P- - 'WMFAND COMHZtnaiAXfigASClAI.

I Ttrk lrk Rxchititce-at- ra April 1,

I rrB JTATCT AND STATE BONDS (IN 81.0008).

I 7 1B3V1044 ftVaosdef...., 6I i il,cUM 100I rltlCIS or CNITKD BTATM BONDS.

(l f0OHid. Ailed. Bid. Alied.

Un 8t B. r.t".drfo" 804 M 114 U4"Hi 111 1111 100 114 1H4'2 UnStCr.".7,11 a 112'. isBs ioaSli'r. CnStos.r.

t!llJ..'lB3H 1244 18B8 100

tf!W 124jmoAn and oTnKn mwds (nf 91,000a).

.uhadj 44' SNWsfdebo.44S "88 112444 3 113

1 .. 44, ENWdBs, SSyrlODt..ViilinMi- .. 80 lNY.OAWr.. 03

. .. 80 60rllH4i.... 82U1

. 804 3 82'ImCoioilS'. 107 B 82

",Nffl.l. 85 'I Teo A East lit. 7BUicBiSo'R'lOS1. 3r.OtClitcn6.103IJrootCnOS. 110 10 10B4SrtTiOltnl'?' 724 inoclWi6..104

. 72's 0... 1044,ltBtqis,Nexr 00 5 Hook III deb Ba. 0C4

RBJId- - 084 12 nedfnl .... 80I ru South 1st 110 5 70iruiSouih W .1064 26 70?CthATl 1164 16 80lCWc' rnt.tr 42 lOReadlstpf lno 30Jew ! 1021 l nioownt.... 71

,:5c.Br.i. 00 6 714CbEHlcn..l24 5 71

2CUcElpil8100 11 72. 1004 4 72

ftfCoslos . 02 BStLASF.... 63IO&StLNOtrll84i 1 03RCMcOLACCo ' 6StPgold 132

1 ... 00 2 8tP lst.0 AMici.stLch4s.ioi rSs 110mLADS lit 100 16tPterm 113StrkUtex.. ..108, 1 StPUt. CAP,oorslllenS-ta-. 044 Wdlr 1163 04 6 116J 044 1 BtPUt.LDB1104itaiwnEIUt..llO 33 St LSWlst... 018, Ill 1 0145liwortblt... 67 6 004o Of n Elec d b 3s 00 45 60f()HTC gnls 00 '14 602IreMt lit. .. 10241 6 61

I0 102 1 01SImiMtSJ 103 5 02lIit0t.N-lt..H-

9 11 03jlowiOntUt.. 02 23 03lUnATex Is.. 82 5 034

IS 82 1 63IS 824 5 02JO 82 5 623IinTiM. 50, 12 0246 604 5BtL8WSd.. 18

5010 17413 Kentucky Cist 80 8 164

lit.. 05 24 152lATPJ'lit.ll6 6 16IL Wo en as.. 90 10 104

12LUS1".'"111 16 107LieShH.g..l234 1 10lLon.Vcn.....l02 3 16lLIFrrrys'Ss.. 834 10 10BJIftElSd 106 12aA.Arist 571 Hob 0 ml.... 00 3 So R'way S.... 8841 Sot Pac 1st. a.. 1104 BTstPlstft 8840Norrjclit,r..H6 2 80

JO .r P prior 4. 80 25 TexePaoMtn. 10ISorPacgnlS. 6320 101 - 53 6 10

16 63 BTC.IRe,Ud 853XorfW.XRUtlH 1 854l.fJCcn. 1S9S.106 1 PnPacS.....102lMCengslScrlOS1 10 V Pbo.CTN.100s

I7SJCratnl5..110 1 Union El lit.... 784Kasha Chat cnlOO 4 78

lOSRRotCalB 87 1 West TJn. col 81 07d5T.CtStl.U104 SWiitFK. 1032XWrn 143Ex Interest,

ttul sales of railway bond (par value). BOfl.000.

BAILROAD AND OTHER SHAKES.Open- - High- - Loc , Clotfn?

ate. ing. eit. eit. Bid. Ailed.mt am SR..1 11 111110 110110

MAmEIlplOl 102 101 101 102llsAmSM 12 12 12 12 124

timSXp 29 20 20 204 30lOOAmCabl BB 88 BR 87 80

UlOAmTob. 73 74 72 73 74lOOATobptlOO 100 106 105 10810AmEx..ll2 112 112 111 113

S2oAtoh.T!F-..- .. 10 10 104 104 10

SS0 Atrh.TASFep.. 20 20 10 20 20

SAArhpf 25 26 264 23 203H.RPp 654 554 654

lOOBaltAO 134 134 13 13 14100 Bay St O 0 0 0 0 10lOOUr'kRT 20 20 20 20 21I00Csn.. 46 46 46 4 0 47JOOCbesAO 16 16 16 16 16445CElp 054 06 054

IMOOCMcGas 79 704 77 784 78485 C.C. CA

StL.... 28 204 28 20 204!44CNW104 104 104104104

ItJMCBftQ. 714 714 70 71 7172 73 72 72 73

IIM05C.JMUSIP

Ppf. 132 132 132 131 1324M0CJWP 02 68 61 61 627tOC.UVtT. 34 34 3 3 3euconuai 165 1654 1544 1664 156

IMS5UUud.l02 102 901014 101I7G0D.L4W162 162 151 162154

MErfcidp 17 17 17 17 104lOOErieTtT 634 634 634 63 04

lUSOtnElw 31 31 304 314 31BO la on.. 64 64 64 6 64

KOLEtw 13 13 13 14 15MOLMWp 38 60 68 60 62110L.kcFh.164 164 164 1644 16650LoiiiiL 42 424 42 42 444

WOUcKip. 73 73 73 72 70UKlJiutX. 45 46 46 45 45

1 Man Con 84 84 83 84 844HOMITracl04 104 103 104 106

MMMora-- .. ifii, 16a4 14 X6a l6IMSM.KtTp 27 27 20 27 274

OMobo 20 20 20 20 21WO Sew Cen

Coal... 6 6 6lONiCt 78 80 77 70 80

ttMNYCenl 00 00 OB 08 08xlOSatUad 23 23 23 23 23!8NalLdp 01 01 01 00 01IMNorAm. 4 4 4 3 41

Klf.SW 7 7 7 7 810 X T. S

Wpf.. 23 23 224 22 23"ONortW 12 12 12 114 124WNiWp 26 26 26 264 2075Norpac. 12 12 12 114 12

'JMSPanp.. 344 36 34 34t4 36MPacMall 20 26 20 20 264

W5IM14K. 20 21 20 20 21MM Phil K

lp.wl 41 424 41 42 48'4PhilKp.wl 26 26 26 254 20

JOPnll'.icieo 1604 1604 168 160Fl.ip. 37 37 37 374 384M!,as':(',,, I3 l3" l3' 12 13"IMLhW 1 4 1 i4)HLSWp 0 0 34 6 64

WfitPto. 674 68 674 67 680&tlJ!JI 117411741174 110 110'MtiiliT 04 04 64 0 00k I'- - 15 16 16 16 10

3WtoKwy 8 8 7 8 B!U "M'- - 20' 201a 26 20 20ISOTftl. 25 264 244 264 26i!"1'"- - 8' 8 8 B B4WCnPac. 0H f)H 6h 64 04C0UP.MO 14 l, 1.4 XL, i4'OOUfcltub. 13U 134 13 13 l3"Olfcllubp 62 OB 02 02 03

Irnn8'"- - ' ' ' 7ii H.5 L p" 60, 66, 60 60 604

fiI 64 V 6 6'llli.P- - lQl lZi 1JJ7 13 3,

82 824 804 81 810OWLK, 1 11. 1 1 ivU:p 4 4 4 3Total taltw. SOO.OlO'bara.

OMON CLOSINO QUOTATIONS.

loa.. '"'' A,led- "W. Ailed.r"Alh..2lo 2184 AmBllT1221 223

10 KrloTel.... 63 034wJcoin 102i4 103 WtatKleo., 24hctill" l074 0rnEIp.. 73 76,,"- - 3 on..l204 121OmV;? U aa 07 Caltllocl. 376,."178 170 Creel...... 28 20,, 72 73 QuInc7M...106 110"t. 0 8TinMln...ll7 1104

rniLADKtrniA oLoamo quotation.Did. AtUd. Hid. Atitd.

lh!thVal, 231, 234 UO Imp Co 72 7B4l.CNCo. 38 30 WOLCo.. 40 41I'ciinnn... 62 684K18Drom. 83 S3OP Kofi.. 17 10 RlSDpf... 244 264I'hllitTrae. 70 70PH.l.ftro 14 14a,Union Trao H4 HSPII.LftPp 33 334P.trTC. 71 714 Wela Doom 12 16MftTrivo...l04 106 WUOp.. 60 604 '

OTofNJi 284 20 WNYT. 2 24OTNJiO. 80 80 Bait Trao... 10 20

CHICAGO CLOSINO QUOTATIONS.

Hid. AtUd. BUI. AHed.AmStr'M.. 25 20 UkiS"t," 10 104Canal D.. 02 NTBIacnlt 45 46CblcBrew.. 10 11 NCh8tHj.BB6 BB74Cltylfwaj. 220 WCh8tIlyl03 1034Dlam'd 1I..144 146

LATEST LONDON QUOTATIONS.

Atcbltan, a a, p 10 Norfolk Wpf.n.. 20Canadian lThtine... 48 Northern Paulftopf. 364Chnapeake ft Ohio. 104 Ontario Wcat...., 134Erleron.aap 134 . 634Erlelitpt 304 leading, litap.... 10llllnolt Central 044 St Paul 74Kaniaa Txaa..,. 12 South Railway 8LaxeBhore 16B4 South Railway pf.. 204LoutiTllleA Naah.. 47 Union Psclflo 5Kw York Central. 100 VVabnahpf 134

TnunsDAT, April 1.Tho larger boar operators, crn'ourngod by their

successes, particularly In tho anthracite coalshares, resumed their attacks upon tho marketthis niorninic with a good deal ot conQdonce.They succeeded In depressing Delaware andHudson below par, hut a very Blight decline InJersey Central disclosod a decree ot resistancenot heretofore dlscornlblo slnro tho pres-ent decllno In that stock began. A disposi-tion uns evident to shift ngirrcsslvo opera-tions to othor sections of tho market, notablyto Chicago Oas. Wostcrn Union, and C I), andQulncy. A decllno of M points In Western Unionand an oak market for all of the securities otthe St. Louis Southwestern Itallroad Companycroatcd a bearish feeling on all thoGould properties. Tho soiling ot St. LouisSouthwestern soourlties was basod upon re-

ported damages to the property by floods.Regarding tho railway list as a Thole, itIs to bo noted that tho feeling ot appre-hension aroused by the Supreme Court de-

cision in tho Trnns-Misdou- rl trafllo ensoIs beginning to dio out, and tho conviction Isgaining ground that oven It Congress does notpass a pooling bill, nor tho Supreme Courtmodify its decision of a week ago Monday, an itwill have an opportunity to do in tho Joint Traf-llo Association c.ise, the majority ot tho rail-roads, especially tho lnrger ones, will make un-usual efforts to maintain harmonious relationswith eachothcrand avert anything approachinga demoralization ot rates.

Soon after midday It became apparent thattho short Interest, or at least a part of It, hadbegun to rcallzo that there has been no exten-sive liquidation during the last ten days, andalso that a substantial demand for Jersey Cen-

tral hud dec!oped. In conscqucnco thero wasextcnslvo covering of shorts during the lasthalf of tho day that resulted in a sharptulvnnco In prices throughout tho list. Ex-

cept in Delawnre and Hudson and Jersey Central,which, by the way, were more extensively tradedin than any other stocks, yesterday's net de-

clines wero In the main recovered. A few stockscloset higher than yesterday. Jersey Centralrecovered moro than '2 points from tho lowestprico and closed with a net gain of nearly 2 Vcent. Delaware and Hudson recovered nearly2i points from the lowest price and closedonly fractionally higher than yesterday. TheInjury to mines by floods and the reportedexpiration of an agreement betneen the anthra-cite companies as to percentage of output, whichnever became effective because it was neversigned by all the parties at interest, wero lessgenerally and less seriously talked about thanyesterday. The indications aro that the

anthracite situation has now been plajedfor about all It Is worth for spoculntlvepurposcs.The closing was strong at about the best prices.

Final sales compare with those ot yesterdayaa follows:

March 31. April 1., Xarch 31. April I.A.T8F. 10 10NYCent... 08 08A.TSFp 10 20 NJ Cnt .. 78 70AmHIlef ..110 1100mahacom 57 68Am Tob.... 73 73 I'ac Mall .. 26 20AniSplI... 12 12 Kock Island 01 02CanadaSo.. 40 40 'Heading.... 204 21C.C,CStL 284 20btPcoin... 72 73C.BJ.... 70 71BoR,way.. 8 8ConOai....l55 1554 BoR'way p 25 204CbrttO... 16 16 KtLHW.. 2 1

CblcOas... 76 7BStI.SWp. 6 6D,LtW...152 152 'StaodRAT 04 64DelIIud..l014 102 Texas Pac.. 8 8Ore El... 31 31iTC.IR... 25 254KanfcTpf. 27 27'Unlon Pae. 5 5Lou Nub 46 46,US Rubber 14 13Lake Shore 105 164 iUSLath.. 7 6LKtWpf 60 50 .USLeathp 65 66ManhCon.. 83 84 WabtPem 5 5MoPacine.. 15 16 Waliah pf. 13 13N W com... 104 104 WUn Tel.. 824 81NPacpf... 34 36 WhLE m 1',

Government bonds steady at tinchangod quo-tations. Itallway bonds dull and irregular. Thefeatures wore Austin and Northwestern 1st.ChvsHpeako and Ohio general Cos, Krio generalHen Lako Hhoro 1M, r.. Northern I'aclQuprior 4s, Atchison. Kansas and Texas and Ht.Louis rMjutnwvsteni Issues. The more Importantnet advances were in Atrhison adj. 4s, Vrent., to 14; Erie general lien 1, to (Htj;LakeHhnrc lsls. r, H, to 111; Northern I'ailltoprior 4. h, to S). and Ht. Louis Southwesternlsts. laVt-ent.-, tn(!24. The noteworthy declineswere in Ati'iln and Northwestern lsts, a Vrent., to 85; Chesapeake and Ohio general 44s.3t. to 724; Kansas and Texas 4s, , to 82. and2.1s, , to SO, and St. Louis Southwestern 2ds,2 V cent., to lti.

In bank stocks one share of American Ex-change sold nt 173.

Sales nf silver bullion certificates for 10,000ounces were made on the Stock Exchange atfi2jc. Commercial price of bar silver in NewYork. 02c. Uar siltcr in London closod at28 Mexican silver dollars wero quotedat 4B';'4Bc.

Money on rail. lsW2 V cent. Time money isquoted as follows; Sixty dnys. 2 cent.; ninetydays, 2Lj V cent.; six months, 3 V cent,; and bal-ance of the year. :4 V cent, on good mixedStock Exchange collateral. Commercial paperquiet. Prime Indorsed bills receivable lirequoted at V cent., cholconnd prime singlonumes at 3(34 V cent., und good names at 45' cent.

Sterling exchange was weak and lower forshort on the further casing off in privnto dis-count ut London. Long was steady. Continentalexchnngownsdull. I'ostod asking ratesforstor-ling-,

14.804 for long hills and 4.88 for demand.Actuul rules nrc: Long bills, v4.B&yj$I.HU;sight drafts, $4.B73H-B7'4- , and c.ililo transfers,$4.872. Franca arc quoted at a.iataBi.Tn forlong and f.lHK5.1S for short; reichsmnrka,Uri!t)5H for long und USwyfiH for short: guild-ers, 40 for long and 40a4O5-l- forshort.

Domestic exchange on New York: Boston10317 cents discount. Charleston Iluylng,par; selling, 'h premium. S.vannah liuying,

off; selling, par. New Orleans Hank. $1premium; commercial. 25 cents discount. SanFrancisco bight, 2(1 cents premium; telegraph,25 routs premium. St. Ixjuls 40373 cents pre-mium. Chicago 20 ccnU premium. Cincinnati

Ilctwecn bainzs, 60 cents discount; oicr count-er, par.

The Loulsvlllo and Nashville Railroad reportsgross earnings for February of $1,507,828, a de-crease of (148.742 us (iimp.ired with tho samomonth of lust year, and not $525,5 It), 11 decreasenf iflll.MMl. tor tho cighi months ending Feb.28 the grobs earnings were $1:1,763,2(11, a de-crease of $2tll,U28as compared with the corre-sponding pcrio of last j cur, and nut 44,550,582,a dec reuse of $531,342.

The Southern 1'ucltic Itallroad reports grossearnings lor Februury of $3,417,105, n decrensoof $285,385 as compared with the same mouthof lust yeur. and net WM2.770, a decrease of$184,818. For tho elghl months ending Feb. 29the grons earnings were $33,534,034, a decrcasoof $1,483,208 as compared with the correspond-ing period of last car, and net pl2,44U,lU8, adecrease of $IU0,D28.

The Chesapeake and Ohio Itallroad reportsgross earnings for Februury of $775,707, a

of $5,802 us compared with tho samemonth of lust year, und net $201,834, oil

of $0,850. For tho eight months endingFeb. 28 tho gross earnings were $7,052,48(1, anIncrease of $120,380 as compared with the cor-responding period of last ) ear, und net $2,3U8,851, nn Increase of $170,230.

Tho Han Antonlu and Aransas Pass Itallroadreports gross earnings for February or $131,420,an incri use of $3,1)00 us compared with tho samemonth of last yeur, end net $20,400. a decreaseof $8,443. For the eight months ending Feb. 28the gross earnings wero $1,585,540, un increaseof $220,540 us compared w ith the correspondingperiod of last year, and net $501,451, un Increaseof $134,828.

Tho New York, Ontario and Western Itallroadreports gross earnings for Februury ot $258,234,an Increase of $25,32(1 as compared with thesame month ot last sear, and net $01,004, an In-

crease of $23,308. For tho eight months endingFeb. 29, tho grow earnings vtero $2,011,808, au

increase of 989.41ft a compared with the corre-sponding period of last year, and net $800,428,an Increase of $12,100.

Tho Detroit nnd Mncklnao Railroad roportsgross earnings for February of $40,085, nn In-crease of $3,044 as compared with the samemonth of last year, nnd net $18,851, an lncrcasoof $2,107. For tho eight months ondlng Fob. 28tho grots earnings wero $210,500, a decroaso ot$42,312 an compared with the correspondingperiod of Inst year, und net $52,000, a decreaseof $20,747.

The Western New York nnd PennsylvaniaItnllrond roports gross earnings for February of$100,235, nn lncrcaso of $4,315 ns comparedwith the samo month of lust year, nnd net 841,-02-

nn lncrcaso of $11,744. For tho eightmonths ending Fob. 28 tho groei earningswore $2,073.3110, a decrease of $138,048 as compared with tho corresponding period of lastyenr, and not $710,072, an increase of $127,302.

Tho Georgia Southern nnd Florida Itnllrondreports gross earnings for Fcbrunry of $07,228,n decrenso of $3,705 ns compared w Ith the samemonth of Inst year, nnd net $22,017, an increasoof $000. For tho eight months ending Feb. 28tho gross earnings wore $003, 11)5, an increase t$2, 163 as compared with tho corresponding pe-riod of Inst year, and net $211,01)7. u decrease of$30,100.

Tho Knrthom l'arlflc Hallwny system, Includ-ing tho Ht. Paul and Northorn Paclllo and otherlines horotoforo leased but now owned, reportsas follows for February and for tho six monthsending Fob. 28.

t. Kir Mo .OroM earnings H.l'SO.BOS tV.43T.01!AOperating- expenses 777,4n 0,SXl,3an

Net eamlnga t2H.n47 U.l):l3.fiU7Taxes 42,900 237.8H0

Net Incomo $200,147 13,(1711.317SIls. Imome, no land sale ii.oul 1SU.U30

Total net Income $311,(178 f3,H0a,0U7The operating oxpenses from Sept. 1, 1890, In-clude a lirojiortlonnto pnrt of the estimatedtnxes and rail and tlo renewals for tho currentfiscal ycarofthonew company, being ten monthsto July 1, 181)7.

Tho Oregon Ttallroad nnd Navigation Companyroports for Fobrunry: Gross earnings, $257,315;operating expenses. $1II1,5H!); net earnings,$05,72(1: other income, $1,083; total not earn-ings, $07,400.

Tho debt statement Issued this afternoonshows a net decrease In the Public debt, lesscash in tho Treasury, during March nf $8,038.-25-

Total cash In tho Treasury. $875,230,751).National bank notes outstanding on March 31,

1807. were $233,708,804. a decroaso during thomonth of $441,000. but an Increase since March31, 1800, of 912.4H1.O80. Tho cold colnago dur-ing the month amounted to $13,770,000, and1,400,250 8ih er dollars were struck off.

Tho receipts of tho Government y were:Customs. $2,372,211: Internal revenue, $407,-0(1-

and miscellaneous. $101,070. a total ot$2,-1)71,24-

Tho disbursements. Including $1,127.-tan- )for pensions, wero $1,382,000. an excess of

recolnts over expenditures of $1,580,211. Thoreceipts for the fiscal jear to date have been$215,750,203, nnd expenditures $283,072,332,nn excess of expenditures oter receipts of

Tho net assets ot the Treasury at the closo ofbusiness ns olUcially computed, comparewith those of yesterday as follows:

Jforca 31. April 1.dolil coin and bullion. ..4Jirl,fl.14,!1!1o (151.780.465Silver dollars and bulllom. lu.gtis.aoi l.91tl.njoUnited Mates notes .. X8.34M71 S3,7U7.3;eOtberaaets In exceaaof

demand liabilities 2S.S8S.40II 20,033,415

Available cash balance,Ineludlng gold balance. 820,017,309 1222,043,000Money In London, lt-j'j- V cent. Ilatc of dis-

count In open mnrkot for both short and threemonths' bills, lV V cent. Tho Hank of Englandminimum rate of discount unchiinged at 3 X cent.The proportion of Its reserve to Its liabilities Is55.02 V cent., against 55.32 V cent, last week and50.24 same week la.st year. Uulllon in the Hankof Eugland decreased last neck 703.000, andthe reserve decreased 1,759.000. Paris ad-vices quote 3 V cents at 102 francs 50 centimes.Exchange on London. 25 francs 144 centimes.Tho weekly statement of the Hank of Franceshows a decrease of 1.278.000 francs gold nnd adecrease of 310.000 fr incs silver.

Tho Iteorganitstion Commltteo of tho Wheel-ing und Lako Erie Ituilway Company. IxiulsFitzirerald. Chairman, Informs holaers of thofirst mortgage, bonds of tho Lako Erie andWheeling divisions that nearly all of thoconsnli-date- d

mortgage 1 per cent, lands of the com-pany have been received, nnd that .1 plan of re-organization embracing all Interests Is In prepa-ration. In view of the default in the paymentof the April coupon, the committee Invites hold-ers ot first mortgage bonds of the two divisionsmentioned to deposit them with the MercantileTrust Company. Edward N. Ulbbs,

of the New York Life Insurance Conip my,has been added to tho Iteorganizatlon Commit-tee.

Maltland. Coppell & Co. announce that aa theyown and represent a largo amount of the flrstmortgage bonds of 1!2( of the Wheeling andLake Erie Itallwny Company, which has de-faulted In payment of the coupons due April,they desire other holders to communicate withthem for the pro'ection of all interested.

J. P. Morgan & Co. give notice that they areprepared to purchase the first mortgage bondsof the New York and Erie Railroad Company,duo May 1. nt 102 and interest, on delivery ofthe bonds at their ofllco, the right being reservedto terminate this offer without notice

Willlnm B. Nlvin was elected a member of theNew York Stock Exchange

Klretrla Mark quotations.Rostov, April 1. The cloalns quotations of tlectrto

stocks wen:Bid. Ailed.

C.llvn Electric Illuminating 145 160Oeaeral Electric 31 31General Electric pf 73 75LaniKou Consolidated Store Service... 21 22WrstlDKhouiw Electric 24WestlngtauUM Electric pf 60Fort Wayne Electric ij 1

Fort Wayne Electric (lerles A) 2 34Tbonisun-lloutto- (srlro (.') 3Thomson Ilouiton (aeries Dj 34 4

C031MF.11CIAL C03IFEXD.

TnunsDAT, April 1. Grain Wheat Spotwas quiet. Sales, 8,000 bush. No. 1 Northernspring Duluth at 827c free on board afloat foroxport. Frco on board afloat: No. 2 red. 81"ec;No. 1 Northern spring New York, 81 'ec; No. 1Northern spring Duluth,827sc. Duluthrecchod

y 290,880 bush., against 114.142 last year;Minneapolis, 201,280, against 20.700; Chicago,11,000, against 12.500: Milwaukee, 24.7110,against 20,000; Detroit. 01)2, against 4.723.Futures advanced c. to tac, but lost this unddeclined c. Future stiles 3,045,000 bush,, usfollows:

Opening. IHahrlf. towvjf. doling. iul,t.May .... 77 77, fll", 7HT, fri,July . ..73, 73', 7.'. 7S 73Al'arust.,,.74 74 74U 74C,Scptcnitier73i 734 7a 73, 73U

Bullet Was easier. New feeding, SOc, cost andfreight to Ilurralo; inaltln?. 33u4Ve., as to quality.Rye Was qulut. btatv. 4UlS4 ."iu. s Western.30c, cost ami frelicht to tlurfalo. Corn .Spotwas steadier. Hales lli.OOO bush.. Including 10.000No. 2 mixed, on prlvcte terms, free on loard afloatfarrxport. No. 2 mixed In elevator. 30iyC.i ungraded,l.noo at 29Hjc.i steamer, 2.000 at 30c. Futures de-- 1

lined Vc. to c . but recovered this. Future sales313,000 bush., aa follow 1:

IxtltOpening. Iltgheit. Loveit. Cloatnf. .fight,

3Iay 30 30m Bn, 304 30aJuly HI 31 ill 31 Mr,hept 33U 333, 33 33 3HUOats hpot was firm. Hales 07.000 busb . Ineludlng30,000 So. i! white cllpioi on private terms, free onboard afloat for export. No. 2 white, 24I4C.1 No.3 do.. 2,000 at 2.V.i No. 2 white cllnmd.23c.; No. H

dn, 23.o,i No. 2 mixed, 22lc.s Su. 3 do, 2II4C.Irelecusl mind. JO'.c; rejected white, 2Ze.i No.mixed delivered, 234Ct track mixed, at 21($24c.ttrack white, 23,0(10, at 23rasoa. Future were firm.Future sales 30.U00 bud, as follows:

LaitOpening. Uightlt. Lcurelt. doting. Night.

May 23 22 22 22 22Wheat declined this morning, partly In sympathywith luwir Liverpool cables. The receipts at theNorthwest wero liberal, tho crop news was of a favor-able cbaroc ter, and there was considerable liquida-tion of Muy wheat. Hut before the close prices ralliedand advanced on aome mouths. Tho principal factorwas theillssour! btate rejort, which Induced shorts tocover. The report stated that 27 cent, of the areaseeded had been abandoned, and rate the conditionof the remainder at 04 V cent., Indicating a yield ofU.000.000 bush., against lll.OOO.UOO ia.it season,

de. lined d. Uorllu adtaneed ie. after anearlr decline. Palis was weak. Tho Northwesternncelpu were 3H7 cars, airalmit 1)13 last weoic and 4Dlast year. Corn and o n wire nrm. The receipts ofcorn were light, 11 lie Hie cxorts continue on a liresca'e. Chliujo receded 1U7 cars of corn and 134 ofoatst the rtoelpt llure are estimated at7b anil lib cam riM-ctl- e y. Chicago, April 1."May wheat madoonotbor low record today, sellingdosDldOiiV. Hoim.uf tho larKer bears, who havebeen talking 70 cent wheat for soma time past, hadlittle dirtlculty In making their prediction prove truotlus morulni', althouzb It Is iMsslhle tbey were somo-wba- t

dlipKjlntrd that holders did not have muchwheat for sle ut that figure, ou the other hand therewas a good demand around 70c. and what wheat wasorfered was quickly absortied. which caufed shorts totake their prollts and Uietkrd the downward courseof prices. Tho feeling after the ipise lust ulght wasquite nrm and traders generally expected highercables this morning. IJverpool, howrver, ujamul atnnehuncd prices and declined d, during the session.This brought out fresb liquidation and mudsscalpers very beaiiib. It was soon noticedthat the demand was extremely poor, and themarket decllued quickly from 7Uc. down toU9V. before, the bujb'K was sufflctently Isrstocause any reaction. Prices sutaequently recoveredthe entire break, closing easy ac lower tnan yester-day. The Missouri btate crop report was bullish,making the condition U4 cent, and adds that 27

cent, of the area sown has been ploughed up. Thismay havo had aoma Influence on toe market, but thelikelihood Is not much, as the figures were discountedu few days ago. TUera baa been a Utile better cashdemand to day, and New York reports the sale ofV3U.U0O bush, for export, shipment, Tbstrade Is somewhat skeptical about this sals,however, aa Liverpool advices claims that RussiaIs ottering a letter grade than America. Clear-ances were large at 447,000 busb. North-western receipts large, 3H7 cars. The decline

has probably eliminated most of the long In-

terest, and some reaction ought to result. If, bow

rsrrer. liquidation has not bean completed yet and thedecline does not bring out any export demand, tbamarket may still seek lower prices. Corn has beenArm, closing at a alight advance over yesterdaylfinal figures. Receipts were light and clearancesheavy. The trade, however, has not been large."

Flock Was quiet and easier. Bale 12,800 bbls.Jlarrtti. Aiets.

Receipts 0.02S 9,302Export 17,141 11,093Spring In bbla.: No. 8 extra, t!1.10al3.2t No. 1 extra,3.33.1 B3 straights, 3.90 patents, (4.207

(4.8S. Hill feed was In fair demand and firm. Ilran(40 ns.), V 100 ., 071700.1 shorts (00 Bs.). 074c.70?. mldlllni (80 to 100 aa.), 03(4750.1 sharps(fine), 78080c.

Corron Rot cotton here was unchanged, with satesot 1, 300 bales fur export and 007 for spinning!2,000 were dollveredonoontract. Middling uplands,7 against 7e.last yean New Orleans andaulf,7 9.10a, against 8sc. last year. Charleston de-clined Baltimore advanced llnc. New Orleanssold 0,000. Savannah 304, Augusta 3411, Mobile 1 Si),and Norfolk 1MH bales. Liverpool advancedon tho spot, with sales of 10,000 bales! futures thereadvanced 4 to 1 point. In Manchester y rnswere quiet but steadji cloths quiet. The nombayreceipts for the week were 112,000, aitalnst CII.OOOIn the same week last year: shipments to OreatDrltoln none, against 7.000 last year, and to the Con-tinent 17,(1011, analnat 30,000 last year. Augusta re-ceived today 223 bales, against (127 last wo-- k and03 last year: Memphis 104, against 341 lait week and200 Isst yean Hojuton UB7. against 938 last week andl,f3lMt jeart Nt. Louis 28, against 21 last week and44 laat yean Cincinnati 1,232. ngslnat 334 last weekand 227 lait year. Auguata shipped 727, Mem-phis 1,024, Ht. Louts l.ilSR, Clncmnttl 433. and Hous-ton 1,004 bales. Ilouiton expects l.OnO to1,100 bales, agaln.t 717 last week and 9.0H7last year. New Orleans expects 1,300 to 2.0Q0,agslnst 2.333 last week and 2,725 last year.The port receipts wero 10.733 bal s. Including"various," against 7,473 last week and H,04n latyear; thus far this week 40,010. ngnlnat 10,410thus far last week. The exports from tho ports wero13.190 bales. New Orleans alvanced 2 points,but lost It and declined .1 points. Futures hereadvanced 1 to 2 points, but reacted and declined 4to 0 points, closing qu'.et with sales of 00,000 bsles.Tho future trading was as follows :

doting. Uighelt. Loveit. Salel.April 0.91(i0.03 A.V3 0.112 000May 6.B7 . .. 7.03 0.07 lfl.100JUUO 7.01W7.0B 7.07 7.03 6,000July 7.0(17.07 7.13 7.01 3,700August 7.077.0S 7.14 7.0 S3.100September 0.30.R4 0.M1) 0.H4 1,400October. ...0.7080.72 0.77 f).73 U00November.. .72aH.78 n.7 0.73 11,000IecBlnber...0.75(S.70 0.79 0.70 1,700January... .0.79(20.80 0.84 0.79 MOOThere were nn now development In tho speculation

llalna were reported at several points alongtho Mississippi, and the fear of further serious

sustaining factor In the a tuatlan.At tho opening prto-- s advamel slightly. Liv-erpool was higher, and th"re was a small demand forlocal account, llttt even this slight Imprm eiuent wassoon lost In tho alMrnee of support, and prices slowlyreced-- d ou New Orleans selling. The selling forSouthern account was not heavy, but owtug to thestagnation of the speculation a few or era either wayeasily Influence prl es. Tho receipts at the ports to-day were augmented by the clearance from Rruns-wic-

of a large shipment. The Interior receipts weroIlitht. the exports were liberal, spot markets weresteady, and the estimates for New Orleans and Hous-ton were small.

CorrKK Wo on the snot was dull and weak; No.7, Re. hales 300 bags Msracalbo and 100 bags Cen-tral Americas on prlvateterma. The future tradingwas aa follows :

Salel. Illgheit. Loxrett. doting.January l.noo 7.90 7.90 7.B30I7 90May B.OOO 7.00 7.83 7.357.H0June 730 7.03 7.00 7.0037.05July 2,300 7.70 7.70 7.03ffl7.75August 730 7.B0 7.S0 7.7Ba7.85Keptemher.. 3.730 7.S3 7.80 7,N0(7.83December. ..0.000 7.90 7.83 7.83(7.90Future here declined 5 to 10 points, oloslng steadyafter sales of 22,730 boas. Havre declined 1 toHamburg declined 1 tolUpfg. Rio was weak; re-ceipts, H.000: stuck. 279,000: exchsnge. Hd.. a declineor Santos was quiet: receipts. 17.000! stock.473.000. American warehouse deliveries yesterday,H.U07 bags. The cables were bearish andprices declined In sympathy. Tho receipts were large,and a further cut In the price of roasted coffee wasannounced.

Naval. Bronx Unchanged.PETaoLXCM Crude certificates wero unquoted here

and In OU City. Kenned unchanged.1'aowsiois Lard quiet at Sl.4u4t4.4S. Pork steady

but dull. Mess, t0tH.r.O. Tallow. UVc. Chicago,April 1. Provision prlceswero well maintained. Re-ceipt of hogs were under the estimate and there wassome outsldo support." Iluter Creamery, Western,seconds to extras. 17(eC19c. Cheese btate, fullcreanu large, white, fancy, 12ftl24".; do., amall,124c. Fgcs Western, fresh gathered, fancy, 10c.

bcoan Haw quiet but (Inn: nv test. Sc.sfio test,OVc. bales. 4R0 tons. Muscavado. SO" test, at 3cRefined, active. Domlogoes, to No. 7, h.c. higher; Nos.H. 0, and 10 higher, and c. higher for Nos.14 and 10.

Cincaoo. April 1. These were prices:Last

irAiax.- - Opening. Iltgheit. Lotreit. doling. Sight.May 704 70'4 OH', 704 70Julj BUS 70V Oil's 70 OU

September. 07 08 074 OSS OH

Corn;May 24 23 244 23 24JulT .. 20 Sfl 23?, 20lt 20September. 27 27 274 27 27's

Outs.--

Msv 174 17", 174 17 174julr 1H4 184 14 lt 1HSeptember. IS lM's 13 IS 18

Tjird:Msy 4.22V, 4.274 4.224 4.23 4.124July 4.324 4.374 4.324 4.31 4.824September. 4.424 4.43 4.424 4.45

lllbi:Mav 4.05 4.70 4.024 4.074 4.SSJuly 4 074 4.03 4.724 4.074

tor.- -

Msy $.00 BS34 1S.S24 SA374 g.3T4July 8.074 8.7 J 4 8.03 8.074 8.074

Live Htacli Market.Niw Yosk. Tbnrsdar. April 1. Receipt of beeves

were l.:40head. all contlKnod d'rect toexporters an 1

local s aughterers. No trading; feeling firm. Urtsv,dbeef llrm st 7iac. i B. for native sides. Ca'des fromOtitUh insrkeu.iuov Am ilconstei-r- s st 1U412C. 9ft. dressed weliht: Amerl'an r fr gerated beef atftitinc. t : American sheep at Vl04c. V a.dressed weight. Exports 310 beeves;

143 beeves.Receipts of calves, all for the market, were 183

head Firm for tl sorts, and all sold. Poor to primeveals sold at tl$M 100 aa. pressed calves arm;city dressed veals. 7&10. v a.

Receipts of sheep and lambs, Including 5 caradirect to butcher, were .1.007 head; 13 cars on sale.Market wesk all around, mainly Owing to unfavor-able Western advices. About 3 cars of stock wereheld over. Poorest to best sheep sold at t4.30ujg3 V100 as, with m prime offered! common to choicelambs at trt$u.73. Dressed mutton, 7llk Y a.;drensel lamtis, 9(Al lo.

Recelpu of hogs were 1.793 head. Including 273head ou sale, bteady at I4.209S4.S0 t 100 as. forHtte hogs.

Court C!endari This Day.Appcllata Division Supreme Court Recess.Superme Court Appellate Term AJJourned for

the term.supreme Court special Term Part L Motion

calendar called at 10:30 A. M. Part IL Kx partemailers. Part III. No day calemlar. Paris IV.,V.. VI.. VII., ami VIII. Adjourned rortne term.

Surrogate's Court Trial Term Will of JamesBrady, at 10:43 A. M. Chambers Motion calen-dar called at 10:30 A. !. Win f Alexander Bu-

chanan, at g p. M. For prooate Wilt of TnomaPesre. Sarah rl Elmeudorf. James Lee, John lieHurler, at 10:30 A. JI.: Valentlue Scbefers, GeorgeBcnmMt. at 2 P. 31.

City Court claneral Term Adjourned sin die.Special Term SIniions. frlsl Term Parts I., IL,III., and IV. Adjourned for ths term.

BPEXT $1,000 J.V TWO HOXTJIS.

ItleXally nnd .alblns; Lert or III tTire 8t-In- g

nben He sTaetured flu Skull.John McNally, who by peddling kindling wood

for mora than a generation made a small fortune,was taken to the Flower Hospital yesterday witha fractured skull. Tho police picked blm up in thedoorway of tho tenement at 14S East Forty-nint- h

street. Ho went on u spree two months ago,when his wife died,

Khe saved his money while she lived. Whenshe was gono ho started to spend It. There was$4,000 of it, it was said, and It went at the ratent $110 a day or more. When the pollco pickedMcNally up yesterday he had nothing left. Hesaid that he fell and Ihua got his Injury. Despiteits ilespcratecbaracter, tho doctors think that hewill get over It.

cfitinttrinl.

TiTlEQIMANTeEAND TRUSTS

1 14 Broad way, N. Y.20 Court St., Jlrooklvn.OHlces i N.K.ror.fi8thSt.ancl7thAYe..N.Y.

I. 151) West li!5th .St., N. Y.

CAPITAL, . . $2,500,000.SURPLUS, . . $2,000,000.OTTcra Its services for tho sato keeping andjudicious management of trust funds,

Tlio company Is In a position of great ad-

vantage for tho securing of mortgage Invest-ments.

It can render invaluable service to thosevsrlto wish their funds, of whatever kind, In-

vested in good mortgages.The company acts as executor, guardian,

or commltteo; receives deposits; executesall truMs.

TBCSTRBSGeorge Q. Williams, John 8. Kennedy,Alexander E. Orr. William M. Ingrabam,Auguatua D. Ju Ulard, Charles A. P body, Jr.,Charles H. Drown, James D. Lynch,IxiuU Wlndmuller, Ilobert olypuanr,Jobn Jacob Aator, Martin Joost,Juilen T. Davlea, Venl 1111 n D. Hloks,William II. Male, William J. Kastoa,Charles It. Henderson, John D. llloks,Frvtlrr ck Potter, Kills U. Williams,Emit Uelberminu, Charles Matlack,Bamuel T, Freeman, Cbarle Itlcbardsoa.

CLAUKNCK II, KJJLSEV, President.

FUANK BAILEV,LOUIH v. BRiailT, Sscrstary.

EDWABD E. SPBAOUK. Solicitor.UTKPUKM I', NABII, CoonseL

ihimi"" niaia..n.liilila1mi.n - i..fitn.'- -

rfiaaBclui.svsvsssissi1sssssssSassssSswsSssSsvs'ssv

omen or thbSt, Louis, Iron Mountain & Sonth-er- n

Railway Company.

NEW YOltK, March 8, 1S97.TTTIS Company has msle arrangements with It essrs.

Vermllye A Company and Kuhn, Loeb A Company toextend the First and Seound Mortgago Oonds Issued bythe St. Lout Iron Mountain Itallroad Companymaturing Kay 1st next, the principal to bo payable Inflfty yean from that date, and Interest on the ex-

tended First Mortgage Bonds August and February 1stand en the oxtended Becond Mortgago Donds May 1stand Kovomberlst In each yean both principal andInterest to be payable In U. S. Gold Coin ot the presentstandard ot Weight and fineness. Tho Interest on theextended 1st Mtge. twnds will bo at the rate ot 4aper cent, per annum, and on the extonded 9nd Mtge.bonds at the rate of 0 per cent, per annum.

The Company reserves the right to pay off at anytime either or both Issues of extended bonds stlOAper cent, and accrued Interest, upon giving six months'notloe of It Intention so to do.

The right 10 extend, a abovs, has been reserved tosuch of the present holders as may desire to avail of It,upon tho (oovi'and conditions set forth by the BankersIn the subjoined ho'tlco.

St. Louis, (ron Mountain & Southern R'way Co.OV A. It. CAI.EP, Treasurer.

DEW YOrtK, March 8, 1H7.rtBFERItntO to the above notice, holders ot the

above named bonds desiring to extend them will havethe privilege so to do until April lBtb, upon the pay-

ment of 1 percent, of the amount ot their bonds, pro-

vided they shall notify us prior to that time ot theirwish to extend, and shall state the amount and theumbers ot their bonds.

On and after April SOth, The Mercantile Trust Com-pan- y

will be prepared to receive the bonds upon ourorder and to place the new forms of extension andcoupon sheets ou them.

We are now prepared to pnrchase at par and ac-

crued Interest the bonds of any holders who may de-

sire to sell rather than to extend.

Vcrmilyc & Co. Kuhn, Locb & Co.,Nassau & lino SU. No. U7-- Fine St.

orrirn op this

St. Lonis.IronMountain & South-

ern Railway Company.

NEW YORK, March t. 18B7.HOLDERS of the First Mortgago Bonds of the Cairo,

Arkansas Texas Itallroad Company, maturing Juno1st next, are hereby notified that the principal oftheir bonds, together with the coupons thereon ma-

turing June 1, 1897, will be paid on that date uponpresentation of the said bonds and coupons at tbooffice of The MercantUs Trust Company, No. ISOBrocdway, New York City.

St. Louis, Iron Mountain & Southern R'way Co.BY A. II. CAI.Kr, Treasurer.

PHILADELPHIA AND READ-

ING RAILROAD COMPANY

Improvement Mortgage Bonds,Due Oct. 1, 1897.

Offlc of Pbll.ule.phU n1 Heading lUllway Co.,

PIULADELrillA, March 4, XBD7.

ThU Company has raid an arrangement withUrurt. Drcxel t Co. to extend the ImproTementMortc&ge Bond, Untied by the Philadelphia and Head-

ing Railroad Company, maturing October 1st next,for a period of flfty years from April lat, I8U7, withInterest at the rate of 4 per cent, per annum, payablasemi annually, on the flrt days of October and AprilIn each year, at the office of the aald Hallway Com-

pany. In the City of Philadelphia, both principal andInterent to be payable in gold coin of the United States,nf the prevent standard of weight and line new, with-out deduction for any taxes Imposed by the UnitedStates or the State of Pennsylvania, under present orfuture laws. The Hen of the mortffaffo now securingsaid bonds to continue unimpaired, and the HeadingCompany (the owner of the capital stock of said Hall-

way Company) also to become responsible for thepayment of the principal and Interest of the said bonds.

The right to extend, as above, has been reserved tosuch of tho present holders as shall deposit theirbonds for that purpose with Drrxel ft Co.. Philadel-phia; J. P Morgan A Co., New York, or J. S. Morganft Co . London, on or I fore April lMh, 1807.

The coupon due April lt, 1H07 (iiulcn previouslycollected), will be cuatiM at tlruo of deposit, and atthe same time depositors will be paid $10 In cash onearn 1 ,000 bund, being th, difference between Inter-est at the rate of l per cent, and the rate of 4 per cent,for the period from April 1st. 1807, to the presentdate of maturity of the bond on Octolwr 1st. 1807.

Such bonds aa may not lw extended by the holdersor be presented for that purjxwe by Messrs. Drexel ftCo. will be paid at maturity.

PHILADELPHIA AND READING RAILWAY CO.By W, A. CHUHCIf, Treasurer.

Philadelphia, Sew York, and London,March 4th. 1807.

Referring (o tho above notice of the Philadelphiaand Hfadtntc Hallway Company, we are now ready tore elre at either of our offices any of the Philadelphiaand Railroad Company Improvement Dondsfor extension, and to make the cash payment aboveIndicated.

We are alio prepared to buy at par and Interest attho rate of 0 per cent, per annum to October tst,1807, leM discount at thn rate of 3 per cent, per an-

num, any of tho bonds the holders of v hicb may pre-

fer to, sell rather than to sxtend.

DRKXKIj & CO.,Oth and Chestnut Streets, Philadelphia,

J. I. MORGAN &CO23 Wall Street, New York.

J. S. MORGAN A CO.,l! Old llroad Street. London.

Philadelphia and BeadingREORGANIZATION.

NiwYois, axD PmxaDELruu, March 10, 1897.

to tiik iiol.tiKita orReorganintion Certificates forStocks and Donds of

The Philadelphia and Reading Railroad Co.On ami aflcr Thursday, April 1, lhU7, w shall b

prepared to teglu tbo Issuo of new securities In excbsuK for nenrgsnlzstlon Certlflcatea.

One hunlre4 schedules per diem will be received.No schedules will be received alter 2 P. M.

All KcorjtauUatJon Certificates (unlrsi ' to bearer")must b ond.rfteA In tilsinki nnd. If stock Is

Id anr name other than that appearing on theface of the Reorganisation Certificate, Its assignmentftj be acknowledged before a Notary Iubllo or r

f5d by soniQ irson satisfactory to us.Persons entitled to any fraction of a aharo may

either sell the fraction lo us, or wo will sell them suchamount as may be necessary to entltlo them to an

share. In lb. absenco of definite Instruetlousfrom depositors, tho fractions will l bought by us.

Holders transmitting Iteorgonlratloa Certificates bymall will plroso Indicate whether they wish tbo newsecurities sent by regJstrtxl mall or by express attheir expense.

J. P. MOltOAN & CO.,S3 Wall Htreet, New Torfc.

UltKXEIj & CO.,6th and Chestnut Streets, Philadelphia.

Wheeling and Lake Erie Railway'

FIRST M0RT0A0E BONDS OP 1926.In Tiew of the default In payment of the coupon

due we, aa owners of and representing; a larpeamount of the bonds, beg that other hodeis willcommunicate with us for the protection of all in-terest d.

Maitland, Coppell & Co.,etlMCIIANQK PLACE.

April .

HAVEN & STOUTBANKERS AND BROKERS,

2 ExolmtiKo Court, New York.Member! Aew Turk filoek Exchange. ,

Marsin AcccubU, Investment cj.carlU,.

ef.nn.KC.Rl. i

TO THE HOLDERS OF BONDSOP THE

Lake Shore & Michigan Southern

Railway Company :

Under an agreement between the Lake Shore aadMichigan Southern Hallway Company and ourselves,we mako the following offer of exchange Into 1H1CVT

nt) run ci:.t. 100-vRt- n mold nojrw tothe holders of tho existing Issues mentioned below:

Wo will receive from the dato hereof DJfTlljninTIIRIT .tOTlCK, Donds of such Issues, bothRegistered and Coupon (the latter having attachedthereto all Coupons maturing aflcr June 1st, 1807),and thereafter new SSi per cent. Donds at the priceot 1(4 will be delivered for the existing Dondsupon tho oomputaiton, n of Juno 1st. 1897, of D

per cent, annual Interest, payablovis.:

For every (1,000 BT'1'FAI.O ItrtlB RAftHO.lII COSIPA.W T 11111 f'ICVr. MOIIT- -

J.tint ntD, duo April 1st, 1S0A (worth on a Si?per cent Interest basis, as of Juna 1st, 1SB7,

ths holder will be entitled, at 103b, to$1,01 4.70 In the new 34 per cent. Donds.

For every 61.000 l..lin finonn rtAILWArC'OMP.l.W V PER CEVT. MOHTUAtlE OOSfD,duo April 1, IROO (worth on a Sa per cent. Interestbn. I j. as of Juno 1, 1807, tl,07!MI), theboldernlllbo entitled, at 1034, to .1,047.0 lo tho new 84 percent. Donds.

For every 81,000 UtltB llionn JlICHir.AHoiTiiKnv n mi. wav co. t pen cbxt.

COVSOMIIATI'D IrlOItTtiAUB AKD SIXHinOVVXU VOVVOX DUXD, due July 1, 1900 (worth onn Big per oent. Interest basis, as of Jon 1, 1807,ai,iaO.0).tho holder will be entitled, at 1024. lo$1,103.08 In the new 04 percent. Uonds.

Forovcfy (1,000 of tho same Issue nEGISTRRBDno,I, on which the April 1st, 1B07, Interest totbo amount of is per cent, will bo collected bytho registered owner directly from tho Railway Com-

pany (worth (1,100.58, less (17.60-11,113.- theholder will be entitled, at 1084. to (1.08B.01 In th.new 34 per cent. Donds.

Forern 81,000 UKB HlOnE MICHIOASTBOtTHnttX nAIl.TVAY CO. 1 PER Clt.VT.8CCO.Mli .IrlORTOAIlR BOND due December 1,1003 (worth' on a 04 per cent. Interest basis, as ofJune 1, 1897, 11.801. HI), the holder will be entitled,at 1.024. to (1,172.60 In the new 84 percent. Donds.

We will receive Registered Donds only when dulyIndorsed In blank, but all Interest thereon payable onor before June 1, 1887, will bo collected and be re-

ceived by the roistered owner directly from the Rail-

way Company,The exchange will be made as of tbs first day of

June, 1807, from which dato the new Donds will bearInterest.

Tho M'.W BOXDS to be delivered by us In ex-

change will bo part of an Issue for tho aggregateprincipal sum of (50.00U.OOO to be made by thLake Shore and Michigan Southern Railway Com-

pany, dated June lat, 1807, and payable June 1st,1007, with Interest at the rate of 84 percent.-jw-

annum, payable both principal andInterest being payable In United States Gold Coin otthe present standard of weight and Oneness: and willbe secured by mortgage about to be made by theRailway Company.

The MORTUACR will provide that all of th aboveIssues of existing bonds are to be paid at maturity, sothat thereafter the new 84 per oent. Donds will besecured by a First Mortgage upon railroads, leaseholdIntereats, equipment, franchises, and Income nowowned or hereafter acquired by the Lake Shore itMichigan Southern Railway Company. Until thecomplete sstlsfactlon and discharge of each of th.existing Mortgage above mentioned, the bonds se-

cured by such Mortgage will be held by the Trustee ofthe new Mortgage and will be kept alive as additionalsecurity for the new Donds to be Issued thereunder.

Upon every exchange resulting In the right of th.depositor to receive a fraction of a new Bond, we willbuy such fraction at the prion of 104, or, at the optionof the depositor, we will sell to him at the same pricethe fraction necessary to complete a Bond for (1,000.

In exchange for each deposit of existing Donds, wewill Issue our RECEIPT, showing tho descriptionand amount of such bonds deposited, and theamount of cosh received from or paid to us with re-

spect to any fraction of a Dond, and the amount ofnew Donds to which the bolder will be entitled.

The existing Donds deposited with as will be lodgedby us with the CONTINENTAL TRUST COMPANT, otthe City of New York, which will hold the same aaCustodian under an agreement made with us for theprotection of all parties In Interest. Upon presenta-tion of our Receipts to the said Trust Company on orafter the day following the date thf reof. It will stampthe same to the effect that It holds under Its saidagreement with as existing Donds of the amount anddescription stated In such Receipts respectively.

The Trust Company will retain all existing Donds sodeposited with It (unless in case of a.hereinafter provided) until the same shall be ex-changed for the new Donds to be Issued by tho Rall-w-

Company; and after such new Donds shall be re-

ceived by It. will deliver the same to us upon our sur-render of our Receipts calling for an equivalentamount.

Aa soon as the new Donds are legally Issued, accord-ing to our Agreement with the Railway Company, du.notice will be given thereof, and upon presentationand surrender of our Receipts at our office, fie hold-er- a

will be entitled to receive the aald new 84 percent. Gold Donds, as stated therein.

If for any reason the Railway Company shall nothave delivered the proposed new Donds on or beforetho thirty-firs- t dsy of July, 1807, then and In suchevent existing Donds deposited with us of the amountand description stated In our Receipt will be re-

turned through us to the holders, upon surrenderthereof, repayment being made by the respective par-tlr- a

or the amount of cash received, as aet forth Inaald receipt.

NEW YORE, March 20, 1897.

SPETERSfCO.,80 BROAD 8TKKET.

STATKOFNEVrYOUK-COMI'TROLLK- n,8 OT.BUKEA0 OF CAS'AI. AFFAIRS.

ALU A NY. March 7tb, 1807,rumuant to the prm.ilonsof Chapter 70 of Law

of 1HP5, proposals will be reoelTed at this office untilTuesda.the UUtbMay of April, 19117, at 19 o'clocknoon of that day, for a loan of

TIIICKK mim.iox noix.triA,for which tratuferaltle certificates of stock, regla-tere- il

or coupon bonds, at the option of the proposer,Prlarlpnl nd Interest P)ble In tioa,

will be Issued In the nami uf the People of the Stateof New York, on the credit of tho Rlnklntc Futul estab-lished bj snM art, bearing latere! nt the rate ofthree per renin in per uiiuuin, psyahle setnl annu-ally on tbo tint days of Jauuury and July, and tbaVrln'-lpa-

l reimbursable on tho first day of January.

Tliro bttiida nrc, exempt from taimtloo. pur-suant io Chapter HO, Lawn of 1 HW7.

Proposals mny bo for t be whole or any part of thIosnnotles8tl.au tl.oou, and should state wbotberrrifliterrd or coupon bonds are desired, and such

must be a.vou.panled by a certified check forone percent, of the amount of the proposal.

Payments for the loan will be remitrrd to be madnn the acceptance of thn proposul by deposit In thHank of tho Manhattan Co , in thu city of New York,to thocivdtt of "Treasurer nf the Mate of New York,nn account of Canal Fund," of the amount of theaward, together with premium and accrued Interestfioni January 1, 1NU7.

The Comptroller reserves tbo right to reject all bidswhich are not In bU optnlou ad.antagcous to tholutcrcsbtof tho Slate.

Ijitfrt'st ou the loau mm the first day of January,IHU7, will bopuyable at tbo Uank of thu ManhattanCo , In the city of New York.

All propotettU must b? sealed and indorsed lxianfor Canal ItiipmremenM, ami directed to thn Comp-troller of the Mate nf New York, Albany. N. Y.

JAMKS A. UOUK11TB.Comptroller,

THE BATTLE LINE OF FREEDOMTODAY

IS IN THE ISLAND OF CUBA.Erery lover of liberty should help tho cause of

Cuban Independence by purchasing

CUBAN BONDS.In our opinion Cuba will undoubtedly achUrshir

Independence, and thcu these bonds will be worthabove par. They are a great spoculatlou.

Further particulars mailed upon application.wm. o. Mcdowell,

Authorized SuIch AkciiC. for Itepubllool' Culm,

Room 121, Ho. 115 Broadway, N. Y. City.

NEW Y0RK& ERIE HAILHOAD LD

First Mortgage Bonds(Ul; .HAV INT, I HOT).

'.'!! WAIJ. 8TIIEKT,NEW YOltK, April 1, 1867,

We hereby irlve notk-- that we arc prepared to pur-chase bouds of the aboie Issue, at 103 percent, andInterest, on delivery ut uur office.

The right I reserved to terminate this oiler withoutBOtlc. i, r. MOB.VAM st CO.

i

REORGANIZATION i JOar THB Ufc SsCsar

Brooklyn Elevated Ii j

Railroad Company. fil I

to the noLsmu or SB ,I 1

First and Second Mortffnge Dond 1

nnd Coupons nnU Stook of tho ,j f ,

Brooklyn Elevate Railroad Co. I j jFirst Mortgago Bonds nnd Coupons j jR ' 1

Ten ijin Sand Second Incomo Mort- - 'Utlilfe ' 'Jcago Bonds of tho M j Suffi jj ;I

Union Elevated Railroad Co. F 1

First Mortgago Bonds nnd Coupons ft f ,M

Seaside & Brooklyn Bridge Elevated f if jRailroad Co. J j

3

Notlco is hereby given that the nnderslgnl oanv ; ' '!! 'Ill 3 Imitten have completed a plan and agreement of n-- , Ui ' fjj, i I'montanliatton. copies of which maybe obuln.d tram ' fsfj Etas lilthe CENrnAL TUUST COMPANY of New York. o , XiS 8Jj 3 jWall Street, New York city. JSH JjJJ 1M

PJASf OK IIICOnUAlflXATIOir. i illlS ' IMTh. mortgages are to be foreclosed and the propatw ' ' 'llfl' ' vM

ties purchased by tho Committee, who wlU oause a - i?iR Inew Company to be organised to acquire th. property I SCsl A'fland franchUes of the old Companies. ' Sir T 'iM

The new Company will Issuo the following tpttli r "i4Biiisw nrciiniTir.il , yt f.f ;' :

10,000,000 First Mortgage Donds, I . Aj, ' Ibearing Interest at 4 per oent. until the year 109 .j W8 'vfland 0 per cent, thereafter) principal and Interest S v (.'payable In 10B0 lu United States gold coin otprts- - 'lil'irtS flent standard; Interest payable In New York olty 'tMll I'M

Mortgage to cover all the property tig!?!?. !and franchise of the new Company, Including attar- - ft' "A1! J'JHacquired property. S? ''wj', iffl5,000,000 Preferred stock, rive per cent, ' '. YMII ,','Hlatlve. ' - f M ij'ISJ13,000,000 Common Stock. hf, 15?5 i'UAssenting security holder will be entitled too IU 'Ip V Trfl

and new securities aa follows: ' $t'iljlT (HBrooklyn First Mortgage llonds and 1 , E i ji p VBaiUnion First Mortgage Ilond, m iljl

20 In cash for each coupon maturing ON AND ' 'l "JtJlV ssssslAKTF.U Al'IlU. I. laoT.pendlngreorganuiatloa. ' V iff 'jiiSi'; ' tfl1,000 new First Mortgage Bond. . SfK fttM

200 new Common Stock. AJS 'jp, Alassslseaside First Mortgage Bond, contributing to th MM HfL.' Amm

Committee (100 cash per bond, for each bond: 'IHSil I IgH20 In cash for each coupon maturing pending ' aiKHuf' IbsbbbI

reorganization. ''Sb'SimS I!1,000 new First Mortgage Bond. 59 ifl'' bsbbIAlso 100 new preferred stock for noli cash coa- - .:g ntbfrf JbbbbI

trlbutlon. 'fllg Etrfiif 3bbbbbI

Brooklyn second mortgage bonds, contributing to mu Sri JbbbbIthe Committee $200 cash per bond, for each bond! ly fj.f 'J jH

14 In cash for each coupon maturing peadis; iH bn' i ''alreorganisation. "" i'l bbbbbII1V. V.

700 In new first mortgage bonis. ""'I?) bbbbbb!

800 new preferred stock. -- Wfl- "w 'Also (200 new preferred stock for noh cash ooa- - v- i cSJ? ', ILbbbI

trlbutlon. . .;H fiWt JmUnion second mortgage Income bonds, contributing I IsbbbI

to the Committee Jioacaah per bond, for achboavlt , '' iTl t'AVl (bbbbbI

&00 In new preferred stock. j If-j- vbbbbbI300 In new common stock. 'y xrjfj '

Also 100 new preferred stock for such cash eon- - f Hfj I Htrlbutlon. $ 7bbbbbbIfWt)

Brooklyn stock, contributing to th Committee (10 A iibbbbI

oash per share of old stock: H i'l m73 in new common stock for each share at old r 1 3 fmrntstock. f 'Wjj HlOnewpreforred stock for such cash contrltm- - Vi. ?bbbb!t,on- - p&Ki

OHO I.T CASH tin PAID OX AKD i sMb ?HAFTEIl APRIL I. IH07. O.V EACH nitOOKLYS J. iW' ''ssbbbbIELEVATED HAILIIOAD COMPANY FIBST A 'ffi'f f bbbbbbb!

MOItTUAUE DOlD A.D O.f EACU CHIOS f' TW& &KLEVATlOa nAII.noAD COnPAXT PIBST ,' it'iSl. SatsHMOUTtiAtJE ItOAD DEPOSITED. k UTZ$

Cash contribution are to b. payable a called by t'Ah' Jbsbbb!the Committee. New securities to be delivered when r4. !iIbbbbIreorganisation Is completed. '' tft iflaBBsi

The holders ot ouUtandmg first and second mort- - ' ? ;1 bbbbb!

gsge bonds and stock of the Companies are requested XI i' 3i 1'bbbbbbbIto deposit their holdings with the CENTRAL TRUST W TXQti KsbbbbbbICOMPANY of New York, under the agreement lodged J, J J3 .PHwith that Company, subject to the order of the nnder- - i ill 'risBaBsisigned as a Reorganisation Committee. Negotiabl fi $ if-- ?VSBrecelpu will be Issued for deposited wcurltle. S ? 'r?sHWhen. io the judgment of tho Committee, a snfflclenl 'J f .'II.amount of bonds shall have been so deposited, the j,H E r tf'jlplan will be declared effective. , '! t 2M (i

The new securities not required for the purpose o 'ft SHU JK-- I

the reorganisation are to be held for future require- - 'j2wl a?9bbbbbImenu under conditions and restriction referred sals bbbbbbb!

th agreement. . ' Ij v1 jHNEW YORK. March 23. 1607. i i"((f HP. P. Olcott, i ij Jidfc 'V

Chairman, :i (t",lV "(1

James T. Woodward. "'fMHHCharle. Parens, Cemmltt ,X 5!'1 j9HErnst Tlialmann, j)X J.U ,

5! HLeonard LevvUeha. J j t.'t

ADRUN H. JOLINE. J. N. WAI.lJaCl!. SWy. A ,?W", 3HCounseL 01 Wall sU NT. .y.'a'V HJ a!Wheeling and Lake Erie Rail- - m IB

way Co. ;f InREORGANIZATION. olf jH4

TO TTIE noI.DKIIH OF 'M'r . ?1 JbbbbbbbbI

First Mortgage Bonds, Wf MLake Erie Division & Wtieelln Division : M &M

The undersigned ReorganUatlon Committee an- - '.'ilil IIiibbbbbbbbInouncesthatlt basrecelviil deposits of nearly all ot ' JsII V"athe consolidated Mortgage per cent. Honda of th 'i 5j i .vf1 HWho Hug and I,akn Erlo Railway Company, and ha ? ffi' bbbbbbbb!

In preparation a Plan or embracing I j, JA ) bbbbbbbbI

all lntcrrsts. j (,i jfHIn view of the In the payment ef the April 1 .(Srt! ''bbbbbbbb!Coupon, tlio Commltteo lnrltrs holders of FIIUIT 3 rf. T tL sbbbbbbb!

.tlOIITIiAUK Illl.MIH OP 1ICJO (LAKE BUIB ' tsBBBBBBBBsl

DItlNlOV). aud also ot FlIlMT nollTGACB .1 Vl'llUimH OF Iliait (STKK,.vo DIIIXIO.V), j Trti &A' bbbbbbbbI

to make deposit ot the same for mutual protection, .VI J f'$ mmWwith THE MF.RCANTILK. TRUST COMPANY OF NEW Ml) MV mmUYORK, which will Issue negotiable recelpu therefor, ' hyi '$'' bbbbbbbbb!

under an agreement, copies ot which will be turalhsd " Hu'if e,on app'li-atlon- . 'Mil ri'i R

Mr. Edward N. Olbbs, of th Nrw C ,'M '' HYork l.lfe Insurance Company, haa been added t ta t I A fty HCommittee. - ' hr M

Now York, April I, 1R07, f tJ?iHMIIIIS rrrZCBRALD, " I,', 4.il 'bbbbbbbIITII.I.IAM L. nCLL. U M .mmWUll.M'A.V D. PAIUtLT, ISJ JV HJ. KBAKEIIV TOD. ,1m. J, ',' HsinF.vt ri.i.F. n. noDoB, . p- - f j? HKDtVAIlD !. fllUUK, t kl',' 'j HIleorganliatlou Comxatttes). )i if,i,l '7

jonN r. nnxoy, '; h JfAI.MON GOODWIN, J) J,I 4 SBJ

Mac? &pendleton fp 1II A.Mi Kits. j i' i?. I

(1 imOAIIWAl, .M'.IV VOHU. ?lfvn!!V isbbbbbbbbI

i Oal llltOADtVAT. ' V,'J ji sbbbbbbbbbbIurancn unices. j 751, fifth aik-vum-. I"ii'-'l)- i bbbbbbbbbbbI

'J ' ' ' f.J alMembers of NP.W YORK hTOCK, COTTON. PROD- - t cbbbbbbbbbI

UCE AND COFFEE EKCIIANdES. ) j , j, ', HOUR MARKET I.KTTEI! Is THE MOST COMPRB. '' ) Vjfc , ' H

IIKNFIVE AND UNIlIAbKH REVIEW AND FORK- - t'' ir iIbbbbbbbbbI

CAST OF TIIK EXCIIANOE MARKETS FOR DONDH. 'f, 1 V hi' HSTOCKH, COTTON, WHEAT, CORN, OATH AND PRO- - A VlrtJ' ,kVI8IONS. bENT FREE ON APPLICATION, 'kTlfSjl ' bbbbbbbbbbbI

Government and M '"'', MMunicipal Bonds i:.i' M

eouam and sold. 'f ; HUADl. OR QUOTATION!! i ' ' bHrCllMMU-O- rllll lllh i'UHULAUK UAXs, ' fJf ' ' jHOU UAUlAXGL ol-- AlUiVK H1XU1U11KU. ' j l..ft I ' H

tilSTS OH Al'l'l.H.ATIOM. fi ' M jHN. w. HAkwis & co. vm ;; HllANUUItH, ;! V mmM

IS M'AIX rflltUKT. f. It- - . "i ,lj. M

tflfctioni niul Wcctinn. f '''1 llllllllllrpilKbECOND ANNl'Al.MEETINO oif theVtMkhoU. - '. ., I

CbbbbbbbbbI

J rrsuf thuCluliliiudrry nlll be held atthsOrolUr ' bbbbbbbbbbbbIClub, 2U East Dd St.. N. Y . Thursilay. April 10, H;0 I. VbbbbbbbbVI

P.M. WALTER OUXUJa, BtvtUXJ, ' L , W

I 'i vaBBBBBBBBBl

I 4 H '" .bbbbbbbbbbbbI