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Boston Daily Globe Newspaper Archive: November 16, 1890 - Page 9

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   Boston Daily Globe (Newspaper) - November 16, 1890, Boston, Massachusetts                                THE BOSTON SUNBAY GLOBE-SIMPAY, N9VEBiBER  16> 1800 - TWENTY-EIGHT PAGES. To invest in some of the rioliest GOLD MINES ever disoovered in this country. We own four mines, the Cumberland, Osceola, Revenue and Royal Flush, located in White Pine County, Nevada, We have samples of ores- taken 40 feet below the surface, which will mill over $20,000 per ton, Our superintendent is a large owner, and  one of the best mining engineers in the State. Large dividends a certainty. We offer Treasury Stock only, at $2.50 per share until Deo. 1. Call or address OOLDilKCO., 75 State St., Room 13 . . Boston SEND FOR OUR HEW BOOK -OK- "Wall Street and How to Spec, ulate Successfully." JPartinl Synopsis o2 Contents t Beflniiloa of BpooTilatloii. Imdlng on "Margin," BxiUs and BeaiBi How to Trade and What to Trade In, The Profits in Speotilation. Hints and Bnlea .to Traders in Stoobs, Bate of Income on InTestmonts. Private Oodo, &o., ', Huotnatlons of Adtive Btooka for past years. OeneM Information. M. 1. mmm & co., Itoclts, Grain, �11 anil Other SpcculatSvoflora, modules, In Ihrgo or Frnctloual lots, on Small Margins. )6 DevonshlrB St. and 27 Cpngrgss Sq'., Boston. a7 3E3i:3E! ni OF KANSAS CITY. MISSOURI. 'Capital Stocfe, $500,000. Par Yalue of Shares, $100 Each. Offers a limited numt>or of tho siiaroB of the Com-pnny at TAR until January 1,1801, when tho aharog WmiiG Bold, only at I'AK iind A TUliMIU-M. Block can 1)0 nald for In Instalments If doalrod, � Xho Provident Loan Trust. Cq> is an outgrowth of ' ftnd successor to tho Central Kansas Loan and Invextmer/t fo., which was tho moat euccosafnl oor-fioratlon of the kind lu the M^est, and paid Jive per tent, semi-annual dividends for tho paet six year.i. Itg busiiiees embraces the jnirchnso and salo of hlgh-Riado ooitimorclal paper, 7 and 8 per oont. first fnortgdgo roal estate loans, debenture and muulolpal bonds and bank stock. Tho new Oomnany having InoroasQd capital and larger facilities, will add to iw tjroilts and increase its dlvidcnda. Scores of Testimonials from investors, show, their tofifldence in the management, as no investor ever lose a cent, and all made adva?Ua{feous i7wcHments. The stock is for sale and full partlcnlara furnished Dn application to the ofllco of the Company, Kansas City, or to the authorized Eustorn neents, �     * LAWKENCE S. MOTT & CO., lll> Hrontlway, Iff. T., antl 2>�vojats)iire Stroet, Boaion. no 10 1112 16 17 23 :o Ttie Wilson Goldl/lining Company, Mines at Pleasant Eiver, Lnnonburg Oo., N. S,, OFFERS ft- limited number of shares of Its capital Btoclt lit IJ2.B0 per share-par value gfi-as n lHIJo mors money Is required for tho purohuso of ao Improved concentrator, slnfelng new shatts and the building of additional shafi houses and pumplnij stations. From the present outlook, It Is safe to predict that, commencing in March next, dividends of at least 1 per cent, per month will he paid on the par value of the entire common sloclt of tho Company, onual to 24 per cent, per annum or 2 PEfe CENT. PER MONTH on money Invested for stooU at present prlcesi (Tho preferred stoclt �wUl draw only 10 per cent, per annum,) The mine appears to he one of tho riohest 'ever discovered. Assays of averace quality of Its ore Elves Uio gold value as g(7^2.00 per ton of quartz. The cost of mining and separating tho gold ti'om tlio quartz is not more than SO per ton. Tho proflt would then bo STSO.OO per ton. If this svoraso continues, and the mill is run to its fullest capacity, crushing 4B00 tons of quartz per year, the annual proflt will ho ttvor J8ia,-000,000. mors than 600 per ceat. on the entii'e capiiAl stoclc Samples of ore to be seen at tho olBces of D. Wilson, president, 180 Smnmer st. (east of Atlantic ftv.), Boston, and Henry L, Hill, treasurer, at tho banking house of Henry L.Hill Sl Co., 78 Church St., Now Haven, Conn. SUFFOLK J'�M!���;iiii'i?iPi?i^igi-i,'^i''i''ffl^'','i,f p""'- Ore Bhipments inoreaBina;. Dividends to be increased in January to 15 per oent. per annum. Dividends paid monthly. The stook is INTEINSI-OALLT worth $2.00, and may be worth $10.00 per share. Present prioe $1.16 per share.     _ The Colorado liflining Investment Company, JAMES GILFILLAN, Treasr (Ex-Treas. of U. S.), 8 Cone;ress St., Boston. TThSutt nil GENERAL STOCK BROKERS, 24 Congress Street, Rooms 4- and 5. Neiv yorlt and noston Stocks Emd liohdii bought and sold for cash, or car-tied on a margin of 1 pej: ceut. and upward. Quick sci-vice I uo wire tteluys. Country trade eoliclted. Prompt attention I given to orders by mail or telegrapli. SLUMP ffl STOCKS, Owing to the Scare on Baring Bros. & Co. Liquidation. lively Scenes on the Stock fixcliange- No Cause for Alarm. Money Stiff-8 Per Oent, at Oleaiing-Gain in Bank Eeaerve. , O/ What Is better than a first mortgage on '    / tmiiroved property in a growing city? '    Loans placed fit nine Tier cent., having /'f\ for security property that is woith at / w least three thuea of amount loaned. Large business in thU line, with years of oi-perlencp, gives my cUenla best ndvuntageo. Carrespondonce solldted. Best references furrilshed. . C. BKOCKEKBaOUGH. JK.. Taconiu, Wa'shincton. It Oomplete Oombustion Oo. Stock, How Encland Spring Bed Oo, Stoob, )Jo-Seam Stocking Oo. Stook, tTnited States Mail Bos Oo. Stook, ind other mlsoclhineous Soouritles bought and sold. C. F. HERRICK & CO,, 14, Btat<, jStroet, ICooin 4S, Boston. t i\0\ WAJKKA-SJ'I-S bearing this rate; any iVr 10 amount; good us govi-rmnent bonds: tucutlonthls paper. F. W. TKOUKCB, box 153i, Bei'.ttle, Wash. It All rfllictod wilh deatness, catuiTh, astlnna, coiisumj'Uun _________and chronic dusewies, to bend lor pamplllet on orypea treatnicut: no fee until cured. Dr. JODGK, 868 Columbus av., Boston. SSutf uiM Statu Street, Nov. 16,1890. A sharp slump in stoolcs. Early quotations came slightly liierhor than yesterday's closings, but whisperings of trouble in London soon sent prices off to 1 per cout. It dovoloped that Baring Bros. & Co., were to liquidate and immediately tho bears sprung tho stoiy of failure and disaster. It had its offeot and selling began right and left, lod of ooursa-by Atchison, for is not Mr. Baring a director in that road? Common senso and coolness weto thrown to the winds, and from 28% Atchison was sont down to 23%, which appeared to bo bottom, reacting to close the day at 25%, up 2 points from lowest, but a not decline from yesterday of 2% noints. Tho incomes finished at 47Va. oS from 60^, and the 4s at 79, one point lower. '�      '      Of course the balance of the list follow(^d In sympathy. Now York & New England lost fronl 34 to 2BVi, advancing to close at 31, down 2 points. Boll Telephone slumped 7 points, to 210, and Erie 1, to 47. Sugar was off to 50, closing at ei%, a loss of 1 Va. Thomson-Houston Electric, after beinp pfegged at 30, closed 1 point better, at 40, a decline of 8 points, Moiloan Central closed at the lowest point, 17, down 2 per cent., the 48 losing 1%, to 68. Chloago, Burlington & QuinoT at 85 was a loser of just 2 points., Pullman Palace sought a level 6 poixits down, at 186. � Boston & Maine softened 1%, to 197. B'rom 18 Wisconsin Central was off 3%, to 14%. From 28y2 Bay State Gas was off to 2G. West End land weakened from 22Vk to 21, rallying to close at 22%, a not advance of % for the day. Coppers found Allouez % lower at 4ya ! Osceola 2 points, to 33; Santa Fe 2% cents, to 40 cents; Franklin 1. to loVa; Kearsarge held 13, and Centennial ISVs. Atlantic was off IVa, to 16; Boston & Montana lost from 4eV2 to43V4. and Butte from 10 to UVsi Calumet & Hecla dropped 10 points, to 200, and Quincy 5 points, to OS. The two hours session in Wall st. was the liveliest that has occurred since the great slump of Deo, 15,1886, and for the space of an hour or more there existed a perfect panic among the holders of securities, espo-oially railroad stocks and the dechnes established during that time wore greater than ever before seen in the same tame. The only cause of the excitement was the annoimoemeht from London that the groat firm of Baring Brothers had been forced to seek assistance to tide them over the present financial crisis, and the holders of stocks became panic-stricken over tho news, although the danger had passed when the Bank of England and the Rothschilds came to tho rescue. The was   every    one    wont ____e    aa    much    out    of the wreck as possible by soiling out in the Sulokost time. The eoi'ly advices from Lon-on were reassuring and continuing tiie � ' - pjijag Br than yes- v^L^^, .______________facifio pre f erred up 2 per cent, at 69 Va. The announce ment about tho Barings was thrown at the market immediately .'however, and theofood feeling disannearod in an instant, and from prosi)eotive Duyors the who e room became buyers at the best prices obtainable. The force of the deolino may bo gathered from the fact that in the short space of an hour Lackp,wanna dropped away OVb per cent., to 12,S.%oi Jersey Central 7%, to 98 rAtohison 6%, to 28V4 ; Pullman BVa, Canada Southern 6%, Burlington 7 Vo. Rock Island 6%, and the pthor leading stocks from 3 to 5 per cent. Tho drop in Lackawanna is entirely inexplicable upon any known hypothesis, but the selling of Atcliison was based upon the fear that the holdings of tho Barings would in all prob-abil ty have to be liquidated. Tho other stocks wore sold merely upon the iltpulso oi; the ^caro. The drop, however, ./?oou brought into the market the glass of buyers who are paying outright for their securities, and the current was soon turned by this support, Whe^ tho bears joined in the buying to 'realize the profits accrued upon the tremendous drop. The early selling soon developed tho fact that there were largo selling orders in the market, and the trading and professional element soon took tho market away from the sellors, and iii-numerable stop orders were quicldy uncovered, rendermg tlie stampede more serious every minute. After the downward movement was checked the bank statement was issued showing a material gain in tho surplus reserve. This caused a rally, which ertended to 4 per cant, and over. The close was very active and strong for the moment, at material losses for tho day. Railroad bonds were active, but showed none of the excitement or animation in stocks, and while tho sales of all issues reached $1,484,000, the final changes ot note were few. .News of tho Baring liquidation was received by private cables before the opening of the stock exchange, stating that the Bank of England, Rothschilds and other bankers had taken up accounts of the firm, amounting to �15,000,000, Conferences of brokers were at once held, and it was decided to have brokers in every' stock that could be handled bid an advanced price at tho opening, so as to avert a sudden shock, hence pricesifor nearly all tho active stocks opened Va to 2 per cent, above last night's c 0S6, tho extreme gain being made by Northern Pacific preferred. Under the olrcumstaneoSia scare could not have been averted, but looking at tlie matter in a common-sense way, really tho worriment and decline should have oc-cmrad on Friday, when there moy have been some question of the tiding over of the firm. The syndicate which came to the relief of Baring Brothers & Oo. was made up of the Bank of England, which guarantees �0,600,000; Glya, Jlills & Co.. the Rothschilds, J. S. Morgan & Oo., C. J. Ham-bro. Morton, Rose & Co. and tho Eaphaois 000,000. Tho incorporators represent Swift & Co., Armoiu' and Nelson Moms, The articles provide for an immonso plant and a oomplete town, including hotels and homos for the employes. I. S. .Wormsor-The transferring of stocks held by weak holders into stronger hands is still the feature, and prices are feverisll during this process. When onoe hnishod a stronger market must result.  , A GhicBBO special says everything in the West is now hinged on the proposecl meeting of railroad men in New York. To tost tbe feeling a meeting of the executive officers of all Western railroads is to be called early. In December to take action on a imi-versal advonco in rates. Mr. Villard has boon interviewed In Berlin and characterizes the rumors of his m-Bolvonoy os part and parcel of the bear attack on tho 'Villard stocks. Baron Bloich-rodor'SBon snid; "Our confidence in the Villard stocks is not shaken by tho ovonts and failures in New YorK on Monday." Sidney Dillon claims that there has been no aiTangoment made for him to becomo president of the Union Pacific or anything else. I estimate the total numboi! of tons moved por mile annually by tho Wostorn and Southwesteru gi-oup of roads at 16,000,000,-000. The diffaronco between rates under the presidents' agreement and those now in vogue amounts to a docrcnso of 1 4-10Mnill3 per ton perinile. Applying this dlfforouco of 14-10 mills to tho 10,000,000,000 gross annual tons one mile, gives the startling figure of $22,400,000 annual dp-crease in tho net earnings of this system of roads as between their operation under tlio "presidents' agreement" and the loose methods now prevailing. Under this condition of things ft is hoped the bankers can bo induced to call the presidents together again, with the assurance that they have the whole mass of investors behind them.-[Jay Gould. It Is said that 5000 shiiroB of "Western Union have recently boon transfewed into small lotfl. This roprosonts stock that has been paid for and taken out of tho street. � Theshrinkogein stocks is enormous and it Is estimated that in stook's' listed on the Now York iSxcliange, it had amoimted up to last Tuesday to $345,000,000 from prices touched last May. And to this estimate is since to be added the shrivelling of the North American Company (the old Oregon & Transcontinental) which very recently was selling at near GO per cent, on its par capital of $40,000,000. But it's is a just and righteous shrinkage, almost every cent of it. Ithas not damaged honest stocks. (Our sound railroad stocks in New England are an expample. They have gone off scarooly a point, while the Western bubbles were h^sKr.cr. It is not tho bleeding of a healtUy man. It is the tapping of a dropsical one. To our mind, the danger is that reaction, assisted by manipulation and such combinations as Mr. Gould and tho Messrs. Rockofeller (for instances) are capable of, will too soon put up ag.ain somo ot the wholesomely-shrunk stocks to unwholesome lovels.-tCordloy & Co. All roads, except Chicago, Burlington & Qulnoy, are now ready to adopt tho new Pa-oifio divisions. Passenger rates in tho Northwest are found by Chairma'u Finley to be in bad shape. Tho contest in Pacific Mail was evidently a fight between Gould and Huntington. At tho bottom prioe, however, it was hiutod t lat an understanding had been brought about between the two millionnaires. W, S. Lawson & Co.-We believe that many stocks, will dbolino still further. There 18 a better feeling in regard to North American. Mr. Gould is said to have paid out $6,000,000 m greenbacks this week for tho purchase of stocks. A man who has colled the turns on the bear side woU says: "You can sell Louisville & Nashyillo. The Loudon pool has begun to liquidate and you will see tho price drop. Louisvi] o wos weak yesterday on good selling. It is a good property, but when there is liquidation intrinsic value dinappeais for the time being. It IS rumored that the Soligmans are about to establish a branch office in the City of Mexico, Union Pacific's September earnings and expenses, with tho nine months ending Sept. 30, follow: 1800. 1889.        Inorcose. S523,776.a0 414,000.22 108,780.04 310,068.63 273,031.75 .87,127.77 . 213,716.74 142,004.47   71,6I�.27 1.38B.71 1,884.71          1.00 nine months to sept. 30. .84,190,447.24 8,289,010.35 900,430.80 . ,2,802,000.12 2,471,070.18 S00.fl20.04 -   . ,.1,337,447.12    707,0-10.17 BOO.BOO.OO Av.mUesop,       1,381.55      1,383.25 9.30 Transactions at the Boston Stock Ex-chango for the week and the year to date follow: 1990. 1880.     Incro'nao. Shnrcs........    8239,780      160,0-13       80,006 UnUstod.;....       40,410       13,308      28,017 averages. Tho banks havo boon obliged by the stringency, to oiirtail their sliipmonts, of currency to the interior, though tho demand from that quarter has. again been active. Tho receipts In neighboring States have been large. About $400,000 from Montreal, and scattering remittances were made from tho ISoal and tho West. The shipments of ourrenoy were small and to near-by points, Tlio Chronicle figures a gain to New York banks the past week of $17,904,000 and a loss of 816,665,000, a net loss of $1,820,000. As far Os tho ordinary movements of money are concerned, they have been infavor of the banks. For the first time in a long while the banks gained on the interior movement of ourrenoy. In addition a trifling gain has resulted from the 'treasury operations. As rop^esontod by bankers' balances th6 range for call loans has boen from 180 to 3% per cent., tho average probab y about 8 per cent. Ono featuro of t lo week waa tho refusal of lenders to aocopt as collateral, stocks fluctuating widely in value, or about whioh there was any doubt. As rbgards time money lit-tie or none was olTering, althoug i the demand is iii'gent. First-class double namo paper has sold at 7Va per cent. In London a very .uneasy fooling still prevails, and tho condition of afl'airs at times has been critical. Statistics show the export movement continues heavy, notwltlist.-mdlug itho faJil-ing off in breadstuffs shipments. At Philadelphia the money market rules closer than for many years, Loans were made at Vs of 1 per oent. until Monday, and Vi por cent, for 10-day loans. Brokers were accoirimodated, and no failures resulted. Banks reported rate of interest nominally 6 por cent., but rate was so purely nommal that no ono was able to borrow money at that figure. iTust companies were borrowed dry, and one institution refused to advance any-tjiing, overt witJi first mortgage bonds of tho Lehigh Valley railroad as collateral. During ordinary seasons Now York brokers are content to .accept 6 per coat, margin on orders to buy stock, but thoy now demand 10 per cent. One bank has remitted to Now York from $50,000 to $100,000 cvery day this week. , Exchange on Now York: Chicago, 70!S90 discount! St. Lows, 75(g90 discount; San Frahoisco. sight 17% promiiun, telegraph 25 premium; Now Orleans, commercial 125@150, discount, bank par; Charleston, buying discount, selling par; Savannah, '  selung ------.---------------- in the lea,st oy the liquidation of the firm. If anything, America owes London. Tho worst is xmauestionabiy over, but it is futile to predict what is to come. Banks and money lenders are strengthening themselves wherever possible, until conndenoe is again the order of the day. As im instance of the excitement in Amoi'-ican securities in London, it is stated that there was active trading in them on tho street in London last evening as late as 7 and 8 o'clock, and that there was a diifer-ence of 1 or 2 por oent. between the price thoro and those prevailing on the Stock Exchange in ^'Willi st. Yesterday foreign brokers in New York stated that on the street in London at 7 o'clock prices were up 1 to 2 por oent, above our prices, and stocks were bought in this market for London account most of the afternoon by arbitrage houses. In the last half hour, however, this bujdngwas not able, to keep prices up in America since the tremendous pressure to sqU. The head of a prominent house, In spealc-ing of the forced liquidation of heavy lines of stock, called to mind tho fact that in previous panics, under similar circumstances, it has boen found that the stocks taken up by strong people to tide over weak firms have in many cases been hold for years before being sold, and were disposed of finally at very handsome profits. Transfer books of the North American company show enormous transfers this week. The olorks have stayed down until midnight to do the business. There have bean very large transfers of largo speculative lots into small investment lots. A member of the famous bankers' triangle said last evening tliat the reason the West-em raihoad men have not been called together thus far is that they have been unable to get time to do it; but that there is uo doubt, however, that there will be a meeting before long of these interests. The special New York Clearing House loan committee met yesterday and again today, but adjoumod aa there were no applications for loan certificates. The total amount issued so fur is $1,7.66,000, an insignificant umouut compared with tho issue of $27,000,000 in 1884. Mombors of the committee state that they have examined the Bank of North Anienca, and ceriify that its capital is intact. It has a large surplus, and its moans aro ample to 3ueet all its oDliga-tions. The New York Stockholder says the gist of tho various stories about Martin & Co. appears to be that the Barings withdrew their account and placed ft in the Union Bank: Messrs. Gossler & Co. have the following from London; "Believe Impending crisis almost certain to bo succes.'! ully averted." There is no higher authority m England than the hou-se sending the above cable. Many New York stock qpmmission houses are refusing margin orders on account of the money stringency there. F. M. Lock wood & Co.-Immediate prices seem to depend largely on developments in London. We appear to be very near bottom. A Wall St. man well acquaihted with Mr. �Villnrd's projects said yesterday that he did not believe for one moment that the letter would return to New York very soon, if et all. A new stook yards company hbs been organized at Springfield, 111.; capital, JIO,- Eanilngs... lExpensos. * Surplus.... Miles op.. Earnings.. �ExTicnses. Surplus. Total....... 280,154 172,041 108,113 Bonds...;---- 1,540,344 1.026,070 513,060 Slnco Jnn. 1. Shares....... 7,371,080 0,510,022 855,058 Unlisted...,. 2,107,027 743,640 1,303,487 Total.......    0,478.107    7,250,562  1,218,5-15 Bonds.......   63,007,880 87,138,247 20,834.480 According to the Journal Interesting developments in connection with Bell Telephone stook are looked forat thecommence-ment of next week. Something that will advance tho stook beyond all previous quo-tati'ons, say sanguine holders of it. New London & Nprtljern's report for the qiiaitor ending Sept. 80 is: 1800. 1889.     Increase. Gross........    8172,458       184,403     'ILO'IS Od. expenses..      111,809        00,632       21,177 Net..........        00,649        03,774     33,125 Other inoomes.       _,2,480        2,460 30 Charges......    � 68,724       53,470 2'15 Siu-pfus...... 0,405        43,744     33,330 Decrease. The trustees of the Bay Sfcite Gas syndicate held a meeting on Thursday, and made some progress toward a final distribution of the assets. Tho holders of the certificates should, therefore, receive notice at an early day of the balance which they will receive.' This time-worn matter seems at last in process of being disposed of, for which every subscriber will bo devoutly thankful.....The Ames crowd are said to have sent a large amount of money over to New York on Wednesday. Ettu, Brute! Have they boen assisting Mr, Gould in his purohasg of the Union Pacific?-[Beacon. The Santa Fo Copper Company has arranged for a concentrator. The general opinion among banking people in this city is that there is uo necessity nor any probability of the oleai'ing hou.se committee issuing oertifioates to onablo banks- to settlo their clearing house balances. A gentleman recently returned from the West said yesterday: Uly business took mo over tlie State of Iowa.. I found business good and railway men believing that we were on tho eve ot a full restoration of rates. I do notUnow why Iowa CentralprcfeiTcdis notchcnpnt 22, Tho gross earnings of the road have incroaaed In last four months 008.000 and the net havo Increiiscd 1860,000. aion oonnooted with the property toll mo that the road is earning 3 per cout. on the prollarred stock. It has only gl2,000 a mile of bonded debt and is doing bettor tlmn over befoi�.  The choice of S. Endicott Peabody as trustee of West End Laud wits a wise move. Tho Northern division of tlio -Erie Telephone Company gamed 20 subscribers net in October; South Texas division, 47; a total net gam for entire territory of 126. A formal decree has boen entered in the Supreme Court, Kings county. New York, in tho cases of Cameron and Gleason vs. tho Sugar Trust. It provides for the transfer of all tho ossets by the trustees to the receivers and gives them 30 days within whioh to file the accounts of tho Trust. S. F. Prentiss is appointed referee.. Treasurer Soarles of tho Trust was In Boston today, and says a majority of tho certificates is now deposited. "Inasmuch as the old certificates aro uo longer transferable," says he, "but the Central Trust certificates are, the transactions in the stock exchange will now DO shifted to the latter security, which are already on the unlisted  department of the exchange." John Stanton telegraphs of Allouez, "Conglomerate not yet reached. Mine looking about as usual." Sixty thousand Sugar Trust oertihcates were deposited yesterday, and a sufficient numberis going in tills morning to make a majo'rity ol tho whole deposited with tbe aVust. Chicago, Burlington & Quincy will undoubtedly declare 1 Vi per cent, next quarter. MOKTBY m 6HABP DEMAND. Loans Bid Dp to 8 Per Oent. at Clearing -Gain in Bank Reserve. Money was in sharp demand. So pressing was the need for accommodation at tho clearing that tne rate between banks ranged from 7 to 8 per cent., mostly at the latter figure. John Cummings is reported as saying: "The trouble in Boston is intensified by the action of a certain bank, which took home $1,000,000 this morning rather than to loan it at tho clearing house, and now offers it outside on condition tliat itciiall not bo paid back in clearing hou.so certificates." New York funds wero freely offered at 25c. discount. Kates practically unchanged. Call loans, Oit'IO per cent.; t-imo loans, 6aS pgr cent. \ business paper, 6V4@8 por cent.; corporation loans, 6ffl7 per oent.; collateral loans, ai  STOOEB. Boston Stook Exchange.........Wov. 15. The following aro tho sales as reported today.showng the highest and lowestprioes: DONDSi Amount. Atoll., Top,&S.re 45. .(81827.93 do.......incomes.. i6'A500 � gsooo SIOOO Ch., B.       coiiv. 6s,,. K. C., Mem. & Birm. 8s   _______ Mexican Central 43.,.. S37000 do.........2dlno.. Oregon Short Lino 6b .. Wisconsin Ceu. too..., BBOOO g6000 gsooo BAILKOAD STOCKS, Hlphest, 80 60 101 . 00 69 18 losva sb Lowest, 78 47 101 90 fl7iA 1031A Bos?o"n-iM^i..\.:- l�p 187Va t"o:::::v.'.-.v.'bi.; I?9 19W BostJiii; Albany..... ,4 mli CM^B�r,-i-�^ X0| I   � Central Mass,.. 0" do.....pioterrod.. 430 SB Fltohburgprof.,...... Mexican Contra! 7240 Now York & Now Eng.. 8040 . 3J V4 do.....preferred:.. 117 lia Old Colony,......... -i -"gl Oregon Short Lino..... gO 21 tinlou raclllo......... 208 �* /* Vermont* Mass...... 28 WeatEnd.... ........ " Sg do.....preferred.. 13 8tt Wisconsin Central..... 846 17 MINING STOCKS. Atlantic............. 1�0 ^!>S'&Min;(copVori 915 4h BultoBoston....... 3^6 IB Calumet & Heohv...... 211 �oo Centennial........... iS mnklln............. 830 11 Kearsarge............ .^^0 86 Osceola*............. 1�|0 ............ 100 400, Santa I'o............ '"g 100 Tamarack............ " 1,AND STOCKS, SSS7fer-power:: g l| Brookllne............ 1�0 S^* Kewiiort............. , I, �S:lois 2?% thlbphonb stocks. � '* '  MISOnttANBOOS STOCKS. ruUmanralaoeCar.,, 111 WB UNLISTED STOCKS, ig minols steel......... ,   g Ss�;�^Eh;i i| 1^ 106 107 107 108' '   20% 81 35 82 84 no' 107 21 43s^ 188 90 86 14 10 if" 14 OOC, 200 IB 10 w 400, 100 -10654 12971/5 13 Dodhara, Mass., Natlonul Bank, a Naumkoag National Bank, Salem 1 MerrimaoR Manufacturing Co.------ 8 do...........................1300 6 do......................120B@12B7J/4i fl do.............1.............laoB a Lowoll Manufacturing Oo.........620 26 Manchester Mills................IBOU 1 jPaclflc Mills...................18B81A 1 Amoskong Mnnufnoturing Oo.....20S7ya 6 Httinilton Manufacturing Co.......997I/51 2 Coohoeo Manufacturing Oo........403M! 2 Oonn. and I'ois. Uivors. B, prof.....110_, 8 do............................llB-'li 8 Ilutland EallroRd, pref........... OStt 0 Brockton Street B...............litvii 8 West End Street R., prof.......... 84Vi 118 St. .Tohnsbury and Lako Ohamplalu E,,eora.......................^  .06 11 Old Colony R...................leflji 6 Lawrence Gaslight Co,.,,.......,l�9t.5 10 AmorioanWaltham Wntol>Oo.l70(a)lfl9VS 6 do,,-..........................160 80 ft, Payno Coal and Iron Co....... SSys BO do........................,,.. 24% 42 WoKay k Bigolow Hcel'g Mnoh Co.. lOi^ 4 E. * T, Fairbanks i Co.,,,.......470 20 MoKay MotaUo Fastening Co...... 28^4 2 American Insurnnoo Oo........... 69 17  do............................ 67^ 10 North Araerloan Insurance Co.....77% aoo Winnlsmmot Co................. 23 10 Brookllne Gaslight Co............189V4 fBoston Tow Boat Co.............IBO Flromon*8 Fire Insurance Co.......170 20   do..........................173% 1,000 Boston A Albany 7b, 1882, reg.....103 81,000 Cin, Ssnd, Js Clevo. B, 6s. 1828.....108 820,000 Boston Water Power Co. 1st 7B, coup off...................,;. 87Mi Sl.OOO OincinnaU City 7 3-10,1003.......120 SIboO United States 4s, 10O7............120 88,000 Highland Street n. 8s, 1003........loavii 84,000 Burl, .t! Mo. Hlv, U. 7,1893. L, G,. .100 |2,000 Burl, & Mo, Klvor R, Os, 1018 ox., ,116 g7,000 American Boll Tolop, Co, 78, 1897, .111 S4,000 Eastern R. of Minnesota 68,1908,,. 102�4 81,000 Oons'd R. of Vermont Bs, 1913..... 85 Bailroad Earnings. 68 roads, first week Nov, 1800,           1889. Increase. Gross.......S0,626,.139     0,002,620 432,910 92 roads, fourth week Dot. Gross......jilll,12B,040   10,669,844 556,803 140 roads. 10 months. Gross.....S41B,040,01B 370,802,990 35,178,026 � 160 roads, month Oot. Gross,... ,.iJ61,306,10B   49,892,803 1,912,208 PKNVER ti OlO OS-ANOE, Gross, Sept, g830,078 764,643 81,BSB Op, exponso      434,322       406,483       28,839 The Week's Business in Many Lines of Trade. 180 SB 100 00 BO 80 Total sales-Bonds, S124,837.92! shares, 41,230; unlisted-Bonds, glO.OOOi sliujes, 71B7. Ex-divldend.       _ OloainB Frioes of Bonds and Stoolcs. LAND  STOCKS. Bl,l. Asked, Annlston 0 Asplnwail. Boston.,.. BosWaterP Boylston ,. Brooldlno. Campob'o.. .. Cutler.....   1 , EastBoston   2% Fr'ins Bay.' .. Lamolne,,. 25o Maverick..   IVa Newport.,   1% I'enobBay, BOo San Diego, IB Sullivan H. 7Bo Topeka...... West End.. 21''/8 Winter Hor .. Winthrop,.  .. Woiiaston.   OOo RAItKOADS, Bid, Asked, Olov & Can .. dopret,, 20% Conn&PaaUB Mex Cent . 17 NY&NE, 81 do prof. .112 OgdiLC. 6 Old OolonylflO OreShortL. 20 Union Pao. 45 West End. .. do prof,. ,, WiaoonCen 14�4 MINIKO STOOES. Allouez ,,,   4 .     Atlantic, 18 2 Vs I Bonanza,. BOo 22% HoBAiMon. 44 23 lis 167 46% 86 16% 76o 1 7Bo KAILllOAD BONDS., AtchOM48. Income Bs 47 CBJfcNBs ., 2d 6a____ 08 DebunCs. .. C.B & 076121% Ch&WMBs .. KO.MiBBs MexCen4s 678^ Ist ino 3s .. BdinoSb. 17 OrSh'rtL�8.103% WtscontJen Ineome Bs 79 48 101 100 100 921/ 90V 68 84 40 MIHGELLANKOUS BONDS, BosUOasOs 2d Bs..... IlAlX-nOADS, Atchison.. 26S4 BoN.VAlb. .. BostLow .176 Rob * Mo..inOVa CentMiuis.. 16 do pref., 32 C, B4lQ.. 84 ClcSan* C 90 78 26 ioos/4 17 33 84ya 26% ButtC&BOS ISSyi Cal&Uoohi. .. Catalpa,.. SBo Centennial, Central.. Bunkln,,. Fraiiltlln. Huron .,, Kearsarge, Napa .... Osceola* . Qulnoy,., JUilge...; Kanta Fe. 10 06 0 16 12% 44% 14% 200 SBo IBVi 760 10% B 82% 33 80 00 87%0 , 1 lOo     4, Tamarack,'.3b5     100 IKLlil'IlO.'.-li; STOCKS. 211 47 8B,i B2 1V4 klectuic stocks, ForlWayne�ll Thoin-Ilous soys 40 do pref.. 2OV4 � do, ser P. ,. 6 Bell......210 Erie"........ Mexican.,, 7Bo New Eng ., 61 Tropical..... MIBCELJ:.A1.'E0US, East Car U,   IVp do prof,..   3% idison'I'oy, .. .amson... 20 �uUman.,.177 teece But, .. UnlonStYd SiouxClty ,. UNLISTED SBCUBITIES, MlfiCKLLAKEOUS, Bay 8t Gas. 25 28 lUBtoclBs. .. 100 KatLeiiu'Ir, IBS/s   IWji iso is% 106 Sugaritellu C2 El-dlvidend,        _ New Stock Exchange...........Nov. 15. FORENOON CALL. hailhoads. 20 Atch,TA:SF 24.1/8 B do....... 26 10 Cblc.BiU. 84 10 Clovi:Cau, pref..... 21% 10 ^S'i�.NEng SOa/J 7 Union l-ao, 4ty8 mining cds. 100 Allouez...   e 200 Aztec.....llo lOCLdo........100 BirBonanza.. B6c 400 Cal;  St Loms. 60% do prof........ 90 ConsolidaTod Coal. .. Consolidated Gas.. 00 DelifcKuason, , ..130,, Del, Lack  lb, Tlie closing ot tho year brings no BncournKomeut to shinpors of live cattlo, they cannot scours margins of protlla loi-ga enough to balance tlie losses sustained. Freight rates are not settled; steam.ship agents aro asking from OOjjiyo shillings, while shippers aro not willliiff to engage space at tho above rates, or for any leugtli of time. The top ii'liicli shippers will pay ia fiCSfiOO shillings, Iiisuranco premiums show no cliaiigo: , Shipuiants from Boston for tho wook were: Beef Steamer, Cattlo,    qrtH, Iowa..........................  BOO    l,7Ha Columbloi.......................  802     2,800 I'riwfllnn.......................  37B      .... Durham City.......,............  640     1,040 I'avoula...........................     3,002 NOME FURNITURE GO. COMPLETE HOUSE FURNISHERS. ruii-sisso roiaing CLOTHES HORSE. Prioo for MOH-DAT,Sov.l7, Eomombor, this price ia for MONDAY, Nov. VI, only,__ Ot Would yon like to buy yoiur f umituro cheap? If !0, llBten to our Utile story. In stooklng up our newbnlldiuR we did not use tho goods in our old buUdinn, but fitted up entirely new. Wo have, therefore, the stock In our old bullillng to close out at some price before the expiration of the lease of that place. Wo shall seU this stock at some prioe -within the next 30 days, and money, will bny anything in tho building at your own price if you aro reaaonaUlo, Priooa at our old store to CX.OSX1 bux 1 CHAMBER FURNITURE. S20 Chamber 8ets"K0ing nt.............. SIS MB Chamber Sots going at.............. SIB 840 Chamber gets going at,,............ 800 Chamber Sets going nt.............. #40 f!l7B (Jhamhor Sots going at,.,............ Sso fflOO Chaniher Sets going at.............. mtH 8126 Chamber Sets going at,............. SOO 8160 Chamber Sets going at............",,811c PARLOR SUITS. IBO Parlor Suits going at............ 176 Parlor,Suits going at..........;. 00 Parlor auits going at............ H2B Piu-lor .Suits going at............ llflO Parlor Suits BOlnc at..........., 1200 Parlor Suits going at.........,.. Totals......................2,3to     7,030 KEW yoniC SHll'JlKNTS, Hoot Steamer,                          Cattle. Quiiricrs, WyomiiiR......................, 2080 City ot New York................ 21.^0 Tevitonlo....................... 21120 Aurania.................... ,,, 4201 Epypllan Monarch............... 1000 Etliiopla....................... 2400 The Queen...............------ 450 1080 Connciiuira............. 518 Kt. I'ancraa.................. 0,3 . .... Olympla..................... 250 .... Canton..................... 350 iliidll4i.no................... 437 MarUiUo...................,'200 .... (Irecce...................... 450 .,.. Italia....................... 413 Sorrento.................... SOO ____ Totals....................40,13      10,531 Tlio cull for Wostorn llvo cattle has boon fairly aolivo, .witii prices firmer, yet drovors claim that thfiy have boon costing higher at tho West, Beef cattlo from the Now Kiigiaiid States were ot niodhim quality, iiiul prices wcro in favor of buyers. Sheep and lambs wore in full supply, with clmiigos ill favor ot buyers. Voul calves continue to arrU'o in full supply, and considoriiigtho lioavy recoipt.1 thoy havo boon soiling at good pricoB. All other branches ol tho trade moved slow, but a clearance was cfroctcd botoro close of markets. Tho doinana lor dressed beef, mutton, lamb and vo�l has been fair and prices show uo rhatorial cliango from the current prices of lust wook, BOSTON PRICES. Quotations for BouuiJ Lots ol the Staple Oommodities. FLonE.-Fino, ,?2,70@2,9fi V bbl; super, t!3@3.7G; extra and seconds, $3,7(i; Minnesota bnkors' clear and straight, $C.2C@5.85,' Michigan stone, $4.(50*5,60; winter wheat, straight rolled, .$B.25i3C.7B; winter patents, $0S;(J.2e,- spring palonLs, .JBlgiCCO. OoBN,-High mixed, (l7o| steamer, yellow, OOo; sloanior, mixed, BCo, Oats,-Clioico to fancy clipped, 68@60oi No. 2 white, nCitfiOc; No. 3 white, fi4c, BoTTicu,-Creamery, Northorn extra, 20r 280; Northern extra flrsts, 2(ir2Ue; Eastern extra, 23'':j;24c; ^Voalern extra, soft wood pkgs, 241ii2Cc; ^^'ostcru extra, hard wood pkgs, Zlic; Wostorn extra lirsts, 21@22o; firsts, 17ia.20o; seconds, 12'JslEo! North Juno extra, 2l(n;22c; Wost Juno extra, aoS! aic; dairy, Vurtnont extra. 2:ic; Now York extra, 22oi Now York and Vermont extra first.?, 20TS22c; New York and Vermont i rsts, 17fell>c; New York ii.nd Vermont low (rrados, 10 bbl, S2,26!!ia,60, WHEAT.  GEAXN.   PBOVISIONS. Despatoheo Keceived by Famimi, Kear-don &, Co. Keport Prices as Below at Chlcaveo. Tbe break In tho wheat market was almost entirely dns to the seusational news rtigardliiB the xieoesBitles of the great iioute RANGES. 118 itangen gol !2B Itangea gol (40 Ranges gol (00 Itonges gol ng at..................iStU.OO ng at..................MIS.00 ngat..................isS.OO ngnt..................S40.00 NOME FURNITURE GO. COMPLETE HOUSE FURNiSHEPl,. FULL-SIZE BED LOU?itilE, Upholstereil In Kamlc, Uprlncr Seat, Walnnt FramCiFlaln Head. Price for TucBday.Nov.lS^ nemembep, this price Is for TDE.SDAT, Nov, 18, only. _ We aro also closing out all our SIDEBOARDS, PARLOR DESKS, OIL CLOTH, STRAW IWIATTINOS, EASY CHAIRS, CHIFFONNIERES, STOVES, All are to be sold at some price latote our leas* oxplres. Iluriufr this sale wo shall present to every por� chaser of J?100 or more a COOKING RANGE FREE, We shall also present to every purchaser or geO a hoauttful RATTAN ROCKER FREE, And to every purohaaor of (325 a nico RUG FREE. To our out-of-town purchasers we would say that in addition to all above Kifts, If your pnrohaee is 980. we will p.ay oar fare to Boston, and if your purcnass Is ^100 or naoro, wo will pay car faro to and Ironj lloston, � Wo also deliver all our goods free anywhere itf Xew Englnnd (except our special day goods). au  brook in stocks in New York was also a factor, but an soon as Eastern and foreign exchanges were closed, so that no mot^ bad news could bo received, tlio market showed a good deal of strougth, and wheat closed with a larpo part of the decline recovered. Visible will increase about 1,250,000 bush. Corn broke n oent during tho oxoltemont, but closed higher than tho oponinRr, Shorts wore the best buyers. Cash demand is very good and tho market is tiuito likely to rally. Oats were fairly active and rooovorod all their loss hotoro theolase, whioh was lilgher than the openlns. Provisions were again weak, and while liquidation in grains continues lowor prices may bo scon. wnuAT, Ulgheat December,. May Oponl.^ 1,01% m 1,01 conH, Lowest. 01 08% November., Dooombot.. May....... ei% May.......    43% December.'. 9.02V4 .January ,, .11,00 May.......12,35 62 OAra.. ma �sows.. llloaw 18.42% lUlD. 43 11.47M1 la.as December.. O.OaV �Jtinuary... ^^fy May. 0,30 1    8.77M, siionr niDS, .Tannary,,. B,07% K.^O May......6,a0       0,20 .e.221r�l �,70ti n.es Closing, 08 1,00% �2 ll,l!5 ia.3S 0,27% 6.76 COS fl.iaVab �,1B m tOflADINQ KAHJOITS. Quotations on Staple Produota at JSow York, OhioaKO and St. Iiouia. Nkw YOKK, Nov. IC-Cotton spot steady, quiet; sales, 107 bales; ordinary uplands, 7o; do Buif, v S-i2c; a'ood ordlnory stained, (l%o; middling uplanSa, o%o;, Huntley, Klre Island, N 3, potatoes; Pemaquld, Wheeler, Thomaston, lime; James Holmes, Ryan, Belfast, hay; Siullo Corey, Lowe. Wlntorport, hay; W E A W L Tnok, Eldrodge, Por* Johnson, cool; Mary F Cushman, Bctta, Promised Land, L I, oU; Emma E Potter (Br), Lo Calr, Olcipentsport, N S, piling; K Carson (Br), ,Sweee| Quaoo, N B, piling; Irene (Br), House. St John.N Bi Inmbor; Crloket (Br), Ernst, Bt John, >r B, lumber; MaggloJ CUadwiok, Tewkosbur^-, HoboKen, coal; Poeliaeset, Ilerrick, UoboUon, coal; Daniel OllTord, Cosman, Port Liberty, coal; Jennie Grcanbank. Norton, New York, olay; Oliver Ames, Handy, Port Johnson,coal; KobortHlii'.tliliun,CrowoU, Hobokeii, coal; Thomas W Haven, Potter, Perth Amboy, coal; Satollite, Adderton, Eliot, Me, brick; Ch.i,rle3 Cooper, Gray, Bangor, liunbor; Jleiitora, .Smith. Porlsnioutli, NH, brick; J O Crowoll, Mead, Orl land, Me, brick; Norton, Israel, Eltot, Me, brick; St Loon, I'orkins, Lynn, Mass, ballast; Fleetwlng, Wlllianis, Nowburyport, sand; 3Iary B Itogors' Clark, Bath, lumber; Fleetwood, Colson, Kockland, ' Imo; E T Ilamor, llamor, Deer Isle, stone; Ira, BUSS, Uudsou, Tiverton, It 1, oil (at Weymouth), Cloarod Saturrtay. Btcamers, Halifax (Br), Hill, Hnil(n.T, N 8, Boston, Halifax and P E I 3 S Co; Chatham, March, lialtl-inore vja Norfolk, Arthur M Graham; Spartan. Snow, Philadelphia, E B Sampson; llernKin Wln-ti-r, Nlokorson, New York, H M Whitney; Treniont, Craig, Portland, Charles F WlUlums; State oj Maine, llUyiird, Portland, E A Waldron; B.jwden, Anderson, Port Antonio, Jam, Boston Fruit Cii. Brig Leo (Br), Mattson, Lunenburg,N S, Whitney, Pouslaud Jc Co. Schooners Uoportor (Br), Gllohrlst, St John, N B, Hnthewny & Co.; Canning Packet (Br), Berry, AunaiioUs, N S, Do Long & Seaman; Fannie and Fay, Mohafley, New York, Jolm VV Uunell. SuUoil eiutiirday. Steamers, Pnvonla, Liverpool; iraUfai, Halifax, NS; Spartan, Pliiladelphla; Chatham, Baltimore .via Norfolk; Herman Winter, Now York; Cumber-land, Portland; Glaucus, New York; Shawmut, towing barge Atlas, Baltimore. Tug Joshua Lovett, New York, Schooners, Asnes Manning, Baltimore | T A Stimrti JonosporC,   _^ Iir you want a good trade on a house or loJi see the advertisements on page 13. mi m UO. A manufacturer's entire line of samples, comprising all the latest styles for Fall and Win-tor wear, in sizes 34 and 36 only, will be sold at less than cost to manufacture. Call early -IT- 23-l(ingston Street-25 Near Summer St. TiWbomltMayGonceni! Just to boom buslnoM before our Christmas trade commences nad Induce you to vmlt our new studio wewlU make you a CttAVO?!,- I'OllTKAaT (not *i 'cntyonetie," BrouUoe I'riut or anything ox the sort, but a rtKiUar tweuty-doUar (Drayon I*orti-att) ror iSfi, u you pKco your order wish m ivitliln two weeks.     ., ^ Furthenuoiv, we wUl frame thn same tor yon In a hana-ornimieuti'd ellt frame, 6-luch mouldUis, ivlUi silk plusb, for 61 extiii. Ifyoudjmt beliovo this Is tho greatost bargata evi'r olfoved In tlils Une, caU and Investigate for joureelf. You will flnd this a good opportunity ta provide �n olegaut and acouptablo Xmas present a ft low coat, _ Crayon   Portrait  Society^ Xt� lUXiVlWV ST.. BOSTON. 47   

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