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HUNT'S MERCHANTS' MAGAZINE,
REPRESENTING THE INDUSTRIAL AND CO.MMP^RCIAL INTERESTS OF THE UNITED STATES.

VOL.

NEW

40.

YORK, APRIL

FittatiJCi»L

NEW

CHURril ST..
KE'Wr VORK.

Trinity Place,
In(^r|MtrulfHl

BuRbiOMw Voundcct 1 . !)2».
iiiiilpr lair, of Mat. t»f »w
Ki'urcsmlzed 1.<i;9.

AND

F.N'CiRAtHUS

I'KrXTf.RS

Inrh,

^ ENGRAVING AND PRINTING.
B*>K N«TK8,u|IARfi OEKTIKICATES. RONDS
r.>U (;OVtl£>".ME.\T« \M» OOUPOKATIONS,
OKAFTS CHECKS niM.M OF F..\«1IANGK,
the

and

ilnc«l

«lth SPt:t'!lL S.tft:<;iAItltS t»
UM* or

(lu>

Wi.rU

$•

Flroproof nuHcllnit..
UTIOeSAPHW ANO TtPE PHIHTINO.
rxi'ptit <! In

KAILIVAV TKKI

W.

T-i

OF IVirHttVKD STVI.ES.

Mii>%v t'arilis tkibflm {'nlfnttiitn..

VIO-i-KKSlDKNTS
A. D. SHEPARO.
J. MACOONOUGH,
W. M. SMILLIE.
TOURO ROBERTSON.
H. STAYKcR, Treas
THEO. H. FREELAND. Secty.
Pre»'l.

J.

W. Work. Cublar.

Maverick National Bank,
BOSTO.^.
CAPITAI.,

......

-

SURPLUS,
Aoa

.

9400,000
400,000

of Itanks and Baiskers solicited.
CoUeetloiu made upon faTorable terma.

'iinta

Qoremment Bonda botight and sold.

TaoMAa

A. VrsE.

Member

w.

K

D. vysb.
N. Y. Stock KzohanKe.

Vyse & Son,
BANKERS AND BROKERS,
Broadway
A 7 ExohanKe

56

Branch

Court, N. Y.
Union Square

Office at the Everett House,
and ITtli Street.

and

Wm. V. Cauolis,
Member

CHARLES F. Cox.

&

Government, State, County, City and Kailroad
bonds <»>nstaDtly on hand for sale or ezchanfce, and
particular attention Klven to the subject of Invest
ments for Institutions and trust funds.

F.A.VZNAOA.

FKA.N'K

&

H. B. Hollins

(

.UOl-l.iNS

Co.

Margin.

Rolston & Bass,

SECUKITIKS

But and sell on commission all classes of Stock
and Bonds, for cash or on mai^in.
Agents fur Banks, Bankers and Railroad Cumpanies.

(Ifi

C. J. Turner,
the N.Y. Stock Exchange.)
BANKER AND BROKEU,

V'ears'

Deposits received ?"ul>ject to check at stght, and
Interest allowed on daily balances. All Stocks and
Securities dealt In at the New Vtirk Stock Exchange

bought and sold on Cummi&sion, for Cash or upon

BKOADWAY.

74

Members N.Y. Stock ExchanKo.
IN FIRST-CLASS
IXVBSTME.XT

DEALERS

&

Id

Membership

in

BROAD

18

NEW YORK.

ST..

TransactSH general Banking bui^iness, Incladlngtbe
purchase and »ale uf slocks and bonds for cast) or on
roargt n.

&

Bishop,
Hamilton
BROAD STREET, NEW YORK.
BANKERS ANn BR<)K''KS.
STOCKS, BONDS
SXBEBX,
AND iniSCEL.I..\NEOUS SECURITIES No. 35 PINENew York t*iock NEW YOBK.
Exch mge.)
{Members
No. 20

Correspondence Solicited.
Quotations cheerfully furnished.
Wm. H. 110I.ST0V.
W. Alex. Bass, Jr.

Member N. Y. Stock Kxch'ap.
Member ChlCtttfo Stuck rxcb'go.

R.

&

Kimball

Co.,.

J.
BANKERS AND BROKERS,

No. 18 Wall

Street,

New
B.

Draw on < Ity Bank of London iu amounts to vuit
Special attention given to Securities for investment'

Co.,

BANKERS.

ITork..

CEDAR STREET.

No. 62

Banking Btutneaa. Day

In addition to a OenersI

lottnrbkrt.

&

Giiman, Son

New York

Seventeen Years' Meuibershlp In the
Stock BzchaoKe.

ALrREn

Accounts of Banks, Bankers and <tthcrs received.
Interest allowed on balance^*- A strictly Commission
Business in the purchase and Hiiloof slocks and bonds.
Private Telegraph Wi^re to Albany. Troy. Syracuse,
Rochostc^ t'tica, Buffalo. Cleveland and t hicago.

and

Sell

Uovernment Bonds and lovastment BacurU

tip*.

83

paid on Balances. Securities carried on
boTernniont Bonds and other Investment

Manttn.

Securities boutrht and sold on oomralsson.
Attention to orders by mail or telein-aph.

TINKER
BANItEKS

No.

Receive deposits subject to cheque at sight and
allow Interest on daily balances.

Cox,

Bankers & Commission Stock Brokers
No. 88 BROADWAY, NEW YORK.

Gilder & Fair,
R. A. Lancaster & Co.,
BROAD ST., NEW YORK.
BANKERS AKD BROKERS,
BASXKES AND BBOKERS,
UNITED BANK BUILDING,
Interest
&

1,422.

BANKERS AND BROKERS.

N. V. Stock Exchange,

Carol in

NEW^ TORK.

ST.,

BOX

Transact a Keneral banking business, Including the
and sale of securities listed at the Neir
Vork Stock ExcbauKe, or In the open market.

H.B.UOLIXNB.

Vnrk. Kafrimnmand other Dlaonn

RoBKBT J. Kimball.

SI

P. O.

Cliestuat Sts.,

Investment Securities.

Xpw

NASSAU

No. 25

PHILADELPHIA.

:

ASA. p. PorritK.

Co.,

Deposita received subject to check at sight, and
tntereAt allowed on dally balances.
Stocks, Bonds. Ac, bonffht and sold on conuutsslon In
Philadelphia and othnrdtles
ParUonlar attention Kiven U) Information r^cardlng
PrtTat«wtret<*

BLANK B-:OKS or EVERY DESCRIPTION.
ALBERT G. GOODALL. President.

fi.

Cor. Third

PKKTFNT (nrNT::HKEITIWL

SAFETY PAPERS.

&

BANKERS.

ino.t urtUtic Htylc

CoinpauT.

SAFETY COLORS.

and Philadelphia Stock Bzchanses

L. H, Taylor

maitliRlctim-il .vclii.Ivfl; for

S;i rial |ia|M>r..

Y.

Co.,

purcha.10

182 Broadway, Cor. John Street

Members N.

&

Ives

8.

BANKERS,

Co.,

ISIPORTERS,

OF

Pn«SI STEEI. PLATES.

&

Alfred H. Smith

1,033.

"giunncinX,

DIAMON DS.

l»oS

Foreign Covernments.

A-i%, In

NO.

Henry

BONDS, POSTAGE & REVENUE STAMPS,
LEGAL. TENDER AND NATIONAL BANK
NOTES of the UNITED STATES: and for

>*TAMI*.S

1885.

^iwattciat.

AMERICAN
> Bank Note Company,
r>S

11,

AND

WESTON,
BBOKEBfl,

Neiv York.

UKTBT

TrsKiH. Member N. T. ^^^ Bzoh.
Btook
BlNB8H.ArB WI8TOH.

J.
No. 2

HEIV YORK, SO BROADWAY & 5 NEW ST.

TROV,

N. v., No. 17 FIRST STRKET.

Stock Kich've membership: private trtre; all

facilities

&

NEW VORK

IK

MiscellaneoaB Secnrities.

Sirtithem Spofirttfng a Sperialtv.
John Howaiid Latham. Kucdehick vv. Pekbt

C.

STOCK BROKER.
Lansdale Boardman,

WAX,L STUEKT.

niALXKa

Kailroad
&.

EXCHANGE €OURT,

2

BIOADWAYAND

Special

H. Latham

&

Co.,

UNITED BANK BniLDINO,

IVALL STREET,

NEW YORK.

City, County, Slate. Itnllmad, Ulslrlct of

Columbia

Uondit Hnd Korelvn Kxchange.

rorrcsp"ndence Solicited.

R. T. Wilson

&

Co.,

BANKEBS AND COMMISSION MEBCHANT8
a Bxebajure Ooart. Neiv Vork.

Stewart Brown's Sons,
STOCK BROKERS,
PINE STREET,

88

B.A81IL.

NEW YORK.

US. KUANRCNHCIMKil, M. SILIOMAa
i.

embers N. V. Stock Kxohauce.

Asiel

&

Co.,

AND BROKERS.
BANKERSBXCIIANOB PI.ACK.
No.
61

A. B.

DOOOLABS UR»!>,

BATKMAN,

MembJt.V. Stock Rxeb.

MeagbJ^.Y.CottooKzot

W. W. DcoLsr.

A BATEIHAK,
GREEN STBBKT, NEW TORK.
8S

WALL

Stoats, Cotton

and Forelcm Ezekaaa

Private Wire to WialiliiirtoB.

BATIMAN A CO™

WaaHIltOTOK. O.C.

THE CHKONICLK.

11

&

Morgan

Drexel,

Ifofcign

JgxcTiatige.

ir'oveigii

&

Urexel

:{1

parts of the World, through
RotliscliIIil
Sons,

*'

*'

ATTORNEYS AND AGENTS OF

Brown

BUY AND

J.

Co.,

IN

John Paton & Co.,
SUCCESSORS TO
JESUP, PATON & CO.,

and Ouadaloupe.

and uiser ooaNTRiES.
BerwBes
n%KE COLLECTIONS tiF DRAFTS drawn

S3 William

this

abroad on all points in the United States and
Canada, and ol Drafts drawn in the
United States on Foreign Countries.

&

J.

&

Stuart

Co.,

NASSAU STREET.
BILLS OF EXCHANGE ON
SniTU, PAYNE & SiniTH'S,
33

New York.

DRAW ON

THB UNION BANE OF LONDON:
BRITISH LINEN CO. BANK, LONDON AND

BANKERS, LONDON;

MANCHB8TBB, PAYABLE IN LONDON

Street,

Accounts and Agency of Banks, Corporations.
Arms and individuals received upon favorable terms.
Dividends and interest collected and remitted.
Act as agents for corporations in payin.f coupons
and dividends; also as transfer agents.
Bonds, stocks and securities bought and sold on
commission, at the Stock Exchange or elsewhere.
Sterling Exchange and Cable Transfers bought
and sold. „^^

SCOTLAND.

iraANGHESTER & GOL'NTY BANK,
••LIMITED!"
;

ULSTER BANKING CORIPANY,

Co.,

COMMISSION MERCHANTS,

Kknnidt Tod.
H. O. NORTHCOTX.

J.

Co.,

Draw Bills of l^xchange and transact a general
fiianclal comml8.<;lon business. Particular attention
i*ven to American Securities.

No. 19

&

Kne ScHbe,

Co.,

Parts.

Orders solicited for Loudon and American markets
Railway, State and

&

CO.,

PARIS

CHEQUES AND BILLS AT SIXTY
DAYS SIGHT ON

ALEXANDERS &
CiKCL">AR. Notes

Aim

CO.,

Co.,

'WTIJ.IAM STREET,

for Banks, Bankers and Railroad
Companies.
issue commercial credits, also foreign and domestic
travelers' letters of credit in ponnds sterling &, dollars.

Offer Investment Securities.
Bay and sell bonds, stocks and securities In all Amerlcan. Canadian, British and Dutch markets on commission. Collect dividends, coupons and foreign and
Inland Drafts.
Sell Bills of Exchange on

MEl.VILI.K. EVANS & CO., I, nwnnN
liONOWN.
C. J. HA:>IBK(> & SON,
(
& SON, AHISTERDAM.

HOTTINGUEtt

Co.,

CHEQUES AND CABLE TBANSFERU ON

inUNROE &

No. 63

&

Act as Agents

& CO.,

&

BOSTON, MASS.
Cor. Wail and Nassan

JOINT AGENTS

London

(Limited) London.
Rerenbera;, tiossJer

& Co.

Canadian Bank of Commerce,
10

EXCHANGE PLACE.

HaniburK.
Hessrs.Marcnnrd, KrauKsdc Co., Paris.

BUY AND SELL STERLING E.XCUANGE, CABLE

Commercial and Travelers' Credits.

ISSUE COMMEUriAL CIIEDITS, A VAILABLE

Cable Transfers.

GENERAL BANKING

a

received and

INTEREST

business.'

allowed on

balances.

Buy and sell GOVERNMENT. MUNICIPAL
RAILROAD Bonds.

and

Private telegraph wires to Providence and Boston.
G. B.

TAINTOR.

GEO. H. HOLT.

G. D.

L'HUILIER.

&

C. Walcott

J.

Co.,

BANKERS AND BROKERS.
No. 24 Pine Street, New York.
Transact a (jencral Banking liuslness
Stocks and Bonds bought and sold on ('ommlsslon.
Orders received in Mining stocks, and In Unlisted

Coilectionsmadeand Loans Nei/otiated.
Dividends and Interest Collected.
Deposits received subject to Draft.
Interest Allowed. Investment Securities a SpeolAlty
Issue a Financial Report Weekly.

Jos. C. -Waxcott,
Fbank K. DirKlN'HON.

>

of the New York
Stock Exchaniin

Members

(

Geo.

Sons,
K.. Sistare's
16 & 18 Broad Street, New York.
121 South Third Street, Pfilladelphla.
Connected by private wire with main office. New
York.

DBALI4K8 IN

FIRST-CL.ASS llVVFSTmEIVTS.
Buj Hnd Sell on Commission, for
Kin, all securities dealt in at the

cash or on mar-

New

Yorfc

Stock

ECzchanKe.
Interest allowed on dally balances.
All deposits subject to checu at siuht.
Partic ular attention to orde rs bv mall nr fe l«wrapb.

Fred. H. Smith,
BROAD ST., NEW YORK.
STOCKS, BONDS AND PETJIOLEUM
No. 20

Bought. Sold, and Carried on Margins.
all railroads for past twenty
desiring to buy or sell unquoted securities will do well to communicate.
F. H. Smith, ) Members N. Y. Mining, Stock & Na.
tlonal Petroleum Exchange.
S. W. Smith, J

Intimate knowledge of

years.

I*art.le8

&

Co.,

J. BANKERS AND BROKERS,
19 Rroad St.,N. Y., mills Bulldlne,

Jameson, Smith&Cotting

AND
COMMERCIAL ADD TRAVELERS' CREDITS.

LONDON.

jonn

Bxonanve

DEPOSITS

CABLE TRANSFERS, BILLS OF EXCHANSE

CORHKSPONTJENT.S OF THE

Bills of

TRANSACT

Foreign Exchange, Bonds, Stocks and Miscellaneous Securities bought and sold on commission.
JnLiPS A. Kohn. David Ochs. Moritz Ochs,
Memb. N.y.StockKl
Memb.N.Y. Stock Exch.

York.

&

nessrs.

WALL STREET, NEW YORK.

Transact a General Banking Business.

New

OORRESPOyDElfTS:

of

BANKERS,
No. 10

FOREIGK BAKKERS,

Sts.,

Cbeijits for Tratklers.

Rank

Holt,

8c

A. Kohn

Co.,

BARING BROTHERS & CO., London
PERIER FItERES ic CO., Paris.
dchulz
Ruckgaber, MENDELSSOHN & CO., Hcrlln.
B A NKER8,
J. H. (iOADBY & B. E. WALKEE,
89 WILLIAM STREET, NEtV YORK.
Interuatloiinl

Taintor

PARIS.

Kidder, Peabody

No. 32 Nassau Street, Nevr York,
No. 4 Post Office Square, Boston,

8TRRT.ING

N. T. Stock Eicb.

Kennedy Tod

H. OVENS

for investment or on marKin.
City Loans nOKOtiated.

John Munroe

Member

BANKERS.

10 Tbrofi^mortoB Are., Loudon, Ens.

William Heath

ALBiANDEH BARISQ.

J.

FOREIGN EXCHANGE. CABLE TRANSFERS.

&

In all parts of the
world. Rllis drawn on the Union Bank of London.
TeleRraphlc transfers made to London and to various
places in the United States. Deposits received subject to check HtaiKht, and Interest allowed on balances. Government and other bonds and Investment
securities bought and sold on commlseion.

Office, 320 Broadway.
Connected by Private wire.

23 & 34 Excbange Place,
AIJ90,
CABLE TRANSFERS AND LHTTKEB OF CRBDIT
New Yobk.
LONDON:
PARIS:
iNEWVOKK:
BILLS OF EXCHANGE, LETTERS OF CREDIT
cSiLTgu^INCK V.TH08 E. DAYIS. W. G.H. HEATH.
TELEGRAPHIC TRANSFERS OF MONEY
ON MEXICO, CUBA, Arc, &c.
William
Co.,
Mo. 80 Broadnray, NeTV York.
Members of New York Stock Exchange.

York.

€IKm.AR NOTES
Issued for the use of travelers

We
Branch

EDINBURGH, AND BRANCHES;

Heath &
BANKERS AIVD BROKERS,

New

liETTERS OF CREDIT AIVD

AKD

NATIONAL BANK OF SCOTLAND,

William Heath

BANK ERS.

Securities.

&
BANKERS

Maitland, Phelps

BELFAST. IRELAND;
AND ON THB

BROTHERS,

I£OlJ.\T3SE

Parable in any part of Europe, Asia, Africa, Anitrsilaand America.
Draw Bills of Exohan>;e and make Telegraphic
Transfers of Money on Europe and California.

ANY PART OF THE WORLD.

In Francs, In Martinlq>]p

Exc h ange.

SELIGMAN FRKRK8 & CIB., Paris,
SELIGMAN & STETTUEIMER, Frankfort,
ALSBERO GOLDBBKO, Amsterdam,
ALTMAN & STKTTUKIMER, Berlin.

n KE TELEORAPHIC TRANSFERS
OF MONEV

J

York.

Issue Letters of Credit for Travelers,
On SBLIGMAN BROTHERS, London,

IN STERLINO.
Xnd
t

RROAD STREET.

Commercial & Travelers' Credits

AVAILABLE

of the New York Stock Exchange,
ra FOKEIGN EXCHANGE, GOVKmfMMIT
AND OTHER INVEST.MEXT liONnS.
STKRLING LOANS A SPECIALTY.
S4 Wall St. and 62 Greene .St., N. Y.
Buy and sell on commission, for Investment or on
margin, all securities dealt in at the New Vnrk Stock

DEALKRS

120 Broadway, Equitable Building,

BANKERS.
iVeT*

.SELL

BILLS OF EXCHANCE

Germany.

& W. Seligman & Co.,
No. 33

N. Y.,

ON ORKAT BRITAIN AND IRELAND, FRANCE
OKHMANV, BBLQIOM, SWITZERLAND, NORWAY, DENMARK, SWEDB.N AND HOLLAND.
iHgue

Frank-

o\in,

fers to, England, frYaneeand

CO.,

&

Brothers

TTALL STREET,

No. 59

London.

Koth!«(-hiNI Kros., I'ni-is.
j\. •I>- lioilischild Sc !<oub,

Vionun,
AND THEIK COKRESPONDENTS.
Draw Bills of Exchange on, and make Cal)le Trans-

OLD BROAD STREET, LONDON.

22

M.

Chas. Unger & Co.,
BANKERS AND BROKERS,
Members

in all

S. 91. de Rolhscliild, Esq.,

Securities
Oeposlts received subject to Draft.
^iijiht and sold on commission. Interest allowed on
9 «o8lts. Foreign Exchange. Commercial Credits.
Circular Letters for Travelers.
0*ble Transfers.
ftTAl able In all parts of the world,

So.

lie

loi't

PARIS.

MORGAN &

&

Messrs. N. M.

Boulevard IlaasamanD,

DOXESTIO AND FORi'ION BAIfKERS.

mesiirs. J. S.

Co.,

Nos. 19
Street.
ISSUE TRAVELERS' CREDITS, available

NEW YOKK.

PHILADELPHIA

&

BANKERS,
& 31 Nassau

Drexel,Harjes&Co

Co..

1»0.9« South Third Street,

"g-ccTiauflc.

Co., August Belmont

WALL STREET,
C^lJNER OF BROAD,

[Vol. XL.

TUANSFKRS, ETC.

IN

ALL PARTS OK THK WORLD.

STOCK BROKERS

AND COMMISSION MERCHANTS,
23 Broad

St.

and 57 Exchauj|;e Place

STOCKS. BONDS, GRAIN and PUOVI8ION8
bought and sold in New Vork and ( i-.icigo.
Chicago Correspondenta, W.M. T. UAKKR .k CO.
Direct, and e xclusiv e urivii te wir e
BI<1AU DKWINO. Cl.AHK flEWINO. B". T. BONTKCOIT.
(Member of New Vork Stock Exchange.)

H. Dewing & Son,
BA«KEKS AJVI> BROKERS,
No. 18 Wall Street,

New York.

Stocks and Bonds Bought and Sold on Commission
Accounts r.T-eived and Interest allowed on ballances, whicti uiav be checked for at sight.
Iowa Loan & Trust Co. 6 per cent Debentures

bought and

soid.

:

April

:

THE CHRONICLE.

11, 1888.J

Hi

Sanlicva anfl groUtvB.

Wood,
31

&

Huestis
riNE

ST..

NEW

ITinrjcifltt

Co.,

TBE
Prince & Whitely,
ai BROADWAY, NEW YORK. Railway Share Trust Co.

DATIS.

Sxe«nt« orden tn alt secuiittes Uat«d at the New
York 8U>cM KxchnntiA. Kor Bale.
ITIIUIT-CI.ANII UAILHUAI) KIHST MUltTOAOl BONDS
OKUKUUC. WUOll. U a. UUK8TI8. L-M. 8WA^

WAL8TUN

FRXD.

llHOWN.

11.

A.

IlKKBtKT P. BUOWN.

IT.
11. 11.
.v.i.ninuum, D. C.
U. 'l'itAviitii,t<p«ciul Partner.

Wm.

MarcmsoRS to
A.

BBOWN.

No.
BRAvrn orriccai '*'
BKA.-irH orriOMJ^y
Buy and

aell

Seeurli leeijUaa (ImlB an
Prtvnte Telenruph wi
ton. Haltltnnre. Wunhlr

Boston

Are..

'•"'"•'

Kew

Tork.

lOtUSl., Wa.hlngU>n,D.C.
nil claaiee of lUllroad

on MmmisHinn
i

'r. .^'

i

.

.i.

,„.

-iphlR. Wllmliyr-

''rt,N«w]IttTeD,

i.

&

Simons

With

I'rlvulo

Wiius

t.i

•

LONDON, ENGLAND.

I

8.

NBW YORK.

STOCK BROKEHS,

^ANKKRS AND BROKERS
No. 8 WALI. 8TBBBT.

Bought and bold on CommlHion.
J AH. O. 8IHON8,
BKVKRLT CRIir.
Uanber N. V. dtock Bxehange.
Mainbar N, Y. Produoe Kiottanm.

Simon Borg
No. 8

WALL

&

.STUEE1-,

DBALKUg

Co.,

NEWT YORK.

Ballroad and Inregtmeiit Secnritles.
BOPTHEBW

BBOIIklTl iai

AVOVSTINE HEARD,
39

OF

IN ALIi Kl^fB8

NASSAr STRKET.

Loans on Railway aiH)
Purchase and sale of ^
MorteaKQ. General flnan

on Bond and

^

^^Kjeifltt

MEMBER KEW YORK STOCK EXCHANGE,

gauti^ics.

FRANCIS PAY Y.

Lapsley
York.

W. H. Goadby &

Co.,

BANKERS AND BROKERS,

No.

ter of

pannaDts of Interest on Loans, DiTldauU oa

Bank

New

Cable Addreae-PATT, LoirsoK.

Capital,

•

-

.

.... $6,000,000
•-.... 1,600,000
400,000

Paid-up Capital,
Reeerve Fund,

Transact a general banking business. Issue Commerelal credits and Bitlsof Exchange, arallable In all
§« rts of the world. Collections and orders for Bonds,
tooka, etc, executed noon the most favorable terms.
FRKD'K F. LOW,
)

P.N.

WTALL STREET,

8

approved Ballwars, neKOtlatee and

laanea-Louu on the London Market, aeu as Agait tor

NEW YORK Agents,!. AW.SellgmanA Co.
Co., BOSTON Correspond'ts, Massachusetts N. Bk Railway Debenture Trust
4atl>orlzed

&

BANKERS AND BROKERS,
No. 11 AVALL STREET,

New

Bag., M«iui«1ac Dlreetor.

This Companjr nodertakee the bnslness of Trutco

DRBXEL BUILDING,
Anglo- Californian
(LIMITBD).
New York.
LONDON, Head Office, 3 Angel Court,
STOCKS AND BONDS BOUGHT AND BOLD
SAN FRANCISCO Office, 422 CaUfomla St.
8TBICTLT ON COMMISSION.
6«

Howard

Lawrxxci yucho, Bart.

or Registration of. Stocks In London, or otberwlie.

TH B

BANKER AND BROKER,
TO

L

Railways and other Corporations, either In tbe mat*

A SPBCIALTT.

W. M. EarI7~~
M

C. 8.

O.C.M.O,lt.C. B..ll.jr
Bib Chablis

to lioanj of

tiible securities,

'

M. P, Olutlnua.

8tB HmniT DBUMMoin) woltf,

Traaaatt a iieneral Banklns Buslneu, Inolndlnn tbe
Pnrchase and t<ale or all Securttlee dealt
at tbe
New York Btock KxchHnire.
Interest allowed on deposlte subject to slsbt draft
C. B. CAiDwwj.
LAHaqracWAjaBrTBir.
Chab. J. '''owvatKD. Member N. Y. Stock EiohanB*

m

Stq.,

Maux>ij< A. LAnro, Bs<i.
Joan PiNDXR, Biq., M. p.

TOW\SE2«D,

SBzebanKe Court & 63 Broadwa]r,N.T
^8. UoTarnment Beooritles
fltooke. Bonds and V.

LAINS,

OXNKBAL HlKRT UoPKimoK,

WASUBVRIV &

CALDWEI.,!.,

DIKBCTOnS:

IMOKB,

liiluls.

WAJLI. ST.,

"^No. IT

Capital Paid Up, *fl7I,360 StorUa*.

•

(111'

i'lllI,AUMJ,l>IIIAniiil III

Chew,

(LIMITHO),

BANK Bi;iLOINa*

No. 4

unii IMltMburi,',

Walston H. Brown & Bros John H. Davis & Co.,
B.\NKF.nS AND BROKERS,
Oo aBtrlclly Coniinliialoii niiMlnea* Im
BACKERS,
STOCKK, ltO>UN
VI!V,
no. 30 NASSAU STREBT,
NEW YORK.

^aufeew.

llINUr

VOIiK,

BANKKUS AND BUOKKKS,
VrOOI»

:

COISPANY
No. 4 B|AN.K

Cashier.

Same

Director$ as the Railvay

The City Bank,

Yorfc.

BVILDINOt^

LONDON, ENGLAND

•**"«««"•
IGNATZ STBINHART, J „

WLIBNTHAL.

(LIMITED),

Share IViwf

Company (LimiUd).

(LIMITBDJ

liONDOiV, E]VGLAIVD.
Anthorlzed Cnnltal,
«4,000,000
8nbi<crlbcilCn|iltaI, .
4,UU0,U00
Pald-Up Capital,
I.UUUIUUO
Ueserve Fund, £300,000.

CAPITA L PAID UP,

.....
......

No.

c?G Co.
BANKERS,
18 WALL STREET,
New York,

Tnuuact a General Banklnx Builneu, Ineladliui
the poretuue and sale of STOCKS and BONOS tot

oau

or on marirln.

Bar and

luTeatment Seearltlee.
P. O. BOX 2,847.
Waylawd Trask. h. J. MoBsa.

HEAD
Bond

OFFICE, THREADNEEDLE ST.
BEAJICHES

Street,

Lndgate

Paddlngton,
Aldgate,

The Bank. while conducting the general bnstneaa
Bank,
of London Bunkers, gives special attention to the
Agency of Foreign and Colonial Banks.
A. o.

KENNBDY.

Hong Kong &

Manager.

Shanghai

BANKING ASSOCIATION.
Paid-up Capital
Reserve Ij^ind
Reserve for Kf^uallzatlonof Dividends
Reserve Liability of I'roprietors

ISoodtft
K

^

E RI4

So.

as Broadway,

cor. Exchange Place, N. Y.
Branch Office, fiS La Sallo St., Chicago,
TRA.NHACT A GKNKUAI. BANKING BUSINKSS
INCLUDING THK I'UIU llASB AND SALE Ot'
STOCKS AND niJNDS Foil CA.SU OK ON MAR
OIN. BUY A.ND SKLI, l.\ VKSTMK.NT SKriilU.
T1B8._ INTKHEST ALLOWED ON DKPOSITB
- -SUBJECT TO CHECK AT SIGHT.
P. O. Box 447.
„
_
D A. BOODT.

»7,500,000

on the Stock Exchange.

Negotiate Railway, State and City Loans and
leane Conunerolal Credits available In all parts of
the world.

De Twentsche

....

Bankvereeniging^

.

C.

W. MCLILLAN, JB.

Manila, Hong Kong, Fooctaow, Amoy, NIngpo,
Shanghai, Hankow, Yokohama, Ulogo, San Francisco

BANKERS,

Broadiray.
STOCKS, BONDS d OOMXBROIA.!, PAPER.

Stocks and Bonds bought and sold on commission
at New York Stock KiSiange. AdraucM
iSde SS
bwlneif paper and other tecurlUM. """^ "»<• on

TUWNSEND.

Bank of

Agent, 47 William St.

Australasia,

(INCORPORATBD

1888.)

4 Ttareadneedle St., London, Encland
PAID-UP CAPITAL, ii.aoo.coa
Guarantee and Reserve Funds. jnSB.OOO.
Letters of Credit and Drafts Issued on the 110
branches of the Bank in the Colonies of Qdeenaland.
New South Wales, Victoria, Bonth Anstrula, Tasmania and

CNITEDBANK BUILDING,
W^all Street, Corner

BLIJDENSTEIN & CO.,
AnSTERDAM, .... BOLIiAND.
B. W.

and London.
ni.

New

Zealand. Bills negotiated or sent for
Collection. Telegraphic Tmnsfers made. Deposits
received in London at Interest for fixed periods on
terms which may be ascertained at the offloe.
PRIDBAUX 8IILBY. Seeiwtary.

TVRIVER

A. P.
so

A.

CO.

TIIUEAD.VEBDLB BTRRBT,

BSTABUSHID

18S1.

Sobeorlbed Capital, 8,000,000 - OnUders (|S,900,(M«.->
"
Paid-up CaplUl, 7,871,100
(ta.l48,44a-)
Reserve Fund,
849,80387
(|S3».»4BJO

-

Head

Amsterdam.
BRANCBXa
LandoB-SZCHANaB A INYB8TMBNT BANK
Office,

w. BLxyoaifsmK A Co,
* M Tineadneedle Street. Ka
Kolterdam-DBWISSEL-en KFFBCTKNBANK.
EBaellod»-B. W. BLUDEN8TB1N, JB.
B.

Noa. S6

Alneloo-LBOBBOBB A

CO.

Transact a general Banking and Commission
nsas I9 Bills, Stooks, Shares, Coupons, kc

LOIVDON.

umnna New York stock Kxcfaange.
HXMBIM ( ruiadeipUa stock Kzebange.
J

Co.,

4,-»'i00oo

400,OiO
7,900,000
The Corporation grant Drafts, issue I.«tters of
Credit foruse of Travelers, and negotiate or collect
Bills payable at Bombay, Calcutta, Singapore, Halgon,

A.

&

Corporations, arms and individuals, upon favor
able terms; alao orders for the porobase and
sale of Bonds, Shares, Ac., &Q,, on Commission

.•

BA N

Brothers

L,Oin>ON, EltfOLAlVD,
Elicit accounts and agencies of Banks, Railways.

OldTBtreet,

London.

Sell

A. U. BUddkk.

Blake

Tottenham Conit Road

Hill,

Knlghtsbridg

HolDom,

witli Snrplngy

iei,916,666 Sterling.

BosU

NBW ToBS coaaBWORnBTs
Messrs.

KNAUTH, NACHOD * KUHNE:

;

:

THE CHRONICLE.

IV

^&m

"^OVtiQU %UVLkl^V3,

&

L. de Steiger

Co.,

^nQlmi& ^mxkexs.

&

FEANKFOKTON-MAIN, GERMANY.

-

-

SURPLUS,

-

-

-

No*.

)

Aeants

Chicago and tbroughout the

No. 22 Abcharch Ijane

Office,

Merchants Bank
OF CANADA.
•

HEAD OFFICE, fflONTREAI..
QEOROE HAQUB, General Manager.
J. H.PLUMMKR, Assistant Oeneral Manager.

all parts of the world, makes collections In Canada
and elsewhere, and issues Drafts payable at any of
theofflcesof the.bankin Canada. Every description
ef foreign banking business undertaken.

Wiibour, Jackson

Swan

>

JB.,

-

-

-91,500,000
$678,000

8.

HOWLAND, Prest.

D. R.

WILKIE,

BRANOHMS:

BOSANQUET, SALT & Co., BANK OF MONTBEAI.,
59 Wall street.
73 Lombard Street.
Promptest attention paid to collections payable in
any part of Canada.
Approved Canadian business paper dlsooonted at
the Head Office on reasonable terma, and proceeds
York.

Jos.

North America,
STREET.

Sterling Exchange and Cable Transdrafts on Scotland and Ireland;
fers. Issue
also on Canada, British Columbia, San Francisco and
-Chicago.
Issued in Pounds Sterling
available in all mirts of the world.
CIAL. CREDrrrS IS.'SUED fur use In Kurope.
China, Japan and the East and West Indies. Also,
Jt
In name of
LiuiTED, available in the Brazils, Kiver
Plate, &c
md
banking
tra
Bills collected and other banking business transsell

demand

CIRCULAR NOTES

BANK

COMMER-

NEW LONDON

BRAZILIAN

D. A. MCTAVISII,

1

H.

acted.

134

Gzowski

&

.„-„,,
Agents.

Buchan,

TORONTO, CANADA.
oial matters.

Correspondents— Bank of New York, New York
Kwi Alliance Bank, London.
»

%zw

%VLQ\nuii

Satifejeic?.

ESTABLISHED

BALTIJtlORE.
and SOUTHERN SECURITIES

And

&

Fisher
BANKERS,

COMMISSION STOCK BROKER,
No. 4 Excbange Place, Room No.

4,

SIASS.

MEMBER OF BOSTON STOCK EXCHANGB.

,

fui.

Sons,

all

commercial points

inD,,

in the country.

C. T.

WALKIB

Cashier.

lirrXI^E

BOCK, ARKANSAS.

Capital (Paid In)
Prompt attention

-

-

-

-

9300,000

(riven to all busine«R tn

our

line.

CoKKESPONDENTS.— Importers' & Traders'
Nftttonat Bank and National Bank of the Kepublto.
N. Y.

^

George

&

Eustis

Co.,

BANKERS.

J^^^JCtt0tx

^aUs.

STOCKS

and

BONDS

At Auction.
The Undersigned hold REGIILAR AUCTION
BAJJSS

of all classes of

STOCKS AND B O D S
IV

Es-

pecial attention f^iven to purchase and sale of VlrKinla Consols, Ten-forties, Deferred and all issues
of the State, and to all classes of Southern State,
City and Railway Securities. Correspondence solicited.

I

J

German National Bank,

33 SOUTH STRKBT,

Have Western Union wires in their ofBces, bj
means of which immediHte communication can be
had with

STATE BANK.
Incorporated 1875.

X Co.

Securities,

BALTIMORE,

j

1

Fonis,

CINCINNATI. OHIO.

Dealers In Governments, Stocks

and Investment

Co.,

OLIVE STREET, ST. LOUIS,
Dealers In "n^esteru Secarltles.

*

specialty.

Wm.

&

Keleher

F.
805

D. G.

Co.,

and information
. „

Itm.

Defaulted Bonds of Missouri, Kansas and Illinois a
pecialty. Oood Investment Securities, paying from
to 10 per cent, for sale.

INVESTMENT

N. Y. Corroapondenta— MoKlm Brothera

Dallas. TaiAB.

Wall Street.

of Baltimore Stock ExchanRO,

Correapondence Bolicited

Mortgage

4i<S

TRANSACT A OBNERAL DOMESTIC AND
FOREIGN BANKING BUSINESS.

&

&

Transact a general Financial and Agency Baslness ta
the State of Texas and Europe.
New York Correspondents: C. B. WELLBSLKY,
Oeneral Man^wer.
Blakk Bros. & Co.,

P.

Robert Garrett & Sons,
BANKERS,
No. 1 SOUTH _TREET,
BALTIMORE,

Members

THE

COMPANY LIMITED,
(OF LONDON, ENGLAND),

President.

Wilson, Colston

entire issues receives special stten
you wish to buy or sell.

Texas Land

SOUTH THIRD STREET,

Oppobiib Sbookb St

Samuel G. Studley,
BOSTON,

BOBXBT M. JAXNST.

nisned.

to collections and all fluan-

Town, Setaoo
and Car Trust Boa«ht and Sold.

State, County, City,

if

BANKERS AND BROKERS.

STOCK AND EXCHANGE BROKERS
AND GENERAL AGENTS,
Prompt attention given

CHESTNUT STREET,

Sattim0re ^VLutsxs.

J

STIKKMAN.

Write us

r;lon.

PHILADELiPHIA.

or

No. S2 1VAI.I.

D/^XTT^Q
DUIN JJO,

%-eiuktxs.

BANKERS AND STOCK BROKERS,
No.

Bank

Buy and

DEARBORN STREET,
CHICAGO, ILL.

No. 176

M. Shoemaker & Co.

AGENCY OF THE
British

W. Harris &

Co.,
INVESTMENT BANKERS,

Gerlach,

SHOEHAKIB.

Vioe-Prest

St,

Vinrinla Bonds funded under the Funding Act
passed by the last Legislature, for yi per cent commission.
New North Carolina 6 per cent bonds,
secured by lien on the State's stock in the North
Carolina Railroad, for sale.

I^.

Orders executed by private wire In New York, Boa
ton and Baltimore.
Drafts issued on all principal points in the United
S'ates and Burooe.
JOS. U.

President.

K. Scott,

'Wi&stzxu gttu^crs.

BANKERS AND BROKERS,
No. 322

BRANCH,

RICHMOND, VIRGINIA.

I.

The funding of

&

P.

Frkd.

CO.,
BANKERS AND COMMISSION MERCHANTS.

PHILADELPHIA.

Port Colbome, St. Thomaa, IngeraoU
Welland, Fergus. Woodatock, Winnipeg, Man,,
Brandon, Man.
Dealers In American Currency 4 Sterling Exchange.
Agents In New York:
Agents in London

JOHN

Cash.

THOMAS BRANCH

Dealera In Government, State, CountT, City and B«U>
road Bonds, Bank Stocks, fto.
r>asirable Investment Seouritlea constantly on hand

Cashier

Bt. Catharines,

New

;

John F Glbnn.

186 middle Street,

HEAD OFFICE, TORONTO.

ramltted by draft or

made on all Southern points on best
prompt returns.

Collections

terms

PORTLAND, niAINE.

Narr

c.

narts of the United States

all

MERCHANTS' NATIONAL BANK,
RICHmOND, VIRGINIA,

AND BR0KBR8,

^cttttstjXuattia

..-...-

H.

made on

Collections

& Barrett,

.™_.,
Agents.

(

all

BBNJ. A. BOTTS.Pres't
A. K. Walkxb, Cashier

iriLiniNGTON, N.

Bealen In Commerctal Paper, GoTemment and
other flrst-clasB Bonds and SeourltleB and Foreign
Bzohangft.
Private Telegraph Wire to New York and Boston*

BANKERS

on

National Bank,

First

& Co.,

R.

W.
Weems.

H. BCTBBcss, Prea't.

BANKERS XND BROKERS

PROVIDENCE,

collections

F.

WBBMS. Cashier.

B. F.

Co.)

WETBOSSET STREET,

Imperial Bank of Canada.
OAPITAI. (paid np),
8VRPI.VS,

Bwnra &

Texas.

attention to

Botta. Pres'ti F. A.Rlce.
B. Botta, Bob't Brewster, S. K.

Baldwin,

IVitll Street.

HENRY HAGUE,

HARRIS.

five

DtBiCTORS.— Benjamin A.
C. C.

cbahlis h. Shcldoh, Jb.
Joshua Wilboub,
bxnjahih a. jackson, wuxiah binhst, jb.

The New York Agency buys and sells Sterling EiObange, Cable Transfers, Issues Credits available in

B.

Co.,

Dealers In Montctpal, State and Railroad Bonds.

BANKERS;

•TOHN

Houston,
Wa

STATE STREET,
BOSTON, MASS.

XiONDON,BNG.— The Clydesdale Bank (Limited.)
KBW YORK—The Bank of New York, N.B.A.

61

OF HOUSTON,
CAPITAL, $600,000,

No. 40

•

New York Agency, No.

THE CITY BANK

BANKERS AND BROKERS,

S3

$6,700,000 Paid Up.
$1,250,000
Prealdent, ANDREW ALLAN, Esq.
Vice-President, ROBERT ANDERSON, Ba<)

Capital,
Reserre,

;

special
acceaslble points.

&

Dupee

(Formerly CSAS. A.

Dominion of Canada.

tiondon

Correspondents.— Bank of the State of New York,
Louisiana National Bank, New Orleans
Bank of Liverpool (Limited), Liverpool.

New York

and United States Bonds.

Perkins,

Alabama and City

State of

sell

of Mobile Bonds.

Dealer* In mnnlctpal. State, Railroad

Sterling Szchange, Franot and Cable
Tranafera; grant Coimn«olal and Travolers' Credlt8>
arailable In any part of the world; Issue drafts on
in,

payment. Buy and

CONGRESS STREET,

AI;80,

Bar and leU

«nd make colleotiona

mOBILE, ALABAniA.
Special attention paid to collections, with prompt
remittance.'* at current ratefl of exchange on day of

Monhenny, B.

NEW YORK OFFIOHS,
S9 & 61 W\.1a1a street^
WALTXB WATSON,

Estabrook,

BOSTON.

«. F. 8MITHI;R8, President.
W.J. BUUHA»A2f, Seneral Manager.

Co.,

BANKERS,

MEIIBEB8 OF THE NEW YORK AND
BOSTON STOCK EXCHANGES.

9ia,000,000, Gold.
$6,000,000, Gold.

-

&

Thos. P. Miller

BANKERS,
No. 85

Bank of Montreal.
CAPITAI.,

^onthttu gaw^jevB.

Cobb

Brewster,

BANKERS,

^ViUViAinn gau^^rs.

[Vol. XL.

OH

WEDNESDAYS AND SATURDAYS,

ADRIAN
No. 7

H.

SON,
NEW YORK

1IIUI..IJGR &.

PINE BTEEE^

I

:

'

April

:

:

THE (IHRONICLE.

11, 188Sb]

Srttst ©ompanijCB.

l^iuauciat ^ompvmits.

ShpiecUa ItttiestmnitB.

United States Trust Co.
OF NSW rORK,
No. 49 WALL STRBBT.

AMERICAN

Geo. H. Prentiss & Co.,
No. 4* WAI.L ffr., NBW YORK,

rapltal,

•

-

Barplua,

•

-

•

•

•
•

FINANCE COMP'Y,
PINE

$9,000,000
8,541,608

-

JOHN

INTKKKST ALLOWKD ON 0KP0S1T8.

which niaj b« made at any time, and withdrawn aft«r
be enUUed
re da<r>' notice, and will remain with to Intereit for
the oompanr.
the whole time lh«T mar
Kzeoutort, admlnlitratorB, or tmiteea of eetatee,
and females anaocustomed to the transaotlon of biulnaee.aa well aarelUluus and bonevolent Initltatlona,
wlU find this company a convciiitiiit depository for
JOHN A. aiKWAUT. l>realdent.
BODey.

Ings Banks, Insurance companies, Executors
TruBtocs of Estates, and Individual Investors,

Ckarle.^

Wllnon u.

UNITED STATES BUNDS, SUte

I'helps,

bought and

S.M.KucklnKh^m;1ieorKO Biles
William LIbbay,
II. K. l,awrenco,

Clint. >n tillbert,
Uanitil 1). Lord.

and Railroad Companies negotiated or collected.
CALL AND TIME LOANS made On United States
Bunds and good Municipal and Railroad Bonds.
FINANCIAL AOENC Y for railroad companies and
other corporations. Will also conduct the reorganisation of railroad companies and other corporations
whose bonds are in default or whose property Is In
the hands of Receivers or Tnuteee.

DKPAULTBU

W.

Ilayard C'uttliiu.

HRNRT L. TlloRNBLI,, SecretarT.
LOUIB 0. HAMPTON.

Assistant Baoretarj

The Union Trust
AND

Co.,

sold.

IIUNDS of StMes, Mnnlclpalltles

RAILROAD LOANS negOtUted.

CUK8TNUT 8TREKT.

613

Circulars on application.

PHILADKLPHIA.

Anthoiised Capital
$1,000,000
500,000
Paid-up Capital
Acta as KxQt-ntor, Administrator, Assignee, etc.
mod executes trusia of every description known to
tbe law.
All trust assets kept separate trom those of the
,

Company.
Burslar-Proof Safes to rent at $5 to $60 per annum.
yfWH kept In Vaults wlth«>ut ohartte.
Bonds. Mocks, and other valuables taken under
guarantee.
PnintinjiH, Statuary. Bronxes. etc., kept In FireProof Vaults.
Money received on deposit at Interest.

JA8. l.OXO.

MAUJ.ON

JOHN «. RKADING. V.-Pres*t
ST(>KK>, Treasurer* Secretary.
PATTKHSON, Trust Officer,

Prea't.

Dtrbctohs.— JamoB

LuiiK, Alfred 8. Glllett. Joseph
IJr. riijirles P. Turner, William S- Price.
John r. Munroe, W.J. Nend, Thomas K. Patton, Joftn
G. l.c-flM-;;. ,(:i-^. '^. Miirtin. T>. Hjivr^ Aj^new, M. D.
•

'

-

:

—

••

'

•'

.i

I

1
1

.
,

A
K

lnuuu.n;

!'•

ijna.-'.

>Y

.

1,

;

'

florC. Kntrel.
li.
I'urkins,
ivii^Dl.t;. Pa.;

1.;

J.

Simpson

Heauino;
W. 11. Uavis,

auiiry 6. tJckert.

MiFfi.iNT()W.s

'.<ty.

VV,

;

WkST Chebti;u

n; U. K. MoniiKhan,
ooper, AUjKNTOWM,

Cash Capital, $500,000.

In

the

it is the only Company organized In the United
States devt>ted exclusively to Suretyship, and with
all Its assets invested in (liis country.
It gnariinteos the ImrMstv oi" OfBeers
I'.

cori)orations aiKl I'lish
of trust ani pert-K I). L. SWKi:
IIKNKV K. V\'

:

and Em-

Kiph, Telephone
ms employed by
elding positions

-

GDDFHKV
IJASCOVl

s,

Boston,
-1. Louis.
iranclsco.

,t

..

Ml

Bonds

<>i f-9111-et J ship.
BuantEsa.

NO OTBER

;

The Onarantee

Cor. of Monta^tie 4 Clinton sts., Brooklyn, N. T.
Thia Company Is auttiurised by special charter to
act as receiver, trustee. Kattrdlaa, executor or adulnistrator.
It can act as anient In the sale or nuuuMtenient of
real estate, oollect Interest or dlvidMds, receive
reifiitiry and transfer books, or make porohase and
sale of Government and ntber securities.
BelLKtoas snd charitable institutions, and persons
nnaccui^tomed to the transaction of business, will
And this Companv a sufe and ct>nvenient depository
KIPI.EV ROPKS. President.
for money.
KUMU.NI> VV. <'oK^iKd, Vlce-Pres*t.

TUUSTKKg:

Henry K.Sheldon
D.Wood.

K. F. Knowltun,
John T. Martin.

C.

Fred. Cromwell. Henry Sanger.
Wm. H. Male.
P. Kolle,
Mlch'lChaunoey.B W.Corlles.
Ripley Ropes.
Wm. B.Kendall. IL K. Plerreoont,
Ja«. Rosa CURKAN. Secretary.

Joun

Co.

OF NORTH AMERICA.
Cash Capital
Cash Assets

Metropolitan Trust Co.,
MUla BuUding, 35 Wall Bt„ New York,

PAID UP CAPITAL,

$1,000,000.

DealKnatad a« a lesal Depository by order of SaInterest,

or transfer a«ent, or trustee for corporaMoBs and accept and 4sKecut« any letral trusts from
persons or corporatl.jni on as laToruble terms as
other similar oomuanles.
HILLHOU8E, President.
FKUUKKU: I). TAPPKM, Vice-President

aet as

flaoaJ

TUOMAS
WALTKR

John

J.

BKITTIN.

B.

Seoretjiry.

Manning,

BANKKR AND BROKER,
Ro. 6 IVall Street,

New York

SOUTHERN SECURITIES

Oltr,

A SPECIALTY.
Btate. Municipal and Kallwav Bonds and Conpoi s
bought and sold at best market rates. Investors ci
dealem wlshlog to buy or sell are Invited to communu
eatu with us.

Member

of the

New Tore StocK BxcnanRe,

:

NEW YORK

OFFICE

TOPEKA, KAIVSAS.
!

corporation law and monlclpal

n. n.
tmnif

.)

4

<

..

J.
Co.,

Brewer, 0.

Kew

9.

irork;

Circuit

Kastem

DBALT

216

3X0, H. PBBirnss,
Member M. T. Stock

Commercial

firms,

w. w.

WALn

zehaom.

Investment Securities
BOUGHT AND
WANTBSt

SOLD.

Rome Watertnwn ft f igdensburg Ists and 8da^
Oswego t Rome Bonds.
Jollet &, Northern Indiana Bonds.
Grand Rapids i Indiana Bonds and Stock,
Detroit Mackinac k Marquette Bonds.
ALBERT E. HACHPIBLD,
No. 6 Wall Street.

Farm Mortgages
lb Sums of $100 and Upwards on Indiana and Ohio Lands.
NOTHING SAFER. ALWAYS PROMPTLY PAID
8E.VI) FOR PAMPIILKT.
JOS. A. nui»RE,
84 East Market St.. ludianapolla, Ind

Atlantic Mutual

Scrip.

baring Pcrip of the Atlantic
Mutual laiiiiranoe Cotupauy or who will have
it In Ma.v, can find bnyers by consuUing
Meielianta

,

J.

WlXTRIXCII.^n,

P.

New York.

3G Pine Street,
TEU.EPnONE CALL, DSi JOHN.

E.

S.
7

Bailey,

PINE STREET.
DXALIN08 IK

INSURANCE STOCKS
Cash paid at once for the above aecnrltlee ; or tkar
w II be sold on commission at seller's option.

H. L. Grant,

CO.,
BROADWAY, NEW YORK-

oanles. Institutions and

IH.

BBB GAB QD0TATI0M8 IN TUIB PAPMB.

No. 145

Officials of Banks, Railroads and Express Companies, Managers, Secretaries, and Clerks of Public Com-

can obtain

from this Company at moderate charKCs.
The bonds of this Company are accepted by courts
of the State of New York,

BROADWAY,

NEW

YORK.

CITY RAILROAD STOCKS &
BOUGHT AND SOLD.
See Quotations of City Railroads

BOND*

In this paper.

CASUALTY DEPARTMENT.

Policies Issued a^fainst accidents causing death or
totally disabling Injuries.
Full information as to details, rates, &c., can be
obtained at head ottice, or of Company's Agents.
Wm. M. Kkhauds. PresU John M. Ckani, Sec*y.

jl^te^mships.

ONLY

Kob'tJ, HiLL,A8.As8't Secretary.

DIRECTORS:

Goo. T. nope,
G. a, Willlanis.
J.S.T.Stranahan,
A, B, Hull,
Geo, a

W.

David Dows,
A,

8.

G. Low,
Charles Dennis,

Barnes.

H. A.Hurlbut, Alex.
J. D,

Vermllye,

.Mitchell,

Direct Line to

France^

Chittenden,
M, Richards,
8. B.

Coe,
Wm,
GENERAL TRANSATLANTIC CO.
mAAIUATTASr
Between NBW YORK and HAVRE.,
Safe Deposit& Storage Co From PUr (new; 42, North RItw, foot of Morton St
Travelers by this line avoid both transit by BngUsb
railway and the dlscomforu of crossing the ChaaDel
846 & 348 BROADWAY,
In a small boat.
,..«..«.
,

Comer of l»onard Street
NEW YORg
Safes to rent from $10 to $200 per year,
AND CAN BK RK.NTKD FOR A
OR :>H>NT H.
PA Y

WEEK^

Bank of

ti,

-i

VOTm

li uiiaio,

CAPITAL,

$300,000

BUFFALO,

K. Y.

facilities for making colleoon all accessible points in the United states,
Liberal terms extended to
Canada and Rurope.
aooounte of bankers and merchants,
CORRERPONOCNTii.— New York, National Shoe A
Leather Bank Union Bank of Loodon,

This bank has superior

tlons

HinMJen. t, A. Oshom, Boston, aad the
Bank of Topcka.Topeka, Kansas,
liHiikii'j;

BROOKLYIV SECURITIES

FIDELITY A CASUALTY
Nos. 814

Bond»-

ALL Kuroa or

A SPECIALTY.

D. J. TOMPKINS, Secretary.
Niw York DiiiEtrruRS-Joseph W. Drexel, A. L
Hopkins, H.Victor Newcomb.John Paton, Danle
Tcrrance, Kdw, F. Wlnslow, Krastus WIman,

WU,LIAM0.COR.N>

n.

Railroad Stocks and
AiTD

BROADWAY.

NO. Ill

Bbirmak S. Jxwrrr, Pres.

Fabius M. Clarke,
ATTORNEY AT LAIV,

r..— ...n,,^™i

Street

|SOO,000
400,000

Deposit with Insurance Department
'i 14,000
President
Vice-President
Sir alkx. T. g.\lt.
Hon, Jas, Fkukier,
Managing Director Kdwahd Rawlinos,

BONDS OF SURETYKUIP

preme Court, Reoelre deposits of money on

AKD

GAS SECURITIES,

Chicago

ihKlolphla

.%!'

BKOWN.CIt.VP

rhe Brooklyn Trust Co.

Joslah O. Low.
Alex. M. White.
A. A. Low.
Alex. Mct^ue,

''ourts.

BROOKLYN.

Rrr.,

STOCKS

€>AS

QeDoral OIHco, 1(J0 Broailwiij', New York,
RicH'D A, El.mkr, Pres't, Lyman W.Bkiggs, V.P
This company will act as surety on Bonds required

and Exoress Conipanl-

WrlKlit.

J'

American Surety Comp'y

ployees of Railways,

S.

R.

1).

nONTAGL'B

Bonds, Munici-

pal Bond.4, Railroad Bonds,

GeofKC T. Adee, Isaac N. Phelps. John C. Brown,
KraHtus Cornlns.'Kdward Cooper.
Bamael Hloan,

011

and

UobU B.MIntum
Astor,
__.
John A. Stewart, Geo, II, Warren,
,;.jhn J.

:;

.Macy,

11.

Chittenden,

Jobn H.Khoades
vvilliBJamea, Anson P. Stokes,

w.

ThomHWni

8. B.

IjOW,

SOS

SOUND IMVE8T1UCNT BONDS furnished to Sav-

TRvsrias:
*HIufl(l

C,

Authorized Capital Stock, $1,000,000.
Paid In
600,000.

WILLIAM 11. MACY. VIoe-Preeldent.
JAMES 8. CL A KK. Second Tloe-Prmt

'.

AHB

SHORT
President
FRANCIS A. WHITB
let Vice-President
JAMES 8. NEULl!T.....>....^..;.MTIo«-Pre<ldent
TIIKO. B. TALBOT
Sd Vloe-Presldent
WM.P, WATSON
Beo>y and Troas,

Thia oompanj la leml dciMMltorr (or monari paid
Into ouart. and li aututirtied to act ai Kuardlan or
rvoeWar uf e«tat««.
_

Dan. n.

NEW YORK.

ST.,

;

.

.

Wed., April 15. 5 A.M.
ST. (JKR.MAlN, Traab
Wed,. April », 11 A. M.
OLI.NDE, U.idrUtues
Wed.. April W. B A. M.
NORM AN DIE, Frangeul
ST. I.AURE.NT, Ue Jouss«Iln..W<Hl., May •, 10 A, M.
PUfCi or Passaqb (Including wine):— To Uavre—
First cabin. flOO and tSO second cabin, tOO; steerage, t26— InoludlDg wine, bedding and utensils. Return tickets at very reduced rates. Checks on Banque
Transatlantiqua, uarre and Parl,sin amounu tosalt.
;

Harre to ParUi.
The OtmpagnleGenerHloTransatlsntlqne delireie
..

Special Train fVoni
at Its office IB New York
Uavre to Paris. Baggav
without examination al

'

'

••,

•

tickets irosa

.\>u«htoP»g»

Mp

i

have the same delivered

i«d pe s s im
i-ani s dock lb
of Sffston St.

York. Pier 4a North lli».r. f »
at least two hours before the departure ofa steamer

New

'

LOUIS

DE BBBIAN,

Acent, ,
No. • Bowline Green.

THE CHRONICLE.

VI

M>viici^l Itxwjestmjettte.

"^iuKUtivCL

New England
Mortgage & Investm't Co

[Vol,

3RE3XOVA.L.

CA PITAL, |150,0«0.
ISOORPORATED.
Offers carefully selected Iowa and Eastern Kansas
F>arm Mortgaires. Interest « to 8 per cent. Security
three (3) times amount of Loan. Also for sale 6 per
cent Debenture Bonds, secured by three (3) times
their face value in Guaranteed Iowa Mortgages. All
security personally Inspected. For particulars or
ENGLAND MORTreferences address the
GAGE & INVESTMENT CO.. DeS MoiNES, lowa.
F. M. Mills, President.

H.

J.

(Now

7

o(

First National Bank, Corning, lOTra.

ticulars as to loans, references, etc. Interest from
date of receipt of money,
C. Norton, Cash'r. Lew B. Darrott, Pres't.
Refer to
GiLMAN, Son a Co., Bankers, N. Y. City,

Merchants' National Bank. Chicago, UUnois

Minneapolis, Minn.
•

Ol
C11 f CriOnS

Special attention given to
collections and Kemittan-

59

WUUam St.)

SEAIiBD PROPOSAIiS

WALL
THE

City of Cincinnati,

Dayton & Ironton RR.Co

Or less, at the option of the city, at four (4) per
centum per annum interest, p>iyabie semi-annually,
such bonds to bear date of May l, 1885, and to be
redeemed at any time after ten (10) years, and payable at the expiration of twenty {'dO) years, from such
date, accrued interest from date of bonds Xb day of
payment to be added t(» the price said bonds to be
in all respects in conformity with the provisions and
requirements of the act of the General Assembly of
Ohio, bearing date March 11, 188n, and authorizing
their issue, principal and intTest, payable at the
American Exchange National Bank, New York.
The said bonds will be sold for not less than par,

MORTGAGE 6 PER CENT
FORTY-YEAR GOLD BONDS.
I8SUB, »l,7OO.O0O. LIMITBD TO $11,000 PER MILE
ARE OFFERED FOR SALE AT PAR AND INTEREST, AND FULL INFORMATION WILL BE
GIVEN BY
Tbe Corbln Banking Co., Neir Ifork.
inoriae Sc Bro., Boston.
E. Rollins
FIRST

Banking House of NEHER
NORTH
Troy, N. Y.
& CARPENTER,Reorganized
Established 1824.
Eastern Representatives
1868.
WESTERN o( the NORThVvESIERN
GUARANTY LO.IN CO.
>vuthorGUARANTEE of Minneapolis, Minn. Paid up
ized capital, ?2,000,000.

LOAN

Real Kstate
Mortgages worth from two to
four times the amount of mort-

COMPANY.

gage, netting investors 6 to 8 per
ct. Guaranteed by Co. Interest
payable at our Banking House.

capital, i?yOO,000.

THE ^VESTEKN

Farm Mortgage
I.A'WREIVCi:,

Co.,

KANSAS,

;

to the highest bidder.
The rigtit is reserved to reject any or all bids, or to
accept them to a part only of their amounts.
Proposals to be in writing, signed by the party,
sealed and indorsed "Bids for B'nds.'' and addressed
to the Hoard of Public Works, care of
h. O. KbUKLBV, Comptroller.

NASSAU STREET,
DEALSB

Bank
A

GEO. M. NOBLB, Beo
T. B. SWEET. Pres.
Is the oldest and largest institution in Kansas,
giving exclusive attention to the Negotiating of

CHOlCB FIRST MORTGAGE LOANS

at high rates

Of Interest. It has negotiated over Sr.UOO.OOO
of these loans for Savings Banks, Insurance Companies, Estates

and private

parties East.

Send for

circular.

Itttjeicjest^

§ivi&tn&&f

Set.

ATCHISON TOPEKA k SANTA FE
RAILROAD COMPANY.
I»IVII>]E:NI> No. 23.

A quarterly dividend of One Dollar and Fifty Cents
per shore will be payable May 15, 1885. at the office
of tlie Company in Boston, to stockholders of record
April 18, lw5, at close of business.
Tran.sfer booiis will be closed April 18, X885. at
close of business, and re-opened May 4, 1885.
The National Bank of Commerce in New York,
transfer agent, will pay the dividend to stockholders
registered In >ew \ ork.
The Merchants' Loan and Trust Company of Chicago, transfer agent, will pay the dividend to stockholders registered In Chicago.
GEO.

Boston, April

3,

1885.

L.

GOODWIN,

Assistant Treasurer,
65 Milk Street.

ST. PAUIi & NORTHERN PACIFIC
RAILWAY COMPANY, NEW YORK. April 8,
1885.--A dividend of ONE AND ONE-HALF
PER CENT has been declared upon the outstandinR
(IJi,)

Capital stock of this company, pavabic at the banking house of Messrs. WINSLOW, LANIER & CO.,
26 Nassau St., New York City, on and after April
15, 1885.

Transfer books

will

be closed from April 11 to 15th

i^H., inclusive.

GEO.

S.

J0NB8,

Treasurer.

:

nCARRIED GE:!irTI.EiaA|ir OF FINK

undersigned, at his
ing, Boston.

Care

J.

Flagg,
Reed
Duncan Building, Cor. Nassau & Pine Sts.

Monroe Taylor,
118 Water St.. New York.

KNTRANOB

Notice is hereby given that the uuderslKned, the
trustees under the mortgage dated May 1, 1881,
made by said company to us, to secure an issue of
140 bonds of $l,0(Al each, all of that date, have designated, and we hereby call in, for redemption, as pro-

PINK STREET,

B O IV 13

vided in the mortgage, all the outstanding bonds of
said issue, namely, bonds numbered as follows:
120
15
99
86
78
121
100
16
37
79
122
17
44
80
101
123
18
45
81
103
19
103
124
4fl
82
125
20
47
83
104
126
21
105
48
84
22
49
127
85
106
128
23
50
86
107
24
51
129
87
108
25
ISO
52
88
109
26
53
89
110
131
27
132
54
90
111
28
56
133
91
112
29
57
134
92
lis
SO
58
135
93
114
31
59
136
94
lis
32
60
116
95
33
73
96
117
34
76
97
118
85
77
119
98
Being one hundred and one (101) bonds of tl,000
each.
The said bonds must be presented and delivered to
Messrs. Winslow, Lanier & Co., bankers, 26 Nassau
Street, New York City, for account of the undersigned trustees, on or before the first day of May,
1885. The Interest on any bond not delivered by
that day shall thenceforth wholly cease.

Fifth

S.

Avenue

HOTEL,
Madison Square,

NEW YORK.

The Largest, Best Appointed and Most Liberally
Managed Hotel lu the City, with the Most Centra
and

Dellffhtf al Location.

HITCHCOCK. DARLING &

Moore

&

CO..

Schley,

MEMBERS NEW YOEK STOCK EXCHANGE
26 BROAD ST., NEW^ ITORK.
FrlTate Wire connection with PhUadelplila,
Baltimore and Washington.

&

Spencer Trask
Bankers,

Co.,

1884.

CHARLEMAGNE TOWER,
WILLIAM

8.

LANE.

)

Nos. 16 AND 18 Broad Street,

Trii.te..
Trustees.

j

THE
NOTICE.—Albany, UNION NATIONAI.
BANK of
in

Transact a General Banking Business

the
located at Albany,
State of New York, is closing up Its affairs, its corg orate existence having exi)ired at the close of
usiness on the seventh (Tth) day of March, 1885.
All note-holders and others, creditors of said association, are therefore hereby notified to present the
nutea and other claims against the association for

M

No. 11

BROKERS AND DEALERS

ERN PACIFIC RAILWAY COMPANY.)

payment.

Treasurer.

&

WESTERN RAIIiROAD COITIPANY
OF Ml.NNESOTA (now ST. PAUL & NORTH-

October 22,

No. 41 Equitable Build-

office,

HENRY McFARLANB.

"FAIRFIELD,"

turity in

XOFEKA, KAN.

offers to purchase, on or before June 1, 1885,
any or all of the outstanding issue of its Land Grant
Bonds on the following terms
Bonds of the series due and payable April 1, 1887,
104^ per cent and coupon interest.
Bonds of the series due and payable October !
1S8S, 107li per cent and coupon interest.
Bondsof the series due and payable April 1,1889.
lOSH per cent and coupon interest.
Holders are requested, in making terders. to state
specifically to which of the above-named series their
bonds belong, and should address their offers to the

hereby

business qualifications, thirty-sevens years old^
desires to locate in some small pleasant town. East
preferred, and secure an active interest with a priTtte or National Bank, in which he can invest ^50,000
to 170,000 cash. Correspondence Kuaranteed confidential and satisfactory references furnished.

Address

CO.

Treasorer'8 Office.
)
Equitable Building. Boston, April 1, 1885. S
The undersigned, on behalf of this Company,

44

Stock§, Insurance Stocks.

FARMS.

THE
Kansas Loan & Trust Co.

THE UNION PACIFIC RAILWAY

IN

CITY RAILWAY STOCKS
G^A-S STOCIiS,
TRUST CO.'S STOCKS,
TELEGRAPH STOCKS,

Offers to investors the best securities in the market.

FIRST MOKTUAGE LOANS UPON IMPROVED
Interest and principal paid on day of maNew York. Funds promptly placed. Large
experience. No losses. Send for circular, references
and sample forms. F. M. PERKINS, President; J. T.
WARNK, Vice-Prest.; L. H. PERKINS. Secretary;
CHAS. W. GLLLBTT, Treas.; N. F. HAET, Auditor.

21

BB

AVll^L

$236,000 Bonds of the

(MERCHANTS' BANK BUILDING).

No.

)

)

received at this office until April 30. 1^85, at 13
o'clock M., for the purchase of

STREET,

Tn\r^r1-mpr\f-c Choice Mortgages on IminVCJlIllCIlLo. proved City l-roperty.
Bank and Cher Stocks Bought and Sold.
BIiAKB & CO., Private Bankers,
Minneapolis, minn.
P. O. Box 320.

York.

Comptroller's Office.
CINCINNATI, March 30, 1885.

TO

Choice

Chas.

&

Will Remove on or about April 20, 1885

Safe Investments.
PER CENT BONDS and MORTGAGES NO. 42
KEGOTIATED BY THK

first mortgages in the best Farming Districts
in Iowa, Missouri, Kansas and Nebraska. Interest
paid at your own home in N. Y. Exchange. Twelve
years' experience in loaning for Private Investors
and Trust Funds. Send for circular giving full par-

57

New

the Important consideration.
We have been In active business for thirty years,
possess as diversified a knowledge of such securities
as are generally offered to the public as any other
house, and say unhesitatingly that the showing we
cau make will euable a lender to form a perfectly
independent opinion regarding the desirability of
these first mortgage farm loans. We claim that first
mortgage farm loans, as negotiated by ua, are as safe
as either Government or State bonds, and can demonstrate the fact to parties who call and investigate.
Those having funds for Investment for a term of
years, where there is absolute safety and at the same
lime a high rate of interest, owe it to theoiselves to
call and examine the records of our business for
these thirty years.

INSURANCE COMPANl',

DES MOINES, lOTFA.
Prompt and careful attention given to all correspondence. Collections made upon favorable terms.

115 Broadway^

ANDQ PER CENT FAB ^ MOB TOAGES.

Thechief difficulty with lenders is their inability
to determine whether securities offered can positively be relied upon to return the capital, that beine

(itiarine:)

Ransom. Cashier.

»100,000.

The Corbin Banking Co.

Commercial Mutual

Merchants' Nat'l Bank,
CAPITAL,

I^^iuatijcial.

7

NEW

XL-

Branch Offices:
Connected by Private Wires.

Dated March 7th, 1885.
JAS. C. COOK, Cashier.

OBTGAGFH,— Only the most

desirable loans

Absolute safety and satisfaction. The Kansas—
Missouri. Loan Trust Co., Wyandotte, Kansas.

,

PhUadelpUa, 132 South Third Street.
Albany, N. Y., 65 State Street.
Providence, K. I., 13 Westminster St.
Saratoga, N, Y., Qrand Union Hotd.

.

1

r0mae
HUNT'S MERCHANTS* MAGAZINE,

^

'

REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATEft

VOL.

SATURDAY, APRIL

40.

NO.

1885.

11,

1,033.

The sHbjoined statement exhibits the exchanges at all th«
the month of March and since January 1 in the two

cities for

The Commercial and Financial Chronicle

i«

piMiahed

in

Neie York every Saturdag morning.
t

Entered at Uic Po8t OIHec, New

Yorfc^ N.Y., as

years, with the percentage of increase or decrease in 18^5,
The comparison la a little more favorable than at the end of

February.

second class maU matter.)
March.

Terms of Subscription— Payable

In

Advance

1

For One Year (Including postage)
$10 20
Months
do
6 10
Annual subscription in London (iucludlne'postage)" . " £2 78
Hl.t Mos.
do
do
do
*l8s.
These prices include the Intestoks' Si:pple.mest, issued once In two
monllis, and furnished without extra charge to subscribers of the
iMir Sis

CliItOSlCI.K.

WILLIAM n. DANA.
JOHN O. FLOlfD

WILLIAm
7U

dc

B.

DANA

Ac

Co., PubllHberfi,

NEW YORK.
Post Office Box, 958.

81 William Street,

\

Thnt. Uontht.

.•

New

2,012.787,920 2,876,158,138, -aOO

York.

Boston

2fll,3M,441

Providence...
Hartf.ird

15.4.'>«.40fl

5,«7.\5I1
4.179.8681
3.578.180
2.«8«,769

Now

Haven..
Portland

WorcestHr

203.707,5rw
15.920,(*iO —3-0
7.051. ia:i -167|
4,214,3X0 -0-8
3..<»44,H«;l

9.22S,7T3,7661-a3-9

791,270,669
48,781,180

822,13S.5B3 -3-g
66.M7,flO0 -13-8
23..33I.231 - -17-4
13.778.4*9 -2-2

1

S,0.W.8«2:

+0-3

1,950,170

0,281 ),275

18,880.789
10,573,746
8.4H7.11S
9,240,598
B,TO7,528

-l7-0'

3058,705!

...

Lowell

\P.CU

1884.

6,008,312,180

<t.078.IU9 -12-7:

1,67«,768

Sprlnfrfleld

1888.

-143,

10.71 7.000;

-1-3

9.097.077 -I2-S
9,015.434 -8-8
6,320,604 -0-4

Tot. N. Eng.

302,327,375

—IS

906,711,895

981,452,148

180.411.109
27.Si7.0221
52,097,282,

212,806,870 -13-3
3»-9|
40,2«3,«47

+2-5

535,469,305
82.526.604
152,527,648

677,307,888 -80-*
133,881.987 -88-1
161,283,016

280,325,413

300,991,783-160

770,523,647

971,813,786

160.325.07n'
35.412.101)

186,823.3661— 14-21
3».«i6,800 -10-6;

406,182.1 16
107,013,930

Milwaukee

13.451.S),S2,

10,40H..M

+1-8
10,651.723! -2-3

5«8.466,397
114.442,300
43,306.448

mtrr.lt

Exchanges during the week under review were adversely
affected by the partial suspension of business on Good Friday,
which at some of the more important cities was observed as a
close holiday. Yet the decline from March 38 in the aggre-

297,866.022

Phlladelohla..

CLEARING HOUSE RETURNS.

Pittsburg
Balttmure
Tot.Mlddle..!

ChlcaKO
Cincinnati

gate reaches cnly |5,600,885, and this is wholly due to a loss of Indianapolis...
$20,644,731 at New York, for excluding that city an increase of Cleveland
Columbus
f 15,043,846 is exhibited. Twenty-one cities record clearings in Peoria
Tot. West...
excess of a week ago, and of these six have larger totals than
in 1884. New York Stock Exchange share transactions reached St. Louis
St. .Joseph....
a market value of 148,551.836 for the five days this year, against New Orleans..
Louisville.

week a year ago. Outside of New Kansas Cit7...
Memphis
from 1884 was 21 '8 per cent.

1108,52.5,060 for the full

York the

decline

I88S.

New Vork

»416,3^,8«4

April *.

1884.

I

$600,816,0111

tTetk

Per Cent

-897

Bndint Uar.

ih.

iPerCenI

1888.

0,097,9-.'5

S.020.6N7

—H-Ij

5.509,107
3,637,098!

5,439,1167

+1-3
-7-7

240,704,8401

273,832,355-12-1

740,589,638

830,462,083 -lOfl

60,021,012
3.044,983
31.879.4801
17.478,579

74,677.042-10-6
3,360,428 -9-4
44.800, 1-^5 -i9-0
20.451,158-14-5

14.162.UIU.
7,027,2.w:

12.;i«0,S83,+14-6

6.260,4«2!+12-2

180,800,990
7.545,507
115.227,063
53.529.584
47.125.815
21,661,422

16-6
216.909.721
25-7
10.149,219
28-0
155,772,863
56,383,400 -8-1
36,807,?58 +28-0
18,537,427 4-16-S

161,999,528 -17'4

425.781,281

494,560,488 -13-8

130,078,378

138.880,809

t4a7.169,S55i

-28 4

Sola of—
(Stociic<....(kara.)

(878.483)

(l,9e3.9S0)l (-46-8)

{Cotton.... tola.)

(341,000);

(927.000)

(-74-0)

{Qrain...bu»}uU)

(25,46*1,900);

(42.770,000)

(—40-8)

IPttnltumJMi.^

(1S,79«,000)]

(82,473,000): (-79-7)

Boston

t60,634,493j
8,2S3,SO0<
1.3S6,874l

Providence. «
Hartford
17ew Ilaren
Portland

171,902,147
4,440.200'
1,886,323|

834,491!

Worcester

1,086,689,

9«l,ge9J

883.793
813.306

030,403J
ei-,8«2;

Sprtngfleld
liOwetl

366,747

Total N. Eosland

PhlladelphU..

600,023!
£01,314:

-21-2
-26-7
-28-8
-28-2
+4-S
-20-0
-10-8

—26-8

(1,793,960)1

(267,300)
(39,472,000):
(S2,4.S«,000;

(+11-5)
(-B0-4)
(-23-2J
(-35-0)

(82.680,628
2,994,800

-8-6
-5-1

1J347,0«6
795,048

704,M2
562.155
598,140
275,7751

-S-3
-7-2
-24-0
-2-2
-82-8

2,988,764,8:ia 3,U<-k8,816,018

Sh'r'sof stk
J

RR. bonds..

-88-2

(42,873.783

BanlE stocks.
Perr'l'm.bbls
Cotton. bales

976.006.9151,003.160,880 -10-7

5,743,867

11,173.281
lS,830,01«j

-21-4

11.883,585:

(£6,822,875

(82,978,023

—29'8

(61,228,623

-8-4

(81.108,773
8,586,300
4.249,618

133,771,613
7,266,2:0
8,792,204

-101

...

2.800,2711

2,229.101

2.761,068

1,071,814

1,543.559

l,722,860i

2,104,086

1,411,820
923.SIM,

1,318.437

6,502.2531

2,032, I99|

-12-9
—24-5
-9-3

1,030,549

AverWe

Value.

Price.

ftm.fVs^
(»9.197.KoO
(681.0001
(137,500
(71,900
353,530,000
1.527,700
154,176,067

832,639

1.423,286
1.101,740
745.8361

(68,988,413^

(72,a04>l5

-18-9

(50,253,647!

-lJ-5

(18.888.962J
746,242:
8,Nea,&3«

(17,941.9371

-M-6

(13,670.847,

-170

737,080

+1-0

698,790

8,797,277

-82-fl

6,708,980

JjOQlSTllle

4,970,866

6,002,067

•Kansas City...

3,443,393
1,460,8^8

2,042,442'

-ir2
+170

3,2I6,384|

—140
+180

1,884,906

-2S-0

1,S»4,290

(38307J»ei

-20-7

(B0,360,0e8|

-16-6

(10,521,0181

+U-8

(8,248,4821

-29-8

(077.341,8821

-34-8

(646.127.6371

-28-9

.

Colambos
Peoria
Total Western..

Lonla
St. Joseph...
Bt.

Mew Orleans..
Uempbls
Total Southern.

San Francisco

Touiall

(11.762,805
(640.826.7521

+0-4

2.982,688,838

3..18e.9fl9,3e(i'-ll-3

8.471,

i.ia'

returns,

Actual

Arer'tt

Value.

Prlt*.

21.084,808 1,886318,085 69-S
1.866,888.010
|
7.1-2
t-'l ..175,808
(87.228,900 (60,6&3.46oi 68-6
(a7iii8,ae6i 120-4
»-93,502 116-8
(3,IS0,«00
T479.4S9 S7-J
(1.271.700
(80,6211 SS-6
(2He,888 U2-8
(76,180,105-U
(867,148
860,638,000 658,483,698 76«a
(283,843,886 8013c
4,828,400 I<87,104.1.i0l(86 Bl
(87,053,410 (86 9H
483,317,06(1 868,903,036 80 4-lOe
(li0,728,136 781-30
(406,511.93;^, 67-2

(820,468,429

18,630,022.0841

for the five days, made up from telegraphic
as follows. Last year's figures for Philadelphia and

is

Baltimore embrace only four days
Five

York

BaUe of Stock
Boston

^^^

:

Day* Eniing
1884.

Psr

>«TM Z>>s »«r« XyrA 3

/tprfl 10.

1886.

—3-« New

-rl87
-31-9

Par Value
or QuantUv

Our statement

+6-2

(30,383,836'

bush

-22-6
+11-8

+10-8

(j rain...

-160

IndlanapoUs
Clereland

-34-1
-18-3
-30-4
-18-8

-1»«

JTir« Montht

Actual

Total valae

Gov't bonds
St'te secu'i's

10,880,473

I>etrolt

11.996,861

-24-7 0,081.000,838 12.612.743.161 —88-0

or (iuanttty

(57,954,7S4{

VllwHukee...

—3-4|

March.

(41,S»8,13s|

-lB-8

45,009,8391

Par Value

-fl-9

(40,988,763
7.»»2,«00

1

15.788>16, +0-6

Dr«cWpt(on,

(89,858,241

—»8-e

8,940,651

19.978,447 -83-9
24.6A4.349i -8-8

another month our compilation
exhibiting the sales on the New York Stock Exchange of railroad shares and bonds, Government bonds, State eecuritiee,
and bank stocks, with the amount realized and the average
prices; also the transactions in petroleum, cotton and grain
options at their various Exchanges.

-ai-4

[

-25;J:

31.1180.315

We have brought down for

t82,«13,7»4

Baltimore

Cincinnati

Oilts'rte N. Y.

t64,0»:.59U,

Pittsburg

Chloaso

43,493.772

1.1,-,?22,086|

—9-2

—4-9
-38-4
+5-9

Total Middle...

San Frsncisco.
all....

-6-8
+1-8
-6-7

4.560,0.11
7,.Sfl7,H58

1

138,614,268

Total

-Vil

44,011.717
30.117,948
15,196,282
22,54«.28e
15,888,767
0,641,573

To;. South...

Wulc Endtnt

—

50.831,266,

-4-7

(306.127,788

(686,086,687

Cent.

-48-4

(066,117)

Phlladelphta
Baltimore

I748,036)

66,4263M

(+«»»)
-6-7

46,488,006

as,BT4,gas

+M-6

81,048.961

-BT-l

+11-6
-88-3
-11-8

8,8»7,8a6
84,630,180
11,600,800

-f»l

Chloaco
St. Louis

38,464,000

8,837.838
43.386.000

18,876,177

14,968.413

ToUI

(484JI68,011
80,021.102

(681,863,818;

61,467,848

-34-8
-18-6

(8(H.969.118

(7i».721,891

-88-8

""(186.861.8811

(817,686,004

Balance. Countrj*

ToUlall
'

ParCkat

52.661.988
38,474,873
0,9<M,867

(eh$.)

OnUldeNew York

uee.
(37B,a«8,ir74

BsUmated on the

basis of the last weekly returns.

(a8s,9m

t807,B«»,7Sli
46.088,878

(6Ba,a88.oce

"IITOWSW'

-»»
-8f«
-33«

THE CHRONICLK

436

{Tou XL.

Russia, if prices advance, may not also market the
remnant of her crop through Austria and Germany.
The past week has been conspicuous for the quietnesB Against these facts, about all there is to say
which has prevailed in almost all business circles. One is, that in the United Kingdom the visible stock is
exception should be made, and that is our breadstuSs smaller than last year, the amount at London and Livermany pool being about six million bushels less. Of course in
markets, which have shown no little activity and
phases of case of war there will be an advance high enough to cover
variations in price, due mainly to the varying

why

TEE FINANCIAL SITUATION

dispute with
the rumors current respecting England's
damage to
Russia, but in part to the persistent claims of
inference
the
if
course,
Of
wheat.
winter
the

from the

foreign

latest

actually

begun,

fidently

anticipate

products.

is

advices,

fully

a

which look

price

But ought not our people

if

we

run away from a market we are very likely to repeat our
folly of 1883.

war

Besides,

though war seems possible and perhaps we may
Russia has
it is as yet by no means certain

to

we

may

con-

say probable,

for

sustained,

fair

like

a profit on production; but after reaching that point,

our

food

gained her point and appears to be the aggressor, but

be cured by

this

.

is

affray lies with the

ready to prove that the fault for the

time of the notion that America can comer the world's Afghans and to apologize; in fact, the British Ambassador
tried it under better circumstances than at St. Petersburg telegraphed to London at once " that M.
wheat supply.
prevail and failed; and yet the old hope seems to be " de Giers, the Russian Prime Minister, had expressed for
now
perennial among our grain dealers and a dollar a bushel " himself and for the Czar an earnest hope that this

Wo

at Chicago is the present
goes up 3d. per quarter at

dream; hence every time wheat
Mark Lane it goes up 5 cents or

"

unhappy incident might not prevent the continuation of

" the negotiations for peace."

If,

therefore, the Gladstone

was on the previous
boundary rectification might still proceed.
crop advices which have been current throughout our winter, We acknowledge that in the present temper of the
Only English people such a course does not seem at
wheat States, the week does not fully encourage it.
has it been possible to know the all probable.
Yet there is a doubt on the point and a
within a very few days,
uncerspring weather on the fall-sown grain, but further doubt as to the length of the war if declared
effect of the

more

As

Ministry

a bushel here.
far as

this

confidence arises from

thfl

unfavorable

is as

easily satisfied as

it

occasion, the

—

now from
is

several

points

the report comes, that the start

tainties which,

with the facts given above, and the likelihood

who had pronounced the plant that in these days of cable communication the effect of
These hopeful promises, however, do not the worst view is speedily discounted in our markets,,
acceptance as yet, no more than the hopeless should at least moderate our speculative proclivities..

surprising

the farmer

winter-killed.

merit full
Yet they are very encouragones did a few weeks back.
ing, for no greater disaster could befall lis now than short
crop?,

and the

earlier indications

dispiriting, not

solely because

Furthermore, we
hostilities

have therefore been quite country.

they affected winter- wheat

,but be:au3e in the present sensitive condition of the public

fail to see any reason for assuming that
would stimulate English investments in this

Some

of our railroads are, as stated, gradually

getting into better condition, and

with good crops this

and their securities
'mind they are readily accepted as a general forecast of the become a better and more attractive purchase for investors
What the abundant crops of last year are doing everywhere. That will result whether the war goes on
season.
for us, may bo seen in our railroad earnings which still or not
but any large new movement of foreign capital
Many this way with the silver coinage law still in operation, is
continue to record better results than a year ago.

summer

their incomes will be assured

;

of our roads are thus rapidly securing a stronger position,

simply impossible.

and the recuperative force has not spent itself yet, nor
Aside from these war rumors and the hopes they have
will it for months, the benefit from the increase ia corn encouraged, the developments of the week affecting general
and provisions lasting through the whole year. Hence every confidence have not been wholly favorable. The examone is anxiously looking for evidence of what the coming ination of Mr. Fish, late President of the Marine Bank of
summer and fall are to bring, feeling that if they only this city, discloses and recalls bank dealings and methods
prove as productive as the last, with possibly a better cot- which are very suggestive and by no means reassuring.
ton crop too, our railroad properties will have tided over Then the failure of another bank at Norfolk shows the
the season of their severest trial.
gravity of the situation there, and the later information
With regard to the influence of the Russian war upon respecting last week's failures of Bain & Brothers and the
our commercial and financial interests, we cannot help Exchange Bank are of such a nature as to lead to the fear
repeating that it is very easy to overestimate the benefit that the large line of depositors in the latter may have towe are to derive from it. Even on the price of wheat wait a long time for their funds. The locking up to such
the prevailing views appear to us extravagant.
Without an extent of the money resources of a district like that, is
counting California, where there is a large surplus and an extremely serious event to the community. Of course
where the crop prospects are now reported excellent, the the influence of these Norfolk disasters is largely local,
amount in sight in the United States and afloat for but they have a more general significance in this case than
Europe is about 22 million bushels more than last year usual, because of the prominence of Norfolk in the cotton
while current receipts as well as the low values ruling go trade and further because of the connection of the Exto prove that a very considerable amount is even yet left change Bank with the railroads of that section, especially
Then the Australian crop is just com- with the Chesapeake k Ohio. As we stated last week,
to be sent forward.
ing-in and is a good one, and will afford according to the the decline ia the bonds of that road was mainly due to
latest advices an exportable surplus of about 14 million this latter circumstance and to the attempt of the bank
In addition to that we have to remember that to market some portion of its holdings. For the same
bushels.
last season's crops were almost everywhere excellent, while reason and because of rumors that the interest was to be
prices have been not only low but unremunerative during passed, the bonds have been feverish all this week. We are
the year, that no producing country has therefore been informed however that the interest which falls due on the
drained of

its

hence that farmers every- " B" series May 1st is already in the treasury for the pursuppHed than ever pose, and that it will be paid. Still railroad officials change
Finally, there seems no good reason their minds sometimes in these days, so one cannot put

old stock, and

where must be presumed
before at this season.

to be better

u
"

—
Apru. U,

THE CHRONICLE.

1869.]

which

Owing

437

bad been made in January, the
compared with 1884,
Our stock market this week, like our breadstulls markets, 18 only $232,000. This loss it should be « comparatively
has been almost wholly under the influence of the foreign easy matter to make good in a single month, under the
advices respecting English and Russian difficulties, prices increased production of com in Iowa 'i!>2 million bnahels
being alternately advanced or depressed as the news raised in 1884, against only 169 million in 1883,
Atchison Topeka dk Santa Ft, like the Burlington ii
pointed towards war or peace. As we have already stated
we see little reason for this, except so far as a remunera- Quincy, presents an unfavorable statement of earnings for
In this case, however, there was
tive price for our food products might improve the general the month of February.
situation, and therefore increase the intrinsic value of our also a heavy loss in the month preceding, January, the
returns for both months having come to hand this week.
Still, the idea of a more extended influence was
securities.
encouraged by the comparatively firmer tone for American The Atchison lies so much further south than the Burlingstocks and bonds dealt in on the London Stock Exchange ton that we can hardly consider the weather as the priconfidence in s promise the

full

two weeks

fulfilment of

is

to the gain that

lou for the two months

distant.

in the not, as

during the semi-panic there on Thursday, the conclusion mary cause of the falling off, so we must look elsewhere
being easily reached and reported on the street, that those for an explanation. We find it in the fact that net earnwho were selling the British funds were putting their money ings last year, both in January and February, were unuA moment's thought would sually heavy, the result of an increase in gross receipts and
into American securities.

As a reason for the
a decrease in operating expenses.
based on the assumption that the gain in gross earnings, the company had not only the excelordinary English investor has so little confidence in the lent crops in Kansas of the season preceding, but no doubt
capacity of his own country to engage in the threatened also derived some benefit from the blockade by snow of the
struggle with Russia, as to believe that Great Britain's more northern route across the continent Union and

have been

sufficient to

of such a notion, for

convince any one of the absurdity

it is

and credit are to be hazarded by it. The truth
in London, although the necessity for war is
is, that
regretted on general principles, the prevailing opinion,
judging from the latest mail advices, gives this contest a
very small place as an influence affecting either the indusa temporary
trial or financial interests of Great Britain
stability

—

on the Stock Exchange seemed to be anticipated,

crisis

Central Pacific

&

Atchison and Atlantic

through business to the

diverted

Pacific route.

The expenses, on

the other hand, were at that time being steadily and largely

Only the figures themselves can show the
we give below the earnings

diminished.

extent of this movement, so

and expenses for four years.
ATCHiBON Topeka & Santa Fs.

1X85.

1884.

1883.

February^

t

$

t

1,064,747

1,167,020

6&8,2«1

663,944

eoa.578

788,630

411,526

688,078

429,962

838,860

2,180,445

2,339.368

2.099..S28

2,272,680

1,324,013

1,153,007

l,29S,3UI

1,5^

864,432

1,186,861

846,087

but not much more.
Chicago Burlington

Quincy, which in January re-

dk

ported marked improvement in

its

net earnings,

now

in February reports an even more marked falling off.
January 1 to
Against net of $958,166 in February, 1884, we have net GroM earnings
this year of

—

—which

$498,688

—a contraction of $459,478, or nearly

Net

1,08S,53J

1862.

t
i,i«,aHo

February 28.

earninfrfl....

91.^

70«,7a8

Of course the aggregate last year was unusually
Thus while between 1882 and 1884 the February gross
even allowing for that, the decrease is very earnings had risen about $40,000, indicating of course an
heavy.
It is, however, easily susceptible of explanation. augmented business done, the expenso of doing this augThere was one day less in the month this year than in the mented work had been reduced about $205,000, from
year preceding, but the bad weather prevailing was the 1788,530 to $583,944; for January and February combined
main cause for the decrease. We have previously alluded gross earnings increased froYn $2,272,680 to $2,339,368,
to the fact that Iowa suffered from the effects of the while expenses diminished from $1,563,945 to $1,153,007,
weather as no other section of the country, and it is in so that net earnings were added to in the large sum of
that Slate that the Burlington & Quincy has a large $477,626.
It is only natural that after this heavy growth
one

half.

large; but

portion

of

its

mileage.

It

scarcely

is

possible

to

there should

now be

a return

in

the net

to

smaller

had on figures. The loss in 1885 is $329,929, or $147,697 less
On parts of the Burlington & Quincy sys- than the previous gain, so that the aggregate is still
railroad traffic.
tem no freight trains were moved for over a week at a time, decidedly higher than in 1882 and a trifle above that of
and the whole system was more or less affected during at least 1883.
overstate

the

half the month.

^rom

that

influence

this

Then the weather

getting the benefits of

ttie

condition

also prevented the road

increased yield of corn in

Iowa, as would appear from the fact that the receipts of
that cereal at Chicago over

all

roads were only 4,43.3,216

It is quite possible,

188.5 may
Some may draw from it

however, that this loss in

lead to very erroneous conclusions.

the inference that subsequent returns are likely to be equally

company did not have a very
bushels this February, against 5,564,616 bushels in four large margin of surplus on the 1884 operations, the loss of
weeks of the month last year, and every one knows that $330,000 thus far in 1885 must be a very serious matter.
the Burlington & Quincy is the largest corn carrier in the We do not think the inference is sustained by the facts. As
West.
in gross

These facts account for the decline of $370,000
earnings, and the fact that on this diminished

unfavorable, and that as the

bearing upon that point,

it

should be remembered that the

gains noted in January and February last year did not

were increased $91,000, makes plain the constitute a feature of the returns in subsequent months;
on the contrary, that these subsequent retuma were disFollowing are the figures for five years.
This is a
tinguished, almost all, by very heavy losses.
circumstance of such controlling importance that we have
CHIC. BOB. & QOINCT. Ia85.
1S81.
1U84.
1882.
1S83.
brought together below the gain or loss in each of the
FebnUify,
t
1
«
*

"business e.xpenses
difiiculties

encountered this year in operating the road.

OroMeamlnsa

1,1)01.015

1.071,013

1,611,0S1

Operating expenses

1.10S,S27

1.012,(M7

888,298

Net eamlnffs

496,688

966,166

Jan. 1 (o JVA. 28.
Gro.^ earnings
OperatlnK expenses

3,594.399
Z,K33,181

3,619.933
2,045,553

Not eamTniTs

i.nnilais

I.IW3.IW0

T£t,Tg»

1,457.300
845.302

611,998

1,0.11,881

3^2,824

3.116.134
I,734,l«l

2.342.769

1,706.581
1

eleven months of 1884, the figures for December not

declared as yet
1884 AS COMPAMIP WITO 1883.
BIT BAiUmlGS
Las«tlS0,<36 BeptemMr.Gala S10,6M
January.
Gain »187.909 Mar
(3«>B UM*f
UMt 161,630 OotoDw
February.. .Gala 153,114 Jan*
liOM 294,230 N0Teml>er..1xws IB^nt
6,400 July
March
Gain

having been

OAIS OB LOSS

••

1,530.180

l.f)KI

913

MlsflSS

3,336,701

first

711.097

1.4i:),S86

\ABrtl

T,n«l

officially

!

IJT

lOI.Sdfl

Atlim^t

T/o"*

214.377

.

.

THE CHRONICLE.

438

[Vol. XL.

The Assay Office paid $212,433 through the SubHere we see that following the gain of $187,000 in
January and $153,000 in February, there was in March Treasury for domestic buUion and $59,731 for foreign
a gain of only $6,000, and after that there was an bullion during the week, and the Assistant Treasurer
almost uninterrupted loss, each month, amounting to received the following from the Custom House,
$101,000 in April, to $180,000 in May, to $257,000 in
Consisting of—
June, to $284,000 in July, to $244,000 in August, with
Date.
Duties.
October, and

gains in September and

two months we
are this year comparing with veiy heavy totals, after March
we shall be comparing with very much diminished totals,
and a repetition of the losses now shown wouW therefore

Hence while

November.

in

the

first

seem quite improbable, especially as the corn crop of
1884 (now being moved) in Kansas was but slightly less
than in 1883, and the wheat crop was larger. Of course
if the present season's wheat outturn should be diminished,
that

would modify the conclusion

to a certain extent, but

U.S.

Apr. 3
"
"
"

8

"

73

Silver Oer-

Oertiflc's.

tiflcateg-.

9.

6
7.

Total.

79

$2,000
1,000
2,000
1,000
2,000
1,000

$83,000
73,000
150,000
77,000
48,000
45,000

$74,000
58,000
283,000
117,000
95,000
98,000

$230,000
83,000
119,000
232.000
143,000
153,000

$2,170,309 01

4.

"

$389,513
213,048
555,038
427,161
288,465
297,080

Gold

Kotes.

Gold.

a further loss in

$9 000

$176,000

$725,00(1

$960,000

54
89
58
48

TRADE AND iJLEABINOS OF LONDON AND

NEW

YORK.

Quite erroneous conclusions with respect to the com-

developments can establish the parative trade of London and New York seem to prevail
reports of damage done, and even then there always somewhat widely, drawn from the Bank clearings of the
remains the possibility of making good any loss in wheat two cities. We have for instance seen a statement pubby an increased production of corn.
lished in many papers during the past year, giving the
Exchange was not perceptibly affected by the war news figures of clearings and claiming a larger business for New
for the reason that the market is so dull as not to be York because the published totals were in excess of those
Bankers report a mod- for London. Some of our readers have also written
responsive to indirect influences.
that only future

as to

US'

erate renewal of the inquiry for investment bills and a fair

for

an explanation of

this feature of the reports, to

which

supply of maturing sterling, but the mercantile demand is we have replied by letter.
But as others have requested
and that from bankers readily absorbs all the similar information, we deem the matter of sufficient gen-

insignificant

commercial sterling

offering.

eral interest to explain the

Bankers balances remain unchanged at -J®!^ per
The following statement, made up from returns

by

lected

and

us, exhibits

currency

detail

by the

10, 1885,

Currency,,

Total gold and leeal tenders.

comparative situation more in

letter.

$865,000

$1,845,000

Gain.. $1,480,000

follows

figures

the

The above shows

we can do by

The misconception is perhaps not at all surprising. It
naturally from the figures themselves; for the
New York banks during the banks being the instruments of commerce through which
payments and transfers are made, their clearings presumably reflect the aggregate of each day's transactions.
lUceietd by
Shipped by
Xet Interior
Movement.
N. Y.Banla. y. T. Banks.
Hence the annual totals, which are as given below, become
Gain... $1,180,000
»1 ,845,000
t365,000
The London
the measure of the volume of business.

Gold

of gold

than

col-

the receipts and shipments of gold

week.
Wtek cndino Avril

cent.

bank holdings
movement to and from

the actual changes in the

and currency caused by

this

In addition to that movement, the banks have
gained $500,000 through the operations of the Sub-Treasthe interior.

we have reduced

pound

Yertr.

to dollars at the rate of

liOnfloji

New

York
1

Clearinga.

1884

$4 84 to

sterling.

New York

Lond.on

Year.

Clearings.

Clearings.

$27,710,284,300 $30,985,871,165

1879

Clearings.

»23.104,28C,9i!0 $29,235,673,829
'

Adding that item,

therefore, to the above,

we have the

following, which should indicate the total gain

New York Clearing House
for

the

week

to

the

banks of gold and currency

covered by

the bank

statement

to

be

issued to-day.

Week ending April

Into Banks,

10, 1885,

Banks' Interior Movement, as above
Sub-Treasury operations
Total Kold and legal tenders...

Out of Binhs.

Net Change in

Bmk Holdings.

5.500.000

$386,000
5,000,000

Gain. $1,480,000
Gain,
500,000

$7,345,000

$5,305,000

Gain. $1,980,000

$1,845,000

28,697,105,360

37,434,300,878

1878

23,599,893,240

10,858,671,30?

1882

30,110,637.440

46,910,955,031

1877

22,773.831,080

21,285,278,472

1881

ury.

1883

30,768,213,930

49,S76,8S2,883

1878

24,010,451,040

10,584,393,198

1880

27,673,793,840

38,614.448,223

1875

27,330,042,520

82,475,359,339

Here we have a ciirect comp arison, vnth the resilit for each
year since 1878 decidedly in favor of New York. Another
statement that helps confirm the conclusion which the face
of these figures authorizes,

is

the close agreement in the rela-

checks and money in dealings with the banks
in the two cities.
It might be supposed that the deposits
tive use of

were more largely -made up of money in London and in a
greater proportion of checks in New York.
If this
were so, of course to the extent of this difference,

much
The Bank

of

England reports a decrease of £368,286

bullion during the week. This represents £129,000 received

the daily clearings at London would reflect less perfrom abroad, and £497,286 sent to the interior. The fectly the daily deposits; or in other words, the clearBank of France lost 82,000 francs gold and gained 10,000 ings at each of these trade-centres would not afiord a hke
francs silver, and the Bank of Germany since the last measure of the total business of the banks.
But the truth
report has increased 5,980,000 marks.
The following is, no marked difference in this particular exists between
indicates the amount of bullion in the principal European the two cities.
In 188], Mr. G. H. Pownall of London,
banks this week and at the corresponding date last made an investigation into the proportionate use of checks
year.
and money in. English banks and read his results before the

London Oct. 19, 1881, and published
Journal for December.
In September
of the same year Mr. Knox, then Comptroller of the CurBankers' Institute of

April 9, 1885.

April 10, 1884.

0old.

Gold.

Silver.

*
Bank of England
Bank of Franc©
Bank of Oemiany

Sillier.

M

M

M

25.294,620
25,045,648
40,295,414 42,482,323 39,773,570 40,003,269
7,055,750 21,167,250 7,435,000 22,305,000

Total thla week
72,645,784 63,649,573 72,254,218 62,308,269
Total previous week .... 73,188,350 64,162,173 7.<),040,654 62,614,513

the same in their

rency, did a similar

work

for the United States

his results in his,^eport -for 1881.

as follows in the returns thus

These two

made

up.

We

and gave

cities

appear

add, also, the

proportions given for other sections of the two countries,
for subsequent

comment.

APRIL

THE CHRONICLE.

11, 1888.]

KTHOS OV HOHlr RKCKIVCU BT BANKS.

CMn.

Kotu.

CTwekt.

Onot Srumn (1881).

Ptr cent.

Per emi.

Pir Mat.

788

Iiondoa*

8080

(7-883

M-818

11-088

«3 7»0

Count rr Banka In 901 PlMWi

IS-MO'

ll-MO

naao

Towna. excluding AKrlonltuntl Pluei..

irmo

H-4T0

«8-8»

into Metropolitan

Area

VHUta Statn (.s>p(

.,

-«»

0880

Other Resorvo CItlea

5-Sl

88-33

Bankfl Eluewliere

8-90

M-87

81-74

Total la United EUlea

1»

430

M-08

City

The London

return

l>

for her people to

the above the total proportion of checks appears to

per cent in the make-up of the Bank

differ only

about

deposits of

London and New York.

To

the extent of this

above exhibit affords of course an explanaand modifies the conclusion to bo
drawn from their face. But that is a small matter, and
allowing for it, would not very greatly change the comdifference, the

tion of the clearings

made by

parison

A more

the annual figures

important difference

is

above given.
however suggested by
first

the other items in above returns, a difference, as these
figures show, that distinguishes

two countries

the

in

London
will

be

all

bank

receipts for deposit

except at London, and prevents

clearings being as true a measure of

New York

as

clearings

depend

to

a very great extent uf on gold.

—

the

made up from the Town Counter only.

H

seen, the practioe of

by the circumstance that the Bank of England's £5 note
is its smallest issue.
All wages therefore— manufactor
ing, agricultural and every other kind
have to be paid in
gold, as the weekly payment to each does not often equal

amount
more

London

New York

are of

trade

trade.

noticed, for instance, that notwithstanding

It

London

returns show about 97-^ per cent of checks, "the metro-

of

Hence

the note.

it

has been more conve-

with the habits of the people, as well
as encouraged by the charge made by banks for keeping
nient,

From

Even England'! wuta

we have

keeping "current accounts" is by no means general; and,
besides, long custom has made it almost a second nature

1881).

M

•

redundant and disturbing here.
are no guide for us, since, as

This habit has been encouraged and strengthened, too,

2-04

New York

489

in accord

"current accounts," to retain in their possession largo

amounts of money, instead of depositing it all and checking
Thus they find use for more money per capita
against it.
But the check is such an economical instruthan we can.
and through the system of clearings so convenient
ment,
and unobjectionable, that it must continue to make its
way in the commercial world, economizing the use of coin
and supplanting more and more completely all other
methods of payment.
Another and very material difference between bank
clearings in London and New York, grows out of the
practice at London of separate stock exchange clearings
with settling days only twice a month. This is a point that
is familiar to many of our American readers, but few seem
With us
to take the pains to measure its importance.

That is to say,
politan area " shows only 63f per cent.
cash deposits figure as a very much larger item in the

the whole of each day's stock transactions passes through

suburbs of London, and in fact everywhere
in London itself than in the United States.

as the go-between, each transaction

else

except

And

this

suggests the important difference that in Great Britain
cash and cash transactions between

floating

are
lis,

much more

extensive

reason that

the

for

individuals

and frequent than

"current

it,

And

if

we may

consider the broker simply

yet even now, as

we

London banks would not take small

ac-

covers two checks;

there be two principals and two brokers, each transac-

if

tion will require three checks.

But even assuming that
sale, and we

only two checks are used in effecting each

among have an aggregate reaching on
is,
cent of the total New York daily

Banks, a heavy tax for keeping them being charged. It
used to be everywhere as high as one quarter of one per
Only in
cent, but more recently it has been reduced.
where there is great competition for business has
London

understand

or

and

accounts" (that

accounts where customers are allowed to withdraw their
money on check) are discouraged by the English

the charge been abandoned.

the banks,

the average fully 33 per
clearings chargeable

to

Exchange alone. But the
recorded sales of stocks there, do not probably cover
over two-thirds the actual sales of stocks and bonds
which are made on Wall Street in active times, many good
judges on Wall Street estimating them at such periods as
Still, without adopting
not more than one-half the total.
either of these views, or allowing for any considerable
unknown quantity, it is certainly within bounds to say
that on the average, one half the Bank clearings at New
stock transactions at the Stock

On the other hand, with us nearly
counts in that way.
©very one has a bank account, not merchants and bankers York come from sales at the Stock Exchange. In London,
only, but the smallest traders, and even individuals who on the other hand, because of the methods that prevail for
disburse a few thousand dollars a year or less; so that striking balances with only two settling days each month
it may be said substantially that we pay almost every- for such transactions, they cover only about 17 percent
thing by check, and the entire transactions of the city and

of the total clearings, as

may be

well as the large ones) are covered by our clearings. This
is an important difference between London and New York

To make
taken the aggregate Bank
at New York and London

business methods, and involves a very considerable amount

4-84 to the

in good part of the

suburbs (the mass

of little ones, as

in the aggregate.

statement.

pound

figures the official

"We are tempted

to

dwell for a

moment

longer on this

from

seen from the following

the difference

New York

more obvious we have

clearings each year since 1880
(stated in dollars at the rate of

and deducted from the London
stock clearings which they include and

sterling)

figures twice-the value of the stocks sales

Of course this makes no allowmeaning of the fact that no country in the world has ance for the large additional amount of bond sales and
utilized the check as an economical instrument for the set- sales outside of the Stock Exchange in this city, which,
tlement of transactions to the extent America has. Great as already stated, it is estimated would in active times
for greatly increase the toUl, and if included would be, just
Britain comes next, but after that, there is no next
point in

passing,

because

many

fail to

recognize the

full

at the

Stock Exchange.

—

way off

only a long

knows
worth

its

follows Germany, while France scarcely

use in domestic settlements.

This

is especially

to that additional extent, to the

York

one so frequently meets with Congressmen and others talking glibly about the needs for

figures.

disadvantage of the

New

'

recalling since

and enforcing their views by a
per capita comparison with European nations. Clearly,
that mode of measuring our wants is not at all pertinent.
What a country like France can use would be greatly

currency in

this country,

LONDOW.

Tbfol ClMHnt$.

atock Cltariift.

»27,7l8J!84.a)0

88,8»7,1(».880

1888

W«l..

aO,110,«87.040
80,78«,8t 8.980

B,1S3.«88.880
o,eoe,«3S.440
e.«8S,fM4.780

1S80..

S7.878,7flS.8«0

Oun

Stock.

84,«TB.8?7,880

1888..

Clcoriaft acker

1884

.

.

£4,«1.4Mk80S
»4.0T8.aMk808
aB,M8LieT.a88

.. .
.
.

THE CHRONICLE.

440
DoubU Vahut

NEW TOBK.

.Slock

»11.879,000,000

87,434,300,872

.

18,580,619,928
15,378,906.872

1883..

46,916,955,031

ISSl..

49,37t',8S2,883

1880.,

88,814,448,828

In a very dull year like
deductions from the
actions

time

may be

fictitious or

Clearirmt Utt
Slock Ejcchangt.

Eichnnoe.

180.985,871,165

1881..

1888

of

atoclts cord at

Iblai Clearings.

1884,

New York

sufficient

"

16,S95,012,80«
13,638.172.108

wash

transactions outside the

"

» 19. 106,871, 183
21,913,680,850
31.538,018,153
32,981,870,077

81.970,27«,U5

quite likely that the

it is

the whole the

sales are

numerous, while the
at their

Exchange are

XL.

month was reasonably free from interrupThe result is seen in earnings

tions to railroad operations.

$702,539 greater than a year
February (on 69 roads reporting)
of $251,874, though in that month the comparison with
the preceding year was somewhat disturbed by the fact
(on the 58 roads reporting)

ago, as against a loss in

that February this year

clearings for stock trans-

as given above, for at such a

[Vol.

Of

had one

less

day.

course, reports of declining earnings have not ceased

to appear, for while

reporting

together,

minimum;
increase,

it

is

it is

if we take all the roads
March statement shows an

true that

the

also true

that the

on individual

result

in
but in the previous speculative years, and especially
roads and in particular section varies, as it may well
amount should
1880, 1881 and 1882, a further large
be expected to vary, with quite a number of companies
Wall
obviously be added to that item, for unrecorded
But it is at least satisfalling off.
still

Street business, and so deducted from

New York

clearings

before the attempted comparison is possible.
And this brings up a distinguishing feature in our busi.
perness methods which should not be overlooked, as it
vades more or less all New York markets, affecting in

recording a

so numerous
March less than two-fifths
that is, there
the whole number embraced in our list

factory to note that these

latter are not

as heretofore, constituting for
of

are

thirty-nine roads that

—

have increased their earnings,

and ninetcea that have fallen behind.
There were no specially favoring influences in operation
outside of its Stock Exchange has nothing to correspond during the month.
The better weather was a decided
We refer to the enormous extent of the purely advantage, as against the condition prevailing in February,
with it.
speculative business done at our numerous exchanges. but it was an advantage of a negative character wholly, since
The above table gives expression to the same thought,
marked merely the absence of a state of affairs that

a large measure our

Bank

clearings,

and yet London

it

London returns and the variableness of the New York figures cannot fail to attract
attention. In fact, taking out stock operations, the London
the
totals are almost stationary, and even with them in,

for the steadiness of the

might have continued. There was no improvement in
passenger travel no extension of general business, the
same quietude prevailing as heretofore. The grain move-

—

ment was larger than a year ago, but only to a small
changes from year to year are comparatively trifling; extent, and not all roads or sections shared in it on the
whereas the expansion in our clearings covers our specula- contrary, some suffered a very decided contraction in the
tive cycle from 1880 to 1883, and is to a degree a measure same, and, as compared with two years ago, there is a
of its extent, not alone in financial ventures but in commereven in the total. The cotton movement was
;

falling 6fi

cial as well, the speculative feature

being universal.

instance, in 1883 the future sales of grain at the

For

New York

On the

simply reduced to infinitesimal proponions.
band, some

traffic

other

delayed by the snows and ice in Feb-

Produce Exchange covered 2,417,726,933 bushels. These ruary came forward in March, and that was a temporary
transactions are in no sense actual trades, for they are influence of a favorable character.
Then it should also be
mere phantom sales in which no delivery of grain follows; mentioned that March in the previous year was not a
and yet they are representative of the business which is month of large traffic, many roads having shown a heavy
It is to be said,
done at our commercial exchanges.
The following table gives the gross earndecrease then.
however, that such operations figure to a very much less ings and mileage of all roads, in our usual form.
OBOaS BABKIKOS AND MILKAOB ID MARCH.
extent than Wall Street transactions in our Bank clearings,
because a process of " wringing out" is gone through with
Mileage.
QroM Earnings.
every morning by the members, which is really a kind of
Same of Rood.
Inereaie or
1885. 188i.
1884.
1835.
Decrease.
clearing system, permitting of a settling of balances. Yet,
$
notwithstanding all that, they are a feature in our business

8888
35,083
43,492
-f7,509
824
988
152,701
189,973
•f37,272
467,0J0
279,575 + 187,425 2,794 2,033
115.182
128,197
+ 13,015 490 490
no corresponding practice at London.
Central Iowa
503
503
—9,092
209,635
200,543
•Chesapeake & Ohio.
139
139
+203
think the foregoing suggestions will enable the
40,611
40.814
•Ellz.I-ex.&BlgSan
398
393
+10.491
77,249
87,743
*Che8. Ohio & So. W..
849
849
-17,254
reader to put a proper interpretation upon the Clearing ChioaKOdt Alton
697,919
680,665
251
251
111,018
+ 36,017
117,065
York. But even then Chlc.A Eastern III.... 2,092,000 1,788,726 + 293,271 4,801 4,770
House returns of London and
Chic. M11W.& St. Paul.
171,560 3,S43 3,761
Northwest. 1,938,500 1,766,910 +
one must not make thp error of assuming that London ChlcaK0&
-13,216 1,318 1,307
4til.246
451,000
Chic. 8t. P.Minn. <feO.
413
-12.42)
413
75,12^
87,552
the trade of Great Britain to the same extent •Chic. & West Mich...
represents
342
342
+23.290
201,150
224.410
Cin. Ind. St. L. &Ch..
281
281
-10,371
164,731
175,102
Bait
York represents that of the United States. It is Cm. Wash. & & Col ...
that
144
144
+ 917
39,124
40,011
CleTe. AlJion
113,556 1,317 1,317
3H8,357
611,913
+
Rio Orande.
not necessary to enter upon that point, and yet we may Uenv. & Rio Gr. West
368
368
62,131
+ 6,969
69,100
Denv. &
143
143
+ 4,74!)
23,504
18,785
mention Liverpool by way of illustration, which, with *DeB Moines & Ft. D..
261
261
—19,312
115,689
90,377
Detroit Lans'g & No.
146
146
-2,502
45.806
48.303
Blight exception, monopolizes the entire cotton trade of the •Kvansv, & T. Haute
361
361
—60,573
218,519
157,916
Flint & Pere Marq...
SCO
518
-1,145
S2,000
80,S55
country, and is the outlet for the goods trade of Manches- Fla. R'y &Nav. Co...
110
110
29,600
+ 1.527
31,127
Worth & Denver.
Ft.
the financial
-133,933 2.951 2,800
Still, London is
ter and outlying districts.
Grand Truult of Can. 1,0S7,700 1,221,633
953
953
+70,121
4-<4,15J
554.574
Cent. (111. Div.)...
01.
578
711
+48,170
406,3-26
360,156
centre, and settlements even for cotton imported and
(80. Div.)...
Do
402
402
115,21"
112,159
+ 3,05 s
(Iowa lines)
Do
53J
532
are chiefly made through it.
+33.866
•227.088
193,222
cotton goods exported
ITnd, Bloom. & West.
389
389
139,915
+ 11,151
15),09a
C. Ft. 8. & Gull
•Kan.
282
ai-2
+68,210
S9,8J0
106,010
*Kan. 0. 8p. & Mem.
220
250
44,251
+ 4,541
43,822
Central..
•Kentucky
352
353
104,976
+ 12,253
177,229
Loni; Island
+72,957 2,065 2,065
1,260,695 1,187.738
& NasUv.
Louisville
31.
JAN. 1
135
—2,250
135
15,897
13,647
*.Marq. Honpli. & On
064
232,833 + 127,167 1,236
360,000
Central ....
True to the anticipations entertained with regard to it, Mexican 8h. <t West.
339
436
+2,703
100,357
103,060
Milw. L.
221
221
+4,114
46,839
50,953
North..
the month of March makes a very much better exhibit Milwaukee &
528
529
+ 9,86
19i,14C
18c>.275
Mobile AOhio
502
502
—17,827
210,298
192,471
The weather was still Norlolk & Western..
of earnings than its predecessor.
2,419
978,956 —232,yM 2,153
6^6,427
Northern Pacillc. ...
212
212
74,274
+ 9.076
83,350
unseasonably cold, but the other drawbacks to a free Oliio Ceutial
254
-«.S71
254
6-'.0.'i8
.iS.lS"
ppnH« I>e<^ .VKvansv
• uuiy turec weeKs of Marcu in eacu year.
movement of merchandise so conspicuous in their
23.
t Four weeks ended March
r„
. u
..i,.,. -»„,
year.
adverse efiects in February no longer existed, and on
Not Including Indianapolle Decatur .fi Springfleld In either

methods, entering into our bank clearings, with substantially

Bost. lions. Tun.* W.
•Burl. Ced. Rap. <S Sc.
Canadian Paciflo

We

New

New

.

I

BAIL ROAD EABNINGS IN MARCH, AND FROM
TO MARCH

•>

—
—

—

.

J

,

.

AraiL n,

THE CHRONICLE

1885.

Orof Eamtngi.
yitntt 0/ road.

*
-

'

Dtertof.

DiinTllle....

3»2,300

^-ij...

7.^,B7S
69.08V!

ii8.23'J

-t-

69.767

I

RoclieHtrr A Plttab...
et.L. A.AT.lI.iti.lluit

Do

tin

+ 10,088
+ 17,701

RO.UliS

-14,aBS
—7,831

12.1, ia!t

74,227

6H,3!)(II

(t>riiuotie>4>.

+ 11.598

27,881

U8.«i24!
iio,r.3ti

774
863
39 «
813
274
2»4
19S
138
182

7,346
9.29%

41,(l(i'>

3 7.9 7'^

et.I^-iilsn.S.AWli-U.

47.H70

4a,U.'SU

3:^5.714
«7,!l«0

41ft,l7i)

et.FBUl Minn,^ Man
•ToxhrA wi. I.imls ...

575,377
76.115
85.SUO
I.3i8.149

Tol.Ann A. A- N. MIcli.
Wab.at. I.iuuU&Fttc.
Total (S8 rnixU)

1,3^7

735
61

+ 10,483

it

compaay did not

from the grain

of the amaller extent of that

I

«ut«m
moTomMit—«•,

trafllo at

tha

some of the months preceding. The following «e^
the grain movement at all the leading Western porta.

had

in

hibita

RucEUTt or

M

nooa ako

gbxix ron roaa trtax* %aoto MAKca
xn> awca tkuvKvr 1.

19,'>

225

73 S

+ 7,621

3,549

61
3,647

+708,539 45,392 43,624

17,290,374 16,587,835

..

236
3U4

81.-S

+ 25.714

49.101
17.8T9
1.348,U66

31,1

1,397

—39,465
-4,512
-124,7i8

72.412
700.100

774
363
294

of gain

138
160
770
225

+ 1.020

St. IjOuIh A' Hau I'niii
8t. PauKV' Duliilli....
.

—because

end

+ 3.100

3i».300

'

1884.

lame source

the

•

•
•

188S.

441

natural l«vsl; but probably also the

jruM|»,

[nereiut or

1884.

1886.

RIpli,

—

—

J

4 Oku.,

4wks.,

Ku., IS
Mar.,M

.stncaJu.l.lWB

SlnM Jan. 1,1884
4wiu.,Mtf., ime
4 wkt.. Mar., IStM

Slno* Jul. 1,1880
*

8tnaaJBa,l,UIM

Only tbree weeks of March In enoh r'or,

at.

7,^Die most striking feature of this table

the heavy

is

gauis reported by several prominent systems.

For the

increase on the Canadian Pacific and the Mexican Central,

there are of course special reasons.

&

that the Chicago

&

But

be noted

will

it

Northwestern, the Chicago Milwaukee

Denver & Rio Grande, the Illinois Central,
{main line), and some other companies, have equally
striking gains.
One reason for this no do ubt is found
in the large losses that the same roads reported a year ago,
80 that the comparison is with reduced totals.
But in the
Northwest an additional reason was the quite generally
freer movement of grain, both of com and wheat. In previous months it was wheat alone that was moving in
increased volume in that section, but now that cereal is
St. Paul, the

Of course the diSerence in effects
roads that are wheat carriers are
com carriers, nor vice versa. The Northwest road, for
instance, having heretofore benefitted very little by the
increased movement of wheat, the inference is plain that
giving place to corn.
is

important, for not

tbe gain

now

shipments.

is

to

Still,

all

much.

cannot

be

Duluth,

for

it

At

over 1884

of

U8B

Mooe

IT

Jan.
8lni>e Jan.

IMi

t,

1, II

ToUOo4 wkn.. Mar.. ISRfi

4»ki..Mar., tS44
Ulnca .Ian. 1, 18X5
Slnoo Jan. 1, 1881
JVtrott—
4 wka.. Mar., 188B
4wk'<., Mar., 1884

Since Jan. l,isas
Since Jan. 1, ISM
4 wkB., Mar., 1889
4 wks.. Mar , 1884

Since Jan. 1, 188S
Since Jan. 1,1884

Pforia4irks.,M>ir., 1886
4 »k9.. Mar, 1881

Jan. 1,1885
Since Jan. 1, 1884
»ilnce

4 wk... Mar., 18B5
4 wkii_ Mar., 1881
SInoe Jan. 1,1885
Since Jan. 1, 18^1

Total 0/ nil—
4 wka., Mar.. 188S

fll)7,917

4 wkn., Mar.. IHsl
4 wk9..Mar., 188a

S98..S54

711,a55
Since Jan. 1. 18x5 »,,.„^.„«
2,150.583
Since Jan. :,18K4 l,W\.Wri
8inceJan. 1,18831 8.3T9,tl«KI

Thus

in

HI8JM7
1.115.148

wheat there

is

a pretty general increase, both at

be ascribed to the influence of the corn the winter-wheat points and the spring-wheat points, but
the St. Paul gains $293,000, while the in com, while there are gains at Chicago, Detroit, and

Northwest gains only $171,000. In 1884, the loss on the
former was only $254,000, while on the Northwest it was
$328,000.
Corn having, however, begun to move, it may
fairly be assumed th4t the differences in results in favor of
the St. Paul will hereafter become less marked.
It is not to be supposed, though, that the wheat movement is running smaller than a year ago. That is not
the case.
There is still a heavy increase, but the volume
of the movement is no longer what it was, and con.
sequently

Louu—

4wki<., Mar.,
4 wka.. Mar.,

expected
example,

216,000 bushels,

to

count

there

loss of earnings in

was

gain

a

is

as

—

Louis and Toledo

the other hand, heavy losses at St.

at the latter point the receipts of

Appa-

insufficient to offset the

other respects, and consequently such

the

staple being only 356,000 bushels for 1885, against 1,090,-

The

000 bushels in 1884.

receipts at

these ports do not

always correctly reflect the grainrmovement over the

rail-

roads in the territory tributary to the same, but at least
the falling off

now shown

in corn should be borne in

mind

in interpreting the results in the district east of the Missis-

between the lakes and the Ohio River.

sippi

"We

find

gains in earnings on the Cincinnati Indianapolis St. Louis

&

Chicago, the Cleveland

Akron & Columbus,

but the total receipts Central (Main Line), the Chicago

altogether at that port were only 292,586 bushels.
rently the gain in that item

for

Peoria, there are, on

however,

Eastern

the lUinoii
Illinois,

tha

k

Indiana Bloomington
(usually,

&

less

Western, and the Ohio Central,
than the losses in the preceding

year), while the Evansville

& Terre

Haute, the Peoria Dec**

St. Paul & Duluth and the St. Paul Minne- tur & Evansville, the Cincinnati Washington & Baltimore,
apolis &: Manitoba are compelled to report a further and the St. Louis Alton k Terre Haute, report diminished
decline in receipts, even after a loss in 1884. The Manitoba totals.
The two latter are probably influenced by the
particularly loses a large amount, but that road has also state of tmnk line business as much as by anything else,

roads as the

the element of increased

The

St.

Paul

& Omaha

—$13,000—and comes
$26,000

—

competition to contend with.

likewise has a

loss,

but

after a gain of twice the

it is

small

amount

Roads in Iowa, or running through
that State, have improved totals, but these roads suffered
last year from a snow blockade and, besides, probably had
a heavier com movement this year. Among them may
be mentioned the Burlington Cedar Rapids & Northern,
the Central Iowa, the Des Moines & Fort Dodge, and
the Iowa Division of the Illinois Central.
The heaviest
loss by any road in our list is that of the Northern Pacific,
and the explanation of it given is that the Coeur d'Alene
in

1884.

gold excitement which produced a great increase of business in the previous year, was not an influence this year,
80 that the earnings have merely dropped back to their

and as
it

is

their present losses are additional to losses in 1884,

easy to see that

the great east-and-weet trunk lines

The heavy
well.
shown by the Grand Trunk of Canada ia evidence
to the same effect.
The St. Louis k San Francisco and the Chicago &
not in our

list

cannot have done very

decrease

Alton

—running

into,

or connecting with, the Southwest
Louis Fort Scott

again have a decrease, but the St.

&

Wichita has a small increase, and the roads forming the
line between Kansas City and Memphis, namely the Fort
Scott & Gulf and the Fort Scott k Memphis, continue to
The Texas
swell their receipts in a very marked manner.
k St. Louis also records considerable improvement.

Texas the contracted cotton movement still
exerts an adverse effect upon railroad business, but we

Down

in

—

..
.
.

.

—
—

.
.

THE CHRONICLE.

442

[Vol. Xli.

have no prominent road from that section in our list. The
Kame of Road.
& Denver has a small increase. In other
Mexican Central
Southern States the diminished cotton movement has Mdw. L.Shore & West'n.
Milwaukee
Nortliern.
likewise been an unfavorable feature, hut the falling off Mobile i&Ohio
Norfolk & Western
in earnings is only moderate, nevertheless, and in many

1885.

1884.

Increase.

Decrease.

Fort Worth

9)9,359
248,415
130,065

>fe

cases there

cotton

is

movement has

KBOBIPTS OP

How

actually an increase.

insignificant the

been, will appear from the following.

SOUTHERN PORTS IN MARCH, AND FRaM
31, 1S85, 1881 AND 1883.

COTTON AT

MARCH

JAN. 1 TO

56{),,i95

619.102

Northern Pacific
Ohio Central
Peoria Dec. & EvansviUe
Riclimond & Danville...
Char. Col. & Augusta.
Col.

&

1.809,973
243,1031
176,371

987,843
237,165
211,716
1«9.421
105,899
250,658
298.976
197,479
119,719
1,001.310
2 1 2, 198
1,433,750
222,354

Greenville

Georgia Pacific
West. Nor. Carolina.

.

Rochester* Pittsburg..
Since January

March.

1.

Ports.
1884.

1885.

Galveston

bales.

6,912

37,070

370

108

Orleans
Mobile
Florida

69,717

70,311

4,171

6,434

9,463
5,029

Savannah

11,583

18,145

24

20,182

103

353

1883.

118,447

211,991

1,280

703

2,217

360,783
47,609
23,843
91,409

874.805
47,706
15,696
99,833
1,262
82,718

627,( 20

2,509
18,100

11,3^9
38,008

1885.

72,863
511
167,653
12,985

160

10,164

1884.

61,391

1883.

Indianola,

&c

New

Brunswick, &c
Charleston
Port Royal, &c

1,081

6,060

12,130

138,318

202,921

427,981

2,577

1,351

82

330

21,274

Norfolk

27.018

West Point, &c
Total.

66,950

38,018
8.811
0,558
1,022
61,944
20,828

Wilmington
Morehead City, &c.
.

1,233
61,003

87,111
6,091
181,612

200
137,496

10,119
1,633
100.167
33,825

2,061

7,643

133,791

222,5,15

53.198

63,076

803.012

944,755

1,630,661

"We here

find a heavy decline at all but one or two
and the decline is all the more noteworthy
that it comes after a heavy falling off in the previous yearAgainst receipts of 427,961 bales in 1883, the movement
to

fell

202,921 bales, and

now

—that

less

drop to 138,318 bales

to

is,

there

is

a further

than one-third of

the total of two years ago.

That Southern roads have

done so well generally, despite

this

item of

their principal

traffic, is

great decrease in this

a strong point in

their

Of course, some roads have done better than

favor.

others, but

not necessary to particularize; the figure^

it is

will speak for

light of the

Louis & 8. Francisco
Paul & Duluth
Paul Minn. & Man...
'Texas <k St. Louis
Tol.Ann Arb. & K. Mich.
Wabaah St. L. & Pao.
at.
St.
St.

3,773,061

.

47,001,726

As

3,524

13.183
34,809

29,573
303,171
1,71S
12,867
37,999
20.626
23,375
28,516
13.T20
29,048

72.753
9,151
2,619
60,669

1,084,979
198,857
1,556,535
188,551
47,161
3,885,363

13,311

122,785
53,803
17,739
112,30,2

45,835,992 2,906.2H

Our exhibit

net

of

earnings

—

—

—

—

GROSS AND NET EARNINGS TO LATEST DATES.
February.

Jan.

Qrosa
Operatim
Net
Eamingfi. Expenses. Earnings.

Alch. Topeka

&

Santa Fe-

be said in addition to what
in previous reviews. Considering the character
of the weather we have experienced, and the generally
unsatisfactory state of business, the comparison with 1884
is much better than might have been expected.
There are

—
—

good many roads that have fallen behind mostly
because of the weather or some special influence but it is
quite a

a gratifying circumstance that the gains offset the losses
and leave the aggregate ahead of the total for the corre-

sponding period in the previous year.

Following are

full

GROSS EARNINGS PRO.M JANUARY

1

TO MAHCn

65,3,222

5S3.914

*
411,626
583,076

*
2.180,446
2,339,368

1,188,360

202,5J7

&,

161.060
147,285

41.477
51,679

426.256
415,827

92,364
114,829

834.151
363,966

68,123

244,639

dM8»,327

821.311
151,129
499,284 llf.2B6,5e7

181.677
199,010

4S.68S
45,910

$

856,432

North.—
S!01,«64

Canadian Pacific—
1»S5
1884

.

400.57-

.

Chesapeake

1»5

& Ohio—

18H4
JSllzab.

hex.

&

67,023

511,004
516,603

114,394
132,633

35,019
37,955

13.633
8,291

104,823
93.3aT

28,137
11,800

83,12'

36.41

Big Sandy—

Il*-5

1F84
Ches. Ohio & South West.—
ias5
1884
Chicago Burl. & Quincy
)8»5

80.425

78,433

29,050
1,992

227.701
185,119

54,964
16,455

1,601.915
l,9ri.0I3

1,101,227
1,012,847

498,688
9;8,166

3,594,399
8,610,233

1,361,218
1,593,680

22,104

18.610
19,810

3,464
def. 190

42,272
4ii,813

5,109
del.1,775

27.725
27,215

20 990

6715

18,256

8,959

62.930
53,099

11.185
16,130

114,795

638,380

192,732

47.237
61,880

19,719
15,660

]12,18(i

1-84

Connotton Valley—
1HS5
1884

19,6,!0

4

Ft.

Dodge—

18F5
1884

& Georgia-

East Tenn. Va.

31.

to Feb.

218.091
266,078

1884
Burl. Cedar Hap.
1885
1884

Des Moines

details.

1

Qrosa
Net
Earnings- Earnings.

1.051,748
1,167,020

lSfe5....

31, there is little to

and

covers February,

though rather variable in results, is on the whole of an
encouraging nature.
The Burlington & Quincy has a
heavy loss because of the weather, and the Pennsylvania
because of that and other adverse circumstances, and the
Atchison likewise loses heavily in net, but aside from
these the returns are pretty generally satisfactory, and in
some instances very favorable indeed. Thus the Pacific
roads Canadian Pacific, Union Pacific, Central Pacific
and Northern Pacific all have large gains, and the
Louisville & Nashville is distinguished in the same way.
The New York & New England, the Northern Central,
Oregon Improvement, and the Eastern Huntington roads
barring the Chesapeake & Ohio also give a good
account of themselves.
The following embraces all roads
from which returns can be obtained,

of the staple at each port, as set out

regards the statement of earnings for the quarter

1,740,479

11,165,731

in the foregoing table.

ended March
has been said

345.320

Includes three weeks only of March in each year.

themselves, and they can be studied in the

movement

65,20(1

Total (53 roads)
Net Increase
*

1,882

ffilnor ports,

in 1884

ScL.A.&T.H.mainline..
Do do (branches)
St. L. Ft. Scott JcWich..

614.038
261.939
116,882
525,786
618,675
2,113.144
244,821
189,238
019,844
216.539
188,311
14O.0OS
92,179
221,610
371,729
206.630
122,338

1885.

a 690.220 a 284,803

Soston Honsac T. &. W.
"Burl. Cedar Kaji. <t No,
Canarllan Pacific
Central Iowa

•Chegapeake & Oliio
•Eliz. Lex.&BlKSandv*Clic8. Olilo Ji8.

711,547
145,1371
31.^,147i

. .

CUc.St.P.Minn.ifeOmalui
•Ohic.iKO & West Alich...
Ciu. Ind.Bt. L. .tChic...
Cin. iVaeh. & Baltimore.
Clere. Akron A Col

Denver & Rio Griinile.
Denver & Rio Gr. We.st.
*Dea Moines -& Ft. Dodge
.

Detroit Lansing & No. ..
'JSvansv. & T. Haute
Flint it Pere Marquette.
Florida R'y & Nav. Co.

Worth & Denver ....
t ttraml Tr. of Canada.
Ft.

.

CentraKin.Dlv.)....

Do
Do

616,22a
l,291,S4Ii
288,8761

W

OhloaKo <fe Alton
Clilo. k Eastern lUiiioisShlcago Mllw. & St.Paul
liicaKo & Northwest

m.

nR„'557'

1,862,8971
381.1'.'4

14,'),!)47

4 3 2,0 1)0

262,483
78,364
3,493,090
1,521,990
3 19,620
56 i. 151

•K.in. City Ft. 8.

583,457
406,512
163.400

&

Mein..

Kentucky Central
l«ng Island
Louisville

&

Nashville..

•Mara. Houghton

ifeOnt..

•Includes three weeks
i

34 (,940

301,214
494,154
437,374

79,410
236,036

465,191?
3.514.7,32
..1.9Bh

65.395
6a,732

47.7.85

7,610

45,358

7,3H

114,678
104,830

18,498
17,654

1,083,308
1,0:5,181

678 450
718,127

404,858
302.304

2.254,0)7
2,051,748

881,838
005,746

174.919
210,495

106,(),34

119,221

69.88 i
91,274

869,903
397,48

148,774
166,004

T

1,371,634
1.496,391

1,135.797
1,258,173

2,W.827
238,221

2,0S7,0n7
3,063,005

106,165
3^3,991

226,090
252,603

212,355!

78,494
40,248

456,516
495,618

123,286
67,177

10f),528

1,129,614
163,316

1,070, 34,;
40-\:ill

547,031

1885
1884
Nautiv. Chatt.
1886

74,948

54.652

N. Y. Lake Erie & West.*—
18*6
1881
N. Y. & New EnBlana—
1885
1884

fe8,41S

Norfolk

102.226
36.952
3,304

& WesLern225,357

137,849

72,806
88,008

426,01!
438,377

176.362
171,381

389,049!

304,.551

39t«,«l»|

136,819
1 19,676

793 265

1884

252.236'
278,9871

808,469

256,168

168,009

620,085

+101.955;
+428.803j

1,123.516
1,1»4.1S8

281,017
256,091

818,050
225,133

171,098
203,831

40,962
21,282

2.245.211
2,302.151

1,124,570

208.200

I49,2S4

.68,916

246,0b5|

155.083,

01,032

1,794 645 1,154.378
8 002.342' 1,368,717)

6(tf,625

196,281

1884

I23.475I

Northern Pacific-

62,145

r8V,726
"6.056

429,463
liV,452
121,425

ists
1884
OreiTun
1S85
1881

569.9641
.,

233,300
14,589
26.52H
272,266

445,174!
488,518,

88,003
74,910

Penn. (all lines east ul Pittsburg & Krie)18(<5

1884

55",691

01,l!82

Improvem't Co.

Phll«delphla

16.126
76.901

173,212
148.811
438.669
3,242.486
55,010

l.)2,80:

i

1885

'3,063

508, j5t;

Louis—

1886

31.811
3,986

'

St.

Northern Central

16St,220

"4,623

&

1884

37;i84
373,113
5,442

2i)a,181

141,319
596,786
259,430
84,120
3,923.053
1.414,533

& Nashville—

25,420
44,781

72,4.-.4

111.87-*

& Denver—

lcit-5

3,075,
S.J26.

&

830,489

0,3.53

222

7,000,066

1,821,063
2,290,715

Ifirie—

1S«5
1884

430,217'
12.265,
462.265,

123,749
139,
130,382

PhiPtdelphla&UeadinK*18f6
1884

3.044

March in each year.
f To March 28
Not iadudlDg Indianapolis Decatur & Springfield in either year.
oul.v of

21,833

1881..
Louisiville

11,189
53,079

1.146,552

((owaDiv.)..
Jtndiana Bloom. & West

•Kan. City Sp.

324,296
756.328
133,948
262,368
1,937,^45

215,7!»B

19.i.l2i)

28,2.80

0,419
6,953

Fort Worth

Kent'icky Central—

512,48:.

1,091,«00

l,29S,8:i4

Decrease.

6,77
47,701

77H,H,59

4,77.1,45

1.1^11.707

Gulf.

91,7
568. 52S

4.572,887

(South. Div.)

&

Increase.

4,778,1)00'

5HK.38o!
474,326'
101,832

I.MOO

1885
lasi

1884.

4.946.0001

.

200,016
205,59"

24,519

IS,-^

Road.

811.894
820,392

1885

Kame of

610,267

,8,61 1.011
4.1118,
8.14 il

1,2)3,1
,667

1S97, 767

oNot Including the first fix days of WS, during which time the ro id was not
operated by receiver; and during .lar.uary expenses were unusually small,
receli^er making only such outl -ys as were absolutely necessary.
• racluding 6r* per cent of earnings and entire working expenses of the New
York Pennsylvania & Ohio

Itailroad.

operations of Central of Neir Jenej In both yeari.

«

Kmbmclng

t

Not including taxes and

rentals.

;

AtKtL

THE CHRONICLE.

11. 1885.]

m>ruarv.

Jan. t In fib. 88.

Optrattng
tfti
Baminfa. tkeptnam. BanUngt.

Bamtntt. Bm<noi.

1.000.814 daf40.10S
1.047.500 detBO.TTT

1,814.411 dflOI.O!l7
1,036.700 at 182.443

Onm

Otou

Phiu.A Read. Coal A Iron—
lW-5

QflO.iWS

1MM4

»au,7iu

Union Paclflil—

I>W,»4«
1,M0,7M

Utiili ('6ntr»l—
1N-<1

1S84

West JeraoT—
1888
1884

«8>).8m
se8,5»a

8.079.448

S3.780

3T,«25
BS.8«e

17.681
W.<I04|

140.S7B
150.718

eo.eei
47.V01

M.M4

IS.'il

I.1R1,0«7
1,272.154

iu.3oe
7S,438

IHM

40.851
41.480

7.OTB
<5.708

197.084
188.486

9n.0M

87.188

NAM!.
*

«

1J570.780
1.4 10.785

I8(M

X

1.047.748
1.241.164

8

78.887
74,aos

1«7.01'4

!25.4«5

GnlY«9ton Har.

A

Mexican

84.647
51,220

197.034
125,425

crop.

HTATI8TIC8 OV COTTOII MILLS
iVo.

84.647
51,220

331.124

82.700
23,010

211,007
984,134

82.760
23,010

20.801
20.745

10,007
20.011

80,828
80.666

10,007
90,011

65.075
04.086

A New Orleans—

ltW4

41.866
&7.6I2

03,709
87.374

Grand Trunk of Canada206.1R1
20S,6»7

25.S.578

852.088

A Or. Trunk—

IKSiT

953,578
982,088

47.301

7.252

40.401

7.2,12

5,10l|

43,009

5,101

2,4(15

1S,517
16,082
1

2.4"5

318.832
100,285

167.754
16,215

UaTen A Mllw.—
18.'M7
10,082

570

1.\512

«

t

«

161.178
183.070

318.032
108,285

ises
18S4

47.!«)3

18.05!!

43,0110

Mexican Central-

£

43,230
S7,08M

48.401

ISM

93.708
37.374

f:2^

4r.393l
47,3ull

I

157.754!

10.215

570

AbltM.

of

Out

.Vpimti'i

90348 1,140

Maxloo
Hidalgo
San Luis Potosl.
Goanajnaio
VeraCrua.
Poebls
FlUcala
Guerrero

16.T78

9.500

987
600

OSXMS
Jalisco

Coahalla
....

Yucatan

15,000

90,000
19,000
10,000
19,000

8.745 lM.433.176

$0,071,775

80.000
200,000
59,000

lB^aoo
881,000
47.000
111.000

170

805
179
210
05
30
20
15
85

500

80.000
131,000
61.000

{

OoH

o/CMton. |v«rI8.
ilrzU'Ha»mtltUU
.'I.560.080

IMOjatO

M

200,000
874.900
810.000
9.980.000
5, 180.800

18 •*
99 ••
98 90 ••
••
98

,

>

580
780

760

0}n»*m9*n

ThUll
VatUt.

$790,000 '81,198,000
865.178
403,775
82,000
139.000
950.000
600.000
100.0CO
906.000
277,000
7I9.0OO
1.237,000
2.364.000
45,000
70.100

frtO

000
700

Zacatecas
Affuas Callente.

<

35,000
18n.0«O
550,000
122.000
409.000
007,000
107.000
988.600
106.000
978.000
146.000
49.000
97.000
18.000
98.000

10,000
4,600
10,000
21,000
3.760
6,030
7,200
6.550
3,100

Sonora

To the Editor of the Commercial Chronicle:
Dear Sir The lack of commercial exchanges, and without
regular and systematic crop reports such as are common in
this country, Mexican cotton statistics have hitherto been
almost unattainable, but now, owing to the indefatigable zeal
and studious research of Consul Plutareo Omelas, M. D., the
efficient Secretary of the Mexican National Commission to the
World's Industrial and Cotton Centennial Exposition, reliable
facts and figures regarding Mexican products can be presented

73
80
400
600

2.500
6,800

Dmango

FA CTURES.

1,989

4,500

Queretaro
Chllinahua

Nuevo teon

190

8.668
26,200
65,580

MIoboacan

THE MEXICAN COTTON CROP AND MANU-

873
48

1.040

gina'oa

B/

Machinery

redaral District.

Collma

S Sxponses include taxes ia both rears.

.

« MEXICO.

208.021

80.808
50.880

18t>0

Det. Ur.
1»S5
•
1884

entire

69H.fl08

SI 1.007
S64.1S4

,

Chloyjo

Now refer to the following table of the ootton manafsctorea
of Mexico, which has also been prepared by Dr. P. Onn«U«^
and it will be seen that Mexico requires In aTerage yean aboat
12,800 bales of cotton from the United States in addition to tb«

«

I

1.570.756;
1.440,785

208.821

Jnn. 3L

oop woald

be about 67,810 bales.

nau

Louisiana Western-

1885
1H81

*

(123.008

80.1^06

1 to

three hundred and fifty Mexican pound*, tho total

San. An.-

issa
18»4

Texas

Jan.

Mon

This k MMtoottoB, or ootton
tt In* boi
taking these flgurea and computing tha jMA ot tiat ootton to
be but one third, which ia the totimmte of on* of the l«Mt
favorable American consuls in Mexico, and with bales of kbont

Kast. Illloola—

i8«s;
I8»l

ises
18S4

7.974

Januaru,

Central Paolflc—
1(«W

OblcaKo

Nit

448

,

I

I

I

'

'

980,000
80.000

*

94)tf'

•

1.200.000

94
17

2.900,000

W

••

18

-

••

670.000
1.580 COO

IS "

2,1'M,000
480.000

••
18
17 "

490.000
980.000
78S.0OO
898,000
180.000
89.000
40,000
70.000

J8M"
18 "
!«<••

18 "
90 "
••
90
90 "

:

in English for the first time in the history of that country.
Hitherto the estimates of the world's cotton crop either
omitted Mexico entirely or else lumped the crop of that
country by guess work, and consolidated the amount with the

little-known cotton producing
been far from satisfactory, and one
of the oldest, if not the oldest, cotton-producing countries of
the world haa been almost entirely overlooked.
Cotton is indigenous to Mexico. Tliis is proved by the fact
that when Cortez landed in that country A. D. 1531 he found
the natives clad in cotton fabrics made on rude hand looms
similar to those anciently used in India. A further proof of
that fact is here now in the form of a small triangular piece
of cotton cloth found by the distinguished Mexican archiologist, Senor Alfredo Chavero, in an ancient stone burial
casket in a cavern in a large ravine near Tejupiloo. in the
State of Mexico. Judging by other objeote, such as idols,
ancient ceralnics, sea. shells, mule bells, etc., found in this
cavern, it is clear that this relic of the early cotton manufacture
of Mexico belongs to an epoch not far removed from the time
of the landing of Cortez. The body of a Yavijizqui ocelot!., a
species of mountain wild cat, found in the casket, shows it to
have been the place of sepulchre of a distinguished warrior.
Tradition further states that long prior to the conquest of t)ie
country by Cortez the victors in the internal wars of Jtexico

supposed product
countries.

The

of

other

result has

.

Received their tribute in cotton, which shows a cultivation of
the staple in remote ages. It is also stated that the ancient
acreage devoted to the crop was much greater than that of

recent years.
Dr.

from

P. Omelas, in his studies
official

on

reports to the Mexican

this subject, has

Oovernment

prepared

the following

tabulated statement of the Mexican crop of seed cotton,
mated in Mexican pounds of sixteen ounces each.

esti.

SCM.MAnr OP MK.\ICAX COTTOS CHOP BY STATES.
Statti.

\

ilextcan
pounds.

Coahulla...

5,014,620

Colima...
Cblhutthna
Saranno...

Stnaloa

1J58/»1I
0,007,188

Guerrero..

Tamanllpai
Vera Cnu

4,ZU.705

Hidalgo
Micboacan.

1.003.609

Jalisco

»i

;

)

m^.

546.906
1

Total

217,804

25.8*8,900

That cotton should have been cultivated for so long a time
under the most favorable influences of soil and climate, and
with such progress made in cotton manufactures as is the
case in Mexico, and yet the crop remain so small, is a point
which misleads many cotton experts. Take, for instance, the
Laguna district of Mexico, a beautiful valley which is subject
to an annual irrigation through the overflow of the river
Nazas which traverses it, and serves the same purpose for its
district as the Nile does for its district in Egypt, leaving a
very rich alluvial deposit over tho entire valley and often
several feet in depth, thus doing away with all need for
manure or other fertilizers. In this valley cotton grows to be
a small tree, and Senor Donate Gutierrez, who is probably the
largest cotton planter in Mexico, and who is also the perfecter
of six distinct varieties of Mexican cotton, states that it is
only necessary to plant some of the varieties once in twenty
years, that being the life of the plant. Other varieties, howevei;,

are annuals,

district of the

to tliose grown in the cotton
Cotton plants twelve feet high

and similar

United States.

are so common in the Laguna as to excite no surprise, and
Senor Gutierrez has counted as many as a thousand bolls on a
When these statements are considered with tho
single stock.
fact that intelligent labor is abundant, and costs only from
twenty-five to fifty cents per day, and that the latest improved
agricultural machinery is being used in the cultivation and
care of the crop, the small number of bales raised will

cause surprise until the ravages of the cotton worm
no
considered.
It is only necessary to say that
taken by Mexican planters to guard
precautions are
against the worms by any of the means in common use in the
United States. Such an expedient as fires at night to attract
and destroy the moth is uoused, and neither are any of the
poisons used to destroy the worms. The worms come and
make a clean sweep. It is conBdently predicted by those who
have given this subject their i)ersonal attention and study that,
with the adoption ot those precautions ag-iinst the cotton
worms which the experience of American planters has shown
amount to conto be effective, the cotton crop of M.-xico wUl
but wso as
siderable importance not only in the home market,
that
one of the leading exports of that country. Certain it is
and
Mexico is well Tcpresented at tho World's Industrial of
its
exhibits
Cotton Centennial Exposition, not only in its
most distinnatural and manufactured products, but also in its
NsUonal
guished scientists and scholars who form its resident
thy
Commission. Besides this there are a large number of weal
at
who are
capitalists and land owners of that country
the Exposition engaged in studying the anon* ?*"'"'? «f
modern machinery, etc., for the purpose <>' »^°Pii°«!?Sri of
developmMrtor
the recent inventions are are best suited to the
Mexico.
_
aurces oi jnexjiu.
the unparalleled natural resources of
'^
«"-—
lA
are

V^mM

NueTO Leon

3,584,625

87

Total.

60.1^,400

Stephen Gould,

r Camp Street, ^" OrleaiM,
* New
I

—

—
"

.
.

:

THE CHRONICLR

414

[Vol. XL.

and a return of ease may be calculated upon, as the commercial inquiry

BATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
XZOHASQE AT LONDON-Uch. 27.
On—

Date.

121% »12-2%

Amsterdam.

War. 28
Mar. 26
Mar. 26
Mar. 26
((
20-69 S>20-72
Frankfort...
Mar. 26
i.
Vienna
12-50^®12-50% Mar. 26
"
Antwerp. ...
2o-n7'^-S:25-C>2h Mar. 26
Paris
ClKCkB 2rv35 ®25-40
Mar. 26
Paris
3 mos. 25-58'4®25-61>4 Mar. 26
•'
Bt. PeterabV
2418 92114
Mar. 26
It
•25-76 14 ^SS-eii^ .Mar. 26
Genoa
*i.
Naples
Mar. 26
"
Madrid
4614W4B38
Mar. 26
"
46i<®46%
Cadiz
Mar. 26
*'
Lisbon
51Uib®51l3i„ Mar. 28
**
Alexandria
Mar. 26
n
Coustant'ple
Mar. 26
New York... 60 days
.\Jar. 27
Bombay
dem'ud
Is. 6l5igd.
Mar. 27
'*
Calcutta
Is. 615,td.
Mar. 27
Hontt Kong.
....
Mar. 27
BUangliai
Mar. 27
Short.
Arasterdaoi. 3 mos. I233l ®12-4l4
'*
Hamburg..
20-68 -*20-72
"
Berlin
2069 »20-72

I

The

From oar own

Time.
Short.

......'

Joint

m&

8^3

2050

Mar.

3M.®

12-43
25-40
25-38

"
"
"

3 mos.
Short.

25-45

3 mos.

47-80

•»

13
20
27

--

3
8

3

3
3
3

3J<-3J<

-..ms3>i

3

3M® -

3

3M-8K

an
ax

an 2«-2«
2«

- 3M3 - 8!^^

- 3«3

3«®3« 3HO 3>iO

-

— SMno.uiSMnotn

ajg®

® -

3

to It

Day.

SH&m 3J<a -J3«S3M 8J4®1
3)^3 — »>ft»3M SH& - dl^aSVi

35sasx

- sxa

At T
Oall.

8

SHiSSX
-8?Sa3)i!3M*S«3M<a85g

<»

3H-SM
3!«-8J4

The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols,

and other items, compared with previous years:

(*

1885.

•i
«<

60 days
tel. tsfs

"

4 mos.

110-00
4-84 14
Is. 6i»i6d.
Is. easajd.
3s. 6%rt.
4s.

lOM.

7-day and

1883.

1884.

B

Cnroolatlon excluding

1882.

M

M

Ji

24.648,935

25,103.530

12.450.-J30

10,84"i,936

25.333,ti92

Public deposits
Other deposits

23,8 17,845

11.897,477

oilier bills

22,569,025

22,865,747
13,361.623
23,310,332
12,965,3^3

Sovernm't securities. 14,651,801 12.15.<,06J
Other securities
23,121,780 24,454 897
Res'veofnotes&coln 17,923,737 16,5S1,490
Coin and bullion in
both departments.. 25,991,382 25,480,125

25,166,110
10.074,368
24.042,810
13,396,649
24,61.7,458

14,666,854

24.082,961

22,313,873

Proport'n of reserve
1385.

surprise to her.
That there could b3 any extension of commercial or industrial enterprise uuder existing circumstances, is. of course, out
of the question. In the hardware districts quietness is as

very little activity in other
branches. The wool sales appear to be going off well, particularly for choice descriptions, and both Continental and
home buyers are operating with fair spirit but the aggregate
extent of business remains small and continues to compare
unfavorably even with the bad times of last year. Wheat has
responded very slightly to the war scare, and cannot be quoted
more than Is. per quarter dearer, while business is far from
is

;

The failure of Messrs. Scaramanga,
Greek firms in the Russian trade, reported
during the week, with liabilities estimated at £360,000 and with

active at the improvement.
largest

assets subject to realization promising a dividend of lOs. in the

pound, was, like that of Messrs. Spartali, mainly due to the
continued depreciation in the valu9 of wheat. The firm's
losses in the 18 months have been estimated as high as
iB200,000 on grain alone. The immediate cause of the suspension seems, however, to have been an attempt to retrieve their
position by dabbling on the Stock Exchange, and as like the
majority of outside speculators they preferred the " bull
iack and had given a preference to such risky stocks as Grand
Trunks and Brighton A's, they have suffered rather severely
it is

Billt.

Four
Three
Six
Three
Four
Six
Stock
Xonthe Months Montht Montlu Months Months Banks.
Feb. 20
• 27

The gravity of the situation has not diminished,
but neither have hopes of the maintenance of peace been
abandoned. We have been fluctuating during the past few
days between optimism and pessimism, and for the moment
the latter appears to be in the ascendant. The unwonted and
unexpected display of energy by the Gladstonian ministry,
and the rapid mobilization of forces, will no doubt have a great
deal to do with preventing an actual rupture, as Eussia had
e-vidently not couated upon anything but a war of words, and
the prospect of real fighting must therefore have come as a

to the extent

for deposits by

20-50
20-49

eventuality.

one of the

Interest allowed

Trade

X2 10

oorresponaent.J

and there

money.

ratee.

Sate.

London, March 23,
week has not witnessed any improvement

clearly defined as ever,

Op«n market

UmSan

in the
political situation.
The calling out of the reserves and the
reserve militia can only be taken to mean that the Government
have recognized the necessity of being prepared for every
past

restricted.

are the present prices for

EXOHASaX ON LONDON.
Lateit

SaU.

Time.

remains

The following

said of £-35,000— and the fact of their being

Unable to meet these differences has expedited the crisis and
compelled them to call a meeting of their creditors. It is a
matter for congratulation that the fortnightly settlement
y-which was concluded yesterday was arranged so easily, when
the further serious fall in home railways, and Grand Trunks
The position of the stock markets
is taken into consideration.
just now is anything but satisfactory. The only department
in which steadiness is at all apparent is that for American
railways, in sympathy with the improved New York advices.
Money has been rather wanted during the week from a
variety of causes. A heavy instalment fell due on the last
New South Wales loan, and in addition there was the Stock

Exchange demand to meet, besides the quarterly payments
and the subscriptions to the Commissioners of Sewers 3J^ per
cent to loan for £1,000,000. Floating balances have consequently
been reduced, causing quotations rather to harden. In a few
days, however, we shall have^tbe dividend money distributed.

3ia p.

973iftd.

40 mule twist....

378. 7d.
S^sl.
O'gd,

o.

The Bank rate

of discount

p. c.

101d%.

42s. 4d.
41s. Sd.
5d.
S^itA9\(l.
lO's*72,.507,000 100,067,000

and open market

now and

3

3 p.o.
102i8l.

Oleu-ing-Houseret'n. 89,559,000 107,630,000

chief Continental cities

42%

3S>4

3 p. o.
102iiRd.

Sis. ll.L
5=9d.
9'4d.

Consols
Eng. wheat, av. prioe
Mid. Upland cotton..
No.

47%

47-96

toUabilities
Bank rate

rates at the

for the previous three

weeks

have been as follows:
March

March

26.

19.

March

March

12.

6.

Kates of
Interest at

Paris
Berlin

Bank Open Bonk Open
BaU. Market Bate. Market

~B

aH~

Hambnrf?

Amsterdam
Madrid
St.

Petersburg..

CopenhaKen

5
6
6
8
3

*H

4«
8«

8

8

Open
Market

4
8
4

4

4

Messrs. Pixley

& Abell report

SH
8M

Bank
Bate.

~1^ ~~a

4«

4

Frankfort

3^
SH
SH
i%

Bate.

~8

~a

S
5
S
3
3

Bank

5
8
6

4
4

3

8

*

iH
*H
SH

9

8

4

4

3

4

as follows

W
2M
2M

4
3

8

sa
8

OpOt
Market

on the

iH

2M
*H

t
8
4

!

8

8<i

state of the

bullion market

Gold— The order for Spain has now been completed, and with tlio
exception of a very small amount bought for India, the bulk of tbe
arrivals hare been taken to the Bank, which has received since our last
«346.O00. The PesUawur takes JS 10,000 to Bombay.
Silver has fallen away rapidly from our last qsotation of 493i«d., partly
owing to a large remittance from the River i'late arriving at the same
time as the usual fortnightly shipment from Chili, an! also afterwards
to the very small and unfavorable allotment of India Council bills,
followed by the announcement that the India Couacil Intend offering a
further 5 lakhs for tender next week (being the comraencement of the
financial year), and we now quote 49d. flat. The Valparaiso brought
Horroi. «64,00O from River Plate; Celtic,
«38,000 from Culli
*14,000 from New York. The Peshawur takes *133,0O0 to India.
Mexican Dollars— The arrivals by the last French steamer were disposed of at 48'8d. per oz., showing a considerable advance on the last
quoted price. The rate subsequently declined to 4Sd. per oz., in sympathy with the lower quotations for silver. The Clyde takes «98,73(>
10 the East.
The quotations for bullion are rei>orted as follows:
;

Price »f Gold

Mar. 86.
i.

Bar gold, flne.. oi. 77
Bar gold, conUin'g.
80 dirti. sllver.oz. 77
Span, doubloou.os.
B.Am.doablooB8.os.

Mar.l9.

d.

»

77

im

Price of BUver.

d.

s.

9

77 lOM

Mar.

26.

d.

Bar silver. fln«..oi.
Bar ellver.oontalnliisSgrs.gold..os.
os.
Oake sIlTsr
Hezle&n dole. ..oi.

.War. 19.
d.

4S

49 3-18

4»W
B8M

49 »-18
53 1-18

48

The number of failures in England and Wales during the
week ending March 21 was 95, or 15 more than the corresponding week of last year, but there is a net decrease to date o£
The number of bills of sale published in England and
107.
Wales for the week was 251, or 6 less than last year, the
decrease to date being 33. The number published in Ireland
for the week was 81, being 19 more than for the corresponding
week of last year, but showing a net decrease to date of 25.
Tenders for £1,000,000 Commissioners of Sewers of the City
London 3)^ per cent debentures amounted to £1,048,900, at
prices ranging from 100 to the minimum of 96. Tenders at
96 received about 91 per cent of the amount applied for, and
those above in full. The average price was £96 10s. lid. per
of

cent.

Some of the largest shareholders of the late Oriental Bank
corporation have requested the official liquidator to convene
a meeting to consider a scheme for the formation of an assets
company, to acquire any assets which promise great improve*

.
.

APBIL

THE

It, 1888.]

(.'HRONICLR

ment in Talue, but which require in the meantime to be the
subject of outlay. Thig scheme may enable the shareholdori
to recover a material portion of their loet capital, wliich in
the abaonco of such an armiiRoraent Beema irrevocably gone.
The olTicial li<|uidator e.stiinatea that the ordina.'y courae of
winding up will give the creditors less than SOe. in the pound.
The grain trade has boen in a rather fluctuating state during
the week. The opening was dull, and wheat waa not held
with steadiness in fact, had their been an inclination to force
sales, prices might poasibly have given way
but as the week
progressed the tone became stronger, and when it waa
announced that the reserve and the militia would be called
out, there was a distinct exhibition of steadiness, wheat being
quoted at an advance of Is. per quarter. This fresh move waa
;

;

taken, rightly or wrongly, to indicate greater gravity of the
political situation, and there was conse(iuently a desire to
obtain higher prices. But whilst holders were not disposed
to sell except at an improvement, millers were not so sure
that peaceful relations between this country and Russia would
be actually interrupted, and they were, therefore, rather
sparing in their operations. On the whole, it is curious that
prices have not so far manifested a stronger upward ten-

dency. The recovery from the extreme depression ia up
to the present time inaigniiicant.
The initiation of a speculative movement in America is not responded to here.
In our trade
the speculative element
seems to be
almost entirely eliminated.
We have unfortunately had
frefjucnt demonstrations of the losses incurred through the
locking-up of grain, and it is not unlikely that there are still

some firms who have quite as much aa they can conveniently
carry without committing themselves to further risks. Possibly this has a great deal to do with the absence of life in
the trade, and with the difficulty of promoting real animation.
even when the prospect of a war with Russia presents itself.
The following return shows the extent of the imports of
cereal produce into the United Kingdom during the first
twenty-nine weeks of the season, the sales and average prices
of home-grown produce for the same period, and other items,
compared with

£IMMMIL
noar(az. 8tat«).1001b. 10
irheat,No.2,fpr'K "
7
Winter, West., n '•
7
"
0*1., No. 1
7
"
Cal., No. 2
6

Oom,

"

mix., old...

b

Jom, mix., new.. "
Pork, West. meaa..f bbl
teooB. long otoar
Beef, pr.

4
5ii

[32

umm, new.y to 85 v

L«rd.prlineWe«t. Vowt'34
OliMMe, Am. oholoe
.59

3

(gommcvcial and j^isccUau catts i|.cws
Imports and Exports fob the Wkek.— The imports of Ust
week, compared with those of the preceding week, show
a decrease in dry gooda and an increase in general •nnrrhnndisa.
The total importa were $8,048,516, against 7,.'537,134 the preoedmg week and $7,74.3,052 two weeks previous. The export*
for the week ended April 7 amounted to $6,450,710 ainUnsi
$5,824,233 last

week and

r»rWe»k.

1882.

1883.

•2,400,051
5,693,934

•2.358,983
7,035,729

• 1.704.M9

•11,551,470

•8,293,985

•9,384,712

•8,046,940

$43,350,739
93,867,117

•41,804,454
85,664,381

•38,675.125
85,891,133

•31.408.987
72.004.647

OenTmer'dlse..
Total
SiTieeJan.
Ory Koods

1

6,341,998

weeks. •137,217.856 •127.468,835 •124.569.258 •103,413,634

In our report of the dry goods trade will be found the imports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 7, 1885, and from January 1 to date:
XPOB-rS FROM HBW TOBK FOB THM WEBB.
1882.

1883-1.
1882-3.
1881-2.
31.165,478 35,913.002 31,813,810
Barley
{',907,502 10,118,293 10,587,497
8,207,297
Oato
6.062,581
6,920,285
8,225,231
4,^463,640
Peas
1.136,977
1,012,709
1. 205. 171
1,010.610
Beans
2,016,692
1,476,506
1,449,182
H94.033
Indian oom
12,933.281 15,275,374
9.326,804 12,209 957
Kour
«,265,600
8,648,850
9,8lo,013
4.862.659
Bapplles available for oonsiunptlon (exclusive of stock on Sept. Ij In
twenty-nine weeKs:

Pfev. reported..

1884-5.

1884-5.

1883-4.

1882-3.

Imports of wheat. owt.26.e75, 321

1884.

1883.

1885.

8.64S.8.50
26,0O(<,576

35,913,002
H, 815,043
21,758,000

•7,501,821
91,833,216

•5.4K3.262
74,539,361

$6,450,710
84.421,364

•88.888,2311 $99,335,037

•80,302,623

•90,875,074

•6.161,401
82,726,630

fotal 14 weeks.

The following

shows the exports and imports of specie
at the port of New York for the week endinj^ April 4, and
since January 1, 1885, and for the corresponding periods ia
1884 and 1883:
XrOBTS AMD IMPOSTS OF BPBOIB AT BBW TOBX.
table

1881-2.

31,165,178

iBPOrtfl of floar
9,2fi^.S«0
Bales of liome-grown.. 26,959,170

34,813.840
4.862,659

Total

62.900,160

65,822,904

70,486,045

1881-85.

SaUi.

I8S3'84.

At'ge
Price

1,879,507 32
;2,812.245 31
214.364 19
!

!

\t.

5 1,813,23439
6 2.872,158,32

9

62,105,219

d.
4 1,428.331

256,40lll9

areat Britain
Prance.... ......_....

Wheat

5.

1883-4.
26,008,576

Av'gt
Price
$.

41

7 1,794.448 i4
188.735 21
61

cwt 26,1)59,179
The following shows the quantities
maize afloat to the United Kingdom:
Alpretenl.

Wheat

qrs. :i.»46,o<)0
Flour,t:ilual in qrs
246.000

191,(100

La»t rceek.
2,738.000
240.000

1882-3.

d.

3
8

1881-2.
22,4:^8.720

24,758,000
of wheat, flour
Zaelyear.
l,7t.0,000

269,000
256,000

2.'.4.000

and

1883.
2,378.000
221,000
330,000

The daily closing quotations for securities, &c., at London,
•ad for broadstuSa and provisions at Liverpool, are reported
by cable aa follows for the week ending April 10:

8,700,332

6,9b9

129,875
75,400

0,3'V6

97,18»

•8,923.669
16,810,712
90,250

• 13,315
7.576
786.94a

•4,640,950
333,243
4,135,049

•247,500
3,241,922

Silver.
cireat Britain

BUver, per ox
d. 49
Oonsols for money
97i3i,
Consols for account
98
Pr'oh rentes (In Paris) fr 78-72JS
114''8
U. B. 4>«suf 1891
n. 8. 48 of 1907
12438
CanailluQ Paoido
3'j
aUo. Mil. &8t. Paul.... 70^9
Erie, ooniiuou stook....
li'e
nilniils Central
139

Pennsylvania

55

Philadelphia A Reading
7V,
Hew York Central
9mt
I

llM*.

Wed.

48^8

25,513

9-1,4

979,9

9';

58 677

78-10

U4''e
124S8

114^
12438

3nH

3t^'4

7ii%

71

129*

1238

121) >4

129
55I4

55 <4

7>4

7MI

91^

I

••"v«

7*382
8,738
20,930

77,76S
150.166
76.343
4.608

IS2.O50
66,203
151.411

S308.961
1.302.682
1.650,207

115,394

14,758

tfexloo

South America
All other countries. .

4,23.5

316,189

Total 1885
Total 188*
Total 1883

•277.771
188,542

•4.204,299
4,260.548

383,3•^4

4.7.59,585

Of the above imports for the week in 1886, $8,330
Ajnerican gold coin and $7,475 American silver coin. Of the
exports during the same time, $3,500 were American gold coin.
U. 8. Scb-Tre.\sury.—The folio wing table shows the receipt
and payments at the Sub-Treasury in thia city, aa well as the
balances in the same, for each day of the past week
jInUtttoea

Dale.

PajfmenU.

Reeeipii.

•
6.

Thur:

8.
8.

10.

561,073
1.145,177
957,848
726,278

16
13
63
44

967.650 19
•1.697,171 18

OaUt.

Owrrenef.

954,909 23 112,608,065 01i22.630,489 02
1,300.488 47 142.426.630 is' .32.656.903 44
1,353,877 90 142.20.'.61S 81|22,4S4,«9« 61
661.185 71 142.l85.70l 1722.5'16.90l 88
818,080 49 112.375.877 13 22.5M,»a 61
1,011,344 59 U2.'ii>8.356 09 -23,159,190 25

7,8

78-55
•a

•

13.^,096

....

West Indies

48''8

97'ifl

2,971

•237.500 •3,577,708

Pranoe

9erman/

••

Hon.

9
1,412,991
2,908,555
206.347
14,930

3,506

. .

Tetal 1865
Total 1884
Total 1883

Apr. 4.
Sat.

SineeJaH.1.

•

ili',006

Ensllab market Keporta— Per Cable.

London.

Week.

•8,500
8,562

•

Vest Indies
.Mexloo
Soath America
All other oountries

Converting quarters of wheat into cwta., the total siles in
the whole kingdom during the above periods were aa follows:
1884

Since Jan.l.

22,428,72i^

Sale$.

lYice

d.

$.

Week.

1682-83.

Av'pe

Sale*.

Importt.

Meporti.

The extent of the sales of home-grown wheat, barley and
oats in the leading markets of England and Wales during the
first twenty-nine weeks of the season, together with the average prices realized, compared with the previous season, are
shown in the following statement:

qrs.

1B86.

1

1.

Gten'lmer'dise..

Total 1

1884.

laat season:

„owt. 26.P7.i,321

MaUe

Tb«

previous.

•2,822,644
8,728,926

Dry goods

Porthe week...

Wheat, qrs
Barley
Oats

two weeks

$.5,907,268

following are the imports at New York for the week ending
(for dry goods) April 2 and for the week ending (for generfl
merchandise) Aprd S; also totahi since the beginning of th«
first week in January:
roaXIOH IMPOBTS AT VBW TOBK.

mroRTS.

Wheat

;

91 >4

Total.

6.955.498 73

6,130,386 39

Tucliides i^looTuOO notes received from Wa.<<biuKUiu.

—Attention is called to the removal of the Commercial
Mutual Marine Insurance Company to large and beautiful
oiBcee at No. 42 Wall Street, Merchants' Bank Buikiinc. This
company ia one of the old and enterpriaing corporations, and
shippers will in future find them in a more convenient location
for business.

-

.

5

.

:

;:

:

THE CHRONICLR

L446

She

@

par; Charleston, buying |
i discount, selling i discount
premium, selling 3-16 premium; Boston, 5@10 premium; New
Orleans, commercial, 100 premium; bank, 200 premium; St,

IPaufeers' Oia^ettje.

DIVIDENDS.
The following dlvldeads have

eenl.

Same of Company.

Payablt.

Bookt Oto$ed.
{Dayt inclutlve.)

;

April 10.

Railroads.

)

niscellaneons.
)

l»s

3
15 April 19 to May
16 April 29 to May 15
April 17
April 15 April 9 to April 15

1^

April

2%

Atchison Top. & Santa Pe (quar.).
Baltimore & Ohio Main Stem
no
Wash. Branch
Do
Honsatonio (aiiar.
Bt. Pani & Northern Pacific

Union Trust Co. (Quar

When

premium Chicago, 60 discount.
The posted rates of leading bankers are as

Louis, 100

recently been annonnoed

Per

fVoL. XL.

April 10 April 9 to April 10

$150 May
May
5
5

1

NEW YUKK, FRIDAY. APRIL
The Money Market and Financial

April 11 to April 15

10,

1883-6

P.

tlie Exclianges was relieved on Thursday
by an activity and buoyancy based entirely on the Anglo-Russian war prospects.
Wheat has been more tirmly held for some
time past on the reports of injury to the winter grain and the
belief that the whole crop of 1885 would be smaller in consequence of the low prices which have ruled, but on Thursday
the price was fairly bounced upward by the bull speculators in
Chicago and New York, who were greatly assisted by the
scrambling of the shorts. On the other hand, cotton was
depressed by the war rumors. Consols in London closed at
94|^ on Thursday night, opened at 95J this morning, advanced
to 9S 11-16, and closed at 95f, indicating a much more peaceful

vailing stagnation at

40%

another page, including also the net earnings from January 1
to March 1, so far as they have yet been reported.
The returns
are very irregular as compared with 1884, some roads showing
improvement and others a decrease, but it has been well known
that both February and March were bad months for the rail-

roads on account of the great severity of the weather. It is
worth noting, however, that in the two months of January and
February the exports of each of the articles, flour, wheat and
corn, from the United States, were larger in quantity than ever
before in the corresponding two months; but the total value
relatively as large, owing to the low prices which then

Fine gold bars
DlmasA ij dimes.

87
90
78
00
75
65

Silver 148

—

4l«s,1891
4i«s,1891

ApHl April ApHl AprU

-oonp. Q.-Mar.
-.reg. C .-Jan.

48,1907

4s, 1907
. ooap. ( .-Jan.
3s, option U.S. ...reg. C .-Feb.
69, our'oy, '95. ...reg. jr.
J.
6j, car'oy, '96. ..reg. J.
J.
69,our'cy, '97. ...reg. J.
J.
63,oar'oy, '98. ...reg. J.
J.
Ss.onr'ey. '99. .ree.'J.
J.

A
A
&
A
*

'

•129
•133
•J34

•129
•133
•134

•129
•133
•134

This is the price bid at the morning board

;

10.

*112ie •11218 *112l«
*ll2ia •11218*11218
*121i4i*121 14*121^
12113*12114 1211a
1011S|-101l4*1011«
•125 *125 1*125
•127
•127 ^127

•129
•133
•134

•129
•133
•134

*129
*123
•134

no sale was made.

—

State and Railroad Bonds. The dealings in State bonds
were more active than for some time past, the sales including
$73,000 Tennessee compromise bonds at 535 53", $8,000 do.

—

North Carolina consol 4s

Rates for call loans during the week on stock and bond
collaterals have ranged at
per cent, and to-day at l@li

$4,000 Alabama class

the total surplus being $47,125,850, against $48,431,725 the
previous week.

11218 •112
112381*1)218 •112ig
I2II4I 12136 •12114
•12138*12138 12138
•lOli^ •10114
*:oi
•125 •125 •125
•127 '127 •127

9.

8.

7.

-reg. Q.-Mar. •112i«

$15,000 do.

Prime commercial paper is quoted at 3}®4i per cent.
of England weekly statement on Thursday showed
a loss in specie of £.368,386, and the percentage of reserve to
liabilities was 47, against 44 9-16 last week; the discount rate
remains at 3J per cent. The Bank of France lost 82,000
francs in gold and gained 10,000 francs in silver.
The Now York Clearing House banks, in their statement of
April 4, showed a decrease in surplus reserve of $1,295,875,

^as.

- 99\9 par

ruled.

The Bank

and

Five francs

United States Bonds. Only a moderate amount of business was done in Government bonds, and prices remain about
steady.
Whatever bonds are now owned abroad would probably be retained by their owners, and prices of U. 8. Government bonds might very possibly be strengthened by an increased
demand for them.
The closing prices at the N. Y. Board have been as follows:

6s at 47; $44,000

per cent.

coins

— 99%a par.
— 92 a — 94
Mexican dollars.. — 84 » — Si's
Do unoommerc'l. — ^314^ _ —
Peruviansoles.... — 76%a — —
English silver
4 78 ® 4 84
073( U. 8. trade dollars
84 9 — —
para^prem U. a. silver dollars — 99% * par.

was not

i@H

95

The following are quotations in gold for various

$4 84 a $4
Napoleons
3 85 « 3
X X Eelohmarks. 4 74 « 4
XGullders
3 96 ® 4
8^an'hDoabloon8.15 55 ®15
-915
.a.8X. Doubloons.. 15 55
F ne silver bars .. 106^19 1
Sovereigns

Interdsi April April
Periods.
4.
6.

of railroad earnings will be found on

6 20B8
4038

9419

(guilders)

tone.

The monthly statement

4 88

Frankfort or Bremen (reiohmarksl

Coins.

Demand.

4 95V:
4 82*1
4 8213
5 221a

Paris (francs)

Amsterdam

:

Sinty Days

Prime bankers' sterling bills on London..
Prime oommerolal
Documentary oommeroial

M.

Situation. — The pre-

follows

&

special

tax

A

at
at

4; $1,000 do.

at

6s

86i— 88— 871;
1919, at 108^;

88; $2,000 Missouri 6s 1887

(Han-

Joseph issue) at 104}.
Railroad bonds were moderately active, and in the early part
of the week the tone was generally irregular, with many classes
On Thursday, however, bonds were stronger in
declining.
sympathy with the upward turn in stocks, and Erie 2d3 were
advanced on large transactions, after having declined early in
The Chesapeake & Ohio "B" bonds were again a
the week.
nibal

St.

leading feature, selling off in the early dealings, accompanied

by a rumor that the May

West

interest

would not be met, but

later

Erie 3d8 close at 54J, against 54f last week
Shore 5s at 29J, against 30 J Chesaneake & Ohio series

re-acting a

little.

;

The following table shows the changes from the previous B at 64, against 66; do. currency bonds at 17^, against 33;
week and a comparison with the two preceding years in the Texas & Pacific Rios, coupons oif, at 47^, against 49; do. income
averages of the New York Clearing House banks.
and land grant bonds at 31, against 34; New York Chicago &
St.

1885.
April 4.

Di ffer'ncesfr'm,
Previous Week,

1881.
April 5.

1883.
April 7,

Loans and dls. $302,757,100 tnc.$ 1,775,900 $317,600,500 $311,039,400

Bpeole
Circulatloa

Legal reserve
Reserve held.

104,484,400
10.953,800
352,681.200
30,812,50U
$88,171,030
135,296,900

Dec. iBlS;),925
Deo. l,485,80u

2ii,246,O00
15,923,700
$85,992,325 $70,245,100
90,196.200
66,514,lu0

Bnrplos

$47,125,850 Dec.$l, •295.875

$4,203,875 df.t3,701,COO

.

.

Net deposits..
liCgal tenders.

Cec.
268,100
luo
54,10(1
Dbc.
759,700
Dec. 1,217,400

61,950.200

o0,6;0,40j

14,391.7J«

1«,.532,00.)
280,9d(.).40i)

343,96w,3)0

—

Exchange. The sterling exchange market continues very
with no special feature, though rates continue firm as last
quoted. In case of positive war between England and Russia
it is believed by many bankers that at first there would be a
demand for gold in London, that American railroad securities
would be sent home and rates of exchange would advance.

^

dull,

To-day the

on actual business were as follows, viz.
84J@4 84f demand, 4 87@4 87i.
Cables, 4 87J. Commercial bills were 4 83@4 83^.
Continental
bills were
Francs, 5 31J@5 23i and 5 20@5 20|
reichmarks, 94J@94f and 95@95i; guilders, 40@40J and 40J@40f.
The following were the rates of domestic exchange on New
York at the under-mentioned cities to-day Savannah, buying
rates

Bankers' 60 days' sterling, 4

;

:

;

:

Louis Ists at 79, against 76i: Central

assented, coupons

Railroad and

off,

New

Jersey consol.

at 90, against 93.

Miscellaneons Stocks.—E.ttreme

dulness

characterized the dealings at the Stock Exchange during the
early ))art of the week, and a general disposition to await some
new development or impulse was apparent. The tone was
somewhat irregular, but considerable weakness was developed
in a number of stocks, including the Oregons and the Northern Pacifies, which declined on the rumor that the dividend on
Oregon Navigation would be passed or reduced.
Chicago
Burlington & Quincy also declined quite sharply in consequence
of the relatively poor exhibit of earnings.
On Thursday, however, the whole aspect of the market
changed, and with the cable reports of the commencement of
hostilities between Russia and the Afghans, the advimce in
The immediate
prices of active stocks was quite marked.
effect in London was a severe fall in British consols and Russian
bonds, and strength in American securities, and in Wall Street
the price of con.sols is watched more closely as an indication of
the real situation of affairs than the various war rumors in
newspapers. To-day the dispatches from London were more
It was said
peaceful in tone, and the market generally sagged.
that a large amount of stock was marketed on Thursday by
parties who did not believe in the war rumors as a vitalizing
Towards the close the
force of any loug-continued effect.
market relapsed into dulness, with prices tolerably steady.

.

Apbil

.

.

»

..
.
.

.

THE CHKONICLE.

11, 1885.]

NEW YOBK STOCK EXCHANGE

447

WEEK BNDtNG APBIL

PttlCES POft

HIOHX8T AKD IX>WE8T PRICKS.
rrocKS.

satnnuy,

TuMdar,

Moiwtmr,
April 6.

April

1.

ROHi

dale, of
the Week

Wotnemlar, ThanAlr,
April 8.
April?.

89>a

April 1.

AND SINCE

10,

AprU

pr«f..
<.t No.
.

Bm:

60

,

Cedar

Fiillx .V: .MInneaota
Central Iowh
Centnil of New Jersey
Central I'iiclUo

Do
Do

Irtt

&

OhloaKO BurlliiKton

Oblmgo MUnaukoe
Do

A

136 Hi 136
122 U 121Hil23
122
121H)121'V) 119Hil21% 1-20 Hi lTi'4 131
70', t«U»8 71 "a
60
09',
U8»4 «'.>ij
69% 71 Hi 70 Hi 70 '«
107 's lO-i "108 •x03»4 104 Hi 104 101 ij 104 >4 105
104% 105
9.->
91'* O&'i
96 '4
94% 95 >, 94 >4
Oil Hi
95
9UHl
94-'4J
l,S0'4l 131
131 , I3014 131 >a 131
132 132
131
132Hil3'.i'
„
,,
114
llSijllS", 113 114
113 113
US', 114
114
114
"
8
8
8
8
8>a|
•8H1
•6H1
8H1
•16
•14
IS"! »ie
17
18
17 -a
16
18
24''«' *25
25 Hi •34^ 2BHl •24 >4 2,'.>4
a«^ 26 % 24
tii',
U6% 84 Hi 85Hi •84 >a 85 Hi 85*4 8''>>4 89 88
83
84
30
•80
31
33
31
31
140 140

Qiilncy

i'Jl>!<

>& St. I'aul

70 "a

pref.

107^4

94

Nortliwostem

'4

Do

pref. IMV'i
,
Pacittc '113
*6Hi
Chicago St. i,ouls& FlttaburK.
16'<
Do
pref.
I

raal Minn.

at.

2-4^

Oni.

<ft

Do
pret
Clereland Col. CIn. A Indianap.
Cleveland <£ iMttsbiirit. K>>ar
Colombia
Delairare

Denver

&.

Dnbngae

8S^

C2

Slonx City

<t

'>4

i&

3334

"s'aii "s:i''i

30H1

31

30 Hi :ui%

sv

*12

Texas Central

•46

,

leased line 4 p. ct.
Indiana Blaoiningt'n «& West'n

Lake Krlo & Western
XAke Shore
XiOng Island

LomsTiUeA

Nashrllle

liOuisTllle New Albany dt Chic.
Manhattan ?:ievated. consol..
Manhattan Beach Co

Memphis A Charleston

7

7'4

17

'3

I313
141a

iO'a
"72
31
«24
77'a

60
73
31

26 "a

12
«13

12
15

69 '9 60 "4
73
73
31

'4

26
77 '« 78

77=8

Missooii Kansas
Mlssourt Pacific
Mobile & Ohio
Morris A Essex

Texaa

tft

lli«

IIH

•8

8H1

120

A StLoois
New York Central A Hudson..
New York Chic. A St. Lonls
Do
pref.
New York Lack. A Western
New York Lake Erie A West'n
Do
pref.
New York A New England
New York Now Haven A Hart.
New York Ontario A Western.
New York Susq. A Western
Do
pref.
Norfolk A Western, pref

120

89>g

89°))'

2-4

Ohio Central
Ohio A .Mississippi
OhioSonthern
Oregon Short Line
Oregon A Trans.Continental..

~
2

2
5'4

'87 Hi

1214
'16\i

9>«

12
17
9',

89

12^ 12^

Bensselaer A Saratoga
Btch. A Alleg., stock trust

87Hl

17%

90=8
•8

119
38

Bt. Lonis Alton

Do

Do
Do
Do

91%

2,(I3H

Texas A Pacllto
Union Pacillo

A

Wabash St. Louts A
Do

%

%

•«,

*37

1

Manitoba
Pacific
pref.

1

Mutnal L'liiou Tel
Oregon Iinnrovcment Co
Oregon Itailway A Nav. Co...
PaolHc M:ul

I'alaco

Car Co

Qnickallver Mining Co

Do
pref...
weatem Union Telegraph
E.XPRESfS.

Adatns
American

'2%

3

•2%

3

88% 88%
10% 10%
41% 42%

,t

Atchison 'I'oiirka A Santa Fe..
Chicago .t .Alton, pref
Ciuclnnati Sandusky A Cleve.

Columbus c:hlc. A Ind.
Danbnry A Norwalk

Centr']

6%

Apr.
Jan.
14% Jan.
Jan.
82%
6% Apr.
65 Jan.
2% Jan.
4',Jan.
37% Jan.
3 Jan.

•4%

•17
•2

14

•2a4

i-i,

38%

300

38'

12

12

1,600

12

88
I

2%
5%

88

12% 12%

100
560
725

26% 26%
17% 18

90%

9,785
5,200

91 =<

122
40
89% 90
2

6%

2%
5%

89%

87% 89
12% 12%

8%"'8%

9%
2%

8%

930
750
212

907
300
200
100

.^...
I

17% 18%
39% 40%

17
SS'sl

17%

17't

39% 39%

•13% 14

14

10% 11%
12% 12%
14%
126% 126%

11% 12

16

15% 15%

15%

21

6,729
61,034
1,262

l.-i

28

•2%

23
2i»

23

•2%

20

31% 32%

10% 10%
42
42%
•4

6

•10

12

11% 11%

65% 55%

S3

53

64% 55

-2

•2

3

•4

3

84% 85
79
79%
•16%...
68

08
61

•10% 11%

84% 85
70% 79%
16

16

63% 67%
50% 61

50%
112% 113% 112% 113%
•4
•4
5
4%
•20
•26% 31
SO
57% 67% 57% 67%
134

133

136

•2

3

10% 10%

78% 79%
16% 17
61% 63
48=4 B0%

87
9>4

82

600
100

41% 42%

•3%

4

4%

4
•10

11%

11

66

54

3
11

•2

64
8

•10

•63
•2
<10

64

135

135

92
91% 01% •91
55
54% 65
53% •53
110 110
110% 110% •109% 111

10%

82% 83
78% 80%

83% 83%
77% 78%

82% 82%

79%

8
80

11

80

•%

550

•123

135

123

18S

9.1% Feb. 25l
5 % Jan. 8;

25%Feb. 26|
19% Feb. 26
Mar. 16
2
Jan. 14

l%Jan.

19
12
16

Mar.

191

Jan. 3
Mar. 21
Jan.

14% Jan.

21

Feb. 36

39% Jan. 8'
87% Jan. 10
24

Feb. 27

80%Mar.

3

18i

90', Mar. 161
13% Feb. 38
61% Fob. 10
6% Jan. 7
14 Jan. 13

11% Mar. 26
56
4

•IS
17%

Mar. 11
8

137S

Jan.

13% Feb. 24

84

13
7

.

Feb. 20

59% Jan. 39 73 Jan. 10
163.618 46% Mar. 31 63% Mar. 9
200 107% Jan. 3 115 Feb. 351

66% 67%

65% 56%

66% 57%

133% 133% 134
92
56

134% 133
01% 92
93

92

65
55
55
109% 110%! 109% 110

64
110

4% Apr.

100

30

136
92
65
110

7
Jan. 30
a

63%J«n.

66,67"d

•%

1%

1%

1'

•133

133

'133

133

4'4"%"i"4%
Coal". '.'.'.'". i"i;

MiniugCo

7%

18%

s.im

1%

1%

m

.100%
9% Feb. 25! 6%l 18
Feb. 281115
'
42% Feb. 271

94% Mar.
66% Jan. '22, 83 Feb.
14% Mar. 21 17 Apr.

1,433
9,603

^'i.iland

'oal

'27

21

•10

78% Mar. 14

147 130 Jan.
113 87% Jan.

218 48 Jan.
532 104% Jan.
i

4%

80

Mar. 80'

Jan. 30

63% Feb. 10

a 186
3 93
2 55
2 110%

Jan. 2<»'
Jan. 13
Apr.
Apr. 4

67% Mar. 20 78 Jan.
Jan. '29 153 Mar. 19
Feb. 27 22% Feb. '27
l%Feb. 5
1 % Mar. 10

147
33

(

Jl

Mar. 28
Jan.

2% Mar. 19

Moines

'I

10
51

3

48'8 60
51'(
60% 62% 51
112%113'e! 113% 113% 114% 114% 113% 116
-4
•4
6
5
4% 4%
•25% 81
•25% 31
•25% 31

55% ""87%

Jan. 20|
Jan. 17

614

1,000
8,310
67,785

11

•53
•2

7

230
250

83%

89% •88% 89%
9% 10% 10% 10%
42% 44% 42% 43%

9%

7

18 Feb. 6
31%Ai)r. 9
80% Mar. 18
21 Feb. 26i
77% Feb. 7
79% Jan. 2
0% Apr. 8
41
Mar. 21
4 Feb. 3
11 Feb. 20

34

88

87

17 Feb. 31
67»8Feb. 25!
7314 Mar. 31
33% Kch. 27i
27% Ffh. '20,

Jan. 15|
2
12%Jan. 22] 15%Feb. 27
13% Mar. .so' 19 Jan. 2|
119% Feb. 17 1'2S Mar. 10
1'20
Mar. 9 1'22 >lar. 20
136% Jan. 29 142% Mar. 13
2%Jan. 17
1 % Fob. 28
44 '8 Jan. 19 54 Mar. 9
19 Jan. 2 26% Mar. 11:
2% Mar. 11 4 Mar. 6
17 Jan. 2 19 Fob. '20
'20% Jan. 2 23 Feb. 26,

•17% 20
*31
'78

8%

2 122

Apr. 7
Jan. 7
14', Mar. 21
10% Apr. 8

1,085
1,720

2%

;;

28

12SWI41

2
5

% Mar. 31

16;3'9'd

23%

16
6
15
3
15

14
9

29S
12
60

22% 22 _
2% 2%

7
8
2

30% Jan. 29 44

450
100

11% 12
12% 13%

Feb. z..
Feb. -M,
Apr. 10
Jan. 37

Mar. 26
9% Feb. 17
84% Jan. 2 8834 Mar. 16
11% Feb. 2 14% Jan
20 Feb. 5 30 Jan. 8
12 Jan. 17 17% Apr. 8
175 Jan. 2 182% Mar. 17
8% Mar. 24 12% Jan. 6
3
Feb. 28
I'eJan. 12
8 Feb. 20i
4'8Jan. 27

6,370

9

.'ilur

Fel>
Fell

4

2,360

6

7 38
81 140

84% Jan. 19
1% .Mar. 31

56,693

',

15 '4 Mar. 38
44 Mar. 7
03% Jan. 30
64 % Feb. ai
20 34% Feb. 26
26 13 Feb. 26
16 29% Fell. 20
22 l8'i,Jlar. 8
Mar. 21 97% Feb. 10

100
7% Jan.
450 114% Jan.
500 33 Jan.

120

17% 17% •17% 18

•80

88%
9% 10%
41% 42%

Jan.
Jan.
11% Jan.
65 Jan.
11% Jan.
'27% Jan.
90 Jan.
64 Jan.
32 Feb.
10% Jan.
25 Jan.
14% Jan.

69

5 Hi'

10% 10%

11% 18%
12% 13%
14% 14%

62
22

2,924

•55

2%
6%

17%;

-8%

8H1

9% Jan.
68% Apr.

7,033

104

39% 39%
89% 90%

12% 12%

]2>4

120
1,705

"78% "78%

I

9 20
22 100% Mar. 9
8 10 Jan. IS
6 6S Feb. 13
16
4% Mar. 10
28
8 Mar. 8
10 63 Mar. 20
6
8% Jan. 3I
190%Jan. 20 200 Mar. 34
14 Mar. 26 30 Jan. 14
119%Jan. 17 127 Mar. 14
84 Jan. 16 88% Feb. 17
11% Jan. 19 14% Feb. 24

122,145
1,335
25

30% 31%

Ma

.,

23% Mar. 6 29
82% Jan. 2 91%

,

•87 Hi

14

13

58%
•72

Jan. 38 108
2 97
3 131
Jan. 2 111;
Mar. 31
U
Jan. 17 10

19% Jan.

600 30
38 134

-Missonrt River...

Klevated

(

7%

Centi-al Coal
Ontario silver Mining
6ten<1ard Mining
*

15

2,081

16

60

•2

5I4

88

63

.t Dt's

8
120
39
89

81

•91% 92%

Co
INACTIVC, MTOCK.«».

New

105

200
138
465

80
13
610
13
100
69 '8 108,293
73
400

....

26% 26%
17% 18%
90% 91%

'18
'88

'133
,

states

Wells, Pargo

88 Hi

2

6% '5%
21% 21%
16% 16',! 17
38% 38%' 38%
14

•13

12

12

120

17% 17%
8H1

38% 38%

pref.

MISCEI.HNEOl'S.
Americau Dist. Tel
American Tel. A Cable Co
Bankers' A Merchants' Tel...
Colorado Coal A Iron
Consoliilated (ias Co
Delaware A nelson Canal

i

1

1 ,07.';

124% 124%

104

8

8H1

5S4

pref

Paul Minneap.

M.aryhuiil

«8%M«r.36 76% Jan

84% Jan.

3Hi

•87
•12

:«>i4

02

900
550

8%

•8

17% 17%
90% 90%i

17 '8

38

5
•87 Hi
121,

6H1

18% 17%
38% 40

e

P*b. • 110 Mar. 31
Mar..M JO%r»b. 8
Keb. 4
Mar. 37 44% Jan. 81
lillU Jan. 31
35
Feb. aoj
9% Mnr.'i3 1 1 Feb. 13
7 Keb. 18 13% Mar. 13
31
Mar. 25 41% Mar. g
2e%Jan. 81 36 Kib. 25
3 Apr. 7
6% Feb. 10
7
Apr. 7 12% F.-b. 28
6 Apr. 6
8 Jan. 151
128 Jan. 2 137
Apr "11llR%Jan. 2 125% Mar

88

l.HHO
123,185

•3 Hi
6

8H1

H'i

37

12

121

2

1'^

pref
li
Istpref.

Bt Paul A Duluth

V'-"'"i

14.'i64

10«,«50

A Terre Haute

A San FrancLico

A

600
1,000
821

6
134

ctfs.

A Danville
A West P'nt Terminal
Bochester A Pltt^bnrg
Borne Watertown A Ogdensb'g
BIchm'd

Louisiana

•7'4

•65

88% 89%

8»8

6 Hi

3-4

S^

37
•104

60
33
•llHl 12
25 14 25 >4

Bichmond

Keokuk

134

•12
10
IS
15
125 Hi 126 Hi 124% 126% 125 ,12s Hi
•87 Hi 89
•11
12
12
12
12
12Hi
»13
•12% 14 Hi
15
58 'b 58% 69 '4 68', 60%
59
•72
-72
73
72% 72',
73
30»4 30»4
30 "a 30%
31% 32
25
23
24
25
77=4 78 >4
77% 77',! 77% 78%

17'4

12% 12% 11% 12%
Peoria Decatur A EvansvUle.. •13% 14% •18% 14%
Philadelphia A Heading
14% 15
125% 126
Pittsburg Ft. Wayne A Chic... 126 126
121 121
Do
special.

New York

7Hi

4

60
•3

17^
2

1734 18>4
39°, 40

pref

89^ 90
514

2-4

.

Pacific

Do

119H|120
'*
I

41

Naahv.Chattanooga

.

llHi 12
25
26
17 »8 18
91
giv

25

6^

104
•55
33

103 Hi

25 Hi
17', 18
90 Hi 91

pref.

8'4
5 Hi

3>4

60

15

31
•24

103 Hi.

A West'm, pr«f..
A St. Louis

Do

TJiilte<i

7Hi
•S

7Hi

136HiL')iiHi

SHi

•IS

•12>a
*12»4

3'4
5^4

3»4
6'»

Mil. L. siiure

Miuueapulis

Pullman

7*4

's\

fi

1.S7

37Hi

Metropolitan Elevated
MichiKaii Central

St.

3\\,

3

60

Do

Bt. Lonls

"ai" "ai'u

»JJt

3
S
187

•OHi

104 Hi 103'a 104^ 104 104 Hi 104% 106% 104 Hi 106
7
7
7'4
7
8*4
7% 7%
7
7%

Illinois Central

Northern

32

•ai>>4

-

"S-*
•5 Hi

•47
•3

Terre Ilante
Oreen Bay Winona & St. Paal

Hi

62

prof.
<t

103
7

A Oa

Do
SransTille

i6"i6'

9',

(;reuuvLUe. pruf

it

Lackawanna & West. 103 >4 104
Klo Grande

Sast Teunessoe Va.

Harlem
HoQston

310

39>i"SS<\i
8l>« 31 >»
5
6
8
7>a
S
5

-

Ohlcairo Kock Island*

Chicago

3,904

2dpr«f

OhleanoA Alton

Chloaffo

3i',S66

31 Hi
4
8H1

6

9\

L»w. Hlak

67

84'i"34',

33

30 '«

>»

lAWMt
134

80
"BO(i

365
600

30',
5
'8

pref

SO Hi
10

'30

37 "4 "aT'i'i'f'i
211%

90

80

8714
•29
»'•

87*4 S7>4
29>4 29'4

,10%
11

S3

A Oblo

dieeapeake

90

•60

...

87 '4 37 \
29>a aOHi
•9
10 "a

Cai)U(U;ut I'.Kitic.
CaitMliiSoiittu-rn

188«.

1,

'•D. 1,111 4«.

(Bbarea).
10.

Am.

JAN.

Those are the prices bid and asked; no sale waa mad* at the Board.

t

Lowac prloa Is ex^Uridend.

60

Jan.

8 50

2%Feb. 2S 6
._
22 Hi .Mar. 4 36
122 Jan. 22 180
15 Jan. 10 18
100 40 Feb. 13 46
19 Feb. : 30
10 Jan. 30 10%
100
7% Apr. 6 8
7
6 Feb. 7
17 Feb. 7 IH
1% Mar. 36 1%

la's

87

02
1>'2

23 4: 34
I

50
Jan. H
5
Feb. 17
Mar. 17 19%i
Jan. 32 115
Mar. 3 l.'l

I
I

1

Mar. 28
Fab. 37
Mar. 10
Mar. 35
Feb. 35'
Mar. 10
Mar. 26

'
50
5

34
180
31
39% 40 >
18
8
7

S
14
ll«

11^
1*
10

»?%

—

—
—

.

1.
.

—

.

1
.

. .
.
.

...
.. .

i|

1

THE CHRONICLR

448

OCOTATIONS OF STATE AND RAILROAD BONDS,
STATB BONDS.
8SCUEITIK8.

&
&
&

74
84
101
109

8

RR
RB

OJOTgla— 68, 1886

110

I

.

BB0URITIE8.

—

Tennessee Continued—
68, new series, 1914

18

3^

all classes.

46 "j
33
39
39
75
42
60

C*mp'ml9e,3-4-5.6B,1912

4--i'

Do

Virginia— 6«, old
Wil.C.&Bu.R.
86=8' 87
Consol. 48, 1910
6s, new, 1808
103 108 "a
68,1919
68, consol, bonds
OWo— 68, 1886
68, ex-matnred coupon.
68, consol., 2d series
South Carolina—
)•
6s, deferred
6b, Act Mar. 23, 1889
4

113
115
117
30
10

1391
1892
1893
N. Carolina—68, old, J.&J.
Pundine act. 1900

104'4'

78.1880
7B.Kold.1890

Special tax,

XU

10, 1885.
Ask.

N. Carolina—Conttnued
New bonds, l.AJ., '9%S

Ex-matured coapon.
Mlssouri— 69, 1886....
6b. dne 1889 or 1890.
Asyl'm or Univ., due '93 114
IIG
Funding, 1894-95
Hannibal * St. Jo., '88. 10414
New York-6s. reg., 1887 100
68, loan,
68, loan,
68, loan,

APHIL

SECURITIES.

Ask.

Bid.

12
12
12
12
3
loo's

Ft. 8. is».
73, 1 Book
7s, Meinp.& L.Bock
N.O.
711. L. R.P.B.
R. R. RR.
7s, Miss. O.
7b. Arkansas Cent- RR.
.

SECURITIES.
Lool^laniv— Ts, 'X>n8.,1911

Ask.

Bid.

8G
Al&bamar-Class A, 1906.
102
Class B, 59, 1906
84
Class C, 4», 1906
100
6«, 10-20S. 1900
Arkansas— 3a, fumled

[Vou

S4

4

District of Columbia—
non.fundable, 1888108 "a' 3.65s, 1924
consol'n 69, 1893 107
Registered
Tennessee— 63. old.1892-8 46t.
Funding 58. 1899
6«. new, 1892-8-1900 ...

Brown

113

RAILROAD BONDS.
SECTTRITIES.

Bid.

& W.—Contin'd—
Morris & Essex— 1st, la

Del.

Bailroad Bonds.

I'M ij 12s
Ist, consol., guar., 78.
N.Y. Lack.* W.-l8t, 68 122
95»4l 901
Construction, 58, 1923
Del.* Hud. C'anal-lBt, 7: >113 1114
113
l8t, ext., 7s, 1891
Coupon, 78, 1894
Regi9tered, 78. 1804 ...

70
1120

* No.— 1st, 5s 107^)108
•06

...

Minn.itSt.L.- l8t,78,ga.! ISO

&

West.— lat, 78
la. City
C, Rail. I.F.& N.-lBt, 6b
Ist, 59, 1921

95

Bnff.N. Y. A P.—Cons., 6s
General, 63, 1924--.-

Alb.

& Susn.-lst,

2d, 7a,
1

st,

Mich.Cent.-Con9.78,1002 126
106 Ij
Cunsol., 5s, 1902
69, 1909
Coupon, 68, 1931
KegiBtered. 58, 1931 ....
Jack.Lan.* Sag.-6a,'91

|131

ioiiijiioia

78

10434

1883

Milw.* No.— l8t.

&

137
89
60

Deu.8o.Pk.it Pac.—l8t.7s

00 la
62
79
41

40 14:

Den.&RioO.West,— lst,69
Det.Mack.>feMarii.-l9t,09
Ijand grant, 3ij9, S. A...

Oliio

Pur. moueyfiind. 1808.. >109
95
87
6.9, gold, series A. 1908
63 "a 64
68, gold, series B, 1903
I8I4
17
6s, currency, 1918
8'"
Mort«,ige 6s, 1911
"04
Chee.o.*8.W.— M. 6.C3. .
1st, 78 1181-j
Cliioago & AltonSinking fund, 6s, 1903 121
J^a. & Mo. lliv.— 1st, 78 •121
2d, 78, 1900
6t. I.. Jack. & Chic— Ist il5"
l8t,guar. (504).7s,'94 116
125
2d, C?I60),78, 1S98 ..
2d, guar. (188). 78. '98

Eliz.C.A
Ist,

N.— S.f .deb.,c.,8s

08,1920
87

Eliz.I.ex.& Big Sandy—6b

Erie— Ist, extended,

125
109

78...

2d, extended, 5s, 1919..
3d, extended, 4 las, 1923
4th, extended, 58, 1920.
5th, 79, 1888
let, con9.. gold, 7s, 1920.
Ist, cons.. Id. coup., 7s

101',

105 \
IO7IJIO9.I4

113 14 114
110

.

Reorg., 1 8t lien, (js, 1908
I.«ng Dock b'nds, 7a, '93

Miss.H.Br'ge— l»t,8.f.8s
Chic.Burl.* Quincy—

116

117

Bult.N.Y,*E.— Iat..l916 *1'27
Consol. 78, 1903
1311a 1323»
104
N.Y.L.E.*W.-New2d68 •62=6
Ce, sinking fund, 1901
99 's 100 Hi'
Collafltrust, 09.1922
68, debentures, 1913.
Buff.&8.W.—M., 08.1008
la. Div.— S. fil., 5s, 1919 108
Sinking fund. 4s, 1910
941a 97
Ev. & T. H.— Ist, con8., (Ss 1031) 104
05
Denver Div.—4a, 1922..
Mt.Veru'n-lst, Ob, 1923
91
Plain 4s, 1921
Fargo A 80.— Ist. Os. 1924
C.R.I & P.— Oh, cp., 1917. 129 129% Fl'tiP.Mar<i.-M.G8,19'20»113 ,114
100
128V....
OaL Har.* 8. Ant.-lst, Os
68, reg., 1917
.

I

I

I

I

!

,

.

Ext. & Col., 58, 1934.... 108 109
Keok. & Des M.— Ist, 5s 1051a .--Central of N.J .-1st. '901. llO'lllO^H
95 '8 go's
Iflt^cons. assent. 7s,1899t
Conv.,a.s8ented, 78, 1903
931a
104
A<yustment, 78, 1903...
05
Conv. dcbent. (Is, 1908.. •58
l.eb.&W.B.— Con.g'd.as. 921a' 95
83
Ani.D'k<ftImp.-58, 1921
Ch-M.i- St.P.- l8t,88,P.D. 129
2d, 7 3-lOs, P. I)., 1898
1181a
ast, 7s, $ g., R. !>., 1902. 130
iBt, LaC. Div.. 7s, 1893. 117
120
Ist, I. * M., 7s, 1897
117
Ist, I. 4 D., 79, 1899
127
Ist, C. & M., 7s. 1903
121l4l21''8
Consol. 78, 1005 ...
....
lst,78, 1.<tD.Kxt.,1908 119
I

.

I

I

iBt, 8. W. Div.. Os, 1909.
iBt, 58, TjlC.A.Dav.,1919

110iall2

Jst,S.Miun.Div.,6s,1910

112

•97

ligia
1131a 11413
95-%
95

Ist. II. .t D., 78, 1910 .
Chie.c*: Pac. Div.6s, 1 910

l8t,CLic..t P.W..59,1921
Min'l Pt. Div., 58, 1910.

I

961.

C.& L. Sup. Div. 58,1921
Wis.* Mln. D1V.5B, 1021
Terminal
Chic.

&

59,

1914.

|....

I

94

943,

90

.

Noithwest.

I

Sinking Fund, 7b, 1885. 1021a 103
Consol. bonds, 78, 1915. 130 ll37la
Exten.sion bonds, 78, '85, 1021a ..
102=8 103
iBt, 78, 1885
.

Coupon, gold,

;129i4

7s, 1902..

Eeglafd. gold. 7.9. 1902.i*128
Slukingfuud, 08,1929..! 113
Sink, fund, 09,1929,reg.,*
112'a
Sinkingfund, 59, 1929 1*103 llOSia
Sink, fund, os, 1929. reg
97 "4'...
Sink's fd. deb., os, 1933.
25 years dib. 5s, 1009
061a 96»4
EscanabaA I,. S.— Ist, 68
DesM.ifeMin'ap.- l8t,78]
Iowa Midland-lst, 88..:*124 |130
Peninsula— 1st, conv. ,78' 125
Chic* Milw'kee-l8t,78' 125 126
Wln.&St. P.-l8t, 78,'87,*106l4
2d, 79, 1907
126
.

,

99V

2d, 7s, 1905
West. Div.-lat, 58
•2d, 09, 1931

65
S.Fe-78, 1009, 104 ij 106

Gr'nBavW.*St.P.— lat,6s
Gulf Co"I.

&

92ia

'

2d, 68, 19'J3

2d,

Waco .t

II514

No., 8s,l9l5

2d.0s,1907
Gold, 5s, 1961
Dub.<S S.C.-2d Div..

124 14

124
I

Ced.F. &
Ind.Bl.*\V.-l8t, pret, 78

Eastern Div., 69, 1921..
Indianap.D.ASpr.— lst,78
1st, 78, ex fund, coups.
2d, 58, 1911
Int.* Gt.No.-l8t,68, gold
Coupon, 6b, 1909
Kont'ky Cent.-M.6s,1911
Stamped. 4 p. c, 1011
L.Shore-M.8.*NI.,s.f.,7s
Cleve. <fc Tol.—Sink'g fd
New bonds, 7s, 1886

* Ash.- 78

...

78

Con.Hol., reg., 'Jd,

84
•77

87

100
08

106 "a

No. Wis.- 1st,
8t.P.(ft

OS

2il,0s,

112i4'114
"

112

I

123

ISO

l'J8

127

116

;116'4

116

.

"

"

Os, 19.30.1

S.C.-lst,OH,1019

1

17

la

ChlCit E.Ill.— lat,s.f..cur.; llOlj
Consol, l8t, 68.1034. ...
96

1
]

Chlc.St.L.,ftP.-lst,con.5s; •7313.
Chic. & Atl.-lBt, 68, 1920
2d, Os. 1923

Chic.t W.Ind.— 1st. 8.f.,68
Oen'l mort., Os, 1032 ...
Col.it Green.— lst,68,1916
2d, (is, 1920
Col. U. Val. & Tol.— iBt, 5b
Del. L.*

1907

78,

Syr.Biug.&N Y.— l8t.78
.

•Ko

1919. "105

Os. 1930
Pensacola Div.— 68,1920'
St. L. Div.-1.9t, 6s, 1921
2d, 39, 1980

General.

Nashv.* Dec— 1 st,

102
52
110

78.

90
82 '4
69

.

10-40. 08, 19'24

Laf.Bl.* SI.- Ist,

Oa,

1919

Loitiav.N.Alb.<fe(j.— Ist.Os,
Geuei-al mort., Os. 1914.
Lou. N. O. * Tex.- Ist, 58
1

106
91 ij

90

S.ctN.Ala.— .S.f..(>s, 1910
Louisv. c.ft L.— Os.1931
Trust bonds, 68. 1922.

L.Krie*W.-lst, fia, 1919
Sandusky Div.— Os, 1019

W.— 79, conv.,'92

Mortgage,

1030

E.H.*N.— Ist, Os,

81

80
80
90
•90

Maihat.l!'ch Co.— 78,1909
Ji.Y.*.M.Bh-lst,78,'97

prices Fridar; these are latest quotations

made

tblg

2d, 78,1898
2d, guiir., 78,

llll

!

70
lOS
108

1898
Pitts.B.*B.— lat, 69, 1911 •lO?
Cleve.* Tol.— l8t,08 "lOO
....1'

Pitts.
Pitts.

7514
10734

1892

Scioto Val.— lat, cons.,
St. L. & Iron Ml.— 1st,

7612.

•9013'.

52
100
03
110
80

54
101
64

60

78.1

II212.
108
Arkansas Br'ch- Ist, 78 100 110
119 il'20
Cairo * Fulton— 1st, 78. 107 'e
Cairo Ark * T.— 1st,. 78.1 104 Ij 104V
lOS ....
70
Gen. r'y Al.gr., 5a, 1931
104 's ....
St.L.Alton* T. H.— lat,78, 112
134^13411 2d, pi-ef., 7s, 1894
110
"99
134 14 135
2d, income, 7a, 1804
in2's -...
Bellcv.* So. Jll.— Ist, Sa! 112
St.P.Mlnn.A Man.— let,78i 109 112
Hud.Kiv.-78,2d,8. f .,'85 10219!....
135
112
2d, Os, 1900
Harlem- 1st, 7s, coup
'136
US'*
Dakota Ext.-6a, 1910..
1st, 78, reg., 1900
106
N.Y.Blev'd-lst, 78, 1006 II8I3
lat, conaol., 6s. 1933
.i.
1st, consol., fie,reg.,1933 106
N. Y.P.*0.— Pr. I'u, 6a,'95
40
Min's Un.-lst. Os, 1022, 108
N.Y.C.4N.— Oen.,6s,1910 36
36
40
Tnist Co. receinla
St.P.* Dnl.-lst, ."is, 19311
103
So. Car. R'v.-lst. 08, 1920, 102
N.Y. * N. Engl'd— let, 78 114
loev
2d, Oa, 1(131
1st, 6a, 1906
79 "s; 7014 Shenand'bV.- lat,78,1909
N.Y.C.&8t.L.-lst,6B,1921
•25
General, Oa, 1021
2d, 6b, 1923
29
N. Y.W.Sh.* BulT.- Cp.,5e •'28 ij 30 14 Tex.Cen.— 1st, 8.1.,7s,1900, 52
52
.,
Registered, 59, 1931....
1st, 79,1911
53
19
Tol.Del.A Burl.-Main, Os
N.Y. Susq.* W.— 1st, 68.1
Debenture, Oa, 1897 t
Ist. Dayt, Div., 63, 1910
80
Ist, Ter. trust, Os, 1910.
Midland of N. J— Ist, Os 78
Tex.*N. O.— 1st, 78. 1905
N.Y..N.1I.&H. .l8t,,rg.,4a 109 113
80
Sabine niv.-lst.R9,1912
Nevmla Central— lat, Os..
67
N.Pac— 0.1. gr..lst, CI). .68 105% 105 Va. Mid.— M. inc., Os,1027
34
104
37
Wab.St.L.APilc.— Oen.,63
Registered, Os, 1021
7OI4 76»*
65
60
Chic Div.— 5s, 1910
N.O. Pac.-l8t,es,g.,1020t
94
Uav. Div.-Oa, 1910
Norf.&W.- Gen., Ba. 1931
80
Tol.P.AW.— l8t,79.1917 75
New River- lst,6B,1032
.1"
Iowa Div.— Os, 1921
Ohio* 31188.-Consol. a. fd
III6
Consolidated, 7s, 1898..
Ind'polls Div.-Oa, 1921.
Detroit Div.-Os, 1921..
2d consolidated, 78,1911 109 110
109 Hi
Cairo Div.— 58, 1931 ....
lat, Springfield Div, 7b
WabaBh- M6rt. 78, 1309
Ohio Central-l9t,08,1920| 59
Tol.* W.— 1st, ext.,78.| 10634 108>4
lat, Term'lTr.,(i9, 1920,1
99 100
1st, St. L. Div., 7s, '89.
Ist, Min'l Div., Os, 1921
'00
91
90
09, 1921....:
2d, ext,, 78,1893
OhioSo.-l9t,
Ecinlpm'tbds, 7s, '83.1 •30
tlreg'n* Cal.— lat,09,1921
!lh\ 7214
78
Conaol. conv., 79. 1907;
Or.*Transc'l-09.'8'_>-1922
80 'e 81
Gt.Wusfn— lat, 78, '88, ios'ii
Oregon Imp. Co.— lat, O9.
'00
91
•2d, 78, 1893....
Orcg'n RU.*Nav.— I9t.e9 112'»'
100
Q.ATol.-lst, 7s, 1890
D(!lientnre9, 79, 1887
'101
Han.* Naples— 1st, 7s
Panama- S.f.,aub.08,1910
103 -a
111.* So.Ia.-lst,ex.,0s
Peoria Dec. * Ev.— 1st. Os
93
St.L.K.C.*N,— B.e.,78 ioi"' idah
Evans.Div.-l8t,68.1920
87
Ist.Os. 101'.
Omaha Div.— 1st, 78.
coria* Pek.
BO'
Clar'daBr.-Os, 1919
PaciHc Railroads80'
St.Chaa.Bgc— l8t,08 76
Central Pac— Ciold Os.. 112
No. Miasoun— lat, 7a..
1111aSan Joa'tuin Br.— Os.. 104
90
9934 W6st.Un.Tel.— 1900, coup, 116
Cal. * Oregon— Ist, Os
116 il6
1900, reg
Cal. * Or.— Sor. B., 69. •00
Land grant bonds, 6b. 091a 99 V N.W. Telegraph-78, 1904
108 "a lOo'a Mut.Un.Tel..-S.fd,08,1911
West. Pac— Bonds, Os
No.R'way (Cal.)— lat, Os 103
96
98
INCOME BONDS.
80. Pac. of Cal— Ist, Oa.
(Intrreit payable if farned,)
80. Pac. of Ariz.— Ist, Os
So.Pac.ofN.Mex.— Isf.Os 9314 ....
Atl* Pac-lnc, 1910... 14 14 14'4
Central of N. J.— 1908 ....
Union Pacllic— Ist, 08.. 11234!ll3
111-i
Landgraut*. 78, '87-89 I()434;i05i2 E.T.V.*G8.-Inc.,6s,1931
117-'4 119
1019
Gr.Bay W. A St. P.— 2d,inc. 10
Sinking fund, 83, '93
1191a Ind.BI.AW.Inc.,1910
Beg., 8s, 1893
"14"
25
Consol., inc., Oa, 1921...
CoUateral Trust, Os.
18
IndsDec.t Sprp— 2d,lnc.
68, 1907
Do
Leh. * Wilkesb.Coal.— '88
Kane. Pac. — 1st, Oa, '95 IIOI4
10914
23
Lake E.A W.— Inc., 7s, '99
lat, 68, 1898
23
Saud'ky Div.— Inc.l920|'
3>euv. Div.0s,as9..'99 10934
93
Laf.Bl.*'Mun...Inc.,7a,'99 "22
1st, consol., 68,1919.
80"
Mil. L.Sh.*W.— Incomes!
C.Br.U.P.— F.e.,7s,'95 100
67 >»
At.C.*P.-l9t,69,1005 "90" 921a Mob.*0.— l9t,prf.,del)en.| 50
30
2d, pref., debentures
At.J.Co.*W.— l9t, 6a
85
3d, pref., debentures
Oreg. 8hort-L.— lat, (>s
4th, pref., delH-ntlires...
Ufc So.— Gen. ,7s, 1909
90
N.Y. LakoE.AW.- IncOa]
Exten., 1st, 78, 1009
04
95
Ohio Cent.— Income, 1920]
Ko. Pac— 1st, cons., Os.
107 'a
Min'l Div.— Inc.,78,1921
Sd, 7s, 1006
105 14 Ohio So.— '2d inc., 6s, 1921
105
241a
Pac. of Mo — iBt, 8b.
35
108
PeoriaD.A Ev.— Inc.,1920
2d. 78, 1801
Evansv.Div.— Inc., 1920
St.L.* S F.-2d,0s, CI. A 101
100 101
Roch.A PittBb.- lnc.,1921
6s, Class C, 19O0
100 Hi 101
36
Rome W. A Og.— Inc., 78. 34
6e, Class B, 1006
So. Car. Rv.-fnc.,08,1031 •29
Ist, Oa, Pierce C. * O.
Div.bdsl 25
2i"
StL.A.A T.H.
Epulpment, 79, 1,895. ids"
Extension,

Os, 10'27|

Morgan's La.* T. — let, Oa
1st, 78, 1918
Nash.Chat.ft 8t.L.— lst,78
2d, 6s, 1901
N. Y Central-68, 1887...
Deb. certB., ext'd 58
N.Y.C.* H.-lst, cp., 78
1st, reg., 1903
Deb., 59, 1904

107
110

7a.!

2d, 78, 1897

.

—

!

!

,

.

—

1

—

V

.

.

1

.

V

.

!

Un—

.

I

•60
65
IO3I9
102^4 103
10618 107

*

1

109

I

681.J

Long Isl. RR.-lst, 78,'98 121 |....,
Mil.<!tMatl.-lst,68,1905l ....
1st. cousol. 6s. 1931
1041a'....
Ott.C. F.<t8t. P.— l8t,o8 101'4'lOlia Louis.West.- l9t,8s.
N.— Consol., 7s. llOij.
C.C.C.& Ind'8_) St, 7, 8. fd 125
Louisv.
,*
Consol. 78, 1914
Cecilian Br'ch-7s, 1907 *
100
Consol. sink, fd, 7s,1914 .. .
N.O.it Mob. -181,08,1930! 8OI4 81
Gencial consol.. 09,1934
Chic. St, P. Mln. & Om.—
Consol. Os, 1930
C.8t.P.<tM.— I8t68.1918

l'25i4l
1

1

.

..'116

Buff.*Erie— Newbd8,78 119
Kal. * W. Pigeon— 1st.
Det.M.* T,-l8t,7s,1900
Lake Shore— Div.bonds, 120
Cousol., coup., Ist.
Consol., reg., Ist, 79 ,.
Consol., coup., 2a, 78

,i29"

I

109 'i
118

72 Ij 75
66

l8t, 5-Os, 1909
!2d,5-69, 1909

Cleve. P.

I2014'

J

78.
Minn.— Ist, 7s.

140
134

1

I

86

39
Oenei-al, Os, 1921
Hou8t.E..tW.Tex.-l9t,78
2d,0a, 1913
Ill.Cen.— Spd.Div.- Cp. 68 113
Middle Div.- Reg., Ss .. 1041a
C.St.I-.* N.O.— Ten.i..7s
1st, consol.. 78, 1897..

1

June— lat, Oa. 1922,
99 100
Home W.* Og.— l8t,73,'01
S'thw.Elt,-l8t, 78,19101 113 11334
Con., lat, ext., 5s. 1922.1
Roch.&Pltt.— let,fls, 1921
Pao. Ext.— 1st, 6a, 1921.; 100
70
Mo.K.*T.— Gen'l,0s,10-20 09
Consol., 1st, 68,1922....
56
Rich.*AlIeg.-l8t,78,1920'
General, 59, 19'20
10434 105
Rich.* Danv.—C'on8.,g.,68
Cona., 78. 1904-5-6
Debenture 6s, 1927
Cons.. 2d. Income, 101 1.]
Atl.iCh.- lat, pr.,78,'97|
H.ACent. Mo-let. '00, 104
Incomes, 1900
Mobile & Ohio— Now Os..! 107

.

IIan.& St.J.— Con.68,1911 115
Houston & Texas Cent.—
85
iBt, M.L.,78. 1891 1....
74
1st, Western Div.. 7st..
75
Ist, Waco A No..78t....
58
2d, consul., main line, 89

C—l9t.73;

St.L.V.*T.H.— lst,g.,78 117'a

.1.

.

"31%
(

2d, 79, 1913
Pitts. Ft.W.*
2d, 78, 1912
3d. 78, 1912

2d.7e, 1891

Ist,

47
92

iBt^cons.. 58, 1930
Divisional 59, 1930t

1

IO3I) 1043<

Collater'l tnist, Os,

E.T.Va.AG.— lst.78,1900t 113

.

__

Pitts.C.*St,l,.-l9t.o.,7s,*118ia
let, reg., 7.9,1000

Clev. A Pitts.—Cons.s.fd.
4th, 8. fd., 68,1892...

Mil.L.S.*W.— l8t,«9,1921
Mich. Div.— l8t,68, 1924 100 (101
Minn.* St.L.-lst,7s,1027 1'20
Iowa Ext.— iBt, 78, 1000, lloljllO

1

Pa. Co.'a4ia9,Reg., 1921,

95

Oa, 1910,

Ist.Os, 1884.1913

124
11112 112
1371a

cous.,guar.7B,1900

Ist, cons., gu., 69, 1900
Sar.— Ist, cp.,7B
Rons.
Ist. reg., 7b, 1921
Deuv.& Rio Gr.— 1st, 1900
iBt, consol., 78, 1910

98 »4
69 14

97
67

100 102
Central Iowa— 1st, 78,'99
Ka«t. Div.— Ist. 6s, 1912 •55
•50
111. Div.— Ist. 09, 1912..
Char. Col. <fc Aug.— let, 78. lOo'a

A

129

l8t. Pa. Div., cp.,7B,1917
Ist, Pa. Div., reg., 1917.

loo's
93

Can. 80.— l8t, int. guar. 6b
2d, 6s, 1913
Beg., 6s, 1913

Chesapeake

120

53
127 14

I

Atl. & I'iic- 1st, 68, 1910.!
Bait..* O.— Ist, 6.'i,Prk.l!r. •117
Consol., Ist, 59, 1934

97'4

9634
...
•2d, 0% 1800
1131a 114'a Mox. Cent.-lst, 7s, 1911- "52"
latM., 78,ox.cp.,6,7,& 81

Ask.

Bid.

Penn.RR.— Continued-

108

137

2d.

Atch.t.*.S.Fe—lij9, 1920,
Sinking Fund, O9, 1911.

SECURITIES.

Ask.

Bid.

Metrop'lit'n El.— I8t.l908

ly.

7.9, 1801
Bonds, 79, 1900
7s of 1871, 1901

(Stock Exchcingt Pricm.)
69, 1918]
AllCK'v font.— l9t,68,1922,

Ala Coutral-lst,

Bur.C. Kap.

SECURITIES.

SECURITIKS.

Ask.

week.

ij

97
91

.

Gou'l mort., 08, 1931.
So. Pac.of Mo.— Ist, Os

FRF.J.;

2d, 6a, 1888..Ft. D.— 1st, Os

Des M.
47 la' Ft.

.

Pa.Co.'8 guar.4ia.s.let,cp
t

Coupons oflF.

LIST.

Consol.Coal.- Conv.G9,'97 •lOS
60
Col.C.AIr.Co.— l8t,con.,69
Cum. & Penn.— iBt, Os.'Ol '102

i033J

T6X.*Pac.-l8t, 6s,1906 >109
Consol.. Oa, 1905 t ....
Income & Id. gr.,reg. "30 3J
Klo G.. Os, Aug. cp. on •51 1(
exAug. cp, 47
Do
43
Gen. mort, * Ter. Ob.
Pennsylvania RR.—

OQial

*

W. A Denv.

|>102'«

C— lat, Oa

Gal.H.A H.of '82-181, 5s
Og'bg.AL.Ch.— l8t,con.0a '105
IPuUmau'aPal.Car—Stg.78l-106

105
63

.

apul

11.

.

l.lst.

P»r.

not NatiunkL

100

Aiuar. Kxoliuiire..

100

BroH4lwAy

-

Bid.

I

'.'IS

U

Cittisna'

City

Commerce
Oontlnentttl

OamKxchaiigo-....

KMtRlvor

«eT«ntli WarU'....

WVOi

nUi AreQue*

Wrst

Fourth
Fntton
OslUtln
Oamalit

Oannan American*.
Uerman Excliauge*
Germanla*
Greenwich*
Hauovt-r
Imp. A Traders'
IrvinK
I/enther >f»nuf'r8'..

Maoliattan*

Marine
Uarket
Mechanics'
Ueohanlcs'ATrada'
«eroantlle

1

eramiutg*

I

Merchnnts'£xch...l
Metropolis"
Metropolitan

I

11U1»

Nassau'

New York
Mew York Couutr
er.

U2

lOO

Uhalimm

I

I

.!

Y. Nat. Exch....!

Ninth
North America*....'
Horth River*

,

100
26
100
100
100
100
2S
25
100
100
100
100
80
SO
100
75
100
100
25
100
100
60
100
50
100
100
25
26
100
80
50
100
100
100
60
100
100
100
100

155'

160

American
60
Amer. Kxchange... 100
Bowery
28
Broadway
25
Brooklyiu

17

20
70
100
60
100
40
100
30
60

Citizens'

110

Commercial

'i60

Continental

li7

IJO

Hl»Kl6

Empire City
ExcnanKe

15S

Farragnt
Firemen's
Firemen's Trust
Franklin ± Kmp..
114

113

17
.

Oerman.Amerloan
Qermanla

.

Qloba
Greenwich
Guardian
Hamilton

iso"

126
100

KlnftaC'uty (Bkn.).
Knlokerliockcr

142

Lonj; Isl'rt (B'klyn)
M.innfac. <& Build..
Mfcli. A Traders' ..

iio"

14

Howard
Irving
Jefftirson

152>a

140
100
113
128
SO

50
100
60
100
30
20
40
60
100
26
50
50
80
80
80

Home
142 >a

120
130

MeihanlCH' (Bklyn)
Mercantile
Merchants'

UO

Moutauk (Bklyn.)..
Nassau (Bklyn.) ...

21

National
N. Y. Equitable
N. y. Fire

120

10
100
100
60
80
26
100
16

Hanover

150
100
140
250
130

3Ta

35
100
Niagara
SO
North River
25
P^aolflo
25
Park
100
Peter Cooper
20
People's
80
Phenlx
60
Rutger's
26
Standard
60
Star
100
Sterling
100
Stuyvesant...
26
United States
2S
Westchester..
10
Williamsburg City. 60
...

|

ISti

'

ItO
100
110

70

30
'26

140
60 147
Park
100 142
People's*
25
Phenlx
20 100
Produce*
50
Bepnbllc
100 108
atsicholas*...
100 US
flerenth Ward.
100
Second
100
flhoeift Leather
100 127
fittte of New York* 100 106
Third
100
Tradesmen's..
40 95
Union
60 160
United States
100

Bid.

153
144

112

BBODBiTtaa.
ll"

-l«t,7e.

(Uont'd)-

121V
ti'2oy

Far.

City
Clinton

Paoltlc*

Wall Street...
West Bide* ...

OOMPAMIXS.

2300

i

"
Oriental

.

B«itoB, P>llB4elpliU aid gkHtaor*.

BKObKITIBB.

PRICE.

A*k.

187
120«12'."a

1(H)

Ohft«e

,

449

CPrtoos by g. B. «lloy, 7 Ptne St.]

lt«

Contril

!

qBototioBt

PRICE.

Amailci*

Chemical

Local Securities.

InskraoM Slock LUi.

Bank Stock

COMPANIES.
Marksd than (•) u«

—

'

THB CHRONICLE.

ma.]

New York

Murray

.

5«::::;:

A Albany—7s
A Lowell—7s
«•
Boston A Provldenee—7a
Burl. A Mo.— Ixl. gr., 7s

Bid.

140
05
130
170
155

102

no

116

I'JO

101
75

30
110
212
120
105
230
eo
100
117
120
65
40
118
200
SO
100
40

70
65
100
100
14S
80
140
70
120
100
165
100
140
100
lao

no

»5
40
60
100
123
120
215

lot

126

30
230
246
80
100
108
86
60
116
720
125
110
260
67
108
125
1'.'5

dO
S3
125
210
90
106
112
50
85
63
106
107
150
87
150

80
126

UO
175
108
150
110
135
118
100
55
55
120
130
126
226

11>.

Scrip

',

t'ons.,« p.
..,..,..
Cam. * Hnrl, To. -8s, '•7.
Cauwissa-lsi, 7s, ooa. e.
Chat. M., 10s, lt6«

117
107

Now 7s,

1201,

reg.

A

onop,

Oonaeot'g as, op.,
Cor.CowanA Aiu
I>alaware-Oa. ro-

i

iido

!••

'22

ilXO

I

,

(ii

l.'O

.

OeL A Boaod Ki
Bast Pann 1st, /<, !<»>
iVo" EaslnnAAmb'r-Sa, 1920
ioo-i

107

|io:is

BlAw^lsp't-^st,e^ loio

6s,perpelnal
108 >, Harrlsb'g-lst.as, 1883..
51
H.AB.T.-lst,7s,g., 1890
ll«S
Cons.6s, 18M....

liiff**

114S!^
101

91
IthaoaAAth.-! St,
Debinture, 10s;
88
88 <! I«ta. V.-lst,8a,C.Agld.,7s
R.,'98
105"
N. Y. A N. Knglaud—as,
.
3d, 7a, rag., 1910
'.'.'."'.nU
7s
113^114
Cons, es, C.A a, 1923..
Ii"
13«
N. Mexico A So. Pao.— 7s 118Hill»
N. O. Pac.— Isl, 6s, 1920.
86
81 «, No. Pcnn.-2d,
Ogdensb.A L.Cb.—Con.6s {80
7s, op. '96. 176
Income
Oen.,7s, 1908
127 >al.
Old Colony— 7s
Debenture es, rag
lUS
Norfolk A West.-Geii.,6s
PuebloA* Ark.'Val.—78!
119
K. R. DIT., 1st, 6s. 1933
Rutland—6s, 1st
noihi
N, y. Phll.A Nor.— lat, 8a
94l« 96
Sonora— 78
Inc., 6s, 19:13
91",

,

'

8^

STOCKS.

CltyAChlc-lst,

Oil

8s..
09 >t Oil Creek- 1st, 6s, eoap..
7", PenosylT.—
7
Gen., OS, rog. 126 \...^
liorttonA Albany
176'i 177
Gen.,es, cp., 1910
128ft 138
BostonA Ixtwell.
]09>s,U0
Cona, es, rag., 1906.... 132
174 174 >,
Hoatou A Maine
Cona, es, coup., 1906... laib
1741,
BostonA Providence..
Cona, 6s, teg., 1919
107 108
BoHton Kevere B. A Lynn 106
Pa A N. Y.
7s, 1888. 124
128
<'arnbrid-e
72
73
7,1906
133
IM
Clicshire, preferred
85
Parklomen— 1 st, 6s,cp.'87 93
(Inc. A WeslMlchlKsn.,
PhU.AErle-l»t,7s,cp.-88
lii-r
('inn. Sandusky A Cleve,
"l6"
Cons., 8s, 1920
Concord
Cons., 58, 19'20
105>,105i||
Connecticut River
167
Phlla. Newt. A N.Y.— 1st
Conn. A Pussumpsto
751,
Phil. A R.— 1st, 6s, 1910..
('"iinotton Valley
3d, 7s, conp., :893
113 ....
l)et. Lansing A No., pref.
Cons., 78, reg., 1911
119 ...,
Kaatern, Mass
*7
--.Cona, 7s, coup» 1911 .. {llssV...
inia'tlSi,
Kitchbnrg
Cons., 8s, g., I.R.C.1911 108>,...
Flint A Pere Marquette.
13
Imp., 6s, g., coup., 1897
81 »«
Preferred
Gen., 6s, g., coup., 1908
74
7S
Fort Scott A Gulf
92
Oen., 7s, coup., 1908
81
«127l,
Preferred
Income, 7s, coup., 1898
37
8»
691,
Iowa Falls A SloTii City.
Cons. 6s, 1st ser.,c., 1022
29
66),
Kan. C. Clin. A Sprtnijf'd
17",'
Cons. 6s, 2d ser.,c., 1933
Kan. C. Sprlngf. A Mem.
Conv. Adj. Scrip, '86-88 36
Little Rock A Ft. Mmith.
36
Debenture coup., 18931
Louisiana A Mo. River.. {ISV
Scrip, 1882
Preferred
Conv., 7s, R.C., 1893..*
21
Maine Central
Conv. 7s, cp.oft, Jan.,'86
Marq. Uought'n A Onton.
18
20
Phil. Wll.A Ball.—4s,tr.ot
»8<«
Preferretl.
Pitts. Cln. A St. L.— 7s....
120
Metropolitan
841,
Pitts. Tltns. A B.—7acp.

A Topoka
Atlantic A Pacillo
Atchison

69

C—

,

,

I

UV

Nashua A Lowell

Gaa and City Railroad Stocks and Bonds.
[0«s QnoUtlons by Geo. H. Pbe.ttiss A Co., Brokers, 49 Wall Street.]

2'\.

,

Mexican Central

60
100

C«

Nebraska,6s. Kiempt{tI8
Nebraska, 6s.Non.ex'pt i
Nebraska, 4s.
89
Conn. A Passumpslo— 7s,
Conootton Valley—6s
KasfTB. MaM.— es, new..
Fort Sootl A Oult— 7s.
118 >,
K. City Lawr. A So,— 8s
ICCItyat.Jo.AC. B.— 7s 120
Little B. A Ft. M.-7S, 1st 108 >g
K. City Hp'd A Mem.— es 108
M nxloan Central—7s ...
60 V

Income

111

',1

OS
Huston

150

13.1

20
220
230
70
78

•i2
-<laa.,Ss

Hoslon

180
170
145

UO

.

ll-a

Sbamokln V.

A PotU.— '7s

160
Shen. Val.-lst. 78, 1008
N. y. A New Kngland ...
17 V! 171,
Oen'ies, 1921
Northern of N. Hampsh.
1117
Income, 68, 1933
Norwich A Worcester... 155 160
Income, 6b, 1914
163
Old Colony
Sunbnry A Erie— 1st, 78,
8",
(^Kdonsb. A L. Champliiln
Sunk. Has. A W.— 1st, 6s
Portland Saco A Portsm }117 12S
2d, 68,1933
181, 191, .Syr.Gen.A Com.— 1st, 7s
Rutland— Preferred
10>4
Hum [nit Branch
•rii. A Pac— Ist 6s,1908 1081,
Worcester A NashOA
72
Consol., «8, 1905
72
Wisconsin Central
121s
Union A Titusv.— 1st, 7s.
35
«...
Preferred
United N. J.-Cona.es,'94

80

,

OAB COMPANIES.
Brooklyn Oae- Light

Par.

Amount.

Data.

Period

*

2$
2,000,000 Var's
ClUxens' Qas-L. (Bklyn)
20
1.200,000 Var's
Bonds
1,000
259,000 A.AO.
Couitolitlated Gas
100 35,430,000
Jersey City A Hoboken.
20
756,000 J. 4 J.
Metropolitan— Bonds ... 1,000
700.000 F.& A
Mutual (N. y.)
100
3,500.0001 Qnar.

Bonds
Nassau (Bklyn.)

1,000

Scrip
Paople's

Var's
10
1,000
Var's

Bonds
Bonds

(Bkl^)

Williamsburg

Bonds
Metropolitan (Bklya.)..
Municipal— Bonds
Fulton Municipal
BCUuS
„. ..

BoalUbla
Bonds

26

60
1,000

100
1,000

100
'ibo
1,000

1,500,000

N'rl0,'84 130

131

85
110
54
114
12S
105
121
96
81

Pi-eferred
Bell's Gap

2>»Unov. 1.'84

m

93
&
Mchl5,'85 79
Sia Nov. 1,'84 105
1,"'84
A
3 lOct.
98
2>i Jan.20,'8S 135
3
1900
106
1,000,000
3
Jan. 1,'85 93
760,000 M.<tN. 3>s
1888
105
3,000,000
3 Jan.15,'86 150
300.000 J.* J. 6
1900
101
2,000,000
107
1,000,000 A.AO. 6
1900
106
!

(

AD

Xlghth Av.-8tock

24 >4
July,1900 112
2 April l,'(i5 169
6
June.lvOl 104
6
1914
102
3>» Feb., '88 214
6
Jan., 1902 I0>i
4
April 1, -88 168
7
Jan., 1«88!105
2
'85 162
Keb.,
IH. Apii', I.'S.'i 155
6
.Noy..l W22 110
2
April 1,'«S 143
Dec., 1902 121
7
l-^ Feb., '85 132
7
Oct.. 1898 110
21, Feb., '85 190
June, '93 14
7
Feb., 1914 104
6
Jan.,

'85'

I

A

1»«

Preferred

SI*

101
140
110
96
110

2d preferred
Delaware A Bound Brook
East Pennsylvania
Elmlra A Wllllamsport.

,

Preferred

151
105
109
ilOS

Huntlngd'n

,

A Broad Top

641,
611,

66

113>i
172
105

103 >3
220
112

Cons., 7s, reg., iBll
Pennsylv.—6s, cp.. 1910..
Schuylk. NaT.— lst,68,r».
3d, 6s, reg., 1907

41
54

175

112
167

160
1121,
145
l'J3

137
116
193
116<,
105
265
108
265
117
150

Par
Atlanta A Charlotte.
100 176
Baltimore A Ohio
1st prof
3d pref

641,

Pennsylvania

A

A

Cnltwl N,

J.

A

Companies..

West Che.iter— Cons, pref.
West Jer«ey
West Jersey A Atlantic.

18>,

^H

19 S
109
71,

RAILROAD BONDS.

AUegh. Val.-7 3-lOs, '06
7s, K. ext., 1910
Inc. 7s, end., coup., '04
Ptttsb.— lst,6s
lst,6s, reg., 1908
Balrld'e I>er.-lst,6s,1902
ad. 6s, 1888

A

8d, 6s, 1887

193

U

IS

tit

.

83 •>

Inc.

2d
401,

133

8\

RAILROAD BONDS,

Cln.

Waab.

A

Balt.I-ista

2ds
Sds

I06\
1071,

90

fcT*

101^

if
38

411. ColnmblaA QteeaT
r.-iatsl »e
60
2ds
81,
No.Central-8s, '86, J.AJ 10I\
117
6s, 1900, A.
iiev es,cold.l800,J.AJ.... lid
103 1«
6e.8aitMA
103
6s, Sarlea B
tl3
Pltlab.AOon'eUa—7aJ*J 122
Union RR lat,>aa-IAJ lis

Ac

120
101

aiw>a

Cantonendorasd
Virginia

A Tana.- 6a

101
136 >t

8a

no

W.Md.-6s, 1st, (., J. A J. 109
3d,guar.,J.A7
3d. nar. by W.Oa.,J .*J

100
96

68, 3d, guar., J.

A

J

WIIB.C AA«C.—68

2d, 7s, 1908
Conn. 6s. 1921

Ex.dlvldend.

Western Maryland

AtlanU A Cbarl.— 1st.

Cen. Ohio.—6s, lst,M.AS.
Charl. Col. A Ang.-lsl,

1031,

Bell's Oap-lst, 7s. 1893
tn— 1st, 7s,
1st, 6s,190S
Consol., 6s, 1913
Buff. N.'i'.A Pha-lsl,6s

>

60
60
60
60

88
180

41

Schuylkill NaT., pref...

Ashtab.

117

Parkersburg Br
64
Central Ohio—Com
54 >,
Prof

BaIt.AOhlo-«s,,'85A.AO

CANAL STOCKS.

Lehigh Navigation
Pennsylvania

107
831s

RAILR'D STOCKS.

North Pennsylvania
Ptalladelpbla
Erie
Phlla. Ger.
Norrlstown
Phlla. Newtown
N.Y
Phlla.
Reading
Phlla. WUm. ABalt....
Pittnb.Cln.A St. L.—Coin.

124 <•

"834

BALTIIHORB.

66
60

—

A

A Del.— 1st, 68,1886
Lehigh Nav.-6s,reg.,'84 108
Mort. RB., reg., 1897 .. 1171,

69

Preferred
Little Schuylkill
Mlneliill A wch. Haven...
Nesgiiohonlng Valley
Norfolk A West'n Com,
Preferred
Northern Central

109

108

CANAL BONDS.

Ches.

127
60

Preferre<l

Lehigh VaUey

'-a

W.JerseyAAtl.— lBt,6a,C. 106
Weatem Penn.—Oa, ooup.
1896
Oen.,7a com).. 1901

Catawtssa
1st preferred

—

6s, P. B.,

,

no

25

S

2l«

PhU,

6s, gold, 1901
88, gold, 1908....

Oen.,4s,«old, 19'23.... 100
Warren A F.-Tst, 7s, '96 {103
West Cbestar— Cons. 7s. 1151,
W. Jersey— Ist, 8s, op.,'88 114
133
lat, 7s, 1899..
Cons. 68, 1009.
113

—

,

Buffalo N.y.
Preferred

100 1,000.0001 Q.—JJ 2"s Ap ill,'8;. 240
100 1,000,000 F A A 6
Feb.. If 1 4 luS
100
748.000 <J.— F. 4
April 1,'S5 245
1st mort
1,000
236,000 A.AO. 7
April, ax 112
Hoost.W..st.AP.F'y-stk
100
250,000 Q.— F. 2 Feb., '85|140
1st mort
600
600,000 J. A J. 7 July, '04J111
U3>,
Baoond Av.—Stock
100 1,«6'2,000 J. A J. 6 Jan., '86 181
185
1st mort
1,000
400,000 M.AN. 5
lUlO
105
105 >,
Consol
1,000 1,050.000 M. AN. 7
May, '88; 105 106
Sixth Av.— stock
100 1,500,000 M.A a. 5
Nov., '84lj60 305
1st mort
1,000
500.tM)0lj. A J. 7
July, '90; UO
115
Third Av.-stock
100 2,000,000 a-:
6 Feb., '8.') ^90 300
Bonds
1,000 2,000.000 J. A J. 7
Jan., '90 ill
113
TwantytUird St.—Stock.
100
600,000 F.AA. 4
Feb.. '85 19.^
205
lat mort
1,000
260,000 M.AN. 7 May, '93 112
114
• TkU Golunn snows last dividend oo ttockt, but date
<d maturity of bond:
Scrip
d3d A Or'cd at.P'ry— Stk

PHILADELPHIA

Camden A Atlantic

(Quotatlona bj H. L. Grant, Broker, 145 Broadwsj.]
il'cker »i.A Falt.F.—stk
100
900,000 J. <ft J.
1st mort.
1,000
700,000 J. A J.
Br'dway A 7th At.—St'k.
100 2,100,000 Q.-J.
1st mort
1,000 1,500,000 J. AD.
2d mort
1.000
600,000 J. A J.
Brooklyn City—Stock. . .
10 2,000,000 a-F.
1st mort
1,000
800,000 J. A r
Bklyn. CroMfltown— Stock
100
200,000 A.AO.
1st mort. bonds
1,000
400.000 J. A J.
Bushw'kA V. Kklni— St'k
100
SOO.OOO' Q.— F.
Central Crosslown- Slk.
100
600,000; Q J.
1st mort
1,000
250,0O0|M.AN
Oont.Pk.N.AE.Riv.-Stk
100 l.SOO.OOOJ (J J.
Consol. mort. bonds
1,000 1,200,000 J.
Ohrisfph'rAlOth St— Stk
100
650.0001 Q.— F.
Bonds
1,000
250,000 A.AO,
SryUk.E.U.A Bat'y— Stk
100 l,200.000i Q.— P.
1st mort., cousol
600&C. 900,000 J. A D.
Scrip
100 1,200,000 F.A A.

Cona
Cona

RAILROAD STOCKS, t
Allegheny Valley,
Ashtabula A Pittsbnrg..

82
JanViV'SS 145
1902
110
Apr.10,'85 123
1902
103
April, '_ 119
85

M.AN.

1.000,000, Var's
700.000; M. AN.
I.OOO.OOOIJ.
J
400,0001 M.4N.I
1DO,000|J.
J.
1,000,000} Qnar.
1,000,000 A. <t O.

Bid. Ask.

Jan. 1,'85 83
S'g F., '99 107

..

WU. A Wauwn-Gald.78.
Per

stiara.

(

la dataalt.

I

Last ptloa

OU weak.

..
. .

THE CHRONICLE.

460
BAILKOAl) EARNIN«S
The

latest railroad earnings

New York
from Jan.

totals

all railroads

The statement includes the gross
from which returns can be obtained.

New York

Jan. 1

Union
America
Phenix

to Latest Dale.

1884.

1885.

1885.

1884.

DS,450
AJa. Gt. Soutli'n Feliruary..
Atcli. T. & S. F. February . 1,064. 74t<
171,000
Atlantic APnc. Marcli

85.276
,167.020

203,211
2,180,446

43,492

35,983

98,557
616,229

Boat H. T. &W. March
Bur.Ccd.R.&No 3d w)i Meli
Canadian Pactflc ItliwliMch
Central Iowa. .. ithwkMcli
Central Pacific.. February

6P,34(>

&

& Alton

116,000
32,723

1,397.0011 1,402,571
70,428
65,.538

3dwkMcli
Sd-nkMch
:!(! wk Mcb

Oliio

Eliz.Le.x.&B.S
Ches. O. & S. W.

."5,405

17S,00<
30,897

.

12,729
£9,155

15,36
29,226

1,291,341

98,876
2,067,756
711,647
145,137
315,447
',!

wliMcL
172, 63S
185,012 1,8B2,897
Cble. Burl. &. Q Ftbruwry l.dOl.HlS 1,971,013 3,594,391=
3,'),354
381,124
31,584.
Cbic. & East 111 4tbwfeMcl
490,649 5,440,001
CWc. Mil & St.P. 1st -B'li .-Vpl 494,00<
Cblc.&Nortbw 4thwkMcb 661,200 601,400 4,778,900
135,900 183,700 1,091,900
Ch.St.P.Min 40 4ibwViMcl
215,796
30,63
22,713
Chic. «& \V. Mich 3d wk Mcb
590,350
60.645
62,193
libwlMcb
Cin.lnd.St.Jj.AO
397,745
196,098 160,13^
Cin. N, O. &T. P. Fel.ri;a>,y
.'54.(8?'
474,326
itbwkMcb
57,556
Cin.Wasb.&BaU
103 832
12,821
12,963
Clev.AkronACol 4thwkMcb
2;6,0«3
256,09j
272,313
Clev.Col.C.& Ind January ..
42,272
22,10J
19,620
Connotton Val-. February.

Chicago

Itli

.

Danbury & Nor February..
Denv. <V Rio Gr 4thwkMcli
Denv.

13,lf9
168.191
69,100
7.904
33.062
19.70(

& R. G. W March ....
Ft. 11. 3d wk Mcli

13,541
123,685
62,131
5,8si3

Des Mo. &

Det.Lans'K&No Itb-nkMcb
Dub.iSiouxtity 4;b-wkMcli
E.Tenn.Va.&Ga. Febiuaiy.
E^vansv. & T. H 3d wk Mcli

311,894
17,404
50.5 CV
23.296
31.127
211,097
273,b97

Fliut&P. Marq 4tbwkMcb
Flor. R'way & N. IthwkMcb
Ft. Worth & IJCU March
January...

Gal.H»r.& 8. An.
GrandTrunk...
Gr.BayW.&St.P.
Gulf Col. & 8. Fe
III.

Cent.

Do

WkMch.2F
2d wk Mcb

6,69;

February.

69,102
25«,aou

4thwkMcb
4tbwkMcb

(111.)..

(Iowa)

37,40(1

Ind.BIoom.&W.I March
K.C.Ft. S. & Uulf Od wk Mch
Kan. C. Sp. & M. 3d wk Mcb
Kentucky Cent'l 3d wk Mcb
IiakeErie& W.. 3dwk Mcb
L.Rk.&Ft.Smlth February..
L.Rk.M.Kiv.&T. February.

Long

227,088
49.828
S5.73ti

15,623
23,163
44,986
31,004
35,612
39,828
386,940
4.190
113.300
138,650

IstwkApl

Island

January...
L'a Western
LiOulsv.& Nashv, 4thwkMcb
Mar.Hoiipb. A-0. 3d wk Mcb
Mexican Central 4thwkMcL
Hex. N.. all lines February..

Milwaukee & No 4thwkMeh

16,5,-fl

wk Apl

23,326

&fct.|jOuis February..

127.-I3I-

Mobile* Ohio. .[March
Kash. Ch. & St.L 'February..
N.O.& Nnrtheast'February

195.140
174,9 !!•

Mil.L. Sb.& VV'esMst

Minn.

62,51

.

N. Y. Pa. & O February..
N.Y. & New EuK. February.
N. Y. Ont. & W. January ..

311,005
226,0S)f,

123,330

N.Y.Susq.&West Febrriiiry
& West March
Shenandoah V. 2 whs Meb.

6S,:"05

.

i

192.471
26,252

Norfolk

-Northern Ccni'l
Northern Pacittc
Ohio Central....
Ohio & Miss
Ohio Southern..
Oregon Imp. Co

399.049
686,427
24,88"
299,081
43.540

February..
Miircli

4thwkMcb
February.

February

.

212,03(1
Februarj-.. 3,07.^,7t
F.-bruiir.v

Peuns.ylvania..

.

PeoiiaDec.ArEv 4tbwkMcb

17,276

Febiuary..
Philii.A! Eric
Phiia. ic Rciidiiis Fcbriiury..
C. *V Iron February..

1,791.645

208 200

Do

969.62::'

Eichni'd &Danv. March

352,300
75,o7p

Cb.O'I.&Aug March

..

25,63SJ

51,840
50,666
377,219
5,393
78,30J
133,928
13,412
21,895
109,."' 91
185.275
210.495
39,15.i

*59.'),220

145,947
432,('60
262,49:i

i.CoUiiubia&Gr. March

6i).0H2

w

9'/, 951

64,646
520,810
39,828
3,514,752
51,96(:

9.59,388

26e,979
130,065
271,710
257,514
560,39
3,59,90."

117,69(1

2,190,214
730,66'
456,5 Uj
128, 33(
139,171
619,102
27.9191
110,673
793.26 =
39s,613|
978,9=6 1,809.073
31,779
243,103
253,901
601,448
88,64'.28,122
2 2.=' 133
445,174
3,4,26.7.13 6,3.^3,2 22
20,4 It.
176,371
246,005
430,217
2.002,342 3.641,011
9.56.77!'
1,814,411
i

987,84:'

237,165
211, 710
169,124

IJanuary...

114,39.^

81.041

103,89t
271,80.
114,395

St. Johns, ife I,. CJanniiry-.St. Jo. .fc Wcsfn March

17,810
317,452
33.210
18.8i0
20,001

12,640

17,81(

I

Bt.L.AItouiT.H,!4tliwkMcb
,

Do

IthwkMch
4lbwkMcb
St.L.&San E ran list wk Apl
St. Paul & Dul'th;4th wkMcb
(Hranche.^i

St. L. F. 8.

&

W

.

Wab.
West

&

P.

4thTvkMeh

Central National..
Second National..
Ninth National...
First National
Third National ...
N. Y. Nat. Exch..
aeriuan..\merlc'n.
Chase National...
Fifth Avenue

German Exch'nge.
Qermania
United States
Lincoln
GarHelil
Fifth National-...
B'k of the Melrop..

West SMe

81,470
5«,012
490,509
50,666

The following

55,010
614,0;8

18B1.

116,882
273,834
23tf,193

523, :86

Wisconsin Cent'l 1st wlcMch

27,16b

Beoelver took possesgion.
Ind. Deoattir

&

Bpringf. in either year.

4'23,60O

46,000
6,400
RtJO'o'oO

271,600
265.400
4"42,2()d
4"(;2,800

162,21)0
7.87,000

4,081,200
5,675,300
1.832.000
22,901,200
22,930,000
1.702,000
f65,O0O
18,571,700
8,648,000
2,842,000

12:-) ,900

193,200
887,500
394,000

53,700

741,800
894,2C0
809,000

103,500

989,900
45,000
2"24',00d

180,000
297,000
38,000
45,000
416,100

5,464.001

18,162,100
6.175.500
1,206.200

179,900
219,700
180,000

2.06(4.700
2,4 06.300
2,4 40,(100

4,465,300
2,977,600
2,444,300
2,095.400
2,558,300
1,904,600
1,024,900
1,148.40"
3,870,700
1,498,000

46',00O

180,00,0

43,100
177,000
184,600

Deposits,

tOtrculation'Aog. Clear*Q$

— Following are the totals of the Boston banks
L. Tenders.]

Specie.

1884.

M'h21 142,766.200
" 28 142,077,200
Apr. 4 143.282.100

80.'<,469

Circulation] Agn. Glear*ga
I

4,989,400) 99,633.100 22,48'2,900 60,630,672
5,5)0,000' 97.542,600 22,637,4110 52,680,628
5,210,10O[ 99.242."()0 22,470,8001 66,634,493

8,324,500
8,408,400
8.:)04,6fl0

Philadelphia Banks.—The

142,51 3

Deposits.

S

$

banks

totals of the Philadelphia

axe as follows:

2,113,144
244,821
574,302
61,095

488,518

"

28...

Apnl

18i>,2a8

462 20i

4...

* Inclniling

4,198,1 12

Deposits.'

25,631,008

7:?,587,79(1

'7,8S;<,725

2j,03-i,585

72,953,918

7,6«7.6-jO

28,-01,0,1:1

72,452,-3.1

7,690,31'1)

,74,282,240
74,472,677
74,987,741

Itfch. 21.,,

7,0ii0,9*.6

the item

"due

:

1

I

42,647,084
42,872,783
41.598.134

to other banks."

Unlisted Securities.— Following are

1,935,79
919,844
216,539
188,311
110,908

]CtrcUlatlon.]Agg. CUar'gt

Lawful Money.

1885,

latest quotations for

a

week past:
Bid.

Securities.

216,705
92,179
210,54>-

81,010
12,640

371,729
2116,03
122.33>i
'

1,150,979
198,857
1,.
556,53
262,8h;.

94,986
168.551
47,461
3,072,44^

Ain.K' way Imp.ex-brts
Bank.*feMercli.Tel.,

.Htk

20

IstM.

Ddbonturea
N. V.& Phila

100
51-j

44>ii

87,607
2H,9-.i8

249,684

2y,

California Pajilic
Coninierrial Tui Cik— Pret
Now Orleans...
Denver

&

4

35

J,

5

Oft".,

108

2

5

47

Denv.AKio ar.W

&

R. G.

GHav. by D.

49
20

5

W., l^t M.,
R. G
Ft.Wortli&Den.City— Del
when im. on T.AC.stutis
fien.

&

7

37

39

10
12 Hi

95
43

l8t mort.,6a
I.

B. *&

Lehigh
Little

W. Income bomlB.
&.

Wilkes. Coal....

Rock

Louisv,

it Ft. Siniih..

& N.— Adj.

bonds

11
4
4

20
65
2",

Mexican National

ll-a

"9"

North. Pac.—Div.boiiils
North Riv. Cons,— loo o-c
N. Y. *fc Green d Lake, l.st
Ohio Cent,— Itiv, Div,, lot
Incoiio-s
Peiisacola

Atlantic

2 a.
22"

Mut.Un.— Sfck truat ctfs
35 Ig
ai.K. AT.— Income scrip

6l'«

60
50 Hi

70

l!^t moit., fas
Postal Tel.ifc Cable— Stock

18

181»

State of Tenu.— aeL'lu't.3y
settlement, 5s
Settlement, 6s

58H.

A

Western
St. Joseph
St. Jo. <te Pac., 1st mort.

2dmo:t
Kans.

& Neb.,

2d mort
Texas

60
2
6
19

01
94

Hi

10
110

97
17

115

45
1st mort. 104

46

Imp.— 6

p. c...

& Pac— Scrip le84.

7Hl

70

l-iHi

9''s

17
2

1st moit
Pitt sbntfr .fe Wfstern, 1 st
Po.slal Telesraph-Stock.

14H) Tex.&Ccl.

8

,*"•<

15
16H.
1''4

&

Alll.

SO

.

Boat.H.T.& Weat.~Stk.
Buff.

Bid.

Securities.

Ask.
4

61%

150,7111

a Not inoludlng earnings of New York Pennsylvania & Ohio road.
•Not Includini? the first six days of January, preceding time when
Not iBcludiii^

167,800

\L. Tenders.

pi-et

t

473,,'iOO

149,000
256,700
725,400
607,000
246,400
119,000
579,800
126,600
273,800
127,600
600.000
164,200
70.300
172,700

33 Hi

,

636,1100

148,000
191,500
594,800

2,600
4S2.S09
44,000

S,2l:<.000

1,097,090
1,425,000
166,000
98,000
1.530,800

1,';46.400
78-',600

29».80O
597,800
176,600

3,122,000
2,74 8,300
2,474,300
1,661,600

680,000
326,000

653,000
277,800
418,800

'88,306

3,044.1100

.^92,000

3:16,300

1.100

261,200

9,530.600

133,00(1

1,978,700

351,000

."i.S^S.lOO

166,200
240,000

5,039,.". 00

$

are totals for several weeks past:

Ijoans.

Boston Banks.

397,187
74.893
2,505,740
820,3-7
495,649
121,369
128,195
648,675

136.48*

1

:i.'',000

259,200
7,551,900
2,113,000
530.000
1,214,300

450,000

91
$
$
$
M'h21 301,371,100 104826200!31,S70,700 354,29 1,200 10,97 7.600 428,776,688
" 28300,981.200 104762800 32,020,900 353,443,900 10,899.700|l37, 169,565
Apr. 4 302,757,101 10148 4400| 30,8 12,500 352,684,200 |lO,953,800|416,524,t24

2t)8..520

3,S85,36:i

Febrnjiry

356,000
668,800
632,000
319,600
657,000
608,300
1,284,600
185,200
6,73:,200
S.708,600

101,000
136,200
261,400
77,000
351,300
1,268,000
1.949,100
463,000
624,400
B92,100
K92,400
304,200
126,600
540,600
410,000
249,700
655,900
264,000

tiOTi.

302.767. 100!l04484400 30,812.600 352,684.200 10.953,800

TntBl

3,242, 48r.

1,171,200

16,069,100
4,722,200
1,110,200
2,011,900
1,894,400
2,668,200
2,830,000
2,726,400
1,736,900
1,834,600
2,604,600
1.506,900
1.061,400
1,069,200
2,900,400
4,297,000

Bowerv

14 6,900

6!'8,000
S,63:<.600

2,:«;i,ooo
4,9:42.000

N. Y. County

127,064
224,618

,

APac February

St. L.
.lerse.v

Paik
North River
East River
Fonrlh National..

427,900
612,500

797,900
112,400

2,904,400
1,772,600
3,049,000
4,714,900
4,279,100
1,827,300
18,449.800
17,500.000
1,600,000
1,079,900
13,332,100
7,481,000

Importers'^ Trad,

169,800
1,193,600

19.1,900

2,167,;0(1

.

Oriental

3,77:1,061

.

.

Nicholas
Shoe & Leather..
Corn Exchange ...
Continental

1116,800

1,690,100

2.687,600

St.

67 186

'

Vick.5b.Sh

Irving

864,<i74

9

24,92,q

700,100
144.054
94.986
16.467

23.300
17,S7ti
Tol.A.A.&N.M.: March
Union Pacific... February 1,56), 9 19 1,340,754
55.306
75,433
Utah Central ... February..
Vlcksb'jrA Mer. Februar.v

Hanover

56.944
24,798

2:i,9(

21,719
13,30i
86,000

...

Citizens'

84.420
254,134

1.36c',:100

7.4-d4,900
2,3S'3,000

Nassau
Market

439,000

3,282,000

3,763,400
1,484,300
3,253,000

Peoples'

North America

1,592,200
1.104,000
187.600
1,200,100
77,300
1,312,000

Oirculo-

12,632,000
9,270.000
8,257,500
9,644,000
4,100,400
11,634.600
2,016,000
17,307,100
1,749.600
1.612.500
19.721,100
2,796,300
3,670,900
1,773,000
1,110,000
951,100
2,620,100
1,122,700
4,088.600
12,912,000
17,375,500
4,069,600
6,900,100
2,700.000
8,709.000
4,120,000
1,673,300

1,448,000

2,0l:i.900

2,376,50(1
6,356,81)0

...

Republic

43 .675

63.07.'s

.

.

Pacilic

Chatham

44.284
17,445

I

.

Mercantile

S6.193
25,995

24,145
575,377
121,491

I

Commerce
Broadway

298,976
197,479
119,719
1.088,610
212,198
1,433,750
241,100
65,075
222,354
65,200
3, 23 = 89^
140,375
78,473
55,896

84,a0.i

St.P.Mui.fe Man. March
South Carolina. February.
[January.
Texas & N. O
Tex. & St. Louis. I3d wk Mcb

'34.556

203,909

& Tr..

Leather Mannl'rs.
Seventh Ward
State of N. Y
Araeric'n Exch'ge.

405,314
547,031
508,556
173,212
148,811

56,202
97,905
37,972
21,145

Rome Wat.& Off

Mechanics'

Greenwich

2.=.9,430

349,620
563,151
585,457
406,512
163,400

Georgia Pac.. March
-Va. MiilUmd.. February.
West. No. Car March
Boch. & Pittsl)K 1st wk Apl
•

Gallatin National..
Batchers' & Drov..

91,785
568,528
778,859
321,296
2,852.356
756,328
133,918
262,365
1,937,843
3,619,233
343,940
5,003.536
4,773,458
1,146,552
304,214
194,154
342,943
437,374
100,528
272,343
42,913
25,737
1,129,614
163,315
72,454
298,181
212,558
638,380
141,319
596,786

3,923,053
67,716
263,373
2,484 880

386.742
252,603
121,369
64,140
210,298

349,200
68,232
59,767
44,604
109.590
27,884
18,938

177,589
2,339,368

78,364
211,097
3.493,590
52,251
181.434
2,717,757

1,139,740 1,233,409

"N.'X. L.Erie &\Vrt Feoruarj'.

•

O

39,470
17,87b
320.:- 92
15,98 J
70,110
22,974
29.600
254,134
313,793
6,665
124,959
215,215
33.017
193,222
46,830
13,847
14.811
19.348
37,021

27,650
1,298,831
195,126
76,440
236,03H
188,977

Tradesmen's
Fulton
Chemical
Merchants' Exch.

other

than U.S.

2,633,000
2,696.000

4,031,800
454,000
6,S»43.200 11,539.200
33.'),200
2,090,800
991,500
1,098,000
14,».>2,000 7,180,300
2,871,000
666,500
4,»18,fl00 1,102,900
1,684,000
414,600
1,070,000
90,000
947,100
89,900
2,705,300
859„^00
1,121,100
290,200
S,62D,fi00
507,700
13,:rl87,000 4,142,000
17,606,900 6,607,200
5,677,700
640,500
6,124,700 1,916,200

City

Net Depotiti

Legal
Tenders.

Specif.

11,725,000
8,417,000
6.715,400
8,189,000
4,205,800
10,168,600
2,499,000

,

Manhattan Co
Merchants'
Mechanics'

Soads.

WeekorUo

Loans and
Discounts.

the period mentioned in the second column.
Latest Earnings Beporled.

Amount of—

Averagr

Bank:

The columns under the heading " January 1 to latest date"
furnish the gross earnings from January 1 to, and including,

Chesap.

City Banks.—The following statement shows the
Banks of New York City for the

condition of the Associated
week ending April 4, 1885:

1 to

given below.

latest date are

earnings of

and the

[Vol. XL.

& St. Louis& A. Div., a.s5'tpd...
& A. Div., Ist m.iiX-.
6s. Ist mort., in Texas..
Tol. Cin. * St. L.-lstm..

46

6

28
20
29

Tex.

M.
M.

-..—

20
20

,

S
......

ao

. _

N. Y. M. Un. Tel.-Stock.
N. V. W. Rh.* B,- Stoeli.

85

20
36
S

Vlolisl).

*

Menil'ar, 2d..

48

110
50

.

AVBlh

.

THE CHRONICLE.

11, 18«S.l

%nv63tmcnt
AND

at

wwrwoMvhijr* perowitof

Mm import <luU«n. In •ocanlMo.
with the provlHion, of theoonwwlon. Up
urSec Jl^m^fff
I.m rwol««l in <mrx fwm thin
io^lr^,i^ ViimtU
U. H. currency, «ml Iw, paid out
»8.790.1J»V^

rompany

Tb;^^?^

The IirrssTOBa' Supplbmbmt contains a complete exhibit of th»
Frmded Debt of States and Cities and of the Stocks and Bonds lows
* '"^ **" ^*'' ''°'" *" "™'^ '' •• '<>•of Railroad* and other Companies. It is pnblished on the
Nete»rtilni<i, IT. 8. (•iirrenrr....
last Saturday of every other month—dIz., February,
«, ,.-„,.
April N«t«ui)iidy collection*, u. 8. cnnreiiav;;;:.'.'.'.'.....
i:::;:'.:::' 'gj?''-'
June, August, October and December, and is furnished with'.44a
:

out extra charge to all regular subscribers of the Oheosiclb.
Extra copies are sold to subscribers of the Chroniclb al BO
cents each, and to others than subscribers at <l per oojty.

ANNUAL REPORTS.

1881.
2,826

1883.
3,131

1983.
3,224

98

98

98

98

2,924

3,229

3.322

522
353

512
856

587
386

Locomotives
Pass.. uiaiU<& ex. care.

Freight oars
All other can

1884.
3,369

16,90.1

18.344
18.860
1,649
3,S30
1,930
OPERATIO.NS AND FISOAI, RESULTS.
" Oprralinns
1»J82.
18S1.
1883.
PussiMig'8 car'd(N'o )
3,202.818
3.852.208
4,123,637
Tons cankcl(No.)..
6,710,750
6,346,239
7,643,701

Earnings—

$

$

3,616.080

S

21,550,806

2li,110,369

25,483,613

3,686,451
2,189,6^5
6,74 1,935
715,848
159,i3J

3,34^,302
2,216,i0>

492,156
144,976

2.800.147
a,089,OS9
5,535,656
615.623
243,149

7,27.5,750

11,066,511
10,109,941
of op. ex. to earn
52-3

11,283,963
10,266.842
52-4

13,496,479
i2,61 3,890
51-7

14,090,745
11,392,868
55-3

&o

Taxes

Miscellaneous
lotal expenses

Keteamlngs
e.

S

5.339,866
18.514,43^
1,629.315

16,.595,819
964,5.50

Total gTO.ss earnings. 21,176,455
Operaling rxf eiUfK—
Maiiit. of way. &c. ..
2,845,703
Maiut. of eiiuipnient
1,841,937
Transportatiou exp.
5,741,740

P.

1884.
4,519,185
7,525,997

4,756,992
5,2S5,839
15,711,510 19,.'il4.l6l
1,082,304
1,310,369

PrelKlit
Mail, e3q)re3a,

1,018,212

232,246

INCOME ACCOUNT.

Int.

10,109,9 11

andcxrU

Net B. & M.

1883.

DisbursemenU—

1.170.437

11,428,076

12,019.036

14,533.858

13,089,228

144,.506

139,604
4.301.281
5,568,580

$

$
310,668
3,430.454
4,349,286

Rate of dlvldeud-i...

8

687,246
1,000,000

f'd.

Trausfdtoreu'alfd.
Total disbursements
BaIauec,8urplU8.

«
11,392.838
566,769
1,129,591

Rentals paid
lutcitst on debt
Dividends
Carried to siulcV

$
12,613,890
324,180
1,595,788

I'dgr't..

Total income

1834.

10,266,812
452,498
1,329,725

147,6i18

148,771
3,883.789
5,023,599
8
631,448
750,000

4,093,003
5,566.484
8

646.430

8
9:58.004

1,500,000

9,777,654
1,650,422
'

:

.

.

..

.

.

—

Liabtltttes

_

Stock, cniumou.,;...
Stock, B.

AM

138,789,034 165.831,380180,214,307 187
-^

$

55,263,790
73,6.-.7

Bonds (see.8iri*r'.M'Tj 51,927.725
Land gninl siuk. f'd.
8,419,811
Otiier sinking; rniids.
Conliu<,'cut lialiilitics
Inc<»inc account

R^-ncwai fund
Miscellaneous t
Prullt

and loss

4,760,i;(;i

7,193.000
1.769,837
.4.2-0,000

....

f5,38l,174
4,691,366

are limited to

(Enclnsivo of subsidy), for six montbs ending Dec.
31, 1884.
Cr.
Dr.

Bi/

tamings—

Operallng exp'ses, *!,1~2.91» jlfex. cur.;
equlv.to U.S. our....9I/>28.624
Extra baggage
Boston office expense* .
29,323
Express
42..365 Taxes. State of Mass. ...
16,500
Telegraph
11,40« Coups, of •• coupon notes
Miscellaneous
8,443
of 1889."
192.018
Int. on loan of Jan.. '84.
50.950
Int. p'd on notes pay 'ble.
42.795
Total Me.x. currency. .$1,751,280 Hal. carried forward.
.
156,250
Equivalent iu U. 8.
Paesenii^r

!ii557,2fl5

Freiiflit

1,117.340
17.429

.

.

$1,525,461
Total
collections for year
currency, |847,446.
summary of assets
it=l'i'"°Tl"„?/^ ^
lood and 1884:

Construction
Materials and supplies
Miscellanoous accounts
Vessel property
Accounts (it .Mexico olHces...
Boston office accounts
State suiisidy accounts
Bond discount & diatrib'g ao.

Montede Pledad
Cash a«8ets

Capital stock

2,470.246

174,273
133.425
722,596
148,175
174,053
10,276,000
969,113
2,806,443
1,144.605

1,060,.541

93,270
162,054
222,825
303,228
251,«51
34,588,800
2,790,562
2,221,262

71.826
120,020
280.449
330,046
55,618
9,R78„'?04

3.6.C2.165

*5,849.2»9

300 000
516,146

300,000

101.842

195,548

$37,536,812
$5,927,500

$24,528,800

16.27i>,000

29 33O.0O'>

1,396,000

5,979,000

7.161, 1'25

5.480.212
5,«42.9:4

bonds

mortgage buudcoupous.
Unpaid drafts
First

Vouchers, accuuats and notes.

Revenue acuouut

*

$77,,?40,682 $101,274,812

........

3,963,329
56 .030
100,901
6:3.033
1,)14,498
18,751
1

$J7,536,dl2
t

m, ,„ ,„

3,504.33-2

.....

...

Coupon notes <t scripof 1889;
Subscription account
Subsidy account

Miscellaneous

AND 1884.
1893.
1884.
^
$26.7.57.972 >
3,l.'8,659i ''83,133,184

'....'...'..'.

—

First miirtsaffo
I' come IioikU

liabiliUea for 1882,

31, 18S2, 1883

$14,126 018
2,2 2,107

727.145
78,523

MbccUaueous
Total aspets

and

S-

3ii0,000

interest

Mexican (iiivernment.
Certlticates of eonstruetion...

Li/tbiliiies

$1,525,461

1^ brought down to U

CONDENSED BALASCB SHEET DEC.
AsKis—
1S82.

Bond

.

eiir-

"noyt"
Net subsidy

.

'..:;...:

5,

I.KCOME ACCOUKT.

500.000

10,437,602 11,930,425 11,448,532
1,611,464
2,583,433
1,640,696
OENER.VL BAr,.lNCE AT CLOSE OF EACH FISCAL VEAR.
1881.
1882.
lS!-3.
1884.
Ataets^
Bailrd.equip't&o.. 117,527,014 183,493a 21 136,729,911 141. 876,8->9
,„.. ---.-- ^ .
_
Stocks owned, cost.. 10,j31,93S 19,318.213 23,58:!,iI69 -2(;,-J^.-.;2:j6
Cui'n'ut accounts...
!,64 1,433
2,988,015
8,;il0 3l3
,o:!;-.,;U9
Matil-iiils, fiKl. &v..
1.293,190
2,373,996
].3'<10I2
l.«07,3iis
Ca.sli im hand
1,781,127
2,846,660
2,221.8 Li
;<.i;7."..4:i2
TiUKt'sB. &Xt.l'd>;r.
2,440,237
3,137,9;i5
3,74 1.3H
i..l-SS.2-2';
Trust's O.B.AQ. 8. fd
-"11
1,631,407
197,',
28."). 6 12
3113,979
•;n(r.Tr.<
840,708
1,25.5; 133.
1,7/32.724
2,4(!;».2«0
Mlscella'ieuus
wella'ie
18.503
..23.22a
32,382
Total...

'^"®'* '"*^®'' Circular No.

"rXn n™."*^"**^'*^'

Equipment

1882.

$

Net earuiug.s

•o

.

1881.

BecetplB—

;

20,200
2,032

—

Passenger

flxed as the date when the main line
1, 1884.
rM*^)* to l^
operated for account of construction, and all
int.,re«t paid, and
net earnings received prior to that dato
have been domS
into the construction account
the general inoome account of
the company dates from July 1, 1884, and the
details will b«
found in the tables below.
" At the present time (April, 1885) coupons
Nos
7 and S
"r'^ortg^KO Uds, Amounting to
i'??ftfl*MoT•'^K2''^°
$3,786,510. have been funded, and coupon notes and
scrip for
that amount issued in accordance with the terms
of th.' circular of June 10, 1881, leavinir the coujKjns on
|.'513,()00 of
bonds, amounting to r>3.7(iO. not yet exchanged.
^'f.'-p'!!"'".'*'"'?*'
"The trust notes given for the loan of Jan. 34, 1884, and all
floating indebtedness has been paid by the procends
of the subscription under Qrcular No. 5. The company
has no floating

3,107

484
297

Total operated..

«I,D»7.«76

waa

all

Chicago BurlinjGrton & ({iiinoy.
(For the year ending December 31, 1884.)
The annual report of this company is mninly statistical, ami
aa to the general remarks of the President, an abstract
waa
given in the Chronicle of March 31, on page 863.
The comparative statistics for four years, compiled for the
Chronicle, are as follows:
l!0.\D AND HtiUIPWirST.
Miles ow'd and Ien«M
Miles oper'd Jointly.

Total.

735.400
206.095

$31,362,900
36.874.000
7.611.000
3.678.'i85
1.II9'>,000

13,727.603
415.34S
44.6.>S

1.379.725

tl.279920

3,9il4,.^47

3,161,163

13,919

»77,540,«S2 •$101,274,913

Of which $'?,133.704 collected la cash to Dec. 31, 1884.
$9!)»,000 of this has since been paid.

Milwankeo Lake Shore & Western.
(For the year ending December 31, 1884.)
Tlie annual report states that now the great and rapid Increase for two years past in the. property, and important prospects and connections, and wider distribution of the seeuritiea^
call for an account of whal-has been done in the past, and t^
full

explanation to the stockholders Of the condition of the

on the eve of the completion of the line to a terminus on Lake Superior. "When the company was reorgan^tal
138,739,0.54 165,831,380 180,214.307 187,769,291
ized in 1375, the line extended from Milwaukee alone the
f^""- ^- «' J"9- & C. It.. IT>inio. & Shcn., St.
shore of Lake Michigan to Two Rivers, and west from ManiT 7';?'"'"^^ Ch. ,* ^'./"'•'
J. .k Dm M.,'JJ!" B. A K. C. St. L. K, A No. W.,
and others.
towoc to Appleton, 126 milea.
The country was thickly
t Includes snlmcrintiou under eireular
of Sept. 15, 1881, $1,973,750;
andlocalaidauil voluntary contributiou8.$1.24I,31l &0
settled, well cultivated, and the towns en the line were grow! Includes unclalmc<l divlaouds, unpaid accomits. pay -roils,
Ac Ad' ing in population and manufactures, but the com|ietition from
the lake and shorter linesofrailwaj* to .Appleton, the t rminua,
Mcxicau Central Raihray«
reduced the trallio and rates to very low Hgures. Toe groas
(For tin year ending Dec. 31, 1884.)
e.arnings for 1875 were $183,137.
An extension into the unThe main line, City of Mexico to El Paso, Texas, was com- occupied territory north of Appleton was the only means of
pleted and put into operation in April last
increasing the business satisfactorily. The country north of
(1831), and has been
recently inspected by the President and two of the directors. Appleton was
sparsely settled for thirty miles, but beyond
It 18 m good condition, and above the average
of roads in the that line to Lake Superior, for 180 mile<, was an unbroken
United btates. The present mileage is 1,3541.
forest, and in that part of the region lying s 'Uth of th<> lake
" Subsidy certificates were received during'
the year to the for fifty miles were valu ible iron mmes hitherto inacceiwible.
^""^ **'® amountof cash subsidy collected .. was decided to penetrate this country, as yet uninhabited
It ......
,,...
^""'iol?^!?'''™'''^^'
was f»74.564, Mexican currency. The entire expense of collec- and full of promise of business." • • • "It will, however,
non, mcludmg local exchange, was 117,313. The company is i bo some year* before any farm produota are wised beyond Um
enterprise,

.

.

:

THE CHRONICLE.

452

[Vou XL.

FISCAL BBST7LTS.
needs of the local population; the most profitable employmsnt
1881.
.1882.
1883.
18S4.
for labor being in the cutting of timber.
Miles of road oper'd.
223
225
i:60
261
"The road is to be completed by July, 1885, to Ashland.
Earning9—
"The docks, yards, repair shops and station buUdinga at Paseenger
$370,475
$410,712
$1.52,778
$180,338
Afihland will cost about $400,000, and this property -with a I>eight.
93<t,814
1,1S6.«68
1.090,015
893,444
47,409
49,562
53,651
54,810
large amount of I'eal estate acquired by the company in the Mall, express, &c
neighborhood of the docks will be placed under the mortgage
Total gross earn'gs. $1,377,698 $1,597,142 $1,596,414 $1,328,592
known as the Ashland Division mortgage, wliich also covers Expenses & taxes...
934.429
1,136,060
1.055i,570
865,270
the line of railway from the Montreal River to Ashland, 40
Net earnings
$443,269
$161,052
$537,874
$163,322
operation
miles in length. In July the company will have in
66-31
66 35
7113
6512
527 miles, of which 150 miles have been built mainly with P.c. otexp. to eam'gs.
INCOME ACCOUNT.
reference to the development of the iron mines." * *
Jteeeiptf—
1881.
1882.
1883.
1884.
"The operating expenses, as shown in the report for 1884,
$443,269
^61,082
$537,874
$163,322
were 66 75-100 per cent of earnings, against 63 34-100 per cent Net earnings
Interest
3,643
10,423
4,965
for 1883, the increase being due to the operating of many
Total income
$471,507
$542,839
$463,322
$446,912
miles of new line, upon which no business was yet developed
THafntrsemenfg—
and also to the cost of hauling construction material, for
Interest on debt
$233,975
$248,335
$365,894
$235,527
•which no charge was made during the year."
1882.
242.159
passengers carried
No. piiBsengei-s carrieil one mile.. 8,5.50,872
322, joc.
Average rate rer pass, per mile..
358,.'i40
No. tons frelsbt carried
|
27,543,115
No. tons oan-ipd one mile
Average rate per ton per mile
216, noo..

1883.

1884.

2.i9,694

27.9,440

9,552,770

10,084,097

No

The earnings, expenses and income
and 1884 have been as follows

384.730
34,747,993

3190.
432,320
38,593,270

22,oooO.

1-8750.

324]nnc.

1832
326'

18"?

1883.

I.

389

491

$593,364

$896,618

275,«'24

309,!t75

?723,R65
321.822

Earnings from—
Freight
PassenKers

'.

Mall, express,

Tot

37,330

52 070

6B,82(»

$l,05a,663
670,523

$1,114,316
743.823

$328,274

earnings
Operiitlng expense* end taxes
1

$906,318
578,044

$388,138
63 31

S370493

&c

1

.

Net earnings
Per cent, of oper. exp.

63'78

to earn'gs.

INCOME ACCOUNT.
1882

1883
$388 138

$323,274
3,539

Net earnings

63-75
1PS4.

$370,493
2,062

$3S3,C80
$282,849

$372,555
$283,444

$229.0711
$102,792

Total net receipts
Interest paid (incl, incomes)
UiscellaneouB

4,942

$131,863
$229,071

Otherrecelpts

$282,819
$110,231

$"286,642

1,198

Total

Surplus

$8r,913

Chicago & West Michigan.
(For the year ending Dec. 31, 1884.)
The directors' report says " The road-bed and track are
being steadily improved 3,000 tons of steel rails and 183,000
ties having been put in during the year 1884, the coi^t of which

—

175,230

Total dlsbursem'ts..
Balanfe, snrjilus
*

175,230

281,995

230,465

$410,757
$36,155

$409,205
$62,S02

$533,330
$9,509

$496,359
dof. $33,037

In 1881 and 18S2 7 p. ct. on common; In 1883, 6 on com. and 7 on
1884, 3 on com. and 7 on pref.

pref.; in

West Jersey.

for the years 1882, 1883

:

Mllcsof road

Dividends*

:

has been charged to operating expenses,

less credit for old iron.

(For the year ending Dec. 31, 1834.)
The report says that the stock has been increased f 43, 050
during the. past year by scrip converted into stock. " In
March last the Stockton Hotel and Improvement Company,
controlled by your company, sold that portion of its property
bounded by Gurney Street, Columbia Avenue, Howard Street
and the Beach drive, on which was located the large hotel and
attached buildings, for the sum of |91,000. This property was
represented on your books at |150,000. Tlie difference has
been charged off in the profit and loss account, and the amount
shown on your balance sheet is the nominal value of the property belonging to the Hotel Company. Tlie mortgage of $60,000
shown in the assets is the security held by your company for
* » *
the balance due on account of sale of this property."
"The sinking fund now amounts to $431,000, at par, invested
in the bonds of this company, the bonds of companies of which
» -»
is the guarantor, and others."
" The parties controlling the property adjacent to Ocean
City, which has heretofore been reached by ferry from Somers'
Point, having taken out a charter for the Ocean City Railroad
Company, extending from Sea Isle City to Ocean City, a distance of 11*1 miles, constructed the road-bed and bridges ready
for track, and have transferred to the West Jersey Railroad
Company §11 of the stock owned by it, in consideration of the
West Jersey Railroad Company laying the track thereon."
* * * " The West Jersey Railroad Company o-wn the entire
issue of the stock of the Ocean City Railroad Company,
amounting to 4,000 shares, and it is represented on your books
at the sum of $50,000."
Comparative statistics for four years. compiled for the
Chronicle, are as follows
this

The bonded debt was increased during the year by the sale of
f 35,000 of the 5 per cent mortgage bonds of the company, the
proceeds of which were used for terminal facilities at Muskegon and other charges for construction and equipment. All of
the outstanding stock of the White River Railroad Company
having been exchanged in 1882 for bonds of the Chicago & MUcs of rood owned
West Michigan Railway Company, the former company has Miles leased ond controlled
•been dissolved, and the accounts representing its cost to this
Total operated.
company have been closed by transfer to construction account."
Earnings and income for four years were as follows
FISCAL HKSUI.TS.
1881.
1882.

367
$

Total miles operated

Earnings —
Passenger

Freight
Hall, express,

401,428
877,936
45,688

&0

Total gross earnings
Operating expen$et—

1,325,052

Maintenance

Movement
Station expenses

General expenses and taxes

9
454,525
399,978
81 ,936

118,541

413
$

413

1,550,098

336,727
470,434
105,133
133,495

407,428

$
5-24.116

134,847
118,(>33

451,927
9.50,S01

Beceipu—
Het eaminss...
Other receipts
\

;0UNT.
1882.

1883.

$
270,072

455,645
7,068

364,874
7,559

272,397
$
117,756

462,713
$
191,423
153,580

372,433

117,756
154,641

345,003
117,710

2,325

Total Income
JHgbursemeHts

—

ilntereston debt

Dividends
Total disbursements
Balance, surplus

$

«

66,939

$
294,240
465,579
131,371
109,500

1884.

$
468,977
2,217

471,194

$

217,024
184,500

222,085
215,257

401,530
29,097

437,342
33,852

def.

1883.
108

Detroit Lansing & Northern.
(For the year ending December 31, 1884.)
The annual report is mainly statistical, the directors merely
stating that "the earnings of the first six months of the year
warranted the dividend of 3 per cent upon the common stock
of this company, whicli was declared by the board in August,
in the full expectation that the last six months would show
a similar result; but the sudden prostration of the lumber
business tributary to this road made this an impossibility. A
revival of the busintsa should again place this stock upon a
dividend-paying basis."
Barniogs and income for four years were as follows:

1882.

1884.

120

80

80

188

200

1883.

1884.

$

9

77,535

709.017
306,788
93,605

770,632
357,632
99,370

825,590
390,196
103,862

427,572

454,667

441,806

503,305

$
621,51.5
2>'9,475

Frelffht
Mail, express, etc

Total gross earnings.
Op. expenses and taxes.

Neteamings

INCOME ACCOUKT.

1,469,667

Total
1,054,980 1,047,788 1,185,224 1,000,690
270,072
453,645
"Het earnings
364,874
468,977
76-46
79'61
6966
P. c. of oper. exp. to earn'gs
6809
1881.

106
69

163

Earnings—
Passenger

1,503,433

1882.

101
62

1881.
:

1884.

4.58,949
458,949
466.053
995,674 1,026,9:18
99.5,674 1,026,938
48,810
57,107

1881.

173
BARNIMOS A:(D SXPENSES.

1883.

410
$

:

—

1881

Otherrecelpts

Totallncome
Disbicrtements—
Rentals paid
Intereston debt

Netearii.ofW.J.AA.RB.,*c
Dividends
Bate of dividend
Total disbursements....
Balance, surplus

1882.

$

RereipU

Hetoarnlnirs

1883.

$

441396

1884.

9

6n3,30S

427,572
3,074

454,667

430,646
$
33,034
175.726
53,034
54,390

454.667

441,896

515,271

36,571
178,888
73,075
85,232

p. o.

33,034
177.118
57,775
82,807
6 p. o.

41,370
175,174
90,6<M
87,788
6 p.c.

316,184
114,462

350,734
103.933

373,766
68,130

4

11,9M
$

6

p. 0.

394,900
120,371

Biclimond & AlleglMny.
(For the year ending September 30, 1881.)
Tlie receivers of this company have issued a full report for
the year ending September 30, 1884. Their report says
"The close of the year finds the property in an improved
condition. Bridges, trestles and buildings have been maintained and added to, the rolling stock put in repair, and the
road-bed and the •alignment and surface of the track materially
bettered. The operations have been free from serious accidents. In March, 1884, there was a freshet in James River,
greater in volume than any which has occurred since the construction of the road was begun." * * » "The Lynchburg
dam was brought to completion this year. Its construction
was a necessity imposed by various contracts of the old Jamea
It is a most substantial structRiver & Kanawha Company.
ure, costing about $120,000. Toward this cost, howe-ver, the
city of Lynchburg made liberal contribution by giving the
company the rights of way through any of the streets in the

.

April

THB

11, 1885.]

CHSONJjCliF.

Uiwcr imrt of the city and reU'n«in(? a claim of $35,000, for tho
paj iiu'nt of wliich all the revenues of the Lynchburg water
» »
jjowcr had bt-en pledged.''
AlleRhany has, in common with moit
"The Richmond
other roadH, failed to realize expected earnings durinj? the
year.
All the sonrf-es from whicli revnntiri is derived have

«

-

Ihs

r

I

,n.

i

cji

br.iu.

11.

,.

Aw.....

.I-

i

dockage and rents.
age were maintained; the .1
traffic,

'

Tho

prin-

>pment in mwt
only in lo^al
itlio
and docki«e.

Themovo-

llmt of the year liefore.
Lees wheat ha.s been oarrieil, nlthongh the yield of the James
ilianthitof tho pre
River Valley wa-;
liavesufrered Rreutly
vioua year. " Lun
and local return inii;ni>. i-i.ii^-i-iin^ i.»ixely of supplier an.l
mercliandise, have kept pace in the decline. ThrouRh tonnage
has largely incrtM-siHl; a.s a result of improved relations with
connectmK lines no restrictions are now imposed upon the interchange of through bu«ine<js at Clifton Forge, Lexington or
Lynchburg. The result of this favorable change, eiTecte<) duriiig: the year, would have been most satisfactory but f. >t the
unprecedentedly low rates that prevailed, the evil ell .c:t of
which has been aggravated by their fluctuations and vmcertainty. Passenger earnings show a steady increase through
the year, with good proeiiects of continuance, the results of
improved relations with connecting lines being manifest in
this branch of service also."
EAK.MXOS AMD EXl-ENSBS FOR THE TEARS I832,.l883 XXD 18S1.
1833.
1884.
18S2.
S€tmingt—
?i371.782
$30'). 130
51331, 8'>0
Frelglit
lOO.l.'iO
l'>3.7()2
131,377
Pas eneer.
14.198
IH-H.-S
14..142
MaU
17,089
12,1()0
Express
21.e41
891)
2,377
TelcKniph
8.316
4.740
10.391
337
Miscdlaucoag
6.303
5.091
4.586
Bents
20.949
2 1, 7.14
2O.J02
Water rents..
83.130
33,966
Rlchninnd docks
30,202
10,967
10.772
11.807
Mancbeater wuter pover

ment

of iron ore

was but onu-tbird

oC

A

of the Boston
Ix>w«ll Oompkar. Th^ i
effect April 1, and in nn<ither step In • <-oin^.-liim.l»^
I^well rond to make itm-lf inde(wiMj«)t of tit*
the Boston
Central Vermont for ila through connuolioni.
"i

&

Chesnpenkp
tlon in

Ohio.—The following sm.

St

to tlie^cvcrnl

ri'!,'anl

mortimprB

OhloR.ii

inform*,

ni
'

'

iptakt; ft

rpreim:

hM draw* arnntltn

••Tliflil

to

"

111

.'-l-.ll

IL t'B

"injr, k'ld

I

.Iholder* «'

111.

iwnM<t

iiaTdlirfiD tniir*'
,t f Hiio »..rlMi

wf-

A

aiiil

mtar

til.

;too

an

!

rlty
...I

|...i (I

,t

Klvor

III

..

I

.1

W.'Ht

1

.ir

!•«•,

A

alMi Heci.rcd .in 1.
.. .ii.m
the uiurtKa|{« $2."Oii..i<i ^^
Willi Intentit payable Ortuher and April In
$1S.OOO,<K)0. Were dnlKDatml nxrlm B. and Witi
couponA for the llri<t tliri
'.'ivable May
preferred stock, or in Hcrli
tatOBUih (.:
*' PmvlHlon WMH made
In
i-'rt that the
•

!,«,...-.,

-H

.......1

- A,
ler,

.

:re«t

link
"»ia

•

'

'

•

••

•

'

-

-,
t,

llll.^

-I'

j"0 (now k-KiwTi n« wie
payulilu

tha

'

'

othc-

io»

'

Vll-K'llll...

m
January and Juh
wan piyn'

addlll.inal hnndii

)>[<-.,. I led Htork; in the .seventh year
..I ^ ... r.,- .Mi.i
Hrni
In ourntncy and 4 per cunt In seeoud pref. sto<'k: In theelKtiib
eenlln ouri-ency and 2 percent In »ei-,iiiid prefuri ed stu<>k ; I..
year and thereafter. In full in currency, or as nearly In eiiiinuiiiuy
therewlih as the net revennea of tho eoinpanr would iiermit, any
dettdenoios In cash payment of interett on tike Mid bou<U to be mada op
.

.

'>

In aeoond preferred Btuck.
" Becides the liouda de»cribed,

Chonapeake

A Ohio hw tMned

'

92.330,goid Peninsular Exto»sioni; $42,000 of $3,000,000 authorized of tlr^it uiortKagn sold exlca-'
Nloiisand ii900,0u0r(|iilpmc.nt liouils. It shiiujd be staled, also. tAoY seriea
A bonds tlifffr from serict B in that.hrti'lex the areurllu atfoi Jed Ay (A« ,
mortgage of the main lint, htj a tubse/fiieni mortgai/elhe lien wnt extendiover the FenittsHla IHgision, u line ^eccntv/lce
tra Ittnj, riinnlD,( fmnft
Klchniond lo Newport News, and the teriuiuus at NewjKirt Newn. Willi
one exception, all the Chenaiienkc & Ohio iu<irt)ita>{«M> contain a provUioa
that, in case of lUifault on prin. ipal at inatnrljy or default of iatereat
when duo, the teinisof the uiorti^Hee shall conilniie 'unill on each of
six snccexHlve due dates or coupouH some iriterc«t Hhitll »e In defauib'
Then only the holders of lioud^ represeiitlnif In the axffrcKate at leaat
a BuO rlty In aino.mt make demand In writing for s.irrenderof |]u>
security of the iuoni;a;^e. Art«r default and deinand, the tru»t«e« faav*
power to sell the security. The only niortKaceof the company drawn la
tno ordinary w,iy is the Hurcha.se 3!ouey Siuklni; Fund .Miiricage. which
wa« made u der an order of court to secure prior liens when the road
wa« reorganized. But tlieamo int of that mortgage la so small that IC
should nut luixieril the interests of bondholders under the other luortgages.
••
The Intereit payable In cash in 1885 is that on the flrst mortgage,,
embracing the A and B bonds and smaller mortgages. Interest on taa
seconds, as ni.iy be ifen, may be paid in second preferred stuck so loos
as net earnlnu's are not equal to paying them in cash. Fi lends of Cli«e«p>-akc >& Ohio ray Ihe road is In ex<'i-llent condition, and is capable of
eaniiug more than Its interest In times o( merely ordluar}- procpertty
along the line. The interest payable in money hist year was at>out
*1.34l,300 and this year fihoiilil be $1,544.0110 To pay tu'l interest la
cash the company wnuld need $1,!444.3jo. The fniluwing statement la
taken from the annual report: taxeiaru lacludrd in oparaunx OApen
Oroge
Operating
Earniitga.
iixatnae*,
Eaminar,

000 parofaase money

riindinit li.inds; *'2.000,0o0

m

*

'

$^01,083

TntA\ oarning*
Operating expehsfs —
Coii.liiitiiH- ira:i8iiortatlon

Cm:

$633,327

$548,038

^171.165
12,084

!fl.'-.4.'?30

$151. 412
8.20i

10i,129
27,323
67,414

9,325
42,092
8i,610
42.026
73.617

Total operating expenses... $120,104

$406,9. .0

insport'u express
power and cars.

M.t

.lul biiildiu>;9

M.i:;.

OyeratiUK unilateral properties
Ocueral expenses

4^,fi89

43.S,S0

78,3*1
47.261
66,-'9»

$395,495

The general balance sheet gives total assets of |15,676,548,
and liabilities the same amount, including under the latter
head $7,994,000 bonded debt, f 755,9.)9 bills payable and |959,595 ''interest on bonds."

GENERAL INVESTMENT NEWS.
Baltimore & Ohio.—The Philadelphia Press reports " The
Baltimore & Ohio have at last practically succeeded in obtaining their right of way into Philadelphia. The original platt is
to be adhered to, and the road will cross the Schuylkill bcdow
the Gray's Frrry Bridge, follow the wharves on the East side
to about Arch Street, where the river takes a bend to the West,
and thence in a direct line to Twenty-third Street and Pennsylvania Avenue, where connection is made with the tracks of the
Philadelphia & Reading. Nothing but the adverse action of
Councils or two or three property owners can prevent the sucIt must be understood that
cessful completion of this route.
the Baltimore & Ohio, as a corporation, does not enter over
this line. The route in question is to be owned and operated
by the Schuylkill River East Side Railway, a company incorporated under the laws of Pennsylvania, and doing business
simply in the county of Philadelphia. This line is the connecting link between the Baltimore & Ohio and the Philadelphia & Reading, and it is over its tracks that the two comAlthough not a foot of
panies propose to exchange business
track has been laid, the right of way has been almost completely secured, and actual construction may begin at any
:

time."

—

Boston & Lowell. Notice is given that, in accordance with
a vote of the board of directors pa.ssed April 1, the capital
stock of this corporation will be increased by the issue of 7,660
new shares. Stockholders of record at the close of business
that day will be entitled to subscribe for one new share for
every five shares of 100 dollars par value held by them respecOne old share of
tively, on the payment of f 100 per share.
$500 will be entitled to the same rights as five shares of $100
each.

—

A correspondent of a Boston paper states that "the Ma«sachusetts Railroad Commissioners recently notified the Boston
Lowell corfx>ration that the legal limit of its right of borrowing money on bonds was already reached, and it was obliged
to forego the issue of $500,000 of new bonds, as voted at the
annual meeting, until an enlargement of the paid up capital is
had. Being unable to raise money by borrowmg on the bonds,
the directors, at the time of accpiiring this Vermont railroad
(April 1), voted to issue 7.660 shares of new stock. This stock,
if taken, will yield $766,000 of money to the company, with
which they can begin the extension of their truck from Swanton or Sheldon toward Montreal." The Vermont road referred
to is the St. Johusbury & Lake Champlain.
trafKc contract was consummated between the Boston
Ckmcord
Montreal and the St. Johnsbury Sc Lake Champlain
railroad companies, whereby the latter line passes under the
control of the former, which in turn is under the management

&

—A

&

'

KU

1881
\^A2
1883
18S4

$2,^47.403
2,302,418
2,f0<.P3t

$-.'.70.i,3t3

3.331,970
3,906,792
3,538,605

2.462,7iiO

*137,940
1, '132,528
1

.306.858

l,075,bfc5

Cincinnati Washington & Ilaltliuore.— At Cincinnati,
April 8, the annual meeting of the stockholders of the Cincinnati Wa,<>hington
Baltimore Railroad was held, A report ot
the president shows for 1884 gross earnings, $l,8.>i,307;
expenses, $1,408,371; net earnings, $445,936. The fixed charges
amounted to $693,073, making a deficit of $346,136.

&

—

—

A committee selected after the
winter of the representatives of the foreign bondholders in London, Edinburgh and Amsterdam, is preparing a plan
of reorganization of this company. Those gentlemen representing the foreign bondholdei^ went over the road, and made an
intelligent report on the status of the company and its futuret
requirements their plan of reorganization, as foreshadowed
by their report, seemed to be excellent in its main features,
and unless the plan when issued should suggest the unsettling
or scaling of the first mortgage bonds in any way, it would
appear to be sustantially as good a one as could be proposed.
But in the meantime comes a report from Pnila-lelpliia of a
plan proposed by a committee there, formed in October,
1881, which seems to be male in the interest of the car
trusts and to please the consolidated mortgage bondholders and
the stockholders. This plan seems to be open to most decided
objections from first mortgage bondholJers, whose prior
rights are not fully acknowledged. It is proposed to scaledown their interest, and also to ask them to give up their
present lien on the best part of the property and take a new
bond secured by a mortgage of much larger amount The
first mortgage bondholders should not entertain such a proposition for a moment, as they have a strong first lien, which
there is no doubt the courts will protect. A brief outli ne of
tho Philadelphia plan is given as follows : " The fixed chargea
wiU not, It is claimed, exce-d $1,500,000 for the years 188« t»
Holders of the present first mortgage Mod*
1889, inclusive.
and car trust certificates are to be given a bond ("A) bear^
ing 6 per cent at a rate of $7,600 per mile on the whole road
andtheeimipraent. Holders of the consoIi.Htpd bonds will get
M>ntenri41.^ per cent till 1890 and .5 afterward (" B.") The plan
plates the issuance of a new first mortgage for $30,000, 0O.> gold
Denver & Rio Grande.

visit last

;

Series "A'" will nra nint to $10,on all the existing property.
000,000 and mature Jan. 1, 1906, at 6 per cent interest, payable
quarterly. Series "B" incJudos $-20,000,000, ma'urinKJanFor the year* 1886 to 18(^9 intereat will bo4^< p«--:
1, 1916.
per cent. A new seflond mortgage,cent, and after that
amounting to $30,000,000, of non-cumiUative gold agf3*m»Mtm
•wcute «*•]
is also to be created, $11,000,000 being taMiad to
.'>

,

THE CHRONICLE

464

plan, and the balance to be held in reserve for the acquisition
of new property when needed.
At Denver, Col., April 6, a meeting of the stockholders of

—

000,000

& Rio Grande Railway was held. About $30,was represented. W. S. Jackson, C. F. Woerishoffer,

and

H. A. Tronip were elected directors.

the Denver
T.

A meeting of the

New York on April

directors to elect officers will be held in

13.

De8 Moines Osceola & Southern.— On application of sevcreditors of this company, the Iowa Circuit Court
appointed a receiver for the road on April 3. The road is a
narrow-gauge line extending from Des Moines, la., southwest
to Cainsville, Mo., 113 miles. It was intended to run to
Kansas City. By the latest report issued the company had
$879,000 first mortgage bonds outstanding. The net earnings
for 1883— the latest year reported— were $47,520, or about
$15,000 less than the interest on the bonds.— 22. R. Gazette.
Houston & Texas Central. A press dispatch from Waco,

eral

—

[Vol. XL.

land Car Trust, and for an order to close the trust. The
petition represents that Receiver Clark, alleging that the continued custody of the whole of their rolling stock is a burden
to the estate in his hands, threatens to deliver it to the owner
Trust Company, trustee and in this
the American Loan
case it would be withdrawn from the railroad but in the
opinion of the petitioners the use of a portion of it has added
and will continue to add to the earning power of the railroad,
and if all of it is withdrawn, the earnings of the road will be
materially diminished they therefore pray for a division of
it.
The time for hearing this petition has not yet been fixed
by the Court.
—On April 6, the last day, there had been $600,000 of the
New England Car Trust bonds deposited with the American
Loan & Trust Company, to be exchanged for second mortgage
bonds of the New York & New England. There were $200,000
more ready for exchange, and said to be nearly $300,000 more

—

—

&

;

;

likely to

—

come

in.

"In the United States circuit court toAt Hartford, Conn., April 8, the Senate passed the bill for
day Morgans' Louisiana & Texas Railway & Steamship Com- settling the overdue taxes of the New York & New England
Texas road, hy accepting
pany filed a biU of complaint against the Houston &
$150,000. It had already passed the House.
Central Railway for the recovery of $763,000. This suit
New York West Sliore & Buffalo.— Kiernan's report says
station ten
embraces the line of the Central railroad from Ross
"Messrs. Russell Sage, H, L. Horton & Co., Henry Clews &
miles north of Waco to Albany, Texas, a distance of 228 miles.
Co., SchaferBros., Musgrave& Co., and others interested in the
Benj. G. Clark of New York, and Charles Dillingham of New
West Shore Railway Co., who are dissatisfied with proposed
Orleans, were appointed joint receivers in this suit."
plan of reorganization, have called a meeting of the holders of
Iron Kailroad (Toledo Cincinnati & St. Louis.)—At Cin- bonds at Windsor Hotel, 13th inst., for the purpose of taking
cinnati, April 6, William Robinson, of Boston, filed a bill in measures to protect their interests."
the United States Conrt agamst the Toledo Cincinnati & St.
North Carolina State Bonds. The State Treasurer gives
Louis Railroad, the Iron Railroad, the Iron Railway Company,
notice that the time for exchanging certain old bonds of the
the Central Trust Company of New York and John C. Coombs.
The plaintiff recites that the suit is brought on behalf of the State into new 4 per cents, under the act of 1879, has been
second mortgage bondholders of the Iron Railroad Company. extended to Jan. 1, 1887. The exchange is made at Raleigh,
The bill states that the consolidation of the three first-named and bonds presented must be accompanied by all coupons in
companies was illegal, and asks that the sale of the Iron Rail- the holders' possession.
Oregon & California. About a month ago this company
road be set aside, and such other relief be granted as is deemed
procured a preliminary injunction restraining the Oregon &
necessary.
California Company and the Farmers' Loan & Trust from
Mexican CentraL At the annual meeting of the Mexican
Central Railroad in Boston, the following directors were unan- issuing additional bonds. The ground of the injunction was
imously elected Oliver Ames, Isaac T. Burr and Benjamin an allegation that the Oregon and California Company had
Sebastian Camacho and Cliarles C. agreed to limit to $2,610,000 the issue of bonds on its road as
P. Cheney of Boston
Blodgett of Mexico Jacob Edwards and Ambrose B. Lawrie it stood on July 1, 1884. Judge Andrews, holding Supreme
of Boston Levi Z. Leiter of Chicago Albert W. Nickerson, Court, Chambers, has vacated the injunction, holding that as
Charles J. Paine and WiLi.am Roth of Boston David B. Rob- the alleged agreement had not been proved the defendant
inson of Mexico; Warren Sawyer of Boston; Robert R. Symon companies had the right to issue and certify additional bonds.
Oregon Improvement Company. This company's statement
-of London, England Arthur Sewall of Bath, Me., and George
for February and for the three months of the fiscal year from
B. Wilbur and Levi C. Wade of Boston.
Mexican Subsidy. The Boston Transcript says: "A cor- Dec. 1 to Feb. 28 is:
-FtbruaryThree Months.
respondent asks why the Mexican Government continues to
1885.
1884-5.
1884.
1883-84
pay the Mexican Central subsidy, while it has suspended pay- Earnings
$212,050
$225,] 33
$673,366
$759,788
171,u98
.203,851
545,765
634,576
ment upon the Sonora subsidy. It may be some reason to Expenses
state that the Sonora subsidy is a direct cash obligation of the
Net earnings
$127,601
$40,952
$21,282
$124,212
Mexican Government, which the Government declares itself
Philadelphia & Reading.— At Philadelphia, April 9, a long
at present unable to fulfil. The Mexican Central subsidy is
conference of the Bartol and the Whelen Reading Railroad
paid directly from the customs revenues, eight per cent of all
committees was held. Upon the adjournment the members
these revenues belonging by law to the Mexican Central subdecided to give no publicity to their deliberations. No proposidy account."
sition, they said, had been made by either party.
New York Chicago & St. Louis.— A meeting of first mortPittsburg & Western.— On the petition of the receivers of
gage bondholders of the Nickel-Plate Railroad was held at the this company for leave to borrow money for wages, &c., the
office of William Heath & Co., bankers and brokers, who Court made a decree that the receivers be permitted
to borrow
issued the call for the meeting.
It was said that about any amount not exceeding
$310,000 for the purpose of making
$10,000,000 of the first mortgage bonds were represented. The payment of wages of employes also, accommodation paper
nature of the grievances and the remedies proposed are fully outstanding, judgments obtained for land damages and
set forth in the following preamble and resolution offered by counsel fees.
Mr. E. B. Underbill, and unanimously adopted
Texas & St. Louis. It is understood that a plan of reorWliereas, The Lake Shore & Michigan Southern Railroad Company ganization is to be submitted shortly to the bondholders, which
bolds the controliing lntere.st in the capital stock of the New York
will provide for the extension of the road from Bird's Point,
CblcaRO & 8t Louis Raiiroad, and
Texas, April

5,

said

:

:

—

—

—

:

;

;

;

;

;

—

;

—

.

.

;

—

:

Whereas. The raan,agement ol the latter has been under the practical
direction of the same parties, as shown liy the fact that the leading
directors have been the same In both corapauies, and
Whereas, The New York Chicago & St. Loui« Railroad Company U
reported to have a large floating debt, and has been placed in the
bands of a receiver at the instance of the junior creditors, which is
believed to have been done with the consent of the management of the

company for the purpose of retaining control of the property in the
Interests of the Lake Shore Company, with Intent of defaulting
In the interest upon the $15,000,OiiC flrbt raongage bonds maturing
June 1, 15-85, lor the purpose of forcing the first mortgage bondholders
to take a less riite of interest and,
;

Whereas, It is believed that the property, under an independent management, can demonstrate its ability to secure such business relations
as will amply provide for the full interest charges under the first mortgage: therefore,
Hesolved, That a committee of seven bo appointed, consisting of F. H.
Oossett, of the Mutual Life Insurance Company; Adrian Iselin, Jr.;
Stephen Crowell of the Phenix Insurance Company I. B. Newcombe;
Thomas Denny; Charles E. Quincey, and W. R Travers, for the purpose
of determining wh:it steps are necessary to fully protect the Interests of
the first mortgage bondholders, and of employing the necessary counsel
to the end that the rights of the first morigage bondholders be promptly
enforced and further, to take such steps as they may be advised shall
prevent the payment of any debt In abrogation of the rights of the first
mortgage, and to prevent the creation of any debt or obligation by
receiver's certificates or otherwise, as shall be a prior lien to the first
mortgage.
;

V

;

On motion

of Mr. Hugh L. Cole, it was also resolved that the
committee be instructed to take into consideration the advisability of obtaining proxies from bondholders and minority
stockholders, so as, if possible, to control a majority of the votes
and put their own board of directors in charge of the property.

New York & New England.- In
which

—

.

March, 1888.

,

Acres.

Union Division
Kansas Division
Total

Decrease, 1885

Amount.

100,990
64,208

$181,289
258,951

165,193

$440,241

March, 1884.
Acres.
332,9'24

—

Amount.

48,148

$-98,187
2C9,792

331,073

$1,007,979

215,874
.—Jan. 1

the receivership cause,

pending in the United States Circuit Court at Hartford, Conn., Messrs. William T. Hart, Frederick J. Kingsbury
and Eustace C. Fiiz, trustees under the second mortgage of
the New York & New England road, have filed a cross petition,
praying for the partition of the rolling stock of the New Engis

Mo., to St. Louis, 155 miles, making the entire length of the
road 890 miles. It provides also for the change of the road
from 3-ft. to standard gauge. In order to pay for the extension and the change of gauge, new first-mortgage bonds will
be issued on the entire line at the rate of $13,000 per mile; the
present first-mortgage bonds to be exchanged for income bonds
and the income bonds for preferred stock. The details of the
plan are not yet made public. This company has made a traffic
agreement with the St. Louis & Cairo providing for the
exchange of business to and from St. Louis and points in Texas.
Some three years ago the company made an exclusive contract
with the Illinois Central for St. Louis business, but the receiver
claims that he is not bound by that contract.
Union Canal. The general mortgage bondholders of the
Union Canal Company have foreclosed. The canal is seventyseven and one-half miles in length, running from Reading on
the Schuylkill to Middletown on the Susquehanna, and the sale
will take place on the 19lh of next month.
Union Paciflc— The following is a report of this company's
land sales effected in March and the first quarter of 1885:

$567,738
to Mar.3l ,'S5.—. -Jan.ltoMar.^\:Si.^

Acres.

UnionDlvlslon

Kansas Division
Total

Decrease, 1885

Ammmt

Acres.

156,819
95,330

$263,940
391,180

580,756
86,125

$1,419,386
391,880

252,149

855.121

667,182

$1,814,267

415.032

$1,159,148

Amount.

—

Apmil n,

.

THE CHRONICLE.

1885.J

She ^ommtvcmX

COTTON.

'gimes.

FRIDAY. P. M., April 10, 1995,
aa indicated by our telesnuM
from the South t<vnight. is given Iwlow. For the week endt
this evening (April 10), the UjtJil recelnui have reached 2I,«
bales, against 28,111 bales hut week, 28,810 balwi the pr«vic
iviotta
weak and 83,886 bales three weeka since; makmg the total
receipts since the Ist of Soptemlwr, 1884, 4,601,093 balea, asafaat

Thk Movrubmt of tuk Chop,

COMMERCIAL EPITOME.
The moat important event
hostilities in

will ensue

marked

Friday Night, April 10, 188.").
week is the occurrencp of

of the

Afghanistan, strengthoning the belief that war

between Groat Britain and Russia, and producing a
BreadstulTs and Pro-

effect in speculatiTe circle?.

4,019,774 bales for the
decrease since BeptemlKsr

BtecipU at—

some other staples declined.
Indianola, Ao.
There has been a return of colder weather, snow having fallen New Orleans...
Mobile
ia Northern latitudes, but progress has been made in the
Florida
resumption of inland navigation. The lOw temperature is Savaanab
BmnsWk, 4o.
spring season for regular trade to pass away with,
visions

advanced

cotton and

;

causing the

out

realizing

satisfactory

There

results.

increasing activity in manufactures.

however, an

is,

Labor shows some

dis-

content and several strikes of minor importance have occurred,
but no serious troubles from this cause are anticipated.
Lard futures were dull until Thursday, when they became
active at buoyant values,' in syrapatliy with the speculative
advance in corn. To-day there was a quieter market, closing

May,

at 7-20c. for April, 7'28c. for

June and

7'33c. for

7-43c.

Spot lard was to-day quite active at 7"15c. for prime

for July.

prime Western and 7'50c. for refined for the
Continent. Pork is dearer and more active at |13 25 for mess,
$13 50 for family, $10 50@$U for extra prime and $14 50@
$15 25 for clear. Cut meats have been dull, but close more
active, with large sales of pickled bellies at 5%@6i^c., with
shoulders quoted at a}^@5}ic., and hams at 9K@9i^c. Smoked
meats quiet. Beef unsettled. Tallow steadier with a fair
city, 7'25c. for

demand

Butter

at 57^0.

is

dull

at

19@27c. for creamery.

Cheese quoted at 6;^@ 12c. for State factory.
The slaughter of swine at the West for " summer packing "
shows a considerable increase as compared with last year
nearly 50 per cent. The following is a comparative summary
of aggregate exports from Oct. 27 to April 4
1883-4
19,348,200

24,20(5.800

PorS. lbs

Bacon, lbs
Lard, lbs

....

217,482,833
131,3«e,213

Inc.
4,853,600
Ino. 3G,766,81>t
Ino. 39,70o,724

180,710,01.5

91,602,489

Coffee on the spot has been fairly astive, with fair cargoes
Rio still quoted at SJic, but the speculation has been dull at
drooping values, closing to-day with sellers at 7*30c. for May,
Raw sugars have
7'45c. for July and t'QOc. for September.

sbowlioc •
-tA
JVt

1888.«4,
1884. of 48.679 bale*.
Tut*.

Wed.

Tkuri.

185

212

497

136

67
9

•878
IS3

2,76t

370

326

1,346

1.139
1,130

1,189
4,9«1

16
140
94

ta
70S
9t

....

824
47

3
1,167

],191

737

26

192

18

143

1«

14

11

475

310

81

189

742
133

164
28

806

SIS
200

>•

175
....

—

S

Wilmington
Mocek'd C.,4o

....

Norfolk

160

WeetPolnt.Ao

>

481

1,«9«

S50

109

70

190

144

I,SU

71
863
103

169

281

4,993 2.829 2,41
Totals this week 1,830 3.UI
* £xoes» iu the e&timate of receipts last Friday over

SM

4U

....

Pbiladelp'a, 4o.

847
860
e«2

.

-1,808

.

:ut«<L

.

we give the following table showi n;^ tiie

For comparison,

M

51
3

....

New York
Boston
Baltimore

«

128

0;

S18

'J20

Charleston
Pt. Roy«l, 40.

week'B

total receipts, the total since Sept. 1 , 188 1, and the stock to-night,
and the same items for the corresponding periods of last year.

1884-83.
JteeeipU to

AprU

10.

1883-84.

Since Sep.
1, 1884.

Thi»
Week.

This
Week.

1,117 451,109
9
10,706
6,514 1,475,384

Galveston
Ind'nola,i&o

New Orleans.
Mobile

396

16
702
91
98

Br'sw'k.&o
Charleston...

Pt.Roy^,4c
Wllmlugton..
M'headC.,4c
Norfolk
W.Polnt,&c.
New York...
Boston
Baltimore ...
PbUadel'a,4c

3
1,696

550
1,833

1885.

582,073

27
9,052
2,502
379

8.397
,480,600

1834.

18,436

18,035

178,772
17,625

186.690
14,308

18,185

7,»7«

8,041

ia,7io

1,432

247,470
42,497
643,761

1,569

4,348

153

7.884

619

418,679
13,248
90,726
12,500
568,841
219,332
99,668
157,891
21.300
31,848

10,6E6

11,294

348.321
6,310
11,397
11,334

347.611
6,720
9,315
12,453

30.113 4,619,774

fi2^,S!J9

"esiTsiL

11

580
65
1,818

867
2,409
5,915

64,'270

847
S69
062

gtoek.

Since Srp.
1, 1883.

1,608

227,030
77,102
705,189
9,734
507,664
8,371
93,227
9,5»3
540,339
273,744

1,139
4,961

Florida

Savannah

:

1884-5

20

•

1.

Hon,

aal.

aalvraton

Mam« period of

78,99S
27,382
43,182

857
1,826

declined, but close steady and more active at i 9-l6(g4 ll-16c.,
with sales of 1,800 hhds. white centrifugal at 5 5- 16c. Refined
sugars unsettled. Molasses has declined and closes at 17J^c.
for new crop Cuba, 50 deg. test. Teas have been dull and

In order that comparison may tie made with other yean,
give below the totals at leading porta for aii seaaona.

drooping.

OalTest'n,<bo.

],I26{

New

6,514

Kentucky tobacco has been quiet and nearly nominal. Seed
leaf has been fairly active, the sales aggregating 720 casei,
including 500 cases 1833 crop, Pennsylvania, 8@14c. 100 cases
1883 crop, New England, 10@15c.; 20 cases 1883 crop, Ohio,

21.808 4.601.095

Total

Receipti

at—

\

1884.

1885.

4,961

Ac

796
101

629
635

Norfolk, &o.
All others....

2,216
5,668

2,633
11,386

Tot. this w'k.

21,808

30,113

;

matra, $1 10@$1 60.
The speculation in crude petroleum certificates has been dull
and prices have further declined, under the increased flow of
wells and the unfavorable foreign advices, checking the export
demand. The close to-day was at 78c. Crude in barrel*
quoted at 7(g7}-ic.; refined in barrels for exporti 7-}^@JJio.,
and in cases, 8,'^@10J^c. naphtha, OJ.^o.
Naval stores have
been depressed 100 bbls. spirits turpentine sold to-day for
April delivery at 30e,, and strained rosin is quoted at $1 15@
$1 171^. Hops are steadier, with some speculative feeling.
Metals have continued to show very little speculative inAt to-day "s exchange pig iron certificates were quiet
terest.
and steady at $1573® $16?^ bid $16,'^@$16Jg asked. Tin
;

;

;

steady at five points decline, closing firmer at 17'45c.@17"70o.
spot; 1 7 '^c.(g 17 '400. futures; 16 tons Aust., April, sold at 17'30o.
Tin plate neglected. Copper stronger at 10-60@10-30c. liead
steady at S'SS^SfgC. domestic. Spelter steady at 4^@4-3Iii^c-

domestic.

Ocean freights

'

^.

,

',.-,

,'

been (}oing bettie^, an impulse to grain
shipments arising from the war news, and 4i-^tl. was paid to
Ijiiverpool to-day, and recent charters are from Baltimore to
Cork for orders at 4s. Petpoleum charters are djjll, with room
^fenty ;ti<;etif I!al^!ii'c-<~' ^rtcljd^/; jy,r{e hwioe-'tg^JareeiUfis,
haive

396J

Ubarl'at'n, &.a
Wilm'itt'n,

Blnoe Sept.

33,229

66.579

38,910

1.

1,121

2,662
2,493

626

487

5.0M
5,407

4601 .095 4i;i9.774!5486.138l4369.336i554 2.901 4.371.296
'

IncUTli^s Iniliaimla : Clu»rle»t<m InoludM Port Royal. *«..
WUmlnKtou lucluilea MoreUead City, &P.; Norfolk includes West Poiut.*0;

"GaTvmtiin

The exports for the week endmg this evening reach a total
of 58,178 bales, of which 82,315 were to Great Britain. 8,088
to France and 16,865 to the "rest of the Continent, while the
stocks as made up this evening are now 025,5;!9 Ijalea. Below
are the exports for the week and since September 1, 1384.
Wuk

Endint AprU
Bxvorted to—

fxportj
from-'

Great
Srifn.

GftlTeston
New Orleans..

I

^O""

10.

From

Sv-pt. 1.

Ibtal
nent.

Oreat

Week.

Brttaiit.
14tl,l)3»

14.2-.i4'

7,803

10,8

S8,00B

«S,1»9

7,470

nUL
310.307

30IJM i,aMjio

tauam sn,i4t

3,^83
asaiiia

8,0M

Florida.

Wllmlneton...

118.373
103,067
91.1W?

Norfolkt.......

s«6.aw

Sarannab
Charleston*...

Sew York
Boston
Baltimore:.. .
Phlladelp°d,*o

S.VU l^tOS

31)0.144

s,7a»

10,650
8.780
3,70i

3,035
t.OOO

113,

!•

8,08?

11,1

II

IBi,(MA

23J9»

KM*
3»,»70
IS2.79U

930

i»,ges

J7,S'<H u.aea. \9.*v
laiMudes exports troiu ''Mt '*£5»'.

3S.1IS*

M^

e8,l»,S.l53.483 3S0,1W

T'««fl.taBMW

^•.
wports from Wwit Pola^ «o.

8MJ41

447

•

103.380

i.ooa

5
33,213

Total

t ni«lad«s

to Apr. 10, 1889.

18M,

Bxforttdto—
OonU.
Fhnue] nerU,

43,180

Mobile

'

2b. 4} id,

4.X81
1&.843
2.603
3,698
1,93S

6,212
9,277

72,935

Mobile

;

private terms; 100 cases 1883 crop, Wisconsin Havana, private
terms also, 400 bales Havana, Cdc.@$l 15 and 200 bales Su-

7,436
19,175
3,439
4.833
5,181
401
8,863
17,149

4.920
5,913

13,129
21.661
1,206
8,274
3,677
618
10,057
14,310

Savannah

^

ISSOk

I

1.635
9,052
2,802
1,569

Orleans.

1831.

1882.

1883.

wa

vnns

38,131
.

4,tt»

933.ST?

UUJM
1.413.7W

V V

„

.

1

THE CHRONICLH

456

In addition to above exports, our telegrams to-night also give
us the following amounts of cotton on shipboard, not cleared,
at the ports named. "We add similar figures for New York,
which are prepared for our special use by Messrs. Carey, Yale
.He Lambert, 89 Broad Street.
'

On

ApbilIO at—

The Sales and Pricks of Fxttukes are shown by the following comprehensive table. In the statement will be fovmd the
daily market, the prices of sales for each month each day, and
the closine bids, in addition to the daily and total sales.

Leaving
France.

P,466
None.

6,406
None.

300

Other
Foreign

None.
None.
None.
None.
None.
None.

Ooattviite.

>

o

J

Mobile
•Charleston

BaTannah

L.-iOO

Galveston
Norfolk
Sew York

6.857
3,700
1.800
1,000

Other poi-ts

8.181

2,641

None.
None.
None.
None.
None.
60
None.

Nore.
5ro

None.

1,400

148.088
17 625
7 211
15,285
11,573
5,965
346,461
26,473

2.^,e84

2,800
6,063
4.721
1,860
4,000

80O

6
1,021

None.
None.

26,613

6.406

P,241

5.568

46,829

12,578
10,421

9969

6,701
13.149

51.705
145.936

—

—

UPLANDS.
Sat. nion Tnea

Ordin'y.^lb
BtrtctOrd..
"Good Ord..
•Btr, G'd Ord

tow Midd'K
Btr.L'wMid
MiddlinK...

Good Mid

.

NEW ORLEANS.
Sat.

j

i lov
lUlB
llXlB
1139

^4'

n

11»8
11

llSfl
11
lli6,a
128,8 128,i°

.Fair

Wed

Tb. FrI.
1

MM
66

838
Good Ord.. 103,8
Btr. G'd Ord 109l«
Low Midd'g lO'e
Btr.I-'wMid in,,
MlddUiiK... 113,8
Good Mid.. It's
Btr. G'd Mid 11
Mldd'g Fair lllSif
.#alr...
128,8
Strict Ord..

^4'

1213,

Wed

115f>

9»8
107,8
1013,,
Ills
11^18
117,8
lid.
1113,8
123,8
1213,8

i
1

"S„ 1113,8

11.3,8

12»1«
1213,,

TU. FrI.

813,el 813,8
9I4
9>4
9»8
91a
10:,8 Il0i,o 107,8 106,8
107,8 1013.8 1011,.
107,8
10% 105.
11
1015,el01B,8 ns,6 li'ie
ll'iB ll'ia 117,8 113,8
11»4
IIM 11=» llHi
117,8 117,8 1113.9 1111,
1119,8 1113,8 123,8 121,8
127,8 127,6 12li,6 1211,6
1

1

im

STAINED.

Good Ordinary

Wed

11»9
1113,8
123,8
1213,8

Th.

S2I

9«8

91,,

9^

93,8

10i,« 107,8 It*,,
.0.1,8 1013,, ion,
111«

tiMg:^

HABKET AND

,

and

OT MARKET
CLOSED.

«

MM^M
MMoO
I

OO-'-O

MOCO

I

9

».-:

^ImOm

toaoM*^
I

MM

2

MM > 11
11 <

;'-'

I

-,
,jt.'

g W§
<5
O

.

ta
I

aos:

M
m^Sm
tOK 5,5

^

*=»:

t:-:^

i?

•

a Ki,a"'
(

^

M

I

c»oo:

I

i^mO

CO

00*

2

UU

2

I

§

c *»__o_

11
IK*.

'5-

oOlo

2

MM
^^

"'75":'
ilk

— O,**.

5
2

Si
:„'..

1101
M,- Om
S
00

4

2
•«

o
^

ajM

8

8

coots
w

Oi-1

00 o.
I

§•

2

.*:

o>
I

'

«

2
:

OOcO co§o
?f9 0'=0? oi-io-'i -j<jOm
6aods
-I

OC -J

MM ^
00 IJ 00
2

ifcto

9i:M

M*^-

-

'

CO ^ 09
IJ
M-*

3
2

-

w*.

r;,

S

rf^ :i

tool
I

d> J»

SM'

—O

twl-»
I

<»

5^

^
:

MMjii-'

°

C7I

rfk it.

2
''

•-:

OCoO o©o? OOo
>Om
5

MM
00 ^ CO >
5
O ,^- 2
wo "
a

m mO m

I

CO &

CHOI

1

I

CO

om:
MMoM

..Om,

(|m;
MM,ft.M

OOaO

^ \tt
9.'

MM >
<
2

*

a.M'

tOM

**

a 50:

11%1

<
2

f-

ccos

»-i:

M^^^M

Si

<

I

I

1

Dm"'

C3

11
MM

a
9

•

»o:
M—tOM MM OJM
*-'1^^

-co-'

00
ao"
M»

MK W
11 2
co«j

Aw:

I

s WWOc
CS-1

»o:

ccuOcj

9
M-4,a^

m M|aM
MMQ,"
Mt-'O'-^

I

m-Sm m-o- m-J

COlO

OWi.

mW
O

<

tocc,.

Ck;o:

M — WM
MOM 1101
loej O ,i KkoOto coccOw
0»-l
OS
-M ^ Mh
I

coco

§

11
_M

Ki«

M
•J

.-

5

f3M »
OSBm"'

a.-:

•-•^Ot-t

to

=•

0030

C«

0<c^OcJ*

03U

tS

cityi

o*-__w

CO

2
*<

00 ^
5
,-M

000

MM

'^

»

M — ^M MM^.M
,-MMM M,-,CM M —
OC oo OOo? C O jO OOcO
cJic;>Oy,
CJ'Cn Cc^
§ ^ lU O4I ^ |(104^ _MM_0. J. O
CJCO
M
U Kl
S
>
o, ST
=9
:

1

I

:

o-,!-"

8,

;Jt

c't

tf.

^^
I

o
o

-"o

3

87,8
919

-J

a

OOo

o O or
MCC to
>
cii

I

I

I

«:

:.

I

I

la
I

I

Deltveriei.

I

O J, w

tOtO

I

I

9 6,8
109,8

cj,

I

00

to

5

3

I:

I

1:

I

I

I

3

«

I

I

I

1

la

?

I

I:

I

I

I

I

l«:
I

!

1

"M
I

«
S?
I

l-^f'Vi^
CT

c'l

"^

«

COoO M
o,
1

I

Frt.

FCTUBES.
Sales.

M

MM

M— (c.t'-'o'T

*•

1

Con- Spe«- TranTotal.
port. tump'Ul't'n tit.

^

5000

»

.-M

M-Sm
mmOo -1-1
coSo
MM

SALES.

Ex-

^1;
El?

—M ^

i.

;

futiu-e deliveries

BALES or SPOT AND TBAN8IT.

o

<i

each day during the
week are indicated in the following statement. For the conTenience of the reader we also add a column which shows at a
glance how the market closed on same days.
total sales

c«)
M JO

?ZS
MM

MM^flM

10U,8

im

»lb.

...

a
^

<

IN.

""-•CO*

1

I

11%

117,8
11=8
1113,, 1111,6 11"I8
123,; i2i,r 121,8
1213,8 1211,8 I2ll,8

nion'Tues' Wed Th.

Sat.

Si

I

>'>-'

10'3„

91,8
9I3
106,,

•Si

00

;

;

MO 2 00 2
OOD»«

11^8
111?
1111,8
121,6
1211,6

»

11.7,8

Ifia
I17i

."

5:
o

:

52 ^
3 Si

5

c6o6

Frt.

89 „
8»,8
89,8
9I4
(11.4
SlU
•Strict Good Ordiiift ry. ........... Holi9>8
Low Middlii>«
day. loija 101,6 101,0
10lJ,6 1011,, 1011,6 108,8
BUddUug...

The

:

;

^
«>

M

?§-•:'

1

Ordln'y Wfc

SSL'S

g:
o

§

TEXAS

107,.
1013,8
11>8
11&18
117,8

}}-^«

Btr. G'd Mid
^Midd'gFair

o
mi.

JHon Tnea Sat. raon Taea

103,8
108,8
lO's
ii'ie

-^: •?

%!

—

81518
938

,

1

S2><

;

c

ft

-.: '^

'.

!

579,810
62S,634

41.248

There was no important feature to the speculation in cotton
for future delivery at this market until yesterday. The reopening of the market on Monday (to which day business had
been adjourned on the previous Thursday), was dull at drooping figures. A small advance on Tuesday morning was more
than lost at the close, and there was a dull, somewhat irregular market on Wednesday, the next crop making a show of
-strength without activity. But yesterday morning the reports
of actual hostilities between Russian and Briti^h forces in
Afghanistan, accompanied by a sharp decline in consols,
caused this market for cotton futures to open in a sort of semipanic, under the influence of which prices broke down to an
extent that must be considered, in connection wi'i,h the statis.
ical position and other circumstances, as quite notable. There
"was, however, a partial recovery in the last hour, and the
close was firm. To-day Liverpool reported some improvement, and our market was slightly dearer, but dull. Cotton
on the spot was dull and nominally unchanged until yesterday,
when quotations were reduced J^c. To-day the market was
quiet and unchanged at 11 l-16c. for middling uplands.
The total sales for forward delivery for the week are 255,900
For immediate delivery the total sales foot up this week
bales.
864 bales, including 100 for export, 764 for consumption,
in transit. Of the above,
for speculation and
bales
were to arrive. The following are the official quotations for
each day of the past week.
April 4 to
April 10.

.^

678,711

22,457
81,122

Total 1885.

Total 1884
Total 1883

-.:

:

t>

,

:?3

3f6w Orleans

fats ia£S oats
5

£§•
S o » °

5»

Stock.

Total.

01

In

0.2
m^

Shipboard, not cleared- for

Oreat
B, itain.

[Vol. XL.

«»

I

1

September, 1884, for 8.'pt«inhor, 15S,300 September October, lor October, 421,800; Septcmher- .November, for November,
September-December, for Deoembwr. 967,800; Sentembnr.
582,200;
January, for Januaiy, 2.114,11)0; Septcinber-Knhruary, for Februaiy,
1,959,200; September-March, for Mar.h, 2.29i,100.
I^r We ha>e Included In the aoove caoie, and shall oontlone eacli
WMS to give, the average price of futures eat^h aay for each month. It
" Aver.
Tha
Will be found under each day following the aobreviatlon
average for each month for the week la also gi ven at bottom of table.
Monday, 11 15o.; Tuesday,
".;
Transferable Orders— Haturday,
11-15C.; Weilnesday, lllOo.; Thursday, llOSo.; Friday, ll-lOo.
Short >fntice5 for April-Monday, ll^OSa U-12o.; Tuesday, 11^10»
11150.; Wednesday, H'07c.
.
.
v
x.
• Includes 8.^1e8 in

;

'

.HoU day.

Bat.

Mon

Quiet

100

Tnes Steady
Wed Dull and eany
Thurs I>n11 at le dec..
Frl.

.

Total

The

300
238
53
82
91

Quiet

100

764'

400
238
53
82
91

38,300
36,200
29,700
100,300
31,400

300
200
300
1,300
1,200

664 255,500 3,300

dally deliveries irlven above are actually deUvftred
t>reTious to that on whloh they are reported.

th« day

The following exchanges have been made during the week:
"10 pd. to exoh. 100 April 8. n. for
200 Nov. for Dec. oven.
May.
•01 pd. roexeh. lOoNov. forDeo.
,
,
,
^
•18 pd. to exch. 500 April for June. -11 jid. to oxch. 500 May for Juno,
•15 pd. to exch. 200 Juue for Aug.
I
|

I

|

.

:

ApaiL U,

:

THE CHBONICLE.

1885.]

167

The Vibibijc Supplt or Cotton to-oi^ht, m made np by cable balMfMorf thanat tlMMOM^OTiod iMtywr. TlMnMlMsst
mnd tclograph, w ax fuUovvB. The l^ontiiumtolstocka. m wull m Um Hum (owns hav« bMO 10,t33 bak* Utt *hm
»)w mmm
thoee for lirivit Hntiiin and tho alliuit, ar^ tbia
week's rptunui.
oonstxiuontly all the Europoan fif^nrea are brought dowr
to Thursday evening. Hut to make the totals the coiiipletc
figures for to-night (April 10), we add the item of exports from
the Uuited Stateb, iucluding in it the exports of Friday only.

nd

1885.
1884.
b«lat,l,025.000 1,049,000

99.t,000

87:<.000

70,000

61.400

935,203
2.000
25,400

QUOTATIONS FOE MiDDUNO CoTTOH AT OrUaR MaRKKT>,—

In the table below wo give the closing quotations of mirldUng
ootton at Sonthem and other principal cotton market* for e«cE

62,200

TotHlOroat Britain stock. 1,0 J2.00O 1,119,000 1,056,400
Stock at Hamburg
6,000
3,700
3,800
Stock at Breuieo
53.300
70.200
40,200
Stock at Am8t44nlani
40,000
53,000
30,000
Stock at Rotterdam
400
1,000
2,400
MOO
Stuck at Antwerp
1,300
l.IOO
184,000 218,000
13(1,000
Bto<'y at Havre
5,000
4.000
Stock at MaraelUea
6.100
Stock at Barcelona
84,000
60,000
66.000
7.000
Stock at Genoa
10,000
9.700
Stuck at Trieste
5.000
5,000
7,4 >0

week last rear, and sinoe Saptembar 1 tha rwoipU at all Um
towns are 180,118 boles htt than for the lame tiiae in 188S^»

•took »t Urorpool
Stock at Looduu

»7,000

1893.

IM^2.

it!,aoa
2.^4

i.uuo

105,000
3.110
36.U0O
e.'ioo

8.474

liay of

the past week.

0t/)gI!<O

Vtek eiulhig

AprU

QDOTATIOm FOB nDDUMO

OOmW

Ml-

10.

Q«lve«ton

...

New

Orleans.
Mobile

Savannah

.

.

Cbarleston

.

WUuilnxton

..

Norfolk
Boeton
Baltlmuro....

394,600

Total Coutinontal Stocks

426,200

30J,7O0

202,433

Ptdladelplila.

Augusta
Total European Blocks ....1.4.'>6.600 1,343,200 1.3S2.100 1,137.63^

175,000
221,000

In 11a cotton afloat fur Euroue.
Anier'n cott'n ttlloatfor Eiir'pe

Iti.OOO
623.53!)

Kgyi>t,Brazil,Ao..aBt for E'r'po
Stock in UniluU States iM)rt8 ..
Stock In U. 8. Interior towns..
Culted States experts to-duy..

tlie totals

American —

afloat for Europe...

221.000

782.000
322,000
2M4.000

United States stock
Tnlted States Interior stocks..
United States exports to-day..

t23..">;i9

631,.M.5

119,8 J9

9S.766
15,000

797.000

bales

2-17.000

Total American

2l,00v>

M<ut Itutian, Branl, <le.—
Uverpool stock

....
. .

Louisville

...

17s, ISJ
2j,000

730.000
203,000
S3i.0OJ
769,570
214.632
18,000

571.000
IIO.OUO
4a.'i.(XiO

724.741
178.183
28.000

Receipts from the Plantations. —The following table ie
prepared for the purpose of indicating the actual movement each
week from the plantations. Receipts at the outports are oometimes misle.ading, as they are made up more largely one year
than another at the expense of the interior stocks. We reach,
therefore, a safer conclusion throu);h a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipt*
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop,
^hich finally reaches the market through the outports.
SKCEIPTS FBOM FUkNTATIOIlS,

223.000
37.000
107 .6J0
173.000
10,000

Continental stocks
India afloat tor siurope

Ac,

Memphis

Louis
Cincinnati

8t.

724.7U

2,071,398 2,143,281 2,467,202 2,016,921

London stock
E.<ypt, Brazil,

417.000
405,000
51.000

of American

Liverpool stock
Cojtlnental stocks

American

301,000
532.000
32.000
769,570
214,632
18,000

2,634,998 2,905,131 3,232,302 2.941.562
and other descriptions are as toUowa-

Total visible supply

OI tke above,

119.859
21,000

279,000
294,000
42,000
631.515
98,766
13,0U0

afloat

267.000
70.000
101.200
279.000
42,000

302.03U
62.2X1

263,000
61.400
102.700
301.000
32,000

ReeetpttatthePorit. Stic at InUrior Tbumr Bec'vtttram PUtnt't

WtOt

92. 138

417.000
51,000

Bndittf—

1SE3.

Total East India,
Total American

7o3,100
5rt3.630
762.200
924.633
2,071,30S 2,143,231 2,467,202 2,1)16.921

&0

2.634,908 2,905.481 3,232.302 2,941,582
Total visible supply
6d.
SUsd.
Prio«Mld.Upl., Uverpool....
63i.jd,
6"isd.
t^" The imports into Continental ports this week have been
3«,000 bales.
The above figures indicate a decrease in the cotton in sight
to-niglit of 270,483 bales aa compared with the same date of
1831, a decrease of 597,304 bales as compared with the corresponding date of 1883 and a decrease of 308,561 bales as
compared with 1882.
"

—

At the Interior Towns the movement that is the receipts
lot the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
period of 1883-84 is set out in detail in the following statement

—

I

1884.

I

1886.

|

1888.

{

1884.

1885.

|

|

]8«i.

j

1884.
|

Jan.!

130,400
171,316
165.889
146.130
131,413

feb. 6
" 13
" «0
" 97

"
"

"

121.826

13
«0
27

April 3..

n«.I10
1H.4SI 89,783,343.581 282.473 271.790 1«I,B29

87,139
SO.Oftl' 5<J,0«
94.202 SC.TOS

S26,79« 26S,0«0 256.045 129.,142

91.515! fle.87«

105.031

65,013

1S5,321| 76,487

Mcb. e
,

6S.7iO

Ul.»Sl| 49,878
42,633

I'rS.OaS

86,999' 5a.8S4
..

10

IHUS.

0:).0U 330,749 330.900 298,080 119,182
75,295 347,523 299,751 28037* t«e.a«0

101.53a

78,70si 87,091

72.9:»! 30.113

68,1121

54,3-J4 321,421 231,450 2^4 231 129,076
50,312 :W8,417 237,263 216.48< 122.314
58,866 804,621 1206.477. >99.i;9 121.030
42.381 297,l73i 181.414, 181. IM 108 TH?1

32.885 27C.946 180.809
28.810 266.071 141. •28') 1
28,111 257,153 126.394 U;.....,
21,808 239.461 110,088 128,W)8
:

74,718

61.894

SajSlO
43.302
40.932 89.561
^8,»l3 34.534
19,030 21, 90S

S3,jn

10,830

i,::..l

S1.24», 14,934

65.241

14,787

S,7U

—

The above statement shows 1. That the total receipts from
the plantations since September 1, 1884, were 4,712,780 bale**,
in 1883-84 were 4,710,686 balas: in 1882-83 were 5,700,144 bales.
2.
That, although the receipts at the oiilports the past week
were 21.808 bales, the actual movement from plantations wa»
5,716 bales, the balance being taken from the stocks at
the interior towns. Last year the receipts from the plantationa
for the same week were 14,787 bales and for 1883 they were
55,241 bales.

—

Amount op Cotton in Sioht April 10.— In the table below
we give the receipts from plantations in another form, and add
to them the net overland movement to April 1, and also the
takings by Southern spinners to the same date, so aa to give
subetanti^y the amount of cotton now in sight.

O 00 O O 00
OD kO O* 4^
•^ to

•-• ifk

cc to

:;i «-»>-•

M

,

•-•

W:0

C^ O rw -^ ^
tx c:
to #k to u

1884-85.

COOStt*llvl0VC0*4(-*'^0D»-rf»C;»®tOW'J

-j:

to

X to O tC X — *- O^J t)'® 3D CDjJiQO

I

1

1883-84.

1

1882-83.

\

1881-82.

Keceipts at the ports to Apr.lO 1,601,093 4.649,774 5,486,138 4.36S,33S
interior stocks ou April 10 lo
111,691
60,912 222,978 1}«,323
eicess of September 1

r^

w

an*

CD

M CI CD :m

H*;
.

M

c;iUtO'->0D

aii^>J<k

*-»o-j*lM

c-i'-'fioo

C" to -J in

to «C to to 1- *. 00
:

©*kCOmioto>-wcnif^i*»-.

If

^w

to

o w * C O W -J

- CftVODCOCObco
I- - 03 W
-^ M
*..

a<ODto-4^>-'t<^u

toa»<

0»

M g

©tO^-W
if^

to

i(»

o

'X

V

,-•

3»

^l!t

W^

-,0

• Tills year'n figures

The above

O

\o

»-•

en

MJi^l

03

too

Otf)

^M*.Cn

estimated.

totals

5.^6,328

236,000

572,321
240.000

4.524,6.\8

394.473
190,000

5,485,9 J8 5,473,014 6,521,438 5.109,131

Total in BigUt April 10

Northern spinners' takings to
1,182,212 1,336,545 l,47»,S13 1,833.101
April 10
It

wiU be seen by tbe above that the Increase In amoont In dctt
aa compared with last year, la 12,954 bales, the deeraat*
Is 1,035,170 bales, and the Increase over 1381-2 Is 376,837

to-nlffht.

from 1882-3

—

"wiooi*i»o — gi

O l«

II

556.182
217.000

Weather Reports by Telegraph. The weather has continued generally favorable for planting operations durin^^ the
week at the South, and good progress is being made. The
temperature has been slightly cool for the season.

O
o

QOi-tOM
to
fa,to^^c;io>

from planta'tns 4,712,786 4,710,68e 5,709.114

Net overland to April 1
BoutUem consumpt'n to Apr. 1

Mtotowr-cop
tOWi

#-

Tot. receipts

«h^;or'aD;j'rU>u*-Ur^ — toUi^'-K}<qao

itk

show that the old

decreased during the week 15,198

bales,

KM
wb

Galveston Texas.— It has been showery on one day of the
week, the rainfall reaching two hundre<lths of an inch. The
thermometer has ranged from 63 to 77, averaging 69.
Indianola, Texas. We have had light showers on three
days of the week, the rainfall reaching fifteen hundredths of
an inch. Young crops are coming np well. Tlie thermometer has averaged 73, ranging from 00 to 858.
Palestine, Texas.— \t has rained on three days of the week,
the rainfall reaching one inch and eightj'-seren handtedtha.
Com is growing and cotton planting is maJUng good progreaa.

—

interior stocks have
and are to-night 31,003 Average thermometer W, highest 79 and lowest

50.

.

THE CHRONICLE.

458

—

New Orleans, Louisiana. We have had rain on one day,
the rainfall reaching thirty-eight hundredths of an inch. The
thermometer has averaged C7.
Shreveport, Louisiana. Telegram not received.
Vicksburg, Mississippi. Telegram not received.
Meridian, Mississippi. It has rained on three days of the
week. The weather has been too cold for the season.
Columbus, Mississippi. The weather has been cool, with
rain on two days. The rainfall reached one inch and seventeen hundredths. Planting is progressing well.
Leland, Mississippi. We have liad rain on three days of
the week, the rainfall reaching one inch and fifty-four hundredths. The thermometer has averageed CO'l, the highest
being 84 and the lowest 39.
Little Rock, Arkansas. The weather has been fair to
cloudy on two days of the week, with rain, the rainfall reaching sixty-five hundredths of an inch. The weather keeps too
cool for farming interests. The thermometer has averaged
56, the highest being 78 and lowest 40.

—
—
—

—

—

—

—

Helena, Arkansas. It lias been showery on three days,
and the remainder of the week has been pleasant. The rainfall reached eighty-six hundredths of an inch.
Average thermometer 55, highest 74 and lowest 37.
Memphis, Tennessee. Tliere have been light rains on five
days of the vreek, with a rainfall of eighty-seven hundredths
of an inch. Farm work continues to make good progress.
The thermometer has averaged 55, ranging from 35 to 75.
Nashville, Tennessee. We have had rain on three days of
the week, the rainfall reaching one inch and eighty-eight
hundredths. Average thermometer 51, highest 73, lowest 30.
Mobile, Alabama. It has rained severely on two days, and
has been showery on one day, but as the week closes there is
a favorable change in the weather. The rainfall reached four
inches and ninety-two hundredths. The thermometer has
averaged 60, the highest being 73 and the lowest 39.
Montgomery, Alabama. Telegram not received.
8elma, Alabama. We have had rain on four days, and the
balance of the week has been pleasant. The rainfall reached
two inches. The thermometer has averaged 57, ranging from

—

—

—

—

—

an

inch.

The thermometer has averaged

—

—

—

—

—

—

63.

—

Columbia, South Carolina. We have had rain on two
days of the week, the rainfall reaching fifty hundredths of an
inch. The thermometer has averaged 63, ranging from 33

Apr.

—

3,

Nsw Orleans

Below high-water mark
Above low-waver mark.
Above low-water mark.
Above low-water mark.
Above low-water mark.

Uemphis
Nashville

Shreveport
Vloksburg...

-So.

Apr. 10,

Ineh.

Feet.

4

4
IS
12
19
28

Q
7

'84.

Inch.
1

Feel.
1

83

9

9
17

7

1

6

46

1

6

New

Orleans reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874, which is 6-lOths of a foot
above 1871, or 16 feet above low-water mark at that point,

Movement prom all

India Cotton

Ports.

— We

have

re-arranged our India service so as to make our reports moie
detailed and at the same time more accurate.
had found

We

impossible to keep out of our figures, as cabled to us for the
ports other than Bombay, cargoes which proved only to be
shipments from one India port to another. The plan now
followed relieves us from the danger of this inaccuracy and
it

We first

keeps the totals correct.
for the

week and

give the

year, bringing the figures

Bombay statement
down to April 9.

BOMBAY RECEIPTS AND SHIPMENTS TOR FOUR TEARS.
Shipments thxa week.

Shipmenl'txneeJan.l.

j

Tear Qreat Oonti- _

Great
Total. Britain

Brit'n. nent.

.

,

Continent.

Receipts.

This
Week.

Total.

18S5 14,000 15.000!29,000, 81,000 197,000
1SS4 26 000 16.000172,000 234.000 231,000
1S83 v!.i,000 9,000 a 1,000 197.000 S56,000
1882 41,000 8,000l49,000:41ti,000 228,000

273,000 3.'.,000
518.000 09.000
553.000 GOOO
644,000 75,000
•

SiKte
Jan.i..

410,000
697,000
82«,000
830,000

According to the foregoing, Bombay appears to show a
decrease compared with last year in the week's receipts of
81,000 bales, and a decrease in shipments of 43,000 bales, and
the shipments since January 1 she w a decrease of 310,000 bales.
The movement at Calcutta Madras and other India ports for
the last reported week and since the 1st of January, for two
years, has been as follows.
"Other ports" cover Ceylon,
Tutioorin, Kurrachee and Coconada.
Shipments since January

Shipments for the week.
Oreat

Oonlinent.

Britain.

Calcutta—
1885
1884

Total.

200

Great
Britain.

6,000
10,000

1885
1884
others1885
1884

Continent.

36.030
69,000

1,000

5.800
10,000

10,500

Madras—
4.0

1,000

9.030
25,000

W

1.

Total.

45,000
91,000
4,000
10,500

All

Total

6,500

15,500
13,500

3.0 JO

22.000
16,500

55,500
9^,000

15.500
28,000

71,000
121,000

aU-

1885
1884

200

5,800
1

The above

1

6,000
11,000

,000

week show that the movement from
is 5,000 bales less than same

totals for the

the ports other than

Bombay

week last year. For the whole of India, therefore, the total
shipments since January 1, 1885, and for the corresponding
periods of the

two previous

years, are as follows:

EXPORTS TO EUROPE FROM ALL INDIA.
1884.

1885.

Shipmentt
to att

Europe

ThU

1883.

This
week.
6,000'

278.000
71,000

72,000
11,000

518,000
121,000

35,000

Bombay

week.

Since
Jan. 1.

29,000

from^

Since
Jan. 1.

349,000

83,000

All other ports.

Total

ThU

Since

week.

Jan.

31,000
1,203

553,000
71,700

639,00o| 32,200l

624,700

1.

This last statement affords a very interesting comparison of
he total movement for the three years at all India ports.

Alexandria Eeceipts and Shipments.—Through arrangements we have made with Messrs. Da vies, Benachi & Co., of
Liverpool and Alexandria, we now receive a weekly cable of
the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the past week and for the
corresponding week of the previous two years.
Alexandria, Egypt,
April 8
Receipts (oantars*)—
This week
Since Sept. 1

to 77.

Stateburg, South Carolina.— It has rained on two days, and
the remainder of the week has been pleasant. The rainfall
reached fifty-four hundredths of an inch. Average thermometer 60-4, highest 80 and lowest 37.
Wilson, North Carolina. There has been rain on two days
of the week, the rainfall reaching seventy-five hundredths of

the highest being

we have also received by telegraph,
ehowlng the height of the rivers at the points named at 3 o'clock
April 9, 1885, and April 10. 1884.

—

—

60,

76 and the lowest 36.
The following statement

SB to 74.

Auburn, Alabama.. It has been showery on three days of
the week, the rainfall reaching one inch and ten hundredths.
The thermometer has averaged 67'4, the highest being 78 and
the lowest 37.
Madison, Florida. We have had rain on two days of
the week, the rainfall reaching [one inch and sixty-two
hundredths.
Average thermometer 64. highest 83 and
lowest 45.
Macon, Georgia, We have had light rain on one day of
the week. The thermometer has averaged 62, the highest
being 78 and the lowest 40.
Columbus, Georgia. It has rained on one day of the week,
the rainfall reaching ninety-six hundredths of an inch. The
thermometer has ranged from 40 to 74, averaging 60.
Savannah, Georgia. We have had rain on two days and
the rest of the week has been pleasant. The rainfall re^hed
thirty-one hundredths of an inch. The thermometer has averaged 63, ranging from 44 to 76.
Augusta, Georgia. The weather has been pleasant during
the week, with light rain on three days, the rainfall reaching
forty-six hundredths of an inch.
Conditions favorable and
cotton planting makes good progress. Average thermometer
54, highest 81, lowest 38.
Atlanta, Georgia. We have had rain on two days of the
week, the rainfall reaching fifty-eight hundredths of an inch.
The thermometer has averaged 55'7, the highest being 77 and
the lowest 38.
Charleston, South Carolina. It has rained on two days of
the week, the rainfall reaching nineteen hundredtlis of an
inch. The thermometer has ranged from 46 to 74, averaging

[Vol. XL.

1884-85.

11,000
13,460,000

1883-31.

5,000
2,614,000

1882-83.

6,000
2,225,000

Since
This
week. Sept. 1.

9,000 163,000

Total Enrope.
L

oantar

is

98

lbs.

6,000 281,000
3,000 115,000

2,000 221,000
1,000 77,000

12,0001447,000

To Liverpool..
To Continent

ThU Since
week. Sept. 1.

3,OOOW84.000

Exports (balcs>-

This
.Since
week. \Sept. 1.

9,000i346,000

3,0001293.000

t

Kevised.

I

I

.

Area

THE CHRONICLE.

11, 1888.1

Tins Btatemant showd that the recoipts for the week ending
April 8 were 11,000 cantars and the shipinonts to all Europe
19,000 bales.

Mancrestrr Market.— Our report received from Manchester
is irregular and unsettled
and difficult to quote. We give the
prices for to-day below, and leave previous weeks' price» for

to-night states that the market

owing

to political affairs,

oomparison.

Fob. «

8>« »*.

" 27 9I4 US'8

Hob. 6
"

8>4
13 SVt

OoU'n

a.

6

o>i''a

»S\

s
5

" 27 8'i"'»'^''l
Apr. 3 >13,„«^%

Uptl$

A

d.

d.

d.

•ei<»t 6

6

«6 10>i
s6 l>>a
»B n>s
«u 9
90 9
90 10
96 10
96 10

6
<l

8>«
a>s
fl>S

6'i9

8>s
a>9

9
9
9
9
9

7
7

9
9

9
9ifl

6

8>s

g>4

6
e

S(%

9
9

t.

97
97
97
7 97
6>s97
7 97
7 97
7

8»ie»

Ont'n

8H lb:
BMrling$.

S2< Oop.

MM.

Bhirlingi.

d.
d.
><s,„_<?is,„

MfUt.

UpUl

d.

S'8

I

413

yields will bo ini'i^nltlcaut. We still consider 900.000 bales
a full estimate of the season's exports, with a probability of the total

Comparative Port Receipts and Daily Crop Movement.

is not accurate,
as the weeks in different years do not end on the same day of
the month.
have consequently added to our other standing
tables a daily and monthly statement, that the reader may
constantly have before him the data for seeing the exact relative
movement for the years named. The movement since

We

and

in previous years, has
Tecar

Uonihty
1834-85.

1883-31.

been as follows:

Btginning September
1832-83.

Bept'mb't
315,445 343,812 326, 6561
October.. 1,000,385 1,046,092 980, 534i
Movemb'r 1,122,164 1.030.380 1,094, 697;
Deoemb'r 1,101,211 1,059,653 1,112, 530
January
475,757; 487,729
752, 827
Itebraary.
2G1,149 385,939 595, 59>Haroh...
163,503 241,514 482, 772
.

Totalyear

BXPOBTS OrUOTTOn(B4I,BYI raoM

Nrw tobk stHoa Bbpt.

1.

1884.

Week nuting—
Jbporltd to—

Same
Hnee

period
pretPtu

•i%.

2.

I

\8ept. 1.

year.

Total

,

March March April April
9.

I

Liverpool...
Other British ports.

12,892

7,557 13,176 10,4<>9:329.712 29<,3SS
2.535'
350. ...
161 30,132; 13.148

,

roTALTO QBE AT BRITAIN 15,42 7| 7,907 13.176 10,650 360,144 311,071
397

150

roTAL French

397,

150

175

Bremen

60o'

356

4,411

Havre

77

175

31,61 :
1,587

HamboTg

1,000

...

560

Other ports.

350

Ti;
I.8M 120,2J7| 71,626

ltl6

"206

2.i8H
9,981

2,967
2.532

453'

2,160,

451

453,

Total TO North. Edropk

196

200

12,572

5,493

3paln,Op'rto,aibralt'r,&c
All

28,295

29.07 r 20.5a8
38,231 21.238
52.33i; 32,750

50
350

451

23,295

33,198

Other French porta...

other

,

Total Spain, &c

less."

—^A comparison of the port movement by weeks

BeeeipU,

week show an

this

as compared with last week, tlie total reaching l.'S,$U9
against 13,900 bales last week. Below we give our usual
table, sliowing the exports of cotton from New York, and their
direction, for euch of the last four weeks; also the total exporta
and directions since Sei>teinl)er 1, 1881, and in the last coltUBn
tlio total for the same i)eriod of the previous year.
liales,

19.

Dharwar

1884,

The Exports op Cotton from New York
iiii-reaae,

e^K

an unexpectedly heavy scale, .and were moreover helped liy ooiisidcrable receipts of Dharwar and Comptas. This year, unless up-ooiuitry
reports are absolutely misleadin;;, the Dhoilera and Bliownn^^cr crop
will not admit of any such tiuusual arrivals, white the Gotupta and

1,

qiiotingOc. for i;; ill., II' ,.-. fr)r P, II,,, [i
ll>. and
lie. for standard grudoa, but on a quantity u miuvi,: bettar
could be done. Tiiero has been more demand from nanofaotiirors for butts, and order* show an inoreaie.
8oni(> iiari^nla
have been taken on the basis of l?g'(!*)l-''^c. for Jm,
!.-«
and 2(»3?^C for bagging qualities, alwut 8,000 !..
.,iig
takers; and at the close sellers are quoting these figures for
any fair sized parcel.

B's

—

September

W«

rately biuy filling tUa jobbing ordaia that an oomlnc ia.
nut Itear of luiy inquiry for large lou, buyern not layioft ia
Hlo^kat the nioriient.
IVh-oh are steaily
r« ara
ilo

6

7>s»7
91a »7 4

fl'4

d.

2»«
2i«
2'«
2>s
2<«
21a
21,

Mexico's Cotton Crop. Some information and statistics
with reference to Mexico's cotton crop and cotton manufactures will be found in our editorial columns.
EiLST India Crop.—The Bombay Prices Current of March 6
gave th« following:
" The receipts sbow a ellKbt increase thia week, but are still midcr
and h>8in>; tfrotiiut as oompared witli last year. The deHcfenoy itt rauiid
flxures is now lOO.OOU bale's alike in receipts and exports, and altlioiizU
some iii'onla adlicre to tin" tieliif that, it will he made t'ood licforo the
end of the season, wo do not think It likely, not at all events with such
markets us we are now haviu;?. It nuist not be forgotten that in April
and May last year the arrivals of Uhowuuj?gers and DlioUcras were on

proving considerably

4M

188«.

1B83.

32f <7oa.
twUt.

—

1

flkRAMD

Total

The Fouowino are the Gross Receipts of Cotton a t

New

York. Boston, Pliiladelphia and Baltimore for the pas
week, and since September 1, 1884.

Niw

York.

This

fromr'

New

wuk.

18S0-S1.

429, 77

453,478
963,31S

653, 19.5
974, Ol.i 1,006,501
996, SOI 1,020,802
487, 727
571,701
572,72«
291, 992
476,582
257,,099

1879-80,

333,613
833,492
942.272
956,4 61
647,140
447,918
261,913

S<nc<

6.740;

),«5»
..

2,357

Florida

Sept.

Sept. 1.

1.

237.598
211,858
193,393

77
1,173

969

Virginia

677I

62

562.914,4,595,118 5,345,670 1,290,640 5,075,110 4,480,842
Fero'ta^e of tot. port
receipts March 3ll
94-73
88-80
9089
86 40
89'5S

43.970
12,719
8.986
12.501

Sorth*n ports
!i,0»
23S|

20.751
115.212
23.1S2
191.721

1,165

6M0I

i.m
806

aiaM

I.

406

48.85*

...

806

6e,489|

»4,2:0,

Sept.

t

Baltimobb.

Since

...

884|

e

11,002,

ai

984

19.14
17.9 to

339

27.7S5

8.871

42,024

3tS.43|i

3.795

U0.349

1,428

ig(|S4S

355.996.

3.->l»

M.StO

2.945!

194.20*

126,632

76,44
31 .S«

187

5,120

This year.

H,958

Last year.

-r

week.

4,86aj

1,119

80. Carolina.
No. Carolina..

Tennessee.ac
ForelRn

TMi

Since

1.39L

Orleans.

Mobile

1981-82

Philadblph'a

Boston.

Iteceiptt

Texas
gsTannah.

1,

17,9341 8.860 13.900 15,839 5-26,141 416,21

10,52^ l,005,lSll 10,855

1,0«9,07-2J

1

This statement shows that up to March 31 the receipts at the
ports this year were 33,204 bales less than in 1883-84 and
783,756 bales less than at the same time in 1882-33. By adding
to the above totals to March 31 the daily receipts since
that time, we shall be able to reach an exact comparison of
the movement for the different years:
1894-85.

1883-34.

1832-83.

1881-32.

1880-81.

1879-80.

Tot.Mr.31 4,562.914 4,595,118 5,345,670 4,290,640 5,075.110|4,480,312
Apr. 1....
5,050
5,344
5.922
B.
6,612
15,516
" 3....
5,994
5,770
S.
8.09S
10,903
8,293
'•
5.329
3....
4.556
15,534
7,501
6,524
8.
" 4....
1.830
8,873
12,239
9,772
8.
23,210
" 5....
B.
6,155
13,537
7,048
13.035
3,237
" 6....
3,111
8.
13,354
4.022
6,333
9,980
" 7....
4,99S
6,300
15.310
9.512
6,213
13,6i6
" 8....
2,8'29
4.507
8.
4,170
5,264
14,912
" 9....
2,415
3,204
a.
11,300
9.676
4.717
" 10....
6,625
3,319
18,301
7,387
8.
5,158

—

SmPPiNO News. The exports of cotton from the United
States the past week, as per latest mail returns, have reached
50,248 bales.
So far as the Southern ports are concerned, these
are the same exports reported by telegraph, and published in
With regard to New York we
the CHROiqcLE last Friday.
include the manifests of all vessels cleared up to Thursday
night of this week.

—

Total baUt.
BritLiverpool, per ateamera Aaranla. 543
annic, 2.019. ...C'itv of Chicago, 1.872 ...City of R.ime,
345....IIipparclm8, 1,060. ...per ship Marabout, 4,020.... 10,489
161
To Hull, per steamer Chicago, 161

New York—To

175
Havre, per steamer Anieriiiiie, 175
B(euien, per sh p Jo-scph 11. Scammell, 4,414
^'Hi
'..O
Hamunrg, per steamer Moravia, 50
SSO
Autwcro, per steamer BelgeiUaad, 350
209
Genoa, per steamer Britauuia, 200
Hbw OBi.iiANS—To Liverpool, per steamers Alice, 2,287
Francfcca, 5,900.... Texan, 2,554
'<>>?M
To Havrfe, per ship Scotia, 3,892.. ..per bark M. Pr<'niua».
8392
3.000
3J50
ToKcval, per bark TrlaclcTarrabochla, 3,350
240
To Vera Cruz, per steamer Kstaban de Antunano. 240
Mobile— To Liverpool, per bark Oc-rda, 1,294
i'sSi
Charleston—To firemen, per steamer Jesmomi. 3.975
'SZS
Galveston— To Vera Crnz. per steamer Whitney. 900
^
1>»°"
U..
NoHFOLK—To Liverpool, per ship Senator, 4,3ti9
Philadelphia—To Liverpool, per steamer Brltlshf Crown, 2,p48 -Ti,i4»

To
To
To
To
To

"^

IZTso!^

Total

Total
4,801,095 4,643,146 5,453,404 4,346,664 5,186,000 4,537,511
Percentage of total
port reo'pts Apr. 10
95-72
90-60
92-09
90-72
83-29

This statement shows that the receipts since Sept. 1 up to
to-night are now 43,051 bales less than they were to the same
day of the month in 1884 and 8.52,309 bales less than they were
to the same day of the month in 1883. We add to the table
the percentages of total port receipts which had been received
to April 10 in each of the years named.
Jute Butts, BAOdiNo, <$;c. There has been a light call for
bagging since our last report, and the market is only mode-

—

particulars of these shipments, arranged in our usual
form, are as follows:

The

SremeH AntLiverpool.

New

I*

Hull. Bavre.

Tork. 1^.439
R.Orleans. 10,741
Mobile
I,2i4
Oharlestoo
Oalveaton
Norfolk....
4,889
Phlladelp'a 2.148

161

29.541

161

Total

..

175
6.392

Vera

Ham-

teerp

burg.

Seea'. OeHoa. Crut.

4,481

<*

;«50

3,350

2O0

......

......

3,975

^TUu.

".KW

240 91.92S
-v,.

•*'"

JgJ
s-g*
.aS

J-fS
*'^*?
7,067

8,439

3,700

20O 1.140

5d^4«

—
—

:

.

THE CHRONICLE.

#60

Below we add the clearances this week of vessels carrying
ootton from United States ports, bringing our data down to

Wedne*., Apr. 8.
Op«n High Low,

the latest dates:

Bew Orleans— For LWerpool—April 2— Steamer

Discoverer, 3.074
April 4-Steamer Pascal, .S,l76....Aprll 6-Slilp Henry, 3,077.
April 4— Bark Ocean,
April 2— Barlf Maitland, 2,531
For Havre—
April 7— Bark Niagara, 3,102.
2,2 10
April 4— Steamer Cristobal Colon, 3,325.
For Barcelona—
For Genoa- April 2— Bark Saint Anna, 2,117.
Boston— For Liverpool— March 31— Steamers Borderer, 1,710; VeneApril 3— Steamer Catalonia, 1,438.
tian, 612
For Antwerp April 1— Steamer Hermann, 29.
April
Baltimobe— For Liverpool— April 4— Steamer Eduardo, 1,712
H— Steamer Ca'<plau. 993.
For Bremen— April 8 —Steamer Hermann, 930.
PHn.ADEiUPHiA— For Uverpool— April 4—Steamer Illinois,

—

.

Below we give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.
WiEi.AND, steamer (Ger.). from New York for Hamburg, whieli returned
to the

former port March 23, repaired and sailed again April

d.

d.

Mon.

Batur,

Do

.«.

-.--

....

3e*

H'

ss*

»3a'

'32'

»3a*

....

....

....

»32*

»»2*

Do

sail

%«13S2* 38©1332*

Do

sail

e.

Amst'd'm, steam.c.

Do

sail...c.

Reval, steam

Do

....

c.

Hamburg, steam.o.

e.

932®5(e*
....

.-..

1

45t

45t

5
n

732®

V

451

....

73a»l4'

'32®

V

45)
....

....

732®

V

732

®v

Barcelona,8team. c.

*3a*

»»a*

»3a*

932*

93a'

Genoa, steam

he.'

'la-

la"

»2*

>fl*

»18*

"is*

»,6'

c.

Trieste, steam... c.

>«'

's'

Antwerp, steam,

la'

•a*

•

e.

fp er 100

Compressed.

"4*932 ^®^3a* 14393a*

8ept.-0ct..

610 610
6 00
6 61

.

Deo.- Jan
Jan.-Feb

—

Actual e.xport
Forwardetl
Total stock— Estimated
Of which American— Estim'd
Total import of the week

Of which American

Amount afloat
Of which American

Jfai-rt 27.

April

2.

April 10

43,000
45,00(
39,000
41,000
6,000
4,000
3,000
3,000
2,000
2,000
1.000
1.000
30.000
31,000
29,000
27,000
7,000
5,000
6.000
5,000
IS.OOO
11,000
1 .000
9.000
984,000 1,005,000 1,008.000 1,025,000
768,000 781,000 788,000
797,000
5.1,00
62.000
54,000
69,000
44,000
63,000
4-1,000
44,000
196,000
192,000
172,000
lM5,000
152,000 140,000
120,000
116,000
:

of the

5 59
5 59

5 58

5 59

560

6 62
6 02

568
663 5 62

550
563

6 00

604

604

606

6 03
6 07

6 02

6 04

6 03
6 07

6 08

6 08

6 03
5 57
5 57

6 04
6 08

6 03
5 57
6 57

6 03
6 57
5 54

6 03
6 57

558

611

6 08

606
609

6 06

d.

6 05

811

6 00

6 10
6 00

560 660

6 06
5 80
5 67

554

6 61

6 06
5 61
6 68-

580

6 53

6 57

...

10, 1885.

Prices did not sympathize to

terday.

any considerable extent

with the advance in wheat, which had been promoted by

the-

from

intelligence
active.

Some

advanced 15@30c. per
There

most.

became very

Afghanistan, the dealings

were taken for export, and prices

30,000 bbls.

is still

bbl.,

the fair low grades improving

a scarcity of full lines of shipping grades.

The high grades of family brands are plenty, and the demand
for them is readily met. Rye flour and corn meal have been
firmer, but prices

show

from

little

To-day flour was in

advance.

and further advanced.

dealers,

The wheat market has been the scene of an excited speculaand at the West, attended by an important advance

tion here

For the first half of the week the basis of the
movement was unfavorable crop accounts. In California,
it
was asserted, the needed rains had not fallen; and in

in prices.

the Ohio and Missouri vallies the fall-sown wheat had been

winter killed to a large extent, while in the Northwest the
severe weather

was impeding spring sowing. On Wednesday
rise, growing out of these influences,

the speculation for the

1

market for spots and futures each
week ending April 10, and the daUy closing prices

Tlie tone of the Liverpool

day

5 57
5 57

5 58

5 57
6 60
6 01

5 57
6 57
5 61
6 00
6 04
6 08

There was no marked change in the flour market UQtil yes-

—

Mareh20.

6 04
6 08

612 612 6 12
616 615 615

Oct.-NoT_.. 6 00
NoT.-Dec.
S61

brisk request

lb s.

LrvBRPOOL. By cable from Liverpool, we have the following
statement of the week's sales, stocks, &o., at that port. We
add previous weeks for comparison.

bales.
Sales of the week
Of wliirh exporters took
Of wUich speculators took..
Bales Araencan

6 57

unfavorable crop accounts. But on the receipt of the war-like

....

:

d.

5 57
6 67
5 61
6 01

600 60O
6 00 600

6 05

6 10

....

45r

...•

....

....

....

....

H^^he*

&•

d.

sail

.--.

---.

e.

d.

»3»*

.—.

sail

d.

FKIDAT, P. M., April

»3a*

'64*

....

Bremen, steam. .e.

d.

BREADSTUFFS.

»3a*

'm*

.--.

e.

Olot

d.

September..

'e*'

^u'

Havre, steam

Open High how.

d.

5.

761*

d.

satl...(t.

Do

Apr. 10.

ITrl.,

Clot

d.

d.

6 09

Apr. 9.

Open Hi«h Low.

Clot

Fn.

TKun.

Wednet.

Tut*.

Tlinrs.)

6 01
6 01

April
6 01
April-May.. 6 01
May.June.. 6 0S
June-July.. 6 00
July-Aug... 6 12
Au«.-8ept... 618

Cotton freights the past week have been as follows:

Uverpool, steam

[Vol. XL.

bad nearly subsided, but

some time

of spot cotton, have been as follows:

gained renewed strength from the

it

and on Thursday the war news from Afghanistan caused the greatest excitement, prices advancing 4@6c.
per bushel. There was also more doing for export than for

foreign advices,

past.

To-day

opened

vviieat

3c.

lower, but there

was a good export demand, speculation revived, and most of
'.

Saturday Monday. Tueiday.

ftK>(.

Market, 1
12:30 P.M. $
Mid. Upl'ds
Mid. Orl'ns.
Sales

Freely

Harden'g.

offered.

6>i8
6ie
'

.

Wedrut. T/iurtd'i/

>

.

pec.&exp.

lO.OOO
1,000

10.000
1,000

Fndait

Dul

Moderate
irregular. demand.
6
6
6I18

61,8

l,00f»

July delivery

1-64 dec.

Firm at
3-64 deell ne.

Quiet but
steady at
2.M adv.

Easy.

Steadier.

Firm.

Barely
steady at

Quiet

)

and
steady.

{

The opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
ty"
6

in pence and
6 03 means 6 3-64d.

Tlie pritea are given

62-64d.,

and

Sat. Apr. 4.

6itJis,

Mon.f Apr. 6.

thus:

5 62 meant

Tne*., Apr. 7.
Open atgh Low.

OIoi.

d

d.

d.

d.

6 02
6 02
6 06

6 02

6 02
6 03
6 06

6 02
6 02
6 OB

610
614
617

610
614
017

Bept.-Oct...

612 618 612

612

Oct..NoT..
Nov.- Deo...

6 01
6 61

6 02
5 62

April

April-May
May-Iune..

..

June-July..
July-Aug...
AOR.-Sept...

602
606
610 610
614 614
617 617

91%

Om

Mayd.^livery
lie delivery

J

1,000

linn.

SO^a

91

93

,

94:%
O3J4

lues.
y2Sj

iU^

ITed.

93
92Mi

Thiirs.

Stht
US'*

92

9."H

t-STs
9;,08

9i^

93%
9bH

lOO's

9t>%

97

10.%

99

Fri.
97>i*

96Hi
97Js

99
10L.-V.

102
9;%
98%
....
Indian corn has moved somewhat in sympathy with wheat,,
a considerable rise in prices having taken place on Thursday,
Augu.'it delivery

Dull.

Market,
4 P.M.

Sat.

fn elevator
April delivery

8000

10,0

'c

f^turea
Market,
12:30 p.m.

the early decline was recovered.
DAILY CLOSING PRICES OF NO. 2 REH WINTER WHEAT.

and

especially for the

more

97

distant futures; but the speculation

has been only moderately active, and the rise has had the effect
of checking the business for export.

scarce

and decidedly higher.

White corn

is

very

To-day there was a further

advance, with a brisk speculation, but the close was some-

what

irregular.

DAILY OLOSINO PKICBS OF NO. 2 MIXED COBN.
Thurs.
Mon,
3hte».
Wed.
Sat.
50
52
4y'4
50
4'J^
In elevator
5214
497g
4913
50
49%
April delivery
53 14
6018
S0%
bi)^
80
May delivery.
Si^
5J%
51
5u%
June delivery
5214
52%
54%
52
July delivery

om

Fri

52%
52^11

53
6358
SiSg

Barley was quiet.

Oats were comparatively dull early in the week, but revived
on Wednesday, and were active and buoyant on Thursday.

There has been also a renewal of the export movement to

Beptember..

Dec.-lan....
Jan..Feb....

6 01
6 61

London, and likewise shipments to Cork for orders. To-day
there was a further speculative advance, with a moderate
export, closing at 39c. for

The following are

May and

39l^c. for

closing quotations

:

June and July.

4

1

TH^ CUUONIGLE.

U, 18M.I

4J.>llIL

«ne

f bbl.t270»

Bprtun wlinat oxirm.
Minn, rioiir mill ntni't.
Wlnt**rBlili»p'*.'**-'('rn«,

SO* 4 85

Bnnth'n com. extru.. 93
Brjuihi^ru UKkera' *nd
riiiull}' brituda
5
BvH Hour, luperflna.. 3

8 50

3 25« 3 tl5
3 50* 5 '25
4 2.S9 4 75
3 T.^o 4 JS

«U|i«rltrie

009 B 75
65* 4 05
3609 300

I'iiio

A XX.X.. 4S0 9 5 50 Oom me«i—
Weatern, Ao
4 75* 6 00
Braodjrwlna,
3 30* 4b5
Olty.uupplugaz
Winter .XJC
P»teut»

00a

n
Ao....

3 25

3 20

a 8 3u

ka.
Wheatr-

White

Oorn— Weat. mixed
West. mix. No. 2.
Worn, white
White Southern..

Yellow bouthem.

70 9
73 •
37>»»
White
88>ta
No. 2 mixed
38>a*
No. 2 white
40 •
Barley -No. 1 Canada. 88 •
No. 2 Canada
78 •
State, slx-ruwed
68 •

72
75
40
43
39

Btkte

Oats— Mixed

97
98
02

•
•1
90 »100
50 « 53>«
52i4» 53i«
.53
9 5fl
60 • 65
51 • 54

Red winter

The movement

•

Kre— Western

I

alOS

85
95
90
81

BprlnK,per boah.
Bpiinft No. 2
Bed winter, No. 2

a

.

.

40>ii

90
80
72

Mtporu

l(il

WkmU.

NewYork

Otm.

ftoMT.

Outt.

>»••

Butk.
355,400

ftim-

Biuk.

HbU.
131,609
6,610
1,878

us*.

Aw*

75.5,324

5,U3

Boston. ..
Portland
Montreal.
Hblladet.
Baltlm're

185,402

N. Orl'aa.

24,'258

63,513

Oom.

Wh4at,

Oat«.

By*.

fl«rr.».

BblJ.lVaUu BuiJk.<0 au[ BulLSS u» BiMlt.S3a>> Biuk.48l5f Biuh-V 1*1
iei,l»7
251.I8B
l,7M,4t»
B82.660
ia6.Ml
27.020
l«.fl9J
156,98»
13,440
18,615
71,311
5.760
114,4S1
7S.9S8
«5,O0O

2.363

Clereland. ..
St.Loal> ....
Peoria

1,830

Ouluth

1.285

5.115

68,116
87,900
885.660

6S0O

S.41S
15,817

141,046

«3.ao3

8l7

Detroit

848,850

S,8»8
82.700
167.805
182,985
10,774

20JS15
5,500
33,215
11,400

8S,58t

Tot.wk.'SS
Same wk. -84
«aine wk. >bS

i'.7M

608,669 1,737,837

210,397

203,467

47.003

681,531

102,005

1.351

153,621

M. News.

ToUlw'k.
8'me time
1884.

.503,388

..

The destination of theae exporta ii aa below.
oorrespond'ng period of last year for oompariaon:

/or IMS*

801.076

7tl9,60»

I69.ii9l

488.814
630,493

138,627

8,175.081
1.447,083

076.672

to-

Apr.

4.

tTn.Klng.
Contln'nt

149.093

10,500

233,2JQ

B.AC.Am
W.Indies

17.653
22,119
7, '01

Oth.o'n'U

547

Total...

210.397

60.368
59,500
49,808

48.517.039

15,129.383

4,0S5,817

46.339.729

8.134.391

West

7,0810(9

64.141.231

15.442.875
13,711,839

3.!y60,(m

Bflt. Col 'ales

The comparative shipments of flour and grain from the same
|>orts from Dec. 22, 1884, to April 4, 1885, inclusive, for four
Tears, show as follows:

th. ooontr'i

Floor.

.bbls.

3.415,263

2.636,009

2,856,507

1881-2
2,020,393

Wheat

bUBh

Corn

5.651.895

6,37.5,809

2-i,321.22J

2^,226,908
10.4-.3,190

Barley

11.049 343
2,061.1)1
519,317

911.53J

5.16J,78l
23,6S4.109
10,49S.359
3,«90.07t
566,1 iO

4,612,890
18,108,589
7.913,9^1
1,559,434
664,569

«HS*.
15B!918

ll^S

603,338 1.737.837

581.684

47.632.933

41,901,276

43,931,413

Wk—t.
I884S.
Au«.!!3lo

Apr.

4.

BwK

BM>.

3,816,982

3,186.229

18.046.902

870,781

.

850,733
417,127
621,186
359,538

16,187.509

459561
521,302
317,780
60,130

Indies.

Total

5,466,43«

Cbm.

\ma~%.

Ant.

U8a.4.
AH«.8Seo Awe arcs
1884.4.

n to

Apr.

.4pr. 4

8.

.<I>r.5.

Bmh.

BlMk.
19.834.191 81.081 817
10,0W.764
8.8B2J77

17.T««JW

•10346

i.iwiaos

Buek.
B,748,(»!«

81,678
8,010
17,867

872.401

860,001

63,728

IQOJM

21,011

48,873
1,000
146
SS.071

76.198

111,839

4,753,788

31.287.091

25,933.416

31.255.701

».151.775

1,806

The visible supply of grain, comprising the stocKs hi granary
at the principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, April 4, 1885, was aa
follows:

OaU
Bye

Total «ialn

1.903,53J

ahipmants from Western

rail

33,089,403
lake and river

ports for four years:
1885
Week
bbH.

Wheat
Coin

•j3sh.

1884.

Week

.4p)-it 5.

302,619

238,51.t

April 7.
Ia0,3l5

614,043
2,073.260
682,561

3,501,912

Barley

1,419,891
1,213,097
1,281,850
126,417
111,812

236.391
909,007
575.295
171,893

33 188

Oats...

4,159,037

1,912,88J

10l,8flJ

«ye
Total.

Mulino—

Wheat,
butk.

bolt.

Apr. 4,'85 31'?.012
Mar2;j,'85 260,329

Mar21,'83 2S9..597
Alar 14,'83 2ii8,533

Corn,

Oaf,

bulk.

6U.013 2.531.839

bush.

727,636
901.199

420.715 2,098,375
418.272 2,221,950 1,231,676
386,227 3,021,5811,360,193

Tot.,4w. 1136.471 1,869,237

83.565
568,586
622.312
93,412
25,077

20,2 J

and lake shipments from same ports for

^veeks were:
Week
Flour,

1182
Wrek
Aprils
100.468

1883.

Week

.4;>ri/

_,

»'<"»'—

rail

Wheal,

In ttore at—

bush.

New York
Do

aaoat

4,420,854
306,743
1,500
1,036,180

(est.)

Albany
Buffalo

....

Below are the

1,391,933
last

rtour,

bath.

33.186

168,025
168,525
195,293

36,ij69

53,375
46,253

9.870.995

„ ^ir
New York

Wheat,

Oom,

buth.

btiih.

obit.

133,117
Boston
49,299
Portland
2,250
Uontreal
9.677
Pnlladelphta... 20 763
Baltimore
49,532
>'ewp't News..
If ew Orleans...

18.,')00

242,025 1,234,146
51,700 2ll,9i<0
63,513
8,500
13,200
600
259,200 310,200
207,784 366,071
2,232
24.258
410,595

Oali,

b»tn.
4,i5.035

four
B\*

Barl-y,
btuk.
101, S62

4,223.704
633,707
4Wk» 84.. 937.146 3,13J.l79 7,2^2,169 3,951,132 417.517
The receipts of flour and gram at the seaboard ports
week endei April 4 follow:

57,500
21,673

82,400
3,000
2,500
7,600
28.000 36,000
18,362

Bye
fru«A.

21,172
1,500
60:)

3,612

88,500

bush.

,».

5,92>,90l
14,8)2,415

l,8,^»,097

Barley

8,949,395
33,001,176
9,081,165

292,991

7,503,600
9,562.006

2.011,713

14,268,588
20,991,477
6,699.680
1,425,503

7!*2,037

293,117

130.022

5„'>6

1,403

6.Hrj7.tne

1,743 031

XOtal jrraln.... 53,218,817

The exports from
ending April

4, 1S85,

29.147,194
24,620,051
49,680,365
the several seaboard ports for the week

are

shown

in the

afloat ....

Newport News...
Milwaukee
Uulutli
Dj afloat

Toledo
Detroit.

Oawego
Louis
Cincinnati....

8t.

Boston
Toronto
.Montreal

Philadelpbla
Peoria
Indianapolis
Kansas City
Baltimore ...

.

Djwn Mississippi.
On rail
Tot. Apr.
Tot. Mar.
Tot. Apr.
Tjt. Apr.
Tot. Apr.

4, '85.
23. '85.
5. '84.
7. '83.
8, '82.

223,335
7.537
5.157,013
6,241,6;0
2.512,752
1,224,860
llo.ouO
1,879.510
57,848
115.491
341,404
180,037
993.549
3,599
73,600
556,555
1,161,632

833,105

Com,

Oats,

buth.

biith.

1,457,232 1,133,303
525,701 162,953

Barley,

JtW.
buth.

buth

2,194,333
1,113,963
2,252

46,500
3,226
629,996

7,000

10.000
21,198

a.537
66.503
11.700
19,585
147.175
17,683

10,774

27,362
170,300
40,000
428.842
18,073
179,978

86,578
35.000
195,588
86,912

83,918

40,500

130,.'>33

500
2,237
313,889
49,623
66,200
178,773
389,302
398,913
2,248,486

3,801

2723
2.5,<

69.553
11.652
192.948
7,015
15,961
86,752
122.114
44,200

00

3,500
6.997
37,629

15,270
78,399
25,206
106,189
32,793

609
3,064
17,355
....

..

.

598

•••

20.018
3.000

1,508

2,994
18,914
482,500

43,493.096 !0,150,918 3,034.071
43,660,972 9,553,283 3,086,182
27,911.10:1 17.157,066 4, 4no,4,M
22,349.9'.3 lS.22.i,Oi'3 4,057.698
11.732,326 8,4)13,443 1,629,799

.

8.799

......

125,596

22,082

1,030,303 39', 125
1.201,824 359.153
1,353,204 2,0^0.404
1,098.230 1.857,858

933,233

939.088

THE DRY GOODS TRADE.
Fbidat,

p. M.. April 10. 1885.

There was during the past week a continuation of the quiet
tone lately noticed in the wholesale branches of the dry goods
trade, the general movement having been light and unsatisfactory for the time of year. There was a meagre representation of out-of-town jobbers in the market, and their purchases

were chiefly restricted to small parcels of specialties required
immediate distribution. The re-order demand from Western and Northwestern jobbers was of fair dimensions, but
orders from other sections of the country were neither numerous nor important in the aggregate. Business in commission
and importing circles was therefore of limited proportions,
and by no means up to exijectations. The jobbing trade haa
shown very little animation, still a fair diaUibution of tha
for

23, 1884, to April 4, 1885, compare as follows for four years:
1881-5.
1883-4.
1882-3.
1381-2.
Flour
bbls,
3,867,880
3,333,595
3,137,357
4,371,794

OaU

Do

for the

Barley,
bu*h.

15,H9«,7s*2

ChloaRO

1^9,683
377.335

632,917
30.184
n^°^Jl*?Q^— »?:K',?? , 881,680 2,514,251 618,001 117,675 113,132
Oor, week '84.. 243,231 1,023,199 1,051,247
79,400
The total receipts at the same ports for the period from Dec-

Kye

608,669

188»4

1884-5.

BM>.

72,075,502

Whfat

Apr.b.

Buth.
860.663
767.401
•4.061
11,005
4,000

BUMk.
324.U47
173,541

this

4U«. 88, te- .tun. 23 to Aug. 87 to
Apr. 4.
ylpr. 5.

86.253.821
07.070.452

1882-3.

Wfk,
Apr. 4.

558

Jflour.

Ex xirUMnu

5fc.898.01S

1883-1.

1885.

week's movement to our previous totals wa
have the following statement of exporta this season and last

87.619.515

1884-3.

Btuk.
404,495
199,115
5,029

102,005

By adding

7,085,281

Corn

add th«

Oom.

1884.
res*.
Apr. 5.

130

6.502,511

3ej>06.934

-Ipr. 4.

64,098
10,949
9,009
15.169
2,630

13,47!!

15,049

226.492

633,874

1885.
Was*.

Bblt.

.

The

t3.7M
31.173

season:

283 497

1,118,118

2,097,389

8,033

Julii3l*

188i-5
1888-4
188S.8

Wa

WkeaL

1884.
Week,
Apr. 5.

1888.
Week,

Od. KUurdom
Continent
3 *C. Am...

&nc4

•«••

47.740

30il0

of bresdstuffs to

flour.

Oileago
Milwaukee..
Toledo

Bulk.
3,617
•V.Vli

110,338
411,213
455,730

Brit, col's

«M*i»tj at-

47.602

1125

1

rtowr.

market is indicated in the
statements below, prepared by tis from the figures of the New
York Produce Exchange. We first give the receipts at Western
lake and river ports, arranged so as to present the comparative movement for the week ending April 4 and since Aug, 1
(or each of the last three years:

301,503

AM,

annexed statement:

most desirable fabrics was made at regular quotations, and
exceptionally low prices enabled some of the leading local
jobbers to

move

large quantities of domesUcs, printa,

gin^

hams, &c., in package and assorted lots.
Domestic Coiton Goods— The exports of cotton goods from
packages.
thU port for the week ending April 7 were 3,477

.
.

.
.

THE CHRONICLE.

462

including 1,591 to Great Britain, 151 to Brazil, 78 to Venezuela, 76 to Mexico, &c.
Brown and bleached goods ruled quiet
in first hands, and stocks are doubtless accumulating in some
quarters. Colored cottons were in irregular demand, but
some large transactions in tickings and denims were stimu-

[Vol. XL.

—by Western clothiers, at

from 1884

least.

Satinets

and Ken-

by lower prices than ever before known in the history of
the trade, and a moderate business was done in cheviots at
unchanged figures. Light cotton fabrics, as Victoria and
India lawns, nainsooks, &c., continued in fair request and
steady in price, and quilts continued to move in considerable
quantities. Print cloths were in moderate demand and a trifle
dearer at 3 l-16c. plus 1 per cent for 64x64 "spots" and SJ^c. less
1 per cent for 50x603, the appreciation having been caused by a
Bensible movement to stop production at Fall River and in
Rhode Island for one month before July 1, which, if carried out,

hands, and business in Jersey
cloths, tricots, ladies' cloths, sackings and suitings was less
active than of late, while worsted dress goods, flannels and
blankets were in strictly moderate demand by package buyers.
Foreign Dry Goods have participated in the general inactivity, the movement from first hands having been conspicuously light. For choice specialties in dress goods, silks, grenadines, &c., there was a steady re-assorting demand, but linen
goods, laces, embroideries, hosiery, fabric gloves, &c., were
mostly quiet, and there was a light business in men's-wear
woolens. The auction rooms were enabled to offer considerable lines of silks, dress goods. Canton mattings, &c,, but
buyers continued apathetic, and low prices were obtained for
most of the goods sold.

to the extent of one million pieces. It is
that manufacturers of other cotton goods
will also stop production for a time in the near future, because
the prices obtainable in the present condition of the market

of dry goods at this port for the week
ending April 9, 1835, and since January 1, and the same facts
for the corresponding periods are as follows:

lated

will relieve the

tucky jeans ruled quiet in

Importations of Dry Goods.

market

more than probable

Prints were mostly quiet in agents' hands,
but a fair distribution was made by leading jobbers. Ginghams, woven wash fabrics and lawns were in moderate
request, but printed piques continued didl.
Pbint Cloths. The following shows the course of the
market during the week:

first

The importations

are ruinously low.

g 8

~ Si

—

:l

SALES OF FUTUBES.
May.

ApHI.

coco

Price.
C:,

^ 1^ ^ :;

a
o

M«

it^

^1

c; ** CO ^1 ot

ifa-

Monday.

i

Wed'

Dull.

Thursday

8-15

Doll.

!

Price
Sales

....

Quiet.

8'IS

Price
Sales

Quiet.

8-16

Dull.

—
—

Quiet.

315

Dull.

TnoBday
'1

FilteT.

05 01

Price
Sales

....

Price

....

Sales

....

Quiet.

Price
Sales

Quiet.

Dull.

. . .

. . .

....

Price
Sales

Price
Sales

Price 3- 12
Sales 1,000

. .
.

.

Price
Sales

...

...

Price
Sales

...

Price
Sales

. .

...

M 3S

JO

Oi «-

w o:
CO w

.

.UtOMKJM

iP»-

:>•

(^ *-

v"0

o

0-.M

;

;

Monday, 310

;

£

^^

oia **«)':«

CO^CTtO

Tuesday, 310

;

I

©CO
I-

0'>'

I

co;.o<ip

I

O

00 Tfa

C" OS

t;*

-iQoouta

I

I-

V-*,^^"coos
CirO>^ NjCS

O'

-»J >-•

H»

Oil-*

•C

ft'

CCQMM Jl

I

to 10 *» CO to
:j' to 00 '—

o

od;o

Ci irtlo 'xC5
CO iX tf^ :o ;j'

— if Ci«D«
001 — 0^

bordering upon timidity, while their
demands for price concessions and long credits were alino
unreasonable. Some fair orders were placed for heavy worsted
suitings, cassimeres and overcoatings by buyers on the spot
and through the medium of traveling salesmen, but transac
tions in this connection were by no means as liberal as at th
corresponding time in former years, owing perhaps to the
fact that considerable stocks of heavy goods were carried over

O ic

t-3 "-I

I

CM — (^ Oi tow
— QD
H* OD

COWMWOO

CO

"IvbVci'w

^cDMi-'c:

CD Ob

1,000

Wednes-

lOOiCCiOgS

CJilC^CCC Cl
O" J- to -J -I

CS 00 "--CD 01

—

satisfactory to manufacturers or their agents, buyers having
continued to operate in both light and heavy fabrics with a
of

to CO bio*:;"
CD i»
-M

7,950 3,(338 5,959 6,479

»-

DoMESTic Woolen Goods.— The demand for men's-wear
woolens was a trifle better than of late, but by no means

degree

95,091

MM

to

oao

i

-a

005-

> 00

M — WH*^
K)CO

l,0t)O

-^
3-10,

CD to -I

1^

'©'^

Price
Sales

Total

o y to

(c o-

*»

.

.Price
.Sales

Price
Sates

ffli

00 10 O"

1,000

»**

I** rf^

^j-j woutoqfc

u

O

»<*•

.

Price
Sales

...

tK

'-'

K M OS to 10
M
c

OOtUWOOS

o>

CO

Transferable Notices — Saturday,
day, S°10 Thursday. 3- 10 Friday.

HMM

-

^5

W
O
- t^ XJ
M q: QD O 03
:;

K. i:

MJ1

.Holiday.
i

S

:

1

tOCJ

tc
t5

BatUTday.

§

:

:

:

to

on

Spots.
Toiie.

it:;:

%'•

1

COTTON

aXCHAXGE

li
2:

s;

g

t-Cl

c;<

o

z:i -.o

caution

(Comintvcivd

&

Co.,

Manufacturers and Dealen In

COTTON SAIL DUCK
And all

kinds of

COTTON

CANVAS, FELTING D0CK, CAB
COVERING, BAGGING, BAVKN8 DUCK, SAIL
TWINES, &C., "ONTARIO" 8BAMLES8
BAGS, "AWNING STRIPES.
Also, Agents

UNITED STATES BUNTINC
A full sapply, all Widths and
No. 109

Colors,

Daane

^ways

00 03 CO

CO.

<C-4

00 to CD CM

O

Eugrene BEARS Cole,
R.
& com,
Buppltes Banks, Bankers, Stock Brokers and CoN
poratlone with complete outfits of Account Books
and Stationery.
t3r New concerns orKanizLng wlU hare their orders promptly executed.

Wo. 1 WII.L,IAM

STREET,

(HA3<0r£S SQUABB.)

ClO'

OJ

SELLING AGENTS FOR
Geo. H. Gilbert MlR. Co.,
Arlington .mild,
Freeman I*Ili^. Co.,
Uenl'rew Mljj. Co., James Phillips, Jr.
Fltflibiirg U'orsted Co.,
George AVliltney, Continental mills,
I.iueolu ITIUls.

BOSTON, 31 Bedford Street.
vnRir5 5S & 60 Worth Street, and
lUUK-igg ^ 37 Thoiuas Street.

VFW
"

Fabyan &

Co.,

York, Boston, Fliiladelphia,
SELLING AGENTS FOR LEADING BRANDS

BROWN & BLEACHED SHIRTINGS
AND SHEETINGS,

AO.

Towels, (tiiUt8,Trbite Goods ic Hosier j
Dnlls. KherAingt.

<tc..

for Export Trtule.

JOSEPH CI LLOTTS
: STEEL PENS
Soto Br ALL DEALERSTHRouoHoin-THE
,e01.D

*>• or.

O J' — ^IOO*

H-CCUOi^

&

FRANKLIN
NEW YORK.
88

St.,

&
15

Motley,

Chauxcev Strbet,
BOSTON.

AGENTS FOR
Co., Atlantic Cotton mills,
Clilcopee mfg. Co., Peabody mills.

Ocean mills

Saratoga Victory mi Co.,
Ellertou Kew millK, Wliite mfg. Co.
Uncasvllle mi'g. Co.,
ITnderiyear and Hosiery mills.

BuUard
119

&

Wheeler,

MAIDEN LANE,

BAGGINO

NEW YORK.
AJin IRON TIES,

<FOR BALING COTTON.)
Agents for the following brands of .Tnte BaAffliUi
' Kasle Mills, ""Brooklyn CitT,""Geori!ia,""Carolina/'
"Nevlns, O." "Union Star." "Salem." "Uorlcon Mills."
" Jersey Mills " and " Dover Mills."

IMPORTERS OF IRON

TIES.

BAGGING.
IVARREX, JONES & ORATZ,
ST.

LOUIS, Mo.

Manufacturers' Agents for the sale of Jute Bagging.

lUPORIEIiS OF

WO R LD

MEDAL PARIS EXP0SITION-187B,

OjCDOOai^

Joy, Lincoln
86

'^

Bliss,

O — 00 c w
-K —

O

(£>ommtvcinX ©Jtvds.

©avjfls.

Sl'CCESSOH TO

STATIONER ANO PRINTER,

as -J

coccooco

BrownjWood& Kingman

Street.
1855.

it.CH'OiO

S; )^ <& t^

tOfC*.-gc:5,T

PRINTS, DENIMS, TICKS, DUCKS,

ESTABLISHED

WW

ODOrO
c;ooDp-to

— uiw
MO:plCjD

New

In stock

tvV

M

tota

&ommtvcinl

©arxXs.

Brinckerhoff, Turner

CJ-

IROPi

COTTON

TIES,

APiuL a,

ibso

THE <HK(jMUL]i:

1

Insuvance.

The United

Insurance Co.
NKW VOHK,
(OHUAM/KII IN

i!ttl,

2»2

Co.,

Insurance

N£V( YORK, January

24. 1885.

The Tni8t«<"«. In oonfornilty to the Charter ol
the Coiiipany. Bubi»lt the foUowlnir Statement
of Us allHirB on (ho 3l8t Uiioeiuber, 1884:
Premiums mi Marli e Risks from
l«t January, 1884, to Slat Oe$3.9ft3,039 44
oemlicr. 1P84
off 1st

1.447,756 70

Marine Premiums

Ty>tal

Premiums markeil
January. 1884. to
ber. I8i4

$5,403,790 14

Geo.

ilurtntc

York.

OAFKNKY.

Home

Office.

Beturnn of Pivuiums uud Kxpenses

Paym'ts to Policy-holders
for Death Claims. Endowments, Annuities, Surrenders and Dividends
«476,9«St)8

4IO,OCO0O

Company. eM^in•u^-d at
Premium >i>l>-k nml Bills

Ke-

1,454,959 73

celvaule

CashlD Bank

261,544

6.5

13

»e.<i(l,l4n

lleo at. '»2. Dec. SI, 'Hi.
» 17. 167.105 00 $19.70l),s<l4 00

In force
Interest due and unpaid on Total Assets, Decern-

NONK.

$12,S3d,280 38

SIX PfcK CENT INTEKESr on the outstand-

MUrUAL^BEN^ FIT
LIFE INSURANCE COMPANY.
-

.

K. J.

-

•

Assets (Market Values)
I.lnbilitiesM per cent Keserve)
Surplus
SurpIu8(.New V.irk St.ilidardt

THE OUTSTANDING CERTIFICATES

»3«.mn.3lll »i
3S.f57.Har "0
8.757.4DI (12
5.411,211 £0

..,.

FOKCK as lonjj as it.H value « III pay for; or, If preferred!, a I'ald-up policy for its full value is issued in
e.xchanKe.
After the third yeiir Policies are incoxtkstablk,
except as asainst Intentltmal fraud; ontl till restrictinjis <ts to triirel tif oti H/.i^t./i .ire removed.
xteiit of 50 per cent
C.\-<*u 1.0 -VNs are 1^
ussiiinments of the
o( the reserve valin
il security.
I'ollcies can be niii'i
Losses paid iimhtu..oi-.,. L.,.ouuomplellou andapIircjval uf proofs.

certiiicates to

be produced at

the time of payment and canceled.

A DIVIDEND OF FORTY PER CENT

THIKT V-FIPTH YEAR,

is

H. OHAPHIAN,

Secretary.

Company

Life Insurance
OF

YORK.

yt'n-

New

&

158 Broadway.
1.>G
York.
Old and tried. >'i!i'I. i-onserv:itivo, economical. New
form of ooiicy- pi
incontestable, nouforfeltahle. Non-r
'.cry tow rate policies
lofonuatlon and
11.

a;:eiieies.

STOKES,

Presidenl.

WEMl'LB. Sco'y. J. L. HAL3BV. Ut V. Pres
8TEBBINS, At'y. H. B. STOKES. Sd V. Pres.

H. Y.
N.

Edmund W. Corllee,
Adolphe I-emoyne.

A. A. Raven,

Wm. Still sclB,
Bet^umiii H. Field,
Josiah O. Low,
Horace Gray.
WiiUaui E. Dodge.
William II. Macy,
C. A. Hand.
John D. Hewlett.
WllUam H. Webb,
<:harleg P. Eurdsti,

TOaN
I

D.

Robt. B. Mlnturn.
Charles H. Marshall.
WilUam Bryce,

John Elliott,
James G. De Forest,
Charles D. Leverich,
Thomas B. Coddlngton.
Horace K. Thurl>er,
William Degroot,

John L. Rlknr,
N. Denton Smith,
George

\.

A.

Bliss.

Henry

E. Uawlcy,
William D. Morgan,
tsaao Bell.

JONES,

President.

llARLEP DENNIH.

W. H. H.

MOORE,

RAVEN, 3d

c.

Hopkins.

CHABLK8

Vlce-Prigldant

United S at>».Securities
t2I8,5flO
Bank Stocks of .New Vurk City Banks.
B0.()3n
City and oiiier Stocks and Bunds, Loans
andCH.-h in Banks
S47,l(«
Premium Notes, ash Premiums, Ke-lng7,SS3
suranceand utcr Claims
.

.

PEARL STREET,
NEW YORK.

Assets. .lanuary

Cargill,
COTTON BROKERS,

AUOVSTA, GEOROIA.

!f(C.

TO ORDKK

for

SPINNKRS

I.

31

.

John C. Graham

BANKERS
AND

WAl-NWICiaUTllAllOlE,

Co..,

8ELMA. ALA.: MONTGOMKBY, ALA.
Buyers of Cotton for a Commission. Order* for Fm
ture Contracts executed in New York and LlTarpod

.4

CO.

MUTUAL
CO.

OF

F. S. W1.\.-^10N,

JOB.« M. EWElf.

WAIUIKN EWEK. Jr.

Ewen

COTTO

Brothers,

BROKERS,

:«

& 33 Broad

Noa. 31

NKW

YORK.

CLISBV &

II.

U!tl.T

ON ORDEBa FOB A CollMHWOa

&

Farrar
133

Jones,

PEARL STREET, NEW YORK.
made on Cotton oonsliraneaU
alven to orders (or ojutraots for
Coltim.

Liberal advances

future delivery

.if

PARR A R

El' RE,

NOR FOLK.

LIFE

CO.,

nONTGO.nERY, ALA.
tTR CHABE

dpecliil alleii(i«'ii

NEW

Street,

COTTON BUYERS.

V.l".

THE
INSLKANCE

&

COTTON COMMISSION MERCHANTS
No. 19 So. WUIlain St., New York.

»74.S.9CI 7»

I8H5

Sy This Company issues CertlQeales of insurance,
i.nNDON, at Its Bankers, Messrs

BROWN,

and

Correspondence Soucited.
Refkrexces.— National Bank of Aninuta, 6*
Henry Uenti A Co.. Commission Mercbanta, N««
York William B. Oana i. Co.. Proprietors CoMMnbciAL i, Financial Cbkosxcli. and other New Tort

43

lO'ses payable in

SUii'LKi

COTTO
EXPOBTERa.

Entire attention glTen to purchase of

W. lUVINiilOMKS, President.

King.

m

&

Alexander

00
00

t

ToUl

HoPKora Biora.

Ltrcitr*

D. MlLI.CB.

Orders for KuTtmc CoNTRArra Rzactmo
New York and Livekpooi«

JOHN

V

4c

141

PF.AKL

ST.,

CO.,

\.

4enry M. Taber

YORK.

&

Co.,

.NEW YORK.

Pr^sidbDi..

ISSUES BTfUr OESCRIPTIOX OF

,1

\,\

itit

('<)niiUinti>«">ifi •)!

<*o(tir

'

"O-

LIFEA EblDO WMblNT POLICIES
Rates Lower than other Companies.
OKfiANIZKD APRIL 14. 1812.

2d Vice-President.

Vlo»-PrMldent.

134

No.

INSURANCE COMPANY,
& 59 WILLIAM STREET. NEW YORK.

HENBY D.

and mS»9t

Hopkins, Dwight & Co.,
C O T T O X
COMMISSION MEKCHANTS

COMMEKOiAL MUTUAL
.

James Low,
David Lane,
Qordon W. Burnham,

^

Special attention Elven to tre purcliaM
r'nture Coi. t racts .

.

-articipatinK ordinary
v...wur values, write for

ASSETS.
I). Jones,
Charles Dennis,
W. H. H. Moore

NEW YORK.

No. 61 stone Street,

'

.

Issued, as well as t !;
rate policies, l.ibci..:

57

TR V STB ES:

Co.,

Housea.

jnAKINE AND INLAND INSUUANCE

V;e Board,

&

Broken

!

MANHATTAN
i

declared on the net earned premiums of the
Company, for the year ending 31st December,
1884, for which certificates will be issued on
and after Tuesday, the Fifth of May next.

J.

Robert Tannahill

t

of

the issue of ISSO w 11 l>e redeemed and paid to
Che holders thereof, or their legal representatives, oii and after Tuenday, the Third of Febmat7 next, from which date all interest thereon

noAKIl OK TKAUK.

ColiItK8ro.SlJE.\Tfl

Messrs. Hmltta. Kdwards & Co.. Cott<in
Liverpool.
Messrs. Samuel II. Buck A Co., New Orle

Prosldoiil.

-

Policies AI'Holulely Noii-Forfeltable
Arter Second Year.
In case or lacsk the I'olloy Is continukd ix

ing certltlcatt-s of prohts will l>e paid to the holdem therev/f. or their legal reprpsfu'atives. on
and after Tuesday, the Third of February next.

J.

YOIIK ItODl (K KXCIIANOM tm»

the CIllCAIill

ansTArrs

'

By order of

NKW

mitt

AKD rKUVIMOniS

Cotton Commlsfiion Xerchuita,

'

Amount

FEE

F

4»

Insurance Written.... •,«ftl.«l I 00 »1M11,4K8 00

AKIZI DODD,

otherStocks
*8,776.6i5 00
Loans secured ^y Stocks and
otherwise
2,0C5,UO 00
Real Kbtate and Claims due the

The

at the

1884.

188S.

]%K\VARK,

Asjiets, vli.:

DKUrSKT

TTO

Comparison or Bdsdiess.

«78",78'J 40

The Company has the roUowlnt:
Cnlted States a/d Stale of New
York Stock. City, Bank and

New York.

KL'TI'IIK

althoNKW YOIIK COKKRK KXCIIANOB,

VHAI.\

BiMtroiui, AoliuuT.

nt..

KOR

<»
,%
at the NKW VoiiK. I.IVKUI'OOi, AND NBW OftI.KANHI OTTd.N K.XI II ANfiKX, AIM ar<t«n fir

Kumt<

the

*2.1U9,919 20

will c«ase.

Oni>KII'4

C

WUEKLWSianT, AntBar.

uperlntendent uf Amocles. at

berSI, 1884,

Loasea |>al(t
period

II.

Insnranee

$1.0je,'271 C4

urilllam

M Suiiili

KXrCUTK

Alt the pioflts belonfi to the polloy-hnlders ftxoluslTvly.
All l*<illcles hgncefiirth inKued are Inoimtestable
for any raui<e after three yi^r*.
Deulh Cliil.iia piild Ht oricMM wlon as iatiatHOtur>
.•roofs Mre received at the Home Office.
Absolute seeurUy, cemblued with the tanrest llt>erallty. ussurcH the pupuljirliy and sueeeAn uf this Co.
All term i>r 'rnntlne I'Dltcles Issued.
0(X>u AOKNTs, desiring to represent the Comganj. are Invited to iiddress J. 8.

New

from Ist
Slst Decem-

off

O.M

C

New

&

Co.,
M IHHIO.V .HEUCH ANTS*

H. BKOS.NAN. PruldWIt.

C.P. FKALKinu.Sec'y. A.

marked

January, 1884

(

IHBO)

i>«» Itroailn-ny,

»i

T.

Henry Heiit/

States Life

TIIK OITV OP

IN

ATLANTIC

Premiiiuia on PoUt les not

Cotton.

Snsuviince.

OFFK'K OK THE

Mutual

fii

Ae.sets,

S 103,870, 178 51

James

V.

Wenman&Co.,

COITON
No. 113

Bl.

PEAF^.

.^f

KslntillshMl (In lunlii.t^

N. Y.

THE (CHRONICLE.
Cotton.

&

Woodward

(Apbil

BXisceUancotvB,

©xrttott.

MERCHANTS,
& 1 8 Exchange

INMAN,SWANN&Co
COTTON MERCHANTS,

BPXCIAL ATTKNTION TO OUBEHS FOR CONTRACTS
roB FtrroRE Delivery of Cotton.

A. C.

&

Nos. 2

—with Interest upon balances.

New

Koonuntsof

and

Phenix Insurance Co.
OF BROOKLYN,

MAYHOFF
COTTON BUYERS,
IdEinPHIS, TENN.

NEW YORK, NEW

statement if

ORLEANS,

Reserve for unearned premiums
Reserve for unpaid losses...
Netsurplus

..,

COMPANY OF STUTTGART.

COTTON FACTORS

&

Schroeder

CROTTEI^I,, President.

HOME

Paid-Up Capital, R. M. 6.000,000.

AM)

COMMISSION MERCHANTS, G.

87

WM. R. CROVVELL, Vice-President.
PHILANDER SHAW, Secretary.
WM. CHARTERS. Assistant Secretary.
FRANCIS P. BURKE. Sec'y Local Dep't.

M. 20,000,000.

Aiitl orized Capital, R.

fl?

*4,342,430 as

STEPHEN
N'

2,3iK).965
287^Hi!7

(H0,991 18

AGENT FOR

COT 10

& Gwynn,

195 Broadway, New York City.
Company 1st Day of Jan., ISS-I.
tLOOO.OOO 00
CASH CAPITAL ..
Office,

G. E. Staenglen,

GliafDELir~&

Fielding

I.N VESTMENTS
COUNTRY BANKERS.

Special attention paid to

Vork.

CHARLES MAYHOFF.

STONE STKEET, NEW YORK.

4

Persona] attention given at the EXCHANGES to
the purchase and sale of STOCKS and BONDS for
cash or on margin.
DEPOSITS RECEIVED— suhieot to check at sixht

WANTS

von Gundell & Mayhoff,
COTTON BROKERS
VON

Sons,

BANKERS,
14 NASSAU STREET, NEW YORK.
RKANrw OFi'TriiHjlS'.i Chapel Street, N. Y.,
BRANCH OFFICES {^j^„ ChurchSt., New 11a vea

LOANS MADS ON ACCBPTABLE SECURITIES.
Cash Advances Made on Conslgnmenls,

VON GUNDELL.

P. Batch.

Arthur M. Batch.

W. T. Hatch &
Place

NEW YORK.

COTTON. ALL GRADES, SOITABLE TO
OF SPINNERS,
Offered on Terms to SniT.

Benry

WaLUr I. Batch.
NalhU W. T. Hatch.

Stillman,

Post Building, IG

11, 1885.

Co.,

Insurance

Company

WARE & SCHROEDER.
OF NEW YORK.
COTTON COMMISSION MERCHANTS,
OFFICE 119 BROADWAY.
POST BUII.DINCi,
»3,00n,nflO
CASH CAPITAL
2.S47,56o
Reserve for Unearned Premiums
16 & 18 Exchange Place, New York. Reserve for Unpaid Losses and Claims. 4 5,708
Successors to

1

6

and

1

Exchange Place,

S

NEW

POST BUILDING,

Gwathmey &

YORK.

Bless,

Netsurplus

COMMISSION MERCHANTS,
PEAKL

No. 123

vtfllonB in

Liverpool

New

NEW

flelivery of

Orders for future

New York and

ST.,

:

Y'ORK.

Cotton executed

tn

New

.

&

Co.,

merchants.

OLD SLIP,
NEW TORK,

NO

12

ANB NORFOl^K,

VA.

TSf Special attention triveii to the execution of orders for ttie purchase and sale of Cotton, Grain, and
Provisions for future delivery. Orders also executed
on the New York Petroleum Exchange and Stock
Board. LiberuJ advances made on cousiKumeuts.
Fergus Reid.

Theo. H. Price,
Late of Eure, Farrar k Price.

&

Reid

Price,

Montgomery. Ala.

Orleans, La.

EXCHANGE PLACE,

No. 40

XEMBERS OF TBE OOTIOS, COFFEE AND
PRODUVE EXVUASOES.
Up-town office, No.

New York.

WU. MOBH.

H. W.

Merchants

advunces made on Cotton consignments.

Hanemann&

123

pearl

New

ST., 186

& Wakelield,
cotton
Coiunitssion Merchants,

(jeiit-riil

84 Beaver
Liberal advances

St.,

New Vork.

mudo on

cotton conBiiinments

jpeci- I attention i^lven to orders for contracts fo
'*iturH aellvery of ontt tn
<

Geo. Copeland

&

January
tor

NET SURPLUS

Orleans, La.

OF

ORDERS FOR FUTURE CONTRACTS.

JAS. A.

North
&

{3

COTTON BROKER AND AGENT
S8 RDE UK LA KOi; RSE, ll.\ V K E.

Dennis Perkins

&

136 Pearl Street,
Orders for
ii9caied

t'pot

New

Cotton and

Vork.

Futures

Agent.

British

Mercantile

Co.

Ins.

LONDON AND EDINBURGH.
U. S. Braneli Statpiiieiit Jan.

1,

1885.

$3,301,747 81

—

LIABILITIES:

COMMISSION MERCHANTS,
17 Water Street, LlVEUPOOIi,
ftecelTe conpijfnnientB of Cotton and other Produce
4nd execute orders at the BxctaanKes In Liverpool
Hapreaented in New York at the ofliee of

BABCOCK,
Nassau Street, New Vork.
SAM'L

32

85

Orders

I).

Reserve for Unearned Premiums
Reserve for Unpaid Losses
Other LiabililiBs

Net Harplus

.I,»a4..'>.'>5

&

Tainter,

COTTON MERCHANTS).
97

»»»r*"lll.

^TUI'KT.

1841.

Clienper Uian Beef.

A Superior

Ilain or Piece of Bivalffaet Bacou.

Losses paid In U. S. in 18 years ..$13,'^ 10,33'^ 00
U. S. BKiNcn Ofi-ice, 54 William St , N. Y.
CHAS. E, WHITE, SA5I. P. BLAGDEN,

Maungere.

JAS.

F.

DUDLEY,

Siipt. of

Agencies.

KyOfmnercial

Cjnton Ins. Ga

1841,

{OF LONDON.)

44111

YEAR OF THE

CELEBRATED
S.

h7

$3,.30:.747 81

Futures" executed at N. Y. Cotton Exch.

Waldron

prompth

$1,153,003 35
17»,379 H7

^^.*i-iii'*J2

WILLIAM STKEKT. NEW YORK.

in "

Co.,

COTTON BROKERS,

New York.

St.,

ALEXANDER,

Invested and Cash Fire Assets

Fellowes & Tileston,
STREET, NEWYOICK.
COTTON, STOCKS, RONDS, &c.,

COTTON BROKERS,
IIEAVEII STREET, NEW VOiCH.
F. Hoffmann,

$3,964,490 S5

Of

Co.,

WALTRR&KROHN,

2,019,026 85
4,UOO,000 00

Cajdtal

COTTON BROKEK8,
114 PE.IRL

$9,013,517 40

1, ISfcS

unpaid losses
and re-Insurance fund

Llabilltlee

GRAVIERST.,

New

Torlj.

Company

OF HARTFORB.

Co.,

Special Attektion Given to the Execution

solicited.

Tuttle
VBd

Insurance

No. 2 Cortlandt

Mohr,

»7.395,090 58

HANEMANN.

Special attention given to the sale of cotton to
arrlTe or in transit for both foreijfn and domestic

Correspondence

1885

iETNA

,

Agsetfl

Orders e ecuted at the Cotton Exchanges in New
York and Liverpool, and advances made on Cotton
and other produce consigned to us, or to our correspondents in Liverpool, Messrs. B. Newgass & Co.,
and Messrs, L. Rosenheim & Sons.

1,

CHAS. J. IHARTIN, President.
J. H. WASHRVRN, Secretary.

Co.,

& Commission
NOUFOLK, VA.

Cotton Brokers

DUkTkets.

Cash Assets, Jan.

Church street,

204

01

W

1,141,728

Co.,

commissiON iuerciiants,

also for Grain and Pro-

Rountree

Lehman, Durh &

Co.,

LEHMAN BRO'S,
Cotton Factors
AND

York.

x;o!naiis6io\

lilberal

Lehman, Abraham &

UU
00

DAVIS,

ALFRED

DIAMOND HAMS.
.Ir.,

Ciiuiiiiiali.

PELL,

Resident ^lanaatr.

Cor. Pine

& Wiiliani Stf

A


Federal Reserve Bank of St. Louis, One Federal Reserve Bank Plaza, St. Louis, MO 63102