246 



SUCCESS IN BUSINESS. 



40000 Tr'y. N. 7-30 3d s 107 



100 N. Y. Cen. Ts, '65-'76 120 



.... 101 

 .. 104 



51 



500 Hud. R. Ts 1st M ....... 



200 " " 2d M. S. F.. 



100 K RR. 2 d's. . . 

 100 " b. 5 w. n 

 1000 C. and Am. 6's, '89 

 100 Mich. 0. 6's, b. 15 and int ..... 107% 



100 U. S. Tr. 7-30 int. F. & A ..... 

 1000 Erie pref. s., w. n ............. 



88 



100 Penn. 6's, int. off. ............. 104 



500E.RR.b.o .................. 23 



300 " s. o... .31 



Treasury notes at 7.3 per cent, interest, sec- 



ond series. 

 100 Shares of New York Central RR. 7 per 



cent, bonds issued in 1865, and maturing in 



1876. 



Hudson R. 7 per cent, first mortgage bonds. 

 Hudson R. 7 per cent, second mortgage sink- 



ing fund. 

 Erie RR. sold at 2 days' credit at 51 % cents 



per dollar. 



Erie RR. to be delivered before 5 days with- 

 out notice. 

 Camden and Amboy 6 per cent, maturing in 



1889. 

 Mich. Cent. RR. Stock to be delivered before 



15 days with interest. 

 U. S. Treasury notes 7.3 per cent, interest 



paid in February and August. 

 Erie Preferred Stock without notice. 

 Pennsylvania 6 per cent, stock, the last inter- 



est of which has been paid. 

 Erie RR. stock, "Buyer's Option," when to 



for the stock. 

 Erie RR. stock, " Seller's Option," when to de- 



liver the stock. 



SUCCESS IN BUSINESS. 

 SHORT CREDITS. 



Short credit has much to do with the amount of profits 

 in business. The difference between long and short credits 

 will be seen by the following table, showing the amount of 

 $100 in ten years. 



Am't at Am't at Am't at Am't at 



SMALL PROFITS. 

 By the above table it will be seen that quick sales and 



