.20.219,774

10.054,812

64.820

28,325

7.806

192,945

.S7,lfl8,512

1881-82.

Srrt. 1 to

Jan. 7.

Bush.

17,040.366

S,874,S80

3,380

16,725

200,268

Corn.

1882-83.

Sept. I to

Jan.O.

Bush.

3,547,878

311,939

84.207

161.166

45.375

38.556

i 3,135. 109^ 4,237,122

1881-82,

Sept. 1 to

Jan. 7.

Bmh.12.559,417

2,604,267

208,974

213,043

62,060

30,373

l.'i,07K,134

The visible supply of grain, comprising the stocks in granaryat the principal points of accumulation at lake and seaboardports, and in transit by rail and water, Jan. 6, 1S83, was asfollows:

Tn store at—Kew York

Do. afloatAlbanyBuffalo

" afloatChicagoMilwaukeeOulatbIbledoDetroitOewegoSt. LouisBostonTorontoHontrealPhiladelphiaPeoriaIndianapolisKansas CityBaltimoreDown Mississippi.On rail

Wheat,bush.

6,052,22220a.00024.000

1,199,;39

5,380.641934,329963,056798,86958!',691180.000748,931216.3C6214.600230.490680.468

9.569220.500250.142

1,115.13519.702

363.060

Corn,bush.

1,194,483510,00060.30029,9.-'2

Oall,bush.

845,42698.000

115.00032,199

Barley,hush.93,737

310,000210.030•425,519

3,05S',91S 1,644,4( 650,878

447.63214.56380,000

939.83756,793

8,000225,144211.79053.000

203.813329.355145.S1S

l,607,33ci

2,388

239.69327.4572,000

39.826153.055

2.1586;^,«84

175,352279.54915,00012,530

8,0321'.711

5,65022,751

800.000102.11528,760

180.79813,142

8',810

12,773665,492

Jtyf,

bush.232,376288.00042,00040,02990.000438.99350,737

14 ',860905

88.00046,H37

70030,9424,86G

91 '2 1515.50020.775

279,005 45,213

Tot. Jan.Tot. Doc.T\it. Deo.Tot. Dec.Tot. Dec.Tot, Jan.

6. '83.21,313,53030, '82.21.048,01723, '82. 20.fi 14.53716, '82.19.731.4379, •82.'.;0.190.0J4

9,229.141 4.423.588 3,004,030 1,511,9789.104.137 4.423,379 3.040.154 1,470.0858.233.401 3.262.8S5 3.021,416 1.307.1707,407,700 2,909.462 3.002.0S4 1.277,9967.020.153 3,068.223 3,108.066 1,241,652

7, '82.17,530,421 16,426,381 2,628,193 2,813,533 1,218,964

THE DRY GOODS TRADE,Feidat, p. M., Januaty 12, 1383.

The market has shown rather more animation the past week,

owing to the arrival of a good many wholesale buyers from

distributing points in the West, South and Southwest, but

there was no material increase in the volume of business,

stormy weather having checked the demand for most descrij)-

tions of spring goods. There was a steady movement in stapl-'

cotton and woolen goods, hosiery, underwear, &c.. on accoant

of former orders, but new business in snch fabrics was only

moderate, and there is not the least tendency toward specula-

tion in any class of merchandise, notwithstanding the low

prices prevailing at present. Values remain unchanged, and

such goods as govern the market are steadily held in first

hands.

Domestic Cotton Goods.—The exports of cotton goods for

the week were 3,917 packages, including 1,139 to Great Britain,

700 to China, 342 to Brazil, 181 to U. 8. of Colombia, 166 to

Hamburg, 148 to Hayti, &c. There was a steady but moderate

demand for plain and colored cottons by jobbers and converters,

but no special activity 'was noticed in any particular class of

goods. Cottonades were more sought for, but transactions

were light in the aggregate, and cheviots continued quiet andunsettled. Print cloths were in moderate demand, but weak,

closing at 3%@311-lGc. less 1 per cent for 64x643 and3j^@3 3-16o. for 54x603. Fancy and phirting prints were in some-

what better demand, and some fair parcels of drtiss ginghamawere shipped " on memorandum," subject to opening prices

which have not yet been fully determined upon.

Domestic Woolen Goods.—There was a strictly moderatedemand for men's-wear woolens at first hands, but fair deliveries

of all-wool and cotton-warp cassimeres and suitings were madeby agents on account of back orders. Worsted coatings were

also distributed in like manner to a fair amount. Spring

cloakings have met with some attention from manufacturers

and the trade, and fair sales were reported in leading makes.

Kentucky jeans ruled quiet in the regular way, but a few liberal

purchases were stimulated by low prices. Shawls and skirta

were seasonably quiet, and the demand for flannels and blankets

was comparatively light; but spring dress fabrics and Jersey

cloths met with a fair share of attention, and some considerable

transactions were reported—for future delivery.

FoREiQS Dry Goods,—There was a slightly improved call for

imported goods at first hands, but business in this connection

was by no means active. The feature of the week was a pe-

remptory auction sale of Hamburg embroideries, which found

ready buyers at good average prices.

Importatloua of Dry Good*.

The importations of dry goods at this port for the weekending Jan. 11, 1883, and since January 1, and the same facts

for the corresponding periods of 1882, are as follows:

o

2 »

3 |:

i: : : S

: T

QL-IO

cccc

ccrf*. —xo(*- e o-« c a.

03 UC O '.0 L3

r- (C IC *k CO

"J »ow -^O0C-*CSQDO

OTW ! M

— X I -J » to tC CO

COIto

© n- CO

-J I ca^ i "^'w

tO*«-M>^^**tOO J;60

W 01 CJ » *4

!: j^ * j>. CO

COItoo

h- COQOr- ' 4k^y

CltOtJOi;-*

COX M X O

H m

a,s;•a ;

S S

lO

ODIC

009

|UC2lt^»0

01 CO M VI to

4-;CCOXf3

CI Ci *• ^ "--

^1 U* (0 >«^ •fk

Qt g. Xi "-1 CO

CO to tS-^ COa CO CO toM

ii : : : eSi

: i ; S: : : : : a. : : : : i

M|0"-tO«-t©OOOXW^wtcpjji

O) lU (^ >(- 101^ C*i UO «i

to^toacoCSOOO-'IO

oyt I cctotooy<t'o *Mxto*^2•^cp »lCniO-4 0>

OtOC0O<^

<PtOOSO

MC0*.1--IXCtO^J

coacjt^to"T *« .1 — • -

|-^Ol-'t;^-

to >f^ X ',£ >UCC-^O* IWP;^x-Jtj«6"cDtOCxbcOco^oattO•^ ci yi w ^

toW I-" *. M

rf*^tOXtO

CO'OtOif^<lC»0if»>UCO«»CCtO*-Wt3O'^CjVrO

II

*- ^ u tc :f

'•I

3:'SMOJim

"64 THE CHRONICLE. {VOU XXXVI.

IMiKcellaiieous.

W. W. Farmer,MONROE:, l,OUISIANA,

Coiiiisellor, Solicitor and Attorney.

Practices In the Illstrict Circuit and SupremeCourti of the United States anU of the State, in all

clas™ of cases. Has no other business, and devotes

hlMWreon^attcntton and all his time eMMwtoelB to

liU profession. Kefcrs to Bank of M»nroe^

Financial.

Dan Talmage's Sons& CoMILLERS, FACTORS

AND COMMISSION MERCHANTS IN

RICE,»6 Wall Street, New York,10, 12 & 14 East Bay, Cliarlcston,

108 Bay Street, Savannah,41 ii. 43 NortblPeters St., New Orleans.

Financliil.

Prentiss & Staples,

Wo. 11 WAtl, SXBEET, NEW VOKK

a08 OTONTAGUE ST., BROOKLYN.

GAS STOCKS

OAS SECURITIES,--Street Railroad Stocks and Bonds,

AND ALL KIXDS OF

BROOKLYN SECURITIESDEALT IN. .

8BB GAS QUOTATIONS IN THIS PAPKIl.

^Eo. H. Prentiss, CXKua E. Staplks.

Member N. Y. Stock ExchanKO.

ESTABL,I8HK»1864.

Coleman Benedict & Co.No. 21 BROAD ST., NEW YOKK.',

STOCKS AKO BOKD&,MEMBEIIS OK THE N. T STOCK KXCHASOll.

A strictly commtseton business conducted In thefiurchase and sale of Stocks and Bonds on MarKinor for investment.Compiete Financial Report issued weekly to our

correfipondent°.

A. W. Beasley & Co.,

GwyniiC & Day,(Establlshefl 1854.1 No. 46 Wall Street.

Transact a geueral banking and brokeratre busi-

ness in llailway Shares and Bonds and Governmen

securities.

Interest allowed on deposits.

Investments carefully att<>ude.l to.

BANKERS.\ N O D K A I.. E It 8 IN

INVESTMENT BONDS,No. 98 Broadw^ay, New York.

•We offer a large line of CHOICE Ballroad

SIX PER CENT bonds on desirable terms to

buyers and Investors.

J,W. Wilson & Co.,2T & 29 BEAVER

NKW YOKK.ST.,

Taintor & Holt,

BANKERS,

No. 10 WAIA. STREET. NEW YORK.

TRANSACT a GENKKAI. BANKING business.

OBP08IT8 received and INTEREST allowed on

balances.

Buy and sell GOVBBNMBNT, MUNICIPAL and

RAILKOAB Bonds.

Private telesfraph wires to Providence and Boston

Q. K. TAINTOR. OKO. H. HOLT

Fred. H. Smith, •

STOCK AND BOND BROKER,20 BROAD STREET, NEW YORK,

Railroad Securities a Specialty.

Intimate knowledKC of all for past fifteen years-

Information cliecrfuliy Blven. Investors or dealers

wishing to buy or sell are invited to communlcat«.All stocks dealt In at New York Stock KxcUange car-

ried on margins.

1. C. Walcott & Co.,BANKERS AND BROKERS

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

Sell on Commission, for cash or on margln.all Seciirl.

ties dealt In at the New York, PhUadelphia, Bostonand ChicuKO Stock Exchanges.

Brancli Office, 320 Broadway.Jos. C. walcott, i

Members of the N, Y. Stock

vSLsk F. UicKLN-sos, i and Mining Stock Exch'ges.

QEORQE STAHK, JOHN F. STABK

George Stark & Co.,BANKERS,

No. 33 Nassau Street New York,

TRANSACT A GENERAL BANKING BUSINESSAND BUY AND SELL INVESTMENT

SECURITIES,Have constantly on hand and for sale

WESTERN CITY AND KAR.M MOKT0AGK9,UearinB 7 to » per cent Interest.

WESTERN MUNICIPAL BONDS.Circulars with lull particulars mailed oo application.

Randall & Wierum,50 EXCHANGE PLACE,

Brokers in Railroad Stocks and Bonds,

OOVERlfMEXTS A FOBEIOh EXCBANOE,

CHA8. K. BANUALL, OTTO 0. WlKRCJMMember N. V. Stock Exchange.

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

No. r Wall Streel.

Railroad, Mining, and other Stocks, Bonds, etcbought and sold on Commission.

H. A. MAURIAC, Member N. Y, Stock Exchange.SYDNEY BISUOP. M. M, UOWLAND.

Bank Statements,

REPORT OF THE CONDITION OF THBCOSTI-VENTAl. NATION.\l. BANK OF

NEW YORK, at New Y'ork, in the State of NewYork, at the close of business December 30, 1882

RESOUUCKS.Loiins and discounts $4,976,498 40Overdrafts _ „ ,„i XIU.S. bonds to secure circulation 743.500 00U.S bonds onhand 10,000 00other stocks, bonds and mortgages

—

226,454 BODue from other national banks 180,44.5 90Due from State banks and bankers — 114,178 SIBanking house |;3S5,IK10 00 .„„„ „Other real estate 1(00,000 00- 685.000 00Premiums paid 47.302 31Checks and other cash Items 8,400 «Exchanges for Clearing House 3,211.503 7SBills of other banks 28,472 OOFract'l paper cur'cy, nickels & pennies, 45 1*7

Specie 1 ,543,265 85Legal-tender notesT. 121,829 00Redemption fund with U. 8. Treaaur-er to per cent of circulation; 33,457 50

Total »11,782,418 WLIABILITIKS,

Capital stock paid In $1,000,000 00Surolusfnnd 200,1)00 00Undivided proflts 112.b23 71National bank notes outstanding 646,150 00Dividends unpaid "'"s 52Individual deposits subject to check.

.

3,41 1, .28 39Demand certitlcates of deposit 2,182 78Accepted checks 2.805,265 21Cashier's checks outstanding ,1>^?2 SIDue to other National banks 2.487,957 80Due to State banks ana b.inkers 1,063,359 36

Total »ll,782,418 72State of New York, County of New York, ss:

I, Fkkd'k Taylok, Cashier of the above.Jiamedbank, dosolemnlv swear that the above statementis true, to the best of my knowledge and belief.

FRED'K TAYLOR. Cashier.Subscribed and sworn to before me this 10th day

of Jan,, 1883, ALFllKl) H. Tl-MPSO.V,Correct—Attest : Not.irv Public, New York Co.

WILLIAM TUR.NBULL, )

WILLIAM D- MORGAN, ^ Directors.JOHN T, AGNEW^ )

EPOllT OF THE CONDITION OF THK|;a" IAtIN NATIONAL BANK, AT

New York, in the Sta'eof New Vork, at the close ofbusiness, December 30, 1H82 :

RESOniCES, ,^Loans and discounts $3,961,802 78tiverd raftsU- S. bonds to secure circu'ation

—

Other stocks, bonds and mortgages.Due from o her National biiiibs .

One from State binks nnd bankers-Real estate, furniture and fl-nures..

Current expenses and taxes paidChecks and other cash items „_.„,. ,,Exchanges for Clearing House 2,./<,214 IB

Bills of other banks .io.OOO «oKraci'l paper cur'cy, nickels A penniesSpecieLegal tender notes -—Redemption fund with U.^^. Treasure!

Co per cent of circulation)

WALSTON H. BROWK. FRED. A. BEOTTN.HERBERT P, BROWN,

Walston H.Brown& BrosBANKERS,

No. 20 Nassau Street, New Ifork.

8PKCIAI, ATTENTION GIVEN TO THK NBGO-TIATION OF

RAlIiBOAD SECURITIES.

13 60890,000 00325,(100 oo80.071 229.353 75

99,500 OO14,995 54

188 87

35 98513,lK)o 85115,482 00

40,000 00

Total $7,858,563 75LIABILIIIEB, _ „ „„„ „.,

Capital Stock paid in *''SZ 00Surplus fund «?2'222 22Undivided proflts - S15'A?? 2SNationalbank notes outstanding '

i-iSi SnDividends unpaid v:- .:• uT' o tai'uon <Sindividual deposits subjoct to chock.-

2.18J.«^^

Demand certlHoates of deposito na.T'oiI 3s

Accepted drafts -. *'2S1'VS^ hoCashier's checks outstanding oij'ig 59Due to other National fanks. ^'T^ SDue to State banks and bankers-, .,,-- 42,192 aa

Total $7,858,563 75.

State of New York, County of New York, ss :

1 AUTHI'R w! skERMAN, Cashier of the above-

named bank, do solemnly sweur that the above

itfrnent Is true, to tbo^-VoJ^my^k^.owled^e^ana

0>"-u'a'rV1tS'''"""

'^"tSt^.^^'^i'.'"''"^'°U';S§fI'Ar.t:^^^^^^„,-tary public.

A BOOSKVKI.T, > Directors.THOMAS DENNY,)

TIFPORT OF THE CONDITION OF THER>AT10NAL BANK OFTHE REPlJBI.Ir.at New Yo"k. in the State of. New Sork, at the close

of business Decuiiiber 30, 1882:RESOURCES, ..nno -Iftl (U

Loansand discounts * '

'iS 10

uTs'bondrto secure circulation V^' -.V. l,250,l>0O 00

Other stocks, bonds and inortguges.... l^-^SS 2fDue from other national Ijanks 6 9,,78 04

Due from State banks and bankers- - .

.

^68,^ jB

gu'?ret\'cxiensesand£ax4sp«ld:-V-V. 4i;i71 gChecks and other cash Items

a oilrTS mExchanges for Clearing House ^^^-Im WBills of other banks

vv,"i;';.L.-,;Wr<;;''"•!*??!»

Fract'l paper cur'cy, nickels A pennies 116 9916,483 48

Bills of Exchange and Ijetters ofCredit on nicxlco.

N. T. Beers, Jr.,

Srooklyn Securities, City BondsGas Stocks, &c.,

H«. 1 NEW STREET,NEW YORK.

Simon Borg & Co.,No. 8 WAIit STREET, NEW VORK^

DEALERS IN ALL KINDS OF •

Railroad and Inyestment Securities.

SOCrnKBN SECtlRITIGg A SPECIALTY.

Wm, m. eakl, a, h. DAYTON, Geo. h, StatihbMember N.Y. Stock Exch, Special.

Earl & Dayton,BANKERS AND BROKERS,

56 TO S9 DRBXEL BUILDING,New^ York.

STOCKS AND BONDSSTUlCTliY ON

^S^e;ni«ijotes.\^V.-^: . .^^. 102,694 00

"f,?r,ne?/ero,"c'fr'i.Aati^>n)' 7- - -" ^Due froV^U- S- Treasurer, other than

5 per cent redemption lund

56,250 00

5,500 00

Total $10,099,212 18^°"' ••

L1ABU.1TUC8, ^Capital stock paid in •

»'"*;^;K OOsurplus luna...

;iHO 219 53

JJ;;t1;rn'SfbaK'n^eio;.titanding.:r.-,: ).124;950 OO

Pn'cIiVrmi^ SSlJo^ksubjj^ct to check, l. 3.30.;297 ^Demand certlUcates of deposit .f^Si^ 59Certlfled checks. ...... ,.-•-••• 16'640 55Cashier's checks outstanding 01227? 31Due to other national banks..... toS'mJ I7Due to State banks and bankers m.cyn 1 <

Subscribed and sworn to;^bJfore ino this 8th day

f -lan.. 1883. N. R- S^A^I^ol<^,,_.. , „ ,of Jan., 1883.

Correct—AttestN.ita"ry Public, Kings &<.

Cerimcate tiled In N,Y , Co.

BOUGHT AND SOLDCOMMISSIOK. 1

JOHN T, CRANK,\VM. II. (HI ION,U, W. FOllBi

i Directors,

Januaky is, 18S3.J IHE CHKOxNlCLKBunk Stutementw.

I>KPORT OK TIIK rONUrriON OF THEMERCANTILE NATIONAL BANK

at Ni'W York. In the State of Now York, at theclosL* of buttiaosa Ueopmbor UO, 188^

:

KESOt'KCKS.Loans and dtscotinta 94.8fi3,n()A 42o^'"'"'"" ... 2 ill 701 ' • srouro clrcnlaUon<

'

. iKintLt uiul luortuimoaI

'

'icr .NuMunul hnnksI'll ! !tt; bunks and b.'jlktirsKill.

[ I. lornllui-o and lixttlres

!• :! M'U.I

t:iutkH iiiui uibcr caalt ItemsKxciiatiKes lorCltMirtnR HouseBill.-< of otbcr banksSp*ii*i«

Ijeifal-tiMidcT notesKodi'inpt'n fund with V. 8. Treasurer(5 [»r. <;t. of clrcilUltiolt)

Due from V. .s. Treasurer, other than5 iHT cent redemption fund

Total $8,<34,008 ;»LIAIIILITIKS.

Capital stock paid tn $1,000,000 00Burolusfnnd I55.0(J« 00Undivided profits SK.itia 03National bank notes outstanding VUS^iKiO 00Dividonda unpaid 30,117 00Individual dopoalta sub-ject to check $2,201,316 38

neniiind ctf.s. )if deposit.. 1.8rt7 74t'ertilied checks 188,'473 t"«Cashier's checks outst'd'g 22.710 70—2 414 197 46Uuo to other Nat'l buiiks. 2,.')57.50:i 08Due to Stole bks * takers 1,201,203 73— 3,8I8,R01 81

Total »8,8!i4,059 20State of New York, County of New York, m :

1, Wii.i.iAM P.ST. Jo N. Cashier of the above-naiced bank, do solemnly swear that the abovestatement is true, to the best of luv knowledire andbelief. W.H. P. ST. JOHN'. Casiiier.Subscribed and sworn to before me this Hth day of

Jonuuiy. ISsS. F. A. K. BllYAX,Correct -Attest : Notary Public. N. Y. County

CHaS. p. BUllUKTr, /

vouuiy.

J. B. N CHOLS. f Directors.GKOnGKU.SAKGKNT.i

BHilk Mtatoinentii.

REPoaT i>K TiiK roNuirios i»p the^. KOIIKTH NAriO\Al"llA?iK<)K TIIKCITYIIHNKW Y<)ltK,atNe>v Ynr«,ln Ihe^lu'eofNew York, at the cloxe of buainuss Dec. 30, IbUi :

HISSOITUCKH.T.oans and discounts il6.5831»7I 72Overdrafts 1310 52U.S.bondstoseournclrculnllon e'olflOO 00Other stocks, bonds and niortKiiKca 122.201 floDuo Ironi otIiurnatlMnal banks 1,175,Gi>7 47Due from Slate hanks itnd hankers — " "

Real estate, lurnlturo and UxturesPremiums paidChecks and other cash Items. .'.'..'.'.'.

Kxchanees for CloarlnK HouseBills of other bsnksKract'l paper cur'oy, nickels a penniesSpecie 7T^eKal tender notesU. '. ccrtitlcatesof deposit for h «rultenders

Redemption fund with 11.8. Treasurer(0 percenf of clroulalion)

Duo from U. S. Tre;i8urer other than5 per cent redemption funtj

Total iai.iss.eitTMLIABILITIES.

Capital Stock paid InSurplus fundUiidividO'l profitsNational bank notes oulstandinxDividends unpaidIndividual deposits subject ti check'Demand ecrtiticatcs of tloposltCiishler'sehecks out.sland.nK ».> i« 40Deposits for acceotancps 5 asts's.^ ) »iiDue to other nation. 1 banks Io'toSs OSDue to State banks and bankers 'e08l41« «o

Bank Statemcnli.

uEgontctfi.

OvHraft.""' »'2 «»•?«« W

41.303 04Oo(),(XK) 0014..W0 0010.810 02

9.8!>2.7ft8 4520,010 00

720 432,027.11111 60773.7TJ 00

70,000 00

27,000 00

2,000 00

».'J,800.000 00(MO.iiOO 00873,.'iOr) 81030,920 0014>i.7HS 24

U,B,s;i,»«5 3i)43030 8193.148 48

TJKPORT OF TIIR CONUI lO < OF THKKtHIIID NATIONAL ItANa OF THEeiT\ OK .NK\» Y..11K, in the State of NowYork, at the close 01 business Dec. 30, lfc(82;

UK>OUHCES.I«oans and discounts $5552041 23OverdraftsU. 8. bonds to secure circulation .

.

U. S. bonds on handOther stO'JKs. boot- and mort{r,-igesDue from other National banlis . .

Due from State bants and bankers .

Real estatePremiums paid ,,,„ ,^Exchanitea for Clearintc House ...'.'.'. 2,811,709 42Bdls "f other Banks 5721100Fractional paper currency, nickels and-ce"" 70S m?P««'<'; •- •, 1,294.033 00iei!altende_note^ 795,000 00Due from U. S. Treasurer (o: her than5 per cent redemption fund)

. 83 70

2,219 9750,000 0025,000 00

5I7,7H7 38501,442 ,^3

5,3U1 734.5.189 8S4.718

Total *3I4556'6 85Stateof New York. County of New York, «'» '

I, H lU'CKHOirx, Cashi. r of the above-nimfdbank, do solemnly swear that the above statem-ntla true, to the best of my knowled^re and belief

o V .... ..HKNRY BUCKIIOUT. Cashier.

Sijbscribed and sworn to before me, this 10th d;iyof January. 1888. t». Q. Fanning.Correct—Attest

:

N.);ary PuulieROBT. W. STUART,

)

100.000 ao808,000 001»",0JM 71

1,U98,:% flO

*li.70R l>~I.NI.OOII 00'I87.7.V« 48.

3,0'3&.!S4H Kl»3,00U 00

T.90O 00

U. s. bonds to St care olrculatloii'Vparvalue)

U. H. bunds on hand (par raliiei ..'.'

OlhHr atockaand bondaDue from oth'-r national han«nDue from State and prlv.te banks andba'.iiers

Uank'rijr nous<*1 hocks and other cash Itema'.. '.'.'. '.'.'..'

KxchanKoa f ir Clearing iiouse ...Hills of ottier banksKnictlonai paper currency, nlciio's'ii.' iicents

Specie. viz-Cold C.lu.'.'.'.'»2,()d8,i40 00Oold tr"'«urv ce tiHc'3

f'lH "•-'??'• f"'"- 11"'- ' 750.000 00Gold Ciea.loK H.jusecertlUcutes 1.623,0 OO

§"'"'• coin mji:2 IVO'lver tteastiry cenlff-

I.eijal tend, r notes di«?T>nriDue from V. s. Tretisurer othcf tlV.i'u'5**'''^'* ""

pereent redempilon lund 24,000 00

_ ,., .

LIABILlTIeS. -..>''•'

Capital stork paid In » 10.1.000 00-.Surplus fund '.OOO.i^w 00

10.964 006;;,n20 00

REPORT OF THE CONDITION OF TIIF,1'HEMX NATIONAL llAXK'at NW YofJDel'i^'berl<i';iS83

:'""•"' ""-'<='"'•« "' '"'»'"«»^

KKSOUttCES.Loans aiid discounts $2,333,804 48(iverdrnfts jg gjU s. bon.ls to secure circulation .'.'.'.'.'.

800,000 OuOther stocks, bonds and mortgages... «».1K5 00Due from olhern:itional banks 371 5:W 'ioDuo from State b .nks and bankers .. '.^^'509 OSHeal estate, furaiture and flxturoj S5')'.000 00Preniluras p.ild g ooo 00

Total $ll,66i,536 12LIABILITIES.

Capital stock paid in $1,000,000 00Surplus fund iiOO,OvO 00

11S„->17 8730.(i3« 48

4,5ll.H91 38T,02li 74

26,S,B13 ii407,995 55

4.4(14,892 3670S,932 87

Undivided profitsDividends unpaidindividual d pos ts subject to checkDenoind coititio tres of depositCertified and accvpted cliecksCashier's checks outsiandingDue to other National banksDue to Statu banks and bankers

8tate"of NewY.ifitVo' iunty'oir' New Yor*k'*.'*'^''-*^

I,G. L. UuTcaiNos, C shier, f the above-namedbank, do solemnly swear th t the above statementla true, to the best of my knowledi-e and belief

(Si«ncdi O. L. HUTCHINGS, Cashier.Subscribed and sworn 10 before me this 1.2th dayof January, 1SS3. Eu.iEVK i.klm^kr-,.. , ... .

Notary Public, N. Y. County.Correct—Attest

:

WM. A BOOTir. )(Signed) PAKlvI.'Ii HANDY, {Directors.

0,000 0073,538 42

5.357.934 25UO.O.'SP 00

189 19"5S6.468 9830,100 00

13,500 00

tliecks and other cash itemsKxehanges lor Clearing HouseBills of other banksFraci.'l paper out 'cy, nickels & pcniiies.specie.LcL'ai tender notes '..',

Ked mp'.lon fund wlih U. S. Treas-urer (5 per cent of circulation)

Total $0,576,938^4LIABILITIES.

Capital stock paid inSuM.lus tundnnrlivideil proflLs ]].]'National bank notes outstanding...!Taxes acer.untDividends unpaid .

,'..'.*

Individu ii dei...si;3 subject to checkDomnnd certltlcates of depositCc' tifled checksCasher's checks rmtstanding "..

Due to other nat:onal banksDue to State banks and bankers

Unilivlded profits.... ".'.'.'.'.'.'..'.'.'.'

I

State bank cir.:ul.'.t.on outStandlnit ..Dividends unpaidIndividual deposits sub-ject to check $15,142,958 05Demand certificates ofdeposit. . 62,40S 00

Certified checks .381,603 66I a'hier's checks ont-tt.ndlng 429,036 88-18,021,001 S9Due to other national banks 1 931 K2« 65i)ue to State and private banks and*"">^0" 450.672 27

.$22,482,600 48

$1,000,000 00181,781 1200.31.0 m

267.600 0011.685 9532.888 t:0

3.173,205 51li,a07 89

4,391,518 01400 OU

386.748 1864,414 52

REI'OKT OK THEWALL STREETM

(ONUITION OF THENATIONAL BANK, aiew \o.K, in the Slate.jt Now York, at the closeof business December 30. 18H2:wvoc

KESOUKCES.Loans and discounts HI 507 '79'^ 07

* •2:035OverdraftsU. S. bonds to secure circulation!!!""*Due from other national banksDue from State banks and bankers...Kea! estate, furnitm-e and fixturesCheeks and other tnish itemsExchanges for Clearing HouseBills of other banksFractional paper currency, nickels aiidpennies

Specie j.aoaLegal tender notes ' 104 072 0,1L. S. internal revenue stamps on

•"" ""

checkbooks 199 40

50.000 0087 157 4413.819 058.500 007,874 .53

3,805,871 2713,140 00

40 89l?2,e'j4 84

Total .... $9.57«.93S WState or New York. County of New York.s«:

I, John Paukeu, Cashier of the above-namedbank, do solemnly swear tliat the above si ntemeitIs true, to the best of my kn..wledL»e and belief

.^ ^ JOHN PARK li;R, Crishier.Subscribed and sworn 1 o before me thin 8tli day

of Jan., 1883. Klijah h. Rikeh, Ni-tary.C.irreet-Attest:

.^-ui.

WIIiT.HM BRYCK, )EUGKNE DUTILH, f Directors.ISRAEL COK-E. \

Total..

^,. ,iiABILliYis.

»«-«l'520 5!

s!!? ,',1",',?,^SP"""" KOO.m 00Suriilus fuud

Undivided profits .,..'.'.'.*

U. S. taxes .in Oep sits and oapitai!!!'.Nate bank notes outstandingDividends unpaidIndividual deiioslts subject to clieck!Demand certificates of depositAccountCertified checks '.

.

Cashier's checks outstanding..'!!.'.'!.."Duo to other national banks...J>ae to State banks and bankers..

82.615 421.5.S0 204.753 791.231 60

18,882 712,480.5*12 39

8,138 472,f00 00

2,561,n57 08f'.l'is 723.240 9?

60.V89 81

Total.$5,721,529 51

^lnV,v.Mf?>^ "''' '-"""'5^ "' New Vork. «,

i-nl M,'^P- I>K'liiNS .Ntitshlerof theabove-namod

true V„ h" ?"'? "?'"" V'"" ">o above statementtrue, to the ''ost_of_ray_^knowled«e and belief.

bank,

Correct-Aitest: Notary Public, city aud\oN Y.— . 1. W.KVAiNS, )

C. F. 1 IMPSO V. f DirectorsJ.O.MCoULLOUGH.J '•

REPORT OF THE CONDITION OF THEMETltOPOLITAN NATIONAL BANK, atNow York, in the State of New York, at the doseof business Dec. 30. 1882

:

KESOUKCES.Loans and discounts $8 727 300 20Overdrafts 2 2S9 01U. S. bonds to secure circulation 2.500.000 00Other stocks, bonds and mortgages 1,562 822 12Due from oilier national banks 1.130.i94 11Due from State banks and bankers ;M6 562 05Real estate, furniture and fixtures 867 048 77Checks and rither cash item-* 315230 20Exchanges for Clearing House 4.ft30.1i6 30Bills (if other banks 352,885 00i ractional paper currency, nlokels andpennies 1,211 21

Specie..'... 2,603.573 00Legal-tender notes 663,514 00Redemption ftin.t with U. s. Treasurer(5 per cent of circulation) 112 495 00

TotalState of New York.Ci.uiity of New YorV..'

„„','v ?'' -I .QuiNLAN Jit, Cashier .if I he Chemt-cal iVitional „ank ot N..w York." do s.iiemnly swearthat the above statement is true, to the best of mrknowledge and belief.

'

VV.M. J. QIJINL AX, Jtt, Cashier.

of^^Ta^n™ 5285.°" '"'•Rf;;svri^;;,!rHxy'^"^'''^^

Corrcet-Atte.-?:*^""" ^"'"'"' ^-^^ ^^o^^ County.

J. A. HOISI.VELT.J

^^^^jgggjfi'^iojy^^^"^ ^- (°'-'""°""

REPIIRT OF THE CONDITION OF THKNAT1..NK, PARK BANK. New York C.ty^the cleae of business Der 30. 1H82 :

KESOUKCES.Loans ar.ld scums $14,928,110 88Overdrafts 11007.5211. S. bonds to secure cliculstionU. ^. bon'is to se. ure depositsOther t-tocks, bonds, &cDue from < ther Nat onal l ank". .

.

I'uofrom ftatea d private b ntks antib-.nkers

Real estate—banking-house !!.Other real est;ite -.

Premiums paidChecks and other cash items !

Kxciianfe for ClOirlng HouseBills of other batiksFrfictlonal eurrrncy, nickels, &c .

Specie-i4.1d coin...;Gold Treasury certificates ,..,Grtld Cle irtng House cer t.flc.ttes 1.915000 00SUv.rco n b,0h7 ;6Silver Treasury certificates R3*i0() 00Leg 1 tender notes 618,'06O 0»

Bedemiitioii fu.id with U. S. Treasurer(5 per ten^ on eirciilatii.n) 2 230 OODue from U. S. Treasurer 133000 CO

II.IMIO 002.10.000 vo-

l.414 237 (82,055,82S SS

193,792 71750 000 00105,0' 3 37

5,H25 00112.700 46

3, 21 717 63-16.000 00

424 27i.7a?.o?8 so17",000 00

Total $23,911,320 97LIABILIIIES.

Capital Stock paid In $.3,000,000 00Surplus fund 1,400.000 00Undivided profits 37 900 14National Bank n.jtea outstanding 2,185!900 00Dividends unpaid 151.7u; 00Individual deposits subject to ebcok..

.

7.958.04" 27Demand certificates of deposit 44 065 91Certified checks 1,468,917 65Casliier's checks outstanding 286,711 23Due to othernational banks 5,186556 26Due to State banks and bankers 2,800.520 51

$27.06.9.412 34LIABILITIEJ.

CsDltal Stock paid in $2,000,000 00Silrplusfund I.OOOIMIO 0<)Undivided profits 12'^ O'^O 07Ciiiulatlng not s 45.000 00Dividends unpaid ^... 775:{C. 00Individual denoaits subject to check.. 10,.3tw!70O IB.Demiind eeit ficates of dfpo..'it 240413 11Certified checks 414.502 40Cashier's checks ouistanrlng 13.780 7aDei.osi;8of U. S. dlsbiirs ngoflBcers... Il4.;-i50 aoDue to other National binits 10,163 fM8 20*Due to State and p ivate Dai.ka andbankers 8,133,160(10

Total....... $27,eS9,412 StStateof New York,Oruntyof New Y"oik »».•

1. K. K. wnioHT, Casher of the National PartBank, N. Y.Ciiy. do solemnly swe.nr that the itbovestate nent is true, to the best of mv knowledge aoAbelief. [Signed] K. K. WUIGHT. Cashier.Sworn to and subscribed before me this lltb dar

of January, 1883. Geokge S. Hic ok.

Correct-Attest:Notary Public.

WILLIAM H. FOGG,!EUGKNK KELLY, > Directors.GKO. H. POTTS. S

Financial.

Total J23 911 320 97State of New York. County of New York,' ss.'

1. Geo. J. McGoi'KKKY, Cashier of the above-named bunk, do solemnly swear that the abovestatement Is true, to the best of mv knowledge and*"i}^^J- .^ . GEO. J. MCGOURKKY. Cashier.Subscribed and sworn to before me this llth day

of Jan.. 188.3. Bekklev T. Wood.Correctr-Atteat

:

Not a ry Public.SOLON ntlMPHREYS,,ISAAC H. MAILKY, f Dife«tOrt.

Gilinan, Son & Co.,

63BANKERS,€EDAR STREET.

In addition to a General Banking Boainess.bTyluid sell QOTernraent Bonds and InTestment Seeaii..ties.

/OBN PUKDIR. EDUARD MEBTE.VS. AUQ. NATHAV

Pondir & Co.,stocks. Bonds & Investment SecorltlM^

'20 kxchan<;e place, hkw voku.Orders executed on the London and Kuropouk

markets.

Bl THE CHRONKXE. [Vol. XXXVr.

Financial.

Henry Bros. & Warfield,BROKER3 IN

STOCKS AND BONDS, €NI>ISTED SK-CUaiTIES AND MINING STOCKS,

52 BROADWAY.DoroLAS HEXBV. Charles Sbtos Hixbt.

Member N. Y. Stock Ex. V«-<iib6r N.Y. Mm. Stock Ki-DANIKL VrAKriKLD.

Pollock & Bixby,BANKERS AND BBOKESS.

SS KASSAU STREET. NEW YORK.

Buy and sell on commission, or carry on margin, all

BBcurities dealt In at tlie New York Stock Exohaiwo.

Wm. pollock, a. J. BlxbtMember N. Y. Stock Exchange.

To Investors.BROOKI.YN AND NETT TORK

SECURITIES.CITY BONDS,

Financial.

FRAKK B. BEERS,16 Court St, 31 Pine St.,

BROOKLYN. NEW Y'ORK.

GAS STOCKS,RAILROAD

STOCKS

C. W. BCRAJfTOX. H. H. BUNSELL,Member N. Y. Stock Excluing;.

Bunnell & Scranton,BANKERS AND BROKERS,

No, 64 BROADTTAIT, NEW YORK,AND

216 & 218 CHAPEL ST., NEW HAYEN.Bonds and Stocks boucbt and sold on Commission.

Particular attention paid to Investment Securities.

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

No. 16 BROAD STREET, NEW YORK.John S. Jambp, WABBKN T. JAmks.

Member N. Y. Stock Exch.

Btocka, Bonds, &c., bought and sold for cash or onmargin.

Geo. H. Whipple,No. SO WAIili STREET,

NEW YORK.

ELECTRIC EIGHT STOCKS.EDISON, BRUSH, UNITED STATES, FULLER

STOCKS FOR SALE.

JOSKPH e. LLOTD. W. C. MCKKANMember of N.Y. Stock Exch'go.

Lloyd & McKean,No. 34 WAI,!. STREET, NEXT TORK.

BUY AND SELL-ON COMMISSION

GoTernment, Railivay and JtliBceUa*iieous Securities.

W. B. Peakl. Dyer Pearl.MemberN.Y. Stock Excb.

Pearl & Co.^BANKERS AND BROKERS,

16 BROAD STREET, NEW TORK.Stocks and bonds bought and sold on commission.

Interest allowed on deposits subject to sight draft.liettera of inquiry cheerfully answered.

Cahoone & Wescott,No. 3 New Street & No. 82 Broadvrar,

GOVERX9IEIVT BOKDS,BXOCKS AND INVESTMENT SECURITIES.

TIME I.OANS NEGOTIATED.Stephejj Cahoose, jr.. wm. p. Wescott.

Member N. Y. Stuck Exchange.

SPECULATION AND INTESTMENTIN STOCKS AND SHARESWITH A raiNiraiin risk.

EXPLANATORY BOOK, Just pubUshed, gratis

and post free upon application.

OPERATORS IN STOCK EXCHANGE SECURI.TIES should test this system, by which large profits

are realized, and the possibility of losses reduced to

H minimum.0PIXI0M8 OP THK PBESS.

CivU Service Oazett€—*^The system recommendedby Messrs. Gutteridge & Co., is easy to comprehendand 8;ife." John Hull—^'An easy unrj uuparently safesystem, worthy of public confidence." Voiirl Journal—*' An excellent, wtiy of speculating, ably set forth "

Cii»U(<in—"An interesting book. This system com-mends itself as l>oinK a very safe one." I^'ews oj thTl'orW—'* This book is well worth reading. One cannot do better tiian retain their services."

IT. GVTTERIDGE & CO.,

BWOBN BROKERS, No. 7 DRAPERS GARDENSLondon E. C. EnglaBd.

H. L. Grant,No. 146 BROADWAlf

NEW YORK.

CITY RAILROAD STOCKS & BONDSBOUGHT AND SOLO.

8ee Quotations of City Railroads In this paper.

J D. Prince. Jas Whitely. H. Chuoer OakleyHarry C. Logan, Maynard C. eyke.

W. R. Travers, Special Partner.

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

(Braucli Office, 180 Fifth Ave.)AU classes of Railway and Mining Stocks bought

and sold on Commission., ., ^ , ,.. „„, .

Private Telegraph Wires to Philadelphia. Wilming-ton, Baltimore, Washington, Boston, Bridgeport andNew Haven.

,

Commercial Cards.

STOCKS and BONDSAt Auction.

The Undersigned hold REGULAR AUCTIONSALES of all classes of

STOCKS AND BONDSON

WEDNESDAYS AND SATURDAYS.

ADRIAN II. IHIJEEER & SONNo. 7 PINE STREET, NEW YORK.

Commercial Cards.

Bliss, Fabyan & Co.,New Yorli, Boston, Philadelphia,

SELLING AGENTS FOR LEADING BRANDSBBOWN ic BLEACHED SHIRTINGS

AND SHEETINGS,PKINTS, DENIMS, TICKS, DUCKS, 4c.

Towels, Quilts,Wlilte Goods X HosieryDrills, li?ieetings, dc, for'Eiport Trade.

Columbia Bicycles.Thousands In dally use by doctors,lawyers, miiilstera, editors, mer-< bants, &C., &c. Send 3-cent stampfor elegantly Illustrated S6-pagecatalogue to

The Pope Mfg. Co.,642 Washinifton St., Boston, Mass-

New York Riding School,

214 E. aiTH St., Neak Thikd ATK

Joy, Lincoln & Motley,SErCCE880RS TO

E. R. MIJDGE, SAW^ITER & CO.,43 & 45 White Street, 15 Cha0ncey Stbkit,

NEW YORK. BOSTON.AGENTS FOR

Ocean mils Co., Atlantic Cotton milla,Peabodf inills, CUIcopee Mfg. Co.,

EUertou Ncwinills, WIi*to Mfg. Co.,Saratoija Victory Mfs. Co.,

Hosiery and Yarn AlUIs.

BrinckerhofF, Turner

& Co.,Manufacturers and Dealers in

COTTON SAILDUCKAnd all kinds of

COTTON CANVAS. FELTING DUCK. CARCOVERING, BAGGING, RAVK.VS DUCK, SAIL

TWINES. &C., "ONTARIO" SEAMLESSBAGS, "AWNING STRIPES."

Also, Agents

ITNITED .STATES BITNTING CO.

A full supply, all Widths and Colorts, always in stock

No. 109 Dnanc Street.

Stcamsliip§.

Only Direct Line to France.

GENERAL TRANSATLANTIC CO.Between NEIV IfOBK and HAVRE,From Pier (new) 42 Nortlj River, foot of Morton St.Travelers by this line avoid both tninsit by Englisb

Railway and the discomforts of crossing the ChannelIn a small boat.AMERIQUE. Santeili Wed., January 17, noon.CANADA, Franguei Wed.. Jan.84.» A. M.FRANCE, P. de Hauterlve....Wed., Jan. 31. 11 A. M.Price op Passage—(including wine): To Havre-

First cabin, *100 and JSO ; second cabin, $60; steer-

age, |2d—including wine, bedding and utensils. Re-turn tickets at very reduced rates. Checks drawn onCredit Lyonnais of Paris in amounts to suit.

FOR mARSEILIiES,TOnCBING AT CADIZ, GIBRALTAR & BARCELONA.The following steamers will leave New York direct

for Cadiz, Gibraltar, Barcelona and Marseilles, taklnsfreight and passengers

;

Wire R o pe .

STEEL AND CHARCOALIRON of superior quality

fiultablo for MINING ANDHOISTING PURPOSES,Inclined Planes, Transmis-sion of Power, &c. Also,

Galvanized Charcoal and BBfur Ships' RiggiuK, Suspen-si'in Bridges. IJerricit Guys,Kerry Hopes, &c. A largestock constantly on handfrom which any desiredlengths are cut. FLATSTEEL AND IKON ROPESfor Mining purposes nianu-

_ filotured to order.JOHN IV. MASON Sc CO.,

43 Broad*vay,^l>Jow York.

Herring's Safes.THE CIIATtlPIOBi RECOUD

IN ALL GREAT FIRES,

HATES or PASSAGE—For Cadiz and Gibraltar-First cabin, S75 and »90 ; for Barcelona and Marseilles—First cabin. ISO and »100. Steerage. $32.

Through bills of lading Issued to MediterraneanPorts, including Barcelona, Algeria, Tunis, Genoa,Leghorn, Naples, Messina i also, for Trieste and (30Q-

tautinople.N. B.—No freight taken for Gibraltar.

I.OII1S DE BEBIAN, Ascut,No. 6 Boivllne Green.

Insurance.

UNIONMutual Life Insurance Co.

OF MAINE.OIBECTOBS' OFFICS PORTLAND MAINE.

OKGAXIZED 1S49.Aaaets $6,864,215 67SurplHs(lV.V. Standard) 678,645 53DeatbliOHsenPald - - 6,876,901 76Dividends Paid - - - 3,996,441 2713,725 Policies In force, lusurlns

$24,083,551.

Paid Death Losses, slnco Organlialion,

SEVEN MILLION DOLLARS,And for Dividends,

\EARIiK' FOUR IUII.I1IONS.

JOIIN E. UeWlTT, President.

DANIEL SHARP, Vice-President.HKNKY D. SMITH, Secretary.NICHOLAS DK OROOT, Ass't SeC'T.THOMAS A. FOSTER, Medical Director.

MUTUAL LIFEINSURANCE COMPANY ^

OF NEW YORK.

F. S. ^VINSTOX, President.

ISSUES EVERT DESCRIPTIOS OF

LIFE d-END WMENTPOLICIESRates Lower thoM other Companies,

HEUnUVGr & 00., OEaANIZED APRIL 14Tn, 1842.

26i*262Bmdway,NewTork. lASSETS, $95,000,000.

Jandaiiy 18, 1883 J THE CHRONICLE. IX

Inturun««.

OFFICE OF THE

ATLANTICMutual Insurance Co.,

NEW YOKK, Jauuary 25, 1882.

The Tmsteesi, lu conformity to the Charter o;

the Conipauy, Kubmit the (olluwlng Statement

of Its altiUrs ou the Slnt Decouibcr, 18S1:

Preiuinuiij on Marine Ktakiifraiu

Ist January, 1881, to 3l8t De-

oonibor, 1881 $4,039,487 10PrcuihuiiiionPolU'lee not marked

off iKt January, 1881 1,587,534 47

Total Marine Premiums $5,627,«21 57

Premiums marked off from Ist

January, 1881, to 31st Decem-ber, 1881 *4,110,176 72

Losses paid daring the sameperiod $1,775,882 80

Betoms of Premiums and Ex-

penses $924,227 02

The Company has the foUowlnit Asseto. viz.:

Dnited State-s and State of NewYork Stock, City, Bank andother Stocks..'. $8,965,758 00

liOans secured by Stocks andotherwise 1,729,500 00

Keal Estate and Claims du<> the

Company, estimated at 491,148 18Premium Notes and Bills Re-

ceivable 1,631,294 23Cash In Bank.... 347,765 99

Amount $13,165,466 10

Cotton.

SIX PER CENT INTEREST on the outstand

Ing certificate* of profits will be paid to the

holders thereof, or their legal representatives,

on and after Tuesday , the Seventh of February

next.

THE OUTSTANDING CERTIFICATES of

the issue of 1377 will be redeemed and paid to

the holders thereof, or their legal representa

tlves, 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 CENTdeclared on the net earned premiums of the

Company, for the year endiuK 31st December,1881, for which certificates will be issued on

ind after Tuesday, the Second of May next.

By order of the Board,

J. H. CHAPMAN. Hecretnn

TUUHTEEHiJ. D. Jones,

Charles Dennis,

W. H. H. Moure,Lewis Ciutls,

Charles II. Kus<<eU,

James Low,David Lane,

Gordon W. Bumham.A. A. Raven,Wm. Sturirts,

BerUamii! H. Field,

• jsiah O. IMWWllUam E. Dodge,Royal Phelps,

Thomas F. Youngs,

C. A. Hand,John D. Hewlett,Wmiam H. Webb,Obarles P. Burdett,

Horace Uray,Edmund W. Corlles,

John Elliott,

Adolph LemuyueBobt. B. Mintum,Charles U. Atarshall.

• George W. Lane,

Edwin D. Morgan,Robert L. Stuart,

James U. Du Forest.

Samuel WiUetis,

Charles D. Leverlcb,

William Bryou,

WlUlam H. Fogi<,

Thomas B. CoddlugtO''

Horace K. Thiirber,

WUliaui Degroot, .. -

Henry (Collins,

John L. Riker.

J. D. JONES, President.

CHARIiS DENNIS, Vice-President.

W. H. H. MOORE, 2d Vlce-PresIdePT

A. A. RAVEN, 341 Vtoe-Prettdear.

J. P. Billups & 'JP. f i

Cotton.

COTTONCOMMISSION MERCHANTS

Noa. 16 & 18 Kzchanse Place,

.-08T BUII.DINU, NEW VORK

Speotal attention KlTwi tu I he Parchue and Salt

of Contracts for fatnre deltvery of Cotton.

John C. Graham & Co.,(Suooessorsto B. M. WATERS A CO.>,

COTTON COMMISSION MERCUANT8,No. 1 8 William Street, New York.

8KLMA, ALA., PBCEKIX BUILDUtO.MONTGOMKKY, ALA., MORRIS BANK BUILOnra

Orders tor T^tve Contracts Executed In New Turkand LlverpooL

William H. Beede & Co.COTTON BROKERS,

No. 114 PEARI. STREET.Bpedal attention given to orders for the baying

and gelling of Cotton for Future Ueuvbbv.

James F. Wenman& Co.

,

COTTON i6ROKKR&,No. 146 Pearl Street, near IVail, N. £.

Established (In Tontine Building) 1840.

B. F. BABCOCK&CO.COMMISSION MERCHANTS,

17 Water Street, I.IVKRPOOI<,Receive conslKnments of Cotton and other Produce

*nd execute orders at the Kxchanges in Llyer[>ool.Represeuted In Kew York at the office of

BABCOCR BiSOTHERS A UO..

W Wall stribt.

Cumming & Baily,COTTON FACTORS

AND COMMISSION MEKCHANT8,No. 89 Pearl Street, New ITork.

Special attention given to the purchase and sale ofcontracts for future delivery on the Cotton and Prod-nee exchanges.

H. Tileston & Co.,COTTON, STOCKS, BONDS, d:c.,

25 WILLIAM STREET, NEW TOUK.Members of Stock, Cotton and Prodace Exchanges.Ordersm ** Futures" executed at N. Y. Cottoa Exch.

WALTER & KROHN,COTTON BROIiJbRS,

63 KKAVEK SYRERT, NEVr YORK.

Waldron & Tainter,COTTON COmmSSION ITIERCHANT

97 PEARL SXaEET, NEW YORK." Fotorb " Orders Promptlv Execcttkd.

F. HoiJmann,COTTON BROKER AND AGENT,

iS RtJE DK LA BOI.'K.SK, HWItb,

Wm. Felix Aiexander,COTTON 'iROKiSii,

AUOVSTA, GBORtilAKnUre attention given u> purrhaeie o.' COTTON T*'

IJUDKK for 8P1NNKKS and RXfOUfK ^^

CoBR*rePONI)aNO» ?^0UC'TB1».

iSeferences ;—NAtlonsI liant o: Auttjau. w/-..^

Hears ^''jj^^jjCo.. ComniUslon .Mercluinta • '

Vorlt: WRsiTirt'ina ft Oo., Proprlecori txOMa>

oiiL a!.o FiKiMOuj. iivaiavMit. mrt otIiRr N-rorkUouses.

Pansot & Campbell,Cutton Pactori-,

VICKNH11R«i. miSM.Orders to purchase Cotton in our market solicited.

Refer to Measra. WOODWAKD A 8TU.LMANNOV York.

Robert Tannahill & Co.>

Cotton Commlgglon Merchanta,

Ootton Ezchanie Balldinc, NBW YOB

Speolal attention glTsn to the purchase and sale i

Future Contracts.

Fielding & Gwynn,

COTTON VAOTORHAMD

COMMISSION MERCHANTS16 de IH ExehanKe Place,

Post Bitiu)ino. new tokk.

GusEAvus C. HopKnrs. Luciatf nopKnra SioxB.CHAR1.BS D. MHiLXR.

Hopkins, Dwight & Co.,C O T T O M

*

COMMISSION MERCHANTS^No. 134 PEARJL STREET,

NEW YORK.OODKBa FOR FUTITBE CONTRACTS BXICUTKS I*

NEW York and Liverpoou

Lehman, Abrahau & Co., Lehuan, DtniB &0»New Orleans, La. Montgomery, Alik

LEHMAN BRO'S,Cotton Factors

ANDCOItmiSSION MERCHANTS, ,^

No. 40 EXCHANGE PLACE, "^

VP-TOWS OmCE, NOS. 39 & 41 WAI,KEB STtMa^

KCTV York.Orders executed at the Cotton Exchanges In Hew

York and LiTerpool and advances made on Cottoaand other produce consigned to us. or to our eon*ipondents in Liverpool, Messrs. B. Newgass A Otk

and Mesarv. L Rosenheim A Sons

Henry JM. Taber,No. 141 PEARL STREET, NEW YOBK*

Advances made on Conslpnmenta of Cotton. Co|t>tracts for Future Delivery of Cotton bouglit aMsokd on commission.

HYMANS & DANCY,NoBroLK. Va.

Dancy, Hyman & Co.,COTTON COMMISSION MERCHANTB,

97 Pearl St., New York.

Special attention given to the ynrohase and tUmof contracta for future delli cry.

Geo. Copeland & Co.,COTTO.S BROKERS,

iSH PRAKr KtRfCRT. IVKIV YORK.

lIi8cellancoii§.

Bullard & Wheeler,119 nAIDEN I.ANE,

NEW VOKK.BACiGIKO AXD IRON TIES,

(FOR BALING COTTON.)Asents for tbefollnwlnx brands of Jute Banrtar.

*Eavle Mills," " Hn loklyii Oil y." "Geonria," "Carolina'^'Nerlns tJ, 'Lii.v.h Mar. "r-iuem."' "Horlcon M*Us '

'Jersey MIH9''a:iil "Dgver Mills."l.Ml'01"nSU.S OF lUON TIES.

BAGGING.WARKEN, JONES &. GRATS

ST. LOCIS, Mo.

Haoaftictiireni* Affeuts for tLu sale of Jnt« Bav»

gina, Fnmlab corerlnK annuHlly for une-Itftb of tb*

enlire Cotton Cropu CorreapondoQce from iMfBdealers sotlflt 9(1.

THE CHRONICLE.

Cotton.

,a^Cotton.

Woodward & Stillman;MERCHANTS,

PoBt Building, 16 & 18 Exchange Place

NEW YORK..

U>AHS MADB ON ACCBPTABLB SECUKITIBB.

Cash Advances Made on Oongignments.

PaCIJLI. Am TIOX TO OSDEBS FOB CONTIlAOTg

FOR FDTUi Delivery of Cotton.

OOTTON, ALL eBADSS. SUITABLE TO WANTSOF SIXNNBHS,

Offered on Ti BJiS to Suit.

J.H. PARKER,

COBI9EISSION nERCHANT,

No. 140 PBABI< STREET,

NBW YOKK.

Conalenments of Cotton, Naval Stores

and otber Produce Solicited.

,c .

TECDTES ORDEKS FOK THE PURCHASEAND SALB OP FUTURE CONTRACTS IN THBCX)TTON AND PRODUCE EXCHANGES.

WARBIN EWIN, JB. John M. BtrsN,

o , Ewen Brothers,

COTTON BROKERS,Nos. 31 dc 33 Broad (Street,

NEW YORK.»R

Sawy€rer, Wallace & Co.,•™'« COMMISSION MERCHANTS,

No. 47 BBOADW^AY.^ TJbexBl advances made on cotton consignments.'njedal attention given to orders for contracts for

future delivery of cotton in New York and Liverpool.

Edward H. Coates& Co.SCCCESSORS TO

CLAGHOBN HBRBING & CO.,

COTTON COMMISSION MERCHANTS,No. 116 CHESTNUT STEEET,

PHII.ADKI.PHIA.

WlCMOBB. H.W.HANZUANN. CUMBNSFlSOHn

Mohr, Hanemann& Co.,

litS PEAKI. 8T. 186 GaAVlEK ST.

New Tcvk. New Orleans, La.

Btbciai, Attention Given to the EXE0DTIO^

OF OBDEB8 FOB FDriTKE CONTBA.CT8.

E. S. Jemison & Co.,BANKERS

AND

COTTON COMMISSION MERCHANTS,No. 10 Old Slip, New YorH.

Jemison, Sroce & Co., Oalvegton, Texas

Rountree & Co.,COTTON COMMISSION MERCHANTS

No. 12 OLD SLIP,Cor. Water Street, NEW YORK,

And NORFOLK, VA.BP" Special attention given to the execution of

orders for the purchiise and sale of Cotton for futuredelivery. Liberal advances made on consignments.

JOHN U. CL.ISBY & CO.,COTTON BOYEKS,

:nioNTGoaiEaY, al.a.UBCHA8I ONLY ON 0BDSB8, FOB A COHHISSIOS

iKi4AN,SWANN&CoCOTTON MERCHANTS,

COTTON EXCHANGF BUILDINQ,

., « Tork.

LOANS MADE ON

SOUTHERN SECURITIES.

GEO. STABER,, ALBERT KROHN, Special.

54 STONE STREET, NETT YORK.

COTTOIVStrictly Brokerage and Commission.

Henry Hentz & Co.,COMMISSION MERCHANTS,

8 Sontb frilllam St., New York.EXECUTE ORDERS FOR FUTURE DELIVERY

COTTONat the NEW YORK, LIVERPOOL AND NEW OR-LEANS COTTON EXCHANGES. Also orders for

COFFEEat the NEW YORK COFFEE EXCHANGE.

Correspondents :

Messrs. James Flnlay & Co., Liverpool, London andGlasgow.Messrs. Smith, Edwards & Co., Cotton Brokers,

Liverpool.Messrs. Flnlay. Muir & Co.. Calcutta and Bombay.Messrs. Samuel H, Buck & Co., New Orleans.

A. B. awATHHEY. J. O. BLOBS.

Gwathmey & Bloss,COTTON 71ERCHANTS,

No. 123 Bearl Street, New York.Special attention given to the execution of orders

for the purchase and sale of contracts for futuredelivery in New York and Liverpool.

Geo. Brennecke & Co.,COTTON BROKERS,

No. 110 Pearl Street, New York.FuTUBK Contracts a Specialty.

HENRY H. WARE. OILLIAT SOHBOXDIS

Ware & Schroeder,

COTTON COMMISSION MERCHANTS

111 Pearl Street, New York.

Special attention paid to the execution of ordenfor the purchase or sale of contracts for future de-

livery of cotton. Liberal advances made on coo-

ilgnmenta.

Wm. Hxnby Woods. B. G. MUBPHY

Woods & Murphy,(POST Building,)

16 & 18 Excbange Place.

COTTON, STOCKS AND BONDS.ORDERS IN FUTURE CONTBAOTS

EXEOUTBD IS SEW YORK AND LIVERPOOL

P. O. Box 2348. NEW YORK.

Dennis Perkins & Co..COTTON BE0KEE8,

11? Pearl Street, New York.Orders for Spot Cotton and Futures promptly

IJanuabt 13, 1888.

inisccllaneou§.

Walter T. Match. Benry P. Batch.Nath'l W. T. Hatch. Arthur Jf. Batch.

W. T. Hatch & Sous,BANKERS,

14 NASSAU STREET, NEW YORK.BRANCH OFFICES

1 .13g cilkVel'sl.^No,;;?!.^..Personal attention given at the EXCHANGES

the purchase and sale of STOCKS and BONDS forcash or on marKln.DEPOSITS KKCBiVKD—subject to check at sight

—with interest up(>n balances.Special attention paid to INVESTMENTS aatf

accounts of COUNTRY BANKERS."" HOMEInsurance Company

OF NE1Y YORK,OFFICE, 119 BROADWAY.

Fifty-Nintb Seini-anunal Statemeul,SHOWI.NO THE

CONDITION OF THB COMPANY ON THB FIRSTDAY OF JANUARY, 1883.

CASH CAPITAL $3,000,600 00Reserve for Unearned Premiums 2,110,832 00Reserve for Unpaid Losses andClaims 317,.596 01

NetSurplus 1,774,001 06

Cash Assets $7,208,489 07SUMIttABY OF ASSETS.

Held in the United States available for the PAY-MENT of LOSSES by FIRE and for the protectionof Policy Holders of FIRE INSURANCE :

Cash in banks 1178,463 83Bonds and mortgages, being first lien onreal estate worth $2.786.800)...., 1,178737 44

United States stocks (market value) 4,308i710 00Bunk & RR. stocks & bds.tmurket value) 847,887 50State and municipal b'ds.(market value) 20,000 00Loans on stocks, payable on demanti(market value of collat'W, »6S7,276 24) 491,875 00

Interest due on January 1 , 1883 42 395 loPremiums uncoH'ct'd & In h'nds of agts. 103,136 44Real estate 43,784 27

Total .»7,208,489 07CHAS. J. MARTIN, President.J. H. \YASHBURN, Secretary.

A DIVIDEND of FIVE PER CENT has been de-clared, payable on demand.New York, January 9, 1883.

iETNAInsurance Company

OF HARTFORD.Asseta JanuaiT- 1, 1882 $8,902,272 04Liabilities for unpaid losses

and re-lasuranoe fund 1,774,849 74Capital 4,000,000 00

NET eUEPLUS $3,137,433 »•No. a Cortlandt St., New York.

JAS. A.. ALEXANDER, Agent.

North British

& Mercantile Ins. CoOF

L.ONDON AND EDINBURGH.Dnlted States Board of Managemeuti

N£JW YORK :

SOLON HUMPHREYS, Ch'r'n,(B. D.Morgan& CODAVID DOWS, Esq. (David Dows & Co!)E. P. PABBRL Esq. (Drexel, Morgan &Co.)Hon. 8. B. CHITTENDEN.EZRA WHITE, Es^.J. J. ASTOR, Esq.

CHA8. E. WHITE, SAM. P. BLAGDEN,UANAOEIiS,

Office 54 WUUam St., New York.

O ofnmercial

LJnion Jns,L/o,(or LosjHurt,

ALFRED PELL,Settdent Matuzger.

37 6r ?(? PVa// Street