The directors of the Northern Pacific road held a meeting in New York,
on Friday, of last week. A letter was read from Henry Villard, resigning
the presidency of the company because of nervous prostration and in
deference to the interests of the stockholders. The resignation was
accepted, and a special election was ordered to choose a successor. The
directors voted Mr. Villard $10,000 per annum for his services. Vice
President Oakes reported the line in first-class order except one
hundred miles near the junction west of Helena. It is understood that
the Oregon Navigation company will reduce its dividends to 8 per cent.
The Oregon Transcontinental has raised $3,000,000 in Boston with which
to lift its floating debt.
MARKETS
MARKET REPORTS.
OFFICE OF THE PRAIRIE FARMER,
CHICAGO. Jan 8, 1884.
FINANCIAL AND COMMERCIAL.
The extremely cold weather of the past week interfered with business
very generally. In financial circles, as in others, the arctic wave made
matters rather quiet. Early in the present week, however, business at
the banks was active. The arrival of delayed mail trains added to the
volume of business; but while there was much activity, the monetary
situation remained about the same as usual.
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