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Totals..

1,600,000 00
48,000 00
59,118 80
1,970,560 00
48,849 60
1,628,320 00
$64,623,512 00 $1,938,705 36
Interest paid by United States, $49,528,566 66; interest
repaid by transportation of mails, &c., $14,426,126 35; in-
terest repaid by cash payments: 5 per cent net earnings,
$655,198 87; balance of interest paid by United States,
$34,147,241 44.

The foregoing is a correct statement of the public debt,
as appears from the books and Treasurer's returns in the
Department at the close of business, June 30, 1881.
WILLIAM WINDOM,
Secretary of the Treasury.

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Amount
Outstanding.

to 6 per cent. old debt, 1837

$57,665 00

5 percent. Mexicanindemnity atock, 1846....

6 per cent. bonds, 1847...

1,104 91
1,250 00

6 per cent. bounty land scrip, 1847.....

3,275 00

6 per cent. Texas indemnity bonds, 1850...

20,000 00

5 per cent bonds, of 1858 .... 5 per cent. bonds, 1860.....

8,000 00 10,000 00

600 00

6 per cent. 5-20 bonds, called 1862....

372,100 00

688 87

6 per cent. 5-20 bonds, called June, 1864

64,850 00

6 per cent. 5-20 bonds, called 1865

77,250 00

5 per cent. 10-40 bonds, ca led 1884....

639,250 00

6 per cent. Consol. bonds, called, 1865..

469,250 00

6 per cent. Consol. bonds,

called, 1867.

1,371,000 00

6 per cent. Consol. bonds, called, 1868

6 per cent. loan, 1861, maured ec, 31, 1880

5 per cent. funded loan, 1881 called...

1 10 to 6 per cent. treasury notes, prior to 1846

4,900 00 $86,000 00 2,254,150 00 82,525 35

1-10 to 6 per cent. treasury notes, 1846...

6 per ct. treasury notes, 1847.

6,000 00
950 00

Central Pacific bonds,1862-64
Kansas Pacific bonds, 1862-64
Union Pacific bonds, 1862-64.
237 42 Central Branch Union Pacific
bonds, 1862-64.
88,931 60 Western Pacific bonds, 1862-4
Sioux City and Pacific bonds,
1862-64.....
214,619 11
9,406 24
214,606 66
28,319 22
4,524 00
77,944 15
2,668 06
206 00

Amount Outstanding. $25,885,120 00 6,303,000 00 27,236,512 00

8 to 6 percent.treasury notes, 1857.......

57.00

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6 per ct. treasury notes, 1861. 7 3-10 per cent. 3 years'treas.

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ury notes, 1861..

16,300 00

5 per cent. 1 year notes,1863. 5 per cent. 2 year notes, 1863.

44,635 00
35,450 00

6 per cent.compound interest notes, 1863-64....

1,104 48
2,238 85
1,804 80

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3 per cent.certificates called.

5,000 00

244 19
394 31

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7 8-10 per cent. 3 years' treas.
ury notes, 1864-65.........
6 per cent. certificates of in-
debtedness, 1862-63......
4 to 6 per cent. temporary
loan, 1864...

Aggregate of debt on which
interest has ceased since
maturity................

DEBT BEARING NO INTEREST.
$60,685 00
346,681,016 00
11,925,000 00
5,782,920 00
51,186,630 Co

Demand notes, 1861-62.......
Legal tender nates, 1882-63..
Certificates of deposit......
Coir certificates, 1863..................
Silver certificates, 1878......
Unclaimed interest...
Fractional currency,

1862,

1863 and 1864 $15,481,887 2

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.21 00022 50 4
.........20 00021 00

CAR WHEEL AND MALLEABLE.
Hanging Rock Cold Blast....37 50040 00

4

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Warm

Southern Car Wheel....

....30 00@32 00 4
.33 00@37 00 4

...

6,743 bl Lake Superior 1 and 2.... 33 05@35 00 4
Lake Superior 3 and 6.......35 0037 00 4

The Kentucky Central Railroad Company have
decided to extend the road from Paris, Ky., to
Knoxville, Tenn. Work will be commenced upon
the extension as soon as the right of way is

$6,746 51 voted.

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....

2d mortgage, 76...... 91
3d mortgage, 8..... 50
Northern Central ($50, 56 561
2d mortgage, 6s 1885..... 112
3d mortgage, 6, 1909.....
68,1900, Gold.

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Cincinnati Iron Market.
REPORTED BY E. L. HARPER & Co.
Cincinnati, July 5th, 1881.
There is nothing of importance to communi-
cate concerning the market since our last report.
The orders booked are principally for quick de-
livery.

Baltimore Stock Exchange.
Closing Prices for the week ending July 5.
W.29 Th.80.F.L. Bat.2 M4 7
200

Baltimore and Ohio
6B, 1880...................
6s, 1885..

Jentral Ohio ($50)..
1st mortgage

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Marietta & Cincinnati..

...

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....

London Stock Exchange.

-Closing Prices.--
June 24 June 17.

Baltimore and Ohio (sterling).......116-118 116-118
Central of New Jersey $100 shares.100 -15 105-107
Do. Cons. Mort. Oct. 79 coupon...120 - 122 120-122
Do. Adjustment bonds....... 110-114
Do. Income bonds..

...104-106

110-114

105-107

118- 120

113 115 144-146

134-186 150 -152 149-151 ...125 -127 124-126

47

471

89 91 134-136

131 -133

106 -104

New York Stock Exchange.

reday's quotations follow money article.> Closing Prices for the week ending July 6.

Th.30. F.1. Bat.2. M 4 Tu.5. W.6.

xpress............

d Busq........... gage........ gage........... Express..... 83. Pacific Tel..... 3.& Nor..... 80 gage 58......1023 outhern...... 67 gage guar...104 IN. Jersey..101 tgage 1890...1201 olidated, ass.. 120 vertible, ass......

me.******* sent............. acific.........100

San Joaquin).....
Dal, and Or.).....
rant 6..........
te and Ohio... 30
nd Alton...139
ed..........
tgage............
Fund.........
rl.& Quincy 163
ol,1903......
Land St. Paul.126
ed............135

tgage, 8a...... ...
gage, 7 3-108......

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'Ih.30. F.1. Bat. 2. M.4. Tu.5. W.6.

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2d Consolidated......1081 1041 1021
New 2d 58 fund..

103

1031

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991

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N. Y., N.Haven & Hait....
North Missouri 1st M..
Northern Pacific....... 449

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Preferred

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, reg........

U.8.5,1881,coup........
U.8.68,1881,reg....

U.8.68 continued at 31.....
U. 8. 68, 1880, reg...

U. 8. 6s, 1880, coup.........

Dt. of Col. 3-668, reg........

Dt. of Col.3-65, coup.....

FEDERAL STOCKS:-
U. 8. 48, 1907, reg.......
...118
U. B. 48, 1907, coup.....118
U. 8.416, 1891, reg.........
U.B.48,1891, coup........
U.8.58,1881,

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67

101 10

Preferred...........116

102

991

1001 1001
120

2d mortgage........

Consolidated 7s.....

....

Consol. Sinking fund

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Pacific Mail 8. 8. Co.. 52 521
Pacific R. R. of Mo........

1st mortgage........

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.......

280

Philadelphia & Reading 60

Pitts., Fi. W. & Chi. gtd 139

1st mortgage.....

2d mortgage.........

3d mortgage

........

1321

..

Pullman Palace Car....143]

Quicksilver Mining Co
Preferred....

8t. Louis & San Fran.. 521
Preferred......

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71

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521 49

73 501 511

781

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135 134

136

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1121

1184

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921

94

951

8t. LouisDivision

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911

95

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ck Isl. & Pac. 142x 142) 140 1.C........

,C.and Ind. 94 rtgage............ Pittsburg guar..... solidated....、 ortgage.... L, Ind. Cent 241 rtgage............ rigage.........

Judson Canal.109 110 108

1891..........• • • 1884............

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1st mortgage.....

2d mortgage.

Tol., P. & War. 1st E.D.

Det., Gd. Haven & Mil. Equip. bds.118 -120
Do. Con. M. 5 p.c. till '84 after 6p.c. 113-115
Illinois Central$100 shares.. ......143 - 145
201 Lehigh Valley Consol mortgage....118-122 118-122
N. Y. Cent.& Hud. Riv. Mt. bonds 134 - 136
Do. $100 shares....
Do. Mort. bonds (Br
N.Y., Lake Erie & West., $100 shs... 47- 47
Do. 6 p. c. pref. $100 shares.... 90 92
Do ist Con. Mort. Bonds (Erie)...135 -137
Mort. Funded Coupon bonds..... 132-134
Do. do. 2d do.
..... 105-106 105
Do. 2d Consol. Mort. bonde....... 101-103 103
Po Geld Income Bonds.....
90-95
N. Y., Penn. & Ohio let mor.. bds.... 621- 63
Do. Prior Lien Bonds (sterling)....11 -113 108-110
Pennsylvania, $50 shares..
67 - 68
Do. Con. Sink. Fund Mort........ 122 -125
Philadelphia & Reading to shares. 30 31 281-291
General Consol. Mortgage........115-118 115-118
Do. Improvement Mortgagc......104-106 104-106
Do. Gen. Mort. '74, ex-deferd. cou. 96 98 96 98
Do. Scrip for the o det. coupons. 93
Pittsbg, Ft W. & Chic. Equip bds.110 -112
8t. Louis Bridge 1st mort. gold bonds129-131
Do
1st pref. stock.....105 - 107 105-107
Union Pacific Land Grant 1st mort.113-116 113-116

....

....

....

Boston Stock Exchange.
Prices for the week ending July6.
Th.30. F 1. Bat.2. M.4. Tu.5. W.6.
Atch.,Top.and Ban. Fe.148 147 145
146 146

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1741

110

81

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Financial and Commercial Review. THURSDAY EVENING, July 7, 1881. In the morning hours money was in good supply at 82@4 per cent on stocks and at 2@3 on government bonds. In the afternoon the quotation for call loans at the Stock Exchange was 32 per cent. In the last hour call loans were bid up to 5 per cent; the closing quotation was 32@4 per cent.

The posted rates of the leading drawers were 4.84%@4.86%. The actual rates were 4.8334@ @4.84 and 4.85% @4 86 with cable transfers 4. 86404 and prime commercial 4.82@4 822. The actual rates for Continental exchange were 311 as follows: francs, 5.2310 5.22 nd 5.193; marke, 944@3% and 9434@% and guilders 40 51; @404. 110 1101 152

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Boston and Albany...

Bostor and Lowell

Boston and Maine.....165

110
1644

Boston and Providenc. 171

ortgage......

111

Burl. & Mo. R. L. G.7

Boston, Hart. & Eries 81)

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112

al St. Joseph 92

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Burl. & Mo. R. in Neb.

erred............ 116 114

115

114 1161

Jonvertible..........

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112

on & Tex. Cent... 99) 101 1011

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Chi., Burl. and Quincy 164

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Central...

Mortgage..........

76

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Cin., 8and. & Clev.($50)

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Shore&Mich 80.1261x 1261 124!

125 T25

Concord (860).....

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131

sol, 78, reg......****

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51 1101 110

61

Consolidated..... 124

Consolidated.

Dock bonds.....

Filled Nashville..1061

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153

W.B. 78, Con......

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mattan..........

78.....

politan Elevated.. 88,

261 26

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89 881

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Northern, N. H.......1091

110 110

100 x 100

100

1001

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130

1101
126 126

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Mortgage.........

igan Central......104 x 104

...

1902... and N.I.1st, 8.F. la and Essex.....126 mortgage............. mortgage............. of 1871................ Convertible........... Consolidated.... Cent, & Hud. Riv.146 Sinking fund,1883 Sinkingfund, 1887.

tmortgage

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t mortgage, reg...
Y. Elevated........110 110

t mortgage............. 1ork and Harlem...... Treferred.........****** mortgage.****** mortgage, reg....****

Eastern......

Connecticut River....

New 41 Bonds...........
Fitchburg..

Preferred.

......

Ogden. & Lake Chanp

Old Colony...

Ph., Wil. & Balt. ($50). 68
Portl'd, Baco & Ports......
Pueblo & Arz. Vai..

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68

....

1431

129 131

130

124
146 145
105

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Binking Fund 8....

Vermont and Mars...
Worcesterand Nashua 68

115 116 Cambridge (Horse)..

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Metropolitan ("

Middlesex

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)....... )....

Dal Recla Mining Co. 228

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The Secretary of the Treasury issued on the 1st inst the following call for bonds for redemption, being for the remainder of the five per cent registered bouds issued under the Acts of July 14, 1870, aud January 20, 1871, which were not presented for continuance at 32 per cent:

By virtue of the authority conferred by law upon the Secretary of the Treasury, notice is bereby given that the 5 per cent registered bonds issued under the acts of July 1st, 1870, and Jan. 20, 1871, Dow outstanding and uncalled, will be paid at the Treasury of the United States, in the City of Washington, D. C., on the 1st day of October Dex', with the interest accrued thereon from May 1, 1881, and that the interest on the said bonds will cease on the said 1st day of October, 1881. Or, if the bolders prefer, such bonds will be paid on presentation at any time prior to the 1st of October next, with accrued interest from 87) May 1, 1881, to date of presentation. Parties

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transmitting bonds for redemption shall address 40 per cent; Southern States, 2 per cent; West-Norfolk and Western, 60; New Orleans P them to the "Secretary of the Treasury, Loan ern States, 8 per cent; banks and cther corpo- 1st, 101; Northern Pacific 1st, 10834; New Division, Washington, D. C.," and all the bonds City and Northern Gen'l mort., 954; Obie

called by this circular should be assigned to the rations, 35 per cent. "Secretary of the Treasury for redemption." The closing quotations on Thursday were:tral, 34%; do. 1st, 105; do. Inc., 65; 0 Where checks in payment for the bonds are de- Adams Express, 135@137; American Express, Railway and Nav., 171; do. 1st, 112 sired in favor of any but the payee, the bonds 80@82; American District Telegraph, 48@50; Southern, 34; do. 1st, 99%; do. inc. should be assigned to "the Secretary of the Treasury for redemption for account of "(bere insert Chicago, Burlington and Quincy, 164 2165; Can- Peoria, Decatur and Evansville, 49; the name of the person or persons to whose order ada Southern, 67% @67%; Chicago and North-Watertown and Ogdensburg, 40%; do. 1st co the check should be made payable.) western, 181@131%; Central Pacific, 99% @ 103; Rochester and Pittsbarg, 44%; ds The Treasurer of the United States issued on 99%; Chicago, Milwaukee and St. Paul, 127% 57%; Richmond and Allegheny, 70; 8 the 1st inst, a statement showing that the total @128; do. pref., 136%@137; Chicago, Rock and Sioux City 1st, 112; St. Louis, Jac fucded indebtedness of the District of Columbia Island and Pacific, 142@143%; Cleveland, Co-ville and Chicago 1st, 120; St. Paul, Minn amounted to $22,141,800. The amount of the lumbas, Cincinnati and Indianapolis, 95%1⁄2@953⁄4; Man., 106%1⁄2; do, 1st, 1111⁄21⁄2 ; do. 24, 10 funded debt retired since July 1, 1878, is $652,- Columbus, Chicago and Indiana Central. 25 Paul and Duluth pref., 88; Southern Pac 900, and the reduction in the acnual interest 25%; Delaware and Hudson Canal, 10934@110; California 1st, 107%; St. Louis and Iron M charge by the operation of the sinking fund since Delaware, Lackawanna and Western, 123@ pref. loc., 100; do. 5s, 94%1⁄2; do, Ark. B that date is $41,370 77. The following stocks and 124%; Hannibal and St. Joseph, 9334@94; do. 1st, 114; Toledo, Delphos and Burlington bonds on which interest bas ceased, there being pref., 1172@118; Lake Erie and Western, 60% do. inc., 60; Texas and Pacific, 66%; do funds for their payment deposited in the Treasury, @614; Lake Shore and Michigan Southern, L. G., 87; do. Rio Grande div., 1st, 101;1 are outstanding: Corporation of Washington 10 125 @125%; Metropolitan Elevated, 90% @91%; and St. Louis, 454; do. 1st, 94; Toledo, i year bonds, $150; 5 per cent general stock, Manhattan Elevated, 2334@24; Michigan Cen- and Western 1st,t118; Alabama, Class A $2,010 01; 6 per cent general stock, $1,280 17; tral, 105@105%; New York Elevated, 199@ Arkansas 78, P. B. & N. O., 14%1⁄2; Louisis 6 per cent Canal stock $100; Corporation of 110; New York, Lake Erie and Western, 45% consol., 6334; South Carolina 6s, consol., } Georgetown 6 per cent general stock, $200-total, @46; do. pref., 873%@874; New York Central Tennessee 6s, old, 73; do. cew, 78; Virg $6,740 18. and Hudson River, 145%@146; Ohio and Missis-def., 17; Sutro Tunnel, 134; Colorado Co The statement of the public debt of the United sippi 42%@421⁄4; Ohio Central, 844035; Paci |Iron, 631⁄4; do. 1st, 102; Consolidation Cen States, given in another column, shows a decrease fic Mail, 51% @51%; Panama -@256; St. Louis, Maryland Coal, 30; New Central Coal during June of $12,328,159 53, and a decrease Alton and Terre Haute, 62265; do. pref, - Spring Mt, Coal, 45; Central Mining, 4); since June 30, 1880, of $101,573,483 36. The 9634; Texas and Pacific, 66%1⁄2@66%; Union Pa. celsior, 11⁄4; Homestake, 1934; Standard, # interest-bearing debɩ amounts to $1,639,567,750; cific, 1301@130%; United States Express, 690 Silver Cliff, 51⁄2. debt on which interest has ceased since maturity, 70; Wells Fargo Express, 125@130; Western $6,723,865 26; debt bearing no interest, $422,- Union Telegraph, 923⁄4%@921⁄2 ; Wabash, St. Louis 721,954 32; total debt, $2,069,013,569 58; inter- and Pacific, 584@59; do. pref., 94%@941⁄4. terest, $20,948,657 75; gold and silver certifi- The following quotations of sales of Railway cates, $56,949,450; United States notes held for and other securities, for the week, are in addiredemption of certificates of deposit, $11,925,000 ;tion to those giver elsewhere in our columns: cash balance available, July 1, 1881, $170,920,869 New York-Am. Dock and Imp. bonds, 183; 48; total cash in the Treasury July 1, 1881, $249,363,415 35.

Philadelphia.—Am. S. S. Co., 291⁄2 ; do. 6o, Buffalo, Pittsburg and Westero pref.. 35 ; C1 nati 7.308, M. & N., 134; Chesapeake and ware Canal 6s, 89; Huntingdon and Brost Mt. consol. 58, 91; New Orleans Pacis 102; Oil Creek 1st, 102; Philadelphia Ger town and Norristown, 110%; Philadelphia Boston and New York Air Line, 69; Buffalo, Reading R. R. scrip, 74; Pennsylvania Co Pittsburg and Western, 46%; Chicago, Barling-107%; Pennsylvania and New York Cane During the fiscal year ending June 30, 1881, ton and Quincy 83, 106; Chicago and Eastern 123%; Snobury, Hazleton and Wilkesbarr fifty-four National banks have been organized, Illinois 1st, 113; Chicago, St. Louis and New Or. 35; Texas and Pacific consol. mort. 6s, with a capital of $6,409,700. Nineteen banks leaus, 83%; Chesapeake and Ohio let pref., 44%; Union and Titusville, 7s, 110; West Jersey have gone into voluntary liquidation by vote of do. 2d pref., 31; do. cur. int., 6234; do. 1st, 35 ; do. 1st, 122; Western Pennsylvania 6s, i the shareholders, having a capital of $1,620,006. Series B, 89%; Chicago, St. Paul, Minneapolis barg Br., 113. The latest quotations are. There have been no failures of National banks and Omaha, 43; do. pref., 105; do. consol., 6s, 115@116; do. free of tax, 181@182 during the fiscal year. The number of banks 104%; Cedar Falls and Minnesota, 33; Cincin- 4s, new, 106@111; Pennsylvania State 68 &d now in existence is 2,122. There has been a large nati, Sandusky and Cleveland, 624; Clev., Col., ries, 104@105; do. 58, cew, loan, 118 increase in the loans and the deposits. The state- Cin. and Ind. consol., 1261⁄2 ; Cairo and Fulton do. 4s, new, 111@—; Philadelphia and Bea ment of May 6, which is the date of the last re- 1st, 113%1⁄2; Col., Chi. and Ind. Cent. Inc.; 7534; R. R., 2940293%; do. consol, mort. 7s, c ports received from the banks, shows an increase Chicago, Milwaukee and St. Paul 1st, Southern 12634@127; do, reg., 126%@127; do. mor of $84,600,000 in loans over the corresponding Minn. div., 108%; Denver and P.io Grande, 108; 121@—; do. 7s, 1893, 121@122; do. new c period of last year, and $133,200,000 in individual do. 1st, 1202; do. 1st consol., 11734; Denver, 66@-; United New Jersey R. R. and Cara1. deposits. There has also been an increaso in South Park and Pacific 1st, 110; Houston and @200; Buffalo, Pittsburg and Western, 2 specie of about $23,000,000, and an increase in Texas Central 1st, W. and N. W. div, 115; Iodi-22%; Pittsburg, Titusville and Buffalo 78, 10 circulation of $10,596,000, which, however, has ana, Bloom. and Western, 55; Kansas Pacific 1st @107; Camden and Amboy mort, 6s, 1889, been more than counterbalanced by the increased consol., 110; Long Island, 60; Louisville, New @115; Pennsylvania R. R., 64@63⁄4%; amount, $13,703,000, of legal tender notes depos- Albany and Chicago, 102%; do. 1st, 107; Lake gen'l mort., coupon, 127@128; do. reg ited for the purpose of retiring circulation. One Erie and Western, 61; do. Sandusky div. 1st, @128; do. consol. mort. 6s, reg., 12131 year ago the banks held nearly $200,000,000 of 10634; Louisville and Nashville Gen'l mort. 68, Little Schuylkill R. R., 57@57; Morris Ca five and six per cent bonds. They now hold 108; Manhattan Beach, 47; Marietta and Cincio-pref., 1640-; Schuylkill Nav., 5336 ; $189,000,000 of the continued three-and a-halfs nati 1st pref., 15%; do. 2d pref., 11; Mobile and pref., 144@15; do. 6s, 1882, 897904; and the remainder of their fives and sixes will Ohio, 39; do. 1st deben., 992; do. 21 deben., 70; 1872, 105@109; Elmira and Williamsport soon either cease to bear interest or be continued, do. 1st mort., 115; Missouri, Kansas and Texas. 55@60; do, 68, 117@—; dr. 5s, 1003102; with the exception of $3,500,000 of Pacific Rail- 491; do. consol. ass., 110%; do. 6s, 864; de. high Coal and Navigation, 443045; do. 2d, 85%; Missouri Pacific, 110%; do. Ist, con- 1884, 106@107; do. R. R. loan, 1193,1)

road sixes.

It is estimated that the National debt is owned sol., 1093%; Memphis and Charleston, 87%; Mil-do. Gold Loan, 114% @115%; do. consol is, by less than 100,000 persons. Robert N. Porter, waukee, Lake Shore and Western, 60%; do. 1st, @119%; Northern Pacific, 430131⁄4; do. pr of Chicago, special agent of the census, places 106; Milwaukee and Northern 1st, 101; Metro- 840844; North Pennsylvania, 60060%; de. the distribution of registered bonds as follows: politan 2d, 89; Nashville, Chattanooga and St. 109@110; do. 7s, 118@121; do. Gen'l m New England States, 11 per cent; Middle States, Louis, 89; New York, Ontario and Western, 36; 78, reg., 1210121%; Philadelphia and Erie,

; do. 78, 120@122; do. 5s, -@107%; fic 68, 123%; Summit Branch, 2434; Toledo, mit can be reached by a climbing line of three ebill, 62@62%; Catawissa, 21@21%; do. Delphos and Burlington, 16%; Wisconsin Central, miles. Its estimated cost is $150,000. ,57%@58%; do. new pref., 57@58; do. 28%; do. 1st series, 79; Allouez Mining Co., 2; Regular trains commenced running on the Sara900, 127@127; Lehigh Valley 60%@60%; Copper Falls, 6; Catalpa, 134; Douglas, 2; Dun- toga Lake Railway on the 4th of July. 6s, coupon, 122@123%; do. reg., 12234@ can, 1%; Franklin, 11; Pewabic, 12; Ridge,

4; do. 2d mort. 7s, 136@138; do. consol. 3; Silver Islet, 43%; Sullivau, 4.

., 121@122; Fifth and Sixth streets (horse); 187; Second and Third, 11134@116; Thir

th and Fifteenth, 822-; 8pruce and Pine,

261;

Standard Time.

HANNIBAL AND St. JOSEPH RAILROAD Co.,

No. 78 BROADWAY, NEW YORK, July 2, 1881.
HE DIRECTORS OF THIS COMPANY HAVE

This DECTORS udvidend Of Three and one
half per cent upon its Preferred Stock, payable MoD-
day, August 1, 1881, at this office.

The transfer books of the Preferred Stock will be closed at 3 o'clock P. M. on July 9, and reopen AuJOHN A. HILTON, Secretary.

Varions plans have been suggested of late Green and Coates, 824@-; Chestout looking to the establishment of a standard time In regard to the Walnut, 95@100; Hestonville, 20@22%; for railroad and general use. mantown, 75@—; Union, 119@125; Lom- proposition made by Mr. Fleming, which has at-gust 4, 1881. and South, —@25%; West Philadelphia, tracted no little attention here and abroad, the 100; People's, 30% 30%; Continental, 106 Montreal Daily Witness, says:

08.

THE LAKE SHORE AND MICHIGAN SOUTH-
ERN RAILWAY COMPANY.
Treasurer's Office Grand Central Depot,
NEW YORK, June 24, 1881.
DIRECTORS OF
HAVE

this day declared a quarterly dividend of 1WVE PER CENT upon its capital stock, payable on the 1st day of August next at this office.

"Mr. Sanford Fleming has won fame quite beHaltimore-Atlanta and Charlotte 1st, 111;yond his expectation, and, with due respect we actic Coal, 1 60; Baltimore and Ohio 24 pref., may add, quite beyond bis deserts. At the recent ; Baltimore City 48, 1920, 1114; do. 5s, meeting of engineers here, he made a very sim4. 117; do. 6s, 1884, 106; do. 6s, 1890, ple and business-like proposition with a view to ; do. 68, 1902, 128; Consolidation Coal, 89%; regulating the variation of time on this continent. on THURSDAY the 30th inst., and will be reopened ton Co. 69, 112; Columbia and Greenville 20, The European countries are comparatively small on the evening of THURSDAY the 4th day of August ; Maryland 68, exempt, 113; North Caro- and compact, and each follows without inconven- next. 48, ex int., 89; Norfolk Water 88, 126; Union ience the time of its capital. But the United

The transfer books will be closed at 3 o'clock P. M.,

E. D. WORCESTER, Treasurer.

road bonds endorsed by Canton Co., 117; States and Canada cover too much longitude to Brown, Brothers & Co.,

ginia Midland pref., 71%; do. 2d pref., 50; work by such a rule, and hitherto we have had no 1st mort., 114; do. 20, 1131⁄2 ; do. 3d, 94; rule of uniformity. Each town has its own time 5th, 100; Wilmington, Columbia and Au-determined direct from the sun, and each considda, 111; do. 69, 111%. The latest quotations (erable railway running east and west is divided Atlanta and Charlotte 1st, 111@111%; Bal-into sections which adopt the time of different lore and Ohio, 200@210; do. 6s, 1885, 109 centres. Mr. Fleming's proposition was simply ); Baltimore City Passenger R. R., 390-; to divide the country into sections whose time Itimore City 6s, 1884, 107@-; do. 6s, 1890, would be exactly an hour apart, and have all @119; do. 6s, 1900, 125@-; do. 6s, 1900, places within those sections uniform. Anyone R, 1260-; do. 5s, 1894, 117@119; do. 5s, passing from one section into another would find 10, 122@123; do. 5s, 1916, 125@126; do. his watch just one hour astray, and would not be 1920, 111@111; Canton 60, gold, @112; perplexed by having to calculate a different num. lumbia and Greenville 1st, 104@105%; do. ber of minutes of difference in each place visited. ,94@9434; Marietta and Cinciunati 1st, 124 We are not prepared to pronounce judgment on 124%; do. 2d, 884@89; do. 3d, 482@494; this proposition, which seems to bave a good orfolk and Western pref., 581⁄2@59%; North- deal to recommend it, but it is a very different n Central, 54@54%; do. 6s, 1900, gold, 119 one from that which the New York Herald and 120; do. 6s, 1904. gold, 114@116; do. 58, journals which follow it attribute to Mr. Flem

NO. 59 WALL ST., N. Y.,
BUY AND SELL

BILLS OF EXCHANGE
ON GREAT BRITAIN AND IRELAND, FRANCE,
GERMANY, BELGIUM AND HOLLAND.
Issue Commercial and Travelers' Credits

IN STERLING,

AVAILABLE IN ANY PART OF THE WORLD.
And in Francs, in Martinique and Guadaloupe.
MAKE TELEGRAPHIC TRANSFERS OF
MONEY

Between this and other countries, through London
and Paris.
Make Collections of Drafts drawn abroad on all points
in the United States and Canada, and of
Drafts drawn in the United States
on Foreign Countries.

25, 102@103; Obio and Mississippi 8. F., 121 ing, which is no less than that all the clocks in Paine, Webber & Co.,

BANKERS AND BROKERS,
Members of the Boston Stock Exchange.)
53 Devonshire St., Boston.
Devote special attention to the purchase and sale

-; Pittsburg and Connellsville 7s, 124@124; the world should run on a uniform time. This irginia Midland pref., 70@72; do. 2d pref., 50@ would be a revolution, indeed, and would bave 5; Virginia Consol. 88@83%; do. consol curious results. The day which would begin at oapocs, 913⁄4@921⁄4; do. 10-40s, 55@56; West-midnight, say at Greenwich, would have to begin Maryland 2d pref., 1074@1072. at five in the morning at Montreal, and places of Stocks and Bonds in the Boston market, the carewest of here would have to begin their day at va-ful selection of securities for investment, and the o. loc. 68, 57; Atchison, Topeka and Santa Fe rious times in the forenoon. They would have to negotiations of commercial paper. 98%; Boston, Clicton, Fitchburg and New change their dates after the business day com-WM A. PAINE. WALLACE G. WEBBER. C. H. PAINE. Bedford, 46; do. pref.. 140; Boston Water Power, menced, and speak of breakfast as having been

Boston-Atlantic and Pacific 6s, gold, 10334;

Bankers and Brokers,

& Co.,

17 Wall St., New York.

Barlington and Missouri River 6s, non-taken yesterday. All this would be very interest-John H. Davis xempt, 107; Chicago and West Michigan, 89;ing, indeed, but we bardly think Mr. Fleming deCincinnati, Sandusky and Cleveland pref., 31%; serves to have so stupendous a proposition attribdo. 78, 109; Chicago, Milwaukee and St. Paul, ated to him. Mr. Fleming did say something Wis. Valley div. 68, 105; Chicago, Burlington and about restoring the old fashion of making the Quincy 58, 105; Chicago and Eastern Illinois, clock tell the bours from one to twenty-four, 110; Flint and Pere Marquette, 394; do. pref., which, could it be adopted, would remove the 106; Iowa Falls and Sioux City, 91%; Kansas need of saying a. m. or p. m, and do away with City, Fort Scott and Gulf, 95; do. 78, 114; Little many mistakes in reading time tables, but a good

Interest allowed on Temporary and Standing Deposits.

Stocks and Bonds bought and sold on Commigrica

only, either on Margin or for Investment.

Rock and Ft. Smith, 80; do. 78, 119; Marquette, many things would need to be considered before Sheldon & Wadsworth,

Houghton and Ontonagon, 77; Massachusetts adopting this part of his scheme."
Central, 28; do. 6s, 100%; Mexican Central
Block new, 100%; do, old, 111; Maine Central,
The Quincy, Missouri and Pacific branch of the
50; Northern Pacific 69, 104; New York and
Wabash Railroad was completed July 1 to Tren-
New England 68, 112; New Mexico and Southern ton, Me., 140 miles west from Quincy, Ill.
Pacific 78, 122; Ogdensburg and Lake Cham- A railway is to be built up Mount Lafayette,
plain Income, 74%; Rutland pref, 32; do. 5s, of the White Mountain range. The mountain is
85; Sonora 1st mort. 993; Sioux City and Paci- 5,290 feet above the level of the sea, and its sam-

IN

BANKERS,

10 WALL STREET, N. Y.

ADDITION TO A GENERAL BANKING
BUSINESS, BUY AND SELL ON COMMISSION
GOVERNMENT BONDS AND ALL SECURITIES
CURRENT AT THE NEW YORK STOCK EX.
CHANGE, MAKING LIBERAL ADVANCES ON
SAME. ALLOW INTEREST ON DEPOSITS.
WM. C. SHELDON. WM. B. WADSWORTH,
GEO. R. SHELDON,

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