National Republican., 1883-09-28
pALrIMoRE erooK MARKEr

BALTIMORE. Sept. 27.-Virginia 6s, consolidated,
day.
NRw YORK MARKET
New YORK, Sept, 27.-Money plentiful at 2@2l1
per cent on call, closing at per cent. Foreign
exchange steady at 4s21&@4s2 for long and 4S5I
long date bonds and weak for the IS. The As sold
at ia, and the as coupon at 12lB These are the
bonds tennessee to' comp. CT Sold at e. & railways @
strong; Denver consols advanced TO $50, and
Denver and Rio Grande western frsts TO IL
Stocks opened strong and higher, with an advance
ofM TO n per cent. as compared with last nights
closing, Chicago burlington and Quincy, Denver,
fore the first cali weaker tone set in and the
Wizards broke 19l24 per cent and the general
list fell on to ~ per cent IN sympathy North,
TranscontinentaI 10 81, Deliver t6 tiS Northwest
ern to l25, Louisville and Nashville to 1895, Lake
to ioS. Union Pacific 10 sslS and Western m Union
| to 7S%. Later on there was sharp rally of "a to
2h per cent, and still later another decllnelofM Is
to "a per cent took place. After2 o'clock, how
| ever speculation became more active and buoy
ant, prices moving up to the highest ofthe day,
which were Is to 24 above the lowest Of the day.
| The Improvement was well distributed, but the
| most noticeable gains were made by the Wizards,
Northwestern. Louisville and Nashville. Lake
| Shore New Jersey Central Reading Western
Union, Union Pacific, and Manitoba. The mar
ket LETT Off at the best of the day.
The upward movement in prices was partly due
TO the reduction In the Bank of England discount
rate and the appearance of orders to buy for for =
| eign account, but was caused mainly by the an
nouncement that the railway managers of the
| roads west of the Missouri had formed a pool
which includes the Northern Pacific, and by re-
ports that powerful combinations had been formed
by certain operators to protect Northern Pacific,
| Western Union, and other leading stocks, and to
force the shorts TO cover. As compared with last
directors Of the Richmond and Dauvlle Railroad
| company this afternoon issued the following
notice to the debenture bondholders;
BY terms OF dcbenture bonds IL became the
duty OF the board OF directors 10 ascertain within
sixty days after Sept. 80, 1852, whether the net
earnings of the fiscal year ending on that date, eX-
| elusive of expenditures made for repairs, renewal
and improvement of existing property, as well as
for.purchGses or construction of additional prop
erty, and equipment necessary for the proper con-
| duct ofits business were sufficient for the pay
ment OF a sum not exceeding @ per cent per an
mum. That board having omitted to perform this
| duty, 1t deyolves upon the present one TO deter
| mine whether the company have realized a suf-
| tcient sum IN excess of such Improvements to
authorize its board to declare a dividend to
| the debenturo stockholders on oct. l, 1883.
The net earnings for the year ending Sept 80 1883,
as shown by the annual report were 81 29S 90,
deducting fixed charges, Sl,2l9, ,l6S.95 leaving n
| balance of S7S,S66.
There was expended for new equipment aud
| beterments S922,SlS.2S; dividend TO dGbenture
bondhodors oct l, 1882 SOS 760 total 81 O2 sos. .2S
| which was provided ont Of profits on sales of sc
eurltes owned by, the company, increase Of its
floating deut. IL thus appears from the foregoing
statement that, the net earnings of the company
having been expended in providing additional
new equipments and beterments, as authorized
by the terms OF the debenure bonds they should
not, therefore, have been applied TO the payment
ofdividends on these bonds For the information
! of the stock and bond holders Of this company 1t
isproper to state that the asceralned net earnings
for eleven months of the present fiscal year over
sSl7,S0l estimated for September, s72759.l6; total,
| SSS0,5l0l6. Tho expenditures for eleven months
for new equipments and betterments have
amounted to Si02,Oy7.
The gratifying increase in the company's busi-
ness and earnings ana the improved condition OF
| It's roads and the determination OF this board to
mn lori Ia n IN u
and administration warrant II in expressing the
opinion that the net results ofthe company bust
ness for tho coming year Will be emincntly salts
factory to all holders of its securities
BY order of the board of directors.
A. S. BuFoRD, President.
Transactions aggregated $4,000 shares, includ-
ing Central Pacific, $500; Delaware Lackawanna
| aud Western, 3,47O Denver aud Rio Grando, IL
SOO Erie 1860; Lake shore, 2i,035; Louisville and
| Nashville, 1900; Memphis and Charleston, 400;
Northwestern, 6,lO0; New Jersey Central, 600
New York Central, 1920; Northern Pacific, 1920;
1880 Western Union, l2'75Oj Oregon rmnscontI.
mental, b3OO0 Northern Pacific preferred, $4,000 ;
Canada Pacific, 1000,
BALTIMORE PRODUCE MARKET.
| BALTIMORE, Sept. 2--COtton steady; middling,
! l0js@lO3c. Flour steady and quiet; Howard
| street and western suportlne, SO e503 50:
do; extra, 70 75@l 10 do: family s. OO@GOOi ely
mills superiine ~ 0OQ43 70; do, extra, " 0OG6 %;
do, Rio brands % 1906 90; Paapsco family, 50 90;
do. superl0tive patent 81 90. Whoat-Southern
oSRc snG red @ dS e'sSf smber sos q G2 2fM "a
No | Maryland, 81 1901 l34; No, 2 western
Minigir n5i G ryd d. G Gsp9. 81 sg'q2l ,O7 September
81 lOM@l IL December 81 l3S@l 1875. Corn
southern dun; western dull southern white, 90
G62c do, yellow 626pGiC; western mixed, spot,
594c bid; October, 59%a59l2c; November, 56lIc
asked year, l7G asked steamer, 5Gc bid. ONls
quiet and steady southern, $50 zoe; western white
! 8S@a9o do mixed, 3iGlS7u; pcnusyNNuin, 3jtl4Uc.
Rye caster at 6O9t3'. Hay unchaugyd; piime 10
choice Pennsylvania aud Maryland sli O0ml6 90.
Provisions steady, With nuaenuo Grgiye demand;
mess pork SIS 90; bulk meats, shoulders and clear
rib sides, pncked, 11G79zc bacon, shoulders 5Nc;
clear rib sides SIC hams, l51{&lGl4o lard re.
! tlued, lOc. Butter frmi western packed l0Q2Oc;
creamery 2Og2sc, Eggs tirlner ut 2iGp5ir Pc.
roleum nominal; refined, sl4@s'.c. Cnltc ilrm
| Rio entgocs, Ordinary u uir, gH@lOAc Sugar
steady; soft, SiIo. Copper refined steady Ut
! l4iG@liHc WHISKY quiet AZ 81 100 1sl5 irelghts
70 l4yeiHool pog steamer dull and Unchanged
cotton, Hold. flour, Is. 3D., grain, 4lGaid. re-
ceipts-llluC 5S27 barrels wheat, So 100 bushes
corn, l5,UOO bushelsi oals, 5000 bushels rye 100
bushels. Shipments-Wheat OBS 900 bushels ;
corn, 5000 bushels sAles-Wheat, 81 900 bushels;
corn, 10000 bushels.