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ittatuM untnttttb AND HUNT’S MERCHANTS’ $ REPRESENTING THE MAGAZINE, %twhsjjfapt*, INDUSTRIAL AND COMMERCIAL INTERESTS OP THE UNITED STATES. {Entered, according to act of Congress, In the year 1882, by Wm. B. Dana & Co., in the office of the librarian of Congress, Washington. VOL. 34 NO. 877. SATURDAY, APRIL 15, 1882. CONTE N T 8 investors who, by of the present and prospective calls for 6s, have been or expect to be THE CHRONICLE. 417 A New Feature in Life Insur¬ The Financial Situation obliged to surrender their present holdings. The banks ance 422 The Burlington <fc Quincy’s of issue are to a considerable extent replacing their called New.Acquisitions. 419 Railroad Earnings for March, and from Jan. 1 to March 31 423 Retirement of Prince Gortsehbonds with extended 5s and with the 4 per cents as security akoff 420 .Monetary and Commercial •The Chronicle ami tlie Cottuii English News 425 for circulation; savings institutions give these and the 4£ 421 Commercial and Miscellaneous Speculation... News 427 per cents the preference; and those who are investing THE BANKERS’ GAZETTE. .Money Market. Foreign Ex Quotations of Stocks and Bonds 430 trust funds select the 4s, even though at current figures New York Local Securities.... 431 change, 11.8. Securities, State Bonds and and Railroad Railroad Earnings and Bank they yield a comparatively low rate of interest. Some Stocks 428 Returns 432 banks are retiring their circulation rather than pay the iRauge in Prices at the N. Y. Investments, and State, City Stock Exchange and Corporation Finances... 433 429 THE COMMERCIAL TIMES. high premium for the 4 per cent bonds, but many others Commercial Epitome 430 I Breadstufts 441 are continuing their issues, and one prominent firm of Cotton 430 | Dry Goods 442 bankers who are authority on matters relating to Govern* ment bonds, show by a recent circular that there is a Chronicle. profit in a bank retaining its circulation secured by 4 per The Commercial and Financial Chronicle is issued emery Satur¬ cents even as high as 130. day morning, with the latest news up to midnight of Friday. It is expected that calls for the extended 6s will I Entered at the Post Olliee, New York, N. Y., as second-class mail matter.J oxhaust the amount now outstanding—$109,901,000, of TERMS OF SUBSCRIPTION-PAYABLE IN ADVANCE: which $30,000,000 are already called—by the 1st of Sep* For One Year (including postage) $10 20. tember. Then the Secretary of the Treasury will com¬ For Six Mouths do 6 10. Annual subscription in London (including postage) £2 7b. mence. redeeming do Sixmos. do do 1 8s. the extended 5s, amounting to $401,Subscriptions will be continued until ordered stopped by a written At the rate of $15,000,000 per month, which is. order, or at the publication office. The Publishers cannot be responsible 503,900. for Remittances unless made by Drafts or Post-Office Money Orders. a low estimate—if the revenue is not cut down by a A neat tile cover is furnished at 50 cents; postage on the same is 18 •cents. . revision of the Volumes bound for subscribers at $1 00. The office of the Liverpool Office. Chronicle in Liverpool is at No. 5 Brown’s Build¬ ings, where subscriptions and advertisements will be taken at the regular rates, and single copies of the paper supplied at Is. each. william B. DANA. #OHN a. FLOYD. WILLIAM B. DANA & 00., Publishers, \ j 79 & 81 William Street, NEW YORK. Post Office Box 958. THE FINANCIAL SITUATION. There is very little change to note in the situation this week. The stock market continues depressed. General trade is not quite so buoyant as it has been, but seems to improving, railroad earnings are comparing very favor¬ ably with those of a year ago, money is easy not only at home but abroad, and there is really little that is dis¬ couraging in the outlook. The great central and con¬ trolling fact is that the leaders’ “ pegs ” have been pulled be out and their utin boxes” put away. Perhaps the moral might be drawn that when operators in stocks learn to have a judgment of their own and not follow like a shadow the uncertain and often deceptive movements of leaders, the stock market will right itself, the wheat and the chaff will be estimated at their true value, will no longer he thoroughly it now is, so like defeated and discouraged. as reason the extended an and the Street army of men to be revenue surrendered laws—the whole of these will have by the end of 1884, and then there will nothing available for the banks, savings institutions except the 4 and 4| per cents, which, by that time, will probably be almost wholly withdrawn from the market. The holdings of United States bonds by the banks, as security for circulation, are shown in the fol¬ lowing table comparing the amount so held February 5, 1881, before the bank panic of last year, with April 30, 30, 1881, when the extended 6s first appeared as security for notes, and with January 1st and April 1st, 1882. be and trust funds 1882. 1831. Bonds. February 5. U. S. 6s April 30. $ $ 50,176,850 38,358,950 162,734,850 168,335,700 6,652,900 January 1. April 1. $ Currency 6s 194,000 174,000 51,482,000 41,272,000 192,318,850 199,188,900 36,367,550 34,806,550 32,280,650 32,303,850 106,109,300 102,701,900 91,924,600 93,315,950 3,846,000 3,646,060 3,846,000 3,916,000 Total 359,301,550 154,702,000 372,052,100 369,900,700 U. S. 5s Extended 6s Extended 5s U. 8. 4^s U. 8. 4s This shows that the extended 5s have heretofore replaced the called extended 6s to a large extent. But The most note by and favorable feature of the market there is now a disposition to substitute the 4s for the has been the conuiiueu advance in the 4 and per cent called bonds, and purchases of even the 4^s for this pur United States bonds, which are now selling at the highest pose are comparatively light. The stock market has during the week shown the figures ever recorded. This is due to an urgent demand from banks, but mainly from savings^ institutions and absence of leadership, as noted above. While prominent THE 418 CHRONICLE. being supported, as they were, for the three weeks ended April 1, there was very little difficulty in determining the probable course of the market. The with¬ drawal of that support has shown its demoralizing effect this week more even than it did last week, since specu¬ stocks [Vox,. XXXIV. Into Banks. were lators for a rise felt for some Interior movement many were confident would not desert them in their extremity. But, that he ■Net Gain. $7,639^998 $ 3,329,000 1,098,000 $10,968,998 $1,098,000 223,000 exported this week Total Foreign exchange time almost certain of the leadership of Mr. Gould, and $7,639,998 Sub-Treasury operations, net... Gold Out of Banks Then the market reduced were half was quiet but weakened and a cent. firm until on $0,870,998 Wednesday. Thursday the The decline rates due to the sad to relate, the evidence was not wanting on Monday that Mr. pressure of bills drawn against stocks bought in Gould had abandoned to their fate the speculative craft. this market for London account.' For some time, as will Reports, seemingly on good authority, were to the effect have been seen by our table, the prices of securities have that he had been a free seller of stocks during the three' been relatively higher in London than here, thus affording weeks’ rise, that he had taken advantage of a short a good margin of profit for cable transactions. Stocks interest in some of his specialties to unload more stocks have been sold in London and covered here and the last week, and that he wae now content to see the market bankers have drawn demand bills for the proceeds. decline, being unwilling longer to aid either in sustaining These operations have now become so large in the aggre¬ it or forcing it upwaed. gate that the impression above noted has been made upon Speculators for a decline have therefore been more bold the exchange market. As long as London continues to in their operations this week. Previously they feared a rule higher than New York we may look for a supply of trap. Now they see that there need be no apprehensions bills from this source in sufficient volume to keep sterling of interference on the part of Mr. Vanderbilt or his just below the gold-shipping point. The following will show relative prices in London and New York at the following, and they are almost ready to claim Mr. Gould as a companion. The raids have been vigorous without opening each day this week. being too demoralizing in their effects, and the attacks April 10. April 11. April 12. April 13. April 14. have generally teen successful. Aided by the news of the London N.Y. Lond'n N.Y. Lond'n N.Y. Lond'n N.Y. cold winds and snow storm which swept over the Western d prices* prices. prices.* prices. prices* prices. prices* prices. 'c and a portion of the Southern States, they attacked first U.S.4s,c. 11955 n m 11906 110% 119-5") 12036 129-17 103-35 102}^ 10311 102% 10335 102>4 10314 102 U.S.3%s one and then another of the Western stocks and finally 36 05 Erie 35-84 35*34 35% 85% 3515 35% 34* •2 94-51 94-51 assailed Louisville & Nashville. 93 9329 9310 9334 92% m Reports that the Illinois 2d con. >> Ill. Cent. 13612 13434 13625 134% 136-00 13534 13524 133* railroads were likely to suffer from the exactions of the new N. V. C.. 13109 12962 12834 128-38 137« 312934 130-35 129 30 93+ 30 56+ 60 Reading 30-13+ 59% 60% 30*441 60 regulations imposed by the State Commissioners helped to w depress the stocks of roads having charters granted by Exch’ge, cables. : 4-91 4-91 4-91 4-90 was o a c .3 r-H O -■ that State. The absence of the least semblance of a * “peg” left the Vanderbilt properties open to assault, and the opportunity was not neglected. On Wednesday the report that one of the directors of the Central of New Jersey had been a free seller of that stock, revived the story that there was a large floating debt, and accordingly the prop¬ erty fell off sharply, but partially recovered on Thursday on the announcement that an application would be made to the Chancellor for permission to close the books for the election. A report on Thursday that the Colorado freight pool had broken up also started a decline in the Wabashes and other Southwesterns, and the market was kept unsettled nearly all day. But yesterday the Street realized that the Colorado pool had nothing to do with ths Southwestern Association, so there was a recovering in those stocks and in the general market also. Money has been in ample supply during the week, and it promises to be abundant, for the tendency is very strongly toward this centre from the interior, as the April settlements are now over, and the funds which were sent away for those purposes are coming back. The Treasury operations for the week, excluding the receipt of $2,000,000 gold from Philadelphia, have resulted in a loss, which is a gain to the banks, of $7,639,997 71. The following Currency Gold Total Note.—The New York equivalent is based upon the highest rate for cable transfers, which ordinarily covers nearly all charges, such a8 interest, insurance aud commissions. The Bank of England return for the week shows a gain £103,000, and an increase of 5 11-16 in the proportion of of reserve Received. Shipped. $3,306,000 23,000 $882,000 216,000 $3,329,000 $1,098,000 America received last flected the actual condition of the no means re¬ banks, for the known receipts were much larger than appeared in the- returns Making allowance for this fact, the following will give an indication of this weeks’ statement, . of France in each of the principal European banks this week, and at the corresponding date in 1881. April 15, 1881. April 14, 1882. Bank of England Bank of France Bank of Germany Total this week Total previous week Gold. Silver. Gold. Silver. £ £ £ £ 26,226,075 34.808,428 45,731,628 23,555,134 48,704,665 7,176,250 21,528,750 7,038,000 21,264,000 23,419,964 65,404,642 67,260,378 56,869,229 69,968,665 64,955,165 66,276,386 57,975,459 70,126,685 The above gold and silver division of the stock of coin of the Bank Germany is merely popular estimate, as the Bank icself gives no information on that point. of payments by the Assay office through Jthe SubTreasury for the week amounted to $66,856. The receipts by the Assistant Treasurer from the Custom House have been as follows. Consisting of— Duties. Gold. April Saturday by The Bank exhibits the amount of bullion $5.000,000gold during the week for the associated banks. The bank statement of liabilities. reports a decrease of 475,000 francs gold and of 2,775,000 francs silver, for the week; and the Bank of Germany sinbe last report shows a gain of 6,660,000 marks. - The following Date. The Bank of to The shows the interior movement for the week. Receipts at and Shipments from N. Y. Expressed in their New York equivalent. Reading on basis of ?50, par value. + '• 7 8 ... ... “ 10.... “ 11.... « “ $451,790 605,251 549,809 804,425 478,100 63 92 67 27 71 13.... 662,987 65 Total... $3,352,365 8* u. s. Silver Silver Notes. Dollars. Certificates. $312,000 $29,000 460,000 423,000 605,000 324,000 490,000 14,000 16,000 43,000 $110,000 $ ...... 1,000 1,000 131.000 110,000 157,000 28,000 1,000 132,000 143,000 $2,614,000 $152,000 $3,000 $783,000 22.000 ...... Apkil THE CHRONICLE. 15, 1882. | - the QUINCY'S NEW ACQUISITIONS. THE BURLINGTON & Chicago Burlington & Quincy report for the year 1881, in pamphlet form, has reached us this week. The report of course contains much useful matter, and is an interesting record of work accomplished ; but it cannot be said that there is in it anything new or striking—any¬ The thing for which we were not well prepared by current news from time to time. The Boston people at the head enterprise have won for themselves an enviable reputation in the management of the property. A con¬ servative, yet aggressive, course has been pursued, and of this has proven very 419 successful. Burlington & Quincy upon it ? All business bound to Chicago from Kansas City, which the road secured, it would have had to give to the Burlington k Quincy at Viele, its northern terminus, in order to get the haul the length of its road. It is not likely that it would tender the business to the Hannibal & St. Joseph at La Clede, because in that case its own line would get only the haul over the extension from Kansas City to that point—in other words, the extension proposed, instead of becoming a feeder to itself, would have become a feeder to the Hannibal k St. Joseph. And as for the business bound to Kansas City, there was no reason why the Burlington k Quincy should not carry it over its own line, as now ; there was nothing to force it to transfer it to the Burlington k entire consolidations, combinations and extensions Southwestern at Viele. The St. Louis Keokuk k North¬ which have been effected during the last three years western is an acquisition of a similar kind. It can only be by other systems tributary to Chicago, St. Louis, meant to guard against possible competition. It gives a etc., it became necessary for the Chicago Burling¬ line to St. Louis on the west side of the Mississippi, but ton k Quincy in like manner to protect and strengthen the Burlington k Quincy has already one line east of the With the its position. Kansas With these objects' in City St. Joseph k Council Bluffs view was the acquired, river in the Rockford Rock Island k St. Louis, and it has pressing use for another. We do not assert that these ventures are likely to against the active competition of Mr. Gould; in further¬ ance of the same ends the St. Joseph k Des Moines was prove unprofitable. That depends upon the charge they added, which, now that the Mount Ayr branch has been will entail. Probably they were acquired upon completed to Albany, Mo., needs only a change of gauge advantageous terms, and will prove very useful as branches to give the Burlington another outlet to St.-Joseph; the to the main system and pay the interest on their cost. management have also made permanent the bond with We refer to the matter simply because it would seem to the Burlington k Missouri River in Nebraska by amal¬ indicate a departure from that conservative policy for which the gamation, besides building new branch roads and extend¬ Burlington k Quinr.y management is so justly ing old ones, so as effectively to drain the country noted, and also Decause it has a certain pertinency now, adjacent to its system. All these additions seem to have when reports are in circulation that the Burlington k been needed for the preservation of the company’s Quincy is negotiating for the possession of the Hannibal interests. k St. Joseph, another parallel line. But with the two But while saying this, it is undeniable that the pur¬ exceptions named there is as yet no evidence that this chase of the Burlington k Southwestern and the lease and Boston company intends to adopt a policy which has purchase of the St. Louis Keokuk & Northwestern appear proven so disastrous in the case of other systems. The to belong in a different category. The acquisition of the combination* and consolidation mania is a dangerous Kansas City St. Joseph k Council Bluffs, was clearly a malady when it once takes firm hold of a corporation. It necessity. The Burlington k Quincy could not afford to begins with the absorption of competing lines, but soon allow this road, Upon which it was dependent for assumes larger dimensions; and the “ system ” is only con¬ an outlet to Kansas City, Council Bluffs and other sidered completed when every connecting and intersecting Missouri River points, to occupy a position where line, bankrupt or solvent, has been taken in, regardless of it might at any time fall into the hands of the obligations incurred or assumed. If carried to its parties inimical to its interests. For the same reason logical conclusion there can of course be but one ending to the St. Joseph k Des Moines, offering the possibility of a such a course—insolvency and disintegration. It is not short, independent line to St. Joseph, would seem a wise necessary to give any illustrations. Possibly our readers investment. These were necessary as a protection against can recall one or two “ systems ” of this kind that appear being isolated from connecting roads and reduced to local to be now in the throes of dissolution because of this No reasonable objections can be raised disorder. Of course, nothing of the kind can be said importance. against them. But, as seems to us, the buying of the with regard to the Burlington & Quincy. The cases cited Burlington & Southwestern can only be given a qualified are only slight exceptions to a traditional policy which approval at best. The Burlington k Quincy had no need has otherwise been so conservative while at the same for that road—that is, the road was not required to secure time progressive. the With regard to the branches, which constitute such a Burlington k Quincy in its possession of business legitimately seeking a market over its lines. It had in large proportion of the company’s mileage and form such the Kansas City & Council Bluffs acquired excellent outlets a strong feature in its condition, all seem to have been and there was no longer any danger that it would be cut carefully looked after during the year and added to where ofi from any points now reached by it. To be sure, the necessary. In Missouri 17£ miles of new branch roads Burlington k Southwestern threatened to become, as the were built, in Iowa 16 miles, and in Illinois 24 miles. report says, a rival line in a certain sense, having pro¬ The road has already so thoroughly gridironed the terri* jected an extension of 100 miles to Kansas City ; but is it tory contiguous to its lines in these States that little the business of a railroad, or does it pay in the long run further construction is called for from year to year. It is for it to buy up every competing or rival line, in operation in Nebraska that there is most room for new mileage. or projected ? And here the company is carrying out the policy pursued Suppose the extension to Kansas City had been built— with so much energy and profit in the older States what of it ? Was not the Burlington k Quincy in posi¬ through which its lines pass, namely that of building new tion to meet any competition likely to arise ? As a matter feeders and branches as fast as the business of any section of fact, would not the Burlington k Southwestern have seems to warrant it, thus forestalling the action of rival been more dependent upon the Burlington k Quincy than lines. In this way 1334 miles were added during 1881, no IHE CHRONICLE. 4:0 ^.nd other work of our ' ' ' are similar character is in progress. aware, extension of the As the company has also under way for on $315,800, and 1 per cent for an annual the bonds would call for $78,950 more, sinking fund making toge. Burlington & Missouri River road to ther $394,750. The additional amount of stock would Denver, Colorado, and the report informs us that on swell the dividend account (assuming that the same rate December 31 the extension was completed to a point 77 will be maintained as in 1881) in the sum of $631,600. miles west of Culbertson, and that it was expected to have The scrip, however, was not entitled to dividends until the whole line (169 miles remained to be built) in opera¬ April 1, so that the 2 per cent for the March dividend tion by September 1 next. should be deducted, leaving $473,700 to this account, In the year’s record an event of some importance, as which, added to the $394,750 for interest and sinking fund on the bonds, gives $868,450 altogether. This amount indicating the conservative spirit which usually animates the management, and to which event we made allusion at will be diminished some if the bonds do not bear interest the time of its occurrence, was the agreement come to from the first of January but from some later date. If with the W abash with reference to the extension of the therefore, the road would do as well as in the previous Missouri Iowa & Nebraska, controlled by the Wabash, year, it will have to earn net in 1882 about $800,000 more westward through Southern Iowa on toward Omaha. The than in 1881. We have been favored with a statement of Burlington & Quincy had planned a line of its own from the company’s earnings for January and February, and a point on its Chariton branch to the Missouri River, give it elsewhere. It shows that in these two months the through almost the same counties. This promised to give company has increased its net earnings .no less than two lines in a section of country which for some time to $462,530 over the corresponding period of 1881. As to oome will be able to support but one. the traffic statistics for The Burlington & 1881, there is nothing to be said, for ■Quincy wisely evinced a disposition to make some conces¬ virtually there are none given. The number of tons of sions, rather than invite such an evil ; and being met in freight carried increased from 6,639,186 in 1880 to 6,710,the same spirit by the Wabash managers, little difficulty 750 in 1881, and the number of passengers from 2,800,151 was encountered in reaching a satisfactory solution. It to 3,202,817, but that is absolutely all the information was agreed that only one line should be built—that to be which the report contains, so no further remarks are under the joint control of the two parties interested. needed. The gross earnings of the company during 1881 were larger than ever before, being $832,104 above those of RETIREMENT OF PRINCE GORISCHAKOFF. 1880, but owing to the heavier expenses incurred, net are Among the many indications that the Russian Govern¬ $429,917 smaller than in that year. Of the $1,262,021 ment is about to make a change of policy, is the retirement increase in expenses $400,000 is ascribed to a natural aug¬ from the management of the Foreign Office of the venerable mentation on account of the larger business done, and the Prince Gortschakoff. Since 1856 he has held almost remainder to the snow and ice of last winter, the floods of undisputed power over the foreign affairs of the Russian the spring, and to an enhanced cost of labor and materials. Empire, and been virtual head of the State. For a much Out of the net earnings of $10,257,636, there was paid longer period he has been a prominent public official, and $310,667 for rent of tracks and depots, $3,430,454 for has figured largely in the international politics of Europe. interest on bonds, and $687,246 for sinking funds, leav¬ Born in 1798, he was, while quite a young man, connected ing a balance of $5,829,269, equivalent to more than 10 with the diplomatic service. As attachI to Count Nesselrode per cent on the amount of the capital stock outstanding at he was present at the Congresses of Laybach and Yerona. the close of the year.'" Only 8 per cent was paid, calling He was secretary to the Russian Embassy in London in for $4,349,287, so that there then remained a surplus of 1824, and after holding positions successively in Florence $1,479,982. From this the customary one million was and in Vienna he was sent to Stutgard, where he transferred to renewal fund, showing an actual surplus to negotiated the marriage of the Grand Duchess Olga with the credit of income account of $479,981, besides which the Prince Royal of Wurtemberg. When the difficulties the Builington & Missouri road in Nebraska contributed which, ultimately led to the Crimean war arose, Gorts¬ $1,170,437 as the net receipts of its land department. chakoff was the powerful and popular Minister, of Russia The following table shows some of the results of opera¬ at Vienna, and took an active part in the abortive Con¬ tions for a number of years past. In explanation of the gress of 1854. At the Paris Conference of 1856 he rep¬ figures for 1880 and 1S81 it should be said that the opera- resented Russia ; and with patriotic zeal and discretion he tions of the Burlington & Missouri in Nebraska were not watched over the interests of his country. He had been included in the accounts of the Burlington & Quincy prior Nesselrode’s pupil from. the first, and now that a change to 1880. was deemed necessary he was summoned from his post at Vienna to St. Petersburg to replace that great statesman Paid from net earnings. Mileage in the ministry of foreign affairs. Gross Net Tears. at end of Interest. Dividends. year. earnings. earnings. Gortschakoff’s later career forms part of the public 1873.. 1,268 $11,405,226 $4,970,458 $1,966,300 $2,576,770 By his management of the affairs of 1874.. 11,645,318 1,268. 5,131,805 1,958,892 2,661,089 history of Europe. 1875.. 1,301 11,791,361 5,361,238 2,014,709 2,685,536 the Foreign Office, and by his conduct as Imperial Chan¬ 1876.. 12.057,795 1,343 1,991,957 5,189,249 2,749,066 1877.. 1,0_0 12,551.455 5,373,140 2,108,468 2,479,714 cellor, rather than by his earlier successes as a diplomat, 1,709 1878.. 14,119,665 6,247,750 2,155,972 2,212,827 1871).. 14.^17,106 1.857 7,200,038 2,110,937 3,081,985 will he be judged by posterity. His name will be linked 1880.. 2,772 20,492,040 10,687,553 *4,366,064 3,282,718 1881.. 2,924 21,324,150 10,257,636 3,430,454" 4,349,287 with that of Emperor Alexander II.; and in^the glories Also $0,217,240 in stock. and misfortunes of that reign his memory will participate. It will be observed that during 1881 the amount paid It will be remembered that it was during the life of Alex¬ for interest increased $148,000. In the present year it ander, and while Prince Gortschakoff was his chief would seem the increase will be much larger. Under the adviser, that twenty-three millions ef human beings were circular of September 15, providing for the Denver exten¬ emancipated from serfdom, and that in 1861 the Russian sion, $7^895,000 four per cent bonds were to be issued peasant for the first time in history became a free man. with which to prosecute that work, and an equal amount It will be remembered that, a few years later, in 1864, a of scrip exchangeable for Burlington & Quincy stock similar boon was conferred upon the Poles. How far thrown in as a bonus. Four per cent interest would call these liberal measures have proved unmixed blessings we an , readers a [Vol. XXXIV. * AriuL 15, 1S&2.J THE CHRONICLE. 121 inquire. It is undeniable that they were THE CHRONICLE AND THE COTTON SPECU¬ LATION. It will be remembered also that, during The Louisville Courier-Journal asserts that we have done this same period, laudable and not unsuccessful efforts the Southern cotton interest great harm, all through the were made to place the State colleges on a level with the present season, by magnifying the probable cotton supply, best educational institutions in Europe, and that a notable and that it is our duty now to acknowledge it and right the and praiseworthy step in the direction of reform was matter as far as we can. We know nothing that gives us taken by the establishment of elective-representative more pleasure than ^acknowledge* an error, unless it be assemblies in the different provinces of the empire. need not now well intended. not to make one; and we have therefore looked over the very carefully since we received the CourierJournal's suggestion, so as to be in a position to recant in¬ telligently if we are to recant at all. Following then the same course of thought our investi¬ gation took, we find that the season opened on a rampant speculation in cotton, based upon the assumption that the world’s supply would not be nearly sufficient to meet the world’s consumption. Various estimates of our own crop were put out to support this theory, all of them, however, crystallizing in October and November in and about three statements which an eminent cotton and banking house in the latter month as follows, and which— epitomized quished. It is certainly not to be doubted that the same if we are not mistaken—the Courier-Journal quoted with expenditure of money and energy, not to speak of the lives of men, might have been infinitely more fruitful decided approval. Estimate No. 1— of good if directed to purposes more immediately affect¬ From 334 counties (Agricultural Bureau), October 15 4,634,725 Estimate No. 2— From 900 replies, October 24 ing the heart of the empire. 4,516,378 No. 3— It was Gortschakoff who, when France was humbled in Estimate From 1,910 replies, November 1 4,709,287 1870. issued his famous circular upsetting the treaty of Average of above three estimates, bales 4,620,130 185G—a stroke of policy which brought about the London On the strength of these figures the South began to buy Conference of 1871, and which humbled both France and future contracts by the thousand. They could not get too England—England particularly—in the eyes of the world. many. Only a little more than million bales of It was a daring effort ; and it might even then have American cotton grown this year! Why of course involved Europe in war. The war of 1877, if not Gort- prices would advance ; 20 cents was none too high. This schakoff’s by inception, was his by encouragment and was the common talk on the street, and Southern people, support; and if it largely failed of one of its principal who are always ready to believe that the crop is a very objects, perhaps its main object—the establishment of short one, swallowed the bait and took the contracts with¬ Russian supremacy over the en:ire region of the Balkans— out limit, except such as their bank accounts interposed it was because England had not forgotten the impudent in the matter of margins. and even insolent act of 1870. The treaty of Berlin was All this we saw going on in a wild kind of way, and a counter-blow for the London arrangement of 1871. It knowing that the whole speculation was baseless and dan¬ was Gortschakoff’s first serious diplomatic defeat. Russia gerous, for nothing but loss could come out of it, we took was unquestionably the victor in the strife; but through the occasion to say, on the 29th of October (page 456) shortly influence of England she was denied the spoils. Gortschakoff after the Agricultural Bureau figures were issued, that there had at last found more than a match in Beaconsfield. was going to be no dearth of cotton this year, and that it The treaty of Berlin marks a new phase in the career of would be wise to let Europe have all it wanted at the then Gortschakoff, as it marks a new departure in the history current prices. April contracts were at that time selling of Europe. Latterly the path of the old man—he is now higher than they are selling to-day. Now whose advice in his eighty-fourth year—has been a pathway of thorns. was best, those who put out and quoted the above esti¬ Clouds and darkness have been gathering about him. mates approvingly, and who told the South to buy all the The late war proved in every way unsatisfactory. It contracts it could get, or ours who told them to keep out brought no substantial benefits, hardly even glory, and it of the speculation ? entailed vast burdens upon the nation. But in January, seeing that the catastrophe was drawing Some ninety millions of people boiling over with discontent, nihilist near, we wrote the article the Courier-Journal particularly conspiracies and nihilist assassinations, the assassination complains of.. If our readers will turn to their file and of the Emperor and the threatened assassination of his carefully go over that article (Jan. 14, pages 66 and 67), we son, the brutal persecution of the Jews—such a persecu¬ think they will agree with us that, taken as a whole, we tion as has not been witnessed in four centuries—and their never published anything the teaching of which was more wholesome than that, or which if followed by the South almost wholesale from the departure country,—such is the state of things amidst which the aged Chancellor would have saved them more money. What we said finds himself on restoring to his master his official there was, in substance, that prices were not high, but that trust. We do not wonder that his health is shattered, and stocks were so large and burdensome that the question of that rest comes as relief. The end closes in upon him in price was “ reduced to a question of endurance between gloom and sorrow. “New York and Liverpool, with the hot end of the poker It is safe to say that his in our hands.” It is scarcely necessary for us to recall policy has in many essential particulars proved a failure. A new departure has become here the disastrous break in prices which occurred just as necessary if Russia is to maintain her existence. What is we intimated it would, and within one month from the day wanted now is not extension of empire, but domestic our article was written. Is there anything here to recant? reforms; not war, but peace. His retirement seems to We should say that those who led the South into risking imply that such is the conviction of the Czar and of those their money had better rise and explain, not we who who are most warned them in time to save it. worthy of his confidence. lines of Imperial conduct the influence of Gortschakoff was less beneficent. He has always been a Russian of the Russians. Faithful to the ambitions of the nobility, and to the traditions of the House of Romanoff, he has been too anxious to extend the limits of the empire, and to have his country figure as the first of military powers. Conquest has followed conquest in Asia, until on the north the empire extends to the waters of the Pacific, and in the central regions south as far almost as the very confines of British India. It has yet to be proved that this extension of empire has been in any sense a blessing, either to the victors or to the van¬ In other matter “ THE 422 But stated we Well, now but our Louisville the crop friend tells us that CHRONICLE. in that article lower than before that date. to be over 5£ million bales. was time; and it looks figure—not much, little; perhaps the shortage will be a hundred or two hundred thousand bales. Still all that is not of the least is of Whether this change is~a We have always question. permanent, and still believe so. But in favor of the opposite view we have the fact that there has not as yet been any very marked recovery in general rates, while Government bonds yield a less return now than ever before. It is also argued, with considerable plausi¬ bility, that there has been such a transformation in the wealth-producing conditions of the United States, as well as in our relations to the commerce and capital of the whole world, as to encourage the belief that our money market is hereafter to approximate closely to European rates. We are. not at present arguing this question, but only stating the well-known views of' many, to illustrate the judiciousness of the action of this Hartford Life Company. The management have given the benefit of the doubt, on this interest question, to the policy-holder. That is to say, they have determined hereafter to act as if permanent one claimed that it we did; and we thought so at the as if it would come short of that a [Vol. XXXIV. was course a not importance in this discussion. The great fact, and the only fact we have attempted to enforce during the season, and attempted to enforce in the article in question, was, not that our crop would reach any certain figure, but simply that the total supply from all sources would, with the old stocks left over last October, provide for the consumption. This was the controlling circumstance in the situation then, and the whole burden of the last half of the article of the 14th of January. Furthermore, that con¬ clusion as to total supply was true when written, and it is now equally true whether our crop reaches millions or the lower figure, which seems at present more likely. Thus, the upshot of the whole matter appears to be that the interest rate had declined permanently, so as to make any one who has followed our conclusions this year has it positively sure that the holder of the policy will in any been right -as to the world's supply, and made money in event be protected. To understand the matter more fully we have cotton; and any one who has followed the Louisvilleonly to Courier-Journal has been wrong as to supply and lost remember that for a life contract to be at the same time money. Once more we would ask, Who should recant ? equable and safe, the company, in fixing the premium, We would not, however, intimate that there is to be no must know at what rate of interest they can invest the speculative movement this summer which will give a twist premiums as paid. It is not a question simply of to-day. to the market. Stocks are certain to be reduced much below It may be forty or more years before the contract of what they were during the same months of last year, when to-day is completed, and investments of premiums must the celebrated corner was engineered. therefore go on being made each Clearly, therefore, year; and if the rate of in the light of such an experience, it would not be wise interest assumed in establishing the premium is higher for any one to be short of cotton when money is so abun¬ than the rate earned at any period during the life of the dant and the speculative mania is so universal. The policy, of course the more business of that kind the com. chances are certainly in favor of a corner and higher prices. pany does the worse it is for it. These are facts suffi. And yet, did any of our readers ever know an event to cie'ntly familiar to the most of our readers, and we only recall them to illustrate this new happen that all the world expected ? departure in life insur¬ • A NEW FEATURE IN LIFE INSURANCE. popular notion prevails that life insurance contracts attended with pretty much the same risks that pertain to fire contracts. This is a disagreeable admission for are what is claimed Heretofore 4 to 44- per cent was the basis fixed upon by all the States that have legislated on the subject. The Connecticut Mutual, for the reasons we have given above, has now determined to change its premiums to a basis of 3 per cent, that being, according to the belief of President Greene, the highest rate upon which it is perfectly safe to reckon during all the time future contracts will run. It is an extremely interesting fact in this discussion ance. A science, and yet experience, particularly in this State during the last twenty years, goes far to encourage such an idea. For, taking the percentage of failures to the total number of companies that United States bonds and the securities of States— of each description existing during that period, it will that is to say, the investments which are most sought be found that the life business compares quite unfavorably after by Life Companies—arc being so very rapidly paid with the fire business. off. Since July 31, 1865, we have redeemed fully one These weaknesses, however, have not of course devel¬ thousand millions of our national obligations, and now the oped because of any defect in the principles which form reduction is going on at the rate of over 150 millions a the basis of life policies; for it is still as true as when the year. With regard to State bonds the same tendency first company w*as formed here, that with the average prevails. The debt of New York State, for example, mortality given, the average interest rate determined, and is now scarcely more than nominal, and will be the elass of investments fixed, there can be no uncertainty; speedily paid off altogether. Most of the other North¬ ern States are in a similar condition and they are conformity to those conditions ensures safety. But at the same time no business can run itself; honest, watchful and not likely again to be large borrowers. So, also, efficient management is always necessary, and nothing can our best city, county and township obligations are supply its place. The life insurance failures were in good rapidly disappearing. Even our own overburdened New part the product of the delusion that State supervision York will, with its sinking fund arrangements and without •could be made a substitute for official brains and conscience. recourse to taxation, pay off its present debt in twenty The truth is, State interference only handicaps the efficient years. As to real estate mortgages the old ones have been manager, while it proves a cover to the weaker brethren. mostly liquidated, and there are as yet so few new Give us a web-matured insurance law, and after that the ones being made to take their places, that they are quickly less the State has to do with the business the better it absorbed. We are, however, inclined to the opinion that as an exact will be for all interests. This much at least New York species of debt in the experience has established. early future, but that is a matter wholly of opinion, with A good illustration of efficient individual management, not many facts to give color to it at present. Thus all the in no way dictated by State authority, is seen in the late favorite forms of investment so long used by Life Com raction of the Connecticut Mutual of Hartford. Since the panies seem, for the moment at least, to have passed, or panic of 1873 rates of interest have evidently ruled much to be rapidly passing, out of existence. State we shall see an increase in this THE CHRONICLE. IS, U82.1 April 423 ^These facts bring out in clear light a further reason differ much from February in the leading features that which may be urged for adopting the plan the Connecticut have distinguished this from last year—the only differ¬ Mutual now proposes to pursue. Every one knew that ence being that the distinction between the two years is in this old conservative company was safe in some particulars more marked. The mild, open win¬ before. But policy-holders will be glad to see that the ter this year, as we have repeatedly said, stands out in tendency of the officers in charge is in the direction of sharp contrast to the severe, rigorous winter of 1881. extreme caution and conservatism, and not towards lax Taking each month as a whole, probably February, 1881, management; the latter being a habit which is not unfre- was worse than any other month of that year. But ob¬ quently developed out of such prosperity as this company struction and loss did not by any means cease with that has hitherto enjoyed. Thus we find that faithful officers month. On the contrary, parts of March were much the worst of the whole period and in some instances the diffi¬ do not need State supervision, and the past has provei culties extended all through that month, and into April. that unfaithful ones are not benefited by it. insurance Western and Northwestern roads of RAILROAD EARNINGS IN MARCH\ AND I ROM and course suffered most, ice being especially troublesome in those dis¬ prevailing last year, and no Railroad earnings in March, though unfavorable in the impediments whatever to railroad transportation in those JANUARY 1 case of a snow TO MARCH 31. tricts. With such conditions districts this year, we are able to understand how it is that the Chicago Milwaukee & St. Paul was able to number of roads and less favorable in the aggre¬ gate than in the previous month, are yet very satisfactory, bearing in mind the conditions which have prevailed.. The increase averages 22 per cent, made with 15 per cent additional mileage. The increase in March iast year was small, less than 9 per cent, on mileage more than 15 per cent greater, so the increase this year is less significant than it otherwise would be; still, the 9 per cent increase last year was made on earnings of 1880, 28 per cent above those of 1879, which is a fact not to be lost sight of in increase its receipts $644,011, from $916,989 to $1,561,000; the Northwest $517,771, from $1,178,795 to $1,696,566; and the St. Paul & Omaha $154,130, from $251,649 to $405,779. While, however, the railroads’in this section of the country had the weather in their favor, they had against them the shortage of the crops. Remembering how ex¬ ceptional the weather was last year, and how seriously it the consideration. The gain of 22 per cent in March interfered with the movement of all kinds of freight, one would compares with a gain of 31 per cent in February and 25 suppose that the grain movement thi3 year would show a much larger total than in the corresponding period per cent in January; but the smaller percentage in March is in very great part to be ascribed to the more pro¬ of 1881. Such is not the case. Notwithstanding every nounced character of the adverse forces at work in the influence this year was of a favorable character, and there South and Southwest. The following is our usual table, was an additional stimulus to the free marketing of showing the earnings and mileage of each road. produce in the high prices ruling, the shipments are GROSS I >RNINGS AND MILEAGE IN MARCH. decidedly below those of last year, which can only be accounted for by a shortage of extraordinary dimensions, Gross Earnings. Mileage. Name of road. such as all reports agree we have sustained. To bring out Increase or 1882. 1882. 1581. 1881. Decrease. the fact of a smaller movement this year,’we have pre¬ $ $ $ pared the following table, showing the receipts of flour Alabama Gt. South. <>>*,885 295 62,499 + 6,386 295 224,107 620 564 148,551 +75,556 and grain at the eight Lake and River ports of the West 146 32,376 146 41,036 -8,660 Central Branch.. 70,651 385 79,204 300 + 447 for the four weeks ended April 1, this and last year. Central Pacific 1,987,000 1,709,637 + 277,363 2,917 2,586 .. Chicago <fc Alton Chic. & Eastern Ill.... Chic. & Gr. Trunk!.. Chic. St. P.Minn. <feO. Gin. Ind. St. L. &Oh.. Cincinnati Southern.. Cleve. Ak. <& Col Denv. & Rio Grande.. Des Moines & Ft. U*. Evansv. <te T. Haute.. Flint & Pere Marq Gr. Trunk of Canadai Great West’n of Can.t. Gr. Bay Win. A St. P.. Hannibal & St. Jos... Houston E. & W. Tex. Illinois Central (Ill.).. Do (Iowa lines).. Ind. Bloom. & West... Intern’l &Gt. North.. Iowa Central ;... Kan.City Ft.S.<te Gulf. Lake Erie & Western. Lon£ Island Louisville & Nasliv... Milw. L. Sh. & West.. Minneap. & St. Louis* Mo. Kan. & Texas Missouri Pacific Mobile & Ohio N. Y. «fc New Eugl'nd. Northern Pacific Ohio Central Peo’ia Dec.&Evansv.. Rich. & Danv.*6 ®LL. A.&T.H. in.iine. Do do (branches). St.L.IronMt. & So... St. Louis & San Fran.. ot. Paul Minn. «fe Scioto Valley... Man. Texas & Pacific. ....' Tol. Delphos & Burl.. Union Pacific Wab. St. Louis & Pac Wisconsin Central.... * t y Total Three 581.483 138,286 529,915 184,933 1.561,000 1,696,566 405,779 115,691 916,989 1,178,795 251,649 208.066 191,005 199,567 44,140 187,402 535,055 23,386 64,828 195,888 833.724 373,044 35,566 168.798 18,215 537,338 158,033 206,235 240,459 89,697 146,000 92,589 146,364 1,073,745 75,268 85,808 472,048 556,120 152,651 256,673 381,000 63,557 04.301 189,399 105,124 73,621 585.008 + 51,568 + 16,G49 + 69,242 + 644,011 + 517,771 121,637 4-154,130 107,826 192,085 224,069 51,268 123,000 94,926 129.990 947,959 33,996 43,210 433,343 513,982 230,916 212,018 162,984 49,647 39,614 171,845 132,572 68,565 704,002 262.050 1,456 1,406 -73,016 807 219 292 107 919 402 544 774 241 321 385 328 807 + 8,976 * 12,180 449,963 318 —36,240 + 136,562 + 7,836 ~ —7,558 + 6,035 +87,375 + 50,207 + 14,150 + 16,390 +38.429 + 23,000 2,337 + 16.374 + 125,786 +41,272 +42,598 + 38,7Oo - + 42,138 -73,265 + 44,655 + 221,016 + 13,910 + 24,720 + 17,554 -27,448 + 5,056 300 335 144 1,062 87 120 250 1,197 880 700 506 316 722 231 190 121 -723 661 912 127 320,962 332,911 319,928 71,736 2,220,832 48.586 + 23,150 395 1,674,860 1,315,775 1,121,592 +551,972 + 194,183 169,755 3,720 3,350 104,371 + 05,384 534 28.816 385 328 275 360 531,004 39,869 274,959 919 402 544 590 190 305 1,230 225 Wheat, bbls. bush. Com, Oats, Earley, bush. bush. bush. Eye, bush. ■ Chicago— 1882 1881 143,906 225,660 310,072 249,965 26,340 573,490 2,085,066 997,593 77,516 20,408 1882 198,147 1881 240,936 St. Louis— 1882 117,837 1881 153,398 Toledo — 1882 1,966 1881 2,635 .... 444,945 209,201 465,843 287,250 52,750 164,465 .... 95,925 130,720 26,462 34,040 391,384 866,257 801,741 1,980,930 465,776 384,013 33,100 215,668 3 1,805 18,283 144,693 604,560 281.342 12,368 4,500 102 1,659,252 71,381 101,258 103,996 43,155 41,687 15,712 2,917 500,124 48,550 52,500 63,000 102,550 27,425 1,300 210,500 97,900 10,000 1,000 4,760 25,875 1,061,250 56,875 1,128,600 443,275 284,400 50,100 16,397 69,300 56,655 .... .... Milw'kee— .... .... .... 292 88 1,840 -118,994 + 1^.909 + 210,042 + 11,053 + 12.983 Flour, 219 2,025 878 528 394 972 231 248 757 195 RECEIPTS OF FLOUR AND GRAIN FOR FOUR WEEKS ENDED APRIL 1. 3,803 2,800 + 6,901 + 36,300 +8,722 446,060 26,590 1 6,3ob 335 4,223 3,221 1,013 840 220 335 946 300 335 144 551 87 115 316 + 17,061 + 12,165 35,418 398,493 15,550 57,927 159,588 869,964 847 230 .... Detroit— 1882 1881 Clevel’d— 1882 1881 Peoria— 1582 1881 Duluth— 1882 1881 .... .... 24,288 41,158 .... 10,210 .... 10,046 .... .... 97,178 995,643 1,124,803 55,424 59,600 445 40,000 .... .... r\Total of all 1882.... 501,114 1881 690,230 .... 1,502,897 3,119,649 - 3,591,484 2,368,661 7,221,094 1,974,367 615,978 138,026 509,216 130,831 It will be observed that the decrease this year 757 is very 195 121 686 597 718 100 800 285 3,446 2,479 534 20,377,285 16,731,111 +3,646,174 43,232 37,738 ( argest in the of oats, which, according to the Agri¬ 1 cultural Bureau, is the only one of our cereals that has sustained no loss. The receipts of wheat are only k case , c i ( w eeks omy c For the four weeks nt Freight earnings. In a general way, it may be said that March did not bushels, against 7,221,094 bushels in 1881. Going back 1880, we find receipts of over 11A million bushels, so to THE 424 CHRONICLE. that this year’s total of corn is less than one-third of that Chicago, St. Louis and Toledo all show very much smaller figures, the latter two especially. In the South and Southwest the conditions, as in the previous month, were just the reverse of those prevailing in' the West and Northwest; that is, they were very un¬ favorable this year and very favorable last year. Last year the weather in the South was fine, and the movement of the crop free and large. This year the weather was wretched and the movement of the crop restricted and small. The rains and floods continued through the early weeks of March, and in some cases the interruption was much greater in this period than in February. The * St. Louis of the repeated reports that the Grand Trunk was earn¬ ing off the largest share of the east-bound traffic from Chicago, this decrease of $73,000 on its business other than passengers appears significant. If with an increasing proportion of the Chicago traffic the Grand Trunk shows a decrease in its earnings, what sort of of 1830! Iron Mountain & Southern fV0L. XXXIV. exhibit, it is asked, will the roads with a decreasing ' proportion of this traffic be able to make ? It is not easy to answer such a question, and it will not be correctly answered until the actual figures are presented. That the dimensions of the grain and provisions traffic are very an ! small is evident. sible for that. The drouth of last summer But all Western roads show is respon¬ a largely cut off from Cairo for augmented volume of general and miscellaneous freight, so about three weeks of March, which in part explains its it is only proper to infer that the trunk lines, too, are heavy decrease of $118,994. The Cairo & St. Louis also swelling their receipts in this way, and it may be that the had to abandon the running of trains to Cairo for a time, gain here will be sufficient to offset the loss elsewhere. and the traffic of the Mobile & Ohio suffered a diminution On the Pennsylvania, certainly, as is evidenced by the from the same cause. The traffic of other Southern roads January and February returns, it was sufficient, though it was interfered with in similar ways by overflows and rains. should be said that the increase in earnings was met by a But the smaller cotton movement was an equally much greater increase in expenses (the reasons for which serious matter to the Southern roads. The South has no we explained two weeks ago), leaving net actually smaller such diversity of traffic to offer its roads as other sections than last year. Our table contains a few roads like the Cin¬ of the country, and consequently a falling off in the cinnati Indianapolis St. Louis & Chicago, Indiana Bloom¬ movement of this staple, constituting as it does a leading ington & Western, Lake Erie & Western, and St. Louis item with many roads, quickly changes the current of Alton & Terre Haute, which to a certain extent are their receipts. The influence of bad weather, floods, and affected by the course of trunk-line traffic, and of diminished cotton shipments, combined, is strikingly these the two former show an increase and the two latter apparent in what are called the Gould Southwestern roads. a decrease—the decrease being small on the Lake Erie & Thus the Texas & Pacific has earnings only $12,983 above Western, but heavier on the Alton & Terre Haute those of March, 13S1, although it has added over 400 because of the interruptions caused by the floods, which miles to its total of road in operation ; the Missouri Kan¬ interfered with the road’s traffic operations at St. Louis. sas & Texas increased its For the first quarter of the year we have the returns of receipts only $38,705, though mileage increased over 300 miles; the Iron Mountain fifty-two roads, as follows. GROSS EARNINGS FROM JANUARY 1 TO MARCH 31. shows the large decrease of $118,994 (already alluded to and partly explained above) on a slightly increased mileage; Kaine of Road. 1882. 1881. Increase. Decrease. and the International & Great Northern increased only $ $ $ $ Gt. South’n 184,554 196,192 11,638 $16,390 on a mileage augmented 184 miles. On the other Alabama Burl. Cedar Rap. & No... 261,750 702,560 440,810 Cairo Ac St. Txniis 17.300 88,524 106,324 hand, the Louisville & Nashville, which covers a wider Cent. Branch Union Pac. 209,158 192,793 16,365 Central Paeitic 5,528,469 761,707 4,766,762 area, has a more varied traffic, and was less affected than Chicago At, Alton 1,697,793 1,503,353 194,440 the Gould roads by the floods, makes a very good exhibit, Chic. Ac Eastern Illinois. 48,286 412,498 364,212j 4,373,000 2,590,553 1,782.447 Chicago Milw. Ac St. Paul Chicago Ac Northwest.... 3,788,847 2,382,667* 1,406,180 recording an increase of $125,786, with mileage only 185 Chic.St.P.Minn.AcOmalia. 398,669 1,066,697 668,028 miles larger. 68.570 613,544 544,971 The Richmond & Danville, which is Cin. Ind. 8t. L. & Chic... Cincinnati Southern 125,755 579,288 453,533 altogether removed from the flooded sections, also shows a Cleve. Ak. & Col 11,673 109,161 97,488 Denver Sj. Rio Oran do, 1,439,956 416,307 1,023,641 fair percentage of gain. That our readers may see how Des Moines Ac Ft. Dodge* 31,293 88,282 56,981 Flint At Pere Marquette.. 525,146 414,85C 110,296 the cotton movement in the two years compares, we have Grand Trunk of Canada. 64,478 2,536,684 2,601,16i Great West’u of Canada 90,393 1,275,78c 1,185.385 had prepared the subjoined statement of the 69.8841 receipts at Green Bay Win. Ac St. P.. 87,649 17,765 Hannibal Ac St. Joseph... 4,515 449,116 453,631 the leading Southern ports in March, 1882 and 1881. Houst. E.Ac W. Texas 51,791 24,005 27,786, was . RECEIPTS or COTTON AT SOUTHERN PORTS IN MARCH, , 5 Calveston Tndimmin Arc New Orleans bales. Mobile ... Florida Savannah Brunswick, Ace Charleston Port Koval, Ace 1882. 1881. 21,986 62,570 409 770 Moreiieml City, Ace Norfolk 52,255 169,513 14,992 28,318 473 471 33,121 49,920 25,629 1,293 6,197 35,596 2,487 4,923 785 1,149 45,309 47,740 7,356 City Point, Arc Total 212,236 AND 1881. Difference. 82 Wikningtoii 1882 9,353 410,461 Dec.. .. 40,584 qfti Dec.. ..117,258 Dec.. 13,326 o Inc.. Dec.. 16 799 Dec.. 82 Dec.. 9,967 Dec.. 1,194 Inc.. 1 274 Dec.. 364 Inc 2,431 Dec.. 1,997 .. .. .. .. Dec.. ..198,225 traffic, in the absence of definite reports leading roads our readers can draw their own inferences from the lines and course of business on the Canadian minor lines indirectly affected by this class of business. The Chicago & Grand Trunk, which is the Chicago extension of the Grand Trunk, has an on some increase of $69,242, the greater part of which was made on passenger business ; the Grand Trunk itself lias a decrease of $36,240, which would be doubled in amount except for a gain of over $37,000 on passengers. In view 1,405,095 248,118 151,244 406,093 320,056 377,833 308,474 543,061 616,0361 150,285 322,229 288,590 334,509 2,998.322 2,570,043 83,865 31,466 43,324 428,279 206,514 314,429 1,266,885 1,577,838 103,404 103.110 131,910 .1,101,417 1,298,076 182,519 165,468 Mobile. Ac. Ohio 472.238 672,029 New York Ac N. England. Northern Pacitic 686,088 892,800 575,382 358,295 206 018 131 573 608.308 f^nnp- Island Louisville Ac Nashville... Milw. L. Shore Ac West’ll. Minneapolis Ac St. Louis*. Mo. Kansas Ac Texas Missouri Pacific .. As to trunk-line from the Oe.Tit.ral (Tib line.) Do (la. leased lines). Indiana Bloom. Ac West.. Int. Ac Gt. North ln\VHf Central Kansas City Ft. S.Ac Gulf Lake Erie Ac Western HI 1,653,213 459,718 577,814 639.789 257,763 . Oregon Railway Ac Nav.. 1,084,100 Peoria Dee.A: Evansville. Richmond Ac Danville*... St.L.A.AcT. H. main line. Do do (branches).. St. L. Iron Mt. Ac South’n. St. Louis Ac S. Francisco St. Paul Minn. Ac Man Scioto Valley Texas Ac Pacitic Toledo Delplios Ac Burl... Union Pacitic. Wabash St. L. Ac Pac Wisconsin Central 188,938 . Total Net increase * Three weeks « 765,048 303,870 193,481 1,602,505 118,785 689,809 338,975 203.899 1,835,748 776.397 652,719 1,344,823 731,631 72,493 861,885 108,069 899,310 215,852 5,947,783 3,680,508 459,115 56,612,980 134,164 4,453,460 2,752,131 278,259 34,753 23,753 107,478 279,762 199,791 110,706 534,505 - 74.445 475,792 70,153 75,239 35,105 10,418 233,243 123,678 610.192 35,576 37,455 81,688 1,494,323 928,377 180,856 44,865,45* 12,403,270 65 5,748 11,747,522 only of March in each year. The earnings of these roads show an improvement last year of pretty nearly 12 million dollars, or more than on 26 April 15, THE CHRONICLE. 1882.] 425 percent. The increase is largest on Western roads. North¬ net, but in February last year $12,000 was charged to west and St Paul have more than three millions increase expenses on account of steel rails, making the actual between them; St. Paul & Omaha has an increase of increase in net $13,140, which is a large amount for a pretty nearly $400,§00 and the Minneapolis & Manitoba an increase of over $600,000; Burlington Cedar Rapids & Northern has a gain of $261,000, and the Illinois Central, with its leased lines, a gain of almost $4§0,4)00. Next after the Western roads come the Pacific roads. small road. West and net earnings of all companies that will monthly statements for publication. Pacific has swelled its receipts GROSS AND NET EARNINGS TO LATEST DATES. Gross (hie rating Net Earnings Expenses. Earnings Buffalo Pitts. & West ..1882 Do do 1681 Chic. Burl. & Do Quincy. .1882 do 1881 European & No. Amer.1882 Do do 1881 .« in expenses, as one reason for the heavier expenses. Burlington Cedar Rapids & Northern, one of the West¬ ern roads which suffered very heavily last year from the severe weather, naturally shows a decided improvement this year. But the improvement is not confined to the comparison with last year; there is a handsome increase, even if we compare with 1880, when for the two months the company had net earnings of $140,776, swelled this year to $190,000. Southern roads, as a rule, do well. The Louisville & Nashville has net earnings for January and February of $714,372 in 1882, against $451,962 in -the corresponding period of 18S1, and $578,250 in 1880. Norfolk & Western reports net earnings for the two months of $120,075, against $104,572 in 1881, $178,196 in 1880, and $79,896 in 1879. Nashville Chattanooga & St. Louis shows loss of $7,138, or a total net for the two months of $124,630, against $131,768 in 1881, which is a very good showing considering that the loss in gross is ever $.52,000. a The Northern Central, a Pennsylvania road whose busi¬ ness is influenced by trunk-line traffic and rates, like the Pennsylvania itself exhibits a gain in gross and a falling off in net. New York Pennsylvania & Ohio, also affected by trunk-line business, lately issued i statement for January, showing net of $368 for 1S82 after deducting all charges, rents, etc., against $38,135 in 1881. 'The Grand Trunk of Canada for January and February records a decrease of £6,651 gross and £19,795 net. The Great Western of Canada suffered loss of £2,835 gross and £8,568 net in February. Philadelphia & Reading exhibits a loss in net in February Company, a both the Railroad and the Coal & Iron said to be due to the voluntary restriction of coal production during the month. In January there was a small increase. Oregon Railway & Navigation Com¬ pany, which is prompt in making its returns and has Gr. Trunk of Canada. gross for the two months, makes an increase of $25,140 in £ 64,295 67,130 58,952 Louisville & Nashv... .1882 Do do 1881 Do do 1881 Northern Central .1882 1881 Do do 805,124 155,961 603,558 .1882 1881 382,057 291,741 247,831 3.300,75:) 2,227,129 3,095,014 1.937.510 Do do 1881 803,020 West Jersey Do do ..1982 1881 52,915 40,545 33,502 27,182 do 246,240 225,501 1,290,421 1,330,427 878,584 Philadelp’a & Readlnz.1882 Do do 1881 Phila.& Read. C.& Iron.1882 Name. , 36.549 62,826 11,400 * 371,126 201,508 $ 1,924,577 1,079,021 1,158,104, 0.080,071 0,28-4,829 9,153,887 2,304,905 149,919 125,074 1,000,095 1,030,90 L 1,622,084 316,955 369,009 134,820 03,077; 05.005 49S.973 449,804 410.092' 531,321, 2,793,490 2,655.559 22,564 1,820,975 85,475 100,081, 1,037,872 19.353 19,303 100,302 95,094 155,210 39,453 Gross Net [ Operating Earnings; Expenses. Earnings Earnings Eamvngs 1410,000 $231,000 313,350) 177.354 $210,455 102,540 32,625 24,968 Chesapeake & Ohio... .1882 Do 1881 do .1882 3881 Marq. Hougton & On. .1862 Do 19,626 13,875 25,420 23,094 Net Gross $ 179,000, *1,084,100 135.990'j 008.308 *467,6(10 154,475 Jan. 1 to Jan. 31. $161,101 147,043 25,442 14,986 1881 do 39,404 Jan. 1 to Mch. 31. *49,354 14,897 13,199 11,093. Net Gross „ Des Moines & Ft. D.. * 318,231 318,550 820,919 768,813 Gross Net Operating Earnings Expenses. Earnings. do 54,930 74,725 70,030 91,554 52.033 44,261 121,810 January. Do £ 315.903 Jlarch. Oreeon R’y & Nav. Co. .1882 Do do 1881 Name. £ 714,372 451,902 124,030 131,768 120,075 104,573 214,419 275,012 109,352 182,569 159,896 874,329 805,106 856,020 703,545 • 71.073 510 5,343 13,911 89,925 99,312 97,628 413,551 Penn, (all lines east of Pitts. & Erie) .1882 Do do 1881 Phila. & Erie Do 588,874 190,860 149,059 153,033 18,051 37,329 $ 060.036 17,620 190,420 292.259 £ 27.427 53 219 $ 51,821 54,182 1,381,413 918,883 17,500 Gt. West, of Canada.. ..1882 Do do 1881 $ 40,255 101,589 79,855 478.453 3,110,131 2,342,709 30,411 126,551 120,966 * 43.3F5 91,:«)5 19,254 011,998 322,824 153,976 156,295 do Net Earmn g» 8.94)$ 845,302 711,997 .18S2 1881 Do Earnings Earnings *210,455 102,540 32,825 24,968 *49,354 14,897 13,199 11,093 25.442 14.985 def.8,109 16. def.8.109l 10 plirasfcmjl ©oraumxlal gtigltslx lletus BATES OF EXCHANGE AT LONDON AND ON LONDON AT LATEST DATES. EXCHANGE AT LONDON-Apr. Time. On- EXCHANGE ON LONDON. 1. Latest Date. Rate. Time. Rate. Short. 12-10 1 Amsterdam Amsterdam . . 3 11203. Short. “ Antwerp Frankfort... Berlin it Copenhagen St. Peters b’g. 44 Paris Paris Vienna Af pd rid < 312-5 2)12-3 it ii ... mos. 4 4 25*50 12-15 4671,4 cijtdi7 44 4r»L> *7,4 Bilbao Genoa if 46^ @-1614 r.ialmn 44 44 26-10 Calcutta .... CO OI4 6% Short % 25*25^ 25-28 V 12 05 1 3 mos. 1 Short. !"• @26-15 Hong Kong.. .... ... .... 1 Mar. 28' 3 4 4 mos. Is. Is. 3s. 5s. ft . 07 *8 mos. li Short. 1 1 1 1 . 25-80 Short. April April April April *pril April Is. 8d. Is. 8d. tl’ys .... 1 I 51% @51 ^8 4* Shanghai.... j April 1 20-47 20-47 20-47 .... . .... 44 il I 'April Alexandria New York... Bombay '■"►4 4 44 m 25-30L* 1 Short. 1 1 A @25*55 ; April @12*17 %» April it ...... .... 20-60 @20-60 20-66 @2069 18 52 @18*56 23% 2)‘J358 25-25 @2535 “ 3 12-4% 12-2ifl 25*5712@25-(>214 April 20-CG 2 20-C9 April »*, Hamburg... 4 44 86% S%d. 8^d. O %d. 2%d. - [From our own correspondent, j on already furnished the March figures, reports an increase of $175,792 in gross for the three months and $313,125 in Bet. European & North American, on $9,347 increase in 22,431 31,077 134,325 105,255 £ Norfolk & Western... ..1882 a 9,135 48.50.7 Gross Earnings * 11,207 4,413 20,074 $ 15,404 40,023 225,030 124,509 1,457,300 1,034,821 35,551 30,927 Burl. Cedar Rap. & No..1882 Do do 1881 would expect, recollecting the extraor¬ dinary charges incurred last year in the removal of snow and ice, but from an increase in gross earnings. Thus the expenses for the two months of this year are $311,000 above those of last year, but gross earnings are more than $773,000 greater than last year, leaving a gain in net of $462,530. In the heavier business, no doubt, we have a not from * 20,342 10,817 Bost. & N. V. Air-Line.. 1882 Do do 1881 Nash. Chat. & St. Louis 1882 Do do 1881 comes Jan. 1 to Feb. 28. February. Name. decrease latter is that the increase in net same as tains the gross Union furnish millions, Central Pacific three-quarters of a million, Northern Pacific half a million. The Oregon Navigation Company gains $475,000, and the Wabash $928,000. There are only eight roads having smaller receipts than in the three months of last year, and the decrease aggregates only $655,748 in all. In every case is the loss due either to the conditions affecting Southern roads or the conditions affecting the trunk lines. Net earnings, which are to hand for two months of the year, show varying results. Pennsylvania is con¬ spicuous for a large decrease, which we discussed at length when the figures were first made public. Chicago Burlington & Quincy is equally conspicuous for a large' increase. What is particularly noteworthy about the ’Jersey has net earnings the last year, expenses and net earnings having increased in about the same amounts. The following statement con¬ London, Saturday, April 1, 1882. Owing to the close of the quarter and of the financial year money has been in fair demand during the past week, but there has been no material change in the quotations. The rate for short loans is regarded as firm at 2% to 3 per cent, while the rate of discount for three months’ bank bills is 2/2 per cent. In fact, and there seems toimmediate change. The Bank return be influenced be expected to by the quarterly payments. bills of all dates be no may are taken at that quotation indication of any Vmf 1 11 aoo cmoil nr\-nnaYn QTirl PYPrMQP Tin llPmUHlfillt Business is undoubtedly results. CHRONICLE, THE 426 being conducted with much caution, but it is still understood that the general position is Sound. Commercially a fair amount of legitimate business is in progress, but on the Stock Exchange the amount is small. New companies and new loans of various kinds continue to be introduced to public notice somewhat freely, but they are not, as a rule, rapidly subscribed. Any loan of acknowledged sound¬ ness is rapidly taken up, and it is expected that the value of [VOL. XXXIV. policy they have pursued throughout the season. The probabilities at present are that in this country, as well as on the. Continent, there will be an early harvest, and as long as the trade adheres to that belief, it is not likely to purchase in excess of actual requirements. More especially as there are ample supplies of produce afloat to this country. While stocks have somewhat increased since the commencement of the year farmers’ deliveries are moderate, considering the steadily improve. Consols have advanced period of the season, and the rather limited crop. been dealt in at 101/6, which is a high price considering that They are, in fact, maintained at a higher rate than had been only three months’ interest has accumulated since they were expected. The quality and condition of the home supplies last quoted ex-dividend. Preparations are now being made for have improved owing to the long period of dry weather which paying various dividends, and the tendency of the money we have enjoyed. market is for the moment towards firmness, but as soon as the During the week ended March 25 the sales of home-grown dividends have been distributed a return of considerable ease wheat in the 150 principal markets of England and wales amounted to 35,722 quarters, against 31,190 quarters last year is looked forward to. The rates of discount are, however, low and 27,197 quarters in 1880; while it is computed that they as under: were in the whole kingdom 143,000 quarters, against 124,760 Per cent. Open market rates— Per cent quarters and 108,800 quarters. Since harvest the sales in the Bank rate 3 4 mouths’bank bills 2% 150 principal markets have been 1,342,396 quarters, against 6 months’ bank bills 2% Open-market rates— 30 and 60 days’ bills 4 & 6 mouths’ trade bills. 3 S'4 2% 1,229,520 quarters and 933,956 quarters; the estimate for the 3 months’ bills 2% whole kingdom being 5,369,600 quarters, against 4,562,000 The following are the rates of interest allowed by the joint- quarters in the corresponding period of last season and 3,793,220 stock banks and discount houses for deposits: quarters in 1879-80. Without reckoning the supplies of produce k Per cent. furnished ex-granary at the commencement of the season, it Joint-stock banks 2 is estimated that the following quantities of wheat and flour Discount houses at call 2 have been placed on the British markets since harvest. The Do with notice 2% visible supply of wheat in the United States is also given : Annexed is a statement showing the present position of the 1881-2. 1880-1. 1879-80. 1873-9. Bank of England, the Bank rate of discount, the price of consols, Imports of wheat.cwt.36,001,833 33,834,169 35,977,413 23,083,547 5,099,163 7,806,137 6,388,147 4,850,266 the average quotation for English wheat, the price of middling Imports of Hour Sales of liome-grown produce 23,263,200 19,709,000, 10,437,230 28,789,700 upland cotton, and of No. 40 mule twist, fair 2d quality, and the Bankers’ Clearing House return, compared with the three pre¬ Total 64,369,246 61,409,306 53,802,840 61,723,513 old-established securities will Deduct exports wheat and flour vious years : 1882. 1881. 1S80. 1879 £ £ £ £ Circulation Public deposits 25,166,110 nniprripnniihi 0± mo QiA 25.S35.335 10,791,721 20,983.365 11,997,986 ^f>7 o\ 007 «7A 7.10 15,362,908 15,539,833 22,999,697 17,022,513 16,960,202 22,684,892 16,722,282 27,857,848 23,635,647 33,891.815 10,070,368 or- Qovernm’t securities. 13,396,649 Other securities 24,617,453 Res’ve of notes & coin 14,666,804 Coin and bullion in 22,092,485 both departments.. 24,032,964 Proportion of reserve ' 29,628,135 10,613.302 19,265,710 42-76 to liabilities Bank rate Consols 101 %d. Em?, wheat, av. price Mid. Upland cotton.. 44s. 5*1. 671Gd. 3 p. c. No. 40mule twist 10%d. Clearing-House ret’n. 103,067,000 There has been rather more 98% 97 % '47s. 3d. 6d. V%6d. 40s. 8d. 5%l- lOd. 93,178,000 3 p. 2% e. p. e. Is. 0%d. 9d. 66,665,000 103,659.000 demand for gold, but it has been mainly on Indian account and has by no means assumed impor¬ tant proportions. The Continental inquiry is very limited. On the whole, the silver market has been firm and the quotations have had an upward tendency. Iu the value of Mexican dollars no material change has taken place. India Council bills were disposed of on Wednesday at Is. 8d. the rupee. The following are the present quotations for bullion: GOLD. Bar gold, fine Bar gold, containing Spanish doubloons per oz. s. standard. d. 9 77 per per per per : 73 73 76 oz. oz. oz. oz 9%® 8%® 3%® ® d. The following are the current rates of discount at the principal foreign centres: Paris Berlin Frankfort.... Hamburg .... .... 3% 4 •••• .... •••• .... Amsterdam.. Brussels nysn market. Pr. ct. 2%®278 3 3% 3% 4% 4 „ Madrid Vienna 8t. Petersburg Genoa Geneva Calcutta Bank Open rate. Pr. ct. market. Pr. ct 5 3 6 4 .. ... .. . . 6 6 5 10 63,7li,961 60,551,071 57,892,359 60,525.951 42s. Cd. 4t3s. 9d. 41s. 0«1. 22,900,000 24,220,700 19,314,260 corresponding period in the three previous seasons: IMPORTS. IS 30-1. 1879-80. 1878-9. 33,834,1.69 35,977,413 28,033.547 8,478,143 8,060,684 5,331.234 1,393.418 1,3-4,949 1S,485,55S 7,806,137 10,030,657 8,164.644 1,323,632 1,624.595 7,039,973 2,198,435 1,016,000 1881-2. Wheat cwt.36,001,833 Barley Oats. Peas Beaus Indian Flour 1,013,573 ...12,582,736 5,099,163 corn 12,897,647 6,388,147 6,337,628 922,749 723,997 17,503,551 4,850,266 EXPORTS. Wheat cwt. 562,499 Oats Peas Beans.. Indian corn Flour 824,333 780,114 41,330‘ 50,430 Barley 21,002 82,913 450,256 59,567 23,374 131,012 81.780 73,091 52G,846 47,908 15,991 66,329 83,791 25,407 563,992 86,143 EnsllKh market Reports—Per Sat. London. Silver, per oz d. Consols for money Consols for account Fr’ch rentes (in Paris) fr. U. S. 5s ext’u’d into3%s U. 8. 4%s of 1891 U. S. 4s of 1907 Erie, common stock Illinois Central Pennsylvania Philadelphia & Reading. New York Central 84-20 10178 84-42 105% 117% 121% 37% 139 64% 32% 5 .... Flour (ex. State.. 100 lb. Wheat, No. 1, wh. “ Spring, No. 2... “ Winter, West., n “ >> & O w 134 Cal. white Com, mix., West. ■ Mon. • >> eg “ “ Pork, West. mess.. $ bbl. Bacon, long clear, new.. Beef, pr. mess, new,$tc. Lard, prime West. $ cwt. Cg !5 'o a Taes. 52% 101% 52% lOlllie lOHSje Sat. Liverpool. Mon. 6% The weather has been very bright and we have again had a remarkable week of warmth and sunshine. Some rain has fallen in places, but now that spring sowing has been com¬ pleted 1.199,918 1,110,834 8-,098 57,836 11,515 6,825 239,921 89,084 Cable. by cable as follows for the week ending April 14: Bar silver.fine per oz. standard, last price. 52%8® Bar silver,contain’g 5 grs.gold per oz. standard. 527x6 ® Cake silver per oz. 56% ® Mexican dollars per oz., last price. 507a ® Chilian dollars ® peroz Quicksilver, £o 17s. 6d. Discount, 3 per cent. Bank rate. Pr. ct. 910,481 The daily closing quotations for securities, &c„ at London and for breadstuffs and provisions at Liverpool, are reported d. silver. 853,235 The following return shows the extent of the imports and exports of cereal produce into and from the United Kingdom during the first thirty-one weeks of the season, compared with d. s. ® 20 dwts. silver, per oz. standard. 77 10 %® South American doubloons United States gold coin German gold coin. Result 647,285 Av’go price of English wheat for season (qr). 40s. 8d. Visible supply iu Unit’d States hush. 14,500,000 the 3 p. c. 100%d. 43s. Id. of r* i o M HH Thurs. 52% 52% 52% ion%* 101% ion%6 101% 101% 101% 84-27% 84-15 105% 105% 117 117% 121% 121% 36% 36% 138% 138% 62% 63% 31% 31% 133 132% Tucs. 8. d. 13 9 10 2 9 11 10 3 9 8 6 7% 76 0 48 0 75 0 55 9 64 0 Fri. Wed. Wed. 84-02% 84-00 105% 105% 118% 117% 122 36% 138% 63% 31 132 43 0 6 0 9 0 Thurs. 77 48 75 138 64 30% 131 8. d. 8. d. 13 9 13 9 10 2 10 2 9 11 9 11 10 3 10 3 9 9 9 8 6 7% 6 7% 77 122% 35 78 0 6 0 0 Fri. f. d. 13 9 3 10 10 10 9 6 4 9 7 77 0 49 75 55 64 0 0 0 genial fall of rain would be beneficial. The favor¬ 75 9 55 55 able weather and the prospect of a speedy re-opening of the 61 0 0_ 64 Cheese. Am. choice, new navigation of ice-bound ports have the effect of producing much quietness in the wheat trade, but as far as choice qualities ®0Mmedial mid WLiscell&moxisMzws* of produce are concerned, there has not been much, if any, variation in prices. Yesterday’s telegram from New York gives Imports and Exports for the Week.—The imports of last the visible supply of wheat in the United States as only week, compared with those of the preceding week, show a de¬ This is about 10,000,000 bushels less crease in dry goods and an increase in general merchandise. The 12,600,000 bushels. than at this period last year; but, although the statistical total imports were $11,551,470, against $10,958,429 the pre¬ position has become more favorable to holders, millers ceding week and $7,777,752 two weeks previous. The exportt show not the slightest disposition to depart from the cautious for the week ended April 11 amounted to $3,161,401, against a AmiL 15, THE CHK0JN1CLK 1882J 427 —Mesrrs. Fisk & Hatch, 5 Nassau Street, have issued a cir¬ f6,665,125 last week and $5,817,425 two weeks previous. The cular to national banks in reference to circulation, in which following are the imports at New York for the week ending they give interesting calculations showing what the banks can (for dry goods) April 6 and for the week ending (for general do. They say that national banks can secure their circulating merchandise) April 7; also totals since the beginning of first notes with fours up to 130, and still find that it will pay. Thus with fours at 120, a bank with a capital of $1,000,000 full amount of circulation out, secured by 4 percent ceives an income as follows: week in January: FOREIGN IMPORTS AT NEW YORK. 1879. For Week. $1,309,076 4.195,980 $2,571,316 6,366,733 $2,822,544 8.723,926 $5,505,036 $8,938,079 $5,919,287 $11,551,470 $28,499,750 $41,216,152 55,848,725 92,892,335 $36,008,726 78,830,983 43,350,739 93,867,117 Total Since Jan. 1. $81,348,475 $134,103,487 $114,929,709 $137,217,656 Total 14 weeks In our 1882. $1,905,907 4,013,330 Dry goods .. — Gen'l mer’dise.. Dry goods Gen’l mer’dise.. 1881? 1880. report of the dry goods trade will be found the imports of dry goods for one week later. The following is a statement of the exports (exclusive of specie) from the port of New York to foreign ports for the week ending April 11, and from January 1 to date : $890,000 at 4 per coat $800,000 circulation loaned having its bonds, re¬ $35,600 . at 5 percent... 40,000 Gross income. $75,600 Deduct 1 per eeut tax on circulation $8,000 Expenses of printing notes, express charges, &c 400 Yearly sink, fund to wipe out premium in 25 years, say 7,000— 15,400 Income with circulation $G0.200 If the bank sells its bonds and retires its circulation, its income will be as follows : Proceeds of $390,000 four per cent bonds at 120 O it of which the bank must deposit iu Washington to retire its notes $1,008,000 Leaving money to invest $268,000 invested at 5 per cent Deduct one-lialf of 1 per cent tax on capital not invested iu U. 8. bonds ! $268,000 $13,400 800,000 5,000 EXPORTS FROM NEW YORK FOR THE WEEK. 1879. 1880. For the week... Prev. reported. $6,167,126 80,378,101 Total 14 weeks $86,545,227 1831. $7,545,332 85,086,534 To which add income on 1382 lation $7,163,237 99,983.687 82,726,330 $92,631,866 $107,146,924 $38,838,231 $6,161,401 following table shows the exports and imports of specie the port of New York for the week ending April 8, and The at since Jan. 1, 1882 : IMPORTS OF SPECIE AT NEW YORK. Exports. Gold. Week. Imports. Since Jan. 1. France ll,50o 161.500 Germany 20,000 20,000 West Iudies Mexico South America All other countries 9,43*4 83,226 108.493 4.264 $14,077 4,553,971 $440,340 13,270,278 50,745 1,194,763 1,507.896 $140,000 $2,999,357 $11,493 4,000 310,300 3,000 8G9 Germany aoove 4,643 386 232 138.741 122.470 West Indies Mexico South America Ail other countries..... tne $101,998 $781,500 $10,671,498 4,800 Silver. Great Britain France Since Jan.1. $. 95,500 42,200 Total 1882 Total 1881 Total 1880 ui Week. $750,000 $10,352,298 Great Britain Total 1881 Total 1880 outstanding, at 5 2,013 5,670 3,023 54,505 320,946 227,705 47,265 100 5,376 $144,000 228,000 $3,312,757 $10,712 $667,859 3.271,962 72,254 1,623,911 44,479 159,445 979,732 1.658,596 imports tor tne weeK in $3,14U were American gold coin and $4,286 American silver coin. Of the exports for the same time $770,000 were American gold coin. in each case the premium providing for in 25 years. 7,775 3.650 sinking fund sufficient to retire Taylor & Co. in to-day’s Chronicle, relative to their Spencerian Writing Inks. These inks are recommended as highly indelible, ana for legal documents this qua’ity alone must ever be the most important; besides it has a beautiful color, and does not thicken when exposed to the air. The established reputation of this well-known firm ought to recom¬ mend at least a trill of their inks among our banks, bankers, businessmen and corporations generally. —The Homestake Mining Company has increased its dividend for March to 40c. per share, payable at Wells, Fargo & Co.’s on the 25th inst. Auction Transfers close Sale's.—The 40 5 40 33 150 10 17 48 50 20 18 10 Shares. National Park Bank 1591a Nassau National Bank ..101 Fourth National Bank...125 Bank of the Republic....lSS1^ Now York Gaslight Co...125 German Amor. Ins. Co...191 Phenix Insurance Co 148^2 Home Insurance Co 149 Hanover Fire Ins. Co 1-19*2 Second Ave. HR. Co 148L> Nassau Insurance Co 158 Sixth Avenue RU. Co 25 i ltonds. $18,000 Clev. Tol. RR. 1st sinking fund 7s. 188"> 103^2 24,500 Co. of N. Y. cons. 6s. reg.. due 1901 128Lj & tnt. Bonds. 19.509 City of N. Y. cons. 6s, reg., due 1991 128^2 & int. 4.509 City of N.Y. City Parks improvement 6s, reg., duo 130 & int. 1902 1,590 City of N. Y. 6s, Dock bonds, reg., due 1901 128^2 4,009 City of Br’klyn water loan 6s, cp., due ’99.1255q& int. 2,009 City of B’kl.yn sewer¬ age 7s, cp., duo ’83.103*4 & int. 30,000 Chic. & Southw. RR. 7s, coup., duo 1899, guar, by Chic. R.I. & Pac. 422*3 & iat. 2,000 Third Ave. RR. Co. 7s, 1133s & int. due 1890 policy of the Government in making successive calls of Redemption will render it necessary for many holders re-invest, during the coming year, money now lying in safes bonds for to and vaults in the form of old issues oT bonds, which have ceased, or will soon cease, to bear interest. Government Bonds can be obtained at our office in auyamoun' at market rates, with no charge for commissior west 7 miles. Wayne, 3’85 miles ; also west from Ham¬ mile; east from Vermillion, O., 3-38 miles; east from Erie, Pa., 9’02 miles, and east of Brocton, N. Y., 4*50 miles, making 21 25 miles in all. this week by The Georgia Pacific.—Extended from Chattahoochee Bridge, Ga,t 0*50 sold were : BONDS. 30 miles. New York Chicago cb St. Louis.—Track has been laid on the gap between the ends of track east from Hammond, Ind., and west from Fort the 20th. BANKING AND FINANCIAL. California Southern.—Completed to a point eighty-seven Diego Bay, Cal., an extension of 39^ miles. Chippewa Valley & Superior.—Track laid from Eau Claiie, Danville Mocksville cO Southwestern.—Track laid from Cas¬ cade Junction, Va., southward to Leaksville, N. C., 8 miles. Gauge, 3 feet. East Tennessee Virginia and Georgia.—This company’s Macon cb Brunswick line is extended from Holston, Ga., northwest 21 miles. Gauge, 5 feet. on following Messrs. Adrian H. Muller & Son miles from San mond, Ind.. a $48,400 —Attention is called to the card of Messrs. Ivison, Blake- Railroad Construction.—The Railroad Gazette contains information of the laying of track on new railroads as follows : Wis., southwest 40,000 per cent Income without circulation With fours at 125 the protit would be. With fours at 139 man, EXPORTS AND Total 1882 $3,400 $300,000 represented by the circu¬ BANKING. deposit accounts of parties in good standing ; satisfactory references required from those not already known. We receive Interest allowed at 3 per cent per annum on average monthly balances of $1,000 or over. No interest on accounts averaging less than $1,000. New York Lackawanna cb Western.—Extended from El¬ mira, N. Y westward 32 miles. Track also laid from Alden, , west by north to near Buffalo, 13 miles. Oregon Railway & Navigation Co.—The line from the Cas¬ cades to the Dalles is 4 miles longer than heretofore reported. Skmy Ci6ve cb Catskill Mountain.—Extended from Edge- wood, N. Y., to Hunter, 1 y2 miles. Wilmington & Weldon.—The Scotland Neck Branch is extended from Conoconara Swamp, N. C., southeast to Scotland Neck, 10 miles. STOCKS. We do miles in 1878 and 2J2 miles in 1877. a ue Beadwood-Terra Mining Compary Especial attention given to orders by Mail and Telegraph from Banks, Bonkers and other institu¬ tions and from investors out of the on announces a the 15th inst. city. Our Memoranda of Government Bonds for 1882, containing valuable information on many subjects, can be obtained by all desiring to make investments diviMarch, payable at Wells, Fargo & Co.’s on f $30,000 for —Otii inst. Transfers close general commission business dn Stocks and Bonds Exchange, and other sound securities. a 187% miles of new railroad, making 1,545 miles thus far this year, against 778 miles reported at the cor* responding time in 1881, 964 miles in 1880 326 miles in 1879, a dealt in at the New York Stock purpose. .. or to consult its pages for any FISK & „ HATCH, 5 Nassau Street, Now York. THE 428 CHRONICLE. always easy to learn whether the bills of this class are made against securities purchased in the open market on orders from abroad, or on the private negotiation of loans by not rg\xc JSauUers7 (Sa^elfe. DIVIDENDS: Per cent. Company. ftallroad*. Baltimore A Ohio Washington Branch. Oregon R’vray & Nav. (quar.) Do NEW 5 5 2 FRIDAY, YORK, When Books Closed. Payable. (Days inclusive.) May Apr. May APRIL 1 6 April 26 to May 15 17 1 April 21 to May 4 14, banking houses; though it is concluded they are mostly of the as no loans of importance have been advertised in London this year. To-day the actual rates at the close for bankers’ demand sterling were about 4 88 L2(<'4 HOhb and for prime bankers’ 00-day bills 4 86(k4 8Gl;(. Continental bills sold at the following rates: Francs, 5 18tg, and for short, 5 15; Marks, 95(a95ig and 9558(e95;{4, and Guilders, 40($4014! Quotations for foreign exchange are as. follows, the outside prices being the posted rates of leading bankers: first-named, The folio wliii; dividends liavo recently been announced: Name of [Vol. xxaav. 1 ===== — —- lSS‘i-5 P. ill. Sixty Days. April 14. Demand. and Financial Situation.—The Stock 4 89 il>4 87 04 90Prime bankers’ sterling bills on London. 4 86 Exchange continues to be the centre of interest in financial Prime commercial 4 *8 4 85 '<ij4 85 *2 @4 88% circles, and the course of monetary affairs or the foreign Documentary commercial 4 87%04 88 4 84%©4 85 5 155a05 13% 5 18 ^4 2)5 1<>78 exchanges are looked at mainly with regard to their possible Paris (francs) 40 q0 40 ft 40 q 403s (guilders) bearing upon the prices of stocks and bonds. The depressed Amsterdam 95 it 95 q 95 5s 0 96 Frankfort or Bremen (reichmarks). tone of last week has continued, and the prices of speculative stocks to-day are generally much lower than the closing prices United States Bonds.—The further advance in the prices of of last Friday. The complaints against the heavy operators the long bonds is the great feature of the week, and there who virtually declared themselves as supporters of the market seems to be no limit to the price that,will be paid on a govern¬ have been very loud, and our readers must judge for them¬ ment bond having thirty years or more to run. The fives con¬ selves whether these complaints are well founded, and whether tinued are also weaker, as the large calls for sixes make it prob¬ there was any unusual or extraordinary deceit practiced by able that the fives will be reached by September, and then the them upon the public. But whatever may be thought of representations made highest numbers, that is, the bonds last issued, will be called first. by heavy capitalists in order to enable them to unload their The closing prices at the New York Board have been as stocks on the moderate operators, there is one point of more follows: precise and definite bearing upon the values of stocks which calls for attention—and this is the matter of railroad reports. Interest April Apt il Ajiril A pril April April 12. 13. 10. 11. 8. 14. Periotts. Every railroad company having its stocks and bonds on the Stock Exchange List in New York or other cities ought *101 *101 1011s ‘101 continued at 3hi.. J. A J. *10118 *101 certainly once a year to make a full report of its earnings, 6s, 102 <8 1021.2 102q 1023s I02q 102 5s, continued at 3%.. Q.-Feb. expenses and financial condition; and a failure to do so should 4%h, 1891 reg. (J-Mar. *11558 U.554 1155s 11578 *11570 116% 1 1 5 % *11558 11554 115 :i4 *11570 116% coup. Q.-Mar. fairly be accepted as an admission that there was something to 4*9*. 1891 *11958 rtlOSg 11950 120% 120% *11958 Is, reg. Q.-Jan. 1907 be concealed from the public. Perhaps our readers are not 120% 120% 119% 1195s 119L, 120 is. 1907 coup. Q.-Jan. aware of the extent to which some of the very largest 6s, cur’cy, 1895..reg. J. A J. *130 *130 *131 *130 *132 *132 *133 *134 *134 *134 *132 railroad corporations conceal their affairs, even from the 6s. cur’cy, 1896..rev;. J. A J. 131 *136 *134 *135 *136 *133 ds. cur’cy,. 1897..reg J. A J. *132 The Delaware Lacka- 6s, cur’cy, 1898..reg. J. A J. *134 *134 *135 *136 *138 *13778 ©yes of their own stockholders. wanna & Western Railroad makes no annual report; the 6s, cur’cy. 1899..reg. IJ. A J *136 *135 *136 *137 *139 i*139% Chicago St. Louis & New Orleans has made no reports— This is the price bill at the morning board: no sale was made. though under the same management as Illinois Central, which has always issued the most complete annual reports. State and Railroad Bonds.—The dealings in State bonds The East Tennessee Virginia & Georgia formerly issued its have been very small. Tennessees were steady at 50 this annual reports regularly, but the new managers have never morning, but advanced to 55 this afternoon, on purchases' published that for June 30, 1881. The Wabash St. Louis & from Tennessee supposed to have been influenced by the Pacific report was published last week, and a most valuable belief that the Legislature is to be called upon to pass a bill report it was; but now it is stated that no reports will be issued which shall refund the debt into new bonds, bearing 0 per cent for the year 1881 for the Missouri Pacific, the St. Louis Iron interest, to be issued for GO per cent of tbe principal and inter¬ Mountain & Southern or the Missouri Kansas & Texas. The est of the present debt. Louisiana consols were quoted 64@64%Texas Pacific report had always been published yearly prior to Railroad bonds have only been active in a few of the specu¬ the Gould management, but the report for the year ending lative issues, among which Erie second consols have been the May 31, 1881, was suppressed, and there is no reason to suppose foremost, and declined to 9214 and 91^ seller GO. A heavy that any will be issued this year. The Union Pacific report for attack is made upon these bonds and it has been asserted 1881 is so meagre in its details as to the earnings and the repeatedly that since no foreclosure can take place till “ on financial status of its branch lines as to give practically no each of six successive due dates of coupons some interest ” information in regard to those companies, which have a mileage slialTbe in default, therefore the payment of one coupon would now of The Money Market * * * 2,450 miles. Persons dealing break this succession, and five more coupons might go unpaid. in New York, London, or other markets But this is expressly negatived by the provision of the mort¬ where many of these prominent stocks are sold, can form their gage which says that each due coupon must be paid in full own opinions as to whether it is desirable to purchase the before part payment of any coupon subsequently maturing.” stocks or bonds of companies which issue no full reports. But As to the Erie seconds, the Wabash general mortgage, the so far as the facts are concerned, it is well that they should Louisville & Nashville general mortgage, and all other blanket constantly keep in view the companies which refuse to give mortgages, it is well understood that they are much better In London, most assuredly, they will than a out such information. cumulative income mortgage bond,' inasmuch as the soon learn to avoid the companies having a secretive manage¬ right to foreclose on default of interest compels the whole ment, as that sort of thing is against the spirit and practice of body of stockholders to stand under the bonds. their financial institutions. The local money market has been easier, and after a few loans early in the week at G per cent on stock collaterals, the rate since has been 3<$5 per cent, and on government collat¬ erals 2@3 per cent. Prime commercial paper is easier at 5@ 534 per cent. The Bank of England on Thursday showed in its weekly statement an increase of £103,000 in specie, and the proportion of reserve to liabilities was 42 5-1G per cent, against 3Gf8' per cent the previous week. The discount rate remains at 3 per cent. The Bank of France showed a decrease of 475,000 francs Railroad and Miscellaneous Stocks.—There has been but the tone of depression and weakness which characterized the market, and in no direction has there been any strong and healthy support given to prices. In the last half-hour to-day there was some active buying, which caused a reaction for the time, and advanced prices to about the best figures of the day. There have been some stocks conspicuous for weakness,^ even in a weak market, and among these were Jersey Central, little variation this week from Wabash, Louisville & Nashville, Michigan Central, and at times Lake Shore, Missouri Pacific, Texas Pacific, Western gold and 2,775,000 francs silver. The New York City Clearing-House banks in their statement Union, and others of less note. It is reported to-day that an order of April 8 showed a decrease of $909,000 in their surplus lias been granted by the Chancellor of New Jersey for an elec¬ reserves, the .total surplus being $811,650, against $1,720,950 tion for directors for New Jersey Central. Mr. Gowen arrived on April 1 in Liverpool on Thursday, and the holders of Reading stock The following table shows the changes from the previous look for activity as soon as he gets before the stockholders in week and a comparison with the two preceding years: London. It would be a good stroke of policy, and add not a little to the dramatic effect, if Mr. Gowen should say as lie 1*80. 18*2. April 8. Diffcrnces fr’m j previous week. - 1881. April 9. April 10. Loans and dis. $314 405 800'Inc. $1,581,600 $305,244,400 $288,470 .900 52.023 .600 57 6.54 200 Inc. 280.500 60.429,600 Specie 20,987 900 20 070 900; hie. 16.709.000 122,200 Circulation... 282,788.500 256.267 .800 286 345 400 Inc. 1,622.000 Net deposits 11.935 900 14 7-13 784,300 12,472,70O Legal tenders. . SOOjDee. Legal reserve. $71 586 350 rue. $405,500 $70,697,125 Reserve held. 72 398 OoO Dec. 603.800 72,902,300 $811,650 Dec. 8909.300 Surplus $64,066 950 63,959 500 $2,205,175 def. $4 07. 450 before the stockholders’ meeting: *T hold in my hand a cable dispatch just received from Philadelphia, announcing that the overdue coupon on the general mortgage bonds will be paid April —.” This would represent works, while Mr. appears Gowen is himself the embodiment The price of New York Central of faith. has come down while Penn¬ sylvania Railroad has been held pretty steadily, and tliis week the stocks of these great trunk lines, which last year were ~o per cent or more apart, have been within 2(c3 points of eacn other. : - The borrowing prices for some stocks to-day showed a con¬ Foreign Exchange.—The rates for foreign exchange were siderable short interest in the market. Railroad earnings to decidedly easier to-day, on account of the free offerings of March are bills bankers’ reported at length on another page. drawn against stocks and bonds shipped. It is THE CHRONICLE. 15,^1883. J Afrit, 429 RANGE IN PRICKS AT TUB N. Y. STOCK EXCHANGE FOR THE WEEK, AND SINCE JAN. 1, 1882. DAILY' HIGHEST AND LOWEST PRICES. STOCKS. Saturday, April 8. Monday, April 10. Tuesday, Wednesday, April 11. April 12. Thursday Friday, April 14. April 13. Sales of the Week, Range Since Jan. 1, 1882. Shares. Lowest UilliKOADS. 05 Do prof... Burlington Cedar Rapids it No. f>0 Canada Southern Cedar Falls it Minnesota Central Iowa Central of New Jersey Central Racilic SO Chesapeake it Ohio Do 1st Do 2d prof. Chicago it Northwestern Do pref... Chicago Rock I si. it Pacific Chicago St. L. it New Orleans.. Chicago St. Paul Minn, it Om.. Do pret. Cincinnati Sandusky it Clev.... Cleveland Col. Cin. it lnd Cleveland & Pittsburg guar Columbia & Greenville, prof— Columbus Chic. & lnd. Central. Delaware Lackawanna it West. Denver it Rio Grande Dubim no it Sioux City East Tennessee Va. & Ga pref.. Green Bay Win. it St. Paul — Hannibal & St. Joseph Do pref Houston it Texas Central Illinois Central Indiana Bloom’ll it West., new. Keokuk <t Des Moines Do pref Lake Erie it Western Lake Shore Louisiana it Missouri River— Louisville it Nashville Louisville New Albany it Chic. Manhattan 1st pref each Co Dt Manhattan Marietta it id 01 01 SI 50% -IS'*4 50 Sl:,4 77% 81-4 90 4 89 21 '*8 *30 *23 90;<8 25 131 r 132 111 132**4 1124 119<i 120 128 4 129 'a 1384 139 130 '75 30 130 70 4 35 .... 1234 05*4 83 83 12*4 12-4 21*4 114 21 114 *90 8734 134 4 40 91 89 12 12 rx80 83 70u4 12 20 20 34 Peoria Decatur & Evansville... 1104 . Toledo Delphos it Burlington Union Pacific .. 54 *87 4 80 4 48 82*4 48-J4 73 7334 f ' 33 *20 *90 87 *09 91 *25 55 90 81-4 004 137*4 137 4 120 12734 138 4 7 0,400 1,050 44,850 3,000 120*4 120 34 3,524 *75 35 4 99 50 138 77 30 99 4 50 72 75 34 08 34 50 7134 133 1384 12 *90 85 4 70 0 114 20 20 91 *90 85 *03 134*4 135*4 394 92 20 94 4 20 3134 93 4 92% 254 20 3134 934 25 25 123 129-4 128 014 1294 107 "66" "GO* 1704 254 20 17*04 204 *51*4 "sT" ‘hi* 384 78*8 1C 4 374 38*4 7034 10*8 40 79 374 374 724 71 a4 7034 574 30 5934 11 4 20 191,110 200,710 142. 1,920 2,890 7234 74% 2,250 1,000 5,457 3,31.) 17 100% 108 50 754 04 04 200 50 5,800 50 51*8 *90 91 10 1,025 104 1,250 0 55 0 5S 2,924 1,200 87 294 89 22 124 00 4 31*4 294 924 89a4 2334 22 4 124 60 "79% *26* 31% 924 2334 *6*6** *63* *52*’ "52* 5034 51 38 704 104 30*4 39*8 78 10 34 374 98 18 70% 78% 10 304 37 714 71% 71% 100 ■72" "73*4 98 *16 71*8 38 "2934 "304 "29" "2*9 004 59*8 135 .... 004 135 070 65,250 2,500 39*8 164 2*6" * 3*6" 584 00 *135 1354 2934 50,955 82.900 700 290 5,17*6 115 4,575 161,200 158 **50*6 30 *2*5'' '*27* *25 27 *25 "ioo 304 27 *5*34 "5334 53 53 904 91 2934 27 *65 38 52 4 90 28*4 30 27 08 38 23 52 4 90 70 1184 119 1184 119*4 39*4 4034 384 40% 11941194 39*4 404 15 HI 40 334 584 I 12534' 304 314 574 584 494 494 *4*734 *49 48 1044 105 4 1*4*6 4 ill* 4! 1044 105*4 31*4 5734 00 50 105 38 Adams American United States Wells, Fargo it Co 8041 39 52 4 91 314 58a4 00 53 4 105 38% 394 40% 25 100 400 700 430 *264 *31*' 54*4 574 484 49 00 00 ' 5334 104*4 10434 3*8 2,910 75.900 200 116*4 i’Ti 4 ii’6% ii*2* *29*8 *3*6% 54*4 50 494 494 "5*64 *51 % 50 104*4 105 141*4 l4*i34 39*4 394 125 *125 40*4 120 3934 40*4 39 125 39 394 *125 120 81*8 *140 93 82*4 142 93 140 93 75*4 75*4 *1274 129 744 84 140 934 74 4 1274 129 82-4 141 94*4 74 *127 834 141 94*4 70 130 81a4 % 81% 834 Feb. 2 117 136 2 131% 1474 Feb. Jan. 13 129 148% Feb. 1 40 88 130 145 135 84 39% Mar. 22 10G34 Mar. 22 334 57 4 Jan. 14 84 J an. 414 97 4 Feb. 24 44 Mar. 9 71 a4 Apr. 14 133 Jan. 7 70 Mar. 10 9*4 Feb. 13 110 4 Mar. 11 128 4 Feb. 52% Mar. 14 74% Jan. 138*4 Apr. 104 Feb. 21% Jan. 83 Feb. 20 84 10 Feb. 23 10 10 4 Mar. 8 20 4 8 Feb. 15 10 90 Mar. 1 110 70 Mar. 2 1114 01 Mar. 11 86 12734 j Coal *29 *17 4 Homestake Mining *174 *2 Mariposa Land it Mining Coal Ontario Silver Mining Maryland Pennsylvania 1 0 *8 35*4 Coal Quicksilver Mining a. . Bo U*4 pref 50 4 19 4 standard Consol. Mining Cameron Coal Central Arizona Mining 18 35 *1 i *35 354 i 215 245 11-4! *H4 12 4 50 4 *50 57 19 4 18 4 184 10%) *104 *35 18 *17 4 2 4 354 "2 *1134 504 13 564 184 184 2 4 15* *15*’ *1634 19 *35 354 245 ' 18 *343* 35*4 12** 12** 28 17a4 17% v2 2 % "1*4" "To* *344 35 * *114 *50 *18 4 *50 18 4 57 18 4 1*2% * *1*2% *50 18 4 57 184 Robinson Mining Silver Clift Mining qjormont Mining. * These are * *34 34 *3 *4 34 *34 the prices bid and asked—no sale was made at the Board. t Ex 25 per cent new stock. 88 21 Jan. 18 23 33 Jan. 18 Feb. 8 J an. 9 Jan. 14 19 49 Mar. 23 Jail. 19 10 05 01 44 90 25 94 4 40 84 77 % XI ar. 8 XI ar. 8 Feb. 24 xrar. 10 Apr. 12 Jan. 23 Apr. 11 Apr. 11 Mar. 9 Jau. 4 41% XI ar. XI ar. Feb. XIar. XI ar. Fob. 26% 87% 22 Apr. 13 11 0 25 11 11 24 24 XIar. 30 100% J an. 75 Jan. 00% Feb. 984 Jan. 37 xrar. 15 4 J an. 9 4 Jan. 3 9 11 28 30 18 10 9 3 0 41 Jan.. 18 82% 92 Fob. 8 77% 90 Jan. 10 84% 52 Jau. 10 42 21 Jan. 11 23 01 J an. 11 024 39% Jan. 14 34% 104 4 Jan. 28 85 35% J an. 21 18% 31 118 87 4 Jan. 14 63 15 60 Feb. 24 Jan. 30 Jan. 31 190 25% Mar. 23 4 Jan. 10 59% 24 15 93 126 1264 64% 304 70% 54 114% 39% 514 Mar. 11 67 4 Jan. 7 50 Mar. 17 127 Jan. 17 130 1334 Feb. 24 137 135 17 110 100 24 4 20 18 Feb. 25 140 Mar. 9 40 Mar. 13 250 Jan. 5 Feb. 7 344 Mar. 8 43 8 79% Feb. 24 20 Feb. 15 68 Jan. 19 108 4 Jail. 26 34 % Mar. 9 10 4 Feb. 15 Feb. 15 122 22 20 Mar. 17 22 4334 Jau. 16 39 92 Jan. 16 85 46% Jan. 25 39 664 Jau. 26 55 1064 Jau. 17 90 314 Mar. 29 20 80 Mar. 27 70 123 Mar. 20 884 304 Mar. 22 51% Jan. 14 414 17 4 Jan. 15 7 74% 142 146 35 80 994 171 Mar. 11 203 J an. 11 J an. 3 204 Mar. 8 60 Mar. 8 Mar. 374 83 76% Apr. 3 64 200 1954 Apr. 11 190 8 37% Jau. 14 27% 57% Jan. Feb. Mar. 60 G5 37 128 38 122 Mar. Jan. Feb. Feb. 200 21,950 4,195 102-% Mar. 238,215 GO 350 031 125 4 Apr. 70 % Mar. 53% 109 % 49% Feb. Feb. Mar. Feb. Jan. 145 Apr. 45 % Feb. 145 J an. 1 Jau. - Ill 93% Mar. 139 1744 50 504 774 143% 55 81% 1154 424 894 113% 73% 38 XI ar. 1J an. Mar. Jan. Feb. Mar. Jpii. Jan. XI ar. Jan. Jau. Jan. Jan. *450 50 00 225 200 535 *33% "go" 04% 96% 74% 73% 67 115% 49 190 62% 151 44 92 Mar. 15 1494 Jan. 10120 153 Feb. 181 97 4 Feb. 25 02% 98 72 4 Mar. 8 80% Jan. 26 514 79 125 Feb. 21 1304 Jan. 142 5 112 90 **3*6 *2*0*6 ......... 113% 4 137 % Mar. 30 48% Jan. 14 an. 30 Mar. 8 13 4 Feb. 23 20 Mar. 21 27 4 Mar. 9 1 1 New Central Coal 32% 131 13 31 00 38 923 *5*0*6 Excelsior Mining 101 a4 1274 142 82 954 764 71% Jau. 14 .. Dead wood Mining 68*4 81 1834 38 4 Jan. 14 350 100 28 51 1094 Jan. 9 Jan. 14 „ Little Pittsburg Mining 91 107 60 54% Feb. 21 5,780 *140 143 *140 143 93 4 944 *934 944 75 75 a4 *75 704 127 *128 130 130 138 118% Mar. 30 1014 129% 120 xrar. 28 110% 140 27 % Feb. 23 39% % 37% 2 0 :,4 135 4 32^857 12534 84 50 4 23 37 % 97 4 9 l % 20 100,820 *735 125 4 1254 Xrar. 21 120 135 25 30 45 714 09 90 Jan. 10 50 90 XI a r. 25 10 404 J an. 4 31 45 Feb. 20 82 4 112 J an. 14 SO 4 102% J an. 7 20% 33% J an. 14 32% 48% J an. 14 23 36% 8 127 Feb. 156 Jan. 27 1334 1824 32% J an. 18 70% Feb. 4 85 % Feb. 2 30,190 10934 Mar. 13 119a4 Jan. 16 1054 131% 43 Mar. 22 624 Mar. 24 * 4 S3 *8 24*4 64 1194 1194 119*8 119*4 15 11141124 111*4 112*8 40 47 4 494 105 4 1054 39 *4 125 34 1124 2934 5634 00 024 2,200 *70 “ * *7*6* 70 1194 1204 40 34 42 34 28*4 *38 524 *89 135 131 11934 Mar. 13 54 Mar. 8 3,740 102 104,372 127 4 Apr. 13 13534Jau. 14 130% 155 104 Feb. 24 1094 Jan. 27 96 1304 124,9*7*6 34 Mar. 8 43 *8 Jan. 14 39% 52% 4,340 07 Mar. 8 85 Jan. 14 804 964 174 108 Feb. 17 173 Apr. 6 164% 190 13,745 21% Mar. 9 294 Mar. 28 25% 434 20 Jan. 0 24 Feb. 27 23 4 264 i*955 44% Mar. 8 58% Jan. 11 53 70 59,150 28% Mar. 9 414 Apr. 5 32% 51 141,221 00% Feb. 23 80a4 Apr. 5 64% 88% 3,325 f 15% Mar. 16 25% Jan. 14 21 37% 27 Feb. 23 6,115 60 3934 Mar. 28 35 200 126 9034 Mar. 9 1104 Mar. 28 97% 234 30*4 2934 Feb. 23 19 59 01 784 374 110 32a4 3934 io% ioa4 100,759 324 80 34 "7*8 4 48 *""" 20 * 01 130 Jan. O 32 % Jan. 18 00 Jan. 0 80 Keb. 23 44 Feb. 23 15 Feb. 18 29% xrar. 17 74 4 Mar. 13 80 Feb. 23 19 4 XI ar. 9 28 Mar. 9 21 Mar. 9 127 4 XI ar. 11 127 4 XI ar. 13 104 4 J an. 4 118% Apr. 14 124 J an. 4 130 A pr. 10 120 Apr. 13 08 Mar. 8 1,950 37*4 Jail. 14 179,523 100;‘H Apr. 8 120*e Mar. 30 112% 24 0 49 4 Fob. 21 50 Mar. 28 72*4 39 594 1,915 91 80 72 7734 135 000 410 8 7134 *105 "Cl"’ *514 37 98 25,325 23,740 50 1274 12834 1274 128% 100 3434 354 *3*4" *354 72 4 72a4 714 73 72*4 72a4 1704 171 *171 173 *172 175 26 25 4 204 204 25*8 2534 104 73 1954 1954 294 30*4 69*8 60 4 195 3534 99 7a 1284 129 "35**4 "3*5*4 ’*35**8 **3534 734 172 55 91 304 92 4 00*8 3534 55 01 122 '*03* 1004107 4 324 874 31 75 "3*6** *3*6* 30 91 814 484 * 32 30 324 80-4 -min "2*6* 2,055 133a4 134*8 393.4 40% 40 33*4 104 54 873.4 48 300 100 085 138 114 80 70 90 814 80-4 49 1,500 700 7734 514 334 10 18,205 100 31 108 4 73*4 77 4 183.470 129*8 82 20 Y66 24 1134 12 118*4 119 aa 00*4 0234 1183^ 1194 594 02*4 21 * 1284 130 110*4 110*4 11*4 004 504 COAL AND MINING. Consolidation 120 4 127 IO334 110 4 11.8 34 119*4 120 4 128-4 129 110 *78 "874 "874 23 *2*7* 504 EXPRESS. 1104 1294 11% 91 88 72 31 31*4 1094 107 4 30*8 28*4 152 30 34 31 American District Telegraph Canton Company Colorado Coal it Iron Delaware it Hudson Canal Pacitic Mail Pullman Palace Car Sutro Tunnel West.Union Tel.. **x-cortilicates *29 *22 *4 128 4 *•>*> 1 8,775 ih’2'' 34*4 New York it Texas Land Oregon Railway it Nav. Co. 82 1134 12 "51" *h*i'*4 **23*' *23* 32 4 584 , 704 20 01 192 **3*6*' *3*2* Wabash St. Louis it Pacino Do pref. .. 31 24 129 34 130 *4 22 31 32 *17" * *2*6* 112*8 11334 MISCELLANEOUS. 21*4 21*4 *29 4 12 .. Virginia Midland . 108 0 02*4 13441344 . 894 12 71 94 58 Rioh.it Allegh., stock trust ctfs. Riolimond & Danville Richmond & West Point Rochester & Pittsburg Rome Watertown A Ogdensb’g 8k Louis Alton it Terre Haute. Do ■ pref. St. Louis A San Francisco Do pref. Do 1st pref. St, Paul & Duluth.... Do pref St. Paul Minneap. & Manitoba. Texas A Pacilic 74 4 88 34 72 T38 874 3034 50 34 *90 334 .. Philadelphia it Reading Pittsburg Ft. Wayne & Chic Rensselaer & Saratoga 40 4 7 0 “4 S9:*4 21*4 75 139 134-4 1344135 40 4 404 40*8 41*4 03 .. Panama, Trust Co. certificates. - 74-4 *71 *138 r -18 4 20 34 88 34 50 1194 120 4 014 03 504 4 9 >4 20 3 4 704 50 21 *90 87 71 134 75-4 344 20 01 314 33 4 95 934 *20 ' 28 123 123 x02 4 03 pref... *20 30 Nashville Chattanooga it St. L. **G*i*4 New York Central <t Hudson 1284 1304 128*8 *105 107 New York Elevated *105 35 4 30 34 New York Lake Erie it West.. 344 Do 74 734 72 pref. Bfew York New Haven it Hart. 172 173 172 New York Ontario & Western 20*s 204 25*8 Norfolk A Western Do 514 5134 **5*i" pref Northern Pacific 38 40*4 37*8 Do 774 794 pref 70 Ohio Central 104 1034 15»4 Ohio A Mississippi 30 34 374 3034 Ohio Southern 994 100-4 *1*9" * 2*6' ‘hi’* hi 4 48*4 Oregon A Trans-Continental... 83 114 91- 394 78 4 Milwaukee L. Sh. it West., prof Do *80 114 55 87 Morris it Essex 12 119 100-4 1104 107 87 80*4 Missouri Kansas A Texas— Missouri Pacific. Mobile it Ohio 73 30 Memphis it Charleston Metropolitan Elected Michigan Central. pref. 72 85*4 87 09*4 71 133*4 13434 414 0 50 Do 74 137 *90 13534 0 55 Minneapolis it St. Louis 74 137 504 314 138 128 77 354 30 4 354 **304 994 10()34 50 4 33 4 78 90 22 4 474 17 34 2d pref. 50 334 138 128 "75 124 1204 119*4 120-4 004 04 4 01*4 034 120 4 122 034 50 504 1*204 12*74 120*4 127 4 37 494 300 ■224 24 129*4 129*4 130 4 130 4 1104 1114 i 28 4 i 29**4 9.34 10034 .... 114 23 120 ** 131 *4 1 11% 1194 120 123*4 04 80 74*4 89**4 129:*4 131% 110*4 133 4 04 *21 *29 *75 37% 100*4 10 L 4 *75 T35 70 34 90 *4 22 '4 32 23 129*4 129'-a *9.04 cinnati, 1st pref. Do 120 130 22 *30 135 51 70 4 89 4 22 34 25 12.14 129 4 130 4 131a4 109 4 111 •'4 119 119 32 4 135 494 >4 55 Long Island 05 Low. High 'X *131 89% *23 Chicago<fc Alton Chicago Burlington A Quincy.. Chicago Milwaukee <t St. Paul. Do % 314 pref prof Do 135 f Albany & Susquehanna Boston it X. V. Air-Line Highest. For Full Year 1881. A pr. Jan. J an. Feb. Mar. Jan. Mar. Mar. Jau Jan. Mar. Jan. Mar. Feb. Apr. Jan. 1 Jan. Feb. Apr. Jan. Jan. Jan. Feb. CHRONICLE. I HE 430 QUOTATIONS OP STATE AND RAILROAD BONDS AND MISCELLANEOUS SECURITIES. STATE A, 3 to 5,1906.... Class A, 2 to 5, small — Class B, 5s, 1906 Class C, 4s. 1906 6s, 10-20s, 1900 Class 6s, 6s, 6s, 6s, 6s, funded, 1899-1900... 7s, L. Bock & Ft. S. is*. 7s, Ueinp. «fc Ij.Rock BB 7s, L. B. 1\ B.& N.O. B B 7s, Miss. O. & B. B. BB, 7s,-Arkansas Cent. HU. 1 due duo due due 1882 1886 1887 1888 6s, duo 1889 or Balt.&0—1st, 6s, Prk.Br. Bost. H. & E.—1st mort.. Bur. Ced. R.& No.—1st. 5 s Minn.& St. L.—lst.7s,gu Iowa C.«t West.—1st, 7s C.Rap.Ia.F.it N—lst.Gs Central Iowa—1st, 7s. ’99 Char. Col. <t A ug. —1 st. 7s Cheasp. it O. -Pur. m’v fd. 6e, gold, series A, 1008. 6s, gold, ser. B, int. def. 6s,currency, int. def Mortgage, 6s, 1911 Chicago & Alton—1st m.. 'Income 7s, 1883 Sinking fund, 6s, 1903.. Joliet & Chicago—1st in. ... La.<& Mo.—1st m.. guar. 2d mort., 7s, 1900 &t. L. J ack.it Ch.—1 st m 1st, guar. (564), 7s.’94 2dm. (360), 7s, 1898.. *95 to 97 | Hous.itT.C.—1st., l.gr.,7s 1st mort., West. Div., 7s 1st mort., Waco <t N., 7s 2d, consol., main line, 8s 2d, Waco it N., 8s. 1915 ! Gen. mort., 6s, 1921 1 IIous.E.&W.Tex—1st, 7 s i‘04" 127 to 486 127 127 j 111.Cent—Dub.it S. C. 103 to Dub. it S. C., 2d Div, 115 ii6 Ced. F. & Minn.—1st in. 110 to 111341 Ind.Bl.it W.—1st, nre 113 I 118 1st mort., 3-4-5-6S,! 106 106to 2d mort, 3-4 5-Os, 1909. 103 97 1911 Adjustment, 7s, 1903... Leh.&W B.—Cou.g’d.as. Am. D’k <t Im.—5s, 1921 C.M. A St. P.-lst.8s,P.D. 2d m., 7 3-10. P. D., 1898 1st m.,7s, $ g., R. D.,1902 1st ra., LaC. Div., 1893.. 2d, 5s, 133 to 1337s Int.it Gt.No.—1st, 6s gold 120 121 Coupon, 6s, 1909 120 ...... 125 119to 120 119 119 121 120 .... lstm., C. <k M., 1903 105 110 115 120 iol” 88 j 119 107 93 to 1st. 7b, I.& D. Ext.,1908 1st, Os, La.<t Dav., 1910. Kent’ky Cen.—M..6S.1911 106^ IstS. Minn.Div.,6s,1910 lstm.. 11. it D., 7s, 1910 tlloto Ch.it Pac. Div., 6s, 1910 109 94 1st Chic.it P.W.,58,1921 1910. 111 Sinking fund, 6s. 1929.. 4109 Sinking fund, reg 74 — 90 Sinking fund, reg.. 121 Peninsula—1st in., conv. 120 Chicago it Mil.—1st in.. 120 Winona it St. P.—1st m. 109 to 110 125 4 .2d mort, 7s, 1907 Mil.it Mail.—1st,6s,190c 1.25* 128” C. C. C.it Ind’s—lst,7s.s. f 126 Consol, mort., 7s, 1914.. C StL.itN.O.-Ten.lien,7s 4117 6s, 1930.. iai 7s, 1897 102 s8 102 34 113 to No. Wise.—1st, 6s, 1930. 90 ...... 2d, Gs, 1926. 7s, 1907. Bonds. 7s, 1900... 7s of 1871-1901 a. . 125 ...... 123 to 127 125 to iio” 117 4- 123 127 122 to 113 to 105 to ...... 126 4! 35 1st, 6s, Peirce C. it O Equipment, 7s, 1895.. 119 So. Pacific of Mo.—1st m 104 to Tex. it Pac.—1st,6s,1905 4100 99 118 496 Consol., 6s, 1905 Income it I’d gr., reg ...... 1st,Rio G.Div.,6s,1930 94 to 1st reg., " Pitts. Ft. W.&Ch.—1st m 2d mort., 7s, 1912 3d mort, 7s, 1912. Clev.it Pittsh.—Cons.,s.l 4th mort,, 6s, 1892.... Col. Ch.it I. C.— 1st, cons 104 2d con., 78, 1909 1 st, Tr’t Co. ctfs., ...... 1033e N.Y.itM.B’h- i ...... 95 127 {101 to — 497 Jack. Lan.it S—6s, 1891 V. Mil.&No.—1st,4-5-6s,1910 Mil.’ L. S.it W.-l st 6s. 1921 {92 2d mort, 7s, 1891 '. S’tlnv. Ex.—1st, 7s,191( Pac. Ex.—1st, 6s, 1921 100 115 112 99 98 109 100 103 j 98 80 3h 104 to 1898 7s, 1898. Pits.B’d.ifeB.—lst.Gs,19! 1 Rome W.ifeOg.—Con., 1st. 2d mort., 7s, 2d m..guar.. Bieh.itDauv.—Cons.g., 6s. At 1. 97 133 126 to 8lto> 135 .... 128 114 1st consol., 7s, 19i0 it!03 ■4] Denv.So.P «fe P-c—1st. 7s' « '4 104 to ! And accrued interest. 103 105 60 98 to 104 93 v> Equipm’t bonds,7s, So 96 Consol., conv., 7s,lJ0( Gt. West—1st, 78;,88. 4 ...... 2d mort., 7s._1893 Q. it T—1st. 78. -- 1890, Ill.itS.I—1st, 7si,188- luuto 104 106 4106 99 to loo Han.it Naples—1st, 7* St. L. K.C.ifcN.—K.e.,7s 103” 1 *0*3 to Om.Div—1 st more, < s 107 109 to Clarinda Br—bs, 1919 97 to i 99 St. Chas. Br—1st, bs 120 122 No Missouri—1st, JB. West.U. Tel—1900, coup. 119 1900, reg• - - - val*; 119 S’ W. Telegraph—7s, 1904 Vaf. W.W.—1st, bs Oregon BR.itNav-lst,6s Soring INCOME BONDS. Gen.e.r’yit l.g.,5s,1931.. St.L. Alton it T. II.—1st m. i 2d mort., pref., 7s, 1894. Cliic.St.P.&M.—L.g.nic.bs Chic. «t E. Ill—Inc., 1907 Des M&Ft.D—l8t,lnc.,bs Det. Mack. & E.T. Va.itG—Inc.,bs,1931 p1'*}:"1, !,1; viw c iYd” *116** ^iBayW&St.P.r2.l,Iuc 1 ud. Bl.it West—lnc.,1919 Ind s Dec.itSpr Trust Co. certificates d-2d.jnc. Int. & Gt. North—2d Inc. 2d assouted, bs, 1909.... Lehigh it W.B.Coal—1888 Lake E. it W—Inc. 7s, 99 Sand’ky Div—Inc., 19-0 Laf.Bl.itMun—Iuc.7s, 99 Mil: L. S- & W—Incomes. lSIob.it 0—1 stpref.deben. 2d nref. debentures 3d pref. debentures - — 75 4””” ioo* 75 55 460 4 48to 48to *27 70 60 ■f t - 480 480 87 89 to 49 35 50 55 53 • • »•••• 78 82 to 50 .... . 50 ■4*2” 36 38 3*2 to *34 * Peoria D. & Ev.—I ncoroes Evansv. Div—Inc., 19-0 Riclim. & Dan—Doben. bs Hoeh. it Pitts—Inc., 1931 S. Caro.R y—Inc.,bs,1931 St. Louis I. Mt. <t »n— 463 1st, 7s, pref.. nit. accum. 2d, 6s, iut. aec nuilative *92 480 90 41 to 49 to Tol.Del.it B—Inc.bs.l910 97* 45 •■•••« 94 .••mmm ■*3*8” ”4*6” 23to 23 18 Dayton Div—bs, 1910-- Tex.itSt.L.—L.g.,mc.l9(Broker's Quotations.) 90 Va. State—New 10-40s... Atl.it Charlotte—1st, 7s-- 90 101 Income, 89 91 99 to 100 to Car: Cemtvai—1st, 6s, i920 Cent, Ga—Cousol. m., is. 1*0*2** 115 ..... 109 to 110 112 no to 110 108 to 108 77 78 ...... 117 106 - ... . • Chic.St,i;.itN.p^5s,i951 nd.St. L.it C—lst.bs (’in. 1 G al. H. & H en—/ s, g-, Georgia Railroad liu 19 0 - is.. KausasitNeb—lstmort.. Long Island—1st moit.. Memph.it Char—1st,cons 1st, consol., Tenn. Lcn- ... «••••• 43 to 45 107 to 108 92 90 72to 71 100 114 112 99 to 101 90 112 108 "io" "75” 120 107 65 17 115 106 109 109 115 30 ...... .. Josepii Pac—ist Ti We^^N/c-l-t3?. t No price Friday—these are * 4*1*07 to il*2** ;Uiscellaneotis List. ! ””” 112to itNo.—2dlnc.,l970 Plain Income bs, l»9b-Stel ling Mtn. R’y Inc.. 9o St L.A.&T.11-Div. b’uds 7s. St, TiOiiiSit T. Mount.—1st 2d mort., 7s, 1897 Arkansas Br.—1st mort Cairo it Fultou—1st m. Cairo Ark. it T.—1st m. *89** '*9*2*' 101 46 Cliic.St.L.&N.O—~d,190/ Col.Chic.&I.C.-Inc.7s,90 Cent. I a—Coup.deb.certs. St’g Lit R’y—Ser.B.,inc. 112 ..... ...... 2d mort., ext,, 7a, 112 Ogdensb.it L.C—Inc.19-0 138” i*4()‘* Inc., 1900 110 to 93 to *63 98 in 109 100 2d mort., income, 7s, ’94 4 i H. it Cent. Mo.—1st,’90 N. O. it Jackson—1st, 83 BellevilleitS.Ill.—lstm. 118 Mobile & O.—New in., Gs Certificate, 2d mort.. 8s into St.P.Miun.it Man.—1st,' 109-to 109 to Collat. Trust, 6s, 1892. 2d mort., Gs, 1909 N.Y.itG’nw’d L—lat.is.i 105 •'g 1 Dakota Ext.—6s, 1910 107 to 108 Morgan’s La.«tTe.x,lst,6s i St, P. it SL 115 «t Dul.—1st,5s,1931 100 m. So. Car’a K’v—1st,Us,1920 9734 100 N. Y. Central—6s, 18£ SL J West’n-Stocff 85 90 i‘04to i*04to 2d, 6s, 1921 Tex.Cen.—1st,s.f..7s, 1909 108 6s, 1887 4109 to 6s. rcD estate. 1883. Tol. Del. Bur.—Mav *90 61 to 106 to 92 80 ...... Ohio cent—Income, 19-0 Min’l Div—Inc. 78,1921 Ohio So—2d *nc., bs.19-1 itch.—1st,p.,7s,1897 Scioto Val.—1st. eons., 1 99 64 123 Trust Co. certificates... j Roch.it Pitt,—1 st,6s, 1921 i Rich.it All’g.—1 st,7s, 192(1 1 i‘l’6" iio ...... 1;1-1 4th pref. debentures.... N. Y. LakoE.it W.—luc.bs. N. Y. P.& O—l8tinc.ac.o-7 „ ass’d 2d, Tr’t Co. ctfs., ass’d ibito,! . 7s, 1900 2d, 7s, 1913 100 i’o'i” 63 7s 82 L’ennsylvania RR— Pa. Co’s guar. 4 tos 1st c. Registered, 1921 ritt.C.itSt.L.—1st c., 7s 90 Registered, 5s, 1931 116 115 to 4135 ...... 112 102 ...... Coupon, 5s, 1931... 121 to 122 123a4 124 to 106 to 167 l8t,cons.,guar.7s,190i ...... 52 102 . .... 6s. 1909 120 to 13534 ui. 108 *49to 103 to 160 103 90 1.27 ...... 110 109 99 to 100 4 i‘10% 110 St.P.&S.C.—1st, 6s,1919 Chic.it E.I11.—lst.s.f..cur. _ 101 to L’isv.Cin.it L.—Gs, 1931 . - 99\ 4 106 Cal.ife Oregon—1st in.. State Aid bonds,7s,’84 4103 105 Land grant bonds, 6s. 104 West. Pac.—Bonds, 6s 110 to 103 103 to So. Pac. of Cal.—1st, 6s. ll7to Union Pacific—1st mort. 117 112 113 to Land grants, 7s, ’87-9. 118 to 117 to Sinking funds, 8s. ’93 120 Registered 8s, 1893... 4 Collateral trust, 6s Kans. Pac.—1st, 6s,’95 111 iii to lstm., 6s, 1896. 111 Den.Div.,6s,ass’d.’99 110 1047b 105 to 1st cons., 6s, 1919... 100 Ct.Br. U. P.—F.co.,7s,’95 98 A tell.C. it P. -1 st,6s, 1905 97 At. Jew. Co.ifcW.—lst.Gs 104 to Oreg. Short L.—1st 6s.. 102 Utah So.—Gen.,7s, 1909 104 S, 100 r Extens’n, 1st, 7s, 1909 103 to Mo. Pac.—1st consol.. 6s 102 into 3d mortgage, 7s, 1906. 107 to 107 to Pacific of Mo.—1st. 6s 115 4 2d mort., 7s. 1891 St. L.it S.F.—2d, 6s. cl.A 100 90 to 91 3-Os, class C, 1906 92 91 3-68, class B, 1906 ii'dto 116 to Nashv. it Dec.—1st, 7s. ...... 118 78 98 Gen’l mort., ■ *83 ..... 75 106 to 107 84 to 75 *98 to 99to Sinking fund. 5s, 1929.. 106 ” 1003s lOO-i .. io3to^ ..... *89 to Lake Snore & Mich. S.— Mich. So. <t N.I. s.fd. 7b 109 to Cleve. & Tol.— Sink. Id.. t New bonds, 7s, 1886.. i 21 ii‘i Cleve. P. it Ash.- Is Buff; it Erie-New bds. 120 121 Buff, it State Line- 7s.. 100 109 109 Kal. it W. Pigeon—1st. 94 Det.M.it T.—1st,78,1906 121 106to Lake Shore—Div. bonds 4119 116 Consol., coup.. 1st., 7s 127 109 to Consol., reg., 1st 7s... 125 to 94 to Consol., coup., 2d, 7s.. 124 124 Consol., reg., 2d, 7s 117 to Long I si. R—1st, 7s,l»9i 96 to 1st consol. 5s, 1931 117 to 100 108 to 100 C.& N. west—S.f, 7s, 1885 U07" Interest bonds, 7s, 1883 4105 to Consol, bonds, 7s, 1915.. 132 Extension bonds, 7s, ’85 4105 to 4 1st mort., 7s, 1885 Coupon gold, 78,1902... 124 to 127 4 Reg., gold, 7s, 1902 X * 78 . io’5” Peoria Dec. it Ev.—1st, 6s 101 Evans. Div.,1st, 6s, 1920 Pac. KBs.—C. Pac.—G.,6s. ilG San Joaquin Branch.. 4107 to 109 iia” 121 {100 S.W. Div., 1st, 6s, 1909. 100 112 108 112 117 ...... lstm., I. & M., 1897.... lstm., I. &D., 1899 ‘Prices nominal. 75 90 ,. Consolidated 6s, 1911... Conv., assented, 1902... . . _ . 1st consol., assented, ’99 Rens. it Sar.—1st. coup 1st moit., reg.. 1921 1st, Dayt. Div., bs, 19 N. Y. CL it H.—1st m..cp. 135 1st, Ter’l trust, bs, 1910, 63 1st mort., reg., 1903 .. 133to 133 to i Vvg Mid.—M. ine.,bs,19J < i| 80 W. St. L. it P.-Geu.m.,bs Iluds. R.—7s, 2d, s. f.,’85 4110 4 Chic. Canada So.—1st, int. gu. 9434 Div.—5s, 1910 llav. Div.—6s, 1910 81 Harlem—1st m., 7s, cp.. 134 1st mort., 7s, leg.,1900 4133 Tol.P.&W.—1st, 7s,l911 91 Iowa DlV.—bs, N. Y. Elev’d—lHt. 7s. 1906 116=s 117 • •• • • 98 to N. Y. Pa.it O.—Pr. l’n.6s,’95 4 Ind’polis Div.—bs. 1J-L 490 61 65 Detroit Div.—bs, 19-1.. N. Y.C’.ifc N.—Gen.,6s. 1910 (jairo Div.—5s, 1931- • • ■ N.Y.ifc New Eng.—1st, 7s. i. Wabash—Mort. 18 of 09 1st m., 6s, 1905 *97** Tol. & W.-l st, ext,, is 4 Nevada Cent.—1st m., 6s. N. Pac.—G.l.gr.,lstcon.Gs 100 :;4 101 1st, St. L. Div., 73,1889 102 ...... Keo.«t Dee M—1st, g.,5s Central of N.J.—lstm.,’90 DeL&H.C.—1 stm.,78,1884 1st mort, 7s, 1891 1st mort, ext., 7s, 1891 1st mort., coup., 7s, ’94. 1st mort., reg., 7s, ’94... 1st, Pa. Div., cp.,7s,19l7 Reg., 78,1917 Alb. it Susq.—1st m., 7 2d mort., 7s, 1885 SECURITIES. 0s, subscription, 1883.. iYs” 74 to registered N. \. Cent.—Continued— .. 64, 1917, registered Morns <fc Essex—1st 2d mort., 1891 MISCELLANEOUS 92 small Do Do ..... Iowa Div.—S.F.,58,1919 Iowa Div.—S.F.,4s,1919 Mort. Registered Funding 5s, 1899 ...... C. R.I.A P.—6«,coup.,1917 con., AND 50to 365s, 1924 Small bonds 6s, coupon, 1893-99 ;90 104 to 50 to 50 to District of Columbia— ...... 6b, sinking fund, 1901.. U01 os, 82 6s, 1886 ...... Consol mort., 7s, 1903.. — Tennessee—6s, old, 1892-8 6s, new, 1892-8-1900— 6s, new series, 1914 Virginia—6s, old 6s, new, 1866 6s, new, 1867 6s, consol, bonds 7 to 6s, ex-matured coupon.. 6s, consol., 2d series / 4 6s, deferred Rhode Island— BONDS 102 50 50 50 34 34 34 92 66 43 14 ...... (188), 7s, ’98. Consol. 7s, 1905 2d mort., 7s, 1884 1910 Ask. 8to Brown consol’n 6s, 1893 7 (D SO 80 class 2 class 3 Bid. 6s, Act Mar. 23,1809 ) non-fundable, 1888.. ) Eliz.C.ifcN.—S.F.,deb.c.Gs 1st mortgage, 6s, 1920.. ‘46 to1 ’48 ] Eli/.. Lex.it Big S’y.—6s... ‘‘JO” ”99 to 100 to Erie—1st mort., extended. 126 to 130 120 109 2d mort., ext’d 5s, 1919. 104 to 10 4 to 3d mort,, 7s, 1883 uoiT 4tli mort, ext'd, 5s, 1920 105 to 110 ii2 5th mort., ext., 7s, 1888 108 t/.V. 1st.consol., gold, 7s,1920 i’itj" 12 (3 to 1st, consol., fd. cp.. 7s UOO” 4100 to Registered 6s. 1921.. Reorg., 1 st lien, 6s, 1908 105 to ioe” 81 to 82 to1 84 7b 85 to N. O. Pac.—1st, 6s,g.. 1920 J.ong Dock bonds,7s, ’93 115 103 to 46 48 I N or r. it W.—G. 1. m., Gs, 1931 4103 Butf.N.Y.ifeE.—1st, 1916 126 101 i 118to Olnoifc Miss.—Consol, s. f. 118 N. Y. L.E. it W.--N e w2d,6 492a4 118 to 118 4122 Consolidated 7s, 1898... 2d, cousol., fd. cp., 5s. 119 100 to 120 io()34 2d consolidated, 7s,1911 Buf. & S.W.— M.» 8,1908 113to 114 to! Ev. it T. H.—1st cons., 6s “96” 94” lstm., Springfield Div.. {119 to 120 97 to 98 Fl tifcP. Marq.—M.6S.1921 {HOto 112to Ohio Cent.—1st, 6s, 1920. 104 lstm., Ter’ITr., 6s, 1920 493 Gal.Har.&S.Ant’o—1st,6s 103 ibs 109 107 1st Min’l Div.—6s, 1921 2d mort., 7s, 1905 114 87 85 Ohio So.—1st M., 6s. 1921. 118 108to Oregon it Cal.—1st, 6s, 1921 491 to Gulf Col. it S. Fe—7s, 1909 106 to Panama—s.F. sub.6s,l897 Han. & St. Jos.—8s, conv. 106 Mies.R.Br’ge—lst.s.f. 6s C.B.&Q.—8p.c„ 1st in..*83 lstm., Do SECURITIES. South Carolina— 71 Special tax, class 1, ’98-9 Do Consol. 4s, Small Ohio— Dot. Maek.iv Maiq.—IstOs Land grant 3ton, S. A... E.T. V a.it It a.—1 »t7s, 1900 1st cons. 5s Divisional 5s. 1930 Railroad Bonds. (Stock Exchange Prices.) Ala. Central—1st, 6 s, 191S Atch. T. & S. Fe-4 to. 1920 Afcl’c it Pac.—1st,6s. 1910 Div., Do .A.itO Chatham RR 6s, loan, 1893 RATI.ROAD Min’l Pt. ’87. do 1868-1398. New bonds, ,J.it J., ’92-8 112 W :i4 ; 116 107 i 108 [110 1890 Ask. 135 115 115 10 10 18 18 4* Do 6s, gold, reg., 1887 6s, gold, coup., 1837 6s, loan, 1883 6s, loan, 1891 6s, loan, 1892 7s, consol., 1914 78, small 28 28 135 Funding act, 1866-1900. New York— Louisiana— guar. ' 100 107 to! 110 now Ho Georgia— 6s, 1886 7s, new, 1886 7s, endorsed, 1886 7s, gold, 1890... old, J.&J. No. Carolina BB., J.it J. A.itO Do Do coup, off, J.it J. Do coup, off A.itO. 6s, old, A.it O ! 112 or 1883 Bid. SECURITIES. ---- Asyl’m or Univ., due ’92 Funding, 1894**95 Hannibal it St. Jo., ’80. Connecticut—6s, 1883-4.. 2d, Ask. Missouri— Arkansas— “ BONDS. N. Carolina— 6s, Michigan— 6s, 1883 7s, 1890 Alabama— - Bid. SECURITIES. SECURITIES. [VOL. XXXIV. latest quotations made this week. e! 25 125 110 80 25 118 ! 10 7Q 104 J 112 122 45 12 80 30 15 80 1107 A THE CHRONICLE. 15, 1863. J April New York Local Securities. [Quotations by E. S. Bailey, Broker, No. 7 Pine Street.] Price. COMPANIES. Par. Marked thus (*) are not National. Prick. Bid SECURITIES. Ask. Jam. * Atl. 1st m. 7s. g., 1893 112 BOSTON. do 2dm. 04.1901 Atcb. & Tcpoka 1st m.7s 119Q 10-'k co do (ona.,6p. c landgrant7f 114*4 115 10354 Cam. & ao land Inc. 8b.. Burlington Co. «s,'97. 94 Catawlssa lst,7s, conv., cp.’62 ii? Atlantic & PaclfD, 6s 28 do chat, m., 10s, < 0 29 Income <’o new 7b, 1900,r.& cp ii8 Boston & Maine 7s Chartlers Val., iBtm.7a.C.,lwu: oouton & Albany 76 Connecting 6s, cp. 1900-1904. 115 68 do •v Delaware m.. Gs, reg.&ci>.,var Del. & Bound Br., iut, 7b. 1900 125 d<> 6s East Penn. 1st mort.7«, ’88 * ttoston & Providence 7s K-8 * Amboy, 5s, 19.’0 .... Easton 3url. & Mo., land grant 7b. . 1V2 E1.& ibt 1910 W’msport, do Nebr. 6s E.\ m. 6i, il4 1G3 do do 99 Nebr. 6s 103k 5s,perp 81k 83 do Nebr. is Harrisburg let mort Cs, ’83.. 102 H. & B. T. 1st in. 7fl. gold. ’90. Chicago Burl. & Quincv I).Ex 8o>)4 84 co coub. m. 5s, 1895— 87 Conn. & Pa^suinuslc, 7e 52 |Ithaca* Athenslst g d, <s.,’9i Ci-nuott d Val ey. 7s . .. 8’l Junction 1st mort. 6*, ’62 ioo Call ornU 8outlie'U,63 do 2d mort. 6b, 1900 107k Mhbb., 4^8, new. .. io? 123 Lehigh Valley, let.Gs, reg., ifltcliDurg RR., 6s do 1st, 6a. cp..1896 7s do do 21 m. 7b, reg., 1910.. nok Fort Scott & Guif 7s ’48 do 48Q cod. m., 6a,rg.,192S lartford & Erie 76 do do 120 10344 i 6s,cp.,19<:3 ym K. (Jltv Lawrence & So. 5s... 115 Little Schuylkill, 1st m.7s,’62 K»n. City. St. Jo.&C. B.7s. 109 N. O.Pac., 1st m.,6s, 1920 .. '8554 Little R’k & Ft. Smith, 78,1st 84^4 North. Penn. 1st m.6B, cp.,’85. 105.k Mexican Central, is 104 do 2d m. 78, cp., ’96. 1,0 New York & New Eng. 6s... 114 114)4 do gen. in. 7s. reg., 190' 120 no is 111 112 do gen. m. 7b, cp., 1908. New Mexico & So. Pac. 7s... do debenture is. reg... i04)4 Jgdensburg & L. Ch. con. 6 do Inc Norf’k£We.-t.,gen.m.,bs.L31 103 Oil Creek, 1st bs.coup., 1412.. 100 Old Colony,7s ... old Colony,08 PennBylv.,gen. m. bs, rg., 1910 124 114 115 do gen. m. 6s, cp.. 1910 124 Pueblo & Ark. Vallpy, 7s.... do cons.m. 6s, rg., 1905. 118-54 Rutland 6s,1st mort 100 do 6s, cp., 1905 cone.m. Sonora 7s do 5 c reg., 191 j do Vermont & Mass. KK.,bs.... Pa.*N.Y.C.& KR.7b ,l&iJb Vermont & Canada, new 8s. Bid. Ask. America* —••• * Am. Exchange... JOO 100 25 25 100 100 25 100 25 100 100 Bowery , Chase Chatham Chemical Citizens City...-**Commerce.. •• •• Eleventh Waul First.. ••••;• German American. German Exchange Germania*. Greenwich* . Island City*- • • • . • • . Mercantile. Merchants Merchants’ Exch’ge .... .••••• Metropolis* Metropolitan . • .... .... .... .... .... . . 180 . • • • ... • .... . ... / .... • ........ Phenlx Produce*. Republic fit. Nicholas Seventh Ward Second. Shoe and Leather. Sixth State of New York.. Third . . Tradesmen’s Union United 8tates West Side* Gas and • » . Clinton Columbia Commercial Continental Guardian Hamilton Hanover Hoffman Home Howard .... .... .... .... 133 235 200 .... .... Importers’ & Tr’d’rs Irving • • • . . . . Jefferson • 140 .. . 135 Lafayette (Br’klyn). .... 105 98 DO 130 118 Lenox Lonu Island Lorillard .... , „ • 108 • . ii3 • • * • • • • • t . f (B’klyn) • . • .... 125 • • «... . ... • • • • . • 140 . • . Niagara ... .... 100 . Montauk (Brooklyn) Nassau (Brooklyn).. National New York Equitable New York Fire New York & Boston. New York City . • • •• • • • • . • . • 104 10854 13354 135 .... 105 • 122 . ... 128 • . • • • •• • ... • • . • • • • • . Republic... Rutgers’ Standard • • • 103 » . . Relief i . . ... .... 117 145 75 !45 100 8J 6) 145 20) 55 1)0 70 70 85 100 100 100 50 25 25 100 20 50 50 50 100 25 50 100 IOO 25 25 25 10 50 People’s Phe'nix • . loO 117 85 105 110 185 147 120 270 05 375* North River Pacific Park Peter Cooper • tM .... .... . • 1295s • .... . 90 225 225 85 25 100 100 25 50 50 50 50 50 Mechanics’ (B’klyn). Mercantile Merchants’ ... 185 1*5 150 !20 1J5 25 50 Mech. & Traders’... 104 200 100 Manufac’rs’A Build. Manhattan 1 100 .... ...- Kings County (Bkn.) Knickerbocker .... 100 25 25 17 20 30 50 100 40 100 30 50 17 10 100 100 50 50 25 100 15 50 50 100 50 50 100 30 20 40 50 Grnenwieh • .... 140 105 70 100 . .... .... 100 25 20 50 100 100 100 100 100 100 100 100 40 50 100 100 People’s* . 125 .... • .. 0 Firemen’s Firemen’s ’Trust Franklin* Emp.... German-American.. Germania Globe ... 100 100 100 100 100 100 70 30 25 50 Nassau*.... New York New York County... N. Y.Nat’l Exch’ge. Ninth North America* North River* Oriental* Pacific* Park...... .r . Exchange Eagle Empire City Exchange Farragut • .... Murray Hill* 1 •. IcO 1 ••• • Mount Morns* •• • .... 150 100 50 50 100 50 100 100 25 50 25 100 50 50 100 100 Leather Manut trs Manhattan* Marine Market..... Mechanics’.. Mechanics Assoc n. Mechanics & 1 r drs • • 100 Sp°and Traders’... • • .... 100 100 100 80 50 75 100 100 25 Fourth Fulton Gallatin (250 ... 100 Fifth Fifth Avenue* • • 50 Bowery Broadway Brooklyn Citizens’ City .... • • American American . ..... • • • 25 25 •; • .... 100 100 ••• Corn Exchange East River.... • .... Sterling Stuyvesant Tradesmen’s United States Westchester Williamsburg City.. 100 60 105 75 130 140 70 115 110 150 110 130 95 10 60 180 100 195 120 185 110 140 70 75 140 115 75 58 125 75 125 115 250 loO no 210 1>*7 195 100 125 150 60 1* 0 24) 210 90 112 120 I'll 155 125 300 70 125 15 3 85 1.0 105 95 70 153 210 00 115 80 It 5 66 112 93 140 150 80 120 120 100 120 140 100 20 70 .... 2,000,000 1,200,000 .... 815,000 1,850.000 Jersey City & Hoboken 750,000 Manhattan Metropolitan do 4,000,000 2,500,000 1,000,000 5,000,000 1,000,000 1,000,000 700,000 4,000,000 bonds Miturti, N. \ do bonds Nassau, Brooklyn do scrip New York M.&S. F.& A Quar. F.& A. Var M.&N. M.&N. 1.000,000 J. & J. People’s (Brooklyn) Bonds Bonds 375,000 M.&N. 125,000 Var. 400,000 F.& A. Central ot New York Williamsburg do Var. Var. A.&O. F.&A. ■J.&J. J.&J. 1,000,000 Quar. bonds 1,000,000 A.& 0. 1,000,000 M.&N. 3,000,000 750,000 M. &N. 1,50U,000| Metropolitan, Brooklyn Municipal do bonis Fulton Municipal 5 ... ICO 62 105 Feb., 78 94 1st mortgage Broadway 1,000 & Seventh Av. -St’k 1st mortgage Brooklyn City—Stock 1st mortgage Broadway Brooklyn 100 (Brooklyn)—Stock.. — ... 1st mortgage 42d St. & Grand St. .... Second Avenue—Stock 3d mortgage Consol, convertible Extension 8ixth Avenue—Stock 1st mortgage Third Avenue—Stock 1st mortgage Twenty-third Street—Stock. _lst mortgage * 100 1,000 Ferry—St’k 1st mortgage Central Cross Town—Stock 1st mortgage Houst.West St.& Pav.F’y—St’k 1st mortgage 100 1,000 100 400,000 300.000 Jpi; 500,000 j. & j. 1,800,000 Q-J. 1,200,000 j :& d. 050,ono F.& A. 250,000 1,200,000 900,000 1,000,000 203,000 748,000 230,000 000,000 155 125 90 00 133 85 130 125 200 105 1898 * Q-F. J.&D. Q-J. J. & J. M.&N. A.&O. 200,000 m!&n. 100 500 100 250,000 500,000 J.’&j’ 1,000 1,199,500 J.&J. 150,000 A.&O. 1,050,000 M.&N. ,00&c 200,000 M.&S. 1,000 100 1,000 100 1.000 on H4! 103.Mi June Feb., ’82 2i5 102 27* 112 148 1C 4* 220 110 170 Apr.. *82 150 180 Jan., ’82 120 Apr. ’82 133 125 1888 |102 flhsC.1902,110 Feb., ’82j 1898 90 'lOO Feb., ‘82 230 June, '931115 Apr.,’82 2(0 Jan., 'Hi 100 Nov., ’81 200 Apr., ’98 110 05 Nov.itkii 105 J70 105 142 119 100 no tip iio 00 1,000 100 24 J’ly.lftOo 105 Apr., ’*2.142 750,000 M.&N. 500,000 J.&J. 2,000,000 Q-F. 2,000,000 J.&J. 000,0001 F. A A. 250,000! M.A N. ’94 105 '82 145 ’85 1(3 ’88 108 T10 Mar., **J2 250 July, ’skill iO 270 1*5 July. Jail., Apr , Nov., MO 151 Sept..*8.i| 145 Fei. .. 89 ’82 200 I illy, ’90(109 Feb ,*52 145 May. ’931110 stocks, but the date of maturity of bonds. . . 133 121 ... 101 118 .... 88 X104 165 X... 68 . Chesnirepreierred Chic. & W. Michigan Cln. Sandusky & Clev mn 101k 145 104 58 70 24k 146 100 00 25% Concord Connecticut River Conn. & Valley pref do 40 24*4 ao conv. IowaFalls & Sioux Cliy..... 65 10% 95 0454 115 Bunhury * Erie 1st m.7s, ’97. 45 Northern of N. Hampshire... Norwich * Worcester Ogdenab.& L.Champlain lot'* 82 119 U» do common. LlttiO Rock & Fort Smith.... Manchester & Lawrence.... Mar. Hough. & Out Mar. Hoagh. & Ont.. pref...x Nashua* Lowell New York & New England... 10<> 7s, R. C., 1893* 7s. coup, off, ’$ Phll.Wilm.&Balt .4s,Tr.cerL! Pitts.Cln.&St. L. 7e, reg., 190. | do do 7b, cp.. 19it Plttsb. Tltusv. & B.. 7s, cp..’9< Rich.* Danv.coui.lnt.08,19.5 Shamokin V.& Pottsv.7s, 190i x95 127 101 115 do I255i cp.,1911 cons.m.6s,g.lR01911 113 lmp.m.,6s,g„ 0.189gen. m. 61, g., C.lfO^s 9754 0756 do In. m.,7s,coup.,'896. do deb. coup., l"93*.... co do CjUD. off, 1193 do ecrip, 1892 6% Eastern Eastern do do do do do Passumpslc Connotton do 19(6 Perklomen 1st m.6s,coup.,’8; Phlla. & Erie 2d hi. 7b. cp.,’88 do cons. mort.6s. 920 po do 5fl,’920 Phlla. Newt’n & N.Y.. 1st, ’9. Phil.* R. 1st m. 6s,ex. due 1910 do 2dm., 7s, cp-93. do cons. m..7s,rg., 1911 .... 87% Atchison & Topeka Boston & Alhanv Bodoa C la. & Fitch Boston & Lowell Boston* Maine Boston & Providence 8unb. Haz. * W..lst m.,5s/2i co 2d m. 6s, 1938.. 40 CornV.lst.la.l^ Texas * Pac. 1st; m..6s,g..l90? 103 do Rio Gr. D.v.,1830 8154 cons. m..6s,g.,l905 do Syra.Gen.* ioo ... 139 Old Colony lnc.Al. gr.,7s 1915 do Portland Saco & Portsmouth 114* Union * Tltusv. 1st m. 7s, ’90. 99 i20 1245s Pullman Palace Car .. 11J 24 24* United N.J. cons. m.6s,*94. Rutland, pref erred Warren & F. 1st m.7s, ’96 Revere Beach & Lynn “7% *7* West Chester cons. 7s, ’91. .. Tol. Cln. & St. Louis West Jersey 6e, deb.,coup., 8: Vermont & Massachusetts.. 56* do 1st m. 6s, cp., 96. Worcester* Nashua do 1st m. 7s,’99 17)4 Wisconsin Central • do cons. 0s, 1909 — W.Jersey* At . 1stm 5s, cp. pref CITY BONDS. 3enna. 5s, new, reg., 1892-1902 do 4s, reg., 1894-1904 do 4s. reg..'*912 fO 3M°, reg., 1912 ’blla., 6s, taxe l, reg., 1*82 *94 do 6<,untaxei.reg.f’;6*’95 do 4a, various 2ft ao do pref new pref 42 BALTIMORE. Baltimore 6B, 1881, do do 12)4 do do pref. 25 6054 61 i 62H 55 * 6s, 1890, quarterly... 11? do 6s, park, 68, 1893, do quarterly. 68,1886, J.& J. do do do 67 Iilnehlll ; Nesauehontng Valley Norfo.k & Western, com do do pref.... 88 do do co p.. 19.0 Phll.*II.Coal*Ir’n dcu.is,s>2* do deb. 7s. cnB.ofi do mort., 7s, 1892-4 pref.. do do 1886 Morris, boat loan, reg., i»8o.. 95 Pennsylvania 6s,coup., .910?. Nav.lst ra.6s.rg.,’97. :O0 1751 Schuylk. do 2d m. 6s, reg.. 1901 0254 miscellaneous bonds. I Penn.Co ,6s. reg « — 100 do 4>j*,reg.,lS!W 9454 do 23 M 55 pref. ito Lehigh Navlga. m.,«s, reg., 84 1035* 104 ilO do mort. RR., rg .< 9 do cons.in.7s,rg.,19i ... 118 do Gr’uw’d Tr.7*. rg.. 92 109 112 pref.}.... do IOO gen.m.7s,(p., 190. CANAL BONDS. Ghes. * Del.. 1st m., 6s, STOCKS.f RAILROAD do 118 90 U0J* Western Penn. RR. 6s,cp. 93. .. do 6s P. B.,’96... PHILADELPHIA. do p ef Little Schuylkill Jan., >2 ... 3TOCKS. - J. & J. 1,000 Thla column shows last dividend 094,000 J, & J. 2,100,000 Q-J. 1,000 1,500,000 J.&D. 10 2,000,000 Q-F. 1,000 300,000 MAN. 100 200,000 Q-J. 100 100 Crosstown.—St’k... 1st mortgage bonds 1,000 Bushwick Av. (B’klyn)—Stock. 100 Central Pk. N. & E. uiv.—Stock 100 Consolidated mort. bonds 1,000 Christopher & Tenth St.—Stock 100 Bonds 1,000 Dry Dock E.B.& Batt’ry-Stock 100 1st mortgage, consolidated .. 500&C Eighth Avenue—Stock 900,000 J. & J 120 .... Fort Scott* Gulf, pref lOI 1)0 148 80 80 [Quotations by H. L. Gbant, Broker, 145 Broadway.] Bleecker St. & Fult. Ferry -St’k • . 200 120 64 110 90 170 Jan., ’82 160 Apr., *82 X2SG 235 105 Feb.r ’82 102 105 JOO 97 89 1*4 Apr., *82 1882 104 105 3 65 Sept.. ’81 ;0 95 3)4 Nov.,’8! 90 4 126 Nov., ’81 125 30 3k Jan., ’70 25 7 1897 107 105 0 1900 &e 75 85 3 75 Jan., ’82 *5 05 ».k Feb.. ’82 55 0 1900 101 104 50 2k Jan., »82 50 6 205 Mar.. ’82 200 105 8 1888 no 90 95 7 3 7 5 8 3 . .. STATS AND Nov., ’31 2% Jan., ’82 • • .... 110 188 Bid. Ask. * • .... uo 3- . • ' Brooklyn Gas Light Co Citizens’Gas Co (Bklyn) do bonds Hwlem Amount. Period • • C Par. • .... (Mass.) (New Hampshire)... Fitchburg Flint&Pere Marq City Railroad Stocks and Bonds. Date. • .... ... 125 92 [Gaa Quotations Dy ueorge H. Prentiss, Broker, 17 Wall Street. 1 Gas Companies. Aik. . • Continental.. Bid. 8IOURITIKB. .. 150 120 100 Broadway..- - ••••• Butchers & Drov rs Central Ask. ... Par. Companies. I Bid. 31 Quotations m Boston, Philadelphia and Baltimore. Insurance Stock List. St, Hank Stock List. 4 1890,Q.—M. M.*S......( iso 123 120 121 6s,exempt,’93.M.&S. Os, 1900, Q —J 68.1902, J.&J i2B do 5s, 19i6, new 130 Norfolk water, 8s Par. railroad stocks 6R4; 0354 Balt.* Ohio North Pennsylvania 100 195 200 02H 62X, co 1st Dr*f Pennsylvania 15 ! 10 1225* do 2d pref Philadelphia* Erie do Wash. Branch.100 Jibila. Ge m.& Norristown.. 754 'Tuna. Mwiowni N. Y...... Parkersb’g Br..50 do 29^ 30k Northern Central Pnlladelphia & Reading 50 495s Western Maryland Philadelphia & Trenton 50 47 PhUa.Wllmlng. & Baltimore Central Ohio, common. ...50 10 20 Pit sh. Cln. & St. Louis, com. Pittsb u g & Connell iville ... railroad bonds. at. Paul & DuluthK.K. Com do do pref. 180 Balt. & Ohio 6s, 1835,A.&O. .. 1C 5 187 United N. J. Companies N. W. Va. 3d m.,guar.,’85,J*J West Chester consol, pref.... Pttt8b.& Ccnnell8V.'is,’98,J&J 12094 WeBt .Jersey Northern Central 6b, ’85, j&J 105>s West Jersey* Atlantic do 6b. 1900, A.AO. do 6s, gld, 1900, .J.&J. 1155s ID* CANAL STOCKS. Cen. Ohio 6b, 1st m..’90.M.« S. 103 10956 40k Lehigh Navigation W.Md.es.lBt m.,gr.,’90,J.*J. Pennsylvania .. do 1st m., i890, J. * J... Schuyiklll Navigation do do 2d m.,guar.. J.&J pref... 135*1 14 100 do 2d m.,pref RAILROAD BONDS. do 2d m.,gr. by W.Co.J*J 112 Allegheny Vai..7 3-10s,189»... 122 do 6s. 3d m., euar., J.& J. 120 do 7s. E. ext..1910 115 Mar. & Cln. 7s. ’61, F. « A ... 51 do Inc. 78, end..c.’94. 49 do 2d, M. * N 122 BelvJdereDela. 1st m.,6s,i:*02. do Ss.Sd.J.AJ 2d m. 6s.’85.. 104 {.... Union RR. lst, guar., J. & J.. do 3dm. 6s. ’37.. 105>4i ... do ' <’• nton endorsed. 102 Camden aAmu] 103 41 415* Consolidated Gas do 63, coup., 39 107 Do bonds.....— 10 34> 103 do mort. 6e.’t>y.. ..'M454 .... .... * In default. t Per share. THE CHRONICLE. 432 Railroad Earnings.—The latest railroad earnings and the totals from January 1 to latest date are given below. The statement includes the gross earnings of all railroads from which returns can be obtained. The columns under the head¬ New York City Banks.—The following statement shows the condition of the Associated Banks of New York City for the week ending at the commencement of business on April 8. Average amount of ing “ Jan. 1 to latest date” furnish the gross earnings from Jan. 1 to, and including, the period mentioned in the second column: Latest Earnings lie ported. [Vol. XX*IV. Banks. Capital. Loans and Marcli 08.8.85* $ Ala.Gt.Southern Bost.AN.Y.A.-L. Buff. Pittsb.AW. Bur.Ced.R.A No. Cairo & St. Louis .... 1882. 1881. 1882. February.-! 20,312 lO.SLTj February.., 48,505, 40,023 44,S02| 11,275! 40,090! 1st wk Apr 1881. $ $ 02.409 ! $ 190,192 43,305 184.554 40,255 79.855 485.012 101,589 7 18.050 88,524 4th wk M’lij *7,722 i 25,843 35,0041 jCeut.Br.Un.Pac. lth wkM’h Central Pacific. March 1,987,000; 1,709,037 209,158 5,528,409 .... 184.389 Cbesap. Sc Ohio. February, .i 209,709 172,402! 152,537 Chicago Sc Alton 1th wkM’h Chic. Bur. «fe Q.. February.. 1,457,300 1,031,821 Chic. & Last. III. 4th wk M’h 42,375 30,030 Chic.A Gr.Truuk Wk. Apr. 1 55,252 28,735 Chic. Mil.& St. P. 1st wk Apr 374,000j 302,904 382.859 342,183 Chic. & Nortliw. 1st wk Apr Ch.St.P.Min.AO. 1 st wk Apr 85,3171 00,919 Cin. Ham.A Day February... 199,1851 174,440 208,000 191,005 Cin.Ind.St.L.&C. March Cincinnati South March 199.507 187,402 Clev.Akrontfc Col! March 44,140 35,418 Col. Hock.V.& T. !4th wk M’h 58,130 39,547 Deny. & Rio Gr. 1 st wk Apr 125,711 104,008 Dee M. Sc Ft. I).. 3d wkMar 8,000 0,202 Det. Lan. & No.. February.. 113,335 72,490 21,058 25,299 Dub. <fc Sioux C. 1st wk Apr 200,218 192,105 Eastern February,. 35,551 30,927 Europ.«fcNo.Am. February.. Evansv. & T. H. March 04.828 57,927 Flint & P. Marq. 4th wk M’h 70.200 50,096i Grand Trunk.... Wk.Apr. 1 219,787 228.424 i 90,340 111,738; Gr^at Western.. Wk.Apr. 7 35,560 20,590 Gr.BayW.&St.P. March HannibalA St Jo 4th wk M’h 50,080 51,441 420.10 I 1,097,793 3,110,134 412,498 4.747.000 5,171,700 407,501 613,544 .... 304,212 Greenwich. Leather Man’f’rs Seventh Ward... State of N. York. American Exch Commerce - 544.974 579,288 109,101 453,533 97,488 1,565,007 1,128.317 88,282 226,174 311,874 56,989 154,795 221,097 430,843 71,073 390,748 02,320 Do (Iowa) Match .... .... Ind.Bloom.<fc W. 1st wk Apr Int. & Gt. North. 4th wk M’h Iowa Central... March K.C.Ft.S.&Gult March K. C. Law. Sc So. February,. L. Eric & West’n 4th wk M’h 1st wk Apr Long Island Louis v.A Nashv. 1st wk Apr ’Maine Central. February.. Menip. Sc Chari Mil. L.Sh.&West Minm& St. Louis 2d wk Feb. 1st wk Apr 3d wk Mar 4tli wk M’h 4th wk M’h March Mo. Kan. & Tex. ■Missouri Pacific. Mobile & Ohio.. Naehv.Ch.&St.L February.. N. Y.&N. Engl’d! March N. Y. Pa. & Ohio February.. •Norfolk & West. February.. Northern Cent.. February.. Northern Pacific 1st wk Apr .... Oliid Central.... 1st wk Ohio Southern.. 1st wk 158.033 107,820; 4.59,718 54,074 47,5941 09,117! 032,488 039,789 51.208, 123,000 257,763 400,093 135,439 28.951 47,948 223,947 38,091 20,702 38,825 187,800 135,225 22,800 28,134 10.000 125,970 14,035 27,937 9,069 26,575 118,477 189.507 12,977 145,082 198,017 152,051 159,961 230,916 190,866 256,673 404,524 212.018 398,268 149,659 413,551 107.300 153.033 382,657 318,231 48,820 6,288 1,000,100 223,921 92,453 1,084,100 6,680,071 188,938 498,973 2,793,496 1,826,975 705,048 29,428 323,887 17,903 Apr Apr 8,111 .. 425,781 3,222,209 274,737 48,242 158,590 222,514 314,429 1,260,885 1,577,838 472,238 13,528 Philadelp.&Erie February.. 246,246 225,501 Pliila.& Reading February.. 1,290,421 1,336,427 Do Coal & Ir. February.. 878,584 803,626 Richm.& Danv.. 3 wks Mar 1189,399 tl71,845 St.Johnsb.&L.C. February.. 15.854 11,635 St. L.Alt.&T.H. 1st wk Apr 20,017 30.732 Do (brclis.) 1st wk Apr 13,570 13,679 St.L.Iron Mt.&S. 4th wk M’h 197,867 227,098 St.L.&San Fran. 1st wk Apr 56,757 61,570 St. P. Minn.& M. 1st wk Apr 135.300 86,700 Scioto Valley... 1st wkJApr 9,580 6,123 South Carolina. February.. 126,773 130,719 Texas <& Pacific. 4th wk M’h 110,030 103,092 Tol. Del. «fc Burl. 4th wk M’h 23,543 12,451 Union Pacific... March 2,226,832 1,674,860 Vicks!). & Merid. February.. 47,696 43,0121 Vick. Shr.<fc Pac. January... 12,088 12,166! Ya. Midland 86,718 77,534 February.. West Jersey .... February.. Wisconsin Cent. March * : , i .... Traffic cut off from Cairo f Includes $2,674 back mail > 01G,030 150,285 322,228 93,940 288,590 373,334 2,757,843 247,562 29,020 107.472 113,073 131,910 1,101,417 1.298,070 369,009 575,382 829,614 318,550 768,813 407,115 137,861 608,308 6,284.829 118,785 449,804 2,655,559 1,637,872 689,809 22,387 369,707 217,578 1,835,748 4,000.916 2,976,175 224,044 46,545 106,362 169,7551 104,371 459,115 of high water, 714,295 821,331 78,616 238,047 861,885 134,164 4,453,460 '92,516 12,088 95.094 278.259 t Freight earnings. earnings collected in this period. 0. S. Sub-Treasury. —The following table shows the receipts and payments at the Sub-Treasury in this city, as well as the balances in the s«ime. tor each day of the past week Balances. Receipts. Payments. Coin. 8 $ 1,03(5,336 99 April 8. 1,314,415 73 10. 1,120.117 47 2,>*,95,997 71 11 *2,317.292 9 4 3,035,44) 12 12 110,972.047 44 112.328,300 91 “ 13! *2,262,127 52 3,909.305 44 “ “ . “ 14. Total JIG,955,316 02 17,219,203 00 34,663,148 38 40,702.662 91 Currency. $ $ 92,002,293 90,255,913 89,650,673 88.325,741 93 4,038,101 97 (59 55 54 4,003,601 96 8(5,627.606 (54 86,16(5,020 65 3,8 9 5,(503 93 3,864,232 47 3,915,239 45 4,112,938 40 VU UOill 1 111 L < t' H I Millet lTLlIll. following are quotations in gold for various coins: $4 84 3 83 X X Reichmarks. X Guilders 4 74 3 06 Span'll Doubloons. 15 60 Mex. Doubloons..!5 55 @$4 88 3 4 4 @15 @15 @ @ @ 87 78 00 Silver 14s and %s. Five francs Mexican dollars.. Do uncommere’l. 85 English silver 65 .Fine silver bars 1 !4%@ 1*1434 Fine gold bars.... par@ *4 prem. Dlnie* & *51 dimes. — 99 %@ par .. Broadway Mercantile Pacific Republic Chatham People’s North America.. Hanover Irving Metropolitan 1,200,000 3,000,000 1,000,000 1,000,000 1,000,000 600,000 300,000 1,000,0001 1,000,000 300,000! 200,000; 200,000 600,000 300,000 '800,000 5,000,000 5,000,000 1,000,000 1,000,000 422,700 1,500,000 450,000 200,000 700,000 1,000,000 .... Nassau Market St. Nicholas Shoe & Leather.. Corn Exchange.. Continental Oriental Marine Importers’ & Tr.. Park Wall St. Nation! North River. East lliver.... Fourth National. Central Nat 3econd Nation! . Ninth National.. First National.. Third National. N. Y. Nat. Exch.. Bowery National N. YorkCounty.. Germ’n Americ’n Chase National.. Fifth Avenue.... German Kxch. Germania U. S. Nat .. .... Pru's. silv. thalers. U. S.trade dollars U. S. silver dollars — 99% @ — 93 — 89% — 88 4 74 — — 68 par. @ — 95 a> @ — 90 — 89 @4 81 @ — 70 99*4® —* 99% 99 par 1,006,200 2.975.600 18.300 318.600 176,300 252.200 1,009.300 3.609.500 13.093.) >0(- 222.900 703.500 46.300 107.200 668.000 400,000 1,500,000 2,000,000 • 500,000 240,000 250,000 3,200,000 2,000,000 300,000 750,000 500,000 1,000,000 800,000 250,000 200,000 750,000 300,000 100,000 200,000 200,000 500,000 5.970.600 536,000 50.800 569.400 7.453.000 3,985.000 5.903.000 2.957,000 6.946.700 860*000 172.200 290,700 2.150.500 853.300 853.000 553.800 156.700 221,000 126,100 232.200 107.200 74.800 146,000 8-2,100 222.800 175,Oor 218.400 61.300 86.200 61.700 104.900 146,000 115.200 384.600 153.000 1,055,700 512.700 2.548,000 159.100' 421.900 70.800 149.600 115.600 607,800 981.000 340.000 5.740.90C 1,082,800 13,572.000 3.581,400 676,000 5.182.600 182,000 1.470.600 168.000 1,808.200. 31.400 1,635, lOt’ 49,200 2,660,800 4,6(59.400 1,233.100 2.015,600 406.300 57,100 1.525.600 43.9U0 1.471.200 792,206 1.242,000 14.167,800 3.224.700 2.354.800 731,700 789.100 1.445.900 250,800 1,035,000 172,000 2,600 477,000 29,500 45,000 1,"23,800 2.252.300 1.022.000 3.310.500 9.563.000 9.362.100 4.094,700 954.5 0 900.000 300.000 5.601.600 2.293.600 2.910.900 8.352.200 1.551.200 2.260,*00 7.282.700 2,992.000 9.866,000 U25.000 45,000 5,400 787.000 . 440,000 2.250,000 2.094,600 270.000 2.564.600 3,900 2.265.400 1,804. lot 443.900 2.964.000 450,000 4,600 45 i.OOO 3.000.600 6,070,200 763,200 1.812.800 3,576.000 45,000 1,118,400 45,000 20,307.200 8,20u 115,000 387.000 96,100 227.000 .491.600 307.7 .0 19,017.300 1.471.200 1.154.400 861,800 218,300 4,075.000 801.200 1.287.00 225,000 5.723.500 583,400 16.781.900 7.931,000' 4i 14.580.000 4.981.600 1.149,800 435.0)0 269.900 222.000 1.557,000 1.984.100 180,000 2.224.700 5.149.200 94.800 137,000 91,800 2.144.100 130.400 143.900 40.300 933,000 3,825,60l> 1.100 267,000 1.396.200 420.7 O'J 897.000 830.900 411.800 2.160.700 360.500 647,000 3,189,001 337.100 4.285.700 5,654.000 1.705,000 23,700 1.953.600 3.233,000 666,000 18.863,600 5.373.700 16,458.700! 3.949,4 00 815,000 1,501,000 31.900 1.094,100 102.400 1.052.600 17.459.10C 8,612,800 8.426.000 928.000 697."00 3.518.000 800,000 837 100 45.000 1.945.00C 2,8 >3.900 2.905.500 500,000 495,000 887.600 3.217.200 13,131.000 1,000,000 1,000,01)0 9,255.000 5.874,000 1,048,500 1.375,5)0(1 2.399 HuC 7.586.300 $ 340.000 234, U00 3,046.800 8,340.('00 tion. * 1.677.000 2.811.800 5.430.20C 3,000.000 600,000 1,000,000 500,000 500,000 1.648.400 1.612.100 8,825,600 449,400 To be increased to SI,000.030. The deviations from Inc. Specie .Dec. Legal tenders The of previous week are as follows: | Net deposits Inc. $1,623,000 280,500 Circulation Inc. 122,200 784,300 1 returns Inc. $1,581,600 Loans and discounts following are Loans. the totals for 25....311,219,400 a series of weeks past: L. Tenders. S Specie. 1882 $ Mar. 18.... 312,310,500 “ 329,000 74.U00 111.500 273,000 274.400 114.000 47.900 103.000 Cfrcwlg. 61.162,700 314,405.800 57,654,200 14.743.800 286,345,400 20.076.900 Total Apl. $ 0.‘*22.000 1.980.000 7.216.000 4, i22,000 7.185.100 640.00C 8,406.000 1,339.000 4,651.90') 1.143.300 8.482.900 1,238,500 3,238.000 771,000 6.872.000 2.110.300 2.77(5.400 270.500 221.100 l,7o7.30it 14,009.300 3.547,000 545.100 4.094, 00 4.404.600 475.800 1.152.200 3U0.800 1.003.000 174.000 15,243.200 5.518.300 500.000 Citizens’ * 2,000,000 2,050,000 2,000,000 2,000,000 Circulation. Agg. Clear. Deposits. 10.347.800 237.i00.800 20,075,500 991,410,251 16,150.900 285.059,600 20,090,500 985,587,486 15,52-1,100 284.723.400 19,954.700 994,723.774 57,051,200 14.713.800 280.345.400 20,076,900 806,3; 9,091 58.580.700 58,002,100 1....312,824.200 57.373.700 8....314,405,800 Boston Banks.—The banks for 1881. Mar. 20.. 27.. a following are Loans. S L. Tenders. Sjwcie. Deposits.* Circulation. Agg. Clear t 148,983,800 147,663,700 5.757.200 5,633,900 5,850,700 « * S 3.747,000 4,051,000 148.515,500 3,986.300 3.. Apl. * 10.. 148,491,000 3,017.200 5.278.200 • Including the item “ due to other banks.” - the totals of the Boston series of weeks past: 69,042,232 31,198.000 31,150,000 31,255.500 31,209,100 87.509.300 87.203.300 87,333.000 87.553.300 06,058,741 65,408.254 66,030.307 Philadelphia Banks.-The totals of the Philadelphia banks are as follows: Agg. Clear Loans. S L. Tenders. $ Deposits. * * I Mar. 20 “ 27 73.938,590 55,298.735 73,923,148 04,380,103 64,819,293 50.700,903 11,022,610 10,617,755 Apl. K 17.821,338 18.550.496 17.807,272 17,4? 7,375 55,406,993 10,032.896 1881. 3 10 73,492.943 74,733,368 Unlisted Securities.-—The following Circulation. Bid. Asked. Am. Cable Constr. Co 23 315 Am. Railway Imp. Co. * Atl.& P.jlks.,20 p.c.pdlOO 105 Boat. H. <fe E.. newat’k 1% 1% Do old 1 1% Buff.N.Y.&Phila. subs ; Cal. Pacific stock 67« 9“ Cliic. & Can. So. stock. 2 8 Do bonds. 27 Continental Constr.Co. 45 05 Central Railway Constr*r;t’n Co.iD. LAV.) 104% 105% Dei: Sc R. G. AV. sub.ex. 87 % 92% Do stock 19 25 Do bonds 74 74% Den.& R.G. unl’d cods. 101 % 102 Denv. & N. Orleans 05 Edison Electric L. Co.455 500 Hud.Riv. Contract Co. 95 95 . 52% Ind.B. & W.'.Eas. D.lst Iud. Dec. Sc Sp. com... 6% Do n. is..6s',fund.xl01 Mid.RR. of N.J. stock. 3 5 Do A bonds 20 Do B bonds 0 Mex. Nat. bonds x44% Do stock 9 Mo.Kan.ifcTex. g.mort. 77 Mutual Un’u Tel. bds. 73 Do stock.. 19 Do scrip stk National Express 100 N.Y. & Scranton Cons. x N. Y. Ch. & St. L. pref. 30 .... (52% 90 9 52.141.590 45.815.75? 10.005.680 are Street: Internat. Imp. Co VyWUi i $10,000,000 was transferred from one account on' the books to another. ’ t $15,000,0C0 in receipts and payments due to a transfer of accounts on the books. Coins.—The Sovereigns Napoleons . 672.029 1,602,505 833,154 1,480,123 117,649 252,240 899,340 215,852 5,947,783 90,322 12,166 320,4081 52,915 on account 590,05 207,051 .... Apr| 308,474 820,919 .. Wab.St.L.& Pac. 1st wk 1,405,095 316,955 686,088 813,582 6,340 313,350 23.952 453,031 27,780 320,056 OregonR.&N.Co'March 410,000 Pennsylvania February.. 3,306,750 3,095,614 Peoria Dec.&E v.14th wk M’h .414,850 2,001,162 1,387,521 09,884 537,338 79,292 89,097 140,000 00,931 Mar.Hough.& O. February.. 525,146 2,530,68 l 1,281,725 87,049 449,110 12,180; 51,791 449,9031 1,053,213 18,215 .... City Tradesmen’s Fulton Chemical Mereh’nts’ Kxch. Gallatin Nation’! Butchers’A D"ov. Mechanics’ ,£ Tr. 2,893,457 3.724,850 728,947 367,100 1,152,014 * New York Manhattan Co... Merchants Mechanics’ Union America Piuenix. 100,324 192,793 4.700,7 62 310,929 1,503,353 2,312,769 .... Houe.E.&W.Tex March Illinois Cen.(Ill.) March Tenders. Jan. 1 to Latest Date Hoads. Week or Mo Net depfs other than U. S. Legal Specie. discounts. 52,9)0,531 quoted at 38 New Bid. Aslud. 13% 83% 97% N. Y. Ch. & St. L. com.. 13% Do 1st. ex J’e,’82,ep 83% North River Const. Co. 95 N. J. Southern 1% Oregon Imp. Co.lstex. 86 (55 68 Oreg. Sh.L.subs.40 p.c.113 Do 1st mortg. bds. 104 Do subs. $10,000 bl’ks ex-bds.. 100 114 Do stock Do stock 23 Ohio Cent. Riv.D. lsts. Do River incomes. 15 Pens. <fc Atlantic stock. 36 Do bds.. Pullman’s P.Carrghts. Rie.tfcAl.&O.Cen. subs. GO per cent paid — 84 Rich. Sc Dan. ex subs.. Do deb. subs.,450. Do G per cent deb Selma Rome Sc D.stock. 3 Do 2d M. stamp. % Do incomes St. Jo. & Pacific 2d M. 25 St. Jo. & West, stock.. 11% . 30” 12 6% 47 11% 82 74 90 100 30 1% 87 Tex.St.L.RR.sb.,40 pd. 85% Tex. &Col. Imp.,30 pd U. S. Electric Light Co. Vieksb. Mer’n eom.st’k Do Do Do ' Premium .3 lsts 2ds 3ds 104% 32 66 22 41 90 88 109% % 3% 1 60 ! 25 90 87 9% 10^ APIUL THE 15, 1862.1 CHRONICLE. has been derived in the earnings from these extensions, work late in"the year.” * * * “The Humeston & Shenandoah Railroad Company has leased its road in perpetuity to the Chicago Burlington & Quincy and Wabash companies, as tenants in common. By this arrange¬ ment, the Wabash Company secures a connection through, and imrest merits upon iND VTATE, CITY AND CORPORATION FINANCES. The Investors’ Supplement contains a complete exhibit of the funded Debt of States and Cities and of the Stocks and Bonds of Railroads and other Companies. It U published on the last Saturday of every other month—viz:, February, April, June, August, October and December, and is furnished without extra charge to all regular subscribers of the Chronicle. Single copies are sold at $2 per copy. ANNUAL REPORTS. Chicago Burlington & ({uincy. {For the year ending December 31,1881.) The animal report gives the following of financial summary condition of the entire property of the company on December 31,1881: Permanent investment in construction $117,527,013 Materials on hand 1,205,189 Amount licltl for acc ount of sinking iiimls in other than our own canceled securities 4,912,352 Cost of investment in Kansas City St. Joseph <fe Council Bluffs, Humestou & Shenandoah, St. Joseph & Des Moines, and other branch road securities, held for the better protection of leases, Ac • Sundry investments, and bills and accounts receivable, over and above bills and accounts payable, aud suspended 10,581,938 26,571 debts $134,343,065 Against which stand: $55,337,446 Capital stock (including those of branch roads) outstanding 59,122,725—$114,460,171 Bonds of all issues Showing cost of property in excess of stock, bonds, and all other liabil ties $19,882,894 surplus of the company on December 31,1881, amounting $19,882,894, was represented thus : This to In bonds for account of sinking funds In construction C. B. cV Q. RR. and branches; B. & M. R. RR. (Iowa) and branches; B. & M. R. ER. in Nebraska and branches, and St. Louis Rock Island & In material and supplies on hand In sundry investments Balance in current book accounts considered Chicago RR... good $8,186,506 3,373,452 1,295,189 5,527,060 1,500,686 $19,882,894 In Illinois and Iowa during the year 75% miles of single main track have been laid with steel rails in place of iron, and 19 miles of steel rails have been laid in new second track, and 25% miles in new side tracks. The total number of miles of steel rails in all tracks east of the Missouri River on December 31, 1881, was 1,160. This includes the whole main line in Illinois and Iowa. NEW BRANCHES. branch roads have been built in Illinois, Iowa Missouri, in whole or in part, as follows : During the and year 1st. The Leon Mt. Ayr & Southwestern Railroad was extended from Bethany to Albany, Missouri, 17 hi miles. 2d. The Clarinda College Springs & Southwestern Railroad, from GlariuJa to the Missouri Slate line, 16 miles. Valley Railroad have been built as follows : 1st. From Hubbell east to Endicott, 23-6 miles. 2d. From Beatrice southwest to Wymote, 12*3 miles. 3d. From Wymore west to Endicott, 27’1 miles. 4th. From Nemaha west to Calvert, .9*6 miles. 5th. From Indianola west to Culbertson, 22d» miles. 6th. Fr<un Table Rock west to Wymore, 38'2 miles. 7tli. There was under construction December 31, 1881, the Denver extension, from Culberison to Denver, 246 miles, of which 77 miles were completed on that date, but not opened for business. It is expected that the line will be opened to Denver by September 1, 1882. 8th. There was under consruettion on December 31, 1881. a part of the eastern division of the Republican Valley Railroad, from Tecumseh to Calvert, 22 miles. “The average length of road operated in 1SS0 was 2,653 miles; while in 1881 the average length was 2,822 miles. It will be observed that, notwithstanding the increased mileage in 1881, the net earnings have decreased $429,917. The gross earnings, however, show an increase of $832,103, and the increase of expenses has been $1,262,020. Of this, about $400,000 may be said to be due to the increase of business, leaving about $850,000 of extraordinary increase in the cost of operation and maintenance for the year, or about $305 per mile of road operated. This is due to increased prices of labor and material, and also largely to the snow blockade of February and March, 1881, and to the extraordinary floods in the Mississippi and Missouri Rivers in both the spring and autumn.” * * * ‘‘Land sales have-not been so large as in previous years, partly owing to the diminishing quantity of land which we have had to offer. Payments on account of land sold have been as we had to expect. “It became apparent in the latter part of the summer that the interests of the company would be promoted by an exten¬ sion of its line to the base of the Rocky Mountains, at Denver, and an addition to the Republican Valley system, in the eastern re ason TjJft of the State of Nebraska. objects into execution was special meeting, held on which the local was begun A plan for carrying these approved by the stockholders at a September 28. Little or no benefit so business of the Humeston & Shenandoah Road is equally divided between the two lessee companies. The con¬ progressing, and it is expected to be open for business by the 1st of July, 1882. Allusion was made in the last report to negotiations, then pending, for the control by this company of certain lines of road connecting with our own. Among these was the Burlington & Southwestern, the lease or purchase of which was authorized at the stockholders’ meeting of September 23 This road was built some years ago, from a point on our Keokuk line, about twenty-five miles south of Burling¬ ton, to Laclede, on the line of the Hannibal & St. Joseph Railroad, 109 miles west of the Mississippi River, at Quincy. In 1880, the parties controlling this property had perfected arrangements for reorganization under the name of the Chicago Burlington & Kansas City Railroad Company, and to extend it about 100 miles to Kansas City ; while, at the same time the Hannibal & St. Joseph Railroad Company was engaged in pro¬ moting the construction of a, new railroad from Qujncy to Chicago. With the object of stopping for the present the con¬ struction of both these lines, and of strengthening our own position relative to Kansas City and the Southwest, it seemed to your directors desirable to get control of this Burlington & Southwestern Railroad. This has cow been practically effected upon satisfactory terms, although no formal transfer has yet taken place. “Arrangements have also been perfected during the year for the control by this company of the St. Joseph & Des* Moines Railroad, a narrow-gauge railroad fifty miles in length, ex¬ tending from St. Joseph, Mo., to Albany, in the same State, where connection is made with our Leon Mount Ayr and South¬ western branch. Ultimately the gauge of the St. Joseph & Des Moines Road will be changed, giving us a new through line to St. Joseph. We have also to report an agreement for the lease to this company, subject to the approval of ourst' ckholders, of the St. Louis Keokuk & Northwestern Road, extending from Mount Pleasant, Iowa, on the north, through Keokuk Hannibal & Louisiana, on the Mississippi River, to Dardenne, where it joins the Wabash Railway, about 30 miles from St. Louis, using the Wabash track thence into the city. We have bought most of struction of this road is “ “ the securities of this company. “The three last-named roaas and the Kansas City St. Joseph &, Council Bluffs Road continue for the present to be operated as separate organizations, and their earnings, expenses and mileage are not included in this report. The results of their opera'ion would not materially affect the figures given herein.” The report of the Land Commissioner shows that the net result of sales in Iowa was 23,084 acres for $279,902, and in Nebraska, 96,467 acies, for $440,856. The comparative statement below, compiled for the ChroN-' icle, presents a very complete exhibit o: this company’s opera-, tions and condition in the past four years; HOAD AND Grading partly done; will probably be completed May 1, 1882. 2d. The Joliet Rockford cVi Northern Railroad, from Sheridan to Paw Paw, Illinois, 24 miles. Grading partly done; will probab y be com¬ pleted July 1,1882. In Nebraska, during the year, extensions of the Republican large as 133 Miles owned and leased, Miles operated jointly.. Total operated Locomotives Pass.. mail & exp. cars. Freight cars All other cars 1878. 1.604 105 EQUIPMENT. 1879. . . 1880. 1881. 1,760 2,675 2,826 97 97 98 1,709 1,857 2,772 2,924 341 201 374 210 441 273 9,119 1,011 10,827 1,044 14,731 1,500 484 297 16.903 1,649 FISCAL RESULTS. 1878. $ 2,439.180 Earnings— 1881. 10,054,197 903,641 earnings. 14,119,665 14,817,105 20,492,047 21,324,150 $ Operating expenses— Mainten’ce of way, Ac. 2.122,388 Maintea’ce of ecjuipm’t. 1,348,534 Transportat’n expenses 3,975.698 Miscellaneous 86,515 •$ 1,752,278 1,488,008 3,927,649 60,227 7 228,222 earnings op’g exp. to c’n’gs $ 2,528.019 1,632.416 $ 584.075 5,144,338 1,841,937 8,003,369 58,131 144,976 6,586,530 7,588,883 9,362,904 11,129,143 10,574,357 10,749,793 53-35 48-74 45-69 49-58 Total P.c. of •$ 3,534.209 $ 3,616,086 16,595,819 1,112,245 Freight Mail, express, Ac Net 1880. $ 2,566,0.>2 11,152.179 11.650,623 528,306 599,831 Passenger Total gross 1879. INCOME ACCOUNT. 1878. Net earnings Net B. & M. land grant Total income Disbursements— Rentals paid Interest on debt.....L-. Taxes...- $ 6,586,530 7,588,SS3 7,5S8,8S3 $ 155,695 2,155,972 $ *603,437 2,212,827 sinking fund. 223,313 Accounts written off Transf’d to renewal f’nd 1880. $ 6,586,530 Dividends) Carried to 1879. _ 1881. $ 11,129.1 13 899,315 $ 10,749,793 12,028,45b $ 11,920,230 $ 310,668 3,430,454 203,006 1,170,437 179,093 2,110,938 3,282,718 328,844 3,081,985 230,493 4,360,064 563,385 492,154 4,349,286 687,246 441,500 423,085 1,000,000 1,000,000 1,250,000 1,000,000 Total disbursements.... 6,351.244 7,354,438 10,106,763 10,269,808 235,286 234,415 1,921,695 1,650,422 Balance, surplus * Including $264,456 Lu taxes of 1873 and 1875. t In.1878, 8 per cent; in 1879, 8; in 1880, 9]4; in 1881, 8. . GENERAL BALANCE AT CLOSE OF 1878. 1879. EACH FISCAL TEAR. 1881. 1880. Railroad, build’ga, &o.54,840,462 58,112,329 10,305,749 11,131,683 Equipment Stocks owned, cost Bill & accts. receivable 1,806.796 Materials, fuel, &c 524,796 Cash on hand 172,491 Trustees I’d gr. 1,348,559 Trustees C.B.& Q. s.f’d 1,067,889 1,304,710 753,589 529,661 1,695,842 1,273,415 70,066,742 74,801,229 $ $ Liabilities— Stock, common Btoek, B. «fc M Stock, Republican Vnl 27,822,610 30,883,600 134,206 120,850 27,270,225 29,000 Sinking funds 2,651,825 2,963,086 Contingent liabilities. 3,819.000 3,233,000 Band grant sink, fund 1,749,229 2,164 015 B’nds (see.Suri,LEM’T).27,053,725 Bills payable 81,205 Income account Renewal fund Miscellaneous Profit and loss 4,181,818 1,000,000 1,462,285 4,416,263 2.000,000 1,644,582 105,839 76,602 70,066,742 74,801,229 Total 2,641,433 1,295,190 1,781,127 3,520,158 2,074,740 1,605,278 2,223,110 1,284,007 560,207 2,440,237 1,631,407 840,708 125,404,356 138,739,054 $ $ 52,773,940 55,263.790 74,256 73,657 1,565,000 44,093,925 51,927,725 Interest Chicago Interest loans 4,766,661 10,324,800 2.790,370 1119,419 3,250,000 2.604,701 3,738,207 7.195,000 The above 10.144 & Grand Trunk sum 1880. £13,032 10,121 10,050 18.145 : r. .. £339.682 £107.722 • 67G7-- 73 52 of £18,145 received for interest on capital tem¬ porarily employed includes interest on debts owing to the com¬ pany, and on temporary advances on account of subsidiary lines. In the corresponding half-year a sum of £10,056 was received, and deducted from the charge for the interest on de¬ benture stock, as it had principally use of the funds raised by an issue The passengers arisen from the temporary of that stock. and freight carried were as follows 1881. Tens freight carried Average receipt per passenger Average receipt per ton 3,419,844 1,769,837 4,250,000 *5,381,174 4,691,366 Interest on t This account was reduced by the issue of $6,218,539 of stock. ♦ Includes subscription under circular of Sept. 15, 1881, $1,973,750; unpaid accounts and vouchers, $1,513,250; unpaid rentals and pay-rolls, $606,999, local aid and voluntary contributions, $1,244,311, &c., Ac. 68 115(1. : £339,632 £99,362 25,001 etc equipment bonds 84,415— Rents 125,404,356 138,739.054 1880. 1,185.084 1,629,035 61 d. 89%d. The income account was as follows Net receipts, as above Interest on perpetual debentures, : 1,428,647 " 1,84 9.81 9 Passengers carried Bluffs and other securities, held to protect leases, Kan. C. St. Jo. & C. 1881. £14.467 Total Per cent of expenses llG.OOO 3,953,735 [Vol. XXXIV. Interest International Bridge— 1109,596,188 117,527,014 4,540,668 *10,581,938 NVEng.Tr.Co., trustees Total $ $ $ $ Assets— * CHRONICLE. THE 434 208.778 £130,904 Surplus 8,123 Balance, July 1 Total Dividends. 2^ per cent on first and second preference £139,027 stock, 138.529 paid April 8 Balance January 1 £498 : Allegheny Talley. The net revenue charges, less interest on investments shown (For the year ending December 31,1881.) above, were £166,022, against £185,277—a decrease of £19,255. The annual report of President John Scott makes a compara¬ The report says: “ The decrease in the gross receipts has been tively good showing for last year. There has been a net caused by the continuance during the half-year of serious com¬ increase in the bonded debt during 1881 of $500,700. Besides petition among the trunk lines in the United States. The fares the deficit in the payment of interest charges, there was an for through passengers were also very much reduced, though instalment of $100,000 principal’of the second mortgage lowdie greater number carried, namely, 243,558, increased the grade division bonds held by the State of Pennsylvania that receipts from that traffic by £46,632. On the other hand, the provided for, and a construction account of $38,092— merchandise traffic, with an increase of ’220,774 tons, showed a a total of $921,288. This little sum was provided for by the decrease of £90,415. The working expenses were increased by payment of $393,000 in income bonds to tire contributing com¬ —(1) the additional work performed in the carriage of a greater panies under the contract of October 2, 1874, and the same number of passengers and tons of freight; (2) the maintenance securities wTere issued to individuals in payment of interest on and working of 144/6 miles of additional railway in excess of bonds, makiug a total payment of $551,700, and leaving a bal¬ rhe corresponding period of 1880, and (3) an increase in the ance yet to be provided for of $372,588. This is accounted for orice of commodities and the rate of wages. The proportion by the increase in liabilities, especially the coupons of the low- wrhich the working expenses bear to the gross receipts has been grade first-mortgage bonds held by the Pennsylvania Railroad increased principally by the great reduction in the half-year in under its guarantee. The Pennsylvania, the Northern Central 5he rates obtained by way of remuneration for the work done; and the Philadelphia & Erie railroads contributed, under the and it must be remembered that the revenue account includes contract of October 2, 1874, a total of $66,274 during the year, the net amounts only received on account cf the 144/6 miles of being $16,091 more than for 1880. But the amount is insuffi¬ additional railway above referred to, after deducting from the cient by $149,657 to pay the interest on income bonds held by gross receipts the amount required to meet the traffic agree¬ individuals, which are payable in cash from such contributions. ments with those railways. The amount charged against 1880. 1881. capital account during the half-year was £1,880,661. The Total miles operated 259 259 principal item, the £1,781,121, represents discount and expenses AND EARNINGS EXPENSES. on The issue of £2,407,867 of ordinary stock, at 26 per cent, less $ $ 4S2.060 the premiums received on the sale of debenture stock during rassenger • 440,430 Freight.. 1,419814 1,626,892 the half-year. There has been expended £39,652 on new rolling had to be . Total gross earnings Operating expenses, including taxes Net 60,835 59,285 Mail, express, <fce . earnings 1,919,529 1,0S7,220 2,169,787 1,265,114 832,303 904,673 1880. $ 1881. $ INCOME ACCOUNT. Not earnings Disburse.men ts— Interest oil debt Paid on low-grade . 904,673 1,651,835 25,8 46 1,690,860 100,000 38,092 1,677,681 815,378 1,828,961 924,288 bonds Construction... Total disbursements Balance, deficit* * 832,303 In 1880 income bonds and scrip to the amount of $505,519 were Issued to meet the deficit, leaving the balance of deficit for that year $339,861; in 1881, $551,700 of bonds were issued, leaving the balance of deficit in that year $372,588. The total to debit of profit and loss Dec. 31, 1*81, was $6,151,942. GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR. Assets— Railroad, buildings, equipment, &e Available asset* Unavailable assets Debit of profit and loss Total 1880. 18S1. $ 24,011,447 350,719 $ ■ 21,049,540 5,370,851 30,203,356 $ 2,166,500 Liabilities— Stock, common Funded debt prior to incomes (see Supplement) 17,000,000 Income bonds <Guaranteed coupons Interest accrued 495,109 450467 30,203,356 31,102,133 7,571,000 Total liabilities 31,102,138 $' 2,166.500 16.900,01)0 8,171,700 2,920,200 488,564 455,114 held by Pennsylvania RR. 2,520,280 Miscellaneous 411,220 489,436 6,151,942 470.339 Grand Trunk (of Canada.) {For the half-year ending December 31,1881.) is This company issues a semi-annual report, and the following an abstract of that recently published for the six months ending December 31, 1881. The earnings, etc., for the half-year ~ a Expenses Net earnings were as follows 1981. 824,306 £296,926 stock and £66,500 on new works, including £35,000 sidings and double tracks.” on new « GENERAL INVESTMENT NEWS. heard April 8, in upon the injunction asked for by E. C. Knight and others to restrain this company from increasing its capital stock. The court denied the application, and said that the Court in Chancery of the Central of New Jersey.—Argument was the United States Circuit Court at Philadelphia, Jersey had already issued a permanent injunction restraining the directors from any further issue of stock with¬ out the consent of the Chancellor. In the opinion of both State of New judges the stook could not legally be issued under the act of the Legislature, but as the officers of the Jersey Central Com¬ pany made affidavit that they would not issue the stock, the Court held that there was no* such immediate danger of this issue as made a continuance of the injunction necessary. The application of Mr. Knight was left open, however, to be con¬ sidered at any time that peril might arise. Receiver Little said that the new stock was not likely to be issued. He said also that his report was all ready and would be submitted to the Chancellor before being filed. The report would not be extensive, giving merely the valuation of the property, amount of assets and liabilities, and a brief mention of the condition of branch lines. E. C. Knight and other members of the Gowen party applied to the Chancellor for an election of directors on May 5, the regular day for the annual meeting, The press dispatch says the Chancellor has granted an order per¬ mitting the directors of the Central Railroad of New Jersey to take the necessary steps for an election of directors by the stock¬ holders of the company. The application was not contested by the counsel for the railroad, but the order was made by a mu¬ tual agreement between counsel. The following circular has been issued to the stockholders “To the Stockholders of the Central Railroad Company of New Jersey: In view of the approaching annual ejection of the company, which should take place, according to the charter, on the ota of M^y, we, the undersigned, representing large the srock of the company, desire to call your attention to “ interests ia : 1880. 783,894 £374,513 of electing such a board of directors as the independence of the company as an .highway for all the traffic which may be thrown upon it. necessity preserve ope 11 April 15, THE CHRONICLE. 1882 ] believed that efforts have been made to secure a management which would interfere with the friendly relations now existing ■between the company and the Philadelphia & Reading Railroad Company and the Baltimore & Ohio Railroad Company, which of all corporations are likely in the future to throw the great¬ est traffic upon the lines of the Central Railroad of New Jersey. The Philadelphia & Reading Railroad connects with the Central Railroad of New Jersey at four several points, and the former ■company is not the owner of any rival lines whatever, whereas almost all of the other companies which have been spoken of as likely to be identified with the management of the Central Railroad Company of New Jersey are owners of rival or opposi¬ tion lines. The gross earnings derived in cash by the Central Railroad Company of New Jersey from the interchange of local business with the Philadelphia & Reading Railroad Company last year amounted to $1,133,000, a very large proportion of which was profit” * * * * Hr. H. S. Little, the present receiver of the company, has by letter under date of March 31, consented to act as president of the company, and we advocate the retention as vice-presi¬ dent of Colonel John Kean, who has been so long connected with the corporation. To make up the remaining seven direct¬ ors, four will be named who may be considered as representing those friendly to the interchange of traffic with the companies above referred to, and we have suggested that the remaining three shall be selected by Mr. Little and Mr. Kean after consul¬ tation with the other large shareholders of the company. Shareholders who are in favor of maintaining the independence of the company as a separate organization, working in har¬ mony with the interests above referred to, and at all times open to receive traffic from all sources, will kindly sign the proxy here¬ with sent and remit it in the enclosed stamped envelope to Mr. Knight. The fact that another proxy may heretofore have been signed will not interfere with the validity of the enclosed, which upon execution revokes any prior proxy. “Edward Clark, George R. McKenzie,"Edward C. Knight, A. G. Richey, Sidney Shepard, Robert Garrett, John Kean, Jr., F. A. Comly, Franklin B. Gowen, William F. Proctor, “ W. H. Stevenson, James R. Keene. April 4, 1882.” “ Cleveland Columbus Cincinnati & 435 scribe for that amount, each subscriber under said circular being entitled to subscribe for the same number of blocks which he now holds under circular No. 1. After payment of the first ten per cent, no fur¬ ther c alls will he made until the subscription under circular No. 2 Is exhausted, which will probably bo about Sept. 1, 1882. [PROPOSAL. 1 For $4,750 in cash, payable 10 per cent iu ten days from date of acceptance, and the balance as the same may l>c called, but not more than fifteen (15) per cent iu any one month, the company will deliver to the subscribers forty shares of the capital stock at its par valuo of $100 per share, $5,000 in its thirty-year 7 per cent first mortgage bonds, and $1,000 in ibs income bonds. To enable the company to negotiate its securities in Europe and Mexico, the right is reserved until Oct. 15, 1882, to take from the subscribers ratably any part or tho whole of the first mortgage bonds, and also stock to an amount equal to fifty per cent of the bonds so taken; and, in such ease, the subscribers will bo repaid the money paid by them with interest at 5 per cent, and shall receive $1,000 in income bonds and $1,500 in stock for each block of subscription so withdrawn. Ail subscriptions must be made in sums of $4,750, or multiples thereof, and must be received at this office on or before (date not yet fixed ) Any amount remaining uutakeu will be disposed of as the directors may think for the interest of the company. Thom vs Nickerson, President. New York Stock Exchange.—The governors of the Stock Exchange have admitted to dealings at the Board the following securities : New York Lake Erie & Western Railroad, Company.— Prior lien bonds, $2,500,000, bearing interest at 6 per cent and due December 1, 1908. The bonds in order of priority come between the first consolidated 7s and the second consolidated 6s of the company. Richmond & Danville Railroad Company.— Debenture 6 cent accumulative bonds, secured by mortgage, and due per April, 1927, $4,000,000. Long Island Railroad Company.—First consolidated mort¬ gage 5 per cent bonds, due July 1, 1931, $5,000,000. Oregon Short-Line Railroad Company.—First mortgage 6 per cent bonds, due February, 1922, issued upon sixty-eight miles of completed road, $2,500,000. Wabash St. Louis & Pacific Railroad Company.—The remainder of the authorized amount of general mortgage bonds, $2,000,000. Ohio & Mississippi.—At the meeting of stockholders at Flora, Ill., April 8, 192,620 shares of stock were represented by and were voted, out of a total of 240,30). Two-thirds of the total stock were required to ratify the resolution of the directors at the Cincinnati meeting, last October, to create a new first mortgage of $16,000,000 5 per cent bonds, proxy Indianapolis.—At the annual meeting of this railway William H. Vanderbilt, C. Van¬ derbilt, Augustus Schell and James IL Rutter of New York, and Amos Townsend, were elected directors in place of H. J. fifty having The action of the directors was unani¬ ratified. Three millions of the sixteen millions will be extinguish over-due debts, and the other thirteen mil¬ years to run. Jewett, H. B Hurlbut, James R. Keene, Walton Ferguson and mously Amos Townsend, whose terms have expired. The board of used to directors organized by re-electing last year’s officers, namely : lions will be used to take up the present bonds as they fall due. Gen. J. H. Devereaux, President, and*E. B. Thomas, General A resolution was passed to leave the road in the hands of the receiver till the annual meeting next October. Manager. Connotton Valley.—The Boston Transcript says : “ Out Richmond & Danville.—A statement of the financial con¬ of $4,700,000 of Connotton Valley Railroad dition of the Richmond & Danville Rai road, based upon the Company bonds and Connotton Valley & Straitsville Railroad Company last annual report and the operations of the first quarter of bonds, more than $2,700,000 have been subscribed to the reor¬ the current fiscal year, is as follows : The bonded indebtedness ganization plans. Of this number, however, $1,292,000 repre¬ of the company at date of last report, September 30, 1881, was sents Connotton Valley bonds, $948,000 Straitsville bonds, and stated at $4,311,100. the balance represents subscribers to the new plan, which also Year’s net earnings over operating expenses $994,371 proposes that the Straitsville bondholders bear the burden of The annual fixed charges, interest and rentals in all were 5S2.496 the assessment, but receive in return something more than the first plan proposed ; many of those who subscribed to the old Surplus applicable to dividends $411,873 plan are also signing the new, but in the above enumeration For the quarter ending December 31, 1881, tho only those who subscribe to the new plan alone are counted in net earnings were $540,401 For corresponding quarter of last year 302.810 making up the total of assenting bondholders.” Net increase for three months Indianapolis & St. Louis.—At Indianapolis, April 7, H. B. $237,591 Hurlburt, trustee of the second and third mortgages of the From the above net earnings, viz.: $510,401 Indianapolis & St. Louis Railway Company, filed in the U. S. Deduct the quarterly fixed charges (interest and rentals) 305,130 Conrt a bill for the foreclosure of these mortgages and the sale of the road; also asking for the appointment of a re¬ Leaving surplus for three months. $235,271 ceiver pending the litigation. The second $157,381 mortgage is for Correspond ng three months of last year $1,000,000, dated Oct. 1,1870—the bonds running for 31 years, Net increase of surplus for the three months $77,890 but by reason of a failure to pay interest they have all become dne. Mexicm Central.—Circular No. board of directors as 3 ha3 been issued follows: Mexican Central Railway by the insufficient equipment, due to the failure of contractors to furuisli Company, \ Limited, Boston, April 12, 1882. > Circular No. 3. This company lias constructed 218 miles of its main line from the pty of Mexico north, and 136 miles from Paso del Norte south, and twenty miles on the Tampico line. Total amount of road constructed to date, 374 miles. The total interest on bonds issued and to be issued . AfV6 i,u‘ludiug coupons due Jan. 1, 1883, will Alteryear' a careful amount to $991,935. examination of the earnings of the road, as far as reported, aud the estimates of General Manager Fink end General superintendent Anthony, together with the information obtained from other sources, I estimate the gross earniugs of the road for the year 18S2, exclusive of earnings on company’s materials, at $1,798,584; deductiug CO per cent for operating expenses (the company paying no taxes), the net company has earniugs applicable to interest will be $719,434. The reserved in the treasury $2,000 of the first mortgage Donds and $2,000 of the stock per mile, which may bo applied to the payment of interest during construe!ion if required. When the main will amount to $5,800,000 of and $2,500,000 of s»ock. The gross earnings on the aivismn of the road from the City of Mexico north have been up to date $200,000, exclusive of company material. The amouut ah 8, )^1-ay r-^e company on the line already constructed is aDout $5.500.000. and certificates are now beiug delivered as fast as THa Ca?i ,cxecutcd. The ca-di collected on subsidy to date is $97,500. collGcti°n was principally made at Vera Cruz, no reports haviug «nXn ^?Cf‘lve(l from more distant custom houses. Basing our estimate riri.rKv e-amouut °* duties paid into the several custom houses of the year 1881» the company expects to collect in cash the ftnnof1 $^00,000 (luring the present year. The hoard have resolved to •ue main line as fast as possible, and hope to complete the fnrt«o-.urin7 tke year 1883; and, to justify them in making contracts IiAtq 1,1 season, so that the work shall not be interrupted, they Vai9e the sum of $6,032,500, and they, now offer to subanrn,Ji2clde^to noers, under circular No. 1, or their assjgus, the first right to sub.18 norms constructed, this reserve The official circular says : This result was attained notwithstanding the unusually short cotton and tobacco crops along the entire lmes.in the- system, and iu spite of “ new rolling-stock in time to provide for the largely-increased business of the roads during the fall months. New equipment is now, however, arriv¬ ing freely, the company having added to its equipment (nearly all received since December 1) as follows: Say, 656 freight cars and 27 locomotives. The effect was at once shown in increased earnings. “ In addition to the surplus from the earnings of tho company’s roads, large profit has been derived from the sale of its Virginia Midland rights, amounting to over $285,009, equivalent to seven per cent on the capital stock, out of which was added to the usual quarterly dividend of two per cent, paid February the 15th, an extra cash dividend for the quarter of one per cent. In addition to the cash dividends, there haa been issued to stockholders tho right to subscribe for six per cent debenture bonds of tho Richmond <fc Danville Company in the same amount as the amount of the capital stock held by each stockholder at the price of 45 cents on the dollar. The full subscription has been taken, aud ten per cent already paid, fhe first semi-annual interest payment of three per cent, say $120,000, being payable October 1 next. The present surplus earnings would warrant a larger annual dividend than eight per cent, but the policy of the company has been to expend a large portion of the surplus earnings iu acquiring additional equip¬ ment and in improving the properties, as well as strengthening tha sinking fund of the company. “The control by this company of roads aggregating over two thousand and fifty (2,050) miles is represented by a stock capital of but $1,000,000'* A trust fund of shares, aggregating over 51 per cent of the capital, haq been placed with the Central Trust Company to insure control under the present management for a term of years. The stock so deposited with the Central Trust Company is subject only to an agreement touching vot ng power, and is liable to no claim or lieu whatever, nor has the the said trust company loaned any money or credit on account of this agreement or trust. The number of shares of the stock thus as above left in the hands of the public for purchases aud sales in the mar¬ ket is less than 20,000, that is, less than $2,000,000. A statement assets and liabilities shows total assets (as of September 30, 1981) ©▼•tr « all liabilities of $3,351,410." t THE CHRONICLE. 436 [Tgl. XXXIV. COTTON. Sglxc (Eonxwrrcial jinxes. COMMERCIAL Friday, P, M., EPITOME. April 14,1882. The weather has been unseasonably cold during the past ^ej^—indeed, quite wintry, severe frosts having injured fruits in middle latitudes, snow having fallen throughout the Northern and Western States, doing some damage, it was re¬ ported, to winter wheat, and giving fresh impulse to the specu¬ lation for higher prices in breadstulfs. Trade is improving, but has suffered during the week from bad weather, and the feeling in commercial circles shows an absence of that buoyancy which has so long been apparent. The conviction is gaining ground that the full effects of the drought of last season upon crops, and through them upon values and general business, are but just beginning to be revealed. Lard has shown marked advances during the past week, the result of a general covering of the large “short” interest and heavier speculative buyings for “ long ” account in Chicago. Other provisions have sympathized, though trade has been only moderate. Old mess pork on the spot was quoted to-day at $17 and new at $18 ; April options quoted at $17 40@17 65 ; May, $17 60@17 80 ; June, $17 75@$18. Bacon was strong at 10^c. for long and 10'Mc. for short clear. Lard was easier early to-day, but closed better at ll,52^^11‘55c. for prime Western on the spot; May options realized ll,52^@ll,55c ; June, ll-57^@ll-65c.; July, ll-67^@ll-72;h2C.; August, 11*7736 -@ll*80c.; September, 11 •85@11,87/2C.; seller the year, lT40c.; refined to the Continent, Il*55c. Beef quiet at $25@$27 for extra Friday Night, India mess; packet quoted firm at $22@$22 50. Butter mles, against 44,467 bales last week, 54,035 bales the previous 61,916 bales three weeks since; making the total week and receipts since the 1st of September, 1881, 4,388,336 bales, against 5,242,901 bales for the same period of 1880-81, showing a decrease since September 1,1881 of 854,565 bales very Mon. Sat. Receipts at— Indianola, Ac. Mobile 203 447 53 6 169 213 49 49 369 715 559 358 332 329 2,662 .... .... FlOfidn, Savannah Bruiisw’k, Ac. Charleston free Pt. Royal, &c. .... .... .... .... 237 318 553 310 835 14 27 .... 26 Wilmington Moreli’dC.,Ac .... 946 Norfolk City Point,&c. Hags. 104,807 212,744 362,291 936,645 Refined sugar met with a pretty good demand until to-day, when the trade fell off noticeably, and prices declined slightly ; crushed closed at 10%c., powdered at 10}4(2)10%c., and granu¬ lated at 10c., these, however, showing an advance compared with last week. .... .... 268 182 .... i 576 510 . . . .... .... 484 533 • 144 48 565 61 61 935 4,034 2,178 1,609 3,335 2,178 .... .... .... 57S 503 122 126 643 564 649 235 607 587 .... .... .... .... Pliiladelp’a, &o. 469 576 2,131 Totals this week 4,170 7,387 6,990 Boston . 141 .... Baltimore • 2,354 280 New York • 71 .... .... .... .... 443 343 322 4,284 3,791 3,592 7,299 33.229 .... 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 year. 1880-81. 1881-82. Receipts to April 14. Galveston This Since Sep. This Week. 1, 1881. Week. 4,912 402,329 8 13,523 New Orleans... 5,913 1,132,928 Mobile 1,121 247,920 49 26,978 Florida Savannah 2,662 Bruusw’k, Ac Charleston 2,354 Pt. Royal, &c. 144 Wilmington.... M’head C., Ac 565 61 Norfolk 4,034 2,178 1,609 City Point, Ac ..... Boston 7,645 6,851 8 5,913 1,121 9S9 New York 23,458 4,912 8 440 refining. 15.395 36,368 1,209 709 Rio coffee has been quiet, and to-day was depressed at 9^@ 9%c. for fair cargoes; mild grades have been dull and without marked change. Rice has been steady, but Southern now sells rather slowly, buyers being more inclined to purchase Rangoon at the difference in cost. Molasses has been firm and refining stock very active on the basis of 30c. for 50-degrees test, to arrive, cost and freight, or 40c. on the spot. Spices have been dull. Tea has been steady or strong for most kinds, but Japan has declined. Foreign dried fruits have been quiet as a rule, but large speculative transactions in Turkish prunes have taken place at an advance to 7c., the movement being based on Boxes. .... 670 Indianola,&c. 27,942 134 .... 2,812 ll%c. Hhds. 679 Total. 293 Cheese is firm for the fancy grades ; fair to prime factory, 9@10/£c.; choice to fancy, 12/2@ @13/£c. Tallow rules very firm at 8c. Stearine held at Receipts since April 1 Bales since April 1 Stock April 12. 1882 Stock April 13, 1881 .... Fri. urs. New Orleans... receipts and cautious buying. has advanced to 7/£c. for fair 1,105 .... .... Th Wed. TueS. 801 984 Galveston at $14 50@$15. Beef hams quiet but has rapidly declined under April 14, 1882. The Movement op the Crop, as indicated by our telegrams from the South to-night, is given below. For the week ending his evening (April 14), the total receipts have reached 33.229 Baltimore 3,335 .. •••••• .. 4.284 Pliiladelp’a,Ac. Stock. Since Sep. 1, 1880. 614,949 14,771 19,175 1,424,041 3,489 364,450 1882. 7,333 1881. 33,569 85,122 103 698,304 6,964 477,030 23,067 132,866 26,047 573,438 182,133 150,463 191,949 14,096 68,301 47 20,218 4,S35 815,106 4,830 588,901 49,004 113,550 29,485 647,961 201,562 137,565 139,145 28,814 5,045 136 , 266 135 ' 8,021 842 • • • • 194.881 251,416 21,431 27,638 5,OHO 39,001 30,3)15 23,192 27,297 1,178 4,020 3,624 ...... 18,417 30,283 47,943 324,244 194,444 9,910 9,630 27,915 11,353 15,925 11,097 66,579 5,242.901 724,741 680,247 8,383 4,279 2,296 2,144 Total 33,229 4,368,336 In order that comparison may be made with other years, we totals at leading ports tor six seasons. give below the 1881. 1882. Receipts at— Galvest’n.Ac. . 1880. 4,181 7,436 4,920 1877. 1878. 1879. 2,625 1,148 3,891 8,319 9,328 10,190 Kentucky tobacco has again been quiet. The sales for the New Orleans. 15,343 5,913 19,175 577 week are only 425 hlids., of which 350 for export and 75 for Mobile 2,309 3,153 2,302 3,489 1,121 home consumption. Prices are as last quoted: Lugs, 6/£@8c., Savannah.... 1,450 3,495 2.662 3,693 4.1-1* 4,335 and leaf, 8/£@14/£c. 1,550 Seed leaf has been in rather better Chari’s t’n, Ac 1.012 1,936 2,810 5,181 2,493 162 761 demand, and sales for the week are 1,475 cases, all from the Wilm’gt’n, Ac 902 626 401 4S7 1,817 crop of 1880, as follows: 925 cases Ohio fillers 4@4/£c., as¬ 9,635 5,683 8,863 5,056 Norfolk, Ac.. 6,212 sorted 5%@6>jc. and wrappers 9@13/£c.; 250 cases Pennsyl¬ All others.... 2.657 9.297 9,013 5,407 17,149 9.277 vania fillers 6@6/£c. and assorted 9@14c.; 100 cases New Eng¬ 18,010 Tot. this w’k. 38,910 39,016 40,187 66,579 33,229 land wrappers 13/£@35c.; 100 cases state, private terms, and 100 cases Wisconsin Havana seed binders and wrappers S@12>2C. Since Sept. 1. 4363.336 5242,901 4571,295 1258,541 4013,751 3796,429 Also, 500 bales Havana SSc.@$l 25. a/UiUieoiw.i i «itw i iuia± 7 Naval stores have been quieter and a natural reaction to the Wilmivgton includes Morelicad City. Ac.; Norfolk includes City Point. &c» late sharp advances has taken place. Spirits turpentine is now The exports for the week ending this evening reach a total quoted on the .spot at 59@60c., and selling for delivery next of 97,778 bales, of which 84,965 were to Great Britain, 5,40(5 to week at 57@57^c. Strained rosin was dull at $2 47>j. Refined France and 7,407 to rest of the Continent, while the stocks as petroleum for export has been firm and fairly active at 7%c Crude certificates were firmer at the close, selling at 79^@ made up this evening are now 724,741 bales. Below are the 80%c.; May options, 80/£c.; June, 82^0.; July, 84/£e. Ingot exports for the week and since September 1. 1881. * . yjrckx v oe copper at one 18/|c. time sold at 18c. for Lake, but closed steadier a > American and Scotch pig irons are dull and almost nominal, with prices for the latter weak. Wool is still very dull and quotations are unsettled and very unsatisfactory to the holding interest. Hops are at a standstill and nominal in value. Ocean ili'jiuue!') freight room has continued very quiet, and rates for berth tonnage show further declines and much irregularity Charter-room has met with some inquiry from the petroleum trade, particularly for vessels to the East Indies. Grain to Liver pool, by steam, to-day was quoted at %d.; flour in sacks, 2s. 6d Grain London, by steam, quoted >i@id.; peas taken at l/6d.; oi take at 7s. Gd. Grain to Glasgow, by steam, quoted %d.; do to Hull, by steam, Id.; do. to Antwerp, l/£d. Naphtha, to Cork for orders was taken at 3s. 10)£d.; do. to London, 3s. Refined etrdeum to Tromsoe, 4s.; do. from Philadelphia to Rotterdam 8. 3d.; do. in cases hence to Java, 31@32c.; do to Singapore Exports from— Galveston New Orleans.. Mobile Great BriCn. France Conti- Total runt. Week. 200 6,251 3,35'} 30,85'> 6.051 28 005 4,592 2,704 2,704 Florida Savannah Charleston *... 8,173 1.618 , , 8,’73 1,018 Wilmington... cotton, 5-32d.; bacon and lard, 5s.@7s. Gd.; cheese, 10s. Norfolk New York.... , Week Ending April 14. Exported to— to 30c. iimiitmuu 7.310 7.310 11,731 814 1,7;8 Boston Baltimore.... 2,123 5,605 5,900 Total... 84,035 5,400 7,407 Total 1880-81 40,083! 18,018 33,491 11,273 6,'.<65 7,728 5,900 Exported to— Great Britain. France i.=58,791 15,145 558,274 207,VOS 2f5,2il 3,!J00 6,313 134,1 A1 21,00; 151.001 53,584 20,47i 1,430 284,158 801.82’ 2,5.80 21,610 *includee exports from Port Koval, &c Total. nent. 59,203 198,863 3,231 161,141 125,034 8,819 15,810 55,4i7 4 117.307 31,567 (51,418 200 52,806 97,778 1,004,240 293,69# 92.492; Conti¬ 472,633 233,144 033,745 35,755 3,900 319.270 297,167 63,833 302,578 378,917 117,401 97,985 53,096 2360,79! L683.650 THE 15,1882.J April CHRONICLE. addition to above exports, our telegrams to-night also give Qg the following amounts of cotton on shipboard, not cleared, at In the OB OQ H * g ST ® pL aa ® o We add similar figures for New York, which prepared for our special use by Messrs Carey, Yale & ports named. are ts* ® ® P QB - I3|| mi M® ® © P ® * 03 7**3 Street. Lambert. 60 Beaver 437 ^£•7* . S3 M-* ; ©£> g.® ® ® or? M April 14, at— Great Britain. Other ® " flD V, B-® ®-® o2.£.g P ® P . . *0 O P k. SS-S > 5: -s Leaving Coast¬ wise. Foreign ® p t3*® O p*&7 _; Shipboard, not cleared—for France. ® M 00 C3 'Pop •-i On ml 1111 » 07®* Stock. Total. <gi CO m Ip »-• 00 9 * 15.050 8,000 3,050 4.500 10,512 New Orleans... Mobile Charleston .... Savannah Galveston New 56,509 Total Total 1*881 Total 1880 75,291 67,038 ..... 1,800 614 None. 70 800 820 None. None. None. 12,300 11,946 9,397 3,870 3,300 None. None, None. None. None. 300 None. None. 3.500 2.500 York Other ports 6,000 10,222 9.397 Norfolk 36,187 8,000 1,500 50 None. 250 10,865 11,165 19,206 2,920 13,751 10,398 41,736 20,997 7,966 1,772 | 4,800 " 89,800 138,741 100,205 tv 158,694 13,431 18,392 26,701 21,623 20,886 320,374 54,840 634,941 541,503 584,238 speculation in futures opened very dull on Monday owing to the absence of advices from English markets, The last, there which remained closed for Easter; yet the ing, owing to opening dull a was a firmer feel¬ very small receipts at the ports. was followed by considerable speculative Ski *- 45,60 Iregula. l-53@1289 132,80 Varible 05 C5 o* o o »—* *—« to t o CO *-» o decline, in sympathy with < foreign advices, but the close was nearly up to the values Tuesday. Yesterday there was a dull opening, but after we a hardening market, owing to the remarkable shrinkag< receipts at the ports. To-day the market was variable, a the final close at a slight advance for tliis crop. Cotton on 1 ©*• o O to CO H* spot has been in some request for home consumption, but o demands were quiet. Quotations were advanced l-16c. c 3 Sat. April 14 QrdiiTy.$ft ; 6 Strict Ord.. Good Ord.. . Btr.G’dOrd Low Midd’g Str.L’wMid 4, Middling... 6 oS tt Good Mid.. 8tr. G’d Mid • Midd’g Fail- • Fair Ordin’y.fift Strict Ord.. • 9% 93s 91%6 91616 10% 10% 11*16 11*16 11*8 11*8 11% 121,6 Th. Frl. 9716 9% 9»l« Fair 12 12% 12% 12% 12*16 12916 1213i6 13% 13%6 14%« 14 • • c3 a O w ; • Mon Tues 9*8 10*16 9*8 103,fl 11 11 U716 11% H%6 12% 125,0 121li« 121*16 12% 9*8 125,0 Frl. Wed Til. 91116 9% | Tit. 1 9Hi0 9% 10o,6 1038 10*4 11% 113,0 11 913,0 ft. Holi¬ day. Sl*,6 9I516 10*8 11*8 10*8 11*8 .. 815l6 91*16 9 10 CLOSED. Ex¬ Spec- Ti'an- sit. 12 100 and steady Wed.lgtc-ulyatifoadv Thme 563 1,102 e r 00 Q t,t st'y, iln art. Qmet at i,a udv. 705 610 Total!... 112 4,299 295 .... to to to to to to © >u A to GCtO tOOM tore to CO I I ® «D to *—11—1 Jj. to too H1 -'h too cj, © © ©6,© *£-© CJ CO M h-* to to © © & V' ©o, ti> A CCt^M ^^Jto ©CO too %© MM to to M 9 to ©©° 00 -u DC © to to to to til ©© ©X f-4 7 ©to 1 e) to to to *^ M M MM to to to to to to *4cb MHh 1 e) to ^•© o* © © Frl. - © to »-* © CO © © © to to COCO CO t o to to ©M ©to to© tq o 1 aw 1 s)© -4^1 *—1 !—• MM MM MM MM MM MM 05© -4 rf- 05© til til ^1-4 X© ? 1 a S' *-*M MM %% % o*co ©00 © 1 M to© M% H-1© 7© 1 ©© I © M 77 til til 7 I 1 M >. © © 1 9 MM_ MMto to 1 o: to© MM MM© ©-4® © ©© M 77 *4cb co ou© 00 7 | 1 1 ©71 § M . mm© M tiitiiO ©6« © 71: * mm© ©M© 7 i : -J M © o© K- r-» MM MM MM MM MM MM M (—1 M ©© o', © M <1© 00 M ©© ©t^. 6© M ' © 1 © l a 1 @ 7*-1© H* 1 aw mm*k> M © ©©© ©o< ©to CO to ©© M© M M M I— M M M 77 77 77 05© CO© 05© coco 7*1 © 1 © © © M to*-* to l ®r* 7 M MMqd i © HHo © —-J © 77© S a s* • £l: • M • © MM© M M M Q 7 © © ©05 % 1 1 a; 1 a M 7 i © © i to 1 ® M O4 • 1 a: 77© ©©o 1 © * 7 MMy, M . *(* © MM a ^ § 1 a; MM© 77© © * Cj'i © ©O MM MM.J A o- mm© MM© MM© Ml-OO HHq • fl tv to© CO to 1 1 <J© S 8 . i ■ : • • ©co CO *^CO 1 1 1 1 1 1 1 1 1 1 1 ®: 1 1 1 ®: 1 a: 1 1 I ! 1 1 l M " © a • • •8 tx © ©© 1 © 114310 M M O'© -0-4© © © © ©M to to to MM© o* £ y* too ©05© tUCD Mh-OO CO to *J -4 © ^tA© 0,0, ©CO (-• MM*.] •to tc o * g 1 CV M J to to© coco© *-■(-» © M* coco© o© to to 1 S)co H MM© © 00 05 r- (-“Ll to© tf* M ® to to© 1 © - tow 1 | %) o, M to to too 1 -.,© t^CO o © © H-1© 1 t~> •-* © 05 © M M M MCOtO M tvtO© to to mm© 8 © X to to 1 *s© o • til © © cc-tco © • to© o',©© © *-* MMqo —4 M O' HH'to % t a*- MMoi tv to © -4© to 05 Mo 1 ®M M 1 5 CJ, © 1 ®p © to to O © © MM to to M oboo© . m to to to to© M coco© CO — to § *4*40 too* to to Goobo tU *A A© M 1-* © © to to too *-» t— 1 I ©O MM^ to too to ob© CO I ©00 to to =5 M 00 I a„~4 oo% 1 00 W -4 00 1 o, ° toto° ©iA © CO O M I 3 CO to to © o, 0° 1 to to© o To 0 125,0 : : 1 1 : : l! <3 S 9%c 9% 511,200; September December for December, 1,479,100; SeptemberJanuary for January, 4,252,500; September- February for February, 2,230,100; September-Marcli for March, 4,411,100. Transferable Orders—Saturday, ; Monday, 12-10c.; Tuesday, 1220c.; Wednesday, 12’20c.; Thursday, 12‘30c.; Friday, 12’30c. Short Notices for April.—Monday, 12 05c.; Tuesday 12 05c.; Wednes¬ day, 12-lSc.; Thursday, 12-13c.; Friday, 12*23 2>12’29c. 10ll6 10% 1013,0 1H*10 FUTURES. Sales. Deliv¬ eries. 500 30,400 663 106,600 300 81,300 985 104,500 610 132,800 300 300 300 4,706 455,600 1,700 1,117 15 280 <1 <1 © •Includes sales m September, 1881, for September. 314,000?: September-Oetober for October, 416,400; September-November for November, 1,331 1,319 COtoO *-» 1218 iday. . WtflO CCCO I Fri. 111116 11% Total. M M M totop to to The following *31 8at.. Mon Quiet Tues.,Qm^ Con- port. sump. nVt’n 1 ©p M in Til. 1011,6 10% SALES OF 8POT AND TRANSIT. 1 ©O *-i 9*8 MARKET AND SALES SPOT MARKET ©CO to 1 ©CO ©rf^ he Mon Tues Wed 05 CO tv tO A *— *—1 GO ll 121516 |12151( 13716 |13Jl6 H®16 c.otto -1 © *-* M •-‘co to too © 121*16 121*1, 1211,6 to © UJi« 11% 1218 12*,« to to 1 lfle 11% to to o Mon. Taei Sat. Wed Sat. Good Ordinary Strict Good Ordinary L)w Middlimr Middling . 05 CO 05 to to 77 105le 1038 1118 11*16 in* 1138 ! 11% 11916 11*8 11910 11*8 121,6 111*16 12 121,6 111*16 11*°16 12 125,6 12316 124 12°i6 12%6 1 12*16 12% 123s 12% 1123s i27,6 12i* 127,6 12% 12% 121316 127s 1218,6 12% 12*8 ! 12% 13 13 13%« 13is 131,6 13% 12% 13i* 13% 13916 1358 1338 139,6 13*8 1414 14% 14% 14*16 I43s 14*10 1438 STAINED. Fn. co O 05 t-1 M o © 10© cbto o AT -» *-*© H M to to 1 ©05 ^ 1 ©^ M to M 1— <1 to ^3 & o’ © to to M to tO tv o © 5 &?<* :* i-7*-® to CCCO O TEXAS. 121*16 13%6 13%6 143,6 143,6 • 10%6 10% 1 10% 101*16 lUlB Good Ord.. 10l3le 10% Str. G’d Ord 11% 11*16 Low Midd’g 111116 11% Btr.L’wAtid 111516 • 11% 12%« 12%6 12%6 121116 121116 13*26 133,0 131%6 131*16 Wed 10 Sat. Moil Toes 00 © t April 8 to Orf^- T 1 total sales foot up this w i 4,706 bales, including 112 for export, 4,299 for consumption 3 295 for speculation and in transit. Of the above, — t were to arrive. The following are the official quotations Biles for each day of the past week. NEW ORLEANS. 1i M° it- For immediate delivery the UPLANDS. to,oO to l-16e. bales. coobO C5 Wednesday, and again on Thursday. To-day prices were a^ higher, middling uplands closing quiet at 123^c. The total sales for forward delivery for the week are 455 *-* -1 <t o CO 1 ©Jh 1 r-05 05 (JO 1 1 t-6 -i M H-> On was some *—* M C5tO to too £8 og to to tOH* 05 05 O 003 ccP *-* *-* to to to to uo activity and a decided advance, but the close was less buoyant, Wednesday there M M to to CO to <J o On Tuesday owing to the indications of a large overland movement. l-50®128 l-49@127 1*3927 104,50 Firme. Steady. 81,30 Easier. Steady. 106, 0 Buoyant. Firm. $.§ 88 pd. *30 pd. •29 pd. •24 pd. •14 pd. 10 pd. exchanges have been made dnring the week: to exch. 800 May for July. to exch. 500 May for July. to exch. 500 June for Aug. to exch. 300 April for June. to exch. 500 July for Aug. to exch. 200 April for May. •46 pd. to ex eh. •16 pd. to exch. ♦46 pd. to exch. •08 pd. to exch. •32 pd. to exch. The Visible Supply of Cotton, as 400 May for Aug. 100 May for June. 200 May for Aug. 400 May for Sept. 200 May for July. made np bj cable and telegraph, is as follows. The Continental stocks are the figures Saturday, but the totals for Great Britain and the aiioat vious to that on vvhica they are reported. ■or the Continent are this week’s returns, and consequently The Sales and Pricks of Futures are shown by the follawwrought down to Thursday evening; hence, to make the totals the JW. cc*Rprehensive table. In this statement will be found the Qauy market, the prices of sales for each month each day, and complete figures for to-night (Apr. 14), we add the item of exports ne closing bids, in addition to the daily and total sales. from the United States, including in it the exports of Friday only * ~*v'*~* ¥ M V UU 1* vlr » u ALU UUUYUlOUl VU-U p*V- of last THE CHRONICLE. 438 1879. 659.000 549.000 62,200 41,200 46,209 56,500 935,200 I L0.000 2,600 33,000 2,000 904.200 142.000 705,209 90,740 1,632 605.500 177.000 2,000 27.500 1882. bales. . Total Great Britain stock Stock at Havre Stock at Marseilles Stock at Barcelona Stock at Hammirg Stock at Bremen Stock at Amsterdam Stock at Rotterdam Stock at Antwerp Stock at otlier conti’ntal ports. 3,600 6,500 40,800 40,800 2,070 32,900 18.0(0 437 4,170 7,406 . 882,871 901,250 1 u7.831 •4 32,845 180,000 29.804 681.143 238.556 11,000 25,000 28,000 572.000 30.000 418.802 91.966 3,000 Of the above, the totals of American and other descriptions are as 3 10 112,3(53 147.129 119,331 133.723 it 17 115,307 14V39 ii 21 102,005 131,359 Mcli. 3..‘5.. 78,131 133.931 follows^ 44 10 it 17 ii 21 It 31. American afloat for Europe— 724.741 178.183 United States interior stocks.. United States exports to-day.. 28,000 468,000 155,000 432,815 237,401 25,000 238,556 442.000 270,000 572,0(0 418,802 91,966 3,000 684.443 11.000 2,021,924 2,455,648 ]L,989,844 1.797.768 East ftidian,Brasil, <tc.— 302,000 62,200 95,555 417,000 51,000 Liverpool stock London stock 219,000 191,000 107,000 41,200 46,209 22,665 197,831 29.804 56.500 65,300 205.000 37,000 25,750 180.000 30,000 64.3:58 143,120 4 ).011 10 *,200 53,419 93,(590 .... 11 St'k atlnterior Towns. Rec'pts from 93,081 95,037 80.779 72,031 60.160 1881. 18S0. 13t?2. 18S0. 1882 3^6.701 306.321 400,986 Plant’n$. j 1S81. I 13S2. 13.),0tta!l22,12fj] 74,02, 84,091 77,29) 63,95' 143.397 50,131 3.'2,458 343,072 62,645! 133.801 32,621 319.232 315,973 50,239 186,900 31,641 320,500 284,393 39,317 109,463 25,87 309.513 253,618 33,e59 82,703 31.14 204,608 233,182 40,991 63,009 317,866 390,019 108,! 90; 158,674 371.663 313.837 3S0.528 1 OS,98a* 129,094 351,707 312.550 372,4 54 95,349-145,232 341.022 317,CSS 362,430 92,310 332.531 51,980 325.216 53.747 311.0S7 57,4^4 300.793 61.916 286.233 j 87,323 73,514 85,696 54.035 279,331 41,437 272.988 277.330 215.914 30,480 38.910 66 579 33,225 259.3 VS 261,519 201 747 25.255 47,393 ... April 7 II 611,000 199,000 670,000 680,247 1381. 137.101 1 25,070 American— 571,000 115.000 405.000 13^0. Jan. 'll 2 ,940,679 3.023,143 2.477,353 2,197,018 Total visible supply Receipts at the Ports. Week ending— Feb. Total European stocks.. 1 ,145,755 1,168.509 205.000 India cotton afloat for Europe. 417,000 670.000 Amer’n cotton afloat for Eur’po 40.5,000 37.000 51,000 Egypt,Brazil, Ac., atit for E’r’pe 680,2 47 721,7 41 Stock in United States ports .. 237.401 178.183 Btock in U. S. interior ports.. . United States exports to-day.. 295,750 177,665 a RECEIPTS FROM PLANTATIONS. 3.750 7.500 367 261,300 210,555 3,500 16,300 8,370 ;herefore, 21,500 43,500 6,500 2.5,610 760 1,900 9,718 Total continental ports.... 28.240 3,200 19.400 the expense of the interior stocks. We reach, safer conclusion through a comparative statement ike the following. In reply to frequent inquiries we will add ‘•■hat 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. ihan another, at 1881. 863.000 1880. 873.000 * Stock at Liverpool. Stock at London [You XXXIV. 68,438 50.828 since Sept. 1, 1881-82 were 4,524,658 bales; in plantations 5,465,662 bales; in 1879-80 were 4,815,630 bales. That, although the receipts at the out-ports the past week were 33,229 bales, the actual movement from plantations was only 19,032 bales, the balance being taken from the stocks at the interior towns. Last year the receipts from the planta¬ tions for the same week were 50,828 bales and for 1880 they 1880-81 were 2. were 25,255 bales. Amount of Cotton in sight April 14 —In the table below give the receipts from plantations in another form, and April 1, and date, so as to give substantially the amount of cotton now in sight. We shall continue this statement hereafter, bringing it down to the close we Total East India, &o Total American 399.250 487.509 567.500 927.755 — 2.021,924 2.455,648 1,989,814 1,797,768 2.949,679 3,023,148 i2,477,353 2,197,018 7;1. 638,1. 6d. 61 Total visible supply.... Prioe Mid. Upl., Liverpool imports into Continental ports this week have been The 30,000 bales. The above figures add to them the net overland movement to also the takings by S mtlieru spinners to the same of each week. 1881-82. indicate a decrease in the cotton in sight to-night of 73,469 bales as compared with the same date of 1881, an increase of 472,326 bales as compared with the corres¬ ponding date of 1880 and an increase of 752,661 bales as com¬ pared with 1879. At the Interior Towns the movement—that is the receipts x —' J o »» CD aDcrcpt-Q © Pc £j*-s cc PcSs.®(ti£ so h!c*cr2 o c p 4,368,336 156,322 222.761 Total receipts from plantations Net overland to April 1. 4,524,658 394,473 5,465,662 452,089 190,000 155,000 5,109,131 6,072,751 Southern consumption to April 1 CD M yffsrJl s £ ® * ^* o00 p - J D* 00 05 © O' CO M ' ►- r cs (** r- - »(*§B5 c . -°£?F p I?: ? F§i3r ^ ? % ® C • to -1 c a a »• S3 - * OB to H O ©g- c a »* OP >• go . K> 10 CD if* to *-00 ©^l(t-W|f* M -1 p-OJO'Mrfi. Oit-ootoccc5Coo:oiO'<itocc^*^co-i — ©U'XMMX©©UuO'©0'»f*©©©h-<lM to O O to — or. to O CO Oh M © © to *- to j?*’ a <•* a to to CO © O' CO M COCO C5 O' O' a »o to to to v m if- tv M --1 O' © if* c CO M to (X to CO ^ tv CO 05 M to Cl H- b» CO Id 00 -1 CO M to -j 00 ic. be be 35 b* to cd m -1m c © to 05 O'C- it^O'O. c.co CD to CO C5 MM 85 t-'M of <J CD O' C OI rf-<T0C>—'MC-U-lH-^-COO'tOCDi-^MCr ©oo CD to C CO CD CO O' CD Clio CO CD Vi 05 tC C5 C. IW Mif*-Jt0©tvC!"-4©©r:»f*0'XX-lMtC© tO X © © v' X -J O- © © © © M M -1 W M © O' ao« M s* . - to MOO CO oc © m a COOCCC cj» CD05 to ©tOO©#* 00 1*- © if- © © o< © t® © x cn w x © o< © © © c j to X © o. C C CO CD to QD to-iccM©cocac©accooicDtctotc-otocD M CO M COCO M £* CO CD MO» to it-C5 to CO o t: M CO a m MO'tt-co QD *1 O' © to © M O' >f* O'- CmO. O 05 -ICC O' c. i- O' CO 05 -1 tf- 1—* HC'I m m if- O' M tO (tMtOCCO».f»QDO' ltt*CD i oc tococ ©-tcoc.bcit-©cr.a cd'»uT->*c | CO CO -1 © CD tO C CO CD CD C tO M M tC CD r- *0 © © 0'MC©MCO^I-4*-OiCO'Ca'CO©C<JO' r . is ?r » oo s? tu t* &} -j 5" M ft* fc 36.409 6,950 O' •-* O' <1 CO © M O’O'COooc r to © to «— M*- ©05 1 CO to O' ©Vj to ^ to ^ to Cocci©®OCO'aaoMitcc.xcH © to © © M X -J M © to ^4 O' © C. W O' to © X M co tow CO, '■•J'O'^-CrOMd-tvtO-lWit'-JWX©©©© © O' C © C. © M © O' <1 W to H-1 X »- *^1 OHO to O1 Or J- O' to M tO © © -t © to X © © © CO M © © ao © <1 © © W ©CD or ©co © O' to © C a C M © *- X -U --I to O' O' © X © to © ^4 O' XMO»Cr. ©XXOiXM©CO'©Oi©CWM CO M M O' © CO CO to to 05 M ©O' M © |C- <1 © M QD r- CO OD CO M N/ m m © wek. This ri CO -I © M 29,459 MM c© to co c» m to to co m © >e> M MM M r- M -J © $ ^&5 2. ■S cc’ MS MM xa © Kn it- M O' M to © <1 M (C<l M 10 CO to © © a © to CO © -1 to CO >—* - l C -I © 05 X X ^1 © O' © O' © O' © © ^- to to -4 — it- O' ro © © -.4 it- to o. O' M © © O' © © -4 © X — C. to to -1 »t- M W to to C © O' O' to -J C © O' O' X O' O' © W <1 © w to 05 to k-i CO M It- tC tO hO CC ^4 it' © -1 b* M ©MO'© to -1 7t- © © M ©CD O' -4 v Cl X to © CD C if- © © © © CO © <1 © O' © QD X © © CD 00 WXMO*©v«<I M tt‘M©M»t'©lt'Oi-'tt'©©©tOX©©©J>-‘ <1 © © to O' (f'- © if* tt- to O' to if* © © X i— to co -J to M M too fcM 1— X © >-• MV 1—© t: M It. © to M © -4 O' X © to © ^s5 7s o' rs MftO' This year’s Azures estimated. The above totals show that the old interior stocks have de¬ creased during the week 15,016 bales, and are to-night 59,218 bales less than at the same period last year. The receipts at the same towns have been 8,227 bales less than the same week last year, and since Sept. 1 the receipts at all the towns are * 467,334 bales less than for the Beceipts same time in 1880-81. Plantations.—The following table is purpose of indicating the actual movement each from the prepared for the week from the plantations. Receipts at the outports are some¬ times misleading, as they are made up more largely one year 81 and lowest 58. Indianola, Texas.—We have had showers on three days of past week, but not enough to do much good. The rainfall reached twenty-one hundredths of an inch. Crops are doing The thermometer has ranged from 51 to 87, aver¬ very well. aging 69. Dallas, Texas.—It has rained tremendously on the past week, the rainfall reaching three inches six hundredths. A hailstorm on Tuesday did four days of and ninetyconsiderable damage to buildings, ruining tin roofs and smashing windows; injured, but the extent is probably exaggerated; probably no serious damage has been done. Ice formed this week in this vicinity on one night, doing harm, and there was snow westward. Average thermometer 62, highest 91 and lowest 31. Brenham, Texas.—We have had fair showers on three days of the past week, but not enough. The rainfall reached forty hundredths of an inch. Planting is making good progress, and planters are giving - increased land to cotton this year. Accounts from the interior are conflicting, blit mainly favor¬ able. The thermometer has averaged 71, the highest being 92 and the lowest 50. Palsetine. Texas.—We have had very beneficial five days of the past week, the rainfall reaching one M to to Galveston, Texas.—We have had light showers on three days of the past wTeek, and more rain is needed. The rainfall reached twenty hundredths of an inch. In Northern Texas they have had good rains, but the rest of the State has not had enough to do much good. Average thermometer 70, highest fruit has been c ©O' crops is reported. Elsewhere fairly favorable, and planting lias made harm to other to other crops 1 O'- no the 50 o fruit; but the weather has been good progress. P M • . It will be seen by the above that the decrease in amount in sight to-night, as compared with last year, is 963,620 bales. Weather Reports by Telegraph.—There has been con¬ siderable rain in a good portion of the Southwestern section during the past week, all of which was beneficial. A hailstorm also visited some points and frost at other points, doing harm cr © JS JS <5 e fps| £|.o*rt - £02:2; %%%%> B2.2p°S 5,242,901 Receipts at the ports to April 14 bales. Interior stocks in excess of Sept. 1 on Apr. 14. Total in sight April 14 period of 1880-81—is set out in detail in the following statement: 1880-81. rains on inch and ninety-two hundredths. Planting is making good progress, prospects are good. Average thermometer 67, highest 86 lowest 48. ' and and - New Orleans, Louisiana.—It has rained on three days the past week, the rainfall reaching three inches and The thermometer has averaged 74. three hundredths. f of sixtyShreveport. Louisiana.—The weather has been cloudy, with light rains and thunder storms, during the past week. The rainfall reached two inches. from 47 to 93. The thermometer lias ranged . Vicksburg, Mississippi.—It has rained on two days of tne past week. The weather has been cool and cloudy. Columbus, Mississippi.—We have had rain on four days oi the past week, the rainfall reaching one inch and one dredth. The thermometer has 84 and the lowest 47. averaged 68, the highest being April 15,1882. J THE CHRONICLE. IAttle Rock, Arkansas—The past week has been cloudy, Sunday and Monday, with rain on four days. The rainfall reached eighty-six hundredths of an inch. Average thermometer 60, highest 83 and lowest 45. Nashville, Tennessee.—It has rained on four days of the past week, the rainfall reaching one inch and ninety-eight hundredths. The thermometer has ranged from 36 to 82, averaging 58. Mobile, Alabama.—It has been showery on two days and has rained severely on two days of the past week. The rain¬ fall reached one inch and ninety hundredths. The thermometer has averaged 73, the highest being 89 and the lowest 61. Montgomery, Alabama.—-The early part of the past week was clear and pleasant, but during the latter portion it has been showery on three days. The rainfall reached fifty-four hundredths of an inch. Average thermometer 68, highest 86 and lowest 52. Selma, Alabama.—The early part of the past week was clear and pleasant, but during the latter portion it has been cool and cloudy with rain on one day. The rainfall reached forty-eight hundredths of an inch, and the thermometer has averaged 66. Madison, Florida.—It has rained on three days of the past week, and the remainder of the week has been cloudy. Plant¬ ing is about completed in this neighborhood. Crop accounts are more favorable. Average thermometer 65, highest 70 and with the exception of 439 European Cotton Consumption to April 1.—We have received by cable to-day Mr. Ellison’s cotton figures brought down to The revised totals for last year have also been received* April 1. and we give them for comparison. in actual bales and pounds have been From Oct. 1 to Aj)ril 1. The takings by spinners* as Great Britain. follows: Continent. Total. For 1881-82. Takings by spinners.. .bales 1,823,710 Average weight of bales.... Takings in pounds 1,462,240 3,285,980 438 432 435 7)8,798,120 031.087,080 1,130,485,300 For 1880-81. Takings by spinners., .bales Average weight of bales.... Takings in pounds 1,013,030 « 744.281.590 According to the above, in Great Britain is 438 453 pounds per bale 1,423,000 3,000,090 439 446 453 024,723,340 1.369,015,930 the average weight of the deliveries pounds per bale to April 1, against during the same time last season. The Continental deliveries average 432 pounds, against 439 pounds last year, and for the whole of Europe the deliveries average 435 pounds per bale, against 446 pounds during the same lowest GO. Macon, Georgia.—The early part of the past week was clear period last season. In the following table we give the stock and pleasant, but during the latter portion we have had rain. held by the mills, their takings and their consumption, each month since October 1, all reduced to The thermometer has averaged 65, bales of 400 pounds each ranging from 46 to 85. for this season and last season. It is a very convenient and Columbus, Georgia.—It has rained slightly on one day of useful summary. the past week. The thermometer has ranged from 60 to 78, averaging 71. Oct. 1 to April 1. Savannah, Georgia.—We have had rain on four days of the 1881-82. 1380-81. past week, and the remainder of the past week has been Bales of 400 lbs. each Great Conti000s omitted. pleasant. The rainfall reached sixty-five hundredths of an Great ContiTotal. Totals inch. The thermometer has Britain nent. Britain averaged 68, ranging from 49 to nent. 86. Augusta, Georgia.—We have had light rain on three days of the past week, the rainfall reaching twenty-six hundredths of an inch. On Wednesday the weather was quite cold and frost was feared, but it has since moderated and now there is no possibility. Planting is making good progress. Average ther¬ mometer 6G, highest 87, and lowest 45. Atlanta, Georgia.—It has rained on two days of the past week, the rainfall reaching forty-three hundredths of an inch. Average thermometer 63, highest 83 and lowest 46. Charleston, South Carolina.—It has rained on one day of the past week, the rainfall reaching sixty-one hundredths of an inch. The thermometer has ranged from 46 to 86, aver¬ aging 65. The following statement we have also received by telegraph, showing the height of the rivers at the points named at 3 o’clock April 13,1882, and April 14, 1881. Spinners’ stock Oct 1 Takings in October... 25, 330, 240, 133, 265, 469, 27, 271, 112, 139, 129, 400, 361, 280, 373, Oct.. 734, 512, 293, 204, 241, 216, 480, Spinners’ stock Nov. 1 Takings in November. 81, 303, 308, 222, 071, 34, 314, 25, 237, 59, 551* 444, 280, 449, 261, 893, 541, 348, 2G4, 262, 010, 480, Spinners’ stock Doc. 1 Takings in December. 164, 338, 188, 307, 352, 045, 84, 332, Total supply Consumption in Dec.. 502, 350, 495, 2G1, 997, Oil, 319, Spinners’ stock Jan. 152, 201, 234, 253, 380, 514, Consumption in Jan.. 413, 280, 487, 232, 900, 512, 386, Spinners’ stock Feb. 1 Takings in February. 133, 283, 255, 3S8, 242, 416, 280, 130, 418, Consumption in Mar. Spinners’ stock Apr. 1 Total supply. Consumption in Total supply Consumption in Nov New Orleans ....Below high-water mark Above low-water mark. ...Above low-water mark. —Above low-water mark. Memphis Nashville hreveport Vicksburg 1 29 29 10 45 Inch. 3 4 9 5 0 Feet. 2 29 > 29 13 41 Inch. 5 10 3 0 1 New Orleans reported below high-water mark of 1871 until Sept. 9,1874, when the zero of gauge was changed to high-water mark of April 15 and 16, 1874, which is 6-10ths of a foot above 1871. or 16 feet above low-water mark at that point. New York Cotton Exchange —The building committee are inviting proposals for a plot of ground suitable for the erec¬ tion of a new building within half a mile of Hanover Square. The rumor that a site had already been fixed upon is there¬ fore without the There is one slightest foundation. application for membership, and notices posted that two seats H- are Visitors during the last Cranston, Georgia. are to be transferred. week have been Charles as follows: Inglesby, Charleston. E. II. Holland, Atlanta, Ga. Facliin, Norfolk. Paul Scliwartz, New Orleans. Willard, North Carolina, I. Steuseman, Eufaula, Ala. u. Browning, North Carolina. The Chronicle and the Cotton Speculation.—In our editorial columns will be found some remarks to-day suggested by a criticism in the Louisville Courier-Journal. Mississippi Levees.—A correspondent, in referring to the sug¬ gestions in last Chronicle on the subject of the insufficiency of aoy levees for the Mississippi, Total supply Total supply Consumption in Feb. Spinners* stock Mar. says :' 1 Takings in March Total supply A 141, 216, 539, 46, 130, 331, 713, 377, 276, 843, 025, 117, 101, 209, 241, 218, 510, 272, 342, 218, 490, 525, 114, 289, 124, 313, 238, 602, 497, 232, 913, 512, 403, 270, 437, 840, 500, 265, 337, 401, 755, 133, 335, oo4j 350, 002, 290. 1,150, 640, 468, 204, 312, 510, 400, | | 230, 207, 728, 310, 340, 645, 337. 517, 272, 985, 609, 131, 245, 376, striking comparison with last year is reached by bringing together the foregoing totals, and adding the average weekly consumption up to this time for the two years. more 1 Oct. 1 to April 1. Bales of 400 lbs. each. 000s omitted. W. F. Jack, Atlanta, Ga, M. 8. 1 Takings in January.. Apr. 13, '82. Apr. 14, '81. Feet. . 232. 1881-82. 1880-31. ■ O 0)111“ Britain nent. U Total. 1 f j Britain] | nent. Total Spinners’ stock Oct. 1. 25, Takings to April 1.... 1,999, 240, 1,580, 265, 27, 112, 3,579, 1,860, 1,561, 139, 3,421, Supply Consumption 2,024, 1,820, 1,820, 1,508, 3,844, 1,837, 3,328,' 1,756, 1,673, 1,428, 3,560, 3,184, 204, 312, 131, 245, 376, 70,0 70,0 70,0 70,0 70,0 58,0 58,0 58,0 58,0 128,0 06,0 128,0 128,0 128,0 123,0 66,0 54,0 54,0 120,0 120,0 122,5 122,5 122,5 Spinners’ stock Apr. 1 510, Weekly Consumption. 00s omitted. In October In November In December 68,0 54,5 a?y one incline to talk of confining the waters of that In January 68,0 51,5 aQV r*ver waHsf whether of clay, wood, stone or Iu February 58,0 03,0 54,5 fC? k0 reminded that the map of the inundated country In March 70,0 58,0 128.0 | 67,5 54,5 122,0 pAm °* -^emPhis (published by the New Orleans Lithographing The foregoing shows that the weekly Charles Street, New Orleans) shows an area of consumption in Europe i»n£u!iFe<* an<^ aa average width of 45 miles and of still continues at 128,000 bales, of 400 pounds each, and that nwRw a.vera&e depth exceeding 3 feet of water, besides the the stocks at the mills both in Great Britain and the Continent ?ar^ nver.channel filled to the top of the banks. Assuming are greater than a year ago—that is to say, together they hold b*nt<TeIane one °T the river proper to be l/£ miles—and its 516,000 bales, against 376,000 bales same time last year. can see that to retain the 45 miles width of Jute Butts, Bagging, &c.—There is no increase in the demand an ail? outside the basks) within the banks, would require since our. last report, and the market is quiet. The inquiry is ability*011 ^he banks (and width of base) beyond man’s not so active, and beyond a small y to pay jobbing demand we hear of bo fox, if not beyond his skill to construct. transactions. Prices are still unchanged, and there appears ta 1 THE 440 | Volt. XXXIV. CHRONICLE. steady feeling among sellers, who are indisposed to accept less than full figures, which are 7%c. for l/£ lb. 8^0. for 1^4 lb., 9^c. for 2 lbs. and 10>^c. for standard grades. Butts are in the same position, and there have been some farther sales for futures. Spot lots are quiet, and about 2,000@2,500 bales are EXPORT8 TO be a paid, the lower price reported placed, for which 2^@3c. was for paper grades and Comparative Port from— Bombay comparison of the port movement by weeks is not accurate as the weeks in different years do not end on the same day of the month. We have consequently added to our other standing tables a daily and monthly statement, that the reader may constantly have before him the data for seeing the exact relative A movement each month follows: 4 1881. 333,643 888,492 942,272 956,464 425,770 458,478 837,349 968,318 951,078 1,006,501 983,440 1,020,802 543,912 571,701 291,992 572,723 476,532 257,099 Sept’mb’r October.. Novemb’r Decemb’r January 1879. 1880. . February. March... 647,140 447,918 261,913 288,848 689,264 779.237 893,664 618,727 566,824 303,955 Alexandria — “ 2.... “ 3.... “ 4... 44 5.... “ 6.... “ 7.... 4 8.... 44 9.... 44 10.... 689,610 472,054 340,525 4411.... 44 44 44 1877-78. 12.... 13.... 14.... 11,621 9,905 8,01b 11,034 7,35 :i 5,696 Percentage of rota; port, ree’nts Apr.l 4 4,729 9,816 6,299 8. 826,000 43,000 495,000 45,000 434.000 India ports. Shipments.—Through arrangements Receipts and 92 30 9519 3.10V,00*6 2,716,000 Sept. 1. This week. Since Th is week. Since Sept. 1.1 Since Sept. 1. 1 1,5*33 163,871 118,563! 1,316 150,597 14,000 340,563' 1,316 436,347 3,000 1,533 394.871 This statement shows 279,750 11,000 222,000 231,000 that the receipts for the week ending and the shipments to all Europe April 13 were 32,000 cantars 1,533 bales. were 9,000 32,000 2.799.000 Europe Total 1379-80. 1880-81. 1881-82. To Liverpool To Continent Manchester Market.—Our report received from Manchester to-night states that prices are lower for both twists and shirt¬ ings and that the market is quiet. We give the prices of to-day below, and leave previous weeks’ prices for comparison: 4,406 4,484 2,347 2.641 93-73 Sept. 1 up to to-night are now 862,196 bales less than they were to the same day of the month in 1SS1 and 192,159 bales less than they were to the same day of the month in 18S0. We add to the table the percentages of total port receipts which had been received to April 14 in each of the years named. India Cotton Movement from all Ports.—The figures which are now collected for us, and forwarded by cable each Friday, of the shipments from Calcutta, Madras, Tuticorin, Carwar, &c., This statement shows 49,000 Exports (bales)— 2,794 8. 8,081 91-17 89 Ol 302,000 132,000 This week. 4,368,336 5,230,532 4,560,495 4,233,320 1,011,034 3,784,323 Total 26,000 19,000 This week.... Since Sept. 1 1876-77 9,790 6,862 7,649 6,885 S. 13,867 332,000 163,000 1831. 1882. 5.156 8. 34,000 9,000 Receipts (cantars*)— 1880-81 and 9,678 7,387 6,990 3,791 3,592 7,299 644,000 182,000 April 13. 3,901,825 3,734,592 4,290.640 5,075,110 4,480,812 4,140,519 8. 15,764 9,393 5,922 15.516 6,612 5,311 9,834 5,570 8,298 8. 10,903 6,277 6,649 6,785 s. 6,524 7,501 4.336 5,114 8. 11,236 23,210 9,772 3,033 11,158 5,491 8,237 13,035 7,018 4,915 8. 5,817 6,338 9.980 4,022 3,164 8. 10,317 6,243 13,656 9,512 8.. 11.515 9,222 5,264 14,912 4,170 5,973 5.310 9,724 4,717 8. t,ot.Mr.3i Apr. 1 1878-79. 49,000 Alexandria, Egypt, for the different years. 1879-80. Since Jan. 1. have made with Messrs. Davies, Benachi & Co., of Liverpool and Alexandria, we now receive a weekly cable of the movements of cotton at Alexandria, Egypt. The following are the receipts and shipments for the past week of the previous two years. 236,868 675,200 901,392 787,769 500,680 449,686 182,937 98,491 578,533 822,493 900,119 784,470 bales less than in 1880-81. This week. we 190,2"2 bales less than at the same time in 1879-80. By adding o the above totals to Mar. 31 the daily receipts since that time,, we shall be able to rea h an exact comparison of the movement 1881-32. Since Jan. 1. to date, at all years up the receipts at the that up to Mar. 31 This week. This last statement affords a very interesting comparison of the total movement for the week ending April 13, and for the three 3,901,825 3,734,592 otalyear 4,290,640 5,075,110 4,480,842 4,140,519 Perc’tage of tot. port 92-48 89-78 9310 89-58 86-40 receipts Mch. 31.. This statement shows ports this year were Since Jan. 1. p’rts. Total 1876. 1877. 1878. All other This week. and for the coiresponding week Beginning September 1. Year Monthly Receipts. Europe to all 1830. 1881. Shipments the higher for bagging qualities. Receipts and Daily Crop Movement.— movement for the years named. The since September 1, 1881, has been as EUROPE FROM ALL INDIA. 1882. that the receipts since d. 938^10 93g3> 978 93s3> 97s 9^8® 978 d. Feb 10 “ 17 44 24 Mch. 3 Shirtings. 44 938310 14 s. d ®8 2>7 ®7 @7 ®7 7L338 7Li®8 6 ®8 6 • ®3 0 d. 6 5 6 6 6 s. 6 6 6 6 6 10 971ft® 10 44 6 17 9®8® «* 24 99i0®lO4 6 31 9~ IK® 10*8 6 Apr. 7 97i«® 1018 6 “ Coll'n Ain. Upl '8 8*4 lbs. 32s Cop. Twist. 65s 6nifi -93a 95fl 9^2 9*2 914 914 6llio 9 65s 058- 9 0716 6718 10^2 10b2 lOifi 10L> 0 0 0 0 Gbj lie 4hj^7 l()lg 6 Shirtings. <i. s. 6716 ® 10^-4 6 63r G3s 6% 9 ®7 lO1^ 63i8 7^2 ®>7 9 6316 ., ® 978 0 ® ® ® © 9 9 Upldt d. s. d. 97s a>8 27g ®1014 6 10L2®3 278 2)1018 6 10^2 2>8 278 2)1038 0 10^2® 3 278 3> 7 10 ^ 2> 978 6 9 d. d. d. 6hj Cott’n Mid. 8H lbs. 32s Cop. Iwist. 978 0 978 6 97s 0 97a 6 7i2®>7 9 ©8 9 2>S 9 6 0 0 Ghe 0 cotton from the United mail returns, have reached 90,926 bales. So far as the Southern ports are concerned, these are the same exports reported by telegraph, aud published in the Chronicle last Friday. With regard to New York, we include the manifests of all vessels cleared up to Wednesday Shipping News.—The exports ot States the past week, as per latest night of this week: New Total bales. York—To Liverpool, Abyssinia, 705— Euclid, 2,373 Lake Nepigon, per' steamers Baltic, 741 City of Berlin, 1,087 Helvetia, 2,993 Lake Huron, 1.022 700. ...Part lxia, 1,240 To Glasgow, per steamer Circassia, 2G5 11,466 265 814 332...Main, 70...Ncckar, 826 1,228 Allemauia, 400 Lessiog, 100.. 500 Labrador, 814. To Havre,,per steamer To Bremen, per steamer Koln, To Hamburg, per steamer New Orleans—To Liverpool, per Gallego, 6,300— steamers Haytian, 5,504 per snips Friga, 3,949 Hermou, 3,83.0 per bark Texas, 2,100 To Havre, per skips Dora, 4,674 Tlios. Lord, 4,374 — per bark Nimrod, 2.256 To Reval, per bark Coucettiiia, 1,333 * To Barcelona, per skip Voadora, 3 44 .7. To Pasages, per bark Familia, 1,100 21,663 11,304 India 1,333 344 1,100 for the week and year, bringing the figures down to April 13. To Vera Cruz, per steamer Wliifney, 691 691 RECEIPTS AND SHIPMENTS FOR FOUR YEARS. r Charleston—To Liverpool, per barks Bessie Parker, 2,345— ReceijHs. Isabel Craggs, 2,302 Upland and 103 Sea Island 4,75o Shipments since Jan. 1. Shipments this week. Reval, per steamer Knight Templar, 4,600 Upland & 4,600 Since This Conti¬ NNAH—To'Liverpool, per barkTikoma. 1,7.05 LJOa Savann. Year Great Conti¬ 5,570 Total. Jan. 1. Week. Total. Britain nent. in connection with our previously-received report from Bombay, to furnish our readers with a full and complete movement for each week. We first give the Bombay statement enable us, BOMBAY o Great Br it'n. To Havre, per nent. 1882 41,000 8,000 49,000 416,000 1881 6,000 28,000 34,000 115.000 1880 21,000 5.000 26,000 131,000 1879 25,000 17,090 42,000 85,000 228,000 217,000 168.000 L27.000 644.000 75,000 332,000 55,000 302.000 52,000 830,000 212,000 11,000 360,000 516,000' 507,000 According to the foregoing, Bombay appears to show an increase compared with last year in the week’s receipts of 20,000 bales, and an increase in shipments of 15,000 bales, and the shipments since January 1 show an increase of 312,000 bales. The movement at Calcutta, Madras, Tuticorin, Carwar, &c., for the same week and years has been as follows. CALCUTTA, MADRAS. TUTICORIN. CARWAR. RANGOON AND KURRACHEE. Shipments since JaAiuary 1. Shipments this week. Year. 1882 1881 1880 1879 Great Britain. 8,000 16,000 7,000 Conti¬ nent. 1,000 3,000 2,000 Total. 9,000 19,000 9,000 Great Conti¬ Britain. nent. 132,000 104.000 103,000 57,000 50,000 59,000 29,000 41,000 per barks Francis Herbert, Total. 182,OOf 163,000 132,000 98,000 bales less than total ship¬ follows. Jokauue Marie, 1,800 3,032 Boston—To Liverpool, per steamers „ 1,368 6S9 , Freeman, 5,950...*.* Paragon, 3,231 Baltimore—To Liverpool, per steamers European, Venezuelan, 3,003 To Bremen, per steamer Baltimore, 552 1,6-2.... (additional) Bulgarian, 951 — Halifax, 640 Philadelphia—To Liverpool, per steamers ....Ohio, 1,500 Lord Gough, 3,000 Total The particulars of these shipments, form, are as follows: ' pool. Havre, 814 New York.. 11,466 N. Orleans. 21,663 11,304 4,755 Charleston. Savannah.. 1,705 5,570 arranged in our Bremen Barce- <£ Ham- Liver- The above totals for this week show that the movement from the ports other than Bombay is 9,000 same week last year. For the whole of India, therefore, the ments this week and since Jan. 1,1882, and for the corresponding -weeks and periods of the two previous years, are as barks Betty, 3,770, Texas—To Havre} per bark Dux. 1,303 To Vera Cruz, per steamer Whitney, 689 Norfolk—To Liverpool, per skip Stewart bury. Reval. Iona. 1,333 344 4,600 Norfolk.... 12,263 Baltimore.. 2,625 Boston l,f91 Philadelp’a 4,500 552 19,056 2,230 5,933 344 Included in the above total from New York are Total... 60.568 2.jL<> hwl 4,o00 90,926 usual Tern Pasages 1,100 Total. 14,273 691 36.435 9.355 Crus. 7.275 689 1,368 Texas 12,263 2,057 12,263 3.177 1.591 4,509 "90926 1,100 1,330 265 bales to Glasgow* 1883.J April 15, CHRONICLE. Below we give all news received to date of disasters carrying cotton from United States ports, etc.: to vessels cent, bat in the main the crop is in a favorable condition, and at the beginning of the month the Illinois crop seldom Differin', bark (Br.), from Savauuali for Liverpool, before reported having put back to Savauuah, with loss of rudder, com¬ pleted her repairs and went down to a cotton press April 4, for the purpose of taking on board the portiou of her cargo discharged. Cotton freights the past week have been ** follows: adt Satur. Liverpool, steam d. ; sail-.-fJ. | Do Havre, steam....c. sail Do c. Mon. TUC8. 11t4®14 b32® *4 .... | sail..-</- Do .... 3 Fri. B32®14 B32®732 .... .... 38* 38* 38* .... .... .... .... V 3g* 38* 38* .... . 38* 38* .... .... , . , m m m • m 38* m m .... • • 1 * Baltic, steam—d. Do sail 5io' 616* .... .... I4 ® 1 m 38* [ — .... .... .... B10* Bie+ .... .... .... .... *4 < 04 .... .... Compressed. Liverpool.—By cable from Liverpool, we have the following statement of the week’s sales, stocks. &c., at that port: Mch. 24. bales. Sales of the week Of which exporters took Of which speculators took.. Sales American Actual export Forwarded... Total stock -Estimated Of wliiol) A nerican—Estira’d Mch. 31. 6. Apr. 14. 72,000 63,000 7,000 2,700 7.900 1,970 2.900 47.000 4^,000 3,600 35,000 6.900 4,100 17,500 13,500 814,000 15.500 835,000 560,000 78,000 48.500 422,000 461,000 191,000 221.000 .... 776,000 Total import of tue week Of wlncu American Amount afloat. Of which American. ". A jtr. 537,000 102,000 48,000 411,000 413,000 202.000 201,000 551,000 112,000 60,000 50.000 49.500 6,500 3,800 33,000 7,200 7,000 $1 42% for June, $1 27@$1 28 for July and $1 22% for August. receipts at the principal Western markets still fall below the shipments, and the interior supplies are therefore being The steadily reduced. hH Amst’d’m, steam.c. Do sail.-.tf. ♦ Thurs. .... .... sail.—c. Do 630® I* .... Bremen, steam, .c. Hamburg, steam.rf. Wednes. promised better. The advance has kept trade within rather moderate limits, especially the export business. ^ To-day the market was again higher, but only moderately active for export; No. 2 red sold at $1 44%@$1 45 for May, $1 41%@ 10,000 873,000 571,000 95,000 48.500 The tone of the Liverpool market for spots and futures each day of the Indian has sold corn freely at steadily-advancing prices, owing to the improved trade and the continued smallness of the receipts. Speculative manipulation, as usual, has not been lacking to assist the rise. To-day the market was fairly active at a further advance; No. 2 mixed for May and June was held at 84c. and for July there were sales at 83%c. Rye has been quiet but steady. Barley has been dull. Oats have been irregular, declining heavily at one time, but latterly taking an upward turn again in response to an excited market in Chicago, where the supply is reported very small. To-day oats were fairly active and firm, with sales at 59%c. for April 57%c. for May and 56%c. for June. The following are closing quotations : more FLOUR. No. 2 spring...$ No. 2 winter 1)1)1. $3 00® 3 85 Winter superfine 4 50® 4 25® 5 25® 3 25 ® Spring superfine Spring wheat extras.. 4 00 5 00 Winter shipp’gextras. do XX andXXX... weekending April 14, aud the daily closing prices of spot cotton, have been as Wheat— Spot. Market, ) 12:30 p.m j Tuesday. inq. freely >> Sales x rS Firmer. Firm. 6*8 65s 65a 61316 6l3j0 10,000 10,000 1,000 12,000 2,000 2,000 f—< O ■ ' ^16 678 14,000 3,000 3. 1 ®1 ®1 1 15 ®1 1 44^2 1 1 30 ®1 85 ® 87 Red winter Red winter, No. 2 White Corn—West, mixed West. mix. No. 2. Western yellow.. Western white Southern white.. Soul hern yellow. 82 85 85 85 90 ... Boat loads ; j’ Weak. Steady. Steady. Quiet. Flat. Barely ( • .Steady. steady. Tuesday. Delivery. d. Delivery. d. April 63964^3S64 July-Aug.. .CSi^-a^o^ Apr.-May...ti3964®3864 Aug.-Sept ....6»564 May-Juue ..C42(U@4ie4 Get.-Nov 632^ June-July ..6iG0‘4©-ty04 Sept.-Oct 6^64 ,.6-to64®42rt4 July-Aug G53«4 ®^(34® May-Jime ..G^3(;4®4464 Aug.-Sept 648^ i Aug-Sept. 6o2C4 I April 6Bj64 June-July July-Aug. Delivery. d. May-Juue. Aug.-Sept., April-Mar. May-June. 640^ 6°404 63964 64164 G*>804 G4164 Apr.-May. May-Juu«. June-July Aug.-Sept. .. , . 64164 ....64304 64764 657e4 64264@43c4 June-July ..647^^48^ | Sept.-Oct.. 64S64 Apr.-May.. 64->64®43h4 July-Aug 65364a>6464 | July-Aug.. 65304 S)o264 May-Juue ..O4304a>4464 Aug.-Sept.. Gy7fl4@58e4 | Aug.-Sept.. 65704 .. Friday. .644(J4 I July-Aug -64464 | Aug.-Sept ..G4664 I Sept.-Oct -•Gyle4 I June-July - June-July 65504 June-July G«(>64 April 6yi04 Apr.-May G5064 Aug.-Sept. .65104 .G4564 .64504 .60104 BREADSTUFF S. Friday, P. M.. April 14, 1882. The flour market has been very firm as a rule, the lower grades especially, and some advance has taken place, though the export trade has been but moderate and mainly with the Provinces, while the home demand has been fair. To-day trade was in about the same state with prices, however, very firm. %e flour and corn meal are dearer, and the advance in the tatter increases the demand for low grades of flour. The wheat market has been advancing of late, owing to cold, unseasonable weather at the West. Heavy rains have latterly interfered with seeding in many sections, and heavy snow¬ storms in Minnesota, Dakota and in the Red River Valley, have Added to the drawbacks. Floods have also caused some damStill, while there is likely to be a decrease in the springwheat yield in some sections, it seems quite as certain that the e ciency will be made good elsewhere, though the season will undoubtedly be later than was expected. Winter wheat has ^n killed in ® ® 36 36 48 45 41 Mixed White No. 2 mixed No. 2 wait© 6 25 5 10 3 75 3 4 10 4 50 190® 2 25 ® 83kj ® 60 59 60 ® S> 63 61 S> 21 24 10 0) #1 22 ©1 25 ®1 15 1 25 1 00 1 10 ©1 40 @1 08 ®1 15 .. .. Barley— Canada No 88*4 87 90 95 90 92 94 59 * 1.... 1 1 1 1 Canada bright... State, 4-rowed... State, 2-rowed... ® .. Barley Malt— Canada State, 2-rowed... Stale, 4-rowed Receipts of flour and grain at Western lake Flour, bbis. (196 lbs.) Chicago 33.705 Milwaukee 41,495 Toledo Detroit 8t. Louis Peoria Cleveland Duluth some sections to the extent of from 6 to 10 per Wheat, Corn, bush. (60 lbs.) bush. (5 Gibs.) 83,638 101,965 85,384 281,581 7,108 1,872 36.655 78.885 18.250 29,939 83,725 765 6,425 466 5,450 24.705 148,039 306.575 327,700 16,576 Total.. 115.350 Same time ’81. 193,793 .. .. 421.818 1,185,735 887,9L3 1,892,744 and rive*’ purls Oats, bash. Barley, bush. Rye, bush. (32 lbs.) (48 lbs.) (56 lbs j 348.292 24,274 4,665 13,490 2s,640 6,100 15,527 47.728 17,260 35 19.700 6,200 541 92,593 4.000 11,400 140,300 O.Oaj 677,630 86,424 570.773 169.384 Total receipts at same ports from Dec. 26, 1881, to 1882, inclusive, for four years : 22,741 22,325 April 8, 1881-82. 1880-81. Flour bbls. 1879-80. 2,169,705 2,413,596 1878-79. 1,573,815 1,862,485 Wheat bush. 8.876,992 22,751.488 10,151.075 21,759,077 11.717.993 10,064.124 7,870,280 3,500.213 660,145 2,865.417 504,100 1,845.096 16,032,792 20,237,686 C,222,417 1,779,494 796,888 45,852,962 43,149,919 57,012 93G Thursday. April Mav-Juiie Western, &c Brandywiue. Buekw’t flour,100lbs. for the week ending April 8, 1882: Wednesday. Apr.-May. ® ® 93L? ® Atr- April 8 00 Easier. The actual sales of futures at Liverpool for the same week are given below. Tiiese sales are ou the basis of Uplands, Low Middling clause, unless otherwise stated. Apr.-May. Corn meal— 6 25® 5 75® 4 40® (From the “ New York Produce Exchange Weekly.") Market, / April Rye flour, superfine.. 7 50 t Oats— Spring.per bush. $1 15 1 30 Spring No. 2 Rye—Car lots M w 5 p.m. Friday. 6 •3 ! g Spec.&exp. Market-, Steady. supplied. Mid.Upl’ds 12:30 P.M. Thursday. Mod. fcLia.Orl’ns Futures. Wednes. family brands ip’g extras. South’ll sli 6 50® GRAIN. follows: Saturday Monday. $7 00® : 9 25 Southern bakers’ and 5 00 5 75 5 50® 7 65 6 00® 7 00 6 25 a> 7 50 5 25® 5 75 6 00® 7 50 do bakers’ Wis. & Minn, rye mix. Minn, clear and stra’t Patents City shipping extras. Corn Oats Barley Rye Total grain .... 37,025,662 5,785,83 i 638,351 4 5,069,277 Comparative receipts (crop movement) at same ports from August 1, 1881, to April 8,1882, as compared with the pre¬ vious three years : 1881-82. Flour Wheat. Corn — , 1880-81. 1879-80. bbls. 5,654,504 1878-79. 6,087,726 4,772,566 4,607,041 bush. 33,881,573 81,783,513 25,879,609 63.347,918 2,965.906 70.013,996 78.716,192 19,209.089 9,697,8 K) 3,461,037 72,121,558 60,303,081 22.182,427 8,821,240 3,753,231 188,614.833 181,098,154 167,186,537 Oats Barley 10,821,912 3,324,5 40 Rye Total grain.... 155,691,177 • 82,547,‘'85 28,999,785 10,753.239 Comparative shipments of flour and grain from the same from Dec. 26, 1881, to April 8, 1882, inclusive, for four ports years: Flour Wheat Oom Cats bbls. bush. Barley Bye Total grain.... 1881-82. 1880-81. 1879-80. 2.020,893 1878-79. 2.379,416 1,323.7 1 1,922,682 4.612,890 5.497,199 18,308.589 15,173,088 9,301,800 12,555,977 7,943,921 6,766,914 1.559,434 664,569 7,088,253 23,657,904 4,096,983 1,558.285 724,219 1,076.539 487,792 1,391,990^ 33,089.403 29.719,705 36.407.521 28,205>88» 4,458,281 497,902 Rail shipments from Western lake and river ports weeks ended; forth®- THE CHRONICLE. 442 bblfl. 100,468 Wheat hush. 85,565 566,586 622,312 OorD Oats Barley Flour, hols. ending— April 8...101.311 April 1... 110,090 Corn, busk. bush. Tot.. 4 whs.459,221 4 W’k*'81.. 730,201 1,046.927 2,590,836 Philadelphia... Baltimore New Orleans... 4,699,433 2,047.568 6,630,174 1,670,026 343,709 112.124 271,617 264,034 seaboard ports for the week Wheat, Corn, Oats, Barley, bbls. bush. bush. bush. bush. 54.268 128,822 13,075 35,073 180,376 72,645 2,600 10,647 40,427 7,500 43,962 39,110 7,200 24,563 8,300 39,200 75,700 19,157 36,550 76,108 14.341 . 95,412 25,077 650.021 Flour, 34,033 2,4S0 6,655 23,051 20,907 . bush. 107.482 22,113 55,316 24,145 85,499 40,789 Receipts of flour and grain at April 8: Portland Montreal bush. 476,628 364,200 556,719 883,740 725.017 1,162,557 ended . Rye, Barley, Oats, bush. 1,928.119 212,865 191,779 253,605 388,679 .... 7,730,317 3,076,437 2,358,221 Wheat, Mar. 25...102,165 Mar. 18...145,655 AtNew York Boston 44,748 148,304 from same ports for last four weeks: Rail and lake shipments Week 512,037 83,906 72.758 1,394,952 Total......... 129,958 924.931 1,572.181 452.073 62,504 102,942 446,920 66,342 25,077 Rye... April 10. April 12. 504,330 1,514,676 1,267,871 5,471,394 95,412 ................... Week AprilO. 204,618 Aprils. Flour* 1879. Week 3 880. 1881. Week ' 1882. Week . bush. 69,150 8,000 5,044 4,950 25,850 1,200 1,090 7,244 40,201 358,177 107.950 269,136 35,500 230,467 272,391 Total week... 155,733 Oor. week ’81.. 267.774 1,411,036 1,562,G04 Rye, Total receipts at same ports from Dec. 26,1881, 1882, as compared with the previous three years : to April 8, 1880-81. 1879-80. 1878-79. Flour bble. 3,137,357 3,688,825 2,477,801 2.884,058 Wheat Corn Oats.. bush. 7,502.606 9,562.006 5,657,386 15,149,647 23.096,622 5,639,890 12,757,464 35,819,435 5,272,154 1,748,031 1,538,849 1,313.910 22,167,817 27,606,038 5,017,860 24,620,051 45,948,927 55,491,012 1881-82. Barley Bye Totalera’.n ~ .... 318,013 523,919 150,022 Exports from United States seaboard ports April 8, 1SS2: Flour, Wheat, bbls. bush. From— New York 74,720 Ronton 24.577 293, lo2 40,665 Portland 2,004 24,653 Philadelphia 2,730 for week ending Corn, Oats, Rt/e, bush. bush. bush. 267,788 3,093 .... Peas, bush. . 42,824 63,679 8,100 750 19,858 118.082 72,351 120 81,719 24 Total forw’k 124.059 Same time ’81. 144,720 553.211 401.592 1,974,800 2,032,408 Ralliinore. New Orleans.. 1,229,412 813,003 56,864,130 3,093 1,011 3,932 51,224 43.390 [Vol. XXXIV. gate, sales of dress goods, prints, ginghams, lawns, &c., having been interrupted by the low temperature that prevailed during the greater part of the week. Domestic Cotton Goods.—-The exports of cotton goods for the week ending April 11 were 2,597 packages, including 1,563 to Great Britain, 396 to Argentine Republic, 252 to Brazil, 113 to British North American Colonies, 60 to Mexico, 60 to Uruguay, etc. Brown cottons continued in fair demand and prices remain firm because of the light supply on hand. Bleached goods were slow of sale except fine shirtings and wide sheetings, in which there was a steady business at unchanged prices. Colored cottons were in steady request,, and fair deliveries of dyed ducks, denims, tickings, corset jeans, etc., were made by agents on account of back orders. Cheviots were generally sluggish, but some large transactions in cottonades were effected by means of price concessions. Print cloths were more active and prices ruled firm at 3Me. plus % per cent for 64x64s, and 3 ll-32@3%c. for 5ox60s. Prints were mostly quiet and ginghams were in light demand. Domestic Woolen Goods.—The demand for heavy clothkg woolens was only moderate, but there was a good steady move¬ ment on account of back orders, and leading makes of cassimeres, sui'ings, cheviots, worsted coatings, &c., are so closely sold up that prices are firmly maintained. Overcoatings were in fair request, and there was a steady call for re-assort¬ ments of both light and heavy cloakings, Spring cassimeres and worsteds were mostly quiet, but a few large purchases were stimulated by means of lower prices. Satinets have not shown much animation, and there was a sluggish demand for Kentucky jeans ; but the best makes are held at unchanged prices. Dress flannels were fairly active, but other descriptions ruled quiet as usual at this stage of the season. Toules, nuns’ veilings and-, specialties in worsted dress goods met with moderate sales, and there was a fair movement in carpets at steady prices. Foreign Dry Goods.—The main feature C4f the market for imported goods has been that fine fabrics of nearly all descrip¬ tions have been relatively more active than the lower grades. Medium to fine silks were in fair demand and steady, and nuns veilings, satines and specialties in fancy dress goods were distributed with some freedom. Housekeeping and fronting linens were in moderate request, and Hamburg embroideries, laces, hosiery and gloves, met with fair sales at steady prices. supply of grain, comprising the stocks in granary principal points of accumulation at lake and seaboard ports, and in transit by rail and water, April 8, 1882, was as The visible at the follows: In store at— New York Do. afloat (est.) Albany Buffalo Chicago Dc afloat Milwaukee Duluth Toledo Detroit .. Wheat, Corn, Oats, Barley, hush. bush. bush. oush. 51,844 20,109 2,074,756 180,000 709,391 70,000 11,400 41,000 166,206 25,287 3,781,489 150,000 3,508,560 1,528,6 >7 23,679 788,310 479.993 200,759 15,000 Oswego.. 442,603 St. Louis Boston Toronto Montreal 3,513 356,617 54,861 Down .. Mississippi. On rail...* On laVf» 19,961 4,960 193,152 44,103 75,000 77,205 2,494 29,109 447 22.880 181.349 127,300 666,086 1.338,653 6.634 657,312 ..... GOODS ...... r* ©! 21 I—* 995.941 1,237.232 1,011.599 1,602.106 1,073,752 1.869,8 >3 1,091,706 417,491 April 14, 1882. past week, the weather having been unseasonably cold, and unfavor¬ fabrics. The demand at first hands was chiefly of a hand-to-mouth character, but some large orders for cotton goods were placed by exporters, and liberal price concessions enabled agents to make considerable sales of light-weight clothing woolens and cottonades. The jobbing trade exhibited the same irregularity reported of late, and while a very fair business wasdone b y certain houses, transactions were only moderate in the aggre¬ summer Flax Silk Cot n Wool Total cotoucx ©if- 1— a* to 310 r* "rfi* 00 CO 1— to CD cw -4XX©-4 jp-aococ; w CD >“,7| CD Cl 0.4- a« x 4to od —• a od 1 - 17 ,503 ©-1 r-O cs-: topi at 7*7t w*—*at it* a* it- CD c t- co ai a< -4 0 to oc to ] 38,09.541! to cox MMM t-tO be to c'aioVto <X l-> CIO- C0+-|UtcC5 © pi to JO id totooicoT* ©>e* it- a« i~* CD CO a» to I- ro lt-^1 — co 0: ►-* cd-*j •4 to CD 7-co Ci c © CD 4- X ai Ci 01 »c a» — 7* to rC 7* 7- - ENTRD FOR 4- MH plj— K 3B g of— is i~> tO tO Total t 1 CO 00 -4 •» 23,577 l.OSO 984 and a»7- Cl CO 939.088 Flax Silk Cot n Wool of i-1 ©** CD TRADE. able for the distribution of many spring 1 a» 19,200 933.233 d on week facts - of— 1 it* Cl -4 to 21,025 1,766.072 Total CD ...... Total Flax Silk Cot n Wool CD dry goods trade has not displayed much activity the the a> 100,912 Ent M i s c e l a n o u M a n u f c t r e s M i s c e l a n o u M a n u f c t r e s M a n u f c t r e s M i s c e l a n o u . market. forcnsumpt. port. forcnsumpt. at 108,301 4,227 10,043 Friday. P. M., The 5,777 2,570 8,000 5,599 103 691 682.556 DRY 101,414 Total Ent’d . 8,•’32.. 11,732,326 8.913,448 1,529,799 April 1,’82.. 12,101,735 9,690,651 1,682,691 Mar. 25,’d2.. 12.562,355 10,114,932 1.759,102 Mar. 19,’82.. 13,415,924 11.842.896 1.990,304 Mar. 11, '82.. 14,452.348 12.928,173 2.022,885 Apr. 9, ’81.. 20.723,131 13,467,447 2,948,583 THE ...... 2,530 235,100 29,758 15,197 52.937 6,693 733,433 161,230 Tot. April Do. Do. Do. Do. Do. 2,677 369,338 ...... 7,798 137,435 City 163,748 3,204 119.571 17,300 Indianapolis 95.752 16.00U 68.000 ...... ...... 19,454 240 200 Rnlrtmore 259,061 425.000 107,587 52,420 117.024 12.296 Kansas 33,500 95,014 116,120 57,055 143,054 145,655 36,500 90,916 403,086 Peoria Philadelphia 105,000 19,000 Rye. bush. Importations of Dry Goods. importations of dry goods at this port for the ending April 13, 1882, and since January 1, and the same for the corresponding periods of 1881, are as follows: The — CD 0 co h- 5| ©Cl a» 7. if* H* to M 3l ai© 0000 ©-1 DURING SAME tO if* OD & it- f* , ct 00 ai 1-4 ©at Tj ccT* to c gg r- H* -4 0-1 Cl Cl CO IO © -4 r CO •-* 00 (f- toptpi^-o *C to CD CO OD tctoai©© OD © if* —4 — « K > * •z x X X * at p-» Cl Si X K ©-1 ©OD woo co © © © -14- X c ** 7— CO 3D 3D it- 4if-CO ^1 X > CD WAREHOUS —5 © JO at bo ci c - 4- 0 d co -q CCOClClCU j-» 7* <-j*4 V© ©ai be to O CO Cl i-* a> it- 0 h- <llt- it- to co a* 0 to ►-* at PERIOD. 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