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NO VITALITY OR STRENGTH. A DULL STOCK MARKET. . RATES FOR MONEY HARDEX SOME WHAT. BUT NO LACK OF LOANABLE Fl'NDS IS AFPAREXT. Sunday, March 1?p. m. The Government report ol foreign commeroc in January shows ft light falling off in imports, but a pla in exports of about $7,250,000 compared ?wilh the same nionth of last year, an.l of about $0,000,000 over the same mor.th Ib the preceding year. The exeess of exporta of merchandise for ihe month waa $-0,-46,135, against $11,088,706 ln January, 1??0, and $5,130,114 in January, 1889. The spceie. niovenicnt was not heavy in either directlon, aud the exports wore less than in the two preoeding years. Tho following tables compare the values of the imports and exports ln the month of January and in the seven inonths ef the flacal year for the last three yeara: ONE MONTH. MereheadUe. Excees of eaporta $,',,130,114 8U.08S.700 820,240,135 6p*cle ancl Bulllon. __ _._ ?, lmnorta ?? '1_. 424 $-'.101,005 82.7105,1 KJSrtS::::::::::::: 4,200,551 a,6(*.2.i 2347,710 Exee?a of eaporU 81,988,127 81.140 588 -__jr__i JCxceas of Importa . $_4M..m?i Exoea. ef exporta.. a^.VlB^WlS 186.263 810,877,274 SEVEN MCO-THB. Mi-rcharidlst". - Julr 1 to Jan. 31- ISHH.'ft). ISSO-'OO. MWE?L_ Importa.8?2l.l4->,429 644i.4_5..S0 WI.W1.2JJ ExUita . 464,107^22 _4M*l,W _______lL Exeeaa of expert* W3055TOM $or?,2(_8.344 873 055,654 Kpe.io and Bulllon. Imports. 617.881.008 820,301.730 6?,27|,400 Exporta . 30,MO,.-83 38 074,4.3 t0.64_^8BB Exceaa of eLxport* 8-M>^915 8i-*58->,718 81.663.582 Net Dal'inoes. Exce?e of exporta.. 854,754,008 8112.811,057 874,710.130 For the twrlvo monUis ended January 31 the comparUon for three years ls as follows: ONK YFAIl. M'rehandlse. XmnoiU . 8788,_47.752 $7 ,"5,8 OB 012 8822 4.5.800 Exporto .......... mitO,-N 828.g7.968 804,801,3,5 Exeea* of Imports.. 883.057,713 -???;?-.?: ___?______( Exceas of exporta. 803,442,074 $42,34o,485 Spcele and Bulllon. Importa . ?27.480.350 a31.473 13r. 842-706.241 Exports. 65,744,812 01,085,803 40.101.80.) Exceas of exports.. 838,265,402 860,502,258 80,305,601 Net Balanco. ? Exceas of exports.. 85.107,740 8128,005,232 816.651,040 TIIE TREASURY REPORT. The United Statcs Treasurcr in the flve busl liesa days of last week received from customs $6,015,5^6, from internal revenue $2,886,043, and from mlsoeDaneous sonrccfl $964,066; totul from oli, $0,886,593, against $4,569,364 in tl.e four buslnesa days of tlie preceding week and $7,707, 141 in the previous full week. The weekiy Trofisury statement ahows an increaae of $3,543. 924 ln the net cash in vaults. The deposlts in Is'ational bankfl were reduced by only $34,024, and acoordingly, by the statement, ll.e net increase in cash in vaults nnd banks was $3,509,900. Tl.e principal changes in tlie vault balanccs were made up as follows: A gain in tlie gold balanee of $3,033,443 by a reduetion of $3,022,640 in out standing certifioates, less a gain t>i $10,803 eoin nnd bullion, nnd 8 gain in the sllvcr lmlnnce of $732,76- by an accumulation of $2,003,891 eoin nnd bullion, less an issue pf $1,271,139 eertili c-.itcs. The ohnnge ifl United .States notes ivn. very small and the amount of Nntional baak aotea was lowered by $976,690. Tlie Treasury's lia bility for tlie ndemption of Xational bank notcs W88 further reduced by $277,417, leaving the amount of deposlts ef legal money for that pur? pose at $47,199,468. Subjoined is yesterday's statement, compared with that of February 20: Feb. 20. Feb. 28. DUIerences. Oold coln and bul., leaa certlflcate* 000 re'seTv'e000"' 844,000,229 $47,C0r>,C72 Inc. $3,033,443 V. 6. notea. leaa _, cet.lfl.ato_ . 7.017.6f.4 7.075,899 Inc. 57,728 Nat.bai.fc notea. 5,202,120 4,US_,42l IXSC. 270,000 Bi'ver di'llari. and bull'n, leaa cer- . . __ __ tlllcate* . 20,307,008 21,100,150 Ine. 732,.52 Caah ln TreaMirT. $77,314,011 $S..,>-57,'.'_". I.ie. $3.543,'_-4 11 tJonal" ban'lis!... 29.258.075 20,224,051 Doc._84,024 Total bal'.nre...$106 572,086 $110,081 9Sf, Inc. $3,500,900 BANK CONDITIONS COMPABED, Bv the operations of the New-Vork Sub-Treasury. in the week .ended Friday niiiit. which included the pajaaeet of 9162,385 ior porehaaed bonda ?Micl tl.e rcreipt of $100,000 for parmenl _? otlier Duh Tiiaauitra. the iis_.iM'.iat<-,i baaka lost 91.884,* 647. Tlie weekiy bank statement, publlshcd yesterday. showed 8 lost; of $2,276,900. This result ?86 noi wiclely ditfcnvit from tbe known move nicnte of money. although Ihe statement waa Biada on falling avera?i__, nnd the baaka are poorer than the showiiifr. The outward niovement was laigeat toward the end of the week. wlien the deniiind from a few pnintft WM rather urgent. The changes resulted in a loss of $1,741,750 in the surplus r<?erve, whleh is now $13,630,275. compared with $2,364,200 in the .suine week a year ago, and 919,970,550 in the- preceding year. The changes in the corre?ponding weeks of preceding years were as follows: 1890?lonna decrease $4,863,100, cosh decrease 1*3,616,100, cleposits decrease $0,116,000, nnd surpliu. reserve decrease $1,336,600; 1889?l?aB8 increase $1,045,300. cash decrease $3,520,700, deposlts decreaae $204,400, and tiurplus reserve decrease $3,469,600; 1888?loans increase $819,700, cash decrease $3,185,200, deposihs dcereaf*? $2,917,900, and surplus reserve decrease ?'..4."i5.72.'>. Subjoined is yeaterday'a statement, compared with the corresponding dates of 1890 and 1880: Mar. 2. '89. Ma-. 1. '00. |V>,. 28, ?_}. Ix*na .$413,0(il.r>00$400.710,<i.O $403.8?1 8<V) SIlf?'i.. . . 8,>.20ti.5f,d 70R47.2no 8l.ftni.reo Ix-eal-tcnders . :..',.527.800 27.171.801 35.0?_.S0,'. r)?,,r,sltH . 438.005000 418...10.200 414 420 100 Clreulatlon"'.'. 4,823.900 3 350 700 Mfi.MO The followlng ahowa tho relatlon between the total re? serve and the total depoaits at the regpective date*: KdacW .e80,r.66,5OO 879.847.2C.0 $81 301.000 iigal-tendere . 35. .27.800 27,171,800 35.035.800 ToUl K-srrvo.$121,791,800 $107,019,000 $117,230,800 Bd*'iSITltrQ.Td. *<?*t'. 109.523.750 104/054.800 108000.525 Surolu* . .- $12,270,650 $2.304.2<>0 $13,030,275 PiVeCt.of depc-lt.. S7-M 25.50 28.20 ?I_e bank exchange* at the New-Tork Clearlng Houae and Uie atocka aold at the New-York Siock Exehange laat 8888 and for the week of the nreeedliiB two vears comnare a. lollowa: ^ ,^ F,xchan?e? .851?.25rt.985 $?31 .D06.843 ?<e81480.85. No. sharos _old... l,l_?,6i}l 1 061.886 03J,ia9 ?Flve daya. THE MONETARY SITUATION. The increasing flow of money into the National Treasi.LV, the resuiuption of ihe expoft moveuient of goi.i and demaada from taterloi polntB epB_ bined to harden rau-s fo/ niuney Just week. There was no lack of loanuble" funds, jxirticulariy on call. and fear rather thun abiolute coniKtions of the market cuntrolled it. Call loans ranged from 2 to 4 per c.-nt, and thf average rate was probably 3 per eent. Tinie BB6-MB W86 in small supply 'iat 4 l-2a5 per eent, witb exeoptional transactlons ut 6 per eent. The paymeni of peB akaaa, whieb Bill bagta soon, will tend to conn t.'iiu-i the abaorption of money by the Treaaory. The demand from the country is not anaaaaoiiaaie nnd the bank statement showed that tlie ship hit-ath exceeded the receipts by only _.mi_!l amounts. The extont of the expoitatioa of gold is a factor thal eanaat be readlly aaeaaarea Tlie baweoe of trade lietween Euk.|M' nnd this rmintry is la our favor so fur nt> everythiiit; exc-c-pt aeouritlea is eonoenned. The prevailiug rates for foreign )pxchan_re hardly justify fuither shipmenls ol aaaek. and yet the liltcral poliey of the ltaperi-J ltink of iiermany, t,,_.'etiicr v.ith the cfciiditions affecting exchaiiges lietween lleilin and Londoo, rnay lead to a continuanee of tlie shipmenls. For elgn exchanges wen- not specially strong until Tharaday, when rates were advanccd, ond yet the improvement wns not ranin^H.iied to the end of the week. Tlie closing rates Trenf? S4 84 3-4 and ?4 87 3-4 for Umg 8_kI slioii Bterllng bllh. re hpcetively. Ralea for tooney in Eiirope were rn.t hlgher, and in I_ondon nnd on the Cocitlnent were not above 3 per eent in the open market. At tlie same time tne Bank of England is losing ln it> proportion of reserve, while lt ls still suffcring from the loss of gold to South America" as well as to Germany. RAILROAD EAKNTNGS. The Tribune has printed tlie gross earnings of forty*three companies or systems for the thlrd week in February, and of the ,number twentv aeven companies retumi gains of $330,221, or 16.1 r>er e^-nt, and sixteen companies have re? turned lossc-i avernging 7.7 ner eent. The whole DUmber {.ives a gain over the week of h.iil year of 922...S41, or 6.3 per eent! It must )>o observed that the companies flret reportin;' sliow umii.U.v tlie largeat gaing, for in the second week in Feb ruarv the lateat reporw. reduce the percntaife of gain' from 8.4 to 4.7 per eent. The Tribune ha* printed the n-turns of sixty-seven companies for the seeond week in Februart', nf which thirty nine have returned gain? of 9464,402, or 1S.0 per eent; and twenty-eight companies have re p-,rted loaaea averaging 5.7. The whole number glve? a gain of only 4.7 per cer. Tha followlng table* .iv d? the enpre-ef-^ a.,8 dlfferencea ef tlie eempanle*, ahowtrg ralnr and Ineaea: __lr4 Wffk ln Feb.- 1800. 1801. Dlf."ene*>?. n.r 87 camj^l-a..:...8__Ifa-.8e2 82,812,888 Ine. $380,221 15.1 16 companlr-* i,383.53t. BJfByBBBOae. loa.ono Total, 43 co.,a..83.6W,898$8,7P_:.4;.,.l Inc. .'.:.(,,jU 8.8 8e<ond ?f*k In _?'<_>.? ______at__a 30 ro...|_in<c?.8-.0i1.WM 88.W8.ge Inc. i*2?.<g >' - 5 co..l.aiilos.____________ 8^88.888-Dec. 178JBB 8.7 Total. 07 coV.85,971.30- 87.257.0-5 Inc. 8888,188 4-7 THE WEEK AT THE BTOCK EXCHANOE. The total tranisactions in stocks last week vyere 633,16!) shai'rti. ajjainst 153,181 in tlie previous Weak, BBd l_Wl,888 in the corrcspondinc week ol ];is! fear, The uccurrencc of a holitlay OB MOB day (li<l not infuse vitality or strenctli into the Bpecul-tion. The onlv movenient- that were in the B-jrhteat dejrrcc Intei-SttBI wore a fiim.cr .iecline la ChkOfra, UurliiiKton antl Quiney, whidi amouuteil to nearly 4 per cent in the week. and a rise and fall in Pacilio Mail. These two Btoeka monopollzcd the slijtht interest that was felt. The lin.t imturally teudetl toward a 4 per cent diviilend basis. wliich it Ls rapidly approachlnc. and tlie coursc of PBeiflo Mail -81 influenced chicfly by tlie rhane?. of lealslation at \Naslntic ton. The ShippinK bill would (tiie the company. it is estlmated. somewhere lietwcen 0800,000 aaa $700,000 a year..or -a. 1-3 |K-r cent on its share capital. The npparent defeat of the ine;K.ure, or the delav which mny be fatal. BaBBtJ 8 sharp re aotion toward the close of the week an.l virtiia.l.v the stock ended when- it begaa. Seuii-oftlclal sUtementE in rcsard to the eondition of the com? pany would eeem to be favorable to niffher pric.-s for the stock, even if the propoecd ShippinK bill were not 88888- bj the present, Cor._re98. It is fa&hionablc to uo_e that the market ifi watt-Bg onlv simply for tlie ndjotirnmcnt of Con maB. but while tlie oonditions n-Tectinjr spe^uia ti.in do Bflt favor a decline. it is doubtful if an advaneo will follow an 8088. so lonff awaited and so anxiouslv deslred bv eorporate intereets Some thinj. mon -haa the adjoanuoeo. of the National Ix-nislaturc is needed. Publle interest in this eountry nnd in Eorooa has been ehilled and a fresh btivinK must be eti.nulated. Kiimors of tinancial embarrasSmentis in London the damrer of politieal ilisturbance la Europe. and tlie neressity for monev f-.>r the April sottlement. in tlii- country may delav. alfhomrh thoy will not prevent. an np ward movenient, in prices. The cereral bueiness ?of the eountrv is fairlv satisfactory for the aeaaon. bnt t),0 imn inriustrv is dull. nnd pnrticulnrly steel rails tlo no.t advance. The antliraeite rotil trade ciintii.iies to sufTer from an overproduction with the natural influence on priocn. Followlng *is our uaual t-ible. triviiiir tho numbcr of B-Murca sold of nll atoeka, the blaheat, low.-st aad tiual prices of the week, tn.ethei- with the linnl prices of a week ajro. prefixed by tlie uver BR8 prices of February 88, lHftO: WF.r.KLT_BA80-. atocKs. | AcrnaL -Ialrs. I Flnal. iHi_h.|Low. irin.l. |l, I e.t. ' eal. ,Fel>2. isfll. 13 141) ii) 77 60' 7.'.*, 76% 115 |ll?. 2? I 20 ia. it<s boa. :.o^ 32. 8'.' . 1H..I I'O. 166 1U!1 105 107 - llWS 11)11 ua is? ia" r>? . na* 05 _ ll... 112 '112 25 I 24 I -- -> m. Wa 78 . ofi?? l>7 . -_i tl ?? . -'_ 149 18% .;... t.:.v. ae i;is^ im 1MH | 1-5 1..4SI 133 18". 18 61 I SO '/??' 7 17 _01 <. <* .; IO KS'tl 23" 01 61 _tctiToT>*SF.... Atlai. r* Paclflo.. B4NYAL uret Bun, K<k1i * l'.. B R i Pltt* "r Cana.ln8onll.ern. Cnnntin Pacltlc... C^ntirilot _.J. Cfbtrul Paclfio... ( be_ __ Ohlo. fbcsAOlat vr.. C'hea * 0 2- pi-. Ch* E 111 ;.r.... Chlo A Alton prel Ctnoit >ortnw'u Ctiic <* KW frai ClilrM A-? P... Clno M A 8t V P? rttPM_o....i .. C'hlcBnrl A Q..- 108 Cl.icllIA ?.. - filV C'levriand A PHU 155 ColHVATol....! 20 C C C ASt _.....! 5<T. tlo wrlrt. Dfl Lflck A Weav __>elA Hu.laoii.... (1-. <?. .llv. Drnv* Kio (ir.. Denv.-r A IW nr. E'lenn V A i?a..| KTenu 2dpief...| 22 Ur Bar. 8 ut N?r uraf. Harl.ni_. . 2oO Ho.iat A Texua.-! At illC'entrai.i IU1* K A UM prt....l 7 LakeEA W..81..I 17 1,KA Wprel. 62. Lake Slioie.| 114 . Long I_iai.ii. -.7 LonTs A N_-?a? ' L. N A AC. LEAStl.i.rt. Manbat Con. Mautia.tan Bi-avn ___-_lc__n Cen?. Ml.)il>n. M L8 <t- W. M l.SA W.pret.. Mltui A-Bl L,. MlnA HtLprfif.. MKAT ex 2a.... rtonrW .I .. I 'ai*ai ?""-! ??-i -1"* Mo?lS2. 7.3_ _5? Sl). g 07. MorriaA Baaez.. ItfMW. 1**-'\M* }*J_ New-York Ceut.. aOH. io.i 108 | 102 . lo.i . NYCAStL. lb-l 18%! lf-l l-'" NYC AStLprt... 70 i Of. i -i.i 6 NYCA-tI.'-?lp: :.7. NYLEAW.! 20. NVANK. 44. NY XII A tl.'-iliO NYOnt A W..-I 17 . NY Sunu A W.-.i Hl ? 8 W l.rnt.. Ni.rfoik 8 Weat. I Nor A W pret.... Noi'tt. P icit'c ? N-Ttli I'i.o prl?I ,o , No Am UO . ? N Y A Nni prer... .. Uhl.i_. Mim.I 20. Or^Kon Inii).| 45 liffimill* N--I 87. pt_ Dt-c A Kv...J 18 PhilaA r..-..,|ni-r '.?*> PKt WACnic. ..' 164 PulliiiauCif CO..I 188 1> c- __ StI. ....! Ki.-.'i?. Weat Pt..' 20V; Knni . WA Ok...| 103 UoO--.: 10 i, i, w are..i 40 Sl l_o.lia.AA T Hl oH bt LASK1 nrt. i r- . St 1-aulA n.ilntr bt P A liui l.r.t St P Mui A Mau. Soutl. Cari)li..n...| Bouth I'acitic.? 20s4 lOii . 100 4., .. 07 88'_ 11. .1 18. 18. :.?'4 t.1.0 1.4-.5 *00 VoO 830 &(!(! ioo 505 ,-,-J 700 I.)!'.'. 2.556 87* 14.1.1. 80o 100 840 100 ICO 18 2'.. ?_'H 7 I 27 | 30. 88. 11) . 20 81* 32* 1..U I 160 ll.O.i 190 . j:iV| 13. la* ;.'. 108 | loo l 3b-? 87 72 .. I 05 I 111 ., 100 ; 8.1 M Vasaa i 'loi au. >-.. i.r.-t. VKH ot NJ. Vii'on Pucllio..... ]... ll A U. WlaCaatt-i.I 88* Wabant. lir.-I.I 20 W A LE. aa Wh _. L Erteiiretj bl. WeaUTel., 88 AI'TCo. .. Amor Ei;....-....! 1 IS * L'S__xprea_.j 80 W. Ua i-ar.ro Kx ,44 8 wialian nakla I b6 C'lilc Oaa'lYuat...i 454 Piu-itR Mail., 88. ConaolliUtt- (Jm. ?5 . Camrrou Coal ... 8L. ColAHockCA) 15. OeiOaal A lron..| 42 Teun Coul A Ii-0U| 5H _>nn ObbI urei...i 104 Oniano Minina.. 40 guu-kallveu.I 6 yuickaiiv.r pret.1 36 , Bruna-iafe.I Ot'auaa ii-in... Dia ACPCo. EdiMin Bl. 11 H I'lafllu A Co Do 1 .1 pr.on.. Uo 2.1 pr OOU...I I, .rilafta ...i-i. Iju-lx^e j,rf. Nat C?r._a_e. ' Nat Loaaa-d Oil. Ani^-iil-'arlU-t ciIm Ii- pret.I AC O trust. 26. .lo new.I Do i>r*t-. Nat Lt-atl t'ru.t..| sui;ar rei-ta.i Mtook El.I StLArk A Tex..l l ou C A Va.I Comatock TCo.-.l Horn -tliver.| 811 KiUK 106 1 11 - 108 . 88* 45 _| 44 _, 180 0? . 36.1 86 -j :i- .j 39. ;ioi_. uu.. oOsi aaa lul 10 l 17. 10. ;on . 100 . ll.) . 101 . M3 (.5 . 88. 2_v 20 S. 21 40 i 4a 1? .1 18 SS?i 211 ?J . 10 16.60 o.7_ ! 16 I 18 3.'-U 5..-U 23 ' ii 45 105 . 10.1* 30 S| 13* BliV 88* 22>-| -? - roUl_-.arsasil.lIar tbe week. au-ercerta. 87. 07. ?7 033.', _9 76J.OOO The followlng were jC-itai-day-B quoutlons for unllste. hoc-uritie-1 Bld. At it Char Alr Llne btock_ 04 Ala <t VI.ka. 8S H'kl.i. r.l atoek.. 27 t?l _-C It K. 11 - Uii_a_a __ At Baa tru?t reeelpta.. 10 Dul b i_ \ a. '. _ul S b ii At pid 1 i,,.,i.-- . Pacltlc.. H Max Nat Oaa.... 14 Nf-v.tK.lt Ni.-vta A Ml- Val Co... 10 rwiai. ola & At. ib M L A 4 T tr r-H-. all ah't- l.d O^j Tai Pro a Wi--t. 'li,! St L & K C. T bt L 8 K 0 Pt. At t Char Alr Lu. ? M 7a... 110 (,a Pa. lat M -.:-<--. (i? Puc <on fta.-? 74 (ia Pae Inc 6a... 18 A_kc_ 90 "ta 14 12 0 . 1 l _ 10 ii 3_ 11 15* ln 25 U3 i . ... L R _. M 1-t f.s. 00 . I. N A v . 1. l.t tis, C V. I dlv..103 M * C Con I!d'..110 Mo Pa.' II H JstT iol tr 6<. 82 B T * iiM-i.-'a Lake l-.t tnort.. ZS B Y 8 ur.-_i.w-a Lake ;__ murt... 0 (/.au b. h. Co l*t (ruarar.-?-c(t..l01 ht L A __ 1 1 -t ._ lnt aarfa... cs bt l a __ i ai is int eatta... 82 St P, Eaai a n T 1st o>. gnar miUwd bv Mll, Bt s 8 .V .103 vw_ m ift ?.. . ii A A V con ._.. in. A _t V 2d -s. 70 __k, d. 72 1OT 115 88 35 12 103 71 35 IO'-. 100 S. V. Whlte <S_ Co. offpr for suhscription tho sccuritits of tlio Ainori.-iui Botla Fountuin Com lmny, rec-ntly luoorporatefl under the law.-. of tJic State ol Neor-Jeraojr. Th caaltaHratlon is S;.,'. SO, 000 and the company i.. formo;l for the carrying on of tbe __BB-1_--_1- nnd sale of so(l_v-'.vater uo ptirattiB and supplit- antl boitlli.fr aaaohlariT u all iu branche-. Jt has afqiuretl aud fon-solidatcl tin* hiisi/iess ancf plantb' of tuo fo!lowjtii_ rjerns: Jdba .Manhc-.vs, Xcw-York; A. D. J'ufT-T A- Boaa Maaafketoriai C-Hnpaajr. B&su.n; Jaaaea \V. Ttift*. lloston, and Charles l.ippincott A: Co., 1 .liladplpliia. There is no mortRiiKe on any of tbe property, which oonsists ?f rral 8.8888, nian.i 1;k torio's and st<x.;s an.l goo.l-\vi!l, uad tlie l>y laws of the coin|uiny provide thut na bond or mortjiH^.- hlmll 1k- i-r.-.t.-l wiiliont tlu- Htiihoriza tlon of ?0 ut rent of the proferrod stocltholders, aad that h liUe vote is re(|iiire(l to alter thia pro visioti of the hy-lnw.s. The roinpany toolc rhar_e of ull the properties on .I.-iiuarv 1, Tlii, _MB_ BM no dobta or lial.il.lics. B8T8 suoh a? have been ln eurred -ince lhat dato in carrying on the b.i-ii ?aaa Tbe capiUil stock tl ditided into 12...00 shareB of Crst preferrod . umul_tlve ? per opnt, atoak. 12,500 sharea af aecond preferre.l cumulative 8 per cent htock an.l 11.800 sharea of general common siooU. One-half of each of thetse cl-_8-e8 of atock la ollered for pubiln aubBcriptloii at par, tbe nar valuo af abaiaa bcinff $100. There are none 01 the features of a "truat." 8_-called, about the new oompiuiy. Its acqiiirca property n___ beeu appraiccd aa loi lo.vs: Keal e?tale, |U_.t__: ??*'kn ?'" ' ' " nt cost. $1,352,130; manufacturing plant at ... h below cost, $200,000; workinz napital Of $500, 5JJ U, S .r-.u'd.-'l fr..u. biHs reeeiva. rte .1 bv !ie-se\iral vcndors, who guarnntee their p.i.\ ent t,r,he company: The Uks und acoouns of theae vendaH have l?een examine.l bj II. r Un.,., Tlbhetla A: 08- e-pert-accounta. ts. WBe icrt.fy that the aggregate aales for the laat fo r vei.rs have been 5110,1.... ,151, or 8B 6,68668 61 $2.4;;H,o:t7 per annum. The nel! proflwita the MBM pVri.id have lieen $1,677,609, or HW*f yearly Subscrintion books will be X-TlVnh ?!" kneously la New-York, Bo6tOB, ft'laJjP^J ('hioi.go and San Francis.o on March 0. and wlll be closed on Marrii 11, 1 (.01. ..... __ ,_._ Wk-low. Lanter & Co. pay as "^al^ *"tc0rJ eat_ aiatunng March 1 on a large number of securlties. RAILROAD EARNINGS. BALTIMORE AND OIIIO BOUTIIWESTERX. ,__,. 1800. ._a1 Number of mll._... ..____ fn;.*li>8 842.-i.il fSVSTfSrfi. 800.'72l B23.K71 lS.686 JM- .inci^ati/jacicson and ^NAW$rCM0 Thlrd 8881 ... BM. 616.6JB 810.300 gg.840 ^d^uA^AL^Y AND CHXCAOO.^ SSJ^&t^::: gjg _? 8U& Jaji. 1 to Feb. 21. *67,18I._,,/. M.RTUEBN FACIFIC. o Mfifl 8 2S0 3,60) Number ot mlle*.-. ,,.1'SJ? $346,405 83f._ib.'J Lh,^,Wu.V'bF'l. -5m:?S2 aloSMOO 2.842.313 jan. '? ""oHIO JUVER. 215 200 200 Number or m-lee. jir.479 $10 738 ...a.... Thlrd a*ee6 ln Feb. *?_'g,lJ ' . . ,,U1' TO_i_.0. COLUMBUS AND CINCINNATI. M^ffib.""- "gjg ftffl StfS ..?. 1 I. F,,. SISC0NSIN C^TRAla. ^tS^ Si"PAVIa AND EAJB6J OTT. . . i~ v. *i?l SH3 874.6.U ei.l.o.e. Second w.'.'ic ln l-'t).... WO.r^j a Mtt E c__VeLnd/a__r?'aND COLI^MByS. J?a6Jlff?-" ?#! 1*8? 88*8 J4n- ' DCTKOIT. BAY CITY AND ALPENA. Number of mllea^....... ___ffi $12,C1H 810.442 BecSkd weak to Feb-. 8W8W * ?,._?,_ Jan. 1 to leb. 14. ?'?'? _________ ERLANGER SYSTEM. Number of mllaa........ g->4_f ?l?du 6160.2MI iwaaktoFab-- ?jgJ'Sl CoM.071 1,040341 *?? FLORIDA CENTRAL AND PENINSVLAR. Number of mllea........ _-.?6nT4n 825 5D2 831,171 J_rtJrWi4*:::: SS -88- a.s? ,KAND TUUNIl ICANAI.A,8 Number ofmilea........ .;v;.'r] $840,045 8327/,^30 f-eeond week ln Feb.... ?"?_? ^e.a,^ 2,327,65? jan. 1 U, *J_5}_^_S MICHIOAN. ?nn 10 hmW Number of mllea........ *-" ?4.bH3 85,beil Second week ln heb. 30,04.1 34,428 Jln. 1 to IVb. 11. .J"',.__.i_u_u KEOKUK AND WESTERN. Number of mUea...... |g ,-g*0 ,784.S ISTfSrVi.^"'." W.841 40>5 44,342 J"' LITTLE ROCB AND MJEMPH1S. n^rr: $? "SW *? bT. LOU1S, ALTON A_*D TERRE HAUTE. (Branch Llnea.) Number of alle*,....... _^iH ?03 747 827.fi30 J_tt*raVi^" ?8 ^?:^? ara TOLEDO. PEORIA AND WESTERN. Number ofrolle* ....... a,02i? $20,557 $10,808 Sirita^i^if*::" E?:S8 iSo'.oso 107,329 CHICAOO ST PAL-L, MINMAPOLIS AND OMAlIA. Monlhofian.. ?0?,034 8488^800 848...73o CHE6APEAKE AND OHIO. Month of January- 18^ 1801 ?M?8. SSSt^Sfe""J___~ __J_?__? t>ec._j^26 Net earnlnga. 8100,003 8107,705 Ino. 807,072 July 1 to Jan. 31- 4,704,270 Ino. 502,310 gSL__rS3^::::_i^K aiA^s inC._fcoo Netearni,,,.. 7 -^?-'M-MVr1fn\^.ln;-IS02'8U NF.W.YORK. LAKE KRIE AND WLSTER.V Monlh of January- 183^ _._?%, ?^;:9 85!i_fS$te::::::5____? .h^3^ ~m&' Ni'tearnlnpa. 8542,527 8612,400 $577,252 DS1ih;rt::'".d"0.to_ 177,215 mb^h *66,4m 88$ 8888-61 . 8305,312 8422,825 8387.801 Ort. 1 to Jan. 31- $0 027,810 80,777,078 gS^e^see:::::::'!:^:^ jw 1w.b6b RaaaaaaBtaa....'.$3,040,300 $3,247,ooo 86,14^107 D.-du.-r. i.ri.pnrtlc-.. due to 0$0 as5|031 880,_90 l03(.i'(l ll!.' rt. . .. ?*. ^^^ ____?.?? i i Netfor4montha.62~2n3.2<30 82,302,878 82,255,517 EUROPEAN F1NANCIAI, MARKETS. London, Keb. 28. 2 U. m.-tanadlan PaeiUc, 79 i Mexlcan Ot~nary, Wt JOTVa'afSKaaTlli tho o,,.n market for both ahort, nar^ffq^aV^^S- 05 franea 20 een tiii.es for tfee aceatuifc_ ' _finannal. $3,003,000 FIVE PER CENT 30 YEAR COLD BONDS, IMUBB JOINTLY AND SEVEKALLY BY TIIE MNEAPflLIS STREET RAILWA. COMPANY AND THE Mioneapolis, Ljndale and MlnneUnka Railway Company, Beeured br a FIRST (ONbOLIDATED MORTOAOE on the r.ropertv of ihe 1188. and by a FIRST MORTOAGE on the property of the aeeond named eompany. Due 15th January, 1919. Tht Farmer's Loan & Trust Co., Trustee Interestpayable 15th January & 15th July. llon.la ln Both Begiaterrd aod Conpen Form, nnd of 81.000 eneh. Both prlnclpal and Intereat i,avable ln Nrv.-Ycrlc, ln gold coln of the fnlted Btatc.a, of preaent atandard welfht and Onenfi*. _ The ofllelal auteroenU (J the Company ahe w: jNfleU monO-S. fM.n 1st Julv to 81at ifllflBflflflr. lStft and 1MO: 18OT. H-00. lnen^w.. p. c. NetoanlOBa .A.*a:,fyn 8185.8,.. 8ft 888.008171 100 Intere-it on bond? Ior alx n,*nth?. 1Q.).82_ no fcurplua for alx niontha.????1_BT1_H0M Yot two mon:h.*. from _at January, to let Mafch, 1690 ant lf.'il (eeU_a*e- io. laat u_,i-> ui , riiroary, leiiij: inc. ISOO. lfe'Jl. Incroaee. p. t. N rt earn ln ga .... ?1 JlCd 07 848.000 00 i3.>,M.* N 2 M intereat on b-mda for t*^oinont_n.. ..jW,4<1 0, Surplua Ineicne for two montha.811,558 83 The underiHRiii'd oder tlie above bond* for ealc ut 00 per eent _nd ai-1-n..il Inlereat, on tho fullowlii). Urms of pay ment: _^_ Ou applicatlou, 450 00 per bond. On allotn.ont ..900 00 pa>r twiid and aeenicd tntero.t. Th,- Butisniritlon U-t ?lll b.' c p-m-d at the ofllce* of the unde-Mg.i-d "0 Uie Btomlafl of Hu Mareh, and will c1,,k> ou the uftiriioon of btli Mar.h, allotnieiita belng mad.i a? pruniptly i_a poaalble Biereaiter. For Q.-ulU-d .nformatlon. lua.-tura are referrfd to the nroeiH'i-t'ia l?a-jed b] tli ? und, i-u'i.'d. whleh i-ontalna an ofticlai atatemeat hjr Un Ptflaflaeal of u,e Mtoaaaa*?i fcjtreet Railway Coin|ioiiy. ______ AUBileatlon wlll b- niado to have theae bonda llated ou the New-York Stook I-.x-Lange. J. KENNEDY TOD & CO., NEW-TOHK. Mjrch 4. 1801 ?_ The Denver Water Storape Company Coujhi.'i No. 2 on tin Ki.nt M',t __8 '? t*t Oflai 1660. Ye*r Gold Slnltlni. Fund I)oi:(la ?r tl? al?v<> compuiy, ,j?.,. Mar.h 1 1891, wlll ln-pald on pr -..itaUoii to XIIL. SfAXlj Till'sT CO.. 5C- Wall St., New-Fi rk. _CABI-ISLK N. .-KI-H-, Tieaaurer. \fAXlJATTAN TRUST CO. CAflTAI..~.61.000,000 CORNER OF WALL AND NA6SAU 8T8. A Leaal Bepoaltory tor Court and Truat Funda and Oeneral Depoailta. U8E11AL RATES of INTKKI-T FAID on DALANCE6. The COMPANY Ia authorl/<d to act aa EXECUTOR, AP', MjillUlOR, H.AllDI\N, RECEIVKR and TRt'STEIi; aa FISCAI. und TRANSFF.ll AUEN1' and aa R_L.IIbTll.Vft of Sl'OCKJ. and KONUJa. Th* eeiniiany o.Tcra to ex^cutora and truate** of eatatA* and to reluMoua and Unnrole.,1 Inntltutlons ei epiional _atUiUe? for Ihe tranaacllon of Un Ir bualne**. OFFIC-RS: F. 0. FRENCH, Prealddit. __ J. I. WVIKIIIUKY, Vlr..Pl_ldenL A T. FRKM ll, Beei tarr _nd Treaaurer. DIRE^TOKS ? _ F. O. Frenea, N. T. K w,, Cannon,JT, J. B. J. CreaalK. T. Joliu K. Fdrd, N. 7. U. L. Hi|.'.!lnM>n, Boau*. T. J. tfeoliajc;, Jr., Boaton. Aug. Bclmoiit, N Y. Jamea 0 Shcldon, N. Y. I_. D. K?< acph. N. r. A H. &?tifW<JiHY 0 C I-ald, ln>. Y Barn. t\ ?<hlpley, FUOa. Chaa. F. Tm _L V. R ?._WrtHt 1Y. YT Maraliall F16d. .'..leafe. { I WaUrbury, N. Y. Ex. Nertea. N. Y. "? 0. Nertheofc, W. T. iinonnoi, 8. V. WHITE & CO., BANKERS, New-York and Chicago, *HR 40__-_HHSn TO OFFER FOR MBSCRIT. ilON THE UMIEIIMEXTIONEU BKITKITIEB OF THK (Incorporated ander ihe lawa of tho State ol New. Jrraey.) CAPITAL STOCK, $3,750,000, DIVIDED INTO 12,500 _________ FIRST PREFERRED CUMULATIVB 6 FER CE.VT STOCK. 12,500 SHARES SECO.ND PREFERRED CUMULATIVE 8 PER CENT STOCK. 12,500 SHARES GENERAL (COMMON) STOCK. PAR VALUE OF ALL SHAREB. D100. DlTldeuda on ihe Brat and aerond preferred aiock will be payabte In FebruBrr and Ao.uat of each year. DUldenda ci Ihe rommon atack will be de clared ond pald only al ?ho ead of each Baeal year. AMOUlfT OFFERED. Onc-half ol each ofllic abovo se ruriiios la oili rdfe lor pnblic subscrip tion at par. _>abacrlpilooa will be pnyable aa followa 10 PER CENT OB APl'LICATION. ao rr.R CEUT OB allo'I.me.vt. 80 PER CMBT MA1U II 28. 1801. 30 PF.R CENT APRIL 9, 1801. TIIE M-lisCIUPTlON LISTS WILL T\K OPENED SIMfLTANEOUSLY AT 10 O'CT.OCK A. M. ON MOW DVY MAKC1I !), 1801, AVI. Wlf.I. O&OBB OB OU BB FORE 3 OH_UOCB 9. M OB wednj_sday, MARCH 11. 1801, AT THE OFFICES OF B, V. Whl.c Bc to.. 36 Wall St., New-Vork, and I Sherman St., Cl.l.-.iit.i. III. i lintl.u... Nnlloual HanU, New-York Clty. Blarkstone ...iloni.l Hnnk, Rostoii. ,1, iKiimliinii National Bank. Boatoo. , Nnlloiinl Bank of iho Hepuhlic, I'l.ila. Nortlawestern Nnlloiinl Hank, Phlla. Flrat Nallonal Dnnk, *an Frnnrlsco, Cal. John II. Mntthew., MS Enat 'iHlh St., N, V. .I......? \V, Tnfla, H.i-ioii or Now- York. I'hnrlra Llppincolt, Plillndelpliin or t'liicaao. AMn 1>. Pofl'er, Uoa.on or New-Vork. From vrhom prospectuses and forins of appllcatlon can bc obtalned. All ?har.'8 la-ufd will bo f-llpald atocfc. Stockholders wlU havo no personal llsiblllty. There la no mor.j>age on any property of tlio company, ai.d tlu: l-y-Iaws prov.de that no bond or in.rtgage can bc aHAtm ivitiio.it the corseut ..1 nlncty por cent of the pre ferr.d atockl.oldors. ard that thls, ptovKon cannot bo altcred except by tho llko aWrniatlve v.,t>-. This company 1* formed to takn over and earry on tlio buainess of manufacturlnii ?.>_* M-t-f aapaiaOM and s.ip pllea aa l.ltherto conducted by tho followln? cstab.i_h_.icnt-: The Firm of John Matthews, If. T. K.t,.l.ll.l.e.l is:j'_ A. D. Puffer & Sons' MTg Co., Bo?Con. Ealnbllabed UHM. Jaraes W. Tuft-, Boston. Katnbllshed 1M63 Charles Lippincott & Co., Phila. Eatabll-l.rd1.-63 The buslno.... transferred ln each case ls lafeaa ov.-r from January 1, 1801. Tho company has no debts or Uabllltlcs of any des.rlptlon whatever except obltgatlons neeessarlly _acair__ ln tho conduct of buslnoss slnco that date. Krtii-i r,.r of Ihe Stock. BOSTON SAFE DEPO.MT AND TRUST COMPANY, boston. Trnnsfer \_n.i- lu New-York. MESSRS. a V. WHITE & CO. Audilora. nART BROTUERS. TIlinFTTS. & CO., LONDON AND MW-YORK. Dlrectora. JAMF.S W. TL'FTS. President. ALVlN I". rt"!-! I'.lt. I'lr-t Vl'-e-Presid'^nt. ..l.KREli II. I.iri'INCOTT, Second Vl-fe-Fresldent. jAMEfl B. NORTH, Ircaaarar. JOHN II. MATTHEWS, af the lirm of John Matthews. FRANKLIN \V. HOFKINS, of the flrm of S. V. Whlte k Co.. b.inl-.'r-t. WALTEE S. HLANITIARD, President of the Metropoll tan Hatfeaal i!..n'>. Deatea. The busln.ss of tho corporation will bo rr.ai.ag> d by JAMl-S W Tfi-Ts. .IAM1..S N". NORTH. ALFRED II. L1PPIBOOTT, 9. HA/.AKIl I.II'I'INCOTT, DAXIEL J. pi l FKR, an.l LUTHKR W. PHFBEB. Enrh nn.l c-Ti-ry one of llie present -endora, whelhei rmploypd Inihc new rorp.irntlon or not an cmployed, hn-e -isiied n contract not to eugnge or compete ln any ?Imllnrbualneaa. STATEMENT OF VENDORS. Nnture of Hualneaa.-Tho buslness of th f o concerna eontl?t? of the m_.ni.-act.iro and sale of soda-water apparn tus and stippll.-s, and bottllng inaohlnery In all IU brauches, ln whi.-h d.-i.artment of Induatry they constltute tho prin . lp?l establlslim' uts ln the world. Frooei.y C.niTeyeU -The property ronveyed conalsca r,f r.nl e?tat -, free and clear of lnetimbranee j tha entire inanufa.t.irliiB plant of each of the severai concerns ; th.-ir Itlga st... k .,f l-,,,,'I-, nmiuifiutured and ln process of manufacture; mat.-rlals, machlnf>ry. appllances of all de scrlptlons, letters-patent of the Unlted States to tho num. Ir- | .,f more than on.- hulidred and forty, and the good will of all the old eoiicrna; bllla recelvable held by tho , v. ral vrndors are aNo Included, to the amount of 8-00,000. The payment of each of thoae ls guarantecd ? , th>' ,-onipany by BM \endor ln whose bu?lne_s lt orlgl nat"d, and a worktn. capltal will thua bo provid^.l ? q'llv al?nt to 8.00,000 ln money. The pro|ierty conveyed to the company may be thua numi-arlzed : r.eal Eatate. 81I7.MMI7S - t . k nn li.mdni Coat. UBBB+IBOM .llaauf-rturlna I'l.u... nt nn.-h below r01,t. MO0.OOOOO .lorklog ('npiiul to 'bo pro-ided aa abova. 300 000 00 SE_.400.000 00 The ahove includ-ia nothlng for the patents by which tbe good* mainifarturwl bj Uu. retlrlng linn- ar- |ir,,tf,t:-d n- f r tho Kood-vtill wnl. n, -flth ro.p.ct to each .oiucrn. rejirf-.-nts a _outlniiOU_y s'iccrs.-f.il buaiii"..- .ai-.-r, ,'.\ leiidlng, as f. two of thum, for more Utan flfty jreara, aud, aa to th'' other two, fo; cosislderably m..r>. than a .tinrter of a centui f, The book< an.l aceount- of each of the -rndprs have br.-ii.iib.iiiti.-.iio Waaaia 1IART BBOTBSBO. TIB BBTTB __: t'OMPAM.. the -.'ll.knni.-n experl nc ?'...intnnl*. from wboae .ertlli. oi.v whleh ls aet t'o.ih In full in ihe prospectus, the followina ia an .-viru.ii i ??TheA(i(_RK<_ .TE BALBM FOR TIIE FAHT FOI R VBARB IIAVF. B___B 810.13J.151 ??. BQVAL TO AN AVERAC.E OF S_.33_..037 111 PER ANMM. THK NKT PROFITS FOK THK 8A.VIB FEIMOO IIA-IC BBBB $1,077,00930. OR AN AVF.KAIJl. OF 8410.40.39 PEK ANM.H. Th,' it tlts for th_ las. t^ohe months ahow a con-ld orable Increane over ti,o-> nf any former veir, an.l Bm _._1hji have p- - Uly, as evld-ne'.l l.v tho fullow Ing stut-n.-i.' .',,v.-rliiR tl." perlod under examlnaUon : U_7..ToUl Mto..8,4.4>_7.439.11 m-8 . " . tl.31 .J.3--9 93 1889.. " . _M_M.tB4.il lbUO.. " . K.031,1_S19 lu. _ . * ?' 810. IM. 131 ?8 (MBaoa.) HART HM| TinilETTH & CO." II will be aeen that th-- av.raae year'.v proflt for tha past four years haa been 8119,401 39. Taklng thls aa ? baala and doducllug Ha per teut upon 31,'-30,000 Flralp.eferred ..lock.875.000 00 lij.1.' perrenl upon Sl .-.30,1)00 Hrcond prrl'erred alork.100,OOO.00 And ?nlnrie- of Hlx former owaera, who reinuln aa Man. nBrr,. 30,000 00 TIIFHE RE.MAIN-a ll'l'l.il llll.i; TO IHVII.END* IPON THE tO.MMON ?ffOCK THE Bim OF.314l_0_'...ft WIIICH 1H EQl IVALENT TO 17 PER ( _NT PER ANNTAI The-endor-. aarre to relula 'he own.-rsbip for flve -rars or ini.i-i-ol nl l.--.iti Ul.'Mill abnrra of (lie roni i.anv'a atock, rrprrae-jllna at pur 81,000,000, nnd _._.?->??>?* of .1.IHUI ttlinrra of C'o.nmon .ork and 5.000 -lii.r.s of aerond Prelerred -. ., k. Theio ?r.u rillea will be placed In Ihe poaaeanlou ol Iho tlo.ton ?i.te llrin>-ii .-..ni Trn-I I oi.isi.uiT lur tbe perlod men llonr.l. Meaara W. V AVhlle A. 08 and Walier I I5liii.lti.r_l, Eaij . Preaident of Ihe .letropalliaa Nnlloiinl ll.iuk of llntl.i... tiau ln\r .ilm.i. .1 llie buainesa nfl'alra of the aaveral veniloi'a aud le.-onimead ihe aacurlllea ortere.l aa e.itn <?!? worlhy ol" pu_.lt.- ronlldenee nMMM-Cflr_ra_M am? msmb ofiapplicatiom MAV BU OMTA1NEI) AT THE VARIOl'H OFFlt I- M, WHERE Hl I.-. 1-8 8 l liist WILL BE HHKlUii BOJMCBirTIOB I IBTB WILL CLOSE WED.VES DAY. MARCH 11, lb'Jl. StBAmtmX Louisville and Nashville Railroad Company. 35,000,000 UNIFIED 50-YEAR 4** GOLD BONDS, IN B0ND8 OF $1,000. Bonda.un be re?Ut*red eltber 88 te prlnelpal only, or may b* romi rtc.d into rcalaiered certiflcnte* ln nmoi.nl* of 8.1,000. INTEREST JANUARY 1 AND JULY 1. PR1NCIPAL PAYABLE JULY 1. 1940. botb prfdclpal and Intereat lu ?ol?l of preaent *tand uril of arrla.it and flnene**. TRUSTEE. THE CENTRAL fBt-K CO. OF NEW-YORK. Tlie l.til'isr1LLE AWD NASHVILLE BAIL ROAD COMPANY ha? cn-ated * 4 _>er eent. unlfled MBajBfaj lin.lted ln amount to *75,COO,000, ae.ured upou Ita maln Ilne *nd ' pon all ita llnea In tho Statee. ot Ken t.n.ky ar.d Tenneraee, lncl-dlnfi the Clnclnnatl Dlvlslnn, and further aeeured by a deposlt 8__ tho Truateo of bond* and aharea of the .omlnol amoi.nt of *2:.,809,100, fncludlnc a majority of the 1*8881 of all the Importont Hnes which the Loulavlllo and Na.hvllle C.B66_BI coiitrols by stoc!. ownor shlp, on part of which 88.8111188, however, the #1.521.000 10-10 adJusUneni bonda (which c_.n bo redeemed a/ter Nov. 1, 1804) are alrrady a BflBU Of tho 4 p. r eent. fridod Mortgago Eonds thus cnated, there have been set Mide to provlde for tho paymesnt and e.x tin.tlon of prior bonda $41,820,000, of which anmunt *5,_'89,000 are owned by the Con pany. The intcr. _t &n th_ out?Undl:i? bonds amounta to about 82,500,000 per 888888, wliile the net revenn'e from the llnee mortgaiied under the Unllled Mortgago bave been du.lng tho flacal year 1889 1800 al-out 81,400,000. The Deed of Trust unaer which the 4 per eent Unllled nonda have be?-n createel llmiu the Issue ln the tlr*t ln Ktance to $5,000,000 for tho corpontc purposes of the company, nnd 188668ti further laeues of bonda; lt pro VMafl that bends may be l.suc-d only in exchanje for e?lfllaB8lM "Idcr llens or for new constructlo.i or exten ?l,,ii, or further property acqulred, or for tho dlstlnct pur poses aet out apucltlcally ln the mortgage. In each case the bonda aro lssued under tlie eupcrvls'lon aud auth>'ntl uitlon of the Central 1'rust Company, and all new prop? erty of whatever nature constructed or nequlred, against which bond* aro taaasB. Ifl covcred hy tho llen of tho BMrtfaaja. IT DltmVCTLT *TIFl LATEM TIIAT NONE OF THK OCTSTANDINU PKIOR LIENH CAN HE BXTBBB-Da III T >l\*T BE REPLACED AT MATIRITY HY THE 4 PEU CENT. INIFIED BOND... Of tho l.ittT th. re have been Issued under tho provlslons of BM nwrtgago 1*7,011,0000, of whleh the $5,000,000 now oiTered forin a part. The share capltal of the LoulavlUe and Nanhvllle Rall. road Company Is 848,000,000. The company haa for a number of y:ar? uaed Its surplus for the lmproveitoent of the property and pald Its dlvtdond* ln stock. but tho la-t dlitdend for the half year endlng December 31, 1800, was ln ca.-h _t tl.e rato of 6 per eent per annum. Tbe flxed rliorge* for tbe lusl tNcal yenr amountcd to. B4.B*!,414.7'J Aaalust net reveoue from nll aonrce* of. 7.7*9,030.6:1 LvR-lnff a aurplua net Inc-ome ef.. __,_46fl.641.9l LOCISVILLE AND NASHVILLE RAILROAD CO., By (Slgned) EX. NORTON, Presldent. New-York, February, 1801. HI.FF.HKINO TO THE ABOVFJ OFFICIAL HTATE MENT, THE UNDERKIONED WILL RECEIVE SCB SCRIPTIONS INTIL 3 V. H. ON NAKCll 3. 1S61. FOK 8.1.000.0.MI I.OCISVILLE AND NASHVILLE 1MFIEI) 50-YEAR 4 PER CBST. OOLD BOND*. AT THE PRICE OF S* PER CENT. AND ACCRI ED INTEHE8T. XUF. lll.iHT TO REDCCE bUBbClUP TIONS BF.INli RESF.RVED. A SIMULTANEOi;S ISSUE WILL BE MADE IN LONDON, KRANKFOKT A.N'J) BWITZERLAMD, THUS OBEA-lira FOR THE BONDS AX INTERi. ATIONAL MARKET. KUHN. LOEB &, CO.. 30 NASSACST., NEW-YORK. HALLGARTEN &. CO., _:8 BUOAD-ST., NEW-YORK. fF TRUST CO. "* !_34 FIFTU AVE,, COIL _17TII 9T. Hranch ofllee. IN WalUat., and 3 \n*??u-?t. CAPITALand BUK-PLUB.$1,000,000.00 DESIONATED I.EiAL DEPOS1TOUY. Intereat allowd on d i?*lt?. ..hecks pass through Clearlng Houae aamc a* tl.o'e on City Bank*. Act* aa i;?ecutor or Ad .li'.latratur of Ejtatee, and aa Ouardlan, Reeelver. Regiainr, Tranafer and Unanclal Agent ? r Statei '??'??. Mllmdi and rorporaUons. JUHN I'. TOWNSEND, l'resldent, CHARLF.S T. Bai.NF.Y. Vice-Preeldent. JOSEPH T. BBOanr, 2d Vice-Presldent. DIRl.CTORMi JOSEPH S. AUERBACH, 1ION. IR.V DAVENPORT. HARRY B. HOLLINS, JOHN S. TILNEY. JACOllHAYS, E. V. I.OEW CIlAb. T. BAltNEY. Hl.NHY V. Dt.MOCK, A. F08TER lU'i'.UNS, J?)HN P. LOWNSEND, KOIIF.KT <i. IU..MSEN, CHARLES F. WATSON, HENRY W. T- MALL DAVID H. KINO, JK-, ANDKEW II. S \NDff, KHFDEHICK O. HOURNE, JAMES H. HEEM.IN, ROBERT MACLAY, i HARLKS ll. WELLINQ. WALTEB SI'ANTON. GrEN. OEO. J- MAOEE. <'? LAWHFNCE PERKINa I. TOWNSEND BURDEN. F*.ED'K L. ELDIUDOE. Secretary. .1. UENRY T< 'WNSENU, Aset. Sccretory. St. Louis, Iron Mcontain and Soulhern Raiiway Company. NEW-YORK. Feb. 21, 1891. T* Heldere of the Flrat Itlortgase Rallroad and Sink. Ins Faod Lnnd f.rnnt Bond* of tbe Calro and Fultoa Kntlrond Company. Notlce Ie herety plven to holdersi of Calro ar.d Fulton bonds that on precentatlon of same to the Mercautile Truat Company, No 120 Broadway, New-York, they wlll receive pevmont of tho princlpal of said bonds and accruod Intereat up to and lncludlng Feb. 21. 1891, on which latter date the bonda wlll ci..?e <*? d_raw interest. A. 11. CALEF, Treaaurer. .??, ICKElHE(?ffl4 V* HANK.EIIS. *' Bi Wllllsm St., corner Exeaauje Place. IE8CE Gircular Letters of Credit for Travelers Abroad, arailablo tn all p.irt* ol the vvorM, on io L'NION HANIi OI* LONDON. L'TD. Tbeao credlta euu nlno be obtalned nt tbe Flfth Aveuuo Uunl., 1 ttb M. nnd Blt At. im.XH'IPAL AXD ?ORPOUATIO.\ BOIfDS. Total lusues of Maaletpal Street-Rallrcad and Water Cciupany bonla bongh*. aud sold. 13 Uull Mtreot. NLW-YOIUi. BOSTON._CHICABO. HASKINS & CO., Ml'-MBEIl-S OF 1 na XEW-VOKK BXOCX E-MCllANOE, t?0 BROADWAY. M.W-VOHK. Aecoun.a *lotlcile<t. GEO. H. PRENTISS & CO., 37 Willlii?*>.. N. Y.. ninl -ON Montagiie St., B'klyn. LOCAL IHTE8TMENT SECURrTIES. Membor* ol tbo Near- Y,n * "lock Kacliaaa". New-York Security & Trust Company, 46 WALL Mi The New-York saeurity und Trusi Company wlll pay tno follo.ving eouponn aue Maiafe l, I3',"l i hAVANNAIl AND W1.MEKN 11. K. 1ST MOKTOAOF ( llATl ANOi'.iA, ROME AND COLL'.MUl 5j K. H. MIW. MOIllOAi-E tUAU..QX'.t- IIARIIOR l'HOM'HATE CO, . "VoTl.'K i" heri'by jriven thut tho under i. ' ?lcnoi haa made appll. atlon ror Ui? ,en*w.ii of crUllouto , No 1 OH'A for (40) fo.ty aliare- of ntoik of tlir l ult.-d Ruil roads'aml Canal con.pa..lea of NewJeraaTl i**ued u? I Wiu.am lil'ii'ip >i'l 'litid the 10th day of March. 1873, tho aam* havlnii been lost or daatroyed. ______ la. J I'l rli >N . _?5? moi. _ burvlvlng Truatce.^ TOL?DO AND OHIO CENTRAL KAILWAY, Toledo. Ohlo. Ba|. SOi 1801. Notlce.-Subatrlptloii* for th?i new ronin.ini ?to-k ,,f tli" Tol'-do and ohlo Crntral llallway Vomiianv, as P'T i-lri-ular <rf tl.l. tafle, wlll l>? i ra.,'.lvei liv tln Ct-iitril Truat Company, New-York, ou or lxfor. Mnedar, March 10th, 1801 Tranafi-r hooKa wlll !>?? ilo--"! Saturday. Fa-bruarv i'3, , 1801, *n" *U1 n*> reouinf.1 'I'lioaday. M_.r.!i 17. 1801. (im-half nf tlio ?toak u,k d.-lli-wd ou wedneadav. Manh 25 1801 Tm balanee on or .ffore Tneaday. Au?uJt <?_,' 1101. JOHN F. CLINE, becreUtfy. fimincml. ^ \ Tbe National Collection Bank of New York. Capital, $1,000,000. Simlis, $125,000. THE NATIONAL COLLECTION BANK OF NEW. YORK ls orgtinlzed und, r the National Banklng Lawt at the Unlted States and aul....t to the supervlston of tha Comptnller of the Curr. ncy. The capltal atock ls ONE .MILLION DOLLAB*. BA vlded Into tea choaaaod abnrea of ONE HUNDRED DOLLAK* <_vc_. The Rank ls iooated ln the Clty of New-York and will deal fhletty ln eountry ch>e?* and out-of-town bllls. The Now-York Clty banka reeelve fl-a?Jl__51_1d_2??,* out-of-town checks and bll - ln amouat fr-,, TWEI.VK ta FIFTKEN MILLION DOLLARH. These check. and bllls arw credlted to de_H.sitors aa ea?h. and the ba..k? are _-lii.biir-.vd when the p-per It rolleeted. The ir,e_hoda at rullection are slow and rxpewdrt, and render unavallabla more than fOHTY K!__l_lO_.a <.f <-_h l-gataaa. The plan of thia bank ls to purehase a??h cheeaa aat bllls for cosh, thus aHordlng t.i<- banka a nuu-ket In New. York for their country ch.-cka and hllla. lt la propos.-d ta nake the dla.-ount less than the preaent cost of < olleOion. ln thls way tl.<- Unk.t n-ceiv.- their BMB at once an-1 pay l_as for lt than before; Ireslden s_vlne the d<_avs of <-ol. l.v tlon, (?<.rr-..|r..ndeiits will bfl e< iecti- at commer. ,ol ceotrea throughou. the country to whom eertata territory will ba aliott-d; ind colk-cUons will b? n.a_. thtough thcaa Wl_ ?Unprored methods and amplo faellltlea these eeh lectlo-is will be made speedlly. at less coat and wtt* e<iual taf.-tv. A large volumc ..f thls bualneit-. thoroughly itv-t einatlzed and ..-onomleally rondueted, must nereaaartl* !;_.,.?.? th" eoat of colleetlon and produce subetAnUal proflt on the capltal aaaptorad. . . It la to be ob*. rved lhat slnce the-e ehecks and bllls are 'ndor-'d by ih- baii-* th.-rc ls praetlcally no rUk of losa. Thls Bank wlU not enter lato competlllon with the loeal bonks but will be a valuable adjunct In the trar.aactlo. of bankiug buslii"ss ln th" Clty of New-York. The Bank has assuranr.-s of large bualneaa ot once. anl a falr'sharo of the out-of-town colleetlona will lnaure aatts. fartorv dividends to its shareholders. Tho sp.--l.il feiture of The National Colleetlon Bank hereln bri.-tty outlined. ls lu no sense experlmental. II coiit.-n.platea no new busineaa nor any d.-parture frora ea. tai.lMi.d prlnclplee: |r, ls, ln short, a consolldatlon of th? colleetlon buslneae under a perfe. t.-d svetem. Tha present ahareholders conslder It anvlsable to ocgtn bi.?lne___i w.th a surplua, and for thia reanon have con. cluded to otTer the etock abov.' par. Tho dlrectora and offlcrs are to be choaen from the sharcholder,. Among the aubscribera to the aharea ara J.eY? Lanti.iig. Esq., President Broad Street National F. "w.14" Hayeg^K-ti'.. ' Vlee-Prealdent Preaton National ' Bank, Dr-tro'lt, Ml.-h. _ .. Ja_a5 Fox, Be*,, Tresldent Columbla Bank. New-York City Williarn A. Goodman, Eaq., Preaident National Lafayetu Bank. Clnelnr.atl, Ohlo. ____._,_? J. C. \'sn Blarcom, Eaq., Caahler Bank of Commerca, K, k. lUyden. Eaq.. Caahler RUte National Bank, Lln coln _N **_->? A. P. 'Wooldrldge, E*_., Preaident Clty National Baa*. ' Auatln, T*x. _ ? _ J. C Farge, Eaq., Preaident American Expreea Co., New York Clty. _ , _. Wells, Fargo & Co.. New-York Clty. American Expreea Co., New-. ork Clty, Adams Express Co., New-York Clty. ________ C. W. Hammond, Eaq., Caahler People'a Bank. Buffola. A. D. Lynch, _>q.. Speeial Bank Examlner. W_ahlngton. D. C, Benjamln J. Shreve, Eaq., NInth National Bank. New. S. >?' Clenie'nl, Eaq., President Marine Bank. Buffalo. N. Y. W. 8. Rlniball, Eaq., Preaident Unlon Bank of Rocbeater, N. Y. Tbomaa W. Cantwell, Esq., National Exchange Bauk. Albany, N. Y. '_____. .-,.-_ 8. O. Oleaaon, Esq., Caahler Manufactuters' Bank, Troy. N. Y. Robert S. Willlams. Eaq., Preaident Oneida NaUonal Bank, Ctleo, N. Y. , _ __. Jan.ea P. Downor, E?<i., Caahler National Bank ot Caatlo. ton, N. Y. II. Q. French, Eaq., New-Roch.lle, New-York. flerrlt f, Olen, Eaq., New-York Clty. ._ A. J. Kaudman, Eaq., Pr<_sldo_t Centr_l NatlonAl Bank, Columbla, Pa. ?.._._._,___. John K. Ewlng. Eaq., President Notlonal Bank of Fayette. Countv, Unlontown. Pa. A llmltvl number of shai-ea ar- now offered for s.ibserlp tlon at 8112.50 net ahare, payable a.- foUowe: Flfty pey coot of the par \alue when all the aharcs bave been aub se*lbed. and tho balanee within slxtj days.thereafter. THE ST\TE TREflT COMPANY. No. BO Wall M. New-York Clty, wlU NaatTa nubscrlptlona, lssue reeelpts for pavmenta thereon, and when the aharea are fulW pald will dellver tho eertinea-OB ot atock. The Bank reaenei the rlght to accept or reject any or all aubacrlp_lor_a. New.Ydi_> FA. 25, ie_l. ^ l-F.RRIT B. OLEN. TIIOMAS W. CANTWELL, BKNJAMIN J. NHREVB. Commlttee of Shareholdera. Cauggel: Mr, A'ngrew Wesley Kent. 52 Wllllam St. ^ THE ALABAMA MIDLAND Railway Company (Luverne Division). ISSLE OF $300,000 6 % First Mortgage (.old Bouds RBDEB.nABLE IV l_P_t9. Belna the whole amoont aathoiized ander the mort an.e at.the rate of 813,000 per mile, lncluding fall eqalpmeat. The bonda or* for 81,000 each, and am payabl. to bearer, but may be reglstered. The prtnolpat la due Dec. L 1C-0. The lntareat _? payable oa June 1st and De.en_. ter 1st. _ Tbo earnlnga ot the Uno alnce the begtnnlng of oper*. tlons have ahown a contlnually lnoroasOig aurplus over lnterest chargea. _ THE ROAD 18 OPERATED BY AND BELONU8 TO THE PLANT BYBTE.W OF BAILROADS. AppJicntron wlU be made for the lUtlng of the bonda eo tl>a New-York Stock Exchange. FOR II RTHKR PARTICILARB AND PR1CB APPLY TO P- J. Goodhart & Co., BANttERH, 24 BROAD-8T., NEW-YOKK. AND 71 WEST TRIRD _-T..__CI.VCINNATI._OHIO.-, Henca UM Railroad Company. ELBCTION NOT1CE. NEW-YORK, FEBRUARY 18, 1891. In aecordanc. with a eertaln Votlng Truat agn-ineot. dated _.pte_nber let, 1887. of which the Farmers' Loaa and Trust Company la Votlna Trust-e, a neneral mea,i? of the flrst mortgago and second niortma- A and B bond holdera of the Mexicui tfal_8Ml Railroad Company will be held at 12 o'clock noon, Menday. March '.'3, UN. al the offlce ot tha company. 8 Wall Maaa*. V?"*____,?M the purpose of nomlnatlng elght dlrect.r* to be elocud at tho annual meetlrg of the Company. Bool-a for th.. wglstraWon of flrst mortgago and - l mortgage A and B bouda, and for the tran?ter ti.H i f. -IU be cl.._ed at cloae of buslness. Saturday. March 7. and remaji i-lr>_?d unUl flnal adjournment of n.efUng. 1-The rlght to vote on bonda reglntered to tte ordar of any peraon may bo werclaed by the teglstared owaet ln per?on or by proxy. _!-Tho holder of any bond or bonda payable to beorei may 88888-8 tho rlght to vote thereon upon productloo thereof at the meetlng. S-Owner-. of non-reglstered bonds, by hav_ng the i_me llsfd a. provlded ln tl e Voiin? 1 ru_t Agrwement, by tha Sfci-t.ry of llie lompany, 6 Wall Street, New-York. ot by Mr.s__-. Matheson k Co., No. 3 Lombard frtreet, London, os listlng agents. not lat-r than lltt-en days hefora U.e meetlng, may exertlse the rlght to vote on the boi_U u _B8 d. ln per-on or by proyy. ANDREW ANDERSON. Jr., Soeretary. 0REGOX IMPKOVEMEXT CtlPAIf, The eoupons whkh I et-ome due Dec. 1. 1390, on tha Flr<t Mortgage bonds of thi Oregon Improvement Corn. pany will bo pald on pr ...itation and surr^nder U tha offlco' of The I'nrmers' Loan and Truat Company. No*. IU 11 20 and _"- wr.U__i.at-, New-York. on and afv? th'- 1st dav ef March prox.. to?eUver with Intereat upoo the same at the rate of 0 per 888* per annu_n from thi .at- of maturltv to tlie flrst prox. B. ... ROLSTON. Pr.v.ldent. Thd Farmera' Eoaa and Truat Company. BBw-TaaB. _____ - ''? 1S'_JL_i-? KOUNTZE BROTHERS, BANKERS, 1_0 Brondvii-., Eqalta'jlo Dnlldlag), A Gearral Banklnc llu.lnes- Traaaaetad. Drpoetta recel?ed .ubjet-i to c_a. ck at elabt. Interest ulloned oa dally balaacaa. Leitrra of I'redli Is-ued. Seattle, Lake Shore & Eastern Flrat Mortgage Bonds. M8N8I and prtnclp-l gu*r-Ot-?* by North.ru Pacltlc R. R. Co. A Umlted amount for aale by WELLING ___ MALCOM. 51 EXCHANGE PLACB. Oiui&en- XoUcc_ MANll.-lTAN BAILWAY tOMl'A.NY. No. 71 BROADWAY. ?_ ,a<u NEW-YORK, February 2?. 13,!1'_|_ TWK.NTYMG1ITII l>l\ 1l)hMl-A l_k__?9 dlvl.l.iid of _B8 and one-half per cent on W>? 'f'^J atovk of ti.ia .?u panv haa baaaa declared. I*x,nv *i__? otttce on and aft.ir Ai.rll la*. 1^1)1. 1_| t:a..afrr booaa will be cloatd on Saturday, Fehn.arr J8. ?. J _,_i?V_ '? -* >^-*g| ^^IlTiam"^/-^^ a B_