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pT^r^>'
jV^:
inancial
oittmcrth
HUNT’S
MERCHANTS’
MAGAZINE,
REPRESENTING THE INDUSTRIAL AND COMMERCIAL INTERESTS OF THE UNITED STATES.
VOL. 38.
SATURDAY, APRIL 12, 1884.
CONTENTS.
437
440
441
Monetary
and
English News
Commercial
445
Commercial and Miscellaneous
Railrond Earnings in Marcl),
audfroin Jan. 1 to March 31. 442
News
446
THE BANKERS’ GAZETTE.
Honey Market, Foreign Ex¬
change, U.S. Securities, State
and Railroad
Stocks
Bonds
Quotations of Stocks and Bonds ^50
and
448
Range in Prices at the N. Y.
Stoek Exchange
449
j
New York Local Securities
451
Railroad Earnings and Bank
Returns
452
Investments, and state. City
and Corporation Finances... -153
THE COMMERCIAL TIME3.
Commercial Epitome
Cotton
456 1 Breadstuff's
I Pry Goods
462
463
457
;
than wheat.
T’Ire Chronicle.
Ths Commercial
and
Financial
Chronicle is
published in
New York every Saturday morning.
(Entered at the Post Otlice, New York, N. Y., as second-class mail matter.]
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amu
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THE
> WILLIAM B. DANA Sc Co., Publisher*,
>
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POST OFFICE BOX 053.
FINANCIAL
The break in the breadstuffs
SITUATION.
market, though a necessary
recuperation was possible, has been attended
like all similar remedial movements, with
large losses and
temporary distress to a great number of individuals.
Thanks to our vicious currency system—which at a time
of industrial
inactivity has made what we call money a
drug and therefore especially venturesome, eagerly court¬
ing temporary use—speculators have been able to carry
their load far too
long for either their own or the country’s
good. For by withholding our supply of breadstuffs when
we could have obtained a
paying price for it, we have vir¬
tually forced wheat out of every other producing country,
until now we are in turn, forced to throw our
large stock
on this
glutted market with the results above stated.
L the
light of this experience we cannot help stopping
hereto suggest to Congress, whether it is not of doubtful
Wsricm to push the measure now before it, of putting the
jUnd for the
redemption of national bank notes into bonds.
The proposition is to issue in this
way the 30^ mi lion !
legal tenders which are now lying in the Treasury to I
redeem outstanding note3 of banks which are in liquida- :
10n;—thus substantially for the time being increasing the
went before
circulation to just that extent, for the notes of the
are still out which those
legal tenders cover. That
is to say, while currency is so abundant that there
is no use for it, except to encourage imprudent ven¬
tures, and while we are sending out gold by the cart,
load without as yet having the least apparent effect on
our
gorged money market, we propose to put into
active use 39^-millions of new supply !
Is that statesman¬
like ?
We save a little interest to be sure, but we elisorganize our industrial relations. We dump another block of
currency into the channels of commerce, and ptrhaps
foster a similar reckless speculation in commodities other
paper
banks
THE CHRONICLE.
The Financial Situation
The Blair Education Bill
The Atchison System
NO. 981.
when put
At all events this
new
stock of paper money
afloat diminishes the power of gold to control
price, makes that metal less necessary to us, undervalues
it, and gives a further impulse to its shipment.
But returning to the break in wheat, there can be no
doubt of the more immediate results proving widely harm¬
ful.
The Agricultural Department estimated the amount
of that grain in farmers’ hands on the 1st of March at
119^ million bushels. Accepting this estimate as approx¬
imately correct, and adding to it the visible supply at that
date (31 millions), and say about 5 millions more in tran¬
sit or in stocks not contained in the visible supply table,
we have a total in the
country on March 1 of about 155
million bushels. Consequently every cent decline in price
represents to the holders of that stock a loss of a little
over
H million dollars.
On the last day of February
No. 2 spring was quoted in New York at $1 09, while on
Thursday of this week the quotation for the same grade
was 95
J cents, or a decline in the interval of say 13 cents,
which would make the loss foot up over 20 million dollars.
But those figures by no means measure the extent of the
harm done to individuals, since the contracts for futures
outstanding at the dates mentioned must have aggregated
several times the total crop of the year ; and though on
these future ventures we may roughly say what is one
man’s loss, is another man’s gain, yet in case of failure to
keep margins good, the bank or merchant who is carrying
the burden finds no compensation.
These thoughts bring out the unfortunate side of this
operation, and give just a glimpse of the damage it has
iLdieted.
No one can wonder, therefore, that there have
been failures ; the surprise must rather be that there are
not more announced.
But as we have said on a previous
occasion, disaster was long since inevitable, and was more
burdensome to general business in anticipation than now.
Though prices were higher a month ago, no holder was
richer, and the country is far better off with this obstruc¬
The first, of April
tion to a freer trade removed.
report of the Agricultural Department is just published,
and it shows a very promisi ng ou look for winter wheat.
THE
438
Under the influence of
a new
CHRONICLE.
and abundant harvest, the
of
remuneration
[Vol. XXXV1I1.
in
foreign loans, such
as*
those offered
interfere and frem time to time on the Continent.
The stock market, influenced by manipulation of Union
prevent our produce from being marketed. We can make
But on
money and put wheat down at Liverpool at a lower price Pacific, showed some strength early in the week.
than any other nation. Probably this year’s returns to our Monday, early in the afternoon, the movement was checked
producers will not be favorable, for the world is likely to be by news of unsettled markets at Chicago and later by an
attack upon West Shore bonds based upon an unfavorable
over supplied; but low values will restore the equilibrium
and give us a better result another year. In the meantime, construction put upon the report of the receiver of the
there is a great compensation to our 55 millions of people North River Construction Company; toward the close
in securing cheap food, so that very low prices for wheat there was a recovery.
On Tuesday the market was
which may leave very little surplus to the producer, do generally strong, the feature being a rise in Uhion
not necessarily make the mercantile
prospect unfavor¬ Pacific, Western Union and the Grangers. On Wednes¬
able.
day the above-named specialties and the trunk line shares
Among the week’s failures we have to include several were quite firm in the early part of the day. In the after,
country will prosper if speculators do not
banks. The unfortunate feature in them is,
that the disasters
exception due to speculative officers. Perhaps
the most prominent instance was the Illinois bank at Mon¬
mouth, the telegram to the Associated Press announcing
the suspension stating that “ for years the cashier has been
known as a daring speculator, and has branched out
widely in his operations.” It would be very useful to
follow up this suggestion and see who it was that knew all
this.
The dispatch referred to also stated that “great
“excitement prevailed ” when the doors were closed and
the defalcation, as it was called, was made public.
How
there could be any surprise or excitement if the man was
known as a “ daring speculator ” while he was acting as
cashier of a bank passes our understanding.
An officer of
that description in this vicinity would have a very short
career, and it is gratifying to feel that the national banking
system, as administered in the- past, harbors but few ;
such cases.
We are sorry to notice the announcement
that Mr. John Jay Knox is to give up the position of
Comptroller and accept the Presidency of one of our city
His retirement from the trust he has so long and
banks.
so faithfully administered is greatly to be regretted, but
creates no surprise, as the compensation of Comptroller is
wretchedly inadequate, while the responsibilities are great
and the criticisms always hasty, so that his retaining the
office so long is the more wonderful.
He will be warmly
welcomed here by all bank officers.
The appointment of
a suitable successor by President Arthur may prove no
easy task.
Applicants who live by their wits will be
abundant enough no doubt, but to find an honest, prac¬
tical banker willing to take the trust without receiving
half pay for liis work and care is more doubtful.
'i he break in wheat and the larger movement from the
west to the seaboard has had little effect on foreign
exchange, for although at the close it is a shade easier, it
is still strong enough to justify exports of gold.
In fact,
the exports this week reach the large total of $3,715,638 31, but only $1,006,816 72 of it goes out in the
steamers To-day.
Bankers seem inclined to ship rather
than take the risk of buying and endorsing for discount
any but the choicest commercial bills, the situation in
London and Liverpool and in this country being so un¬
settled as to induce extreme caution.
Therefoie, even
if
there
should be a moderately free movement
of
produce, tho bills drawn against it may not
prove
entirely acceptable, and in such case the
supply would still bo insufficient and the demand call
for continued shipments of gold.
So far as the London
money maiket is concerned, the rate there is so low that
it is no object to transfer balances, and later on the cheap¬
ness
of money in Europe may result to our advantage
when confidence is restored; but it is perhaps scarcely
reasonable to look for any great demand from abroad for
were
with
one
“
“
investment
in
such
European capital
can
noon
first
one
and
then another fell off and the market
closed weak and unsettled.
Thursday there was a better
feeling with a little more doing. Yesterday was a holiday.
The manipulation of Union Pacific has been aided
by
reports of progress made toward a settlement of the
differences with tho Chicago Burlington & Quincy and
by a moderately large short interest in the stock. What
basis there is for the rumors that an adjustment is in
prospect it would be very difficult to say. The statement
that the Burlington had decided upon an issue of about
$7,000,000 cf stock was at first, interpreted as hostile to
any settlement, as it was claimed that the money real*
'zed for the stock w*as to bo used in building a new line.
But on Thursday it was reported that the proceeds of the
stock were for retiring the Hannibal & St. Joseph 8 per
cents due
was
March 1, 1385, and then a more favorable view
taken of the negotiations.
Union
has
bec-n
The movement in Western
somewhat erratic all the week.
The
Wednesday morning that the $1,000,000 7 per
cent bonds had been sold, and that they were part of an
issue authorized in 1874, aided in a fractional advance, but
news on
the stock fell in the afternoon on the announcement
that the
Telegraph bill had been repor ted to the Senate,,
and that the majority of the committee wTere in favor of
the clause relating to contracts
with existing com¬
panies, while the minority were opposed to the
purchase or construction of lines by the Government.
The trunk-line stocks have shown considerable strength,
mainly because of an impression among speculators that
the managers have nearly perfected a plan for simplifying
the business of the roads so as to avoid trouble in the
Postal
plan, as reported from Philadelphia, is tofreight lines, through which cutting is said
to be very frequent, abandon the practice of soliciting business, terminate agencies and establish fixed and unchange¬
able rates for passengers and freight.
Then pool actual
cash receipts and divide them according to percentages to
be agreed upon.
This, it will be observed, is a practical
reorganization of the trunk-line pool, and such radical
changes, if contemplated, would require time to carry into
future.
One
abolish the fast
effect.
In another column
we
analyze at length railroad earn¬
ings for the month of March, drawing attention to the fact
that the falling off is really much smaller than the public
generally expected it would be. But the figures now
coming in for the first week of April still further disap¬
point the popular expectation in a most agreeable manner.
It is as yet too early to get many roads for this period,
but some of the leading companies, to which the most
interest attaches, have received telegraphic figures, which
appear in our usual weekly table on another page, and one
and all these make gratifying exhibits.
This relates more
particularly to Northwestern roads, on which a material
securities as we have to offer, while falling off was looked for.
The St. Paul, which last year
had
an increase of $89,000, now,reports a further increase
be employed at moderately fair rates
iPBIL
THE
12, 1W4.J
CHRONICLE
439
here covered, and it is also to be remarked that the
figures do not show any very great falling off from
even the best year in this period.
For the five months oi
the fiscal year, however, that have now elapsed, the net
are over half a million smaller than in 1881, though with
of the same favorable tenor, while the Northern Pacific
on
an
increased mileage has nearly doubled its that exception there is no material fluctuation. It is the
receipts of a
year ago.
The reduction of rates leased line chiefly that modifies the showing. For the
0n east-bound
freight from Chicago is thought to five months this has entailed a loss of $158,622, which
reduces the net to $2,096,783, a sum smaller than in any
operate in favor of these roads, but we notice that
other year of the five.
Still, that is a decrease of no
the receipts of all kinds of grain at Chicago and Milwaukee
more
than $284,000 from 18S3—a loss by no means
for the week ended April 5 this year were only 1,627,007
$28,000 m ihe present year; the St. Paul & Omaha
gains $20,000 in addition to the $23,000 gained in 1883,
and the Chicago & Northwest loses less than $2,000 of its
increase of $45,000.
The St. Paul & Duluth figures are
of
years
net
bushels, against 2,094,330 bushels in the same period of alarming.
The following shows relative prices of leading bonds and
the preceding year.
In other sections, too, the rail¬
stocks in London and New York at the opening each day.
roads are making good returns for the first week of April'
The St. Louis & San Francisco, for instance, records
A pH! 11.
April 9.
April 10.
April 7.
April 8
an improvement of
$21,000, or about 33 per cent
Londr1 N.T. Lond’v \ N.Y. Lond'n N.Y. •Lond'n N.Y.
Altogether, there appaars to have bean a marked change
■prices.* prices. prices.* prices. prices.* prices. prices* prices.
123-85 1237
123-73 1*3%
for the better in railroad earnings, which it is to be U.8.4s,c. 123-4S 123/8 123 85 124
hoped may be continued in future weeks.
Few York Lake Erie d Western is getting more prompt
in bringing cut its returns.
We have ibis week the
D.S.4MS.
Srie
2d
113-78
11391
2V47
2
11378
21
8934
con.
89-09
SiO j
8S"87
111. Cent.
i2u*13
12894
129-37
S. Y. G\.
114-40
114
114-40
Reading
27-GO*
1139-f
21-23
llo‘7S
1J8?4
113 78
21-47
2K>*
21-23
8911
8914
89-35
129-3?
114J i
11404
27-121
27-001
II344
21 hi
8934
-
119 37
114 52
114?4
04
27’OOt
>>
C3
23
11433
53:*
0
a
083*
February, and it presents a very Ont.W’n
9-09
9T>7
97*
OJv
80 90
8(544
80-4 1
89
80-31
much better showing that did the figures of the preceding St. Paul. 80-31 80"
8034
52-78
Can.Puc.
52-29
52
52-29
52
52-29
323*
month. This eIso appeals to be characteristic of the
Exch’ge,
result on the other trunk lines, though in a much smaller cables.
4-91
491
4-91
4-91
Expressed in tlieir New York equivalent,
degree. The Pennsylvania, in its statement for the same
t Reading on basis of $50, par value.
month, shoved a loss on the cistern line3 of $212,115, as
| Ex-interest.
against a loss of $304,922 for January, and the Grand
Money has continued in abundant supply, demand loans
Trunk of Canada, which ha3 this week
issued its
being freely made at 2 per cent. Time loans on stock
figures for January and February, records an increase of collateral are
quoted at 2£@3 per cent for 60 to 90 days
£20,588 (made on a ga:n of X 14,178 in gross) for tie and
4@-U- per cent for six to eight months. The flurry
latter month, against a decrease of £27,325 in the former
in the Chicago market caused very little impression upon
month. The London papers, however, intimate that the
the rate for money here.
At Louisville a good but not
February earnings this year include £15,000 received
urgent demand is reported, there being less inquiry for
of disputed bridge tolls from the Canada
on account
funds from the distillers, -the reason staled being that
Southern, but even allowing for that, there would still those
carrying whiskey have made extensive arrangements
remain again of £5,000 over the net of 18S3. This is inter¬
for exporting it.
The following statement, prepared from
esting, because the Erie also has a gain, but in larger returns collected
by us, shows the week’s receipts and ship¬
amount.
Including the Pennsylvania & Ohio leased line, ments of
gold and currency by the New York banks.
the increase is only $4,421, but as there was a large loss
from the lease, this does not indicate the actual result on
Net Interior
Tleceived by
Shipped by
Week Ending April 11, 1884.
N.Y. Banks. N.Y. Banks.
Movement.
the Erie proper—without that lease the net would be
Gain il,444.000
11,722.000
$27-5,000
Currency
Loss.
nearly $75,000 greater than in 1883. As in January Gold
252,000
30,000
282,000
there was a loss of $130,000, this is a very gratifying
Total gold and legal tenders
$1,752,000
Gain.11,192,000
$500,000
improvement. Endow we give the gross and net earnings
Includes $23f;/)00 transferred in tlie sliapo of silver certificates, by
of the Erie system alone for five years, the result of the
deposit of gold m the Sub-Treasury.
The above shows the actual changes in the bank hold¬
operations of the leased road being added in a separate
line at the end.
ings of gold and currency caused by this movement to
exhibit for the mbnth of
*
*
-
*
a
and from the interior.
February.
Gross
IS 83.
$
*'
1,233,409
ear .lings
Operating
18-t.
ex pens s
Net earnings
Loss on N.V.P.& (J.kuse
sc.yoc
au'vilt
70,1-cO
Result
1,252,217
909,(533
233, SCO
291,700
3(50,005
342,581
233, 800
291,700
30(5,005
342,584
!
5,472,9. >0
2,255,495
Result
$
1,425,705
1,059,100
Operating
(). lease
•3
1,018,057
8,137,722
LossonN. Y.P.&
18 80.
1,304,757!
7,728,305
Net earnin.s
1381.
1,283,010
1,019,810
Oct. 1 t > March 1.
Gross earnings
expenses
1382.
15 s,0
5,757,072
7,725,29?
5,0>01,172;
8,293,2.38
5,491,891
7,170,370
4,8(50,288
2,3?'»,05O
2,121,125:
2,801,317
2,310,088
2,801,347
2,3l'-,0S8
>2
2,090,783
••••'•••!
2,3SO,<55(
2.121,125;
We here see that while the company suffered a small
loss in gross earnings, it was able to effect a reduction of
expenses to quite a considerable amount, leaving the net,
48
already stated, about $75,000 better than in the corre¬
sponding month of 1883, which, however, the loss of
$70,000 on the Pennsylvania & Ohio leaso has reduced to
a
gain of only about $5,000.
It is to be noted that the
have been remark¬
able steady in this month during the whole of the five
gross business of tho road appears to
In addition to that movement,
tho
banks have lost
$2,000,000 through the operations of the
Sub-Treasury and $4,250,000 more by exports of gold.
Adding these items to the above, we have the following,
which
should indicate tho
total loss
Clearing House banks of gold and
week
the New York
for the
by the bank statement to be issued to-day.
remembered that these figures represent the
currency
covered
It should be
actual movement
fore
to
in
or
out of the
banks, and that there¬
they cannot be expected to agree always with
given in the bank statement, which are merely
the averages for the whole week.
Quite frequently
(when the banks lose or gain heavily in the last part
of the week) our figures indicate the result that the suc¬
ceeding statement will disclose. Thus for instance our
figures of March 29, recorded a loss of $4,284,000, whilo
the- bank statement of the same day made a loss (specie
and legal tenders) of only $1,612,400.
Next week’s bauk
statement, however, recorded a decrease of $4,205,700^
while our figures Bhowed that the actual Joss in the seven
days had been only $1,421,000. It will be seen that
those
THE CHRONICLE.
440
rvou xxxvm.
Thus, patriotism, sentimentalism and congressional inca¬
taking the two weeks together our report of iOi8 was
almost exactly the same as that reported by the banks. pacity seem to unite in urging the passage of this bill
But there is another side to the case, and we are
Below are this week’s figuree.
sorry to
say that it was not once forcibly presented to the Senate
Net Change <n
Into Banka. Out of Banka
Week Ending April 11, 18S4.
Bank Holdinja.
during the three weeks of discussion. The strongest
♦600
000
reasons against the measure were only
Guin.fl,'198.*
00
$1,752,000
Banks’ Interior Movement, as above
incidentally referred
Loss. 6 250.000
(5.250.0 >0
Bab-Tre&s. operat’ns and gold exp’is
to in the debate.
For it must not be forgotten that the
Lo^s. *5,058 000
*6,-10,000
f 1,752,000
Total gold and legal tenders
country has just received new light on the interpretation
The Bank of England reports a los3 of £396,000 bullion of the Constitution.
One may respect the conscientiousfor the week.
This represents £384,000 received from ness of the Senator who can find no warrant in the Con¬
abroad and £090,000 sent to the interior.
The Bank of stitution for the appropriation of money in aid of education
France lost 11,136,000 francs gold and 5,050,000 francs and accordingly refuses to support the* Blair bill; but after
silver, and the Bank of Germany gained 8,180,000 marks- all he has been overruled by a higher power. The logic of
The following indicates the amount of bullion in the the recent L^gal-Tender decision, to go no further back,
principal European banks this week and at the cor¬ most assuredly covers the appropriation of money, in aid
of schools, with its protection.
The constitutional arguresponding date last year.
ment against the bill was most ably set forth by more than
April 1 2, 18*3.
Ajyril 10, 1884.
one of the Senators, but to what end ?
One half of the
Silver.
Gold'.
SU er.
Gold.
Senate does not accept the principle of ‘‘strict construction”
£
A
A
£
at all, and the other half was divided and demoralized by
21,49^,938
25,304.425
Bwk of England
the fact that the advantage of the law, if it should be enacted,
30,773,304 40.0C3.154 39,697,-58 41,705,420
Bank of France
7,605,000 22.815,000
would go for the most part to the States which these Sena¬
7,571,750 22,71-5,250
Bank of Germany
72,649,569 <52,718,401 68,801,196 64,520,420 tors represent.
Total tills week
Consequently the temptation to find, if
72.581,773 02,621,563! 69,281 3 4l 64.647.701
Total previous week
possible, warrant in the Constitution for the appropriation
was
The Assay Office paid $94,758
quite too strong to be resisted.
through the SubIt is more than possible that the other arguments against
Treasury for domestic bullion during the week, and the
Assistant Treasurer received the following from the Cus¬ the bill, had they been forcibly presented, would also have
been overborne by the votes.
tom House.
It is a pity, nevertheless,
that
they were not advanced. This measure is one of
Consisting or—
Duties.
Date.
It is a bill to help those
p itcrnalism in its worst form.
God
Silver Cer¬
U. 8.
Gold.
will
not
who
tificates.
Cerlif.
Notes.
help themselves. Far be it from ua to under¬
if 5~>,0o0 rate, much less to deny, the noble efforts which have been
$3,000 $41,000 6239,00 »
$337,935 42
Apr. 4...
3 0<»0
31.000
172,000
6...
253.344 OO
Have those
put forth in the South to educate the people.
173.000
115.000
51.000
3 47 412 84
10,000
7...
failed
efforts
anywhere? and if so, why ? Not, surely,
120 000
12,00.;
97,000
255,000
483,016 18
8...
2 12.00
95 oo>*
8.000
because of the poverty of the people. Iu those parts of the
41,00'.*
9...
347,441 4
SO.000
222 0-t(r
7.000
44,000
10...
351,564 28
country where il iteracy is not rife, the scaool-house is
$510
0
Total...
$4 3.01m >305,00 1 263,000
$2,120,716 12
a
ways the first care of the people.
It does not come in
among the matters which should be provided for if the
mon
THE BLAIR EDUCATION BILL
-y holds out, but at the head of the list of things which
A vote of three to one iu favor oh a U.l1, by the Senate must be attended to in any event.
The truth implied in
of the United Spates, at the close of a debate which has the remark of Mr. Ingalls during the debate,—that a people
occupied three full weeks, and which has been partici¬ is poor because it is ignorant, not ignorant because it is
pated in by more than one half of the members of the poor,—is recognized. It may be taken as almost an axiom
Senate, certainly creates a presumption in favor of a that if the people of the States where illiteracy prevails
measure; and that, presumption i3 not weakened by the were anxiously desirous to make education universal they
There is hardly need to add that
fact that the bill had the support of a majority of the could and would do it.
if
Senators belonging to each party, and of a majority in
they cannot resolve to raise and expend, all the money
that may be necessary to abolish illiteracy, they will not.
every section of the country.
But even with these vouchers, is the Buir bill for aid to prize advantages that may be furnished to them gratis.
But further than this, there is the objection that the com¬
common schools such a measure as should be enacted into
Certain facte used by ite advocates as arguments in munities which are to profit by the Government aid to
law?
its favor are frankly admitted; there is no controversy schools cannot help becoming in a measure dependent
about them.
Illiteracy prevails alarmingly in some parts upon such aid. It will have upon them the effect -which
of the country, in the South particularly, and among the a “subsidy,’* or “protection ” of any sort, has upon every
whites as well as among the enfranchised blacks.
Not enterprise which is "helped by the Government. Let the
only is such a state of things an evil, but uneducated men expenditure of this enormous education fund be conducted
cannot, as a rule, be useful citizens or intelligent voters. with the most perfect honesty—which is hardly to be ex¬
The part of the country where the condition is worst is pected—and its influence upon the recipients of the bounty
For eight years, in the Slates where the
also the least wealthy, the least able to bear taxation, the will be baneful.
most indisposed to tax itself for the support of schools. enthusiasm for general education is least, the United States
There is a general feeling that the whole nation having, will Loir half the expense of common schools. The tax*
in the progress of a war, impoverished the South, and payers receive license to shirk half their duties.
This brings us to the second weighty reason why this
having conferred citizenship upon men whose illiteracy
was not a great
public danger so long as they were unen¬ bill should not be passed. The appropriation proposed is
franchised, has a certain responsibility for the consequences limited by the terms of the bill to eight years. If it were
of its operations in that quarter. Finally, the Government not disrespectful to Congress, we should say that this was
When this bill has been passed, a policy ha®
finds itself in possession of a vast surplus which, if Con¬ nonsense.
been adopted for all' time to come.
Look forward eight
gress must confess itself unable to dispose of it by remit¬
years.
Will illiteracy have vanished from the Census.
ting taxation, must still be employed in some way.
r
v
M
“
“
“
“
APBIL
1*3.
THE
1884.]
441
CHRONICLE.
time ? Certainly not. Hundreds of thou¬ great and in many respects novel enterprise. Fourteen
sands of the illiterates are now grown men and women, who years ago the Atchison system, then in embryo, was com¬
posed of 28 miles of completed road within the State of
^illnever learn to read and write; and as long as they live
K-insas.
Today it operates directly 1,820 mile?, and
they will be classed as they now are. So, then, in 1892
manages 800 miles more, making 2,620 miles, in addition
the need of national aid to education will be as great as
to
which it has a half interest in the Atlantic &
e7er, end it will be supported by the same arguments as
it is now.
In fact, there will be a new argument. The Pacific, which would raise the total to over 3,000
miles. Thus, from being a road of merely lecal significance,
people of the illiterate States may very plausibly come to it has
developed, until now, with Kansas City
Congress, saying: Encouraged by you, we have greatly
tobies by that
enlarged the common school system. We are hopeful
that it will yield good results.
But eight years is a short
time in which to t ft ct the education of a people.
We
find "ourselves now with a great system, which we are too
and Atchison
tem affords
the
her
o
in
on
the
one
Missouri,
direction
a
termini, the sys¬
line into Colorado, ar.d in
as eastern
(through New Mexico and Arizona) lines to the
both the Atlantic & Pacific and the
Pacific, a line to Guaymas in Mexico, over
poor to maintain unaided. To withdraw the bounty of
the Sonora road which it owns, and a line to El Paso del
the Government will leave u§ in a worse state than we
were when the Blair act was passed, in 1S84;
because it Norte, where it connects with the Mexican Central, now
will cripple the system in every part.
We beg that completed to the City of Mexico. All this has been at¬
tained under the management of energetic Boston people,but
the bounty may ba continued a few years longer.
What answer can bo given to such an appeal.
But, it is pre-eminently to the enterprise of Mr. Thomas Nicker¬
Pacific Coast, over
Southern
indeed, it will not be needed.
lie will have become accustomed
Before 1892 the pub son (who has also done such excellent-work in the Mexican
to the new item of Central) that the Atchison owes no small measure of its
The demand for maintaining the annual
appropriation at the maximum sum of fifteen milli ns wiT
begin long before the hundredth anniversary of the Con.
expenditure.
will be fortunate
indeed if the educational appropriation does not become a
aource of scandal as offensive as the River and Harbor b 11
has been, and if members do not become as reckless and
lavish in this matter as they are now in voting pensions.
Some of the Senators spoke of this bill as a possible
“precedent.” The word is misapplied. If the Blair act
is passed it will fu'ly establish a permanent national policy
An educational appropriation will never again be omitted
byCoDgress. Judging from what has taken place in other
directions, the chances are strongly in favor of an immense
extension of the principle of this bill.
But we do not care
to anticipate events further than they can be clearly fore¬
stitution is celebrated, and the country
success.
Barring the Sonora purchase, the value of which sufficient
time has not
yet elapsed to determine, especially since the
Guaymas have not yet been per¬
communications with
fected, the results of the system, as already intimated, have
proved very gratifying. In view, however,of the predictions
of ruin so freely indulged in by many, it is very interesting
to note just what progrers the company has made.
We
first its critics fixed upon
A882 as
the year which would witness the collapse of the under¬
taking, then 1883 was certain to mark such an event, and
now the
prophets of evil do not care to express themselves
with definiteness, but merely assign some unknown day in
the future as the time when their prediction will'be fulfilled.
Meanwhile, the security holders will take pleasure in cont unplating the following exhibit of the company’s opera,
seen.
We can see that this measure chiefly favors those tions for 10 years past—based on the mileage directly
who do not wish to tax themselves to support schools; that operated.
it will not encourage tnem to assume the full burden when
Miles
t Funded
N*t
Gross
/ H(l Of
C(>pital
(according to the biii) ihe Government aid is withdrawn; Year. lit Year.
bt.
Xioc/c.
Earnings
Earnings.
well remember that at
*
in
that it does commit the United Slates Government to the
general common school education; and that to
complete that work will require an extension of the
time during which the aid is to be giver.
Demoralizing
to the Government which gives, and to the communities
which receive, this help, the bill should be r* jicted.
work of
1874..
1*75.
1870.
I." 77.
..
..
..
1 7H
1*79
1-80.
18-11.
i 8J2.
1*8 {v
THti ATCHlSCjy JbVSTA'M.
The
growth and expansion of railroad operations in the
Northwest-, which we found illustrated last week in the re¬
port of the Chicago Builington .&Quincy, has a parallel
in the Southwest, to which attention is called this week by
the appearance of the Atchison Topeka & Santa Fe
report for
1883, advance
sheets of which have
been kindly furnished us, and which we give in great
detail and with comparative figures on a subsequent page.
The extension and development in the Southwest is, per¬
haps, more noteworthy than the corresponding expansion
to the
Northwest, for while fewer roads have taken part
to
it, it must be remembered that in the Southwest the ex¬
periment was a comparatively new one, and, therefore,
uncertain in its results, while in the Northwest some con¬
siderable progress had previously been made.
Among these Southwestern lines, the Atchigon Topeka
ind Santa Fe must undoubtedly be assigned first place,
not alone on account of its
mileage, but more, perhaps,
because of the wonderful coincident growth of traffic
*hich has attended the efforts of the promoters of this
.
.
508
$ Vi50/-05
$*>23 050
711
711
1.5 0 3'* 8
2, 486.582
743.928
780
8(58
2,679,10(5
3.050,8**8
(5,381 4 4 2
8,5
.0 7(5
12,584/08
1 4.77-',305
1,U»7
..
l r>R0
..
1.785)
..
.
-•
1 .*20
*1-1.1 .7.3 8
1.18*,24 4
1,219.003
1.0* 9,395
3.41 4,4 77
4,2 13,771
4,5*0, 82
0.130 0.9
7.3(551. 1 30
operating expenses, uix.ee, &o
including debt of leased roads.
A l*ovo
t Not
,
$fi,015,000
8/15,000
8/515,000
8,0153 0 >
8.015,000
1 2.0 <4,100
24.891,000
£
V,94 9,000
13.^4 0/ 00
14,170/ 00
11.236.500
4T,102.7oO
14,175.500
14,13(5,500
15,71,5.000
20,43. .000
50 913,250
50 9 1 3.250
25,241,500
2:,-87.000
but nut above rentals,
earnings are over 14 millions
nowp against 1^ millions in 1874, and that net earnings
are
nearly 7§- millions, against less than five-eighths of a
million.
In the figures for 1883 two things attract
attention; first, the falling off in gross earnings, and
secondly the heavy gain in net through a reduction in
expenses.
As to the expenses, any one who knows
anything at all about the Atchison management, knows
that there is not even the basis of probability in the
charge that the cost of operating has been reduced by
allowing the property to run down and deteriorate. Still,
it being so easy to disprove the charge by actual figures
ready to hand, the management have done well
to
present their evidence in that convincing form.
The table incorporated in the report for this purpose,
accordingly shows that both in 1881 and 1882 over
$2,500 per mile was spent for renewals and repairs, and that
this was extraordinary, since in 1879 only $1,341 per mile
had been spent in this way, and in 1880 $1,456.
These heavy outlays in 1881 and 1882 served to p ace the
Here
we
find that gross
THE CHRONICLE.
442
[vol. xxxviii.
'
-
only $1,651' per mile, evsn then
seen, than in any year prior to 1881.
The truth is, the expense was extraordinary in 1881 and
1882, and a reduction now is only what would naturally
follow, even if the management were not faithfully seek¬
ing to operate the road as economically as was consistent
with safety and proper repair.
As to the falling off in gross earnings, this amounts to
$655,957, an analysis of which brings out some interest¬
ing features. We find that as much as $565,454 of the
decrease is to be ascribed to a falling off in passenger
earnings, and that this has arisen mainly from .the
lower rates obtained—the average rate being 2 *921 cents
per passenger per mile in 1883 and 3-390 cents in 1882.
•On the other hand, the revenue from freight decreased
only $163,190, and thi3, too, was because of a
reduction in rates (from 2-288 cents in 1882 to 1*992
cents in 1883), the tonnage mileage having increased
required
larger, as will be
amount
460,608,539 tons to 520,751,467 tons.
tonnage mileage was 396,416,863 tons,
1880 only 267,355,044 tons.
But the gain here
in tonnage does not indicate the real measure of
that the company has made in its business
years.
In 1880, 1881 and 1882, a great deal of
this
tion material
was
FROM JANUARY 1
was
from
carried
In 1881
and in
recorded
progress
in these
construc¬
EARNINGS
RAILROAD
property in the highest state of efficiency, so in 1883 the
Construction
Tons one
mile.
18SO. 72,2^3.403
1881. 110,768,148
1NS2.
85,092,270
1833. 34,861,042
Total
Freight.
Tons
Rate per'
ton p. m.
Cts.
1-018
1-205
1-280
1109
Revenue.;
.
Freight Tonnage.
one
mile.
$
736,154 267.355,014
1,335.010 306,416.863
1,090,165| 1460,608,539
380,010[| 520.751.4o7
Rale per
ton p. m.
Cts.
2-431
2-283
2-288
1-092
'
Revenue.
$
6.499,981
9.051,623
10,537,201
10,374,012
Thus, while the revenue from construction freight fell
off nearly a million dollars between 1881 and 1883, all but
$163,000 of the amount has been made good by a corre¬
sponding gain in ordinary freight. The increase in the
volume of traffic is shown in
the expansion in
tonnage from 396 million tons to 520 million tons,
notwithstanding that in the interval construction mate¬
rial, which is included in this movement, fell off
from 110 million tons to 34 million tons.
Iu other words,
the commercial freight of the road has increased 2.00 mil¬
lion ton miles in two year's, which is certainly a most
encouraging feature, and helps explain how the excellent
financial results
for
the
brought about. Of
course the splendid harvest of grain in Kansas has had much
to do with this development, as will appear evident when
we say that of the combined mileage of 2,620 miles operated,*
1,365 miles are within that State. Under this favoring
circumstance, and the economies which previous improve¬
ments permitted, the company was enabled to meet all its
charges of every description, pay 6 per cent on 57 mil¬
lions stock, and yet retain a balance of $1,472,133, inde¬
pendent of $974,620 surplus receipts from the laud depart¬
ment, but not independent of $210,000 received as a divi¬
dend on the stock of the Southern Kansas system held. Of
year were
MARCH 31.
a
adverse circumstances with which
contend, the decrease should be
three roads
railroads have had to
so small.
On the fifty,
reporting, the aggregate diminution is only
equivalent to less than 6 per cent. When
it is remembered that general business has continued
depressed, that the cotton movement was reduced over
one-half, and that the grain movement also suffered a
material contraction, this will certainly be considered a
good exhibit. But the further fa,ct that earnings last.year
were
unusually heavy—our table then recorded an
increase of over 3| million dollars, and of 66 roads
report¬
ing, only 5 had any decrease, and this in every case was
small, the aggregate decrease of all five being less than
$15,000—this further fact that the comparison this year
is with extraordinarily large figures in 1883, makes the
small ratio of decrease actually shown all the more note
worthy. In the following table we give the earnings and
mileage of each road embraced in the showiag.
$93 0,000,
GROSS EARNINGS AND MILEAGE IN MARCH.
Gross Earnings.
branch
following table will make this clear.
MAROH^~Am'
TO
earnings for the month of March
pretty general falling off from the totals of a
year ago.
This, however, will cause no surprise. It js
just what the indications and prevailing conditions had
pointed to. The surprise is rather that, in view of all the
exhibits
Mexican Central
The
IN
Our table of railroad
for the Atlantic & Pacific and
roads, and also for the Atchison’s own
lines, which of course swelled traffic and earnings
very largely.
In 1883, however, a decided diminution
occurred in this item, and the strong point in the com¬
pany’s showing is that this diminution has been overcome
entirely in tonnage, and almost wholly in revenue, by an
increase in the ordinary commercial business of the road.
+
v.
Name of
Road.
1884.
$
Increase or
Decrease.
1883.
217,3 19
252,913
Canadian Pacific
Central Iowa
Central Pacific
27 8,000
297.< O
115,182
115.826
2,024.533
Chesapeake & Ohio*.
Eliz. Lcx.it Bis Sail*
Chicago it Alton
Chic, it Eastern Til
Chic. Milw. it St. Paul.
Chicago it Northwest.
Chic. St. P.Minn. &0.
Chic, it West Mich....
Cin. Ind. St. L. «fc Ch..
Ciu. Wash. «t Balt
Cleve. Akron it Col...
Des Moines & Ft. D.*
Detroit Lans’g & No..
Evansv. it T. Haute..
Flint it Pere Marti...
Fla. R’y it Nav- Co...
Fort Worth it Denver
Grand Trunk of Can.t
Gr. Bay Win. it St. P.
Gulf Col. it Santa Fe.
Ill.Cent. (III.itSo.Div.)
Do
(Iowa lines)..
Ind. Bloom. & WTest...
Kan. C. Ft. S. & Gulf'¬
Ll i tie Hock it Ft. S...
LittleEk. M. R.&Tex.
205,279
40,847
695,243
111,869
1,789,000
1,753,300
451,700
132,498
205,467
164,101
39,124
18,755
114,769
65,242
218,518
81,998
29,600
-35,561
—19,000
»
-
36,331
636,69 4
139,583
2,043,730
2,095,292
438,520
149,465
226,484
164,748
47,467
23,061
139.914
31,578
124.012
141.101
852,800
140,500
222,349
931,934
204,953
268.801
614
>
400.533
+ 25.139
-
180 1 10
68,911
231,03 4
74,395
26,200
1.380,821
39,1 wft
1,217,242
1883.
$
$
Bm-l.Ced. Hap. & No.
1.024,000
Mileage.
+ 4,516
+ 8,549
713
713
2,033
1,152
401
304
3,003
2,941
512
130
847
512
130
847
252
—27,71 4
252
—25 4,730
4,770
3,850
—336,9.92
+ 13,180
16,967
-21,047
410
263
410
363
—647
281
281
-8,343
—4,306
—25,145
s—3,Ob9
1 2,516
+ 7,603
+ 3,400
144
143
225
116
361
4(55
110
144
143
225
146
347
465
110
163,579
2,322
2,322
—7.527
-17,062
—79,13 4
225
534
—
—
L,.r>26
402
6S4
389
168
170
352
—31,433
—16,4 52
+ 19.451
12o, 193
48,047
164,976
162,751
Louisville it Nashv...
1,177,370
1,141.337
-6,900
+ 2,2-25
+ 36.033
Marq. Hough. <t On..
Memphis it Char’ton.
Mex. Cent. (So. Div.).
24,331
113,334
191,000
100,710
49,020
188,899
213,117
20, *96
ior,>-20
3,435
+ 11,51 4
151,288
+ 39,712
+ 2 4,624
+ 4.020
+ 4,C5 5
203,158
+ 9,959
55,795
992,200
57,055
573,709
-1,260
135
330
449
374
225
528
502
240
+ 328,491
2,449
42,i94
68,056
49,160
55,-850
—6,606
+ 12,206
338,300
314,900
26,! 67
—6,600
‘27,061
+ 52,896
—3.63 1
—7 910
—6,234
+ 27,917
+ 63,190
12.336
212
254
774
206
294
195
138
152
160
776
225
Long Island
Milw. L. Sh. it West..
Milwaukee it North’ll
Mobile it Ohio
Norfolk it Western
Shenandoah Valley.
Northern Pacific
Ohio Central*
Peoria Dec.itEvansv.
Ricn. & Danville
West. No. Carolina.
Rochester it Pittsb...
St.L. A.itT.H. in.line.
Do do (branches).
St. Louis it Cairo*
St. Louis Ft.S. it Wieh.
St. Louis it Sail Frail..
St. Paul it Duluth
St. Paul Minn, it Man.
..
Total
*
(53 roads)
..
27, SSI
79,957
79,086
45,000
184.8 U
129,409
73,041
16,483
133,093
80,951
45.907
415.179
73.253
17,990
351,689
85,589
729,813
700,100
22.717
16,345,626 17.276.001
3,580
1,290 1,170
—
139,944
43,817
25,698
32.398
4,520
—
1,230
2,065
+
+ 1,71 7
-
—29,713
*
1,387
225
482
1.506
402
694
389
168
170
S52
2,065
100
330
306
326
180
528
460
240
1,701
21-2
254
757
206
125
195
121
152
128
726
20S
1,250
—930,375 39.291 36,^25
Only three weeks of March in each year,
i For four weeks ended March 29;
It will here be
that the decrease
reported is more
by the falling off on four roads, namely
the Chicago & Northwestern, the Chicago Milwaukee &
St. Paul, the Central Pacific (the large loss of $400,000
on this
latter being no doubt ascribable to the floods in
the balance of $1,472,133, half a million was devoted to
Southern California), and the Canadian Grand Trunk.
On
renewals and improvements, a quarter of a million was
the other hand, the Northern Pacific, which by reason of
contributed to insurance fund, and $200,000 was stricken
off for depreciation of materials,—deducting all which still the large addition to its mileage occupies a rather except¬
left a surplus of $522,133 to carry forward.
ional position, contributed quite a heavy increase —namely
than covered
seen
|PpH
0ATB1L 12,
THE
1*84]
CHRONICLE.
$323,49 L If these five roads were excluded, the decrease on
the remaining roa.ds would be reduced to the merely nominal
amount of $103,032. Outside these five the changes are
all less than $100,000, and most of them less than $25,000.
Of course, as already stated, the roads exhibiting a decrease
predominate, and it is also true that all sections of the
country share in the falling off, but this is due to a com.
bination of unfavorable circumstances, mostly special to
particular localities. Thus the Southern and Southwest¬
ern
roads all suffered because of the contraction in j.he
yield of cotton, the Western and Northwestern roads be¬
cause of a reduced movement of grain.
The depression
in business, which operates to diminish passenger traffic
and general and miscellaneous freight, was, however, more
general in its character, and affected all roads alike.
The large falling off on Northwestern roads is not dif¬
ficult of explanation—in
fact, merely bears out our re¬
should not be quite
heavy decrease. In January and February last year
the traffic operations of these roads were seriously impeded
by snow and ice and generally unfavorable weather,
through which earnings were greatly reduced and the
transportation of freight retarded, leading to heavy accu¬
mark, that it was hardly possible there
a
mulations at
interior points.
In March the meteoro¬
413
RECEIPTS FOR FOUR WEEKS ENDED M VRCH
Flour,
(bbls.)
Wheat,
Com,
(bush.)
(bush.)
29^ AND SINCE JAN. 1.
Oats,
(bush.)
Barley,
Bye,
(bush.)
(bush.)
Cliicayo—
4 wks.,
170.835
4
2811,180
659,988
007.059
2,618.163
1,020,137
2,600,282
275,708
483,963
548,027
1,707,445
1,743,743
Mnr., 1884
wks., Mur., 18S3
since Jan. 1, ias4
Since Jan. 1, 1883
505,312
4.312,590
2,379,378
5.760,053
2.191.091
577.325
10,039,0211 7.206,300
10,014.7.0 5,0c9,22i
1,853,599
1,913,183
803,492
110.569
241,4c0
47*",140
595,271
Milwaukee4 wks., Mar., 1SS4
4 wks.. Mar., 1883
Since Jan. 1, 1884
tince Jan. 1, ISSa
225.523
804.1H4
800,007
219.710
24c\175
259,492
579,135
1,438.138
23.562
55,404
104,387
398,705
040,202
1,705,860
184,920
3.680.150
3,907.560
8,005,548
8,663,110
085.359
499,878
1,099,700
232,074
42,881
25,070
102,971
78,448
1.090,082
768,196
3.010,424
2,217,325
22.278
92,599
11,400
870
7,940
134,818
213,020
28,014
20,707
7,liK$
5,250
10,257
84,780
127,900
S20.248
470 070
St. Louis—
4 wks., Mar.,
4 wks., Mar.,
since J>m. 1,
Since Jan. 1,
1884
18S3
1884
1888
151,935
341,823
511.212
088,883
l,29o 684
433,672
2,350,387
1S8J
4,818
280,160
1883
1884
1888
8,218
18,207
15,332
877,195
1,418.728
Detroit —
4 wka Mar., 1SS4
4 wk-., M. r.. 1888
Since Jan. 1, 1881
Since Jan. 1, 1888
8,724
19,970
31,988
58,002
2,297,171
590,159
7.C07
03,489
11 .OSS
33.818
lJKoO)
Toledo—
4
Mar.,
4 wk s,, Mar.,
Since Jan. 1,
Sinca Jan. 1,
120,802
,
2,756,071
307.370
704.223
1,002,58
220,827
412,473
901,182
8.28.020
520,527
810,428
1,2x1,490
73,087
44,037
78,294
201,028
198,782
309
1109 8
1NV 90
329,119
1,352
10,873
83,544
38,201
500
Cleveland—
1884
1883
1881
23,351
8s,581
102,530
277.883
37.311
01,175
127,221
18831
33,070
391,464
554,397
234,433
78,791
500
4 wks., Mar., 18841
4 wks.. Mar., 1883,
Since Jan. 1, 1884;
Since Jan. 1,
3,800
5,385
11,910
17,520
52,300
1,007,475
1,431,500
701,70ft
29,710
134,470
52,710
59.900
209.010
235,400
4 wks.. Mar.,
4 wks., Mar.,
Since Jan. 1,
Since Jan. I,
.
Peoria—
Duluth—
4 wk\, Mar.,
4 wks.. Mar..
Sin e Jan. 1,
Since Jan. 1,
18S3j
I
1SS4
2,071,550
223,000
70,819
284,720
49 4,'813
598,351
2,349,097
711,255
IS-8
501,11 1
1882
18^4 1,901 992
2.379.900
1883;
1882 1.920.172
3,760,037
1,5**2,897
<8.079.327
,
wks., Mil''.,
4 \\ ks.. Mar.,
Since Jan. l,
Sim e Jail. 1,
Since Jan. I.
2,294,033
3,413,100
3.03 4,39
01,500
1031130
1883
1881
1883
Toted of edl—
4 wks Mar., 1884
4
>
40,800
06,900
1-45, "00
780.825
•••
10.441,728 4,178 838
12,553,142 3.908.954
3,591,484 2.368,001
82, Kl IS, 104 12.302.295
33,457,512 10,50*4,705
20,095,410 8 850,440
1,058,509
1,001,377
615,978
3,717.007
5,096.051
3,003,“50
38,162
.r
3 J-9,482
13S,026\
898.267
1,1 lrvHTS"'
585.280
logical conditions completely changed, and all obstruc¬
7.901.28"
to the
free
movement of
traffic were re¬
With one exception there is not a single town iff the
moved. As a consequence, much business which would
have come forward in January and February, except for foregoing table that does not fall behind in the receipts of
the weather, did not come forward till March and succeed- corn for March, while the same is also true of wheaj^jbnd
jug months, making the earnings in this latter period barley and some of the other cereals. There is, besides>
a large falling off in the movement of flour.
The receipts
larger than they had ever been before. In illustration of
this, we have only to mention that on the Chicago & North- of these articles, however, are not small in themselves
west and the Milwaukee & St. Paul the increase for the —they are small ineredy by comparison with the totals of
tions
aggregated over $900,000, distributed in nearly
equal amounts between the two roads. These same reads
this year lost less than $000,000, showing that despite the
large falling off that has taken place in their earnings, the
totalis still $300,000 greater than in 18S2.
The St. Paul
makes relatively the better showing—it gained $482,344
in 1883 and loses only $251,730 of this the present year3
while the Chicago k Northwestern gained $422,361 and
now loses $337,000.
The reason is, no doubt, that from
the nature of its traffic the Northwest is more largely
affected by the business depression prevailing, while at the
same time the St. Paul, having a much
larger percentage
of new mileage through a territory before unsettled (which
in the early years at least must yield a steadily increasing
amount of business, though not as much, of course, as it
would were everything as favorable as in 1880-1) gets
important additions to it3 revenues that the Northwest
$Q?s not get, at least in the same degree. On the St. Paul
& Omaha road we have this year an increase of about
$13,000, but this road in 1883 had a comparatively small
gain—only $25,000. The Burlington Cedar Rapids &
Northern, in the same division of the country, gained
$29,000 in 1883 and loses $35,000 in 1884. The Central
Iowa had a very large increase in 1S83 ($35,000, or over 4 0
per cent), but owing to additions to its mileage, has been
a
enabled
a
month
ago,
year
which
12,093.221
were
unusualiy heavy.
the diminished movement of corn
_
__
The effect of
should be most marked
larger carriers of that cereal, like the Burlington &
Quincy and the Rock Island; but neither of these is in
on
the
our
list.
running south from Chicago, as well as all
those in the territory east of the Mississippi and north of
the Ohio, have heretofore shown a decrease after a similar
falling off in 1883. It i3 not strange, therefore, that they
should exhibit smaller earnings now, when in March, 1883,
they pretty nearly all had some gain. In this category
belong the Evansville & Terre Haute, the Chicago & East¬
ern Illinois, the Illinois
Central (though the latter’s loss
this year is to be ascribed largely, if not chiefly, to the
diminished movement of cotton on the Southern division
The roads
included in those of the main stem),
the Cleveland Akron & Columbus, the Indiana Blooming¬
ton & Western, the Ohio Centra), the Cincinnati Washing,
ton & Baltimore, and the St. Louis Alton & Terre Haute
main line.
These latter two form parts of trunk lines to
the seaboard, and the decrease on them is very smalL
because the reduction of the tariff in the east-bound pool
has operated to swell their business during the closing
week3of the month.
The Peoria Decatur & Evansville
whose
earnings
are
(whose termini are indicated in the name) must have had
larger movement of corn in 1884 though the receipts
of the Illinois Central also had
at
Peoria do not seem to indicate it, and hence the gain of
quite a heavy in¬
crease in,18S3
($37,000), but the falling off this year is $12,206 in its earnings this year, while last year there was
even heavier,
namely $64,000. But in respect to all these a loss of $8,514. In explanation of the falling off in
Iowa roads, it should be said that their earnings last year earnings this year on the Michigan roads, it should be stated
were made
after a snow blockade, and this year during that as a rule they had quite large gains in 1883, and also
such an interruption.
Further, the movement of com, that in some cases floods seriously interrupted operations
upon which they are greatly dependent, seems not to this year. As idustraiions may be mentioned the Chicago &
have been as heavy as in 1883, as the figures indi- West Michigan, the Flint & Pere Marquette, and the Detroit
In Wisconsin, the Green Bay
c&ting the movement at Chicago in the following table Lansing & Northern.
will show. *
1 Winona & St. Paul has a decrease much larger than the
to retain almost
the whole of it.
The Iowa lines
444
THE
CHRONICLE.
rvou
xxxvni.
increase of
1883, while the Milwaukee Lake Shore & West¬ small. The Memphis & Charleston also has quite a
little
is still noteworthy for its Urge and continuous gains.
gain this year, but the figures of the connecting road—the
ern
But it is the roads
running through, or connecting with,the East Tennessee—are not given out.
For the first quarter of the year, our table of
(except where affected by the contraction in the
earnings
cotton movement) that record the largest
improvement makes on the whole a pretty satisfactory exhibit. la the
and the excellent yield of the crop3 in Kansas is in no aggregate, the result is only $353,000 behind a
year ago
small measure responsible for this.
We have the Cnicago though there are almost as many roads having a decrease
& Alton, which has further added $8,500 to its earnings as there are those
having an increase. It will be noticed
in 1884, after having added $93,000 in 1883, and the St. that the largest falling off occurs on the Central
PacificLouis & San Francisco, which, after an augmentation of the Grand Trunk of Canada, and the Illinois
Central, and
$77,000 in 1883, has a gain of $63,000 more in 1834 that the decrease on other roads, as above in the case of
The St. Louis Fort Scott & Wichita is also to be men. March, is generally quite small.
So, too, outside of one
tioned as having swelled its earnings largely, though the or two roads whose
earnings have been augmented by
line was not fuLy in operation a year ago.
reason
of
The Kansas
heavy additions to mileage, the gains reported
are
as
a
rule
of small amount.
City Fort Scott & Gulf, whose traffic connection with
Taking all things into
Memphis continued interrupted during the early part of consideration, the St. Louis & San Francisco would appear
the month, reports a handsome increase in spite of this to be entitled to first
place for improvement m results.
fact.
The figures of the Gould Southwestern roads are Following is the table.
again withheld. In the absence of facts, an unfavorable
GROSS EARNINGS FROM JANUARY 1 TO MARCH
31.
result is believed in; first, because the earnings in 1S83
were very heavy, and, secondly, because the
Name of Road.
-1881.
system runs
1883.
Increase. Decrease.
Southwest
■
down into
Texas, where it is known the lite cotton move¬
ment this year is small.
The effect of the diminished
movement of that staple is seen in the case of the Gulf
Colorado & Santa Fe, which records a decrease of
$17, 000, or 12 per cent. The decrease occurs altogether
in freight, the passenger receipts showing a
satisfactory
increase.
In order to make it clear what
a m
uerial
change
there is this year in the cotton movement, not only in Texas
but all through the South, we give below the receipts of
the
staple for March and the three months
to March 31,
for three years.
SOUTHERN
TO MARCH
PORT8 IN MARCH
31, 1884 1883
March
bales.
Florida
Savannah
Brunswick, &c
i«
—
1883.
1882.
1884.
1883
37,070
72,865
21,980
118,447
244,991
84.735
108
541
409
703
2,217
70,311 157,653
9,463 12.085
5,029
1,233
18,145 51,003
52,255
374,205
47,706
15,699
99,333
1,202
82,743
2,509
13,100
2,061
133,791
53,190
627,020
87,441
6,094
184,542
2,507
258,853
14,992
473
33,121
20,182
38,018
25,629
358
3,311
1.293
Port
Royal, <feo
Wilmington
Morehead City, &c
Norfolk
2,571
6,f.5S
0,197
350
1,022
61,944
785
47,740
20,828
7.356
27,018
West Point, &c
12,150
Total
1
Since January 1.
160
Charleston
FROM JAN.
1884.
.
Few Orleans
Mobile
AND
AND 1882.
PORTS.
IndlanoD, &c
Chesapeake it Ohio*....
Eliz. Lex.it BigSandj*
Chicago it Alton
Chic. it Eastern Illinois.
Chicago Milw. & St.Paul
Chicago it Northwest...
Chic.SCP.Minn.it Omaha
Chicago & West Mich....
Cin. Tod. St. L. it Chic.
riu. Wash. & Baltimore.
Clove. Akron, it Col
202.021
427.961'212,2
6
044,75
1882.
53,040
8,263
137,519
200
500
137,496
14,379
33,003
83.339
27,730
7,642
10.116
222,555
03,070
153,037
43,410
1,030,6 il
870,982
7 921
find
falling off of 225,000 bales from the total
of March, 18S3, so that even the small aggregate of 1882
is left behind.
The receipts were smaller this year than
in 1884 at ail the ports mentioned, with the single excep¬
we
a
tion of those of Florida.
Orleans has lost
than any
other port. The Illinois
only 19,04 9 bales at that
point in March, 1S84, against 33,920 in March, 1883. The
New Orleans & Northeastern brought in 4,016 bales.
The smaller cotton movement, of course, has left its mark
on
the Southern roads chiefly affected ; in fact, the
varying result on the different lines in this section is to
be attributed chiefly to the changes that have occurred
through the falling off in this item of freight,—those roads
making the best exhibits which have suffered least in this
respect. The Little Rock & Fort Smith and the Little
Rock Mississippi River & Texas have sustained a loss
because of the deficient yield of the staple in Arkansas,
and the Shenandoah ValLy road and the R chmond &
Danville also record a falling off, but the Louisville &
NashvilL, the Chesapeake & Ouio lines, the Norfolk
& Western, and the FiOiiia roads, all exhibit improvement
on the figures of a
year ago, which were not by any meins
more
$
637.317
776,346
324.296
4,591.001)
701,875
679,741
273.091
5,238,160
1,933.807
3 46,779
4.574,000
4,658,1 00
1,1 23,3uO
3 49,159
509,500
4*4,043
100,528
Long Island
$
$
685,556
76,319
139,722
1,890,464
43,343
1,032.793
72,45 4
350,101
559,522
439,932
118,963
6 4,652
297,262
339,620
153.031
169,145
586,167
232,397
90,507
86.136
4.319,779
85,129
1,007
398,796
2,445.700
436,7o9
2,759,090
453.699
719,875
497,349
119,928
409,244
132,030
82,333
104.238
409.043
37.913
313,390
58,199
86,010
88,105
12,702
21,905
421,4t4
16,506
Marq. Houghton it Out..
Memphis & Charleston..
63,4 43
337,5 40
2 46,53'.
3,274.879
57,775
31 '8,104
5,668
19.382
210.061
36,474
Rochester it Pittsburg
St.L.A.itT. H. main line.
Do
do (branches).
Sf. Louis »t Cairo*
St. L. Fr. Scott it Wioh..
St. Louis its. Francisco
St. Paul it Duluth
St. Paul Minn, it Man...
Total (52 t
oads)
118,715
539,58 l
42,358
16,114
...
8,732
36,093
5,100
633.805
942
50.022
35,919
18,435
75,200
395.500
106,209
7,802
437.950
*
ii.137
...
3,232.118
..
647.166
43.937
85,974
4,659,974
4,76 4.309
Louisville «t Nashville..
Milw. L.Shore it West’ll.
Milwaukee it Northern.
Mobile it Ohio.
Norfolk it Western
f
Shenandoah Valiev
Northern Pacific
Ohio Central*
Peoria Dec.it Evansvilh
Richmond it Danville...
4,141
90,60'
5J,2o5
390,716
594,899
269,080
8 \300
3,910.734
Ft. Worth & Denver....
Grand Tr. of Canadat...
Green Bay Win. & St. P.
Gulf Col. <t Santa Fe
III. Cent.(Ii!. lino & So.D)
Do
(la. leased lines.
Indiana Bloom. & West.
Kan. City Ft. S. it Gulf*.
Little Rock it Ft. Smith.
Little Rk. M. R. it Tex..
In amount of increase New
Central Southern line delivered
:
-
Des Moines t Ft.Dodge'
Detroit Lansing it No...
Evansv. it T. Haute
Flint it Pero Marquette.
.
Here
•
West. Nor. Carolina...
'
$
63d, 176
128.5S5
Florida R’y it Nav. Co..
RECEIPTS OF COTTON AT
Galveston
Burl. Cedar Rap. & No..
Canadian Pacific
Central Iowa
Central Pacific
...
42,761
100,355
18,360
569 301
594,990
14-5,765
56,504
24,974
1,936,000
21 3,0)2
3 89,288
938.9 14
92,179
231,472
1,3 31,258
654.74.’*
203.085
9.357
33.25*
5 o; 9
1 8,00 '
371. .25
201,147
54.8 12
1.12.192
303,952
22,527
216.4 9
71.7 1.5
41.383
15.262
80,8 >9
806 2s3
19S 692
651.494
170.439
1 .On * .9-0
1-50,980
933,905,
73.8 14
74,273
,
202,47 8
1,556,53
4
4 4.274.128
4
29,717
157, H 9
••••••»«
•••••••«
16,933
220. l S3
1.01)9,18.»
17.(560
52.655
4,027,721
l,815.c4o7 2,199.033
3
••3,596
Includes three weeks on'y of March ill each year,
t IT.mi January 1 to -March 2.>.
"
Iii net
earnings (which are to hand for February), there
appears to be no uniform tendency either up or down.
Most of the roads reporting show improvement, though
there are prominent exceptions where the reverie is the
case, usually, however, because of some special circum¬
stance or circumstances.
To this class belong the Phila¬
delphia & R*ading, the Pennsylvania, the Northern
Central, the Louisville & Nashville, and the Union
On the other hand, the Burlington & Quincy
Pacific,
an
has
excellent exhibit, while the Erie, the Bur
lington Cedar Rapids & Northern, the Flint & Pore
Marquette, the Atchison Topeka & Santa Fe (for
January), the New York & New England, together
of the
Southern roads (barring
only Louisville & Nashville, the reasons for whose decrease
we
gave last week) all record better results than a year
with
every
one
X':,
April
THE CHRONICLE.
12,” 1884.]
[From
The following table embraces all roads from which
jgo.
oar own
oorresponaeni.J
London, Saturday, March 29, 188 L
be obtained for publication.
returns can
446
No
change has been made by the directors of the Bank of
OltOSS AND NET EARNINGS TO LATEST DATES.
England in their rates of discount this week, and consequently
j
Februai'y.
Gross
1 Operating'
Jan. 1 to Feb. 29
1
Net
Gross
Net
|
Earnings.'Expenses. Earnings. Earnings. Earnings.
5
‘"'fgfid
1883
Chicago
18t4
1863
De»
187.001
• •
Burl & Quincy—
1
1,(511, on
i
i
1884
1883
27,215
21,573
!
gflstTenn. Va. X Georgia—
I
Pere Marquette
^884
-
£
Canada—
Louisville A Naaiivile—
St. Louis—
1,190,394
1,283,010
1884
1883
northern Central—
1884
1883
Oregon & California—
1884
1883
Penn, tall lines east ot Pittsburg & Erie)—
S.959
53.099
10.130
4,134;
41,591
5,427
114,793 !
630,270
035,703
i
(
90,344
!
397,487
392,651
174,214
1,258.173
1,019,816
238,221
233,800
3,063,0*15
2,808,485
323,994
538,377
237,711
39.354
213,159
244,4451 de:.0,734
225,357
191,343
137.349
110,540
5 *,503
55.200
40,812
49,380
278,937
119,070
357,153
129.712!
01,997
50,844
11,153
1.2)50 940
889.450
1,453,802
827,707
106,004
438,377
171,381
391,832
152,883
808.459
9*0.118
250,408
287.931
137.191
1,121.579
1,330,094
2 290,715
7,000 900
7,041.572
2,807.752
1
347.490
0 30,095
474,207
765.402
18*4
1883
720,345
139,790
2.375.521
2.730,0 9
3,032,037
924,465
1,301,438
1
1,401,153
409,292
,
291,135
”
Phlla.ifc Read. Coal * Iron—
i883
....
Utah Central—
West Jersey—
1884....'.
1883..
.
1,874,538
3,980
75,483
52.029
22 801
150.716
47.091
98.880
45,132
53,748
198,001
102,374
07,180
41.480
42.031
25.700
20.005
130.480
123.876
02.050
*
M
50.000
41.579
Jan. 1 to Mch. 31.
March.
Name.
df.0.479
*
.
1884
1883
1.931,i99 df.lS2.443
df.90.777
1,047.550
919.333
95(5,779
923.319
1884
Net
Net
Gross
1
Gross
Operating!
Earnings Expenses. Earnings. Earnings. Earnings
*e
*
Mobile & Ohio—
1884
1883
125,000
130,383
188.899
184.844
!
*
1
f
63.899
154.534
5)9,584
509,301
48,461
152,150
Name.
Gross
Operating!
Net
Net
Gross
j
Earnings Expenses. Eaniings Earnings Earnings
Atch,Top;ka& Santa Vet
j
*
$
-
*
1.2*4
S
1
1. If 2.348;
410,075
l,005,7d4i
1
280,021
251,070,
r0
5(59,06 4
049,719
1.172.34*
1,005,791
1884
1883
1
Chesapeake & Ohio—
1884
1883
289.021
251,970
215,011
211.715
05.010
40.253
47.388
47.893
43.882
45.908
3 5 )0
4 7,3-5.3
1,985
47,803
1,5:38,903
1 1,91 >.8 34
1,3)5.304
1.019,122
233,514
1,518.903
1,910.154
i
Kllzab. Lex. & Big Sandy—
18-4
1883
Dnlon Pacific—
18*4
1883
per cent of earnings
the New York l’ennsv lvania & Ohio Railroad.
•Including in 1BS4 63
897.732
f
0^3.284
416.075
05 O'O
40.253
1
3.590
1.985
1
231,514
897,732
and entire working expenses cf
INotem racing op‘rations of Central of New Jersey.
t Including Southern Kansas in both years.
|^auctitvuji<EammevctaX15uoItsIxHcuyB
RATES OF EXCHANGE AT LONDON AND ON LONDON
AT LATEST DATES.
EXCHANGE ON LONDON.
1XOHANGE AT LONDON—Mar. 28'
Amsterdam
Latest
Date.
Rate.
Time.
Amsterdam
Time.
.
Hamburg..
Short.
3
11108.
L21h3 ®12-2L3
12 4fs
0 20 08
20-04
20 0 4
*-J008
ii
20*.4 ®20*lJS
Frankfort...
it
Vienna
12*27
at 12*3 2H
a
25-45
<£25*50
Antwerp..
Paris
* 25 •4 5
Checks 25*40
Paris
3 mos. 25'224*2 0)25-27 8=
4*
8t. Petersb’g
23 % «/24
Berlin
i 4
Genoa;.,
a
Madrid
Cadiz
a
<4
Lisbon
Alexandria..
44
.
Constant’pie
New York...
necessary.
quotations will be
an
early reduction
Gold is still arriving in
moderate
quantities from New York, and Abe movement is
expected to continue, though not upon any extensive scale. It
is, nevertheless, certain that the accumulation at the Bank of
England, already considerable, will be unchecked, and as the
trade of the country is very restricted, it is difficult to sea how
any
A
great demand for
more
arise.
money can
hopeful view is, however, being taken of the future;
but it is not
expected that there will be
any
substantial im¬
provement until the autumn trade sets in. For some weeks to
come, therefore, inactivity will be a prominent feature both in
commercial and financial circles, and yet there is no reason for
believing in any great depresnon. Tiie low rates of discount,
the cheapness of mist descriptions of food and the favorable
weather for the growing crops are exercising some beneficial
influence; and if, as we are led to hope, there will be no more
fighting in the Soudan, the position of affairs may become
more satisfactory.
It has happened for some time past that
when matters assume a brighter phase a check is given to im¬
provement by the announcement of another failure.
No
serious difficulties have been announced during the week just
closed, and if we keep free of them for awhilevfair progress
towards restoration will be made.
This week's^ Bank return is a satisfactory one, when it is
borne in mind that it is a quarterly return.
The note circula¬
tion has been
augmented by £330,770, but there is an increase
£237,991, s e that the falling off in the total reserve is not
more than £397,770. making its proportion to the liabilities of
the establishment 47T6 per cent, against 47-0t per cent last
week and 38*2o per cent last year. The supply of bullion
amounts to £33,430,42’), against £32,318,873, while the reserve
of notes and coin is £16,531,499, against £12,963,313 in 1833.
The Treasury balance is now £12,450,235, contrasting with
of
£10,845,963 in 1883.
On deni
Bombav
CO days
Calcutta..
Hong Kong..
Shanghai....
..
•
4
....
I Mar. 28 Short.
4
•
i\
'*4(i'hs
Mur.
28 Short.
War.
Mar.
Mar.
Mar.
28
2*
28
120.)
18.
Is.
7 x2 t.
favorable
one.
Throughout the week short loans have been much wanted,
one perio 1 t ie rate charged was
per cent, but it is
3
now
per cent.
Bills were held back in the discount market
early in the week in anticip ition of a reduction in the Bank
rate; but when it was announced that the directors of the
Bank of England had decide ! upon m iking no change, more
and at
bills
came
forward and the best three months’
Mar.
44
20 47
12-15
25-20
44
28
28 Checks
....
,
Mar.
28
3
mo*.
....
Mar.
28
3
mos.
......
2:q
......
47-20
3 inns.2* Cab es.
28
28
28
27 4
27
»•
Interest allowed
Open market rates.
Bulk Hills.
L'rPdem
|
A!
•
44
11103.
4*
s
Four
Three
4-9‘>
Is.
IS.
3s.
5s.
719.(2'l.
79p,U.
O^l.
j
Six
Three
j Four j Months
Six
Months Months Months Months Months
3b? 3 5-10
34 343 Mar. 7 3 4
14 .3
Vi < 42 v*® —
21 3
“
28 3
243 Feb. 22
•*
deposits by
Trade Hills.
Joint
29
**
“
343
-
34*
3}.'r$
—
3
34^4
!3h'<oiq
314434 34^35-4 3H34
*¥6 'U - 344 - 34-i3K 3444 183*34*
2X92% 20443 3 (as;43 v334 3444
2>44 - 34 3 - 2-H 13 2H *314 3 (91
243 - 2*54242433 204 43;4 3 @4
844
-
—
Stock
Disc't H'sen
It
Banks. 0,01.
7 to 14
Days.
2
24 2«-3
24 2*4-3
24 2* 3
2
24-24
2
2
2
2
24
24
24
24-24
24-24
showing the present position of the
England, the Bank rate of discount, the price of
consols, the average quotation for English wheat, the price of
middling upland cotton, of No. 40 mule twist, fair 2d quality,
and the Clearing House return for the past week, compared
Annexed is
109-87
taken at
previous five weeks:
-
25 23
....
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
were
2}4 per cent.
The following are the quotations for money and the interest
allowed by the discount houses to-day and same day of the
20-50
20-40LJ
»>i8 *40 4
lqla
a
Rate.
“
44
521jb*5-S16
4813]6*3>
and is
....
25*4*% *25-53%
40l
regarding the active demand for money,
During the last
three weeks “other securities” at the Bank of England have
been reduced to the extent of rather more than £3,500,000,
and the total is now £24,451,807, agiinst £35,910,333 in 1833,
showing a diminution of about £1,500,000. The public have
therefore reduced their debts to the Bank considerably of late,
and this may very naturally have caused more demvad for
loan money in the open market.
The feature is important
but statistics do not confirm ,the assertion.
for
j
.
for believing that
in the
Much is said here
Ja?i. 1 to Jan.. 31.
January.
On—
there is still every reason
005.746
•
9.415
114,611
88,710 df. 19,080
3,JC5
480,805
117,781
121,518
$
499,278
60,978
483,o92 df. 35,840
def.2,5<4 !
quotation remains at 3 per cent. As this is the
closing week of the quarter a change was not expected, but
£
520.212
50 :,713
$
88,008
74,999
393.013
2.302,154
Central of New Jersey—
355.133
£
91,274
88,927
3,712,215
1884
1883
32.077
£
70.390
39,802
112,507
76,833
119,221
105,330
3 424.733
Philadelphia & Reading t—
3*0,381
*
Dii'dUO
1884..
1883
5*.322
2,133,512
252,513
Bbenandoah Vmlcy—
j
2.054.748
195,2(53
"1883
5. Y. Lake Erie & West.*—
1884
1888
If. Y. & New England—
1884
1883
Norfolk & Wesiern—
1884
1883
722,723: 3,230.701
3< 2.314
210.495
1884
09,982
1,593,0*0
1,530,120
322.890
,
1,014,807
Ngahv. Chart. X
j
.131,207
132,277
£
203.552
209.902
*
713.127
091,917
1.015.481:
1884
1883
384,404
3,019 233
17,439
205,590
222,178
273,942
259,704
$
i
1883
42,245
1
189,580
104,954
1888
Grand Trunk of
”"1884
*
i
111.829
38.25C
|
312,522
FUDt"&
'
*
415.827
958,106
!
320,391
1884
jggy
1
'
1,012,847
888,29a ,
1.971.013
Moines X Ft. Do;ge—
*
54,071
$
147,283
144,750
$
201.904
X North.—
Burl. Cedar Rap.
the minimum
a
statement
Bank of
with
previous
years :
THE CHRONICLE.
446
1881.
£
Circulation
Public deposits ....
Other deposits
Governm’t securities.
Other securities
Bes’ve of notes & coin
Coin and bullion in
both departments..
Proportion of reserve
to liabilities
Bant rate
Consols
24,648,935
1883.
1882.
1881.
£
£
£
12,450,236
2-,569.025
25.103,530
10,815.936
22,865,747
1*2,453,063
21,45 4,897
13,301.623
25,910.332
25,835,335
10,791,721
16,581,490
12,965,343
25,166,110
10,074,368
24,042,840
13,396,649
24,617,458
14,666,854
25,430,425
22,318,873 24,032,964
27,357,848
47*15
3 p. c.
Bn#. wheat, av. price
Mid. Upland cotton..
33*4
4234
3 p. c.
3 p. c.
102*6
102*3
37s. 7d.
42s. 4d.
25.204.627
15.36 2,908
22.092,435
17,022,513
47
3 p. c
1013*
100*4
44s. 5d.
43s. Id
Gd.
Is.
6% I.
5%i.
5>d.
94jd.
lOUul.
9%d.
Clearing-House ret’n. 101,630,000 *72,507,000 100,057,000
No. 40 mule twist—
93,178,000
[vol. xxsvm.
The
following quantities of wheat, flour and Indian cdrn
Kingdom, Baltic
supplies not being included :
estimated to be afloat to the United
are
At present.
qrs.1,760.000
Wheat
Flour
Indian
Lastwcelc.
1,691,000
275,OoO
140,000
269.000
246,000
corn
Last year.
2,378.000
224,000
laa*
2 543
mn
024ISX
193,*000
130,000
The
following statement shows the extent of the sales of home¬
wheat, barley and oats in the 187 principal markets of
England and Wales, together with the average prices realized
during the first 30 weeks of the season, compared with 150
markets in the corresponding period of the tliree
previous
grown
seasons :
*
Holidays.
The Bank rate of discount and open
ohief Continental cities now and for the
have been
as
SALES.
market rate3 at the
previous three weeks
follows:
1333-84.
Wheat
qra.
Barley
1,850,2 41
2,369,3*29
391,183
Oats
1882-83.
1881-82.
1,492,654
1,331,593
1,329.706
1880-R1
1.128 321
1,5 3 7,74 4
193,850
1,330,u04
1,584,062
140,555
AVERAGE PRICES.
Mch.
Rates
27.
Mch
20.
1883-84.
d.
8.
Mch. 6.
Mch. 13.
of
Interest at
Bank
Open
Bank
Open
Bank
Open
Bank
Open
Rate.
Market
Rate.
Market
Rate.
Market
Rate.
Market
3
2%
4
2
Paris
3
2H
3
2\k
3
Berlin
4
3
4
3
4
3
Shi
2%
3
2%
2U
SH
2%
3H
2H
2’t
2H
2]£
3*
3U
3%
3*4
5
5
5
5
6
5
5
5
Vienna
4
S>6
4
8%
4
3l£
4
33^
Ft. Petersburg..
6
«
e
6
0
e
6
0
3
Frankfort
Hamburg
2H
—
Amsterdam
8A
Brussels
Madrid
—
r
—
2H
2Vs
3M
—
3%
In reference to the state of the bullion market
during the
Wheat
Barley
Oats
19
O
21
20 10
quotation.
The Parramatta takes £75,115 to China and the
The
are
Price of Gold.
Mch. 27.
reported
as
follows:
!
Price
Mch. 20.
Mch. 27
Mch. 20.
<L
a.
3
by 4»s. This proportion between the 187 markets and the totals for the
kingdom is adopted by the London grain trade and is accepted by it u
producing a result approximately correct.
The
following return shows the extent of the imports of
produce, into the United Kingdom during the first 30
of the season, &c.:
IMPORTS.
1383-8 4.
1832-83.
1881-8.2.
Wheat
cwt. 31,165,478
36,695.556
36,001,333
Barley
10,448,293
10,750,029
6,920,2.85
1,012,709
1,470,500
1,527,374
8,613,850
8,422.134
1,299,‘230
Oats
Peas
Beans
Indian
corn
Flour
8,478/113
1880-81.
32,708,772
7,826,392
5,113,905
5,367,739
1,04 6.000
1,39*2,105
1.013,5 73
1,308,524
12,532,736 18,031,889
5,099,103
7,513,931
1,497,765
9,979,144
10,096,473
SUPPLIES AVAILABLE FOR HOME CONSUMPTION—THIRTY' WEEKS.
1882 83.
1883-84.
Imports of wheat, cwt.31,165,178
imports of Hour
8,048,850
Sales of home-grown
...20,525,710
produce
66,340,038
wheat for season.qrs.
39s. 5d.
Visible supply of wheat
in the U S
bush.30,225,000
1880-81.
1831-82.
-
36,695.536
10,096,473
36,001.88.3 32,708,772
5,0^9,163
7,513,931
25.872,670 23,048,300 19,587,590
72,664,679
Av’ge price of English
of Silver.
l
1883-84.
1882-83.
1881-82.
1880-81.
cwt.20,525,710
25,372,670
23.048,300
19,587,590
Tills aggregate is arrived at by multiplying the sales in the 187
mar Rets above by 3L*, and that result is reduced to-owt. by multiplying it
Total
quotations for bullion
*
6
2
$'
-42
33
21
-
Wheat
l'lio Bank of England has received of this amount
Straits.
7
Converting quarters of wheat into hundred-weights, the
totals for the whole kingdom.are estimated as follows :
weeks
nearest
O
1830-81*
d.
46
33
.£115,000 from New York, and
rise in the value of money in the East; the banks have therefore
experienced some dillic <lty in getting remittances home, and are to a
certain ext< nt out ot the market for a, timg. The arrivals, which have
been of some importance, comprise, £ >0,000 from Vaipa-aiso; £3 -,000
from New Yot k ; £8 4,720 from Hiver Plate ; total, £147,720
l'lie La
Plata takes £28,730 to Brazil, and tho 1*. & O. steamers £103,609 to
India.
Mexican Dollars.—The only arrival to report is £12,670 from New
York, which were sold at 49 %d. and this price we repeat to-day as the
s.
41 3
33 10
Gold.—Since our last, the arrivals of
and the totals received are as follows:
£3,669 from Bi a/.il.
1831-82.
d.
5
7
past week Messrs. Pixley & Abell remark:
£61,0; 0, on i lias ha I •£!<>,< oo withdrawn for Buenos Ayres. The P. &
O. steamer Australia lias taken £ 95.000 in bars ro Lidia.
Silver.—A further decline hataken place in the price of liars since
our last, and the nea> < sr quotation we can give to-day is
per oz.
The orders for India have not been so large as expected, owing to the
s.
39
32
perqr.
cereal
gold have been more moderate
1832-83.
64,149,346
59,810,293
41s. 3d.
4Gs. 7d.
42s. 6d.
23,200,000
22,000,000
24,400,000
2,580,000
2,845,000
Supply of wheat and
flour afloat to U. K.
(1.
9.
Bar gold, fine—os.
77
9
s.
d.
77
9
|
Bar gold, contain’g
20 dwts. silver..oz.
50}*
50 15-1(5
ing 5 grs. gold..oz.
Cake silver ...oz.
51
51
Mexican dols...oz.
4934
54; s
49%
Bar silver. flne..oz.
Bar silver,contain¬
77
Span, doubloons.oz.
10'^
73
95-2
S.Am.doubloons.oz.
73
U.8. gold coin...oz.
Ger. gold coin.. .oz.
70
8’-i
3%
i
77 10%
73
9*4 i
73 8% 1
76
33*13 ;
Chilian dols
Vh
54 h
5 10
1,966,000
quarters
Exports of wheat and flour in six months (September to
February, inclusive):
Wheat
Flour
cwt.
Baring & Co. have issued the prospectus of a loan of
£1,683,100 in bonds, bearing 5 per cent per annum, of the
Argentine Republic. The price of issue is S PA per £100 bond?
and the proceeds are to be applied to purchasing 60,000 shares
Agents of the Colonies invite tenders for
£1,130,200 Natal Government 5 per cents. The minimum
price of issue is 98.
Tenders were received early in the week for £154,000
Western Australia Government 4 per cents. The total amount
applied for was £257,500, tenders at and above £97 Is. Od.
receiving in full, and those at £97 Is. about 83 per cent. Tlie
loan realized an average price of £97 5s.
The Anglo-Servian Bank, with a capital of £1,000,000, is
announced; also the Consolidated Land & Cattle (Limited),
with a capital of £750,000, to purchase several cattle ranches
in Texas ; Land & Loan Company of New Zealand, capital
£1,000,000, as well as a few minor undertakings.
The weather during the past week has been much colder.
Scarcely any rain has fallen, and agricultural work lias made
good progress. The statistical position is again rather more
favorable to holders, but millers only buy from hand-to-mouth,
and occasionally at lower prices. The panic at Chicago and
the decline in values at New York has not had much influence
310,390
34,157
English Iflarkct Reports—Per Cable.
The daily closing quotation for securities, &c., at
and for breadstuffs and provisions at Liverpool, are
by cable
as
London.
Sat.
d.
Silver, per oz
Consols for money
Consols for account
Fr’ch rentes (in Paris) fr.
U. 8. 4*08 of 1891
U. 8. 4s of 1907
Canadian Pacific
Chic. Mil. & St. Paul....
7
o«
9Holiday
Illinois Central..
Sat.
8.
State)..100 lb.
Wheat, No. 1, wh.
44
8pring, No. 2...
44
Winter, South, n
Winter, West., n
14
“
Cal., No. 1
Cal., No. 2
Corn, mix., old...
44
44
44
44
mix., now..
Pork, West, mess.. $ bbl.
50*c
50*2
76*72*2 76-85
1157,,
11570
126*s
126*4
5330
53*3
88
•
11
S
7
9
8
7
7
5
4
68
Bacon, long clear, now.. 43
Beef. pr. mess, new,$to. ;8S
Lard, prime West. $ cwt. 43
69
'Iheese.Ain. choice
d.
6
7
7
8
0
11
4
0
88
213t
"2158
131*2
13 A
'*8
27*a
11639
New York Central
Flour (ex.
Tues.
61
Pennsylvania
Philadelphia & Heading.
Liverpool.
Mon.
102510 102*4
1027, * .10238
Erie, common stock
A>rn,
London,
reported
follows for the week ending April 11:
of the National Bank.
Crown
1881-2.
1582-3.
314,251
88,222
oz.
Messrs.
The
1883-4.
311,157
51,286
M07l.
s.
d.
11 6
8 7
7 7
9 8
8 0
7 11
7
4
4 11*3
9*3 4 9
0
68 0
0
43 0
0
S3 0
42 9
0
0 169 0
6130
27%
fllC%
Wed.
Thurs.
50%
50%
102*2
102*2
l< 2%
102%
76-72*2 77-00
115%
115%
126%
52*2
126
88%
22*8
88
132
61%
27%
11 (5 %
Tues.
Wed.
s.
d.
11 3
8 7
7 6 9 8
7 10
7 11
7 3
4 11*2
4 9*2
68 0
43
0
38 0
42 6
69 0
11 3
8 7
7 6
9 8
7 10
7 11
7 3
4 1 1*2
4 9%
63 0
42
6
83 042
6
69 0 •
f.
d.
53*4
Fri.
1
V
A
o
21%
-
a
13l3i
61%
27%
116-4
Thurs.
8.
d.
11 3
8 7
7 6
9 8
7 10
7 11
7 3
5 O
4 10
63 0
43 0
*»7 0
43
6
69 0
Fri.
#-
*
J
C3
o
a
*
§
here.
They have, however, confirmed the millers in their
policy of only buying to supply actual wants, and it is not
expected that there will be much variation in the immediate
future.
A trade calculation states that the stock of wheat in
London has been reduced since the commencement of the year
by 340,000 quarters.
(Summer cial autl I#ttsccUaucaus
Steins
Imports and Exports for the Week.—The imports of last
week, compared with those of the preceding week, show an
increase in both dry goods and general merchandise. The
total imports were $9,394,712, against $8,711,264 the pre-
pfeiL 12.
the week ended Aprils amounted to $5,463,202, against
securities:
,r|4 688,427 last week and $5,202,396 two weeks previous. The
Tpfiowing are the imports at New York for the week ending
(for dry goods) April 3, and for the week ending (for general
merchandise) April 4; also totals since the beginning of first
Buffalo New York Sc Philadelphia Railroad Company—Au additional
$1,- 35,030 of the general mortgage 0 percent bonds, dated January,
1884, and due March 1, 192 4.
Central Iowa Railway Company—First mortgage 6 per cent bonds of
tile Illinois Division, dated December 15, 1SS2, and due April 1, 1912,
week in January:
$ 1,52'',000.
FOREIGN IMPORTS AT NEW YORK.
At-bison
1881.
1882.
Drygoods......
Gen’lmerMiae..
$1,905,907
$2,822,54 4
8,728,920
$2,400,051
5,893,934
$2,358,983
4,013.380
Total
Since Jan. 1.
$5,919,287
$11,551,470
$8,293,985
$9,314,712
$30,093,720
$43,350,739
7 <.830,933
93,837.117
$41,804,454
85,664,381
$38,075,125
85,804.133
1883.
report of the dry goods trade will be found tlie im¬
ports of dry goods for one week later.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending April 8, 1884, and from January i to date:
In our
EXPORTS FROM NEW YORK FOR THE WEEK.
1884.
1883.
1882.
$7,103,237
99.983,087
$6,101,401
$7,501,821
82,720,830
91,833,210
$5,403,202
74,839,301
Itotal 14 weeks. $107,140,924
$83,838,231
$99,335,037
$80,302,023
For the week...
Prev. reported..
The following table shows the exports and imports of specie
at the port of New York for the week ending April 5, and
since January 1, 1884, and for the corresponding periods in
1883 and 1882:
EXPORTS AND IMPORTS OP 8PECIE
AT NEW YORK.
Exports.
Great Britain
......
France
Germany
West Indies
Week.
Since Jan. 1.
$2,446 972 $14,328,942
-
Since Jctn.l.
$
$
202.500
405.500
2 SO,928
1,433,940
2,750
108,891
95,507
4, <00
214,437
4,820
08,135
301,5-2
3 d*)i3d‘i
31,583
050
*
‘Total 1884
Total 1883
Total 1882
$3,241,922 $16,810,712
$7,570
$333,243
90,250
10,071,498
780.910
4,135,049
14,077
410,310
781,500
$94,000
$3,087,254
France
2 4,232
Germany
31,080
259,7 95
32,078
West Inaies
Mexico
8oath America
All other countries.
Total 1884
Total 1883
Total 1882
-
Union Pacific Railway Company—An additional $3,090,000 of col¬
lateral trust 5 per cent bonds, dated April 2,1S83, and due December
1, 1907.
Oregon Short. Line Rail way Company—An additional $2,300,000 of its
liret mortgage G per edit bonds, dated November 1, 1881, and due Feb¬
ruary 1, 1922.
Bankers’ & Merchants’ Telegraph Company—An additional 10,000
shares of capital stock of the par value of $100 per share—$1,000,000
—to be a good delivery on and after April 21.
North Pennsylvania.—Notice is
the holders of the first mortgage
given by Drexel & Co. to
bonds of this company,
maturing January 1, 1885, that they offer to the holders of
said maturing bonds to exchange, taking the same at par and
interest for the general mortgage sevens at 125 and interest.
Richmond Fredericksburg & Potomac.—The Supreme
Court of Appeals of Virginia has rendered a decision in suits
brought by the stockholders of the guaranteed stock against
the Richmond Fredericksburg & Potomac Railroad Company,
demanding the issue to them of dividend obligations of like
character as those issued to the holders of the common stock,
under the provisions of the contract under which the guaran¬
teed stock was created.
After a full argument the Circuit
Court dismissed these suits.
The Supreme Court has reversed
sustaining fully the claims of
guaranteed stockholders. The amount involved is about
$375,000, of which $350,000 is dividend obligations and the
remainder in money.
Texas & Pacific.—Judge Wallace,
Circuit Court, rendered a decision in the
the Texas & Pacific Railroad Company,
of the defendant’s answer as irrelevant.
in the United States
case of Marlor against
striking out a portion
The Texas & Pacific
Company claimed that if it made earnings insufficient to meet
its obligations on land grant bonds, holders of bonds had no
redress, but payment of interest was postponed until the com¬
pany made such earnings. This plea Judge Wallace overruled,
and held that the bond
was
not
an
income bond, but
one
for
absolute payment of money;
Silver.
Great Britain
they may mature.
the
Mexico
8<wth America
All other countries.
Cleveland Columbus Cincinnati & Indianapolis Railway Company—
General consolidation mortgage 6 percent gold bond , dated January 1,
1KSI. and du>* January 1, 1934, $4,500,000. Tin to at author.zed issue
is $i 2,000,000, but $7,500,000 are reserved to retire prior lien bonds as
the decision of the lower court,
Imports.
Gold.
Week.
Topeka & Santa Fe Railroad Comp mv—An additional
mortgage G per cent bonds, dated Dee. 1, Is81, and
due December, 1911.
7,035,729
Total 14 weeks. $114,929,709 $137,217,856 $127,468,835 $124,569,258
1881.
$S4S,000of
1884.
For Week.
Drygoods......
Gen’l mer’dise..
447
New York Stock Exchange.—The Governors of the Stock
Exchange have admitted to dealings at the board the following
and $12,583,543 two weeks previous. The exports
ceding week
'for
THE CHRONICLE.
1881.]
33,080
.
.
$1,068
19,249
1,300
141,065
42,501
11,842
41,595
4,150
$
37.052
3 80,707
1,012,254
55 105
78,912
10,490
$186,542
$4,200,548
$56,203
383.224
144,000
4,759,585
3,342,757
151,411
$1,302,092
1,050,207
007,859
lo,712
cise its
cash.
option to
pay
and if the company did not exer¬
in scrip, it was bound to pay interest in
Virginia State Ronds.—The total amount of Virginia State
surrendered to be funded under the Riddleberger bill to date is $3,513,929. The issue in lieu of the same
is 3 per cent bonds, $2,208,818; West Virginia interest certifi¬
bonds and coupons
cates, $294,751, and do. non-interest certificates, $193,671; dis¬
count
on
Virginia’s portion, $816,688.
Wabash St. Louis & Pacific.—The Wabash mortgage of
Of the above imports for the week in 1884,
American gold coin and $11,843 American silver
$3,176 were $10,000,000, which the Chicago papers report being filed in
coin. Of the counties in Illinois in favor of the Iron Mountain Railroad, is
exports during the same time $989,532 were American gold said by Mr. Solon Humphreys to be the old mortgage authorcoin and $4,159 American silver coin.
zed by stockholders some months ago.
West rn Union Telegraph Company.—In reply to a
^Bankers’
A Merchants' Teleg raph Company.—The applica¬
tion of tills company to the New York Stock Exchange con¬ Herald reporter, a director of the Equitable Life Assurance
tains the following : “ Referring to the notice of this company Society said : “This society purchased of the Western Union
of its intention to issue $1,000,000 additional of its capital Telegraph Company, last month, $1,000,000 of the bonds bear¬
stock, I respectfully apply"through your committee to the ing 7 per cent interest, being the remaining portion of the issue
of $6,000,000 authorized by the stockholders of that company
Governing Committee of the New York Stock Exchange to
have such stock declared a good delivery when issued. The on the 14th of October, 1874.”
—Attention is called to the advertisement of farm mort¬
stock is to be sold pro rata to stockholders at par in cash.
The authorized capital of the B. & M. Tel. Co. is $10,030,000.
gage's bearing 7 to 8 per cent interest, which will be found on the
Amount of stock already issued
[$2,000,000 sixth page of the Chronicle (opposite the editorial page).
Bonded debt—
The Corbin Banking Company offers these mortgages to in¬
1st—Divisional mort., New York to Washington. $300,000
vestors, and after an experience of thirty-three years in the
2d.—Amount issued under m<>rt for $10,00 j.000,
.
business, including the time in which Mr. Corbin acted indi¬
vidually. they are recommended with great confidence as a
other companies
1,500,000— 1,800,000 safe and ‘ profitable investment.
The percentage of losses
from defaults and foreclosures is near a minimum, and the
Total stock and bonds
$3,800,000
rates of interest are so good that the inducement to purchase
Total annual liability under city and other leases, and including
these mortgages for investment seems to be great.
minority interests in sub companies, $14,910.
The adver¬
Of the unissued $8.50 ),C.O * under the $10,000,000 mort., $7,000,000
tisement on another page, and the complete circulars and
are to tie deposited in tru-a with the Farmers’ Loan <fc Trust Co., to be
pamphlets of the company, furnished on application, give all
withdrawn oalv as lines of the company are extended, and at a rate
covering ail the property of the company, in¬
cluding stock and control of telegraph and
$75 nm-mile of wire of such extensions. Provided that,
for purposes of negotiation bonds may be withdrawn upon deposit of
par in cash, such cash to be held in place of bonds so withdrawn and
under same conditions of trust.
not to exceed
Pole.
,
2.500
Wire.
20,035
3,420
20,500
25,000
5,9S0
Telegraph Co.” organiz¬
through control of stock (less than 10 per cent
41 jo3d
Held uuder “ American Rapid
ation
! 2,431
held outside)
:
The “ Rapid” is subject’to a mortgage of $3,00 ">,000.
Held under “Southern Telegraph Co.” organization
through control of stock (less than 20 per cent held
14,009
3,G5G
outside)
The “ Southern” is subject to an issue of *1,175,000i
bonds (under its authorized $2,500,030 mort).
0,312
10,117
91,847
the facts desired.
—Attention is called to the card of Mr. W. F. Stafford in our
issue of this week.
Mr. Stafford is a member of the New
York Stock Exchange and a gentleman of experience in finan¬
cial circles, being the son of W. B. Stafford, President of
the North River Savings Bank.
This house deals in all securi¬
ties, either on commission, cash or margin, dealt in at the
New York Stock Exchange.
Auction Sales.—The following, seldom or never sold at the
Stock Exchange, were sold at auction this week by Messrs.
Adrian II. Muller & Son:
Sh ares.
590 Cornell Lead Company ..109
70 Merchants’ K'cch’mro Bk. 9Lr,a
10 Cunt.Patk N.& IS. Riv.RllllO 'a
10 23d Street Railway Co... 175
25N. Y Mutual Gaslight Co,123k:
Bonds.
$1,500 Indianapolis Sc Cincin¬
nati HR.
7s, duo 1*88
I057a
$5,000 City of New York 7s,
117I8
Improve due 1889
$3,0 )0 N.Y. Mut. Gaslight Co.
1st M, 7s, duo 1902.103
int
,
448
THE
CHRONICLE.
'^Ixe bankers' U&asette.
HI V I IIKN ns.
The following dividends have recently been announced
Per
Name of Company.
Whe, u
Cent.
Itxllroads.
Balt «fe 01 io(M7in S;eni)...
Do
(Washington Bi’iii'li)
Geers*ia PR. & Bug. Co. (<jnar )...
Oregon HV A Nnv. Co (i|uur )
Pa 1/0
5
May
5
April 17
$2 no April
113
May
..
miscellaneous.
Union Trust O. (qu.u.i
*KW
York,
2 hi
FltlUAV,
April 11.
Prime bankers’sterling
Prime commercial
:
(Days inclusive.)
16 April 26 to May 15
10
)
April 2 to April 14
ipril 22 to May 1
It,
1MS-L-4
P.
Money Market and Financial Situation.—Some
of the effects of the recent large decline in prices of grain and
provisions, and also to some extent in railway stocks, are be¬
ginning to show themselves in an increase of failures, which
are directly traceable to these causes.
Two small national
banks,
one
in Vermont and
one
private banking firms
in Illinois, besides several
have
suspended
within
the
last week, as the result of speculation by the managers of the
concerns.
Several packing and provision firms have also tailed
in various parts of the country.
The significance of these
failures is not in the amount of liabilities involved in any one
case, but rather in the general causes first mentioned, which
have produced them.
The break of t^e speculation in food products, however, is
sure to prove beneficial in the
end, whatever the immediate
effects may be. The decline in wheat,
corning coincidently
with a heavy reduction in the tariff rates by the
railroads, has
started a very liberal movement of that cereal eastward, as
be
seen from the
wheat from Chicago,
Cleveland and Peoria,
fact that whereas the total shi pments of
St. Louis, Milwaukee, Detroit, Toledo,
in the week ending March 8, were only
296.489 bushels, and for the week to March 15 only 409,266
bushels, they had increased to 1,419,891 bushels in the week
ending April 5. The tonnage of grain and provisions freights
shipped by the eastward trunk lines out of Chicago, in the
week ending April 5, reached the unprecedented
figure of
90,756 tons, against 70,218 tons in the preceding \v< ek, and as
compared with 30,647 tons in the corresponding week of 1883
and 28,175 tons in the corresponding week of 1882. This
great
increase in the movements of products from the West to the
seaboard has as yet had no effect in stimulating
exports of the
same commodities, and the effect
upon prices in the consum¬
ing markets of the world will be awaited with unusual interest.
As there is no increase in tli3 exports of domestic
products
of any kind, the outward movement of specie
grows apace.
The total exports of gold in the week ending April 5 were
$3,242,000. On Wednesday, the 9th, no less than $2,450,000
went out, and on Thursday $250,000 more, making the total
exports of gold since Febrnary 21 about $18,000,000, with
$1 ,000,000 engaged for shipment to-morrow (Saturday).
The money markets at the West have hardened a little in the
last week or ten days.
The heavy decline in wheat has in¬
may
London
4 68
4
4 8c; 14
4
5
901a
85%
1«78
5
14^
4< 3g
4<>io
Job
96
United States Bonds.—The market for government
bonds
been devoid of any feature,
except that there lias been
quite an advance in the bid prices for the three per cents.
The closing prices at the JN. Y. Board have been as
follows*
has
luteres i
Periods.
Apt.
A
Apl.
5.
pi.
Apl.
Apl.
9.
10
S.
i
»».
The
small
Sixty Days Demand,
on
Paris (francs)
Amsterdam (guilders)
Frankfort or Bremen (reiohmarks)
April 10 April 6 to April 9
APRIL
bills
Documentary commercial
Hook* Closed.
ble.
[Vol. xxxvin.
Apl.
lT.
.
Hsfl,1891
V^, 1891
——
.
•
•
•
...
...
«
reg.
..coup.
..
..
1907..
ir. 1907..
«
.
..
3s, option u. a
coup.
—
*
fJn*uur’oy, lib
6a, cur'cy, '96
6a, our'oj-. '97
reg.
reg.
reg.
rcy.
....
re tf.
6a. cur’ey. '93
reg.
8a,oar’ey. '49
retr
This is the
*
nr ice
-Mar.
<) -Mar.
Q -J an.
Q. Jan.
Q -Feb.
r. A J.
i. A J.
i. A J.
j. A J.
j. A J.
Q-
-
!>i i
fi r 1 lie
11 3 % *113 *4
*113‘>k 'll
*
113*8 *113*4
124
12 4
1237*
*1001.3 wlQlih2
C29
*131
*
S 34
*i: l>l3
*
29
*131
i 34
*129
151
*131
*
1
*
*
136
hoanl:
in*
i
*
*
*
‘
-78 *
125-8
11! (11*2 *1<I034
*;on4
*
oa
12
*123'8
h *113^
1 1 3 :u
113%
’> 237u
124
133 78 *123 78
1 36
*
34
129
*131
*133
*136
5 33
~
1
J
%
-3
a
3
*136
hj
*V3*h> *!3S1e *13’8j4> *1 3SC> *137%'
iio.ru wi
U. S. Sub-Treasury.—The
2
sale,
1
j
was mu m.
following table shows the receipts
this city, as well as the
and payments at the Sub-Treasury in
balances in the same, for each day of
the past week
:
hatauces.
Date.
Apl.
,
5..
7..
8
••
“
.
"
9 *.
•’
10..
11..
T"tal
RcceiptM.”
Payments.
$
4!
1.600.485
t ,46 1.331
2.664,605
1.243.572
1 ,61 0.549
76
71
85
52
1"
1,231,1 OS 54
9.843.713 57
Coin.
Currency.
$
*
1,171,020'03 120,4 4C 21
3 09 10.352.861 61
06 12 *,789.651 41 10,234,951 94
3,138,8
*
L .850.418 7 t lvl.lifl.9 2l 22 10,750.929
24
1.2 17. "76 9 6 2 L 4 57,761 30 10.447,784 72
7 *5,143 55 122.4 24,223 4 8 10.3»5,?28 18
t 1,67s,7 82 17 I22,lt6,9i7 13 10,145,130 85
7.901,014 56
-
*
-
-
*
Includes 85 tn.ooo gold certificates taken. our, of c.isli.
t includes $6u9,000 yohl certificates taken out of cash.
State and Railroad Bonds.—The decline of business, which
has been a very noticeable feature in the stock
market, has not
been reflected, according to the usual experience, in the market
for railroad bonds, and this helps to confirm the belief that a
good deal of capital is being diverted, not only from stocks but
also from various other speculative employments, to invest¬
ments in railroad bond?.
The result lias been that the better
class of investment issues has been
firm and
generally
higher, though the speculative issues are generally lower. The
most important changes for the week have been as follows, viz.:
Advanced—Burlington
Quincy debentures, %; Canada
Southern firsts, %; do. seconds, %; Erie second consols, %;
Louisville & Nashville general mortgage 6s, %; Louisville &
Nashville consols, 2 per cent: Mobile &Ohio fourth debentures,
4 per cent; Milwaukee & St. Paul, Wisconsin & Minnesota Di¬
vision firsts, 2%; do. Lacrosse Division 7s, Jg; do. Mineral Point
Division
5s,
2%; Northern Pacific firsts,
New
York
Chicago & St. Louis firsts, 1 %; Northwestern de¬
duced the calling of large margins between speculative dealers.
Merchants and country banks at the West are also asking bentures, %; Richmond & Danville firsts,
Missouri
Pacific
consols,
%;
and
Chicago
&
Atlantic
sec¬
more accommodation from the banks in the
principal cities.
onds, ?g. Declined—Chesapeake & Ohio currency 6s, 1 per
The country roads are bad and the farmers are
marketing but cent; Denver & Rio Grande Western firsts, 2
little grain.
per cent; Evans¬
Intihe New York market money continues in excessive sup¬ ville & Terre Haute 0s, 1 per cent; Indiana Bloomington &
ply, and rates remain unchanged at the low figures prevalent Western firsts, 114; Jersey Central adjustment 7s, 1%; Rome
for the last several months, viz., call loans on stock collater¬ Watertown & Ogdensburg 5s, 2% ; Texas & Pacific land grant
als at 2 and 114 per cent.
Time loans can still he had on incomes, 1% ; Wabash general mortgage 6s. 1%; Oregon
firsts. %: and West Shore & Buffalo 5s, %.
dividend-paying stocks at 3% per cent, though there is less Improvement
State bonds have been more active than for several previous
disposition to loan at these rates than a month ago. R ites
weeks, and in most cases show advances. The following was
for mercantile discounts keep at 4 and 5
pel* cent for double- the
range of prices for the principal issues, viz.: Tennessee 69,
name paper for two and four months and at 5 and 5for sin¬
old, at 43; do. mixed at 42%; do. new series at 43%: do.
gle names.
compromise at 497(49%; North Carolina 4s at 84(785; Alabama
The Hank of England weekly statement on
Thursday showed .class
B at 103; Arkansas 6s funded at 16(715)4(71714; do. 7s,
a loss of £306,600 in gold, though at the same time the reserve
issued
to Little Rock Pine Bluff & New Orleans Railroad, ai
of notes and s[>ecie in the hanking department was increase l
2 >: Missouri 6s of 1888 at 106%; do. 1837 at 108%, and do.
(by the gains from the domestic circulation) to 4o% per cent,
against 44 7-16 per cent in the previous week. The Bank of 1888 at 109*gf7109}4.
France in the same time lost 11.136,000 francs in
Railroad and Miscellaneous Stocks.—To-day being Good
gold and
5,050,000 francs in silver. The Bank of Germany gained Friday the Stock Exchange is closed. During the week to
8,180,000 marks in specie.
Thursday night the market has been feverish and unsettled,
Tne following iunit-* shows the changes from the
previous and there has been little disposition to buy or sell either on the
week Mini a comparison with rlw two preceding
The cause of this unwilling¬
years in the part of investors or speculators.
ness to operate has been the unsettled relations of
averages of the New York Clearing House banks.
pool affairs
both east and west of Chicago.
It seems generally acknowl¬
lw-4
Di-fit!
tr'i
88 ‘
edged that 1 lie eastern trunk-line pool is so defective that some
April 5.
! previous week
April 7
Api il S
new method of business will
necessarily be adopted, and yet
:
Loansand rth 11347,600,500 Inc •> 1 3 "6 So- <31 1,0 9, l< 0 -31 l.4'»5.8 Jo
no definite action has yet been taken towards that end.
As a
l
Speote
61,0'. v*0«» Doc 5 *46 ,7*i
57,*;5 l .2 0
5-*,- 2
means,
of
roads
apparently,
coercing
the
into
doing
something,
Circulation.
16 M-2. 0
I4.?jn,7'*0 Toe
2O.0”6. •
,9 ’
the Pennsylvania persists in its heroic remedy of keepingrates
7 o \
Net deposit*313,9 !9.3 l- IP-.*.
2«() "So. p!<- 286,345 4 O
28.246 0 o Inc,
S 1
15 923 70
1 4,713.8 0
down to figures at which there is no profit in the business. The
Legal t,end~r
Legal reserve $85,992,325 Dec $*o85 12 • <70,215, 10r- f” 1,5*6,3 5.‘ difficulty diet ween, the Burlington & Quincy system and the
Reserve* ta«16
66.54 4 tOt
72.33S.O 0
90,11-6,0 Deo. 4 20 ,70"
Union Pacific and its tripartite allies also remains unadjusted,
and the proposed issue of $7 000,000 of new stock by the Bur¬
Surplus
8*1 1.650
$4,203,875 Dee. 3 .52 ,5" dV 3,701 .00.lington has been unfavorably regarded by the members of the
Exchange.—The market for sterling exchange remained tripartite alliance. In spite of these appearances of trouble,
unchanged during the week at rates which justified tRe con¬ prices of stocks have been much firmer than expected, and
tinued export of specie in default of any increase in the supply this has given the
impression that the leading speculative
of commercial I ills against breadstulTs and cotton.
The operators believe the general situation is not so grave afl
posted rates throughout the week were 4 8814 and 4 90}4. The appears on the surface. The changes in prices have been un¬
rates for actual business were also
unchanged as follows, important, as a rule, but yesterday the St. Paul & Omaha
viz.: Sixty days. 4 8714^7 4 87%: demand, 4 8914(74
89%; stocks rose into some prominence, and scored an advance of
cables, 4 90@4 90%.
Commercial bills sold at 4 83(7 4 8614.
1(7 2 per cent, and Pittsburg & Fort Wayne stock advanced
Qu i»tat tons for‘foreign exon.-mg** are as follows, tne prices nearly 5 per cent, while Oregon Navigation stock touched 80,
being the posted ratts of leading bankers:
but closed at 81, a decline of 5)4 for the week.
„
lti.es
•
,
t
•
n
o
i
'
THE CHRONICLE.
2, 1831.
449
~M=
NEW YORK STOCK EXCHANGE PRICES FOR WEEK
ENDING APRIL,
HIGHEST
AND
LOWEST
II, AND SINCE JAN. 1, 1884.
PRICES.
Sales of
STOCKS.
.-lUturuay,
April
AI Iili«'AI)S.
Albany &susqueh nna .. ...
Atchisoii Topeka it Mint?. Vo
Boston v N Y Air Line, wei
Jtf oud
.1.
April
7,
0.
Tuesday,
April s'.
Wednesday ,1 Thursday,
April 9.
April lo.
-Friday,
(Shares).
April 11.
For Full
Year 1883.
Range Since Jan. 1, 1884.
Lowest.
Highest.
Low
High
127
135
If
......
......
ftl7S
87
115*8
114 Hi
112
118=4
SO
90
0 1 *4
-n
120 Hi 121 *4
18 *8
18'V
*7
7E*12
40
IS
40
'0 Hi
8
104
108
"41
4b
I2834 1j83j
*85
8b
17
*16*2
17
9 •’ *2
98 *b
7 b-.
17
"75
40 Hi
Hi
45
92
54
23 Hi
.
44 Hi
9S H,
*49
......
44 Hi
93 Hi
*
104
89 Hi
*15
*32
17
S5
.....
Northern Pacific
Do
pref
Ohio Central
Ohio* Mississippi..
Oliio southern
Oregon short Id no
;
Oreg»n A Trans-Continental..
Poona JieeaturA Evausvi.lo..
*443g
45
103
103
"89 34 90
*101
*15
16 Hi
.
PhilfliUIphiaA Heading :...
Pittsburg Ft. Wayne A Chic..
Rich. A llogh., st'k trust elf’s.
.
91
91
17*4
17*4
*105
92
21=8
97a
lb
180
16
*47a
*33
10 L
.....
47J4
2 34
21 ^
J4
21«8
260
34
"S3
3o
101
500
200
15*4
loo
6,280
20
......
luo
r
•
lb
11
1634
400
300
8b=s
12*8
126
55
:>1
32
20*8
85;*8
12*3
20*4
55
......
114*3 114*3
*8*4
*
17 *4
4.005
*15
*15
17
40
22
40
*15*4
9
5*3
.
40
22
47 34
22 Hi
2^*3
22*3
48 Hi
2=a
2=a
48*8
*2=8
21*3
48;*8
2*8
21*3
20 Hi
20Hi
15 Hi
15*3
2034
54*4
53 *8
47;*8
*2=8
T
22**8
48*4
47 Hi
22Hi
47 34
23*
•2=8
*21*3
2=4
,
r
%
Jan 16
85
20 =b Mar. 27
94
Q
M
O
w
5,045
21,775
228
600
22
......
20*4
19 78
15 Hi
53 Hi
lb
54
5S *4
......
......
......
15Hi
51*4
...
20»s
15*3
20
*15
53 Hi
20=8
15*3
53 Hi 5 4*4
13034 131 *4
131
20^
26,700
lb
400
53 78
32,600
134
2,348
>
Richmond A Danville
Richmond A West P’tTerm’l.
Rochester A Pittsburg
Romo Watertown A Ogdensb.
8t Louis Alton A Terre Haute
Do
pref.
8t. I.ouis A San Francisco
Do
pref.
Do
1st pref.
8t. Paul A Duluth
Do
pref
8t.Paul Minnejip. A Manitoba.
Texas A Pacific
Unm
Pacific.
Wabash .st. l-otiis A Pacific...
Do
,
pref.
MISCELLANEOUS.
American Tel.
......
......
*13=8
13=4
*13=8
137e
*41
48
9b
27
4b
94
-41
*02
*25
4b
91 Hi
48
Pacific Mail
Pullman Palace
’*92
*25
4b
94
.
.
27
47
91 Hi
■
59
*28‘%
13
13 ;*8
*22
*41
29*3
13-'8
.
46
9b
2G
47 Hi
100
.
*42
'92
*25
*4b
9a *3
50
9b
27
47 Hi
95 Ha
*92
*25
*47
......
300
525
26
48
9b
......
......
......
27
100
300
262
48*3
96*q
96 Hi
......
95 Hi
95
95 *y
97
713;
96Hi
19*3
71*4
14 *3
‘23.*4
14 ‘s
23 34
19
19=8
b.*78 71 '*4
14 \
70*4
*14
14 :*8
24 '
23*;
14 Hi
23*4
19
97 *3
9b
19*3
19*8
71
19=4
73
70‘4
14*4
23Hi
14*4
23=4
14
78
72\
21
58
58
12 7
127*4
16 *4 1 b *4
127
96
58
58
127 *3
127 Hi
127
*15*2 17
17
107*4 *107
107*3 107*3
1 b Hi
170 ” *150
170
*150
*150
170
i70
40
40
17*3
......
85
85
52 Hi
112=8
wj. JL*
,
14
*55
29*4
......
94=4
84 Hi
5 1
112 Hi
Quicksilver Mining
Do
prof
western Union Telegraph
EXPRESS.
14
*28:*a
13=8
••
107
*15
150
Car Co
2834
•
126=8 127 Hi
lb ” lb
Oregon Improvement Co
Oregon K ilvvay A Nav.Co
28*4
*41
*92
2b
*46
*91
a Cable
Co
Bankers’ A Merchants’ Tel....
Col0!ado foal a Iron.'.
Dolaware A Hudson Canal
Mutual Union Telegraph
New York A Texas Land
Co..
......
X
*'>±
52*4
112*2 11234
9^
G834
8">
53
*2 4
68 34
09=8
85
85
52=8
53
113
113
*4
b
*23
28
68 7e 09
28
69 34
.......
«
23*4
i27
'
16 Hi
5.320
7.975
257,259
1,200
5,000
S'
280
1*27 *4
4,185
17 *3
710
*107*4
.
...
*150
.1.
82*a 84Hl
52=8 53*4
112*3 112 34
96*3
19=8
7 l Hi
14*4
23=8
80
805
170
......
100
......
81
2,75»
12,860
52=4 52 34
112*3 112*3
l,2ob
*
7e
68=8
69 7e
63=8
69
75,104
..
Adams
130
American...
United states
..I*”!"!!”
wells, Fargo A Co
STOCKS.
132
132
132
*130
99 *2
1*8*3 98*3
97
01
-60
02
*60
112
'110
115
*110
97
'
bl
112
INACTIVE
132Hi *130
132
98
97
62
*60
97
62
114*3 114
114
7e
*130
97
*60
111
132*3
98
62
I
111
Uuuuihia
htobury
bnbimue
A
A Norwalk
a >ioux
City
*
......
.....
Mississippi, prof
Rensselaer A isuratog
Unite<l Companies of N. J
......
1
.•
Virginia Midland
-
----
a"
******
.....
t
lit;
~
r-'-"TT
ioo
******
.....
Coal
£[®w C’entr
..
1 Coal
*..!!!!
wnnsylvani i <’o l
■pring Mountain Coal
*TUe«e
are
the prices bid
15
3
lb
26
31
11
16
2o
50
96
27
50
*14
*7
-207
46-fe
16
10
15
15
*207
48
aud asked;
45=8
*267
46
no safe was
457s 457a
*14
*7
*2 ••7
46
made at the Board.
16
9*3
*14
16
*267
.
40*4
4534
......
46*3
3,420
Mar. 171
Feb. 5
Mar. 18
Mar. 48
96*2 Apr. 10
32*4 Jau. 9
90
99
‘Jau. 26
I an.
7
23 »s
32
5
Apr.
84
=8 Feb. 16
1934.lan. 7
J it ii.
5
567« Apr. 4 61 =8 Jan. 8
119=s Jau. 2 127 Hi Apr. ft
10 Hi Jau. 21
17*a Mar. 17
105
Jan.
4
114
404* Jan. 21
lu3 Hi Feb. 1~
4 Hi Jau. 21
25*« Jau. 21
68:*b Apr. 9
Feb.
*8 Jan.
Jan.
06=4 Mar.
117
Jau.
6*2 Feb.
32 Hi Feb.
78 *8 Feb.
Jan. 31 132
Jan.
3 102
Jau.
3 61 *2
Jan. 23 115
Fel>.
7 12
Feb. 23
16
Jail. 24 152
Feb. 11
33
Jau. 21
145
90
142
Mar.
Jan.
Feb.
192*2 Jau.
20
Feb
122
Mar.
12
Jan.
9
Mar.
264
Feb.
29*2 Jau.
50
82
4 145
9
90
1 14ft
8 193*2
14 21
15 122*2
If
1ft
31
10*4
19 264
2
Feb. 11
17-\ Jan. 10
122 *a Jau.
7 170
38
Jau. 22
65
78*a Jan. 26 112
76*4 Jan. 29
Jhlo A
Jwylaurt
28^8 i
71
22=8 Feb. 11
50
Joliet A Chicago
warren
8
nr
19
69 Hi Jau.
2
12 Hi Jan. 21
11
150
33
.
**"*’*
Greenville,pref...
A
40
Jau.
88
Jan.
20
Jau.
37 Hi Jau.
84 Hi Jan.
25
Mar.
89 4 Feb.
84
Jau.
15
Jan.
9
......
9
Apr.
128*4 Mar. 29 134Hi Mar. 3
5
334 Mar. 6
Jan. 11
52 Hi Jau. 16 61
Feb. 14
26*4 lan. 16 32
Feb. 15
13 *8 Mar. 7
16*8 Fell. 4
1934Jan. 7 24
Mar. 21
128
728 91
ft
56
22 105
»
Mar. 13
l()i8 Feb. 15
20 34 Feb. 14
f»
»n.
Mar
3
12
Mar. 7
17*2 Apr. 4
176
Jan. 15 182
51 ar. 18
87eJan. 16 16*2 'an. 7
6
37g Jan. 24
Feb. 28
13
Jan. 18
18*4 Fob. 16
10
Jan. 29
11
Feb. 25
35*4 Feb. 7 42
Feb. 15
1834Jan. 26 27 J ail. 7
40Hi Jau. 23 57 =8 Jau. 7
3 *8 J an.
2*a Jan. 2
7
21*s Apr. 2 25 78 Mar. 17
7
Jau.
5
9
Mar. 19
1ft
Jan. 11 24
Mar. 22
16^8 Jan. 24 3 l=a Jan. 7
13
Jan. 21
17
Feb. 4
51 Hi Jan. 24
60=8 Feb. 23
10
usaar Palis A
Minnesota
wntral Iowa
Chicago A, Alton, pref
10 **
22
33
57h
30
55
91
113*4
54
84
124 L 142
1 Hi
7*4
lll*v 131*2
21*4 51 Hi
4 Hi
U*4
11*4 23
45
5
75
i07a
’00
190
50
82*2
124
;48
77
17 Hi
13 Hi
84*4
35*2
33*4
14 7a
92=4
58
40 =h
30
38
80
38
80=4
58*2
68
53 *8
90
53
12*2
30^8
32
55
76
77
10
95*2
100*8
18
48Ha
1634
30=4
33
08 H|
34 7a
19*2
86
10
120
IO07*
19*2
129*4
50*2
49*4
9
7
28
17
7
11
5
16
Feb. 12
Mar. 26
Feb. 7
Feb. 13
64
7t
111*2 I29*t
7
15*2
13=4 35
90
14*4 Jan. 16
......
11
8Hs Jau. 25 1334 Mar. 24
121 Hi Jan. 22 127
Jan. 29
46
Jan. 19 58
Mar. 14
rmu
27
157
116** 127*4
7
23 *4 J an.
5
95
Feb. 11
1,099
22,600
245
900
105
BIO
110
10
100
500
23*4
35*2
134
7
Mar. 4
Mar. 15
Mar. 4
Si; u, Kvm
16Hi Jau. 21
85
Apr. 1
122
•
197e
*15*4
1 ft
nr
13
137*4
lift3, 129 =8
91 =4 108*2
lift
122*4
1 1 ft *4 140*8
Jan.
18*2 fan.
1107s Jan. 17
8*4 lau. 22
1634 J an. ‘21
<
1534
22*4
„
>
\
90
88
35
^Jan. 16
S I
71=4
68 *4
bl
128
1 1
94
100
500
834
18
181
181
9 34
9 34
4 =4
4 =4
*15
17
*10
13
*39 34 41
181
;8
*4=4
700
100
23
86
65*a
1434
Jan. 3 24
Mar. 18
Jan. 19 40
Jau. 11
Jan.
8, 103Hi Mar. 25
Jan.
2
94 Hi Mar. 4
14
15,915
•
Ian
75
23
35
Jan.
4
59
Feb. 25
93 >a Apr. 7
Jan. 22
Jau. 21 j
1 ft
Veil
;riu T n.n
4,725
86*4
13
*125 *4
*52
15*3
5*3
17
40
85
220
9
-
1,000
44
181
9
-
90
44
16
182
9 7s
7a
*434
520
40
20
40
82
42
15
32
110
40
15*3
4234 l an.
17Hi Mar. 10
2,800
92
89*4
114*3 11434
"8*4
834
*17*4 17*3
15'^
1934
!0434
78*4
21
51*8
93 *« Jau. 17
65
J an.
3
516
89
80*3
12*8
15Hj Jan. 21
52,022
91
12b
*52
17*8
.....
3*
84*
47*4
i
......
44
tan’:<i
18 Hi Apr. 2 140 - Feb. 13
81 Hs la'11. 11
8b
Mar. 6
15
Jau. 21
20*4 Jail. 5
34
48 7,
10
aan.
58*4 i an. 18 !
7s Fob. 1 1 j
57
90
....
.
"89
20
.
182
5 Hi
lb
11
22
45
15*4
17*8
18034
97a *978
9'8
22
47 Hi
.
*105
125
125
*105
125
*105
125
92
92
92 Hi
*93Hl 95
93*8 94
2 l -*8
2 L=8
21
21 =8
21=8
21*8 217a
21*4
57
lb
44 34
*90
*49
so
78
H
78
■
.....
45
91*3
91*3
103
90
*89
*51
17*4
57
lb
.
......
*51
Jan. 30
H034.Jan. 7 j
83Hi Mar. is j
Jan. 11
b734.ian. 10
15
Jan. 2
100
* an. 21
21
28
Feb. 11
100
11 Hi Mar. 4
17
Jan.
7
6 133*3 Fell. 27
140*4 Fel). 5
8,018 1 lS\s Jan. 21 12734 Feb. 16
1 IS,4 1 5 -!
81 *8 .J ait. 21
94 *4 Jau.
3
450 112*-.
Feb. lb
Apr. 1 1119
22,385 112Jan. 21 124
Feb. 12
640 ,110
Apr. 3 149 Hi Feb. 12
2,025 jlLVVLui. 21 12<>34 Feb. 11
9
Mar. 27
13*4 Jau. 5
25
Mar. 27
35
Jan. 11
3,350 1 27Hi Ian. 21
34 Hi J ail.
3
4,777
88*4 Jan. 21 96*4 Feb. 11
900
58
Jan. 23
09Hi Mar. 14
300 138
Feb 23
! 1 Feb. 14
2
jau. 17
163,9:4 114*4 Jan. 17 133 *8 Mar. 1
4,030
17 *8 Mar. 7
25=8
Jan.
3
300
ft H3 J an. 22
8*4 Feb. 15
300
10 *4 Jau. 17
14 Hi Feb. 15
700
40
Jan 18
5
Jan. 26
8*2 Fell." 8
192
Mar 12 >00
Mar 18
......
4434
92
•50
*15 34
17*4
2
j
......
..
pref
50 y
......
.
Do
5 ‘2 *(
50*.j
12 L
34
*31*a 33
pref.
Missouri Kansas it Tex s
20 Hs 20 Hi
19=8
*s
20*4 20*3
Missouii Pacific.
85 Hi 8b *4
8b
85*8 8.»'8
86=b
*12
14
Mobi o it Ohio
*11 Hi 14
*11*3 12 Hi
'125
Moirisit Essex
*125
12b
*125
126
126
Nashvil e Chattanooga it st.L.
*51
54
New York Central it Hudson. 113=8 114
114
114
114*3 114 Hi
New Yol k Chic. A St. Louis
*8*4
8=4
8*4
8*4
*8*4
834
Do
pref.
New York Elevat, d
New York Lack.it Western..
New Yot k Lake Erie A West’ll
Do
pref.
New York it New England....
New York New Havciiit Hart.
New York Ontario it Western.
New York-usq. A Western...
Do
pref.
Norfolk it Western
51 ;,4
19
7
12
40
*b
...
89
Do
135
.
......
1714
QUO
M'nneapolia & St. Louis
52
51 ;!s
122 *8 12 i *8 122=8 121*4
121=8
19*8
18*3 18 34
1^\| l.S'y
18=4 19
7
*7
7 *s
*7
7**8
7 *4
7 *4
12 Hi
12*e *12
12*8 12*8 *12
12*3
4o
40
40
40
40
8
*7
8
*195
200
*195
200
*193
200
*41
*41
4b
4b
12834 12834 *129 -ISO
130*4 130 *4 *129
130
*8 1 Hi 86
*84 *3
*o4 Hi
17*4 17*4 *1734 18
*17
18
17*4 17*4
*
*lb
1 b
17
17 Hi
Ib-'i lb34
lb34 lb *4
97 Ha 9S3s
9 i
977a 98 Hi
99
98*8 98=8
74 Hi 74-,
7 a ,l4 7 0
7 b *4 7 b *4 *75*3 7b Hi
4b Hi 47
47*« 47=b
47
4bJ4 47‘*8
47
120=8 121 **_>
.....
Milwaukee L. sh. & Western.
I)o
pref.
01 Hi
50 1
!
.
*90
*50
23*0
Memphis it Charleston
Metropolitan Kiev..ted
Michigan Central
87-‘h
57 H.
51 'j
8<rV
61>
120
'8
“20
43
52 H,
51
*87
00
.....
*
h.5 *y
*
52=8
r. 1■%
87 'U
57
’13
......
*87
88
5 5 *4 57 =►
56=8 57 V,
nb'.i 5 1 *4
14
1**4
13=8 3 3’\
1S*H 13 *h( *13
14
25
*24
25
25**!
25 34
"24*3 2 3 ; *24
25 *v
*
15 *4
17
J 5 Hi
lb 7h
lb
1 b *•_ !
lb ! *15
'17
*130
loti
138
*136 Hi 140 J lob
13b |» 130 Hi 138
125 Hi 124
124 Hi I24 34 | 125
125
125*4 121*3 124'fc
85 34 80 34
80
8b l4 .Sb34
H<> 'a 8 /
8(>
86 h
1 LiL 113 Hi 113 Hi 114
114
114
114
| 114
114
115 *4 11434 i 15Hi 1 15 =8 116*8 115*4 116*4 1 15*8 1
DM4
14 4*4 144*4 144 Hi 145
144
143*3 143*3 ! 144
119 *•_• 119 Hj 1 i 9 Hi i l i 9 Hi 120
120
120*3 j
120
y Hi
*9 Hs
*9 *3
11
11
28
*27
29
*27
29
SO
SO Hi SO =8
01
S l *4
31
30*3 31*4
S1 *3
90 *n
00*4 00 7tt
91*3 91*3
9U-<4 92*fl
9034 92 =4
0 X4 *b0:,4 02
62
65
*64
65
63=8 63=8
140
110
Ml
lil
1:10*4
12;-: *4
....
Do
1st pi of
Do
common.
Manhattan Beach Co
132
Jail.
r
! 78*8 Mur. 31
1 80*3 Mar. 2",
149 I 66
Apr. 1<
3,600 j 51 *3 \pi\ 1
4,725
4S3, .1.111. 21
660
S3 Hj .Ian. 24
22,083 ! 555*1 Apr. 1
•4 10 j
1234 .Mar. S
....
......
.....
503.
r>7*\
'21
'15
pref.
...
-
52 U
51 J»
8?
r>7
Do
prof
Cleveland Col. Cinn. it I nil—
Cleveland it Pittsburg, guar..
Columbus Chic, it 1 ml. Cent.
Delaware l.ackawaniiaAWest.
Denver it Kin (j ramie
EastTennessee Va. it Ga
Indiana Bloouiingt’n it West'n
Lake Erie & Western
Lake shore...'.
Long Island
Louisvi lo it Nashville
Lonisvil.e New Albany itCliic.
Manhattan Elevated
.....
......
pref.
-Chicago st. Paul Minn, A Om.
liluiuis ventral
Do
leased line 4 p.e.
......
......
.
Do
Evansville it Terre Haute
Green Bay Winona & st. Paul
Harlem
Houston it Texas Central
......
.....
Bur iugtou red. Rapids A No
CaUiMii.uj Pacific
(aiaila -ontliem.
Con t i al of Ne \v J ersey
(Mural Pacific...
Chesapeake A Oliio
Do
1st prof
Do
‘-M prof
Chicago & Alton
Chicago Burlington A Quincy.
Chicago Milwaukee lit St. Dan.
Do
pref.
Chicago A Northwestern
Do
prof.
Chicago Hock Islamlife Pacific
Chicago st. Louis it Pittsburg
Do
.....
105
83=4
7s
26
72
89*2
40 7a
83
17*2
169
15=S
4 7g
14
10
32
52*4
183
‘29 \
214,
18
49=4
23*8
49=4
53*8
»0=8
2
14 *4
21
7
19
304,
144,
12
32
89
28
46*4
01*4
29*8
129 *4 138
4
15 *4
72
39
ti23
34
85
103
47
21
14
15
35
80
20 Hi
40
59Hl
100*2
87
33
90
•40 7a
97=4
169*2
94
17*8 43
70*8 104=4
15
30*4
29*8 57 *2
09
57
118*4 140*2
14
39^,
102*2 42 *•
15
55
56
90
28
112*4
ft
30
71=4
ft
2d
91^
150
44=4
134
9*a
46*2
88*4
126*2 135
88
94*4
55 Hi 05*2
113
128
10
Jan. 18
17*,
Mar. 20
28
13
Feb. 16 140
150
Feb. 11
31
aa*a
Jan. 21
50
70*,
92
Mar. 10
77
Mar. 4 138
138
96
Jan.
9
112^
Feb. 12 139*2 145*4
Mar. 21 187*2 197
Jan. 24
20
31
118
Mar. 2:» 118
Feb.
1
10
17
n
Jan. 31
9
Feb. 19 260
280^
Mar. 5
29**J 30
^
CHRONICLE.
THE
450
QUOTATIONS OF STATE AND
RAILROAD BONDS
STATE BONDS.
Pol. XXXVIII.
APJRIL 10, 1884.
1
Ask.1
Bid.
SECURITIES.
82
Alabama—Class A,1903.
102*2
1303
81V
Class C, 4s, 1906
105
6b, 10-20s. 1900
15
Arkansas—3s, funded
15
7s, L. Rock & Ft. S. iss.
15
7e, Memp.it L.Rock RIt
15
78, L. R.P.B.&N.O. UR
13
7s, Miss. O. & It. R. RIt.
5
7s, Arkansas Cent. RR.
Class B, 5s,
’
7s, gold, 1890
;
6s, loan, 1892
3s, loan, 1893
!
Funding aid, 183(3-1838
j
115
6s, Act Mar. 23, 1869 ?
noil-fundable, 1888. )
Brown consol’n 3s, 1893
Tennessee—3s, old, 1892-8
c
.
6s. new,
Bid.
Bid
SEC UR IT I ES.
Ask.
! Ask
.
Railroad Bonds.
(Stock Exchange
1892-8-1900
W.—Contin’d—
M.&E.—Bonds, 7s, 1900
Ala.
..ij
Atcli.T.ifc S.Fe—4*23,1920
Sinking fund, Gs, 1911..
Atl. & Pac — 1st, Gs, 1910. \
Balt.it O.—1st, Gs, Prk.Br.
Bost. Hartf. <t E.—1st, 7s
..'i
Central—1st, Gs, 1918
AUeg’v Cent.—1st,Gs, 1922
Bid.
Met. Elev.—2d, Gs, 1899..
Mex. Cent.—1st, 7s, 1911.
98
1871,1901
i 122tj!
.j Mich.Cent.—Cons.7s,
M Consol. 5s, 1902
1st, consol., guar., 7s..! 1‘28V
Gs! 120***
N.Y.
.Y.Lack.*
:-!i!i Gs, 1909
Lack.* W.—1st, Gs;
120*2*
Construction, 58, 19231 99V 100*s 1 Coupon, 5s, 1931
91V
! —--!Rap.&No.-Jst, 5s 103 V:
Minn.&St.L.—lst,7s,guJ 130 !
!
Guaranteed...:
Bur. C.
52
7
Fundimr 5s,
1899
,
Canal—1st,
7s; 102-V
1
*105*4
j
*105 I
89 (
1
Buff. N.Y. & Phil.—1st, Gs! 95 *s 95 7H
General, 3s, 1924 .......! *88*4 89
Denv
Can. So.—1st,int. guar. 5s! 101 rj» 10178‘! 1st, consol., 7s, 1910....
1 87 V; 88 j Dcn.So.Pk.it Pac.—1st, 7s;
2d, 5s, 1913
la.City.it West-1st,7s
C.Rap. I. F.ifc N.—1st, Gs
1st, 5s, 1921
”
1902- 128*2
j 103
Bid. ; Ask
SECURITIES.
Ask.
98V Penn. RR.—Continued— i
1
GO
C.&P.—4th,s.f(t.,3s,1892 110^111*3
129
; St.L.V.& T. II.—lst,g.,7s 117
2d, 7s, 1898
!
-----1 ------i-
Registered, 5s, 1931...
I
10
.
112
! 2d, guar., 7s, 1898 —|
102V
jPitts.JB.it B.—1st, 3s, 1911,
102*8
j Romo W.ifc Og.— lstJs.’Olj
7s, 1891
j 115 1113 j Jack.Lan.itSag.—3s,’91. 102
j. Con., 1st, ext., 5s, 1922.
1st. ext., 7s, 1891
I
’
I Milw. it No.—1st, Gs, 1910! 98
1 iRoch.it Pitt.—1st, Gs, 1921
!
Coupon, 7s, 1894
:117V Mil.L.S.&W.—1st,3s,1921' I08*.j 108V l Consol., 1st, 3s, 1922....i
Registered, 7s, 1894
*113*2 117*2 Minn.it St.L.-lst,7s, 1927j 127 I
; Rich.itAlleg.-lst,7s,1920.
1st, Pa.Div.,cp.,7s, 19171
1131V i Iowa Ext,—1st, /s, 1909j 119 1121 ,Rich.it Danv.—Cons.,g.,3s
1st Pa. I)iv., reg., 1917.1 131
.
I| Debenture Os, 1927
1
2d, 7s, 1891
1*100 i
Alb. it Susn.—1st, 7s ...j HIV 112V,i S’thw.Ext.-]st,78.1910; 112*4 112V| Atl.it Ch.-lst.pf.,7s,’97j
2d, 7s. 1885
j 103*2
ij Pac. Ext.—1st, Gs, 1921'.I 100 lOOV i
Incomes, 1900 .
!
1st,cons., guar.7e,1903j 125 j;JVI0.K.& T.—Gen’l,Gs,1920j 82*2 83^
Val.—1st,cons.,
72*2 1 Scioto
St. L. &
Iron Mt.—1st,7s.j
7s
--; Del.it JIud.
*91
40V
113V
113V..
Registered
•*
42 V
...
1833
consol, bonds
ex-matured coupon.
consol., 2d series
deferred
new,
District of Columbia—
105*2 109
43V
SECURITIES.
7sof
Prices.)
3
*ii
Del. L. <t
t
6s,
6s,
6s,
6s,
Gs,
BONUS.
RAILROAD
SECURITIES.
1
Ohio—6s, 18.83
IN.Carolina--6s,old. J.it.T.
105*2
C’mp’mise,3-4-5-Gs, 1912
! Virginia—3s, old
85
84*1
Ask.
42 V
49
40
40
GO
!
5
4
South Carolina—
i
104
113
Do
W’n. & Tar R.
Consol. 4s, 1910..
Asyl’m or Univ.. due -92
Funding, 1894-95
Hanuibal & St. Jo., ’83.
INew York—3s, reg., 1887
6s, loan, 1891
-
9
Wil.C.&Ru.R.
Do
6s, due 1889 or 1890
17
25
—
Bid.
1 Tennessee—Continued1
Os, new senes, 1914
18
3
3
3
Special tax, all classes..
SECURITIES.
Ask.
Bid.
SECURITIES.
N. Carolina—Continued—
Now bonds, .T.<fcJ., ’92-8
outa'ana—cons., 1914
Ex-matured coupon
Missouri—6s, 1883
S3
103
.
Georgia—3s, 1883—
7s, 1886.'
Ask.1
Bid.
SECURITIES.
112
80
109
72 V 73*j
112 !11G
93*2
70 I 71
99V 100
GOV 62
*<5 •I 90
110V
114 V
11IV
2d. 7s, 1897
Arkansas Br’ch—1st, 7s 110V 111*4
Cairo it Fulton—1st, 7s 108*3 109
Cairo Ark. it T.—1st, 7s, 108
I
72*2 '
108*4 "!”!!
84*2 Mobile it Ohio—New Os
74*3
Collater’l trust, Gs. 189*21
97 I 98 ;! Gen’l r’y it 1. gr., 5s,1931 74
GO
Morgan’s La.it T.—1st, Gs1
rSt.L.Alton <t T.H.—1st,7s. 117
21V
!j- 2d, pref., 7s, 1894
! 112 113
Nash.Chat.it St.L.—1st,7s 121"
02*2 103*2 ; 2d, income, 7s, 1894
,*103*3;
83*4
98
04
j
• Den.it RioG.West.—1st,3s!
107*2 108
Dot.Mack.itMarq.—1st,Gs
" 81 jj Land grant, 3 Vs, S. A...
80 V;
j
2d, Gs, 1901
10G
jlOGVj Bellev.it So. Ill.—1st, 8s 119 |
Charr. Col. 1& Aug.—1st, 7b; 109
E.T.Va.itGa.—1st,7s, 1900. H7*s
N. Y. Central—Gs, 1887...! 1<
107
1107*2 St.P.Miun.it Man.—1st,7s1 109*2 110
Deb. Ccerts.,
ext’d cp.,7sJ 132*4'134
j.& O.—Pur.moneyfd.
O.—irui.iiiuiie.y iu.i ;
ijj; 1st,
jihi, cons.,
eons., 5s,
xy.iu
1 75 ji 75 V} N.Y.
*j
Ches.it
us, 1930
2d, Gs, 1909
! 112V
it ir.-lst, 5s....
6s, gold, series A, 1908 . 110 I
..jj Divisional 5s, 1930.....
100*2
Dakota Ext.-Gs, 1910. J 113*4 114*3
1
1st, reg., 1903
132
10G
6s, gold, series B, 1908 . 104V 104V Eliz.C.itN.—S.f.,deb.,c.,3s
ij ud.Riv.—7s,2d, s.f., ’85 105
1st, consol., Gs, 1933
! 105 (105*4
—| 82 |j II
Gs, currency, 1918
53V; 54*4
1st, Gs, 1920
1st. eons., Gs, reg., 1933. *
j 104
Harlem—1st, 7s, coup...I 135
Mortgage os, 1911
100V 101 ; Eliz.Lex.it Big Sandy—Gs! 100*2 101*4 j
Un—
Min’s
1st, v,
Gs, 1922| —
109
*135
1st, 7s, reg., 1900
•
88 j 88*2 Erie—1st, extended, 7s...1*120
Ches.O.AS.W.—M. 5-Os...
109*4!
' N.Y. Klev’d—1st, 7s, 1903 120*4 120V St. P. it Dul.—1st,5s, 19311 100 ,
Chicago it Alton—1st, 7s.! 119*2 120 1! 2d, extended, 5s, 1919
3d,
Sinking fund, Gs, 1903.. 113*4
3d, extended, 4*2S, 1923; 104 1104 j N.Y.P.it O.—Pr.l’11,3s, ’95 *105 ..—j So. Car. R’y—1st, Gs, 1920* 105*4 105*3
4tli, extended, 5s, 1920. HO j
jjN.Y.C.it N.-Gen.,3s,1910j 35*gJ..
2d, Gs, 1931
!
I 97*3
La. it Mo. Riv.—1st, 7s. 1 120
jl21
5th, 7s, 1888
*110*2
;! Trust Co. receipts
1
3b ; Shenaud’liV.—1st,7s,1909; 112*3 113*3
2d, 7s, 1900
1-..-!
110 <| General, Gs, 1921
1st, cons., gold, 7s, 1920 128*4 128*2 N.Y.it. N. Engl’il-lst, 7s 108
| 80 | 81
St. L. Jack, it Chic.-lst 115 V1......
1st, cons., Id coup.,
! 108*3 1 N.Y.C.itSt.L.-lst,Gs,l921
1st, 3s, 1905
! 108*2:108V
99 99*2 I Tex.Ceil.—1st,
s.f..
7s, 1909.| 108
1st, guar. (504), 7s, ’94 115 V
A 7s.. 123
•
J
1st
mort.,
7.8,
1911
108*2 *109
Reorg. 1st lien, Gs, 1908
2d, (3G0), 7s, 1898
:|
!
m
8G *| 87 ijTol. Del. & Burl.—Main,Gs
2d, 3s, 1923
1
Long
Dock
b’nits,
7s,
’93
2d, guar. (188), 7s, ’98:
135
i ;N.Y.W.8h.it Buff.—Cp.,5s ,53 V 54 V! 1st, Dayt. l>iv., Gs, 1910'
i Bull.N.Y.it E.—1st, 1913
Miss.R.Br’go—1st, s.f.Gs *103 j
N. Y.L. E.itW.—New2d 3
C.B.& Q— Consoles, 1903, 129V 130V
Buff: it S.W.—M.,3s, 1908
94*2! 95
6s, sinking fund, P901
j
71*4
68, debentures, 1913.;..
98 V 99 i• Ev. & T. II.—1 st, cons., Gs! 9 < V
1923
65
la. Div.-S. fd., 5s, 1919) 107
,109 i Mt.Vern’u—1st, Gs,
FI’tit
I’.Marq.—M.Gs,
1920
113
79
Sinking fund, 4s, 19191 *93 i 91
Chic. Div.—5s, 1910
■NevadaCentral—1st, Gs..1 —:I Gal. Har.it S.Ant.—1st, Gs! 109
81
Denver Div.—4s, 1922..;
Hav. Div.—Gs, 1910
N.Pac.—G.l.gr., 1st, cp.,Gs 10IV 101 v
2d, 7s, 1905
1 110 V
Plain 4s, 1921
l()9*a
Tol.P.itW.—1st, 7s, 1917
Registered,
Gs.
1921
...J
101*4
101*2
85
C.R.I.& P.-Gs,Cp., 1917.1 127 il27>ij Mex. it Pac.—1st, os.... *95
Iowa Div.—Gs, 1921
jN.O.
Pac.—1st, Gs, g., 1020 108
84*2
1
*12GV.127*4 i
2d, Gs. 1931
......
Gs, reg., 1917
Ind’polis Div.—Gs, 1921
.
I
Reg., 5s, 1913
Central Iowa— 1st, 7s, ’99j
East,
'
- 1912
ist.Div.—1st,
Gs,
__
■*»
-
1
,
Detroit DivT.—Gs, 1921..
Cairo Div.—5s, 1931
102*2
Wabash—Mort. 7s. 1909
Tol. it W.—1st, ext., 7s
1st, St. L. Div., 7s, ’89
2d, ext.. 7s, 1893
1
Leh.itW.B.—Con.g’d.as.j
Am.D’kit Imp.—5s,1921!
Chit
“ St. Paul—
'
liic. Mil. &
”
,
,
1st, 8s, P. D
..
2d, 7 3-10, P.D., 1898..J
1st, 7s, $g., R.l)., 1902.1
1st, LaC. Div., 7s, 1893.1
1st, I. it M., 7s, 18{>7 .. J
ist, I. it D., 7s, 1899
j
1st, C. & M., 7sz 1903...
1st, Springtield Div.,
7s, 130
1 st! Western
j 108
10 Ohio Central—1st, 3s,1920
jiiv.^ 7s — j 109 *2; ]117
91 | 92
1st, Waco it No., 7s
I H4
-i
1st, Term’lTr., Gs, 1920.
|
I 2d, consol., maine lino,Ss 120
-j: 1st, Min’l Div., (is, 19121 ■
131*2.133
2d, Waco it No., 8s,1915
1 Ohio 80.—1st, Gs,1921
i
i 97
121V'.
;j general, Gs, 1921
! Oreg’n it Cal.—1 st,G s, 19211
128 1128*2 Houst.E.itW.Tex.-lst,7s‘ *98
Or.itTransc’l—Gs,’82-1923,
119*2!
;i 2d, Gs, 1913
!
! Oregon Imp. Co.—1st, Gs.
Equipm’t bds, 7s. ’83.
Consol, conv., 7s, 1907
,
.
87
......
127:t4 l‘J9_
jj
79
Middle Div.—Reg., 5s...I
Gt.West’n—1st, 7s, ’88
2d, 7s. 1893
Q.it Tol—1st, 7s. 1890
99
100
109*4
*35
80
j
i
86
104*2 105
101 1102
11 an.it Naples—1st, 7 s
lll.it So.Ia.—lst,ex.,Gs
73*4
Panama—8.f., sub.Gs, 1910:
Peoria Dec. & Ev.—1st, (is:
Gs.'
..
'
1
121 *2'122V Illinois Central¬
jj Springiield Div.—Cp.
121 |
.
405
Bt.L.K.C.itN.—R.e.,7s 107 109
Omaha Div.—1st, 7s mV-...
105
Clar’ila Br.—3s, 1919 *80*2 85
8t.Clias.Bge.—1st, 3s *80*3
No. Missouri—1st, 7s. 118
VlllV West.Un.Tel.—1900,coup. 115 115*i
115
117
jj 1900, reg
100
------
105
“
; N.W. Telegraph—7s, 1904
’84*101
cMut.Un.Tel.—8.fd,3s,191 lj 79*4; 79V
6s.! 103*2 104 j spring Val. W.W.—1st,(is .
Oreg’n RR.it Nav.—1st,3s 108*4 109
West. Pac.—Bonds, (is HI
80. Pac. of Cal.
1st,(is1 104*4 105
....
State Aid bds., 7s,
Land grant bonds,
iv\j
-
•
Wis.it Min.Div..58.19211
Chic, it N01 fliwest.—
|
Sink, fund, 7s, 1885
1
jj
j
So. Pac.of
!100*4.i 2d, 5s, 1911
1
j Int.1tGt.N0.—1st, 3s, gold
104*2'
!• Couiion. 3s, 1909
.!
99
Coasol. bonds, 7s, 1915.' 133*,:134
Extension bonds, 7s, ’85 *103 *J
1st, 7s. 1885
1 104-V105
113V|117 jj
8378l ^7 !]
j rcent’kvCcnt.—M.Gs,1911! ......j
M
! Lake Shore—
M. 8. .t N.
Coupon, gold, 7s, 1902..I 128
129*j
Regist’d, gold, 7s, 1902. *128
Sinking fund, (is, 1929..! 1 10*2
Sink, fund, (is, 1929, reg 110 j
:
Sinking fund, 5s, 1929..! 102*2 103*2
Sink, fund, 5s, 1929, reg.
Sink’gfd. deb., 5s, 1933j
Escanabait L.8.—1st,(is;
|
j'iiisivm JJiv.| us,
Indianap.D.it 8pr.—1st,7s 105VI
s.
f.. 7s
...
> 1
rt5 Vj 105 V
j!
Clove, it Tol.—Sink’gfd.: 104V
New l)onds;7s, 1883.. j 104V
'!
Clove. P. it Ash.—7s
! 111 *2! • - - - - *' |
120*2 I
Buff, it Erie—New bds .1 119
Kal.it W. Pigeon—1st.. 110
DetrM.it. T.—1st, 7s, 1903; 121
Lake Shore—Div.Jjonds *121
130
Consol., coup., 1st. 7s. j 129
'
,
'39
I.,
99*8
:
Consol., reg., 1st, 7s... *129
'
Consol., coup., 2d, 7s.. 1 123 V! 123*2
131 !
130
Consol., reg., 2d, 7s
!
| 123 V! 123 V
Peninsula—1st, conv. 7s *125
Chic.it. Milw’kce-lst.Ts 123*2 125 i,: Long Isl. RR.—1st, 7s, ’98 121
125
100
101*4
1 st, consol., 5s, 1931
Win.it 8t.P.—1st, 7s, ’87; 107 *310/V :
Louis. West.—1st, (is
j 124
2d, 7s, 1907
'
DcsM.it Min’ap.—1st,7sj
Iowa Midland—1st, 8s..!
*
‘
’
C.C.C.it Ind’s—lst,7s,s.fd.
Consol. 7s, 1914
;
Consol, sink, fd., 7s,1914;
C.St.P.M .it O.—Consol, (is
C.St.lVtM.—lst.Gs, 1918,
.No. Wis.—1st. (is, 1930.!
St.P.it 8.0.—1 st,(is, 1919,
Chic.it E. 111.—1st,s.f.,our.
Chic.St.L.it P.—1st,con.5s
Chic, it Atl.—1st, Gs, 1920
2d, Gs, 1923
..J
Chic.it W. I ml.—1st, s.f., Gs
Gen’l mort., Gs, 1932
1
124*2
Col.<t Green.—1st, Gs,191G
j
2d, Gs, 192G
Col. H.Val. it Tol.—1st, 5s
Del. L.it W.—7s, conv., ’92
Mortgage 7s. 1907
8yr.Bing.it N.Y.—1st,7s
Morris it Essex— 1st, 7s
2d, 7s, 1891
100 V
100
90
....
88*2!
105
G9
118
125 *;
133*2
114
107*4 107 *2 j (Interest payable if earned.)
grants, 7s, ’87-89
110*2 112 i (’ent.Ia.—Cou]>.deb.certs.,
110V 111*2 Ch.St^l’.itM.—L.gr.ine.,Gsj
110*4 111 j Chic.it E. 111.—Inc., 1907*
-1 97*2 DesM.it Ft.D.—lst,inc.,3s
‘iDet. Mack.it Marq.-lnc,
100 j
At.C.it P.—1st,3s,1905) • 93
I 94 |JE.T.V.itGa,—Iuc.,6s,1931j
At, J. Co.it W.—1st, (is
I 91 j Eli/.ab. C. A Nor.—2d, ine.i
Greg. Short- L.—1st, Os*
9.4 V 95 1 Gr.BavW.it St.P.—2d,inc.j
Ut. 80.—Gen.,7s, 1909 *
105 hind. Bl. it W.—Inc., 1919j
Extern, 1st, 7s, 390!)' 98 |
jj Consol., inc., 3s, 1921...
Mo. Pac.—1st, cons., Gs.' .10(5 j 10(1*2 Ind’sDec.it Spr’d—2d,iuo.
=
1 11(1
|1137e
Trust Co. certificates..
3s...i 105V 103 I Leh. it Wilkesb. Coal—’88
9 Lake 14.& W.—Ine.,7s, ’99
7s. 1891
*111 j
S.F.—2d, (is, Cl A* 105 110(5 jj Sand’kv Div.-Ine.,1920i
3-Gs, Class C, !!)()(;....j 104*2
N.O.itMob.—lst,0s,1930; 95
2d, (is, 1930
j 73
E. H.it N.—1st, (is, 1919 104
General, Gs, 1930..'
j 90V
Pensacola I)iv.—(is, 1920:
8t. L. Div.—1st, (is, 1921 j 103
2d, 3s, 1980
j 50' }
19
V-‘ 20*9
Kans.Pac.—1st, 3s,’95
1
1st, 3s, 1893
DeuvvPiv.Gs.as’d,’99
1st, consol., 3s. 1919
C.Ur.U.P.—F.c.,78,’95
St.L.it
C'eeilian
INCOME BONDS.
105
! Laf.Bl.itMim.-Inc.,7s,’99
3-(Js, Class B, 1903 ....I 105 jl05*2 Mil. L. 8h.it W.—Incomes'
1st, (!s, PiereeC.it 0
1
1 Mob.it O.—1st,prf.,deben.
2<1, prof., debentures—
Equipment, 7s, 1895.. *102
...|
1:
3d, pref., debentures....'
Gen’l mort., (is, 1931..
4th, pref., debentures ..
So. Pac. of Mo.—1st,(is *101 *>
117*2
N.Y.Lake
E.itW.—luc. (is
I Tex.it Pac.—1st, (is, 1905'. 105
Consol., Gs, 1905
! 90 | 93 1 N.Y.P.itO.—lst.iuc.aci,7s
51*4; 51V Ohio Cent.—Income, 1920.
Ilieome it Id. gr., reg..
Nnshv.it Doe.—1st. 7s.! 117 1119
t
1st,Rio G.Div.,Gs, 1930
72V| 73 1 Min’l Div.—Inc.,7s, 15)21
8.W. N.Ala.—8.f.,Gs,l910j
HO
Ohio 80.—2d inc., (is, 1921
Pennsylvania RR.—
Leban’n-Knox—(is, 1931 100
1
Pa.Co.’s guar.4 *2S,lst,cp
93*2 97*2 Ogdens.it L.C.-Ino., 1920
it Louisv. C.it L.—(is, 1931 100
PeoriaD.itEv.—Inc., 1920;
*96
91 *2
Registered, 1921
L.Erie it W.- 1st. (is, 1319
Pitt.C.it St.L.—1st, c.,7s ■120 *2
jj Evansv.Div.— Inc., 1920j
is SnnduskvDiv.—(is, 1919
L Peoria it Pek.Un.—Inc.,3s
1st, reg., 7s, 1900
90
80 ! Laf.Bl.it M.—1st, (is, 1919
| 97
! Roch.it Pittsl).—Inc.,1921
97 *>
2d, 7s, 1943.
120
i Louisv.N.Alh.itC.—1st,(is
Rome W. it Og.—Inc., 7s. j
Pit ts. FtAV.it Chic.—1 st 138*21
132 ! fMauhat.B’ch (’o.—7s, 1909
So.Car.Rv.—Inc., (is, 1931 j
i
135*2!
2d, 7s, 3 912
N.Y.it M.B’li—1st,7s.!97
St.L.itl.Mt.—lst,7«,pr.i.a.
1135
:
3d. 7s. 1912
j Maiictta it Cin.—1st, 7s..
St. L.A.it T. H.—Div. bds129
Clev.it Pitts.—Coas.s.fd.
3 ;Mctropolit’n El.—1st, 1908 103 *2 107*2 i
123
113*2
113
119*2 120*2
117*8
Land
I
!113*4 j
Sinking funds, 8s,’93.: 114 V HO :!
Peg., 8s, 1893
! lit jilt*2 )Alleg’nyCent.—Inc., 1012;
Collateral Trust, Gs... *105 !
Atl. it Pac.—Inc., 1910...
do
os, 1907
*95*2 97 j‘Central of N. J.—1908 ....
2d,
Consol., 7s, 1X9S
Br’ch—7s, 1907
124*2
113
.
3d. 7s. 190(5
Par. of Mo.—1st,
Louisville it Nashville—
Mil.it Mad—1st,Gs.l905:
1
Ariz’a—1st, (is
So.Pac.of N.Mex.-lst.Gs
Union Pacific—1st, (?s J
!!”!!
30
20" 'W
.....
....
38
31
25
-
52*a
10
14
24*2
23*"
69
69
50
49
.....
'60*'
60
30
53
'55'"
-
1)
No
prices Friday; these a 0 latest quotations made this
week.
"
83
36
82
33
20
33
80
37
33
27
23
....
40
....
.
ijPRiL 12,
THE
1884.]
CHRONICLE.
New York Local Securities.
COMPANIES.
PRICE.
(
Jfftrked thus (*) are Par,
Bid.
National.
not
Quotations In Boston, Philadelphia and Baltimore.
Insurance Stock List.
[Prices by E. S. Bailey, 7 Pine St.]
Bank Stock List.
SECURITIES.
PRICE.
COMPANIES.
Ask.
451
Par.
Bid.
Ask
Broadway
| 25
25
Butchers’ A Drov’s’,
Central
' 100
I 100
Chase......
25
Chatham
Chemical
Citizens’
City
■•oo
%
10,.
100
Commerce
Continental
; 100
Exchange*—j 100
East River
j 25
Eleventh Ward*.... i 25
Filth
| 100
Filth Avenne*
j 100
First
100
Fourth
; 100
Fulton
j 30
Gallatin
i
50
Corn
I 100
Garheld
German American*.!
75
German
Excliiii!ge*| 100
100
25
100
Germania*
Greenwich*
Hanover
Imp. & Traders’
! 100
j 50
Irving
Leather Manuf’rs’.. I 100
Manhattan*
I 50
Marine
100
Market
j 100
Mechanics’
|
25
Mechanics’* Trade*
25
Mercantile
i 100
Mercnants*
>
50
Merchants’ Exch...1
50
1 100
! 100
Metropolis*
Metropolitan
Murray Hill*
100
Nassau*
:
New York
New York County ,i
N. Y. Nat. Exch....
Ninth
North America"
North River*
Oriental*
Pacilic*
Park
People’s*
Phenix
Produce*
Republic
8t. Nicholas*
Seventh Ward
Second
Shoe A Leather
State of New York*
Third
;
Tradesmen’s
Union
United States
Wall Street
We9t Side*
100
100
100
169
135
174
285
155
130
131
150
2020
Bowery
Broadway
Brooklyn
25
25
17
150
108
150
165
170
Citizens’
20
140
City
160
113
153
175
175
150
120
125
115
120
60
90
230
240
loti V
250
260
Eagle
40
124*3 Empire City
70
SO
100
i«o*
90
100
30
Exchange
122
107
112
Farragut
50
Firemen’s
80
17
85
Firemen’s Trust
10
70
80
400
Franklin A Emp..
105
119
100
2‘>5
German-Ainerican
100
10
132 V
Germania
50
135
140
Globe
50
110
115
iso"
Greenwich
25
230
290
Guardian
100
60
65
103"
Hamilton
110
15
115
Hanover
50
137
145
Home
100
135
140
110
Howard
50
60
65
155
162
60
70
Irving
100
2»>5
J efferson
125
30
130
143 V 146
Kings C’nty (Bkn.). 20 200 210
172*3
Knickerbocker
40
85
I 90
10wV
108
115
Long Isl’d (B’klyn) 50
Lorillard
25
65
75
15014
Manufac. A Build..TOO
95
105
152
Mech. A Traders’
25
85 ! 90
Mechanics’ (Bklyn) 50
105
; no
123
125
Mercantile
50
60
65
ml
Merchants’
50
105 ,110
b2
'05*
Montauk (Iiklyn.)..
105
50
; 110
Nassau (Bklyn.)
50 ! 145 ,150
National
\
:
37 V 60 I 95
N. Y. Equitable ...' 35
150 T60
145
N. Y. Five
100
I 80
jICO
! 95
165
120
130
Niagara
1 50
North Itivor
25
i 105 1110
Pacilic
•
25
135
i 175
12 0
Park
100 TOO
103
10S
Peter Cooper
20 1155
165
50
People’s
1108 !115
Phenix
I
50
T40 ,148
25
Rutger’s
115
120
168
17 i
Standard
50
i-0
100
153
Star
100
60
65
107
60
Sterling
100
! 65
120
125
Stay vesant
25
128
135
Tradesmen’s
25
70
75
150
United States
25
127
133
110
Westchester
10
120 ! 125
135
Williamsburg City. 50 2U0 210
144
70
Clinton
Commercial
Continental
2 23 Hi
200
100
50
100
.
.
..
...
100
100
70
30
25
50
100
25
20
50
100
100
100
100
100
100
100
40 112
50 170
100
50
100
Gan ami
American
50
Arner. Exchange... 100
121V
City
...
.
.
.
.
Citizens’ Gas-L. (Bklyn).
Bonds
Harlem
178
Railroad Stocks
and
Bends.
2,000,000
1,200,000
315,000
1,806,000
760,000
4,000,000
2,500,000
750.000
3,500,000
1,500,000
1,000
25
Var’s
100
10
.....
New York
People’s (Bklyn.)
Bonds
Bonds
Central of New YTork
1,000
Var’s
50
50
Williamsburg
Bonds
Period
j
25
20
50
20
50
100
600
100
Manhattan
Metropolitan
Bonus
Mutual (N. Y.)
Bonds
Nassau (Bklyn.)
Scrip
Amount.
Municipal
Bonds
Fulton Municipal
Quar.
M.AN.
1,000,000 Var’s
700,000 M.AN.
4,000,000 M.AN.
1,000,00011. A J.
! 375,000 M.AN.
125,0001 Var’s
406,000 F. A A.
T,000,000 Quar.
'
OUU.UWV
1
100
d
•
OJ
0
.
Bl’ckerSt.A Fult.F.-Stk
1st mort
BrVlway A 7 th Av.—St'k.
1st mort
Brooklyn City—Stock
1st mort..
Bklyn. Crosstown—Stock
TOO
1,000
100
1,000
10
1,000
100
1st mort. bonds
fiustiw’kAv. (Bklu)—Sl’k
1,000
100
vept.Pk.N. A E. Kiv.—stk
100
•
mort. bonds
vhriat’ph’rAlOth St-Stk
....
BryDk.E.B.A Bat’y—Stk
1st
1,000
100
1,000
100
1,500,000
2,000,000
800,000
200,000
400,000
J. A J.
A. AO.
J.AJ.
Q.—F.
500,000 Q.-F.
1,800,000 Q.-J.
1,200,000 J. A D.
650,000 F. A A.
250,000 A. AO.
1,200,600 Q.—F.
500Ac.
900,000
100 1,20(1,000
Eighth Av.—Stock
100 1,000,000
Serin
100 1,000,"00
42d & Gr'nd
100
St.F’ry—Stk
748,000
1st mort
Roust. W.St.AP.F’y-Stk
1st mort
second Av.—stock
8d mort....
J. A D.
F.A A.
Q.-.T.
F A A.
M.AN.
236,000 A. AO.
Sixth Av.—stock A
scrip
let
more
Third Av.—stock
let mort....
Twenty-third
_
tet mort
1,000
100
.*.*.*.*
St.—Stock.
600,000 Q.-J.
1,000
100
500
100
1,000
Consol
1,000
100
1,000
250,000 M.AN.
250,000 Q.-F.
500,000 J. A J.
1,396,500
150,000
J. A J.
A. A 0.
1,050,000 M.AN.
1,500,000 M.A S.
500,000 J. A J.
100
2,000,000 Q.—F.
1,000 2,000,000 J. A J.
100
1,000
*Thii column shows last dividend
il8*v
i'os’v
87
Counect’g 6s, cp., 1900-04
Cor.Cowan A Ant.,deb. 6s,
rg. A cp.,V.
106
Del. A Bound Br —1st. 7s
!
87*3 East Penn.—1 st, 7s, 1888
Easton AAmb’y— 5s, 1920
11G34 Delaware- Os,
600,000 F.A A.
250,000
on
M.AN.
115
15
Rutland—6s, 1st.:.
99
Sonora—7 s
STOCKS.
Atchison A Topeka
Boston A Albany
Boston A Lowell
Boston A Maine
Boston A Providence
114V 115 Vi
88 V 90
121
132 V 13 3
123 I
84 V
102*4 103
122
77V 77
..J 178 V 179
1116
I
165
108
1U2
'Oil City A Chic.— 1st, 6s..
Oil Creek—1st, 6s, coup..
100
....
122
106 V
Norfolk A West.—Gen.,6s
N. R. Div., 1st, 6s. 1932
Pueblo A Ark. Val.—7s..
101
(Peunsylv.—Gen., 6s, reg. 120 V
j Gen , 6s, cp., 1910
iis"
Cons., 6s, leg., 1905
i Cons., 6s, coup., 1905... 118
105
| Cons os, reg., 1919
I Pa. A N. Y. C.-7s, 1896. 122*3
129 j
! 7,1906
i Perkiomen—1 st, 6s,cp.’87 100 V
j.jPliil AErie— 2d.7s,cp.,'88 111
I Cons., 6s, 1920..........
104 V
-*|j Cons., 5s, 1920
122
i’io’
,
Cheshire, preferred
Chic. A West Michigan..
39
A Clove.
*03
j
Connecticut River
Conn. A Passumpsic
}
Conuotton Valley
!
Det. Lansing A No., pref.,
Eastern, Mass
i
Eastern, New Hampsli..;
Fitchburg
' 11*8*
28
Flint A Pore Marquette.
j
Preferred
Fort Scott A Gulf
Preferred
Iowa Falls A Sioux City.
Kan. C. Springf. A Mem.
Little ltock A Ft. Smith.j
Louisiana A Mo. River..
Preferred
!
Maine Cent ral
j
Manchester A Lawrence.!
Mai q. Hougbi’n A Onton.|
1! Pliila. Newt. A N.Y.—1st
iPliil. A IL—1st, 6s, 1910.. 120 i
I
113
2d, 7s, coup., 1893
39 V ' Cons., 7s, leg.,
Mill .... 127 V
I
127
I
1911..
Cons., 7s, coup.,
! Cons., 6s, g., I.R.C.1911| 114
1 30
i 1
Imp., 6s, g., coup., 18971
104 Vj!
| Gen., 6s, g., coni)., 1903,
I
Gen., 7s, coup., 1908-•...) 107 *3 T 08
Income, 7s, coup., 1896i
99-4 99 V
85
Cons.
5s, 1st ser.,c.,1922|
!
j
70
Cons. 5s, 2d sor.,c., 1933'
|
95
Conv. Adj. Seiip, ’85-881
94
75
Debenture coup., 1893U
1
110
38
ioiTToiT
2i"
....
28
JS
r*s4*'i
i* 2*6
Oil
21
*9*5**
Scrip, 1882
1
Conv., 7s, R. e., 1893..t
cp.off, Jah.,’85
86
98
86 Vi
93
V, 93 V
Conv. 7s,
23
:
Phil.Wil.A Balt.—4s,tr.ct
Pitts.Cin.A St.L.—7s, reg
Pitts. Titus. A B.—7s.cn.
Shamokin V. A Potts.—7s
<lien. Val.—1st, 7s, 1909
Gen’l 6s, 1921
94
95
125
1*1*3*
113V
80
Rutland—Preferred
Revere Reach A Lynn
Tol. Cinn. A St. Louis
Worcester A Nashua.:...
Wisconsin Central
...
Income, 6s, 1923
Income, 5s, 1914
y*2*i** Sunbury
A Erie—1st, 7s.
,1
Snub. Haz. A W.—1st, 5s
VS1
v
2d, 6s, 1938
57
Syr.Gen.ACorn—1st, 7s.
12 ■J
Union A Titusv.—1st, 7s.
United N. J.—Cons.Gs,’04
Cons. 6s, gold, 1901
Cons. 6s, gold, 1908
Gen., 4s, • old, 1923
—
Warren A F.—1st, 7s, ’96
West Chester—Cons. 7s..
W. Jersev-—! st, 6s, cp.,’96
Allegheny Valley
Ashtabula A Pittsburg..
Preferred
Bell’s Gap
Buffalo N.Y. A Phil
Preferred
Camden A Atlantic
Preferred
Catawissa
1st preferred
2d preferred
Delaware A Bound Brook
East Pennsylvania
Elmira A Williamsport..
Preferred
’*84
Huntingd’n A Broad Top
Oct.,
Jan.,
Mch.,
Preferred
82
7
24
.
27
25
IV/I
i AV/
98
Broadway.]
25
112V
ICO
7
June. ’81 100
3Vi Feb..
’84 210
5
Jan.. If 02 106
4
A m il, ’84 155
7
Jan., 1888 105
2
Feb.. ’84 LOO
2
April, ’84 141
7
Dec.. 1902 118
2Vi Feb.. ’84T18
7
Oct., 1898T10
4
Feb..
’84'210
7
June, ’93 114
6
19L4
105
3
April, ’84 265
6
Feb., 1914 105
6
Nov., ’83 240
7
April, ’93 112
IV April, ’84 127
6
Nov.. 1922 111
2
Feb., ’84 no
J uly,
7
’94 111
5
Jan.,
’84 200
7
April, ’85 102
7
May,
’88 107
10
Mch., ’84 310
7
inly, ’90 no
4
Feb., ’84 270
7
Jan., ’90 111
4
Feb., ’84 165
M ay,
7
’93 no
215
no
165
112
165
144
121
122
116
230
116V
110
290
no
1255
117
132
112 V
113V
210
103
108
325
115
280
113
172
113
stocks, but date of maturity of bondi.
Nesquelioning Valiev
Norfolk A West’n—Com.
Preferred
Northern Central..
North Pennsylvania
Pennsylvania
Philadelphia A Erie
50\
60;,s
Oliy
'*6*0 Vi
67
60 Vi
19
17
Pliila. Ger. A Norristown
I’liila. Newtown A N.Y..
Pliila. A Reading
Pliila. A Trenton
Pliila. Wilm. A Balt
Pittsb.Cin.A St. L.—Com.
United N. J. Companies..
West Chester—Cons. pref.
West J ersey
West Jersey A Atlantic..
CANAL STOCKS.
111V lllVi
*
*263-
**4*4
Schuylkill N.w.. pref...
*4*5*
38
48i
Lehigh Navigation
2*6 *7(*
192 3& 192 V
Pennsylvania
48-\
17 V
.
RAILROAD BONDS.
Allegh. Val.—7 3-10s, ’96
7s, E. ext., 1910
Inc. 7s. end., coup., ’94
Aslitab. A Pittsb.—1st,6s
1st, 6s, reg., 1908
Belvid’e Del.—1st,6s, 1902
2d, 6s, 1885
3d, 6s. 1887
Bell’s Gap—1st, 7s, 1893.
1st, 6s, 1905
Consol.. 6s, 1913...
Buff. N.Y.A Phil.-lst.6s
2d, 7s, 1908
121
3014
122
30V
1011.4
91
106
121
101
10 L
109
97
Parkersburg Br
91V
^
97
RAILR’D STOCKS. Par
Atlanta A Charlotte
Baltimore A Ohio
100
1st pref
2d pref
73 V 76
197 V 198 Vi
132
129
9
50
50
51
Pittsburg A ConncllsviJle
Western Maryland ....50
15
RAILROAD BONDS.
Atlanta A Chari.—1st
Inc..
i-.'
16
11334
86V
102
Balt.AOliio—6s„’85A.AO
Cen. Ohio.—6s, 1st,M.AS.
Chari. Col. A Aug.—1st..
88
102U
1U8V
109*;
2d
Cin. Wash. A Balt.—lats.j 101V 10134
71 '
70 V
2ds
f
35
36
3ds
ColumbiaA Greeny.—Ists lOOJ* 101
71
69 a4
2ds
104
No.Central—Gs, ’85, J.AJ.
116
V
6s, 1900, A. A O
6s, gold. 1900. J.AJ
5s, Series A
5s, Series 1>
P i 11 sb. A Con ’ ells.—7 s J A J
i Union Rlt.—1st, gua.JAJ
„
„
„
„
w
103
......
123
119
ll9-
103 V
103V
123 V
Canton endorsed
Virginia A Tonn.—6s
8s
99
Cons. 6s, 1921
1 st. Tr. 6s. 1922
•Ex-dividend.
..
Cons., 7s, reg., 1911 —
Greenw’d Tr., 7s, reg...
Morris—Boat Loan rg.,‘85
Pennsylv.—6s, cp., 1910..
Central Ohio—Com
i‘07
73
jj 2d,'6s, leg., 1907
[jqj
BALTIMORE. !
66
50 Vi
10 Vi
39 Vi
*
102 V 1*03
115
116
125
126
......
Little Schuylkill
Mineliill A Soli. Haven...
i 16
109 V
Schuylk. Nay.—lxt,6s,rg.
1* referred
96*"
56*6*
Lehigh Nav.—6s,reg.,'84.
1897.
'*9*6'
106
CANAL BONDS.
Ches. A Del.—1 st, 6s, 1S86
Mort. 11R., reg.,
40
58
49 Vi
113
7b
69V
58
13d
121
93
47
113
115 V
-1st, 7s,'1899
Cons. 6s, 1909
17
W.J erseyA Atl.—1 st.Gs.C.
|Western Penn.—6s,coup.
6s, P. B., 1896
24 V.
Gen., 7s, coup.. 1901
7 v
14
70
Lehigh Valley
1883
145
124 >3
AWmsp’t-1 st,6s, 1910
5s, perpetual
East’rn, Mass.—6s, new..j 111*3 111!
Hamsb’g—1 st, 6s, 1883..
Fort Scott A Gulf—7s
115
i
H AB.T.—1st, 7s, g., 1890
K. City Lawr. A So,—6s..: 109
109 V
Cons. 5s, 1895
K. City St. Jo. A C. B.—7sj 112
ItliacaAAth.—1st, gld.,7s
Little It. A Ft. S.—7s, 1st
92
Junction—1st, 6s, 1882...
K. City Sp’d A Mem.—6s
89
89 *2
2d, 6s, 1900
Mexican Central—7s
57
57 V Leh.V -lst,Gs,C.AR.,’98
14 V
Income
14 3,
2d, 7s, reg., 1910........
N. Y. A N. England—6s..
97
98
Cons. 6s, C.A R., 1923..
105 38 1U6
7s
N. O. Pac.—1st, 6s, 1920.
N. Mexico A So. Pac.—7s
No. Penn.—1st. 6s, cp.,’85
Ogdensb.A L.Ch.—Con.6s
2d, 7s, cp. 1896
Income
Gen., 7s, 1903
Old Colony—7s
Debenture 6s, reg
|
6s
PHILADELPHIA.
Feb.,
Feb.,
u
1*17*
El
!
5s
RAI LROA D STOCKS, j
94
J. AD.
....
1st mort
A nr..
122
Chart’rs V.—1st, 7s, 1901
Nebraska, 6s. Exempt
Nebraska, 6s.Non-ex’pt
Nebraska, 4s
j
Conn. A Passmnpsic—7s.
Conuotton Valiev—6s
!
Preferred.".
’84
’81
’83
’81
’83
’84
J84
•Vi Jan..
900,000 J. A J.
’84! 23
700,000 J. A J. 7
July,1900 111
2
2,100,000 Q.-J.
April, ’84 155
mort., consol
Serin
Central GToastown—Stk.
*
6
1902
3
Sept., ’82
3 V Nov., ’83
5
| Feb.,
3 >3 Jan.,
3 V Nov.,
3
Oct.,
2,000,0001
[Quotations by II. L. Grant, Broker,
Bonds
2 Jo
'Too '3,000.000
Equitable
Consol,
R:ate
1,000 11,000,000 A. A O.
100 : i,ooo(ooo M.AN.
100 3,000,000
750,000 M.AN*.
Metropolitan (Bklyn.)...
cou. c.
Chat, M., 10s, 1888
New 7s, reg. A coup
j 140 V
.
Date.
5
Var’s
Feb.,
Var’s
3
Jan.,
A. AO. 3 Vi Oct.,
F. A A
3
Fob.,
J. A J. 7 V July.
J. A J. 5
April,
M.AN. 10
Feb.,
F. A A. 3
110
Catawissa—1st, 7s,
...
1,000
Jersey City A Hoboken..
7s
Preferred
Par.
1
2d, 6s, 1904
Cons., 6 p. c
iiT"
Nashua A Lowell...*
15 V I 1534
N. Y. A New England
113
Northern of N. Hampsh.i 112
Norwich A Worcester...
Old Colony
; MO
Portland Saco A Portsm.
[Gas Quotations by Geo. H. Prentiss & Co., Brokers, 11 Wall Street.]
GAS COMPANIES.
Cam. A Atl.—lst,7s,g.,’93
Cam. A Burl. Co.-6s.’97.
i
68
Boston A Lowell—7s
6s
Boston A Providence—7s
Burl. A Mo.—Ld. gr., 7s.
Cinn. Sandusky
Concord
Ask.
106 >3
110
118
Arabov—68, c.,’89
Mort., 6s, 1889
117
92 V
18
1 ncome
Albany
Bid.
Cam. A
122
Boston A Maine—7s
Boston A
SECURITIES.
Buff.Pitts.A W.—Gen.,6s
BOSTON.
Atch. A Topeka—1st, 7s.
Land grant, 7s
Atlantic A Pacilic—6s
...
America*
100
Amer. Exchange... I 100
Ask.l
Bid.
,
t Per share.
W.Md.—6s, 1st* g.*,* J. A J*.
2d, guar., J.AJ
2d, guar, by W.Co.,J.AJ.
6s, 3d, guar., J.AJ
Wilm. C <feA.ig.-6s
Wil. A Wemon—Gold, 7s,
In default.
103
103V
126
10. »v
112
113
113
120
} Ex rights.
......
THE CHRONICLE.
452
RAILROAD
EARNINGS.
The latest railroad earnings and the totals from
I itest date are given below. The statement includes
earnings of all railroads from which returns can be
Jan. 1 to
the gross
obtained.
The columns under the heading “January 1 to latest date” fur¬
nish the gross earnings from January 1 to, and including,
the period mentioned in the second column.
K.C
Latest
Earnings Reported.
Jan. 1 to Latest Date.
Roads.
Week
or
Mo\
1884.
1883.
1884.
1883.
*
169.181
5?
%
167.046
85.057'
82.451
j February..
flAtch.T. A S Fe January... 1,172,3 18 1,065,791| 1,172,348
340,307
ITS,23 6, 1 47,069,
Buff. N.Y. A Phil. IFelmi iy..
633.176
04,048
81.3u0;
Bur.Ccd.R.& No.jDliwk Mar
87.non
87.000!
863,346
Canadian Pacific 1st wk Apr
1 5,826;
' 115,182
March
324,296
Central Iowa
! 1,02 1,0.a) 2,024.533 4,591,000
Central Pacific.. March
09.492
66.8-11
761,875
Chesap. & Ohio 3d wk Mch!
128.585
1-2.019
Eliz.Lex.&B.S. od wk Mdij
15.001
183,841 1,933,807
Chicago A All on 1th wic Man 184.343
Chic, liurl. & Q. J February J 1,971.013 1,611,0 L1 3,619.233
316,779
31,789
36,325
Chic.A East. III. 4tli\vk Mar,
59.603
60.057
521,636
Chic.&Gr.TnuilqWk Mar. 85
06 5.000
463,202
Chic. Mil. & St P. 1st wk Apr, 491,000
428.000 5.081 300
Chic. & Notthw. 1st wk Apr! 426.200
108,900 1,252,300
Ch.St.P.Min.&O. 1st wk Apr! 129.000
349.159
47.431
40,446
Chic. & W. Mich. 4thwk Mar
509,500
70,057
62,357
Cin.Ind.St.L.&C. 4t!.\\k Mur
160.317
154.127
312,581
Cin. N. O. & T. P. Febrtia- y.. |
5 2,24 5
104.043
50,69;
Cin.Wash ABalt. 4thwk Mar
100.528
l6.o4l
12.8211
Clev.Akr**n&- ol 4thwk Mar
315 540
556,49 1
Clev.Col.C.& Ind February..1 281,053
25.740
13.511
14,293
Danbury A Nor. February..
100.40<»
583,391
96,100
Denver & Rio Gr. 1st wk Fei>
5.S93
7.824
72,454
Des Mo. & Ft. D. 3d wk Mch
39.4(9
297,*. 62
49,449
Det.Lans’gA No. 4tliwk Mar
28.919
,212,191
17,876
Dub.ASiouxCity 4ihwk Mar!
5z 1.370
271.430
February.. | 277,913
Eastern
69.298
699.0*0
68,780
E.Tenn.Va.&Ga. 1st wk Mar,
153.011
19.384
17,265
Evansv. & T. H. 4iiiwk Mar
85.372
70,1'0
594,899
Flint & P Marq. 4th wk Mar!
22.974
269,080
20,233
Flor.R’way A N. itliwk Marl
8»*.300
‘26,*260
29,600!
Ft.Worth A Den. March
|
Wk Apr. 5j 317,306
380,966 4,228,940
Grand Trunk
10,181
86,136
Gr Bay W.ASt.P. -Ithwk Mur.
13,99*2
398.796
I 1 :4,()12 141,104
Gulf Col ASanFe March
21,7 88
50,741
Hous E.AW.Tex February .'
26.899
215.720 2,445,760
'Ill. Cent. (III.)., itliwk Mar
215f20o
33,000
395,500
Do
52,089
(Iowa) 4thwk Mar
633,865
Ind. Bloom AW. Ithwk Mar
62,851
58,030
46,830
497,349
38,179
Ft.S.A Gulf 3d wk Mch
15.817
189,210
Kan. C. Sp A M. 3d wk Mch
77.67r
33.751
29,027
Kentucky Cent’l 3 wks Feb.
87,638
87,638
123,57*2
L. Erie A West’ll January
119.928
48,047
43.817
L.Rk.AFt Smith March
25.698
32,508
L.Rk.M Riv.AT. March
489.789
51,839
48,5! 0
Long Island
1st wk Apr
3.59,700 3,232,118
373,240
Louisv & Nasliv. 4thwk Mar
63,4 43
20, *9 6
24,331
Mar Hough. A O. Match
..
113,334
191.000
337,546
101,820
151,288
41,000
March
8.700
Mex.Nat., No. D. 1 st wk Apr
15.900
Southern Div. 1st wk Apr
7,721
Other lines.... 3d wk Mch
15,875
Milwaukee A No 4thwk Mar
16,810
18.770
21,895
Mll.L.Sh.&West. 1st wk Apr
107.518
Minn. & St. Louis .February..
96, t9 L
181.814
188.895
Mobile & Ohio
March
210.495
195,263
Nash. Cli.A St.L.]February..
5,301
3^,738
N.O & Northeast February"..
237,711
N.Y. & New Eng February..
252,513
N.Y.L ErieAW.J February.. 1,233,409 1,283.616
N. Y. Pa. & O.lF. bruary.
386,742
64.140
66.69 7
N.Y Susq. AWest February..
203.158
213,117
Norfolk & West. jMareli
57,055
55,705
Shenandoah V March
Northern Centr’l February.. 398.613 486.86 s
172.1 0
317,606
Northern Pacific 1st wk Apr
49.160
42.49 1
Ohio Central
|3 wksMcii.
1"1, '03
Ohio& Miss
jlst wk Mar 112,*'52
61.997
5 7,3 0
Oregon A Cal... February..
26 4.19
23 s,5 97
Oregon Imp. Co .Jam-ary ..
233.238
187,503
Oregon R.AN.Co February..
Pennsylvania... February. 3.4*26 73 5 3,712,215
1 6.029
20.11'
Peoria Oee aEv. 4tli\vkMar
Phlla. A Read’g Fcbitmiy.. 1,236,940 l,453.8t.2
Do
Cent N.J February..
705,102
344,959
637,317
7 66,74 l
273,091
5,238,1 Gri
685,556
139,722
1.890,464
3,236.701
390,716
4-3,173
5,123,176
5,192,309
1,141,€93
350,101
559,522
339.847
490.962
118 9 53
626,706
28,961
564,182
6 4,652
339,020
245.70 4
51.8.464
7U.5.061
169,145
586,167
232.397
7.5,-JOO
4,700.745
85.129
4; 6.709
46,637
2,750,0: 0
453,<*09
719,875
409,244
.
956.779
338,3'«.
C. A Iron February..
Bichm’dADauv. March
Cli.Col.A Aug. February..
Columbia A Gr. February..
Va. Midland
February..
West. No. Car. March
Koch. A Pittsb’g Ithwk Mar
Bt. Join is'*. A L.C.l January...
Bt.L Alton AT. 1I.JI 1 h wk .Si hr]
132,630
Net
Legal
Tenders.
Specie.
Deposits
Circular
other
than U. S.
57,775
318,164
8*2,9'1
71.228
109,59c
27,884
24,96
§12,640
36,(»s5
20.55u
.5,38 1
45,-i(»7
86,000
(brclis.);4tliwk Mar
923.3 19
344 9 0
9 1.(09
100,355
268.430
229,919
22*, «31
539.581
569,301
397,487
392,651
2.505,740
8 2 ',3ss
1910 07
'
8.985
483,392
2,80a,485
80S,459
131.801
59 4,900
14 5.765
986 118
2.30 i.600
1,50 1.358
213,042
137,491
128,195
651,49 4
170,439
$4 84*2 $$4 89
3 85 d> 3 90
Sovereigns
Napoleons
X A Reichmarks. 4 74
X Guilders
3 96
®
®
4 78
4 00
Span’h
Doubloons. 15 75 -a 16 0 >
Mex. DounliH)ns..l5 45 al5 60
Fine silver bars
..
1
Pine gold bars....
Dimes A ^ dimes.
—
11*4^
1
113*
par/»>prem
99
3>
par
turn.
Ward
4«,4O0:
468,600'
3,2*8.000!
352,900}
1,002,7901
2.6-3.300,
175.090i
Peoples’
North America
It nover
Jiving
3.097,200
Nassau
Market
St. Nicholas
Slice A Leather..,
Corn Exchange
2,635,309
Bowery
G
371,425
201.147
Silver
and ^s.
Five francs
Mexican dollars..
Do uneomnierc’l.
Peruvian soles...,
English silver
....
silv. thalers.
U. 8. trade dollars
U. S. silver dollars
—
99 V&
—
92
3.851.900
Avenue
United States
Lincoln
Garfield
2,182,400,
459.100
F#iith National
1,183,900:
138.3 0
The
par.
i 4
are
Loans.
1881.
L. Tenders.
Specie.
1884.
Loans.
|
Spede.
S
1
$
L. Tenders
J
31..
Air.
*
.
1
1 80.01 1.1T.
80.612,603
80,452,233
297,000
45,000
0. ' 4 8.30 *
674,200
16.231,990
5.67!,000
449,900
1.307.400
269,266
1,9*8.400
2,363.300
225,000
180,000
2.116,1-00
298,500!
2.225.600
45,666
5,717.-90}
2.543.600
2,423,200
147.- 00
5.555.700
256.700,
2,065.800|
150.400,
00.200
448.600
44.300
180.000
763.700,
1,144.609
135.000
Deposits.
Circulation Aqq. Clear’gt
Deposits.*
Clear'g»
Circulation Aqq.
$
$
$
64,424.386
P5,47\900 23,800,*'00
91,480,700 23.880.300
9 ;,07*,GOO 23,017,900
50.439.108
1,903,147
■
Utar’gt
$
$
10,^1.01«
19 300,208
18,681, i 2-T
■72,72 3,1 tr»
71,720.648
71, 54.147
$
9.002,169
8.755. 9 *
4
8,752,253
.>7,954,753
P»;.
$
50.90 '.905
■
0
10.394
Unlisted Securities.—Following are latest quotations
week
for a
past:
Bid.
Securities.
Am. S te 1) p.— ^erp.dcb.
Atlaiiiic A P •(-.—6s 1st 51
Blocks, 3 > ]). c,
Div, old
Cent.
Div.. ne *
Accmmil ued land grant
Bo-t. H. A E.—No.* stock
Old stock
Host. tt.T.A West.—St’ck
C< lit.
.
-
.
93
81
6*
13 h
.
1 )ebem tires
B’kiyn E evated—Asa’tpd
1 si mo; t atS'T p.*id
1'iltl.N 5 <.V Pit.—Trust,6s
Cent, of N.J —Deb* lit
vG.Tr.-N. W.G.’l v ,1st
Cottiineiual Const.Imp.( 0
Denver a New Oil -an*...
Dcnv A Rio Giaude—C*>n*
i
5s
Dcnv. A Rio Gr.W.—1st M
Edison Eha ti ic J.ivln
514
5d34
12
...»
70
Jo
2
4
93a
20
27 H.
Gioigia Pac,.—-to.„k
1 st liioriCs
9
Pi- f
1st mort
M. K.AT.—1 ticonie sen"
1 2
..
Sic.
S
..
8
6
89 <4
10
2^2
46
8
1034
80 *a
72 *$
17
23ifl
0
...»
80^
9(>"
7*«
58^
.
..,
St. Joseph
St. Jo. a;
50*2
65
1J0
25
29
17 D
95 78
50
settleaieiit, 5s
t.3sj
Settlement, 6s
|
I'ev.AC I. 1" p.—Ex-bondTexas Pacific—Old scr p.
New sci
,
ip
Tex. st.L.—M AA.div.,1st
8 i Tol. Ci 1. A St. L.- 1st .U..
3 -,,J8 U. S. Electric Light
Vic. sb'ira A Meridian ..j
90
46
1*1 mort
4
6b
2d moit
incomes
47
501*
5 - V
79*4
9 -*•’’«
6
42
40
12
9*
3 k>
10
4-4
42
60
.
"4**
id
4
!
50
9>
48a4
mort.J
j
;
10
19
99
A •Western — 'Vhm
Pac., 1st mori.j 97-b
2d mo t
K:ih*. A Neb., 1st
2d mort
*1 Stale of Tenn.—Se.’ni
10
-
Bid.
-----
25:,4
.
j
Sccnrtes.
105
M<>. P icilic—Cowdrv cttsJ
5^4
New Jorscv 8011 ihem
1
V
X. Y. M. I'ii. IV .—Stork.! 47
105
10
90
' X. Y. W. 8h. A H.-.*ioC n
80
X or folk A W« st. — Deb y..
7 l34
Xortb. Pac. — Inv. bonds..
7* Xor h Riv. Cons. —100 p.c.. 16
iJltio
Cent.—Riv. Div.. l.-*t
-v
8
Incoie*
1 3h
5
61
Pensacola
A At antic
j
1 st mort
’ 7U 7s
35
’ 20
j Pii 1 sbiirg .v Wistern
i
1st mort
'7q
Pn> al Telegraph—Stock 1
1 >t mo 1., 6s
' 53 hi
l'el.A Cable—^tock
1 Postal
r>
80
6J
: to.
>
.4
......
94 4
loL
Ft.Worr.li, Dell — Citv del.
when iss. on T.AU.-tiibs
Flint
Peru M u q.iette..
Ma’mning Coal A RR
par.
224.600
360.000
4,143.090
67.600
224.500
83,6 0
175.000
7..
nel ading t lie item "due toot her banks.”
83
—
1,541.090
970,890
18.973.700
9.424,009
Circulatim.
$
Mch. *24
<d
n
1>
1,318.900
45,000
Deposits.*
Drvjfal Money.
Loans
—
68
23,078.100
follows:
1884.
87
90
$
4.9(i0.700
5.0'5.600
5.1 19.400
G 366.700
"
87*4
—
270.666
Boston Banks.—Following are the totals of the Boston banks:
—
—
'62,100
4,767,000
61,950,200,28,246,000}313.969 ,300114,391.700 690,,310,010
—
4 82
-a — 7o
450.666
’*
Apr. 5 347,600,500
86i$/j?
8*2
4 77
429,606
$
$
$
$
Mh 22 347.695.700 67.423,300 28,591.900 349,7'0.700 11,270,690 59k240,548
27.4
29 316.293.709 66,996,900
'5.009 3iG.709.800;i 1.333.800 610.33 .*.704
*6
—
1,305,000
264,000
totals for several weeks past:
—
ft
340,500
347,600,500 61,950,200 28,246,000 343,969,300 14.391.700
following
—
~
seoiooo
-
24,392.400
1.58.5,199
368.900
362.200
474.090
655.500
204.700
2 9,400
595.800
34.400
994.600
45,000
5,400
2.117.100
1,31 1,000
110.000
2.177.809
94.200
1.963.600
5,297,200, 1,117.309
(i rman Exch’nge.
G* rmauia
189.666
7.939.400!
186,100
2,56*,800;
4.763,100, 1,131,700
514.600
2,479,600,
r
359,000
2,304,590
2.591.900
3.358.000
4.170,000
184.009
130.300
1.1 35,500
ln.400
219.000
909.000
9.915.900
1.145,800
4,415.200
1.346,101)
154,209
248,990
2,066,000'
2d mort
Kiv lv Motor
Ltdiauon -p ing*—1st M.
L. A N.-Col. trust bds’82
?2>
881.000
870.600
8.045,20 )
8.642.000
3, i 92.190
2.837.100
363.9(H)
435 800
293,000
170.900
580.909
3.517. 00,
6.160,400; 1.552,<*00
15,481,600, 3.941.790
Y. County.....
N.
“
1660019
192.109}
17,217.900, 4,057,209
.
152,900;
1.813.500
3.542.609'
268.200
163,000
45,909
1162*00
>!
1,548.300}
4,552,700}
134.800
635.000
5,013.10
307.700,
453.109
3 8.300
5,59,6(i0
Continental
6,678 900 1.480.600
< iricntal
102.590
I 2.251.490
Marin 1
927.00.)
4.259.900
j
I inport rs’A Trad.
21.253,000 4.675.100
1 20.620,400; 1.956.100
P.i k •
204.609
Wall Sti eet
1.671.100
j
8.2*8,000
297.890;
2.417.900
2.893.190
378. 00
523.500
428.80. >}
551.090
217.400
153.600
535.200
181,690
1.2 2.200
5.680.190
7,817.690
05,600,
135,200'
1.825.600
427,2001
1,648.090
3,583,009}
4
320.300
...j
—
567,200
12,700
1,*251,000
8,937 * Of) j
182.800;
4:8,700
546.800
640.200
98.000
312,700
2.832.809
2,880.190
3.270.000
No th River
East River.
\
Foil--ill National..'
Central Nation il..'
Second National..1
Ninth National...
First National
Third National
N.Y. ^at. Exch..
45,000
2.600
1,54 6,900, 10,281,000
1,132,100}
1 1.292,090
Metropolitan
Citizen’s
984.909}
123.1(H)
1,587,890
3,070,200
..
150.0-0
21 -.211
73.8 t-t
74.2 73
16.763
3 -3 952
2 6.40 )
71.745
41.3-3
931.1**
385.500,
3,704.000
283.500
779.700
216,200
1,74 <,890
4.333,3001 1,124.000, 16.45.5,700:
3,389,000
9.538.600
...
9.700,
109,(00}
792,200
709,
8 3.4 00
92 0 0
149.590.
34
269,000
14.679.700
2.873.090;
3.4.50.490
4.345.500
1,824,709
Chatham
1,329
886,9.-o
3,720.390,
2.562.000}
3,062,637
128,57 1
116,600
193.500
1.100
2,612.900,
359.300
1-9,-38
2,73'*, 689
216.705
02,1:9
231.47 2
1 L0l<»
377.300
7.758.900
2,139.790;
278.000,
7,611.572
95,591
295,009}
409,500
7,0 >0.966
933,9 i >
1G4.7J7
2.322.100
540.690}
6,822.600
7.220.000
2,219.600
Mercantile
Pacific
Republic
8.87(5.190!
531,000!
*20,217,700
Broadway
338,600
3,566.900!
551.(00,
11 1,590
l,745.600j
4.350.700
10,925.000
State of N. Y
Americ’n Excb’ge.
Commerce
450,000
7.883,809
8,1.5-.090
1,165.890
479.000.
1,821,000,
673.500,
236.400,
624.600}
are as
113.8*23
26,1 (.7
8.729
16.763
41.203
2 1. 17!
8 93-
us.
Seventh
870.5 0
4.673.500
1.915.100
1.003,009
1.024,309
3.210.700
139,790
238.507
611.83S
quotations in gold for various
Pi
...
264.192
4 H6.8 77
....
are
Fa: ton
Chemical
Merchants’ Exch.
Gallatin National..
Butchers' it Drew.
Mechanics’ A Tr...
Grc nwicli
Leather Mannf’rs.
6.200,300
.
following
Tradesmen's
Apr. 7 146,227,500
..
Coins.—The
coins :
7.501,790
3,273.-. 00
1,4 0‘2,100
13,407,: 00
3.2 •2.200
2u3,0&5
938 9.4
1 4-.3 .7
7,056.00
City
6.277,400
1,874.538
496.900
1,259.000}
M’l 24 145,007.500
31 144.530.6'K)
1,401 453
3,035.799
$
9.233.000
7,87.5.091)
s, <>4 5,200
8.781.009
4.i57, 09
10,843.100
3,012,900
Total
118,715
$
I
817,000
10,118,000
Fifih
3,274.879
<£
1,392.000
New York
Manhattan Co
Merchants’
M eehames’
Union
America
Plienix
104."-38
119,950
214,900
89,700
74,538
499,278
*
460,954
.
'
Loans and
Discounts.
nan-Americ’n.
Chase National...
54,812
Bt. lands A Cairo 3d wk Mch
122,19-'
Bt. L. Ft. S. A W | March
17,99
65.200
1,150.98
St.L A Sun Franc 1st wk Apr
220.705
18.227
17.722
237,860
Bt. Pigil A Dul’th : st wk Apr
729. *13
700.100
1,556,534
1,600,1 -.0
Bt.P.Min.A Man. March.
2 .2,890
2 79,190
Bouth Carolina .iFebruary. 1 114.054
i4o,7>r17,756.
166,4 i~
Tex. A St. Loui-l 3d wk Mch'
1 ti.601
Vji.so177,18
83,641
Tol. Cin. A St. L. February..1
Union Pacific... January... 1,558,908 1,916 851
1,538.90- 1.916.8U
75.433
150,716
19*,"61
98,-8o
Utah Central.
February..
86.230
96.2*6
44,91'.
4*2,804
Vicksb’rg A Mer. February..
210*17
9 6 o
30,212
17,457
Vicksb.Sh APac. February
Feb i nary..
136, lSe
1.3,876
West Jersey
67,186
62,056
2 .,7‘)s
27.167
Wisconsin Cent'l 2 1 wk Mch
*
11 Alo., ArK. and lev ns.
Includes Southern Div.
t Li
ul.
§ Snow blackado.
J Nor, includin'.: earnings of N. 5 P(
It
Average Amount oj—
Biinlcs.
...
82.936
123.572
.
..
Do
•
...
Northern Div
Do
1,065,79 4
...
Mempli. A Chari. March
Mex.Cent, so.D. March
7
New York City Banks.—The following statement shows the
condition of the Associated Banks of New York City for the
week ending at the commencement of business April 5:
'
Ala. G t. Souther t i
t
[Vol. XXXVII1.
04
61
1*'
•
*•••-
April
THE CHRONICLE.
12, 1884.]
“The Atlantic & Pacific Railroad was
completed to the
Needles in October. A connection was then and there made
with the Southern Pacific Railroad.
This route between the
East and San Francisco had, at the close of the
year, been
Cutest ittCilTS
AND
RAILROAD
IATELLIGEISCE.
opened for three months. Thus far, it has not secured that
proportion of traffic which its merits demand, and which it
will eventually obtain.
“The Mexican Central Railway, another important connec¬
tion of this line, was nearly
completed to the City of Mexico
at the close of the year; and, at the time of
writing this report,
through connections have been established between that city
and the United States,
promising an important addition to our
through traffic.”
Statistics for four years, compiled in the usual form for the
The Investors’ Supplement contains a complete exhibit of the
'Funded Debt of States and Cities and of the Stocks and Bonds
of Kailroads and other Compa nies.
It is published on the
February, April,
#
last Saturday of every other month—viz.,
June, August, October and December, and is furnished with¬
out extra charge to all regular subscribers of the Chronicle.
Extra copies are sold to subscribers of the Chornicle at 50
cents each, and to others than subscribers at $1 per copy.
ANNUAL
1
.
„
Chronicle,
REPORTS.
are as
follows:
road av'd
Atchison
Topeka & Santa Fe Railroad.
(For the year ending Dec. 31, 1883.)
18S1.
1882.
1883.
operated
Laeomotives
1,5 0
1,7-^0
1.820
1,820'
1'7
2">l
Pass
318
105
4,011
I ,-250
101
2 5 i
0.4*7
7,020
340
230
7,02 >
Total mil
The Chronicle has been favored with advance sheets of the
annual report of this company, and an article at some length
equipment.
ISsO.
s
.
mail & exp. ears
Freight- ears
Caul an l inner cars..
analyzing the report will be found in the editorial columns.
2,321
2,370
2,373
A map of the Atchison system and its connections will be
OPERATIONS AND FISCAL RESULTS.
published in the next issue of the Investors’ Supplement,
Operations188*.
1-81;
1332
1883.
Pass’gors parried, No.
?81,322
5<»1 >03
April 26.
72 ,t<20
79:>,61t
Pass,
pair’d
on
mi’e. 53,3-5,7-.7 81,27 ».171 108, 48,350 103,029.301
A brief preliminary report for 1883 was published in the
Kata p. puss. p. milp.
3 ti 5 cts.
3 390 <*ts.
3*3*7 rts.
2*. *2 lots.
Chronicle of January 19, on page 86, and the statements there
Freight (t<>iis» moved
053,701
1,100,IS!
1,47.5,140
1.77 4,345
made as to income, bond account, and lands, need not be re¬ Freight ear. one miio.207,3 .a.oil 395.1 (5,4 3 169,60-.5
9 520,751,107
Kate per ton per mile.
2 4 :i cts.
2 28 c’s.
2*288 cts.
1092 era.
peated.
Ea iiini/s—
$
$
$
The report says that the properties for purposes of
$
operation Passenger
1.78(19 1
2,970.008
3,002,.">70
3.097,121
are divided into the following systems,
Freight
0.19 .,981
namely:
9,<*51,025 10.5<7.2<>1
10 371.012
I. The parent line and its auxiliaries, called the “ Atchison Mail, express, Ac
’
270,091
502,278
573.523
010,211
System,” with a mileage in Missouri, Kansas, Colorado, New
Tot. gross earnings.
8,5
0,970 12,581.509 14,773,303 14,117.317
Mexico and Texas of 1,820 miles.
O/a rutiikj I'x/nnstS—
$
$
$
$
II. The “Southern Kansas System,” all situated in
Mainr. t way,
1,450,172
3,451,930
3,210,3'2
Kansas, Mainf. f
1;'*59,312
■
>
...
«
of 398 miles.
III. The “Sonora System,” lying in the
Territory of Arizona
and in the State of Sonora, Republic of Mexico, 350 miles.
IV. The lines owned jointly with the Union Pacific
...
equipment.
<
74 .029
Trans, expenses
*
seen
-3,3.7,03
212,0 iO
2i.:.yl8»
278,215
31*,59*
1,0 in,7133,20 *,381’
i; 13,8 iZ
319,983
4,374,287
4,182,089
8,003,’<2 5
4,521,1-3
8.0 .2 750
0,110,549
6,7 18,2107,369,131
5j T5
03 87
58*10
47*80
3,"4 58
2w3.H0
Railway
Total oper’gexpen's
Company, both in Kansas, half mileage, 51 miles.
Net
earnings.
This report, as in previous years, treats of the
operations P. c .of 09. ex. tot ix.
of the parent line, called the “ Atchison
System,” the mileage of
which on Jan. 1, 1883, was 1,820
This item includes:
miles, and no addition was
made during the year 1883.
legal exp uses, Are.
From the tables below it will lie
95o, 87
) *
370,0 0
1,931,201
Miscellaneous*
T.ixes
Loss and
3,175 901
damage to freight and stock
car mileage,
INCOME ACCOUNT.
that the commercial
1880.
1881.
3 8 72.
1883.
tonnage of the road increased from 375,516,260 tons carried
Receipts—
*
.4
4
$
one mile in 1882, to 485,890,425 tons carried one mile in
1883, Net earnings
4,182,0-9
4,"21,1-3
6,11",5 19
7,3 9,131
or over
twenty-nine per cent. It will also be seen that the loss Rentals, divd'ds, See.
2 4 09
2 51,623
Sun
in the transportation of railroad construction
12 *.148
229,837
20,781
147,191
freight in 1883, FromryU.crolits
S., Ac
*011.295
as compared with 1882, was
50.231,237 tons carried one mile;
while the increase made in commercial traffic was
Total income
110,374,165
4.302,837
4,751,020
7,003,720
7,777.918'
tons carried one mile—thus giving an increase in the wliote
Disbursements—
$
$
$
R ntals paid
8* 4 273
774,710
824.-59
8^8,830tonnage of the year of 60,142,928 tons carried one mile. By Interest on debt
734.-27
8 :«,043
1,12,310
1,31',711
reason of this increase in commercial
tonnage, the freight Divi lends
1,727,195
1,811 021
3,324,793
3,414,567
earnings were upheld to nearly the figures of 1882, notwith¬ Rite of divid nd..
b1^
0
6
0
Sinking funds
132,030
170.525
193,003
standing that the earnings per ton per mile were reduced from TransL
to inc aee’t..
4b6,3 .4
2*28 cents in 1882 to 1*99 cents in 18&3.
Tr.iii-f. to ill', fun l
250.000
In view of the increased
Tr.
to
ren.
&
imp
ac’t
tonnage and decreased rates of
500,000
Amts.pd.
.!
to
01
her
r<is
1883, the large reduction made in operating expenses requires
42 <,2<*2
Ri-dur. val mat’s, Ac.
a passing
200,000
word. The rate of operating expenses to earnings in Misceil neous
35,12"*
4,494
37,500
1883 was 47-80 per cent, in 1882 was 58*46
p. ct. and in 1881 was
63*87. The ratio during the ten years from 1874 to 1883 in¬
Tot.disbursements.
3,36 ,120
3.61-7 911
5,928 8'>7
7,255.813
clusive was 54*17 per cent. The whole system of
911,717
1,132,072
1.077,863
522,135
operating and B dance, surplus
construction accounts in these years was
uniform, except
U.
S.
Suspend ’d
Government and p ml e.timings for 1880 and 1881
that in' 1883 steel rail account was charged to
operating instead not previously credited to income a eo.iur..
of construction account, as in
previous years.” * *
GENERAL BALANCE AT CLOSE OF EVC’II FISCAL YEAR.
The.marked decrease made in nearly every class of expenses
1880.
’
1 88 2.
1881.
is due mainly to two causes.
1883.
A ssefs—
*
8
8
*
“1. A.more compact, and, therefore, more economical
RR
bldgs e piip ,Ac. 20,8 56,32 5 32.102,0 0 3 5.6-11,072 37.85 ),632
organi¬
S
ocks 0 A1 ed
sation for the operation of the road, under which
1 1,74-5,050
3 :,9H) 5 0 \
nearly every
4,17 ,1 )1
3, 7 7 0*3 19,211,720 *51,000,260
class of expenses for conducting traffic was reduced. This was Boa is ow (1
Bill A- aee’ta m e v’hle
.1 3 2 1,9 >6
1,128,00
>
1,165 993
2,353,7.0
rendered possible from the fact that the construction of ex¬ T list
1 nd grant,
106 i 4
172
58
131, •<*1
tensions had been practically completed.
Trus e s P uto.T »i;d i
t 39,' (* >
7 l.''75
A. 25
38, 3>
U 8 Go cl li ne .1....
S3 1,018
“2. The large expenditures upon the
510,700
375,0,0
302,571
property in the years (>11 aee». of- (-a "-d l*’ds
1881 and 1S32, the causes for -which were
no’ eov’
fully explained in
hvs -cur’s
1.2‘2.‘02
the annual report for the year 1881,
1,3 9,969
pages 5, 6 and 7, whereby N \v Me ieo A Ar RR.
Hi (Jr M
Sc l* c
the property was placed in excellent
1,1 S3, 1 78
condition, rendered it M t r Is nd
1 1 es
1,8*4.'* 1
1,118,180
3,01-5.3 >2
1,7’"',427
possible, as was indicated in that report, to adopt for 1883 a Trea.su a r’s b silances
8 s ,071
1.1 7,013
9(8,101
1,100,679
fair average expenditure for
Mi.-eel
a.icons
items..
4 49, '. 9
7 3.0
repairs and renewals of roadway,
bridges, buildings, cars and locomotives.” * *
y
,
>
_
-
.
,
“
*
‘‘ ‘
.
'
.
•«
.
-r-
t
<
.
:
--
1
-
-v
•
.
1
>
To nl
SOUTHERN
KANSAS SYSTEM.
The operations of this system during 1883 have been favora¬
ble. The average mileage operated in 1883 was 398
miles, as
against 392 in 1SS2.
The gross earnings in 1883 were
$1,792,092, being
increase of 34*07 per cent over 1882. The
expenses and taxes were $904,697, being an increase of 24*8(5
per cent over 1882. The net earnings were $887,394t being an
increase of 44*95 per cent over 1882.
The net receipts from
the Land Grant of this road in 1883 were
$43,167, and the re¬
ceipts from miscellaneous interest and other sources, $44,511.
an
general summary.
“The year has been a prosperous one. The road has been
fully maintained at low cost and improvements made in many
important particulars.
increasing the obligations of the
B 11s A aec'ts
materially
company.
*
*
payable.
C up-..e< Id cciu .See.
L used liiiv s
Divid -mis
Tire iii'iir inee fund
Ri 11 -\v. iV imp aee t.
s i<]>
Stock
Pi oiit
ml <1
Tot d liabilities
*
.-8
04y 2 8 ’5
i 5,--7:1,000
i
,"»73. 4
561,431
137
•
2
503,338
$
4“,i ;•?.“(*()
LO 5*0.00
-
»
2,701,100
,0 ,387
s
74
1 72 4
7,135
91,918,717 t05.O3 2,133$
$
5 ,91 3,°5()
r 6.913,250
2 ,’M l;5()0 25, s* 7.000
1,023,0 15
1.737,288
76 .,157
750,121
-
803,807
^
801,737
253,107
500,000'
80 y 01
.
5 027 280
315,(197
..
80, 113,200
.
eiir.ii"gs.
ul> ( ir. 75)
and lo-s
Misee l me *'*s
Can »led bonds
Income balance
Additional steps of substantial charac¬
ter have been taken towards
strengthening and advancing the
line, as one of the important Western railroad systems.
Nearly two millions of dollars have been spent in the construc¬
tion of new branch lines and over a million and a half of dol
lars in substantial improvements
upon the old" roads.
These
and other results have been
accomplished without
51.940,677
LiabUi'ics—
St1 c’c. <*’ lnmoii
B’nds(se ■ 81 'UPI.F.m*t)
5'1,174
1.91
,14»
828,1 .8
3,02 .Vi 10
4,15 4,482
51,9-10,657
80,943,200
7<h’,2 10
1.116.815
581 5-'<>
1, 3-5,00)
5,232,315
5i7)4,470
91,918,717 ♦9'/ 32,133
Fnihr.-.c R-property in leased ;■ nd connecting l oads net otherwise) in eluded in 1 lie a-sets, amounting to $4 .8 a*,5 0.
t Tin* ••* o e assets are rxclasiec * f ihf 1 ills re- civild'* for stiles of laud
to Dec 31, :8< . amounting to $1,3 0 77i,..nd the value of 1,247,714
aer.-s
f mi old la. ids
T e outsti’ dng bd 'de.l indeb'elness of the leoed roads is not
eh r. ed in ill • li 1. ul th s< f the Atchison C >, a- the value of the Ate hi soft
C > *s i it 1 res in the leas d roads which appeals in the a-ects is excl ifeive
of the \ i.lue covered by tlu se bonds.
*
THE
454
Denver &
Denver & Rio
Rio Grande Railway.
been
December 31, 1883.)
A
imes will bo found in the
Investors’ Supplement. The Chronicle having obtained
early copy of the annual report for the year 1883, the
following abstract is made from the remarks of President
Love joy :
“There was no payment to sinking fund for 1883, such
payment not being required until a 0 per cent dividend is
shown to have been earned for the stock.
The amount paid
on account of principal of rolling-stock trusts for year 1883,
(For the year ending
map of this company's
as
$525,000, of which
and charged to equipment account, was
$51,000 was paid by
series “E,” which were held in treasury,
surrendering that amount of certificates,
to the trustees,
Actual
Territory, rendered necessary
competitive lines. We are glad to
heretofore
to meet those offered by
state, however, that this
violent opposition has been overcome, and on the 28th of Jan¬
uary, 1884, 11 ic regular rates were restored.”
* * *
“At the date of last report 155 miles of Utah leased line were
in operation. About the 1st of April the line was opened from
Colorado Border to Baft Lake City, a distance of 825 miles, and
May 18 the road was completed to Ogden, 802 miles, thus
making connection with the Central Pacific RR. for San Fnmcisco and all points on the Pacific coast.
During the time the
new line has been in operation it has carried its full propor¬
tion of passenger and freight traffic, but. as already stated,
the rates have been unremunerative.
When the leased line
turned over to your company for operation, its condition
was very primitive and unfinished; the roadbed was graded,
rails laid, and a few buildings erected; beyond this little was
done. No surface nor ballasting of track; the stations, ware¬
houses,water stations, fixtures, and other appliances were insuf¬
ficient and not in accordance with terms of contract between
the Rio Grande West. Construction and the Denver & Rio
Grande West, railway companies.” " *• * “ The amount ex¬
pended toward finishing the road in accordance with, contract,
and which is collectible cither from the Rio Grande West rn
Construction Company or the Denver & Rio Grande Western
Railway Company, to Dec. 31, 1883, was $050,370. The amount
expended on the line of your own road for straightening curves
and reducing grades on Marshall Pass and elsewhere, building
on
was
322.306
802,026
operating expenses were.
Loss to your company
charged to that account.
“The ratio of increased gross earnings to mileage has not
kept pace, owing to the various reductions marie for the trans¬
portation of coal, coke, and ores, which we believed to be the
true policy of your company, to meet the urgent demands of
the various shippers and tlie seeming necessities of the case,
coupled with the ruinous rates prevailing on all classes of
traffic to and from Utah, from the very opening of your line
to that
$305;766
of lease
$313,566
for year
already referred to,
“The operating expenses, for causes
have been excessive, but it is hoped that most
have been obviated, and in future, with a
all outlay, that the expenses may
of the lease.”
The following comparative statistics of
was
the amount of interest
ns per terms
$ 83,460
cash payment $474,000.
to offset
:
G. Ry. Cj
The amount of
rolling-stock trusts outstanding, for which this company is
liable, increased in the year 1883 $756,000.”
* '*
“One million dollars of consolidated mortgage bonds were
received from the Trustees during 1883, of which $881,000 still
remain in the company’s treasury. It has been customary
heretofore (and. as stated in the last annual report, part of the
original programme) to charge interest on consolidated mort¬
gage bonds against income account at the rate of only $15,000
per mile on completed road, the balance being charged to cost
of construction, until the mileage in process of construction
put into operation.
Your Board consider, it advisable
henceforth to charge interest on all outstanding obligations
against income of the current year, and have directed that the
balance at credit of profit and loss account (which occurred
through the practice of charging only a part of the yearly
interest against income) be credited to construction and equip¬
ment account,
the lease has
Grande Western Railway under
follows
Grogs earnings for distribution
Forty per cent due to D. & R.
an
leaving the net
fVoL. XXXVIII.
CHRONICLE.
of these causes
careful scrutiny of
be brought within the terms
the Denver & R. G.
Railway for four years have
Miles oper.
been compiled for the Chronicle:
1833.
1882.
1880.
1831.
C86
1,067
Dec. 31...
1,679
1,282
OPERATIONS AND FISCAL RESULTS.
1882.
1881.
18SO.
Operations—
Passengers carried No
342.8S5
28,115,71 O’
3 40,810
Passenger mileage... M1.735,593
*7*27 cts.
Rate per pass, per m.
.
651,832
Freight (tons), moved
Freight (Fas) mileago
Av. rate per ton p m.
*
From
3 60 cts.
1,136,31 L
1,151,330
Ml «,4*2 6
3 62 cts.
3 iyo cuS.
2*77 cts:
1883..
*
1,472,503
1S81.
1882.
$
1,563.632
2,411,457
4,332,150
1,580,558
4,413,185
3,478,060
$
OperaL'na expenses—
Ac*..
Mainlciuvu-e,
-
Transport’ll expenses
General
403,237
6,244,780
0,40 4,980
•f
1,081.002
1,0(58.023
527.360
1.074,413
1,083.733
5,351.912
537,131
7,3(51,546
$
1,410,950
1,4 19,337
3 so, 199
431,736
407,200
*310.178
017.915
1.42 l
203,91 2
269,30 4
1,191,215
281,389
1,607
1 1
of ears.
348,908
$
667.174
Msiint’ee of way,
41.006,015
5 12 crs.
$
045,030
121,570
earnings
31,030.200
119,770,309 120,733,211 103,178,136
1880.
Total gross
416,928
5 56 e's.
April 5 to Dee. 31 only.
Earninqs—
Passenger
Freight
Mail, express,'Ac
1883.
446,261
p
070,940
Total
1,767,605
3,020,030
3,821/123
4,743,111
Net earnings
1,710,401
2,021,750
2,533,857
2,618,135
59*66
C i 43
P. c.
of exp. to
'
57-97
50-81
cant’s
INCOME ACCOUNT.
Eccerots—*
$
2.024,750
1,710.161
’.
earnings
Net
1S31.
1380.
to
1883..
1*5S2.
$
9?
2,5*3,857
2,618,435
20,307
14
36,771
114,531
1,730,763
2,624,76 4
2,620,628
2,732,966
Interest, on debt ....
Rcn'l of D.R.G.W.RR
i’a v(‘S
T)i ,’ide.Tnls
Miscellaneous
1.150,453
1,109,541
1,602.143
221,130
2,036,813
317,752
238,208
240,512
10,607
73,87(5
7,966
Tolal disbursemonts.
1,396,065
2,283,078
341,086
1,900,740
2,000,799
710,870
132,107
Other receints
Total income
isbursnncrJs—
/
140,830
(6) 014,100
333.803
Balance, surplus..
ti
EXE UAL HA
A sects—
MR. epuipm’t.
FISCAL YEAH.
LANCE AT ClLUSH OF EACH
1-82.
1881.
1>8A
$
34,945,951
Ac
Stocks owned, cast..
Bonds owned, cost
Mills and ace’s receiv.
.....
.
Grande A West
Utah lines
Col. C. A* Iron Co..
Rio
$
•
•$
63,620,545
4
326.7UO
4.000
15,000
431,000
1.275,000
868,748
8
8,703
457,029
475,781
/
3,490,000
263,652
.
hiv’tCo...
-Materials, hud, Ac....
(‘ash on - hand
Miscellaneous items.
102.562
245,4-0
10,000,000
(tapital stock
Bds., (seeSrri’LEM’T) ] 7,398,000
Rolling stock trusts.
Hills payable.Mjii (M’.-iild Ar West
2,213,955
174,657
1,02 4,251
360,106
55,007,407
$
21,160,0 0
65,066,487
432
35,204,365
$
Total
Liabilities—
1,536,000
10,350
$
59,471,273
50,0 IP,437
.
No. Amer.
Is- 83.
23,091,000
3,051,000
141,976
282,809
753,9C 9
801,747
586,075
412
68,261,894
$
35,500,000
25.127,< 00 26,123,000
4.028,000
3,713,000
205,946.
166,072
33,00o,060
167,157
and other necessary betterments, was
237,474
$894,733. Total expenditure on permanent way for year, Utah lilies
698,165
647.324: 1
15 ,075
717
C.
iimms
due..
A
Civ.
$1,551,104, of which your company is to be reimbursed to the
1,318,334
1,955,860
1,601,7o2
Vouchers A pay-rolls.
221,582
amount of $050,870, either by settlement with the Construc¬ Oren accounts
432,8 14
*1,588,120
22,303
8,000
227,094
90,630
tion Company or the leased line.”
Miscellaneous.
145.404
39(5,170
1,109,656
252,668
L’iOlit and 1- ss
“Your board, at its meeting held September 20th, 1883,
decided to execute a general mortgage on all the com¬
25,201,365 53,007,197 65,06 187 68,261,804
Total liabilities.
pany's property of every character, including its inter¬
This item was met by Hie charge of $5,000,000 stock and $1,000,000i
est in the lease of the Denver & Rio Grande Western
bonds negotiated in* 1881, but not taken into the account,
Railway Company, covering bonds for $50,000,000, the bonds consolidated
until January, 1882.
to run for 30 years, and bear interest at the rate of 5 per
Mexican Central*
cent per annum. The action of your board was approved by a
(For the year ending Dec. 31, 1883.)
special meeting of the stockholders held at Colorado Springs
October 0th, 1883. The bonds under this mortgage can be
The annual meeting of the Mexican Central Railroad Com¬
issued at the rate of $30,900 per mile of completed road, but a pany was held in Boston April 7. The following-named gen¬
sufficient amount of them must be set aside to cover all first tlemen were elected directors: Thomas Nickerson, William
and consolidated mortgage bonds authorized by prior mort¬ Rotcli, Charles J. Paine, Jacob Edwards, Albert W. Nickerson,
gages, viz., thirty million dollars, but of which only $20,123,- George B. Wilbour, Levi C. Wade, Andrew B. Lawrie, Benjr
000 have been issued; therefore only $20,000,000of the general P. Cheney, Oliver Ames, Warren Sawyer and Isaac T.
mortgage bonds are available. To meet the expenditure on Burr of Boston; Arthur Sewell of Bath, Me.; Levi Z.
leased line of road and equipment and betterments and im¬ Lei ter of Chicago* Robert R. Symon of London, Eng,:
provements on your own line, your board have authorized the Daniel B. Robinson of Mexico; Sebastian Camacho of Mexissue of $5,000,000 of the general mortgage bonds and $5,000.- ico.
e annual report of the directors was presented, and
The
000 of the capital stock ot the company, from time to time, as the following
nving is
therefrom: During tthe
lie yyear 296
is condensed tliereirom:
the company may require. Of the $5,000,000, two million and a kilometres of track were laid on the Southern Division and 600
half each of bonds and stock have been issued in conformity kilometres on the Chihuahua Division. The Board have con¬
with the terms of circular dated October 11th, 1883,”
* * * sidered it expedient to concentrate the force upon the main
The stock issued appears in the accounts for this year; but line during the past year, and only moderate progress has been
the bonds, not being delivered until after the close of i883, will made on the Tampico Division.
Forty-two kilometres of track
not appear in this report.
The proceeds of this issue leave have Ix'en laid, and ab^ut ninety-three kilometres of grading
your company almost free of floating debt.”
completed.
Certificates for subsidy were received during the year to the
DENVER A RIO GRANDE WESTERN.
amount
of $2,824,490, The amount of cash subsidy collected
“The result to your company for 1883-of operations of the
tunnel to avoid bridges,
..
'
“
“
A nil L
-
was
THE CHRONICLE.
12, 1834. j
$1,155,792.
Our attorneys in Mexico have advised
us
not
the delivery of certificates at six per cent, as we shall
be entitled to receive certificates paying eight per cent Sept.
16, 1884.
“The earnings of the road during 1883 were as follows : On
the Southern Division, commercial earnings, $1,028,129; com¬
pany's material, $424,711; total, $2,052,840. Northern Division,
commercial earnings, $331,138; company's material, $1,199,436; total, $1,530,574; total gross earnings in 1883, $3,583,414.
Operating expenses—Southern Division, $1,207,084; North¬
ern Division,
$780,963; total operating expenses, $1,988,047;
total net earnings, $1,595,367—equivalent in United States
currency to $1,416,904/’ * * *
“The supplemental concession of April 12,1883, makes all the
company’s concessions conform to that of Sept. 8, 1880, and
also provides, among other things ; That any failure to con¬
struct, or to fulfill any obligation to the Government, shall
affect only the line upon which the failure occurs; that in
case of forfeiture of any of the lines the
company shall be
paid the value of the work completed upon it; that 400 kilo¬
metres in the aggregate of all the lines must be
completed
every two years, reckoning from April 12, 1883, and any
excess
shall be credited to the next biennial period;
and that
of
these
400
kilometres,
100 during the
first two years, and 150 during each succeeding two
years,
must he constructed upon the Pacific line.
That the entire
system must be completed by April 12, 1893. That beginning
September 16, 1884, the subsidy certificates shall be amortized
with 8 per cent of the customs duties instead of 6
per cent, as
at present.
As more than 800 kilometres have been built since
April 13, 1883, no further construction is required by our
contracts with the National Government until after
April 12,
1887, except upon the Pacific line, as above stated.
“The full amount of subscriptions Nos. 1, 2, 3 and 4,
aggre¬
gating $31,195,000, lias been paid in and settled in full. The
to urge
455
of
bonds, so that the increase of the stock became unneces¬
sary.
The company has - since placed $4,000,000 bonds, issued
for the purpose of extending its line from
Worthing to Watertown.
That work is now going on, and there is no
present in¬
tention of issuing any further stock or bonds.”
at
Chicago k Alton. — The Chicago & Alton stockholders,
their meeting in Chicago,
authorized the issue of
$3,500,000 stock, to take up $1,500,000 of the preferred and
$2,000,000 common stock of the St. Louis Jacksonville &
Chicago Railroad, which is leased to it at 10 per cent dividends
on the stock.
The exchange is made share for share, and will
reduce the annual fixed charges of the
Chicago & Alton.
Chicago Burlington & Quincy.—This company proposes to
raise money for the expense of making
necessary improvements
in its system, building new roads,
&c., by issuing $7,000,000
new stock.
The new stock will be apportioned at tlie rate of
10 shares to each holder of 100 shares of old stock.
This new
stock will be offered to stockholders of April 19 at
par; the
company's books will close on that date and will reopen April
24.
Ten per cent on the new stock will be
payable May 1, 30
per cent Aug. 20, 30 per cent Oct. 20 and 30 per cent Dec. 20,
the stock to be delivered Jan. 1,1885.
No subscriptions will be
received after May 20. It is not vet known with
certainty what
new lines the
company proposes to build, and one very good
report says that the proceeds of the $7,000,000 new stock are
not intended to he used in constructing new lines, but about
$4,000,000 will lie utilized in retiring the
Hannibal & St.
cent bonds, which mature next March, and the
remaining $3,000,000 will liquidate some outstanding indebted¬
ness, leaving perhaps a small sum for construction.
Cincinnati Washington & Baltimore.—At Cincinnati,
April 9, the annual meeting of the stockholders of this com¬
pany was held, and the following directors were elected : Orland Smith, George Hoad ley, James D. Lelnner, J. L. Heck
Trersu er exyects to close out the construction accounts of the and W. 4Y. Peabody, of Cincinnati; W. T.
McClintick, of
main 1 ne l)3r the 1st of July, 1884.
The relations between the Chillieothe: Robert Garrett and John C. "Walsh, of Baltimore,
Gover iment of Mexico and the company continue
friendly, and E. it. Bacon, of New York. The ‘annual report showed
and t lere is every indication of an increase of mutual confi¬ gross earnings for 1883 of $1,989,866; expenses,
$1,489,824;
de ice and respect."
net earnings, $500,042.
The directors at a subsequent meeting
Following is a summary of assets and liabilities for 1882 and elected Orland Smith, President; E. R. Bacon, Vice-Presidsht.
1833 :
Long Island Railroad.—The annual meeting of the stock¬
CONDENSED BALANCE SHEET DEC. 31, 1882 AND 1883.
holders of the Long Island Railroad company was held this
Assets—
1882.
3 883.
■Construction
Equipment.
.$14,126,018
2,252,107
3,504,332
$26 ,757,972
174,275
133,425
722,596
148,175
9 <,270
162,054
222,<-2 >
3 ,158.659
.
Materials and supplies
,470.246
.
Miscellaneous accounts
Vessel property
Accounts of Mexico odices
Boston otlico accounts
State subside accounts
Bond disc unit and distiibuling account.
Bond interest
Mexican Government
Certificates of construction
Monte de Piedad
Cash assets
174.053
969.115
251,65 1
34 588,860
2 790,562
2,806,44 3
1,144,605
3 602.165
10,270,000
.
Toni assets
Liabilities—
Capital stock
First mortgage bonds
o
221,262
300,000
727,145
78,523
300,000
$37,53d,812
$77,510,632
Miscellaneous
Income bonds
303,228
516,116
101,842
$5,027,500
$21,528,80)
10,270,000
1,326,000
29,330,0 .0
7,101.125
5,480,242
3,963,320
561,050
10O,9ol
623,655
5,312,924
1,511,498
18,751
3.994,547
880,200
13,9 19
$37,536,812
$77,540,682
!
Subscription account
Subsidy account
First mortgage bond coupons
Unpaid drafts
Unpaid vouchers and accounts
Revenue account
Accounts of Mexico cilices
Miscellaneous
5,979,000
785,400
206,09 *>
499,525
Joseph 8
per
week. The former directors were re-elected, with one change,
William B. Kendall taking the place of Thomas F. Ward, who
lias filled the vacancy caused by the death of Francis B.
Wallace.
Memphis City Ronds.—The taxing district of Shelby
County, Tenn., wishes to purchase, at the lowest obtainable
price ($50,000), fifty thousand dollars of its bonds, designated
as “
Taxing District of Shelby County Compromise Bonds,”
and also “ Compromise Bonds of the City of
Memphis,” issued
by J. R. Flippin, Mayor, that have been stamped and assumed
by the taxing district, and invites sealed proposals for the sale
to it of such bonds.
Mississippi k Tennessee.—A press dispatch from Memphis,
Tenn., April 8, said that the Mississippi & Tennessee Railroad,
running hece south to Grenada, Miss., a distance of 100 miles,
passed that day into the hands of the Northwestern Improvement
Company, at New; York, of which R. T. Wilson & 4k). are the
largest stockholders. Mr. Wilson is President of the southern
branch of the Louisville New Orleans & Texas Railroad, which
branch is being built by the Northwestern Improvement
Company. The total capital stock of the Mississippi and Ten¬
nessee
Road is
$450,000.
control.
This
He
$825,000, of which the McOomb heirs
ow
ned
the interest Air. Wilson bought, giving him
was
paid 66 2-3 cents
on
the dollar.
Mobile, & Ohio.—Holders of the Mobile & Ohio Railroad
Company's
Cairo extension bonds are notified that the Farmers’
GENERAL INVESTMENT NEWS.
Loan & Trust Company is prepared to deliver in
exchange for
Atlantic & Pacific.—The Boston Transcript reports : “The said bonds the first mortgage extension bonds of the Mobile &
status of the Atlantic & Pacific and of the California South¬ Ohio Railroad Company, issued under the mortgage of July 1,
ern,
1883.
relations of the Atchison and St. Louis & San Francisco rail¬
road companies, have been under discussion for some weeks
past in the directories of the Atchison and 'Frisco roads, and
the result has been that the Atlantic
Pacific-enterprise is
to come back to its
original basis as it wras before Messrs. Gould
and Huntington came into the St. Louis & San Francisco
management . That plan means the continuance of the Atlant ie
& Pacific to the Pacific Ocean, and
upon it both the Atchison
and the ’Frisco
companies are agreed. It is now only a ques¬
earnings*for each month of the fiscal years 1882-3 and 1883-4
were as under.
The earnings* below include in 1883 the ac¬
counts of the New York Pennsylvania & Ohio.
The total
working expenses of this leased line are reported, and in the
gross earnings 68 per cent of its receipts, since 32 pun* cent is
paid as rental, and the net earnings of the N. Y. L. F. & W.
thus show a proper comparison with 1SS2 :
the construction of which latter road wTas recommended
by resolution of the Atlantic
Pacific company, and also the
tion of agreement upon some financial
plan for the construc¬
tion of the Atlantic & Pacific in California. Mr.
Huntington
has offered to sell the Mohave division of the Southern Pacific
at
a
cost, and means will be forthcoming for the construction of
70-mile connection between it and the California Southern,
wliicli controls the port of San
Diego.”
Burlington Cedar Rapids k Northern.—Messrs.
Hollister & Co.
state
that “there is
no
truth in the
II. II.
Chicago
Now York Lake
Erie
,
October
November
December
January
February
k
Western.—The gross and net
Gross earnings.
,
1883-1.
1882-83.
$2,411 146
$1,819,010
2,18 *,"82
1,823,568
1,567,210
1,496,394
1,818.823
1,'91,103
1,5 4,809
1,283,115
,
Xet earnings.
1*83-4.
1882-3.
3813.368
703,078
226,342
85,773
238,22 L
,
$643,328
757.206
-
441,738
304.67 7
233,800
Total live months.$9,479.300 $8,137,720 $2,096,782 $2,380,649
—The settlement of the claim of the Erie Railway against
James McHenry was confirmed by President Jewett.
The
New- York Times says : “The judgments obtained by the Erie
dispatch that the directors of Cedar Rapids & Northern met against; Mr. McHenry amounted to $2,300,000. The company
this week to increase the capital stock to $30,000,000. Until held 11,477 shares of the stock of the Cleveland Columbus
recently the laws of Iowa forbade any railroad company to Cincinnati & Indianapolis Railroad and 13,000 Atlantic &
Issue bonds beyond an amount equal to 60 per cent of its capital Great Western extension certificates,
representing a like
stock. The directors of Cedar Rapids & Northern thought it number of the shares of the same stock. The securities were
would be necessary to increase the capital stock, the increase to he turned over to Mr.
McHenry on the satisfaction of the
to be held by the company, in order
to obtain the legal right judgment. Mr. Jewett sketched the last proposition on the
to issue bonds for the extension of the road. But a few months
day of Air. AIcHenry’s sailing. It was that Mr. AlcHenry
ago the Icwa Legislature removed the restriction on the issue should surrender his claim on the securities, for which a
*
THE
456
CHRONICLE.
market value of $1,500,000 was struck, taking the New York
and London quotations as a basis. That left $800,000 due.
McHenry made a written agreement to pay
Mr.
one
year
[vol. xxxvm*
'jptc (Commercial ^imes.
one-half in
and the remainder in two years.”
COMMERCIAL
New York & New England.—The defaulted January cou¬
pons of more than $800,000 are practically paid, thus putting
off all fears of a foreclosure from that source for the present.
EPITOME.
Friday
Night, April 11, 1884.
To-day is Good Friday, and nearly all our commercial
The interest upon the second mortgage, now overdue, can
exchanges and other business centres are closed. The specu¬
probably be provided for. The company has defaulted, how¬ lation in food
staples has been feverishly active, and a part of
ever. upon the car-trust obligations due April 1, with interest
of §35,000 and principal of $125,000 then due. Receiver Clark the decline of last week has betn recovered, while the lower
offered to pay the interest, but there is no authority at present
prices have greatly increased the takings for export. The
to grant the extension of the principal asked for by the
receiver.
It is said that the sub-committee of the directors spring is still backward, snow having fallen in northern and
middle latitudes, but at the close it is much milder again.
has agreed upon aplan.to raise the necessary funds to cancel
The markets for “hog products” were further depressed
the company’s floating debts and place it upon its feet again,
and will report to the l ull board April 29. Particulars are early in the week, but latterly have been improving, with
lacking, but it is understood that it contemplates offering considerable speculative activity. To-day lard futures, after
20,000 shares of preferred stock to shareholders and parting
with a portion of the second mortgage bonds in the treasury. an easier opening, became active and buoyant, then again
The measure will have to be voted on by stockholders.
weakened, closing at 8 85c. for May, 8*95c. for June, 9e. for
New York West Shore & Buffalo.—Mr. Ashbel Green, July and O'Ooc. for August. Spot lardS*90c. for prime Western
Receiver of the N' rth River Construction Company, has made and 9*15c. for refined for the Continent.
Pork has declined,
a report,
which has been printed in pamphlet form. This i but closed steadier at $16 50@$16 75 for mess. Bacon and
report gives at length a statement of the assets of the Con¬
struction Company, including $20,035,500 of N. Y. West Shore cut meats have declined, but close steadier, although for the
& Buffalo stock.
The committee appointed to examine the most part nominal. Beef dull, and India mess declined to
claims of the Construction Company advise that the claims of
$21 @$23 per tee. Beef hams lower at. $36@26 50 per bb).
the Construction Company should be allowed as a matter of |
Tallow dull at 7@73gC. Stearine quoted at 9c.
Butter has
right, or by way of settlement, to the amount of $9,302,882 ; j
and
is
declined
cheese
drooping.
The
following
is
a
statement
claims computation of interest to March 1, 1884, $193,770 ; |
claims sinco January 1, 1884, $591,988; total, $10,148,040. of stocks of provisions in Chicago as reported to the Board of
committee
advise that offsets of the railroad be Trade
allowed, $2,545,620, leaving $7,603,014; add payments made by
Construction Company January 1, 1884, $03,900, making in all
pork, new, bats
$7,606,974. The following plan is proposed to enable the West ! Mops
Mess pork,
bbls
Shore to provide equipments and improvements, pay floating Pork, other,old,
bbls
indebtedness, and settle the claims of the North River Construc¬ 8h< it fit*middles, lbs
tion Co: 1st morgtage bondholders to deposit six coupons, com¬ S. C. middles, lbs
L. (J. middles, lbs
mencing with July 1, 1884, as they shall severally fall due, with 1>. S. shoulders, lbs
the United States Trust Com; any. and receive in return deben¬ S. 1*. shoulders, lbs
tures running ten years from July 1, 1884; West Shore to S. P. hams, lbs
The
make
a
second mortgage to
secure
the issue of bonds not
other cutsof meats,lbs
P. •*. lard “oontract,” tes
Men ch 31.
198 J.
Feb 29.
IF 83,
.11 archil,
180,702
;-,7io
190,120
6.284
2ul,240
p,7o2
27,925,577
12,631
26,700,075
3,7 70.50 >
4.240.072
4 .OH I 3 10
11,320
37,647.3*3
2.3s 8.823
1884.
6,57 8,59 l
21,756,634
1L,235,206
117,482
6,3,1
7,137,-87
6,280,791
21,842.o2l
9,9b 1,206
115,213 •
4.5-2,475
7.733.379
9,0l>7.579
3» ,612,229
7,151,749
)
10,991
6.176
7,079
exceeding $25,000,000, payable April 1, 1904; $10,000,000 of Oilier kinds lard, tea
these bear to 5 percent interest, and $15,000,000 at 5 per cent or
Rio coffee has been dull and to a great extent nominal at
as much thereof as may be earned as net income after April 1,
1884, until April 1889, after which date to bear fixed interest lOl^c. for fair cargoes ; options have been dull and declining,
at the rate of 5 per cent.
The power of foreclosure is vested closing at 8 20@8*25c. for April, 8,20@8,30c. for May, 8’30@
in the holders of $5,000,000 worth of bonds of the $25,000,000
8’35c. fer June and S^oC^SMOc. for July and August, Tea
issue, to be exercised ninety days after default in the payment
of interest on such $5,000,000 of bonds.
In case of foreclosure has been depressed at time?, but closes firmer for Japan, with
the whole $25,000,000 of bonds are to become payable, principal sales at 24%c. for May and 26c. for June; black is dull and
and interest, and to share equally in the proceeds of sale weak.
Spices have been quiet and rather weak.
For¬
without priority of preference.
The $10,00-0,000 bonds are to eign fruits have sold moderately
steady
price?.
at
Rice
be used to pay the indebtedness to the Construction Company
has
been
steady, but rather quiet.
Molasses has been
to complete the railway, &c.; and the $15,000,000 bonds are
to be used in compromise and adjustment claims and demands dull and Cuba merely nominal at 22c. for 50 deg. test. Raw
against the railway company, including retirement and can¬ sugar has been dull and depressed, closing at 5for fair
cellation.
refining; this grade sold yesterday at S'COc. for July and
Ohio & Mis siS'dppi.—An order has been entered in the U. S. 1
Courts discharging Receiver Douglas, and thus returning the 5*72f<c. for August; refined is rather weak at 7c. for granu¬
property to the stockholders. The Secretary gives notice that lated, 7%@7%c. for crushed and 6^30. for standard “A.”
the overdue coupons on the second consolidated mortgage
Kentucky tobacco lias had a quiet week, only about 325
bonds of this company, due April 1, 1878. October 1, 1878, and hhds. on the
spot changing hands. Prices for lugs, however,
April 1, 1879, will be paid, with interest from maturity of cou¬ are firm at
7%,@834c ; leaf quoted at 8^@9%c. On ’Change
pons to January 1, 1880, at 7 per cent, and from January 1,
1880, to April 7, 1884, at 6 per cont, at the office of the com¬ the tone was firm, and medium lugs for May sold at 8 l-16c.;
pany, 20 Nassau Street.
June, Sj^c.; July, 8%c ; October, 814c. In seed leaf little of
Oregon Pacific.—Track laying on the Oregon Pacific com¬ interest has transpired, and yet recent figures are retained
menced March 14, six schooner cargoes of rails having already with a fair
degree of steadiness.
been landed at the company’s wharves at Yaquina from San
In naval stores the legitimate movement has been small, bul
Francisco. The company lias at the Bay a-large steam tug for
service on the bar, and the depth of water in the shallowest spirits turpentine on the spot is quoted firmly at 34c, Rosing
part of the channel is now reported to be 22 feet at high-tide, have had a small export trade, but in a speculative way good
.showing great results from the Government improvements now strained lias been sold at $1 49@$1 50. Refined petroleum
in progress. The company’s pioneer steamship, the Yaquina,
laden with locomotives, car trucks, and other material for the lias been quiet until to-day, when 70 Abel test was ad¬
•company, left New York some time ago, and passed Rio Jan¬ vanced to 8%c. on larger orders from the Coniinent. Crude
eiro March 20.
oil certificates have had a brighter week, but to-night the de¬
The construction of the 70 miles between Yaquina and
sire to secure “ long” profits broke prices from 94%c. to92%c.,
Corvallis, on the Willamette River, is now being pushed ener¬
getically, and this section will be opened for business next closing 9334c. Ingot copper is easy on the spot at
autumn, affording the immense production of the Willamette and, for June delivery, 8,000 tons Lake sold in Boston at 13c.;
Valley a new outlet,reducing largely the present time, distance all other metals are quiet and essentially unchanged. Hops,
and cost.
Two of the three tunnels on the line, one of 650
wool and oils are still without interesting features.
and one of 450 feet, were pierced within the last fifteen days.
The ocean freight market has shown a better state of affairs.
On the remaining one of 750 feet, only a short distance re¬
mains to be completed. The President, Col. T. Edgerton Hogg, Berth rates have slightly improved, and oil charter tonnage
is in Oregon superintending the work.
hns received greater attention at more uniformly steady rates.
Toledo Cincinnati & St. Louis.—In the foreclosure case of Grain was taken
to-day to Liverpool, by steam, at 2@2^*»
the Central Trust Company against this railroad, Judge Drum¬
flour quoted 7s. 6d.; -bacon and lard, 12s. 6d.; cheese, 17s. 0d.;
mond has made an order referring to Gov. J. D. Cox of Ohio
certain questions connected with what are called the “car cotton, 3-32d.; grain to London, by steam, quoted c^d.; do.
trusts ” and general indebtedness.
This order relates to the to Glasgow, by steam, was taken at 2%d. for immediate ship¬
whole floating indebtedness of the company, amounting to ment and 334d. for next week; do.
to Antwerp, by
About $500,000, and is designed to settle it equitably.
steam, 434d.; do. to Ams erdam, by steam, 10c.; do. to Ham¬
Union Pacific.—The business of the land department of the burg, by steam, 70 pfennigs; refined petroleum in cases, to
Union Pacific Railroad for the first quarter of this year is Shanghai, 28%c.; do. in bbls. to Hamburg, 2^.
; no. to
reported to have been as follow.-: Acres sold, 580,756; amount, Antwerp, 2s.; do. to Bremen, 2s.; do. in cases to Silonica,
18c., or Constantinople, 1934c.
$1,419,386.
,
THE CHRONICLE.
12, \m i
April
COTTON.
In addition to above
exports, our telegrams to-night also givo
the following amounts of cotton on
shipboard, not cleared,
at the ports named.
We add similar figures for New York,
which are prepared for our
special use by Messrs. Carey, Yale
& Lambert, 89 Broad Street.
us
Friday, P. M., April 11, 1884.
The Movement of the Crop, as indicated by our telegrams
from the South to-night, is given below.
For the.week ending
this evening (April 11), the total receipts have reached 80.113
bales, against 37,091 bales last week, 53,884 bales the previous
|
On
week and 42,635 bales three weeks since; making the total
April ll, at—
receipts since the 1st of September, 1883, 4,649,774 bales, against
5,466,138 Ixiles for the same period of 1882-83, showing a
decrease since September 1, 1883, of 836,364 bales.
Hat.
Receipts at—
11 on.
Taes.
Wed.
Thurs.
Fri.
Total
Galveston
Indiauola, &o.
'132
few Orleans...
Mobile
1,880
2,552
1,178
08 G
132
758
031
514
....
....
....
....
379
379
403
337
334
162
155
1,569
152
378
....
...
....
....
Florida
Savannah
Brunsw’k, &.o.
—
397
....
178
-
99
450
1.608
27
27
756
*2,000
9.05 1
310
151
2 502
.....
VewOrleans
.
*
-
158
Pt.
•
Royal, <fce.
Wilmington
Morek’d C.,&e
2 54
...»
.
Norfolk
531
303
....
Wes£ Point,&e
....
1,292
1,018
Boston
....
145
151
06
....
....
192
143
■
618
31*
11
81
599
65
65
43 S
1.818
....
....
867
807
3:>2
325
190
85
129
2,409
1,170
1,370
604
434
6>9
5,91 5
Baltimore
8 >7
Philadelp’a, <feo.
50
0.15 5
Totals this week
155
6 309
Other
FYance.
Foreign
15.173
None.*
No iti.
1 '■ .078
None.
1,19')
i 8 4
None
None.
None.
5.
N> tie.
None.
0
None.
500
6UO
S iVrttmah
G tlve-tou
Norfolk
Now York
Qoher ports
Non
O.-Ri
None.
N*»ne.
1,500
2.700
Coast¬
wise
99
2 000
5 no
1.300
None.
2.iU-i
one.
3 Mil
2.0 0
2.000
2
N
Leavinp
Stock.
Total.
one
None.
'
153 57$
) 2
303
10 710
2.400
5.578
3.09 l
3,8o2
3.000
3.300
14 i»»3
8,4 92
34 4.611
Total 1884
Total 1883
Total 1882
123
4.507
1,186
3.204
3,319
—-
—-
,,
306
1,820
6,028
39,113
The
-
-
29.589„
^
22,457
12,578
9,909
0,701
51.705
579 810
81,122
56.50.0
1L421
11.105
41.24 8
19 .06
1 3.1 15
145 930
2,920
09,800
623 634
634 941
....
55
....
IS
•
.
72
93
....
43
....
Hew York
G3
177
....
...
not clear tut—tor
——
...
Charleston
Shipboard,
Great
Britaiyi.
M>bilo
Ciiaru eton
"
....
457
speculation in cotton for future delivery at this mirket
week,
for the week under review Ins not been so active as last
and there have been wide fluctuations, with some
irregularity
in the
of
prices, but in the aggregate an important
further advance must be recorded.
Foreign a ivices h ive been
decidedly better, the movement of the crop has been quite
course
small and stocks have become much reiuee l.
It is true that
exports have been materially curtaile l, and the weather at
fairly favorable for the work of pi anting, the lat¬
the South is
ter fact
preventing the nextcroji from fully sharing in the ad¬
but confidence in higher prices has been
For comparison, we give the following table showing the week’s
total receipts, the total since Sept.1,1883, and the stock to-night, very general, leading to active speculation for the rise. On
and the same items for the corresponding periods of last year. Saturday a variable market closed at a
slight advance, And the
3 882-83
1883-84
same was true of Monday; but on
StOCK.
Tuesday an active specula¬
Receipts to
tion caused an advance of 9(a) 11 points. On
This
Since Sep.
This
Since Sep.
Wednesday morn¬
April 11.
1884.
1883.
Week.
1, 1883.
Week.
1, 1882.
ing a slight further advance was followed by some selling to
Galveston
582,073 13,041
1,6oS
762.380
IS,035 68,140 realize profits, under which the close was at a slight decline.
Iudianola.&e.
27
8,397
88
16.075
Yesterday there was agiin a brisk speculation at a lv vicing
New Orleans...
9,052 1,180.609 21,664 1,537,476
I86.6J0 260.379
prices, closing with a gain for the dav of 470 8 points, while as
Mobile
247 470
1.206
2,502
14,30a 26,981
301,057
compared with last Friday the latest figures showed an a 1 varied
Florida
379
2 .-.8
153
42,497
15,692
of 20(a)21 points for this crop ail 1 September and 9 5) 1 ) p )ints
Savannah
•This
day's receipts estimated.
vance
64.>,”01
7,*81
8,274
018
418 079
3,038
547,014
Royal, &c.
Wilmington....
11
13,2 48
6 -?9
23.006
59o
90.7.6
463
M’head C„ &c
65
] 2 500
150
1 8,28:'
3,509
Brunsw’k, »V.c
Charleston
Pt.
Norfolk
1,818
West Point,&v
New York
Boston
Baltimore
..
31.039
-
12,710
30.467
297
123.80
4,3 48
9,349
11,29 i
59,7 57
8,72 s
734 8.7
1,329
2)3.471
2.400
93 6 3
3,2” 3
133,18-.'
5,915
157,891
4 807
156.18..
6,720
7 035
21,30
1.625
44,531
9 215
2 > 725
3 4.8 h
4.307
79,56.
12.453
11.4-<8
857
1.S2G
30,1 !
3*4
6 19.774
347.611 24 i 687
72,935 5,4-6.13.-
631 515 769.570
In order that
comparison may be made with other years,
give below the totals at; leading ports for six seasons.
Riccipis
188 4
at—
1S83.
1882.
1881.
Oalveet’n.Ae.
1,635
New Orleans.
Mobile
9.052
21,664
5,913
2,502
1,569
3,2*16
1 121
....
..
Savannah.....
Charl’et'n, <fe<
13,129
4,920
1880.
7.436
we
18:9
4,181
2 6 25
19.175
3 483
15,313
9 3 28
2 802
2,309
8,27 4
3j6 / t
2.662
4,885
3.69S
4.47e
2,198
5,181
1,933
1,612
Wilm’gt’n,&c
655
618
626
401
437
902
Norfolk, &c..
2,685
11,386
10,057
6,212
8,863
5,056
9 635
1 1.310
9.277
17,149
5,407
9,297
Tot. this w’k.
72.935
30,113
33.229
66.579
3S.910
40.187
Since Rent. 1. 1619.774 5486 138 4368 3 46 55 42,901 4571.295 4258,54'
bawnm.iu lueiuues Luaia .out; Uiiarieeiou include* Peri cv« yul, oic.;
Wilmington inoludes Moreiiead City, ve.: Norfolk includes City Point. <vc
The oxports for the week ending this evening reach a total
of 51,690 bales, of which 18,336 were to Great
Britain, 16,968
to France and 16,186 to the rest of the
Continent, while the
stocks as made up this evening are now 631,515 bales. Below
are the exports for the week and since
September 1, 1883.
Week Endinu April 11
Exported u>—
Export!
Great
from—
Brit'n. France
tfalveBton
1.741
5.779
New Orleans..
Mobile
Florida,
,
Conti¬
Total
nent.
Week.
••••«•
10,044
1,18j
248.403
34.760
0-0 151
S7.300
1,1-0
50.157
New Yora
•
•
•
1
4,108
Boston
•
•
•
•
•
•
«
•
t
>
•
.
pdla<lGlp'a,,&c
7ouo
......
•«•*••
305 124
81,005
881.159 1,3 >4 rlO
57.53,
1,380
11' ,20 J
22,990
133.749
207.050
47,24
28.205
3.819
20.58S
80.12,
1.770
0:>5'J
B70
4.510
91.137
1,138
288
l 420
75 030
10,180
51 0; ■»
18,530
i
.
10 908
.
i vk‘.'.S3
3c0.7< 0
3.694
30.108
14 !Wt
•
.
.
.
1,308
....
2,'. 31.184 43-^.eUJ
274.51'
4" ~r,‘<
UP LAN OH.
! 5 to
April 11
Sat.
it!
<ni
42 i
02 281
144 13
49,009.
8.5.-S
*
70 5
ill
ex
9 46.> 2 31 * 0P0 37 4 '01 l.'dSO'n
*.
i Tues lay
we a fur¬
9»lfi
diuy.fttb
9!)ifi
10
101'he
t
l:j,fi
11',,.
1
M 'ddiing... l l
1UM I ! ^
G »od Mid
H1:hs Il-’-'hii 1 2
1 211 fi 12 q
8 r.GM Mid 121,„
vlidd’g Fait 127,fi 1 ‘-7 ,fi 12*8
1 3 %a
13L
F 1
1
9^
’dln'v.^fb
*
Middling... 11\
G ml Mid..
8 r. G’d Mid
M dd’g Fair
Fair
12
I-'>4
12*8
13%
:
t>s
CC
a
0
11^,.
12Le
1 25,^
12U10
I37,«:
121,0
1 2
1214
1 2Lj
120,
125,«
1211, b I278
’37...
137,.
.
,j
M-t»
S’**.
91S,*
11
IP,
1138
117,.,
H°8
Hllie
ll‘«bb H70
I2l,fi
12 hi
1 2®
1
:
127ft
•
1215,6
135a
134
8l5ifi
Ordinary
MARKET
lO^g
.
11
t;
12
a
1
12
ft
*
1,
;
J
•
8151S
9^8
958
9i416
AND
9P,fi
;
•
Ubfi
1
-he
1
rf.
:1'16
l78
1 2 ’ 1 fi
icq
12^
123ltf
1278
12'5,fi
13^8
13
9
Fri.
10*4
1P.«
11^
11%)
%
U)7i6 I 107,fi
llLe 1 l id ,6
—
9*
|
ino» Toe* Wed
sat.
8 riot Good Ordinary.....
L
Middling
M ddiing
1P3J5
Tu.
c
10^4
lOS.a
STAINED
‘1^
h°»
12Lfi 1214
lV5.fi r 5,.: 12 m
12Il,fi 1214,6 127*
i.uu; l»7lfi 13 5&.
ifri.
1214
•
9^
1 03 J 6
1 1
12l.fi
13%^
12
ft
99,fi
,
93*
9»i5
riot Ord..
9l5,q 10
G >ol Ord.. l'»%
lOl-'bfi
1 iHin
8 r. G’d Ord ll^
fi »w Midd’g 1 l;%
li7.fi
8 r. L’w Mia lF*,fi
ll°8
8
99,fi
iu
10
10'lP iO
10) <4, f. 11
l"1»,«
:,1H
1 ’8,h
U-b.5 ii:*
113.6
11 ^
ll7,.; 1 7 «
1
11%.
11”%,
113,, l 58
11»J 12
lP-hH 11'3 0
•
1143|fi
Fn,
in.
HZrti
G »od
m<Mi. Tie*
1
sr.net
O
TEX Ar
ini
40
129
£
ft'
•
^
a
•
a
n>.
Fri.
9 he
Holi¬
9"e
1
10%5
Ilk
0^8
1P4
l"fi« day.
11 he
SALES.
day during the
indicated in the following statement. For the con¬
venience of the reader we also aid a column which shows at a
glance how the market closed on same days.
are
HALES OF SPOT
SPOT MARKET
CLOSED.
Ex
i (Jon-
Spec-
port.j sump.
u/'i’n
75
147
320
S toady
IQilirt
T left Steady at:i
1,400
115
\VYd IQ 'im
rimrs Firm at i,«adv..
....'
.
vi on
*NI<
—
....
i
Fri
5:0
43
40
40
lfil
4 3
362
nu"‘
1,515
Total.
sit.
MMIIk
"
Belt*ericA
Salts
395
•
■mm.
m
m
~
.
....
.II >li dav..
1.2=1
■
Tran-
813 551 3 413 727
0
ex¬
O
NEW 0 i : f\ N-)
'S’n
05 lh
01-3
96ig
9l
Ord..
94i
9:t,
G >nd Ord.. 10°l‘l UMfi I<*4t
.6 or. G’d Ord lillijH iOlul« nh
L »w Mid l’e l IS1H
IP..1 11!%
8 r. L’w Mid
u-'%
U9|.t
0
Total.
•
active for
were
A ]))'
•S;it
42)341
.
Includes exports from Port Koyal, Ac.
Includes exports from West Point, Ac.
.....
more
ther advance of
s.:oi
188.7:7
4 3.4.3
been
is
advanced 3-16e. Yesterd iy there
1-lOe., middling uplands closing at 11 13-16c.
Tiie total sales for forward delivery for the week are 533,509
hales. For immediate delivery the total sates foot up this week
3.282 bales, including 1,515 for export, 1,281 for consumption,
486 for speculation and— in transit.
Of the above, — bales
were to arrive.
The following are the olUcial quotations for
each day of the past week.
quotations
week
13,430
311, nil
>t li
The total sales and future deliveries each
Tota
nent.
154.553
253.012
4.721
100
13
1.776,
Biltimere...
1,521
2.L75
2,175
••••••
•
Norfolk*
t
ce
1,741
1,523
....
Charleston «...
Wilmington..
*
Conti¬
9,7>i4
8&VftEQKb
Total
Great
3'.778
,,,,
,
10.925
From Sept. 1.1883. to Apr. 11. 1 t>4
Exported tn ■
Britain. Frai
the sp
on
.
629
All others....
Cotton
for the next.
port, with a fair demurl for home consumption.
568,84
..
Total
7.97S
5.508
219 382
807
Philadelphia
71 4,01 8
for this crop;
4 46
52.10.)
7 »,30 >
1,802 1 >9.2 «0
6”l 13",9 >0
224 149,800
1 90
drily delivones >crvaii aneve ar^ aotanlly
previous to that on which they are reported.
500
600
......
...;
3 2 J 2 566 5on
we 9-,
The
4,00f>
1,500
1,000
delivered
the
7,600
day
CHRONICLE.
THE
458
found the
and
In the statement will be
table.
ing comprehensive
follow¬
Futures are shown by the
The Sales and Prices of
daily market, the prices of sales for each month each day,
the closing bids, in addition to the daily and total sales.
3
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178,183
2-8,000
016,921
2
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459,648
219,000
4 1,200
417.U00
76,010
205,000
32,000
51,000
37,000
921,633
578,810
2,01 6,921 2,459.643
this week have been
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for February,
.
following exchanges have been made, during the week:
pd. to exch. H-0 day for July.
*22 pd. to exeli. 100 ,Iuue for Aug.
03 pd. to exch. InO April for Maw
pd. to e..\ch. 100 June lor July.
pd. to exch. 100 July fur Aug.
*103 pd. to exch. 300 Dec. lor July.
The
*22
•11
•10
to © © x
M X x © X © ©. © X © © ©XX
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M M W X -4 ©
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table, uml shall continue each
give, the average price of futures eacii nay for each month.
It
Will be found under each day following the abbreviation •* Aver.” The
average for each mouth for the week is also given at bottom of table.
TrauHterabie Omeib—Maiurday, ll'65o; Monday, l t*70c.; Tuesday,'
ll*80c.; Wedneeday. 1180c.; Thursday, 11 ’Soc.; Friday.
c.
Shott Notices for April—Saturday, ll-Oi a>ll*r.-le.; Toesday, ll*70c.
x
X
x
^1 —
X 00 — © 10 X X - 4 © 00 Cl © - 4
C ic x © © © x x
-j © cc x m x
M
to X X C3 to
*X '©. 03 i o71
X M © Cl© XOI
c 10 >— M i-o CO ©
-1 © to 00 X X iO
Includes puIph in September. 1883, f»>r Septomlver, 7G,‘200; September-Octobcr. lor October, ::3S,G00; Sept«"mber-Novcmber. for November,
399,800; September-Deecttner. for December, 86.'.500; September-
f^" We have laciudetl m tiie above
to
—
©eextotoxto
to X ©©00 ©to
*
week
I.
®
,
Junuary, for Janmiry, 2,-17.000; September-February,
l,780,b00; Septcmber-Mureli, ior Mtireli, 2.'3O0,8uO.
3
r-b.
g?
to ©,; x
7: © -1
Ci -C © © -1 If*, ci
li* O N. r* to rr* ©
c-
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©
3
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x £*■
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C © to M © X M M c X i
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11
S.
£
pa
7)
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670,000
6 >0.217
237.-101
25,0 j0
,
! I
I
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—
614,000
203,000
7.-4.741
•
follows:
3/232.3 2 2,941.562 3,038.153
6d.
5 Sail.
O'fii.il,
period of 18S2-S3—is set out in detail
b
,f*
M-*
c; ©
C
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M ^ M
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,6 hul.
as
302,000
62/200
92,436
imports into Continental ports
tO
C. oi
0
©
to ©
237,401
2 3,000
The above figures indicate a decrease in the cotton in sight
to-night of 8:2*6,831 bales as compared with the same date of
1883, a 'decrease of 30,081 bales as compared with the corres¬
ponding date of 1882 and a decrease of 132,077 bales as
compared with 1881.
At the Interior Towns the movement—that is the receipts
for the week and since Sept. 1, the shipments for the week, and
the stocks to-night, and the same items for the corresponding
o
O
®
T
0:0
9* 9
6
680/247
b
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6 6C 6
XX
s*
-l
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0,000
37,000
67
571,000
11 a,000
405,000
765,100
762.200
2.143,231 2,467,201
•
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^
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M M%* M
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The
Jc
§
^
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205,000
42,000 bales.
b
99
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b
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$
k
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279,610
265,000
61,100
102,700
301,000
42,000
afloat
Liverpool
Price Mid. Upl.,
k
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t~*
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03
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104,200
279,000
b
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descriptions are
18,000
70,000
Total East India, Ac
Total American
b
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to r.
P-*
i «► to:
© -1
X X
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»—* •—*
6
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3, (00
5,340
417,000
405,000
51,000
724,741
178,183
28,000
214.632
267,000
,
C5
0
0: c CO
1-1
•
stocks..
Continental stocks
India afloat for Europe
A
©
3,740
22,500
1,137,638 1,183.810
769,570
631,515
08,766
15,000
to-day..
Liverpool stock
b
©
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77C
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1
6
©
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to to c «o
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150,000
730.000
203,000
532,000
,
29 f ,000
London stock
Egypt, Brazil, Ac.,
MX
X
12 >-*
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760
105,000
3,110
36,000
6,500
3,474
2,40*7,202
©
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782,000
322,000
East Indian, Brazil, £c.—
© ©
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United States interior
United States exports
C,
X
77
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American—
Liverpool stock
bgtles
Continental stocks
American afloat for Europe...
United States stock
X
x
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X
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i
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44,100
41,800
4,870
3,232,302 2,911,562 3,038,458
y-*
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X
-
6.500
25,400
18,800
254
18,600
•
other
A
to M
M
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15,000
1
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x
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c; to
k~
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42,000
2,000
1,900
32,000
7 69,570
214,632
631,515
98,766
..
^
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X
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202,438
2
c. Ci
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^
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305,700
426,200
Continental stocks
Egypt, Brazil, Ac.,a ill for ET'pe
Stock in United States ports
Stock in U. S. interior towns..
United States exports to-day..
y
to i: o
X
©
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^
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M
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901,200
April.
M
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935,200
Total European stocks
1,545,200 1,362,100
304,000
India cotton afloat for Europe. 279,000
532,000
Amcr’n cott’n afloat for Eur’pe 294,000
^
©:©
XX
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to 00
©
Total Great Britain stock .1,119,000 1,056,100
3.S00
Stock at Hamburg
3,700
40,200
Stock at Bremen
70,200
:
30,-00
Stock at Amsterdam
03,000
2,400
Stock at Rotterdam
1,000
1,100
Stock at Antwerp
1,300
Stock at Havre
218,000 ,139,000
6,100
4,000
Stock at Marseilles
66,000
Stock at Barcelona
60,000
9,700
Stock at Genoa
:
10,CO.)
7,100
Stock at Trieste
5,000
2
C*7
X M
1 q to:
x
X
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XX
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41,200
Total
I
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62,200
h*
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1881.
863,000
188?.
bales. 1,019,000
70,000
Liverpool
London
to
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XX
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873,000
St ock at
Stock at
fee
r3*
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995,000
188-1.
Ci >3 rrj
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XMOO
AS
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 down
to Thursday evening. . But to make the totals the complete
figures for to-night (April 11)? we add the item of exports from
the United States, including in it the exports of Friday only.
JC
3
qbjsp®
(VOL. XXXVIII.
WX ©
to © © ©.- © © ©
x
I0XC3-4
x
oo *w ©o-i-i © ecu©
x
X r c © © K cn © © M to
X -1 © X Cl © Cl © © X © -1
<T.Ci
This year’s figures estimated.
The above totals show that
©
© "c
to
m o:
X 0-3 © © ©
Xx X© M x
X — 1 © © 00 CO
©
M
CC 0 3,J-p © »0
© —‘gj7jcocr. co
x © © O IO © O
© M X ©© ©X
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5 ■elx
=
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*
creased during
the old inter ior stocks have de-
the week 10,093 bales
and
arc
to-night
115,866
AriiiL
THE CHRONICLE
12, 1854 )
bales less than at the same period last year. The receipts at
the same towns have been 3,990 bales more than the same week
459
well. The thermometer has ranged from 40 to 77,
averaging 60.
last year, and since September 1 the receipts at all the towns
Luling, Texas.—There has been no rain all the week.
are 604,729 bales less than for the same time in 1882-83.
Young crops are promising. Average thermometer 65, highest
78 and lowest 51.
Quotations for Middling Cotton at Other Markets.—
Brenham, Texas.—It has rained on one day of the week,
In the table below we give the closing quotations of middling
ootton at Southern and other principal cotton markets for each the rainfall reaching two inches. Young corn is coming up,
and good progress is being made in planting cotton. The
day of the jxist week.
thermometer has averaged 62, ranging from 45 to 80.
CLOSING QUOTATIONS FOR MIDDLING COTTON ON—
Belton, Texas.—We have Had no rain during the week.
Week ending
There has been one killing frost during the week, bu-t there
April 11.
1 Yednes.
Satur.
Thurs.
J Ion.
Tues.
Fi'i.
was
nothing above ground to be hurt. Corn planting is about
completed in this neighborhood, and cotton planting progresses
ills
114
114
114
;
Galveston....
113|6
11 4
11 °1Q
1 lDns
well.
The thermometer has averaged 54, the highest being 71
11*4
U4
J
New Orleans.
114
Mobile
114
H4
;
lUie*
progresses
-
llin
Boston
Ills
11 *4 n ^
11 *8
11 l8
1134
Baltimore.
11
flavauuah....
Charleston...
Wilmington..
Norfolk
......
..
u%
11*4
LI1-*
114
114
114
Philadelphia.
Augusta
Meniplrs..
r>&
(V
..
est. Louis
■Cincinnati...
Louisville....
1
l3in
11%
11 4
11 %
11 4
11 4
114
114
H4
11 4
1 1 l4
and the lowest 34.
8
114
114
114
114
114
114
114
114
114 ©4
li-4
114
114
11 4
■■
114
114
114
114
114
11%
114
114
H4
11 4
314
11%
12
12
114
114
114
114
314
114
314
114
3. 4
114
Receipts from the Plantations.—The
Weatherford, Texas.—We have had no rain during the
some.
We had one killing frost this week,
but it proved harmless. There will probably be a large increase
;
week, but need
>»
in the acreage
o
l
I
J
J
I
following table is
prepared for the purpose of indicating the actual movement each
week from the plantations.
Receipts at the out ports are some¬
times misleading, as they are made up more largely one year
than another at the expense of the interior stocks.
We reach,
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 through the outports.
therefore,
K MCK U’TS
Week
Receipts
1 r.o.M r I. A NT.VI 'IONS.
at the Ports.
Jan. 25
Fob.
1
W
s
I8S2.
St’k at Interior Towns.
o
29
?.....
14
21
H
28
....
April 4
„
M
18-3.
1884
J
Cc
from Plant-'w
IS 82
1883.
11
IsSt
1
2U;i,75lj
22
II
lfit 2.
18^4.
W
1
92,081 130,400 104.53 •: 401.980 3 0.749 3C0.900, 74,024 119,182
95.057 171,310 112,110 310.019 347.523
81.090 168.0-iO
83.779 165.80- 1U.4HI 380,526 343.5-4 2-2,475, 77.2SH 161.029
72,031 146 130 105 921 372.454 326.796 208.061)! 633-57 129,342
GO. HO 134 4 IH 6,013 862,430 321.434 254.450 57.130 129,076
j
51.9-0 1352-2.
76.4S7 343 072 30-.4 IT 227,215' 5)2.632 122 314
!
24.826
08.720 315,973 304,621 205,477! 31,64-8 121.0 0
58.747
57J54 111.1HI 49 8 6 2-4.'93 2-i7,173 184,414! 25,874 10 {.733
01,9IH i 05.002 42,. 35 2’3.6 is 279 916 1*
0,s09j 3’.141 87.835
54,035 ,86 999 5 ',8-4 233.182 206.971 141,230 33 599 74,021
44,467 78.70S 37 091 215 914 257,152 125 394 27,229 68,889
7 2.‘Of) 3 Ml< 2!1.i i7 239 401 110
10.032 55 2 4
....
15
Mcli.
18-3..
Js
i
£ 00
80.961
94.202
91 515
51.394
19,032 bales.
Amount
of
Cotton
19.GS0
31311
*1,210
11.787
were
Sight April 11.—In the table below
give the receipts from plantations in another form, and add
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.
we
to them the net overland movement to
7*
1883-84.
1882-83.
1881-82.
1880-SI.
Receipts at the ports to Apr. 11 4,649,774 5,486,138 4,368,336 5,242,901
Interior stocks on April 11 in
excess of September 1
GO,012
222,970
156,322
222,761
Tot. receipts from plantat’ns 4,710,686 5,70.0.114 4,524,658 5,465,602
Net overland to April 1
526,328
572.324
394,473
452,089
Southern consumpfu to An; il !
236, OCO
2i0,0(K>
19O.000
155,00*
Total in sight. April 11.
It will be
5,473.014 G.521.438 5,109.131 6,072.751
by tno’ above that the decrease in amount in hitri<t
to-night, as compared with last year, is 1,043.424 bales, the increase as
seen
Compared with 1831-32 is 303,8to
is 599,737 bales.
baies,
audtlio decrease from 1880-81
Weather Reports by Telegraph.—The weather has con¬
tinued favorable for crop purposes at the South during the
In a few sections the weather has been so cold as to
week.
retard planting to some extent, but generally good progress
is being made.
Galveston. Texas.—We have had hard rain on two days of
the week, the rainfall reaching two inches and
seventy-six
hundredths. Crop accounts seem to be generally favorable.
The thermometer lias ranged from 52 to 74, averaging 63.
lndianola, Texas.—It has rained splendidly on two days
of the week, very beneficial to young
crops.
The rainfall
reached
are
one
inch and two hundredths.
thriving.
Both
corn
and cotton
The thermometer has averaged 65, ranging
from 49 to 80.
Palestine. Texas—We have had showers on-two days of
the week, the rainfall reaching seventy-two hundredths of an
inch. Corn planting is about finished and cotton planting makes
tine progress.
We have had a frost this week, but not a kill¬
ing frost, and no harm was done. Average thermometer 58,
highest 75, lowest 41.
Huntsville, Texas.—We have had no rain during tho week,
'-orn has been
planted and is coming up, and cotton planting
Shreveporty Loaisia.ua.—rJ lie weather has been fair, and
latterly cool, during the week, with light rains. The rainfall
reached forty hundredths of an inch.
Roads are in good con¬
dition.
The thermometer has ranged from 42 to 79.
Vioksbvra. Mississippi.—It has been showering on one day,
and the remainder of the week lias been pleasant; The rain¬
fall reached sixty-eight' hundredths of
inch. Planting
makes good progress.
The thermometer has ranged from
Meridian, Mississippi.—The days have been warm, but the
nights have been cold during the week. We had light frost on
Friday morning, the 4th. Increased land is being given to
cotton this year.
Planting is making good progress and more
fertilizers than usual are being used.
Greenville, Mississippi —The weather has been cold and
dry all of the week. Buffalo gnats and cool weather prevent
planting. The thermometer lias averaged 59, ranging from
Columbus, Mississippi—We have had a shower on one
day of the week, the rainfall reaching eight hundredths of an
28 813
the receipts from the plantations
55,244 bales and for 1882 they
in
1) i lias, Texas.—There has been no rain all the week.
We
have had a frost, hut not a-killing frost.
is
Young corn
doing
well.
Planters are giving increased land to cotton this year,
and planting progresses well.
Average thermometer 58, high¬
est 82,' lowest 34.
New Orleans. Louisiana.—It has rained on two days of
the week, the rainfall reaching two idles and ninety-six hun¬
dredths. The thermometer has averaged 60.
40 to 75.
2.—That, although the receipts at the outports the past week
30,113 bales, the actual movement from plantations was
only 14,787 bales, the balance being taken from the stocks at
Last year
Tho thermometer has
46 932
were
were
and cotton.
49.302
The above statement shows—1. That the total receipts from
the plantations since September 1, 1883, were 4,710,086 bales;
m 1882-83 were 5,709,114 bales;
in 1881-82 were 4,524,058 bales.
the interior towns.
for the same week
corn
45 to 71.
i
tndinQ—
of both
ranged from 34 to 81, averaging 55.
w
inch.
The weather lias been too cold.
Rain is needed
on
the
prairies.
Little Rock, Arkansas.—The weather lias been favorable
for planting interests during the week, but rather cool and
cloudy the last three days, with light showers on two. The
rainfall
reached' thirty-five hundredths of an inch.
Tho
thermometer lias averaged 53, the highest being 71 and the
lowest 36.
Pine Bluff. Arkansas.—There lias been no rain during the
week.
The thermometer lias averaged 53, ranging from 42
to 70.
Last week we had no rain, and the thermometer aver¬
aged 60, and ranged from 42 to 80.
Fort Smith, Arkansas.—We have had rain on two days of
the week, the rainfall reaching ninety-one hundredths of an
inch.
The thermometer has ranged from 32 to 74, averaging
53.
Helena, Arkansas.—The weather has been too cold during
We have had a frost, not a killing frost.
It has
rained on one day, the rainfall reaching twenty-three hun¬
the week.
dredths of
an
inch.
This is the first rain since
March
25.
Average thermometer 54, highest 64, lowest 34.
Monticello, Arkansas. —Telegram not received.
Newport, Arhansas.—Telegram not received.
Memphis, Tennessee.—We have had rain
on one day of the
light frosts on Tuesday and Wednesday'
mornings. Good progress is being made in farm work. The
thermometer has averaged 56, ranging from 43 to 69.
Nashville, Tennessee.—The weather has been cold and dry
all the weak, with ice on two nights.
Plowing makes good
The cause for the small receipts this week is
progress.
exhaustion of crop.
Average thermometer 50, highest 69 and
week.
There
were
lowest 34.
Mobile. Alabama.—It rained
severely on one day and was
showery on three days in the early part of the week, but the
latter portion has been clear and pleasant. The rainfall reached
two inches and fifteen hundredths.
Planting makes good pro¬
gress, hut is late.
The thermometer has averaged 60, tho
highest being 76 and the lowest 46.
Montffornery, Alabama.—We have had rain on two days of
the week, the rainfall reaching twenty-eight hundredths of
an
inch. The weather lias been too cold.
Planting is mak¬
ing good progress, and there is an increased demand for
fertilizers.
The thermometer has ranged from 42 to 73, aver¬
aging 58.
Mtatua, Alabama.—It has rained on one day of the week,
and the remainder of the week has been pleasant.
Planting
is about completed in this neighborhood.
The thermometer
lias ranged from 37 to 70, averaging 56, and the rainfall
reached twenty-five hundredths of an inch.
Mae'ison, human..—It has rained on one day of the week,
the rainfall reaching one inch and sixty-eight hundredths.
We have'had frost this week, hut not a killing frost.
Ave rage
thermometer 64, highest 82, lowest 42.
CHRONICLE.
THE
460
Macon, Georgia.— It has
rained
two days of the week.
on
The weather has been cool with
backward.
The thermometer has
light frosts. Planting is
averaged 53, the highest
being 72 and the lowest JIG.
CoUu»tma% Georgia —The weather has been cold and dry
during the week, with no rain. We had a killing frost on
Thursday. The thermometer has ranged from 42 to 6G, aver¬
aging 5G.
Hanunnah. Georgia —It has rained on three days, and the
remainder of the week has been cool. The rainfall reached
fifty-two hundredths of an inch. The thermometer has aver¬
aged GO, ranging from 45 to 74.
had light rain on three days
week has been cool and
dry, with light frost on Thursday morning. The rainfall
reached three hundredths of an inch.
Preparations for plant¬
ing in this section are rapidly progressing. Average ther¬
Augusta, Georgia—We have
of the week, and the remainder of the
843 1
[VOL. XXXVHI.
Liverpool and Alexandria, we now receive a weekly cable of
Egypt. The following
past week and for the
corresponding week of tne previous two years.
the movements of cotton at Alexandria,
are the receipts and shipments for the
Alexandria, Egypt,
188*:-83.
1883-84.
April 9.
1881-82.
*
Receipts tcantara*)—
-
Since
This
week.
Exports (bales)—
To
Liverpool
i’o
Continent
Total
Sept. 1.
This
week.
32.COO
2,799,000
Since
This
week.
Sept. 1.
Since
Sept. 1,
6,000 231.000
3,000
2,000 221,000
77,000;
1.533 163.871
9.000 346,000;
3,000!298,000!
2.533 394.871
115,000j
Europe
A cantar
6,000
2,22 5,000
5,000
2,014,000
This week....
Since Sept. 1
1,050
231,000
is 98 lbs.
This statement shows that the receipts for the week ending
April 9 were 5,000 cantars and the shipments to all Europe
9,000 bales.
Manchester Market.—Our report received from Manchester
lowest 36.
to-night states that the market is strong at a fractional
Charleston, South Carolina.—It has rained on one day of advance.
We give the prices of to-day below, and leave
the week, the rainfall reaching thirty seven hundredths of an previous weeks’ prices for comparison.
inch. The thermometer has ranged from 42 to 74, averaging
1884.
1883.
58, highest 72 and lowest 40.
mometer
Atlanta, Georgia.—It has rained on one day of the week,
the rainfall reaching fourteen hundredths of an inch. The
thermometer has averaged 52, the highest being GO and the
r
59.
Columbia. South Carolina.—Telegram not received.
The following statement we have also received by telegraph,
allowing the height of tlie rivers at the points named at
April 10, 1884, and April 12, 1883.
Apr. 10, '«!. Apr. 12, ’-3.
Feet.
1
39
Below high-water mark
New Orleans
Memphis
9
9
7
17
6
4 !>
1
Nashville....
Above low-water maik.
Above low-wafer mark.
Shreveport...
Vicksburg
I net
Feel
0
31
33
20
Inrh.
1
j.
4
0
4
43'
5
reported below high-water mark of 1871 until
Sept. 9, 1874, when the zero of gauge was changed to highwater mark of April 15 and 1G, 1874, which is G-lOths of a foot
above 1871, or 1G feet above low-water maik at that point.
New Orleans
Ports.—We have
re-arranged our India service so as to make our reports more
detailed and at the same time more accurate. We had found
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 10.
Movement
Cotton
India
KHCEirr.S AND SlIll'AI KNTS FOR FOLK Y 1C A US.
BOMBAY
\Ship meats flit
year! Great
Ship if.'i;;*»*.*
ter*'/:.
v
j
Britain j
Total.
nent
sme>
Jan.
Conti-
Great
Conti-
! BriVn.
all
from
Thin
Total.
nent.
1884 23.090 13,009 7?,ooo 234.000 281.000
1883!2 .OOO 9.000 3100» 19/.O0O 3 Ml 000
1882:41.000 K,< O » i 0,000 1 Ul.OOuj 228 OOu
18811 O.ooo 2-.0oo 3 1.000 1 1A.OD-L 217,000
'
lire*
l.
> o
y.
Week.
Ji
L
r»
0-1.001'
01 GOOD 75.00* >
332.00d 5 YnOtt
8*.: 8 e-fi
7 00
hi 10.00
f>
f» 01-
compared with last year in the week’s receipts, of
shipments of 41,000 bales, and
3,000 bales, and an increase in
the shipments since January 1 show a decrease of 35,000 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.
d.
9
9
9
9
9
9
s.
5
5
5
5
5
5
5
9q 5
d.
7
7
7
7
b.
97
91
91
97
68387
7 91
7 97
W7
7
9 487
934 5
I0b}®7
G5io
d
d.
28s
28?
28s
283
2 8>
2%
28;
38?
4
d.
a.
d.
S3* 9 958 6 0
5^8
513l(J S3* 9 98; 5 n
5 10
5 10
9*4 5 10
oq 5 9
9q 5 9
9q 5 9
9q:5 9
9q 5 9
51-h.j 8 **8 ct> 938
882 9 9q
578
83a 9
578
*38 9
578
5i»ie 8^8 9
6
J8
0’;16
J
4is
d.
83g ®
81\( 9
S”l6®
Cot'
8q lbs.
Shirtings.
8.
97
97
97
97
97
97
97
97
97
97
d.
6
482
3
3
3
3
3
18s
1 8a
18*
n
Mia.
Up7
s
d.
5Hle
55a
553
5916
0^3
591«
55g
East India Croi\— From Messrs. Wallace & Co.’s report,
dated Bombay, March 7th, we have the following:
“Some parcels of new Broach and Dliollorahs of very satisfactory qua !ity have come to market,and in a short time free arrivals of bath may bo
ex' coted.
From all aoeotmts, however, it is unlikely that the supply of
either growth will be so large as was the. case last year, and. looking to
this and the undoubted shortness of the Oonirawuttoe orop, it now ap¬
pears very probable that the receipt i»f cotton, into Bombay b fore the
rains will not admit of an export for the half-year ending 90th June of
more than 900.000 bales, i otwithstanding the increased quantity of
Bengals rlmt is this year finding its way to Europe via Bombay. Of
course higher prices, it during free shipments, may make a difference,
but from a careful comparison of the reports of the best, up-country
authorities, both Europe in an l native, 900.00 ) bale3 is the luo-t that
the exports for the half-rear are likely to total.”
Messrs. Gaddum,
dated March 7th,
Bythell & Co., of Bombay, in their circuiar
give the following report received from
: Since last reporting to you the weather has continued hot
dry, and but fi r the heavy dews fading at night our cotton crop
might have stiffen d to some extent. From the m rrhern districts,where
the plants arc always in advai re, reports continue favorable.
In tho
southern parts people are v.-ry anxious for rain, >a.\ iug that if rain does
not fall shortly the plants wiil suffer considerably.
Should no rain
“
n.
518,000 09,000
553,001
d.
Fob. 8 Ska 9
“
15 88s 9
“
22 i8)a 9
“
29 8*2 9
Mcli. 7 8*2 9
“
11 3*2 9
“
2! 89ie*®
«
28 8^8 9
4 8% 9
Apr.
r* 11
Upl’s
32* Cop.
1 icist.
Tinnevelly:
.s’
According to the foregoing, Bombay appears to show an
increase
Twist.
3 o’clock
OotVn
Mid.
sq lbs.
Shirtings.
32* Cop.
Tuticoi'in
and
come,
ilie yield in the southern
portion of the district will no doubt be
new crop aref
good.”
Jute Butts, Bagging, &c.—'The market for bagging has
been moderately active since our last, and a fair amount of busi¬
ness is being transacted.
The orders,' however, are for small
lots for present wants, buyers still holding off from supplying
future requirements.
Prices are steady, holders not being
somewhat smalh r; but on
the whole the prospects of the
“Other ports” cover Ceylon, Tuti- willing to shade present figures on the lots that are being
taken, but a round parcel could he had at less money. At the
close the quotations are 9}£c. for \l/2 lbs., 10c. for 1%'lbs.,
Shipments since January 1.
week.
10;t£c. for 2 lbs. and 114£c. for standard grades. Jute butts
Great
are only inquired for at the moment in a jobbing way and
Total.
Continent.
Total.
Britain.
invoices are neglected.
The business is in spot lots, and for
these dealers are quoting 2f£@2®gC. for paper grades and 2%CP
94,000
25,000
10.000
00,000
2%c. for bagging qualities; but to arrive a quantity could he
1 0.200
corin, Kurrachee and Coeonada.
Shipments for the
Great
Britain.
Conti¬
nent.
Calcutta—
10.000
1,200
1881
1,200
51,200
9,U00
1.000
10.500
4,ot0
1,000
10.500
5,500
3.000
10.500
2,000
0,000
Madras-
l.OiX-
..v.w
All others—
13.500
4,000*
'Total all-
11,0 )0
l
1883
1 1.000
93,000
28,000
12’/ 00
1.200
59,700
12 000
71 .Too
,200
The above totals for the week show that
the ports other than Bombay is 9,800
week last
shipments
follows:
BXrOUTS TO El'UOI’E FROM ALL
Shipments
all Europe
This
week.
from—
'
Bombay
All other ports
2.000
1 1,000
S:
,0 0
This last statement
Since
Jan. 1.
j
518.001
1
1
INDIA.
;
21,00*'j
(5 3 9,0 on!
affords
Since
Jan. 1.
This
|
Since
week.
1
Jan. 1
1.000!
553,00‘
49.000
(514,000
C-Oo|
71.70'
3,500
142 900
2.200!
024 7'H
Th is
week,
5
a very
|
j
52 "DO
780 9 '>0
interesting comparison of
for‘the three years ;; t ail India ports.
Alexandria Receipts- and Shipments.—Through arrange¬
ments we have made with Messrs. Davies, Benaehi & Co., o£-
the total movement-
a
shade less.
European Cotton Consumption to
April 1.—The cable
brings us to-day Mr. Ellison's cotton figures, brought down to
The revised totals for last year have also been
April t.
received and are given for the purpose of comparison. The
takings by spinners, in actual hales nnd pounds, have been as
follows:
From Oct. 1 to
April 1.
Great Britain.
Total.
Continent.
For 1883-84.
Takings by spinners...balesj
Average weight of bales....:
j
Takings in pounds
1,9.1,000
431
832,261,000
1
603,000
3,534.000
435
433
697,305,000 1,529," 66,000
For 1882-83.
1882.
1883.
188 L
Total
the movement from
bales more than same
year.
For the whole of India, therefore, the total
since January 1, 1884, and for the corresponding
periods of the two previous years, are as
to
had for
.bales':
weight of bales —j
takings by spinners.,
Average
Takings in pounds
1,829,000
1,713,000
-146
435
815,3 s 1,000
747,330.00!
3,517,000
441
l
503,211,000
According to the above, the average weight of the deliveries
pounds per bale to April 1, against
446 pounds per bale during the same time last season.
The
Continental deliveries average 435 pounds, against 435 pounds
in Great Britain is 431
last year,
433
and for the whole of Europe the deliveries average
per bale, against 441 pounds during the same
pounds
THE
12, 5854.]
APRIL
CHRONICLE.
period last season. In the following table we give the stock
held by the mills, their takings and their consumption, each
month since October 1, all reduced to bales of 400 pounds each
for this season and last season.
It is a very convenient and
useful summary:
1893-84.
Oct. 1 to April 1.
Balts of 400 lbs. each.
000# omitted.
Great
Conti¬
Britain.
nent.
3 4 4,
Takings in October...
98,
323,
supply
Oct., 4 wks.
421,
292,
Spinners’ stock Oct 1.
Total
Consump.
Spinners’ stock Nov. 1
129,
Takings in November.
3S6,
Total supply
,
Consump.
Nov., 5 wks.
Spinners’ stock Doc. 1
Takings in December.
1882-83.
Total.
Conti¬
Total.
nent.
442,
499,
32,
233,
941,
560,
315,
283,
28S,
603,
268.
252,
540,
252,
335,
381,
721,
27,
387,
36,
320,
63,
707,
176,
520,
515,
365,
[
Great
Britain.
537,
335,
150,
218,
301,
1,102,
700,
252,
414,
300,
139,
221,
149,
332,
356,
770,
675,
315,
402,
549,
54,
301,
41,
95,
351,
652,
355,
392,
717.
288,
252,
510.
67,
497,
140,
390,
207,
887,
564,
360,
530,
315,
1,094,
m
Comparative Port Receipts and Daily Crop Movement.
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^
movement for the years named.
The movement each month
since September 1, 1883, has been as follows.
—A
Tear
Monthly
Receipts.
1883
Beginning September i.
1882.
1881.
1880.
1879.
1878.
343.8L2
Sept’mb’r
326,656
October.. 1,046.092
980.584
Novemb’r 1,030.330 1,094,697
Decemb’r 1,059,653 1,112,536
429,777
458,478
853,195
968,318
974,043 1,006,501
996,807 l,020,802i
333,643
888,492
942,272
956,464
January
February.
487,727
291,992
257,099
647,14'
487,729
385,939
241,514
.
March.
..
Totalyear 4,595,113
P
752,827
595,59*482,772
571,70;
572,72476,532
288,848
689,264
779,237
893,664
618,727
566,824
303,955
447,91 >
264,913
5 3 45,670 4.290,640 5,075.110 4,480 842 4,140 519
rc’tage of Cot. port
March 31.
8890
90 89
86 40
89-58
9310
This statement shows that up to March 31 the
receipts at the
ports this year were 730,552 bales less than in. 1882-83, and
304,478 bales more than at the same time in 1881-82. By adding
to the above totals to Mar. 31 the
daily receipts since that time,
we shall be able to reach an exact
comparison of the movement
for the different years.
39S,
553,
Consump. Deo., 4 wks.
285,
268,
951,
553,
Bpinnors’ stock Jan. 1
Takings in January..
113,
444,
285,
356,
398,
800,
supply
Jan., 5 wks.
557,
350,
641,
330,
1,198,
680,
Spinners’ stock Feb. 1
Takings in February.
207,
347,
311,
232,
513,
629,
204,
336,
215,
341,
419,
677,
55 4,
593,
556,
261,
“
264,
540,
277,
1,096,
284,
1,147,
548,
3....
4.556
549,
15,53 4
7,501
8.
“
4..*.
8,873
6,155
12.239
9.772
23,210
13 597
7.048
13,035
8,237
13.354
4.022
15 310
9512
6.243
10.317
£
4 170
9,980
13,656
14,912
5,264
4,717
9,222
supply
Total
Total
Consump.
!
|
j
;
1883-84.
67” ,
Consump. Feb., 4 wks.
Spinners’ stock Mar. 1
2 70,
329,
Takings in March
333,
•294,
Total supply
Consump. Mar., 4 wks.
603,
277,
264.
Spinners’ stock Apr. 1
326.
359.
A
623,
599,
627,
263,
236,
295,
5o.>,
313.
60 4,
1,226,
541,
549,
613,
260,
1.162.
296.
695,
263.
353.
61 6.
5 46,
striking comparison with last year is reached by
bringing together the above totals and adding the average
weekly consumption up to this time for the two years:
more
1881-82.
1880-81.
1879-90.
1878-79.
Tot.Mr.31
4,595,118 5.345.670 4.290.640 5,075,110 4,480,842 4,140,519
5,3 J4
8.
6.612
15,516
5,922
9,393
2....
5,770
8.
8,096
10,903
8,298
5,570
Apr. 1
“
Total supply
1882-83.
“
5....
“
6....
“
7....
6.300
“
6....
4.50-
“
9....
3.20
11 3<
“
10.,..
3.31
13.?
“
11....
6 62
7.5u
4 6 .9 77
5,130 91
Total
S.
Percentage of tot:port
ids \’<r i
8.
4
•
6,524
S.
6,990
13.867
11,236
5,491
6,339
9,678
7.38T
6,785
8.
8.
5,310
6,862
5.150
8.
7,6 49
4,953 654 5,199,867 4,537,541 4,219,351
00.7
99-n3
RQ-
on
-q
94*35
1
Oct. 1 to
Bales
April 1.
1893-94.
of 400 lbs. each.
000s omitted.
Great
Conti¬
Britain
nent.
1832-83.
311,
1,714,
2.179.
Supply
Consumpt’n 26 weeks 1,853,
2.088,
1,7.9.
3.582,
359,
6s5,
4 42.
S'3 Y ^
1
Spinners’ stock Apr. 1
326,
1
om
Conti¬
nent.
j Britain
*82,
! 2.010,
Total.
133,
221.
1.8' 9,
3,909.
1
122
4,267,
2,< 09,
1,859,
1.655,
353,
4.150,
514,
3
(16,
j
i
Weekly Consumption,
008
Great
Tola!.
9.9,
Spinners’ stock Oct. 1.
2,091,
Takings to April I
—
This statement shows that the receipts since Sept. 1 up to
to-night are now 811,142 bales less than they were to the same
it ted.
73,0
73,0
71,0
In November..
67,0
140,0
1
67.0
i
72,0
63,0
135,0
135,0
1
63,0
135.0
135,0
137,0
.
72.0
-
63,0
67,0
140,0
138,0
January
fu February
70,0
71,0
66,0
136,0
72,0
72,0
66,0
137,0
72,0
6,0
65,0
In March
69.3
66,0
135.3
72.0
65.0
In December
In
the Chronicle last Friday.
With regard to New
include the manifests of all vessels.* cleared up to
night of this week.
•i
In October
day of the month in 1883 and 296,120 bales more than they were
to the same day of the month in 1882.
We add to the table
the percentages of total port receipts which had been received
to April 11 in each of the years named.
Shipping News.—The exports of cotton from the United
States the past week, as per latest mail returns, have reached
66,512 bales. So far as the Southern ports are concerned, these
are the same exports
reported by telegraph, and published in
The foregoing shows that the actual weekly
137,0
consumption
York
we
Thursday
Total bales.
New
York—To
Liverpool, per steamers Adriatic, l.Oll
Arizona,882
Hal ic,299
Ilallev, 118
Servia, 1,307
....Tallies, 491
To Hull, per steamer Sorrento, 390...
To Havre, per steamer France, 13
To Bremen, per steamer Eider, loo
New Orleans—To Liverpool, per steamers
..
4,108
300
13
ICO
Horinquen. 2,232
To Havie, per steamer t aribbenn. 3.230
Inara, 2,875
in
Europe, during March was 133,250 bales of 400 lbs. each,
To Bremen, per b.irk A igusle, 2.008
V/>08
To Antwerp, per steam n* Marseille, 200
200
1
against 137,000 bales of the same weights at the corresponding
To Barcelona, per steamer Jose Bare, 1,326
1,326
time list year.
To Genoa, per bark Entella, 2,161.-.
Our cable, however, gives the weekly rate of
/
2,164
To Vera Cruz, per steamer City of Mexico, 1,172
1,172
consumption for Great Britain during March at 73,000 bales Mobile—To Liverpool, per ship Winnepeg, 4,300
.*....
4,300
(which for four weeks would make 292,000 bales), but the total Charleston—To Bremen, per steamer lizzie, 3,677 Upland.... 3,677
To Reval. per bark Cygnus, 1,270 Upland
1,270
consumption for the month is stated at only 277,000 bales, or
To Barcelona, per bark Ciscar, 8i5 Upland
815
Savannah—To
an
1,600
average of 69,250 bales per week. The following extract Galveston—ToR.-val, per bark Niohe, 1,600 Upland
Havre, per bark Palander, 563
563
from Mr. Ellison’s circular of March 10 explains
To Bremen, per batk Oild. 974
974
why he called
To V* ra Cruz, per steamer Wliitney, 996
996
the rate in previous months 73,000 bales (when it was
really Baltimore—To Bremen, per steamer Baltimore, 650
650
Iowa,
71,000 and 70,000 bales), and probably furnishes an explanation Boston—To Liverpool, per steamers Illyrian, 1,031
2.220
.*....
3,311
for the present difference.
To Halifax, per steamer Worcester, 50
50
Philadelphia—To Liverpool, per steamers British Prluecss,
“The rate of consumption in Great Britain we estimate at
Clive,
2,398....Lord
2,475
4,973
73,000 bales of 400 lbs. per week, which, for twenty-two weeks,
would give a total of 1,606,000 bales; but from this must be
Total
66,512
deducted the reduction occasioned by the strike in North East
The particulars of these shipments, arranged in our usual
Lancashire. The strike lasted about nine weeks, during which form, are as follows:
the production of
goods was diminished by about 270,000
LiverAnt- BarceVera
pieces of shirtings per week, or a total of about 2,430,000 pieces,
Hull. Havre. Bremen, xverp. Iona.
pool.
G uz.
Total.
300
13
100
4,521
which, at an average of 8 11)3. each, would be equal in cotton New York. 4.108
N.
Orleans.
15,741
16.30L 2,008
2uO 1,326 1,172 38.912
to 50,000 bales of 400 lbs.
It is well known, however, that the Mobile
4,300
4,300
—
-
reduction in the out-turn of yarn was not more than threehfths of the reduced production of cloth—say about 30,000
bales. This item taken from 1,600,000, leaves 1.576,000 as the
actual consumption of cotton in the first twenty-two weeks of
the season.”
Wo retain in
actual
table the
figures which correspond with the
consumption, instead of the consumption as it would
have been in
our
case
the strikes had not occurred.
Charleston
Savannah
Galveston
Baltimore..
Boston
3.311
Philadelp’a
a,973
3,677
5G3.
974
650
815
ri
996
5,762
1,600
2,533
650
3,361
4,873
Total... 32 333
300 16.-77
7,109
200 2.141 2.168 66.512
Included in tlie above totals are, fioin New Orleius to Genoa, 2.164
bales; from Charleston to Reval. 1.2/0 bales; from Savannah to Reval,
1,600 bales, ami from Boston to Halifax, 50 bales.
THE
462
CHRONICLE.
Below we add the clearances this week of vessels carrying
cotton from United States ports, bringing our data down to
the latest dates:
New Orleans—For Liverpool—April 7—Bark Elvira, 1,654.
For Havre—April 7—strainer Blue Jacket, 5,451; Bark St. Julian,
3,445
April 9—Steamer Azalia. 5,040.
For Keval—April 9—Bark Geuitor Taraboccliia, 3,979.
Mobile—For Reval -April 5—Bark Breidablik, 1,180.
Savannah—For Genoa April 5—Bark Angela Maria, 1,523,
Charleston—For Keval—April 4--Bark Flid, 1,225—April S—Bark
Eros, 950.
Boston—For Liverpool—April 2—Steamer Palestine, 1,3G1 —
April 4—
Steamer Samaria, 415.
Liverpool-April 7—Steamer Sardinian, 1,724
Steamer Nessmore, 1 970.
Philadelphia—For Liverpool—April 7—Steamer Pennsylvania, 1,133
April 10—Steamer Ohio,
For Antwerp—April 4—Steamer Zetland, 288.
Baltimore—For
April 9
.
fVOL. xxxviu.
Wednes., Apr. 9.
Thurs., Apr. 10.
Open High Low. Clos.
Open High Low. Clos.
d.
d.
d.
d.
0 12
6 12
0 12
6 12
April-Alay.. 6 12
May-June.. 6 It
0 12
6 11
6 12
6 11
6 13
6 11
6 13
6 14
6 14
6 14
0 13
6 15
6 13
6 15
Jnce-July.. 6 19
July-Aug... 6 23
0 19
6 18
6 IS
0 17
6 19
6 17
6 19
6 2b
6 22
0 22
6 21
0 23
0 21
6 23
02t
6 28
6 27
6 27
6 24
6 27
6*6
0 27
30
6 29
0 29
6 29
6 30
6 *9
6 30
April
■\UK.-Sept..
d.
d.
d.
d.
6 13
6 13
6 13
6 13
September.. 0 30
Sept.-> >ct... 6 24
o
6 25
6 24
0
4
6 24
0
24
6 23
6 23
Oct.-Nov...
6 14
6 14
6 14
6 12
6 12
6 12
6 12
6 07
6 07
6 07
607
0 11
Nov.-Dec...
Dec.-Jan....
Jan.-Feb
....
Fri.» Apr. 11,
a
rs
73
o
H
....
...
.
....
give all news received to date of disasters to vessels
carrying cotton from United States ports, &c.:
Below
we
of Lonsdale, sfearner (Hr.), before reported, at Liverpool, March
22, from ( inn leston, on March 12, fluing a neavy gale, jeitiboned
40 baits rf con on (duck load) to lighten vessel.
Assyria, bark (Br), lrom Mobile, Feo. 12, for Liverpoo1, stranded at
Pott Elltn.—Sieauitugs, steam cargo hoist and eof<ni bruakingont appliances were sent from Liverpool, on March 22. to .the luirk
Assyria (Br.), from Mobile for Liverpool, stranded at Poi t Ellen.
Up to March 25, 225 bales were recovered. Remaining cargo
under water wid have to be recovered by divers.
Earl
freights the past week have been
Cotton
lues.
follows:
as
Wcdncs.
Thurs.
..
Liverpool, steam d. :i32'^76l* 332®764* P32®7e4* 332®7C4*
sail...d
Do
sail
c.
....
3sk
Bremen, steam, .c.
Do
38*
30*
Kavro, steam—c.
Do
sail
....
....
510*
51(/
_
.
1 (-4
j
38*
38*
....
....
Friday, P. M
Flour lias been as
extras have met with a
3a*
38
;
....
....
•
51G+
5iU
516*
April 11, 1884.
,
rule very quiet, though city shipping
fair demand on West India and South
Superfine has been in only moderate
supply, but most other descriptions have been plentiful, while
the trade has been very unsatisfactory.
Yesterday the mar¬
ket was steady, with rather more demand.
The Exchange is
closed to-day, agreeably to a previous resolution, and there
American account.
Wheat has been
:
38'
a
has therefore been little or no business.
;
....
.
....
38*
c.
Hamburg, steam .c.
_
•J32 a
Fri.
BREADSTUFFS.
reached
quiet for export, but the speculation has
has been an interesting market
prices declined steadily under
fair aggregate, and it
all the week.
For several days
a
the influence of unfavorable
>>
news
from the West and froi»
a
Europe, and the fine outlook for the winter crops, as well as
the excessive supplies both m this count ry anil abroad; but on
Do
sail...e.
Tuesday the market suddenly took an upward turn, owing
732*
7|)0*
732*
Reval, steam... c
732*
j
732*
partly io a demand from shorts anxious to c >vt*r at the profits
sail
c.
Do
;
from the late marked decline, fne rise in two days
accruing
L
L a) 38 v
® 5q*
1U® 5b*
;
Barcelona, steam, c.
was over tluve cents, and was also due in pare to firmer
L*
13*
V
V
V
Genoa, steam
c.
;
markets in Europe.
There has been considerable excitement
;
V.
*2*
V
V
Trieste, steam ...c.
at Chicago, where tiie short interest is ht-iuv-d to be the
;
5t«*
510*
5If/
&!«*
510*
Antwerp, steam. ,c.j
largest. The smp.ll receipts there on Wednesday caused a
Compressed.
rise, to which New York responded; but it is understood that
Liverpool.—By cable from Liverpool, we have the following the hull movement in wheat at C deagt) is merely subsidiary
statement of the week’s sales, stocks, &<*., at that port.
We to similar manoeuvres in the pork market. Yt stei day there
was a slightly better export trade nere and a larger specula¬
add previous weeks for comparison.
tion than for some days, with prices 1@ l?4e. higher. No. 2
Mch. 21
Mch. 28.
Ap> it 4. April 10. red closed at $1 in Elevator, $1 01 for April. $1 02} £ for May,
§1 04% for June, $ 1 efij j for July and $L 015 f.»r August. This
83.000
73,000
.Bales of the week—....hales.
77,0<'0
GS.OoO shows an advance for the week of
3}£ to 5c. for options, the
Of which exporters took
6.00<»
5,000
IS.eOO
16,01 0
later deliveries showing the greatest lise.
Wheat on the spot
5.300
10,due
8.8ti0
Of which speculators took..
9,800
is l^c. higher than last Friday.
50.000
£9.000
Bales American
53,00c
52,000
The v's ble supply in this
6.4D0
5.600
Actual export
6,800
8,( 0l
country is 039,495 bushels smaller than a week ago.
t 6,000
16,000
Forwarded
18,200
13,000
Indian corn lias been no more than fa.iily active on specula¬
Total stock -Estimated
1,035,500 1.066,000 1,060,00) 1,049.000
Of which American—Estim’d
758,000
786,000
796,000
tion, and as a rule very • quiet for export. L nge quantities
782,000
122,000
73,000
52,000
Total import of the v/cek
73,00<
have been disposed of at Chicago, and in th- f »ceof an advanc¬
90,00(
Of whicn American
51,000
G8,00(
25,000
ing wheat market this cereal has declined. Toe visible supply
24 8.000
317,000
Amount afloat
278,00(
262,000
Of which .American
205,000
173.0CK
143,000
121,000 shows a decrease of 616,811 bushels compared with that of a
week ago, but the absence of any for ign irade of importance
The tone of the Liverpool market for spots and futures eacli
is still a depressing feature of the market.
Any rise is due
day of the week ending April 11. and the daily closing prices solely to speculative manipulation. Yesteiday there was a
of spot cotton, have been as follows:
fair business in opt ions at an advance of 1 to l^c., but there was
very
little export business. No. 2 mixed closeu firm at56J4c- in
Saturday Monday. Tuesday. Wednes. Tfiursd’y. Friday.
elevator, o!}qO. for April, 58}&;. for May, 59o; for June, 60%c.
Spot.
StPHriy;
for July and Gl%e. for August. These prices aie %t0 l/2c- lowers
Stend\;
Firm;
Market, ? with fair
little
Firmer.
Active.
good
for options anti
12:30p.m. j demind.
lower for cash corn than a week ago.
demand.
1
doing.
The decline was at one time greater, but much of4 it hast
6 *8
Mid Upl’ds
6i8
64
0*16
64
64
64
64
Mia.Orrns
C5.6
latterly been recovered.
>>
12.030
18.000
12.000
12,000
Bales
14,000
Rye and barley have sold to only a moderate extent, but
cj
4.000
4,060
3,000
2,030
4,000
closed firm.
Bpeo.&exp.
Oats have not sold freely, but have nevertheless
2
O
moved upward of late with the other cereals.
No. 2 mixed
futures.
W
closed
Steady,
at
May
and 37}£o,
yesterday
36o.
for
April,
3(5j^c.
for
Market
Barely
Firm,
>t, l
but L
Very dull. but
Quieter.
for June, showing an advance during tne week of l%c.
steady.
12:30p .M.$
quiet.
tictivo.
The following are closing quotations:
Firm;
Firm;
Market, )
Barely
j
Steady.
active
improved
Firm.
FLOUR.
st
5 p. M.
sail...c
Do
....
....
1332*
1332*
....
1332*
Amst’d’m, steam.c.
1332*
1332*
....
....
....
....
....
....
2
0
i-t
HH
—
4
....
*
.
«
•
•
04.
ss
\
demand.
•
.Jady.
demand.
J
The
opening, highest, lowest and closing prices of futures at
Liverpool for each day of the week are given below. These
prices are on the basis of Uplands, Low Middling clause, unless
otherwise stated.
t^TThe prices are given in pence and 6ilhs% thus: 5 62
and 6 03
means
means
5 62-64d
,
H 3-64®.
No. 2 spring.bbl.
No. 2 winter
Superfine
Spring wheat extras..
>linn. clear and stra’t
Vinter shipp’gextras.
Winter
and
clear
straight
Patents, spring
Sat., Apr. 5.
!
Open High Low.
Cl os.
d.
d.
d.
d.
!
d.
6 OS
0 f8
P. OS
|
.
6
d.
6 00
0 00
j
J
d.
d.
0 10
0 09
0 10
6 07
0 10
6 .2
0 10
6 12
8
0 07
0 C8
7
0 <•?
6 00
(5 06
0 11
Oil
1
0 10
0 10
6(9
0 09
6 10
i
,
6
t
d
0 10
15
6 15
«'■'
0 15
i«14
0 14
0 13
6 13
0 14
0 ! 7
6 14
0
ID
8 VO
6 10
0 10
j 6 19
0 19
0 IT
0
IS
0 19
02)
0 19
6 20
j 0 22
0 22
0 23
0 25
0 25
22
0 22
0 21
Oct.-Nov....
o :o
0 10
Nov.-Dec..
6 05
0 05
i
....
...
.
....
17
0 22
0 21
6 22
O 22
6 25
6 22
6 25
0 23
0 £4
0 23
6 24
0 20
0 20
0
26
6 2(5
6 21
0 20
0
20
6 19
6 20
6 21
6 23
6 21
0 10
0 10
6 09
6 09
0 09
0 09
6 05
0
.
».
....
v
5
!
....
•
•
•
.
....
•
....
.
.
.
,
.
....
....
....
....
.
.
.
....
....
•
•
«
....
5 7
•
3 159 3 50
1
:...
i
0 03
....
6 00
....
....
....
..
.
.
.
.
6 23
.
6 00
•
.
•
...
6 06
•
•
Southern bakers'auo
family brands
4 40® 6 25
South’u sLip’g extras 3 50 ® 5 50
Rye flour, supertine. 3 25® 3 50
Corn meal—
4 00® 6 00
5 50® 0 65
3 00® 3 30
Western, &o
Brandywine, &0....3 30® 3 40
GRAIN.
d.
6 09
0 07
6
0 25
d.
6 00
0 11
6 24
Jan.-Fob....
1
d.
0 00
4 00 9
8.
Open High Low. Clos.
11
3
Dec,-Tan....
1
IjOW. Clox.
3 25
25
2 Go® 3
3 25 9 4 25
Wheat—
07
25
Aua.-SeDt
September.. 0
Sept.-Oct.... 6
Tues., Apr.
'
1
lOpen'High
6 OS
April
April-May.. «
6
May-June
-June-July.. 6
July-Aug... 6
[
Mon., Apr. 7.
$2 05® 2 40 ■ Patents, winter..., $5 50a 6 50
2 25 a 2 75
City snipping extras.4 9o® 5 10
•
•
•
....
Bpring,per bush.
Spring No. 2
Red winter, No. 2
Red winter
White
White No. 1
Corn—West, mixed
W^at. mix. No. 2.
White 8<>iirhern..
Yellow gnurhern.
Western white...
85
®
96
951*5....
100
a 102*2
83
75
.
43
56
65
63
57
01
15
®
85
®
®
9
®
®
®
57 *2
53
70
65
63
CornWestern Yellow
.
60
64
®
G81*
63 *2 ft
Rye—Western
74
State & Canada
7J
®
Oats—Mixed
3J *2 ®
White
40
®
35
No. 2 mixed
®
No. 2 white
...41 *4*
®
Bariev — No. 1 Canada. 91
No. 2 Canada
85 ®
State, two-rowed
®
St «t *, six-rowed
®
37
45
35%
42
92
86
.
The movement of breadstuff's to market is indicated in
statements below, prepared by us from the figures of the
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 5 and since Aug.
for each of the last three years:
1
m
THE
1884,]
irsiL 12,
Milwaukee..
Toledo
Detroit
Cleveland.
..
gt Louis
Peoria.
Duluth
Tot. wk. ’84
’SB
’82
SlnceAug.l—
game wk.
game wk.
7,937
10,200
20,2.0
1,447,033
1.118,118
226,492
59,590
than usual.
Domestic Cotton Goods.—The exports
630.493
2,C97,3S9
638,271
235,270
49.808
this
421,818
1,185,735
677,630
86,424
22,741
Rye.
78.337
81,133
1,277
77,830
1,1(30
3,165
26,130
1,565
25,358
14,311
135,637
1,803
46,315
169.001
466,841
136.6271
115,350
146,162
9,960
144,420
8,832
49,190!
4,000
2,975
22,189
24,630
100,512
19,700
556,795
193.075
12,640
32.429
7,555]
1883
6,502.531
59.698.013
86,253,321
45 338,729
15,442 875
7.034 079
64.141.214
07.970,452
36,506.984
13.711.539
6.134.391
3.566,020
5,651,5041 33.881,573, 81,783,543 25,879,609, 10,821,912;
3,324,540
The exports from the several seaboard ports for the week
ending April 5, 1884, are shown in the annexed statement:
Flour.
from—
New York
Boston...
more cheerful reports
sections of the country.
154,020
Barley.
1882
1881
Exports
accompanied by
73,217
Oats.
BblsAWbs Bush.60 lbs Bush.50 lbs Bush.32 lbs BusliASlbs I Hush.56 lb;
514.301
49,895:
18.S13
58.087
661,630
83,871
Chicago
463
in regard to the spring
The jobbing trade was
spasmodic and irregular, but a fair aggregate business waa
done by most of the leading firms.
Values of the most desir¬
able cotton, woolen and mixed fabrics remain fairly steady, and
stocks in first hands—though abundantly large for the present
requirements of the trade—are not redundant, save in excep¬
tional cases, and distributers have so long pursued a cautious
hand-to-mouth policy, that they are carrying smaller supplies
Com.
Wheat.
Flour.
Receipt* at—
CHRONICLE.
Wheat.
Com.
Oats.
Bush.
BUs.
Bush.
Bush.
67,032
21.469
330,175
237,577
89,154
21,910
8.000
Portland.
]
,300
9,981
Montreal.
Pbiladel..
Baltim’re
N.Orl’ns.
4.626
4,160
130,232
Total w’k.
102,005
B’nae time
1883.
25.000
1,326
Rye.
Peas.
Bush.
Bush..
115,810
9,172
12,000
63.395
102.859
418
66,612
25
37,813
531,531
1,351
153,627
21,172
155,269 1.088.558 1,812.910
190
41,507
25 021
220.832
2(>8,4d t
73,4 2
503,3:3
trade in
some
of cotton goods from
port for the week were only 1,667 packages, of which 369
were shipped to United States of Colombia, 222 to Venezuela,
154 to Chili, 102 to British Honduras, 79 to Great Britain, etc.
There was a more active demand for brown sheetings and
drills denims, ducks, ticks, and other colored cottons by large
buyers, and prices ruled very firm and a trifle dearer in some
cases.
Cotton flannels were ordered in large quantities “at
value” for future delivery, and there was a steady call for wide
sheetings and corset jeans; but bleached sheetings ruled quiet,
a few popular makes, in which a fair business was
reported. The tone of the market for plain and colored cot¬
tons is decidedly firmer, and there is no pressure on the part
of agents to sell at present quotations, prices being far too low
aside from
to be remunerative to manufacturers.
Print cloths were in
moderate demand, and 64x64 “spots” have advanced to
at which figures manufactu: ers refuse to make contracts lor
future delivery, because of t ie uncertainty regarding the
future of the staple.
Fancy prints were mostly quiet, but
indigo-blues and shirtings were in good demand, and a fair
trade was done in ginghams and wash fabrics.
Domestic Woolen Goods.—There was only a moderate
The destination of these exports is as below.
We add the
business in men's-wear woolens, selections having been
corresponding period of last year foi comparison:
chiefly confined to relatively small parcels of the most
desirable heavy and spring fabrics. There was, however, a
Flour.
Wheat.
Corn.
fair
movement in heavy cassimeres, worsfct ds, Ac., on account
Exports
1884.
1881.
1883.
1883.
1884.
for iceck
1883.
of back orders, and clothiers bought so sparingly at the outset
Week.
Week.
Week.
Week.
Week.
to—
Week.
of the season that some duplicate orders are already coming
A pr.
Apr. 5.
Apr. 5.
Apr. 7.
Apr. 5.
Apr. 7.
7.
forward—a pretty sure indication that the outlook is improv¬
Bbls.
Bush.
Bush.
Bbls..
Bush.
Bush.
ing somewhat. The best makes of clothing woolens are well
32 4.847
707.410
398.3 48 1,333,333
61,098
119,715
Un.King.
under the control of orders, and prices remain steady, but
Contin’nt
10,949
4,790
457.V98
178,511
379,(402
158,918
poor qualities and indifferent styles are in buyers’ favor.
9.009
8.115
8.&C.A111
750
12,692
16.303
Satinets were in fair demand, but Kentucky jeans ruled quiet
15.1(49
W. Iudie11,589
13,74(4
5,327
2 650
Brit. Col V
8.; 8100
in first hands.
Jersey cloths were moderately active, and a
130
315
410
796
Otk.c’nt’ffair trade was done in ladies’ cloths, tricots and cloakings,
while there was a steady call for light re-assortments of
102 005
Total...
581.53 4 1.312.916
155.269
503,38 S 1.088,558
all-wool and worsted dress fabrics, and carpets were in steady
By adding this week’s movement to our previous totals we request at both first and second hands. Hosiery and knit
have the following statement of exports since September 1,
underwear adapted to the fall trade have met with more
this season and last season:
attention, and some fair orders (for future^ delivery) were
Flour.
Wheat.
Crrn.
recorded by agents.
Foreign Dry Goods continued quiet with importers, but a
Exports since
IS.-5-S4.
1382-83.
1883-84.
1882-63.
13S3-S4.
18S2-SJ.
Sept. 1, to— Sept. 1 to
fairly
good business was done in a few specialties by leading
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
Sept. 1 to
jobbers. The most staple fabrics were generally steady in
Apr. 5.
Apr. 7.
Apr. 7.
Apr. 5.
Apr. 5.
Apr. 7.
price, but fancy dress goods are easier in some cases, and some
Bbls.
Bbls.
Bush.
Bush.
Bush.
Bush.
kinds of silks are selling low.
The auction rooms presented
4 344.022 15.831.101 28,012.015 17,748.035 18,872.015
Bn. Kingdom
P,180.229
no features of special importance.
Continent...
250.733
377.870 10,095,7(44 22,070,401
5,748 088
3,200,955
..
•
■
8. AC. Am...
West Indies.
Brit. Col’nies
Oth. countr’s
Total.
...
417,14?
4 42.785
1,170.403
573,57(4
1,20(4
31,078
80,028
521,120
55.550
200.0<;4
359.532
340 418
8.010
7.8 :0
101 519
22 8 (4.270
21.041
23,2? 1
17,5(47
203.200
103,400
114,300
4,755,78 -
0,107.542
25.088.410
51.047.000
25,151,775
Importations of Pry Good*.
g
Q
■8
2
JOT*
—■
—
o
S
«
1—
§'3£ 9|8
p
a
O
—77
p:
! #
:
i P
©
4—»
^
:
.
t=
In store at—
New York
Do afloat (est.).
hush.
2,969,505
72,000
Albany
11.000
Buffalo..
C00,149
Chicago
Do
11,361,6.9
afloat
Detroit
706.1 7
10.5.ooo
653,997
8 ,919
142,620
197,677
Philadelphia
249,884
627.864
Indianapolis
8,386
108, 'OO
339,897
Down Mississippi.
On rail
6,727.064 1,137 3 74
4,069
2,253231
Kansas City
Baltimore
28.000
15,531
2,160,873
P6oria
21,000
72,37:5
0,569
2,773 1-7
Cincinnati
BoRton
Toronto
Montreal
hush.
bush.
1,3 21,318 1,756,531
11.3,418
Milwaukee
Bt. Louis
bush.
Barley,
141,275
Dulutli
Toledo
Oswego
Cain,
Corn,
709,179
1,660.604
123,686
< 0,000
38,000
129.082
38*187
105.374
14,027
100.000
bush.
bio
66,000
3.129,319
35,39 L
131,1 a D
14,019
52,799
9,529
22. <99
320
li'o'fi
3.6*45
270,861
97.333
20.400
17ft 013
125.289
133,258
13,780
‘1 ^4 O' M
34,075
1,212.2.57
7,639
171,794
13.000
800,645
783,859
principal feature of interest in the dr}r goods market the
some
of the most
staple cotton fabrics at first hands, a further marked advance
the price of raw cotton having stimulated more literal
operations on the part of large jobbers and the manufacturing
trade. For other goods there was only a moderate inquiry by
package buyers on the spot, but a good many orders for small
re-assortments were received by mail and telegraph, the former
ia
•
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114,812
TRADE.
for
•
*
Friday, P. M„ April 11, 1884.
increased demand
;
,
•
Cj —*
|V>
i O'
M M M
',0
to X
M
tox
O
M X o «-* o.
3,905
63.224
ha
!c
....
~
btobGb
32.8*4*8
Tot.
was an
M
03
O
M X 03
10
b
GOODS
O' M to X 0
1.
!b
0
Cj ‘1 M ‘l X
44.000
8 i*.7*I 4
17.300
2.416
15,600
otc
loci
to
j H*
VbcbVi
O
111,029
>£*
co t:
'1(0-1 01
:
-
/
tO
C VI 0-110
60
past week
M
M
56
494
23.686
109,026
X'
b
CO
M
2 i,70*6
280*88*3
71 b(
03
to to on
co * r. o-i
O 00
O’ co
O
DRY
j 'J
-a
Cl
pp
no
coco
4. ,w
15,500
Tot.
Tot.
The
M
77.726
Tot.
Tot.
THE
;
Rye,
3.2 45
44,738
10,005
o
u
Cl
1,62*1’.F 80
S
.
Si!::®
o>
! !
ob
•
►d !
1,717
235,588 1,514 508
400*080
.
,
O
follows:
Wheat,
0; ;
i
at the
principal points of accumulation at lake and seaboard
ports, and in transit by rail and water, April r>, 1881, was as
a
.
ie lan Flax. Bilk. Cot n Wol. amifaot
H
C M CJ 03
CO tj
O- O '
tv
M
r:
<
*
a
X
-
tj
M
THE CHRONICLE.
464
Jnsuvaucc.
gwist ©orapaaics.
©ammercial (Cards.
United States Trust Co.
Brinckerhoff, Turner
OF NEW YORK,
No.
Capital,
49
WALL
STREET.
3,518,030
-------
This company is a legal depository for moneys paid
Into court, and is authorized to act as guardian or
receiver of estates.
INTKKKmT ALLOWED ON DEPOSIT8.
Which may be maJe at any time, and withdrawn after
five days’ notice, and wili be entitled to interest for
the whole time they may remain with the company.
Executors, administrators, or trustees of estates.
And females unaccustomed to the transaction of bustness, as
well
as
religious and benevolent institutions,
will find this company a convenient depository for
money.
JOHN A. STEWART, President.
WILLIAM H. MACY. Vice-President.
JAMES S. CL Ail K. Second Vice-Pres’t
Dan. H. Arnold,
Thomas 81ocoinb,
Charles E. Bill,
Wilson G. Hunt,
Wm H. Macy,
John J. Cisco.
TRUSTEES:
James Low,
W. W. Phelps,
D. Willis James,
John J. Astor,
John A. Stewart,
The Union Trust
Co.,
613 CHESTNUT STREET,
PHILADELPHIA.
Paid-up Capital
appointee.
Takes charge of property; collects and remits in¬
terest and income promptly, and < ischar^es faith¬
fully the duties of every trust known to t.ie law.
All trust assets kept separate from those of the
Company.
Burglar-Proof Safes and Boxes
(having chrome
in their
■teel doors) to rent at $5 to $60 per annum,
new and elegant chrome steel.
Bonds and -tocks. Plate and all valu
A full
supply, all Widths and Colors, always In stock
No. 1 Oft Dunne Street.
SAMUEL BUDD.
Specialty.
Twenty Years’ experience war¬
Fine Custom Shirts cur
Over
that
assertion
Car trusts and other approved securities for sale.
lv»oney received on deposit, at interest.
JAS. LONG. Pres’*. HlEsTER CLY.MER, V.-Pres’t.
Treasurer At Secretary.
UAilliON S. ST<»KE
D. R. PATTERSON, Trust Officer.
,
Directors.—James Long. Alfre i S. Glllett. Allison
White. Clms. P. Turner, M. 1).. V\ i Ham 8 Price, John
T. Monroe, Jos. 1. Keefe, Tlios. R. Patton, W. J.
Nead, Jas. 8. Martin, 1). Hayes Agoew, M. I).,
H. H. Houston, John G.
Leading, Theodor C.
Engel, Jacob Naylor .Samuel Kiddle, Robert Pat¬
terson.
Philadelphia; George W. Reily, M. !>.,
H aRUISBITUG ; J. Simpson Africa, Huntim.PON;
Ilie-ter Clyrner,llenrv S. E kert, Reading: Edmond
S. I)oty, Mit'ELINTO\'vn ; R. E. Mo. a.ban. West
Chester ; W. vv. H. Davis. DoylkstoWN; Chas. W.
Cooper. ALLENTOWN.
Dress
rants
the
Shirts
unequaled for style, appear¬
and workmanship.
We guar¬
in all cases a perfect fit.
ance
our
are
SAMUEL
BUDD,
Joy, Lincoln & Motley,
SUCCESSORS TO
NUDGE, SAWYER & CO.,
15 Chacxncey Street.
BOSTON.
Street,
AGENTS POR
Co., Atlantic Cotton
Mills.
Clilcopee Mi'g. Co.,
New Mills,
Wlilte Mfg. Co..
Peabody Mills.
llertou
Saratoga Victory Mfg. Co.,
Hosiery and Yarn Mtliv
Bliss, Fa by an 6c Co.,
SELLING AGENTS FOR LEADING
BRANDS
SHIRTINGS
SHEETINGS,
DENIMS, TICKS. DUCKS, &C.
A: BLEACHED
AND
PRINTS,
Towels, Quilts, While Goods Ac
rail's
Hoaierj
for* Eritorl Trade..
>hp*>fi-»os.
BAGGING.
Brooklyn Trust (-o
Cor. of Montague & Clinton Bia. Brooklyn.
N Y.
registry and transfer books, or make purchase and
•ale of Government and other securit ies.
Religious and charitable institutions, and persi ns
unaccustomed to the transaction of business, will
find this Compnnv a safe and convenient depositor*
RIPLEY ROPES. President.
EDMUND W. OOKlIES. Viee-Pres’t.
TRUSTEES:
John P. Rolfe,
Josiah O. Low, Henry K.Sheldon.
E. F. Knowlton,
Alex. McCue,
John T. Martin.
H. K. Pierrepont, A. A. Low.
Kdm’d W. Corlies
Alex. M. White. Mich’l Chauncey, Fred. Cromwell,
Wm. H. Male.
C. D. Wood,
Ripley Ropes.
Jar. R. Curran. Assistant Secretarv.
Henry Sanger,
Co.,
MetropolitanWallTrust
New York.
Mills Building, 35
8t.,
PAID UP CAPITA!., $1,000,000.
Designated as a legal Depository by order of Su¬
preme Court. Receive deposits of money on interest
act as fiscal or transfer agent, or trustee for corpora¬
tions and accept and execute any legal trusts from
persons or corporations on as favorable terms a*
Other similar companies.
THOMAS HILLHOU8E, Presides.
FREDERIC D. TAPPKN. Vice-President
WALTER J. BR1TTIN. Heoratarv.
Manufacturers’ Agents for the sale of Jute
Bagging,
IMPORTERS
IRON
OF
rOTTft\
TIES,
Bullard 6c Wheeler,
MAIDEN
119
Everingham & Co.,
(Established 1865)
COMMISSION
MERCHANTS,
125 La Sa’le Street,
CHAMBER OF COMMERCE),
CHICAGO.
THE PURCHASE AND
SALE OF
AND PROVISIONS,
the Chicago Board
of Trade, for cash or future
deliver/, a sneoialtv.
Specie* Informatii n, I alien ting course
freely lurnlshod upon request.
on
31st De¬
$4,168,953 10
Policies not marked
eff 1st January,
1883
1,539,232 53
Total Marine Premiums
$5,708,185 63
Premiums marked oft’ from 1st
January, 1883, to 31st Decem¬
ber, I8s3
$1,260,423 93
Losses
paid during the same
period
$1,901,042 38
....j
$850,080 70
penses
Company lias the following Assets, viz.;
United States ai d State, of New
York Stock.
City, Bank and
$8,666, 95 00
other Stocks
Loans secured
by Stocks and
1,956, 00 00
otherwise
Real E.-tate and Claims due the
425,(00 00
Company, estimated at
Premium Notes aud Bills
Re¬
1,588, ©6 79
335,/10 68
ceivable,
Cush in Hank
$12,97 .312 47
Amount.
SIX PER CENT INTEREST
on
the outstand¬
ing cert ideates of profits will be paid to tlie hold¬
ers thereof, or their legal representatives, on
and after
THE
Tuesday, the Fifth of February next.
OUTSTANDING
CERTIFICATES of
the issue of 1879 w 11 be redeemed ami paid to
legal representa¬
of Feb
ruary next, from which dateall interest thereon
will cease. Tlie certificates to be produced at
the time of payment and canceled.
of markets,
A DIVIDEND
AND
BAGGING
OF FORTY
PER CENT
is
the net earned premiums of the
By order of the Board,
J, H.
YORK.
NEW
on
Company, for the year ending 31st December,
1883, for which certificates will be issued on
and after Tuesday, the Sixth of May next.
LANE,
CHAPMAN, Secretary.
IRON TIES,
BALING COTTON.)
Agents for the following brands of Jute Bagging,
“Eagle Mills,”“Brooklyn City.”“Ger»rgla,”“Carolina,’»
“Nevlns O. “Union Star,” “Salem.”“Horicon Mills,’
“Jersey Mills” and “Dover Mills.”
(FOR
I vi
r» f
ihhtkin
utnv
CARPETS,
OIL CLOTHS.
MATTINGS, LINOLEUM, ETC.
Office and Slil
271
A:
Furnishing Specially
S, esired.
TIIEO. VV.
BAILEY & CO.,
273 Canal Street, New
York.
.through to 31 Howard Sc.)
Wm. Eelix
Alexander,
BROKER,
AUGUSTA,
GEORGIA
COTTON
Kr.tlre attention slven
COTTON TO
EXPORTERS'
to purenase of
•TiDEK tor SPINNERS and
TRUSTEES
rnv’£i
(Cotton.
on
Premiums
declared
(Commercial (Cavils.
GRAIV
1st January, 1883, to
cember. 1883
tives, ou and after Tuesday, the Fifth
WARREN, JONES & GRATZ,
ST. LOUIS, Mo.
Nenr Broadway
(ADJOINING
Premiums ouMarii e Risks from
the holders theieof, or their
This Company is authorized by special charter to
act as receiver, trustee, guardian, executor or ad¬
ministrator.
^
It oan act as agent in the sale or manageiue-.i of
real estate, collect interest or dividends, rec* ive
L.
conformity to tlie C. arter of
the Company, submit tho following Statement
of its affairs on rlie 31st December, 1883;
Boston, Philadelphia,
New York,
BROWN
January 24.1884.
The Trustees, in
Tho
43 & 45 white
Co.,
Returns of Premiums and Ex¬
Broadway & 24th Street, New York.
E. B.
Insurance
NEW YORK,
STATES BUNTING CO.
UNITED
Ocean Mills
tble* securely
Mutual
Also, Agents
NEW YORK.
kept, undei guarantee, at moderate charges.
for money.
CAR
DUCK,
COVERING, BAGGING, RAVENS DUCK,SAIL
TWINES, &C., “ONTARIO” SEAMLESS
BAGS, “AWNING STRIPES.
Burglar-Proof Vaults,
protected by improved time locks.
Wills kept In Vaults without charge.
The
FELTING
CANVAS,
COTTON
antee
Charter Perpetual.
Acts as Executor, Administrator. Assignee, Re¬
ceiver, Guardian, Attorney, Agent, Trustee and Com¬
mittee, alui.e or in connection with an individual
Fire and
And all kinds of
$1,000,000
600,000
Authorized Capital
ATLANTIC
COTTON SAILDUCK
S. B. Chittenden.
Geo. H. Warren.
S.M.Buckingham George Bliss,
H.
E.
Lawrence, William Llbbey.
Clinton Gilbert,
Isaac N. Phelps. John C. Brown,
Daniel D. Lord,
George T. Adee, Erastus Corning, Edward Cooper.
Samuel Sloan,
HENRY L. THORNELL. Secretary.
LOUIS G. HAMPTON. Assistant Secretary
611 AND
Co.,
John H.tthuauea
Anson P. Stokes.
Robt. B. Mtnturn
OFFICE OF THE
Manufacturers and Dealers In
$2,000,000
-
Surplus,
&
[Vol. XXXVIII
Coar.KSVOKTJKSOE SOLIOITUD.
National San* of Augusta. Georgia
denrv
A Co., Cornmlpslnn Merchant.
v„ri . wo'itanK. P^ria* Co., Proprietor* f'oiMMFR
and
ftnxjsoial Cubonioui, and other New
York Hovim,
J. D. Jones,
Horace
Charles Dennis,
Edmund W. Corlies,
Gray,
W. H. H. Moore,
Adolph Leuioyne,
Charles H. Russell,
Robt. B. Mtnturn,
Marshall,
James Low,
Charles H.
David Lane,
John Elliott,
Gordon W. Burnham,
James G. De F.»rest,
A. A.
Charles D. Leverioh,
Raven,
Wm.
Sturgis,
Benjamin H. Field,
William
Bryce,
William H. Fogg,
Coddington,
Josiali O. Low,
Thomas B.
Dodge,
Royal Phelps,
Horace K. Thurber,
William
C. A. Hand,
John L. Riker,
John D. Hewlett,
N. Denton Smith,
William H. Webb,
George BlDs,
William H. Macy.
William E.
Charles P. Burdett,
JOHN D. JONES,
Degroot,
President,
CHARLES DENNIS,
Vice-President.
Reference?
W. H. H.
A.
MO&RE,
2d Vice-Pr.
sident,
RAVEN, 3d Vice-President.
@FedFRASER