{ title: 'The Independent. (New York, N.Y.) 18??-1928, February 14, 1884, Page 19, Image 19', download_links: [ { link: 'http://www.loc.gov/rss/ndnp/ndnp.xml', label: 'application/rss+xml', meta: 'News about NYS Historic Newspapers - RSS Feed', }, { link: '/lccn/np00110001/1884-02-14/ed-1/seq-19/png/', label: 'image/png', meta: '', }, { link: '/lccn/np00110001/1884-02-14/ed-1/seq-19.pdf', label: 'application/pdf', meta: '', }, { link: '/lccn/np00110001/1884-02-14/ed-1/seq-19/ocr.xml', label: 'application/xml', meta: '', }, { link: '/lccn/np00110001/1884-02-14/ed-1/seq-19/ocr.txt', label: 'text/plain', meta: '', }, ] }
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February 14, 1884.] T H E (215) 23 CHEESE. Stake, Factory, fine .................................. 12%(a)13% Good to p rim e ........................................ \\%<i)\2 F a ir to good 10 (a) 10% Ohio Factory, flat fine 11 @11)£ Flat, good to p n m e .................................. 9% *5)10% Skims, choice 3 '© 4 “ fa i r ............................................ 2%(S) 2% EGGS. Jersey, single bbls, per d o z .............. 48 @ 5 0 State and Penn., fresh la id ................ 48 @ 4 9 W estern, fresh-laid ............................... 47 %(d) 48 C anadian ,......................................36 @ 4 6 DRESSED POULTRY. Turkeys, prime, large .................. —15 @— 17 Chickens, P h ila................................—16 (a )— 25 “ Jersey --15 @ _ 17 “ State and W e stern —11 @ — 14 Fowls, P h ila.......................................—14 @ -------- “ Jersey —13 @— 14 “ State aiul W e stern —12 (a>— 12% Fowls and Chickens, fair to good. —10 @— 11 Ducks, P h ila ....................... ........ @ _ 20 “ State and W e stern................—15 @— 16 G eese ................................................... — 7 15 7EGETABLES. Cabbage, choice, per 100 ................ 6 00 @10 bO Potatoes, per bbl............................... 1 00 @ 1 50 Sweet Potatoes, per bbl .................. 3 50 @ 3 75 Turnips, Russia, L. I., per bbl.... 1 00 @ 1 25 Onions, W hite, per b b l .................. 1 50 @ 1 75 Onions, Yellow.................................. 1 25 @ 1 75 Spinach, Norfolk, p er b b l .............. 1 25 @ 2 50 d o m e s t ic g r e e n e k u i t Apples, Baldwins, per bbl 3 50 @ 4 50 “ Greenings, per bbl 3 75 @ 5 50 “ Inferior, p er bbl 2 00 @ 2 50 Cranberries, Cape Cod, per Dbl.12 00 @14 00 “ Jersey, per c r a t e .. . 3 25 @ 4 25 Florida Oranges, per case 1 50 @ 3 50 Peanuts, Virginia, hand-p’k’d. per l b 9 @ 9% Pecans, per l b — 6%@— 7% Hickory Nuts, per bush — 75 @— 80 DOMESTIC DRIED FRUIT. A p p les, ............................................. — 5 % @ —10 Peaclies, Peeled ................................ — 7 (a) — 14% Peaches, Unpeeled......................... — 5%(S >— 6% Blackberries....................................... —11 @ ------ Cherries .............................................. _ i 3^ @ _ i 5 H u ckleberries....................................—10 @—11 Raspberries......................................... —23 @— 28% CATTLE MARKET. W estern, heavy w ethers................. — 5 %(a )— 6% Mixed, W e stern ................................... — 5 @— 5% Spring Lam b s................................... — 5%(5 )— 7% Live Calves, p rim e ........................... — 9 % ($— 9 % “ “ fair to g o o d — 7 @— 9 “ butterm ilk fed — 4%(S )— 5% “ “ grassers — 3 % & — 4% Dressed Veals, good to fine —11 @—12 “ “ choice ...................... —12J^@—13 Hogs, d r e s s e d ,................................ — 83£@— 8% WOOL MARKET. Indiana Medium, unw ashed..................28 @35 “ Fine, “ .................. 26 @27 “ Coarse a n d quarter blood ___ 20 @28 N. Y., Mich., and' Ind., washed X and X X .........................................................35 @40 N. Y., Mich., and Ind., No. 1 ................ 40 @45 “ “ “ No. 2 ................ 35 @40 “ “ “ com m o n .......... 28 @33 Ohio, T e n n ., and W. Va. X a n d X X .. .40 @43 “ “ “ XXX .................. 43 @45 “ “ “ No. 1 ................. 44 @46 “ “ “ No. 2 35 @40 “ “ “ com mon.. ..30 @34 B u rry at value. GUANO AND FERTILIZERS. Per Ton. Soluble Pacific G u a n o ---------------$ -------- @45 00 Listers’ S tand. Superphosphate 37 00 @40 00 “ Ammoniated Dis’d Bone 32 00 @35 00 “ U. S. P h o sphate 29 00 @30 50 “ G round Bone 31 00 @33 50 “ Crescent B o n e 29 00 @31 00 “ Potato Fertilizer 45 00 @48 00 “ Tobacco F e rtilizer 47 00 @50 00 “ Buckwheat F e rtilizer 32 00 @35 00 Baker’s Potato F e r tiliz e r 50 00 “ W heat “ 50 00 “ Cabbage “ 51 00 “ AA Ammoniated Super phosphate F e r tilizer.. 45 00 “ Pelican Bone Fertilizer. 37 50 Specialities compounded to order: Homestead Superphosphate (M ichigan Carbon Works) 40 00 Homestead Tobacco Grower (M ichigan Carbon W orks) 60 00 Banner Raw Bone Flour cMichigan Carbon Works) 45 00 Matfield Fertilizers (in lots less than car-load) 45 00 Matfield Fertilizers (car-load lots) 40 00 S a rdys Phospho-Peruvian Guano 36 00 “ Ammoniated Superphos phate 32 00 “ Alkaline P h o s p h a te 27 00 “ Acid P h o snhate 25 00 “ Pulverized S. C. P h o sphate , 20 00 (D iscount o n orders of 5 tons or over.; Baugh’s Raw Bone Superphos phate, per 2,000 lb s 35 00 Baugh’s Twenty-five Dollar Phos phate, per 2,000 lbs 25 00 Baugh’s W a rranted Pure Bone Meal, per 2,000 lb s 33 00 Baugh’s E x p o rt Bone, per 2,000 lb s ................................................ 31 00 @33 00 Forrester’s Potato M a n u re 50 00 Forrester’s Cabbage “ 52 50 F o rrester’s Grass “ 48 00 Allen’s P h o sphate ............................ 35 00 @38 00 Soluble M arine G u a n o .................. 45 00 @48 00 Guano, P eruv’n, rectified, 9.70 p .c.68 00 @70 00 “ “ “ 3.40 “ 50 00 @52 00 Guano, Standard or Guanape (2,240 lb s .) 52 00 @54 00 Bone, ground fine, average 30 00 @31 00 “ dissolved, high grade @27 00 German Potash Salts, K ainit 7 25 @ 7 76 Plaster, per ton (2,000 lb s .) 8 00 @ 9 00 M u riate of Potash (80 p. c.), per 100 lbs.........................................1 57 % @ 1 Sulphate o f Ammonia, per 100 lbs. (a) 3 65 Dried Blood, per u n it ..................... .......... @ ASHES.—We quote 5@— cents for P o t and — @6% for PearL First-Class Printers' Materials. Types, “ Strong S lat” Cases, Cabinets, Chases. Printing Presses, etc. Blocks for Engravers. Pat tern Letters for Machinists. V A N D E R B U E G H . W ELLS & CO. 110 Fulton and 16 and 16 Dutch Street New York. MASSACHUSETTS SAVINGS BANKS. T he Savings Banks of Massachusetts report deposits which in the aggregate amount to the large sum of $252,607,593, due to 806,000 depositors, of whom 376,948, or near ly one-half, are women. In addition to this the banks hold about $10,000,000 in the form of a surplus above their liabilities to the depositors, which is kept as a guaranty fund against losses. The population of that state in 1880, as shown by the census of that year, was 1,783,085; and saying nothing about the increase of population since 1880, nearly two-fifths of the people appear as depositors in savings banks. This is certainly a very splendid showing for Massachusetts,. A state, with less than two millions of people, that has more than eight hnndred thousands depositors in sav ings banks, with $252,607,593 standing to their credit on the books of these banks, cannot be in a very bad way. This one fact speaks volumes for the industria and economical thrift of Massachusetts. The great mass of these depositors are persons in comparatively moderate circumstances; and in their large aggregate accumulation we see the evidence of frugal habits which are alike to their credit and tlieir comfort. CONNECTICUT MUTUAL LIFE IN SURANCE COMPANY. T h e annual statem e n ts of the insurance com panies are read w ith m u c h interest at this season of the year by thousands in all sections of the country who are anxious to learn the financial stren g th of these great in s titutions. In th e very fro n t rank am o n g such com panies stands the C o n n ecticut M u tual Life Insurance Company, whose home office is in H a rtford, Connecticut, and whose agencies are in all sections of th e country. The thirty-eighth annual exhibit of this Company printed in another column, shows beyond ques tion a most solid financial s tr e n g th. The figures presented tell th e ir own story bet ter than any words of ours can do. They show conclusively the increasing popularity of life insurance am ong in t . Uigent people, a u d they also show most impressively the favorable influence of business enterprise and conservative m a n agem e n t in con ducting the affairs of this Company. The Connecti cut M utual has resorted to no new and ques tionable m e thods 111 conducting its business; it has offered 110 dangerous reduction in its prem ium rates, no untried scheme with which, tem p o rarily, to m agnify its own im p o rtance; it has n o t beeu tem p ted to p u t in jeopardy the vast am o u n t of tru s t funds com m itted to its keeping by tam p ering w ith well set tled financial and insurance usages. N o thing of this s o rt has made the Connecticut M u tual w h a t it is to-day. Its arm y of policyholders, holding an aggregate insurance of over 8155,433,000, have confidence th a t w h a t is done to m u ltiply and steadily increase its benign influence am o n g the people is well and safely done. They don’t stop to think, and then exclaim : “ I won der if they are g o ing s a fely!” Or “ Why do they set a t naught all the experience of other com pa nies?” N o thing of this sort is heard about the Connecticut M u tual. Its official m anagers find th a t the old, W3ll-tried m ethods in conducting life insurance, founded on tables, facts and figures in use a hundred years and more, should be strictly adhered to. no m a tter w h at o thers may do. In this, th e ir wise course, they are sustained by all the leading life in s u r ance companies in the world ; and they are not likely to change in face of the m o n u m e n tal fact th a t the yearly income on their im mense invest m ents m u st inevitably decrease by the steady re duction in the m a rket rates of interest. They do not expect to get from th a t q u a rter seven or six or even five percent., and possibly not over four per cent, in t e r e s t; and, like good business men, they have adhered to a policy that will secure the continued prosperity o f the Com pany if the rates of interest fall to three per cent. The receipts of the C o n n ecticut M u tual d u ring 1883 am o u n ted to $7,870,222.87, in which sum is included the profit a n d loss account of about a quarter of a m illion of dollars. This money mainly represents gains 011 the sales of W e stern property taken on foreclosure, which, instead of being a loss, now proves to have been a very good investm ent for the Company. The benefi cent work of the Company is shown by the fact th a t it has paid to policyholders during the past year $5,781,851.79. Over a m illion dollars have been added to the n e t assets during 1883^ so that the total am o u n t of net assets now is $51,215,- 581.32. The surplus, by the Company’s standard, is $4,026,276.47, an increase of three hundred and tw enty thousand dollars w ithin a year : or if the surplus by the New York stand a r d is taken into consideration, the surplus would be seven million dollars. O ther facts m ight be added to show the solid foundations upon which the Connecticut M u tual stands, b u t it would be unnecessary. To Be convinced of that, we have only to see the statem e n t, and it may be easily read and as easily u n d erstood. The officers of the Connecticut M u tual are, as is well know n , Jacob L. Greene, President, and Jo h n M. Taylor, Secretary. THIRTY-EIGHTH ANNUAL OF THE CONNECTICUT Mutual LIFE INSURANCE CO. OF HARTFORD,CONN. N e t A s s e t s , January 1st, 1883 $50,172,371 91 R e c e i v e d i n 1883. For Prem ium s $4,829,098 07 For I n terest a n d Rents. 2,793, 912 45 Profit a n d Loss ............... 247,212 35 7,870,222 87 $58,042,594 78 D I S B U R S E D IN 1 8 8 3 . To P o l i c y h o l d e r s : F o r claims b y death and m a tured en dow m e n ts ......... $3,812,977 32 Surplus returned to p o licyholders 1,189,696 54 Lapsed and S u r rendered Poli cies 779,177 93 T o t a l t o P o l i c y h o l d e r s , $5,781,851 79 E x p e n s e s : Commissions to Ag-ents, Sal aries, Medical Exam iners’ fees, P rinting; Advertising, Legal, Roal Estate, and all other e x p e n ses 700,290 61 T a x e s 344,871 06 * $6,827,013 46 I B a l a n c e N e t A s s e t s , D e c . 3 1 h t , 1883, $51,215,581 32 S C H E D U L E O F A S S E T S . Loans u p o n Real Estate, first lien $24,049,620 50 Loan 8 upon Stocks a n d Bonds 465,284 41 Prem ium notes on P olicies in force 2,849,266 60 Cost o f Real Estate owned by the Comp’y. 12,101,213 36 Cost o f U n ited States Registered Bonds. 99,125 00 Cost o f State Bonds 19,900 00 Cost of City Bonds 1,762,873 69 Cost of o ther Bonds 8,762,201 89 Cost of Bank Stock 122,761 00 Cost of Railroad Stock 26,000 00 Cash in B a n k 964,748 34 Balance due from ageuts.,.. 2,586 63 $51,215,581 32 A d d Interest due and accured, $1,029,792 71 Rents accrued 16,493 54 M arket value of stocks and bonds over cost.... 259,037 11 N et prem ium s in course of collection. N o n e . N et deferred q u a rterly and semi-annual prem ium s 50,196 78 $1,355,520 14 G r o s s a s s e t s , December 31st, 1888, $52,571,101 46 L i a b i l i t i e s : Am ount required to re-insure all outstanding policies, net, assum ing 4 p e r cent. in terest $47,766,413 00 Additional reserve by Com pany’s Standard, 3 per cent, on policies issued since April 1st, 1882 37,980 00 All o ther liabilities 740,431 99 ----------------- $48,544 824 99 S u r p l u s by Company’s S tandard 4,026,276 47 S u r p l u s by Conn. S ta n d ard, 4 p er cent. 4,064,256 47 S u r p l u s by N. Y. Standard, per ct., over.................................................................. 7,000,000 00 Ratio of expenses o f m anagem ent to re ceipts in 1883.................................................. 8.9 p e r cent. Policies in force Dec. 81st, 1888, 63,596 in suring............................................................. $155,433,409 00 JACOB L. GREENE, President, JOHN M. TAYLOR, Secretary, WILLIAM G. ABBOT, Ass’t Sec, DANIEL H. WELLS, Actuary, ELISHA RISLEY, Supt, of Agencies. insurance. HOW MANY? T h e following extract from a private let ter received by the editor of this depart ment, written by a resident of North Caro lina, is of interest and point: “ I read it w ith the more interest because I am in a concern of this character—the K n ights of Honor. O f course the thing h a s no basis ; but I hope it m a y outlast me. At the present rate of assessment, I shall, if I live to be seventy, have paid in about four hundred and eighty dollars, and my family will receive two thousand. Where the other fifteen hundred is to come fro m I can't see, as the society has n o m o n ey at intei'est T h e s e fo u r sen te n c e s are so p i t h y an d ex p r e s s iv e t h a t w e co u ld w e ll le t th e m o c c u p y a co lu m n of s p a c e b y th e m s e lv e s ,f o r th e y are a w h o le serm o n on th e s u b j e c t ; y e t w e w ill ad d som e co m m e n ts. Life insurance is a scheme in which com bination of a number of persons does not produce the usual advantages of combina tion. That is to say, although combina tion is at the bottom of it, by furnishing the “ average,” as soon as that average is attained the advantages of association cease. Life insurance is not a “ commod ity” which can be grown, bartered, manu factured, bought and sold, speculated with, or otherwise manipulated, so as to secure any advantage. You cannot cheapen its cost by buying it in large quantities; you cannot gain any points in it by mercantile skill. It is nothing more nor less than col lecting from a given number of persons a given aggregate (plus expenses) and paying it back to them. It must com e from and out of them—that is the chief point; all schemes which propose to get it out of somebody else are delusive, and all pro fessions which claim or hint at so doing are false. You will find men going about declaring that the regular life companies charge too much. How is it known they do ? Assert ing it does not prove it, and the visible fact that the companies have growing assets and occupy handsome buildings does not prove it; the fact that they do not pay out money as fast as they receive it does not prove it. How does the rate they actually charge, multiplied by the number of years men may reasonably expect to live, com pare with the amount they promise to pay? Try the co-operatives by the same test. Any organization which will ever pay $1,000 to a number of men must get $1,000 apiece out of them, on the average. If it charges a “ level” premium, it is as bad as the extortionate companies; if it is “cheap” now, it must either lay on harder by and by, or break its promise. The whole thing is as cold-blooded and implacably rigid as the multiplication table; you must work it in just one way or not work it at all. There are mortality tables. We hear much of them at times. They are useful; but they are unnecessary and immaterial in this connection. Whether the annual mortality is 8 per 1,000, or 88, is of no con sequence; the mortality table which no body doubts is that which affirms a final mortality of 1,000 per 1,000. So the prac tical question is: What organizations charge enough to get in the money, and what do not? Yrou are a member of a “ Society.” It is very “ cheap.” It has cost you “ only” some ridiculous trifle (for several years), which you triumphantly flaunt as the con demnation of the “ old line” and extor tionate companies. Stop a moment here. If your rate is going to increase, and make up for past deficiencies, later on, what do you gain—except being deceived—by its being so cheap now? If it is not going to increase, then one of two things is sure: either your society will break up, or else you can put pencil to paper, and in a mo ment figure out that, if they all pay what you pay, there will be money enough got in to give you $1,000 apiece. If you do not pay enough, where is your deficiency to be made up? Is it to be by taking it out of the rest? As that cannot be done without their knowledge, they will be like ly to refuse, won’t they? Our friend whose summing-up we have quoted has the whole thing on his pen- poiut. He figures that, at the present rate, he will have paid, at 70, $480, for which
