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February 14, 1884.] Grande \Western Firsts 1 per cent, to 71; Metropolitan Elevated Seconds 2 per cent, to 96; Rome, Watertown and Ogdensburg Consols 1 per cent, to 69, and Ohio Central Incomes to 13£. B a n k S t a t e m e n t . —The weekly state ment of the Associated Banks issued from the Clearing-house on Saturday last was technically a very favorable exhibit. The changes in the averages show an expan sion in loans of $3,074,700, a gain in specie of $4,274,500, a loss in legal tenders of $897,400, an increase in deposits of $6,324,300, and a decrease in circulation of $92,100. The movement for the week re sults in a gain in surplus reserve of $1,796,- 025, and the banks now hold $21,094,400 in excess of the legal requirements. The banks gained $1,550,000 through the in terior movement and $2,900,000 through the operations of the Sub-Treasury. F o r e ig n E x c h a n g e . —The Sterling Ex change market was dull, but strong toward the close, owing to the continued scarcity of bills and the hardening tendency of money in England. The nominal asking quotation for sixty-day bills was marked down jc. on Tuesday; but on Thursday both were marked up £c., closing at $4.86£ for sixty-day bills and $4.89£ for demand. The latter is nominally the gold exporting point. Actual business was done at con cessions of £c. to lie. from the posted figures. Continental Exchange was weak. The quotations for Francs were marked up from 5.18£@5.17£ to 5.18f@5.18£ for sixty- day bills, and from 5.15f @5.15 to 5.16£@5.15| for checks. Reichmarks declined from 95@95£ to 94£@95 for long, 95$@95£ to 95f@95£ for short sight. T H E FINANCIAL ITEMS. Insurance stocks are in steady demand in the belief that better rates of premium will soon be demanded. All the leading corporation^ of this class are now doing fairly* well and paying their usual dividends. They are moving very safely and cau tiously, however, during these dangerous Winter months. There are a great many fires, as usual at this season of the year; but the losses are well distributed and cause no special anxiety. Howes & Co., bankers, of this city, say that money never was such a drug in New York as at the present time. It is not wanted, even at the low rates of 1£ to 2 per cent, interest, now prevailing. Conserva tive men are vigilantly watching the move ments of our political statesmen in Wash ington, to see what new side blow they may give to business. This is presidential year, they say, and they “ must do some thing to help the party next November.” Never mind, one would think, what dam age is done to our financial interests. Our life insurance companies have, as a whole, done a very successful business the last year; and they are all quite hopeful in regard to the future. The rates of interest are so low now that they find it very diffi cult to loan all their surplus funds at satis factory figures. Those companies which have adhered to the old established rate of premium (and they embrace a large ma jority^ are now quite happy. Others, less wise, are soberly and anxiously waiting a change that is not likely to come to help them in their foolish experiments. The dry goods trade is not yet very active, but is quietly moving along, in sympathy with other branches of business. Collections are good, while the retail trade in the interior continues only moderate. Buyers at wholesale and for the retail trade from distant cities are moving with great caution, supplying only their wants for immediate consumption. The local failures which are occurring will throw the trade into stronger hands and in the end help business in this line very materially. Railroad stocks, it is generally believed, are now quietly moving into very strong hands. The low figures prevailing for this class of securities are too tempting to be overlooked. Assuming these rumors to be true, we may believe that prices have touched bottom. The see-saw movement upward will not probably be very sensa tional, but quiet and firm, so long as these experienced manipulators are at the helm. There is some talk of gold shipments to England to supply the present continental demand for the precious metals. We do not put much faith in this talk, as facts and figures relating to the balance of trade are all against such a movement. There may be a few millions shipped, but no amount that is likely to cause the least un easiness. Deputy Commissioner Denis F. Burke has been examined as to the basis of his valuation of various properties in this city, and has testified that he had made his valu ations from personal knowledge and inquiry with the design of fixing the value at the amount the property would probably sell for in ordinary circumstances. He valued the Mills building at $1,455,000, the Drexel building at $800;000, the United Bank building, corner Broadway and Wall Street, at $1,000,000, the site of the old Post Office, at $600,000, the Times and Potter buildings at $375,000 each, the Tribune building at $600,000, the Park Bank, at $734,639, the Herald building at $450,000, the World building at $150,000, the Express building at $95,000, and the Sun building at $150,. 000 . BROWN BROTHERS & CO., 59 W ALL ST ., NEW YORK, B i l l s of E x c h a n g e on C r e a t B r i t a i n , Ire l a n d , a n d F r a n c e . ISSUE 0 0 M M E B C I A L a n d T R A V E L E R S ’ C R E D IT S , L. C. HOPKINS & CO., 53 BROADW AY, NEW YORK. Commission M erchants, Brokers. GRAIN AND PROVISIONS IN CHICAGO, ON MAR GINS, A SPECIALTY. We give prom p t personal attention to out-of-town orders. New York references: S. V. W hite & Co., 8 and 10 Wall Street; Boody, McLollan & Co., 58 Broadway; H e n ry C. Bowen, Esq., I n d e p e n d e n t . Chicago corre spondente: Wm. Young & C o.; McDermid, Russ & Co. IO W A F A R M LOANS. Eia-lst p e r cent, n e t annual interest, p ayable in New York Exchange. Address, CITY BANK, Forest City, Iowa. O ~ 1 1 IN THE WONDERFULLY FER T ILE W R E D R I V E R V A L L E Y , IN NORTHERN DAKOTA AND MINNESOTA. Personal acquaintance with men a nd values. The first money loaner in the Red River Valley. Over 850 loans made here. Only two men behind on interest. Never have h ad to foreclose a Red River Valley mortgage, and have n e v e r lost a d o llar of principal or interest on any loan made here. Interest collected and sent to you, FREE OF COST, each year. Loans as S A F K A 8 TJ. S . B O N D S and P A Y X E A R L Y TH R E E TIM E S A S MUCH. I am known a n d recom menaedby leading b usiness men and clergymen, East a nd West—men for whom I have been m aking tfiese investm ents for eight y ears past. “ R E F E R E N C E S .” Rev. Wm. L . Gage, D.D., H a rtford, Conn. M. E. Gates, P h.D., LL.D., Pres’t Rutgers College, New Brunswick, N. J. Rev. Wm. A. Patten, Kingston, N. H. Hon. Wm. H. Lyon, 483 Broadway, N. Y. Rev. J o h n W. Ray. Lake City, Minn. Dr. J o h n K. Bucklyn, Mystic Bridge. Conn. Im p o rters’ a n d Traders’ National Bank, New York. First National Bank, St. Paul, Minn. Lake City Bank, Lake City, Minn. All are pleased with my investments. Circular, with full inform a tion, references, letters from old c u stom era. and a N e w M a p o f D a k o t a s e n t f r e e on appli cation. Address E. P . GATES, E res. M e rchants’ Hank, Mention this p aper. (JR A N D F O R K S , D A K . Per Cent First Mortgage Loans M IMPROVED FARMS BAIED & BRADLEY 9 0 L a Salle S tree t, Chicago. E stablished ........................................... 1857. ON COMMISSION and c a r e u __ and r e m i t tances m ade prom p tly. T A X E S and Assessments looked after and T iO A NTM on F h 8* Mortgage for a term of years 13 carefully negotiated. J. & W. S E U G M A N & CO.. B A N K E R S , 19 BROAD ST., NEW YORK, ISSUE LETTERS OF CREDIT FOR TRAVELERS, PAYABLE IN ANY PART OF EUROPE, ASIA, AFRICA, AUSTRALIA. AND AMERICA. DRAW BILLS OF EXCHANGE AND MAKE TEL EGRAPHIC TRANSFERS OF MONEY ON EUROPE AND CALIFORNIA. J R A P I D ACCUM ULATION! Can H a n d le Sums Large o r Small. S o l id a s E n g l i s h Consols o r U. S. R o n d s . For C ircular address the Central Illinois Financial Anency, Jacksonville 111. P a r t i e s D e s ir o u s o f D e a l in g i n will do well to write to or call on the old Banking House of H O W E S # 11 W A L L S T R E E T . N E W Y O R K (Formerly HOWE8 & MACY). This house transacts a general Stock Commission business, with very large experience. Interest allowed on deposits at 4 per cent., payable on demand. To Institutions, Capitalists, A N D O T H E R S , H a v in g money to invest, or Unit ed States Called Bonds pastdueor tailin g due, or, who are contem plating realizing the present high premium 011 1 l-2 s and 4 s, we may he able to suggest other desirable investm ents w h ich w ill meet their views. W e are giving attention to the w a n ts of conservative investors, and are prepared at any tim e upon request to do so, to forward lists, descriptions and prices of the most approved securities to be found in the m arket. Accounts of banks,Corporations, and individuals received, subject to check at sight. Orders lor the purchase or sale, 011 Commission, of all m a rketable Stocks and Bonds executed in the Stock E x c h a n g e or in the open m a rket. Called Vnited States Bonds Received at full value in exchange for Governm ent Bonds (uncalled; or other approved securities, of which descriptive lists w ill he fur nished on application. F I S K & H A T C H , 5 Nassau St., New York, M O g y E Y L O A N E D a W 8 B tH mm a on improved R E A L E S T A T E in St. Paul. Minneapolis, and other prosperous cities in Minnesota, so as to n et lender ■ payable i_u njLU-iueooui, no 40 x w PER ANNUM mallyu in N. Y. Exchi n a ll y __ eervanve valuations. Ample secu rities. 14 years successful expo, rience. The best of references. W rite for Circular. Address COCHRAN & NEWPORT. St. Paul, Minn. P R A T T A CONE. R E A L E S T A T E LO AN S . A b solutelv S a f e I n v e s tm e n t s in first m o rtgage notes on improved Real Estate m the rapidly growing city of Minneapolis, a t rates of interest to net a larger income than a n y o tner Safe Security. Principal and semi-annual interest collected and rem itted in New York exchange without expense to our clients. Full details given on application by letter or in person at either office. Best city references given. A lim ited am o u n t 01 8 per cent, notes u sually on hand. E l e c t u s A. P r a t t , R o b e r t D. C o n e , Union Nat. Bank Building, No. 7 N assau St., Room 28. Minneapolis. Minn. __________ New York City. _ ORTOAGES The Kansas-M issouri Loan & T rust Co. W Y A N D O T T E , K A N S A S , * 3 - C A S H C A P I T A L , 9 7 5 , 0 0 0 . “©a Negotiates onlv the m o s t d e s ira b le loans, se cured by first Mortgage or T rust Deed on In i- nrovecf F a r m s in Eastern Kansas and Western Missouri. A b solute s a f e t y and s a tisfa c t io n . Interestand principal collected and remitted idthont expense to investors. Extensive experience. Loans never exceed on e - tliird value of property. Choice Municipal and County R o n d s constantly on h and e r mm m. a A tx We refer to any of O O E&fi Sffl ST* I the following: North- w f ragffj 3 M I rup&Son.Bankers.or o B. J KmSE 8 M n Bank of Wyandotte, msS W I 9 K t f V ■ Wyandotte, Kansas; Armour Bros. Banking Co.. Bank of Commerce, Bank of Kansas City, o r Citizens’ National Bank Kansas City, Missouri; Douglas County Bank, Lawrence, K a n .: J. D. Browne, Pres. Conn. Fire Ins.Co.,Hartford,Ct.; R.L.W right.Jr.. of he Fidel ity Trust aud Safe Deposit Co.,Phila.: B McAUas- fcer. L and Com. U. P. K’y., Kansas City, Mo.; H. C. Keiler, Leavenworth, Kan.; J. A. Lippincott, A.M., D.D., Chancellor Univ. of Kansas, Lawrence, Kan. T o - n / ^ T n o y i c netting investors b per cent. L t t R t f j L j R t U a Principal and interest guar anteed. G u a ranty based on capital of $75,000. Re fer to any commercial agency. Send for circulars. Texas Loan Agency, Corsicana, Texas. ______________ D C K I C I ifTh EV 1 6 tor an>' disability; also, r h i S v w l d Heirs. Send stam p s lo r Xew - Laws. Col. L. BINGHAM Attorney, Washington. D. C. ESTABLISHED 1855. Col e J r a r s & ( £ o i c , MERCHANTILE STATIONER, ACCOUNT BOOK MAN’F ’R STEAM POWER PRIN T E R , LITHOGRAPHER. S u p p lies B u s in e s s F irm s . C o r p o r a t ion s , Arc., w ith e v e r y v a r ie t y ot w o r k in th e a b o v e lin e s . C o m p lete outfits of flr s t - c la s s S t a t i o n e r y tor n e w offices im m e d ia t e ly d e l iv e r e d . Commercial d r y ” jo o d s . (H a n o v e r Squi* N E W Y O R K . N o t w i t h s t a n d i n g the bad weather which has been experienced during the past week the business of the dry goods market has been very fair in most kinds of goods adapted to the coming season, and there was a much better and more confident feel ing on the part of buyers as to what the fu ture necessities of the market would be than has been exhibited for some time past. There is but little doubt that the cur tailment on the part of manufacturers has had a beneficial effect upon the market in enabling agents to close out surplus stocks and restoring confidence in regard to values. Cotton goods have shown a much firmer undertone, and what changes have oc curred have been upward in their tendency. There was a good steady movement in most kinds of Spring and Summer goods from first hands—dress goods, ginghams seersuckers, chambrays, piques, lawns, white goods, prints, hosiery, etc., having, been distributed iu moderate-sized lots to an important aggregate amount. A good many Southern jobbers and package buyers from Cincinnati, Louisville, Pittsburgh, Wheeling, etc., have lately retired from the market, and have temporarily suspended operations because of the disastrous floods existing in those cities and their vicinity. There is little change to note in the condi tion of the jobbing trade; and no ma terial improvement in this branch of the business is looked for until the weather be comes more favorable for the distribution of goods. Labor troubles at Fall River and in other parts of the country have naturally had a somewhat depressing effect, but con sumers are as a rule in a con dition to re plenish their wardrobes and household wants without stint; and all textile fabrics are so exceptionally cheap at current quota tions that a large demand for consumption is more than probable, and there is every reason to believe that the coming season will prove to be a prosperous one to dis tributers, if not to manufacturers of dry goods. C o t t o n G o o d s . —There lias been a con tinuation of the improved feeling lately de veloped in the cotton goods market, and a fair business in plain and colored cottons was done by manufacturers’ agents and leading jobbers. Brown sheetings are in fair request by jobbers, and converters are giving more attention to the lower grades. Fine and medium fine bleached shirtings are in steady demand, some of the most popular makes having met with good ag gregate sales, and wide sheetings are mov ing in fair quantities. Colored cottons were in irregular demaud, and a fairly satis factory trade was done in white goods, quilts, and Turkey-red damasks by leading agents. Prices remain steady on all such makes of goods as govern the market. P r i n t C l o t h s . —The situation at Fall River continues mixed , and the market is unsettled. Extra 64x64s are quoted at 3fc. and 56x60s at 3£e., but few transac tions are reported. P r in t s have not shown much animation in agents’ hands, and the jobbirg trade was unfavorably affected by the rainy weather. Choice styles of light aud medium fancies are meeting with a fair share of attention, but selections are mostly restricted to rela tively small parcels of the various makes. Indigo blues are doing fairly well, and staples are in steady request. Shirtings are in exceptionally light supply with agents, and very firm at current rates, which are so low that little if any margin of profit is left to printers. G in g h a m s . —There was a fair demand for leading makes of dress ginghams, cham brays and seersuckers, by personal selec tion and through the medium of orders, and a steady, though moderate distribution of fancies and staple checks was made by agents. The best fine, and standard ging hams are firmly held at opening quotations, which are seemingly quite satisfactory to both jobbers and retailers. D r e s s G o o d s . —There was a steady move ment in worsted and all-wool dress fabrics on account of back orders, and a fair amount of new business was reported by some of the principal sgents. Many fabrics continue sold in advance of production, and prices are generally firm.
