kmtkHUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES,

VOL. 33. NEW YORK, SEPTEMBER 24. 1881. NO. 84a

JNO. C. LATHAM, Jr.. H. E. ALEXANDER, R. P. SALTER, C. Q. MILLER,Member N. Y. Cotton Exchange, Member N. Y. Stock Exchange. Member N. Y. Cotton Exchange. Special.

LATHAM, ALEXANDER & CO.,

b^^:n":k:ei?,sAND

corTON COMMISSION MERCHANTS,Hos. 16 AND 18 WALL STREET,

Conduct a General Banking Business. Accounts of Banks, Bankers, Mer-

chants and Individuals received on favorable terms, and Interest

allowed on Daily Balances, subject to Check at sight.

Contracts for Cotton for Future Delivery Bought and 8oldon Commission.

Financial.

Phelps, Stokes & Co.,

BANKERS,I. N. PHE1.P8,JAMES STOKKS,ANSON PHBLP8 STOKKS,F. P. OLCOTT,

4S tc 47 ^TaU Street, New York,ISSUE

TRAVELERS* CREDITS,CIRCULAR NOTES,

COMMERCIAL. CREDITS.lONDON CORRESPONDENTS:

Tbe Union Bank of London. Metars. C. J Hambro* Son.

Asa P. PoTTXB. PrMt. J. i. Edot, CHhIcr.

Maverick National Bank,BOSTOK,

CAPITAL, ....... $400,0008VRPLV8, ....... 400,000Account! of BaniM and Bankers lollclted.

CollectioDB ma^ e upon favorable tenns.Strictly flrst-clasB InreBtmeut Securitiea Nego-

tiated;

R.J. Kimball & Co.,BANKERS AND BROKERS,

No. 25 Naaaaa Street, New Yoik.TblTteen Tear>' Membership la Kew fork Stock

Ejcchange.B.J.Kimball, a. B. Lounsbebt. F. e. Bali.a&d,

Membera of N. V. Stock ExcbaDge.

Financial.

BanqueCentrale Anversoise,

Antwerp.Paid-Up CapiUl, • - 9,000,000 Francs.

BQA.RO or DIRBCTOItSFelix Ghisar. President.

, „. __ALFKicD MAQUiMAV (Graff t Maqninaj), Vlce-PrMJ. B. VuN i>EK BKCKB (V'un der tiecke A MarallTJ.OTTO Gu.NTHEK (Corneille-DaTid).EailLE 1>E GOTTAL.Ad. kkank (Frunk, Model A Cie.)ACG. NOTTEBOHM (Nottebobm Frerea).Fr. Duanih {.Michiela Looa). ^ ^

JOH. Da.n. Flurmann. Jr. (Job. Dan. Fuhrmann.)Louig WEBERiEd. Weber * Lie.)

Jcut8 Kaute.nstrauch (C. Schmld A Cle.)

TRAK8ACT8 A

GENERAL BANKING BUSINESS.

Aug. T. Post, Banker,23 NA^SAI; STREET,

BUrS AND BELLS

State, City and County Sccurltie*.

correspondkncjc solicitkd.

Financial.

L(WI« B. TATU>R, Jr. LlNDLir Haisxs

L. H. Taylor & Co.,Bankers and Brokers,

140 SOUTH THIRD STREET,PHILADELPHIA.

Depoalta reoelred subject to check at aUlit, aadInterest allowed or dally balances.

itocka. Bonda* Ac., bouabt and sold on c*>inulsalonin Philadelphia and other cities.

Partloaiar attention alTen to InformaUon ragard-m InTaatmeat Beourttlea.

Lummis & Day,So*. 84 and S3 DBBXEL BUILDINO. Cor. WALb

aild BROAD 8TRKBT8.BANKERS AND STOCK BROKBKS.William Ldmhis, Hi.vkt DAT.

Membar* of Mew Tork Stoek Kiehaiua.

Samuel M. Smith,40 WALL. STREET,

DEALER IN

Cllr Ballwnr Secarille*. Gaa nnd BankStock*, Inaurance Scrip.

Scranton & Willard,BANKERS AND BROKKRS,

T3 BROADWAY, NKW YORK.PKIVATX WIKEa TO

Wlndaor Hotel, Cumberland, Delmootoo'l,Qlla«7 House. Philadelphia.

Boston, Sarateca, Newport.

CORRXSPONDENTO. - Bartlett. Westcott A Co,Uilca; Weetcott A Co.. Syracuse; Westooti, Myera* Co.. Bnsalo; J. T. Leater A Co.. Chica««i EmeryA Hodges, tfostoB. _^__^

Samuel A. Strang,SO PINK STREET, NEW YOBK«

BANKERAND COMMISSION MERCHANT,

Bays ard sella Inreatment Securitiea. All but.

n«u connectad with tallwayi ondartaken.

yiTHE OHRUNKLE. I

Vol.. XXAHl.

rurci^n KxcSisuise.

Erexel & Co.,

Hi->.U SOITB TlilBD Si

Drexel, Morgan & Co.,«VAM. S'JKERT,

COHNER OF BKOAD, SEW TOSK.

!>r«sel, Haijes & Cti

31 :;oiiievard H'lnssmsn-

Pblladelptala. Parts.

POMESTTC AND FOHKION BANKSHS.

*'• ,ou-Stapi:8o!'iuui.;o.Dm!5!ion. Interest allowed

Cibls Traasforo. UvcnUr Letters for Tra-!.i)err,

jT^lWhle In an partu of the yfirld.

ATTOUynTS ATTD AOKNTS OF

messrs. J. S. MOKOAM & CO.,

No. S2 OLD BROAD ST., LONDON.

Brown Brothers & Co.,No. 59 WAH- ST., N. V.,

BUY AND SELL

BILLiS OF F.XCHA1VOEON GREAT BRITAIN AND IRELAND FRANCB,

GERMANY, BELGIUM AND HOLLAND.

Issue Commenial and Travelers' Credits

jy STERLING,ATAILABLB IN ANT PART OF THE WORLD.

And in Francs, in Martinique and Guadaloupe.

RIAKE XEI.EGRA PHIC IKANSFEHSOF MONK*

Between this and other countries, through Londonand Paris

tfalce Collections of Drafts drawn abroad on all

points in the United States and Canada, and01" Drafts drawn in the United States

on Foreign Countries.

'srG."&"G7 CTWard,ASBNTB FOK

BARING BBOTMEKS & OOMPANV,'Si WALL STRBKT. NEW YORK.

28 8TATK STREET, BOSTON.

J.&W. Seligman&Co.

BANKEKS,No. 94 BROABWAF,

KEW YORK.

Issne Letters of Credit for Travelers,

Payable in any part of Europe, Asia, Africa, Aofl-

tralla and America.Draw Bills of Exchange and make teleRraphic

transfers of money on Europe and California.

John Munroe & Co.,No. 8 \rall Street, New York,

No. 4 Post OtUce Square, Boston.CHEQUES AND CABLE TltiNSFEKS ONqeunboe: & CO., paris.

•TKBUNQ CHEQUES AND BILLS AT SIXTIDATS' SIGHT ON

ALEXANDERS & CO., LONDON.

CnOVLAB NOTKB ANT» CkhoITS FOB TRAVKIJtBS.

Forcian Exchangee.

J. & J. Stuart & Co.,33 NASSAU STREET.

BILLS OF EXCHANGE ONRiniTH, PAYNE & SiniTH>S,

BANKEHS, LONDON;BANOHESTER ic COUNTY BANK,

"LIMITED;"

MANCHESTER, PAYABLE IN LONDON

;

ULSTER BANKINe COMPANY,BELFAST, IPJKLAND

AKD 014 THKRATIONAL BANK OP SCOTLAND,

EDINBUKG, AND BRANCHESj

ALSO.

CABLE TRANSFERS AND LETTERS OF CREDIT

John S. Kknnedt. J. Kennedy Tod.

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

Neiv York.

BUT AND SELLlUILROAD INVESTMENT SE0UMITIE8;

Collect Coupons and Dividends;HSOOTIATB LOANS AND DRAW BILLS OF

KXCHANGE ON LONDON-All hnslness relating to the Constrnotlon and

Sqolpment ot Ballroads undertaken.

August Belmont & Co.,BANKERS,

Nos. 10 & 21 Nassau Street,

Issue Travelers' Credits, available in all parts of the

world, through the

MESSRS. DE ROTHSCHILDand their correspondents.

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

Fori-iga Fxcliange.

Morton, Bliss & Co.,35 NASSAU ST., COB. OF CEDAR,

NEW YORK.

Issue Circular Notes and Letters of Credit for

Travelers ; also. Commercial Credits, available in all

parts of the world. Negotiate flrst-class Railway,

City and State Loans; make telegraphic transfers

of money and draw Exchange on

MORTON, ROSE & CO., LONDON.HOTTINliUKR & CO.,

J PARISCREDIT LY0NNAI3, >

AMSTERDAMSCUE BANK, - - AMSTERDAM.

Jesup, Paton & Co.,BANKERS,

52 William Street, New York.

Accounts 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 on

commission.Sound railroad and municipal bonds negotiated.

Sterling exchange bought and sold. Drafts on

Union Bank of London.

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

Cor. Wall and Nassau Sts., New York.

FOREIGIV B.4]«KER§.

CABLE TRANSFERS, BILLS OF EXCHANQEAND

COMUEKCIAL AND TRAYELEBS' CBESITS.

COERESPONDENTS

:

BARING BROTIIERS <& CO., London.

PERIER FRERES <& CO., Paris.

MENDELSSOHN <& CO., Berlin.

NEW YORK

:

William Heath,Charles k. Quincky.

LONDON:Wm. Russell Wise

William Heath & Co.,BANKERS,

10 Ansi:el Court, London, England.Draw Bills of Exchange and transact a general

financial commissiun business. Particular attention

given to American Securities.

William Heath & Co.,BANKERS AND BROKERS,

61 BROADWAY, NEW YORK.Members of New York Stock Exchange.

Knoblauch

& Lichtenstein,BANKERS,

39 WHUam St., cor. Exctaanee Place.NEW YORK.

)Ialte Telegraphic Money Transfers.

Draw Bills of Exchange and Issue Letters ot Credit

on all principal cities or Europe.SPECIAL PARTNER,

DEUTSCHE BANK, Berlin.

HilmerSjMcGowan&CoBROKERS IN

Foreign Exchange, Stocks and Bonds,

63 UTall Street, New York.Special attention paid to orders at the New York

Stock Exchange and New York Mining Board.

J. H. GOADBY A B. E. WALKER,JCINT AGENTS

Canadian Bank of Commerce,16 EXCHANGE PLACE,

BUYAND SELL STERLING FXCIIANGK, CABLETKANSFKKS, ETC.

ISSUE COMMERCIAL CREDITS, AVAILABLEIN AI.L PARl'S OK THE WORLD.

Foreisn Mankcrs.

Nederlandsche

Handel-MaatschappijjThe Netlierland Tradiisg' Society

OF 11 O L L A.N D ,

KSTABLISKD 1824.

Pald-np Capital, 36,000,000 Florin*($14,400,000, Gold.)

Execute orders for the purcliase or sale of Merchau.disc. Bonds, stocks, and other securities. In theUnited states. Europe and llie Kast ; make CoUectlonp,.buy and sell Forei^iu Exchange, and give advancfcnupon Merchandise lor Kxport.

OLIVEli S. CAUTKB, ) AgentsSTANTON BLAKE, } forHENKY K. UAWLEY, ) America

New Yoek, January 1, Itiia.

Office, 142 Pearl Street, New York.

Adolph Boissevain & Co.B A N K K K S

and

cfurainissioN mek<«ants»AMSTERDAM, HOLLAXi.)

N. y. Corresnondents.—lMe»»r«. BL&EK BROS A < l^

Hong Kong & ShanghaiBANKING CORPORATION.

CAPITAL (paid-up) »5,000.000RESERVE FUND 1,900,000

BEAD OFFICE, HONG KONO.The Corporation grant Drafts, issue Letters of

Credit for use of Travelers, and negotiate or collectBills payable at Bombay, Calcutta, Singapore, SaigonManila, Hong Kong, Foochow, Amoy, Ningpo,Shanghai, Hankow, Yokohama, Hiogo, San Francis-CO and London.A. M. TOWNSEND, Agent, 47 William St.

Nederlandsch Indische

Handelsbank,AniSTERDAM, HOLLAND.

Established in 18ti3. .

Fald-Up Capital, 12,000,000 Guilder- ,($4,SOO,000 Gold.)

HEAD OFFICE IN AMSTERDAM.Agencies ii, Batavia. Hoerabaya and Samaran*i

Correspondents in Padang.

Issue commercial credits, make advances on ship

ments of staple merchandise, and transact othf s

business of a financial character in connection with

the TRde with the Dutch East Indies.

BLAKE BItOTIIEKS & CO.,

AGENTS Foif North America ,

18 WALL STREET, NEW YORK.i>s STATE 8TRKKT, BOSTON

Canadian Uaiihcri.

AGENCY OF THE

BankOE

British North America,No. 62 WALL STREET.

Buy and sell Sterling Exchange and Cable Trang.

fers. Issue demand drafts on Scotland and Ireland

also on Canada, British Columbia, Portland, Oregon,

San Francisco and Chicago.

Bills oollected and other banking bnstneaa trans-

acted. D, A. MCTAVISU,/ . t^

Gzowski & Buchan,Bankers and Stock Beokeks,

toronto, canada.

Prompt attention given to Collection of Comraer-eial Bills and Canadian Funds on all points in Cana^da; American and Sterling Exchange, and Stocks.Bonds, etc., bought and sold. „ , ., ,, ,

CorresiiondCMis—Bank ot New York, New York,and Alliance Bank, Loudon.

SarTEMDBu 24, 1881.

J

JTHE CHRONICLE. ifl

Canadian BaiikcrN.

Bank of Montreal.

CAPITAL,I^IKPJLVii,

- (13,000,000, Oold.6,000,000, Uold.

C. F. SMtrnERS, PrOBldcDt.

W. J. BUCHANAN, Qeneral Manager.

XBW lOKK OPFICS,tiou. 69 *c Ul WALL. M'I'HKBT.

WAi.TKR Watson,( »_._,.

ALix'K Lang, ( *«•»"

But and Mil SterllnK Kzohange. Franca and Cabia

Traosfera ; tfraiit Oiinimerclal and Travelers Credit!

avaUablo In any part of the world ; Isane drafta onand miike collections In Chlcaiio and thruugbout

tbe Dominion of Canada.

London Ofllce, No. 9 Bircbln Laoe.

Merchants' BankOF

CANADA.Capital, • - • (.5,600,000 Paid Up.Prealdent. the Hon. JOHN HAMILTON.

Vlce-Proaldeiit, JOHN McLKNNAN, ESQHEAD OFFICE, mON'rilEAL.

OKOBGE HAOL'E. General Manager.WM. J. INUKAM, Aast. Qeneral Mana«ei

BANKERS:LONDON, KNQ.—The Clydesdale Banklnti Comp'jNEW VOIIK-The Bank of New York. N. B. A.The New York Auency buys and sells Sterling Ex-

chanue. Cable Transfers, Issues Credits avutlable Inall parts of the world, luiikes collectums iu Canadaand elsewhere, and issues Drafts payable ut any ofthe oftlces of the bank in Canada. Dentttiid DraftsIssued payable in Scotland and Ireland, and everydescription of foreign banking business undertaken,

tievr York Agency, 48 ExcIiaDse-pIaee.HBNHV HAGUE ) .„„„,.JOHN B. HARKIS JB., f

*«»'>'••

Chicago Branch, lliS WnehlnEton Street.ARTHUR WICK80N, Manager.

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

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

HEAD OFFICE, TOKUNTO.BICAXOBBS:

8t. Catharines. Port Colborne, St. Thomas, Ingersoll,Welland, Feritus, Woodstock, Winnipeg, Man.

Dealers in American Currency & Sterling Exchange.

AKents in London : I Agents in New York:BOSANQirET. SALT A Co., BANK Of MOXTRBAI,,

73 Lombard Street. | 5U Wall Street.

Promptest attention paid to collections payable Inany part of Canada.Approved Canadian business paper, payable tn

gold or currency, discounted at the Head Othce onreasonable terms, and proceeds remitted to any{lart of the United states by draft on New York.

Financial.

CalUornia Banks.

The Nevada BankOF

SAN FRANCISCO.New York Agcuc}', 62 Wall St.

feUBPLUS, INVESTED IN U. S. BONDS,$4,000,000 GOLD.

GEORGE L. RHANDEK, Aeent.ISSUES Commercial and Travelers' Credits, avalt*

able In any part of the world. Diuws ExcoanKe,Foreign and Inland, and makes Transfers of Moneybj Telegraph and Cable.

THE

Anglo-Californian Bank(LIMITKD).

LONDON, Head Office, 3 Angel Cooit.

SAN FRANCISCO Office, 432 California St.

NEW YORK Agents, J. A W, Seligman A Co,

BOSTON Corrcspoud'ts, Massaoliusetts N. B'k.

Aathorlzed Capital, • - $6,000,000.Paid op and Reaerve, - 1,700,000.

Transact a general banking buBiness. Issne Com-mercial credits and Bills of Exchange, available In

all parts of the world. Collections and orders for

Bonds, Stocks, etc., executed upon the most favor.ableUrou. FUED'K F. LOW,

IQNATX 8TE1NUABT,P. N. LU.IENTHAL, Cashier.

Managers.

Financial.

Clark & Bacon,BANKERS AND BROKERS,

3 Pine Street, Hew Vork,

-Jif^W '*" o" commission all Securities dealt Inat the New York stock and the New York MiningKxchanges. Deposits received and Interest allowedon balance!.

Bonds of SuretyshipFOR

EMPLOYEES, & ALL OTHER KINDSOF GUARANTEE BO.NDS.

TUB

Guarantee Conip'yOF NORTH AMERICA,

No. 47 AVILLIAM STHEBT.All judges and officials In this State are now, by

law, authorised to accept the bonds of t his companyIn lieu nf iiutivUiual bonds In aetloDS and proceed.logs at law.Cash capital paid up 370.000Cash assets over 3*^0,000Oepotited at Albany tn U. 8. 4 p.o. Bond* 200,000

.VEir vonjr DinECTons:

i,I>. VEI{.>III,YE, l'n'»t. .Vli^rcbants' Nat. Bank.

. II. SIIEI{.>IAN. I'resl. .Vlechunics' Nat. Bank.KOHKKT It. illlNTL'UN, Messrs. Urinnell, MIn-turn & Co.

A. L. HOPKINS, Vice-President Wabash St.I.imis ,t HaciHc Railroad Company.

JOHN PATON, Messrs. Jesup, Paton A Co.W. H. DYCKMAN. Secretary.

FIDEUTT UUARANXEE BUNDSARE ISSUED BY TUB

FIDELITY &. CASir.4LTr CO.OF NEW YORE,

The only company organized in the United Statesfniarantee nn the ddelity of persons holding posi-tions of 'pecuniary trust and responsibility, thus se-curing aCOllPOKATE UUARANTEE In lieu ol apersonal bond where security is required for thefaithful perforn^ance of the duties of employees inall positions of trust.Full information can be obtained at tbe office, 187

Broadway.Wm. M. IlicnAHDS. President.

Lyman W. Buiggs, Vice-President,John M. Crane, Secretary.

EDWAKii Stakk, General Agent.Directors—George T. Hope, A. n. Hull, G. G.

Williams, \V. O. Low. A. 8. Barnes, H. A. Hurlbut,Geo. 8. Coe, J. S. T. Stranahan, Charles Dennis, Wm.M. Richards, H. n. Claflln, John D. Malrs, Lyman W,BrIgRB, S. B. Chittenden.

Financial.

Albert E. Hachfield,1 7 NASSA U SXHBET,

DeaU tn Investment Securities andBonds Generally.

WANTKJD :

Indianapolis & St. Louis Ists.Columbus & Toledo Ists.Joliet t& Northern Ists.Kansas &, Nebraska Bondfl.St. Joseph & Western Bonds.Cincinnati Hamilton Bl Dayton BondsFOK SALK :

Consumers' Ice Company's Stock,An EiKht Per Cent InTestment

E. S. Bailey,7 FINE SrUEET.

Dealings In

Insurance StocksA SPJECIALTY.

Cash paid at once for the above Securities : orthej will be sold on commission, at seller's option.

WM. C. NOYES,31 NASSAi; STHEET, NEIV VORK,

DEALER IN

GAS STOCKS A^D BOARDS,

TELEGRAPH STOCKS,

TRUST COMPANY8' STOCKS.

City and other Railroad Stocks k BondsAND

BIISCEI,L.ANEOUS SECURITIKB.

N. T. Beers, Jr.,

Brooklyn Securities, City Bonds.

Gas Stocks, &c..

No. 1 NEW STREET,NBW YORK.

J.S. STANTON,

DEALER INPacific Improvement Company,American Cable Construction Company.International Improvement Company,Continental Construction and Improvement Co.«

North River Construction Company,K. y. & Scranton Construction Company,New York, Chicago & St. Louis Subscription, and

all other guotable Construction Stuckjs.

17 NASSA17 SXB£BT«

The Brooklyn Trust Co.Cor.of Montane k Clinton iU., Brooklyn, N. T.

ThlsComnanr ••othnrlsod by ipectal charter toact as reoelrar, tnutue. iiuardlan, axacntor. or a4>mlnutrator.

It can act as Hont In the sale or mananament ofreal estata, colloct Intereit or dlrlileiirls, reeelTereKlslry and tranafar books, or make iiurcliass andsale of (;.,v,.rri,.i....i ..ri...r ....uirllluB."«"''' ' 'itlons, and pan/>na

an""' " n of hnslness, willniitl tiif I.

.

t Mvenlent depi^ltorrformoney. kii-i.kv iidi-kh, President.

CUA«. It. MAliVlN, vica-Prwt.TUUBTKK8:

Wm. B. Kendall, Henry Hanier, Alex. MeOne,John I'. Kolfe, Chas.K. .Maryln. A. A. Low,K. K. Kiiowlton, Abra. n.Raylls. Henry K.ShaldoB,U. iL fierrepont, Uan'lChauncey, John T..Martln,Alex. M. White, Josiah l). I.<.w, Kluley Hopes,

Austin Corbln. Kdmunil W. rorlles.WM. U. BUNKKU, Secretary.

American Cable Con.Continental Con.Mexican National Sub.

Mutual Union Sub.

North River Con.Oregon Improvement,Oregon Transcontinental.

Ohio Central Sub.

D. A. EASTON,NO. 58 BUOADWAY.

Ollifte & Schmidt,No. 72 BROADWAY & No. 13 NEW ST.,

BROKERS FOR THE PURCIIA»«E ANDSALE OF RAILROAD SECURITIES.

C0RNEI.IC8 W. OI.I.IFFB,Member of N. T. Stock Exchaoae.

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

Charuss Scton UExnr. w. Howard Gildxs

Henry & Gilder,68 BKOADWAT, boom 10.

stocks. bomi>:« and .iiiscellaneovssfx'i;rities

bought and sold on commission.Members New York Minini; Stock Exchange.

C0RI<E8PO.VU£NCE SOLICITBD.

Buttrick & EJliman,BANKEHS AND BROKERS,Nos. 37 &: 39 Wall St, New York.

BONDS, STOCKS and IN VHSTMKNT SECURITIESBOUGHT AND SuLD >iN COMMISSION.

C. A. Bdttrick, Member of the N. Y. Stock Exch'KaWm. Ki,i.im a X. Memoer of the N.Y. Mining Kxch'K*

IIVVESTinE.\T SECURITIES.

An assortment of desirable bonds

always in hand.

Correspondence solicited.

ADDRESS:

A. W. Beasley & Co.,

98 BROADWASr. NEW YORK.

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

DEALERS IN

FIRST'CLASS I]KVESTMENTS.Buy and Sell on Commission, for cash or on mar*

Kin, all securities dealt in at tbe New York StockExchange.Interest allowed on daily balitncefl.

All deposits subject to check at sight.

ParticiLlar attention te orders by mail or tele-

graph; _^___

H. L. Grant,No. 145 BBOADTTAV,

NKW YeRK.

CITY BAILROAU Sl-OCKS & BONUSBOUGHT AND SOLD.

See qaotatlonf of Cltj BallrowU In thi* pap«z

'

iv THE CHRONICLE. [Vol. XXXm

Financial.

r^HIclGo'KOCKrisEAND& PACIFIC'-'RAILWAY COMPANY, Sept. 23, 1881.-A Quar-

twlT Dividend of Oae and Three-quarters Per cent

(«1 75) on each share of the capital stock of this

company will he paid on and after the 1st day of

NoTcmber, 1881, to the 8l>»"ih»;^?",Tj° transfe?

r^vi"'Ti.e*\4"n'^s'}erhJS§,'i?n'^rc',|;id^r|«

g?&Ayhe°r^l^xr"''"''°F.°^°T0W8.^T?elfSer

pvFFICE OF CHICAGO ST. PAULi MIN-

^NBAPOLIS & OMAHA BAILWAY COMPANY,

B2 Broadway,New York. September 10, 1881.

A dividend of ONE AND THREE-QUARTERSPer Cent aH per cent) has been declared upon the

preferred capital stock of the company, payab'.e

October 20, 1881, to stockholders of record Septem-

ber 30 instant.

Transfer books close September 30 and re-open

October 24. 1881. B. P. FLOWER, Treasurer.

OFFICE OF THE DUBUQUE & SIOUXQTY RAILROAD COMPANY. No. 52 WILLIAM

STKKirr, NEW YORK. Sept. 14, 18S1.-N0TICE.-A

8eml-Annual Dividend of THREE PER CENTlias this day been declared upon the stock of this

company, payable on the 15th day of October next

at the otace of Messrs. Jesup, Paton A Co., No. 52

William Street, New York, to stockholders of record

at the closing of books.

The transfer books will be closed on the 30th

Inst, and reopened on the 17th of October next.

J. B. DUMONT, Treasurer.

Xi'AST TENNESSEE VIRGINIA & GEOB-

QL*. RAILROAD CO., NEW YORK, Sept. 14, 1881.-

THREE (3) PER CENT will be paid October 1, 1881,

upon all of the Income Bonds of this Company out

of the net earnings, on presentation of the bond at

the Metropolitan National Bank of New York. Per

order of Board. B. G. MITCHELL,Secretary.

Financial.

TO THE HOLDERS OF BONDS OF

THE CITY OF ST. JOSEPH, MO.

We are prepared to exchange any of the outstand-

ing Issues for the new 4 per cent Consolidated

Funding Bonds. The new bonSs will be Immediately

forwarded on receipt by as oi the old ones.

DONNELL, L.AWSON & SIMPSON,

NEW YORK.

Dominion of Canada.THE FISANCIAL ASSOCIATION OF ONTARIO

is in a position to furnish Investors with choice In-

vestment securities, carefully selected, yielding

from SLX to SEVEN AND A-HALF PER CENT

per ancnm. Special attention given to business

from the Dnlted States. Correspondence solicited.

Tbe Financial Association ot Ontarto,

I.ONDON, CANADA.EDWARD LERUEY, Managing Director.

THE HOL,DERS OF THE SECOND MORT-GAGE BONDS OF THE MISSISSIPPI CEN.

TRAL RAILROAD COMPANY are again notifled

that such of these bonds as are valid and overdue

by the endorsement of the President of said Missis-

sippi Central Railroad Company, will be paid on

presentation at the ofBce of the Secretary of the

Chicago St. Louis & New Orleans Railroad Com-pany, 214 Broadway, New York ; and that interest

has ceased and will no longer be paid on any of said

bonds. STUYVBSANT FISH, Secretary,

Chicago St. Louis & New Orleans RB. Co.

N. Y., August 1, 1881.

No. 20 Nassau Street, )

Sew York, Sept. 2.'J.881.

J

THE FOURTH INSTALMENT OF TEN(10) PER CyNTof the second subscription to the

Purchasing Syndicate will be due and payableOct. 1. 1881, at my office. Checks should be to theorder of H. Viliard, and accompanied by the originalreceipt. HE.NRY VILLARD.

OFFICE OF PULLMAN'S PALACE CARCOMPANY,

Chicaoo, Sept. 10, 1881.At the annual meeting of the stockholders held in

Chicago, Sept. 8, 1881, it was resolved to increasethe Capital Stock 12,018,900, being 25 per cent of theentire capital stock of said company.Stockholders of record at date of this meeting

(the transfer books having been closed 3d instant)have the option until October 15, 1881, to subscribefor such stock at par to an extent not exceedingone-fourth of their holdings.Payments to be made as follows ; Fifty per cent

on or before October 15, 1881, for which receiptswill be given, and fifty per cent on or before Novem-ber 18, 1881, at which latter date certificates forfull-paid stuck wilt be issued.Blank forms of subscription and all information

relating thereto may be obtained atThe Farmers' Loan & Trust Company, New York.New England Trust Company, Boston.The Company's Office, Chicago.

A. S. WEIN3HEIMER,Secretary.

WESTERN UNION XELEGRAPaCOMPANY, New York, Sept. 14, 1881.

DIVIDEND No. 87.

The Board of Directors have declared a quarterlydividend of One and One-Half Per Cent uponthe capital stock of this company, from the net rev-enues of the three months ending Sept. 30th Inst.,

payable at the office of the Treasurer, on and after

the 15th day of October next, to shareholders ofrecord on the 20th day of September Instant.

The transfer books will be closed at three o'clock

on the afternoon of the 20th of September Inst.

and opened on the morning of the 17tU of Octobernext. R. H. ROCHESTER, Treasurer.

Office of the i

American Dock & Improvemekt Compant, >119 l.iiiEUTV St., New Yuuk, June 1». 1S81. )

rpiIE AMEIUCAN DOCIv & lUPKOVE-AMI-.NT Company, having reserved the right togay the princliial and interest of their bonds datedctober 1, 1806, at anytime after the first day of

January, 1876, first having given six months' noticeof their intention to make such itaymont, notice ishereby given to the holders of the said bonds thatthe C'omimny, in the exercise of said right, will i)aythe principal and interest of tlie said bonds at theNational Bank of Commerce, on the Slst day of De-cember, 1881, at which date interest en paih bondsWill oeaao" JOHN S. BARNES, Vice-President.

Kountze Brothers,BANKERS,

120 Broadway (Equitable Bnildlrs),

N E IV Y O a K .

LETTERS OF CREDITAND

CIRCULAR NOTESIssued for the use of travelers in

all parts of the world.

Bills drawn on the Union Bank of LondonTelegiaphlo transfers made to London and to

various places in the United States,

Deposits received subject to check at sight, and In-

terest allowed on balances.

Government and other bonds and investment se*

curitles bought and sold on oommlaslon.

WM. D. HATCH, Wm. B. Kendall.Member N. Y. Stock Exch.

Ko. 31 WALL STREET,

BANKERS AND BROKERS,Refer to Messrs. FiSK & Hatch.

FOR CHOICE

6 Per Cent Mortgages,ADDRESS

FR.4XCIS SniTH,Successor to SMITH & HANNAMAN,

Indianapolis, Ind.

Randall & Wierum,50 EXCHANGE PLACE,

Brokers in Railroad Stocks and Bonds,

GOVERSUENTS * FOBEiajST EXCHANGE.Chas. K. Randall, Oito C. Wiebitm.Member N. Y. Stock Exchange.

Financial.

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

BUT AND SILL

GOVERNMENT BONDS. STOCKS AND MISCEL-LANEOUS SECURITIES,

OFFICE OF THt JOCUI8TITA MININGCOMPANY, 18 Wall Street, New York, Sep-

tember 14, 1831.

DIVIDEND No. 1.

The Jocnlstita Mining Company has this day de-clared a dividend of « 100,000. being one dollar ($1)i>er share, payable at the office of Lounsberv &Haggin. IS '(Vall Street, on the 30Lh Inst. Transferbooks close on the 24th inst.After setting aside this dividend, the Company has

a cash surplus of if367,000.H. P. LOUNSBERY,

Treasurer.

Connty, City A: Town Bonds of West. States,Wisconsin Central UK. Old Laud Grant Bonds.

St. JoseiJh & Western KR. Stock.St. Joseph & Pacific UR. Bonds.City of St. Josciih. Mo., Old Bonds.International Improvement Co. Subscriptions,Brooklyn Elevated RK. Securities.American Cable Co. Subscriptions.Midland Railroad of N. J. Securities.Chicago & (irand Trunk RB. Securities.South Carcjllna HH Securities.Grand Rapids & Indiana RK. Stock.Cincinnati Uiclimond ,^ Fort Waviie Stock.

Boiiebt by WM. H. ITLEV,No. 81 FINK STREET, I^HW YORK.

AMERICANFINANCE COMP'Y,

3 & r NASSAU ST., NEW YORK,431 library st., philadelphia,

Portland block, Chicago.

Capital Stock, 81,000,000

SOUND INVESTMENT SBCORI'nES furnishedto Corporate and Private Investors.

CAPITAL FURNISHED OR PROCURED forRailroad Companies having lines under construc-tion, and their Bonds purchased or negotiated.

FINANCIAL NEGOTIATIONS conducted for

States. Counties. Towns and Cities, and for RailroadCompanies and other Corporations.

WILL CONDUCT THE FINANCIAL RE-OR-GANIZATION of Railroad Companies and other

Corporations whose property is In the hands ofReceivers or Trustees.

WILL BUY AND SELL INVESTMENT SECUR-ITIES on Commission.WILL BUY OR SELL DEFAULTED BONDS or

convert them Into Interest-paying Investments.

Circulars and other Information furnished on ap-plication.

JOHN C. SHORT, President,

wm. P. WATSON, Sec>rand Treas.

FITTSBVRO BRADFORD &.

BUFFALO RR. CO.'S

First Mortgaare 6 Per Cent Gold Bonds

FOE SALE AT THE

NATIONAL BANK OF THE REPUBLIC.

Car Trust Bonds.WE MAKE A SPECIALTY OF THESE VERY

SAFE SECURITIES. AND BUY' AND SELL SAMEAT MARKET PRICE.WE OFFER A LIMITED AMOUNT OF DESIR-

ABLE CAR TRUST ISSUES, ADDITIONALLYSECURED BY THE DIRECT OBLIGATION OFTHE RAILWAY EQUIPMENT COMPANY.

CL.ARH, post"* MARTIX,34 PINE STREET.

J.C. Chew,

No. 7 WALL STREET, NEW YORK.TEXAS RAIL^VAYS,

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

stantly on hand

INVESTMENT & SECURITY REGIS-TRY EXCHANGE.

(LIMITED.)INCORPORATED 1881.

40 NEW STREET, NEW YORK.James Macki.v, Pres't. Jobs L. hobson. Secy.C. K. THOMPSO.v, Treas. A. H. Lazahe, G. ManagerFOSTER & THOMSON, Counselors and Attorneys.

This CORPORATION REGISTERS all unlistedSecurities wanted or for gale. „„„.„„A Register of MORTGAGES and PROPERTIES

is likewise kept, for all who desire to INVEST IN,•r TO RAISE FUNDS upon them.Circulars furnished.

Spaicer Ira$k.Geo. F. Fealody. Fred. B. Noyes.

Spencer Trask & Co.,

BANKERS AND BROKERS,70 Broadway, New York City.

Transact a general Banking Business

Stocks Bought and Sold on Margins.

Interest allowed on Deposits.

Brascu OrncES,

Connected by Private Wires,

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

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

Saratoga, N. Y., Grand Union Hotel.

C. H, & E. Odell,AGENTS FOR

Steel and Iron RailMANUFACTURERS,

104 JoUn Street, Booms 10 & 11,

KEW YORK CITY.

I

xmmtHUNT'S MERCHANTS' MAGAZINE,

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.[Entered, according to act of Congress, In tlie year 1881, by Wm. B. Dana A C!o.. In the •fflce of the Librarian of Congress, Washington, D. CI

VOL. 33. SATURDAY, SEPTEMBER 24, 1881. NO 848.

CONTENTS,THE CHBOKICLE.

President Garfield 315The New rreaiiUmt 316The Financial Situation 316The Egyptian Difficulty 318

THE BANKERS' GAZETTE.

Monetary and CommercialEnglish News 319

Commercial and MisceUaneousNews 321

Money Market, Foreign Ex-change, U.S. Securities, Stateand Railroad Bonds andStocks 322

Baoge in Prices at the N. Y.Stock Exchange 323

Quotations of Stocks and Bonds 324New York Local Securities 325Railroad Barulnga and BankReturns 326

Investments, and State, Cityand Corporation Finances... 327

THE COMMERCIAL TIMES.

Commercial Epitome 329 I Breadstufts 336Cotton 330 I Dry Goods 337

PRESIDENT GARFIELD.The death of President Garfield is a loss in more than

one sense of the word. In a measure, every human life

is valuable. Even the humblest among us adds something

to the stock of humanity. In one way or another, we all

justify our existence. Our very being is evidence that wehave a place in the natural order of things and form a

part of it. Be our capacity of the most diminutive kind,

we are yet all co-workers, and all contribute to the world's

progress. Our usefulness depends upon our ability to

adapt ourselves to our surroundings, to gauge our powers,

and to find our proper position in the ranks.

"When, therefore, any human life is cut short of its

maturity, the world is a loser. We may be insensible to

the loss, yet the loss is real, nevertheless. The loss is

greater or smaller as the individual is above or below the

average. If he has acquired distinction in the arts, in the

sciences, in the learned professions, or in any of the

various branches of trade and business, the gap left byhis death becomes of course quite marked, is readily

recognized and widely felt. It is not, however, until the

individual combines with mental greatness those qualities

that admit him to recognized leadership and place himwhere he can employ to advantage his natural abilities bydirecting to their proper course some one or more of the

various currents of the world's thought and action, that

Ms untimely removal exercises the greatest efiect and is

most to be deplored; and when such a person happens to

be the ruler of a people, the chief magistrate of a nation,

in the prime of life, just entered upon a new plane of

action offering a wider field for the play of his powers, andwith a future before him big with grand possibilities—thedemise of such a person is occasion for the largest amountof regret, and comes home with peculiar force to everythinking mind. In an event like this, the world doesnot cease to move, but there is a sensible pause, as if to

take breath and prepare^for the change.

Great force of character, immense brain capacity,

peculiar energy, an indomitable will, great persever-

ance, and a rugged determination that readily over-

came all obstacles, are the traits that distinguished the

late President. He was a self-made man in the truest andbest sense of the term. He was early brought in contact

with the world. "While still young he had to fight for the

bare means of subsistence. His was not an easy task.

Yet by sheer force of will and tenacity of purpose he

triumphed where ordinary mortals would have failed.

Struggling to supply his physical wants, he was not

unmindful of his mental needs. He was eager in the

pursuit of knowledge, and when he had acquired the

rudiments of an education he found that his sphere of

usefulness was greatly enlarged. Thenceforward his pro-

gress was rapid. By dint of perseverance he raised him-

self from position to position, and finally reached Con-

gress, where his breadth of mind and depth of under-

standing soon gained for him recognition, and placed himin the front rank of the men of the day. It is not our

intention here to go into the details of his life. Thealmost phenomenal advancement he made is indicated in

the expressive phrase, " From the tow-path to the "White

House," current during the last campaign. Plough-boy,

boatman, teacher, professor, soldier. Congressman, Sena-

tor, President—these were the successive stepping-stones

in his career, and a remarkable career it has been.

It is too early as yet to form a just estimate of his life.

His death, and the manner of it, are so fresh in our

memory that for the time being we are all willing to throw

the mantle of charity over his faults and leave uncovered

only his virtues. Yet there is no denying that he ren-

dered services of a very important character, and at trying

times in the country's history. His career as a soldier

was meritorious, if not brilliant. His work in Congress

during the critical period of the war and the almost

equally critical period that followed, was highly praise-

worthy. By his signal ability and clearsightedness he

was enabled to elucidate many a problem and contribute

to a correct solution of important questions of public

policy. He wavered at times and displayed weakness,

but on the great questions of the day his views were

invariably sound. His efforts on behalf of specie resump-

tion are well known. Business men will also recall with

satisfaction the success attending the brief period of his

administration as President. The unearthing of frauds in

several departments of the public service, and, more par-

ticularly, the refunding of a largo portion of our 5 and 6

per cent debt into 3^ per cent obligations redeemable at the

pleasure of the Government, after Congress and President

Hayes had failed to come to an agreement in the matter,

must certainly be regarded as noteworthy actions. The

3L6 THE CHRONICLE. [V^OL. XXXIII.

last-mentioned achievement should be sufficient to render

his administration ever famous.

Mr. Garfield may not have been perfection. He cer-

tainly had his defects ; but if the worst thai has been

charged against him were proved, it would only bring

-out in bolder relief the strong points in his character. In

his struggle with poverty, in the early days, he must have

been beset by many temptations, yet he came out without

a stain upon his honor. If there had been in the man

aught that was venal, then was the time when it would

have shown itself. On the other hand, in his encounter

-with the more insidious influences that a Congressman has

to contend with, he displayed a guilelessness which was

entirely unexpected in a man of his experience, and thus

paved the way for the allegations that have since been

made against him. But as to these reflections upon his

career it must be conceded he received his vindication last

autumn at the bar of public judgment from the hands of a

iury composed of over nine millions of his own countrj'men.

Say what we may, the truth remains that his was

4n extraordinary nature. A man who not only sup-

ports himself from boyhood up, but educates and cul-

tivates himself, and raises himself from the lowest

plane to the highest, is clearly a man of no mean order,

and deservedly takes high rank in the affections of

the people. We may justly pride ourselves upon

the fact that this man was of our own kin, an American

among Americans, and that he was typical of the manhood

of the nation. That it was possible for him to attain his

loftiest endeavors, is a lasting tribute to the greatness of

our institutions; for it certainly is a point not to be lightly

esteemed that under our Government the highest honors

are open to the lowliest as well as to the most favored. But

the man, after all, is pre-eminent. Such a man would have

made his mark in any country, even in those where there

*re still barriers to the advancement of the individual.

Hence he may be regarded as a product of the civili-

zation of the nineteenth century, and in this sense he

belongs not to us alone, but to the whole civilized world.

It is not wonderful, therefore, that expressions of grief

and profound regret are almost as numerous on the other

aide of the water as on this, and that they are sincere and

iinaSected. Many of the English papers appear in black

borders, and the entire community of nations mourns our

loss. "One touch of nature makes the whole world kin,"

and in our affliction we can -take consolation in the fact

that a bond of sympathy has been established between us

and the nations which will do more to promote peace

and good will on earth than all the paper agreements of

all the potentates on the globe.

THE NEW PRESIDENT.General Arthur succeeds to the Presidency under pecu-

liar and painful circumstances. The avowed object of

the assassin was to install him in office. The mind, there-

fore, involuntarily connects him with the deed, and for a

time there was a vague disposition to make this a reason

for casting discredit upon him. But public temper hasundergone a change. There is a feeling now that injus-

tice has been done him, and that the first estimates of his

character were erroneous. His admirable bearing since

the shooting, and his patient forbearance at a time when,in the eyes of many, he would have been justified in

assuming the functions of the Presidential office, becauseof President Garfield's evident inability to perform the

same, have contributed not a little to this changed feeling.

There is every reason to believe that General Arthur•will make a wise Chief Magistrate. Those that know him

best, speak of him in the highest terms. He has hitherto

been chiefly identified with a faction in his party, but in

the nature of things he can not be the President of a fac-

tion. Such a course would meet with instantaneous popu-

lar disapproval, and might alienate from him the support

of many men in his own party and endanger the ascend-

ancy of the party. Mr. Arthur has not the experience in

public affairs possessed by General Garfield, and probably

is not as able a man, but he certainly has a large

amount of common sense. He is also a shrewd politician.

As such, he will without doubt defer to popular judg-

ment, follow as nearly as may be in the footsteps of his

predecessor, and change very few of the present incum-

bents of office. The public hold the late Chief Magistrate

and his Administration in such high esteem that it would

be hazardous to Gen. Arthur's political career for him to

attempt any marked deviation in the policy inaugurated

last March, with General Garfield's assumption of the

office. Mr. Arthur is sure to recognize this fact, and in

the delicate position in which he is placed, we confidently

believe he will acquit himself with credit to himself and

his country. This belief is strengthened by the excellent

tone and character of his inaugural address delivered on

Thursday.

As to the effect upon business of this change in execu-

tive heads, little need be feared. It is a change of menonly, not of principles. Gen. Arthur belongs to the same

party, and professes the same general principles, as did

General Garfield. As for a Treasury policy, a new Sec-

retary, if such there should be, will have a comparatively

easy task. Eesumption is definitely established, and

refunding is practically accomplished. The 4^ per cent

bonds cannot be redeemed before 1891, the 4s not before

1907, and those at 3^ per cent—which is probably as low a

rate as it is safe for us to assume we can borrow at for

some time to come—are redeemable at pleasure. Nothing

remains for the Treasury to do except to guard carefully

its funds for the redemption of greenbacks, and so con-

duct its operations as to cause a speedy return to the

channels of trade of the money withdrawn from them in

payment of customs and other dues.

Of course there is room here for a good deal of mischief,

and business might suffer severely if any serious misstep

were made, but such a misstep could only occur through

downright incapacity, and of this Secretary Windom has

not yet given any evidence, nor is it likely that a new

Secretary would. There is consequently no reason to appre-

hend that the present very prosperous condition of the

country will be disturbed. Certainly the operations of the

Government are not likely to interfere. And this seems to

be the view now generally taken by business men, for the

announcement of Gen. Garfield's death, and the accession

of ^Gen. Artiur, had no visible effect upon the markets.

To be sure, the occurrence of the sad event had in a

measure been discounted, but were there any anticipations

of unfavorable results to follow from it, the effect upon

values would have been marked and immediate. The

truth ^is, our prosperity rests upon too firm a basis to be

more than temporarily affected by the death of any per-

son, however exalted in position.

THE FINANCIAL SITUATION.The overshadowing event of the week has been of

course the death of President Garfield, Monday night.

This was not entirely unexpected, for in the afternoon of

that day his condition became so grave that it was

regarded as almost impossible that he could survive many

hours. Yet when the most disquieting rumors were put

SKPTE.MBRR 24, 1881,] TBE CHRONICLE. 317

in circulation on the Exchango the market was really

stronger than it had been at any time during the day.

This was mainly the result of manipulation, the market

being firmly held to prevent a break. By tho next day

the end had come and tho suspense was over. Tho news

was received with intense sadness, but it was clear from

the tone at tho opening of the market that the event had

been discounted not only here but in Europe, and that

iittle or no anxiety was entertained as to the effect upon

the future.

After a slightly feverish movement there was a rally

and prices became strong. The Exchange was closed at

noor, ae a maric of respect to the memory of the dead

President. On Wednesday the market was unfavorably

influenced by the fear of active money, and some disposi-

tion was manifested to sell stocks in the expectation that

the closing of the Treasurer's office at "Washington would

tend temporarily to interrupt the disbursements of moneyby the Department. On Tliursday reports that the man-

agers of the trunk-line roads had met for the purpose of

compromising their differences, and some manipulation of

specialties, made an active and generally strong market

until late in tho afternoon, when the tone became buoyant

on the announcement that President Garfield's cabinet had

been retained, for the time being at least, and that there

would be no called session of Congress. This was accepted

as an assurance that there would be no change either in

the political'or financial policy of the Government, thoughof course General Arthur can hardly with propriety

take definite action on the resignation of the Ministers

imtil after the funeral of the late President. On Fridaythere was continued improvement, with Philadelphia &Reading and the Gould stocks leading the market.

Last week it was understood that in a few days Mr.

Windom would declare his purpose regarding calls for or

purchases of bonds. The death of President Garfield of

course prevented such declaration, and it was felt that the

announcement could not well be made until Mr. Windomshould be apprised of his retention in the Cabinet and havehad an opportunity to consult regarding financial matters

with the new President. Notwithstanding that it is not yet

clear whether Mr. Windom will remain permanentlyat the head of the Treasury Department, it is regarded bymany as almost established that a programme will notlong be delayed.

Reports were current on Monday that the trunk-line warwas on the eve of settlement, and that an adjustment of the

differences would be made on terms satisfactory to Mr. Van-derbilt,who is supposed to have inaugurated the fight. Well-informed railroad managers asserted that Mr. Vaaderbilthad been contending for the abolition of differential rates,

which enabled the Pennsylvania and the Baltimore &Ohio to compete for the business of this city, and that hehad at last succeeded in compelling his adversaries to suefor peace. The truth of this remains to be established.

It is understood and generally beUeved that the prelim-

inaries for a settlement were arranged at a meeting onTuesday afternoon, and that the conference of managerson Thursday was for the purpose of fixing the details.

Money has been moderately active this week. On Tues-day loans were called by some parties who feared that thedeath of the President might derange financial matters,and on Wednesday an attempt was made to mark up therates on account of tho closing of the office of the Treas-urer at Washington, as referred to above. On Thursdaymoney was advanced to a small commission, but the supplybecame abundant later in the day. The demand from theWest and South continues more or less urgent, the rates of

exchange at St. Louis and Chicago now ruling at figure*

which permit of a free transportation of gold from this

centre.

There have been no Hhipmenis of gold from Europeduring the week, so far aa known. Tho arrivals for tho

weok amount to $80,000 in guilders from Amsterdam,which came in on Monday. At the current rates for ster-

ling, imports of gold cannot now be made, either as an ex-

chango operation or on speculation, except at a loss.

The Treasury operations for the week include tho re-

ceipt of $.300,000 from the San Francisco Mint. Makingallowance for this there is a net loss, which is a gain to

the banks, of §2,034,653 7G. The Assay Office paid outfor domestic and foreign bullion $3,249,815, including

$3,166,934 for gold received from Europe. The follow-

ing were the daily receipts by the Treasury from theCustom House.

Date.

Sept. 16" 17." 19." 20." 21 ,

" 22.

Duties.

*565,C33 30430.374 24036.065 8162-2,333 09402,703 64715,399 85

Oonsiating of—

Bold.

$204,000103,000208.000277,000144,000318.000

U.S.Ifolet.

$12,00010.000

12,00013,000ll,0On

14,000

Silver

Dotlart.

$1,000

1,000

1,000

1,000

Sitter

Certifleateg.

$349,000261.000416,000331,000248,000353,000

Total. $3,378.514 93 $1.344,000 $72.00U $4,000 $1,961.000

The following shows the Sub-Treasury movement for

the week ended September 22; also the receipts and ship-

ments of gold and currency reported by the principal

banks.

Into Banks. OutofBanks Net.

Sub-Treasury operations, net... $2,034,654493,600

$ $2,034,654Interior movement •> na^ nno •1.595,400

Total $2,534,254 $2,095,000 $439,254*L,068.

The interior movement, as above, embraces all the

receipts and shipments of gold and currency reported to

us by the leading banks for the week ended September 22,

which (stated in our usual form) are as follows.

Receipts al and Shipmentsfrom N. T. Reeeined. Shipped.

$469,60030,000

$515,0001,530,000Gold

Total $499,600 $2,095,000

The Bank of England return for the week shows an

increase of £265,000 bullion. This is the first gain since

June 30. Then the amount of bullion was £27,234,919,

the reserve was £16,030,879, and the proportion of reserve

to liabilities, 44|- per cent. Last week the ballion wa»about £23,044,018, a loss of £4,190,901, and the per-

centage of reserve to liabilities was 40 11-16, a decrease

of 3 7-16 since June 30. The Bank of France shows &gain for the week of 712,500 francs gold, and a loss of

2,600,000 francs silver. The Bank of Germany, since our

last report, has lost 5,300,000 marks. The following exhib-

its the amount of bullion in each of the principal European

banks this week and at the corresponding date in 1880.

Bank of EnglandBank of FranceBank of Germany

Total this weekTotal prevlonsweek

Sept. 22, 1881.

Ootd.

23,309,018

24,519,532

8.984,970

Silver.

50,245,610

18.678.870

Sept. 23, 1880

aold.

28.323,607

29,035,7748,932,000

56,813,520 63,924,480 66,291,381 68.149,95056,586,613 69,227.230 66.380.311 67.900,694

Silver.

50,285,95017,864,000

Foreign e.Kchange is quiet, and is inclined to be heavy,

owing to the more liberal supply of bills, drawn chiefly

against cotton. There is very little margin of profit for

a movement of securities, as will be seen by the follow-

ing, showing relative prices of leading stocks and bonds

in London and New York at the opening each day,.

318 THE CHRONICLE. [7oL. xxxin.

D.3.4S.C

Brie2d con.

Dl.Cent.

N. Y. C.Beading

Bzch'ge.cables.

Stpt. 19.

London

priced.*

:iao3*101-22

44-43

ioa-6S

131-08

143-85

Sl-79t

N.Y.prices.

Land'npricfs.*

117

101>^

445*

lO-25«

moji143«

635i

4-85«

Sfpf. 20.

jr.r.

prices.

;;6i)3j

101-22

4S'02

102-44

131-57

143-4tJ

31BH

Lond'nprices.*

n7>«lOlW45

!02«

131M143?«

em

4-85«

Sept. 21.

N.T.prices.

116-27*

101-22

46-37

103-16

18-2-05

144-07

S2-B4r

LoruVnprices.*

117«

lom

103M1313*

143H

i-i5\4

Sept. 22.

JT.r.

prices.

U8 2T*

101-22

45-8-:

103-ltJ

133-54

14370

83-25t

Lond'nprices.*

117?«

lOlM

103J^

13m143«67

4-e5i<

Sfpf. 23.

N.T.prices.

116-52*

101-22

46-60

103-80

;33-02

113-70

85-19+

.117?^

101«

46W1035^

1325«

U2rn

4-85^<

• Bipressed In their New rork equivalent.

+ Ke»<llnB on basis of $50, par value.* Ei-dividend.

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

cable transfers, which ordinarily covers nearly all charges, such asInterest, insurance and commissions.

Government bonds were slightly depressed on Monday

afternoon, by reason of the unfavorable news from Long

Branch, but on Tuesday, notwithstanding the death of the

President, there was a rise. Although dull, the market

has been strong, and bankers look for a renewed invest.

ment demand.

TffJE EGYPTIAN DIFFICULTY.

In the peculiar circumstances in which the whole of

Northern Africa finds itself, it would have been strange,

indeed, if nothing had occurred in Egypt to show that she

too was sharing in the general excitement. There is

undoubtedly a widespread feeling throughout the Moham-

medan world that danger is threatened by Christian

aggressiveness. There is also a deep-rooted conviction,

not perhaps very generally or very loudly expressed, that

if resistance is not made in time the power of Islam will

be broken and its prestige damaged forever. It is the

existence of this state of mind which explains the general

and visible unrest of the Moslem, and the irritation which

has followed the French invasion of Tunis.

It is not possible completely to dissociate the recent

Egyptian emeute from this general condition of the Moslemmind. Nowhere are the Mohammedans more devout than

in Egypt ; nor is there anywhere in Moslem countries a

more pronounced Mohammedan city than Cairo. Hermosques almost rival in number and in grandeur those of

the imperial city of Constantinople ; and her University

or School of Theology is the pride of Islam. The secret

of the present difBculty, however, must be sought in causes

more immediate. Egypt, as is well known, has for the last

two years been largely under the control of France andEngland. It is just two years since she passed through agreat and trying crisis. Her finances had become hope-

lessly embarrassed. In his distress the then Khedive,Ismail Pasha, repeated what he had often done before

—

called in the aid of England and France. It was their

advice that he should resign ; but while he was fighting

for terms, the Sultan deposed him. By the firman of

August, 1879, Tewfik Pasha was confirmed on his throne;

but he was deprived of much of that power which tenyears before had been conceded to his father. In 1873,at an enormous cost, Egypt had obtained juajj-inde-

pendence. In 1879 the Sultan resumed his sovereignrights

;and the new Khedive found that he could not,

like his father, either raise loans, or indefinitely increasethe army.

The hardship was not in the special restrictions, but inthe loss of independence. It was another condition pre-cedent to his obtaining power, that the new Khediveshould aUow the finances of the country to be managedby a joint French and English commission. All theDaira, and all the Domain lands, all the customs andall other sources of revenue, have since been in the handsof the Commissioners. The revenue is about £10,000,000,of which some £7,000,000 are paid as tribute to the Sul'

tan. The debt to be paid, when the Commissioners

assumed control, amounted to £18,000,000. It will thus

be seen that their position has been no sinecure. But it

is not in the nature of things that a government and

people so situated should be contented. The Khedive is

the nominal ruler. "With the aid of his council, at the

meetings of which the French Commissioner and the Eng-

lish Commissioner are present but have no vote, he is

supposed to direct and control the affairs of the country.

But the money power is in the hands of the Commission-

ers ; and where the money power is, there is the actual

authority. The Viceroy, with all his show of authority, is

really helpless ; and the resources of the country are

drained to satisfy foreign creditors. Of course, it is not

intended that this state of affairs shall continue; but

while it lasts, it is humiliating to the native ruler, and dis-

heartening in the extreme to the native population.

To no class is tne present arrangement in Egypt more

offensive than to the soldiers. It is all the more offensive

to them that they are aware that there is a disposition on

the part of the creditors to have the military force greatly

reduced if not disbanded altogether. The Egyptian army is

looked upon by the Commissioners as not only useless but

dangerous. It is here that we must find an explanation

for the present Egyptian discontent. It is by looking at

Egypt from this standpoint that we can understand why a

decision on the part of Rlaz Pasha, President of the

Council, to remove the Fourth Regiment to Alexandria,

should have brought Araby Bey, with his imperious de-

mands, to the palace of the Abdine, and why in com-

pliance with these demands the Khedive should have dis-

missed his ministers.

The situation is less alarming than it was a few days

ago. The refractory Colonel and his associates have

pledged themselves to submit to and defend the Govern-

ment. Cherif Pasha has successfully formed a Cabinet.

But who can tell how long the present lull will last ?

What guarantee of safety is there while the army is in the

hands of a man who can turn it against the Government at

any moment ? If Cherif Pasha should have a mind of his

own, as he has, and should fail to give satisfaction, what

hinders it that Araby Bey, or some other leader like-

minded, should repeat the scene at the Abdine, and show

that the Government and people of Egypt are completely at

the mercy of the army ? It is simply absurd, in fact, to

suppose that there can be any permanent or satisfactory

settlement in Egypt until the army is disbanded.

But this implies the occupation of the country by

another army; and the question is—what shall that armybe ? Shall it be an English army or a French army ?

Shall it be a united French and English army? Shall it be a

Turkish army, or a united Turkish and English army ? If

peace and apparent contentment shall attend the efforts of

the present Ministry, it is just possible that the difficulties

which beset occupation may tempt France and England to

yield to a policy of inaction. It will be a blunder, if they

do. Something should be done, and done at once; and it

is the business and duty of the British Government above

all others to be prompt and decisive. A joint French and

English occupation would only be a compromise. ATurkish occupation would, in our judgment, be a hugeblunder and a cruel wrong not only to the Egyptian

people themselves, but to all resident Europeans, TheTurks really never had a foothold in Egypt; and whyshould they now ? If Turkish rule was not reckoned goodfor Bulgaria and Servia and Greece, why should it be

reckoned good enough for Egypt ?

A Palmerston or a Beaconsfield would not hesitate ia

Sritembkr 24, 1881.] THE (CHRONICLE. 319

the premises. But with his well-known love of peace and his

disinclination to conquest, it remains to be soon how Mr.

(iladslone will act. Will ho lot slip the opportunity to make

Egyptan integral part of the Hritish Empire, and so complete

and perfect the highway to India? To British occupation

France alone could object; but France, by hex action in

Tunis, has robbod herself of all right of interference.

|^oiict;vvi}5(!^ommcvctalguoU5U|3lcius

IFrom our own corresponUent.]

LoNDos, Saturday. Sept. 10, 1881.

The K<>ld market has been decidedly quieter during the week,

and no movements of importaiu^e have taken place ; but it is in

a state of considerable uncertainty, and business is conducted,

therefore, with much caution. On the Stock Exchange prices

Lave been steadily improving, and increased confidence has

been imparted to the markets, owing to a somewhat considerable

fall in the price of wheat. The New York Exchange on Lon-don having advanced, and thore being now less expectation of

gold being sent away in any important quanties to the United

States, there are many who are of opinion that the existing

Bank rate of four per cent is sufficient for the purpose required

of it, viz., to check the outflow of gold. For the present, at

least, that object has been fairly accomplished. Since last

Thursday week there has been only one important operation

in gold in connection with the American demand. But a merecheck to the export movement is less than is demanded. In

the natural course of thing.s there is usually more movementin monetary and bullion circles in the autumn than at other

periods of the year ; and as our stocks of bullion have beenentrenched upon of late, a restoration, in some way or other,

of the supplies abstracted is desirable. As yet the four percent rate of discount has failed to accomplish this, even in avery small degree, though it is said that a few parcels of goldhave been received from the Continent during the last fewdays. The directors of the leading Continental banks have,

however, adopted the same measures as ourselves to protect

their gold supply, and consequently not mucsh gold is expectedfrom the Continent. The supply of bullion held by the Bank,of England has decreased this w^eek to the extent of £327,243,which is partly to be accounted for by the requirements of thecountry for harvest purposes ; and the inference is that if ourposition cannot be restored by means of a four per cent rate of

discount a five per cent rate will before long form the subject of

discussion. There is some reason to believe that the export ofgold to America this autumn will be less than in 1880 and 1879,

but this is at present only a matter of conjecture, and being so,

speculators in securities, controlled obviously by the action ofthe banks and discount houses, are desirous to, and are to someextent compelled to, act with caution.

The value of money in the open market has declined duringthe week to the extent of fully one-half per cent, three months'bank bills being taken at 3j6 per cent, and, in some instances.

at a still lower quotation. The demand for money for com-mercial purposes shows no distinct change, and as there is afalling off in the total of "other securities" of £286,000, it is

inferred that the requirements of the Stock Exchange havebeen curtailed. The present period of the year is usually oneof inactivity in general circles, as there are so many absenteesmaking their holiday tours ; but, in addition to this, there arewell-known reasons for limiting speculative business on theStock Exchange, and any great revival is not anticipated until

something definite is known respecting the probable course ofthe markets for gold and money. The majority of the transactions which had been opened on the Stock Exchange inanticipation of a fall in prices have been closed, and themarkets now present a firmer appearance ; but they are still

sensitive, as the future is involved in some uncertainty. Withregard to money, there is certainly more competition on thepart of the banks and discount houses for bills, and conse-quently the rates of discount are easy as follows :

Per cent. Open market rates— Per cen'.1 4 montlia' hank bills 3»8

6 months' liaiik hills 3°833\4<S[ 6 moatlu' trade blUa. 3^95

Bank rat«.Open-market rates^30 and 60 days' bills 3H@^3 months' biUs S'si'i

The following are the rates of interest allowed by the joint-stock banks and discount houses for deposits:

Per eenl.Joint-stock banksDiscount houses at call J

do with 7 or 14 days' notice of wiUidrawoI.3

The following are the current rates for money at the princi-pal foreign centres

:

Paris

rule.Pi: el.

4BrusselsAmsterdam ...Berlin

.. 43ft

FrankfortVienna

84

Openmnrkel.Pr. el.

39s33\3°a»3\

'.211

4>»4>44

Madrid & otherHpaiilsli cities

8t. PetcrsimrK...GcmivaOoiioaCotMiuhaKcii.

Hankrale.

Pr. ct.

4

4>fl43^

OpenmarketPr. ct.

5St4443>a

Annexed is a .statement ahowhig the present position of thaBank of England, the Bank rate of discount, the price of con-sols, the average. quotation for English wheat, the price ofmiddling upUad cotton, of No. 40 male twist, fair secondquality, and the Bankers' Clearing House return, comparedwith the three previous years.

1881. 18?0.Circulation, excluding £ £.

bank iiost bills 20..'M7,8"0 2(1,0.^9.700Public deposits 5,0.33,190 .5,91.-).7oi>Other di^poslts 25.780.900 1l.»:/2. ;)J0Qoveruni't securities. 14,.5!57,619 15,3i:il792Other SMurltles 22,374,>)37 17,885,«0«

12,422,143 16.411,893Res'veof notes <& coin.Coin and hiiUlou Inboth departiiieuts..

Proportion or reserveto liabilities

Bank rateConsolsEna- wheat, av. price.Mifl. Upland cotton . .

.

No. 40 Mule twist

187D.

28,3t!.%71.'5r).:i«2.932

31.i;i'l.<i-K

10,337,301317.281.71821,170,335

1873.£

20.892.90Rl,12.-.l.'-.2

19.907,37413,791.03117,947,7'2311.177,324

23,190,018 28,374,653 34,836,050 23,070,289

39-961 p. c.

d9385js. 2d.

10i«d.

2's p. c.

97%43s. 3d.

71, ad.ntid.

2 p. c.

97 '448s. 2d.eiSigd.

9isa.71.407.000

5 p. o.95

45s. 4d.

9as1.77.713.000lear'K-house return. 102,930.000 87,205.000

The price of bar silver has declined to 51%d. per ounce andof Mexican dollars to 51>^d. The Indian exchange is lower,India Council bills having been disposed of at Is. 7 13-16d. perrupee.

Two elections have recently taken place, and the new mem-be.rs, when they take their seats in Parliament, have pledgedthemselves to advocate a protectionist policy. There is, nodoubt, an increasing feeUng in this country that as manyimpediments are placed in our way by foreign countries to afree and healthy development of our commerce, we ought, in

self-defense, to exert our power to protect ourselves against ourforeign rivals. To accomplish this is a work of much difficulty,

and one which requires great discretion. Tue Englishman,whether he be a manufacturer, merchant or agriculturist, is

prone to grumble, and his contention is that if matters are not

progressing, they must be retrograding. If, however, we com-pare one decade with its predecessor, we find continued prog-ress, and that the country is still doing a large business. Profits,

no doubt, are smaller, but, at the same time, some middle menmust secure large gains, as the general public derive but little

benefit from the low prices which prevail for many commodities.

For instance, the low price of wool which has now been current

for many years has made no difference in the cost of a suit of

clothes or of a lady's garment, and when it is borne in mindthat at one period the raw material was depreciated in value

from 30 to 50 per cent, it is obvious that a section, if not more,

of trade has secured a liberal profit. Some persons advocate atax on food, because, they say, the foreigner will have to payit; it is difficult to convince such that the burden falls upon the

consumer. There will, no doubt, be some modifications, andmuch will depend upon what new arrangements can be madewith France. We have, fortunately, able men in the govern-

ment who are peculiarly fitted to deal with this question, andwe know that the leader of the Conservative party is by no

means likely to advocate the measures which the new membershave pledged themselves to ventilate. It is very surprising

that men can argue in favor of a tax on food when, as a man-ufacturing nation, it is of the first importance that food should

be cheap, in order that we may produce our manufactures at

as low a rate as goods can be manufactured abroad. England

has, undoubtedly, prospered under free trade principles, andeven the Conservative party are reluctant to relinquish them.

Last Thursday Liverpool was en fete, on the occasion of the

opening of new docks by the Prince and Princess of Wales.

His Royal Highness said that at the commencement of the

present century dues were paid on 43,006 tons, while at the

present time it is on nearly 7,900,000 tons annually. In 1848

the docks and basins numbered only 27, while they are now 53.

In 1846 the length of the quays was 9^ miles, while it nowamounts to 40. In that year the area of water space was 122

acres; it is now 543 acres; and the extent of the dock estate was

506 acres, while it is now 1,545 acres.

The traffic receipts on 14 of the principal railway companies

of the United Kingdom for the current half-year have amounted

to £10,301,583, against £10,020,032 last year, showing an

increase of £284,556.

320 THE (JHKONICLE. [Vol,. XXX HI

Tbe Board of Trade returns for the month of August and for

the eight months ended August 31, show gratifying results.

The increase in our exports is considerable, being about f2,000,-

000 sterling, and there is reason to hope that the improvement

will be maintained, as there is a large export movement in

progress in the department for iron goods. Trade is evidently

not so unsatisfactory as has been represented, and it would

probably have been comparatively buoyant, were there not the

prospect of the home demand being contracted, owing to a

disappointing harvest. The following are the leading particu-

lars of our imports and exports:

1879. 1880. 1881.

Imports In Ansiist. je28,33.^,009 £31,019.087 «32,691,098Imi'orts in S months 231.622,801 27.'j,<i32,435 263.G56.018ExpmtH iu AuKiist 17.33l!,308 19,114,313 21,180,695

E.\l>.>rta ill 8 montba 12;i,773,923 147,018,630 150,91.9,059

The following figures relate to the eight months ended

August 31:IMPOKTS.

1879. 1880. 1881.Cotton ewt. 8.370.038 9,745,969 10,563,771

EXPORTS.1879. 1S80. 1881.

Cotton cwt. 1,105,752 1,337,688 1,216.207Cottouyam Iba. 149,886,000 133.800,300 167,394,200Cotton piece goods....yard.s.2,359,83-2,20a 2,878.009,700 3,158,474,800Iron and steel. tons. 1,693,053 2.70"),485 2,445,900Linen vain lbs. 11,966,700 10,602,700 11,791.800Ltnen piece goods yards. 110,634,000 118.776,700 118,613,100Jute umniifai-turcs....yards. 103,858,900 113,854,500 131,559,000Silk manufactures i 1.100,843 1,335,197 1,634,297British wool Iba. 5,340,700 14,290,400 7,864,300•Colonial and foreign wool.lbs. 161,360.405 151,941,696 163,935,033Woolen vara lbs. 20,.531,500 18,307,.500 17,738,000Woolen "cloths yards. 29,811,700 33.791.700 36.184.900Woi-sted stuffs yards. 125,674.800 139,303,300 129,003,400Blankets & blaukettug. yds. 3,418,200 3,891,000 3,081,500Flannels yards. 3,011,300 3,458,900 4,722,800Cariiets yards. 4,117,100 0,454,600 5,956.700

The following were the quantities of cotton manufacturedpiece goods exported in August, compared with the corres-

ponding period in the two preceding years :

1879. 1880. 1881.Exported to— Yards. lards. Xard^.

<3ermany 4,325,900 3,378,600 3,685,100Holland 2,444,800 3,222,700 3,225,600ri-ance 4,923,900 3,959,300 3,542,300Portiig!!,!, Azores & Madeira. 3,738,900 4,569,300 4,599,300Italy 6,633,600 4,173,200 7,561,900Avistrlaa Territories 1,066,500 380,900 788,700<3recce 4.006,400 2,597,100 3.882,600Turkey 36,129,700 32,695,100 32,402.300Effyjit 7,603,700 16,567,200 13,189.100AVest Coast of Africa 1,303,300 3,(!15,500 2,536,900United States 4,597,400 5,692,600 5,211,400Foreign West Indies 7,348,800 9,716,600 10,596,900Mexico 2,970,900 3,807,600 5,128,200United States of Colombia(NewGrauada) 2,739,700 3.270,200 5,758,600

Brazil 18,220,100 20,(i43,800 19,837,000Urnu'uay 2,536,700 3,516,600 3,795,400Armutiue Republio 4,902,000 5.035,300 9,094,700Chili 4,049,700 6,097,000 0,152.100Peru 811,.'iOO 333,100 2,438,100China and Hong Kong 48,565,100 47.935,800 4.0,975,800Japan 5,612,100 7,567,900 6,923,500Java...... 6,579,300 4.698,700 5.269,100Philippine Islands 1,882,-500 2,238,,500 6,116,200Gibraltar 2,645,700 2,906,700 1,358,500Malta.. 1,6.50,700 4,256,300 2,828,900British North America 3,877,300 4,708,300 5,634,100British West India Islands &^^^'•^^'•i< : 4,240,400 2,930,200 2,234,800Britisu Possessions m SouthAfrica 2,733,100 2,562,700 2,544,700

British India-Bombay 25,010,000 52,412,600 44,688,700i'adras 6,261.400 9,038,400 7,289.800Bengal... 74,188,100 102,381,100 90,047,400Straits ftetUemonts 8,407,700 5,538,300 11,038,500Ceylon 1,257,000 2,003,700 1,488,700

Anstralla.... 2,345,200 4,806,000 6,639,400Other countries 25,036,500 23,8u6,300 29,414,300

Total unbleached or bleaclied 247,681,700 287.256,700 "185,212,300Tola pnnte.l,.lycd.or colored 92,418,100 124,196,000 121,989,200Total mi.\ed materials, cotton ,,

<,^

predominating 1,341,800 2,532,700 3,767,700

Grand total 311,471,600 413,985,400 410,969,200Other manufactures of cotton show as follows:

1879 ISSO 1881Lace and p.itcnt not i 141165 183 776 oAanr,Ho.<ieiv of all sorts * 82^?! 9^805 itl'l^qThna.l for sewing lbs. 1,126,163 953 997 1378207Otliermanr,s.,notcniim'afd£ 70 866 82040 ' 03 350Tot. value of cotton maufs.£ 4,730,076 5,7|2;211 5,673,537The following figures relate to the movements of bullion

during the month and eight months:GOLD.

1879. igao. 1881.

Imports In August.. 447.0B7 53*761 945 061gnports n 8 months.... 10,168,754 4 547 524 7 001241ExiM.rt» In August 1.122 747 1117 168 ^IM^nfiExports m 8 months.... 6.332.970 4,736;877 I'.leo.sltSILVER.

Imports In August 663,141 551955 501101Imiwrtsm 8 months.... 7,803 545 4 485036 4 HSO 137Exports n .\ngust 716,261 40 4 057 606 518ExporUln 8 months.... 7.408.909 S.SSSiosI 5.278913

Imports In Angnst ^^i'.lTo'iSos'"'" *"'7S87 71B 1 44r o- ,ImiH,rt8ln 8 months.... 18 412 S99 9 032'560 ll'Isi'o-SExiwrts n August 1.839008 1611225 -V??.!'?!?Exporlaln 8 months.... 13.741.879 10:^69:971 14:939:8^2

The exports of gold to the United States in August amountedto f1,371,289, against £694,570 last year; and during the eight

months to £5,658,794, against £790,078 last year.

The weather has been somewhat variable, and in the early-

part of the week heavy rains fell throughout the country.

During the last few days there has been all the appearance of

autumn, and the temperature has been low for the time of

year. Some progress has been made with harvest work, but it

has not been as rapid as could have been desired. The condi-

tion of the produce is for the most part unsatisfactory. Thetrade for wheat was dull in the early part of the week at anaverage reduction of about 4s. per quarter, but the marketcloses with rather a better appearance.

During the week ended Septembers the sales of home-grownwheat in the 150 principal markets of England and Walesamounted to 21,320 quarters, against 16,635 quarters last yearand 16,570 quarters in 1879 ; while in the whole kingdom it is

computed that they were 85,280 quarters, against 66,540 quar-ters and 06,280 quarters. Since harvest the sales in the 150 prin-cipal markets have been 33,9it0 quarters, against 23,804 quartersin 1880 and 34,329 quarters in 1879, the estimate for the whDlekingdom being 130,000 quarters, against 115,000 quarters and137,500 quarters in the corresponding periods respectively ofthe two previous .seasons. Without reckoning the supplies ofproduce fu'rnished ex-granary at the commencement of theseason, it is estimated that the following quantities of wheatand flour have been placed upon the British markets since har-vest. The visible supply of wheat in the United States is alsogiven

:

1881. 1880. 1879. 1878.Imports of wheat. cwt. 2,017,194 3,777,215 3,316,448 1,878.493Imports of flour 458,464 413,939 337,885 184,735Sales of home-grownproduce 589,160 498,500 595.000 1,540,250

Total 3,061,818 4,691,634 4,249,333 3,603,528Deduct exports ofwheat and flour 57,023 46,412 53,518 100,665

Result 3,007,793 1,615,242 4,195,815 3,502,863Av'ge price of ICuglishwheat for season (qr.) 53.^. 6d. 43s. 81. 48s. Id. 45s. 6d.

Visible supiily of wheatiutheU. S.... buah.19,500,000 14,400,000 17,045,773 12,804,250

The following return shows the extent of the imports andexports of cereal produce into and from the United Kingdomduring the first two weeks of the season, compared with thecorresponding period in the three previous seasons.

IMPOBTS.

1881. 1880. 1879. 1878.Wheat cwt. 2,017,191 3,777.215 3,316,418 1,876,493Barley 73,085 140.130 118,376 267,892Oats 548,211 710,168 410,469 368,563Peas 11,768 19,350 21,184 09,589Beans 107,000 48,438 79,868 100,325Indian com 1,397,512 2,016,.596 1,171.825 1,671,333Flour 458,464 415,939 337,855 184,785

EXTOBTS.1881. 1880. 1879. 1878.

Wheat cwt. 51,779 40,631 45.235 96,614Barley 1,264 755 714 3,762Oats .555 2,077 469 415Peas 840 4,714 7,755 832Beaus 2,502 339 1,371 223Indian com 32,973 10,414 80,158 6,593Flour 5,210 5,881 8,283 4,021

The following return shows the extent of the imports ofwheat and flour into the United Kingdom during the season justconcluded, compared with the corresponding period in threeprevious seasons, together with the principal countries whencethose supplies were derived:

WHEAT.1880-81. 1879-80. 1878-79. 1877-7^

From— Cwt. Cwt. Cwt. Cmt.Russia 2,235,226 4,820,758 9,398,304 8,999,607UnltcdStates... .37,662,181 38,138,729 29,492,691 29.124,3.59Brit. N. America 3,165,053 4,788,113 3,363,177 3.382,098Germany 689,808 2,386.690 4,319,289 5,605,897Prance 3,193 6,143 11,985 61,10SChili 1,182,231 1,791.805 548,959 182,596Turkey, &o 346.828 2,460 283,889 237,914Egypt 1,188,532 2,287,946 l,124,0ol 562,113British India.... 3,178,551 2,486,182 716,281 3,830,152

Other entries:: ^''H'llj }3,107,465 2,461,0.5-3 1,578,602

Total 55,990,760 59,815,691 51,724,715 54,135,041

FLOUB.Germany 1,233.883 938,CS0 861,190 1,331,047France 233,018 266,288 355,901 937,912United States.... 8,198,628 7,026,966 5,381,339 3,237,643Brit. N. America 407,119 463,780 393,106 349,085Other countries.. 2,163,014 1,736,612 2,132,854 2,195,171

Total 12,212,562 10,431,726 9,124,388 8,051,660

Annexed is a return showing the e.stimated value of theimports of cereal produce into the United Kingdom during theseason just concluded, compared with the three previousseasons:

18S0-1. 1879-80. 1878-9. 1877-8.Wheat £29,701,361 «34,3':9,137 «25. 452,581 *32.241,960Barley 4,336,126 5,503,936 3,993.069 5,879,971Oats 3,925,204 5,528,685 4,(12,432 4,338,446Peas 933,984 804,440 589,352 806,525Beans 978,318 1,116,673 649,334 1,141,201Indian com.. 11,391.160 9.675.967 10.305,004 12,880.523Flour 9,817,312 8,692,143 7,134,923 7,268,945

Total.... *61,083.465 £65,700,981 £52.136,697 £64,717,641

SSTTElCBKIt 34. 1881.] THE CHllONKJLE. 32 i

It thus appears that duriiig the pa.st sea.son the cost of onrimport.s (if cereal produce wan about £4,.')00,000 less than in the

foruior Heason, which i.s principally due to dimiuished pay-ments on account of wheat, barler and oats. Indian corn andwheat flour have, however, c .st about £3,000,000 more.

BokIUIi market Keports—P«r Oablo.

The daily cloainj? quotations for securities, Ac, at London,and (or breadstuffn and pmvisions at Liverpool, are reported

by cable as follows for the week endint; Sept. 23:

London. Sat. JfOIJ. Tuet. Wed. Thura. Fri.

Silver, pero» d. 5111,,, .nu,„ 51"iifl 51»8 51lli« 5111,gCoiisi'lH for money 995,a 991 ,o" 99I18 995 la 99Bia 99SiaCiiiiBolH fur nceount 91)98 093,» 993i«

84-80 34-8it097,a

84-80995,8

84-55Ki-.-li r.Mit<>« (III Turlgl fr. 85-05 84-80U. 8. .^»^xt•||•(l lato3»iS 104^ 104'

I

104 104 14 104 14 104 14U. 8. 4is.'<ori891 110^ II6I9 I16»a lie's 1161s 116%U. 8. 4(1 of 1907 120 I -JO no's 119% 119% 119%Erie. coniiMon 8took..... 45^ l,j»9 461s 4814 4715 47%

135^ 134^ 13513 137 >« 1361s 1371sPi'linsvlvanlil 66 ^8 671a 671s 67<>8

PUlhiJelplila & Reading.New York Central

32 's 325t 33 33 1« 35 361*147 >4 117 147% 148 »3 148

Liverpool. Sat. -Von. Tuea. Wed. Thur$. Fri.

1. fl. «. d. s. d. ». d. : d. : d.Flonr (ex. State. 100 lb. 14 9 -.4 9 14 14 6 14 6 14 6Wheat, No. l.wh. " 11 1 U 1 11 11 11 U

Siu-InK, No. 2... "Winter. West., n "

10 6 10 n 10 6 10 10 6 10 611 11 11 11 11 11

Cal. white " 10 9 10 9 10 9 10 9 10 9 1^)10Com, mix.. West. " 5 11i« 5III3 ail's 6 lisPork . West, mess . . ^ libl 78 79 30 80 80 80Bacon, long dear, cwt.. 40 49 49 49 53 6 19Beef. iir. mess, nc\v.^t«. 90 :<0 90 90 90 90Laril. i»nnie West. ¥ cwt. ii2 111 9 61 3 60 9 61 01Cheese. Am. ehoiee. new 62 lil 61 61 61 61

©jtrmnxcvcialaudi^Xlsc:etlattC0Wi5%yims.NATioN.iL B.MJKa.—The following national bank was organ-

ized Sept. 19, 1881:

2,562—The Merchants' and Farmers' National Bank of Greensbnrg, Pa.Authorized capital, ^L-jO.OOO; paid-in capital, $150,000.Lewis Traugcr, President ; D. W. Shryock, Cashier.

Imports and Exports for thb Wbbk.—The imports of lastweek, compared with those of the preceding week, showan increase in dry goods and a decrease in general merchandise.The total imports were .'?8,(;()1,422, against $9,078,635 the pre-ceding week and $8,5.50,000 two weeks previous. The ezportsfor the week ended Sept. 20 amounted" to 18,345,639, against$7,(>1",356 last week and $8,442,812 two weeks previous. Thefollowing are the imports at New York for the week ending(for dry goods) Sept. 15 and for the week ending (for generalBuerchandise) Sept. 16; also totals since January 1:

FOREIGN IMPORTS AT NEW YORK.

For Week.

Dry GoodsGen'lmer'dise.

TotalSince Jan. 1.

Dry GoodsGcu'l mor'diso.

Total.

.

1878.

$1,868,2533,793,775

$5,652,028

$58,357,976150,705.522

*209.06.?.4fi8

1879.

$2,784,2334.590,516

$7,374,749

$08,933,919163.123.885

*23i.0.'57.804

1880.

$2,912,6129.881,945

$12,797,557

$98,167,358268,468,935

$388,636,293

1881.

$2,094,9955,906,437

$8,601,422

$82,233,080228,562,095

.$310,795,175

In our report of the dry goods trade will be found the importsof dry goods for one week later.

The following is a statement of the exports (exclusive ofspecie) from the port of New York to foreign ports for theweek ending Sept. 20, and from January 1 to date:

BXPOR-rS FROM NEW YORK FOR THE WEEK.

1878.

For the week... «7..543.295Prev. reported . . 246,836,294

Total s'ee .Tan. 1 .^254.379.589 +213.746.947

1879.

$8,840,466234,906,481

1880.

$8,728,104289,590,479

$298,318,583

1881.

$8,345,639275,090,893

$283,436,532

The following table shows the exports and imports of specieat the port of New York for the week ending Sept. 17 and sinceJanuary 1, 1881:

EXPOR-rS AND IMPORTS OF SPECIE AT NEW YORK.

Gold.exports. Imports.

Week: .Since Jan. 1 Week. Since Jan. 1

Great Britain $ $56,260

6,5002.000

2i6!i!5c100,430

$1,610,812320,380687,56017,8005. .5614.78r>

40,200

$28,701,6743.34!>,4117.108.9491,439.180242,160611,688

1,327,339

FrameGermanyWest Indies.....'.!;"!!Mexico

!

;

South AmericaAll other countries

T»tal 1881.... $

105.606

$375,3462,128,9022,052,038

$2,687,0984,327,5855,893,626

$42,840,40722.523,02125,949,325

Total 1880Total 1879

Silver.Great Britain $231.1.30

14,000$7,498,275

83.650120.60910,204

24!33-724.-280

$16,050

i!i'3720,8795,550

$209,69520,06560,389

655,2911,054,113133,85719,257

i-ruiice...Geniijiny.,..West IndiesMe\ii-oSouth America...All other countries

Total 1881Total 1880 ..

$24o,l.)u

«8.885

$7,761,3.553,616,810

10,3-<1.867

$43,62515,22018,635

$2,152,0.1/3,811,5976,066.187. Total 1879

Of the above import* for the week in 1881, |5,S61 WMraAmerican gold coin and 130,942 American silver coin. Of theexports for the same time, f14.000 were American silver coin.

Chicago & Iowa.—A Rockford dispatch of the I3tbiiaids" The trooble between the CbicMo i Iowa and the ChicagoMilwaukee & St. Paul roads, whicn had its origin with theattempted seizure of the Chicago Rociiford & Ni.rthem Rail-road bv the Milwaukee force, has Anally terminated in theamicable arrangement which has been prophesied for somemonths. The llnal adjustment was had yesterday. • • »It is understood that the Milwaukee will have the right ofcrossing the bridge here and then have forty feet of theChicago & Iowa right of way. From the east side of DavisJunction they will build a track of their own parallel with theChicago & Iowa track. At the Junction they connect withtheir Chicago and Pacific division. The work will be pushedforward speedily, and at no far distant day a new union depotwill probably be located where the Chicago & Iowa nowstands."

—

liaiiway Review.Lake Shore & Michigan Sonthern.—This company has

taken formal possefwion of the Detroit Hillsdale & SouthwesternRailroad. Pos,se.ssion is taken under a lease in perpetuity. Theroad extends from Ypsilanti, Mich., to Bunkers, Mich., sixty-four miles. It was organized in July, 1871. as the DetroitHillsdale k Indiana ; was sold under foreclosure December 28,.

1874, and was reorganized under the present title January 30^1875.

—Attention is invited to the card of the American FinanceCompany, a corporation recently organized in this city with acapital stock of $1,000,000, and with offices al.so in Philadelphiaand Chicago. The company's charter confers full banking andtrust privileges, but it is said to be the purpose of its directorsto do no commercial banking, nor to exercise its functions as a.

trust company, but to confine its business for the present, atleast, to the investment of capital and the conduct of financialnegotiations. The President of the company is Mr. John C-Short, who earned a reputation as President of the New York,New England & Western Investment Company, a corpo-ration which he organized about two years ago, and which,under his immediate management, we are Informed, returned &dividend of 70 per cent on the capital invested, in the shortperiod of eighteen months. Mr. \Vm. P. Watson, the Secret-ary of the company, was for several years national bank ex-aminer for Chicago and the neighboring districts, and is wellknown by our banks and bankers.

—Messrs. Donnell, Lawson & Simpson, of 102 Broadway, NewYork, announce elsewhere that they are prepared to exchangethe outstanding issues of the St. Joseph City bonds for the newconsolidated 43, returning the new bonds promptly on receiptof the old ones.

—Attention is called to the notice in our advertising col-umns of the quarterly dividend of %\ 75 per share, payableNovember 1, 1881, of the Chicago Rock Island & Pacific Rail-road Company.

BANKING AND FINANCIAL.

Immediate Bedemptlon of tbe Called Fives due Oct. 1st,

ivlth Full Interest to Maturity.

re-hv-vestment of the proceeds.

Office ofFISK & HATCH,BANKERS AND DEALERS IN GOVERNMENT BONDS,

No. 5 NASSiU STREET,

New York, Angnst 23d, 1881.

The Secretary of the Treasury having given notice tUat be will redeem,

at any time on presentation, the Registered Five per cent Bonds of 1881

duo October 1st, with full interest to maturity, it is no longer any object

to holders to retain them ; as they can realize at once the full amountwhich the bonds would bring if held to maturity, and talie advantage of

the present comparatively low price of other Government Bonds for

re-iuvestment of the proceeds, besides making double interest on their

money to October 1st.

The notice above referred to applies to all the outstanding Registered

Fives (except those embraced in the call duo May 21), the whole amounthaving been called in for redemption.

We are prepared to receive the Registered Fives at any time and

allow for them the full value of the principal and interest to Oct. 1 , In

exchange for any of the other issues of Government Bonds, all of

which we keep on hand for immediate delivery in any denominations^

at current market rates.

We will make exchanges with National B«Dks having Fives In the

Bank Department, substituting any of the other Issues of Oovem-

ment Bonds, on the most favorable terms.

As the rcdemptioa of the Coupon Fives, which fell doe JMg. 12,

and of the Registered Fives, now payable,—amounting tofteUier to

between $40,000,000 and $50,000,000, most of which are held by

Institutions, Trusts, and Investors, who will require Government

Bonds for re-investment—will create an active demand for Foon.

Fonr-and-a-half», and the Three-and-a-Iialf per cent Continued Fives

and Sixes, those who act most promptly In making their exohange*

or investments will doubtless secure the best results.

Orders, or inquiries for terms of exchange, by mail or telegrapbr

wlU receive prompt attention.^^^^ ^ HATCH.

322 THE CHRONICLE. IVol. XXXIU.

Jitje %nn\uvs' (§^zttU.cwits are kept down by the daily rumors that the Secretary of

the Treasury will soon make a call on them for redemption.

The closing prices at the New York Board have been as follows:

dividends:ThefoUowliur dividends hare recently teen aunounced:

Name of Company.

Railroad*.Boston & Albany (quar.)

Chicago Rock Isl'd & Pac. (quar.)

Denver & Rio Grande (guar.)

Percent.

WhenPayable.

Sept.Nov.Oct.

Booki Closed.(Days inclusive.)

Oct. 1 to Oct. 25Sept. 25 to Oct. 11

«3, 1881-5 P. M.

InterestPeriods.

NEW YORK. FRIDAY. SEPTEMBER

The Money Market and Financial Sitnation.-The death

of President Garfield has been the one subject of absorbing

interest this week. It is safe to say that no event in the history

of the country has ever called forth such universal gnef and

sympathy at home and abroad. Mr. Arthur has quietly suc-

ceeded to the office of President, taken the usual oath, and

simply requested the members of % Cabinet to retain their

places for the time being. A special session of the United

States Senate has been called for October 10.

These are trite matters, published in all the daily newspapers,

but yet they are worth rehearsing as a matter of record in this

report., as the orderly, business-like events which have followed

one of the greatest tragedies at the seat of government ever

witnessed in this or any other country. The wheels of republi-

can government move on in their law-established grooves, and

the universal acquiescense of all parties, without a ripple of

excitement or dissension, furnishes one more evidence of the

inherent strength and stability of our institutions.

There has been rather more activity at the Stock lixclianges,

and prices of securities have generally been stronger, with a

notable advance in some of the speculative stocks.

The money market has been fairly easy, and borrowers have

had no difficulty in supplying themselves with loans on call at 5

m per cent on stocks and 4@5 per cent on government bonds.

The New York City bank statement !a.st week was unfavorable,

and the imports of specie have also fallen off ; but the argument

is made that if Secretary Windom is determined to keep the

money market easy with his Treasury balance, he can let loose

more than enough funds to counteract all these influences.

Prime commercial paper is quoted at 5^@6 per cent, but we

have heard some complaints lately that many of the banks are

80 loaded up with loans on stock collaterals that they do not

care to discount mercantile paper any more, and are getting to

look on the tiansaction as a great favor to merchants.

The Bank of England on Thursday showed a gain in specie

for the week of £205,000, and the percentage of reserve to lia-

bilities was 41%, against 40 11-16 the previous week ; the dis-

count rate is unchanged at 4 per cent. The Bank of France

shows an increase of 375,000 francs gold and a decrease of

4,575,000 francs silver.

The last statement of the New York Citj; Clearing-House

banks, issued September 17, showed a decrease in surplus reserve

of $516,925, the total surplus being $454,125, against $971,050

the previous week.The following table shows the changes from the previous week

and a comparison with the two preceding years

:

6e, continued at S'a.

58, continued at 3^.4>9a, 1891 reg.4iss, 1891 coupin, 1907 reg.

48, 1907 coup.68, cur'cy, 1895. .reg.

68, cur'cy, 1896. .reg.

6s, cur'cy, 1897. .reg,

68, cur'cy, 1898. .reg.

68, cur'cy, 1899..reg.

.^t.

lOO'e10118*11338113%lieie117130131132133131

noo^e101H3««11338lie117130131132133134

Sept.20.

Sept.21.

101lei's

nisiflllSifllie's11714130131132133134

Sept22.

100101 !«'11358•11358'II6I4•II7I4«130'131>132•133-134

1§!-

101lOiJa1131a1131a1163811714130131'132'133•134

* This is the price bid at the morning board ; no sale was made.

State and Railroad Bonds.—There has been renewed activity

in Southern State bonds, and the low-priced bonds have again

come to the front. The decision in Minnesota is made use of

as a lever to raise the prices of all these securities, and in the

street discussions much weight is also placed on the fact that

the South is in such a prosperous condition that it is now com-

paratively easy for her to provide for all obligations. Arkansas

Railroad 7s sold to-day at 17^^; Virginia deferred, 17?^; NorthCarolina special tax, 7%@S; Tennessees, 6S)i.

Railroad bonds have generally been strong on a well-distrib-

uted business.

Messrs. A. H. Muller & Son sold the following at auction:

Shares.200 San Antonio Silver Min-

ing Co 50c. per sU.

100 The Silver Chord MiningCo 50c. per sh.

Bonds.$1,380 Jefferson lus. scrip... 761,000 Metrop. Gasliglit Co.

new 6s, due lUOl 107ifl

5,000 Terre Haute &, Lo-fansport RR. 6s, due910, guar 106

Loans and dis.

SpecieCirculation...Net deposits

.

Iiegal tenders.

Legal reserve.Beaerve held.

BnrpluB

1881.Sept. 17.

Differ'nces fr'mprevious week.

$333.623,800lDee. $466,10065,079,700 Inc. 478,00019,785.800 Inc. 3,600

316.749,500 Inc. 1,921,30014,561,800 Deo. 514,600

$79,187,375 Inc

.

$480,32579,611,500 Dec. 36,600

$454.125|Dec. $516,925

1880.Sept. 18.

$314,123,500CC.5 17,30019,344.500

298,928,70013,517,700

$74,732,17580,035,000

$5,302,825

1879.Sept. 20.

$259,391,00019 942.00021,384,930

228,271,00042,029,400

$57,007,75061,971,100

$4.903,650

Shares.21 Manhat. Life Ins 47610 Park Fire Ins 12546 Jefferson Ins 1559 Corn Exchange Bank— 1725 Third Avenue RR 2525 Equitable Life Assur. So-

ciety of the U. S 25210 Pacitic Bank 16730 Tradesmen's Nat. Bank.. 11450 Mech. Bank of B'klyn ...1834 Union Inv. & Prom. Co. .10210 Sterling Fire Ins 70

Railroad and Miscellaneous Stocks.—The stock market has

been more active, with prices generally higher. After the long

suspense during the sickness of President Garfield it was antici-

pated that in case of his death the market would be strongly

supported and that prices would rise. This was just what

occurred, and the market has since been strong with consider-

able fluctuations.

In the trunk line stocks the event of most importance novr

looked for are the quarterly dividends on Lake Shore &Michigan Central, and it is rumored that the former will pay 2

per cent and the latter will pass; but these reports are not to

be trusted.

Reading has been one of the most active stocks on strong

buying, probably for the next election, as stockholders must be

registered by October 8, to enable them to vote at the election in

January. A report has been industriously circulated that Mr.

W. H. Vanderbilt was a large purchaser on the Gowen side, but

there is no positive proof of it.

The Hannibal & St. Joseph corner is said to have been closed

up until there are only 2,500 shares outstanding not yet settled

up, and the argument in court has been postponed. Central

Pacific has been strong, possibly on the publication of the report

for 1880 and earnings to July, 1881, which will be found on

another page. j 41, /Railroad earnings keep up remarkably well, and thus tar

show no falling off in consequence of the reported failure of

crops. The general traffic is very large, and the quantity of

grain transported will also be large, unless the export business is

choked by the extravagantly high prices maintained by specu-

lation. The following is the report of the Chicago & North-

western (gross earnings only) from June 1 to Sept. 14 (three*

months and two waeks).

Exchange.—The market for foreign exchange is still yerydull, and the asking rates of leading drawers remain the sameas last week. To-day the actual rates for prime bankers' sterl-

ing bills were 4 80>^@4 81 for 60 days and 4 84@4 84?^ for

demand, with cable transfers 4 84^@4 85, and prime commercialbills 4 79@4 79>6. The actual rates for Continental exchangeare as follows : Francs, 5 25% and 5 22^ ; marks, 93M and94?^, and guilders 39% and 39%.

In domestic bills New York exchange was quoted to-day as fol-

lows at the places named : Savannah, bujnng, 5-16 discount,selling, 1-16@3-16 diseount; Charleston, buying, Ya ; selling,

^ discount ; New Orleans, commercisJ, 125@150 discount, bank100 prem.; Boston, 40@50 discount.Quotations for foreign exchange are as follows, the outside

prices being the posted rates of leading bankers :

Earnings. ^ ^^S*';„„

Passenger.:. ^'T^tUnFreight.,^'*«?'rtqExpress S-'VS^

Mall 8p,483Miscellaneous 32,858

1831.$1,504,6735,765,024

95,679131,53845,349

September 23.

Prime bankers' sterliug bills on London.Prime commercialDocimicntary commercialParis (francs)Amsterdam (guilders)Frankfort or Bremcn(reichmarks)

Sixty Days.

4 8012 34 Sliji

4 791234 804 79 »179is5 261485 23%331113 393i93?iS 94

Demand.

$7,542,2701,539.915

481 ®4S54x3 34 83 "a

4 82i2®4 83523193520M''gfl 40ie94I23 949i

United States Bonds.— The government bond marketremains in the same position noticed last week, when the scarcityin supply of 4^ and 4 per cents was noticed and the fact thatas these bonds are all held for investment it is only possible toget them by bidding up till some one will sell. The 3^ per

Totals $6,002,354Total increase

From the early reports of the Louisville & Nashville Com-pany's operations for the fiscal year ending June 30, 1881, the

following table is compiled, showing the net earnings of each

part of the great system. These figures show only the net

earnings over operating expenses, a.nd the increased interest

charge per year will be known as soon as the report is out, in a

few weeks.1880-1.

Main Stem and Branches $1,952,651Memphis Line 108,169Glasgow Railroad b;68lNashville & Decatur RR 346,331Souths North Alabama RR 251,739Henderson DivLsiou 401,934Mobile* Montgomery RR 258,9UOCumberland & Ohio RR 15,347New Orleaus & -Mobile RR 191,1/6St. LouisDivlsion 288,o34Pontchartrain RR def. ip,ol7Owenaboro & Nashville RR def. 4,781PensaeoIaRR 56,86bPensacola .& Selma RR def. 2,158Selma Div. West. RR. of Alabama. . . . 37,44(>

1879-SO.$1,716,161

374,972936

413,254385.518

(llmoe.) 219,138(Imos.) 4.621(9 mo8.) 6,343(Imo.) ..18,587(2 mos.) 58,759(1 mo )

201(3 mos.) def. 847(imos.) 22,364(4 mos.) 1,044(2 mos.) 3,229

Total net earnings $4,198,518 $3,254,280

Skftimbbr 34, 1881.] THE CHRONICLE. 823

RANGE IN PRICES AT THE N. Y. STOCK EXCHANQB FOR THE WEEK, AND SINCE JAN. 1.

STOCKS.

RAII.KOAI>!4.

Bo«lon* N. Y. Air Line pro*..

.

BuffBlo PUti.l.nrK.it WeBtern...Burllii(t<«n i"«>«r Kapld* « «<>•

CaDfuln KouthcmC«lar Fulls & MlnntMUt>litral Iow»Ceotralot Now Jer»*rIViitml PnclfloClie8«i>r»ke .ft Ohio

Do IrtprefDo 2d pref

Ohlcaga A AltonDo pref

Chtrii«o BnrlliiKton * Uulncy..CTilcago A EiMitom lUinolaChicago Milwaukee A St. Paul.

Do pre*.

Chloaeo A NorthwesternDo pref...

Chicago Kock 1 8l. A PafillcChicago St. L. A New Orleans..Chicago St. Paul Mliiu. A Ora..

Do pref.

Clnclnnat 1 9arclnsky A Clev. . .

.

rlevelaliil Col. (In. A IndCleveUiul A Pittsburg guar....Colnnibns Cliio, A Iml. Central.Danburj-A NorwalkDelaware Lackawanna A West.Denver A Klo GrandeDutinnae A Sloui CityEast Tennessee Va, A 0»

Do prel.

.

Oeorgta KR. A Banking CoBauuibal A St. Joseph

Do prefHarlemHonston A Texas CentralIllinois CentralIndiana Bloom'u A West., new.Keokuk A Des Moines

Do prefLake Erie A WesternLake ShoreLong IslandLoiUBiana A Missouri BWer

Do prefLonisTlUe A NashriUeLouisTille New Albany A Chic.Maiihat t.inManhatt.in Beach CoMarietta A Cincinnati, Istpref.

Do 2d pref.Memphin ,t CharlestonMetrxipolitau ElevatedMlcliigan CentralMilwaukee L. sh. A West., prefMilwaukee A NorthernMissouri K.ansas A TexasMissouri PaellicMobile A uhloMorris A ErtsexNashville Chattanooga A St. L.New York Central A Hudson ..

New Y'ork ElevatedNew Y'ork Lake Erie A West..

I>o pref.New Y'ork A New EnglandNew Y'ork Xew llavcii A Hart.New Y'ork Ontario AWestem ..

Do pref.Norfolk A Western

Do prefNorthern Pacific

Do prefOhio CentralOhio A Mississippi

Do prefOhio SoothemPanamaPeoria Decatur A EvansvlUePhilaili IiMa A ReadingPitlalmrt- It. Wavne A Chio...RensselMev A SaratogaKlch.A Allegh.. stock tmst ctfs.Rochester A PittsburgRome Watertown A Ogdensb'gSt. Louis Alton A Terre Uante.

Do pref.St. Lonis A San Francisco.

Do pi-ef, . ..I>o 1st pref.

St Paul A Duluth. ...Do pref '.'.

St. Paul Minneap. A ManitobaScioto ValleyTexas A Pacino '..'.

Toledo Delphos A Burlington"

Union PaciilcCaited Companies of n'jWabash .St. Louis APaclflo.!!!

Do Dref'

^ MI.sCELLAXEOfS. '

Amencan liistrlct TelegraphDelaware A Hudson CanalNew York A Texas LandOregon Railway A Nav. CoPacific Mall....Pullman I'alace CarSntroTuuuelVest Cuion -^u ex.certlflisi*ei

Adams..^.'^'*^*"Aniencan...rnlte.1 States..';» ills. Fargo A Co

Anu-rl.an Cnal•"»''»»

Coloni.l.ii ,.ai* iroil.ous<,li,iiiti„D Coal ..Homcsiake .MiningWttle Pittsburg jflnlng::::Mariposa Land A MlulSgMarjland CoalOntario .Silver .\finlng'.::'"'Quicksilver Mining *

DAILY HIOHKST AND LOWEST PRICES.

Satumaj,Sept 17.

78 7_

9S91 '4

20 >«

39\131'130Ifll 102'.

9a^S»l 'i

2tf't

Si's

119>4 120»B132 132 1.J

125a9;27'«137»4 I3.SI4

137 138S)•78 ...

42 b 43'b10e=i 107»4

91^8 921a

21 21

125 Hj 126=887 »B 89 1486

J4 SS\15»B 16

11334 121

i5^iP^46^4 4

53 54 H12334 120SOHi Si's

9634 97 's

21 >4 2218

1912 •4

7884 1493 'sSi's

19I2I47884 Hi

93 7p

S234

40 41381(H 1053436 3ti34

12434 1243,89 89

14134 144IO634 107>s44^ 431;8834 B<)%

SC, 311a

5539 1478 'e

271a44

Monday,Sept IV.

60 >• eS3,35 25

96 >s 95 'i9II4 91^•29 29-3t•39 4014•29 31

150 1416014

119>9l20 .

131ial3liii12514 1261.J137 1» 1371..,

13634 136>4

42<^ 43106', 107-8

9218 9234185 13521 21-.,

1251a 126 14

87'^i88i\,

87>« 87>8

11838 121

1301a 131 'k

191a 191.J

5314 5314125 126»i,5lia 611a

Tuesday, Wednesday. Thursday, Friday,Sept 20. Sept 21. Sept. 22. Sept. 2.S.

65 •« 667,

96iHi 981a81 14 02

301a 31131 131

15934 16118

119^112113214 132 14126 la 127138i4l.Wi413634 1303,

125

801a661^ 65 's

95 "^ 9702 14 93 '«•29 3040 14 40 14•30 31131 la 131341391601a ieii-j

xll3'8llSHixl26ial26iM1261a 127 »4

138 138137141371a

13564<3 64>a

si66S63

9534 06H9314 93<S261a 29»4801a 40 143034 3034130 Hi 1301a138 ....

160 161

113>4lU>4

4234 44't10738 107"^

21 22

126i4l27i»88 14 90 14

118 1181a

461a 463,1913 191a

9634 97h

Sfiiaii^ia

16>» 17

•84 841a941a 03%SO-a 511a

391a 40361041a 105%36 36

123 la 123 la

8734 89142»8l4334107 10744% 453,891a 8934

183 18430"8 31

55.sola

802H\453,

40 4263=8 65

46 Hi 4775 75

53 541a3834 39 1«7834 7914271a 273,43 14 43 's

39 Is 40"8631a 64 ^e

451a 4674 74

107 H: 1071a

511a 53

12138 1231alOdVj 1901.J30 oil,88 -a 893b

P"'"'"' '"nsol. M^^V'

' uia iiiiijug .'

,, I'oalAIroa..llHiiiUr,,,,! .\i(„iu„i.l<-el»i<,r MiningNew Cenlial Coal...:SUverclitr .Vin.ug

IO914 10913•45

85 8S

61 >a 52

1223,

53 14 65 H,126ig 1271a

97 's 981a

7984 149550

79843,96513(

40 4110.518 100-4331a 35 "a

8Sia 881a14339 144107 10743 46%80 8"

Sl-s 31«8

6439ifl

7927^843 ig

541s39 3^

80 %283i43-8

4OI4 411a64 '4 65 '(

46 46

46

741a 741a

431. 44 1«

107 "a 108 '4

05% 003,135 ....

22 22

12618 127%88^8 OOia88 8816 1630 30

1161a 1181a215 215

13134 1321,46>a 461a

53 55 't125-8 127 3(

08 i)S\

22 14 2234

70 793434 843,93 93=861 613<

4934 411a106 14 107 "a'36 37123 123851a 851a143141431a107 's 10345% 46=189 893,

181 Ja 1811a3II4 31%

55391a79»42844

663j391.J8029451s

410534

41 '(

66 'i

140 140

461a 461a74 14 75

107 10728 28

52 53 14

121

601s 50 's88% 8OI4

4934 51

13488

13480%

•136 13S89 S9691a 6»ia

135 136

5413

•19•234

•3.-. la

1413601a21

"i'-'a

27%36 13

141a61an.

51a 534

108% 109 1»*4315034 10049 50133 1351% 1%

8713 88%

136 13387% 87%•67 6S1I133 133

14•60

1561

30 Si 40 142 2

26 26

12218 123%

5OI3 511a89 9034

50 60109 Is 100 "a

50 60%

1% 1%88% 90ie

65 14 53 1<

Clia 611a

4013 41

102 102

5218 631a25 251a

122 I23I4

50 la

891a

54109•45

51349034

551093450

501, 5113434 13434

lla 1%18714 89

130 1388814 8814«67 69131 131

I26I4I2718188 139137 18 13? la

43 44%107% 108%

96 ig 90%

211a 211a

126% 1263488 14 89%«86ia 9013 13'i27 29

lie II6I4

92-% 92%1311a 1311a461a 461a

5334 65 14

126 H, 126%52 62

9713 98I4

2228

22.428

77 7786 86%9234 94%51 521a

40% 41%10618 107 14

36 36124 12485 85142%143i4108 1104534 46%89 80 3<

1821a 1821a31% 31>a

53 651a39% 39%78% 79%28 28%43 >a 43

40-3 41>467 701a

141 141

46 47%

•4513 461a74 74107 107

10213102%

5134 63%25 25121% 1223,

54% 56%19%•19

27•36 37•14 15•60 612134 22%41 41a 2

1%26

1%26

50% 5389% 94%

65 55109 109%•45% 50I6I34 161%50% 51%

132 135

87% 88% 87% 88

138 128

Bale* oftheWeekBharw.

6427

8164%27

05% 97 S04 06 'f.

2014 29%40 40•30% 31%131 132%138161 161%

113%114%126% 126%126% 127%

137 137

44 14 44^,108 10a%60% 60%96% 97%

136 ....

21% 22

126% 12780 80%•87 001334 14%28 29

115% 116%

132% 132%46% 47%

52 6252% 54 14

125% 126%62 52%

98 98%

21% 21%28 28

86% 8793% 94%523, 53

4134 4234107% 10836% 37

-»2 8614234 143%110%11145% 46%89 89%

182 18231% 31%

50% 5740% 40't79% 80%2834 29%44% 46%

25 26

41 41%70 73

\o

91% 01%46%

73 73•106% 1071;

103 103

53 54125 26122% 123

61% 53192% 04

109 14 10934•46% SO161 16161 51%

•130 136

133 13888 88•68% 70131 131

34% 54%

•19 10%•234 3

27•35% 36%•14 14%

22% 22%403. 41•1% 2

•5% 6

137 13780 89•68% 70134 134

64% 54%

•19 20•2% 3

•28 27•35% 38%14 14

8122% 22%4034 40%•1% 2

^

•5»4 6%"26" 36

60015

u.mi100

32.8<W37,5301,850875520

1,037

7',8S7

48,5201,325

34,650800

2,585

sb'.im20,475

ii;2b670

2,870

RaoK* Blaea Jan. 1, 1881.

Loweet

106,20076,640

7153,7651,135

30028,316

60700

6,6.352,200200

9.100136.810

1,736

10,766

5,710450

2,440100

1,5494,010

76.9304,000

27,37024,9001,520299

4.60017.9152,760

186,4843,680

19518,890

4,7005,830

45,1829.325

17,700

8,800132,970

2048605

300

3,3061,3.W1,900

30142300

19;8252,000

57,42927

46,80041,633

7705,315

61030,220

5100,500

213,793

40355115760

2,120

1251,000890

3,000160

"350300400

120 Jan. 545 Apr. 737 Feb. 2869 Feb. 2463% Aug. 3216 Jan. 1881 Feb. 6B3%Jao. 480% Feb. 2620% Jan. 1883% Jan. 1338 Jan. 25

127 An*. 30140 Mar. 23147% Sept 290 Apr. 21101 % Feb. 2.'.

117 Feb. 25117 Feb. 25181% Feb. 28128 Feb. 2840 Jan. 4S6%An«.2291 Feb. 2641 % Feb. 1

81 Feb. 25127% Jan. 38183^ Ang.2080 May 12

107 Jan. 480 ADg. 2276% Apr. 813 8ept2227 8ept22175 Aug. 174434 Jan. 494 Feb. 20197 Jan. 863 Feb. 26

124 Jan. 438% Ang.l814 Jan. 1041 Jan. 438% Jan. 4118 Feb. 2544 June 416% Jan. 2642 Jnne2270 Feb. 2558 Jan.15% Ang.23 Aug. 20

Jan. 46 Jan. 7

41 Feb. 187734 Sept. 501% Aug.2242 Mar. 2263 May 2037 Aug. 2285 Jan. 2818% Feb. 26

118 Feb. 2563 Jan.140 Feb. 2596 Ang. 2341% July 2680% July 2760 May 10164% Mar. 2627% Aug. 2270 May 1423% July 1453 Ang. 263234 Jan. 1364% Jan. 2623% Jan. 535% Aug. 220734 Jan. 823 Ang. 26210% Jan. 727% Jan. 460 Feb. 25127 Jan. 10130 Jan. 740 Aug.2225% Aug. 2026 Apr. 1

39 Feb. 28-" July 10

Mar. 34Jan. 4Feb. 36Feb. :

. . Mar. 888% Jan. 743% July 1641% Jan. 423 Mar. 10106% Feb. 35188 May 1439 Feb. 2677 Feb. 26

46 Jiu>e2989% Jan. 430 Jan. 16135 Jan. 34534 Jan. 4130% May 14

1 Feb. 677 Apr. 19

120 Jan. 662% Jan. 851% Jan. 4113 Jan. 4

60 May 2335 Jan. 331 Apr. 1015% July 16l%Jan. 634 Jan. 4

24 Aug. 26.'{3% Jan. 1(1

12%8ept 763 Jan. 521 Aug. 625 Apr. 271% July 25

10 June 1

5%Septl71 June 8

2534 Aug. 223% Jan. 11

nigheat

868981902670

33175350121250106

131 May 1671%Jiily 1348% June IS90 May 2600 Jan. 1440% June 3045 May 23113 Feb. 17103% Jane 1838% May 1448% May 1436% May 14156 Jan. 6163 Jan. 7182% Jan. 1795 May 17129% J una 6140 May 28136 Jan. 19147% Jan. 17148% May 3188 May 3361 Jan. 33109% Jan. 3468% June 33101% Mar 33143 May 1033% May 3077 May 24131 Mar. 9113%Jniw 788 Junk 1421 Ang. 4

Aug. 6Aug. 17Sept 11Sept. 17May 23June 18

146% May 21.57% May 1030% June 266 Jan. 270534 June 2

13534 Jan. 2063 June 3038 Feb. 2148 Jnne33110% May 18117%Jnnell46% Feb. 1459% May 2624 Mar 215 May 2193 June 13126 Feb. 14126% Jan. 2064% June 250 May 2764 May 21114%Junel4.3934 June 23131 June 3102 Mar. 21155 Jan. 3130% Feb. 1562% Jan. 1506 Jan. 1084%Jnnell100 June 1343% Feb. 200 Jan. 2020 Aug. 270 May 2651 Mar. 1788% June 2437% May 2160 Sept. 9120 May 2137% June 10

280 June 2467% June 2273% Feb.142 May 17146 June 1080 June 2350 June 1860% June 377% May 12.4334 Kay 3666 June 1481% June 3115%Jane3943% May 489% May 35

107 July 844% July 1673% June 1438 May 13131% July 2191%AtiK.3460 JnneSO08% May 16

74% Feb. 12116% Mar. 740 Ang. 3100 Feb. 3162% Feb. 18161 Ian. 32% Apr. IS

04 June 20

141% Ang. 1380 Sept. 1575 Juno 11142 Juno 18

85 May 2367 June 743 Jan. 1629% Jan. 48% Feb. 7

Apr. 3335 May 2738% JiiuelO21% July 775% J Illy 727 Feb. 174534 May 387 Feb. 14

20 June .1

14 Jan. S7 Jan. 835% Feb. 87 Apr. 13

For FaUYmr iMO.

L«w. ni«i>

10037

1709%117113

66%8887%104100% 30433

61106%8%

6068%61%60

22'i83%16840%09%

925201,9530

773021303%2%29%8375

38%

1310047%1331093047

1552070

2039%142357%

1681813%

112111

IT,IS42% 11385%3360255067

30

80157%36%61%

50603510387%107%

%

13061%

80%81%398790%97%35>436%37%159%160188%

114%134%180146%

48

86%129%26%63110%

83

50%10520091%127%

20%43%4234139%34

17410957%501812%43121130%

49%

29%138138165%127%61%93%

18032%85%

3687%28%44%103

23588%72%139129

3643

48651004079%88

47^

43

8193%SO1476314<4%

106% 183544210«

6519%2836I'e2%16SO9

4520

32311%6203%

66%65118

6543%39%S930%4%

3739%34%

35%35%35

• These are the prices bid and asked—no sale wa» made at the Board.

324 THE CHRONICLK [Vol. XXXIll.

QUOTATIONS OF STATE ANT> RAILROaD BONDS AND MISCELLAI^EOUS SECURITIES.STATE BONDS.

SECTJBITIES.

Alabiuntt—Class A, 3 to 6,1906...Class A, 2 to 5, small...

Class B, 68,1906Class C, 48, 190668,10.208, 1900

6s, funrtert, 18991900...7s, L. Keck & Ft. S. 188

7s, Mcmp. & L.Kock HIl7s, L.R.P.B.&N.O. KR78, Miss. O. & R. H. KR.78, Arkansas Cent. RR.

Connecticnt—68, 1883-4..Oeorgi.l—88, 188678,uew, 188078, endorsed, 188678,(501(1, 1890

XiOiilsiana

—

78, consol., 191478, small

Bid.

77789380

102

2817^817161515

105110111

Ask.

78

36

113-2

llSijilig

6634 67

SECTJBITIES,

Michigan

—

68, 1883 1

78, 1890 1

Missouri

—

6s, dne 1882orl883Os, due 1886Os, due 188768, due 18886s, due 1889 or 1890 ....

Asyl'm or Univ., due '92Funding, 1894.'96Hamiibal & St. Jo., '86.

Do do '87.New York—

6s, gold, reg., 188768, gold, conn., 1887 ....

68, loan, 18836s, loan, 18916s, loan, 189268, loan, 1893

105120

109109 ".J

110110112ii107107 "a

110110103120121122

112112

8ECUKITIE8.

N. Carolina—6s, old, J.&J.

68, old, A.&ONo. Carolina BR., J.&J.

Do A.&ODo conp. off, J.&J.Do conp. off, A.&0.

Funding act, 1866-1900.Do 1868-1898.

New bonds, J.&J., '928Do A.&O

Chatham RBSpecial tax, class 1, '98-9

Do class 2...Do class 3. .

.

Con8oL4s, 1910Small

Ohio—6s, 188G

Rhode Island—68, coupon, 1893-99..

Bid.

3737

140140120120131322225776=4

110

120

Ask.

89

7>a90

SECTJBITIES.

South Carolina—6s, Act Mar. 23. 1869non.fundable, 1888..

Brown consnl'n l>«. 1893Tennessee- (ja, old. 1S92.8

68, new, 18il'2.8-UI00..6s, new series, 1914

Virginia—68, old68, new, 18666s, new, 180768, cousol. bonds68, es.matured coupon6s, consol.. 2d scries .

.

68, deferredDistrict ol Uolumbia—3-65S, 1924Small bondsRegisteredFunding 5a, 1899

Do smallDo registered...

11 >3

10369 "2

"68>i353635

115

4217 "i

107107107110

110

Ask.

105%

681a69

107 'a

RAILROAD BONDS AND MISCELLANEOUS SECURITIES.

Railroad Bonds.{Stock Exchanof Pricc.«.>

Ala. Central—1 St, Os, 1918Atch. T. & S. Fo—4 "2,1920Balt.AO.—1st, 68, Prk.Br.Boat. H. <fe B.—1st mort--Bnr. Ced. R.& No.—Ist, 5sMinn.* St. L.—lst,''s,guIowa C.ife West.-ist, 78C.Bap.Ia.P.& N.-l8t,0s

Central Iowa—1st, 78, '99

Cheasp. & O.—Pur. m'y fd.

68, gold, series A, 1908.68, gold, ser. B, int. def.68, cuiTency, int. del ...

Chicago & Alton—Ist m..Income 78, 1883Sinking fund, Os, 1903..Joliet A Chicago—Istm.Xa. & Mo.—Ist m., guar.2dmort.,78, 1900

St. L. Jaok.ife Ch.—Ist ml8t, guar. (564), 7s, '94

2dm. (360), 78, 1898..2d, guar. (188), 7s, '98.

Miss.R.Br'gc— Ist.s.f. OsC. B.*Q.—8p.c., lstni..'83Consol moit., 78, 19036s, sinking fund, 1901

C. R.I.& P.—6.s,coup.,191768, 1917, registered . .

.

Keo.dk Dea Xl.—1st, g.,!Contralof N.J.—lstm.,'90Ist consol., assented, '99Conv., as.sentcd, 1902

6934100=8 100^4tl20

110II4I2

85 ij

58123

ill"

107

58 1<

107115

120

107ISl^j

12512125

;i»7117II5I8116108109 "2

134136

tl'20»1'24

ti23'123125124

106 "2

94100 "2

llOHi1089594

1(17

108 "2

13312

129129

no8124 12

110i<

110

Adinstment, 7s, 1903...Leh.&W B.—Con.g'd.as,Am. Dock & Im.—Ass'd

C. M. <fc St. P.-lst.8s,P.D2dm.,7 3.10, P. D,, 1898Ist m.,7s, $ g., E.D.,19021st m., LaC. Div., 1893.

.

Istm., I. & M., 1897..Istm., 1. &D., 1899 ..

Istm., C. & M., 1903..Consol. 78, 19052dmort., 78, 18841st, 78, 1.& D. E.xt.,190SS. W. Div., Ist, 68, 1909.Ist, 5s, l.a.<S: Dav., 1910.latS. Minn.Div.,6s,1910Istm., H. & D.,7s, 1910Ch.& Pac. Div., Os, 19101st Chicife P.W.,58,1921Min'l Pt. Div., 5a. 1911).

C.& N.west.—S.f, 78, 1885Interest bonds, 78, 1883Consol. bonds, 7s, 1915Extension bonds, 78, '85Istmort., 78,1885Coupon gold, 7a, 1902. .

.

Reg., gold, 7.S, 1902Binkiug fund, 68, 1929Sinking fund, regIowa Midl'nd-Isl m., 89Galena & Chic—Exten.Peninsula—Istm., conv.Cniicago & MU.-lst m..w Inona A St. P Ist m.2dmort.,7s, 1907....

C. C. C.& lnd's-l8t,78.8. f.Consol. mort., 78, 1914

C St.L.&N.O...Ten.lieu,78Ist m., con., 78, 1897

^M-.^J^"^ O.-Cous., 68C.St.P.&M.-.l8t.G8.19181.0. Wise-Ist, 68, 1930.8t.P.AS.C.-lat, 08.1919

C1UC.& K.IIl.-lst,8.f:,cur.Bel. 1,. & w.—78, conv. '92Mort. 7s, 1907Svr.Blng.A N.Y.-l8t,78Moms A Esaex_l8t2d mort., 1891Bonds, 78, 1900....7sot 1871.1901..Istm..consol., gii«r..78

Del.AH.C.-l8tm./^8,1884Istmort., 7a, 1891 .

1st mort., cxt.,78, 1891ist moit., coup., 78, '94Istmort., reg., 78, '94..l8t. Pa. Div., cp.,78,1917Beg., 78, 1917..

Alb. A Susq.— 1 8t m., 782d mort., 7s, 1885l8t,con8., guar.78,1900

Bens. A Bar,-l8t, coup.Istmort., reg., 1921 ..

Denv. A Kin ar.-l8t,190OIst, conso!., 7s, 1910...

Denv. So. P.A Pac. -1 st , 7sEJ.\ a.AGa.-lst cons. 5a""J—«"tmort., extended.2d mort., ext'd 6s, 19iu8d mort., 7s, 18834th mort., ext'd, 68, 1920othmort. cit., 78, 1888. ,...l8t,consol.,Bold,78.1920.}127I.ong Dock 7)ou.is.78. '93|^nll.N,v.^tK.-lsuni 8l J. .

.

118116118

11012

1243,110

noo

ti25'tl25115111510314113

112 la

124

96

II7121099897

109

llO'sllO's'

127

10312

113113

I33I2

125107

120

127 HitlU110130138138117llOl*10580

I2OI2107'i1061a110112

126120140119

126108118

120129%

1171,

106

116128 12

' Pi ICM nominal.

Erie—Continued

—

N.Y.L.E.AW...New2d,61st, consol., fd. cp.. 7s.2d, consol., fd. cp., 6s.

Fl'tAP. Marq.—M.Gs.1920Gal.Har.A S.Ant'o—lat.Os

1st. La Or. Ext.. 6s,19102d mort., 78. 1904

Gulf Col. A S. Fe—78, 1909Han. & St. Jos.-8s, conv.Houston A Texas Cent.—1st mort., 1. gr., 7alat mort.. West. Div., 78Ist mort.,Waco A N., 7s2d, consol., main line, 8s2d, Waco A N., Ss, 1915Income and indenm'y,7sGen. mort., 6s, 1921

lU.Cent.—Dub.A S. C, 1stDub. A S. C, 2d Div., 7sCed. F. A Minn.—Istm.

Ind.Bl.&W.—Ist, pret..781st mort., 3.45-68, 19092d mort., 3.4.5-68, 1909.

Indianap.D & Spr.—lst,78Int.AGt.No.—Ist, 63 goldLake Shore A Mich. S.—Mich. So. A N.l. s.fd. 7sCleve. A Tol.-gink. td.

.

Now bonds, 7», lt-86..Clove. P. A Ash.- Is...

-

Bnff. A Erie-New bds.Buff. A State Lire- 7s..Kal. A W. PigcOE-1st .

Det.M.A T.—1st ,7 8,1 900Lake Shore—Div. bondsConsol, coup., Ist., 7sConsol., reg., 1st, 7s...Consol., coup., 2d, 7s..Consol., reg., 2d, 7s ...

Louisville. A Nashville

—

Consol., 78, 18982d mort., 78, gold, 1883.CcciUan Br'cTi—7fl, 1907N.O.AMob.-lst,6s,1930E. H. A N.—1st, Cs, 1919Gen'l mort., 6s, 1930.

.

Pensacola Div—6s.l920St. L. Div.—1st. 68, 19212d mort., 3s, 1980

Nashv. A Dec.—1st, 7s.S.A N.Ala.—S.f..6s,1910

L. Erie A W.—1st, 68,1919Sandusky Div., 6s, 1919.

Laf. Bl.A M.—l6t, 68, 1919Louisv.N.Alb.AC-Ist.OsManhat.B'ch Co.—7s,1890N.Y.A M.B'h—l8t,7s,'97

Marietta A Cln.—1st, 7Ist mort., sterling

Metrop'lit'n El.—lst,19082d mort., 68. 189fl .

Mich.Ceut.—Con.,78. 19021st mort., 8s, 1882, a. f

Equipm'nt bonds, 8s,'8368, 1609Coupon, 69,1931Begistered, 5s, 1931.Jacll. Lan.A 8—6s, 1891

MiLANo.—lst,4-6-6s,1910Mil. L.S.AW.—Ist 68,1921Mo. K. A T.—Gen.,con., 68Cons., assented, 1904-6.2d mort., income, 1911..H. A Cent. Mo.—lst,'90.

Mobile A O.—New m., Gs.Morgan's La.ATe.x,] st,6sNash.Chat.A St.L—1st, 782d, Ga, 1901..

N. Y. Central—6s, 3883 ..

69, 18876a, real estato, 18836s, subscription, 1883.,N. Y. C. A H.—let m.,cp.lat mort., reg., 1903 ..

Hnds. B.—78, 'Id, s. f.,'85Canada So,—let, int. gu.Harlem—1st m., 7s, cp,

,

1st mort., 7s, reg.,1900N, Y. Elev'd—1st, 'is, 1906N.Y.Pa.AO.—Pr.l'n.Oa.^.'N.Y.C.A N.—Gen.,68,1910N.Y.A New Eng.-lst, 7sIstm., 6s, 19()5

Nevada Cent.—1st m., Gs.N. Pac—G,l.gr.,l8tcon.68Begistered 6s, 1921

N. O, Pac-lst, 6s,g,,1920Nort.AW,—O.l.m.,08,1931Ohio A Miss.—Conaol, s, f.

Consolidated 7a, 1898,,.2d consolidated, 7«,1911Istm,, Springfield Div,.

Ohio Cent.—1st, Ga, 1920.1st in., Ter'l Tr„ Os, 1920

OhioSo.—1st M., 6s, 1921.Pan.ima—S.F, snb.Gs, 1 897Peoria Dec, A Ev.—lat, 6sEvans, Dlv„l8t. Os. 1920

Pac. BKs,-C,Pac,-G.,6s.San Joaquin Branch,.Cal.A Oregon—

1

at in .

.

tl03

t

1141a

,1081103i115110

iimj1093,115

104

ioo'

id'?'114112120

112

113IIOI2117

104tllO1151239178

105109 12

nii34

tl2678

tllO

1231271a1273^125

121 »8

104

IO6I2

107111

111

126

1051100IO6I410410554

116.

1071a102 la

107

IO6I4119

I25I2106

999812

101

881a106813j112113

ilS's

1121041a1041.,;

137137

107

138

99 Is

1359938

116

i'26"

117

"92""

93

120120120112100 14

106 la

107

ibs'ia108IO5I296

991a88

112

1071a89%

1061.

831a

II312

100103103 1<

95

1211a

90

t And accrued Interest,

1071a

114^8

100 la

100931101091051allSia

106iall07i4

cen. Pacific—Coutinu'dState Aid bond8,78,'84Land grant bonds, Gs.West. Pac—Bonds, Gs

So. Pac. of Cal,—1st, 68.Union Pacific—Istmort,Land grants, 78, '87-9,

Sinking funds, 89, '93

Begistered 88, 1893,,,Collateral trust, Gs

—

Eans, Pac—lat. 6s,"95Istm,, 68, 1896Den,Div,,6s,a8S'd.'99Ist cons,, 68, 1919,.,

Cent. Br, U, Pac—Ist.GsFunded coups,, 78, '95,

Atch,C.A P,..l8t,G8,1905At. Jew. Co.AW.—Ist.GsUtah So.—(Jen., 78, 1909Mo, Pac—Ist consol,. Gs3d mortgage, 7s, 1906,

Pacific of Mo,—1st, 69 ,.

2d mort., 78, 1891St, L.A S.F.—2d, 68, CI.A3-68, class C, 1906S-Gs, class B, 19061st, Gs. Peirce C. A O.Equipment, 78, 1895..

So. Pacific of Mo.—latmTex. A Pac—lst,68,1905Consol., 6s, 1905Income A I'd gr., reglat,Rio G,Div,,G8,1930

Pennsylvania RB—Pa, (Jo's guar, 41-2S Ist c,

Begistered, 1921Pitts, Ft,W,A Ch,—Istm2d mort,, 7s, 19123d mort, 7s, 1912

Clev,Arittsb,—Cous.,9,f4th mort,, 68, 1892

Col, C'h,A I, C— Ist, cons2d con., 78, 1909Ist, Ti't Co. ctfs,, ass'd2d, Tr't Co, ctfs., ass'dl8t,Tr't Co,ctfa„8uppl,

St,L,V,AT,H,-lat,g,,762d mort,, 7s, 18982d m,, guar,, 78, 1898.

Eome W.AOg,—Con,, 1stBoch.A Pitt,—l8t,6s,1921Eich.A All'g,—l8t,7H,1920Scioto Val,—lat, cons,, 7s,St, Louis A 1, Mount,-1st2d mort., 78, 1897Arkausaa Br,—1st mort,Caii-o A Fulton—Ist m,

.

Cairo Ark. A T.—1st m,Gen,c,r'yAl,g,,6s,1931,,

St,L,Alton A T.H,-Istm2d mort., pref., 78, 18942d mort., income, 7s, '94BelleviUeAS.lU,—Istm.

St.P.Minn,A Man,—l8t,7s2d mort., 68, 1909Dakota Ext,—Gs, 1910

Tex,Cen.—l,st,s.f..78, 1909Tol. Del. * Bur.—Main. Us

1st, Dayt. Div., Ga, 19101st, Ter'l trust, Gs, 1910

W. si L. A P.—Gen. ni., GsChic Div.—68, 1910Hav. Div,—68, 1910TolP,AW.—lat, 78,1917Wabash—Mort. 78 of '09Tol. AW.—Ist, ext.,7sIst, St. L. Div., 7s,18892d mort., ext., 7s, '93,

.

Equipm't bonds,7a, '83

Consol., conv,, 7s,1907Gt, West.-lst, 7a, '88.2d mort., 78. 18'J3.,,

Q. A T,—lat, 7a, 1890.lU.AS.L—1st, 7s, 1882Han.A Naples-let, 7sSt.L,K,C,&N,—R.e,,78Om,Div,—Istmort,, 7sClarinda Br,—68, 1919St.C.B.—let, 7-88,1908No. Missouri—1st, 78,

WestU, Tel.—1900, coup,1900, reg

Spring Val, W.W.—Ist, 6aOregonBB.ANav Ist.Gs

INCOME BONDS.(Interest payable if lamed.)Ala, Cent,—Inc. Gs, 1918,Central of N. J,—1908, , ,

,

Chlc,St,L,AN,0.—2d,1907Col,Chic,Al,C'.-Inc.7s,'90Cent, la,—Coup,deb,cert8,Chic.St,P.AM.-L,g,iucGsChic, A E, 111.—Inc., 190"E,T.Va,AG,— Inc,,6s,1931Ind,Bl.AWest,—Inc„1919Ind sDecASpr'd—2d inc.Trustee, certificates,,.

Int. A Ot. North,—2d Inc2d iissentcd, Gs, 190'J,,,

Lake E, AW,—Inc. 79, '99Sand'ky Div.-Inc., 19'20

111

11611634

123

i'lo'

111lllia1063.

107341081411310534117

124'4

100=4 lOlia100

10734113105931a

1059976=8911a

137131131129113

951031051a

1151,1101,11111034

1081201081a

107107

1027792

102

124

123125

901a

97106108108117IIOI4112VIIII411291

119

1071a10812IIOI2

10091

10195

104'-

118IIII2 113llOial10634)110II012 111

117

113107

Lehigh A W.B,(;oal—1888Laf,Bl.AMun.—Iuc,7s, '99Mil, L, S, A W.—Incomes.Mob.AO,-1st pref,deben,2d pref, deVteutures3d x>ref, delientures4th pref. debentures

N.Y.LakeE.AW,- Inc.69,N,Y.P.A (),—1st inc,ac,5-7N,0, M,& Tex,— Deli.scripOhio Cent.—Income, 1920Ohio So,—2d Inc., 69,1921Ogdensb.AL.C—Inc,1920Peoria D, A Ev.—IncomesEvanav, Div.—Inc.,1920

Boch. A Pitta,—Inc. 1921St. Louis I, Mt, A So,—

lat, 78, pref,. int. accum.2d, Gs. int. acc'mulative

St'gl.A B'v-Sel-,B,.inc,'94Plain Income Gs, l.sOG..

St.L.A.AT.H.—Div, b'ndsTolDeLA B,—Inc,Ga,1910Dayton Div,—Ga, 1910,,

Tex.ASt.L,—L,g,,inc,1980

Miscellaneous List,

{Brnker's Quotations.)Best. Har, A E, nciw stockChic.A Can. So.—lat, g„78Chic, A .'-i'west,—78, guar,Cin. Ind, St. L. A Chic—Istmort., Ga, 1920Cin. A Ind.—1st, 7s, '922d, 79, 1887

Ind, Cin, A Laf,-79, '97

7», 1888Col, A llock.Val,—1st, 7s.2d mort., 78

Col. A Toledo—Ist m,, 79,2d mort,, 7s

DCS M,* Ft,Dodg6—Ist.GsGalv,H,A Hen,—7s, g„ '71Gr. EapidsA Ind.—Ist, 791st mort,, 79. guar

—

Ex.land grantStock

Indianap. AViuc—1st, 792d mort., 69

Kanaa9 A Neb.—Istmort..2d mort

Long Island—lat mort.. .

2d mortMidland of N.J.—l9t,new.Income, "A"Income, "B"Stock

N. J. So.—Int. guai„0a,'99N,Y.A(i'nw'd L,—lst,78,n2d mort

St. Joseph & Pac—l9t m2d mort

St, J09, A We9t'n—StockSouth Side, L, I.—1st, 7siTcx, A St. L,—l8t, 0,a,1910

Utah Ci-ntral—1st niortUtah Southern—lat mort.Wis.Cent.— 1 st series, new2d aeries, new

97 1469 '8

98

85971a7062609257

6641

808043

98 9093

30 38i 62

5m40

t23t45

tl20

104110105112106tll7tllOtl20111510379118111210416

1111028227112

51108107341101..

1051100

112117

102

119T„11934

109

98-2100

6018

7205

66

109111

U

1231'20

120

110

971a100

10956

68

74721a

Sonthern Securities

(.Broker's Quotations.)

STATES.80. Car.—Consol. Os(good)Browne, consol

Virginia—New 10.40s...

BAILBOADS.Atl. A Gulf-ConsoI.7s,'9',Atl,A Charlotte—1st, 78..Income, 6sStock

Car. Central—1st, 69, 1923Cent Ga Con9ol. m., 79Stock

(3hari'te C.&A.—Consol.792(1 mort., 78Stock

ChicSt.L.A N.O.—New 59E. Tenu.Va. A Ga.—l9t, 7sGeorgia Bailroad—78

.

69Memph.AChar.-Ist.cons.

1st, consol,, Tenu, lien,.

Miss, Central—Ist m., 7s.

2d mort,, 88N. O. A Jackson-1st, 8sCertificate, 2d mort., 8s

Northeast.,S.C— Istm.,882d mort., 88

Port Boyal A Aug.—l8t,68Bich.A Dan,-l9t, (ions,,68Stock

Southw, Ga.—Conv. 78, '86

StockS.Carolina BB.—Ist m., 78Stock, assessment paid78, 1902, noucnjoined

.

Non.mort. bi>ndsWealem, N. C—lat, 7s...

561148

8382=448

2»6B4

12434

106112107114

12411811181120

20

951512251025013881a3016

100

1061097853

10354

fllO

1068532

11410796171430

IO312551790 la

36I7I9

10691108110,8055

10565

115101,34 iioJa92

I96

76 7795 100

116>a'll812010810362

11161122tllO117117108107112IIG127 •

119104IOSI3106120

lioe'38

12270103

123

10562107119124112120

ill"'110115120

1071101061a

4212375106

No price Friday—these are latest quotations made this week.

Sbftbmbbti a, 1S81. THE ()H110N](^LE. 325

New York Local Heonrltlps.

Bank 8tock List.

COMPANIBH.

ilarktiX t\\u CI arenot *VattoiMU.

Amorlra*Am. KxchnntteRoworvJlniHlwiiTlliil<-!i.'r.-*' & Drov'rs'l'.'i.:i).l

<h,.-.'Ch.'lHi in)

fh.'iiM.';!'

('Ill/, lis'

("ll V

('..luImTCO('i^ntiiii'iital

('urn ^:xl-hange*KHst ictvorKloTouth W«r(J«rifthFifth Avonuo*FirstFourthFnltnnOallutlDGeriuuu Amorlcnn*.German KxetmnKe^.Qermaiiia*Greenwich*HanoverImp. and Trtulers'...IrvinjrIsIsn.I City*l,o.ittuT .Manul'tra*.Maiilutaau*MarineMarkutMorlianlcs'Mi'rll:t'ik's' ABBIlC'n.M.. h; iips'ftTr'drs'Mr, , tile•M. '. nits'.M.r, • mis' Bxch'iteM.'ti-;.";ls«Mctr-.iM.IitanM.iuiii .Morris*Murru.v Ulll*Nassau'New V..rkNew York Counlr...N. y. Nnt'l Exch'ge.NinthNorth America*North UlTor'Oriental*PaclHc*ParkPeople's*PheniiProduce*RepublicSt. NicholasBeventh WardSecondShoe and Leather. .

SixthState of New York..ThirdTradesmen'sUnionUnited StatesWest Side*

Par.

lOu100lUOl»«3100100S3100i»100100:oolUU•Hi

lis

10010010010080BU75100100261001005060100601001002650S9100no60too100

100100100100100too7030S5501002620601001001001001001001001004050100100

18113116013 >

1741

aso163

188IJM

•8

ISO

]S5M18013010 J

107

Insarance Hlock LUl.[Quotations by R. 8. Bailkt, Broker,

No.TPIneStroot.J

COMPANIM.'

155

100

J 02X1,

Vmortoan.Viuorloan Kxotaange1; iwerynr,>ftdwayItrooklynCliiMna*CIITciliiion('<,luinbln

i I'liiuniorclttlr> DtinentalIviflo

, KmplreCliyi )-:\uhani(0^',r^a«ut

' liromen'8( iii-nion's Trust1 r inklln * Kmp....(ii-rman-Aroorlcan..<;<M'mnnla(il.ibelir.^enwlch(iiiardinniiiiulltonHanoveriiiifrmanHi,meII,,wardImporters' *Tr'd'r»Irvinit

1.!,'irer.son

\ KuiCT County (Bkn.)KnickerbockerLafayette (Br'klyn).

, l.iiniar! Ijonox

I.oni.' Island (B'klyn)l;(>rlllard\l!inufac'rs'& Build.

I .Manhuttau.\li!Ch. * Traders'...

1Mi'chanlcs' (B'klyn).

' .MercantileMerchants'

' .M,,ntauk (Britoklyn)\Lissau (Brooklyn)..\ationalN,'w York Equitable

i

.Now York Fire

.\,'w York & Boston.New York (.'ity

.NiatraraNirth UlverI'acltlc

I'arkPeter CooperPeople'sI'honIXReliefUopublloKntKers'StandardStarSterlInKStnyvesantTradesmen'sCiite,! States\Vestche.sterWilliamsburg City..

Par.

6010(1

8686IT8070tooaono1004010030r,o

171010010060so8510015no6010050no100ao804050100!i5

50851001002550505060503^^

I'lllCII.

Old. Atk.

1«Sll',<

8 6«<I0

lOulO')

IV6135KO

1002^)0

830l<6

1051V59H1101211(<0

166118

60186155

!60117U375

l.i0

200iX)

112

fW11580140108:oo151fO120115130

Hn 155too no100 «n100 W)50 1(W25 1,,5

'A1 2ljl

KHI 1252050 ll!>

no lH,i

ftll K5KHI 7.)

V!< Kill

no ISO100 104KHI «.^

'.in i;,'>

25 10.^

25 IHO10 :i550 210

lerlis

170ISO

70110

210100

130•.00

20170KOii;o

75ISS123lUO85

2;d70

«o7018070146110170J JO00125

1951122H3I'JS

21011101)5

8J

1.15

108TO

lio140

Oasand Oltjr Railroad !itocks and Bonds.[Gas Quotations oy oeorge U. Prentiss, Broker, 17 Wall Street.]

Sas CoxrAXiKs,

Bl^>oklyn Gas Light CoC Uztns'GaaCo lUklyn) ....

bouasdon*r'ifcni..

J M3, \ .'Uy A UobokenMJnh,i-MnM-iron liltan

do bondsMltual.N. V

do bondsNauau. Brooklyn

do scripNew YorkPeople's (Urooklyn)Bond^BonJB

Central ol New YorKWUliamaburg

do bonds •Metropolitan, BrooklynMunlririaJ

do bonisFulton .Municipal...

Par. .^tiiount.

8580

l.COO502060100500100

1,00089

Va .

10010

1.000Var.5050

1,0(10100100

'lob

tQuotattons by H. L. Grant, Broker, 145 Broadway.]

Bl(>eokor St. & Fult. Ferry—StTtJpt mortgage

Br. i,i«ayi Seventh AT.—8t'k1st in,,rtgage

Brooklyn CUy—StockIst mortKa;:e

Broadway (Urooklvn)—StockBrooklyn Cronstown.-St'k..

1st mortgage bondsBnshwick Av. (B'klyn)—Stock.Central Pk. X. * K. niv.-StockConsolidated luort. bonds

Christopher i Tenth St.—StockBonds

Dry Dock K.B.* Batfry—StockVstmortKape. consolidated .

Eighth Avenue—Stock1st m, irtgage

42d St. i (Jrand St. Ferry-St'kIstmortgage

Central Cross Town—Sto<:k ....1st ni,>rteage

Iloust.West St.A Pav.F'y-St'it1st mortgage

Second Avenue—Stock '.'.'.

3d mortgageConsol. convertibleExtension

Sixth Avenue—StockIstmortgage

Third Avenue—Stock1st m,)rtKage

Twenty-third Street—Stock. ..1st niorttfKtfe

1001,000100

1,00010

1,000100100

1,(100

100100

1,000• 1001,000

100500&C

1001,000100

1,000100

1,000100600100

1,0001.000SOO*c

1001,000100

1,000100

l.ooo

I 900,000Iju 1,000,

2.100,000l..'>()<),000

2,(100,000300,000,200,000400,000:(iHi,(too

.",'10.000

l.Mi 10.000l.'^oo,000

(S.",n,ooo

2.')0,000

1,'iOO.OOOill 10,000

1,000,000-'03.000

748,000V.VSflOO(!0O,000

200,0002')0,ooo:.-)! 10,000

1,1110,500l.')O,000

1,050,000200,000T50.000500,000

2,000,000;,000.000(i(W,000•i.V).000

Ij. 4 J.J. * J.Q-J.J.*D.Q—F.M.AN.Q—I.

A.&O..!.*.!.1. &.I.Q-J..)?* D.F.A A..

1.4 J.y-F.J.4D.Q-J.J?* J.M.4N.A.40.

M.4N.

J.'*j'.J.4J.A.40,M.4N.U.4 8.M.4N..1.4 J.Q-F.J 4 J.K.4A..M.* N.

Ji •'uiy. 'HI7 J'ly.WOo'8 July, Vl7 June '81

3)« Aug.,'«l7 Nov., '801

3 Jnlv, '8li

8 July, '81

7 1H.S8

a July, 'HI

.July. '81

Dec.ll)02Aug., '81ISOS

Aug., '81

June, 'US

3 July, '81

;

7 Jan., '811

May. '8l!Apr.,'«3|

23Jii 26113 115132 ll,^5

lao ,200102 110150 160100 I....I02l»:l05no

^OT.1901

.idly.' '94!

July, 81,Apr., '851

Oct., '80,

8ept..'H;ii

Feb., -SI

July, '110

Aug, '81Julv. "BOAug ,•'^'1

MftV. '1»H

1'24

1181*2

100190114185100185no80105«0105lis108I07KlOd2.50

110lllO

11,1

145105

130l'.iO

96110

11570110

110123

•275

llj

1V515.5

112* Thu co(umn shows lost JiviUena uu iiocua, Dut the date of maturity utbotuu.

QiintaUonR in noxton, PhlUdelphU anil Baltimore.

laovBiTiaa,

BOSTON.Itota. 4 Tcpska 1st m.7s

do laud grant T»

(10 lanillncM.

.

Atlantic 4 Pacta •,$•I o Income .

.

Bolton 4 UatoeTiituston • Albany 7s

do ••doitOD 4 Lowell 7s

do U^loston 4 Providence 7s

inrl. 4 Mo., land grant Is.

.

do Nebr.6s Ex(to Nebr, 6sdo Nebr. 48

Chicago Burl. 4 Quliicy4<...odu. **• l'ai*sumnslr., '11,, l^v,.

C.nncKtjn Val ey. Is . . ..

eastern, Mass., 4>{i, new. ...

ii'ltchbt.rs KK., asdo 7s

Fort Bcott 4 Gulf 'is

•lartford A Krle7«K, city Lawreuce 4 80. 48...KaV.City.8t. Jo.&(M!.;s. .

I.lttle Itlc 4 Ft. Smith, 7s,lst

Mexican Coatral, Is

.New York 4 New Kng. <s. ...

do Is ...

New Mexico * 80. Pac. Is...

ogaeusourg 4 Lake Cu.6v .

CO Inc.Old Colony, Is(ild Colony, BsPueblo 4 Ark. Valley, UKuttand 63,:st mortVermont 4 Mass. KK„6sVermont & Canala, new 68.

.

STOCKS.Atchison 4 Topeka iBoston 4 AlbanyBoston 4 LowellBoston 4 MaineBoston 4 Providence

1

CheshlrepreferrertChi-. « w. Michigancm. Sandusky * Cle?ConcordConnecticut BlvorConn. 4 Passnmpstc .

t onnotton ValleyEastern (Mass.)Bastera (New Hampshire) . .

.

KitchburgKllnt4Pere Marq

do prefFort Bcott 4 Gulf, pref

do common.Iowa Fulls iSlonx CIiy....xLttLie hock it Fort Smith ...

Manchester 4 Lawrence

—

.Mar. Hough. 4 O.it

Mar. Uojgh. & Ont.. pref...Nansua4 LowellSew York & New England...Northern of N. Hampshire...Norwich 4 Worcester.Ugdensb.4L. Champlain ...

do pref..

Old ColonyPortland Saco 4 PortsmouthPullTian Palace CarRutland, preferredKevere Beai-h 4 LynnVermont 4 Massachusetts..W ircester A NashuaWisconsin Central

ao pref

Ill

128

00 9191

»• Of)

IIOM

....iis

B9V 70VMM

18 1 91 4W

,, im.«<»

118 ' «>«

117H 1181U3 ....

118>i

1S8W171 IS

153103

8584]i

PIIII.ASBIjPHIA.BTATE AND CITT BO^'D9.

Penna. 5s, g'd, lnt.,reg. or cpdo 5s, reg., U8'4-13'J2

do 5s,new,reg.,189i-i9(tt

do 68,10-15, reg.,li'I7-'fe

do 68,15-25, reg.,l«S'i-'M

do 43, rcg., ISSI-I'JOI

Philadelphia, 5s reg. - ^do «s,n.,rg.,prlorto'!)P

do 4s, variousRAILROAD BTOOKS.t

Allegheny Va'Iey.....

BuHalo Pitts. 4 Western...do pref

Camden 4 Atlantic00 do pref

Ctitawlssado prefdo new pref

Delaware 4 Bound Brook...

iCast PeuasylvaulaElmlra 4 Wllliamsport.. . ...

do do pref..

Bar. P. Mt. Joy 4 Lancaster.Huntingdon 4 Broad Top...

do do ?"•«'

Lehigh ValleyLittle SchuylkillJUnehlllNosqaehonlng ValleyNorrlstownNorfo.k4 Western, pref

,10 do com....North PennsylvaniaPen nsylvanlaPhiladelphia 4 EriePnlladelphla4 KeadngPhiladelphia 4 rreutonPhlla.wflmlng. 4 Baltimore.oI.Pbu14 DuluthK.K.Com

do do pref.

United N.J. CompaniesWest Chester consol. pref .. .

.

West.lerseyWest Jersey 4 Atlantic

CANAL BTOCK9.Lehigh NavigationPeansylvanlaSchuylkill NavlgaUon

do pref...

SusquehannaHAILROAD BONDS.

Allegheny Val..73-10s.lS96...do 78. K.ext.,1910do Inc. 7s, end., 'M

BelTldere Uela. Ist m.,6s,lW2.do 2d m.6s. 'M..

do 3d m. 68, '^.

.

Camden 4Am t ,j.*.oa;),'^

do i.s,p~i .

do roort. 6s. *69

Cam. 4 Atl.lst m. 78. g.. 1^93

do 2dm. car. 7», '1^^..

45H

31100Ji

128M

13028123132)«((f

25M

I8SH

i'lS

154

80)4

18,<

9088

"a

2m

24«

lom

Ji^

66W6857

85M

35H

187

44K

12«

lis:08105

iois

•wnnuTiu,

Cun. 4 Burlington CcCs/VI.CuawlMa 18t, .8, conr., 'S9. .

.

do chat. m.,10a, ^

now 78 \vn. .

62«

80B6«

8S«

*»i

m«58I19>4

181110

101

104

«8)t

IK 88.

Chanien Val., Ist in, 7t.C.,ll0:

Delaware mort.. 6s, variousDel. 4 Bonnd Br., 1 st, "s. i«u>

Bast Penn. Ist mc-l. U, i«BL4 Wmspott, lat in., Is, 'so.

do ^s.perpEastou 4 Aniooy, 51Harilshurg ii>t niur* 6s, 'Al...

U. 4 B. T. 1st m. ~>. t-yU. •».

cons, in. Ss, 1906

—

lthaoa4 Athens Ist g d, ii.,'MJaoetlon 1st mart, i; 'fa. .

do 2d nort. 68, igiiO

Lchlgli Valley, 181,6s, cp.. 1898

to do reg., 18*1...

do 3<1 m. If, reg., lilO.

.

do con. m.,68,rg.,l»ado do 6a,rp,,ia^

Little RchuTlklil, 1st m.To,'^N. O. Pac, lttin..«., 1920North. Ponn. ut m.6s. cp.,*K5.

do 2d m.7l,rp.. '1*6

do gen. m. 78, cp., 190B.

do gen. m. 7s, reg., 190?do new loan (S, reg ..

Oil Creek ist m.7s, coup.,'91.I^lttsb. TltosT. 4 H.. 78, cp.,'9e

do 8ciip ...

Fa.*N.Y.C.4 UU. Ts,lf»6do 1906

Penn8yly.,gon. m. 68, cp..l9;((

do gen, m. 6s, rg., 1910.

do cons. m. 0*, rg., 1905

do cons.m.68. cp., 1905,

do Co 5iFeun.Co.,68. reg

do do 4>jsPerklAmen lat m.6s,conp.,'81Phll.Wilm 4Ba t .Is.Tr.ceruPhlla. 4 Erie 2d m. 78. cp.,'W

do cons.mort.68.t(K;opo do 5s,'920

Phlla. Newt'c 4 N.Y.. 1st m. --^

Phli.4 K. Ist m. 6s,ex.d'je 19:0 120

AM Atk.

lis

128

108 I.

I84X

I(M

I'VS!•«12718«183UU

127

97M

dododododododo

do

W

iso

iio100

Mlis

LM2dm..78,cp..'i3. «

cons. m..l8.ep., 1911 i J*2<ons.m.6.,g.li'.Cl9ll!"8lmp.m.,«',g., ('. lii»7

gen. m. 6>, g., C.UO^ 05(«

68

m..78,conp.,'»96do djb. coup., i"93*—to do coup. oH, M^i.do scrip, issido conv. 78. R. C, 1893*

do 7s. coup, off, *93

Pllll.41!.Coal41r'n dcb.78,92*do deb. 7s. cps.off I

do mort., 78, isirwPhlla. Wllm, 4 Bait. 6s, '84 ..

.

PltU.Cln.4St. L.7s,Coa.,lS0C,do do 7«.reB.,l*'('l

Rich.4 Danv.cons.lat.(5.>,19 S i,a|'Bhamokin v.* Pottav.7s, 1901 ;}„?'*Steubenv. 4 Ind. 18t,6s, i8S4.|"'''

Stony Creek Ist ui. 7s \9T...

.

8unb. Haz. 4 W..lst m.,5i>.'iH

fo 2am. 6!. 9H.3ttnbary4 Erie Istn.Ts, '97.

^yra.6en.4 Corn'.i,l(.i,:6.1so5

feiaa 4 Pac. Ist m..«s, g..l905

do U o Grande D v..

do cons. m..6?,g..1905

00 lnc.41.gr., 78 1915Union 4 Tltusv. 1st ra. 78, '90.

United N.J. cons. m. 6s,*M..Warren 4 F. 1st m.7s,'9iWest Chester cons. 7s, '91

West Jersey 6p, deb., coup.,'*)do Ist m.6s, cp.,'96.

do 1st m. 7s, '99

do con'.Os, 1901 ....

W.Jereey4 Ati.l tm 5s, cp.

dododododododo

Western Penn. KU. (is.cp.'UJ.

do 6s P. B.,'96.

CANAL BONDS.Ohes. 4 Del.. Istm ,6s. 188!..

Lehigh Navlga. m.,6s, resi.Mdo mort. KK., rg.'97do mort. gold, '97

—

do cons. m.7s,rg..l91Morris, boat loan, reg., Ib85.

Pennsylvania 68,co^F'. -910.

Schuylk. Nav.lst m.6B.rg.,'97.do iA ra. 68. reg., 190;

BALTIMUKIi.Maryland (is, defense, J.4 J..

Jo 6b, exempt. 1&87

do 68, 189U, quarterly..do 58, quarterly.

Baltimore <a, ISSI. quarterlydo 6«,:8K6, J.>%J

es, 1S9U, quarterly. .

.

6e, park, 1390, Q.—M,6a, 1893,M.486s,exe(npt,'jS,M.486s, 1900, Q -J68.190^, J. 4 J511, 1916, new

Norfolk water, 88RAII.R01LD VTOC1L3. Par.

Ball.4 Ohio.... lUO

do Ist prefdo 2d prefdo Wash. Branch. 100

do ParkerBb'gBr..5oNorthern Central 50

Western Maryland So

Central Ohio -..v^PlttsDUrg 4 Connellsvllle..50

BAILR.IAD no.VUS.Bait. 4 Ohio 6s, ISJ5,A.40. ..

N. W. V». 8d m.,gttar.,'8.5,.T4J

Pttt8b.4 Connellsv.78,'9S,.'»JNorthern Central 6b, '85, J4J

do 6a, 1900, A.40.do ••,gl(l,llO(>, J.4J.

Cen. Ohio 68. Ist in.,'90,M.4 8.

W. Md, »8.18t m..gr..'90.J.4J.

do Ist m.,i890, J.4 J....

do 2dm.,guar.,J.4J....do -id ra- pref.. ..;...•••

do 2d m..gr..by W.Co.JAOdo 68. Sd in., guar., J.* J.

Mar. 4 cm. 7s, '9J, P. 4 A...

do lid, M.4 Ndo S«,3d, J.4 J.....

Union KU. HI, guar., J. 4 J.do Canion endorsed

Consolidated GasDo bonds

83

90

103

iis181101«U6

106109109100106

!U«1171I8«120130130126129«

195185Ul200

6V«I61i4716

110110121!:08!119118108lis110118toes118

iie

107X

90

t80X

107jia

187!<131

200187187

15OS

I?*M113

i84*

IS?"

i'l^

lOTJi

U4•IOHii»'

• In default. t Per share.

326 THE (^HKONICLE. [Vol. XXillL

Railroad Earnings.—The latest railroad earning.s and tlie

totals from Jan. 1 to latest dates are ^iven below. Tlie state-

ment includes the gross earnings of all railroads from which

returns can be obtained. The columns under the heading" Jan. 1 to latest date" furnish the gross earnings from Jan. 1

to, and including, th(i period mentioned in the second column:

.

—

Latent eamtngg reported . ^Jan. 1 to latest date.—Week or Mo. 1881

Ala.Gt. Southern. August—Atcb.Top. »fe S. Fe . AiifiustBost.& N.Y.Alr-L.July *

Bur.C.Kap.<feNo..2d wk SeptCairo & St. Louis. 1 st wk Sci>t

Central Paciflo...A.usiistChes. & Ohio Au^nist..

1830, 1881.$58,579 $470,791071,22826,184 159,14945,498 1,481,84910,201 278,520

2 059,(X>U 1,973,437 14,80262.858 259,110 1,78

$68,187981,00025,30652,1119.3 il

1S80.$392,070

158,8761,366,722264,750

926 12,318.190215 1,750,382

Chicago & Alton. 2(1 wk Sept 213,715 216,010 5,0a0.911 5,292,276Chic. Burl. &Q....July 1,888,358 1,773,643 10,986.904 11,433,218Chic. & Ea.st. 111. .2d wk Sept 31.571Chtc.&G.Trk.Wk.end.Scp. 10 31,358Chic. Mil. <t St. P.2(l-n'kSfipt 401.000Chic. & Northw..2(lwkSept 482.399Chic, St.L&N.O.Au«ilst.... 257.700Chi.St.P.Min&0..2ilwkSept 82.669 69.423Chic. & W. Mich.. IstvrkAu.:; 20.224 14,382Cin.Iud.St. L.&C.AUKUBt.... 229,858 233,178Cincinnati South. August.... 225,000 148.437Cin. & SpriUKf. -.2(1 wk Sept 19,173 20,855Clev. Col,Cin.&I.2rtwkSeDt 94.653 99,400Clev. Mt.V. &Del.2dwkSept 3,710 10,321Coi.&Hock.V.,A;c.2dwkSept 51,000 43,000Denver cie Rio Gr ;id wk Sept 150,761 91.353DesM.&Ft.DodKe.lstwkSept 11.029 6,178Det. Lans. &No..lstwk AUK 24.102 21.908Dubuque&S.City.IstwkSept 27,786 22,630Eastern August.... 332,000 302,389EastTenn.V.&G .2 wksSept 131,823 125,507Flint* Fere Mar. 2d wk Sept 36,208 32,418Gal.Har,i8an A.lstwkJuly 21,176 20,199Gr't Western.Wk.end.Sep. 16 105,024 114,270Gr'n Bay & Minn. IstwkSept 8,042 7.028Guli Coi. & S. Fe. August .... 100,729 36,290Hannlbal&St. Jo.2d w-kSept 49,721 54,334Hou9t.E.i;W.Te.x.August.... 12,928 10.150Houst. & Texas C.l St wk Sept 87,578 92,039nilnolsCen. (lU.).Auffust.... 619.9S4 594.946

Do (lowaj.August.... 182,403 137,809llndianaBl. &W.2dwkSept 44,095 41,202Ind. Dec. & Sp... August.... 04,944 51,134lnt.&Gt.North..2dwkSept 62.000 47.550Iowa Central Ausust.... 98,936 80.079K. C. Ft. S.& Giilf.l st wk Aug 28.506 20.432lake Erie* We8t.2 wks Sept 61.532 51,119Louisa. & Mo. K.May 33,743 32,627l<>ulgv. & Na8hv.2d wkSept 226,700 201,000Memp.&Charl...2dwkSept 22,769 23,975Memp. Pad. ANo.lstwkSept 4.591 3,819MU.L. Sh.c& West. 2d wk Sept 15.985 8,229Mum. & St. Louis. 2 wks Aug. 58.527 30.061tMo. KanB.&Tex.2dwkSept 191,160 131.898Kis.souii Paciflc.2d wk Sept 162,818 132,521Mobile* Ohio....August.... 159,318 140,593Nashv.Ch.&St.L.August.... 188,317 169.326

31,33025,018

293,419 11,143,000 8,033,585454,017 14,278,554 12,820,57.>224,737 2,309.223 2.070,425

2.602;969 1,962,991590,406 407.228

1,470,905 1,521,403

653,3303,081,774287,941

030,3273,059,048302,134

4,149,361254,035763,566730.069

:,094,107197,1590683,614691,420

1,270,833 1,051,395

3,6'54,98e 3,4'80,717

1,522,94991,101

2,364,9164,263,6771,141,921

1,707,61563,981

2,069,9314,082,4401,078,446

325,0851,715,509

263.3851,067,561

838,497t)6.i.666167,928

7,634,416798,574156,953380,272619,686

5.115,160

650,934752,254173,178

6,048,138688,491133,799263,191413,911

3,884,719

1.412,7991,397,970

1,285,9221,345,600168,317

N.Y. L.Eric & W.July 1,787,081 1,580,976 11,781,47410,672,040N,Y.<feN.Engl'd. August.... 267,514 249.885N. Y. N.H.iHart.June 488,440 369,116 2,676,800 2,211,531N. Y, Pa. <fk Ohio. July 422,057 433.538 3,156.654 2,853,108Korfoik <S: West... August.... 190,082 179,947 1,357,999 1,223,016Northern Central. July 440,811 450,298 3.102,677 2,666,088Northern Pacific .August.... 411,624 223,500 2,051,491 1,399,202OtioSouthern 2dwkSept 6,238Oreg'nR.Nav.Co.August.... 450.100 313.239 2,610.977 2,087,292Pad.&Elizabetht.l8twk8ept 12,067 7,985 344,093 256,108Pennsylvania ....July 3,780.418 3,419,644 25,334.257 22.883,715Peoria Dec. A ET.2dwk Sept 16,832 11,401 468,425 283,787Philadel. AEricJuly 291,669 308,099 2.014,696 2,083,497

00(>.986 1,531.81326,086 -- -"16,370

181,60065,844

114,75912,89081,18377,26815,944

1,004.096507.362

4,818,7412,134,1722,980,592279.231717,712

2,471,828

977,696459,753

3,902,1341,720.0072,003.714218,415015,305

1,076,973

Phlla. & Reading. August8tL.Alt.&T.H. ..2d wk Sept

Do (brchs) .2d wk SeptBt.L. IronMt.& 8.2d wk Septet.L. A San Fran. 2d wk Septet.P.Mlnn.&,Man.2d wk SeptBcioto Valley 2d wk SeptBouth Carolina. ..AugustTexas & P.aciflc . .2d wk SeptTol. Delp. & Burl. 1st wk SeptUnion P.ici«o....l3dy8Sep.l,182,993Wab. St. L.i!iEPao.2dwkSept 417,345Wisconsin Cent ..1 St wk Sept 28,508

* 5 per cent basis in 18811 Including leased lines.

I Including Ohio Division.

r. S. Sub-Treasury.—The following table shows the receiptsand payments at theSub-Treasury in this city, as well as thebalances in the same, for each day of the past week:

29.63517,214

178,83065.83564,7187,31175,52561,2526,271

916,154 17,879,060 15,214,548306,783 9.059,803 8,113,11420.540

6 per cent in 1880.

Receipts.Balances.

Payments.Coin. Currency.

Sept. 17...$

1,030,883 35S

2.377,945 47$

78,025,614 16 4,131,532 55•1,020,599 95 3,037,784 29 76,634,576 80 4,105.385 57" 20... * 1,040,121 10 1,040,352 26 77,258.001 81 4,081,729 40

827,364 01 590.463 15 77,519,705 38 4,050,920 70* 1,343,620 76 715,078 01 78,108,737 08 4,090,437 75t 1,335,185 27 903,508 30 78,579,520 36 4,057,331 54

Total 7,797,774 47 8,665,131 38

*. T'I,M'I.^?.*«'SS;*'«'?2>*^°','?.'"*''^'r»'l '•»" San Francisco Mint,t Includes $200,000 gold received from San Francisco Mint.

Coins.—The following are quotations in gold for yarious coins:Boverelgns $4 82 a$4 86Nanol.-ions 3 83 ® 3 86Z X ReichmarlM. 4 74 a 4 77X Guilders 3 95 » 3 97epan'hDoubloons.lS 55 als 75Mex. Doubloons.. 15 50 aiS 60Fine silver bars .. 1 I2>9a 1 12^4Fine gold bars— parai^prem.Dimes & "a dimes. — <J9^9 par

Silver 14s and "ss. — 90\-3 par.Five francs — 92 a — 95Mexican dollars.. — 88 a — 88%Do uncommero'l. — 87 & — SiEnglish silver 4 70 a 4 80Prus. sllv. thalers. — 68 a — 69U. S. trade dollars — 99383 — 99?8U. 8. sUverdOUars — 99'8» par.

Philadelphia & Chester County.-This company has exe-

S^RA A^^T""'?**^®. "PJ"" ^^ unfinished road to secure an issue of

Jrvn-VTa « ''^' '° •?®^'" ^ P*' "«>* interest. The Guarantee,rruit & Safe Deposit Company, of PhUadelphia, is trustee.

New York City Banks.—The following statement shows thecondition of the Associated Banks of Aew York City for theweek ending at the commencement of bnsine.ss on Sept. 17.

Capital.

Average amount OT

Bankt. Lnans anddUcounts. Specie.

S.123.000

LfQallenders.

A'ft depVsoOitr

than U. S.

Circula-tion.

Siv York*

2,000,000 fi.903.300*

272.000 9,426.000 493,OC0Manhattan Co... S.05O,O00 689,800 lK7,70fi 0.973,300Merchants 2,000,000 7.113.000 819,400 720,900 6,974,000 seb'.bdo

2,000,000 1,412.000 asi.ooo 7,035,000Union 1,200.000 4.960.200 656.700 4il-,700 4,171,400America 3,000,000 11,650.500 1.164,500 649,100 7,000,400 1.100Phcenil 1,000.000 1194,000 34.000 3,473.00c 267.000City 1,000,000 D.Ooa.COO 2.865,000 182.000 U.701.700Tradesmen's 1,000.0(» S.lbo.lOO 40 ',700 66,900 1.901.700 790.S66Fulton 600,000 197,400 l3i.5oO 1.320,100Chemical 300,000 13,191,400 3.595.400 21)0.800 >3.76l.3IX)Merch'nta' Exch. 1,000,000 4,267.800 841,700 496,600 4. 121,sot- cs7,i66Gallatin Nation'] 1,000,000 606,800 61,200 2.;4'<.5U(/ 783.700

300,000 1.B71.SO0 363,600 5.1.4O0 1.522.000 238,000Mechiinics' &'rr. 200,000 1.042.000 123.000 154,000 1,026,000 174,000Greenwich 200,000 tl83.S00 19.600 161,400 950,700 2,700

600,000 67,500 2.552.400 478,500Seventh Ward... 300,000 1 .002.600 162.100 7^,100 976,400 33.400Stateof N.York. 800,000 3.427,S0'J 7»7,400 49.400 8,333.000 12,600

5,000,000 48(p.000 ll.612.OO0Commerce 5,000,000 Ul,8»3.70C. 3,418,300 802.'20'J 9,413.700 1.028.766Broadway 1,000,000 5..''58.DO0 836,900 151.400 4,066,200 9.0.000

1,000,000 6.911,900 1,380.000 281.800 6.015.300 79J,800422,700

1,500,000

2,d9i.So05.799.1100

306..W0621.500

122.200187.400

2.65O.1O03.140.900Republic 1,113,200

450,000 3.S6!.20C 666.300 130,000 3.437.500 45.000People's 200,000 1,858,5 JO X0?,40o 93,800 1.6s0.>00 5,400North America.. 700,000 2.7J1.80C 12ii,0iHJ 270,000 2.6><7.100

1,000,000 7.619,100 b55,800 986,500 7,360.600 703.600500,000 3.1'«,0cu 606.10(1 210.500 2,982.000 417,000

Metropolitan 3,000.000 15.937.000 8,5<3,000 167.000 13.644,000 2,250,000Citizens' 2.l:i4,60C

2.913.6002,974,7|)C

330,600210,800477,600

218.70099.700

123.7011

2.180.6002.666.5002,4311.80ij

267.800NassauMarket

3,900450.000

St. Nicholas 500,000 1.921,00(1 841,300 51.000 1..M4.60C 447.400Shoe & Leather.. 500,000 3,3f6,OO0 716,000 115.000 3.314.000 450,000Corn Exchange.. 1,000,000 4,452,8oC 865,000 50.000 3.202.4.X1 4,600Continental 1,000,000 7.174.70C 1,628.200 110.400 7.559,900 763,200

300.000400,000

1,500,000

2.005.0003.322.000

21.100.400

24,900TO.'.OOO

6.28S.800

S73.'200162.000148.100

1.870.8lKi3.862.0M

24.247,70045.0C0

Importers' & Tr.. 1,118.900Park 2,000,000 16.4ff;,0oo 4,625,900 338.600 20,041.800 45,000Mech. Bkg. Ass'n 6(»,000 l,ol4,V00 212.800 3.500 703.000North Kiver 240,000 1.022.300 39.300 181,700 1,;92,400East River 250,000 1.OO3.000 123.I1O0 62.700 810.200 224,000Fourth National. 8,200,000 20.213.2(K> 4.897.200 483,000 20,570.000 808.900Central Nat 2,000,000 8.4)5,000 410,000 1,3.80,000 8.U5.CO0 '..27S,(;(K)

Second Natton'I. 300,000 3.-. 31 .0)0 632.11(10 290.000 8.647.000 43,000Ninth National.. 750,00(1 8,132.SiJ0 1.166.300 223.100 6.321,100 a-a,4ooFirst National.. 500,(XI0 15.769,700 1,056.100 1.30.100 17.634.900 441.400Third .National .. 1,000,000 0,'251,50C' 1,677,300 243.9.W 0.890 31)0

N. y. Nat. Kxch.. SOfl.WW 1,508,800 200,600 106.600 1.210.900 268.800Bowery NationalN. York County..

250,000 I,! 12.700 151.400 218.000 1.401,900 223.000200,000 1,421.900 28.80C 439.900 1,777,100 180,000

Germ'n Americ'n 760,000 2,Da6.4(X) 383 .2 1)0 13.300 2.441,900Chase National.. 300,000 4.;50,100 1.237,'iOO 97.8)1 6 146.90C 91,1:00Fifth Avenue...

.

100,000 1,795.900 308,500 170.8HJ 1 890.0: CGerman Exch. .. 20;i,ooo 1.3S9.700 22.300 152.100 1.551.501]Germania 200,000 1.843.400 76.900 IHI.IXIi 1.537.80CU.S.Nat 500,000 4,244,200 1.225,000 52.900 4,812,400 449.500

Total 91.162,703 333,025,80^ 85,079,700 14.661.8)0 316,749,500 10,783,800

The deviations from returns of previous week are as followsboans and discounts Dec.Specie Inc.LisKal tenders Dec.

The following are the totals for a series of weeks past:

L.

Hea.lOO I Net deposits Inc. 11.921.30047-'.ooo Circulation Ino

.

3,600614.60C 1

Loans.1881. t

Mav 7....310,850.000" 14....317,730,900" at. ...824,192,800

. .332,023,700

. .841.091,900. .347,494,900..846.368,800.345,490,700,350,491,100.352.858,800.348.744,400..349,240,500349,188,400

June 4.11

July

18..26..2..9..

18..23..80..

Specie.$

73.348,50076,887,70080,518,50079.134,80076,052,10076,902,80076,811,00077,(r91,500

76,415,60077,728,50081,W8,90081.491,40081,043,40076.5111,90071.841,10007,133,400

Tenders.*

18,024,60017,134,10017.873.00018.833,80018,325,3001J,313,30018,474,30018,092,90017,112,30016,284,30017,058,700

Dsposits.

303,033,900316,818,400326,811,700332,182.800839.618.8'W345,613,20034»,.iO7,800313,840.800346,466,100.'}49,843,000

351,199,500

Circniition. Ajj. Clear

18,864,2001144,478,78918,596,900 :078.352,06519,135,.100 1212.847.83219.301,200 1198,728,14119,1283,300 919,391,80019,238,100 9?8,180,.85919,305,300 1019,215,09119,144,300 933.607,151)

Aug. 6.,..350.624.800•• 13....351,024,700•' 20....349,542,800" 27. ,, .343,369,600 62,151,400

Sept. 3....837.207,200 63,3l?,S0O'• 10....334,091,900 61,801,700" 17.... 333,823,800 65,079,700

18,752,000 852,638.80016.931.800 351.777,90016,060.000 317.342,70015,927,000 342,72'.i,400

1).8J2,800 834,795,80016,210,900 823.721,30013,817,900 315,927.20015,078,400 314,S28,'20O14,361.800 318,749,500

19,178,90019,119,20019,181,30010,185,300

914,724,597851,848.902844.818.881934.014.125

10,212,900 932,7*8.32819,380.600 847,08 .-,612

19,488,0.)0 625,048,77419,386,000 825,491.35219,590,900 859,867,41219.688,21)0 837.4'.3.2^19,782,200 639,907.979lvt.7S5,800 923,116,460

Unlisted Stocks and Bonds.—The following are the re-oorted quotations for securities that are not ''listed" at thestock Exchange:

2579

^32

ma.Am, Cable Constr, Co. 49Am. Railway Imp. (Jo*115Bost. H. & E., new st'k 2^

Do oldstock.... 7gBrooklyn ElevatedBoston Air Line, com.Continental Constr.Co.Central Railway Con-struct'n Co. (D.L.W.)

Chic. M.& St. P. rightsCln. & Georgia subsDeuv. & R.G.subs.new 89>3

Do subs., old... 12'iDes Mo. & Ft. Dodge

Do prefEdison Electric L. Co. 950Edison Ore Mill stockGr. Bay &Minn. et'k.. 15Grand Rapids & lud.. 16I. C. & L. assented st'k l^a

Do oldstock siInternational Imp. Co. 16Iron Steamboat Co...

Do lat mort.. ..

Ind. Deo. & Springfd .

Kan. & Neb. 1st mort.

.

Do 2d mort

t2089

8030

Keely Motor stock 6Lebanon Springs Ists.Lehigh cfewilkesbarre. 31Lonlsv. & N. rights ... '^Mld.RR.of N.J.ass.stk. 26

Do A stock 14Do B stock

Mexican Nat. subs., ex 9Do bouds 71\Do stock 25

Asked.-52

•1302I2

1

27"81

•30238

*25901;!*152040

126"'

15iji

17

•17"149120

35"8

2340

30

t67228

Bid. Asked.Milt. Union Tel. subs.. 94 96Missouri Pacific rightsN. J. Southern 1^ 1%N.Y. Loan & Imp. Co. 85 90N. O. Pacific subs 20 25North River Const. Co. lO^a 1713N. Y. Ch.'&St. L. subs. 17 *22Oregon liup. Co. 1st M. OH^i 97"aOregon Iiup.Ce. stock. 90 93Oregon Trans., full p'd 77 78

Do part paid. 78 80Oregon S. L. subs t '4

Ohio Central subs 225FaciflcR'vIm. Co.,ex.'100 200Pullman Pai Car rig'ts O^jRichmond it .\lleg sub 450Boch'r&Pitts'g rig'ts. "a Par80. Carolina RR. stock 44113 ....

Do 2d mort 120 123Do non-mort.. . 70 76

SelmaRome&D.lst M 8Do 2d M. stamp 7Do 2d M., clean ^^iDo incomes S'a 4%Do stock 1 "4

St. Jo. & West, stock.. 15 20St. Jo. & Pacific 1st M. 87 91

Do 2dmort 35Scranton Construction *5

Toias.St. Louis RR.sub 94 95Texas Pacific sub 12 *....

Texas & Col. Imp 2 *5

U. S. Electric Light Co.150 155Vlcksb.Mer'noom.sfk. 13'4 14

* Premium,t Diacount.

SKrTBMBEB 24, 1681.1 THE CHlKiNK.'LE. S27

Juucstmcuts

STATE. CITV AND CORPORATION FINANCES.

The lNVE-iTol«' SUPPLBMKXT c/):it,iiiin a complete exhibit of the

Funded Debt of Ht't'es and Cilie^ uni of thi Stockt and Bonds

«f Rnilro'iU and other Oj>ni)'ini6.i. H it pMiihsi on the la/il

Bitturd'iy of every other m<Jith—vtz., Feiruiry, April, June,

Auguat, Oftober and Deetmber, and i$ farnitfied with nit extra

charge to a'l regular subaeribert of the ChrqsioI-B. Single copies

are told at t^ per copy.

ANNUAL REPORTS.

Central Pacific liatlrond.

[For the year ending Ihceinbei- 31, 1880.)

The report of thi» company for 1880 has just been issued.

It is merely stati.stical aua contains no remark-s upon the condi-

tion and prospects of the company. The report of earnings

for l.nst year has already been given in the Ckrosici.e, but a

suppiemViit.ary report to June 30, 1881. is now furnished, andwill be found in the tables following. The company added to

its mileage mainly bv the leased lines of the Southern Pacific

in Arizona and New Mexico, and at the end of 1880 operated atotai of 2,657 miles, as follows:

Mites.

Main line-San Franelsco toOgden 883

Oregon HiancU—RosovlUc toRwWiim'. ..•....". 132

Tl»ali» BraucU—IjitUrop toGosheu 146

Oakland and Alanieda Br'cbs 170Ban Jose Branch—Niles toSan Jose IT

Total main ilnc and lir'cUs. 1,215liOased aiid OitiitroUed

—

Union radfic 5Boutlicra Paclflc 550

Mites.South'n Pacific of Arizona. 383Simtli'uracltioof N. Mex.. 91gaci-aniento & Plncervllle.

.

6Stockton & Coppeiopolis .. 40.San Pablo .t Tulare 47Los AuKi'lcs & S.iii Dlcgo .. 24I,os Angeles & Indepcud'ee 17Northern 117lisrkeley Branch 4( alifornia Paciflc 115

Total leased and contr'lld 1,442Total of all Hues 2,«57

In the land department the sales were moderate, amountingt» 114,852 acres, at an average of about $3 per acre, and thereremained due at the close of the year a total of §1,733,617 onallprior land sales since 1870.

T'ke following is a statement of gross and net earnings(monthly) for the six months ending June 30, 1880 and 1881:

Grossearnings.

January $1,200,614Fcbmary 1,070,487March 1,373,438April 1,356,716May 1,778.487June 1,724,950

-1880.-

Totals $3,504,694Increase In 1881

Netearnings.$321.'243232,743462.618430.276794,176716,825

$2,963,914

Grossearnings.$l,e02.i)071,454,2181,709.«371,872,3702,091,4102,159,3S1

$10,889,925

$2,385,231

-1881.-Net

earnings.$4S(;,349432,578661,352922,033

1,066,7231,011.525

$1,580,563$1,616,648

The following tables, compiled for the Chronicle, show thestatistics of operations, earnings, and financial condition, for twoyears past:

KOAD ASD EQCnPlIENT.

1880.1,2151,442

Miles ownedMiles leased and controlled.

Total operatedliocomotires*Passenger, mail and express cars'.Freight cars*Service cars and snow plows*

1879.1,2131.147

2,360

264366

6,244927

* Including leased lines.

OPEBATIOXS AND FISCAL BEStTLTS.

, . 1«79.Passengers carried* 1,279,418Freight (touR) moved 1,864,335Freight (lon»i mileage 392,949,592Average rate per ton per mile 2'75Earnings— $

Passenger—Through 1,750,281

x^ . ,.. ,,>.^"''*i 3,168,974Freight—Through 2.659,879

Local. 8,274,694Mall, express and miscellaneous 1,299,335

2,657296390

6,7581,129

1880.1,437,4272,140,379

505,063,7682-34

$1,616.2604.203.5352.633.12710,612,7311,442,460

OKXERAL BALAXCe AT CLOIK Or SACK riSCAL IKAK.Assets- 1*79.

Riillrnud, hulUUuga, &c $13^,021,020Ki|Ul|iiiii'Ut (t.030.4n<>Rfiil cntnio ,,,,.Hliopsand niuchturr}-Laiiils.itockH anil liondn owned ,,Hills ami aci'iiiintit iccclvalile.Malcriiils, fuel, ic(.'ii»li on handHill king fund.^.United Htutes accnuutfiFui-nituie, telegraph Instruiucnta, ko

it,<>30,40!*

1,515.2671,723,>)00Ui2,103

oii.'siii2,226.4286 10,967

4,068,603

1880.

M,047.IOI1.529.9611,758.0807«:i,ooi<:.ii,-on

I.'H '.MKJl.T;rt..l2_

3,237,0324.202.8146.4iiy.7oa135,773

«100,57S,820

$59,27.5,S0O6.^.072,00027.8'>S,6806,701.818

05.17642.'i.745254,914476.S0O6337

16,7d2,79»

9166,579,329

15.'..772

Total assets •1S4.S.')0,324Liiibitlties—

Capital stoofc $%4.27.1,,500Funded debt (see SuPFLEMRirt) 57,030,000Giivenimcnt bonds 27,835,680Bills and accounts payableHospital fund 80,034Tni.itcos land grant mortgage 217,207Sinking fund uninvested ,

Contract Wells, Fargo & Co .....'.'.'

Unclaimed dividends 2 404Prom and leas 15.382,539

Total liabilities $151.830,324

Connecticut & PasBDiupsic.

(For the year ending June 30, 1881.)

The annnal report has the foUowing result of operations forthe past year

:

Jleceijils—

Passengers 9242,648Frelghf. 444,016JJ"'l8 17372E.vpress 11,038Rents 9.332Interest 49,739

$774,146Expenses 462,981

Net earnings for the year $311,161From which was paid coupons, dividends and interest at bank. 273,561

Leaving of net earnings for the yearnot disbursed $33,003To which add surplus of last year 8,830Add also premium on bonds sold 12,819

Total gross earnings $17,153,163Expenses— gi

Operating expenses and rentals $10,207,863Taxes and miscellaneous 998,866

Total $11,206J29Noteamlngs $5,946,434Per cent of oper. expenses to earnings(excluding taxes and mlseel. expenses) 69-3

1

• Not including Ferry,

$20,508,113

$$12,045,669

827,940

INCOME ACCOnHT.

1879.$9,946,434

233.903433,00097,808

Xeeeipts—Net earningsInterest on sinking funds '.

I^d grant bonds redeemedMiscellaneousContratt with W., P.'i Cal'stoc'k sold

D^iiriS^- 9S.7UM^

DwaX^^iidYo:::::::: ;;;;:;;:::''''':^'.'

Total disbursementa $3,607,885Balance, surplus $3,043,260

$12,873,609$7,634,504

63-73

1880.$7,634,504

254,617200,00054.855

348,140

$8,492,1 16

$3,715,3253,406.530

$7,121,853

$1,370,261

Making surplus on hand $57,262

The President's report says :

" We have added to our freight ears during the year onehundred and forty cars, eighty of which were large box carsfor hay, and were put into the Quebec Ottawa & New EnglandFreight Air Line, as our proportion of five hundred cars tofurnish that line, together with thirty platform cars, the wholecosting $68,700, having been paid for by the sale of 687 shares ofstock, increasing the stock that amount, making the wholestock issued now stand at 22,444 shares. The other thirty plat-form cars are charged to current operating expenses. We haTealso purchased two first-class passenger cars, and built one newlocomotive, which are charged in eipen.ses. General andthrough repairs of all cars have been made, and all worn-outcars nave been rebuilt." * * *

"The long struggle we have had to obtain an efficient

through line to Montreal and other points on the St. LawrenceRiver is over, and the thing is accomplished. We have now,through the means and great energy and perseverance of theHon. Bradley Barlow, owner and manager of the Canadian line

of roads with which we connect at Newport, a well-establishedline to Montreal."COMPABATIVE STATEMENT OF BUSINESS, EXPENSES, AND EAKNINQS, FOR

FIVE YEABS.Eeeeijils Receiptsfor for Total Total Xet

Tear ending— passing's, freights. receipts, expenses, eamingt.June 30, 1877 $230,714 $333,823 $604,595 $360,285 $214,310June 30. 1878 201,030 311,023 558.612 336,021 222,590June 30, 1379 194.276 294.477 544.142 324,447 219.694June 30, 1880 223.463 365,747 657.347 431.408 220,139June 30, 1881 242,646 444,016 774,146 462.981 311,164

St. Johnsbnry & Lake Champlain Railroad Company.{For the year ending June 30, 1881.)

This company is the successor, b^ reorganization, of thePortland & Ogdensbnrg, Vermont Division. The directors

submit their first annual report for the year ending June 30,1881:

Income—From freight department $123,566From passenger department, including mails and express 54,822Miscellaneous 211

Total $173,699Total operating expenses 126,932

Net Income $51,066FROM THE NET INCOME HAVE BEEK PAID.

Balance of interest $19,37oFor new equipment purchased during the year *5.'22iCarried to credit of profit and loss _ 9fiSB

$51,666

The condition of the road-bed and track has been mneh im-

Sroved. It will require further improvement to meet theemands of the present and growing business of the road.

One hundred new freight cars, one drawinsf-room ear and three

locomotives have been added, a part of which has been paidfor. The increa.se of earnings over the previous year has been22 per cent. The policy of the management has been, first,

to take care of and foster the local business, and then to build

np and do snch through business as it may be able to obtabu

328 THE CHPvONiCLli. [Vol. iiilll.

BALANCE SIItKT JUNE 30, 1881.Z>l-

To cost of railroad represented by capital stock issued $3,564,050To cost of railroad represented hy underlying liens, paid to

perfect titles and purchase equipment 428,192To capital stock authorized, not issued—

Preferi-ed $164,861Common 118,989— 283.850

To new construction account 70,398To bills and accounts receivable 49,160To steamboat and dock property 50,000To supplies and material on hand 24,596To accounts receivable and cash iu cashier's hands 23.445To cash on hand 29,329

Cr.$4,519,622

By capital stock authorized

-

Preferred $1,298,500Common 2,550,000—$3,848,500

By funded debt authorized 600,000Less bonds on hand 4,000— 596,000By receivers' certifloates outstanding, not due 21,800By bills payable 20,410By profit and loss 32.912

$4,519,622

GENERAL INVESTMENT NEWS.Arkansas State Debt.—Colonel J. N. Stnithee, Chairman of

the Democratic State Central Committee of Arkansas, and aprominent candidate for the Democratic nomination for Gov-ernor of that St&te last year in opposition to an amendment tothe Constitution then pending for the repudiation of certainbonds of the State, was called upon by a New York Wo?-ld re-porter and asked as to the sentiment of Arkansas in regard tothe settlement of the State debt.

" That," said Colonel Smithee, " is a hard question to answer.Our people desire to do what is right, and will do so if left freefrom demagogues, who take advantage of their ignorance forthe purpose of endeavoring to ride into power. Last year wasa very eieiting one politically with us, growing out of a pro-posed aniendment to our Constitution forever prohibiting theState from paying what are known in financial circles as rail-road aid, levee and Holford bonds. I cannot undertake nowto explain to you these different classes of bonds and thereasons assigned why they should not be recognized by theState. Suffice it to say that our Supreme Court has declaredthe railroad aid and the levee bonds void because the actsunder which they were issued were not passed in the mannerprovided by the Constitution, while general fraud is chargedagainst the Holford bonds. These latter are among the bondsfunded by the State in 1870-71, under an act passed by theLegislature providing for the funding of the public debt of theState, and are numbered from 491 to 1860, inclusive, in red ink,so as to distinguish them from other bonds issued at the sametime and under the same act which are numbered with blue ink.All funded bonds outside of these numbers are recognized byall classes of citizens as binding obligations of the State. Asstated before, I cannot undertake now to give the reasons forall these distinctions. I simply state the facts. Our legisla-ture last winter passed an act directing the Auditor and Treas-urer to drop from their books, as indebtedness of the State, allthe bonds before mentioned—railroad aid, levees and Hol-fords."

" How many of these bonds are there outstanding ?"'' In round numbers, I would say ?13,000,000.""What was the vote on the proposed amendment to forever

outlaw these bonds by the Constitution of your State ?"" There were, as 1 recollect now, about 64,000 votes for the

proposition; 44,000 against it, with 26,000 not voting. Theseare not the exact figures, but very nearly correct. Under ourConstitution a majority of all the votes polled is necessary tothe adoption of any amendment to the Constitution; conse-quently, the amendment failing to receive a majority of all the

State " '° become a part of the organic law of the

Central Pacillc.—Chief Engineer Montague, of the Centrall-acuic Kailway, has received information from a surveyingparty under engineer Warner, which started east from Ogden a

rZfli p %" 4° "amine a new line for the extension of the

?1^Ia X""?^^ \°^^ ^^ ^-^^ Missouri River. The engineer re-

K,Vv ^el^ad found a favorable line througfan open,

?o^P ^n T'.7'*''!' grades not exceeding fifty-three fee

tL^«Zl% fl^^^''y \'.°"' ^"^^ I-ak" to Fort Fetterman, by

Paciflc^^iH fW^r- 1^'- ^- P- Huntington, of the Central

Union P«e1 w««""" °®£.'' °^ t^" road believed that the

;nH f^frtf^, 7^ encroaching on their rights west of Ogden.

O^AinTlV^ir'^in e^ded to build an independent road fromOgden to the MLssouri River. He said that the Union Pacific

D^hinTa [fn'i n^n fT°,5, °^. ^^' ^^^^da Central, and tufk of

^^ "ifthinni.„Po^°/'^*°'^' S°*°S where they ought not to

lot build .astw^r/*°ilf'; fr,.°"' ''"'''J ^««t of Ogden. we shall

and in tw ir ^- ^°',? ^^^'^"^ *!»*' it will push westward,and m that case our new line certainly will be built."

ci^Sla?^!?^!'!!'"""'^**'"^^qnlncy.-The following important

Sn &Xiry"So?dr *'^ ^"^^^^-^^ '^' *^« ^'-^' «"-

dary line of theXto ..T N .>n»ir, r.f''^ ""''» "' ''"' -^^'Wte™ I'oun-

flniJhthe sanT.^oi^ho state line I't'^i?''™''^'" \"-^^ Immediate steps to

road of the llnriin"rou i Co?or-,rin nV*"'?' A'^' ^ *'"'<' » "^a"" "' "'«the Nebraska and cvlurrarto Ih'eYo ni^^'^^^^

Company, extending from

Jid an'^lnirSp^J^Ton and'u,?dTr"ir"'«.^i!''«"« Republican Valley

QtUncy Railroad C'ompa,,ratOTneS\'', '" '"« Chicago Burlington &C^ountyin Nebraska? yi'i^ 'g^^e-ioTh^^ SSeSo^VilJu^nlL^t ^^

RailrcMid Company the nn.st direct route lictwean Denver and rho Eistwill open to the tanning interests served by rlie roads of our conipanv inNebraska the advanta^'es ot a western O'.arket for their inoanetiousfrom wlilch we have been entirely debarred Ijy the disoriminatin.' r'ltesagain.st us, and will put u.s in posscbsiou ot facilities tor outainini' at ornear Denver a supply of coal for our own aud the public cou.snnuitiou inNebraska, where as yet no vamable coal-fields have beeu develonedWe are under an .agi-eement with the Republican Valley RailroadCompany to aid in building certain extensions ot its road in ea.steruNebraska, the construction of about 70 miles of which is now well ad-vanced. We have also concluded a new agreenieni with that eoinnanvsuliject to the appi-oval of our Ktockhoiders, tu funiisli nart of theiueaiisTO enable it to go to the State line, and to ail iu building the road inColorado

.

By these several arranaenients the Chicago Burlington & QnincvRailroad Company will secure control of a considerable amount of Re-publican Valley stock audnf RepublicaM Valley 5 per cent tlrst-morfau-ebonds, at the rate of $.:0,000 per mile, and of the 5 per cent ttratmortgage bonds of the Burlington & Colorado Company at the samerate. As it is tlionglit to lie desirable ultimately to cou>'olldate theChicago Hurliiigton & Quincy and Republican Valley properties it isproposed to hold the above securities iu trust, aud to issue the securitiesof the Chicago Burlington .t Q;iiucy Railroad Company- to representthem. '

The 5 per cent bonds of the Republican Valley and of the Burlington& Colorado companies will be placed intrust with the New KngfandTrust Company as security for unequal amount of Cliie.ago Buflinnou& Qniney Railroad Company 4 per ceut forty-year Bonds, dated Fell 11882, the difl'ereuce of 1 per cent to be an aceuniulatingsiukiug fund topay off the Chicago Bmliugton & Quiuey Railroad Company fours.The stock of the Republican Valley Railroad Company will be held by

the Treasurer of the Chicago Burlington & Quiuey Railroad Companyiu trust, and scrip certificates will be Issued to represent it, whicli willentitle the holder alter April 1, 1882, to the same divideuds and ri-'htsas may accrue upon Cuioago Burllugton & Qniney Railroad Companystock, provided th.it the Chicago Burlington & Quincy Railroad Com-pany shall have the right to give its own stock, dollar for dollar, Inexchange for these certificates, at any time, on giving thirty days'notice of its desire to do so. after whichthe scrip will not be entitled toany further dividends or rights.The opportunity to subscribe for $7,895,000 of the Cliicago Burling-

ton & Quincy Railroad Company four per cent bonds, together with theRcpiililicau Valley Railroad Company stock scrip, is mw offered tostockliolders of the Chicago Burlington & Qniney Railroad Company otrecord October 19, 1881, pro ca/a, as below, upon condition that theproposed arrangement shall receive the necessary assent of our stock-holders at the meeting tn bo held September 28.Cliicago Burlington ct Qniney Railroad Company four per cent bonds

and Republican A'alley Railroad Company stock scrip will be sold to-gether in Idocks, eacli block consisting ot one four per cent bond for onethousand dollars ($1,000) and scrip representing ten (10) shares ofRepublican Valley stock, for which block one thousand dollars (.*1,000)in money shall be paid in Instalments, as follows

:

Tweuty-fiveper cent Dcceinber 23. 1881 ; tweuty-flve per cent Janu-ary 16, 1882 ; twenty-flve per cent February 10, 18s2 ; twenty-five percent March 20, 1882; the average date being Febraaiy 1, 1S82.Payments on all snbscription.s must be made to E. E. Pratt, Aesistan t

Treasurer, at 49 Stars Building, Boston, Mass.The privilege for subscribing for one of the above blocks will attach

to seventy (70) shares.or rights of Chicago Burlington .kQuiacy RailroadCompany stock.Rights belomcing to any number of shares maj- be assigned, and for

this purpose a blank form is enclosed herewith. Snb.scriptions will onlybe received for one block (costing $1,0U0 In cash) or some multiple thereof.The books of the eompauy will close October 19. at b P. M., and remain

closed until October 24, 1881. Stackholders of record October 19 willhave the privilege of subscribing until November 20, 1531.Any portion ot the above amount of bonds and scrip not taken by the

stockholders in accordance with their rights will be disposed of as thedirectors may determine.

By order of the hoard of directors,J. M. PoKDES, President.

—The statement of earnings for July and for the year to July31 is as follows

:

Oross NetFor the Month— Earnings. Expenses. Earninns.

Ending July, 1881 $1,888,358 $942,404 $91.^>,S03indmg July, 1830 1,773,643 794,819 1,023,823

Increase $114,714 $192,675Decrease

For Seven Months—From Jan. 1 to July 31, 1881 $10,986,905 $5,883,098From Jan. 1 to July 31,1880 11,433,248 5,397,116

77,960

$5,103,8066,036,132

Increase. $ $485,982 $Decrease 446,343 932,323Chicago Burlington & Quincy—Kansas City St. Joseph

& « onncil Bluffs.—The Chicago Burlington & Quincy isreported to have absorbed the Kansas City St. Joseph & CoiincilBluffs Railroad, and taken charge at Council Bluffs of thelatter road.

Chicago Pekin & Sontliwestern,—In the foreclosure case ofthe Farmers' Loan & Trust Company against the Chicago Pekin& Southwestern Railroad Company, Judge Drummond has en-tered a decree of .sale under the first mortgage. The road wassold in May last under the second mortgage, but the sale wassubject to the first mortgage lien. This first mortgage wasgiven August 1, 1871, to secure the payment of $1,000,000, andthe bonds are now held as follows : Moses Taylor, 304 bonds of$1,000 each ; P. R. Pyne, 25, and John Humphreys, 671. De-fault was made in payment of the interest due last February,and the total amount now found to be due is $1,080,683. Unlessthe amount is paid in ten days the road is to be sold by E. B.Sherman, Master in Chancery, after due notice by publication.-iV. Y. World.

Cincinnati Sonthern.—The lease has been conditionallyawarded to Frederick Wolfe and his associates, representingthe Erianger syndicate, which owns the Alabama & GreatSouthern road, and others. Wolfe and his associates are organ-izing a company under the Common Carriers Act of Ohio, andthe stock books will be opened on October 8. The capital stockwill be $15,000,000, of which 51 per cent will be reserved by theErlangers, who purpose to allow the remaining 49 per cent tobe taken in this country. When the organization is perfectedthe name of the company will be the Cincinnati New Orleans &Texas Pacific Railway Company. According to the law underwhich it is organizing, it has power to lease the CincinnatiSouthern road, and to lease and construct all unfinished por-tions of connecting lines belonging to the system.

Skftembkr 31, 1881.1 THE CHRONICLR 32J

Ueincr & lUo (J raiide.—Th« press dispatches from Denver.

Col Sept 17, Haid : "Papers were yesterday Hied in the

lieivrd.-r'f. oflioe establishing a sinking fund for the payment

and redfnipliou of Denver & Uio Grande first consolidated

thirty year 7 per cent gold bonds. The papers provide for the

payment of one-fonrth of 1 per cent annually on the amount

outstanding for the fint four years ; one-half of 1 per cent

annually for the next live years ; and 1 per cent annually

thereafter until the maturity of the bonds. These payments,

with aocumulations. it is stated, will extinguish the principal.

The fund may bo invested in the bonds at a premium not to

exceed 20 per cent, or in government securities, in the discretion

of the trustees."

Minnesota State Bonds.—Governor Plllsbury issued a

proclamation Sept. 19 convening the Legislature in extra

session on October 11, to take such measures as it shall deemproper to provide for the payment of the old Minnesota Rail-

road bonds. The plan provided by the last Legislature was

upset by the recent Supreme Court decision, which, however,

leaves 'the Legislature to provide for paying bonds without

submitting the question to the people. Hence the call for a

special session.

Mobile & Ohio.—By an agreement duly executed the option

is given to the holders of tlie Cairo Extension bonds of the

Moljile & Ohio Railroad Company (1600,000) to cancel the sink-

ing fund, by means of which said bonds are redeemable at the

pleasure of the company. The right is reserved to pay off at

par such bonds as do not avail of the privilege. Ihe entire

mortgage lien on the main line from Cairo to Mobile (494 miles),

including the Cairo Extension issue, is $15,385 per mile.

Nashville Chattanooga & St. Louls.-The following is a

statement of receipts and expenses for two months ending

August 31 :

Rtceiptt— 1881.Pa«»a»te $95,727Freight 211,910Mail 7,217Konts and privUoxes 3,oU'2

$318,747201,160

Wxt Ctfimujcrcial ^imcs.

1880.$79,436230,750

6,9333,800

Increase.$16,290

" "31461

$5,902

$

8,392

Decrease'$18,839

$320,920195,557

$2 172

$125,362

77,833

$8,073

$17,529 $16,467

Eil>ense8

Buri'Ius over operatingexpenses $117,287

Interest uu bouded debtand tiiics 86,226

Net earnings $31,001

New York Lake Erie & Western.-The following is theofficial report of eaminfss.of the New York Lake Kri^ & West-ern Railroad Co. for July, and for ten months of its fiscal year :

MitnOt of .July. 18S0. 1881. jMrease.Gross turnings $1,580,973 $1,787,080 $206,101Working expenses 1,014,658 1,114,672 100,014

$672,4071880-81.

$17,208,51111,008,189

$106,090lyicrease.$1,908,6931,350,249

Net eivrnings $566,317Oct. tiiJubi, inclusive. 1879-80.

Gross earnings $15,299,8:7Working expenses 9,657,940

Net earnings $3,641,877 $6,200,321 $3.58,444

New York & New England.—Trajk is now completed onthe extension of this road to the Hudson River at Fishskill

Landing, opposite Newburg, 224 miles from Boston, and trains

will run through about October 1. Work is well advanced onthe docks and terminal buildings at Fishkill Landing, and con-nection will be made with the Newburg Branch of the Erie bysteam ferry across the Hudson.

Ohio Standard Coal & Iron Company.—A consolidation of

very heavy coal and iron interests in the Hocking Valley wasaccomplished recently by the incorporation at Columbus,Ohio, of the Standard Coal & Iron Company. The landalready acquired amounts to about 140 square miles, or 90,000acres. Among the representative men who are connected withthe new corporation are mentioned J. Henry Brooks, John W.Brooks, John N. Denison, Oliver Ames, Frederick L. Ames,Cakes A. Ames, Alfred W. Nicherson, William P. Hunt, CyrasWoodman, John M. Glidden, and George W. W. Dove, of Bos-ton ; William D. Lee, Governor Charles Foster, General SamuelThomas, William Moneypenny, and JohnC. Larwell, of Ohio ;

Walter P. Warren, Jr., George Capman, William WalterPhelps, and Joseph Vilas, of New York ; and Secretary Blaineand General James A, Hall, of Maine. A large capital lias beenprovided for carrying on the work projected.

Philadelphia & Reading.—Following is the statement of earn-ings, &c., for August and for the nine months of the fiscal year:

. 1881 , , 1880 .

\Gross Profit Profit Profit Profitlieccipts, for for A ine for for NineAufiusl. August. Months. Auqust. Months.

liAitrotid Co $ $ $ it! *^

Hailroail truffle.! ....1.795,941 900,431 3,836,065 740.900 5,248,366Ciinal traltid 127,619 64,368 230,068 32,927 157,373SteijnuolUers 68,728 37,401 176,327 14,252 139,050Ktclun'd eoal barges. 8,697 1,558 297 *1,442 1,526

„ Total 2,000,986 1,003,762 6,251,759 786,638 5,346,317Coal and Iron Co 1,.521.439 151,503 683,098 73,309 14,233

Tot'I botlicompanie8,3,522,426 1,155,265 6,934,838 859,948 5,560,551* Lo^s.

St. PanI & Dnlntli.—At a recent meeting of the directors ofthis company the Commissioners were directed to examine intoits affairs and determine the disposition of the assets. TheCommissioners have accordingly directed that a 10 percentdividend of preferred stock l)e made among the stockholders,payaUe on a date to be named in the near future.

COMMERCIAL EPITOME.Friday Nioht, September 28, 1881.

Jambs A. Garfield, President of the United States, died onMonday night, the 19th Inst., of wounds inflicted bv an aMNM-sin on the 2d of July loat. The sad event has plunged thewhole country in mourning and visibly affected the entire civil-

ized world; but his death having been anticipated, its influenceupon finances and trade wu greatly modified. I'ublicexchanges for the transaction of basineas were wholly or par-tially closed in this and neighboring cities on Tuesday, and inothers on Wednesday. Chester A. Arthur, the Vice-President,succeeded to the ofBee of President, taking the oath at theCapitol in Washington on Thursday, and making an assuringaddress. The Cabinet will remain unchanged for the present,and there will be no called session of Congress, but the UnitedStates Senate will convene on the 10th of October. Businesswill be wholly suspended throughout the country on Mondaynext, when the late President Garfield will be buried at Cleve-land, Ohio.The provision market has lateljf shown considerable firmness,

though early in the week easier prices were noticed. Thespeculation has been fairlv liberal. To-day mess pork sold at$19 75, and heavy repacked at ?20 Tr, extra prime at $16; Octo-ber was quoted at $1!) ISO, November at $19 70, and December$19 80. Bacon was dull at lie. for long clear. Lard was firmerearly in the day, but at tlie close an easier tone set in. PrimeWestern on the spot sold at ll'4.5e., choice at 11 '600., "off"grade at 1175c., prime city at 12'30c.; October options sold at12-37^@12-42^c., closing at 12-37>6c.; November, 12-5236012-55C.; January, 12-77^@12-85c., closing at 12-80c.; March,12'90@12-95c.; May, 13e.; December quoted at 1265c., andseller the year, 12"37^e.; refined to the Continent sold at12-47 ;5^c. Tallow firm at 9@»Mc. St^arine quiet at 13@13Mc.Beef has been vtTy active for export at $21 50®$24 for extraIndia mess. Beef hams quiet at $22@$23. Butter Ls quiet,but about steady. Cheese in better receipt ; good and cnoicefactory, 12@12Mc.Rio coffee has been quiet at a decline to ll@llMc. for fair

grade of the old and new crops; at the close, however, there is

a rather better demand, and the market was firm at these quo-tations; mild grades have been in moderate supply and veryquiet at unchanged quotations. Spices have been very dull,

and in most cases nominal in value. Rice has been scarce andquiet at steady and unchanged prices. Tea has brought abontsteady prices at two rather small auctions. Molasses has beenfairly active and steady for foreign, but New Orleans has soldfreely at somewhat higher priaes, the range of quotations lat-

terly being 35@60e. Raw sugar has been very active at anadvance to 7%@8 l-16c. for fair to good refining, and 8%o. for

96 degrees te.st centrifugal; the demand has been largely forcentrifugal, though Uoilo and Manila sugars have also beenquite freely taken by refiners. The stock in Havana is held b^a few parties and it is stated that the Cuban crop is short this

year.Hhds. Boxes. Sags. Melado.

Receipts since September 1 16.878 527 1.1.860 6bales since September 1 31.712 627 164.998 162Stock September 21, 1881 82,015 7,.i88 874,548 148SlockSeptcmber22, 1880.... 103,331 14,234 988,210 7,160

Refined sugar has been very active of late, and after somedecline early m the week, consequent on a rather slack trade,

prices again advanced and close firm at 10%c. for crushed cut

loaf and cubes, lO^i^c. for granulated and 9 ll-16c. for stand-

ard "A."Naval stores have remained very firm, and spirits turpentine

has sold fairly. Rosins have been rather dull, as present prices

are above shippers' limits; good strained quoted at $2 60.

Spirits turpentine in yard 64>^@55c. Petroleum has declined

to 8c. for refined for export under lessened export calls. Crudecertificates are also lower at 92%c.. after selling eariy in the

week at $1 01 >6. Ingot copper sold at 18Mc. for Lake, but

closed at 18M@18>^c. Lead is held at 5M@5%c. for commondomestic. Steel rails very active; 75,000 tons were sold at the

mills for 1882 delivery at $55. American and Scotch pig irons

are in demand and very firm.

Ocean freight room has been very liberally dealt m. Berth

tonnage has rnled irregular and lower, but Petroleum vessels

have been maintained at full figures. To-day grain was taken

to Liverpool by steam at 2)a®2%d.; bacon, 15@208.; cheese,

25.S.; flour, 10s.; cctton, J6@3-16@Md.; grain to London bysteam, 3j4@4d., latter rate from store ; grain to Hull by steam,

3%d.; do. to Avon-mouth by steam 3M@3^d.; do. to Glasgow

by steam quoted 2>6d.; do. to Cork for orders, 48. 3d. per qr.;

refined petroleum to Cork for orders, 3s. lO^^d.

Kentucky tobacco has been quiet ; sales for the week ueonly 313 hhds., mostly for home consumption. Prices how-

ever are firm ; lugs, 6%m)ic., and leaf 8@15c. The business

in seed leaf, on the contrary, has been very larse, amounting

to 6,900 cases, as follows : 3,200 cases 1880 crop, Pennsylvania,

assorted, ll@22c.; 2,200 cases 1880 crop. New England, Honsa-

tonic, assorted, 22@24c., and Hartford County wrappers, 20®35c.; 700 cases 1880 crop. State, Onondaga, 7@14c., and flats

private terms ; 500 cases 1880 crop, Ohio, assorted, 6@69iO.«

and wrappers, 13@15c.; i)0 cases 1879 crop, Ohio, 8c.; 260 CMM1880 crop, Wisconsin seed leaf, 5@15c., and Havana seed, ISJS

@20c ; also 600 bales 1681 crop, Reme<lios. on private terms,

and 500 bales 1879-80 crops, fillers, 85c.@$l 20.

330 THE (JHRGNICLE, [Vol. XXXIIL

COTTON.Friday. P. M., September 23. 1881.

The MofrarauT or thb Crop, aa indicated by onr telegrams

frcirtheSS^ to-night, is given be ow For the weekendmg

ttiTevening (Sept 23), the total receipts have reached 110,433

baLra^^t 92r052 bales laat week, 70,812 bales the previous

wwk acd 46 722 bales three weeks smee; makmg the total

I^eipts since the 1st of September 1881, 289,361 bales agamst

^1443 bales for the samepenod of 1880, showing a decrease

anc'e September 1, 1881. of 32,082 bales.

Seceipis at-

GalvestonIndianola, t&c.

Hew Orleans...

MobUenoridaSavannali

Brunsw'k, &c.

(Siarleston

Pt. Royal, &e.

Wflmington—MoreU'd C.,&c

UorfolkCltyPolnt,&c.

Hew YorkBostonBaltimorePhUadelp'a, &c.

Totals thisweek

Sat.

2,708

2,806

697

4,979

2,818

437

1,702

5410063

16,364

Mon.

4,269

1,937

1,782

4.562

2,062

168

2,186

3S

10943

Tues.

2,177

7,979

1,417

2,824

1,994

484

2,293

15991

58

17,206 19,476

Wed.

2,674

2,685

370

3,978

3,272

382

2,048

129

13

15,55'

Thurs.

3,233

1,177

1,094

4,538

2,125

453

1,183

84109

FH.

2,287

65811,202

1,448152

3,741

4753,090

54570

2,110

1,342

5728760

316

13,996 27,840 110,433

Total.

17,318

65827,836

6,808152

24.622

47515,361

2,46970

11,522

1,342

300708327435

For comparison, we give the following table showing the week's

total receipts, the total since Sept. 1, 1881, and the stocks to-night

and the same items for the corresponding periods of last rear.

Seceipts to

September 23.

Galveston

Indlanola, &c..

Hew Orleans

Mobile .-.

Florida

SaTannali

Brunswick, &c.

Cbarleston

Port Eoyal, &c.

WUmingtonM'head Clty,A'C

Horfolk.

City Point, &e.

Sew YorkBostonBaltimorePhiladelphia, &c.

Total 110,433

1881.

This Since Sep.

Week. 1, 1881.

17,348

65827,836

6,808

15224,622

47513,361

2,469

7011,522

1.342

300708

327435

54,123

2,623

62,344

16,469

241

73,603

1,168

34,712

4

6,925

112

27,827

3,432

1,135

1,489

2,480

674

289,361 136.413

1880.

This Since Sep.

Week. 1, 1880.

17,463

131

18,606

6,022

21932,652

77628,507

57

3,915

361

19,891

4,743

37

2,234

481

318

51,241

1,992

36,675

13,677291

88,937

1,241

63,725

579,791

43533,130

8,015

904,534

1,035

1,524

Slock.

1881. 1880.

56.500

110,286

9,761

38,477

22,599

4,207

6,957

81,319

4,295

2,564

3,932

321,443 341,09

27,737

42,579

7,163

62,158

46,401

5,047

14,945

43,1902,056

1,762

2,095

255,133

In order that comparison may be made with other years, wegive below the totals at leading ports tor six seasons.

Seceipts at-

Galve8t'n,&e.

Hew Orleans

MobUeSavannahCbarr8t'n,<&C'

Wllm'gt'n, &eHorfolk, &o..All others

Totthisw'k.

Sioce Bept. 1.

1881.

18,006

27,836

6,808

24.622

15.361

2,539

12,861

2,397

110,433

289.361

1880.

17,594

18,606

6,022

32,652

28,564

4,276

24,634

4,085

136,413

321,443

1879.

22,026

19,872

9,776

30,438

19,011

4.096

18,870

3.640

127,729

243,636

1878.

14,048

8,373

3,798

33,849

22,6304,009

8.813

3,343

93,863

246,458

1877.

43,128

83,071

1876.

9,396 17,3625,472 19,4002,915 7,519

11.327 18,549

7,580 14,2761,896 3,124

3,619 12,330923 3,255

95,845

221.952Oalveetaulneludes Indlanola; Charleston includes Pore Koyal, &c.;^ilmtag.ou Includes Morehead City, &o.; Norfolk includes City Point, &c.

t''^®«,?JP,°'^ ^°K '^* ''^^ ending this evening reach a total«C 53,069 bales, of which 50,888 were to Great Britain, 1,919 toFrance and 262 to rest of the Continent, while the stocks asmade up this evenmg are now 341,097 bales. Below are theexports for the week and since September 1, 1881.

Xzpotit

frcm—

Week Endinn Sept. 23.

Exported to—

Great

Brit'n.

OalTestonKew Orleans..

MobileFlorida

Bavannah .

Charleston •..,

Wilmington...HorfolkHew YorkBostonBalUmorePliUadelp'a,&(

Total

,^Totonaso. . . ._,_.... .,

•isolaoes sxporu from Port Roral, Xe

19,9S3

6,642

13.532

. 1.219

3«6

864

40.169

France

1,9!9

1,9;9

13157

Conti-

nent.

262

262

3,343

Total

JTeek.

19,933

8,612

6,282

15.7!3

1,219

366

894

63,069

67,869

From Sept. I. 1881. to Sept. 23, 18S1Exported to-

Great

Britain.

0,342

24,283

23,602

13,000

33.599

3,065

7,630

2,639

I13,2t0

124.963

2,3:4

2,374

24,444

Conti-

nent.

6.4:5

5.859

Total

5,34.'

21,583

13.000

42,218

3,065

7,826

2,639

121,999

155.266

In addition to above exports, our telegrams to-night also giveus the following amounts of cotton on shipboard, not cleared, at

the ports named. We add similar figures for New York, whichare prepared for our special use by Messrs. Carey, Yale &Lambert, 60 Beaver Street.

On Shipboard, not cleared—forLeavingStock.Sept. 23, at— Great

Britain.Franu. Other

ForeignCoast-wise.

Total.

Rew OrleansMobile

17,7261,6505,5007,100

14,1733,7003,000

8,120None.1,000None.NOUB.None.None.

462None.None.2,8004,035300

None.

628None.150

4,000410

None.1,000

26,9361,6506,650

13.90018,618•5,3004,000

83,3508,111

CharlestonSavannahSalvestonNew YorkOther ports

15,94924,57737,88276.21»17,955

Total 52,849 9,120 7,597 6,188 77,054 264.043

* Included in this amount there are 1,300 bales at presses for foreignports, the destiuaiion of wliioh we cannot learn.

Between the strong accounts from Liverpool and the improvedcrop accounts, the course of prices for cotton for future de-livery was somewhat irregular early in the week under review.

On Saturday and until noon Monday the early months and themore distant months declined. But on Monday afternoon thewhole market gave way under the probability of the partial

stoppage of English mills. Oi^ Tuesday there was some furtherdecime, but the closing of the Cotton Exchange at noon pre-vented the full development of the tone of the market. OnWednesday the possible failure of the short-time movement in

England and the smaller receipts at the ports caused somerevival of speculative activity and confidence, upon which pncesadvanced, the upward movement continuing to near the close of

Thursday's business, when some slight re-action took place. Thebuying has been mainly for Western and Southern account, andthe selling for New York and New England account, and thecontest between the rival parties to the speculation has at timesbeen quite exciting. To-day the receipts at the ports were moreliberal and foreign advices less favorable, yet there was somefurther advance. Cotton on the spot declined %c. on Saturdayand again on Monday. On Thursday quotations were fuUy re-

vised—good middling and above reduced %a. ; middling andstrict low middling unchanged; low middling advanced 1-1 6c.;

strict good ordinary and good ordinary advanced ^c; strict

ordinary and ordinary advanced 3-16c. ; stained middling ad-vanced l-16c.; low middling advanced %c,; strict good ordinaryand good ordinary advanced 3-16c. To-day the market closedeasy at ll%c. for middling uplands.The total sales for forward delivery for the week are 644,200

bales. For immediate delivery the total sales foot up this week7.611 bales, including 4,555 for export, 3,014 for consumption,42 for speculation and— in transit. Of the above, 150 baleswere to arnve. The following are the official quotations andsales for ?ach day of the past week.

Sept. 17 toSept. 23.

UPLANDS. NEW ORLEANS. TEXAS.

Sat. mou Tues Sat. Mon Tues Sat. itlon. Taea

Ordiu'y.^lb 83,8 8-,8 SM8 813,8 811,8 811,8 813,6 Rll,8 SiiieStrict Ord.. 93,8 9',

8

i'll8 97,8 9^8 90,8 97,8 95,6 95l«Good Ord.

.

1018 10 10 1038 1014 1014 10% IOI4 1014Str.G'dOrd 1011,8 lOOis 109i6 10'5i6il0i3ie'l0'-3ie 101516 101316 1013,6Low Midd'g8tr,L'wMid Ui^,„

Uf>,„ ll»'fi 1111,8 119,0 Ill9,a 1111,8 11«181115l8

119jaIIII16 IIII16 121,8 1115,6 lli^ie 121,8 111*16

MiddUng... 12 UV llV 12 14 1218 12% 1214 12% 12%Wood Mid.. 123« 1214 1214 12=8 1212 12Hi la's 12% 12%Str.G'diMid l-^^ 1219 1213 1278 123, 12% 1278 12% 12«tMidd'g Fair 1338 1314 I3I4 1338 13% 131a 1308 13% 13%Fair 1418 14 14 143s HI4 1414 14% 1414 I414

Wed TU. Frl.1

Wed TIi. Frl. Wed Th. Frl.

Ordin'.v.^lb 87,8 8=8 8!^ 81116 87« 87r 811,6 878 879Strict Ord.. 9li8 914 914 9°,fi 9ifl 91a 95,8 9% 9%Good Ord.. 10 lOifl lOig lOU 10% ie3« 1014 10% 10%Str. G'd Ord 109i6 lOllio 10U,8l01Si6 1015,8'l01Sl« 1013i„ 101316 1015,

R

115l6 11% 113,.'"l19.. 11v1115,8

1033 119,8 11=8 11=8111516 lllSigStr.L'wMld 1111,6 llll,R'li;i,„'uiS,n !01»I6 U1^8

Middling... ll-'a 11''8 lilt's 112% 1218 12i« 12ie 12% 12%Good Mid.. 124 121^ 1218 il2ia 12% 12% 12>, 12% 12%Str. G'd Mid 1212 1238 1238 112^ 1258 12^8 l'.i3i 12% 1238Midd'g Fair 1314 13ifl 1318 |13<a 13% 13% 13ifl 13% 13%Fair.. 14 1378 1373 1I414 14% 1418 14 14 14% 14%

STAI^IED. Sat. raonjXaes l¥ed Tb. Frl.

Good OrdinStrict GoodLow MiddliiMiddling...

iry,... .fib. 83l69^16

101,811%

She 81,8

93J6 93;6lOi'ia 1016,

„

SI1693,8

lOi^is1114

8149%

101,6115,6

8I4

Ordiuary 939loiie

;:;;.;::;:::;::::;:: 1114 1114 li-Al

MARKET AND SALES.

SPOT MARKETCLOSED.

8ALK8 OF SPOT AND TRANSIT. FUTURES.

Ex-port.

Con-s^tmp.

Spec-ul'l'n

Tran-sit.

Total. Sales.Deliv-eries.

Sat..Mon .

Tues

.

Wed.ThursFri . .

Total

Dull at %deo....Q't & st'y, % dec.JBuIl......

....] 66611 47794 273

1.159 8851,691 73!j1,000 525

'42

661,088367

2,0442,5211,525

99,000166,30096,000113,00088,50080,900

300400

SteadySt'dy at rev. quo.Easy

400300500

4,555' 3.014 42 7.611 644,200 1.900

The dally dallverles given above are actually delivered the day previous to that ou which they are reported.

The Sales and Prices of Futcrbs are shown by the follow-

ing comprehensive table. In this statement will be found thedaily market, the prices of sales for each month each day, andthe closing bids, in addition to the daily and total sales

Septimbkr 24. 1881.1 THE CHRONICLR 331

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• IiicIiKles 100 for August, 1881.Tran.9fernble Orders—Satiiraay, 11-75: Monday, IIGO; Tuesday,

1105; Wednesday, 11-75; Tliursday, 11-90; Friday, J 1-95.Short Notices for September—Saturday. 11-55861; Monday, 11 -70a>

ll-t)5; Tuesday, 11-59*11-57: Wednesday, 11-75 ; Thursday, ll-72a11-76: Friday, 11-88 all-87.The foUowintf exchanges have been made dnriDg the week:

•12 pd. to exch 200 .Sept. for Jan. |-35 pd. to exch. 1 .000 Jan. for Apr.

•03 pd. to exch. 500 Sept. s.u. 26tli 03 jid. to exch. 300 Sept. s. n. 2-lthfor regular.

| tor regular.The Visiblb Supply op Cotton, as made tip by cable and

telegraph, is as follows. The Continental stocks are the figuresof last Saturday, but the totals for Great Britain and the afloatfor the Continent are this week's returns, and consequentlybrought down to Thursday evening; hence, to make the totals thecomplete figures for to-night (Sept. 23), we add the item of exportsIrom the United States, including in it the exports of Friday onlv:_, ^ IHSl. 1880. 1879. 1878.Wook at Liverpool bale*. 693.000 534.000 246.000 387,000•took at Loudon 44 300 52,900 62,695 33,000

Tctal Great Britain (t9ok 737,300Btock«t Havre 173,000Stock It Marseilles 4.580took J t Barcelona 41,300Stock jt Hamourg 1,500Stock at Bremen 42,500Stock at Amsterdam 26.900•took at Rotterdam 3,470

586,900 308.695 410.00072,300 110,130 143.2508.540 1.830 l.2r.o

40.100 14.262 14,0034.200 2.400 5.000

26,700 10,649 29,00018,100 27.972 41,0002,530 1,938 7,-»0

Stock at Antwerp bales

.

Stock at other oontl'ntal port*.

1881.2,30023,700

1880.PSt

11,000

1879. 1879.4.400

3,404 1I.390

Total continental port*.... 319,2SO 184,491 188,600 357,000

771.3S100.000126,00017.000

255.17334.80412,000

407355158.80147,0483.6,'i3

197.30516.1821,000

Total European atockt.. . . 1 ,056,.')S0India cotton alloat for Europe. 140,000Amer'n cottoa afloat for Eurpe 1 13.000Egypt. Ilni7.ll,Ao.,aHt for E'r'pe 14.000Block In United States iwrts .. 341,007Stock In U. H. lnt<5rlor porU.. . 87.191nnlt«dSt(te8 export! to-day.. 8,080

Total visible supply 1.760.518 1,306.418 816.432 1

Ofthe anove, the totals of Ajnerloan and other deecrlpUoiu are aaAmerican—

LlveriK)(il stock 547.000Conlineutal stocks 168.000Americnn afloat for Europe 113,000United States stock 341.097United States Interior stocks.. 87,191United States exports to-day. . 8,080

Total American 1,264,008Hatt Indian, Bratil, <tc.—

Uverpool stock 146,000 190.000London stock 44.300 92.900Continental stocks 151.250 80,451India afloat for Europe 140,000 90,000Egypt, BrazU, Ac, afloat 14,000 17,000

90,00004,00047,046

197.30540.774l.OOO

344.00095,000

126,000295,17301,00912,000

803,182 470.125 671.095

667,000149,00030.0006.0OO

170.72320,5781.50O

.043.801(ollows:

220.000203.00O29.000

170,72837,8721,500

150,00062.69594,660

153.8913.653

1 58.00023.00094.000

149.0006,000

Total East India, Ac 495.550Total American 1,264,968

439.351 464.899 390,000893,182 476,125 071,099

Total visible supply 1.760.518 1,332,533 941,024 l.OOl.OOSPrloeMlrt.Upl., Liverpool .... 7i4rt. 7iisd. 6»8d. 6»8(l.

B^ The imports into Continental ports this week have beea10,300 bales.

The above figures indicate an increase in the cotton in sight

to-night of 427,985 bales as compared with the same date of 1880,

an increase of 819,494 bales as compared with the corres-

ponding date of 1879 and an increase of 699,423 bales as com-pared with 1878.

At THE Interior Ports the movement—that is the receipt*

and shipments for the week, and stocks to-night, and for th»corresponding week of IBSO—Ls set out in detail m the following

statement:

Augusta, QaColumbus, Ga...Macon, GaMoutgom'ry,Ala.Solma, AlaMemphis, Tenn..Nashville, Tenn.Dallas. Texas ...

JeUerson, Tex...Shrcvcpoi-t, La..Vicksburg, Miss.Columbus, Miss.

.

Eufaula, AlaGrlHiu, GaAtlanta, GaRome, GaCharlotte, N. C*.St. Louis, MoClnciimati, O....

Total, old ports..

Newberry, 8 C.Raleigh, N. C...Petersburg. Va..Louisville. Ky...Little Rock. Ark.Breuh.tm.Tcx...Houston, Tex

Total, new ports

TTeefc ending Sept. 23. '81. Week ending Sept. 2 1, '80.

Receipts, Shipm'li Stock.

6,0534,6753,0005,5644,6078,402697

2,12573-i

2,3213,2591,2»72,1902,2738,7642,646300

6,1814,017

69,093

4141,76825197716

1.45516,136

20,837

89.930

4,7172.S492.4404.2992,1263,842500

1,098361

1.1062,687352

2,3591,1041,255939300

5,4313,262

41,027

5,6475,0733,4926,1434.805

10,7832,6372,641709

4,1582,8761.6271,3202,1098,7393,352350

11,1094,621

87,191

20,57

61,003 103,779

Receipts.

10.1754.1364,2056,2223,6825.612542660143

1,4191,218211

1,9051,8347,0453,3442,8994,3321,079

60,711

9474,294

56152785

2,01719,093

27,344

88.055

Shipm'ts

7.9082.7323.6963.2932,0772,166392687

89365937

1,6351,1302,3871.4253,0082,809857

37,796

9473,518

5119600

1,71117,165

24.065

61,861

Slock.

6,57»4,8003,7335.7533,42010,783

832360360

1,51*1,000336

1,1491.1038,1113.073591

7.2491,264

61,009

441.500

691,309405

2,36811.074

16.859

1.868Total, all .

- This year's figures estimated. ,. . . . l i. x.

The above totals show that the old interior stocks have in-

creased during the week 28,066 balss, and are to-night 26.183

bales more than at the same period last year. The receipts at

the same towns have been 8,382 bales more than the same week

Receipts from the PLikSTATioNg.—The following table wprepared for the purpose of indicating the actual movement each

week from the plantations. Receipts at the outporta are some-

times misleading, as they are made up more largely one year

than another, at the expense of the interior stocks. We reach,

therefore, a safer conclasion through a comparative statement

like the following. In reply to freq^nent inquiries we will add

that these figures, of course, do not include overland receipts or

Southern consumption; they are simply a statement of the

weekly movement from the plantations of that part of the crop

which finally reaches the market through the out-ports.

RECEirXS FROM PLASTATIOSg.

TTtek Receipts at the Ports. Stock at hitertor PorU Ree'r*sfrom Plant'ns.

tndina—18T9. 1S80. 1381.

19.183

1878. 1880. 1881. tSTK.

"l.336

1880. ISSl.

July 6 8.032 14.070 20.69t 71.9G0 64,212 i0,3r,-, ...387

•• 15 2.S09 lo.eoi 18.199 I5.ia8 66.196 84,77: 4.939 8.764

.. 22 S.Tii 13.148 19.362 14,4lA S«,««3 48.397 2.184 S.61* 1836«

" 29 2.503 10.SS8 16.151 18M0 49.031 40.92il 3.0:9| 8388 8.080

Aug. B" 13

3,915 8.9ffl 17.518 13.0<S 41.507 36386 8.098 808 lS.Tt9

3.4ej 8.«9I 13.082 I1.4'r7 38.473 48.868 1.890 9,09T 19.001

" 19 4.84! 8.SM 20.538 7.408 M,8ei 89.744 829 8.787 10.917

2e *jem S1.1«3 38,018 T.aoi 97,1«9 as,-m 4.718 i9.on I9.0S7

Sept. » 18.8M 43.0fti 46,722 9.596 Sl.TTO S8,0ft< 10.217 86,080 48.001

9 ao.oit 61.11'! KM! 14.S68 88.860 42.9S8 38.019 643*7 n,ios

" 1« .... To.ass Ibt.flSS 92.0S2 23,l«a 88.094 59.1

«

88.206 110388 t06.lM

" «3 137.7M 136.413 110.438' 40.7741 61.0091 87.:91l 144.007' ISB.8Wi:S8.4»

332 THE CHRONICLR IvoL. xxxin.

The above statement shows

—

1. That the total receipts from the plantations since Sept. 1 in

1881 were 341,017 bales; in 18S0 were 357,509 bales; in 1879 were

282,109 bales.

2. That, although the receipt-s at the out-ports the past weekwere 110,433 bales, the actual movement from plantations was138,499 bales, the balance going to increase the stocks at

the interior ports. Last year the receipts from the planta-

tions for the same week were 159,328 bales and for 1879 they•were 144,607 bales.

"Weather Bepokts by Tblboraph.—The weather during the

past week has been fairly favorable at most points in the South.

In many sections picking is progressing finely, and cotton is

being marketed freely.

Galveston, Texas.—We have had a shower on one day of the

past week, the rainfall reaching six hundredths of an inch. The

country continues veiy dry, but rain now would do more harm

than good. Picking is progressing finely. The thermometer has

ranged from 66 to 85, averaging 76.

Indianola, Texas.—We have had no rain during the past

•week. Picking is progressing finely. Average thermometer

81, highest 83 and lowest 66.

Corsicana, Texas.—We have had no rain during the past

week. Picking is progressing flinely and will soon be finished.

The thermometer has ranged from 49 to 92, averaging 74.

Dallas, Texas.—We have had no rain during the past week.

No rain is wanted now, as it is too late. Picking is progressing

finely. The crop will be short. Average thermometer 74, high-

est 92 and lowest 49.

Brenliam, Texas.—The weather has been warm and dry dur-

ing the past week. It is now too late for rain to do any good to

cotton. Picking is progressing finely. Uplands will be very

ehort, but bottoms will do better. The thermometer has rangedfrom 67 to 86, averaging 76.

Waco, Texas.—Telegram not received.

New Orleans, LoxUsiana.—It has rained on one day during

the past week, the rainfall reaching seventeen hundredths of aninch. The thermometer has averaged 77.

Shreveport, Louisiana.—The weather has been warmer dur-

ing the past week, with very little rain. The heavy rain of last

week was of no apparent benefit to cotton. The river is still

low. The thermometer has ranged from 47 to 93, averaging 76.

Vicksburg, Mississippi.—The weather has been warm anddry during all of the past week.

Columbus, Mississippi.—We have had no rain during the

past week. The thermometer has ranged from 62 to 86, averag-

ing 74.

Little Rock, Arkansas.—The weather during the past weektas been dry and warm. Crops have been damaged by the con-

tinued drought at least forty to fifty per cent. The thermometerlas ranged from 50 to 91, averaging 74. Last week the weather•was cool and pleasant, with a slight shower on one day anda slight frost on the 16th. The rainfall reached five hundredthsof an inch. The thermometer averaged 67 and ranged from 42to 92. The weather during the week ending September 9 wasdry and hot. The thermometer ranged from 72 to 98 andaveraged 84.

Nashville, Tennessee.—^fe have had no rain during the past

•week. Picking is progressing finely. The thermometer hasaveraged 69, the highest being 89 and the lowest 50.

Selma, Alabama.—Telegram not received.

Mobile, Alabama.—The weather has been warm and dryduring the past week. Crop accounts are more favorable. Thethei-mometer has ranged from 58 to 88, averaging 74.Montgomery, Alabama.—The weather has been warm and

dry during the past week. Picking is progressing finely andplanters are sending their crop to market freely. Averagethermometer 73, highest 86, lowest 57.Madison, Florida.—y^e had rain on two days during the

early part of the week, but the latter portion has been clear andpleasant. Crop accounts are less favorable. About one half ofthe crop has been picked. The thermometer has ranged from68 to 80, averaging 74.Macon, Qeorgia.-lt has been rainy on three days of the

past week, and the balance of the week has been pleasant andvery favorable for picking. Picking is progressing finely, andcrop accounts continue more favorable. A good average cropwiU be made in this section. Some planters are holding backtheir crop from market, believing in higher prices later on.The thermometer has averaged 72, ranging from 64 to 84.Columbus, Georgia.—W. has rained on two days during the

past week, the rainfall reaching seventy hundredths of an inch.Picking IS progressing finely, and planters are sending theircrop to market freely. Average thermometer 81, highest 85,lowest 69.

Savannah, Georgia.—It has rained on three days of the pastweak, and the rest of the week has been pleasant. The rainfall

reached one inch and ninety-one hundredths. The thermometerhas ranged from 64 to 84, averaging 77.Augusta, Georgia.—\t has rained on three days of the past

week, on two of which the rain was heavy and general. Therainfall reached seventy-one hundredths of an inch. Cropaccounts are more favorable, and late cotton is doing well.Picking is progressing finely, and planters are sending theircrop to market freely. Average thermometer 75, highest 88and lowest 71.

Atlanta, Georgia.—It has rained on one day the past week,the rainfall reaching sixteen hundredths of an inch. The ther-mometer has averaged 73, ranging from 61 to 84.

Charleston, South Cai-olina.—We have had rain on two-days during the past week, and the rainfall has reached on»inch and twelve hundredths. The thermometer has averaged77, the highest being 86 and the lowest 68.The following statement we have also received by telegraph,

showing the height of the rivers at the points nameii at 3 o'clockSeptember 22, 1881, and September 23, 1880.

Sent. 22, '81Feet l7l£ht

New Orleans Below Wgh-water mark .

.

13 6Memphis Above low-water mark... 4 9NasliviUe Above low-water mark... 1 4Blireveport Above low-water mark... O 2VlcksbuTK Above low-water mark... Missing.

New Orleans reported below high-water mark of 1871 imtilSept. 9, 1874, when the zero of gauge was changed to high-watermark of April 15 and 16, 1874, which is 6-lOths of a foot above1871. or 16 feet above low-water mark at that point.

JtJTE Butts, Baooino, etc.—There has not been much inquiryfor bagging during the past week and the market is quiet.There is an easier feeling among sellers, and prices are ralingin buyers' favor. The only sales are in small parcels for presentwants, and these are being made at 9^c. for 1% lbs., lOc. for2 lbs. and llj^c. for standard grades. Butts have not movedduring the pas'; week, and beyond a few jobbing orders notransactions are reported. Prices are a shade under our lastquotations, but are steadily held, and at the close dealers ar&naming 2Mc. for paper grades and 2%@3c. for baggingqualities.

Weather Record for Accwbt.—Below we give the rainfall

and thermometer record, for the month of August and previous

months of this year and last year.

Sept. 23, 80.Feet. Inch.12 1617 3

Missing.

Rainfall.Ma rcTi.

1880.

AtirU. 1 May. JaTW. JulM.1Au^uU

1881. 1881.

4-06

18

1880.1881. 1880. 1881. 1880.

5-3410

1881.

6-4713

1880.

7-81

15

1881.

1-74

7

1880.

NOBFOI-K.-Ralnfall. In.

.

Days of rain.

3-0014

5-34

171-83

91-49

170-54 3-74

149-9010

WILMINO'N-Rainfall.in..Days of rain.

5-1411

1-9314

3-4713

3-5210

2119

1-84

63-4812

60310

18-4010

9-2016

4-897

8-79-

16

Charlest'n—Rainfan, in..

Days of rain.

4-11

182-01

113-3314

3-6510

0-485

0-804

1-47

102-185

4-007

5-7714

7-2514

3-0711

Augusta.—Rainfall, in.

.

Days of rain.

7-5411

6-4313

471IS

5-7215

r36 2-888

2-1112

1-51

83-466

5-0817

4-8215

5-1019

Atlanta.—Raintiill.ln..Days of rain.

10-5511

11-4414

3-719

5-7512

1-15

64-267

2-36

55-308

0-74

42-478

3-838

3-2310

Savannah.—Rainfall, in..

Days of rain.

3-7810

1-1411

83212

4-4912

0-838

2-538

0-91

112-3011

1-2511

7-24

199-6314

3-91

COI-UMB'S, Qa.RalnfaU.in..Days of rain.

10-31

7

8-609

7-684

4-567

3-375

11-84

55-97

80-452

3-964

5-4310

6-018

1V»8

MACON.—Rainfall, in .

Days of rain.7-164

5-69

84067

4-3S5

1-00

13-224

2-97 1-41 3-714

1-677

6-307

6-7S10

Rome, Ga —Rainfall. In..

Days of rain.T]Q 10-40 3-35

59-26 4-47

71-684

3-055

2-358

1-40

33-154

2-127

5-8S5

JACKSONV.—Rainfall, in..Days of rain.

3-8811

1-69

84-57

81-OS9

2-61

86-24i:

2-826

30013

7-61

175-9417

10-2316

8-8619

CEnABKEYS.Rainfall, In..Days of rain.

3- St)

102-836

3-455

0-734

2-25

54-9412

1-696

8-7616

11-8618

9-1011

.... 19-4516

MONTGOM'HY.Rainfall, in..Days of rain.

5-45IS

9-2615

4-52

86-4!!

IS1-41

117-0714

3-0411

0-908

2-189

3-1714

46611

4-4115

Mobile.-Rainfall, in..Days of rain.

10-4118

2-7511

9-4114

9-21

112-9912

6-8810

1-44

8

3-2010

5-6216

6-5."5

14

4-8511

2-8413

5-0811

fl-43

20

2-7716

6-9715

4-9219

11-2821

15-22

4-21

9

4-7&15

N. Ohleans.—Rainfall, in..Days of rain.

6-6618

3-927

4-6018

Shreveport.Rainfall, In..Days of rain.

IW 61712

2817

8-43

108-6313

3-2112

•0-333

2-7416

3-17

610-9713

0-496

1-217

FAYETTE,Mi8St^ainfall, in..Days of rain.

5-207

8-6010

4-205

13-40

103-80

82-306

1-30

430010

2-206

5-109

1-805

7-5011

CoL'BUS.Mlss.Rainfall, in..Days of rain.

6-669

7-5711

8-78

610-2011

B-1212

3288

3-828

3-77 0-933

4-8811

6-25 5-22

1:

Vicksburg.—Rainfall, In..Days of rain.

3-539

11-2114

1-48

890013

4-39 5-998

1-944

6-3610

0"4-8813

2-535

5-87IS

Little rock.RalnfaU.in..Days of rain.

2-0610

6-64

171-4S9

4-66

144-6917

2248

6-1710

3-3818

2-166

8-23 5-5813

Nashville.—Rainfall, in..Days of rain.

2-7919

8-1617

51 a

186-2610

3-6716

4-138

87016

30512

0-866

5-6918

1-81

122-2216

Memphis.—Rainfall, in..Days of rain.

3-2317

8-8217

5 7417

3-91

142-80

193-828

2-8314

4-9612

0-896

21412

1-9712

30314

Galveston.—Rainfall, In..Days uf rain.

1-47

11 144-70

121-71

103-5013

4-008

0-034

8-as2U

48214

2-4814

6-9818

1-6211

Indianola.—RalnfaU.in..Days of rain.

0-2911

2-4314

3-226

0-55

132fl'2

103-Of11

'2" 8-48 1-8011

4-!:3

11e-.^o

107-4511

COBSICAN.*.-RalnfaU.in..riiivsnf rain.

2-715

4-0813

3-732

S'908

14-3314

3-157

2-758

2-36m

8-4310

0-214

0-58

5

Fkptesiiikr 24, 1881.J THE CHHONICLK 333

Thtrmoiimttr..tf.li/.

188I.|1M>«), itisi. 1880.

A ugw*C.

l8ttl.|lNHU

-TON.

-r'N—

1' [

1

II

.....

.\^ - ' ,.

jAtrK.SO.W.—Hliflio.ttLowpstAverago

Cedaii KKrs.HlKhe.1tLowestAverauo

MONTOO.M'RV.niBhcrtliOWOStAvenii:o

MoBn.F.—HiKbustI.<>wost..ATorutio

N. Orleans.—HiKhostLowestAvtirage

Shrbveport.BiKbestLowestAveraKe

FArKTTE.MIS!HighestLowestAvor;itfo

COI.'Ba!<.Ml98.HighestItowestAverage

VirKSBt-HG.—HighestLowestAveratje

LriTLE Rock.HighestLowestAverage

Nashville.—HighestLowestAverage

Memphis.—UighpstLowestAvera>,'e

Oalvestos.-Highest. ..

Lowest . .

.

Average...IjTDtANOLAHighest. ..

Lowest . .

.

Average...COBSICANA.Highest..

.

Lowest . .

.

Average...

7R-0avoB«-l

W'O380M-e

770.WOWO710liS'O

47-0

7«038-066-7

TOO870B40

740SCO»40

Jfl.O»s-o'SB

(iOO

74040058-8

WO:moMSr!0!«-0'5--3|

RD'O!«0BBU

80-0400012

«4!«J-0

SO'O

TOO»408»-0

R!504!1004-3

890420080

84-034-000-0

T.'5-nl

;tin55-8

80-0430083

Sl-049-0RS-O

8n'0.•cini

It'll

00-3|

Sl-ni

naa

8«oSS'OBSl

8B033063-3

a'io<tl'0

eo-o

88-0270630

82-o|27-0

5B-,-*;

88-03«0 68-3...... ffK.I

37-067-4

801

8803!I08»-0

88'041-0OS-B

8804«-0680

88-034'068-0

80033063-1

Bl-042071 B

840 88-0380 SCO80-2 71-4

850 800.SBO 300eao 84-4

83-0 00-0xirnl 32-0

(M-5| ao-8

770 81 (4ao! 42150-8| 05-;

810 84rS5-0| !)4C580 5B0

800830541

78036066-2

80024048-0

78026-04T0

7603160S

72046061-2

760470B3-8

860.340

83084-0S8-;i

85-088060-5

74-020-050-0

73-02B-061-7

78030052-5

T7037063-7

80082-062-3

»40230

bs-si 58-a

010320'61-4i

880i38064-4

80-0310

800230620

84028-057-8

87-02T-060-0

82-047068-1

85040-0'

B4-0

RS-ol

BOO40-087-5

aij-o

42088-2

83040-0

89-0400

89-041-068-5

82-040-0840

87-033-063-5

87-038-004-8

81048071-4

87016-072-7

04-042-0

75-

1

93-052-071-5

93-S67-574-2

BOO64080-0

82-058073-0

81-052-07S-2

96-063-075-8

91-060076-3

BOO5S-078-2

94-068-676-8

88-660-077-0

820620770

89-0»l-n:78-8

«i(li 96'•i:l0, «4'

7:i li 81-8

1, iiyn

J 1006:0

Win ini-s.inn, ng'S73-4' 81-7

Sflni44111

71'3j

siio'5«l)'73-7

060.WO7r8

nn-006-0S8-0

s«-n ino-oiV<(l. 700720; 85-0

.sun;

.1201

sn-ii,

44-nl72-3

850.')Sn

73-9

010llflO

70-2

97-002-080-0

(18-0

.ij'io

78-8

09-0060832

83-068-088-4

4iin7«-7|

BOO53-07D-3

ss-ofks-ol

700]

ei-a88B

98-864-0830

97-0715830

BB'O600810

020BU-0760

lOO-O63081 -B

88-071084-0

85-062-0SO-0

92059077-0

100-6690810

84-066080-8

S8-068-080-1

103-08708S-6

tOS-384-884'2

100000081-2

10V571-084-7

102084-088-0

BB-O«3-0830

int-060-0

90-070083-8

84-0BB-083-1

85-084-2

8707183-4

B6-060082-2

950(ll-O78-5

97-070083-1

98-070-0

820

830680780

97-07nn:826^

9407182-

B

114'0

62-079-1

97-5,690810

IOO-

1

68-180-6

08-007078-7

96-660-080-3

86075084-0

84-066080-0

B6070-081-6

91-0,101-6540 66-0

94-062-078-8

85068-071-0

91-551-070-7

82059-074-1

89-0(MOT7-5

9!l-264-277-7

830«l-n70-:il

8T0.Kl-O

723

03062-078-2

89044-0730

90-040074-2

45075-0

90-056077-7

0158-0

7S-0

97-0.MO7I1-I1

09068081-7

100069081-6

94-082078-0

87-65e'478-7

68-081-6

94-0730860

95-

708850

68-080-2

90089080-1

930mo780

90-n64 n76-8

94063078-5

90-058075

86053077-8

86-068077-0

81-068081-6

BS-06262-9

6501 64-086-2 80-6

69-283-2

84-873-

84-4

105088-588-3

880720!81-1

100-074-0880

100-062-0843

100-062-081-0

101-260-482-6

99067-083-2

92070-084-9

96-173-884-6

108069-085-7

69-081-8

9S-0710800

92-071-081-7

06-084080-0

92-065076-3

06-867-781-1

90-068-181-8

94-274-582-5

105-068085-9

100068081-2

990780870

87064-080-7

94062078-0

95-059078-4

95-003078-2

92069-083-1

94-069-0

9T060077-4

OS-0fli-O81-4

iie-n

67080'

1

050114-0

76-4

82-069-081-2

f.5'0

670bO-0

94-087078C

81-004077-7

im-570081-2

9.3-0

70080-4

870TOO80-5

Ofl-O70-081-3

92-071081-3

94-0580760

89-0640

77-093840

99-0 98-0

100-0B3082-0

71-084-0

102-065-0

103-261-9831

1020P.S-083'

93-073-584-6

93-872-1

830

lOBO73-087-0

63080-1

(10-0

800780

95062079-4

95059078-7

93070082-6

95-067-081-0

100-059082-4

Indinnola, 7'exas—\ msTere thnnder-Hform on the fith Innt.,bat no damage known to hare been duoH by it.

Curxiuatia, Texas.—The drought ban been very neTere, andcotton crop has been damaged.Ei.Lwox & Co.'a CiBCULAR FOB Sbptkmbbr.—We hare thia

week received Mr. KlIiN<)n'8 circular, dated September 10, andtake from it the following review of the coame of ttade since

his previous circular.

COmUSB OP TIIR LIVF.nPOOL MARKRT, ACO. 9 TO SEPT. 10.Our last report wa.s i.sHuod on the 10th Angnst. The market

was ouiet and remained mo for aloont a week. Spinnent pur-chased sparingly in expectation of a re-action in prices, batthough spots gave way l-iud., "futures" advanced 1-lCd. to3-32a, owing to reported injury to the cotton crop fromdrought. In the subsequent week, however (that ended on the19th nit.), there was marked change; the spot demand in-creased, and futures continued active under the influence ofstimulating advices from America. Prices consequently ad-vanced 3-16d. to Md. on the spot, 6-16d. for September delivery(owing to the apprehended " corner"), and 3-16d. for distantcotton. Then came a re-action of 8-lf5d. on the spot, 6-16d. forSeptember, and %d for distant futures, between August 19 and24. The fall brought in buyers, especially as the upwardmovement in America continued witn unabated vigor; andbetween the 24th ult. and the Gth inst., with slight fluctuations,the prices advanced %d. to 7-16d. for " new crops." Late onthe 6th there was a re-action of l-16d., but this was partiallyrecovered on the 7th. The 8th was a holiday. Yesterdaythere was a large business done on the spot at an advance ofl-16d.; futures were very active, not to say excited, and pricesadvanced l-32d. to l-16d. for near and %i. to 5-32d. for distantpo.sitions in respon.se to further stimulating advices (including;some orders to buy) from America. Last evening there was aslight re-acUon, and to-day there is also more inclination to sellthan to buy; the final prices are therefore l-16d. lower than thebest rate of yesterday.The following is an account of the principal fluctuations in

the prices of middling upland on the spot and for forwarddelivery during the past month:

Aug. 91924

Sept. G9

<• 10

Spot.

613i«

Sejtt.

013,,

7=167%7°18

Sept.-Oct.

6hs

65(1!

625:,3

Oct.-

A'ov.

6»IB

6' '32

6»i«

^ov.Dec.

6<i'4

6'«.-,2

6"32

6»i«

Dee.-Jan.

6

6332

6»18

Jan.-Feb

aOH8%6»J66lil6

Feh.-Mar.

6 '.12

6»32

6I>8

623.

Mar,-Apr.

6I18

6253252139! 51118

The following remarks accompany the month's reports forAugust, 1?81

:

Norfolk, Va.—During the month there has been very littlerain, and farmers in the adjoining country report that cropsare damaged to a great degree. They say that never before inthe memory of the oldest inhabitants has Virginia been visitedby such a damaging drought.

Charleston, »V. C.—Violent northeast storm on the 26th and27th. Maximum velocity of wind, .54 miles. Damage to prop-erty in Charle.ston and vicinity estimated at |loO,000.Augu.ita, (?«.—Northeast gale on the 27th and 28th, causing

some damage to fences, &c., and damaged cotton in fields byblowing it out of the open bolls.Savannah, Qa.—The storm of the 27th caused great damage

to_property and rice crops. Number of lives lost about 75,

principally colored hands on rice plantations.Columbus, ©a.—Storm on the 2Sth inst., with only slight

damage to crops.Mobile, ^l^a.—Last half of month very dry.New Orleans, La.—No rain since the 15th.CoZ«/;i&««,7(Am.—Caterpillars caused damage during this

month, stripping the plant sooner than ever known.Vwksburg, Miss.—Crops have been very much injured by

drought.Nashuille, Tewt.—The drought of last month still continues.

Cotton is very much dwarfed; much of it is cracking openbefore its time on account of the heit. Many springs and wellshave gone dry.

On August 27 September deliveries temporarily touched6 13-16d., but closed at 6 29-32d. The net advance of the monthis /^d. for spots, /^d. for September delivery, /^d. for near and%A. for distant futures.The closing spot quotations, compared with those of a month

since, show an advance of 7-16d. to 9-lBd. in American, %d. to3-16d. in Brazils, %d. in Egyptian and l-16d. in Sarats.The relative cheapness of Brazils, Egyptian and East Indian

has led to an increased demand for them, and the advance justquoted has taken place during the last week or so.

COtJKSB OF THE MAHCIIESTER MARKET, AUG. 9 TO SEPT. 9.

The quietness which characterized the market at the date ofour last report has since continued. The advance in cottonabout the middle of August caused producers to hold for fullrates, but the re-action which took place on the third week ofthe month was followed by a decline of J^d. to ^d. in yarn anda corresponding fall in piece goods. The subsequent recoveryin cotton has caused spinners to re-demand old prices, but thebusiness done has been insufBcient to enable them to get anadvance equivalent to the rise in the raw material. Buveraregard the present currency as artificial and temporary. Theyare, therefore, postponing as much business as possible. Thesales have fallen considerably short of the out-turn of the mills,

but the orders already in hand have kept the machinery fullyat work and have prevented any accumulation of stocks.

The exports of yarns and piece goods continue to keep aheadof those of last year, but the increase during the past twomonths shows a marked decline compared with with the move-ment in the first half of this year. Subjoined we give theexports in the first six and subsequent two months of this yearand last—assuming 5/6 yards of goods to be equal to one poundof yarn: .

1881.Six ninuthaTwo luontlis

Total1880.

Six montbH

.

Two luontlu

Total.

Viece Goods.

Yards.

2,339,815,000813,659,000

3,158,474,000

2,061,667.000818,342,000

2,880.009.000

Zbs.

425.420,000I48,847,00o;

574,267,000

374,849,000148,425,000

523,274,000

Yarn. Total.

Lbs.

122,881,00044,513,000

107,394,000

93,911,00039,880,000

133,800,000

Lbs.

548,301,000193,3ttO,00O

741,661,000

468.763,000188,311,000

6.17,074,000

The shipments in the first six months showed an increase of16-9 per cent this year over last; bat in the last two monthsthe excess was only 2'7 per cent.

MOVEMENTS DURINO THE SEASON, OCT. 1 TO AUO. 31.

The deliveries to English and Continental spinners duringthe first eleven months of the season compare as follows with.

the figures for the corresponding period of last season:

334 THE CHRONICLE. [Vol. XiXin.

No. of bales.Av.wglit(lbs)Tot.-wgilt (lbs)Bales of 400Ihs

Oreal Srilahi.

1880-81.

2,865.100448

1,283,564,800

3.208.000

1379-80.

1,20'

;,707,S00446

',455,800

3.018,000

Co7ithient.

1880-81".

2,080,200427

,147,007,400

2,867.000

1879-30.

2,449,440421

1,031,214,240

2.578.000

The rate of comsumption (in bales of 400 lbs. each) we estimateat 09,000 for Oreat Britain and 56,000 bales for the Continent,against 65,500 and 52,000 bales respectively twelve months ago;or for four weeks 270,000 bales for Great Britain and 224,000 forthe Continent, against 262,000 and 208,000 respectively last year.On the basis of the foregoing estimates, the movements for

the eleven months of this season and last compare as follows,

*« hales of the uniform weight of 400 lbs.

Grenl Britain. Coiitincnf.

1880-81. 1879-80. 1880-81. 1879-80.

27,0003,208,000

27,0003,013,000

137,0002,867,000Deliveries to Aug. 31 2,578,000

Supply 3,235,000 .'^ 045 onn 3,004,0002,617,000

2 67'* 000Consumption, 11 montbs 3,228,00013,622^666 2,449,000

Surplus stock Aug. 31. 7,000 23,000 387,000 223.000

The surplus stocks at the English mills are larger than ourfigures, but the stock in Liverpool is smaller for both yearsthan the official estimates. The diflference will have to beadded partly to consumption and partly to the stocEs at themills. This can only be done after the annual count at the endof the current month. It may be, too, that something williiave to be added to our estimate of Continental consumption.

PROSPECTS.Early in June last, when middling upland was at 6 3-16d.

against 6 13-16d. at the corresponding date of last year, westated that some advance in prices would have to take place inorder to bring about such a re-distribution of the visible supplyof cotton in the world as would give England the quantity sherequired for the balance of the season. Very little changetook place during the subsequent month, prices on July 8being only %d. higher than on June 10, while England's pro-portion of the world's supply had rather diminished than in-creased. By and by the absolute necessity for such an equali-zation of stocks as we had pointed out forced itself upon theattention of all classes of operators, the result of which was asharp advance in prices, which, by attracting cotton from allquarters, has given England a much larger proportionate shareof the stock in the world than she possessed three months ago

Until within the past month the more distant positions offutures known as " new crops" did not partake of the rise whichtook place in August to September deliveries. Even so recentlyas August 24 new crops were freely offered at 6 3-32d., butwithin the past few days they have touched 6Md ! The advanceis due to reported extensive injury to the crop from drought.and a consequent largely-diminished yield. That some damagehas been done is no doubt true enough, but it is not at allunlikely that the injury is greatly exaggerated; and there isjust as much room for circum.spection now as there was in Mayand June last, when we protested against the sensational cropestimates then put forth.The advance which has taken place in prices must exert

some influence on supply and demand. It may be that a stillfurther rise is at hand—much will depend upon the action ofi.nglish spinners during the coming few weeks. Nothing,however, would justify any important advance on present rateseicept continued, and authoritatively confirmed, unfavorablecrop accounts. These remarks refer, of course, to the newseason; respecting September alone we know nothing, and canonly hope that the " hard times " which the " bears " are ex-periencing wUl be a warning to them in the future.C0.MPAKATIVE Port Receipts and Daily Crop Movement.—A comparison of the port movement by weeks is not accurate

as the weeks m different years do not end on the same day of themonth. We have coasequently added to our other standingtabl^ a daily and monthly statement, that the reader mayconsUntly have before him the data for seeing the exact relativemovement for the years named. The movement each monthsince September 1, 1880. has been as follows:

KonlhlyEeccipts.

eept'mb'r

October.

.

Kovemb'rDecemb'rJanuary .

February.

Blarob . .

.

April....MayJuneJulyAnguat. ..

Corrct'ns.

ffotalyear 5,874,090Pero'tage of tot. portaeoelptsAug. 31.

CoprectioMJotal port receipta,

Tear Beginning September 1.

1880.

458,478968,318

1,008,501

1,020,802

571,701

572,729

475,582284,216190,054

131,871

78,572115,114

123

1879.

333,643

888,492942,272956,464

647,140447,91826i,gi3

159,025

110,006

88,455

54,258

67,37242,714

5,001,672

991500-85

10000

1878.

288,848689,264

779,237892,664616,727

561,824302,955

166,45984,299

29,472

13,988

18,081

458

4,447,276

99-99

00-01

100-00

1877. 1876.

98,491 236,868578,533 675,260822,493 901,392900,119 787,769689,610 500,680472,054 449,636340,525 182,937197,965 100,19496,314 68.93942,142 36,03020,240 17,631

34,561 14,462

52,595 66.293

4,315,645 1,038,111

98-79 983601-21 01-61

100-00 100-00

1875.

169,077610,316740,116821,177

037,067479,801

300,128

163,59392,60042.33129,422

33.626

71.935

4,191.142

98-2301-72

100-00

This statement shows that up to An?. 31 the receipts at theports this year were 872,418 balfts more than in 1879-80 and1,420,814 bales more than at the same time in 1878-79 Thereceipts since September 1 . 1881. and for the correspondinarperiods of the five previous years have been as follows:

1881. 1890. 1879. 1878. 1877. 1376,

Sept.l.... 5,600 .',037 3,490 S. 409 1,013" 2.... 10,35fi 5,66t 1,915 5.708 8. 1.031" 3.... 10,182 10,512 1,391 4.051 1,246 8." 4... 8. 6,174 2,261 4.799 610 4,630'• 5.... 18,859 8. 4.927 4.224 1,00? 2.990" 6... 9,06a 14,754 2,104 7.U6 751 3,414" 7.... 7,637 0,315 S. 4,10s 1,701 3.111" 8.... 8,181 8,010 5,454 8. 1,655 3.932" 9.... 16,992 ll,09(i 5,124 13,115 8. 4,708"10.... 13,051 10.802 4.979 7,341 3,035 8.

"11.... S. 15,046 4,859 6,258 1,393 8,923" 12.... 16,595 8. 7.036 7,932 3,103 4.788"13.... 17,797 20,842 7,060 8,537 1,661 7.752" 14.... 14,674 15,117 8. 10,714 2,524 0.095" 15.... 10,870 13,999 15,628 8. 2,459 7.399"16.... 19,062 16,191 12,215 15,127 8. 7,533" 17.... 16,304 20,900 12,995 10,42-, 5,063 8." 18... S. 18,170 14,071 10,032 4,109 13,925"19.... 17,206 S. 14,955 11,125 3,555 10,417" 20.... 19,176 30,306 17,082 16,933 2,735 10,364"21.... 15,551 20,019 8. 11,302 6,340 9,876"22.... 13,996 17,749 23,420 8. 4,049 12.112"23.... 27,940 19,481 23,729 17,905 8. 13,533

Total 289,361 291,038 183,133 170,802 47,477 139,667Percentage of total

port reo'pts Sep.23. 01-95 03 70 0397 0109 03-46

This statement shows that the receipts since Sept. 1 up toto-night are now 1,727 bales le.ss than they were to the sameday of the month in 1880 and 101,223 bales more than they wereto the same day of the month in 1879. We add to the" tablethe percentages of total port receipts which had been received toSeptember 23 in each of the years named

India Cotton Movement from all Port3.—The figures whichare now collected for us, and forwarded by cable each Friday, ofthe shipments from Calcutta, Madras, Tuticorin, Carwar, &c.,

enable us, in connection with our previously-received report fromBombay, to furnish our readers with a full and complete Indiamovement for each week. We first give the Bombay statementfor the week and year, bringing the figures down to Sept. 22.

BOMBAY KECEIPTS ASD SHtPMESTS FOR FO0B TKAR9

Shipments this week. Shipments since Jan. 1. Receipts.

Tear GreatBrit'H.

Conti-nent. Total.

GreatBritain

Conti-nent. Total.

ThisWeek.

SinceJan. 1.

1881188018791878

2.0001,000

i.ooo

6,000 8,0001,000

i',000

304,000356.000249.000309,000

542.000493,000341.000392,000

846.000839,000590,000701,000

3,0001.0007,0003,000

1,153.0001,080,000792.000853,000

According to the foregoing, Bombay appears to show anincrease compared vrith last year in the week's receipts of 2,000bales, and an increase in shipments of 7,000 bales, and theshipments since January 1 show an increase of 7,000 bales.

The movement at Calcutta, Madras, Tuticorin, Carwar, &c., forthe same week and years has been as follows.

OALCCTTA, MADRAS, TUTICORW, CARWAR, RANOOOS Am) KURRACHKE.

Shipments this week. Shipments since Januarif 1.

Year. GreatBritain.

Conti-nent.

Total.Great

Britain.Conti-nent.

Total.

1981188018791878

3,0001,0002,000 i',606

3,0001,0003,000

187.000200,000199,000114.000

71,00080.000

104.00059,000

259.000290.000303.000172,000

The above totals for this week show that the movement fromthe ports other than Bombay is 2,000 bales wiore than for thesame week last year. For the whole of India, therefore, the total

shipments this week and since Jan. 1, 1881, and for the correspond-ing weeks and periods of the two previous years, are as follows.

EXPORTS TO EUROPE FROM ALL INDIA.

Shipmentsto all Europe

from—

1881. 1880. 1879.

Thisweek.

SinceJan. 1.

Thisweek.

SiitceJan. 1.

ThUweek.

SinceJan. 1.

BombayAll other p'rts.

8.0003,000

846,000253,000

1.0001,000

839.000280,000 3,606

590,000303,000

Total 11,000 1,104,000 2,000 1,119,000 3,000 893,000

This last statement affords a very interesting comparison of thetotal movement for the week ending Sept. 22, and for the threeyears up to date, at all India ports.

Alexandria EECEipra and Shipments.—Through arrangementswe have made with Mes-srs. Davies, Benachi & Co., of Liverpooland Alexandria, we now receive a weekly cable of the movementsof cotton at Alexandria, Egypt. The following are the receipts

and shipments for the past week and for the coiresponding weekof the previous two years.

SttPTEMUBK 24, 1881.

J

THE CHRONICLE. 335Alemntlria, Egypt,

Sept. 22.

Beoelpta (cantars*)—Thit week

—

8lue« Bept. 1

1881.

7,0007.550

1880.

150

1870.

10.00010,50J

Export* (bale*)—To Liverpool....To CooUuent . .

.

Total Europe 1.008

This Sinceweek. Sept. 1.

1,000OS

1,50008

1.503

week.

500474

074

SinceSept. 1,

7501.07S

1.828

Thisweek.

1,000

1,000

Sinc4Sept. 1.

2,050

2,(150

• & oaatar la 03 lbs.

This statement shows that the receipts for the week endingSept. 22 were 7,000 cantara and the anipmenta to all Europewere 1,098 bales.

MAJfCHESTER Markbt.—Oor report received from Manchesterto-nitcht states that prices have advanced for both twists andshirtings, and that the market is firm. We give the prices ofto-day below, and leave previous weeks' prices for comparison:

ny 22•• 21»

Aug. 5it JO" 19" 2C

Bept. 2" 9" IC" 23

1831.

32( Cop.TwitL

d.9>6»9ie99 It

918 9S'8»

9 3

d.0\9%9'S«>a9^91a9i«

91a9»«9%

8I4 Ibt.

Shirlingt.

d. s.

9 «S9 IKS9 as514379 33dia37514375ia37514376 38

d

8

81a8>«8I4814

ColfnHid.Up lis

d.ei'ie613,6613,86\6i3,g

-he7U

1880.

32» Cop.Iwist.

d. d,9^8 310149% »101t914 31018918 3 O'e9% 3 O's914310914 3 O'a9'8 3 9 '89143 9'89ie 3 9^8

8>4 lt>s.

Shirtings.

d. 8. d71437 971*37 97iaa7 971437 971437 99 37 99 37 99 37 99 379 37 9

Cott'nHid.Uplfll

d."

613,8613,8OiSia613,6

7

"'id

Thb ExpoBTa OF CoTTos from New York this week show anIncrease, as compared with last week, the total reaching 15,713bales, against 14,927 bales last week. Below we give our asaaltable showing the exports of cotton from New York, and theirdirection, for each of the last four weeks; also the total exportsand direction since September 1, 1881, and in the last cofaoathe total for the same period of the previous year:

Exports OF Corros (bales) from New York slscb Sept. 1. 1381.

Week etuiing—Totalsince

Sept. 1.

SoTneperiodprevVmyear.

Exported to— Aug.31:

S^t. Sept. Sept.14. 21.

16,060 7.n«fl 12,098 13,0321

15033,149

450

33,599

2,374

45,449OUier British ports

Total to Great Bbitain

Havre

16,060

102

7,969

209

12,098 13,532

246 1,919

45,449

Other French ports

Total Frencb 102

504,75725S

209

2,i53

246, 1,919

3702,163 100

50| 162

2,374

4605,597212

Bremen and Hanover 2,8911.8t)l

TotaltoNorth. Ecrope

Spain, Op'rto, aibralt'r,4cAll other

5,065 2,153 2,583 262 6,269 5,043

Total Spain, 4o1

Oraso Total 21,227,10.331 14.927 15,713 42.242 54.289

Thb FoLLowixa are the RBCBipra of Cottos at New York,Boston, Philadelphia and Baltimore for the past week, andsince September 1, 1881:

Seeeiptsfrom—

.Vew York.|

Boston. ] Philadelphia. Baltimore.

This1 Since

week, \8ept. 1.Thisweek.

SinceSept. 1.

ThUweek.

SinceSept.l.

Thisweek.

SinceSept. 1.

S. On'ansTexas....SavannahMobile...Florida . .

B.Car'linaM.Car-linaVirfrtaia.

.

North. pt«Tenn.. dec.

Foreign .

.

5,ti91

4.0684,730

"eo3,4261,4223,770116300217

10,5409.912

14,681

"eo10,0702.4105,810116

l,lSft452

376

"84973553

i;6o2

90694992

i',292

"72

i',7<J7

"86

i",582

82"970803

'3!28

3,6'l4

2,89482

1,766

503

Thisjear. 23,790 55,186 2.063 2.943 1,364 1,793 3,612 8,249

l*styear. 20,661 57.23 ll 2.795 5,572 1,966 2.921 4,932 10.353

Shippino News.—The exports of cotton from the UnitedStates the past week, as per latest mail returns, have reached30,818 bales. So far as the Southern ports are concerned, theseare the same exports reported bv telegraph, and published inthe Chro-iicle last Friday. With regard to New York, weinclude the manifests of all vessels cleared up to Wednesdaynight of this week:_ _ _ _ , Total bales."^ JP^^~^° Liverpool, per steamers Abyssinia. 3,681....

Biela 1,070.... Oallla, 529.... Germanic, 3,963.... Itair,1,871.... PartUla. 107.... Republic, 550.. ..Wyoming, 1,311. 13,032

To OlasKOW, per steamer Kuruegsia. 450 450To Havre, per steamer LabrKdor, 1,919 1,919To Hamburg, per steamer guevla, lOO 100To Antwerp, per steamer Nederlttnd. 162 162

TEXAS—To Liverpooi, per steamer Wodan, 5,342 5,342XloiiroLK—To Liverpool, per steamers Atlas, 2,610. . .Swaledale,

«.108 6,718

Baltimore—To Uvnn>ool, per BttMuners Carolina, 070 OiUI-Icrmo, 1,013. .. .At. C'oliinilia. (additional) 312 2.20BTo Bromen, porstoanicrI,«lpzlg, 146 liaBosTox—To Liverpool, per steMOen AtlJu, 100....aiaiiior(iui',504.

Total

The particulars of these shipnaMts. arranged in ourform, are as follows:

alas- Bre- ITani- Ant-gow. Havre, nun. burg. werp.450 1,910 loa 1(^

eot

30.819

osnal

Liver-pool.

New York 13,0H2Texas 5,342N()rfoIk 6,718Baltimore 2,205Boston 604

14a

Total.15,7135,3426,7:82,441604

Total 28,011 450 1,010 146 100 162 SoisisBelow we give all news received to date of disasters to vessels

carrying cotton from United States ports, etc.:COMMANDKH, steamer (Br.), Woodstock, from New Orieani, Aug. 25. for

Liverpool, was spoken ou Sept. 6, iu Ion. 52 W., steeHns Boat.with her profiler gone.

•>-"•»

SERRA, steamer (Span.), before reported as afire at New Orleans 00Aug. 20, sailed from that port for Liverpool on Sept. 10.

Cotton freights the past week have been as follows:

Liverpool, steam d.

Do saU...(f.

Havre, steam c.

Do sail e.

Bremen, steam, .e.

Do sail e.

Hamborg, steam.cf

.

Do 8aU...d.

Amst'd'm, steam.e.

Do 8ail...(f.

Baltic, steEim d.

Do sail e.

Satur.

»,«3l4

'lO«l4'

7,8314

^isaia

li

H

Hon.

3,8314

7l«3ifl'

'l«3l4

7,8® 14

Is

Tues.

3,8 314

'l8»V

7,83 la

Lisa's

>•

Wednes.

3,8314

T,j31a'

•'l83>4

J%urs.

hi?'*

7,»»"ia'

38

fW.

»18»»*

'18»1S*

'is^ia

7,83 1«

la

H

' Compressed.

Liverpool.—By cable from Liverpool, we have the followingstatement of the week's sales, stocks, &c., at that port:

Sales of the week bales.Of which exporters tookOf which speculators took..

Sales AmericanActual exportForwardedTotal stock—EstimatedOf which American—Estmi'd

Total Import of the week. .

.

Of which AmericanAmountafloatOf which American

Sept. 2. Sept. 9. Sept. 16. Sept. 23.

51,0006,7003,300

40,5003,4007,800

738,000531,00043.50036,000

163,00063.000

75,0002,0009,900

51.0004,4007,200

710,000554,00045,50023,000

141,00077.000

56,0003,0006,700

36,0002.8004,700

706,000550,00047.50029,500

151,00083,000

54,(006,5007,200

36,0005,3005,400

693,000547,00036,00029,000

169,000113,000

The tone of the Llveri>ool market for spots and futures each day of theweek ending Sept. 23, and the dally closing prices of spot cotton, havebeau as follows:

Spot.Saturday Monday. Tuesday. Wednes. Thurad'y. Fnday.

Market,12:30 p.M

Mid. Upl'dsMld.Orl'n8

Market. }

6 P.M. 5

SalesSpecife exp.

Verr dull.

73,873,8

4,0001,000

Dull.

73,8.

6,0001,000

Flat andirregalar.

73,8

5,0001.000

Firmer.

7187%

10,0002,000

Firm.

12,0002,000

Bteadr.

71*714

12.0002,000

Futures.

Market, (

5 P. M. )Steady.

Bareirsteady.

Stewly. Steady. Quiet. Barelyteadr.

The actual sales of futures at Liverpool for the same week are givoDbelow. These sales are on the basis of Uplands, Low Middling clause,

unless otherwise stated.BATITRDAT.

d.Delivery.Dec-Jan 6T,8

Jan.-Feb 61S32

Feb.-Mar 6iaMar.-Apr ei'sa

MOKDAT.Mar.-Apr 6»}8May-June ess^^'saJune-July 6Hi8

TUBSDAT.

Sept.-Oet.. ..6»i8»"32 IMay-June 6i»sa

Oct.-Nov 61332 ISept. 73,8

Dec-Jan 61332I

Nov.-Deo e^B

Delivery. d.

Sept 71833348ept.-Oct 6»i8Oct.-Nov 6'ijNov.-Deo 67j8

Sept 73].3i4

Sept.-Oct 6i»32

Jan.-Feb 6I4

Jan.-Feb 6718Feb.-Mar 6I833

Mar.-Apr 6i«

Apr.-May 6n3a

Sept 714Sept.-Oct 6»i8Oct.-Nov 6''i8Nov.-Dee 67igFeb.-.Mar 6l1.f2

Mar.-Apr e^jstfiOja

Apr.-May 6i»32338

Sept 7»i83»,88ept.-Oct 6i»3aNov.-Deo 61532Dec-Jan e'aFeb.-Mar.. ..6i»32a»,«Mar.-Apr 608ai<'.,a

Apr-May e^sa

Jan.-Feb 61332Sept 7'3aSept.-Oct 6»i8Nov.-Deo 6>*32

WED5B8DAT.May-June 611,8June-July ..6il,8»''»3aJan.-Feb 6I4

Sept 7»MSept.-Oct 6i»33

Oct.-Nov 6>»saNov.-Dec 6i»3a

Tbcbsdat.May-June 6i'i8June-July 6*334Oct-Nov 6i»32

Jan.-Feb 6iaSept.-Oct 6»g

3*133338

Delivery. d.Apr.-May....6»,«3l»j».May-June 638Jnne-July 62i»»Sept 7i«

Sept.-Oct 6^3l*3tOct.-Nov e'lsFeb.-Mar 61134

Feb.-Mar 6I9May-June 6"8Dec-Jan ffltg

Mar.-Apr 61734April-May 6*i«June-July <i''i»

Deo.-Jan 6i»jaNov.-Deo 61*Dec-Jam 6i«

Jan.-Feb ei'jaFeb.-Mar 6»i«Apr.-May V^'i^July-Aug 6\

Oct.-Nov 6i«Nov.-Deo 61aFeb.-Mar 6"bMar.-Apr 6»«»»Juue-July e\Jan.-Feb 6"ia

336 THE (CHRONICLE. V^OL. XXXIII.

Delivery. <t-

Sept 7^168ept.-0ct 0=8Oet.-Nov CaNov.-Deo 6»s

Fkiday.

Delivery. d.

Dec-Jan G^aFel).-Mar «i932

Apr.-JIay .. eaija^i'isMay-Jiine iS^^a

IDelivery. <'.

June-July fi=U

Sept 7932Jaii.-Feh 69i68ept.-Oc;t 01832

BREADSTUFFS.FRIDAY, P. M.. Sept. 23, 13S1.

The flour market was dull and depressed during the first half

of the week under review. The demand was limited, whether

for export or home use, and in sympathy with the downward

turn of wheat holders were more inclined to realize, and

especially to keep the wharves clear of current receipts. Still,

no material reduction in prices took place, and there was not

only a revival of demand on "Wednesday, but on Thursday the

highest figures of the season were made for low grades from

winter wheat. No. 2 and superfine from winter wheat sold at

prices rarely reached on a gold basis in this market. Eye flour

and corn meal have ruled easier. To-day the assortments

offering were very poor, and the tendency of prices was strongly

UDward. Some buckwheat flour has sold at $3 40 per 100 lbs.

The wheat market opened the week under review with more

or less depression of tone and prices, owing to the vast accumu-

lation of stocks at all points and the moderate exports ; but

the recurrence of wet weather in England caused some increase

in the export demand, as well as a decided revival of specula-

tion, upon which there was a marked advance in prices. Yes-

terday the export demand fell off, and speculation was less

active, but the close was dearer for ah grades and positions.

To-day the market was again dearer, but without much activity.

No. 2 red winter closed at Jgl 49M@$1 50 for October, $1 52%for November and $1 55M for December. Buckwheat is in

demand at 80@85c, per bushel,

Indian corn has for some days been tending upward. Thelecent rains in the Ohio Valley were too late to do much goodto the crop, and the yield is undoubtedly much smaller than in

any recent year. Therefore, notwithstanding large current

supplies (from the crop of 1880), and a vast accumulation of

stocks, prices have slowly but steadily advanced ; white corn

being exceptionally scarce and bringing an important advance.

A " corner " is threatened at Chicago on September deliveriesof No. 2 mixed. To-day the market was stronger ; No. 2mixed, 75@75>^c. for October, 77Mc. for November and 80c.for December.Eye has been tending upward, with sales of prime State at

f1 07@$1 08; but the market is quiet. Barley remained quiet,but at the close to-day there were sales of Canada at $1 15 forNo. 1 and $1 20 for " bright."

Oats have been more active, and white, from scarcity, ad-vanced; but in mixed there irf not much change. We have tonotice, however, the important fact that on Thursday freightwas engaged for 100,000 bushels to French ports. This may bethe beginning of a large export business, and it is certain thatthe high price of corn must greatly increase the consumptionof oats. The crop, however, is a large one, and the qualityexcellent. To-day the market was firmer, No. 2 graded 5Ic. forwhite and i'iM^e. for mixed; also. No. 2 mixed at 44Mc. forOctober and iT%e. for November.The following are closing quotations:

Gram.FUmr.No. 2 spring...¥ bbl. $4 60» 5 00No. 2 winter 5 00a 5 25Winter superfine 6 00a 6 25Spring superfine 5 60» 6 00Spring wheat extras.. 33a 6 60do XX and XXX... 6 75a 7 75

WlB. &MiLn.ryemli. 7 20a 7 50Winter sWpp'K extras. 6 6ua 7 00do XX and XXX... 7 25a 8 00

Patents 7 503 9 50City sMpptnK extras. 7 503 7 75Bouthern, bakers' andtamily biauds 7 40a 8 00

Boutli'n sk ip'g extras. 6 75a 7 25Byefloiu-, superllne.. 5 OOa 6 30Com meal—Western, Ac 3 60aBraQdy\7lne, Ac.

3 903 90a 4 00

Wliea.t—Spring $1 24Spring, No. 2 140Red winter 1 3.5

Red winter. No. 2 1 49Wlilte

Com—West, mixed.West. No. 2Western yellow..Western white . .

.

South, yellowSouth, white

RyeOats—MixedWhite

Bai'ley—Canada W.State, 4-rowed aState, 2-rowed »....

Peas—Can'da,b.&(, a....

1 3565737377

1034149

110

ai 42'31 41al 51®1 49>4ai 45® 75a 7412•a 77a 87.a.....8....ai 08a 44a 53ai20

IFrom the " New Tork Produce SzehMnge Weekly.")

Receipts of flour and grain at Western lake and riverfor the week ending Sept. 17, 1881:

ports

Flour,bb!t.

.It- (196«».)vJWcago 50.833Milwaukee 41,016Toledo 1.470Detroit 13,416Cleveland 2,385Bt. Louis 35,519£!""» 1.000Dnluth

Wlieat, Corn,bvsli. iw»A.

(60 lbs.) (56 lbs.)

270.614 3,969,921199.073213,066184,15326,700

383,«178,575

14,50084.29010,87425.000

398,840317,450

Oats, Barley, Rye,bttsh. bush. bash.

(32 lbs.} (48 lbs.) (56 lbs.)

370,744 100.354 ,53 29542.928 2:.'8,430 28.15721,108 2,22816,870 3,6?838,000 1,428

214.715 54,034 31,801218,600 13,950 44,175

Ban,^"?!^.,;- 'an H?'S?? l;28.-.,798 3,850,875 923.025 401.884 151)656flame time '80. 1:^4,011 1,968,737 3.^76,230 1,329,377 384,489 135,644Total receipts at same ports from Deo. 27 to Sept. 17, incln-

«ve, for four years :

Flour bbls.1881.

6,283,380

50,5i8,60'^114.750.66:521.912.0133.694,7732,262,743

1879.4,589,139

6;, 597.02572,056,8572J,737,8193,921,5.>73,262,322

1-178.3,992,753

57,732.33371,619.63923,397,1125,032.2493,CoO,i34

Wheat bush, 42,121,798Oom ]00.068,265Oats 32.266,014Barley 5.063.864Bye 1,877,716

Totalgraln.... 182.300,657 196,103.8,10 161,874,620 161,432,407

Comparative receipts (crop movement) at same ports fromAugust 1 to Sept. 17, inelasive for four years:

1881. 1880. 1879. 1878.Flour bWs. 1,163,229 960,416 841,500 796.099

22,899.1.50 21,725.34616,217,641 22,115.4875,673,782 9,736. 1011,179,330 2,l01,39i1,350,781 1,591,535-

Wheat tush. 12,701,375Oora 3J,065,151Oats 5,812.400Barley 1,072,570Rye 878,329

Total grain.... 50,529,831 50.511,3)5 47.023,184 59,270,157

Comparative shipments of flour ani grain from the samepons from Dec. 27 to Sept. 17, inclusive, for four years:

1881. 18S0. 1879. 1878.Fiour bbla. 6,282,739 3,213,761 4,980,313 4,061,199

49,233,016fP8.012,03720,113,9212,030.11391,934.100

53,354,831 42.772.78961,897,606 63,618,70616,514.2.15 16,017.3972,507,751 2,091.4933,037,810 2,721.184

Wheat bush. 39,297,911Corn 84,214.619Cats 26.370.607Barley 2,166,126Rye 1,419,257

Total grain .... 153.76^,530 171,374,143 142,562.236 127,251,570

Eail shipments from Western lake and river ports for theweeks ended

:

1881. 1880. 1879 1878.yieek Week Week Week '

Sept. 17. Sepi. 18. Sept. 20. Sept. 21.Flour bbls. 115,417 101:;.504 112,878 89,820

387,023243,149245,88896,13721,921

Wheat hush. 304,996Corn 1,126,992Oats 728,859Barley 147,611Rye 50,130

400,362514,232717,618135,39456,130

373,168235,896231,466139,92343,349

Total. .2,558,583 1,914.236 1,299,302 994,118

Kail and lake shipments from same ports for last four weeks:Week Flour,

endiHQ— ooLs.

Sept. 17. ..129,541Sept, 10. ..115.539Sept. 3. ..166,001Aug, 27. -.183.743

Wheat,Ousti.

1,281,8591,375,5331,520,9561.411,102

Cortt,bush.

3,002,4813,572,3312,724,8164,127,570

Oats,bush.

756,809853,127673,170689,981

Barley,bush.147,611112,927123,85123,492

Rye,bush.50.1306).51961,73641,864

Tot,,4wk8.624.874 5,589,4.50 134 w'kg'80.. 551.001 6,919,171 11.

,427,281 2,973,090,716,872 3,363,781

407,881 214,249332.839 410,977

ileceipts of flour and grain at seaboard ports for the weekended Sept. 17:

Flour, Wheal,At— bbls. t>u8h.

New York 100.272 1,606,814Boston 65,784 96,975Portland 2,685Montreal 18,361 377,136Philadelphia... 2,896 138,000Baltimore 20,850 288,400New Orleans... 9.139 115,434

Oom,bush.

1,282,950249,120

4,80040,111

289.i^00366,200

1,538

Oats,bush.

406,750159,830

2,3004,611

170,00026,00033,610

Barley,bush.

7,800

Rye,bush.

19,72450

280-500

4,600

Total week... 230.017 2,677.7.59 2,233,945 803,154 7,800 25,154Oor, week '80.. 231,110 2,636,481 2,197,002 497,712 8,9j7 58,994

Total receipts at same ports from Dec. 27 to Sept. 17, inclu-sive, for four years

:

IS81, 1880. 1879. 1878.Flour bbls. 9,123,467 7,057,263 7,374,175 6,336,28»

Wheat bush. 71,456,945Com 80.567,399Oats 20,690,1.59Barley 2,037,358aye 1,007,140

Total grain .... 175,759,201 217,239,615 198,079,160 176,792,537

Exports from United States seaboard porta and from Montrealfor week ending Sept. 17, 1881:

Flour, Wlieat, Com,From— bbls. bush. bush.

New York 73,683 913,960 323,359Boston 11,079 40,520 Si5,586PortlandMontreal 3,801 114,192 88,943 11,875Philadelphia.. 1,400 225,283Baltimore 3,742 410,418 409,256New Orleans.. 517 lo6,000

Oats,bush.2,526

Rye,bush.6,976

Peas,bush.1,399

2953

63,589

Total fOTw'k 29,423 1,810,373 917,144 14,699 6,976 64,988Same time '80. 155,595 2,814,765 2,749.380 13,122 27,498 41,821

The visible supply of grain, comprising the stocks in granary»t the principal points of accumulation at lake and seaboardports, and in transit by rail and water. Sept, 17, 1881, was asfollows:

In store at~New York

Do, afloat (est,)Albany .,Buffalo ^3hioa^o „MilwaukeeDuluthToledoDetroitOswegoSt, LouisBostonTorontoMontrnalPhiladelphiaPeoriaIndianapolisKansas CityBaltimore

Wheal, Com, Oals, Barley, Rye,fyiish. btish. bush. bush. bush.

5,119,833 4,360,176: ,444,599 6,841 60.26O610,000 1,466,000 1,350,000 1,800 16.38»18.000 71,000 11,000 ...... 77,000

207,218 523,390 69,133 40T3,557,453 6,211,179 732,262 85,580 248.31T339,631 5,557 2,666 124,377 29,701260,704 ......

1,549,236 253,633 33,442 28,907828,792 11,750 12,800 430175,000 160,000 16,013919.501 1,824,061 104,884 3,216 59,54071,420 303,666 19,579 1.520 9470.513 65,129 1,250

245,718 101,203 5,053 2,226740,000 974,475 112,<H)0

9,717 194.052 103,965 1,509 124.913395,000 203,000 71,01/0 8,00032,767 72,032 19,966 15,021

1,585,200 . 727.778

Setteubbr 24, IStil.j THE (JHKONICLF. 337

147,011 Sa,330

68,693

*Wheal, Com, Oalt, Karlry, Kye,

In Store at— b\uh. buth. 6m«*. btah. buth..SownMUa'pl 53.151On rail l,*S0,ft29 2,083.1)1.1 ij.M.a59

On lake 1,235.000 3,547,0<>0 172.000On canal. 725,180 l,301,B.'i2 604,758

Tot Sept. 17, '81. 20.t 1(1.478 2 V.483.!>7rt (1.720.368 622.721 727.884Sent. 10. -81 10.848..'\2(1 24.083.001 0.780.850 858.732 645.309f„i,i 3. -81 ll).507.(!48 22.0.^7.17:1 7.007.456 370.833 510,672\i. ••7.'81 18.427.80H l».(i20,1.17 (!.917,205 165.841 348.651Au- JO. "81 17.f.M).016 I7,3.^4,»70 7.780.767 125.377 330.3188l1)L18, '80 15.419.983 17.303,070 1,484,591 524,950 627,020

The following statement, prepart>d hy the Bareau of Statis-

tics, will show the export.s of domestic breadstuflfs from the

undermentioned cu.stom.s districts, during the month of Aup.,

18S1, and for the eight months ended tne same, as comparedwith the corre(4ponding months of the previous year:

.

O O O — t - -

to K £ »^ 2 '^ 3 ;"'-"'- - E-^5 ;

«i3D>>.: 2 '

fS at- -: . .

:

12.°.* : ; i:

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•

R » :';

i; i :

«ui '.: ; : ;

63 "fl

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= ?-'

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k* ut K : (C . c; xi w w — i;'

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to 4^^ c;

^ CO X* :n IC pt- - ^ y CI; ; OS C/' :;! — w -.1 C i*3 ^.

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C- c C-: - »^

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113.OS'S '

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'ifipxiob*—b-1 #> c Xotoc:»

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:*»'-' — too:coto^,

ifc- r3» rotocccsi -i>-' o : oi rfi ccH ,

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too-*coo;-j"t*OD--toaiM*-^b'0•^' C. CO -4

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b'—XX-0 — -i.-

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h-X

NewHaven,

1,4006,250

Iiietiidtfil ill the lorc^'oing total.s an'New Haven. Poll land, Klclimoiid iind W1881, being aa follows:

Milwau-Barlev— kee.BuiibeUValue $

Indian corn—Biiahel8Value $

Indian eom meal—Ban-elsValue .$

Oats—BashelsValue $

Eye—BusUeUValue ^

Whcatr—Buslicis 119,150Value $ 143,210

Vbcat flour-BarrelsValue $

Total values

—

Aug., 1881 * 143,210Aug., 1880 $

8 months—1881 $ -.75,510 34,7451880 $ 933.497 50.384

the reports from Milwaukee.iUauiotte. the details for Aug.

Port-land.

Rich- Willam-mond. eite.

31.1

1,890

7,14010,323 87,010

t45.42863,599

21,757161,033

224,632223,863

339.303291,001

18,35075,120

380,12157,805

906,488 1,103.645 2,531,22(51,257,981 1,218,055 1,743,620

THE DRY GOODS TRADE.Fkikat. p. M.. B.i>t. 23, ISai.

BasinesH has been restricted in Toliinie the pMt week, owingto the sad event of President Garfleld's death, which c«aMdmany buyers to suspend operations for the present. Therewas a steady movement in cotton ffoocb, gingharas, shirts anddrawers, Ac, on account of bad orders; but the currentdemand (at flint hands) was comparatively liglit. Light-weightclothing woolens have been more generally opened bv agents,and some very fair orders for cassimeres. worsted coatings, 4c.,were placed by clothiers -for fatare delivery. The Jobbingtrade was mcxlerately active, and large sales of black prints,cambrics, rolled jaconets, buntings, Ac, for draping purposes,vvere made by leading jobbers at remunerative prices, quota-tions having been advanced in some cases, owing to the com-parative scarcity of such fabrics.Domestic Cottou Goods.—The eiports of cotton goods daring

the week ending Sept. 20 aggregated 8,432 packages, inclading1,677 to China, 608 to Great Britain, 3i»l to Argentine Bepablic,351 to U. S. of Columbia, 132 to Hayti, 103 to Uraguay, lOO toVenezuela, and smaller lota to other markets. The demand atfirst hands was only moderate, but receipts were almost whollyabsorbed in the execution of back orders, and a very fair busi-ness was transacted by jobbers. Prices ruled firm on alldesirable makes of plain and colored cottons, and stocks haveseldom or never been so light at this stage of the sea.son. Printcloths were in fair demancl and firm at 3 15-16c., less a small ^s-count, for 64x64 "spots," 8 l!)-16c. flat for 64iC4 ".futures toJanuaiTf," and 3%c. ca.sh for .WxeOs. Prints were in irregulardemand, but quiet upon the whole, and there was an activebusiness in dress ginghams.Domestic Woolen Goods.—The demand for men's-wear

woolens has been mostly confined to spring cassimeres, suitingsand worsted coatings, for which some gocni orders were placedby the clothing trade. Heavy clothing woolens were quiet asregards new business, but fair deliveries were made by agents inexecution of back orders and stocks are so well in hancl thatprices are firmly sustained. Cloakings and beavers were quietwith agents, but considerable lots of the latter were moved byjobbers at relatively low prices. Kentucky jeans were lightlydealt in, but a good busines.s was done in a few leading makesof doeskins that have lately been reduced to exceptionally lowfigures. Colored flannels were in eteady demand and firm, andthere was a fair movement in blankets. Worsted dress goods,shawls and skirts were mostly quiet but steady in price.

FoEEioN Dry Goods have been rather less active in both first

and second hands, and the offerings at auction were unimport-ant as a rule. Cashmeres and specialties in fancy dress goodschanged hands In moderate quantities, and there was a fair

demand for small parcels of silks, satins, velvets and plushes,desirable makes of which are steadily held. Linen goods, laces

and embroideries were in limited request, and the (lemand forhosiery and gloves was mostly of a hand to-mouth character.

ImporlallouB of Dry Roods.The importations of dry goods at this port for the week

ending i^ept. 22, 1881 and since January 1, and the same facta

for the comwponding periods of 1880, are as follows;

m» : : B ; sa , • • I tr*

2 • . :• P

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to C!» ] rfj- ;o to to 01to to ; to -I5i>**--

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V 338 THE CHRONICLE. [Vol. XXXin.

Financial.

Taintor & Holt,

BANKEKS,

lie. 10 WALL STREET, NEW TOBK.

TRANSACT a GENEBAL BANKING business.

DEPOSITS receivea and INTEREST allowed on

balances.

Buy and sell GOTERNMENT. MUNICIPAL and

RAILROAD bonds.

PriTite telegraph wires to Providence and Boston

G. B. TAINTOR. GEO. H. HOLT

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

a Excftangc Conrt. New Yorte.

C. M. RCTTEB, W. N. WAiKEK.Member of N. Y. Stock Exchange.

Rutter & Walker,SANKERS .*NI> BROKERS,

No. 80 BEOADWAY, NEW YOEK.

Buy and Sell on Commission, for cash or on mar-gin, all Securities dealt in at the New York StockKxchangc. Interest allowed on daily balances.

Particular attention paid to orders by mail or tele-

graphy

F. E. Trowbridge,BANKER AND BKOKEK,

No. S BROAD OR 27 WALL STREET,NEW YORK.

Member of tht N. T. Stock ExOtanne.

BRANCH Office :

BATEJMAN & CO., WASHINGTON, D. C

A General Banking Bnslness Transacted.

Securities bought and sold on commission forcasbor on margin. ^ „ , , ^ ^i.Advances made on approved collateral at the

market rate., . ^ ^ , . , i.»

Leposits received subject to check at sight.

4 per cent interest allowed on all daily balances.Orders executed at London, San Krancisco, Bos-

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

mailed free of charge on appIicatioD,

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

66 BROADWAY, NEW YORK,DEALERS IN'

Flrst-Class luvestnient Secnrltlea.GOVERNMENT BONDS, STATE. CITY, COUNTYRAILROAD & MISCELLANEOUS SECURITIBS

Bought and Sold on Commtssloa.Virginia Tax-ReceivabU Coupons Bought.

aODlHERN SECURITIES A SPEOIALIT.LOANS NEGOTIATED.

INTEREST Allowed on Deposits.

W. C. Floyd-Jones, William Eobison,Members of the N. Y. Stock Exchange.

Floyd-Jones & Robison,• BANKERS AND BROKERS,

No. 3 EXCHANGE COURT.Stocks, Bonds and all Investment Securlttes

l)OUght and sold [strictly on commission] for cash

or on margin.

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

9 Wan St., Cor. New, New York.INVESTMENT SECURITIES.

Special attention to business of country banks.

Financial.

.3 D. Princb, Jas. Whitely, h. Cruder oakletHarry C. Logan, Maynard o. Eyre.

1 W. R. Travers, Special Partner,

Prince & Whitely,«0. 64 BROADWAY, NETT YORK,

(Branch Office, ISO Fifth Avenue).All classes of Railway and Mining Stocks bought

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

ton. Baltimore, Washington, Boston, Bridgeport.and New Haven.-

J.D. Probst & Co.,

6TOCK AND BOND BROKERSNo. S2 EXCHANGE PLACE, NEW YORK.

STOCKS, RAILROAD BONDS, GOVERNMENTS ANDMiscbllaneocs Sbcciiitles BonoHT AKD SoldAJ.EI. 8. Clark h. b. Bacon.

Chronicle VolumesWAXTED.

olume 1, 1865; Volumes 2, 4, 8 and 10, and suc-

ceeding Volume? dowB to 1878. Apply at PubUca-loDi Office, 7S) * 81 WllUam Str»et.

Gwynne & Day,[Establislied 1854.] No, 46 TWall Street

Transact a general banking and brokerage busi-

ness in Railway Shares and Bonds and Governmentsecurities.

Interest allowed on deposits.

Investments carefully attended to.

C. I. Hudson & Co.,3 EXCHANGE COIIRT, NEW YORK,

Branch Office and Private Wireat the "Cumberland," Broadway and 22d Street.

Buy and sell on commission, for investment or onmargin, all securities dealt in at the New YorkStock Exchange.R. R. LEAR |C. I. Hudson, T. H Curtis.

Member N.Y. Stock Exoh.

Joseph p. Lloyd. w. c. McKeanMember of N. Y. Stock Bxch'ge

Lloyd & McKean,34 XTKl^X. STREET, NEW^ YORK.Buy and sell—on commission—Government, Ball-

way and Miscellaneous Securities. Receive deposits

subject to check, and allow interest on balances.

Oilman, Son & Co.,BANKERS,

63 CEDAR STREET.In addition to a General Banking Business, buj

and sell Government Bonds and Investment Securi-

ties.

P. W. Gallaudet & Co.,BANKEES,

VKITED BANK BVILDINO.WALL STREET, COR. BROADWAV.

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

at N. T. Stock Exchange.Advances made on business paper and other

securities.

James Kitchen,

COMMISSION BROKER IN UNCURRENTINVESTMENTS,

70 CEDAR STREET,

P. O. BOX 3413. NEW YORK

cG Co*BANKERS,No. 18 TFALIi STREET,

Ne«r YorU.Transact a General Banking Business, Including

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

Bur and Sell IiiTestment Securities.P. O. BOX 2,647.

A. M. KiDDEB. WATLAND TRASC. E. J. MORSKW. C. Hill.

Fred H. Smith,BANKER AND BROKER,

No. 20 BROAD STREET, XEW YORK.

RAILROAD SECURITIES(An intimate knowledge of all for the past 10 Years

A SPECIALTY.Investors or Dealers wishing to buy or sell are

invited to communicate. State, Municipal andRailway Bonds and Coupons bought and sold at bestMarket Rates.

iBoodt^t

& So*BANKERS,

58 Broadway, cor. Exchange Place,

TRANSACT A GENERAL BANKING BUSINESSINCLUDING THE PURCHASE AND SALE OFSTOCKS AND BONDS FOR CASH OR ON MAR.GIN. BUY AND SELL COMMERCIAL PAPER.

P. O. Box 447.

Financial.

Howard Lapslet, d. setmour willaeoMembers N. Y. Stock Exchange.

Ctrub W. Field, JR. Cyrus W.fielbSpec:«l.

Lapsley, Field & Co.,STOCK BROKERS,

No. 5 WALL STREET,New^ York.

BBNEJ3I GBOESBECE, GRANT B. SCBLIT,Members N. Y. Stock Exchange

Groesbeck & Schley,

BROKERS,No 15 WALL STREET, NEW, YORK.

WALSTON H. BROWN. FRED. A. BROWN.

Walston H.Brown& Bro.BANKERS,

11 Pine Street, New York.

SPECIAL ATTENTION GIVEN TO THE NKGO-TIATION OP

RAILROAD SECURITIES.

J.H. Latham & Co.,

INVESTinE]yT SECURITIES,New York City, Chicago, Cincinnati, St<

Louis, District of Coluiiibia, andGoverniuent Securities.

FOREIGN E X-C H A N G E2 WALL STREET.

J. H. LATHAM. F. W. PERRT.

(olilJ^S.pOUDEpfyEj^JipS.

25 Pine §T. - l^ew^ORK^

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

classes of Securities dealt in at the NEW YORKSTOCK EXCHANGE, or all reputable Securities

bought and sold in the OPEN MARKET. LOANSand COMMERCIAL PAPER negotiated. Interest

paid on DEPOSITS, subject to check.

D. A. BOODT.BSUB£N LEULND,

C. W McLELLAV.JRF. G. gALIONSIAIX.

NEW YORK :

Geo. W. Cecil,Member N.Y. Stock Ex.

M. Zimmerman.

CINCINNATI, 0.:

W. P. Thomas.W. M. Wilshire.

CeciljZimmerman& Co.BANKERS AND BROKERS,

74 BROADWAY, NEW YORK.69 WEST THIRD ST., CINCINNATI, O.

J. P. WIl^TRllVGHAM,GAS, INSURANCE, BANK STOCKS, &o.securities BOUGHT AT THE AUCTION SALES.

No. 36 PINE STREET,NEW YORK.

ESTABLISHED1864.

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

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

purchase and sale of Stocks and Bonds on Marginor for investment.Complete Financial Report issued weekly to our

correspouden ts

Geo. H. Prentiss,

No. 17 WALL STREET, NEW YORK.

GAS STOCKSAND

GAS SECURITIES,TEEET RAILROAD STOCKS AND BONDS

AKD ALL KINDS OP

BROOKLYN SECURITIESDEALT IN.

SEE GAS QUOTATIONS IN THIS PAPER.

8EPTBMBKR 24, 1881.J THE CHRONlCLt.

Financial.

Thbo. V. BAND. Jony SiCTcna.Max K. Sand, Member N. 7. Stuck Kzob.

Sand Brothers & Co.,BANKERS AND BROKERS,

64 Wall Street, New York.

aroCKB AND BONDS BOUGHT AND BOLD CMCOMMISSION.

COMMERCIAL PAPER NBOOTIATED.

(Vm. t>. Bk»bc. Wh. p. Smith,Memoen of New York Stock Exohiui<«,

Breese & Smith,BROKERS,

Ho. 39 BROAD 8TREET, NEW YORK.Oorernmont Bondfl. Stocks and alt iDveatment

Securities bouKht uud sold uu commission.

Boston Banker*.

Simon B org.Mo. 8 WALL' STREET, NEW YORK.

DEALER ur ALL KINDS OF

Bailroad and Inrestment Securities.

SOUTIIEBS SECCKITIES A SPECULTT.

Glazier, Kohn & Co.,BANKERS AND BROKERS,

ee BROADWAY AND 19 N'EW STREET,

XEvr roRK.STOCKS AND BONDS BOUGHT AND SOLD ON

COMMISSION.

Foote & French,BANKERS,

AND DIALBRB IN

GOVERN MENT BONDS,or ALL ISSUES.

OOllitlSSIOy ORDESS SXSOVXMJ> IS

BOSTON,NEW YORK,

PHILADELPHIA,Ko. 7 CONGRESS STREET AJfD

No. 2 CONQBESS SQUARE,

BOSTON, MASS.

Baltimore Bankers.

SethH.&H.B.WhiteleyBANKERH AND BROKERS.

Ko. 87 OERMAN STREET,

P. O. Box 313. BALTinOBB.Orden (or Btooki ezeentad In Boston, New Tork

Philadelphia and Richmond.

Geo.Wiii.Ballou&€oBANKERS,

14 Wall Street, 73 DeTonahlre St.,NEW YORK. BOSTON.

Receire accounts of Bank.i, Bankers, Corporationsand Individuals upon fuvorabje terras.Deal In Governments and Standard Investment

Securities.Bonds and Stocks bought and sold on commission

at the New York, Boston and other Ezchanfies.GEO. WM. BALLOU, D. H. DARLING,WM. H. BINGHAM, A. 8. WEEKS,

New York. Boaton.

J. WILLOOZ BBOWK. C. D. LOWMDM.

Brown & Lowndes,BANKERS AND BROKERS

No. 10 OERUAN STREET,

P. O. Box 874. BAXTinOBB.

Wilson, Colston & Co.,BANKERS AND BROKERS,

BALTinORE.INVESTMENT and VIROINI «V;UEITIE3 a

specialty.< orrespondence snllcltitd and 'aformatlon (or-

Dished.y. Y. COBBE8POXD»NTg—McKIm Brothers & Ce.

QIOBOK STABE. John F. STABE.

George Stark & Co.,BANKERS,

No. 33 NASSAU STREET, NEW YORK.Bay and sell Investment Securities (or cash or on

commission. A specialty made o( Western FarmUortgages bearing from 7 to 10 per cent Interest.Will undertake the negotiation of loans npoa

Western City property la large or small amoants

Lansdale Boardman,STOCK BROKER,

No. 80 BROADWAY, Rooms 37 dc 38,Branch OFricB. Tbot, n. Y.,

Connected by Private Wire.ALL securities dealt In at the Now York Stock

Bxchange bought and sold on oommlsslon and car-ried on a fair margin.INTEREST allowed on credit balances.

STOCKS and BONDSAt Auction.

The Undersigned hold REGULAR AUCTIONSALES of all classes of

STOCKS AND BONDSox

WEDNESDAYS AND SATURDAYS.

ADRIAN H. ini;L.I.ER Sc. SONNo. 7 PINE STREET, NEW YORK.

John B. Manning,BANKER AND BROKER,

No. 6 Wall Street, New York CitySOUTHERN SECURITIES

A SPECIALTYState, Municipal and Railway Bonds and Coupons

Bought and sold at best market rate?. Investors ordealers wishing to buy or sell are Invited to communi-cate with us.Member of tlie New York Stock Exchange.

Wm. Fisher & Sons,BANKERS,

And Dealers In Governincnta, Stocksand InTe«tnieut Securities,Opposite Second St , 32 SOUTH STREET,

BALTIMORE, nD,,Have Western Union wires In tliclr offices, bymeans of which Immediate eommiinUinlon can boHad with all comnicrciul iiulnts In lli,' .. ,untry Es.pedal attention (dven to purchase :m i sale of Vlr-

Sl".'? "-i'"""'''''"?"'""'''»• l^i-'furruil unci all Issuesof the State, and to all classes of tiouthern State

fi It d°"*"*'>J' Securities. Correspondence so-

Brewster, Basset & Co.,

BANKERS,No. 35 CONGRESS STREET,

BOSTON.MEMBERS OF THE NEW YORK AND BOSTON

STOCK EXCHANQES.ALSO,

Dealers In Municipal, State, Railroad andUnited States Bonds.

Tower, Giddings & Co.,BANKERS,

No. 83 DEVONSHIRE STREET,BOSTON.

Orders for Stocks>zecuted In Boston, New Yorkand other markets.

Robert Garrett & Sons,BANKERS,

No. r SOUTH STREET.BALTI.-nORE.

TRANSACT A GENERAL DOMESTIC AND FOR-EION BANKINO BUSINESS.

W. 8. WHITELIY, Jr. E. N. MORISOIT.

Whiteley & Morison,BROKERS,

STOCKS, NOTES AND BONDS, AND DEALERSIN FOREIGN EXCHANGE,

Comer South and German Streets,BALTimoRE, no.

Correspondence Invited and full Information onfinancial subjects furnished.

Southern Bankers.

Parker & Stackpole,BANKERS,

No. 68 DEVONSHIRE STREET,

BOSTON.

Chas. A. Sweet & Co.,BANKERS

40 STATE STREET, BOSTON.

DEALERS IN GOVERNMENT SECURITIESState, City, County and Railroad Bonds.

PIiKadelphia Bankers.

Campbell & Schoolcraft,STOCK BROKERS,

No. 1104 MAIN STREET,RICHnOND, VA.

SOUTHERX SECURITIES A SPECIALTTWii. C. CouKTXEY. Pres. Ernest H. I'KiNOLE.Cash

BANK OF CHARLESTON,NATIONAL BANKINO ASSOCIATION,

CHARLESTON, 8. C.Special attention given to Collections.

E. E. BcBBDss, Pres't. A. K. WALKER, Cashier

First National Bank,TTIIiiniNGTON, N. C.

Collections made on all parts of the United States

XaOS. F. UILLEB, R. D. WILLIAMS. JNO. yt,CHAS. B. lUILLER.

Thos. P. Miller & Co.,BANKERS,

inoBiLE, alaba:via.special attention paid tocoitections, wHh prompt

remittancesatourreut rates of ezchauge on dajparmentCorre8pondentfl.--OeriDan-Amertcan Bank New

York : Louisiana National Bank, New Orleans Bankof Liverpool, Lirerpool.

Geo. C. Thomas. Jos. M. SHOEMAEER.

Thomas & Shoemaker,BANKERS AND STOCK BROKERS,

134 South Third St., PHILADELPHIA.Dealers In all Issues of United States Bonds.

Investment Securities a specialty. CorrespondenceInvited and full Information upon financial subjectsfurnished.

A. P. Turner & Co.,BANKERS,

No. aor Walnut Place, PHILADELPHIA.Government, State, Municipal and Railway Bonds

and Stocks bouitht and si.Id at all the Exchanges.Investments prudently made In sound railway se*curltles. Collections prtiniptly attended t'».

Correspondents carefully represented at Auctionsand Private gales. Bonds of good hut not well-known railroads always wanted for Investments atthe best rates. Orders on marKlna not entertained

B. U. MAURY &. CO.,STOCK BROKERS,

KICIUION'D, VIRGINIA,Buy and sell Government, State. Municipal and

Railroad Bonds and Stocks, itc, VlrKlnla StateTax-Recelvable Coupons bought and sold. All orderspromptly attended to.

New York Correspondent, VERMILYE t CO.

MERCHANTS' NATIONAL BANK,RICHMOND, VIRGINIA.

Collections made on all Southern points on bestterms; prompt returns.

JOU.V P. BRANCH, President.J. B. MORTON, Cash. Fred. R. Scott, Vlce-Pres't

THOMAS BRANCH &. CO.,BANKERS AND COMMISSIO.V MERCHANTS,

RICII3IOND, VIRGINIA,Information on nil classes of Southern Secoritles.

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

HARRIS &, RIIIND,STOCK AND BOND BROKERS.

AUGUSTA, GEORGIA.Buy and sell all kinds of Investment Seeurities

ontHxbt or on commission. Information fttrnlshed.Oideia and correspondence solicited.

Vi THE CHRONICLE. [Vol. XXXIII.

Western Bankers.

A. Prescott & Co.,BANKERS,

capital »60,000

TOPEKA, KANSAS.Municipal Bonds and Mortstiiee Loans Negotiated.

collections and correspondence receive prompt at-

'coBBBSPONDENTS.— Boston, National Bank of

North America; New York, American ExchangeNational Bank and Ninth National Kank; Chicago,

Preston. Kean & Co.; St. Louis. Third National

Bank ; Kansas City, Bank of Kansas City and Mer-chants' National Bank

Tarvis, Conklin & Co.,•^ LOAN BE0KER8,

KANSAS CITY, MISSOURI.WESTKRN FARM MORTGAGES, YIELDING 7

ANO 8 HER CKMT. A SPECIALTY.Negotiate School District, Township, City and

County Bonds. Write for circulars, blanks andreferences.

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

First National Bank,U. 8. DEPOSITORY,

l^OUISVILLE, KENTUCKY.Special attention given to collections. Proceeds

promptly remitted at best rates. Accounts of

Banks and Bankers solicited.

John V. Hogan & Co.,113 No Tliiril Street, St. Louis, Mo.,

DEALERS IN

Western and Southwestern Municipal and RailroadBunds or Stocks.

Defaulted bonds a specialty. Choice investmentsecurities Hlway*< for sale. Write to us before youbuy or ael^aoy Illinois, Missouri or Kansua bonds.

P. F. Keleher&Co.,305 OLIVC: STREET, ST. IiOUlS, iTfio.

First-class Western Investment Securities forsale. St. Louis City and States of Missouri, Kansas.Texas, Arkansas and Colorado Bonds a specialty.Full information ^iven in reference to same on ar-lication. Coupons and dividends collected.

Leonabd Matthews. Edwards Whitaker.Member N. Y. Stock iCzch.

Matthews & Whitaker,ST. liOULS, MO.,

BROKERS AND DEALERS INHcate, City, County and liR. Bonds & StocksOrders receive prompt and personal attention.Correspondents, Messrs. Maxwell & Graves, New

York City, and Messrs. Blako Brothers & Co., NewYork ana Boston.

C. F. Pexzhl,President.

; STATE BANK, >C. T. WAI.KBR: Incorporated 1875. J Cashier.

German Bank,LITTLE ROCK, ARK.

CAPITAL. (Paid-in) 875,000SURPIiUS - !23,000Prompt attention given to all business In our line

N. Y. COBBESPONDENTS—Donnell, Lawson & Co.,

and the Metropolitan National Bank.

Coiiiiiicreiui Card!).

George A. Clark & Bro.,

Conitncreial Cards

niLWAKn'!!! HKLIX NEEDLKS100 UROAinVAl". NKW YORK.

E.R.Mu(lge,Sawyer&CoAOKNTS FOR

Washington mills, Chtcopee Mfe, Co.Itiirliim^ton IVooIeu v,o,,

Ellertou i\e\v Jlills, '

Atlantic Cotton milg.Saratoga Victory ITflg. Co., Ocean Milla

l>eabudr Jflllls,"^""'^

ANDHosiery, Sblrts and Drawers

trom Various Mills.NEW YORK, BOSTONWHITE STHEirr, 15 Chauncey Stbebt_ PHlLAnBLPHlA, »IRBST

i. W DAYTON, IM CHISIKVX SiaaEE.

Brinckerhoff, Turner

& Co.,Manufacturers and Dealers In

COTTON SAILDUCKAnd all kinds of

COTTON CANVAS. FELTING DUCK, CARCOVERING, BAGGING. RAVENS DUCK. SAILTWINES. 4C.. " ONTARIO " SEAMLESS

BAGS. "AWNING STRIPES."

Also. Agents

UNITED STATES BUNTING COMPANY.A full supply, all Widths and Colors, always In stock.

No. 109 Dnane Street,

Wright, Bliss & Fabyan,

New Tork, Boston, Philadelphia,

SELLING AGENTS FOR LEADING BRANDS

BKOWN AND BLEACHED SHIRTINGSAND SHEETINGS,

PRINTS, DENIMS, TICKS, DUCKS, &c.

Tnwels, Quilts, Wliite Goods and Hosiery.

Drillii. Sheetings, ttc.. for Export Trade.

WOBKS AT OniKXT, L. I., andKICHMONJ). VA.

' Eureka"'"OBIENT."

The Atlantic & Virginia

Fertilizing Co.OFFER THEIK STANDARD BRANDS

A3IMOSIATED BONE SCPERliHOSPHATE OF LDIEAND

"OBIKNT COMPLETE .MANUIIE."And want a uood workins agent in every thrlvinj!cotton, tobacco, prain and truck growiuff county.Ap'^ly (with reference) to

W. G. CRKNSHAIJP, PresH,Grknshaw Wahehousk.

RicUmond, Va.

Wire Rope.Steel AND charcoalIKON of superior quality

suitable for MINING ANDHOISTING PURPOSES,Inclined Planes, Transmis-ion of Power. &c. Also,lalvanized ChKrcoal and!B for Ships' RiKKinn, Sus-•enaion Bridges, Derrickluys, Ferry Ropes, &c. A.:irge stock constantly onfiand from which any de-sired lengths are cut-FLAT STKBL AND IRONROPES for Mining pur-poses manufactured to or-

ifiVsov Sc CO.,43 Br»a«l»«^aT-. IVo^w V«rlr,

JOKIV

UTUALLIFINSURANCE (OMM

OF NEW YORK,F.S.WINSTON, PRESIDEN1

SSUES EVERr APPROVED DESCRIPTION OilFE AND ENDOWMENT POIICIEI)NTERMS AS FAVORABLE AS THOSE 01

ANY OTHER COMPANY.ORGANIZED APRIL. IZt.h 184.2.

MASsnsov£Rmooo,ooc

^iu\ Wm*OOZJ} MEDAL, FABIS, 1878.

EU Celebrated ifumlert,

3I03-4O4- 1 70-35 1 -332,ana.Aw other styles may be had o/all dealvi^ throughout the world,

' Joseph Gillott & Sons, New York.

HENRY VV. HAllTER, ATTOENET.Canton,OtiM), conducts ail classes of cases aguitistiDdir-

Iduals, ruilroais pud other corporations in both Stateand U. 8. Courts. Itefers to C. Aultman. Canton O.Isaac Hartcr & Sons, Canton, O.; Kountze Bros

.

fcew York; Kx-CUief Juetloe Agnew, Beaver, Fa.

Pnblicallons.

VALXJE OFRailroad Securities.

AN ANALYSIS OF

Debt; Interest Charges ; and EarniHgsin the Past Four Years.

MONTHLY RANGE OF STOCKSAND BONDS

JANUARY TO JUNE, 1881, INCLVSIYEAND I3E FULL YEAS 1880.

CONTENTS.Value of Railroad Securities.

—

A STATEMENT OP THE BONDEDDEBT, INTEREST CHARGES, ANDEARNINGS for Four Years Past, of all

Railroads which have Earned the Inter-

est on their Bonds.

Highest and Lowest Prices, Monthly

—

BONDS INNEW YORK^J anuary to July,

1881, and the full year 1880.

STOCKS IN NEW YORK— January to

July, 1881, and the full year 1880.

STOCKS IN BOSTON—January to July.

1881, and the full year 1880.

STOCKS IN PHILADELPHIA—Januaryto July, 1881, and the full year 1880.

Dividends.

—

DIVIDENDS ON RAILROAD STOCKSSold at the Exchanges in New York,

Boston and Philadelphia, up to July 1

in 1881, and for five years previously.

Railroad Earnings.

—

RAILROAD EARNINGS—To latest dates

in 1881, Compared with Same Period in

1880.

Price in Red Leather Covers, - $1 00Xo subscriber! ofthe Chronicle, - 7S

WILLIAM B. DANA Ac CO.,

79 & 81 WILLIAM STREET, NEW YORK.

t^"The Greatest Living Authors

such as Prof, max RIul-ler. Right Hon. W. E.Oladstoue, James A*Fronde, Prof. Hnxley,R. A. Proctor, Edw. A.Freeman, Prof. XyndallDr. IV. B. Carpenter,Prol. Ooldwin Smith,The Duke ot Arsfll,William Black, Miss

Thackeray, Mrs. Muloch-Cralk, Geo.raacDonald, Mrs. Oliphaut, Jean Inge-low, Thomas Hardy, Matthew Ar-nold, MV, H. Mallock, W, W. Story,Turguenlef, Carlyle, Rusklu, Tenny-son, Browning, and man; others, are repre*

Bented in the pages of

Littell's Living Age.In 1881. THE Living Age entered upon its thlrty-

eiffhth year, admittedly unrivalied and contina-ousiv successful. A weehly magazine, it gives morethiiii

THREE AMD A QaARTEK THOUSANDdouble-column octavo pages of reading matter year-ly. It presents in an Inexpensive form, conssderliutts great amount of matter, with freshness, owingto Its weekly issue, and with a satisfactory com-pleteness attempted by no other publication, thebest Kssays, Keviews, Criticisms. Serial and ShortStories, sketches of Travel and Discovery. Poetry,Scientiac. BioKraphical, Historical and Political In-formation, from the entire body of Foreign Peri-odical Literature. „ ^ -

_»

Published weekly at $8 00 per year, free ofpostajro; or for »10 50 THE Llvi.NO AGE and anyone ot the American $4 Monthlies (or Harittr »

Weekly or Sna t) will bo eent for a year, postpaid

;

or for $9 BO The Living Age and the Hi. Aicliolas

or Appleton^s journal, or htppincott'e Monthly. Ad-dresB.

UTXEI.I. 4c CO., Boston.

Si ni.i

Inmnrancc.

OFFICE OF TUE

ATLANTIC

Mutual Insurance Co.,

NEW YORK, Jimuary 25, 1881.

Tho Trustees, In coiiforuilty to tlio ('lmrt«rof

tho C'onii>an}', submit the following Blatement

ot lt« ftffaira on tho 31et December, 1S80:

Premtuius ou Marine Kiaks from

l8t Jauuarj-, 1880, to 3lBt Be-

oeniber, 1880 S4.232,G75 04

PreniiinuB on Policies notmarkedoff Ist January, 1880 1,495,917 23

Total Marluo Premiums .... $5,728,622 27

Premiums marked off from lat

January, 1880 to 31st Decem-ber, 1880 *4,141,0S7 80

Losses paid daring tlie sameperiod $2,071,238 98

Betoms ot Premiums and ex-

penses $873,113 96

Tbe Company bas the following assets, viz.:

United States and State of NewYork Stock, City, Bauli andother Stocks $8,983,558 00

Loans secured by Stocks andotlierwise 1,187,900 00

Ee^U Estate and Claims due the

Company, estimated at 470,000 00

Premium Notes and Bills Be-oeivable 1,628,921 34

Cash in Bank 337,977 37

AiHOUut $12,608,356 71

SIX PEE CENT INTEREST on the outstand-

ccrtilicates of prolits will be paid to tbe holders

thereof, or their legal representatives, on and

after Tuesday, the First of February next.

THE OUTSTANDING CERTIFICATES of

tbe issue of 1876 will be redeemed and paid to

the holders theraof, or their legal representa-

tives, on and after Tuesday, the First of Febru-

ary next, fi'om which date all interest thereon

will cease. The certiflcates to be produced at

the time of payment and canceled.

A DIVIDEND OF FORTY PER CENT is

declared on the net earned premiums of the

Company, for tbe year endins 3l8t Deoemlier,

1880. for which certihcates will be issued on

and after Tuesday, the Third of May next.

By order of tbe Board,

J. H. CnAPaiAN, Secretarr,

TKCiSTEEStJ. S. Jones,

Cliarles Dennis,

W. H. H. Moore,Lewis Curtis,

Charles H. Russell,

James Low,David Lane,

Gordon W. Bumham,A. A. Raven,Wm. Sturgis,

Adolph Lemoyne,Bei^amin H. Field,

Joeiah O. LowWUUam E. Dodge,Boyal Phelps,

Thomas F. Youngs,C. A. Hand,John D. Hewlett,William H. Webb,Charles P. Burdett,

Horace Gray,Edmund W. Corlies,

John Elliott,

Alexander V. BlakerBobt. B. Mintum,Charles H. MarshaB,George W. Lane,Edwin D. Morgan,Robert L. Stuart,

James G. De Forest,

Samuel Willetta^Charles D. Levench,W'ltiam Bryce,

V illiam H. Fogg,Peter V. Kinf,-.

Thomas B. Ciiddington

Horiice K. TLiirber,

William Degroot,

Henry Collius,

JuhuL. Rikcr.

J. D. JONES, President.

CHARLES DENNIS, Vicc-PresldenL

W. H. H. MOORE, 2d Vioe-Presldent.

A. A. UAVEH, 3d YiM-Preu/teat

InRuranvo.

H O iM Einsurance Company

OF NKW VOHK,OFFICE, 119 BROADWAY.

Ftfty-Slxib Seml-ntiniial 8(atein«nt,BBOWINO THK

COKDITIOX OFTUK COMHANV ON THB PIRgO'UAVOK JULY. 1881.°'

CASH CAPITAL $3,000,000 00KeMTve for Unearned I'remiums l,sno,67ii OOReserve for Unpaid I^ssfs 210 7^4 29Net Bmpluii

, I,738,»i27 03

Cash Assets $6,860,029 32SIJ."imAUY OF A8SBT8

'^'?'?.J,'}.,"'5 V"''ecl suites, aviillablo for the PAT.MKNT of LoaSKS bj, FlllK .in<l for the protec-tion of I'ollcy-llolileia of KIllK INSURA.NCK-

CauTl In Banks 11153,877 14Oijud.-, and luuriiiaKos. heinit drat Hon onn-nl i-stHti> (wi.rth 13,(180.550) 1,715558 00

Unilcil Slalea »t(jck« imiirkHt value) H.OWMX) 00liank* HK. stocks Jtbit^.lniarket value) 635,517 50State and municipal b'ds (market value) ltl8,7S0 00I.OdtiH on stocks, imyablH on dRmnnd(market value of col «ter'ls.»2.45\),731) l,8ft5.(!00 00

Intt-resl due un Ist Julv. IKHi 59^)9 11Premiums uncoll'et'd* In h'nds of ajrts. 14.'i'203 17Hi'Ul estate 51,815 40

Total tB,896,020 3ZOffAS. J. MAKTIN, President.J. H. WASHRIIRIV, Secretarv.

Steamsilitps.

Only Direct Line to France,

GENERAL TRANSATLANTIC CO.BETWEEN NEW YORK AND HAVRE,From Pier (new) 4'i .Vorth River, foot of Morton St.Travelers Dy this line avoid botb transit by tinn-

lisb Railway and the discomforts of crossinf; theChannel in a small boat.ST. LAURENT, Sirvan Wed., Sept. 28, 8 A. M.FKANOK, Trudellc Wed.. Oct. 5. af.M.CANAn.\, Kranguel Wed.. Oct. la.9A.M.Price OK i'as.sa(JE—(tncludinK wine,: T-. Havre

—

First cabin. *luo ana tBO ; second cabin, 160; steer-awe. 2«. including wine, bedding and utensils. Kc-turn tickets at very reduced rates. Checks drawnou Credit Lyonnaia of Paris in amounts to suit.

FOR MARSEILLE.^.ToncniNG AT Cadiz, (iiBRALXAa & Barcelona.The followinfrstuaiu'Ts will leaveNew York director Cadiz, Gibraltar, Barcelona and Marseilles, tak.

Inff freiitlit and iiassenfjers :

KERDINANO 1)E LKSSEP3, Baquesne Sept. 88VlLLKDKMAKSKlLl^E;) Oct. U

No steamer on :i8th of October.Rates op HASSAGB-For Cadiz and Gibraltar-

first cabin, $75 and *yO; for Barcelona and Mar-seilles—First cabin, $80 and $100. Steerajte, $33.Through bills of ladin>t Issued to Mediterranean

Ports, including Barcelona, Algeria, Tunis, Genoa,Lcffhorn, Naples, Messina; also, for Trieste andConstantinople.N. K.—No freight taken for Gibraltar.On and after 8ept. 28 the steamers leaving New

York on the 28th of each m -nth will touch at Lisbon.

LOUIS DE BEBIAN, Aeent,No. (i Bowlinir Green.

Cotton.

E. S. Jemison & Co.,BANKERS

AND

COTTON COMMISSION MERCHANTSNo. 10 Old S>Ii|>, New York.

ilOODY Sc JEMiSON, Clalveston, Texas.

H

J.P. Billups & Co.,

COTTONCOMMISSION MERCHANTS,

Nos. 16 &; 18 Exclian2e Place,

POST BUILDIKO, NKW YOBK-

Special attention given to the Purchase and Bale

of Contracts for future delivery of Cotton.

Cotton.

JOHBI II. CLISUY & CU.,

cotton buyers,;montgomery, ala.

Purchase only on ORDiiRs, for a Commission

A. L. Leman,COTTON BROKER,

No IGO SECOND STREET,SIACON, GEORGIA.

Entire attention paid to purchase and shlfment ofCotton on ordei tur Spinners and ExportersBest of references lurDlsbed. OotreBprndenM

•oUcited.

OBAB. r. BOSOBIIT, voa.M n. BA%mwn,

C. F. Hohorst & Co.,C"OTTO\

COMMISSION MERCHANTSNo. 135 P84RI. aTRBBT,

NCMT tork.ReoelTeCOntlcnmentsof Cotton and other prodOMLIBKKAL ADVANCES UADB.dpeclnl attention given to ordeni for tbe parohaM

«nd »!« of Cx>ntraot« for Future Delivery of Cotton.

Jno. C. Graham & Co7y(Suooouors to n. M. WATERS A CO.)

B A N K K B SAND

COTTON COMMISSION MERCHANTS18 William 8trcei, New York.

INYBSTMBNT 8KCURIT1K8 BOUOHT ANDBOLD FOB A 0<,MMI,-»10N.

F. Hoffmann,COTTON BROKER AND AGENT,

38 aVE OE LA BOURSE. HAVRE.

Dennis Perkins & Co.,COTTON BROKERS,

117 Pearl »(reet. New York.Orders tor Spot Cotton and Kuturee promptly egu-

euted

Geo. Copeland & Co.,COTTO:!f BROKERS,

13G PKARI. SIREEX. NEW YORK.

B. F.BABCOCK&CaCOMMISSION MERCHANTS,

17 Water Street, LIVERPOOL,Receive consignments of Cotton and other Produce,

and execute orders at. the Exchantres In Ltverpoo;.Represented In Hew York at the uUice of

BABCOCK UnOTUKm * CO.,

50 Wau, Stekt.

Geo.H.McFadden & BroCOTTON F.4CrORS

AND COMMISSION MERCHANTS121 Clietitnat St., Phlladelpbla.

WALTER & KROHNCOTTON BROKERS,

S3 BEAVER STREET, NEW^ YORK.

Waldron & Tainter,GENERAL COTTON nERCHANTS,

»7 FEAKL (STREET, NEW YORK.''Fvtare " orders executea at N. F. Cotton Bxch^se

Parisot & Campbell,Cotton Factors,

VIOK.SBURG, MISS.Orders to Purchaee Cotton In oiir^market solicited

Kefer to Ueura WUOSWABD & gTlhuHiJCNew roik.'

Wm. Felix Alexander,COTTON BROKER,

AVGCSTA, GEOltOIA.Entire attention Elven to purchase of COTTOa

ORDER for SFINNEKS and KSrOBTKRSCOBKXSFONDXSOS SOLIOrTKD.

Jteferencea :—Natloaal Bank of AapiBta, Qeorrr.Henry Uenu * Co., Conuntsalon Merchants HewVerk : William B. Dana 4i Co., Proprleiors Cohiisboiai, axD FmaHOLai, Chsosioia and otii«r /lewYoiK Houses.

John F. Wheless & Co.,COTTON

UOBIIHIISION HIBRCHaNTS,SASHVILLE, TBNNESSKB.

Special attention given to Spinners' orders. Corre-ipondence sjxiciteaBarsacaoaa.—Third and Fourth IiaKonu swus

and Proprietors of Tua CBSonoui.

TUl THE CHRONICLE.

Cotton.

Woodward & Stillman,POST BUILDING,

Car, Kxchanse Place, Hanover& Beaver Sts.

[REAR or Custom House],

NEW TOKK.

«ENERALCOMMISSIONMERCHANTS

J.OANS OTABE ON ACCEPTABLESECURITY.

Uberal advances made on Conslunments.

BpecUl attention paid to the execution of orders

for the purchase er sale of contracts for future

aellrery of cotton. .

W.& WATTS. DATID HASWELL. CHA8. W. WATTf

.

THOMAS J. SLAUGHTER, Special.

Watts, Haswell & Co.,

S6 STONE STREET, NEW VORK,

COTTON FACTORS

AND COMIWISSION MERCHANTS,Watt*, Haswell & Co. will make advances on Col-

too and other Produce conslftned to them, or toW

.

C. Watts & Co. Special attention given to the eie-

eation of orders for the purchase or sale of Cottoi:

in UTerpool for future delivery, etc.

W. C. WATTS tfc CO.,

16 BROWN'S BUILDING, LIVERPOOL.

Geo. Brennecke & Co.,COTTON BROKERS,

Ho. 110 Pearl Street, New ITork.

FtrrUBl CONTKACTS A SPECIALTT.

HCICBT H. WASZ. Glluat Bchbosdeb

Ware & Schroeder,

COTTON COMMISSION MERCHANTS,

111 Pearl Street, New York.

Special attention paid to the execution of ordere

for the purchase or sate of contracts for future de-

llTeiT of cotton. Liberal advances made on coc-

Hnnments.

James F.Wenman& Co.,COTTON BROKKK&.

Ho* 146 Pearl Street, near YTall, N« \EsUbllahed (in Tontine Building) 1840.

liKBKAK, AZBAHAM & CO^£>ew OrleanB, La.

LZBjfAN. Dttkb a Co.Uontsomery, Ala.

LEHMAN BRO'S,

Cotton FactorsAND

COniKISSION nERCHAXTS,40 EXCHANGE PLACE.

New York.Orders executed at the otton Exchcsges InKew

Torkaod Liverpool aad advaaces made on Cottonmad other produce conslrned to as, or to our corre-

spoBdenIs In Liverpool, Messrs. B. Newgass ft Co.»5eM*»..r.. L. RownhHm * Ron*.

H. W. &J.

H. Farley,COTTON FACTORS,

COMMISSION MERCHANTS,Ajrs

riNANCIAL AGENTSisa Pearl Street,

r. O Box 3,909. New York.Advanes made on Consifroments.Special personal attention to the purchase and

aala •• i O.NTBACTS FOR FUTURE bEUVBRY "py CONTRACT.

WlLMOHB. H. W.HAKXMAMK. CI.XVINSFISCBIB

Mohr, Hanemann& Co.,

COTTON BROKERS,

ISS PEARI. STREET,NKW YORK.

attention Riren to the ezecntkn of OB.DBB9 FOR FUTURK CONTBACT8.

Cotton.

INMAN,SWANN&CoCOTTON

COMMISSION MERCHANTS,Cotton Exchange Building:,

101 Pearl Street, Ne-w York.

LOANS MADE ON

SOUTHERN SECURITIES.

Robert Tannahill& Co.,

Cotton Commission Merchants,

Cotton Exchange Butldlng, NEW YORK.

Special attention Riven to the purchase and sale ofFuture Contracts.

HYMAN8 & DANOY,Norfolk, Va.

Dancy, Hyman & Co.,COTTON COJIMISSION MERCHANTS,

97 Pearl St., New York.

Special attention given to the purchase and saleof contracts for future delivery.

Bennet & Foulke,COniHISSION MERCHANTS,

131 PEARL STREET,NKW YORK.

Special attention given to the execution of ordersfor the purchase or sale of Contracts for Futuredelivery.

HiRAU Fool. Bartlbit 8. Johnston.

Pool & Johnston,COTTON COMMIS^ON MERCHANTS,

63 STONB STKBET, NKW YORK.Consignments solicited Orders executed atCot-

ton Exchanges in N. Y.. New Orleans and Liverpool

Fielding, Gwynn & Co.

COTTON FACTORSAND

COMMISSION MERCHANTS16 d: 18 Exchange Place,

POBT BUILDDfO. NKW YORK

Henry Hentz & Co.,OBNKRAL

coninissioN itierchants,8 Sontb TTiUiam St., New York.

Advances made on Consignments to

neaars. JAMES FINLAY 4c CO.,taVKRPOOL, LONDON AND GLABQOW.

Also execute orders for Merchandise throughMeeera. FINLAY, IdUIR & CO.,

CALCUTTA AND BOMBAY.CONTRACTS FOR FUTURK DBLIVKRY COT.

TON bought and sold on commission in New Yorkand Liverpool: also at New Orleans through Messrs.Samuel H. Buck & Co.

H. Tileston & Co.,COTTON, STOCKS, RONDS, &c.

28 WILLIAM 8TREKT, NEW YORK.Ordftm in " Futures" executed at N.Y.Cotton f;»cv

Hughes, Carter & Co.,COTTON BUTERS.

MOBIL.E, ALA. MERIDIAN. MTKP.

THE BRO^VN

Cotton Gin Company,NEIY LONDON, CONN.,

MANCFACTURERS OF THI CELEBRATKD

Brown Cotton Gins, Gin Feeders andCondensers.

COTTON GINS FOE EXPORT.

IBeptember 34, 1881J

misecllaneous.

AMERICANBank Note Company,

14a BROADWAY, NEW YORK.BtrSINESS FOCrNDKD 1793.

Incorporated undtr Laws of State of New Tori, 1858.Keohganized 1879.

e.vghavers and printers ofBONDS, POSTAGE AND REVENUB STAMPS,LEOAL TENDER & NATIONAL BANK NOTESof the VNIIED STATES and for many ForeUmQovemmenti.

ENGRAVING AND PRINTINGOF BANK NOTES, STATE AND RAILROADBONDS, SHARE CERTIFICATES, BILLS OPEXCHANGE, DRAFTS, CHECKS, STAMPS, Sec.

IN THE FINEST AND MOST ARTISTIC STTLSFROM STEEL PLATES,

With special safeguards to prevent Countfrfcitingor Alttrations. Special papers manufactured excln-eively for use of the Company.

Safety Tints. Safety Papers.

Work Executed In Fireprool Buildings.

RAILWAY PRIMING A SPECIALTTRailway Ticliets of Improred Styles,

With or mthout Colors, and TUliets of all KindiTRUSTEES:

A. Q. Ooolall, President, Jos. W. Drexel,James Macdonough, Vice-Prest., A. V. Stout,A. D. Shepard, Vice-President, T. H. Porter,Wm. Main SmiJlie, Vice-Prest., Chris. Meyer,J. T. Robertson. Vice-President, O. H. Danfortb,G. H. Stayner, Treasurer, P. C. Lounsbury.

Theo. H. Freeland, Secretary.

MTNAInsurance Company

OF HARTFORD.Assets January 1, 1881 $7,424,073 72Liabllltiee for unpaid losses

and re-insurance fund 1,694,801 80Capital 3.000,000 00

NET SUEPLtrS $3,729,371 93

Ko. 2 Cortlandt St., New York.JAS. A. ALKXANBER, Agemt.

North British

& Mercantile Ins. Co.OF

LONDON AND EDINBURGB.United States Board of Managemeatf

NEW YORK :

SOLON HTJMPHRETS, Cli'r'n,(B. D.Morgan « CoDAVID DOWS, Esq. (David Dows & CoOE. P. FABBRI, Eeo. (Drexel, Morgan *Co.)Hon. 8. B. CHITTENDEN.EZRA WHITE, Esq.J.J. ASTOtt.Eeq.

CUA8. E. WHITE, SAM. P. BLAGDEN,MANAGERS,

Olltce 54 William St., New York.

LyOininerctal

Union Ins. LyO.(OF LONDON),

ALFRED PELL,Resident Manager,

3Y & 89 Wall Streef

Whiting Paper Co.,HOLVOKE, MASS.

Banker** Ledger and Record Payers,nfachlne Hand-Made Papers.Aiitlqno Parchment Papers.Plated Papers.Bond Papers.

AGENTSjaiubs d. WHiraoHK & co.,

49 BEEEUAN STREET, NKW TOBK.