The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
HUNT’S
representing
the
MERCHANTS’
industrial
VOL. 40.
MAGAZINE,
and commercial interests op the united states.
NO. 1,033.
SATURDAY, APRIL 11, 1885.
The subjoined statement exhibits the exchanges at all the
cities for the month of March and since January 1 in the two
Chruniele.
The Commercial and Financial Chronicle is
New York every Saturday morning.
[Entered at tlie Post Olliee, New York, N.Y.,
as
published in
years,
with the percentage of increase or decrease in 1885.
comparison is
February.
The
a
little
favorable than at the end of
more
second class mail matt er.]
'Three Months.
March.
Terms of
Subscription—Payable in Advance
0 10
Annual sulncription in London (includiiur postage)
do
Six Mos.
do
.
do
New York.
...
1885.
$
$
2,012,757,9.20 2,875,155,138
-80*0
6,098,312,150
9,225,773,700
203,707.538
15,920,800
-0*9
-3*0
791,270,069
4,214,380
3,344,803
-0*8
4 7*0
£2 7s,
£ L 8s.
These prices include the Investors’ Supplement, issued once in two
mouths, and iurnished without extra charge to subscriber of the
Chronicle.
WILLIAM II. DANA A Co., Piiblialiera »
WILI.IAM H. DANA.
70 A 81 William Street, NEW YOU It.
JOHN G. FLOYD.
Post Office Hox, 058.
1885.
1884.
$
$
261,354,441
Boston
Providence...
Hartford
New Haven..
Portland
Worcester....
Springfield
P.Ct.
P. CL
i
$10 20
For One Year (including postage)
For Si * Months
do
15.456.4U0
5,875,511
4,179,868
3.578,180
2,08-5,759
3 058,705
7,054,123 -10 71
1,070,758
1,950,170
297,800,022
302,32 7,875
180,411,109
27,817,022
...
Lowell
Tot. N. Eng
1884.
43,751,150
19,28<>,275
13,380,789
10,573,740
3,078,4419 -12*7
8,487,118
3.05O.882I 4 0-3
14*3
9,240,593
5,727,5.5
-1*5
—
-33*9
822,138,523 —3*8
55.547,900 -12*2
23,331.231 -17*4
13,778,489
-2*2
10,717,990 -1*3
9,01*7.07? -125
0,915,434
0,525,504
-6'8
-«*
900,711,895
951.452,148
-4*7
535,409,3°5
82,520,004
152,527,048
077,307,893 -20*9
133,381,087 -38*1
161,223,910 -5*4
CLEARING HOUSE RETURNS.
Philadelnliia.
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 28 in the aggre¬
gate reaches cnly $5,600,885, and this is wholly due to a loss of
$20,644,731 at New York, for excluding that city an increase of
$15,043,846 is exhibited. Twenty-one cities record clearings in
excess of a week ago, and of these six have larger totals than
in 1884. New York Stock Exchange share transactions reached
a market value of $48,551,836 for the five days this year, against
$108,525,660 for the full week a year ago. Outside of New
York the decline from 1884 was 21*8 per cent.
Baltimore....
52,097,282
212,890,870 -15*3
46,2t43,»547 —399
50,831,266 +25
Tot.Middle.
200,325,413
309,991,783 -100
770,523,047
971,913,790 -20*7
100,325,073
35,4 42,100
13,454,982
10,408,541
4,500,081
7,307,858
5,509,107
3,037,098
180,823,360 -14*2
39,036,800 -100
1+*222,080 +1'8
10,651,723 —2*3
0,097,975 -25*2
8,020,687 -8*1
5,439,067 +1*3
490,182,116
107,01 .+950
44,011.717
30,117,948
3,940,651
—7*7
22,544+286
15.889,707
9,041,573
5^8,460,397 -12*7
114,442,300 -6*5
48,305,448 +1*0
31.020,815 —57
19,978,447 -2+9
24,504,349 -8*2
15,788,040 +0*0
Tot. West..
240,704,840
273,832,355
—121
740,599,089
830,402,053 -10*8
St. Louis
Sr.. Joseph...
New Orlean*.
Louisville
Kansas C ty.,
00,021,012
3,044,983
-19-6
-14*5
+ 14*0
180,800,990
7,545,507
115,227,908
53,529,584
47.125,815
216.909,721
10,149,219
155,772,808
50,383.400
36,807,859
7,027,253
74,677,042
3,360,428
44,890,1*25
20,451.158
12,360,283
6,260,492
+12*2
21,551,422
18,537,427 +16*3
133,614,208
161,999,528
-17 4
425,781,281
494,500,489 -13*9
45,009,839 -3*4
139,072,373
138
Week Ending
1884.
1885.
New York
Week
April 4.
Per Cent.
$416,524,824
$090,810,011
-397
(872,483)
(341,000)
(25,468,900)
(18,792,000)
(1,593,550)
(027,000)
(42,770,000)
(92,473,000)
(-45-3)
(-74-0)
(-40*5)
(-79 7)
Pittsburg
Ending Mar. 25.
(Grain., .bushels)
(Petroleum..bbls.)
$50,034,493
$71,902,147
-2P2
Providence
3,253,300
4,440,200
-20-7
Hartford
New Haven
1,355,874
1,390,323
1,080,089
883,793
-23-5
-232
813,305
—20-0
090,023
-10-5
£01,314
-20-8
Boston
834,491
Springfield..'
921,909
050,403
017,822
Lowell
360,747
Portland
Worcester
Total N.
England
Philadelphia
Pittsburg
'....
Baltimore
Total Middle....
Chicago
Cincinnati
Milwaukee
Detroit
;...
Indianapolis
Cleveland
Columbus
Peoria
Total Western...
+4-3
...
Indianapolis..
Cleveland
....
Columbus.
Peoria
...
Tot. South..
Total all....
$437,109,555
—284
(1,793,980)
(-*-ll*5>
(207,300)
(39,472,000)
(52,486,000)
(-604)
(-35*0)
$52,680,023
-00
2,991,500
1,247,006
795,015
704+32
502,155
593,140
275,775
-51
~
-7'2
-320
Sh'r’sof stk
|
$59,853,241
$57,954,754
-28*2
$42,372,783
r-4‘9
11,173,251
13,850,018
—48-0
6,502.255
—38-4
-2P4
11,853,585
+5-9
$82,978,023
-29-8
$01,228,023
-8A
Total value
$40,083,763
7,842,000
2,800,271
2,229,101
1,071,814
1,722,660
1,411,820
$51,103,773
8,585,300
4,249,513
2,701,008
1,543,555)
2,104.956
1,318,437
-198
-19-1
-193
$33,771,013
7,206,2'0
2,792,204
2,032,199
-304
1,030,549
—100
-18-2-
-22-5
4 7-1
1,423,256
1,191,740
923,384
8M2.G39
4-109
745,830
-3-0
$58,9.88,413
$72,504,245
-18-6
$50,253,047
-17*5
$13,883,962
$17,941,937
737,980
8,797,277
0,002,967
-22-6
$13,679,547
-170
$41,598,135
5,743,907
10,880,473
$58,222,575
_
-8-6
-34-1
—12-0
—24*5
-93
Quantity
745,242
5,899,522
Louisville
Kansas City
4,970,550
8,443,393
Memphis
1,450,8:8
Total Southern..
San f’rancisco
Total all
+1*0
098,790
+18-7
6,703,980
—31 9
-172
3,471,132
—140
2,912,442
+170
1,884,093
-23-0
3,216,384
1,594,250
+160
+6-2
$30,393,536
$33,307,596
-20-7
$29,309,089
-10-6
$11,702,805
$10,521,913
+1T8
$8,243,482
-29-8
$040,520,752
$977,341,582
-345
$640,127,637
-239
+28*0
580,909
+0*4
9,081,000,935 12,612,713,101
-280
2,982,088,835
3.380,909,395 -11*8
Aver' cc
Price.
Par
or
Value
Qua)itity
Actual
Value.
Average
Price.
1406,511,933
2,630,022,084
$920,405,425
up
from telegraphic
returns, is as follows. Last year's figures for
Philadelphia and
days, made
Our statement for the five
Baltimore embrace
only four days
Five Days Ending
New York
Sales
of Stock (shs.)
Philadelphia
Baltimore
Gld oji go
St. Louis
Total
Balance, Country*
Total all
Outside New York
*
Estimated
on
:
April 10.
1884.
1885.
+11-5
—329
-16*8
-25*7
-200
-5*1
0 537,548
21,084,808 1,280,318,985 69*3
07-2 i
1+56,352,010
+'05,140,44)0 )
$00,053,400 08*0
$97,225,900
$21,375,808 73*2
$ A), 19 7,800
$3,7*48,505 120 4
$3,130,AM)
8*481,000
$795,502 110*8
$479,459 37 7
53*0
$1,271,700
$80,021
$137,500
$2o9,858 112*2
$207,145
$76,130 105*9
$71,900
850,4432,000 $052,493,4:92 76%c
353,530,000 8283,843,885 80 1 3c
4,525,400 $257,104,130 $56 81
1,527,700 $87,053,410 $50 98
453,317,060 $302,903,935 80 4rl0C
154,170,067 $120,728,130 78 l-3c
Boston
St. Louis
St. Joseph
11,905,851 -19*6
Three Months.
Actual
Value.
Par Value
or
-2T4
-69
—24'7
March.
Description.
-24-0
-22
-9*4
—29*0
976.00)1.915 1.093,160,880 -10*7
-9-2
—53
$82,213,794
.
2,988,704,835 3,968,316,018
15,190,282
We have brought down for another month our compilation
exhibiting the sales on the New York Stock Exchange of rail¬
road shares and bonds, Government bonds, State securities,
and bank stocks, with the amount realized and the average
prices; also the transactions in petroleum, cotton and grain
options at their various Exchanges.
HR. bonds...
Gov’t bonds.
Sl’te secu’t’s
Bank stocks.
Pei l’Tin.bbls
Cotton, bales
Grain...bush
$04,034,599
43,495,772
San Francisco
O'Rs'rto N. Y.
(-232)
31,879,480
17,478,579
14.162,961
Memphis
PerCent
1885.
Sales
of—
(Stock*....shares.)
(Cotton
bales.)
Chicago
Cim innati
Milwaukee
Detroit
-42*4
End'g April 3
1885.
Per Cent
-35*8
—11*3
$375,593,574
(603,677)
46,489,905
81,048,904
8,297,908
34,539,180
11,609,200
$091,253,949
61,407,642
-34*2
|50 7,569,731
-33*5
-18*6
45,083,272
-20*6
$752,721,891
—329
$552,053,003
-32*0
$217,695,004
—9*0
$177,059,'429
-24*5
$308,127,722
(955,117)
52,601,983
38,474,272 '
9,964,S57
32,404,000
13,275,177
$535,020,887
(749,055)
50,420,824
$454,908,011
50,021.102
$504,989,113
$190,801,391
Per Cent.
Five D'ys
33,574,993
8,937,832
42,325,000
14,962,413
the basis of the last
(+27*5)
—6*7
+14-0
+11*5
—23*3
weekly returns.
(-52*9)
-22*4
—37*1
-20* 1
-18*8
-2l*0
THE CHRONICLE.
436
[Vol. XL.
why Russia, if prices advance, may not also market the
of her crop through Austria and Germany.
THE FINANCIAL SITUATION,
these facts, about all there * is to say
The past week has been conspicuous for the quietness Against
which has prevailed in almost all business circles.
One is, that in the United Kingdom the visible stock is
smaller than last year, the amount at London and Liver¬
exception should be made, and that is our breadstuffs
markets, which have shown no little activity and many pool being about six million bushels less. Of course in
variations in price, due mainly to the varying phases of case of war there will be an advance high enough to cover
remnant
profit on production; but after reaching that point, if we
run away from a market wtc are very likely to repeat
our
Russia, but in part to the persistent claims of damage to
the
winter
wdieat.
Of course, if the inference folly of 1SS3.
Besides, though war-seems possible and perhaps we may
from the latest foreign advices, which look like war
actually begun, is fully sustained, we may' con¬ say probable, it is as yet by no means certain. Russia has
a
fidently anticipate
fair price for our food gained her point and appears to be the aggressor, but is
products. But ought not our people to be cured by this ready to prove that the fault for the affray lies with the
time of the notion that America can corner the world’s .Afghans and to apologize; in fact, the British Ambassador
wheat supply. We tried it under better circumstances than at St. Petersburg telegraphed to London at once “ that M.
now prevail and failed;
and yet the old hope seems to be de Giers, the Russian Prime Minister, had expressed for
himself and for the Czar an earnest hope that this
perennial among our grain dealers and a dollar a bushel
unhappy incident might not prevent the continuation of
at Chicago is the present dream; hence every time wheat
the negotiations for peace.”
If, therefore, the Gladstone
goes up 3d. per quarter at Mark Lane it goes up 5 cents or
Ministry is as easily satisfied as it was on the previous
more a bushel here.
As far as this confidence arises from the unfavorable occasion, the boundary rectification might still proceed,
\Ye acknowledge that in the present temper of * the
crop advices which have been current throughout our winter,
wheat States, the week does not fully encourage it.
Only English people such a course does not seem at
Yet there is a doubt on the point and a
within a very few days, has it been possible to know the all probable.
effect of the spring weather on the fall-sown grain, but further doubt as to the length of the war if declared—uncer¬
tainties which, with the facts given above, and the likelihood
now from several points the report comes, that the start
is surprising the farmer who had pronounced the plant that in these days of cable communication the effect of
winter-killed. These hopeful promises, however, do not the worst view is speedily discounted in our markets,
merit full acceptance as yet, no more than the hopeless should at least moderate our speculative proclivities.
ones did a few weeks back.
Yet they are very encourag¬ Furthermore, we fail to see any reason for assuming that
would stimulate English investments in this
ing, for no greater disaster could befall us now than short hostilities
Some of our railroads are, as stated, gradually
crop5, and the earlier indications have therefore been quite country.
dispiriting, not solely because they affected winter-wheat getting into better condition, and with good crops this
but because in the present sensitive condition of the public summer their incomes will be assured and their securities
mind they are readily accepted as a general forecast of the become a better and more attractive purchase for investors
the
rumors
cunent respecting
England’s dispute with
a
“
“
11
“
season.
What the abundant crops
of last year are doing everywhere.
That will result whether the war goes on
of foreign capital
be seen in our railroad earnings which still
this
way with the silver coinage law still in operation, is
continue to record better results than a year ago.
Many
of our roads are thus rapidly securing a stronger position, simply impossible.
#
Aside from these war rumors and the hopes they have
and the recuperative force has not spent itself yet, norwill it for months, the benefit from the increase in corn encouraged, the developments of the week affecting general
The exam*
and provisions lasting through the whole year. Hence every confidence have not been wholly favorable.
ination of Mr. Fish, late President of the Marine Bank of
one is anxiously looking for evidence of what the coming
summer and fall
are to bring, feeling that if they only this city, discloses and recalls bank dealings and methods
which are very suggestive and by no means reassuring.
prove as productive as the last, with possibly a better cot¬
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 to
we 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 Ex¬
to prove that a very considerable amount is even yet left change Bank with the railroads of that section, especially
to be sent forward.
Then the Australian crop is just com¬ with the Chesapeake & Ohio. As we stated last week,,
ing'in and is a good one, and will afford according to the the decline in 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
For the same
bushels.
In addition to that we have to remember that to market some portion of its holdings.
last season’s crops were almost everywhere excellent, while reason and because of rumors that the interest was to be
for us, may
or
not ;
but any large new movement
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
B” series May 1st is already in the treasury for the pur¬
drained of its old stock, and hence that farmers every¬
where must be presumed to be better supplied than, ever, pose, and that it will be paid. Still railroad officials change
before at this season.
Finally, there seems no good reason their minds sometimes in these days, so one cannot put
prices have been not
“
THE
1885.J
April 11,
confidence in a promise the fulfilment of which is
two wreeks distant.
9
Our stock market this week, like our breadstuils markets,
has been almost wholly under the influence of the foreign
full
Owing to the gain that had been made in January,
}
loss for the two
only §232,000. This loss it should be a comparatively
easy matter to make good in a single month, under the
respecting English and Russian difficulties, prices
being alternately advanced or depressed *as the news
pointed towards war or peace. As we have already stated
we see little reason for this, except so far as a remunera¬
tive price for our food products might improve the general
situation, and therefore increase the intrinsic value of our
securities. Still, the idea of a more extended influence was
encouraged by the comparatively firmer tone for American
stocks and bonds dealt in on the London Stock Exchange
during the semi-panic there on Thursday, the conclusion
being easily reached and reported on the street, that those
who were selling the British funds were putting their money
into American securities.
A moment's thought would
have been sufficient to convince any one of the absurdity
of such a notion, for it is based on the assumption that the
ordinary English investor has so little confidence in the
capacity of his own country to engage in the threatened
struggle with Russia, as to believe that Great Britain’s
stability and credit are to be hazarded1 by it. The truth
is, that in London, although the necessity for war is
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 indus¬
trial or financial interests of Great Britain—a temporary
crisis on the Stock Exchange seemed to be anticipated,
production of corn in Iowa—252 million bushels
against only 169 million in 1883.
Atchison Topeka & Santa Fe, like the Burlington &
increased
raised in 1884,
Quincy, presents an unfavorable statement of earnings for
the month of February.
In this case, however, there was
also a heavy loss in the month preceding, January, the
returns for both months having come to hand this week.
The Atchison lies so much further south than the Burling¬
ton that we can hardly consider the weather as the pri¬
Quincy, which in January re¬
ported marked improvement in its net earnings, now
Chicago Burlington d'
marked falling off.
1884, we have net
§498,688—a contraction of §459,478, or nearly
February reports an even more
Against net of §958,106 in February,
of
of the falling off, so wTe must look elsewhere
explanation. We find it in the fact that net earn¬
ings last year, both in January and February, were unu¬
sually heavy, the result of an increase in gross receipts and
a decrease
in operating expenses.
As a reason for the
gain in gross earnings, the companf had not only the excel¬
lent crops in Jvansas of the season preceding, but no doubt
also derived some benefit from the blockade by snow of the
more northern route across
the continent—Union and
Central Pacific—which diverted through business to the
Atchison and Atlantic & Pacific route.
The expenses, on
the other hand, were at that time being steadily and largely
diminished.
Only the figures themselves can show the
extent of this movement, so we give below the earnings
and expenses for four years.
mary cause
for
an
Atchison Topeka
*
1,004,747
1882.
1883.
1884.
1885.
& Santa Fe.
February.
but not much more.
this year
the
months in the net, as compared with 1884,
is
advices
in
437
CHRONICLE.
$
$
1,033,534
003,572
$
1,127,3*0
788,530
Operating expenses
653,221
1,167,020
583,944
Net earninas
411,526
583,070
429,962
338,850
2,180,445
1,324,013
2,339,368
1,153,007
2,099,328
1,253,291
2,272,680
1,513,045
856,432
1,180,361
846,037
70*,7:i5
Gross earnings
January 1 to February
2S.
Gross earnings.
Operating expenses
Net earnings
Thus while between 1882 and 1884 the February gross
unusually
large; but 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 expense of doing this aug¬
There 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 wras the $788,530 to §583,944 ; for January and February combined
main cause for the decrease.
We have previously alluded gross earnings increased from $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 State that the Burlington & Quincy has a large $477,626.
It is only natural that after this heavy growth
portion of its mileage.
It is scarcely possible to there should now be a return in the net to smaller
overstate the
influence that this condition had on figures. The loss in 1885 is $329,929, or $147,697 less
railroad traffic.
On parts of the Burlington & Quincy sys¬ than the previous gain, so that the aggregate is still
tem no freight trains were moved for over a wTeek 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.
It is quite possible, however, that this loss in 1S85 may
half the month. Then the weather also prevented the road
from getting the benefits of tlie increased yield of corn in lead to very erroneous conclusions. Some may draw from it
Iowa, as would appear from the fact that the receipts of the inference that subsequent returns are likely to be equally
that cereal at Chicago over all roads wrere only 4,433,216 unfavorable, and that as the 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
These facts account for the decline of $370,000 bearing upon that point, it should be remembered that the
West.
in gross earnings, and the fact that on this diminished gains noted in January and February last year did not
business expenses were increased §91,000, makes plain the constitute a feature of the returns in subsequent months;
the contrary, that these subsequent returns were dis¬
difficulties encountered this year in operating the road.
tinguished, almost all, by very heavy losses. This is a
Following are the figures for five years.
circumstance of such controlling importance that we have
1881.
1882.
1883.
1884.
lo85.
Chic. Bur. & Quinot.
brought together below the gain or loss in each of the
e
?
$
1
$
February.
one
half.
Of
course
the aggregate last year was
on
Cross earnings—
1,601,915
1,457,300
1,034,821
Operating expenses
1,971,013
1,012,847
1,011,021
1,103,227
888,298
845,302
711,997
498,088
958,166
722,723
011,998
322,824
Net earnings
:..
Operating expenses
3,594,399
2,233,181
3,019,233
2,025,553
N>f. PAmtrigs
1,361,218
1,593,680
Gross earnings
3,236,701
1,706,581
1,530,120
having been officially
GAIN OR
Jan. 1 to Feb. 28.
-
3,116,134
1,734,221
1.381 913
2,342,709
1,423,886
April
....
6,409
101,590
1884 AS COMPARED WITH
May
$187,209
153,114
June..... ...Loss
.
December not
declared as yet.
EARNINGS IN
LOSS IN NET
January.. ..Gain
February. ..Gain
March
918.883
of 1884, the figures for
first eleven months
Julv
August..
.
.Loss
257,639
284,230
244.377
September. Gain
October.. ..Gain
November..Loss
1883.
? 10,552
101,247
159,933
THE CHRONICLE.
438
[vol. xl.
The
Assay Office paid $212,433 through the SubJanuary and $153,000 in February, there was in March Treasury for domestic bullion 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.
Consisting of—
$101,000 in April, to $180,000 in May, to $257,000 in
Duties.
June, to $284,000 in July, to $244,000 in August, with Date.
Gold
Silver Cer¬
XT. S.
Gold.
Notes.
tificates.
Certified.
gains in September and October, and a further loss in
November.
Hence while in the first two months we Apr. 3
$74,000
$230,000
$389,513 73
$2,000
$83,000
Here
we
see
that
following the gain of $187,000 in
•
«f
4.
1,000
213,048 54
83,000
58,000
73,000
heavy totals, after March
6
283,000
119,000
2,000
150,000
555,038 89
we
7.
117,000
232,000
1,000
77,000
427,161 58
much diminished totals,
8.
95,000
48,000
2,000
143,000
283,465 48
and a repetition of the losses now shown would therefore
9.
98.000
45,000
153,000
297,080 79
1,000
seem quite improbable,
especially as the corn crop of Total $2,170,309 01
$476,000
$9 OOO
$725,000
$960,000
1884 (now being moved) in Kansas was but slightly less
than in 1883, and the wheat crop was larger.
Of course TRADE AND CLEARINGS OF LONDON AND
if the present season’s wheat outturn should be diminished,
NEW YORK:
that would modify the conclusion to a certain extent,? but
Quite erroneous conclusions with respect to the com¬
as to
that only future developments - can establish the parative trade of London and New York seem to prevail
reports of damage do^e, 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 pub¬
lished in many papers during the past year, giving the
by an increased production of corn.
Exchange was not perceptibly affected by the war news figures of clearings and claiming a larger business for New
are
this year comparing with very
shall be comparing with very
a
a
a
for the
reason
that the market is
so
dull
as
not to be
responsive to indirect influences. Bankers report a mod¬
erate renewal of the inquiry for investment bills and a fair
supply of maturing sterling, but the mercantile demand is
insignificant and that from bankers readily absorbs all the
commercial sterling offering.
Bankers balances remain unchanged at
Per cent.
The following statement, made up from returns col¬
lected by us, exhibits the receipts and shipments of gold
and currency by the New York banks during the
week.
Received by
Week ending April 10, 18855.
Shipped by
N. Y. Banks. X. Y. Banks.
(Inrrnney
Net Interior
Movement.
$1,845,000
$365,000
Gain...$1,180,000
$1,845,000
$365,000
Gain.. $1,480,000
Gold
Total gold and legal tenders..
..
changes in the bank holdings
gold and currency caused by this movement to and from
The above shows the actual
of
the interior.
•
In addition to that movement, the banks have
gained $500,000 through the operations of the Sub-Treas¬
ury. Adding that item, therefore, to the above, we have the
following, which should indicate the total gain to the
New York Clearing House banks of gold and currency
for the week covered by the bank statement to be
issued to-day.
York because the
for London.
for
published totals
Some of
were
in
excess
of those
readers have also written
our
us
explanation of this feature of the reports, to which
we have replied
by letter. But as others have requested
similar information, we deem the matter of sufficient gen¬
eral interest to explain the comparative situation more in
detail than we can do by letter.
The misconception is perhaps not at all surprising.
It
follows naturally from the figures themselves; for the
banks being the instruments of commerce through which
payments and transfers are made, their clearings pre¬
sumably reflect the aggregate of each day’s transactions.
Hence the annual totals, which are as given below, become
the
an
measure
of
the
volume
of
business.
The London
figures we have reduced to dollars at the rate of $4 84 to
the pound sterling.
Year.
London
New York
Clearings.
Cleu?'ings.
$27,716,281,200 $30,985,871,165
1884
|
Year.
1879
London
New York
Clearings.
Clearings.
$23,104,280,020 $29,235,673,829
1883
28,697,105,360 37,434,300,872 1878
23,599,893,240
1882
30,110,637,440 46,916,955,031 1877
22,773,831,080 21,285,278,472
1881
30,708,213,980 49,376,832,883
1870
24,010,451,040
1880
27,G73,793,840 38,614,448,223
1875
27,330,012.520 22,475,359,339
Here
have
19,858,671,307
19,584,393,198
direct
comparison, with the result 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¬
Net Change in
Into Banks. Out of Banks.
Week ending April 10,1885.
Bank Holdings.
tive use of checks and money in dealings with the banks
Gain. $1,4S0,000
Banks’ Interior Movement, as above
$335,000
$1,845,000
in the two cities.
It might be supposed that the deposits
500,000
5,500,000
5,000,000 Gain.
Sub-Treasury operations
were morejargely made up of money in London and in a
Gain. $1,080,000
$5,365,000
Total gold and legal tenders....
$7,345,000
much greater proportion of checks in New York.
If this
were
The Bank of England reports a decrease of £368,286
so, of course to the extent of this difference,
bullion during the week. This represents £ 12 9,0 0 0 received the daily clearings at London would reflect less per¬
from abroad, and £497,286 sent to the interior.
The fectly the daily deposits; or in other words, the clear¬
Bank of France lost 82,000 francs gold and gained 10,000 ings at each of these trade-centres would not afford a like
But the truth
francs silver, and the Bank of Germany since the last measure of the total business of the banks.
report has increased 5,980,000 marks. The following is, no marked difference in this particular exists between
In 1881', Mr. G. H. Pownall of London,
indicates the amount of bullion in the principal European the two cities.
banks this week and at the corresponding date last made an investigation into the proportionate use of checks
and money in English banks and read his results before the
year.
Bankers’ Institute of London Oct. 19, 1881, and published^
April 10, 1884.
April 9, 1885.
the same in their Journal for December.
In September
Gold.
Silver.
Gold.
Silver.
of the same year Mr. Knox, then Comptroller of the Cur¬
£
Bank of
Bank of France
Bank of Germany
Total tills week
£
£
25,045,648
40,295,414 42,182,323 39,773,570 40,G03,269
7,055,750 21,167,250 7,435,000 22,305,000
England
Total previous week
£
25.294.620
....
72,645,78 4 63,649,573 72,254,218 62,308,269
73,188,350 64,162,173 73,040,654 62,614,513
we
similar work for the-United States and gave
report for 1881. These two cities appear
as follows in the returns thus made up.
We add, also, the
proportions given for other sections of the two countries,,
for subsequent comment.
rency,
did
a
a
his results in his
Money Received by Banks.
Kinds of
Great Britain
(1881).
Coin.
Notes.
Checks.
Per cent.
Per ctnt.
Per cent.
•728
2 039
97-233
Metropolitan Area
2521S
11022
63 76)
Country Banks in 201 Places
15-200
11-940
72-800
17-310
14-470
68-220
London*.
The
Towns,
excluding Agricultural Places
■
New
United States (tept., 1881).
•05
•55
York City
Other Reservo Cities
204
Banks Elsewhere
3 99
Total in United States
1-55
*
The London return is made up from the Town
-
08-80
5-61
92-35
1427
81-74
430
94-00
Even England’s wants
are no guide for us, since, as w-e have seen, the practice of
keeping “current accounts” is by no means general; and,
besides, long custom has made it almost a second nature
for her people to depend to a very great extent upon gold.
This habit has been encouraged and strengthened, too,
by the circumstance that the Bank of England’s £5 note
is its smallest issue.
All wages therefore—manufacture
ing, agricultural and every other kind—have to be paid in
gold, as the weekly payment to each does not often equal
nient,
proportion of checks appears to
differ only about 1-J per cent in the make-up of the Bank
deposits of London and New York. To the extent of this
difference, the above exhibit affords of course an explana¬
tion of the clearings and modifies the conclusion to be
drawn from their face.
But that is a small matter, and
allowing for it, would not very greatly change the com¬
parison made by the annual figures first above given,
A more important difference is however suggested by
the other items in above returns, a difference, as these
figures show, that distinguishes all bank receipts for deposit
in the two countries except at London, and prevents
London clearings being as true a measure of London trade
as New York clearings are of New York trade.
It
will be noticed, for instance, that notwithstanding London
returns show about 97£ per cent of checks, “ the metro¬
politan area” shows only 63J per cent. That is to say,
cash deposits figure as a very much larger item in the
suburbs of London, and in fact everywhere else except
than
in
the United States.
And this
that in Great Britain
floating cash and cash transactions between individuals
suggests the important difference
are
us,
much
more
for the
extensive
reason
money
Banks,
on
a
used to
check)
and frequent than
among
that “current accounts” (that is,
accounts where customers are
are
allowed to withdraw their
discouraged
by the
and
redundant
disturbing here.
the amount of the note.
Counter only.
From the above the total
in London itself
439
THE CHRONICLE.
1885.]
April 11,
English
heavy tax for keeping them being charged. It
be;everywhere as high as one quarter of one per
as
more
Hence it has been
more conve¬
in accord with the habits of the people, as well
.encouraged by the charge made by banks for keeping
accounts,” to retain in their possession large
“current
amounts of money,
instead of depositing it all and checking
Thus they find use for more money per capita
against it.
than
we
can.
But the check is such
an
economical instru¬
convenient
unobjectionable, that it must continue to make its
in the commercial world, -economizing the use of coin
supplanting more and more completely all other
ment, and through the system of clearings so
and
way
and
methods of
payment.
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
to take the pains to measure its importance.
With us
the whole of each day’s stock transactions passes through
the banks, and if we may consider the broker simply
as the go-between, each transaction
covers two checks;
or if there be two principals and two brokers, each transac¬
tion will require three checks.
But even assuming that
only two Checks are used in effecting each sale, and we
have an aggregate reaching on the average fully 33 per
cent of the total New York daily clearings chargeable to
stock transactions at the Stock Exchange alone.
But the
recorded sales of stocks there, do not probably cover
Another
over
two-thirds
which
are
made
stocks and bonds
Wall Street in active times, many good
the actual sales of
on
been reduced. Only in judges on Wall Street estimating them at such periods as
great competition for business has not more than one-half the total. Still, without adopting
the charge been abandoned.
And yet even now, as we either of these views, or allowing for any considerable
understand it, London banks would not take small ac¬ unknown quantity, it is certainly within bounds to say
counts in that way.
On the other hand, with us nearly that on the average, one half the Bank clearings at New
every 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 per cent
thing by check, and the entire transactions of the city and of the total clearings, as may be seen from the following
To make the difference more obvious we have
in good part of the suburbs (the mass of little ones, as statement.
well as the large ones) are covered by our clearings. This taken the aggregate Bank clearings each year since 1880
is an important difference between London and New York at New York and London (stated in dollars at the rate of
business methods, and involves a very considerable amount 4-84 to the pound sterling) and deducted from the London
in the aggregate.
figures the official stock clearings which they include and
We are tempted to dwell for a moment longer on this from New York figures twice the value of the stocks sales
point in passing, because many fail to recognize the full at the Stock Exchange. Of course this makes no allow¬
meaning 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
Britain comes next, but after that, there is no next—for greatly increase the total, and if included would be, just
only a long way off follows Germany, while France scarcely to that additional extent, to the disadvantage of the New
cent, but more recently it. has
London where there is
knows its
use
in domestic settlements.
This is especially York figures.
recalling since one so frequently meets with Con¬
gressmen and others talking glibly about the needs for
currency in this country, 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
'
worth
London.
Total Clearings.
1881
$27,710,284,200
28,697,105,360
30,110,687,040
80,70'‘,213,960
1880
27.673.793,810
1884
1883
1882
Stock Clearings.
Clearings other
th<in Stock.
$4,676,277,320
5,! 23,6S8,520
6,909,233,440
0,695,844,760
5,575,030,280
f23.040.006.680
23,573,166,840
24,201,403,600
24,072,309,200
22,098,757,660
THE CHRONICLE.
440
Double Values
of
Clearings less
Stocks sold at
Total Clearings.
New York.
Stock Exchange.
Stock Exchange.
18S4
$30,985,871,165
1883
87,434,300,872
18*2
46,916,955,031
1881
49,376,882,883
1880
38,614,448,223
$19,106,871,165
24,913,680,950
31,538,048,159
32,981,870,077
24,970,276,115
$11,879,000,000
12,520,619,922
15,378,906,872
10,395,012,806
13,638,172,108
very
year like 1884, it is quite likely that the
deductions from the New York clearings for stock trans¬
actions may be sufficient as given above, for at such a
time fictitious or “ wash ” sales are numerous, while the
transactions outside the Exchange are at their minimum;
but in the previous speculative years, and especially in
1880, 1881 and 1882, a further large amount should
obviously be added to that item, for unrecorded
all
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¬
ness methods which should not be overlooked, as it per¬
vades more or less all New York markets, affecting in
a large
measure our Bank clearings, and yet London
outside of its Stock Exchange has nothing to correspond
We refer to the enormous extent of the purely
with it.
speculative business done at our numerous exchanges.
The above table gives expression to the same thought,
In
a
dull
for the steadiness of the London returns
and the vari¬
[VOL. XL.
reasonably free from interrup¬
tions to railroad operations.
The result is seen in earnings
(on the 58 roads reporting) $702,539 greater than a year
the whole the month
loss in February (on G9 roads reporting)
comparison with
preceding year was somewhat disturbed by the fact
ago, as
of
was
against
a
$251,874, though in that month the
the
had one less day.
Of course, reports of declining earnings have not ceased
to appear, for while it is true that if we take all the roads
reporting together, the March statement shows an
increase, it is also true that the result on individual
roads and in particular section varies, as it may well
be expected to vary, with quite a number of companies
still recording a falling off.
But it is at least satis¬
factory to note that these latter are not so numerous
as heretofore, constituting for March less than
two-fifths
that
February this
year
the whole number embraced in
of
are
our
list—that is, there
thirty-nine roads that have increased their earnings,
and nineteen that have fallen behind.
specially favoring influences in operation
during the month. The better weather was a decided
advantage, as against the condition prevailing in February,
but it was an advantage of a negative character wholly, since
it marked merely the absence of a state of affairs that
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
extent, and not all roads or sections shared in it; on the
contrary, some suffered a very decided contraction in the
same, and, as compared with two years ago, there is a
falling off even in the total. The cotton movement was
simply reduced to infinitesimal proportions. On the other
hand, some traffic delayed by the snows and ice in Feb¬
ruary came forward in March, and that was a temporary
There
were no
figures cannot fail to attract
fact, taking out stock operations, the London
totals are almost stationary, and even with them in, the
changes from year to year are comparatively trifling;
whereas the expansion in our clearings covers our specula¬
tive cycle from 1880 to 1883, and is to a degree a measure
of its extent, not alone in financial ventures but in commer¬
cial as well, the speculative feature being universal.
For
instance, in 1883 the future sales of grain at the New York
Produce Exchange covered 2,417,720,033 bushels.
These
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
done at our commercial exchanges.
It is to be said, decrease then. The following table gives the gross earn¬
however, that such operations figure to a very much less ings and mileage of all roads, in our usual form.
extent than Wall Street transactions in our Bank clearings,
GROSS EARNINGS AND MILEAGE IN MARCH.
because a process of “ wringing outis gone through with
Gross Earnings.
Mileage.
every morning by the members, which is really a kind of
Name of Road.
Increase
1884.
1885.
1884.
1885.
Decrease.
clearing system, permitting of a settling of balances. Yet,
$
$
9
notwithstanding all that, they are a feature in our business
88
88
Boat. IIoos.Tuu.& W..
43,492
+7,509
35,983
824
988
152,701
+ 37,272
methods, entering into our bank clearings, with substantially *Burl. Ced.Rap. <fc Nc.
189,973
Canadian Pacific
467,000
+ 187,425 2,794 2,033
279,575
no corresponding practice at London.
490
490
Central Iowa
128,197
+ 13,015
115,182
503
503
-9.092
200,543
209,635
^Chesapeake & Ohio.
We think the foregoing suggestions will enable the
139
139
*Eliz.Lex.& Big San
40,814
+ 203
40,611
398
398
*Clies. Ohio & So. \V..
87,743
77,249
+ 10,494
reader to put a proper interpretation upon the Clearing
849
849
680.665
697.919
-17,254
Chicago
Alton
ableness of the New York
attention.
In
'
or
'
House returns of London and New York.
But
even
then
that London
represents the trade of Great Britain to the same extent
that New York represents that of the United States.
It is
not necessary to enter upon that point, and yet we may
mention Liverpool by way of illustration, which, with
slight exception, monopolizes the entire cotton trade of the
country, and is the outlet for the goods trade of Manches¬
ter and outlying districts.
Still, London is the financial
centre, and settlements even for cotton imported and
cotton goods exported are chiefly made through it.
one
must
not
make the
error
of assuming
Chic. & Eastern III
Chic. Milw.&St. Paul.
Chicago & Northwest.
Chic. 8t. P.Minn. &0.
*Chic. & West Mich...
Cin. Iud. St. L. &Cli..
Ciu. Wash. & Balt
Cleve. Akron & Col...
Denv. & Rio Grande.
147,065
2,082,000
1,933,500
451,000
75,127
224,410
164,731
40,041
511,913
69,100
23,501
96,377
Deny. & Rio Gr. West
*Des Moines & Ft. D..
Detroit Laus’g & No..
45.806
*Evansv. «fe T. Haute
Flint & Pere Marq...
Fla. R’y & Nav. Co...
Ft. Worth & Denver..
1 Grand Trunk of Can.
Ill. Cent. (Ill. Div.)...
Do
(So. Div.)...
Do
(Iowa lines)
157,916
80,855
31,127
JAN
True to the
1
TO
MARCH, AND FROM
MARCH 31.
anticipations entertained with regard to it,
March makes a very much better exhibit
of earnings than its predecessor.
The weather was still
unseasonably cold, but the other drawbacks to a free
movement of merchandise—so
conspicuous in their
adverse effects in February—no longer existed, and on
the month
of
+ 36,017
251
251
+ 293,274
4,804
3,843
1,319
4,770
3,761
1,307
-10,371
+917
413
342
281
144
413
342
281
144
+ 113,556
1,317
1,317
+ 6,969
368
+4,7451
-19,312
—2,502
—09,573
-1,145
+1,521
-133,933
+ 70,121
+ 46,170
+ 3,058
+ 33.866
+ 11,15 i
+ 66,210
+ 4,541
+12 253
143
361
518
110
2.951
953
711
402
532
389
2+2
250
352
368
143
261
146
361
500
110
464.246
87,552
201,150
175,102
39,124
398,357
62,131
18,755
115,689
48,303
218,519
82,000
29,601)
+ 171,560
—13,246^
—12.425
+23,290
261
146
2,800
1,087,700
1.221.633
4-4,453
360,156
142,159
*Kentucky Central...
Long Island
554,574
406,326
145,217
227,088
151,096
106,010
43,822
177,229
Louisville & Nashv...
1,260,695
1,187,738
+72,957
2,065
2,065
*Marq. Hough. & On.
13,647
360,000
103,060
15,897
-2,250
135
232,833
100,357
+ 127,167
1,236
195,140
192,471
686,427
83,350
46,839
185,275
210,298
978,956
74,274
+2,703
+ 4,1 14
+9,86 V
17,827
—292,529
+ 9,076
4*6
221
528
502
135
964
389
221
528
502
2,153
2,449
59.137
6 -.05 8
—*>'7!1
JTnd. Bloom. At West..
*Kau. C. Ft, S. & Gull
*Kau. C. Sp. Ac Mem..
RAILROAD EARNINGS IN
111,048
1,788,726
1,766,940
Mexican Central
Milw. L. Sh. & West..
Milwaukee & North..
Mobile & Ohio
Norfolk Ac Western...
Northern Pacific
Ohio Central
Peoria Dee.AEvunsv.
50,953
'
Only turee weeks of March in
t Four weeks ended Match 23.
*
; Not including
193.222
139,915
39,330
44,281
1(54.976
—
953
578
402
532
389
282
220
S52
212
25 4
each year,
Indianapolis Decatur & Springfield in cither year.
212
254
April 11,
Gross
Name
of road.
Rochester & Pittsb...
Bt.L. A.&T.H. m.line.
Do do (brandies).
Bt. Louis Ft.8. & Wicli.
8t. Louis
San Fran..
Paul & Duluth
St. Paul Minn. <& Man.
*Texas Si St. Louis
Tol.Ann A.*fc N. Mich.
Wab. St. Louis Si Pac.
St.
...
Total (58
*
roads)
..
$
352,300
75,578
$
349,200
(49,002
50,202
37,972
59,707
44,604
27,834
98.024
110,534
00,390
47,070
40,050
385,714
415,179
07,900
72,412
575,377
700,100
75,115
25,500
49,401
17,8*9
1,359,449
1,348,900
17,290,374 16,587,835
.
1884.
$
774
774
363
291
313
274
303
294
313
-4.512
—124,723
294
195
138
182
815
225
294
195
138
100
770
225
1,397
1,387
4-25,714
4=7,621
735
01
735
61
3,549
3,617
4-3,100
4-7,346
4-9,295
4-U.598
4-10,088
4 17,701
80,923
125,129
74,227
Only three weeks of March
Increase or
1885
Decrease.
08.232
.
natural
Mileage.
Earnings.
1884.
1885.
Bic-li. & Danville
Char. Col. «fc Aiur—
Columbia & Gi’v...
Georgia Pacific
West. No. Carolina.
14.595
—
—7,831
4-1,020
—29,405
+
+
10,483
-
230
same source
grain movement at all the
hibits the
RECEIPTS OF
702,539 45,392 43,624
in ench year.
Chicaan—
4wks., Mar., 1885
wks., Mar.. 1884
Since Jan. 1,1885
Since Jan. 1,1884
4
497,413
1,804,871
178,835
1,241,304
007,959
505,312
Milwaukee—
4 wks., Mar., 1885
4 wks.. Mar., 1884
Since Jan. 1,1885
Since Jan. 1,1884
wheat, the inference is plain that
4 wks., Mar., 1885
4 wks., Mar., 1884
Since Jan. 1,1885
Since Jan. 1,1884
Toledo—
4 wks., Mar., 1885
4 wks., Mar., 1884
Since Jan. 1,1885
Since Jan. 1,1884
Detroit—
4 wks., Mar., 1885
4 wks., Mar., 1884
Since Jan. 1, 1885
Since Jan. 1,1884
Cleveland—
4 wks., Mar., 1885
4 wks.. Mar
1884
Since Jan. 1,1885
Since Jan. 1,1884
,
Corn,
(bush.)
intent,
(bush.)
Flour,
(bills.)
40,195
275,708
450,925
804,104
..
97,050
120,802
305,810
341,323
7,280
4,818
27,154
18,207
wks., Msr., 1885
4 wks., Mar., 1884
Since Jan. 1,1885
Since Jan. 1,1884
Tin rleu,
(bush.)
Oats,
(bush.)
5,099,809
4,312.500
15,199,504
2,018,103
10,039,021
779,201
483,903
30.000
84.780
152,930
3,029,405
l,7u7,445
219,710
2,379,378
7,400,374
7,200,300
95,331
248,175
323,081
579,135
408,224
2,759,055
514.212
3,080,150
485,900
0N5.359
2,270,024
1,290,684
9,008,329
8,005,548
1,220,450
1,099,700
320,810
280,100
1,045,565
1,418,728
850,572
1,090,082
1,007.205
3,010,424
12,201
22,278
37,252
134,818
304,904
81,539
44,0)37
210,883
201,128
Dye,
(bush.)
122,270
940,374
363,492
2.047,05)3
110,509
344,345
1,353,599
476,149
4t>)3.251
320,243
1,408,507
28,500
2)3,502
100,810
1,438,130
104,387
218,400
232,074
728,110
71,054
42,331
130,354
102,971
520,527
5,501
11,400
30,083
4,688
28,014
5,250
870
8,701
73,890
27.091
367,370
1,257.209
31,988
1,062,581
403,738
220,827
1,2)15,050
901,182
11,221
7,007
39,284
137,950
118,500
60,000
63,489
488,850
33,818
859,<XW)
37,311
23,351
102,530
277,883
1.84,800
127,221
15,042
10,873
52,942
38,201
29,130
3,800
52,355
14,940
22,050
52,300
89,040
1,454,210
1,007,475
3,520,305
911.440
701,700
2,481,085
80,400
40,800
25)3,200
as,500
61,500
137,490
134,470
3,634,395
2,294,033
145,900
209,010
1,811,924
200,072
233,*32
389,482
7)35,200
898,207
9,022
8,724
Duluth—
4 wks.. Mar., 1885
4 wks.. Mar., 1884
Since Jan. 1,1885
Since Jan. 1,18S4
Total of all—
4 wks., Mar., 1885
4 wks.. Mar., 1884
4 wks.. Mar., 1883
Since Jan. 1, 1885
Since Jan. 1,1884
Since Jan. 1,1883
'
ENDED MARCH 28
*4,993,000 2,529,400
Peoria—
4
leading Western ports.
FLOUR AND GRAIN FOR FOUR WEEKS
AND SINCE JANUARY 1.
St. Louis—
striking feature of this table
increased movement of
did not have
gain from the grain traffic at the eastern
level; but probably also the company
of
end—because of the smaller extent of that movement—as
it had in some of the months preceding.
The following ex¬
the
is the heavy
gains reported by several prominent systems. For the
increase on the Canadian Pacific and the Mexican Central,
there are of course special reasons.
But it will be noted
that the Chicago & Northwestern, the Chicago Milwaukee
& St. Paul, the 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,
so that the comparison is with reduced totals.
But in the
Northwest an additional reason was the quite generally
freer movement of grain, both of corn and wheat. In prev¬
ious months it was wheat alone that was moving in
increased volume in that section, but now that cereal is
giving place to corn. Of course the difference in effects
is important, for not all roads that are wheat carriers are
corn
carriers, nor vice versa. The Northwest road, for
instance, having heretofore benefitted very little by the
The most
441
THE CHRONICLE
1885.J
73,087
160,587
180,090
•
•
•
••••#
7,500
500
292,580
70,* 19
1,789,320
284,720
097,917
598,354
7 L 1,255
2,150,583
1,901,992
2,379,900
3,716,002
2,349,007
3,700,037
15,070,532
8,079,327
12,093,221
10,170,401 4,175,871
10,441,723 4.178,838
12,553,142 3,903,954:
30,549,049 11,809.5)31
32,808,103 12,3-2,295
32,457,512 10,504, )05
1,058,509
1,001,377
5,280.482
3.717,007
5,090,051
1,115,148
both at
the winter-wheat points and the spring-wheat points, but
in corn, while there are gains at Chicago, Detroit, and
reoria, there are, on the other hand, heavy losses at St.
Louis and Toledo—at the latter point the receipts of the
staple being only 356,000 bushels for 1885, against 1,090,Thus in wheat there is a
pretty general increase,
gain now is to be ascribed to the influence of the corn
shipments. Still, the St. Paul gains $293,000, while the
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
000 bushels in 1884.
The receipts at these ports do not
fairly be assumed that the differences in results in favor of
always correctly reflect the grain movement over the rail¬
the St. Paul will hereafter become less marked.
roads in the territory tributary to the same, but at least
It is not to be supposed, though, that the wheat move¬
ment is running smaller than a year ago.
That is not the falling off now shown in corn should be borne in mind
in interpreting the results in the district east of the Missis¬
the case.
There is still a heavy increase, but the volume
We find
of the movement is no longer what it was, and con. sippi between the lakes and the Ohio River.
sequently it cannot be expected to count for as gains in earnings on the Cincinnati Indianapolis St. Louis
much.
At Duluth, for example, there
is a gain & Chicago, the Cleveland Akron & Columbus, the Illinois
the
(Main Line), the Chicago & Eastern Illinois, the
Bloomington & Western, and the Ohio Central,
altogether at that port were only 292,586 bushels. Appa¬
rently the gain in that item was insufficient to offset the (usually, however, less than the losses in the preceding
loss of earnings in other respects, and consequently such year), while the Evansville & Terre Haute, the Peoria Deca¬
tur & Evansville, the Cincinnati Washington & Baltimore,
roads as the St. Paul & Duluth and the St. Paul Minne¬
and the St. Louis Alton & Terre Haute, report diminished
apolis & Manitoba are compelled to report a further
The two latter are probably influenced by the
decline in receipts, even after a loss in 1884. The Manitoba totals.
state of trunk line business as much as by anything else,
particularly loses a large amount, but that road has also
and as their present losses are additional to losses in 1884,
the element of increased competition to contend with.
is easy to see that the great east-and-west trunk lines
The St. Paul & Omaha likewise has a loss, but it is small it
not in our list cannot have done very well.
The heavy
—$13,000—and conies after a gain of twice the amount—
decrease shown by the Grand Trunk of Canada is evidence
$26,000—in 1884. Roads in Iowa, or running through
over
that
1884
of
216,000 bushels, but the
State, have improved totals, but
total receipts
these roads suffered
besides, probably had
last year from a snow blockade and,
a heavier corn
movement this year.
Central
Indiana
to the same
The
effect.
St. Louis
& San Francisco and
the Chicago &
Among them may Alton—running into, or connecting with, the Southwest—
be mentioned the Burlington Cedar Rapids & Northern, again have a decrease, but the St. Louis Fort Scott &
Wichita has a small increase, and the road3 forming the
the Central Iowa, the Des Moines & Fort Dodge, and
the Iowa Division of the Illinois Central.
The heaviest line between Kansas City and Memphis, namely the Fort
loss by any road in our list is that of the Northern Pacific, Scott & Gulf and the Fort Scott & Memphis, continue to
their receipts in a very marked manner.
The Texas
and the explanation of it given is that the Coeur d’Alene swell
& St. Louis also records considerable improvement.
gold excitement which produced a great increase of busi¬
Down in Texas the contracted cotton movement still
ness in the previous year, was not an influence this year,
exerts an adverse effect upon railroad business, but we
so that the earnings have merely dropped back to their
442
have
THE CHRONICLE.
no
prominent road from that section in
Fort Worth
&
Denver has
our
list.
small increase.
a
The”
has
falling off
in
earnings is only moderate, nevertheless, and in many
cases there is
actually an increase. How insignificant the
cotton movement has been, will
appear from the following.
OP
COTTON
AT
SOUTHERN
JAN. 1 TO MARCH
1885.
bales.
6,912
Indlanol*, Ac
New Orleans
Mobile
Florida
Savannah
Brunswick, &c
AND
..
72,805
541
157,653
9,463
5,029
18,143
12,985
1,233
FROM
1884.
1883.
61,391
118,447
244,991
1,280
360,783
47,609
703
374.205
2,217
627.' 20
160
20,182
38,018
193
353
3 311
1,354
2,577
82
350
21,274
6,060
27.018
12,150
6,558
1,022
61,944
20,828
133,318
202,921
427,931
47,706
15,699
23.843
51,003
24
*
find
37,070
1885.
10.164
Norfolk
Total
1883.
108
...
West Point, Ac
1834.
70,311
'
MARCH, AND
1883.
Since January 1.
370
Port Royal, Ac
Wilmington
Morehead City, &c..
here
31, 1885, 1884
69,717
4,171
6,434
11,503
Charleston
We
IN
March.
PORTS.
Galveston
PORTS
91,409
1,031
66,950
37,441
6,094
184,542
99,333
1,262
82,743
1,932
10,119
1,633
2,509
13,100
100.157
133,791
33,825
53,196
222,555
63,076
802.012
944,755
1,630.661
83,008
7,642
2.061
heavy decline
minor
previous yearAgainst receipts of 427,961 bales in 1883, the movement
in 1884 fell to
202,921 bales, and now there is a further
drop to 138,318 bales—that is, to less than one-third of
the total of two
That Southern roads have
generally, despite this great decrease in this
their principal item of
traffic, is a strong point in their
done
so
years
ago.
well
favor.
Of
course, some
roads have done better than
others, but it is not necessary to particularize; the figures
will speak for themselves, and
they can be studied in the
of
light of the movement
the staple at each port, as set out
in the foregoing table.
As regards the statement of
earnings for the quarter
ended March 31, there is little to be said in
addition to what
has been said 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
quite a good many roads that have fallen behind—.-mostly
because of the weather
or some
special influence—but it is
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
a
details.
GROSS EARNINGS FROM JANUARY
Name
of Road.
1885.
$
98,557
G 16,2 21)
Boston Hoosae T. & W..
♦Burl. Cedar Rap. A No.
Canadian Pacific
Central Iowa
♦Chesapeake A Ohio
*Eliz. Lex.A Big Sandy
1,291,341
Chicago & Alton
l,8h2,897
♦Ches. Ohio
At 8. W
Chic. & Eastern Illinois.
Chicago Milw. A St.Paul
Chicago A Northwest...
Chic.St.P.Minn. A Omaha
♦Chicago A West Midi...
Ciu. Ind. St. L. A Chic...
Cin. Wash. & Baltimore.
Cleve. Akron A Col
Denver A Rio Grande...
Denver A Rio Gr. West.
*Des Moines A Ft.Dodge
Detroit Lansing A No...
♦Evansv. A T. Haute
Flint A Pere Marquette.
Florida R’y A Nav. Co.
Ft. Worth A Denver
t Grand Tr. of Canada...
Ill. Central (Id. Div.)
Do
Do
(South. Div.)
(Iowa Div )..
Jlndiaua Bloom. A West.
♦Kan. City Ft. 8. A Gulf.
♦Kan. City 8p. A Mem..
♦Kentucky Central
Long Island
Louisville A Nashville..
♦Marq. Houghton AOnt.
.
298,876
711,517
145,137
315,447
381,124
4.946.000
4,778,900
1,091,900
215,79b
596.380
474,326
10 <,832
1,293,834
195,12o
76,410
L TO MARCH 31.
1881.
$
91,785
568.52?-'
77*, >59
324.29"
756,328
Increase.
$
6,7 72
47,701
11,189
262,368
1,937,845
53,079
34 C940
37.184
4,572,887
4,776,45 1,146,552
373.113
102.226
36.952
100.528
1,129.614
166,315
72,454
3,304
169,220
262,493
259.430
78,364
3,493,590
1,52\990
84,420
3,923.053
1,191.767
3 19,620
1,070.34*
56 4.151
547,031
508,556
173,212
148.811
438,669
233,300
3,242,436
272,266
62,145
4,628
3,063
161,726
6.056
429.463
111,452
121.425
40 %314
16.120
76.901
Increase.
Decrease.
$
$
$
$
9 9.353
614,033
248,415
130,065
560,^95
251.939
55,694
3.044
919,84 4
188,341
140,008
92,179
250,653
221,610
371,729
298,976
197,479
119,719
1,004,310
212,198
*
12,867
37.999
20.626
216.539
-,.
29,048
■
72.753
9,151
206.630
122,338
2 619
1,064.979
60,669
198.857
1,433,750
13,3 U
1,556, 535
222,354
65,201-
122,785
168,551
53, *03
17,739
47,461
3,885,363
3,773,001
,i
23.375
i 8.516
13,721
112,302
45,835,992 2,906.21
i
1,165.73 4
1,740,479
Includes three weeks ou)y of March in each
year.
Our
exhibit
of
net
earnings covers February, and
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
arid 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.
GROSS AND NET EARNINGS TO LATEST
DATIJS.
February.
Jan. 1 to Feb. 28.
Name.
Gross
Net
Operating
Earnings. Expenses. EaminQs.
Atch. Topeka & Santa Fe—
1885
1884
Burl. Cedar Rap. & North.—
1885
1884
Canadian Pacific—
1885
18S4
Chesapeake & Ohio—
i»85
r
1884
Elizab. Lex. & Big Sandy—
18.-5
1884
dies. Ohio A South West.—
1885
1884
Chicago Burl. & Quincy1885
1-84
Connotton Valley1885
1884
De* Moines & Ft. Doage—
1885
1884
East Term. Va. & Georgia—
1*85
1884
Fort Worth A Denver1885
1384
Kent cky Central1885
18*4..
Louisville A Nashville1885
1884
Nashv. Cnutt. A St. Louis—
18*5
N. Y. Lake Eiie A West.*18-5
1884
N. Y. A New England—
1885
1884
Norfolk A Western—
1885
1884
Nurt riern Central—
1885
1884
Northern Pacific—
I8r5
1884
Oregon lmprovem’t Co1885
1884
Penn, (all lines east oi Pitts¬
....
I
1885
1884
f
*
411,526
Gross
Ntt
Earnings■ Earnings.
*
.
S
1.084.748
1,167,020
653,222
583,944
202,537
20L.964
161.060
147,285
41,477
54,079
426.256
400.577
334.154
66,423
363,960 df. 189,327
824.341
218.094
280,072
1S1.677
36.417
199,049
511,004
546,093
114,394
67,023
48.682
35,019
45,949
37,655
13633
8,294
104.323
93,3i7
28.137
11,800
112.181
89,425
83,127
78.433
29,059
227.701
1,992
185,119
1,601.915
1,971,013
1,102,227
1,012,847
498,688
9.8,106
3,594,399
3,019.233
22.104
19,020
16,640
19,810
3,464
def. 190
27,725
27,215
20 999
6.735
8,959
311,894
320,392
200,016
2uo,59?
2*4,639
583,070
18,250
24.510
111 ,87
2.180,446
2,339,363
856.432
1,186,360
92,364
114,829
415,827
151,129
499,284 df.206,597
132,633
54,964
10,455
-
1,361.218
1,593,630
42,272
5,109
42,813 def.1,775
52.936
53 099
a
•*
114,795
0
15,100
21,833
28,280
9,419
0,953
599.220
038,380
11.185
16,130
a
284,803
192,732
47.237
19,719
54.820
15.060
1
55.395
47.785
52,732
4o,iiob
1.083,308
1,015,431
7,610
7,3 <4
114.578
18.49S
104,530
17,654
2.251.037
8R1.833
605,746
1
678 450
404.858
302,304
713,1*7
2.051,748
-
174,919
105,0:24
210,495
119,221
'
69.88)
359,905
148,774
91,274
397,481
166,004
1.371.624
1,135,797
235,827
2.037.087
1,496,391
1,258,173
400,465
238,221
3,U63 005
333,994
220.096
152,602
212,355
7.8,494
456,516
123,286
40,248
495,019
57,177
72.806
426.631
252,003
196.281
123,475
137,349
88,008
438,377
178,362
171,381
252.230
278,937
136.819
793 263
304,551
119,076
808,459
250,408
569.964
520.085
+401 955
166,009
+428,803
1,123.516
l,134,le8
281,017
91,*82
2'2,050
225,133
171.098
40,952
21,28*
445,174
83.903
488,518
74,910
2.290,715
225,357
389 049
398.013
203,851
‘
256,091
,
burg A Erie)—
18*5
1884
1S>5
1884
26.520
1,718
139,238
105,899
47,001,726
Philadelphia A Keadim;*—,
14,539
29,573
303,171
244,821
169.424
.
3,524
13,183
34,809
2,113.144
237,165
211,716
Georgia Pacific
345.320
116,882
525,786
618,675
243,103
176,371
987,84 1
3,075,700
3,120.733
2.245,211
2.302,151
830,489
1,124,579
6,353 233
7,000 906
208.200
149.2*4
155.033
58,916
91,032
430,217
123.749
240,0j5
402.205.
139,382
1 794 645
2 092.342
1,154.878
1.383,717
640,267
3,611.011
6 !8.6*5
4 198 14i
1.213.667
1 397,757
Philadelphia A Erie-
* Includes three weeks only or March in each
t To March 28.
year.
J Not including Indianapolis Decatur A
Springfield in either year.
1884.
619,102
1,809,973
West. Nor. Carolina...
Rochester & Pittsburg .
Sc.L.A.&T.H.main line..
Do
do (branches).
St. L. Ft. Scott & Wich..
8t. Louis & S. Francisco.
St. Paul A Duluth
St. Paul Minn. A Man...
*Texas A St. Louis
Tol.Aun Arb. & N. Mich.
Wabash St. L. A Pac.
.....
3,986
596,786
55,010
88,418
31.811
236,036
145,947
432,060
585,457
406,512
163.400
465,19;3.511,752
51,960
74,918
54,652
494,154
437,374
1.414,533
25 420
44,78 L
5,442
304.214
1885.
Char. Col. & Augusta.
Col. A Greenville
.
512,482
133.9 4 S
290,181
141,319
Decrease.
$
*
Mexican Central
M lw. L.8hore A West’u.
Milwaukee & Northern.
Mobile A Ohio
Norfolk A Western
Northern Pacific..
Ohio Central
Peoria Dec. A Evansville
Richmond & Danville...
200
137,496
14.319
at all but "one or two
ports, and the decline is all the more noteworthy
that it comes after a heavy
falling off in the
a
Name of Road.
In other
Southern States the diminished cotton movement
likewise been an unfavorable feature, but the
RECEIPTS
[V01* XTii
1821.063
a Not including the first i-ix
days of 18-5, during which time the ro id was not
operated by receiver; a- d during January expenses were unusually small,
receiver making only such outl ys as were absolutely
necessary.
•
racluding 68 per cent of earnings and entire winking expenses of the New
York Pennsylvania A Ohio Ha lroad.
t Kmbnicing operations of Central of New
Jersey in both year*.
+ Not including taxes and rentals.
Jan. 1 to Feb. 28.
February.
Name.
Gr>m
Pacific#-
1,009.814 def 40,192
l,U47,550 def 90,777
1,814.411 df 101,037
1,935,799 uf 182,143
009,022
956,779
Utah Central—
'
.
i;272,13i
55.300
75,433
3',625
52,629
49,651
41.480
386,882
268,598
Central Pacific—
1885
1884
Chicago & East. Illinois—
1885
1884
Galveston Har. & San. An.1885
1884
Louisiana Western—
1885
7,293;
1,241,164
208,621
127.084
72,387
74,205
54,647
51,220:
Grand Trunk of Canada—
1885
1884
Chic 'go & Gr. Trunk—
1*85
1884
Det. Gr. Haven & Milw.—
1885
1884....
Mexican Central—
1885
1884
05,075
94,9sG
£
253 578
50/00
12*,32*
231,124
20.821
29,755
41,360
57,012
£j
206.18.3
MEXICAN
23,0101
54.047
125,425
51,220
254,134
39,828
50,660
19,007
20,911
65,075
94,980
23,709
37.374j
£
£
4 7.395
42,239
37,938
7.252!
5,161!
!
2,465
570
$
1
157,754'
10,215
82,709
23,010
19.007
23,709
37,374
£
252,988
49 491
7.252
43,099
5,101
c
18,517
10,082
*
318,932
199,285
COTTON
2,405
570
$
157 754
10,215
CROP AND MANU-
of the Commercial Chronicle:
The lack of commercial exchanges, and without
To the Editor
:
addition to the
entire Mexican crop.
STATISTICS OP COTTON MILLS IN MEXICO.
No.
States.
of
Lo ms.
Spindl's
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 Ornelas, 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
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
supposed product of other little-known cotton producing
countries. The result has been far from satisfactory, and one
of the oldest, if not the oldest, cotton-producing countries of
the world has been almost entirely overlooked.
Cotton is indigenous to Mexico.
This is proved by the fact
that when Cortez landed in that country A. D. 1521 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 archiologis^;, Senor Alfredo Chavero, in an ancient stone burial
casket in a cavern in a large ravine near Tejupilco, in the
State of Mexico. Judging by other objects, such as idols,
ancient ceramics, 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 Yavyizqui ocelotl, a
species of mountain wild cat, found in the casket, shows it to
have been the place of sepulchre of ajlistinguished warrior.
Tradition further states that long prior to the conquest of the
country by Cortez the victors in the internal wars of Mexico
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
Cost
48
S3 no)
132 non
200 000
25 “
126
250,000
600,000
22 “
287
609
190,000
277,000
1,962
1,237,000
75
45,000
15,000
290,000
712,000
2,364.000
70,000
35,000
374,200
810,000
2,280,000
5,leO,000
San Luis Potosi..
1
Guanajuato
4
Vera Cruz...
5
Durango
7
Mlchoacan
3
2,500
6,068
26,200
05,5SO
4,500
2,500
6,200
10,000
4,600
19,000
21,000
3,750
5,030
7,200
Coahuila
7
0.550
210
Nuevo Leon
3
3,100
95
Sonora
Yucatan
1
900
30
1
700
20
Zacatecas
1
500
15
Aguas Caliente..
1
750
87
217,894
l
Queretaro
1
Cliih' alma
3
Oaxaca
2
Jalisco
10
Co’ima
2
Total
23 cts.
1 046
1
3
.
673
16,778
Sina'oa
lb.
Mtxic'n lbs at Mills
-
3
Guerrero
Cost
per
3,550,000
1,550,000
Mexico.
2
of Cotton,
$1,125,000
493,775
1,140
Flaxcala
Consymp'n
$720,000
2*,5,170
29,848
20
Total
Value.
\
5
Puebla
of
Machinery
Federal District..
20,911
47.395
47,301
253.578
3
table of the cotton manufactures
of Mexico, which has also been prepared by Dr. P. Ormelas,
and it will be seen that Mexico requires in average years about
208,021
FA CTURES.
Dear Sir
be about 57,319 bales.
Now refer to the following
*
523 008
Expenses include taxes in both years.
THE
bales of about
three hundred and fifty Mexican pounds, the total crop would
favorable American consuls in Mexico, and with
12,800 bales of cotton from the United States in
81.
127.034
211.097
82,709
49,491
43,0c>9
16,052
15,512
$
161.178
183,070
cotton before it has been ginned;
Mills
47,3'jl I
199,285
25,951
still,
taking these figures and computing the yield of lint cotton to
be but one third, which is the estimate of one of the least
This is seed cotton, or
1
205,6s7
8
318,932
127,064
130.486
1,570.756
1,449,785
252.988
18,-17
16,082
47.U91
*
523.008
50,060
18<w4
Texas & New Orleans—
1885
1884
00.091
$
♦
1,047.748
39.828
140.375
150,716
Jan. 1 to Jan.
*
211,097
254,134
423,789
25.700:
1,570,756
1,419,785
125,425
807.274
3,238,898
3.072,448
17,681
22,8041
1
January.
Name.
§
1,189,007
50,944
67,180
1884...
Gross
Net
Earnings. Earnings.
1,5*18,949
1,510,754
1885
1884
West Jersey—
1885
Operatingl
Net
Earnings. expenses. Earnings.
Phila.A Read. Coal & iron—
1885
1884
Union
1885
1884
443
THE CHRONICLE
1885.]
April 11,
80
930,000
80,000
25
20,000
12,000
10,000
12,000
278,0n0
146,000
42,000
27,000
18,000
28,000
1,200,000
2,200,000
570,000
1,550 000
2,176,000
480,000
420,000
930,000
785,000
326,000
130.000
65,000
40,000
70,000
8,745
$4,433,176
$9,071,775
25,8 0,200
80,000
200,000
400
600
340
52,000
580
155*000
381,000
47,000
780
170
805
175
That cotton should have
under the most favorable
111,000
80,000
131,000
61,009
185,000
550,000
122,000
405,000
907,000
107,000
233,000
196,000
24 “
22 “
20 “
23 “
24}£*
24 “
17 “
10 «•
15 “
15 44
18 “
17 “
16^“
11«“
16 “
16^“
18 “
20 “
20 "
20 “
been cultivated for so long a time
influences of soil and climate, and
made in cotton manufactures as is the
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 the entire valley and often
several feet in depth, thus doing away with all need for
In this valley cotton grows to be
manure or other fertilizers.
a small tree, and Senor Donato 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, however, are annuals, and similar to those grown in the cotton
district of the United States. Cotton plants twelve feet high
are so common in the Laguna as to excite no surprise, and
with such progress
case
in Mexico,
Senor Gutierrez has
counted
as many as a
thousand bolls on a
single stock. When these statements are considered with the
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
are
considered.
It is only necessary to say that no
precautions are taken by Mexican planters to guard
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 unused, and neither are any of the
poisons used to destroy the worms. The worms come and
make a clean sweep. It is confidently predicted by those who
have given this subject their personal attention and study that,
recent years.
Dr. P. Ornelas, in his studies on this subject, has prepared with the adoption of those precautions agiinst the cotton
worms which the experience of American planters has shown
from, official reports to the Mexican Government the following
to be effective, the cotton crop of Mexico will amount to con¬
tabulated statement of the Mexican crop of seed cotton, esti. siderable importance not only in the home market, but also as
one of the leading exports of that country.
mated in Mexican pounds of sixteen ounces each.
Certain it is that
Mexico is well represented at the World’s Industrial and
SUMMARY OF MEXICAN COTTON CROP BY STATES.
Cotton Centennial Exposition, not only in its exhibits of its
Mexican
natural and manufactured products, but also in its most distin¬
Mexican
States.
States.pounds.
pounds.
guished scientists and scholars who form its resident National
Commission. Besides this there are a large number of wealthy
Coahuila
5,914,629
101,^51
and land owners of that country who are present at
capitalists
Colima
3,584,625
8.584,625
the Exposition engaged in studying the varions exhibits of
1,358,811
Chihuahua
1,204
434
Tamaulipas
6,997,188
Durango....
Vera Cruz
25,237,932 modern machinery, etc., for the purpose of adopting such of
the recent inventions are are best suited to the development of
Guerrero
4,731 705
5,800.108
Jalisco
546.290 j
Hidalgo
the unparalleled natural resources of Mexico.
00,185,499
Total
Miohoacan
1,003.695 |
Stephen Gould, 25 Camp Street, New Orleans, La.
•
THE CHRONICLE.
444
AT LATEST DATES.
!
Mar.
Mar.
u
Mar.
20-68 #20-72
Hamburg..
«
Berlin
20 69
#20-72 I Mar.
44
20-69
3)20-72
1 Mar.
Frankfort...
44
Vienna
12-50*4 -3)12-50%! Mar.
44
25-57*2 25-62 V Mar.
Antwerp.
Paris
Chi cks 25-33 #25-40
Mar.
Paris
3 mos. 25-.36 *4® 25*61 *4 Mar.
4*
Mar.
fit. Petersb’g
24*8a>24*4
“
Genoa
25*70 q #25-61*4 Mar.
44
Mar.
Naples
44
Mar.
Madrid
46*4 #4038
44
Cadiz
Mar.
46*4-5)4638
44
Mar.
Lisbon
44
Alexandria
Mar.
<4
Mar.
Constant’ple
New York... 60 days
Mar.
Is. 6*51Bd.
Mar.
Bombay .... dem’nd
44
Calcutta
Is. 6i5itd.
Mar.
Mar.
Hong Kong.
Mar.
Shanghai....
Amsterdam. Short.
Amsterdam. 3 mos.
12 134
®12-2?4
12334 a 12-4*4
.
...
.
••••••
.
m
m
a
....
.
1 From
our own
for deposits by
Trade Bills.
Bank Bill3.
London
Rate.
Time.
26 Short.
<4
26
44
26
44
26
4 4
26
44
26
44
26
44
26
26 3 mos.
44
26
26 Short.
44
2b
26 3 mos.
44
26
26
Interest allowed
Open market rates.
<"v*
Joint
a
12 10
-
20-50
20-49
20 50
12-4J
25*40
25-38
Three
Four
Months
Months
1
Latest
Date.
commer¬
*
EXOHANGE ON LONDON.
Rate.
Time.
a
cial
BATES OF EXCHANGE AT LONDON AND ON LONDON
On—
return of ease may
be calculated upon, as the
inquiry remains restricted.
The following are the present prices for money.
and
Planetar gi©crmmcrctal gtiglish Uterus
EXOHANGE AT LONDON-Mc7i. 27.
rvoL. xl.
Feb. 20
“
4
6
4
“
13
4
“
20
Mar.
'
4
27
“
3)4®
-
3\®
3*4
2? 3)4 3)4®
—
-
Six
[
! Three
Four j
Six
Months Months Months Months
Sits®3 >4 3li&m 3*4® 3*4® - 3*4® — 3$4®3)4
3*4® - 3*4® - 3%® 3)6® - 3*4® - 3-?4®3%
2%®3 2)4® — 3)4no ui
3 ® - 3 @ — 3% £3)4
Disc't
At
Stock
Banks. Call.
Days.
3
354®3,4 3)4® 4
3W@ -3)633%
3
3
3
3jK $3!4
3% ®3)4 3X®35$
3)4nom 3)6®3*4
3*4 £3)6 3*4@3;)6
3
3
3
3
2)4
2)4
2)4
2)43 1H-2H
3>4 3
-
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:
The
25-45
47-80
44
1885.
44
26
44
26
27 60davs
27 tel. tsfs
44
27
27 4 mos.
<4
27
Circulation excluding
11000
4-84*4
‘
Is. 6*3lftd.
IS. O^o.'jgd,
3s. 634<t.
4s. 105ad.
.
correspondent. J
London, March 28, 1885.
1882.
1883.
1884.
£
£
£
£
25,103,530
12,450.230 10,84^,936
22,569,025 22,865,747
Governm’t securities. 14,651,801 12,453,063 13,361,623
Other securities
23,123,780 24,454.897 25.910,332
Res’ve of notes & coin 17,923,737 16,581,490 12,965,343
7-day and other hills 23,817,645
Public deposits
11,897,477
Other deposits....
25.333,692
24.648,935
...
Coin and bullion in
both departments..
Proport’n of reserve
to liabilities
Bank rate
Consols
25,991,332
25,480,425 22,319,873
10,074,368
24,042,840
13,396.649
24.617,458
14,666,854
24,082,964
38*4
47 is
47-96
3*2 p. c.
25,166,110
42^4
-
3
3 p.o.
o V. u.
p. c.
102*31.
101d%.
973lfid.
1021 i«d.
past week has not witnessed any improvement in the
42s. 4d.
418. 5d.
31s. lid.
37s. 7d.
Eng. wheat, av. price
5d.
61 ied.
political situation. The calling out of the reserves and the Mid. Upland cotton..
53gd.
53qL
9^d.
lt>78d.
No. 40 mule twist....
9 Sad.
9qd.
reserve militia can only be taken to mean that the Government
Cle wing-House ret’n. 89,559,000 107,630,000 72,507,000 100,067,000
have recognized the necessity of being prepared for every
The Bank rate of discount and open market rates at the
eventuality. The gravity of the situation has not diminished, chief Continental cities now and for the previous three weeks
but neither have hopes of the maintenance of peace been
have been as follows:
abandoned. We have been fluctuating during the past few
March 5.
March 12.
March 19.
March 20.
days between optimism and pessimism, and for the moment
Rates of
the latter appears to be in the ascendant. The unwonted and
Interest at
Bank
Open
Bank
Bank
Open
Bank
Open
Open
Rate.
Market
Rate. Market
Rate. Market Rate. Market
unexpected display of energy by the Gladstonian ministry,
and the rapid mobilization of forces, will no doubt have a great Paris
2H
3
3
3
3
m
2-H
2H
4
3
5
2H
5
5
3)4
3)4
deal to do with preventing an actual rupture, as Russia had Berlin
4
3
5
2%
3H
5
5
Frankfort
3)4
evidently not counted upon anything but a war of words, and Uamburg
4
5
2)4
5
5
2!H
3)4
3*4
3
3
2H
the prospect of real fighting must therefore have come as a Amsterdam
3
3
2H
2%
254
3
3
2H
3
3
2%
Brussels
2H
2H
surprise to her.
4)4
4)4
4)4
4)4
Madrid
4)4
4)4
4)4
4)4
That there could be any extension of commercial or indus¬
4
4
3*4
4
3)4
3)4
4
3)4
Vienna
0
8
0
0
0
0
0
0
trial enterprise under existing circumstances, is, of course, out St. Petersburg..
The
'
ef the question.
In the hardware districts quietness is as
clearly defined as ever, and there is very little activity in other
branches. The wool sales appear to be going off well, par¬
ticularly 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
Copenhagen
4
Messrs. Pixley
bullion market :
4
4
4
4
4
4
4
& Abell report as follows on the state of the
Gold—The order for Spain has now been completed, and with the
a very small amount bought for India, the hulk of the
arrivals have been taken to the Bank,which has received since our last
£346,000. The Peshawar takes £10,000 to Bombay.
Silver has fallen away rapidly from our last quotation of 193lfid., partly
owing to a large remittance from the River Plate arriving at the same
time as the usual fortnightly shipment from Chili, and also afterwards
to the very small and unfavorable allotment of India Council hills,
followed by the announcement that the India Council intend offering a
further 5 lakhs for tender next week (being the commencement of the
financial year), and we now quote 49d. fiat. The Valparaiso brought
exception of
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
active at the improvement. The failure of Messrs. Scaramanga,
£39,000 ‘from Chili; Horrox, £64,000 from River Plate; Celtic,
one of the largest Greek firms in the Russian trade, reported
£14,000 from New York. The Peshawar takes £133,000 to India.
Mexican Dollars—The arrivals by the last French steamer were dis¬
during the week, with liabilities estimated at £260,000 and with
posed of at 48*8‘1. per oz., showing a considerable advance on the last
assets subject to realization promising a dividend of 10s. in the quoted price. The rate subsequently declined to 4Sd. per oz., in sym¬
pathy with, the lower quotations for silver. The Clyde takes £93,730
pound, was, like that of Messrs. Spartali, mainly due to the to
the East.
continued depreciation in the value of wheat. The firm’s
The quotations for bullion are reported as follows:
losses in the 18 months have been estimated as high as
Mar. 20. Mar. 19.
Price of Silver.
Mar. 26. Mar. 19.
Price of Gold.
£200,000 on grain alone. The immediate cause of the suspen¬
d.
d.
s.
d.
8.
d.
sion seems, however, to have been an attempt to retrieve their
unfavorably
even
Bar
77
9
77
Bar silver, fine..oz.
9
49
49 3-16
fine., oz.
position by dabbling on the Stock Exchange, and as like the Bar gold,
Bar silver,containgold, contain’g.
49 9-13
49)4
77 10)4
majority of outside speculators they preferred the “bull”
ing 5 grs. gold..oz.
20 dwts. silver.oz. 77 10*4
53 1-16
5:1)4
Cake silver
oz.
tack and had given a preference to such risky stocks as Grand
43
Mexican dols...oz.
Trunks and Brighton A’s, they have suffered rather severely— 8.Am.doubloons.oz.
The number of failures in England and Wales during the
to the extent it is said of £25,000—and the fact of their being
unable to meet these differences has expedited the crisis and week ending March 21 was 95, or 15 more than the correspond¬
compelled them to call a meeting of their creditors. It is a ing week of last year, but there is a net decrease to date of
matter for congratulation that the fortnightly settlement 107.
The number of bills of sale published in England and
which was concluded yesterday was arranged so easily, when Wales for the week was 251, or 6 less than last year, the
the further serious fall in home railways, and Grand Trunks decrease to date being 33. The number published in Ireland
is taken into consideration. The position of the stock markets for the week was 31, being 19 more than for the corresponding
just now is anything but satisfactory. The only department week of last year, but showing a net decrease to date of 25.
Tenders for £1,000,000 Commissioners of Sewers of the City
in which steadiness is at all apparent is that for American
of London 31^ per cent debentures amounted to £1,048,900, at
railways, in sympathy with the improved New York advices.
Money has been rather wanted during the week from a prices ranging from 100 to the minimum of 96. Tenders at
variety of causes. A heavy instalment fell due on the last 96 received about 91 per cent of the amount applied for, and
New South Wales loan, and in addition there was the Stock those above in full. The average price was £96 10s, lid. per
Exchange demand to meet, besides the quarterly payments cent.
Some of the largest shareholders of the late Oriental Bank
and the subscriptions to the Commissioners of Sewers 3J£ per
cent to loan for £1,000,000. Floating balances have consequently corporation have requested the official liquidator to convene
l>een reduced, causing quotations rather to harden.
In a few a meeting to consider a scheme for the formation of an asset3
days, however, we shall have the dividend money distributed, company, to acquire any assets which promise great improve-
'
......
April
ment in
be th«
value, but which require in the meantime to
-
IMPORTS.
1883-4.
1882-3.
1881-2.
31,165,478
35,913,002
34,813,840
9,907,502 10,418,293
10,587,497
8,207,297
1384-5.
cwt. 26,675,321
Barley
Beans
Indian
Flour
6,920,285
1,012,709
1,476,506
15,275,374
8,648,850
6,002,581
1,136,977
2,016,692
12,933,288
9,265,660
Oats.....
Peas
8,225,231
1,265,471
4,963,640
1,010,610
994,033
1,449,182
9,326,804 12,259.957
9.815,043
4,862,659
Supplies available for consumption (exclusive of stock on Sept. 1) in
twenty-nine weens:
corn
1882-3
1883-4.
1884-5
*.
62,105,219
70,486,045
65,822,904
62,900,160
Total
The extent of the sales of home-grown
wheat, barley and
leading markets of England and Wales during the
first twenty-nine weeks of the season, together with the aver¬
age prices realized, compared with the previous season, are
oats in the
A v'(je
Price
d.
5
5
214,364 19 9
Av'gc
Sales.
8.
s.
1,879,507 32
2,842,245 31
Wheat, qrs
Barley
Oats
Sales.
Price
1,813,234 39
2,872,158 32
256,401 .19
s.
d.
d.
4 1,428,331 41 3
7 1,794,448 34 0
8
188,735 21 8
24,758,000 22,428,720
cwt. 26,959,179 26,008,576
The following shows the quantities
maize afloat to the United Kingdom:
Wheat
present.
qrs. 2,846,000
At
Wheat
.
Flour,equal iu qrs
Maize
qrs.
246,000
191,000
of wheat, flour and
1883.
Last week.
Last year.
2,738.000
240,000
I,7o0,000
2,378,000
269,000
256,000
224,000
330,000
254,000
3
0
9
0
6
59
0
securities, &c., at London,
at Liverpool, are reported
follows for the week ending April 10:
3
Mon.
lues.
Wed.
0
9
d.
49
4S78
4878
971316
977,8
Consols for account
Fr'ch rentes (in Paris) fr
U. 8. 4ks of 1891
U. 8. 4s of 1907
Canadian Pacitic
Chic. Mil. & St. Paul....
Erie, common stock....
Illinois Central
98
97~ic
079lrt
78-7212
114-6
124^8
707b
1278
139
Pennsylvania
DO
Philadelphia <fe Reading
7k
9134
New York Central
S3
39
o
K
9rf
Thurs.
Fri.
48 78
94%
94%
$1,704,548
6,341,998
Total
Since Jan. 1.
$11,551,470
$8,293,985
$9,394,712
$8,046,546
Dry goods
Gten’l mer’dise..
$43,350,739
93,867,117
$41,804,454
$38,675,125
85,664,381
85,894,133
$31,408,987
72,004.647
$127,468,835 $124,569,238 $103,413,634
Total 14 weeks. $137,217,856
In our report of the dry goods trade
ports of dry goods for one week later.
will be found the im¬
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:
EXPORTS FROM NEW YORK FOR
THE WEEK.
For the week...
Prev. reported..
$6,161,401
$7,501,821
82,726,830
91,833,216
$5,463,262
74,^39,361
$6,450,710
84.424,364
Total 14 weeks.
$88,588,231
$99,335,037
$80,302,623
*90,875,074
The
following table shows the exports and imports of specie
port of New York for the week ending April 4, and
January 1, 1885, and for the corresponding periods in
at the
since
1884 and 1883:
EXPORT8 AND IMPORTS OF
SPECIE AT NEW YORK..
Imports.
Exports.
Sold.
1,412,991
9,562
(Germany
2,906,555
244,000
3,700,332
6,959
206,347
6,356
97,196
3,500
129,875
75,400
$247,500
3,241,922
$3,923,669
16,810,712
$13,315
West Indies
YTexico
76‘47 k 77-2;
115
55k
7k
9ik
$
$
$8,500
$
Gl-reat Britain
France
Since Jan.l.
Week.
Since Jan.l.
Week.
14,900
..
South America
All other countries...
Total 1885
Total 1884
Total 1883
2,971
7,576
786,946
90,250
Silver.
Rrif.i^in
France
i
(Jerman /
West Indies
$237,500
25,513
$3,577,708
14,758
115,394
3outh America
All other countries...
•!•••-
4,235
316,189
Total 1885
$277,771
Total 1884
186,542
Total
383.224
1883
$4,640,950
333,243
4,135,049
$
$
76
132,096
58.677
77,763
7.382
3,738
20,930
Mexico
150,160
76,343
4,608
$308,961
$32,050
56,203
$4,204,299
4,260,548
4,759,585
1,302,682
1,650,207
151.411
Of the above imports for the week in 1885, $8,250
American gold coin and $7,475 American silver coin.
were
Of the
exports during the same time, $3,500 were American gold coin.
U. S. Sub-Treasury.—The following table shows the receipt
and payments at the Sub-Treasury in this city, as well as the
balances in the same, for each day of the past week :
1243a
38
7258
127g
129%
55k
115
124 k
38k
$
Apr. 4.
72%
1278
129%
55k
7k
7%
92 k
92 k
561,073 16
1,145,477 13
6.
7.
8.
9.
10.
*1,597,171 18
Total...
5.955,498 73
“
k
Receipts.
Date.
“
114%
1243b
38k
123s
1885.
1884.
1883.
1882.
“
78^0
129
1885.
1884.
$2,358,983
7,035,729
95k
9ok
ll47a
71
0
$2,400,051
5,893,934
4815i6
78,55
12438
38 58
7 1 3g
12%
129 k
55 k
7k
1 91%
0
3
0
9
$2,822,544
8,728,926
“
Silver, per oz
Consols for money
32
85
34
59
Dry goods
QenTmer’dlse..
“
Sat.
4
59
0
5
8k
9k
Balancea.
The daily closing quotations for
and for breadstuffs and provisions
London.
5
4
59
32
85
34
English. Market Reports—Per Cable.
by cable as
6
8k
1883.
1881-2.
1S82-3.
0
9
1882.
Converting quarters of wheat into cwts., the total sales in
the above periods were as follows:
1883-4.
D
For Week.
the whole kingdom during
1884-5.
HH
8k
6k
3
7
7
7
1
2
i
1
7
6
dr.
0
8
2
7
s.
10
5k 7
7
2
7
3
11
7
8k
5
8k 4
59
0
3
32
85
0
34
9
60
6
FORRIQN IMPORTS AT NEW YORK.
Av'ye
Price
r—
0
2
2
9
d.
0
s.
10
first week in January:
'
Sales.
>>
d.
0
f
Week.—The imports of last
of the preceding week, show
a decrease in dry goods and an increase in general merchandise*
The total imports were $8,046,546, against $7,537,134 the pre¬
ceding week and $7,743,652 two weeks previous. The exports
for the week ended April 7 amounted to $6,450,710, against
$5,824,232 last week and $5,907,268 two weeks previous. The
following are the imports at New York for the week ending
(for dry goods) April 2 and for the week ending (for general
merchandise) April 3; also totals since the beginning of the
1882-83.
I8S3-84.
10
Imports and Exports for the
shown in the following statement:
1884-85.
8.
0
week, compared with those
Imports of wheat, cwt.26,675,321
9,265,660
Imports of flour
Sales of
d.
(Commercial and UMscellaueous Items
1881-2
31,165,478 35,913,002 34,813,840
8,643,850
9,815,043 4,862,659
home-grown..26,959,179 26,008,576 24,758,000 22,428,72o
s.
10
7
7
7
6
5
4
59
32
85
34
59
d.
8.
State).100 lb. 10 0
1
7
Wheat,No.2,3pr’g “
7 2
Winter, West., n “
7 3
Cal., No. 1
“
6 9
“
Cal., No. 2
5 8k
Corn, mix., old... “
4 6
Jorn, mix., new..
“
Pork, West. mess.. $ bbl 59 0
32 3
Baoon, long clear
Beef, pr. mess, new,# to 85 0
Lard, prime West. # owt|34 3
59 0
Cheese, Am. choice
Flour (ex.
fri.
Thurs.
Wed.
Tuts.
Mon.
Sat.
Liverpool.
subject of outlay. This scheme may enable the shareholders
to recover a material portion of their lost capital, which in
the absence of such an arrangement seems irrevocably gone.
The official liquidator estimates that the ordinary course of
winding up will give the creditors less than 20s. in the pound.
The grain trade has been in a rather fluctuating state during
the week. The opening was dull, and wheat was not held
with steadiness ; in fact, had their been an inclination to force
sales, prices might possibly have given way ; but as the week
progressed the tone became stronger, and when it was
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 was
taken, rightly or wrongly, to indicate greater gravity of the
political situation, and there was consequently 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 is up
to the present time insignificant.
The initiation of a specu¬
lative movement in America is not responded to here.
In our
trade
the speculative element
seems
to be
almost entirely eliminated.
We have unfortunately had
frequent 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 as they can conveniently
carry without committing themselves to further risks.
Pos¬
sibly 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 last season:
Wheat
415
THE CHRONICLE.
11, 1885.]
957,848 63
726,278 44
967,650 19
Payments.
$
Currency.
Coin.
$
954,909 23 142,608,065
1,300,488 47 142,426,639
1,353,877 90 142,202,616
661.185 71 142.185,704
818,080 49 142.375.877
$
22.630,489 02
22,656,903 44
22,484,896 51
22.566,901 88
13 22,520,293 62
01
15
81
17
1,041,844 59 142,298,356 09 23,159,190 25
6,130,386 39
$400,000 cotes received from Washington.
—Attention is called to the removal of the
*
Includes
Commercial
Company to large and beautiful
offices at No. 42 Wall Street, Merchants’ Bank Building. This
company is one of the old and enterprising corporations, and
shippers will in future find them in a more convenient location
Mutual Marine Insurance
for business.
*
446
THE CHRONICLE.
3£he Bankers7 (layette,
DIVIDENDS.
The following dividend have recently been announced
Name of Company.
Per
When
B)oks Closed.
cent.
Payable.
(Days inclusive.)
[Yoi» XL.
$ discount, selling $ discount @ par; Charleston, buying $
premium, selling 3-16 premium; Boston, 5@10 premium; New
Orleans, commercial, 100 premium; bank, 200 premium; St.
Louis, 100 premium ; Chicago, 60 discount.
The posted rates of leading bankers are as follows :
April 10.
Railroads.
Atchison Top. & Santa Fa (quar.).
Baltimore & Ohio Main Srcin
Do
Do
Wash. Branch.
Housatonio (quar.)
8t. Paul * Northern Pacific
$1 50 May
5
5
NSW
YORK,
April 19 to May
3
April 29 to May 15
lk
lk
April
April
April
2k
April 10 April 9 to April 10
miscellaneous.
Union Trust Co. (quar J
May
15
16
17
15
15
April 9 to April 15
April 11 to April 15
FRIDAY, APRIL 10,
vailing stagnation at the Exchanges was relieved on Thursday
by an activity and buoyancy based entirely on the Anglo-Rus¬
sian
Prime bankers’ sterling bills on London
4
4
4
5
Prime commercial
Documentary commercial
Paris (francs')
Amsterdam (guilders)
Frankfort or Bremen (reichmarks)
Coins.—The
1885-6 P. HI.
The Money Market and Financial Situation.—The pre¬
Sixty Days Demand.
85k
82%
S2k
4 88
22k
5 20*8
40 k
40%
94k
95
following are quotations in gold for various coins:
Sovereigns
$4 84
3 85
Napoleons
X X Reichmarks. 4
X Guilders
3
Spaii’h Doubloons. 15
.4sx. Doubloon3..15
®$4 87
3 90
74 ® 4 78
96 @4 OO
55 ®15 75
55 ®15 65
C6%@ 1 073a
par ® % prem
®
Sliver *48 and %s.
Five francs
Mexican dollars..
Do uncommerc’l.
Peruvian soles....
—
—
—
9934®
92
84
®
®
par.
94
—
—
84%
83% ® — —
763*® — —
English silver.... 4 78 ® 4 84
—
—
1
U. 8. trade dollars
prospects. Wheat has been more firmly held for some F nesilver bars
84 ®
Fine gold bars
U. 8. silver dollars
99% ® par.
time past on the reports of injury to the winter
grain and the Dimes* k dimes. 99%® par
belief that the whole crop of 1885 would be smaller in conse¬
United States Bonds.—Only a moderate amount of busi¬
quence of the low prices which have ruled, but on Thursday ness was done in Government
bonds, and prices remain about
the price was fairly bounced upward by the bull
speculators in steady. Whatever bonds are now owned abroad would prob¬
Chicago and New York, who were greatly assisted by the ably be retained by their owners,
and prices of U. S. Govern¬
scrambling of the shorts. On the other hand, cotton was ment bonds might very possibly be
strengthened by an increased
depressed by the war rumors. Consols in London closed at demand for them.
94$ on Thursday night, opened at 95$ this morning, advanced
The closing prices at the N. Y. Board have been as follows:
to 95 11-16, and closed at 95§,
indicating a much more peaceful
Interest April April April April April Api'il
tone.
war
..
—
—
—
—
Periods.
The
4.
6.
7.
8.
9
10.
monthly statement of railroad earnings will be found on
4%s, 1891
reg. Q.-Mar. ‘112k 112 k *112
*112k *H2k *112k
another page, including also the net
earnings from January 1 4%s, 1891
coup. Q.-Mar. 112% *!)2k *112k *H2k *H2k *H2k
4a, 1907
121% 121% *121% *121% *121% *121%
reg. Q.-Jan.
to March 1, so far as they have yet been
reported. The returns 4s, 1907
coup. Q.-Jan. *12138 *121% 121% 121k *121% 121k
are very
option U. 8—reg. Q.-Feb. *101
*101% *101% 10lk *101% *101%
irregular as compared with 1884, some roads showing 3s,
*125
63,our'oy, *95—reg. J. & J. *125
*125
*125
*125
*125
improvement and others a decrease, but it has been well known Oa.cur’cy, ’96
*127
*127
*127
*127
*127
reg. J. & J. *127
that both February and March were bad months for the rail¬ 63,cur’cy, *97—reg. .T. & J. *129 *129 *129 *129 *129 *129
6*,cur’cy, *98—reg. J. & J. *133 *133 *133 *133 *133 *123
6s.onr’c.v. *99.. .reg. J. A J. *134
*134
*134
*134
roads on account of the great
*134
*134
severity of the weather. It is
worth noting, however, that in the two months of
This is the prioe bid at the morning board; no sale was made.
January and
State and Railroad Bonds.—The dealings in State bonds
February the exports of each of the articles, flour, wheat and
were
more active than for some time
corn, from the United States, were larger in quantity than ever
past, the sales including
before in the corresponding two months; but the total value $73,000 Tennessee compromise bonds at
53$—53; $8,000 do.
was not
relatively as large, owing to the low prices which then 6s at 47; $44,000 North Carolina consol 4s at 86$—88—87$;
ruled.
$15,000 do. special tax at 4; $1,000 do. 6s 1919, at 108$;
Rates for call loans during the week on stock and bond $4,000 Alabama class A at
88; $2,000 Missouri 6s 1887 (Han¬
collaterals have ranged at $@l$per cent, and
nibal & St. Joseph issue) at 104$.
to-day at 1@1$
Railroad bonds were moderately
per cent. Prime commercial paper is quoted at 3 $@4$ per cent.
active, and in the early part
The Bank of England weekly statement on
of the week the tone was
generally irregular, with many classes
Thursday showed
a loss in
specie of £368,286, and the percentage of reserve to declining.
On Thursday, however, bonds were stronger in
liabilities was 47, against 44'<9-l6 last week; the discount rate sympathy with the upward
turn in stocks, and Erie 2ds were
remains at 3$ per cent.
The Bank of France lost 82,000 advanced on large transactions, after having declined early in
francs in gold and gained 10,000 francs in silver.
the week.
The Chesapeake & Ohio “B” bonds were
again a
The New York Clearing House
banks, in their statement of leading feature, selling off in the early dealings, accompanied
April 4, showed a decrease in surplus reserve of $1,295,875,“ by a rumor that the May interest would not be met, but later
the total surplus being $47,125,850,
against $48,421,725 the re-acting a little. Erie 2ds close at 54$, against 54f last week;
West Shore 5s at 29$, against 30$; Chesapeake & Ohio series
previous week.
The following table shows the
B
at 64, against 66; do.
changes from the previous
currency bonds at 17$, against 22;
week and a comparison with the two
Texas
&
Pacific
Rios,
coupons off, at 47$, against 49; do. income
preceding years in the
and land grant bonds at 31, against 34; New York
averages of the New York Clearing House banks.
Chicago &
St. Louis lsts at 79, against 76$; Central New
Jersey
consol,
1885.
Differ’ ncesffm
1884.
1883.
April 4.
Previous Week.
assented,
coupons
off,
at
92.
96,
against
April 5.
April 7.
,
*
-
Loans and die. $302,757,100 Inc.$1,775,900 $347,600,500
$311,039 4^0
104.484.400 Dee.
61.950.200
268, lOO
50,6 -0,40o
Circulation...
10.953.800 Inc.
54,100
14,391,7
16,532,00)
Net deposits.. 3-2.684.200 Dhc.
759,700 343,96h,3 )0 280.9rt0,40n
Dee.
Legal tenders.
30.812,50^
1,217,400
28,246,000
15,923,700
Legal reserve $88,171,0)0 Dee. $189,925 $85,992,325 $70,245,100
Reserve held.
135,290,9 jG Deo. l,485,80u
90,196 200
66,544,lw0
Specie
Railroad and
characterized the
Miscellaneous Stocks.—Extreme
aulness
dealings at the Stock Exchange during the
early part 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 North¬
Surplus
$47,125,8c O Dec.$1,295.875
$4,203,875 df.*3,701,C00 ern Pacifies, which declined on the rumor that the dividend on
Oregon Navigation would be passed or reduced.
Chicago
Exchange.—The sterling exchange market continues very Burlington & Quincy also declined quite sharply in consequence
dull, with no special feature, though rates continue firm as last of the relatively poor exhibit of earnings.
On Thursday, however, the whole
quoted. In case of positive war between England and Russia
aspect of the market
changed, and with the cable reports of the commencement of
it is believed by many bankers that at first there would be
a
hostilities between Russia and the
Afghans, the advance in
demand for gold in London, that American railroad securities
prices of active stocks was quite marked. The immediate
would be sent home and rates of
effect in London was a severe fall in British consols and Russian
exchange would advance.
To-day the rates on actual business were as follows, viz.: bonds, and strength in American securities, and in Wall Street
the price of consols is watched more closely as an indication of
Bankers’60 days’ sterling, 4 84$@4 84|;
demand, 4 87@4 87$. the real situation of affairs than the various -war rumors in
Cables, 4 87$. Commercial bills were 4 83@4 83$. Continental newspapers. To-day the dispatches from London were more
bills were : Francs, 5 21$@5 22$ and 5
20@5 20$ ; reich- peaceful in tone, and the market generally sagged. It was said
inarks, 94$@94f and 95@95$; guilders, 40@40$ and 40$@40f. that a large amount of stock was marketed on Thursday by^
parties who did not believe in the war rumors as a vitalizing
The following were the rates of domestic
exchange on New force of any long-continued effect.
Towards the close the
York at the under-mentioned cities to-day : Savannah,
buying market relapsed into dulness, with prices tolerably steady.
April
THE CHRONICLE.
11, 1885.]
417
NEW YORK STOCK EXCHANGE PRICES FOB WEEK ENDING APRIL
HIGHEST AND
STOCKS.
Saturday,
April 4.
LOWEST
Tuesday,
April 7.
Monday,
April 6.
PRICES.
Wednesday,
April 8.
10, AND SINCE JAN. 1, 1885.
Sales of
the Week
Thursday,
Friday,
April iO.
April 9.
For Full
Year 1884.
Range Since Jan. 1,1835.
(Shares).
Lowest.
Highest.
Low.
High
126
135
90
80
RAILROADS.
.
Albany A Susquehanna
Boston & N.Y. Air-Line, pref..
Burlington Cod. Rapids & No..
*
Canadian Pacific
124
89*2
29 V
10 V
33
30 78
5
••8
Chesapeake A Ohio
1st pref....
2d pref....
Do
pref.
Chicago A Northwestern
Do
pref.
*29
32%
31*8
6
9
6
5
33%
31*8
114
Dubuque & Sioux City
8*a
15*4
24%
8
*15
ct
Indiana Bloomingt’n A West’n
Lake Erie A Western.
Lake Shore
Long Island
Louisville A Nashville
Louisville New Albany A Chic:
Manhattan Elevated, consol...
Manhattan Beach Co
Memphis A Charleston
Metropolitan Elevated
Michigan Central
Minneapolis A St. Louis
Do
pref..
Missouri Kansas A Texas
Missouri Pacific
Mobile A Ohio
Nashv.Chattanooga A St.Louis
New York Central A Hudson..
New York Chic. A St. Louis...
Do
pref.
New York Lack. A Western...
New York Lake Erie A West’n
5
5
137
137
25*2
85*2
84*2
10
*29*4
*9*2
10
33 7s
3034
334
34
85*4
31*2
32
7*2
7*2
3*8
*5
134
30*2
500
255
11
500
34*2
31*4
34
31*2
4
*7 *4
4
3'”a
7*2
25 ’2
85*2
104
7
7
7
6*4
*3*4
334
6*4
3*4
534
3*4
*5*2
3*4
534
f4
33
31
140
*47
*3
3*4
*12
17
*12*2
*1234
59=8
*72
31
*24
*46
*3
50
*13
15
50
90*2
6
"3”
15
16
26
78
77 7s
25
25
7734
78*4
37*2
37*a
*104
55
*103*2
*11*2
11*4
25 *2
18
12
26
18
*25
17 7s
91
91
91*4
- •
89%’
*
41
90
893b
2
2*4j
5
2
5*4
*87*2
12*2! 1238
5*4
11V
25*4
17%
90=8
1734
17*8
*13
500
38
122,145
1,335
25
900
650
3*2
89
*87
*12
13
12
6034
72%
32
58*2
*72
120
59%
510
100
108,293
400
30% 31%
24
7734
78*4
38*4
38%
7,035
300
78*8 78*8
2,924
38*2
1,600
38*2
*55
69
*104
*55
59
100
12
12
12
25*4
17%
91%
26*2
1734
26%
17%
26*2
17*2
26 V
17%
90%
90%l
90%
91%
12*4
17%
*17
725
18
9,785
5,200
100
89
....
*434
*87*2
12*8
500
90% 9134
*120
39
*2
2
5*4
18%
U§ 12§
88*2
5*2
39*2 39*2
89% 90*2
2*8
2*8
5*4
5%
89*4
122
40
450
500
90
56,693
2
930
750
212
2*4
5*4
88
88
12*4
12*4
12%
*87*2
12%
17*2
17*2
1734
9*4
2*4!
834
8%
*2
*0*2
6
6*2
89
12%
6,370
*17*a
18
2,360
834
9
"907
Do
pref.
NewYork & New England....
‘16*4
New York New Haven A Hart.
New York Ontario A Western.
New York Susq. A Western
Do
Norfolk A Western,
Northern Pacific
Do
Ohio Central
17 36
17
9*8'
9*8
85a
...
pref.
pref
1734
395s
pref
18*4
I
40
1034
1734
38*2
40
3.
3.
Peoria Decatur A Evansville..
Philadelphia & Reading
Pittsburg Ft. Wayne A Cliio...
Do
special.
Rensselaer A Saratoga
Rich. A Alleg., stock trust ctfs.
Richmond A Danville
Richm’d A West P’nt Terminal
Rochester A Pittsburg
Rome Watertown A Ogdensb’g
St. Louis Alton A Terre Haute
Do
pref.
St. Louis & San Francisco
pref..
12%
*13*2
126
1234
11%
12%
14*2
*13*2
14*2'
126
1434 15
125*2 126
121
*234
3
Bankers’A Merchants’Tel....
Colorado Coal A Iron
Consolidated Gas Co
Delaware A Hudson Canal
Mutual Union Tel
Oregon Improvement Co
*8%
21% 21%'
16*2 16%'
38% 38%!
%
a41
11%
12 34
1434
14
1334
13%
1434
200
100
17
17
33%
38%
14
10*2
1034
12*2
*14*4
300
%|
14
10 V
11*4
12 34
17% 18*4
39% 40%
7.
%
'13*2
11*4
12 34
15
17 7,
1734
39%
*%
39%
14
12
11%
12
13*4
15*2
15*2
15*a
15,390
1,085
1,720
*2 34
3
*2 34
2%
22*2
2 34
22*2
234
Feb.
4
44% Jan.
3
50
39
7
31
13% Mar. 12j
41% Mar. 9
23
*2 34
23
27i
23
*2 34
35
11
3
7
5
Apr.
Apr.
Apr.
36
Feb. 20
Feb. 12i
8
37*2
31*2
23*4
27i
20
32 V
*31
20
34
82
*78
8234
*17*2
6*8 17
140*4
9 118
llSVJan. 2 125*2 Mar. 14 107
127%
68*2 Mar. 25 76 *8 Jan. 12 58*4 94*4
102
Jail. 28 108
Mar. 27
95% 119
84% Jan. 2 97% Feb. 26
81% 124
134
Feb. 26 117
H934 Jan. 2
149V
105
Jan.
2 11634 Mar. 14 100*4 126%
9
6
6*2 Mar. 31
Mar.
13%
15
Jan. 17 19
Feb. 27
16*2 35
2334 Mar. 5 29 Feb. 25
21% 38%
82% Jan. 2 91% Feb. 25
8034 100
38
30
28
Feb. 24
69V
Apr. 7
134
Jan. 31 140
Apr. 10 125*8 141
33
33
14*2 Jan. 9 20 Jan. 27
8634 133 V
82% Jan. 22 109*8 Mar.
6*4 Apr. 8 10 Jan. 15
25%
55
Jan.
6
234 Jan. 15
4% Jan. 23
.
Apr.
65
Feb. 12
4% Mar. 10
8
52
Mar.
Mar. 20
52
3
88*4
10*2 1034
4134 42%
*4
55*2
"2
5
65*2
3
10V
42
*4
‘10
53
*2
10V
42%
6
12
53
3
44*8
*88*2 89*2
10*8 10*4
42% 43 34
934
42%
11V
11V
*10
11V
11
11
54 V
55
3
*53
*2
54
*2
54
*53
3
*2
*10
83*2
77 34
56
3
11
83*2
*10
82*2
78%
7834
41V
*2
*10%
84%
85
84*2
85
79*2
79*4
79%
78*2
16
16
16*2
79%
17
*1534
934
42%
*334
89*4
10%
9
41
4
79
11V
88
iOV
42%
9V
10 34
*10%
87
4
600
100
1034
83
80%
1,000
8.310
67,785
54
3
11
8234
80
Mar. 26
.
14
9
Apr.
7
Jan.
7
14% Mar. 21
1034 Apr. 8
12*2 Jau. 22
134 Feb. 28
44% Jan. 19
19
Jan.
2
2% Mar. 11
19
12
16
Jan. 14
Mar. 19
Jan. 15
14% Jan.
2
15*2 Feb. 27
2
2
14% 25%
5
11*4
8%
6*4
34%
7
16%
514
68
68
51
63%
50%
Mar. 13
138
9
5
17I
&
IV
26% Mar. 11
4
19
25
14
18
Mar. 6
Feb. 20
Feb. 26
21
9
3934 Jan. 8
87*a Jan. 30
Feb. 26
24
Feb. 27
80 V Mar. 18
15
65
90
90% Mar. 16
70V
09
22%
77 *2 Feb.
7
7934 Jan.
9*4 Apr.
2
8
41
4
11
Mar. 21
Feb. 3
Feb. 20
Feb. 25
13% Feb. 26
51% Feb. 10
5*2 Jan. 7
14
Jan. 12
10
Mar. 28
11 *2 Mar. 26
51
Jan. 27
56
4
Mar. 11
Jan.
8
83
Feb. 25
14% Mar. 21
17
3
34
73
Apr. 7
Jan.
Feb. 20
Jan. 10
5934 Jan. 29
4634 Mar. 21 62% Mar. 9
Feb. 25
2 115
4*4 Apr. 7
43* Mar. 30
107 *2 Jan.
30
Jan. 30
53 *2 Jan.
2
70
5V
28
30
Adams
American
United States
Wells, Fargo A Co
INACTIVE STIICKS.
Atchison Topeka A Santa Fe
Chicago A Alton, pref
*133
134
*133
136
92*2'
91*4 9134
53*2 *53
55
110*2 110*2*109*2 111
*91*2
53
133*2 133*2
92
55
92
55
109*2 110*8
134
13434 *133
136
92
54
110
92
55
110
91*4
92
55
55
109*2 110
49
1
61%
127*4
17%
11
114
JSt
31
90
334
1*2*
1%
1%
1%
1%
123
135
123
135
‘123
135
T23
*123
Virginia Midland
44*2 44*2
7*2
7*2
Standard Mining
are
532 104*8 Jan.
135
93
the prices bid and asked; no sale was
made at the Board.
t Lower price is er-dividend.
112
67%
117
6%
Jan. 28 125
87
Jan. 13
187
102
Jan.
7
45
4j
98
8
Mar. 19
2234 Feb. 27
Feb. 5
1*4
Jan. 8 50
6
2 *2 Feb. 25
22*2 Mar. 4 20
130
122
Jan. 22
15
Jan. 30 18
100
40
Feb. 13 45
19
Feb. 9 20
10
Jan. 30 1034
8
100
7 V Apr. 6
6
7
Feb. 7
Feb. 7 18
17
1*2
l*a Mar. 26
17%
65%
84
65
Apr.
110*2 Apr.
78
Jan. 29 152
22
Feb. 27
1 *8 Mar. 10
50
Danbury A Norwalk
These
Jan.
32
20
49
Jan. 30
6334 Feb. 10
67% Mar. 20
Cincinnati Sandusky A Cleve
Columbus Chic. A Ind. Centr’l
Canton Oo
Consolidation Coal
Homestake Mining Co
Maryland ( .’oal
New Central Coal
Ontario silver Mining
48
147
...
Keokuk A Des Moines
Louisiana A Missouri River
New York Elevated
147 130
Jan.
87 *a Jan.
113
218
84%
19%
EXPRESS.
135
135
*91
92
54% 55
110
110
50
96%
32%
4
9
1334 Feb. 24
9434 Mar. 12
550
56,670
11V
24*i
50
96
29
6
80
Mar. 21
66*3 Jan. 22
*
146%
2*e
32
12
Mar.
1,433
9,502
200
100
60%
119 V 135
Feb.
2*4 Mar. 19
8
Jan.
3
3,860
163,618
17*4
Jan.
2
Mar. 10
Mar. 20
2*2 Jan. 17
64
24
31*2 Apr.
21
50%
14V
51
Jan. 16
80*4 Mar. 18
250
250
82 34
79*8
8%
434
30
30
20
51
Jan. 14
140
Mar. 14 110
86
88*2 Feb. 17
70
9
11V Jan. 19 14*2 Feb. 24
20%
17
Feb. 21
934 Jan.
6% 19%
59V 10434
58% Apr. 8 67% Feb. 25
62
Jan.
62
73*4 Mar. 31
78%
22
Jan. 16 33*4 Feb. 27
22V 51%
27
10
35
11V Jan.
*8 Feb. 20
65
Jan. 15 7834 Mar. 14
34V 79
10
34
15*4 Mar. 28
11% Jan.
40
23
Mar.
27*2 Jan. 15 44
90
85 v 105
Jan.
9334 Jan. 30
54
64
Jan.
*2 Feb. 24
5I34 94V
32
31
Feb. 20 3434 Feb. 26
44%
7 V 18V
10% Jan. 26 13 Feb. 26
25
Jan. 16 29 *2 Feb. 20
17
80%
14*2 Jan. 22 18% Mar.
9V 23
63 V 100%
89*2 Mar. 21 97% Feb. 10
6*4 13
7*e Jan.
9*4 Feb. 25
122
Feb. 28 115
127 V
11434 Jan.
58
33
30
Jan.
7 42% Feb. 27
83 V 122%
84*2 Jan. 19 95% Feb. 25
4
10V
5% Jan. 8
134 Mar. 31
4
Mar. 25
7% 20
934 Feb. 17
83
94
84 *2 Jan.
2 8834 Mar. 16
11 *4 Feb. 2 1434 Jan.
11V 28%
6
20
20
Feb.
5 30
Jan.
8
71%
8
12
Jan. 17 1734 Apr. 6
17%
184
175
2 182*2 Mar. 17 175
Jan.
7
8*2 Mar. 24 12 *2 Jan. 6
16%
6
3
Feb. 28
1%
1% Jan. 12
4
18
8
Feb.
20
V
4% Jan. 27
42
21
17
Jan. 29 2534 Fel). 28
14
27
15
Jan. 17 19*4 Feb. 26
36*2 Jan. 29 44
Mar. 16
37*4 57%
4%
l34Jau. 2
% Mar. 31
14
18
400
4*2
■>10
82
3*2 Jan.
3*2
8%
200
190*8 Jan. 20 200 Mar. 24 185
21
88%
15
28
9*a
70
*80
67%
30
5
Jan. 15
2 137
Jan.
17
Jau.
20 *2 Jan.
*18
*33
*81
12
16
90
8
11
634 Fob. 10
12% Feb. 26
7
7
6
58*4
57%
2434
Feb. 25
13*4 Mar. 30 19
295 119*2 Feb. 17 128
12 120
Mar. 9 122
60 136 *2 Jan. 29 142*8
142
61», 03
6734
61
4834 50%
60% 52*2
5L
48% 50
51%
*112*2 11334 *112*2 11334 *112% 113% 113*2 113*2 114% 114*4 *113*2 115
*4
*4
"4
0
*4
5
*4
6
6
4*2
4*4
4*4
*26
30
Do
*25*2 31
*25*2 31
*25*2 31
25*2 31
pref....
66*2 57%
Western Union Telegraph
67*4 67%
5534 57*4
55*2 56*4
6634 57*8
57*8 57*4
Oregon Railway A Nav. Co
Pacific Mail
Pullman Palace Car Co
Quicksilver Mining Co
6,729
61,034
1,262
450
100
126*2 126*2
142
1st pref
Texas A Pacific
Onion Pacific
Wabash St. Louis A Pacific
Do
pref.
MISCELL \ NEOUS;
American Dist. Tel
American Tel. A Cable Co
8*2
534
121
..
pref
St. Paul Minneap. A Manitoba
8*2
534
14
I
Oregon Short Lino
Oregon & Trans-Continental...
Do
Do
St. Paul A Duluth
Do
2
5*2
V
*%
Ohio A Mississippi
Ohio Southern
834
2
5*2
65
36*4 Mar. 27
29*4 Jan. 31
934 Mar. 23
84
73
12
*37
80*2
1,705 119*2 Jan. 17 127
89
13
13
12
8*2
3
37 *2 Jan. 10
3
Jan. 6
125*2 124*2 124 V
23
104
2,081
16
12
2
5
123e
37
*3"
3*4
200
138
465
f4
12
*119
121
38
38
88 34 89%
*87*2
12*8
89
37
*104
777e
60
33
*8
I 119*2 120
7734
*3*2
6
15
*24
8*2
12*4
6
26*2
120
5
3*4
*12
3*2
60
73
31
13*2
14*2
*8
89*s
2*4
*3”
3*2
33
25
17 7e
50
3*2
125*2 125*2 12434 1253s 125*8
*87*2
*11
12
12
12
12
12
12*2
*13
15
*13
15
*1234 14*2
59
59 76
59 7e 60*4
58% 69*4
58%
*72
73
73
73
*72
73
72%
31
30*2
31%
3034
3034
3034
31*4
77*2 77%
11*4
3*4
534
2,038
1,075
31
140
104*2 104% 106% 104*2 106
7*8
7*8
7
7*4
7*4
5*2
9034 Feb.
128
14,264
106,050
1,980
123,185
Mar. 21
Mar. 25
Feb. 4
1,000
321
316
9 130
Feb.
Feb. 18
Mar. 25
26*3 Jan. 31
600
6
134
*30
31
88
21,550
3,994
8*2
136*2 136*2
135*2 3.36
122
119*2 12138 120*2 12234 121
69»4 71*2
6834 69*2
70*2 70*8
194
104
104*4 104*4 105
34 105
95
96*2
94*4 95
95*2 96*4
132
131
131
132
132*2 132*2
113
113
114
114
1137b 114
8
8
*6*2
8
*6*2
8*2
*14
*16
18
18
17*2 *16
25
24
*4
25
*24*4 25*4
*4
2434
85
88
83
84
85*4 85*4
114
*2434
*84*2
30
37*6
62
| 120
Morris A Essex
5
30
*103*2
Mil. L. Shore A West’rn, pref..
g34
7m
8
17
*25
85 3g
*3*4
*534
East Tennessee Va. A Ga
leased line 4 p.
32*4
30*2
7*4
113*8113*8 ^113
7
pref.
3
7
103*4 10434 103*2 104*2 103% 104 34
62
Evansville & Terre Haute
Green Bay Winona A St. Paul.
Harlem
Houston A Texas Central
Illinois Central
32 34
31
3
30*2
5
Denver A Rio Grande
Do
32
90
57
37*8
29=8
978
978
5
8
7*2
80
37*4
37*4
*29
12134 12214 121*2 123
121*8 12158
69
69 78
70*2 70% t69V 71*2
IO734 107 V 108 108
*x0334 104 *2
94*4 9434
943b
95*8
9434 95 3S
13034 13034 131 131*8 130*4 131*a
.
Do
30 V
10
934
33*8
30%
*5*2
Chicago Rock Island A Pacific *113
*6*2
Chicago St. Louis A Pittsburg.
15*4
Do
prei.
24
3g
Chicago St. Paul Minn. A Om.
Do
853e
pref.
Cleveland Col. Cin. & Indianap.
Cleveland A Pittsburg, guar...
Columbia A Greenville, pref...
Delaware Lackawanna A W est.
37*4 37*4
29*4 29*4
3734
*9
Chicago A Alton
Chicago Burlington A Quincy.
Chicago Milwaukee A St. Paul
90
*60
37^4
29*2
Canada Southern
Cedar Falls A Minnesota
Central Iowa
Central of New Jersey
Central Pacific
Do
Do
>2'
89
*60
Jan.
Feb.
Mar.
Jan.
Mar.
Mar.
Feb.
8
17
17
22
3
28
27
Mar. 10
Mar. 25
Feb. 25
Mar. 10
Mar. 26
02
142
78%
61%
115
80%
152
24
1
2
50
50
5
5
19V 24
130
115
15
21
39 V 40
18
23%
8
11
15
7
5
10
29
14
23 V
-
IV
IK
Bid.
Alabama—Claws A, 1906.
Class B, 5s, 1906
Class C, 4s, 1906
6s, 10-208,1900
86
G
89
i
84
106
jorgia—6s, 1886
4
12
12
12
12
3
100 V
Louisiana—7s, ".ons.,1914
74
Funding, 1894-95
Hannibal & St. Jo., ’86.
New York—6s, reg., 1887
6s, loan, 1891
6s, loan, 1892
6s, loan, 1893
N. Carolina—6s, old. J.&J.
Funding act, 1900
20
8
1041*
78.1886
7s, gold, 1890
Bid.
Ex-matured coupon
Missouri—6s, 1886
6s, due 1889 or 1890....
Asyl’m or Univ.. due ’92
102
Arkansas—6s, funded
7s, L , Rock & Ft. S. iss.
7s, Memp.A L.Rock RR
7s, L. R.P.B.& N.O. RR
7s, Miss. O. &R. R. RR.
7s, Arkansas Cent. RR.
SECURITIES.
Ask.
110
i
Del. L. &
Railroad Bonds.
(Stock Excluimje Prices.)
Ala Central—1st, 6s, 1918
Cent.—lst.Gs,1922
Atch.T.&S.Fe—4 Vs, 1920,
Sinking Fund, 6s, 1911.!
Atl. & Pac.—1st, 6s, 1910.
•
..
..
..
! 70
Balt.&O.—1st, Gs.Prk.Br. *117 ,120
Bur.C. Ran. & No.—1st, 5s 107 *2 108
Consol., 1st, 5s, 1934 ...j *96 j
Ia. City & West.—1st,
C. Rap. I.F.& N.—1st,
1st, 5s, 1921
Bufl.N. Y. & P.—Cons.,
General, 6s, 1924
Can. So.—1st, iut. guar.
Del.it Hud. Canal—1st,
1st, ext., 7s, 1891
SECURITIES.
I
Metrop’lit’n El.—1st, 1908
2d, 6s, 1899
7s
7s
6s
6s
5s
2d, 5s, 1913
Reg., 5s, 1913
Central Iowa—1st, 7s,’991,
East. Div.—1st, 6s, 1912,
Ill. Div.—1st, 6s, 1912..J
Char. Col. & A ug.—1 st, 7s.
95
63 V
17
6s, currency, 1918
Mortgage 6s, 1911
Ches.O.&S.W.-M. 5-6s...
Chicago & Alton—1st, 7s
Sinking fund, 6s, 1903
124 *2
125
i
95 34 96*2
*113 '111
113
Coupon, 5s,
18*4
;Eliz.C.&
!
3d, extended, 4 Vs,
Ask.
1921! 98 |
Pitts.C.&St.L.—lst.c.,7s *118*2
1st, reg., 7s, 1900
1
'
2d, 7s, 1913
(
!
Pitta. Ft.W.& C.—lst,7si ..... 140
2d, 7s, 1912
*134 I
129
3d, 7s, 1912
....!
Clev.it Pitts.—Cons.s.fd. *125*4
ill*
4th, s. fd.. 6s, 1892.... 109
-
"95"
*
1884-1913
105 V
-
107*2 109:*4
113*4 114
110
116
|N. Y.P.&O.—Pr. I’ll, 6s,’95
! 117
ButLN.Y.&E.—1st, 1916 *127 I....
N.Y.L.E.&W.-New2d0si *52 V
6s, sinking fund, 1901..
Collat’l trust. 6s, 1922.1
|
100*2
6s, debentures, 1913—
Buff.&S.W.—M. ,6s, 1908
Ia. Div.—S. fd„ 5s, 1919 *108
104
103*2
Ev. & T. II.—1st, cons.. 6s
Sinking fund, 4s, 1919
Mt.Vern’n—1 st, 6s, 1923; .... ! 95
Denver Div.—4s, 1922..1
Fargo & So.—1st, (Is. 1924
Plain 4s, 1921
j
114
129V Fl’t&P.Marq.—M.6s, 1920 *113
C.RJ.& P.—(is, cp., 1917.
100
Gal. Har.it S. Ant.—1st, 6s
128*2
6s, reg., 1917
99
131*2 1323h
Consol. 7s, 1903
I
’901.
1st,cons.assent. 7s,1899t
C'onv., assented, 7s, 1902
Adjustment, 7s, 1903...
C'onv. debent. 6s, 1908..
2d, 7h, 1905
!
Vest.
Div.—1st, 5s
j
7a
*9134
(!5
92*2 1)5
83 !..
129
I..
i Han.*
Leli.&W.B.—Con.g’d.as.
Am.D’k&Imp.—5s, 1921
| 2d, 6s, 1923
Ch.Mut St.P.—lst,8s,P.D.
2d, 7 3-1 Os, T. D„ 1898 . 118*2
1st, 7s, $g., R. Dm 1902. 130 !..
1st, LaC. Div., 7s, 1893. 117 !..
i
1st, I. & M., 7s, 1897 ... 120
117
1st, I. & 1)., 7s, 1899
127
1st, C. & M., 7s. 1903..
121*4 121*V j Ill. C'en.—Spd. Div.—Cp. 6s
Consol. 7s. 1905
j| Middle Div.—Reg., ns ..
1st, 7s, I.& D. Ext., 1008 119 !
1st, S. \V. Div., 6s, 1909. 110*2 112 j| C.St.L.&N.O.—Ten.l..7s
1st, consol., 7s, 1897..
1st, 5s, LaC.&Dav.,1919 *97
112
2d, 6s, 1907
lst,S.Minn.Div.,6H.19U)
119*2
Gold, 5s, 1951
1st. H. & D., 7s, 1910..
Dub.& S.C.—2d Div.. 7s.
Chic.& Pac. Div.6s, 1910 113*2 114*2
95
Ced.F.
& Minn.—1st, 7s.
j
95
V
1st,Chic.& P.W..5S.1921I
Mln’l Pt. Div., 5s, 1910.,*
! 96*4 Ind.Bl.&W.—1st, pref., 7s
1st, 5-6s, 1909
C.& L. Blip. Div. 5s. 1921
94 3t
94
2d, 5-6s, 1909
\Vis.& Min.Div.5s, 1921
90
Eastern Div., 6s, 1921..
Terminal 5s, 1914
Indianap.D.&Spr.—1st,7s
Chic. & Northwest.—
1st, 7s, ex fund, coups.
Sinking Fund, 7s, 1885. 102*2 103
137*2
2d, 5s, 1911
Consol, bonds, 7s, 1915. 136
Int.& Gt.No.—1st,6s, gold
Extension bonds, 7s, ’85 102*2
--
..
102 V
1902..
Regist’d. gold, 7s, 1902. *128
Sinking fund, 6s, 1929..I 113
Sink, fund, 6s,1929,reg. *
Sinking fund, 5s, 1929 i*103
1929, reg
Sink’gfd. deb., 5s, 1933.
Sink, fund, os,
..
103
129*4
......
[112 V
!l03*2‘
97 **4'
96*21 96:14
Eseanaba& L. S.—1st,Os
Des M.& Min’ap.—1st,7s!
Iowa Midland—1st, 8s..,*124
Peninsula—1st, con v. ,7s 125
Chic.it Milw’kee—1st,7s 125
130
Coupon^ 6s, 1909
;.
Kent’ky Cent.—M.6s,1911
Stamped, 4 p. c., 1911 ..
L.Sliore-M .S.&NI .,s.f .,7s
Cleve. & Tol.—Sink’g fd
New bonds, 7s, 1886..
Cleve. P. & Ash.—7s
Butt'.&Erie—Newbds.Ts
Kal. & W. Pigeon—1st
Det M.& T.—1st,7s,1906
Lake Shore—Div.bonds.
Consol., coup., 1st, 7s.
Debenture,
St.P.& DiiL—1st, 5s,
So. Car. R’v.—1st. 6s,
I 165 V
192]
I
!
'
Sabine
105
104
60
57
37
76*4
7634
j
75
1910
!
1910
Tnl.P.itW.—1st,7s. 1917
Iowa I)iv.—Os, 1921.
Ind’polis-Div.—6s, 1921.
Detroit I)iv.—6s, 1921./
Cairo Div.—5s, 1931 ....’i
|
*
iOreg’n
i
116
75
55
1
Panama—S.f., sub.6s,
Peoria Dec. & Ev.—If-
Central Pac.—Gold Os
San Joaquin Br.—6s
6s.
Pac.—Bonds, 6s..
West.
No.R’way (Cal.)—1st, 61
So. Pac. of Cal.—1st, 6s
65
*60
103 V
102 V 103
106 V 107
112
123
119
120
128
..
Cal. & Oregon—It
Cal. & Or.—Ser. B.,
Land grant bonds,
106 V
68 *2!
68
*
..
Union
Pacific—1st.
Reg" 8s,' 181)37.7.7.7
Collateral Trust, 6s.
Do
5s. 19<
Kans.Pac.—1st, 6s, ’1
130
127
Consol., reg., 1st, 7s ..
11534
Consol., coup., 2d, 7s.. 115
116
Consol., reg., 2d, 7s ...
\Vin.& St. P.—1st, 7s,’87 *106*4'.
121
Long
Isl.
RR.—1st.
7s,’98;
121
2d, 7s, 1907
125 j
At.C.& P.104 V
I 1st, consol, 5s, 1931
Mil.&Mad.—1st,6s, 1905;
Ott. C. F.& St, P.—1st,5s 101 *4 101 V Louis. West.—1st, 6s
Louisv. & Ni—Consul., 7s. 116 V
C.C.C.& Ind’s—1st, 7, s. f(l 125
100
Ut, So.Cecilian Br’ch—7s, 1907
121*2
Consol. 7s, 1914
*
80*4 81
N.O.&
Mob.-1st,6s,1930
Consol, sink, fd, 7s,1914'
2d, 6s, 1930
...
98*2
General consol., 6s, 1934! *95
i'o'5** 1*0*6 '
3d, 7s, 1906...
E. H. & N.—1 st, Os, 1919. j*105
Chic. St. P. Min. & Om.— |
90
91V
114
6s.
1930
General.
Consol. 6s, 1930
...! 112>4 122
Pensacola Div.—6s,1920!
C.St.P.&M.—lstOs.l 918 *120
102
St.L.it SF.
St. L. Div.—1st, 6s, 1921
No. Vis.—1st, 6s, 1930.
52
2d, 3s, 1980....
8 fc. P.& S.C.—1 st ,6s, 1919 117*2 118
Nashv.it Dec.—1st, 7s.. 115
Chic.it E.111.— lst,s.f.,cur. 110*2 112
*90**
S.& X. Ala.—S.f..6s. 1910
96 | 96*2
Consol., 1st, 6s, 1934
Louisv. C.& I..—6s. 1931
Chic.St. L.& P.—1st,con.5s *73*2
82 V
Trust bonds, 6s, 1922...
Chic. & Atl.—1st, 6s, 1920
So. Pac.of Mo.—Is
69
10-40, 6s. 1924.
2d, 6s, 1923
Tex.it Pac.—1st, 6s,1
81
V
L.Erie
&W.—1st,
6s,
1910!
Cliic.& W.Iml.—1st, s.f.,6s
80 •
Consol., 6s. 1905 t
Sandusky Div.—6s, 1919,
-105'4
Gen’l mort., 6s, 1932 ...
80
Laf.Bl.& M.—1st, 6s, 1919;
Col.it Green.—1st,6s,1916!
Rio G., 6s, Aug. cp.
96
97
Louis v. N\.\ lb. & C.—1st, 6s
2d, 6s, 1926
!
Do
ex A
General mort., 6s, 1914.!
76
Col. ll.Yal. & Tol.—1st, 5s■
74
Gen. mort. & 15
**9*r*
"96"
&
Lou.
N.
O.
Tex.—1st.
5s
Del. L.& \V.—7s, conv.,’92
Pennsylvania KR.Maihat.B’ch Co.—7 s, 1909
Mortgage, 7s, 1907
! 131 133
•:
'
*7
N.V.&M.B’h—lst,7s,’97
127
Syr.Biug.it N. Y.—1st,7s 121
_
,
t Coupons off.
72
81
,
*4;
112 V
*100
...
Evans.Div.—1st,Os,-
*77
1*0*6*
71V
80
iPeoriait Pek. U’11—1st,6s. *101*4
Pacific Railroads—
87'
84
RR.&Nav.—1st,6s
I Debentures, 7s, 1887
i
72 *2
•w|
Cal.—1st,6s,1921
lOr.&Transc’l—6s,’82-1922
!
;Oregon Imp. Co.—1st, 6s.
,
io9 V !-----
'116
5.9..
i
...
Oreg’mt
.121*4
124
Central—1st,6s,
*8*6"
...
j
no
Mid.—M. inc.,
Chic. Div.—5s,
Hav. Div.—6s,
109 V
1st, Term’l Tr., 6s, 1920,
j
1st, Min’l I)iv., 6s, 1
Ohio So.—1st, Os, 1921
**8*6"
34
:::::: i i6*i
*109
Div.-lst,6s. 15*12
......
(is,15*27/
| Wab.St.L.&Pac.—Gen., 6s
J
58
latest quotations made this week.
v1! Yu.
94
| New River—1st,6s,l
120*4
102 " 103 "
I
*
55
;01iio& Miss.—Consol.
Consolidated, 7s, 1898.. I
113
104 *2;
15)31
193P
1920
112
112
113 V:
106
General, Os, 1921
1 5*2
j
V
30*4 Tex.Cen.—1st, s.f.,7s,1909
52
j
*28 V
1st, 7s, 1911
...! *19
Tol.Del.& Burl.—Main, Os
1st, Dayt. Div., 6s, 1910'
*78" 80
1st, Ter. trust, 6s, 1910/
;;;;;;
1UU
113
Tex.& N. O.—1st, 7s. 1905
j 53
6s, 18971-
126*
No rriccs Fridaj'; these are
......
79*4 1 Slienand’hV.—lst,7s,1909
iN0rf.1tW.—Gen., 6s, 1
Ohio
......
i*10
29 V
Pac.—lst,6s,g.,P
N.O.
Ext.—6s, 1910..!
1st, consol., 6s. 1933.... J
106
1st, consol., 6s,reg., 1933 *
Min’s Un.—1st, 6s, 1922 * 108
2d, 6s,
79 V
Buff.—Cp.,*
Registered, 6s,
!
Dakota
*25
Midland of N. J—1st,
92*2
Cent.—
1st, M.L.,7s, 18911 ....
1st, Western Div.. 7s 1..
1st, Waco & No.! 7sr—
2d, consol., main line, 8s
2d, Waco & No., 8s,1915
General, 6s, 1921
H ous t. E. & W .Tex.—1 st,7s
2d, 6s, 1913
N. Y.W.Sli.&
......
40
40
36
i 114
| lObV
|
1931..
j). Registered, 5s, 19:
St.J.—Con.6s,1911 i 15 "115*4
Houston & Texas
*36"
;N.Y.C.&St.L.-lst,6s,1921 I
2d, 6s. 1931
( (5,1 !
aio*t lio-v
95’Vj 96*2 Gr’11 Bay W.&St.P.—lst.Gs
'Gulf Col. & S.Fe—7s, 1909, 104^ 10G
93*2
104
i 2d, l!s, 1923
*58
j H8V
!
2d, pref., 7s, 1894
2d, income, 7s, 1894
! 9*9
Bellev.it So. Ill.—1st, 8s 112
St.P.Minn.& Man.—1st,7s 109
2d, 6s, 1909
i
-
|
Trust Co. receipts
N.Y. & N. Engl’d—1
104
99 V
109
Ext. & Col., 5s, 1934.... 108
Keok. & Des M.—1st, 5s *105*2
105
104
7*
Deb. certs., ext’d 5s ...
134 3h 134 V
N.Y.C.& II.—1st, cp., 7: 1
134*4 135
1st, l eg., 1903
*102 V
Deb., 5s, 1904
Jlud.Riv.—7s,2d,s. f.,’8i *102 V
135
llarlem—1st, 7s, coup . !*
136
1*
1st, 7s, reg., 1900
ioiV..
1923.
110
120
119
Nasti.Chat.it St.L.—1st,7i
2d, 6s, 1901
|N. Y Central—6s, 1887..
87
108
::::::
no
Arkansas Br’ch—1st, 7s 109
107V
Cairo & Fulton—1st, 7s.
104
104
V
Cairo Ark & T.—1st, 7s/
70
Gen. r’y & 1. gr., 5s, 1931
8t,L.Altou& T. H.—1st,7s * 112
i()7
*
!
125
109
4th, extended, 5s, 1920.
5th, 7s, 1888
1st, cons., gold, 7s, 1920.
1st, cons., fd.coup., 7s ..
Keorg., 1st lien, os, 1908
Long Dock b’nds, 7s, ’93
K.Br’ge—1st,s.f.Gs
Chie.Burl.& Quincy—
Bid.
Penn. ItR.—ContinuedPa. Co.’s 4*«s,Reg.,
53
52
126
127*4
106 V
V
N.—8.f.deb.,c.,6s
1st, 6s, 1920
Eliz.Lex.& Big Sandy—6s
Erie—1st, extended, 7s...
2d, extended, 5s, 1919 ..
Miss.
47
47
92
|
2d, (360), 7s, 1898 ... ,
2d, guar. (188), 7s, ’98;
deb. 5s, 1909
|
1931
Registered, 5s, 1931 —
Jack. Lan.& Sag.—6s,’91
Milw.& No.—1st, 6s, 1910
1st, 6s,
E.T.Va.&G.—lst.7s,1900t
1st, cons., 5s, 1930
! Divisional 5s, 1930t
97
64
2d, 7s, 1900
25 years
108
97 *4
6s, 1909
122
1894
Registered, 7s, 1894
1st, Pa. Div.,cp.,7s.l917
1st, Pa. Div., reg., 1917.
Alb. & Susq.—1st, 7s
fit. L. Jack. & Chic.—1st
1st, guar. (564), 7s, ’94
Coupon, gold, 7s,
'96 34
Mich.Cent.—Cons.7s,1902
Consol., 5s, 1902
Coupon, 7s,
Riv.—1st, 7s
1st, 7s, 1885
54
*
Chesapeake & Ohio—
I
Pur. money fund. 1898..
6s, gold, series A, 1908.
6s, gold, series B, 1903 .
Central of N.J.—1st.
Bid.
113*2 114-2 Mex. Cent —1st, 7s. 1911.
1 st M., 7s, ex-cp.,6,7,& 8
T*2*0**i.*""/
Construction, 5s, 1923
i
SECURITIES.
53
*
BONDS.
Bid. ! Ask.
137
Ask.j
46*2
St.L.V.&T.lI.—1st,g.,7s 117*2
2d, 7s, 1898
......!
2d, guar., 7s, 1898
! 70
130
Mil.L.S.&W.—1st,6s, 1921 103 v i'()434
129
101
100
108
Pitts.B.&B.—1st, 6s, 1911 *107
jl31
Mich. Div.—1st, 6s, 1924
I
Pitts.
Cleve.&
Tol.—1st,6s
jl08
*106
i 120
106
V
Miim.&
St.
L.—1st,7s,1927
110*2
109*2
95
93
115 V 116
Pitts. June.—1st, 6s. 1922
Iowa Ext,—1st, 7s, 1909
*104**4
2d, 7s, 1885
Rome W.& Og.—1st,7s,’91;
!
! *99
TOO
124
|
2d, 7s, 1891
1st, cons.,guar.7s,1906
11334
Con., 1st, ext., 5s, 1922.! 75V 75 V:
S’thw.Ext.—1 st, 7s,1910 113
111*2
112
97
98*4
gu.,
1st, cons.,
6s, 1906
*100
Roch.&Pitt.—1st, 6s, 1921 *107 V
Pac. Ext.—1st, 6s. 1921.
Rens. & Sar.—1st, cp.,7s 137*2
67
69*4
70
Consol., 1st, 6s, 1922 ...| *90*2'
Mo.K.&T.—Gcu’1,68,1920 69
137
54
1st, reg., 7s, 1921
55
Rich.&Alleg.—1st,7s, 1920 52
General, 5s, 1920.
90*2
i'0‘6 " i*0*2" ,Denv.& Rio Gr.—1st, 1900 89
105
Bich.it
Danv.—Cons.,g.,6s 100 101
i'0434
52
50
1904-5-6......
Cons.,
7s,
63
64
*55
!
1st, consol., 7s, 1910
Debenlure 6s, 1927
!
79
Cons., 2d, income, 1911.
*50
Den.So. Pk.& Pac.—1st,7s.
*104
Atl.&Ch.—1st, pr.,7s,’97' no
H. & Cent. Mo.—1st, ’90
40 V 41
80
105 V
Den.& RioG.West.—1st,6s
1 107
Incomes, 1900
;
Mobile & Ohio—New 6s._.
*6*6
Det.Mack.&Marq.—Lst ,6s
94
Scioto Val.—1st, cons., 7s.‘
112 V
i
109
L.
i Land grant, 3 Vs, S. A.. 113
St.
&
Iron
Mt.—1st,
7s.
1
Minn.&St. L.—lst,7s,gu.j
La. & Mo.
30
10
W.—Contin’d—
C’mp’mise,3-4-5-6s,1912
Ask.
39
Virginia—6s, old
39
86^8 "87"; 6s, new, 1866
75
108 V
103
6s, consol, bonds
6s, 1919
42
68, ex-matured coupon.
Ohio—6s, 1886
50
6s, consol., 2d series
South Carolina4
6s,
deferred
4
3V
68, Act Mar. 23, 1869 )
District of Coluuibiar—
non-fundable, 1888. )
107
108*2
3-65s, 1924
! 113
Brown consol’n6s, 1893
46 *2
-!
Registered
Tennessee—6s, old,1892-8
Funding 5s, 1899.......' 110
46 *2
6s. new, 1892-8-1900 ...
Wil.C.&Ku.R.
Consol. 4s, 1910
104V
Morris & Essex— 1st, 7s.
2d, 7s, 1891
Bonds, 7s. 1900
7s of 1871, 1901 .
1st, consol., guar., 7s..
N.Y. Lack.& W.— 1st, 6s
4**2
3*2
Do
106
113
115
117
SECURITIES.
Ask.
Bid.
Tennessee—Continued—
6s, new series, 1914 ....
18
New bonds,
RAILROAD
SECURITIES.
Alleg’y
Carolina—ContinuedJ.&J., ’92-8
Special tax, all classes..
N.
64
104
109
114
116
Bid.
SECURITIES.
Ask.
Bid.
SECURITIES.
Ask.
1885.
APiUL, 10,
RAILROAD
QUOTATIONS OF STATE ANDSTATE
BONDS,
BONDS.
SECURITIES.
[Vol. XL,
CHRONICLE.
THE
448
j
j
99
Di v!. 7s, ’89. "90
2d, ext., 7s, 1893
' *30
Equipm t bds, 7s, ’83/
Consol, conv., 7s. 1907
Gt.West’ll—1st, 7s, '88 105V
2d, 7s, 1893
! *90
Q.& T01.—1st, 7s, 1890
ist.'st.L.
Han.& Naples—1st, 7s
Ill.it So.Ia.—1st,ex.,Os'
101
103 V
93 i
1
St.L.K.C.&N.—R e.,7s *101
Omaha I)iv.—1st, 7s.I
Clar’da Rr.—6s. 1919;
I
St.Chas.Bge.—1st.Os'
112
104
No. Missouri—1st, 7s..I
99
9*9 34 West. U n.Tel.—1900, coup
*99
1900, reg
j
I
99 V 99 V N.W. Telegraph—7s, 1904j
108 V 109 V Mu t. U n.Tel.-S.fd,6s, 1911
!
*103
95
96
INCOME BONDS.
76
116
116
108 V
100
91
78
b'i'
103 V
87
60
80
111V
il'6"
69
|.
(Interest payable if earned.)
Atl.& Pac.—Inc., 1910....:
93*4
112 34 113
Central of N.J.—1908 ....!
10434 105 V E.T.V.&Ga.—Inc. ,6s. 1931 (
117 34 119
Gr.BayW.& St.P.—2d,iuc.l
■k
119 V Ind.Bl.&W. Inc.,1919
Consol., inc./Gs, 15)21...
Ind’sDec.it
Leli. &
Lake E.&
109*4
10934 no
Sand’ky
14
2d
18
23"
W.—Incomes
23
*22
5*6
2d, pref., debentures....;
3d, prof., debentures
j
4tli, pref., debeutures...
j
|
94
|
107 V
j
105
i'o*5 v
*108
!
101
101
100
100 v 101
Min’l I)iv.—Inc.,7s,1921
Ohio So.—2d inc., 6s, 1921
PeoriaD.& Ev.—Inc. ,1920J
57 V
30
24
24 V
34
36
35
Evansv.Div.—Inc., 1920!
Roch.it Pittsb.—Inc.,15)21
Rome W. & Og—Inc., 7s.
j
So. Car.
Ity.—Inc.,<!s.1931
*29
27*
Div.bds
25
St.L.A.& T.1I.
FREE LIST.
105
Consol. Coal.—Conv.6s,’97/103
63
60
I Col.C.& Ir.Co.—1 st,con.,6s
Cum. & l’eim.—1st, 6s, ’91 *102
2d, 6s, 1888
*102 V
Des M.& Ft. D.—1st, 6s..!
47 V Ft. W. & Deuv. C.—1st, 6s
Gal.H.& H. of *82—1st, 5s!
*3*634 *32"}
*51 >8
47
43
80*
N.Y.LakeE.&W.—Inc.,6s,
Ohio Cent.—Income, 1920!
90
95
li)334
Div.—Inc.,1920
O.—lst,prf.,deben.!
;
85
l*109
10V
W.—Inc., 7s.’99:
Mil. L. Sh.it
Mob.&
92 V
90
105
11V
Spr'p—2d,inc.
Laf.Bl.&Mun.-Iuc.,7s.’99
93
106
1434
10
WTlkesb.Coal.—\S8j
Ilf)'*4
......
14*4
! Og’bg.itL.Ch.—1st,con.6s
*105
99
v!
Pullman’s Pal.Car—Stg.7s!*106
April 11,
THE
18t5.]
CHRONICLE.
New York Local Securities.
COMPANIES.
PRICE.
|
Marked thus (*) are1 Par.
not National.
j
America*
Exchange...
Broadway
Amer.
Butchers’ A Drov’s’
Central
Chase
Chatham
Chemical
Citizens’
City
Commerce
Continental
Corn Exchange*....
East River
Eleventh Ward*
Fifth
Firth Avenue*
First
Fourth
Fulton
Gallatin
Garfield
German American*.
German Exchange*
Germania*
Greenwich*
Hanover
Bid.
157
100
100
25
25
100
100
25
100
25
100
100
100
100
25
25
100
100
100
100
30
50
100
75
100
245
146
Mercnants’
Merchants’ Exch...
Metropolis*
Metropolitan
Murray Hill*
Nassau*
New York....
New York County
N. Y. Nat. Exch....
Ninth
North America*....
North River*
Oriental*
Pacific*
Park
.
People’s*
Phenix...
Produce*
Republic
150
125
100
150
100
140
250
130
Gas and
......
„
142*9
142
25
20
70
City
100
Clinton
50
Commercial
Continental
100
40
Eagle
100
Empire City
30
Exchange
50
Farragut
Firemen’s
17
10
Firemen’s Trust
Franklin A Emp.. . 100
100
German-American
Germania
50
50
Globe....
;
25
Greenwich
Guardian
100
Hamilton
15
Hanover
50
Home
100
Howard
50
100
Irving
J efferson
30
Kings C’nty (Bkn.). 20
40
Knickerbocker
Long Isl’d (B’klyn) 50
Manufac. A Build.. 100
Mech. A Traders’
25
Mechanics’ (Bklyn) 50
Mercantile
50
Merchants’
50
Montauk (Bklyn.)..
50
Nassau (Bklyn.) ...
50
National
37*2
N. Y. Equitable ...
35
N. Y. Fire
100
50
Niagara
North River
25
Pacific
25
Park
100
Peter Cooper
20
50
People’s
Phenix
50
25
Rutger’s
Standard
50
100
Star
100
Sterling
25
Stuyvesant
25
.United States
10
Westchester
Williamsburg City. 50
.
115
152*9
140
140
100
113
128
80
17
Citizens’
ioO
525
25
25
Bowery
Broadway
Brooklyn
j
I
il4*‘
..
______
120
130
90
21
14
120
156
140
100
110
112
140
147
142
155
144
100
102
112'
108
Bid.
American
50
Amer. Exchange... 100
156
100
50
100
100
....
i
2300
110
250
147
Par.
| Ask.
150" i 155
25
100
fit. Nicholas*
Seventh Ward
Second
Shoe A Leather
fitate of New York*!
Third
40
Tradesmen’s
Union
50
United States
100
Wall Street
50
West Side*
100
COMPANIES.
109 Hz 112
100
25
100
50
50
100
100
100
50
100
100
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
PRICE.
120*4 122 Hi
Imp. A Traders’...." 100
50
Irving
Leather Manuf’rs’..
Manhattan*
Marine
Market
Mechanics’
Mechanics’* Trads’
Mercantile
Quotations in Boston, Philadelphia and Baltimore.
1115
140
95
130
170
155
135
115
120
20
220
230
70
75
104
75
30
no
212
120
105
230
60
Ask.
150
102
140
180
170
145
120
125
30
230
245
80
100
108
85
50
115
220
125
110
260
67
108
100
117
120
55
40
118
200
80
125
125
60
53
125
210
90
105
ioo
112
40
70
55
100
100
145
80
50
85
63
105
140
70
120
100
165
100
140
100
130
no
95
40
50
100
123
120
215
107
150
87
150
80
125
110*
175
108
150
110
135
118
100
55
55
120
130
125
225
|
Bid.
Ask.;
BOSTON,
Nebraska, 6s...Exempt §118
Nebraska, 6s.Non-ex’pt
89
Nebraska, 4s
Conn. A Passumpsic—7s.
Connotton Valley—6s
East’rn, Mass.—6s, new..
Fort Scott A Gulf—7s...
K. City Lawr. A So,-6s..
K. City St. Jo. A C. B.—7s
Little R. A Ft. S.—7s, 1st
K. City Sp’d A Mem.—6s
Mexican Central—7s
Income
107’
120Ha
118 *2
iio"
126“
108 Ha 109*4
108
108 Ha
60 7g 51
Scrip
Debenture, 30s
N. Y. A N.
11*4
11V
91
88
91
88*5
105*4
England—6s..
N. Mexico A So. Pac.—7s
1135a 114
118 Ha 119
Ogdensb.A L.Ch.—Con.6s
§80
7s
...
81H»
Income
Old Colony—7s
6s
Pueblo A Ark. Val
119
-7s..
§101 Ha1
Rutland—6s, 1st
Sonora—7 s
STOCKS.
Atchison A Topeka
Atlantic A Pacific
94Hi! 95
preferred
Chic. A West Michigan..
Cinn. Sandusky A Cleve.
Concord
Connecticut River
Conn. A Passumpsio
Connotton Valley
Det. Lansing A No., pref.
167
75Ha
V
47
TT.n.tft em,
Mass
Fltchbnrg
Flint A Pere
117*9 118*9
13
Marquette.
81 a4
92
§127*9
Preferred
*69 *9
Iowa Falls A Sioux City.
Kan. C. Cliu. A Springf’d
Kail. C. Springf. A Mem.
Little Rock A Ft. Smith.
Louisiana A Mo. River..
Preferred
66*9
70
69
36
37
§18*4
18
Marq. Hough t’n A Onton.
20
Preferred
I
! 95
84
Mexican Central
Nashua A Lowell
N. Y. A New England
Northern of N. Hampsh.
Norwich A Worcester...
Old Colony
...
City
Railroad Stocks and Bonds.
Par.
Amount.
Hi,
llVl 11 Hi
Metropolitan.-i
98
100
!
Ogdensh. A L. Champlain
Period
Rate
Date.
*
Bid.
Ask.
Portland Saco A Portsm
Rutland—Preferred
Summit Branch
Worcester A Nashua....
Wisconsin Central
150
17 V 17 Hz
ill7
155
160
153
8 Hi
125
§117
18Hi 19Hi
10*4
72
12 **
19
i
Preferred
1
Brooklyn Gas-Light
Citizens’ Gas-L.(Bklyn)
25
20
2,000,000 Var’s 5
1,200,000 Var’s 3
259,000 A. AO. 3*9
1,000
100 35,4 30,000
20
756^000 J <fc *J 7*9
700,000 F. A A. 3
1,000
100
3,500,000 Quar. 2*9
1 000
1,500,000 M.AN. 3
25
1.000,000 Var’s 2
Var’s
700,000 M.AN. 2*9
10
1,000,000 J. A J. 1 Hi
1,000
400,000 M.AN. 3*9
Var’s
130,000 J. A J. 3
50
1,000,000 Quar. 2*9
1,000,000 A. AO. 3
1,000
100
3
1,000,000
1,000
750,000 M.AN. 3*9
..
Bonds
Consolidated Gas
Jersey City A Hoboken.
Metropolitan—Bonds
•
...
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
Scrip
People’s (Bklyn.)
Bonds
Bonds
Williamsburg
Bonds
Metropolitan (Bklyn.)..
Municipal—Bonds
Fulton Municipal
Bonus
*
Equitable
Bonds
•
100
3,000,000
ioo
300,000 J. A J.
2,000,000
1,000,000 A. A 6. 6
1,000
3
6
[Quotations bj H. L, Grant, Broker,
Bl’ckerSt.A Fult.F.—Sti
1st mort
100
100
1st mort
2d molt
Brooklyn City—Stock
1st mort
Bklyn. Crosstown—Stock
1st mort. bonds
Bushw’kAv. (Bklnj—St’k
Central CvosstOwn—Stk.
100
600,000 Q.-J.
250,000 M.AN.
100 1,800,000 Q.—J.
Cent.Pk.N. A E. Riv.—Stk
Consol, mort. bonds
1,000 1,200,000 J. A D.
100
Christ’ph’rAlOtli St—Stk
650,000 Q.—F.
Bonds
250,000 A. AO.
1,000
100 1,200,000 Q.—F.
DryDk.E.B.A Bat’y—Stk
1st mort., consol
500Ac.
900,000 J. A D.
1st mort
1,000
100
100
Scrip
Eighth Av.—Stock
Scrip
42d A Gr'rd
1st mort
100
100
St.F’ry—Stk
1,000
Houst.W.St.AP.F’y—Stk
1st mort
fiecond Av.—stock...
1st mort
Consol
Sixth Av.—Stock
100
500
100
1,000
i 1,000
1
!
1
1st niori,
Third Av.—Stock
Bonds
100
*
1,000,000
1,000,000
748,000
236,000
250,000
500,000
1,862,000
400,000
1,030,000
1,500,000
500,000
F.A A.
Q.-J.J
F A A.
A. A O.
Q.-F.
J. A J.
J. A J.
M.AN.
M.AN.
M.A S.
J. A J.
2,000,000 Q.—F.
2,000,000 J. A J.
100
1 1,000
600,000 F. A A.
250.000 M.AN.
82
......
Jan. 1, ’85 145
1902
110
Apr. 10/85.123
1902
103
April, ’85 119
Nov. 1.’84
93
Mchl5,’85 1 79
Nov. 1,’84 105
Oct. 1 ,’84
98
Jan.20,’85 135
1900
106
Jan. 1,’85
93
1888
105
Jan.15,’85 150
1900
101
107
1900
105
i
14
125
105
121
95
81
no
101
140
110
96
110
151
105
109
108
Broadway.]
Allegheny Valley
Ashtabula A Pittsburg..
134
2
2*4
3.**
1st preferred
2d preferred
Delaware A Bound Brook
East Pennsylvania
Elmira A Williamsport..
Preferred
54 Hi
Lehigh Valley
Preferred
Little Schuylkill
Mineliill A Sell. Haven...
65
60
Northern Central
North Pennsylvania
103Hi
Pennsylvania
3*9
5
4
7
2
1H>
6
2
7
1*9
7
2*9
112
140
111
113*9
181
105
105
250
110
290
111
195
112
185
105 Hi
106
305
115
300
113
205
114
April 1/85 245
April. ’93
Feb.,
’85
July, ’94
Jan.,
’85
1910
May,
’88
Nov., ’84
July, ’90!
Feb.,
Jan.,
Feb.,
May,
’85i
’90
’85
’93;
112H,
145
123
137
116
193
116*9
105
265
108
255
117
150
7
6
2 Hz April 1/851240
6
Feb.. 1914 105
7
2
7
5
5
7
5
7
6
7
4
7
220
112
175
112
167
160
'Cam. A Burl. Co.—6s,’97.
j Catawissa—1st, 7s, con. c.
Chat. M., 10s, 1888
! New 7s, reg. A coup
!Connect’g 6s, cp., 1900-04
Philadelphia A Erie
Phila. Ger. A Norristown
Phila. Newtown A N.Y..
Phila. A Reading
Phila. Wilm. A Balt
Pittsb.Cin.A St. L.—Com.
United N. J. Companies..
Westchester—Cons. pref.
West Jersey
West Jersey A Atlantic..
CANAL STOCKS.
193
41
Lehigh Navigation
.
8*9
RAILROAD BONDS.
*
Ex-dividend;
130
120
95 V
97 V
100
50
Oil
Oil
Phila. Newt. A N.Y.—1st
Phil. A R.—1st, 6s. 1910..
2d, 7s, coup., 1893
Cons., 7s, reg., 1911
Cons., 7s, coup., 1911..
Cons., 6s, g., I.R.C.1911
Imp., 6s, g., coup., 1897
Gen., 6s, g., coup., 1908
Gen., 7s, coup., 1908
Income, 7s, coup., 1896
Cons. 5s, lat ser.,c.,1922
Cons. 5s, 2d ser.,c., 1933
Couv. AdJ. Scrip, ’85-88
Debenture coup., 18931
Scrip, 1882
Couv., 7s, R. C..1893..1
Conv. 7s, cp.off, Jan.,’85
126
126>4 128
122
Pitts. Titus. A
I
121V
107
124
133
93
108
126
136
113
105 Hi 105 V
113
119
§11834
108*9
74
75
81
*3*7*
39
29
17*9
36
21
98V
Phil.Wil.dk Balt,—4s.tr.ct
Pitts. Cin. A St. L.—7s
120
B.—7s,cp.
SliamokinV. A Potts.—7s
Shen. Val.—1st, 7s, 1909
Gen’l 6s,
1921
Income, 6 s, 1923
Income, 5a, 1914
Sunbury A Erie—1st, 7s.
Suub. Haz. A W.—1st, 5s 100
2d, 6a, 1938
Syr.Gen.A Corn.—lat, 7a.
Tex. A Pac.—lat, 6s, 1905 IO6H1
72
Consol., 6s, 1905
35
Union A Tituav.—lat, 7a.
United N. J.—Cona.6a,’94
Cons. 6a, gold, 1901
Cons. 6a, gold, 1908
100
Gen., 4a, told, 1923
Warren A F.—lat, 7a, ’96 §102
West Cheater—Cona. 7a.. 115*9
6s, ep.,’96
1st, 7s, 1899
Cons. 6s, 1909
W. Jersey A Atl.—1st,6s,C.
Western Penn.—6s, coup.
Mort. RR, reg., 1897
Cons., 7s, reg., 1911
SO
114
123
113
106
108
108
82
108
..
117*9
Penusylv.—6s, cp., 1910..
82Hi
124 V
Schuylk. Nav.—ist,6s,rg.
2d,‘6s, reg., 1907
RAILR’D STOCKS. Par
Atlanta A Charlotte
Baltimore A Ohio
100
1st pref
2d pref
64
54 Hi
19*i
7 Hz
Parkersburg Br
50
Central Ohio—Com
50
Pref
50
'
Western Maryland
50
RAILROAD BONDS.
Atlanta A Chari.—1st
Inc
Balt.AOhio—6s„’85A.AO
Cen. Ohio.—6s, 1st,M.AS.
Chari. Col. A Aug.—1st..
2d
Cin. Wash. A Balt.—lsts.
40 H
2d s
3ds
41Hi Columbia* Greenv.—lets
9
No.Central—6s, ’85, J.AJ.
6s, 1900, A. A O
119*8
Allegh. Val.—7 3-10s, ’96 119
6s, gold. 1900, J.AJ
7s, E. ext., 1910
5s, Seriea A .1
Inc. 7s, end., coup., ’94
U3
5s, Series B
Ashtab. A Pittsb.—1st,6s
Pittsb. ACon’ells.—7sJAJ
1st, 6s, reg., 1908
Union RR.—1st, gua.J&J
Belvid’e Del.—1st,6s,1902 120
Canton endorsed
101
2d, 6s, 1885
Virginia A Tenn.—5s
103 Hi
8s
3d, 6s, 1887
Bell’s Gap—1st, 7s, 1893. 110
W.Md.—6s, 1st, g., J.AJ.
100
1st, 6s, 1905...
2d, guar., J. A J
95
Consol., 6s, 1913
2d, guar, by W.Co., J.AJ.
Buff. N.Y.A Phil.—1st,6s
6s, 3d, guar., J. A J
Wilm. C A Aug.—6s
2d, 7s, 1908
Cons. 6s, 1921
122
Norfolk A West.—Gen.,6s
N. R. Div., 1st, 68.1932
N. Y. Phil.A Nor.—let, 6s
2ds
Pennsylvania
Schuylkill Nav., pret...
108
107
83*4
BALTIMORE.
109
7%
107
'Cor.CowanA Ant.,deb. 6 s,
I Delaware—6s, rg.A cp.,V.
125
! Del. A Bound Br.—1st, 7s
East Penn.—1 st, 7s, 1888 §103Hi 105
111
EastonAAmb’y—5s, 1920
El. A Wmsp’t-1 st,6s, 1910 114Hi
5s, perpetual
Harnsb’g—1st, 6s, 1883.. 101
H. AB.T—1st, 7s, g., 1890
Cons. 5s, 1895
83
IthacaAAth.—1st, gld.,7s
127
Leh.V.—lst,68.C.AR.,’98
135
2d, 7s, reg., 1910
Cons. 6s, (J.A R., 1923..
126
N. O. Pac.—1st, 6s, 1920.
65
No. Penn.—2d, 7s, cp. ’96. 125
127 V
Gen., 7s, 1903
105
Debenture 6s, reg
Lehigh Nav.—6s,reg.,’84.
58 7t
54*8
183<
106
111
Atl.—1st,7s,g.,’93
j 2d, 6s, 1904
! Cons., 6 p. c
CANAL BONDS.
Ches. A Del.—1st, 6s,1886
7
15
59
172
105
June.lyOl 104
1914
102
Fob., ’85 214
Jan., 1902 108
April 1/85 168
Jan., 1888 105
’85 162
Feb.,
Apri'i 1/85 155
Nov..l 922 110
April 1/85 143
Dec., 1902 121
Feb., ’85 132
Oct.. 1898 110
Feb., ’85 190
June, ’93 114
Feb., 1914 104
Mort,, 6s, 1889
Cam. A
65
41
54
Preferred
April 1/851169
25 Hi
Buff.Pitts.A W.-Gen.,6s
Cam. A Ambov—6s, c.,’89
127
60
51V
Huntingd’n A Broad Top
Norfolk A West’n—Com.
Preferred
24*4
Y.AP.—(Cont’d)—
6s, P. B., 1896
Gen., 7s, coup., 1901
Preferred
Catawissa
Ask
st,! Tr. 6s, 1922
W. J ersey—lat,
Preferred
Bell’s Gap
Buffalo N.Y. A Phil
Preferred
Camden A Atlantic
113V
’85
This column shows last dividend on stocks, hut date ot maturity of bonds.
PHILADELPHIA.
RAILROAD STOCKS, f
Jnly,1900|ll2
V Jan.,
7
2
5
5
Q.—F. 4
1,000
Twenty-third St.—Stock. 1
1 st mort
100
1,000
1,200,000
S’g F. ’99 107
131
85
no
54
Nesquehouing Valley....
900,000 J. A J.
700,000!J. A J.
2,100,000 Q.—J.
1,000 1,500,000,J. A D.
1,000
500,000, J. A J.
10 2,000,000 Q.—F.
800,000!J. A J.
1,000
100
200,000 A. AO.
1,000
400,000 J. A J.
100
500,000 Q.—F.
1,000
Br’dway A 7th Av.—St’k.
145
N’r 10,’84 130
Jan. 1,’85
83
1
Bid.
Inc., 6s, 1933
City A Chic.—1st, 6a..
Creek—1st, 6s, coup..
7
7*s Pennsylv.—Gen., 6s, reg.
176 H. 177
Gen., 6s, cp., 1910..
30934ill0
Cons., 6s, reg., 1905
174 1174 Ha
Cons., 6s, coup., 1905...
174V
Cons., 5s, reg., 1919
106
Pa. A N. Y. C.—7s, 1896.
72
73
7,1906
55
Perkiomen—1 at, 6a,cp.’87
Phil.AErie—lst,7a,op.’88
11
10
Cons., 6a, 1920
Cons., 5s, 1920
69
69
...
Boston A Albany
Boston A Lowell
Boston A Maine
Boston A Providence.
Boston Revere B. A Lynn
Cambridge
Cheshire,
SECURITIES.
Buff.N.
Atch. A Topeka—1st, 7s. 12134
Land graut, 7s.
§120*9
Boston A Maine—7s
Boston A Albany—7s
6s
Boston A Lowell—7s
6s
:
Boston A Providence—7s
Burl. A Mo.—Ld. gr., 7s.
117
Maine Central
!127
1105
[Gas Quotations by Geo. H. Prentiss <fc Co., Brokers, 49 Wall Street.]
GAS COMPANIES.
SECURITIES.
Insurance Stock List.
[Prices by E. S. Bailey, 7 Pine St.]
Bank Stock List.
449
176
68
190
117
122
6
14
13
111
34
83 Hi
101
ioev
107 Hi
90
*67"
28
96
60
107
93
101 Hi
59
29V
96V
66*9
10134 102
117
116
103 *4 103V
103
122 V
122
115
101
125*4 125 V
105
Wil. A Wemon—Gold, 7s.
1 Per share.
$ In default.
§ Last price this week.
THE CHRONICLE.
450
The latest railroad earnings
latest date are given
condition of the Associated Banks of New
and the totals from Jan. 1 to
week
The statement includes the gross
below.
Average Amount of—
Batiks.
earnings of all railroads from which returns can be obtained.
The columns under the heading “ January 1 to latest date”
earnings from January 1 to, and including,
period mentioned in the second column.
furnish the gross
the
Latest
Earnings Reported.
Roads.
1885.
Week or Mo
City Banks.—The following statement shows the
York City for the
ending April 4, 1885:
New York
EARNINOS
RAILROAD
Jan. 1 to Latest Dale.
1884.
1885.
1884.
Loans and
Discounts.
Ala. Gt. South’n
A tell. T. A 8. P.
89,276
98,450
February..
1,064.748 1,167,020
February
Atlantic A Pac..
Bost II. T. & W.
Bur. Ceil.R.&No
Canadian Pacific
Central Iow a—
Central Pacific..
Chesap. A Ohio
Eliz.Lex.&B.S
Clies. O. & S. W.
March
March
3d wk Met
itli wkMch
4th wkMcli
.
Chicago A Alton
Chic. Burl. A Q
Chic. & East 1)1
Chic. Mil A St.P.
Cldc. & Noriliw
Cli.St.P.Mm AO
Chic. & W. Mich
171.000
43,492
59,341
178.Out
$
203,211
2^180,44.6
35,9*83
55,405
116,000
32,723
30,897
l,397,00< 1,402,571
$
177,599
2,339,368
*91,785
98,557
616,229
1,291.341
568.523
778,859
298,870
321A 96
2,067,756
2,852.356
-
185,012
1.862.897
756,328
133,94b
262,366
1.937,845
February
1,601,015 1,971,013
31,584
4th wkMcli
35,354
490,649
494,00(
1st w k Apl
4 th wk Mch
651,200 601,400
3,594,395
3,619,233
38M24
5,440.00*
4,778,900
1,091,900
215,796
596,390
397.74 5
474.326
34 3,910
5,003,530
103 832
100.528
256,093
272,343
3d w k Mch
3d wk Mcli
3d wk Mch
4th wkMch
January
..
February.
Gr.BayW.ASt P.
Gulf Col. A 8. Fe
12,729
15,367
711,547
145,137
29,155
172,639
29,226
315,447
13,489
February..
4thwkMcb
Match
168,191
69,100
—
3d wk Mcb
7,904
33.062
19,701
311,894
17,404
Det.Lans’gANo 4th wkMcl:
Dub.ASioux (ity 4th wkMch
E.Tenn.Va.AGa. February..
Eronsv. A T. H
Flint A P. Marq
Flor. R’way & N.
Ft.Worth A Lien.
Gal.Har.A 8.An.
Grand Trunk...
70.428
155,900
22,713
69,64 5
196,098
54,< 85
12,963
256,09u
22,104
nh wkMcli
3d w k Mch
Cln.Iud.St.L.AC 4th wl Mch
Cin. N. O. A T. P. Fet ruavy
Cin.Wash.ABalf 4th wkMcli
Clev.AkronA Col 4th wkMch
Clev.Col.C.& Ind
Connotton Val..
Danbury & Nor
Deny. A Rio Gr.
Deny. & R. G. \V
DeB Mo. & Ft. I>.
65.538
3d wk Mch
4th wkMcli
4th wkMch
March
50.567
23.299
31.127
211,097
273,897
January...
Wk Mch.28
2d wk Mch
6,69i
89,102
February.
Ill. Cent. (Ill.).. 4 th wkMch
Do
(Iowa) 4th wkMch
256,301
37,40(
227,088
183,700
30,633
62,193
160,13J
57,558
4,773.458
1,146,552
304,214
494,154
342,943
437,374
12,821
272,34 3
19,620
13,541
123,085
62,131
42,272
27,650
42,813
25.737
1,298,834
195,126
1,129,614
5,893
76.44o
59,470
17,87c
236,036
188,97 7
320.: 92
*599,220
15,984
145,947
70,110
432,(60
22.974
262,493
29,600
254,134
313,793
6,685
124,959
215,215
163,315
72,454
296,181
212,558
638,380
141,319
596,766
259,430
84.420
254,134
78,364
211,097
3,493,590
52,251
181434
2,717.757
3,923,(53
67,716
263,373
2,484 880
33.017
349,620
A M. 3d wk Mcli
49.828
S5.736
193,222
46,830
15,847
563,151
585,457
406,512
15,623
14,811
163,400
Lake Erie AW.. 3d wk Mch
23,163
19.548
L.Rlr.A Ft.Smith February..
LRk.M.Riv. A T. February..
1st wk Apl
Long Island
..L’a Western
January...
Louisv.A Nasliv. 4 th wkMch
Mar.Hougli. AO. 3d wk Mch
Mexican Central 4th wkMch
Mex. N.. all lines February..
44,985
31,004
55,612
39.828
386,940
37,021
97*,951
25,636
51,840
50,666
377,219
61,646
520,810
39,828
5«,012
490,509
3,514,752
3,242,48m
51,966
55,010
614,0.8
268.520
116,882
273,834
236,193
525.7 86
397,487
Ind.Bloom.A W.f March
K.C.Ft.8. A Gulf 3d wk Mch
Kan. C. Sp.
Kentucky Cent’l 3d wk Mth
1
Milwaukee A No
Mil.L. 8b. A Wes!
Minn. A fet.Louis
Mobile A Ohio..
Nash. Ch. ASt.L
N.O.A Northeast
4,190
113.300
138,656
16.5*5
4th wkMcli
1st wk Apl
23,325
127,43**
195,140
174,919
62,980
February..
March
February..
February
.
5,393
78,303
City
Tradesmen's
Fulton
Chemical
Merchants’ Exch.
135.928
15,412
130,065
271,740
21,895
109,591
257,514
185.275
560.59
210,495
39,153
359,905
11.7,690
N.\.L.Erie A WaJ February. 1,139,740 1,233,109
386,742
341,005
N. Y. Pa. A O February..
226.090
252,003
N.Y. A Newr Eng. February..
121,369
128,330
N. Y. Out. AW. January
64,140
68,505
N.Y.Susq. A West1 February..
210,298
192,471
Norfolk A West March
27,919
26,252
Shenandoah V. 2 wksMcb.
389,04 9
39?,613
Northern Cent’l February..
978,9* 6!
686,427
Northern Pacific March
2 *,887
31,779
Ohio Central.... 4tli wkMcli
Feb i nary..
253,901
299,081
Ohio A Mi-s
43.540
28,122
Ohio Southern.. February
225,133
212,050
Oregon Imp. (Jo February
Pennsylvania... February.. 3,075,7* 0 3,426,7.-3
20.41c
17,270
Peoiia Dee.AEv. 4 tli wkMch
208 200
Febi nary..
246,065
Pliila. A Erie
Phiia. A Reading February.. 1,794.615 2,002,342
969.62c
956,779
Do
C. A It ou February..
349,200
352.300
Richni’d ADanv. March
75.57?
68,232
Cb.C'-l. A Aug March
59.767
69.002
Columbia A Gr. March
56.202
44,604
Georgia Pac .. March
109.590
97,905
Va. Midland.. February
27,884
37,972
West. No. Car March
18,938
21.145
Rocb. A Pittsb’g 1st wk Apl
81.04*
114.395
Rome Wat. A Og Januaiy...
17,810
12,640
Bt. Johns. A L. C. January...
117,4 52
8t. Jo. A Wcst’n March
34.550
33.210
BtL.Alton&T.II. 4tli wkMcli
18.850
21,719
Do (branches) 4th wkMcli
13,30.
20,001
Bt. L. F. 8. A W 4th wkMch
84.300
86,00u
Bt.L.ASan Iran 1st wk Apl
24,929
24.145
Bt.Paul ADuJ’tb 4th wkMch
.
129,33*
*
.
.
•
.
....
.
St.P.Mm A Man. March
8outh Carolina..
Texas A N. O
Tex. A St. Louis.
Tol.A A. A N. M.
...
.
February..
January...
3d wk Mch
March
Union Pacific... February
Utah Central
.
February..
Vicksb’g A Mer. February
Vicksb.Sh. & Pac. February
Wab. St. L A P. 4th wkMcli
West .lersey
February..
Wisconsin Cent’l 1st wkMch
.
m
1,809.973
243,103
601,4 is
808,459
2,113,144
241,821
574,302
7,000,9* (i
189,238
430,21*/
3.641,01 i
462 26 n
4.198,142
1,814.411
1,935.79
987,84
949,81.
237,165
216.533
2L 1,716
186,341
HO,90S
216,705
92,179
240,548
114.395
17 ,81*. j
81,010
293,976
371,729
197,479
206,63
12,640
122.338
1,150,979
198,657
1,556,53
700.160
55,306
75.433
44.284
17,445
364,“74
55,896
29,928
3,773,061
127,064
3,885,360
224,64S
249,684
144.054
94.966
16.467
17,879
1,561,949 1,540,754
56,193
25,995
451,675
56JM4
24.798
67 180
27,16a
262,895
94,986
222,354
65,200
168,551
47,461
3,233,89c
3,072,44*
140,375
150,71*.
73.473
87,607
136.48*
York Pennsylvania A Ohio road.
including the first six days of January, preceding time when
Receiver took possession.
t Not including Ind. Decatur
648,675
142,5- 3
A Springf. in either year.
9.544,000
187.600
10.15S.600 4.034.800
454.000
2,499,000
6,94 3,200 11,539.200
335.200
2,090.600
991.500
1,098,000
14,952,000 7.190.300
566.500
2.871.600
1,200,100
7),300
1,312,000
4.100.400
11,634.600
4.818.900
1,684.000
1.102.900
159.800
1,193,600
427.900
612.500
444.500
14 5,900
1,070,000
947,100
9U.000
101.000
136.200
261.400
77,000
3 51,300
89,900
859,hOO
2.705.300
M.KAT—Income
290.200
1.121.100
3.626.500
13,387.000
17,606,900
5.577,700
6,12J,700
2,37 J,50(
5.356.800
3.753.400
1.484.300
3,253,000
7.434.900
2,3e3,000
£-07,700
6.900.100
2,700.000
5.709 000
1.171.200
1,9:5,200
195,yoo
1,690,100
797,000
112,400
598,000
3.633.500
2.687.600
355,000
555.900
Nassau
Market
St.. Nicholas
Shoe A Leather..
2.167.500
668,800
2.964.400
532.000
204,000
133,00u
1.772.600
319.600
657,000
Corn Exchange
...
Continental
Oriental
Importers’* Trad,
Paik
North River
East River
Fourlh National..
Central National.
Second National.
Ninth National...
First National....
Third National...
N. Y. Nat. Exch..
3,049,000
4.714.900
4.279.100
1.827.300
18,449.800
17,500.000
1,600,000
1,079,900
13.332,400
7,481,000
2,383,000
4,932.000
16,069,100
Bowery
N. Y. County
German-Americ’n.
Chase National...
Fifth Avenue
German Excli’nge.
1.284.500
185.200
6.735.200
5,708,600
1,097,000
1,425.000
165,000
98.000
3e,000
1,061,400
1,069,200
2.900.400
4,297,000
4*23*6*66
4,120.000
45,000
5,400
1.573.300
3.885.100
9.550.500
3*60*666
3.044.000
271.600
3.122,000
2,74 8.300
2.474.300
1.661.500
3,213,000
4,081,200
5.575.300
1,832,001)
22.901,200
22,930,000
1,702,000
265,400
442,20*0
402,800
16*3**566
989,900
45,000
2,068,700
219,700
2,4 05,30fi
2,4 40,000
180,000
4.465.300
2.977.600
19 4,500
273.800
127.500
600,000
164.200
594.800
473.500
70.300
172.700
2.095,400
2.558.300
1.904.600
167.800
162,21)0
123.900
193.200
387.500
394,000
1,024,900
1.148.400
3,870.700
1,498,000
725.400
607,000
246.400
787,900
53,700
38,000
45,000
445,100
.
1*79*96*0
45*66*6
2.444.300
180,000
43.100
177.000
134,500
352.684,200!l0.953,800
totals for several weeks past:
Loans.
Specie.
L. Tenders.
Deposits.
$
$
$
$
Circulation Agg.
Clear’gt
$
$
301,371,400 104626200 31,870,700 354.291.200 10,97 7.600 428,776,688
300,981,200 104752800 32,029,900 353.443,900 10,899.700 437,169,555
302,757,100 104481400 30,812,500 352.684.200 10,953,800 416,524,824
Boston Banks.—Following are the
Circulation Agg.
8,324,500
8,408,400
4,989,400
5,510.000
8.304,600
5,219.100
$
5G,630,672
99,633,100 22,432,900
52,680.623
56,634,493
97,542,600 22,537,400
99,242.700 22,470,800
banks
Philadelphia Banks.—The totals of the Philadelphia
are as
follows:
La wf ul
Loans.
1885.
Money.
Circulation. Agg.
Deposits*
$
$
$
$
Mcli. 21
“
28
74,282,240
73,587,796
7,683,725
April 4
74,987.741
25.634,003
2 >,03 <,585
23,-01,0*3
*
Clear’gs
$
$
$
$
totals of the Boston banks
Deposits.
L, Tenders.
Specie.
$
.
809,000
119,000
579.800
126.600
256.700
418.800
1,646,400
783.500
148,000
2.726.400
1.736.900
1.834.600
2,50»,500
1.506.900
7*41',8*0*6
894,200
180,000
297,0(10
536.600
149,000
553.000
277.800
2,830.000
**2,600
492,300
44,000
18,571,700
8,648,000
2,842,000
5.454.600
18.162.100
6,175.500
1,206.200
1,530,800
560.000
2,668,200
176.600
2*24,6*0*6
1.214.300
5,039,500
1,978.700
335.300
1,110.200
2,011,900
1.894.400
298.800
597.800
965,000
259.200
7.551.900
2,113,000
4,722,20*’
The following are
M’h21
“
28
Apr. 4
608.300
302.757.100 104484400 30,812.500
Total
1834.
156.200
240,000
592,000
680,000
325,000
*83,309
4.0.-8 500
624.400
392, ] 00
392.400
364.200
Rio,600
540.500
416.000
24 9,700
540.500
1.100
264,200
19.721.100
2,796,800
3,670,900
1,773,000
1,110,000
951,100
2.520.100
1,122,700
12.912,000
17,375,500
4.069,600
6.607.200
851,000
1.749.600
1,512 500
1,268,000
1,919.100
453*000
4.142.000
450,000
2,016.000
17.307.100
105.800
Citizens’
Apr. 4 l43.2-i2.100
176,371
2l<?,19?
1,433,750
241,106
65,075
Irving
128.195
6,353,* 22
Not including earnings of New
•Not
-
...
142,756.200
142,077,200
65,095
119,719
1.088,610
North America
Hanover
M’li21
“
28
488,518
105,89t
271.60
Peoples’
495,649
121,369
88.641
203,909
Republic
Chatham
Loans.
445,17-*
169,42^
Pacific
1884.
575,377
121,494
65.075
23,909
25,500
...
.
793 26
Mercantile
74.893
456.516
.
Broadway
Garfield
Fifth National....
B’k of the Metrop..
West Side
2,505,740
820,3*7
139,17*
619,101.
li 0,67c
Americ’n Exch’ge.
Commerce
173.2:2
2,190.214
730,66*
..
Gallatin National
Butchers’& Drov,
Mechanics’ & Tr.
Greenwich.
Leather Manners.
Seventh Ward....
State of N. Y
50,666
959,358
266,979
1,104,000
4.265.800
Germania
United States
Lincoln
8*1 *,47*6
3.282,*'00
1.368.300
1,448,000
2,013.900
8,139,000
405,314
547,031
508,556
148,811
439,000
1,592,200
6.417,000
6.715.400
Phenix
$
12,532.000
9.270.000
8.257.500
..
tion.
than U. 8.
$
$
Circula¬
other
Teenders.
2,633,000
2,696,000
11,725,000
America
Net Deposits
Legal
Specie.
$
New York
Manhattan Co
Merchants’
Mechanics’
Union
....
February
[Vol. XL.
74,472,677
Including the item “due to other
72,953,918
72,452.73 t
Am. K’way
Imp.ex-bdsstk
Gen. inert
Bost. II.T.A West.—Stk.
Debentures
Butf. N. Y. A Plnla
Trust bonds, 6s
California Pacific
Commercial Tel Co.—Pref
Denver A New Orleans...
Denv. A Rio Grande—cons
58
Denv. A Rio Gr. W
Sen. R. G. A W., 1st
Guar, by D. A R. G
20
**5ng
44 Hi
2 Hi
*5*
M.,
Ft.WorthADen.City—Del
when iss. on T. AC..stubs
tfeely Motor
Lehigh A Wilkes. Coal."...
Little Rock A Ft. Smith..
Louisv. A N.—AdJ. bonds
Mexican National
Pref
1st mort
Mut.Un—St’ck trust ctfs
scrip.
Midi. A O.—1st m
N. Y. M. Un. Tel.—stock.
S. V. w.
R. Rtnctr
Bid.
Securities.
.....
5
49
20
7
Postal Telegraph—Stock.
1st mort., 6s
Postal Tel. A Cable—Stock
Southern Tel.—1st m
State of Tenn.—set’m’t.3s
10
11
4
4
29
65
2H;
IlHi
9
35Hj
20
35
39
834
70
60
18
18*3
2
6
2
5
19
58H}
234!
Utah Central
97
17
115
46
5
3*0
*8*5*
85
1st mort
Valley RR. of Ohio
—
17
16H>
i3<
3 Hi
60
50 Hi
St. Joseph A Western
St. Jo. A Pac., 1st mort.
2d mo:t
12Hi
Kans. A Neb., 1st mort. 104
95
45
2d mort
:
43
5
14 Hj Tex. A Col. imp.—6 p. c...
Texas A Pac.—Scrip 1?84. 28
8
29
Old scrip
7Hj
29
New scrip
32 I
Tex. A St. Louis—
70
M. A A. Div., ass’tpd...
20
M. A A. Div., 1st mort..
22
6s, 1st mort., in Texas.. 20
9
Tol. Cin. A St. L.—1st m..
Vici*8b. A.
i)7e
15
61
94
10
no
45
Settlement, 6s
Ask.
80
.
settlement, 5s
37
Geoigia Pac.—.Stock
1st mort.,Cs
.2d mort
I. tf. A \V. Income bonds.
quotations for a
North. Pac.—Div. bonds
40
100 ! North Riv. Cons — J00 o <*
5 Hi N. Y. A Green’d Lake, 1st
5»4 Ohio Cent.—Riv. Div., l»t
Incomes
4
Pensacola A Atlantic
1st moit
35
5
Pittsburg A Western, 1st
33 Hi
2 Hi
95 Hi 108
47
41,598,134
banks.”
A 8k.
Bank.AMerch.Tel., IstM.
$
42,547,084
42.872.782
7,6H7,6v0
7,690,390
Unlisted Securities.—Following are latest
week past:
Securities.
Clear’gt
MeruUa", 2d..
»
48
no
50
April 11,
THE CHRONICLE.
1885.]
Ittnestwetit
451
receiving 8 per cent of the import duties, in accordance
provisions of the concession. Up to Dec. 31, 1884, the
company has received in cash from this source, net, $2,669,344
^atlrxraxT
U. S. currency, and has paid out $2,790,535, in the same cur¬
rency, for interest on the first mortgage bonds.
The Investors’ {Supplement contains a complete exhibit
of the
The actual income for the year from all sources was as fol¬
Funded Debt ofStates and Cities and of the Stocks and Bonds lows :
of Railroads and other Companies. It is published on the Net eurnings, U. S.
currency
$1,150,229
last Saturday of every other month—viz.. February, April, Net subsidy
collections, U. S. currrency
847,440
June, August, October and December♦ and is furnished with¬
Total
out extra charge to all regular subscribers of the Chronicle.
$1,997,676
Extra copies are sold to stibscribers of the Chronicle at 50
“But, as intimated in the annual report for last year, July
cents each, and to others than subscribers at $1 per copy.
1, 1884, was fixed as the date when the main line censed to be
operated for account of construction, and all interest paid, and
ANNUAL REPORTS.
all net earnings received prior to that date have been closed
now
with the
AND
Itxijellifljjtijcjc.
“
Chicago Burlington & Quincy.
(For the year ending December 31, 1S84.)
The annual report of this company is
mainly statistical, and
as to the general remarks of the
President, an abstract was
given in the Chronicle of March 21,
The
362.
compiled for the
on page
comparative statistics for four years,
are as follows:
Chronicle,
HOAD AND
EQUIPMENT.
1881.
1882.
1383.
1334.
Miles ow’d and leas’d
Miles oper’d jointly.
2,826
98
3,131
3,224
93
98
3,369
Total operated..
Locomotives
2,924=
3,229
3,322
3,467
481
297
522
353
512
356
18,344
1,830
18,«60
1,930
587
336
20.200
Pass., mait&ex.
Freight
cars.
16,903
cars
All other
°
1,649
cars
98
into the construction account; the general income account of
the company dates from July 1, 1884, and the details will be
found in the tables below.
“
At the present time (April, 1885) coupons Nos. 6, 7 and
8,
from $36,062,000 of the first mortgage bonds,
coupon notes and scrip for
accordance with the terms of the* cir¬
that amount issued in
cular of June 16, 1884, leaving the coupons on $512,000 of
fii st mortgage b nds, amounting to $53,760, not yet
exchanged.
“
Tne trust notes given for the loan of Jan. 24, 1884, and all
floating indebtedness has been paid by the proce-ds of the sub¬
scription under Circular No. 5. The company has no floating
debt.
“
The
debentures, issued under Circular No. 5,
$2,500,000.
(Lpcratinns—
Passeng’s cat’d(No.)
1831.
3,202,818
Tons carried (No.)..
6,710,750
$
3,616,086
16,595,819
964,550
Earnings—
Passenger
Freight
Mail, express, &c
18 82.
INCOME ACCOUNT.
Cr.
3,852.208
Transportation
Taxes
exp.
Miscellaneous
Total expenses....
11,066,514
Net earnings
P.
c.
10,109,941
of op. ex. to earn
4.519,185
26,110,369
25,483,613
2,800,147
2,089,0*9
Total Mex. currency..$L,754,280
Equivalent iu U. S. cur¬
3,686,451
2,189,6.15
3,343,302
5,535.656
6,744,935
7,275,750
615,622
715,843
1,018,212
159,55 J
232,246
11,283,963
10,266,812
13,496,479
12,613,890
14,090,745
11,392,868
51*7
55 3
1883.
$
gr’t..
1,170,437
452,498
1,329,725
Total income
Disbursements—
Rentals paid
Interest on debt:
Dividends
Rate of dividends...
Carried to sink’g f’d.
Transf’d to ren’al f’d.
11,428,076
12,049.0o6
14,533.858
$
310,668
3,430,454
4,349,286
$
148,771
3,883.789
5,023,599
$
144,506
Total disbursements
....
Balance, surplus.
10,266,812
5,566.481
8
687,246
1,000,000
631,443
750,000
616,430
1,500,000
9,777,654
1,650,422
10,437,602
N.Eng.Tr.Co., trust’s
Miscellaneous
938,064
500,000
1,640,696
1883.
1,781,127
2,440,237
2,846,660
3,137,995
1,631,407
840,708
197,714
1,255,133
285.642
1,702.724
18.503
2,469.260
25,220
32,382
2,221.843
•
3,741.544
138,739,054 165,831,380 180,214,307 187,769,291
$
*
69,578,840
73,657
Bonds (seeSupp’M’T)
Laud grant sink. f’d.
Other sinking funds.
51,927,725
3,419,844
Contingent liabilities
7,195,000
1,769,837
4,2 .0,000
71,356
62,421,050
4,023,105
4,617,071
6,227,000
6,652,788
5,000,000
Total
8
1884.
$
141,876,859
*26,2 85,236
7,035,3 49
1,807,568
3,675,432
4,223,226
363,979
55,263,790
Miscellaneous J
Profit and loss
139,604
4,304,281
5,536,580
FISCAL YEAR.
1882.
$
Stock, common
Stock, B. & M
Income account
Renewal fund
$
2,583,433
1,611,464
...
Total....
Liabilities—
13,089,228
566,769
1,129,591
11,448.532
Assets—
$
$
Railed, equip’t, &c.. 117,527,014 133.493,121 136,729,911
Stocks owned, cost.. 10,581,938 19,318,213 25,583,069
Current accounts...
2,641,433
2,988,015
8,340 313
j .584.0 42
Materials, fuel, &e..
1,295,190
2,575,996
Cash on hand
Trust’s B. & M.l’dgr.
Trust’s C. B.& Q. s. fd
11,392.868
11,950,425
GENERAL BALANCE AT CLOSE OF EACH
1881.
1884.
$
4,093,005
8
8
4,766,661
15,381,174
4,691,366
'
1,352,622
5,888,018
$
71,869.840
Miscellaneous
rency to
8,443
71 406
71,384,491
4.726.395
2,897,131
6,024,090
9,236,223
6,500,000
1,660.603
5,844,213
*
Includes Han. & St. Jos., Kan, C. St. Jos. & C. B., Hume. & Shcn., St.
J. & Des. M., Ch. B. & K. C., St. L. K. & No W., and others.
t Includes subscription under circular of Sept. 15, 1881, $1,973,750;
and local aid and voluntary contributions, $1,244,311, &c.
J Includes unclaimed dividends, unpaid accounts, pay-rolls, *fcc., &c.
Railway.
Operating exp’ses, $1,1-2.9Is
Mex.
cur.;
equiv. to U. 8. cur
$1,028,624
Boston officeexpt iises..
29,322
i axes. State of Mass
16,500
Coups, of ** coupou notes
of 1889.”
Tut. on loan of Jan.. ’84.
Tut. p’d on notes pay’ble.
Bal. carried forward
.
$1,525,461
Total
Net subsidy collections for year
191.013
59,950
42,795
156,255
$1,525,461
1884, brought down to U. S*
$847,446.
Following is a summary of assets and liabilities for 1882,
currency,
1883 and 1884:
CONDENSED BALANCE SHEET DEC.
J
QQpt C~—
31, 18S2, 1883 and 1884.
”1
Construction
$14,126,018
Materials and supplies
Miscellaneous accounts
Vessel property
Accounts of Mexico offices...
Boston office accounts
State subsidy accounts
Bond discount & d.strib’g ac.
Bond interest
Mexican Government
Certificates of construction...
Monte de Piedad
Cash assets
Miscellaneous
Total assets
Liabilities—
2,2 2,107
3,504.332
174,275
133,425
722,596
18*3.
1884.
*2$:v8,659
}
2,470,246
^83.133,164
93,270
162,054
222,825
148,175
303,228
174,053
251, ♦ 51
10,276,000
34,588,800
969,115
2,806,443
2,790,562
1,144.605
3-0,000
727,14 5
78,523
$37,536,812
2,221,262
3.6 *2,165
1,060,541
71,826
120,020
2*0,449
330,046
55,615
9,87*,304
300 000
*5,849.299
300,000
516,146
101,842
195,548
$77,540,682 $101,274,812
Capital stock
$>,927,500
First mortgage bonds
L come bonds
Coupon notes & scrip of 1889.
$24,528,800
16.270,000
1,396,000
29 330 00 >
5,979,000
$31,362,900
36,874,000
7.611,000
3,676,255
Subscription account
7.161,125
5.480.212
Subsidy account
First mortgage bond coupous.
Unpaid drafts
1,09 >,000
3.963,329
5, *4 2.9 24
561,050
100,901
15,727,603
Vouchers, accounts and notes.
Revenue account
Miscellaneous
623.655
785.400
206.095
1,379.725
1,514.496
3,9i«4,r.47
18,751
13,919
$17,536,812
415.345
4 4,628
11,279 920
3,161,163
877,540,682 $L01,274,812
*
Of which $3,133,704 collected in cash to Dec. 31, 1881.
t $983,000 of this has since been paid.
+
76,379.140
71,006
71,144,608
5,2*0,999
3,92*^,4 65
6,016,0U0
10,876,920
7,000,000
1,178,250
5,913,903
138,739,054 165,831,380 180,214,307 187,769,291
Mexican Central
17.429
42,365
11,403
Equipment
1882.
$
Extra
2,216,2 05
243,149
52*4
10,109,941
147,6:18
$557,295
1,117 340
Freight
21,550,806
$
12,613,890
324,180
1,595,788
Net earuing3
Int. and exch
Net B. & M. I’d
Passenger.."
1,310,369
19,514,161
INCOME ACCOUNT.
Feceipts—
Dr.
earn ings—
baggage
Express
Telegraph
52*3
1881.
Eg
7,525,997
$
5.339,866
18,514,432
1,629,315
$
4,756,992
15,711,510
1,082,304
2,845,705
1,841,937
5,741,740
492,156
144,976
1884.
4,123,637
7,645,701
$
5.285,839
6,346,259
Total gross earnings. 21,176,455
Operating ext enscs-
Mamt. of way, &c...
Maiut. of equipment
1883.
limited to
are
(Exclusive of subsidy), for six mouths ending Dee. 31,1884.
2,052
OPERATIONS AND FISCAL RE 8ULTS.
r
amounting to
$3,786,510. have been fun-led, and
Milwaukee Lake Shore & Western.
(For the year ending December 31, 1884.)
The annual report states that now the great and rapid in¬
crease for two years past in the property, and important
pros¬
pects and connections, and wider distribution of the securities,
call for an account of what has been done in the past, and a
full explanation to the stockholders of the condition of the
enterprise,
on the eve of the completion of the line to a ter¬
minus on Lake Superior.
“When the company was reorgan¬
ized in 1875, the line extended from Milwaukee along the
shore of Lake Michigan to Two Rivers, and west from Mani¬
towoc to Appleton, 126 miles.
The country was thickly
settled, well cultivated, and the towns on the line were grow¬
ing in population and manufactures, but the competition from
the lake and shorter lines of railway to Appleton, the t rminus,
reduced the traffic and rates to very low figures. Tne gross
earnings for 1875 were $182,137. An extension into the un¬
occupied territory north of Appleton was the only rn^ans of
increasing the business satisfactorily. The country no* th of
Appleton was sparsely settled for thirty miles, but beyond
that line to Lake Superior, for 130 miles was an unbroken
forest, and in that part of the region lying s >uth of the lake
for fifty miles were valu ible iron mines hitherto inaccessible.
(For the year ending Dec. 31, 1884.)
The main line, City of Mexico to El Paso, Texas, was com¬
pleted and put into operation in April last (1831), and has been
recently inspected by the President and two of the directors.
It is in good condition, and above the average of roads in tiie
United States. The present mileage is 1,354*1.
Subsidy certificates were received during the year to the
amount of $2,550,000, and the amount of cash
subsidy collected It was decided to penetrate this country, as yet uninhabited
was $974,564, Mexican
currency. The entire expense of collec¬ and full of promise of business.” * * * “It will, however,
tion, including local exchange, was $17,313, The company is J be some years before any farm products are raised beyond the
“
THE CHRONICLE
452
needs of the local population; the most profitable employment
for labor being in the cutting of timber.
“The road is to be completed by July, 1885, to Ashland.
“The docks, yards, repair shops
Ashland will cost about $400,000,
FISCAL RESULTS.
Miles of road
and station buildings at
Total gi-oss
No passengers carried
No. passengers carried one mile..
Average rate per pass, per mile..
No. tons freight carried
f
No. tons carried one mile
Average rate per ton per mile....
259,694
278,440
9,552,770
10,084,697
358,o40
384.730
432,320
27,543,115
215ioo°*
34,747,993
2-hoooC.
38,593,270
1883.
389
1882.
326
Earnings from —
Fieiglit
$696,618
309,075
■
......
52 070
—
578,044
$1,058,663
670,525
$328,274
$388,138
63-78
63 34
$906,318
Totil earnings
Operating expenses and taxes
.
Net earnings
Per cent, of oper. exp.
to earn’gs.
Total net receipts
Interest paid (incl.
Miscellaneous
iucomes)
$152,778
$580,338
893,444
54,810
959,814
$410,712
1,136.868
47,409
49,562
1,090,015
53,65 i
$1,597,142 $1,590,414 $1,328,592
1,136,060
3.058,570
865,270
$537,874
66-31
$ 161,0 ?2
$143,269
66 35
v.
71-13
$463,322
65-12
1881.
$443,269
18S2.
$461,082
$537,874
1884.
$463,322
$446,912
$171,507
$542,839
$463,322
$235,527
4,905
$233,975
175,230
$248,335
$265,894
175,230
$410,757
$409,205
$533,330
$496,359
$36,155
$62,302
Dividends*
Total dishui sem’ts..
1883.
10,425
3,643
Total income
Balance, surplus
284,995
230,465
$9,509 def. $33,037
*
Tn 1881 and 1882 7 p. ct. on common; in 1883, 6 on com.
pref.; in 1884, 3 on com. and 7 on pref.
and 7 on
West Jersey.
(For the year ending Dec. 31, 1884.)
report says that the stock has been increased $43,050
during the past year by-scrip converted into stock. “In
$723,665 March last the Stockton Hotel and Improvement Company,
321.822
controlled by your company, sold that portion of its property
68,829
bounded by Gurney Street, Columbia Avenue, Howard Street
$1,114,316 and the Beach drive, on which was located the large hotel and
743,823
attached buildings, for the sum of $91,000. This property was
1884.
$370,493
6*75
1884.
1883.
1882.
$370,193
3,589
$3»8 138
4,942
$131,863
$229,071
$393,080
$282,849
$372,555
$285,444
$323,274
Other receipts.
toearn’gs.
Disbiivsetnenfs—
Interest on debt
INCOME ACCOUNT.
Net earnings.
earnings
Interest
The
491
275,624
37,330
—
261
INCOME ACCOUNT.
1-875C.
.
$593,361
Passengers
Mail, express, <fce
1884.
260
for the years 1882, 1883
The earnings, expenses and income
and 1884 have been as follows :
Milcsof road
1883.
225
earn’gs. $1,377,698
934.429
ReceiptsNet earnings
3:19c.
324]00(...
322.00c.
Net
P.c. of exp.
1881.
8,559,872
,1882.
225
Expenses & taxes...
527 miles, of which 150 miles have been built mainly with
reference to the development of the iron mines.” * *
“The operating expenses, as shown in the report for 1884,
were 06 75-100 per cent of earnings, against 63 34-100 per cent
for 1883, the increase being due to the' operating of many
miles of new line, upon which no business was yet developed
and also to the cost of hauling construction material, for
which no charge was made during the year.”
1883.
1881.
$370,475
Mail, express, &c
neighborhood of the docks will be placed under the mortgage
1882.
242,159
oper’d.
Earnings—
Passenger
Freight.
and this property with a
large amount of real estate acquired by the company in the
known as the Ashland Division mortgage, which also covers
the line of railway from the Montreal River to Ashland, 40
miles in length.
In July the company will have in operation
[Vol. XL.
2,062
1,198
represented on your books at $150,000. The 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 prop¬
erty belonging to the Hotel Company. The 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
this 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 dis¬
tance of 11*1 miles, constructed the road-bed and bridges ready
for track, and have transferred to the West Jersey Railroad
Company all of the stock owned by it, in consideration of the
West Jersey Railroad Company laying the track thereon.”
*
*
“ The West
Jersey Railroad Company own the entire
issue of the stock of the Ocean City Railroad Company,
amounting to 4,000 shares, and it is represented on your books
“
$229.0711
$102,792
Total
Surplus
$282,819
$110,231
$286,642
$85,913
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 cost of which
has been charged to operating expenses, less credit for old iron.
The bonded debt was increased during the year by the sale of
$35,000 of the 5 per cent mortgage bonds of the company, the
proceeds of which were used for terminal facilities at Muske¬
gon 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 &
West Michigan Railway Company, the former company has
been dissolved, and the accounts representing its cost to this
company have been closed by transfer to construction ac¬
*
$50,000.”
Comparative statistics for four year3, compiled for the
Chronicle, are as follows :
1884.
at the sum of
Total
FISC A L
1891.
Total miles
operated
3G7
$
Earnings—
Passenger.-.
401.428
877,936
45,688
Freight
Mail, express, &c
Total gross earnings
1,325,052
$
Operating expenses—
Maintenance
Movement
Station expenses
General expenses
earnings
P. c. of oper. exp.
1883.
1894.
410
$
413
413
$
$
451,927
950,801
66,939
458,949
460.053
995,674 1,026,938
48,810
57,107
1,503,433
1,550,098
$
$
$
407,428
294,240
*524,116
465,579
81,936
118,541
105,132
135,495
134.847
118,833
131,371
1,054,980
1,047,788
1.185,224
1,000,690
270,072
to earn’gs
79-61
455,645
69-66
364,874
76-46
468.977
68-09
1882.
1883.
1884.
$
$
364,874
7,559
$
468,977
2,217
109,500
INCOME ACCOUNT.
1881.
Receipts—
Net earnings
Other receipts
Total income
Disbursements—
Interest on debt
$
455,615
272,397
$
462,713
$
372,433
471.194
$
$
117,756
191,423
217,024
153,580
184,506
215,257
345,003
401,530
117,710 def. 29,097
437,342
Dividends
Total disbursements
Balance, surplus
.
270,072
2,325
117,756
154,641
7,068
222,085
33.853
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, which 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 business should again place this stock upon a
dividend-paying basis.”
Earnings and income for four
years were as
Freight
Mail, express, etc
Total gross
.
follows:
62
108
80
120
80
163-
175
188
200
Net
621,515
2 *-9,475
709.017
306,788
77,535
93,605
560,953
$
770,632
357,652
99,370
18*4.
$
825,590
390,196
103,862
648
1,109,410 1,227.654 1,319
816,343
427,572
earnings
1883.
1882.
$
1881.
$
988,525
earnings...
Op. expenses and taxes....
654,743
785,758
454,667
441,896
503,305
INCOME ACCOUNT.
1,469,667
336,727
470,434
and taxes
‘
Passenger
454,525
399,978
Total
Net
„
1992.
1883.
106
69
EARNINGS AND EXPENSES.
Earnings—
RESULTS.
1882.
101
operated
count.”
Earnings and income for four years were as follows :
1881.
Miles of road owned
Miles leased and controlled
Receipts—
1882.
$
$
427,572
Net earnings
Other receipts
1883.
$
441,896
454,667
1884.
$
503,305
3,074
Total income
Disbursements—
Rentals paid
Interest on debt
Net earn.of \V.J.&A.RR.,&c
Dividends
Rate of dividend
515,271
$
41,270
431,646
$
33,034
454.667
441,896
$
33,034
175,726
53,034
54,390
177.118
57.775
82,807
$
36,571
178,888
73,075
85,232
6 p. c.
6 p. c.
6 p. c.
350,734
373,766
68,130
394,900
120,371
4 p. c.
Total disbursements
Balance, surplus
1881.
316,184
114,462
103,933
175,174
90,668
87,788
Richmond & Alleghany.
(For the year ending September
30, 1884.)
The receivers of this company have issued a full report
the year ending September 30, 1884.
Their report says:
“The close of the year finds the property in an
for
improved
condition. Bridges, trestles and buildings have been main¬
tained 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 acci¬
dents.
In March, 1884, there was a freshet in James River,
which lias occurred since the con¬
* * * “The Lynchburg
this year. Its construction
was a necessity imposed by various contracts of the old James
River & Kanawha Company.
It is a most substantial struct¬
ure, costing about $120,000.
Toward this cost, however, the
city of Lynchburg made liberal contribution by giving the
company the rights of way through any of the streets in the
greater in volume than any
struction of the road was begun.”
dam was brought to completion
April 11,
part of the city and releasing a claim
payment of which all the revenues of the
lower
power
had been pledged.” * * *
Richmond & Alleghany has,
“The
of $35,000, for the
Lynchburg water
in common with most
realize expected earnings during the
All the sources from which revenue is derived have
seriously affected by the eeneral depression.
The prin¬
cipal effect has been to retard expected development in most
branches.
Actual decline was experienced only in loca
traffic, dockage and rents. Rates on local traffic and dock¬
age were maintained; the decrease was in tonnage. The move¬
ment of iron ore was but one-third of that of the year before.
Less wheat has been carried, although the yield of the James
River Valley was estimated to be larger than that of the pre¬
vious year.
Lumber and other interests have suffered greatly,
and local return freights, consisting largely of supplies anc.
merchandise, have kept pace in the decline. Through tonnage
has largely increased; as a result of improved relations with
connecting lines no restrictions are now imposed upon the inter¬
change of through business at Clifton Forge, Lexington or
Lynchburg. The result of this favorable change, effected dur¬
ing the year, would have been most satisfactory but f >r the
unprecedentedly low rates that prevailed, the evil effect of
which has been aggravated by their fluctuations and uncer¬
tainty. Passenger earnings show a steady increase through
the year, with good prospects of continuance, the results of
improved relations with connecting lines being manifest in
other roads, failed to
year.
been
this branch of service also.”
EARNINGS AND EXPENSES EOR
Earnings—
Freight
THE YEARS
1884.
7. $331,670
1832,*1883 AND 1894.
1833.
1882.
$371,782
$306,130
131,377
Pas enger
Mail
160,150
14,542
153,792
14.198
16.115
Express
Telegraph
21.941
17,089
12,169
8,316
2,377
890
337
4,740
6,303
20,949
10,391
5,09 4
Miscellaneous
Rents
Water rents
Richmond docks.
:
Manchester water power
4.586
20,492
30,262
11,807
Total earnings
$601,083
Operating expenses —
$171,165
Couductiog transportation
12,084
Conducting transports express
46,689
Maint. motive power and cars.
105,429
Maint. way and buildings
27,323
Operating collateral properties
21.754
10,967
33,966
10,772
$635,327
$548,658
$15 4,230
$151,412
33.130
9,325
8.262
42.092
85,610
43,880
78,381
42,026
73,617
47.261
57,414
operating expenses... $120,104
$106,OuO
$395,495
General expenses
Total
66,299
of $15,676,548,
The general balance sheet gives total assets
and liabilities the same amount, including under
head $7,994,000 bonded debt,
595 “interest on bonds.”
the latter
$755,959 bills payable and $959,-
GENERAL INVESTMENT NEWS.
Baltimore & Ohio.—The Pniladelphia Press reports : “ The
Baltimore & Ohio have at last practically succeeded in obtain¬
ing their right of way into Philadelphia. The original plan is
to be adhered to, and the road will cross the Schuylkill below
the Gray's Ftrry 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 Pennsyl¬
vania Avenue, where connection is made with the tracks of the
Philadelphia & Reading.
Nothing but ihe adverse action of
Councils or two or three property owners can prevent the suc¬
cessful completion of tbis route. It must be understood that
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 incor¬
porated under the lawrs of Pennsylvania, and doing business
simply in the county of Philadelphia. This line is the con¬
necting link between the Baltimore & Ohio and the Philadel¬
phia & Reading, and it is over its tracks that the two com¬
panies propose to exchange business Although not a foot of
track has been laid, the right of way has been almost com¬
pletely 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 passed
April 1, the capital
stock of this corporation will be increased by the issue of 7,660
shares.
Stockholders of record at the close of business
day will be entitled to subscribe for one new share for
every five shares of 100 dollars par value held by them respec¬
tively, on the payment of $100 per share. One old share of
$500 will be entitled to the same rights as five shares of $100
new
that
each.
—A correspondent of a Boston paper states that
chusetts Railroad Commissioners recently notified
“the Massa¬
the Boston
corporation that the legal limit of its right of borrow¬
ing 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 borrowing on the bonds,
the directors, at the time of acquiring 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, wfitli
which they can begin the extension of their track from Swanton or Sheldon toward Montreal.” The Vermont road referred
to is the St. Johnsbury & Lake Champlain.
—A traffic contract was consummated between the Boston
Concord & Montreal and the St. Johnsbury & Lake Champlain
railroad companies, whereby.the latter line passes under the
control of the former, which in turn is under the management
& Lowell
453
THE CHRONICLE,
1885.]
of the Boston & Lowell Company.
The arrangement took
effect April 1, and is another step in a comprehensive plan of
the Boston & Lowell road to make itself independent of the
Central Vermont for its through
connections.
Chesapeake & Ohio.—The following summary of informa¬
mortgages of the Chesapeake &
New York Express:
tion in regard to the several
Ohio Railway is given in the
“
Tlie drop in Chesapeake A Ohio Series B bonds has drawn attention
to the nature of those and other securities of the company, and caused
that inquiry on the part of bondholders which might have been more
wisely made at an earlier day.” ■c * * “ Chesapeake A Ohio Series A
and B bonds were issued under one mortgage nude July 1, 1878, under
the reorganization plan formulated by A. 8. Hatch. C. P.
and others. The amount of the mortgage was $ L7,000,000: the security
was the main line from a point on the James River below Richmond to a
point on the Ohio River iu West Virginia, together with franchises,
Huntington
buildings, &c.
[Series A also secured on Peninsula Extension. J Of the
$2,000,00 > were known as series A,
payable October and April in gold. The remainder,
bonds issued under the mortgage
with
interest
$15,000,000, were designated series B, and were issued with interest
coupons for the first three years payable May and December in first
preferred stock, or in scrip convertible ihtosuch stock,” Ac., &o. * * *
‘‘Provision was made iu the mortgage that the company might issue
other bonds not to exceed $1.0,122,500 (now known as the second mort¬
gage), bearing 6 per cent interest, payable January and July, and run¬
ning forty years. Interest on these additional bonds was payable for the
first six years iu second preferred stock; iu the seventh year 2 per cent
in currency and 4 per cent in second pref. stock; iu the eighth year, 4 per
cent in currency and ‘2 per cent iu second preferred stock ; in the ninth
year and thereafter, in full in currency, or as nearly in conformity
therewith as the net revenues of the company would permit, auy
deficiencies in cash payment of interest on the said bonds to be made up
in second preferred stock.
Besides the bonds described, Chesapeake & Ohio has issued $2,350,000 purchase money funding bonds; $2.000,0o0 gold Peninsular Exten¬
sions; $42,000 of $3,000,000 authorized of first mortgage gold exten¬
sions and 8900,OuO equipment bonds. It should be stated, also, that series
A bonds differ from series B in that, besides the security/ afforded by the
mortgage of the main line, by a subsequent mortgage the lien was extended
over the Peninsula Division, a line seventy-five niUts long, running from
Richmond to Newport News, and the terminus at Newport News.
With
one exception, all the Chesai>eake A Ohio mortgages contain a provision*
that, in case of default on principal at maturity or default of iutereat
when due, the terms of the mortgage shall oontiuue ‘ uuiil ou each of
six successive due dates of coupons some interest shall be in default/
Then only ‘ the holders of bonds representing iu the aggregate at least
a majority in amount’make demand in writing for surrender of the*
security of the mortgage. After default and demand, the trustees have,
power to sell the security. The only mortgage <vf the company drawn iir
the ordinary way is the Purchase Money Siuking Fund Mortgage, which
was made u der au order of court to secure prior liens when the road
was reorganized.
But the amo mt of that mortgage is so small that it
should not imperil the interests of bondholders uuder the other mort¬
“
gages.
The interest payable iu
cash iu 1885 is that on the first mortgage,
embracing the A and B bonds and smaller mortgages. Interest on the
seconds, as may be seen, may be paid in second preferred stock so long
as net earnings are not equal to paying them iu cash.
Fi lends of Chesa¬
peake A Ohio i*ay the road is in excellent condition, and is capable of
earning more than its interest m times of merely ordinary prosperity
along the line. The interest payable in money last year was about"
$1,34 t,3U0 aud this year should be $1,544,000. To pay fu!l interest in
cash the company would need $l,944,3uO. The following statement is
taken from the annual report; taxesare included iu operating expenses:
Gross
Operating
Net %■
Earnings.
Expenses.
Earnings.
1891
$2.705,313
$2,247,403
$137,940
1882
3.33i,976
1,032,528
2,302,448
1383
3,906,792
2/ 0 *,931
1,306,858
1834
1,075,895
3,538,605
2,462,720
*•
Washington & Baltimore.—At Cincinnati,
April 8, the annual meeting of the stockholders of the Cincin¬
nati Washington & Baltimore Railroad was held,
A report of
the president shows for 1884—gross earnings, $1,854,807;
expenses, $1,408,871; net earnings, $445,936. The fixed charges
amounted to $692,072, making a deficit of $246,136.
Denver & Rio Grande.—A committee selected after the
visit last winter of the representatives of the foreign bondhold¬
ers in London, Edinburgh and Amsterdam, is preparing a plan
of reorganization of this company. Those gentlemen represent¬
ing the foreign bondholders went over the road, and made an*
intelligent report on the status of the company and its future
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 Philadelphia of a
Cincinnati
committee there, formed in October, ;
be made 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 bondholders, whose prior
rights are not fully acknowledged. It is proposed to scale
down their interest, and also to ask them to give up their
present lien on the best part of the property and take a new
x>nd secured by a mortgage of much larger amount.
The *
first mortgage bondholders should not entertain such a propo¬
sition for a moment, as they have a strong first lien, which
uhere is no doubt the courts will protect. A brief outline of
the Philadelphia plan is given as follows : “ The fixed charges
will not, it is claimed, exceed $1,500,000 for the years 1886 to
1889, inclusive. Holders of the present first mortgage bonds
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 .
and the equipment. Holders of the consolidated bonds will get
4% per cent till 1890 and 5 afterward (“ B.”) The plan contem¬
plates the issuance of anew first mortgage for $80,000,009 gold
on all the existing property.
Series “A” will amount to $10,000,000 and mature Jan. 1, 1906, at 6 percent interest, payable
quarterly. Series “B” includes $20,000,000, manuring Jan.
', 1916. For the years 1886 to 1889 interest will be 41^ per
cent, and after that 5 per cent.
A new second mortgage,
amounting to $20,000,000, of non-cumulative gold debentures
is also to be created, $11,000,000 being issued to execute the
flan
proposed b}r
a
L884, which seems to
THE CHRONICLE
454
plan, and the balance to be held in reserve for the acquisition
new property when needed.
—At Denver, Col., April 6, a meeting of the stockholders of
the Denver & Rio Grande Railway was held.
About $20,000,000 was represented. W. S. Jackson, C. F. Woerishoffer,
and T. H. A. Tromp were elected directors. A meeting of the
directors to elect officers will be held in New York on April 13.
Des Moines Osceola & Southern.—On application of sev¬
eral creditors of this company, the Iowa Circuit Court
appoi nted a receiver for the road on April 2. 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.—R. R. Gazette.
Houston & Texas Central.—A press dispatch from Waco,
Texas, April 5, said : “In the United States circuit court to¬
day Morgans’Louisiana & Texas Railway & Steamship Com-
of
.
gany
a bill offorcomplaint
HoustonThis
tentral
filedRailway
againstofthe$762,000.
& Texas
the recovery
suit
embraces the line of the Central railroad from Ross station ten
miles north of Waco to Albany, Texas, a distance of 228 miles.
Benj. G. Clark of New York, and Charles Dillingham of New
Orleans, were appointed joint receivers in this suit.”
Iron Railroad (Toledo Cincinnati & St. Louis.)—At Cin¬
cinnati, April 6, William Robinson, of Boston, filed a bill in
the United States Court against the Toledo Cincinnati & St.
Louis Railroad, the Iron Railroad, the Iron Railway Company,
the Central Trust Company of New York and John C. Coombs.
The plaintiff recites that the suit is brought on behalf of the
second mortgage bondholders of the Iron Railroad Company.
The bill states that the consolidation of the three first-named
companies was illegal, and asks that the sale of the Iron Rail¬
road be set aside, and such other relief be granted as is deemed
necessary.
Mexican Central.—At the annual meeting of the Mexican
Central Railroad in Boston, the following directors were unan¬
imously elected: Oliver Ames, Isaac T. Burr and Benjamin
P. Cheney of Boston ; Sebastian Camacho and Charles C.
Blodgett of Mexico ; Jacob Edwards and Ambrose B. Lawrie
Of Boston ; Levi Z. Leiter of Chicago ; Albert W. Nickerson,
Charles J. Paine and William Roth of Boston ; David B. Robjmson of Mexico; Warren Sawyer of Boston; Robert R. Symon
pf London, England ; Arthur Sewall of Bath, Me., and George
B. Wilbur and Levi C. Wade of Boston.
Mexican Subsidy.—The Boston Transcript says : “A cor¬
.
respondent asks why the Mexican Government continues to
pfty the Mexican Central subsidy, while it has suspended pay¬
ment upon the Sonora subsidy.
It may be some reason to
.state that the Sonora subsidy is a direct cash obligation of the
Mexican Government, which the Government declares itself
fit present unable to fulfil. The Mexican Central subsidy is
[VOL. XL.
and for an order to close the trust. The
petition represents that Receiver Clark, alleging that the con¬
tinued custody of the whole of their rolling stock is a burden
land Car Trust,
to the estate in his hands, threatens to deliver it to the owner
—the American Loan & Trust Company, trustee—and in this
case it would be withdrawn from r 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 i3 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 $200,000 more
likely to come in.
—At Hartford, Conn., April 8, the Senate passed the bill for
settling the overdue taxes of the New York & New England
road, by accepting $150,000. It had already passed the House.
New York West Shore & Buffalo.—Kieman’s report says :
“Messrs. Russell Sage, H. L. Horton & Co., Henry Clews &
Co., Schafer Bros., Musgrave & Co., and others interested in the
West Shore Railway Co., who are dissatisfied with proposed
plan of reorganization, have called a meeting of the holders of
bonds at Windsor Hotel, 13th inst., for the purpose of taking
measures to protect their interests.”
North Carolina State Bonds.—The State Treasurer gives
notice that the time for exchanging certain old bonds of the
State into new 4 per cents, under the act of 1879, has been
extended to Jan. 1, 1887. The exchange is made at Raleigh,
and bonds presented must be accompanied by all coupons in
the holders’ possession.
Oregon & California.—About a month ago this company
procured a preliminary injunction restraining the Oregon &
California Company and the Farmers’ Loan & Trust from
issuing additional bonds. The ground of the injunction was
an allegation that the Oregon and California Company had
agreed to limit to $2,610,000 the issue of bonds on its road as
it stood on July 1, 1884. Judge Andrews, holding Supreme
Court, Chambers, has vacated the iDjunction, holding tnat as
the alleged agreement had not been proved the defendant
companies had the right to issue and certify additional bonds.
Oregon Improvement Company.—This company’s statement
for February and for the three months of the fiscal year from
Dec. 1 to Feb. 28 is:
February.
/
1885.
Earnings
Expenses
Net
earnings
.
Three Months.
,
1884.
1884-5.
....$212,050
171,o98
$225,133
203,851
$673,366
545,765
$758,788
634,576
$10,952
$21,282
$127,601
$124,212
.
1883-84
Philadelphia & Beading.—At Philadelphia, April 9, a long
conference of the Bartol and the Whelen Reading Railroad
committees was held.
Upon the adjournment the members
decided to give no publicity to their deliberations.
No propo¬
paid directly from the customs revenues, eight per cent of all
Jhese revenues belonging by law to the Mexican Central sub¬
sidy account.”
sition, they said, had been made by either party.
New York Chicago & St. Louis.—A meeting of first mort¬
Pittsburg & 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
issued the call for the meeting.
It was said that about
$10 ,000,000 of the first mortgage bonds were represented. The
nature of the grievances and the remedies proposed are fully
set forth in the following preamble and resolution offered by
Mr. E. B. Underhill, and unanimously adopted :
a decree that the receivers be permitted to borrow
amount not exceeding $210,000 for the purpose of making
payment of wages of employes ; also, accommodation paper
outstanding, judgments obtained for land damages and
Court made
any
counsel fees.
Texas & St. Louis.—It is understood that a plan of reor¬
ganization is to be submitted shortly to the bondholders, which
will provide for the extension of the road from Bird’s Point,
Mo., to St. Louis, 155 miles, making the entire length of the
road 890 miles.
It provides also for the change of the road
directors have been the same in both companies, and
from 3-ft. to standard gauge.
In order to pay for the exten¬
Whtreas, The New York Chicago & St. Louis Railroad Company is
reported to have a large floating debt, and has been placed in the sion and the change of gauge, new first-mortgage bonds will
hands of a receiver at the instance of the junior creditors, which is be issued on the entire line at the rate of $12,000 per mile; the
believed to have been done with the consent of tbe management of the
present first-mortgage bonds to be exchanged for income bonds
company for the purpose of retaining control of the property in the
and the income bonds for preferred stock. The details of the
Interests of the Lake Shore Company, with intent of
defaulting
in the interest upon the $i5,000,0<)0 first mortgage bonds maturing
plan are not yet made public. This company has made a traffic
June 1, 1885, lor the purpose of forcing the first mortgage bondholders
agreement with the St. Louis & Cairo providing for the
to take a less rale of interest; and,
Whereas, It is believed that the property, under an independent man¬ exchange of business to and from St. Louis and points in Texas.
agement, can demonst’ate its ability to secure such business relations Some three years ago the company made an exclusive contract
as will amply provide for the full interest charges under the first mort¬
with the Illinois Central for St. Louis business, but the receiver
gage; therefore,
claims that he is not bound by that contract.
Hesolvtd, That a committee of seven be appointed, consisting of F. H.
Ooesett, of the Mutual Life Insurance Company; Adrian Iselin, Jr.;
Union Canal.—The general mortgage bondholders of the
Stephen Crowell of the Plienix Insurance Company; I. B. Newcombe; Union Canal
Company have foreclosed. The canal is seventyThomas Denny; Charles E. Quincey, and W. R Travers, for the purpose
Of determining what steps are necessary to fully protect the interests of seven and one-half miles in length, running from Reading on
the Schuylkill to Middletown on the Susquehanna, and the sale
the first mortgage bondholders, and of emploj ing the necessary counsel
to the end that the rights of the first mortgage bondholders be promptly
will take place on the 19lh of next month.
enforced; and further, to take such steps as they may he advised shail
Union Pacific.—The following is a report of this company’s
prevent the payment of any debt in abrogation of tbe rights of the first
mortgage, and to prevent the creation of any debt or obligation by land sales effected in March and the first quarter of 1885:
receiver’s certificates or
’
Whereas, The Lake Shore & Michigan Southern Railroad Company
holds the controlling interest in the capital stock of the New York
Chicago <fc St. Louis Rniiioad, and
Whereas, The management of the latter has been under the practical
direction of the same parties, as shown by the fact that the leading
,
otherwise,
mortgage.
On motion of Mr.
as
shall be
Hugh L. Cole, it
was
a
prior lien to the first
also resolved that the
committee be instructed to take into consideration the advisa¬
bility 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 the receivership cause,
which is pending in the United States Circuit Court at Hart¬
ford, Conn., Messrs. William T. Hart, Frederick J. Kingsbury
and Eustace C. Fi>z, 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 Eng¬
<
Union Division
Kansas Di vision
Total
Decrease, 1885
March, 1885.
/
March, 1884.—*
Acres.
Amount.
Acres.
Amount.
100,990
64,208
$181,289
258,951
332,924
48,148
$798,187
209,792
165,193
$440,241
391,073
$1,007,979
2L5,874
$567,738
foJfar.31,’85.-N <-Jan. 1
r~Jan. 1
UnionDivision
Kansas Division
Total
Decrease, 1885
Mar. 31,’84.-n
Amount.
Acres.
Amount
Acres.
156,819
95,330
$263,940
391,180
58«>,756
86,125
$1,419,386
391,880
252,149
$65'->.l21
667,182
$1,814,267
415.032
$1,159,146
THE CHRONICLE.
11, 1885. J
April
455
COTTON.
'^lxe Commercial jinxes.
COMMERCIAL
EPITOME.
Friday
The most
ensue
bales, against 28.111 bales last week, 28,810 bales the previous
32,885 bales three weeks since; making the total
receipts since the 1st of September, 1884,4,601,095 bales, against
4,619,774 bales for the same period of 1883-84, showing a
decrease since September 1, 1884. of 48,679 bales.
Night, April 10, 1885.
week and
important event of the week is the occurrence of
hostilities in Afghanistan,
will
Friday, P. M., April 10, 1885.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the week ending
this evening (April 10), the total receipts have reached 21,808
strengthening the belief that war
producing a
between Great Britain and Russia, and
marked effect in
speculative circles.
visions advanced ; cotton and some
There has been
a
Galveston
Mobile
in Northern latitudes, but progress has been made in the
Florida
resumption of inland navigation.
The low temperature is
causing the spring season for regular trade to pass away with¬
out realizing satisfactory results. There is, however, an
increasing activity in manufactures. Labor shows some dis¬
Brunsw’k, &c.
Pt. Royal, &c.
Wilmington....
....
....
326
2,764
379
3
65
316
...
....
....
1,167
....
26
....
192
....
....
16
5
Moreli’d C.,<fec
Norfolk
497
153
*120
14
....
Fri.
....
*875
....
Thurs.
212
47
175
Charleston
...
Wed.
824
....
Savannah
content and several strikes of minor
•
....
New Orleans...
Tues.
185
20
Indianola, &o.
return of colder weather, snow having fallen
Mon.
Sat.
Receipts at—
Breadstuffs and Pro¬
other staples declined.
....
136
....
....
....
737
1,191
....
....
142
18
....
....
11
1
67
9
1,346
1,117
d
6,514
128
396
1,139
1,130
4,961
1,130
16
16
702
149
94
n
51
99
3
3
....
....
Total..
475
160
139
481
310
81
importance have occurred,
1,696
550
550
West Point,&o
but no serious troubles from this cause are anticipated.
414
742
164
515
Lard futures were dull until Thursday, when they became New York
306
200
109
133
28
71
Boston
active at buoyant values, in sympathy w ith the speculative
869
Baltimore
sep
advance in corn. To-day there was a quieter market, closing
169
108
144
70
190
281
Pliiladelp’a, &c.
at 7'20c. for April, 7*28c. for May, 7*35c. for June and 7 43c.
2.829
2,415
3,111
6,625 21,808
Totals this week
1,830
4,993
for July. Spot lard was to-day quite active at 7*15c. for prime
city, 7‘25ci fcr prime Western and 7,50c. for refined for the For comparison, we give the following table showing the week’s
Continent. Pork is dearer and more active at $13 25 for mess, total receipts, the total since Sept. 1,1884, and the stock to-night,'
$13 50 for family, $10 50@ $11 for extra prime and $14 50@ and the same items for the corresponding periods of last year.
Slock.
'Y
1884-85.
1863-84.
$15 25 for clear. Cut meats have been dull, but close more
Receipts to
Since
Since
This
This
Sep.
Sep.
active, with large sales of pickled bellies at 5^@6^c., with
1884. ' 1
1885.
April 10.
Week.
Week.
; \
1, 1883.
1,1884.
shoulders quoted at 5^@5%c., and hams at 9%@9%c. Smoked
18,035
meats quiet.
18,436
1,117 451,109
1,608 582,073
Beef unsettled. Tallow steadier with a fair Galveston
27
9
8.397
10,706
Ind’nola,&o
demand at 5%c. Butter is dull at 19@27c. for creamery.
New Orleans.
173,772
186,|ff9<i
9,052 1,480,609
6,514 1,475,384
Cheese quoted at 6^@12c. for State factory.
396
Mobile
17,625
14,308
227,030
2,502 247,470
The slaughter of swine at the West for “ summer packing ” Florida
379
1^3
1,139
77,102
42,497
shows a considerable increase as compared with last year— Savannah....
7,978
18,185
4,961 705,189
1,569 643,761
16
7,884
9,734
Br’sw’k,&o
nearly 50 per cent. The following is a comparative summary
702
618
Charleston...
507,664
418.679
12,710
8,041
of aggregate exports from Oct. 27 to April 4 :
11
91
13,248
....
....
•
•
...
•*
......
*
•
1884-5.
Pork, lbs...!
Bacon, lbs
Lard, lbs
Coffee
on
24,206,800
217,482,833
131,309,213
the spot has been
1883-4.
,
19,348,200
180,710,015
91,002,489
Inc.
4.858,600
Inc. 30,766.818
Inc. 39,706,724
fairly active, with fair
Pt.Royal,&c
Wilmington..
98
6,374
93,227
590
M’headC.,«fec
3
9,593
65
1,696
540,359
273,744
64,270
78,996
27,382
43,182
1,818
Norfolk
cargoes
W.Point,&c.
550
New York...
1,835
Rio still
867
90,720
12,500
568,841
219,382
2,409
99,668
1,432
......
4,348
......
10,686
11,294
348,321
347,6lf
quoted at 8%c., but the speculation has been dull at Boston
847
6,72*0
157,891
6,310
5,915
869
857
21,300
11,397
9,215
drooping values, closing to-day with sellers at 7*30c. for May, Baltimore
962
34,843
11,334
12,453
1,826
7*45c. for July and 7’600. for September. Raw sugars have Philadel’a,&c
Total
21,808!4,601,095 30.113 4,619,774 625,539 631.515
declined, but close steady and more active at 4 9-16@4 ll-16c.,
with sales of 1,800 hhds. white centrifugal at 5 5-16c. Refined
In order that comparison may be made with other years, wo
Molasses has declined and closes at 17^c. give below the totals at leading ports for six seasons.
sugars unsettled.
for new crop Cuba, 50 deg. test. Teas have been dull and Receipts at—
18S2.
1881.
1835.
1884.
1883.
1880. ’
drooping.
Galvest’n.&c.
4,181
1,635
4,920
1,126
13,129
7,436
Kentucky tobacco has been quiet and nearly nominal. Seed New Orleans.
21,661
5,913
19,175
15,343*
6,514
9,052
Mobile
leaf has been fairly active, the sales aggregating 720 case3,
396
2,802
2,502
1,206
1,121
3,489
Bavannah....
4,961
8,274
2,662
4,885
3,698
1,569
including 500 cases 1883 crop, Pennsylvania, 8@ 14c.; 100 cases
629
796
2,498
3,677
5,181
1,936
1883 crop, New England, 10@15c.; 20 cases 1882 crop, Ohio, ChaiTst’n, &c
655
618
101
626
401
487
Wilm’gt’n, &c
private terms; 100 cases 1883 crop, Wisconsin Havana, private Norfolk, &o..
2,216
2,635
6,212
8,863
10,057
5,056
terms ; also, 400 bales Havana, 68c.@$l 15 and 200 bales Su¬ All others....
11,386
9,277
5,668
14,310
5,407'
17,149
matra, $1 10@$1 60.
Tot. this w’k.
33,229
21,803
30,113
72,935
66,579
38,910*
The speculation in crude petroleum certificates has been dull
Since Sept. 1. 4601.095 4649,774 5486,138 4368,336 5542,901 4571,295'
and prices have further declined, under the increased flow of
Galveston includes Indianola; Charleston includes Port Royal, &C.Y
wells and the unfavorable foreign advices, checking the export Wilmingtonincludes Moreliead City, &c.; Norfolk includes West Point,&0;
The exports for the week ending this evening reach a total
demand. The close to-day was at 78c.
Crude in barrels
of 58,178 bales, of which 32,245 were to Great Britain, 8,068
quoted at 7c®7^c.; refined in barrels for export, 7%@7JqC., to France and
16,865 to the rest of the Continent, while the
and in cases, 8}.£@ 10>£c.; naphtha, 6}4c.
Naval stores have Btocks as made up this
evening are now 625,539 bales. Below
been depressed; 100 bbls. spirits turpentine sold to-day for are the exports for the week and since
September 1, 1884.
April delivery at 30c., and strained rosin is quoted at $1 15@
Week Ending April 10.
From Sept. 1,1884, to Apr. 10,1885.
$1 17%. Hops are steadier, with some speculative feeling.
Exported to—
Exported to—
Metals have continued to show very little speculative in¬
Great
Great
Conti¬ Total
Conti¬
from—
Total.
Brit'n. France nent.
Week. Britain. France
nent.
terest.
At to-day’s exchange pig iron certificates were quiet
7,470
63.198
148,939
219,607
and steady at $15/78@$16^s bid; $16%@$16% asked.
Tin Galveston
New Orleans.. 14,221
7,893 10,592 33,009 631,370 272,141 301,359 1,204,870
steady at five points decline, closing firmer at 17,45c.@17,70c. Mobile
700
43,130
43,830
3,585
spot; 17^c.@17*40c. futures; 16 tons Aust., April, sold at 17*30c. Florida
3,585
Savannah
178,375 11,699
109,250 389,330
Tin plate neglected. Copper stronger at lO'GOc^lO’SOc.
Lead Charleston*...
163,087 22,259
132,065 338,031
steady at
domestic. Spelter steady at 4>^@4,32^c* Wilmington...
51,197
14,040
65,237
...
.
••••••
......
..
domestic.
Ocean
freights have been doing better, an impulse to grain
shipments arising from the war news, and 4^d. was paid to
Liverpool to-day, and recent charters are from Baltimore to
Cork for orders at 4s. Petroleum charters are dull, with room
plenty; recent btisihess includes crud& hence, to,Marseilles,
2s. 4}£d.
4
...
......
......
Norfolk*
New York
Boston
Baltimore...
.
Phlladelp’a.&c
,
10,650
3,760
2,703
1,906
175
308,626
6,375
25,670
340,671
5,014
15,839
360,144
83’l98
132,799
526.141
29
3,789
930
3,035
102,286
112,192
52,494
3,050
33,431
102,733
153,678
57,306
1.906
Total
33,215
8,065 16,865
Total *888-84
*7.3*5
l4v»68 16,417
’
mouides exports irom Fort
4,812
58,178 2,155,425 356.192
933,377 3,444,994
4*.970|2,131.484
843.552 3.413.727
Rbyal, icc'.'
438.691
\t\it
to-night also give
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
above exports, our telegrams
In addition to
liS*
8J
ArRIL 10
AT—
Great
Hi ilain.
New Orleans....
Mobile
Charleston
Savannah
Galveston
Norfolk
New York
Other ports
France.
Coast¬
wise.
:
6,406
8,181
2.641
25,684
None.
None.
None.
None.
5('0
None.
800
17.625
7 241
None.
1,400
2,900
6.863
15,285
6
1,021
4.721
None.
None.
1,860
4,000
11,573
5,965
34 6,4 61
26,473
5,568
46,828
578,711
6,701
51.705
145.936
579,810
623,634
None.
None.
None.
8,241
6.406
26.613
22,4 57
8M22
None.
None.
60
None.
None.
12,578
10.421
9.969
41.248
13.145
:
:
2
rrj
2 ft
p®rs
M^M®
Sat.
J
;
Ordin’y .$tt>
Strict Ord..
Good Ord..
.
Str. G’d Ord
Low Midd’g
Str.L’w Mid
C5
5c
Middling...
Good Mid
Str. G’d Mid
Moil Tues
815,6
S'ha
,
J
J
Midd’g Fair
Fair
Wed
•
9k
107, o
1013 j ft
101316
Ilk
ilk
115,6 like
1 ike like
O
K
115b
1113,6 11 13jft
123,h 123,6
1213,,. 1213^6
Ilk
•
•
•
a
12»,«
93,6
10~,6
cS
like Ilkfl
inks 11*516
129,6
9k
■
113s
1138
.
i
10316 10316
109,6
10 7g
1078
like like
like 113,6
Sat.
*+
P
I ^7
© I
O I
•
Tli.
Tit. | Frl. ,Wed
Frl.
a
a
a
fcA
*3
93,6
9k
8“7
<1
CO
®
©• to to
^
f
m
|
,
Q |
—
;
1 &0o:
MM'j (-*
1 -3 20,50
(>►
<
m
M
rj.
77
®
^
gs s
M
O* *—*
MOM
c
Mo
0
O
K-*
O
O
rto
to
tc to
O' M
D' C0
1—>
>.
<
®
“
-
®
C. <J
O*
M-
>
77
<1
c ©
^
c
CO co
1C to
to
iP
M 1—
%
MM
6©
1 ft ■c-:
®
M
1U,6
like like
1 1 o,6
O
H
•
a
Wed
1 1 5r
Ilk
815,6
313,6'
Si»ie
Sat.
STAINED.
$ lb.
Good Ordinary
Btrict Good Ordinary
Low
93i6
Holi¬
day.
Middling
i
1113,6 11*3,6
123,6
1213,6 1213,6
Th.
Frl.
91,6
she
I Moil
Tues Wed
8»16
8916
89,6
9k
10k«
9*4
101,6
9k
101,6
Middling
O
O
7 07
Od
Th.
ro
©
*
MOO
©
0
i
©
1 ftMj
c©
<)
99
®
O’ M
<4
®
© ©
81
^
M 1—* ^
M
99
M M
®
M
*-
m
<
®
M CO
81
®
81
CX
81
co
mo;
M
M
M
tO
M CO
M
©c ©
*-‘01
M
►
77
c
9
Oi O'
M CO
M
©
to
O’
1
,
v|o
©
©
©
-4
91
®
O’
8<
:
ft
M M
©Co-
t* O'
CO CO
ft; :
O OT
to
M
c
91
O'
81
O
1
M
^
®
1
.
1 ft
O' O’
CD©
•
to
©
d> ©
CM
M
<
9
®
Oi
81
05
*
O’
©
M
1
1
:
ZD •
•
8?
Si
p
-4
Septmbr.
’S'
2
s
b
2
:
CC©©
O' di © o*
Cv- CO
M
M
[>
91
O’
?
1
®
©
1 ft
*-i
:
k
s
pft
ft
©o o©
©
d *©
M©
X
3
MMftM
&
1
•
<
®
tOM
d'di
<
O?
ft: :
M
©
01
*
1
99
1 ft
•
M-OtH
C © O ©
©
:
8*
ft
h»
MmcaJM
© © O ©
|;
o'l '
1
-J
I
81
:
7 7
©CO
01
0
mmj —
M M
1
1 8-:
di O’ © dt
O
®
1 ft
®
<
©
%
<
99
©
©9
O'O’
to M
81
^
© © O
IO
MO*
%
to*-*
<
®
tO
M
99
il»
—
99
tq
CO©©
kk©k
CO
M M
M
tj»
:
© M
>
M
Ml
©
M
0 c 0
M—
ei.
<
©©
MM
§£
®
© o<
to
M CO
M CO M
©
COCO
p,
ft
-
0* o»
CO
7’
HhCh
X©
©©
m
ft
m'cm
77 o7
M
©
O’M
CC ©
CO
M 0’
© ©
m;
0* di © d«
O’ O'
M 0
d*
ft
*»
OO©©
Of*.
©
j©k
-JC0
| ftMj
:
1 ft
*OI —*
1
MM^v-*
©0
M CO
81
1 ft
99 c©
L>
®
-IO*
©
9
a -j
^
MM
91
©1
M
M —*
p»
MM
81
:
M
<1
-v.
M-
r-*
-
s
OC to
◄
®
©
k
M
0M
rj.
©<i
<
Mm
99
M M ^1 -*
©©<od
^
MM
M
MM
COO©
M M'm m
100
1 w
O©
1
14- 15 'SlI .1-15
M
I ft m;
:
Aver
©tO
©C o©
*—
O
81
©OoO
M M ©M
1 ft
°Jo
©
0
© ©
M
M m
M
OO
A
jj.
<
®
0 di
CO©
| ft k“1'
M M
—
to
o*
MM
CD
©
Frl.
87,6
8ke
9k
9k
915,6
10*1,6 1011,6 109,6
<
®
M
O'
**
M
7
*N
MM
M — ^
X
—
July.
1 fto;:
>
©
<•
**
co a
O* O'
iC. O CO
®
7
M
rh
-j m
M
ft m*:
81
^
O
81
®
M M
*L O'
<
%
COW
CD Ci
77
1 ft co:
O"-*
0
r-
MM
<
M
**
^1©
0
M if*
to
®
O
m
x©
© m
cx
M
£»•
®
9c
3,0 0
43 . 1 *39
77
O
1 ft co:
m h2 m
7 mc 7
11
—*
©O’
M
1*36®
3
99
M
Aver
f—
<
®
r-
tom
r—
M
:
tv CO
CO
Mrfu —
>
1 ft
ccwOw
M
M y-
-1
®
OM
Mf-0M
M
7 8^ ©
*>
77*
M
*—
—*
M
•
MM
1
w;
C
—
M
CD
-
MX^*^
M M
99
q -J
© © O ©
d © 0 <01
tOM
CD
2 o*
**
MM
99
CD
to w
4
M
Ca
®
>
M
0
<1
(fc.
©©
M
IIS
77
Mi-*
CD
8*
1 ft M'
s
123,e
9116
9ke
931 e
9k
9k
9k
9k
9k I 9k : 9k i 9k
Strict Ora..
9k
I
05,6
105,fi
105,6
107,6
105,6
107.6
10il6
Good Ord.. 103,e 19*16
1011,6 10131f 1011,6 10H1Q
Str. G’d Ord 10»i« ilORg 10*16 1013.6 ion,.
II
11
11
ilk
11
103,
ilk
\10\
Low Midd’g 10k
I 015,6' 1 01 ° l q 11516 like like like 113,6 like
Str.L’w Mid; 111
11° 16 like like 11 °18
Middling... il 13,6 like 1H,6 like like
1 Ik
ilk
Ilk
Ilk
Ilk
ilk
Good Mid..!lias
| ilk | Ilk
1111,6 1113,6 1111,6 1111,6
Str. G’d Mid ll9,., II he like i U1316 lHkh
12l1G 123,6 12kfi 12ke
Midd’g Fair 1115,,. 111S16 Ui3ie 12-k6 12l,fi
1211,6 121*16
Fair
129]6 12k « 127,6 I 1213.6 12U16 1211,6 1213,6
•Ordin’y.$lb
O
>
M M
© ©
d*
00
0
MM
i
H-Ih
M-"*WM
7707
C©Co
0
~i
1-36 7
M
2*
M
n
ew:
1
M
CC CD r-i
Q
*- W
M
«co:
7 |
to
OJ
**
®
O 'J'
I
MM'W-
! ft'-a.’
M1-* (ji M
MMqM
cbcoOco
®
MM
CC CC
0* -1
M-ijO^
MMqM
^
CC CO
1
to to
CO to
tow
M r—
M7^7
4
co to
MM
m
to
MM
| ft M‘
MM'kjM
1 -12 10,40
M
X
coco
GD
w
M M q
CD O
77
o<
.
tc co
MM
0
1
M —
to
1
x
^
M 1—
^
tc tc
ftw:
*-
M —* Q,
m
tC)
ex cd
to <0
I
95s
ilk
-J
M
MM
x m
*
\
M
—*
73 , *)
<
M ■—1 O
■-*
M
to
M M
|^
*7-7
I
107,6 107,e
1013,6 10’3,b
ilk
MM
*-*
>—•
tO
—
o
**J
o
tc to
tt
M 3
-i
^M OM
tv tO 7 10
%
l
M
a>
^ x:
CO to
cdoom'7*
>
®
to *—*
^
*-j >-j
<
M
M
i—1
MM
ftx:
>
Mi-*
K O
i—
c6«6
I
267.90
CD
O CD
—*
I
.
93,6
6 ©6
m
CD
-M*WM
o
•
— CD *•*
MM-;*-*
MM© M
©
co o
o
o
i ftp:
66-6
-l
►-©
'.
?• a
M
M
M M
m m c
I—*
•O
81
:
i &
C©6
-1 -I
UK
t7MW©
•
®
M JO
MM ©M
C
o
o*
£
6 6
2
l §>-*:
c:
•
i
>
MO
TEXAS
i
93,6
•
93b
93a
Mon Tues
Sat.
m
K)
MM
the past week.
Moil Tues.
*B
rs
life:
f1
—coo
©
®§Cp
2
CO©
-J
a. to
CO-J
P
goP
•
■
O
-5
-4
CD D
X
UPLANDS.
•
o
<
•
M
£ octof
M? *03
8
*< >-,0 *-*
—
April 4 to
April 10.
3
a:
M©
c
X
to
*
NEW ORLEANS.
—
^!
•
i
^
£$>
P*
S&3
:
® •
on
1
:
—
:
•
P
^
p:
There was no
^ach day of
s-
'
:
oo
were
g
•
«
CO©'
important feature to the speculation in cotton
for future delivery at this market until yesterday. The re¬
opening of the market on Monday (to which day business had
been adjourned on the previous Thursday), was dull at droop¬
ing figures. A small advance on Tuesday morning was more
than lost at the close, and there was a dull, somewhat irregu¬
lar market on Wednesday, the next crop making a show of
strength without activity. But yesterday morning the reports
of actual hostilities between Russian and British forces in
Afghanistan, accompanied by a sharp decline in consols,
caused this market for cotton futures to open in a sort of semi¬
panic, under the influence of which prices broke down to an
extent that must be considered, in connection with 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 improve¬
ment, and our market was slightly dearer, but dull.
Cotton
the spot was dull and nominally unchanged until yesterday?
when quotations were reduced }&c.
To-day the market was
quiet and unchanged at 11 l-16c. for middling uplands.
The total sales for forward delivery for the wTeekare 255,900
bales. For immediate delivery the total sales foot up this week
864' bales, including 100 for export, 764 for consumption,
for speculation and — in transit.
Of the above, — bales
The following are the official quotations for
to arrive.
O ®
c ® a
0D
p® ® p
g
Is?
so
.
®,
® ®
at
5*®
od *•
B
o,
0Q'Z
i
: S£>
Bg.® £
-
HLCv
•
8,456
None.
None.
C a 3d 7*
P no -
Stock.
Total.
None.
300
6.857
3,700
1,800
4,000
Total 1884
Total 1883
Other
Foreign
od
Leaving
g.
oa£.g
©HSL*
A
9>CO
0D
g
it ml
95
§3|l
oieaa ® g.
148.088
1,5(0
Total 1885.
oTjwa
Shipboard, not cleared-for
found the
day, and
daily market, the prices of sales for each month each
the closing: bids, in addition to the daily and total sales.
89 Broad Street.
On
In the statement will be
comprehensive table.
ing
shown by the follow¬
Prices of Futures are
Tiie Sales and
us
& Lambert,
[y ol. xl,
CHRONICLE.
THE
456
:
:
I
I I
9*5,6
MARKET AND SALES.
deliveries each day during the
week are indicated in the following statement. For the con¬
venience of the reader we also add a column which shows at a
glance how the market closed on same days.
The total
d :
sales and future
;
1 ft: :
:
1
;
1 ll:
.
1
1
:
1!
1 ©: :
1 1
i
1 ®: :
1
li
September, 158,200; Septem¬
September-November, for November,
582,200; September-December, for December. 967,800; SepteraberJanuary, for January, 2,114,100; September-February, for February,
FUTURES.
SALES OF SPOT AND TRANSIT.
1,959,200; Septembor-March, for March, 2,294,100.
Deliv¬
SrOT MARKET
Tran¬
Ex¬
|3P* We have included in the above table, and shall continue each
Con-1
SpeoSales.
Total.
CLOSED.
eries.
week to give, the average price of futures each day for each month. It
port. sump| uVVn sit.
will be found under each day following the abbreviation “ Aver. * The
i
I.Holi day..
average for each month for the week is also given at bottom of table.
'-Sat..
300
Transferable Orders—Saturday,
e.; Monday, llT5c.; Tuesday,
400 38,300
100
300,
Mon
Quiet
200
238 36,200
ll*15c.; Wednesday, 11‘lOe.; Thursday, lV05o.; Friday, ll‘10o.
238!
Tues. Steady
300
53 29.700
Short Notices for April—Monday, il‘09®ll'12c.; Tuesday, 11T03
53,
Dull and caRy
Wed
11 -15c.; Wednesday,ll*07c.
82 100,300 1,300
.
~
82
Thurs Dull at k dec....
91
51,400 1,200
31
The following exchanges have been made during the week:
Fri.
i
""
Quiet
200 Nov. for Dec. even.
I *10 pd. to exch. 100 April s. n. for
864 255,500 3,300 •Oi pd. to exch. 100 Nov. for Dee.
100
7641
Total.
| May.
•18 pd. to exch. 500 April for June. I *11 pd. to exch. 500 May for June.
The daily deliveries given above are actually delivered the day
•15 pd. to exch. 200 June for Aug. |
.previous to that on which they are reported.
....
.
.
...
....
....
....
....
....
....
*
•
•
•
....
....
.
....
....
*
Includes sales in
ber October, lor
September, 1884, for
October, 421,800;
April
CHRONICLE.
THE
11, 1885.]
bales more than at the same period last year.
The receipts at
the same towns have been 15,022 bales" less than tiie same
week last year, and since September 1 the receipts at all the
The Visible Supply of Cotton to-night, as made up by cable
and telegraph, is as follows. The Continental stocks, as well as
those for Great Britain and the afloat, are this week’s returns,
and consequently all the European figures are brought dowr
1SS3.
1884.
1885.
bales.1,025.000 1,049,000
1882.
day of the past week.
01.400
62,200
.1,002,000 1,119,000 2,056,400
035,20J
CLOSING QUOTATIONS FOR MIDDLING
VTeek
Total Great Britain stock
Stock at Hamburg
3,8o0
3,700
6,000
53,300
49,000
400
ending
April 10.
2,000
70,200
40,200
25,400
53,000
1,000
30,090
2,400
13,800
254
Stock at Bremen
Stock at Amsterdam
Stock at Rotterdam
Stock at Antwerp
Stock at Havre
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
134,000
5,000
84,000
7,000
5,OoO
21b,000
4,000
60,000
10,000
5,000
139,OoO
6,100
66,000
9.700
7,4 ;0
1C5,0o0
Total Continental stocks
394,600
426,200
305,700
202,438
Total European stocks
1,456,600
India cotton afloat for Europe. 175,000
Amer’n cott’n afloat for Eur’pe 221,000
Galveston
New Orleans.
Mobile
Savannah.
Charleston.
301,000
532,000
279,000
294,000
1.900
3,110
36.000
6,500
.
Wilmington..
Norfolk
42,000
32,000
98,766
21,000
15,000
18,000
28,Oou
214,632
17^,183
2,634,998 2,905,431 3,232,302 2,941,562
descriptions are as follows1
Total visible supply
Of the above, the totals of American and other
American—
782,000
322,000
294,000
797,000
237,000
221.000
625,539
119,859
bales
Liverpool stock
Continental stocks
American afloat for Europe...
United States stock
United States interior stocks..
United States exports to-day..
730,000
203,000
53 2,009
631,515
769,570
214,632
18,000
98,766
15,000
21,000
571,000
110,000
405,000
724.741
178,183
28,000
2 ,071,398 2,143,281 2,467,202 2,016,921
Total American
Liverpool stock
London stock
Continental stocks
India afloat for Europe
265,000
61,400
102,700
304,000
32,000
267,000
228,000
37,000
107,600
175,000
70,000
104,200
279,000
16,000
42,000
Egypt, Brazil, <tec., afloat
302,006
62,290
92,438
417,000
51,000
2 .634,998 2,905,481 3,232,302 2,941.562
6d.
5«8d.
63K,d.
CHied.
Total visible supply
Price Mid. Upl., Liverpool
into Continental ports this week have been
30,000 bales.
indicate a decrease in the cotton in sight
to-night of 270,483 bales as compared with the same date of
1881, a decrease of 597,304 bales as compared with the corres¬
ponding date of 1883 and a decrease of 306,504 bales as
The above figures
compared with 1882.
At the Interior Towns the movement—that
for the week and since Sept. 1, the shipments for
is the receipts
the week, and
to-night, and the same items for the corresponding
period of 1883-84—is set out in detail in the following statement:
the stocks
Total,
Houstn, Louisvle, Petrsbug, Raleigh, Newbry,
all
12,021 2,635
12,537.90
•
P
ao
©
S.
C.
St.
Total,
old
towns.
W
O
©
Mo N.
C.
©
COM
w
OOMIO)
ao
©
Shrevpot,
Montgra’y,Al.
M
to
MtO
© on to ©
© © to M 05
© © © -1 to to O' CO -4 M
.
M
MtU
©MtO
X X M © M rfk CO
X M 4* © © IO CO ©
wek. This
Recipts. Movemnt
>—
©
CO
© to © m
to >—*
©wic©^©©
© © ©
roV>
©
©o-i©«*- #k©
or. 05 M to rfk © W
M
to to
CO
©
CO©
~
4*
M
(MCO,-<JC04--44*
M
1 CO a: cr.
©
M 4- to © ©
•jCt0X©©©X-,4.©^10'©XXCnX
^
VAl-1 ©1*4
M
©
4-
to ©-1 © X-4 ©
X © CO J to X
C C/'O'i—*XCn-4©©CCJ'C0rf*C0W©tv.
© M © © X © 4- CO 4- CO M
to CO 4*
to -4
24,584
tfkrfk
"to
to
X
i-*S
to
ao»
4k
£
3,529 2.318
651 175 18 283 84
0
M
to
ao
©
Ga Ga
Ga
wy
h
-otoocDOoao
© © 4- m
x
to
ao
Cincat, Charlote,
Ohio.
DPalestin, als, Nashvile, Memphis, Selma. Macon, Augsta,
Columbs, Vicksburg, Texas. Ala Ga Columbs, Ga Towns.
Ala
Mis. Mis. La. Texas. Ten. Ten. Ga.
Rome, Atlan, Gritn, Eufal,
Louis,
_
#1.
9,047
M
©4^-4 4*
•
O' tO -4 ©
1
©4-©©lOtO>—*CO©4-4^«
©
V oi#-oi it* ©
"ao
© 00 4-<1X CO CO <1
©
OD
to© tO tO *-* M X
(UX>-©©©M
© CO
© © CO <J
jfN.
^*1
MW
m m x © x © W
U © M © r- © M
;
© 4k to MX
M tO -1 <150
fcO
©05
to
to to to co m oo ©
©X©<IO4*~t0©©;
M<lM4*MMXC0
©
M;
©
tO©©XO©©©lOM.
to
M
wek. This
J?
© 4* X CO CO ©CO
O'X 10-4^1 MtO CO
10,
185.
|-a
©;
m >-«
*§•
April
M
W
1091B
1078
109l6
U*4
11*4
10^
104i
1058
•
•
•
•
1058
.
1078
114
llllA®^
l05q
104i
10 4
10^
ll>fl
llhrt
111,8
1138
1138
113a
10^8
10^j
105s
10^9
lOLj
10*3, g
10^
104i
105a
Receipts at the Ports. St'kat Interior
Week
Ending—
_
O'
.-CO
©
ao 7- to m
W tO M ^4 © © ©
©
©
VoOiMCS
(-‘©©-44-0©
x
©
4- ©
10 MX 4k
to to to CO
©©t0©M-»x©©XMC0<l-O©©C0^JX
©©tOM©X4*M©X4kX-4©©4^X©CO
wek. This
“
10 4
1038
1041
105*
104»
105a
0....
“
13....
“
20....
“
27....
Mch. 6....
“
13....
“
20....
“
27....
April 3..
“
|
1884.
1885.
1883.
Towns} Rec'pts.from PlanVns.
| 1884. | 1885. j
.
10...
1883. ,
93,911 350,749 330,900 298,080 119,182
171,310 112,110 75,295 347,523 299,754 280,872 108,090
105,808 111,431 89.7S5 343.584 282,475 271,790 161,929
146,130 105,021 68,021 326,796 268,009 256,045 129.342
129,070
134,443 65,013 54,324 321,424 25-1,450
135,3211 70,487 50,312 308,417 227,265 210,482 122,314
124,820 68.720 50,806 304,621 205,477! 199,170 121,030
Ul,88lj 49,870 42,581 207,173 184,414:181,132 103.733
42,035 32,885 279,946 100,80(s) 170,155 87,835
80,090 52,884 23,810 266,971 141,230 158,1751 74,024
78,70S 37.091 28,111 257,152 125,394 144,995 os.a^o
55,244
72,935! 30,113 21,808
130,400 104.533
30....
Feb.
1883.
234.231!
105,0021
239.4011110,0081128,903
|
1884.
1885.
74.718; 87,132
80,961: 58,087
94,202 8C.703
91,515!
52,876
51,394; 82,510
49,3021 82,503
40,932 39,503
28,813 24,534
19,030; 21,908
33,311
10,830
21,249*
14,934
14,787:
5,710
The above statement shows—1. That the total receipts from
the plantations since September 1, 1884, were 4,712,786
in 1883-84 were 4,710,686 bales; in 1882-83 were 5,709,114 bales.
bales;
2.—That, although the receipts at the outports the past week
21.808 bales, the actual movement from plantations wa9
5,716 bales, the balance being taken from the stocks at
the interior towns.
Last year the receipts from the plantations
for the same week were 14,787 bales and for 1883 they were
55,244 bales.
Amount of Cotton in Sight 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 as to give
substantially the amount of cotton now in sight.
were
1884-85.
1883-84.
1882-83.
| 1831-82.
Receipts at the ports to Apr. 10 4,601,095 4,649,774 5,486,138 4,363,336
interior stocks on April 10 in
222,976
111,691
60,912
156,322
excess of September 1
Tot. receipts from planta’tns
Net overland to April 1
Southern consumpt’n
Total in
Northern
to Apr. 1
sight April 10
spinners’ takings to
April 10
4,712,786 4,710,686 5,709,114 4.524,658
556,182
572,324
394,473
6*6,328
217,000
236,000
24 0.00U
190,000
5,485,958 5,473,014 6,521,438 5,109,131
1,182,212
1,336,545| 1,479,212
1,332,101
It will bo seen by the above that the increase in amount
as compared with last year, is 12,954 bales, the
from 1882t3 is 1,035,470 bales, and the increase over 1881-2 is
bales.
to-night,
©
1
28,389 3, 81
1012
Receipts from the Plantations.—The following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the outports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks.
We reach,
therefore, a safer conclusion through a comparative statement
like the following.
In reply to frequent inquiries we will add
that these figures, of course, do not include overland receipts
or Southern consumption; they are simply a statement of the
weekly movement from the plantations of that part of the crop
which finally reaches the market througli the outports.
Jan. 23—
762,200
765,100
924,638
563,600
2,,071,393 2,143,281 2,467,202 2,016,924
Total East India, &c
Total American
Total, Bren Litle
new ham, Rock, N.
towns Texas. Texas Ark. Ky. Va. C—
10-L,
105h
1034
10 Lj
10^4
11 x4
RECEIPTS FROM PLANTATIONS.
East Indian, Brazil, dLc.—
jggr The imports
105a
10»8
103la
10 78
10%*%
...
1058
10^16
10L}
10Lj
Fri.
urs.
109,0
10L2
1138
10^8 8>\
10^
lOLj
10 34
1058
T/i
ON—
1058
1034
l 1 3g
COTTON
105g
10^
llllsS'S
St. Louis
Cincinnati...
Louisville
119,859
United States exports to-day..
105g
1058
\0\
10\
1138
....
51.000
10^8
105a
Wed n cs.
1034
\0\
11H
Philadelphia.
Augusta
Memphis
724,741
Tues.
10
Baltimore
417,000
405,000
Mon.
I0*i
1041
....
Boston
3,474
769,570
625,531)
10 ^
10 Lj
..
631,515
Stock in United States ports ..
Stock in U. 8. interior towns..
Salur.
...
1,545,200 1,362,100 1,137,638
16,000
Egypt,Brazil,Ac.,atlt for E’r’pe
l.loO
1,300
vh)0
time in 1883-8-'*
Quotations for Middling Cotton at Other Markets.—-
873,090
70,000
same
In the table below we give the closing quotations of middling
cotton at Southern and other principal cotton markets for each
095,000
37,000
180,118 bales less than for the
towns are
Thursday evening. But to make the totals the complete
figures for to-night (April 10), we add the item of exports from
the United States, including in it the exports of Friday only.
to
Stock at Liverpool
stock at London
457
Weather Reports by
in sight
decrea>e
376,837
Telegraph.—The weather has
con¬
generally favorable for planting operations during the
South, and good progress is being made. The
to
to to
M
M
(tk
M
Cj
©X4k^J.<kKjCOCOtO©
4k 4k to a © © <1 to
temperature has been slightly cool for the season.
© © x 4“ 4* <q—<1 © © to© 4k ©©©
Galveston Texas.—It has been showery on one day of the
©©
hVo
CO©©M
<KO
05
©
Vox©©
to
C
MMC0©©O'X-4©WM4-©©MC0t0r-©
©tO©©4k©X©XK)©XtJ<l©©©M©
83.
week, the rainfall reaching two hundredths of an inch; The
03
thermometer has ranged from 62 to 77, averaging 69.
>
4^
S
M©
©
M
MM £ s
tO_©
=»*
Indianola, Texas— We have had light showers on three
Lt-0 4k© CO©
% W©<> "tO CC ©©
3 1,
CO
to © CO <! 4k 4k © © M M CO © CO -• © -1 ©
4'4'tO©CCtO©©©©4-©-s|XCO©4-4kM
M
©
X tO -4 ©
days of the week, the rainfall reaching fifteen hundredths of
sr
an inch.
Young crops are coming up well. The thermome¬
r1
©
M MtO;
tOX
©
ter has averaged 73, ranging from 60 to 82.
W© 4*. Com CO©
1.1
©X —4
<1©XM‘ M^-I ©Vj xio ©00
Hr?
©
©MOM©MX-10©; CO©X©4-M-4X
Palestine, Texas.—It has rained on three days of the week,
to <1 © to © © -4 © © -0
© to © © © X © ©
<)0 21
100
the rainfall reaching one inch and eighty-seven hundredths.
This year’s figures estimated.
The above totals show that the old interior stocks have Corn is growing and cotton planting is making good progress,
decreased during the week 15,198 bales, and are to-night 21,093 Average thermometer 04, highest 79 and lowest 00,
to
4-
00
ao
1
43.715
67 ,16 50,354 25,390 49,6 2 31,794 16,27 32,14 15, 50 2,04792
00 M
X
M
C5
(—
CO
m
©
ao
Recipts. Movemnt
April
»-•
to
©
Sept.l,' Since
»—
to
1 ,302 2,41 1,413 4,170 2.087 98,76
*
©
©
CD 4k
•
184.
tinued
week at the
45S
THE CHRONICLE.
New Orleans, Louisiana.—We have had rain on one
day,
the rainfall rraching thirty-eight hundredths of an inch. The
thermometer lias averaged 67.
inch.
an
[Vol. XL.
The thermometer has averaged 60, the
highest being
76 and the lowest 36.
The
following statement we have also received by telegraph,
Shreveport, Louisiana.—Telegram not received.
showing the height of the rivers at the points named at 3 o’clock
Vicksburg, Mississippi.—Telegram not received.
April 9, 1885, and April 10, 1884.
Meridian, Mississippi.—It has rained on three days of the
week.
The weather has been too cold for the
Apr. 9, ’85.
season.
Columbus, Mississippi.—The weather has been cool, with
on two
days. The rainfali reached one inch and seven¬
teen hun Jredths. Planting is progressing well.
Leland, Mississippi.—We have had rain on three days of
the week, the rainfall reaching one inch and
fiftyrfour hun¬
dredths. The thermometer has averageed 60T, the
highest
being 84 and the lowest 39.
Lit'le Rock, Arkansas.—The weather has been fair to
cloudy on two days of the week, with rain, the rainfall reach¬
ing sixty-five hundredths of an inch. The weather keeps too
ccol 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 rain¬
fall reached eighty-six hundredths of an inch.
Average ther¬
mometer 55, highest 74 and lowest 37.
Memphis, Tennessee.—There have been light rains on five
days of the week, 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.
Nashoille, Tennessee.—We have had rain on three days of
tlie week, the rainfall reaching one inch and
eighty-eight
hundredths. Average thermometer 51, highest 73, lowest 36.
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.
Selma, 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
Njw Orleans
alrtiL>phi3
rain
Feet.
4
....
Nashville
18
12
Siireveport.
71ok8bur^
19
23
Apr. 10, ’84.
Inch.
Feet.
Inch.
4
2
1
1
S3
9
7
1
6
9
17
46
7
6
1
New Orleans reported below
high-water mark of 1871 until
3ept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 16, 1874,
which is 6-10ths of a foot
above 1871.
or
re-arranged
our
16 feet above low-water mark at that point.
India Cotton Movement from all Ports. — We have
India service
detailed and at the
to make
so as
time
same
more
our
reports
more
We had found
accurate.
it
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
keeps the totals correct. We first give the Bombay statement
for the week and year, bringing the figures down to
April 9.
BOMBAY RECEIPTS AND SHIPMENTS FOR FOUR YEARS.
Shipments this weekTear
Great Conti¬
BriVn. nent.
Total.
Shipment* since Jan. 1.
Great
Britain
Oontine7it.
Receipts.
This
Week.
Total.
1885 14,0- 0 15.000 20,000 81,000 197,000
1334 26,000 16.000)72,00O 234,000 231,000
1383 4 2,000 9,000 3 l.OoOi 107,000 3>6,000
1882 41,000 8,000;49,000 416,000 228,000
Since
Jan. I,
273,000 35,000
410,000
607,000
82s,000
830,000
518,000 60.000
553,000 < 6 000
644,000 75 000
According to the foregoing, Bombay appears to show a
decrease compared with last year in the week’s
receipts of
31,000 bales, and a decrease in shipments of 43,000 bales, and
the shipments since January 1 show a decrease of
240,000 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,
Tuticorin, Kurrachee and Coconada.
38 to 74.
Shipments for the week.
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
Great
Britain.
Calcutta—
1885
1884
Madras—
1885
1884
All others—
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.
Conti¬
nent.
5 800
200
Shipments since January 1.
Great
Total.
Britain.
Continent.
Total.
6,000
10,000
36.030
9,030
10,000
69,000
45,000
25,000
94,000
1,000
l,t00
10.500
4,030
1885
1884
4,000
10.500
15.500
6,500
13.500
3.0 jO
22,000
16.500
Macon, Georgia.—We have had light rain on one day of
Total allThe thermometer has averaged 62, the
highest
1385
200
5,800
15.500
6,000
55,500
71.000
1384
being 78 and the lowest 40.
11,000
11,000
28,000
91,000
121,000
Columbus, Georgia.—It has rained on one day of the week,
The above totals for the week show that the movement from
the rainfall reaching ninety-3ix hundredths of an inch.
The the ports other than
Bombay is 5,000 bales less than same
thermometer has ranged from 40 to 74, averaging 60.
week last year. For the whole of India, therefore, the total
Savannah, Georgia.—We have had rain' on two days and shipments since January 1, 1885, and for the corresponding
the rest of the week has been pleasant. The rainfall reached periods of the two previous years, are as follows:
EXPORTS TO EUROPE FROM ALL INDIA.
thirty-one hundredths of an inch. The thermometer lias aver¬
aged 63, ranging from 44 to 76.
1885.
1884.
1883.
Shipments
Augusta, Georgia.—The weather has been pleasant during
to alt Europe
This
Since
This
Since
This
Since
from—
week.
the week, with light rain on three days, the rainfall
Jan. 1.
week.
Jan. 1.
week.
Jan. 1.
reaching
forty-six hundredths of an inch. Conditions favorable and Bombay
to
72.000
518.000 31,000
553,000
All other ports.
CO co c 278,000
71.0J0
11,000
121,000
1,200
71,700
cotton planting makes good progress.
Average thermometer
Total
35,000
349,000 83,000
54, highest 81, lowest 38.
639,000 32,200i 624,700
Atlanta, Georgia.—We have had rain on two days of the
This last statement affords a very interesting comparison of
week, the rainfall reaching fifty-eight hundredths of an inch.
he total movement for the three years at all India ports.
The thermometer has averaged 55-7, the highest being 77 and
Alexandria Receipts and Shipments.—Through arrange¬
the lowest 38.
ments we have made with Messrs. Davies, Benaclii & Co., of
Charleston, South Carolina.—It has rained on two days of Liverpool and Alexandria, we now receive a weekly cable of
the week, the rainfall reaching nineteen hundredths of an the movements of cotton at Alexandria, Egypt. The following
are the receipts and shipments for the
past week and for the
•Inch. The thermometer has ranged from 46 to 74,
averaging corresponding week of the previous two years.
the week.
j
co o
1
m.
Columbia, South Carolina.—We have had rain
on
Alexandria, Egypt,
two
April 8
days of the week, the rainfall reaching fifty hundredths of an
inch.
The thermometer has averaged 62, ranging from 32
1883-31.
1882-83.
Receipts (cantare*)—
This week....
8ince
to 77.
Sept. 1
11,000
11,460,000
This
week.
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 thermom¬
eter 60*4, highest 80 and lowest 37.
Wilson, North Carolina.—There lias been rain on two days
of the week, tlie rainfall
reaching seventy-five hundredths of
1884-85.
|
5,00(3
2,614.000
Since
This
Since
Sept. 1.
week.
Sept. 1.
6,000
2,225,000
This
week.
Since
Sept. 1.
Exports (bales)—
jL’o
Liverpool
To Continent
Total Europe
*
.
.
a?.
..
A cautar is 98 lbs.
3,000 284.000
6,000 231,000
3,000 115,000
2,000 221,000
1,000 77,000
447,000! 9,000*346,000
3,000 298,000
9,000 163,000,
12,000
t Revised,
This statement show3
that the receipts for the week ending
and the shipments to all Europe
April 8 were 11,000 cantars
rately busy filling tbe jobbing orders that are coming in. Wo
do not hear of any inquiry for large lots, buyers not laying in
stock at the moment.
Prices are steady and sellers are
13.000 bales.
Market.—Our report received from Manchester
to-night states that the market is irregular and unsettled
owing to political affairs, and difficult to quote. We give the
prices for to-day below, and leave previous weeks’ prices for
comparison.
1*84.
1885.
<z878
<? 87s
5
Mch. 6 8q @878
“
13 3 l4 @3*4
5
“
20
27
“
“
5
5
5
55
@3%
*3, @3S4
Apr. 3
10
Mid.
Shirtings.
(1.
4. 8.
Feb. 6 35,^—915^ 5
»
13
—9*»uj 5
“
OotVn
8*4 lbs.
32s Oop.
Twist.
2<> 3*4
27 3'i
9c. for 1^£ lb., 9%c. for 1% lb., lO^c. for 2 lb. and
grades, but on a quantity a shade better
could be done. There has been more demand from manufact¬
urers for butts, and orders show an increase.
Some parcels
for paper grades
have been taken on the basis of
and 2@2%c. for bagging qualities, about 3,000 bales finding
takers; and at the close sellers are quoting these figures for
any fair sized parcel.
quoting
Manchester
“
459
THE CHRONICLE.
11, 1885.1
April
5
5
SH lbs.
Iwisi.
Shirtings.
Upl 8
d.
d.
d.
d.
s.
d
@6 lo 8>
7
7 ft 6 10 *2
6
@6 9 Hj
6 @6 9 b}
6 @6 9
5 @6 9
5
V6 9
@6 10
6
6
10
6 @6 10
6
6
6
618
Ohs
o15ie
6
6
6
O ••t'Ti
32s Cop.
d.
a.
88j @ 9
SH @ 9
8*3 @ 9
*b} ® 9
8hj @ 9
8*2 a 9
8yi«@ 9*q
85* 9 9h
8 3j. Q) p I4
6
7
7
7
7
5
5
5
Mid.
JJpldt
d.
24g
2H
28}
s.
@7
@7
@7
@7
d.
57e
513I6
$lhe
63j@7
2 8j
2 8}
a7
28?
@7
2 8}
578
57r
51»i6
7 b? 97
5 913 37
in tola 37
382
6
4
ei8
4b2
6*
0
5
5
5
7
7
5
5 78
lie. for standard
The Exports of Cotton from New York this week show an
increase, as compared with last week, the total reaching 15,839
bales, against 13,900 bales last week. Below we give our usual
table, showing the exports of cotton from New York, and their
direction, for each of the last four weeks; also the total exports
and directions since September
the total for the same period of
information and statistics
with reference to Mexico’s cotton crop and cotton manufact¬
ures will be found in our editorial columns.
East India Crop.—The Bombay Prices Current of March 6
gave the following:
The receipts show a slight increase this week, bnt are still under
and losing ground as compared with last year. The deficiency in round
figures !•» now 100,000 bales alike in receipts and exports, and alth.m.rh
some people adhere to the belief thar it will be made good before tlie
unexpectedly heavy scale, aud were moreover helped by consider¬
Dharwar and Oumptas. This year, unless up-country
reports are absolutely misleading, the JDkollera and Bhownugger crop
■will not admit of any s-eh unusual arrivals, while the Compta and
Dliarwar yields will be insignificant. We still consider 900.00“ bales
a full estimate of the ^season’s exports, with a probability of the total
proving considerably loss.”
an
able receipts of
Comparative Port Receipts and
March March
26.
19.
April
April
*•
i).
Sept. 1.
12,8921 7,557
13.176 10,4*9 329.712 291,823
Exported to—
|
Liverpool
comparison of the port movement by weeks is not accurate,
as the weeks in different years do not end on the same day of
the month. We 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
named. The movement since
September 1, 1884, and in previous years, has been as follows:
for
the years
Tear Beginning
Monthly
Receipts.
Total to Great Britain 15,427
1
September 1.
Ootober.
974,04-
i.006,501
942.272
996,807 1,020,802
571,701
487,727
572,72291,992
476,58.
257,09?'
956,4 61
429.777
L,090,385 1,046,092
980,534
1,094,697
1,112,536
752,827
595,59482,772
January
February.
475,757
487,729
261,149
March...
163,503
385,933
241,514
.
Total year
853,19.
333,643
838,492
326,656
Rovemb’i 1,122,164 1,030.380
Deoemb’r l,10t,211 1,059,653
i
532.914
647,140
ports this year were
90 89
88-80
89-5S
8640
March 31 the receipts at the
33,231 bales less than in 1883-81 and
782,756 bales less than at the same time in 1832-33. 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:
1883-84.
1881-82.
1882-83.
1880-81
1879-80.
lo|4,480,54 2
Tot.Mr.31 1,562.914 4,595,118 5,345,670 4,290,640 5,073.1
8.
15,516
5.344
6,612
5,050
Apr. 1
5.922
—
8.096
S.
10,903
8.295
8.
6,524
5,770
3....
5,994
5,329
4.556
15,53
4...
1,830
8,873
6,155
12.239
7,501
9,772
23,210
8.
13,597
7,048
13 035
8,237
13,374
15,310
4 022
9,980
6,338
9,512
4,170
13.636
6 243
14.912
5,264
4,717
44
2....
“
“
44
5....
44
6....
44
7....
8.
44
8....
44
9....
3,111
4,99S
2,329
2,415
44
10....
6,625
8.
6,300
*
4.507
8.
3,204
11,300
3.319
18,304
8.
7.387
9,678
8.
150
77
175
33,198
23,295
4, i 1 J
29.071
38,2 2 4
52,932
20,5*8
21.288
4,814 120,227
74,626
2,588
9,981
2,967
2,532
> *\r7 >
5,493
50
350
Hamburg
Other ports
Total to North. Europe
2,160;1
350
451
..i
433
136
200
j
4 ■3
196
200
1
On’rtr* Ollvra.lt'.’r Arc
111 other
Total
350
451
560,
Spain, &o
1
32,750
8.800 13.900 15,*39 52*.141
Grand Total
416,21
The Following are the Gross Receipts of Cotton a
New York, Boston, Pniladelphia and Baltimore for the pas
week, and since September 1. 1884.
Since
This
Since
This
Since
This
Sines
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
week.
Sept. 1.
237.598
211,858
Savannah.
1,259
2,257
1,119
193,353
1,39 J
20,751
So. Carolina..
No. Carodna..
509
115,212
62
Virginia
677
North’n ports
Tennessee,&o
O lO
Foreign
Ol
23.132
191,721
4.600
64,270
5,120
..
|
r\
t
Baltimore
This
6.740
Last year...
t
week.
New Orleans.
This year...
Philadelph’a
BOSTON.
New York.
Receipts
from—
7,190
77
43,570
1,173
12,719!
406
9,534
.
806
8,986
12,504
15,14
881
11,002
5
530
17,5 DC
76,44
31,50
31
......
1,165
67,1071
339
27,785
1,174
09,480
120,632
2,571
42,024
400
800
48,852
...
......
187
|
14,956 1,069.072
10,522 1,005,151
4,335
348,431
8.795
90.345
1,128
190,342
10,255
355.990!
9.7U9
84,640
2.515
194,202
News.—The exports of cotton from the United
past week, as per latest mail returns, have reached
50,218 bales.
So far as the Southern ports are concerned, these
4,601,095 4,643,146 5,453,404 4,346,664 5,186,000 4,537,511
Percentage of total
*
90-72
92-09
88-29
90-60
95-72
port rec’pt8 Apr. 10
This statement shows that
States the
the same exports reported by telegraph, and published in
the Chronicle last Friday.
With regard to New York we
are
include the manifests of all vessels
cleared
up
to Thursday
night of this week.
Total bales.
Liverpool, per steamers Aurania, 543
Brit¬
annic, 2.<)i9
City of Chicago, 1.872 ...City of R >me,
3 45
Hipparchus, 1,060
per ship Marabout, 4,620
To JIu 1, per steamer Chicago, 161
To Havre, per steamer Amei iquc, 175
To Bremen, per sh p Joseph H. Hcammell, 4,414
To Ilamnurg, per steamer Moravia, 50
New York—To
To Antwerp, per steamer Beigenland, 350
To Genoa, per steamer Britannia, 200
New Orphans—To Liverpool, per steamers
Alice, 2,287
Philadelphia—To Lh erpool,
The
50,248
particulars of these shipments,
follows:
arranged in our usual
are as
Bremen Antd. Ham- werp d
Liver¬
the receipts since Sept. 1 up to
to-night are now 42,051 bales less than they were to the same
day of the month in 1884 and 852,309 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, Bagging. &c.—There has been a light call for
bagging since our last report, and the market is only mode¬
50
209
350
3,350
240
1,294
3,975
900
4,869
per steamer British Crown, 2,143
2,148
Total..
form,
10,489
161
175
4,114
0,892
3.000
To Reval, per hark Triacle Tarrafcochia, 3.350
To Vera Cruz, per steamer Estaban <ie Antunano, 240
Mobile—To Liverpool, per bark Gerda, 1,294
Charleston—To Bremen, per steamer Jesmon t, 3,975
Galveston—To Vera Cruz, tier steamer Whitney, 900
Norfolk—To Liverpool, per ship Senator, a ,8^ 9
5,156
Total
28,295
Shipping
94-73
This statement shows that up to
L834-85.
31,611
1,587
609,
1
447,918
264,913
4,595,118 5,345,670 4,2J0,64u 5,075,110 4,480,342
Pero’tage of tot. port
receipts March 31
175
1,000
1879-80.
458,47f
963,31-
343,812
345,445
Sept’mb’1
1880-31.
1881-82
1832-83.
1883-84.
77
1
Bremen
18,148
150
*
397|
Total French
year.
30,132
161
....
previous
7,9 j7 13,176 10,650 360,144 311,971
|
397
Havre
Other French ports
Mobile
1884-85.
3 30
2 f •"> 3 0
Other British ports
8nn1r»
period
Total
since
Daily Crop Movement.
—A
movement
Same
Week ending-
“
end of the season, we do not think it likely, not at all events with such
markets as we are now having. It must not be forgotten that in April
and May last year rlie arrivals of Bliowniiirgcrs ami Dhullei as were on
sept. 1.1884.
Cotton (bales) from New York since
Exports of
j u
Mexico's Cotton Crop.—Some
1, 18S1, and in the last column
the previous year.
pool.
New York.
N. Orleans.
Mobile
3 0.489
Hull. Havre,
175
161
3,350
6,892
10,741
1,2
Vera
burg. Bcva1. Genoa.
4,464
350
20J
Charleston
4.869
Philadelp’a
2,148
..
29.541
Total.
15.839
240 21.223
900
Galveston
Norfolk....
Total
Cruz.
1.294
3.975
900
4,869
2,148
161
7,067
8,433
3,700
200
1,140
50,248
p
THE
460
CHRONICLE.
vessels carrying
from United States ports, bringing our data down to
Below
cotton
we
add the clearances this week of
Wednes., Apr. S.
•
Discoverer, 3,074—
April 6- Ship Henry, 3.077.
April 4—Steamer Pascal, 3,476
For Havre—Apiil 2—Hark Maitland, 2,581
April 4—Hark Ocean,
d.
d.
d.
d.
6 01
6 01
6 00
6 00
6 01
6 01
6 00
6 00
May-June.. 6 05
June-July.. ,6 OU
July-Aug... 612
Aug.-Sept... 6 16
6 05
604
6 01
6 09
6 08
6 0S
612
612
0 12
6 16
6 15
6 15
Orleans—For Liverpool—April 2-Steamer
i
April 7—Bark Niagara, 3,102.
Barcelona—April 4—Steamer Cristobal Colon, 3,323.
Genoa—April 2—Bark Saint Anna, 2,117.
2,210
For
For
Borderer, 1,710; Vene¬
1,433.
For Antwerp—April 1—Steamer Hermann, 20.
Baltimore—For Liverpool—April 4—Steamer Eduardo, 1,712—April
Boston—For Liverpool—Match 31—Steamers
tian. 012
April 3—Steamer Catalonia,
A
pril
April-May..
freights the past week have been as
sail...rf.
Do
Havre, steam—c.
Do
c.
sail
764*
7e4*
....
....
....
932*
932'
932*
932*
932*
....
....
....
....
....
....
....
Hamburg, steam.c.
Do
sail....c.
r3
Amst’d’m, steam.c.
c
sail.-.c.
Do
>>
932*
932k
932*
mm
....
932 3'516* 932®516*
a
sail
c.
Genoa, steam—c.
Trieste, steam...c.
....
....
....
....
932A
7lfi*
932*
932*
932*
V
V
9ie*
*14^930
V
Antwerp, steam, c.
*
Sales of the week
bales.
Of which exporters took
Of which speculators took..
Sales American
Actual export
1
5 50
5 03
6 00
;
6 03
0 02
6 03
6 04
0 04
004; i 6 06
6 07
6 06
0 07
6 08
6 08
G0S
0 11
6 09
6 11
6 09
;
....
6 00
6 00
0 00
5 57
5 57
5 57
5 5?
5 60
5 61
5 61
5 60
5 60
5 57
5 57
5 54
5 54
5 57
«
,
•
•
...
...
Jan.-Feb—
..
.
.
.
.
.
.
.
•
•
....
...
....
....
.
.
.
....
....
....
....
....
....
.
....
•
.
.
....
....
•
•
.
•
6 05
6 00
5 61
5 00
5 61
5 58
5 57
5 58
....
...
....
MM
....
...
....
....
Friday, P. M.f
There
terday.
with the
marked change in the flour
April 10, 1885.
market until yes¬
Prices did not sympathize to any considerable extent
advance in wheat, which had been promoted by the
the war-like
intelligence from Afghanistan, the dealings became very
accounts. But on the receipt of
taken for export, and prices
advanced 15@30c. per bbl., the fair low grades improving
most.
There is still a scarcity of full lines of shipping grades.
Some 30,000
active.
bbls.
were
plenty, and the demand
for them is readily met.
Rye flour and corn meal have been
firmer, but prices show little advance. - To-day flour was in
brisk request from dealers, and further advanced.
The
April 10
April 2.
no
unfavorable crop
®.6*
9lb*
42»932*
was
high grades of family brands are
The wheat market has been
in
41,000
45,000
39,000
3.000
3,000
4,000
1,000
1,000
2,000
29,000
27,000
31,000
6,000
5,000
5,000
11,000
9,000
11,000
1,005,000 1,008,000 1,025,000
797,000
788,000
781,000
02,000
54,000
69,000
14,000
44,000
53,000
185,000
192,000
172,000
116,000
140,000
120,000
was
scene
of
was
asserted,
excited specula¬
an
For the first half of the week
prices.
it
the
West, attended by an important
tion here and at the
movement
43,000
5,000
2,000
6 08
5 58
5 62
6 0U
Liverpool.—By cable from Liverpool, we have the following
Btatement of the week’s sales, stocks, &c., at that port. We
add previous weeks for comparison.
March 20. March 27.
6 04
5 59
5 63
Nuv.-Dec...
t Per 100 lbs.
Compressed.
6 01
d.
| t 5 62
0 00 1 0 02
Oct.-Nov....
V
4*
6 01
: | 5 58
6 06
....
932*
716*
....
Barcelona, steam, c.
5 60
5 59
6 05
732® 4* 732® *4*
732®14‘
5 57
5 61
d.
5 58
6 03'
451
....
....
7a2®l4* 732®V
Reval, steam—d.
Do
....
....
6 57
5 60
d.
5 59
6 03
....
451
451
45t
45f
E
m m
....
....
mm
5 57
5 61
1i 5d58
6 03
39*
38'
mm
5 57
Fri.
Thurs.
....
....
d.
5 57
BREADSTUFFS.
7e4*
....
.
d.
5 57
6 03
Dec.-Jan
....
3g® 1.330* 38 3> 1832*
Bremen, steam..c.
Do
sail
c.
;
d.
5 57
0 10 i
.
764*
Liverpool, steam d.
:
d.
5 57
6 10
•
follows:
Wednes
Tuts.
Mon.
Satur.
|i
'Open High Low. Clos.
Low. Clos.
6 10
we
Cotton
Open\High
6 10
give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Wiei.axd, steamer (Ger.). from New York for Hamburg, which returned
to the former port March 23, repaired and sailed again April 5.
Below
Frl., Apr. 10.
Thurs., Apr 9.
September..
Sept.-Oct...
0—Steamer Caspian, 993.
For Biemeu—April 3 -Steamer
Hermann, 930.
Philadelphia—For Liverpool—April 4—Steamer Illinois,
j
Open High Low. Clos.
the latest dates:
New
[Vol. XL.
advance
the basis of the
In Californiar
unfavorable crop accounts.
the needed rains had not fallen; and in
fall-sown wheat had been
Ohio and Missouri vallies the
the
the
severe weather was impeding spring sowing.
On Wednesday
Forwarded
984,000
Total stock—Estimated
the speculation for the rise, growing out of these influences,,
708,000
Of which American—Estim’d
55,009
Total import of the week
had nearly subsided, but it gained renewed strength from the
44,000
Of which American
196,000
Amount afloat
foreign advices, and on Thursday the war news from Afghan¬
152,000
Of which American
istan caused the greatest excitement, prices advancing 4@6c.
The tone of the Liverpool market for spots and futures each
per bushel.
There was also more doing for export than for
day of the week ending April 10, and the daily closing prices some time
past. To-day wheat opened 3c. lower, but there
of spot cotton, have been as follows:
was a good export demand, speculation revived, and most of
30.000
7,000
18,000
winter killed
to
a
large extent, while in the Northwest
.
I :?
Saturday Monday.
Spot.
Market,
12:30 p.m.
(
j
<a
....
pec.&exp.
Futures
Market, /
12:30 p.m. $
Market,
£
0
O
a
HH
Thursd’y
D11 1
Freely
Harden’g.
Mid. Upl’ds
Mid. Orl’ns.
Sales
Wednes.
Tuesday.
offered.
ghe
64
6*16
10.000
1,000
10,000
1,000
MH
irregular.
6
GCe
10,0^0
1,000
Firm at
2-64 de¬
cline.
Barely
steady at
Dull.
1-64 dec.
•
Quiet
the
early decline was recovered.
91^4
NO. 2 RED WINTER WHEAT.
Th uv8.
Tues.
Wed.
9b 4
93
924
9134
98 4
92 4
91 34
91
99
92\
9333
92
94--<8
93%
9553
07.4
97
DAILY CLOSING PRICES OF
Moderate
and
6*8
Friday
Sat.
demand.
90^2
tn elevator...,
G
April delivery.
6li(?
8 000
1.000
Indian
Quiet but
steady at
2-64 adv.
a
corn
Mon.
94 58
9638
9 7 34
954
100-3
97
10*. 34
9830
has moved somewhat in sympathy
considerable rise in prices having
....
Fri.
97 4*
96 8}
97%
99
100%:
102
with wheat,
taken place on Thursday,
especially for the more distant futures; but the speculation*
has been only moderately active, and the rise has had the effect
The opening, highest, lowest and closing prices of futures at
of checking the business for export.
White corn is very
Liverpool for e&eh. day of the week are given below. These
scarce and decidedly higher.
To-day there was a further
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
advance, with a brisk speculation, but the close was some¬
4 P. M.
and
•
\
Steadier.
Easy.
Firm.
steady.
The pntes are
given in pence and GUhs, thus:
G 3-64</.
5 62 means
what
irregular.
5 62-6ld., and 6 03 means
Tues., Apr. 7.
Mon., Apr. (j.
Sat. Apr. 4.
DAILY CLOSING PRICES OF NO.
Open High Low. Clos.
April
April-May..
May-June..
June-July..
July-Aug...
Aug.-3ept...
September..
"Sept.-Oct...
i
>>
>>
c3
cS
n
73
—4
O
3
,
a
a
Nov.-Dee...
Jan.-Feb....
'f
..
f- !
d.
0 02
6 02
6 02
6 02
0 02
0 02
6 00
6 00
0 06
0 00
6 10
0 10
6 10
6 10
6 14
6 14
614
0 14
on
6 17
0 17
6 17
0 17
There has
•
•
•
i
....
0 12
0 12
6 12
0 02
0 01
0 02
i 5 61
5 02
5 61
5 62
...
....
Barley
was
2 MIXED CORN.
Tues.
50
4078
Wed.
50
505a
514
524
50
5 l 33
523e
50
Thurs.
52
524
534
5J34
5433
Fri.
5234.
524:
53
53%
54%:
quiet.
comparatively dull early in the week, but revived,
Wednesday, and were active and buoyant on Thursday*.
Oats were
been also
a
renewal of the export movement to
....
6 01
....
■
....
d
494
.52
July delivery....
d.
....
Dec.-Jan—
June delivery....
6 02
Moji.
4934
50 4
51
April delivery....
May delivery
d.
1 01®
i
Tn elevator
6 02
•
Oct.-Nov..
'
Sat.
40 4
....
....
Cork for orders. To-day
there was a further speculative advance, with a moderate
export, closing at 39c. for May and oO^c, for June and July.
The following are closing quotations :
London, and likewise shipments to
11, 18$5.]
AmiL
Exports
from -
FIOUR.
3 50
3 25® 3 65
Spring wheat extras. 3 50® 5 25
Minn, clear ami stra’t. 4 25® 4 75
Wintershipp’gextras. 3 75® 4 25
Winter XX & XXX.. 4 50® 5 50
Patents
4 75® 6 00
City .shipping ex
3 30® 4 &5
^ bbl. $2 70 ®
Fin©
Superfine
5 00® 5 75
superfine.. 3 65® 4 05
2 60® 3 Oo
family brands..
Rve flour,
Fine
Corn meal—
Western, &o
3 00® 3 20
3 25® 3 3o
Brandywine,
70
Rye—Western
Spring,per bush.
Spring No. 2
Red winter, No. 2
Red winter
White
Corn—West, mixed
West. mix. No. 2.
85 nl
®
95
®
96
84 ®1
90 ®I
50 ®
52*4 »
03
53
60
5L
56
65
54
West, white.
White Southern..
Yellow Southern.
White
No. 2 mixed
No. 2 white
a>
®
68
six-rowed
State,
Bush.
Bush.
New York
Boston.
355,496
735,224
5,1=2
Bbls.
12 3,609
Portland
Montreal.
Philadel..
Baltiin’re
N. Oil’ns.
N. News.
63,513
40 Lj
90
®
®
®
®
40
Bariev—No. 1 Canada. 88
78
No. 2 Canada
53*3
53Lj
®
37 h 238 0j®
3812 i
Oats—Mixed
93
02
00
72
Vo
40
43
39
®
®
73
State
97
Flour.
80
72
..
to
Tot. wk. ’85
201.070
Same wk. ’84
109 091
Same wk. ’b3
136,027
•Since July
799,009
400,841
030,493
970.072
3,175,031
1.447,083
1,118,118
038,274
2,097,389
2^
7,095,281
6,502,5 $1
1884-5
1883-4
7,081 079
,1882-3
87,019.515
59.098,013
04, '.41,231
220,492
59,590
235,270
49,808
47,602
23,730
531,531
102,005
1.351
153,62 3
21,172
503,383!
1885.
1884.
Week,
1885.
Week.
1885.
Week,
1884.
Week,
Apr. 4.
Apr. 5.
Apr. 4.
Apr. 4.
Apr. 5.
Bbls
Bbls.
Bush.
64,098
10,949
9,009
15,169
404,499
324.847
199,145
5,029
179,541
—
149,093
13,47!)
17,658
22,119
7,=-01
547
2.0.50
130
210 397
102,005
Aug.
1883-4.
1884-5.
Ex <orts since
Aug. 27 to
25, to— Aug. 25 to
Apr. 5.
Apr. 4.
Bbls.
Bbls.
(Jn. Kingdom
3,816,982
Continent...
270,781
459.501
West Indies.
521,303
417,127
531,120
07,970,452
30
Brit. Col’nies
317,730
359,532
Oth. countr’s
50,130
2,020,393
5.651,895
28,321.22!
11.049.3 4 3
6,375,809
5,46 >,73 L
4.012,390
18,603,589
7.9 43,9 21
1,559,434
Com
Oats
2,061.151
5 49,317
Barley
Rye
Total
grain
Below
1883.
Week
April 4.
April 5.
April 7.
bbla.
302,6 L9
238,51.)
.bpsh.
614,013
2,073,260
1,419,801
Flour
Wheat
Corn
Oats
Total
The rail aud lake
weeks were:
Mar
Mar
114,812
3,504.942
4,159,097
420.715
448,272
bush.
bush.
2,531.839 727,636
904.199
2,093,575
2,221,950 1.231,676
336,227
3,024,581 1/360,193
Tot., 4 w. 1136.471 1,809,257
4w’ks‘84.. 937,146 3,153,179
9.876.995 4,223,704
7,232,169 3,954,432
receipts of flour and grain at the
week ended April 4 follow:
The
Flour,
At—
New York
Boston
obis.
133,447
49,299
Portland
2.250
Montreal
9,677
9.5.412
Wheat,
Oorn,
bush.
bush.
242,025 1,234,146
51,700 211,990
8,500
63,513
13,200
500
259,200
310,200
207,784 366,071
2,252
24,253
410,595
Bari y,
bush.
101,862
168.025
168,525
195,293
1 lo.O)-O
1,879,510
57,848
115,491
341,404
17.74-, 935
103,400
5,748,088
1,170.403
206,004
8010
53,728
23,071
17,507
75,135
114,339
31,255.701
25 151.775
34,287,091
25,988,410
Corn,
bush.
Oats,
Barley,
bush.
bush
Bye.
bush.
5,537
130,533
35.000
66.503
11.700
195,588
86,912
19,5^5
147.175
83,918
17,688
86,57 8
36,86 9
53.375
46/253
bush.
455,055
57,500
24,472
82,400
21,675
1,500
3,000
7,600
28,000
2,500
500
75,000
178,775
Baltimore
Mississippi.
Tot. Apr. 4,’85.
Tot. Mar. 28,’85.
Tot. Apr. 5, ’84.
Tot. Apr. 7.’S3.
Tot. Apr. 8,’82.
2.723
21,19 8
69,553
11,652
152.948
7,015
15,961
86,752
122.114
44,200
1,508
25,*' 00
15,270
78,399
37,629
25,206
609
106,189
3,064
32,793
X
/
p*)55
....
598
.
8,799
20.918
1,161,652
389,902
388,913
2,994
18,914
835,105
2,248,486
482,500
•
•
••••
125,596
3,000
22,032
3,034.071 1,030,303 395,125
3,686,182 1,201,824 359,153
4,490,4M 1,353,204 2,060,404
22,349,953 18,223,008 4,057.698 1,098/230 1.857,858
11,732,326 8,913,446 1,529,799 933,233 939,088
43.660,972 9,558.283
27,941.403 17,157,066
DRY GOODS
TRADE.
Friday, P.
M„ April 10,
1885.
the quiet
the dry goods
light and unsatis¬
during the past week a continuation of
lately noticed in the wholesale branches of
trade, the general movement having been
factory for the time of year. There was a meagre
tion of out-of-town jobbers in the market, and
were chiefly restricted to small parcels of
for immediate distribution. The re-order
ern and Northwestern jobbers was of fair
orders from other sections of the country were
tone
2,500
6.997
43,493.096 10,450,968
THE
There was
Bye
bush.
18,97 3
179,978
556,555
.
33,186
40 000
428.8 42
3,80 4
10,009
27,362
170.800
ludiauapolis
Kansas City
On rail
seaboard ports for the
busn.
Bush.
Bush.
21,081 217
8.S02.377
10,095,764
910,840
1,200
272,401
31,078
15,834,191
140
Peoria
633,707 169,683
Barley,
1,000
2,257
313,889
49,623
66,200
447.517 377,855
Oats,
18,040,902
10,107,509
48,373
180,037
993.549
3,599
Philadelphia
Rt,e
bus/
Aug. 25 to Aug. 27 to
A pr. 5.
Apr. 4.
Aug. 27 to
Apr. 5.
Bush.
Bit h.
1883-4.
18845.
1883-4.
1884-5.
Aug. 25 to
Apr. 4.
4,420,954
Montreal
ports for last four
Oats,
bush
Boston
Toronto
622.3L2
Down
Oorn,
4,755,788
2,542.752
1,224,860
Oswego
3t. Louis
Cincinnati
1,912,383 1,394,952
shipments from same
bush.
21/85 289,597
14/35 268,533
25,077
20,2 J 4
614.0 43
Apr. 4,’35 318.012
Mar 28/85 260,329
85.565
126.4 47
Wheat,
Flour,
bbls.
100.468
566.586
101,862
33 136
682,561
Barley
^«ye
Do
afloat
Toledo
Detroit
April 8
236,39 4
909, uO 7
575/295
171.80S
1,213,097
1,284,850
Corn.
....
Week.
luO.315
581.534
50.3,339 L.737,6 37
6O3.0G9
1,457,232 1,133,308
162,958
525,701
308,743
46,500
40,500
1,500
Albany
3,226
1,050,180
Buffalo
15,990,782 2,494,835 629,996
Chicago
223,835 1,413,968
Do
afloat
2,252
7.537
Newport News...
5.157.0L3
Milwaukee
10,774
7,000
0/241,0=0
1 >ul 11th
1882
Week
21,041
Wheat,
In store at —
New York.
Do
afloat (est.)
33,039,403
1884.
558
supply of grain, comprising the stocks in granary
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, April 4,1885, was aa
and river
1885.
Week
11,536
11,005
4/>o0
The visible
664,..69
47,632,935
41,991,276
43,991.443
the rail shipments from Western lake
ports for four years:
■*ending—
3,690.074
566,120
941.539
....
are
Week
23,684.109
10,493,359
2 2,'20,903
10.453,490
1,903,539
94 001
at the
1881-2
1882-3.
5,400.486
Total
I
Wheat..... bush
3,180,229
250,733
3 & C. Am...
2,856,597
Bush.
398.333
158,913
12.692
Bush.
800.662
767,401
Wheat.
Flour.
4,085,817
1883-4.
1
Bush.
season:
6,134,391
3,506,026
2,636,009
1
Week.
By adding this week’s movement to our previous totals we
following statement of exports this season and last
45,338.729
1884-5.
Oorn.
Wheat.
42,517,039
3,415,265
We add the
have the
comparative shipments of flour and grain from the same
ports from Dec. 22, 1884, to April 4, 1885, inclusive, for four
years, show as follows:
bbls.
203,467
Total...
The
Flour
21,113
210,397
72,075,502
80.253,321
15,129,303
15,442,875
500,984 13,711,539
2,617
t
608,669 1,737,687
60 362
283 497
Bush.
47,602
1,750
Un.King.
10,774
95,584
Bush.
47,760
Contiu’ut
S.&C.Am
W. Indies
Brit, col’s
Otli.e’n’t8
Bush AS lbs Bush.5* lb>
BblsAmbs Bush.&O lbs Bush.Wlbs Bus!1.32 lbs
27,020
130,441
562,000
1,756,419
251,189
101,127
Chicago
5,700
71,311
18,015
13,440
150,809
10,952
Milwaukee..
2,033
5,115
1,295
141,040
114,481
2,355
Toledo
20,515
9,893
08,110
7s,928
81?
Detroit
5,500
22,700
27,500
25,0 JO
2,443
■Cleveland. ..
15,049
33,215
167.S05
825,000
08.308
15,517
St. Louis
10,500
11,400
182,925
6,390
342,850
1,830
Peoria..
Duluth
Bush.
30,510
Exports
for week
Rye.
Barley.
Oats.
Corn.
Peas.
201,592
125
6,6 40
1,878
Flour.
1
Wheat.
Rye.
The destination of these exports is as below.
corresponding period of last year for comparison:
of breadstuffs to market is indicated in the
statements below, prepared by us 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 compara¬
tive movement for the week ending April 4 and since Aug.
for each of the last three years:
Flour.
Oats.
110,333
411,213
455,730
185,402
24,258
Total w’k
S’ine time
1834.
The movement
Receipts at—
Wheat.
..
GRAIN.
Wheat-
Com.
S3 50® 4 85
South’n com. extras..
Southern bakers’ and
461
CHRONICLE.
THE
representa¬
their purchases
60)
36,000
Philadelphia... 20.703
3,612
18,362
49,532
specialties required
Baltimore
Newp’t News..
demand
from West¬
38,500
New Orleans... 18,500
dimensions,
but
632,917 117,675 30.184
861,680 2,544,254
Total week... 283,463
79,400
113,432
618,004
neither numer¬
Cor. week ’84.. 243,251 1,025,199 1,051,247
nor important in the aggregate.
The total receipts at the same ports for the period from Dec*
Business in commission
and importing circles was therefore of limited proportions,
22, 1884, to April 4, 1835, compare as follows for four years:
1884-5.
1882-3.
1881-2* and by no means up to expectations. The jobbing trade has
1883-4.
Flour
bbls.
3,S67,880
3,335,595
4,371,794
3,137,357
shown very little animation, still a fair distribution of the
7,502,606
14.268,583
Wheat
bush.
8,949,395
5,925.961
9,562,006 most desirable fabrics was made at regular quotations, and
26,991,477
Corn
33,001,176
14,852,445
5,657,386
6,699,680
9,081,165
5,564,408
Oats
1,748,031 exceptionally low prices enabled some of the leading local
1,425,503
Barley
1,894,037
2,011,743
150.022
295,117
jobbers to move large quantities of domestics, prints, ging¬
Eye
292,994
792,637
Total grain.... 53,218,817
29,147.194
49,680,365
24,620,051 hams, &c., in package and assorted lots.
Domestic Cotton Goods—The exports of cotton goods from
The exports from the several seaboard port3 for the week
this port for the week ending April 7 were 2,477 packages,
ending April 4, 1885, are shown in the annexed statement:
ous
THE CHRONICLE.
462
[Vol. XL.
including 1,591 to Great Britain, 151 to Brazil, 78 to Venezu¬ from 1884—by Western clothiers, at least. Satinets and Ken¬
ela, 76 to Mexico, &c. Brown and bleached goods ruled quiet tucky jeans ruled quiet in first hands, and business in Jersey
in first hands, and stocks are doubtless accumulating in some cloths, tricots, ladies’ cloths, sackings and suitings was less
quarters. Colored cottons were in irregular demand, but active than of late, while worsted dress goods, flannels and
some large transactions in tickings and denims were stimu¬ blankets were in strictly moderate demand by package
buyers*
lated by lower prices than ever before known in the history of
Foreign Dry Goods have participated in the general inac¬
the trade, and a moderate business was done in cheviots at tivity, the movement from first hands having been conspicu¬
unchanged figures. Light cotton fabrics, as Victoria and ously light. For choice specialties in dress goods, silks, gren¬
India lawns, nainsooks, &c., continued in fair request and adines, &c., there was a steady re-assorting demand, but linen
steady in price, and quilts continued to move in considerable goods, laces, embroideries, hosiery, fabric gloves, &c., were
quantities. Print cloths were in moderate demand and a trifle mostly quiet, and there was a light business in men’s-wear
dearer at 3 l-16c. plus 1 per cent for 64x64 “spots” and 2%c. less woolens. The auction rooms were enabled to offer consider¬
1 per cent for 56x60s, the appreciation having been caused by a able lines of silks, dress goods, Canton mattings, &c., but
sensible movement to stop production at Fall River and in buyers continued apathetic, and low prices were obtained for
Rhode Island for one month before July 1, which, if carried out, most of the goods sold.
will relieve the market to the extent of one million pieces. It is
Importations of Dry Goods.
more than probable that manufacturers of other cotton goods
The importations of dry goods, at this port for the week
will also stop production for a time in the near future, because ending April 9, 1885, and since January 1, and the same facts
the
prices obtainable in the present condition of the market
ruinously low. Prints were mostly quiet in agents’ hands,
but a fair distribution was made by leading jobbers. Ging¬
hams, woven wash fabrics and lawns were in moderate
request, but printed piques continued dull.
Print Cloths.—The following shows the course of the
market during the week:
for the
corresponding periods
are as
follows:
are
H
o
r+-
P
S®
2
ct<rk
v
CD
T3
o
•
£3
•
igsgsf
p:
g:
p
®
!®s?
PC P
©
l-J
r;
&
a
©
•
o •
g;
0D •
O
fagg^l
P
*■*
i
®.
D*
M
e
:
o>
•
g;
g| : : : g
f
! :
o
.....
n
•
MARKET.
|
CD •
© •
S!
SALES OF FUTURES.
•
•
•
*
.
•
t
•
i
•
I
•
•
I
I
l-»
COTTON
Friday....
June.
4,947 1,8 3
315
Dull.
315
Dull.
J
Dull.
j
Dull.
j
Dull.
315
3*15
315
Quiet.
Sales
Price
Quiet.
Sales
Price
Quiet.
Sales
Price
Sales
Quiet.
Price
Quiet.
Sales
Price
Sales
....
Price
Sales
....
....
Price
....
Sales
....
Price
....
Sales
....
Price
....
....
Sales
...
Price
c. tf* oi -j o»
ir
© tf*
©O’
w jo
62,976 36,2 4 131,7 54,241 147,956
O’ 4k
00
03 tO
oiy’jc © 4*
3-12
....
....
....
....
....
....
....
....
Sales 1,000
Price
COM
1,000
© 03
Price
....
Sales
....
Price
Sales
12,612 107,516
;
day, 3T0; Thursday. 3' 10; Friday. 3*10.
Monday, 3‘10
;
....
1,000
4*
Tuesday, 310; Wednes-
10, 19 4,021
©
©
Domestic Woolen Goods.—The demand for men’s-wear
woolens was a trifle better than of late, but by no means
A full supply, all Widths and Colors.
E^ways in stock
No. 109 Duane Street.
4k
4-
M M
CD O’ 03 OH -4
U W 31 ©• ©
tO-4
MOUOCOCO
to ©
Eugene
Successor
to
STATIONER
1855.
R. Cole,
COLE,
SEARS
AND
&
PRINTER,
Supplies Banks, Bankers, Stock Brokers and Cor-
poratione with complete outfits of Account Books
and Stationery.
tW~ New concerns organizing will have their or¬
ders promptly executed.
No. 1
WILLIAM
STREET,
(HANOVER SQUAREJ
On
CD Oh
M
03 —J © to
&
M
3
to
-l(X©COtO
00toe 4»©
JO 4-©7J-4
OM03C Cl
030
0»^J' 03<ljM
tO©C ©to39
CO©<t©CO
CO Cl
-J
003
QD 4- © OH 03
n
3
12,403 10, 19 2.384
T-*
4t- h- tO W
•^1 —• © O' X
O' CO 4* C to
C
-4
03 U)
O’ 4kX © 4^
CO © *- O' 1—'
O
©
J-I
©' © © ©
—J
t-
©©<-•© -J
<1
©
(too
WOi
x*-icn©o
CO © © i— ©
-1
CD x
^x'-J©
to
(—1 —
*—
C
4k CO
M
X©
©
•“>
Ot © M
<1 © X 4k <J
§
M
10, 19
0)H
H
*4-
BJ
X
CO
tO tO 4k CO 10
© o* to X >-*
<14k •-‘-J to fife
a*
©
b> b'
§
25
5
H
M
V3
©
tOOMClM
©nr ©oiot
on ©to t3 M
CO M M Cl
at
K
ooVt-o'b
oia>Vo;<i
bo
M
OH
MMJOM to
1
►
© CO M to CO
btOMOob
tvM
I
B
X
Mh-*<l*C0©
© to 4- to ©
C0©03
03
$
to r. ©
CO X 4- © O’
X O’ © O’ JO
©
■2 8
S:
©eg
X
50
«
M
M©
to©
©
2°
©
to CJI ©
>-•
©
—
©
©
to
to
p
©OCO©©
X
tob
CH
©©
<1
4-CO
oo or © co
© © X i— to
03 4- © 4- ©
CO
to
©X
to CO
© X
©
4-tO
CO
to
CO
©-JI
M
HHtO
4^
lot*
© © tO 03 tO
tO -4 © CO 4^
^io©to©
X
X
to
•^1
00
CD
kt
©4*-
M
to
a-X cox to
oc
x to ©
o»
L>
B
•
”
bt
to
©
4*
??*
<l©CCi-‘4k
ifikoL©©
30
© 4k x © to
© r- X X
•
4k
CO Ol
SB
3
§
a
8
to
MM^h-tO
©
to 4k -4 © O’
©tO 00 ©4k
to to H- O’ CO
h-1
O’ © © 4k CO
CO
(T)
o»
to © © to ©
<1
h- 4- O’ CO 03
4- CO CO © 4-
©
to
©-I
©o»
©O’©CD*4*
©
*iW
tO to 4- — 4-
©arils.
hj
CO tO I-* to M
to
©till—IX*
X O' 4k © ©
b> ©
©©©©©
w©©©co
F
to
»&■
©
FOR
Arlington Mills,
Renfrew Mfg. Co., James Phillips, Jr.
Fitchburg Worsted Co.,
George Whitney,
Continental Mills,
©
M
(-*©-t©^J
X © © © 4k
©uramevcial ©arils.
Lincoln Mills.
86 & 88 FRANKLIN ST.,
NEW YORK.
.
■
w YOKK$35
&
Ocean Mills
Co., Atlantic Cotton Mills,
Ellerton New
Mills,
White Mfg. Co.,
Uncasville Mfg. Co.,
Underwear and Hosiery Mills.
Bullard &
Bliss, Fabyan & Co.,
119
BAGGING
'
Wheeler,
MAIDEN
NEW
Philadelphia,
SELLING AGENTS FOR LEADING BRANDS
BROWN & BLEACHED SHIRTINGS
BOSTON.
Chicopee Mfg. Co., Peabody Mills,
Saratoga Victory Mfg. Co.,
37 Thomas Street.
New York, Boston,
15 CHAUNCKY STREET,
AGENTS FOR
BOSTON, 31 Bedford Street.
mew
& 60 Worth Street, and
LANE,
YORK.
AND
IRON
TIES,
(FOR BALING COTTON.)
Agents for the following brands of Jute Bagging,
Kagle Mills,’’“Brooklyn City,’’“Georgia,’’“Carolina?’
“Nevins, O,” “Union Star,” “Salem/’ “Horicon Mills,”
“
Jersey Mills ” and “ Dover Mills.”
“
AND
SHEETINGS,
PRINTS, DENIMS, TICKS, DUCKS, &0.
ESTABLISHED
s
oy3<i 4k ©
I JO CD
! om
I
Mfg. Co.,
Freeman Mfg. Co.,
COTTON
STATES BUNTING CO.
M tO M tO M
rf^CO
SELLING AGENTS
And all kinds of
UNITED
“I
O' X
MMCMM
tolc© W
Geo. II. Gilbert
COTTON SAILDUCK
Also, Agents
O&J
Brown,Wood & Kingman Joy, Lincoln & Motley,
Manufacturers and Dealers In
CANVAS,
FELTING
DUCK,
CAR
COVERING, BAGGING, RAVENS DUCK, 8AIL
TWINE8, &C., “ONTARIO” SEAMLES3
BAGS, “AWNING STRIFES.
X ©
©*js|03Oipi
bbc coif*
00
©omtucrcial
Brinckerhoff, Turner
& Co.,
O'OOioj
to -a O' ci tf*
Cl M
B
satisfactory to manufacturers or their agents, buyers having
continued to operate in both light and heavy fabrics with a
degree of caution bordering upon timidity, while their
demands for price concessions and long credits were almo
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
(Cards.
O’©to to to
<x
CO
294|
4-
(Cmumrvjcial
5
r". ™
*-«•
k-j-JCOXtOfife
too* ©O'©
4*
© «**■
K, M
32,079j 8,73 18! 869.1, 2,16 4! 1,7963; 2,768, 6o!
....
1,000
Transferable Noticesi—Saturday,
30C
to to Cl 03 to
M4- M C M
03 O Cl
jU © W©1<]
oo tob»x ©
1,086
....
Sales
3
•Q
m
03
o
..
m © oo
00
....
Price
I
co©
X
6
-1 03 •-* O Cl
to - 4k X©
4-
MM
..
00
Total..
©
x tot-, toco
....
Sales
CO
►-
-1 O’ i
UL
....
43.
© 4- 4- 4- O'
!
....
to
-vIOCO©©
Tone.
Price
4* 03
CD Cl
tO tO M 4- rfk.
<1 - I X <1 CO
Total.
03 JO
Tuesday.
Thursday
May.
..Holiday.
Monday..
Wed’day.
Cl
April.
Price.
Tone.
Saturday.j
j
j
Futures.
Spot 8.
XXCHANGE
Towels, Quilts, White Goods & Hosiery
Drills. Sheetings. <£c.,
for Export Trade.
JOSEPH Cl LLOTTS
f STEEL PENS
IMPORTERS OF IRON TIES.
BAGGING.
WARREN, JONES & GRATZ,
ST.
IMPORTERS
Sold By ALL DEALERSThroughoutThe WO R LD
GOLD MEDAL PARIS
.
I
JB'II.H III.!
EXPOSITION-I87a,
I'W—■—
-
H"
I
II
LOUIS, Mo.
Manufacturers’ Agents for the sale of Jute Bagging.
IRON
OF
COTTON
TIES,
@FedFRASER