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New-York tribune. [volume] (New York [N.Y.]) 1866-1924, March 02, 1891, Image 10

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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_

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